REGISTERED COMPANY NUMBER: CE029208 (England and Wales) REGISTERED CHARITY NUMBER: 1198618
Report of the Trustees and
Unaudited Financial Statements for the Period 01 April 2023 to 31 March 2024
for
Christ's Heart Church UK
Altus Business Consulting Chartered Accountants 88-89 High Street Wordsley Stourbridge West Midlands DY8 5SB
Christ's Heart Church UK
Contents of the Financial Statements for the Period 01 April 2023 to 31 March 2024
| Page | |
|---|---|
| Report of the Trustees | 1 to3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7to8 |
| Detailed Statement of Financial Activities | 9 |
Christ's Heart Church UK
Report of the Trustees
for the Period 01 April 2023 to 31 March 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period 01 April 2023 to 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
INCORPORATION
The charitable company was incorporated on 13 April 2022.
OBJECTIVES AND ACTIVITIES Objectives and aims
To advance the Christian faith in the United Kingdom or the world as the Trustees from time to time may think fit;
Weekly Sunday church services incorporating worship, prayer, preaching from Scripture and fellowship. Evangelistic activities conducted for children, youth and adults both weekly and monthly. Work is also undertaken with senior citizens with informal meetings with regular speakers on a variety of subjects.
Midweek groups for youth and adults focusing on discipleship, mutual support, prayer, worship and Bible study. Running a Discipleship Training Centre for adults and Roundtable Development for youth to develop their Christian faith.
From time to time fun-days and other special events to outreach and serve the local community.
To relieve poverty in the United Kingdom or the world as the Trustees from time to time may think fit
Financial support for specific charitable activities such as running a foodbank and running a drop in centre for those in need.
To fulfil such other purposes which are exclusively charitable according to the law of England and Wales and are connected to the charitable work of the Charity as the Trustees from time to time may think fit
Running children’s holiday clubs and/or toddler group for up to 30 children supported by their parents. Entry to the group is open to all.
Running Sunday children’s and youth teaching programmes organised around the different age groups and using established Christian teaching resources.
The church actively encourages members to attend discipleship courses that are run periodically.
Support for various conferences and courses of Christian relevance – church leadership development, worship leadership, youth events etc.
Key Objectives & Ministries:
Our aim is to hold worship and teaching services for whoever wants to participate, both local people and people from a wider demographic and also reaching the local community through community based programs.
Significant activities
2023-2024
We started the new financial year still meeting at the Richardson Hall in Wordsley, West Midlands. From August 2023, we changed our operating location to The People’s Mission Hall in Netherton, DY2 9EG whilst blending 2 churches together but still under the name of Christ’s Heart Church.
Page 1
The following provides an outline of programs and events that started and continue:
2023 and 2024:
September to December 2023: We were still meeting with about 50 people in attendance Autumn 2023: We were able to run mid-week meetings: A bible study on a Tuesday evening called ‘Digging Deeper’
A community luncheon club on a Wednesday called ‘Wednesday Fellowship’ – this is registered as a ‘Warm Space’ location and attracts people of all ages from the local community
September 2023: We continued with the ‘Discipleship Training’ course for those who want to learn more about the Christian faith. This was both an online and in person course. We have a First Year Intake and a Second Year intake. 10 attend first year in person with 1 online. 10 attend second year with 2 online. These will continue from September 2024 for another academic year. December 23: We held our‘Community Carol Service’ with 100 local residents attending this year. Approx. +/-250 over the Christmas weekend
A ladies ministry was launched and they held their first ‘Woman of Value Conference’ with 110 ladies attending. The theme was to empower woman in their God given purpose with steps to discover and live out this purpose.
2 Year Plan – 2023 to 2025
Commence children and youth activities to reach out into the community – Holiday Clubs, Sports Activities, Mental Health Workshops. We are in discussion with schools and groups to launch in the autumn of 2024
Continue with the Little Hearts Parent and Toddler Group – this meets on a Monday morning
Continue with ‘Discipleship College’ – First and Second Years
Increase our online presence – through all forms of social media. We live stream services and training with people watching from USA, Africa and Europe
In September 2024, we are launching ‘The Mission Community Choir’ this is for any and everyone who has a desire to sing to join and sing together.
Page 2
Christ's Heart Church UK
Report of the Trustees
for the Period 01 April 2023 to 31 March 2024
FINANCIAL REVIEW
Financial position
The trustees are satisfied with the financial position of the Charity. At the 31st March 2024 the unrestricted reserves were £52,610
Principal funding sources
The principle funding sources are donations from congregation members.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
CE029208 (England and Wales)
Registered Charity number
1198618
Registered office
12 Brindley Close Wombourne Wolverhampton West Midlands WV5 8HJ
Trustees
Rev K Poole (appointed 13.4.22) S Straw (appointed 11.7.23) J Poole (appointed 11.7.23) A Billingham (appointed 24.07.23) S Billingham (appointed 21.09.23)
Independent Examiner
Altus Business Consulting Chartered Accountants 88-89 High Street Wordsley Stourbridge West Midlands DY8 5SB
Approved by order of the board of trustees on 22[nd] May 2024 and signed on its behalf by:
Rev K Poole - Trustee
Page 3
Independent Examiner's Report to the Trustees of
Christ's Heart Church UK
Independent examiner's report to the trustees of Christ's Heart Church UK ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the period 01 April 2023 to 31 March 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
Richard Ashmore BA, BFP, FCA
Altus Business Consulting Chartered Accountants 88-89 High Street Wordsley Stourbridge West Midlands DY8 5SB
22[nd] May 2024
Page 4
Statement of Financial Activities for the Year Ended 31 March 2024
| Statement of Financial Activities for the Year Ended 31 March 2024 |
|||||
|---|---|---|---|---|---|
| 31.03.24 | 31.03.23 | ||||
| Unrestricted | Restricted | Total | Total | ||
| fund | fund | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 71,108 | - | 71,108 | 53,472 | |
| EXPENDITURE ON | |||||
| Charitable activities | |||||
| Pastoral and ministry | 20,050 | - | 20,050 | 23,172 | |
| Support Costs | 27,571 | - | 27,571 | 14,476 | |
| Total | 47,621 | - | 47,621 | 37,648 | |
| NET INCOME/(EXPENDITURE) | 23,487 | - | 23,487 | 15,824 | |
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 29,123 | - | 29,123 | 13,299 | |
| TOTAL FUNDS CARRIED FORWARD | 52,610 | - | 52,610 | 29,123 |
The notes form part of these financial statements
Page 5
Christ's Heart Church UK
Balance Sheet
31 March 2024
| Balance Sheet 31 March 2024 |
|||||
|---|---|---|---|---|---|
| 31.03.24 | 31.03.23 | ||||
| Unrestricted | Restricted | Total | Total | ||
| fund | fund | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Cash in hand | 52,970 | - | 52,970 | 29,627 | |
| CREDITORS | |||||
| Amounts falling due within one year | (360) | - | (360) | (504) | |
| NET CURRENT ASSETS | 52,610 | - | 52,610 | 29,123 | |
| TOTAL ASSETS LESS CURRENT | |||||
| LIABILITIES | 52,610 | - | 52,670 | 29,123 | |
| NET ASSETS | 52,610 | - | 52,610 | 29,123 | |
| FUNDS | 5 | ||||
| Unrestricted funds | 52,610 | 29,123 | |||
| Restricted funds | - | - | |||
| TOTAL FUNDS | 52,610 | 29,123 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 22[nd] May 2024 and were signed on its behalf by:
K Poole - Trustee
The notes form part of these financial statements
Page6
Christ's Heart Church UK
Notes to the Financial Statements for the Period 01 April 2023 to 31 March 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. TRUSTEES' REMUNERATION AND BENEFITS
Rev K Poole received a salary of £12,400 in his role as Senior Pastor
Trustees' expenses
Rev K Poole received expenses of £255 during the year
continued...
Page 7
Christ's Heart Church UK
Notes to the Financial Statements - continued for the Period 01 April 2023 to 31 March 2024
3. STAFF COSTS
The average monthly number of employees during the period was as follows:
| The average monthly number of employees during the period was as follows: | ||
|---|---|---|
| Pastor No employees received emoluments in excess of £60,000. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accrued expenses |
1 £ 360 |
|
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | |||
|---|---|---|---|
| Net | |||
| At | movement | At | |
| 01.04.23 | in funds | 31.3.24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 29,123 | 23,488 | 29,123 |
| TOTAL FUNDS | 29,123 | 23,488 | 52,610 |
| Net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 71,108 | (47,620) | 23,488 |
| TOTAL FUNDS | 53,472 | (37,648) | 23,488 |
6. RELATED PARTY DISCLOSURES
There were no related party transactions for the period ended 31 March 2024.
Page 8
Christ's Heart Church UK
| Christ's Heart Church UK | ||
|---|---|---|
| Detailed Statement of Financial Activities | ||
| for the Year Ended 31 March 2024 | ||
| 31.03.24 | 31.03.23 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 56,971 | 41,431 |
| Gift aid | 11,087 | 12,041 |
| Grants | 3,050 | - |
| Total incoming resources | 71,108 | 53,472 |
| EXPENDITURE | ||
| Charitable activities | ||
| Wages | 12,400 | 11,850 |
| Disciples school | 6,131 | 3,720 |
| Mum’s & Toddlers | - | 2,052 |
| Pastoral Expenses | 7,650 | 59 |
| Ministry Expenses | 84 | 650 |
| Missions | 1,000 | 3,219 |
| Food Provision | 1,482 | 455 |
| Service Costs | 600 | 1,177 |
| 29,347 | 23,172 | |
| Support costs | ||
| Management | ||
| Rent | 3,497 | 5,615 |
| Repairs & Renewals | 3,526 | - |
| Computer Software | 2,028 | - |
| Postage and stationery | 1,087 | 4,202 |
| Travel & Accommodation | 2,707 | 2,571 |
| Printing | 2,583 | 528 |
| Professional fees | 2,140 | 1,200 |
| Independent Examiner fees | 360 | 360 |
| Insurance | 309 | - |
| Bank Charges | 36 | - |
| 18,273 | 14,476 | |
| Total resources expended | 47,620 | 37,648 |
| Net (expenditure)/income | 23,488 | 15,824 |
This page does not form part of the statutory financial statements
Page 9