REGISTERED COMPANY NUMBER: 04446103 (England and Wales) REGISTERED CHAIUTY NUMBER: 1093779 REPORT FTHETR STEES AND NA ITED FINANCIAL TA EMENTS FOR THE YEAR END I DECE ER2 cOMITy C CH BeacoL8 Chartered Accountants 30 High Street Wendover Buckingham8hire HP22 6EA
COMMUMTY CHURCH CONTEIYTS OF THE FINANCIAL STATEMENTS FOR THE YEAR EIYDED 31 DECEMBER 2024 Pgge Reference and Administratlve Detalls Report of the Trust 2 to 5 Independent Eiamlner's Report ststement of Fln&nel81 Aetlvltles Bal#nee Shtel 8 to 9 Notes to the FlnYdncIv41 Ststements 10 to 15 Detslled Statement of FlllanclAI A¢tlvltleJ l6
OAKS CO REFEREN ADI[NISTRATIvE DETAILS FOR THE YEAR ENDED 31 DFCEltrtBER 2024 TRUSTEES KPScott R G Buckland COMPAIYY SECRETARY KPS¢ott REGISTERED OFFICE 6 Bourbon Street Ayle5bury BuckinghnshIrQ HP20 2RR REGISTERED COMPANY NUMBER 04446103 (England and Wales) REGISTERED CHARITY IYUMBER 1093779 YDEPENDENT EXAMINER Beacon8 Chartered Accountants 30 High Street Wendover Buckinghamshire BANKERS National W¢stmimster Bank 22 Market Squarc Aylesbury BuckinglmhIre HP20 ITR Pag¢ I
OAKS COMMUNrrY CIIURCH REPORT OF THE TRUSTEES ED 31 DECEMBER 2024 The trustccs who arc also directors of the charity for the purposes of the Companies Act 2006, present their r¢port with the financial statements of the charity for the year ended 31 December 2024. The trnstees hav¢ adopted the provisions of Accounting and Rewting by Charities: Statement of RecOmmded Prartice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable irL the UK and Republic of treland (FRS 102) (eff¢ctive l January 2019). Page 2
OAK COMMUMTY CHURCH REPORT OF THE TRUSTEES R THE YEAR ENDED 31 DECEMBER 2024 ORJECTJVES AND ACTIVITIES Objectives and aims Oaks Conmnwlity Chwch was started by a small group of Christians from the Church of the Holy SpiriL Bedgrove, who began to pray for the Acon)s Estat¢ in May 1995. The ChUb eventualty had its first public meeting in the William Harding School on December 10th 1995 with a group of 25 people. Oaks became an independent church on December l 0th 2000 and is DOW part of the Evangelical Al]iance, the Aylesbury Church N¢twork and linked to The New Wine Network. In 2011 Oaks outgrew the hall at the Willian] Harding School and moved to Ayl¢sbury Grammar School where we continue to grow and continue to be involved in our community. We remain good friends with the Cburcb of the Holy Spirit and are also founding men]ber8 of the Aylesbury Church NetwoA(. Our Values We particularly value the orthodox faith of th¢ tradition Christian Church as revealed in the Bible, the Word of God, and as ¢xpress¢d in the historic creeds of the Church, (the Apostoli¢ and Ni¢en¢ creeds) and the work of the Holy Spirit in ¢ffecting the will of God the Father and the Son. Worthip: We believe that as hun1 beings our primary purpose for existing is to worship God. ID accordance with Biblical principles there are two main ways that we en¢ourag¢ our members to worship. One is that we seek to live our lives a8 a éaily offering of praise and sacrifice to God and the other ts by means of corporate worship as a fellowship, which is led by the worship band in a modern and livety style. Bible teaching is a vitsl ]ngdIent for a healthy church. We need to show its relevance as the basic issue for us is experiencing the Bibl¢ -not only knowing it. We higbly value expository tsachin& witb all empbasis on doing and experiencing. MiDiBty to people witb th¢ lov¢ of God tho Father, and in the power and gifts of the Holy SpiriL Presence Led: All that we do at Oaks needs to be praYerfilY guided by the Father, it is our desire and our aim to say with Jesus 'we only do what we see the Fatber doing,. Othor valucs w¢ hold can bc summ¢d up by scv¢ral sayings that we have at Oak8. 'W¢ need to grow smaller as we grow bigger" Because mucb of church life is about r¢lationsbips we believe that &8 a church grows bigger it must also gTOW smaller. We theretore place an emphasis on our small groups. e,g. core groups and Life group5. These 0UpS allow big ¢hurch¢8 to maint&in close r¢lati0118hip3 and friendships. whirh ar¢ vital ingredients of a healthy church. "Belonging- Believtng - Behaving" It's important that when someone comes to Oaks on a Sunday, regardless of their background or spiritual state they feel as though they belong here, that they are welcomed. If people feel they belong then they'll be more likely to come again and th¢ hope is that as they ar¢ ¢xposed to Christians and to Christian tn, they will begin their faith journey. And as they begin this journey, the Holy Spirit will begin to change tbeir behaviour and they will slowly want to b¢Gom¢ more lik¢ Jesus. (Whith is th¢ mark of ChrAStian maturity to be lik¢ Christ.) "Discipleship is a Process. We believ¢ that discipleship is a pro¢ess, therefore we have put ill place a prorxss by which people can grow into being fully a¢tive discipl¢s of J¢sus, equipped to minist¢r and able to feed themselves spiritually. "Every Member is a Minist&, We believe that together we are the body of Clwist and that everyone cao and does have a conthljution to n]ake to the life of the churcb. "Empowering Leadership" We believe that growing Ghurches concentrate on empowering Cbristians for ministy. Leaders of growing churches do not use lay workers as helpers in attaining their own goals and visions. Rather, they assist th¢m to attain the spiritual potential God has for them. Page 3
COMlktUNITY CHURCH REPORT OF THE TRUSTEES R TIIE YEARENDED 31 DECEMBER 2024 Vision statement We aim to establish an outward looking chwch where God Gan be God and we ¢an truly be our5elv¢s Our beliefs The Bible is God's own wor4 and a sure and rxrtain guide for life. God loved the world and gave His ODly Son to be its Saviour. Jesus died and rose again and will return in great power and glory at the end of the world. Men and women are called to be in a rcal and living relationship with God through faith in the Lord Jesus, The Holy Spirit has power to change th08e who trjst in Christ. giving them a new stait a clean record, and a life worth living. ACHtEVEMENT AND PERFORMANCE Charltable aetlvAtles While planning activities for the year the members of the Cowicil have con%ideTcd tho Charity CoDimission guidance on public benefit and in particular th¢ Specific gllidan on Charities for the advancement of religion. As a community church we continue to seek ways to be involved in the local community as well as supporting charitable work overseas including a coupl¢ who are comieeted to the church who are roissionaries in Africa and a ¢ouple who ar¢ working in Malaysia. During the year we have fanCIallY supported local Jninistries including Youth for CbrisL Street Angels, Food bank and providing ChrA5tmas hampers for people. We were also able to part fund summer camps to make them more affordable for our young people to atthd. We ¢ontinue with outreach programmes including our Coffee Shop being open to the public, our very popular weight loss Ollp. Bridge lessons, Food bank and numerous S*xial ¢v¢nts. We ran & v¢ry succcssfill Alpha Coursc in 2024 aftcr which the participants fornied a Core Group that is still meeting. This now means that we bave 5 Corc Groups meeting each weck cithcr online or in perso these wups matnly do bible study but also hav¢ social events several times a year. We also have life groups for a forlnight twice 8 year wh¢re we close down our activities and encourage the church to do life tog¢theT" this could be a quiz ni&ht, woodturningi panrake eveDin& arts and crafts. Ice Hockey, etc. The list is only limited by our imagination, (and staying within the law!). Men's and women's groups s0 meet regularly through the year. Sunday serviceg are wh¢r¢ we see our largest numbers and we ¢ontinue to meet each Sunday at Aylesbury Grammar School. where as well as our adult service we provide separate children's and youth activities. 2024 saw a change in personnel when Wendy Kemp stepp¢d down as our Youth txad¢r and w¢ employed Amelia Godden. We thank Wendy for her hard work and dedication to our young people. As welE as our adult band we also have a thriving youth band who lead worship in the church durlng the year. 2024 saw us launch two new initiatffives. Pause, wljich is a group for wom¢n who are facitig the issues of m¢nopause YOYO'S which is a lunch f¢llowship for people who may otherwise be eating alone. We Temain committed to Church Unity and are actively involved in the Aylesbury Church Network. We hope this report will provide an insigbt into our work and we would like to tbank all those who have supported us in the past year both in prayer and financially. NANcL REEw Reserves policy The Trustecs have established a policy whereby the unrestiicted funds Dot designated or invested in tangible fixed assets (ie 'free reserves") held by the charitable company should be equivalent to thr¢¢ months nllming costs. At the year ended 31 December 2024 the free reserves, wer¢ abov¢ the target level. Page 4
OAKS COMMUNrrY c REPORT OF THE TR ST ES FOR THE YIAR EIYDED 31 DE EMB R 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT GoverDing document Oaks Cornmunity Church is Controlled by a governing documenL the Memorandum and Articles of Association of the Limited company, and constitute a ]imit¢d company lijnited by guarantee as defined by the Companies Act 2006. Recruitment and appointment and training of Dew members of Councll In a¢cordallce with the Articles of Association the Council is authorised to appoint a new members Council. One third of the Council retire by rotation at the Annual General Meeting but may seek re-election. Members of the Council are encourdged to continually review their role within th¢ Council and in this context new members are appointed following con8ultation witl4 And the approval 0£ th¢ chllh Leadership Team. On appointment to the Council new members are provided with such training as is required to enable them to carry out ther role in an effective nll. Organts&tional structure The Trnste¢s usually meet by themselv¢8 two or three tIn5 a year. There is also a Church Leadership Team and the TnLStees have meetings jointly with the Church Leadership Team three tlmes a year. We also have wider church meetings where we hear reports from different ministries within the church twice a year. The Trust¢¢s and lxadership TeaN also report to that meeting. Approved by order of the board of trustses on 27 September 2025 and sign¢d on its bebalf by: K P st- TNstee Page 5
INDEpE1ENT ExlR,s REPORT T OAKS COMlktUNITY C TRU Independent examiner's report to the trustees of Oaks Community Church ('tbe CompaDy') I Teport to the cl]arity trustses on my examination of the accounts of the Company for the yeur ended 31 December 2024. R¢spou3ibilitles and ba5b of report As the charity's trustces of the Company (alld also its directors for the pwposes of company law) you are responsible for the preparation of the accounts in accordance with the requir¢menrts of the Companies Art 2006 Cthe 2(K)6 Acv). Having satisfied myself that the accounts of the Company are not r¢quiIed to be audited w)der Part 16 of the 2006 Act and are eligible for independent examItIO15 I report in respect of my examinalion of your cbarity's accounts as carried und¢r Section 145 of the Charities Act 2011 Cthe 2011 Act,). In carying out my examination I have followed the Directions given by the Charity Commi&8ion under Section 145(5) (b) of the 2011 ACL Independent examiner's statement I have completed n)y examination. I conf that no matters have Come to my attention in connection with the examination giving me cause to believe: accounting records were not kept in respect of th¢ Company as required by Section 386 of the 2006 Act; or the ac¢ounts do not accord with those records. or tbe accounts do not ¢omply wftth the arcounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a Iru¢ and fair vi¢w which IB not a matter considered as part of an indep¢ndent examination. or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Prncti¢e for accouThting and reporting by clwities (appIlble to charities preparing their accounts in a¢cordan¢e wilb the Flnancial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I hav¢ no conc¢rns and bave come across no otlw matters in connection with ibe wmination to which attention should be drawn in this report in order to ¢nabl¢ a proper understanding of the accounts to be reached. Anthony Parks ACA Beacons Chartered Accountants 30 High Street Wendover Buckinghamshire HP22 6EA 27 Septsmber 2025 Page 6
OAKS C NrTY CHURCH STATEME OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBFR 2024 31.1224 Total funds 31.12.23 Total funds Unrestricted fund Restrictsd Notes INCOME AND ENDOWMENTS FROM Donations and legacies 63,027 63.027 80,010 Charfitable actfvlties Shop 4.577 4,577 4,445 Inv¢stoMrt income 1,634 1,634 1,990 Total 69.238 69,238 86,445 EXPENDITURE ON Charltable aetjvlties Shop Church ¢osts 6254 74.552 14,143 12,771 20,397 87,323 19,577 85,796 Totsl 80,806 26.914 107,720 105.373 NET llYCOMEI(EXPEY4DrruRE) (11,568) (26,914) (38,482) (18.928} RECONCILIATION OF FUNDS Total funds brought forward 104,949 44.783 149,732 168,660 TOTAL FUNDS CARRIED FORWARD 93,381 17,869 111250 149,732 The notes forni part of these fjnancial statements Page 7
OAKS COMKUNITY CIIURCH BALANCE SHEET 31DE EMBER 2 31.12.24 Total funds 31.12.23 Total funds Unrestrlcted Restricted fijnd fimdg Notes FIXED ASSETS Tangible assets Investments 5,015 35,000 5,015 35,000 5,899 35,000 40,015 40,015 40,899 CtIRRENT ASSETS Stocks Debtors Cash at bank 477 6,191 49,662 477 6,191 67,531 847 7,099 104205 io 17,869 56,330 17,869 74,199 112,151 CRFDITORS Amounts falling due within on¢ y¢ar 11 (2.964) {2.964) (3,318) NET CURRENT ASSETS 53.366 17,869 71.235 108,833 TOTAL ASSETS LESS CURRENT LIABILITIES 93,381 17,869 111,250 149,732 NET ASSETS 93,381 17,869 111,250 149,732 12 Unrestrirted funds Restrict¢d funds 93.381 17,869 104,949 44,783 TOTAL FU[s 111,250 149.732 Th¢ charitable company is entitled to exemption from audit under Se¢tton 477 of the Companies A¢t 2006 for the year ended 31 De¢ember 2024. Th¢ members have not r¢quired th¢ company to obtain an audit of its fmancial statements for the year ended 31 December 2024 in accordance with Section 476 of the Compallies Act 2006. The trusiL'CS acknowledge th¢ir responsibilities for (a) ensuring that the cl)aTilable ¢ompaDy keeps accounting records that ¢ompty with Sections 386 and 387 of the Companie5 Act 2006 and (b) preparing fllmncial statements which give a true and fair viow of the 8tat¢ of affairs of the tharitable wmpany as at the end of each financial y¢ar al of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which othenvise comply with the r¢quirements of the Componies Act 2006 relating to fmancial statem¢nls. so far as applicable to the charitable company. The notes fonn part ofthese financial statements Page 8 continued...
OAKS COMMUNITY CHURCH BALANCE SIIEET - contlnued 31 DECEMBER 2024 Tbese financial statejnents have b¢¢n prepared in accordanc¢ with the provisions app]i¢abl¢ to charitable companies subject to the small companies regime. The financial statements wer¢ approved by the Board of Tnee8 alld authoriscd for issue on 27 September 2025 and were S]ed on its behalf by. ¢5 K P Scott - Trustee Tr notes forni part of these fiDan¢ial ststenK)its Page 9
OAKS COMMUNITY CHURCH NOTES TO THE FINANCTAL ST ATEMENrs FOR TKE YEAR EI¥DED 31 DEI CEMBER 2024 ACCOUNTING POLtciEs Basis of preparing the financial staterncnÉs The financial statetnents of the charitable company. Iwhich 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 Fitiancial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),. Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK alld Republic of ]reland' and the Companies Act 2006. The financial ststements have been prepared under the histori¢al ¢ost Conventio with the exception of investments which are included at makn value. Income All inLome is rognIsed in the Slalenwit of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received aDd the amount can be measured reliably. Donations Cash donations are brougbt into the financial statements upon receipt. Glft Aid tax which is reclaimable on thcse donations is r¢cognised on rec¢ipÈ of the donatio Government Grants Government grants are accounted for under the accnMls model. Coronavirus support revenue grants are reColS¢d in th¢ Stateni¢nt of Fin8nci81 Activities (SOFA) as other op¢rating income in the same p¢riod as the related cost5 for which the grant is intended to compensate. Coronavirus support anL$ which are receivable &8 compensation for expenses or losses already incurrel or for the pu0 of giving in]mcdiate financial 8UPPOrt with no future related costy are recolSed in other operating income in the period all eligibility criteria ar¢ met. Legaci¢s Incoming legacies are included gross in the Statement of Financial Activities (SOFA) when the charity is entitled to th¢ incom¢ at th¢ dal¢ of probate providod gutricient infornmtion has been received to value th¢ charity's entitlement. Pecuniary legacies are recognised as receivable once probate has been granted aDd notification bas been received. Residuary legacies are recognised as receivable once probat¢ bas been granted and they can be valued with reasonable certainty. Expenditure Liabilities are recognised as expendilure as soon as there is a legal or constructive oblftgation Committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in sclllcment and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and bas been classified under headings that aggregate all cost related to the category. Where costs ¢annot be directly attributed to particular headings they have been allocated to tIVItIeS on a basis consistent with the use of resources. Tanglble flxed assets DeprKiation is provided at the following annual rates in i)rder to writs off each asset over its estimated use1 Plant and machinery Fixtures and fittings 150/(* on reducing balance 15 % on reducing balance Stocks Stocks are valued at the lower of cost aud net realisable value, after making thi¢ allowan¢¢ for obsolete and slow moving itenll. Taxation The charity is exempt from corporation t&x on its charitable activities. Fund a¢counllng Unrestricted fimds Can be used in accordall with the charitabl¢ objectives at the dis¢retion of the Council members. Page 10 continued...
OAKS COM[UNy CHURCH NOTES TO THE IryNANCIAL STATEMENfs - contin FOR THE YEAR EM)ED 311)ECEMBER 2 24 ACCOiiNTING POLICIES- CODtIDu¢d Fund accountiug Restricted funds can only be used for particular restricted purposes within the objects of the cl]aritable company. Restrictions arise when specified by the donor or wh¢n funds are raised for partiCar restricted purposes. The Council makes transfers between fimds when exp¢nditure of a restricted nattwe is to be met from more than one type of fi{L The maximum l¢v¢l of these transfers is agreed by th¢ Couucil prior to the expenditure. explanation of the natur¢ and purpose of each fimd is included in the notes to the financial statements. Hire purehase and leaslng eommltments Rentals paid und¢r operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. Penslon cojts and other post-retir¢ment beneflts The charitable company opcrales a dcfined contribution pen8ion schell. Contributions payable to the charitable company's peD5ion schell are charged to the Statement of Finallcial Activities ill the period to which they relats. INVESTMEIYT IIYCOME 31.12.24 31.12.23 Deposit account Interest Curr ass¢t inv in¢om¢ 234 1,400 502 1,488 1,634 1.990 NET INCOMEI(EXPENDITURE) Net illcomel{expenditure) is stated after ¢lwgin(CrcdItg). 31.12.24 31.12.23 Depreciation - owned assets Other operating leases 884 26,331 1.040 26,858 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remunerdtlOD or other benefits for the year ended 31 December 2024 nor for the year ded 31 December 2023. Trusttts, expenses There were no trustees, expenses paid for the year ended 31 Dember 2024 nor for the yeaT ended 31 D¢cember 2023. Pagell continued...
HURCH OTES TO THE FINANCIAL STATEMENfs - continued AR ENDED 31 DECEMBER 2024 STAFF COSTS Th¢ average nwnber of employees during th¢ year wag 3 (2023: 3) No employees r¢ceived emoluments in excess of £60,000 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Rastricted fimds Total funds INCOME AND EIYDOWMENfs FROM Donations and legacies 80,010 80,010 Charitable activltles Shop 4,445 4,445 Investment income 1.990 1,990 Total 86,445 86.445 EXPENDITURE ON Cbarffitvdble actlvltles Shop Chvrcb costs 6,486 72,677 13,091 13,119 19,577 85,796 Total 79,163 26.210 105,373 NET INCOME/(EXPEI¥DfTuRE) 7282 (26,210) (18,928) RECONCILIATION OF FUNDS Totsl funds brought fonvard 97,667 70.993 168,660 TOTAL FUNDS CARRtED FORWARD 104,949 44,783 149,732 TANGIBLE FIXED ASSETS Fixtures and fittings Plant and machinery Totals COST At l January 2024 and 31 Dvxmber 2024 22,186 5,332 27,518 DEPRECIATION At l January 2024 Charge for year 16,890 794 4.729 90 21,619 884 At 31 December 2024 17.684 4,819 22.503 NET BOOK VALUE At 31 December 2024 4,502 513 5,015 At 31 December 2023 5296 603 5.899 Page 12 ontinued...
OMMUNITY CHURCH NOTES TO THE FtNANCIAL STATEMENTS . contlnved FOR THE YEAR ENDED 31 DECEMBFR 2024 FIXED ASSET INVESTMENTS 31.12.24 31.12.23 35,(M)O 35,000 There wer¢ no investment assets outside the UK. Inve&tments (neither listed nor unlisted) were as follows: 31.12.24 31.12.23 Green Pastures Loan Stock 35,000 35,000 STOCKS 31.12.24 31.12.23 Stocks 477 847 10. DEBTORS: AMOUNTS FALLllYG DUE WITHIN ONE YEAR 31.12.24 31.12.23 Prepaym¢nts and awrued income 6,191 7,099 ii. cREDORS. AMOUNTS FALLING DUE WITHllY OIYE YEAR 31.12.24 31.12.23 Trade creditors Accruals and deferred incon 336 1628 1,074 2.244 2,964 3,318 12. MOVEMENT IN WUNDS Net movernent in fullds At 31.12.24 At 1.1.24 Unrestricted funds General fimd 104,949 (11,568) 93,381 Re$*ricted funds Building fimd 44.783 (26,914) 17,869 TOTAL FUNDS 149,732 (38.482) 111250 Page 13 continued...
OAKS COMMUNfTY CHURCH NOTES TO THE FINANCIAL STATEME - THE YEAR ENDED 3 DECEMBER 2024 ued 12. MOVEMENT IN FUNDS - ¢ontinued Net movement ID fimds. included An the above are as follows: Incoming Resources resources expended Movement in funds Unrestricted funds General fund 69238 (80,806) (11,568) Restrlcted funds Building fuud (26,914) (26.914) TOTAL FUNDS 69238 (107,720) (38,482) Comparative5 for movemeDt In funds Net ovement in fijnds At 31.12.23 At 1.1.23 UDrestricted funds General fund 97,667 7.282 104,949 Rcstrlcted funds BuildiDg fund 70,993 (26,210) 44,783 TOTAL FUNDS 168,660 (18,928) 149,732 Comparative net nvement in fimds, inrlud¢d in tho above as follow5: Incoming resources Resour¢es exp¢ndea Mov¢ment in funds Unrestricted fllnd# G¢neral fund 86,445 (79,163) 7,282 Restrlcted funds Building fimd (26,210) (26210) TOTAL FUNDS 86,445 (105,373) (18,928} Restricted fimds The Building Fund COEL8iSts of donations towards the purchase of a new building and accommodation costs. As the objectives are now clearEy not achievable. the Fund is being put towards the accommodation costs of the Chwth and the Shop. Page 14 continue&..
OAKS COIVIMUNITY CIIURCH TE THE FINANCIAL STATEMEIYTS - contlllued FOR THE YEAR EIYDED 31 ECEMBER 2 13. CAPITAL COMMrrMENTS 31.12.24 31.12.23 Contracted but not provided for in the financial statements 46,426 46.426 IÉL OTHER FINANCIAL CoMMTTTs The internal policy of the Oaks Con]murrity Chur¢h is to distribute at least IO% of the previous years general donations. Jn 2025 the church plans to distribute £6,302. 15. RELATED PARTY DISCLOSURES Tb¢r¢ w¢r¢ no relatsd party transactions for the year ended 31 December 2024. 16. COIVIPANY LIMITED BY GUARANTEE The liability of each member is limited at £1. At 31 Der¢mb¢r 2024 tbere were 2 members (2023 - 2). Page 15
OA DETAILED STATEMENT F FINANCIAL ACTIVTfiE FOR THE YEAR EM)ED 31 DECEMBER 2024 31.12.24 31.12.23 Donatlons and legacles Donations 63.027 80,010 Investment Income Deposit account interest Curr asset inv income 234 1,400 502 1,488 1,634 1.990 Chiritable aetivities Shop incon 4.577 4,445 Totgl incoming resour 69,238 86.445 EXPENDITURE Charitable aetlvltleg Wages Pensions Other operating leases Rates and water Insurance Light and heat Telephone Sundries Donydtions to missions Dues & SUbrIPtIOnS Cleaning Social events costs Pur¢has¢$ Bank Cbarges Licenc&% Repairs and renewaly Speakers costs Plant and rnachinery Fixtures and fittings 55,686 1,509 26,331 583 1,475 2,326 1.572 1,026 8,101 54,380 1,487 26,858 459 1,425 2,860 1,508 688 6.613 180 225 2,19l 555 235 1,081 1,038 150 934 106 155 1.631 2,325 244 1.139 349 200 794 90 105.536 102,973 Support costs Governanee costs IndepeThdeTht ¢xaminers fees 2,184 2,400 Total re8ouree% expended 107,720 105.373 Net expendlture (38,482) (18,928) This page does not forni part of the statutory financial statellts Page 16