Annual Report and Financial Statements for the Year Ended 31 March 2024
The Antioch Community Trust
Charity registration number: 282690
Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF
THE ANTIOCH COMMUNITY TRUST
CONTENTS
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 to 17 |
THE ANTIOCH COMMUNITY TRUST
REFERENCE AND ADMINISTRATIVE DETAILS
Trustees
Graham Worsfold (resigned 31 October 2024) Jonathan Mead, Chairman Dominic McDermott
Charity Registration 282690 Number Principal Office 36 Sweetcroft Lane Uxbridge Middlesex UB10 9LE Independent Examiner G W Schulz FCMA Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF Bankers CafCash Ltd King's Hill West Malling Kent ME19 4TA
Page 1
THE ANTIOCH COMMUNITY TRUST
TRUSTEES' REPORT
The trustees present the annual report together with the financial statements of the charity for the year ended 31 March 2024.
Structure, governance and management
Nature of governing document
The Antioch Community Trust is a registered charity, number 282690, and is constituted under a Trust deed.
Recruitment and appointment of trustees
The management of the charity is the responsibility of the trustees who are elected and co-opted under the terms of the Trust deed.
Organisational structure
The charity is governed by its trustees who take legal responsibility for the financial and statutory compliance of the Charity. New trustees are appointed in accordance with the Trust Deed. The Antioch Community is led by a Community Council of four which oversees the day to day operation of the Community. An Executive Committee comprising the senior leader of the Community Council and the chairman of the trustees, oversee the day to day management of the charity’s financial affairs and meets regularly with the other trustees.
Related party relationships
The charity works closely with European Outreach Trust, The Servants of the Word Trust and Koinonia with which it shares similar objects and to which it makes grants in furtherance of those objects. The charities cooperate on a number of joint projects together, which enhances the ability of this charity to further its charitable objects.
Risk management
The trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
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THE ANTIOCH COMMUNITY TRUST
TRUSTEES' REPORT (CONTINUED)
Safeguarding
The trustees acknowledge the vital importance of having detailed and well communicated safeguarding policies and procedures in place with regular training provided to all. During the year the trustees made a Serious Incident Report to the Charities Commission regarding a historic adult safeguarding incident and updating them on a historic children’s safeguarding incident first reported to the Commission in 2019. During the year the trustees had commissioned two independent reviews, one by Thirtyone:eight and the other by the Christian Safeguarding Service (CCS) to separately look at these, to ensure all the victims who wished to participate were heard, appropriate ongoing support provided and current policies and processes reviewed to ensure a similar situation could not happen again. Following the publishing of the reports (both of which are accessible on the safeguarding pages of our website) CCS was contracted to help us update our children’s safeguarding policy to include an adult safeguarding policy and deliver training to the whole community. New Adult and Children’s safeguarding leads have been appointed and a new safe recruiting process put in place to cover everyone in leadership roles and all those working with children. A new complaints policy was also put in place. For further details please see the safeguarding page on our website: https://www.antioch.org.uk/safeguarding.
Objectives and activities
Objects and aims
The primary object of the charity is the advancement of the Christian faith, which it does through the Antioch Community, an ecumenical Christian community based in West London. The Antioch Community engages in pastoral and evangelistic work, and in cooperating with other charities having compatible aims.
Public benefit
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Achievements and performance
Review of activities
The Antioch Community has a membership of about 100 adults, and provides prayer meetings, numerous small fellowship groups, activities for children/youth and young adults and generally fosters opportunities for sharing community life together. The Antioch Community also gives financial and pastoral support to university evangelism, other similar communities in Europe, and other organisations with similar objects and purposes.
Main Activities:
- The community meets for worship, Christian education, and children’s services three times per month. All of these meetings are open to anyone. Adults are part of small groups that meet for growth in personal faith and accountability in term time, every other week. In addition, there are men’s and women’s events put on throughout the year.
Page 3
THE ANTIOCH COMMUNITY TRUST
TRUSTEES' REPORT (CONTINUED)
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Outreach events to help people outside of the community have been run including: Marriage courses, Alpha courses, Life in the Spirit Seminars and Young Working Adult groups.
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The Community has a heart for church unity and actively supports local events including: Co-ordination of the Acton Good Friday march; hosting a Pastors’ Dinner to show appreciation for local pastors and priests and running Youthlink - a youth group that actively tries to fill the gap for churches that don’t have their own youth group, plus any other secondary school age children who would like to get involved from the local area.
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Although members are asked to contribute to the costs of running the community no-one is excluded from attending any event due to finance. Guests are rarely asked to contribute to attend any events and certainly aren’t excluded if they can’t afford to pay. Grants are made available for those with less income to receive financial help towards the payment of fees for the more major events where an attendance fee has to be charged.
Financial review
Income for the year amounted to £183,737 (2023 - £157,409) and expenditure £151,131 (2023 - £143,329) resulting in a surplus of £32,606 (2023 - £14,080). The surplus was added to funds brought forward with unrestricted funds being £292,311 at the year end. Policy on reserves The ‘free’ general fund reserves are held to fund working capital requirements, which the trustees consider to be between £100,000 and £200,000, and to provide a buffer in case of any unexpected deterioration in income, for which the trustees consider 9 to 12 months of income (excluding housing fund income) to be appropriate. These funds are on deposit with our bank and in an interest-bearing account.
Principal funding sources
The income of the Charity arises from donations by members of the Antioch Community. During the year the Antioch Community employed 3 part-time staff engaged in pastoral support, outreach to youth and administration. Many other people give time voluntarily. The Charity does not own property but rents the premises it needs for its activities. Most of the Charity's fixed assets are amplification equipment, used in worship meetings, and office equipment, used in community administration.
Going concern
After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.
Page 4
THE ANTIOCH COMMUNITY TRUST
TRUSTEES' REPORT (CONTINUED)
Plans for future periods
As reported last year the charity was finally able to return to a position, post pandemic, where all of its meetings and activities were able to take place in person. Despite this, some of our evening events remained as online events as this proved to be a more accessible way of carrying out some of these events for those who had to travel long distances or required babysitters. The financial position of the trust has remained strong during the year as donations stayed relatively constant, but expenses remained lower than normal due to many activities still being less well attended.
Statement of Responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The annual report was approved by the trustees of the charity on 15 January 2025 and signed on its behalf by:
......................................... Jonathan Mead Trustee
Page 5
THE ANTIOCH COMMUNITY TRUST
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ANTIOCH COMMUNITY TRUST
I report to the trustees on my examination of the accounts of The Antioch Community Trust for the year ended 31 March 2024.
Responsibilities and basis of report
As the charity trustees of The Antioch Community Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the The Antioch Community 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 giving me cause to believe that in any material respect:
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accounting records were not kept in respect of The Antioch Community Trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting 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.
...................................... G W Schulz FCMA Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF
15 January 2025
Page 6
THE ANTIOCH COMMUNITY TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
| Note Unrestricted funds £ Income and Endowments from: Donations and legacies 2 167,543 Investment income 3 7,440 Other income 4 - Total income 174,983 Expenditure on: Charitable activities 5 142,377 Total expenditure 142,377 Net income 32,606 Net movement in funds 32,606 Reconciliation of funds Total funds brought forward 259,705 Total funds carried forward 12 292,311 |
Restricted funds £ 8,754 - - 8,754 8,754 8,754 - - - - |
Total 2024 £ 176,297 7,440 - 183,737 151,131 151,131 32,606 32,606 259,705 292,311 |
Total 2023 £ 153,427 2,832 1,150 |
|---|---|---|---|
| 157,409 | |||
| 143,329 | |||
| 143,329 | |||
| 14,080 | |||
| 14,080 245,625 |
|||
| 259,705 |
The notes on pages 9 to 17 form an integral part of these financial statements. Page 7
THE ANTIOCH COMMUNITY TRUST
BALANCE SHEET AS AT 31 MARCH 2024
| Note Fixed assets Tangible assets 8 Current assets Debtors 9 Cash at bank and in hand Creditors: Amounts falling due within one year 10 Net current assets Net assets Funds of the charity: Unrestricted income funds Unrestricted funds Total funds 12 |
2024 £ 565 565 33,163 295,245 328,408 (36,662) 291,746 292,311 292,311 292,311 |
2023 £ 327 |
|---|---|---|
| 327 | ||
| 21,738 258,505 |
||
| 280,243 (20,865) |
||
| 259,378 | ||
| 259,705 | ||
| 259,705 | ||
| 259,705 |
The financial statements on pages 7 to 17 were approved by the trustees, and authorised for issue on 15 January 2025 and signed on their behalf by:
......................................... Jonathan Mead Trustee
The notes on pages 9 to 17 form an integral part of these financial statements. Page 8
THE ANTIOCH COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
1 Accounting policies
Statement of compliance
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.
Basis of preparation
The Antioch Community Trust 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.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
Gift aid
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category.
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THE ANTIOCH COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £500 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class
Furniture and equipment
Depreciation method and rate 25% straight line
Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Liabilities
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
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THE ANTIOCH COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)
Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
Pensions and other post retirement obligations
The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
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THE ANTIOCH COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)
2 Income from donations and legacies
| Unrestricted funds Designated £ General £ Donations and legacies; Donations 830 137,884 Gift aid reclaimed 208 28,621 1,038 166,505 |
Restricted funds £ 7,173 1,581 8,754 |
Total 2024 £ 145,887 30,410 176,297 |
Total 2023 £ 128,180 25,247 |
|---|---|---|---|
| 153,427 |
3 Investment income
| Unrestricted funds General £ Interest receivable and similar income; Interest receivable on bank deposits 7,440 4 Other income Unrestricted funds General £ Gains on sale of tangible fixed assets for charity's own use - |
Total 2024 £ 7,440 Total 2024 £ - |
Total 2023 £ 2,832 |
|---|---|---|
| Total 2023 £ 1,150 |
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THE ANTIOCH COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)
5 Expenditure on charitable activities
| Unrestricted funds Note Designated £ General £ Community meetings - 7,807 Pastoral staff and expenses - 37,450 Young people - 1,523 Grant to Koinonia - 36,000 Giving to others - 38,701 Office rent and other administrative expenses - 715 Insurance - 808 Housing 850 - Independent examination - 1,164 Depreciation, amortisation and other similar costs - 151 Staff costs 7 - 17,208 850 141,527 |
Restricted funds £ - - - - 8,754 - - - - - - 8,754 |
Total 2024 £ 7,807 37,450 1,523 36,000 47,455 715 808 850 1,164 151 17,208 151,131 |
Total 2023 £ 6,070 29,723 5,543 36,000 44,456 580 773 2,750 1,050 205 16,179 |
|---|---|---|---|
| 143,329 |
6 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
One trustee received reimbursement of expenses (for venue and software) amounting to £169 (2023 - £Nil) during the year.
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THE ANTIOCH COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)
7 Staff costs
The aggregate payroll costs were as follows:
| 7 Staff costs The aggregate payroll costs were as follows: |
||
|---|---|---|
| Staff costs during the year were: Wages and salaries Pension costs |
2024 £ 16,788 420 17,208 |
2023 £ 15,779 400 |
| 16,179 |
The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:
| Employees | 2024 No 1 |
2023 No 1 |
|---|---|---|
No employee received emoluments of more than £60,000 during the year
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THE ANTIOCH COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)
8 Tangible fixed assets
| Cost At 1 April 2023 Additions At 31 March 2024 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 Net book value At 31 March 2024 At 31 March 2023 9 Debtors Prepayments Accrued income Other debtors 10 Creditors: amounts falling due within one year Other creditors Accruals |
Furniture and equipment £ 6,056 389 |
Total £ 6,056 389 6,445 5,729 151 5,880 565 327 2023 £ 1,426 16,212 4,100 |
||
|---|---|---|---|---|
| 6,445 | ||||
| 5,729 151 |
||||
| 5,880 | ||||
| 565 | ||||
| 327 | ||||
| 2024 £ - 11,163 22,000 33,163 2024 £ 17,998 18,664 36,662 |
||||
| 21,738 | ||||
| 2023 £ 7,181 13,684 |
||||
| 20,865 |
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THE ANTIOCH COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)
11 Pension and other schemes Defined contribution pension scheme
The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £420 (2023 - £400).
12 Funds
| Current year Unrestricted funds General General funds Designated Housing fund Total unrestricted funds Restricted funds Alms giving Total funds |
Balance at 1 April 2023 £ 161,580 98,125 259,705 - 259,705 |
Incoming resources £ 173,945 1,038 174,983 8,754 183,737 |
Resources expended £ (141,527) (850) (142,377) (8,754) (151,131) |
Balance at 31 March 2024 £ 193,998 98,313 |
|---|---|---|---|---|
| 292,311 - |
||||
| 292,311 |
The Housing Fund has been designated to assist members of the Antioch Community financially with their accommodation needs. This includes both subsidising rents for an initial 6 to 12 month period for those looking to rent a property, or providing short term loans to partially fund the initial deposit required, for those looking to purchase a property.
The Alms Giving Fund has been set up to enable the Trust to collect money in order to assist the Trust to finance various projects which the Trust considers to be worthwhile and in relation to those particularly in need due to conflict, homelessness and poverty.
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THE ANTIOCH COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)
| Prior year Balance at 1 April 2022 £ Unrestricted funds General General funds 145,750 Designated Housing fund 99,875 Total unrestricted funds 245,625 Restricted funds Alms giving - Total funds 245,625 13 Analysis of net assets between funds Tangible fixed assets Current assets Current liabilities Total net assets Tangible fixed assets Current assets Current liabilities Total net assets |
Incoming resources £ Resources expended £ 148,391 (132,561) 1,000 (2,750) 149,391 (135,311) 8,018 (8,018) 157,409 (143,329) Unrestricted funds General £ Designated £ 565 - 230,095 98,313 (36,662) - 193,998 98,313 Unrestricted funds General £ Designated £ 327 - 182,118 98,125 (20,865) - 161,580 98,125 |
Balance at 31 March 2023 £ 161,580 98,125 |
|---|---|---|
| 259,705 - |
||
| 259,705 | ||
| Total funds at 31 March 2024 £ 565 328,408 (36,662) |
||
| 292,311 | ||
| Total funds at 31 March 2023 £ 327 280,243 (20,865) |
||
| 259,705 |
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