CHEDDAR VALLEY COMMUNITY CHURCH FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 CHEDDARVALLEYCOMMUNITYCHURCH FINANCIAL STATEMENTS 31 DECEMBER 2024 Company Registration Number 10135450 Charity Number 1166903 ré I
CHEDDAR VALLEY COMMUNITY CHURCH FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 Contents Pages Trustees, Annual Report 1-14 Reference & Administrative Information 15 Independent Examiner's Report 16 Statement of Financial Activities 17 Balance Sheet 18 Notes to the Financial Statements 19-27
CHEDDAR VALLEY COMMUNITY CHURCH TRUSTEES, ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 The Trustees ofthe Cheddar Valley Community Church present their annual report on the affairs of the Charity, together with the financial statements and Independent Examinels report for the year ended 31 Dember 2024. Trustees With the exception of one Trustee, whose appointment date is shown, those named on the page headed 'Referen & Administrative information, served throughout the year. The Trustees are also the Directors of the Company. The minimum number of Trustees is four. Trustees must also be a Member of the Charity (which has the meaning given in section 112 of the Companies Act 20061. The Trustees have power to appoint a Trustee at any time but only from amongst Members of the Charity. An individual may only be admitted to Membership of the Charity if they are also appointed as a Trustee al the same time. They must also sign a declaration of eligibility and willingness to act as a Trustee before appointment. Individuals eligible to be appointed as Members {and therefore also as Trustees) must be aged 16 years or over, be current Church participants, subscribe and adhere in belief and lifestyle to the Statement of Farth set out in our Articles of Association, agree to be appointed as a Trustee as they become a Member, not be disqualified as a charity trustee by any rule of law or order of any court or decision of any other body with relevant powers to disqualify individuals as charity trustees. There must always be at least four Members of the Charity who are also Trustees. A Trustee's offi automatically terminates if.. they cease lo be a Member of the Charity., are disqualified under company law from acting as a director,. are othenmise disqualified under charity law from acting as a charity trustee,. are incapable of managing their own affairs,. are absent without notice from four consecutive trustee meetings and are removed by a majority decision of the other trustees., resign,. or die. Investment Powers The Charity has power to do anything lawful in pursuit of its charitable purposes, subject to any applicable requirement of the Charities Act 2011 or other applicable statutory provision. The Trustees have control of the Charity and its funds and assets and are responsible for the management of the Charity's activities. They may exercise all such powers of the Charity as are not, by the Companies Act 2006 or by its Articles of Association, required to be exercised by the Members of the Charity. Subiecl to that, the Trustees have power to invest funds as they see fit. Constitution, Objects and Policies The Charity is a Christian Church which is controlled by its Articles of Association and constitutes company limited by guarantee as defined in the Companies Act 2006. It was incorporated on 20 April 2016 and registered as a charity by the Charity Commission on 4 May 2016. Its charitable purpose is to advan the Christian religion. The Charity advances the Christian religion through, for example, various religious activities and helping those in need. As such, it continues the work done by the former charitable trust of the same name which began in the 1980s and was formally closed by its trustees on 31 October 2020.
CHEDDAR VALLEY COMMUNITY CHURCH TRUSTEES, ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 Development, activities and achievements Overview Cheddar Valley Community Church benefits the general public, including families, children, young people, elderly and disabled people and other charities. In achieving its aims, the Charity provides buildings, services and human resources. It also provides advocacy, advice and information, and gives gifts to individuals and organisations including other charities and churches. Thanks to our volunteers on more, the Trustees would like to thank everyone who volunteered for the Charity during 2024. Without such willing helpers, very many of the Charity's activities would not have taken place. We are blessed to have a strong team of volunteers who assist with running group activities, helping with youth & children's work, welcoming people to our services and setting up events. Our worship and leadership teams are also formed ofvolunteers, and we are grateful fortheirtime and commitment to the Charity. Sunday evening meetings Our primary purpose as a church is to introduce people to Jesus and encourage those in our congregation to deepen their relationship with him through worship, communion and teaching. Our Christian faith encourages us to provide support and encouragementtolhose in need, so we also seek to be outward looking by helping those in this category, both at home and abroad. Our Sunday SeiceS provide a key platform for facilitating these objectives. We continued to meet on Sunday evenings at Draycott Memorial Hall, situated in a village close to Cheddar. The eady evening meeting provides an altemab've b'me to worship for many of those in the community, particularfy for familEs whose chikjren are inVoed in swrting activities on Sunday momings. Our services are also available to join using Zoom video conferencing technology for the benefit of those who are unable to get to meetings in person. During the year, we ran key teaching series, 'Fulfilling our destiny, and 'Transformation'. We looked at how we can develop to become the people God wants us to be and at how biblical characters were transfomed by God as a model for how we likewise might be transfomed. We invited a range of people to speak at these meetings, including those from outside our immediate fellowship, to ensure that we learn from a wide range of perspectives. also continued our twcpyear project with Share Jesus International I'SJI., https.'IAww.sharejesusinternational.comlabouU}. Under the auspices of "The Emmaus Projert we have been continuing to learn how to share our faith with family, friends and others we encounter in our work or communities. We have been working with an experienced SJI team member who has provided us wth training, support and access to a pool of SJI resources. We have been challenged by the process and hope to continue this journey beyond the ryear time horizon to truly embed many of the principles of the course into the church. Our service on the first Sunday of each month is designated as a family service with a light tea provided. This has proved to be very popular and the opportunity to fellowship with one another has been enjoyed by many. We have also encouraged the children to be increasingly involved in this service, helping them to grow both in confidence and in faith.
CHEDDAR VALLEY COMMUNITY CHURCH TRUSTEES, ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 We have held a number of alternative Sunday meetings, some labelled as 'Prayer Stations,, where we take the time to pray for our local community, our nation, the churches we partner with overseas and other nations throughout the globe. We were, once again, delighted lo have been able to baptise several people during the year. Baptismal services are always well attended as a time for celebration when individuals make a public declaration of their faith in Jesus. Finally, we particularly enjoyed the Christmas season when we were able to invite visitors to our Christingle and Carol services. Our baptismal selv1 and Christinqle 2024 Wider church meetings We have a strong belief that 'church' is much more than a building or a meeting on Sunday evening. The true definition of church is the community of believers in Jesus, wherever they are gathered. As such, we enjoyed meeting together in a variety of different contexts, some of which were as follows.. House groups These smaller group gatherings provide a place to explore faith in Jesus in more depth than could be done al a Sunday evening meeting and lo help deepen relationships. The groups followed particular courses and utilised talks from recent conferences as a basis for exploration and discussion. The groups also provide a social function with, for example, visits to the local garden centre on a monthly basis to enable newcomers and friends to join.
CHEDDAR VALLEY COMMUNITY CHURCH TRUSTEES, ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 Prayer meetings We believe that prayer is vital to the life of the church, enabling us to Connect with God to see his purposes fulfilled on earth. Prayer is a key component of many of the meetings we hold but specific meetings also take pla where prayer is the focus. These were primarily on Sunday mornings and Tuesday afternoons. During 2024, we also started a monthly mid-week prayer meeting. While numbers tend to be small, we were delighted to be joined by a Christian couple from outside the church who wanted to pray in unity with us. We also ran a number of contemplative prayer sessions, some ofwhich were attended by people from outside the church who were keen to explore this method of praying. Our prayer station services also afforded the opportunity for people to pray for local, national and international matters. church.life This forum was set up to facilitate social interaction and invite people from outside the church to join us in a more relaxed environment. Evenls in the year consisted of meals, walks and games nights. A summer BBQ al Winlerhead proved very SUCssful as both an opportunity to personally thank our volunteers and to bring friends & family from outside the church. Easter sunrise 2024 CAMEO (standing for Come and Meet Each Other) This group was set up to support those who are eldedy, lonely or find it hard to get out and about. The volunteers who run this provide a much-needed opportunity to socialise with others, with the added joy of a freshly baked cake or scone. Synergy This forum provides opportunities for fellowship for those who find themselves alone for whatever reason. The group typically goes out for walks and meals.
CHEDDAR VALLEY COMMUNITY CHURCH TRUSTEES, ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 Children and young people Children and young people are both members ofthe Church now and the leaders and members ofthe Church of the future. They are essential therefore to the life of every church, and accordingly very important to us. Our children and young people's work is led by a member of our Leadership Team. We are very grateful to them and to the team of around 12 volunteers who help with the work. These individuals and other members of the congregation put considerable prayer and effort into each child and young person. Slaying giants (on more than one occasionll We were also grateful to Scripture Union {'SU') and their Regional Mission Team Leader for the South West who provided invaluable support, training, and resources for our people involved with ministry to children and young people. The team was disbanded by SU late in 2024, hence in 2025 we plan to continue our relationship with some of the individuals who are now working independently. The main groups available for young people are Infinity114 to 16 year olds) and Wildfire (9 to 11 year olds). We also have a group for the under 11 s during Sunday evening meetings. Infinity had around 10 young people attending regularly, although the numbers reduced as this group finished their GCSE year. Most of these young people have no church background. This group has been running for 6 years and much of it is about ongoing relationships and expressing care and interest
CHEDDAR VALLEY COMMUNITY CHURCH TRUSTEES, ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 in each person. Many ofthe Infinity group effectively graduated from the group in the summer of 2024 when they finished their GCSES. We continue to offer them ongoing meetings and support as they explore the next phase of their lives. Wildfire had 15-20 young people aged 9-11 regularly attending the group by the end of 2024. These are a mix of children from church families across the churches in Cheddar and others with no church background. We have 4 leaders including one from a different Church in Cheddar. We used resources provided by Scripture Union which helped the young people to engage with their faith through games, activities and a 15 minute 'failh slot, which has seen the young people grow in their faith, understanding of the bible and willingness to pray aloud. We held a weekend away at the Scripture Union"Go Wild" weekend in Dartmoorforthe Wildfire group during the year. Vve subsidised the costs to ensure that everyone who wanted lo attend could do so. The weekend was full of fun and activities, building relationships with each other and with God. We continued to arrange a free monthly youth event throughout the year called "Infinity & Beyond for all young people in school years 5+ involving all the churches in Cheddar. We have a team of 7 leaders from across four churches and welcome young people from all the churches and from none. Activities have included the ever popular 'nerf and chips, and pancake night when the poor leaders ended up wearing a considerable volume of marshmallows and squirty creaml A short message at each event encourages the young people to consider matters relating to the Christian faith. These meetings provide an important forum for young people lo come togetherfrom across the churches and know that they are not alone in wanting to explore faith, as well as have some fun. We had about 20 young people attending each time. Wildfire pancake party and Go Wildl
CHEDDAR VALLEY COMMUNITY CHURCH TRUSTEES, ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 Activities in the community Schools As part of our support for young people, we have for many years helped fund a Chaplaincy post in the local secondary school (The Kings of Wessex (Kow) Academy). We were pleased to be able to continue doing that by maintaining the higher level of funding we offered in 2023, and through weekly meetings for prayer. We have also reached out to the First and Middle schools in the Cheddar area to see how we can help them and plan to develop this work in 2025. Encouragingly, our Youth and Children's Leader began taking school assemblies at a local school in 2024. Churches together We continued to play an active part in monthly meetings of church leaders in the Cheddar Valley which provided support to each other, prayer and discussion of ways lo work together. Our aim is to reach and support our communities more effectively. Joint events were also held, including a mini pilgrimage walk from Cheddar to Wells Cathedral with various stops lo pray, and carol singing around Cheddar together. Carol singing in Cheddar village and the Pilgrimage walk Ukrainian refugees Sadly, the war in Ukraine and resulting humanitarian crisis continued throughout the year. We continued therefore lo host a Ukrainian family in our Church Flat, as did families in the Church who were hosting refugees in their homes. Some of these Ukrainian adults and children also continued to join us for Sunday meetings and to volunteer and participate in other activities of the Charity. These included preparing and then running a Ukrainian Christmas event with food in January.
CHEDDAR VALLEY COMMUNITY CHURCH TRUSTEES, ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 Hardship fund We recognise the financial challenges experienced by many members of our local community and are keen to express our faith by supporting them in practical ways. We established a hardship fund for this purpose some years ago and have donated money from this to help those in need. The fund is not as well utilised as we would hope so we are keen to expand its use in 2025. Other events New Wine Leadership conference Once again, a significant number of leaders and Trustees from the church attended the New Wine Leaders, Conference. We also sponsored a younger person to attend the conference. The event provided a great way to connect with leaders from across the UK and to hear about the ways in which God is moving in our nation. New Wine Summer Festival A small number of church members and their families also attended the New Wine summer festival. We were able to take time away from our busy lives to leam more about God. The festival also provided time to fellowship together and to have fun, especially as we were blessed with good weather this year. VTh' IT Enjoying fellowship at Ihe New Wine Summer Festival New Wine Ladies, Day A group of ladies from the church enjoyed a New Wine Ladies, Day in Worcester, which was a lovely opportunity to worship, pray and to hear about women who are fulfilling their calling, whether ministering in the church, their families, in charities or in business.
CHEDDAR VALLEY COMMUNITY CHURCH TRUSTEES, ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 Overseas missions The Charity has long held some great connections overseas and we were pleased to continue to support churches in France, Turkey, and Bulgaria. The need for Christian wtness in these countries is great and it is a privilege to be able to help support this with both finances and with visits which were primarily undertaken by a former leader of CVCC who has a particular calling to this ministry. In 2024, the Charity was pleased to sponsor such visits to Fran, Turkey and Bulgaria. We expanded our support for Turkey by giving some financial support to a couple who have connections in the South Wesl of the UK. This has facilitated in-person meetings wrth a wider section of the Charrty. During a visrt to Bulgaria, street weddings were a particular feature, together with a large number of outdoor baptisms. r4. A street wedding and baptisms in Bulgaria
CHEDDAR VALLEY COMMUNITY CHURCH TRUSTEES, ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 The Truslees confim that they have had regard to the Charity Commission's general guidance on public benefit and its supplementary guidan on the advancement of religion for the public benefit., and that the Charity benefits the public. Financial Review & Reserves Policy The Trustees and Leadership Team closely monitor the Charity's financial position and take appropriate action if there is deterioration. Rather than risk putting newcomers off thurchby d¥olingoffering bowls in theirfaces or making regular appeals in meetings for money, we do not usually take up offerings at meetings unless they are for specific purposes. We invited such an offering following a talk in 2024 by the founder of LiberateUK. This is a Community Interest Company which "envisionlsl a world where vulnerability never becomes exploitation. We are committed to calching individuals al their most vulnerable moments-before they fall into the traps of modern slavery, criminal exploitation or abuse. Despite not holding weekly in-person offerings we were pleased to see that regular unrestricted offerings to the Church through the banking system were more than we had expected al the beginning of the year. This was due to the commitment and generosity of those who meet with us, for which we are very grateful and do not take for granted. We had created a Designated Fund for future staffing and other needs in 2020, but this had not been used for some while. The amount in it, though, had fluctuated from month lo month to stabilise the amount held as Resetve. Accordingly, when agreeing an updated policy on Reserves during the year, we considered the need for the Fund and decided to abolish it. The contents of the Fund were thereafter treated as part of our formal Reserve. Our new policy on Reserves set out the main financial risks we saw, possible coping strategies and the minimum amount we considered it ne$Sary to hold. This was.. Six months, staff and associated redundancy costs., b. Three months, expected non-staffing costs excluding Charity donations to others as in item d below c. No allowance for items supplied to the Charity under long-term contracts such as two-year energy contracts. We considered it unlikely that we would have to terminate any of these contracts. And although such contracts contained penalty clauses in the event of default, the amounts would be redUd to zero as time passed. We recognised that this issue would have to be looked at again if the Charity's finances became tighter. d. Similarly, with moral commitments to donate money to some churches and to others which we made each year. The amounts varied from year to year and would be redUd as each year progressed and the donations were disbursed. This too would need to be reviewed, Ihough, if the Charity's available money ever fell near to the Reserve figure. 10
CHEDDAR VALLEY COMMUNITY CHURCH TRUSTEES, ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 With rounding the calculable figures came to £25,000, which was agreed. This amount would be made up from all the funds held by the Church in net current assets that were not legally committed (even though they might be notionally committed via the setting of a budgeti. By God's grace we were more than able to meet this ReseNe figure and have additional money for operating purposes as our net unrestricted Gurrent assets were £206,901 at 31 Dember 2024. The donations referred lo above implement our commitment to channel fvnds into missions and community activrties. Ourtarget in any particular year is an amount equal to at least 150/0 of the Church's unrestricted income in the previous year. In addition to that, we also set aside an amount equal to a further 5 % of the previous year's unrestricted income, specifically for mainly local situations. Overall, then, our commitment is 200A of the previous year's unrestricted income. In 2024, this money enabled us to continue with additional funding for the Schools, Chaplain so she could spend more time helping the children in the Kow Academy and elsewhere. Assistan and support were also provided las explained earlier) to churches in Bulgaria, Fran and Turkey. We were able also to help some individuals in financial hardship. Overall, since setting up our separate Hardship Fund and inviting contributions to it, we have helped nine families. Over 650/0 of these did not al the time join us for worship and some still do not. We are alright with that as God is incredibly generous to everyone without asking or expecting anything in return. As explained in paragraph 2 of the 2023 Notes to the Financial Statements, we had been notified of potential income from a future legacy. This income was not included in the 2023 accounts as probate had not been granted by the end ofthat year. So, although we knew that some money had been left to the Charity in a will, we did not know how much. After probate and other procedures had been completed, we received around £139,285 in October 2024. That was a staggering amount compared to the 2023 unrestricted income of £72,161. This was only the second legacy we were aware of and we are grateful for both. Receipt of the legacy enabled us to move forward with improving the rear access road to our premises. This road had not been adopted by the Council and was thus the responsibility of all the residents with 'frontage' onto it. We sought to enlist help with costs from other owners, but with limited success. Nonetheless, with their agreement, we engaged contractors to improve the drainage and, in 2025, to lay tarmac. AcsS to our building is now much safer for everyone and flooding of our premises from the rear and of nearby homes is less likely. We made clear, though, that in arranging and paying for most of this work we were not thereby assuming any overall responsibility for this part of Gadd's Lane. Whilst incredibly welcome, we recognise that the legacy money complicates calculation of our 20 % to give away as its benefits will be spread over several years, projects and recipients (including some slaffing costs). That may mean we miss ourtarget in any particular year. But our commitment remains the same, and is carried fomard in our 2025 budget. Finally, we want to record again that none ofwhat we have achieved in this and previous years would have been possible wilhoullhe generosity and commitment of individuals in the Church whose regular donations make up a significant majority of the Charity's usual income., and
CHEDDAR VALLEY COMMUNITY CHURCH TRUSTEES, ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 that the Charity also benefitted from an unquantified but very considerable amount of volunteer support from our people without which it could not operate effectively. We are very grateful to them for that, particularly lo those who undertook several roles, and formally thank everyone who continued or began helping during the year. Future development As we look ahead to 2025, we are encouraged by the signs of a 'quiet revival" taking place across the wider Church, particularly in the lives of young people. In recent years, God has spoken to us prophetically about our calling to serve and bless children and youth. The testimonies we are now hearing resonate deeply with these words. Vvhile the Cheddar Valley may nol appearto have the same dynamics as urban centres experiencing revival among young people, we are beginning to see early evidence that God is moving here too. In light of this, the Charity is Committed to deepening ils investment in Children and young people. The extraordinary legacy we have received recently will be dedicated primarily to supporting this vision. In previous years, we have either run our own summer camps or subsidised attendance at events hosted by others. However, this legacy allows us to go much further in 2025. Plans are already in motion for a larger local festival, open to a wider audience. A proportion of the legacy has been allocated to this event. Encouragingly, families with no current church connection have already expressed interest in attending. Additionally, the legacy enables us to fund a part-time Children's Worker, a significant step forward for the Charity. This role will focus on strengthening ties with local schools and churches while also enhancing our internal children's ministry. Following a successful interview process, a candidate was appointed and will begin the role after Easter 2025. We anticipate that the legacy will sustain this position for the next three years, after which we hope to fund it through our regular income. This new appointment will allow us to build stronger relationships with the First Schools in the Cheddar Valley. At the same time, our Youth and Children's Leader continues to develop links with Faidands Middle School and the Kings ofWessexAcademy, where we partially supportthe Chaplaincy. Through these connections, we hope to share God's love more meaningfully with families across our community. The Charity remains committed to supporting those in financial difficulty through our Hardship Fund. While identifying those in need can be challenging, we believe that stronger school partnerships will help open doors for this vital support. We will also continue to collaborate with other churches on joint initiatives, such as Infinity & Beyond. and aim to deepen relationships with Christians in the Valley who are not currently part of a church community. Our journey with the Emmaus Project will continue through 2025, helping us to explore new and more effective ways of introducing people to Jesus. While our fomal involvement with the project is set to conclude in Autumn 2025, we are eager to carry its momentum forward, especially as we prepare to welcome new families following the summer festival. In March 2025, several of our leaders and Trustees will attend the Ekklesia Conference, co-hosted by the founder of the Emmaus Project. The conference will include round-table discussions that create space to reflect on how God is moving in our communities and how we might respond. Recognising the vastness of God's nature and our limited understanding, our first teaching series of 12
CHEDDAR VALLEY COMMUNITY CHURCH TRUSTEES, ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 2025 will be titled Getting to Know God Better. This series will explore practical ways we can grow in relationship with Him, including contemplative prayer, Bible study, and action. We also plan to continue developing opportunities to pray together as a community. In 2025, the Charity will maintain its commitment to international mission. Leaders will visit our partner church in France in January, and we will continue to support churches in France, Turkey, and Bulgaria through both visits and financial gifts. Finally, some of the legacy funds will also be used to refurbish areas of our main building, ensuring our space is well-equipped to serve the community in the years to come. 13
CHEDDAR VALLEY COMMUNITY CHURCH TRUSTEES, ANNUAL REPORT YEAR ENDED 31 DECEMBER 2024 ststement of trustees, responsibilities The trustees (who are also directors of Cheddar Valley Community Church for the purposes of company lawl are responsible for preparing the Trustees, Report (incorporating the strategic report and directors, report) and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102.. The Financial Reporting Standard applicable in the UK and Republic of ireland (United Kingdom ACpted Accounting Practi}. Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the income and expenditure of the charitable company for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP., make judgments and accounting estimates that are reasonable and prudent., state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements., and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charrtable company will continue in business. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy al any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. Aug 112025 Approved bytheTrustees on..................................and signed onlheirbehalfby.. Colin Evans, Chair of Trustees 14
CHEDDARVALLEY COMMUNITY CHURCH REFERENCE & ADMINISTRATIVE INFORMATION YEAR ENDED 31 DECEMBER 2024 Charity information forthe yearended 31 Dember 2024 Trustees J Cainey (from 8110124) C Evans S Hall PHart A Mehlig R Timm Charity Offices The Oasis Tweentown Cheddar Somerset BS27 3JB Independent Examiner Joshua Kingston BSC., ACA Burton Sweet Limited The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR Bankers CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME194JQ Kingdom Bank Ltd Media House Padge Road Beeston Nottingham NG9 2RS Lloyds Bank plc 25 Gresham Street London EC2V 7HN Monmouthshire Building Society Monmouthshire House John Frost Square Newport NP20 1PX Registered Numbers 1166903 (Charity) 10135450 (Company) 15
CHEDDARVALLEY COMMUNITY CHURCH INDEPENDENT EXAMINER'S REPORT YEAR ENDED 31 DECEMBER 2024 Independent examiner's report to the trustees of Cheddarvalley Community ChUh I'the Company,) I report lo the charity Iruslees on my examination of the accounts of the Company for the year ended 31 December 2024. Responsibilities and basis of report As the charity's trustees of the Company land also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 I'the 2006 Act'l. Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 I'lhe 2011 Acl'l. In carying out my examination I have followed the Directions given by the Charity Commission under section 14515) Ibl ofthe 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause lo believe.. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act,. or the accounts do not accord with those records., or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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., or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concems 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 understsnding of the accounts to be reached. ockkn Joshua N Kingston Bsc., ACA Burton Sweet Chartered Accountants The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1 UR Date.. Aug 11 2025 16
CHEDDAR VALLEY COMMUNITY CHURCH STATEMENT OF FINANCIAL ACTIVITIES (Including Income and Expenditure Account) YEAR ENDED 31 DECEMBER 2024 Unrestricted Restricted Totsl Funds Total Funds Funds Funds 2024 2023 Note Income from: Donations and legacies Charitable activities Investments Other Income 210,216 60 2,903 100 4,917 215,133 60 3,011 100 83,867 1,782 784 108 Total income 213,279 5,025 218,304 86,433 Expenditure on: Charitable activities 70,224 5,370 75,594 101,936 Total expenditure 70,224 5,370 75,594 101,936 Net incomel(expenditure) for the year 143,055 {345) 142,710 {15,503} Transfers beeen funds 12 400 {400) Net movement in funds 143,455 {745) 142,710 {15,503} Reconciliation of funds: Total funds brought fonmard 12 390,587 3,224 393,811 409,314 Total funds carried forward 12 534,042 2,479 536,521 393,811 The Charity has no recognised gains or losses other than the results for the year as set out above. Prior year comparatives are set out in note 8. The notes on pages 19 to 27 form part of these financial statements. 17
CHEDDAR VALLEY COMMUNITY CHURCH BALANCE SHEET AS AT 31 DECEMBER 2024 Company Number: 10135450 2024 2023 Note Fixed assets Tangible assets Current assets Debtors Cash at bank and in hand 327,141 327,738 10 3,467 210,273 213,740 4,492 68,452 72,944 Creditors: Amounts falling due within one year Net current assets 11 (4,3601 (6,871) 209,380 66,073 Net assets 536,521 393,811 Funds Unrestricted funds General funds Designated funds Restricted funds 13 13 13 534,042 362,738 27,849 3,224 2,479 Total funds 13 536,521 393,811 For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities.. The directors acknowledge their responsibilities for complying with the requirements of the Act wth respect to accounting records and the preparation of accounts The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006. The members have not required the company to obtain an audit of its accounts for the year in question in accordan with section 144{2} of the Charities Act 2011. These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act applicable to small companies subject to the small companies regime and in accordan with FRS102 SORP. These financial statements were approved by the Trustees on their behalf by.. Aug 112025 and are signed on Colin Evans Chair of trustees The notes on pages 19 to 27 form part of these financial statements. 18
CHEDDAR VALLEY COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 l Accounting policies (al Basis of preparation The financial statements have been prepared in accordance with the historical cost convention (except where otheise stated in the accounting policy note) and in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) issued in October 2019, and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 1021, and the Companies Act 2006. The charity is a public benefit entity as defined under FRS102. There are no material uncertainties affecting the ability of the charity to continue as a going concern. (bl Income Income is recognised when the Charity is entitled to the resources and the amount can be measured with reasonable certainty. Income is shown gross and with the associated costs shown (cl Expenditure Expenditure is included in the Statement of Financial Activities on an accruals basis, inclusive of any VAT which cannot be recovered. Charitable activity expenditure comprises those costs incurred by the charity in the delivery of its activities for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the fees and costs linked with the strategic management of the charity. They have been included within charitable activity costs. (dl Tangible fixed assets Tangible fixed assets held by the Church which are brought foward were brought into the accounts at an estimated value as al April 2014, and this was taken as the deemed historic cost. Assets held at this time, and assets valued at more than £1,000 acquired at a later date are depreciated according to their estimated useful lives as shown below. That policy was subsequently reviewed and il was decided to increase this limit lo £1,500 from 1 January 2023. Land and buildings have also been given a deemed cost and are not depreciated. It is the Trustees, policy to maintain buildings held for charitable use in such condition that their useful economic life is indeterminate. The trustees are therefore of the opinion, that this policy, and the location of the property means that the current residual value of the property is not less that the carrying value in the accounts, and consequently, no depreciation is charged. Fixtures and fittings are depreciated at 15 % per annum on a reducing balance basis. Office Equipment is depreciated at 200kn per annum on a straight line basis. e) Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts. 19
CHEDDAR VALLEY COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 l Accounting policies (continued) fj Cash and bank balances Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. g) Creditors Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds lo a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. h) Fund accounting Unrestricted funds can be used in accordance with the charitable objects at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in note 12 of the financial statements. 2 Income from Donations and legacies Unrestricted Restricted Total Funds Funds Funds 2024 Donations Gift aid tax refunds Grants received Legacies 53,176 10,955 6,800 139,285 4,668 249 57,844 11,204 6,800 139,285 210,216 4,917 215,133 Prior year comparative Unrestricted Funds Restricted Funds Total Funds 2023 Donations Gift aid tax refunds Grants received 51,244 11,274 7,100 11,870 2,379 63,114 13,653 7,100 69,618 14,249 83,867 Total donations received from Trustees, key management personnel and related parties in the year were £37,44912023'. £43,611). 20
CHEDDAR VALLEY COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 3 Income from Charitsble activities Unrestricted Restricted Total Funds Total Funds Funds Funds 2024 2023 Use of Church rooms 60 60 1,782 60 60 1,782 All charitable activity income in the prior year was unrestricted. 4 Expenditure on Charitable activities Unrestricted Restricted Total Funds Funds Funds 2024 Direct costs Donations Youthwork and worship ministry costs Missionary costs Church staff costs Support costs Establishment costs Professional fees Equipment leasing LInsing and subscriptions Administration costs Miscellaneous costs Depreciation Independent examiner's fee (see note 51 14,468 4,320 1,304 20,852 5,370 19,838 4,320 1,304 20,852 16,717 576 733 5,771 781 685 597 3,420 16,717 576 733 5,771 781 685 597 3,420 70,224 5,370 75,594 21
CHEDDAR VALLEY COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 4 Expenditure on charitsble activities (continued Prior year comparative Unrestricted Funds Restricted Funds Total Funds 2023 Direct costs Donations Youthwork and worship ministry costs Missionary costs Church staff costs Support costs Establishment costs Professional fees Equipment leasing LInsing and subscriptions Administration costs Miscellaneous costs Depreciation Accountancy fees 15,207 4,202 14,121 19,329 12,012 2,133 27,219 6,335 14,121 19,329 20,686 731 735 6,434 883 130 1,312 4,020 20,687 731 735 6,434 883 130 1,312 4,020 87,790 14,146 101,936 Donations Included in donations above are the following.. 2024 2023 Grants to institutions Compassion UK Centre Chrétien Église Baptist de St Malo Foundation of Unified Protestant Churches IUPCFI, Turkey Protestant Churches Foundation (PCF), Turkey Kutahya Kilisesi, Turkey LiberateUK CIC Love Brislol Open doors Umut Kilisesi, Bulgaria Tear Fund The Kings of Wessex Academy Share Jesus Inlernalional Grants to individuals Grants to individuals from Hardship fund 663 1,320 1,425 4,950 1,180 506 866 4,950 25 100 1,000 600 3,900 500 14,059 2,319 3,900 1,000 893 800 17,737 27,219 22
CHEDDAR VALLEY COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 5 Net incomel(expenditure) for the year 2024 2023 This is stated after charging.. Depreciation Independent examiner's remuneration For independent examination For accounts preparation Prior year'5 over accrual Trustees, expenses 597 1,312 2,516 1,240 13361 65 2,680 1,340 55 No remuneration was paid to Trustees during either the current or prior year. 6 Staff costs 2024 2023 Wages and salaries Pension contributions 20,626 226 19,133 196 20,852 19,329 No employee received emoluments of more than £60,000. During the year, the average headcount of staff was 2 {2023= 2). The average number of full time equivalent employees in year was 0.612023: 0.6} The Trustees consider any individuals land their spouses} who served as a Trustee and / or on the Church Leadership team to be key management personnel. The total employment benefits received by key management personnel during the year were £20,852 (2023.. £19,329). 7 Taxation The charity is exempt from Corporation tax on its charitable activities. 23
CHEDDAR VALLEY COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 8 Fund Comparatives for the Statement of Financial Activities Unrestricted Funds Restricted Funds Total Funds 2023 Income from". DonationslLegacies Charitable activities Investments 69,618 1,782 761 14,249 83,867 1,782 784 23 Total income 72,161 14,272 86,433 Expenditure on: Charitable activities 87,790 14,146 101,936 87,790 14,146 101,936 Net incomel(expenditure) for the year 115,629) 126 {15,503) Transfers between funds {738) 738 Net movement in funds 116,367) 864 {15,503} Reconciliation of funds: Total funds brought forward Total funds carried forward 406,954 390,587 2,360 3.224 409,314 393,811 24
CHEDDAR VALLEY COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 9 Tangible fixed assets Land and Fixtures and Buildings Fittings Office Equipment Total Cost At 1 January 2024 At 31 December 2024 325,000 14,274 6,774 346,048 325,000 14,274 6,774 346,048 Depreciation At 1 January 2024 11,755 6,555 18,310 Charge for the year 378 219 597 At 31 December 2024 12,133 6,774 18,907 Net Book Value At 31 Dember 2024 325,000 2,141 327,141 At 31 Dember 2023 325,000 2,519 219 327,738 10 Debtors 2024 2023 Prepayments Gift aid 2,555 912 3,531 961 3,467 4,492 11 Creditors 2024 2023 other creditors Accruals and deferred income Taxation and social security 555 3,756 49 2,838 4,020 13 4,360 6,871 25
CHEDDAR VALLEY COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 12 Movement in funds Asat 1 January 2024 Asat 31 December 2024 Total Income Total Expenditure Transfers Unrestricted funds General fund Designated fund 362,738 27,849 213,279 170,224) 28,249 (27,8491 534,042 390,587 213,279 170,224) 400 534,042 Restricted funds UPCF Hardship fund LiberateUK offering Summer camp Ekklesia Conferen Soyak, Turkey 153 3,071 1,422 58 506 1,250 178 150 {1,425) {800) {506) {850) {178) {150) 150 2,329 14001 3,224 3,564 {3,909) 14001 2,479 Total Funds 393,811 216,843 174,133) 536,521 Prior year comparative Asat l January 2023 Asat 31 December 2023 Total Income Total Expenditure Transfers Unrestricted funds General fund Designated fund 361,954 45,000 72,161 187,790) 16,413 (17,1511 362,738 27,849 406,954 72,161 187,7901 17381 390,587 Restricted funds UPCF New Building Gift Hardship fund Summer camp Ukraine Turkey/Syria earthquake Veli, Bulgaria Soyak, Turkey 114 1,039 {1,000) 153 2,245 3,145 1,395 25 1,094 4,449 3,125 {2,319) {2,133) (25) {1,094) {4,449) {3,125) 3,071 738 2,360 14,272 114,146) 738 3,224 Total Funds 409,314 86,433 (101,936) 393,811 26
CHEDDAR VALLEY COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 12 Movement in funds Restricted funds relate to amounts donated for the purpose of funding youth and other works and for the purpose of overseas missions. The designated fund was abolished on 8 October 2024 and the balance was transferred to general funds. 13 Analysis of net assets between funds Fixed assèts Other net assets Total Unrestncted funds General fund Designated fund 327,141 206,901 534,042 Restricted funds 2,479 2,479 327,141 209,380 536,521 Analysis of net assets between funds - prior year Fixed assets Other net assets Total Unrestricted funds General fund Designated fund 327,738 35,000 27,849 362,738 27,849 Restricted funds 3,224 3,224 327,738 66,073 393,811 14 Related party transactions There are no transactions with trustees or other related parties other than those disclosed as required by the SORP elsewhere in the financial statements. 27