Charity Number: 1129533
Heaton Moor Evangelical Church (Operating as Emmanuel Community Church - ECC)
Annual Report and Unaudited Financial Statements
for the financial year ended 30 September 2025
Heaton Moor Evangelical Church (Operating as Emmanuel Community Church - ECC) CONTENTS
| Page | |
|---|---|
| Reference and Administrative Information | 3 |
| Trustees' Report | 4 - 8 |
| Statement of Trustees' Responsibilities | 9 |
| Independent Examiner's Report | 10 |
| Statement of Financial Activities | 11 |
| Balance Sheet | 12 |
| Notes to the Financial Statements | 13 - 21 |
2
Heaton Moor Evangelical Church (Operating as Emmanuel Community Church - ECC) REFERENCE AND ADMINISTRATIVE INFORMATION
| Trustees | Mr A Bradley (Elder & Lead Pastor) |
|---|---|
| Mr S Cook (Elder) | |
| Mr A Cooper (Elder) | |
| Mr S Forman (Managing Deacon & Administrator) | |
| Mr D Ingram (Managing Deacon & Chair of Trustees) | |
| Mr C Johnson (Elder & Associate Pastor/Evangelist) | |
| Mr A B Senior (Elder) (Appointed 12 March 2025) | |
| Mr P Slack (Elder) | |
| Dr J A Van den Berg (Managing Deacon & Treasurer) | |
| Mr J Watkins (Elder) | |
| Charity Number in England and Wales | 1129533 |
| Principal Address | 55 Green Lane |
| Heaton Moor | |
| Stockport | |
| SK4 3LH | |
| Independent Examiner | Steven Nixon BSc (Hons) FCCA |
| Langers | |
| Chartered Certified Accountants and Registered | |
| Auditors | |
| 8-10 Gatley Road | |
| Cheadle | |
| Cheshire | |
| SK8 1PY | |
| Principal Bankers | Barclays Bank |
| 1 Churchill Place | |
| London | |
| E14 5HP | |
| The Co-operative Bank | |
| PO Box 250 | |
| Skelmersdale | |
| WN8 6WT | |
| Solicitors | Edward Connor Solicitors |
| 10 The Point | |
| Market Harborough | |
| LE16 7QU |
3
Heaton Moor Evangelical Church (Operating as Emmanuel Community Church - ECC) TRUSTEES' REPORT
for the financial year ended 30 September 2025
The trustees present their Trustees' Report and the unaudited financial statements for the financial year ended 30 September 2025.
The financial statements are prepared in accordance with the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
The Trustees' Report contains the information required to be provided in the Trustees' Annual Report under the Statement of Recommended Practice (SORP) guidelines. The trustees of the charity are also charity trustees for the purpose of charity law and under the charity's constitution are known as members of the board of trustees.
In this report the trustees of Heaton Moor Evangelical Church (Operating as Emmanuel Community Church - ECC) present a summary of its purpose, governance, activities, achievements and finances for the financial year 30 September 2025.
Mission, Objectives and Strategy
Mission
The proclamation and furtherance of the Gospel of God concerning his Son Jesus Christ our Lord and the preaching and teaching of the Word of God as carried on by Emmanuel Community Church as summarised in our Mission motto: “We exist to treasure and proclaim Christ together”. Our vision therefore is to grow a large gospel-loving church that, along with other gospel churches, will help hundreds of people come to treasure and proclaim Christ across Stockport & South-East Manchester.
Objectives
-
For ECC to become a 600-strong, multi-service, multisite church that is effectively reaching out to Reddish, the Heatons, Stockport and South East Manchester.
-
For ECC to plant two partner churches in gospel-deprived communities across Stockport and South East Manchester
-
For ECC to become a training hub for leaders. This will include emerging leaders from within the church, gap year training, ministry leader training, elder-in-training and pastor-in-training.
-
For ECC to prioritise the effective preaching and teaching of God’s word, through ongoing preacher and teacher training and coaching.
-
For ECC to have a clear and effective witnessing and discipling strategy which equips the whole church for postChristendom evangelism.
-
For ECC to become a mature pastorally trained and equipped church that is able to deal with the complexities of situations that arise through gospel mission and gospel-shaped discipleship.
-
To develop a long-term strategy for releasing staff so that the ongoing mission of the church will be adequately supported
-
For ECC to respond to the social needs of the communities around us by setting up effective and well-respected social action programmes.
-
For ECC to repurpose both the Mill and Green Lane to maximise mission opportunities, ensuring that they can be used for multiple services and midweek community activity.
The trustees have also reviewed the Charity Commission guidelines on public benefit and have met throughout the year to consider the additional policies and activities of the church. The trustees believe that these benefit the public by providing opportunities to meet as a community, to serve one another and to provide service to or otherwise assist those individuals in need because of social exclusion, poverty, disability or lack of opportunity.
Strategy
Proclamation of the gospel in word and action is a key emphasis in the activities of ECC. Our Sunday services are for worship, teaching and prayer and are beneficial in helping the church community to live out their faith in their daily living. All are welcome to our Sunday services.
Activities for all ages, from babies to those in later stages of life, are undertaken with the aim of showing the love of Jesus Christ to all who come and providing an opportunity to present the message of the Gospel, through individual conversations or more formal presentations. Normal activities include the following
-
Sunday Morning services, including crèche and children’s and youth groups
-
Oasis - a weekly meeting for over 55’s
-
2 Parent & Toddler Groups – weekly sessions for young families
-
Dads and Kids – a monthly session for dads and kids
-
Parent & New Baby Group - a weekly session
-
Parenting Skills courses
4
Heaton Moor Evangelical Church (Operating as Emmanuel Community Church - ECC) TRUSTEES' REPORT
for the financial year ended 30 September 2025
-
Children and youth groups - weekly clubs
-
Growth Groups meeting weekly for Bible study, prayer and mutual encouragement
-
Groups for men and women
-
A monthly church family prayer meeting
-
321 evangelistic courses for any who express an interest in investigating the Christian faith
-
Community Fundays
-
Holiday Bible Club for Primary School children
-
Grow, a year-long leadership development programme
-
Coffee & Prayer - pastoral sessions with people in need of additional pastoral care.
-
Training and equipping for those who preach
ECC makes grants or donations to individuals and organisations who are seeking to promote the Christian faith by word and in action, both in the UK and Internationally. Recommendations are made to the trustees by a small group of church members known as the Global Vision Group.
ECC relies on teams of volunteers to work with members of staff in delivering its programme of activities and events. Roles undertaken by volunteers include
-
Playing music to support worship
-
Overseeing audio/visual presentation
-
Providing catering
-
Befriending adults and families
-
Pastoral Care
-
Delivering Bible teaching to small groups of children, youth and adults
-
Organisation of social events
-
Carrying out building maintenance
Structure, Governance and Management
Structure
The charity is constituted as an unincorporated charity, established by Trust Deed dated 29 February 1972, as amended 10 May 2010 and 5 December 2016. The governing document of the charity is the Trust Deed establishing the charity.
There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.
Governance
Regular meetings of the trustees ensure that there is agreement over direction and expenditure. The trustees are appointed to serve the members of the church and some decisions (as set out in the Rules within the Trust Deed) can only be taken following a vote of the membership.
The trustees have delegated first line operational responsibility for issues such as the protection of children and vulnerable adults to small groups or individuals.
Any newly appointed trustees are given the latest trustees annual reports and financial statements of the charity, the Trust Deed and notes on the duties and responsibilities of trustees. The Charity employs a Pastor, a Community Evangelist, a part-time Families worker, a part-time Administrator and three cleaners.
ECC is affiliated to the FIEC and is a member of the Northwest Gospel Partnership.
The methods used to recruit and appoint new charity trustees
At a formally convened church members’ meeting, the members of ECC elect Elders and Deacons. The Elders and three Deacons are collectively named as Church Officers and they hold the position of Managing Trustee. The Fellowship of Independent Evangelical Churches (FIEC) act as legal advisers and FIEC Ltd is the Holding Trustee, property title deeds and other legal contracts in trust for ECC. The Holding Trustee has no other powers regarding the governance and management of the charity. Throughout this document when reference is made to trustees, that is taken to mean the Managing Trustees.
Review of Achievements and Performance
Our multisite approach has been developing well across this year. We have two sites, one at Houldsworth Mill (Reddish) and one on Green Lane (Heaton Moor). This approach has enabled us to reach out with the gospel to wider and more diverse group of people.
Our Sunday morning gatherings are centred on the Word of God. Our preaching tries to be faithful to the passage, pointing people to Jesus and applying the Scriptures in relevant ways. We enjoy singing praises, praying to our Almighty God and sharing communion with one another.
5
Heaton Moor Evangelical Church (Operating as Emmanuel Community Church - ECC) TRUSTEES' REPORT
for the financial year ended 30 September 2025
The majority of the teaching on Sundays was delivered by the Lead Pastor and Associate Pastor, with a number of members of the congregation supplementing the programme. The trustees are particularly grateful to all the people who have contributed to this work. The facilities at Houldsworth Mill have allowed for the children and young people to engage in appropriate, age-related activities during every service.
Our midweek groups largely take place at our Heaton Moor site. The midweek clubs for children and teenagers, i.e. Mini’s (Reception and Yrs.1-2), Rise (Yrs. 3-6) and Shine (Yrs. 7-13) are attended by children and young people from the church and the community. They usually meet each week during school term times. In addition to weekly activities, we have run a Children's Holiday Club during the Summer Holidays at the Reddish base.
The church has been able to continue its popular weekly Parent and Toddler Groups, and a Parent and Baby Group under the leadership of our Family worker and her team of committed volunteers. A new parent Toddler group that had started at the Reddish site continues to do well and provides support and an activity for members of our community. Out of these groups there continues to be an appetite for special events such as Parenting Skills Courses and Bible studies and a separate group for Dad’s and Toddlers once a month on a Saturday morning.
We have still sought to provide pastoral and practical care where possible. Help such as providing groceries, hot meals, housing, clothes and more for less fortunate members of our community, has been a pleasure to be able to address. We are in the process of seeing how we can further expand our social justice ministry by seeking links with various charities and by looking to take on a volunteer to head this activity up. The church’s weekly Oasis group for those over 55 years of age is a great time of Bible Study, exercise classes, lunches, films, quizzes, etc. Thanks to an excellent team of volunteers, we have continued to provide spiritual and emotional support as well as friendship during what has been a very difficult time for our elderly. Family, women’s and men’s social events are arranged from time to time to build bridges with our community and the parents of the children who attend our mid-week clubs, developing relationships which provide opportunities for support, friendship and sharing our faith. Our summer Fundays, at the Reddish base, has brought us great favour with the local community who enjoy the free afternoon of fun.
ECC remains committed to providing pastoral care both to those who attend the church and those who live in the local area who seek our care. Within the church this is largely organised through Growth Groups (smaller groups made up mostly by those who attend our regular Sunday meetings). They meet weekly for Bible study, prayer and mutual encouragement. However, the Staff and Elders also spend time visiting, teaching and praying with those who request it. This year we also ran “Bound by Grace”, a marriage enrichment course that was well attended.
The Church is committed to training and equipping new and emerging leaders. As part of this, continue to train a Ministry Trainee, funded by members pledging the necessary financial support. We anticipate that this will be a regular part of our role as a church in future years. We have also been developing an internship programme which we hope will be another avenue for us to intentionally train people. We have also run our second GROW leadership development programme.
Financial Review
The accounts have been prepared on the accruals basis and have been independently examined in accordance with the requirements of the Charities Act.
The principal source of income is donations from the congregation and other contacts. Donors are encouraged to make use of the Gift Aid facility where possible. Expenditure consists mainly of the cost of employment of those we consider necessary to fulfil our objectives, the costs of premises from which to fulfil our objectives and donations to groups whose objectives we believe to be aligned with ours.
Our long-term reserves of around 3 months of expenditure are held in a deposit account with the Co-operative Bank.
During the year, income from unrestricted funds was £269,573 (2024: £222,480), and income from restricted funds was £12,199 (2024: £14,388). Expenditure from unrestricted funds totalled £256,632 (2024: £237,120), and consisted mainly of staff costs, rent, repairs, mission giving, utilities, and depreciation. Expenditure from restricted funds totalled £14,520 (2024: £19,934), consisting of staff salaries for the Evangelist, together with support to individuals through the social fund. 2025 restricted expenditure also included staff salaries for a Ministry Trainee.
The overall result for the year was net income on unrestricted funds before transfers of £12,941 (2024: net expenditure £14,640). Restricted funds decreased by £2,321 before transfers (2024: £5,546 decrease). The result across all funds was an excess of income over expenditure £10,620 (2024: Excess expenditure £20,186)
It is not possible to quantify, in financial terms, the work done by the many volunteers but the Trustees recognise and are grateful for this.
Results
At the end of the financial year the charity has assets of £653,085 (2024 - £640,747) and liabilities of £5,906 (2024 - £4,188). The net assets of the charity have increased by £10,620.
6
Heaton Moor Evangelical Church (Operating as Emmanuel Community Church - ECC) TRUSTEES' REPORT
for the financial year ended 30 September 2025
Review of the Financial Position
The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.
Reserves Position and Policy
Reserves Policy
The trustees recognise the need for the charity to establish and maintain reserves to enable it to continue to carry out its charitable objectives in the event of unforeseeable matters arising, such as falling levels of donations or any urgent and unexpected expenditure.
Free Reserves represents the total unrestricted funds of the charity less amounts tied up in fixed assets, on the basis that these cannot be sold without affecting the achievement of charitable objectives. The Trustees aim to retain sufficient Free Reserves to meet three months expenditure (c£60k). In addition, from time to time, should it be justified by plans for significant projects, we may hold a greater amount, and these may be held as specific designated funds. Free Reserves are £137,869 (2024: £122,754) which is significantly higher than necessary at 6 months’ costs (2024: 6 months’). Budgets for 2025/26 anticipate another year of investment in additional staff and outreach projects, which will reduce free reserves in line with the policy.
Further details of funds are set out in the notes of the Financial Statements.
Principal Risks and Uncertainties
The trustees have considered the key risks affecting the charity and taken steps to mitigate them. They have identified the key risks as being;
-
Failure to maintain church buildings in a good state of repair;
-
Failure to comply with the terms of the lease re Houldsworth Mill
-
Inherent risks associated with employment of staff.
The trustees believe that these risks are minimised by regular meetings, development and monitoring of policies and procedures and regular consideration of financial information.
Compliance with Sector-Wide Legislation and Standards
The charity engages pro-actively with legislation, standards and codes which are developed for the sector. Heaton Moor Evangelical Church (Operating as Emmanuel Community Church - ECC) subscribes to and is compliant with the following:
▪ The Charities SORP (FRS 102)
Plans For the Future
Having established a multisite model of church life, the trustees remain committed to deepening our outreach in the Reddish community while maintaining and regularly reviewing our long-standing presence in the Heatons.
Looking ahead, the trustees have identified seven key areas of development that will shape our direction over the coming years:
-
Strengthen the Reddish site and Grow the Green Lane site.
-
Establish a core team for the third site
-
Launch the new Growth Group and Discipleship Track
-
Implement Interim Operations Plan
-
Recruit a ministry trainee focused on pastoral and operational development
-
Recruit a Youth Worker
-
Recruit a social action worker and establish a core team around them
-
Review and then launch kids and youth outreach on all our sites.
These strategic developments are central to advancing the church’s mission and vision, and the trustees are that each step will further our ability to serve both our communities and congregation faithfully.
Finally, the trustees continue to work towards the establishment of a new Charitable Incorporated Organisation (CIO), which will ultimately replace the ECC Trust. Although this has been a complex and time-consuming process, it is hoped that the transition will be completed during 2025/26.
Custodian Trustees holding assets on behalf of the charity
The details of persons holding title to property belonging to the charity, as custodian trustees, or nominees, at the date the accounts were approved were:-
The Fellowship of Independent Evangelical Churches Limited (FIEC)
7
Heaton Moor Evangelical Church (Operating as Emmanuel Community Church - ECC) TRUSTEES' REPORT
for the financial year ended 30 September 2025
Approved by the Board of Trustees on ________ and signed on its behalf by: 20 July 2026
________Dr J A Van den Berg (Managing Deacon & Treasurer) Trustee
8
Heaton Moor Evangelical Church (Operating as Emmanuel Community Church - ECC) STATEMENT OF TRUSTEES' RESPONSIBILITIES
for the financial year ended 30 September 2025
The trustees are responsible for preparing the financial statements in accordance with applicable law and regulations.
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the assets, liabilities and financial position of the charity as at the financial year end date and of the surplus or deficit of the charity and otherwise comply with the Charities Act 2011.
In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and apply them consistently;
-
make judgements and accounting estimates that are reasonable and prudent;
-
state whether the financial statements have been prepared in accordance with applicable accounting standards, identify those standards, and note the effect and the reasons for any material departure from those standards; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees confirm that they have complied with the above requirements in preparing the financial statements.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
20 July 2026
Approved by the Board of Trustees on ________ and signed on its behalf by:
________Dr J A Van den Berg (Managing Deacon & Treasurer) Trustee
9
Heaton Moor Evangelical Church (Operating as Emmanuel Community Church - ECC) INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF HEATON MOOR EVANGELICAL CHURCH (OPERATING AS EMMANUEL COMMUNITY CHURCH - ECC)
I have examined the financial statements of the charity for the financial year ended 30 September 2025, which comprise the Statement of Financial Activities, the Balance Sheet and the related notes.
This report is made solely to the charity's members, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might compile the financial statements that I have been engaged to compile, report to the Board of Trustees that I have done so, and state those matters that I have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's members, as a body, for my work, or for this report.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011. The charity's trustees consider that an audit is not required for this financial year under Section 145 of the Charities Act 2011 and that an independent examination is required.
It is my responsibility to:
-
examine the financial statements under section 145 of the Act;
-
follow the procedures laid down by the general Directions given by the Charity Commission under section 145(5) of the Charities Act 2011; and
-
state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from the 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 accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention which gives me cause to believe that in, any material respect:
-
accounting records were not kept in accordance with section 130 of the Charities Act 2011
-
the financial statements do not accord with those accounting records
-
the financial statements do not comply with the accounting requirements of the Charities Act
-
the financial statements have not been prepared in accordance with the 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 (FRS102)
-
there is further information needed for a proper understanding of the accounts to be reached.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
__________Steven Nixon BSc (Hons) FCCA LANGERS
Chartered Certified Accountants and Registered Auditors 8-10 Gatley Road Cheadle Cheshire SK8 1PY
20 July 2026 Date: ...............................
10
Heaton Moor Evangelical Church (Operating as Emmanuel Community Church - ECC) STATEMENT OF FINANCIAL ACTIVITIES
for the financial year ended 30 September 2025
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||
|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | Funds | Funds | ||
| 2025 | 2025 | 2025 | 2024 | 2024 | 2024 | ||
| Notes | £ | £ | £ | £ | £ | £ | |
| Income | |||||||
| Donations and legacies | 3.1 | 261,405 | 12,199 | 273,604 | 213,408 | 14,388 | 227,796 |
| Charitable activities | |||||||
| Evangelical Church | 3.2 | 954 | - | 954 | 135 | - | 135 |
| Other trading activities | 3.3 | 6,580 | - | 6,580 | 8,325 | - | 8,325 |
| Investments | 3.4 | 634 | - | 634 | 612 | - | 612 |
| ─────── | ─────── | ─────── | ─────── | ─────── | ─────── | ||
| Total income | 269,573 | 12,199 | 281,772 | 222,480 | 14,388 | 236,868 | |
| ─────── | ─────── | ─────── | ─────── | ─────── | ─────── | ||
| Expenditure | |||||||
| Charitable activities | 4.1 | 256,632 | 14,520 | 271,152 | 237,120 | 19,934 | 257,054 |
| ─────── | ─────── | ─────── | ─────── | ─────── | ─────── | ||
| Net income/(expenditure) | 12,941 | (2,321) | 10,620 | (14,640) | (5,546) | (20,186) | |
| Transfers between funds | (1,000) | 1,000 | - | (430) | 430 | - | |
| ─────── | ─────── | ─────── | ─────── | ─────── | ─────── | ||
| Net movement in funds for | 11,941 | (1,321) | 10,620 | (15,070) | (5,116) | (20,186) | |
| the financial year | |||||||
| Reconciliation of funds: | |||||||
| Total funds beginning of the | 15 | 580,329 | 56,230 | 636,559 | 595,399 | 61,346 | 656,745 |
| year | |||||||
| ─────── | ─────── | ─────── | ─────── | ─────── | ─────── | ||
| Total funds at the end of | 592,270 | 54,909 | 647,179 | 580,329 | 56,230 | 636,559 | |
| the year | |||||||
| ═══════ | ═══════ | ═══════ | ═══════ | ═══════ | ═══════ |
The Statement of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditure relate to continuing activities.
The notes on pages 13 to 21 form part of the financial statements
11
Heaton Moor Evangelical Church (Operating as Emmanuel Community Church - ECC) BALANCE SHEET
as at 30 September 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Notes | £ | £ | |
| Fixed Assets | |||
| Tangible assets | 8 | 374,401 | 378,757 |
| Investments | 9 | 80,000 | 80,000 |
| ─────── | ─────── | ||
| 454,401 | 458,757 | ||
| ─────── | ─────── | ||
| Current Assets | |||
| Debtors | 10 | 9,555 | 4,017 |
| Cash at bank and in hand | 189,129 | 177,973 | |
| ─────── | ─────── | ||
| 198,684 | 181,990 | ||
| ─────── | ─────── | ||
| Creditors: Amounts falling due within one year | 11 | (5,906) | (4,188) |
| ─────── | ─────── | ||
| Net Current Assets | 192,778 | 177,802 | |
| ─────── | ─────── | ||
| Total Assets less Current Liabilities | 647,179 | 636,559 | |
| ═══════ | ═══════ | ||
| Funds | |||
| Restricted trust funds | 54,909 | 56,230 | |
| Designated funds (Unrestricted) | 374,401 | 378,757 | |
| General fund (unrestricted) | 217,869 | 201,572 | |
| ─────── | ─────── | ||
| Total funds | 15 | 647,179 | 636,559 |
| ═══════ | ═══════ |
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", applying Section 1A of that Standard.
20 July 2026
Approved by the Board of Trustees and authorised for issue on ________ and signed on its behalf by
________Dr J A Van den Berg (Managing Deacon & Treasurer) Trustee
The notes on pages 13 to 21 form part of the financial statements
12
Heaton Moor Evangelical Church (Operating as Emmanuel Community Church - ECC) NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 September 2025
1. GENERAL INFORMATION
Heaton Moor Evangelical Church (Operating as Emmanuel Community Church - ECC) is a charity incorporated in England. The registered office of the charity is 55 Green Lane, Heaton Moor, Stockport, SK4 3LH which is also the principal place of business of the charity. The financial statements have been presented in Pound (£) which is also the functional currency of the charity.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the charity’s financial statements.
Basis of preparation
The financial statements have been prepared on the going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102", applying Section 1A of that Standard.
The Charity is public benefit entity.
Statement of compliance
The financial statements of the charity for the financial year ended 30 September 2025 have been prepared on the going concern basis and in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102", applying Section 1A of that Standard.
Fund accounting
The following are the categories of funds maintained:
Restricted funds
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal or as implied by law.
Unrestricted funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.
Income
Income is recognised by inclusion in the Statement of Financial Activities only when the charity is legally entitled to the income, performance conditions attached to the item(s) of income have been met, the amounts involved can be measured with sufficient reliability and it is probable that the income will be received by the charity.
Where conditions are imposed which restrict the use of the income to specific purpose then it is included in income under restricted funds when it is due.
Donations and legacies
Income from donations and grants, including capital grants and donations, is accounted for when these are receivable, except when they relate to future accounting periods or when the donors or grantors impose preconditions that have not been met. In these cases the income is deferred until the future period and/or the conditions have been met. Tax refunds are recognised at the same time as the income to which they relate.
Legacies are accounted for when the Charity is legally entitled to the amounts due.
Investments
Investment income is accounted for when it is received.
13
continued
Heaton Moor Evangelical Church (Operating as Emmanuel Community Church - ECC) NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 September 2025
Expenditure
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance costs include those costs associated with meeting the statutory requirements of the charity.
Tangible fixed assets and depreciation
Properties owned by the charity are considered functional assets and are included in the balance sheet at either cost less depreciation or trustees valuation. Expenditure on the building which is considered to be of a maintenance nature is not capitalised but written off in the year the work is done.
The open market value of functional property may be in excess of its recorded net book value. Valuations are not carried out in respect of buildings on the basis that there is no intention to dispose of them, and to pay for a valuation would not be considered good use of the assets of the Charity.
The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows:
Land and buildings freehold 1% & 2% on cost less residual value Fixtures, fittings and equipment 20% on cost less residual value
Investments
Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other financial fixed asset investments together with any related tax credit is recognised in the profit and loss account in the financial year in which it is receivable.
Debtors
Debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Income recognised by the charity from government agencies and other co-funders, but not yet received at financial year end, is included in debtors.
Cash at bank and in hand
Cash at bank and in hand comprises cash on deposit at banks requiring less than three months notice of withdrawal.
Taxation
The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.
Pensions
The charity operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the charity. Annual contributions payable to the charity's pension scheme are charged to the profit and loss account in the period to which they relate
Financial Instruments
Financial instruments including cash and bank balances
Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements.
14
continued
Heaton Moor Evangelical Church (Operating as Emmanuel Community Church - ECC) NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 September 2025
| 3. | INCOME | ||||||
|---|---|---|---|---|---|---|---|
| 3.1 | DONATIONS AND LEGACIES | Unrestricted | Restricted | 2025 | 2024 | ||
| Funds | Funds | ||||||
| £ | £ | £ | £ | ||||
| Small donations individually less than £1000 | 225,290 | 8,099 | 233,389 | 206,671 | |||
| Donations individually greater than £1,000 | 36,115 | 2,500 | 38,615 | 20,125 | |||
| Stockport MBC | - | 1,600 | 1,600 | - | |||
| Warm Welcome Space Grant | - | - | - | 1,000 | |||
| ─────── | ─────── | ─────── | ─────── | ||||
| 261,405 | 12,199 | 273,604 | 227,796 | ||||
| ═══════ | ═══════ | ═══════ | ═══════ | ||||
| Prior year restricted income; Small donations individually less than £1,000 - £5,363; Donations individually | |||||||
| greater than £1,000 - £8,025; Warm Welcome Space Grant - £1,000. | |||||||
| 3.2 | CHARITABLE ACTIVITIES | Unrestricted | Restricted | 2025 | 2024 | ||
| Funds | Funds | ||||||
| £ | £ | £ | £ | ||||
| Evangelical Church: | |||||||
| Youth Activities | 303 | - | 303 | 135 | |||
| Women's Conference | 651 | - | 651 | - | |||
| ─────── | ─────── | ─────── | ─────── | ||||
| 954 | - | 954 | 135 | ||||
| ═══════ | ═══════ | ═══════ | ═══════ | ||||
| All prior year income unrestricted. | |||||||
| 3.3 | OTHER TRADING ACTIVITIES | Unrestricted | Restricted | 2025 | 2024 | ||
| Funds | Funds | ||||||
| £ | £ | £ | £ | ||||
| Income from letting and licensing of property | for | 6,580 | - | 6,580 | 8,325 | ||
| non charitable purposes | |||||||
| ═══════ | ═══════ | ═══════ | ═══════ | ||||
| All prior year income unrestricted. | |||||||
| 3.4 | INVESTMENTS | Unrestricted | Restricted | 2025 | 2024 | ||
| Funds | Funds | ||||||
| £ | £ | £ | £ | ||||
| Bank Interest Receivable | 634 | - | 634 | 612 | |||
| ═══════ | ═══════ | ═══════ | ═══════ | ||||
| All prior year income unrestricted. | |||||||
| 4. | EXPENDITURE | ||||||
| 4.1 | CHARITABLE ACTIVITIES | Direct | Other | Support | 2025 | 2024 | |
| Costs | Costs | Costs | |||||
| £ | £ | £ | £ | £ | |||
| Gross wages and salaries | 36,301 | - | - | 36,301 | 24,492 | ||
| Employers' NI | 1,263 | - | - | 1,263 | 270 | ||
| Defined contribution pension costs | 2,543 | - | - | 2,543 | 5,972 | ||
| Travel and Subsistence | - | - | 931 | 931 | 1,295 | ||
| Visiting Preachers | 623 | - | - | 623 | 300 | ||
| Catering | - | - | 2,664 | 2,664 | 4,497 | ||
| Small items used in services | - | - | - | - | 230 | ||
| Internal organisations | 3,926 | - | - | 3,926 | 2,699 | ||
| Evangelism | 7,190 | - | - | 7,190 | 6,983 | ||
| Mission giving | 20,225 | - | - | 20,225 | 17,530 | ||
| Training and welfare - staff | 300 | - | 3,954 | 4,254 | 6,980 | ||
| Recruitment & relocation expenses | - | - | - | - | 6,928 | ||
| 15 |
Prior year restricted income; Small donations individually less than £1,000 - £5,363; Donations individually greater than £1,000 - £8,025; Warm Welcome Space Grant - £1,000.
continued Heaton Moor Evangelical Church (Operating as Emmanuel Community Church - ECC)
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 September 2025
| Pastor's expenses | 1,393 | - | - | 1,393 | 1,022 |
|---|---|---|---|---|---|
| Rent | - | - | 36,461 | 36,461 | 35,927 |
| Rates and water charges | - | - | 938 | 938 | 1,847 |
| Light heat and power | - | - | 8,724 | 8,724 | 12,085 |
| Cleaning and waste management | - | - | 945 | 945 | 1,102 |
| Premises repairs, renewals and | - | - | 8,826 | 8,826 | 8,620 |
| maintenance | |||||
| Property insurance | - | - | 5,484 | 5,484 | 6,699 |
| Telephone, fax and internet | - | - | 3,127 | 3,127 | 2,700 |
| Stationery and printing | - | - | 4,802 | 4,802 | 2,124 |
| Software licences and expenses | - | - | 6,282 | 6,282 | 5,866 |
| Other legal and professional | - | - | 1,136 | 1,136 | 1,038 |
| Depreciation & Amortisation in total | - | - | 4,356 | 4,356 | 4,586 |
| for the period | |||||
| Governance Costs (Note 4.2) | 107,144 | - | 1,614 | 108,758 | 95,262 |
| ─────── | ─────── | ─────── | ─────── | ─────── | |
| 180,908 | - | 90,244 | 271,152 | 257,054 | |
| ═══════ | ═══════ | ═══════ | ═══════ | ═══════ |
Restricted expenditure; Gross wages and salaries - charitable activities - £0 (2024 £3,583); Catering - £0 (2024 £597); Evangelism - £1,600 (2024 £0); Mission giving - £807 (2024 £1,791); Training and welfare - staff - £300 (2024 £0).
| 4.2 | GOVERNANCE COSTS | Direct | Other | Support | 2025 | 2024 |
|---|---|---|---|---|---|---|
| Costs | Costs | Costs | ||||
| £ | £ | £ | £ | £ | ||
| Independent Examiner's fees | - | - | 1,614 | 1,614 | 1,548 | |
| Trustees' remuneration | 96,739 | - | - | 96,739 | 91,499 | |
| NIC on Trustees' remuneration | 10,405 | - | - | 10,405 | 2,215 | |
| ─────── | ─────── | ─────── | ─────── | ─────── | ||
| 107,144 | - | 1,614 | 108,758 | 95,262 | ||
| ═══════ | ═══════ | ═══════ | ═══════ | ═══════ |
Restricted expenditure; Trustees remuneration - £11,813 (2024 £11,864); NIC on Trustees remuneration - £0 (2024 £640).
| 4.3 | SUPPORT COSTS | **Charitable ** | Governance | 2025 | 2024 |
|---|---|---|---|---|---|
| Activities | Costs | ||||
| £ | £ | £ | £ | ||
| Support | 88,630 | 1,614 | 90,244 | 96,681 | |
| ═══════ | ═══════ | ═══════ | ═══════ |
Restricted expenditure; Training and welfare - staff £300 (2024 - £0); Light heat and power- £0 (2024 £1,369); Stationery and printing - £0 (2024 £90).
5.
| NET INCOME | 2025 | 2024 |
|---|---|---|
| £ | £ | |
| Net Income is stated after charging/(crediting): | ||
| Depreciation of tangible assets | 4,356 | 4,586 |
| Operating lease rentals | ||
| - Land and buildings | 36,461 | 35,927 |
| Independent Examiner's remuneration: | ||
| - independent examination services | 1,614 | 1,548 |
| ═══════ | ═══════ |
16
continued
Heaton Moor Evangelical Church (Operating as Emmanuel Community Church - ECC) NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 September 2025
| 6. | INVESTMENT AND OTHER INCOME | 2025 | 2024 |
|---|---|---|---|
| £ | £ | ||
| Rent receivable - other income | 6,580 | 8,325 | |
| Sundry income | 954 | 135 | |
| Bank interest | 634 | 612 | |
| ─────── | ─────── | ||
| 8,168 | 9,072 | ||
| ═══════ | ═══════ |
7. EMPLOYEES AND REMUNERATION
Number of employees
The average number of persons employed (including executive trustees) during the financial year was as follows:
| 2025 | 2024 | |
|---|---|---|
| Number | Number | |
| Charitable Activities | 7 | 7 |
| ═══════ | ═══════ | |
| The staff costs (inclusive of trustees' salaries) comprise: | 2025 | 2024 |
| £ | £ | |
| Wages and salaries | 133,040 | 115,991 |
| Social security costs | 5,694 | 2,485 |
| Pension costs | 8,517 | 5,972 |
| ─────── | ─────── | |
| 147,251 | 124,448 | |
| ═══════ | ═══════ |
No employees received emoluments (excluding pension costs) in excess of £60,000 per annum.
8. TANGIBLE FIXED ASSETS
| TANGIBLE FIXED ASSETS | |||
|---|---|---|---|
| Land and | Fixtures, | Total | |
| buildings | fittings and | ||
| freehold | equipment | ||
| £ | £ | £ | |
| Cost | |||
| At 30 September 2025 | 417,778 | 70,836 | 488,614 |
| ─────── | ─────── | ─────── | |
| Depreciation | |||
| At 1 October 2024 | 39,021 | 70,836 | 109,857 |
| Charge for the financial year | 4,356 | - | 4,356 |
| ─────── | ─────── | ─────── | |
| At 30 September 2025 | 43,377 | 70,836 | 114,213 |
| ─────── | ─────── | ─────── | |
| Net book value | |||
| At 30 September 2025 | 374,401 | - | 374,401 |
| ═══════ | ═══════ | ═══════ | |
| At 30 September 2024 | 378,757 | - | 378,757 |
| ═══════ | ═══════ | ═══════ |
17
continued
Heaton Moor Evangelical Church (Operating as Emmanuel Community Church - ECC) NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 September 2025
9. INVESTMENTS
| Other | |||
|---|---|---|---|
| investments | |||
| Investments | £ | ||
| Additions | 80,000 | ||
| ─────── | |||
| At 30 September 2025 | 80,000 | ||
| ─────── | |||
| Net book value | |||
| At 30 September 2025 | 80,000 | ||
| ═══════ | |||
| See Loans to Trustees note. | |||
| 10. | DEBTORS | 2025 | 2024 |
| £ | £ | ||
| Other debtors | 2,092 | 278 | |
| Taxation and social security costs (Note 12) | 3,267 | 2,893 | |
| Prepayments and accrued income | 4,196 | 846 | |
| ─────── | ─────── | ||
| 9,555 | 4,017 | ||
| ═══════ | ═══════ | ||
| 11. | CREDITORS | 2025 | 2024 |
| Amounts falling due within one year | £ | £ | |
| Trade creditors | 19 | - | |
| Taxation and social security costs (Note 12) | 411 | 234 | |
| Other creditors | 1,910 | 591 | |
| Accruals and deferred income: | |||
| Pension accrual | 585 | 1,484 | |
| Other accruals | 2,981 | 1,879 | |
| ─────── | ─────── | ||
| 5,906 | 4,188 | ||
| ═══════ | ═══════ | ||
| 12. | TAXATION AND SOCIAL SECURITY | 2025 | 2024 |
| £ | £ | ||
| Debtors: | |||
| Income tax | 3,267 | 2,893 | |
| ═══════ | ═══════ | ||
| Creditors: | |||
| PAYE / NI | 411 | 234 | |
| ═══════ | ═══════ |
13. PENSION COSTS - DEFINED CONTRIBUTION
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. Pension costs amounted to £8,517 (2024 - £5,972).
Unpaid contributions outstanding at 30 September 2025 amounted to £585 (30 September 2024 - £1,484).
18
continued
Heaton Moor Evangelical Church (Operating as Emmanuel Community Church - ECC) NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 September 2025
14. RESERVES
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| At the beginning of the year | 636,559 | 656,745 | |||
| Surplus/(Deficit) for the financial year | 10,620 | (20,186) | |||
| ─────── | ─────── | ||||
| At the end of the year | 647,179 | 636,559 | |||
| ═══════ | ═══════ | ||||
| 15. | FUNDS | ||||
| 15.1 | RECONCILIATION OF MOVEMENT IN FUNDS | Unrestricted | Restricted | Total | |
| Funds | Funds | Funds | |||
| £ | £ | £ | |||
| At 1 October 2023 | 595,399 | 61,346 | 656,745 | ||
| Movement during the financial year | (15,070) | (5,116) | (20,186) | ||
| ─────── | ─────── | ─────── | |||
| At 30 September 2024 | 580,329 | 56,230 | 636,559 | ||
| Movement during the financial year | 11,941 | (1,321) | 10,620 | ||
| ─────── | ─────── | ─────── | |||
| At 30 September 2025 | 592,270 | 54,909 | 647,179 | ||
| ═══════ | ═══════ | ═══════ | |||
| 15.2 | ANALYSIS OF MOVEMENTS ON FUNDS | ||||
| Balance | **Income ** | Expenditure | Balance | ||
| 1 October | 30 | September | |||
| 2024 | 2025 | ||||
| £ | £ | £ | £ | ||
| Restricted funds | |||||
| Social Fund | 1,493 | (219) | 807 | 467 | |
| Evangelist | 44,039 | 1,476 | 11,813 | 33,702 | |
| Houseparty | 787 | - | - | 787 | |
| Glow Fund | 326 | - | - | 326 | |
| Ministry Trainee | 9,585 | 9,342 | 300 | 19,627 | |
| Funday | - | 1,600 | 1,600 | - | |
| ─────── | ─────── | ─────── | ─────── | ||
| 56,230 | 12,199 | 14,520 | 54,909 | ||
| ─────── | ─────── | ─────── | ─────── | ||
| Unrestricted funds | |||||
| Designated Fixed Asset Funds | 378,757 | - | 4,356 | 374,401 | |
| Unrestricted General | 201,572 | 269,573 | 252,276 | 217,869 | |
| ─────── | ─────── | ─────── | ─────── | ||
| 580,329 | 269,573 | 256,632 | 592,270 | ||
| ─────── | ─────── | ─────── | ─────── | ||
| Total funds | 636,559 | 281,772 | 271,152 | 647,179 | |
| ═══════ | ═══════ | ═══════ | ═══════ |
Unrestricted and designated funds:-
Unrestricted Revenue Funds
Free reserves represent funds that are not restricted or designated for specific purposes or invested in fixed assets. The trustees have resolved to hold free reserves at a minimum of 3 months' running costs which would be c£60,000. Excess free reserves have been used in recent years to fund maintenance work at Green Lane and pay for additional staff and this will continue into the future.
Designated Fixed Asset Funds
The charity has invested some of its general funds in the building on Green Lane, in furniture and equipment at both sites, and the long term loan to the Pastor. As there is no intention to dispose of the assets, these funds are not considered to be readily available for the charity to use in its day to day operations. A charge is made to cover the depreciation charge on tangible fixed assets, so that balances reduce in line with the carrying value of the related assets.
19
continued
Heaton Moor Evangelical Church (Operating as Emmanuel Community Church - ECC) NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 September 2025
Restricted funds:-
Social Fund
Some donations to the charity are made specifically to enable the church to provide grants to individuals in need and these are held in this restricted funds until needed. Any balance at the end of the year is available to spend in subsequent years.
Evangelist
Donations have been received over recent years to support employment costs of employing an Evangelist. The balance is sufficient to fund the post for a further 2 years.
Houseparty
Occasionally church members go away for a teaching and fellowship weekend known as a houseparty. Donations are received to enable church members to attend at a notional cost. Any balance remaining after conference centre fees and expenses are paid is carried forward for future similar events.
Glow Fund
The GLOW fund was a response from Church members to provide a Warm Space in Reddish and an opportunity to meet people to counter loneliness in a deprived community in a context of problems of the cost of living during the winter. The main funding was provided by church members with additional contributions from Stockport MBC and Stewardship which funded a p/t manager to run the Warm Space on Church premises and various activities.
Ministry Trainee
Donations have been received to support the costs of a Ministry Trainee.
Funday
Grant received from Stockport MBC towards the costs of holding the Funday.
15.3 ANALYSIS OF NET ASSETS BY FUND
| Fixed | Financial | Current | Current | Total | ||
|---|---|---|---|---|---|---|
| assets | fixed | assets | liabilities | |||
| - charity use | assets | |||||
| £ | £ | £ | £ | £ | ||
| Restricted trust funds | - | - | 54,909 | - | 54,909 | |
| ─────── | ─────── | ─────── | ─────── | ─────── | ||
| Unrestricted designated funds | 374,401 | - | - | - | 374,401 | |
| Unrestricted general funds | - | 80,000 | 143,775 | (5,906) | 217,869 | |
| ─────── | ─────── | ─────── | ─────── | ─────── | ||
| 374,401 | 80,000 | 143,775 | (5,906) | 592,270 | ||
| ─────── | ─────── | ─────── | ─────── | ─────── | ||
| 374,401 | 80,000 | 198,684 | (5,906) | 647,179 | ||
| ═══════ | ═══════ | ═══════ | ═══════ | ═══════ | ||
| 16. | TRUSTEES' REMUNERATION | 2025 | 2024 | |||
| £ | £ | |||||
| Remuneration | 96,739 | 91,499 | ||||
| ═══════ | ═══════ |
Rev A Bradley was the Pastor of the church and is also a trustee. He receives no remuneration for his duties as a Trustee. Remuneration £42,840 (2024 £42,000); NIC on remuneration £2,270 (2024 £1,135); Pension £2,639.
C Johnson is employed as Evangelist and is also a trustee. He receives no remuneration for his duties as a Trustee. Remuneration £40,665 (2024 £37,345); NIC on remuneration £1,949 (2024 £975); Pension £2,516.
S Forman works as the church administrator and is also a trustee. He receives no remuneration for his duties as a Trustee. Remuneration £13,234 (2024 £12,154); NIC on remuneration £211 (2024 £105); Pension £819.
All charity trustees are entitled to claim out of pocket expenses to cover postage, telephone and mileage. They receive no remuneration in respect of their duties as Trustees.
20
continued
Heaton Moor Evangelical Church (Operating as Emmanuel Community Church - ECC) NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 September 2025
17. RELATED PARTY TRANSACTIONS
There were no transactions with related parties in the year, except with regard to trustees' remuneration and loans, which are fully disclosed in the trustees remuneration and loans to trustees notes.
18. POST-BALANCE SHEET EVENTS
There have been no significant events affecting the Charity since the financial year-end.
19. WINDING UP OR DISSOLUTION OF THE CHARITY
If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.
20. LOANS TO TRUSTEES
During 2023/24 members of the charity in general meeting approved an unsecured long-term loan to the Pastor and his wife to enable them to purchase a suitable family home, on the basis that the trustees believe it to be in the best interests of the charity that the Pastor lives locally, despite high house prices. A formal loan agreement was signed on 8 February 2024. The loan was repayable on the earlier of the sale of the property or Mr Bradley ceasing to be employed by the charity. No interest is charged, however when the property is sold, 27.58% of any proceeds in excess of £290,000 is added to the capital so the charity can share in any appreciation of the asset. Mr Bradley is also a Trustee and the loan was made in accordance with clauses 6(7) and 6(13) of the Trust Deed and Trustees Act 2000 Part II Investment.
21