BURY ST EDMUNDS PREsByTER￿N CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED AUGUST 3L 2024 Registered Charity Numbet 1161627 (date of registration May 12, 2015) Address fot Chatity Cottespondence 121 Wesdey Road Bury St Edmunds Suffolk IP33 3SA Charity Trnstees M D Jolley (Chaitman) IC McGrane (Secretary) G L Macintyie Cfteasuret) Independent Examitier Sarah Place Accountants Ltd Governing Document The Chatity is a trust constituted undet a Ttust Deed dated Novejnber 1, 2014 as amended by a deed dated Apzil 19, 2015. Trustees are appointed by the existing trustees. A trustee who is a minister is pern]itted by the Ttust Deed (as amended) to be a stipendiary. Objects 'rhe objects of the CEwity are to advance the Chtistian re]1￿"0n in accotd2nce with the Westininster standatds, to the glory of God and fot the benefit of all mankind everywhexe. Activities and Publlc Benefit In planning activities the trustees have considered the Commission's guidance on public benefit All￿ in particu]ar, the specific guidance on chatities fot the advancement of teligion. The Charity principally satisfies the pub]ic benefit requirement through providing the means to hold setvices of public worship) by the ptovision of suitAble space therefor and of fi￿-time minist￿]21 support theteto and for pastoral setvices in the local community. Effectively to promote the Chatitrfs objects fot the public benefiL the Charitrfs ptincipal activities necessitate ￿thering in person for the ptoTrrysion of Ch￿Itable services. The Charity does not own propety or real estat4 and hited the New Bury Community Centre on Bury St Edmunas, Howata Estate to conduct its Chttstian mioistty for the pub]ic benefit. Services of public wotsbip ate advertised and are open to all without chatge. Recotdings of sernons 2re uploaded and ftedy 2vailable to all via the Interne¢ and Christian Jiterature ts displayed and available without chatge. The Charity te]ies Lxtensively on volunteet support to provide and conduct the tange of Its se£vices and activities. Page l of 2 Achievements and Perfomiance Bury St Edmullds Ptesbytetian Church ('TSEPC'? is committed to en2b]ing as many people as possible to wotship and serve the living God, and to be instrutted in the Chtisti2n faith. BSEPC held seThices of pub]ic wotship morning and evening each IL)rd's D2y tbtoughout the year. Sunday School dasses for chlldren and a Study Class for adults were hdd most Lotd's Days. Regu]at Bible studies and prayer meetings wete hdd dwing the weeK as well 2s outreach activities fot patents and younw childten within the Community Centre. The Lotd's Suppet was &equendy observed when the Ch￿ch was gathered, and over the course of the yeat three childten weze baptized. The chutch strengthened its leadership and ministry tesources with the ordination 2nd installation of Rev. David Matthess in January 2024 alongside Rev. Matthew Jolley. The three ch￿lty trustees are eldets of the Church. During the year the Church decteLI otdained and installed three deacons to assist the dders in their work. Extensive pastoral visitation was undertaken, especially by Revds Jolley and Matthess. Financial Review Accounts have been ptep2ted on a cash accounting basts in accordance with Section 133 0£ the Charities Act 2011, repotting rec¢ipts and payments with a statement of assets and liabilities. Receipts of £88,688 fot the year (previous year £85,876) comprised donations of £76,518 (gtants £nil), investment income of £825, 2nd Gift Aid recovery 0£ tsx of £11,345. The chutch made 8tarttS grta distributions of £3,125 during the accounting yeat (ptevious yvar £1250). As is usual for a charity of this type and size, a significant proportion of the payments of £96,000 (previous year £67,035) rdates to stipend 9lld ministeri2l suppor¢ which increased to support two ministets. Pairyi]ents exceeded teceipts by £7,312, the deficit being funded £rom teserves. This compares ith a sU￿]uS of £18,841 fot the previous year. Resetves policy The policy of the trustees ts not to accumulate tesetves but to use tesetves iti the promotion of the Chatity's objects, and mointain a ba]anc¢ on untestricted funds that equates to at least six months, unrestricted payments to cover unfoteseen situations that may arise from titne to time. In hght of the main tAsks facing the Charity the ttustees consider the cuttent level of tesetves and theit use (as necessary) to fund annual deficits satisfactory. Signed by all T￿￿treS M D Jolley Date: K McGrane Date.. G L Macitityte Date: Z1Sf Page 2 of 2 RECEIPTS AND PAYMENTS ACCOUNTS Charlty Name Bury St Edmunds Presbyterian Church Charity Number 1161627 For the Period From 01.09.23 31.08.24 Section A- Recei ts and Pa ments Al - Recelpts Note Unrestrirted Funds Restricted Funds Totsl Funds Last Year Offerings Gift Aided Income Tax Recovered on Glft Aid Grants Received Deposlt Account Interest Other Sub- Total A2 - Asset and Investment Sales Total Recel ts 41211 35307 11345 41211 35307 11345 60862 19209 5255 825 825 550 88688 88688 85876 88688 88688 85876 A3 - Payments Note UnrestriLted Restrlcted Funds Totsl Funds Last Funds Year Stipend {Inc. Employer's Nl) Visiting Speaker Expenses Travel Expenses Children's and Youth Work Catering and Kitchen Supplies Publlclty Printing and 5tatlonery Books and Copyright Licences Rent and Insurance Miscellaneous Expendlture Grants & Diaconal Distributions Other Sub - Total A4- Asset & Investm't Purchases Total Payments 73713 600 915 640 1775 504 iio 290 12676 811 3125 73713 600 915 640 1775 504 iio 290 12676 811 3125 46168 2260 1109 1066 563 302 34 231 13541 511 1250 95159 841 96000 95159 841 96000 67035 67035 Net Receipts and Payments (7312) (7312) 18841 A5 - Transfers Between Funds A6 - Cash Funds Last Year End 201818 201818 182977 Cash Funds This Year End 194506 194506 201818 Section B - Statement of Assets and Liabilities at the End of the Period Bl - Cash Funds Note Unrestrlrted Funds RestTirted Funds Totsl Fund5 194506 Bank Statement Balances Plus Unpresented Receipts Less Unpresented Cheques Total Cash Funds 194506 194506 194506 82 - Other Monetary Assets Debtors Other Total Other Monetary Assets Note Unrestrlcted Funds 2284 Restrlrted Funds Total Funds 2284 2284 2284 83- Investment Assets Note Unrestrirted Fund5 Restrirted Total Funds Funds None Total Other Monetary Assets B4- Assets Retalned for the Chari '$ Own Use Piano Other Equipment Total Other Moneta Note Unrestricted Funds 2500 700 3200 Restrirted Total Funds Funds 2500 700 3200 Assets B5 - Llabllltles Note Unrestrlcted Funds 3401 Restilcted Funds Tot•1 Funds 3401 Credltors Other Total Other Monetsry Assets 3401 3401 Trustee Signature Trustee Name Date of Approval 21.S.25 Notes for the Accountin Period 01.09.23 to 31.08.24 11 Offering5 included a total of £3,550 recelved from Charities Aid Foundation America. No offerings were received from individual donors residing outside the UK. 21 Gift Aid recovered from HMRC and banked in the year to 31.08.24 relates to donations received in financial years 2022123 and 2023/24. 31 During the accounting perlod the charity paid one trustee as an office holder, The Rev Matthew Jolley, who received a stipend in hls capaclty as full-time minister of the church. 4) During the accounting period diaconal distrlbutions totalling £3,125 were made in response to needs identified by the Trustee5. 5) Asset Purchases totalling £841 were for audio {£5811 and catering1£260) equipment. 61 No conduit fundlng transattions took place during the yearto 31.08.24. Independent Examiner's Report to the Trustees of Bury St Edmunds Presbyterian Church I tepott on the accounts of the Church (Regtstered Chatity Nutnbet 1161627) fot the year ended 31" August 2024. Respective ResponsibAlities of Trnstees and Examitiet The chatity's trustees are responsible fot the preparation of the 2ccounts. The ch2tity's trustees consider that an audit is not requittd for this yeat undet section 144(2) of the Charitics Act 2011 (the 2011 Act) and that an independent examination ts needed. It is my responsibility to: examine the accounts under section 145 of the 2011 Ac¢ to follow the piocedutes laid down in the gener21 Ditections given by the Charity Con)mission undet section 145(5)(b) of the 2011 ACL and to stste whether pafjicular matters have come to my attention. Basxs of Independent Examinees Report My ex2min2tion was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting recotds kept by the chatity and a COMP￿lSOn of the accounts pxesented with those records. It also includes consideration ()f any unusual items or disdosutes in the accounts, and seeking explanatiuns from you as trustees concetning any such thatters. The ptocedures undertaken do not provide all the evidence that would be tequired in an audit and consequently no opinion is given 2$ to whether the accounts present a 'true 2nd fait Vie￿ and the repott is limited to those m2ttets set out in the statement below. Independent Examinees Statement In connection with my examination, no matter has come to my attention: . which gives me reasonable cause to believe that iJ] any m2teJial tespect the requirements: to keep accounting recotds in accoidance with section 130 of the 2011 Act. and to ptepate accounts which accord WAth the accounliAg records 2nd comply vjith the accounting requirements of the 2011 Act have not been met" ot 2. to which, ia my opinion, attention should be drawn in order to en2ble 2 propet understanding of the accounts to be teached. Name: Relevant professional qua]ification or body: A Address: IT LU6, Ropr¥J , eomu ff￿0 S, Date: