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2023-12-31-accounts

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

SANDCROSS CHURCH

Serving Jesus Christ in the Community

COMPANY REGISTRATION No: 06780440

CHARITY REGISTRATION No: 1128442

Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF

SANDCROSS CHURCH

(A COMPANY LIMITED BY GUARANTEE)

CONTENTS

Page 3 Legal & Administrative Information Pages 4 to 7 Report of the Trustees Page 8 Independent Examiners Report on the Accounts Page 9 Statement of Financial Activities Page 10 Balance Sheet Pages 11 to 16 Notes to the Financial Statements

2

SANDCROSS CHURCH

(A COMPANY LIMITED BY GUARANTEE)

LEGAL AND ADMINISTRATIVE INFORMATION

CHARITY NUMBER 1128442 COMPANY REGISTRATION NUMBER 6780440 DATE OF INCORPORATION 28th December 2008 START OF FINANCIAL YEAR 1st January 2023 END OF FINANCIAL YEAR 31st December 2023 TRUSTEES AT 31ST DECEMBER 2023 Andrew Grimstone (Chair of Trustees) Gregory Park (Appointed 21.11.2023) Paul Rogerson Gina Pinion Elizabeth Wicking Trustees are appointed by the members of the Trust. One third of trustees retire by rotation each year and are eligible for re-election. The business of the Trust is managed by the Board of Trustees. Note: The Charity's Trustees are also the Directors of the company for the purposes of company law. GOVERNING DOCUMENT Memorandum and Articles of Association Incorporated 28th December 2008 OBJECTS The advancement of the Christian religion worldwide; The Trustees confirm that they have had due regard to the guidance issued by the Charity Commission when planning their objectives and activities. REGISTERED ADDRESS Sandcross Church 59 Sandcross Lane, Woodhatch Reigate Surrey RH2 8EX BANKERS The Co-operative Bank plc CAF Bank Ltd PO Box 101 25 Kings Hill Avenue 1 Balloon Street Kings Hill Manchester West Malling M60 4EP ME19 4JQ SOLICITORS Wellers Law Group LLP Tenison House, Tweedy Road Bromley Kent BR1 3NF INDEPENDENT EXAMINER Lomax Pavey Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF

3

SANDCROSS CHURCH

(A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023

FINANCIAL RESULTS

We are thankful for the Lord’s continuing goodness to us as a church, and particularly for the continuation of our Children’s Groups into the 2023-24 academic year and the appointment of our new Pastor, Gregory Park, in the Autumn of 2023.

During 2023, regular donations and giving to the church’s unrestricted general funds increased compared to 2022 which covered the modestly increased expenditure in 2023, resulting in a net Unrestricted Fund surplus for the year of £5,149 (2022: surplus of £5,124). With the appointment of our Pastor, we started to apply the Restricted Minister Fund reserves to funding the Pastor and his family’s accommodation rentals and related costs. A total of £10,942 was expended in 2023 (slightly over half the 2023 opening Minister Fund reserves balance), and £41,937 was directed by the Trustees to be transferred from Unrestricted Reserves to the Minister Fund, leaving a Minister Fund balance of £51,382 at the 2023 year end, which is estimated to be sufficient to fund the Pastor’s accommodation and related costs through to the end of August 2026 (so for 3 years in total). Restricted income from the Children’s Groups was sufficient to fund the ongoing costs of that ministry and for us to be able to support our Children’s Groups leader, Laura Cox, through the Autumn term with a net Children’s Groups Fund balance of £2,532 carried forward into 2024. The overall financial deficit in 2023 of £5,023 (reflecting the initial part-year costs of supporting our new Pastor) compared to an overall surplus of £9,465 in 2022.

PURPOSE

The purpose of the church is to advance the Christian faith and to

AIMS

Sandcross Church operates as an undenominational gospel mission work in conformity to the covenant on its land. This is achieved through all the activities of the church in an integrated manner. As a result, worship, teaching, training and mission are the reasons for every activity and aspect of the church’s life. This follows the Biblical pattern of church life in which there is a continuous cycle of disciple-making, disciple-equipping and disciplesending to make more disciples of the Lord Jesus Christ - all within a framework of worship and Biblical teaching.

PUBLIC BENEFIT

The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit as set out below. Details of how the charity has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.

REVIEW OF ACTIVITIES

During the first half of 2023 the church continued to pray for God’s guidance in appointing a pastor at Sandcross Church. The church had advertised in the relevant periodicals and several applicant CV’s were reviewed. We thank the Lord that our prayers were answered, with Gregory Musik Park being appointed and commissioned into the role on Sunday 24th September 2023, with the support of his wife Boyoung and their son Hajoon.

Sunday worship and Bible teaching services continued as our primary ministry to our members and visitors to Sandcross Church. Several speakers came from Christchurch Banstead during the year, as well as Mike Williams from Reigate Baptist Church, to support us with preaching and leading of our Sunday services, for which we are very grateful.

Other activities continue to be undertaken including:-

4

SANDCROSS CHURCH

(A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023

REVIEW OF ACTIVITIES (continued)

These ministries were predominantly delivered by serving members and others who serve the Lord in a voluntary capacity, but some are now also undertaken by the new Sandcross pastor.

We are grateful to all who have faithfully and loyally contributed to the ministry of the church during 2023.

SUMMARY OF THE MAIN ACHIEVEMENTS DURING THE YEAR

Key Objectives

TRUSTEES, STAFF & MEMBERS

Our children's group leader, Laura Cox, advised in the Spring of 2023 that she would need to take up paid employment which would mean a loss of her time to the church as Children and Families Leader. After reviewing the alternative options, it was agreed by the trustees in September 2023 that Laura be employed and supported on a part time basis, so that she could remain in her leaders role, and our children's groups could continue operating.

As noted above, we were delighted after a few years without a pastor, to be able to appoint Gregory. We are very thankful too, that several churches in his home country of South Korea are continuing to support the family financially. Although our intention is to support the family fully before too long, currently only the funding of accommodation and some other benefits are required to be made by Sandcross.

It was agreed at a trustee meeting on 21st November 2023 that Gregory be appointed as a trustee of Sandcross Church and Boyoung as a member of the staff team.

Brenda Piper, a trustee for several years resigned on 21st November as she felt that the Lord was leading her to new responsibilities at Oak Hall church. We respect that decision, of course, and we are very grateful to Brenda for her very many years of service to Sandcross.

We had one baptism request in the year and training is being undertaken for this.

Wes Tossell, a faithful member of this church, passed away 29th February 2024. He was a serving member of Sandcross Church for sixty three years. A thanksgiving service for his life and witness was held on 5th April 2024 and the Trustees have recently been notified that Wes also provided for a substantial legacy to be gifted to Sandcross Church.

MISSION INTERESTS

The church has maintained its support of its mission partners and their ministries:

5

SANDCROSS CHURCH

(A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023

CHURCH GROUPS AND EVENTS

The weekly parent and children's groups which takes place on a Monday and Tuesday morning called “Play Cafe” and “Tiny Tunes” respectively for children under five, continued to be very successful and, on occasion over subscribed. We appreciate the support given to these groups by Reigate Baptist Church who assisted with running the groups.

The Sandcross Strollers continues to be very well supported with a collective walk once a month on a Saturday afternoon.

The Wednesday evening “Thrive” bible study group continues and is very popular. Hope Explored - a three session evangelic course was held in February 2023. We were pleased to have four guests attending overall and followed up with each of them.

A group of ladies attended the Women’s Awayday arranged by Christchurch, Banstead in May 2023.

Several of our church members assisted Reigate Baptist Church with their Christmas service taking part as “characters” from the Christmas story.

Sadly, following a meeting with Mike Williams in early January 2024, we were informed by Mike that the Reigate Baptist Church Trustees had made the decision to withdraw from partnering with Sandcross Church going forward, except in relation to children's groups. This was difficult for us to understand but we continue to trust the Lord for his purpose and provision.

BUILDING WORK & I.T

The replacement of the leaking flat roof was undertaken in 2022 with remedial works finally completed in the Spring of 2024.

The purchase and installation of a new noticeboard and lighting was agreed during the year and also completed in the Spring of 2024.

Replacement lighting and sound system for the auditorium, together with work on the foyer and general decoration, has been carried over into 2024 and potentially 2025.

A new Epson printer for the church office was purchased in November 2023.

RESERVES POLICY

The Trustees’ policy is not to accumulate available reserves unless deemed necessary or prudent prior to making a commitment to new ministries, projects, staff or facilities. The Trustees have accumulated some reserves specifically to fund our new pastor's accommodation and related support for a three year period.

6

SANDCROSS CHURCH IACOMPANY LIMITED B Y GUARA1￿fEEl REPORT OF THE Tf¢usTEES Icontlnuodl FOR THEYEAR ENDED 31 ST DECEMBER 2023 RISK5ANDUNOTAINTI ThetrUstsés￿￿ycOn%ld￿red thèmaitrriskstowhKhihÈ¢hvfch ￿ WAPLqd (l￿￿1￿rinan¢Jalm1SF90S1fitt￿, hukhand safèty.cFdld prct•£ti Secuntyand dataprfktttianl.O¥erall.thetth¢¢saWsatf￿t￿t?de9￿at0Mea5u￿sk￿b¢¢ntsl4nt￿fj￿rt￿atP￿￿èTrtiA?d nsks. GOIMaCOfKHt14 Th&tnJ%ts￿and1￿I1QVJ5hVof50￿d¢¢￿9￿urcha￿￿brygfaI￿l￿I10r1hoLQ[rfsc(YWlUed p(tyi&ionl¢Jrthi4cFdKcNand havdcidt￿c￿rityènd whicharg$L4Eli¢￿tOstr￿￿and oxplahith•chaTty$tran59ttioAs)nd snÈb￿thrntO•nSufeth￿rth•fiTr￿ncbsl￿tethert tcffip￿Wrthlhetsnp￿n￿Act2006arl COMP￿￿￿￿re9￿1at￿nSmadWl￿d9tth+O¢rItlèsAe￿.Th￿ar24ISorg$pan1Ib￿I0rs¥I8g￿?￿1￿t￿￿￿ Ctth?clwityat￿ he￿￿ef￿trki￿ r¢èstyi)bhstepsfarthfi pwEtfvtsarddètethmrllrnud T￿1r￿L0￿5￿￿￿koIwSPQ￿5￿bie￿thÈcQrnt4nts￿th￿RCPcrtOheT￿5te%5Ir￿t￿reSpOnsibIr￿rItr￿W￿epende￿telM￿￿Pifft￿ttsfjWtQlh trustees'ieporti51imta t0￿M￿n9th•rèpcrt￿rd 8nsUringtknL0￿lhpI¥È￿thO￿Pcrt,1h@￿￿M￿WKL￿￿te￿C1￿wrthIhet￿￿Ps￿￿&)séd In thbfinBnC￿1￿￿Ie￿e￿tS. l&ppro¥eIh¢4ttst￿d OtÉmèntoffhi&ncwl8ctpJth541d baL4ncÉ &hÉ8tfuth￿pQn0dO￿ded3￿￿DÈÈMbr202yar￿C￿￿l￿nthatI￿￿rnade ￿￿17￿bI￿alll￿10r￿¥ti￿ hÈtÉssaryfNrtSPF•PDIBtl￿. wthd tyythèfru&ts•&rAltho................ .. ..-.. ........ . Syrtd tsnthirbehaWbyArdrewGrirnwfyirrlTnrst8es &9Mtur•.'

SANDCROSS CHURCH

(A COMPANY LIMITED BY GUARANTEE)

INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS

I report to the trustees/members of Sandcross Church on my examination of the accounts of the Company for the year ended 31st December 2023.

RESPONSIBILITIES AND BASIS OF REPORT

As the charity’s trustees of the Company (who are also the directors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).

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

INDEPENDENT EXAMINER'S STATEMENT

I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

.................................................................................

Lomax Pavey Independent Examiners Ltd

Unit 2

The Broadbridge Business Centre Delling Lane Bosham

West Sussex PO18 8NF

7th September 2024

8

SANDCROSS CHURCH

(A COMPANY LIMITED BY GUARANTEE)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2023

Notes
INCOME
Donations & Legacies
3a
Charitable Activities
3b
TOTAL INCOME
EXPENDITURE
4
Charitable Activities
TOTAL EXPENDITURE
NET INCOME/(EXPENDITURE)
Funds brought forward
Transfers between funds
6
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
2023
2022
£
£
£
£
22,957
-
22,957
23,623
-
3,751
3,751
4,146
22,957
3,751
26,708
27,769
17,808
13,923
31,731
18,304
17,808
13,923
31,731
18,304
5,149
(10,172)
(5,023)
9,465
692,793
22,149
714,942
705,477
(41,937)
41,937
-
-
656,005
53,914
709,919
714,942

Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.

The notes on pages 11 to 16 form part of these financial statements.

9

SANIXROSS CHURCH IA COMPAFIV LIMThED BY GUARANTEEI BALANCE SHEET AS AT 31 ST DECEMBER 2023 Unrettrict Fund¥ 3141K-22 Furds ros•1 Taryibleisso 641.471 641,789 Debtorslnd P¢Pa￿ent8 4.350 4.350 6S.027 4.324 69.759 $3.914 15A63 $3.914 09,377 74083 ¢¥dltorsi 930 930 930 NEfcuiiRENT ASSETS 14533 53.914 68,447 73.IS3 TQTALASSETSle5SCUTheThtliabiithe$ 050.OOJ 53.914 709.919 714.942 Cr&YitOVarn<Juntsf)IK& due fo 656.OOS 53,914 7D9.919 6%0 656.￿5 53.914 691793 2Z149 ft￿￿ted fur￿￿ $3.914 TOTAL FUND5 056,005 53.914 709 919 714 942 FtythtfiDafi¢lal￿ra￿di￿9 31 D•¢embet2023th4thaiitNw4$ertrtWtsex•mptiDnfraMaudrcunderse¢t￿4770tikcO￿PaTh￿SAts1￿6￿atin9 tO5mglc(wnp9r￿0I. DirnctOTS'T•sp<JnÈtylits." . Thememb•tshantwu￿dth•￿lrf￿t0¢6ts1fft3￿￿￿VJ￿Q￿￿S￿Cc￿ntr1ryfhtrSea11NqUV5tI(￿￿￿cCc1da￿¢éWrths¢Ctl￿476afthIccfftp￿n1o5 Act2￿6. aThY . Thpd1T•ttt￿3jCkfi￿1ed¥￿thPirT•sp￿&Its1l￿￿%1O1c¢mpF￿n9w((hthe Llth&Acfwrth￿Sp1c1¢JcCou￿tl￿r0cLYd8a￿ thÈ pr8pardtityi¢la¢¢¢wnts. Thasea¢¢tyJrrtskbT bo8nproP4redynict(¢dahc•withthe prtyiyNhsapp1￿Ob￿tOCc￿)jP4￿l￿sUb1ecttol1￿srnolcoMPIniu r89hM¢. pprty¢d byt￿￿Tr￿tO￿SOThthI..........-..-......................--............................-...--._...... 9gngy O￿t￿libeha￿bY￿￿rWvGnM￿fft.￿alI(lTwets

SANDCROSS CHURCH

(A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

1. ACCOUNTING POLICIES

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with 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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011.

Basis of preparation

Sandcross Church meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Preparation of accounts on a going concern basis

Preparation of the accounts is on a going concern basis. The Trustees are of the view that the level of reserves will support the charity going forward.

Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period.

Income

Recognition of Income

These are included in the Statement of Financial Activities (SOFA) when:

Income with Related Expenditure

Where income has a related expenditure (as with fundraising or contract income) the income and related expenditure are reported gross in the SOFA.

Grants and Donations

Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.

Tax Reclaims on Donations and Gifts

Income from tax reclaims are included in the SOFA in the same financial period as the gift to which they relate.

Contractual Income and Performance Related Grants

This is only included in the SOFA once the related goods or services have been delivered.

Gifts in Kind

Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.

Donated Services and Facilities

These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.

Volunteer Help

The value of any voluntary help received is not included in the accounts but is described in the Trustees' annual report.

11

SANDCROSS CHURCH

(A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023

1. ACCOUNTING POLICIES (continued)

Expenditure

Governance Costs

Include costs of the preparation and examination of statutory accounts, the costs of the Trustees' meetings and cost of any legal advice to trustees on governance or constitutional matters.

Assets and Liabilities

Fixed Assets

These are capitalised if they can be used for more than one year, and cost at least £500. They are valued at cost or, if gifted, at the value to the charity on receipt.

Depreciation is calculated at a rate to write off the cost of tangible fixed assets on a reducing balance over their estimated useful lives charged to the SOFA. The rates applied per annum are as follows:

Equipment 25%
Land & Building Nil

No depreciation is charged to freehold property as the property is maintained to such a standard that the estimated residual value is not less than cost. The useful economic life of these assets is so long and residual value so high that any depreciation would not be material. These assets are subject to annual impairment reviews. Provision will be made if there has been any permanent diminution in value.

Liability Recognition

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

Debtors

Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.

Creditors

The charity has creditors which are measured at settlement amounts less any trade discounts.

2. TANGIBLE FIXED ASSETS

Cost
01-Jan-23
Adjustments - Addition of new office printer
18-Oct-23
Cost at
31-Dec-23
Depreciation
01-Jan-23
Charge
Depreciation at
31-Dec-23
Net Book Value
31-Dec-23
Net Book Value
31-Dec-22		 Land & Building
Equipment
Total
£
£
£
641,128
30,656
671,784
-
552
552
Unrestricted Funds
641,128
31,208
672,336
2,820
27,175
29,995
-
870
870
2,820
28,045
30,865
638,308
3,163
641,471
638,308
3,481
641,789

Church buildings have been depreciated previously, but the trustees consider that having regard to the ongoing maintenance of the property (the costs of which are charged to the SOFA) it is not appropriate to depreciate the cost of church buildings. Land is not depreciated.

The annual commitments under non-cancelling operating leases and capital commitments are as follows:

31-Dec-23 None 31-Dec-22 None

12

SANDCROSS CHURCH (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023

3. INCOME
Notes
a) Donations & Legacies
Sunday & General Donations
Standing Orders & Stewardship
New Minister Fund
Gift Aid Tax
Sundry Income
b) Charitable Activities
Children's Groups
4. EXPENDITURE
Notes
Charitable Activities
Maintenance
Water Heater Installation
Catering & Events
Posters & Flyers
Cleaning & Disposables
DBS, First Aid & Training
Consumables and Other
Depreciation
Pastor's Support (Rent, Council Tax, Other)
Volunteer Gift
Children's Groups
Heat & light
Electrical Works & PAT Tests
Insurance
IT/communications/publishing
Missionary Gifts
5
Professional Fees
Speakers expenses
Staff Costs (Children's Groups Leader)
11
Christian Books & Publications
Stationery, Printing and Post
Subscriptions
Fire Alarm Systems
Data Protection & Copyright License
Water & Waste		 Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
2023
2022
£
£
£
£
(Note 6)
5,548
-
5,548
5,682
12,722
-
12,722
10,970
-
-
-
2,000
4,687
-
4,687
4,892
-
-
-
79
22,957
-
22,957
23,623
-
3,751
3,751
4,146
-
3,751
3,751
4,146
Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
2023
2022
£
£
£
£
(Note 6)
433
-
433
634
-
-
-
129
119
-
119
685
286
-
286
192
263
-
263
337
256
-
256
209
128
-
128
118
870
-
870
1,161
-
10,942
10,942
-
-
-
-
500
-
1,537
1,537
2,384
6,079
-
6,079
2,586
922
-
922
-
1,050
-
1,050
958
953
-
953
2,227
2,525
-
2,525
2,300
1,074
-
1,074
930
500
-
500
300
-
1,445
1,445
-
48
-
48
584
549
-
549
208
130
-
130
232
1,079
-
1,079
1,174
312
-
312
330
232
-
232
127
17,808
13,923
31,731
18,304

13

SANDCROSS CHURCH

(A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023

5. GRANTS

The table below displays grants made this year and in the previous reporting year.

Institutional Grants
Crosslinks
Project Mozambique
Sparkfish
Individual Grants
Grants to 3 missionaries (2022: 3 missionaries)		 Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
2023
2022
£
£
£
£
650
-
650
400
400
-
400
500
200
-
200
200
1,275
-
1,275
1,200
2,525
-
2,525
2,300

6. RESTRICTED FUNDS

6. RESTRICTED FUNDS
Minister Fund
Mission fund
Children's Groups
Minister Fund
Mission fund
Children's Groups		 This year
01-Jan-23
31-Dec-23
Balance
Income
Expenditure
Transfers
Balance
20,387
-
10,942
41,937
51,382
-
-
-
-
-
1,762
3,751
2,982
-
2,532
22,149
3,751
13,923
41,937
53,914
Last year
01-Jan-22
31-Dec-22
Balance
Income
Expenditure
Transfers
Balance
17,887
2,500
-
-
20,387
-
-
-
-
-
-
4,146
2,384
-
1,762
17,887
6,646
2,384
-
22,149

Minister Fund: Reserves remaining to support the ongoing accommodation, council tax and related costs of our new pastor for a three year period from his appointment in September 2023. The trustees agreed that an additional £41,937 of funding / reserves should be transferred from unrestricted General Fund reserves following the appointment of our new pastor.

Mission Fund: see Note 5 Grants above for details of Institutional and Individual donations. Missional grants are no longer considered restricted, as in recent years they have been funded from unrestricted income rather than specific giving for our mission partners.

Children's Groups: Attendance fee income received for children attending our Play Café and Tiny Tunes groups is used to fund the costs of running those groups and the net surplus for 2022 is held as Restricted for future investment in equipment and potentially to provide the support required to continue running of these groups, including support provided to our Children’s Groups leader, Laura Cox. The net surplus for 2023 is held as Restricted for ongoing investment in equipment and to fund continuing support costs into 2024.

The restricted funds are wholly represented by the Charity's cash reserves.

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SANDCROSS CHURCH

(A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023

7. DEBTORS AND PREPAYMENTS
Gift Aid Recoverable
Other Debtors and Prepayments		 Unrestricted
Restricted
Total
Total
Fund
Fund
31-Dec-23
31-Dec-22
£
£
£
£
4,350
-
4,350
4,158
-
-
-
166
4,350
-
4,350
4,324

8. CASH AT BANK AND IN HAND

Co-op current account
CAF gold account
CAF Cash Account		 Unrestricted
Restricted
Total
Total
Fund
Fund
31-Dec-23
31-Dec-22
£
£
£
£
4,636
53,914
58,550
63,367
6,452
-
6,452
6,392
25
-
25
-
11,113
53,914
65,027
69,759

9. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Independent Examiners Fee Unrestricted
Restricted
Total
Total
Fund
Fund
31-Dec-23
31-Dec-22
£
£
£
£
930
-
930
930
930
-
930
930

10. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR

There were no Creditors or Accruals falling due in more than one year at the end of this financial year (2022: £Nil).

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SANDCROSS CHURCH (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023

11. STAFF COSTS

Gross Wages and Salaries (Children's Groups Leader)
Employer's National Insurance Costs
Pension Contributions		 2023
2022
1,445
-
-
-
-
-
1,445
-

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000 during the financial year. Support was provided during 2023 to our Children’s Groups leader but, as noted in the Report of the Trustees, the support costs of our new Pastor are funded by his supporting Korean Churches for which the Trustees are very grateful.

12. TRUSTEES AND OTHER RELATED PARTIES

The Trustees have individually made regular donations to the Church throughout the year.

The amount donated by trustees to the charity during this financial year was:

Total: £6,272

No conditions were attached to these transactions.

No other payments were made to Trustees or any persons connected with them during this financial period, other than reimbursement for items bought on behalf of the Church. No other material transaction took place between the organisation and a trustee or any person connected with them.

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