CROYDON CHURCH OF THE NAIARENE FINANCIAL STATEMENTS & TRUSTEES. REPORT YEAR ENDED 30 SEPTEMBER 2025 Charity number 1161652
CONTENTS Page Trustees. rewrt Independent examiner's report Receipts and payments accounts Statement of assets and liabilities Notes to the accounts 11>12
Croydon Church of The Nazarenè Report of the Board of Trustses for the year onding: 30th Septomber 2025 The Board of Trustees presents its report and financial statements for the year ending 30 September 2025. Ref•ronce and Administratlv• Infomiation: Charity name.. Croydon Church of The Nazarene Charity Registration Number.. 1161652 Principal Add$$. Lower Addiscombe Road, Croydon, CRO 6PQ Board of Tru8teo8: Reverend Jeremy Smith {Chairl (Appointed August 20241 Busi$iwe Gumbi (Appointed 28, January 20241 Margaret Shambare (Appointed 28th Janu8ry 20241 Chichi Etteh (Appointed February 20251 The Chair is ex officio by virtue of hislher office a8 Pastor of the Croydon Church of The Nazarene. Holdlnglcustodlan Trte?. Church of the Nazarene British Isles South Di8trict {A Charitable Company Limited by Guarantee.. Company No 7028764 Web8Ste'. www.croydonn8z8rene.org Bankor8: Barclays Bank, 1 North End, Croydon CR9 1SX Independent Examln&r'. Simona Slanfield, 19 Nethercote Avenue, Manchester, M23 1 LL
Croydon Church of The Nazarene Report of the Board of Trustees for the year ended 30 September 2025 Stru¢ture, Governance and managemont Structure and Organisation The charitable incorporated organisation ICIOI w8$ set up on 13 May 2015 and is registered with the Charity Commission for England and Wales - registration number 1161652. Trustee Appointmonts The Pastor of the church is ex-officio chairperson of the Board of Charity Trustees and hislher position is reviewed after Iwo years and then every four years after that. The remaining Trustees are elected annualty by the members of Croydon Church of The Nazarene at the Annual General Meeting held in JanuarylFebruary each year. Governance and der Network The Board of Trustees meets regularly, normally on a bi-monthly basis to consider the work and management of the church and assess and plan the financial and other aspects of the work and direction of the charity. The churchiCIO is a member of the Church of The Nazarene British Isles South District la Charitable Company Limited by Guarantee. Company No 07028764; Charity No 11333361 which in turn is a member of The Global Church of The Nazarene which has its headquartefs in Lenexa, USA. The CIO is governed by an approved governing constituting document drawn up by Anthony Collins, Charity Solicitors, Bimiingham and approved by the Charity Commission for England and Wales and HMRC. The goveming d(tument is based on the Manual of the Global Church of The Nazarene where UK law permits. Risk Management The risk management strategy of the church is in a continual process of formulation in response to the changing circumstances that could impact upon the work of the church. The Board of Trustee$, in considering this important task, take direction from oTrgoing discussions with members both internally and through meetings with the Church of The Nazarene British l$les South District and other advisers, adopting appropriate policies a8 required or as they become necessary to the ongoing work of the church. Objectives and Activities Charitable ObjeGtivg$ The charity ha$ the following objectives.. al The advancement of the Christian faith as part of the Global Church of The Nazarene and the Church of the Nazane British Isles South District.
bl To serve and enhance the k1 community for the glory of Gcrfj Public Benefft The Trustees have had due ward to the Chaiity C(ynmission guidance on public benefit reporting in (leciding what actNilies the charity shoukl undertake. This retM)rl illustrates the activities undertaken lo supwrt the public benefft requirement Review of the Year A year of blessings over the last year. Though there have been some struggles, the arrival of crtjr new pastor was a great relief. The church has seen a steadying of attendance and some new ministries have begun thk8 year. Namety new prayer limes on Tuesday evenings and on Thursday nJ)mings. Also intrcKluced were new Bible Studies on Saturday momings and with the change in minister the church has steadied, and a rhythm of neH ministry has wged. The church also brought fve new people into official membership. A highlKJht of the year was a joint service wilh our Clapham Junction Church for Christmas Carols during advent. The church pastor also launched the Paslors Proieci to help make thanges to our sanctuary with a new platfom Ing buitt and the wood Iloors vamished after a long time since they were 18St done. Finally, a new ¢8rpet was bought. all of this work was completed with the help of the church famity donating towards this project. This has all gone a long way to maintaining the building and freshening up our worship space. 2. What are some of the minlstry challenges from the past year? With Pastor Davis and hts hard-working girts leaving at the beginning ofApril, a huge void was in Ihe work of the church. The board of trustees, trimmed from 6 members to three, was even more challenging. plodded on in God's grace and wisdom, as he promised. 'Th)thing is loo difficult for him., The renovations at the Manse were (Kganised and work was compleled. The Manse was cleaned and tidied ready for the new occupants. The most difficuft Lqsk was the search for a Pastor. With the guidance from the DS and thankfulty excellent communication and commitment from Mrs Lola Barrett. everything seenkd to fall into place even at times when it fe overwhelming. While we searched for a Pastor, church servi$ needed preachers and amazing grace! Ml seNices were covered by Pastors from surrounding churches and our God sent saints WI stepped in gracefully whenever we called on them. We thank God for hts failhfulness to our church in a space of about 4 months from saying goodbye to Pastor Davis we weknmed Pastor Smith into our church. 3. What are some of y4)ur hopes and plans for the year to come? As a church board we are currentty kK)king to begin new ministries that will truty impact the local comrnunty in posilive ways. This is requiring some research and shaping as we delve into what our Missional Focus will be. So, we ask that you join us in prayer as we as a church and our church leaders shape this next part of our ministry together in Croydon. One of our aims thts next year is to r&8¢h out in new
ways into our community and serve those who live locally as a church. Our hope is thal we as a church will grow through this engagement with our local community. Rese89. The charity has a reserves policy of keeping £2,000 to be used in the event of emergency repairs being required on the buildings. The expenditure and work of the charity is reliant upon the ongoing support, tithes and offerings of the members and friends reiVed al the weekty meetings. The Board of Trustees review5 on a bi- monthty basis the anlicipaled income and expenditure for the next two to three months in order to ensure the ongoing work of the charty. Financial Review: The accounts for the financial year October 2024 to September 2025 show a net deficit of £6.175.08 with a deficit of £7,225.33 in unrestricted funds and a surplus of £1,050.25 in restricted funds. This is largely due to the employment of a new Pastor for the church. During the year, adjustments were made to the Pastor's hours to reduce expenses and efforts are also being made to increase the income of the church. As such. the trustees don't expect this large deficit to be repeated in the next financial year. Plans for Future Periods: The Board of Trustees meets bi-monthty to plan for the immediate and long-term future of the Church. Declaration The TTUStees Report VRS approved by the Board on the .... is signed on their behalf by.. Rev'd J. Smith (Chair) Mrs M. Shambare (Secretary)
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CROYDON CHURCH OF THE NAZARENE FOR THE YEAR ENDED 30 SEPTEMBER 2025 I report on the receipt and payments accounts of the charty for the year ended 30 Seplembef 2025. which are sel out on pages 8 to 12. Respactlvo responsibilllles of trustees and oxaminer The charity's trustees are respsible for the preparation of the accounls. The charity's tfuslees consider that an audit is not required for this year under section 144 of the Chanlies Act 2011 {the Charities Act) and that an independent ex8min8tion is needed. 11 is my responsibilty to: examine the accounts under sectN)n 145 of the Charities Act,. follow the procedures laid dtywn in the general Directions given by the Charity Commission under section 145{5)(b) of the Charittes Act", and state whether particular matters have come to my attentton. Bas1$ of Independont examinor's roport My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of Ihe aOuntIng records kept by the charity and a comp8rison of the accounts presented viith those rerds. 11 also includes ¢onsideralion of any unusual items or disclosures in the accounts. and seeking explanations from you as trustees conceming any such matters. The prdureS undertaken do not provide all the evidence that would be required in an audit and c(SeqUentIY no opinion is given as to whether the accounts present a 'true arKI fair vth¥' and the rewrt is lirniied to th08e matters set out in the slalemenl below. Indep•nd•nt examIn•8 *tat•m•nt I have completed my examination. l Mnfimi that no material matters have come to my allenlion In connection wrth the examination wllich gives rn cause to believe that in, any material respect: the accounting records were not kety in ¢dance with secti¢)n 130 of the Charities Act., or the accounts did not a¢oyd with the accounting records,. or the a¢counts did not compty with the applKable requirements ¢on¢eming the fomi and content of accounts s6t out in the Charilies (Accounts and Reports} Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examlnation to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 23Tr1 Juty 2026 S Stanfield
Croydon Church of the Nazarene Receipts & Payments Account Year Endod 30109125 Unrestrictod Restricted Funds Funds Total Funds Income Charitable A¢tivtties Donations & Legacies Gift Aid Tax ReiVed Investment Income Refunds Room Hire 702.L 20.380.96 4.300.08 102.68 1.01 3,610.00 29.096.79 702.06 23,119.97 4.300.08 102.68 1.01 3,610.00 31.835.80 2.739.01 2,739.01 Expenditure Charitable A¢tNities Church Facilities Church Resources Manse Costs Staff Costs other Expenses 135.91 5,458.63 1,672.49 4.236.07 20.143.77 4,675.25 36,322.12 135.91 6,597.26 1,688.07 4,236.07 20,143.77 5,209.80 38.010.88 1.138.63 15.58 534.55 1,688.76 Net Balan for the Year Balance Brought FoThvard Transfers Balance Carried FOrrt 7.225.33 7.181.12 1.286.00 1,050.25 3.064.46 1.278.06 6.175.08 10,245.58
Croydon Church of the Nazarene Assots and Liabilities as at 30 September 2025 Cash Funds Barclays Currenl Account Barclays Savings Account Monzo Account NMI Account Unbanked Cash Totsl Funds Held 1.316.37 3.061.74 378.41 78.74 4.078.44 All interests in Real Propety are held in the name of The Church ot The Nazarone British Isles South District as Holding Trustees on the Model Trusts. Declaration These financial statements were approved ty the trustees on 27• June 2025 and are signed on their behalf by= Re¢d J. Smith {Chair) Mrs M. Shambare (Secretary)
Croydon Church of the Nazarene Notes to Accounts for the Year Ended 30 septernr 2025 Yoar Ended 30109125 Unrestricted Restricted Funds Funds Total Funds Note 1 Activities Income Kids Prai$e Vintage Sale 30.00 672.06 702.06 672.06 702.06 Unrestricted Funds Rostrictod Funds Totsl Funds Actlvites Expenditure Kids Praise 135.91 135.91 135.91 135.91 Year Ended 30109125 Unrestrict Restricted Funds Funds Totsl Funds Note 2 Donations & Legacies Events Fund Donation General Donations NMI Pastols Project Donions Sunday School Tithes & Offerings 21.10 21.10 1,250.00 526.61 2,189.76 1.54 19,130.96 23,119.97 1.250.(K) 526.61 2,189.76 19.130.96 20,380.96 2,739.01 Year Ended 30109125 Unre5tr1cted Re$tri¢ted Funds Funds Total Funds Noto 3 Church Facilities He & Light Insurance Intemet Pastovs Project Expenses Repairs & Maintenan Water 2.570.09 1.798.40 446.76 2,570.09 1,798.40 446.76 1.138.63 351.15 292.23 6,597.26 1,138.63 351.15 292.23 5.458.63 1.138.63 10
Year Ended 30109125 Unrestrlcted Restricted Funds Funds Total Funds Note 4 Church Resources Christmas Tree Creche Items Equipment Flowers Hospitalty Licences & Subscriptions Resour$ Slationary 88.00 52.50 968.90 88.00 52.50 968.90 15.58 112.87 288.89 145.37 15.96 1,688.07 15.58 112.87 288.89 145.37 15.96 1.672.49 15.58 Year Endod 30109125 Restricted Funds Totsl Funds Nots5 Manse Costs Council Tax Insurance Funds 3.618.84 617.23 4.236.07 3,618.84 617.23 4,236.07 Year Ended 30109125 Unro8trlcted Restricted Fund• Funds Total Funds Noto 6 Staff Costs Salaiies Training 19,943.77 200.00 20.143.TT 19,943.77 200.00 20,143.77 Year Endod 30109125 Unrestricted Rostricted Funds Funds Totsl Funds Nots7 Other Expen Accountancy Church Website District Assembty District Budgets Gifts 852.83 75.60 115.00 3.545.88 85.94 4,675.25 852.83 75.60 115.00 4,080.43 85.94 5,209.80 534.55 $34.55 Noto 8 - Dlsclosur• of trustees. remuneration and boneffts Rev Jeremy Smith (Chair of the Trustees) received £19,943.77 in salary payments for his rol8 as Pastor of the church. He also has use of Ihe church manse. which includes council tax payments of £3.618.84.
Note 9- Disc105ur• of trustee donations During the financkal year October 2024 to September 2025, 4 trustees paid £7,753 in donations to the charity. 12