REGISTERED COMPANY NUMBER: 05518551 (England and Wales) REGISTERED CHARITY NUMBER: 1111189 Ropotsf.th&T_rll%k.osAnd Ung_u.dited EiD_allclalS_tatAm.gnts for thoyeat Endgo. 3_1 D8£9m.b&r 20 IpswJGb .Qom_o]uniJt _ch.b S R Renvolze Ltd 1 Arwela Road Felixstowe Suffolk IP112DG
swich Communi Church Con_tents of the Financial Statements Page Report of the Trustees Independent EXamineS Report Statement of Financial Activltles 1 to 5 Balance Sheet Notes to the Flnanclal Statements 10 to 18 Detalled Statement of Flnancial Activities 19
swich Communi Church -ReLort of the Trustee for the Yea d 31 December 2024 The truste6s have pleasure in presenting their report and the financial statements for the period ended 31 December 2024. This report incorporat8S the directors report, as required by law. The Company was registered on 26 July 2005 as a Company Limlted by Guarantee and subsequently registered as Charity. Name Tha name of the charitable company Is Ipswich Communlty Church. Prlnclpal actlvlty and vlslon 8tatement The principal activity of the charitable company is to operate as a Church congregation in Ipswich to advance the Christian Falth. Our vlsion statement is 'We exist to please God and to transform our worfd by b8coming ourselves, and making of others, mature whole-life dlsciples (apprentices) of Jesus Christ.. Page 1
swich ommuni Church of the Trustegs for the Year Ended 31 December 2024 ACHIEVEMENT AND PERFORMANCE The Church started meeting as a small group in a house in early January 2005 and decided to gather as a congregation on 16 January 2005 using the hall and other facilities provided by the Thurleston high School (which later becam8 known as Ormiston Endeavour Academy), Defoe Road, Ipswich. On 27th May 2012 the Church mov8d into it's new Church Centre in Wilberforce Street, Ipswich IP1 2JP, premises prevlously owned and occupied by C18rkson Street Free Church (the 'Church Centre,). On 1st May 2012 the legal title to the Church Centre was transferred to Ipswich Community Church along with that of a freehold residential property at 19 Elmhurst Drive, Ipswich. This property had previously used as th8 manse for Clarkson Street Free Church. No payment was made for this consideration as part of an arrangement whereby Clarkson Street Free Church would be dlssolved and merged into Ipswlch Community Church (ICC). In 2016 we sold the property In Elmhurst Drive and bought the house adjacent to our Church Centre 41 Clarkson Street. This property is let to a Charity called the Anglian Care Trust under the Government scheme for settling Syrlan refugees. Syrian families hav8 been housed in the premlse sinc8 Sept8mb8r 2016. Soon after the fomation of the Fellowship ICC jolned the GroundLevel Network of church68 which has its Head offi in Lincoln. GroundLev81 has around 80 to 100 Churches in the NeOrt( and provides ICC with input. support and counsel. Over the years several of our members have enjoyed Participating in an annual celebratlon at the Llncoln Show Ground which takes place over the August Bank Holiday weekend. In April 2022, the Leader, Mr Rod Stone, retired from Leading the Church and a Transitlon Team, comprislng of thre8 Church M8mb8rs, took over responsibility for leading the Church. Thes8 three continue to lead the Church Mr Richard Newbould, Mr Matt James and Mr Phll Bolton. The Church also has Trustees and Departfflental Lead8rs which we now call the Wider Leadershlp team. In 2022 Ipswlch Community Church also jolned Ellm as a Network Member and we draw support from them 8180. The Leadership Team has developed a friendship wlth the Pastor at Ipswich International Church followlng the retlrement of Rod Stone in order to galn advlce from an experlenced local Church Leader. The Leadershlp Team, which Is made up of Phllllp Bolton, Matt James and Richard Newbould, is looking for someone to join the Team who may be a fulllpart time pald appolntment. The Charitable Company contlnues to develop its core activities including Sunday lebratIonS Midweek Groups of varied types, Alpha Courses, This year ICC started a free breakfast group which is held on the first Sunday of each month. A Portuguese speaking Group hires the Church Centre on a Saturday evening for their Church meeting and we have a Cocaine Anonymous Group hiring the premises on a weekly basis on a Tuesday evening. On Sunday mornings there is a creche as well as activities for our children and young people. Interest in our website www.iccchurch.co.uk continues to be evidenced and we are looking to upgrade the website in 2025. We also use our presence on social media platforms such as Facebook and YouTube to help publicise our activities and ServIS as well as continuing to use Zoom to live stream our Sunday morning meetings in order to enable interested parties to join with us live. We use Facebook and YouTube to publicise our preaches. Page 2
swich Communi ort of the Trustees he Year Ended 31 December 2024 for Over the years the Church has helped and organise a number of community events. These have included a Royal Tea Party on Tuesday 5th June 2012 as part of the celebrats'ons for the Queens Diamond Jubilee and some 250 residents joined in the fun. We also took part in the Queens 90th birthday celebrations when we helped to organisa a street party and then In June 2022 we helped organise and took part in a street party to mark the Queens Platinum Jubilee. This year ICC gave out hotdogs and refreshments at Halloween and had som8 Outdoor games for the children ICC keeps a store of dried and canned food as well as other 8mergancy provisions which we have given to members of the community who are struggling financially. During the year the Truste6s have paid regard to the guldance issued by the Charity Commisslon on public benefit. FINANCIAL REVIEW General fund The general fund shown In the Balance Sheet represents funds not utilized in th8 company's 20 years of operation slnce January 2005. Flnanclal results and state of affalrs The total income for the year was £40,858 (2023 £48,139). Expendlture was £41.132 (2023 £31,690). This gave rlse to a deficit of £274 (2023, 8 surplus of £16,449). These flgures were In accordance with our 8xpectations. Investment Pollcy The company's investment policy is to achieve maximum returns given medium to low risk. Inv8Stments are deemed short term and are currently Invested in cash on deposlt. Reserves pollcy The trustees have agreed that reserves will be held to cover 6 months of norm81 expenditure (based on the current budget for the next 6 months, or, if no budget is in place for that perlod, previous 6 months actuals). The calculations for this would not include restricted funds or specific special projects for which funds have been designated. The purpose of thi8 policy is to provide adequate time to adjust to changing circumstances and to make necessary adjustments to expenditure should the need arise, The actual free reseryes at the end of the year In general reserves Is £281,687 (2023 - £281.961) less carrying value of functional assets of £291,269 {2023 £291,269) which is a deflcit of £9,582 (2023 £9,308). The trustees note that the current low free reserves is attributable to the fact the definition excludes the functional fixed assets, but it includes the long term loan that is secured on those assets. For the purposes of short and medium term financial management, the trustees are concerned more with the management of working capital, and if the reserves calculation is adjusted by the long term loan, then th8 reserves pollcy is currently being met. Page 3
swich Communit Church ReJ)ort of the Tru for th Ye r Ended 1 December 2024 STRUCTURE. GOVERNANCE AND MANAGEMENT Governlng document The charity Is controlled by its goveming document and constitutes a privat6 limited company, Ilmited by guarantee, as defined by the Companies Act 2006. The govemlng instrument for the charltable company is Its Memorandum and Artides of Association. The charitable company was incorporated on 26 July 2005 limited by guarantee and not having a share capitsl. There are no specific restrictions imposed in the Memorandum or Articles of Association concerning the way the charitable company can operate. The Investment powers glven wlthin the Memorandum of Associatlon are as follows: 'To invest the monies of the Charity not immediately required for its Objects In or upon such Investments, securities or property as th8 Directors think fit subject to such conditlons and consents a8 are imposed by law., The objects of the charitable company are.. The advancem8nt of tha Chrlstian Faith in accordance wlth th8 Statement of Belief In Ipswlch and the County of Suffolk. and in other parts of the United Kingdom and overseas, by such means as the Directors shall think fit including but not limited to the planting of new churches and the organizatlon of congreg8tions; The reli8f of persons who are in a condition of need arising from poverty, hardshSp, dlstress or as result of local, nation81 or international emergency or dlsaster or who are aged or sick., The advancement of education Includlng but not lirnited to the advancement of education on the ba818 of the principles 8et out In the Statement of Bellef., Such other charltable obJ6cts as the Directors shall in thelr absolute dlscretion from time to tlme thlnk fit. Inductlon and tralnlng of new truste88 New trustegs are offered informal induction tr8inlng along with the informatlon necessary for th8m to fulfil their dutles as 8 trustee. Rlsk managoment The trustees have identified the major rlsks to whlch the charity Is exposed and have taken steps to mltigate these risks. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 05518551 (England and Wales) Registered Charity number 1111189 Page 4
swich Communi Church Re.port for the Year _ nded 31 December 2024 Registered office ICC Centre Wilberforc8 Street Ipswlch Suffolk IP12JP Trustees Mr P Bolton Mr J I Clarke (resigned 20.10.24) Mr S Jolata MrPJHIII Independent Examlner Mr S R Renvoize S R Renvoize Ltd 1 Arwela Road FelixstOW8 Suffolk IP112DG Sollcitors KMA Solicitors 25 St Margar8Vs Green Ipswich Suffolk Leader The post Is currently vacant. Bankors Lloyds Bank PLC Cornhill North Ipswich Suffolk Thls report has been prepared In accordan wlth the specSal provlsions of Part 15 of the Companies Act 2006 relating to small companles. Approved by order of the board of trustees on 25 February 2025 and signed on its behalf by." Mr P Bolton - Trustee Page 5
Inde endent Exa_minerfs Re wich Communi urch rt to th Trustees of Independent examlner's report to the trustees of Ipswich Community Church ('the Company.) I report to the charity trustees on my examination of the accounts of the Company for th8 year end8d 31 December 2024. Responslbilitlos and basls 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 2006 ('the 2006 Act,). 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 exarnination, 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,). In carying out my examination I have followed the Directions given by the Charity Commission under Section 145{5) (b) of the 2011 Act. Indèpendent examlnorf8 stst6ment I have completed my examination. I conflrm that no matters have come to my attentlon In connectlon with the examination giving me cause to believe: accounting records ware not kept in resp8Ct of the Company as required by Section 386 of the 2006 Act. or the accounts do not accord with those records. or the accounts do not comply with the accounting requirements of Sectlon 396 of the 2006 Act other than any rèqulrement that the accounts give a true and fair vlew whlch Is not a matter considered as part of an independent examination., or the accounts have not been prepared in accordance with the methods and princip18s of th6 Statement of Recommended Practlce for accounting and reportlng by charities (applicable to charities preparing their accounts in accordance with the Flnancial Reporting Standard applicable in the UK and Republlc of Ireland {FRS 102)). I have no concerns and have come across no other matters In connection with the examlnation to which attention should be drawn In thls report in order to enable a proper understanding of the accounts to be reached. Mr S R Renvoize The Institute of Chartered Accountants in England and Wales S R Renvoiz6 Ltd 1 Arwela Road Felixstowe Sufft)Ik IP112DG 25 February 2025 Page 6
swich C mmuni Church Statement of Fin ncia Activities oratinan Incorne and Ex enditure Account eye r Ended 31 Dember 2024 fort 31.12.24 Total funds Unrestricted Restricted funds funds 31.12.23 Total funds Notes INCOME AND ENDOWMENTS FROM Donations 8nd18gacies 21,941 21,941 31,006 Other Income 18,917 18.917 17,133 Total 40,858 40,858 48,139 EXPENDITURE ON Charltable actlvltl88 Church related costs Givlng 36,781 4,351 36,781 4,351 28,126 3,564 Total 41,132 41.132 31,690 NET INCOMEI(EXPENDITURE) (274) (274) 16,449 RECONCILIATION OF FUNDS Total funds brought forward 281,961 281.961 265,512 TOTAL FUNDS CARRIED FORWARD 281,687 281,687 281,961 The notes fomi part of these financial ststements Page 7
swich Communi Balance Sheet 31 December 2024 31.12.24 Total funds 31.12.23 Total funds Unrestricted Restricted funds funds Notes FIXED ASSETS Tangible assets 10 291,269 291,269 291,269 CURRENT ASSETS Debtors Cash at bank 11 3,660 45,710 3,860 45,710 5,152 49,568 49,370 49,370 54,720 CREDITORS Amounts falllng due wlthin one year 12 (6,942) (6,942) {7,528) NET CURRENT ASSETS 42,428 42,428 47,192 TOTAL ASSETS LESS CURRENT LIABILITIE8 333.697 333,697 338,461 CREDITORS Amounts falling due after more than one year 13 (52,010) (52,010) (56,500) NET ASSETS 281,687 281,687 281,961 FUNDS Unrestrict8d funds 16 281,687 281,961 TOTAL FUNDS 281,687 281.961 The charltable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 In accordance with Section 476 of the Companles Act 2006. The notes form part of these financial statements Page 8 continued...
swi h Communi Church BaIan_sheet- contin 31 Dember 2024 ed The trustees acknowledg8 their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. These financial statements have been prepared In accordance with the provisions applicable to charitable companies subject to the small companies regime. Th8 financial stat6ments were approved by th8 Board of Trust88s and authorlsad for Issu8 on 25 February 2025 and were signed on its behalf by: Mr P Bolton - Trustee The notes form part of these financial statements Page 9
swich Communi Church NotesLo thi. Financial Statements for the Y ar Ende cember 2024 COMPANY STATUS Ipswich Community Church is a private company limited by guarantee and not having a share capital and is a registered charity and is accordingly exempt from taxation on its charitable activities. ACCOUNTING POLICIES Basls of preparlng tho flnanclal statements The financial statements of the charitable company, which Is a public ben8fit entity under FRS 102, have been prepared In accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charitles.. Statement of Recommended Pract1 applicable to ch8ritl8s preparing th8ir accounts in accordance with the Fin8ncial Reporting Standard applicable In the UK and Republlc of Ireland (FRS 102) (eff8Ctive 1 January 2019),, Financial Reportlng Stsndard 102 The Financial Reporting Standard appllcable in the UK and Republlc of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost conventlon. Flnanclal reportlng standard 102 . reduced dlsclosure exemptlons The charitable company has taken advantage of th8 following disclosure exemption in preparing these financial statements, as permltted by FRS 102 'The Financial Reporting Stsndard applicable in the UK and R6publlc of Ireland,: the requirements of Section 7 Stst8ment of Cash Flows. Income All Income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, It is probable that the income will be received and the amount can be measured rellably. (a) Gift aid donatlons, ordinary don8tions, dividends and income from other actlvities - amount receivable during the period. (b) Gifts in kind are accounted for when the charity has entltlement to the gfft and there is virtual certainty of Its receipt and its monetary value can be measured reliably. Gifts in kind are valued at market valuations. (c) Tax repayments in respect of tax reclaimed on gift ald donatlons and Investment interest included in the period in which the related income is received. (d) Interest- on a receivable basis for the financial year. (e) Grants received for revenue expenditure and for capital assets are recognlsed In the statement of financial activity in the accounting period in which it is reasonably certain that the grant will be received. Expenditure Liabilities are recognised as expenditur8 as soon as there is a legal or constructive obligation committing the charity to that expenditure, it Is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reli8bly. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of reSoUrs. Page 10 continued...
swich Communi Notes to the Finan for the Year ials 31D tements - continued cember 2024 ACCOUNTING POLICIES - continued Tanglblg flxad assets Tangible fixed assets are ststed at cost (or estimated donation value) less depreciation. The lower limit for capitalizing an asset is £2,000. Depreciation is provided at rates calculated to write off the cost less estimated residual value over it's expected useful Ilfe, as follows.. Freehold land and buildings (no depreciation as property is expected to b8 malntained to such 8 Standard that their resldual value are expected to be approximately the same as cost). Equipment over 3 years (straight line) Taxatlon The charity is ex8mpt from corporation tax on its charitable activities. Fund accountlng Following the requlrements of the Statement of Recommended Practice all the funds of Ipswich Community Church have been analysed over the different types of funds which are; Restricted funds: Restricted funds are those where the donor has Imposed restrfctlons on how the fund may be used. but which do not prevent the fund being spent. Unrestricted funds:_ Unrestricted fijnds are those whlch are not subject to any speclal restrictions and they Can be used as the trustees decide. Designated funds are part of unrestricted funds and are amounts the trustees have set aside to cover particular expenditure. Golng conc8rn basls There is no material uncertainty regardlng the fact that these accounts have been prepared on the going concern basls. Publlc Beneflt Entlty. The charlty is a publlc benefit entlty. DONATIONS AND LEGACIES 31.12.24 31.12.23 Donatlons Gift aid donations Income tax recoverable 6.346 12,045 3,550 19,299 9,365 2,342 21,941 31,006 The donations arise from gifts given by church members and by offerings made in church meetings. Many members provided services free. which has not been recognized in these accounts. Page11 continued...
)swich ommunit Church Notes to the Financial Statements - continued ar Ended 31 December 2024 OTHER INCOME Other income prlmarily relat8S to residential letting. CHARITABLE ACTIVITIES COSTS Support costs (see note 6) Direct Costs Totsls Church related costs Glving 35,846 4,351 935 36,781 4,351 40,197 935 41,132 Glving represents a gift of £1,200 to 1 instltution (Christlan Youth Mlnlstry), a gift of £2,700 to missionary and the remainder is to and for indivlduals, most of which Is taxi fares to enable individuals to attend church servlces. SUPPORT COSTS Governanc costs Church related costs 935 NET INCOMEI(EXPENDITURE) Net Incom81{expendlture) Is stated after chargingl(cr8dltlng): 31.12.24 31.12.23 Rental income received Independent examiners, fee Intore8t paid 14,518 (935) (4,430) 14,518 (901) (4,159) The transfer between funds net to NIL in this year and in the comparatlve perlod. Page 12 continued...
swi h Communi Church N tes to the Financial Statements - continued for the Year nded 31 December 2024 TRUSTEES. REMUNERATION AND BENEFITS Exc8Pt for payments made to Mr P. Bolton (as detailed below), there wer8 no truste88' remuneration or other benefits for the year ended 31 December 2024 nor for the comparative year ended 31 December 2023. Mr P. Bolton has not been remunerated for his role as twstee, but from July 2022 to date he has been remunerated (on a self employed basis) for providing extra services relating to adminlstratlve and operational requirements of the trust. This is perceived to be a temporary arrangement for the period in which the post of leader is vacant. Tha trustees consider they have adhered to all advice, procedures and requirements of the Charity Commission on Payments made to trustees. Unless otherwls8 agreed, the maxlmum to be paid each month is £545, which is based on an hourly rate of £15.70. The amount paid in the year to 31 December 2024 is £6,082 (2023- £5,778). Tru8tses' expen808 There were no trustees, expenses paid for the year end8d 31 D8cemb8r 2024 nor for the year ended 31 December 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restrlcted funds funds Totsl funds INCOME AND ENDOWMENTS FROM Donations and legacies 31,006 31,006 Other Income 17,133 17,133 Total 48,139 48,139 EXPENDITURE ON Charitable actlvltles Church related costs Glving 28,128 3,564 28,126 3,564 Total 31,690 31,690 NET INCOME 16,449 16,449 RECONCILIATION OF FUNDS Total funds brought forward 265.512 265,512 TOTAL FUNDS CARRIED FORWARD 281,961 281,961 Page 13 continued...
swi h Communi Church Notes to the Financial Statements - continued fort Year Ended 31 December 2024 10. TANGIBLE FIXED ASSETS Equipment, fixtures and fittings Freehold propety Totals COST At 1 January 2024 and 31 December 2024 291,267 14,440 305,707 DEPRECIATION At 1 January 2024 and 31 December 2024 14,438 14,438 NET BOOK VALUE At 31 Dec6mber 2024 291,267 291,269 At 31 December 2023 291,267 291,269 The freehold property Includes 8 rgsidential property adjacent to the church centre, 41 Clarf(son Street, Ipswich. The primary purpose of the property Is to enhance the activities of the church. In the current year, th8 property Is let for occup8tion by 8 Syrian refugee famlly under the temis of the gov8mment scheme for settling them in UK. The trustees conslder that the carying value of the tanglble flxed assets is mat8rially the same as the market value. 11. DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Oth8r debtors Prepayments 698 2,962 2,522 2,630 3.660 5,152 Page 14 continued...
swich Communi Church NoLes to the Financial Ststements - continued heye rEn 1 Decemb r 2024 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Bank loans and overdrafts (see note 14) Other creditors Accrued expenses 4,747 5,002 92 2,434 2,195 8,942 7,528 13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 31.12.24 31.12.23 Bank loans (See note 14) 52,010 56,500 14. LOANS An analysis of the maturlty of loans is glven below: 31.12.24 31.12.23 Amounts f811ing due wlthln one year on d&m8nd: 8ank loans 4,747 5,002 Amounts falling due in more than five years: Repayable by instslments.. Bank loans more 5 yr by Instal 52,010 56,500 The loan commenced In July 16. It Is a 17 year loan, repayable In Instalments, wlth an Interest rate of 2.250/0 above base. 15. SECURED DEBTS Th8 following secured debts are included within creditors: 31.12.24 31.12.23 Bank loans 56,757 61,502 The bank loan is secured on the residential property next to the church. This property has a carrying value of £213,017 at the end of this accounting perlod and the comparative accounting period. Page 15 continu8d...
swich Communi hurch Notes o th Financial S r the Year Lnded atements - continued 16. MOVEMENT IN FUNDS Net movement in funds At 31.12.24 At1.1.24 Unrèstrlcted funds General fund 281,961 (274) 281,687 TOTAL FUNDS 281,961 (274) 281,687 Net movement in funds, included in the above are as follows: Incoming resources Resources Movement expended in funds Unrestrlctgd fund8 General fund 40,858 (41,132) (274) TOTAL FUNDS 40,858 (41,132) (274) Comparatlvas for movement In funds Net movement in funds At 31.12.23 At1.1.23 Unrestrlcted funds General fund 265,512 16,449 281,961 TOTAL FUNDS 265,512 16,449 281,961 Comparative net movement In funds, included in the above are as follows., Incoming resources Resources Movement expended in funds Unrestrlctod funds General fund 48,139 (31,690) 16,449 TOTAL FUNDS 48,139 (31,690) 16.449 Page 16 continued...
swich Communi hur Notes to the Financial Statements - continued for the Ye rEn ed31De ember 2024 16. MOVEMENT IN FUNDS - contlnued A current year 12 months and prlor year 12 months combined position 18 as follows: Net movement in funds At 31.12.24 At1.1.23 Unrestrlcted funds Gen8ral fund 285,512 16,175 281,687 TOTAL FUNDS 265,512 16,175 281,687 A currant year 12 months and prior year 12 months combined net movement in funds, included In the above are as follows,. Incomlng resources Resources Movement expended in funds Unrestrlcted funds General fund 88,997 (72,822) 16,175 TOTAL FUNDS 88.997 (72,822) 16,175 17. RELATED PARTY DISCLOSURES There were no related party transactions for th8 year 6nded 31 December 2024, except for tha payment of services provided by the trustee, Mr P. Bolton, as dSsclo8ed In note 8. 18. ULTIMATE CONTROLLING PARTY There Is no ultimate controlling party, both at the end of this accountlng perlod and at the end of the comparative accounting perlod. Page 17 continued...
swich Communi Church Notes to the Financial Stglem nts - cLntin or th Year Ended 31 De mber.2024 ed 19. INDEPENDENT EXAMINER The Independent examiner, Mr S R Renvoize, has signified his wlllingness to continue in office a resolution to r8appoint him as independent examiner will be propos6d at the forthcoming annual general meeting.The cost of the independent examination was £935 (2023 - £901). Page 18
swich Communi hur Detailed Ststem for e Year Ende t of Finan 31 December 2024 31.12.24 Total funds Unrestricted Restricted funds funds 31.12.23 Total funds INCOME AND ENDOWMENTS Donatlons and legaclas Donations Gift aid donations Incom8 tax recoverable 6,346 12,045 3,550 19,299 9.365 2.342 12,045 3,550 21,941 21,941 31,006 Other Income Interest received Rent receivable Room hire 564 14,518 3,835 584 14,518 3,835 380 14,518 2,235 18,917 18,917 17,133 Total Incomlng re8ource8 40,858 40,858 48,139 EXPENDITURE Charltable actlvltles Building costs Rental expenses including Interest Other operating expenses Giving: General fund 11,584 7,850 16,412 4,351 11,584 7,850 16,412 4,351 8,510 4,872 13,843 3,564 40,197 40,197 30,789 Support costs Governance costs Independent examiner 935 935 901 Total resour8 expended Net Income 41,132 41,132 31,690 (274) (274) 16,449 This page does not form part of the statutory financial statements Page 19