Avenue Community Church, Leicester Report and Accounts year ended 31 August 2024
AVENUE COMMUNITY CHURCH, LEICESTER FOR THE YEAR ENDED 31 AUGUST 2024 CHARITABLE COMPANY INFORMATION DirectorslTrustees R J Brewster P Cansdale D R James G S McKinnon J D Murray M L Warriner resigned 31 December 2024 resigned 31 Dember 2023 appointed 6 April 2025 appointed 13 February 2024 Company Secretary K Rowe Lead elder R J Brewsler Governing Document Memorandum and Articles of Association dated 2 August 20C6 Company Registration Number 5894161 Charity Registration Number 1116079 Registered Office 36 Meadvale Road Leicester LE2 3WJ Independent Examiner Ajay Rajani FCIE Stewardship 1 Lamb's Passage London EC1Y 8AB Bankers CAF Bank Ltd 25 Kings HIS1 Ave West Malling, Kent, ME19 4JQ CONTENTS Page Charitable Company Information Report of the Directors and Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Accounts 8-12
AVENUE COMMUNITh CHURCH, LEICESTER REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 The trustees (who are also the company's directors for ihe purposes of company law) have pleasure in submitting the Report and Accounts for the year. Objects of the charitable company The Charitable Company's objects, as set out in its goveming document, are". a) to advance the Christian faith in accordance with the charity's Statement of Beliefs. b) to fulfil such other purposes that are exclusively charitable and are connected with the work of the charity. c) to relieve persons who are in conditions of need or hardship, including those who are in distress due to sickness or age. Avenue Community Church ("ACC') seeks to demonstrate the Christian faith in action by offering opportunities for the public to meet for worship and instruction in Christiantty using the Bible as its basis of teaching, and to fomi friendsftip and support groups in Leicester, the UK and Ihe world, and to relieve people in conditions of need or hardship. Govemment The policy and operating decisions of the Charitable Company rest with the trustees who meet regularly to monitor the activities of the Charitable Company. New trustees are recruited and appointed by a majority of existing trustees. The trustees have been made aware of the Charity Commission's 'Charity Governance Code, for smaller charities, and seek ways lo apply rts principles to the government of the Charitable Company. Revlew of actlvlties forthe public beneflt The church is not a building, but a community of ordinary people of different ages and b8ckgrounds, whose lives have been changed by Jesus Christ, the Son of God. The New Testament reveals the church as communÉty of people, property laughl and cared for, who by lovlng and servlng Jesus Chrlst, are also committed to love and care for each other and to be a blessing to the area in which they live. ACC, its Irustees, elders and members are committed to thls. Our vision is to serve the people of Leicesier, and see them come into an experience of knowing Jesus as their Lord, Saviour and friend. ACC has five core vales that are central to our life and witness - we want to be God-centred. Bible based,. a loving family,. reaching out,. Wfth everyone in)IVett. Nomrally ACC'S marn activities include Sunday gatherings, mid-week groups, teaching programs, children's and youth groups, and evangelislic meetings. I these groups are open to any member of the public. ACC continues to partner with SIM International (UK) in supporting two families from our church who are now living and working in Ethiopia and Nigeria. In addition to meeting on a Sunday moming at Avenue Primary School, ACC also meets in the evening during term time for Sundays @ Six- regular times of worship and discussion on various topics of interest. We support a number of our church individuals and families who have formed relationships and personal links with several local groups of national oharities, including.. 1. Open Hands Trust exists to make a powerful and lasting difference in the lives of those it serves, where every life is valued and compassion is given to and through people. 2. Safe Families UK, a charity that offer hope, belonging and support to children, families and care leavers., they do this primariEy, but not exclusively, with and Ihrough local churches. 3. Friends International. a Christian charity seeking to orow friendship and faith with international studenls in the UK and Ireland. We support this work in our city of Leicester. The Church is affiliated to the Fellowship of Independent Evangelical Churches (FIEC). The trustees have complied with the duty to have due regard to the public benefit guidan published by the Charity Commission, in particular, the specrfic guidance on charities for the advancement of religion.
AVENUE COMMUNITY CHURCH, LEICESTER REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 Safeguarding Statement We want everyone who comes into contact with us to feel safe, valued and cared for. We believe that each person is made in the image of God, and as a result has an inherent dignty and worth. As a church we take safeguarding seriously and we work with Socal and national organisation to help us to do all we can to keep everyone safe. We will fulfil all our legal duties to protect both children and Adu$ at Risk of Abuse, but we aim to go above and beyond and to discharge our safeguarding duties in a way that is biblically faithful and pleasing to our loving heaventy Father, who calls us to do justice. love kindness and to walk humbly before him. We commit to speaking to you openty and honestly if we have any GOnmS that you need to know about. If you have any concems or require any support of help, please do not hesitate to speak to someone that you trust within the church. For more information on our safeguarding policy and who to contsct with any safeguarding concerns, see our church website. Future developments ACC has continued to support and encourage the planting of a new church on the Eyres Monsell estate. On 27th June 2024 EyS Monsell Community Church was registered with The Charity Commission as Charitsble Incorporated Oraanisation. These accounts show income and expenditure through a restricted fund. 'Growing a Church for Eyres Monsell, {see Note 10). It is anticipated the balance on this restricted fund will be paid over to Eyres Monsell Community Church as a grant, along with a further regular grant commitment already provided for in these accounts. Flnancial review The financial statements on pages 6-12 summarise the incoming resources and application of resources during the year ended 31 August 2024. The result for the year was: Unrestricted funds: Net surplus for the year of £12,582 (2023: net surplus of £3,054) Reslricted funds.. Net surplus for the year of £14,865 (2023: net deficil of £4,184) Unrestrlcted reserves policy The trustees have established a policy whereby free resenies (which the trustees define as unrestricted general fvnds less fixed assets, less any debtor for loan repayments that do not fall due within the next 12 months) held by the charitsble company should be no less than £21,000 (which equates to approximately two months unrestricted expenditure) so that the charity could continue to operate should income andlor expendiiure vary unexpectedty. At the year end, the chaTiiYs free reseNes were approximately £58,000 and the charity is complying with its reserves policy. Having assessed the charitys reserves. and our expectations for income and expenditure, we are satisfied that the charity will be able to continue to operate for at least the next 12 months and these accounts have been prepared using the going concern assumption. Rfsk statement The trustees have reviewed the risks to which a small charty operating with few employees is exp)sed. Appropriate procedures are in place to identify. monitor and revtew these risks on a gU[ar basis.
AVENUE COMMUNITY CHURCH, LEICESTER REPORT OF THE DIRECTORS AND TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 Responsibilities of trustees under company law The Iruslees are Te5PDn5ible fDT PTeparing Ihe twsteeg annual TepDrt and Ihe financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accountino 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 accountinq policies and apply them consistently- 2. observe the methods and principles in the Charities SORP", 3. make judoements and estimates that are reasonable and prudent. 4. state whether the applicable accounting standards have been followed, subject to any material deDartures disclosed and exolained in the financial statements: and 5. prepare the financlal statements on a golng concern basis unless it is inappropriate to presume that the charitv will continue in ODeration. 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 foi taking reasonable steps for the prevention and detection of fraud and other irrequlan'ties. Approval This report, wttich has been PparEd fft aCG0ft*af witlr ouv/isrOrts of the Companies Act 2006 relating to small companies, was approved by the trustees and signed on their behalf by.. R J Brewster R J Brewster- Trustee Dated: 28 April 2025
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF AVENUE COMMUNrrY CHURCH, LEICESTER I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2024 on pages 6 to 12 following, which have been prepared on the basis of the accounting policies set out on pages 8 and 9. Responsibilitie8 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 accA)tdan(x with the requirements of the Companies Act 2006 {Ihe 2006 Act,). Having sab'sfied 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 charivs accounts as carried Olrt under section 145 of the Charities Acl 2011 (Ihe 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. Independent Examlnerfs Ststement 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 requwed by sedion 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the account$ do not compty wilh the accounting requirements of seclion 396 of the 2006 Act other than any requirement that the accounts give a 'true and fairf 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 Pfinciples of the Ststement 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 examinalion to which attention should be drawn in this report in order to enable a proper understsnding of the accounts to be reached. Ajay Rajani Ajay Rajani FCIE stewardship 1 Lamb's Passage London EC1Y 8AB Dated: 29 April 2025
AVENUE COMMUNITY CHURCH. LEICESTER statement ol Flnanclal A¢tlvhles Includlng Income and Expenditure Account FOR THE YEAR ENDED 31 AUGUST 2024 Unrestrficted Restricted General Designated Funds 2024 2024 2024 Total Funds 2024 Unreslricled Restricted General Designated Funds 2023 20rJ Total Funds 20T3 Note INCOME FROM t)onations Inveslmènl income Other income 128.365 1.316 367 62,075 190.440 366 7.682 367 137,319 515 114 22,795 160,114 515 114 Income from charrfable ac11vit5 Church events 13 356 1,815 266 394 Total income 130,(k%1 356 63,887 194,3)4 138,214 394 22,795 161,403 EXPENOITURE ON Charitable activiti&8 124,757 429 41,871 166,857 1 $5,811 443 6.279 162.533 Total expènditure 124,757 429 41.671 166,857 155,811 443 6,279 162,533 Net Incomellexpendlturel Transfers botween funds 17 22,216 27,447 117,5971 1491 16,516 11,130) Net movement In funds 12,724 {1421 14,8 27,447 3,103 1491 14.1841 11,1301 Recon¢lllatlon ol fvnds Total funds brought forward 45,884 142 1,607 47,633 42.781 191 5,791 48,763 Total funds carT4ed loNiard 142 The statement of financial activities includes all gains and losses recogntsed in the year. Al Income and expenditure derive from continuing operations. The Statement of financial activities also complies wth the requiiements for an income and expendf(ure account iequired by the Companies Act 2(JJS. The notes on page 8-12 form part of the6e accounts.
AVENUE COMMUNITY CHURCH, LEICESTER Balance Sheet as at 31 August 2024 Unrestricted Restricted Fund8 Funds 2024 2023 FIXED ASSErs Tangible assets 587 CURRENT ASSETS Debtors Cash at bank 3.722 72,295 76,017 1.125 16,063 17,188 4,847 6,461 88,358 49.902 93,205 56,363 CURRENT UABIUTIES Creditors falling due thin one year Not Currant Assets 17,409 58,808 716 16,472 18,125 9,317 75,080 47.046 NET ASSETS 16 472 75 080 47 633 FUND BALANCES Unrestricted fund8 General Funds Deswnated funds 58,608 58,808 45,884 142 58,608 48,026 58,608 Re3tri(th Funds io 16,472 16,472 1.607 75 080 47 Th& charitable company 18 èntitlod to eXeMpln from audit under Se¢Xknn 477 of the Conynieg Aca 2006 for the ar ended 31 Auoust 2024. The mombers h8%? not required the oimpany to obtain An audit of ts ffinan¢ial statsments for tho year ended 31 August 2024 in accordance Yath Seclron 476 of the Companies Act 2CrfJ6 h(vMver, in accordan with Section 145 of the these financial statements. The dire¢tOf8 (who are the chaibtable companvs trustee8 for the puoSe8 of ch8rity law) od(nowJedgg their re8ponsibilitiès for.. Companies Ad 2006 and Ib) pRparing finan¢ial stalements whi¢h give a true and fair view of the Stale of affairyJ of the ¢haritable compary as at the end of eath financial year and of its net income or expenditure for each financial year in a¢£Ortan with the requirnmenls of Sertn$ 394 and 395 and wlith LhPJw c£¥npty wth the reqUirerrtr of the Cony8riM Art 2( r8lallna lo flnanci81 ststements. so fai 85 8001icable to the charrtable com08nv. The finonry81 ststements have been prepared in accordance with the provision8 of Part 15 of the Companies Ad 2006 latff to companies. R J Brffiler R J 8rew$ter- Trustse D8ted.. 26 Awl 2025 CompafTry number 5894161 Chaiity number.. 1118079 The notes on page 8-12 fomi part of these accounts.
AVENUE COMMUNITY CHURCH, LEICESTER NOTES TO THE ACGOUNrs FOR THE YeAR ENOED 31 AUGUST 2024 1 Accounting Policies These financial slatementg are prepared on 8 gobng concem ba8, under the historical cost convention. These financial statements have been piepared in accordance with the Statement of Recommended PractKe.' Accounting and Reporti'ng by Charities preparing their accounts in a¢¢ordance wlh Ihe Finan¢tsl Reportlng Standard applicable in the UK and Republic of Iland IFRS 1021 I'lhe Chartties SORP"), w(th the Financial ReportirvJ Standard applicable in the Unitèd Kingdom and Republic ol Ireland I'FRS 10Y), with thè ¢ompanle$ A¢1 2006 and wlth the Chatilie8 Act 2011. The charity meets t definf(ion of a public benelf( entity as 6et out in FRS 102. The Iru8tees (who are the charitable companws directors for the purp$ ol company lawl have assessed whether the use ol the going concem basis is appropriate and hav& consid¢rod possibl& event$ or ¢ondlll¢n8 that mlght cast snIfICant doubl on the ability of the charity lo ctsnlinue as a going concern. The trustees have made this assessment for 4 period of al lea81 one year from the dale ol approval of the finan¢ial stst¢ments. In partkular the Irustees havtr ¢onsSder¢d the charity's forecasts and projections ar+d the po88ible implications should projected income and l or expenditure vary unexpectedly. The IN8tee8 have concluded that there is a reasonable expectation that the charity has adequate resour¢es to continue to opeTrte for the foreseeable future. The charty the¥efore continues to adopt the going eorttin basss in pr¢paring ils ftnan¢ial statomenl8. The prlneiples adopted in the prepardtion of the financial statement6 aTe 8et out below. Income Includlng Inve81menl income 18 Tecognised the period in which tho charity become8 entkled to receipt, the amount receivable can be m&asured wlh T?asonable sertainty, and Teceipl IB PTobablg, FOT Ih? most part, Income is generally re¢¢gni8ed when il l re¢elvÈd. Incomè is only deferred when the chartty has lo lulll ¢orKlkSon8 before b¢comlng entf(led lo It or where the donor has specified that thè Incomè18 lo be expended In 8 lulure rfOd. In¢om& from donatlon$ and legaeiè$ includ68 recoverable grfi aid, whi¢h 1$ ¢ogniSed when th• related donalltsn 1$ received. Glft ald that has not been w¢overed by the baL4n¢¢ $h¢&t dat¢18 In¢luded a6 a debtor. Incom& from chaiitabl¢ a¢llvllies represent$ in¢ome rs¢&lvobl from goods, ser¥lces and faeilllles Supplied In furtherance of Ihe charfty's cttaritable object$. 11 Includes income from church retreat6 and other events and course8. The ¢harity relies on volunteer8 to ¢ary out many ol Ils a¢llvltle8, partlcularly In leadlng worshlp seNl¢e$ and ¢ornmunty 8clivilleB, However, in accordance with the SOAP, the value ol Ihe8e 8trrvice8 h88 not be¢n Includtrd in Ihe6e financial stsl¢ment$ gs thèy cannot bè rèllably m¢a8ured. endlture Expendllure, Including Irro¢ovèrabl• VAT,18 r•¢ognl8gd wh•n tt 1$ In¢urr•d or, 11 eartl¢i, whon a ltsgal or con$tru¢tlv obllgallon for a paymert ari8e8 provlded that it Is probable that 8ettlement will be iequlred and the amount of the obligallon can bè measured fellably. 'rhe eharfty make8 grants to other Instltutlons and Indldal8 to frjrther Its charftable oblectlve8. Grants payable are recognlsed as constructive obligations arise, which is generally when the charity expres8e8 a commitment to the reciplenl that can be measured reliably and Ihen only to the extent that any condrttons 86sociated wlh the grant are oul8ide ol Ihe control of the charitv. Géntrral funds ara unr?stri¢led fvndty whlch are availablg for u8e al th discretion of th¢ trustees in furtheranc& ol the general objedives ol the charfty. DesSgnated funds eomprise unre811icted funds that have been sel aside by the trustees for particular PLtrposes. Restricted funds are donations whh are to be used in accordance with specific StctiOnS imposed by donors., they include donation6 received trom appeals for speclflc actlvltle8 or prolects. iblè ed 88èts Items purchased or donatèd for the chatty8 own use are ¢apf(allseil when the cost of purchased f(ems, or the Pdir value of donated Items, Is more than £5C¥J and th¢ ftem 1$ oxpeeled lo b¢nefft the chanly over more than one accountlng perfod. D¢pre¢lalSon 18 charged on a straSght1Sne b#8iB 80 a8 to wrfltr down the value of ea¢h 41 to its estimated residu81 value Irf any) ovor ts expe¢ted useful ¢conomic life. To achieve th18 objective equipment and ffttin9S are depreciated on a slraigh14ine basis over 3 to 7 years.
AVENUE COMMUNITY CHURCH, LEICESTER N07ES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 1 Accountlng Policies Icontinuedl e) Pension sche ear emgn The charity operdtes defined contribirtlon pen3ion 3chemes for its employee?. Obligations for contrSbutionB to these schemes 8Ytr recoon1s as an expense wh&n tho liabilty ari8e6. The aB8ets of these 8cheme8 are held separatety from th06e of the charity in independentty administered funds. Q Taxation The Company 16 a register¢d charty,. il has taken advarrta9e of the various reliefs from laKation available lo charities and no tax 18 payable on the Charity's irOMe. from re ann a cash flow Statement The charity has taken advantage of an exemption confeThed by the Chartlies SORP and has not prepared a cash Ilow 8tat¢menl. 2 Donation$ Total 2024 Total 2023 Other donations Ilncl. Glft Aid recover4bl¢l Trust grant8 and donations Church donations Corporate donation8 Donal¢d royaty in¢om 146,860 20,CX)) 15,177 7,966 437 142,968 15,985 161 3 Charitable actlvities Totsl 2024 Total 2023 Dlrect Charltable Costs Salaries and pension co8t8 Taxable staff And mlni$lry allowance6 Totsl staff costs Oth&r $l*ff and minlslryexpeftges Church ministrftr$ and a¢llvftio$ Restricted donations to mlnislry work Hall hire Chureh event8 Granto payabl• 98,368 107,302 743 108,04S ?1,889 7,418 604 10,479 2.143 Note 4 99.434 12,061 7,052 2,243 17,323 3,152 Note 10 Notè 3c 153424 153003 b Support & Admlni8tratlon General c08ts Depreeiats"on of equlpmont Fee for independent examination othet I#1 & prole88ional ¢o8ts 8,257 587 1,325 5,859 1,002 1.270 Combined charitable activity Cost GeneFal costs In¢ludo8 fees totalllng £71312023= £7691 payable to Stewardship, the Independent ExamineT, for payroll bureau Service6. c Grants payable In6trtulion8 Indlviduals 2024 2023 Grants loy UK and overseas mlssion.. SIM Intematlonal UK UCCF Friends Intemalion#l Ewes Monsell Gommunty Church University Chri3tsan Unions Other grant Grants to support the disadvanlaged.. Open Hand8 Trust (Leicester) 5,750 1,125 9,250 5,750 1,125 1,250 6,200 1,275 750 Note 10
AVENUE COMPMINITY CHURCH, LEICESTER NOTES TO THE ACCOUNTS FOR ThE YEAR ENDED 31 AUGUST 2024 4 Staff costs and trustee femunèration 2024 2023 Gross wages, tsalarie8 and taxable experMe6 Ernployer's Nalional Insurance CDB18 Pension costs Total staff costs 3,159 3,610 7,737 The aver8ge monthly number ol emplow during the w8s 3.3 (2023.. 4.3). equated to 2.8 {2023.' 3.51 fvii tlme equlvalent stsff. M08t of the char(118 actlvities are carried out by volunteers. No 8taff received 8alafle8 at a rate of more than £60,COO perannum. The chariws key management eompri8e the Iruslee6 Med on Éhe Company InfomiatM)n page. Total employment beneffts payable to key managefngnt lor the year were a6 follow8.' Employer Wages & p¢nslon 8•1aries ¢ontrSbLrtlons 2024 Total R J Bwrnter D R James {named ITLl¥teo untll 31 De¢ÈmbÈr 23) 38,C63 32,774 2.727 35,501 76 499 8 months of th$ *bovtr employment beneff(8 for D R Jame8 have boen allo¢ated a8 an expendlturtr k¢m lo Growlng a Church for Eyr¢$ Mon8¢11, a r¥8trlct¢d frjnd IBQ? note 10). Employei Wage8 & pension 6alarte8 conlributlon6 2023 Total R J Brew8ler D R James lin¢1 r¥lated party- L J Jarnè810 31 December 20221 36.063 27,910 2.786 2,231 38,849 R J 8rew8ler and D R James Served a8 church leader6 and received the above paynRnl8 for 8oNing In that capacity, not lor 8eNing a8 Iruslee6'. these payments are permitted by the charitys goyemlng document. 6 Tanglble Fixèd set8 Equlpment 8 Fittlng8 Total 2024 Total 2023 Cost Opening Balance Addf(lon$ Dispo6a18 Closing 8alane• 7,743 7,743 7,743 7.743 7,743 ,743 A¢¢umulaled Depreclatlon Opening Balance Charge lor the year Di6P06als Closlng Baknce Net book value At 31 August 7,156 587 7,156 587 6,154 1,002 T,743 7,743 7,156 587 6 Debtors and Prepaymenls 2(r24 2023 Falling due wthin one year.. PPayrnents HMRC-Gift Aid tax Staff loan Other6 1,707 244 10D 6,217 4,847 Falllng due after one year.. staff loan 244 Total debto 10
AVENUE COMMUNITY CHURGH, LEIGesTER NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2 7 Cash at 8ank and in Hand 2024 2023 Bank operating account$ 8ank deposrts Petty ¢a$h 87,261 21,082 15 29,354 20,546 49 902 8 Creditors falling due within one year 2024 2023 Constructive grnnt obllgatict Trade credltors AccNals 15,084 744 6,475 18 125 9 Designated Funds Durlng the year the movement8 on the charity'8 degnated fvnds were 86 follows.. Opening balance 2024 Transfers Expenditure in the year 2024 2024 Closlng balance Incomo 2024 2024 Church events 142 142 356 429 429 69 In the prev1¢ year. the movem¢nts on Ihe ¢haW$ de81gnat¢d funds were 88 lollows.. Opening balan 2023 Transltrrs Expenditure In the year 2023 2023 Closlng balance 2023 Income 2023 ChL¢rch trvents 191 191 394 394 443 443 142 142 11
AVENue COMMUNITY CHURCH, LEICESTER NOTES TO THE ACCOUNTS FOR TrSE Ya4R ENOED 31 AUGUST 2024 10 Restricted Funds DUn9 the yearthe movernenls on the chanty's triCte{l funds were as follows.. Opening balance 2024 Transfers ExpendItU In the year 2024 2024 Closlng balarKe 2024 Income 2024 other ministry work Growlng a Chur¢h for Eyr¢s Al¢in¥olP Church events (1,99)) {37,8541 027 I,t77 (7,900) 549 16,Q49 423 other mlni¥try wDrk incE>mp and expendilure in 223r24 includè Yèstiicted dtsna1rts Df £1,990 frDm indfviduals. gifted lo help famlllè# faclng hardshlp. Growng a Church lor Eyres Monsell fund represents funds reslri¢livety lliven for 8etting up a new church in the toeal area. Growng a Church for Eyres Monsell exp$ndllure In¢lude8 £253 glfted a8 part of those activities. The transfer 01£7,5( to gerreral Vre6ents 8PPtVKinTately 70% alone e¢nplOYee employment eotsts lor 4 morth8. whi¢h wetE deemed to relal? to the Growing a Church for Eyre8 Mon8ell fund. In the prevlou8 year, the movements on the charitys restricted funds 6%re ag follows.. Openln9 balance 2023 TranBfeT8 ExperKifiure in the year 2023 2023 ctoetng balance 2023 Income 2023 other minislry w¢rk GTOlg a Church for Eyres Mon8&11 Church events 1,412 21,383 <1,4121 (4,8671 5,361 430 120,7001 1,177 430 Other mlnl$try work In¢ome and expendmw In 2022123 Include re8trfcled donallons from IndlvidualB of £412 and £1,000 gr8nt from 8 local trust support of mln181ry work c•rrf¢d out by a church volunteer for Carazo Chrf6lian Academy In Nicaragua. Growing a Church for Eyres Mon6ell nd repsetts fund8 re8trictively given lor GettirrfJ up 8 new church In thè lo¢al ar¢a. Gfowing a Church lor Eyres M¢nsell donallon expendf(ure amounltd lo £192. The Iransfgr of £20,7001o general fvnds ropre8onl8 approximately 70QA ol one emptoyee'6 employment C06t8, whieh werè deemed to relat Its the Gron9 ¥ Church for Ey5 Mon¥el1 fvnd. At 31 August 2023 th• charftws Btride fvnd$ werg mainty repre8ent¢d by debtors of £1,385 plu$ ¢osh of £1,383 te88 ¢redf(ors of £1,161. 11 Transactlons with reialed parti•s Ourfna thè year the charity.. al received donationB totalling £11,931 12023.. £13,281) from relat partls)s Iwhl¢h Include8 IrL*slees and anyone ¢108ely connected to them). b) paid expenses tolallino £1212023.. £3071 lor a twstee$' retreat and Iralnlng day, whereby 4 12023.. 41 tru6tee8 benefrted. Except for the reimbursement of expenses Incurre(I when actlng as agent tor the charity or Incurred wh¢n undertaking employm&nt dulSe$ not connected th servlng as a trustee, no other expenses were paid to lor for) tru6te¢$ or anyone relaled to th¢m. In 2019 the charity lent £7,399 to R J BKgWStfrr lan employee and Iruslw) for f4brlcation ol an out building, which is principally a8 an office for church business. The loan Is Interest free and unsecured. The loan is repayable In monthty instalmenls, which commenced in November 2019, over S years (see note e 'DebtOTS'I. Dunno the year R J Brewster r¢pald £1,46412023'. £1.4641 and the loan outstanding at the year end was £24412023.. £1,708). 12 Events since the year end Since the year end ACC has paid over to Eyres Monsell Communty Church a grant, which represented the balan¢0 on the restricted fund. 'Growing a Church for Eyres Mortsell, at 31 Augu6t 21Y24, plus or minus any further movements on the fund arising after that dale. 13 Members Each member ol the company commits to contribute if the charity 18 wound up an amount of £10. 12