**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:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. 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