**THE CROWDED HOUSE COLLECTIVE ACCOUNTS AND ANNUAL REPORT FOR THE YEAR TO 31 MARCH 2024**
## **CHARITY NO: 1187108**
**Cound & Co LLP Chartered Accountants 1 Princes Court Royal Way Loughborough Leics LE11 5XR Tel: 01509 214163**
## **THE CROWDED HOUSE COLLECTIVE**
**FOR THE YEAR ENDED 31 MARCH 2024**
|Contents|Page|
|---|---|
|Report of the Trustees|1- 2|
|Independent Examiner’s Report|3|
|Statement of Financial Activities|4|
|Balance Sheet|5|
|Notes to the Financial Statements|6 - 10|
**- 1 -**
## **THE CROWDED HOUSE COLLECTIVE**
## **TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024**
The trustees are pleased to present their report together with the financial statements of the charity for the year ended 31 March 2024.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
**CHARITY NAME** The Crowded House Collective **CHARITY NUMBER** 1187108 **PRINCIPAL OFFICE** 215 Sharrow Vale Road Sheffield S11 8ZB
The trustees serving during the year were as follows:
Mrs L E Johnston (Chair) I Gregory (until July 2023) Dr M Savage (until July 2023) Mr T J Bridge Mrs R M Backhouse Rev D S D Elliott Mr R F Spink (from July 2023) **INDEPENDENT EXAMINERS** Cound & Co LLP 1 Princes Court Royal Way Loughborough Leics LE11 5XR
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The CIO is constituted under a deed of declaration dated 20th December 2019. It is governed by 5 trustees who meet together formally quarterly and at other times as required. The trustees sign off the budget and the annual accounts and return. They receive a quarterly summary of the finances for review and all trustees have access to the monthly financial status reports. The trustees ensure that all appropriate insurances are in place and that our Health and Safety, Employment and Safeguarding procedures comply with all the relevant legislation.
## **OBJECTIVES**
The objectives of the Church are:
- 1) the advancement of the Christian faith in accordance with the Basis of Faith primarily but not exclusively within Sheffield and the surrounding neighbourhood; and
- 2) such other charitable purposes as shall, in the opinion of the charity trustees, put into practice the Christian faith in accordance with the Basis of Faith, including but not limited to: the prevention and relief of need, hardship and sickness; the advancement of education; and the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of life;
When planning our activities, the trustees have considered the Charity Commission’s guidance on public benefit, and in particular the specific guidance on charities for the advancement of religion.
**- 2 -**
## **THE CROWDED HOUSE COLLECTIVE**
## **TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024**
## **ACHIEVEMENTS AND PERFORMANCE**
We are a local church who hold weekly Sunday morning meetings for our members and any of the general public who would like to attend, including separate age-appropriate bible teaching for primary-school aged children. We livestream these meetings to allow those who cannot attend in person to participate. Midweek prayer meetings and small group meetings are also held in the church building and in members’ homes.
We run a weekly playgroup at our church building for families with pre-school children, which continues to be wellattended by local families. This provides a friendly welcome and play opportunities for pre-school children, as well as the opportunity to hear a bible story each week. We also run a weekly youth group for secondary school aged children in partnership with another Sheffield church. Many of the young people attended the youth group weekend away in the Peak District in March 2024, with a variety of activities and bible teaching.
We were thankful to be able to host a holiday bible club in August 2023 which was attended by around 50 children in total, who enjoyed a week of fun activities and bible teaching on the theme of ‘Who is Jesus?’
In April 2023 we ran a teaching series on the theme of Evangelism including visits from several visiting speakers. A number of married couples from our congregation were also able to attend a marriage retreat organised in partnership with Union church in February 2024.
We were pleased to have our proposed new Constitution and Church Handbook approved by the Charity Commission in July 2023, and have changed our structure from a Foundation to an Association CIO. The elders and trustees believe that these changes will allow greater involvement by the congregation in decisions and help us to better achieve our purposes by stating clearly how the charity will be run.
Malcolm Savage stepped down as an elder and Ian Gregory as a trustee in July 2023. We are very thankful to them both for their service. After a period of consultation with our members we were delighted to appoint Abi Ireson as a parttime Children and Families Worker in September 2023.
## **FINANCIAL REVIEW**
## **INCOME**
The majority of the funds come from regular donors and we claim gift aid when the donor is a UK tax payer. The CIO owns a residential property near to the church property and this is rented out to provide further income.
## **EXPENDITURE**
CIO funds are used to pay for the salaries of our staff, the costs associated with owning and using property and other expenses related to running the activities of the church. We also support a number of missionaries who work overseas in areas including bible translation.
## **RESERVE POLICY**
The trustees monitor the financial position of the church on a regular basis and have agreed that the equivalent of three month's expenses should be held in reserve.
9 September 2024
**…………………………………….** Laura Johnston (Chair)
**- 3 -**
## **THE CROWDED HOUSE COLLECTIVE**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024**
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2024 which are set out on page 4 to 10.
## **RESPONSIBILITIES AND BASIS OF REPORT**
As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **INDEPENDENT EXAMINER'S STATEMENT**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
D R Gradon MA FCA Cound & Co LLP Chartered Accountants 1 Princes Court Royal Way Loughborough Leics LE11 5XR
9 September 2024
**- 4 -**
## **THE CROWDED HOUSE COLLECTIVE**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)**
## **FOR THE YEAR ENDED 31 MARCH 2024**
|INCOME
Donations & Legacies
Other Income
Investment Income
TOTAL INCOME
EXPENDITURE
Expenditure on Charitable Activities
Expenditure on Investment Activities
TOTAL EXPENDITURE
NET INCOME
TRANSFERS BETWEEN FUNDS
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS
TOTAL FUNDS BROUGHT FORWARD
TOTAL FUNDS CARRIED FORWARD|Unrestricted
Restricted
Funds
Funds
Notes
2024
2024
2
112520
-
3
3239
-
4
19791
-
______
______
135550
-
______
______
5
122645
-
6
3951
-
______
______
126596
-
______
______
8954
-
-
-
______
______
8954
-
480558
38995
______
______
489512
38995
______
______|Total
Funds
2024
112520
3239
19791
______
135550
______
122645
3951
______
126596
______
8954
-
______
8954
519553
______
528507
______|Total
Funds
2023
110535
1159
11824
______
123518
______|
|---|---|---|---|
||||110672
3218
______
113890
______|
||||9628
-
______
9628
509925
______
519553
______|
**- 5 -**
## **THE CROWDED HOUSE COLLECTIVE**
## **BALANCE SHEET AS AT 31 MARCH 2024**
|FIXED ASSETS
CURRENT ASSETS
Debtors
Cash at Bank and in Hand
LIABILITIES:
Creditors: Amounts falling due within one year
NET CURRENT ASSETS
TOTAL NET ASSETS
THE FUNDS OF THE CHARITY
Unrestricted General Funds
Restricted Funds
TOTAL FUNDS|Notes
8
9
10
11
11
12|2024
402840
20532
106952
______
127484
______
1817
_____
125667
______
£528507
______
489512
38995
______
£528507
______|2023
401823
19163
101006
______
120169
______
2439
_____
117730
______
£519553
______
480558
38995
______
£519553
______|
|---|---|---|---|
|||||
Approved by the trustees on 9 September 2024 and signed on their behalf by:
…………………………………… Laura Johnston (Chair)
**- 6 -**
**THE CROWDED HOUSE COLLECTIVE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## 1 **Accounting Policies**
## a) Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with the Charities SORP (FRS 102): ‘Accounting and Reporting by Charities, Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS102 the Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS102”) (effective 1 October 2019)’ and the Charities Act 2011. The disclosure requirements of Section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view.
The charity constitutes a public benefit entity under FRS102.
Assets and liabilities are initially recognised at historical cost or transactional value unless otherwise stated in the relevant accounting policy note and the financial statements are prepared on a going concern basis. The financial statements are prepared in sterling, which is the financial currency of the charity and rounded to the nearest £1.
## b) Fund Accounting
Undesignated general funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the Church and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the church for particular purposes. The cost of raising and administering such funds are charged against specific funds. The aim of each restricted fund is set out in the notes to the financial statements.
## c) Incoming Resources
All incoming resources are included in the SOFA when the charity is legally entitled to the income after performance conditions have been met, the amount can be measured reasonably and it is probable that the income will be received. No amount is included in the financial statements for volunteer time in line with SORP (FRS102).
## d) Resources Expended
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the church to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an “accruals” basis.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attached are fulfilled.
- e) Depreciation is charged in such a way as to write off the cost of fixed assets over their estimated useful lives at the following rates:
- Office Equipment - 33 ⅓% straight line basis
Freehold properties are not depreciated but are held at their Fair Values.
## f) Pensions
Employees of the Church are entitled to join a defined contribution ‘money purchase’ scheme. The Church’s contribution is restricted to the contributions disclosed in note 7. The costs of the scheme are included within the expenditure on charitable activities.
**- 7 -**
## **THE CROWDED HOUSE COLLECTIVE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## 2 DONATIONS AND LEGACIES
|DONATIONS AND LEGACIES|||||
|---|---|---|---|---|
||Unrestricted|Restricted|||
||Funds|Funds|Total|Total|
||2024|2024|2024|2023|
|Donations|91988|-|91988|91372|
|Gift Aid|20532|-|20532|19163|
||______|_____|______|______|
||£112520
______|£-
_____|£112520
______|£110535
______|
The total amount of donations received from the trustees in the year was £12574 (2023: £19216).
## 3 INCOME FROM CHARITABLE ACTIVITIES
|Unrestricted
Restricted
Funds
Funds
2024
2024
Other Income
2094
-
Youth Group Weekend
1145
-
_____
______
£3239
£-
_____
______|Total
2024
2094
1145
______
£3239
______|Total
2023
1159
-
______
£1159
______|Total
2023|
|---|---|---|---|
## 4 INVESTMENTS
|Unrestricted
Restricted
Funds
Funds
2024
2024
Interest received
4908
-
Rent received
14883
-
_____
______
£19791
£-
_____
______|Total
2024
4908
14883
______
£19791
______|Total
2023
1793
10031
______
£11824
______|
|---|---|---|
**- 8 -**
## **THE CROWDED HOUSE COLLECTIVE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
5 EXPENDITURE ON CHARITABLE ACTIVITIES
|6
7|Unrestricted
Restricted
Funds
Funds
Total
Total
2024
2024
2024
2023
Grants to Institutions
18114
-
18114
19874
Ministry Expenses
6721
-
6721
4132
Youth Weekend Expenses
1915
-
1915
1430
Outreach Expenses
284
-
284
759
Premises Costs
8880
-
8880
9518
Administration Costs
11478
-
11478
7207
Sundry
55
-
55
452
Wages and Salaries
62599
-
62599
55439
Accountancy Fees
840
-
840
1200
Depreciation
1041
-
1041
727
Professional Fees
7121
-
7121
7944
Training Costs
3597
-
3597
1990
______
_____
______
______
£122645
£-
£122645
£110672
______
_____
______
______
EXPENDITURE ON INVESTMENT ACTIVITIES
Unrestricted
Restricted
Funds
Funds
Total
Total
2024
2024
2024
2023
Rental property expenses
£3951
£-
£3951
£3218
_____
_____
______
______
STAFF COSTS
2024
2023
Wages and salaries
60117
53728
National insurance
4221
4430
Less: Employment Allowance
(4221)
(4430)
Pension Contributions
2482
1711
______
______
£62599
£55439
______
______
Average number of employees
4
3
___
___|
|---|---|
No employee received remuneration of over £60,000 in the year (2023: none). One of the trustees, Rev D Elliott, received remuneration of £39,686 (2023: £37,440); he received this in his role of Pastor and not as a trustee. The church also paid £2,482 in respect of contributions to a defined contribution pension scheme.
There were no expenses paid to trustees during the year (2023: £nil).
**- 9 -**
## **THE CROWDED HOUSE COLLECTIVE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
|8
9
10|FIXED ASSETS
Tangible Assets
Cost (or Valuation)
At 1 April 2023
Additions
At 31 March 2024
Depreciation
At 1 April 2023
Charge for the Year
At 31 March 2024
Net Book Value
At 31 March 2024
Net Book Value
At 31 March 2023
DEBTORS– All receivable within one year
Trade Debtors
Gift aid reclaimable
CREDITORS– Amounts falling due within one year
PAYE/NIC Creditor
Other Creditors
Accruals|Freehold Computer/AV
Property
Equipment
Total
400000
2669
402669
-
2058
2058
_____
_____
_____
400000
4727
404727
_____
_____
_____
-
846
846
-
1041
1041
_____
_____
_____
-
1887
1887
_____
_____
_____
£400000
£2840
£402840
_____
_____
_____
£400000
£1823
£401823
_____
_____
_____
2024
2023
-
-
20532
19163
______
______
£20532
£19163
______
_____
2024
2023
706
691
331
308
780
1440
______
______
£1817
£2439
______
_____|
|---|---|---|
**- 10 -**
## **THE CROWDED HOUSE COLLECTIVE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
|11|STATEMENT OF FUNDS
At 31 March
2023
Income
Unrestricted Funds
480558
135550
Restricted Funds
38995
-
______
______
Total Funds
£519553
£135550
______
______|Expenditure
(126596)
-
______
(£126596)
______|At 31 March
Transfers
2024
-
489512
-
38995
_____
______
-
£528507
______
______|
|---|---|---|---|
|||||
Restricted Funds are represented by:
|B/Fwd at
31 March
2023
Manor Gift Day Fund
38995
______
£38995
______|Income
-
______
£-
______|Expenditure
-
______
£-
______|C/Fwd at
31 March
Transfers
2024
-
38995
_____
______
£-
£38995
______
______|
|---|---|---|---|
|||||
12 ANALYSIS OF NET ASSETS BETWEEN FUNDS
|ANALYSIS OF NET ASSETS BETWEEN FUNDS||||
|---|---|---|---|
||Unrestricted|Restricted|Total|
||Funds|Funds|Funds|
|Fund balances at 31 March 2024 are represented by:||||
|Fixed Assets|402840|-|402840|
|Current Assets|88489|38995|127484|
|Current Liabilities|(1817)|-|(1817)|
||______|______|______|
|Total Net Assets|£489512
______|£38995
______|£528507
______|
|Fund balances at 31 March 2023 are represented by:||||
|Fixed Assets|401823|-|401823|
|Current Assets|81174|38995|120169|
|Current Liabilities|(2439)|-|(2439)|
||______|______|______|
|Total Net Assets|480558
______|38995
______|£519553
______|