ARGYLE COMMUNITY CHURCH READING FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 DECEMBER2024 Registered Charity number 1143357 Company number 7714084
ARGYLE COMMUNITY CHURCH READING FINANCIAL STATEMETrtrs FOR THE YEAR ENDED 31 DECEMBER 2024 CONTENTS Pages Reference and Administrative Details Trustees, Report Independent Examinerfs Report Statement of Financial Activities Balance Sheet io Notes to the Accounts 11-16
ARGYLE COMMUNITY CHURCH READING REFERENCE AND ADMINISTRATIVE DETAILS Charity number: 1143357 Company number: 7714084 Registered office: Argyle Community Church Argyle Road Reading Berkshire RGI 7YL Trustees: The following Trustees served during the year and up to the date of signing of the Trustees Report: Hazel Andrews Cleve Chevassut (Chairman from 8 April 20251 Sandy Forshaw (Chairman till 8 April 20251 Yvette Mukandori Christopher Rayer5 Jeremy Richardson Iresigned 19 February 20251 Jonathan Rout Secretary: Christopher Rayers Treasurer: Kingsley Kwok Independent Examiner: Andrew Geary Geary Partnership Chartered Accountants 159a Chase Side Enfield Middlesex EN2 OPW Principal bankers: CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Solicitors: Lawson Lewis Blakers 11 Hyde Gardens Eastbourne East Sussex BN214PP
ARGYLE COMMUNITY CHURCH READING TRUSTEES, REPORT FOR THEYEAR ENDED 31 DECEMBER 2024 The Trustees (who are also directors of the charity for the purposes of the Companie5 Act) present their annual report together with the financial statements of the Argyle Community Church Reading Ithe Company) for the year ended 31 December 2024. The Trustees confirm that the Annual Report and financial statements of the Company comply with the current statutory requirements of the Company's governing document and the provisions of the Statement of Recommended Practice ISORPI Accounting and Reporting by Charities IFRS 1021, effective l January 2019. STRucfuRE, GOVERNANCE AND MANAGEMENT Constitution 'Argyle Community Church Reading, is registered as a charitable company and incorporated under the Companies Act 2006 as a private company that is limited by guarantee, with a registered office sltuated in England. The Company was set up by a Memorandum and Articles of Association on 21 July 2011 and does not have Share Capital. On 31 March 2012 the assets of The Bethel Trust and the Manse of Argyle Chapel Trust were transferred to the Charity. Organisational structurei governance, risk management and decision making Argyle Community Church is an independent Bible-based Christian Church located in Argyle Road, Reading. We recognise under God a group of Elders who, with the guidance of the Holy Spirit, encourage the spiritual life of all members and provide leadership and direction in the Church's ministry. These Elders include a Pastor, Jamie Cater, whose gift in teaching, pastoral care and outreach has been recognised by the Church, and is appointed and employed by the Church to exercise such a ministry. Until August 2024 the Church employed Lizzie Starkey as Youth and Children's Worker IYCWI. Following Lizzie's resignation for personal reasons, the Church employed Zach G Wilson in this role from September 2024. The YCW has overall responsibility for ministries to and/or irbvolving young people land, where appropriate, their families) although the ministries may be headed up by other church members. In addition to employing Zach on a ftjll-time basis, we were able to employ Claire Shepherd as an additional YCW in a part-time capacity lone to two days/weekl,' apart from supporting Zach, Claire took on a mentoring role with the teenage girls. The Church has a Treasurer who maintains the financial accounts and produces annual predictions of expenditure needs: additionally, they administer offerings made to the Church, reclaim tax from HMRC for Gift Aided donations, arrange the payment of staff (through Stewardship Services payroll sy5teml and payment of expenseslinvoices as necessary, and distribute monies in accordance with the wishes of the Elders. Our Treasurer resiEned after over 10 years, service at the end of 2024, handing over responsibilities to a new Treasurer from January 2025 following a period of training. A5 a registered charitable company, we also have a group of godly Trustees who are responsible for and carry out their statutory duties as Directors of the Company. The Trustees have systems in place to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
ARGYLE COMMUNITY CHURCH READING TRUSTEES, REPORT, continued FOR THE YEAR ENDED 31 DECEMBER 2024 Organlsational structure• governance, risk management and decision makingi contlnued To assist the Church and the Trustees with their governance resporbsibilities we subscribe to the Stewardship Advice Service for help with legal matters and thirtyone.'eight (formerly CCPASI for matters relating to Safeguarding. We have a Safeguarding officer who, together with her deputy, manages any safeguarding issues or concerns. One of the Trustees has particular oversight responsibility for Safeguarding lalthough all Trustees recognise their individual responsibility in thi5 areal. OBJEcfivES AND AcfiviTIES. ACHIEVEMENTS AND PERFORMANCE Object5 and aims The purpose of the Church is the advancement of the Christian faith lin accordance with the Statement of Beliefs set out in the Memorandum of Association) in the surrounding neighbourhood, in Reading, in the United Kingdom and in overseas countries where we have connections. Our Christian faith is given practical expression in the local community arbd further afield through various forms of social action. Worship and service Our main act of corporate worship is on a Sunday morning, with a combination of singing, prayers, teaching and other supporting content, with separate activities IL-Zone and T-zonel for young people during part of the service. Although struttured this is a generally informal time. The teaching Isermonl 15 primarily undertaken by the Pastor, supplemented by occasional guest speakers, following a programme of topics and Bible passaEes. Since early 2020 this seTvice has been live-streamed on our YouTube chanrbel Ihttps'./lwww. youtube.com/argylecommunitychurchl. As in previous years, we have taken advantage of our streaming software to include remote presentations and pre-recorded sermons when a speaker could not be present locally. Although not live-streamed we were also able to make available online the video of a service we held outdoors in the summer. During 2024 we held 3 baptism services, with nine church members affirming Jesus as their Saviour. Communion (the Lord's Supper) is normally celebrated every week, either in the Sunday morning service or as part of a Sunday evening prayer meeting. Other meetings for prayer, Bible study, fellowship and mutual support are held at various times during the week. Some of these meeting5 use Zoom lor 3 hybrid of Zoom/live attendance) where this makes practical sense, for example: Elders, prayer meetings at 7..30am on a Friday morning. or lifegroup or evening prayer meetings in the winter months.
ARGYLE COMMUNITY CHURCH READING TRUSTEES, REPORT, contlnued FOR THE YEAR ENDED 31 DECEMBER 2024 Public beneflt We look to be active in our community seeking to help our neighbours through friendship and social action, providing activities designed for young and old, men and women, families and the many different nationalities that live nearby. To this end each week we run.. English Language classes for Internationals- term-time only I'Bridges'l,' a parent/carer and toddlers group I'Honeypot'l weekly pre-booking is required to ensure numbers are manageable; a parent/carer and baby group I'Little Bees'l- no booking has been needed for this- a youth evening 'Connect' Ifor year 95 and abovel- a debt counselling service, in partnership with 'Frontline'. With support from other local churches we host an international cafe, 'iCaf'. twice monthly in a local community hub- this is a social event primarily for internationals, giving them an opportunity to use English in an informal setting. Along with other churches we are a full partner of Torch Ihttps'./ltorchhub.org.ukl which offers 'A helping hand from local churches. to those in need in our area. Throughout the year we hold regular and irregular social events. such as a men's breakfast lat the local IKEA), a ladies, coffee morning, and men's and ladies, walks. The church building and its facilities have also been available, subject to certain criteria, for use by individuals and local or national organisations for private use such as parties, meetings or conferences. In particular in 2024 we had arrangements with Hope into Action (Reading), 2..19 Teach to Reach, Grow Faith, and Horizon Therapies for regular use of our building. We also regularly support, both financially and prayerfully.. local social action organisations such as 'Christian Community Action, (furniture exchange and social care advice), The Mustard Tree Ihelping individuals in needl, and Street Pastors,. Christian organisations working in Reading schools, such as 'Reach' and 'REln5pired'; Christian workers with whom we have particular contact, in the UK and around the world. In 2024 we supported the TearFund 'Big Quiz Night, and raised almost £500 for this organisation. A5 a result of the above activities and links, there are tangible benefits in personal and family relationships including those affected by drug and alcohol related problems, as well as deeper spiritual relationships for all. As a Church we support Fairtrade, ethical and sustainable products as much as possible, for our beverages. consumables and cleaning materials. We look to recycle plastic and paper waste, collect food waste after Church lunches, and have had solar panels for over ten years.
ARGYLE COMMUNITY CHURCH READING TRUSTEES, REPORT. continued FOR THEYEAR ENDED 31 DECEMBER 2024 Integration of International church members One of our 'straplines' is 'A church for all nations, and we are pleased to welcome worshippers of many nationalities from across the world. From September 2021 in particular, a number of immigrants from Hong Kong have joined us and become an integr31 part of the fellowship taking on key roles, joining rotas and helping lead services- a Cantonese- speaking lifegroup meets twice a month and in 2024 two Cantonese-language Alpha courses have taken place. No separate Cantonese fellowship is planned. To help those in the Church who are from Hong Kong - and their friends/contacts - settle in the UK we have run a number of Welcome Courses over recent years, in conjunction with the UKHK organisation, explaining about healthcare and other aspects of life in the UK. In 2024 this continued with a course in the Autumn with over 50 people registered. Although Hong Kong members form a significant proportion of the Sunday morning congregation, we have welcomed many other nationalities, in particular Spanish and Portuguese speakers, some of whom were living in Reading with refugee status. As many new people have recently joined Argyle certain Sundays during 2024 were designated 'Label Sundays, when we wore name labels and got to know each other better. Exceptional financial expenditure As mentioned in last year's report it had become apparent in recent year5 that the external fire escape steps leading from the upper room at the south end of the building need replacing, and this was expected to be a major item of expenditure in 2024. However, the design of the new fire escape has proved complicated and there has been some delay in progressing with this projett,. it is now expected to be completed in 2025. The current fire escape remains useable but mitigating measures have been put in place to reduce the risk of using The 'Manse' in Deepdene Close 15 occupied by the Pastor and hi5 family, and has suffered from damp in recent years. Investigations have taken place to identify the cause of this and some remedial work has been undertaken in 2024, but more is anticipated in 2025. As stated above, our full-time Youth and Children's Worker has been replaced by another full-time YCW but supplemented by a part-time YCW and our costs in this area have therefore significantly increased. These three major items have had an impact on costs in 2024 (with more anticipated in 20251, and our budget was significantly exceeded. However, partly thanks to a generous restricted gift to cover the extra YCW costs, our income also increased and matched the budget excess. Future costs, particularly for the fire escape. are expected to be covered by reserves without affecting our principle of retaining a cash buffer of three months, planned expenditure, although we continue to rely on God's provision through his people.
ARGYLE COMMUNITY CHURCH READING TRUEE5, REPORT, continued FOR THE YEAR ENDED 31 DECEMBER 2024 Method of appointment or election of Trustee5 The arrangements for the appointment, retirement and removal of Trustees/Directors are set out in the Memorandum and Articles of Association. Safeguarding Polity Our Safeguarding Policy reflects current UK legislation in relation to safegLJarding children and vulnerable adults and implements good practice recommendations. It is constantly reviewed in the light of changes to the safeguarding standards developed by the thirtyone.'eight organisation Iformerly CCPASI. In 2023 we were made aware that a married couple within Argyle were experiencing relationship issues. and our Pastor and the Safeguarding lead were involved in attempting to help the couple with their difficulties. In late 2024 we were contacted by a third-party who was concerned that this response was faulty. Whilst recognising that matters could have been handled better, the Trustees 5UPPQrt the Pastor and stand by the Statement of Beliefs as listed in our Memorandum of Association,. however, this incident has prompted a complete review of our Safeguarding and Complaints procedures which will take place in 2025. Data Protection Pollcy Our Data Protection Policy aims to ensure compliance with the requirements of General Data Protection Regulation legislation. We are registered with the Information Commissioner's Office (registration number ZA4363861. FINANCIAL REVIEW Income and expenditure The Church's income and expenditure for the year are set oijt in the Statement of Financial Activities on page 9. The Trustees report a deficit for the year of £34,87112023 - deficit of £40,310). The Church is principally financed by regular monthly donations from members, augmented by giving to specific appeals when need is identified. The regular giving is sufficient to cover the regular running costs of church activities. The Church's primary asset is an unencumbered freehold building which is gaining in value although it is being depreciated at 2% per annum. The ChLtrch maintains 3 healthy cash balance- £104,002 at 31 December 202412023 - £97,557). Reserves polity The Trustees aim to maintain free reserves equivalent to three months average giving to the general fund, which equates to £35,000. These funds are to ensure that the Church activities can continue as planned in the case of unforeseen circumstances or a sudden reduction in regular giving. Financial reports to Trustees, meetings always include details of the level of free reserves to ensure that spending decisions are made in accordance with the policy. The Reserves policy is reviewed annually.
ARGYLE COMMUNITY CHURCH READING TRUSTEES, REPORT, continued FOR THE YEAR ENDED 31 DECEMBER 2024 Statement of Trustees, responsibilities The Trustees, who are Directors for the purposes of company law, are responsible for preparing the annual report and the accounts in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Company law and the law applied 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 state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing those financial statements, the Trustees are required to.. select suitable accounting policies and apply them consistently,. obsetve the methods and principles of the Charities Statement of Recommended Practi,. make judgments and estimates that are reasonable and prudent,. state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements,. and prepare the accounts on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company, and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detertion of fraud and other irregularities. Small company provislons This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. This report was approved by the Trustees on 26 September 2025 and signed on their behalf by.. Cleve Chevassut (Chairmanl
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF ARGYLE COMMUNITh CHURCH READING I report to the charity Trustees on my examination of the accounts of Argwle Community Church Reading for the year ended 31 December 2024, which are set out on pages 9 to 16. Responsibilities and basis of report As the charity Trustees of the Church land also its director5 for the purposes of company lawl. you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 ACVI. Having satisfied myself that the accounts of the Church are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your Church's accounts as carried out under section 145 of the Charities Act 20111'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent Examinerfs statement I have completed my examination. I confirm that no material matters have come to my attention in connettion with the examination giving me cause to believe that in any material respect.. 111 accounting records were not kept in respect of the Church as required by settion 386 of the 2006 Act,. or 121 the accounts do not accord with those records,. or 131 the accoLJnts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination,. or 141 the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities lapplicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. rew Geary Chartered Accountant Geary Partnership Chartered Accountants 159a Chase Side, Enfield, EN2 OPW Date.. 29 September 2025
ARGYLE COMMUNITY CHURCH READING STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31 DECEMBER 2024 Total funds 2024 Total funds 2023 Unrestrirted Designated Rèstrirted Revaluatlon funds funds funds reserve Notes INCOME AND EXPENDITURE Income Donations and legacies Income from charitable activities Investment income Other income 135.818 4,053 1,586 2.175 16,685 152.503 4.053 1,586 2,175 135,147 2,703 1,166 2,495 Total income 143,632 16.685 160,317 141,511 Expendlture Charitable activities 136,575 33,915 2.551 22,147 195,188 181.821 Totsl expenditure 136,575 33,915 2,551 22.147 195,188 181.821 Net intomellexpenditurel before transfers 7,057 133.9151 14,134 122,1471 134,8711 140,3101 Transfers between funds 131,5391 33,915 12,3761 Net incomellexpenditurel before other gainslllossesl 124,4821 11.758 122,1471 134.8711 140,3101 oiher retognised gainslllossesl Net movement in funds 124,4821 11.758 122,1471 134,8711 140,3101 RECONCILIATION OF FUNDS Total funds brought fOnard at l January 2024 728,780 13,484 863,249 1,605,513 1.645,823 Total funds carried forward at 31 December 2024 704,298 25.242 841,102 1.570.642 1,605,513
ARGYLE COMMUNITY CHURCH READING BALANCE SHEET AT 310ECEMBER 2024 2024 2023 Notes Fixed assets Tangible assets 1,462,354 1,501,875 Current assets Debtors Cash at bank and in hand 5,970 104.002 7,587 97,557 109,972 105,144 Creditors: amounts falling due within one year 11,6841 11,5061 Net current assets 108,288 103.638 Total assets less current liabilities 1,570,642 1,605,513 Net assets 1,570.642 1,605.513 Funds Unrestricted funds Revaluation reserve Designated funds Restricted funds 704,298 841,102 728,780 863,249 25,242 13,484 1.570,642 1,605,513 The accounts have been prepared in accordance with the provisions of 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK IFflS 1021, leffettive l January 20191. For the year ended 31 December 2024, the company was entitled to exemption from audit under section 477 of the Companies Act 2006, and no notice has been deposited under section 476. The Trustees, who are also the directors of the company, acknowledge their responsibility for complying with the requirements of the Act with respert to accounting records and preparation of accounts. Approved by the Board of Trustees on 26 September 2025 and signed on their behalf bv- Cleve Chevassut Trustee io
ARGYLE COMMUNITY CHURCH READING NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 I ACCOUNTING POLICIES al Basis of preparation The accounts have been prepared under the historical cost convention as modified by the revaluation of freehold properties and improvements, and in accordance with 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparin£ their accounts in accordance with the Financial Reporting Standard applicable in the UK IFRS ID21 leffettive l January 20191.. bl Income Income is included in the Stètement of Financial Activities when the charity is legally entitled to the income and the amount cèn be quantified with reasonable Bccuracv. cl Expendriure All expenditure is accounted for on an accrua15 basis and has been included under expense categories that aggregate all costs for all(>cation to activitie5. Where costs cannot be directly attributed to particular actiwties they have been allocated on a basis consistent with the use of the resources. Expenditure on charitable attivitie5 comprises all expenditure incurred directly in pursuance of the church's charitable objectives. Governance tosts are those costs incurred in connection with adrninistration of the charity and compliance with constitutional and statutory requirements, and include depreciation of fixed assets. dl Fixed assets and depreciation Fixed assets are stated at cost or. in the case of certain freehold properties, at valuation, less accumulated depreciation. Gains or losses arising on revaluation are taken to a revaluation reserve. Depreciation has been provided at the following rates in orderto write off a55ets over their estimated useful lives: Land and buildings- 2% straight line That portion of the depreciation charge which relates to the uplift arising from a revaluation 15 charged to the revaluation reserve. Èl Fund attounting Designated funds are part of unrestricted funds that are expendable at the discretion of the Tru5tee5 in furtheran of the Church's charitable objertive5. Unrestritted funds that are earmarked for 3 particular project may be designated as a separate fund. but these have an administrative purpose only. and do not restrict the Trustees. discretion to apply the fund. The revaluation reserve Isee note Ildl abovel is 3150 part of unrestricted fund5. Restrirted funds are funds subject to specific tru5t5, which rnay be declared by their donors, or with the authority such as in 3 public appeal. or Cated through legal process, but still within the wider objects of the charity. Restricted funds may be restricted income funds or may also be capital funds where the assets are required to be invesied, Dr retained for actual use ratherthan expended. li
ARGYLE COMMUNITY CHURCH READING NOTES TO THE ACCOUNTS, continued FOR THE YEAR ENDED 310ECEMBER 2024 2 INCOMING RESOURCES Total funds 2024 Total funds 2023 Unrestricted Designated Restrlcted Revaluation Funds funds funds reserve Donations and legacies Donations Gift Aid tax recovered 122.098 13.720 16,685 138,783 13,720 120,765 14,382 135.818 16,685 152,503 135,147 Income from charitable activitles Charitable activity receipts lincome from charitable activities relates directly to social and church events during the yearl 4,053 4,053 2,703 Investment income Interest receivable 1,586 1,586 1,166 Other income Other income 2,175 2,175 2,495 3 RESOURCES EXPENDED Total funds 2024 Total funds 2023 Unrestricted DesiEnated Restricted Revaluation Funds funds funds reserve Charitable activities Staff costs (see note below) Mission costs Depreciation of buildings Building maintenance, insurance and utilities Other costs Governance costs.. Accountancy fees 69,662 69,662 36,026 39,521 60,133 31,855 39,521 33,915 2,111 17,374 22,147 29,873 18,454 29,873 18,894 33.990 15,119 1,212 1,212 1,203 136,575 33.915 2,551 22,147 195,188 181.821 The above expenditure on charitable artivities comprises the charitys support costs. 12
ARGYLE COMMUNITY CHURCH READING NOTES TO THE ACCOUNTS, continued FOR THE YEAR ENDED 31 DECEMBER 2024 4 STAFF COST5 2024 2023 Wages and salaries, including benefits in kind Social security costs Pension costs 64,447 385 4,830 55,565 347 4,221 69,662 60,133 The average number of employees during the year was 212023- 21. 5 TANGIBLE FIXED ASSETS Land and buildings Total Cortlvaluation At lJanuary2024 and 31 December 2024 1,976,058 1,976,058 Depreciation At l January 2024 Charge for the year 474,183 39.521 474,183 39,521 At 31 Dettmber 2024 513,704 513,704 Net bookvalue At 31 December 2024 1,462,354 1,462,354 At 31 December 2023 1,501.875 1,501,875 The Church's freehold properties and other interests in land were capitalised in the financial statements at their original historical cost. The church was opened in 1959 and the cost of the land and buildings was £12,307. The manse at 8 Deepdene Close was purchased in 1986 at a cost of £73,058. The church (but not the manse) was revalued by the Trustees on 21 April 2013 at its insured value of £1,903,(X)O. Depreciation is being applied to this valuation at a rate of 2% per annum on a straight line basis commencing with the year ended 31 December 2013. The depreciation charge for the year on a historical cost basis would amount to £17,374 12023 £17,374) and the net book value of larbd and buildings on a historical cost basis would be £621,251 at 31 December 202412023 - £638.6251. 13
ARGYLE COMMUNITY CHURCH READING NOTES TO THE ACCOUNTS. continued FOR THEYEAR ENDED 31 DECEMBER 2024 6 DEBTORS 2024 2023 Other debtors 5,970 7,587 7 CREDITORS: Amounts falling due within one year 2024 2023 Accruals 1,684 1,506 14
ARGYLE COMMUNITY CHURCH READING NOTES TO THE ACCOUNTS. continued FOR THE YEAR ENDED 31 DECEMBER 2024 8 STATEMENT OF FUNDS Brought Forward Incoming sources Resources expended Transfers in/lout} Carried fonvard Unrestricted funds General Fund 728,780 143,632 1136,5751 131,5391 704,298 Revaluation Reserve 863,249 122,1471 841,102 Designated funds Missionary Fund 133,9151 33,915 Restricted fvnds Missionary Fund Hardship Fund Christmas Appeal Fund Youth and Community Fund 9.200 4,284 169 11,2111 14401 19001 42 8,200 495 16,021 619 13,0371 214 12,984 13,484 16,685 12,5511 12,3761 25,242 Total funds 1.605,513 160,317 1195,1881 1,570,642 The Missionary Fund supports a number of missionaries in the UK and overseas by means of monthly or annual giving together with one off support to young people on short term projerts. The Hardship Fund 15 to alleviate temporary financial needs of people who are known to ArEyle through one of the Church's meetings or ministries. The Christmas Appeal Fund is to respond to God's gift of Jesu5 by giving donations to a charity of our choice which helps those in particular need or distress. The Youth and Community Fund is to ensure that the Church is sUPPOrting youth and community work at Argyle which enables young people and community members to move forward in their faith journey and encounter God's love in Je5US. 15
ARGYLE COMMUNITY CHURCH READING NOTES TO THE ACCOUNTS, continued FOR THE YEAR ENDED 31 DECEMBER 2024 9 ANALYSIS OF NET ASSEfs BMVEEN FUNDS Unrestrirted Funds Designated funds Restricted funds Revaluation reseNe Total funds Tangible fixed assets Current assets Creditors due within one year 621,252 84,730 11,6841 841,102 1,462,354 109,972 11,6841 25.242 704,298 25,242 841,102 1,570,642 10 RELATED PARTI TRANSAcfioNS l. During the year expenses incurred on behalf of the charity were reimbursed to Trustees and persons tonnected with the Trustees in the following amounts- J Rout- £675 C Rayers- £371 J Rayers (wife of C Rayersl - £263 During the year, the following gifts were made to persons connected with the Trustees in pursuance of the Church's charitable objectives.. P Rout150n of J Routl- £6,000 (missionary supportl 16