2024-12-31-accounts

Clarence Road Evangelical Church Trust (Registered charity, number 1055976) Financial statements for the year ended 31 December 2024

Page	Contents
2 - 4	nnual report Trustees’ a
5	Independent e xaminer’s		report
6	Receipts & payments account
7	Statement of assets & liabilities
8 - 9	Notes to the accounts

Clarence Road Evangelical Church Trust annual report for the year ended 31 December 2024

Full name Clarence Road Evangelical Church Trust

Other names by which the charity is known Clarence Road Evangelical Church

Organisation type Charity

Registered charity number 1055976

Principal address Clarence Road, East Cowes, PO32 6ES

Trustees Janet Jay Peter Young Roger Fruen Thomas Charles Gladdis

Independent examiner

, employee of Community Accounting Plus, Units 1 & 2 North West, 41 Talbot Street, Nottingham, NG1 5GL

Governance and management

The charity is operated under the rules of its trust deed adopted 28[th] July 1950 and most recently amended 9[th] May 1996.

The leaders would meet and discuss potential candidates followed by prayer. After a period of reflection persons deemed suitable would be invited to become a trustee. Potential candidates would be known to the Church over a number of years.

Objectives and activities

1. To advance the Christian faith;

2. The relief of need, hardship or stress; and

3. Any other charitable purpose beneficial to the community.

Summary of the main activities undertaken for the public benefit

1. Holding regular services for the public to teach about Christianity and to provide social interaction and support;

2. Extending access to the Church, so the Church is available to users of all needs; and

3. Regular giving to local, national and international organisations for the relief of need, hardship and distress.

The public are invited to share in the activities of the Church, to goodness through Jesus and to experience fellowship and support. We have regular public events that include live music, shared food, guest speakers on various topics, quiz nights and Christmas events. The Church gives regularly to various organisations aiming to give relief of need, hardship or stress.

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Clarence Road Evangelical Church Trust

Public benefit statement

The Trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit, 'Charities and Public Benefit'.

Summary of the main achievements during the period

1. Continued providing weekly (52 weeks) services to advance the Christian faith, together with the provision of groups to study the Bible for the

2. Continuing with plans to enhance the church building, to provide for disabled access and a disabled toilet. These plans were finalised towards the end of 2023 and the physical part of the work was started and completed in early 2024. The building is now back in regular use.

3. Providing care (physical, emotional and spiritual) to members of the community.

4. The provision of a community meal.

5. The provision of a collection point for the local Foodbank.

6. Regular financial support to Tearfund and the Pavement Project (Lifewords UK).

7. Financial support to Tearfund as part of harvest giving.

Financial review

The Church has been very encouraged by the financial support given towards the recent building works whilst regular giving towards the general work of the Church has been maintained.

We currently have an outstanding bill with Emerald Construction who undertook access improvement works to the church building in 2024. It was agreed with Emerald that we would make staged payments to clear the £8,400 outstanding during 2025. At the financial year end (December 2024), we have paid £900 leaving an outstanding amount of £7,500. We aim to have this cleared by July 2025.

We also have a £5,000 interest free loan from a supportive church on the Isle of Wight. Once the Emerald debit has been cleared we aim to start repaying this loan over a two to three-year period yet to be agreed.

on reserves

The Church aims to keep sufficient funds in reserve in case of emergencies. This includes six months of running costs, £400 per calendar month and an additional fund of £1,000 for emergency building works. The current target level is therefore £3,400. This is reviewed annually.

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Clarence Road Evangelical Church Trust Financial risks The main risks are associated with the church building. Maintenance and renewal costs can be considerable but we have undertaken regular rna1ntenan￿ work to reduce the risk of emergencies. During recent building works the church had to vacate the building but were able to finan￿ altemative accommodation and maintain financial stability. Signed on behalf of the charty's trustees: Signed Peter Young, Tr Date

Independent e xaminer’s report to the trustees of Clarence Road Evangelical Church Trust for the year ended 31 December 2024

I report to the trustees on my examination of the accounts of Clarence Road Evangelical Church Trust (the charity) for the year ended 31 December 2024.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). | report in respect of my examination of the charity’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.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

2. the accounts do not accord with those records.

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.

Signed ____ Date _______07/06/2025 Jo hn OprieS MSEEAA , FAIA, FCIE FCIF Employee of Community Accounting Plus

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Clarence Road Evangelical Church Trust Receipts & payments account for the year ended 31 December 2024

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Clarence Road Evangelical Church Trust Statement of assets and liabilities at 31 December 2024 2023 2024 Cash assets Bank accounts Note 54383 54383 8647 8647 Other monetary assets Prepayments 639 639 519 519 Assets retained forthe charity's own use Chwch buildirKJ iftsLred at £801,360, September 2024. General equipment. Liabilities Creditors 480 (480) 13425 13425 These financial statements are accepted on behalf of the charity by: Signed Peter Young, Trus Date

Clarence Road Evangelical Church Trust Notes to the accounts for the year ended 31 December 2024

1. Receipts & payments accounts

Receipts and payments accounts contain a summary of money received and money spent during the period and a list of assets and liabilities at the end of the period. Usually, cash received and cash spent will include transactions through bank accounts and cash in hand.

2. Grants & donations

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3. Funds analysis

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Building fund for all works associated with maintaining and enhancing the building. The transfer to this fund from the general unrestricted funds shows the amount needed to cover the deficit on this fund.

Pavement project giving to the Pavement Project (Lifewords UK). Peter & Sue donations for Peter and Sue towards all the work they do for the church and community.

4. Prepayments

CCLI licence Building insurance Church insurance	£ 56 371 92
	519

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Clarence Road Evangelical Church Trust

5. Creditors

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6.

During this period, Peter & Sue Young were paid a total of £727 for work carried out for the Church.

7. Related party transactions

• There were no related party transactions in this period.

8. Glossary of terms

Creditors: These are amounts owed by the charity, but not paid during the accounting period.

Prepayments: These are services that the charity has paid for in advance, but not used during the accounting period.

Restricted funds: These are funds given to the charity, subject to specific restrictions set by the donor, but still within the general objects of the charity.

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