2023-03-31-accounts

ELMWOOD CHURCH TRUSTEES ANNUAL REPORT AND ACCOUNTS YEAR ENDED 31 MARCH 2023

ELMWOOD CHURCH Trustees Report for the year ended 31 Marth 2023 References and Administrative Details Charity registration number 1156256 Registered Address." Elmwo¢xI Church 240 Ecdes Old Road. Salford M6 8AG Trustees The following were Tnjstees during the year Angela Hopper (Chair) Richard Bryce Richard Haworth {retired 20 June 2022) David Mccormick Paul Sanders Nicholas Stead Leadership Team Chris Mellor (Chair) Jill Baker Jim Budd David Dadzie (appointed 23 January 2023) Lisa Kwanashie David Mccormick (retired 20 June 2022) Mindy Reeves 8ankers HSBC 24 St Ann's Square Manchester M2 7HD Independent Examiners Dunhams Chartered Accountants 11 Warwick Road Manchester M160QQ

Trustees Report for year ended 31 March 2023 The Trustees present their report along with the financial statements of the Charity for the year ended 31 st March 2023. The financial statements have been prepared in accordance with the provisions of the Statement of Recommended Practice ISORP) 'Accounting and Reporting by Charits"es' in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 issued on 16th July 2014 Structure, Governance and Management Governing Document Elmwood Church is a Charitable Incorporated Organisation registered with the Charity Commission on 18th March 2014. It acquired the assets and liabilities of a previous unregistered charity of the same name on 1st April 2014 and began its activities on that date. Organisational Structure The Trustees ale legally responsible for the affairs of the chuich as set out in the church constitution and are account8ble to the Charity Commission. They provide oversight in all matters of church life. particularfy ensuring the church functions in accordanc£ with the Constitution, Statement of Faith and Members Handbook. Areas of accountability include, but are not limited lo, agreeing the mission and vision, financial oversight, employment of staff, health and safety matters, safeguarding of thildren and vulnerable adults and all other areas of legal complian The Trustees delegate responsibility for the spiritual ministry and day-lo-day running of the church to the Leadership Team. These are oudined in Elmwood's Members Handbook and include the day-to-day financial management. Members of the church are accepted accordance with the Constitution and the guidelines ol Ihe Members Handbook. Members meetings take pla￿ at least 4 times a year, including an Annual General Meeting. which are open to members and non-members. The members, meeting is the primary place forthe TNstees and Leadership Team to bring important issues and strategic decisions for discussion with the members. Appointment of Trustees The Trustees are appointed from those who are church members and who have the characteristics of a good church leader: are active in the church 2nd have the necessary spiritual and praclical experien￿. Nominations for Ttustees are brought to members meetings for approval by members only, in accordance with the Constitution and Members Handbook. Risk Management All major insurable risks are subject to normal church and employers. insurance. Contractual risks are reviewed before being entered into to assess that they could not significantly impact upon the Church's ability to fulfil its objectives. Risk Assessments are undertaken by staff and volunteers responsible for the area of auEhortty irkvolved. The Trustees undertake an annual review of all areas of risk. Safeguarding Appropriate DBS checks are made for all those who work urith children or adults at risk and a safeguarding team is in pla￿. along wilh relevant policies. There was one event of significance which required reporting.

Objectives and Activities The Objects of the charity are to advance the Christian faith in accordance with the Statement of Faith ir> such ways and in such parts of the United Kingdom or the wodd as the Trustees from lime to time may think fit. We aim to do this lo by growing deeper in devotion, closer in community and further in fruitrulness. Forthe period 1st April 2022- 31 March 2023 the Objects of the charity have been achieved by the following= Worship and Services In-person worship, prayer and bible teaching on Sundays is back lo pre-pandemic. Live Streaming via You Tube of the sermon only has continued for those not yet able to come to chat and for the wider on-line audience that has built up from the UK and beyond. We have noticed an increase in new people coming on Sundays, especially families. The Children's group regularly have 25- 30 children and the Youth Gioup has 30 plLJS members. Discipleship Life Groups are meeting in-person to study the bible, pray together and encA)urage one another in the Christian faith. There are opportunities for people to access their Life Group virtualty via Zoom as well. Prayer Regular corporate prayer events have been held once a month - both in-person and a Zoom group, to which all are welcome. Prayer support is available for those who request it. Pastoral Care Pastoral support is provided through the Staff Team. Volunteer5 and Lrfe Groups. Children & Young People Elmwood church caters for all ages frotn 0 - 18 years. Activities during Sunday Morning Serdice provide Christian teaching for children and young people trom 3- 18 years. Mid- week there are activities open to the local community including a thriving Toddler Group, a Mums and Baby group and clubs for Junior School children and Senior School young people. Elmwood Church employs an Early Years Manager and a Youth Worker to oversee this work. Outreach & Community. The church regularly runs courses for anyone who wants to find out more about the Christian faith. The church has a Café one moming a week. which is open to everyone and is well attended by the local community. This has become a vital link forthe community po81- pandemic. The church has conlinued to demonstrate Love-Where-U-Live -through regular litter picking in the local area. The premises is also being used regularfy for a Dernentia Café twice a month and for an indoor b0￿S group on Fridays. Wami Spaces was introduced in November 2022_ 1st April 2023 twce a week for the local community in light of the energy increase. It became clear that the bigger need was for people to have somewhere to go lo meel others and combat loneliness_ In view ofthis Café has been extended on Fridays Missions - UK & World Elmwood Church SLtpports a number of Christian organisations active in the UK and abroad.

Activities for the community Elmwood Actlvities Frequency Mums and Baby Group Tuesday mornings lerrrptime Toddlers Wednesday momings temi-time Friday evenings tenn-lime Frtday evenings tern-time Weeldy tem-time Age Numbers 8110 14 55 Junction 7-11 20 n-counter 11-14 20 Cafe 45 The Trustees have read the Chartiy Commission guidance on public benefit and is satisfied that the artivities outlined above clearfy demonstrate that the charity is providing a benefit to the public. Achievement and Performance Summary of tmain achievements in the year April 2022- March 2023 The Senior Leader. along with the Leadership Team and Trustees. have conlinued lo develop the vision for ElmWoC￿ to grow: Deeper in Devotion. Closer in Community and Further in Fruttfulness. The Staff Team has grown as part of the vision. Growing Deeper in Devotion Values Elmwood Leadership have identified six key Values which deS￿ibe how we want to be as a church in fulfilling our Vision.. Spirit Led, Courageous, Compassionate, Connected, Empowering, Joyful Services In-person services have resumed, and the majority of fellowship have retumed. Getting more and more people attending each week with new people coming along. Worship Plan to appoint a part-time Worship Team Leaderto develop the music team. (Part-lime appointment made 1, May 2023) Prayer Monthly prayer meetings online and a weekly Prayer Email to encourage prayer Pastoral Plan to appoint part-time Assistant Pastor (appoinlment made 301512023) Closer in Community Membership New people have started to come. and membership is steadily increasing. Life Groups There are twelve groups that meet regularly together but more leaders and groups are needed. Children and Young People Mums and Babies GroLJP and Toddlers is running regulady during tem) time and is proving very popular. The mid-week children's club re-slarted in September 2022 but had to be put on hold following an incident. (New Kids Club launched 51512023).

The Youth Group went on a weekend away Feb 2023. Joined in wth FestDJal Manchester @ Wythenshawe in July 2022. Friday youth club running regularly in lem lime with 15- 20 young people. Youlh & Children's Pastor moved to another wst. Part-time Youth Wort<er employed. Support A Hardship Fund is in place to help individuals in need as many faced job cuts and changes plus energy crisis_ Further in Fruitfulness 200/0 of the budget was disthbuted to mission and local charities. Warm Spaces set up 1 November 2022- 1 April 2023 twice a week including lunch, games, chat and hot drinks. Friday Moming Café continues to grow and is well attended by all ages from the local area. Using building to support local groups- Dementia Café, IT group, indoor bowling. Developing links with Lancaster House- a local nol-for-profil organisation providing support and housing for homeless young Tnen- and supporting where able. Supporting Early Essentials - a chatity which provides starter packs for VLJlner3ble mums and babies. Financial Review The principal source of fttnding is regular grfts to the church. mainly received from members and regular worshippers. The gifts have proved sufficient to pay the sa12ries of the church's employees, maintain the church owned building. pay servicelub.lity bills. and support vaiious activities undertaken by the church and support mission work. Total income for the year was £241,280 {2022- £235,875) and total expenditure was £242,44512022- £250,361). Reserves al 31st March 2023 amounted lo £2,776,798 {2022- £2,777,963) of which £11,044 12022 - £9,176) is restricted and £3,694 is designated (2022- £12.145) Reserves Policy The Trustees policy is to relain minimum cash_backed unrestricled reserves sufficient to meet the foreseeable needs of the Church_ This is estimated to be around £30,000. AI 31 March 2023, the charity had total unrestricted funds of £2.765.754 (2022 ~ £2,768,787) of which £55,42612022 - £56.032) was in cash or cash equivalents. This included £3.694 (2022 - £12.1451 of designated funds.

INDEPENDEKf EXAMINER'S REPORT TO THE TRUSTEES OF ELMWOOD CHURCH I report to charty trustees ￿ my examrwti)n ofthe acCO￿ts oflhe Ccthpany for tr year ended 31 March 2023. Responsibilitios and ba818 of ropcrt a(x¥)rdance with the re(•Jrements (rfthe Charilies Act 2011 (ts Ad). I tep￿rt in reS￿￿tt of my examinatim of the Chard￿S acAX)unts carrEd ¢xA under section 145 of the Ad a￿1 in carrying out my examinalton I have fo&)wed all the apphcable Directions given by the Charity CA)mmission under secti(m 1445Xb) of ts ACL Since the d)arity's gr(￿ income exceeded £250.1X)O yow examiner must be a member d a body IFSted in section 145 of the ACA. l (x)nfirn that l am qualrfied to U￿lertake the examination tcause l am a member of Irtstilute of awtered ACQ￿ntarts in E￿nd and Wa￿S whith is one of tr lisled t￿dIe& att￿tic￿ in connedion lh8 examination givffy rne ￿￿se to bef￿8 that in any malerMI respect aCC￿unting retMls *ere rw)t kepl in rewa ofthe charity as wulred by sectK)n 130 of the NLt. or th8 ac£ounts do not acc(xd w?th thLW recoftls." CY content of accourts set out ￿ the Ch¥ilies IAcGounts and Rerorts) RegU￿tIonS 2008 olher than ary requirement that the accA)unts give a Irue ar#Y fatr view is not a matter consNJered as part of an iTrlependent examina'on. examination to whith attention st•yJd be drawn li this rep(￿t in order to enable a proper Mr A Edwards ACA ACCA Institute of Chartered Acc(xmkn In E￿￿r￿1 ar￿ Wales l)unhams Chartered knuntants 11 Warwick Road Old Trafford Manctr￿ter M16 OQQ 21 June 2023

ELMWOOD CHURCH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2023 NOTE UhlRESTRKTED FUNDS RESTRICTED TOTAL FUNDS FUNDS TOTAL FUNDS 2023 2022 INCOME AND ENDOWMENTS FROM: Donations and legacies Charwtable activities 217.231 9.095 226.326 224,765 Grants Total incoming resources 232.185 9.095 241.280 235,875 EXPENDITURE ON: Charitable activities 234.588 630 7.227 241.815 249,731 630 630 Other Total resources expended 235 218 242 445 250 361 Net income (expenditure) (3.033) 1.868 {1.165) {14.486) RECONCILIATION OF FUNDS Total funds al 31 March 2022 2 768 787 9 176 2 777 963 Total funds at 31 March 2023 2 765 754 11 044 2776798 The notes on pages 10 to 14 form part of these aox)unls. There were no iecognised gains and losses other than those included in the income and expenditure account

ELMWOOD CHURCH BALANCE SHEET AT AS 31ST MARCH 2023 NOTE UNRESTRICTED RESTRICTED TOTAL FUNDS FUNDS FUNDS TOTAL FUNDS 2023 2022 FIXED ASSETS Tangible assets 11 2.710.328 0 2,710,328 2.712,908 CURRENT ASSETS Debtors 11,564 11,564 8,696 Cash at bank and in hand 62.859 11,044 73,903 73,780 Creditors: Amounts falling due within one year 10 NET CURRENT ASSETS 55,426 11,044 66,470 65,055 T17 NET ASSETS FUNDS Unrestricted 2,765,754 2,765,754 2,768,787 Restricted 12 TOTAL FUNDS 2 765 754 798 2Trt9 Approved by the Trustees and signed on their behalf by: 4< David Mccomiick Angela Hopper

ELMWOOD CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2023 Accounting Policies The principal accounling policies are summarized below. The accounting policies have been applied consistently throughout the year and Ihe preceding period. Basis of Accounting Those accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note{s) to these accounts. The accounts have been prepared in accordance wth the Statement of Recommended Practice". Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 issued on 16 July 2014 The presentational currency is pound sterling.. and Ihe accA)unts are rounded to the nearest pound. Recognition of income All incoming resources are included in the statemenl of financial activities when the charity is enlilled lo the income and the amount can be quantified with reasonable accuracy. Income from investments is included in the year in which it is received. Tax reclaims on donations received. Gift Aid re￿1vable is included in income when there is a valid declaration from the donor. Any Gtft Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless Ihe donor or the terms of the appeal have specified othe￿iSe. Resources expended Liabilities are recognised where it is more likely than not that there is a legal or constructive obligalion committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Charitable expenditure Comprises those costs incurred by the charlty in the delivery of its activities and services for its beneficiaries. It includes both costs that Can be allocated directly to such activities and those costs of an indirect nature necessary to support them. 1. Tangible Fixed Assets and depreciation Tangible fixed assets are ststed at cost less accumulated depreciation. Depiecialion is provided al rates calculated Io WTite off the cost residual value of each asset over its expected useful life. as follows.. Fixtures, Fittings & Equipment - 20°A reduang balance io

1. Donations and Legacies Unrestricted Restricted Totsl 2023 Total 2022 Donations - gift aided Donations- not gift aided Gift Aid tax recovered 121.750 4.201 125,951 4.000 68.549 138.671 48,687 34,115 64,549 30,932 824 31,756 Legacy 217 231 9 095 226 326 224 765
2. Income from charilable activities Unrestricted Restricted Total 2023 Total 2022 Early Years Groups Events & use of facilities 5,304 5.304 4.535 4,467 2.145 4,535 Other income
3. Grants Unrestricted Restrtcted Totsl 2023 Total 2022 HMRC- CJRS 1.836
4. Charitable activities costs Unrestricted Restrlcted Total 2023 Total 2022 Insurance, light & heat Catering & cleaning Repairs & renewals Premises costs 12.413 12.413 12,137 5,418 5,418 33.313 3,660 16,514 33,313 1.397 1,397 107,241 9,942 1.310 3.149 Salaries & staff costs 107.241 126,609 Youth & children's work 9,942 10,599 Speakers expenses IT costs 1.310 1.090 3.207 3,207 li

mis￿lIaneOuS 1.821 4,949 6,770 5,218 Rebranding Events 107 107 5,615 3.150 6,014 1.157 6,014 Music and worship Telephone, Offi￿ and ststionery Training Donations to mission organisations Depreciation Total 1,157 4,536 1,774 4.536 5,012 686 4,440 47.537 43,446 2,278 45,724 234 588 7227 241815 249 731 6. Support costs Unrestricted Restricted Totsl 2023 Totsl 2022 Independent examination 630 630 630 630 630 630 7. Staff costs 2023 2022 Salaries and wages Social Securty costs Employers NIC rebate Pension contributions Death in se￿ICe Reimbursed expenses 99.168 113,667 7,592 8,850 (5,000) (4,000) 4,310 5.466 103 143 107 241 126 609 No em ￿0y￿ received remuneration which would amourrt to more than £60,(hJ) in any one year. The average number of employees during the year was: Pastoral Youth & Children, work Administration & building maintenance 12

1. Transaction with T￿￿teeS None of the trustees have been paid any remuneration or received ary other beneffts from an employment with their charity or a ￿lated entity (2022- nil} No trustee expenses have been incurred (2022- nil)
2. Debtors 2023 2022 Gift Aid tax recoverable Prepayments Other debtors 3,026 3,704 8.228 310 4,909 83
3. Credrtors Accruals 4,801 1,678 954 6,493 2,232 Tax and Social Security Other creditors

4. Tangible Fixed Assets Freehold Fixtures. Property Fittings & Equipment 50,742 Total Cost at 1 April 2022 Additions 2,700.000 2,750,742 Disposals Cost at 31 March 2023 2 700 000 2 750 742 Depreciation at 1 April 2022 Charged for the year Total at 31 March 2023 37.834 34,606 Net Book Value at 1 April 2022 at 31 March 2023 2 712 908 2 700 000 2 710 328 13

5. Restricted Funds Brought forward Incoming Outgoing Carried forward Mission support Sound & Music 3,466 1.750 2,277 2,939 668 668 Building Hardship Internal Ministries 1,000 1,000 5,667 3,012 4.845 2.190 770 Name of restricted fund Description, nature and purpose of the fund$ Support of indiwduals and organisations working in the UK and elsewhere lo further Christian Failh and to support the needs of others Mission support Sound & Music Provision of sound and vision equipment for Elmwood Church Building Hardship Improvements to the building Provision of assistance lioth to the fellowship and to the ' wtder community Support of internal ministries of Elmwood Church Internal Ministries 14