Charity Number
511967
Powerhouse Christ Church
Report and Accounts
for the year ended 31 December 2023
Powerhouse Christ Church
Report and Accounts for the year ended 31 December 2023
| Page | |
|---|---|
| Charity Information | 1 |
| Trustees Report | 2-3 |
| Statement ofTrustees Responsibilities | 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Accounts | 8-10 |
| Detailed Statements of Financial Activities | |
| General Fund | 11 |
| ChristChurchBuildingFund | 12 |
Powerhouse Christ Church
Charity Information for the year ended 31 December 2023
Charity Number 511967
| Governing Instrument | Declaration ofTrust dated 9October 1981 |
|---|---|
| Trustees | J Leask |
| D Craven | |
| R.Tucker | |
| Address | Christ Church |
| Thorne Road | |
| DONCASTER | |
| DN1 2HG | |
| Independent Examiner | S J Sutcliffe F.C.C.A |
| Torevell Dent Ltd | |
| Chartered Certified Accountants | |
| 1-3 St Ann's Place | |
| Pellon Way | |
| Halifax | |
| HX1 5RB | |
| Solicitors | TaylorBracewell |
| 17-23 Thorne Road | |
| DONCASTER | |
| DN1 2RP | |
| Bankers | Yorkshire Bank plc |
| 19 St Sepulchre Gate | |
| DONCASTER | |
| DN11S) |
Solicitors
Bankers
Page 1
Powerhouse Christ Church
Trustees Annual Report
for the year ended 31 December 2023
The trustees submit their Annual Report and Accounts for the period ended 31 December 2023, which have been prepared in accordance with the Statement of Recommended Practice (FRS 102), (effective January 2015), and the Charities Act 2011.
Structure, Governance and Management
Governing document
Powerhouse Christ Church was originally Reachout Christian Fellowship, constituted by a Declaration of Trust dated 9 October 1981 and is Registered Charity number 511967.
The Charity operates from its offices at Christ Church, Thorne Road, Doncaster, DN1 2HG.
Trustees
The Trustees who served during the year were; -
J Leask
D Craven
R Tucker
Risk Management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Objectives and Activities
Objectives and aims
The objectives of the Charity are: -
-
a) The advancement of the Christian Faith
-
b) To produce, purchase, sell, publish and distribute the Scriptures, Christian literature, audio and visual aids, films and any other materials of a religious nature
-
c) To establish, assist and support Charitable Organisations and activities for the promotion of Christian missionary, educational and evangelical work.
Review of progress and achievements
| am delighted to report and reflect on the achievements and activities of 2023. It was a busy and yet wonderful year, which gave us time to consolidate and build on our previous work. This included a change of ownership of the café which is now operated by Milk & Honey Eateries Ltd. This fits more closely with the Powerhouse aim to develop a café culture to serve the community and improve social cohesion.
After months of preparation, the Trustees received and approved the final drawings and plans for the Christ Church Crypt Project. A planning application with these was subsequently to Doncaster Council and we have been given permission for the project to proceed. The next stage will be to submit an Expression of Interest to the Heritage Memorial Fund and others, to apply for funding to meet the cost of implementing the project.
Page 2
Powerhouse Christ Church
for the year ended 31 December 2023
Review of progress.
and achievements (continued)
As in previous years, it has been good to welcome new people join with us and see relationships develop and sirengiien as we meet together every Sunday morning and throughout the week in house groups, prayer and. other meekings during the week. Looking abead, next year we ave intending to work in partnership with Mission with24 tothose who.dan‘t hold! ‘impact ‘trainingyet know to eguippeople Jesus as theirsaviour.trom Powerhouse and other Jocal churchesito share. the good news As can ihe-seen from'these accounts, the trust's financeshaye remainedvery positive. We continue to support a range of local initiatives as well as various missions and activities across the world. We were especially | pleasedto have received in-person updates from those wiio iead the projects that we support in Africa and” Serbia, Events like these demonstrate how donations from.our-trust helps meet the needs. of vulnerable individuals and groups, some ofwhom hive in extreme poverty. None of this woule have been possible without the generous gifts and offerings from-our members, visitors and others involved in-supportingthis important work forGod. . We have been encouraged and blessed by people's generosity and spirit, particularly in these challenging economic times. Our sincere Uiaaksgo to everyone wiio as suppotted Powerhouse Church in any way.
Financial’ Review
Full details of the financial transactions are contained in the attached accounts. The total incoming resources for the year were £105,423 (2022: £122,998)and after deducting resources expendedof £140,557 (2622: £123,183), the net outgoing resources were £35,134 (2022 : £185).
The net assets of the charity at 31.December 2023 were £768,357 (2022: £803,491),
The Trustees Report was approved GN use ad Signed on their behalf by:
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J. Leask
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Page 3
Powerhouse Christ Church
Statement of Trustees Responsibilities for the year ended 31 December 2023
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards.
The law applicable to charities in England and Wales, the Charity Act 2011 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view ofthe state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
-
Select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charity SORP;
-
make judgements and estimates that are reasonable and prudent;
-
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 which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011 and the provisions of the trust deed. They 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.
Page 4
Powerhouse Christ Church
Independent Examiner’s Report to the Trustees of Powerhouse Christ Church
| report on the accounts of the Trust for the year ended 31 December 2023, which are set out on pages 6 to 10.
Respective Responsibilities of Trustees and Examiner
As the charity’s trustees you are responsible for the preparation of the accounts; you consider that the audit requirement of Section 145 of the Charities Act 2011 (the Act) does not apply. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commission under Section 145(5)(b) of the Act, whether particular matters have come to my attention.
Basis of Independent Examiner’s Report
My examination was carried out in accordance with the general directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, | do not express an audit opinion on the view given by the accounts.
Independent Examiner’s Statement
In connection with my examination, no matter has come to my attention:
1) | Which gives me reasonable cause to be believe that, in any material respects, the requirements
- (a) To keep accounting records in accordance with $130 of the 2011 Act; and (b) To prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act
have not been met; or
- 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
§J Sutcliffe F.C.C.A Torevell Dent Ltd Chartered Certified Accountants 1-3 St Ann's Place Pellon Lane Halifax HX1 SRB
Date sicssscsisccsscrsisesesesess
Page 5
Powerhouse Christ Church
Statement of Financial Activities
for the year ended 31 December 2023
| Unrestricted | Restricted | Total Funds | Total Funds | ||
|---|---|---|---|---|---|
| Note | Funds | Funds | 2023 | 2022 | |
| £ | £ | £ | £ | ||
| Income andendowments from: | |||||
| Donations and legacies | 96,957 | 6,409 | 103,366 | 122,978 | |
| Other Income | 2,037 | - | 2,037 | - | |
| Bank Interest | 20 | - | 20 | 20 | |
| Total | 99,014 | 6,409 | 105,423 | 122,998 | |
| Expenditure on: | |||||
| Charitable activities | 2 | 99,915 | 39,766 | 139,681 | 122,283 |
| Other | 2 | 876 | - | 876 | 900 |
| Total | 100,791 | 39,766 | 140,557 | 123,183 | |
| NetIncome/(expenditure) | (1,777) | (33,357) | (35,134) | (185) | |
| Total funds brought forward | 161,293 | 642,198 | 803,491 | 803,676 | |
| Totalfunds carried forward | 159,516 SSSS=== |
608,841 —————— |
768,357 ————=$=<n |
803,491 SEE |
The notes on pages 8-10 form part of these accounts
Page 6
Powerhouse Christ Church
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|||||||||
|---|---|---|---|---|---|---|---|
|Unrestricted|Restricted|Total|Funds|Total Funds|
|Note-|£&|&|£|&|
|Tangible Assets|3|84,197|‘SB5i634|‘669,828|694,161|
|Debtors|4|32,679|-|32619.|31,312:|
|Cashat|Bank|45,042|23,210|68,252|80,360|
|Total Current Assets|77,664|23,240.|106;871.|1LEL672|
|‘Liabilities|
|Creditors: Amounts falling due within|
|one yeas|S|(2,342)|-|(2,342):|(2,342)|
|:Net|Current|Assets|75,319|23,210|98,529|109,330|
|Total|AssetsLess|Current|Liabilities|159,516|608,841|“768,357|803,491.|
|Tetal:‘Net Assets|159,516|608,841|768,357|803,491|
|The|Funds|of the|Charity|
|Restricted funds|608,841|647,195|
|Unrestricted funds|159,516|461,293:|
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The Financial Statements were approved by the Trustees ON ........ccssescesrseresens
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J Leask - trustee
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&. Craven - trustee
R. Tucker - ee
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Page 7
Powerhouse Christ Church
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting Policies
a) Accounting Convention
The Financial Statements have been prepared under the historic cost basis of accounting, and are in accordance with applicable accounting standards, the Charities SORP (FRS 102) "Accounting and Reporting by Charities' and the Charities Act 2006.
- b) Income and Endowments All income and endowments are included in the statement of financial activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
c) Expenditure All expenditure is accounted for on an accruals basis as a liability is incurred and includes VAT which cannot be fully recovered.
Costs of generating funds
Voluntary income comprises tithes and freewill offerings from church members and others attending church services. The Trustees consider it impracticable to attribute costs to this income deeming all costs to be charitable activities.
d) Fixed Assets
Depreciation is provided to write off the cost or valuation, less estimated residual values of all fixed assets, except freehold land, over their expected useful lives.
Freehold Property 2% on cost Equipment 25% on written down value Motor Vehicle 33% on written down value Computer Equipment 25% on written down value
- e) Taxation
The charity is exempt from tax on its charitable activities.
- f) 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.
Page 8
Powerhouse Christ Church
Notes to the Accounts
for the year ended 31 December 2023
2 Expenditure on:
| 2 | Expenditure on: | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| Funds | Funds | Funds | Funds | |||
| 2023 | 2022 | |||||
| £ | £ | £ | £ | |||
| Charitable Activities | ||||||
| Teachingand ministrysupport | 35,821 | - | 35,821 | 37,132 | ||
| Gifts and donations | 4,160 | - | 4,160 | 2,403 | ||
| Premises expenses | 33,714 | 18,662 | 52,376 | 37,899 | ||
| Administration costs | 21,338 | 54 | 21,392 | 17,823 | ||
| Depreciation | 4,882 | 21,050 | 25,932 | 27,026 | ||
| 99,915 | 39,766 | 139,681 | 122,283 | |||
| OtherCosts | 2023 | 2022 | ||||
| £ | £ | |||||
| independentexaminer's fee | 876 | 900 | ||||
| 3 | Tangible Fixed Assets | |||||
| Net Book | Net Book | |||||
| Value | Value | |||||
| 01.01.23 | Additions | Sales | Depreciation | 31.12.23 | ||
| £ | £ | £ | £ | £ | ||
| Freehold Property | 676,234 | - | - | (21,050) | 655,184 | |
| Equipment | 17,058 | 1,599 | - | {4,265) | 14,392 | |
| Computerequipment | 869 | - | - | (617) | 252 | |
| 694,161 | 1,599 | - | (25,932) | 669,828 | ||
| Unrestricted | Restricted | Total | Total | |||
| Funds | Funds | Funds | Funds | |||
| 2023 | 2022 | |||||
| £ | £ | £ | £ | |||
| 4 | Debtors | |||||
| Income tax recoverable | 32,619 | - | 32,619 | 31,312 | ||
| 32,619 | - | 32,619 | 31,312 |
Page 9
Powerhouse Christ Church
Notes to the Accounts
for the year ended 31 December 2023
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | ||
| 2023 | 2022 | ||||
| £ | £ | £ | £ | ||
| 5 | Creditors: | ||||
| Amounts falling due within one year | |||||
| Accrued expenses | 900 | - | 900 | 900 | |
| Othercreditors | 1,442 | - | 1,442 | 1,442 | |
| 2,342 | - | 2,342 | 2,342 |
6 Trustee's Remuneration and Benefits
None of the Trustees received fees or expenses in 2022 or 2023.
Page 10
Powerhouse Christ Church
Detailed Statement of Financial Activities
for the year ended 31 December 2023
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||||||||
|---|---|---|---|---|---|---|
|General|Fund|
|2023|2022|
|£|£|£|£|
|Income|
|Tithes|and|offerings|86,152|72,053|
|Tax|recoverable|on|gift|aid|10,805|13,426|
|Other|Income|2,037|-|
|Bank|Interest|20|20|
|99,014|85,499|
|Expenditure|
|Teaching and|ministry support|29,945|27,397|
|Outreach|5,876|9,735|
|Gifts|and|donations|4,160|2,403|
|Heat,|light|and waste|24,133|21,262|
|Repairs and|renewals|9,581|9,999|
|Cleaning,|catering and|flowers|5,409|3,650|
|Telephone and|postage|521|4,229|
|Legal &|professional|8,557|3,412|
|Computer software|and|expenses|3,853|4,792|
|Independent examiner's|fee|876|900|
|Sundry expenses|1,798|1,740|
|Treasurers|gift|1,200|-|
|Depreciation|of fixed|assets|4,882|5,976|
|100,791|95,495|
|Net (Expenditure)|(1,777)|(9,996}|
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Page 11
Powerhouse Christ Church
Detailed Statement of Financial Activities
for the year ended 31 December 2023
Christ Church Building Fund
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2023 2022
£ £ £ £
Income
Other Income 6,409 35,909
Reachout donation - 1,590
6,409 37,499
Expenditure
Restoration costs 18,662 6,638
Bank Charges 54
Depreciation 21,050 21,050
39,766 27,688
Net (Expenditure) / Income (Expenditure) / Income / Income Income (33,357) 9,811
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Net (Expenditure) / Income (Expenditure) / Income / Income Income
Page 12