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2023-09-30-accounts

CATCH THE FIRE THREE RIVERS

FINANCIAL STATEMENTS

FOR

30 SEPTEMBER 2023

Charity Number 1192294

FINANSURE LIMITED

2 Sheppard Street, Brymbo, Wrexham, LL11 5FF

CATCH THE FIRE THREE RIVERS

FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2023

CONTENTS PAGES
Charity information 1
Trustees’ annual report 2 to 6
Independent examiner’s report 7
Statement of financial activities 8
Balance sheet 9
Notes to the financial statements 10 to 14

Page 1

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CHARITY INFORMATION

The board of trustees Thomas D Allsop David A Richards Kieron P Densham Registered office 14 Artichoke Dell Dog Kennel Lane Chorleywood Rickmansworth WD3 5EG Independent Examiner Luke Howson MAAT Finansure Limited 2 Sheppard Street Brymbo Wrexham LL11 5FF

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TRUSTEES’ ANNUAL REPORT

YEAR ENDED 30 SEPTEMBER 2023

Annual Report 2023 Catch the Fire Three Rivers Charity Registration number: 1192294

The Charity is a charitable incorporated organisation (CIO) governed by its foundation constitution document and registered with the Charity Commission for England and Wales on 11[th] November 2020. This is the third year of activity for the Charity.

Trustee Appointment and Selection

The memorandum provides for a minimum of three Directors and a maximum of 9. The Directors are responsible for the appointment of new members. New Directors would be briefed on their legal obligations under charity and company law, the content of the Constitution, the decision-making processes and the recent performance of the charity.

Trustee Selection from the Constitution of the CIO:

(1) Apart from the first charity trustees, every trustee must be appointed by a resolution passed at a properly convened meeting of the charity trustees.

(2) In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.

Aims and Purposes

To advance the Christian religion for the benefit of the public throughout the Three Rivers area, and throughout the United Kingdom or internationally as the trustees from time to time may see fit, in particular but not exclusively through the holding of prayer meetings, lectures, public celebration of religious festivals, providing pastoral care and carrying out missionary and evangelistic work.

Achievements and performance

The trustees have given due regard to the Charity Commission’s guidance on public benefit. At the broadest level, the Charity believes its activities are in the public benefit because it seeks to advance the Christian religion, which provides a robust moral and ethical framework to live by, and emphasises values that encourage public service, kindness and compassion.

When planning our activities for the year, the pastor and trustees have considered the Charity Commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. Activities include:

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TRUSTEES’ ANNUAL REPORT (CONTINUED)

YEAR ENDED 30 SEPTEMBER 2023

.

In addition to this, the activities of the Charity benefit the public in many ways, for example – both volunteers and attendees learn transferable skills which can be taken back to their local communities.

The trustees have complied with the duty in section 4 of the Charities Act 2006 to have due regard to public benefit guidance published by the Commission. We have regard to both the Charity Commission’s general guidance on public benefit and the advancement of religion for the public benefit. The trustees always ensure that the activities we undertake are in line with our charitable objects and aims.

Continuing into our third year of operations in advancement of our charitable objectives has been successful. We have seen an increase in members and accordingly, the volunteers willing to contribute towards the aims and objectives of the charity.

Coming fully out of the lockdown has enabled many who were feeling isolated and lonely to be able to both contribute to and benefit from a sense of community within the charity’s members.

We have again taken on a placement student from the local theological college with the aim of them being given opportunities to explore their vocational calling within church ministry.

We had midweek fellowship and pastoral groups, and provided bible teaching and social media live sessions to keep people as connected as possible, benefitting not just our immediate church community but a wider audience also.

Weekly worship services - We have been meeting in person at Arnett Hills School since we began public meetings. Having transitioned out of the lockdown restrictions our aims were to provide a point of connection for those in the church and the community. We have been pleased to see the numbers of attendance grow over the last year as we have made connections in the community.

Our new monthly ‘family breakfast’ weeks are proving very popular, which include a shared breakfast followed by all age worship and bible study. Each age group has provided positive feedback on these weeks.

Missions - We contributed church resources and personnel to assist the parent teacher association in various fund-raising activities for the school. The church also contributed funds towards the work of a local charity, Restore Hope Latimer. We have contributed time and resources to a churches together holiday camp called Detonate that facilitates a 5 day bible camp locally in Chorleywood. Tom has joined the leadership team for detonate and we have a number of volunteers who help in varied capacities during the event.

Children's church - Children’s church has been one of the highlights of our year. We have had so many children regularly attending that we have employed children's workers to run sessions on Sunday mornings. We believe this has enabled us to advance the children’s knowledge and understanding of the Christian religion as well as provide them with a safe place to have

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TRUSTEES’ ANNUAL REPORT (CONTINUED)

YEAR ENDED 30 SEPTEMBER 2023

fun within their community. This is also a blessing to the parents as they get a chance to receive teaching and fellowship for themselves knowing that their children are being well looked after in the kid’s groups. The Sunday school has provided an excellent opportunity for the children to advance their own faith. At the end of this year we said goodbye to our current kids team, who are graduating from bible school, or are moving to join the church of England Ordination process. We’ve been delighted that we have been able to offer roles to 2 new applicants who started roles in September 2023.

We have formalised some roles this year, including a leadership team of 5, and appointing an associate pastor for kids and families. This is a fantastic step forward as we draw on the gifting and talents of those in our community.

Midweek support groups - Our midweek support groups have been another point of connection available to anyone within the church. This has helped us to ensure we are fighting loneliness in our community. It has also been one of the main ways we have provided pastoral support to attendees as is one of our stated Charitable Purposes.

The midweek groups include parent and child play mornings and coffee mornings for those retired or out of work, which has increased the well being of the community. We also had a number of shared daily bible plans running throughout the year where the congregation could encourage each other daily.

We held well attended Easter and Christmas family events, which we advertised locally which resulted in a larger than normal group from the local community enjoying the events and learning about the meaning of these holidays.

Plans for the future include developing the children's work into 2 age groups, and also considering some activities for the younger youth. We also plan to do a church weekend away in 2024 to deepen relationships and spend some extended time together, as well as continuing with all the activities we currently have running. We are praying about future plans for a venue change as we continue to grow. We are also hoping for more small group leaders to come forward so we can extend the facility for more people to meet midweek for pastoral support and bible study.

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TRUSTEES’ ANNUAL REPORT (CONTINUED)

YEAR ENDED 30 SEPTEMBER 2023

Structure, governance and management

The Trustees (listed below) have continued to ensure due diligence in all matters relating to the management of CTF3R.

To ensure proper safeguarding, the trustees require all staff and any volunteers to have current DBS checks in place and an independent safeguarding body (called ‘Thirtyone:eight’) continue to provide these checks for us. A volunteer administrator continues to ensure GDPR / Safeguarding compliance.

The trustees meet at least quarterly and are in close contact with the Senior Leaders to ensure the good management and governance of the Church.

Administrative Information

Trustees: Thomas David Allsop David Andrew Richards Kieron Philip Densham

FINANCIAL REVIEW OF 2023

Our donation levels have grown from around £4,000 a month to over £6,000 a month, with more consistent and regular giving from the congregation setting up regular payments. The results for the year ended 30th September 2023 are set out in the attached Financial Statements. Total receipts for the year were £74,202 (2022 - £47,767) and total payments were £60,065 (2022 - £28,659). A surplus of £14,137 arose in the year of which £150 deficit was restricted funds and the remaining £14,287 surplus was unrestricted funds.

Reserves and Risk Management

A reserve of at least three months’ running costs is to be held as a reserve fund, with the aim of targeting a reserve of 6 months' running costs, equivalent to approximately £42,000 compared to the actual general reserves of £34,599 unrestricted reserves at the year end. Our principle form of funds are gifts and standing orders from church attendees and visitors.

The trustees have considered the key operational, financial, and strategic risks that have a bearing on the charity. Suitable management information is available to the trustees on a regular basis to monitor these risks, and allow any mitigating action to be taken to address them.

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TRUSTEES’ ANNUAL REPORT (CONTINUED)

YEAR ENDED 30 SEPTEMBER 2023

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

Charity law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of its financial activities for that year. In preparing those financial statements the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities.

This report was approved by the trustees on 21[st] July 2024 and is signed on their behalf by:

Thomas Allsop Trustee

David Richards Trustee

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REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES

We report on the financial statements for the year ended 30 September 2023 set out on pages 8 to 14.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

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 which gives me cause to believe that in, any material respect:

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.

………………………………….. ………………………………………… 26th July 2024 Luke Howson MAAT Date

Finansure Limited, 2 Sheppard Street, Brymbo, Wrexham, LL11 5FF

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STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 30 SEPTEMBER 2023

Unrestricted Restricted TOTAL TOTAL
Funds Funds 2023 2022
Note £ £ £ £
INCOMING RESOURCES
Donations and gifts 2 73,355 735 74,090 47,567
Income from charitable activities 112 - 112 200
─── ─── ─── ───
TOTAL INCOMING RESOURCES 73,467 735 74,202 47,767
─── ─── ─── ───
RESOURCES EXPENDED
Charitable activities 3 59,180 885 60,065 28,659
─── ─── ─── ───
TOTAL RESOURCES EXPENDED 59,180 885 60,065 28,659
─── ─── ─── ───
NET INCOME / (EXPENDITURE)
FOR THE YEAR 14,287 (150) 14,137 19,108
Transfers between funds - - - -
─── ─── ─── ───
Net movement in funds 14,287 (150) 14,137 19,108
Balances brought forward 20,312 150 20,462 1,354
─── ─── ─── ───
Balances carried forward 34,599 - 34,599 20,462
─── ─── ─── ───

The charity has no recognised gains or losses other than the results for the year as set out above.

All of the activities of the charity are classed as continuing.

The notes on pages 10 to 14 form part of these financial statements.

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BALANCE SHEET

30 SEPTEMBER 2023

Note 2023 2022
£ £
FIXED ASSETS
Tangible fixed assets 8 8,237 2,473
─── ───
CURRENT ASSETS
Debtors 9 4,978 2,802
Cash at bank and in hand 29,857 15,440
─── ───
34,835 18,242
CREDITORS: Amounts falling
due within one year 10 (8,473) (253)
─── ───
NET CURRENT ASSETS LESS
CURRENT LIABILITIES 26,362 17,989
─── ───
NET ASSETS 34,599 20,462
─── ───
FUNDS
Unrestricted funds:
- General reserves 11 34,599 20,312
Restricted funds 11 - 150
─── ───
34,599 20,462
─── ───

The trustees acknowledge their responsibility for:

(i) complying with the requirements of the Act with respect to accounting records and the preparation of accounts;

(ii) preparing accounts which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of its net incoming or outgoing resources for the financial year in accordance with the requirements of the Act relating to financial statements, so far as applicable to the charity.

These financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities and the Financial Reporting Standard (FRS 102 – effective January 2019).

These financial statements were approved by the trustees on 21[st] July 2024 and are signed on their behalf by:

Thomas Allsop Trustee

The notes on pages 10 to 14 form part of these financial statements.

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NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2023

1. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared under the historical cost convention, and in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities and the Financial Reporting Standard (FRS 102 – effective January 2019).

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the trustees for particular 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 charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund.

Investment income and gains are allocated to the appropriate fund.

Incoming resources

All incoming resources are included in the statement of financial activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Gift Aid receivable is included in income when there is a valid declaration from the donor.

No amounts are included in the financial statements for services donated by volunteers.

Resources expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.

Support costs are apportioned to activity/project according to total costs of activities undertaken directly and grant funding of activities.

Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation. Assets are capitalised if they have a useful life of more than one year and a cost value greater than £100.

Depreciation is provided at the following annual rates in order to write off the value of each asset over its expected useful life:

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NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2023

2. DONATIONS AND GIFTS

2023 2022
£ £
Unrestricted donations 66,286 36,907
Restricted donations 735 6,820
Gift Aid tax reclaimed 7,069 3,840
─── ───
74,090 47,567
─── ───

3. COSTS OF ACTIVITIES IN FURTHERANCE OF THE CHARITY’S OBJECTS

Activity or project Activities
undertaken
directly		 Grant
funding of
activities
(note 4)		 Support
costs
(note 5)		 Staff
costs
(note 6)		 Total
2023		 Total
2022
£ £ £ £ £
Church runningcosts 15,019 - 9,939 21,192 46,150 28,209
Missions & giving 1,245 12,670 - - 13,915 450
TOTAL 16,264 12,670 9,939 21,192 60,065 28,659

4. GRANT FUNDING OF ACTIVITIES

GRANT FUNDING OF ACTIVITIES
2023 2022
£ £
Gifts to charities
- Catch The Fire World (USA) 9,419 -
Gifts to individuals
- Missions (UK) - 450
- Pastoral (UK) 1,101 -
- Poverty relief (UK) 2,150 -
─── ───
12,670 450
─── ───

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NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2023

5. SUPPORT COSTS

2023 2022
£ £
Accountancy 915 -
Advertising & promotion 1,384 1,413
Bank charges 268 132
Computer expenses 451 113
Expensed equipment 1,076 390
Dues & subscriptions 700 230
Hospitality 686 2,423
Insurance 207 -
Office expenses 133 189
Professional fees 942 484
Training 250 336
Travel expenses 434 96
Independent examiner’s fee 550 -
Depreciation 1,616 -
Other expenses 327 321
─── ───
9,939 6,127
─── ───
STAFF COSTS
2023 2022
£ £
Wages and salaries 21,078 15,878
Employer’s NIC - -
Employer’s pension contributions 114 79
─── ───
21,192 15,957
─── ───

6. STAFF COSTS

No employee received emoluments, as defined for taxation purposes, amounting to over £60,000 in the tax year or the previous tax year.

The total number of employees in the year was six – one pastoral and five children’s workers (2022 – one pastoral, three children’s workers).

The average number of employees on a full-time equivalent basis was one (2022 – one).

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NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2023

7. TRANSACTIONS WITH TRUSTEES

One trustee, Thomas Allsop, received remuneration of £11,140 (2022 - £4,800) during the year in his role as senior pastor. The charity also contributed £114 (2022 - £79) of pension contributions into Mr Allsop’s pension.

All of the above payments were authorised by other trustees in the absence of the parties concerned and were made in accordance with the foundation document.

The total aggregate donations made by trustees and related parties to the charity during the year was £5,225 including Gift Aid (2022 - £3,463).

8. FIXED ASSETS

Cost or valuation
At 1 October 2022
Additions
At 30 September 2023
Depreciation
At 1 October 2022
Charge for the year
At 30 September 2023
Net book value
At 30 September 2023
At 30 September 2022		 Computer
Equipment
Sound/music
equipment
Other
equipment
Total
£
£
£
£
1,874
1,479
-
3,353
-
6,174
1,206
7,380
1,874
7,653
1,206
10,733
589
291
-
880
625
828
163
1,616
1,214
1,119
163
2,496
660
6,534
1,043
8,237
1,285
1,188
-
2,473

9. DEBTORS

2023 2022
£ £
Gift Aid recoverable 4,959 2,802
Prepayments 19 -
─── ───
4,978 2,802
─── ───

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NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2023

10. CREDITORS: Amounts falling due within one year

2023 2022
£ £
Accruals 8,345 253
Payroll liabilities 128 -
─── ───
8,473 253
─── ───

11. STATEMENT OF FUNDS

At 1 October At 30 September
2022 Income Expenditure Transfers 2023
£ £ £ £ £
Unrestricted funds:
General reserves 20,312 73,467 (59,180) - 34,599
──── ──── ──── ──── ────
Total unrestricted funds 20,312 73,467 (59,180) - 34,599
──── ──── ──── ──── ────
Restricted funds:
Worship students fund 150 400 (550) - -
Special offerings - 335 (335) - -
──── ──── ──── ──── ────
Total restricted funds 150 735 (885) - -
──── ──── ──── ──── ────
Total funds 20,462 74,202 (60,065) - 34,599
──── ──── ──── ──── ────

The worship students fund represents donations give to support students who help with the worship in church meetings.

The special offerings fund represents donations given at church meetings for specified purposes or beneficiaries.