Registered Charity Number: 1096161 Company number: 04649135 Meadowhead Christian Fellowship ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS For the year ended 31 March 2025
Meadowhead Christian Fellowship Contents Page Legal and administrative information Trustees, annual report Independent examiner's report Statement of financial activities Balance sheet io Notes to the accounts 11-18
Meadowhead Christian Fellowship Legal and administrative information for the year ended 31 March 2025 Trustees K Dunning C L Simpson A J Hollingum G Ince N Lugg Company secretary C Simpson Key management N Lugg Senior Pastor S Bodey Church Administrator Charity number 1096161 Company number 04649135 Registered office The Circle 33 Rockingham Lane Sheffield SI 4FW Accountants Seven Hills Accountants Limited 57 Burton Street Sheffield S6 2HH
Meadowhead Christian Fellowship Trustees. annual report For the year ended 31 March 2025 The trustees are pleased to present their annual directors. report together with the financial statements of the charity for the year ended 31 March 2025 which are also prepared to meet the requirements for a directors, report and accounts for Companies Act purposes. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and the charities Statement of Recommended Practice (applicable to charities preparingtheiraccounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland; FRS 1021 issued in October 2019. Structure Governance & Management The organisation is a charitable company limited by guarantee, incorporated on 27 January 2003 and registered as a charity on 24 February 2003. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In event of the company being wound up, members are required to contribute an amount not exceeding £1 each. The charity employs a Senior Pastor who is accountable to the Trustees and who is responsible for the day to day running and management of the Charity's work. In addition, the Charity currently employs four part-time staff, an Administrator, a Community Outreach & Pastoral Worker and two Eden Team leaders Iwhojob share). The Senior Pastor is also the chair of a Senior Leadership Team ISLT) made up of, currently, four people two of whom are Trustees. The SLT normally meet on a weekly basis and along with the Senior Pastor are responsible for organising church meetings, pastoral care and spiritual direction. When necessary, the Charity will recruit and appoint Trustees in accordance with clauses 31-36 of its Articles of Association. The company's policy in respect of recruitment of trustees, is that anyone who is supportive of the Objects of the company and subscribes to the Statement of Faith would be eligible to be a trustee of the Charity always provided that their appointment is in accordance with clauses 31 to 36 of the Articles of Association. The company does not have a specific training programme for trustees but will rely on using the services of specialist training providers as and when required. Objects and activities The charity's objects are to advance the Christian Faith in Norton, Sheffield and in such other parts of the United Kingdom orthe world as the Trustees may, from time to time, think fit, and other such purposes, which are exclusively charitable according to the law of England and Wales and are connected to the charitable work of the Charity. When planning our activities for the year, the trustees have considered the Commission's guidance on public benefit, and particularly the specific guidance on charities for the advancement of religion.
Meadowhead Christian Fellowship Trustees. annual report- continued For the year ended 31 March 2025 Objectives and Activities- continued The charity has its base in the Jordanthorpe and Batemoor housing estates. The Charity's premises (freehold and leasehold) are located on the Jordanthorpe shopping precinct and from there we provide a range of services for members and the wider community- These include, but are not limited to: Church services Small groups which serve both a spiritual and social purpose Prayer groups and Bible studies Mum and Toddler group Children and youth work Services/groups at 2 supported living accommodation centres Hosting a local foodbank {Grace Foodbank, Charity Number 1156760) which distributes food and provides advice and support for local clients. A week-long summer Holiday Club" for primary school age children A debt, benefit, housing and form-filling advice session {Edge Advice Centre) 'Drop-ins for people to have a drink and a chat Pilates / Zumba exercise sessions {ceased in October 2024) Running a Clothes Bank (that serves people city-wide) An adult community social evening Meadowhead Christian Fellowship {MCFI uses its resources to raise the awareness of the local community to the facilities and services offered by the church. When considering the activities offered MCF has had regard to the Charity Commission's guidance on public benefit, particularly the advancement of religion. In formulating its activities MCF calls people to express their personal faith in obedience to Jesus 'commandment to (i} Love the Lord our God with all our heart and mind and {ii) to love our neighbours as ourselves. MCF is delighted to welcome anyone- regardless of their nationality, ethnicity, religious or social background. In fact, we celebrate our calling to welcome, in Christ's name, every tribe and language and people and nation" (Revelation 5.9) MCF continues to support worldwide mission to meet the practical and spiritual needs of the poor and needy in poorer communities- mainly in Africa and Asia.
Meadowhead Christian Fellowship Trustees. annual report- continued For the year ended 31 March 2025 Achievements in the year MCF has grown over a period of years- in both the number of people who attend church services and consider themselves to be members of MCF and in the range of activities which serve the communities of Jordanthorpe and Batemoor. The acquisition of No 146 Dyche Road in early 2023. opens the door for MCF to serve the Batemoor and Jordanthorpe communities more effectively, building on the firm base established over the previous 20-30 years and relieve the pressure on space which had become a constraint. The next stage of the project will see the charity developing No 146 to meet the needs around us, with support from partners and funders. Work has already begun, but will continue for at least the next two years, possibly longer. Underpinning all this, is a strong two-fold vision to love God and our neighbour, recognising that God loves people and cares for the needy. As Psalm 146.7 puts it: He upholds the cause of the oppressed and gives food to the hungry. The Lord sets the prisoners free, the Lord gives sight to the blind. Prayer is a vital component of our life and mission. the engine room behind all our activities. and so we have encouraged prayer in many forms, including a popular What's App group and in person meetings. The Charity's main income comes from donations given by individuals. The trustees recognise that this income is not guaranteed and will be affected by our supporters"life-events" and the wider economic context. But we were greatly encouraged by the resilience and steady growth of the church's income. Following thorough investigation and discussion the church entered an informal partnership with The Eden Network which is part of The Message Family Iwww.message.org.ukl, an independent Christian Charity based in Manchester with hubs across the UK. This partnership has enabled us to establish a team, headed by part- time employees of MCF, to share the gospel, make disciples and rebuild communities. In the summer of 2023, the previous senior pastor, who had led the church for over 30 years, partially retired to take on a new part-time role as an Assistant Pastor in MCF and hand over the duties and responsibilities of leading the church to his successor. He retired fully in August 2024.
Meadowhead Christian Fellowship Trustees. annual report- continued For the year ended 31 March 2025 Reserves Policy The Charity has also reviewed its Reserves Policy and is satisfied that its reserves are adequate. The trustees have set the target free reserves required at £45,000 to allow for three months, expenditure on salaries plus redundancy payments Ishould they be required). Free resee5 (unrestricted funds excluding fixed assets) were £485,955 at the end of the year {2024: £487,100). The normal policy of the Trust is to use its resources to further the objectives of the Charity and not therefore to hold excessive reserves. However, at the present time because of the proposed improvements to No 146, we may hold cash in anticipation of planned building works. The trustees continue to receive monthly account summaries which inform them in a timely manner of any trends that may require a managed response. Lease Arrangements and Acquisition of Land The charity purchased the Freehold of Unit 3 during 2018. Unit 2 remains within the Fixed Asset Register as a Leasehold interest. The Unit 2 Lease contained tenant only break clause provisions which MCF decided not to implement as Unit 2 is in regular use for a range of charitable activities. The charity also purchased the Freehold of the property known as 146 Dyche Road at auction in December 2022, with completion in mid-january 2023. This came with an existing sub-lease of a small side-building which is let to a commercial business who were holding over on the existing lease. The cost of the purchase of No 146 was met from reserves and by generous giving from the members of MCF. Risk Management The Charity has compiled, and updates a Risk Registerto help to identify potential risks and its level of exposure to them. Finances are reviewed regularly. The treasurer produces and distributes to the trustees, a monthly report identifying the income, expenditure and fund balances. Thus, the trustees have an up to date understanding of the charity's financial position and a feel for any developing trends which may occur.
Meadowhead Christian Fellowship Trustees. annual report- continued For the year ended 31 March 2025 Risk Management (continued) The main associated financial risks to the Charity are its commitment to employees and the day-to-day running costs of our premises on the Jordanthorpe housing estate. The Charity is also engaged in a significant development project at 146 Dyche Road to create a community hub from what was originally a public house. The property was purchased outright in January 2023 and significant effort has, and is, being invested in the development of plans, fund raising and a tender process to ensure that the project can be delivered effectively The trustees of MCF manage and maintain a full set of policies to ensure the church operates under appropriate governance and controls. Of note are- The Risk Re ister- this covers major risks to the operation of MCF. Risks are identified, assessed and ranked. Even low risk areas are noted. Safe uardin through the many services the church provides, MCF regularly works with children and adults at risk of harm. Safeguarding is of paramount importance, and we are committed to following government legislation. We are members of thirtyone:eight {one of the UK'S leading independent safeguarding specialists) and commit to follow their guidelines and recognised good practice on safeguarding for both children and adults at risk of harm. There is a comprehensive safeguarding policy in place and 2 safeguarding officers at MCF. Leaders and helpers in all groups that engage with children or vulnerable adults are regularly trained on the policy and processes and all are DBS checked to the level appropriate to their role. Investment Powers, Policy and Performance The Trust's policy is to invest its resources in the pursuit of its objectives that requires the employment and support of appropriate individuals. The Trust does not generally make long-term investment commitments and aims to deploy its funds without unnecessary delays. The Trustees, in consultation with the church's pastoral leadership, make decisions relating to grants on the merit of each case and considering the financial position of the Trust.
Meadowhead Christian Fellowship Trustees. annual report- continued For the year ended 31 March 2025 Trustees. responsibilities in relation to the financial statements The charity trustees (who are also the directors of the charityforthe purposes of company law} are responsible for preparing a Trustees, annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies. Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the group and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In preparing the financial statements, the trustees are required to: Select suitable accounting policies and then apply them consistently. Observe the methods and principles in the Charities SORP. Make judgements and estimates that are reasonable and prudent. State whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and the group and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charivs website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements. Small company provisions The company has taken advantage of the small companies 'exemption in preparing the report above. The trustees 'report was approved by the board of trustees on 20 October 2025 Signed on their behalf by: 50 Name: C L Simpson Trustee/Director
Independent examiner's report to the directors of Meadowhead Christian Fellowship ('the Companv,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025. Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company law} you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Act'l. Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145151 Ib) of the 2011 Act. Independent examinerfs statement Since the Company's gross income exceeded £250.000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm 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 the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view which is not a matter considered as part of an independent examination: or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: Susan Cochrane, FCA, DChA Seven Hills Accountants Limited 57 Burton Street Sheffield S6 2HH 22 Oct 2025 Date..
Meadowhead Christian Fellowship Statement of Financial Activities (incorporating an income and expenditure statement) for the year ended 31 March 2025 Unrestrirted funds Restrirted funds Total Unrestricted Restricted 2025 funds funds Total 2024 Notes Income from: Grants and Donations Charitable activities Investments - bank interest 182,333 21,999 6.280 250.344 432,677 21,999 6.280 529,489 12,175 2,489 94,259 623,748 12,175 2,489 Total income 210,612 250,344 460,956 544,153 94,259 638,412 Expenditure on: Raising fund5 Charitable activities 6,090 213,309 6,090 261,786 223,025 45,266 268,291 48,477 Total expenditure 223,025 45.266 268,291 219,399 48,477 267,876 Net income/(expenditure) (12,413) 205.078 192.665 324,754 45,782 370,536 Transfer between funds 14 151 3.615 13,6151 Net movement on funds (12.418) 205.083 192,665 328,369 42.167 370,536 Total fund brought forward 890,717 SI69 942,586 562,348 9,702 572,050 Total funds carried forward 878,299 256,952 1,135,251 890,717 51,869 942,586 The statement of financial activities includes all gains and losses recognised in the year.
Meadowhead Christian Fellowship Balance Sheet as at 31 March 2025 2025 2024 Notes Fixed assets Tangible fixed assets io 392,344 403,617 Current assets Debtors Cash at bank and in hand Total current assets li 257,984 491,823 749,807 241,040 306,714 547,754 Creditors.. amounts falling due within one year 12 16,9001 18,7851 Net current assets 742,907 538,969 Total assets less current liabilities 742,907 538,969 Creditors.. amounts falling due after more than one year Total net assets 1,135,251 942,586 Funds of the Charity Designated funds General funds Unrestricted funds Restricted funds 13 5,517 872,782 878,299 256,952 6,048 884,669 890,717 51,869 14 Total funds 15 1,135,251 942,586 For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The director's acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to small companies, regime and in accordance with FRS102 SORP. The financial statements were approved and authorised for issue by the Board on 20 October 2025 and signed on their behalf by- CLS, Name.. C L Simpson Trustee/director io
Meadowhead Christian Fellowship Notes to the Account5 for theyear ended 31 March 2025 l Accounting Policies lal General Meadowhead Christian Fellowship is a charitable company in the Unwted Kingdom limited by guarantee. In the event that the charity is wound up, the liability in respect of the guarantee is limited to £10 per member of the charity. The address of the registered office is given in the charity information on page l of these financial statements. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance the Financial Rewrting Standard applicable in the UK and Republic of Ireland IFRS 1021 Isecond edition), the Financial ReportinE Standard applicable in the United Kingdom and Republic of Ireland IFRS1021 and with the Charities Act 2011. The financial statements have taken advantage of the exemption to prepare a Statement of Cash Flows. Meadowhead Christian Fellowship meets the definition of a public benefit entity under FRS 102. The financial statements are prepared under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the charity and are rounded to the nearest £. Ib) Income Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the itemlsl of income have been met. it is probable that the income will be received and the amount can be measured reliably. Income received in circumstances where a claim for repayment of tax has been or will be made to HM Revenue & Customs is grossed up for tax recoverable. Any amount of tax recoverable from HM Revenue & Customs bLrt not received at the year end is shown within the charity's debtors. Legacy income is recognised either upon receipt of where the receipt of the legacy is probable and the amount of the legacy can be reliably estimated. The charity has relied Significantly upon volunteers in carrying OLrt its activities during the year. In accordance with paragraph 6.18 of the SORP, the role of volunteers has not been recognised as income from donated services in the accounts. Icl Expenditure Expenditure is recognised once there is a legal or construrtive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Irrecoverable VAT is charged as a cost against the actwity for which the expenditure was incurred. Id) Grants payable Grants payable are provided for at the earlier of when they are paid or become constructive obligations. The charity provides pastoral support, mission support and donation in the UK and around the world. Where a particular individual/organisation has been supported by the church for a number of years, strict compliance with the Charities, Statement of Recommended Practice ISORPI may regard some arrangements as constituting constructive obligation5 such that future years, support is accounted for in these accounts as a liability. Whilst the support has no final end date, the trustees assess support on an annual basis and are confident that the those supported would not view their support as an open ended obligation on the part of the charity. The annual commitment only is accounted for in these financial statements. lel Fund accounting Unrestricted funds are donations and other income receivable or Eenerated for the objects of the organisation without further specified purpose and are available as general funds. Restricted funds are either donations which the donor has specified are to be used solely for particular areas of the charity's work or grant income sought for specific activities. li
Meadowhead Christian Fellowship Notes to the Account5- continued for theyear ended 31 March 2025 lfj Tangible fixed assets ond depreciation Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off cost of those assets less their residual value, over their expected useful lives on the following basis.. Freehold property Leasehold property Fixtures, fittings and equipment 2% reducing balance Straight line 25% Straight line Igl Trade debtors Trade debtors are amounts due from customers for services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors Is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of receivables. (h) Trade creditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. AccoLJnts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve morbths after the reporting date. If there is an unconditional right to lil Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. til Defined contribution pension scheme The charity contributes to a defined contribution pension scheme for the benefit of the employees. The pension costs charged are the contributions payable to the scheme in respect of the accounting period in accordance with FRSIO2. Ikl Taxation The charity's activities fall within the exemptions afforded by the provisions of the Income and Corporation Taxes Act 1988. Accordingly, there is no taxation charge in these accounts. 111 Going concern The financial statements have beerb prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. 12
Meadowhead Christian Fellowship Notes to the Account5- continued for theyear ended 31 March 2025 2 Income from grants and donations Unrestrirted funds Restrirted funds Total 2025 Unrestricted Restricted funds funds Total 2024 Tithes and offerings Legacies Mission donations Other donations Youth work Grants: The Terminus Initiative Steardship Services Warm Welcome Grant SCC Ward pot The Message Trust Bupa Foundation Green Community Grants Garfield Weston The Benefact Trust Heeley City Farm South Yorkshire Community Foundation The Fyrish Foundation CIO The P27 Trust 181.708 58.218 239.926 213.774 315,000 213,774 315,000 14,603 11,590 715 18,622 6.937 18,622 6,937 625 14,603 11,590 625 715 500 1,000 1,482 23,184 500 1,000 1,482 23,184 750 15,72S 1,8(Kl 750 IS.725 1.800 40,000 40,000 i(KJ.000 650 2,642 20,000 25.000 100.000 650 2,642 20,000 25.000 1,500 400 1,500 400 182,333 250,344 432,677 529,489 94,259 623,748 3 Income from charitable ortivitie5 Unrestrirted funds Restrirted funds Total Unrestricted Restricted 2025 funds funds Total 2024 Other activities 21,999 21,999 12,175 12,175 21,999 21,999 12,175 12,175 13
Meadowhead Christian Fellowship Notes to the A¢counts- continued for the year ended 31 March 2025 4 Expenditure on Charitable Activities Unrestrirted funds Restrirted funds Total 2025 Unrestricted Restricted funds funds Total 2024 Note Staff costs Pastoral support Youth work and social expenses Ministry and resources Mission support and donations Establishment costs Office expenses Professional fees Depreciation 120.576 12,170 11,057 2,207 8.035 44.370 3,849 5,679 15.082 17.754 800 138.330 12.970 15,603 2,215 26.657 45.457 3,903 8,074 15.082 121,238 15,224 9,839 3,686 6.587 30,385 2,855 5,376 18,119 15.306 9,745 2,857 118 14.603 1,000 173 4,675 136,544 24,969 12,696 3,804 21.190 31,385 3,028 10,051 18,119 4.546 18.622 1,087 54 2,395 223.025 45.266 268,291 213,309 48,477 261,786 5 stsff costs 2025 2024 Salaries Employer's National Insurance contributions Employer's allowance Employer's pension contributions 129,435 11,038 15,0001 2,857 128,351 10,808 15,0001 2,385 138.330 136,544 No employee receives emoluments in excess of £60,000. The average monthly numbers of employees during the year for pastoral provision and administration was 512024.. 61- 6 Trustee remuneration and expenses, and the cost of key management personnel One charity trustee was paid £52,508 from employment with the Charity in the year12024'. £45,3031. Two trustee were reimbursed expenses of £1,248 during the year12024'. £1.6201. No charity trustee received payment for professional or other services supplied to the charity12024.. £nill. The key management personnel of the charity, comprise the trustees, Senior Pastor and Church Administrator. The total employee benefits of the key management personnel of the charity were £89.65412024'. £98,382). 7 Related Party Transartions Trustees, key management and their close family gave £32,71012024- £32,240lunrestricted donations and £28,46912024- £5,370) restricted donations during the year. The husband of Mrs K DunninE, trustee, was employed by the charity during the year. He received £16,208 12024.. £33,583) remuneration. Mrs K Dunning is not part of the remuneration committee which is made up of the other trustees and she is therefore not involved in any discussions or decisions regarding her husband's terms of employment. N Lug& a trustee, is also a trustee of CICA UK. DurinE the year mission support of £1,63012024.. £1,423) was paid to CICA UK. There were no other related party transactions during the year. 14
Meadowhead Christian Fellowship Notes to the Account5- continued for theyear ended 31 March 2025 8 Expenditure on charitable activity- pastoral sUPPQrt, mi55ion 5UPPOrt and donations Pastoral ion support Support I donation5 2025 Total Support of individuals 11.335 5,026 16,361 Support of organisations Flag Church, India Philippine Outreach Centre Ministries- Philippines CICA UK- Africa Echoes International 3,613 4,273 1,630 3,722 2,662 3,437 1,794 500 26,657 3,613 4,273 1,630 3,722 2,662 3,437 1,794 2,135 39,627 Jehovah Jireh Ministries Raj Ministries, India Lordsway Donations under £l.(KX) in the year 1,635 12,970 In the year ended 31 March 2024 total expenditure of £44.659- £24,969 pastoral support, £21,190 mission support and donations. 9 Independent examination fees 2025 2024 Included within professional fees is the following: Independent examination fee 2,127 2,070 No other fees were paid to the independent examiner's organisation. 10 Tangible fixed assets Freehold Land and Buildings Leasehold Ires, fittings Property Equipment Total Cost As at l April 2024 Additions As at 31 March 2025 424,210 3,809 428.019 44,101 55,492 523,803 3,809 527,612 44.101 55.492 Depreciation As at l April 2024 Charge this period As at 31 March 2025 30,565 7.949 38,514 40,403 3.323 43,726 49,218 3,810 53,028 120,186 15.082 135,268 Net book value As at 31 March 2025 389.505 375 392.344 As at 31 March 2024 393.645 3.698 403 617 11 Debtors 2025 2024 Other debtors Income tax recoverable under gift aid Prepayments 215,000 41,009 1,975 215,000 23,609 2,431 257 984 15
Meadowhead Christian Fellowship Notes to the Accounts- continued for theyear ended 31 March 2025 12 Creditor5: amounts falling due within one year 2025 2024 Other taxes and social security Accruals 1,859 5,041 2,495 6,290 13 Unrestricted funds Balance at l-Apr-24 Balance at 31-Mar-25 Income Expenditure Transfer Designated funds Other activities- Parish Nursing Building fund 16,0481 13,8091 19,8571 9,852 9,326 9,326 201,286 210.612 5,517 5,517 872,782 878 299 6,048 884,669 890.717 General Funds 1223,0251 223.025 Other activities- Parish Nursin Funds were designated by the trustees for the support of the Parish Nursing Initiative. The funds were transferred to general funds on the cessation of the initiatNe. Buildin fund The fund represents income designated for building costs. The transfer represents buidling costs that have been capitalised in the accounts. Prior year Bt71t7nce at l-Apr-23 8alt7nce ot 31-Mar-24 Income Expenditure Transfer Desionotedfvnds Other activities- Parish Nursing 3,378 3,378 558.970 562.348 2,670 2,670 945 6,048 6,048 884,669 890. 717 Generol Funds 544,153 544.153 (219,399) 219.399 16
Meadowhead Christian Fellowship Notes to the Account5- continued for theyear ended 31 March 2025 14 Restrirted fvnds Balance at l-Apr-24 Balance at 31-Mar-25 Income Expenditure Transfer Mission fund Building fund Edge Centre Eden Project Other activities Restricted gift fund 18,622 203.218 3,792 18,425 3,805 2.482 {18,6221 40.0(KI 1,130 7,658 3,081 243,218 1,789 8,176 3,769 13,1121 117,9071 12,817 12,8081 1211 13001 326 51.869 250,344 45,266 256,952 Mission fund The fund supports pastoral and welfare work. Buildin fund The fund represents restriction donations in respett of property purchase and related building costs. Ed e Centre Funding to support the Edge Centre at MCF which provides benefits advice. debt advice. housing advice. form filling support and other related advisory services to people primarily in the S8 catchment area of Jordanthorpe, Batemoor and Lowedges. Eden Pro ect Funding to support the establishment of a team in the local area. headed by part time employees of MCF. to share the gospel, make disciples and rebuild communities. Other activities Other activities restricted fund includes a clothes bank and volunteer training and development. The transfer represents costs to be allocated to the restricted fund. Restricted ift fund Includes donations to provide a retirement gift for the retiring senior pastor. Prior year Balance at l-Apr-23 Balance at 31-Mar-24 Income Expenditure Transfer Mis5ionfvnd Buildingfund Edge Centre Eden Project Other activities Restricted giftfund 14.603 40,000 2,127 23,684 4.100 9, 745 {14.603J 40,000 1,130 7,658 3,081 3, 748 14, 740) (16,026} (3.363) 13,610) (9,745J (5) 5.954 9. 702 94,259 48,477 3,615 51,869 17
Meadowhead Christian Fellowship Notes to the Account5- continued for theyear ended 31 March 2025 15 Net assets by fund Unrestrirted funds Restricted funds 2025 Unrestricted Restricted Total funds fund5 2024 Total Tangible fixed assets Current assets Current liabilities 392.344 492.855 16,9001 392,344 749.807 16,9001 403,617 495.885 f8, 785) 403,617 547. 754 {8, 785) 256.952 51,869 878.299 256.952 1.135.251 890, 717 51,869 942,586 16 Operating lease commitments At 31 March 2025 the charity was committed to making the following payments under other operating leases as follows.. 2025 2024 Operating lease payments payable: Within I year Within 2 to 5 years More than 5 years 7,200 28,200 7,200 28,800 6,600 42,600 35,400 18