Independent examiner's report on the accounts
Section A Independent Examiner’s Report
| Report to the trustees On accounts for the year ended Set out on pages |
Charity Name The Church of the First Born |
Charity Name The Church of the First Born |
Charity Name The Church of the First Born |
|---|---|---|---|
| 31 March 2024 | Charity no (if any) |
268857 | |
| (remember to include the page numbers of additional sheets) |
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 / 03 / 2024 .
Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’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 145(5)(b) of the Act.
Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts 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 this report in order to enable a proper understanding of the accounts to be reached.
- Please delete the words in the brackets if they do not apply.
| Signed: Name: Relevant professional qualification(s) or body (if any): Address: |
22 Dec 2024 | |
|---|---|---|
| Bernard Redhouse | ||
| 164a Kenton Road |
1
Oct 2018
IER
Harrow HA3 8BL
Section B Disclosure
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .
2
Oct 2018
IER
REGISTERED CHARITY NUMBER: 268857
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2024
for
The Church of the First Born
Redhouse & Associates Business Services Ltd 164a Kenton Road Harrow Middx HA3 8BL
The Church of the First Born
Contents of the Financial Statements for the year ended 31 March 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 8 |
The Church of the First Born
Report of the Trustees for the year ended 31 March 2024
The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objects of the society, principal activities and organisation
The Charitable Trust is constituted by the Trust Deed, and its objects are to further the Christian faith through the spread of the Gospel of Jesus Christ throughout the world.
Public benefit
The Church benefits the public by providing prayer halls and services for individuals to pray.
ACHIEVEMENT AND PERFORMANCE
Development, activities and achievements this year
The trust has continued to benefit this year from donations received. This has enabled the trust to continue supporting services and providing prayer halls for services.
FINANCIAL REVIEW
Financial review
The trust continues to manage its resources prudently, and to make payments in accordance with the trust deed, and within its own financial resources.
Reserves
The trust's reserves policy is such that the funds held are sufficient to continue running services and education costs for at least one year.
FUTURE DEVELOPMENTS
The trust will continue to hold services and provide buildings for services.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Risk review
The trustees regularly review the major risks which the charity is exposed at its regular meetings. Internal risks are minimised by the implementation of procedures for authorisation of all transactions and projects and to ensure consistent quality of delivery for all operational aspects of the charity.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
268857
Principal address
3 Cowbridge Road Harrow HA3 9QA
Page 1
The Church of the First Born
Report of the Trustees for the year ended 31 March 2024
Trustees
L Johnson A Johnson V Martineau D Montague B Williams D McLean L Hayden (resigned 31.3.2024)
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
a�ce�� � Signed on 01/12/24 @ 22:15
........................................................................ D McLean - Trustee
Page 2
The Church of the First Born
Statement of Financial Activities for the year ended 31 March 2024
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 35,953 EXPENDITURE ON Charitable activities Charitable activities 76,059 NET INCOME/(EXPENDITURE) (40,106) RECONCILIATION OF FUNDS Total funds brought forward 178,807 TOTAL FUNDS CARRIED FORWARD 138,701 |
Restricted fund £ - - - 14,665 14,665 |
2024 Total funds £ 35,953 76,059 (40,106) 193,472 153,366 |
2023 Total funds £ 30,148 34,962 (4,814) 198,286 193,472 |
|---|---|---|---|
The notes form part of these financial statements
Page 3
The Church of the First Born
Balance Sheet 31 March 2024
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 4 107,000 CURRENT ASSETS Cash at bank 33,201 CREDITORS Amounts falling due within one year 5 (1,500) NET CURRENT ASSETS 31,701 TOTAL ASSETS LESS CURRENT LIABILITIES 138,701 NET ASSETS 138,701 FUNDS 6 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted fund £ - 14,665 - 14,665 14,665 14,665 |
2024 Total funds £ 107,000 47,866 (1,500) 46,366 153,366 153,366 138,701 14,665 153,366 |
2023 Total funds £ 107,000 87,972 (1,500) 86,472 193,472 193,472 178,807 14,665 193,472 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
a�ce�� � Signed on 01/12/24 @ 22:15 ............................................. D McLean - Trustee
The notes form part of these financial statements
Page 4
The Church of the First Born
Notes to the Financial Statements for the year ended 31 March 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, 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 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
continued...
Page 5
The Church of the First Born
Notes to the Financial Statements - continued for the year ended 31 March 2024
| 3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 30,148 EXPENDITURE ON Charitable activities Charitable activities 34,962 NET INCOME/(EXPENDITURE) (4,814) RECONCILIATION OF FUNDS Total funds brought forward 183,621 TOTAL FUNDS CARRIED FORWARD 178,807 4. TANGIBLE FIXED ASSETS COST At 1 April 2023 and 31 March 2024 NET BOOK VALUE At 31 March 2024 At 31 March 2023 5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 6. MOVEMENT IN FUNDS At 1.4.23 £ Unrestricted funds General fund 178,807 Restricted funds Restricted fund 14,665 TOTAL FUNDS 193,472 |
Restricted fund £ - - - 14,665 14,665 2024 £ 1,500 Net movement in funds £ (40,106) - (40,106) |
Total funds £ 30,148 34,962 (4,814) 198,286 193,472 Freehold property £ 107,000 107,000 107,000 2023 £ 1,500 At 31.3.24 £ 138,701 14,665 153,366 |
|---|---|---|
continued...
Page 6
The Church of the First Born
Notes to the Financial Statements - continued for the year ended 31 March 2024
6. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 35,953 TOTAL FUNDS 35,953 Comparatives for movement in funds At 1.4.22 £ Unrestricted funds General fund 183,621 Restricted funds Restricted fund 14,665 TOTAL FUNDS 198,286 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 30,148 TOTAL FUNDS 30,148 A current year 12 months and prior year 12 months combined position is as follows: At 1.4.22 £ Unrestricted funds General fund 183,621 Restricted funds Restricted fund 14,665 TOTAL FUNDS 198,286 |
Resources Movement expended in funds £ £ (76,059) (40,106) (76,059) (40,106) Net movement At in funds 31.3.23 £ £ (4,814) 178,807 - 14,665 (4,814) 193,472 Resources Movement expended in funds £ £ (34,962) (4,814) (34,962) (4,814) Net movement At in funds 31.3.24 £ £ (44,920) 138,701 - 14,665 (44,920) 153,366 |
|---|---|
continued...
Page 7
The Church of the First Born
Notes to the Financial Statements - continued for the year ended 31 March 2024
6. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 66,101 | (111,021) | (44,920) |
| TOTAL FUNDS | 66,101 | (111,021) | (44,920) |
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
Page 8