# **ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025**
**WALSALL COMMUNITY CHURCH (A COMPANY LIMITED BY GUARANTEE)**
**REGISTERED CHARITY No. 1076491**
**REGISTERED COMPANY No: 03769753**
Castle View Accounting Ltd Ground Floor Offices
53 High Street Arundel West Sussex BN18 9AJ
## **WALSALL COMMUNITY CHURCH**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **CONTENTS**
|Page 3|Legal and Administrative Information|
|---|---|
|Page 4 to 6|Report of the Directors'|
|Page 7|Statement of Financial Activities|
|Page 8|Balance Sheet|
|Pages 9 to 18|Notes to the Financial Statements|
|Page 19|Independent Examiner's Report|
2
## **WALSALL COMMUNITY CHURCH**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**CHARITY REGISTRATION NUMBER** 1076491 **COMPANY REGISTRATION NUMBER** 03769753 **DATE OF INCORPORATION** 13th May 1999 **START OF FINANCIAL YEAR** 1st April 2024 **END OF FINANCIAL YEAR** 31st March 2025 **DIRECTORS AT 31ST MARCH 2025** S.M Kirk G. Boot T. Summersby M. Heaton S. Fonka S.L Kirk (Appointed 4th December 2024) K. Dean (Appointed 4th December 2024)
Appointment of the Trustees is made in accordance with paragraphs 30 to 37 of the Articles of Association. The Trustees are also Directors for the purpose of the Companies Act.
**GOVERNING DOCUMENT** Memorandum and Articles of Association Incorporated 13th May 1999. **LEGAL STATUS** A Company Limited By Guarantee **OBJECTS** To advance the Christian Faith in accordance with the Statements of Belief. **CORRESPONDENT ADDRESS** 33 Lower Hall Lane Walsall West Midlands WS1 1RR **PRIMARY BANKERS** Lloyds Bank Plc The Bridge Walsall WS1 1LQ **INDEPENDENT EXAMINERS** Castle View Accounting Ltd Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ
3
## **WALSALL COMMUNITY CHURCH**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **REPORT OF THE DIRECTORS' FOR THE YEAR ENDED 31ST MARCH 2025**
The Company is a Charity having overall objectives to:-
- a) advance the Christian faith.
- b) relieve persons in hardship.
- c) advance education in accordance with Christian principles.
- d) provide facilities for recreation.
- e) give help and advice on welfare benefits and personal debt management.
- f) relieve persons who are experiencing mental or emotional suffering.
- g) promote and fulfil other charitable purposes beneficial to the community.
## **ACTIVITIES**
As a community church we endeavour to be in the community, for the community. Our mission is to fulfil the commission given to us by Jesus Christ in being the Gospel (good news) by word and by our actions.
Regular meetings and gatherings take place on Sundays and throughout the week, providing opportunities for worship, teaching, and community. Our congregations continue to be made up of people from diverse backgrounds and cultures.
Small groups meeting in local areas remain the foundation for church stability, discipleship, and growth. We continue to run a vibrant children’s and youth programme and encourage participation from families across our different congregations.
## **ACHIEVEMENTS THROUGHOUT THE YEAR**
## **Congregations and Local Gatherings**
The **Goldmine congregation** continues to meet in Walsall town centre, becoming increasingly racially diverse and able to position itself for community action.
The **Coalpool congregation** , meeting at **St Peter’s Church Hall** , continues to thrive and remains the main user of the hall for Sunday gatherings and other community events. Attendance remains strong, with the space often reaching capacity.
## **Buildings and Properties**
This has been a significant year of development in our property portfolio, reflecting a long-term vision to use buildings for mission, stability, and community benefit.
## **33 Lower Hall Lane**
We have completed the **purchase of the freehold** of 33 Lower Hall Lane. Engagement from the **Vine Trust** has been productive, including exploring supplier relationships and acting as their agent in engaging tenants to ensure short-term revenue following purchase. A full **Preventative Maintenance Survey Report** has been completed, confirming no unexpected costs.
## **Midland Road Chapel**
The building continues to be let under a new **three-year Full Repairing and Insuring lease** —meaning the tenant is responsible for all maintenance and running costs. Rent is being paid consistently under the new arrangement, with only the landlord’s building insurance remaining our liability.
## **Crescent Chapel**
We have agreed a **sale of the freehold** to another church with similar charitable objectives. They have begun using the building and are funding their own repairs, with completion of the sale expected soon.
## **St Peter’s Hall**
Coalpool remains the main user of the building, which continues to host both Sunday services and community events such as ladies’ days and family gatherings.
## **Building Fund**
Trustees agreed to establish a **dedicated Building Fund** in the new financial system to manage these assets sustainably and support ongoing maintenance and development.
4
## **WALSALL COMMUNITY CHURCH**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **REPORT OF THE DIRECTORS' (Continued) FOR THE YEAR ENDED 31ST MARCH 2025**
## **Ministries and Mission**
Our **Walsall Money Advice Project (WMAP)** continues to provide crucial support during the ongoing cost-of-living crisis, working closely with **WATMOS Community Homes** and other referral partners. We also remain actively involved in supporting the **Black Country Food Bank** , including through operational assistance and distribution.
The **Pakistan Ministry** has continued to develop, with plans to produce a written report and share updates from **our spring visit** , helping to engage and envision the wider church.
We continue to support **Trans4m International** , partnering in international mission and community projects, and have made specific contributions toward their work in **Pakistan and Nepal.**
## **Safeguarding**
Safeguarding remains a key priority. The trustees have adopted the **31:8 safeguarding policy template** and are reviewing implementation across all ministries. Online safeguarding training options are being explored for all staff and volunteers. DBS checks have been expanded to include a wider range of key roles, and safeguarding remains regularly reviewed and profiled within congregational life.
## **People and Leadership**
Staff development continues to be an important focus. All employed staff now have **six-monthly touchpoints** with the Senior Leader for support and development. New staff members **for administration and communication** have settled well into their roles, with additional hours provided over busier periods.
We also welcomed **two new Trustees** this year, strengthening the governance and leadership team.
## **Community and Outreach Projects**
The **Table Café** has had another positive year, although continues to be dependent on uncertain external grants. Although operating independently as a Community Interest Company, it continues to serve as an important point of connection between the church and the local community, fostering conversation, faith, and hospitality.
We also continue to maintain a partnership role as **corporate owner of Street Teams** , supporting their vital work with vulnerable individuals and families during a time of leadership transition.
## **PUBLIC BENEFIT**
The main activities undertaken by the charity further the charity’s purpose for the public benefit. The trustees have had regard for guidance on public benefit.
## **VOLUNTEERS**
WCC is grateful to all individuals within the church who have given their time and used their talents to bring the Kingdom of God on Earth!
## **FINANCIAL REVIEW**
## **Financial Position**
WCC is grateful to individuals contributing by tithes and offerings Thanks, also, to organisations which have contributed.
Total funds brought forward from the previous year were at a healthy level, establishing a strong basis to support the work of the charity. Regular giving income (tithes, offerings, special offering) shows a 18% increase over last year’s giving. The expansion of the property portfolio comes with liabilities but there are also healthy revenue streams from their
“My God will meet all your needs according to his glorious riches in Christ Jesus” (Philippians 4v19)
## **Reserves Policy**
The Charity held total reserves of £653,758 (2023/24:£826,842) as at 31st March 2025. The unrestricted reserves were £365.849 (2023/24:£598,597) and restricted reserves held were £287,909 (2023/24:£228,245).
5
WALSALL COMMUNITY CHURCH
(A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE DIRECTORS' (Continued)
FOR THE YEAR ENDED 31ST MARCH 2025
STATEMENT OF DIRECTORS' RESPONSIBILITIES
The Charities Act and the Companies Act require the Board of Trustees to prepare financial statements for each financial
year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the
surplus or deficit of the charity. In preparing those financial statements the Board is required to :-
a)
Select suitable accounting policies and then apply them consistently;
b)
c)
Make judgements and estimates that are reasonable and prudent;
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that
the charity will continue in business;
d)
State whether applicable accounting standards and statements of recommended practice have been
followed subject to any material departures disclosed and explained in the financial statements.
The Directors are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy
at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and
enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations
made under the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
The Directors are also responsible for the contents of the Directors' report, and the responsibility of the independent
examiner in relation to the Directors' report is limited to examining the report and ensuring that on the face of the report,
there are no inconsistencies with the figures disclosed in the financial statements.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small
companies regime.
I approve the attached statement of financial activities and balance sheet for the year ended 31st March 2025 and confirm
that I have made available all information necessary for its preparation.
Approved by the Directors on the ...
16/12/2025
Signed on their behalf by Director..
INTA
Printed Name:
Tim Summersby
## **WALSALL COMMUNITY CHURCH**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2025**
## **(Incorporating Income & Expenditure Account)**
|**Notes**
**INCOMING RESOURCES**
**Income Resources from Generated Funds**
Donations & Legacies
**3a**
Charitable Activities
**3b**
Activities for Generating Funds
**3c**
Investment Income
**3d**
Other Incoming Resources
**3e**
**TOTAL INCOMING RESOURCES**
**RESOURCES EXPENDED**
**Cost of Generating Funds**
Cost of Charitable Activities
**4a**
Governance Costs
**4b**
**TOTAL RESOURCES USED**
**NET INCOMING/(OUTGOING) RESOURCES**
Balance Brought Forward
Gains/(Losses) on Disposal of Fixed Assets
Transfers Between Funds
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted Designated Restricted
**TOTAL**
**TOTAL**
Funds
Funds
Funds
**2024/25**
**2023/24**
£
£
£
£
£
173,231
27,933
53,370
254,534
193,705
44,957
15,982
-
60,939
47,142
-
16,382
10,980
27,362
12,680
1,510
-
-
1,510
158
3,784
-
-
3,784
25,471
**223,482**
**60,297**
**64,350**
**348,129**
**279,156**
177,213
121,189
4,686
303,088
267,307
2,948
3,512
-
6,459
1,161
**180,160**
**124,701**
**4,686**
**309,548**
**268,468**
**43,322**
**(64,404)**
**59,664**
**38,581**
**10,688**
293,553
305,044
228,245
826,842
816,154
(156,665)
(55,000)
-
(211,665)
-
(57,153)
57,153
-
-
-
**123,057**
**242,793**
**287,909**
**653,758**
**826,842**|
|---|---|
Movements on all reserves and all recognised gains and losses are shown above. All of the charity's operations are classed as continuing.
The notes on pages 9 to 18 form part of these financial statements.
7
WALSALL COMMUNITY CHURCH
(A COMPANY LIMITED BY GUARANTEE)
BALANCE SHEET
AS AT 31ST MARCH 2025
Unrestricted Restricted
Funds
Funds
Notes
TOTAL
TOTAL
31-Mar-25
31-Mar-24
€
Fixed Assets
Tangible Assets
2
220,115
225,000
445.115
668,177
Current Assets
Debtors & Prepayments
Cash at Bank and in Hand
Total Current Assets
9
Creditors: Amounts falling due within one year
10
NET CURRENT ASSETS
TOTAL ASSETS less current liabilities
10,536
136,698
147,234
1,500
145,734
365,849
62,909
62,909
10,536
199,607
210,143
1,500
208,643
3,211
155,454
158,665
62,909
287,909
158,665
653,758
826,842
Creditors: Amounts falling due in more than one year
11
NET ASSETS
365,849
287,909
653,758
826,842
Funds of the Charity
General Funds
Designated Funds
Restricted Funds
123,057
242,793
TOTAL FUNDS
365,849
287,909
287,909
123,057
242,793
287,909
653,758
293,553
305,044
228,245
826,842
Directors' Responsibilities:
The Directors are satisfied that for the year ended on 31st March 2025 the charitable company was entitled to exemption
from the requirement to obtain an audit under section 477 of the Companies Act 2006 and that no member or members
have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the
Act. However, in accordance with section 145 of the Charities Act 2011, the accounts have been examined by an
Independent Examiner whose report appears on page 19.
The Directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with
respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to
companies subject to the small companies regime and in accordance with the Financial Reporting Standard applicable in
the UK and Republic of Ireland (FRS102).
The Directors acknowledge their responsibility for ensuring that the company keeps proper accounting records which
comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of
affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with
the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006
relating to accounts, so far as applicable to the company.
Approved by the Directors on the ..
Signed on their behalf by Director..
Printed Name:
16/12/2025
Tilt swally
Tim Summersby
**(A COMPANY LIMITED BY GUARANTEE)**
## **WALSALL COMMUNITY CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025**
## **Basis of Preparation & Assessment of Going Concern**
## **Basis of Preparation**
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to the accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP 2015) (Second Edition, effective 1st January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102), the Charities Act 2011 and the Companies Act 2006.
The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.
## **Assessment of Going Concern**
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.
## **Incoming Resources**
## _**Recognition of Incoming Resources**_
These are included in the Statement of Financial Activities (SOFA) when:
▪ the charity becomes entitled to the resources;
▪ the trustees are virtually certain they will receive the resources; and
▪ the monetary value can be measured with sufficient reliability
## _**Incoming Resources with Related Expenditure**_
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA.
## _**Grants and Donations**_
Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
## _**Tax Reclaims on Donations and Gifts**_
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.
## _**Contractual Income and Performance Related Grants**_
This is only included in the SOFA once the related goods or services has been delivered.
## _**Gifts in Kind**_
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.
## _**Donated Services and Facilities**_
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.
## _**Volunteer Help**_
The value of any voluntary help received is not included in the accounts but is described in the trustees' annual report.
## _**Investment Income**_
This is included in the accounts when receivable.
## _**Investment Gains and Losses**_
This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
9
**(A COMPANY LIMITED BY GUARANTEE)**
## **WALSALL COMMUNITY CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST MARCH 2025**
## **1. ACCOUNTING POLICIES (Continued)**
## **Expenditure and Liabilities**
## _**Liability Recognition**_
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
## _**Governance Costs**_
Include costs of the preparation and examination of statutory accounts, the costs of the trustees' meetings and cost of any legal advice to trustees on governance or constitutional matters.
## _**Grants with Performance Conditions**_
Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.
## _**Grants Payable without Performance Conditions**_
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.
## _**Pensions**_
The Charity operates a define contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the financial period. Pension contributions are charged to the Statement of Financial Activities as they become payable.
## _**Taxation**_
The charity is exempt from tax on its charitable activities.
## _**Unrestricted Funds**_
These funds can be used for the general objectives of the charity as set out in the trustees report. The movements of the unrestricted funds are given in the Statement of Financial Activities.
## _**Restricted Funds**_
These funds are where the donor has specified a purpose for the donation made. These restrictions often arise as a result of appeals for special offerings for specific purposes.
## _**Designated Funds**_
These funds are funds set aside by the trustees out of unrestricted general funds for particular purposes or projects.
## _**Legal Status of the Charity**_
The charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.
## _**Fixed Tangible Assets**_
Tangible fixed assets for use by the charity, these are capitalised if they can be used for more than one year, and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt.
## **Amortisation Expense**
No amortisation is charged to the freehold Land and Buildings as it is considered the residual value will not be less than cost.
## _**Depreciation Expense**_
Depreciation is calculated at a rate to write off the cost of tangible fixed assets on a reducing balance basis over their estimated useful lives. The rates applied per annum are as follows:
Fixtures and Fittings 15% Reducing Balance Basis Motor Vehicle 25% Reducing Balance Basis
There has been no change to the accounting policies (valuation rules and methods of accounting) since last year.
10
**(A COMPANY LIMITED BY GUARANTEE)**
## **WALSALL COMMUNITY CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST MARCH 2025**
## **2. TANGIBLE FIXED ASSETS**
|Cost
01-Apr-24
Additions
Disposals
Cost at
31-Mar-25
Depreciation
01-Apr-24
Charge
Depreciation at
31-Mar-25
Net Book Value
31-Mar-25
Net Book Value
31-Mar-24|33 Lower
33 Lower
Crescent
Midland
Hall Lane
Hall
Baptist
Road
Fixtures &
Motor
**TOTAL**
Lease
Lane
Church
Chapel
Fittings
Vehicles
**2024/25**
£
£
£
£
£
£
156,665
-
280,000
225,000
39,157
11,063
711,885
-
215,000
-
-
-
-
215,000
(156,665)
-
(280,000)
-
-
-
(436,665)
-
215,000
-
225,000
39,157
11,063
490,220
-
-
-
-
33,139
10,569
43,708
-
-
-
-
903
494
1,397
-
-
-
-
34,042
11,063
45,105
**-**
**215,000**
**-**
**225,000**
**5,115**
**-**
**445,115**
**156,665**
**-**
**280,000**
**225,000**
**6,018**
**494**
**668,177**|
|---|---|
## _**33 Lower Hall Lane**_
On the 1st September 2019, the Charity Trustees agreed a 125 year lease on the Land and Buildings at, The Vine Inn, Lower Hall Lane, Walsall, WS1 1RR. During the financial year the Trustees sough guidance and advice and agreed to acquire the Land and Buildings at 33 Lower Hall Lane, WS1 1RR for the sum of £215,000, thus dissolving the previously agreed leasehold.
The Freehold Land and Building held under title number WM498553 filed at the Registry and being 33 Lower Hall Lane, WS1 1RR have been included in the accounts at cost value as at the 31st January 2025.
## _**Midland Road Baptist Church**_
The Land and Buildings have been included in the accounts at market value as at the 21st November 2023 and are included in the accounts in accordance with FRS102 - Previous Valuation Deemed Cost. The Freehold Land and Buildings held under title number MM161559 filed at the Registry and being Chapel Strict And Particular Baptist Church, Midland Road, Walsall, WS1 3QQ.
## _**Crescent Baptist Church**_
The Land and Buildings have been included in the accounts at market value as at the 12th March 2024 and are included in the accounts in accordance with FRS102 - Previous Valuation Deemed Cost. The Freehold Land held under title number MM26774 filed at the Registry and being east side of 25 The Crescent, Walsall, WS1 2BX.
During the financial year the Trustees sough guidance and advice and agreed to dispose of the Land and Building at 25 The Crescent, Walsall, WS1 2BX. The Land and Buildings were sold to Harvester Reformational Church Birmingham (Registered Charity Number 1166451) for the sum of £225,000 and the convenance was completed on the 31st January 2025.
The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st March 2025: None
31st March 2024: 125 Year Lease at The Vine Inn, Lower Hall Lane, Walsall, WS1 1RR.
11
## **WALSALL COMMUNITY CHURCH**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST MARCH 2025**
## **3. INCOMING RESOURCES**
|**Note**
**a) Donations & Legacies**
Gifts & Donations
**5 & 6**
Gift Aid Tax
**5**
**b) Charitable Activities**
Contract Income
**5**
Events Income
**5**
**c) Activities for Generating Funds**
Rental Income
**5 & 6**
**d) Investment Income**
Interest
**e) Other Incoming Resources**
Other Income|Unrestricted Designated Restricted
**TOTAL**
**TOTAL**
Funds
Funds
Funds
**2024/25**
**2023/24**
£
£
£
£
£
144,890
23,825
53,370
222,085
148,503
28,340
4,108
-
32,448
45,202
**173,231**
**27,933**
**53,370**
**254,534**
**193,705**
44,607
13,987
-
58,594
44,442
350
1,995
-
2,345
2,700
**44,957**
**15,982**
**-**
**60,939**
**47,142**
-
16,382
10,980
27,362
12,680
**-**
**16,382**
**10,980**
**27,362**
**12,680**
1,510
-
-
1,510
158
**1,510**
**-**
**-**
**1,510**
**158**
3,784
-
-
3,784
25,471
**3,784**
**-**
**-**
**3,784**
**25,471**|
|---|---|
12
## **WALSALL COMMUNITY CHURCH**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST MARCH 2025**
## **4. RESOURCES EXPENDED**
|**Note**
**a) Costs of Charitable Activities**
Activities & Events
**5**
Administrative Expenses
**5**
Bank Charges
**5**
Depreciation Expense
Equipment Costs
Gifts & Donations
**5 & 6**
Insurance Costs
License & Subscriptions
**5**
Ministry Costs
**5**
Motor Vehicle Costs
**5**
Other Costs
Rent & Rates
**5**
Repairs & Maintenance
**6**
Services Charges
**5**
Staff Costs
**5 & 14**
Telephone Costs
Training Costs
Travel & Subsistence
**5**
**b) Governance Costs**
Independent Examiners Fee
**10**
Legal & Professional Fees
**5**|Unrestricted Designated Restricted
**TOTAL**
**TOTAL**
Funds
Funds
Funds
**2024/25**
**2023/24**
£
£
£
£
£
565
4,540
-
5,106
3,700
5,869
1,438
-
7,307
3,926
534
180
-
714
456
1,397
-
-
1,397
-
836
-
-
836
541
843
15,345
3,000
19,188
25,032
1,132
-
-
1,132
2,184
6,677
180
-
6,857
6,602
5,330
850
-
6,180
9,519
-
3,281
-
3,281
3,008
-
-
-
-
20,880
44,316
3,060
-
47,376
12,628
-
-
1,686
1,686
955
-
14,197
-
14,197
6,951
103,602
74,822
-
178,425
163,978
945
-
-
945
1,264
4,154
-
-
4,154
3,561
1,011
3,296
-
4,307
2,122
**177,213**
**121,189**
**4,686**
**303,088**
**267,307**
1,500
-
-
1,500
-
1,448
3,512
-
4,959
1,161
**2,948**
**3,512**
**-**
**6,459**
**1,161**|
|---|---|
13
**(A COMPANY LIMITED BY GUARANTEE)**
## **WALSALL COMMUNITY CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST MARCH 2025**
## **5. DESIGNATED FUNDS**
## **CURRENT FINANCIAL YEAR**
|33 Lower Hall Lane
CCC Fund
Crescent Baptist Church
Mission and Hardship Fund
School Christian Union
WMAP Fund
Youth Fund|**Balance**
**Balance**
**01-Apr-24**
Income
Expenditure
Transfers
**31-Mar-25**
£
£
£
£
£
-
15,832
14,341
220,964
222,455
(11,738)
22,915
40,265
28,721
(367)
280,000
550
4,586
(275,964)
-
10,549
4,533
14,830
15,038
15,290
511
-
-
-
511
25,622
13,987
34,805
-
4,804
100
2,480
15,874
13,394
100
**305,044**
**60,297**
**124,701**
**2,153**
**242,793**|
|---|---|
## **PREVIOUS FINANCIAL YEAR**
|33 Lower Hall Lane
CCC Fund
Crescent Baptist Church
Mission and Hardship Fund
School Christian Union
WMAP Fund
Youth Fund|**Balance**
**Balance**
**01-Apr-23**
Income
Expenditure
Transfers
**31-Mar-24**
£
£
£
£
£
-
-
-
-
-
(367)
-
-
(11,371)
(11,738)
-
-
-
280,000
280,000
15,290
-
-
(4,741)
10,549
511
-
-
-
511
4,804
-
-
20,818
25,622
100
-
-
-
100
**20,338**
**-**
**-**
**284,706**
**305,044**|
|---|---|
The Designated Funds held are represented by the Charity's fixed asset investments and cash reserves. Designated Funds in deficit are classed as continued operations and funds will be replenished in the next financial period.
14
**WALSALL COMMUNITY CHURCH (A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST MARCH 2025**
## **6. RESTRICTED FUNDS**
## **CURRENT FINANCIAL YEAR**
|Food Bank
Midland Road|**Balance**
**Balance**
**01-Apr-24**
Income
Expenditure
Transfers
**31-Mar-25**
£
£
£
£
£
5,088
53,370
3,000
-
55,458
223,157
10,980
1,686
-
232,451
**228,245**
**64,350**
**4,686**
**-**
**287,909**|
|---|---|
## **PREVIOUS FINANCIAL YEAR**
|Food Bank
Midland Road|**Balance**
**Balance**
**01-Apr-23**
Income
Expenditure
Transfers
**31-Mar-24**
£
£
£
£
£
1,826
43,495
40,233
-
5,088
232,451
-
-
(9,294)
223,157
**234,277**
**43,495**
**40,233**
**(9,294)**
**228,245**|
|---|---|
The Restricted Funds held are wholly represented by the Charity's cash reserves and are to be expended as specified above.
15
**(A COMPANY LIMITED BY GUARANTEE)**
## **WALSALL COMMUNITY CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST MARCH 2025**
## **7. FIXED ASSET INVESTMENTS**
The Charity held no investment during this or the previous financial year
## **8. DEBTORS AND PREPAYMENTS**
|Sundry Debtors
**9. CASH AT BANK AND IN HAND**
Cash at Bank and in Hand
**10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Independent Examiners Fee|Unrestricted Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**31-Mar-25**
**31-Mar-24**
£
£
£
£
10,536
-
10,536
3,211
**10,536**
**-**
**10,536**
**3,211**
Unrestricted Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**31-Mar-25**
**31-Mar-24**
£
£
£
£
136,698
62,909
199,607
155,454
**136,698**
**62,909**
**199,607**
**155,454**
Unrestricted Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**31-Mar-25**
**31-Mar-24**
£
£
£
£
1,500
-
1,500
-
**1,500**
**-**
**1,500**
**-**|
|---|---|
## **11. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR**
The Charity held no long term liabilities during this or the previous financial year.
## **12. NET ASSETS BETWEEN FUNDS**
|Fixed Asset Investments
Net Current Assets
Long Term Liabilities|Unrestricted Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**31-Mar-25**
**31-Mar-24**
£
£
£
£
220,115
225,000
445,115
668,177
145,734
62,909
208,643
158,665
-
-
-
-
**365,849**
**287,909**
**653,758**
**826,842**|
|---|---|
16
## **WALSALL COMMUNITY CHURCH**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST MARCH 2025**
## **13. RECONCILIATION OF MOVEMENT ON CAPITAL AND RESERVES**
The Company is Limited by Guarantee and is a Charity registered with the Charity Commission number 1076491 and is not, therefore, subject to Corporation Tax and does not have a Share capital.
|Profit / Deficit for the financial year
Other Recognised Gains
Balances Brought Forward
Gains/(Losses) on Disposal of Fixed Assets
Closing Funds at 31st March 2025
**14. STAFF COSTS AND NUMBERS**
Gross Wages, Salaries & Fees
Employer's National Insurance Costs
Pension Contributions
Employees who were engaged in each of the following activities:
Charitable Activities|**TOTAL**
**2024/25**
**£**
38,581
-
**38,581**
826,842
(211,665)
**653,758**
**TOTAL**
**2024/25**
£
162,191
13,804
2,429
**178,425**
**TOTAL**
**2024/25**
10|**TOTAL**
**2023/24**
**£**
10,688
-
**10,688**
816,154
-
**826,842**
**TOTAL**
**2023/24**
£
163,978
-
-
**163,978**
**TOTAL**
**2023/24**
10|
|---|---|---|
The Charity operates a PAYE scheme to pay all members of employed staff and no employees received emoluments in excess of £60,000 (2023/24:None).
## **15. PAYMENTS TO DIRECTORS AND RELATED PARTIES**
During the financial year Mr A. Boot (Spouse to Director Mrs G. Boot) received £22,822 in salary related payments and £491 in expenses in furtherance of the Charity's objects. All conflicts of interest have been identified, documented and managed in accordance with the Charity's Governing Document.
17
## **WALSALL COMMUNITY CHURCH**
## **(A COMPANY LIMITED BY GUARANTEE)**
## **NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST MARCH 2025**
## **15. PAYMENTS TO DIRECTORS AND RELATED PARTIES (Continued)**
During the financial year Trustee Mr T. Summersby received £17,321 in salary related payments and £1,524 in expenses in furtherance of the Charity's objects. All conflicts of interest have been identified, documented and managed in accordance with the Charity's Governing Document.
During the financial year Mrs H. Summersby (Spouse to Director Mr T. Summersby) received £17,653 in salary related payments and £40 in expenses in furtherance of the Charity's objects. All conflicts of interest have been identified, documented and managed in accordance with the Charity's Governing Document.
During the financial year Director Mr S. Kirk received £8,246 in expenses in furtherance of the Charity's objects. All conflicts of interest have been identified, documented and managed in accordance with the Charity's Governing Document.
During the financial year Mrs S. Kirk (Spouse to Director Mr S. Kirk) received £851 in expenses in furtherance of the Charity's objects. All conflicts of interest have been identified, documented and managed in accordance with the Charity's Governing Document.
During the financial year Mrs A. Heaton (Spouse to Director Mr M. Heaton) received £8,344 in salary related payments and £537 in expenses in furtherance of the Charity's objects. All conflicts of interest have been identified, documented and managed in accordance with the Charity's Governing Document.
During the financial year Walsall Community Church made charitable donations of £8,755 to Trans4m International (Registered Charity Number 1172041) in furtherance of the Charity's object. Director Mr S. Kirk is also a Trustee of Trans4m International (Registered Charity Number 1172041) and all conflicts of interest have been identified, documented and managed in accordance with the Charity's Governing Document.
No other payments were made to directors or any persons connected with them during this financial period. No other material transaction took place between the charity and a director or any person connected with them (2023/24:None).
## **16. RISK ASSESSMENT**
The Directors actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Directors have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
## **17. RESERVES POLICY**
The Directors have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Directors aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The directors will endeavour not to set aside funds unnecessarily.
## **18. PUBLIC BENEFIT**
The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
18
## **INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS**
Report to the trustees/ members of Walsall Community Church on the accounts for the year ended 31st March 2025 set out on pages 7 to 19.
## **Respective responsibilities of trustees and examiner**
The Charity's trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the financial statements. The trustees are satisfied that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the governing document or constitution of the Charity for the conducting of an audit. As a consequence, the trustees have elected that the financial statements be subject to independent examination.
Having satisfied myself that the charity is not subject to audit, and is eligible for independent examination, it is my responsibility to:-
a) examine the accounts under section 145 of the Act;
b) to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the Act; and;
c) to state whether particular matters have come to my attention.
## **Basis of independent examiner's statement**
I conducted my examination in accordance with the General Directions given by the Charity Commissioners for England & Wales in relation to the conducting of an independent examination, referred to above. An independent examination includes a review of the accounting records kept by the Charity and of the accounting systems employed by the Charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements , and seeking explanations from you as trustees concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of the Charities legislation and that the financial statements comply with the SORP, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements.
The procedures undertaken do not provide all the evidence that would be required in an audit , and information supplied by the trustees in the course of the examination is not subjected to audit tests or enquiries, and consequently I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.
I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report I obtain written assurances from the trustees of all material matters.
## **Independent examiner's statement**
The charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Association of Accounting Technicians.
In the course of my examination, no matter has come to my attention:
1. which gives me reasonable cause to believe that in, any material respect, the trustees requirements:
· to keep accounting records in accordance with section 386 of the Companies Act 2006; and
· to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of recommended Practice: Accounting and Reporting by Charities.
have not been met; or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
K. Collaku MAAT Castle View Accounting Ltd Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ
Date: 19th December 2025
19