Lea Valley Church
Report and Accounts
Year ended 31 December 2024
Stewardshlp
Aetlvegenerosity
1 Lamb'$ Pa888ge, London ECIY 8AB
WWW.5t8wardshlp.org.uk

LEA VALLEY CHURCH
CHARITY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024
Trustsos
Geoff Ace
Timothy Gutmann
lan Liddl8
Denise Fitch
Mark Jones (appointed 10 May 2024)
Key Management (In addltlon to Trustee8)
Tanith Ace
Hayley Gutmann
Holdlng Trustaas
Denise Fitch
Davld LavKence
Gov•mlng Document
Deed of Tru8t dated 16 January 1997. as amended
by adoption of a new Mod81 As88mbly of God Deed
on 8 October 2009
Charlty R•glstratlon Number
1054351
Prlnclpal Addross
Lea Valley Church
Monkswood Avenue
Waltham Avenue
Essex
EN9 1LB
Independent Examlner
Sarah Crispln ACA
Stewardship
1 Lamb'5 Passage
London
EC1Y8AB
Bankers
HSBC plc
Contents
Charlty Informatlon
Trustees, Annual Report
Independent Examinerfs Report
ststement of Financial Activitie5
Balance Sheet
Notes to the Accounts
Detailed Ststement of Financial Activities with Comparatives
Pag•
2-6
10-18
19
Page 1

LEAVALLEY CHURCH
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their réport with the financlal statements of the ch8rlty for the year ended 31
December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charitles:
Statement of Recommended Practice appllcable to charltles preparlng 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 ACTMTIES
Publlc beneflt
The Lea Valley Church exlsts to bulld a communlty of Christian believers who wlll impact Waltharn
Abbey. the Lea Valley region, London, the natlon and the world beyond (Acts 1.'8).
When plannlng our actlvlties for the year and the servlces on offer to the local communlty, the Trustees
have consldered the Charity Commlssion's guidance on publlc ben8fit and, In partlcular, the speclflc
guldance on chariti88 for the advancement of religlon. In partlcular. try to encour8ge ordinary
people to live out thelr faith in every area of their lives as part of the Lea Valley Church communlty and
the wider communlty. We also try to encourage people wlthin the local communlty to flnd falth through
attending our meetings and 8st8blishing friendships. Many wlthin our church community have found
spiritU81. emotional and physical healing and we are keen that others in the local comrnunity receive the
Same benefits.
The great majority of the charitys meetings and 8v8nts ar8 OP8n to the public. Indeed, It is a key 8im of
the charity to attract newcomers into the various activitles of the church so that they can partlcipat8 in
and b8n8fit from all that the church has to offer.
The charity values the dlver8ity currently evldenced by the church membership and the wlder
community of those who int8r8Ct dlrectly with the church, and the charlty Is hopeful of seelng the
dlvars8 demographic of Wallham Abb8y and the Lea Valley Region fully reflected in th8 church.
Volunteers
The church councll and the holdlng trustees realise the huge amount of tlme glven by volunteers to
help the church run. The Ilnanci81 accounts cannot truly show the level of gifts in temis of time rather
than money that thes8 hours represent. However. they greatly acknowledge all the V￿rk volunteers
contrlbute and would Ilke to thank 811 of them.
Page 2

LEA VALLEY CHURCH
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
ACHIEVEMENTS AND PERFORMANCE
Charltable actlvltles
Lea Valley Church continues to support the ministy Christian Action Against Antisemitism (CAAA).
This ministry continues to be run by Pastors Tim and Hayley Gutmann.
Lea Valley Church continues to offer community-based art group meetings and 'Community Cuppa, or
weekly coffee momlng, which Is popular with the lonely and older people wlthln our community.
Addltionally. we continued to host a weekly meetlng of AA. we conlinue our programme of falth-based
events, including running an Alpha Course, disclpleship and Bible courses, and weekly Ilfe groups.
FINANCIAL REVIEW
Flnanclal posltlon
The attached flnancial statements 8umm8ri88 the Sncomlng and outgolng resource8 for the year
together wlth the Balance Sheet as at 315t December 2024.
Total Income ha5 Increased from £185,832 to £193,646. Total expendlture decreased from £190,528
to £190,173, resulting in an accountlng surplu5 of £3,473.
The church has honoured all financial obligations and we ar8 v8ry grateful to every giver who ha5
supported Lea Valley Church in vthat continu88 to be a challenging financial season. Going forward5
Into 2025, increasing mortgage and energy costs in particular will need to be accommodal8d, but we
trust that God wlll continue to provide and to build His Church In our locale of which we are a part.
The non-pald trustees met and conculded that a 50A pay Increase 8hould b8 awarded to all paid
employees. Thls was in recognition of the cost of Ilvlng increases that everyone has 8xperl8nced, along
with no salary increases in the past 4 years.
Investm•nt pollcy and obJectlv•s
We do not specifically glve grants to individuals or Invest church funds in shares, Stocks or money-
maklng schemes.
Ro$erv•s pollcy
The trustees and church councll have agreed that it vrfould be prudent to have three months, worklng
capital available. We continue to work towards this.
other reserves are held in property which is used for the charitable objectives of the church.
Page 3

LEA VALLEY CHURCH
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
FUTURE PLANS
Lea Valléy Church contlnues to chang8 and to grow- and we have been pl8as8d to welcom8 many
newcomers into our congregation. The church will continue to require the help and commitment of
many volunteers to make it a success, but we know that this is 8xactly what God has planned for us
and we ar8 grateful for the continuing positlve impact the church has on Waltham Abbey.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governlng docum•nt
The charlty Is controlled by its govemlng document, a deed of trust and constitutes an unlncorporated
charlty.
In late 2009 we updated our organlsational structure to the New Model Deed for Local Assemblies of
God In Great Brltaln and Ireland.
Recrultment and appolntm•nt of new trustees
Four members of the Church Counc51 are also the Trustee8 of the Charity and th8y are appointed in line
with the process set out in the AOG Model Deed. Holding Trustees are appointed by the Church
Councll and the Chaimian of the Church Council has the casting vote rf required. although In all
clrcum8tances to date the appoSntrnents have all been unanimou8.
Trustees and Holding Trustees are offered training as requlred.
Page 4

LEA VALLEY CHURCH
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
STRUCTURE. GOVERNANCE AND MANAGEMENT (contlnued)
Wlder network
The church is affiliat8d to the Assemblies of God (AOGUK) and Timothy and Hayley Gutrnann (Senior
Pastors) and Geoffrey Ace (Associate Pastor) are recognised and ordained ministers with the
Assemblies of God UK. The church Is also a member of the Evangellcal Alliance.
Related partles
The church employees are: Timothy and Hayley Gutmann as Senior Pastors and Geoffrey and Tanlth
Ac8 as Associate Pastors. All pastors ar8 part-time at present and currently they are the only paid
employees.
Rlsk management
The church H&S risk 888essment was updated durSng 2016 Identlfylng posslble r18k8 and assoclated
Controls to reduce those rlsks.
The rlsk assessment is regularly updated as appropriate, and all Government guldance and suggested
controls have always been adopted. Spedfically, protection of Ihe children in our care is paramount
and thls will never knowlngly be compromised.
It should be noted that It is the policy of thls church to adhere to our Children's Protection Policy
Document which we wlll enforce if clrcumstances require. A copy is available for perusal If requlred.
Page 5

LEAVALLEY CHURCH
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
RESPONSIBILinES OF TRUSTEES UNDER CHARITY LAW
The trustees are responsible for preparing the trustees, annual r8POrt and the financial statements in
accordance with applicable law and United Kingdom Accountlng Standards {Unit8d Kingdom Generally
Accepted Accountlng Practice).
Charlty law requlres the trustees to prepare finandal statements for each financial year which glve
true and fair view of the state of the affairs of the charity as at the balance Sheet date and of its
Incoming resources and applicatlon of resources, including income and expenditure. for the financial
year. In preparing Ihese financial slatements. the trustees are required to..
1. select sultsble accounting pollcles and apply them conslstently,
2. observe the methods and principles In the Charltles SORP.,
3. make judgem8nts and estlmates that are reasonable and prudent.
4. slat8 whether the applicable accountlng standards have been followed, subject to any mat8rlal
departures disclosed and explain8d in the financlal statem8nt8', and
S. prepare th8 financS8l statements on a going concem basis unless it is inappropriate to presume
that the charlty will continue in operation.
The trustees are r8sponslble for keeplng proper accountlng records that dlsclose wlth reasonable
accuracy 8t any tlme the flnand81 posltlon of the charlty and enable them to ensure that the financS81
Statements comply with the CharltSes Act 2011 and the Charlty (Accounts and Reports) Regulations
2008. They are also responslble for safeguarding the assets of the charlty and hence for tsking
reasonable steps for the preventlon and detection of fraud and other Irregularltles.
APPROVAL
This report was approved
y the trustees and signed on thelr behalf by:
RUSTEE)
Date:
Page 6

INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF
LEA VALLEY CHURCH
{'the Charlty)
I report to the charity trustee5 on my examination of the accounts of the Cha￿ty for the year ended 31
December 2024 on pages 8 to 19 following. which have béen pr8par8d on the basis of the accounting
pollcies set out on pages 10 to 12.
Responslbllltles and basls of report
As the charity's trustees of the Trust you are rnsponsible for the preparation of the accounts in
accordance wlth the requirements of the Charities Act 2011 ('the Act'l.
I report In respect of my examlnatlon of the Charity's accounts carrled out under sectlon 145 of th8 Act
and in carying out my examination I have followed all the appllcable Dlr8cUons glven by the Charity
Commission under section 145(5)(b) of the Act.
Independent examlnor's statement
I have completed my examinatlon. I confirm that no matters have come to rny attentlon In connectlon wlth
the examlnatlon giving me caus8 to belleve:
1. accountlng records were not kept in respect of the Char5ty as required by sectlon 130 of the Act,. or
2. the accounts do not accord with those records: or
3. the accounts do not comply with the appllcable requlrements 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 fal¢ view vthich Is not a matter consld6red as part of an Independent
examlnation.
I have no concerns and have come across no other matters In connection wlth the examination to which
attention should be drawn in thi8 report in order to enable 8 proper understanding of the accounts to be
reached,
Sarah Crlspin ACA
Stewardshlp
1 Lamb's Passage
London
EC1Y 8AB
Date..
Page 7

LEA VALLEY CHURCH
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
Total
Funds
2024
Totsl
Funds
2023
Unrè8trlct8d
Funds
Reslrlcted
Funds
Note
INCOME AND ENDOWMENTS FROM:
Donations and legacle8
Chadlable aclivitie8
Investments
184,338
9.150
193,488
184,130
1,702
158
158
Total In¢om• and •ndowment•
184,496
9,150
193,646
185.832
EXPENDITURE ON:
Charilable activities
134,230
55,943
190,173
190,526
Totsl •xp•ndlturn
134,230
55,943
190,173
190 526
N•t Incomel(expondlture)
50,265
(46,7931
3,473
(4,694)
Tran•f•rn botween fund•
16
{60,8511
60,851
Net mov•m•nt In fund•
{10,5851
14,058
3,473
(4,694)
R•eonclll•llon ol funds:
Total funds brought forward
64,466
711,207
775,673
780,368
Total funds carrl•d forward
16
53.881
725,265
779,146
775,673
The Statement of financlal activlties Includes all galns 8nd108888 recognised in the year.
All Income and expandlture derfva from continuing operations.
The not88 on pages 10-18 forni part of th8se accounts.
Page 8

LEA VALLEY CHURCH
BALANCE SHEET
AS AT 31 DECEMBER 2024
Total
Funds
2024
Total
Funds
2023
Unreslricted
Fund$
Restricted
Funds
Note
FIXED ASSET8
Tanglble ass8t5
19.003
1,128,776
1,128,776
1,147,779
1,147,779
1.154,423
1.154,423
19,003
CURRENT ASSETS
Debtors
Cash at bank and In hand
10
14,546
23,359
353
4,947
14,899
28,305
15,224
34,265
37,905
5,299
43,204
49.489
CREDITOR8: Amounts falllng
due wlthln one y•ar
12
13.026)
118,0081
121,034)
(18,958)
N•t curr•nt a•80ts I Illablllll•s)
34,879
{12,7091
22,170
30,531
Totsl o•Mts1•88 eurr•nt Ilabllltle•
53,881
1.116,068
1.169,949
1,184,955
CREDITORS: knounl• folllng du•
aft•r mor• than on• y•ar
13
1390,803)
(390,803)
1409,2811
TOTAL NET ASSEf8
53,881
725,265
779 146
775,673
FUND BALANCE8
Unr8strlct8d Funds
General fundg
16
53,881
53,881
84,466
R68trlctèd Fund8
725,265
725.265
725,265
779,146
711.207
775.673
53,881
The financlal 8tstement8
ere approved by Ihe Board of Trustee8 and were signed on It8 bohalf by:
Date..
Cha￿ty number..
1054351
The notes on pages 10-18 fom part of these accounts.
P8ge 9

LEAVALLEY CHURCH
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 310EceMBeR 2024
statutory Inforniatlon
The charlty18 a trust r8glstered ￿th the Charfty Commlssion in EnglarKI & W8les. The charltys reglstered number and prfndpal
address can be found on th• Charity InfoTrnalSoA pag•.
Accountlng Poll¢leB
The8e flnancial statèmants ar8 prepared on a golng concem ba816, under thè hl¥tortcal cost conV•n￿on.
These flnandal stst8rnent8 have been prapared In accordance wlth thè 'Ststement of Recomrnended Pracllc&'. AccounJng and
Reporting by Ch8rftl8s preparing tholr accounts In accordanc8 ￿th th8 FlnAnclal Reporfng Standard applicable in the UK and
Republic of lieland IFRS 1021 I'the ChariUe3 SORV). ￿th the Financial Reporting Standard appllcable in the United Kingdom and
Rapublic of Ireland l FRS 102.1 and with the ChariJ•s Act 2011. T￿ charity meet8 thè dèflnltlon of a publlc benefit entlty a8 set out
In FRS 102.
The Chadlle8 (Accounts and Reports) R•gulatlon8 2008 {the '2008 Regulatlons'l TequlTaS charftle8 to prepare th8lr accounts In
accordance wllh 'AccounUng and Reportlng by Gharftl8B". Statement of Recommended Pr8ctiC8 8ffgdve from 1 Aprll 2005, but Ihls
accountlng 8tandord ha5 5Inca beln withdrawn and has been repla￿d by the Chart￿88 SORP men￿Oned In th• pr•cedlng
paragraph. Th8 charlty h88 prepared Ihgse financial statements In accordanrA wlth th8 naw Charftles SORP- thls d8perturg Irom th
2008 Reguladons16 b8118vod to be noca4•ary forth8s6 ￿nandal $tslem•n¢s to glva a'trua and falr vlew.
Th• prfndple8 adoptsd In th• prvparalon of tho finan¢l81 •t8t¥ffl8nts Are Sel out b•low.
The Irusle88 hav8 88Be6Bed whether th8 UB8 of the going concem bBsl8 18 &pproprfate and have conBldered p0881blg evBnt8 or
condlllonB that mSght CaBt Blgnlflcenl doubt on the ability ol the cherity Iv cvnUnu8 88 a golng concern. The truBtee8 have made th18
asBessmenl for a perfod of at le88t one year from thg date ol approval ol the flnanGlal 8tatern&nl$. In portlcular the tru8lee8 ha
conGldared Ihe charltys forerA8t8 and prolecllons and thè p086ible Impllcatlon6 should projected Incom8 and l or •xp•ndlture vary
Un8XP•Ctodly. The INstee¥ hBv• concluded that Iher8 Is a r•880nable expectauon th81 the charlty h85 adequate resourc88 to
rA)ntlnu• to operate fDr th• fore8e88ble future. The charfty th8r•fore COn￿nUel to Adopt tho golng concern ba*1• In prnparfng Ils
flnanclal $tatoment8.
Income Includlng In￿stment Income IB reco9nl8ed In the period In which the thartty bécomes endU8d to receipt, the amount
r8celvAble can be me8sur•d wlth reasonable cert•lnty. and rec8lpl Is probable. For iho most part. Incom•19 98n•rally recogn188d
wh•n It Is recelvod. Intom8 Is only def8rred when the ch811ty ha8 to fulfil condllion6 belore becomlng 8nUU8d to It or wh8r8 the donor
has 8p•clflad that the income ll to b• expended In a futur8 p•rlod.
Income from donallon# qnd18gacle8 IncludeB.'
51 RKoverable glft ald. Thls18 recognl8ed whèn tha relat•d donallon 18 recelved. Glft old thot ha8 not b88n rnCOVOTed by Iha
balance Bheet d8tè1g Included 86 a deblor.
Th• ¢hartty r81108 on volunto•r8 to ￿rry out rnany of IIB However, In accordance h￿th the SORP, the valu• of tha88
8eNleas hag not been incluéèd In those flnanclal Btatements AS thay c•nnot bg rnllably m8a6ured.
Income from charltable acUvlll•s r$pra8ant8 Incoma mc•rvabl? from gocpJ8, ￿tY￿ceS and lac111￿88 suppllod In furtheran¢e of th•
tharftl8 ch8rll•bl• obl•cts. It Include$ InGorn• from thurch retreats and olh•r •v•nts ond ¢our8ai.
Page 10

LEAVALLEI CHURCH
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Acc¢wnting Pdlclis Icontlnuedl
Expenditure. induding irrecoverable VAT. is recogni5ed when It 15 Incurreil ar. il earfier, when a legal or constructive obllg8tlon lor 8
paym8nl arise5 provided that il 18 probable that seltlom6nt ￿11 be requlred and the 8mounl of the obliggtion ¢an be rneasured
reliably.
The charity mak8s grants to other InBlllullon$ and individuals io further Its ¢hBrltabla objèctiv•s. Grants payable are Tecognlsed 86
constructive obllgatlons arfse, which 15 generally wh•n tha charlty expre&8es 8 comm51m8nt to thé rècipiant that can b8 mea8UT8d
rellably and then only to thè extent that any condlllonu assocSaied vAth the grant 8re outslde of the control of thB charfty.
The cost of raislng funds Is not 8ignificanl and ha8 not b•en separately dlsclosed.
Govemance ao8t8, whlch are includ¢d in expendltur8 on charilable acdvltles but ore identified Bepar8tely in the not8B to the
account8, includes costs assoclaled with th? Indépèndent examination of the finamdal st8￿MentS. compliance constiiuiional
and 8t8lutory requlrèménts and ony other 8xpendllur• Incurrad on the strateglc management of the ch4rlty.
Géneral funds are unrestricted funds whlch are avollable IOT U$* 8t th& dl8cretlon of the tnJstee8 In furtherance of Ihe ￿nerAl
oblactlvès of the charity. DeBlgrtaled funds comprfs6 unTesldcled funds that h8ve been 8&t aslde by the I￿$t8&S for paflbeular
purpo￿8. R•strlcl&d funds are donationg which are to be u88d in acctsrdan￿ wlth ip•¢ifl¢ r•8lrl¢Uon$ Imp088d by donor8- théy
Include donatlon8 re¢glv8d from appeals for sp•¢lfl¢ a¢￿vIlla8 or projects.
èl
Ilems purchased or donJt•d for the charftys ovm u•0 are ¢apltall8ad Wh￿ the co81 ol PUTBhaued Il•ms, or the faSr value of don818d
It•ms, 18 more than £1.000 and the Itern 18 expected to benefit the charlly over more than one accountlng perlod. Depreclgllon IA
thargèd on g stralght Ilne ba815 10 88 lo wrlt• down the valug of ?8rh a$8•t to116 88tlm818d resldual value111 any) over118 8xped•d
useful economlc Ilfe. To 8chlove Ihls oblectbv• lh• followbng rates of deprecl#don gra charg•d'.
Improvements to property
1￿25% on reducing balance
Flxture5 and fl￿ngS
25% on rèduclng b8lance
COmpu￿r equlpmènt
25% on rèduclng balanc
Motor Vehldes
25% on r8dudng balance
No depredation Is charged in reBpect ol freehold land And buiklSng6 as Ihe re6ldu81 vglue of th8 prop8ty after Its 8stlm8ied u8eful
Ilfo 18 8nUdpated to be 8t lèast the c8rWng value of the propèrty 8hown in the financ581 Btatements.
Th$ ￿rryIng valu•s of tanglble flxed gAsets •r• r•vlow8d for impalrm¢nl In portods ¥th•n ev•nts or chfjnges In clrcum8tanc08
Indi¢ate that th• ¢•rWng value may not be r•cov•robl•.
me 8rran
emenls
The charlly op?r81g8 dèflnad contribullon pon8lon schem•8 for Its •mployee$. Obllgauong for conlrfbullon8 lo the$• ￿hom08 are
rncogniBed BS an expgn5B when the Ilabillty ar18•s. Th• asse18 of those scheffles are held 8epBr8lely from th08e ol lh8 charfty in
indepandenty admlnI8t•r•d fundg.
The charity takan AdvBntage of Ihe varfoue wll?f8 from taxallon avallable to charllles and no tsx i¥ pyyubbe on tho charfty8
Income.
The ch8rllYs flnanc4818ssels and flnancial118bllltl?s all quallfy a& baslc finandal Instwments, ag deffned by FRS102. Except for
loans, credltor8 and debtors are measured at Ih8lr eX￿CIed settlement value Inorrnally the amuunt of ca9h that Ihe chBrfty expects
to pay or receive). The charity recognises liabllbties for th8 prfnclpal of those loan8 that rernainB oulstqndln9 at Ihe end11.e. the
11gbllili&s exclude any in18rèst chargeabl8 on the loans in futurè years).
nlro
re
ann
a ca5hnowsts
The charity has taken advantag8 of an exernption conlerr8d bylhe Chartlles SORP and has not prepared a cash flow stalem8nt.
Page 11

LEAVALLEY CHURCH
NOTE8 TO THE ACCOUNTS
FOR THE YEAR EMDED 31 DECEMBER 2024
A¢¢ountlng Pollcl•s Icontlnu•dl
11 Critical accountin
estimat85 and 8re3s of
ud
emenl
In pr8parlng finanual statements certain judgements, e¥llmate& and assumpuons hovu to be mada that affect thè 4rr*)unts
recognlsed In th• fln8nclal statements. The trustee8 con8ideT the follovltng to bB 819nlflcant..
11 Tha annual depreciation charge for Property, plant and aqulpmant Is s•nsldv• to chang•s In th• estlmatos for usèful •conomlc
IKe and rgsldu81 value. Th888 8stirnats8 ar8 r8a88eBBed annually and, when nece¥Bary, adjusted lo r?flect cuffènl
clrcumstan¢eA.
Donatlon• antj l•ga¢l••
2024
2023
Donallon8 of ca#h and slmller
Income t8x recoverable
162.042
31.445
93.488
154,484
1ft￿m• from ¢h•dtsbl• •¢tlvltl••
2024
2023
Churth adv4U•o
Inv•ikn•ni Incom•
2024
2023
Bunk Int¥r•st
158
158
Ch•rltsbl• •xp•ndltur•
2024
2023
Ca¥t• InGUtMd dlr•ctly on ¥p•elflc •ctlvltl••
Employment c08t8
Travel c08t8
Telaphone and utlllllo8
C8t8rfng
Equlpm•nt
Mln18ty Co8tB
Confereneèj end Iralnlng
Property Cogtg
80,374
5.825
11.727
1.220
2,373
7,057
17
5,834
14,027
76,961
6.178
1.878
2.1
10.491
1,591
109,180
Gr•nt8 payable (note 6cl
22,873
25,490
136 900
134 069
b Cost8 Ineurr•d on support & •dmlnl4tr*tlon
Gov8manGB CD$ts
Ind&p•nd•nl 8xamln•rta f••
2,520
2,520
2.4￿)
Admlnlstralon
Othgr acBDuntsncy relatsd c051s
Substhplons and profg88lonal fees
Loan inlere¥t payablo
Deweclelion of tsnglblg flxgd assats
Insurance
2.948
2.301
2,257
33,035
6,645
3.588
53.273
2,520
3,196
2,270
31,742
8,287
5,442
55,857
Total eX￿ndItUr•
190,173
190,526
The fee payablg to Ihg Ind8pendgnt 9X8miner for preparing and examlning the accounts was £2,52012023.' £2,400).
Page 12

LEA VALLEY CHURCH
NOTE8 TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Charftable •xpondltur• Icantlnu•dl
Grants payabl•
Insutudons
Indivbduals
2024
Grants for UK •nd overs888 m1881on
22.375
498
498
22,873
The ¢omparnliveB for th• pravlou8 year ar8 a8 lollow4.'
InsJtutlons
Indlviduj
2023
Grants for UK and ov•r8eaB rnls¥lon
23,312
23,312
2.178
2.178
25,490
25,490
The ch4rlty8 Prtndp41 grants to In8tllutlonB comprf$•d.'
2024
2023
Ass•mblle$ of God UK
OZUK
Emmanuel'i Orphan8 and Vulnerabl• Chlldr•n Group
3,650
6,300
23,312
8.650
13.082
Th• canp9r41lv￿ for 2023 for the breakdown of gr•ntB lo IndlvlduAl• and InBlilutlonJ h40 be•n am8nd8d.
An•ly•l• of •t•ff co•tJ, th• cost of key m•n•g•m•nt p•r•oThn•l Ind tru•t•• r•mun•r•llon
The averJge rnonthly nurnbar of employe08 durfng lh8 ￿laT was 4 12023: 41. Most of tha chaTIty'8 actbvblbe8 aro carrfed OLTrt by
volunt88ru.
No staff re￿l￿d aal8￿8￿ at a rate of more Ih8n £60.000 per annum.
The tharftls key management compd8e the IruBteeB and the key staff nam8d on tho Charfty Infornia￿On pag•. Tot•1 employrnent
b?nefil8 payable to key manugement for the year were aB follows..
Other
Employer
Wgg•8 & employThenl
pen8lon
8alar1o8
beneflls cantrlbutlonB
2024
Tru81ee8'.
Geoff Ae8
Timothy Gutm•nn
K•y man8g8Tnent conn?rt•d to tru•t•88'.
Tanlth Ace
Hay8y Gutmann
13.280
30.070
530
1,203
13.790
31,273
13.280
18.400
530
736
13.790
Th8 followlng amounts w8r8 payabl? In the pr•vlou• y8ar.
Other
Wage¥ & emplo￿￿nt
b8n•fits contribullons
EmplO￿r
2023
TTU8t8eB=
Gpoff A
mothy Gutmann
Kay managBment connBGt8d to trustee$'.
Tanith ACB
Hayey Gutmann
13,260
27,360
530
1.094
13,790
28,454
13.280
18,400
S30
736
13,790
19.136
PBg• 13

LEAVALLEY CHURCH
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEM8ER 2024
Anatysls of •tsff co•ts, th• eojt of k•y manag•m•nt porsonn•l and trus1•• Mmun•rntlon Icantlnu•dl
In addrtion th8 charfty Incurred expenditure totalllng £1.40412023.' £4031 In reBpecl of the customary provlslon of aeeomrnodalion to
Tlmothy Gutmann ItruBteel 8nd Ha￿eY Gulmannn (key management), 60 that they could better p•rfom thèlr dutles. Geoff Ace
ltru8tÈel ond Tanith Ace (key management) 8180 rece6v¢ th& bènefit of the customary proviBion of occornm0d8￿oft but no direct or
dl8cemabl6 east to ihe charity has been Incuff•d in this re8pect.
9 T•nglbl• Ilx•d *•••t•
Freehold Improv•ments Flxture8 and
Property
to prop•ty
fittings
Comput8r
equipment
Motor
V8hlcl8A
Total
2024
Cost
Al 1 J8nu8ry 2024
Addldons
Al 31 D8c•mber 2024
1,112,392
91,710
15,937
1.525
27,500
1,249,065
1.112392
1,249 065
A¢cumul8led d8predatlon
At 1 January 2024
Charge for the yoar
At 31 Oecember 2024
6S.281
16,811
32
1,518
12,031
3,8e7
94,641
101286
N•t b(bok value
At 31 Oecember 2024
1 112.392
23,685
95
11,602
1.147,779
At 31 Oecom￿r 2023
1,112,392
26,429
126
1154423
10 D•btor•
2024
2023
Falllng du• wlthln on• y•ar',
Tax recoverabl8
14.899
15,224
11 C••h •t 8•nk and In Hand
2024
2023
C•8h al bank wlth lrnrnodlote acce8
28,305
28,305
34,265
34,26
Page 14

LEAVALLEY CHURCH
NOTE8 TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
12 Credliorn: Ilabiliti•• falling du• wlthln on• year
2024
2023
Olh8r cr8dltors
Accrua15
Loon8
506
2.520
1 B.008
482
2.4Th1
18.076
13 Cr•dltor•: •mount• f•lllnq du• aft•r rnore than on• y••r
2024
2023
Loans
390,803
390,803
409,281
409.281
14 Lo•n• •nd flmnce lea•0•
The11obilltlo5 for loans referred to In note8 12 and 13 f811 du• for rapgyment a8 follows..
Bank loan•
2024
By
In$l•lm•nts
2023
Ropayable..
Wlthln c￿8 year
B•tsMgn one and flve ye#rn
After flve ￿•r8
18.008
86,580
18,008
a6,680
16,078
58.397
352.885
425 357
408.B11
408811
Tho benk 108n referred to In the above note8 18 8•cur•d on the church freehold land and bulldlngu In Watham Abbey. Intèr•8t 18
payable at a varfob18 rat8. whlch al bolance shéèt data W98 7.25%. The loan18 belng repald In monthly In8lalments and mult b•
repabd in full by 30 Saptsmber 2038.
1S P•n•lon commltrnont•
Dudng the year employees p8n8lon contrlbuUon8 iolalllng £2,999 12023.. £2.8911 ￿ra payabl• to dgfin•d c4)nldbutlon p8rBonal
pon•1¢￿ •¢hom￿. Pen8lDn contrlbuUon8 lotslllng £60812023.. £4821 were D￿n9 41 the balon￿ •he•l dale.
Pagè IS

LEAVALLEY CHURCH
NOTES TO THE ACCOUNTS
FOR ThE YEAR ENDED 31 DECEMBER 2024
11 Fund•
Ouring the year thè movernents in the chuW$ fund8 were as followB'.
O￿nIng
Incomlng
balanrA
resources
2024
2024
Outgolng
TesourceB
2024
Transfers
In th8 year
2024
Gains and
losses
2024
Closlng
balance
2024
Genèral Unrnstrlcted Fund
64,466
184.4
1134.2301
160,8611
$3,881
Total Unrnstrlcted Fund8
64,466
184.496
(134,2301
I60,8511
53,881
Re$l*%¢l8d Fund8
Ml861on
2,146
5,523
1,033
114,4471
11,8241
133.0351
15311
12,302
3,698
703,561
4,783
1,103
12.1
8ulkllng
Organ Loft R•lurbl$hm•nt Fund
Share Fund
Inlbu8 Fur
687,035
5,314
B03
18,056
48.549
300
150
16.1051
711,207
9,150
155.9431
60,8S1
725,285
Aggmgato of fund8
775,673
193.648
1190,1731
779.146
The trnnsfars r•f8rr8d to above wero mada for th8 follo￿ng roa$on8:
al TrAnsfer frorn the Gen?ro1 Fund to the Mlsslon Fund to war the deflclt In glftB to 8pecMc rnlBBionarle8 lh¢ ￿ar.
bl Transfer from th¢ G•ner81 Fund to the Bulldlng Fund. whlch Tepre8ents mortgag8 r•paym•nts belng mad6 from the Genernl
Fund bank account In tha ￿ar.
An•lyBl• of n•t ••••t• by lund
The a8Bets ond Ilobllll88 of the varfou¥ fund• warn aB follow8.'
Gener81
funds
D88lgnated
fundB
Reslrlct8d
fundk
2024
Tanglble fix•d OBset8
Oeblor•
C86h al b•nk and In hand
CmdSiors falling du8 withln one year
Cr￿￿10r$ falllng due after on• yeaf
19,003
14,546
23,359
13,0261
1,128,776
353
4,947
118.008)
1390.803}
1,147.779
14.899
28.305
121,0341
1390,8031
53,881
725.265
779,146
Page16

LEA VALLEY CHURCH
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2Q24
16 Funds {¢ontinu•dl
In th* wwious year the movtrrn¥nts In tha charitys funds w•r• 8$ follow6.'
Openlng
Incoming
balanc
resources
2023
2023
Oulgolnll
r•sourceB
Tr8n5fer¥
In the year
2023
Gain8 and
J0669
2023
Closlng
balance
2023
2023
Gon•rnl Unrn81rlctsd Funds
78.88B
178,989
1133,5921
IS9,8191
Rèsblctad Funds
Mlsslon
2.300
1.810
1,488
113,0621
{3,5541
131.7421
(5901
10,762
1,744
47.313
Building
Organ Loft Refurblshment Fund
Share Fund
Mlnlbus Fund
669.976
5.905
887.035
6,314
803
18,055
413
833
25,209
17,9861
701.480
6,843
168.9341
59,819
711.207
Aggreg8te olfvnd$
780.368
185,832
1190.5261
775,873
An•ly•lJ of n•t •**•ts by fund
In the prevlous year, the assets and Ilablllll88 of Ihe varfou¥ lund• vmrn a8 follows..
Unr08trfcted Funds
Ggn8ral
D•8ignated
funds
fund8
Reytrfcled
fund8
2023
Tonglble flxed ABBelB
Dobtor8
Cash at bank and in hand
Credltors falllng du8 ￿thIn ono yfrar
Credltors falllng duo 8ft•r one year
21,248
14.880
31.220
12.B821
1.133.175
344
3,045
116,0761
1409,2811
1.154,423
15,224
34,265
118,9581
1409,2811
64,466
711,207
775,673
The Ml••lw Fund r•prns•nt8 re$lrfct8d glfts m8do by thg congr•g4llon for sp•dflc mi881onarfeB and 1$ pald out th• by ¢hurch In full.
The Chrf•tl•n Actlon Aqalnit Antl••mltl¥rn Fund representB rnoney glven to fvnd the rnlnlBtry of ChTIBtlanJ edvocaung for
d18uiminated JeYlBh ppoplo and ralslng awaTeneBB of and-BemlUsm in the UK.
Th? 8ulldlng Fund represents the value of the churth bulldlng purchased in 2008 together S￿1h the donatlons to thls fund. lesB the
mtyig8g• and loan liabllitles oulslandlng.
The Org•n Loft RafurblBhrnent Fund r8pras8nts money given for the speclflc purpose of the organ loft refurblshment and upkeep.
The 8h•r• Fund relat95 to Bny Bpeclflc nvedB 1dont￿d ¥Athln the thurch famlly.
Thè Mlnlbul Fund represents thé v•lu8 of a vehicle purchasèd for tha thurch's u8e In 2022, together with di￿AtIOnS lo thls fund and
aBBociated eyp•ndlture, Including deproclation.
Page 17

LEAVALLEY CHURCH
NOTF8 TO THE ACCOUNTS
FOR ThE YEAR ENDED 31 DECEM8ER 2014
17 Tr•n8•cdon• whh r•lot•d pArtI••
DLFrfng the 5wrlh• charfty..
o) r•c•ivad donaUonB totslllng £21,60412023'. £22.4421 from r•latsd partl•s (knthlth Indudes tN8tees, any other m&mboT8 of key
m8nagomont and anyona clolely connected to thwn).
b) No oypanu812023'. £nill wwe pald to, orfor. th• tru8t8e8 fLYthé purpo8e8 OIc0ft￿n0 out Ihelr dutl•g as tnJst•••,
Except 18 dl8doo•d In not& 7'AnalyTi8 of 8tDff ¢o•ts'. th•rn have been no olher tran8#Ctlon8 wlth r•lat•d parfe8 tho year.
Page 18

11- 2