C H U RC H Monyhull Church Annual Report & Financial Statements Year ended 30 September 2024 Contents Pages Trustees, report Ito7 Independent Examinerfs report Statement of Financlal Activities Balance Sheet 10 Cashflow statement 11 Notes to the flnancial statements 12to19
Monyhull Church Report of the Trustees for the year ended 30 September 2024 TheTrustees are pleased to presenttheir report and financlal statementsforthe yearended 30September 2024and confirm they comply wlth the requirement5 of the Charities Act 2011, the trust deed and the Charities SORP IFRS 1021. Reference and Admlnlstratlve Informatlon Charity Name Monyhull Church Reglstered Charlty Number 1060100 Prlncipal Addre55 Monyhull Church Centre St Francis Drlve Kings Norton Birmingham B30 3P5 Trustees Trustees who served durlng the year end up to the date of thls report were: Stephen Browne (to 7th February 20241 Andrew Cole Paul Mallard {from 7th February 20241 Donald Morrlson Louls Quaintance Phlllp Sweeting Mark Wlggin5 Property Holdln8 Trustee On 8th September 2010, The Fellowshlp of Independent Evangellcal Churches Llmited was appolnted as the Church's Holdlng Trustee. The sole purpose of thi5 appolntment Is for holdlng the legal tltle of real property and investments in trust for the Church and ensurlng that the same Is used only in accordance with the instructlons of the Managlng Trustees In furtherance of the purpose of the Church. Bankers HSBC 13 Chapel Street, Stratford upon Avon, Warwlckshlre, CV37 6ET Independent Examlner Dale Brusby ACMA CGMA 11 Woodstock Court, 158 Northfield Road, Klngs Norton, Birmlngham, B30 IDX
Structure, Governance and Management Governin document th Monyhull Church is constituted as a charltable trust and was registered with the Charity Commission on 11 January 1997 under charity number 10601CN). The Church is govemed by a Trust Deed dated 17th October 1996 together wlth a Supplemental Agreement dated 26th June 2012. The Trust Deed and Supplemental Agreement are sUPPOrted by a Constltutlon, referred to as the Church Rules, whlch sets out the beliefs and practlce of the members and regulates the day to day operatlon of the Church Including the appointment of Elders, who art as the Managing Trustees of the Trust. The Church Ss affiliated to the Fellowship of Independent Evangellcal Churches IFIEC). Or anlsatlonal structure The Church operates under the oversi8ht of a team of Elders, each of whom Is a Trustee of the Church. The Trustees meet at least once a month and are responsible for all decislons taken In relatlon to the operation of the Church and the actlvltles provided by it. To asslst the operatlon of the Church, a number of Deacons and Mlnlstry Team leaders have been appointed to oversee the Church's pro8ramme of actlvitles. All Deacons and Ministry Team leaders are formal members of the Church. The declslons of the Trustees are reported to the Church's members at regular business meetln85. Signlficant de¢lsions are made only wlth the approval ofthe Church members as requlred by the Church's governing documents. The day-to-day management of the Church's proBramme and facllities has been delegated by the Trustees to the Church staff team, Deacons and mlnlstry leader5 who provlde regular reports to the Trustees. At the end of the flnanclal year the Church ernployed one Senlor Pastor, one Assoclate Pastor, one Admlnlstrator and one Caretaker each of whom recelved emoluments and reimbursement of expenses. Where employees are also Trustees, the Church's governing documents provlde for the remuneratlon of Trustees in thls way. The Church has appolnted an Employment Committee whlch comprlses a number of Church members together with one non- remunerated Trustee. The Employment Commlttee proposes annual pay rlses for current employees. Any such proposals are approved by the non-remunerated Trustee5. Ernployees do not partlclpate In determining the remuneration they receive. Recrultment and a olntment of Trustees Under the Church Rules, new Elders are proposed by the existing Elders and then approved by Church members via a ballot which requlres the support of at least 66% of those Church members particlpatlng in the ballot. Other than the Pastors, who are appointed on a permanent basls, Elders serve for a period of three years followin8 whlch they are requlred to submlt for re- electlon for a further three-year term. Induction and trainln stees Following electlon by Church member5, the training and general indurtion of new Trustees Is overseen by the existing Trustee5, who may delegate certain elements of this process to staff members. New Trustees are provided with copies of the Church's governlng documents together wlth key pollcles and procedures, Charlty Commission publications and the Church's risk assessment document. Rlsk Mana ement The Trustees continue to oversee the Church's organlsatlonal structures to ensure the demands of a growlng Church are met. Regular attention Is given to strategic and operational rlsks and systems have been established in order to manage and mitigate any areas identified as bein8 higher risk. The Church'5 finances are kept under regular review with updates frorn the Finance Deacon to theTru5tee5 and also termly reports to the Church members. Further risk management Includes appropriate insurance policies being in place and Disclosure & Barring Service checks being undertaken on all those who work with children or other vulnerable groups within the Church. A Safeguarding Co-ordinator oversees the implementation of the Church's safeguarding policy.
Objertives and Activities The oblertlves of the Church, as stated in its 8overnin8 documents, are: to advance the Christian faith in Blrmin8ham 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 fulfll such other charltable purposes beneficial to the community In Birmingham and in such other parts of the United Kln8dom or the world as shall, in the opinion of the Trustees further the work of the Church. In exerclsin8 Its stated oblectlves, the Church has the followlng aims: the worship of God, centred on the preaching and teaching of the Word of God; the cultlvatlon of a caring fellowship for the encoura8ement and bullding up of the members,. to evangelise by the proclamation of the Gospel. by local outreach, and by prayerful and practical sUPPOrt of overseas work; and the demon5tratlon of the love of God by actlve Involvement In the local communltv. In summarlslng Its strate8lc attlvltles, the Church has adopted the followln8 vlslon statement Monyhull Church exlsts to bulld a communlty of passionate disciple5 01 Jesus Chrlsl equlppln8 them to serve HIM In Monyhull, Blrmln8ham and beyond
Activities and achievements Dellve of Publlc Benefit The Church continues to carry out a wlde range of activities in pursuance of its charltable aims. When planning and reviewing this programme of activities, the Trustees have given due consideration to the Charity Commission's general guidance on public benefit and, in particular, the specific guidance to charitles for the advancement of religion. The Trustees are committed to ensuring the Church plays Its part not only In the local community but 3150 further afield. In the same way, Churth members are encouraged to Ilve out thelr falth in thelr Individtsal local communities and neighbourhoods. The Church has a formal membership of 159 full members and 17 assoclate members, wlth a regular congregatSon of approximately 250 people, covering a wide demographic range. The majority of the Church's actlvities are open to the publlc and the Church welcomes its congregation from all cultural backgrounds, wlth the aim of ensuring each member has the appropriate opportunStyto engage with and benefit from the Church's activltles. The Trustees consider that the Church's progrèmme of actlvlties, summarlsed below, provlde5 benefit both to those who worshlp atthe Church and the wlder community of Monyhull, Birmlngham and beyond. Rell lous actlvltles The Church holds two publlc 5ervlces of worshlp each Sunday. These seNices are open to the general publi¢ and congregatlons of up to 250 people normally attend, Servlces are advertlsed on the Church'5 webslte, Ilve-streamed on YouTube and recordSn85 of talks and Bible teachln8 are routlnely available for download from the webslte. In addition to the general advertlsing of the maln Sunday servlces, Invltations to speclal events, such as Easter and Chrlstmas servlces, are regularly dlstributed to the surroundSnE nelghbourhood comprlsing 600 homes. Members of the congregatlon are encouraged to Joln local FellowshSp Groups which meet each week and can be accessed both In person and onllne. These groups provide a smaller format for BSble teachlng and prayer. Fellowshlp Groups are co-ordinated by one of the Trustees, and each Fellowship Group is led by respected members of the Church. In additlon to Bible teaching and prayer, Fellowshlp Groups are also designed to provlde pastoral support and opportunlties for developln8 friendship. The Church also encoura8es Its member5 In the activity of prayer. This is emphaslsed in the local Fellowshlp Group actlvltles, regular prayer bulletins and an annual week of prayer. Communl actlvl les The two main annual communlty events are Carols on Monyhull Green and the Monyhull Communlty Day. Carols on Monyhull Green Is an open air Community Carol servlce on Monyhull Green on Christmas Eve with refreshments followin8 in the church. For the Monyhull Communlty Day, hundreds of members of the local communlty came along to the church to enjoy 8ames, Inflatables, refreshments, BBQ craft fair and other actlvltles. There were also opportunities for people to learn more about the church and the varlous communlty actlvitie5 which the church runs each week. A varled programme of regular activltles Is also arranged by the Church, with Invitations issued to friend5 and colleagues of Church members, as well as more general Invltatlons to the local nelghbourhood, Thls Includes coffee mornings, men's and women's events. Guest speakers are typl¢ally invited to these events at whlch they present a talk about thelr faith or another toplc of interest. Artivities for children and youth Included Noah's Ark Stay and Play sesslons, the weekly actlvlties for chlldren, Sparks, Megabytes and Growth Groups, and the Monyhull Youth events on Fridays and Sunday5. The Church facilitie5 can be hired by external or8anisations and individuals includlng for family parties, wedding celebratlons, training / consultatSon meetlngs. nelghbourhood police taskin8 meetin8s and residents. forumlward committee meetings. In addition, the Church prem15e5 have been used for hostln8 events for local and national charities. The church also acts a5 a polling station for local and national elections. This Is all in addition to the ongolng programme of Church mlnlstrv. With God's help and guidance, the Trustees anticlpate the development of future ministries from the Church Centre and are grateful to the number of Church members who contlnue to work so diligently in the Ilfe and activlty of Monyhull Church. Plans for future period It Is antlcipated that the Church will continue its activitie5 and overall ministry as evidenced in the financial year ending 30 September 2024. The Trustees will revlew any future mlnlstry opportunltles in the light of the Church's strategic aims and objectives.
Financial review The Financial Statements have been prepared on an accruals basis and Include a Ststement of Financlal Actlvities and Balance Sheet. The Trustees continue to review the Church's finances on a regular basls and Church member5 recelve termly financlal updates. Prlncl al Fundin Sources The majority of the Church's income contlnue5 to be recelved via gifts and donations principally from Church member5 and other commltted Christians attending the maln Church meetin85. Where appropriate, tax Is reclaimed underthe HMRC Gift Aid scheme. Restrlcted fund5 Re5trlcted funds are accounted for separately and are rlng-fenced from other funds. Restricted funds are only accepted for projects or activltle5 approved by the Trustees. As noted below, the Trustees do not have speciflc reserves policies for the Church's restrlcted funds. Investment oll & ob ertlves The Church has no long-term Investments. All cash reserves are held in bank accounts, all of which are protected under the Financlal Servlces Compensation Scheme. Grant-makln oll Grant support Is provlded by the Church to a wlde ran8e of Indlvlduals and or8anlsatlons involved In Christian work, both in the Unlted Kingdom and overseas. Grants are consldered by the Trustees and approved by Church members as part of the Church's annual budget-setting process, More urgent 8rant support can be approved, elther by the Trustees or Church members, In Ilne wlth the Church's Internal financial policv. Grant support provided durlng the financial year is outllned In the notes to the Financial Statements. Fund revlew The finances of each fund, for the flnanclal year, are summarlsed as follows: General Fund The General Fund is used for the day-to-day runnlng ofthechurch and StsactlvStles. The Fund can be used to supportother Church funds at the dlscretSon of the Trustees, in line with the Church's Internal flnanclal policy, At the year*nd the General Fund recorded a surplus of £4,180 after transfers to other funds, General Fund reserves at the year- end totalled £89,820, of whlch net current assets stood at £86.781. General Fund Reserves Poll The Church aims to hold a minimum of £65,000 in liquid reserves in the General Fund at any point In time In order to ensure there are sufflclent funds to accommodate irregular periods of income and expendlture and l or budgeted deflclts. An annual budget-setting proce55 together wlth regular financlal reports enable the Trustees to actively monltor and manage General Fund reserves. Global Partners Fund The Global Partners Fund supports individual Christians and organlsatlons worklng in both the UK and overseas. The general principle for the Fund is for all gifts received to be disbursed to approprlate individualslcauses as soon as possible. Consequently, there Is no specific Reserves Policy for thls Fund. Tralnin Fund The Tralnlng Fund support5 Individua15 training for a variety of Christian ministrie5. During the year, two grants were made from the Tralnlng Fund totalllng £1,287. There Is no speclflc Reserves Pollcy for this Fund.
Buildin Fund The Church's freehold premises were acquired in September 2012 and comprise the original Church bulldln& formerly part of Monyhull Hospital, together with Monyhull Green and the adjolnlng land and car parks. In 2013, additlonal premlses were constructed, and these were funded vla the Church's Bulldlng Fund which, in addition to ongoin8 gifts from the Church congregatlon, received grants from Birmingham City Councll and The Fellowship of Evangelical Churches. In order to supplement the Building Fund, the Trustees have also entered into loan agreements with Stewardship SeNices IUKETI Limited and The Fellowship of Evangelical Churches Limited. The Building Fund continues to receive glfts from Church members, and these are used to make the repayments in accordance with the respective loan agreements. All repayments are up to date and. at the flnanclal year end, the loan balances totalled £149,247 (2023: £166,857). Additional giving Into the fund has also been received for the future refurbishment of the original chapel building. The Building Fund operates as a restrlcted fund and. as such, there is no specific Reserves Policy for thls Fund. Fellowshl Fund The Fellowshlp Fund is a discretionary fund admlnlstered by the Trustees to asslst those in situations of hardshlp. Durlng the year three 8rants were made from the fund to indivldual church members totalling £2,428
Statement of Trustees, responsibilities The Trustees are responsible for preparlng an annual report and financial statements in accordance with applicable law and United Kingdom Accountin8 Standards (United Kingdom Generally Accepted Accountin8 Practice). The law applicable to charities in England and Wales requires the Charity Trustees to prepare financial statements each year which give a true and falr view of the state of affair5 of the Charity and of the Incomln8 resource5 and application of resources of the Charity for that perlod. In preparing the financial statements. the Trustees are required to: Select sultable accountlng pollcles and apply them consistentlv; Observe the method5 and princlples in the Charities SORP; Makejudgments and estlmates that are reasonable and prudent; State whether applicable accountln8 Standards have been followed, subject to any material departures disclosed and explained In the financlal 5tatements,' Prepare the financial statements on a goin8 concern basls unless it is Inappropriate to presume that the Charlty wlll continue In operation, The Trustees are re5ponslble for keeping proper accounting records that d15close with reasonable accuracy at any tlme the flnanclal posltlon of the Charlty and to enable them to ensure that the financial Statements comply wlth the Charitles Act 1993, the Charity {Accounts and Reports) Regulations 2008 and the provislons of the governing document. They are also responsible for 53feguardlng the assets of the Charlty and hence taking reasonable steps for the prevention and detection of fraud and other Irregularltles. The Trustees are responslble for the malntenance and Integrlty of the Charlty and flnanclal Informatlon Included on the Charitys website. Leglslatlon 8overnln8 the preparation and disseminatlon of financlal statements may dlffer from le8lslatlon In other jurlsdlctions. Approved by the Trustees on 'zq June 2025 and 51gned on their behalf by: Andy Cole Trustee
C H U RC H CHARITY COMMISSION I Independent examinerfs report on the FOR ENGLAND AND WALES | accounts Section A Independent Examiner's Report Report to the trusteesi members of MONYHULL CHURCH On accounts for the year ended September 2024 Charity no lif anyl 1060100 Set out on pages 9-21 I report to the trustees on my examination of thè accounts of the above charity {Ihe Trust'> for the year ended 3019 12024. Responslbllties and basis of report As the> charity's Irustees, you are responsible for the preparalion of the accounls in accordance with the requireirenls of the Charities Act 2011 ("the Act">. I report in respecl of my examination of the Churches accounts Garried out under section 145 of the 2011 Acl and in carrying Dut my examinaliun, I have follol6d all the applicciblo Directions given by the Charity Commission under scction 145(51(b) ol the Act. Independent The charity's gross income exceeded £250.000 and l am qualrfied to examiner's ststement undertake the examinalion by being a qualified member of Chartered Instilute of Management Accountants I have completed my examination. I confim that no rnaterial matters have come to my attentlon in connection wlth the examination which givès Ine cause to believe that in, any material resped: the accounting records were not kept in accordance wlth section 130 of the Charities Act: or the accounts did not accord wilh the accounting records.. or the accounts did not comply with the 8ppli¢able requirements Conrning the fomi and conlenl of 0cG0unts set oul in Ihe Charities (Accounts and Reports) Régulations 2008 other than any requirement that the accounls give a Irue and fair, vlew which is not a matter considered as parl of an independent examination. I have no concerns and have come acr05s no other matters in connection with the examination to which aitontion should be drawn in this report in Order to enable a proper understanding of the accounts io be reached. Signed: | Namè: Date: Dale Brusby Relevant professional qualification{s) or body ACMA CGMA TER Oct 2018
C H U R C H Monyhull Church Statement of Financial Activities for the year ended 30 September 2024 30 September 2024 30 September 2023 Unrestricted & Desl8nated Note Restrlrted Total Funds Total Funds Income & Endowments from: Donations 170,515 35,518 70,064 13,813 240,S79 49,330 223,739 44,878 Glft Ald tax recoverable Interest Use of premlses Other charltable actlvltles 16,718 16,762 16,718 16,762 17,320 21,720 Total 239,512 83.877 323,389 307,657 Expendlture on: Charltable activitles - Mlnistry - Global Partners Support - Property & Utilitles - Admlnlstratlon/Miscellaneous Depreciation Buildin8 Project Governance costs 159,631 1,849 31,828 18,287 3,720 3,715 46,593 163,346 48,442 31,828 18,347 36,096 11,632 973 167,248 57,542 31,452 13,151 36,780 9,454 1,038 60 32,376 11,632 li 973 Total 216.287 94377 310,664 316,665 Net Income/(expendfture) 23.225 (10.500) 12,725 (9,008) Transfers between funds 16 119,044) 19,1)44 Net movement In funds 4,180 8,544 12.725 19,0081 Recondllatlon of Funds Total Funds brought forward 105,766 1,055,381 1,161,147 1,170,155 Total Funds carrled fonvard 109.946 1,063.925 1,173,871 1,161,147 All income and expenditure relates to contlnuing activitles. Where applicable, the Statement of FinancSal Actlvltles Includes all gains and105ses during the year. The attached note5 on pages 14-21 form part of these flnanclal statements.
C H U R C H Monyhull Church Balance sheet As at 30 September 2024 As at 30 September 2023 Note Flxed Assets Tanglble flxed assets li 1,147,244 1,183,340 Current Assets Debtors & Prepayments Cash at bank and in hand 12 16,581 179,954 196,536 11,716 143,320 155,036 13 Total current assets Llabllftles Creditors fallln8 due wlthln one year Net Cuffent Assets 14 131,743) (21,4531 164,793 133,583 Credltors falllng due after one year Loan accounts 15 (138,166) 1155,7761 Net Assets 1,173,871 1,161,147 Funds Unrestrlcted & Deslgnated fund5 Restricted funds 16, 17 16, 17 109,946 1,063,925 105,766 1,055,381 Total Funds 1,173,871 1,161,147 The attached notes on pages 14-21 form part of these financial statements. Approved by the Trustees on 29 June 2025 and sl8ned on thelr behalf by Andy Cole Trustee Don Morrlson Trustee -io-
C H U R C H Monyhull Church Cash Flow Statement for the year ended 30 September 2024 30 September 2024 30 Septsmber 2023 N•t cash Infiow from operatln8 actlvltles Net incomlng resources Depreclatlon Movement in debtors 12,725 36,096 14,8651 10.290 19,008) 36.780 3,663 (6,0941 Movement in credltors Net Ush Inflow from op•ratkng actlvftles 54.245 25,341 Capltal Expendlture Capital reductlons to term liabllltles (8391 (17,335} (17,6101 Increase (Decreuej In cash 36,635 7,167 The attached notes on pages 14-21 form part of these flnanclal statements. -li-
C H U RC H Monyhull Church Notes to the Flnanclal Statements for the year ended 30 September 2024 l. Accountlng Pollcles (a) Ba5 of preparatlon The Flnancial Statement5 have been prepared in accordance with the requlrements of the Charities Act 2011 and the Church Accounting Regulatlons 2006 together with applicable UK accounting standards and the revlsed Statement of Recommended Prattice: Accounting and Reportlng by Charities ISORPI FRS 102 SORP 2015. The Financlal Statements have been prepared under the hlstorlcal cost convention and Include transactSons, assets and liabilities for whlch the Trustee5 are responsible in law. They do not include the financial statements of Church groups that owe thelr main affiliation to another body or those that are informal gatherings of Church members. (b) Funds structure Unrestrktedfunds comprlse those funds which can be used by the Trustees for any purpose in furtherance of the charltable oblectlves. From tlme to tlme the Trustees may designate funds for a speclfic purpose. Restrlrtedfvnds represent donatlons or grants received for a speclflc purpose and can only be expended on the purpose for which they were 8lven, unless any change Is properly authorlsed by the donor. {c) Incomln8 resources All incomlng resources are recognised once the Church has full legal entltlement, and it is certain the resources wlll be recelved and their monetary value can be measured wlth sufficlent reliabillty. Voluntary Income is received by way of glfts and donatlons and Is Included in full on the Staternent of Flnanclal Actlvities when recelved. Income tax recoverable on Glft Ald donatlons Is recognlsed when the income Is recelved and Is accounted for on an accruals basis. Interest received is accounted for on an accruals basis. Other Intome is recognlsed when recelvable. Idl Resource$ expended All expendlture Is recognlsed on an accruals basis as soon as there is a legal or constructlve obllgation tommitting the Church to the expendlture. It Is accounted for when It15 Incurred and 55 Incluslve of any VAT whlch cannot be recovered. All costs incurred by the Church in the delivery of its activities are allocated between the expenditure categories of the Statement of Financial Activlties on a basis designed to reflect the use of the resource. Costs relating to a particular activity comprlse both costs that can be allocated dlrectly to such activitles and those costs of an indirert nature necessary to 5UPPOrt them. lel Grants and donatlons Grants and donations are accounted for when pald over, or when awarded if that award creates a blnding obllgatlon on the Church. Suth payments are made to third partles In furtherance of the Church's charitable objectives. (n Governante 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. -12-
C H U R C H counting Policies- contlnued 18) Governance costs All tangible fixed assets are used by the Church in fulfS11ing its tharitsble objectives. Tangible fixed assets are capitalised at hlstorlc cost and are stated at cost less accumulated depreciatlon which Is accounted for on a straight line basis over the asset's estimated useful life. The annual depreclatlon rate5 applled are as follows: Freehold land and buildin85 Improvements to land and bulldlngs Flxtures, fittlngs & equipment io% 25% Fixtures, fittlngs and equipment items costing less than £250 are not capitalised, unless part of a group purchase exceeding £250, but are wrltten off to revenue as the expenditurels Incurred. (h) Penslons The church pays total contrlbutlons at the rate of 5% of baslc gross annual salary into an HMRC approved Workplace Penslon Scheme for each ellglble stèff member, or If they have opted out, Into an approved personal penslon scheme. An annually reviewable salary sacrifice scheme Is also made available which entitles employees to sacrlfice a proportlon of their salary In dlrect exchange for addltional pension contrlbutlons. Penslon contrlbutlons are recorded in note 18. 2. Income from oth•r charltable actlvltles 30 September 2024 30 September 2023 Unre5trirted General mlnlstry costs Income to offset Staff expenses Weekend and day events 460 7,902 640 14,317 Chlldren's & Youth mlnlstry Noah's Ark Youth weekend and events 1,699 1,593 2,280 Outreach & Communlty Community Day Men's events Women's events 2,504 906 71 1,416 I,ioi 323 Mlscellqneous Room hire & equipment rental Other items 16,718 540 17,320 Totsl other Income 33A79 39,040 -13-
'Kl ]' C H U RC H 3. Expendlture on Ministry 30 September 2024 30 September 2023 Unrestricted GeneMI mlnlstry costs Stsff salarles and expenses (notes 18 & 191 Speakers fees Weekend and day events Pastoral support Catering Cleaning Fellowship Group resources Licences Tralnln8 115,657 485 7,804 45 3,484 907 308 5,921 2,603 137,213 110,570 430 21,164 126 1,745 4,332 404 3,823 2.040 146,371 Chlldren s & Youth mlnlstry Noah's Ark Growth Groups Me8abytes Sparks Monyhull Youth Youth weekend away Dlsclosure & Barrlng Servlce checks/Chlld Protectlon 1.085 207 504 88 600 5,578 1,266 9,327 1,197 523 256 154 401 5,142 433 8,106 Outreach & Communlty Communlty Day Christmas & Easter events Coffee mornlngs Men'51 Women's events Other outreach events Evan8ellstlc Ilterature and media 6,661 3,373 119 2,008 76 855 13,091 4,969 1,794 140 1,8fKI 309 269 9,281 Restrfcted Tralnlnq TraininE Grant Fellowshlp Flnancial support 1,287 1,590 2,428 1,900 Totsl expendltur• on mlnlstry 163.346 167,248 4. Global Partner Support 30 September 2024 30 September 2023 Restricted Glft5/gmnts to Global Partner orqanlsQtlons OMF IGriffithsl UFM {Gavey) AIM (Bell) Just Caring Midlands Operation Mobilisation Iwheatleyl UCCF (Murkettl Birmlngham Clty Mlsslon 15,486 12,486 10,086 4,200 1,926 300 360 44,843 15,653 12,652 10,253 3,000 3,092 3Crf) 360 45,310 -14-
C H U R C H Personol gifts/grnnts Short-term support Duda support (Poland) 500 1,750 2,250 1,750 1,750 Designatedfvnds- one-off appeols Harvest offering Spearhead Trust- "Real Easter" Ukraine appeal Turkey earthquake appeal 1450 399 459 5,895 3,628 Total expenditure on Global Partner support 48A42 57.542 5. Expendlture on Property & Utllltles 30 September 2024 30 September Z023 Property repairs & malntenance Equipment purchase, maintenance & service Utillties- gas, electrlc, water Buildlngs/Contents/EngSneerlng Insurance Total expendlture on property & utllldes 15,374 6,010 3,677 6,767 31.828 11,413 5,054 9,924 5,061 31,4S2 6. Expendlture on Admlnlstratlon l Mlscellaneous 30 Septemb•r 2024 30 September 2023 Website & advertlsln8 Photocopler rental & servl PA/recordlng Telephone & Internet Stationery & prlnting FIEC, Affinity, Midlands Gospel Partnershlp Sundry expendlture (items less than £250) Bank charges - Unrestrlcted 8ank charges - Restrlcted Health & Safety review Online processlng fees Total expendlture on admlnlstratlonlmlscellaneous Bulldlng fund costs 987 1,266 4,163 54S 2,316 7,704 270 1412) 60 264 1,184 18,347 419 1,674 28 1,031 2,372 5,902 194 216 1,315 13,151 30 September 2024 30 September 2023 Re5trlcted Loan Interest- Stewardship Loan Intere5t- FIEC Total expend6ture on bulldlng projert 11,632 9,394 11,632 8. Governance costs 30 September 2024 30 Septèmber 2023 Unrestricted Trustee indemnlty insurance Independent examination-gift Staff penslon scheme admlnlstration fee Re5trirted Legal Fees Total govemance costs 9. Related party transattions No Trustee had any personal interest in any contract or transattlon entered Into by the Church during the year, 327 250 396 347 250 396 45 1038 973 -1s-
C H U R C H 10. Taxatlon As a Charity, the Church Is exempt from tax on intome and gains falllng within section 505 of the Taxes Act 1988 or Section 256 of the Taxation of Chargeable Galns Act 1992 to the extent that these are applied to its charltable objects. No tax charges have arlsen within the Church. 11. Flxed Assets Flxture5, Flttln85 & Equlpment Land & Bulldlngs Total Cost Balance at 30 Sept 2023 Additions Disposals Balance at 30 Sept 2024 1,458,752 94,042 1,552,794 1,458,752 94.042 1,552,794 Accumuloted depreciotion Balance at 30 Sept 2023 Charge in the year Dlsposals Balance at 30 Sept 2024 282,171 32,376 87,283 3,720 369,454 36,096 314,547 91,003 405,550 Net book value at 30 Sept 2024 1.144.205 3,039 1,147,244 Net Ix>ok value at 30 Sept 2023 1.176.581 6,759 1,183,340 The Land & Building5 values shown above are at historical cost less depreciatlon, and do not necessarily reflect current market value. The Land & Buildln85 comprlse a Freehold Property now known as Monyhull Church, St Francls Drlve, Klngs Norton, Bimilngham. The property was acqulred In 2012 and was the subject of construrtion work on a new annexe In 2013. The Land & Buildlngs are held on trust for the Church by FIEC Llmlted as Holdln8 Trustee, All flxed assets are held for charltable purposes. 12. Debtors & Prepayments 30 September 2024 30 September 2023 Debtor5 Prepayments Income tax recoverable on Glft Aid 5,295 7,655 3,632 16,581 1,167 7,423 3,126 11,716 13. Bank Balances 30 September 2024 30 September 2023 Current Accounts Onllne payment processors 174,753 5,201 179,954 137,126 6,194 143,320 -16-
C H U RC H 14. Credltors- amount$ falllng due wlthln one year 30 September 2024 30 September 2023 Loan accounts - Stewardshlp Accruals Oeferred income 11,082 13,714 6,947 31.743 11,082 7,791 2,580 21.453 IS. Credltors- amounts fallln8 due after one year 30 September 2024 30 September 2023 Loan accounts - Stewardshlp 138.166 138.166 155.776 155.776 The loan from Stewardship Services IUKET} Ltd Is secured by a le8al charge over the Church's land & buildings. 16. Movement of Fund$ Balance blf Recelpts Payments Transfers Balance clf Restrlrted Bulldlng Fund Global Partners Fund Training Fund Fellowshlp Fund Deslgnqted Bulldin8 Fund One-off appeals Unrestrlcted General Fund Totsl funds 1,043,561 51,026 27,609 3,212 2,029 144,0081 146,6531 11,2871 12,4281 1,050,579 19,044 6,878 4,942 8,803 4,543 20,126 20,126 1,849 11,8491 85,640 1.161,147 237,663 323,389 {214,4391 (310,664) 119,0441 89,820 1.173.872 The transfer into the Global Partners Fund represents the amount requlred to balance the Fund at the year-end. 17. Anatysls of Fund$ Fixed Asset5 Net Current Assets Term Llabllltles Total Restrlrted 8ullding Fund Global Partners Fund Trainlng Fund Fellowship Fund 1,144,205 44,540 1138,1661 1,050,579 8,803 4,543 8,803 4,543 Deslgnated Building Fund 20,126 20,126 Unrestrirted General Fund 3,039 86,781 89,820 Total funds 1,147,244 164.793 1138,166 1173.872 -17-
C H U R C H Unrestrlrtedfvnds The General Fund comprises unrestrieted funds which are available for use in the general operatlon of the Church and its activities. Some of these funds may be deslgnated by the church Elders for use by other funds. Restrlrtedfvnds Restricted funds are used for the followin8 specific purposes: Bulldlng Fund The Building Fund was originally establlshed to cover the cost of constructlng additional Church facilities. The Bullding Fund continues to receive gifts and donations whlch are used to repay loans from Stewardshlp seice5 (UKEn Limlted and The Fellowshlp of Independent Evangelical Churches Limited. These loans were raised in 2013 to assist with the construction cost of new Church facllltles. Surpluses in the Fund may be used to make additional repayments on the loans outstanding or contribute to the refurbishment of the Chapel bulldlng. Global Partners Fund The Global Partners Fund supports Indlvldual Chrlstians and organlsatlons worklng In both the UK and overseas. Tralnlng Fund The Trainlng Fund supports Indlvlduals training for Christlan minlstry. Fellowshlp Fund The Fellowship Fund is a discretionary fund admlnistered by the church Elders to asslst In situations of hardship. 18. Staff numbers and emoluments 30 September 2024 30 September 2023 Number of FfE staff Salaries Expenses Penslon contrlbutSons Employer NIC costs ERNICAllowance 93,754 5,825 11,383 4,695 88,718 4,996 12,310 8,824 14.276} 110,572 115.657 At 30 September 2024, the church employed one full-time Pastor, one part-time Pastor, one part-tlme Admlnlstrator and one part-time Caretaker. No employee was paid at a rate In excess of £60,000 per annum. 19, Tntstees, emoluments and relmbursed expenses The elders of the Church {including the Pastors) are all appointed as Trustees. The Church's governlng documents permlt the reasonable remuneratlon of Trustees and asso provlde for the payment to Trustees of reasonable and proper out of pocket expenses Incurred In carrying out their dutles. In addltion to salary and expenses. the church pays contrlbutlons at the rate of 5% of basic 8r055 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 entltles employees to sacrifice a proportlon oftheir salary In dlrert exchange for additlonal pension contrlbutlons. Payments made to Trustees were as follows: Totsl Salary Expenses Penslon Employer NIC Year to 30 September 2024 Andrew Cole Philip Sweeting 39,326 24, 604 63,930 2,596 3,229 5,825 3,247 6,147 9,394 1,325 1.813 3,137 46,493 35,792 82,Z86 Year to 30 September 2023 Andrew Cole Philip Sweeting 37,427 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 85017 -18-
C H U RC H 20. Trustee donations Durlng the year, a88regate donatlons recelved from Trustees and related partles amounted to £57, 80412023: £56,3(M)}. 21. Capltal commitments At the year end, there was no capltal expendlture whlch had been contracted but not provlded for In the flnanclal statements (2023: nil). -19-