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2024-12-31-accounts

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

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

CHARITY NUMBER 1128442 COMPANY REGISTRATION NUMBER 6780440 DATE OF INCORPORATION 28th December 2008 START OF FINANCIAL YEAR 1st January 2024 END OF FINANCIAL YEAR 31st December 2024 TRUSTEES AT 31ST DECEMBER 2024 Andrew Grimstone (Chair of Trustees) Gregory Park 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 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 2024

FINANCIAL RESULTS

We are thankful for the Lord’s continuing goodness to us as a church.

Regular giving and gifts to our unrestricted general funds, including Gift Aid and interest, totalled £23,835, a slight increase compared to 2023. Costs including remedial work on the electrical systems and higher depreciation were £25,265. However, the church was blessed in receiving a generous £30,000 legacy which resulted in a net Unrestricted Fund surplus for the year of £28,570 (2023: surplus of £5,149). In addition, the trustees approved capital spending totalling £10,224 (including costs of a new noticeboard and defibrillator).

We continued to apply the restricted Minister Fund reserves to funding the Pastor and his family’s accommodation rentals and related costs. A total of £25,790 (slightly over half the 2024 opening Minister Fund reserves balance of £51,382) was spent during the year, and the balance transferred to designated funds at the year end. A further £24,596 was then designated from unrestricted funds, to reflect the one year lease extension to early September 2026, leaving a total designated Pastor’s Accommodation balance of £50,188 at the 2024 year end, which is estimated to be sufficient to fund the Pastor’s accommodation and the related costs through to early September 2026 (which will be 3 years in total).

The Children’s Groups fund balance of £2,532 brought forward into 2024 was increased by those attending Play Cafe on a Monday and was used to pay support to the children’s group leader and purchase items required for the children. Play Cafe finished in July when Laura Cox, the children’s group leader, resigned. The remaining Children’s Groups fund balance at the end of 2024 (£526) has been transferred to designated funds and will be used to purchase items for the children who attend Tiny Tunes on a Tuesday, which still continues.

The overall financial surplus in 2024 was £744, reflecting the substantial legacy received but offset by a full year of Pastor support costs, compared to an overall deficit in 2023 of £5,023.

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

Sunday worship and Bible teaching services continued as our primary ministry to our members and visitors to Sandcross Church under the leadership of Pastor Gregory Park. Several speakers came from Christchurch Banstead during the year 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 2024

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 2024.

SUMMARY OF THE MAIN ACHIEVEMENTS DURING THE YEAR

Key Objectives

TRUSTEES, STAFF & MEMBERS

Our children’s group leader, Laura Cox, regretfully informed us that she, and her family, would be leaving Sandcross and moving to Reigate Baptist Church where she felt that there were greater opportunities for her, her husband Andrew, and their three children, Amelia, Mayah and Elia. Laura was paid on a part time basis of ten hours per week as a children’s group leader, involved with Play Cafe on a Monday and Tiny Tunes on a Tuesday. She also ran Sunday School and outreach activities. Her role in these areas ended in July. She was supported by other church members but it was not possible to continue with the Monday children’s group. Tiny Tunes, however, on a Tuesday continues and is very popular. Laura’s daughter, Amelia, was undertaking baptism training but this also ceased.

We are grateful for our pastor Gregory and that churches in his home country of South Korea continue to support him financially. We provide housing for Gregory and his family and trust that we shall, at some point, be able to provide fully for him. Early on in 2025, we were able to extend the lease on their home out by a year to early September 2026.

Wesley 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 was attended by his family. This was followed by the planting of a red rose in the front garden of the church in his honour. Then in August 2024, we received a very generous legacy of £30,000 left to the church by Wesley and the trustees are looking at various uses of these funds for major improvements.

In October a further thanksgiving service was held for Betty Lake, who was for many years a serving member of the church where she played the piano for the church services. The thanksgiving service was very well attended by her family and friends.

In April we received a very generous offer from a member of Reigate Baptist Church to play the piano, once a month, at a Sunday morning service. This offer was accepted and it has been very well received. We are extremely grateful.

We are actively looking at enlarging the staff team and trustees from amongst our serving members and we are trusting the Lord that this will be possible, in His good timing.

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 2024

MISSION INTERESTS (continued)

During 2024 we appreciated visits from Chris Hemborough, Rick and Alanna Creighton and a representative from Sparkfish. Each reported on their mission work and thanked Sandcross for the ongoing prayer and financial support they receive.

CHURCH GROUPS AND EVENTS

The weekly parent and children’s group “Tiny Tunes” takes place on a Tuesday morning and continues to be popular. “Play Cafe” the Monday group was very successful and sometimes oversubscribed but had to cease in July following the resignation of Laura Cox.

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

The Wednesday afternoon and evening “Thrive” and bible study group continues and is very popular. Once a month the Thrive programme includes a prayer meeting and also Home Group sessions.

A men’s breakfast was held in March and a family outreach brunch service was held in March, June and again in November.

Hope Explored - a three session evangelistic course - was held in February with four guests attending as well as our church family. A further Hope Explored course was held in November.

A new initiative “Open Church”, started in April, where the church is available on a Wednesday morning for anyone to come along for refreshments, prayer and conversation.

A thank offering service was held in April and the sum of £1,868 was donated to the church for which we are grateful.

Our Annual Church Meeting was held in September where our Pastor Gregory reflected on what makes a church healthy in God’s eyes. All serving members present were reminded of the activities undertaken in 2023, updated on the church finances and advised of the works and programme in progress and planned for the rest of 2024 and into 2025. Testimony and encouragements were shared and prayers of thanksgiving offered for the Lord’s sustaining.

Also in September a weekly Monday evening zoom prayer meeting was introduced, to pray specifically for the church family and outreach, which has proved to be very successful.

An evangelistic concert was held in October with the singer and songwriter Bryn Haworth, this proved to be very popular with a full church.

The church held it’s usual Christmas services including a “Christmas Story” service for the Tiny Tunes children.

BUILDING WORK & I.T

The leaking flat roof which was replaced in 2022 had some problems and these were eventually remedied in December.

The purchase and installation of a new noticeboard and lighting was completed in the Spring of 2024. Replacement lighting in the main church building and prayer room was installed in January 2025, funded from Wesley’s legacy, and improvements carried out to the fire alarm system.

We wished to add a storage shed in the church garden ourselves, and we were approached by Sparkfish, a children’s educational charity, in February 2024 who asked if they also could have use of a similar storage unit in our garden. This was agreed and planning permission sought from the local authority. Planning approval was obtained in February 2025, and a shed has now been installed. The trustees will agree a basis of access with Sparkfish.

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 Pastor’s accommodation and related support for a three year period.

6

SANDCROSS CHURCH IACOMPANY LIMITED B Y GUARANTEEI REPORT OF THETRusfEFS Ironknnuedl FOR THEYEAR ENDED 31sr DÈCEMBER 2024 RISXSAIIi>UIICMtrAirm 18cuttyanddat4 prot¢¢tiOJ)1.Owral.t￿t[wI￿￿Ms)trf￿th￿tadÈq￿Ilml•W￿5hjVI￿nt)keft1Omrt￿j•l¢ld¥ttff￿d nsk5. OING¢ofKERP4 ThetrUst&w4ndfeltrwsh￿01Safdcr(ÈSlJ￿￿Ch￿rè￿ry9rjt4I￿1f￿rth¢￿St￿￿￿￿￿ p¥tytsthftythi$dKrth.wh¥chhHseththnuedintothB20 ¥WUlTEdto:. pa10f￿￿4￿1StstÈth9Thts(￿la￿c￿r￿ tt<Jnt•mbasi&thiltt&kL%inapprrpna1ÈtOPTtt￿MÈth)t￿t¢Mp)tyYl1lIc￿1I￿ s￿te￿￿h￿r￿pPjKabbacc{m1￿￿Wst?￿d￿d5J￿ Ststyne￿ts&Tffo￿m￿r￿E￿Pr4Crtebo￿Eb￿f￿kAYed.IUbixtt0￿ny rnatsr&ald•pèthroSdiKk￿•ol￿ ￿p￿Ined ththèflmnt￿Ittat￿én prArtMofth•chariiyartd WhlcharethK￿AIto#h￿a￿￿￿&Ittthe(￿riv5l[a￿5aEtIOllsafd e￿b￿l￿￿mtO0n5u￿t￿￿1th9IiDl￿Cl￿l#1t9rn•￿tr ¢othptywithth?c￿￿Pan￿￿ACi2(￿￿a￿dC￿nptyWllh￿sU1a1lL￿ffl4d0Undorlho￿￿t1O￿A¢t.TP￿aWakoW￿Wb￿fr<Èa&9¥a￿K Thatmst￿B￿rèa￿O￿PW￿ib1¢￿Ih￿¢orterrts¢11heWOrtofth0T￿￿9tèS￿￿dthreSP(￿bl ihtyclthBindepqnd@nt8xamimrinre￿tknTrrothe I￿￿te@s. repOrt￿￿￿￿tOeXam1nm￿Ihe￿ep￿l4￿de]wth￿t￿t￿t￿￿ce￿￿e￿Ptyt.t}we4Te￿￿lnCUr￿5trEn￿Ie5withlheIBureldix1fAed in thefiMnci?l%tal8m•Thts. 1apPrth￿t￿èttaCh￿￿stern￿￿OFfi￿￿￿J?1￿rt￿￿ie1ard baIpnre5heLtlaTth2per￿d ended 315FDqcembw2023andtorfinMt￿t1kn%￿￿d￿ voi10b￿all4nforM1￿￿Mc11saryl<Xtspr•ParItIti1. by1￿T￿JSte&stythO.__._....

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 2024.

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.

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Lomax Pavey Independent Examiners Ltd

Unit 2

The Broadbridge Business Centre Delling Lane Bosham

West Sussex PO18 8NF

29th August 2025

8

SANDCROSS CHURCH

(A COMPANY LIMITED BY GUARANTEE)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024

Notes
INCOME
Donations & Legacies
3a
Charitable Activities
3b
Other Income
3c
TOTAL INCOME
EXPENDITURE
Charitable Activities
4
TOTAL EXPENDITURE
NET INCOME/(EXPENDITURE)
Funds brought forward
Transfers between funds
6
Prior Year Adjustment
13
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
Restricted
Designated
TOTAL
TOTAL
Funds
Funds
Funds
2024
2023
£
£
£
£
£
51,582
-
-
51,582
22,837
1,868
2,522
-
4,390
3,751
386
-
-
386
120
53,835
2,522
-
56,357
26,708
25,295
30,318
-
55,613
31,731
25,295
30,318
-
55,613
31,731
28,540
(27,796)
-
744
(5,023)
656,005
53,914
-
709,919
714,942
(24,596)
(26,118)
50,714
-
-
(138)
-
-
(138)
-
659,811
-
50,714
710,525
709,919

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

SANDCROSS CHURCH IACOMPANY LIMrrED BY GUARANTEEI BAIANCE SHEEr ASAT 31sr DÈCEPthER 2024 Funds Furds Fufjdi T•tsi 6445fXI 641.471 Oebtorsafid Prp•>￿Thtt C¥shitb?nk4ndinHBr 3m3 59.120 B.406 50.714 11299 50,774 63.013 69.377 10 930 11.309 50.714 iQ,447 TQTALAS$¢TSkncwErtl￿1￿lib￿5 4$9.811 50,714 710.525 709.919 Cr•d1knrnèm￿rrtsfa￿￿dUè1nffir NEfASSEWS 659911 5Q.714 710525 709.919 ￿￿dI•11b¢<h4ylty Gon¢rdlFund$ Rèstli￿d funds D•s19n4tÉd Fund 659.811 659h11 $3,914 SO.714 50.714 TOTALFUNDS 6S?811 710$25 FOrth•fi￿n[la1IryIrO￿dIry 31 DKqMbOr2￿4thP￿3ttyW&SOM1￿9d10&￿￿PlW￿1r￿￿￿￿￿rtY￿ers6CI￿4770thÈ￿péttksJtt2￿6 compan￿•￿t21￿)6'. and pr•pbr4Ik￿Qf￿CCr￿%. Th¢$È袢(wnt&tr￿￿ Wrtpr¢partd itt4¢w￿•￿t￿tht￿￿Pr￿￿s1￿￿pP1tablètOccffiparkn￿ub￿￿t0th•Sm31Ic¢Xnpa￿lOSr•Yrn. PP￿Ad bytheTrust••scfith•..................................................... SignatLir•.'

SANDCROSS CHURCH

(A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

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 2024

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

Note
Cost
01-Jan-24
Additions - Shed Base
Additions - Noticeboard & Defibrillator
Cost at
31-Dec-24
Depreciation
01-Jan-24
Prior Year Adjustment
14
01-Jan-24
Charge
Depreciation at
31-Dec-24
Net Book Value
31-Dec-24
Net Book Value
31-Dec-23		 Land & Building
Equipment
Total
£
£
£
638,308
31,208
669,516
1,300
-
1,300
-
8,924
8,924
Unrestricted Funds
639,608
40,132
679,740
-
28,045
28,045
-
138
138
-
3,056
3,056
-
31,240
31,240
639,608
8,892
648,500
638,308
3,163
641,471

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-24 None 31-Dec-23 None

12

SANDCROSS CHURCH

(A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024

3. INCOME
Notes
a) Donations & Legacies
Sunday & General Donations
Standing Orders & Stewardship
Gift Aid Claim
Legacies
b) Charitable Activities
Children's Groups
6
Thank Offering Service
c) Other Income
Bank Interest
Sundry Income
4. EXPENDITURE
Notes
Charitable Activities
Bank Charges
Boiler Installation & Equipment Maintenance
Catering & Events
Posters & Flyers
Cleaning & Disposables
DBS, First Aid & Training
Consumables and Other
Depreciation
Pastor's Support (Rent, Council Tax, Other)
6
Children's Groups
6
Heat & light
Electrical Works & PAT Tests
Insurance
IT/communications/publishing
Missionary Grants
5
Professional Fees
Speakers expenses
Staff Costs (Children's Groups Leader)
6&12
Christian Books & Publications
Stationery, Printing and Post
Subscriptions
Fire Alarm Systems
Outreach Expenses
Training Expenses
Data Protection & Copyright License
Water & Waste		 Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
2024
2023
£
£
£
£
(Note 6)
4,522
-
4,522
5,428
13,190
-
13,190
12,722
3,870
-
3,870
4,687
30,000
-
30,000
-
51,582
-
51,582
22,837
-
2,522
2,522
3,751
1,868
-
1,868
-
1,868
2,522
4,390
3,751
331
-
331
120
55
-
55
-
386
-
386
120
Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
2024
2023
£
£
£
£
(Note 6)
60
-
60
-
568
-
568
433
85
-
85
119
-
-
-
286
460
-
460
263
37
-
37
256
130
-
130
128
3,056
-
3,056
870
-
25,790
25,790
10,942
-
919
-
1,537
6,024
-
6,024
6,079
4,586
-
4,586
922
1,210
-
1,210
1,050
1,460
-
1,460
953
2,400
-
2,400
2,525
1,134
-
1,134
1,074
-
-
-
500
-
3,609
-
1,445
280
-
280
48
413
-
413
549
339
-
339
130
1,639
-
1,639
1,079
300
-
300
-
448
-
448
-
334
-
334
312
332
-
332
232
25,295
30,318
55,613
31,731

13

SANDCROSS CHURCH (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024

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 (2023: 3 missionaries)		 Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
2024
2023
£
£
£
£
600
-
600
650
400
-
400
400
200
-
200
200
1,200
-
1,200
1,275
2,400
-
2,400
2,525

6. RESTRICTED FUNDS

In previous years, the church presented certain internal earmarked funds as restricted. Following a post year-end review by the trustees, it was confirmed that these funds were not subject to any external restrictions but had instead been internally designated for specific purposes by the charity. As such, the balances remaining at the year-end have been reclassified and transferred from restricted funds to designated funds.

Specifically, the trustees have designated funds for the Pastor’s Accommodation costs and our Children’s Groups. The trustees designated additional unrestricted funds to cover the Pastor’s Accommodation costs to early September 2026.

Details of the amounts transferred and now held by the church as designated funds are provided in note 7 below.

Minister Fund
Mission Fund
Children's Groups
Minister Fund
Mission Fund
Children's Groups		 Balance
Balance
01-Jan-24
Income
Expenditure
Transfer
31-Dec-24
£
£
£
£
£
51,382
-
25,790
(25,592)
-
-
-
-
-
-
2,532
2,522
4,528
(526)
-
THIS YEAR
53,914
2,522
30,318
(26,118)
-
Balance
Balance
01-Jan-23
Income
Expenditure
Transfer
31-Dec-23
£
£
£
£
£
20,387
-
(10,942)
41,937
51,382
-
-
-
-
-
1,762
3,751
(2,982)
-
2,532
LAST YEAR
22,149
3,751
(13,924)
41,937
53,914

Minister Fund: Reserves remaining to support the ongoing accommodation, council tax and related costs of our pastor and his family. The Minister's Fund is an amount earmarked by the Trustees, and not donors. Therefore it is no longer classified as restricted, and the balance remaining at the year-end has been transferred to designated funds.

Mission Fund: see Note 5 Grants above for details of Institutional and Individual donations. The missional fund is no longer active as all grants are now spent from unrestricted funds. The fund is no longer recorded separately and accordignly has been closed.

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. The balance remaining at the year-end has been transferred to designated funds for the costs of Tiny Tunes.

14

SANDCROSS CHURCH

(A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024

7. DESIGNATED FUNDS

Pastor's Accommodation
Children's Groups		 Balance
31-Dec-24
£
£
£
25,592
24,596
50,188
526
-
526
Transfer from
Unrestricted
Funds
Transfer from
Restricted Funds
26,118
24,596
50,714

Designated Fund – Pastor’s Accommodation

The trustees have designated £50,188 from a combination of restricted and unrestricted reserves to cover the lease and associated housing costs for out pastor and his family through to early September 2026. This includes an estimated provision for council tax for 2026. As the council tax figure is not yet known, an estimated amount of £2,450 has been included, based on current rates and expected inflation. The final cost may vary, and this designation may be revised accordingly. The designated fund also included a Children's group intended to cover the cost of Tiny Tunes. Both designated funds were created on 31st December 2024 by transfer from restricted and unrestricted funds.

8. DEBTORS AND PREPAYMENTS
Gift Aid Recoverable
Other Debtors and Prepayments		 Unrestricted
Restricted
Total
Total
Fund
Fund
31-Dec-24
31-Dec-23
£
£
£
£
3,893
-
3,893
4,350
-
-
-
-
3,893
-
3,893
4,350

9. CASH AT BANK AND IN HAND

Co-op current account
CAF gold account
CAF Cash Account		 Unrestricted
Restricted
Designated
Total
Total
Fund
Fund
Fund
31-Dec-24
31-Dec-23
£
£
£
£
£
7,318
-
-
7,318
58,550
1,063
-
50,714
51,777
6,452
25
-
-
25
25
8,406
-
50,714
59,120
65,027

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

Independent Examiners Fee Unrestricted
Restricted
Total
Total
Fund
Fund
31-Dec-24
31-Dec-23
£
£
£
£
990
-
990
930
990
-
990
930

11. 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 (2023: £Nil).

15

SANDCROSS CHURCH

(A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024

12. STAFF COSTS

Gross Wages and Salaries (Children's Groups Leader)
Employer's National Insurance Costs
Pension Contributions		 2024
2023
3,609
1,445
-
-
-
-
3,609
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 2024 to our Children’s Groups leader but, as noted in the Report of the Trustees, the support costs of our Pastor are funded by his supporting Korean Churches for which the Trustees are very grateful.

The average number of employees during the year was: 1 (2023 - 1)

13. 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 £6,672 (2023 - £8,185). 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.

14. PRIOR YEAR ADJUSTMENT

A prior year adjustment of £138 has been made to correct depreciation that was understated in the previous year due to a fixed asset addition being omitted from the depreciation calculation. This adjustment has been recognised directly in reserves and has no impact on the current year’s surplus or deficit. Comparative figures have not been restated as the adjustment is not material.

16