Christian Church Report and Financial Statements st For the year ended 31 March 2025 Registered Charity number: 1072823 Working Week Limited 2 West End Barlestone Waickshire CV13 OEJ
Elohim Christian Church Report and Financial Ststsments For the year ended 31$t March 2025 Contents Page Report of the Trustees Report of the Independent Examiner Statement of Financial Activities Balance Sheet Notes to the Financial Ststements 7-10
Elohim Chrlstlan Church Report of the Trustees For the year ended 31" March 2025 The Trustees present their report together with the financial statements of the charity for the year ended 31. March 2025 Organisatlonal structure Elohim Christian Church is constituted by a Declaration of Trust dated 22 August 1998 and is a registered charity, No. 1072823. Elohim Christian Church is a church which is affiliated to Kingdom Faith Church. Governance and Management The trustees are appointed by the church leadership team to oversee the work of the church. The trustees meet on a bi monthly basis and are supported by the pastor who is responsible for leading the pastoral work of the church. the employed staff and volunteers. The trustee body aims to have a broad range of skills represented, in particular Christian doctrine, finance and working with charities. Objectives and activities Our primary aim and objective is to live by faith, to honour God and others, to live generously and to serve gladlyl These aims and objectives are lived and outsvorked with a view to fulfilling and advancing the call of the church to make Jesus known and lead people into a growing relationship with Him. Clearly, as a church our gathering together to worship God, being strengthened by the preaching of the Bible. encouraging one another, and making way for those wishing to explore faith is of the utmost importance to us. In addition to our gathering together for Sunday seDiices, these elements are also implemented through a number of groups and ministries. to mention them all would cause this report to be longer than intended, so these are a few of the activities that take place.. Lunch Club provides a much loved and needed Servi to the elderly and less mobile in our community. The Hub Cafe offers a place for all ages to meet and enjoy drinks, snacks and light meals, along with toys for toddlers. Identified Youth Ministry continues to offer an excellent standard of youth work across our area. The training and releasing of young leaders is a hallmark of the work. Just for Kids children's ministry offers a number of exciting opportunities to primary aged children, such as holiday clubs, and special events to ensure children have a fantastic time learning about how special they are to God, and that- with God's help - they can make a real difference in their world, despite being youngl Overseas mission through Walk a Mile in Myshoes continues to support orphans in Uganda and the church plant in Kokkoa and children's work in Masindi. The Storehouse (Food Pantry) established to support families in the area who struggle to feed their families due to the cost of living crisis. Achievements and Performance Provided food for children during summer, Christmas and Easter holidays who would normally have reiVed free school meals. 66 families supported during the summer, 66 families supported at Chflstmas and 66 families supported at Easter. Food Pantry set up to supply emergency food parcels as and when needed to people referred to us by local authority officers and other charities. During the year 37 families were supported with emergency food hampers. Grants were received from Leicestershire County Council, Hinckley and Bosworth Borough Council and Sevem Trent Community Fund totallin9 £23,395. A Household Support Fund grant from Leicestershire County Council was used to purchase food for our food hamper scheme. Warm welcome scheme provided for local residents who are adversely affected by the cost of living crisis, by providing a warm room and hot drinks and snacks.
Elohim Christian Church Report of the Trustees sl For the year ended 31 March 2025 The trustees confirm that they have paid due regard to Charity Commission guidance on public benefit in deciding what activities to undertake. Flnanclal revlew The net income for the year amounted to £11,071 (2024: net income £923). The net book value of fixed assets less the outstanding mortgage is shown in a fixed assets fund. in order to better represent the reseNes breakdown. At 31st March 2025 the unrestricted funds carried forward £300,531 (2024.. £235,335). The net income from restricted fvnds was £8,366 (2024: £34,776). The balance on restricted funds after transfers amounts to £54,054 (2024: £66,545). Volunteers make a huge contribution to the work of the charity and their work is much appreciated. Reserves policy The policy agreed by the trustees is to aim to hold in unrestricted reserves not committed or invested in tangible fixed assets (the 'free' reserves) sufficient to cover the general overhead expenses and salary costs not specifically funded by external agencies, of £4,800. At this level, the trustees feel that they would be able to continue the current activities of the charity in the event of a significant drop in funding. It would then be necessary to consider how the funding would be replaced or activities changed. The amount of 'free' reserves at 31st March 2025 amounts to £46,877 and is equivalent to approximately 9.8 months overhead expenditure not specifically funded and excluding dep¢18110n. Analysis of net assets among funds are disclosed in note 12 of the financial statements. Future developments Continue to build upon community based initiatives started during the pandemic and the cost of living Crisis. To continue growing the Church. Continue accelerated mortgage repayments to reduce the mortgage term as quickly as possible To further develop Closer links with local authorities in our area to meet the needs of rural communities. Trustees The trustees holding office during the whole year unless otheiSe ststed were as follows.. Pastor Faye Clarke Keith Flude Angus Mears Jamie Jordan Victoria Stoddart
Elohim Christian Church Report of the Trustees For the year ended 31$t March 2025 Trustees, responsibilities in relation to the financial statements Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year. In preparing those financial statements. the trustees are required to.. select suitable accounting policies and then apply them consistently- make judgments and estimates that are reasonable and prudent., state whether applicable accounting standards and ststements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements" and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are 81s0 responsible for safeguarding the assets of the charity and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the trustees on 2 2D?S and signed on their behalf by IL/( Angus. ears Chair of the Trustees
Independent Examlner's Roport to tho Tru•teos of Elohlm Chrlstian Church I report on the accounts of Elohim Chrtst5an Church for the year ended 31•1 March 2025, which comprise the Statennt of financlal advltles, the balance sheet and the related notes. Respectlve rospon8lbllltl06 of trusto88 and ¢xamlnor The charity's trustees are responsible for the preparation of the accounts. The charity's trustee8 consider that an audit is not required ft)r this year urKler section 144 of the Charilies Acl 2011 (the Charlties Act) and thal an independent examination is needed. It is my responsibility to: examine the accounts under sectlon 145 of the Charities Art to follow the procedures laid down In the general Dlrections given by the Charity Commission (under section 145(5) (b) of the Charities Act). and to state whether particular matters have come to myattention. 819 of Independent examln8V8 report My examination was carried out In accordance with the General Directions given by the Charity Comrnission. An examination indudes a review of the accounting records kept by the chartty and a comparison of the accounts presented with those records. It also Includes consSderation of any unusual items or dlsclosures In the a¢unts, and seekin9 explanations from you as trustees conceming any such matters. The prOdU$ undertaken do not provide all the evldence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and faiff view and the report is limited to those matters set out in the ststement below. Indepondont axamingr's 8tat•ment In connection with my examination, no matter has come to my attentlon.. 1. which glves me reasonable cause to believe Ihat In any matsAal respect the requirements to keep accounting records in accordance wrth sectlon 130 of the 2011 Act; and to prepare accounts which accord wtth the accounting records and to comply with the accounting requirements of th8 Charftles Act have not been met., or 2. to whlch, In my oplnion, attentlon should be drawn in orderto enable a proper understanding of the financial statements to be reached. Working Week Llmtted 2 West End Barlestone Warwickshire CV13 OEJ
Elohim Christian Church Statement of Financial Activities For the year ended 31" March 2025 Notes Unrestricted Funds 2025 Restricted Funds 2025 Total 2025 Total 2024 Income Donations Income frorn charitable activities Investment income 112,287 7,082 2.967 9,237 121,524 7,082 2,967 140,562 8,591 3,674 Totsl Income 122 336 131573 152,827 Expenditure Expendlture on Charltable Actlvltles Advancement of Christianity Community Outreach and Activities Support Costs Govemance Costs 70,734 5,454 34,717 360 871 71,605 5,454 34,717 360 76,213 5,509 35,109 300 4b 4c Totsl Expenditure 111.265 871 112136 117.131 Net Incomel(Expenditure) 11,071 8,366 19,437 35,699 Transfers between funds 677 677 Net movement in funds 10,394 9,043 19,437 35,699 Totsl Funds Brought Fomard 290 137 335.148 299 449 Total Funds Carrled Forward 335.148 Movements on all reserves and all recognised gains and losses are shown above. All of the organization's operations are classed as continuing. The notes form part of these financial statements
Elohim Christian Church Balance Sheet 3111t March 2025 2025 2024 Note Fixed assets Tangible assets 305,441 298,502 Current assets Debtors Cash at bank and in hand 2.754 102,098 104,852 3,929 96,596 100,525 Creditors: amounts falling due within one year 10 5,071 4,312 Net current assets 99,781 96,213 Total assets less current liabilities 405.222 394,715 Creditors: amounts falling due after more than one year 11 50,637 59,568 Net Assets 354,585 335,417 Funds Unrestricted and Designated Restricted 12a 12b 300,531 54,054 268,603 66,544 354,585 335,147 Approved by the Trustees on 2ffa2£ and signed on their behalf by Angus Chair of the Trustees The notes fomi part of these financial statements
Elohim Christian Church Notes to the Financial Statements For the year ended 31$t March 2025 1. Accounting Policies The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities published on 16 July 2014 and the Financial Reporting Standard for Smaller Entities (effective April 2015}. a) Accounting convention The financial statements are prepared under the historical cost convention. and on a going concern basis. b) Income recognition Income is recognised in the period to which it relates. c) Expenditure Expenditure is accounted for as it becomes due and has been allocated to activities on a basis consistent with the use of resources. d) Tangible fixed assets Tangible fixed assets are ststed in the balance sheet at their acquisition cost less accumulated depreciation. Depreciation is provided on all tangible fixed assets, to write off the cost less estimated residual value of each asset over its expected useful life as follows.. Freehold land and buildings Furniture 20/0 on cost el Taxation The activities of the charity are exempt from taxation on the net incoming reSoUs. fj Pension costs The charity operates a defined contribution pension scheme. Contributions payable for the year a charged to the Statement of Financial Activities in the period to which they relate. g) Funds Unrestricted funds are available to be used for purposes within the objects of the charity at the discretion of the trustees. Restricted funds can only be used for specific restricted purposes within the objects of the charity. The restrictions are specified by the donor or when funds are raised for particular restricted purposes. 2. Donations Unrestricted Restrictsd 2025 2025 Total 2025 Total 2024 General Church offerings Gift aid donations and gift aid recovered Other grants, donations and sponsorship 23,313 69,141 19,833 2,011 3,396 3,830 25,324 72,537 23,663 11,182 73,808 55,572 112,287 9,237 121,$24 80,508
Elohim Christian Church Notes to the Financial Statements (continued) For the year ended 31" March 2025 Unrestricted Restricted Funds Funds 2025 2025 Totsl Funds 2025 Total Funds 2024 Income from the charitable actlvlties: Just 4 kids Food sales 659 6.423 7,082 659 6,423 7.082 886 7,706 8,592 Unrestricted Restricted Funds Funds 2025 2025 Total Funds 2025 Total Funds 2024 Charitable activities a) Advancement of Christianity Ministry Gifts Tithe Missions and evangelism 43,380 2,530 9,610 15,214 70,734 43.380 2,530 9,610 16,085 71,605 36,312 4.167 8.416 27.318 76,213 871 871 b) Community outreach and activities Youth and children's work Adult Outreach Hub Cafe Just 4 kids ID Youth Afternoon Tea Lite Bite Lunch 1,118 373 1,910 679 263 1,118 373 1,910 679 263 223 405 2,433 698 447 374 929 5,509 1,111 5,454 1,111 5.454 c) Support costs Building overheads Depreciation Mortgage interest Administration 10,816 10,634 4,175 9,092 10,816 10,634 4,175 9,092 13,322 9,131 4,713 7,940 34,717 34,717 35,106 d} Governance Costs Independent Examination 360 360 300 360 360 300 Net Income The net incoming resour$ are stated after charging.. Independent Examiners Fees Depreciation 2025 2024 360 300 10,634 9,131
Elohim Christian Church Notes to the Financial Statements (continued) For the year ended 311t March 2025 Staff costs 2025 2024 Wages 8nd salaries Pension costs 39,098 861 39,959 40,854 947 41,801 The average full time equivalent number of employees was as follows: 2025 0.85 2024 0.85 Ministry Administration and support Transactions with trustees and related parties F. Clarke, trustee, was paid a salary of £36,499 (2024.. £31,560) and pension contributions were made of £861 (2024: £947) Expenses amounting to £3,03912024: £2,299) were reimbursed to trustees during the year. Tangible fixed assets Freehold Property Furniture Total Cosl At 1st April 2024 Additions Disposals At 31st March 2025 376,485 11,748 42,275 5,825 418.760 17,573 388,233 48,100 436,333 Depreciation At 1st April 2024 Charge for year Released on disposals At 31st March 2025 84,191 7,647 36,067 2,987 120,258 10,634 91,838 39,054 130,892 Net book value At 31st March 2025 At 1 st April 2024 296,395 292,294 305,441 275.237 6,208 Debtors 2025 2024 Debtors Prepayments 2.108 646 3,484 445 2,754 3.929 10. Creditors: amounts falling due within oneyear 2025 2024 Creditors Accrued expenses 2,410 2,661 690 3,622 5,071 4,312
Elohim Christian Church Notes to the Financial Statements (continued For the year ended 318t March 2025 11. Creditors: amounts falling due after more than oneyear 2025 2024 Mortgage Less: amounts falling due within one year 55,096 14,459) 61,541 (6,445) 50,637 55,096 The mortgage is due to Kingdom Bank Ltd and is secured on Elohim Christian4,460 Church. Newbold Road, Barlestone, Nuneaton. The mortgage tem is 30 years and matures in 2039. Monthly repayments of £492 are being paid at an interest rate of 7.OOQ/o. 12. Analysis of net assets among funds Unrestricted Funds Restricted Funds Total Funds Tangible Fixed A&sets Cash at bank Other current assets Current liabilities Creditors of more than one year 305,441 46,877 2,699 (3,848) (50,637) 300,532 305,441 102,098 2,754 (5,071) (50,637) 354,585 55,221 55 (1,223) 54,053 10