RECISTERED COMPANY NUMBER: CE027(th (England and Wale51 REGisfERED CHARITY NUMBER: 1196282 rt of the Tnjstees and naudittd Financial Statements ?O?I to 31 December20 Chu Andrew S Parker 16 Fourjdry Close Halton Lancaster Lancashire LA2 6FE
urch on the Wa onten f the Financial Statemen tober ?0? I to l Decernber ?OL? Page Rewrt of the TTUStees Independent Exarninees Report St*meTrt of Financi Aaiviiies Balance Sheet Noks to the Fjnancial Swernent5 8 to 11 Detailed Staiement of Finon¢ial A¢tivities 12 tts li
Church on the Wa Ihe Trustees for the Period ?6 Octo 21 31 December 2022 The trustees who are also directors of th¢ ¢harity for the purpose5 of the Companies Act 2(N)6. present their repot1 with ihe financia] siatements of the charity for the period 26 Oaobet 2021 10 31 December 20?2. The trustee5 have adopted the provisions of Ac¢ouniing artd RerK)rting by Charities.. Statement of Recornmended Prncti¢¢ appli¢able to charities pr¢paring their accoLEnts in accordance with the Financia] Reporting Stsndard appli¢able in the UK and Republic of Ireland {FRS 10?) leff¢ciive l January 20191. INCORPOFL4TION The ¢haritable cotnpany w&5 incorpordted on 26 October 2021 and commenced trading on l January 2022. OWECTIVES AND AcfiviTIES Obje¢tivu and asm$ The ObJt of the charity is for the publi¢ benefit. the advancement of the Christian faFth in Bradford West YoTksh¥Te and such other parts of the United Kingdorn and the world. Signtficant a¢tivities The purp(kk of the charity is to advanc¢ lh¢ Christian faith. This is done through weekly Sunday services with a Strong etnphasis on Chrisiian wotship and the teaching of the bible, with meetings at the same time for children and young people. During the week we also Jijn bible studies, prnyermeeting& children's group$ 2nd mttm and toddler gatherings. The net assets of Church on the Way. the reoistered Place of Worship, were transferred into the chartty at net book yu¢ in January 202? Public benefit Having regard to the Charity Commission guidance on Publi¢ B¢nefJL the Tnjstees are confident that all our charitable activities are undettsk¢n to fvrther our charitableobjectives for the public benefjt FINANCIAL REVIEW ReseeS poliry The Charity's reserve policy is to hold sufficient funds in reserv¢ to ¢nobl¢ th¢ ¢harity to operdte fora period of six months if no other fvnds were available The charity's total in¢oming resources for the period were £161,843 and its iofai outgoing reSOueS were £142.855 resulting in incoming resources of £18,988. The ¢haTity'5 net assets at the period end were £)8.977. rRucfuRE, GOVERNANCE AND MANAGEMENT Governints document The charity is conttDlled by its goveming do¢umenL a deed of trusL and ¢onsiiwtes a limited company, limited by gua]1¢4 as defined by the Companie5 Act 2006. Re£rnitment and app)intment of new trnstees N•¥ Trust¢¢s arr appointed in COE]sultation with the Elders. These are recTUited from within th¢ Chweh and need to adhere to specific conditions laid down in Scripture. Organisational strurture The Trustees delegate the operational aspects of the Charity to the Elders. The Elders work wilh the Pastor and a signifiL7Jrt nuTRber of volunteers to deliver the charitable activities throughout the year. The extensiv¢ nllmber of volunteers are suF¢tvised by the Elders in all they do and are encouraged to be trdined and equipped ftsr the spe¢ific charitable a¢tivitie5 that thty deliver. Page I
Churrh on the Wa ort of the T tee for the Period 26 (kEober 2021 to 31 December 2 STRL'CTURE, GOVERNANCE AND MANAGEMEKr InduetioTh and trdining of new trnstees Most Trustees 2r¢ alr¢ady famil5 with the practical wot of the Charity but new Trustees will be invited to spend some time observing the different aspe¢ts of the work by meeting Pa5tor&l staff and volunteus on a regular basis. New Trustees will spend some titne with the P&stora] stsff and the Chaii of Trustees looking at the role of a Trustee. the Goveming Documents, fin3n¢ial infomiaiion and discu5sin8 fiJtur¢ plans. Risk m4rtggement The trustees have a duty 10 Jdentify and review the risks to which the charity is ex]x)sed and to ensuJE appropriate controls are in place to provide reasonable assurance againsi fraud and eTfoT. REFERENCE AND ADMI INigfRATtVE DETAILS Rl$l¢red CompaMy number CEO?7000 {England and Wales) Registered Chrity nurnber 1196282 Registered offite Church on the Ivay 156 Bradford Road Idle Bradford West Yorkshire BDIO 8SA Trustees M Brook (apwinted l.1.231 N J Tophatn (appointed 26.10.?11 D Barlow (appointed 1.1 ?3) T T Cooper (appointed l.1.231 C Kin- (appointed l. l.J? I J Townend lapwinled 1.1 ?31 J A Hullon lappointed l.1.2il F J B7mies lappoinied 26.10.21) D M Chadwick (appointed 26.10 ?11 Compavy Secretary Independent Examiner Andrew Parker FCA Andrew S Parker 16 Foundry Close Ht0 Lancaster Lancashire LA2 6FE STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees {who aTe a150 the directors of Church on the Way for th¢ pUrSeS of company law) aTe responsible for pparing the Report of the Trustees and the financial statements in accordance wtth applicable law and Uniled Kirtgdom AoUrng stsmdds (Unitrd Kinodom Generally A¢ttpted Accounting Practice). Pag¢ 2
STATEMENT OF TRusfEES' RLSPONSiBILmFS. cotiti4ued Company law ro4llinq tbe to Prepare finttn¢i statern for ca¢b year whi¢b give a thi¢ alld fair view of th¢ state of affairs of the chgritsble ¢on)paay aud of the in¢omin8 reSoLwC and appixcation tsf resotJT¢es, including . sd¢ct witable alD8 po]i¢ie8 aDd then apptytbem . observe th¢ methods and PTinciples in the Cbarity SORP. . make judgemems and c5tiot¢S that arernsooabl¢ aTMI pnthD¢ . pware the fiDarJcial statem¢nts on tbe 8Oill8 concern basis it is IllapF to pftme that the th*itable the ftt4llci pojition of th¢ ¢baritsbl¢ comw and lo ble tbern to eJL8ure that th¢ finatt¢ia] staknnents comply with the Companias Act 2006. They are a]so rwsil)le for safe• the assets of tbe ehorithble company and for reasojuble 8tw fortheprEvenlionalld dthtion offrawj and othttiwanfi. ApproY>Jby ordtyof th¢ trt)hTdOfthtre8 on 16 Septeth2023 on its b¢balf by.. NJ Tophaw. IbJst¢e Page3
Inde endent Exarninerfs Re Chureh on the W Independent examiner's report Éo the trnstees of Church on the Way ethe Compgny.) I report to th¢ eharity trustee5 on my exaMinln of the acwunts of the Company for the peri 26 October 2021 (0 31 December ?0?? Responsibilltles amd basis of report As the charity's trusiees of the Cotnpany land also its directQJ5 for the pyryy)ses of Company lawl you are responsible for the pr¢paraiion of the accounts in a¢wrdance with the requirernent5 ofihe Companies Act 2006 (the 2006 Act'}. Havtng satisfied my5¢1f that the accounts of the Company are not required to be audited under Part 16 of the 21K>6 Act and are eligible for indq)endent exalation. I r¢p)rt in respect of my examination of your charity's a¢counts as ¢artied out under Set¢ion 145 of ihe Charities Act ?01 I Ilhe 2011 Att'l. Tn caTrying out my exatninaÉion I have followed the Directions given by the Charity Commission under Section 145151 {b) of the 2011 Act. IndependeTrt examiner's statement I have completed my examination. I confjrm that no matters have come to my attention in connection with the exwnination giving me ¢xuse to believe= a¢¢ounting record5 were not kept in respect of th¢ Company as required by Section 386 of the 2006 A or the accounts do not accord wilh ihose records; OT the accourtts do not comply with the accounting reqllirements of Sectiot) 396 of the 2006 Act other than any requirement thai the accounts give a true and fair view which i5 not a matter considered a5 part of an independent examination; or Ihe accounts have not been prepared in a¢¢ord3n¢e with ihe m¢thods and prin¢*ples of ihe Ststement of Recommended Prdciice for accounting and rew)rting by charsties lapplicable to charities preparing their a¢¢ounts in accordance wilh the Financial RekKTrrting Stsndard applicable in the UK and Republi¢ of lffland IFRS 10?)). I have ntr concerns and have com¢ across no other matt¢rs in connection with ih¢ examination to whi¢h an¢ntion should be dr3wn in this report in orderto enable a proper understanding of the accounts to be reached. Andrew Patker FCA Andrew S Pwker 16 Foundry Close Halton Lancaster Lanca8hire LA2 6FE 16 September 2023 P¥e4
hur¢h on the Wa tatement T the Period ? ancial Activitics 02110 31 December 2022 Unrrstricted fund Restricted fund Total funds Notes INCOME AND ENDOWMENTS FROM D0Ji0$ and legacies 101,164 44.15? 145016 Other trading athivitie5 Other incorne 8,306 8221 8006 Totsl 117.691 44,15? 161,843 EXPENDITURE ON Raising fund5 3.485 3.485 Ch4ritablt activitie5 Donations PMiseS tosts Other Costs Stsff costs 17J75 14,330 5.799 29511 42.982 60.357 14J30 5.799 29,511 Oilkr 29,373 Totsl 99.873 141855 NET INCOME 17,818 1,170 18.988 RECONCILIATION OF FUNDS Totsl fvnds brought forward 889,989 889,989 TOTAL FU]YDS CARRIED FORWARD 907.807 1.170 908,977 The notes forn) part ofthese financial statements Page 5
Church on the W alance Sheet 11 tkcember 2022 UnTe5tTSCted fund Restricted fund To funds Notes FIXED ASSETS Tangible assets 1.415.577 1,415,577 CURRENT ASSETS Stock5 Debtors C&sh at bank 900 5,600 43.458 5,600 42,288 1.170 48,788 1.170 49,958 CREDITORS Amounts falling due within one year 1?7,6?7} 127,627) NET CURREwf ASSETS 21.161 1.170 TOTAL ASSETS LESS CURRENT LIABILITIES 1.436.738 1.170 1.437.908 CREDJTORS Atnounts falling due after moty than one ye8r 10 1528,9311 1528.9311 NET ASSETS 907.807 1,170 908,977 FUNDS Unre5trict¢d funds Rtstricted fvnds 907,807 1,170 TOTAL FUNDS 908.977 The charitsble Company is entitled to exemptiott from audit under Section 477 of the Companie5 Act 2 for the period ended 31 December ?0?? Thr tNember5 have not required the company to obtain an audit of its financi stements for ihe period end 31 December ?022 in accordance with Section 476 of the Companies Ad 21M)6. The trustee5 acknowledge theÉr responsibilities for (a} ensuring that the charitAble company keeps accounting records that comply with Sections i86 aTbd J87 of the Companies Act ?006 and preparing financial statements which give a true and fwr view of the slate of affair5 of the charitable company as at the end of each financial year and of its surplus or deftcit for each firtancial year in accordance with the requirements of Seciions 394 and 395 and which tstherwise comply with the requirements of the Companies Aci ?006 relating to financial $ements, so far as applicable to the charitable company. (b) The notes forni part of these financial staiemenrs Page 6 continued...
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Church on the Wa Notes to th¢ Financial Statemen for the Period 26 OctobeT ?O?I to 31 December 2022 ACCOUNTING POLICIES B4sis of prepartng the financial statements The financial statemen(s of the ¢haritsble comwy. which is a public benefit entity under FRS 102. have been prepared in accordance wth the Charities SORP (FRS 102} 'A¢¢ounting and Rep)rting by Charilies.. Statement of Recommended Ptactice applicable lo charities preparing thetr accollnts in accordanee with the Finwcial Reporting Swjdard applicable in the UK and Republic of Ireland IFRS 10?) l¢ffectiv¢ l January 2019}', Ftnancial Reporting Stsndard 102 'The Financial Reportinu Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The finan¢ia] statements have been pttpared und¢r the hisiori¢a] ¢osi convention. Ineome All incom¢ is reco.]Sed in the Swcment of Financial Artiviiies once the charity has entitlement to the fund& it is probable thai the income will be etiVed and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as stn as there is a legal or consrwciiv¢ obligation committing the Chity to that expendawre, it is probable that a transfer of economic benefits will be required in settlement artd the amollni of the obligation ¢an be measuTed reliably. Expenditure Is a¢¢ounttd for on an accnjals basis and ha been cl&85ified undtt headings that aggregate all cost relaied to the category. Where costs cannot be diTectly attribtsted tr> particular headings they have been allo¢ate4 to artivities on a basis consistent with the use of resource5. Tngibk fixed assets Depreciation is provided at the followng annual Tates in order writr off each asset over its estimated usefvl life. Plani w)d machinery Office equipmetkt I10 on cost on cost Stocks Stotks are valued at the lower of ¢ost ond n¢t realisable valu< afier making due a]lowance for obsolete and slow moving items. TatiO The charity is exempt from cojpordtion tax on its charitable activities. Fllnd accouniing Unrestricted funds can be used in attordance with the charitable objectives at the di110n of the tnjstees. Restricted funds can only be used for particular restricted purpoK5 Wlthin th¢ objects of the charity. Resthctions arise when specified by the donororwhett funds ajr rais¢d for particular restrIed purposes. Further explanation ofthe nature and putpose of each nd is included in the notes to the financial stat¢ments. Pension costs and other w5t-retirement beneftts The chariÉable company optt5 a defjned corktribution pension s¢h¢m¢. Contributions payabl¢ to the charitable company's pension scheme are charged io the Statement of Finan¢ia] Activities in the period to which they ree. Page 8 contiTrued...
Church on the Wa Notes to the Financial Statements- continued forthe Period 96 October 2021 l De¢ernber 2022 OTHER TRADING AcfiviTIES Bwkshop income 8,306 NET INCOMEI(EXPENDITURE> Net incomel{expenditurel is stated after chargEn(CredItingI'. Depreciation- owned assets 3.425 TRUSTEES, REMUNERATION AND BENEFITS There were mJst¢es' r¢munerntioo or other benefits for the period ended 31 De¢tmb¢r 2022. Tntee$. expet)ses There were no trustees, expenses paid ftsrthe period ¢nd¢d 31 De¢ember2022. STAFF COSTS The average monthly numb¢r of employees during the period w as follows.. P&stgr No employees ¢tiVe emoluments irh extrss of £60.000. TANGIBLE FIXED ASSETS F]Yehold property Plant and machinery Office equipment Totsls cosr At ?6 October 2021 Addition5 1.400,000 31550 1,432,550 852 852 At 31 December 2022 1,400,1100 3?.550 852 1.433.40? DEPRECIATION At 26 Octtsber 2021 Charge foryear 14,400 i.255 14,400 j,4?5 170 At 31 December ?022 17.655 170 17.825 NET BOOK VALUE Ai 31 December ?092 1.400.000 14,895 682 1,415,577 The &55et5 from Church on the Way. Ihe jegistered Pla¢e of Wornhip, were transferred intt> this Chariry in January 9022. Page 9 continued...
Church on the Wa Noles to the Financial Staternents- continued e Period ?6 October 2021 to 31 DeceTnber 2022 STIKKS Stock5 900 DEwfoRS: AMOUNTS FALLif4G DUE WITHIN ONE YEAR PrepaYmets 5,600 CREDITORS: AMOUP4TS FALLING DUE WITHIN ONE YEAR Bank loan5 and overdrafts (see rtote I l} Social security and othertaxes Other creditors A¢¢ThiS and defeed income ?0,045 4.499 27,6?7 io. CREDITORS: AmoNTs FALLING DUE AFfER MORE THAN ONE YEAR Bank loans (see note I I I 528,931 ii. LOANS An aJu]ysis of the maturity of loaThs is given below.. Arnounts falling du¢ within one year on demand- Bank loans 20,045 Amounts falling between one w)d Yea.. Bank loans- 1-2 years 20,1)45 Atnounts falling due between two and fjve years.. Bank108ns- 2-5 years 60,132 Amounts falling due in more than five yez]¥'. Repayable by in5talments'. Bank loans more 5 yr by instsl 448,754 12. MOVEMEwf IN FUNDS Net At ?6.10.21 rnovernent in funds At 31.1? 22 Unrestricted funds Genetal fund 889,989 17.818 907,807 Restricted funds General R£stricted 1.170 TOTAL FUNDS 889.989 18.988 8,977 Page 10 ¢ontinued...
Church on the W Notes to the Finalltial Stst¢m¢nts- continued , od ?6 October 2021 t I tk¢eTnber 2022 12. MOVEMENT IN FUNDS- continued Net movement in nd1 included in the aknve are os follows= In¢oming resources Resources expended Movement in ndS Unrestricted funds General Thd 117,691 (99,873 } 17.818 Restricted funds General Restricted 44.152 14?.9821 1.170 TOTAL FUNDS 161.843 1142.8551 18,988 13. RELATED PARTY DISCLOSURES The]e w¢re no lated party trdnsactions for the period ended 31 December 2022. Pagell
bUh on th¢ Wa Detailed Stat¢rnent of FIaNCial Activities forthe Period ?6 er 2021 to 31 December ?02? INCOME AND ENDOWMEp¥rs Donations and legaeies Tiihes and offerings Donation5 Gift aid 1?4,0?2 6.600 14,694 145.316 Other trading 4¢tiYrtie5 Bookshop income 8J06 Other income Rwm hirt Tot41 in¢on)ing resources 161.84) EXPENDITUR Other trxdirtg #divitie5 Botsk5hop purchases 3.485 Charitable &ctiTrities Wages P¢nsions Rates and water Insuran¢¢ Light and heat Telephone Posia8e and stationery Gifts and donation5 Cleaning Dal and professional fees Repairs and renewals Speaker costs Children's ministy Catering costs Li¢en¢es and pemhits Cofftputer costs Website costs 3.127 3,944 13.7?] 751 905 45.83? 665 3.358 4.936 1,394 ?42 804 85 100 109.995 Support tosts Finanee Bank charges Bank interest Bank loan interest 4,598 21.i50 ?5.950 This p3ge does rtoi form part of the stxtutory financial statement5 Page12
Church on the Wa Detailed taiement of Fin ¢iaJ Aaivilies f r the Period 26 October ?021 to 31 December 20•2 Finance Other Plant and machinery 3,4?5 Totsl resources expended 14?.855 Ntt income 18.988 This page does not form part of the Matutory financial statements Page 13