## **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
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## **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:
1. 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
2. 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|
|---|---|---|---|
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## **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
______|
|---|---|---|---|---|