Evangel Church (Durham) Evan8el Churth {Durhaml Trustees. Report and Flnanclal Statements For the year ended 31st December 2023 Reglstered Charlty No. 1081574 Evangel Church {Durham) Contents Page Legal and administrative information Tru5tees' report Independent examiner's report Statement of financial actfvftles Balance sheet Notes to the Ilnanclal statements 8-12 Evangel Church (Durham) Legal and admlnlstrative Informatlon Status.. Declaration of Trust dated 18th September 1988 Tru5tee5 Joseph Corry Walton Kenneth John Parsons Sandra Roonev Shirley Linda Lewis Christine Wilson Registered Offi Evangel Church Clifford terrace Co. Durham DH33JL Independent Examlner 8 J Straughan FCA B J 5traughan and Co Epworth House 7 Lucy Street Chester le street DH3 3UP BusSness address Evangel Church Clifftird terrace Co. Durharn DH3 3JL Bankers The Co-operative Bank plc Front Street Chester le street Page I Evangel Church {Durharnl Trustees. Report For the year ended 31rt December 2023 Charitable Objects The objects are "to advance Christian Religion. in particular to continue an existing work as a church in Che5ter-le-Street, Co. Durham 3nd in such other place or places as shall be decided upon, the furtherance of other charitable work of the Church consistently with the doctrines by proclaiming and furthering the Gospel of God concerning His Sors Jesus Christ Our Lord and the preaching and teaching of the Word of God lThe Gospel") onsistently with the statement of faith I'the Doctrine.) set forth in the Schedule hereto.. These objects are self*xplanatory. but have been, and are bein& satisfied by the maintaining of a congregation and church stnJrture among a group of believers centred In the church at Durham Road, Chester-le-StreeL Organlsatlonal Structure The Charity is a Trust governed by a Board of Trustees, which meets approximately quarterly, its decisions are m3de by the Ltnanimous 3greement of the Trustees. Trustees are appointed by resolution of the existing Trustees. It is an autonomous legal entity. Revlew ol act5v5tle5 and athlevements We have held a morning and an evening service every Sunday throughout the year, including Christmas dayi Good Friday and first Saturday of each month Praise Worship Communion Service and a Ladies group on a Monday On￿ a month. provi(lin8 w¢yship. Holy Communion and Biblical teaching and presentation of the Gospel of Salvation, and a meeting on Thursday evenings We have continued our telephone 5ervites on Sunday aftefnoons, p3rticularly for those unable io attend chLtrch and this has been well sUPPOrted. Our vislting team. being Peter Lud(man one of our elders. and Shirley Lew5 our deacon, have continued ministering practically and spiritually to disadvantaged. elder￿ and sick members. Small Christmas gifts were distributed to all our members. New members have been added to the church and a baptism service has been held. We have continued to provide Durham Christian Partnership wth spate at cost, this area houses their various expanding community-oriented ministries including food bank C4tizen Advice, CMA Budget Buddies. Durharn Employability, Co Anon and Home8roup. Overseas ministries continued to be supported to the extent of £1970. A5 at 31st December 2023 the restrirted fvnd for buildin8 work stand at £13.515, whlch will be absorbed irl necessary re-roofin8 the back hall and reapir to entrance porch and more aC￿sSible disabled at 2 entrances. A5 always, my personal thanks 80 to the whole church membership. trustees and Offi￿r5 for their unwavering support and love In what has been a difficult year for myself and my wife Page 2 Evan8el Church {Durhaml Truslee5 Report Icontinued) For the year ended 31st December 2023 Reserves The pollcy on reserves is to leave sufficient reserves in the unrestricted funds to meet planned objectives, and to have three months, expenditure in hand after allowing for current liabilities. At 31st Detember 2023 net current assets were £25.063 of which E13.515 was attributable to restricted funds, leaving £11.548 unrestricted. Also comprised within unrestricted funds are the church building with a written down value of £100,091 and equipment with a written down value of£3,468 As at 3111212023 the reserves of the Charlty were: Restricted for building improvements Unrestricted fund5 13,515 115,107 128,622 Going Concern In the opinion of the Trustees the charity can continue to operate for the foreseeable future and the going concern basis of accounting is therefore appropriate. Investment powers. policy and performance Funds not immediately needed are invested on short temi deposit. Grant makin8 policy The charity makes grants exclusively to ministries Of ministers in response to needs personally kftown to the Trustees. and they do not consider applications from fund- raisers. Governance and Internal control The major risks to which the charity is exposed. as identified by the Trustees, have been reviewed and systems have been established to mitigate those risks. Page 3 Evangel Church (Durham) Trustees Report (continued) For the year ended 31st December 2023 Statement of Trustees. responsibilities Charity law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity at the year end and of its incoming resources and resources expended during that 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 statements of recommended practice have been followed subject to any departures disclosed 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 busines5. The Trustee5 are responsible for keeping proper 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 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. This report was approved by the Trustees on .-. behalf by.. ..2.oz.*. and signed on their Revj alton Page 4 Evangol Church (Durham) Inde endent Examiner's Re ort to the Trustee5 of Evan el Church Durham I report on the accounts of the Church lor th8 year ernjed 31￿ De(*mber 20rJ *thi¢h are set o(rt on pages 6 to 12. iver nsibliiies of trusteos 8nd ¢x8mln•r The charity's trustees are re5ponsÉble for ihe preparation of the accounts. The charity's tmstees consider that an audit 15 not required for this year under se¢b"on 144121 of the Charities Act 2011 and that an independent exaEnination 15 needed. It is my responsibility to examine the a¢¢ounts lu￿19r soction 14S ofthe Y)11 Act).. follow the procedures lald down in the General Directions given by the Charity Commissioners luTrJet section 14515llbl of the 2011 Act): and state whethèr particular matters have come to my attention. In •ndent Examlnor's slaiement My exarnination was ¢arried out in accordan￿ with the General Directions given by the Charitv Comrnissioners. An examination includes a rewew of the accounting records kept by the charity and a comparison of the a¢counts presented with those records. It also includes consideration of any unusual itèms or disclosures in the accounts. and seeking explanations from you as trustees Con￿rning any such matters. The procedures undertaken do not prowde all the evidence that would be required in an audit, and consequently no opinion is gNen as to whether the account5 present a 'true and fair view, and the report is limited to those matters set out in the statement below. Inde end•nl Examlner's statement In connection with my exèmination, no matter has come to my attention which gives me cause to believe that in any materfial respect: the a¢¢ountinR records were not kept in accordan￿ with section 130 of the Charities Act; or the accounts did noi accord ￿th the ac￿Unting records.. or the accounts did not compty with the applicable requirements conceming the form and content of accounts set out in the Charities (accounts and report51 Regulation 2W8 other than anv requirement that the accounts gNe a'true and fair, view whith 15 Dot a matter considered as part of an independent examination. I have corne across no other matters in connection wth the examination to which attention should be drawn this rep rt in ordef t enable a proper understandin8 of the accounts to be reathed. BJS ughan B J Straughan Co Chartered Accountants Epworth House 7 Lucy Slreet Chester le Street County Durham DH3 3UP 1 ELQ&ld LgLlk Date Pa8e 5 Evangel Church (Duwharnl ststement ol FIna￿[al Actl¥ltles Forthe year Mded 315t D￿ember 2023 Fub Funds 2013 Totsl 1012 Total Income and endowments from.. Donation5 Investment income Other 37405 7621 45026 7620 7620 53C4) Total 45025 7621 52646 46264 Expenditu￿ on Charitable actJvrtles- Grants payable Premises, reaching and worship and pa51oral costs Support costs Man8gÈment and administration 2802 2802 2286 27094 3116 5157 27094 3116 5157 46616 3782 4456 Total 38169 38169 57140 Net income Transfers between funds 7621 14477 -10876 Net movement in funds 7621 14477 -10876 T¢yal funds browht forward 108251 5894 114145 125021 Total fundscarried forward 115107 13515 128622 114145 The note5 011 PO8e5 8 to 12 lorrn an integral part of these financlal statement5 Page 6 Evangel Church (Duihaml Balance Sheet As at 31st December 2023 2023 2022 Notes Fixed assets Tangible assets Current assets Debtors Cash at bank and in hand 103559 106675 io 618 29253 29871 1966 9303 11269 Creditors.. amounts falling due within one year li -4808 -3799 Net current assets 25063 7470 Net assets 128622 114145 Funds Unrestricted funds Restricted funds 13 14 115107 13515 128622 108251 5894 114145 The notes on pages 8 to 12 form an integral part of these financial statements This reporl was approved by the Trustees on behalf bv.. and signed on their Revj C Walt Page7 Evangel Churth (Durhaml Notes to the financi?1 statements For the year ended 31st December 2023 l Actounting Polities al Basis of preparatlon The charity constitutes a public benefit entity as defined by FRS 102. 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 applicable in the United Kingdom and Republic of Ireland IFRS 1021 issued in October 2019, the Charities Act 2011 and UK Generally A￿pted Accounting Practice as it applies from Istjanuary 2019. The financial statements are prepared on a going concern basis under the historical cost convention. b} Incomlng resources Voluntary income is received by way of donations and gifts and is included in full in the Statement of financial Activities when receivable. Gifts donated for resale are included as income when they are sold. Donated assets are included at the value to the charity where this tan be quantified and a third party is bearing the cost. The value of seryices provided by volunteers has not been included. Income from investment5 15 included in the year in which it is receivable. cl Resources expended ResoLFrces expended are recognised in the year in which they are incurred. Support costs are those costs incurred direct￿ in support of expenditure on the objetts of the charity and include project management. Management and administration costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements. d) Tangible fixed assets and depreclatlon Depreciation is provFded at rates calculated to write off the cost less residual value of each asset over its expected useful life. as follows- Freehold premises- none before 2011. additions thereafter, 4- 20% straight line PA and video Fixtures, fittings and equipment Piano 20% straight line IO% straight line 10% straight line Page 8 Ev•n￿l thurt*lDurhirnl Fotthe yeirqndqd 3IrtD￿￿h0r202l 202JT•t•l Fvnds Js 22Tatsl thesaoé Ofltrln8s*ctytwftaided Giftaided donètsons iThCty￿e from voluniary IL￿d tai*nl Xthiiies SpeaalBffts 14341 19110 1233 1653 14341 19110 1233 6280 4521 21020 Ir￿5 Iir 1195 1627 37405 7621 45026 36337 4627 4￿64 Unrtsirkted Restrbtted ds JQth•r F¥r4Js 2021T*)t41 2022Tot•l Gfftsliom out51de ￿￿1$•￿t¢￿f￿u1e*fp￿erni￿' Fotsybank 7310 53DJ $3UO Pc41ir*st4tK)nfEt 7620 53CN) 53 unwe5trK￿ Resti*ied 1011Tth￿ Fur Fund5 Funds Fur 2tr22Totsl poverty rxfts*0 missian8r￿sInrt Otherlwiftut￿S DCMCHChddren5 Home MinlstrytQskkry¥deTty Olher81ft5 Glft to MSsi0DarytoPoJS￿ 47 47 1920 960 840 rs5 ns 3rh) IZB6 228fj 5 Prnmh•s, tè4cMw 4nd wOr*,*nd Urdestrkw Rqstrkied 05 F¥ 2022Toi•l Premlks titht. heat ènd w4ttt Rep*r5 miinten￿￿t Teathini ind w015hip Chur(h sup￿￿ indsrnal Irirtvalsor¥ice5 8502 458 4612 6075 4611 23092 45B 17014 667 171 256 667 171 256 1266 1266 iio 136 136 77 Hosp*¥lty weddIn8￿d1￿￿a Past(rf Staff rosts Inute 81 Trwd byadEr5 15603 1440 15603 1440 1440 27CIJ4 29602 17014 46616 5 Support cost Funds FurA F￿nd funds 2422TthI DeprKlètknofolA(e equlpmeftL PA*dphlno•ThJtvJWw 3116 3116 3782 3116 3116 37B2 3782 E¥anRelChwch IOuFharn I Note5 to ihE ￿￿•￿•15t￿tIMErts (¢Dnthu￿j Fowthe ￿rende￿ JIStD￿•M￿r10l3 2022 Fut Fwds Publlc Insurances PthtlnE. 5tatFWV Independent exafflm*sfee p￿rOll Ind 50ftwar Pthoe5 offKeeKppr TiEa5ur2rs DfFke exsyn5e5 IntÈtnètSÈr¥keS Lerd and Profess￿rtaI 202 1458 2183 181 1169 2183 1458 ILffJ 941 29 312 312 528 426 941 129 312 312 528 426 312 312 312 312 5157 5157 4456 8TIu51ee5' effl￿￿￿￿￿ L*JrSre theyear. P*torJ.C. W*on e4rred£12.668fu hose[¥￿ asa PastsrarK1 was ￿MI#jr$e￿£s35.50INtrIv￿l11@expEnses and £312 Ilncluded in rn3n48err*nt adminhtratim )fortheuseof h￿￿eaS￿l ofl*e * tortheu5eof Therewwea&vpayrnwrt5 tutsllinx£l,4￿ irto plan. Fvmitu Freehok4 l￿nd Fwre5an rrtE￿$S ¥T4nObhillthd assets PA andvthty Pkr Total AtIstj￿U￿y 2023 Additlons 1189 17239 138896 At31st December 2023 LiB96D 17239 1889 138896 At 15tlanuary 2023 Charge Iyrwr 16482 2387 13042 32221 3116 At315tDe£etniYr 2023 L3ni 1889 35337 N*t I￿0k valueg At315L0etern￿t 2023 ILWJL 1035S9 At 3IttDÈtembÈr 202a 102478 4197 IC6675 Evangel Church11)urhaml Notestothefinanu•l statemehts l ¢Oh¢lhuedl Forthe year ended 315t December 2023 10 Oebtors Fund5 2023Ttst•l 2022 Totsl Income tax recoverable Prepayments 557 61 557 61 1877 89 618 618 1966 Urwestrlcled Restrlrted Funds Fund5 11 Crethtors: Inwnts f¥ll￿d￿* wlthlrb one year 2023Total 2022Totsl Creditors PAYE and social security c05ts Sundry creditors and accrua15 2117 2117 660 2031 1295 716 1788 2031 4808 3799 12 An￿y51$ ol net Ossets bet**en lund5 Funds Funds 2023 Trtal F￿nd balances at 31st tlecernEer 2023. represented by.. Tangible fixed assds Current a55ets Current Ilakn-litie5 103559 16356 4808 103559 29871 4808 13515 115107 13515 128622 Page 11 evangel Churth (Durharnl Notestothe Ionanclal statements l a>ntlnued I Forthe year ended 31$t Oe¢embtr 2023 Unrestrlrted lunds Transfer Jtsolng between As at Resources Fund5 3111212023 Asat Incomiwa oyoin023 resources General Tesources DeS￿natsd fund contÈngetKy 107451 44205 820 37434 735 113922 1185 300 108251 45025 38169 115107 Purposes of desF8natedfunts: Designated fund.. contingency. Afvnd is maintsined should a t*ed arise wtthin the Church, eg any member In fInar￿la1 need. Following the death of Revjohn Levy. whose teaching minittry was operated underthe name of Neherniah Project. the fvnd has been maintained at £25.1K) For caLinder month. 14 Restrlaed funds Transfer between Funds Asat IrKoming Outgolng oyo112023 resources Re50vrces Asat 3ty1212023 BuildinB expansion lund 7621 1351S 1098 7621 13515 Purposes of rtStrittedlund$: The building expansion fLtnd s to meet the costof prowjsed works where the thjrtors have 5pecsfically required it to be so used and it 15 maintsined out of such donations. any 8rants from e￿e(nal souiees and repayments receNed under gtft aKI sincethe fund was set up. 14 Related Partytransadi Acompany wholly owned by a relatfveof a trustee K J Parsons. David Parson5 Limrted. dtd buildinB work forthe Charity, tothe extent 01 £205 Page 12