Saltisford church TRUSTEES. ANNUAL REPORT AND ACCOUNTS 2024 Albert Street Warwick, CV34 4JX Tel. 01926 496779 email: office@saltisfordchurch.org.uk worshipping God - explaining our faith serving the community
TABLE OF COIVTEIVTS GENERAL INFORMATION................................................................................ TRusfEES' REPORT.......................................................................................... 2.1. Introduction.......................................................................................... 2.2. Structure, Governan and Management..... 2.3. Objeclives and Attivities..... 2.4. Achievements and Perfomance............................................................ 2.5. Financial Review . 2.6. Future Plans.......................................................................................... INDEPENDENT EXAMINER'S REPORT TO THE TRusfEES OF SALTISFORD CHURCH...................................................................................... 3.1. Responsibilities and basis of report....................................................... 3.2. Independent examiner's statement....................................................... ACCOUNTS AND FINANCIAL sfATEMENTS.................................................. 4.1 . Financial Activities...... 4.2. Assets and Liabilities..................... 4.3. Notes to the Financial Statements... .10 Accounting Poliaes........................... -10 Unrestricted Fund Payments Detail................................................. 11 Staff Costs.......................................................................... Voluntsry Receipts and Receipts from Charitable Activities............. 12 Restricted funds.................. .... -12 Related Party Transactions . -13 Contingent Liabilitie5....................................................................... 13 Ultimate Controlling Party............................................................... 13
SALTISFORD CHURCH ANNUAL REPORT AND ACCOUNTS 2024 GENERAL INFORMATION Charity Registration NumLEr 1159404 Trustees M Wells (Chairman) S E Foster (Secretsry) R P Osborn JERose R J Mathers (apinted 19 June 2024) Treasurer S E Foster Address Altert Strt Warwick CV34 4JX Independent Auditors Burgis & Bullock Chartered Accountants 23-25 Waterlo) Pla Warwick Strt Leamington Spa CV32 SLA Principal Bankers C4F BANK Limited Kings Hill West Malling Kent ME19 4JQ Page I
SALTISFORD CHURCH ANNUAL REPORT AND ACCOUNTS 2024 TRUSTEES, REPORT Introdurtion The Trustees of sa1Sford Church present their rert and accounts for the period ended 31 December 2024. The accounts have been prepared on a Receipts and Payments basis. Saltisford Church is an independent fellowship of Christians from Warnid(, Leamington Spa and surrounding areas. Structure, Governance and Management Saltisford Church was estsblished as a Charitsble Incorporated Organisation (CIO) under a Constitution dated 2 November 2014 and registered with the Charity Commission as Charity No 1159404. It is governed administratively, under the terms of Clause I l of the Constitution, by a tJ)ard of TrUStS who are appjinted by a resolution passed at a properly convened meeting of the Trustees. The CIO is managed by five truSts. M Wells - Chairman S Foster - Secretary J Rose R 05born R Mathers (appointed 19 June 2024) The spiritual leadership of Saltisford Church is the responsibility of the Leaders of the Church. The Leadership of Saltisford Church at the IEginning of 2024 was J Rose, J Morris, J Moir, S Solt and N Cole. S H(YxJ joined the Leadership Team in February 2024. There were four salaried staff in 2024. 1 Moir, Youth and Children's Worker, led and ciTr ordinated the work amongst children and young people. The Church employs a part-time Community Outreach crdinatOr, and a part-time Church Administrator. The Church also employed a cleaner on a part-time basis who retired in July 2024. The Charity's ntre of activity is the Church property in Albert Street, Warwick. Ownership of this property is vested in the CIO. Page 2
SALTISFORD CHURCH ANNUAL REPORT AND ACCOUNTS 2024 Objectives and Activities Saltisford Church seeks to care for the current members of the fellowship and reaches out to others. It has three core objectives as summarized in the CIO Constitution: l. The advancement of the Christian religion tJ)th in the United Kingdom and overseas. 2. The advancement of religious or other education. 3. The relief of the PCK)r, sick or disabl&l. Public benefit is specifically referred to in the CIO Constitution and the Trustees have complied with the duty in Section 17 of the Charities Att 2011 to have due regard to the public benefit guidance published by the Charity Commission in their decisions Conrning the objective5 of the charity. The 'publid has induded men, women and children from the local community around Saltisford Church, other parts of Warwid( and from the surrounding towns of Leamington Spa, Kenilworth and Stratford-upon-Avon; the 'benefiV has teen in accordan with the aims and objectives of the charity as summarised aLx)ve. The following summarizes the principal attivities of the Charity in 2024 in fulfillment of the Objettives set out abjve: The Church met for an all-age, infonnal worship Servi each Sunday morning, in line with Objectives l and 2 alyjve. Programme induded worship, prayer and Bible teaching. Young persons, activities involving children's Sunday moming 'Bible Discovery, groups and Tnage groups. Communion was shared approximately monthly. 'Junior Church, was held monthly involving young people's prayer and worship. A prayer ministry team offered personal prayer each Sunday morning after the morning servi. Wk-daY attivities that are in line with all Objectives ab)ve: Cell groups were held weekly on Tuesday and Thursday evenings and Wednesday mornings, providing help, support and encouragement to individual members. A day-time mIdwk mtIng was held each Wednesday at the Church, which included worship, prayer and Bible teaching. Meetings for prayer, both in rsOn and online, were held at various times each week. A women's social gathering called Knit & Natter was held weekly on Friday mornings, attended by people from the congregation and the local community. Page 3
SALTISFORD CHURCH ANNUAL REPORT AND ACCOUNTS 2024 A Women's Breakfast event was held monthly on a Saturday morning for teaching, fellowship and mutual encouragement in the Christian Faith. A Men's Bakfast event was held monthly on a Saturday morning for mutual encouragement Youth group actrvities were held each Friday evening in the Church premises from the beginning of the autumn schcol terni. The Toddler group for parents and carers, called "Little Fishes was held in the Church premises each Monday morning. A monthly Autism Café was held on Saturday afternc(Jns with the Church building opening for three hours providing a supeNised safe Spa for families affected by autism for relaxation and play. This is in line with Objective 3 above. Warwick District Fcthbank, seeded by Trussell Trust, operated a foodbank from Saltisford Church each Friday afternoon. A Community Cafe was held in parallel with this, each week. This is in line with Objective 3 ab)ve. We continued to part of the IoGal Wami Spaces initiative, opening the Church Building on Thursday and Friday each week. Other activities consistent with Objectives l & 2: A Saturday morning children's activity event was held called 'Sp13t-a-day'on a monthly basis. Work in local schools supporting Crossteach, a Ifxal charity focusing on teaching the Christian faith in schools with our Youth and Children's Worker. The Church organized a Fun Day in August in the churth building that was attended by some 100 people from the IOGII community. Monthly craft evenings were held at the Church premises, induding a Christian talk. UK and Overseas Christian mission work, consistent particularly with Objectives 2 & 3, involving both finanaal and prayer support for development, relief work and training UK work consistent with Objective 3 involving both prayer and financial support for counselling serVIS Page 4
SALTISFORD CHURCH ANNUAL REPORT AND ACCOUNTS 2024 Achievements and Perforniance In line with our core objectives, we are pleased to report the following during 2024:_ The Sunday morning in-person Servi were conducted throughout 2024, whilst maintaining a live ZOOM link for those unable to attend in person. During 2024 the Saltisford FcMJJbank continued to 0rate to serve local people in need. Refer to Warwick District Fdbank Annual Rew)rt for fvrther infomiation. The monthly craft evenings held at the Church attracted attendances of around 12 rEople. The weekly Little Fishestoddlers group regularly attratted around 40 children. The monthly Saturday moming 'Splat-a-day- sessions for children and families have attracted 40 to 50 children plus their parents, grandparents and guardians. We gave £43,275 in support of Christian and aid work in other countries and a fijrther £10,550 in SUPFM)rt of local and national Christian work in the UK. Financial Review The net receipts in the year, as shown in Section 4. 1 amounted to £42, 140 made up of receipts of £36,565 from funds for use at the Church's discretion and receipts of £5,574 from funds restritted for purposes srecified by the donors. Funds for the worl( of S31tisford Church come principally from voluntsry donations from the congregation of the urCh. In addition, some receipts come from charitable activities such as hire of the buildings, youth and tCMJdler groups, and occasional meals. The reserves lIcY of the Trustees is to maintsin sufficient funds for the ongoing activities of the Church for a period of thr months. The nomial fluctuations in income and expenditure indicate reserves for this purpose of approximately £30,000. Funds in excess of this level will, in the absen of any special need, be regarded as available for current use, with any major projects being funded by special apFeals. Page 5
SALTISFORD CHURCH ANNUAL REPORT AND ACCOUNTS 2024 Future Plans The pr¢xess of recruiting a fvll-time leader to join the Leadership continues. The Trustees consider that the present strategies are working satisfactorily with attivities that are enabling the Church to achieve its aims and objectives. On behalf of the Trustees M Wells Chairman 30 Jul 2025 Date: Page 6
SALTISFORD CHURCH ANNUAL REPORT AND ACCOUNTS 2024 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SALTISFORD CHURCH I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2024 which are set out on pages 9 to 13. Responsibilities and basis of report As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 Cthe ACY). 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 C(mmission under section 145(5)(b) of the Act. Independent examiner's statement 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: l 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. I have no concerns and have come across no other matter in connection with the examination to which attention should be drawn in this rew)rt in order to enable a proFEr understanding of the accounts to be reached. Wende Hubbard FCCA Burgis and Bullock Chartered Accountants 23-25 Waterloo Pla WaiCk Street Leamington Spa CV32 SLA Date: 30th July 2025 2025 Page 7
SALTISFORD CHURCH ANNUAL REPORT AND ACCOUNTS 2024 ACCOUNTS AND FINANCIAL STATEMENTS 4.1. Financial Activities srATEMENT OF FINANCIAL AcfIvITIES ReIpts and Payments Account For the year ended 31 December 2024 Unrestricted Funds Restritted Funds Total 2024 Total 2023 Note Receipts Incoming resource5 Voluntary receipts 125,271 69.272 194.543 177,948 Interest received 7,130 7,130 4,838 Receipts from charitsble activities 6,251 820 7,071 11,385 Total receipts 138,652 70,092 208,744 194,171 Payments Expenditure in furtherance of the charitvs objectives Charitable activities 93.323 4.078 97.401 95,724 Gifts made 1.125 59.224 60.349 58,084 Governance costs Asset and investment purchases 1,109 loo 1,209 1,242 6,529 1.116 7,645 1,137 Total payments 102,086 64,518 166,604 156,187 Net ReiptsIPaYMents for the year 36.565 5.574 42.140 37,984 Cash funds brought fOard at l January 2024 188,144 25,811 213,955 175,971 Cash funds carried forward at 31 December 2024 224,709 31.385 256,095 213,955 The Notes in Section 4.3 fonn part of these financial statements. Page 8
SALTISFORD CHURCH ANNUAL REPORT AND ACCOUNTS 2024 Assets and Liabilities srATEMENT OF ASSEfs AND LIABILrrIES At 31 December 2024 Unrestricted Restricted Totsl Total Note Funds Funds 2024 2023 Cash balances Cash in hand 227 CAF Current account CAF Gold account CAF Card account 100 loo loo 46,232 477 31,385 77,617 477 125,774 454 lQ'ngdom Bank Charity Bank 90,291 87,609 224,709 90,291 87,609 256,095 87,400 31,385 213,955 Other monetary assets Gift Aid tax redaim due 1.664 1,664 135 1,799 1,799 1,408 135 Land and buildings Furniture and equipment 1,286,634 77,380 1.364,014 1,286,634 1,286,634 77,380 69,735 1.364,014 1,356,369 Liabilities HMRC - PAYE and Nl 387 387 445 Suppliers accounts 746 746 710 1,133 1,133 1,155 The financial ststements in Section 4 were approved by the Trust on M We115 Chairman 30 Jul 2025 Date: Page 9
SALTISFORD CHURCH ANNUAL REPORT AND ACCOUNTS 2024 Notes to the Financial Statements l. Accounting Policies Basis of Accounting The Statement of Financial Activities has bn drawn up on a receipts and payments basis. Statement of Financial Activities Donations and other income are credited in the in which they are received. These are analysed beeen unrestricted and restricted funds. Exrenditure paid out in the year is also assigned to unrestritted or restritt&l funds. Statement of Assets and Liabilities Cash funds are listed in detail with amounts at 31st December 2024 which are in agreement with the balan carried forward on the Ststement of Financial Activities. Other monetary assets - Income tsx recoverable under the gift aid scheme which had not b*n received by the end of the year. Assets retained for charity's own use are stated at their current insured value. Liabilities include PAYE and National Insurance due on December salaries but not yet paid to HMRC and suppliers accounts outstanding. Page 10
SALTISFORD CHURCH ANNUAL REPORT AND ACCOUNTS 2024 2. Unrestricted Fund Payments Detail Chari Costs Govemance Costs 2024 Total 2023 Total Purchases Stsff costs Local outreach Pastordl support Training and resour5 Youth & children's work External speakers Building and utilities Equipment maintenance and purchase Support and seNice costs Speafic gift payments Legal, bank & accounts examiner fees 50,956 8,216 4,967 703 2,507 2,832 13,365 933 8,844 1,125 50,956 8,216 4,967 703 2,507 2,832 13,365 7,462 8,844 1,125 1,109 45,639 9,804 11,039 731 4,211 1,168 8,988 2,009 7,544 6,529 1,109 1,067 Total unrestricted fund payments 94,448 1,109 6,529 102,086 3. Staff Costs 2024 2023 Salaries Pension costs Recruitment and trainiThJ Expenses 48,474 3,189 548 416 44,118 2,598 320 163 Average number of full-time equiwdlent employees Included within staff costs is £1,671 relating to restritted expendtture and £50,956 relating to unrestricted expenditure. No employee received emoluments of more than £60,000. Pension costs are amounts paid to independent Fension providers. In common with many churches, a very significant part of the attivities of the Church is stsffed on a voluntary basis. The fellowship operates a lay ministry in all of its funttions. The TrUStS are all actively involved in Church activities. Page 11
SALTISFORD CHURCH ANNUAL REPORT AND ACCOUNTS 2024 4. Voluntary Receipts and Receipts from Charitable Activities Voluntary reIpts are donations to the work of the churth. Receipts from charitable attivities arise from individuals and organisations paying for some church attivities such as youth weekends, tochjler groups and for hire of the buildings. 5. Restricted funds The income funds of the Church include restricted funds comprising the following unexpended balances of donations held on trust to be applied for specific purposes (figures include tsx recoverable under gift aid which has Ien received from HMRC): Cost of vin Mission lfiC rt Gifts Su Buildin ort Fund Total At l January 2024 Incoming Resour. Donations Payments in furtheran of the charity's objecbves: Gifts made 19,671 1,214 3,127 1,799 25,811 64,800 4,842 450 70,092 (53,825) (5,499) (3,277) (1,799) (64,400) 118 118 Costs At 31 Dember 2024 557 300 Mission Support is administered in a separate budget funded by gifts ft)r that purpose. ExrEnditure comprises gifts made to organisations and individuals engaged in Christian work and is analysed below by the area served and type of recipient: 2024 Total 2023 Totsl anisations Indimduals Local National 1,860 1,000 8,700 1,850 6,660 850 850 International Totsl Specific Gifts are those where the donor has requested that the gift be passed on to a Specific individual, organisation or project. Such gifts are only accepted if the resulting payment is within the scope of the Objectives of the Church. Page 12
SALTISFORD CHURCH ANNUAL REPORT AND ACCOUNTS 2024 6. Related Party Transactions The Trustees received no remuneration, reimbursement of expenses during the year amounted to £546 to a total 3 trust (2023: £447). 7. Contingent Liabilities The Church had no contingent liabilities or leasing commilJnents at 31 December 2024. 8. Ultimate Controlling Party The Church's ultimate controlling party is the Board of Trustees. Page 13