Emmanuel Church Marlborou h g ## Registered charity number 1162884 Emmanuel Church Marlborough Trustees’ Annual Report for year ending 31 August 2023 Trustees’ Annual Report to 31 August 2023 1 Emmanuel Church Marlborough ## **Reference and administration details** Charity name EMMANUEL CHURCH MARLBOROUGH Registered Charity No. 1162884 Charity’s principal address Emmanuel Church, New Road, Marlborough, SN8 1AH ## **Names of the charity trustees who manage the charity** Trustee name Office Dates acted if not for the whole year Mr Reuben Mann Chairman Mr Bruce Evans Mr Graham Hilton Mr Michael Prest Mr Peter Keighley Treasurer Mrs Caroline Iliffe Secretary ## **Structure, governance and management** ## _Governing Document_ Emmanuel Church Marlborough (‘the Church’) is constituted as a Charitable Incorporated Organisation registered with the Charity Commission in July 2015 under charity number 1162884. It is governed by a constitution document adopted on 28 July 2015 and modified on 11 November 2017. The constitution document was modified as planned from the outset to establish the Church as a local church, with its own leadership, responsible to its own membership. This was at the initiative of the first Trustees, for reasons both of practical sustainability and Biblical principle. The trustees are those who are appointed to the offices of Elder (including Pastor), Church Secretary and Treasurer in accordance with the Church Handbook. ## _Induction and training of trustees_ Whenever a new trustee is appointed they shall be provided with a copy of: - a) The latest annual report and accounts of the Church; - b) The Constitution - c) Any other documentation relevant to the Church ## _Organisational Structure_ During this period the charity trustees have been responsible for the general control and management of the charity. They have met formally three times, which is in excess of the requirement to meet at least twice in each 12 month period specified in the Constitution. The trustees include Reuben Mann who is one of four elders who are responsible for spiritual oversight of the fellowship in accordance with the Constitution. Reuben Mann serves as full-time pastor of the fellowship. The other elders are Bruce Evans, Graham Hilton and Michael Prest. Trustees’ Annual Report to 31 August 2023 2 Emmanuel Church Marlborou h g ## _Consideration of Risks_ Three main areas of risk have been identified, and the procedures put in place to mitigate these are as follows. - 1) The charity closely monitors and manages its finances to ensure that funds are available for ongoing support of its objectives. - 2) Appropriate insurance is in place to protect the charity from unexpected events. - 3) DBS checks are made for all those who work with children or other vulnerable groups as part of the church’s activities to avoid safe-guarding issues arising. ## **Objectives and Activities** ## _Aims_ The Aims of the charity are set out in the charity’s constitution document and are summarised as follows: - (1) the advancement of the Christian faith in accordance with the Basis of Faith primarily, but not exclusively, within Marlborough and the surrounding neighbourhood; and - (2) such other charitable purposes, as shall in the opinion of the members of the Church put into practice the Christian faith in accordance with the Basis of Faith, provided that the advancement of such purposes must be undertaken in a manner that is consistent with the Doctrinal Distinctives and Ethical Statements. ## _Strategies_ In support of our Aims, our strategies are: - (1) To reach out to people in Marlborough & the wider region with the good news of Jesus, enabling anyone regardless of age, race or religion to learn more about the Christian faith as taught in the Bible; - (2) To build up the fellowship through Bible teaching in the context of prayerful mutual care so that we are equipped for active gracious involvement in the wider community, praying for opportunities to speak of Christ; - (3) To support the spread of this good news globally. In pursuing these strategies, the trustees have had regard to the guidance issued by the Charity Commission on public benefit and consider these to be of benefit to both Christians within the church and to the wider community as a whole. Trustees’ Annual Report to 31 August 2023 3 Emmanuel Church Marlborou h g ## _**Activities and Achievements**_ Our activities are free of charge and open to all (unless stated otherwise). These have included: ## Sunday services We have run a church service every Sunday afternoon. Our church services have been attended regularly by people from Marlborough and the wider community up to a 10 mile radius. The number of people attending has fluctuated between about 70 and 100 depending on the time of year. These include both Christians and nonChristians who enjoy the friendship and support of the church community. Our services are publicly advertised. Visitors often remark how welcoming the church is. Our services are in person at Emmanuel Church (formerly Christchurch) on New Road in Marlborough. We also livestream our services for those who are unable to attend in person. ## Sunday School & Youth Group Our church services normally include a crèche and two Sunday School groups for children up to the top of primary school. These are well staffed by volunteers and well attended as young families normally form a high proportion of people attending. After our church service, once a fortnight, we run a friendly Bible study group for young people in Key Stage 3. ## Services for the Elderly Once a month a small group from the church goes to Savernake View Care Home to run a morning service for those in the home who are unable to come out to a service at church. We also run a simple bible study in the home on a fortnightly basis on a Wednesday afternoon. ## Children’s groups and events We run _Little Friends_ , a toddler group which meets weekly on Thursday mornings for any parents and carers wishing to bring their toddlers to a session of play, singing and a short Bible story. We run _Sparklers_ , a monthly children’s club on Monday afternoons for any children in Key Stage 1, with games, snacks and a Bible story. We run _Explorers_ , a weekly childen’s club on Friday evenings for children in Key Stage 2, with games and a short Bible talk. There is a 50p charge for snacks. We run _Friday Nights_ , a weekly youth club on Friday evenings for young people in Key Stage 3, with a range of social indoor and outdoor activities and a short Bible talk. We ran a three-day long Holiday Club for primary age children in August 2023. This event included games, craft, food and age-appropriate teaching from the Bible. We requested a donation of £5 in total per family for the Holiday Club towards costs. The Holiday Club was heavily publicised and well attended with many guests from the wider community. Trustees’ Annual Report to 31 August 2023 4 Emmanuel Church Marlborou h g ## Home groups We have three evening mid-week meetings in homes, one in Marlborough, one in Pewsey and one in Ogbourne St George. These groups meet weekly to build friendship, to pray for one another and to study the Bible together. Once a month the groups meet centrally together to focus on prayer and planning. ## Ladies’ Bible Study We have a ladies’ Bible study which meets fortnightly in a home on Friday mornings. This is an opportunity to pray for one another, to study the Bible and to encourage one another as Christian women. ## Men’s and Women’s Socials We have held a number of social meals, some for women and some for men, in homes, in restaurants and in the church building. These have been a chance to build friendships within the church and to invite others who have shown an interest in coming to our church. On each occasion there is a short Bible talk or personal Christian testimony. ## Enquirers course In October 2022, we ran a series of 3 multi-media based discussion evenings called Hope Explored for people interested in finding out about Christianity. ## Christmas Events We held a number of different initiatives to celebrate Christmas and to share the Christmas message with the wider community. The first was an evening of carol singing in Waitrose during the ‘turning on of the lights’ on the High Street. We also went carol singing on another evening around a new housing development. The second event was an outdoor carol service at the local recreation ground. Mince pies and warm drinks were served afterwards in the community centre next to the grounds. Thirdly, we held a more traditional Carols by Candlelight service in the church building and finally on Christmas day we had a short all age morning service. ## Easter services On Easter day we had a time of worship and an easter egg hunt in Savernake forest as well as a service in the church building at our usual time in the afternoon. ## King’s Coronation In conjunction with the celebrations in Marlborough for the Coronation of King Charles III we opened the church building and invited the wider community to a free afternoon tea, games and music at the church. On the bank holiday Monday a group from the church volunteered to help people in the local community with DIY projects as the King had encouraged everyone to do some voluntary work that day. ## Pastoral care Our four elders, including our full-time pastor, oversee our spiritual care of the fellowship and of others with whom we’re associated. This includes regular pastoral visits and mentoring where the opportunity is given for personal Bible study and prayer. Our deacons, Caroline Iliffe and Peter Keighley, also have responsibility for oversight of practical care within the fellowship. Trustees’ Annual Report to 31 August 2023 5 Emmanuel Church Marlborou h g ## Ministry Staff In addition to having a full-time Pastor, the church has a part-time Administrator and a Children's & Youth Worker. During this period, we also had a Ministry Trainee, also focusing on ministry with children. In early 2023 our Administrator left and we recruited a new person into this role. She received a full induction and is now past her probation period. All staff have annual appraisals and salary reviews. ## Other community involvement We encourage our fellowship to be active in contributing to the life of the wider community. For example, several members volunteer in local schools by taking assemblies and running Christian groups, others are school governors and trustees of local pre-schools. One is a trustee of a local bookshop, yet others volunteer with all sorts of charities. ## _**Contribution by the fellowship**_ While the church does employ a Pastor it would not be possible to accomplish all of this without the hard work and service of all the fellowship who give so much time and effort voluntarily in support of our Aims. ## **Financial review** ## _Reserves_ The trustees have reviewed the reserves of the charity. Our funds on 31 August 2023 are approximately sufficient to cover 5 months’ operating costs of the church, excluding further giving. ## _Principal sources of funds_ The charity’s main sources of income have been: - Donations from regular attendees - Support raised by our Children’s & Youth Worker and our Ministry Trainee from personal supporters and Christian trusts. ## _Church Building Purchase_ In 2022, the Methodist church building, which we had been hiring for Sunday services and midweek activities, was put up for sale on the open market. Wiltshire Council registered this building as an Asset of Community Value and this gained us 6 months in which to raise funds for a bid. Having obtained an independent valuation, Emmanuel Church Marlborough bid for and purchased this building in January 2023. The funds for this purchase were raised from: - Donations by regular attendees - Gifts by other interested individuals, trusts, and churches - A personal loan from an individual in the church at an interest rate of 2.3% - Interest free loans from other church members Trustees’ Annual Report to 31 August 2023 6 Emmanuel Church Marlborough Investment Policy and ObjectlV8S The charity has no long-term investments. Our cash reserves are held in a current account and a deposit account. The church purchased, in August 2022, an aparbnent in Marlborough initially to house our Children's & Youth Worker. To help achieve this. we took a mortgage for £85,000. Futu￿ plans We intend to continue to pursue our aims and objectives through activities similar to and in addition to what we have already been doing, as funds allow. Declaration Th8 trustees dedare that they have approved the Trustees, report above. Signed on behalf of the charitys trustees by.. Reuben Mann Chairman Date... Caroline Iliffe Secretary Date Trustee< Annual Report to 31 August 2023 ## **Independent examiner’s report to the trustees of Emmanuel Church Marlborough** I report to the trustees on my examination of the accounts of Emmanuel Church Marlborough for the year ended 31 August 2023, which are attached to this report. ## **Responsibilities and basis of report** As the charity trustees of Emmanuel Church Marlborough you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’). I report in respect of my examination of Emmanuel Church Marlborough’s accounts carried out under section 145 of the 2011 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 2011 Act. ## **Independent examiner’s statement** Since Emmanuel Church Marlborough’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 bodies. 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 that in any material respect: 1. accounting records were not kept in respect of Emmanuel Church Marlborough as required by section 130 of the 2011 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 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 accounts to be reached. Heather Locke, FCA, ICAEW Locke Business Solutions Limited T/A Locke Charity Solutions 3 Lipman Way Malmesbury SN16 9FH 11 July 2024 (HARITY (OMMISSIOM ENGLANO ANO WAES Charity Pk) Irf any) eriod Emmanud Church M•rlboTough 1162884 Annual accounts for the i*Jd stwt ¢Jote 0110912022 To ond dale 3110812023 Section A Statement of financial activities Roslrfctsd inc¢xn• nd• Ro¢omm•nd•d e8t•gwl•• by a¢￿VIty Unr•$trl¢t•d nds Endo¥M•nt fund¥ Prlor y•or fvnd¥ Total ￿ndS In¢omSng Y•8our¢M (Note 3) F01 F02 F03 F04 F05 86,188 419,175 505.363 129.933 650 650 106 Sw*•rn*rl* iiwn dlwi• 1,0(Kl 1,000 510022 Total R•iourc•8 •xp•nd•d (Nots 4) Exp•ryUIw• ¢￿.. 136470 79.168 31,9C¥) 111,068 7,665 5,573 124 306 114,789 10.466 5.093 130348 810 4,573 1,OCK) Tot•1 812 N•t Incom•llexp•ndltur•l b•lor• InvMtm•nt galnsllloswl 813 N•t In¢omtrllgxpendltur•) Extraordlnary It•m• Tran8f•rn betwe•n fund• 815 379610 811 817 Oth•r r•coqnl••d galnsl{los•MI'. ow N•t mov•m•nt In fund$ 385716 R•¢onclllatlon ol funds.. TriA 173.660 20.725 194.385 188,263 194 385 Tol•l funds ¢anhd lonv•nl Section B Balance sheet Stricted I￿oM• Unr••trlcl•d nd* Endowm•nt fotsl th18 yoar Total lalt year Flxed assets Tangible a6s•ts F01 F02 F03 F04 642.706 642.706 FOS 171.116 171 116 (Not• 9} Total flx•d assets 642.706 642,706 Current assets Dabtorn (Note 10) Ca¥h at bank and In hand (Note 141 Tot•1 ¢unBnt ass•ts 68.311 73,818 142.129 56 848 67.571 99.165 6,247 42,964 Cr8dltor8'. 4mount8 falllng du• wlthln on• y•ar {Note 11 Bl1 N•t currnnt •ss•trfllabllltl•s) 812 87,648 21.783 109,431 107 745 Total assets 1•88 eUn￿t ithbiitths B13 730.354 21.783 752,136 Credltorn: amount8 falllng du• aft•r on• year {Not• 111 Provl•lon• for 1lablllt￿j (Note 12) rotal net a8S•t8 orllabllltl•s Funds of the Charity Endowment funds {Not• 161 Re$trJcled Incom• funds (Not• 161 Unrn•trl¢t•d fund• 81e 558.319 21.783 580,101 194 385 817 B18 21,783 558,319 580,101 1• 558.319 558.319 173660 Total funds 21.783 Span•d by on• or tru#￿88 on behaw of all the trustees Signaturn Pmt Nanwj Date ol approval ddlmnvyyyy PLu6cN ftANNI 11 /o7/2oL(r (01 1102* Section C Notes tolhe accounts Note 1 Basis of weparation Thls stttion should b• completed by 411 Cha￿leS. 1.1 Basis of accounting These accounts have b8en prepared under the hiStOr￿al cost Convent￿ with items re¢¢)wised al c05t or Iran$a¢tK)n va￿e unless otherwise staled in the relevant notels) to these accounts. The accounts have been ared accordance with.. the Stslement of Recomn￿nded Prathe.. Accountiig and RerN)rtTig by CharIt￿S preparing ther accounts in accordance with the Fiiancml Reporting Standard applicabkq in th• UK and Republ￿ of IrelarK1 IFRS 1021 issued on 16 2014 and with" and with. the Fy1￿CHI Reporting Standard appI￿able il the Untted Kkngdom and Repubk of Ireland IFRS 1021 and with the CharStkgS Act 2011. The ¢harty constitute$ a wbk benefft entty as defned by FRS 102.. -Tick 8s 8ppir*pri8le 1.2 Golng concorn If there are matertal unG•rt•lntles rnlated to events or condltlons that casl slgnmlcant doubt on th• Charlty's ablllty to contlnu• as • golng concem. please pmvld• th• followlng dotalls orstate "Not appllcabl• If appmprlate.. An expknation 88 to Ihc68 f8¢tors that 8UPPOrt the conclusK*n that the charty ts a go￿￿ concern: N/A Disck)sure of any uncertalnlles that make the gothg concern a8$umpton doubtful N/A Where 8Gcounts are not prepared on a going ¢oncern basis, pl8ase discbse this fact toget￿r wrth the basis on whkh the trustses prepared the ac¢ounts and the reason why the charlty Is not regarded as a going concern. N/A Section C Notes to the accounts lcontl Note 1 Basis of preparation lcont) 1.3 Change of aGcounting poll¢y The accounts present a true and far VEW and the accountf¥J adopted are those outh.ned in nots 2. No" -r￿k 8$ appffjpiiate Please dlsclose.. A5 doscrlbfjd In no* 2.1. Ihls Is the Ilrstyear that th• •e¢ounts have Ixon pr•par*d on an accruals b•sls In acco￿anCe with the FRS102 Charlll•s SORP. (i) the naturn of tho chango In accountlng polky.. (11) the re•sons why Jpptylng the new accountlng pollcy provldes moro rnllable and morn rnl•vant Infomiatlon,. and N•w b•sls 18 r•qulr•d du• lo Inct)m• In th• curr•nt y••r b•lng In •xe•$$ 01£250,000. (111) the amount of the •dJustmont lor each Ilne affected in the curront perlod, each prlorpwlod presented and the aggregate amount of the adjustment rektlng to p•klod$ belorè those presented. 3.44 FRS 102 SORP. S•• not• 2.1. AdJu¥thi•nl¥ r•lal• lo r•cognlllon of t4ngible fix•d and •ss•ts and li•biliti•$ of the charlty oth•r th•n b•nk •nd ¢••h. 1.4 Changes to accountlng •stlmat•$ No changes lo accounting estimates have ¢xcurred v) th¢ periKI13.46 FRS 102 SORP). -rKk as appffjpriato Please dlsclos•.' (l) th• natur• of any ¢h•nges,' PUA {11) the elfect of the change on Income and expense or ass8ts and Ilabllltl•s for th• curnnt perlod,. and WA (114 whern pra¢tl¢able, the •ff8ct of the ch*ng• In one or more futurn perlods. NIA Section C Notes to the accounts Icontl Note 1 Basls of weparatlon (cont) 1.5 Materlal prlor year errors No material prK)r year error have been KIentIf￿ n tha re￿Ttry per￿￿1(3.47 FRS 102 SORP). Yes. .T￿k a8 •pprDPliate P180se disclose.. (i) the nature of theprforperfod enDr,' P¥A (11) for each p￿arperfOd prnsantod In tho ac¢ount$, tho amount of th• Gon￿tIOn for••ch o¢count line item aff8¢ted,' and WA flll) tho amount of the conxtlon at the boqlnnlng of th• earflost prlorpertod pY8s•nt•d In th• account$. WA Section C Notes to the accounts Icontl Note 2 Accountlng policies Please Gomplete th￿ note ￿en fKsl report￿9 underFRS102. SecfK>n 35 of FRS102. Trouirgs 3 rec0ncdBt￿ns fo bo presentsd. rfall applrable. 2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE Pl•as• provSd• a d•$crlplon ofth8 naturo ofeach ch•n9• In accounting poli¢y Pr8vlou8ly the Charity chos• to prepare accounts on * ￿¢•1P￿ and P•ym•nts basls as th• gross Incom• was less than £250,000. R•concll•tlon ollund8 p•r previous GAAP ts ￿nIts del•rmlned und•r FRS 102 At 119121 At 3118122 Cash (hèld at bank) fund balanc•s as pr•¥lou8ly 8tat•d AdJustsn•nts.' R•¢agnltbon of Flx•d A•••ts R•cognltlon of D•btor• R•cognltlon of Cr•dltor• 132,128 58,161 1,019 55,566 (4501 171.116 56.848 191.739) Fund balan¢• •# r•statod 188,263 194.385 R•¢on¢ll•tlon of n•t Incom•/(not •xp•ndltyr•) p•r w•vlous GAAP to netlncome/(net expondltur•) under FRS 102 Y••r to 3118122 Net In¢omol{exp•ndliure) a¥ prnvlously *tat•d Adlustmonts.. Mov•m•nt In D•btorn & Cr•dltor# R•verne ¢•plt*l exp•ndltur• & loan paym•nts pr•vlously tr•¥tsd a8 an •xp•n•• Rtrcord d•prèclaiion R•cord Interest 173,968 15.145) 86.263 (T031 P25) Prnvlous ￿tI¢>d n•t In¢omell•x￿nd1￿rnl a* restated 6.122 Section C Notes to the accounts Icontl NLrte 2 Accountin9 pokhs 2.2 INCOME Thi$ stsnd8trl list of4Y¢ountn9 pokn8$ ljas beeft eppl•d by the ¢h8nlyex¢eptlort1￿ I￿11"￿). or"Wt'. b•lJ•m • o 8ddit￿n81poIlcY h8$ been 8doptèd then thts ts tralaf*d m thè boxbebw. R•¢oAnl¥on of In¢orn• These in(*de¢J li the Statorreni ol Fi)anwi Actr41*8 ISoFA)YAthen'. Ihe tharlv becom•i aft￿ to the re8OVThI'. it ￿ D￿re Ikoly than noi th81 the Iwstees rnceiw Ihe ￿￿Ul￿o.. and No Offs•thng Thete has be•n no oftwltkn9 of8Ssels •nd l•b•*6. orth¢tyrn ¥ryJ •Yvn￿, requkn•d or ptrrrritted by Ihe FRS 102 SORP of FRS 102. No Y05 Ornnts •nd doMlor• Grnnls and don&￿n¥ ontr¥ wx*Jd•d tho WA lh• e•r*￿ r•t4nttbJn aro ￿￿(5.10 to 5.12 FPS102 SOFPI In tho of p•rfom*nc• r•*i•d gnbnts, iio)rn* nwl bo ￿¢09n￿ed t¢ Ihe ex1ent that tho ¢harly has pt0}￿e1 th• specfvd goods or 8B en11￿M6Tht lo Ihg grant vnty oGcurn the perfo￿rOn￿ fA)ndibns arv Irel15.16 FPS 102 SORPI. L•gaoè• ar• ndu¢J•d n th• SOFA rvc*ipt * probabl&. tho1 b, ¥th•n thor8 has J••n gr4AI of probats. th• ox0￿10￿ h￿￿ ul•bWed th91 IheD) •rn wifvonl a￿ts ￿ th• •¥t•te and eny condthn$ lo the ￿9@CY orn •ther**hin Ihe 0)nt￿l of Ih• charty No L•g•ch¥ Y8$ Nla Gw•rnm•n¢ gran No Th• ¢h•Jlty nc•tsed gowft¥r•rt lh• r•portkng p•fv)d Gll AhJ T?c*￿8bKry a In￿o•d kn knc¢rr• th•r• * a v•bJ tJ•dw¥lk)n Irom th• donor. T*x r•¢l•lTh Any Grfl Alj aft￿U￿1 on a donal￿ kn con8Klored lo b• part 01th819rf1 ahd glll• lrnBlgd aB an 8¢Jd*h)n to Ihe 5Hffle Ivnd 0$ tho hirt*lloth¥l*)n th• donor orth• iam* of Ih• app8el hove Oth•Th￿•. No No Nla Cortractual Incom• *md p•rforminc• r•lat•d w•rt• Th* kn onty kncljded kn th¢ SOFA onc• lh• th•rftyha* th• r•L•i•d 9DoJ¥ or sert•• or n*1 th• porf1)fft¥nc• r•bted cJJnd*bni. DoMl•d good• CtsTrAtod good• w• rr••wrnd •t awwnt th• a8••l b• èx¢*8ngodl lo do w. No Wa Th• of •ny sloc* of 9OC4Ji ¢lonaled lor dotrl>ulk￿ lo bon•fthts8 kn deérr¢d to b• lh• l*k¥41* ol IhoBe 9fft8 gt lh8 ofth•w •nd they aro r•¢ognknd oh rn¢4ipI. In Iho rtptsrtmg peTh)d n Ihe *of*s 8t• dilirfoulfjd. Ih•y arn reCOgn￿ed ai ah •xp•rt 11 the Can￿n9 arMuni ol lh• $10(S* 81 dss1rt)ut*)n. No Nlb Don•t•d 90001 lotty**kn •1 I4*v￿o on knttl•l r•¢ognittyn, th• •XPOde¢ P￿K¥8￿￿ Irom the •XP•Lx•d ol ¥•kn. ¥nd rgmonW kn'lnL*ff Irom olh•rlr¥ding •clryth8' tho C4JTrwndrg r•Y•r. Section C Noies io ihe accounts (conti Ntle 2 Aecountin9 poliel•s leont) 2.3 EXPENDITURE AND LIABILITIES U•blllty rn¢ognlUo Lk*bi￿3 recognsed tnan that theft l& 8 bgol fy Ob￿atr)ft cort￿￿1￿9 the tharty lo pay oul and th• arrount of the owaton be nwawod wlh Trasonab* ￿rt8thty. Support hov• been a*xaled b¢tswn 904*m•ne• ensts and olhersupport. GovomBnce o)8ts ai MIK)kng pub￿ a[￿un￿b* ofth• th¥rty and ¢vrrplBTrce %%*h [egu￿1￿3n •nd good pB¢tKe. No la e5 Gov•min¢• and ¥wort 8upport cr•8ts ilL*Jd• t*ntrnlkn#b?n• ond hove bo•n atrnt b¢bJ 8 IMI of svrvico or oulpul to b• yovlloé. gr•nt# èrn ontrtrf rng)gnw+J kn th• SOFA ont* th• ¢I)￿nI ol Ihe gont has Ihe gpe£knd t•At• orwlwt. %Ahtr• Ih•r• •rn no MndHkn• 8ttachkng to lh• grnnl ihal •n•b*• lh• doI￿r (*aty 10 th• ¢xThrthnl. 4 lortho lundvbg ob*J•iw r•J•t b• Yos No p•y•bl• wlthout p•rfwm•ne• cond1￿onI Y88 t40 Nla re￿n￿ed. R•dwdan¢y cwt The charfty rMd• rK4 nduhd•nty duty th• rnportkng porfod. Yes Nla D•f•rr•d IneoM• No wot•rf•l llvm ofd•l•bMd kn¢•n• h•¥ b••n th• •0￿￿￿. Wa Yes Nla Cr•dltsrn Th• ¢h4rty hai AM Th•8uMd At •nyJunl• Ni•8 •Thy tr•d• dwjur Provl•l470• for Il•èllll•a A 4•bMy on r4ty)gnlbn 41 ts Cost and tyJbwu•nty nw••urn 81 the ba￿ •*trro1• of Ihfj to 8elll& Ihe oblgglon 81 th• ffjportiig d•t• Th• ¢h•rty •rKouTht• 10rba￿f￿0nt)ll in8lnJn*nt8on •$ pei parogrnph Q•il¢ fln•nGl•l In¥trum•nM 10.7 FRS102 SCMIP. Subwqu•Tht Thasurnnwt bj M par parngr4ph$ 11.17 to 11.19. FP3102 SORP. Y8$ No NIJ No Nla Section C Notes to the accounts Icon¢l Not•2 2.4 ASSETS Accountlng pol￿￿S le*ar. and o)# ai £50 They are valjed at cosl. Nl The dap￿tiat￿)n Trle¥ rr¢lhrxds LWI are dix*)8ed in nott 9 Th8 charfty has nlangbk owels. Ihal ry noN￿one￿ry8￿ts that do ngt h• phys*41 ￿b￿An£+ but ar• ano ¢ontrol•d byth• th8thy IhD)uyh vJBtody or aal fvJhts. Inlanglbl• fix•d 4•••t• e5 No Nla Th•y arn valued al (•st. H•rltaq• ai•• The cknartty h85 h8rtag8 a888ts. Ihat IB. non4Mn8tary ass8ts vAh Xionw￿. t•thnoh)otJl. q•ophy¥*al or •nI￿n￿nts1 quaW*s thai am habj and ff•iit•*wd for th•r wtrbulp)n lo 4nd wlum. Yas No No Th•y èr• •t ¢••L In¥•alm•nts Inw*Thnts kn quolod Bhar88. traded t￿0$ and ￿¥8$￿}￿￿ •0 w•bJ•d l Mith'aty 8t ¢0•1 8nd 8ub88qu•nlty4t hwvabje (t￿￿ vityAlai the y••r•nd. Th• t￿al￿ni Ls appled lo un￿8¢y knve8th*nts fa*vabJ• ￿fin01 b• relkbty t**8 rt * n*osur*d ¥1 ¢0# kry)•krr¥nl. Inwstn*nts k*rtys•ltr orp•n¢Jkng thdr and cath and C*lh • ry¥turty d4t• ol th•n J tra•l•d u wrr•nl •#•t knw*m•nts No Yes No Nla 8to¢k• wwk prtyr•i 8toc*s helj foi ol T￿n￿￿o￿Abl& tradè arn ff•awr•¢ •t th• b)*rorco•i OTII•I Yos No Goodtor Mfvlc•# P￿￿•1 •• p•rt ol • ¢MM•)kn •rn al net valJ• b88•d on th• 8•Mc• potsniMII p[Ov￿ed by it•m8 01110th. Yes No Yos No Nla Imk al c¥J¥t My lor•M••bbi Wto oethron th• c￿11¥￿. D•btorn hd• d•btoN •nd b•n• mt•K•bt•l•r• n*wr•d on knlJ•l r•cognttk>n 4¢ •aM￿￿nI &n*)unl oftei Jny lrnd• dis¢ounls or arrnjunt •d¥•n￿￿ by Iho th•rfty SUb￿qu*nty. th8y •M ￿#$￿￿d 41 tho #•h orolh¢roh•tyJ•alion lo b• rnc•p40d. No Nla Th• cholly h•¥ ￿￿￿rr￿n14 hold* I￿r•￿&t orp•TrJknll th•rwk• •rMJ (•th •nd ￿•h ¢qur44k>Tht¥ **h • n¥lvrtty +J•t• k75$ th•r% one Th•s• c88h on depo81 and ca ¢qu+49knnts mturty ¢J8te ollBu Ih•n ¢kno y*8r fornv8*ry*nt purpop86 rnlherthan to trthi thort lèm r4sh ¢¢n¥￿Tr￿n1• •$th•y I•1 ¢u•. ¢￿￿fit ••8•t In¥•*bm•Thts Yès No Th•y gr• at •xt4pt th•y qu*Wy*• fffi*n(*i kn#Nft*nts. POLICIES ADOPTEO ADDITIONAL TO OR DIFFERENT FROM THOSE A80VE SeGlion C Notes io the accounts Icontl Nrt•3 AnaWsJs al kncwr An• E¥p•ndUum On r*￿n9 funth: Incurr& s•ek Incurr￿ 80ok Incurr￿ 8eek ants OpWa￿9 m&rr**tshy tchow￿ fundrasry w4 en rth-Ghar*abkn Iiathw Da*t8se ¢J*4 Other tr IrbY•strwi&*)W•tr8fKyi¢c*ts Int•*￿1 R￿1 ¢¢*1￿. Pwrty i•w• Tow •xp￿dtt￿fv frJnd• Exp•ndltur••n ChIdt￿ Oth•r Co•ts 019 Orants & LO￿ Int•rwt Tot•1 •xp•ndMur• on ¢h•#*l• 8803 79.168 31.WJ 114 Fq•s to pwchM•chuich F••4 to pwchA¥*chur¢h fat tt•m of •xp•n•• Tothi Olh•r 103 Ccatj lor £hJrch T•t•l oth•r•xp•ndttun TOTAL EXP￿DITl11É Oth•r IhlomwEIon: on th•rf¢•bkn •¢lMII•• Aclvlty or ¥llJ•• nthr*k• Or•cty ¢Jr•DI Tol•l thl i¢¥vib• Ev4n •IC41 Oth•r Totsl £110.7290Tr fv(*Jdkng £325 knt•A*t on rth Iw*nd £4.060 ￿C￿￿er￿￿￿￿￿1ths.4th1￿5. Ilthln f•m* ** ￿knI￿V4 tl0.466 ofWI 4nd Wojryèd •l to thg pvth¥se ol a f•t. p5 ¢￿￿nty b•uw uti*•d lorth• Youth •Dd È1.È7S uthg fund¥ d￿￿¢￿￿ 7 th• 5*4rto 31 hJJgu* 2021. Section C Notes to the accounts Noto 5 Dotalls of cèrtain Items of •xp8ndlture 5.1 Fees for •xamlnation of the a¢¢ounts Please pmvide details of the wnountpald foranystatutory 8xYem•l Krutiny of accounts and otherseThices provided byyourlndepond•nt ￿arnIntr. Mnothlng w•$ paidplease ent8r'O' in tho approprlat• box{es). Thi8 year Last year Ind•p•ndent •xamln•e8 fw• 100 A¥¥uranc• 8•rvl¢•• oth•r than audtt or Ind•p•nd•nt •xamlna¢lon Tax advisory f8OB Othor fo0$ Ilor •xampl•.' Ilnanclal advlc•, ¢on8ultincy• a¢countaTrcy paid to th• Ind•p•ndont oxamin•r 200 Section C Notes to the accounts Icontl Note 6 Pald employee8 Please complete thls nole M the chanlty has any employ￿$. 6.1 Staff Costs Thls year Last y•ar Salarl•ts and wage8 8oclal securlty costs Pen81on ¢o$t¥ {deflned conlrlbullon scheme) Othèr •mployee b6n8flt$ 64.402 64.854 6,683 6,409 Totsl staff costs Pl•a¥e provlde det811¥ of oxpendlture on staff wortlng for th• chaflty whoso Gontracts arn wlth aDd are pald by a rnlated party WA Pleas8 glve detalls of the number of employees whose total employee benellts (oxcludlng employerpenslon costs) f•ll wlthln each band of £10,000 Irom £60.000 upw•rd8. M there arn no Such trnnMGtlonsi please enter'true. In th• box pmvlded. No omployees r•celved •mployw bon•fh• (excludlng •mploy•r p•nslon ¢o$t$l for th• rnportlng p•rlod of rnor• than £60.000 TRUE Band £60 000 to £69 999 £70 000 to £79 999 £80 000 to £89 999 £90 000 to £99 999 £100 000 to £109 999 Numberof em lo Pleaso provlde the total •mount pald to kgy management pèrsonnel {SnGludos trustees and senior managern•ntl for th•lr s•rylc•• to the charlty Seg rN)te$ 17 arwj 18 62 Av8rag• head count In th• year Thls year Nurnb8r Last year Number Thg Part$ of the charfty In whlch tho ornployee8 work Fundralsln Charftable ActlvStles Governance Other Total Section C Notes to the accounts (cont} Note 6 Paid employees (Gont) 6.3 Ex-gratla payments to employees and others (excluding trustws) Please complote Man ex-gratla payment Is made. Please explaln the nature of the payment NIA Please state the18gal authorlty or reason for maklng th8 payment NIA Plea$e stato the amount of the payment lor value of any walver of a rfght to an assotl NIA 6.4 RedundanGy paym•nl• Pl￿$• complot• M any rndundancy or t•miln4tlon payment Is made In the pwlod. Total amount ot paym•nt NIA Th• naturn of th• payment (cash. ass•t NIA The •xt•nt of r•dundancy fundlng al lh• balance Shèot dato WA Pl•a¥o state thg accountlng pollcy for any r•dundanGy ortgnnlnatlon payment• NIA Section C Notes to the accounts Icontl Note 7 D•finod contrl)ution p•￿IOn $c￿m• or d•lhwd b•n•llt $C￿Me account•d f¢x as a deflnod contributlon $chame. 7.1 Please complvte thls not• Ifa dgflnod contrfbutlon p•nslon seh8m• As opw•t4d. Amount of contrfbution• r•¢ognl*•d In th• SOFA as on exp•n8• Plo08• •xpl•ln th• ba•h foralloc*tlng th• Il•blllty and •xp¢n8• of d￿1n•￿ Ctsntrfbutlon p•n8lon 8eh•m• b•tw••n aetlvitlo$ and b•twwn r••trl¢t•d and unr•strlet•d fundo. Al an￿rts are th8 sob cor¢ charlabb acfvty undèrtaken. P•Mt¥)• (Dr the Ywth Cwrem'ts worker 8fKI Mlnlstry Tralft￿ Ib)th r whorn hwe b89n party fundwj by gttsl are iiliaty doducted from r•strttod fvThd$ t￿. ort• reStr￿tsY fvrK18 havt been exhgu$tgd, the balane6 to unfostrtthj fu￿3 ty way of a r•s•rv&s transfer Isee nrA• 181. 7.2 Plus• complot• thls $8ctk+n wh•rn th• ¢h4rf¢yp•rtkiw•# In • d•fin•db•n•fft p•nthin plin but Is uft*bl• to a8¢•rt•ln Its share ol Ihe tsnd•rfylng ass•t¥ and Il•bllllloS. Pl••¥e ¢onllrm that •ltough tho s¢h•m• 18 accounted for a$ a d•lln•d contrlbutlon plan, It l• • d￿1Th•d b•n•fit plan. NIA Pl•a•• PTovld• •u¢h Informjtlon a• IB #vallablo 8bout th• pl*n'• •urplu• or d•fl¢tt #nd tho Impllutlon•, If •ny, lorth• r•portlng charfty NIA 7.3 PIM•• ¢on7pl•¢• th18 M¢tlon wh*• ih• ¢h•rltyp•rtkWt•s In • mutth•mplo>wd•lln•d b•ft•ntp•nslon pl•n th4t Is 4¢￿•￿tOd loru • d•Nn•d ¢ontrtbutk*n pl•n. D•8Cblb• th• •￿fjnt lo whlch th• Charlty can be Ilable to th¢ pl•n for oth•r •ntttl••' obllgatlon• under the t•rni8 and condltl¢n¥ ol th• rnuftlry•mploy•r pl•n NIA Section C Notes to the accounts Icontl Notè 8 Grantmaking Please compkte Ihls note Irtht chartymad• •nygrnnts ordonations which In agpre9ate fom? a matertfalyrt of th• ¢harftable o¢tlvltA•s undertahen. 8.1 AnaFy8is of grants pald Ilnclud•d In cost of eharftabl• •¢tlvhl•sl Grantg to Indlvlduals Anal l• Grants to In$titutlons ort CO8t8 Total Grdnt8 to su ort mh*on 8CtMbg8 rot•l 4.250 4.250 Pl••s• •nt•r"Nll" M th• ch•rfty dow not Id•fttlfy •nd/or•lloe*t• WllPt>rt M8t8. 8.2 Grnnts mad• to In•tltutlon• My charflyh*s m*d• grnnts lo p•rtkul•rlnslltutlon$ ih41 wom4t•rf•lln th• ¢ont•xt of Its grnnlm•klng. D•t•lls ol th• Instllutlon ¥upport•d, pu￿0** ol th• gr•nt and io¢•l pald ¢0 ￿ch Instltullon 1$ ¥vallabh on ¢he charlty's wob slt No Prnvlde d•l•ll8 b•low Nam•• of In•trtutlon rpo•• Total amount of rnnt• •ld£ 4.020 230 Grace Bapt*l MLs$on Central Euraslan Partnafs to Fund Wcyk Donati)rts to Fund Wr*k Tolal granls to In8tltutlons In r•portlng p•rfod Othorunin•IY￿d grnnt# TofAL GRANTS PAID Section C Notes to th¢ aGGounts Icontl Note 9 Tanglblè fixed assets Pleas• complele thls not• rfthè ¢h•rfty h•s •nytsnglblo fN•d •ss•t$ 9.1 Cost or valuatlon Frn•hdd land & Wldlr ot￿r land Plart maehlnery 4ThJ rnt v•Ncl•¥ Total ffiUlng$ and •qulpm•rrt bulldl At the tegnnilg ofthe year Addrth*¥ 170.CiIO 455.000 172.948 474.194 19.194 Rev8luatKJns Di4posaLs Tran8fer8" At end ofth• y￿r 22.142 647.142 9.2 D•pr•datlon •nd Impalmignts 18 Ncrt deprecoted (••• t•k)wl Str8b3hl Llne I'SL'I or R¢du¢wg I"R8'1 Ro¢• NIA S¢e trxk)w At b•awin¥￿ cl th• year DL8po8& 1,833 2.603 Impakment Tran8fer8' At eThJ oltha y•ar 4,436 9.3 N•t book ￿lu• Nèt bogk value al the bèginnlng of thg year Not book at th• ol th• y¢pr 170.CQO 1.116 171.116 625.C4)0 17.706 642.706 D•pr•elatlon Polld•s Freekjkl iqnd and tA1ibJlr￿ af6 ncl deprecobj as they are subj￿1 to an pr¢yJr8rn￿ c4 ry and mahtenance with Ihe ain ol ka•prrfJ Ih•m Cl￿ditI3n, arKI Ihu¥ rnaintsinw thew vahje. Gwèn thè •8fr'rn8t*J res￿￿BI value ofthe bil￿'r$S and tW an￿¢lat&￿ fve8. a deprec0tY)n cho wouhl be Thm8ierKql to Ih05e fnanc￿I staternerés. caryr¥J Wa￿ has t4an c￿S￿red aTrJ no provwion for iMpaYff￿nt i5 Cons*JW￿ necessary. FLxtw¢s. Fthgs EqUpI￿rt are doW￿lated ￿ a strah*t bas￿ over th8 ￿88. - Chwch Fixtures and F*ti"ngs 10 years - Church PA & Lfvastrèam EquibYn8nt 5 yaars - Olh8r IT Equipm8nt ncbjdng Computers 3 years - Othor Mov¢atyo Equpff*nt 5yws Section C Notes to the accounts Icontl Note 9 Tangible fixed assets (cont) 9.4 lrnpalrn)ont Please pmvlde a doscrtptlon of the events and circumstances that led to th• recognlllon or reversal of an Impalrnient loss. NIA 9.5 Revaluatlon If •n accountlng pollcy of r•v•luatlon 1$ adoptedth ple•se pmvld•." tho effoctlve date of the rnvaluatlon the name ol Independ•nt valuer, If applk•bl• tho mothods appllod and slgnlffl¢ant assumptlons th8 c*rylng amount that would have been rKognlsad had th• w•t$ be•n c•nl•d under the cost model. NIA NIA NIA NIA 9.8 Other dlsclo$ures (l) Pl•a$• state the amount of bofftiwlng costs. M any. ¢4pltallsed In th• ¢onstwctlon of tanglbl• flxed assets •nd the c•pltallsatlon Mt• us•d. (11) Please pmvld• tho •mount ol ￿￿t￿¢tU41 commltm•nts lor the •cqulsttlon ol tanglble flxed ass•ts. (111) D6t•lls of th• ￿lsten￿ •nd ¢•nylng •mount8 of pmportyi plant and equlpmmt to whlch the charfty has rnstrf¢t8d tltle or th•t •re pledged as sKurfty fforll•bllltl•s. Nl £7,068 Bchjk value of the church flat of £170,000 Is 3eGurity for the a580CPted mortgage and the b(x)k value of £455,0001s $6¢urty for an £80,(x)O loan faclltty wovlded by a church m6mb¢r. Note 10 Debtor8 arKI prepayments Pl•as• ¢omplet• thls note M th• ¢h•rfty has any debtorn orprnpayments. 10.1 Ana￿85¥ of debtorn Th18 year Last year Trad• debtors Pr•payrnent$ and accrued Incom• Other debtors 145 Total 68,311 56.848 Pl•gs• comp19¢9 10.2 where a maferlal debtor Is rncovernble morn than a year after th• rnportlng dat•. 10.2 Analysls of debtors recoverable In more than 1 year Ilncluded In debtors above) Thls year Last year Trade d•btors Prepaymonts and accrued Income Olher debtors Tolal Section C Notes to the accounts (cont) Noto11 Credltors and a¢cruals Please complete thls note rf the chanTtyhas any Crndltots oraccwals. 11.1 Analysls of credltors Amounts falllng due wllhln ong year Thls year Last year Amount$ fallln9 due after moro than one year Thls year Last year Accrual8 for grants payabl• Bank loans and ov•rdrdft• Trade credltors Payments r•colved on accounl for ¢ontrncts or perfomian¢o-related grant$ Accwo1• and d•ferr•d Sn¢om• Taxatlon and soclal i•curlty Other credltor• 500 Total 32,698 7,264 172.035 84,475 11.2 Deferred Incom• Pl•as• complete thls noto If th• ¢h•rfty h•J del•Thed Incom•. Pl•a$• •x laln tho m$on$ wh Income Is dolwThd. Funds were receNed from ¢hurch members during the year kn the form of interest free k)ans to assist with the purchas8 of th8 church bUild￿g in January 2023. These wele Yittlalty recorded as Other crediors. Subsequent lo th8 year end, kn January 2024, sorne of these bans were wafved arNJ converted lo grfts. whkh wll be recogntsed as income kn the year ended 31 A￿ust 2024. Movement In dolern•d Incomo 4¢¢ount Th1• yoar Last year Balance at th• start of the reportlng p•rlod Amounts added In current pèrlod Amounts released to incomo Irorn pr•vlou• p•rlod• Balan¢0 at the ènd of th• r•portlng porlod 20,CQO Section C Notes to the accounts (contl Note 12 Provlslons for Ilabllltles and charges Please complete thls not• rfyou have induded In Ghorfty expendfturn any provlslon& A provlslon Is made when th• charfty has a Ilablllty of uncertaln tlmlng oramount. 12.1 Pluse provld?: - a bdof de8CriPtlon of anyobllgatlons on the balance sheet and tho expeGt8d amount and tlmlng of r•sultlng payments: - an Indicatlon of the unc•rtalntl•s about lh• amount or tlmlng of thosfr outflows. and - tho amount of any •xp8cted rnlmbur¥•ment. statlng the amount of any asset that has bwn recognlsgd forthat expected relmbursem•nt. NIA NIA NIA 12.2 Movements In rocognlsed provlilons and fundlng commMm•nt durlng th• pwlod This year Last year Balanc• at tho start of th• rnportlng porlod Amounts added In current porlod Amounts charged agaln$t tho provlslon In th• currnnt porfod Unused amounts reversed durfng th• porlod Balancg at tho •nd of tho roportlng perfod 12.3 For any fundlng commltment that18 not r•¢ognlMd as a Il•blllty or provl8lon* provlde detalls of ¢ommltm•nt mad•. thg tlmg frame of that commltmgnt, any p•rfonnancg-related condltlon8 and dgtalls of how th• commltment wlll be funded Iwlth contracts for capllal expendStur• •oparatoly Identlfledl. NIA 12.4 Where unre8trl¢ted funds havo b••n d•sSqnated to fund commltment, plea8e dlsclos• th• nature of any amount$ doslgn*t•d and tho Ilkoly tlmlng of that expendltur•. NIA Section C Notes to the accounts (contl Nots 13 Ot￿r disclosures for d•btor$. ¢rodltors and oth•r ba$ic financlal Instrumonts 13.1 plea￿ provkl• Infomiatlon about th• 8lgnlflean¢• of flnaneial instrument81•g. dobtors. credltOY8. investm•nts •tel to th• chartty'• financial po8ltlon or p•rfoFmJnc¢, for •x•mpl•, th• t•mi8 and conditions ol lo•n¥ or th• of h•dglng to rnanag• f￿An￿91 Yi8 Fiwncwl lrtstrUrr￿ts - A £85.CKQ commercKal mtyge payabl& i) fLxed staknents. the term of wh￿h expires in Juty 2047. The terest rale was 4.5% at the pwl that the facdty was drawn d¢)wn n ￿￿V312022. Durin9 the curr*nt y&ar lh8 rate sleadfy I￿reased reaching 8.2% by th• •nd of tho ygar. Th8 nterest fate on th& nwage has ¢￿t￿lUed io ri88 after year 8nd and 16 currènty 8.45%. - £40,COJ of interesi kjans from ¢hur¢h m•nter$. Tho86 were for a 10 year lerm however sut6equ&nt to tho end of the current yèar. £20.0Th) of th880 h)an8 have beon ed and converted 10 grfts. - An £80,CW interest teim k)￿ frcfn g ¢hurch member p8y•bb i) inslaknents ovw 10 year$. Thg **orgst fato on th 4n * 2.3%. Othw ￿￿trUments compwe.. . Short term dgblrKs due from HMRC fty Gfft - C8sh hekl al th8 bank n current or deposrt accounts The £80,C4XJ r￿e•￿ iitgrest term ban ts secur*J on thè churGh bukng 8nd the commerckgl M￿tgag8 B Sgcufed ¢J) the church fiat (see nclo 91. 13.2 If the charfly has provlded flnanclal asuts as a fomi of $e¢udty, tht ca￿1n9 amount of th• flnanclal a$••ts pl￿god a• oecurlty and th• t•mi• and wnttlon• r•l•t•d to Its pl•dg• Should b• glv•n h*r•. Nots 14 C•8h at bank and In h•nd Thli y••r L*#t yoar short t•mi ¢4$h Inv••tm•nti Il•M th￿ 3 month• maturfty dat•l Short t•rm d*po•it8 Ca$h •t bank and on hand Oth•r Total 73.818 58,161 Notels Falr valu• d a$s•ts and Ilabllrth• 15.1 Pl•a•• provld• d•tall• ofth• ¢harlty* •xposur• kn ¢r•tht rl•k (th¢ rlsk of In¢urrlng • IM$ du• to • d•btor nc4 paylng what18 gw¢dl. IlquldSty rlgk (th¢ rlsk of not ￿Ing abh lo m¢•t Short t•rm financial demand81 and market rlak Ilh• rl•k Ihat lh• valu• ol •n lnV••th￿•nt wlll hll du• to ¢hang•s In th• mark•tl •rl•lno from f ￿&￿1•1 In•trum•nts b) whl¢h th• ¢h•rlty 1$ •xpo$•d at lh• •nd of r•porllng p•rlod •nd •xWaln charlty manaqe• th￿8 rljks. Ford•btorn lffjm Hwic (¥gdlt rkk k conshjorgd ngg*albh•. Suff￿nt rash rM•r¥es arn hekl to meet known labllttles end for a of o)ntrgerbcy a￿￿￿9¢ed *ith fluduating future paymnts. 15.2 Ploa8o glve delalls of th• amount olch•ng• In lh• l•lr valu• ol bas1¢ fin#n¢lal InStr￿MInIS l¢*•bloYs, credltors, Inv•8bnents Isee #ectlon 11. FRS 102 SORPII m•asur•d al fair valug thr¢Jugh the SOFA that i• attributabl• lo ¢hang•• In ¢rgdit risk. NIA 111111111111 111111111111 IIIIIEIIIIII 11111111111 111111111111 111111111111 11111111111 111111111111 111111111111 111111111111 111111111111 111111111111 111111111111 11111111111 Scclion C N otes to the accouiits Icontl Note16 Charity funds (c¢)nt) 16.3 Transfers between funds R•a$on for transfer and whern endowrnent i¥ Gonv•rt•d to inGome, legal power for Its conver8Son Transfers from reStr￿ted to unfestr￿ted funds represent where income reStr￿ted in its use has been used to purchase tsrol)be assets. - The £392,168 transfer in the current year reL9tss to the baL4nce on the Church 8uk4lng fund whkh was partty used to thance th& purchas6 ofthe church buikling. - The £14.144 transfer n the current year relates to frKtur8s and ffttings purchased together wtth refurblshmènt work undertaken to datè the church buihying. There were no such transfers n the y8ar as the Church Flat fund of £1,875 was used towards *al costs associated wlh the wrchase of the church fiat, rather than for wrchase of the tsl iisetr. Amount Between unrestricted and rastr￿ted lunds Transfers from UnreStr￿ted to restricted fvnds r8pr8sent the excess sp￿d￿l9 over and above the reMa￿￿j bakgnce on the rel￿ant restrtted fund. - Tho £27,757 transfor n the current ya8r r¢￿teS to exce88 spendkig on the Youth and Chldrens Worker and Miik8ty Trafftee over and abov8 gnls and grants receNed. The equNaK8nt amount kn the year was a transfer of £1.349. Bel￿een endowmwt and reStr￿l$d funds NIA Between endowment and unrestrkled funds NIA 16.4 Desl nated funds Planntd utse Mlssionery G￿Ing {MlssK)nary GK18 - Gen8ral fund) o•? of the de81 natlon Thb Is to te used for ad-h￿ Miss￿nary gfvwig and represents a comblnatbn of unspent amunts desb3nated for mlssbary together wth general g6ft8 from church members towards missi)n and l or k)cal needs. Amount £140 N(rt• 17 Transactions ￿11htr￿tIeS and rèLited partiès 17.1 Tr￿11• b•n•fits NpMollhètru#••*h•¥• t•4Th plld any WtthtWrGh￿tyel&￿w•ltuY ￿rIA• ovFa TRLIE Amountsp•W orb•h•fft 172 Trwt•••'•xp•nM• H*￿•￿••xp•kl•••hw1*b1lfy¥*thd (Tn••vF• TWJE Yh* y•w TMv•l TOYAL orwh• haO•p•tsw• bylh•dw4y FALSElt•• not• I M•m••llh•iTh•iwiV I•￿ party durlng portln •rfod Section C Notes to the accounts (cont) Note18 Additlonal Disclosures The following are slgnrficant matters whlch are not covered in other notes and need to be Included to provide a proper understanding of tho accounts. If there Is Insufflclent room here, please add a separate sheet. Related party transactlons (Note 171 Reuben Mann, who is a trustee, receives payments for hk8 S8rvres as pastor to the church and the work that his wrfe undertakes enab￿ng and supporting h6 ministy. Thes8 payments, r￿ne of whKh are in rekqth)n to Reuben's role as trustee. amounted to £36.666 in the year (£34.920 for lh8 prior yearl. The charty also contributed £2,980 (£3.432 fcy the prK)r year) towards a pensK)n for him and paid mdeage expenses at 45p per mik amounb'ng to £430 (£566 for the pr￿)r year). An addit￿n81 £1,254 of penston contributions is due to be paKI in 2023124 and has been included In Ilabililies. This relates to a £998 underpayment from the current year, £60 for the year ended 31 ￿JguSt 2022 and £196 from prior years. The remaining £1.120 of expenses in the current year includes a contributDn to his home office (based on 500/0 of the relevant bills tcrfJether with any incremenlal costs) prtir to January 2023 akng wrth reimbursement for attendance at various conferences and th8 purchase of tKoks. The equivak8nt amounts in the prior year amounted to £990. Th8 charty also reimbursed him for £281 of travel costs f￿ his visit to overseas misslon partners during the current year. Michael Prest, a trustee of the charty, receNed a rental amount of £650 per month from the church in relation to the provision of a¢com¢xlation for the Ministy Tranee. During the year he receNed £1,300 (£7,800 in thè prKJr year) which is included in 'Other Running Costs. within 'Expendilure on charitable actwities,.