RECISTERED CHARITY NUMBER: 1172868 IIEPORT OFTHE TRUSTEFS AM EXCEL CHiIRCH Sephton & CompaDy II M4r5Èon Ilou 5 Elth JAXK Solihull WG5t B37 7DL CoNTEr￿ OF THE FINAf4CIAL STATEMENrs FOR THE YEAR ENDFD 31 DECEMBER 2023 Pagc Rwurt •(the Tnut¢e8 I to 2 S¢#temetht ofMnandAI Athil Balanee Sbed 6 to 11 Detalied StAtsJMent of FIDanrlAIAetlvltle 12 to 13 EXCEL CHURCH REPORT OF THE TRusfEES VOR THE YEAR ENDED31 DECEMBER 21n3 Th¢ truster8 PIf3￿t with tbe fwancial stalememts of tIK ch￿lty for the year erKkd 31 Dei￿3b¢r 2023. Th¢ truSt￿S h&ve thp(ed the tKOVi8ions of AccountiDB and Rqx)rtin8 by Chon"ti&%: ,StatrryKnt (kf RccTrmnthdcd Praclic¢ applirA)k to ¢hariti¢s pr¢JMrmg thcir ll(%0￿ntS in a￿ard￿￿ with the fir￿claI R￿ortiD8 StsDdard BpplKablc in thc UK and Repthlic of Ire]Bnd {I,'RS IO2)(effcctsvc l J•nuury2019). O&IECTIVES ANDACTMTIES Objeetives aDd To ¥harc and pmmote the ieachin8y And wa¢tice of th¢ chri￿1&1) R¢lisMyJ) with u]1 a8L% 8TOUPS and backgToullds within th¢ c4m]nunJly. 8TRucfuRQ COVERNANCE AiYDMAI¥AGEMENT CoverniDgdocuThE The ¢h&rity is Co￿l￿1bY its govuDingikJcum￿l Rdeed of tru&t LxJn8tilutcs unillco4Jmtcd chuity. Bilsion PeL¥)le'&Cthtr¢has ITh￿￿. RegiJtCTed ChHrity 1172868 Princl￿ addre Excel Chuwh WolvctharytOD StTCLa Bilsio W￿t Midlands WV14 OLT ThisteeJ D Dudli¢ld H Dudfwld A R A&8hc M R CoAJill depende￿ ExamlDer Sqihton & Coyy IIF Mar8ton Ilousc Solihull B37 7DL iIsBc Square wo1verh8n4)￿n WViiTE P8Be I REPORT OF THE TRUSTEES FOR THE YEARENDED31 DECEMBER 2023 Approvedby orthrof theboArdof t￿￿te¢8 on...... ........ ......... ......... .... SI8￿diN itsb¢h￿r by: DDLtsJficld. TTU5tL* P48e 2 ItqDEPEf4DENfEXAMINER'S REPORTTO THE TRUSTEESOV EXCEL CHiJRCH eXAmiBerS rq￿rtt0 the trustees of E￿*] Churth l ryort lo th¢ ¢hatity trvstc¢s (m) 7Ry cxaminalion of thc of Ex￿1 Church (the TnLSt) for the year en 31 December2023. RU[W￿}bIlli￿¥ ba811 •f r¢ptsrt As the Lhurity In￿te¢S of th¢ 'fnLSt you 4r¢ T¢WStt*J¢ for the P￿￿￿tIOn of tkn ac￿)U￿ in ￿cordI￿l% Thlth tho rcquirernen15 of theChaTitiesAci201I (tkn ACQ. I r¢[￿ in reyGt of exmninalioD of the IknLsV8 accounts ca￿￿ed out Sxtithj 145 of ts Act in C4Tryin8 0 my ￿n)in&t10n I Iwv6 follow￿ all 4)plir4blc Di[WtiQT￿ BiVfD by the Uwity Comnyssion Section 145(5)(b) or the Aci. IDdepcDfkDt examlDer'8 Statsnwit Since your chArity's ￿0$$ ox¢eaknl £250.IXK) your must be A menthr of a IA8tLYI body. I c￿mr￿n AeL¥Mmt¥nt4 whith i& we of th¢ listedb)di¢s. I hdvc rornpl¢ted my ¢xwnination. I conftfTn that n]at¢Fi￿ Jnalters have come to my attenlion in conneL￿10th with the ¢xaminatiOn 8iVin8 m¢rAUS¢to ￿lIeve that in my m&t¢rial ￿￿t. 8CCOtmlin8Tcciwds WLYC notkq>t ID r¢sPCCt of thc TT￿1 as TequiTulby Seciion 130 of th¢ ACL" or the #ca)uDts do coll4>ly with thc app￿.abl¢ wulrcm￿t& the forni and conteDt of 8W(Mmt8 ￿ out in tk ajxritieg {A¢cow*s' Rq)tsris) R¢BU￿10n% 2IKI8 other thttn any requir￿ that the &ccouDts 8ive b¢drawA itithi¥itwit in u1ukr5tatidj￿ ofthe acrAJwts tobe reacbests 59,409 129.226 11,591 71,(KK) 129.226 114.340 125,7119 TotAI 188,635 11,591 200.￿6 240.129 113,627 113.627 59.712 RECONCIIJATION OF FUNDS 1.103.145 1.103,145 I,(M3.433 l2l6.772 1216.772 I,I03,145 lkn llOt￿ foTmp4rt ofth¢5e f￿￿1￿1 stalEm¢nts Pa8c 4 BALANCE SHEET 31 DECEMBER 21123 31112r23 3111Y22 Total Unrr5tiicted fwid R¢91rictLyI fiwd N¢A¢s Tongiblc a58cIs 1236.280 1236,280 1238.911 CIIRRENT ASSflS 65.285 5&622 65285 124.949 67.498 136,419 Ca¥h Htbsnk andinhth)xl 66.327 123,907 66J27 190.234 21YJ.917 CREDITORS A￿o￿ts fal]thB th￿WIthin OTh¢ ye4r {li,(MV) (66327) (77J34) (81470) NETCiIRREIYT ASSETS 112,9)0 121.447 1.349,180 1,349.180 ,360.358 CREDITORS (132,408) (132.408) 1257213) NET ASSETS 1,216,772 1,21C).772 1.103.145 FUNDS [Jh￿strictedfu￿d￿. Cthetxl fuT io 1216,7T2 1.103.145 IDTAL FUNDS 1216,772 1.103,145 Th¢ finaTKi&l Stat4n￿t$ wue approved by B(14rd of Trustees aTd &llth0r￿ for i58ue and w¢re si8Thed(￿ it8ldDVby: D[￿dEC1d- T￿sIc£ The ￿)t¢S forn1p￿ of th¢B¢ ststemeDts Page 5 EXCEL CHURCH NOTES TO THE FJP4ANCIAL STATEMENrs FOR THE YEAR EI¥DED31 DECEMBER 2023 ACCOIJIYTING POLICIFS of preparlng the ￿￿￿ri•l slatemeDts 'Ibe fiJwKial 8t&lcm¢nts of the chan"ty. which is a public b￿errt entity uTKkr tRS 102. have been prcpaTeA i aCC4Trr￿ with the aharitie5 SORF (fiLS 102) 'Accolu￿1￿8 and Rwortin8 by Chatities: Stalemenl of Kccommcnded PraGticc applicabl¢ to chaTitiC8 pfcpETinB iheir accounts in accorkn with the Finat)cial RepoTiin8 St9￿dard 4)plicahle in thc UK ood Repub]ic or [rcIa￿ (fRS 102) (df¢ctsv¢ l January 20I9y, rin&￿Id1 Rq*ntinB St￿d 102 Tr Trin8ncial Retthn8 StsThJaEd appli¢thle in the UK and Rq)d)lit of Jre]8nd and thc Clwiti¢g Act 2011. ThE fithau¢i¥l ststsments have becn PTyed under tkn histoTical CL All incom¢ K% Je4iOBDi8ed ID th¢ of F￿]￿la7 AGtiviti¢8 0￿ce ￿ ¢h￿lty h&8 entitltXTKDt to the fi￿1$ il i5 wthblethBt i￿4￿1¢wIllbe rtteived the auKWtst c4nb¢1)￿Sur￿reliablY. Lithiliticg are T￿g￿lSed AS expenditurc &8 soon tts there ts a le8tt1 or c4m8trwtive obligotioti comtnittiDB thc ch￿lty to thal cxpthjiture, il is probabk tran$fw uf eLY)nomic will be required in settl¢m¢nt and the anJ)u￿1 of the obligatioth be ll￿Sured ￿lIablY. J¥xptndilure is accountcd for on t￿18 and he8 been cl￿dIca un(kr hEa(bnB8 thal all c05t rclated to thc ca*c80ry. WkT¢ ¢osts cannot bc dllrctly aliYibutEd to ￿ticular they have ￿l0¢atCd to activities on a bH8is con8i5t¢nt witb the use of TaDRihl¢ Ilxed asyet& is provi&d At tbe following rats8 in oT&r to wEite OJT eKh 85set ov¢r its eslimated iife. rYeB]M>ldpr(y Pl0￿1 and nthchinery l.ixlwes r)Itin8S Motorv¢hicks 2(Wo on reth￿7￿8 balanG¢ 15% on ta￿¢1￿￿bal￿thcc 250A on rducin8 balane¢ 25%on ¢081 Twtl• The charilyis fTOnJ tax OD its charitobleaLlivitie&. unre5tiib.kd fi￿d% used in al￿rd￿ with the dJaTitllblcobjrftIv￿ at the dk8CT¢tion of thelrnstc Rcstricted fimd8 Imly be for parlicuhr ￿StriCted ￿1PoSe8 the obiEds of th¢ ¢bMity. Re&trictiOll8 ariso whcn 5pccifi¢dby ihe thi(￿OrWhE￿ funds Arer8ised f0rpariicuRarreitiiE￿1pWS. FuTthrr ¥xpl8ngtion of thcnaiw¢ andpu4M￿ ofethfulld 15 inGlutsl JD the ty)tes to IIK finaucial statsmm PeD5hD thher post-rctirenr•l he￿fits Th¢ chatily yrate5 a dcfina contiibution p￿811￿ a¢hcm& corth1b￿I￿S payBbl¢ to thB charity$ heme chaT8a to the Statc4nentof Finmcial ACti￿1￿81n tho wM)dto which they ￿late. Pa8e 6 NOTES JDTHE FINANCLIL sTATEME[￿TS. FOR THE Y£AREfiDED31 DECEMBER 21111 3111Y2J 31112122 1,714 292 66 OllKr illtcrcBt 1.714 358 TRUSTEFS, REMUNERATION ANDBENEFris 3111Y23 3111Y22 63.663 61,697 Th¢re w￿¢ no Irn$t￿ cxpcR¥cs paMI for the Itar entsl 31 2023 nor for the year endEd 31 DEL￿nber2￿￿. TANGIBIX FIXED ASSETS Freehold PlaDtalld At l January2023 Addition8 DisposBIq 1206.%1 63,286 31.867 (7,765) 1,206.961 55.521 32,867 DEPRECIATION At l January 2023 ChDr8c forycar Elimimatedon dis￿¥￿1 35.474 4.111 {7.J¥79) 29.798 458 At31 DA￿1}￿r2023 32,106 30.256 IYETBOOK VALUE At 31 lknetnbcr2023 1206.%1 23.415 1611 At 31 Dec6mbw2022 I,206.961 27,812 EXCEL CHiIRCH NOTES TO THE FINANCIAL STATEMENTS- ttstttlnued OR THE YEAR ENDED31 DECEMBER 2023 TANCIBLE FIXED ASSETS. CompuieT ¢qUiP￿￿nI v¢hicleB Totsl$ COST Al l J4nw 21)23 Additions I)I5￿5a I 1,947 7,585 2.045 (5,512) 1.321.646 3,045 (13,277) At 31 Ikirmbtt2023 11.947 4,118 lJll.414 DEPRECJATION Al l J￿h1￿Y 2023 al￿8¢ foryear 10.179 442 7284 379 (5.512) 82,735 5.390 (12,991) At 31 DEL%mbfx2023 10.621 2.151 75,134 IYET BOOK VALUE 31 IkccJnbcr2023 1,326 1,967 1236280 At 31 [￿t￿er2022 1.768 301 123g.g11 31112123 3111Y22 14,452 46,326 4,5(ri 24.698 38.064 4.136 Tox 65285 Y1.498 31112123 31n2Q2 Bank and overdtalls (see ￿te 8) Toxalion aNI so¢ial ¥wurity 2.532 5.919 1359 74,IW2 73,108 77,334 .470 l)a8c 8 continuc41.. NOTES TOTHE FINANCIAL STATEMENfs. LybntiDued OR THE YEAR ENDED31 DECEMBER21123 31112n3 3111Y22 B￿109￿4 (see rth 8) 132.408 257213 LOA]YS An a￿¥1yS1S ot'thernaluTity (rfloahx i$Bivenbeiow.' 31ll￿3 31n2ll2 A￿￿UDts fHllin8duc within oneywon dwJaDd. Bank k>h 2.532 5.919 AnK)UDts lknlin8duetEttveentsvo aDd five Bauk to￿)$. 2-5 years 5.688 27382 Anx)UDts fallin8 nxitethan fweyeats.. Ryyablcby Baok Ii)oJ]smoT¢ 5 yTby 126,720 229.831 31112ll3 3111¥22 Bank lom8 134.940 263,132 The bankloan 15 stru￿ th¢ wcis of th¢Chu￿. MOVEMENT IN IIUNDS N¢t At 31ny23 At iiV23 Unreatdcted 1.103,145 113,627 1216,772 1.103.145 113.627 1.216,772 Pa8¢ 9 NOTES TO THE FINAP4CIAI. SWATEMENTS- co1￿￿lled FOR THE YEAR ENDED31 DECEMBER 21111 MOVEMENTINFuf4DS. conthiued Nct nujve￿I in fuJM15. i￿]￿(￿a in abov6 ar¢ follows: Inc￿]￿8 301262 (188.635) 113,627 ReJtricle41 11.591 {11.591) 313,1153 (2(K).226) 113,627 Conwallvo f•r MOV•mQDlJn Net At 31112r22 At 111122 UbMtArted fondB Generul fiwd 1.043.433 59.712 1.103.145 I.IM3.433 59.712 1.103.145 C1Kll￿lvenCt movoment in fiThl% iNlu&din tkn above &re &8 follo￿.. in f￿d$ Unrutrlcted lknndx CKncral fuT¥J 251423 (192.711) 59,712 Re3ti?£ted fuDd• Restl￿t(¥1 fv 47,418 (47,418) 299.841 (240,129) 59.712 Pa8¢ 10 OJTS TO THE FINANCIAL STATEMEM. eoDtlThued FOR THE YEARENDED 31 DECEMBER21I23 li. BilstollPeople8 Centre I￿￿t￿. DurtB8 the Y￿ wu8¢s ws15 war rcrhat8edknBi18tOD Peopl&s C£Dtr¢ an￿u￿11￿8 to£14,351. AS 8t th¢ balw%e Sh￿ lJi15ton PwplB'5 C¢Dtr¢ owcd F￿Ce1 ChwLh £14,452. this ￿ included in other Pa8¢ 11 EXCEL CHURCH DETAILED STATEMENf OF VINANCIAL ACnVrnES FOR THE YEAR ENDED 31 DECEMBER 21123 31112123 31112n2 kg&dtA DDn&iio Gift aid 255.454 45,094 11,591 213,453 38.612 47,418 312,139 29).483 I)4￿sIt llceount inlerest 1,714 292 1,714 358 Total IncoJthgreJouTe 313,853 29).841 EXPENDITURE Cb•rft#ble aell¥5tlt* 33.716 2.786 8,149 3.221 3.172 22.181 35.431 47.675 12,625 3.892 7.054 7.663 Yotsth Devoted 114J40 Supy•rtaMts M•tyageJtteDt 63.663 8213 1,402 2.774 61.697 S¢Kial seciirity 1,479 76.052 79.813 IDfinee Bwthcbar8ey IAJs80ts sftle of tgnsbbk fjxed ¥58eL8 MortBage tnlrr¢st on ljx 2,473 286 13.308 (284) 13,704 15,783 15.645 R&tes BDdwatsT fonvard 1545 1,545 920 Thi8 page not forni partof th¢ 5tatuti>ry finanGiAI slat¢nThts Pa8c 12 EXCEL CHURCH DETAILKD STAITMENT OF FNANCtAL AcfiviTIES FOR THE YEAREf4DED 31 DECEMBER 2f123 3111Y23 31112122 Establlshmcmt Lwts BrouEht foTW8 tnyurance Light &tKlkat Te]q)IM Rqijils andrencwak Sundries 1545 5237 8233 20 7,214 4.836 1,479 1,185 22J35 19.(M7 M(Trtoi ex￿1$¢5 SubsCIipli0￿4 P051&gr and stats.(￿ c0nwu1￿ ￿3t￿. Plant Dt¥Jmachir rixlutc¥ and fittin88 Motorvchicl&8 2.057 881 626 2,077 4,111 458 442 379 1.710 761 181 853 363 589 74 11,031 9.424 AcCountancyaL￿lc8al fee& 2￿226 240.129 tffin¢•no 113.627 59,712 ThiB page ]M>tfom) partof th¢ 8t&tutory thJarKial Statem￿*S P￿15