Three Counties churches of Christ Reports & Accounts Financial Year Ending 3111212024 Contents Legal & AdministratNe Details Trustees Report Independenl Examiners Report Receipts & Paymerrts Ststement Asset & Liability Slateffent Notes lo Ihe Accounts Created using ExpensePIus
Legal & Administrative Details Charty Name: Three Counties churches of Christ Charity Number. 1207942 Charty Address: 8 Ludlow Way Crox VID33SH Truslees.. Malcolm Cox (Appoirrted 22104120241 Penny Cox (Appointed 22104120241 Charl Olibller {Appointed 22104r20241 Bronwen Olivier IApp)inled 22103120241 Becky Makinson (Appointed 22104r20241 Dan MansOn (Apwnted 22104120241 Independent Examiner." Tunde Odediran 16. Repton Way, Croxley Green, VdD3 3PW
Trustees Report Objects of the charity The objecls of the CIO are.. To advance the Christian faf(h for the benefft of the pUtlC in ance with Chnstian principles. This will be done through prayer meetings. worship and leaching services. and children-focused events. The aim is lo encourage the living out of Christian prSe5. Ihe imrtaiion of Christ. and the showing of his love on earth to all people. The fundamenlal of our farth is that we belEve in one God and that. through His tremendous sacrificial love for us, we can have a pwsonal relationship with him. Our reSnSe is to setve him and those around us. Summary of the charity's main activities and achievements To further the above obpcls and vision, the chantyts main &tNrtEs and &hievemenls were as follows.. Summary of Main Activrties and AChVeMents (First Six Months of 2024IThe charty mMenCed operations in 2024The ICCM provided initial funding of £94.295. representing donations from members of the ¢ongregalion to support the establishment of the charity's work.The trustees were appointed from Ihe existing leadership team, ensuring conlinuty of governance and oversight. Malcolm Cox conlinued in his role as part-lime minister. and the charity conlinued the rental agreernenl wrth Wesl Walford Free Church to FKOVKle surtable premises lor worship and ministy activities. The first xtNitEs were to set up the infrastrudure of the charity including: Processes and p)Iwies I i Financial aspects like a bank account. HMRC accounts and contracts f Other governance matters like safeguarding arrangements and insurance In accordance with ils charitable objective lo ajvance Ihe Christian farth for the benefft of the public in accordance wrth Christian principles, the charity continued the consislent pattem of worship and teaching. Weekty Sunday services continued to be held. complemented by men's and women's mini51ry events and a children's church catering for a range of age groups from four years upwards. During this period. the facl1rtS were used for a numtw of athrties. a Welkbeing Conferen, one off leaching evenls. social events designed to errage fellowship and connections and evenls which provided opportunities for leaching. fellowship. and the promotion of spiritual and emotional hearth. The charity maintained strong Connections with the w¢der communty of asswated churches, hosting visrting speaker5 and encouraging GollatK)ration and mutual support across congregations. Malcolm also contributed to this ¥der fellowship through speaking engagements at other churches.
Throughout its initial six frKMths. the charity's aCtiVrt have focused on encouraging the practical expression of Chrislian farth, fostering discipleship. and demonstrating the love of Chnsl wrthin the congregation and the wider communty. Plans for the Next PenodLooking ahead. the charity plans to deepen its tsus on family and parenting support through the introduction of the Good Enough Parenting course, dessned lo strengthen family relationships and equip parents with biblicalty based Principles for nurturing their children. Particular emphasis will be placed on supporting parents of teens and pre-leens. recognising the importance of fartlbaSed guidance during this fOrntIVe stage of developmenl. In addition. the Injstees intend to revigH and develop a mediurTrtemi staffing ptan to ensure the continued effecttveness and su$tainabilty of the charrty's nNnislry. This wll indude consKleralion of future leadership and ministry needs as the chanty grows. alOngse the ongoing development of volunteer teams and administrative support. In planning the activrties, the trustees have 8ppIEd the guidan on public benefft issued by the Charity Commission. Financial Review Financial Review for the PeTiod Ended 31 December 2024 The year 2024 represented the chanty's first perNJd of operation following its eslablishment in April but operation from Juty 2024. The charty began the year with an initial inllow of £94.295 from the ICCM. This amount represented the Iransfer of contribulions previousty made by members of the Watford Congregation of that charty. fomiing the chanty's opening fvnds and providing a strong financial foundation for its activities. During the period, the charrty received £19.397 in nEmber oyrtributions refiecting the generosty and ongoing commitment of rts member5 and supporters. Totsl income for the per therefore arrKJunted lo £113,692. An amount of £4.849 is due fr¢)m HMRC for Grfi AKJ for the year whh was not received {and not accounted for In the receipts and payments). Total eXpendr(U paid in the sarrE pencJ comwises administratrve costs- £1.484, detailed as follows.. Accounting software- £105 Insurance - £320 Bank charge5- £25 Catering- £209 Children's ministry- £235 Event costs - £201 Safeguarding- £389 Addrtional key costs which a accrued Iso shown as a Irat)ilty at 31 Decernber 2024} include..
Venue hire- £1,8CKi Conlraclor costs- £7,350 Camp sUbSles- £225 Benevolence support- £175 On an accruals basis Ihis resulted in a net surplus of £107.506 for the perirml, which has been carried foThvard to support fvture rninistry. teaching. and communty engagement inrtiattves. Cash Receipts.. £113.692 Cash EXpendrtu.' £1.485 Closin9 Balance.. £112.207 A¢crued receipts (Grft AKII: £4,849 Accrued expendrture." £9.550 Closing reserve". £107.506 Funds in Deficlt Reserves Policy The trustees have considered the level of reserves Ihat the charity should maintain to ensure the continuty of rts activttEs and the effective delivery of Tts charrtable objectives. As Ihe chanty is in its first year of operation. a cautious approach has been alopted to establish a secure financial foundation for future grTh•rth. Al 31 December 2024, the chanty held reserves of £107,506, representing the surplus of income over expendlture for the penod These fvnds are held in the chanty's deSnated bank accounts and a available lo meet short- and medium-tern CMItMentS, including venue hire, staffing, and programme costs. The trustees intend lo maintain sufficient reserves to cover at least Six nnthS of operating expendrture, providing stabilty in the event of income fluctuations or unforeseen ¢ircumstances. A portion of the reseryes may be designated in future years to support ministry initkgtives, including family and youih progfammes. leadership development, and communty outreach. The truslees review the reserves PK)51tion on a regular basis to ensure that funds a held at an appropriate level, in accordance wrth the chanty's finanaal strategy and its commrtment lo good stewardship of resources entnjsted for the advancement of the Chrislian faith.
Signature This report was approved by the trustees, and is SKJned on their behaw by.. Name Jowl C'iikni Sigttatt Dale Izlioliois
Receipts & Payments Statement lknaliOrlS & LegtlÉS 10.J¥T 19.J¥T Gfft Aio Evqm Bank Intere¥ R•ntd SthofFIx•oAuJ Tr•75ferifj ICCM 94 C•nng Cc4ti xi nay 1185 Cash Brmht 112JT 112207
Asset & Liability Statement Cash Assets Yèar 1123)7 Other Monetary Assets Ploir-4 Fixed Assets NrAv% E51pKroi 8 Bwlu*ryl M& PA & rr Fumrtu V8h Liabilities P4ntC-9 HMRC P• 9.550 Signaturn These accounts have been appr¢)ved by the Irustees. aTrJ afe signed on their behalf by.. Name wen Oli¥iel Date 11 iolzozs
Notes to the Accounts Accounting Policies The accounts have been prepared on a receipts and payments basis and comprise a ststemenl that shows the chaty's receipts and payments. a statement that summarises the charty's assets and liabiltties and related notes. The accountancy profession have determined that only accounts prepared in accordance with applicable accounling standards pSent a 'true 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 nol intended lo present) a 'true and fairf view of the d)anty's finanaal actNities and slate of affairs. General funds are unrestricted funds wh¢h are available for use at the discretion of the trustees in furtherance of Ihe general objectives of the charity. DesNJnated funds Comprise Un$tlcted funds that have been sel aside by the trustees for partbcular purwses. Restricted funds are donations which are lo be used in accordance with specffic festrictions imposed by donors., they include donation5 receNed from appeals for specific activityas or Projects. Transactions to Related Parties One of the Trustees serves as the minister. self employed and paKI on a mntractor basis {part lime). Although no payments were made in the period. £7.350 is Ued in the Ibil1eS for the year for 2024. There were no other transactions with related parties during Ihe accounting penod. Movement of Funds lu¥h basis FiinJ NAM Gen•ra (Unr•th•d) 113$92 112207 1485 17J.fZ Movement ol Funds (accrual basis) Ftrnd NJth¢ GenEY.UYrtsBa, 118 54. 107 110541 11.035
Independent Examiners Report 311 rt to Ihe tru5tee5 on my examlnatM)n tyf the Counts01Th¢e Cre5 cMwche5 01 Cht (Yhe thanty'l for the ye•rended 2r2024. ResponsibilitlÈ$ 3nd 80515 of Report As the trustees of the chanty you are re5PmsiD forV prep¥akn rfthe acctyJTts In accordance wrth the ofthe Cha•eS Art 2011 1.the 2011 Act'l. I report In respect ol my exarninan of the ch¥Jty's accMIs carried rArt undef sectim 145 of the 2011 Art and th ¢atyn examinabon I have Idlowed all the apt4table gwi by the Chanty Commsyon ulr secbon 1451511bl of the 2 out my IiArt Independent aMiS Statwnent I have compjered m examinaton. I conllrn that nD ma¢tri•l mottu5 my attentsrn in crmnection with the exam1knOn giving me cause to ¢ve that In any materi311Èspett'. l. acipuntyng cordS were not kept In accordance ?th section 130 of 2011 £L' 2. the occounts do not actorf with the acctyJnbr¥J rKord I have no concerns arNI htyve come acr055 no 01 matter5 in cnelOn *rth Èx•rninat¥ to atrèntsw should be drawn in order to enabFe a proper lErStand1T4 of the accowr5 EO h¢. Independent Examinerfs Detsi Name. Tunde Odethran C4r ress. 16, Way. Croxky Green. WD3 3nY X- IK) -