City Church Birmingham Reports & Accounts Financial Year Ending 3110812024 Contents Legal & Administrative Details Trustees Report Independent Examiners Report Statement of Financial Activities Statement of Financial Position Notes - Accounting Policies Notes - Analysis of Income & Expenditure Notes - Analysis of Net Assets Between Funds Notes - Other Created using ExpensePIus
Legal & Administrative Details Charity Name.. City Church Birmingham Charity Number: 1171549 Charity Address: 25-29 Tiverton Road Birmingham B29 6BW Trustees: Craig Summer8 Doug Mullen (Resigned 2310412024) Hugh Thomson (Resigned 2910212024) Ikenna Morah John James Mark Senior steve Vthite Tim Hay Key Management Personnel: John Jame8 - Lead Pastor Craig Surnmers - Pastor Tim Hay - Pastor Harry Andrews - Operations Manager Name & Address of Primary Banker: Lloyds Bank 98 Victoria St London SW1E 5JL Independent Examiner: Blake Morris FCA No 4 Castle Court 2 Castlegate Way Dudley West Midlands DY14RH
Trustees Report Obj8cts of the charity The Church's objects are the advanrnent of the Christian faith in accordance with the Basis of Faith primarily, but not exclusively, within Bimiingham and the surrounding neighbourhood; and other such charitable puwes as shall, in the opinion of the members of the Church in general meeting further the work of the church. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Church should undertake. The Church provides support by providing grants to a wide selection of individuals and organisations involved in a Gospel ministry who have links wrth the congregation. Grants are considered by the Trustees and voted on by the Churth membership in accord with the relevant provisions of the Church Constitution. Summary of the charity's main activities and achievements To further the above objects and vision, the charity's main activities and achievements were as follows: The Church, which had an average membership of 223 and a regular congregation of approximately 325, holds a series of weekend and midweek activities, and in addition provides financial 8UPPOrt to other individuals and organisations involved in Christian mission. When planning and reviewing the objectives of the activities the Church has given due consideration to the Charity Commission's general guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. In particular, we try to enable ordinary people to live out their faith as part of our church in their local communities. The Church is committed to serving as a hub church in the Birmingham area: reaching, teaching, discipling and training Christians to carry out Gospel ministry, both in Bimiingham and further afield. The Church welcomes members arKI attenders from all backgrounds with the aim of ensuring that they do not miss the opportunity to benefit from its ministries. At Christmas we advertise our services to the local community and all our services are intended to be accessible for those who attend church irregularly or perhaps for the first time. Six times a year, we hold a church lunch after our morning service which has been consistently attended by 180 or so people. The ministries of the Church are overseen by its leadership. and are carried forward both by the Church staff, and by the extensive involvement of volunteers drawn from Church members and other regular attendees. This pattern is seen in all areas of the life of the Church including: leading of midweek homegroups; the work among students (both from the UK, and from overseas). youth and children's ministries; and men's and women's work. City Church's children's work includes a Sunday school for children from O to 11 years, which has up to 100 in attendance in nomial times. Kids Friday, a Friday evening children's club and older counterparts City Youth, all staffed entirely by City Church members, provide age-appropriate Bible teaching and a wide range of games and activities open lo all, from year 3 to year 13.
The Church attracted on average 50 British undergraduate students mostly from University of Binningham, but also from three other universities in the city. The ministry to students includes a weekly student meeting after the Sunday evening service, an annual weekend away, regular book- reading groups and one-off socials or seminar evenings. A student hospitality scheme links individual students with families in the Church. City Church enjoys a partnership with mission organisation Campus Outreach and hosts one of their teams. Campus Outreach take the message of Jesus lo university campuses to reach students for the gospel. The CO team members are integrated into City Church's student ministry team and help with student evangelism, discipleship groups and bible studies. Many intemational students connect with the church on Sundays, and through our Intemalional Student work, including a weekly discussion time about the Christian faith, open to any international student. Most years, a weekend away is also organised to enable intemational students to Visit other part8 of the country and enjoy British hospitality. The continued use 88 a Sunday venue of The Oclagon at Edgbaston High School for Girls has proved to be a great asset for the Church and provides sufficient accommodation for future church growth. Use of The Octagon is carried out under the terms of a licence. We have benefrtted from use of the school's swimming pool to baptise several individuals from the church family. The Christmas season was marked by several events, notably a traditional carol service and a contemporary service, with lots of encouragements. The Church continues to benefit from the acquisition of a church building in Selly Oak for several midweek adivities. The purchase of the building has significantly improved the quality and quantity of midweek activities and meetings organised and run by the church. The church continued to run courses and events for those who are interested in finding OLrt more about the Christian faith, and a weekly Mums 'stay and play, group which has attracted a number of parents and their pre-school children from the local area. Throughout the past year City Church has run regular men and women's breakfasts and other events for the benefit of the congregation. City Church, in conjunction with other churches has continued to facilitate and promote training and development opportunities in particular for leaders of ministries and activities in the church. Examples include The Midlands Women's Convention, Living leadership Formation conference, UCCF Student Worker Forum, and a number of more regional conferences run by Midlands Gospel Partnership. We have continued to train our ministry teams within the church throughout. City Church has demonstrated in this past year a continuing commitment to the advancement of the Christian faith through many of the activities outlines above. The church has also sought to promote the work of the world-wide church. In particular, the church continues to 8UPPOrt a number of mission partners who have been sent by the church overseas as well as some other established mission agencies. During this period the church has worked to strengthen links with other churches in the city. City Church has continued to work as a partner member of the Midlands Gospel Partnership, and as a member of the FIEC. City Church continues to support the pioneering Birmingham Collective (formerly 2020 Birmingham) as part of a coalition of Birmingham churches working in partnership to facilitate the
launch of new churches in the city. We have also worked to create awareness of the work of Birmingham City Mission and provided opportunities for members of the church to give to needy individuals and families through a Harvest collection and Christmas toy collection. In planning the activities, the trustees have applied the guidance on public benefit issued by the Charity Commission. Structure, Govemance and Management The Church is a registered charity, affiliated to the Fellowship of the Independent Evangelical Churches (FIEC). The Governing Document is based on a document developed by FIEC with agreement by the Charity Commission. Trustees are elected by the members of the Church to serve an initial one-year term of office with subsequent three-year renewable terms of office. Prospective Trustees are invited to attend number of Meetings of The Trustees prior to their appointment being proposed to the members. This enables them to be briefed on Trustee level issues, and generally broughl up to speed with both the responsibilities of the Trustees and the business of the church. The church is governed by a leadership team (Trustees) comprising the leaders of the Church. All Trustees are elders of the Church. They meet monthly to set policy and review the activities of the Church. The decisions of the leaders of the Church are subject to the scrutiny of the memb8rs of the Church at regular quarterly meetings of the Church. Significant financial decisions are taken with the approval of the members of the Church as required by the Church's Governing Documents. Some of the elders are remunerated by the Church for their work. The remuneration of the employed elders is determined by an independent Remuneration Committee consisting of non-staff Elders and lay members of the church membership and chaired by an Elder. The remuneration received by elders is approved by vote of the members of the Church on the recommendation of the Trustees following their consideration of the findings of the Remuneration Committee. The Pastors do not participate in the determination of the remuneration they receive. Trustees and Elders of the Church are proposed by the existing Trustees where they have satisfied themselves both of the need for further Trustees, and that the person proposed meets the qualifications set out in the Church Constitution. Following election by the members, training and induction of new Trustees is overseen by the existing Trustees, who may delegate certain elements of the induction process to staff members. Financial Review The financial statements this year have been drawn up on an accruals basis and include a balan sheet and this Report of the Trustees. Incoming resources for the year were £515,756 {2023- £463,049). Expenditure for the year was £484,265 (2023: £433,594). The surplus for the year was £31,490 {2023: £29,456).
Funds in Deficit At the end of the year, the Staff Support Fund was in deficit by 1,090. This fund is used to account for grant payment for certain staff costs arKI the deficit relating to the. A further grant payment has since been received to cover the deficit and costs arising from the coming financial year and the trustees expect that the full cost of the staffing role will be covered by the sarne grant source. Reserves Policy The Trustees are committed to establishing a level of reseNes for General Funds that will cover three months costs, subject to sufficient funding being available to achieve this, while not hampering the ongoing development of the ministry of the Church. The precis8 level of reserves to be attained will be subject to regular review laking into account levels of activity and prevailing circumstances. For the purposes of short- and medium-term financial management, the trustees are concerned more with the management of working capital, and the healthy working capital position is entirely in line with their policy of holding free resources sufficient to fund three months of ongoing unrestricted expenditure to cover the eventuality of a material decline in incoming resources. The Church's funding principally comes from gifts and donations made by member8 of the congregation together with associated Gift Aid. Responslbllltles of Trustees under charity law The trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales 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 Church and of the incoming resources and application of resources of the Church for that year. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently,. obser4e the methods and principles in the Charities SORP; make judgements and estimales that are reasonable and prudent., state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and prepare the financial 8tatements on th8 going COnM basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping sufficient accounting records that disclose wilh reasonable accuracy at any time the financial position of the Church and enable them lo ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Church and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signature This report was approved by the truslees, and is signed on their behalf by: Name Signatur8 Date
Independent Examiners Report I report to the trustees on my examination of the accounts of City Church Birmingham (Ihe charity,) for the year ended 3110812024. Responslbllities and Basis of R8POrt As the trustees of the Charity 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 the charity's accounts carried out under section 145 of the 2011 Act and in carying 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 Examiners Qualification Since the Church's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confinn that l am qualified to undertake the examination because l am a member of ICAEW, which is one of the listed bodies. Independent Examiner's Statement Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. l understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confimi that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting rerdS were not kept in accordance with section 130 of the 2011 Act; or 2. the accounts do not accord with the accounting records, or 3. the financial statement8 do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounls and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not matter considered as part of an independent examination. 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 understanding of the financial statements to be reached.
Independent Examlner's Details Name: Blake Morris FCA Address.. No 4 Castle Court 2 Castlegate Way Dudley West Midlands DY14RH Name Giako Morris Swnalure Date 21 /or/I02f
Statement of Financial Activities Unrestrlcted RtriCted Total Prior Yèar Incomlng R•8ourc Doratlons & Legades Charftabk Actlvttles 446,541 60.760 497,290 445,530 17.802 17.602 17.293 Inveslments 122 122 31 Ttadlng Athvlues Othèr 742 742 195 Total incoming resources 465.006 50,750 51 Jf,758 462,Q49 Re8ources Used CharitablèNL*vlOe$ 401,987 48,416 | 450,402 381.235 Raising FUrS G0Veman Costs 2,994 2,994 3,839 Support ,8e9 30,869 48,519 othtr Total resources used 435.850 48.416 484,265 433,594 Net IrKy)mlng Ioutgoing Resources (before Iransfernl Fund TrSlerS In 122.812 122.612 15,50D Fund Transfor3 Out 122.812 122,812 15,500 Net Incoming l OutgoSng Resources (tefore gainSO$se$l 29.156 2,334 31.490 29,456 IJvestrTreni Gains (or Los5esl Net Incorninu l OutgThng Rewurces (before Asset Revaluation) 29,156 2,334 31.490 29.456 Asset Revaluation Net Movement of Funds 29.158 2,334 2,849 31,490 29.456 Totsl Funds Brought Forward 343,780 346.629 317.173 Total FndS CarrieJ Fornard 372,936 5.184 378,119 346,629 Represented By General Fund IUnrastrict•d 48,937 48,937 140,163 Rese¥ ID#$ign8tedl 109.949 109.949 BU1IngS Iunrèstrictedl 214.050 21d.050 203.617 Stsff Support Fund IRÈ5trict -1,090 -1.090 -3,591 Hardship Fund IRe¥tri¢ted) 5,518 5,518 5,365 Cty Partner8 Fund IRe¥trict•d} 8iryningham Collectivè Grants IR•strkt•dl Sludént W••k8nd IUnrestdcted> 755 755 1.075
Statement of Financial Position PTlorY•ar Current As5els Cash 179,809 14,511 194,320 188.708 ACUnts RecNable 6,680 8,8e4 8.491 Prepayrnents 4,3CKI 5,568 10.354 Total 187.755 19.015 206,770 205.551 Non-currenl Assets Flxed A85ets 272.092 272,092 278,245 Inv&¥bnents Total 272,D92 272,092 276,245 Non-CurrentAssets ACUntr Payable 20.g82 1 13.831 34.793 20,789 Deferre¢ Irume 3e,015 Tot21 20,962 13,831 34,793 58,784 Non-current Liabilities Long Tenn Loan i Mortgage 65.950 70,383 Total 85.950 65.950 76,383 Net Current Assets 166.793 5,184 171,977 146.167 sets Inus 346,629 Liabillliesl Gera1 FWKI IUnre8lrf¢Aed) Re8eNes (Designat Buildin98 IUnr•8th¢tedl staff Suppct Fund IReatridÈdl 48,937 48,937 140.163 109,949 109.949 214,050 214.050 203,617 -1.090 .1,090 4,691 Hard8Np Fund (Restfithd) City Parws FuThJ IRe8trthdl 5,518 5,518 5,365 755 755 1,076 BknilrvJh8m Ccle Grsrrts {ResMctedl Sludent I8k8j IUnrestriLtid) Signature These accounts have been approved by the trustees, and are signed on their behalf by". Narne J*p4 E5 Signature Dale 31. ILf
Notes - Accounting Policies Basis of Preparation The financial statements have been prepared in accordance with the Church's goveming document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)" The Church is a Public Benefit Entity as defined by FRS 102. The Church has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 nol to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the functional currency of the Church. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. Golng Concern At the time of approving the financial statements, the trustees have a reasonable expectation that the Church has adequate resources to continue in operational existen for the fore8eeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. Key Rlsks & Uncertalnties The Trustees have examined the major slrategic and operational risks which the Church faces and confirm that systems have been established to monitor those risks so that the necessary steps can be taken to lessen them. The key risks are: Insurricient funds to enable fulfilment of vision of church: addressed by budgeting and control; monthly financial reporting; and the Annual Giving Review prOsS that tops up funding levels in response to needs revealed by the annual budget. Loss of Sunday facilities: addressed by maintaining a good working relationship with the venue. Fund Accounting Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charrtable objectives. Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Incoming Resources Income is recognised when the Church is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Voluntary income by way of grants, donations and gifts is included in full in the Statement of Financial Activities when receivable. Grant8 where entitlement 18 not conditional on the delivery of a specific performance by the charitable company are recognised when it becomes unconditionally entitled to the grant. Donated services and facilities are included at the value to the charity where this can be quantified. The value of serrfices provided by volunteers has not been included in these accounts. Incoming resources from grants, where related to perfomiance and specific deliverables are accounted for as the charitable company earn8 the right to consideration by its perfomiance. V*lhere income is received in advance of performance it is treated as d8ferred income and induded within creditor8. Resources Expended Expenditure is recognised on an accruals basis as a liability is incurred. Charitable expenditure comprises those cost8 incurred by the charitable in the delivery of its activities and services for its beneficiaries. All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Governance Costs Governan costs include those costs associated with meeting the constitutional and statutory requirements of the charitable company and include the fees of the independent examiner and costs linked to the strategic management of the charitable company. Liability Recognition The Church has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Sectlon 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Church's balan sheet when the Church becomes party to the contractual provisions of the instnjment. Financial assets and liabilities are offset. with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets, which include debtors and cash and bank balances. are initially measUd at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or 8er4ices that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Financial liabilities are derecognised when the Church's contractual obligations expire or are discharged or canlled. Tangible Fixed Assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciats.on and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Freehold land and buildings: Straight line over 50 years Fixtures and machinery.. Straight line over 5 to 10 years The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carying value of the asset, and is recognised in the statement of financial activities. Cash and Cash Equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. Pensions The church meets the requirements of pensions auto-enrolment legislation by regularly reviewing its staff payroll and ensuring that staff are enrolled or re-enrolled as required and appropriate notifications are sent. The church uses NEST as its auto-enrolment scheme, although some employees opt out and pay into personal pension schemes. The church makes an employer's contribution of 8 % of salary into the pension schemes with the exception of the ministry trainees for whom a Gontribution of 3% of salary is offered. Operating Leases There were no operating18ases during the year. Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. Judgements and Koy Sources of Estlmatlon Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful INes.
Notes - Analysis of Income & Expenditure Analysis of Income Current Year Unre8trKted Resbfded Totsl Prior Yoar In¢omlNJ Ro$ow¢•s Donations & Lègaciès Donations 364.001 3,905 1 3e7,goe 349,454 GIftA 75.490 354 7S.843 75,058 7,050 46.491 54541 21,020 Charftable Activities 8uilding Use 140 17.462 | 140 585 1 Event Income 17.462 16.708 lllvestments Bank Intere8t 122 122 31 Trading Activltles R•nthi Ints)m Saleg othei Other Income 742 742 195 Totsl incoming resources 465,006 59,750 515.756 4?J,049 Prior Year Unrestrkted Re6Cted Total Prioryèar Incorning R•source¥ Donations & Legacies Donalw)ns 342,Q07 7,448 349.454 354,840 Gift Aid 73.873 1.382 75.056 70.126 Grants 1.500 19,520 21,020 21.702 Charitsble Activities Bullding Use 585 585 210 Event Income 16.708 14708 22,498 Investsnents Bank Inte*si 31 31 Tradlng Acuvltles Rènw In¢omè Sale8 Other Othw In¢om 195 195 rotal incoming resources 434,699 28.350 463,049 469.42e
Analysis of Expendlture Current Year Unrestricted Restricted Total prtor Year Ruources Us•d Charitable Activities Activibe 34,020 500 34,520 36,984 Oeprect3tson Event Costs 25.332 25,332 1 1S,4n I>RslGrants GNeA 35.412 10,841 46,253 53,153 Other 150 Payroll and Pension$ 293,732 30.605 324.337 246.393 Staff Costs 13,491 6.470 19.960 29.082 Governancè Costs Govem¥w C¢$ts 2,994 3,8391 Support Admln 9.426 9.426 6.714 Bank Char9es 1.868 1.868 1.794 Cornmunications 1.765 1.765 2.401 DeprecAalfon (support) 7.0181 7.018 7,731 Equlpment 1.1DB 1,108 2,818 Premises 9.884 9,684 27,260 Other | other Expenollufe Total resources used 435,850 48,416 484 265 433.594 Prior Year Unrestricted Re$lrl¢ted Total Prioryear Resources Used Charitable ActÈvities Activities 36,484 600 38.984 28,798 DepreLialKJn | Event Costs Glft8lGrants GIv8n 16,473 15,473 15.688 31,004 22,149 53,153 47.161 Other 150 160 Payroll and Penslons 236.903 9,4¥ 246,393 220.478 staff Costs 28,037 1,045 29,082 26.309 Govèrnance Costs Gov¢man¢& Costs 3.829 3.8J9 4.346 Support Admln 8.714 | 1.794 6,714 5,534 Bank Clwrge8 Cornmunlcation¥ 1,794 1,544 2.401 2,401 3,125 Dewecbatr)n18UPP)rt) Ewlprnent Pr•mises 7.731 7,731 2,418 2.618 2.618 27.260 27.260 29,282 Other other ExperbUIlu Tot81 iesources used 400.410 33,183 433.594 366,691
Notes - Analysis of Net Assets Between Funds Current Year Unrestrlcted Restricted Total P01 Year CurrentAs6ets 187.755 19,015 206,770 20S,$51 | Non.CurrenlA88et8 curn1 Llabllldes 272.092 272,092 278,245 20.962 13,831 34.793 58.784 NOn4Urt Llablllues 65.950 65,950 76.383 Total NetAssels (Assets Minus 372,936 5.184 378,119 346.629 Prior Year Unrèstricted Règtricted Total Prlor YeaT Currant Assèts 159.492 46.059 205.551 130,911 Non.CurrentAssets 270.245 276245 283.976 Current Lithlities 15,574 | 76,383 43,210 5B,784 10.731 Non-Curr•nt Liabilit*¥ 76,363 88.983 Total Net Assets (Assets lfjinuy 343.Y80 2.849 346,829 317.173
Notes - Other Volunteers The charity benefits greatly from the voluntary contributions of time and money. Please refer to the trustees. report for further detail about volunteer contributions in the organisation. Independent Examination Fees Fees payable to the independent examiner for independent examination were: £2,700 (fee payable in the prior year: £2,160). Staff Costs The total staff costs and employee benefits for the reporting period are analysed as follows: Gross wages and salaries: £267,909, Employers Nl costs £23,798, Employers Pension costs £21,096 (prior year Gross wages and salaries: £216,150, Employers Nl cos18 £18,788, Employers Pension costs £16,107) The average number of employees during the year was 11. (the average number of employees during the prior year was 9) No employees received employee benefÉts of more than £60,000 during the year or prior year. Key Management Personnel The charily considers its key management personnel to be the church Pastors and the Operations Manager. The total employee benefits received by the key management personnel (inGluding employer national insurance and pension contributions) was £172,385 (total employee benefils for the prior year were.. £140,267). Trustse Remuneratlon Trustees received remuneration in their capacity as Lead Pastor and Pastors totalling £119,669 (2023: £105,235). This was in line with the provisions in the Governing Documents of the charity. There was no material period of time where the remunerated Trustees represented more than 50°/0 of all Trustees in post. In addition to his remuneration and employers pension contribution, and as part of his overall remuneration package, C Summers received £13,800 (2023= £13.800) in spect of a lease back arrangemenuservice occupancy agreement on his accommodation. This arrangement commenced on 1st November 2017, and was subject of Clearan by HM Revenue & Customs. Trustee Expensos During the year, three of the trustees incurred out-of-pocket expenses totalling £259. (Prior year 3 trustees incurred out-of-pocket expenses totalling £504), All expenses were incurred for the day-to-day running of the charity's activities.
Trustee Donations During the year the total aggregated donations made to the charity by the trustees was £33,280. (Total aggregate donations from prior year were £33,583) There were no conditions attached lo the donations. Tangible Flxed Assets Computer & Office Equipment Flxtures & Fittin98 Freehold PropeFty Music & Te¢hnical Equipment Other Equlpmefrt Total Pri to 1st September 2023 15.647 1,4981 210,OCM) 19,0 251.250 AddYI ons In flnal 2,88S 1885 Total ag at 31stAugusl 2024 18.512 1,498 210,000 19.056 5,049 254,115 R•valuatrnB Priorto 18t SePtbar 2023 70,000 AddNtons In flnandal yèar Total as at 31st August 2024 70.000 70.000 Doprn¢lotlon Priorto 1st Saptember 2023 15.847 1,1ee 5,800 17,523 5,049 45,1*)4 AddCB in finarrial 573 312 5.600 533 7,01B Tota1 as at 31st August 2024 1 6,220 1.498 11,200 18.056 5.049 52.023 Net Book Valu• A8 813181 Auoust 2024 2.252 8.800 ' 1,000 272,092 As al 31oIAugust 2023 312 274.400 1,533 270,245 Debtors Accounts Re1vable Description Amount GnAld 6.157 Trade Debtors Total 6,884 Prepayments Degcription Amount Prepayments 5.566 Total 5,566
Creditorn Accounts Payable Dèscription Amount Accruals 18,832 Flnanc8 Lease Llabllll Tax & 81 SurIty 4.705 Trada Crathors 13.456 Total 34,793 Deferred Income Description Amount ceferred Income Total Loans A$ at 3181 August 2024 AS èt 3151 August 2023 Long Temi Building Loan (Bulldingsl Bulldkng Malntenance Loan (Bulldings) Totsi 65,950 75,550 B34 65,950 76.383 The 25-year loan for the Tiverton Road property was advanced to the Church by a private individual on tenns more favourable than could be obtalned In the prevailing mortgagdcommercial loan market. Following discussions the terms of the loan were varled at the lenderfs request with the Trustees full agreement, in October 2013. All interest was waived for the time being and payments of capital were increased to £800.00 per month. This posits'on is subject to review on a periodic basis should prevailing economic circumstsnce8 change. The loan was transferred on the same terms to the charity as part of the process of transition from Trust to CIO. Analysis of fharitable Funds Current Year FuThd NaN Awl R&¥41uation Clasing 8aLanGB Unr•strlctgd Gènèral Fund lunlIoI Buildir {Unrestrthdl 140,163 461,034 428.448 -122.812 48,937 203,e17 10,434 214.050 Sludenl Weekend {Unr¢stri¢ttdl Totsl 3,972 6,402 2.430 343,780 465.006 435,850 -1Q9,949 262.987 Designated Reseryes (Deslgnated'i Tctal 109,949 109.949 1D9.949 109,949 Unrestricted Tota1 343,780 465.006 435.345 373.441 Restrfcted staff Support Fun¢J IRÈstId) .3.591 39,576 37.074 Hwdship Fund (Restrkiedl 5.385 1,503 1,350 5,518
City P8rthws Fund {Restrfciedl 811nghaM Collecti Grants IRestrictedl Totsl 1.075 180 5CII 755 9,491 9.491 2.649 50,750 48,416 5.184 Restricled Total 2,849 50.750 4B,416 5,184 TOTAL 346,629 515,756 464.265 378.119 Prior Year FWKI Nam• wl B•lan Unrè5trict9d ExWItUrn F4md Tr•n•f•r• A••tR•valuAtlon Clo$lng BIl¢È G•n•ral Fd IUnrri¢t•dl 119.124 431,560 395.305 -15.218 140.163 Buildlngs IUnr&stric 193,017 1Q.600 203,617 Creh Weekends Iunwtrkted) 210 -142 stlntWeek8l Iunrestrthdl -650 i 2,929 5.037 2.75B Total 3t1,491 434.699 400,410 -2,OC 343,7BO lJnreslncleLI Totsl 311.491 434,699 400,t110 -2,000 343.78J Restrlcted Staff sUppt Fund (Restri) 2,283 4,660 10.635 .3,691 Hardship FuThJ (Restrvxed) 2,858 3,135 2,628 2.000 5.385 Cty Partngrs Fund (Re&tricted) BlnnlTrJham Coll8dvo Grarbts IReslntX8d) Total 541 1.035 5tx) 1.075 19.520 19.520 5,682 28,350 IOOD 2,849 Restricted Total 5.682 28.350 33.183 2.000 2.849 2g Fund Transfers Descrlptiot) From To Afflounl Openlng transfer of 3 month$ reserye3 for Garal Fund 2023124 Re$Ne8 109,949 Loan Repayment Transfer Loan RepaymenlTTansler L08n Rep8ymentTran8fer General Fd Bulld15 Buihlln95 BulldinqB Buildings Gener81 F ner81 Flmd Loan Rep8ymentTransfer General Fund 883 LIAn Rep8ymentTr4nsfer cer1 Fund Building$ 883 Loan Rep8ymentTr3nsfer General Fund 8uildin98 8uilding8 883 Loan RePaYTrt Transfer General Fund 883 Loan Repayment Transfer General Fund Bulldlng8 883 Loafi Repaymwl Transfvr G8ner Fund BrdIng5 l B1)96 883 Loan RepaYmt Tr8nsf•r G8n8ral Fund Loan Rapayrnenl Tran8f•r G•n•ral Fund 800 Loan Repaymwl TnSfer General Fund BuUdkngB Sludentweekend BOO Fund b*ncfing transl General Fund 2.430
Fund Descriptions Name Dexriptlon i General Fund I Primary unrtstricted ¢hurd) fvr#J 3 mcrfths ol reserves Re8eNes Buildings A11mtrative lund l816n9 to bvildino loan Staff Support Fund i Hardship Fund City Partners Fund Fordcmakn'ons intèndèd to supptht staff members Finartial support for pwpla cnaCI84 to th• church Don8tiDll5 from graduates to 5UPPOrt student Ministy Blmilngham Colledw8 Grnnts SttbJent W8th•nd Grants recewed to 5UPPryt Ir1 thurch planting inti8tive Conirfbulons to and expendhure Sdent weekend. Transactlons to Related Parties There were no transactions related parties during the accounting period. Prlor Perlod Adjustrnent A grant of £37,000 was originally included as income for the restricted staff support fund in the prior year. However, upon review, the grant should have been treated as deferred income and recognised in the current year, The comparative has been restated to correct the position. Prfor perlod adJu6lmonl Chanqos to the balance sheet At 31 Augusl 2023 A• prnvlously Adjustment As r•sl•ted Credltor8 4th1n one y Def inuwie D7,000) (37.OIKI Cathl funds kncotne funds Restfirted fvnd5 Urnstiided funds 39,850 343,778 39.850 306,T18 (37,000> Totsl equlty 383,628 (.37,0001 346.628 Changes to the profit and108s accourt Period ended 31 August 2023 As previously Adjuslment As restated Donalions and legacies 482,530 (37,000) 445.530 Net in ndS 66.456 (37.000)
Pensions The charity operates a defined contribution pension scheme. Contributions are charged to the Statement of Financial Activities as Ihey become payable in accordance with the rules of the scheme. Other Grants payable in the year were as follows: Charitable actlvltles 2024 Charitabl acttvttles 2023 Grants ta institutions-. Bwmingham City Mi55iO Operation Mobilisation Int8rseNe SIM International 1,44 3,720 UCCF 1,'060 1,440 My5tard see.d Foundation Gitts of less than'£1,000 each Wycliffe UK Ltd BITmingharii Collective Urban Neighb'outs of Hope Ftiends Intematiorjal Church Central West Sfftelhwick Congiegational Chuich 3,200 1.200 19,520 1.440 5,695 3.796 46,804 Grants to indNiduals 10.250 6,348 46,378