CHRISTCHURCH Banstead ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Registered office: 150 Hlgh Stree¢ Banstead, Surrey• SM7 2NZ Company number. 06700053 Registeredcharlty number.. 1126514
Chrfstchurch Banstead Annual Report & Unaudited Financial Ststements for the year ended 31 Decemter 2024 Contents Pages Trustees Annual Report for 2024 1-12 l. Introduction 2. Achlevlng the Church's Purpose Purpose and aims Values Oven¥fjew of 2024 Future plan5 3. Finanaal Management Flnanclal review General Fund Mission Fund Designated Funds Speclal collectlons Propety valuation review Going Concem review 4. Charlty Management Church leadershlp Minlstry and seNlce structure Stsfflng 8-10 S. Govemance Church status Detslls of key advlsers and se1 provlders Organisatsonal afflliattons Benefidal rdationships Health and safety and securlty Safeguarding Dats Protectlon Rlsks and unrtaInties Trustees, accounting and reportlng re5ponsibllltles 10-12 Independent Examlnerfs Report to the Members 13-14 Unaudlted Flnanclal Ststements 15-24 Statement of Financial Attivities 15 Balance Sheet 16 ststement of Cash Flows 17 Notes to the Accounts 18-24
Christchurch Banstead Charity reglstration number: 1126514 Company number: 06700653 Registered offlce: 150 Hlgh Street, Banstead, Surrey, SM7 2NZ ANNUAL REPORT AND UNAUDrrED FINANCIAL sfATEMENTS FOR 2024 Introductlon Chrlstthurch Banstead (or Yhe Thurch? was Incorporated as a prlvate company Ilmlted by guarantee (Company number 06700653) on 17th September 2008 and thereafter was reglstered wlth the Charltles Commlsslon (Charlty number 1126514). The Trustees present thelr report and the flnanclal statements of the Church for the year ended 31 Dember 2024 f2024?I glvlng an account of how the Church has fulfllled Its charltsble and legal obllgatlons. The flnanclal statements have been prepared In accordan wlth the accountlng pollcles set out In Note I to these flnandal statements and comply wlth the requlrements of the ststement of Recommended PractI"AccOuntln9 and Rep¢)rtlng by Charltles" effectlve from January 2019 (whlch complles wlth the provlslons of Ananclal Reportlng Standard 102) and the relevant provlslons of the Companles Act 2006. Thls report provldes an account of actlvlty durlng the year, under the followlng themes: Athlevlng the Church's Purpose nanclal Management Charlty Management Governan Matters Achlevlng the Church's Purpose 2.1 Purpose and Alms The Church's purpose Is to advan and express the Chrlstlan falth In partlcular by: maklng known the Gospel of Jesus to as many people as posslble; malntslnlng an undenomlnational gospel mlsslon work; maklng falthful and obedlent disclple5 of Jesus thrlst; equipplng Chrlstlans for mlnlstry and encouraglng them to use every splrltual glft provided by God In love, In accordan wlth the Bible; worshlpplng God in every part of personal and corporate Ilfe; functlonlng as a local church of Christlan bellevers; and pursuing lifestyle, sodal actlon and communlty Involvement conslstent wlth Blbllcal teathlng.
The purpose and aims of the Church are focused on brlnglng splrftual benefit and practical assistano to those in need, especially those wlthin our local community. The prime spirltual benefit is to bring people Into a dirett relationshlp wlth the Lord Jesus Christ, while the practlcal benefits flow from a desire to reflett the love and truth of Christ in a needy wodd. Spirltual beneffts To achieve we engage in: Evangelism to all, regardless of age, sex, lifestyle, ablllty or ethnicity. Public Christian worship. Blble teaching to childn, young people and adults. Dlsclpleship to those who want to grow in the Christian falth; TralnSng for those who partlclpate in the work of the Church. and Support for organisations and Indlviduals who engage In evangelism, churth plantlng and Blble teachlng across the world. Prartlcal benefits To achleve these we provlde in a Biblical context: Recreational and leamlng facllltles for chlldren aThJ young people. Support to young familles and parents. Pastoral and prattlcal care to others In a varlety of settlngs.. home, hosiitsl, nursing homes and prisons. Counselllng and tralning in relatlonshlp Issues, and Support to organlsatlon5 and Indlvlduals who provlde care or respond to the personal needs of others. These t0 channels of the Church being a benefit to others directly flow from the tsachlng of Jesus Chrlst: "I am the Ilght of the wortd. Whoever follows me wlll never walk In darkness, but wlll have the Ilght of Ilfe., (Matthew 8. 12) and 'let your Ilght shlne before men, that they may see your good deeds and pralse your Father in heaven." (Matthew 5.16) The Church operates as an undenominatlonal gospel mlsslon work to confomi wlth the coveront on the church PMIses. This Is achieved through delivering all the attivitles of the Church In an integrated manner. Worship, teachlng, trainlng and mission are the reasons for every attivlty and aspect of the Church's Ilfe. This follows the Biblical pattem of church life In which there is a continuous cycle of dlsciple-making, disciple-equipping and disclpltrndlng to make MO disciple5 of the Lord Jesu5 Chrlst - all withln a framework of worship and Blbllcal teaching. The Trustees tske this opportunity to reaffirm their full commitment to the ststed purkK)se and to the Church's Ststement of Faith (as displayed on the church website).
2.2 Values The Church's pdmary values, Introduced in January 2018, are as follows: Jesus,. Ivs all about him. The Bible... everything we need to know about everything that matters; The Cross,.. the place of forgiveness, the tx)wer for change. Each Other.. all believers in Christ belong to God's family; and The World... we want to Sha God's good new5 With everyone. 2.3 Overvlew of the Year Key Objectlves Our key objectives remained unchanged, refiethw the continulng purF>%e and alms of the Church which are to; l) provide a full programme of evangelism and outreach. 2) malntaln a flrm commitrnent to disclpleshlp and mlnistry tralning. 3) supwrt the communlty within a Biblical framewor1(' and 4) develop the Church as a local t)ody of Christian bellevers. Summary The Trustees give thanks to the Lord as they recognise HIS goodness in so many ways durlng 2024, notably for: the new staff the Lord provlded in 2024 to oversee the Chlldren, Young People and Muslc & Medla Mlnistrles, and office support; the contlnued growth In numbers attendlng Sunday seNices, especially famllles wlth young chlldren. I person professing falth In Jesus Christ publlcly through baptlsm. the Church weekend away in Ottober, whlth was attended by 175 people (Including 40 chlldren); vlslts to the UK by the c1ghtOn$ (ser+Ang In Nigerla), the Mlllers (serllng In Spaln), and Waseem Khokar (ser4lng In Paklstan); belng able to send several Serylng Members on short term mlssion, and startlng to support a new misslon partner, Asnath Uwlzeye servlng as a women's Bible teach In Rwanda. the financlal needs of the Church belng fully met, prlncipally by regular committed glvlng but also through lump Sum glvlngi to enable it to fulfll Its purpose and alms. There was much sadness when it became clear that Kevln Newman was no longer able to continue In his role as Senior Pastor. Kevin finished hls ministry at the Church in July 2024. The Trustees a very grateful for the servlce Kevln gave to the Church over 10 years, and would like to take this opportunlty to publicly thank him and his family. After much prayer and a rigorous recruitment process, the Trustees were delighted to unanimously apIntriM Bodman as the Church's new Senior Pastor. TIM began his mlnistry work at the Church In February 2025. Regular Groups All the established groups, for chlldren, young people and adults contlnued to run and were well atterKled. The Trustees are grateful to the Serving Member5 who have started 5ervlng in the* groups over the past year.
The Small & Local Groups and monthly Prayer Gatherings continued to be well supported. A monthly S*urday morning meeting continues for the purpose of praying for the Church, for our local communlty and wider Issues in the world. Membershlp The Ser41ng Member5hlp stood at 156 at 31° December 2024. Thls was an Increase of 3 over the year, In total, 11 Servlng Members were inducted In 2024, with 8 Member5 (includlng some stsff and thelr families) moving on. I new believer was baptised. Famillas., Chlldren's and Young People's Events These included the establlshed Family Fun Tlme (On a quarter), Easter Eggsplored, a Light Paty at the end of October and Carols Round the Crlb durlng Advent. As part of our Chrlstmas events, the Church presentsd the Christmas story through Lego displays. This was n by more than 300 children and parents, induding children from a local prlmary sch¢Jd. A Youth Camp was held at Sizewell Hall in Suffolk and was attended by 65 young people and leaders. Outreach and Guast Events A number of speclal outreach events We held durlng the year, including a Quiz Nlght In September, art workshops, a Warm Lounge In the early months of 2024 and guest speaker events, In additlon to the rn0 regular guest events such as Men's and Women's Ixeakfasts. In June, the Church ran Coffee, Dlnner, GosFel where Servlng Members were encouraged to meet with non<hristlan friends to build frlendshlps and Sha Jesus through hospltallty. Thls resulted In a dpenIng of some frlend5hlPS, gospel partnershlps wlthln the Church and Ideas about future gospel opportunlties. Our Easter and Chrlstmas servlces and events We publlcised through the dellvery of Invltstlons, wlth a gospel tratt, each to more than 3,000 homes. This was supported by Small team undertaking evangellsm In the High Street, engaglng people in conversations about the Church and the gospel. One Hope Explored course was run. Jack and Jill Pre-S¢hool The Lord contlnued to equip the Pre-school wlth strong Chrlstlan leadership and to draw the requlred numbers of children to kp it viable financially. 2024 was another good year, with no vacancies in the current academic year. Rldgemount Care Home The monthly services at Ridgemount have ContinLd. The team continues to be welcomed by the stsff and the residents who attend the 5ervice5. The Trustees are esFEclally grateful to all the Stsff and to all the Servlng Members who served so wllllngly and sacrfflcially In order to malntaln the Church's gospel mlnlstry and to honour the Lord Jesus Chrlst.
Development Thanks to the gracious provision of the Lord, it has been kK)ssible to undertake a number of development projects in 2024, indudlng irnprovements to the staff offi5 and the Manse. 2.4 Future Plans The objective of all futu ministy is, as stated In Matthew's Gospel (chapter 28 verse 19), to go and make disciples of all nations, to baptise them In the name of the Father, Son and Holy Splrit and to teach them to ow everyching our Lord has commanded. The Church wlll contlnue to fulfil its purpx and alms through ministry whlch Is Chrfst- centred, Splrlt-fllled, Bible-based and prayer-fuelled. This will be done by uslng the same four key obJectSves and pursuing the theme of "Go, Wln, Grovv. The Trusttts wlll contlnue to revlew the approprlateness of dIffent formats and channels for the ongolng teaching and outreach of the Church. A priorfty for the early part of 2025, wlll be welcomlng TIM Bodman Into the role of Senlor Pastor. The Trustees recogn1 the glftlngs that Tim has been given, and hls desire to lead the Church alongside the other Elders and Deacons. The Trustees recognise the importance of maklng tlme for the Church to rejolce and dellght In Chrlst after a busy few years. To that end, there have bn several changes to term plans to ensure Spa Is made for focuslng on splrltual growth and for tlme spent wlth people, whllst also malntalnlng the Church's outward vlew. Flnanclal Management 3.1 Flnanclal Revlew The Trustees have continued to seek the Lord's leading for the Church's mlnlstry and mlssion work and a thankful to all who have glven faithfvlly during thls past year, notwSthstandlng the contlnuing financlal pressures on many households. Totsl voluntary Income across all Church funds was £496,765 (2023: £524,771), refletting a lower level of lump sum glfts received In the year at £89,817, mostly to the General Fund, versus £111,152 in 2023, and a corresponding reduction In the total amount of Glft Ald reclaimed. The overall level of spend for Church Attlvities decreased malnly due to reduced ministry support costs as a result of gaps In replacing staff who left durlng the year. The benevolent rerve was applied in sponse to slgnificant needs for financial support being identified within the membership which resulted In a higher IpJel of grants pald at £44,130 (2023: £24,506). The surplus across all funds of £26,324 (2023: £27,290) was added to serves. The Church's free reserves (defined as net current assets of the General Fund only) at 31 December 2024 were £147,144 (2023: £123,851) malnly due to a signlficant debtor arising from the terminab'on of the Dignity Funeral Llmlted lease in November, the funds for which were recelved in January 2025 (£31,926).
Summary financlals for each of the three main funds are given below. Further details can be found In the financial statements and related notes. 3.2 General Fund During 2024 the Church ran a full range of actlvltles whilst maintainlng the Ilve streaming of the Sunday moming Servi for those unable to attend in person. Overall income increased slightty and but costs were higher than last year. The increased Income was due to increased church actlvitles partly offset by reduced lump sum voluntsry giving, whilst the Increased costs were mainly due to increased church actlvlties and benevolent grants. Regular giving was Impacted by several donors leavlng and new glving not yet reaching the same level, a net reduttion of £10,552, Overall totsl voluntsry givlng decreased to £392,209 (2023: £431,822)I prfmarlly refletting the lower lelel of lump sum glfts, £80,817, compared to the prior year (2023.. £106,152), The totsl costs of the General Fund church attivities were higher at £451,491 (2023: £440,354) malnly due to Increased Fellowshlp and Outreach costs (primaklly the churth weekend away) partly offset by the redurtlon In staff costs arlslng from the vacant periods befo replacing staff who left during the year. The net surplus for 2024 was £29,241 (2023,, £46,033) after charglng depreclatlon of £19,343 (2023: £10,244) and recelvlng £10,000 from the Pre-school as a contrlbution ft)r use of church PMIses. At the year end, General Fund cash reserves were lower, at £59,742 (2023: £91,316), largely due to the final payments In earfy 2024 for the enhanced securlty systems and the refurblshment of the dlsabled tollet, whlch have been cap1ts115ed. 3.3 Mlsslon Fund Mlssion Fund voluntary Income In 2024 was hlgher at £90,506 (2023: £84,885) Includlng Gift Aid received and receivable and fully covered the Mlnlstry and mlsslon staff support costs, The increa* was attrlbutsble to the generous Christmas collection donatlons of £8,785 for 3 speclflc causes, as noted under Speclal Cdlectlons below (2023: £1,055 for I cause). Totsl Misslon Fund costs including Mlnistry and mission stsff support costs were £86,700 (2023: £83,165). The Increase was malnly due to Short term mlsslon support and increased support of our mlsslon links. As a result, there was a £4,690 net Inflow of funds, includlng interest, for 2024 (2023: £2,436), increasing Mission Fund reserves at end-2024 to £63,416 {2023; £58,726), which has provlded us with capacity to prioritise General Fund giving in 2025. 3.4 Deslgnated Funds Designated funds are those attivities which the Trustees consider need to be separately identified so that the income and costs associated with the relevant activity a accounted for discretely. The Designated Funds primarily consist of the Jack & Jlll Pre-school, the Development Fund and other attivities such as the Benevolent fund and grants received andlor awarded.
The Jack & Jill Pre-school provides weekday learnlng for children below school age and is primarily funded by grants from Surrey County Council. Stsff costs, sources and equipment costs in 2024 We higher at £98,432 (2023: £92,994) attributsble to growth in the number of child-sessions and minimum wage drlven Stsff cost Increases. In addltlon, Pre-school pald £10,000 to the General Fund as the annual contribution for usage of the Churth property. Income increased by circa 3 % to £120, 143 (2023: £116,860), flectIng the growth In child-sesslon, covering a Significant proportion of the cost increases. In the Development Fund regular givlng from members during 2024 totalled £5,280, and £6,000 of lump sum gifts were recaved, (2023: £5,491 with no lump sum gifts). Glft Ald received and receivable on the totsl glving was £1,570 (2022: £1,373). In addltion, rentsl payments of £12,000 (2023: £24,000) were recelved from the physlo prattlce whlch Is Ung the temporary bulldlngs erected mld-2023. The nts1 was front loaded In 2023 to substsntially offset the signlficant costs of clearlng the site and Installing temporary bulldlngs. Overall costs of £19,074 (2023.. £32,943) included £10,666 for on-going provlslon of the temporary buildings (2023: £25,836, Includlng the costs of slte clearance and Instsllatlon of the temporary buildlngs). The totsl net assets of the Development Fund Increased In value by £5,776 (2023: £2,080) to £1.860 mlllion (2023: £1.854 million). The net assets conslst of the propertles at 158 & 1601160a Hlgh Street and the Manse at 12 Oakley Gardens, together £1.83 mllllon (2023: £1.83 mllllon), Indudlng, as In 2023, £225,000 for the lock-up shop (investment property) and other net assets of £29,651 (2023.. £23,875), belng malnly cash at bank. 3.5 Speclal Collectlons Durlng 2024, the Church had one speclal Chrlstsnas offerlng collettlon for 3 reclplents. Thls was to support Hope Now wlth thelr Chrlstlan rellef efforts In Ukralne (also supported at Chrlstmas 2023), Lahore Evangelical Misslon wlth their work to ald the indentured workers In the local brlck klln villages and to help support a recently widowed pastor and hls 3 Infant chIldn through Rlck Creighton our misslon partner In Nlgeria. 3.6 Property Valuatlon Revlew A valuation was carried out by Siefers Harrlson Umlted (RICS) in April 2020 whlch supwrts the capitalised valuation of the rented 160 High Street lock-up, whlch has been recently -let to a new tenant, The development of the 158-160 High Street buildings for Church use was completed in early 2014. They remain in very gocjd condition, and there has been development interest In the neighbouring properties and In the Church properties, supportlng the carrylng valuation of church propertles. Demand for family housing units In Banstead remalns strong, and the Trustees are confident that the valuation remains above the purchase pri at which 12 Oakley Gardens Is held In the accounts.
Hence the Trustees consider no Impairment charge is requlred as at 31 December 2024. 3.7 Golng Concern Review The Trustee5 give thanks to God that the Church recorded a net surplus in 2024, notwithstanding the impart of the energy price and other inflationary pressures on personal and Church finances, leading to a healthy reserves position over all the funds. There is a continuing risk that some Church memters are unable (e.g., through job losses or wage redurtlons or Inflatlonary and Interest rate pressures) to malntsin or Increase their regular giving from cUrnt levels. Additionallyft the Church may be called upon to provlde further financial and other prattical assistance to members affected by the on-golng cost of Ilving crlsls. The various Church fund budgets ppared in early 2025 allow for benevolent fundlng of Church members in partlcular need, and contlnulng improvement work on the maln Church bulldlngi but indicate the overall fundlng requirement for 2025 Is manageable. The budgets include Glft Aid accruing from gifts recelved in 2024, and some provision for lump sum givlng In 2025 (reflectlng a modest level of addiuonal glfs). The Trustees wlll continue to monitor the regular giving and tske approprlate steps to manage costs, If needed, tsking Into account the General Fund resenies. In concluslon, the Trustees conslder that, notwlthstanding the continuing economlc Unrtaintie5, It Is approprlate to present the tlnancial ststements on a Golng Concern basls. Charlty Management 4.1 Church Leadershlp Leadershlp throughout the Church must be Blbiical, prayerful, unlted, flexlble, listenlng and transparent. The overall responslbillty for the legal and splritual leadership of the Church rests with the Trustees, who are the Senior Pastor, Elders and Deacons. Durlng 2024 the Elders and Deacons were: Elders Revd Kevln Newman, untll 31. July Andrew Grimstone Shak Sulllman Stew Foster (previously a Deacon), from 22nd April Alex 8ery Alan Bowyer Andrew Butt Daniel Gomes, until 14th January Andrew Evans Nigel Paget Fred Paton Tim Shelley Deacons
Elders and Deacons a selected from among the serving members, usually serve for a peri¢)d of three years, and can be reappointed. Before an Elder or Deacon is appointed or re-appointed, the Serving Membership is giv an opportunlty of indicating in writing if they are aware of any substantive reason why the person should not be appolnted. The appolntment of Trustees is confitTned at the annual meetlng of serving members. Newly appoSnted Trustees are advised of their responsibilities as a Trustee of a charitsble company and the specific requirements of the Church's govemance dc(uments. They are also trained in the principles of Christlan leadership. The training needs of Trustees are regularly review6J. The Church leadership is primarlly accountable to and Is recognised by the local church, It malntains an overslght of all Church and fellowshlp Issues. Matters of church dlsclpllne are also handled by the Trustees, but in a strlctly confidential manner. The Twstees met on 21 occaslons to fulfil PraYeIlY their ponsI.11t1es, whlch Included malntslnlng splritual oversight of the Church, agreelng plans for the fulfilment of the Church's alms and objectives and allocatlng resources to achieve those plans. Thls Included an away day wlth the Stsff Team In October with the alm of reflecting on how the Church works for the progress in joy and falth In Chrlst of his followers. The Trustees are satisfied that In fulfilling their resp)nsibllltles they have complied wlth the duty to have due regard to the Charlty Commission's guldance on delivering public beneflt from the Church's attlvltles. 4.2 Mlnistry and Servlce Structure To fulfll the alms of the Church, the Trustees delegate SpOnsibL11ty for the regular minlstry and servlce actlvity to approxlmately 40 ministy and seplce groups, each with a group leader. The group leader is requlred to maintsln a Blbllcal approach to thelr leadershlp and to comply wlth the Church's operational pollcles (e.g. Health & Safety, Securlty, Safeguarding, Dats Protertlon). The Trustees estsblish&J a new process for communlcatlon between the ministy teams and the Trustees in 2023. Thls indudes a first polnt of contact within the Trustees for each mlnistry leader to help resolve Issues, provide regular ur(latss and prayer requests and establish Cwimunication belmeen the Trustees and the mlnisty leaders. The Serving Members meet at an annual meeting to conslder the Trustees, report and financlal statements, and to transatt other business as deemed necessary by the Trust5 or determlned by the Church's governance documents.
4.3 Stsfflng The followlng comprised the staff durlng 2024, Those with an asterisk () did not re1ve any financial support and tho shown as (pm were part-time: Jonathan Arnold Gaynor Atterbury Rlck and Alanna Creighton Elena Bowyer Andrew Evan5 Naomi Foster Stewart Foster Daniel Gomes Chris Lord Kayla Meyer Jonny Mlller Terry and Chrlstlne Miller Fran Newman Kevln Newman Davld Parkes Carollne Scott-Evans Lorraine Sulllman Assistant Minlster Families Co-ordinator (pm Mission Partners in Nigeria Operations Manager (pm, from 1st May Associate Mlnlster Famllies Worker ' (pm Facilities Ccx)rdlnator * (pm Asslstant Minister, until 14th January Assistant Mlnster (Muslc & Media), from 1st February Assistant Minster (Children), from i* Aprll Assistant Mlnlster (Youth), from 19th February Misslon Partners in Spaln Operatlons Manager (prr), untll 3rd March st Senior Pastor, untll 31 July Caretaker (Ptr), until 311t May Pre-school Manager Finance Assistant (ptr) A further elght term-tlme salarbed staff a employed In the Jack & Jlll Pre-schcol. The arrangements for settlng and VIewIng the pay and MuneratIOn a undertaken by a Remuneration Group of three Trustee Dlrectors: Andrew Grfmstone, Fred Paton and Andy Butt. In undertaklng thdr role, the Group considers the comparable levels of support provided by simllar churches for speclfic roles and responslblllties, together wlth Indlvldual circumstances. Governance 5.1 Church Status The Church Is a charltsble company, requlred to comply wlth the detsiled regulatory framewrxk for such charlties. The Trustees att withln the remit of the charltable company'5 Memorandum and Artlcles of Associatlon. The Church Is an independent fellowship of worshlpping and serving bellevers in the Lord Jesus Christ, The Church dS not have any denominab'onal affiliats'on. The church site and bulldlng at 150 Hlgh Street, Banstead, are govemed by a property trust created by a trust deed dated 12 June 1896. This deed require5 the site and bulldings on it to be used for 'undenominational gospel mission work,. The trustees of the propety trust a the same as the Church trustees. 10
5.2 Detsils of Key Advlsors and Servlce Provldets: Principal Banker Barclays Bank plc, l North End, Croydon CR9 ISX Soliators Anthony Colllns Solicitors LLP, 134 Edmund Street, Birmingham, B3 2ES Forvis Mazars LLP, 2 Floor, Two Chamberlain Squa, Birmingham, 83 3AX Roblnson, Kenning & Gallagher, Alrport House, Purley Wayi Croydon, CRO OXZ Independent Examiners Architects 5.3 Organisatjonal Afflllatlons Durlng 2024 the Church malntsined its membership of: Evangellcal AllIan, the largest UK organlsatlon of evangellcal Chrf5tlans the London Gospel Partnershlpi a group of Bible bellevlng churches seeking to advan the Chrfstlan falth. 5.4 Beneflclal Relatlonshlps Two Trustees, Kevin Newman (untsi 31. Ju5y 2024) and Shak Sulliman are marrled to stsff members who were flnanclally supported durlng the year. One Trustee, Nlgel Paget, and one former Trustee, John Philllps, are Trustees of BeaconLight Trust, a Chrlstian charity led by a former Senlor Pastor of the Church. The Trust uses the Church premlses as Its registered and postal address and for the storage of archlves and makes a small financial contribution to the Church. 5.5 Health and Safety and Securlty A revlew of the securlty of the premlses was undertaken In 2022 where It was concluded that the door access and Intruder alami systems should k replaced, wlth the addltlon of ccrv at each external door, ccro cameras have now been Installed to two external doors to the maln church building along wlth a new door access control system. Further updates a planned to colnclde with futu development works. A further Health & Safety Audlt Is planned for February 2025. 5.6 Safeguardlng People working directly with chlldren, young people and vulnerable aduts are subjett to DBS checks, carried out via Thirtyone:eight and revlewed every three years. The Saftguardlng Offir and Deputy Safeguardlng Offir kp up to date with all matters pertaining to safeguarding. No Issues were reported during 2024 to the Safeguarding Officer whlch gave rl* to conrn making it necessary for any to be reported to the Trustees. The Trustees adopted an amended safeguarding pollcy In June 2024. The Trustees also completed a study of a book called "Powerful Leader5" which was written to improve safeguarding withln a church context. The outcomes of this study are being worked through.
Following Kevin Newman's leaving as Senior Pastor, Fred Paton was appointed as the trustee in charge of safeguarding on an interim basls untll consideratr'on was glven to appointing the new senior Pastor in this role. The Trust5 acknowledge, and alogise, that the 2023 Annual Report dld not make reference to a safeguardlng Issue whlch was of suffiaent cause for concern that it was reported to the Trustees in May 2023. The Trustees wrote to the Serving Membership on 18 May 2023 to set out the issue and the attions that had been undertaken to resolve this matter. The events glving rise to the safeguarding issue tcok place in a nearby workpla, unrdated to the church, but members of the church were involved. During 2024 meetings were held to support those in the church who had been affected. 5.7 Data Protectlon The Data Protectlon Policy was reviewed with no breaches reported in the 12 month peri<xl. 5.8 Rlsks and Uncertalntles The Trustees re4iewed and Ulated Its Corporate Rlsk Register In February 2024. 5.9 Trustees, Accountlng and Reportlng Responslbllltles Company law requlres the Trust to prepare flnanclal statsments tr each flnanclal pericyJ that give a true and fair view of the ststs of affairs of the Church and of the results for that period. In preparing those flnanclal statements, the Trustees a requlred to: select sultsble accounting pollcles and then apply them conslstentlyi make judgements and estimates that are reasonable and prudent; comply with applicable accountlng standards subj'ect to any materlal departures disclosed and explalned in the financlal statements. and prepare the financlal Statements on the golng conrn basls unless It Is Inappropriate to presume that the charity wlll continue in operatlon. The Trustees are responsible for maintaining proper accountlng records which dlsclose wlth reasonable accuracy at any time the flnanclal posltion of the charity and enable them to ensu that the flnancial statements comply with the Companles Att 2006. They are also responsible for safeguarding the assets of the charity and hence for tsking reasonable steps for the pre4ention and detectlon of fraud and other iwularitles. In accordan with company law, as the charltsble company's directors, we rtIfy that: so far as we a aware, there is no relevant Information of whlch the charlty's Independent Examiner Is unaware; and as the dirertors of the charltable company we have tsken all steps that we ought to have taken to make ourselves aware of any relevant Information and to establish that the charity's Independent Examlner Is aware of that Information. This report is prepared in accordan with the special provlslons of the Companles Act 2006 relating to small companies. On behalf of rustees Alex Berryi Secretary 4 May 2025 12
Independent Examiner's Report to the Trustees of Christchurch Banstead I r¢port on the fmancial ststements of Christchurch Banstead for the year ¢nd¢d 31 De¢emb¢r 2024, which are set out on pag¢s 15 to 24. Respectlve responslbllltles of trustees and examiner The trustees (who a also the directors of the company for the purposes of company law) are responsible for the preparation of the financial statem¢nts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, l T¢POrt in respect of my examination of the charity's fmancial statements as carri¢d out under section 145 of the Chariti¢s Act 2011 (the 2011 Act). In carying out my examination I have followed the Directions given by the Charity Commission und¢r ¢tion 145(b) of the 201 l Act. This report, including my statement, has been prepared for and only for the charity's trnstees as a body. My work has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To ihe fullest extent perniitt¢d by law, I do not aept or assume responsibility to anyon¢ other than the charity and the charity's trustees as a body for my exatnination work. for this report, or for th¢ statements I have made. Basls of Independant examlner's report My eMmination was caffied out in accordance with the general Directions giv¢n by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a Comparison of the fmancial statements presented with those records. It also Ancludes consideration of any unusual items or disclosures in the financial stat¢m¢nts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the financial ststements present a 'true and fair view, and the report is limited to those matters set out in the statement below. Independent examiner's Statement Since the charity's gross income exceeded £250,000, your examiner must be a member of a body listed in section 145 of the 201 l Act. I confirni that l am qualified to undertake th¢ examination by ing a qualified member of th¢ Institute of Chartered Accountants in England and Wales which is on¢ of the listed bodies. 13
In connection with my examination. which is complete. no matters have come to my attention which giv¢ m¢ r¢asonable caus¢ to b¢lieve that in any material respKd: aexounting records were not kept in respect of Christchurch Banstead in accordance with section 386 of the 2006 ACL or the financial ststements do not accord with those records; or the fll)ancial statements do not comply with the accountin8 requir¢m¢nt$ of section 396 of the 2006 Act oth¢r than any requirement that the financial statements give a 'true and fair, view which is not a matter considered as part of an independent examination. or the financial statements have not been prepared in accordance with the methods and principals of th¢ Stat¢m¢nt 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 R¢publi¢ of Ireland (FRS 102)]. I have no concerns and have Come across no other matters in connection with the examination to which, in my opinion. attention should b¢ drawm in ord¢r to enable a proper understanding of the financial statements to be reached. Signed: David Hoose Imay 6, 2025 11.'IO GMT+ii David Hoose For and on behalf of Mazars LLP Chartered Accountants Two Chamberlain Square Birnjingham B3 3AX Date: 0610512025 14
CHRISTCHURCH BANSTEAD STATEMENT OF FINANCIAL AcfiviTIES for th¢ year ended 31 December 2024 Gentrnl hltsslon D¥t¢d tlthd fimd Tolal Totil (restrlcted) 2024 Notes 2024 2024 2024 2024 2023 Voluntary. income 392.209 90.506 14,050 44765 524,771 Int¢rest rw¢iv4ble 556 884 545 1,985 1,618 IllMe from ¢hurch actiirytics 98,649 133,575 232,224 187,858 Tot•1 In¢oJtte 491,414 91,390 148,170 730,974 714,247 Ewndiliue Ch4ritsbl¢ lIvi111 Inle8ral¢dcliiircli rtcllvllles Grmilspfi1d1dpftyrtO/¥ 1451,4911 {50.361) 1130,6841 (21,984) (660,520) (10.682) (30,339) (3,109) (44130) (662.451) {24,506) Tolal ¢xpndiiure (462,173) (86.700) (133,793) (21,984) (704,650) (686,937) Net movement In l)md$ 22 29.241 4,690 14,377 121.984) 26J24 27,290 Fund5 At l January 229.890 51726 1,901,536 769.440 2,959,592 2,932,302 Fundi At 31 De¢emlr 259.131 ,915,913 747 456 2 98S,916 2.959 392 Th¢ statement of fjnaJi¢iil a¢tivitses irt¢lUd all 8aiii$ and los¥$ in the y¢ar. l inMm¢ ond expenditure 1$ d¢riv¢d from conliiiuin8 ectivilieg. Th¢ $latem¢nt of financiil aclivili¢$ Ilw compli¢s Miih the rwuirqmentj for An in¢om¢ und ¢xpenditure a¢UnI under lh¢ Coinpani¢3 knt 2006. • An anAivsis of DesiBngted fund8 is xt out in Note 22. 15
CHRISTCHURCH BAIYSTEAD (coMpV number.. 06700653) BAiANCE SHEET as at 31 Dember 2024 G¢n¢ral hltsslon Dejlpted Endornl fund (resirkted) 2024 'I'ot 'I'o¢il Nol¢$ 2024 2024 2024 2024 21123 T8n8lble a8gets Ldnd and bllildin8S Other tan8ible assets Invelnts Lo¢k up $hop 14 15 1,605,000 747,456 2J52,4S6 111,987 2.374,440 106,039 111,987 16 225 000 1830 000 225,000 225.000 2,705 479 111.987 747 456 D¢biors And pAym¢nl$ in Rdvon¢¢ tkposit accounts Ca$h Ai b4nk$ 8nd in hand 17 18 18 91,962 11,400 12.044 17,934 920 11,192 104,926 40,326 163,515 308,967 83,Jl8 38,532 181471 303,541 51,428 254,113 151.704 4,360 71.052 86,211 298 Cr¢dilors d¢ iyiihin one year Ne¢ ¢urren¢ 19 Ne¢ 259.131 1915 913 747 436 2 985 916 2 959 592 Capiloldndresenv Gen¢T¥I fund Mi8sioiI fund D¢si8nAted l)Jnds Endowm¢nt rApiial 259,131 259,131 63,416 1,91S,913 747,456 985,916 229.890 58,726 1,901.536 769,440 2,939.592 63,416 21 ,915.913 747,436 747,456 259,131 63,416 1,915 913 For th¢ ye8r ¢nded 31 De¢¢mbpr 2024 the c4impan)' was ontitled to ex¢mption from audit under section 477 of th¢ Companics Aci 2006. M¢mbErB hav¢ nol required ih¢ ¢ompHny lo obiain An aydii in o¢¢ord8nce wilh geclion 470 of the Compani¢¥ Art 2006. The Bogrd of Trus¢¢u o¢knoivl¢d8¢ Ih¢ir r¢5pon$ibilities for.. li) en8urin8 that th¢ company Leeps Accountin8 recoTds iiihich oompl)i '1th s¢Giion 386 of the Compnies Act 2006. and (ill pritt8 •ttouniJ ivhi¢h 8iv¢ a Irue and fAir vieii, of ihe slate of atTain of the Coinpany as at lh¢ ¢lld of the fin8n¢iil yr and of its surplui for the fjnan¢ial yeAr, in a¢¢ordgn¢e Mith th¢ r¢quir¢in¢nl$ o(s¢eiion 394 and 393 of lh¢ Acl and which othonviso ¢omply th¢ r¢quir¢inents of th¢ Compg11i¢s kn121Y)6 relotith8 to account* so for as applicable to the q)mpany. Th¢ fingD¢ial gt8tem¢nts hve b¢¢n pr¢p•red in a¢¢Ordan with the special provision5 of th• Comp1¢8 Act 2(rf)6 relatin8 to wnall comnI¢S. Th• fingncial Stst¥yellt$ were apprnld by the Boord of Trustee9 and si8ned on its behalf by: FB P8lon 4 MAY 2025 Tnuiee Dlrecior 16
CHRISTCHURCH BNsTEAD STATEMENf OF CASH FiA)WS for th¢ v¢ar ¢nd¢d 31 De¢¢mlxr 2024 G¢n¢rl h111 Des1ted Total Tot1 (restrfcted) 2024 Noto 2024 21)24 2024 2023 Net cash kn before Glft Ald Intere8¢ and rent 22 (81.989) (7,323) 10.959 {78J53) (38.438) Gift Aid r¢cover¢d 70,622 16,067 1.343 8b,232 Net cath llm from operatln8 iclliltlej 11,367 12,502 78,672 Cah IioM'8 from ImvesdnK •¢tlThldes Rent rettived for 160 High Street Purchase of fi%wres. finin8$. furnittlfe ind 4uipmenl IniK¢gt r¢Mived 14.676 (42,J22) 556 14676 (42,S22) 1,985 16,000 (67.333) 1,618 $45 Cuh (Comumedyprowlded by Inweslln8 •rthlil 884 545 861 49.715 {Dre•VIncre•¢ In e••h and ¢•h equlvmlents (38,057) 9,628 13.047 (15,982) 28,957 Chan848 in inlerfund balan¢eg 7.083 (20) (7,063) IDe¢r¢•yln¢r•M In ¢•ih and ¢th ¢4ulvthts' {31,574) 9,608 3.984 (15,982) 28,957 C4•h ond ¢oth ¢qulv#lents ot l Jimi•r> 91.316 49,400 79.307 220,023 191,066 CAgh ¢i•h qulYAlents at 31 Dteembtr. 20 041 • Thqre 4r¢ rto bal4nc¢i OF movements r¢latinB lo th¢ Endowneiii Fund. 17
CHRtSTCHURCH BAIYSTEAD NOTES TO THE FINANCIAL STATEMEfiTS ror the i'enr onded .1 l Dember 2024 I PrlncIp414rUTrTh& pollcles The fllMnciul 5tot¢iDenls are prL¥ated in aCcordaL iiith Ihe slaleniLnt of c011n¢nded i)taclic¥ "AccounliTJg and Reportin8 by Charitics" issued bi. the Cknriti. Cojiunission etTecliiye tr Jllnuan, 2019 (ii'liich coniplies i¥iih tlL" provisions ot Finar11 ReportinB Stsndard 102). I'hth. are a150 pr¢pur¢d u]er the historicol %1 ¢om'cntii)n, ni(xliticd b), Ihc TL4"aluBlion ot proiKrtiLS und iniEslinenls as describ1 in the relei'anl nvte4 and on n 801[ concern basis (sec seclion 3.7 of th¥ Annual Riport) in accordancL' iiiih upplic4bl¢ UK accounluw standaTds and in acc()[da¥ iiilh the Coinpgni¢s A¢1 ?IyJ6. Unre$trlr¢ed funds Thc General FuTrJ is used lo finfjnce the Church"8 ivork. in BanstLad. It reeeii'es all IUle not Identifi to 8 particular purwse INI pa)'y all ¥Npens¥'s incurred in maintaining Ihe ministry" and tabric of the ¢hurch huildings in B4n8lLa<L Reytrlc¢ed and de518nled fundi Re%tTicled funds ¢()iiii)ri the Mii8idn Fund, ii,hich li tc) fin&nee the il-0. bei'and14an8leod in the IJK and nVLY8L'&% and Ihe mission r¢latLd troinin8 ghorl-tonn i'isiiQpostin88 ()f chriln ii'ork¢rs, nnd 4)ecial collections taken and 8iftubd lo n)issi<)n or8uniyalions for thL' 1'urtheranc i?f IhLir ii0Tk' ns upplicabl¥. De4iBnnle(I limd4 coiiiprise ihL Ikipelq)iiienl fiin(I, ii'hi¢h receiipes nn(l iiscs flind% lor Il)e dei'Llopiiienl ol" the Chilh prciiii3os ol 158-160 High Sirc¢l and thL' Mnnac al 12 08klL)' GnTdcn8'. tho Ja¢k- and Jill l¥c.Scli(K>l, iihch op¢rnlL's thL' morning und aftLrnoon nursery lor un(kr 5's fft)iii th¢ Chwch prLiiilS al di)nalion$ 10 and charge.% lor th¢ ChuTch or8unisation8 and specilic Chur¢h lIllI11¥S listed in Nol¢ 22, EndoM'm¢Dt fundi Th¢ preinises JI 150 Ili8h Slrnyl, 'preSentin8 endoiiiiient caiiilnl, is k.ld t()r IhL' benelil of I1 Church lls u peMiunI pithl lund. ReColi10n of Income All i'oluniary in¢oiiie. <'icept lox rLYUI'ernble Gift Aid, aiid incoiiie from Church uctii'ilies are aCcoted lor & rccL'ii'ed. 'fui coVerable is ac¢()unlL%d for in IhL Pri(xl iii ilthich the undcrlJ'in8 gill received. ImeSt ceiVab1C 18 a¢counlcd fi)T in Ihe pjriod lo ii'hich il rL'loles. LL'Bacies rec¥'ti'uble Ari. accounled for in thL peri1 in H'liich ihej, become probobl¥ und quunlifiabl¢. Expendl¢ur¢ All eipLndilurL' is uccounled fi)r in th¥ peri lo i1.'¢h th¥ eipendituro relol¥s. Church i)ni¢¥ st8lYoosls and Kl. eipLnse¥ ur¥ appvrliviwd lu Gi,,[1 support Wblb iiml Goi'emunL'¥ ivbls on u liniL l?usi4 u¥ d¢¥¥ribl in Nv1¥ 12. CioverNnce coql8 (N¢)l¢ 1.1) ciJnii)rip llll cn.%18 ini'()li'ing the public acc()unlnhilili' of IhL' chorily aiid il% ci)nii)lian¢e iiith rc8u]otion und 8(K)d proolice, incluJin8 for Ik. Church ¢Jei'elopm¥%nl. Co%ls in¢lud¢ thos¢ rololod t() tho Qj11 or extuninuli()n ol"thE i¢UnIs, ali!. tnJslee¥ eNpen¥e¥, prL)fessional f¢¥s and un opwrtiomnent ol"sltsfl.sil)0rt und i-r Lo¥. CApltallsotli)n gnd r.9]UtIn of tonglble nied 4Axets Improi'LIMenls lo buildin8S, iton18 01. fix1ur¢s, fillin8¥, OJrnilur¢ and equipment, tsnd motor i'ohiclv4 COStin8 £5.(J)O or Inore are capitalised. Lund ond buildin8s orL' I'ald as delailed in Note 15. AccountlDg eJtlm&¢es areas of Jud8cment Esliiiiai¥$ and judgciilenls are ¢oniinu811!' ei?luated nnd based on historical eiwience and 011r laclor& includinB eXtiOnS ol" fvture eitnts Ihal aff belith*d to be reasonabl¢ undL'r thL circwnslatKe& Th¢ fi)JIoivAIi8 arc critical aCcoltI1]s Cstiiiiates and ar¢lls ofjud8thneiiis to nol¢'. a) Ini'eslinent pr1)'r1}. I'alualions- the ini'eslineni properh- iYlit81ion is rel'11.ed M. the'ftusls nnnualls, in dctsil l.or the pu4)oses ofthe annual a1)unIs. As eNplaind in Ihe tU] report, th¢ ini'eslnlent propL'rlv I'8luativn ,$ last I"onii4llY i'8lwd in April 2020. 01)d tlK piopwt). IlT15 coI)sidernl lo reillalli al foil. Ivlue at thul dale. The 'I'ruslecs ar¢ of Ihe opinion Ihat Ihe properti. rLwain$ at fair i'alue. based on market li?11a110n aiailable. and Iherelore consider no llnpainiient charge is required us al 31 De¢einber 2024. 18
CHRISTCHURCH BANSTEAD NOTES TO THE FINANCIAL STATEMENrs t()r th¢ l'ear ended I l De¢enibLr 2024 (continued) b) frc¢hold residenliul and ofticc prO[rtI. dcpreciolion- Ni) depreciation 1$ char8¥d in respect of Ih¥" Mansc Jnd the Chw¢h properties al 158 and l(A) High Sirecl ii.hich are included in IIY balonce slieel ttl i'aluatii)n. The properli¢s arL' niainluined io a Sd stsndard. ii'ith re}r5 and refurbi5hJnenls bein8 canied out iiheii neceTr. Th¢N.fc)ro. the Trusl¢¢s CL)nsid¢r that Jni. dcpr¢¢i81ion ¢hor8e ih¢ PrOrtIeS iiould be in)mul¢nul in vieiy of ch propert} s esliiiialed rcsidual i'oluL' rL'maining econoiiiic lit"¢. An iinpairnlent rei'ieii. is ca1¢ out unnuully. I'lw Trusleets ¢onsider no I1n11¢nI char8e is rcquired as at .11 Deceniber 2024. c) l)eprecialion i)fcliuN-li buIldll uiid filed a55c15- Dcprecinlioii is ¢l)ar8¢d iii reswl of ih¢ f.¢}K)Id cliurch buildin8 included in the balunce slieel at i'aluatiÉ)n sin¢L the prei'iou$ i'oluatlo eal¢uloled nt an annual rnte of 2Yo of the 8ro$s rei'alued ainounl (as al Ilw date ol. the la¥1 i'aluutivn) plu$ iiiipri)i'enienls. DepTvciation 1$ chor8ed in relolion t() capilalised dei'elopnicnl costs to iiYitL ofi theso costs over thre¢ i'e41TS. Sound li8hiin8 equipinenl 18 d¢1)'11 vi'¢r fil'e iLur¥. FI.%lu¥. lillin¥¥. funiilur¥ uiid oih¥r wuiJ)iii¢iil urv dL'preLiuled i?V leii ir¥. TruJteo# emnlumonts Ind expenses 2024 2023 nior Pnslor.. {Iruqlee lo.1 l Jill 2024) 'roxnble tinllncial sui)wrt kncinl el11, costs l)Lnsion ¢ost$ £27,081 £2,4fll £2.167 £44,850 £.1,588 Ass()¢ial¥' Minisl¢r.' 'rfjKllbl¥ I'inun¢iol ¥upw)rt Soeiiil Seei11%. costs Ilension costs £53,CKM) £6.058 £2.468 £32,079 £.1.2211 £2,135 AvJislanl Minisl¢r'. TnxThblL linaneial suiwrl (IrusteLi to 14 JanLIAr)' 2024) Sociul securiii, costs 13ensi<xi costs £23,4CQ £1,.115 £1.872 £124 £72 Th¢ Twst¢es are ConsiderL lo the kci. monoBeilleiil perSoNl. Th. Seiiii)r Pllslor, Associat¢ niid Assistsni Miiii5t¢r iirre r¢inwiLrulcd as i)eniiittLd by th. Cliur¢l)'s Trstee$hiP Docu1n¥t, Th¢ S¢mor Pfjslor iios r¢iiiibiirsed ¢iyei)se¥ ot £1,.189 (202.1.. £34.1) r¢lolinB lo ¢onler¢n¢e$ und Bibl lileralur¢. 'fh¢ Aw)¢iale Miiiist¢r il'as N'iinburd ¢xpenses relolin8 to conferences of£.14.1 (202.1: £4,050 for council ta nnd ¢i)nlerenc¥sj and tho Assislaiit Minisl¥r rEI'unded eNponse$ rolglin8 lo eoun¢il o1.£222 (202.1.. re¢eiv¥d £7,380 for ¥vunL'il thx, ¥unlerLnLY¥ und ¥LTri)lribuli()1)s lu BiblL' Lvll¢¥¢ Iruii]ii¥ ¥()¥l¥). Th¥ A¥b(k'iul¥ Minisl¥T purL'hu¥¥d liis vwn house in Nov¢inkn 2023 4nd th¢ nth1 and Colu11 lui relalinB to his prel.i0 Church i)r()I'id¢d housing ivere conitrted inti) a thxubl. non-n81()n&bI¥ fjcci)Iniiindulinn alloii'ance n¥ i)art of hi$ eini)lumenl$. No oihcr Tru51LY rcli.d ani. eiiiolumen( or li'as rL'uiibursed exp¢nse$. S¢#ff numbers emolumeots (lncludlng itaff trusteoi) 2024 2023 Ai'LroBL nwnber anplo)'ed'. Full tiini Geiierol Fw Pun iiittL Jiick & Jill Pre-school Geiieral r.Id I'aYablL finllncial supw)rt Social securiti, cosls Pension costs £264,204 £1.1,560 £1.1.807 £279.&17 £13.375 £16.(M)I No einployee ii?s puid more Ihan £&),(XKI in eiilxr l'ear. The renluneralion costs abov¢ ore allo¢8lcd to the folli)ii'in¥ eXnditUre h¢ad5 on th# basis ol. atyroll$.' Genernl Fund staff costs (Note 8) aThl Jack. and Jill PrL'.Sclio()l (Not¢ I I l. 19
CHRISTCHURCH BsTEAD NOTES TO THE FINANCIAL STATEIMEKrs for the year ended 31 Dec¢mb¢r 2024 (ntinUed) 4 Related PArty and connected party traTrsActhmg BeawnLi8ht TN$t ha5 donat £1,200 (2023- £1225) in reco8nition of using offlce space and phon¢ s¢Thry¢¢8 at 1608 HL811 Street. One of tli¢ tr¢¢$ of Be8¢OnL1t Trust is also a TTUSte¢ of chriShUh Banytead (2023.. 21, Durin8 2024, th¢ Church paid £1.511 (2023.. £8.580) to oron b¢half of the $pous¢ of th¢ S¢nioT Pastor as laxabl¢ fin4rtcial Support and expenses. The Chur¢h also p&id £8,791 (2023.. £8,957) io or on behalf of ihe S5¢ of another Trust¢e and £6,750 (2023:Nil) to the dAu8hi¢r.in-liw of another Trusle¢ RS I&ble finan¢iRI support And ewses. The totsl value of oii¢-off 8ift$ r¢8ulor donations from Trustees in 2024 WAS £160.705 (2023.. £144.1901, of Gift Aid rt¢14im¢dlT¢c¢ivabh. S PenslorL Th¢ Chur¢h An autwnrnlmcnt xh¢m¢ for alaf iviih The PpIe,5 Partn¢Tghip, ,hICh ig independently admini9tered ot)d it)v¢$l¢d. The Chur¢h ¢ontributes to thi5 s¢h¢me in re8PCt of those employtts beioiv ponsionible a8e for ivhom it is i¢qiiir¢d b). law to pmid¢ o¢¢egs to this scheme. Gentrgl hlbslon Du1#t¢ End0t fi c•plt•l TotAI Totsl 2024 2024 1024 2024 2024 2023 6 Volwitry Income Donations and reiulai off¢ritt83 Special collKtions Tox TVeble Grnn¢8 rtt¢ivab 322.889 65,931 8,785 1 3.790 11,280 400.100 8,7¥5 8&680 431,846 1,055 90,670 1,200 69.320 1.570 1.2iyJ 392 209 49 76S 7 Income from church aedrfdes Qenernl Fund in¢om¢ in¢ludes inVeent inc4me from ihe leaJirt6 of tho 160 Hish SiToet ]L-Up shop to Di8nity Funwls of £45,51912023'. £17.083). £13.593 of IDonthl)' r¢nt4lilnJuran¢o ind a dilipidltion p4ym•nt of £31,926 agre•d followin8 Di8nityi terniiiiation of the lease 81 from Nov¢mb¢r 2024. D¢$i8Datcd Fund$ in¢om¢ in¢lud¢$ the J•¢k & Jill Prtr&hool It1 Autiiority 8ranL fe4s and irainin8 income totallin8 £119,59812023'. £116,417), t¢8¢th¢ wilh ¢onlributiony to Chur¢h Activitie9 IvheTe an element of coyts are rechar9 to the attendee$, such as for the Church Weekend Aii'8)', Chiirch On W¢cklWe¢k¢nd and Summer Youth cftmp. It also includ¢3 rental incomo from tho pliN$ioih¢rapi#i oe¢upyin8 lh¢ portaeAbin8 41 th¢ r¢4r of ili¢ ¢hur¢h. amountin8 to £12,000 in 202412023.. £24,OCN)I. 8 In¢e8ratsd ehur¢h A¢tlvlde• In conforniitv iith the Covenant on its lan4 christChuh BY4nstead opcrat¢5 as an un(knominAtiono18o$pel mission ivork. Worship. te8¢hin& tr8inin¥ and mission are th¢ reasons for ¢v¢ry' a¢tilritv •nd rt$1 of th¢ Chur¢h'$ lif¢. In adi'an¢in8 thij int¢8TAt¢d mini31ry. funGtionAI exp¢nditure ivas incurred 18 followg.. Church fabri¢ aftd ¢quipm¢nt {Nol¢ 10) Fellvw5hip And OUtrCh coyts (Note I l ) Mini$tN 4nd mi89ion cogts (ift¢ludin8 $toff ¢0811) General SUp)rt ¢05ts (Not¢ 12) GoY¢rnAn¢t costs (Not6 13) 85.533 60.546 290.365 5.835 9.212 451.491 10,666 108,415 21,984 118,183 168,961 345,790 8,J54 19,232 130,515 134,164 376,737 6,335 14.700 662431 55.425 2,319 9,084 130.684 936 56.361 9 GrAnts PAld #nd p4vablt ChrirfhuKh Ban%ie4d makes A number of Brgnis io supprt chrilart workers irtd or8artisalion$ which oF¢rat¢ independently from the ChUkn biit for Ivhi¢h li has special wn¢¢rn. GNils PAyabl¢ in the year were.. Grnnts to 20 indiTriduals in total {2023.. 7 in toiai) Grnnts to or8anisafr.ons and projeets.. 10.682 24,366 3,109 38,157 20.7S6 3,300 ,750 723 3,500 1,750 723 130 2,ly)O 1.750 Trlnity CliurcliEverlo Ariless 71Krttre Cofvwmty 10,682 3.1(19
CHRISI'CHURCH BANSTEAD NOTES TO THE FINANCIAL STATEMENTS for th¢ ymr ended 31 De¢emb¢r 2024 l¢ontinue41) Gener h1&On Desl8nted Endorent fimd fimd eapltAI TotAI 2024 2024 2024 2024 2024 2023 10 Church fabrlc And ¢qulpment Uliliti. in$uranc¢ and cl¢8nin8 Ordinary r¢pairs, mAinl¢nan¢e And ¢quiprn¢nt R¢pairs And r¢furbi$hin¢nt tkpTeci81ion 40.268 25.922 40,268 23,922 10,666 41,327 118.183 30,915 12.510 34,862 32,228 130,513 10,666 19.343 83.533 21,984 21,984 10.666 Altlh)U8h lower thftn in the previou8 vear. oner8y CO8ls continue at a hi8h level, tot811inB £30.651 for 8os and ¢le4triGiiv combined (2023.. £3&249). Durin8 2024 minor r¢pairs and maintenAnce ilere iindertaken, includin8 the reor8aiiiSin8 And rethrbishment of th¢ offi¢e space in 160A. Th¢ ¢ontiDuin8 2 ye•r ¢orttr8¢t to hou8e & physioih¢rnpist in pOrtabin$ to th¢ rear of the ¢hur¢h iD¢urred Costs of £10.666 (2023.. £25.837). Th¢ r¢pla¢emettt of ihe foyer toilets ivas completed with ihe refurbishment of the dIb]ed ioilet and ihis lirk iv#s ¢4pitsli5ed {£25,290). Th¢ in¢Sed dtpre¢iation, £19.343 (2023-10,244) 4ris du¢ to th¢ pItalIsatiOn& of th¢ ivork ¢omplet in 2023 and 2024.. 11 Fellmhlp •nd outr¢i¢h Oulr¢ach ond ho$pit4lity Yoyth ¢wnpg chUh M'eekend aivav Ja¢k llnd Jill PrtrS¢liool lin¢ludin8 •thff wsts) Subripl10n9 and donations Lil¢rMtur¢ and ministtTr' traiiin8 12.788 14.637 27,6&1 1.794 14,582 14.637 27,664 106,438 4,783 837 11,092 17,238 106,438 101.043 4,113 678 4,783 674 183 108,415 12 Gtn¢ral •uppor¢ ¢Nts Office and inforn?ation twlinolo8y ¢xp¢n8es Support tMinin8 her ii¢m$ 3,850 1.132 833 2.435 fi285 1,216 3,376 273 54 O¢n¢r81 Fund ¢hur¢h 4ttd infornwtion t¢¢hnolo8y ¢xp¢n8¢1 ar¢ •prtiOned 73•• to G¢ii¢rnl support cog19 ond 250(I w Gov¢rnanM ¢0$ (Note 13 beloiv) bas¢d on an opproximats allcoiion of ihe time of the offit< siipport staff. 13 col*rnCe colts Office and ittformatiort te¢hnolo8y exp¢ni Prof¢$$ion41 f¢¢$ Ind¢p¢ndent E¥aminer fe6 Oth¢r item$ 3.343 3.324 2.190 155 300 8.016 290 478 .409 9.433 3,150 706 14,700 11,540 3JOO 749 820 936 G¢neral Fund profe9sional fees in¢lud¢ Y1011 Services provided by FNis £2,724 (2023.. £2.705). In the Lksi8n&t¢d FuiM15 the professional fe ¢ompris¢d AknIt¢¢ts ond buildin8 r¢8ul4tion f¢¢8 for fvNr¢ buildin8 d¢vdopinentJ. 21
CHRISTCHIIRCH BANsfEAD NOTES TO THE FINANCIAL STATEMENTS for the r ¢nded 31 Demnb¢r 2024 IwntiAucd) Geheral .Il•Jlnn Desl8n8ted EndoTrinent ¢ApIt Tot*1 Totsl 2024 2024 2024 2024 2024 2023 14 IMldIn At cost or valuatiot) on trnnsfer Chur¢h $i¢¢ and buildin8S 12 08klw' Gardelis A¢cumiil4t¢d d¢pr¢¢iAtion Nei book value ai l J¢TrMiary 1.071.675 580.000 46.675 .605.000 1,099,200 1,170,873 580,000 376,43S 2,374440 2.170,875 580.0 354,451 2,396.424 329.760 769.440 LkpTe¢ialion in }'eAr N¢1 book valu¢ ai 31 De¢¢mber 21,984 747.456 21.984 21,984 2,374 440 1.605.000 Ai (o¥1 ur vHluation on IT4n5f¢r Accumulat depreoiation Nei hook valu¢ rt131 D¢¢¢mber 1.631.675 46.675 1,605,000 1,099,200 351,744 747,456 2,730,873 398,41 2 J52.436 2,750,875 (376,435 2.374,440 Th¢ freehold chur¢h 8it¢ held b)'the Endowment nd is the subject of an indenture of1896 r¢¥trictinB the use of any building erected thereon to und¢nominalional 805p¢I migsion Ivork. The present buildin8 M'as erected it) 1970 and ext¢nd¢d in 197SI76. In the balan¢¢ she¢t the iiie li unvalu and the buildin8s 81¢ Tried at iheir valuaiion deriird from their i118ured reple¢4ment ¢ost a$ 8131 De¢¢mber 26. Th¢ fre¢hold prop¢rti¢s At158 & 160 Hi8h Stre¢t 4¢4uir&a by Gogpel Mission Trust (GMT) in 2007108 and tr•n8f¢n¢d io the ChuT¢h on 31 D¢c¢inb¢r 2013. to be h¢ld by the tkvelopm¢nt Fund (in¢lud¢d in Dui8n•led fund$l Ivhi¢h had colloborated 1th GMT on lh¢ funding iiid refurbishment of the prop¢rti¢$ to provid¢ m¢eiin8 rrA)m$ And offi¢¢s for chh uje. The14nd v4ly¢ in¢luded in this Site 1$ e$tiniited at £400.IJ)o. Th¢ M4ns¢ al 12 Oakl¢y Gardens was acquired by ih¢ Development Fund in O¢lob¢r 2014 and is included in Desi8nal¢d fund$. Flxhwel Fltdnp Furnlture & Equlpment Totsl Total 2024 2024 2023 IS Other u•¢t• Ai ¢o8t A¢cumul#l¢d d¢pr¢¢iition N¢1 book valuv ai l Jauiiory 177.359 177J59 71 20 106,039 96.801 106,039 31.718 Diypos818 in year Addition$ in y¢4r Cosl ai 31 De¢eller (4,007) 84.565 177 359 25390 Ekpr¢ciation on di&po581s Depre¢ioliott iii yeAr .Vei book value ai 31 DeCener 4.007 111987 Ill 987 106,039 l jartu. Dispogal in l'ear Addtions in year Ac¢umulht¢d depreciation Nei book vrtltte ai 31 De¢emb¢r 177,359 177?59 96.801 (4.007) 84.565 25,290 90.662 111987 25390 90,662 111987 106,039 Additions in 2024 represents ih¢ ¢ompleti(Trn of th¢ r¢fvrbi$hm¢At of the diswbl¢d toilet ¢ostin8 £25,290 (initid costs incurred in 2023.. £1.062). ompar¢d with sp¢ndin8 of £84,565 in 2023 on foyw toil¢t$ CCTV olarni SemS new $id¢ 8alw aiid ¢ompl¢tin8 ihe n¢M' ¢huT¢li ii'indoivs. Th¢ siwiifi¢ant amounts gpent improv¢m¢nl$ ivork in 2023 and ¢arl)' 2024 led to increased d¢preciation of £19,342 (2023..£10,2414). 22
CHIUSTCHURCH BNs[EAD L OTES TO THE FINANCIAL STATEMEF for th¢ ¢ndoJ 31 D¢¢ember 2024 l¢ontinu¢41) Gener81 fv116sion Dul8nA¢ed Endowment ¢•pitsl Total Totsl 2024 2024 2024 2024 21124 2023 16 Investments- L4Kk up thop At valuation l Januw. 2024 225,(N)O 22S(M)O 225,000 At valuation 31 DvAmb¢r 2024 225,OCKJ Th• s¢if-wnlain¢d unit ut 160 Hi8h Str¢¢i 1$ ir¢oled as Ats inv¢siment propthy. Di8nil%' Fun¢Tals Limikd, who w¢r¢ rtniing ¢h¢ pr¢mi4 l¢nnin4t¢d th¢ le49¢ effectii¢ frnm N0mber 2024 and an appropTiat¢ dilapidations s¢ttl¢ment ivas agreed. Heads of tenns hav¢ been 8ed iiitli a prospective t¢nanL The i'aluation 13 based on the establis1d l¢TrTI of affinual r¢ntsls and a circA 14 yeoT income gtream (rofle£tin8 A 7•y6 pw annuni rate of r¢rn). 17 Debton and pavments In dwanct Tax re<oirrabl¢ Amounts du¢ from a$so¢lat fund$ her d¢b[S And pr¢poyrnents 43,761 11.024 20 920 SS,70S 20 57.256 13.917 49 91.962 920 Oiher debtors IldeS th¢ dilipidalion ffuivable of £31,926 a8rttd folloivi118 Di8nityls twmin8tion of lh¢ 160 Hi8h Strvl Iwe a$ from Nov¢n)Ixr 2024. 18 Cath rtterv The cBsh re50rv of Ihe OenerBI Fund as ai 31 tk¢¢mber 2024 We £59,74212023.. £91.316), eKcliidin8 ihe Th8nity receivable noicd aVe. The Trnslc¢8 ¢th$id¢r thai ¢ir¢a £85,000, T¢prt8¢nlllb8 or¢)und th month$, GthierAI Fund ¢¥pendilur¢. 1$ lh¢ minimuni prndwii $um ty ¢aTry in T¢s¢rve to iKth anticipated end un•Yt flu¢tuation$ in monihly l¢i,ds ofincom¢ and expenditure. R¢Jerv in lh¢ D•velopni¢nt Fund or¢ •vailabl¢ if required. The ¢ash re#rv¢i of the Mission Fund at 31 December 2024 were £59,(N)812023., fA9,4(s). The balance ht8 built up $jr recenl ye4rs, Ivell al lev¢ls nomially r¢quirwJ ¢oir un¢xp¢¢l¢d ¢XF4ng¢9 ro18tin8 lo s¢rvin8 mi$$ionori¢$, lh¢ r¢plo¢¢m¢nt of ih¢ir i'¢hi¢lN th• r¢Mnl¢meni of hom¢¢omin8 mi$sionaTi¢$ and Toutin¢ rnission adivity. This h41 provided u$ wilh ¢0clty 10 prioritise Genero1 Fiind 8ivin8 #nd r¢s¢rves in 2023. 19 Credliorj wlthln one )'eir Amounts du¢ ¢0 ass11 fund5 Oiher creditors and enlS 20 4,540 20 12,474 13.917 35.311 7,636 298 4,560 298 51.428 Tho reduction in creditors reflects the pyment of tl)¢ remainin8 invoi¢¢s rel&t¢d to the on ihe toilets and side 8at¢8. The Christmas 2024 collection ¢n#bleil £3,500 to be paid to Suprt the iiDrk of Hope Noiv12023.. £2.LM)O for Hope Now). 20 L*••¢ ¢omml¢mfflts th¢ 2024 yeor end. the Church had 3 op¢rahn8 leas¢ wmmitmenlo lotallin8 £16,910 relatin8 to properties r¢Dted for Ministr). staff12023.. £9 for one property,). The incTeHsed level of luse commitmts in 2024 r¢fiKts the recruitment of staff rwuiriiig accornmodation to b¢ l¢ued. Bance at 31 December Income E5wl¢Te Tr•ngftr Balthce at 2023 2024 2024 2024 2024 21 Deted Church or8anItiona¢1IVitiéS. DeVelopnli¢F & JillPreNl her InMe and ¢xpenditure'. GnTritfvFnBeaconll8111 BenevolÉiiiFw Ofherspec¥le aliurch adivllle 1,853.876 44.551 24.850 120.143 (19.075) (108,432) 1.859.6SI S6362 11.21K¢) 13,109) (1.977) 3.109 1.977 1,901.536 148,170 133.793 ,915,913 23
CHRISTCHURCH BNsTEAD NOTES TO THE FIP4ANCIAL STATEMI ENTS for th¢ l'ear ¢nded 31 De¢emlxr 2024 {ntIl1Cd) General hllsthn De8t¢ Endowment fwid clpltsl Totsi Totsl 2024 2024 2024 2024 2024 2023 22 RecMclll8don ofnet mov¢mtn¢ In fimds to ntt ash (ouillowyknllow from oper#tin8 ¢dilde• N¢t mov¢meni ift funds 29.241 4.690 14,377 (21,984) 26?24 27,290 Adjvstmettti for.. Tax recoverable In¢¢rn81 rw¢ivibl¢ Rent rxeivable D¢pr¢¢i4lion (69,320) (15,7901 (356) (884> (14,676) 19.343 (1,570) {545) (86,680) (1,985) (14,676) 41 J27 (90,670) (1,618) (16.IXJ)) 32,228 21,984 (In¢reas¢l.d¢¢ms¢ in oih¢T d¢bioT$ And pr¢p4)'m¢nl8 (Dreas¢)[lnCr¢8C in other creditors atjd Acoru•l8 136,657) 19,364) (200) 4,861 (36OS7) (5,806) 1,447 8,885 (1.303) Net cath Ilow8 beforn Glft Ald, Interu¢ •nd renl 81,989 23 StAtement of Fln¥ndo1 ror the year ¢nd¢d 31 December 2023 Gener41 hltsslon Dtslgnated Endowment fimd fimd (mtrktsd) 2023 To¢•1 2023 2023 2023 2023 Vo¢ry In¢on 431.822 84.885 8,0&1 524,771 Inter¢•t r¢¢elvable 435 716 447 1,618 In¢omt from ¢hur¢h a¢th4tl 44,110 143,748 187,858 Totsl In¢om¢ 476,387 85.601 152.259 714,247 Exptndltur¢ CTh•rltable acthldeg Iniegrmted church a¢thltlei Grants p*ld p•y•b (440,354) (39,640) (140.473) 123,525) (981) (21,984) (662.451) (24.306) Totsl ¢xp¢ndltur¢ (440,354) {83,165) (141.454) (21,984) (686.957) Net Incon ei dlture before trswfers 36,033 10.805 21,984 27.290 Transfer Ijets tundg iO,LK¥J (10.000) Net movement In fvnds 46.033 2,436 805 (21,984) 27.29 Funds #t l J•nu#ry 183.857 56.290 1.900,731 791.424 2.932.302 Funds at 31 December 229,890 1,901,536 769,440 2,959,592 24