Charfty registration numbor 1151736 (England and Wales) Company reglstration number 08472181 EQUIPPERS CHURCH ESSEX ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Caladine chartered Certified Accountants EQUIPPERS CHURCH ESSEX LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr B Roberts Mr P Prothero Mr M Collard Charlty number (England and Wales) 1151738 Company number 08472181 Reglstered offlce 61 Rouse Way Colchester Essex C012TT Indepondont examln•r John Caladlne FCCA CTA FCIE Caladlne Limlted Chantry Hous8 22 Upperton Road Eastbourne East Sussex BN21 1BF EQUIPPERS CHURCH ESSEX CONTENTS Page Trustees, report Independent examinerfs report ststement of finandal actlvltles statement of financial poslilon Notes to the financlal ststements 7-18 EQUIPPERS CHURCH ESSEX TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustee5 present their annual report and financial statements for the year ended 31 Decernber 2024. The financial statements have been prepared in accordance with the accounting policies sel out In note 1 to the financial statements and compty with the Church's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charlties preparing their accounts In accordance with the Financial Reportlng Standard applicable in the UK and Republic of Ireland (FRS 1021 (effective 1 January 20191" ObJactlve8 and actlvltles The purpose of Equippers Church Essex charitable company is to advance the Christian falth and to relieve suffering of those In need. Equippers Church is a vlbrant organisation. part of Acts Churches UK movement. Below Is a Ilst of our prlnciple activities.. - The provlslon of Christian events and educatlon Including Sunday Worshlp - Community impact Finanaal support Public benefit The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activitles the Church should undertake. Achlevements and pertornianco Significant activities and achievements 8gainst objectives The vision of the charity is 'to equip people for life through faith in Jesus Christ,. Thls Is done primarily through Chnstian events and education. Teaching on the Christian faith Is done both through regular Sunday meetings, onllné services and Connecl groups. Thes8 aclivilies are open to all, Thls year the church has grown slgnificantly, particularly wlth young adults and young families. We have seen many people find faith in Jesus Christ for the first lime and get baptised as a public declaration of their failh. Our gatherings are very diverse with people attending from many different backgrounds and cultures. Sunday Servlces Sunday gatherings comprise of worship, prayer. Bible teachlng and social time. As more young families are jolning the church, our children's ministry provision has grown rapldly. The invitational culture within the church is very strong, we see new visitors every slngle week. Onllne Servlces Our preaching from Sunday services Is made available online via YouTube and Facebook. This facility attracts people from all over the worfd and we regularly receive feedback saying that this 15 helpful and encouraging. We also find that people often watch messages before coming to the church in person. Connect Groups Teaching the Christlan faith 15 also done mid week through connect group. These are small groups of about 10 people that gather in peoples homes are on zoom. The gTOUPS have an interactive forrnat where people can discuss life, Share issues, support, encourage and pray for each other. EQUIPPERS CHURCH ESSEX TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Churches Together Equippers Church Essex is well integrated and stands in unity with other churches in Colchester. The Colchester churches together put on two events per year- the Free Family Fun Festival which creates a day out for families in the clty free of charge. This event has become very popular with many thousands of people attendlng. The Colchester churches also join together at Pentecost for an evening service which has become very successful. Community Impact As part of serving the community, we provlde pastoral support to the staff and guests of Beacon House the local charity SUPPOrting the homeless communlty. We work closely with St James School where we meet on Sundays. We help wlth fundraising, school fetes and supporting families In need. The church 'Love In Action. group meels regularly to discuss and plan ways where we can Serve the local community in practlGal ways. Thlngs we have done Include gardening, house clearance, painting and decorating, food shopping and spendlng time with lonely people. We have been able to buy Chrlstmas gffts for famllles In Colchester who would otherwlsa have gone without. Thls 15 just a snapshot of some of the things we have done as a church that rnake a difference to the cornmunity around us. Flnancial Support We continue to ffnancially support four charities.. Beacon House, IJM, Blue Print ForAII and Joseph's Store House. The church financially 8UPPOrt8 two children via Compassion. We have also been able to send money to support churthes around the world as they impact their local communities. Plans For thé Future Our mission and objectives will remaln the same. We plan to continue helplng people grow 8 personal relallonship wlth God and see the church grow nurnerfcally and in impacting the local community. Our strategy will continue to be meetlng In person on Sundays as well as offering online servlces, wlth small groups during the week. Financlal r•vlew The Church were able to report a growth in income In 2024 whlch resulted in 8 surplus after transfers of £19,732 (2023.. £17,772) on general fund opèratlons. ReseNes policy It is the policy of the Church thal unrestricted funds which have not been designated for a specific use should b8 maintained at a level equivalent to at least three months operaling expenditure calculated to be approxlmately £40.000. The Trustees consider that rese￿eS at this level will ensure Ihat. in the event of a significant drop in funding, they will be able to continue the Church's current activities while Gonsideratlon is given to ways in which additlonal funds may be raised. The unre51ricled reserves held at the end of the year were below this level and the trustees will monitor this. The designated Impact funds coul(J be used if required. Major risks The Trustees have assessed the major risks to which the Church Is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. structure, governance and management The Church is a company limlted by guarantee as defined by the Companies Acl 2006. The Church is govemed ty its Memorandum and Articles of Assoclation. EQUIPPERS CHURCH ESSEX TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 The TTUStee5. who are also the dlrectors for the purpose of Gompany law, and who served durlng the year and up to the date of signature of the financial statements were.. Mr B Roberts Mr P Proth8ro Mr M Collard Recruitment 8nd appointment of trustees None of the Trustees has any beneficial interest In the company. All of the Trustees are members of the company and guarantee to contribute £1 In the event of a wlndlng up. The Trustees, report was approved by the Board of Trustees. Mr8R Trustee berts 2110512025 EQUIPPERS CHURCH ESSEX INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EQUIPPERS CHURCH ESSEX I report to the Trustees on my examinalion of the financlal statements of Equippers Church Essex (the Church) for the year ended 31 Oecember 2024. Re6pon8lbllltles and basls of report As the Trustees of the Church {and also it5 directors for the purposes of company lawl, you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the financlal statements of the Church are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination. I report in respect of my examination of the Church's financial statements carried out under section 145 of the Charlties Act 2011. In carrying out my examinatlon I have followed the Dlrecllons given by the Charity Commission under section 145(5){b) of the Charities Act2011. Independènt examlnfrrfs statement I have completed my examinatlon. I confirm that no matter8 have come to my attention in connectlon wlth the examination giving me cause to believe Ihat in any material respect.. accountlng records were not kept In respect of the Church a8 requlred by section 386 of the Companies Act 2006. the financial statements do not accord wlth those records; or the financlal statements do nol comply wlth the accounting requirements of sectlon 396 of the Companles Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter consldered as part of an independent examinatlon; or the financial statement8 have not been Prepared in accordance with the methods and Principles of the statement af Recommended Practice for accounting and reporting by charllle5 applicable to charitles preparlng their financial statements In accordance wllh the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102). I have no concerns and have come across no other rnatters In connectlon with the examinatlon to which 8ttention should be drawn in thls report in order to enable a proper understanding of the financial statements to be reached. •IL John Cal4dln• FCCA CTA FCIE Caladine Limited Chantry House 22 Upperton Road Ea5tboume East Sussex BN21 18F Date= 2frJ EQUIPPERS CHURCH ESSEX STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestrlcted Restricted funds funds 2024 2024 Total Unrestricted Rostrlcted funds funds 2023 2023 Total 2024 2023 Note8 Income and •ndowments from: Donatlons and legaclès Investments Other Income 220,012 1,904 1,421 221,433 1,904 197,986 1,305 1,000 1.515 49 199,501 1.354 1,000 Total Income 221.916 1,421 223,337 200,291 1,564 201,855 Expondlture on: Charitable advities 201,584 1,442 203,026 179,583 3,851 183.434 Total axpondlture 201,584 1,442 203,026 179,583 3,851 183,434 Not Incom81{oxpendlture) 20,332 (21) 20,311 20,708 12,287) 18,421 Transfers between funds 17 (600) 600 (2,936) 2,936 Net movement In funds 19,732 579 20,311 17,772 18,421 Roconclllatlon ol funds: Fund balances at 1 January 2024 208,982 6,072 213,054 189,210 5,423 194,633 Fund balances at 31 DKomber 2024 226,714 6,651 233,365 206,982 6,072 213,054 The statement of financlal acllvlties Includes all gains and losses recognised in the year. All Income and expenditure derive from contlnulng activities. EQUIPPERS CHURCH ESSEX STATEMENT OF FINANCIAL POSITION AS Af 31 DECEMBER 2024 2024 2023 Not Flxed assets Propety. plant and equiprnent 13 2.949 6,919 Current assets Trade and other receivables Cash at bank and in hand 14 2,312 229,904 4,724 202,971 232,216 (1,800) 207,695 11,560) Current Ilabilltles 15 Net currnnt assets 230,416 206,135 Total •880ts I•s8 currnnt Ilabllltl•• 233,365 213,054 The fund• of th• Church Restricted income funds Unrestricted funds 17 18 6,651 226,714 6,072 206,982 233,365 213,054 The company is entided to the exemption from the audli requlrement contained in Section 477 of the Companles Act 2006, for the year ended 31 December 2024. The director acknowledges hls responsibilities for complylng with the requirements of the Companies Act 2006 wlth respect to accountlng record8 and the preparallon of finandal ststements. The members have not requlred Ihe company to obtaln an audft of Its financial statements for the year in question in accordance with section 476. These financi81 statements have been prepared In accordance with the provlsions appllcable to companles subject to the small companies reglme. The financial statefflents were approved by the Trustees on ..2.IA)512a25.... fv¢• Mr B Roberts Trustee Mr P Prothero Trustee Company registration number 08472181 (England and Wales) EQUIPPERS CHURCH ESSEX NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policie6 Company Inforniatlon Equippers Church Essex is a prlvate company limited by guarantee incorporated In England and Wales. The registered office Is 61 Rouse Way, Colchester, Essex, C012TT. 1.1 Accountlng convèntlon The financial statement5 have been prepared in accordance wlth the Church's Memorandum and Articles of Assoclation, the Companies Act 2006 and "Accovnting and Reportlng by Charilles.. Slatement of Recommended Practice applicable to charities preparing thelr accounts in accordance with the Financlal Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 2019)" The Church is a Publlc Beneflt Entity as defined by FRS 102. The Church has taken advantage of the provlsions in the SORP for charltles applying FRS 102 Update Bulletin 1 not to prepare a Stalement of Cash Flows. The financlal ststement8 a￿ prepared in slerllng, whlch Is the functional currency of the Church. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historlcal cost conventlon. The prlncipal accounting policles adopted are set out below. 1.2 Golng concern At the time of approving the ff nancial statements, Ihe Trustees have a reasonable expectatlon Ihat the Church has adequate resources to continue in operational existence for the foreseeable future. Thus the Tnjstees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charltable funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. Restricted funds are subject to specrfic conditlons by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the noles to the financial statements. 1.4 Income Income Is recognised when the Church Is legalty entitled to It after any performance condltions have been met, the amount5 can be measured reliably. and it Is probable thal income will be received. Cash donation5 are recognised on recelpt. Other donation5 are recognised once the Church has been notified of the donation. unless perfo￿nanCe conditions require deferral of the amount. Income tax recoverable in relation to donation5 received under Gift Aid or deeds of covenant is recognised at the time of the donallon. LegaGie5 are recognised on recelpt or otheThiise If the Church has been nottfied of an impending distribution, the amount is known, and receipl is expected. If the amount is not known, the legacy is treated as a contingent asset. 1.5 Expenditure Liabilities are recognised when a constructive obligation exlsts, the payment is probable and the obligation can be measured or estimated reliably. Resources expended are allocaled to the particular cost cenlre to which they relate and Include irrecoverable VAT. EQUIPPERS CHURCH ESSEX NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng policie5 IContlnu8d) 1.8 Property, plant and equipment Fixtures, Fittings and Equipment are Snitially measured at COSt and subsequently measured at cost or valuation, net of depreclatlon and any impairment losses. Depreciatlon is recognised so as to wrlte off the cost or valuation of assets less their resldual values over thelr useful live5 on the following basis: Fixtures, fittlngs and equipTnent 3 years Straight line The gain or loss arlslng on Ihe dlsposal of an asset 1$ dètermlned as the dlfference be￿een the sale proceeds and the carrying value of the asset, and Is recognised In the statement of financlal actlvitl8S. Assets costlng below £750 are not capitslised, 1.7 Impalnnent of non-curront a98et8 At each reporting end date, the Church revIeV￿ the carrying amount8 of its tangible assets lo determlne whether there Is any indicatlon that those assets have suffered an Impaiment loss. If any such indlcatlon exists, the recoverable amount of the asset is estimated in order to determine the extent of the irnpairment loss (If any). 1.8 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held al call with banks, Other ShOrt-te￿ liquid Investments with original maturitles of three months or less, and bank overdrafts. Bank overdrafts are Shown withln borrowings in current liabllltles. 1.9 Flnanclal instruments The Church has elected to apply the provisions of Section 11 '8asic Financlal Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised In the Church's balance Sheet wh8n the Church becomes party to the ntractual provisions of the instrument. Financial 85sets and liabililies are offset, with the net amounts presented in the financial statements, when Ihere is a legally enforceable rlghl to set off the recognised amounts and there Is an int8rillon to settle on a not basis or to realise the asset and settle the liabilty simultaneously. Basic financial assets Basic financial assets, whlch Include trade and other receivables and cash and bank balances, are Initially measured at transaction price including transaction costs and are subsequently rArried at amortised cost uslng the effecllve interest method unless the arrangement constitute5 8 financing transaction. where the transactiDn is measured 8t the present value of the future recelpts discounted at a market rate of interest. FinanGial 855ets classified as receivable wlthln one year are not amortlsed. EQUIPPERS CHURCH ESSEX NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng policies (Continued) Basic financial liabilities Baslc financial liabililies, including trade and other payables and bank loans are initialty recognised at transaction price unless the a￿angement constitutes a financing transaction, where the debl instrument is measured at the presenl value of the future payments discounted at a Ma￿et rate of Interest. Financial liabilities classified a5 payable withln one year are not amortised. Debt instruments are subsequentty ¢arrled at amortised cost, using the effectlve Interest rate method. Trade payables are obllgatlons to pay for goods or services that have been acqulred in the Ordinary Course of operations from suppllers. Amounts payable are classified as current liabilities if payment is due within one year or les5. If not. they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost Using the effective Interest method. Derecognition of financlal Ilabllltlos Financial liabilities are derecognised wh8n the Church's contractual obllgatlons explre or are discharged or cancelled. 1.10 Efflployèe beneflt8 The cost of any unused holiday entrtlement Is recognlsed in the period In whlch the employee's services are received. Temiinetion benefits are recognised immedialely as an expense when the Church 18 demonstrably committed to terminate the employment of an employee or to provide termination benefits. 1.11 Retlrement beneflts Payments to defined contribution Tetirement benefit schemes are charged as an expense as they fall due. crftlcal accounting estlmates and Judgements In the appllcation of the Church'8 accounting policies. the Trustees are requlred to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and assoclated assumptions are based on historical experience and other factors that are considered to be relevant, Actual results may differ from these estlmates. The estimales and undedying assumptions are reviewed on an ongoing basls. Revi51ons to accounting estimates are recognised in the period In which the estimate Is revised where the revision affect5 onw that pertod, or in the period of the revi51on and future periods where the revlsion affects both current and future perlods. EQUIPPERS CHURCH ESSEX NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from donatlons and legacles Unrestrfcted Restrlctsd funds funds 2024 2024 Total Unrestrlcted R08trlcted fundg funds 2023 2023 Total 2024 2023 Donations and glfts 220,012 1,421 221,433 197,986 1,515 199.501 Donatlons and g1ft8 Donations Glft Aid recovered Donations Impact Offerlngs 181,711 27,132 1,283 138 162,994 27,270 143,675 24,197 1,495 20 145.170 24,217 31,169 31.189 30,114 30.114 220,012 1.421 221,433 197,986 1.s15 199,501 Income from Investments Unrestrlctèd Re8trlcted funds funds 2024 2024 Total Unrnstrlcted Restrlcted fund8 funds 2023 2023 Total 2024 2023 Interest recelvable 1,904 1,904 1.305 49 1,354 Other Income Unrestrlcted Unrestrfcted funds lundg 2024 2023 Sundry Income 1,000 10- EQUIPPERS CHURCH ESSEX NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Expendltur• on charitable actlvltl?$ Charitable Activities Charitable Activities 2024 2023 Dlrect costs Staff costs Levy Impact offerlng other expenditure Small Items of equlpment annd consumables Church activlties Honorarium (guest ministrles) Travel, subsistence and accomodatlon Rental ofvenues and manse Books and blbles Miscellaneous Tralnlng Chlldrens work leader 45,524 3,340 16,202 5,017 25,408 7,157 3,879 38,600 43,356 2,892 3,661 2,500 10,388 2,508 14.123 36,480 I I 281 39 6,598 5,384 628 42 5,133 157,429 121.711 Grant funding of actlvltle5 (see note 7) 16,061 25,010 Share of 8UPPOrt and govemance costs (see note 8) Support Govemance 9,075 20,461 10,639 26,074 203,028 183,434 Analy$18 by fund Unrestricted funds Restricted funds 201.584 1,442 179,583 3,851 203,026 183,434 11 EQUIPPERS CHURCH ESSEX NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Grants payable Charltablè Actlvltles 2024 Charftable Activitles 2023 Grants to Instltutlons: Compassion IJM Equlppers NetWOTk Intem8tlonal Beacon House Vision for15rael Stephen Lawrence Charltable Fund Other Equlpper5 Equippers Surrey (Shout) Equlppers Surrey4onation towards UK conference 1,189 3,378 3,000 2,100 2,100 2,100 1,004 3.851 3,000 2,100 2,100 2,100 1.475 3,000 3.000 13,865 21,630 Grant5 to Individuals 2,1 3,380 16,081 25,010 12- EQUIPPERS CHURCH ESSEX NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Support costs allocated to activities 2024 2023 Depreciation Repalrs and maintenance Printing, postage and stationery Telephone and Int8met Governance costs 6,367 7,514 106 492 2,527 26,074 365 2,343 20,461 29,536 36,713 nal sed be￿een.. Charitable Activities 29,536 36,713 2024 2023 Governance cost8 compr18e: Independent examinatlon fees Accountancy Finance admlnistration lincludlng payroll) Other admlnlstration Bank charges Subscriptions, licences and membership8 Insurance 680 1,360 8.755 6,288 527 4,297 554 560 1,120 6,480 11,857 349 3,948 1,760 20,461 28,074 Net movement In fund8 2024 2023 The net movement in funds Is ststed after chargingl