REGISTERED CHAIUTY WUMBER: 1198312 REPORT OFTHE TRUSTEES AND UP4AUDITED FINANCIAL STATEMENTS FOR YEAR ENDED 31 WCH 2024 FOR FIRSTBORN COMMUNITY CHLRCH &Co 591aHolly Latl ErdingÈon Binningham WeKt Midlands B24 9LU
FIILSTBORN COMMUNITY CHURCH CONTENTS OF THF FIT4ANCIAL STATFMF.NTS for the Year Ended 31 March 2024 Report of th¢Trysltts ltsd4)ettd¢nt E3Imin¢rls Report ststement of Fffin8Mtlg1 Attlvitles Balanee Sheet r4otes to thtFirtatseil Statemtnts Detaiw Stt¢mthtof Fln•n¢lal A¢dvllks 11 to 12
FIRSTBORN COMMUNITYCHURCH Report of the Trustees For the year end 31 March 2024 The trustees present their report wf(h the financial statements of the charity for the year ended 31 March 2024. Firstborn Community Church is a charty based in King5 Heath Bim)ingham and is open to the public. The charity has recentty been formed, but the church has been part of the Kings Heath Communityfor over 40 year5. Objetiives The primary aims of the Charity is to furtherthe religious and other charitable work of the congregation meeting for religious worship. To advance the Christian religion for the benefit of the public through by a(hIng the holding of prayer meetings, workshops ènd seminars. The activitres of the Charity are overseen by the Pastor, Trustees and Church Committees. The Trustees. are responsible for the financial administration, care and maintenance of Church buildings and premise5. The Pastor oversees Pastoral Care. Community Support & Actlvltie5 The charity has been w0rkingcl0se wlth the community. They have been working with Yhe Pay Back Communiv tosupport community work. Is a member of the Churthe5 Together in Kings Heath and Supporling local churches. Donating to a local Food bank Interacting with a local homefor residents with leaming disabl1eS Current Activlties Sunday School Prayer and fasting Youth development and activiknes Missionary outreath New converts support The Future As a community church we plan to advance our Christfan beliefs through our activitles and servKes we offer to the local community. The development of a men's fellowship, women's soclal activitres and f urther developments for children and young people withln the church communlty. Policies and Procedures All pollcies have currently been reviewed. updated and approved by the Trustees and training for Trustees 15 ongoing.
FIRSTBORN COMMUNITY(HURCH Flnancial Review The linancial statements for the year to 31 March 2024, ineludes income and expenditure and balance sheet. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice appluble to charities preparing their accounts in accordance with the Financial Reporhng Standard applicable in the UK and Republic of Ireland IFRS 1021 leffecknve l January 20191. STRUCTURE, GOVERNANCE AND MANAGEMENT Goveming document - The charity is controlled by its Eovernlng document. a deed of trust and constitutes an unincorporated charity. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1198312 Prlncipal address 299 Brook Lane Billesley Birmingham West Midlands B13 OTL Trustees RG Salmon Pastor lappointed 1.4.221 Ms J C Thompson lappointed 1.4.221 Ms M Hutchinson lappolnted 1.4.221 D Q Forrester lappointed 1.4.221 Ms W F Allen (appointed 1.4.221 E Salmon (appointed 1.4.221 Independent Examiner Bonna & Co 5913 Holly Lane Erdington Birmingham West Midlands 824 9LU Approved by order of the board of trustees on 24 January 2025 and signed on its behalf by- Trustee
INDEPENDENT EXAMINF.R'S REPORTTO THETRUSTEESOF FIRSTllnRN COMMI'.¥41TY CHURCH Indepertdeni examiner's r¢rMbrt to ihe irusiee5 of Fir5¢Born COMM1. Cbur¢h I reFrf)n to the chariiN irustecs on tnj L%aminaiion of ihe accounts of Fir5tBorn Convnunity Churrh ithe Trust) for the car ended i l M#rch ?0?4. Respottsihllliley #Trd ba515 of PTI 45 Iht charli>. trnstee5 01. the Tru%[ yLbU are resTX)n5ible lor ihe preparniion of the in accordance il'iih ilie rcquit¢ments of ihc C'hdr>li¢s Aci ?01 i I'the Acl'l. I YL'P(It1 in iespecl ol-rnj e.Katninalinn iifthl Trv%i'% aL¢ounL% C3rrFttl out under S¢¢rion 54$ ()rthe Aci aiid ID Carr! oui m) exarnindÈiL>O I liae tol10ed dll applicable Dire¢iioD5 ¥iiven b! the C'harii) C.nfftmi5sion under Section IJ51SMb) of the Act. l•dep#ndeTht exan7iner's statement h%'e cornpltlLd examin¥ti(bn l Ll)Iifinn that nn maierial man¢rs haye come 10 m} aiieniioii in conneeiion %iith ihe ¢W1nlion 4iiinLF Tn¢ rau5e ¥0 beli¢v¢ Ihai in maierial iesp¢ct'. accounting record5 Iv¢re nol k¢pi in respeci oi (he Trust a5 qUired bi Se¢iion 130 ot'ihe Act- or the acc(xJnls do noi aco)rd li ith th(Ise record4. or (he accounls do noi compl!. 1Th ihe applicable re9uiremenis cimccrninb the fornTr and £oni¥ni of acLounlJ t oui in th¢ C'hariiies IAccounis and Repon51 Re4?ulaiions :008 oihw than ani. requiremeni ihaL lh¢ ac£oun(s a tnjt and fair v$¢. i%hich is not a matter considered as part of an fftdependeni examinwion. I hatre no concerns and ha¥e come across no other maii¢rs in ionnecTion Mith the eiamination to iihich aucntion should b¢ draii'n in ihis report in ord¢r io enable a proper undersianding of Ihe a¢¢ounis tt) b¢ reached. 5i¢phen Ejonrsa Bonn4&. Co 79 la Holli Lane E.r05non Bi1nhaM ¢1 Midlands 8!4 9LL I f> January 7075
FIRSTBORN COMMUNITY CHURCH STATEIMENf OF FINANCIAL ACTIVITIES for Ihe Year Endu131 March 2024 2024 2023 Totsl Unrestrict¢d fund Not¢5 LNCOME ANDEwMBKfS FROM Donations and legaci¢$ 42,1SM> 33276 Olli¢rtradin8aciiviiies InvestmcnÈ Lncomc 3,367 90 To¢al 45,647 33382 F.XPENDITURE ON R¥i$ing fkmds 22.089 5.134 oth {6501 11.698 21,439 16.832 NET INCOME . Other recognised gain5J{10sses} (iains on rcvaluation of f2xed asscts 24208 16.450 34.997 Nel TllDv¢meni in funds 24208 51.447 RECONCILIATION OF FUNDS Toktl fvrtds bnwgbt foTW 51,447 TOTAL FUNDSCARRIED FORWARD 75,655 51,447 The not4$ form part of the5t financial stskmeots Pag¢ 3
FIKSTBORN COMMUNITY CHURCH BALANCE SHEET 31 March 2024 2024 Unreslrided fund 2023 Tofai fijnds FIXED ASSETS Tangible aqsets 203.768 202,480 CURRENT ASSETS Dcbtor5'. arnots fallin8 duc within one y¢aT C&th at bank 204 58,968 50.165 59.172 50.165 CREDITORS Amounts f#llingdue wtthin one year io (21.530) {21,5301 NET CURRENT ASSETS 37.642 28,635 TOT AL ASSETS LESS CURRENT LIABILITIES 241.410 CREDITURS AmouttL% falling due 8fter MOTC than one year (165,7551 {179ffj68} NET ASSETS 75,655 51,447 FUNDS Unrestricd fiwds 13 75,655 51,447 TOTAL FUNDS 75,655 51.447 Tb¢ financial stal¢menL4 wete apPvcd by the Board of TTU5te¢s and athl8 for issue on 16 January 2025 and were 5igTLcd on it8 FKh&lf by.. RG san- Tn The nos forni pwt of the8e finan¢ial stst¢1nts. Page 4
FIRSTBORN COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS for the Year EndeA5 31 March 2024 ACCOUNTING POLICIES Basis of prepJTingthe flnancial statements The financial sialem¢Dls of the charity, which is a public bettcfil entity UTth FRS 102, have been prepared in accoTd¢C with tht CharitÈ¢s SORP IFRS 102) 'Aec4)w)ling and Reporting hy Charitie%'. Ststemenr of Recommended Practice applicable to clwitieg preparing their accounts in accordance with thc Fitw]ciyl Reporting Standard applicable in th¢ UK and Republi¢ of treland IFRS 1021 leff¢ctiv¢ l Jalluary 2019}', Financial RetAlrting Standard 102 The Financial R¢porting StsDdanl applicabl¢ in the UK and Republic of Ireland, and the Chariti¢5 Aci 2011. The finanLial sthleEnents have prepared under the his11¢4] ¢ost cortventi¢m. as moth'fiulby the TevaluBtion of£u¢ain awts. Income All iD¢ome is recognisal in the Stst¢menl of Financial Activitie5 011¢¢ the charity has entit1cTnt to the fimd5, it is pri>bablc that the inLome will be rcc¢ived and thc 8mouni can b¢ Telillbly. Expenditure Liabiliiies are 081$ed as ¢xpendIM as soon a% ther¢ is 8 legal or constructive obligatton committing the charity to expcnditll, il is probable that a tran5f¢T of economic benefits will be Tequired in settlement and the am()unt ol thc obligaiion can be in¢asured reliably. Expenditure is ae£ounl¢d for on an accruals basis and has bcen ¢lassifiLuI UTthr headings thai ag8re&rat¢ all LSt relatd to the eategory. Whcre eosts cannot b¢ directly atttibuted to particular headings they K%v¢ Ixen allocated to activities on a basib ¢onsistent with the us¢ of reguurces. Tarible fixed &5S¢1S Deprttiation is providd at the following annual rates in ord¢r to write off exh asscl over its ¢stimat¢d useful TaiiLlion The charity is cxcrnpt frtKn tsx on its ¢haritabl¢ aLivities. Fund acwunting u[[led funds be Sed in aecoTdan¢e with the¢hsn"table ¢bjectsves at thedi8cr¢tion of the trustr£s. Restiycted fuDts can only be used for particUr restrictcd pws within the thjects of the ¢harity. RestricliorLS 8rise when Spif1 by the donoroTwhcn funts are raised for patti¢ular restii¢t&l putposes. Furthercxplanation of thenItu and purp08e of eacb fund i5 ITlud[ in Ihc Dotes to the fiTOnciaL 5ts1etncnts. Hire purchase and kasirt8 commitmcnt4 Rentals paid undeT operating leaKs e ¢haTd to the Ststemujt of Fillan¢ial Activities on a Stra line ba5L5 overtheperhod of the Itase. OTHER TRADING ACTIVITIES 2024 2023 3.353 14 Sundry receipl 3.367 Pag¢ 5 continued...
FIRSTIIORN COMMUNITYCHURCH NOTES TO THE FINANCIAL STATEMENTS- coThtLDued for the Year Ended 31 Maruh 2024 INVESTMENT INCOME 2024 2023 Deposit aceouni intert51 RAIsG FUNDS Raising donations and legaciL 2024 2023 Rates and water Inqurance Light and heat TelephonelBToadb4ttd Poslage and stationLYy SUndrieDBs Ci Reyairs and rellewals SuFtscriptLOE15 Books Flowers Members fee8 PCU Subscription Gift5tDoDations Yothh Expenses Sundries Suppon cts 255 1,028 117 1.025 2,689 670 97 30 240 89 893 85 67 10 188 525 250 37 8.940 16,149 5.134 Investment m?nagcment costs 2024 2023 Sknp Hire Propety r¢pairs 4,500 5.940 AggTega* amounts 22,089 5.134 Page 6
FIRSTBORN COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS- tontillued for th¢ Year Ended 31 MaTLh 2024 TRUSTEES. REMUN'ERATION AND BENEFITS Thdt were no truse5' r¢muneraiion or other benefjts for tht year ended 31 Maych 2024 llor for th¢ year ended 31 March 2023. Trust¢es' expeo8es Th¢r¢ w¢t¢ tto tnL81ee8' cKrKn5csp8idfor theycar cnded 31 M4r¢h 2024 nor forthe year ended 31 M¥Jch 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestiicted INCOME AND ENWmENTs FROM Donations and le8acics JJ)vestment sn¢om¢ Total 33282 EXPENDITURE ON Raising fvnds 5.134 Other 11,698 Total 16,832 NET INCOME oiher TV¥nIed gaiDO005s¢sI Gainy ort r¢vaiuation of fixed aS¢ts 16.450 34,997 Nct movement in fund5 51,447 TOTAL FUNDS CARRIED FORW ARD 51,447 TANGIBLE FIXED ASSETS Fixture5 nd fittings Freehold Plant atld mxhincry Totals COST At l April 2023 Additions 2(K>,(KM) 202.480 1,961 886 1.075 At 31 March 2024 2(M).(x)o 3,366 1,075 204,441 DEPRECIATION Chyrge (or year 673 673 NET BOOK VALUE At 31 M8ch 2024 2.693 1,075 203,768 At 31 March 2023 2tx),000 2,480 202.480 Page 7 continued...
FIRSTBORN COMMUNITYCHURCH NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 Mar£h 2024 DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Youth Fund 204 CASH AT BANK 2024 Total 2023 To1 Ballk ae£ount no. I Bauk deposit account pcu [ksIt kni)unt 3.184 13,250 42,534 3.625 4,(K)6 42.534 Toral 58,968 50,165 10. CREDITORS.. Amoiwfs FALLtNG DUE WITHIN 0 AR 2024 2023 Bank loans and ovcrdrafts (sec note 12} Accrued expenses 20.880 650 20,880 650 2L.530 21,530 CREDITORS.. AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2024 2r)23 Bank low¥ {¢ n(rte 12) Accwalb attd deferred income 110,499 55,25 124,412 55,256 165.755 179.668 li LOANS An analysis of th¢ maturity of is given b¢low'. 2024 2023 Amouttls failingdur within one ywon d¢mlltd.. Bank loans 20.880 20.880 AnKlUlllS falliDg due 2ts more than fiv¢ years.. Repayabl¢ othenvise than by iThstslmcnt5: Penteu>stal Credit Union tDart I IU,49) 124,412 Pag¢ 8 continue&..
FIRSTBORN COMMUNITYCHURCH NOTES TO THE FINANCIAL ST ATEMENTS-continued for rhe Year Ended 31 Mar¥h 2024 13. MOVEMENf IN FUNDS Nei movetllent in fun(Ls At 31.3.24 At 1.4.23 UnrestTi¢red fijnds General fvt 51,447 24208 75,655 TOTAL FUNDS 51.447 24.208 75,655 Nd movement in fund5, Includ itt the above are as follows.. ItL¢oming resourc¢5 Resources eXpnded Movement in funds Unr¢$tr1ed fijnds Gcncral fund 45.647 {21,439) 24,208 TOTAL FUNDS 45,&17 121.439) 24208 Comparativ¢b for movemeni in fund¥ Net movement in funds At 31.3.23 Unrcstricted GeSLeral fund 51,447 51.447 TOTAL FUNDS 51.447 51.447 C¢Jmpardtive Det movement in fiwds. included ID the th*ve are as follows.. Incotnin8 G8ills llnd losse5 Mov¢ment in fuD(Ls expended Ullrcstrictcd funds General fund 33.282 {16,832) 34.997 51.447 TOTAL FUNDS 33,282 116.832) 34.997 51.447 Pag¢ 9
FIRSTBORN COMMUNITYCHURCH NOTES TO THE FINLNCIAL STATEMENTS- ¢ontinu¢d for th¢ Year Ended 31 March 2024 13. MOVEMEwf IN FUNDS-continued A currenl year 12 months aThd prior y¢vJ 12 months combined p)siiion is as follows.. Net mov¢metst in ftrnds At 1.4.22 31.3.24 Ullrcslricted funds GenErdl fiu 75.655 75,655 TOTAL FUNDS 75,655 75,655 A current y¢Ar 12 months 21 wior y¢or 12 month5 combined tKt movement 2n fiJnd& itKluded in the thv¢ are as follows.. Incoming Resourccs Gains and Movement Uttrostricted fvnds G¢n¢ral fur 78,29 138.2711 34,997 75.655 TOTAL FUNDS 78.929 138,2711 34,997 75,055 14. RELATED PAR TY DISCLOSURES Ther¢ were M) related paty traNa¢tions for ib¢ yearended 31 March 2024. Page 10
FIRSTBORN COMMUNITYCHURCH DETAILED STATEMENT OF FINANCIAL ACTIVITIES for ihe Year Ended 31 March 2024 2024 2023 INCOME AND ENLN)WfvIENTS 1kn8tions 8nd legacies Tith&4 and OffeTing5 Gift aid 363&1 5.926 33276 42.190 33276 Other trading activities In5UTan¢e Claim Sunthy re¢¢ipts 3.353 14 3,367 Inv¢stm¢nt irt¢(pm¢ Deposii account inre5t Total incoming resource5 45.647 33.282 EXPENDITURE Raising dottations #nd legacies Rates and water Insurance Liglii and heat "relephoneJBroadbal PLWe and station¢ry SulldrieslDBS Checks Repair% and r¢n¢wal$ SubscTiPtions Books Flowers MeTnbEf5 fees PCU SubYriptiDn Gift&Thination8 Y¢)uth Expens&s Sundries 255 1.028 3,426 893 117 L,025 2,689 670 97 30 240 89 211 180 85 67 10 188 525 250 37 7.209 5.134 InveSt¢nt mana8antxJt C05tS Skip Hire 1,440 4,500 5,940 Support costs Finance iA)an intcrest 2,472 This page doeb fi)rni part of th¢ attJtthyfinanciaJ s18Thnts Pag¢ll
FIRSTBORN COMMUNITYCHURCH DETAILED STATEMENT OF FINANCIAL ACTIVSTIES for tht Year Ended 31 March 2024 2024 2023 Finance HumaD rcwurces Mortgage Ini¢tESt 6,967 Other Plant and rrLqchitwy 673 Gowernallce costs AccountaDCy fees Legal fees 650 650 &576 650 9226 Total TCSWCf8 exp¢nd¢d 21,439 16.832 N¢¢ ill¢ome 24,208 16,450 This pa¥e docs noi fpryn of the statutY financial 5tatwnents Page 12