ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023
CRC Manchester
(A company limited by guarantee) Charity registration number: 1187350 Company registration number: 12026745
Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham, Chichester West Sussex PO18 8NF
CRC MANCHESTER
CONTENTS
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 to 15 |
CRC MANCHESTER
REFERENCE AND ADMINISTRATIVE DETAILS
Trustees
Stephen Ridgely Izak Marais Ninette Heyneke
Charity Registration 1187350 Number Company Registration 12026745 Number
The charity is incorporated in England. Registered Office 46 Commercial Road London E1 1LP Independent Examiner G Schulz ACMA Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham, Chichester West Sussex PO18 8NF Bankers Barclays Bank Plc Leicester LE87 2BB
Page 1
CRC MANCHESTER
TRUSTEES' REPORT
The Trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 May 2023.
Structure, governance and management
Nature of governing document
The charity is constituted under a Memorandum of Association dated 31 May 2019 and is a registered charity number 1187350.
Recruitment and appointment of Trustees
The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.
Risk management
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.
Objectives and activities
Objects and aims
The principal object of the charity is the advancement of the Christian faith.
Public benefit
The Trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Achievements and performance
Review of activities
Throughout the year under review the church continued to host Sunday celebration services, weekly homecell and prayer meetings, trainings and community outreaches for the benefit of the members of the church and the public of Manchester and surrounding areas.
The church still hosts celebration services, other meetings and has its offices at the local campus on Brook Road, Urmston.
The church’s impact continued to expand with record member and visitor attendances on Sundays and at the Revival Night hosted in November 2022.
For this year’s annual Bag of Love Christmas campaign, bags filled with toys were donated to a local charity which focuses on improving life chances of children and families living in poverty.
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CRC MANCHESTER
TRUSTEES' REPORT
During the year under review the church had an expansion project, focussing on renovating areas in and around the building, purchasing new equipment and making improvements on current installations. This resulted in an increase of overall expenditure.
Financial review
Income for the year amounted to £113,784 (2022: £97,571) and expenditure £107,706 (2022: £80,366). The surplus of £6,078 (2021: £17,205) was added to funds brought forward with unrestricted fund values being £49,570 at the year end.
Going concern
After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.
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CRC MANCHESTER
TRUSTEES' REPORT
Statement of Responsibilities
The Trustees (who are also the directors of CRC Manchester for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The Trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Small companies provision statement
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
The annual report was approved by the Trustees of the charity on 16 February 2024 and signed on its behalf by:
......................................... Ninette Heyneke Trustee
Page 4
CRC MANCHESTER
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CRC MANCHESTER
I report to the charity Trustees on my examination of the accounts of CRC Manchester for the year ended 31 May 2023.
Responsibilities and basis of report
As the charity’s Trustees of CRC Manchester (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of CRC Manchester are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner’s statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of CRC Manchester as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
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.
...................................... G Schulz ACMA Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham, Chichester West Sussex PO18 8NF
16 February 2024
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CRC MANCHESTER
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2023
| Note Unrestricted funds £ Income and Endowments from: Donations and legacies 3 112,985 Charitable activities 4 799 Investment income 5 65 Total income 113,849 Expenditure on: Charitable activities 6 107,771 Total expenditure 107,771 Net income 6,078 Net movement in funds 6,078 Reconciliation of funds Total funds brought forward 43,492 Total funds carried forward 13 49,570 |
Total 2023 £ 112,985 799 65 113,849 107,771 107,771 6,078 6,078 43,492 49,570 |
Total 2022 £ 96,471 1,098 2 |
|---|---|---|
| 97,571 | ||
| 80,366 | ||
| 80,366 | ||
| 17,205 | ||
| 17,205 26,287 |
||
| 43,492 |
The notes on pages 8 to 15 form an integral part of these financial statements. Page 6
CRC MANCHESTER
(REGISTRATION NUMBER: 12026745) BALANCE SHEET AS AT 31 MAY 2023
| Note Fixed assets Tangible assets 10 Current assets Debtors 11 Cash at bank and in hand Creditors: Amounts falling due within one year 12 Net current assets Net assets Funds of the charity: Unrestricted income funds Unrestricted funds Total funds 13 |
2023 £ 8,388 8,388 9,138 39,959 49,097 (7,915) 41,182 49,570 49,570 49,570 |
2022 £ 3,550 |
|---|---|---|
| 3,550 | ||
| 3,879 42,329 |
||
| 46,208 (6,266) |
||
| 39,942 | ||
| 43,492 | ||
| 43,492 | ||
| 43,492 |
For the financial year ending 31 May 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The financial statements on pages 6 to 15 were approved by the Trustees, and authorised for issue on 16 February 2024 and signed on their behalf by:
......................................... Ninette Heyneke Trustee
The notes on pages 8 to 15 form an integral part of these financial statements. Page 7
CRC MANCHESTER
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023
1 Charity status
The charity is limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the Trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.
2 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Basis of preparation
CRC Manchester meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Going concern
The Trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
Income and endowments
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
Donations and legacies
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
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CRC MANCHESTER
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023
Gift aid
Incoming resources from tax reclaims are included in the Statement of Financial Activities at the same time as the gift to which they relate.
Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £500 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class Depreciation method and rate Furniture and equipment 25% on reducing balance Computer equipment 33% on reducing balance
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CRC MANCHESTER
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023
Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Liabilities
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Fund structure
Unrestricted income funds are general funds that are available for use at the Trustees' discretion in furtherance of the objectives of the charity.
Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
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CRC MANCHESTER
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023
3 Income from donations and legacies
| Donations and legacies; Donations Gift aid reclaimed 4 Income from charitable activities Conferences and events 5 Investment income Interest receivable and similar income; Interest receivable on bank deposits |
Unrestricted funds General £ 97,382 15,603 112,985 Unrestricted funds General £ 799 Unrestricted funds General £ 65 |
Total 2023 £ 97,382 15,603 112,985 Total 2023 £ 799 Total 2023 £ 65 |
Total 2022 £ 85,489 10,982 |
|---|---|---|---|
| 96,471 | |||
| Total 2022 £ 1,098 |
|||
| Total 2022 £ 2 |
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CRC MANCHESTER
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023
6 Expenditure on charitable activities
| Note Premises costs Ministry and meeting expenses Conferences and events Equipment Manse costs Communications Office expenses Printing, post and stationery IT software and consumables Insurance Professional fees Travelling and subsistence Miscellaneous Bank charges Independent examination Depreciation, amortisation and other similar costs Grant funding of activities 7 Staff costs 9 |
Unrestricted funds General £ 15,881 27,335 1,290 5,295 16,800 1,574 821 2,484 1,815 543 977 13,387 1,838 348 810 2,999 7,093 6,481 107,771 |
Total 2023 £ 15,881 27,335 1,290 5,295 16,800 1,574 821 2,484 1,815 543 977 13,387 1,838 348 810 2,999 7,093 6,481 107,771 |
Total 2022 £ 8,609 22,710 3,145 2,293 16,773 1,142 1,687 1,391 1,536 - 1,834 4,890 2,092 302 750 1,185 5,981 4,046 |
|---|---|---|---|
| 80,366 |
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CRC MANCHESTER
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023
7 Grant-making
Analysis of grants
Donations
Grants to institutions 2023 2022 £ £ 7,093 5,981
8 Trustees remuneration and expenses
During the year the charity made the following transactions with Trustees:
Stephen Ridgely
Stephen Ridgely received remuneration of £6,481 (2022: £4,046) during the year and is provided with accommodation at a cost of £16,800 (2022: £16,773). Legal authority: Governing document.
The only other payments made to the Trustees, or any person connected with them, consisted of reimbursements of expenditure incurred on behalf of the charity in furthering the charity's objects.
9 Staff costs
The aggregate payroll costs were as follows:
Staff costs during the year were:
Wages and salaries
2023 2022 £ £ 6,481 4,046
The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:
2023 2022 No No Staff 1 1
No employee received emoluments of more than £60,000 during the year.
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CRC MANCHESTER
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023
10 Tangible fixed assets
| Furniture and equipment £ Cost At 1 June 2022 5,080 Additions 5,998 At 31 May 2023 11,078 Depreciation At 1 June 2022 1,530 Charge for the year 2,386 At 31 May 2023 3,916 Net book value At 31 May 2023 7,162 At 31 May 2022 3,550 11 Debtors Trade debtors Prepayments Accrued income Other debtors 12 Creditors: amounts falling due within one year Trade creditors Other creditors Accruals |
Furniture and equipment £ 5,080 5,998 |
Computer equipment £ - 1,839 |
Total £ 5,080 7,837 12,917 1,530 2,999 4,529 8,388 3,550 2022 £ - 1,400 1,079 1,400 |
||
|---|---|---|---|---|---|
| 11,078 | 1,839 | ||||
| 1,530 2,386 |
- 613 |
||||
| 3,916 | 613 | ||||
| 7,162 | 1,226 | ||||
| 3,550 | - | ||||
| 2023 £ 222 1,400 6,116 1,400 9,138 2023 £ 3,243 1,684 2,988 7,915 |
|||||
| 3,879 | |||||
| 2022 £ 1,180 3,779 1,307 |
|||||
| 6,266 |
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CRC MANCHESTER
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023
13 Funds
| 13 Funds | ||||
|---|---|---|---|---|
| Unrestricted funds General General Funds Unrestricted funds General General Funds |
Balance at 1 June 2022 £ 43,492 Balance at 1 June 2021 £ 26,287 |
Incoming resources £ 113,849 Incoming resources £ 97,571 |
Resources expended £ (107,771) Resources expended £ (80,366) |
Balance at 31 May 2023 £ 49,570 |
| Balance at 31 May 2022 £ 43,492 |
14 Analysis of net assets between funds
| Tangible fixed assets Current assets Current liabilities Total net assets Tangible fixed assets Current assets Current liabilities Total net assets |
Unrestricted funds General £ 8,388 49,097 (7,915) 49,570 Unrestricted funds General £ 3,550 46,208 (6,266) 43,492 |
Total funds at 31 May 2023 £ 8,388 49,097 (7,915) |
|---|---|---|
| 49,570 | ||
| Total funds at 31 May 2022 £ 3,550 46,208 (6,266) |
||
| 43,492 |
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