COLLECTIVE // C H U R C H Collective Church UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025 Charity number.. 1202932 COLLECTIVE CHURCH CONTENTS PAGE REFERENCE AND ADMINISTRATIVE INFORMATION REPORT OF THE BOARD OF TRUSTEES INDEPENDENT EXAMINER'S REPORT RECEIPTS AND PAYMENTS ACCOUNT STATEMENT OF ASSETS AND LIABILITIES NOTES TO THE ACCOUNTS 9-11 COLLECTIVE CHURCH REFERENCE AND ADMINISTRATIVE INFORMATION for the year ended 31st August 2025 Charity Name.. Collective Church Charity Number.. 1202932 Principal office.. 65 Hamilton Drive East York Y024 4EE Trustees.. D N Marley W E Horner S J Latham Independent Examiner.. R Smith FCA Smalles Goldie Selby Limited Chartered Accountants 20-24 Park Street Selby Y08 4PW COLLECTIVE CHURCH REPORT OF THE BOARD OF TRUSTEES for the period gnded 31st August 202S The trustees are pleased to present their annual report and financial statements of the charity for the period ended 31 August 2025. Objectives and Activities The main objectives of the charity are to advance the Christian faith Ihrough worship, prayer and Christian teaching in York or other areas as the Trustees think fit. In planning the activities of the charity, the trustees have considered the Charity Commission's guidance on public benefit and, in particular. the specific guidance on charities for Ihe advancement of religion. The Charities activities of advancement of the Christian faith through worship. prayer and Christian leaching are available lo the people in York and the wider area to make a positive contribution to the local and wider community. Achievements and Perfomiance Collective Church is a growing church in York with around 130 people and a vision to become a multiplying movement of disciples and churches across the city. Our mission is to help people live and share life with Jesus al the cenlre. In 2024-25, we saw continued encouragement in both numerical growth and spiritual depth. We continue lo reach a wide range of people across the city, including families, young professionals, students, and older adults. A significant area of growth this year has again been among students, with many regularly engaging in church life, exploring the Christian faith. and building meaningful community. Through student Alpha courses, outreach evenls, Sunday gatherings, and ongoing discipleship, we have seen people come to faith in Jesus and lake important next steps in their journey. During the year, eight people were baptised as a public expression of their faith. We remain rooted in our values of authentic community, gospel-centred living, and mission to the city, and conlinue to contribute lo the wider vision of Taking Ground through discipleship. leadership development, church partnership, and evangelism. Financial Review The major risks facing the Charity are: Increase in core costs due to high inflation. A reduction or withdrawal of gift aid if government policy changes. Significant drop in tithes and gifts., and Significant unforeseen expenditure, likely to be related to propety. The Charity manages Ihese risks by regularly reviewing income levels and expenditure levels, cash reserves. The Charity aims to maintain cash reserves al levels that would cover any unforeseen expenditure and loss of income to enable il to continue whilst formulating an alternative financial strategy. Financial summary During the financial year, the charity generated a total income of £68,381, representing a positive growth driven largely by an increase in regular donations from our loyal members. This steady support highlights the strong connection our community has with the charity's work. Total expenditure for the year was £81.072. which was slightly below budget by 10A. Our income sources this year included: Regular donations.. £52,774 One-off gifts.. £6,208 Gift Aid.. £9,179 Expenditure was primarily allocated lo.. StafflLeadership: £50,439 Operations.. £19,620 Discipleship= £6,549 Mission.. £4.329 At the end of the year, the charity held resejves of £26,997, in line with our reserves policy. This strong financial position enables us to confidently continue delivering our services, respond to emerging needs, and invest in future growth. Looking forward, the charity remains committed to increasing income sustainably, managing expendilure prudently, and maximising the impact of every pound raised in pursuit of our mission. Reserves Policy The Trustees have set a reserves policy which requires maintaining free unreslricled cash balances in the general fund amounting to 3 months of ils annual expenditure. Reserves should be maintained at this level which ensures that the charity's core activity could continue during a period of unforeseen difficulty. The reserves should be maintained in an easily aGcessible form. The calculation of the required level of reserves is an integral part of the organisation's annual planning. budget and forecssl cycle. It takes into account risks associated with each stream of income and expenditure being different from that budgeted, planned activity level, the Church's commitments to its stakeholders, future spending plans and expected liabilities. It also reflects as far as possible the current economic limate and trends. Risk mana ement The Trustees have a duty to identify and review the risks which the Charity is exposed to. To enable the Trustees lo manage risks we have systems of internal conlrol to protect and mitigate againsl any reasonably foreseeable risk. The control systems include.. Annual forecasting and budgeting setting, approved by the Trustees. Regular Trustee meetings where financial reports are reviewed. Risk assessments. Delegation of duties. We regularly review the main risks faced by the Charity and the main risks that have been identified are finance, safeguarding, health and safety. We also use a variety of people from either within our partners at Taking Ground or external third parties to provide advice and guidance on the relevant areas of risk. We use people with expertise in the different areas of risk to provide specialist and expert advice. We believe that the intemal financial controls comply with the relevant Charity Commission guidance. Structure, Governance and Management Governin Documen Collective Church is a charity under charity number 1202932 and was registered as a charity on 3 May 2023 and is registered as a charty wilh the Charity Commission. oinlment of Trustees The Trustees keep the comp051tion of the board under review and will seek lo appoint additional members with appropriate skills and expertise should the need arise. Inleresled parties are given details of the background of the charty company in order to make them aware of current activilies. The methods of appointment of Truslees are set oul in the Constitution. Persons willing to be appoinled as Truslees must subscribe lo the Statemenl of Faith attached lo the Constitution. In selecting individuals for appointment, the Trustees are required to have regard to the skills. knowledge and experienc& required for the effective administration of Ihe charity. Decision makin and mana ement The Trustees meet at least 3 times a year to discuss finances, strategic and operational issues and Ihe TTUStees have responsibility for all legal decision making. Related arties and collaborations In pursuit of its objectives, the Charity supports and collaborates with a number of other charitable organisalions and local churches. Takin Ground This is a group of churches connected together and based in Ihe North East of England and North Yorkshire. As a group of churches, we work together to support each other's work, providing joint leadership and training opportunities. Working together with Taking Ground. the Charity has established an intem programme for young people wanting to grow in their leadership skills and faith. Takin Ground Music Taking Ground Music serves not only our church, but all the churches together in Taking Ground, providing creative resources and creating new music and worship events for the wider community to take part in. One Voi We are also an active part of the One Voice unity network of churche5 and Christian charities in York. meeting weekly with church and charity leaders to pray for Ihe city- This report has been prepared in accordan￿ with the special provisions relating to companies subject to the Small Companies Regime within part 15 of the Companies Act 2006. This report was approved by the trustees. and is signed on their behalf by-. W E Horner- Trustee Dale......................... Independent Examiners Report I report to the trustees on my examination of the accounts of This Charity I the charity'l for the period ended 3151 August 2025 which comprise the Receipts and Payments account, Ststemenl of Assets and Liabilities and relevant notes. Respon$ibllllles and Bayis of Report As the trustees of the charity you a￿ responsible for the preparation of the accounts in accordance with the requirements of the Chari(ies Act 2011 {'the 2011 Act'l. I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent Examiner's Statement I have completed my examination. I confirm that no material matters have come to my attention in connection w(ch the examination giving me cause to believe that in any material respect.. a¢counting records were not kept in accordance wlh section 130 of the 2011 Act,. or 2. the accounts do not accord wlh the accounting record,. or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities {Accounls and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached R Smith FCA Smalles Goldie Selby Limited Chartered Accounlanls 20-24 Park Street Selby Y08 4PW Dale.. COLLECTIVE CHURCH STATEMENT OF RECEIPTS AND PAYMENTS forth& yearended 31°, August 2025 Note Unrestrlcted Funds Designatèd Totsl Funds Funds 2025 2025 Total Funds 2024 Receipts Donation5 & legacies 68.161 80 68.241 98.554 Bank interest Totsl incoming ro$ources 140 220 140 68,381 179 98,733 68,161 Payments Charitable activities Govemance costs Total expenditure 80,038 899 80.937 131 80.169 903 81.072 58,634 411 59.045 135 Net recoiptsllpaymentsl 112.7761 85 112,6911 39.688 Transfer be￿een funds Net movement in ca$h funds {12.7761 85 {12.6911 39,688 Reconciliation of funds Totsl cash funds brought forward Total cash funds carried forward 39,633 55 39.688 26.857 140 26.997 39.688 COLLECTIVE CHURCH STATEMENT OF ASSETS AND LIABILITIES as at 316t August 2025 Note Unrestricted Designated Funds Funds Total Funds 2025 Total Funds 2024 Cash assets Bank account Reserve account Stripe account Cash in hand 11,415 11.415 15.319 243 20 24.294 15,179 195 20 15,319 243 20 11.678 15.319 26,997 39,688 Other Monetary a$$gts Liabilities Independent Examination Fee Due 325 325 300 325 325 300 These accounts have been approved by the trustees, and are signed on their behaEf by.. 23-.40 WE Homer- Trustee Date........................ The notes on pages 9 to 11 fomi part of these financial slatemenls. COLLECTIVE CHURCH NOTES TO THE ACCOUNTS for th& year ènded 31°, August 2025 1. Accountlng Policies Basis of preparation The accoun15 have been prepared on a receipts and payments basis and comprise a statement of receipts and payments, a statement of assets and liabilities and related notes. The accountancy profession have determined that only aeeounts prepared in accordance with applicable a¢¢ounling standards present a 'lrue and fairf view and, as these receipts and payments accounts have not land cannot) be prepared in accordance with accounting standards, these accounts do not present land are not intended lo presentl a 'lrue and fair, view of the charity's financial activities and state of affairs. General ￿ndS are unreslricled funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unreslricled funds that have been set aside by the trustees for purposes. Restricted funds are donations which are lo be used in accordance with specbfic restrictions imposed by donors., they include donations received from appeals for specific activities or projects. 2. Donations and logacles Unrèstrlcted Funds Designatsd Funds Total Fund$ Total Fund$ 2025 2024 Regular giving Donations and legacies Gift aid donations 52.774 52,774 50,634 6,208 9,179 80 6,288 38,100 9,179 9,820 68.161 80 68,241 98,$54 COLLECTIVE CHURCH NOTES TO THE ACCOUNTS for th8 year ended 31°, August 2025 3. Charitable activities Unrg$tri¢ted Designated Funds Funds Totsl Funds Totsl Funds 2025 2024 Staff costs 48.299 48,299 35,024 Travel expenses Resources 870 670 561 145 145 178 Training Stationery Marketing Insurance 500 500 348 76 76 490 1,655 1,655 1.435 614 614 411 Sundry Activities 57 57 210 822 822 514 Rent 16.322 16,322 9,485 Discipleship Mission 6.549 6,549 4,423 4,329 4,329 4,588 Taking giound expenses Christmas fundraiser 131 131 379 50 Fur)eral costs 538 80,038 131 80,169 58.634 4. Governance costs Unrestricted Funds Designated Funds Total Fund 2025 Total Funds 2024 Bank charges Independent examination fees 599 603 411 300 300 Total govemance costs 899 903 411 10 COLLECTIVE CHURCH NOTES TO THE ACCOUNTS for the year endad 31st August 2025 Movement in funds Fund name Opening balance Income Expenditure Transfars Closing balance Unrestricted General funds (unreslrictedl 24,454 68.161 80,937 11,678 Designated Reserve13 months running Costs) 15,179 140 15.319 Minibus- Taking ground celebration service 55 80 135 39,688 68.381 81.072 26,997 6. Transactions with Related Parties Will Horner. who is also a Iruslee, is employed by the charty in a leadership role. Remuneration paid, including pension costs in the financial period was £34,42412024- £33,900). Will Horner was also paid a phone allowance in the period of £330. {2024- £2401. There was no remuneration or expenses paid lo any of the other trustees or their related parties during the year ended 31 August 2025, other th8n the reimbursement of direct expenses incurred on behaw of the charity.