REGISTERED CHARITY NUMBER: 1072264
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2024
for
Champions Church
Altus Business Consulting Ltd 88-89 High Street Wordsley Stourbridge West Midlands DY8 5SB
Champions Church
Contents of the Financial Statements for the Year Ended 31 December 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 13 |
| Detailed Statement of Financial Activities | 14 | to | 15 |
Champions Church
for the Year Ended 31 December 2024
Report of the Trustees
The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
A summary of the objectives of the charity set out in the governing documents are as follows:
i. The advancement of the Christian Faith in accordance with the doctrines set out in the governing document and the worship of God by any means whatsoever.
ii. The relief of persons who are in conditions of need, hardship or who are aged or sick.
iii. The advancement of education on the basis of Christian principles.
Significant activities
Champions Church exists primarily to advance the Christian faith by the preaching and teaching of the Bible as Gods word to mankind and as such teaches that each member is to worship God both corporately and individually by any means as an act of devotion to God.
Champions Church promotes that all men are equal before God and as such we are to share with all people in a practical way in order to alleviate hardship and distress without showing favouritism to anyone.
Champions Church provides opportunity to receive education based on Christian principles that will help them become better citizens and the opportunity to become champions for life.
Social investments
The church currently holds two Sunday morning services to worship at 9:30am and 11:30am
The church youth ministry runs on a Friday evening and a further gathering for young adults takes place on a regular basis
Prayer meetings are twice per week for men and women and a further prayer and Communion service takes place one per month
The church has a strong focus on discipleship with monthly mentoring evenings for men and women. In addition a video based Discipleship resource has been created to encourage small groups to meet outside the church setting to encourage and learn from each other.
Other activities include a weekly Soup Kitchen serving 2 course meals to those ion need, Champions Crèche and Champions Kids run alongside the Sunday morning services with over 100 primary school age and below children attending each week
Annual conferences for men and women along with regular events are held.
Volunteers
Well over 200 people volunteer to serve within the church.
Page 1
Champions Church
for the Year Ended 31 December 2024
Report of the Trustees
FINANCIAL REVIEW
Financial position
The trustees are satisfied with the financial position of the charity. There has bee a growth in unrestricted income and costs have remained similar to the previous year. The trustees note an improvement in the financial position of the charity through the year and note that this has continued into the year to December 2025.
Unrestricted reserves are mainly tied up in the building.
The charity has continued to pay down congregational loans and expects to have made full repayment of these by end of 2025. The mortgage for the construction of the main auditorium and the dedicated children's facility has been fully serviced through the year.
Principal funding sources
The funding source of the church is exclusively from donations from the congregation
Investment policy and objectives
The charity currently has no investments
FUTURE PLANS
The church continues to strive towards the building of phase 3 of the building programme. It is hoped to make progress on this during 2026/27.
The church will continue to present the Gospel message in a modern and relevant way.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1072264
Principal address
Cinder Bank Netherton Dudley West Midlands DY2 9BG
Trustees
M Burchell T Jackson G Ika-Oqua
Independent Examiner
Altus Business Consulting Ltd 88-89 High Street Wordsley Stourbridge West Midlands DY8 5SB
Page 2
Champions Church
Report of the Trustees
for the Year Ended 31 December 2024
Approved by order of the board of trustees on 9 March 2026 and signed on its behalf by:
T Jackson - Trustee
Page 3
Independent Examiner's Report to the Trustees of Champions Church
Independent examiner's report to the trustees of Champions Church
I report to the charity trustees on my examination of the accounts of Champions Church (the Trust) for the year ended 31 December 2024.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements 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 fair view which is not a matter considered as part of an independent examination.
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.
Richard Ashmore
Altus Business Consulting Ltd 88-89 High Street Wordsley Stourbridge West Midlands DY8 5SB
9 March 2026
Page 4
Champions Church
Statement of Financial Activities
for the Year Ended 31 December 2024
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Youth & Children Coffee Shop Events Other Building Hire Investment income 2 Total EXPENDITURE ON Charitable activities Youth & Children Coffee Shop Events Other Community Activities Mission Pastoral & Ministry Premises Costs Administration Costs Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 586,639 6,491 20,530 42,816 9,457 3,160 78 669,171 5,440 11,520 37,413 5,129 5,500 20,065 263,592 77,070 164,001 589,730 79,441 1,686,600 1,766,041 |
Restricted fund £ 69,487 - - - - - - 69,487 - - - - - - - 3,091 45,127 48,218 21,269 806,027 827,296 |
31.12.24 Total funds £ 656,126 6,491 20,530 42,816 9,457 3,160 78 738,658 5,440 11,520 37,413 5,129 5,500 20,065 263,592 80,161 209,128 637,948 100,710 2,492,627 2,593,337 |
31.12.23 Total funds £ 691,917 9,210 21,074 37,133 1,405 - 4 |
|---|---|---|---|---|
| 760,743 | ||||
| 20,360 11,176 39,632 1,230 2,272 22,924 278,820 90,025 174,039 |
||||
| 640,478 | ||||
| 120,265 2,372,362 |
||||
| 2,492,627 |
The notes form part of these financial statements
Page 5
Champions Church
Balance Sheet
31 December 2024
| Notes FIXED ASSETS Tangible assets 6 CURRENT ASSETS Stocks 7 Debtors 8 Cash in hand CREDITORS Amounts falling due within one year 9 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 10 NET ASSETS FUNDS 14 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted fund £ 3,702,203 2,315 15,078 18,510 35,903 (110,051) (74,148) 3,628,055 (1,862,014 ) 1,766,041 |
Restricted fund £ 805,503 - - 21,793 21,793 - 21,793 827,296 - 827,296 |
31.12.24 Total funds £ 4,507,706 2,315 15,078 40,303 57,696 (110,051) (52,355) 4,455,351 (1,862,014 ) 2,593,337 1,766,041 827,296 2,593,337 |
31.12.23 Total funds £ 4,502,060 - 7,605 4,836 12,441 (94,934) (82,493) 4,419,567 (1,926,940 ) 2,492,627 1,686,600 806,027 2,492,627 |
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 9 March 2026 and were signed on its behalf by:
T Jackson - Trustee
The notes form part of these financial statements
Page 6
Champions Church
Notes to the Financial Statements for the Year Ended 31 December 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
- Fixtures and fittings - 25% on reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
Page 7
Champions Church
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
2. INVESTMENT INCOME
| 2. | INVESTMENT INCOME | ||
|---|---|---|---|
| 31.12.24 | 31.12.23 | ||
| £ | £ | ||
| Interest receivable - trading | 78 | 4 | |
| 3. | TRUSTEES' REMUNERATION AND BENEFITS | ||
| 31.12.24 | 31.12.23 | ||
| £ | £ | ||
| Trustees' salaries | 52,680 | 55,690 | |
| Trustees' social security | 6,016 | 6,430 | |
| Trustees' pension contributions to defined benefit schemes | 1,321 | 1,321 | |
| 60,017 | 63,441 |
Mr Mark Burchell receives a salary in his role as Senior Pastor and not for his role as a trustee.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.
Travel expenses of £1,617 (2023 £1,534) were paid to one trustee during the year.
4. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Pastoral & Ministry No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 538,716 Charitable activities Youth & Children 9,210 Coffee Shop 21,074 Events 37,133 Other 1,405 Investment income 4 Total 607,542 |
31.12.24 7 Restricted fund £ 153,201 - - - - - 153,201 |
31.12.23 7 Total funds £ 691,917 9,210 21,074 37,133 1,405 4 |
31.12.23 7 Total funds £ 691,917 9,210 21,074 37,133 1,405 4 |
|---|---|---|---|
| 760,743 |
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
EXPENDITURE ON
continued...
Page 8
Champions Church
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
| 5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted fund fund £ £ Charitable activities Youth & Children 20,360 - Coffee Shop 11,176 - Events 39,632 - Other 1,230 - Community Activities 2,272 - Mission 22,924 - Pastoral & Ministry 278,820 - Premises Costs 90,025 - Administration Costs 174,039 - Total 640,478 - NET INCOME/(EXPENDITURE) (32,936) 153,201 RECONCILIATION OF FUNDS Total funds brought forward 1,719,536 652,826 TOTAL FUNDS CARRIED FORWARD 1,686,600 806,027 6. TANGIBLE FIXED ASSETS Fixtures Freehold and Motor property fittings vehicles £ £ £ COST At 1 January 2024 4,439,330 308,787 18,575 Additions 941 25,787 - Disposals - - (18,575) At 31 December 2024 4,440,271 334,574 - DEPRECIATION At 1 January 2024 - 246,057 18,575 Charge for year - 21,082 - Eliminated on disposal - - (18,575) At 31 December 2024 - 267,139 - NET BOOK VALUE At 31 December 2024 4,440,271 67,435 - At 31 December 2023 4,439,330 62,730 - |
Total funds £ 20,360 11,176 39,632 1,230 2,272 22,924 278,820 90,025 174,039 |
|
|---|---|---|
| 640,478 | ||
| 120,265 2,372,362 |
||
| 2,492,627 | ||
| Totals £ 4,766,692 26,728 (18,575) 4,774,845 264,632 21,082 (18,575) 267,139 4,507,706 4,502,060 |
||
continued...
Page 9
Champions Church
| Notes to the Financial Statements-continued for the Year Ended 31 December 2024 7. STOCKS Finished goods 8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Prepayments 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loans and overdrafts (see note 11) Finance leases (see note 12) Taxation and social security Other creditors 10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Bank loans (see note 11) Other creditors 11. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Bank loans Other loans Amounts falling between one and two years: Bank loans - 1-2 years Other loans - 1-2 years Amounts falling due between two and five years: Bank loans - 2-5 years |
31.12.24 £ 2,315 31.12.24 £ 15,078 31.12.24 £ 47,995 - 40,366 21,690 110,051 31.12.24 £ 1,810,014 52,000 1,862,014 31.12.24 £ 47,995 20,100 68,095 95,988 52,000 147,988 143,982 |
31.12.23 £ - 31.12.23 £ 7,605 31.12.23 £ 43,056 12,082 33,796 6,000 94,934 31.12.23 £ 1,853,501 73,439 |
31.12.23 £ - 31.12.23 £ 7,605 31.12.23 £ 43,056 12,082 33,796 6,000 |
|---|---|---|---|
| 94,934 | |||
| 1,926,940 | |||
| 31.12.23 £ 43,056 6,000 |
|||
| 49,056 | |||
| 86,114 73,439 |
|||
| 159,553 | |||
| 129,180 |
continued...
Page 10
Champions Church
| Notes to the Financial Statements-continued | Notes to the Financial Statements-continued | |||
|---|---|---|---|---|
| for the | Year Ended 31 December 2024 | |||
| 11. | LOANS - continued | |||
| 31.12.24 | 31.12.23 | |||
| £ | £ | |||
| Amounts falling due in more than five years: | ||||
| Repayable by instalments: | ||||
| Bank loans more 5 yr by instal | 1,570,044 | 1,638,207 | ||
| 12. | LEASING AGREEMENTS | |||
| Minimum lease payments under finance leases fall due as follows: | ||||
| Finance | leases | |||
| 31.12.24 | 31.12.23 | |||
| £ | £ | |||
| Net obligations repayable: | ||||
| Within one year | - | 12,082 | ||
| 13. | SECURED DEBTS | |||
| The following secured debts are included within creditors: | ||||
| 31.12.24 | 31.12.23 | |||
| £ | £ | |||
| Bank loans | 1,858,009 | 1,896,557 | ||
| The mortgage is secured by a charge on the freehold property in favour | of Triodos Bank | |||
| 14. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.1.24 | in funds | 31.12.24 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 1,686,600 | 79,441 | 1,766,041 | |
| Restricted funds | ||||
| Building Fund | 806,027 | 21,269 | 827,296 | |
| TOTAL FUNDS | 2,492,627 | 100,710 | 2,593,337 |
continued...
Page 11
Champions Church
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
14. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 669,171 Restricted funds Building Fund 69,487 TOTAL FUNDS 738,658 Comparatives for movement in funds At 1.1.23 £ Unrestricted funds General fund 1,719,536 Restricted funds Building Fund 652,826 TOTAL FUNDS 2,372,362 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 607,542 Restricted funds Building Fund 153,201 TOTAL FUNDS 760,743 |
Resources expended £ (589,730) (48,218) (637,948) Net movement in funds £ (32,936) 153,201 120,265 Resources expended £ (640,478) - (640,478) |
Movement in funds £ 79,441 21,269 100,710 At 31.12.23 £ 1,686,600 806,027 2,492,627 Movement in funds £ (32,936) 153,201 120,265 |
|
|---|---|---|---|
continued...
Page 12
Champions Church
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
14. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Building Fund TOTAL FUNDS |
At 1.1.23 £ 1,719,536 652,826 2,372,362 |
Net movement in funds £ 46,505 174,470 220,975 |
At 31.12.24 £ 1,766,041 827,296 |
|---|---|---|---|
| 2,593,337 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 1,276,713 | (1,230,208 ) | 46,505 |
| Restricted funds | |||
| Building Fund | 222,688 | (48,218) | 174,470 |
| TOTAL FUNDS | 1,499,401 | (1,278,426 ) | 220,975 |
15. RELATED PARTY DISCLOSURES
Mrs Gillian Burchell receives a salary in her role as Senior Pastor she is the spouse of Trustee Mr Mark Burchell
Mr Caleb Burchell receives a salary in his role as Youth Pastor he is the son of Trustee Mr mark Burchell
Page 13
Champions Church
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 31 December 2024 | ||
| 31.12.24 | 31.12.23 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 582,859 | 612,519 |
| Gift aid | 73,267 | 79,398 |
| 656,126 | 691,917 | |
| Investment income | ||
| Interest receivable - trading | 78 | 4 |
| Charitable activities | ||
| Youth & Kidz | 6,491 | 9,210 |
| Coffee Shop | 20,530 | 21,074 |
| Events | 42,816 | 37,133 |
| Other | 9,457 | 1,405 |
| Building Hire | 3,160 | - |
| 82,454 | 68,822 | |
| Total incoming resources | 738,658 | 760,743 |
| EXPENDITURE | ||
| Charitable activities | ||
| Trustees' salaries | 52,680 | 55,690 |
| Trustees' social security | 6,016 | 6,430 |
| Trustees' pension contributions | 1,321 | 1,321 |
| Wages | 153,216 | 156,858 |
| Social security | 13,774 | 8,565 |
| Pensions | 6,386 | 1,655 |
| Rates and water | 3,126 | 4,398 |
| Insurance | 13,165 | 15,108 |
| Light and heat | 33,880 | 29,115 |
| Postage and stationery | 19,174 | 20,888 |
| Advertising | 1,338 | 1,224 |
| Youth & Kidz | 5,440 | 20,360 |
| Coffee Shop | 11,520 | 11,176 |
| Events | 37,413 | 39,632 |
| Community Activities | 5,500 | 2,272 |
| Other | 5,129 | 1,230 |
| Mission & gifts | 20,065 | 22,924 |
| Service Costs | 17,191 | 16,601 |
| Equipment Hire | 13,008 | 14,688 |
| Carried forward | 419,342 | 430,135 |
This page does not form part of the statutory financial statements
Page 14
Champions Church
Detailed Statement of Financial Activities for the Year Ended 31 December 2024
| Detailed Statement of Financial Activities for the Year Ended 31 December 2024 |
||
|---|---|---|
| 31.12.24 | 31.12.23 | |
| £ | £ | |
| Charitable activities | ||
| Brought forward | 419,342 | 430,135 |
| Rent | 6,130 | 4,857 |
| Repairs & Maintenance | 23,860 | 18,605 |
| Motor & Travel | 22,984 | 31,700 |
| Professional Fees | 2,642 | 3,254 |
| 474,958 | 488,551 | |
| Support costs | ||
| Finance | ||
| Bank charges | 1,314 | 1,695 |
| Other | ||
| Depreciation of tangible fixed assets | 21,082 | 21,591 |
| Governance costs | ||
| Mortgage | 140,594 | 128,641 |
| Total resources expended | 637,948 | 640,478 |
| Net income | 100,710 | 120,265 |
This page does not form part of the statutory financial statements
Page 15