Caseware UK (AP4) 2023.0.135 2023.0.135 Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-311783417993No description of principal activity2024-03-312023-04-01false11 11243931 2023-04-01 2024-03-31 11243931 2022-04-01 2023-03-31 11243931 2024-03-31 11243931 2023-03-31 11243931 2023-04-01 11243931 2022-04-01 11243931 c:RegisteredOffice 2023-04-01 2024-03-31 11243931 d:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 11243931 d:OtherPropertyPlantEquipment 2024-03-31 11243931 d:OtherPropertyPlantEquipment 2023-03-31 11243931 d:CurrentFinancialInstruments 2024-03-31 11243931 d:CurrentFinancialInstruments 2023-03-31 11243931 c:FRS102 2023-04-01 2024-03-31 11243931 c:IndependentExaminationCharity 2023-04-01 2024-03-31 11243931 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11243931 b:Trustee1 2023-04-01 2024-03-31 11243931 b:TotalEndowmentFunds 2023-04-01 2024-03-31 11243931 b:TotalEndowmentFunds 2022-04-01 2023-03-31 11243931 b:TotalEndowmentFunds 2024-03-31 11243931 b:TotalEndowmentFunds 2023-03-31 11243931 b:TotalUnrestrictedFunds 2024-03-31 11243931 b:TotalUnrestrictedFunds 2023-03-31 11243931 b:TotalRestrictedIncomeFunds 2024-03-31 11243931 b:TotalRestrictedIncomeFunds 2023-03-31 11243931 c:FullAccounts 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 11243931
Charity number: Waiting registration










SNOWBALL CHURCH LONDON LIMITED
(A company limited by guarantee)







UNAUDITED

TRUSTEE'S REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
SNOWBALL CHURCH LONDON LIMITED
 
(A company limited by guarantee)
 

CONTENTS



Page
Reference and administrative details of the Company, its Trustees and advisers
1
Trustee's report
2 - 4
Independent examiner's report
5
Statement of financial activities
6
Balance sheet
7 - 8
Notes to the financial statements
9 - 15

 
SNOWBALL CHURCH LONDON LIMITED
 
(A company limited by guarantee)
 

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2024


Trustees
Phil Turner (appointed 9 March 2018)

Company registered number
11243931

Charity registered number
Waiting registration

Registered office
28 Harrow Way
Maidstone
Kent
ME14 5TU

Page 1

 
SNOWBALL CHURCH LONDON LIMITED
 
(A company limited by guarantee)
 
  
TRUSTEE'S REPORT
FOR THE YEAR ENDED 31 MARCH 2024

The Trustee present their annual report together with the financial statements of the Company for the  1 April 2023 to 31 March 2024The Annual report serves the purposes of both a Trustee' report and a directors' report under company law. The Trustee confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019). 
 

Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
 

Objectives and activities
 

l Policies and objectives
 

Our mission is to plant the largest number of Churches in the shortest possible time, generating men and women according to the image and likeness of Christ.
"...so that you may be salvation to the ends of the earth." Acts 13:47
 

In setting objectives and planning for activities, the Trustee have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
 

l Activities undertaken to achieve objectives
 

Meeting Together:
Sunday Celebration means meeting together in a large group with corporate worship.
Home Groups meeting one evening each week provide a smaller family-feel environment allowing discussion and closer friendship.
 

Achievements and performance
 

l Main achievements of the Company
 

Meeting together on a weekly basis as Home Groups and for a Sunday Celebration.
 

Financial review
 

l Going concern
 

After making appropriate enquiries, the Trustee have a reasonable expectation that the Company 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. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
 

Page 2

 
SNOWBALL CHURCH LONDON LIMITED
 
(A company limited by guarantee)
 
Financial review (continued)

l Reserves policy
 

The Trustees closely monitor the level of free reserves available to ensure there is sufficient financial flexibility in place. The Trustees aim to maintain free reserves in unrestricted funds at a level which equates to approximately three months of unrestricted charitable expenditure. At the year end, the unrestricted funds equated to two months of unrestricted charitable expenditure, excluding discretionary grants.
At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to support the current level of expenditure and to continue in operational existence for the foreseeable future.
 

l Principal funding
 

The primary source of income remains tithes and offerings from the local congregation.
 

Structure, governance and management
 

l Constitution
 

Snowball Church London Limited is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association.
The principal object of the charity is (a) to engage in and communicate the Word of God to members, patrons and visitors of Snowball Church London through evangelical materials and events for the benefit of community issues. (b) to create partnerships with missionaries to promote financial support for common causes. (c) raise income through voluntary donations and sales of products and services from members, patrons and visitors of Snowball Church London and all other related activities.
 

l Methods of appointment or election of Trustee
 

The management of the Company is the responsibility of the Trustee who are elected and co-opted under the terms of the Memorandum of Association.
 

Members' liability
 

The Members of the Company guarantee to contribute an amount not exceeding £1 to the assets of the Company in the event of winding up.
 

Page 3

 
SNOWBALL CHURCH LONDON LIMITED
 
(A company limited by guarantee)
 
Statement of Trustee's responsibilities
 

The Trustee (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustee's report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).


Company law requires the Trustee to prepare financial statements for each financial . Under company law, the Trustee must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustee are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles of the Charities SORP (FRS 102);
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.


The Trustee are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.


 

Approved by order of the members of the board of Trustee on 17 September 2024 and signed on their behalf by: 
 




Phil Turner
Page 4

 
SNOWBALL CHURCH LONDON LIMITED

(A company limited by guarantee)
 
 
 
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 MARCH 2024

Independent examiner's report to the Trustee of Snowball Church London Limited ('the Company')
 
We report to the charity Trustee on our examination of the accounts of the Company for the year ended 31 March 2024.

Responsibilities and basis of report

As the Trustee of the Company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied ourselves that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, we report in respect of our examination of the Company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out our examination we have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

We have completed our examination. We confirm that no matters have come to our attention in connection with the examination giving us cause to believe:

1.
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

2.
the accounts do not accord with those records; or

3.
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

4.
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].


We 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.

This report is made solely to the Company's Trustee, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008Our work has been undertaken so that we might state to the Company's Trustee those matters we are required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's Trustee as a body, for our work or for this report.




Signed:      Dated: 17 September 2024

Marcel Jung     ICPA (Fellow), FFA/FIPA, FAIA

IT & Accounting Solutions Limited
Certified Practising Accountants
Page 5

 
SNOWBALL CHURCH LONDON LIMITED
 
(A company limited by guarantee)

 
 
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2024


Unrestricted funds
2024
Total
funds
2024
Total
funds
2023
Note
        £
        £
        £

Income from:






Donations and legacies

3

59,087

59,087

36,760
 
Total income
59,087
59,087
36,760
Expenditure on:






Raising funds


4,790

4,790

643
 
Charitable activities

5

54,218

54,218

41,274
 
Total expenditure
59,008
59,008
41,917

Net movement in funds
  
79
79
(5,157)

Reconciliation of funds:

  




Total funds brought forward

  

8,917

8,917

14,074
 
Net movement in funds

  

79

79

(5,157)
 
Total funds carried forward
  
8,996
8,996
8,917

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 9 to 15 form part of these financial statements.

Page 6

 
SNOWBALL CHURCH LONDON LIMITED
 
(A company limited by guarantee)
REGISTERED NUMBER: 11243931

 
 
BALANCE SHEET
AS AT 31 MARCH 2024


2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 10 
5,309
-

  
5,309
-

Current assets
  

Cash at bank and in hand
  
5,488
8,917

  
5,488
8,917

Creditors: amounts falling due within one year
 11 
(1,800)
-

Net current assets 
  
 
 
3,688
 
 
8,917

Total assets less current liabilities
  
8,997
8,917

Net assets excluding pension asset 
  
8,997
8,917

Total net assets 
  
8,997
8,917


Charity funds
  

Restricted funds
 13 
-
-

Unrestricted funds
 13 
8,997
8,917

Total funds
  
8,997
8,917

The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustee on 17 September 2024 and signed on their behalf by:

Page 7

 
SNOWBALL CHURCH LONDON LIMITED
 
(A company limited by guarantee)
REGISTERED NUMBER: 11243931

 
 
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024




Phil Turner

The notes on pages 9 to 15 form part of these financial statements.

Page 8

 
SNOWBALL CHURCH LONDON LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Snowball Church London Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 11243931.  The registered office is 28 Harrow Way, Maidstone, Kent, ME145TU.


2.Accounting policies

  
2.1

Basis of preparation of financial statements

The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Snowball Church London Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

  
2.2

Income

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

  
2.3

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

All expenditure is inclusive of irrecoverable VAT.

Page 9

 
SNOWBALL CHURCH LONDON LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Tangible fixed assets and depreciation

Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. 

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Other fixed assets
-
33%
straight line

  
2.5

Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.


2.6

Liabilities and provisions

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 Company 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.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

  
2.7

Financial instruments

The Company 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.

  
2.8

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustee in furtherance of the general objectives of the Company and which have not been designated for other purposes.

Page 10

 
SNOWBALL CHURCH LONDON LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.

Income from donations and legacies



Unrestricted funds
2024
Total
funds
2024
        £
        £
 


Donations

59,087

59,087




Unrestricted funds
2023
Total
funds
2023
        £
        £


Donations

36,760

36,760



4.

Analysis of grants



Grants to Individuals
2024
Total
funds
2024
        £
        £






Grants to Individuals
2023
Total
funds
2023
        £
        £



General grants

2,964

2,964



5.

Analysis of expenditure on charitable activities


Summary by fund type



Unrestricted funds
2024
Total
2024
        £
        £



Church

54,218

54,218


Page 11

 
SNOWBALL CHURCH LONDON LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.Analysis of expenditure on charitable activities (continued)

Summary by fund type (continued)



Unrestricted funds
2023
Total
2023
        £
        £



Church

41,274

41,274



6.

Analysis of expenditure by activities




Activities undertaken directly
2024
Support costs
2024
Total
funds
2024
        £
        £
        £




Church

50,593

3,625

54,218







Activities undertaken directly
2023
Grant funding of activities
2023
Support costs
2023
Total
funds
2023
        £
        £
        £
        £





Church

34,382

2,964

3,929

41,275




7.

Independent examiner's remuneration

2024
2023
£
£

Fees payable to the Company's independent examiner for the independent examination of the Company's annual accounts
300
600

Fees payable to the Company's independent examiner in respect of:

Accounting services
1,500
800

Page 12

 
SNOWBALL CHURCH LONDON LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.



Staff costs


2024
2023
£
£


Wages and salaries
12,500
6,000

12,500
6,000

The average number of persons employed by the Company during the year was as follows:


2024
2023

No.
No.


Pastoral
1
1

No employee received remuneration amounting to more than £60,000 in either year.





9.


Trustee's remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).

During the year ended 31 March 2024, no Trustee expenses have been incurred (2023 - £NIL).


10.


Tangible fixed assets




Other fixed assets

£


Cost or valuation

Additions
5,594


At 31 March 2024

5,594


Depreciation

Charge for the year
285


At 31 March 2024

285
Page 13

 
SNOWBALL CHURCH LONDON LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.Tangible fixed assets (continued)



Other fixed assets


£


Net book value


At 31 March 2024
5,309


At 31 March 2023
-


11.



Creditors: Amounts falling due within one year


2024
2023
£
£


Accruals and deferred income
1,800
-


12.



Financial instruments


2024
2023
£
£

Financial assets

Financial assets measured at fair value through income and expenditure
5,488
8,917


Financial assets measured at fair value through income and expenditure comprise cash balances.


13.

Statement of funds


Statement of funds - current year

Balance at 1 April 2023
£
Income
£
Expenditure
£
Balance at 31 March 2024
£

Unrestricted funds





General Funds - all funds

8,917

59,087

(59,007)

8,997
 


14.

Summary of funds

Page 14

 
SNOWBALL CHURCH LONDON LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

14.

Summary of funds (continued)


Summary of funds - current year

Balance at 1 April 2023
£
 
Income
£
 
Expenditure
£
 
Balance at 31 March 2024
£
 
General funds

8,917

59,087

(59,007)

8,997
 


15.

Analysis of net assets between funds

Analysis of net assets between funds - current period

Unrestricted funds
2024
Total
funds
2024
        £
        £


Tangible fixed assets

5,309

5,309

Current assets

5,488

5,488

Creditors due within one year

(1,800)

(1,800)

Total 


8,997
8,997




16.


Related party transactions


The Company has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Company at 31 March 2024.

Page 15