## Servant's Church Limited
Report and Accounts Year ended 30 April 2024
1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk
## **SERVANT'S CHURCH LIMITED**
## **COMPANY INFORMATION**
## **FOR THE YEAR ENDED 30 APRIL 2024**
## **Trustees**
John Brown Adam Maggio (resigned 27th October 2024) Joshua Musson Paul Dean Jonathan Hall Thomas Abbott Roberto Vaca Herrera (appointed 27th October 2024)
## **Company Secretary**
John Brown
**Key Staff** John Brown **Governing Document** Memorandum and Articles of Association dated 15 May 2006 **Company Registration Number** 05817167 **Charity Registration Number** 1115316 **Principal Address and Registered Office** Hillcrest Chapel Weston Wood Road Norwich England NR7 0JY **Independent Examiner** Sarah Crispin ACA Stewardship 1 Lamb's Passage London EC1Y 8AB
## **Independent Examiner**
## **Bankers**
Barclays
## **Contents**
|||
|---|---|
|**Contents**|**Page**|
|Company Information|1|
|Trustees' Annual Report|2-4|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to the Accounts|8-14|
|Detailed Statement of Financial Activities|15|
Page 1
## **SERVANT'S CHURCH LIMITED**
## **TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)**
## **FOR THE YEAR ENDED 30 APRIL 2024**
The trustees, who are the charity's directors for the purposes of company law, have pleasure in submitting the Report and Accounts for the year.
## **Objects of the charity**
The Charity’s objects, as stated in its Memorandum of Association are the advancement of Christianity for the benefit of the public in accordance with the following:
a. To worship God the Father, Son and Holy Spirit;
b. To build up the Church of Jesus Christ, in particular through the teaching and preaching of the Word of God (The Bible);
c. To proclaim that men and women should repent and believe in Jesus Christ as Saviour and Lord;
d. As we have opportunity, to do good to all, especially to those who are of the household of faith (Galatians 6:10).
## **Summary of the charity's main activities and achievements**
The Charity seeks to accomplish these objectives by:
1. Meeting weekly for the purpose of worshipping God, prayer, reading and studying the Word of God and fellowshipping with one another to build each other up in the Faith.
2. Establish sources of material for individual study of the Word of God.
3. Provide supplemental meetings for instruction in effective and productive methods of individual and group study of the Word of God.
4. Promote and encourage individual and group prayer by providing supplemental meetings for the purpose of group prayer.
5. Promote and encourage individual development of worship of the Godhead through prayer, music and service to the Kingdom of God.
6. Promote and encourage all other aspects of individual and group growth in service toward the Kingdom of God through the development of the gifts and talents provided by God.
7. Present the facts and truth of mankind’s need for salvation and God’s plan and provision of that salvation through the substitutionary death and resurrection of His Son, Jesus Christ, to all who would hear and receive through regularly held church services and in various means of public outreach.
Our main gathering is our weekly Sunday morning service. We assemble for the purpose of worshipping God through music, prayer and the reading and studying of Scripture. We also see the development of loving relationships as a necessary demonstration of worship. Therefore, we include a 15-20 minute “coffee break” in the middle of our Sunday morning service to facilitate this relational development. This continues to be one of the most effective tools for initiating community building at Servant’s.
We continue to attract a diverse group of people ethnically, social-economically & even religiously. We see this increasing diversity as a great privilege and strength though not without its challenges. We are growing in better communication between groups. To share our current status and future plans transparently, we are organizing a Church Update. We aim to hold this meeting annually. During this period we finished a verse by verse study through the book of 1 Corinthians and started a new series on the book of Acts.
Page 2
## **SERVANT'S CHURCH LIMITED**
## **TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)**
## **FOR THE YEAR ENDED 30 APRIL 2024**
As part of our Sunday morning service, we provide age-appropriate classes for children 3 years through 13 years of age, with new family coming regularly. The Charity continues to train all its children’s workers in best practice health and safety procedures and child protection as well as the most effective teaching strategies for children. A significant portion of those serving in children’s ministry have professional experience in these fields.
The skills learned at these training sessions have transferable value to the workplace as well as to parents and caregivers in the home. The charity has hired a part time Children’s worker and a part-time youth worker who can develop these programs further. We hold an annual “Development Day” designed to train and strengthen all volunteers in our charity.
In addition to the Sunday Morning service described above, the charity also offered a Sunday afternoon service at their Hillcrest Chapel facility. This service is growing slowly but steadily. Furthermore, at Hillcrest Chapel, the charity organized a weekly play group for parents, caregivers, and toddlers with the majority of the participants coming from outside the church but from our local community. This free event is so popular, the charity instituted a numbers cap and a required sign up.
Also, at Hillcrest Chapel, the charity provides a weekly youth groups for individuals aged 11-18 years and a monthly gathering for seniors.
The charity also offers training and supervision for several small groups that meet in homes across Norwich and in other areas of Norfolk. These smaller groups foster valuable relationships among members. For certain participants, such as those with special needs or international students, these home groups serve as a crucial social opportunity.
The charity organized its annual Family Camp at Whitwell Hall in Norfolk. This five-day event promoted a deeper appreciation and responsible stewardship of Creation while enhancing family and intergenerational bonds.
The charity had the opportunity to collaborate with other local churches to offer training in small group dynamics and leadership development.
The charity organizes special events during Christmas and Easter to foster community spirit and strengthen interpersonal relationships.
The charity maintained its financial assistance to several humanitarian organizations that share similar goals, focusing on helping the most marginalized and disadvantaged communities in Great Britian and around the globe.
The charity is optimistic about its ongoing expansion and anticipates making an even larger impact on the community in the coming year.
In planning the activities the Directors have had regard to the guidance on public benefit issued by the Charity Commission.
## **Structure, Governance and Management**
The policy and operating decisions of the charity rest with the Directors who meet regularly to monitor the activities of the Company. New Directors are recruited and appointed by a majority of existing Directors.
## **Financial review**
Total income for the year was £182,447 (2023: £158,590).Total expenditure of £179,047 (2023: £152,833) giving rise to an overall surplus of £3,400 (2023: surplus of £5,757).
The Charity’s primary source of funds is from free-will offerings received from those regularly attending the Sunday and various other meetings.
Page 3
## **SERVANT'S CHURCH LIMITED**
## **TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)**
## **FOR THE YEAR ENDED 30 APRIL 2024**
## **Reserves policy**
The trustees have determined that the charity should aim to hold unrestricted cash of no less than £25,000 (which equates to about 2 months of unrestricted expenditure) so that the charity could continue to operate should income and / or expenditure vary adversely. At the year end, the charity held unrestricted cash of £40,448 (2023: £39,615). In considering the financial situation it is relevant that the charity has taken a bank loan (see note 12 to the accounts) which stood at £13,500 at 30 April 2024 which is repayable in instalments by 2026. The charity is monitoring its financial position and will keep the current policy under review to ensure the reserves and its policy are maintained at appropriate levels.
## **Key risks and uncertainties**
The charity is exposed to various risks - be they operational, financial or reputational. The trustees review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks.
## **Responsibilities of trustees under company law**
The trustees are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the trustees are required to:
1. select suitable accounting policies and apply them consistently;
2. observe the methods and principles in the Charities SORP;
3. make judgements and estimates that are reasonable and prudent;
4. state whether the applicable accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements; and
5. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Approval**
This report, which has been prepared in accordance with the provisions of the Companies Act 2006 relating to small companies, was approved by the trustees and signed on their behalf by:
## John Brown
> John Brown (Dec 13, 2024 16:53 GMT) _____________________________________ John Brown
Dec 13, 2024 Date: ____________
Page 4
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF**
## **SERVANT'S CHURCH LIMITED ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 April 2024 on pages 6 to 15 following, which have been prepared on the basis of the accounting policies set out on pages 8 to 9.
## **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 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 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’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner’s statement**
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:
1. 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 (FRS 102)].
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.
Sarah Crispin Sarah Crispin (Dec 16, 2024 08:50 GMT)
Sarah Crispin ACA
Stewardship 1 Lamb's Passage London EC1Y 8AB
Date: Dec 16, 2024
Page 5
## **SERVANT'S CHURCH LIMITED**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## **FOR THE YEAR ENDED 30 APRIL 2024**
|Note
**INCOME AND ENDOWMENTS FROM:**
Donations
3
Charitable activities
4
Investments
**Total income and endowments**
**EXPENDITURE ON:**
Charitable activities
5
**Total expenditure**
**Net income/(expenditure)**
**Transfers between funds**
14
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
14|Unrestricted
Funds
£
174,521
5,867
240
180,628
169,879
169,879
10,749
(7,765)
2,984
24,433
27,417|Restricted
Funds
£
1,819
-
-
1,819
9,169
9,169
(7,350)
7,765
416
627
1,043|Total
Funds
2024
£
176,340
5,867
240
182,447
179,047
179,047
3,400
-
3,400
25,060
28,460|Total
Funds
2023
£
153,598
4,877
115|
|---|---|---|---|---|
|||||158,590|
|||||152,833|
|||||152,833|
|||||5,757
-|
|||||5,757
19,303|
|||||25,060|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing operations.
The statement of financial activities also complies with the requirements for an income and expenditure account required by the Companies Act 2006.
The notes on page 8 - 14 form part of these accounts.
Page 6
## **SERVANT'S CHURCH LIMITED**
## **BALANCE SHEET**
## **AS AT 30 APRIL 2024**
|Note
**FIXED ASSETS**
Tangible assets
7
**CURRENT ASSETS**
Debtors
8
Cash at bank and in hand
9
**CREDITORS: Amounts falling**
**due within one year**
10
**Net current assets / (liabilities)**
**Total assets less current liabilities**
**CREDITORS: Amounts falling due**
11
**after more than one year**
**TOTAL NET ASSETS**
**FUND BALANCES**
14
Unrestricted Funds
General funds
Restricted Funds|Unrestricted
Funds
£
698
698
12,135
40,447
52,582
(18,363)
34,219
34,917
(7,500)
27,417
27,417
-
27,417|Restricted
Funds
£
-
-
-
1,043
1,043
-
1,043
1,043
-
1,043
-
1,043
1,043|Total
Funds
2024
£
698
698
12,135
41,490
53,625
(18,363)
35,262
35,960
(7,500)
28,460
27,417
1,043
28,460|Total
Funds
2023
£
1,595|
|---|---|---|---|---|
|||||1,595|
|||||13,856
40,242|
|||||54,098
(17,132)|
|||||36,966|
||||||
|||||38,560
(13,500)|
|||||25,060|
|||||24,433
627|
|||||25,060|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006 however, in accordance with Section 145 of the Charities Act 2011, the accounts have been examined by an independent examiner and their report has been included in these financial statements.
- The directors (who are the charitable company's trustees for the purposes of charity law) acknowledge their responsibilities (a) ensuring that the charitable company keeps accounting records which 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 net income or expenditure 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.
The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
The financial statements were approved by the Board of Directors and were signed on its behalf by:
John Brown Dec 13, 2024 John Brown (Dec 13, 2024 16:53 GMT) ----------------------------------------------------------------------------John Brown Date
Company number: 05817167 Charity number: 1115316
The notes on page 8 - 14 form part of these accounts.
Page 7
## **SERVANT'S CHURCH LIMITED**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 30 APRIL 2024**
## **1 Statutory Information**
The charity is a charitable company limited by guarantee and is incorporated in the United Kingdom. The company's registered number and registered office address can be found on the Company Information page.
## **2 Accounting Policies**
These financial statements are prepared on a going concern basis, under the historical cost conventio.
These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102"), with the Companies Act 2006 and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.
The principles adopted in the preparation of the financial statements are set out below.
a) Going concern The trustees (who are the charitable company's directors for the purposes of company law) have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.
## b) Income
Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.
Income from donations includes:
i) Recoverable gift aid. This is recognised when the related donation is received. Gift aid that has not been recovered by the balance sheet date is included as a debtor.
ii) Donated facilities, services and goods. The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.
Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from church retreats and other events and courses.
Investment income represents income generated by the charity's assets and includes income from bank interest.
## c) Expenditure
Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.
The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.
The cost of raising funds is not significant and has not been separately disclosed.
Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.
Page 8
## **SERVANT'S CHURCH LIMITED**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 30 APRIL 2024**
## **2 Accounting Policies (continued)**
## d) Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.
## e) Tangible fixed assets
Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £500 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:
## Equipment Over 4 years
The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.
## f) Pension scheme arrangements
The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.
g) Taxation The company is a registered charity; it has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.
h) Financial instruments The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Except for loans, creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive). The charity recognises liabilities for the principal of those loans that remains outstanding at the year end (i.e. the liabilities exclude any interest chargeable on the loans in future years).
## i) Exemption from preparing a cashflow statement
The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.
j) Critical accounting estimates and areas of judgement The trustees do not consider that there are any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period.
## **3 Donations**
|**3**
**Donations**|||
|---|---|---|
|Donations of cash and similar
Income tax recoverable
**4**
**Income from charitable activities**
Conferences and events|2024
£
152,533
23,807
176,340
2024
£
5,867
5,867|2023
£
128,024
25,574|
|||153,598|
|||2023
£
4,877|
|||4,877|
Page 9
## **SERVANT'S CHURCH LIMITED**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 30 APRIL 2024**
## **5 Charitable expenditure**
|**5**
**Charitable expenditure**|||
|---|---|---|
|**a**
**Costs incurred directly on specific activities**
Salaries, travel and expenses
Children, youth and student ministry
Discipleship
Hospitality
Outreach
Technical
Rent
Facilities
Events and retreats
Other costs
Grants payable (note 5c)
**b**
**Costs incurred on support & administration**
Governance costs
Accounts and Independent examination
Other
Insurance, printing, postage and stationery
Bank loan interest payable
Depreciation of tangible fixed assets
**Total expenditure**|2024
£
104,597
4,397
2,238
4,593
1,656
1,813
17,108
7,641
6,417
-
150,460
19,865
170,325
2,400
340
2,740
4,850
420
713
8,722
179,047|2023
£
67,284
3,488
1,503
6,486
1,321
1,363
14,472
15,478
6,957
-|
|||118,353|
|||25,748|
|||144,101|
|||2,310
396|
|||2,706
4,492
569
964|
|||8,732|
|||152,833|
The fee payable to the independent examiner for preparing and examining the accounts was £2,400 (2023: £2,310); in addition the charity paid £125 (2023: £60) to Stewardship for consultancy services.
## **c Grants payable**
|Grants for UK and overseas mission
Grants for other purposes
The comparatives for the previous year are as follows:
Grants for UK and overseas mission
Grants for other purposes
The charity's principal grants to institutions comprised:
Home for Good
Friends International
In Deed and Truth ministries
Open Doors
FIEC
Grants to institutions for less than £1,000 each|Institutions
£
5,600
1,800
7,400
Institutions
£
3,760
2,500
6,260|Individuals
£
4,200
8,265
12,465
Individuals
£
5,385
14,103
19,488
2024
£
1,800
1,200
-
1,200
2,250
950
7,400|2024
£
9,800
10,065|
|---|---|---|---|
||||19,865|
||||2023
£
9,145
16,603|
||||25,748|
||||2023
£
1,800
1,200
700
-
-
2,560|
||||6,260|
Page 10
## **SERVANT'S CHURCH LIMITED**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 30 APRIL 2024**
## **6 Analysis of staff costs, the cost of key management personnel and trustee remuneration and expenses**
The average monthly number of employees during the year was 6 (2023: 5). Most of the charity's activities are carried out by volunteers.
No staff received salaries at a rate of more than £60,000 per annum.
The charity's key management comprise the trustees and the key staff named on the Company Information page. Total employment benefits payable to key management for the year were as follows:
|
benefits payable to key management for the year were as follows:|||||
|---|---|---|---|---|
|||Other|Employer||
||Wages &|employment|pension|2024|
||salaries|benefits|contributions|£|
|Trustees:|||||
|John Brown|36,399|-|3,016|39,415|
|The following amounts were payable in the previous year:|||||
|||Other|Employer||
||Wages &|employment|pension|2023|
||salaries|benefits|contributions|£|
|Trustees:|||||
|John Brown|31,550|-|2,531|34,081|
John Brown served as church leader and received the above payments for serving in that capacity, not for serving as a trustee; these payments are permitted by the charity's governing document.
## **7 Tangible fixed assets**
|Cost
At 1 May 2023
Disposals
At 30 April 2024
Accumulated depreciation
At 1 May 2023
Charge for the year
Eliminated on disposal
At 30 April 2024
Net book value
At 30 April 2024
At 30 April 2023
**8**
**Debtors**
**Falling due within one year:**
Tax recoverable
Prepayments and accrued income
**9**
**Cash at Bank and in Hand**
Cash at bank with immediate access
Notice deposits (with a term of three months or less)|Equipment
2024
£
25,015
(4,705)
20,310
23,420
1,340
(5,148)
19,612
698
1,595
2024
£
12,135
-
12,135
2024
£
40,447
1,043
41,490|2023
£
13,836
20|
|---|---|---|
|||13,856|
|||2023
£
39,615
627|
|||40,242|
Page 11
## **SERVANT'S CHURCH LIMITED**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 30 APRIL 2024**
## **10 Creditors**
|**itors**|||
|---|---|---|
|**Liabilities falling due within one year**
Trade creditors
Taxation and social security
Accruals
Loans|2024
£
4,461
1,032
6,870
6,000
18,363|2023
£
4,978
501
5,653
6,000|
|||17,132|
## **11 Creditors: amounts falling due after more than one year**
|**Creditors: amounts falling due after more than one year**|||||
|---|---|---|---|---|
|Loans
**Loans**
Repayable:
Within one year
Between one and five years
After five years|Otherwise
than by
instalments
-|By
instalments
6,000
7,500
-
13,500|2024
2023
£
£
7,500
13,500
7,500
13,500
2024
2023
£
£
6,000
6,000
7,500
13,500
-
-
13,500
19,500
Bank loans|2023
£
13,500|
|||||13,500|
|||||19,500|
## **12 Loans**
The bank loan referred to in the above notes is supported by the UK government Bounce Back Loan Scheme. Interest is payable at a fixed rate of 2.5%, and interest for the first twelve months of the loan is paid by the UK government. The loan is being repaid in monthly instalments (starting in 2022) and must be repaid in full by 2026.
## **13 Pension commitments**
During the year employer’s pension contributions totalling £3,850 (2023: £3,258) were payable to defined contribution personal pension schemes. No pension contributions were owing at the balance sheet date (2023: £nil).
## **14 Funds**
During the year the movements in the charity's funds were as follows:
|_General Unrestricted Funds_
Total Unrestricted Funds
_Restricted Funds_
Building Fund
Compassion Fund
Aggregate of funds|Opening
balance
2024
£
24,433
24,433
627
-
627
25,060|Incoming
resources
2024
£
180,628
180,628
1,319
500
1,819
182,447|Outgoing
resources
2024
£
(169,879)
(169,879)
(904)
(8,265)
(9,169)
(179,047)|Transfers
in the year
2024
£
(7,765)
(7,765)
-
7,765
7,765
-|Gains and
losses
2024
£
-
-
-
-
-|Closing
balance
2024
£
27,417|
|---|---|---|---|---|---|---|
|||||||27,417|
|||||||1,043
-|
|||||||1,043|
|||||||28,460|
The transfers referred to above were made for the following reasons:
a) From General to the Compassion Fund to offset the deficit in the restricted fund.
Page 12
## **SERVANT'S CHURCH LIMITED**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 30 APRIL 2024**
## **14 Funds (continued)**
## **Analysis of net assets by fund**
The assets and liabilities of the various funds were as follows:
|Tangible fixed assets
Debtors
Cash at bank and in hand
Creditors falling due within one year
In the previous year the movements in the
_General Unrestricted Funds_
Total Unrestricted Funds
_Restricted Funds_
Building Fund
Compassion Fund
Aggregate of funds|charity's funds
Opening
balance
2023
£
16,209
16,209
-
3,094
19,304|General
Designated
funds
funds
£
£
698
-
12,135
-
40,447
-
(18,363)
-
27,417
-
were as follows:
Incoming
Outgoing
Transfers
resources
resources
in the year
2023
2023
2023
£
£
£
155,326
(135,947)
(11,155)
155,326
(135,947)
(11,155)
840
(2,783)
2,570
2,424
(14,103)
8,586
158,590
(152,833)
-
Unrestricted Funds|Restricted
funds
£
-
-
1,043
-
1,043
Gains and
losses
2023
£
-
-
-|2024
£
698
12,135
41,490
(18,363)|
|---|---|---|---|---|
|||||28,460|
|||||Closing
balance
2023
£
24,433|
|||||24,433|
|||||627
-
|
|||||25,060|
## **Analysis of net assets by fund**
In the previous year, the assets and liabilities of the various funds were as follows:
|Tangible fixed assets
Debtors
Cash at bank and in hand
Creditors falling due within one year||General
Designated
funds
funds
£
£
1,595
-
13,856
-
39,615
-
(17,132)
-
24,433
-
Unrestricted Funds|Restricted
funds
£
-
-
627
-
627|2023
£
1,595
13,856
40,242
(17,132)|
|---|---|---|---|---|
|||General
funds
£
1,595
13,856
39,615
(17,132)
24,433|||
|||||25,060|
The Compassion Fund is a restricted fund used for the benefit of individuals facing financial hardship.
The Building Fund is a restricted fund to allow for future expenditure on buildings.
Page 13
## **SERVANT'S CHURCH LIMITED**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 30 APRIL 2024**
## **15 Transactions with related parties**
During the year the charity:
- a) received donations totalling £16,173 (2023: £21,793) from related parties (which includes trustees, any other members of key management and anyone closely connected to them).
- b) No expenses (2023: £nil) were paid to, or for, the trustees; reimbursements for expenses incurred when acting as agent for the charity or incurred when undertaking employment duties not connected with serving as a trustee are not included in this disclosure.
During the year the charity also made the following payments to, or for, related parties:
- a) Sarah Brown, who is closely related to John Brown, who is a trustee and a member of key management, received employment benefits totalling £2,470 (2023: £10,094) for providing pastoral services to the charity
The building used by the church is owned by Hillcrest Chapel Trust. In 2020 the Trustees of this charity became trustees of Hillcrest Chapel, and the church now occupies the building rent-free but with refurbishment responsibilities.
Except as disclosed in note 6 'Analysis of staff costs', there have been no other transactions with related parties during the year.
## **16 Members**
Each member of the company commits to contribute if the charity is wound up an amount of £10.
Page 14
## **SERVANT'S CHURCH LIMITED**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES**
## **FOR THE YEAR ENDED 30 APRIL 2024**
|Note
**INCOME AND ENDOWMENTS FROM:**
Donations
3
Charitable activities
4
Investments
**Total income and endowments**
**EXPENDITURE ON:**
Charitable activities:
5
**Total Expenditure**
**Net income/(expenditure)**
**Transfers between funds**
14
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
14||General
Designated
2024
2024
£
£
174,521
-
5,867
-
240
-
180,628
-
169,879
-
169,879
-
10,749
-
(7,765)
-
2,984
-
24,433
-
27,417
-
Unrestricted funds|Restricted
2024
£
1,819
-
-
1,819
9,169
9,169
(7,350)
7,765
416
627
1,043|Total
2024
£
176,340
5,867
240
182,447
179,047
179,047
3,400
-
3,400
25,060
28,460|||General
Designated
2023
2023
£
£
150,335
-
4,877
-
115
-
155,326
-
135,947
-
135,947
-
19,379
-
(11,155)
-
8,224
-
16,209
-
24,433
-
Unrestricted funds|Restricted
2023
£
3,264
-
-
3,264
16,886
16,886
(13,622)
11,155
(2,467)
3,094
627|Total
2023
£
153,598
4,877
115
158,590
152,833
152,833
5,757
-
5,757
19,303
25,060|
|---|---|---|---|---|---|---|---|---|---|
Page 15