Montpelier Church RegN5tered Charity Number 1168853 Report Receipt5 and Payments Account and Statement of Assets and Liabilities for the year ended 31 December 2024
Page I Montpelier Church Registered Ch(Jrity Number 1168853 Year ended 31 December 2024 Contents Page Trustees Report 213 Receipts and Payments Accounts Statement of Assets and Liabilities Notes to the Accounts Independent Examiner's Report
Page 2 Montpelier Church Registered Chority Number 1168853 Trustees Report for the year ended 31 December 2024 Administration Details Trustees who have served duringthe year J Crabtree L Downham D Morri5 MRGSmith Church Address Bankers Biddulph Road, South Croydon, CR2 6QB TSB plc, 40 Woodcote Road, Wallington, SM6 QNR Structure. Governance and Management Montpelier Church wa5 set up by a Deed of Trust dated 29 May 1929 to operate a Christian place of worship under the practices of the Christian Brethren. On 22 August 2016 the Church registered as a Charitable Incorporated Organisation ICIOI with the Charity Commission for England and Wales. On l December 2016 all the assets and liabilities of the trust were transferred to the CIO. The Church operates under the Constitution submitted to the Charity Commission. The trust was and the Charity is governed by a board of trustees who delegate the spiritual governance to a team of Church leaders, known as the Core Leadership Team ICLTI, and the practical maintenance of the buildings to suitably qualified individLJals. Tho appointmont of trustees is made by the board- the Church leadership by the CLT. All appointments are made by unanimou5 agreement. Activities Monthly café Style Sunday services took place through the year, with interactive group discussioris over refreshments, as well as regular Church Services on the other Sundays. The Kids, Church and Crèche ministries ran on most Sundays during termtime catering for children up to primary school age. At the beginning of March the Church held a quiz night ahead of the pastor going on a three month sabbatical. A bring-and-share fellowship meal held in April raised funds for the Church's sponsor child in Malawi. A sum mer fete took place in June, with stalls run by Church and community members, including kids, activities, barbeque, books & toys, raffle, and tombola, raising a signif icant sum of money for the running of the Church. In the autumn, the Harvest service saw the Church congregation donating a usef ul quantity of items to the local Food Bank. At the end of tho year the congegation said f arewell to the pastor as he and his family returned to Canada after eight years of involvement with the Church. Achievements and Performance During the year links were forged with churches and Christian organisations in the local area, especially Innovation Churches 3nd Purley Baptist Church. The Church continues to support a range of Christian mi55ions, both locally and interr)ationally, with whom there is a personal connection to the current congregation or where there is a close alignment of value5. The increase in premises hires over recent years has continued, with International Need5 lone of the Church's supported missions) renewing their licence to use part of the main Church building this year, maintaining close ties. La Maternelle Nursery School started operating f rom the Church hall at the start of the year, during terrn time. With these term licensees, weekly, monthly and ad hoc hires in place, the Church has made effective use of its internal and external space this year, much of which was largely empty during the week until a few years ago. With the decision by the pastor in May that he and his family would return to Canada at year end, the Church Leadership carried out much work throLJgh the summer and autumn to establish a wav forward for the Church, with consultation of the congregation, whilst considering pastor-based and partnership-based models, and through conversations with Church Trustees and others in an advisory position. Continues
Page 3 Montpelier Church Achievements and Performance (continued) A Transitional Leadership Team was formed from the Trustees and Leadership to help discern the way forward. Having worked with Forestdale Church (part of Innovation Churches) 5uccessfullv during the pastor's sabbatical, it was decided to engage their support with service leadership and pastoral guidance over a trial period of six months to June 2025, whilst sou rcing guest preachers from other local churche5, Wlth whom links had also been forged dLJring the sabbatical. The Church continued to SUPPOrt the Growbaby project which enables provision of clothes and other nece55lties to children of familie5 in need, including ref ugees. The Church and Growbaby ran a joint Christmas gift campaign enabling Christmas presents to be givon out to familie5. Modernisation of the sanctuary, that started in 2023, has continued. There has been a huge improvement to the ChLSrch ground5, Wlth regular garden maintenance continuing, to align with the needs of La Maternelle Nursery School. Links with the local food bank, Purley Food Hub, have been maintained. The Church continues to support Christian missions locally and around the world. Financial Review In 2024 the Church's total funds increased from £21,897 to £30,446. Total incoming resources increased f rom £58,758 in 2023 to £61,248 thi5 year. The largest factor in this improvement was a £12,866 increase in premises hires, though this was somewhat offset by a decline in donations and offerings. Total resources expended reduced from £60,692 to £SO,270. Some of this reduction came frorn no longer paying the pastor stipend this year. A 5urplu5 of £8,548 was achieved, this being the first year this has happened since 2015. The Church's total cash reserves were consequently in a less fragile position at year end, than in 2023, though still remain much lower than, say, a decade ago. Hire of Church premises formed 60.6°A of unrestricted income this year, compared to 39.8% in 2023. Continued willingness of the congregation, with further increase in their number, to give f inancially to the Church through offerings is Still needed to aid the position. Indeed, this is a Biblical principle and, for the Church to remain viable as a place of worship longer term, it is important to find way5 of encouraging people in the local community to join the fellowship. The Church continue5 to direct a portion of offerings and ad hoc donations toward the Christian mi55ions whose work it supports. Whilst the Church's finances are now more stable than in recent years, its relatively low reserves remain a concern. The Church retains funds to cover outgoings with reasonable contingency. The Church leadership have realised that help from outside the Church is reqLJired for it to be sustainable longer term and this is part of the reason for forgin8 links with other local churches. The Church's financial policy is to hold funds readily available to meet the ongoing costs of the Charity. Approved by the trustees on Signed /Mrf<- Trustee name.. Vmont elier Church ljye a life of love.
Page 4 Montpelier Church Registered Charity Number 1168853 Receipts and Payments Account for the year ended 31 December 2024 Unrestricted Restricted Total Funds Total Funds Funds Funds 2024 2023 INCOMING RESOURCES Voluntary Income Investment Income Income from Church Activities Other Incoming Resources 21,005.36 3,626.56 24,631.92 33,760.15 560.64 34,979.08 560.64 36,055.77 228.86 24,768.77 1,076.69 Total incoming resources 56,545.08 4,703.25 61,248.33 58,757.78 RESOURCES EXPENDED Charitable Activities Ministry Costs Other Costs 1,175.76 21,000.00 26,754.24 3,769.25 4,945.01 21,000.00 26,754.24 4,107.41 25,366.00 31,218.13 Total resources expended 48,930.00 3,769.25 52,699.25 60,691.54 Net movement in funds At 1 January 7,615.08 18,493.17 934.00 3,404.00 8,549.08 21,897.17 (1,933.76) 23,831.00 Balance at 31 December 26,108.25 4,338.00 30,446.25 21,897.24
Page 5 Montpelier Church Registered ChurityNumber 1168853 Statement of Assets and Liabilities at 31 December 2024 2024 2023 Monetary Assets Cash at Bank- Current Account Cash at Bank- Deposit Account Totals Monetary Assets 30,446 21,897 30,446 Represented by the following funds.. General Restricted - M ission Fund Restricted - Terry Nyirenda Totals Funds 26,108 3,612 726 18,494 3,404 30.446 21,897 Non-monetary Current Assets Prepayment Income Tax Recoverable 39 54 88 Total Non-Monet3ry Current Asset5 54 127 Liabilities Accrued Expenses 450 395 Non-monetary Fixed Assets Freehold Land and BuildinES Valuation estimated from buildings sum insured. £1,185,055 £1,157,280 The buildings sum insured in 2023 shown above is correct. Whereas, in 2023,5 accounts, an incorrect figure of £1,336,630 was used. This is because, in April 2023, shortly before renewal, the Church'5 insurers temporarily and incorrectly increased the amount after a rebuild cost assessment had mistakenly included a non-existent floor in the main building. The Church's treasurer then inadvertently used the incorrect figure for the 2023 accounts. Note.. Immaterial accruals and prepayments of utilities and other church expenses have been ignored. The Accounts set out on paEes 4 to 6 were approved by the Trustees. SiEned by the trustees on ?S Signed IL &-STr4 ITkl Trustee name............................................ Vmont elier Church live o life of lovo
Page 6 Montpelier Church Registered ChorityNumber1168853 Notes to the Accounts for the year ended 31 Decernber 2024 Accounting Policies (a) Basi5 of Preparation The Receipts and Payments Account and Statement of Assets and Liabilities have been prepared under the historical accounting convention. They have been prepared in accordance with the relevant recommendations of the Charities Statement of Recommended Practice120051 and the requirements of the Charities Act 2011. (b) Funds General Fund5 All funds are unrestricted and represent undistributed income. Restricted Funds These arise from specific gifts from donors to support full time Christian workers (Missionary Fundl or to provide for other church needs. The monies held at the vear end will be distributed according to the specific gifts in the forthcoming accounting periods. (c) Income and Expenditure: are both shown when received or paid respectivelv. (d) Grants Payable These are recognised when the Trustees have approved and paid the grant. Trustees Emoluments The Trustees receive no remuneration or reimbursed personal expenses from the Charity.
Page 7 Independent Examiners Report to the Trustees of Montpelier Church on the Accounts for the year ended 31 December 2024 I report on the accounts of the Trust for the year ended 31 December 2024 which are Set out on pages 4 to 6 Respectlve responslbllltles of thè trustees and the examlner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under sertion 144 of the Charities Act 2011 (The Act) and that an independent examination is needed. It is my responsibility to examine the accounts under section 145 of The Art to follow the procedures laid down in the General DirectlDns given by the Charity Commissioners (under section 14515llbl of the Act), and to state whether particular matters have come to my attention. bl Basis of ex3mln•r's report My examination was carried out in accordance with the General Direction5 given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required from an audit and, consequently no opinion 15 given as to whether the accounts present a true and fair view and the report is limite(g to those matters set out in the statement below. Independent examiner's statement In connection wtth my examination no matter ha5 come to my attention.. which gives me reasonable cause to believe that, in any material aspect, the requirements- to keep accounting records in accordance with 5130 of The Act,. and to prepare account5 which accord with the accounting records and to comply with the accounting requirements of The Art have not been met,- or bl to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Date i. 'ra£kLr FCCA Ilyefield ChartLfLd Certified Accounlanls Airw)rt Hoe Croydon CRO OXZ