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Excel Church Annual Trustees Report for Year Ending 31st Doc8mber 2020 Name and Number Chari Excel Church is a registered charty, Number 1172868 and is constituted by Deed of Trust. The church is situated in Wolverhampton Stet, Bilston. West Midlands WV14 OLT Correspondence Address .' Mr. Derek Dudfield. 10 Moden Hill, Dudley. West Midlands DY3 3YB Mana ement Trustses (Church Council) Mrs. A. Adeghe, Mr. D. Dudfield {Chairperson), Mrs. H. Dudfield, Mr. D. Lee. Mr. M. Corbin, Mr. S. Sunda Resi ned from Church Council No one has resigned from Church Council in this period Holdin Trustees Mrs. H. Dudfield, Mr. D. Lee and Mrs. A Adeghe Treasurer Mrs. G. Mason Professlonal Advisors Bankers '. HSBC Queen Square, Wolverhampton Independent Examiner '. Hunt & Co. Caddick Street, Coseley ement and Governance Arran ements Mana The twst deed provides for a minimum of three management trustees In accordan with the trust deed. new trustees are appointed by the existing trustees. Trustees are responsible for the day to day running of the charity in accordance with the statement of trustees responsibilities. Charitable Ob"ectives To share and promote the teachings and practi of the Chnstian Religion with people from all ages groups and backgrounds wthin the community. Review of Activities Through our weekly programmes and social involvement we aim to reach out to all groups in our communty with the good news of the gospel of our Lord Jesus Christ. Our works in 2020 due to the pandemic had to be done very drfferently when the lockdown started on Ihe 24th March. Churches across the country closed lo the public and we had to start doing church in a new way. For the very first time our
church started to do semces online, and our children's work. prayer arid bible studies all had to be done via zoom and other online platforms. This brought challenging but rewarding times to our leadership and volunteers and opened up opportunities to reach a much wider audience. New people started to view regularly our servicès and other online activities and we started to welcome new people into our fellowship. We pray for continued success in reaching the lost in our communty. We have prayerfully and financially supported several overseas and UK Christian organisations including Teen Challenge, Pulse Ministries, Brian and Marg from AOG the internalional Samaritan's Purse Project in which we are Continuing to see growth and also WCM Women ofworth. We thank God for all the opportunities we have had to serve Him during 2020 and pray for even greater opportunities to arise in 2021 once the restrictions slart to ease and we find ourselves once again operating out of our church building. We look forward to new and challenging limes and pray God will Continue to bless us as a Church in all of our new ventures. Flnanclal Revlew Income '. Total income was £258.747.89 which was made up of weekly offerings, gifts, grants, bank interest and gift aid reclaimed. We would like to thank everyone for their continued giving throughout the current srtuation Expenditure .' Total expendrture was £173.314.73 leaving a net movement in funds of £85,433.16 Grants Received We would like to take this Opportunity to thank all the great companies and individuals that have given us grants and gifts over this difficult timè. Pat McFadden MP Neighbourly UK Rotary Club The Mid Counties Co-op Councillor B. Momenabadi West Midlands Police Westem Power Cadbury's Grantham Yorke Trust West Bromwich Building Society West Bromwich Foodbank Field View School Heart of England CO-OP Assemblies of God Wolverhampton Council Trustees Ex enses Two members of the management trustees to receive remuneration were the Pastor and the Assistant Pastor ReseNes Sufficient reserves are held to cover expenditure for a twelve month period.
Tru5tses Res nsibilities Charity law require5 the trustees to prepare finan(ial slaternents for each financial year whiGh show a true and fair view of the affairs of the charity and 119 financial acb'vities for that period. In preparing Ihose finaniial statements. the trustees are required to . Select suitable accounting Fjolicies arKI then apply them consistentty Make judgements and estimates that are reasonable and prudent State whether applicable accountsng standards and statements of recommended pra(al have been followed. suty'ecl to any departures disclosed and explained in the financial slalemenls Prepare the fi'nancial statements on Ihe on-going concem basis unless it is inappropriate lo presume that the charity will continue n OFerational existen The trustees are sponsible for keeping proper accounting r8eords which disclose with reasonable accuracy al any time the financial position of the charity and to enable them lo ensure that the finanaal slalements comply wfth the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hen¢e for ta"n9 reasonable step5 for the prevention and detection of tral and other irregularities. Indo endent Examiner It is the trustees, inlenlion to retain Hunl and Co. as its independ8nt examiners Signed on behalf of the trustees Derek DLthekl Date '. 10th September 2021
Page 4 Illdepelldent Ex#InCr,S Report to the Trustees of Excel Church I report on the accounts of the Church for the year ended 31 De¢emiKr 2020 Respective responsibilities Ofiru5t and examiner The charity's trustees are responsible for the prepordtion of the accounts. The charity's trustees consider that an audit is noi required for ihi5 year (under Sceciionm 14412) of the Charities Aci 201 Ilthe 2011 Acc) and that an independent examination is required. It is my responsibiliy to examine the accounts undei Section 145 of the 2011 Act to follow the procedures laid down in ihe General Directions 8iven by the Charity Commission (under Section 145(5Mb) of the 2011 Aci - and to state whether particular mattere5 have come to my attention. Basis of independent examiner's report No examination was required to be carri¢d out in a¢¢ordaTJ¢e with the General Dire¢tions given by the Charity Commission as the charity did not commence uniil the of 2018. Independent examlner'$ statement In connection with our examination and ¢nquiry, no mall¢T has Come lo our attention:. (l) which giYe3 us reasonable cause to believ¢, that in any marerial respe¢L the requirements 'to keep records in accordance with section 130 of th¢ 2011 Act.. and •to prepare accounts whi¢h a¢eord wilh the o¢counting records and to ¢omply with the aecounting requirements of the 2011 Act have noi been met-. or Have not been mei, or {2) to which in my ophnion attention should b¢ dr4wn in order to enable a proper upder5tanding of the accounts to be reached. Alan Hunt 21b Caddick Street Coseley West Midlands WV149HJ Dated l August 2021
EX¢ELCHVReH Pale S Bnco Shlrtas ot31 D•e#mbtrr¥20 Totsi Fund YJ20 Fu FUd5 2020 20 2019 FiAvd TaThgthAets 1228.143.74 0.ty) 1.228.143.74 t.220A52.65 CurrwtA5$0ts D•M¢rfs ash at bwk hd 10 1B.505.10 1,666.37 18.50S.86 196h6S 37 52.232.64 95,873.88 21S.172.OJ 215.172.03 149,1C6.S2 Ci•ditorJ.' 4rn0uats d wtthSnon•y•4r 39.607.37 J•.6OY_37 39,e61.85 39.607.37 39.607.J7 3P.86185 N•tCurr•rtA•••i• 175.564.16 175.564.68 109.4U.S7 Cr•dttor•'. am0111v d ift•ron• y•at 395.612.n 3PSM12.78 407.2J411 1mm5.62 0.oty 1,008,095A2 922A12 Funda Unr•ilAEtsd Fynd• R•iirf¢t•d Fund• 10 1J 1.lTrJ6,095.82 O.W 1.000,095.82 92Z,•52.40 TotalFtsr 1.00 1.OO$NgSM2 92ZA02A6 l Augu 2021 Tru80
EX¢EL CHURCH PagB 6 Pund 202D zozo 2020 2M9 rarnlng rASQu Vary ItLtomo Dwatsonsand ntS BuiKn9 Furt&- IrAm 221.613.05 t21.613.05 240 00 77.88 36.816 98 197.25Z47 1.514.J2 127.07 36.168.22 horinAk1q Tel2[¢89 36.816.18 T+Jt41 Incomlng v•sour 258.S07 240. 25B.747.89 235.092.60 R••ouf¢4•Awd•d 16B.059.30 1240.QOI 5.25543 1,059.30 179,144.17 0.00 6.953.22 S.255 43 TV1 •Apondknr• 17J.074.73 240.fpj 17J,J14.7J 1.e77.J• N•tfflo¥•m•ntknfvTrd• 85.433.16 $,433.18 49.419.29 Fund U•liKH knught10nI 422.88246 922.667 46 J73.247.17 ¢.N I.tr)•.Q96M2 922,862A• ZZZ2Z ¥¥¥r¥¥EE=__: The nCIOn pw71Q 10 p•n •¥<•
Notestoth•AccountsfwY¢arto 31 D•t•fflbwW2D 1 A¢counbny Pokl•s 1.1 Acco11j COM These account$ have yepAred t•sl¢rkn. 1.Z InGoiiilng VobJnthty Incuffle rFcwved 1Ku Inftd tho $talent of Fin3Th>A¢tt¥thskn eNed. Ctsdonfot cludedas Inc¢Jrnewh•ntn•y art DEYted 1r(d11thvthJe tolhechwtywhern1s bÈquonitsd4nd partyi% tearfj7 thecost Income Irorn invè6tment$4bWA¥jlhWS¥kntth1 i.a •xwnd•d Reaourcesexwnd404rt reetrdMd mWsliion olihechwtyand comw¢e4h regunmnts. 1.4 Tanglbl• nx•d a¥$•ts •nd d1pm¢tn. oÈweoAin is provid•d 4l ralosrJJcul•ted low•cItGo Fr••hclY L&4181 Fi & Olk• Eodw•ni PA Sy¢r0dtyth$tTh1DvD InitnJmenthii(rtebthBu Hi9h Teth Equiwenl 5% p•. lvwh1 IO%p.•. Ilwhtkno bAI 33.3% p•. D¢n1•• gr•nt• 20 2¢1• WeeWChY•dr OlherGfftI yOh Ineom• G14ni• N8 &oeJfiot knLA• ¢OWD 49,061.70 Buldlw Funeth Irh>Jffle 121.191 J8 68.633 58 7.457 53 59,432.21 1.514 32 221.853.05 198.796.79 J In¥MtsTr•nlln¢om• Z019 Ir•¥t T•¢•W 77.10 IZ7.8B 127.88 2020 38.816.00 36.16B22 38.816 98 J6.16B22
5 Total Res¢)urt05EApqThlAd 2020 2019 Totsl Costs dlrgcty albJc4¥d to Chutrh out[ch Youth ExpenthiuFe ah'sAth FxpwrtW0 1ndepe¢I examwwiwfofr al pKlesn•xpen1 2a387.9J 2615.35 37512. 9300.10 686. 650.00 27S4.78 2907.23 211.20 15.35 700twJ 104 700.fpj 104 4450.$3 ccps 8upport¢05ts4loc•t•d toa£115 yoth Irk•1 Pa&1 Departmor tanèr Heat. loht, wat•r Repalis tThd f*P¢tontI IknNI 4514.93 25579.50 176298 )gJ.5J 3$259.6a 2Y237.59 ooci 401551 3295.39 5001.78 970S91 81865
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24652 11 5739 21701 50 2891 83 381 74 2759.40 4YJ4 90 4911 01 1596.76 25Je5.05 Sithllpm• 2112S 71 000 2W78 19477 J814.73 J130.6Z u 11.6? 9221.Y 7Y5 82 24347.81 Depra¢an$l on •M•w Prinlty and1thOft* E8tgbk¥hmwrt Uxth)• 40.83 1261.46 13432S.52 33732.99 525S.43 1n314.94 iJ5677.39
Not•5 tr1thgA¢¢ouTrts furYearto31 DA¢wfth¥2020 202¢ 2019 6 Il•tlKornlng rgsouc4sforih•Ywr thErctrthrsing.' tbpiBaationlhxsc•l 9.7ts.J1 4.961.01 50. 7 Staff cts and Nurnbv¥ Snkries and wBgÈ Sod4 $1.725.72 7ffi27.41 55278.87 6S.3S3.l3 62.001.35 Cthornon Pabl vKrkers Thb &£35.2594nd £32.172 There¥wreno t•ed p4rtylrni¥•jJnI. g Flx•d A•¥• Oln-20 Cast 1.XX.96091 31.e6680 6,202.00 4.786.59 5.831.67 750.rpj 3.78941 2.303.99 7.085 93 )79.99 11.917. F[uleI & Qlkn Equi0 PA Sylrn Pmjethorn LoopSyit•m SGW)A•rR#dIoIDvf•rn¢4 mu InknJmort• C¢rfnwèry4 tchtn EqPment Bui .3D2 tsj I.7.$9 5.631.6Y 750. ),719.41 2,303 99 7,005.gJ J79 99 11.817 0 17.J•8 00 17388.QO 1.281tKO29 17.39J.fpJ Q.09 1.2Yg.404 C1 ForY•4r Olthn.2Q Ihpoml 314)•e-20 Fruhgbj Buibjtyt Flxtuie9 & Offi¢e E4U PA Syst•m PFDiDdars LDOP sythm e4) 28.Y2$ 00 2.452 4.645 81 .B31 61 750 ty) 3.78941 2.D7S99 7.08S94 37999 5.01775 ,048 00 2.905 03 4.717 Q2 5.851 e7 75QOQ 3.789.41 2.151 99 7.095.94 379 99 8.8J4.50 5.796.TrJ 71.16 USI1 I*1)eNi$ Compvt•is Kitchon èus kghTrfh 2.>B6.7S 5.795QO 61.553.64 9.706.91 71.2SO.SS Vrfrittgn v• 014an-20 31QK.2 1.220.452.6S 1.228.143.7
Notostothg ACcountsfoiYt0 JY Doc•mbw2020 Page 10 10 Dbt PtèpaymBnt ReyNGA TaKcimÈd 1.¥1.(M) 16.024.f 2.7e6.ty) 36.160.LK) 1J.290 04 Bpc 16.505. 522>2. 20 11 Cr•dttdrt. on•y•af Taxati and Oth•r¢t•ditor6 and x¢tu r¥dom BAnk Mort9 2.J47.37 1280.LV 2.351. 1310.00 39.a07.37 39.661.85 12 tsllng dw•l*on•y 220 395.612.77 407.2JI.85 395.012.11 407,234.85 1J MtY•WIIWttln l¥hd• At l J4n N•tllov•m•nt AiJ10•¢ 20 2D Unr•¥lvlrt•d Fund• A•btrlBt•d Fund •222.40 •543J.16 1cKr•)95.62 ooo 922M2.4e •SA33.18 1,OW.W.62