MYTON CHURCH Charity Registration Number- 1098033 REPORT AND FINANCIAL STATEMENTS For the year ended 31 December 2024
MYTON CHURCH Charity Registration Number- 1098033 REPORT AND FINANCIAL STATEMENTS For the year ended 31 December 2024 CONTENTS Page General Information Trustees, Report Independent Examinerfs Report Statement of Financial Activities Balan Sheet Notes to the Financial Statements 7-10
Page 1 MYTON CHURCH GENERAL INFORMATION 31 December 2024 Charity Registration Number- 1098033 Trustees M Boyd (Chaimian) B G Harding M D Sherratt T G Reynolds T G Carter Treasurer N Preston Address Jubilee House Westlea Road Leamington Spa CV313JE Independent Examiners Burgis & Bullock Chartered Accountants 23-25 Watedoo Pla Leamington Spa CV32 SLA Principal Bankers CAF BANK Limited Kings Hill West Malling Kent ME19 4TA
Page 2 MYTON CHURCH TRUSTEES. REPORT The trustees present their report and financial statements lor Ihe year ended 31 De¢ember2024. Structure, Governance and Management Myton Church is an unincorporated tharity constluted underadedarats'on oftrusl dated 10th DÈC 21X)2 as amended by deed of variation of 10th July 2003 (Charty no. 10980331 and is an independent fellowship of Christian8 in Warwick, Leamington Spa and surrounding areas. The present trust was fomied on 10 December 2002 bul thè Church can trace ils history for over 100 years. The trustees are assisted in the day-to4ay care and running of th8 Church by a body of Elder5 comprisiryj the trustees. E J Mcmillen and N Rhards. The Trustee5 invite other members of the Church fellowship to join them as the needlopptsrtunity artses. Such invitstions have the general ¢onsensus of the fellowship. Indu¢b"on to the role of trustee and ttainin9 are provKled on a personal basis as appropriate. The Irust8es nomially meet at l&asl monthty as Ihe body of Ekler8 ar 81so Schedu meeting8 each y88r for more det8i18d financial and policy matters. All meetsngs 8re fijlly recrded wrth Car deasions and action points. The trustees have a comprehensive annual programme to ensure that poliaes and procedur85 are regulady updated and reviewed. Legal advice is sought when rcessary. A gIster of trustee5' InteSts is held to ensure thal there a no conflicts of inte$t. This 15 updated regularfy. Related party Issues are fulty declared in the financi31 ststements. The trustees have a clear procedure that rf there is a potential conflict of inte1 on any matter, Ihe trustee with the potenb.al COAllict of interest Is asked to leave the room and take no part in the debate or deusion. The Church has five employees b¥0 of whom are E J m¢liln and N Richards. 1¢ 1$ heavity dependent in all it$ activities on help vdunlarity gNen by meMtr$ of Ihe fellowship. The Church's Cent of activity during th8 year was JubiK House, Wes¥ea Road, Learnington Spa. Sunday moming ser¥ice5 and other activities now lake place in The Weslbury Cantre, W8ska Road, L¢aminglon Spa which adjoins Jubikg Hous8. AdMIntratiVe details arg 8et out on page 1. The trustees updated their revwof Ih•majornskstowhi¢h thts Churd) Is exposed and the systems and procedures that have been estsbli$hed lo mitigate Ihose risks. All major Insurab f6ks are subject to nomial churches and 6mployar'$ Insurane•. C¢)ntraeiual risks ar• r•viewed befor8 being eniofed into to as$5 that th•y ¢knuld not significantly aifversely Impact upon t1 Church's ability to luifil rts obJecbv8S. Objectives and Activities The pnmary aim of Myton Church Is Ihe promotion and advaneement of the Chnstian faith both In the United Kingdom and overseas with the advancement for tTr public benefit of reli9ious or ollr educabon and the relief of the aged, poor. sick or ¢isabled. In the &ble tTr church was a community ol people whose lives had been changed by Je$u$ Christ, the Son of Gocl. They were ¢(Mmmrtted lo serve and lo follow Him and In so doing to bnn9 ble$$ing and benefrt to those around them by ¢Joing gcM)d aTh# by teaching the d¢xtrines of the Christian faith. Believing that the same principles hold good today. Mylon Churth seeks lo follow them with the vision of seeing people Qf 011 age$ and nationalities and from all walks of lrfe corne into the 8XFerience of knowing Jesu5 Christ as their Lord, Saviour and Friend. The Church has 8 rangt olathvrties with an open Invitatn to 811 whowish 10 e¢me. Somè are general. others are special interest or age group speofic all a wth a view lo shann9 the benefrt of the Christian faith. These activities and events affj publL8hed on the Church's websrte". Inviiall$ 10 speual events are distributed in the area and use 1$ also made of the I81 pre$$. The folk)n9 Is a bnef summary". Sunday moming seryices are held In the Wastbury Ctsntre. They seek 10 bfiNJ relfrvant Bible leaching and friendship for the whok famity an(J cater for all ayes in the provts1 of separate crècl, chiléren's ané youth activities. The fomial meetings are followed by a time of Infomial shann9 1(¥Jether providing opportunity for friendship anLI help on an Indwidual basis. TTr slaY momiry teachin9 is available for f dohvnload from the Church website. The Church plaos a lot of emphasis on seeking to Krnote the growth of irt11vidua in the Christian farth through training courses. $man group studies and prowdiThJ cpportunities for Christian seNir. During the week there is a baby & ILvJ(ler grDUP. vanou5 chikJren'5 3nd youth dubs coverirYJ all ages and activibes for senior ¢itrzen$. H(Mne groups a a pr(minent feature provK1ing for interaction in a Smaller group setting needed because of Ihe large numbets attending on a Sunday moming. pa51oralca Is an irnportantaspect and forone anOt1r atKI seeking to extend that cère ttsthose outside the fellowship is woven thrtsugh all the ¢hur¢h a¢bvthes and lives of the nmbers Looking outside It5 ¢)wn im[nliate fellowship. the Churth 5UPPY)rt5 several IrMlividua15 worfiing in churche5 8ThJ associated 0rganI5atns iM)th in tIE UK and tsverseas. The Church also supports local Charit5 Wlth lund5 aThJ practical help. One of these 15 engaged in debt ounselling, another In the distrbubon of &bles aryj Te5tatnents ar there is a Food Bank distribution point at the Westbury Centre. The Church 15 spOnSible for The StbUry Centre in Wesllea Road. Learnington Spa. The Church'5 weekty youth Clubs are held In the Centre a5 well as a FOLKI Bank distribubon point and spwal events Other groups use the cent pmvidiro adrtn81 faulibes for those lir9 in the a8. The activitses ofthe Church are mutualty Interdependent. and the tN5t8es are ofthe opinion that no one aspect COU be asOnabty IdentrfEd for separate finanoal rewihng.
Page 3 MYTON CHURCH TRUSTEES. REPORT (continued) Publi¢ Benefit Public benefit Is specrfically refeffed to in the Churc's Tnjst Deed and the trSlee$ have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Cornmission. Many of the Church'5 activibes have a directwblic benefrt content In the provision of help and facilitie5 and teachin9 of rDoral pnncip5 that contribute to the I1J19 of a good 50cW and the multiplication of public benefit activib.es Achievements and Perfomiance The Church has continued to see a significant response in all area5 of its lrfe, WO and witness. The Sunday morning servi5 al the We5tbury Centre arewell atrertrleij. There continues to be a 9LyJd spOnSe to the servi In virtual format. Otheradivilies and srnall groups have o)ntynued to have good partiopatyon using virtual rneetings. IndividuaL8 are built up and strengthened and Christian In general k8 SUPPOrted. The Chur¢h maintain$ ¢ontaGt with those receiving grants offering advice and encnuragement as 8ppropriat8. The tru81ees are pleased to nots the encouraging naturfr of respon$e6 and Inlomiation rl¥ell. Future Plans Th¥ trustees consider that the present strale9ie$ are worftirfj well wrth acbvites that a enaljing the Church to achieve its objectives. Nevertheless. they are conbnuinq to seek Improvements and In¢a$ln0 the scope and Financial Review The income of the Church 8ri585 prinuPa frorn voluntary donations by memb8r5. Net incorne for the year, as shown on page 5, arnounted to £81,904 made up of £83,250 from fund5 restncled for puoSe5 speafied by thè donors and1£1.3461 offunds lor use aithe Church'sdisertriion. Both the16vel olgiving and tsxpensos has Increased in the year. The Church's budget for 2025 anliupate5 lower Incorne. therefore Showing a defil of1£2KI. Having reviewed the Ve1 of funds availab tcgether wth the future projected cash flows. the tru81888 have reasonable expectation that that the charity has adequate resources lo continue its activitie5 for the foreseeable future. Accordingty, Ihey continue 10 adopi the 90in9 ¢oncem basis In prepanng the finanoal statements. The reserves policy ol the trustees is 10 maintain suificignt lunds for the ongoing actsvil$ of the Churth. Th normal fluctuations In Income and expenditure Ilie•te reserves forthis PUWL)se equal to the higher of three months of the unwstr1c ffjSOUfces expended, which equaies to £64.000. or enough lo close down the charity. Unrestricted funds as al 31 O&c•mb8r 2024 af• 9r•at•r than amounb.ng to £195,838. Ttt• trustees ar monitoring the financial situath)n. The invosim¢nt pelicy ol Ihts Irustes is to plats funds that ar• surplus to Currtsni roquiramtrnts on doposit with banking Instilubons within the limits of the Govemmeni guarante8. fc surtable periods seeking a reasonab rate of tm. ststement of Trustees Responsibilities Law applicable to charit$ in England 8 Wales require$ Ihe trustees to prepare financkql statements for e8ch financial year which give a true anil fair view of the charty's finanfyal a¢twitre$ duriry the year and of its financial position at the end ol the year. In preparing finaThcial statements gNing a true and fair view, Ihe trustees 5houh follow be51 practice and. s$18cl surtable accountwig pol and IN appty thom eon$i•ntty. make judgements and estimates thai ara rtsasonabk and prudent." $latewhetherapplicabk ac¢ountng standards and statements of recommend1 practKe h)ve been followed, subject to any departures disdosed and explained In the financial stat)entS prepare the finanoal statement5 on the goiThJ concem basi5 unK8SS it 15 inappropriate to pre5urne that the charity will continue in operation. The trustees are responsible for keeping arUnrg rerdS whKh disrJosÈ wilh reasonab accuracy the fi'nancial position of charity, and which enatle Ihem lo ascertain the finanaal position of the charity and which enable them to ensure that the financial ststernents cornpty wrth ¥plicable law. regulations and the trust deed. They are also responsible for Safeguarding the assets of th8 thanty aTrJ hence fortaking r8asonabk8 Steps for the prevention and detection of fraud and other Irregularit5. Trustees The trustees shown on page 1 have seNed duriThJ the year as iTrJic8tJ. On behalf of the trustees Trustee 1311012025
Page 4 MYTON CHURCH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MYfoN CHURCH I report on the accounts of Myton Church for the year ended 31 December 2024 which are set out on pages 5 to 10. R8sponsibiliti8s and basis of rèport As the charity's trustees you are responsible for the preparation of the accounts in accordance vAth the requirements of the Charities Act 20111.lhe Act'i. I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Ind•p•nd•nt •xamln•r'8 $tatsm•nt Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 01 the Act. I confim that l am qualified to undertake the examination because l am member of ACCA, which is one of the listed bodies. I have completed my examinalion. I confimi that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. 1. Accounting records were not kept in respect of the charty as required by Section 130 ofthe Act., or 2. The accounts do not accord wth those records,. or 3. The accounts do not comply with the applicable requirements eoncerning the form and conlenl of accounts sel out in the Charities IAccounls and Reports) Regulations 2008 other than any requirement that the a¢¢ounls give a 'lrue an¢J fair view, which is not a matter considered as part of an independent examination. I have no ¢oncerns and have come a¢r¢)ss no other matters in connection wth the examination lo which attention should be drawn in this report in der to enable a proper understanding of the accounts to be reached. Wende Hubbard FCCA Burgis & Bullock Chartered Accountants 23-25 Waterfoo Place Leamington Spa CV32 SLA 13th October 2025
Page 5
MYTON CHURCH
STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31 December 2024
| Income from Donations and legacies Charitable activities Other trading activities Investment income Total Income Expenditure on: Charitable activities Total Expenditure Net Income/(Expenditure) Transfers between funds Net Movement in funds Reconciliation of funds Total funds brought forward Total Funds Carried Forward |
Note | Unrestricted Funds 226,977 8,531 24,343 5,920 265,771 267,117 267,117 ( 1,346) - ( 1,346) 197,184 195,838 |
Restricted Funds 155,889 - - - 155,889 72,639 72,639 83,250 - 83,250 100,798 184,048 |
Total 2024 382,866 8,531 24,343 5,920 421,660 339,756 339,756 81,904 - 81,904 297,982 379,886 |
Unrestricted Funds 226,274 3,383 22,923 2,516 255,096 249,914 249,914 5,182 - 5,182 192,002 197,184 |
Restricted Funds 126,008 8,570 - - 134,578 54,456 54,456 80,122 - 80,122 20,676 100,798 |
Total 2023 352,282 11,953 22,923 2,516 389,674 304,370 304,370 85,304 - 85,304 212,678 297,982 |
|---|---|---|---|---|---|---|---|
| 2 2 2 3 10 |
Total Recognised Gains and Losses
The Church had no recognised gains or losses other than the net result for the above two financial years.
All income and expenditure derive from continuing activities
The notes on pages 7 to 10 form part of these financial statements.
Page 6
MYTON CHURCH
BALANCE SHEET At 31 December 2024
| Fixed assets Tangible assets Current assets Debtors Cash at banks and in hand Creditors Amounts falling due within one year Net current assets Total net assets The funds of the charity Restricted funds Unrestricted Funds General charitable funds Total charity funds |
Note | 7,155 329,842 336,997 (10,832) 2024 |
2024 | 2024 | Total 53,721 21,220 208,407 229,627 (3,554) 326,165 379,886 184,048 195,838 379,886 2023 |
2023 | 2023 | Total 71,909 226,073 |
|---|---|---|---|---|---|---|---|---|
| 1 & 7 8 9 10 |
||||||||
| 297,982 100,798 197,184 |
||||||||
| 297,982 |
M Boyd, Trustee
The notes on pages 7 to 10 form part of these financial statements.
Page 7
MYTON CHURCH
NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2024
1. Accounting Policies
Charity Information
Myton Church is an unincorporated charity constituted under a declaration of trust dated 10th Dec 2002 as amended by
Basis of Accounting
The financial statements are presented in sterling, which is the functional currency of the charity and have been prepared under the Charities Act 2011, in accordance with applicable accounting standards under the historical cost convention and in accordance with the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard 102. Individual items are recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
Myton Church meets the definition of public benefit entity under FRS102. The financial statements are presented in sterling which is the functional currency of the charity.
following the 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 UK and Republic of Ireland (FRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Going Concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
Fund Accounting
The charity maintains a general unrestricted fund which represents funds which are expendable at the discretion of the Trustees in furtherance of the objects of the charity. Such funds are held in order to finance both working capital and capital investment.
Restricted funds are provided to the charity for particular purposes, specified by the donor or as a result of an appeal for a specific project or work but still within the objects of the Church. These funds are described in note 10. It is the policy of the Trustees to carefully monitor the application of these funds in accordance with the restrictions placed upon them.
Designated Funds are unrestricted funds which the Trustees have set aside for a particular purpose. At present there are no such funds.
Incoming Resources
Income received for a specific restricted purpose is credited to a separate restricted fund, which is shown in a note to the financial statements. Total incoming resources credited to restricted funds are disclosed in the statement of financial activities, which also shows incoming resources in respect of unrestricted funds.
Donations and other income received are credited in the statement of financial activities in the period in which they are received together with any income tax recoverable on gifts under gift aid. Rents receivable are recorded on an accruals basis according to the period to which they relate. Grants and legacies are accounted for when all the conditions for receipt have been met.
Resources Expended
Expenditure is accounted for on an accruals basis and is allocated between restricted and unrestricted funds as appropriate.
Expenditure on charitable activities comprises expenditure directly related to the objects of the Church including management and support functions. Other than fundraising costs, the ongoing support and administration costs form an integral part of the cost of carrying out the direct objectives of the Church.
Fixed Assets
The fixed assets of the Church were transferred from Saltisford Evangelical Church on 1 September 2003 at their book written down value on that date. Subsequent additions are recorded at cost. Depreciation of fixed assets is calculated to write off their cost or valuation less any residual value by equal instalments over their estimated useful lives as follows:
Furniture & furnishings 5 years General equipment 5 years Office equipment 3 years
Pensions
The charity operates a defined contribution pension scheme. Contributions payable in a year are included in expense in the Statement of Financial Activities.
Financial Instruments
Myton Church has elected to apply the provisions of Section 11of FRS 102 'Basic Financial instruments' to all of its financial instruments. Financial instruments are recognised in Myton Church's balance sheet when Myton Church becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets include debtors, cash and bank balances. Debtors, cash and bank balances are measured at transaction price including transaction costs.
Basic financial liabilities
Basic financial liabilities, are creditors and accruals which are measured at transaction price (cash or expected settlement amount).
Page 8
MYTON CHURCH
NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2024
2. Income
| Donations and legacies General offerings Westbury Centre Mission support Other funds CJRS claimed Warm Hub Grant Charitable activities Local mission and evangelism Westbury Centre cafe Miscellaneous Other trading activities Westbury Centre rents received |
Note 10 10 10 10 |
Unrestricted Funds 226,477 - - - - 500 226,977 4,980 2,784 767 8,531 24,343 |
Restricted Total Funds 2024 - 226,477 127,486 127,486 27,278 27,278 1,125 1,125 - - - 500 155,889 382,866 - 4,980 - 2,784 - 767 - 8,531 - 24,343 |
Unrestricted Funds 225,974 - - - - 300 226,274 3,160 - 223 3,383 22,923 |
Restricted Total Funds 2023 - 225,974 84,565 84,565 41,443 41,443 - - - - - 300 126,008 352,282 - 3,160 8,570 8,570 - 223 8,570 11,953 - 22,923 |
|
|---|---|---|---|---|---|---|
Year end 31 December 2023 income has been re-classified from Other funds to Westbury centre inline with accounting standards.
3. Charitable Expenditure
| Ministry costs Grants Staffing costs Running costs Westbury centre development costs Hire of premises Depreciation Governance costs 3.1 |
Unrestricted Restricted 2024 Unrestricted Restricted 2023 Funds Funds Total Funds Funds Total 16,174 - 16,174 14,211 - 14,211 39,400 31,057 70,457 38,525 44,485 83,010 136,293 - 136,293 131,370 - 131,370 35,038 2,312 37,350 35,636 749 36,385 - 39,270 39,270 - 9,222 9,222 10,998 - 10,998 11,000 - 11,000 19,188 - 19,188 18,187 - 18,187 10,026 - 10,026 985 - 985 267,117 72,639 339,756 249,914 54,456 304,370 |
|
|---|---|---|
Year end 31 December 2023 governance costs and westbury centre costs have been re-classified from running costs inline with accounting standards.
3.1 Governance Costs
| Independent examiner's fees Legal and professional fees Analysed between: Charitable expenditure Staff Costs Salaries Social security costs Pension costs Training Expenses Average number of employees Full time Part time |
2024 1,164 8,862 10,026 10,026 |
2023 985 - 985 985 2024 2023 117,903 117,018 2,182 1,986 14,644 9,131 30 - 1,326 3,171 136,085 131,306 3 3 2 2 5 5 |
|---|---|---|
4. Staff Costs
No employee received emoluments of more than £60,000 during the year or the previous year. Pension costs are amounts paid to independent pension providers.
In common with many churches, a very significant part of the activities of the Church is staffed on a voluntary basis. The fellowship operates a lay ministry in all of its functions. The Trustees and Elders are all actively involved in Church activities.
Page 9
MYTON CHURCH
NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2024
5. Transactions with Trustees and Other Related Parties
The total amount of donations received from Trustees during the year amounted to £41,169 (2023 - £32,088).
During the year the charity donated £1,250 to UCCF. This charity is considered a related party due to Benedict's Harding's role as key management for UCCF. There are no balances outstanding at year end. (2023: £1,250)
6. Grants made
Grants are made for the furtherance of the charitable activities of the Church (referred to as mission support) to organisations engaged in Christian work and are analysed below by area of interest: Grants are also made to individuals for personal needs and included in the summary below in one total.
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2024 2023
Local 23,277 24,334
National 2,900 3,900
International 41,236 52,795
Total mission support grants paid to institutions 67,413 81,029
Short term trips - -
Pastoral support 3,044 1,981
Total grants paid to individuals 3,044 1,981
Total grants made 70,457 83,010
Charged to Restricted funds 31,057 44,485
Charged to General Funds 39,400 38,525
Christians Against Poverty Debt counselling 5,500 5,250
Counties Christian work - -
Cross Teach Schools 9,000 8,100
Friends of Mandritsara Trust Hospital 6,134 5,750
Green Pastures Hospital 13,803 14,588
Operation Mobilisation Ship ministry 3,475 16,658
----- End of picture text -----
7. Tangible Fixed Assets
| COST At 1 January 2024 Additions Disposals At 31 December 2024 DEPRECIATION At 1 January 2024 Provision for year Disposals At 31 December 2024 NET BOOK VALUE At 31 December 2023 At 31 December 2024 8. Debtors Amounts falling due within one year Sundry debtors Gift aid receivable Prepayments 9. Creditors Amounts falling due within one year Sundry creditors & accruals Payroll deductions |
Furniture & Furnishings 20,922 - 20,922 10,602 2,880 - 13,482 10,320 7,440 |
General Equipment Total 122,117 143,039 1,000 1,000 - - 123,117 144,039 60,528 71,130 16,308 19,188 - - 76,836 90,318 61,589 71,909 46,281 53,721 2024 2023 321 1,112 3,040 16,806 3,794 3,302 7,155 21,220 2024 2023 10,831 3,554 - - 10,831 3,554 |
||
|---|---|---|---|---|
Page 10
MYTON CHURCH
NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2024
10. Movements of Restricted Funds
The income funds of the Church include restricted funds comprising the following unexpended balances of donations and grants held on trusts to be applied for specific purposes:
| At 1 January 2023 Incoming resources Expenditure, gains & losses Transfers in(out) At 31 December 2023 Incoming resources Expenditure, gains & losses Transfers in(out) At 31 December 2024 |
Mission Support 5,735 41,443 ( 42,504) - 4,674 27,278 ( 27,830) - 4,122 |
Relief Fund 11,637 - ( 1,981) - 9,656 1,125 ( 3,227) - 7,554 |
Westbury Centre Development 3,304 84,565 ( 9,222) - 78,647 127,486 ( 39,270) - 166,863 |
Other Restricted Funds Total - 20,676 8,570 134,578 ( 749) ( 54,456) - - 7,821 100,798 - 155,889 ( 2,312) ( 72,639) - - 5,509 184,048 |
|
|---|---|---|---|---|---|
Mission Support is administered in a separate budget funded by specific gifts, any shortfall being met by the general fund. Gifts are included in restricted funds where the donor has expressed a preference that the gift be for the Church's mission support fund or for a specific organisation or project. Such gifts and instructions are only accepted if within the scope of the objectives of the Church and the organisation or project is supported by the Church.
The Relief Fund is for pastoral situations that are outside the range of the Pastoral expense budget. Gifts received in 2024 were the response to an appeal for needs anticipated as a result of the challenging economic environment.
The Westbury Building Project Fund is used for gifts and grants received where the donor has expressed a preference that the gift or grant be so used or in response to an appeal for this purpose.
of the Westbury Centre Cafe. This is included in Other Restricted Funds and is being used to meet the net cost of the
11. Analysis of Net Assets between Funds
| R Fund balances at 31 December 2024 are represented by: Tangible fixed assets Current assets Current liabilities Fund balances at 31 December 2023 are represented by: Tangible fixed assets Current assets Current liabilities |
estricted Funds - 184,048 - 184,048 - 100,798 - 100,798 |
Unrestricted Funds Total 53,721 53,721 152,949 336,997 ( 10,832) ( 10,832) 195,838 379,886 71,909 71,909 128,830 229,627 ( 3,554) ( 3,554) 197,185 297,982 |
|---|---|---|
12. Operating Lease Commitments
19 May 2027 with a break point on 18 May 2023.
In 2023 the charity entered into two further rental lease commitments expiring within 12 months.
13. Contingent Liabilities
The Church had no contingent liabilities or other leasing commitments at 31 December 2024 or 31 December 2023.
14. Ultimate Controlling Party
The Church's ultimate controlling party is the Board of Trustees.