Charity Charity No. No. : :[1152176] 1152176
Church Church[Lane] Lane Evangelical Evangelical Church Church (Charitable (Charitable Incorported Incorported Organisation) Organisation)
Financial Financial Statements Statements
For For the[the] year year ended ended 31st 31st December December 2024 2024
Church Church Lane Lane Evangelical[Evangelical] Church Church
Index Index to to the the[Financial] Financial Statements Statements
for for the the Year Year[Ended] Ended 31st 31st December December 2024 2024
| Page Page |
|
|---|---|
| Report of the Trustees Report ofthe Trustees |
1 1 |
| Report of the Independent Examiner Report ofthe Independent Examiner |
4 4 |
| Statement of Financial Activities Statement of Financial Activities |
5 5 |
| Balance Sheet Balance Sheet |
6 6 |
| Notes to the Financial Statements NotestotheFinancialStatements |
7-15 7-15 |
Church Church Lane Lane Evangelical Evangelical Church Church
Report Report[of the] of the Trustees Trustees for for the the year year ended ended 31 31 December December 2024 2024
‘
REFERENCE REFERENCE AND AND ADMINISTRATIVE ADMINISTRATIVE DETAILS DETAILS The The church's church's charitable charitable status status is is that that of of a a Charitable Charitable Incorporated Incorporated Organisation Organisation (CIO) (CIO) No. No. 1152176. 1152176.
The The Trustees Trustees present present their[their] report report with with the the financial financial statements statements of of the the charity charity for for the the year year ended ended 31 31 December December 2024. 2024.
The The financial[financial] statements statements comply comply with with the the Charities Charities Act Act 2011, 2011, the the charity's charity's governing governing document, document, and and Accounting Accounting and and Reporting Reporting by by Charities: Charities: Statement Statement of of Recommended Recommended Practice Practice applicable applicable to to charities charities preparing preparing their their accounts accounts in in accordance accordance with with the the Financial[Financial] Reporting Reporting Standard Standard applicable applicable[in] in the the UK UK and and Republic Republic of of Ireland Ireland (FRS (FRS 102) 102) (effective (effective 1 1 January January 2016). 2016).
Charity Charity Address: Address: Church Church Lane Lane Stafford Stafford Staffordshire Staffordshire ST16 ST16 2AW 2AW
Bankers: Bankers: Lloyds Lloyds Bank[Bank] 5 5 Market Market Square Square Stafford Stafford ST16 ST16 2JL 2JL Solicitors: Solicitors: Hand Hand Morgan Morgan Owen Owen 17 17 Martin Martin Street Street Stafford Stafford ST16 ST16 2LF 2LF
Trustees: Trustees: A A Medway Medway Chair Chair A A Cook Cook S S Kapfunde Kapfunde Elders Elders (Managing (Managing Trustees) Trustees) who who served served during during the the year: year: A A Cook Cook Chair Chair A A Medway Medway Secretary Secretary S S Harrison Harrison Pastor Pastor S S Kapfunde Kapfunde J J Morris Morris A A Summers Summers
The The property property in[in] Church Church Lane Lane is[is] held held by by the the CIO. CIO.
STRUCTURE, STRUCTURE, GOVERNANCE GOVERNANCE AND AND MANAGEMENT MANAGEMENT Governing Governing document document
The The charitable charitable status status of of the the Church Church is is that that of of a a Charitable Charitable Incorporated Incorporated Organisation Organisation (CIO). (CIO). This This is is governed governed in in accordance accordance with with its its constitution constitution dated dated 24 24 May May 2013 2013 using using the the foundation foundation model. model. The The trustees trustees of of the the CIO CIO have have delegated delegated the the day day to to day day running running of of the the organisation organisation to to the the Elders, Elders, who who meet meet on on a a monthly monthly basis. basis. The The current current Elders[Elders] include include some some[of] of the the trustees. trustees.
Risk Risk Management Management
The The Trustees Trustees have have a a duty duty to to identify[identify] and and review review the the risks risks to to which which the the charity charity is is exposed exposed and and to to ensure ensure appropriate appropriate controls controls are are[in] in place place to to provide provide assurance assurance against against fraud fraud and and error. error.
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Church Church Lane Lane[Evangelical] Evangelical Church Church Report Report[of] of the the Trustees Trustees (continued) (continued) for for the year the year ended ended 31 31 December December 2024 2024
OBJECTIVES OBJECTIVES AND AND[ACTIVITIES] ACTIVITIES The The objects[objects][of] of the the church, church,[in] in accordance accordance with with[Biblical] Biblical principles principles[and] and practice, practice, and[and] as as the the Trustees Trustees see see fit,[fit,] are are to[to] advance advance evangelical evangelical Christianity Christianity in in a a manner manner consistent consistent with with the the Christian Christian Scriptures. Scriptures. These These objects[objects] may may be be[pursued] pursued anywhere anywhere[in] in the the United United[Kingdom] Kingdom or or the[the][ world] world[at] at the[ the] discretion discretion[of] of[ the] the Trustees.[Trustees.] These These objects objects are are achieved achieved by by[providing] providing religious religious activities activities[and] and by[by] helping helping[to] to relieve relieve poverty poverty and[and] need.[need.][While] While these[these] activities activities are are for[for] everyone, everyone, the the church church looks[looks] to[to] support[support][ the] the most most[vulnerable] vulnerable in[in] our our community[community][and] and[focuses] focuses some some activities[activities][on] on children[children] and and young young people, people, and and on on[older] older people. people. The The[Church] Church[also] also looks[looks][to] to support support other other Christian Christian[organisations] organisations which which make[make][specific] specific contributions contributions in in advancing advancing evangelical evangelical Christianity. Christianity. The The church church provides provides[services] services[of] of open open public public worship worship[and] and[seeks] seeks[to] to use use[its] its buildings[buildings] in[in] ways ways which which benefit[benefit][the] the[community] community at[at] large. large. The The trustees trustees consider consider[that] that they they have have complied complied with with their their[duty] duty to[to] have[have] due[due] regard[regard][to] to the the guidance guidance on on public public[benefit] benefit published published[by] by the the[Charity] Charity Commission Commission[in] in exercising[exercising] their[ their] powers powers[or] or duties. duties.
ACHIEVEMENTS ACHIEVEMENTS AND AND PERFORMANCE PERFORMANCE
During During[2024,] 2024,[a] a number number of[of] people[people] across across a[a] range range of[of] ages ages[settled] settled with[with][the] the worship[worship][life] life of[of] the[ the] church.[church.] In[In][addition,] addition, a[a][number] number of[of] others others attended attended church church activities activities for[for][the] the first[first] time.[time.] A A team team of of women women in in the the church church started started to to work work on on a a series series of[of] social social evenings evenings[to] to[help] help develop[develop those] those opportunities.[opportunities.] The The church church continued continued to to employ employ a a full-time full-time[pastor,] pastor,[a] a part-time part-time administrator administrator[and] and[a] a part-time part-time cleaner.[cleaner.] Our Our[Pastor,] Pastor, Stephen, Stephen, was was supported[supported][to] to take take[the] the opportunity opportunity to[to] spend[spend] some some[time] time in[in] May[May][in] in Uganda,[Uganda,] helping[helping] with[with][the] the support[support] of of other other pastors, pastors, in in a a visit visit organised organised by by Mission Mission 24. 24. The The church church[website,] website, www.clec.org.uk www.clec.org.uk , , remained remained relevant relevant in in promoting promoting the the values values and and activities activities of of the the church. church. People People continue continue[to] to make make[their] their[ first] first[visit] visit to[to] the[the] church[church][because] because[of] of the[the] good[good] introduction[introduction][given] given by[by] the[the][ website.] website.[Recordings] Recordings of[of] church[ church] service service talks talks continue continue to to be be uploaded uploaded on on to to a a church church YouTube YouTube channel, channel, linked linked from from the the webpage. webpage.[The] The church church Privacy[Privacy][Notice] Notice and and Safeguarding Safeguarding Policy Policy are are published published on on the the website. website. Later Later[in] in the the year, year, the the church church[started] started to[to] consider consider some some changes[changes] to[to] publicity publicity and[and] signage[signage] to[to] promote promote[the] the name name — — Church Church Lane Lane EverybodVs Everybody's Church. Church. At At the the start[start] of[of] the the year, year, asylum asylum seekers,[seekers,] who who[had] had[been] been attending attending[church,] church, were were all[all] moved[moved] on on to[to] other[other] parts[parts] of[of] the[the] country.[country.] Many Many were were[able] able to[to] return[return] for[for] a[a][short] short reunion reunion in[in][April.] April. During During the[the] summer summer holidays, holidays,[a] a large[large][contingent] contingent of[of][the] the[families,] families,[ youth] youth[leaders] leaders[and] and young young people[people][took] took part[part][in] in the[the][locally] locally set[set] DTI DTI (Dreaming (Dreaming the the Impossible)[Impossible)] youth youth camp. camp. In In the the autumn, autumn, a a small small group group was was established established to to provide provide a a monthly monthly worship worship service service[at] at the the Meadowfields Meadowfields Care Care Home. Home. Root Root and and Branches[Branches] was was established established as as a[a] means means of[of] developing developing[fellowship] fellowship through[through][regular] regular[Bible-reading] Bible-reading and[and] prayer[prayer] in in small small groups. groups. With With many many initiatives initiatives and and activities activities and and with with the the regular regular worship-life worship-life and and prayer-life prayer-life[of] of the the church church[building] building people’s people's faith[faith] and and connection, connection, 2024 2024 was was a a year year when when adults adults and and teenagers teenagers were were[baptised,] baptised, and and also also young young children[children] were were dedicated dedicated to[to] the the church. church. Church Church Lane Lane provided provided a a proportion proportion[of] of its[its] funds funds[from] from[weekly] weekly collections collections[for] for Christian Christian organisations organisations[and] and[individual] individual[missionary] missionary workers workers —[—][including] including Mission Mission Aviation Aviation Fellowship Fellowship[and] and Fountains Fountains[Counselling.] Counselling. The The Church Church supports supports other other inter-church[inter-church][initiatives] initiatives[in] in the the town town — — such such as as The The Youth Youth Net, Net, House House of[of] Bread Bread and and[Stafford] Stafford Street[Street] Pastors. Pastors. The The Church Church also also provided provided some some funding funding for for the the youth[youth] group group[to] to be[be][able] able to[to][create] create a[a] new new space space[in] in the[the] upstairs[upstairs] room, room, with[with] some some new new furnishings, furnishings, equipment equipment and[and] the[the][painting] painting[of] of a[a] mural.[mural.]
2 2
Church Church Lane Lane Evangelical Evangelical Church Church Report Report of[of the] the Trustees Trustees (continued)[(continued)] for for the the year year ended ended 31 31 December December 2024 2024
The The Trustees Trustees are are very very grateful grateful[for] for the the work work of of the the other other[Elders] Elders and and the the church church members, members, who who all all serve serve and and give give of of their their time time and and resources resources to to support support one one another another and and be be a a Christian Christian witness witness in in their their communities. communities.
The The Trustees Trustees are are Alan Alan Medway Medway (Chair), (Chair), Andrew Andrew Cook, Cook, and and[Shingi] Shingi Kapfunde. Kapfunde.
FINANCIAL FINANCIAL REVIEW REVIEW
We We ended[ended] the[the] year year[with] with[a] a[surplus] surplus of[of][f5,941] £5,941 (2023:[(2023:][f4,419).] £4,419). Income Income has[has] increased increased in in[all] all areas, areas,[in] in particular[particular] regular regular giving. giving. Overall Overall expenditure expenditure has has also also increased increased from from the the previous previous year. year. The The largest largest increases increases were were seen seen in in property property expenditure, expenditure, with with increased increased maintenance, maintenance, replacements replacements of of equipment equipment and and in in light light and and heat heat costs. costs. There There were were also also increases increases to[to][both] both ministry ministry and and missionary missionary costs. costs. It It is is the the church's church's policy policy to to tithe tithe our our general general fund fund income income at at the the end end of of the the year year towards towards missionary missionary projects projects chosen chosen and and prayed prayed about about during the during the year. year. A A total total of of f8,160 £8,160 (2023: (2023: f £7,380) 7,380) was was sent. sent.
The The church’s church's policy policy on on holding holding financial financial reserves reserves is is to to enable enable a a sound sound financial[financial] base base[for] for future future years. years. As As all all the the income income[is] is voluntary, voluntary, there[there] is[is] no no certainty certainty[of] of income income levels levels from from year year to to year. year. Included Included within within the the current current reserves reserves are are designated[designated] funds[funds] for[for][both] both a[a] salary/running salary/running costs costs reserve reserve[of f8,500] of £8,500 (in[(in] order[order] to[to] ensure ensure these these costs costs could could be be paid paid for for at at least least 3 3 months), months), and and a a strategic/emergency strategic/emergency reserve reserve of of E15,000. £15,000. These These amounts amounts are are reviewed reviewed from from time time to to time. time.
It It is is the the church's church’s policy policy to to invest invest the the funds funds in in a a bank bank account account up up to to[the] the Financial[Financial] Services Services Compensation Compensation Scheme Scheme current current[limit] limit of[of] £85,000 f85,000 in in any any one one institution. institution. We We are are currently currently below below these these limits. limits.
Signed Signed on on behalf behalf of of the the Trustees Trustees
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A A Medway Medway - - Chair Chair
Date Date 16/03/25[16/03/25]
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Independent Independent Examiner's[Examiner's ] Report Report[to] to the[the] Members Members of[of] Church[Church][Lane] Lane Evangelical[Evangelical] Church[Church]
| I report report on on the the accounts accounts of of the church the church for for the the year year ended ended 31 31 December December 2024, 2024, which which are are set set out out on on pages pages 5[5] to to 15. 15.
Respective Respective[responsibilities] responsibilities[ of] of trustees trustees[and] and examiner[examiner] The The church's[church's] trustees, trustees, are are responsible responsible[for] for the[the] preparation preparation[of] of the[the][accounts.] accounts. The The church's church's trustees trustees consider consider[that] that an an audit[audit] is[is] not not required required for for this[this] year year (under (under s144(2)[s144(2)] of[of] the the Charities Charities Act Act 2011[2011][(the] (the[2011] 2011[Act)] Act)[and] and that[that] an an independent[independent] examination examination[is] is needed. needed. It It is is my my responsibility responsibility to: to: * * examine examine the the accounts accounts under under s145 s145 of of the the 2011 2011 Act, Act, * * to to follow follow the the procedures procedures laid laid down down in in the the General General Directions Directions given given by by the the Charity Charity Commission Commission (under (under[s145(5)(b)] s145(5)(b)[of] of[ the] the 2011[2011][Act),] Act),[and] and * * to to state state whether whether particular particular matters have matters have come come to to my my attention. attention.
Basis Basis[of] of independent independent examiner's examiner's report report
My My examination examination was was carried carried out out in in accordance accordance with[with] the the General General Directions Directions given given by by the the[Charity] Charity Commission. Commission. An An examination examination[includes] includes[a] a review review of[of] the[the] accounting accounting records[records][kept] kept[by] by the[the][charity] charity and[and][a] a comparison[comparison] of[of][the] the[accounts] accounts presented[presented] with with those those records. records. It It also also includes includes consideration consideration of of any any unusual unusual items items or or disclosures disclosures in in the the accounts, accounts, and and seeking seeking explanations explanations from[from] you you as as Trustees Trustees concerning concerning any any such[such] matters.[matters.][The] The[procedures undertaken] procedures undertaken[do] do not[not] provide[provide][ all] all the evidence[the][evidence] that that would would be be required required in in an an audit, audit, and and consequently consequently no no opinion opinion[is] is given[given] as as to to whether whether the the accounts accounts present[present] a[a] 'true 'true and[and][fair'] fair’ view view and and the the report report[is] is[limited to] limited to those those matters matters set set out[out] in[in] the the statement statement below.[below.]
Independent Independent examiner's examiner's statement[statement]
In In connection connection with with my my examination, examination, no no matter matter[has] has come come to[to] my my attention:[attention:]
(1) (1) which which gives gives me me reasonable reasonable cause cause to to believe believe that that in in any any material material respect respect the the requirements requirements * * to to keep keep accounting accounting records records in in accordance accordance with with s130 s130 of of the the 2011 2011 Act, Act, and and * * to to prepare prepare accounts accounts which which accord accord with the with the accounting records accounting records and and to to comply comply with with the the accounting accounting requirements requirements of[of][ the] the[2011] 2011 Act Act
have have not not been been met, met, or or (2) (2) to to which, which, in in my my opinion, opinion, attention attention should should be be drawn drawn[in] in order order to to enable enable a a proper proper understanding understanding[of] of the the accounts accounts to to[be] be reached. reached.
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Mr Mr T[T] Herriott Herriott[ACA] ACA BA[BA] Tim Tim Herriott Herriott[Enterprises] Enterprises 15 15 Briarsleigh[Briarsleigh] Stafford Stafford Stafforshire Stafforshire ST17 ST17 4QP 4QP Date: Date: it-l+l202$
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Church Church Lane Lane Evangelical Evangelical Church Church Statement Statement of[of] Financial Financial[Activities] Activities
for for[the] the Year Year Ended Ended[31st] 31st December December 2024 2024
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||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Unrestricted|Unrestricted|Restricted|Restricted|Total|Total|Total|Total|
|Funds|Funds|Funds|Funds|2024|2024|2023|2023|
|Note|Note|£|£|£|£|
|Income|Income|from:|from:|
|Donations|Donations|and|and|legacies|legacies|79,687|79,687|1,411|1,411|81,098|81,098|71,935|71,935|
|Charitable|Charitable|activities|activities|6,520|6,520|-|6,520|6,520|4,086|4,086|
|Investments|Investments|483|483|-|483|483|323|323|
|Total|Total|Income|[Income]|2|2|86,690|86,690|1,411|1,411|88,101|88,101|76,344|76,344|
|Expenditure|Expenditure|on:|on:|
|Charitable|Charitable|[Activities]|Activities|79,957|79,957|1,411|1,411|81,368|81,368|71,133|71,133|
|Other|Other|792|792|-|792|792|792|792|
|Total|Total Expenditure|Expenditure|3|3|80,749|80,749|1,411|1,411|82,160|82,160|71,925|71,925|
|Net|Net|Incoming|Incoming|Resources|Resources|5,941|5,941|-|5,941|5,941|4,419|4,419|
|Fund|Fund|Balances|Balances|brought|brought forward|forward|
|at|at|1st|1st|January|January|2024|2024|1,036,466|1,036,466|-|1,036,466|1,036,466|1,032,046|1,032,046|
|Transfers|Transfers|between|between|Funds|Funds|-|-|-|-|
|Fund|Fund|Balances|Balances|carried|carried forward|forward|
|at 31st|at|31st December|December|2024|2024|8&9|1,042,407|1,042,407|~|1,042,407|1,042,407|1,036,466|1,036,466|
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Church Church Lane Lane Evangelical[Evangelical] Church Church Balance Balance Sheet[Sheet] as as at[at] 31st 31st December December 2024 2024
| 2024 2024 |
2023 2023 |
||||||
|---|---|---|---|---|---|---|---|
| £ | £ | £ | £ | ||||
| Note Note |
|||||||
| Fixed Assets Fixed Assets |
|||||||
| Tangible Fixed Assets Tangible Fixed Assets |
4 4 |
995,992 995,992 |
995,992 995,992 |
||||
| Current Assets Current Assets |
|||||||
| Debtors Debtors |
5 5 |
4,889 4,889 |
3,717 3,717 |
||||
| Cash at bank and in hand Cash at bank and in hand |
6 6 |
53,350 53,350 |
48,476 48,476 |
||||
| 58,239 58,239 |
52,193 52,193 |
||||||
| Creditors Due Within One Year Creditors DueWithin OneYear |
7 7 |
11,824 11,824 |
11,719 11,719 |
||||
| Net Current Assets Net Current Assets |
46,415 46,415 |
40,474 40,474 |
|||||
| 10 10 |
1,042,407 1,042,407 |
1,036,466 1,036,466 |
|||||
| Accumulated Funds Accumulated Funds |
|||||||
| Unrestricted Funds Unrestricted Funds |
8 8 |
1,042,407 1,042,407 |
1,036,466 1,036,466 |
||||
| Restricted Funds Restricted Funds |
9 9 |
- | - | ||||
| Balance at 31st December2024 Balanceat31stDecember2024 |
1,042,407 1,042,407 |
1,036,466 1,036,466 |
The The[Financial] Financial statements statements were were approved approved[by] by the[the] Trustees[Trustees] on on[16/03/25] 16/03/25[and] and were were signed signed on on its its behalf behalf by by
A A Medway Medway - - Chair Chair
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Church Church Lane Lane Evangelical Evangelical Church Church Notes Notes[to] to the[the][Financial] Financial Statements Statements for for the[the] Year Year Ended Ended[31st] 31st December December 2024 2024
1. 1. Accounting Accounting Policies Policies Basis Basis of of accounting accounting
The The financial financial statements statements[have] have been been prepared prepared in in accordance accordance with with Accounting Accounting and and Reporting Reporting by by Charities: Charities: Statement Statement of[of] Recommended Recommended Practice Practice applicable applicable to to charities charities preparing preparing their their accounts accounts in in accordance accordance with with the the Financial Financial Reporting Standard Reporting Standard applicable applicable in[in] the the UK UK and and Republic Republic of of Ireland Ireland (FRS (FRS 102) 102) (effective (effective 1 1 January January 2016) 2016) - - (Charities (Charities SORP SORP (FRS[(FRS][102)),] 102)), Financial Financial Reporting Standard Reporting Standard 102 102[(FRS] (FRS[102)] 102) and and the the Charities Charities Act Act 2011. 2011. The The charity charity meets meets the the definition definition of of a a public public benefit benefit entity entity under under FRS FRS 102. 102. Assets Assets and and liabilities liabilities are are initially initially recognised recognised[at] at historical[historical][cost] cost or or transaction[transaction] value value unless[unless] otherwise otherwise[stated] stated in[in][the] the relevant relevant accounting accounting policy policy The The financial financial statements statements have have been been prepared prepared on on a a going going concern concern basis. basis. The The Trustees Trustees are are of of the the opinion opinion that that Church Church[is] is able[able] to to meet meet its[its] liabilities liabilities as as they they fall fall due due and and that that the going the going concern concern basis basis is is appropriate. appropriate.
The The accounts accounts have have been been prepared prepared under under the the historical historical[cost] cost convention convention as as modified modified to to include[include][the] the[freehold] freehold Grade Grade II[11] listed listed and and adjacent adjacent buildings buildings at at a a valuation. valuation.
Change Change in[in] basis basis There There have have been been no no changes changes to to the the accounting accounting policies policies during during the the year. year.
Property Property The The property property in[in] Church Church Lane Lane is is held held by by the the CIO. CIO.
Depreciation Depreciation
-
Depreciation Depreciation has[has] been[been] charged[charged] on on a a straight straight line line basis basis as as follows: follows:
-
e • Furniture Furniture & & Fixtures Fixtures - 10% • ¢ Computer Computer & & PA PA Equipment Equipment - 25% 25% Depreciation Depreciation[has] has not[not] been[been] charged charged on on freehold[freehold] property property as as any any depreciation depreciation[is] is considered considered immaterial. immaterial. Expenditure Expenditure under under E5,000 £5,000 is[is] not not normally normally capitalised. capitalised.
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Church Church Lane Lane Evangelical[Evangelical] Church Church Notes Notes to[to] the[the] Financial[Financial][ Statements] Statements (continued)[(continued)] for for the Year the Year[Ended] Ended[31st] 31st December December 2023 2023
Fund Fund Accounting Accounting Funds Funds[held] held by by the[the] Church Church are are either: either: Unrestricted Unrestricted Funds[Funds] - - funds funds which which can can[be] be[used] used[in] in accordance accordance with with[the] the Church's[Church's] objects[objects] at[at] the[the] discretion[discretion] of of the the Elders. Elders. Designated Designated Funds[Funds] - - funds funds set set[aside] aside out[out][of] of general general funds funds[for] for specific specific purposes. purposes. Restricted Restricted Funds Funds - - funds funds that[that] can can[only] only[be] be[used] used for[for] particular particular purposes purposes[within] within the[the][objects] objects[of the] of the[church.] church. Restrictions Restrictions[arise] arise when when specified specified[by] by the[the] donor[donor] or[or] when[when][ funds] funds are are[raised] raised[for] for[particular] particular purposes. purposes. Income Income All All income income[is] is recognised recognised once once the[the] church church has[has] entitlement entitlement[to] to the[the] income, income,[it] it is[is] probable probable[ that] that the[the] income income will[will] be be[received] received and and the[the] amount amount of[of] income income[receivable] receivable can can be[be] measured measured reliably. reliably.
Expenditure Expenditure Expenditure Expenditure[is] is recognised recognised once once there there is[is][a] a[legal] legal or or constructive[constructive][obligation] obligation[to] to make[make] a[a] payment payment to[to] a[a] third[third] party,[party,] it it is is probable probable that that settlement settlement will will be be required required and and the the amount amount[of the] of the obligation obligation can can be be measured measured reliably. reliably. Expenditure Expenditure is[is][classified] classified[under] under the[the][following] following[activity] activity[headings:] headings: Expenditure Expenditure on on charitable charitable[activities] activities includes includes the[the] costs[costs] of[of][ ministry, training,] ministry, training, church[church][activities,] activities,[mission,] mission, administration, administration, and and property. property. Other Other expenditure expenditure represents represents those those items items[not] not[classifed] classifed as as relating relating[to] to charitable charitable activities. activities.
Inter-Church Inter-Church Group Group Consolidation Consolidation Where Where one one church church group group donates[donates] to[to][another,] another, the[the] income income[and] and[expenditure] expenditure[is] is eliminated[eliminated][from] from each[each][balance] balance and and is is classed classed as as a a transferto transfer to the[the] other. other.[(See] (See notes notes[8] 8 and[and][9).] 9).
Taxation Taxation The The church church[is] is exempt exempt from from tax tax on on its[its] charitable charitable activities. activities.
Pension Pension[costs] costs The The church church operates operates a a defined defined[contribution] contribution pension pension scheme.[scheme.] Since Since October October 2016 2016 we we have have had had to to also also comply comply with with the[the] Auto Auto[Enrolment] Enrolment regulations regulations[set] set[out] out[by] by The[ The][Pensions] Pensions Regulator.[Regulator.] Contributions[Contributions] paid[paid][are] are charged charged to to the[the] Statement Statement[of] of Financial Financial Activities Activities[in] in[the] the period[period] to[to] which[which] they they[relate.] relate.
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Church Church Lane Lane Evangelical Evangelical Church Church Notes Notes to[to] the[the][Financial] Financial Statements Statements (continued)[(continued)] for for the the Year Year Ended Ended 31st 31st December December 2024 2024
| Unrestricted Unrestricted |
Restricted Restricted |
Restricted Restricted |
Total Total |
Total Total |
||
|---|---|---|---|---|---|---|
| 2. 2. |
Income from: Income from: |
Funds Funds |
Funds Funds |
2024 2024 |
2023 2023 |
|
| £ | £ | £ | £ | |||
| Donations and legacies Donations and legacies |
||||||
| - Gift Aided Collections - Gift Aided Collections |
52,074 52,074 |
- | 52,074 52,074 |
51,684 51,684 |
||
| - Non-Gift Aided Collections - Non-Gift Aided Collections |
12,460 12,460 |
- | 12,460 12,460 |
6,381 6,381 |
||
| - Donations - Donations |
500 500 |
1,411 1,411 |
1,911 1,911 |
700 700 |
||
| - Gift Aid Taxrefunds - Gift Aid Tax refunds |
13,654 13,654 |
- | 13,654 13,654 |
13,169 13,169 |
||
| - Legacies - Legacies |
1,000 1,000 |
- | 1,000 1,000 |
- | ||
| 79,687 79,687 |
1,411 1,411 |
81,098 81,098 |
71,935 71,935 |
|||
| Charitable activities Charitable activities |
||||||
| - Donations for use of hall - Donations for use of hall |
703 703 |
- | 703 703 |
500 500 |
||
| - Dreamingthe Impossible - Dreaming the Impossible |
1,597 1,597 |
- | 1,597 1,597 |
- | ||
| - Active Groups - Active Groups |
1,541 1,541 |
- | 1,541 1,541 |
1,088 1,088 |
||
| - Acorns - Acorns |
2,679 2,679 |
- | 2,679 2,679 |
2,498 2,498 |
||
| 6,520 6,520 |
- | 6,520 6,520 |
4,086 4,086 |
|||
| Investments Investments |
||||||
| - Gross Interest Received - Gross Interest Received |
483 483 |
- | 483 483 |
323 323 |
||
| Total Total |
Income Income |
86,690 86,690 |
1,411 1,411 |
88,101 88,101 |
76,344 76,344 |
9 9
Church Church Lane Lane Evangelical Evangelical Church Church Notes Notes to to the[the][Financial] Financial Statements Statements (continued)[(continued)] for for the the Year Year Ended Ended 31st 31st December December 2024 2024
| Unrestricted Unrestricted |
Restricted Restricted |
Total Total |
Total Total |
|
|---|---|---|---|---|
| 3. Expenditure on: 3. Expenditure on: |
Funds Funds |
Funds Funds |
2024 2024 |
2023 2023 |
| ne | ne | ee | ne | |
| Charitable Activities Charitable Activities |
||||
| Ministry Ministry |
||||
| - Gross Salary - Gross Salary |
36,108 36,108 |
- | 36,108 36,108 |
34,974 34,974 |
| - Pension - Pension |
896 896 |
- | 896 896 |
862 862 |
| - Ministerial Allowances - Ministerial Allowances |
149 149 |
- | 149 149 |
481 481 |
| - Travel - Travel |
292 292 |
- | 292 292 |
234 234 |
| - Telephone -Telephone |
213 213 |
- | 213 213 |
182 182 |
| OtherMinistry/Training Other Ministry/Training |
||||
| - Visiting Speakers -Visiting Speakers |
55 55 |
- | 55 55 |
250 250 |
| - Training & Resources -Training & Resources |
216 216 |
- | 216 216 |
253 253 |
| - Going for God/ Resonate - Going forGod/ Resonate |
61 61 |
- | 61 61 |
13 13 |
| - DTI - DTI |
2,062 2,062 |
- | 2,062 2,062 |
435 435 |
| Church Activities Church Activities |
||||
| - Communion Expenses -Communion Expenses |
15 15 |
- | 15 15 |
18 18 |
| - Active Groups - Active Groups |
86 86 |
- | 86 86 |
295 295 |
| - Acorns - Acorns |
1,505 1,505 |
- | 1,505 1,505 |
1,375 1,375 |
| Administration Administration |
||||
| - Gross Salary - Gross Salary |
3,664 3,664 |
- | 3,664 3,664 |
3,341 3,341 |
| - Office Running expenses - Office Running expenses |
148 148 |
- | 148 148 |
127 127 |
| - Telephone -Telephone |
320 320 |
- | 320 320 |
558 558 |
| Mission Mission |
||||
| - Missionaries/Societies - Missionaries/Societies |
8,160 8,160 |
1,411 1,411 |
9,571 9,571 |
7,380 7,380 |
| 53,949 53,949 |
2,822 2,822 |
56,770 56,770 |
50,778 50,778 |
10 10
Church Church Lane Lane Evangelical Evangelical Church Church Notes Notes to to the[the] Financial[Financial] Statements Statements[(continued)] (continued) for for the the Year Year Ended Ended 31st 31st December December 2024 2024
| Unrestricted Unrestricted |
Restricted Restricted |
Total Total |
Total Total |
|
|---|---|---|---|---|
| Funds Funds |
Funds Funds |
2024 2024 |
2023 2023 |
|
| £ | £ | £ | £ | |
| Charitable Activities Continued Charitable Activities Continued |
||||
| brought forward brought forward |
53,949 53,949 |
1,411 1,411 |
55,360 55,360 |
50,778 50,778 |
| Property Property |
||||
| - Light & Heat - Light & Heat |
6,962 6,962 |
- | 6,962 6,962 |
5,648 5,648 |
| - Insurance - Insurance |
2,111 2,111 |
- | 2,111 2,111 |
1,978 1,978 |
| - Building Maintenance - Building Maintenance |
6,290 6,290 |
- | 6,290 6,290 |
- |
| - Repairs & Renewals - Repairs & Renewals |
734 734 |
- | 734 734 |
222 222 |
| - Equipment Maintenance - Equipment Maintenance |
85 85 |
- | 85 85 |
726 726 |
| - Cleaning & Other Expenses - Cleaning & Other Expenses |
3,850 3,850 |
- | 3,850 3,850 |
3,931 3,931 |
| - Minor Fixtures & Equipment - Minor Fixtures & Equipment |
4,666 4,666 |
- | 4,666 4,666 |
855 855 |
| Sundries Sundries |
||||
| Refreshments& Catering - Refreshments& Catering |
321 321 |
- | 321 321 |
244 244 |
| - Copyright Licence - Copyright Licence |
85 85 |
- | 85 85 |
375 375 |
| - Computer/Tech Expenses - Computer/Tech Expenses |
408 408 |
- | 408 408 |
640 640 |
| - Subscriptions - Subscriptions |
242 242 |
- | 242 242 |
213 213 |
| - Sundries - Sundries |
255 255 |
- | 255 255 |
5,524 5,524 |
| Total Charitable Activities Total Charitable Activities |
79,957 79,957 |
1,411 1,411 |
81,368 81,368 |
71,133 71,133 |
| Other Other |
||||
| - Bank Charges - Bank Charges |
142 142 |
- | 142 142 |
157 157 |
| - Independent Examination - Independent Examination |
650 650 |
- | 650 650 |
635 635 |
| Total Other Total Other |
792 792 |
- | 792 792 |
792 792 |
| Total Expenditure TotalExpenditure |
80,749 80,749 |
1,411 1,411 |
82,160 82,160 |
71,925 71,925 |
11 11
Church Church Lane Lane Evangelical[Evangelical] Church Church Notes Notes to[to] the[the][Financial] Financial Statements Statements[(continued)] (continued) for for the[the] Year Year Ended[Ended] 31st[31st] December December 2024 2024
4. 4. Tangible Tangible Fixed[Fixed] Assets Assets
| Computer& Computer& |
||||
|---|---|---|---|---|
| Freehold Freehold |
Furniture & Furniture& |
PA PA |
||
| Property Property |
Fixtures Fixtures |
Equipment Equipment |
Total Total |
|
| £ | £ | |||
| Cost or Valuation Cost or Valuation |
||||
| At 1stJanuary 2024 At 1stJanuary 2024 |
995,992 995,992 |
19,335 19,335 |
10,471 10,471 |
1,025,798 |
| Additions Additions |
- | - | - | - |
| At 31st December 2024 At 31st December 2024 |
995,992 995,992 |
19,335 19,335 |
10,471 10,471 |
1,025,798 1,025,798 |
| Depreciation Depreciation |
||||
| At 1st January 2024 At 1stJanuary 2024 |
- | 19,335 19,335 |
10,471 10,471 |
29,806 29,806 |
| Charge for the year Charge forthe year |
- | - | - | - |
| At 31st December 2024 At 31st December 2024 |
- | 19,335 19,335 |
10,471 10,471 |
29,806 29,806 |
| Net Book Value Net Book Value |
||||
| At 31st December2024 At 31st December2024 |
995,992 995,992 |
- | - | 995,992 995,992 |
| At 31st December 2023 At31stDecember2023 |
995,992 995,992 |
- | - | 995,992 995,992 |
5. 5. Debtors Debtors
| 2024 2024 |
2023 2023 |
||
|---|---|---|---|
| £ | ne | ||
| Accrued Income Accrued Income |
- Gift Aid Tax - Gift Aid Tax |
3,637 3,637 |
3,030 3,030 |
| Prepayments Prepayments |
1,252 1,252 |
687 687 |
|
| 4,889 4,889 |
3,717 3,717 |
12 12
Church Church Lane Lane Evangelical Evangelical Church Church Notes Notes to[to][the] the[Financial] Financial Statements Statements (continued) (continued) for for the[the] Year Year Ended Ended 31st[31st] December December 2024 2024
6. 6. Cash Cash at at bank bank and and in[in] hand hand
| 2024 2024 |
2024 2024 |
2023 2023 |
2023 2023 |
|
|---|---|---|---|---|
| £ | £ | |||
| Lloyds Bank Plc Current Account Lloyds Bank Plc Current Account |
7,451 7,451 |
4,689 4,689 |
||
| Lloyds Bank Plc DepositAccount Lloyds Bank Plc Deposit Account |
42,312 42,312 |
41,630 41,630 |
||
| Day/Morning For Retired Account Day/Morning For Retired Account |
1,613 1,613 |
758 758 |
||
| Acorns Account Acorns Account |
1,959 1,959 |
1,385 1,385 |
||
| Youth Club Float Youth Club Float |
15 15 |
15 15 |
||
| 53,350 53,350 |
48,476 48,476 |
7. 7. Creditors Creditors Due Due Within Within One One Year Year
| 2024 2024 |
2024 2024 |
2023 2023 |
2023 2023 |
|
|---|---|---|---|---|
| £ | £ | |||
| Creditorsfor Goods and Services Creditors forGoods and Services |
951 951 |
1,117 1,117 |
||
| Other Creditors Other Creditors |
381 381 |
638 638 |
||
| Social Security & Other Taxes Social Security& OtherTaxes |
1,682 1,682 |
1,819 1,819 |
||
| Accruals and Deferred Income Accrualsand Deferred Income |
8,810 8,810 |
8,145 8,145 |
||
| 11,824 11,824 |
11,719 11,719 |
13 13
Church Church Lane Lane Evangelical Evangelical Church Church Notes Notes to to the[the] Financial Financial Statements Statements (continued) (continued) for for the[the] Year Year Ended[Ended] 31st[31st] December December 2024[2024]
8. 8. Movement Movement in in Funds Funds - - Unrestricted Unrestricted Funds Funds
| Balance at Balance at |
Incoming Incoming |
Resources Resources |
Balance at Balance at |
||||
|---|---|---|---|---|---|---|---|
| 01.01.24 01.01.24 |
Resources Resources |
Expended Expended |
Transfers Transfers |
31.12.24 31.12.24 |
|||
| £ | £ | £ | £ | £ | |||
| General Fund General Fund |
1,010,808 | 82,470 82,470 |
(79,158) (79,158) |
1,200 1,200 |
1,015,320 | ||
| Designated Designated |
- Salary/running costs Reserve -Salary/running costs Reserve |
8,500 8,500 |
- | - | - | 8,500 8,500 |
|
| Designated Designated |
- Strategic/emergencyReserve -Strategic/emergency Reserve |
15,000 15,000 |
a | - | - | 15,000 15,000 |
|
| Designated Designated |
- ActiveGroups - Active Groups |
758 758 |
1,541 1,541 |
(86) (86) |
(600) (600) |
1,613 1,613 |
|
| Designated Designated |
- Youth Work Fund -Youth Work Fund |
15 15 |
- | - | - | 15 15 |
|
| Designated Designated |
- Acorns Fund - Acorns Fund |
1,385 1,385 |
2,679 2,679 |
(1,505) (1,505) |
(600) (600) |
1,959 1,959 |
|
| 1,036,466 1,036,466 |
86,690 86,690 |
(80,749) (80,749) |
- | 1,042,407 1,042,407 |
|||
| Balance at Balance at |
Incoming Incoming |
Resources Resources |
Balance at Balance at |
||||
| Comparative year Comparative year |
01.01.23 01.01.23 |
Resources Resources |
Expended Expended |
Transfers Transfers |
31.12.23 31.12.23 |
||
| £ | £ | £ | £ | £ | |||
| General Fund General Fund |
1,006,705 | 72,758 72,758 |
(70,255) (70,255) |
1,600 1,600 |
1,010,808 | ||
| Designated Designated |
- Salary/running costs Reserve -Salary/running costs Reserve |
8,500 8,500 |
a | - | - | 8,500 8,500 |
|
| Designated Designated |
- Strategic/emergency Reserve - Strategic/emergency Reserve |
15,000 15,000 |
“ | - | - | 15,000 15,000 |
|
| Designated Designated |
- Active Groups -ActiveGroups |
965 965 |
1,088 1,088 |
(295) (295) |
(1,000) (1,000) |
758 758 |
|
| Designated Designated |
- Youth Work Fund - YouthWork Fund |
15 15 |
- | - | - | 15 15 |
|
| Designated Designated |
- Acorns Fund -Acorns Fund |
862 862 |
2,498 2,498 |
(1,375) (1,375) |
(600) (600) |
1,385 1,385 |
|
| 1,032,046 1,032,046 |
76,344 76,344 |
(71,925) (71,925) |
- | 1,036,466 1,036,466 |
Church Church Lane Lane Evangelical Evangelical Church Church Notes Notes to to the[the] Financial[Financial] Statements Statements[(continued)] (continued) for for the the Year Year Ended Ended 31st 31st December December 2024 2024
10. 10. Analysis Analysis of[of] Net Net Assets Assets Between Between[Funds] Funds
| Unrestricted Unrestricted |
Restricted Restricted |
||||
|---|---|---|---|---|---|
| Y/e 31/12/24 Y/e 31/12/24 |
Funds Funds |
Funds Funds |
Total Funds Total Funds |
||
| £ | £ | £ | |||
| Tangible Fixed Assets Tangible Fixed Assets |
995,992 995,992 |
- | 995,992 995,992 |
||
| Current Assets Current Assets |
58,239 58,239 |
- | 58,239 58,239 |
||
| Creditors due within one year Creditorsdue within one year |
(11,824) (11,824) |
- | (11,824) (11,824) |
||
| Total Net Assets Total Net Assets |
1,042,407 | - | 1,042,407 1,042,407 |
||
| Unrestricted Unrestricted |
Restricted Restricted |
||||
| Y/e 31/12/23 Y/e 31/12/23 |
Funds Funds |
Funds Funds |
Total Funds Total Funds |
||
| £ | £ | £ | |||
| Tangible Fixed Assets Tangible Fixed Assets |
995,992 995,992 |
- | 995,992 995,992 |
||
| Current Assets Current Assets |
52,193 52,193 |
- | 52,193 52,193 |
||
| Creditors due within one year Creditors due within one year |
(11,719) (11,719) |
- | (11,719) (11,719) |
||
| Total Net Assets Total Net Assets |
1,036,466 1,036,466 |
- | 1,036,466 1,036,466 |
||
| 11. 11. |
Emoluments of Employees Emoluments ofEmployees |
||||
| 2024 2024 |
2023 2023 |
||||
| £ | £ | ||||
| Salary& Wages Salary& Wages |
43,262 43,262 |
41,495 41,495 |
|||
| Social Security costs Social Security costs |
~ | - | |||
| Pension Costs Pension Costs |
896 896 |
862 862 |
|||
| 44,158 44,158 |
42,356 42,356 |
The The employers employers[social] social security security costs costs were were covered covered[by] by the the Employment Allowance. Employment Allowance.
The The average average monthly monthly number number of[of] employees employees during during the the year year were were as as follows:[follows:-]
| 2024 2024 |
2023 2023 |
|
|---|---|---|
| Pastor Pastor |
1 at |
1 t |
| Administration Administration |
1 if |
1 1 |
| Cleaner Cleaner |
1 1 |
1 1 |
| 3 3 |
3 3 |
There There were were no no employees employees whose whose emoluments emoluments exceeded exceeded[E60,OOO] £60,000[either] either this this year year or or last last year. year.
12. 12. Trustees Trustees and and other[other] Related Related[Parties] Parties
There There were were no no expenses expenses claimed claimed related[related] to to being being a a trustee. trustee.
15 15