Charlty registration number 1189540 Company reglstration number CE021888 REBORNE COMMUNITY CHURCH ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
RE80RNE COMMUNITY CHURCH LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr P J Kelly MrsASPark MrAI Rigbv Mr M Rilev Mrs C Bryer Rev Michael I lutchinson Stear IAppointed 18 July 20241 IAppointed 18 July 20241 IFlesigt)ed l January 20241 Charity number 1189540 Company number CE021888 Registered Address North Street Milborne Port Sherborne Dorset DT9 SEW Independent Examiner Mrs S Truran FCCA FCA Streets Bush Limited 2 B3rnfield Crescent Exeter EXI IQT
REBORNE COMMUNITY CHURCH CONTENTS Page Trustees, report Independent examiner's report Statement of financial activities Balance sheet Notes to the financial statements 8-18
REBORNE COMMUNITY CHURCH TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present their annual report and financial statement5 for the year ended 31 December 2024. The financial statements have been prepared in accordance with the accounting policies set out in the financial statements and comply with the charity's governing document, the Charities Act 2011 and 'Accounting and Reporting bv 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 IFRS 1021" (effective l January 20191. The charity is a CIO and meets the definition of a public benefit entity under FRS 102. Objectives an(1 activities The objert of ReBorne Community Church (the Church) is the advancement of the Christian faith in accordance with the Statement of Faith through word and social action. The trustees confirm that they have complied with the requirements of Section 4 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 The work of ReBorne Church continues and grows Milborne Port. serving the communities in both Sherborne and Services are held on Sundays in Digby Hall. Due to bijilding work at the Milborne Port venue we have used alternative accommodation for some attivities. Thank you to Cheap Street Church for allowing us to use their building for prayer meetings. Also thank you to Milborne Port Primary school for allowing us to hire theiT school premises for our outreach work for children and youth activities. Activities held in school include a toddler group, after school kids club, and an evening youth club. Numbers at these activities are good and stable. As a church community we support Dorset Youth for Christ with running youth club5 in the town of Sherborne. In Sherborne at the Westend hall we run another growing toddler group and a well attended coffee morning. Fellowshipgroups continue with Bible study and support. These are held in homes of the ReBorne r.nnEregation. Work continues in our local schools, Primary at Milborne Port and Secondary in Sherborne. Mentoring continues with over 10 students and group work for those students male and female requiring support. Within MP Primary School support for classes is given and Christian assemblies are delivered weekly by ReBorne Church.
REBORNE COMMUNITY CHURCH TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 ReBDrne supports Milborne Port Prirnary school and The Gryphon school with GDvernor5hip, and Academic Committees. Our school 'kidz club, which 15 attended by 30 children each week during term time continues. The youth club continues once a week, term time, and this is attended by Year 6 children and senior school aged young people up lu 11. Tliis provide5 a 5&fe warm venue for young people with the aim of buildinÉ relationships and supporting young people in making good life choices. We are a150 keen to help develop voung leaders from within the youth club, giving them responsibility towards the end of the year for ¢Jrganising craft activities. In June we took a larger group to Spree festival, a youth event in Devon, this year numbers increased to ID young people and we hope tc> see that increa5q èach year. This group tamè from youth cliib 8nd rhiirrh. We also attended Satellites youth festival which was held at Shepton Mallet, providing 5 volunteers to supplement the teams running the event. Our Youth worker resigned in July to pursue school work. Truth be Told intergenerational storytelling session% continue successfully in a local care homè. The numbers of families remain stable with some new families arriving and joining u5. We linked with a local school at Christmas for carol singing with the lovely residents of Abbey View Care home. We have linked with a second local nursery this year and we are now providing this service in Forget-me-nDts nursery anLI Harlequins nursery. These sessions are carried out on a monthlylhalf termly arrangement. Those of us linked to Abbey View Care home meet for a network breakfast bi-monthly. This is well attended and the network opportunities are useful. Monthly worship services at the Hayes and Trinity Manor care homes continue, and these are well attended by the residents. Communion 15 served to the residents of Trinity Manor. Mission support continues both nationally and internationally. We 5UPPOrt eight individuals or groups. this has increased thi5 year by adding extra 5UPPOrt to Simon and A15y Harrison in Ethiopia. The Church SUPPDrts CAP Christians Against Poverty, with congregation members being actively involved. This also is duplicated in the local fDodbank and food share initiatives locally. Through this year there have been some changes to personnel of the Trustees Board. Our new Chair Aaron Rigby commenced in January 2024. Caroline Cliffe and Thoma5 Roberts completed their term of Office. Christine Bryer and Michael Riley have been appointed as Trustees. The congregation of ReBorne Community Church continues to remain stable. We have been Sad that a nurnber uf uur LVfi¥lV¥dlioii liave p&ssed away this year. The building renovation work at the Milborne Port venue has continued throughout the year. We have now started using the bLJilding in January 2025. The cost of the building Work has increased over the year and we are now paying back a mortgage taken out. We have set up a working party for accessing further funding for project work and a cafe within the building.
REBORNE COMMUNITY CHURCH TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Activities will recommence within the building through January 2025. We hope that we will be able to bring the vision of a cafe within the building to fruition as soon as possible, this will be dependant on appointments. The Villager5 are very excited about the renovated building and we aim to serve the community from this venue over the next years. Financial revlew The total income for the year was £294.437 12023.. £359,952) inclLJding £128.433 12023.. £110,215) of unrestricted income and £166,00412023- £249,7371 of restricted income. Restricted income 311 relates to the Milijui iir Port Project to completely refurbish the existing property and add an extension. The buildin8 work commenced in 2024 and was completed in January 2025. The total expenditure for the year was £111,790 2023: £112,196). The net resuh for the year was a surplus of £182,64712023-. £247,756) before gains1105ses. After adjusting for gains on property revaluation, the net surplus for the year remained at £182,64712023: £352,756). With regard to finances and forward planning, we anticipate generating revenue through the operation of a coffee shop a5 well as through the hire of the newly refurbished premise5. These income streams will be monitored very c105ely to ensure sustainability and inform future planning. While we do not currently have projected financial figures available, thi5 is an area we recognise as a priority and will be addressing in due course. The trustees have given due regard to Charity Commission guidance and aim to hold £28,000, which is approximately 3 months of expenditure, in reserves. The totèl net assets as 3t the year end were £743,004, and of these, none are restricted reserves as a transfer was made following the capital expenditure relating to the Milborne building. Of the unrestricted general funds, £875,428 is held as tangible fixed assets. However, there is also an associated mortgage on the freehold property owned by the charity, the balance of which is £250,159 at the year end. Taking the mortgage creditor into account, the remaining free reserves held are £117,735. This is in excess of the reserve5 policy and the trustees are monitoring the situation closely with these reserves being held to help cover the charity's future mortgaBe repayment5 and ensure the charity's Iong-term sustainability.
REBORNE COMMUNITY CHURCH TRUSTEE5' REPORT {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Statement of trustees, responslbllltie5 The trustees are re5pon5ible for preparing the Trustee5' Report and the financial statements in accordance with applicablc law and United Kin&daFn Accountin8 Standards (United KiTr8dom Generally ALLrylrLI Accounting Practicel. The law applicable to charities in England and Wales require5 the trustees to prepare financlal staternents for each financial year which Rive a true and fair view of the state of affairs of the tharity and of the incoming resources and application of resourte5 of the charity for that year. In pparIng these financial statements, the trustees are required to.. 5elert suitable accounting policies and then apply them con515tently,' observe the methods and principles in the Charities SORP,. make judgements and estimates that are reasonable and prudent,. State whether applicable aecounting standards have been followed, subject to any material departure5 diJc105ed and explained in the fin8nci815t8tements,' and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping sufficient accounting record5 that disclose with reasonable accuracy at any rltne the flnanclal poslilon of the charity and enable them to ensure that the financial statements comply wlth the Charities Act 2011. the Charity (Accounts and Reports) Regulation5 2008 and the provisions of the trust deed. They are a150 responsible for safeguarding the assets of the charity and hence for tak*ng reasonable steps for the prevention and detection of fraud and other rregUlarItIes. The trustees, report was approved by the Board ol Trustee5. MrsASPark Trustse Date..
REBORNE COMMUNITY CHURCH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF REBORNE COMMUNITY CHURCH I report to the trustees Dn my examination of the financial statements of Reborne Community Church (the charity) for the year ended 31 December 2024. Responsibilities and basi5 of report As the trustees of the charity you arè responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Art). I report in respect of my examination of the charity's financial statements carried out under section 145 Df the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission ullder section 1451511bl Df the 2011 Act. Independent examiner's statement Since the charity's gr055 income exceeded £250,000 your examiner must be a member of a body listed in Section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of, which is one of the listed bodies. Your attention 15 drawn to the fart that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS ia21 in preference to the Accountpng and Reporting by Charities.. Statement of Recommended Practice issued on l Apri5 2005 which is referred to in the extant regulations but has now been withdrawn. l understand that this has been done in order for financial statement5 to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after l January 2015. 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 that IN any material respect.. accounting records were not kept in respect of the charity as required by section 130 tsf the 2011 Act.. or the financial statements do not accord with those record5; or the financial statements 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 reqLJirement that the accounts give a true and fair view whlch Is not a marter considered 35 Pdrt Df dri independent examination. I have no concerns and have come across no Dther matters in cc>nnection with the examination to which attention should be drawn in this report in OTder to enable a proper urlderstanding of the financial statement5 to be reached. Mrs S Truran FCCA FCA 2 Barnfield Crescent Exeter EXI IQT Dated: i kni£
REBORNE COMMUNITY CHURCH STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unresrrlcted Re5trlcted fund5 fund5 2024 2024 Total Unrestrlcted Re5trlcted funds funds 2023 2023 Total 2024 2023 Notes Income from.. legacies Charitable activities Other trading 118,904 2,180 161,450 280.354 2,180 104,810 247.117 351.927 5,768 1.481 5,768 4,362 1,n4 4,362 Othpr incom 4.5£4 ?.fi?n Total income 128,433 166,004 294,437 110,215 249,737 359,952 EM enditure on.. Charitable artivitie5 103,930 7,860 111,790 108,885 3,311 112,196 Net incoming resources before transfers 24,503 158,144 182,647 1,330 246,426 247,756 Gross transfers between fund5 375,179 1375,1791 32,657 132.6571 Net incominglloutgoingl resources 399,G82 1217,03Jl 182,G47 33,987 21J,7G9 247,756 Other recognised gains and1055es Revaluation of property 105,000 105,000 Net movement in funds 399,682 1217,0351 182,647 138,987 213,769 352,756 Fund balances at I January 2024 343,322 217.035 560,357 204,335 3,266 207,601 Fund balances at 31 December 2024 743,004 743,004 343,322 217,03J JGO,JJ7 The statement of financial activities includes all gains and losses recognised in the year. All income 3nd expenditure dorive from continuing activities.
REBORNE COMMUNITY CHURCH BALANCE SHEEr AS AT 31 DECEMBER 2024 2024 2023 Notes Flxèd assèts Tangible assets 875,428 279,241 Current assets Debtors Cash at bank and in hand io 12,851 157.938 634 482,102 170.789 Creditors: amounts falling due wSthln one year 382,736 154,7431 151.6201 Net current assets 116.046 331,116 Total assets less current Ilabilltles 991,474 610,357 Creditors: amounts falllng dye after moTr than one year 13 1248.4701 150,0001 Net assets 743.004 560.357 Income funds Restricted funds Unrestricted funds General Unrestricted funds Revaluation reserve 14 217.035 638,004 105.000 238,322 105,000 743.004 343,322 743,004 560,357 -1 IL3Ls The financial statement5 were approved by the Trustees on ......................... MrPJ Kelly MrsAS Park Trustee Trustee
REBORNE COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Atcountlng policies Charity Information The charity is limited by guarantee, incorporated in England, and consequently h3s no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity including any member Df the CIO within 12 month5 before the commencement of the winding up. The charity is registered in England and Wale5. 1.1 Accounting convention The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic ot Ireland" I'FRS 102,1 and the Charities SORP 'AccDunting and Reporting by Charitie5.' Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Irelarid IFRS 1021 (effective I January 20191. The CIO meets the definition of a public benefit entity under FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement Df Cash Flows. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the trustees have a re350nable expectation that the charity has adequate resource5 to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern b35is of accounting in preparing the financial statements. 1.3 Charltable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objertives. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and use5 of the restricted funds are set out in the notes to the financial statements. 1.4 Income Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the atriuuiils Ldll b¥ ITl¥dsuièd ieliablyi aiid it 15 probable that income will be received. Cash donations are recognised on receipt. Other dollations are recognised once the charity has been notified of the dtsn8tion, unless performance conditions require deferral of the amount. Income tèx recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time Df the donation.
REBORNE COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OECEMBER 2024 Accountlng policies Icontinuedl 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measLJred reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct Costs and shared ctssts, including support C05t5 involved in undertaking each activity. Direct Costs attributable to a single activity are allocated dirertly to that artivity. Shared costs which contribute to more than one activity and 5UPPOrt costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are 3llocated on the portion of the a55et's use. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. DepreciatiDn is recognised so as to write off the cost or valuation of assets less their residual values over their useful live5 on the following bases.. Freehold land and buildings Fixtures and fittings Computers None 15% Reducing Balance 3 Years Straight Lille The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recoRnised in the statement of financial activities. 1.7 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.8 Financial instruments The charity has elected to apply the provisions of SectlDn 11 'Ba5ic Financial Instruments, and section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
REBORNE COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies Icontinuedl 1.9 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's Services are received. Terminatioll benefits are recognised immediately as an expense when the charity is demonstrablv committed to terminate the emplc)yment of an employee or to provide termination benefit5. 10-
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REBORNE COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Charitable artivities 2024 2023 Weekend away Youth spree 1,425 755 2,180 Other trading artlvities Unrestricted Unre5tri¢ted funds funds 2024 2023 Cafe income 5,768 4,362 12-
REBORNE COMMUNITY CHURCH NOTES TO THE FINANCIALSTATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Chaiitable activitle5 Charitable Charitable Expenditure Expenditure 2024 2023 Depreciation and impairment Mission Giving staff cost5 Children and Youth 592 13,383 56,055 .411 1,441 244 14,843 57,007 It),847 768 729 Licences Equipment Repair5 and maintenance Safeguarding Computor software Insurance Light and heat Phone and internet i¥y I,yJ / 255 407 944 884 1,611 2,613 937 478 2,530 1,816 696 333 3,327 1,920 171 Printing, postage and stationery Legal and professional Independent examination Bank charge5 Mortgage interest Premises hire Cafe expenses Staff training Travel & sundry 4,908 1,128 170 5,966 10.995 2,894 870 7,391 3,498 2,000 192 606 111,790 112,196 111,790 112,196 Analysis by fund Unrestricted funds Restricted funds 103,930 7,860 108,885 3,311 111,790 112,196 14-
REBORNE COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Employees The average monthly number of employees during the year was.. 2024 2023 Number Number There were no employees whose annual remuneration was more than £60,000. Tamation The charity is exempt from tax on income and gains falling within section 505 of the Taxe5 Act 1988 or section 252 of the TaxatlDn of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. Tangible fixed assets FrEehold land and buildiff8S Computers T()tal Cost At l January 2024 Additions Revaluation 174,241 593.101 105,000 174,241 596,779 ID5,000 3,458 220 Al 31 December 2024 872,342 3,4i8 220 876,020 Depreciation and impairment Depreciation charged in the year 519 73 592 At 31 December 2024 519 73 592 Carrying amount At 31 December 2024 872,342 2,939 147 875,428 At 31 December 2023 279.241 279,241 Freehold property was revalued on 17 November 2023. If the property had not been revalued, it would have been shown at its historic cost of £135,000. 15-
REBORNE COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 10 Debtors 2024 2023 Amounts falling due within one year: Prepayments and attrued income 12,851 634 11 Loans and overdrafts 2024 2023 Bank loan5 Other loans 250,159 50,000 loo,000 300,159 loo,000 Payable within one year Payable after one year 51,689 248,470 50,000 50,000 12 Creditors.. amounts falling due withln one year 2024 2023 Notes Bank loans Other borrowings Accruals and deferred income li 1,689 50,000 3.054 50,000 1,620 54,743 51,620 13 Creditors: amounts falling due after more than one year 2024 2023 Notes Bank loall5 Other borrowings li 248,470 50.000 248,470 50,000 16
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REBORNE COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 15 Analysis of net assets between funds Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restrlcted funds funds 2023 2023 Total 2024 2023 Fund balances at 31 December 2024 are represented by: Tangible assets Current 875,428 875,428 279,241 279,241 116,046 1248,4701 116,046 1248,4701 64,081 267,035 150,0001 331,116 150,0001 Long term liabilities 743,004 743.004 343,322 217,035 560.357 16 Related party transactlons No trustees were paid any remuneration or reimbursed for expenses during the year. A total of £7,020 was received in donations by the charity from trustees during the year. Tom Roberts is a director of Tom Roberts Associates Limited and a trustee of the charity. The company offered service5 to the charity totalling £4.950. 18-