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2025-12-31-accounts

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025

SANDCROSS CHURCH

Serving Jesus Christ in the Community

COMPANY REGISTRATION No: 6780440

CHARITY REGISTRATION No: 1128442

Independent Examiners Ltd The Grain Store Hills Barns Appledram Lane South Chichester West Sussex PO20 7EG

SANDCROSS CHURCH (A COMPANY LIMITED BY GUARANTEE)

CONTENTS

----- Start of picture text -----
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
----- End of picture text -----

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 2025 END OF FINANCIAL YEAR 31st December 2025 TRUSTEES Andrew Grimstone (Chair of Trustees) Gregory Park Paul Rogerson (Resigned 31st October 2025) 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 Independent Examiners Ltd The Grain Store Hills Barns Appledram Lane South Chichester West Sussex PO20 7EG

3

SANDCROSS CHURCH (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2025

FINANCIAL RESULTS

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

Although regular donations and giving to the church’s unrestricted general funds decreased in 2025, compared to 2024, unrestricted expenditure was also lower attributable to staff cost savings and a prudent approach to spending generally. There would have been a deficit but for two large donations received in the year which significantly boosted unrestricted income, resulting in a net unrestricted surplus for the year of £52,779 before transfers (2024: surplus of £28,540 before transfers, noting that this included the £30,000 legacy received).

We continued to apply designated reserves to funding the Pastor’s family accommodation rentals and related costs for which £27,146 was utilised during 2025 (2024: £25,790). The Pastor’s Accommodation fund was topped up with £2,465 of unrestricted funds to reflect the revised commitments through to September 2026, leaving the year-end balance at £20,577. The Trustees have resolved to extend the accommodation and related support by 12 months to September 2027 for which unrestricted funds will be designated when details are finalised.

The overall financial surplus for 2025 was £25,523 (2024: £744).

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 2025

REVIEW OF ACTIVITIES (continued)

These ministries were predominantly delivered by serving members and others who serve the Lord in a voluntary capacity including the pastor’s family, and the Sandcross pastor.

We are grateful to all who have faithfully and loyally contributed to the ministry of the church during 2025.

SUMMARY OF THE MAIN ACHIEVEMENTS DURING THE YEAR

Key Objectives

TRUSTEES, STAFF & MEMBERS

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 by a year to September 2026.

Paul Rogerson, a trustee for several years, resigned on 31st October following his move to Norfolk but continues in the role of church treasurer. 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:

During 2025 we appreciated visits from Chris Hemborough 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 parents and carers children’s group “Tiny Tunes” takes place on a Tuesday morning and continues to be popular. In addition, the local preschool comes on a regular basis to hear a bible story and attended the Tiny Tunes Christmas Story.

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 Home Group sessions. A Beaconlight Course “Sharing Jesus” was conducted in October and we are most grateful to Paul Adams for presenting this.

An evangelistic curry evening was held on 26th February and was well attended.

5

SANDCROSS CHURCH (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES (continued) FOR THE YEAR ENDED 31ST DECEMBER 2025

CHURCH GROUPS AND EVENTS (continued)

The men’s club met monthly on a Saturday, sometimes over breakfast, and a ladies group also started to meet on a Saturday in September.

Family outreach brunch services were held in March, June and again in November.

Open Church, where the church is available on a Wednesday morning, has proved to be successful for anyone wishing to come along for refreshments, prayer or conversation.

Our Annual Church Meeting was held in July. Serving members were reminded of the activities undertaken in 2024, updated on the church finances and advised of the works and programme in progress and planned for the rest of 2025 and into 2026. Testimony and encouragements were shared and prayers of thanksgiving offered for the Lord’s sustaining.

The weekly Monday evening zoom prayer meeting continues to be well attended.

The church held it’s usual Christmas services including a “Christmas Story” service for the Tiny Tunes children and the very well attended Carols by Candlelight service.

BUILDING WORK & I.T

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.

The storage shed in the garden was completed and has been made available for the use of the children’s charity “Sparkfish” who required storage space.

A five year electrical inspection was carried out in April and all was found to be well.

L.E.D. lighting was installed in the front toilets together with a new electric hand dryer in the ladies toilet was actioned in May.

A new electrical heating system was installed in the main church and front foyer, comprising eleven heaters. This work was carried out in May and June. The heating temperature can be altered remotely making it easier to arrive at a comfortable temperature in the church.

A baptistry heater was purchased in November as we had previously needed to borrow one from another church, and a new projector purchased in December which has enabled the older projector to be made available for use in the back hall of the church.

Works were planned and completed in 2026, namely to install a new heater in the prayer room, the complete decoration of the church main area for services, new blinds in the main hall and prayer room and a glass door etched with the Sandcross logo into the church. This has also concluded the spending of Wesley’s legacy, for which we remain so thankful.

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 designated reserves specifically to fund our Pastor’s accommodation and related costs for the period to September 2026.

RISKS AND UNCERTAINTIES

The trustees have considered the major risks to which the church is exposed (including financial misfeasance, health and safety, child protection, security and data protection). Overall, the trustees are satisfied that adequate measures have been taken to mitigate identified risks.

GOING CONCERN

The Trustees are grateful for the Lord’s continued provision for this church and give thanks to God for the large net surplus in 2025 and the healthy reserves position going into 2026.

The church budget prepared in early 2026 indicates the regular funding requirements are manageable until at least mid-2027. The Trustees will continue to monitor the regular giving and take appropriate steps to manage costs as required.

In conclusion, the Trustees consider that it is appropriate to present the financial statements on a Going Concern basis.

6

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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 2025.

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 Examiner's Ltd The Grain Store Appledram Lane South Chichester West Sussex PO20 7EG

10th June 2026

8

SANDCROSS CHURCH

(A COMPANY LIMITED BY GUARANTEE)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2025

Notes
INCOME
Donations & Legacies
3a
Charitable Activities
3b
Other Income
3c
TOTAL INCOME
EXPENDITURE
Costs of Charitable Activities
4a
Premises Costs
4b
Governance Costs
4c
TOTAL EXPENDITURE
NET INCOME/(EXPENDITURE)
Funds brought forward
Transfers between funds
7
Prior Year Adjustment
13
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
Designated
TOTAL
TOTAL
Funds
Funds
2025
2024
£
£
£
£
75,592
-
75,592
51,582
-
40
40
4,390
1,275
-
1,275
386
76,867
40
76,907
56,357
5,429
27,296
32,725
36,603
17,495
-
17,495
17,876
1,164
-
1,164
1,134
24,088
27,296
51,384
55,613
52,779
(27,256)
25,523
744
659,811
50,714
710,525
709,919
2,465
(2,465)
-
-
-
-
-
(138)
715,054
20,993
736,047
710,525

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

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SANDCROSS CHURCH (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025

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)). 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.

Expenditure

Governance Costs

Governance costs include the costs of the preparation and examination of statutory accounts and the cost of any legal advice to trustees on governance or constitutional matters.

11

SANDCROSS CHURCH (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2025

1. ACCOUNTING POLICIES (continued)

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-25
Additions - Lighting & Heating Installations
Additions - Baptistry Heater
Additions - Garden Shed
Additions - Projector
Cost at
31-Dec-25
Depreciation
01-Jan-25
Charge
Depreciation at
31-Dec-25
Net Book Value
31-Dec-25
Net Book Value
31-Dec-24		 Land & Building
Equipment
Total
£
£
£
639,608
40,132
679,740
15,353
-
15,353
-
888
888
-
1,800
1,800
-
884
884
Unrestricted Funds
654,961
43,704
698,665
-
31,240
31,240
-
3,116
3,116
-
34,356
34,356
654,961
9,348
664,309
639,608
8,892
648,500

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-25 None 31-Dec-24 None

12

SANDCROSS CHURCH

(A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2025

3. INCOME
Notes
a) Donations & Legacies
Donations
Gift Aid Claims
Legacies
b) Charitable Activities
Children's Groups
7
Thank Offering Service
c) Other Income
Bank Interest
Sundry Income
4. EXPENDITURE
Notes
a) Costs of Charitable Activities
Pastor's Support (Rent, Council Tax, Other)
7
Missionary Grants
5
Outreach Costs
Children's Groups
7
Meeting Costs
Christian Books & Publications
Staff Costs (Children's Groups Leader)
12
IT, Website & Publishing
Office Costs
Licences & Subscriptions
Training & DBS Checks
Bank Charges
b) Premises Costs
Heat & light
Equipment & Electrical
Fire Alarm & Safety
Water & Waste
Insurance
Maintenance & Cleaning
Depreciation
c) Governance Costs
Independent Examiner's Fee		 Unrestricted
Designated
TOTAL
TOTAL
Funds
Funds
2025
2024
£
£
£
£
(Note 7)
60,985
-
60,985
17,712
14,607
-
14,607
3,870
-
-
-
30,000
75,592
-
75,592
51,582
-
40
40
2,522
-
-
-
1,868
-
40
40
4,390
1,275
-
1,275
331
-
-
-
55
1,275
-
1,275
386
Unrestricted
Designated
TOTAL
TOTAL
Funds
Funds
2025
2024
£
£
£
£
(Note 7)
-
27,146
27,146
25,790
2,500
-
2,500
2,400
89
-
89
300
-
150
150
919
165
-
165
215
42
-
42
280
-
-
-
3,609
1,191
-
1,191
1,460
427
-
427
413
546
-
546
673
409
-
409
485
60
-
60
60
5,429
27,296
32,725
36,603
7,955
-
7,955
6,024
1,118
-
1,118
4,586
2,913
-
2,913
1,639
577
-
577
332
1,313
-
1,313
1,210
503
-
503
1,028
3,116
-
3,116
3,056
17,495
-
17,495
17,876
1,164
-
1,164
1,134
1,164
-
1,164
1,134

13

SANDCROSS CHURCH (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2025

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 (2024: 3 missionaries)		 Unrestricted
Designated
TOTAL
TOTAL
Funds
Funds
2025
2024
£
£
£
£
600
-
600
600
500
-
500
400
500
-
500
200
900
-
900
1,200
2,500
-
2,500
2,400

6. RESTRICTED FUNDS

In previous years, the church presented certain internal earmarked funds as restricted. Following a post year-end review by the trustees in early 2025, it was confirmed in 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 remaining balances at the year-end were 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. Details of the amounts transferred and now held by the church as designated funds are provided in note 7 below.

Minister Fund
Children's Groups		 Balance
Balance
01-Jan-24
Income
Expenditure
31-Dec-24
£
£
£
£
£
51,382
-
25,790
(25,592)
-
2,532
2,522
4,528
(526)
-
Transfers to
Designated
PRIOR YEAR
53,914
2,522
30,318
(26,118)
-

Minister Fund: Reserves 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 was reclassified as designated, and the balance remaining at the 2024 year-end was 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 spent from unrestricted funds. The fund is no longer recorded separately and was closed accordingly in the prior year.

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 2024 year-end was transferred to designated funds for the ongoing costs of Tiny Tunes.

14

SANDCROSS CHURCH (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2025

7. DESIGNATED FUNDS

Designated funds were created on 31st December 2024 by the transfer of restricted funds (referenced in Note 6 above) and unrestricted funds (as noted below).

Pastor's Accommodation
Children's Groups		 Balance
Balance
01-Jan-25
Income
Expenditure
Transfer
31-Dec-25
£
£
£
£
£
50,188
-
27,146
(2,465)
20,577
526
40
150
-
416
THIS YEAR
50,714
40
27,296
(2,465)
20,993

LAST YEAR

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

Pastor’s Accommodation: In the prior year, the trustees 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. A further £2,465 was designated from unrestricted funds during 2025 to reflect the increase in estimated costs to early September 2026. The trustees have resolved to extend the Pastor’s accommodation and related support by a further 12 months to September 2027 for which unrestricted funds will be designated when details are finalised.

Children's Groups: The designated funds also include a Children’s Group reserve to cover the costs of Tiny Tunes.

8. DEBTORS AND PREPAYMENTS
Gift Aid Recoverable		 Unrestricted
Designated
Total
Total
Fund
Fund
31-Dec-25
31-Dec-24
£
£
£
£
4,379
-
4,379
3,893
4,379
-
4,379
3,893

9. CASH AT BANK AND IN HAND

Co-op current account
CAF gold account
CAF Cash Account		 Unrestricted
Designated
Total
Total
Fund
Fund
31-Dec-25
31-Dec-24
£
£
£
£
8,479
-
8,479
7,318
39,025
20,993
60,018
51,777
25
-
25
25
47,529
20,993
68,522
59,120

15

SANDCROSS CHURCH (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2025

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

Independent Examiners Fee Unrestricted
Designated
Total
Total
Fund
Fund
31-Dec-25
31-Dec-24
£
£
£
£
1,164
-
1,164
990
1,164
-
1,164
990

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 (2024: £Nil).

12. STAFF COSTS

Gross Wages and Salaries (Children's Groups Leader)
Employer's National Insurance Costs
Pension Contributions		 2025
2024
3,609
-
-
-
-
-
3,609

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: 0 (2024 - 1)

13. TRUSTEES AND OTHER RELATED PARTIES

The Trustees have individually made regular donations to the Church throughout the year. No conditions were attached to these transactions.

During the year two of the trustees made lump sum gifts of £40,000 and £5,362.80 respectively, on which Gift Aid has been reclaimed. There were no conditions attaching to these donations.

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

In the 2024 accounts, a prior year adjustment of £138 was 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 was recognised directly in reserves and had no impact on the 2024 period's surplus or deficit.

16