Registered Charity no. 1196337
Rylands Community Church Trustees Annual Report and Accounts
Year Ended 31 March 2024
WYATT & CO
Chartered Accountants 125 Main Street Garforth Leeds LS25 1AF
Rylands Community Church
Year Ended 31 March 2024
Contents Page
| Page | |
|---|---|
| Legal and Administrative Information | 1 |
| Trustee's Annual Report | 2 |
| Independent Examiners Report | 10 |
| Statement of Receipts and Payments | 11 |
| Statement of Assets and Liabilities | 12 |
| Notes to the Financial Statements | 13 |
Rylands Community Church
Year Ended 31 March 2024
Legal and Administrative Information
Reference
The Charity is called “Rylands Community Church”. The Church is registered as a Charitable Incorporated Organisation (CIO) with the Charity Commission for England and Wales and was registered on the 1st November 2021.
Registered Charity Number
Registered Office
1196337 C/O Beeston Free Church Salthouse Lane Beeston Nottingham NG9 2FY
Website www.rylands.org Trustees at 31st March 2024 Neil Johnson David Gilkerson Resigned July 2023 Matthew Robson Benjamin Bradley Stephen Baraniak Andrew Fairbrother Appointed July 2023 Primary Bankers CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Mailing Kent ME19 4JQ Independent Examiner Nigel Wyatt BSC FCA Wyatt & Co Chartered Accountants 125 Main Street Garforth Leeds LS25 1AF
Independent Examiner
1
Rylands Community Church
Year Ended 31 March 2024
Trustee's Annual Report
Overview
The Trustees present their annual report and financial statements of the charity for the year ended 31 March 2024. It contains the following items:
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The annual report of the charity explaining the activities undertaken in the year, how the charity met its public benefit objectives and the way the church is managed.
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The annual financial report for the financial year ended 31 March 2024, the required statements, and notes to the accounts.
The financial statements have been prepared in accordance with the accounting policies set out in the accounts section of the report.
Objectives and Activities
Rylands Community Church (RCC) is situated in Beeston, south–west Nottingham. The church is a small community-based church which is focused on serving all ages. The church is a member of the Fellowship of Independent Evangelical Churches (FIEC) and has adopted the FIEC’s Basis of Faith as the theological basis of its work.
The activities of the church involve the promotion of our beliefs and reaching out to our community and beyond, providing care and sharing our faith. The trustees of Rylands Community Church confirm they have had regard for the Charity Commission’s guidance on public benefit and believe they have met the legal requirement of S17 of the Charities Act 2011.
Objectives
The charitable objectives are: -
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1) The advancement of the Christian faith in accordance with the basis of faith primarily but not exclusively within Beeston, Nottinghamshire and the surrounding neighbourhood; and
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2) Such other charitable purposes as shall, in the opinion of the charity trustees, further the work of the church.
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Rylands Community Church
Year Ended 31 March 2024
Trustee's Annual Report
Aims
Our vision: To be a church community in the Rylands that loves Jesus; growing to be like Him, helping others to know and love Him.
Our mission: To use all that God gives generously and sacrificially, to help more people in our locality, in our nation and across the world to know and love Jesus.
Our values: While we can’t express everything the Bible calls a church to be; we are a church wanting to grow in being:
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Joyfully captivated by God our Father as He speaks to us in His Word, the Bible, depending on Him and delighting in Him.
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Passionate about proclaiming the good news that Jesus Christ is Lord; a message that shapes everything about who we are, what we say, and what we do.
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Other person orientated: empowered by the Holy Spirit we serve others; using the gifts God has given each of us to build-up one another and bless the communities in which we live.
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Generous in mission: Using the resources God gives to partner with others in taking the gospel to the places where Jesus is not yet known, wherever that may be.
Activities that further the Charity's objectives
We don’t have our own building but have a long-term lease agreement with the Trent Vale Infant and Nursery School and we have been glad to welcome the local community to attend or be part of our activities as a charity.
Sundays
On Sundays the congregation at our worship services, which include music, singing, praying and preaching, has continued to grow; activities for children also take place alongside the service. Services are no longer being streamed online but the talk is usually available within 3 days on our YouTube channel, and as a podcast (we will live stream particular service as need demands).
In addition, we meet fortnightly on Sunday evenings for prayer, discussion and further reflection; these meetings have been taking places in the homes of members of our congregation (although sometimes in the hall of Trent Vale Infant and Nursery School).
Weekdays
We provide activities through the week for various groups of people in our community:
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Provision of two youth groups: one group for 11–18 year-olds on alternate Thursdays, and a group for those in school years 5-6 on Sunday afternoons once a half term.
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Provision of a community group for children under 5 and their carers, which meets in a local Scout premises.
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Provision of teaching courses for those seeking to learn more about the Christian faith.
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• An extensive programme of bible study groups, social groups and training involving the volunteers who lead and support these groups.
Many other events take place in the school hall run by Rylands Community Church throughout the year, including holiday activities for children and support events for families providing food, fun and friendship through the-cost-of-living crisis. For this work we have partnered with Transforming Lives for Good (TLG), running ‘Make Lunch’ to provide a weekly hot meal during most school holidays.
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Rylands Community Church
Year Ended 31 March 2024
Trustee's Annual Report
Raising Awareness and understanding our faith
At the centre of all we do as a church is the teaching of the Bible and encouragement of faith in Jesus. Some of the ways this has been done over the past year include: -
Sunday services: services take place each Sunday, at 10am. Alongside the services, groups for children aged 0-11 meet on the school premises led by volunteers
Weekly bible study groups, meeting in local homes and occasionally at the school hall.
Weekly activities for children and young people in school years 5-13 from the church and the local community, provide care, teaching and fun activities.
Throughout the year courses run and individuals meet to work through courses such as Christianity Explored and Hope Explored, to help explain our faith to those who are interested.
A ‘Kintsugi Hope’ course in the spring for members from the church and others from the community to explore ideas and strategies for promoting mental health and wellbeing, linked to faith.
From time to time, we also run events additional events, for example a meal in a local restaurant to help those wanting to find out more about, and engage with, the Christian faith and ask questions.
Encouraging Mission and Outreach
Rylands Community Church remains committed to being outwardly focused, sharing our faith within the local community, more broadly in the UK and through supporting international mission.
Outreach events are held throughout the year, both in the school hall and elsewhere in the local area, to which the congregation are encouraged to invite friends and family; this has included social evenings, a summer holiday club for children and a community carols event in the local pub. We also encourage our members to help with other churches running similar activities.
We continue to support a number of mission associates working in the UK and internationally, and we are currently working through our vision and structures for how we might establish that work further.
Communicating our Faith and purpose
Communicating our faith is a key part of our activities as a church. Many of our activities seek to provide opportunities for those in the local community and beyond to hear the gospel and build the faith of those who believe.
Grant making
One of the ways in which the church fulfils its charitable purposes is through the making of grants to projects which seek to advance the Christian faith within local communities and across the world. The trustees are committed to carrying out due diligence to ensure that funds are applied in accordance with the charity’s charitable purposes and funds are not knowingly used for money laundering, terrorist financing or bribery.
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Rylands Community Church
Year Ended 31 March 2024
Trustee's Annual Report
Volunteers
The large number of volunteers within the church help in every aspect of the church’s work. Many of our members and many of the congregation partner together in our ministries and in practical ways. The members and congregation of the church give in excess of 150 volunteer hours most weeks and the trustees recognise that without this many of the church’s activities could not take place.
Achievements and performance
- Local Mission
The church has continued its programme of regular services and Bible teaching on a Sunday along with several support activities during the week.
The church supports several local, national and international initiatives to care for those in need and to advance the Christian faith.
RCC continues to employ a full time Minister and a part time Ministry worker who has a specific focus on pastoral care for those with acute struggles and helping Christians develop in the care of one another and people in the community. In September 2023, the ministry trainee who was appointed in the year prior finished their employment with RCC and in January 2024 a part time church administrator was added to the staff team.
• Global mission
Support, both financial and pastoral, for existing mission associates that we share with another church in the area, continues.
• National mission
We continue to be part of the FIEC, which is a charity networking churches with similar aims and objectives to that of Rylands Community Church, supporting conferences and training days, as well as playing an active role in partnerships with other FIEC churches in Nottingham.
We also work closely with the Midlands Gospel Partnership, with our staff involved in helping to teach and train up other men and women in the Midlands Ministry Training Course.
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Rylands Community Church
Year Ended 31 March 2024
Trustee's Annual Report
Financial review
I. Analysis of income
The income of the church is primarily donations from church members and those associated with the church with a small amount (£10k) from other charities and some (£0.2k) from activities of the church such as a weekend away in June 2022. Donations to the general fund were £77k. Total income to the general fund was £107k.
II. Analysis of Expenditure
For the 2023 to2024 financial year total costs to the general fund were £112k against a budgeted expenditure of £119k. Significant areas of underspend were global mission, staff costs building running costs. The underspend relating to staff costs accounts for the later than expected start date of the church administrator who was appointed in the autumn but did not commence employment until January. The unspent funds allocated towards global mission have been rolled forward to the 2023 to 2024 financial year. However, due to being unsuccessful in a bid for a building as mentioned earlier, and with no immediate further building prospects identified, no building related expenditure has been included in the 2024 to 2025 budget.
III. Reserves
The trustees set a budget each financial year which is agreed amongst the trustees and approved by the church members. The treasurer and operations team leader have authority to work within this budget. Any expenditure outside the budget is subject to a series of authority limits defined in the finance policy.
The trustees plan to hold the equivalent of two to three months funds in reserve in cash at the bank and in interest bearing deposit accounts, as defined in the RCC finance policy.
The trustees manage the finances of the church to ensure that the financial support of the members and other givers is used to further the charitable purposes of the church. Where the reserves of the church rise above the targeted level the trustees will take action to use the surplus in connection with those purposes. If the trustees know of future costs that justify higher than the policy level of reserves these will be explained in the annual report and will be reported to the church at a church members meeting.
At the end of the 2023 to 2024 financial year the total funds balance stood at 76K which takes into account the general fund balance and the Gospel Growth fund. In total this is approximately 8 months of cover for the overall regular expenditure (budgeted at just under £10k per month).
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Rylands Community Church
Year Ended 31 March 2024
Trustee's Annual Report
IV. Budget 2024-2025
The budget for 2024 to 2025 was approved by members at the March 2024 church members meeting.
Income to the general fund for 2024/2025 is forecast to be 103k. This comprises donations of £77k, and other income of £26k.
Spending from the general fund for 2024/2025 is forecast to be £1394k. This comprises staff costs of £85k, international and UK mission costs of £24k, local mission costs of £3k, youth and children’s ministry, training, partnership and miscellaneous costs of £5k, rent costs of £7k, administration costs of £3k, church gathering costs of £3k and £7k of capital expenditure related to equipment for sundays.
In addition, £5k will be set aside in a designated fund towards gospel growth. This is expected to be used for a building opportunity or used to fund new staff members at some point in the future.
Spending will exceed income by £36k.
V. Investment Policy
No long-term investments are held by the church as the trustees believe the church’s ongoing giving and income is very stable and the trustees consider that it would be possible to take fundraising or cost saving action in good time should it be necessary.
The church’s reserves are held in interest bearing instant access or short notice deposit accounts with reputable financial institutions.
VI. Risks and uncertainties
The church, and its trustees, are potentially at risk from several sources. These risks are managed so as not to expose them to undue risk and trustees are kept informed so that they are able to deal with any situations that may arise. Risks are assessed and mitigated against on an ongoing basis.
The future
In the coming year the trustees and members of the church have agreed a deficit budget, planning to use some of the excess reserves to fund activities which enable the purposes of the charity to be fulfilled. The trustees are targeting returning to levels of 2-3 months reserves over the next 2-3 years.
RCC are grateful for being able to use Trent Vale Infant and Nursey School for Sunday gatherings and occasional other events, however opportunities for a permanent building will continue to be pursued.
Additional staff members will be considered in future to help to grow the ministry of the church.
As an independent church, RCC is considering how best to share the Christian faith locally, nationally and internationally through direct involvement and partnerships with other individuals and organisations.
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Rylands Community Church
Year Ended 31 March 2024
Trustee's Annual Report
Structure, governance and management
Rylands Community Church is a Charitable Incorporated Organisation (CIO) registered in November 2021
The church is governed by a Constitution and Rules. The church is a member of the Fellowship of Independent Evangelical Churches (FIEC).
Church membership
Church membership is open to Christians who are willing to be in active partnership with the church in the work of the gospel. At the year-end church membership stood at 43. The church members meet regularly to conduct business meetings.
Organisational structure
The church membership elects, from its number, individuals to serve as church officers, who form the trustee body made up of at least a Chair, a secretary and a treasurer. These officers are called elders. The elders are appointed for a term of three years, which can be renewed for a further three years before a period of at least a year must pass before the individual becomes eligible to stand again. The secretary and treasurer are appointed annually by the church members. We also have a group of what we call Team Leaders, who meet once a term.
The elders are responsible for doctrinal integrity, policy and strategy. The Team Leaders are responsible for practical matters. The Employment Group, which does not include paid/connected members of the trustees, meets as a sub-committee of the trustee body to consider all matters related to employment and other areas where paid or connected trustees may have a conflict of interests.
The trustees/elders meet regularly (normally fortnightly) and have overall responsibility for the operation and leadership of the church. The trustees are responsible for the policies and procedures within which they and the staff operate and make decisions. The trustees delegate much of the day-to-day responsibilities to the team leaders and staff team.
Staff
The church employs members of staff; during the year the staff team has been:
• Steve Baraniak Minister • Laura Perbet Ministry Worker • Cat Fairbrother Ministry Trainee (Until 2023) • Connie Pringle Church Administrator (from January 2024)
All decisions on staff remuneration and pay are made by the Employment Group.
Names of the trustees who manage the charity and their dates of appointments or resignation if not serving for the full reporting period:
Stephen Baraniak Minister Neil Johnson Chair of Trustees / Chair of Employment Group Matthew Robson Church Secretary and Safeguarding Lead from 19-July-2023 Ben Bradley Treasurer Dave Gilkerson Safeguarding Lead (resignation 19-July-2023) Andrew Fairbrother Charity Trustee (appointed 19-July 2023)
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Rylands Community Church
Year Ended 31 March 2024
Trustee's Annual Report
Trainee scheme
In the 2022-23 academic year Cat Fairbrother served as a trainee (part-time), finishing in September 2023. Cat was involved in a wide range of ministry and practical tasks around the church, alongside receiving theological training from Biblical Counselling UK
Laura (our ministry worker) works for RCC two days per week and is seconded to Beeston Free Church for one day per week to carry out similar pastoral work to the work she does for RCC. This arrangement is governed by a secondment agreement between the two churches.
Connie (our church administrator) works for RCC 15 hours per week and carries out a wide range of support tasks including communications, finance and supporting the trustees.
Trustees’ Responsibilities
The 2011 Charities Act require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to:
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Select suitable accounting policies and apply them consistently.
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Make judgments and estimates that are reasonable and prudent.
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Prepare financial statements on the going concern basis unless it is inappropriate to presume that the trust will continue in existence.
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State whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements;
The trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the trust. They are also responsible for safeguarding the assets of the trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the Trustees………………………………………………………
Ben Bradley
Name of Trustee ………………………………………………………………………..
09/07/2024
Date:…………………………………………..
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Rylands Community Church
Year Ended 31 March 2024
Independent Examiners Report
I report to the trustees on my examination of the financial statements of Rylands Community Church ('the charity') for the year ended 31st March 2024.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 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 confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
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:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the financial statements do not accord with those records; or
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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 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.
Nigel Wyatt BSC FCA Date: Independent Examiner 125 Main Street Garforth Leeds LS25 1AF
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Rylands Community Church
Year Ended 31 March 2024
Statement of Receipts and Payments
| 15 Months | |||||
|---|---|---|---|---|---|
| 2024 | 2023 | ||||
| Unrestricted | Restricted | Total | Total | ||
| Funds | Funds | Funds | Funds | ||
| Note | £ | £ | £ | £ | |
| Receipts | |||||
| Donations and Legacies | 106,505 | 458 | 106,963 | 112,416 | |
| Charitable Activities | 286 | - | 286 | 62,695 | |
| Investment Income | 152 | - | 152 | 106 | |
| ────────── | ────────── | ────────── | ────────── | ||
| Total Receipts | 2 | 106,943 | 458 | 107,401 | 175,217 |
| ────────── | ────────── | ────────── | ────────── | ||
| Payments | |||||
| Payments on Charitable Activities | 3 | 109,540 | 1,126 | 110,666 | 94,325 |
| ────────── | ────────── | ────────── | ────────── | ||
| Total Payments | 109,540 | 1,126 | 110,666 | 94,325 | |
| ────────── | ────────── | ────────── | ────────── | ||
| ────────── | ────────── | ────────── | ────────── | ||
| Net Receipts / (Payments) | (2,597) | (668) | (3,265) | 80,892 | |
| ────────── | ────────── | ────────── | ────────── | ||
| Net movement in funds (Cash) | |||||
| Total Funds (Cash) Brought Forward | 8 | 79,443 | 1,449 | 80,892 | - |
| Transfers | 781 | (781) | - | - | |
| ────────── | ────────── | ────────── | ────────── | ||
| Total Funds (Cash) Carried Forward | 77,627 | - | 77,627 | 80,892 | |
| ────────── | ────────── | ────────── | ────────── | ||
| Funds represented by | |||||
| General (Unrestricted) Funds | 67,627 | - | 67,627 | 79,443 | |
| Designated Funds | 10,000 | - | 10,000 | - | |
| Restricted Funds | - | - | - | 1,449 | |
| ────────── | ────────── | ────────── | ────────── | ||
| 77,627 | - | 77,627 | 80,892 | ||
| ────────── | ────────── | ────────── | ────────── |
These financial statements were approved by the board of trustees and authorised for issue :
Ben Bradley Name of Trustee: ─────────────────────────────────────────────────── Signed on behalf of the Trustees: ─────────────────────────────────────────────────── 09/07/2024 Date of approval: ───────────────────────────────────────────────────
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Rylands Community Church
Year Ended 31 March 2024
Statement of Assets and Liabilities
As the accounts are prepared on a cash basis, there is no formal Balance Sheet or Statement of Financial Position. Instead a statement of assets and liabilities is outlined giving an indication of the charity's assets at the year end.
The Fixed assets disclosed below are outlined at the value of purchase value.
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Fixed assets | ||
| Tangible Fixed Assets | 6,529 | 6,529 |
────────── |
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|
| 6,529 | 6,529 | |
| Current assets | ||
| Cash at Bank | 75,952 | 80,892 |
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|
| 75,952 | 80,892 |
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Rylands Community Church
Year Ended 31 March 2024
Notes to the Financial Statements
Basis of Preparation
The financial statements have been prepared on a cash basis when receipts and payments take place through the bank account or petty cash.
Assessment of Going Concern
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
Fund Accounting
Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion, have set aside resources for a specific purpose.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or grant giver.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
Incoming Resources
All incoming resources are recognised once the charity has entitlement to the resources and the money has been paid.
Resources expended
Expenditure is recognised on a cash basis when payments have been made through the bank account or by petty cash.
Governance Costs
Include costs of the preparation and examination of statutory accounts, the costs of the trustees' meetings and cost of any legal advice to trustees on governance or constitutional matters.
Taxation
The charity is exempt from tax on its charitable activities.
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Rylands Community Church
Year Ended 31 March 2024
Notes to the Financial Statements
| **2 ** | Analysis of Receipts | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2024 | ||
| £ | £ | £ | ||
| Donations and Legacies | ||||
| Donations | 77,466 | 390 | 77,856 | |
| Gift aid | 18,615 | 68 | 18,683 | |
| Grants | 10,424 | - | 10,424 | |
────────── |
────────── |
────────── |
||
| 106,505 | 458 | 106,963 | ||
| Charitable Activities | ||||
| Weekend away | - | - | - | |
| Church events | 286 | - | 286 | |
| Transfer of charitable activity | - | - | - | |
────────── |
────────── |
────────── |
||
| 286 | - | 286 | ||
| Investment Income | ||||
| Bank interest | 152 | - | 152 | |
────────── |
────────── |
────────── |
||
| 152 | - | 152 | ||
────────── |
────────── |
────────── |
||
| Total Income | 106,943 | 458 | 107,401 | |
────────── |
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||
| 15 Months | ||||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2023 | ||
| £ | £ | £ | ||
| Donations and Legacies | ||||
| Donations | 84,559 | 3,373 | 87,932 | |
| Gift aid | 17,317 | - | 17,317 | |
| Grants | 7,167 | - | 7,167 | |
────────── |
────────── |
────────── |
||
| 109,043 | 3,373 | 112,416 | ||
| Charitable Activities | ||||
| Weekend away | 8,695 | - | 8,695 | |
| Church events | - | - | - | |
| Transfer of charitable activity | 54,000 | - | 54,000 | |
────────── |
────────── |
────────── |
||
| 62,695 | - | 8,695 | ||
| Investment Income | ||||
| Bank interest | 106 | - | 106 | |
────────── |
────────── |
────────── |
||
| 106 | - | 106 | ||
────────── |
────────── |
────────── |
||
| Total Income | 171,844 | 3,373 | 121,217 | |
────────── |
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Rylands Community Church
Year Ended 31 March 2024
Notes to the Financial Statements
Transfer of charitable activity
During the financial period ending 31st March 2023 the activities of the Church and net assets where transferred over from Beeston Free Church, the organisation that planted and help establish Rylands Community Church.
3 Payments on charitable activities by fund type
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Administration | 3,136 | - | 3,136 |
| Buildings | 6,000 | - | 6,000 |
| Church events | - | 428 | 428 |
| Gathering | 2,634 | - | 2,634 |
| Global and Local Mission | 14,458 | - | 14,458 |
| Partnership | 1,410 | - | 1,410 |
| Resources | 753 | - | 753 |
| Staff related costs | 2,516 | - | 2,516 |
| Staff salaries | 75,497 | - | 75,497 |
| Training costs | 2,651 | 698 | 3,349 |
| Weekend away | - | - | - |
| Youth & children's work | 485 | - | 485 |
────────── |
────────── |
────────── |
|
| 109,540 | 1,126 | 110,666 | |
────────── |
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────────── |
|
| 15 Months | |||
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Administration | 1,866 | - | 1,866 |
| Buildings | - | 812 | 812 |
| Church events | 6,100 | - | 6,100 |
| Gathering | 1,392 | - | 1,392 |
| Global and Local Mission | 4,074 | - | 4,074 |
| Partnership | 3,833 | - | 3,833 |
| Resources | 2,706 | 1,458 | 4,164 |
| Staff related costs | 8,695 | - | 8,695 |
| Staff salaries | 61,697 | - | 61,697 |
| Training costs | - | - | - |
| Weekend away | 1,302 | - | 1,302 |
| Youth & children's work | 390 | - | 390 |
────────── |
────────── |
────────── |
|
| 92,055 | 2,270 | 94,325 | |
────────── |
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Rylands Community Church
Year Ended 31 March 2024
Notes to the Financial Statements
4 Volunteers
The church benefits greatly from the voluntary contributions of time and money by its formal members and regular attendees. Please refer to the trustee's report for further details about volunteer contributions in the organisation.
5 Independent examination fees
Fees payable to the independent examiner for:
| Independent examination fees |
||
|---|---|---|
| Fees payable to the independent examiner for: | 2024 | 2023 |
| £ |
£ | |
| Independent examination and preparation of the financial statements |
945 | 900 |
6 Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
| 15 Months | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Wages and salaries | 65,009 | 42,179 |
| Social security costs | 732 | 4,314 |
| Employer contributions to pension plans | 9,756 | 15,203 |
────────── |
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|
| 75,497 | 61,697 | |
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The average headcount of employees during the year was as follows:
| 2024 | 2023 | |
|---|---|---|
| Average Head Count | 3 | 2 |
No employees received employee benefits of more than £60,000 during the year.
7 Trustee remuneration and expenses
During the year four (2023: two) trustees incurred out of pocked expenses totalling £5,359 (2023 15 months: £6,675) which were all incurred for the day to day running of the charity's activities. The types of expenditure include administration costs, equipment costs training, travel and other church running
t
One trustee has been paid remuneration or received other benefits from employment with the charity or a related entity. During the year Steve Baraniak received £49,359 (2023 15 months: £46,552) including employer pension contribution and employer national insurance contribution for their role as a church leader and not for duties as a trustee.
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Rylands Community Church
Year Ended 31 March 2024
Notes to the Financial Statements
8 Analysis of Charitable Funds
| 1 Apr 2023 | Income | Expenditure | Transfers | 31 Mar 2024 | |
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Unrestricted Funds | |||||
| Unrestricted | |||||
| General | 79,443 | 106,943 | (109,540) | (9,219) | 67,627 |
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────────── |
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|
| 79,443 | 106,943 | (109,540) | (9,219) | 67,627 | |
| Designated | |||||
| Gospel Growth | - | - | - | 10,000 | 10,000 |
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────────── |
────────── |
────────── |
────────── |
|
| - | - | - | 10,000 | 10,000 | |
────────── |
────────── |
────────── |
────────── |
────────── |
|
| Total Unrestricted | 79,443 | 106,943 | (109,540) | 781 | 77,627 |
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────────── |
────────── |
────────── |
────────── |
|
| Restricted Funds | |||||
| Rylands Events | 1,209 | - | (428) | (781) | - |
| Trainee | 240 | 458 | (698) | - | - |
| Rylands Rascals | - | - | - | - | - |
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────────── |
────────── |
────────── |
────────── |
|
| Total Restricted | 1,449 | 458 | (1,126) | (781) | - |
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────────── |
────────── |
────────── |
────────── |
|
────────── |
────────── |
────────── |
────────── |
────────── |
|
| Total Funds | 80,892 | 107,401 | (110,666) | - | 77,627 |
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────────── |
────────── |
────────── |
────────── |
17
Rylands Community Church
Year Ended 31 March 2024
Notes to the Financial Statements
| 1 Nov 2021 | Income | Expenditure | Transfers | 31 Mar 2023 | |
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Unrestricted Funds | |||||
| Unrestricted | |||||
| General | - | 171,844 | (92,055) | (346) | 79,443 |
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────────── |
────────── |
────────── |
────────── |
|
| - | 171,844 | (92,055) | (346) | 79,443 | |
────────── |
────────── |
────────── |
────────── |
────────── |
|
| Total Unrestricted | - | 171,844 | (92,055) | (346) | 79,443 |
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────────── |
────────── |
────────── |
────────── |
|
| Restricted Funds | |||||
| Rylands Events | - | 1,209 | - | - | 1,209 |
| Steve Baraniak Training | - | 1,018 | (1,018) | - | - |
| Trainee | - | 680 | (440) | - | 240 |
| Rylands Rascals | - | 466 | (812) | 346 | - |
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────────── |
────────── |
────────── |
────────── |
|
| Total Restricted | - | 3,373 | (2,270) | 346 | 1,449 |
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────────── |
────────── |
────────── |
────────── |
|
────────── |
────────── |
────────── |
────────── |
────────── |
|
| Total Funds | - | 175,217 | (94,325) | - | 80,892 |
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────────── |
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────────── |
Fund Descriptions
Designated Funds
Gospel Growth
The Gospel Growth fund is an expression of our desire to see a proportion of our excess reserves set aside for expanding our activities in the future as opportunities and needs arise.
Restricted Funds
Rylands Events
TLG Make Lunch
Fund to hold contributions towards specific events run by the church.
Support families with food and activities during the school holidays.
Steve Baraniak Training
Trainee
Rylands Rascals
Funds raised to contribute towards theological training undertaken by Steve Baraniak.
Fund to hold donations received to cover the costs of a Church Trainee programme.
Fund to hold contributions and grants for the Rylands Rascals tolder group.
9 Related party transactions
There were no related party transactions which took place during the period (2023: £0).
18