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← St Luke's Church

2025-03-31-accounts

Charity registration number 1119572 (England and Wales)

Company registration number 05977613

ST LUKE'S CHURCH

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

ST LUKE'S CHURCH

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees J McMahon
S Sullivan
S Brown
D Hardy
M Sullivan
G Matthews (Appointed 28 November 2024)
Charity number (England and Wales) 1119572
Company number 05977613
Registered office St Lukes Church
Carlton Road
Pontefract
West Yorkshire
United Kingdom
WF9 2QQ
Independent examiner Sedulo London Limited
Office 605 Albert House
256 - 260 Old Street
London
United Kingdom
EC1V 9DD

ST LUKE'S CHURCH

CONTENTS

Page
Trustees' report 1 - 4
Independent examiner's report 5
Statement of financial activities 6
Balance sheet 7
Statement of cash flows 8
Notes to the financial statements 9 - 23

ST LUKE'S CHURCH

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 MARCH 2025

The trustees present their annual report and financial statements for the year ended 31 March 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)".

Objectives and activities

The objectives of the charity as set out in the Memorandum of Association are:

(i) the advancement of the Christian faith in accordance with the Statement of Faith of The Assemblies of God in such ways and in such parts of the United Kingdom or the world as approved by the trustees from time to time;

(ii) to relieve sickness and financial hardship, and to promote and preserve good health by the provision of funds, goods or services of any kind including through the provision of counselling and support in such parts of the United Kingdom or the world as approved by the trustees from time to time; and

(iii) to advance education in such ways and in such parts of the United Kingdom or the world as the directors from time to time may think fit.

These objectives reflect the aims of the charity to promote the Christian faith and follow that faith by providing community facilities and local and overseas ministration.

The charities main activities, as described below, focus on the provision of services to the local community and advancement of the Christian faith within and beyond that community.

Public benefit

With reference to the duty in section 17(5) of the Charities Act 2011, the trustees confirm that they have referred to the Charity Commission's guidance on public benefit when reviewing the charity's aims and objectives and in planning its current and future activities. The achievements and activities outlined in this report demonstrate the public benefit arising from the charity's activities.

Significant activities

In accordance with our objectives the principal activities of the charitable company during the period were the provision of Christian ministration to the users of St Luke's Church, together with community centre facilities, pre-school services and day care services.

At St Luke’s we provide daycare nursery services for children between the ages of 3 months to 5 years and pre-school services to children between the ages of 2 to 5 years, providing high quality childcare and learning in a safe environment. We are inspected by OFSTED and required to provide a broad and balanced curriculum, based on the governments Early Learning Goals. The nursery and pre-school enjoys an excellent reputation within the local community and is very well supported by parents.

We continue to operate the café, which is open to the community, housed during the period in our church building on Barnsley Road, South Elmsall, through which we also run our ‘Let's Be Friends’ befriending service for lonely and isolated members of our community. We also continue to support the One-by-One Orphanage in Kenya through church donations in the café.

ST LUKE'S CHURCH

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Volunteers

St Luke's employs many suitably qualified staff, but we also continue to benefit from the time and effort donated by many volunteers who enable us to operate all our various activities, in particular with regard to the Café and Let's Be Friends service.

All volunteers are subject to vetting under DBS disclosure and follow a detailed induction process on their roles and responsibilities, to ensure that our standards of service delivery are maintained.

As trustees we are grateful for the many volunteers who serve across our various activities. As a result, a significant part of our costs are met from volunteered time. These have not been quantified in financial terms and have not been included in the statement of financial activities.

Achievements and performance

During the year further refurbishment works have continued to take place across all of our premises.

The nursery and pre-school has successfully - following our merger into one site - continued to enroll more children and has operated at or near to capacity throughout the year. We are pleased to report that the care provided by the nursery and preschool ensures that many enquiries are received. The nursery and pre-school setting was judged to be ‘Good’ by OFSTED following their recent inspection.

Our café remains open to provide an environment for local adults to meet during the day, and the church continues to open its facilities to local groups to build on its community ethos.

Our ‘Let’s Be Friends’ befriending service for lonely and isolated members of our community is also held at the café and is staffed by volunteers is continuing to provide activities, days out and an opportunity for people to meet new friends.

ST LUKE'S CHURCH

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Financial review

The charity's income for the year totalled £980,082 (2024: £848,470) against expenditure of £965,565 (2024: £1,038,026) leading to a surplus of £14,517 (2024: deficit of £189,556).

Included in expenditure in the prior year was the impairment of the charity's nursery premises at Barnsley Road in advance of its sale which led to a loss of £110,004. After an expected sale in 2024/25 was not completed, the property is now being marketed again and the asset continues to be held at expected sale value.

The charity's decision to consolidate all its nursery activities at its main community base on Carlton Road and sell the Barnsley Road property will enable the charity to release cash funds that will be utilised to settle loans and replenish working capital.

Going concern

The charity had a negative net current asset position at the balance sheet date (liability of £26,671; 2024: £34,446) and the trustees are aware that the availability of cash funds currently poses the biggest ongoing risk to the charity's going concern status.

However, in order to mitigate these concerns, in the year ended 31 March 2023 the trustees made the decision to close the charity's nursery premises at Barnsley Road, and consolidate all nursery activities at the charity's main community base on Carlton Road, which will increase operational efficiency.

The transfer of nursery staff and pupils to the refurbished site occurred in mid-2023 once all necessary consultations were completed and conversion works completed and signed off. The refurbishment and conversion works were initially funded from existing cash reserves and a bank loan but as noted above the Barnsley Road Nursery site is due to be sold with proceeds utilised to settle that borrowing, significantly replenish cash reserves and improve the current asset position.

While cash reserves are currently still low, it is also noted that the charity was able to generate a surplus in the year ended 31 March 2025 of £14,517, indicating the improved operating profitability achieved from the restructure. Improved results are also expected in the year ended 31 March 2026 which should further increase cash held.

The trustees are therefore satisfied with the financial position of the charity and its ability to meet its ongoing commitments, after taking into account the financial risks and uncertainties outlined in this report.

Reserves policy

The trustees' policy aim is to achieve free reserves, which are unrestricted funds less designated funds, at a level sufficient to cover charitable and governance costs for a period of six months in order to ensure the future stability of the charity. The charity has yet to achieve this level of reserves but the trustees note that reserves are due to be substantially increased by the expected sale of property.

Principal funding sources

The charity's principal sources of income are fees charged for the nursery and funding from Wakefield Metropolitan District Council. Fundraising and voluntary income provide further funding for the charity.

Major risks

As trustees we recognise the potential uncertainty over future funding levels and nursery occupancy and costs, particularly in light of inflation and its effect on wages, energy, food and consumable prices, which are considered to be the principal financial risks facing us as a charity. We continue to monitor them regularly, making adjustments to our activities and plans as required.

ST LUKE'S CHURCH TRUSTEES. REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Plans for luture periods The 2025126 period will see the charity continue wlth its nursery activitie5 at the Carlton Road 51te and the trustees expect that thi5, and the sale of the 8arnsley Road property - as outlined above - will support the charity'5 ongoing work to become flnancially su5talnable in the long terrn. The charity hès also made the decision that in 2025126 It wlll no longer be affiliated wlth Assemblie5 Of God and wlll create its own staternent of faith. St wlll however. continue its other CO￿ activities, including running its café and the 'Let's Be Friend5, befrlendlng service. Strurture. governance and Management The charity Is controlled by its Memorandum and Artlcles of A55oclatlon, and constltutes a Ilmited company, limlted bv guarantee, a5 defined by the Companies Act 2006. The tru5tee5, who are also the directors for the purpose of company law. and who served during the year were.. J Mcmahon S Sulllvan S 8rown R Matthews D Hardy M Sulllvan G Matthews IReslgned 15 July 20241 (Appointed 28 November 20241 Recruitment ond oppointment of trustees Trustees comprise the senior minister and other ministers of the church and others nomlnated by the senlor minister and ratifled by the trustees. Trustee5 are not required to retlre by rotation. None of the trustees has any beneficial Interest in the company. All of the trustees are member5 of the company and guarantee to contrSbLSte £1 In the event of 3 windlng up. orgonisatlono15tructure The trustees are responslble for all Strategic and financial declslons of the charity and meet on a regular basis throughout the year to Set 5trateglc goals, budgets and procedures. The trustees are also re5ponslble for overall operatlon and management of the charity. Some day to day decisions are delegated to senior staff In the Nursery who report to the Trustees. Indurtion and training of trustees All trustees slgn a declaration that they are not barred from standlng and are vetted through DBS d15c105ure. All new trustees are issued with an induction pack and invited to attend an inductlon meeting where they are glven an overview of the work of the charity and their duties and reswn5ibilities are clarified. The tru ee re ed by the Board of Trustees. MSU Trustee livan 22 December 2025 Date:

ST LUKE'S CHURCH

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF ST LUKE'S CHURCH

I report to the trustees on my examination of the financial statements of St Luke's Church (the charity) for the year ended 31 March 2025.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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 financial statements to be reached.

Emma Houghton FCCA

Sedulo London Limited

Office 605 Albert House 256 - 260 Old Street London EC1V 9DD United Kingdom

Dated: 22 December 2025

ST LUKE'S CHURCH

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted
funds
2025
Notes
£
Income and endowments from:
Donations and legacies
2
614,533
Charitable activities
3
341,401
Other trading activities
4
6,467
Investments
5
556
Other income
6
135
Total income
963,092
Expenditure on:
Raising funds
7
1,401
Charitable activities
Nursery
8
827,832
Church
8
111,505
Other
8
23,059
Total expenditure
963,797
Net income/(expenditure)
(705)
Transfers between funds
(77)
Net movement in funds
10
(782)
Reconciliation of funds:
Fund balances at 1 April 2024
1,067,361
Fund balances at 31 March 2025
1,066,579		 Restricted
funds
2025
£
16,990
-
-
-
-
16,990
-
1,395
-
373
1,768
15,222
77
15,299
2,104
17,403		 Total
Unrestricted
funds
2025
2024
£
£
631,523
437,728
341,401
405,636
6,467
3,448
556
504
135
797
980,082
848,113
1,401
874
829,227
777,593
111,505
241,509
23,432
17,547
965,565
1,037,523
14,517
(189,410)
-
(42)
14,517
(189,452)
1,069,465
1,256,813
1,083,982
1,067,361		 Restricted
funds
2024
£
357
-
-
-
-
357
-
-
-
503
503
(146)
42
(104)
2,208
2,104		 Total
2024
£
438,085
405,636
3,448
504
797
848,470
874
777,593
241,509
18,050
1,038,026
(189,556)
-
(189,556)
1,259,021
1,069,465

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

ST LUKE'S CHURCH BALANCE SHEET AS Af31 MARCH 2025 2025 1024 Note5 Flxed asset5 Tangible assets 14 1.261.856 1,267.174 Current assets Debtors Cash at bank and In hand Is 27.074 33,725 35,563 27.804 60,799 187,470) 63,367 197.8131 Credltors: amounts falling due wlthin one year 16 Net Current Ilablllties 126.6711 134,4461 Total assets le$5 current Ilabi1Stles 1,235,185 1,232,728 Creditors: amounts falllns due after more than one year 17 1151,2031 1163,2631 Net assets 1.083,982 1,069,465 The funds of the charlty Restricted funds Unre5trlcted funds 20 17,403 1,066.579 2,104 1,067,361 1.083,982 1,069,465 The company is entitled to the exemption from the audit requirement contained In section 477 of the Companies Act 2006, for the year ended 31 March 2025. The directors ocknowledge their re5ponsiblllties for complying with the requirements of the Companie5 Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audlt of its financial 5tstements for the year In question in accordance with Section 476. These financial Statements have been prepared in accordance with the provisions applicable to companies subject to the small ompanie5 regime. ate 22 December 2025 pproved by the trustees on ......................... Sulliv Trustee Company registration number 05977613 (England and Wales)

ST LUKE'S CHURCH

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2025

2025 2024
Notes £ £ £ £
Cash flows from operating activities
Cash generated from operations 26 65,771 19,932
Investing activities
Purchase of tangible fixed assets (49,950) (27,350)
Proceeds from disposal of tangible fixed assets 319 890
Investment income received 556 504
Net cash used in investing activities (49,075) (25,956)
Financing activities
Repayment of bank loans (10,775) (9,021)
Net cash used in financing activities (10,775) (9,021)
Net increase/(decrease) in cash and cash equivalents 5,921 (15,045)
Cash and cash equivalents at beginning of year 27,804 42,849
Cash and cash equivalents at end of year 33,725 27,804

ST LUKE'S CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

Charity information

St Luke's Church is a private company limited by guarantee incorporated in England and Wales. The registered office is St Lukes Church, Carlton Road, Pontefract, West Yorkshire, WF9 2QQ, United Kingdom.

1.1 Basis of preparation

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

The charity had a negative net current asset position at the balance sheet date (liability of £26,671; 2024: £34,446) and the trustees are aware that the availability of cash funds currently poses the biggest ongoing risk to the charity's going concern status.

However, in order to mitigate these concerns, in the year ended 31 March 2023 the trustees made the decision to close the charity's nursery premises at Barnsley Road, and consolidate all nursery activities at the charity's main community base on Carlton Road, which will increase operational efficiency.

The transfer of nursery staff and pupils to the refurbished site occurred in mid-2023 once all necessary consultations were completed and conversion works completed and signed off. The refurbishment and conversion works were initially funded from existing cash reserves and a bank loan but as noted above the Barnsley Road Nursery site is due to be sold with proceeds utilised to settle that borrowing, significantly replenish cash reserves and improve the current asset position.

While cash reserves are currently still low, it is also noted that the charity was able to generate a surplus in the year ended 31 March 2025 of £14,517, indicating the improved operating profitability achieved from the restructure. Improved results are also expected in the year ended 31 March 2026 which should further increase cash held.

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.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

ST LUKE'S CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount.

Nursery fees

Income relating to fees for attendance at the Charity's nursery is recognised by the Charity when the relevant nursery sessions have occurred and there is entitlement to the funds. Any fees billed to nursery clients in the period of these accounts but relating to sessions after the balance sheet date have been deferred and are included in creditors. Similarly, fees relating to the accounts period that were billed after the balance sheet date have been accrued and included on debtors.

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

Raising funds

Costs of generating funds are those costs incurred in attracting voluntary income and include the costs associated with fundraising activities.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings 10% on cost and 2% on cost Plant and equipment 25% on reducing balance Fixtures and fittings 25% on reducing balance Computers 25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

Expenditure on small items of equipment which are routinely replaced are written off to repairs and not capitalised.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

ST LUKE'S CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

ST LUKE'S CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

2 Income from donations and legacies

Unrestricted
Restricted
funds
funds
2025
2025
£
£
Donations
8,692
-
Gift aid
34,543
-
Grants
571,298
16,740
Missions
-
250
614,533
16,990
Grants receivable for core activities
WMDC education funding -
3 year olds
266,434
-
WMDC education funding -
2 year olds
188,095
-
WMDC education funding -
under 2 year olds
99,349
-
One-to-one
17,420
-
REPF - playground
-
16,740
571,298
16,740		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
8,692
10,494
-
34,543
33,001
-
588,038
394,233
-
250
-
357
631,523
437,728
357
266,434
261,505
-
188,095
95,374
-
99,349
-
-
17,420
37,354
-
16,740
-
-
588,038
394,233
-		 Total
2024
£
10,494
33,001
394,233
357
438,085
261,505
95,374
-
37,354
-
394,233

WMDC education funding - 3 year olds

An annual education award from Wakefield Metropolitan District Council (WMDC) for the core funding expenditure of the nursery. This is payable in three-term periods based on the numbers and eligibility of the children.

WMDC education funding - 2 year olds

An annual education award from Wakefield Metropolitan District Council (WMDC) for the core funding expenditure of the nursery. This is payable in three-term periods based on the numbers and eligibility of the children.

WMDC education funding - under 2 year olds

An annual education award from Wakefield Metropolitan District Council (WMDC) for the core funding expenditure of the nursery, following the extension of the age profile of the nursery to include children under two. This is payable in three-term periods based on the numbers and eligibility of the children.

One-to-One

One to One funding is an award from Wakefield Metropolitan District Council (WMDC) towards the cost of staffing to assist children with additional needs.

REPF - playground

Playground funding is a restricted grant from The Rural England Prosperity Fund (REPF) intended for the redevelopment of the nursery's playground. The funds were fully expended in the year ended 31 March 2025 and the resulting playground is being held as a restricted fixed asset with an estimated life of 10 years.

ST LUKE'S CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

3 Income from charitable activities

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Nursery
Nursery fees 325,506 389,967
Café
Sales income 7,804 8,289
Let's Be Friends
Contributions 8,091 7,380
341,401 405,636
4 Income from other trading activities
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Fundraising events 3,857 2,044
Rents received 1,475 1,404
Sale of miscellaneous goods 1,135 -
Other trading activities 6,467 3,448
5 Income from investments
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Interest receivable 556 504

ST LUKE'S CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

6 Other income
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Net gain on disposal of tangible fixed assets 135 797
7 Expenditure on raising funds
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Fundraising
Seeking donations, grants and legacies 1,401 874

ST LUKE'S CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

8 Expenditure on charitable activities

Direct costs
Staff costs
Depreciation and impairment
Premises costs
Insurance
Advertising
Telephone, postage & stationery
Consumables & equipment
Ministry
Donations
Food & refreshments
HSA
Licenses
Subscriptions
Training
Missions
Bad debts
Mortgage & loan interest
Share of support and governance costs (see note 9)
Governance		 Nursery
2025
£
691,389
8,694
55,033
6,772
739
11,412
12,614
-
1,989
21,806
-
2,292
1,024
888
-
2,444
-
817,096
12,131
829,227		 Church
2025
£
29,841
43,769
7,333
-
4
2,677
5,887
866
445
445
399
612
3,441
-
-
-
14,119
109,838
1,667
111,505		 Other
2025
£
-
2,621
6,455
-
-
1,313
2,254
-
1,074
9,023
-
27
-
-
327
-
-
23,094
338
23,432		 Total
2025
£
721,230
55,084
68,821
6,772
743
15,402
20,755
866
3,508
31,274
399
2,931
4,465
888
327
2,444
14,119
950,028
14,136
964,164		 Nursery
2024
£
648,039
3,994
43,250
8,606
-
10,551
8,209
-
484
22,346
-
2,389
2,609
1,523
-
8,167
-
760,167
17,426
777,593		 Church
2024
£
35,393
163,979
8,188
-
545
1,337
5,698
732
757
44
360
638
5,174
-
-
-
15,760
238,605
2,904
241,509		 Other
2024
£
-
1,553
5,757
-
-
1,252
607
-
1,156
6,853
-
-
-
-
457
-
-
17,635
415
18,050		 Total
2024
£
683,432
169,526
57,195
8,606
545
13,140
14,514
732
2,397
29,243
360
3,027
7,783
1,523
457
8,167
15,760
1,016,407
20,745
1,037,152

ST LUKE'S CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Expenditure on charitable activities
Analysis by fund
Unrestricted funds
Restricted funds		 827,832
1,395
829,227		 111,505
-
111,505		 23,059
373
23,432		 962,396
1,768
964,164		 777,593
-
777,593		 241,509
-
241,509		 (Continued)
17,547
1,036,649
503
503
18,050
1,037,152		 (Continued)
17,547
1,036,649
503
503
18,050
1,037,152
1,037,152

8 Expenditure on charitable activities

ST LUKE'S CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

9 Support costs allocated to activities

Governance costs
Analysed between:
Nursery
Church
Other
Governance costs comprise:
Independent Examiner's fee
Accountancy
Legal and professional
Finance charges
10
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial statements
Depreciation of owned tangible fixed assets
Impairment of owned tangible fixed assets
Profit on disposal of tangible fixed assets
Operating lease charges		 2025
£
14,136
12,131
1,667
338
14,136
2025
£
650
2,662
9,779
1,045
14,136
2025
£
650
55,084
-
(135)
3,720		 2024
£
20,745
17,426
2,904
415
20,745
2024
£
650
5,230
13,616
1,249
20,745
2024
£
650
59,522
110,004
(797)
-

11 Trustees

Remuneration was made to Rev M Sullivan of £29,107 (2024: £29,107) and Mrs J M McMahon of £1,691 (2024: £15,248) for their services as minister/nursery manager and administrator respectively. Remuneration was also made to Mrs G Matthews, who was appointed as a trustee on 28 November 2024 and is paid in respect of her employment as Finance Manager. The value of remuneration paid to G Matthews after her appointment was £6,431 (2024: £nil)

In addition, job related accommodation and related utility costs are provided to the Rev M Sullivan in his capacity as Minister to St Luke's Church.

No remuneration is paid to Trustees in respect of their activities as Trustees.

ST LUKE'S CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

12 Employees

The average monthly number of employees during the year was:

Charitable activities
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2025
Number
50
2025
£
675,845
34,167
11,218
721,230		 2024
Number
50
2024
£
648,046
26,448
8,938
683,432

There were no employees whose annual remuneration was more than £60,000.

13 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

14 Tangible fixed assets

Freehold land
and buildings
£
Cost
At 1 April 2024
1,727,956
Additions
27,014
Disposals
-
At 31 March 2025
1,754,970
Depreciation and impairment
At 1 April 2024
511,369
Depreciation charged in the year
31,750
Eliminated in respect of disposals
-
At 31 March 2025
543,119
Carrying amount
At 31 March 2025
1,211,851
At 31 March 2024
1,216,587		 Plant and
equipment
Fixtures and
fittings
£
£
49,135
135,610
2,280
9,562
(1,713)
-
49,702
145,172
45,003
116,483
1,156
6,305
(1,529)
-
44,630
122,788
5,072
22,384
4,132
19,127		 Computers
£
249,702
11,096
-
260,798
222,376
15,873
-
238,249
22,549
27,328		 Total
£
2,162,403
49,952
(1,713)
2,210,642
895,231
55,084
(1,529)
948,786
1,261,856
1,267,174

ST LUKE'S CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

14
Tangible fixed assets
15
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
16
Creditors: amounts falling due within one year
Notes
Bank loans
18
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income
17
Creditors: amounts falling due after more than one year
Notes
Bank loans
18
18
Loans and overdrafts
Bank loans
Payable within one year
Payable after one year
Amounts included above which fall due after five years:
Payable by instalments		 (Continued)
2025
2024
£
£
25,331
33,497
1,743
2,066
27,074
35,563
2025
2024
£
£
11,936
10,651
2,786
2,270
1,632
7,552
54,184
54,491
16,932
22,849
87,470
97,813
2025
2024
£
£
151,203
163,263
2025
2024
£
£
163,139
173,914
11,936
10,651
151,203
163,263
-
101,032		 (Continued)
2025
2024
£
£
25,331
33,497
1,743
2,066
27,074
35,563
2025
2024
£
£
11,936
10,651
2,786
2,270
1,632
7,552
54,184
54,491
16,932
22,849
87,470
97,813
2025
2024
£
£
151,203
163,263
2025
2024
£
£
163,139
173,914
11,936
10,651
151,203
163,263
-
101,032
35,563
2024
£
10,651
2,270
7,552
54,491
22,849
97,813
2024
£
163,263
2024
£
173,914
10,651
163,263
101,032

ST LUKE'S CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

18 Loans and overdrafts

(Continued)

Long-term loans include a mortgage loan secured by a fixed charge over certain of the charity's freehold properties. The total secured borrowings at the balance sheet date were £125,282 (2024: £130,332)

19 Retirement benefit schemes

Retirement benefit schemes
2025 2024
Defined contribution schemes £ £
Charge to profit or loss in respect of defined contribution schemes 11,218 8,938

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

20 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 April 2024 Incoming Resources Transfers At 31 March
resources expended 2025
£ £ £ £ £
Missions - 250 (327) 77 -
Community Garden 2,104 - (46) - 2,058
Playground - 16,740 (1,395) - 15,345
2,104 16,990 (1,768) 77 17,403
Previous year: At 1 April 2023 Incoming Resources Transfers At 31 March
resources expended 2024
£ £ £ £ £
Missions 58 357 (457) 42 -
Community Garden 2,150 - (46) - 2,104
2,208 357 (503) 42 2,104

The Missions fund represents monies raised to fund missionary activities including the One-by-One Orphanage in Kenya.

The Community Garden fund represents the book value of community garden fixed assets partly funded by restricted grants.

The Playground fund represents the book value of playground fixed assets partly funded by restricted grants.

ST LUKE'S CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

21 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1
Designated - Freehold Property
General funds
Previous year:
At 1
Designated - Freehold Property
General funds		 April 2024
£
1,084,152
(16,791)
1,067,361
April 2023
£
1,200,974
55,839
1,256,813		 Incoming
resources
Resources
expended
£
£
-
(39,890)
963,092
(923,907)
963,092
(963,797)
Incoming
resources
Resources
expended
£
£
-
(39,069)
848,113
(998,454)
848,113
(1,037,523)		 Transfers
At 31 March
2025
£
£
24,905
1,069,167
(24,982)
(2,588)
(77)
1,066,579
Transfers
At 31 March
2024
£
£
(77,753)
1,084,152
77,711
(16,791)
(42)
1,067,361

The designated fund for freehold properties represents the book value of the properties from which the charity carries out its activities, net of related mortgage borrowing. Transfers to this fund from the general fund represent the net change in the book value of the Charity's properties in the year (including any impairment losses), net of related mortgage borrowing.

22 Analysis of net assets between funds

Unrestricted
funds
2025
£
At 31 March 2025:
Tangible assets
1,244,453
Current assets/(liabilities)
(26,671)
Long term liabilities
(151,203)
1,066,579		 Restricted
funds
2025
£
17,403
-
-
17,403		 Total
2025
£
1,261,856
(26,671)
(151,203)
1,083,982

ST LUKE'S CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

22
Analysis of net assets between funds
Unrestricted
funds
2024
£
At 31 March 2024:
Tangible assets
1,265,070
Current assets/(liabilities)
(34,446)
Long term liabilities
(163,263)
1,067,361		 (Continued)
Restricted
Total
funds
2024
2024
£
£
2,104
1,267,174
-
(34,446)
-
(163,263)
2,104
1,069,465		 (Continued)
Restricted
Total
funds
2024
2024
£
£
2,104
1,267,174
-
(34,446)
-
(163,263)
2,104
1,069,465
1,069,465

23 Operating lease commitments

Lessee

At the reporting end date the charity had outstanding commitments for future minimum lease payments under noncancellable operating leases, which fall due as follows:

Within one year
Between two and five years		 2025
£
1,248
4,680
5,928		 2024
£
-
-
-

24 Related party transactions

In the year ended 31 March 2024, the charity received £50,000 in respect of an interest-free loan from a church member who is also a relative of a staff member.

Repayment is due within 5 working days of receipt of funds from the sale of the charity's property at Barnsley Road. There is a reasonable expectation that this sale will be completed within 12 months of the balance sheet date so this loan has been included in Current Liabilities as an Other Creditor. The amount due at the balance sheet date was £50,000.

There were no other disclosable related party transactions during the year other than employee related remuneration as disclosed at note 11.

25 Limited By Guarantee

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members in liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation. At the balance sheet date there were 6 (2024: 6) guaranteeing members.

ST LUKE'S CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

26 Cash generated from operations 2025 2024
£ £
Surplus/(deficit) for the year 14,517 (189,556)
Adjustments for:
Investment income recognised in statement of financial activities (556) (504)
Gain on disposal of tangible fixed assets (135) (797)
Depreciation and impairment of tangible fixed assets 55,084 169,526
Movements in working capital:
Decrease/(increase) in debtors 8,489 (7,266)
(Decrease)/increase in creditors (11,628) 48,529
Cash generated from operations 65,771 19,932
27 Analysis of changes in net (debt)/funds
At 1 April 2024 Cash flows At 31 March 2025
£ £ £
Cash at bank and in hand 27,804 5,921 33,725
Loans falling due within one year (10,651) (1,285) (11,936)
Loans falling due after more than one year (163,263) 12,060 (151,203)
(146,110) 16,696 (129,414)