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2024-03-31-accounts

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

BEACON CHURCH HAVANT

CHARITY REG. NO: 1201717

Pages 2 to 8 Trustees' Report Page 9 Independent Examiner's Report to the Trustees Page 10 Statement of Financial Activities Page 11 Balance Sheet Pages 12 to 19 Notes to the Financial Statements

1

BEACON CHURCH HAVANT

TRUSTEES REPORT FOR THE YEAR ENDED 31[st] MARCH 2024

LEGAL AND ADMINISTRATIVE INFORMATION

CHARITY NUMBER

1201717

DATE OF REGISTRATION

START OF FINANCIAL YEAR END OF FINANCIAL YEAR TRUSTEES AT 31ST MARCH 2024

25[th] January 2023

1[st] July 2023

31st March 2024

P A Butcher C J Darmanin S G E Waters R J McMillan J Bunday E K F Bunday S J Elliott A P Jacobs

All trustees above were appointed at registration of the charity on 25[th] January 2023.

The existing trustees appoint any new trustees following the provisions laid out in the organisation's governing instrument.

LEGAL STATUS

OTHER NAMES

Charitable Incorporated Organisation (CIO)

Also operating as Beacon Lounge, Beacon Food Bank and Beacon Housing.

GOVERNING INSTRUMENT

Constitution dated November 2022

OBJECTS

  1. The advancement of the Christian faith for the public benefit.

  2. The relief of persons in conditions of financial need, or infirm for reasons of age, ill-health or disability.

CORRESPONDENCE ADDRESS

The Beacon 69 - 73 Meridian Centre Havant Hampshire PO9 1UN

PRIMARY BANKERS

The Cooperative Bank plc 1 Balloon Street Manchester M60 4EP

INDEPENDENT EXAMINER

K Gomes Independent Examiners Ltd Unit 2, The Broadbridge Business Centre Delling Lane BOSHAM West Sussex PO18 8NF

2

BEACON CHURCH HAVANT

TRUSTEES REPORT FOR THE YEAR ENDED 31st MARCH 2024

Introduction

The objects of the charity, summarised on page 2, are currently worked out in distinct areas of activity as follows:

  1. The advancement of the Christian Faith for the public benefit in the Borough of Havant and elsewhere, as the Trustees from time to time may think fit, by any means whatsoever including (but not by way of limitation) the preaching and proclamation of the Christian Gospel, the teaching of Christian doctrine and principles, the pastoral care of Christian people and the production and distribution of the Bible, Christian literature, media products and other resources, by :

  2. The operation and activities of Beacon Church Havant as a local church in the Borough of Havant, including its salaried staff and responsibility for the leased premises known as The Beacon, Meridian Centre, Havant, Hampshire.

  3. The trading activities of ‘Beacon Lounge’ a drop-in lounge in the church's premises selling refreshments, light lunches and a small selection of Christian books, cards and craft items.

  4. Involvement with other local churches in the Borough of Havant and beyond.

  5. Donations to other Christian organisations or ministries in the UK or overseas.

  6. The relief of persons who are in conditions of financial need, or who are infirm for reasons of age, illhealth or disability, by:

  7. The activities of a community project called 'Beacon Food Bank' which aims to provide free food hampers to those in genuine need in Havant Borough.

  8. The activities of a community project called 'Beacon Housing’ which aims to provide supported accommodation to people at risk of homelessness, in the Wecock Farm area of Havant Borough.

  9. Donations to other organisations helping those in need within the Borough of Havant.

Organisation

Membership

There is no formal membership register. Regular attendance at meetings and commitment to the beliefs and work of the Church is regarded, informally, as qualifying for membership. Public meetings of the church and the activities of all community projects are open to all, regardless of faith, sex, race, sexual orientation or background.

Leadership

The following team provides spiritual leadership and direction for the Church:

Legal and formal responsibility for the Trust falls to the trustees, listed on page 2, two of whom are also members of the Leadership Team.

Charity Status

The trustees decided in 2022 that the legal status of the charity should be changed from an unincorporated Trust (Havant Community Church, registered charity 290803) to a Charitable Incorporated Organisation (CIO). A new constitution was agreed and the new CIO, Beacon Church Havant, was registered with the Charity Commission on 26[th] January 2023. However, issues related to the employment of four staff, who are either Trustees or ‘connected persons’ to Trustees, took some time to agree with the Charity Commission and delayed the start-up of the CIO. As a result the assets and staff of the Trust were not transferred until 1[st] July 2023.

3

BEACON CHURCH HAVANT

TRUSTEES REPORT continued FOR THE YEAR ENDED 31st MARCH 2024

Review of the Year

This report covers the activities of the Charity for the full year 2023/24 including the period April to June 2023 operating under the previous Trust. The financial accounts only cover the operation of the CIO from July 2023 but comparisons to the full and previous years of operation under the Trust are provided below in this report.

2023/24 was a year of consolidation after the changes to staff and operations of recent years. The various outreach activities into the community continued to grow and new members were welcomed into the church, including through an Alpha course held in early 2024. From February 2024 lunchtime opening was restored in Beacon Lounge, also extending the availability of the Food Bank reception.

Beacon Food Bank saw steady demand through the year at a similar high level to 2022/23. However, as last year, lower public food donations have meant a much higher expenditure on purchasing food. Beacon Housing has continued to operate successfully with the house fully occupied almost continuously once again.

Church donations increased this year, following the appeal made to members in January 2023. Beacon Food Bank donations remained similar to the previous year.

Organisation and Staff

Chris Darmanin was employed for 3 days a week as a church leader throughout the year. The other two church leaders serve voluntarily. It is intended to strengthen this team with new members by summer 2024.

No other staffing changes were made in the year. Therefore, at year end 11 part-time staff were employed:

At year end, 4 employees are members of pension schemes which are compliant with the Automatic Enrolment requirements. The other employees are not eligible for automatic enrolment but have been offered pension cover where applicable.

In addition to the main leadership team, small teams oversee a number of activities of the church including the children and families ministries, the Worship Group, Beacon Housing project and pastoral care.

Premises

The church continued to occupy two units in the Meridian Centre, Havant as its main premises, called ‘The Beacon’. The larger unit is occupied at zero rent, but with a partial service charge contribution levied, whilst rent and service charge continue to be paid on the smaller unit, from which Beacon Lounge is operated. A new 5 year lease from July 2023 has been agreed with Havant Borough Council, but was still awaiting final signature at year end.

Beacon Food Bank has continued to occupy a separate unit in an empty retail unit in the Meridian Centre under a lease from Havant Borough Council at a small rent. The charity funds the electricity costs of this unit and has obtained a rates exemption from the council. As with The Beacon, a new 5 year lease has been agreed from July 2023.

A higher level of capital investment was made in the premises this year as a result of the new lease agreements and increased church donations. In particular new flooring was fitted in the Small Hall, the serving area enlarged in Beacon Lounge, and a new storage area created for chairs and equipment in the Main Hall.

The Beacon Housing project provides supported housing at a 4 bedroom property on the Wecock Farm estate which is leased from another Christian housing charity (see next section). The current 6 year lease expires in August 2026.

4

BEACON CHURCH HAVANT

TRUSTEES REPORT continued FOR THE YEAR ENDED 31st MARCH 2024

Community Involvement

Beacon Food Bank continued to help people facing hardship in the Borough of Havant through the year, generally by referral from other local community organisations or churches. 2,194 food hampers were provided during the year, a small increase of 2% on 2022/23 as demand remained high due to the continuing ‘cost of living’ crisis. The amount of food being donated by the public via local collection points continued to fall this year meaning that a greater amount has had to be purchased. The average value of a hamper is estimated to have reduced to about £60 as less fresh food is available.

Beacon Lounge continued to provide a drop-in coffee lounge and café with particular support to the lonely and elderly in the community, many of whom are regular customers. The lounge also acts as the collection point for Food Bank clients with a receptionist funded by the Food Bank throughout opening hours. Investment was made in the year to improve the food and drink options provided, including a new coffee machine and lunchtime menu with extended opening to 2pm from February 2024.

The Beacon Housing project continued to provide supported housing to a number of men on the Wecock Farm estate who would otherwise be at risk of homelessness. The house was bought in 2020 by another Christian charity called Green Pastures CBS Ltd. and leased back to us. Once again the house was fully occupied with 4 residents for most of the year. In addition to accommodation, pastoral and practical support is given to the tenants to help them with gaining employment and managing finances by a team involving several churches in the area. Income to the project comes primarily from housing benefits with a small rent supplement charged to each tenant.

The monthly Active Coffee Morning targeted at senior citizens continued through the year as did the weekly Parent & Toddler and Babies groups during term times. An after-school drop-in club for secondary school pupils was relaunched as an ‘Open Home’ for all ages one afternoon per week, which has proved popular. The Beacon is hired weekly by several other charitable or community organisations.

In total 9 donations were made this year from the church’s Local Community Fund; including support to Hardship Funds at a local community centre and 3 local schools, an exercise tutor for older people through MHA, a local sport for mental health charity, and a mental health worker in the Wecock Farm area.

Involvement With Other Churches

Inter-church relationships and activities in the Borough are much reduced since the Covid pandemic. However, a monthly inter-church prayer meeting, which was originally initiated by us, has continued throughout the year and is now held in various churches around the Borough. The church is also a member of Churches Together in Havant and Bedhampton.

Other local churches continue to support Beacon Food Bank both in terms of provision of volunteers and financial donations. The support team for the Beacon Housing project includes a number of members of other local churches.

Outside accountability and support for the church leadership team continued to be provided by Mark & Anita Churchward, previously the leaders of Southend Christian Fellowship.

Support to UK and Overseas Ministries

Financial support has continued to be given to Aaron Lewis, a church member working with Teen Street (a ministry of OM) based in Santander, Spain; to Carl Wills, a prophetic ministry based in Southampton; to ‘New Generation International’, a charity supporting the development of a church in the Campina area of Romania; and to the ministry of Bishop Andrew Ouma in the Kibera slums of Nairobi (see below).

The church has had a relationship for a number of years with the International Christian Assemblies church operating in the Kibera slums of Nairobi, Kenya. Due to a number of concerns with how donations were being handled the trustees decided to end financial support to Bishop Andrew Ouma in September 2023.

However, the ‘Girls in School’ project which was initiated by two members of the church to help girls remain in school in Kibera after they start menstruation has continued. A successful visit was made to Nairobi in July 2023 to distribute sanitary product kits to girls and speak in classes in two primary schools.

5

BEACON CHURCH HAVANT

TRUSTEES REPORT continued FOR THE YEAR ENDED 31st MARCH 2024

Safeguarding of Children and Adults at Risk of Harm

The charity operates a documented Safeguarding Policy which was last updated in October 2021. The church is a member of ‘thirtyone:eight’, formerly known as the Churches Child Protection Advisory service (CCPAS). DBS clearances are maintained for all church members who are working with children, young people or adults at risk. The Safeguarding policy is overseen by two church members with experience in this field, one of whom has now become a trustee. A replacement overseer is being sought.

Commentary on the Statement of Financial Activities

Income and Expenditure

These accounts cover the period from transfer of funds to the CIO on 1[st] July 2023 to 31[st] March 2024. In order to facilitate comparisons of the full financial year 2023/24 with the previous year the following tables combine the income and expenditure reported for the previous Trust (Havant Community Church) and the CIO.

INCOME (including Havant Community Church Trust until INCOME (including Havant Community Church Trust until 30/6/2023)
TOTAL TOTAL
2023/24 2022/23
a) Donations and Legacies
Gifts and Donations 144,731 134,044
Income Tax Repayments 22,110 20,856
Special Offerings 1,100 2,500
167,941 157,400
b) Trading Activities 0 0
c) Investments
Bank Interest 1292 0
1292 0
d) Charitable Activities
Fundraising 948 1,054
Outside Bookings 4,523 2,562
Fees Received 5,687 293
Children's Groups Fees 1,115 701
Events Income 1,120 859
Beacon Lounge Sales 5,691 6,398
Beacon Housing 48,404 43,942
67,487 55,809
e) Other Income
Miscellaneous Income 589 38
Beacon Housing PIP Income 5,438 19,154
6,027 19,191
TOTAL INCOME 242,748 232,400

6

BEACON CHURCH HAVANT

TRUSTEES REPORT continued FOR THE YEAR ENDED 31st MARCH 2024

EXPENDITURE (including Havant Community Church Trust EXPENDITURE (including Havant Community Church Trust until 30/6/2023)
TOTAL TOTAL
2023/24 2022/23
a) Raising Funds 0 0
b) Charitable Activities
Administration 9,890 8,628
Bank Charges 64 79
Establishment 40,335 37,034
Hire of Premises 266 0
Staff Costs 48,896 38,849
Gifts to Staff & Volunteers 145 0
Events Costs 620 515
Outside Bookings Costs 670 0
Parent & Toddler Group 155 156
Gifts Made 8,600 10,495
Church Ministry 3,989 3,036
Beacon Lounge: Cost of Sales 2,247 2,002
Beacon Food Bank: Operation Costs 40,174 24,519
Beacon Food Bank: Payroll Costs 29,213 26,606
Beacon Housing: Operation Costs 33,579 33,400
Beacon Housing: Payroll Costs 6,600 5,372
Beacon Housing PIP Payments 3,823 3,388
Girls In School Project (Kibera) 2,676 2,964
Fees Paid 3,919 2,282
Other Expenditure 181 116
Depreciation (General) 3,949 2,287
Accounts Examination 1,200 840
241,192 202,570
TOTAL EXPENDITURE 241,192 202,570

Excluding the PIP funds received by Beacon Housing, total income increased this year by 11.2% to £237,310. This included £5,687 in fees for a church weekend away (cf. £293 fees in 2022/23). Financial donations to the church rose by 12% and Outside Bookings income rose by 75%. However, Beacon Lounge sales fell back by 11%.

Total expenditure, excluding PIP payments, was 19% higher than 2022/23 at £237,639. Significant increases in expenditure occurred in Church Ministry (up 31%), Church Staff Costs (up 26%) and in Beacon Food Bank (up 36%) primarily due to the need to purchase much more food. On the other hand external gifts made fell by 18%.

Restricted funds (see Note 5) comprise the Beacon Food Bank and Beacon Housing project funds, the PIP fund held for a Beacon Housing tenant, funds for the Kibera ‘Girls in School’ project, and a fund to hold other restricted gifts and fees which are directly passed on.

Balance Sheet

Compared to the value transferred from the Trust on 1[st] July 2023, fixed assets decreased by 15% to £8,913 with £3,030 spent on additions. Net current assets increased by just £400 leaving total funds at year end about 1% down at £144,880; comprising £117,561 in Restricted Funds (up 4%) and £27,319 in Unrestricted funds (down 17%).

7

INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS

Report to the trustees and members of Beacon Church Havant on the accounts for the period ending 31[st] March 2024 set out on pages 10 to 19.

Respective Responsibilities of Trustees and Examiner

The Charity's trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Act), and that an independent examination is needed.

It is my responsibility to:

Basis of Independent Examiner's Statement

My examination was carried out in accordance with General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the organisation 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 the 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 the course of my examination, no matter has come to my attention

  1. which gives me reasonable cause to believe that in, any material respect, the trustees’ requirements: · to keep accounting records in accordance with section 130 of the Act; and

  2. to prepare accounts which accord with the accounting records, comply with the accounting requirements of the Act and with the methods and principles of the Statement of recommended Practice: Accounting and Reporting by Charities.

have not been met; or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

K Gomes FCIE, MAAT Independent Examiners Ltd Unit 2, The Broadbridge Business Centre Delling Lane BOSHAM West Sussex PO18 8NF

9.10.24 Date:

9

BEACON CHURCH HAVANT

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31[st] MARCH 2024

Notes
INCOME AND ENDOWMENTS FROM:
Donations and Legacies
3a
Trading Activities
3b
Investments
3c
Charitable Activities
3d
Other Income
3e
TOTAL INCOME
EXPENDITURE ON:
Raising Funds
4a
Charitable Activities
4b
TOTAL EXPENDITURE
NET INCOME/ (EXPENDITURE)
Revaluation of Stock
2
Transfer Between Funds
5
Initial Funds Transferred from Trust (May 2023)
Total Funds Transferred from Trust (1/7/2023)
Total Funds Brought Forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
Restricted
TOTAL
Funds
Funds
2023/24
9 months
£
£
£
77,748 49,228
126,976
- - -
- 869 869
9,734
40,845
50,579
367 4,250
4,617
87,849
95,192
183,042
- - -
93,356
90,791
184,148
93,356
90,791
184,148
(5,507) 4,401 (1,106)
(93) - (93)
- - -
10 30 40
32,909 113,129 146,039
27,319 117,561 144,880

Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.

The notes on pages 12 to 19 form part of these financial statements.

10

31-Mar Ol-Jul
Unrestricted Restricted 2424 2f,23
Funds Funds Total Total
Note E E f. E
Fixed Assets
Tangible assets 2 7,934 t,079 8,913 t0,477
CurrentAssets
Stock 824 824 9L7
Cashatbankandinhand 6 38,431 L22,62A 161,052 132,374
Debtors:duewithinoneyear 7 5,629 t,323 6,952 7,231
Debtors:duein more thanoneyear 8
Total CurrentAssets 44,884 t23,944 168,828 ,40,522
Creditors:duewithinoneyear 9 25,399 7,462 32,860 4,960
NET CURRENT ASSETS 19,485 LL6,482 t35,967 135,562
TOTAL ASSETSlesscurrent liabilities 27r3t9 lL7,56L 144,880 146,039
Creditors: amounts fallingdue
in more thanoneyear 10
NET ASSETS 27319 tI7,56L L44,W L46
Fundsof the Charity
Unrestrictedfunds 27,319 27,3L9 32,9O9
Restricted funds LL7,56L 1L7,551 LL3,L29
TotalFunds 27,319 LL7.56L 144,880 146,039

BEACON CHURCH HAVANT

NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 31[st] MARCH 2024

1. ACCOUNTING POLICIES

The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

The Charity meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

The Charity has claimed exemptions available in Section 1a of FRS 102 not to prepare a cash flow statement since it is a small charity.

Voluntary income is received by way of donations and gifts. It is shown in full in the Statement of Financial Activities, when received. Gifts in kind are valued at their estimated value to the organisation and are included under the appropriate headings.

Intangible income is valued and included in income to the extent that it represents goods or services where another party is bearing the financial cost and the benefit is quantifiable. Where it is difficult or not possible to quantify the benefit, or where there is no financial cost borne by another party (e.g., volunteers), the accounts do not include the intangible income.

Grants, including grants for the purchase of fixed assets, are recognised in full in the Statement of Financial Activities in the year in which they are received.

Restricted funds are to be used for specified purposes as required by the donor. Expenditure which meets these criteria is allocated to the relevant fund. Income derived from these funds is retained within the funds concerned. Designated funds are unrestricted funds which the trustees have designated to be used for a specific purpose. Where these funds yield investment income, this is available for general purposes. Unrestricted funds are funds which are not designated or restricted.

There has been no change to the accounting policies (Valuation rules and methods of accounting) since last year.

Depreciation of fixed assets is calculated to write off their cost or valuation less any residual value over their estimated useful lives at the rate of 25% on the straight line basis.

2. TANGIBLE FIXED ASSETS

EQUIPMENT
Cost
01-Jul-23
Disposals
Additions
Cost at
31-Mar-24
Depreciation
01-Jul-23
Disposals
Charge
Depreciation at
31-Mar-24
Net Book Value
31-Mar-24
Net Book Value
01-Jul-23
NB All asse		 Restricted Unrestricted Total
Sundry
Fixtures
Equipment
& Fittings		 Sundry
Computer
Fixtures
Equipment
Equipment
& Fittings
£
£
2,469
1,518
165		 £
£
£
33,112
4,784
35,721
(120)
487
88
2,289		 £
77,604
(120)
3,030
2,634
1,518		 33,479
4,872
38,010		 80,513
1,843
585
266
380		 31,131
4,232
29,336
(120)
876
357
2,715		 67,127
(120)
4,594
2,109
965		 31,887
4,589
32,051		 71,601
525
554		 1,592
283
5,959		 8,913
626
933
ts were transferred from th		 1,981
552
6,385
e Trust on 1stJuly 2023.		 10,477

12

BEACON CHURCH HAVANT

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR YEAR ENDED 31[st] MARCH 2024

3. INCOME AND ENDOWMENTS FROM:

a) Donations and Legacies
Note
Gifts and Donations
5,14,15
Income Tax Repayments
14
Special Offerings
5
b) Trading Activities
c) Investments
Bank Interest
d) Charitable Activities
Fundraising
14 & 15
Outside Bookings
Fees Received
Children's Groups Fees
Events Income
Beacon Lounge Sales
Beacon Housing
15
e) Other Income
Miscellaneous Income
Beacon Housing PIP Income		 Unrestricted
Restricted
TOTAL
Funds
Funds
2023/24
9 months
£
£
£
64,624
45,531
110,154
13,125
3,198
16,322
500
500
77,748
49,228
126,976
0
0
0
869
869
0
869
869
783
783
3,587
3,587
1,105
1,105
765
765
1,063
1,063
4,319
4,319
38,957
38,957
9,734
40,845
50,579
367
170
537
4,080
4,080
367
4,250
4,617

13

BEACON CHURCH HAVANT

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR YEAR ENDED 31st MARCH 2024

4. EXPENDITURE ON:

Note
a) Raising Funds
b) Charitable Activities
Administration:
Catering Supplies
Cleaning and Household
Insurance
Printing and Photocopying
Repairs and Renewals
Stationery and Postage
Subscriptions and Licences
Telephone & Internet
Training
Bank Charges
Establishment
Hire of Premises
Staff Costs
11
Gifts to Staff & Volunteers
Events Costs
Outside Bookings Costs
Parent & Toddler Group
Gifts Made:
Local Community Gifts
5
Ministry Gifts to Individuals
Ministry Gifts to Organisations
Special Offerings
5
Other Gifts to Individuals
Church Ministry:
Catering
Alpha Courses & Outreach
Staff Expenses
Visiting Ministry
Youth and Children's Work
Other
Beacon Lounge: Cost of Sales
Beacon Food Bank: Operation Costs
14
Beacon Food Bank: Payroll Costs
11 & 14
Beacon Housing: Operation Costs
15
Beacon Housing: Payroll Costs
11 & 15
Beacon Housing PIP Payments
Girls In School Project (Kibera)
5
Fees Paid
Other Expenditure
Depreciation (General)
Accounts Examination		 Unrestricted
Restricted
TOTAL
Funds
Funds
2023/24
9 months
£
£
£
0
0
0
468
468
2,388
2,388
912
912
528
528
1,436
1,436
23
23
1,259
1,259
784
784
194
194
46
46
31,686
31,686
0
0
36,988
36,988
145
145
572
572
581
581
155
155
1,700
1,700
2,700
2,700
1,050
1,050
850
850
200
200
505
505
979
979
533
533
700
700
143
143
673
673
1,699
1,699
33,284
33,284
21,995
21,995
25,011
25,011
5,100
5,100
2,985
2,985
992
992
0
0
155
155
3,949
3,949
406
374
780
93,356
90,791
184,148

14

BEACON CHURCH HAVANT

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR YEAR ENDED 31st MARCH 2024

5. RESTRICTED FUNDS
Note
Beacon Food Bank
14
Beacon Housing
15
Beacon Housing PIP Fund
Restricted Gifts & Fees
Kibera (Girls in School) Fund		 Balance
Transfers
Balance
01-Jul
Income
Expenditure
Between
31-Mar
2023
Funds
2024
£
£
£
£
£
73,266 45,336 55,470 -
63,132
24,384 39,136 30,294 -
33,225
16,332 4,202 2,985 - 17,549
- 852 1,900 1,050 - (2)
- 4,649 992 - 3,657
113,130 95,222 90,791
0 117,561

Beacon Food Bank: provides funds for free food hampers and other emergency food support for people in genuine need in the Havant Borough area.

Beacon Housing: provides supported housing for men at risk of homelessness on the Wecock Farm estate.

Beacon Housing PIP Fund: holds Personal Independence Payments on behalf of one of the residents of the Beacon Housing project on request of DWP.

Restricted Gifts & Fees: the receipt and forwarding of fees and designated donations made by church members for individuals or other ministries, including Gift Aid claimed on those gifts where appropriate.

Kibera (Girls in School) Fund: holds donated funds designated for use by the ‘Girls In School’ project, run by church members to serve schools in the Kibera slums of Nairobi, Kenya.

6. CASH AT BANK AND IN HAND

General:
Current Account
Cash in Hand
Beacon Lounge:
Cash in Hand
Beacon Food Bank:
Current Account
Cash in Hand
Savings Account (95 days)
Beacon Housing (incl. PIP Fund):
Current Account
PIP Fund Account
Savings Account (95 days)		 Unrestricted
Restricted
Total
Total
Funds
Funds
31-Mar-24
01-Jul-23
37,526 3,654 41,180 17,819
245 - 245 307
661 - 661 509
- 14,002 14,002 20,623
- 78 78 486
- 50,870 50,870 50,282
- 21,213 21,213 17,206
- 17,549 17,549 -
- 15,253 15,253 25,141
38,431
122,620
161,052
132,374

15

BEACON CHURCH HAVANT

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR YEAR ENDED 31st MARCH 2024

7. DEBTORS AND PREPAYMENTS: AMOUNTS BECOMING DUE WITHIN ONE YEAR

Trade Debtors
Income Tax Recoverable
VAT Recoverable
Southern Electric
Beacon Housing Energy Account
Salary error to be refunded (Beacon Housing)
Deposits not cleared at bank
Refund due to Beacon Food Bank from church (supplies)		 Unrestricted
Restricted
Total
Total
Funds
Funds
31-Mar-24
01-Jul-23
£
£
£
£
304 -
304 342
5,127 854
5,981
5,788
- - - 298
- - - 74
- 324 324 636
- 90 90 -
197 - 197 19
- 56 56 74
5,629
1,323
6,952
7,231

8. DEBTORS AND PREPAYMENTS: AMOUNTS BECOMING DUE IN MORE THAN ONE YEAR

The Charity has no debtors or prepayments becoming due in more than one year.

9. CREDITORS: DUE WITHIN ONE YEAR

Pension Contributions
Independent Examiners Fees
Tax and Social Security
VAT Owed
Refund due from Church to Beacon Food Bank (supplies)
Rent/Service Charge for 2023/24 (not billed at 31/3/24)
Cheque not cleared at bank
Trade Creditors		 Unrestricted
Restricted
Total
Total
Funds
Funds
31-Mar-24
01-Jul-23
£
£
£
£
219 103
322
310
406 374
780
1,260
449 -
449
247
401 -
401 -
56 -
56 74
23,647 3,502
27,150 -
200 -
200 -
22 3,482
3,504
3,068
25,399
7,462
32,860
4,960

10. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR

0 0 0 0

16

BEACON CHURCH HAVANT

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR YEAR ENDED 31st MARCH 2024

11. STAFF COSTS AND NUMBERS
Gross Wages and Salaries
Employer's National Insurance Costs
Employer's Pension Contributions		 2023/24
9 months
£
62,169
0
1,915
64,083

The Charity operates payroll under a PAYE scheme.

No employees received emoluments in the range of £50,000 to £60,000.

Equivalent full time employees who were engaged in each of the following activities at year end:

Activities in furtherance of organisation's objects
Fundraising Activities		 31-Mar-24
TOTAL
3.2
0
3.2

12. TRUSTEES AND OTHER RELATED PARTIES

Salaries and Expenses paid to trustees and related parties were as follows:

P Butcher
C Darmanin
K Darmanin
A Waters
Total Paid		 Net
Training/
Entertain-
Travel &
Employer
Cleaner
TOTAL
Salary
Conference
ment
Subsistence
Pension
Fees
2023/24
£
£
£
£
£
£
£
4,961 24 - - - - 4,985
13,594 85 255 44 799 - 14,777
2,863 85 - 234 - 1,047 4,229
2,355 - - 93 - - 2,448
23,773 194 255 371 799 1,047 26,439

Two trustees and two related parties received benefits as detailed above, of which entertainment, travel & subsistence expenses were reimbursements. No other payments were made to trustees or any persons connected with them during this financial period.

No material transaction took place between the organisation and a trustee or any person connected with them.

A total of £25,644 was donated to the charity by the trustees and related parties.

13. RISK ASSESSMENT

The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining sufficient free reserves, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The level of free reserves has remained steady this year and budgets are being set to ensure reserves remain at a sustainable level. The trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.

17

BEACON CHURCH HAVANT

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR YEAR ENDED 31st MARCH 2024

14. BEACON FOOD BANK
INCOME
Fundraising
Gifts and Donations
Income Tax Repayments
Miscellaneous Income
EXPENDITURE
Food and Sundries
Christmas Hamper Gifts
Gifts to Other Organisations
Gifts to Volunteers
Administration:
Depreciation
Mobile Phone
Publicity and Printing
Repairs and Renewals
Stationery and Postage
Storage Unit:
Electricity
Rent
Staff & Volunteer Expenses
Payroll: Staff		 2023/24
9 months
£
708
41,512
2,348
170
44,738
23,815
1,823
650
48
645
101
214
457
22
1,159
3,502
848
21,995
55,279

The income above does not include donations of food and personal hygiene items which significantly add to the financial donations in value. At present the charity is not able to place reliable valuation on these donations.

18

BEACON CHURCH HAVANT

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR YEAR ENDED 31st MARCH 2024

15. BEACON HOUSING
INCOME
Gifts and Donations
Housing Benefit Income
Rent Supplement Income
Tenants’ Fundraising
EXPENDITURE
House Lease Rent
House Maintenance
House Running Costs
Housing Team Costs
Staff & Volunteer Expenses
Payroll: Staff
Gifts to Tenants
Tenants’ Fundraising Payments		 2023/24
9 months
£
-
38,140
817
-
38,957
17,410
1,458
4,860
1,049
93
5,100
126
16
30,111

16. GRANTS

No grants were provided during the year 2023/24.

17. PUBLIC BENEFIT

The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the trustees report. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.

18. ANNUAL COMMITMENTS

The charity has no annual capital commitments but does have obligations regarding leased premises:

19