Evangel Church (Durham) Evangel Church (Durham) T*ustees' Report and Financial Statements For the year ended 31st December 2024 Reglstered Charity No. 1081574 Evangel Church (Durham) Contents Page Legal and adminlstrative information Trustees, report Independent examiner's report Statement of financial actiyities Balance sheet Notes to the financial Statements 8-12 Evangel Church (Durham) Legal and administrative inforniatlon Status: Declaration of Trust dated 18th September 1988 Trustees Joseph Corry Walton Kenneth John Parsons Sandra Rooney Shirley Linda Lewis Christine Wilson Registered Offlce Evangel Church Clifford terrace Co. Durham DH3 3JL Independent Examiner B J Straughan FCA B J Straughan and Co Epworth House 7 Lucy Street Chester le Street DH3 3UP Business address Evangel Church Clifft>rd terrace Co. Durham DH3 3JL Bankers The Co-operative Bank plc Front Street Chester le street Page I Evangel Church (Durhaml .Trustees' Report For the year ended 31st December 2024 Charltable Objects The objetts are "to advance Christian Religion. In particular to continue an extsting work as a church in Chester-le-street, Co. Durham and in suth other plao or pla￿5 as shall be decided upon, the furtherance of other charitable work of the Church consistently with the dottrines by proclaiming and furthering the Gospel of God conceming His Son Jesus Christ Our Lord and the preaching and teaching of the Word of God I'The Gospel") consistently with the statement of faith ("the Doctrine") set forth in the Schedule hereto" These objects are self-expknarory. but have bee￿, and are being, satisfied by the maintaining of a congregation and churth 5trurture among a group of bebievers centred in the church at Durham Road. Chester-le-street. Organi5at¥onal Structure The Charity is a Trust governed by a Board of Trustees. which meets approximately quartedy, tts decisions are made by the unanimous agreement of the Trustees. Trustees are appointed by resolution of the existingTrusteek It is an autonomous legal entity. Review of artivitles and achievements We have held a morning and an evening service every Sunday throughout the year, includin8 Christmas day, Good Friday and first Saturday of each month a Praise. Worship Communion Service, a ladies group has met c>nce and a Bibte Study/Prayer meeting has tsken place each Thursday evening. "We contlnued the telephone Servi￿ each Sunday aftemoon. which ha5 been design.edto meet the needs of those unable to attend church and has been v•ell supported. Visitstion u one of Elders Peter Luckman and our Deacon Shirley Lewis has been ongoing, ministering to the needs of disadvantaged elder￿￿ and s￿k members. New members have been added, and baptisms have taken place. We have continued to provide Durham Christian Partnership with space at cost to enable their provision of various ministrtes to the community including CFtizens Advice, Food Bank, CMA and Homegroup (Changed name Jan 2025 DASH) We also provide space for Co Anon whth supports family members of addiction. We aHowed Redeemer Church the use of our buildingon a Friday evening to hold thelryouth Group. They also has a baptism service. We haye continued to support Overseas Misstons in India, Rusia and the Philippines to extent of E21CyJ. As at 31st December 2024 the restricted fund for building work stand at £10,640. Our Thanks are due for the loving support of all our members Page 2 Evangel Church (Durham) Trustees Report IcoAt4nued) For the year ended 31st De￿rnber 2024 Reserves The policy on reserves is to leave sufficient reserves in the unrestricted funds to meet planned objettives. and to have three months, expenditure in hand after allowing for current liabilities. At 31st December 2024 [￿t current assets were £24.395 of which £6,321 was attributable to restricted funds, leaving £18.074 unrestricted. Also comprised within ur*restricted funds are the church building with a written down value of £97,704 and equipment with a written down value of £3,804 As at 3111212024 the reserves of the Charity were: Restricted for building improvements Unrestricted funds 10.640 115,263 125,903 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 term deposit. Grant making policy The charity makes grants exclusively to rninistries or ministers in response to needs personally known 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 (tontinued) For the year ended 31st December 2024 Statement of Trustees. responsibilities Charity law requires the Trustees to prepare financial statements for each financial year which give a true and falr vlew 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 5uitsble accounting policies and then apply them consistently, make judgments and estimates that are reasonable and prudent, state whether appllcable accounting stsndards and statements of recommended practice have been followed 5ubjert 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 business. The Trustees 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 5taternents comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasoriable steps for the prevention and detection of fraud and other irregularities. This report was approved by the Trustees on ... . behalf by: and signed on their Rev J C Walton Page 4 Evangel Church (Durham) Inde endent Examiner's Re ort to the Trustees of Evan el Church Durham I report on the accounts of the Church for the year ended 31st December 2024 vknich are set out on pages 6 to 12. Res ctive res nsibilities of trustees and Oxaminer The charity's trustees are responsible for the preparatlon of the accounts. The charity's trustees consider that an audit is not required for thi5 year under section 144(2} of the Charities Act 2011 and that an independent examinatton is needed. It is my responsibility to . examine the accounts (ullder section 145 of the 2011 Act)" follow the procedures laid down in the General Direttion5 given by the Charity CommK8sioners (under section 145(5)(b) of the 2011 Act): and state whether particular matters have come to my attention. Basls of In ndent Examlnorfs statom8nt My examinatton was carried out tn accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also indudes consTder3tion of any unusual items or disck)sures in the accounts. and seeking explanations from you 35 trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whetherthe accounts present a 'true and fair view, and the report is limited to those matters set out in the statement below. Inda ndent ExamlneWs statement In connection with my examination, no matter has come to my attention which gives me cause to believe that in any material respect". the accountin8 records were not kept In accordance with section 130 of the Charities Act; or the accounts did not accord with the accounting records. or the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Chartties laccounts and reports) Regulation 2008 other than any requirement that the accounts give a 'true and fair, viewwhich is not a matter considered as part of an independent trxamination. I have come inthi cross no oth in orderto e matters in connection with the examination to which attention should be drawn ble a proper understanding of the accounts to be reached. repo B J skFaughan B J Straughan and Co Cbar*Kered Accountants Epworth House 7 Lucy Street Chester le Street County Durham DH3 3UP Da: Page 5 Evangel Churth IDyrham) .Statement of financial Artivities For the year ended 31st December 2024 Unrestrlcted Restrirted 2024Tf*ts¥ 2023Total Income and endowments from: Donations Investment income Other 33226 9519 42745 45026 7620 Total 41126 9519 50645 52646 Expenditure on Charitsble activitles- Grants payable Premises. teaching and worshlp and pastoral costs Support costs Management and administration 2802 29575 3206 12394 41969 27094 3116 5157 3206 5589 5589 Total 40970 12394 53364 38169 Net income Transfers between funds 156 -2875 -2719 14477 Net movement in funds 156 -2875 -2719 14477 Totsl funds brought forward 115107 13515 128622 114145 Total fund5 carried forward 115263 10640 125903 128622 The notes on paEes 8 to 12 form an integral part of these financial statements Page 6 Evangel Church (Durham) Balance Sheet As at 31st De￿mber 2024 2024 2023 Notes Fixed assets Tangible assets Current assets Debtors Cash at bank and in hand 101508 103559 10 584 26879 27463 618 29253 29871 Creditors: amounts falling due within one year li -3068 -4808 Net current assets 24395 25063 Net assets 125903 128622 Funds Unrestrirted funds Restricted funds 13 14 115263 10640 125903 115107 13515 128622 The notes on pages 8 to 12 form an integral part of these financial statements This report was approved by the Trustees on .... behalf by: and signed on their Rev J C Walton Page7 Evangel Church (Durham) Notes to the financial statements For the year ended 31st December 2024 l Accountlng Policies a) 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 102) issued in January 2022, the Charities Act 2011 and UK Generally Accepted Accounting Practice as it applies from 1st January 2023. The financial statements are prepared on a going concern basis under the historical C05t convention. b) Incoming resources Voluntary income is received by way of donations and gifts and is included in full in the Statement of financial Attivities when receivable. Gifts donated for resale are included as income when they are 501d. Donated assets are included at the value to the charity where this can be quantified and a third party is bearing the c05t. The value of services provided by volunteers has not been included. Income from investments is included in the year in which it is receivable. c) Resources expended Resources expended are recognised in the year in which they are incurred. Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management. Management and administration costs are those incurred in connection with administration of the charity and compliance with constttutional and statutory requirements. d) Tangible fExed assets and depreclatlon Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows: Freehold premise5- none before 2011, additions thereafter, 4- 20% straight line PA and video Fixtures, fittings and equipment Piano 20% straight line 10% straight line IO% straight line Page 8 Evamgtl Churth (Durham) l Donations Funds Fund5 2024fotsl Funds Z023 Total TEthes and Offerin85 ex￿Pt￿1ft ahkd Grft aided donations Special gifts from membEr5 Special gifts 12783 17666 2657 120 14783 25185 2657 16811 16811 21020 7519 4521 1095 2195 33226 9519 42745 37405 7621 45026 Funds Funds 2024Totsl nds Fund5 Glftsfrom outside or8ani$attonsforuse of premoses". Foodbank Pollin8ststion fee 560 560 7620 7620 UnresirfetÈd 2024Tolal Fu*ds Giftsagalnstpovatr Glftsto mlssionarie5 in India, R￿￿la and Phlllppine5 DCMCH Childrens Home Ministrytosickorelderty other 8Ifts Giftto Mi5ionaryto Au551 47 1920 47 1920 50 960 5NJ 300 5CQ 73$ 735 5 Pierrises. teathln¥ and worsl*.and pastoral ¢0gts Unrestflcted Restrfcted Funds Funds Funds Funds Z014Totsl 2023 Totsl Premi5e5 U8ht. heat alld water Repairs and maintenance TeachlnB andwotshlp Church ￿p￿leS and small Bffts Virtual serv1￿$ Chlldren Weddin8and fvnera15 9793 1037 9793 8502 12394 458 851 851 i(wJ 145 667 171 256 667 171 256 145 Pastoral Stsff tostsl note 81 Travel by EI￿r$ 162a8 1441 1441 29575 12394 41969 27094 27094 UftrestrItt￿ Restrfctad Funds Funds unre$￿¢ted Funds Rtstricted Fund5 6 Stspptrrt tD5t ZD24Total 2023Totsi preoation Of offits e4ubwnenL PA and piw and bJibJi 321 3206 3116 3116 3206 3116 3116 Page 9 Evangel Churth (Durham I Noles tothe Ilmndal statem¢ntsl ¢oJrtlrntedl Unr¢#rf¢t•d Restrkted Funth Funts Y m￿￿8*Melrt and admlnlstratlon 2024Total Fund5 Funds 2023 Total Publiclty Insurances Prfntln& postage and ststionery 1￿ependefit exam1r￿'S fee Payroll and soffvlare Pastot's office exper TreasureVs office expenses Internet seNices Le8al and Professional 202 202 2183 181 1065 104 312 312 798 2307 297 1336 2307 297 1336 104 312 312 835 2183 104 312 312 312 312 835 5589 5589 5157 5157 8Trustees' emoluments Dudng theyear. P)storJ.C. Walton earned £13,5% for hls servlces as a PaS￿r and was rèimbursed £212AO fortravelling expenses £312 (included in managementand administration )torthe use t)t hi5 home as an office and forthe use of htstslephone. Therewerealso payments totallrftg £2,4(Kl into his peftsitsn plan. Furniture Freehold land ￿re$ and and bulldlngs Fitting5 9Ta￿Ib1tt￿l a55ets PA and Wdeo Plano Total At 1st January 2024 Addition5 118960 17239 1155 138896 At3tst December 2024 118960 18394 At Istjanuary 2024 Charge foryear 18869 2387 13771 819 35337 3206 At 31st D¢￿mber 2024 21256 14590 808 1889 38543 Net hook values At 3tst Oecember 2024 97704 low At 315t December 2023 IOCXJ91 3468 103559 Pa8e 10 Evan8el chU￿h (Durham) Notes to the fifiandal Ststeffl￿ I corrtlnyed) For the year ended 3tst December 2024 io Debtors 2024 Totsl 2023 Total Income tax recoverable Prepayments 509 75 557 61 7> 618 11 Creditors: amounts falling due wrthin one year Funds Funds 2024 Totsl 2023 Totsl Cred¥to PAYE and social security costs Sundry ¢redttor5 and accruals 2117 660 2031 3068 4808 12 Analysis of net assets between funds Funds Funds 2023 Total Fund balances at 31st December 2024, represented by: Tangible fixed assets Current assets Current Ilabilitie5 101508 16823 -3068 101508 27463 10640 115263 10640 125903 Page 11 Evan8el Church (Durham) . Notes to the finandal statements ( contlnued ) For the year ended 31st December 2024 13 Unrestrl¢ted lunds Transfer Outgoing between As at Resour￿$ Funds 3111212024 A5at Incoming OV0112024 resources General resources Designated flsnd contingency 113922 1185 40970 113416 1847 662 115107 41126 40970 115263 Purposes of desl8nated funds: Designated fund = contlngenry. A fund is maintained should a need arise within the Church, eg any member in financial need. Following the death of Rev John Le￿, whose teaching ministry was operated under the name of Nehemiah Project, the fund has been maintained at É25.00 per calander month. 14 Restrlrted funds Transfer Outgoing between Resources Funds Asat Incoming 0110112024 resources 3111212024 Building expansion fund 13515 13515 9519 9519 12394 12394 10640 Purposes of restrlcted funds: The building expanslon fund is to meet the cost of proposed works where the donors have specifically required it to be so used and it is maintained out of such donations, ny grants from external sources and repayments received under gift aid since the fund was Set up. Page 12