_**The Eldwick Church (TEC) Local Ecumenical Partnership (LEP)**_ 

## **Administrative Information** 

The Eldwick Church is a single congregation, local ecumenical partnership (LEP), created by the merger of Eldwick Methodist Church (EMC) and St Lawrence's (district) Church of England (the "Participating Churches").  The LEP was established formally on 10[th] October 2010, when the Constitution, as approved by the original Sponsoring Body, West Yorkshire Ecumenical Council (WYEC), was adopted, and the initial Trustees of the charity were elected and appointed.  The inaugural service of the new LEP (in the format of a Methodist Covenant Service), duly took place on 2[nd] January 2011.  The Eldwick Church is based at the St Lawrence's church building.  The church and the newly built (2018/19), integrated church hall are situated in the centre of the village of Eldwick. 

The Eldwick Church is part of the Diocese of Leeds within the Church of England, and of the Airedale Circuit of the Yorkshire West District of the Methodist Church of Great Britain.  The Eldwick Church LEP is a charity, registered with the Charity Commission (charity registration number 1139493).  The previous Annual Congregational Meeting (ACM) was held on 21[st] May 2023. 

## **Objects of the Charity – Public Benefit** 

The purpose of the Charity is to advance the Christian faith in the Area of Benefit, in accordance with the principles and practices of the Participating Churches.  Eldwick Church provides a mix of styles of worship, all of which aim to be stimulating and challenging; and it seeks to encourage members to grow in the Christian faith and to demonstrate God's love in the local community and beyond. 

To further and achieve its purpose, the Charity engages in a range of activities, either on its own or (where appropriate) with others.  These include (but are not restricted to): 

- _the celebration of public worship;_ 

- _the teaching of the Christian faith;_ 

- _mission, evangelism and appropriate outreach activities;_ 

- _pastoral work, including visiting the sick and the bereaved;_ 

- _the provision of facilities, with a Christian ethos, for the local community, including (but not restricted to), the elderly, the young and other groups with special needs; and_ 

- _the support of other, relevant charities in the UK and overseas_ . 

## **Trustees** 

The primary governing body of the charity is The Eldwick Church Trustees' Council.  The following served as trustees during the year: 

|ees during the year:|||
|---|---|---|
|Anglican Minister||Revd Brian Greenfield – served throughout 2023(ex officio)|
|Methodist Presbyter||Revd Clare Stainsby– appointed on 29thAugust 2023(ex officio)|
|Methodist Presbyter||Revd TerryKeen – retired on 31stJuly2023|
|Churchwarden||Margaret Hartley– served throughout 2023|
|Other elected trustees|**}**|James Huntington – served throughout 2023(elected Chair)|
||**}**|Gill Jowett – served throughout 2023|
||**}**|Monique Lees – served throughout 2023|
||**}**|Susan Huntington – retired at the ACM,21stMay2023|
||||
|Co-opted trustees|**}**|Carole O’Neill – to serve until ACM 2024|
|_All were appointed by ex_|**}**|Chris O’Neill – to serve until ACM 2024|
|_officio and elected_|**]**|Rowena Gillow – to serve until ACM 2024|
|_Trustees at a Trustees’_|**]**|Richard Arnold – to serve until ACM 2024(elected Treasurer)|
|_meeting (5th June 2023)_|**}**|Carleen Richardson – retired at the ACM,21stMay2023|
|Secretary||Alan Brown served throughout 2023(re-elected 5thJune 2023)|
||||



Page | 1 

_**Annual Report of the Trustees for the year ended 31[st] December 2023**_ 



_**The Eldwick Church (TEC) Local Ecumenical Partnership (LEP)**_ 

Under the terms of the Constitution (clause 22a), the current Anglican Minister of the LEP (Revd Brian Greenfield) and Superintendent of the Airedale Circuit of the Methodist Church (Revd Clare Stainsby), are both ex officio members of TEC Trustees' Council.  Similarly, under clause 22b, four trustees can be elected at an Annual Congregational Meeting (ACM).  The four Elected Trustees serve for a term of 3 years, or to the end of the 3[rd] ACM following their election, whichever occurs first. 

Up to four Co-Opted Trustees may be appointed by decision and invitation of the ex officio and Elected Trustees, as provided for in clause 22c.  This was duly done at the first trustee meeting held after the 2023 ACM (on 5[th] June 2023).  Co-Opted Trustees serve until the next ACM, following their appointment. 

The Trustees held 9 meetings during calendar year 2023.  There was an average attendance rate of 82%. This year the ACM will be held on Sunday, 12[th] May 2024. 

## **Governance Structure and Processes** 

To drive the detailed activities and work of the church, the “pillar” structure was created in 2018/19.  All church activities are managed through one or more of the pillar groups listed below.  Most church activities require cross-pillar collaboration to plan and deliver church activities. 

- _Worship and Teaching_ 

- _Prayer and Pastoral_ 

- _Growing the Church (younger)_ 

- _Hospitality_ 

- _Communications_ 

- _Assets and Finance_ 

A “link trustee” is responsible for communication between the trustees and pillar group co-ordinators.  The trustees are responsible for developing ideas and setting objectives, the link trustees for informing and explaining these to pillar groups and the latter for creating and implementing the detailed actions and plans required to deliver the objectives.   The pillar groups will also communicate through the link trustee to provide feedback, ask for clarification and offer alternative suggestions as to practical approaches and plans.  The link trustees are not the de facto leaders/chairs of their assigned pillars – each pillar determines how it will manage and govern its’ own activities. 

Full congregational meetings are held, in accordance with the LEP Constitution, as follows: 

- Annual congregational meeting (ACM) – at least 1 must be held each year, mainly to meet statutory and administrative requirements (elections for roles/offices, receive annual accounts, etc.) 

- Special congregational meetings (SCM) – may be called at any time by the trustees or by written request from (at least) 10% of the current members at the time 

- SCMs are typically held to discuss and decide on specific matters of significance and/or of particular concern to trustees/members.  For example, to decide whether to embark on a major capital project or to amend key policies or elements of the governing documents (Constitution, Sharing Agreement, etc.) 

## **TEC Activities and Achievements in 2023** 

A summary of the work done in 2023 is set out below; grouping the activities and achievements under the following headings, which are the main strategic objectives of the church: 

- _**Developing Confident Christians**_ 

- _**Growing the Church (younger)**_ 

- _**Serving the Community**_ 

_**Annual Report of the Trustees for the year ended 31[st] December 2023**_ 

Page | 2 



_**The Eldwick Church (TEC) Local Ecumenical Partnership (LEP)**_ 

## **Developing Confident Christians** 

- Following the retirement of Rev Terry Keen (at the end of August), we were delighted to welcome two new Methodist colleagues from the Airedale Circuit from 1[st] September; Rev Clare Stainsby (Circuit Superintendent) and Rev Nel Shallow. 

- Clare and Nel will be working with Rev Brian Greenfield and Rev Emma Wilkinson (licensed as a curate in February 2024), at Eldwick along with their other respective churches. 

- In 2023 we continued to evolve the style and content of our worship in church, seeking to incorporate a mix of Anglican and Methodist heritage; whilst, at the same time, developing and embracing new and appropriate forms of worship.  Each quarter, we liaise with the Circuit to create a three-month plan which ensures a balance of Methodist and Anglican input from our speakers and in communion services. 

- Messy Church (MC) continued in its regular monthly Saturday afternoon slot.  The numbers coming to Messy Church (MC) do fluctuate.  There were 11 MC sessions in 2023 with an average attendance of 25 (9-10 children and 15-16 adults).  There was an exciting development when three children were baptised during one of the Messy Church events. 

- We have also begun to develop a new monthly event, entitled “Refresh”.  This incorporates the MC activity.  For more details on both MC and Refresh, please see the comments in the next section. 

- • Our informal evening service, ‘Breathe’ continued.  Breathe offers a time of quiet reflection, music to sing along to or listen to, alongside thoughtful readings and prayer.  There were 7 Breathe sessions during the year, with an average attendance of 10-11 people. 

- We continue to use live streaming technology to deliver church services to those unable to attend in person and this is an integral part of our pattern of worship delivery, reaching larger audiences than any form of purely “in church/person” services. 

- Five House groups representing around 40% of church members, continued to run during 2023.  The topics covered included; “Whole Life of Christ” and a repeat of the “Know Your Bible” course. 

- • During November and the Christmas period we delivered a number of different events. These included the Remembrance Service, Carols by Candlelight, Midnight (Christmas Eve) Communion, a Christmas Day morning service, Christmas Eve Christingle and a Christmas Tree Festival (see below for more details of these last two events). 

## **Growing the Church (younger)** 

- Throughout 2023 Messy Church has continued and the team has been supported by (Church Worker) Pippa Lupton from the Methodist Circuit.  We have recognised our continuing need to look at opportunities for church outside of Sunday mornings, particularly as we respond to the community around us and changing patterns of family life. 

- This has led to us endeavouring to develop a form of Messy Church that will engage more with parents and carers.  Initial discussions were held around a wider Saturday event (entitled “Refresh”). The original plan was to hold a pilot Refresh event in November, but the inaugural event took place in January 2024 and will continue monthly throughout the year. 

- Refresh is being established as a monthly, Saturday event.  It has a flexible format of multiple sessions.  Refresh will use more informal formats and will be a critical element in attracting and welcoming children and families to our church, who are usually not regular Sunday service attenders. The initial format will change and evolve in the light of experience. 

- The continued success of our community (Link) Café has meant that people are being introduced to Church through the fellowship that they enjoy in Café.  This has had the happy result of new faces attending Sunday worship.  These tend to be older people but also include younger Café regulars (Mums and toddlers) who we now have opportunities to befriend. 

- We ran a successful Christmas Tree festival event.  This was well publicised to the local community and approximately 130 people attended (there were 95 attendees at the equivalent Photo Booth Nativity in 2022). 

- • We held a Christingle service on Christmas Eve. This proved a very popular event with a lot of people attending who we have not seen in church before.  Some 120 people attended, with 75 adults and 45 children (in 2022 the corresponding numbers were 23 and 33, a total of 56). 

Page | 3 

_**Annual Report of the Trustees for the year ended 31[st] December 2023**_ 



_**The Eldwick Church (TEC) Local Ecumenical Partnership (LEP)**_ 

- The initial talks and ideas we shared with Eldwick Juniors Football Club have not yet yielded any fruit; because the club has had to move grounds and is not using Eldwick Rec at present, owing to the condition of the pitch.  There is hope that this will change in 2024/25! 

## **Serving the Community** 

- The Church premises continue to be used heavily throughout each week by a diverse range of local community groups. 

- Charitable Giving – we donated over £21k to various charitable causes in 2023 (over £14k in 2022). More detail can be found in the financial section of this report (see below).  A full list of the causes we have supported over the year is available upon request. 

- Eldwick Goldies (EG) continued to operate monthly, throughout the year.  However, all good things must come to an end.  Carole stepped down as the “session leader” and we have been unable to find a replacement.  So, regrettably the December event was the final one.  Many thanks and credit are due to Carole and the team of EG volunteers for their sterling efforts over the past 4-5 years.  The cash consequences of this decision are set out below, in the Financial Report. 

- Café has operated on Tuesday and Thursday all through the year.  With the usual seasonal fluctuation, the numbers attending has continued to grow steadily.  For many this is a vital source of social interaction, valued as much for the conversation, as for the beverages and cakes! 

- Café sessions can be very busy.  New recruits are always in demand to supplement the Café team, who work so hard to make it a success.  Recently, most new volunteers have come from non-church members in the local community – some of whom have subsequently become involved in other church activities. 

- There are some 20 pastoral visitors, who serve the church family diligently.  With an ageing membership, this can be challenging.  The visitors meet annually to discuss their role, and to identify/resolve problems. 

- The prayer tree continues to be well used by many people and is updated regularly. Individual prayer requests are dealt with confidentially by a member of the Prayer Team (thanks to Judy for this!). 

- Last, but not least and after some delays, we replaced the external church notice board. 

## **Church Membership** 

The membership roll has been maintained regularly throughout the period, and will be presented formally, and confirmed at the next ACM on 12[th] May 2024.  The current membership roll and supplementary schedules (as at 22[nd] March 2024) show: 

- _102 full adult members (May 2023 = 102) with two members passing away since the 2023 ACM, one moving abroad and three new joiners in the period_ 

- _25 “associate” members (typically former or extended church family members who do not opt for full membership – May 2023 = 25)_ 

- _5 junior church members (May 2023 = 4).  There has been one joiner during the period_ 

All persons in each of the above categories are included on the pastoral care lists. 

## **Church Attendance** 

Sunday services in 2023 showed a sustained increase over the previous year.  The average weekly attendance at mainstream Sunday morning services (circa 59), returned almost to the pre-Covid level, increasing from the corresponding 2022 figure of 52. 

The attendances at Breathe (10-11) and Messy Church (25) were also steady throughout the year.  Other non-Sunday services and events were generally well-attended, including 77 people at the annual “Carols by Candlelight” (in 2022, the attendance was 83 people). 

Page | 4 

_**Annual Report of the Trustees for the year ended 31[st] December 2023**_ 



_**The Eldwick Church (TEC) Local Ecumenical Partnership (LEP)**_ 

## **Financial Report – and Movement on General (Unrestricted) Funds** 

Supporting the activities and achievements noted above, we continue to exercise strong controls and disciplines over our finances, both income and expenditure.  This has resulted in a sound and stable financial position.  It has also enabled us to maintain the good state of the fabric of the building and to make further infrastructure investments to support and enhance our worship, charitable giving, communications and administration. 

Total recurring income for the year on unrestricted funds was £114,226 (£107,923 in 2022).  The total expenditure in the period was £104,348 (£94,881 in 2022).  This generated an operating surplus on General (unrestricted) Fund of £9,878 (£13,042 in 2022). 

There was an unrealised gain of £2,402 from the increase in the value of our investments over the year (in 2022 there was a reduction in value of £3,299).  This resulted in an overall surplus and increase in Unrestricted Reserves of £12,280 (compared to £9,743 in 2022). 

## **Other (Restricted) Funds** 

Restricted fund monies and balances may only be applied to the specific purposes for which the monies were given.  At the end of 2023 these comprised of balances on: 

- The Buildings’ fund, for expenditure incurred on the development of the church site and buildings, representing the balance sheet valuation of the assets, after annual depreciation. 

- The “Garden Project” fund, which supports expenditure on the development of garden of the Winston Grange property. 

- The Eldwick Goldies fund (EG), which supported the work done by Goldies’ volunteers with people with dementia and/or those who are socially excluded or deprived (mainly elderly people).  This was funded by a mix of grants and personal donations.  As noted above, the EG volunteers decided that this project could no longer be fully and properly resourced and the decision was taken to terminate the activity.  The final session was held in December 2023.  At the year-end the fund balance stood at £3,131. 

- For the reasons explained above, the Trustees have agreed to close the EG fund and transfer the balance of monies to Unrestricted Funds.  Some of the residual monies represented the unused amounts of grant monies received in 2023.  We have agreed with the grantors how these residual amounts will be settled and distributed. 

- Consequently, the majority of the fund balance will be distributed to Golden Oldies UK and to selected local charities which have similar aims and beneficiaries. 

## **Movements & Balances on Restricted Funds** 

The movements during the year on all of these restricted funds are set out in note 10 (page 8) of the statutory accounts.  As at 31[st] December the balances on restricted funds were as follows: 

|**Restricted Fund**|**FY 2023**|FY 2022|
|---|---|---|
|•<br>Building Development|**798,395**|816,153|
|•<br>Eldwick Goldies|**3,131**|2,081|
|•<br>Garden Project|**2,682**|2,900|
|**Total Restricted Reserves**|**£804,208**|£821,134|



Page | 5 

_**Annual Report of the Trustees for the year ended 31[st] December 2023**_ 



_**The Eldwick Church (TEC) Local Ecumenical Partnership (LEP)**_ 

## **Charitable Donations** 

Discretionary charitable donations amounted to £5,520 (£4,900 in 2022).  Donations to charitable causes from hypothecated fundraising initiatives amounted to £16,102 (£9,699 in 2022).  This resulted in total charitable giving of £21,622 (£14,569 in 2022).  This represented 16.1% of total income (12.2% in 2022). 

## **Capital Commitments** 

There were no outstanding capital commitments at 31[st] December 2023 (£nil in 2022). 

## **Reserves Policy** 

It is the policy of the LEP (as/when possible), to maintain a balance on Unrestricted Funds (i.e. General Fund), which equates to a minimum of three (3) months and up to six (6) months of general, recurring expenditure.  The balance of £62,880 (£50,600 in 2022) on the Unrestricted Fund at the year-end, equates to 7.2 months of such expenditure (in 2022 = 6.4 months).  This reserve is held to cover any future deficits on annual income and expenditure accounts, or emergency situations which may arise.  The draft budget for 2024, as approved by the trustees, shows forecast cover of 5.9 months at the year-end. 

## **Going Concern** 

The balance sheet at 31[st] December 2023 showed adequate cash balances to meet current and projected liabilities (both revenue and capital).  The balance on Unrestricted Funds was outside the parameters of the reserves policy (exceeding the upper limit).  However, as noted above, the budget for 2024 forecasts that the level of cover will be back within the policy limits by the end of the financial year. 

## **Investments** 

It is our policy to invest the available balances of our funds with the Church Commissioners and Local Authority fund (CCLA Investment Management Ltd.) and to hold deposits with various financial institutions, selected to provide a reasonable level of return, balanced with flexible and timely access to funds. 

## **Statement of trustees' responsibilities for the financial statements** 

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable laws and United Kingdom Generally Accepted Accounting Practice. 

Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including income and expenditure, of the charity for that period.  In preparing those financial statements, the trustees are required to: 

- Select suitable accounting policies and then apply them consistently; 

- Observe the methods and principles of the Charity SORP; 

- Make accounting judgements and estimates that are reasonable and prudent; 

- Prepare the financial statements on a going concern basis, unless it is inappropriate to assume that the charity will continue in business. 

Approved by The Eldwick Church Trustees' Council on **22[nd] March 2024** , and signed on its behalf by: 

**James Huntington** (Chair of Trustees) -------------------------------------------------------------------- 

**Alan Brown** (Secretary to the Trustees) -------------------------------------------------------------------- 

Page | 6 

_**Annual Report of the Trustees for the year ended 31[st] December 2023**_ 



## **THE ELDWICK CHURCH** 

## **ACCOUNTS** 

## **FOR THE YEAR ENDED** 

**31 December 2023** 

**Charity Number: 1139493** 



## **THE ELDWICK CHURCH LEP** 

## **INDEPENDENT EXAMINER'S REPORT - 2023** 

## **Independent Examiner's report to the Trustees Council of The Eldwick Church** 

I report on the accounts of the Trust for the year ended 31 December 2023 which are set out on pages 3 and 4 together with the accounting policies and notes on pages 5 to 8. 

## **Respective responsibilities of the Trustees and the Independent Examiner** 

The charity's trustees are responsible for the preparation of the accounts.  The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. 

It is my responsibility to **:** 

- (i)  examine the accounts under section 145 of the 2011 Act; 

- (ii) follow the procedures laid down in the general Directions given by the Chairty Commission under section 145(5)(b) of the 2011 Act; and 

- (iii) state whether particular matters have come to my attention. 

## **Basis of Independent Examiner's Statement** 

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 accounts presented with those records.  It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the Trustees concerning any such matters. 

The procedures undertaken do not provide all the evidence that would be required in a full audit, and consequently I do not express an audit opinion on the accounts. 

## **Independent Examiner's Statement** 

In connection with my examination, no matter has come to my attention: 

**1.** which gives me reasonable cause to believe that, in any material respect, the requirements to keep accounting records in  accordance with Section 130 of the 2011 Act; or to prepare accounts which accord with the accounting records have not been met; **or** 

**2.** to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. 

## **Emma Wilson FCA** 

The Old Malthouse Ryecroft Bingley BD16 1DH 

22 March 2024 

Page 2 



## **THE ELDWICK CHURCH** 

## **STATEMENT OF FINANCIAL ACTIVITIES** 

## **FOR THE PERIOD ENDED 31 DECEMBER 2023** 

|**Note**<br>**INCOMING RESOURCES**<br>Incoming resources from donors<br>**2a**<br>Other voluntary income<br>**2b**<br>Charitable & ancillary trading<br>**2c**<br>Other incoming resources (investments, etc.)<br>**2d**<br>**TOTAL INCOMING RESOURCES**<br>**RESOURCES USED**<br>Missionary & charitable donations<br>**3a**<br>Activities directly related to Church work<br>**3b**<br>Fund Raising & Publicity<br>**3c**<br>Church management & administration<br>**3d**<br>**TOTAL RESOURCES USED**<br>**SURPLUS/ (DEFICIT) FOR THE YEAR**<br>**TRANSFER BETWEEN FUNDS**<br>**OTHER RECOGNISED GAINS**<br>Unrealised gains/ (losses) on investments<br>**NON-RECURRING INCOME**<br>**4**<br>**FUND BALANCES B/F AT 1 JANUARY**<br>**BALANCES C/F AT 31 DECEMBER**|**Unrestricted**<br>**Restricted**<br>**Building**<br>**Funds**<br>**Funds**<br>**Funds**<br>**£**<br>**£**<br>**£**<br>71,135<br>18,093<br>0<br>1,711<br>0<br>0<br>39,898<br>1,593<br>0<br>1,481<br>0<br>0<br>**114,226**<br>**19,686**<br>**0**<br>6,241<br>18,854<br>0<br>93,358<br>0<br>17,759<br>3,470<br>0<br>0<br>1,279<br>0<br>0<br>**104,348**<br>**18,854**<br>**17,759**<br>**9,878**<br>**832**<br>**(17,759)**<br>**2,402**<br>**0**<br>**12,280**<br>**832**<br>**(17,759)**<br>**50,600**<br>**4,981**<br>**816,153**<br>**62,880**<br>**5,813**<br>**798,395**|**2023**<br>**Total**<br>**£**<br>**89,228**<br>**1,711**<br>**41,492**<br>**1,481**<br>**133,912**<br>**25,095**<br>**111,116**<br>**3,470**<br>**1,279**<br>**140,961**<br>**(7,048)**<br>**0**<br>**2,402**<br>**0**<br>**(4,646)**<br>**871,734**<br>**867,088**|2022<br>Total<br>£<br>82,769<br>19,095<br>16,685<br>852|
|---|---|---|---|
||||119,401|
||||18,657<br>103,525<br>2,827<br>617|
||||125,626|
||||(6,225)<br>-<br>(3,299)<br>1,250|
||||(8,274)<br>880,008|
||||871,734|



The accounting policies and notes on pages **5 to 8** form an integral part of these financial statements. 

Page 3 



## **THE ELDWICK CHURCH** 

## **BALANCE SHEET AS AT 31 DECEMBER 2023** 

|**Note**<br>**FIXED ASSETS**<br>Tangible Fixed Assets<br>**6**<br>Investments<br>**7**<br>**Total Fixed Assets**<br>**CURRENT ASSETS**<br>Debtors & prepayments<br>**8**<br>Cash at bank and in hand<br>**Current Assets**<br>Sundry creditors & accruals<br>**9**<br>NET CURRENT ASSETS / (LIABILITIES)<br>**NET ASSETS / (LIABILITIES**<br>**REPRESENTED BY:**<br>Unrestricted Funds<br>**10**<br>Building Fund<br>**10 & 11**<br>Other Restricted Funds<br>**10 & 12**<br>**TOTAL RESERVES**<br>**CURRENT LIABILITIES**|**2023**<br>**£**<br>**799,157**<br>**28,332**<br>**827,489**<br>**5,560**<br>**42,543**<br>**48,103**<br>**8,504**<br>**39,599**<br>**867,088**<br>**62,880**<br>**798,395**<br>**5,813**<br>**867,088**|2022<br>£<br>816,916<br>25,168|
|---|---|---|
|||842,084|
|||4,467<br>34,196|
|||38,663|
|||9,013|
|||29,650<br>871,734|
|||50,600<br>816,153<br>4,981|
|||871,734|



## **Signed: Minister** 

## **Revd. Brian Greenfield** 

**Treasurer** 

**Richard Arnold** 

**Date: 22 March 2024** 

The accounting policies and notes on pages **5 to 8** form an integral part of these financial statements. 

Page 4 



## **THE ELDWICK CHURCH LEP** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

## **FOR THE YEAR ENDED 31 DECEMBER 2023** 

## **1.  ACCOUNTING POLICIES** 

The Accounts (financial statements) have been prepared in accordance with the Church Accounting Regulations 2006, and 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 for Smaller Entities, published on 16 July 2014, the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Charities Act 2011 and applicable regulations. 

The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value. 

The financial statements include all transactions, assets and liabilities for which the Trustees' Council is responsible in law.  They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of church members. 

## **Funds** 

- General Funds are not subject to any restrictions regarding their use and are available for application to the general purposes. 

- Designated Funds are those monies which the Trustees have decided to allocate for particular purposes. They are also unrestricted in that the Trustees are free to re-designate them. 

- Restricted Funds are only available to be applied for the purposes for which they were given. 

## **Incoming Resources** 

- Collections are recognised when received by or on behalf of the Trustees' Council. 

- Planned giving is recognised when received. 

- Income tax recoverable on donations eligible for Gift Aid & GASD is recognised when the donation has been received. 

- Grants and legacies are accounted for as soon as the Trustees are notified of legal entitlement. 

- Funds raised at social events are accounted for gross. 

- Income from Cafe sales or from hire of church accommodation are accounted for gross. 

- Hire income from the letting of church premises is recognised when the income is due. 

- Dividends and interest are accounted for when receivable and are received gross of tax. 

## **Resources Used** 

- Grants and donations are accounted for when paid over, or when committed by the Trustees' Council. 

- The Diocesan  & Circuit Share is accounted for when payable. 

## **Gains and Losses on Investments** 

- Realised gains or losses are recognised when investments are sold. 

- Unrealised gains or losses are accounted for on revaluation of investments at 31 December. 

## **Fixed Assets** 

- Consecrated & beneficed property is excluded from the accounts in accordance with s.10(2)(a) & (c) of the Charities Act 2011. 

- No value is placed on movable church furnishings as the Trustees consider these to be inalienable property. 

- Expenditure incurred on repair and maintenance of the above assets is written off when incurred.  Other items of equipment are capitalised at cost, if this is over £2,500 individually.  They are then depreciated over four years, in equal annual instalments. -  Tangible Fixed Assets are the capitalised costs of the building project; being the new church hall (phase 1), the construction of the link and the simultaneous refurbishment of the church (phase 2).  This work was completed in May 2019.  The new facilities were brought into full use in June 2019 and, since 2019 they have been depreciated on the straight line basis over 50 years (in equal annual instalments). 

## **Investments** 

Investments are valued at the market values as at 31 December. 

## **Current Assets** 

- Amounts owing to the Trustees' Council at 31 December in respect of fees, rents or other income are shown as debtors, less provision for amounts that may prove uncollectable. 

- Short-term deposits comprise accounts held with CAF Bank Ltd. 

Page 5 



## **THE ELDWICK CHURCH LEP** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

## **FOR THE YEAR ENDED 31 DECEMBER 2023** 

|**2 **|**INCOMING  RESOURCES**|**Unrestricted**|**Restricted**|**Restricted**|**Total**|**Total**|
|---|---|---|---|---|---|---|
|||**General**|**Other**|**Building**|**2023**|2022|
|||**Funds**|**Funds**|**Funds**|**£**|£|
|**2(a) **|**Incoming resources from donors**||||||
||Planned giving:|51,759|||**51,759**|49,496|
||Collections at all services|1,170|||**1,170**|1,112|
||Sundry donations|5,263|14,954|-|**20,217**|16,756|
||Tax reclaim|12,944|3,139|-|**16,082**|15,406|
|||71,135|18,093|-|**89,228**|82,770|
|**2(b) **|**Other ordinary incoming resources**||||||
||Fees (weddings & funerals)|1,711|||**1,711**|1,402|
|||1,711|-|-|**1,711**|1,402|
|**2(c) **|**Income from charitable and ancillary trading**||||||
||Sundry income from social &|14,900|||**14,900**|10,618|
||fund-raising activities||||||
||Letting of Church premises|24,248|||**24,248**|17,693|
||Grants received|750|1,593||**2,343**|6,067|
|||39,898|1,593|-|**41,492**|34,378|
|**2(d) **|**Income from investments**||||||
||Dividends and interest received|1,481|||**1,481**|852|
|||1,481|-|-|**1,481**|852|
||**TOTAL INCOMING RESOURCES**|**114,226**|**19,686**|**-**|**133,912**|119,402|
||**(recurring)**||||||
|**3 **|**RESOURCES USED**|**Unrestricted**|**Restricted**|**Restricted**|**Total**|**Total**|
|||**General**|**Other**|**Building**|**2023**|**2022**|
|||**Funds**|**Funds**|**Funds**|**£**|£|
|**3(a) **|**Mission & Outreach - Donations & Costs**||||||
||Donations to UK causes|3,614|11,432||**15,046**|10,286|
||Donations to overseas causes|1,906|150||**2,056**|3788|
||Sunday Coffee collections||1,480||**1,480**|-|
||Emergency & one-off appeals|-|3,040||**3,040**|494|
||Other donations & expenses||2,753||**2,753**|3,317|
||Mission & outreach costs|721|||**721**|772|
|||**6,241**|**18,854**|**-**|**25,095**|18,657|
|**3(b) **|**Activities directly relating to the church**||||||
||Share to the Diocese & Circuit|52,001|||**52,001**|50,155|
||Office & clergy expenses|918|||**918**|1,451|
||Church service upkeep|2,288|||**2,288**|2,348|
||Employment costs|13,813|||**13,813**|12,536|
||Property running costs|13,768|||**13,768**|10,605|
||Property maintenance costs|10,570|||**10,570**|8,671|
||Depreciation|||17,759|**17,759**|17,759|
|||**93,358**|-|**17,759**|**111,116**|103,525|



Page 6 



## **THE ELDWICK CHURCH LEP** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

## **FOR THE YEAR ENDED 31 DECEMBER 2023** 

|**Unrestricted**<br>**Restricted**<br>**Restricted**<br>**General**<br>**Other**<br>**Building**<br>**2023**<br>**Funds**<br>**Funds**<br>**Funds**<br>**£**<br>**3(c) Fund-raising and publicity**<br>Costs of social events<br>3,470<br>-<br>**3,470**<br>**3,470**<br>**-**<br>**-**<br>**3,470**<br>**3(d) Church management and administration**<br>Office expenses<br>530<br>**530**<br>Professional fees<br>750<br>**750**<br>**1,279**<br>**-**<br>**-**<br>**1,279**<br>**TOTAL RESOURCES USED**<br>**104,348**<br>**18,854**<br>**17,759**<br>**140,961**<br>**(recurring items)**<br>**4 NON-RECURRING & PRIOR YEAR INCOME**<br>Sale of assets<br>**-**<br>Legacies & non recurring income<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**5 NON-RECURRING EXPENDITURE**<br>Capital expenditure<br>-<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**6 TANGIBLE FIXED ASSETS**<br>**_Cost:_**<br>**Building**<br>**Fixtures &**<br>**Fittings**<br>At 1 January 2023<br>887,929<br>-<br>Additions<br>-<br>-<br>Disposals<br>-<br>-<br>At 31 December 2023<br>887,929<br>-<br>**_Accumulated depreciation:_**<br>At 1 January 2023<br>71,013<br>-<br>Charge for year<br>17,759<br>-<br>On disposals<br>-<br>-<br>At 31 December 2023<br>88,772<br>-<br>**Net book amount at 31 December 2023**<br>**799,157**<br>**-**<br>Net book amount at 31 December 2022<br>**7 INVESTMENTS**<br>**2023**<br>**£**<br>**28,332**<br>**28,332**<br>Investments represent shares in the Central Board of Finance (CBF) of the<br>Church of England Investment Fund.<br>At 31 December 2023,**1253.32**shares were held in the CBF fund<br>(2022: 1218.15 shares).  The values of these, based on share prices at<br>31 December were:|**Unrestricted**<br>**Restricted**<br>**Restricted**<br>**General**<br>**Other**<br>**Building**<br>**2023**<br>**Funds**<br>**Funds**<br>**Funds**<br>**£**<br>3,470<br>-<br>**3,470**|**Unrestricted**<br>**Restricted**<br>**Restricted**<br>**General**<br>**Other**<br>**Building**<br>**2023**<br>**Funds**<br>**Funds**<br>**Funds**<br>**£**<br>3,470<br>-<br>**3,470**|**Unrestricted**<br>**Restricted**<br>**Restricted**<br>**General**<br>**Other**<br>**Building**<br>**2023**<br>**Funds**<br>**Funds**<br>**Funds**<br>**£**<br>3,470<br>-<br>**3,470**|2022<br>£<br>2,827|
|---|---|---|---|---|
||**3,470**|**-**<br>**-**<br>**3,470**||2,827|
||530<br>750|**530**<br>**750**||335<br>282|
||**1,279**|**-**<br>**-**<br>**1,279**||617|
||**104,348**|**18,854**<br>**17,759**<br>**140,961**||125,626|
|||**-**<br>**-**||-<br>1,250|
||**-**|**-**<br>**-**<br>**-**||1,250|
||-|**-**||-|
||**-**|**-**<br>**-**<br>**-**||-|
|||||887,929<br>-<br>-|
|||||887,929|
|||||71,013<br>17,759<br>-|
|||||88,772|
|||||**799,157**|
|||||816,916|
|||||2022<br>£<br>25,169|
||||**28,332**|25,169|



Page 7 



## **THE ELDWICK CHURCH LEP** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

## **FOR THE YEAR ENDED 31 DECEMBER 2023** 

|**8 **|**DEBTORS**||||**2023**|2022|
|---|---|---|---|---|---|---|
||||||**£**|£|
||Income tax recoverable||||**4,601**|4,093|
||Other debtors & pre-payments||||**958**|374|
||||||**5,560**|4,467|
|**9 **|**LIABILITIES : AMOUNTS DUE WITHIN ONE YEAR**||||||
||Income in advance||||500|1,750|
||Accruals||||8,004|7,264|
||||||**8,504**|9,014|
|**10 **|**RESTRICTED FUNDS**||||||
|||Balance at 01|Income &|Expenditure|**Balance at 31**|Balance at 31|
|||January 2023|donations &||**December**|December|
||||transfers||**2023**|2022|
||Building Fund|816,153|-|(17,759)|798,395|816,153|
||Mission Giving|-|16,244|(16,244)|0|**-**|
||Eldwick Goldies (see note 12 below)|2,081|3,194|(2,143)|3,131|2,081|
||Garden Project|2,900|248|(466)|2,682|2,900|
|||821,134|19,686|(36,613)|**804,208**|821,134|
|||||**Restricted**|**Total**|**Total**|
||||**Restricted**|**Goldies**|**Funds**|**Funds**|
|**11 **|**NET ASSETS BY FUND**|**Unrestricted**|**Building**|**& others**|**2023**|**2022**|
|||**Funds**|**Fund**|**Fund**|||
||Tangible Assets||799,157||**799,157**|816,916|
||Investments|28331.69|||**28,332**|25,169|
||Current Assets|43052.07|(763)|5,813|**48,103**|38,663|
||Creditors:_Amounts falling due_|-8504.28|||**(8,504)**|(9,014)|
||_within one year_||||||
|||**62,880**|**798,395**|**5,813**|**867,088**|871,734|



## **12 ELDWICK GOLDIES RESTRICTED FUND (post balance sheet event)** 

The Eldwick Goldies (EG) held their final session in December 2023.  The decision to terminate these monthly events meant that there was a balance remaining on the Restricted Fund as at 31 December 2023.  This residual balance was £3,131. Part of this related to grants received for specific purposes and activities (£1,593).  Permission has been sought and obtained from the grantors (Utley Foundation & Bingley Bubble Community Partnership), to retain the unspent amount of these grants (£1,073), and to make donations to local charities with similar objectives and beneficiaries.  Therefore, the Trustees have approved that the EG Restricted Fund should be closed, the residual balance transferred to Unrestricted Funds and that the monies be distributed accordingly. 

Page 8 



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