SOUTHCREST EVANGELICAL CHURCH Financial Statements For the year ending 31 Dember 2024 Charity registration Number: 1158945 SOUTHCREST EVANGELICAL CHURCH Financial Statements For the year ended 31 December 2024
SOUTHCREST EVANGELICAL CHURCH Financial Statements For the year ending 31 December 2024 Contents Page Trust Infonnation Trustees report Independent Examiners Report to Trustees Statement of Financial Activities Balance Sheet 10 Notes to the Accounts 11
SOUTHCREST EVANGELICAL CHURCH Financial Statements For the year ending 31 December 2024 Trust Information Status Southcrest Evangelical Church, Redditch, Worcestershire is registered with the Charity Commissioners as a Charity incorporated organisation CIO (No 1158945) and constituted by the deed of trust dated 23 October 2014. Trustees The Charity is administered by the Trustees. These are the current trustees at the time of signing this report. Mr NP Woodward Mr TG Moores Mr DF Beer Dr IF Kuriger Mr M Chart Mr A Nicholas Elders Mr NP Woodward Dr IF Kuriger Mr TG Moores Church Offi Plymouth Road Southcrest Redditch wOrstershIre B98 4NU Registered Office Plymouth Road Southcrest Redditch wOrstershIre B98 4NU Bankers HSBC Church Green West Redditch wOrstershIre B97 4EA
SOUTHCREST EVANGELICAL CHURCH Financial Statements For the year ending 31 December 2024 Trustees Report For the year ending 31 December 2024 The Trustees present their report and the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of the Statement of Recornmended Practice {SORP) "Accounting and Reporting by Charities" {FRS 102) in preparing the annual report and financial statements of the charity. The financial statements have been prepared in accordan with the accounting policies set out in notes to the accounts and comply with the charity's goveining document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019. Object of the Charity To advan the Christian faith in accordance with the statement of Doctrines and PraCtIS set out in the Schedule appended to the deed mainly but not exclusively in the Redditch area. Structure, Governance and Management The Trustees ultimately run the charity. The Trustees have the authority to exercise their powers to further the objects of the charity. The Trustees meet at least twi a year but delegate the day-to-day decision-making on the running of the Church to the Elders of the Church who are also Trustees. The Elders meet formally to consider the management and pastoral needs of the fellowship. Every future Trustee shall be appointed by a resolution of the Trustees passed at a special meeting. The Trustees take full responsibility for the management of risk and have set up a team to identify and mitigate areas of risk. Objectives and Activits"es The Church meets every week at Plymouth Road, Southcrest, Redditch. Our objective is to bring people to Christ and equip them for serving him. This is undertaken through weekly meetings for teaching and worship, specific evangelism and outreach events including Christianity Explored courses. We run Care for the Family sessions, Christians Against Povety sessions, Toddlers group and café servIs. The Elders from time to time based on need and the fulfilment of the charity objectives consider gifts to extemal organisations and individuals. There are no upper or lower limits of support. No commitments have been made for long-term support.
SOUTHCREST EVANGELICAL CHURCH Financial Statements For the year ending 31 Dember 2024 Achievements and performance Under the leadership of the elders, the Church has physical regular meetings in the premises at Plymouth Road and have special outreach events BBQ. HaNest supper and quiz nights where approximately 200 people attend. Our connections with children and young people are making a significant contribution to the local community. We have a children's section in our morning service attended by young families and children. On average around 45 children and their parents, attend Toddlers Group on a Thursday moming. We support the local schools by supporting assemblies using an external presenter this has continued with physical visits to schools. In August 2024 several children and leaders attended a youth camp (OASIS) was at an away ntre and included a wide range of activities worshiping God, and Bible and lifestyle teaching appropriate to children today. In 2024 Southcrest Evangelical Church continued to support Redditch Youth for Christ (RYFC) with other Redditch Churches by supporting the committee involved in this work. This year we were able to run a Christianity Explored course attended by 20- 30 people. In addition, mid-week Prayer and Bible study meetings are held at the Church. We have a Coffee morning meeting every week to enable anyone to attend from the area for a chat and refreshments. Financial Review Total incoming reSoUrS for the Church were £31,412 for the year. This is made up of £22,819 in the General fund, and £8,593 in the restricted funds. These comprise of the missionary fund of £4,263 and the building fund of £4.330 which is designated by the offering on the first Sunday of the month alternating. The net income received is up on last year's income by 5 % . The overall expenditure was £27,578 which was up by 12 % on last year. This increase in expenditure is mainly due to the carpets being replaced. The fixed assets are included based on the insurance valuation of £722,483. This includes the building contents, visual aid equipment and heating system this has not changed from last year. Other restrictive fund activities that have their own accounting is Toddlers. This is not included in the accounts, submission as neither the Charity nor the Trustees are involved in the use of this fund.
SOUTHCREST EVANGELICAL CHURCH Financial Statements For the year ending 31 December 2024 Policy regarding reserves is that, except for restricted funds, a sufficient amount is held to maintain and run the Charity. The unrestricted funds as at the year-end amounted to £51,745 (2023: £45,727). Total funds amounted to £57,361. Public Benefit statement Through regular worship and prayer meetings, Bible studies children's work, outreach meetings, social care programmes and personal visitation the Christian faith is shared and people in the community helped. Individuals have become Christians, had their faith developed and lifestyles impacted. As part of the community life families have been supported. In addition, the members donate food, clothes, and toys to the Birmingham City Mission to support those homeless and in need in Birmingham. We have also in the past run a Christians Against Poverty classes aimed at helping people to manage their finances and we plan to do this again. The Church building is also used as the local polling station for the local and general elections. Beneficiaries In addition to Church members, families, other regular attendees and friends, anyone is welcome to attend appropriate events. We seek to be available to all in the community. The trustees consider that they have complied with their duties under the Charities Act 2011 to have due regard to public benefit guidance published by the Charities Commission. Risk Management policy. The risk management policy is reviewed each year by the trustees and any enhancements are incorporated. The church ensures that members involved in youth work receive appropriate safeguarding training and all members are DBS checked before being appointed into a role with youth work. Workers involved with food preparation and handling receive appropriate training.
SOUTHCREST EVANGELICAL CHURCH Financial Statements For the year ending 31 December 2024 statement of Trustees responsibilities Charity law requires trustees to prepare accounts for each financial year, which give a true and fair view of the stste of the charity and the profit and loss of the chatity for that period. In preparing these accounts, the Trustees are required to: Select suitable accounting policies and then apply them consistently Make adjustments and estimates that are reasonable and prudent Prepare the accounts on a going COnrnS basis. The trustees are responsible for keeping proper accounting records. Signed for and on behalf of the Trustees of Southcrest Evangelical Church 202r Trustee Date
SOUTHCREST EVANGELICAL CHURCH Financial Statements For the year ending 31 December 2024 Independent Examiners report to the Trustees of Southcrest Evangelical Church I report on the accounts of the charity for the year ended 31 December 2024, which are set out on pages 9 to 16 Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to.. examine the accounts under section 145 of the Charities Act., to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act)", and to stat_e whether Darticular matters have come to my attention Basis of the independent examiner's report My examination was carried out in accordance with the General Directions given by the Charity Cornmissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items of disclosures in the accounts and seeking explanations from the trustee's concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statement below. Independent examiners statement In connection with my examination, no matter has come to my attention.. 1. which gives me reasonable cause to believe that in any material respect the requirements.. to keep accounting records in accordance with section 130 of the Charities Act" and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Charities Act have not been met., or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. 202 Independent Examiner Mrs Sally Bishop - Bishops Accountancy Limited Registered Office - Unit 3, Elgar Business Centre, Hallo, Worcester, WR2 6NJ Company Number: 07515021 Date
SOUTHCREST EVANGELICAL CHURCH Financial Statements For the year ending 31 Dember 2024 Statement of Financial Activities for year ending 31 December 2024 Southcrest EvangekalChw¢h 1158945 Receipts and payments accounts Portod 8tsrt date 0110112024 Period wld date 31M212024 Fortr peiiodfrml Receipts and payments Generdl Furrtts Designd Fund5 2024 2023 Funds totho n•ir••t £ tou* ngarnst£ tttthe D¢arnst£ trjtho roa¥1£ toth8 npirnsl£ GrftAKI OffjS 13ftNid DDrth Sc 16,220 20,245 571 rftlidTaxrghJm 3289 hterestB8nk &JiKirwJ S(Kieiy SundrywKu 8uddng F(SGrfI 08%s CarrpGff( Sub trta¥Gross inc))me forAR) Totsl Teceyts Payments Grfts Nh"sgonary EststlshrreDIIuithes1 Enttgy W8t EstaErEnt1Repals ar Manl umce 4513 3,170 IA17 n7 Othercosts Wo Subtotsl Total paymen15 Nèt of eiPts1[paYfflents) Trdnsfern belween funds Cash funds lastyear end Cash fund5 this eNI 4S727 7.799 48,084
SOUTHCREST EVANGELICAL CHURCH Financial Statements For the year ending 31 December 2024 Balance sheet as at 31 December 2024 Notes Details 2024 2023 tu N•T•5t£ to Marnst£ Current Assets 40 $7062 1627 Nètk)rMidè Bumlng S(• kcount Paypal Arxount Total cash funds to rtOWeSt£ 7.829 to n•areJt£ I6729 11 Buikkn Flxed Assets Contsrts 8¢)Ws & plant Total Fixed ta no•r•¥t£ to rnar*Jt£ Gurrgnt Liabilfties Net Currgnt Liabilitlgs NgtAssets 12 Fund8 General F¥Ad 61.Y4S 44727 13 Fund rthny asgot YU483 721463 Totsl fund5 Signed for and on behalf of the trustees of Southcrest Evangelical Church Trustee Date 10
SOUTHCREST EVANGELICAL CHURCH Financial Statements For the year ending 31 Dember 2024 Notes to the accounts For the year ending 31 December 2023 Accounting Policies The financial statements are prepared in accordance with the Charity Reporting and Accounting the essentials guide 2013. Accounting convention Southcrest Evangelical Church is an unincorporated charity in England. The address of the charity is given on page 1 of these financial statements. The nature of the charity's operations and principal activities are set out in the Trustees, Report. The charity constitutes a public benefit entty as defined by FRS 102. The financial statements have been prepared in accordan with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, and UK Generally Accepted Accounting Practice. The financial statements have been prepared to give a 'true and fairf view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view,. This departure has involved following the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has Sin been wrthdrawn. The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest £. Fund Accounting 1 The church maintains various types of funds Rest17Cted funds Restricted funds represent gifts received for specific purposes. There are currently two such funds. 11
SOUTHCREST EVANGELICAL CHURCH Financial Statements For the year ending 31 December 2024 The Building fund represents monies given for the refurbishment of the building in which Southcrest Evangelical Church can run its activities. The Missionary Fund represents monies given to support missionary works, which are reviewed on an annual basis. Unrestricted Funds The General Fund represents unrestricted income that is expendable at the discretion of the trustees in the furtheran of the objects of the charity; although if requested by the beneficiary, funds donated for specific purposes (such as for youth work) the trustees will ensure these funds are correctly appropriated to these. Incoming Resources All incorne is recognised in the statement of financial activities when the conditions for receipt have been met and there is reasonable assuran of reipt. Note this does not include the funds and payments of the following activities where neither the Church nor trustees have assurance of receipt: Toddlers group. Voluntary Income 2 Voluntary income is the principal source of income for the fellowship. Donated income without conditions attached, including that given under Gift Aid and including the Small Donations Scheme gift aid, is taken into account by the charity. Income reiVed in circumStanS where a claim for repayment of Tax has been or will be made to HM Revenue and Customs is grossed up for Tax recoverable, which is completed each financial year. Interest and other income 3 The interest income is from the funds held in the charities bank account calculated at the end of the financial year. 4 The sundry income is voluntary income given to the charity other than that of regular donation collections. Including the use of the Church building for local and general elections, as a polling station. Payments Payments include all expenditure directly related to the objects of the charity and comprise of the following. 5 Gifts Missionary 12
SOUTHCREST EVANGELICAL CHURCH Financial Statements For the year ending 31 December 2024 These are gifts given to missionaries to support the work of the advance of the Christian faith and where needed to support practical needs of those working as missionaries. The payments are given to missionary organisations or directly to the missionaries themselves. below is a description of the gifts, which are reviewed annually by the Trustees. 2P24 2023 Mtsslo Echoes htenHtlorAI D••c •Trof901 Supportthe wort ofthe E¢M)es liternational or anis8ti0n rtin oft missiona activities Support the work of Brass T•cks orgonisation providing pra¢tic81 buljlng supportto misslomries Supportthe s¢hoolin ofa Zambia Chd Support brthewort ofthe BamabLS fiJTrJ where Ihere are nalural orhumanttarTon disastsrs MIssi¢try atd worters PVIdIng practlcal and s Irit1 help to those in need in Moldova CMCT bosed in kndia providlng an 0h4n8ge . S¢hooLs . Hospitsl and handicraft wortshops to al tl need Supports the development ofchildrento leam abou1t Bibk via post and sludybooks in Globall A Christlan $atelite 7V orgarri$•tion producing and tmnsmfding pogrammes inb countrie5 where mlssion WOFkers a not wekome In the Middle East The Haven provtdes practical Wort$P5 And Bible ba5¢d rehabllltètion programmes for men wiifb drug aThJ 8lcohol addidion pobkryms in Ihe B8hama$ Missioworyaid woikers pffjvlding pr8Cti¢al and irit1 hel lo thos? Sn need ITr Albania Christian orgarisalkthn supptsrtfin9 peop in need and helpirrfj them to start busÈn¢sse5 10 su rttherte1ws £2Q).CKS 8rass Tacks £450.() Zambla Barnobas Aid apwals £1ts).QQ É2LKI.th) Mc4dovia CMCT Emmau5 8lble School E4SO.C¢ Sat7 The Have Albania TearFuThl Ukralne (UFM) mtssl0ryald workers pvIdIng pra¢ti¢al and imtl hd to In need In tlw Ukraine. orgas8t1tsn supportlng hospitals and trona The Zambian Bible Se01 to help with t edu¢8tion of Bibk teachin orgaSatIon broadcastong Christian radio ammes to1he Wofld Medi¢al Mts$itirtaryN¢ws Nyang(xnbe Bible School ra Worfd Radio £2Q).tts olal 6 Gifts Other These are gifts given to Christian organisations or full-time workers to support the work of the advance of the Christian faith to support practical needs. These payments are given either to the organisations, or directly to the Christian workers themselves. Below is a description of the gifts, which are reviewed annually by the trustees. 13
SOUTHCREST EVANGELICAL CHURCH Financial Statements For the year ending 31 December 2024 OthorGif• Dmcrfpfjon of ofGIft Amount 2024 Amount 2023 £500.00 CoLnbes F time eaerIsts forts Counties orgarusati0nttr ¢om8 to Teach arKI Preach FL1 tsme eval¥JestforttE Courthes organisation come$ to Take k)cal sclK)ol assen*&es Relired ftjll time missiorIeS are members of the thJr¢h fellowshi still wo1 rtti[r in Zartiia ChTislian TeadErs stpportiThJ cliklren's EdLKaÉon in hjia £200.1 COleS (Local SCI1 Visits) £2,400.00 £2.200.00 Retired MissiorAries £750.00 £iOD.L £150.00 TeaclETS in hjia Tolal £3,300.IH £3.600.00 7 Establishment repairs and Maintenan These include the utility costs Gas and Electricty paid by bank transfer monthly on receipt of involS and water paid every quarter on reIpt of invoices. In 2024 the Gas and Electricity is higher than 2023 due to the increase in energy costs. The repairs and maintenance costs are shared between the unrestricted fvnd of the General fund and the restricted Building fund. Regular Maintenan is always expensed from the General fund whereas any repairs or additional enhanrnents to the building are expensed from the Building fund. This was higher than 2023 due to there being a cost to replace carpets and ntral heating repairs. Establlshment Costs Unrestricted General Restrkted Fund 2024 Buildlng Fund 2024 2023 Gas & Electricity Water Repairs & Mairtenance trtsLrale Totsl Costs £3,277 £203 £1,488 £1.361 £6,329 £4.421 £92 £3.170 £1,217 £8.900 £7,026 £7,026 8 Other Costs These are expenses that are for the running and supporting the church in its day-to- day activities they include= Speakers expenses, which are given to cover travel costs of visrting speakers that are not part of an organisation or a full-time worker. Literature and publicity include the Copyright licence, Posters. leaflets, Magazines, and Study books has increased slightly. Catering and cleaning include the cost of resources required keeping the building clean and providing refreshments at meetings or special events. There was a slight decrease in 2024 over 2023. Sundry items include any other expense that cannot be categorised in 2024 this increased compared to 2024 as where needed assistance support was given to our rnembers that the church feels are necessary to support individuals and families in need. 14
SOUTHCREST EVANGELICAL CHURCH Financial Statements For the year ending 31 December 2024 Othercosts Speakers, ExperEes Literature and Publicity Cateringlcleanirg Sundries Total Costs 2024 2023 £300 £1,481 £1,081 £3,925 £6,787 £0 £1,147 £980 £4,254 £6,382 9 Youth Work These expenses cover any youth work that the church is involved in except that which have their own accounting control, such as Toddlers. The costs for the youth work are mainly for the youngsters on a Sunday morning. We have included the donation to the work of Redditch Youth for Christ this year for the church supporting efft)rts to help young people in Redditch with other churches. There were some costs in 2024 for Oasis camp to support children of families that are unable to completely fund the cost of sending their children to the residential camp that the children attended. The Sundries includes items such as the cost of books for prize giving have been moved to general sundries as we now no longer have a Sunday Club for Children but have incorporated this into the family service. Sunday Club and Youth Work Unrestricted General Fund 2024 2023 Redditch Youth For Christ Oasis Camp SurKlries Total £390 £400 £0 £790 £210 £1,010 £308 £1,528 10 Current Assets The current assets are now only held in the HSBC current account which is a community account with four signatories registered. With the HSBC account Payment by cheque requires two registered signatories. There are currently no accounts set up specifically for restricted or unrestricted funds. 11 Fixed Assets The fixed asset values are taken from the Insuran valuation of the buildings and contents, and no depreciation of the assets has been applied as equipment is replaced on end of life. 12 Current liabilities The Charity pays all its liabilities on reIpt of Invol and has no outstanding liabilities. 15
SOUTHCREST EVANGELICAL CHURCH Financial Statements For the year ending 31 December 2024 13 Funds Current Assets HSBC BANK CURRENT ACCOU CASH IN HAND PAYPAL ACCOUNT BUILDING SOCETY AIC Total Funds held 2024 £57,361 £0 £0 £0 £57,361 2023 £53,527 £0 £0 £0 £53,527 The charity has four main funds three of which are cash funds and one that is an asset fvnd for the building. These funds give the total worth of the Charity. Of the three cash fvnds, the General fund is an unrestricted fund at £51.745 and then there are the restricted funds of the missionary fund £1,622 and the building fund £3994. 16