2024-03-31-accounts

ELMWOOD CHURCH TRUSTEES ANNUAL REPORT AND ACCOUNTS YEAR ENDED 31 MARCH 2024

ELMWOOD CHURCH Trustees Report for the year ended 31 March 2024 References and Administrative Detalls Charity registration number 1156256 Registered Address: Elmwood Church 240 Eccles Old Road. Salford M6 8AG Trustees The following were Trustees during the year Angela Hopper (resigned 30 October 2023) Richard Bryce David Mcconnick {Chair) Daniel Nowland (appointed 26 June 2023) Paul Sanders Nicholas Stead (resigned 26 June 2023) Leadership Team Chris Mellor (Chair> Jill Baker Jim Budd David Dadzie Lisa Kwanashie Mindy Reeves Daniel Castro Bankers HSBC 24 St Ann's Square Manchester M2 7HD Independent Examlners Dunhams Chartered Accountants 11 Warwick Road Manchester M160QQ

Trustses Report for year ended 31 March 2024 The Trustees present their report along with the financial ststements of the Charity for the year ended 31 st March 2024. The financial statements have been prepared in accordance with the provisions of the Statement of Recommended Practice {SORP} 'Accounting and Reporting by Charities, in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16th July 2014 structure, Governance and Management Governing Document Elrnwood Church is a Charitable Incorporated Organisation registered with the Charity Comrnission on 18th Pdaich 2014. It acquiied the assets and liabilities of a previous unregistered charity of the same name on 1 st April 2014 and began its activities on that date. Organisational Structure The Trustees are legally responsible for the affairs of the church as set out in the church constitution and are accountable to the Charty Commission. They provide oversight in all matters of church life, particularly ensuring the church functions in accordance with the Constitution. Statement of Faith and Members Handbook. Areas of accountability include, but are not limited to. agreeing the mission and vision, financial oversigh( employment of staff, health and safety matters, safeguarding of children and vulnerable adults and all other areas of legal compliance. The Trustees delegate responsibility for the spiritual ministry and day-to-day running of the church to the Leadership Team. These are outlined in Elmwood's Members Handbook and include the day-tfrday financial management. Members of the church are accepted in accordance with the Constitution and the guidelines of the Members Handbook. Members meetings tske 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 for the Trustees 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 and have the ne￿sSary spiritual and practical experience. Nominations for Trustees ale brought to members meetings for approval by mernbers only. in accordance with the Constitution and Members Handt)ook. Risk Management All major insurable risks are subject to norrnal church and employers, insuran￿. 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 foi the area of authority involved. The Trustees undertake an annual review of all areas of risk. Safeguarding Appropriate DBS checks are made for all those who work with children or adults at risk and a safeguarding team is in place, along with relevant policies. There were no evenls of significance which required reporting.

Objectlves and Activities The Objects of the charity are to advance the Christian faith in aGcordance with the Statement of Faith in such ways and in such parts of the United Kingdom or the world as the Trustees from tirne to time may Ihink fft. We aim to do this to by growing deeper in devotion, closer in community and further in fruitfulness. For the perlod 19t April 2023 - 31st March 2024 the Objects of the charity have been achleved by the following: Worshlp and Servlces In-person worship. prayer and bible teaching on Sundays is back to 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 b8yond. We have continued to see an increase in new people coming on Sundays, especially families. Disclpleship Life Groups are meeting in-person to study the bible, pray together and encourage one another in the Christian faith. There are opportunities for people to access their Life Group virtually 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 requesl it. Pastoral Care Pastoral support is provided through the Staff Team, Volunteers and Life Groups. Chlldren & Young People Elmwood church caters for all ages from O- 18 years. Activities during Sunday Moming Service provide Christian teaching for children and young people from 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 & Communlty. The church regularly runs courses for anyone who wants to find out more about the Christian faith. The church has a café one morning a week, which is open to everyone and is well attended by the local community. This has become a vital link for the community post- pandemic. A Baby Signing group and indoor kurling group meet on Fridays. The premises is also being used regularly for a Dementia Café twice a month. Misslons - UK & World Elmwood Church supports a number of Christian organisations active in the UK and abroad.

Activities for the community Elmwood Actlvltles Frequency Mums and Baby Group Tuesday mornings term-time Toddlers Wednesday momings tenn-time Friday evenings term-time Friday evenings tenn-time Weekly te￿n-time Age Numbers 14 65 Kids Club 7-11 25 n:counter 11-14 20 Cafe 60 The Trustees have read the Charity Commission guidance on public benefit and is satisfied that the activities outlined above clearly demonstrate that the charity is providing a benefit to the public. Achlevement and Performance Summary of main achievements in the year April 2023 - March 2024 The Senior Leader, along with the Leadership Team and Trustees. have continued to develop the vision for Elmwood to grow: Deeper in Devotion, Closer in Community and Further in Fruiffulness. The Staff Team has grown as part of the vision. Growing Deeper in Devotion Values Elmwood Leadership have identified six key Values which describe how we want to be as a church in fulfilling our Vision.. Spirit Led, Courageous, Compassionate, Connected, Empowering, Joyful Servlces In-person services take place at 10.30 on Sundays with occasional evening services and courses. Worshlp A part-time Worship Team Leader to develop the music team was appointed on 30th May 2023 vA)o unfortunately resigned in March 2024 due to re-location. The position is currently being advertised. Prayer Monthly prayer meetings online and a weekly Prayer Email to encourage prayer. Pastoral A part-time Assistant Pastor was appointed on 1 st May 2023 Closer in Community Membership New people have started to come, and membership is steadily increasing. Llfe Groups There are twelve groups that meet regularfy together but more leaders and groups are needed. Children and Young People Mums and Babies Group and Toddlers is running regularty during term time and is proving very popular.

The mid-week children's club (now re-named Kids Club) started on 5th May 2023 and is steadily increasing in numbers, The Youth Group went on a weekend away in March 2024. 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 20 % of the budget was distributed to mission and local charities. Friday Morning Café extended the opening hours. It continues to grow and is well attended by all ages from the local area. Using building to support local groups- Dementia Café, indoor kurling. Developing links with Lancaster House - a local not-for-profit organisation providing support and housing for homeless young men - and supporting where able. Supporting Early Essentials - a charity which provides starter packs for vulnerable mums and babies. Financial Review The principal Sour￿ of funding is regular gifts to the church, mainly re￿iVed from members and regular worshippers. The gifts have proved sufficient to pay the salaries of the church's employees, maintain the church owned building, pay servicelutility bills, and support various activities undertaken by the church and support mission work. Total income for the year was £312,065 (2023 - £241,791) and total expenditure was £308,474 (2023 - £242,445). Reserves at 31 st March 2024 amounted to £2,780.389 (2023- £2,776,798) of which £6,195 (2023 - £11,044) is restricted and £3,577 is designated {2023 - £3,694) Reserves Policy The Trustees policy is to retain minimum cash-backed unrestricted reserves sufficient to meet the foreseeable needs of the Church. This is estimated to be around £30,000. At 31 March 2024, the charity had total unrestricted fvnds of £2,774,194 (2023 - £2,765.754) of which £65,930 (2023 - £55,426) was in cash or cash equivalents. This included £3,577 {2023 - £3,694) of designated funds.

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ELMWOOD CHURCH Independent examiner's report to the trustees of Elmwood Church I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. Responsibilities and basls of report As the charity's trustees you are responsible for the preparation of the accounts in accordan￿ with the requirements of the Chariti'es Act 2011 ('the Act,). I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examiner's statement Since the charity's gross income exceeded £250.000 your examiner must be a member of a body listed in section 145 of the Act. I confirm that l am qualified to undertake the examination because l am a member of Institute of Chartered Accountants in England and Wales which is one of the listed bodies. I have completed my examination. I confinn that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respecl of the charty as required by section 130 of the Act; or the aGcounts do not accord with those records; or the accounts do not comply with the applicAble requirements concerning the form and content of accounls set OLrt in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination. I have no concerns and have come across no other mattefs 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. Mr A Edwards ACA ACCA Institute of Chartered Accountants in England and Wales Dunhams Chartered Accountants 11 Warwick Road Old Trafford Manchester M160QQ

ELMWOOD CHURCH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024 NOTE UNRESTRICTED FUNDS RESTRICTED TOTAL FUNDS FUNDS TOTAL FUNDS 2024 2023 INCOME AND ENDOWMENTS FROM: Donations and legacies Charitable adivities 260,136 37,209 297.345 226,326 14,639 81 14,639 11,549 Other income 81 Total incoming resources 274,856 37,209 312,065 241,791 EXPENDITURE ON= Charitable activities 265,726 690 42,058 307,784 241,815 690 630 Other Total resources expended 266 416 308 474 242 445 Net income (expenditure) 7.750 {4,849) 2,902 1654) RECONCILIATION OF FUNDS Total fvnds at 31 March 2023 2 765 754 11044 2776798 Total funds at 31 March 2024 2774 194 6 195 2 780 389 The notes on pages 10 to 14 form part of these accounls. There were no recognised gains and losses other than those included in the income and expenditure accounts.

ELMWOOD CHURCH BALANCE SHEET AT AS 31ST MARCH 2024 NOTE UNRESTRICTED RESTRICTED TOTAL FUNDS FUNDS FUNDS TOTAL FUNDS 2024 2023 FIXED ASSETS Tangible assets 2,708,264 0 2,708,264 2,710,328 CURRENT ASSETS Debtors 8,750 25 8.775 11,564 Cash at bank and in hand 73,416 6,195 79,611 73,903 Creditors: Amounts falling due within one year NET CURRENT ASSETS 10 65,930 6,195 72,125 66,470 NET ASSErs FUNDS Unrestricted 2,774,194 2,774,194 2,765.754 Restricted 12 TOTAL FUNDS Approved by the Trustees and signed on their behalf by: David Mccomiick Sally Prentice

ELMWOOD CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024 Accountlng Policies The principal accounting policies are summarised below. The accounting poliaes have been applied consistently throughout the year and the preceding period. Basis of Accounting These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless othetwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordan￿ with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 The presentational currency is pound sterling, and the accounts are rounded to the nearest pound. Recognition of income All incoming resources are included in the stalement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. Income from investménts is included in the year in which it is received. Tax reclaims on donatlons received. Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gfft and is treated as an addition to the same fund as the initial donation unless the donor or the temis of the appeal have specified otheTrvise. Resources expended Liabilities are recognised where it is more likely than not that there is a legal or constructNe obligation committing the charity to pay out Tesources and the amount of the obligation can be measured with ieasonable ￿rtainty. Charitable expenditure Comprises those costs incurred by the charity 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 ne￿SSary to support them. 1. Tangible Fixed Assets and depreciation Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost residual value of each asset over its expected useful life, as follows: Fixtures. Fittings & Equipment - 200/0 reducing balance io

1. Donations and Legacies Unrestricted Restricted Total 2024 Total 2023 Donations - gift aided Donations - not gift aided Gift Aid tax recovered 158,458 64,854 610 159,068 36,440 101,294 159 36982 125,951 68,549 260 135 37 209 297 344 224 765
2. Income from charitable activities Unrestricted Restricted Total 2024 Total 2023 Early Years Groups Events & use of facilities 6,097 4,669 6,097 4,669 5,304 4,535 Other income
3. Interest Unrestrictsd Restricted Total 2024 Total 2023 HMRC - GA interest 81 81 81 81
4. Charitsble activities c¢)sts Unrestricted Restricted Total 2024 Totsl 2023 Insurance. light & heat Catering & cleaning Repairs & renewals Premises costs 13.017 6.308 13,017 6,308 22,6 1.780 12,413 5,418 33.313 22.665 1.780 1,397 Salaries & staff costs 137,418 10,513 1,790 137,418 107,241 9,942 1,310 3,207 6,770 Youth & children's work 10,513 1,790 Speakers expenses IT costs Miscellaneous 4,239 34,738 38,977 li

Rebranding Events 2,407 2,407 107 2,304 2,085 4,159 2,246 47.786 2,304 2,085 4,159 2.246 6.014 1,157 Music and worship Telephone, office and stationery Training Donations to mission organisations Depreciation Total 4,536 686 7.320 55.106 45.724 265 726 42 058 307 784 234 588 6. Support costs Unrestrictsd Restricted Total Total 2024 2023 Independent examination 690 690 630 690 690 630 7. Stsff costs 2024 2023 Salaries and wages Social Security costs Employers NIC rebate Pension contributions 125,910 99,168 8,580 7,592 (5,000) {5,000) 5,630 4,310 95 103 Death in Service Reimbursed expenses 137 418 107 241 No employee received remuneration which would amount to more than £60,000 in any one year. The average number of employees during the year was: Pastoral Youth & Children, work Administration & building maintenance 12

1. Transaction with Trustees None of the trustees have been paid any remuneration or received any other beneffts from an employment with their charity or a related entity (2023 - nil) No trust￿ expenses have been incurred (2023 - nil)
2. Debtors 2024 2023 Gift Aid lax recoverable 3,476 5,224 75 3,026 Prepayments other debtors 8,228 310
3. Creditors Accruals 5,261 2,225 4,801 1,678 954 Tax and Social Security Other creditors

4. Tangible Fixed Assets Freehold Fixtures, Property Fittings & Equipment 50,742 Total Cost at 1 April 2023 Additions 2.700,000 2,750,742 Disposals Cost at 31 March 2024 2 700 000 2 750 742 Depreciation at 1 April 2023 Charged for the year Total at 31 March 2024 40,414 40,414 Net Book Value at 1 April 2023 at 31 March 2024 2 700 000 2710328 2 700 000 2 708 264 13

5. Restrictsd Funds Brought forward Incoming Outgoing Carrfed forward Mission support Sound & Music 2,939 668 6,607 7,320 491 2,226 177 Building Hardship Internal Ministries 1.000 1.000 5,667 846 4.641 1,872 770 290 140 920 Conduit gifts Name of restricted fund Description, nature and purpose of the funds Support of individuals and organisations working in the UK and elsewhere to further Christian Faith and to support the needs of others Provision of sound and vision equipment for Elmwood Church Mission support Sound & Music Building Hardship Improvements to the building Provision of assistance both to the fellowship and to the wider community Support of internal ministries of Elmwood Church Gifts given for specific support Internal Ministries Conduit gifts 14