## Church in the Peak
Report and Accounts Year ended 31 December 2024
1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk
## **CHURCH IN THE PEAK**
## **CHARITY INFORMATION**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
## **Trustees**
Chris Cookman Ian Cowin Karen Errett Neal Garratt Phil Hardy Paul Hay Peter Williams Stephen Young (appointed 15 July 2024)
## **Governing Document**
CIO Foundation registered 29 April 2014
## **Charity Registration Number**
## 1156840
## **Registered Office**
The Lime Tree Lime Tree Business Park Lime Tree Rd Matlock, DE4 3EJ
## **Independent Examiner**
Sarah Crispin ACA Stewardship 1 Lamb's Passage London EC1Y 8AB
## **Bankers**
Lloyds Bank 2-6 Market Street Wigan WN1 1JN
|**Contents**|**Page**|
|---|---|
|Charity Information|1|
|Trustees' Annual Report|2-5|
|Independent Examiner's Report|6|
|Statement of Financial Activities|7|
|Balance Sheet|8|
|Notes to the Accounts|9-18|
|Detailed Statement of Financial Activities with Comparatives|19|
Page 1
Registered Charity No. 1156840
## **Church in the Peak**
## **REPORT OF THE TRUSTEES**
## **FOR THE YEAR ENDED 31ST DECEMBER 2024**
The Trustees have pleasure in submitting the Report and Accounts for the year.
## **Objects of the charity**
The Trust seeks to demonstrate the Christian faith in action through its Sunday gatherings, mid week activities, community focussed work such as Jigsaw and TotZone, and equipping the church family to live out the Christian faith. Through these activities the trust seeks to relieve persons who are in conditions of need or hardship or who are aged or sick and to relieve the distress caused whether locally or in another country. The trust also aims to promote and fulfil other such charitable purposes beneficial to the community.
## **Government**
The policy and operating decisions of the charity rest with the Trustees who meet regularly to monitor the activities of the CIO.
The trustees during the year were Peter Williams (Chairman, Trustee & Elder), Chris Cookman (Trustee & Treasurer), Ian Cowin (Trustee), Karen Errett (Trustee), Neal Garratt (Trustee & Elder), Phil Hardy (Trustee & Elder), Paul Hay (Trustee) and Steve Young (Trustee, appointed 15[th] July 2024).
Formal trustees’ meetings were held on 28[th] January (online), 15[th] July (online) and 1[st] December 2024 (online).
Dave Watmore attended the meetings in his capacity as Elder. Charlotte Allen attended the meetings as Secretary.
Bankers: Lloyds Bank and Mansfield Building Society. Insurers: Ansvar.
The Church is not a building, but a gathering of ordinary people of different ages and backgrounds, whose lives have been changed by Jesus Christ, the Son of God. The New Testament reveals the Church as a community of people, properly taught and cared for, who by loving and serving Jesus Christ, were also committed to love and care for each other and to bring a blessing to the area in which they lived. The Church in the Peak; its trustees, elders and members are committed to the restoration of those New Testament principles. It is not alone in this, it is one of many Churches in the area, country and all over the world that is rediscovering the excitement of knowing Jesus Christ. The vision is to see the people of the Peak District come into this experience of knowing Jesus as their Lord, Saviour and friend.
In planning the activities, the Trustees have applied the guidance on public benefit issued by the Charity Commission. During the year there has been a demonstration of the Christian faith in action by serving the community in which it operates in the following ways:
Page **2**
**Resourcing** : **Neal Garratt** (elder/trustee), **Phillip Hardy** (elder/trustee), **Peter Williams** (elder/trustee) and **Dave Watmore** (elder) lead the church as a team. **Steve Bagnall** continued working full-time but his role was enhanced to include the day-to-day oversight of all aspects of the Jigsaw Project as the being involved in day-to-day operations at The Lime Tree. **Nicola Lewis** started working full time for the church in January 2024 in the role of as the Building Facilitator/Operations Manager (responsible for arranging and managing bookings of The Lime Tree etc.). **Zed Parfitt** resigned from his role as Caretaker in September 2024. The caretaker duties are currently being shared between the other staff. **Paul Blecker** continued working for the church part-time, covering various aspects of the day-to-day Finance and IT work. Very sadly, Paul died in early January 2025. He is greatly missed by all. **Kirsty Bateman** continues to work part-time as the Debt Centre Manager. **Melanie Weston** continues working as the parttime CMA Admin Worker. **Sarah Earlam** continued working as a part-time Social Action Support Worker until her resignation in November 2024. **Shirley Haymes** continues working as a part-time cleaner. **Charlotte Strange** continues providing part-time administrative support to the Elders. **Sally Hardy** finished her short-term, part-time contract in August 2024 (please refer to note 18(c) to the financial statements).
**Premises** : Sunday meetings were held at The Lime Tree, Matlock, which was refurbished between November 2017 and May 2018. The building provides Sunday capacity for up to 200 people and car parking, as well as facilitating all of the mid-week activities currently operating. Many of the rooms in the building are hired on a regular basis by local groups. In May 2022, we took on a lease on Unit 10 of the Lime Tree Business Park, so that this could become the home of the CMA Debt Advice service. We are now renting four units on the Lime Tree Business Park – the main Lime Tree building and Units 10, 11 and 13. The three smaller units primarily house our various Jigsaw services. Community needs continued to be met via the provision of services. In particular, this includes the continued operation and expansion of the Jigsaw Project (for more details, see the “Activities” section below).
**Attendance** : During 2024 the church met in person on Sunday mornings as well as for its regular mid-week activities. Midweek community groups met in the strategic towns of Bakewell, Belper, Darley Dale, Matlock and Rowsley.
**Activities** : Church in the Peak is a welcoming outward-looking all-age church particularly attractive to families, and special activities take place each week for babies and toddlers (TotZone on a Tuesday, and Treasure Tots on a Sunday), primary school aged children (KidZone) and two youth groups (Xplor and Emerge). A weekly Youth Club Drop-In for secondary school aged children runs on Tuesday afternoons. Church in the Peak has a child protection policy and relevant workers are trained in child protection and have a satisfactory disclosure from the Disclosure & Barring Service.
During the year, the church continued to run the Jigsaw Project. Jigsaw is a project which provides support, befriending and signposting advice to the poor, afflicted and those in need in Matlock and Derbyshire Dales. The Jigsaw Project operates a food bank, emergency crisis food parcels, clothes bank and debt advice.
During the Coronavirus restrictions, referrals for the Jigsaw Project services, especially the Foodbank, almost doubled. Meeting this need would not have been possible without the numerous generous donations we received for the Jigsaw project. These donations have come from individuals (both church and non-church members) and from organisations as grants. During 2024, as the cost of living crisis deepened, those donations continued and we received over £73,300 in donations/grants for Jigsaw as well in addition to food contributions. We have been blessed by the generosity of people in these difficult times. Larger donations/grants have
Page **3**
come from The Duke of Devonshire, Derbyshire Community Foundation, Platform Housing and others.
We prayerfully ensured that we used the money entrusted to us wisely and in accordance with the donor’s wishes. Almost everyone said that their donations could be used for the foodbank “as we see fit”, rather than specifying what their donations were used for. As well as the direct costs of the food, we have used the financial donations to pay for Christmas toys and laptops for new staff.
In addition to the Jigsaw Project, during the year, the church has continued to actively support a local church in Yalova (Turkey) with its refugee project, and closer to home, the work of Matlock Area Schools Trust (MAST), a non-denominational team of school teams who take assemblies and other activities in schools.
In 2024, room bookings remained at pre-lockdown levels.
## **Buxton Church in the Peak**
During 2024, the leaders of Buxton Church in the Peak (charity number 1124548) approached Matlock Church in the Peak to discuss formally (re-*)joining the two congregations and charities together to make one multi-site church family covering the Peak District. After discussions, the trustees of both charities agreed that merging the two charities would serve both charities best. Following initial discussions with the Charity Commission, the trustees of Matlock were appointed trustees of Buxton and vice-versa. The trustees’ intention is to merge the two charities as soon as practicable, ideally at the end of the 2025 financial year.
*Buxton CitP grew out of Matlock Church in the Peak in 1997.
## **Financial Review**
Total income for the year was £386,236 (2023: £364,815). Expenditure was £445,242 (2023 £429,457) resulting in a deficit for the year of £59,006 (2023: deficit £64,642).
At the end of the year total reserves were £281,470 (2023 £340,475) of which £18,957 (2023 £30,005) was restricted. General funds were £48,937 (2023 £68,825), of which £48,231 is unrestricted cash.
In July, with a view to releasing more money into the work of the church, the trustees reduced the church's reserves to £45,000. This is slightly less than the 3 months worth of normal running costs which we had in 2023 and returns the reserves figure to its 2022 and before value.
## **Key risks and uncertainties**
The charity is exposed to various risks - be they operational, financial or reputational. The trustees review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks.
Page **4**
## **Trustees' Responsibilities under charity law**
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its incoming resources and application of resources for the financial year. In preparing these financial statements, the trustees are required to:
1. select suitable accounting policies and apply them consistently;
2. observe the methods and principles in the Charities SORP;
3. make judgements and estimates that are reasonable and prudent;
4. state whether the applicable accounting standards have been followed, subject to any material departures and explained in the financial statements; and
5. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011.
We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.
## **Approval**
This report was approved by the trustees on Oct 14, 2025 by:
and signed on their behalf
## C J Cookman
C J Cookman (Oct 14, 2025 21:34:04 GMT+1)
………………………………………………………..
Chris Cookman
Page **5**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF**
## **CHURCH IN THE PEAK ('the Charity')**
I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31 December 2024 on pages 7 to 19 following, which have been prepared on the basis of the accounting policies set out on pages 9 to 11.
## **Responsibilities and basis of report**
As the charity’s trustees of the Charitable Incorporated Organisation you are responsible for the preparation of the accounts in accordance with the requirements of the Charities 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 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out 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 draw attention to Note 18(c) to the accounts where it is noted that the spouse of a trustee was employed when this was not permitted by the governing document. I have reported this to the Charity Commission and the charity have applied for retrospective permission.
Other than the matter referred to in the above paragraph, I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
## Sarah Crispin
Sarah Crispin (Oct 20, 2025 12:23:18 GMT+1)
Sarah Crispin ACA Institute of Chartered Accountants in England and Wales Stewardship 1 Lamb's Passage London EC1Y 8AB
Date: Oct 20, 2025
Page 6
## **CHURCH IN THE PEAK**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
|Note
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
**Total income and endowments**
**EXPENDITURE ON:**
Charitable activities
7
**Total expenditure**
**Net income/(expenditure)**
**Transfers between funds**
16
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
16|Unrestricted
Funds
£
173,915
16,275
30,000
1,254
221,444
262,183
262,183
(40,739)
(7,218)
(47,957)
310,470
262,513|Restricted
Funds
£
164,772
20
-
-
164,792
183,059
183,059
(18,267)
7,218
(11,048)
30,005
18,957|Total
Funds
2024
£
338,687
16,295
30,000
1,254
386,236
445,242
445,242
(59,006)
-
(59,006)
340,475
281,470|Total
Funds
2023
£
319,520
7,732
35,985
1,578|
|---|---|---|---|---|
|||||364,815|
|||||429,457|
|||||429,457|
|||||(64,642)
-|
|||||(64,642)
405,117|
|||||340,475|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing operations.
The notes on page 9 to 18 form part of these accounts.
Page 7
## **CHURCH IN THE PEAK**
## **BALANCE SHEET**
## **AS AT 31 DECEMBER 2023**
|Note
**FIXED ASSETS**
Tangible assets
10
**CURRENT ASSETS**
Stock
11
Debtors
12
Cash at bank and in hand
13
**CREDITORS: Amounts falling**
**due within one year**
14
**Net current assets / (liabilities)**
**TOTAL NET ASSETS**
**FUND BALANCES**
16
Unrestricted Funds
General funds
Designated funds
Restricted Funds|Unrestricted
Funds
£
215,309
215,309
-
6,966
48,231
55,197
(7,993)
47,204
262,513
48,937
213,576
262,513
-
262,513|Restricted
Funds
£
-
-
13,400
256
5,301
18,957
-
18,957
18,957
-
-
-
18,957
18,957|Total
Funds
2024
£
215,309
215,309
13,400
7,222
53,532
74,154
(7,993)
66,161
281,470
48,937
213,576
262,513
18,957
281,470|Total
Funds
2023
£
250,865|
|---|---|---|---|---|
|||||250,865|
|||||11,065
7,269
85,675|
|||||104,009
(14,398)|
|||||89,610|
||||||
|||||340,475|
|||||68,825
241,645|
|||||310,470
30,005|
|||||340,475|
The financial statements were approved by the Board of Trustees and were signed on its behalf by:
## C J Cookman
C J Cookman (Oct 14, 2025 21:34:04 GMT+1)
---------------------------------------
CHRIS COOKMAN
Oct 14, 2025 Date: ___________________
Charity number: 1156840
The notes on page 9 to 18 form part of these accounts.
Page 8
## **CHURCH IN THE PEAK**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
## **1 Statutory Information**
The charity is a charitable incorporated organisation registered with the Charity Commission in England & Wales. The charity's registered number and principal address can be found on the Charity Information page.
## **2 Accounting Policies**
These financial statements are prepared on a going concern basis, under the historical cost convention.
These financial statements have been prepared in accordance with 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 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.
The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.
The principles adopted in the preparation of the financial statements are set out below.
## a) Going concern
The trustees (who are the charitable company's directors for the purposes of company law) have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.
## b) Income
Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.
Income from donations and legacies includes:
- i) Recoverable gift aid. This is recognised when the related donation is received. Gift aid that has not been recovered by the balance sheet date is included as a debtor.
- ii) Donated facilities, services and goods. Goods donated for distribution to beneficiaries are recognised as income when receivable at fair value (being an estimate of the amount it would cost to purchase those items). Facilities, services and goods donated for the charity's own use are recognised as income when receivable at their value to the charity.
The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.
When donated goods, services and facilities are distributed or consumed, an expense in respect of those items is included in the Statement of Financial Activities. At the year end any goods that have not been distributed or consumed are recognised as stock; donated fixed assets are capitalised.
Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from the hire of the church building to other charities and community groups.
Page 9
## **CHURCH IN THE PEAK**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
## **2 Accounting Policies (continued)**
Income from other trading activities represents income receivable from activities undertaken to generate funds for the charity. It includes income from the hire of the building on a commercial basis.
Investment income represents income generated by the charity's assets and includes bank interest.
## c) Expenditure
Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.
The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.
The cost of raising funds is not significant and has not been separately disclosed.
Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.
## d) Fund accounting
- General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects. Endowment funds are donations that are retained as capital in accordance with the donor's wishes. The nature of the restriction determines whether the endowments represent permanent endowments or expendable endowments.
## f) Tangible fixed assets
Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £1,500 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:
|Freehold land|Is not depreciated (because it is not consumed by use)|
|---|---|
|Freehold buildings|Over 50 years after taking account of the building's residual value|
|Leasehold improvements|Over the lease term or, if shorter, expected useful life|
|Equipment|Over 3 to 7 years|
The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.
## g) Stocks
- Stocks of donated items held for distribution to beneficiaries are measured at fair value; stocks of goods donated for the charity's own use are valued at an estimate of their value to the charity.
Page 10
## **CHURCH IN THE PEAK**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
## **2 Accounting Policies (continued)**
## h) Leased assets
Leases for assets that transfer to the charity substantially all the risks and rewards of ownership are classified as finance leases. Assets under finance leases are recognised as assets of the charity at the inception of the lease at their fair value or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation. Lease payments are apportioned between a finance expense and a reduction of the lease obligation so as to achieve a constant rate of interest on the liability.
Leases which do not transfer substantially all the risks and rewards of ownership to the charity are classified as operating leases. Operating lease payments are recognised as an expense on a straight-line basis over the lease term (unless another systematic basis is more representative of use).
## i) Pension scheme arrangements
The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.
## j) Taxation
The charity has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.
## k) Financial instruments
The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Except for loans, creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive). The charity recognises liabilities for the principal of those loans that remains outstanding at the year end (i.e. the liabilities exclude any interest chargeable on the loans in future years).
## l) Exemption from preparing a cashflow statement
The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.
m) Critical accounting estimates and areas of judgement The trustees do not consider that there are any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period.
## **3 Donations and legacies**
|**3**
**Donations and legacies**|||
|---|---|---|
|Donations of cash and similar
Donations in kind (note 3a)
Other grants receivable
Income tax recoverable
**a**
Donations in kind comprise:
Goods donated for:
Distribution to beneficiaries|2024
£
222,035
57,046
19,067
40,539
338,687
2024
£
57,046
57,046|2023
£
190,831
82,958
16,050
29,682|
|||319,520|
|||2023
£
82,958|
|||82,958|
Page 11
## **CHURCH IN THE PEAK**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
|**4**
**Income from charitable activities**
Building hire
Van hire
Other income
**5**
**Income from other trading activities**
Building hire
**6**
**Investment income**
Bank interest
**7**
**Charitable expenditure**
**a**
**Costs incurred directly on specific activities**
Employment costs
Property costs
Children & Youth
Communications
Mission
Outreach activities
Social Action
Motor and travel
Other costs
Donations in kind expensed
Grants payable (note 7c)|2024
£
14,378
20
1,897
16,295
2024
£
30,000
30,000
2024
£
1,254
1,254
2024
£
150,018
106,690
854
2,928
840
7,761
12,214
2,370
16,177
54,712
354,565
38,448
393,013|2023
£
7,658
74
-|
|---|---|---|
|||7,732|
|||2023
£
35,985|
|||35,985|
|||2023
£
1,578|
|||1,578|
|||2023
£
113,701
86,871
181
2,786
1,508
2,291
23,221
2,888
12,066
81,650|
|||327,162
49,590|
|||376,752|
Page 12
## **CHURCH IN THE PEAK**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
## **7 Charitable expenditure (continued)**
|**b**
**Costs incurred on support & administration**
Governance costs
Independent examiner's fee
Other
Office costs
Finance costs
Depreciation of tangible fixed assets
Insurance
**Total expenditure**|3,600
60
3,660
3,473
870
37,998
6,229
52,229
445,242|3,360
-|
|---|---|---|
|||3,360
3,655
330
40,052
5,308|
|||52,705|
|||429,457|
The fee payable to the independent examiner for preparing and examining the accounts was £3,600 (2022: £3,360).
## **c Grants payable**
|Grants for UK and overseas mission
Grants for the relief of poverty
The comparatives for the previous year are as follows:
Grants for UK and overseas mission
Grants for the relief of poverty
The charity's principal grants to institutions comprised:
Catalyst Network of churches
Yalova Refugee Food Project
Fountain of Life, India
Belgaum church India
Hope Church Worcester
Grants to institutions for less than £1,000 each|Institutions
£
26,871
2,445
29,316
Institutions
£
23,634
13,156
36,790|Individuals
£
9,132
-
9,132
Individuals
£
12,800
-
12,800
2024
£
18,444
2,445
6,387
-
1,000
1,040
29,316|2024
£
36,003
2,445|
|---|---|---|---|
||||38,448|
||||2023
£
36,434
13,156|
||||49,590|
||||2023
£
13,144
4,656
8,000
10,000
-
990|
||||36,790|
Page 13
## **CHURCH IN THE PEAK**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
- **8 Analysis of staff costs, the cost of key management personnel and trustee remuneration**
|**ysis of staff costs, the cost of key management personnel and trustee remuneration**|||
|---|---|---|
|Gross wages and salaries
Social security
Pension costs|2024
£
141,820
3,141
5,057
150,018|2023
£
109,807
-
3,894|
|||113,701|
The average monthly number of employees during the year was 9.3 (2023: 9.4). Most of the charity's activities are carried out by volunteers.
No staff received salaries at a rate of more than £60,000 per annum.
The charity's key management comprise solely of the trustees. No trustee received remuneration during the current or preceding year.
## **9 Acting as agent**
On occasion the charity receives money on behalf of other charities, which it banks and then pays out to these charities. This income is received as agent for these other charities and the income, and the related payments, are excluded from the Statement of Financial Activities; any money that has not been distributed by the year end is recognised as a creditor.
During the year the charity acted as agent for ACTS435 and, in that capacity:
a) received £90 (2023: £70) and paid £90 (2023: £50)
- b) at the year end the charity owed £20 (2023: £20) to ACTS435.
## **10 Tangible fixed assets**
|Cost
At 1 January 2023
Additions
At 31 December 2023
Accumulated depreciation
At 1 January 2023
Charge for the year
At 31 December 2023
Net book value
At 31 December 2023
At 31 December 2022|Leasehold
Improvements
£
428,247
2,442
430,689
186,602
30,511
217,113
213,576
241,645|Fixtures,
fittings and
equipment
£
26,901
-
26,901
20,663
4,505
25,168
1,733
6,238|Vehicles
£
14,313
-
14,313
11,331
2,982
14,313
-
2,982|Total
2024
£
469,461
2,442|
|---|---|---|---|---|
|||||471,903|
|||||218,596
37,998|
|||||256,593|
|||||215,309|
|||||250,865|
Page 14
## **CHURCH IN THE PEAK**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
## **11 Stock**
|Donated goods
For distribution to beneficiaries
**12**
**Debtors**
Trade debtors
Tax recoverable
Other debtors
**13**
**Cash at Bank and in Hand**
Cash at bank with immediate access
Notice deposits (with a term of three months or less)
**14**
**Creditors: liabilities falling due within one year**
Other creditors
Accruals
Grant obligations|2024
£
13,400
13,400
2024
£
3,920
3,303
-
7,222
2024
£
50,516
3,016
53,532
2024
£
4,393
3,600
-
7,993|2023
£
11,066|
|---|---|---|
|||11,065|
|||2023
£
3,766
2,953
550|
|||7,269|
|||2023
£
23,139
62,536|
|||85,675|
|||2023
£
5,038
3,360
6,000|
|||14,398|
## **15 Pension commitments**
During the year employer’s pension contributions totalling £5,057 (2023: £3,894) were payable to defined contribution personal pension schemes. No pension contributions were owing at the balance sheet date (2023: £nil).
Page 15
## **CHURCH IN THE PEAK**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
## **16 Funds**
During the year the movements in the charity's funds were as follows:
|_Designated Funds_
Lime Tree Building Project
_General Unrestricted Funds_
Total Unrestricted Funds
_Restricted Funds_
Yalova Project
Jigsaw project
Jigsaw project - clothes
Prides Bethel
Catalyst
Foodbank donated goods
Gift Day appeal
Uganda
Aggregate of funds|Opening
balance
2024
£
241,645
241,645
68,825
310,470
10
13,451
1,521
2,383
1,574
11,066
-
-
30,005
340,475|Incoming
resources
2024
£
-
-
221,444
221,444
2,460
74,393
100
-
-
57,046
28,970
1,823
164,792
386,236|Outgoing
resources
2024
£
(30,511)
(30,511)
(231,672)
(262,183)
(2,445)
(96,485)
(288)
-
-
(54,712)
(27,547)
(1,582)
(183,059)
(445,242)|Transfers
in the year
2024
£
2,442
2,442
(9,660)
(7,218)
-
8,641
-
-
-
-
(1,423)
-
7,218
-|Gains and
losses
2024
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-|Closing
balance
2024
£
213,576|
|---|---|---|---|---|---|---|
|||||||213,576
48,937|
|||||||262,513|
|||||||25
-
1,334
2,383
1,574
13,400
-
241|
|||||||18,957|
|||||||281,470|
The transfers referred to above were made for the following reasons:
a) Transfer from the Jigsaw fund to the Lime Tree designated fund represents the capitalisation of leasehold improvements during the year.
- b) Transfer from the General Fund to the Jigsaw Project fund to clear the year-end deficit.
## **Analysis of net assets by fund**
The assets and liabilities of the various funds were as follows:
|Tangible fixed assets
Stock
Debtors
Cash at bank and in hand
Creditors falling due within one year||General
Designated
funds
funds
£
£
1,733
213,576
-
-
6,966
-
48,231
-
(7,993)
-
48,937
213,576
Unrestricted Funds|Restricted
funds
£
-
13,400
256
5,301
-
18,957|2024
£
215,309
13,400
7,222
53,532
(7,993)|
|---|---|---|---|---|
|||General
funds
£
1,733
-
6,966
48,231
(7,993)
48,937|||
|||||281,470|
Page 16
## **CHURCH IN THE PEAK**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
## **16 Funds (continued)**
In the previous year the movements in the charity's funds were as follows:
|_Designated Funds_
Lime Tree Building Project
_General Unrestricted Funds_
Total Unrestricted Funds
_Restricted Funds_
Yalova Project
Jigsaw project
Jigsaw project - clothes
Prides Bethel
Catalyst
Foodbank donated goods
Emergency relief appeal
Aggregate of funds|Opening
balance
2023
£
267,245
267,245
82,358
349,602
-
41,592
208
2,383
1,574
9,758
-
55,515
405,117|Incoming
resources
2023
£
-
-
200,171
200,171
2,666
73,749
1,872
-
-
82,958
3,400
164,644
364,815|Outgoing
resources
2023
£
(30,206)
(30,206)
(213,703)
(243,909)
(2,656)
(97,283)
(559)
-
-
(81,650)
(3,400)
(185,548)
(429,457)|Transfers
in the year
2023
£
4,606
4,606
-
4,606
-
(4,606)
-
-
-
-
-
(4,606)
-|Gains and
losses
2023
£
-
-
-
-
-|Closing
balance
2023
£
241,645|
|---|---|---|---|---|---|---|
|||||||241,645
68,825|
|||||||310,470|
|||||||10
13,451
1,521
2,383
1,574
11,066
-|
|||||||30,005|
|||||||340,475|
## **Analysis of net assets by fund**
In the previous year, the assets and liabilities of the various funds were as follows:
|Tangible fixed assets
Stock
Debtors
Cash at bank and in hand
Creditors falling due within one year||General
Designated
funds
funds
£
£
9,220
241,645
-
-
7,269
-
66,735
-
(14,398)
-
68,825
241,645
Unrestricted Funds|Restricted
funds
£
-
11,065
-
18,940
-
30,005|2023
£
250,865
11,065
7,269
85,675
(14,398)|
|---|---|---|---|---|
|||General
funds
£
9,220
-
7,269
66,735
(14,398)
68,825|||
|||||340,475|
Page 17
## **CHURCH IN THE PEAK**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
## **16 Funds (continued)**
## _Designated Funds_
The Lime Tree Building Project fund represents the net book value of the leasehold improvements.
## _Restricted Funds_
The Yalova project fund was created to support a refugee project run out of a church in Turkey.
The Jigsaw project is a social enterprise project created to help the local community. Two separate funds have been created, one for the distribution of food and the other for the distribution of clothes. A further fund is used to show donated and distributed goods associated with the project.
The Prides educational fund was created to enable specific donations to be provided to support the Pride family as they continue their spiritual training in the United States.
The Catalyst fund is our contribution to their Covid-19 Crisis Response Fund
The Emergency relief appeal was to support the victims of the earthquake in Turkey
The Gift Day appeal is for funds raised for specific appeals and projects of the church in 2024 and to cover commitments from 2023.
The Uganda fund is for supporting a project in Uganda that a church member is involved with.
## **17 Operating lease commitments**
The charity has a lease on a property which runs until March 2032 at a cost of £26,250 per annum.
During the year the charity was charged £26,250 (2023: £26,250) for its operating lease.
## **18 Transactions with related parties**
During the year the charity:
- a) received donations totalling £45,053 (2023: £38,315) from related parties (which includes trustees, any other members of key management and anyone closely connected to them).
- b) No expenses (2023: £nil) were paid to, or for, the trustees. Reimbursements for expenses incurred when acting as agent for the charity or incurred when undertaking employment duties not connected with serving as a trustee are not included in this disclosure.
During the year the charity also made the following payments to, or for, related parties:
- c) Sally Hardy, who is closely related to Phil Hardy, who is a trustee, received employment benefits totalling £6,938 (2023: £2,605) for providing administrative services to the charity. It came to light in 2024 that the charity's govering document does not permit the charity to employee trustees or anyone closely connected to them without prior consent of the Charity Commission. Therefore, this employment was in breach of the governing document. However, Sally Hardy had left employment with the charity when this matter came to light and, while the Charity Commission were unable to provide retrospective consent, they notified the charity that no further action would be taken.
Except as disclosed in note 8 'Analysis of staff costs', there have been no other transactions with related parties during the year.
Page 18
## **CHURCH IN THE PEAK**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
|Note
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
**Total income and endowments**
**EXPENDITURE ON:**
Charitable activities:
7
**Total Expenditure**
**Net income/(expenditure)**
**Transfers between funds**
16
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
16||General
2024
£
173,915
16,275
30,000
1,254
221,444
231,672
231,672
(10,228)
(9,660)
(19,888)
68,825
48,937
Unrestric|Unrestric|Designated
2024
£
-
-
-
-
-
30,511
30,511
(30,511)
2,442
(28,069)
241,645
213,576
ted funds|Restricted
2024
£
164,772
20
-
-
164,792
183,059
183,059
(18,267)
7,218
(11,048)
30,005
18,957|Total
2024
£
338,687
16,295
30,000
1,254
386,236
445,242
445,242
(59,006)
-
(59,006)
340,475
281,469|||General
2023
£
154,950
7,658
35,985
1,578
200,171
213,703
213,703
(13,532)
-
(13,532)
82,358
68,825
Unrestric|Unrestric|Designated
2023
£
-
-
-
-
-
30,206
30,206
(30,206)
4,606
(25,600)
267,245
241,645
ted funds|Restricted
2023
£
164,570
74
-
-
164,644
185,548
185,548
(20,904)
(4,606)
(25,510)
55,515
30,005|Total
2023
£
319,520
7,732
35,985
1,578
364,815
429,457
429,457
(64,642)
-
(64,642)
405,117
340,475|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Page 19