ONYH LL

C H U R C H
Monyhull Church
Annual Report & Financial Statements
Year ended 30th September 2023
Contents
Pages
Trustees. report
1 to9
Independent Examiner's report
10
Statement of Financial Activities
Balance Sheet
12
Cashflow statement
13
Notes to the financial statements
14to21

Monyhull Church
Report of the Trustees for the year ended ￿ September 2023
The Trustees are pleased to present their report and financial statements for the year ended 30 September 2023 and
confirm they comply with the requirements of the Charities Aet 2011. the trust deed and the Charities SORP IFRS
1021.
Refgrence and Administrativft Information
Charity Name
Monyhull Church
Re9lStered Charity Number
1060100
Principal Address
Monyhull Church Centre
St Francis Drive
Kings Norton
Birmingham
B30 3PS
Trustees
Trustees who served during the year end up to the date of this report were:
Stephen Browne
Andrew Cole
Donald Morrison
Louis Quaintance
Philip Sweeting
Mark Wiggins
Property Holding Trustge
On 8th Septernber 2010, The Fellov4ship of Independent Evangelical Churches knmited wa5 appointed as the Church's
Holding Trustee. The sole purpose of this appointment is for holdiri9 the legal title of real property and investments
in trust for the Church and ensuring that the same is used only in accordance with the instruction5 of the Managing
Trustees in furtherance of the purpose of the Church.
OfPicers of the Church
Finance Deacon
Oavtd Simpson Ito 27 September 20231
Andrew Mountford Ifrom 27 Septembei 20231
Bankers
HSBC
13 Chapel Street, Stratford upon Avon. Wa￿iCkshIre. CV37 6ET
Independent Examiner
Dale Brusby ACMA CGMA
11 Woodstock Court. 158 Northfield Road. Kings Norton, Birmingham, B30 1DX

Structure, Governance and Management
Monyhyll Church is constituted as a charitable trust and was registered with the Charity Commission on 11 January
1997 under charity number 1060100.
The Church is governed by a Trust Deed dated 17th October 1996 together with a Supplemental Agreement dated
261h June 2012.
The Trust Deed and Stjpplemental Agreement are supported by a Constitution. fefefred to as the Church Rules. which
sets ovt the beliefs and practice of the members and regulates the day to day operation of the Church including the
appointment of Elders. who act a5 the Managing Trustees of the Trust.
The Church is affiliated to the Fellowship of Independent Evangelical Churthes IFIEQ.
The Church operates under the oveisight of a team of Elders. ead) of whom is a Trustee of the Church.
The Trustees meet at least once a month and are fesponsible for all deosions taken in relation to the operation of the
Church and ihe activities provided by it. To assist the operatton of the Church. a number of Deacons and Ministry
Team leaders have been appointed to oversee the Church's pro9ramme of activities. All Deacons and Ministry Team
leaders are formal members of the Church.
The decisions of the Trustees are reported to the Church's fflembe¥s at regular business meetings. Significant
decisions are made only with the approval of the Churth members as required by the Church's 9overnin9 documents.
The day to day management of the Church's progiamme and facilities has been delegated by the Trustees to the
Church staff team. Deacoas and ministry leaders who provide iegular reports to the Trustees.
At the end of the financial year the Church employed one Senior Pastor. one Associate Pastor. one Administrator and
one Caretaker each of whom received emoluments and ieimbursement of expenses. Where employees are also
Trustees, the Chufch's governing documents provide for the remuneration of Tr(Jstees in this way.
The Church has appointed an Employment Committee which comprises a number of Church members together with
one non-remunerated Trustee. The Employment Committee proposes the term5 and conditions. remuneration and
the policy for reimbursement of expenses for all employees. Any such proposals are approved by the Church
members. Employees do not participate in determining the remuneration they receive.
cr
itm
ntan
intm
nt of Trustee
Under the Church Rules. new Elders are proposed by the existing Eldeis and then approved by Church members via
3 ballot which requires the support of at least 66% of those Chuich members partiopating In the ballot. Other than
the PasloTS, who are appointed as full-time. Elders serve fol a period of three years following which they are required
to submit for re-election lor a furthe¥ three-year term.
Following election by Church members. the trainin9 and general induction of new Trustees is overseen by the existing
Trustees, who may delegate certain elements OF this process to staff members.
New Tr(Jstees are provided with copies of the Church's 9overnin9 document5 together with key policies and
procedures. Charity Commission publications and the Churth's risk assessment document.

The Trustee5 continue to oversee the Church's organisational structures to ensure the demand5 of a growing Church
are met. Re9ular attention is given to slrate9ic and operational risks and systems have been established in order to
manage and mitigate any areas identified as being higher risk.
The Church's finances are kept under re9ular review with updates from the Finance Deacon to the Tr(Jstees and also
termly reports to the Church members.
Further risk management includes appropriate Insuran￿ poliae5 being in place and Disclosure & Barfing Service
checks bein9 undertaken on all those who woik with children or other vulnerable groups within the Church.
Safeguardin9 C￿OrdInator ove¥5ees the implerrbentation of the Church's safeguarding policy.

Objectives and Activities
The objectives of the Church. as stated in its 9overning documents. are:
to advance the Christian faith in Birmingham and in such other parts of the United Kingdom or the world in
accordance with the Church's Basis of Faith- and
to promote and fulf*l such other charitable purposes beneficial to the community in Birmingham and in such
other parts of the United Kingdom or the worfd as shall. in the opinion of the Trustees further the work of the
Church.
In exercising its stated objectives, the Church has the following aims-.
The worship of God. centred on the preathing and teaching of the Word of God,.
The cultivation of a caring fellowship for the encouragement and building LJP of the members-
To evangelise by the proclamation of the Gospel. by local outreach. and by prayerful and practical support of
overseas work;
The demonstration of the love of God by active involvement In the local community-
In summarisin9 its strategic actiwties. the Church has adopted the following vision statement
Monyhull Church exists to build a eommunlty of passionate d￿cIPleS of J95us Chri5L
equipping them to sèrve Him in Monyhull. Bim)ingham and b•yond

Activities and achievements
The Church continues to cary otrt a wide range of activities in pursuance of its charitable aims. When planning and
reviewin9 this programme of activities, the Trustees have given due consideration to the Charity Commission's general
g{Jidan￿ on public benefit and. in particular. the specific 9UIdan￿ to charities for the advancement of religion.
The Trustees are committed to ensurin9 the Church plays its part not only in the local community but also further
afield. In the same way, Church members are encouraged to live out their faith in their individual local eommunities
and neighbourhoods.
The Church has a formal membership of 156 full members and 23 a550ciate rrtembers. with a regular congregation of
approximately 2(K) people. covering a wide demographic range. The majority of the Church's activities are open to
the public and the Church welcomes its congregation from all cultural backgrounds. with the aim of ensuring each
member has the appropriate opportunity to enga9e with and benefit from the Church's activities.
The Trustees consider that the Ch(Jrch's pro9ramme of activities. 5urnmarised below. provides benefit both to those
who worship at the Church and the wider community of Monyhull. Birmingham and beyond.
The Church holds two publie services of woiship each Sunday. These serwces are open to the general public and
con9regation5 of up to 200 people normally attend. Services are advertised on the Church's website, live-streamed
on You Tube and recordings of talks and Bible teaching are routinely available for download from the website.
In addition to the general advertFsing of the main Sunday services. invitations to special events, such as Easter and
Christmas services. are regularly distribltted to the surrounding neighbouihood comprising 600 homes.
Membef5 of the congregation are encouraged to join local Fellowship Groups whtch meet each week and tan be
accessed both in person and online. These 9roups piovide a smaller format for Bible teaching and prayer. Fellowship
Groups are co-ordinated by one of the Trustees, and each Fell¢)wship Group 15 led by respected members of the
Church. In addition to 8ible teachin9 and prayer, Fellowship Groups are a150 designed to provide pastoral support
and opportunities for developing friendship.
The Church also encourages its members in the activity of pièyer. Thi5 is emphasised in the local Fellowship Group
activities, re9ular prayer bulletins and an annual week of prayer.
Monyhull Church's ethos is based firmly on the teachings of the B*ble. As a result. a number of activities are arranged
to enable the Church congregation to study the Bible. All these meetings ère open to the general public and regular
aetivities incl(Jde ladies, Bible Studies and Christianity Explored. In addition. there are regular Sunday evening
fneetings that aim to give 3 Christian perspective on some of the big questions and issues of our day. Invitations to
number of these events ale regularly i55ued to friends and neighbours.
From time to time, subject-led Bible-based training courses are organised. A trainin9 and support group for local lay
preachers is also held and 8 nLtrnber of the Chtjrch's lay preachers support other churches by preaching at their
respective Sunday seryices.
Monyhull Church is committed to working with other churches in the Birmin9hamlWest Midlands area. The Church
also supports the Midlands Gospel Partnership. a network of local churches committed to expanding gospel ministry
across the Midlands through training in Biblical ministry. co-operating in evangelism and partnering in chureh planting
initiatives. The Church's pastors are regular contributors to the Midlands Ministry Trainin9 Scheme which is organised
by the Midlands Gospel Partnership.
The Church continues to be si9nificantly involved in Global Partnerships via financtal, prayer and pastoral support of
individuals and organisations working in both the UK and overseas.
Overseas mission organisations supported included OMF, UFM. Africa Inland Mission and Operation Mobilisation.
The Church also actively supports two local charities= Just Caring Midlands and Birminghaffl City Mission. In addition.
support is given to the work of UCCF amongst local university students.

un
The two main annual community events are Carols on the Green and the Monyhull Community Day. Carols on the
Green is an open air Community Carol service on Monyhull Green with refreshments following in the main church hall.
For the Monyh(Jll Community Day, hundreds of members of the local community came along to the church to enjoy
games, inflatables. refreshments. BBQ craft fair and other acti*itie5. There were also opportunities for people to
learn more about the chuich and the various community activities which the church runs each week.
A varied programme of regular activities 15 also arfan9ed by the Church. with invitation5 15sued to friends and
colleagues of Church members, as well as more general invitations to the local neighbo(Jrhood. This includes coffee
mornings. men's and women's events. Guest speakers are typically invited to these events at which they present a
talk about their faith or another topic of interest.
Activities for children and youth included Noah's ATk Stay and Play sessions. the weekly activities for childien. Sparks.
Megabytes and Growth Groups. and the Monyhull Youth events on Fridays and Sundays.
The Church Centre facilities can be hired by external organisations and individuals including for family parties, wedding
related celebrations. training / consultation meetings. neighbouihood police tssking meetings and residents,
forumlward committee meetin95. In addition. the Church p¥emises have been used for hosting events for local and
national charities. The church also acts as a polling station for loeal and national elections. This 15 all in addition to
the ongoin9 programme ol Churth ministry.
With God's help and 9uidance. the Trustees anticipate the development of future ministries from the Church Cenlre
and are grateful to the number of Church members who continue to work so diligently in the life and activity of
Monyhull Church.
Plans for future period
It is anticipated that the Church will continue its activities and overall ministry as evidenced in the financial year ending
30" September 2023. The Trustees will review any future ministry opportunities in the light of the Church's strate9le
aims and objectives.

Financial review
The Financial Statements have been prepared on an accruals basis and include a Statement of Finanaal Activities and
Balance Sheet.
The Trustees continue to rewew the Church's finances on a regulaT basis and Churd) members receive termly financial
updates.
The majority of the Church's income continues to be ￿￿1Ved via gifts and donations principally from Church members
and other committed Christians attending the main Church meetings. Where appropriate, tax is reclaimed under the
HMRC Gift scheme.
Restricted funds are accounted for separately and a￿ rin9-fenced from other funds. Restricted funds are only
accepted for projects or activities approved by the Trustees. As noted below, the Trustees do not have specific
reserves policies for the Church's restricted fund&
The Church has no long-term investments. All cash resetves are held in bank accounts. all of which are protected
Ltnder the Financial Services Compensation Scheme.
rant-makin
Grant support is provided by the Church to a wide range of individuals and organisations involved in Christian work,
both in the United Kingdom and overseas. Giants are considered by the Trustees and approved by Church members
as part of the Church's annual budget-settin9 process. More urgent grant support can be approved. either by the
Trustees or Church members. in line with the Church's internal firkancial policy.
Grant support provided durin9 the financial year is outlined in the notes to the Financial Statement5.
The finances of each fund. for the finanaal yeai. ale 5umrrtaTised a5 lollow5:
The General Fund is used for the day-ttrday running of the Churd) ènd its activities. The Fund can be used io
s(Jpport other Church funds at the discretion of the Tiustees. in line with the Church's internal financial policy.
C￿erall regular gift income into the Churd)'s General Fund linduding Gift Aid reclaims) saw a significant increase
over the year, largely due to an increase in church membership.
At the year-end the General Fund recorded a deficit of £2.404 after transfers to other funds. General Fund
reserves at the year-end totalled £85,640, of which net current assets stood at £78,881.
Gener
The Church aims to hold a minimum of £35.000 in liquid reserves in the General Fund at any point in time In order
to ensure there are sufficient funds to accommodate irregular periods of income and expenditure and l or
bud9eled deficits.
An ann(Jal bud9et-setting process together with regular financial reports enable the Trustees to actively monitor
and manage General Fund feseryes.

The Global Partners Fund supports individual Christians and organisations working in both the UK and overseas.
The general principle for the Fund is for all gifts received to be disbursed to appropriate individualslcauses as soon
as possible. Consequently. there is no speofic Reserves Policy for this Fund.
The Training Fund supports individuals training for a variety of Christian ministries.
Ouring the yeai. two grants were made from the Training Fund totalling £1.590. There is no specific Reserves Policy
for this Fund.
The Church's freehold premise5 were acquired irk September 2012 and cornprise the 0ri9inal Church building,
formerly part of Monyhull Hospital. together with Monyhull G￿en and the adjoinrng land and car parks.
In 2013, additional premises were constiucted. and these were funded via the Church's Building Fund which. in
addition to ongoing gifts from the Church congre9ation, received 9rants from Brrmin9ham City Council and The
Fellowship of Evangelical Churches.
In order to supplement the Building Fund. the Trustees have also entered into loan agreements with Stewardship
Services IUKED Limited and The Fellowship of Evan9elical Chufches Limited. The Building Fund continues to receive
gifts from Church member5. and these are used to make the repayfflents in accordance with the respective loan
agreements. All repayments are up to date and. at the financial yeaf end. the loan balance5 totalled £166,857
12022.. £190,193). Additional givin9 Into the fund has also been received for the future refurbishment of the original
chapel buildin9.
The Building Fund operates as a restricted fund and. as suth, there is no specific Reserves Policy for this Fund.
The Fellowship Fund is a discretionary fund administered by the Trustees to assist those in situations of hardship.
During the year three grants were made f¥orn the fund to individual church members totalling £1.900.

Statement of Trustees, responsibilities
The Trustees are responsible for preparing an annual ieport and finanaal statements in accordance with applicable
law and United Kingdom Accounting Standards (United ￿ngdoM Generally Accepted Accountin9 Practicel.
The law applicable to charities in En9land and Wales requires the Charity Trustees to prepare financial statements
each 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 the financial statements. the Trustees are required
to:
Selert suitable accounting policies and apply them consistently;
Observe the methods and prinoples in the Charities SORP,.
Make judgements and estimates that are reasonable and pr(tdent,'
State whether applicable accounting standards have been followed. Subject to any material departures
disclosed and explained in the finanaal statements-
Prepare the financtal statements on a goin9 concern basis unless it is inappropriate to presume that the Charity
will continue in operation.
The Trustees are responsible for keepin9 proper accounting records that disclose with reasonable accuracy at any
time the financial position of the Charity and to enable them to ensufe that the finanoal 5talements comply with the
Charities Act 1993, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the governing
document. They are also responsible for safeguarding the assets of the Charity and hence taking reasonable steps
lor the prevention and detection of fraud and other Irre9ularities.
The Trustees are responsible for the maintenance and integrity of the Charity and finanoal information included on
the Charity's website. Legislation governing the preparation and dissemination of financial statements may differ from
legislation in other jurisdictions.
Approved by the Trustees on 27th March 2023 and signed on their behalf by:
Andy Cole
Trusteè

C H U R C H
CHARITY COMMISSION
FOR ENGLAND AND WALES
Independent examiner's report on the
accounts
Section A
Independent Examiner's Report
Report to the trusteèsl
member$ of
MONYHULL CHURCH
On aeeounts for the year
ended
3￿ SEPTEMBER 2023
Charity no
lif any)
1060100
Set out on pages
11-21
I report to the InJstoe$ on my examination of the accounts of the abov8
charity nhe Trust") for the year ended 30 109 12021.
ResponsIbl￿￿ and
basls of rèport
As the charity$ trustees. you are responsible for the preparation of the
accounts in accordance wth the requirements of the Charities Act 2011
nhe A(f).
I report in respect of my examination of the Trust's accounts carried out
under section 145 of the 2011 Act and in carrying out my examination. I
have followed all the applicaN8 Directions gwen by th8 Charity Commisslon
under sèthon 14515Xb) of thè A¢t_
Independent I have completed my examination. I confimi that no material rnatters have
oxaminerfs statgment come to my attention in connection the examination which gives me
cause to ￿lIeVe that in. any material respect..
the accounting ￿e￿[d$ were not kept in 8¢¢ordance with section 130
of the Charitie3 Ad.. or
the accounts dKI not accord w*lh the accounting record$," oi
the accounts dKI not comply wilh the applicable requirements
Cor￿erning the fom and content of accoLJnts set out in the Charit￿S
(Accounts and Reporls) Regulations 2008 other than any requirement
that thtt accounts give a Irue 8rMI fair. view which is not a matter
considered as part of an indep9r￿ent examination.
I have no conwns and have come across no other matters in connection
with th& examination to which attention should be drawn in this report in
order to ena￿e a woper understandin9 of the accounts to be r¢a¢h8d.
Slgned:
Date-
12
Name:
DALE BRUSBY
Rèlèvant professlonal
qualificationlsl or body
lif any):
ACMA CGMA
Addrèss:
11.WOODSTOGK COURT, 156 NORTHFIELD ROAD,
KINGS NORTON
BIRMINGHAM B30 1DX
IER
Oct 2018

C H U R C H
Section 8
Disclosure
Only complete If the examinèr needs lo highlight rn8leiial matters ol Com￿r￿
(see CC32, Independent examination of charty accounts.. directH)ns and
guidan¢e for examiners).
Giv• hère brlef dotslls of
any itoms that th¥
examirter wlshe$ to
disGIo$è.
IER
Oct 2018

**le** H u R **c** H 


## **Monyhull Church** 

## **Statement of Financial Activities for the year ended 30 September 2023** 

|**Note**<br>**Income & Endowments from:**<br>Donations<br>Gift Aid tax recoverable<br>Interest<br>Use of premises<br>2<br>Other charitable activities<br>2<br>**Total**<br>**Expenditure on:**<br>Charitable activities<br>- Ministry<br>3<br>- Global Partners Support<br>4<br>- Property & Utilities<br>5<br>- Administration/Miscellaneous<br>6<br>- Depreciation<br>11<br>- Building Project<br>7<br>Governance costs<br>8<br>**Total**<br>**Net income/(expenditure)**<br>Transfers between funds<br>16<br>**Net movement in funds**<br>**Reconciliation of Funds**<br>**Total Funds brought forward**<br>**Total Funds carried forard**|**30 September 2023**<br>**Unrestricted &**<br>**Designated**<br>**Restricted**<br>**Total Funds**<br>£<br>£<br>£<br>168,091<br>55,648<br>223,739<br>34,218<br>10,660<br>44,878<br>0<br>0<br>0<br>17,320<br>0<br>17,320<br>21,720<br>0<br>21,720<br>**241,349**<br>**66,308**<br>**307,657**<br>163,758<br>3,490<br>167,248<br>9,982<br>47,560<br>57,542<br>31,452<br>0<br>31,452<br>13,151<br>0<br>13,151<br>4,405<br>32,375<br>36,780<br>0<br>9,454<br>9,454<br>993<br>45<br>1,038<br>**223,741**<br>**92,924**<br>**316,665**<br>**17,608**<br>**(26,616)**<br>**(9,008)**<br>(20,012)<br>20,012<br>**2404**<br>**(6,604)**<br>**(9,008)**<br>108,170<br>1,061,985<br>1,170,155<br>**105,766**<br>**1,055,381**<br>**1,161,147**|**30 September 2022**<br>**Total Funds**<br>£<br>191,153<br>38,438<br>0<br>8,740<br>7,258|
|---|---|---|
|||**245,589**<br>146,746<br>52,634<br>23,647<br>12,725<br>37,657<br>9,565<br>1,278|
|||**284,251**|
|||**(38,662)**<br>**(38,662)**<br>1,208,817<br>**1,170, 155**|



All income and expenditure relates to continuing activities. 

Where applicable, the Statement of Financial Activities includes all gains and losses during the year. The attached notes on pages 14-21 form part of these financial statements. 

_-12_ - 



C H U R C H
Monyhull Church
Balance sheet
As at 30 September
2023
As at 30 Septembor
2022
Nots
Fixèd Ass•ts
Tangible fixed assets
1.183.340
1,219,281
Current Assets
Debtors & Prepayments
C85h at bank and in hand
Total current assets
12
11,716
143.320
155.036
15.379
136,153
151,532
13
Liabiliti•s
Creditors falling due within one
year
N•t Current Assets
14
121,4531
127.5471
133.583
123,985
Creditors falling du• aft¢r one year
Loan accounts
15
1155.7761
1173.1111
Net Assets
1.161.147
1,170.155
Funds
Unrestricted & Designated funds
Restricted funds
16, 17
16. 17
105.766
1,055.381
108.170
1,061.985
Total Funds
1.161,147
1.170.155
The attached notes on pages 14-21 form part of these finanaal statements.
Approved by the Tfustees on 27th March 2024 and signed on their behalf by
Andy Cole
Trustee
Don Morrison
Trusteg
-13-

C H U R C H
Monyhull Church
Cash Flow Ststement for the year ended 30 September 2023
30 September
2023
30 Septemb6r
2022
Net cash inflow from operating actiwties
Net incoming resources
Depreciation
Movement in debtors
Movement in creditors
19.(KJ81
36.780
3,663
16,0941
138.6621
37.657
15,1481
4,553
Net cash inflow from operatin9 actiwties
25.341
11.6001
Capital Expenditure
Cap¥tal reductions to term liabilities
18391
117.3351
17.0761
122.4341
Increase (Decrease) in cash
7.167
131.1101
The attached notes on pages 14-21 form part of these finanoal statements.
14-

C H U R C H
Monyhull Church
Notes to the Financial Ststements for the year ended 30 September 2023
1. Accounting Policiés
lal Basis of preparation
The Financial Statements have been prepared in accordanee with the requirements of the Charities Act 2011 and
the Church Accountin9 Re9ulations 2006 tO9ether with appl¢¢able UK accountin9 Standards and the revised
Statement of Recommended Prartice= Accounting and Reportin9 by Charities ISORPI FRS 102 SORP 2015.
The Financial Statements have been prepared under the historical c05t convention and include transaction5. assets
and liabilities for which the Trustees are responsible in law. Theydo not include the financial statement5 of Church
groups that owe their main affiliation to another body or those that are informal 9atherings of Church members.
Ibl FLtnds strurture
Unrgstrictedlunds comprise those funds which can be used by the Trustees for any purpose in furtherance ol the
charitable objectives. From time to time the Trustees may designate funds for a speciftc purpose.
Restrirtedfunds represent donations or grants received for a specific purpose and can only be expended on the
purpose for which they were given. unless any change is properly authorised by the donor.
Id Incoming resources
All incoming resources are recognised On￿ the Church has full legal entitlement. and it is certain the resources
will be received and their monetary value can be measured with sufficient reliability.
Voluntsry income is received by way of gifts and donations and is induded in full on the Statement of Financial
Activities when received. Income tax recoverable on Gift Aid donattons is recognised when the income is received
and is accounted for on an accruals basis.
Intsre$treceivedis accounted for on an accruals bays.
Otherincome is reco9nised when receivable.
Idl Resourcès èxpended
All expenditure is recogni5ed on an accruals basis as soon as there bs 3 legal or constructive obligation committin9
the Church to the expenditure. It is accounted for when it is incurred and is inclusive of any VAT which cannot be
recovered.
All costs Incurred by the Chureh in the delivery of its activitie5 are allocated between the expenditure categories
of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relating lo a
particular activity complise both Costs that can be allocated directly to such activities and those costs of an indirect
nature necessary to support them.
lel Grants and donations
Grants and donations are accounted for when paid over, or when awarded if that award creates a binding
obligation on the Church. Such payments are made to third parties in furtherance of the Church's charitable
objectives.
lfj Govèrnance costs
Governance costs include those costs associated with meeting the constitutional and statutory requirements of
the Church and include its independent examination and costs linked to the strategic management of the Church.
-15-

C H U R C H
1. Accounting Polia8s~ continued
191 Governance costs
All tangible fixed assets are ijsed by the Church in fulfilling its tharitable objectives. Tangible fixed assets are
capitalised at historic cost and are stated at cost less accumulated depreciation which is accounted for on a straight
line basis over the a55et's estimated useful life.
The annual depreciation rate5 applied are as follows=
Freehold land and buildin9S
Improvements to land and buildin9S
Fixtures, fittin9s & equipment
10%
25%
Fixtures, fittings and equipment items costing less than £250 are not capitslised. unless part of a group purchase
exceeding £250, but are written off to revenue as the expenditure is incurred.
Ihl Pen510nS
The church pays total contribut¢ons at the rate of 8% of basic gr05s annual salary into an HMRC approved
Workplace Pension Scheme for each eligible staff member. or if they have opted out. into an approved personal
pension scheme. An annually reviewable salary Sacrifice scheme is also made available which entitles employees
to sacrifice a proportion of their salary in direct exthan9e for additional pension cont¢ibutions. Pension
contrib(Jtions are recorded in note 1B.
2. Income from other tharitable activities
30 September 2023
30 September 2022
Unrestricted
G•n•ralministry ¢osts
Ineome to offset staff expenses
Weekend and day events
342
1.599
14.317
Children s & Youth mintsty
Noah's Ark
Youth weekend and events
1.593
2,280
951
1,740
Outreach & Community
Commijnity Day
Men's events
Women's events
Other evangelistic events
1,416
1,101
323
1.037
712
199
110
Miscgllanèous
Room hire & equipment rental
Book sales
2021 church weekend deposit refund
Other items
17.320
8,740
500
Total other income
39.040
15,998
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C H U R C H
3. Expenditur• on Ministy
30 September 2023
30 Septgmb¢r 2022
Unrestricted
Gener?Iministycosts
Staff salaries and expense5 (note5 18 & 191
Speakers fees
Weekend and day events
Pastoral support
Catering
Cleaning
Fellowship Group resources
Licences
Training
110,570
430
21,164
126
1.745
4.332
404
3,823
2.040
146.371
110,616
400
3.322
1.068
3,008
790
515
5.010
3,548
129,146
Childrnn s & Youth mintsty
Noah's Ark
Growth Groups
Me9abytes
Sparks
MonyhLJII Yovth
Youth weekend away
Training
Disclosu¢e & Bèrrin9 Service checkslchild Protection
1,197
523
256
154
401
5.142
1.283
189
189
1,433
3,466
250
388
7,3C14
433
8,106
Outreach & Community
Community Day
Christmas & Easter events
Coffee mornings
Cor)nect
Men's I Women's events
Other outreach events
Evangelistic literature and medÉa
4,969
1.794
140
3.772
3.122
544
33
1.636
331
1.8LK)
269
9.281
9,438
Restricted
Trnining
Training Grant
Follo&￿1P
Financial support
1.590
1.900
858
Totsl expenditure on ministy
167.248
146,746
17-

C H U R C H
4. Global Partn8r Support
30 Stpt•mb•r 2023
30 September 2022
Restrirted
Gifts/grants to GlobalPartnerorganisations
OMF IGriffiths1
UFM (Gaveyl
UFM (Harris)
AIM (Bell)
Just Caring Midlands
Operation Mobilisation (Wheatley & Chedgzoyl
UCCF Imurcettl
Biwmingh8m City Mission
15.653
12.652
12.950
10,430
4,029
10.029
3.￿0
2,899
300
360
43,997
10.253
3,000
3.092
360
45.310
Pwsonalgrftdgrants
Duda support (Polandl
1.750
1.750
1,750
1.750
Support/othercosts
Other Iless than £2501
De&gnatedfunds~ one-offapp•als
Harvest offering
Spearhead Trust- 'Real Easter.
Griffiths travel appeal
Ukraine appeal
Tufkey earthquake appeal
2.310
450
4.127
459
5.895
3,628
Total expenditure on Global Partner support
57.542
52,634
S. Expenditure on Property & Utilities
30 September 2023
30 September 2022
Property repairs & maintenance"
Equipment purchase. Maintenance & service
Utilities - gas. electric. water
Buildings/Contents/Engineering insurance
Totsl expenditure on property & utilities
' Property repairs & maintenance in year to 30 September 2023 ts shown net of an insurance claim of £8.000 tn
respect of the sewage leak in the church basement in August 2023.
6. Expenditure on Administration l Miscellaneous
11,413
5,054
9.924
5.061
31.452
9.230
3.734
6,072
4,611
23.647
30 September 2023
30 September 2022
Website & advertising
Photocopier rental & service
PA/recording
Telephone & internet
Stationery & printing
FIEC, Affinity, Midlands Gospel Partnership
Sundry expenditure (items less than £2501
Bank charges
Health & Safety review
Online processing fees
Totsl expenditure on administrati0￿MiSCellaneouS
419
1.674
28
1.031
2.372
5.902
1,114
1,973
827
923
594
5.874
79
11
194
216
1.315
13.151
162
1,127
52
12.725
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C H U R C H
7. Buildin9 fund costs
30 September 2023
30 Sgptemb¢r 2022
Restrirted
Building work and costs
Loan interest- Stewardship
Loan interest - FIEC
Total èxpenditure on buildin9 project
2.225
7,220
120
9.565
9.394
9.454
8. Govèrnance costs
30 Septembgr 2023
30 S•pt8mb8r 2022
Unrestricted
Trustee indemnity insurance
Independent examination
gift
Staff pension scheme èdministration fee
Legal fees
Restricted
Le9al Fees
Total governance costs
347
250
396
347
250
396
240
45
1.038
45
1.278
9. Related paty transactions
No Trustee had any personal interest any contract or transaction entered into by the Church durin9 the year.
10. Taxation
As a Charity. the Church is exempt from tax on income and 9ains fallin9 Wlthin section 505 of the Taxes Act 1988
or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable
objects. No tax charges have arisen within the Church.
11. Fixed Assets
Fixtures. Fittings
& Equipment
Land & Buildings
Total
Cost
Balance at 30 Sept 2022
Additions
Disposals
Balance at 30 Sept 2023
Accumulated deprecjation
Balance at 30 Sept 2022
Charge in the year
Disposals
Balance at 30 Sept 2023
1,458,752
93,203
839
1,551,955
839
1.458.752
94.042
1,552,794
217.421
32.375
82,878
4.405
332,674
36,780
282.171
87.283
369.454
Not book value at 30 Sept 2023
1.176.581
6.759
1.183.340
Net book value at 30 Sept 2022
1.208.956
10,325
1,219,281
The Land & Buildin9s values shown above are at historical cost less depreciation. and do not necessarily reflect
current market value.
The Land & Buildin9s comprise a Freehold Property now known a5 Monyhull Church Centre, St Francis Drive,
Kings Norton, Birmingham. The property was acquired in 2012 and was the subject of construction work on a new
annexe in 2013.
The Land & Buildings are held on trust for the Church by FIEC knmited as Holding Trustee.
All fixed assets are held for charitable purposes.
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C H U R C H
12. Debtors & Pr•paym•nts
30 ￿Pternb•r 2023
30 Sèptèmber 2022
Debtors
Prepayments
Income tax recoveiable on Gift Aid
1,167
7,423
3.126
11.716
3.461
8,964
2,954
15.379
13. Bank Balances
30 September 2023
30 September 2022
Cash
Cijrrent Accounts
Online payment processors
137.126
6,194
143,320
135.855
298
136,153
14. Creditors- amounts falling due wthin one year
30 September 2023
30 September 2022
Loan account5
FIEC
Stewardship
Accruals
Deferred income
6,000
11,082
5.768
4.697
27.547
11.082
7.791
2.580
21.453
15. Creditors- amounts falling due after one year
30 Sèptèmber 2023
30 September 2022
Loan accounts
FIEC
Stewardship
155.776
155,776
173.111
173,111
The loan from Stewardship Setvice5 IUKEt) Ltd 15 secured by a legal chaf9e over the Church's land & buildings.
16. Movement of Funds
Balancè Wf
R•e•ipts
Payments
Transfer5
Balance cl*
Restricted
Buildin9 Fund
Global Partners Fund
Training Fund
Fellowship Fund
Designated
Building Fund
One-off appeals
Unrestrirted
General Fund
Total funds
1,052,581
32,854
27,548
2,828
3,078
141,8741
147, 5601
11,5901
11.9001
1.043.561
20.012
5,640
3.764
6.878
4.942
20.126
20,126
9.982
19.9821
88.044
1.170.155
231,367
307.657
1213,7591
1316.6651
120.0121
85.640
1.161.147
The transfer into the Global Partners Fund represents the amount required to balance the Fund at the year-end.

C H U R C H
17. Analysis of Funds
Fixed Assets Net Currerrt Assets
Tèrm ￿abill￿•S
Total
Re5trirted
Buildin9 Fund
Global Partners
Fund
Training Fund
Fellowship Fund
1.176.581
22.756
{155,776}
1,043,561
6.878
4,942
6,878
4.942
Dasignated
Building Fund
20.126
20,126
Unrestricted
General Fund
6,759
78.881
85,640
Totsl funds
1,183,340
133.583
1155,776)
1,161,147
Unr•strict•dlunds
The Genera1 Fund compiises unrestricted funds which are available for use in the general operation of the Church
and its activities. Some of these funds may be designated by the church Elders for use by other funds.
Restrictedfunds
Restricted funds are used for the following specific putPOses=
Building Fund
The Building Fund was originally established to cover the cost of construeting additional Church facilities. The
Building Fund continues to receive gifts and donations which are used to repay loans from Stewardship Services
IUKETI Limited and The Fellowship of Independent Evangelical Churches Limited. These loans were raised in 2013
to assist with the construction cost of new Church facilities. Surpluses In the Fund may be used to make additiona1
repayments on the loan5 0￿standIng or contfibute to the refurbishment of the Chapel building. The loan from
FIEC was paid off in full in July 2023.
Global Partners FurKI
The Global Partners Fund supports individual Chiistians and organisations working in both the UK and oversea5.
Training Fund
The Training Fund supports individuals training for Christian minlstry.
Fellowship Fund
The Fellowship Fund is a discretionary fund administered by the church Elders to assist in situations of hardship.
18. Staff numbers and emoluments
30 S#pt•mb8r 2023
30 September 2022
Number of FTE staff
Salaries
Expenses
Pension eonlribulions
Employer NIC costs
ERNIC Allowance
HMRC Furlough payment
88.718
4.996
12.310
8.824
14,2761
89.817
4.417
13,231
8,257
15.1061
110,572
110.616
At 30 September 2023. the chu¥ch employed one full-time Pastor, one part-time Pastor. one part-time
Administrator and one part-time Caretaker.
No employee was paid at a rate in excess of £60.0(X) pe¥ annum.
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C H U R C H
19. Trust••s' ¢moluments and reimbursed expenses
The eldeis of the Church linclud4ng the Pastors) are all appointed as Trustees. The Church's governing documents
permit the reasonable remuneration of Trustee5 and also provide for the payment to Trustees of reasonable and
proper out of pocket expenses incuifed in carrying out their duties.
In addition to salary and expenses, the church pays contributions at the rate of 5% of basic gross annual salary
into an HMRC approved Workplace Pension Scheme for each eligible staff member. or if they have opted out, an
approved personal pension scheme. An annually reviewable salary sacrifice scheme is also made available which
entitles employees to sacrrfice a proportion of their salary in direct exchange for additional pension contributions.
Payments made to Trustees were as follows-
Salary
Pension
Employèr NIC
Total
Year to 30 S•pt•mb•r 2023"
Andrew Cole
37.427
Philip Sweeting
25,723
63,150
2,018
2,850
4,868
3,247
7,310
10.557
4,654
2.588
7,242
47.346
38.471
85,817
Year to 30 September 2022
Andrew Cole
Philip Sweeting
36.180
29,843
66,023
2.095
2.231
4,326
3.828
8.014
11.842
3,925
3,015
6,941
46,028
43,103
89,132
Fiom February 2023 Philip Sweeting reduced his working hoLtrs by 25% to take up a new part-time role with
ving Leadership which is why these figures show a si9nificant drop on the previous year.
20. TrLFStee donations
During the year, aggregate donations received from Trustees and related parties amounted to £56,30012022..
£45,987).
21. Capital commitments
At the year end. there was no Capital expenditure which had been contracted but not provided for in the financial
statements12022.' nill.
22. Contingent liabilities
In April 2013, a grant of £108.250 (net ol expenses) wa5 received fiom Birmingham City Co(Jncil towards the
capital costs of constructing the church's annexe building. The grant wa5 conditional upon the Church's land &
buildings being made available for Church and community use. If during the 10-year pe¥iod lollowing practical
completion ol the building work. the Church's land & buildin9$ are not made available for such use. or in the event
of disposal of the land & buildings. Birmtngham City Council reserves the ri9hi to reclaim the grant sum abated
by a percentage of 10% for each complete year which has expired following praetital completion. This obligation
is secured by a legal charge over part of the Church's land & buildings.
The Trustees have entered into a Deed of Covenant with the Secretary of State for Health and others in respect
of the Chureh's13nd & buildin9s. The Deed stipulates that if, before l January 2023, the Church implements any
planning permission on. or otherw4se disposes of. part or all of its land & buildings a settlement ligure 15 to be
paid, the arnount of which is to be determined at the time of implementation or disposal by relerence to the
provisions ol the Deed. This obligation is secured by a legal tharge over the Chtjrch's land & buildings.
Both of the above contingent liabilities fell away over the year and there are no conlingent liabilities as at 30
September 2023.
-22-