PACKE STREET FULL GOSPEL CHURCH (CIO)
TRUSTEES REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD FROM 11 NOVEMBER 2022 TO 31 MARCH 2024
CHARITY NUMBER: 1200991 COMPANY NUMBER CE030661
Cound & Co LLP Chartered Accountants 1 Princes Court Royal Way Loughborough Leics LE11 5XR
Tel: 01509 214163
- 1 -
PACKE STREET FULL GOSPEL CHURCH (CIO)
FOR THE PERIOD FROM 11 NOVEMBER 2022 TO 31 MARCH 2024
REPORT OF THE TRUSTEES
The trustees are pleased to present their report together with the financial statements of the charity for the period ended 31 March 2024.
REFERENCE AND ADMINISTRATIVE DETAILS
CHARITY NAME Packe Street Full Gospel Church (CIO) CHARITY NUMBER 1200991 PRINCIPAL OFFICE Packe Street Loughborough LE11 3EZ
The trustees serving during the period and since the period end were as follows:
Dabora Gail Slingsby Stephen Caleb Pollard Douglas Cyril Pipe Larry Brown
INDEPENDENT EXAMINERS Cound & Co LLP 1 Princes Court Royal Way Loughborough Leics LE11 5XR
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity is constituted under a deed of declaration dated 11 November 2022
ACHIEVEMENTS AND PERFORMANCE
The Church started operating as a CIO on 1 December 2022. The Church was donated the assets of the pre-CIO Church, with the church building being valued at its market value on 1 December 2022. The church holds Sunday Services at 10.30am every Sunday morning and we have been fortunate to have found experienced Bible teachers to take our services.
……………………………………. Douglas Cyril Pipe
23 January 2025
- 2 -
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF
PACKE STREET FULL GOSPEL CHURCH (CIO)
I report on the accounts of the Charity for the period from 11 November 2022 to 31 March 2024 which are set out on pages 3 to 5.
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(2) of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the Charities Act;
-
follow the procedures laid down in the General Directions given by the Charity Commissioners under section 145(5)(b) of the Charities Act; and
-
state whether particular matters have come to our attention.
Basis of independent examiner’s statement
My examination was carried out in accordance with the 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 you as 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
In connection with my examination, no matter has come to my attention:
-
which gives me reasonable cause to believe that, in any material respect, the requirements:
-
to keep proper accounting records in accordance with section 130 of the Charities Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
-
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
D R Gradon MA FCA Cound & Co LLP Chartered Accountants 1 Princes Court Royal Way Loughborough Leics LE11 5XR 23 January 2025
- 3 -
PACKE STREET FULL GOSPEL CHURCH (CIO)
STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)
FOR THE PERIOD FROM 11 NOVEMBER 2022 TO 31 MARCH 2024
| INCOME Donations & Legacies: Donations From Packe Street Church Investments: Rent Received TOTAL INCOME EXPENDITURE Expenditure on Charitable Activities TOTAL EXPENDITURE NET INCOME TRANSFERS BETWEEN FUNDS NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS TOTAL FUNDS BROUGHT FORWARD TOTAL FUNDS CARRIED FORWARD |
Unrestricted Restricted Funds Funds Notes 2024 2024 26513 - 531068 - 10875 - __ _ 568456 - 2 18037 - 18037 - 550419 - - - 550419 - - - 550419 - ___ |
Total Funds 2024 26513 531068 10875 __ 568456 ____ |
|---|---|---|
| 18037 __ 18037 ____ |
||
| 550419 - __ 550419 - _ 550419 ___ |
- 4 -
PACKE STREET FULL GOSPEL CHURCH (CIO)
BALANCE SHEET AS AT 31 MARCH 2024
| FIXED ASSETS CURRENT ASSETS Debtors Cash at Bank and in Hand LIABILITIES: Creditors: Amounts falling due within one year NET CURRENT ASSETS TOTAL NET ASSETS THE FUNDS OF THE CHARITY Unrestricted General Funds Restricted Funds Designated Funds TOTAL FUNDS |
Notes 3 |
2024 510000 - 40851 __ 40851 _ 432 40419 550419 550419 - - £550419 ___ |
510000 40419 __ 550419 ____ |
|---|---|---|---|
Approved by the trustees on 23 January 2025 and signed on their behalf by:
……………………………………
Douglas Pipe
- 5 -
PACKE STREET FULL GOSPEL CHURCH (CIO)
NOTES TO THE ACCOUNTS - FOR THE PERIOD FROM 11 NOVEMBER 2022 TO 31 MARCH 2024
1) Accounting Policies
a) Accounting Convention
These financial statements 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 FRS102 the Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS102”) (effective 1 January 2016)’, FRS102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (effective September 2016) and the Charities Act 2011. The disclosure requirements of Section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view. The charity constitutes a public benefit entity under FRS102.
Assets and liabilities are initially recognised at historical cost or transactional value unless otherwise stated in the relevant accounting policy note and the financial statements are prepared on a going concern basis. The financial statements are prepared in sterling, which is the financial currency of the charity and rounded to the nearest £1.
b) Funds
General funds represent the funds of the church that are not subject to any restrictions regarding their use and are available for application on the general purposes of the church.
Restricted funds are those funds that must be spent on their restricted purposes. Gifts designated by the donor for a particular charity or project and received as income are treated as Restricted funds and the monies are remitted to the appropriate recipients as soon as possible.
c) Support Services
These comprise the administration and running costs (less insurance) of the Church.
d) Fixed Assets
These are included in the accounts at market value as assessed by an independent valuer.
2) Direct Charitable Costs
| Preaching Costs Rent Utilities Insurance Support Services Outreach activities Maintenance of Buildings and Equipment Work Among the Young Books Postage Independent Review Miscellaneous Costs Telephone Professional Fees CCLI Fee Grants paid Food Church Away Day |
2024 2024 Unrestricted Restricted Notes Funds Funds 8300 - - - 1713 - 1166 - - - - - 760 - - - 40 - 47 - 432 - 100 - 1217 - 1830 - 143 - 2100 - 89 - - - __ £18037 £- __ |
2024 Total Funds 8300 - 1713 1166 - - 760 - 40 47 432 150 1217 1830 143 2100 89 - __ £18037 ____ |
2024 Total Funds |
|---|---|---|---|
- 6 -
PACKE STREET FULL GOSPEL CHURCH (CIO)
NOTES TO THE ACCOUNTS - FOR THE PERIOD FROM 11 NOVEMBER 2022 TO 31 MARCH 2024
| 3) | Fixed Assets COST At 11/11/22 Additions At 31/03/24 DEPRECIATION At 11/11/22 Charge in period At 31/03/24 N.B.V. At 31/03/24 |
Church 0 220000 __ 220000 0 0 _ 0 220000 ___ |
Manse 0 290000 __ 290000 0 0 _ 0 290000 ___ |
Total 0 510000 __ 510000 0 0 _ 0 510000 ___ |
|---|---|---|---|---|