REI GIS rc1￿1 l) cifAIII'I'Y NUMIIEI Il: 1172868 REI PORT ort TIIL TRUSTEI ES AND UNAUDITED IrtNANCIAL.STATEMENTS fiOII THEI YEAR ENDED 31 D£tCEiWJ3ER 2014 EXCE¢ L CHURCH Sci)liloii & Conipany LLP Charlei'ed Cerlified Accoui)laiils Mai'slon House 5 Elnidon LAne Mti'stoii Green Wcst Midlands B37 7DL EX'CEL CJIUIICI.I CONTII NTS ofi I'iIr. riJNANCIAI.,s'fA'I'LI MEN'I'.S roR T14C YEAR LINDCID 31 DFCEAVIBII R 2024 lJ%ge Rcpoi-t of Ilie Ti'ustees Indepoiideiit Ei xqiniiiei. s Rcpot-t SlaÉeincnt of fiitianciil Activities 1121atice Slieet Notes to tlie fiiiiaiicial Statenieiits 8 10 12 Detailed St11 tetiitiit or r+inAncial Activilics 13 to 14 riXCEI L CIIURCII Rfi l)Olll' ai", 'ri I r.'rRUSTEEI S IOIITIIL YCIAR Iih'DED 31 DLI CEMBE*ll 2024 Tlic (i'ustecs iji'oseiit Ili¢ii' I'cpoi't and liiiaiicial sl&tenienls For tlie ycai. eiidiiig 3 1st Deceiiibci. 2024. Tlie trnSte￿ Imvc adopted tlie pi'ovisioiis of Aceo(IfLiiriE aiid Repoi'liiig by cliaii1iC5 Siaicm¢ii( of Recoii)nicn(led Pixclice api)licable lo cliarilies i)rei)ai'iiiE IlTrcii- accounts in accordaiicc willi Ilie fipaiicial Rci)oi'liiiE Staiidai'd ai)i)licable ii) tlic UK and Republic ofii'elalld {FRS 102) (Effeclivc 1st J¢inuaiy 2019) OIIJEI CTIVEI S AND ACTIIIITIES Objceliiics and aii)Is (a) to advance (lic Christian fa￿117 iri accoi.daiicc iviil) tlie SIAleincnt in siKh ways an(5 in siicli pails of tlie Ui)iicd Kiiigdoiii oi. tlic iyoi'ld as Ili¢ Cliui'cli Couiicil fi'oiii linie to liine n)ay Iliink fi¢ (b) lo relieve sickness and fiiianeial liardsliip arid lo i)IDinole llnd pirserve good liealtli by Ilie piY)visioii or rui)ds, good 01 selvices of any iiicludiiig tile piDvisioii of counsellis18 aiid siippoi'l in su¢li pails of t]ie United Kingdoill or tlie world as ilie Cliurcli Coijncil fi-oin lirne to Liine Iliii)k fit. (c) to advance educalion in sii¢li Wiiys and in siicli pails of tl)e Unifed Kingdoin oi. tl)e world as ilie Churcli Council froin (line to tiiiie inay Iliink fil. Tlie cliAI'ity's aiins ale govei'iicd by Ilic Mission Staleincnl aiid Core Valu05 wliidi are slaied on tlie cliuirh ivcbsilc- www.excclcliuicli.oi.g,uk Tlie cliuiEt] is col1￿]1tted to inipaclin&T rlie lives or11K￿ wlio access Uie services alld 8ciivi(ies provided by Excel Churcli Ilii'ougl)ouL tlie week. 1.lie oi'ganisatioii advnnces its ob.jcetives tlirougli tlic folloiving Iiey activitie5: WoiEliip Seivices 1¢ nd Faitli Proniolion. Re8ulai' events and 2llEoLings aiE conducted to proniote tlie Clirislian faith. Iwili opeii aecess for all individuals wi511ing to atteiid. Week]y Sunday se￿ICeS cuiiEntly all￿¢1 appi'oximatcly 250 parlicipanls. and allendaiice is pi'ojected to inci'ease. To RCCOFMmodate anticipated giDwtli. gn Addititsi)al Sunday sejwiee was inti'oduccd iii Sepleinbci- 2024, ¢lfccliv¢ly doubling cai)acity. In adf5ilion, a sillaller i)uinbci- of individuaL8 pai'ti¢ipate iti inid_week seivices aiid liom¢ gi'oups, wheiE stiiicluiEd Bible teacliiiig is pl￿vIdEd to encoillXOC deeper uiidei'slaiidii)g of Ilic Clii'islian laitli. Pasloyal CAI'e slid Coininunily Supporl. Pastoiil eare is extended IN)Ili to cliui'ch allondees and Tneinbei's of tlie ivider cotD2nunity oil an a$-nccded bttsis. This supporl in¢lude5 assistance foi. those exp¢ricJicing illness. [￿ancIal lthi"dsliip, or otlier petsonal ¢IJalIeng￿. Cl)arilable Support. Tlie oi'ganisalion i))aintoins its com111itnienl lo suppoi'ling inteL7Jation81 cl￿11É1eS t[￿L provide aiil to individuals living itE poveriy ovei'seas. Educition aTid DeveloiiiDcnt.Educational iThilialives are embedded within Sunday and inid-week se]vice5. willi an emi)liasis on practical applicatiorL of bibli¢al teacl)ino tn addition, Sliucnued courses al'e oflercd to suppoil peiEon81 and spii'itlial dcvelupinerkl, incliiding pi'ogiJn)Ines designed (o lielp individuals idcnlify llieii. gifts and abilities. a Th8rriJgc enrichiiieiit couiEe, and Ali)Iia course inli'oducinE Il)e foundalioiial teacliiiigs of the Chi'istiaii f1¢ lili. I XCEI L CIIURCI.I LiCI l)ORT 01, I'III'I'RUSTEES riOR Tiif YLAR EINDED 31 DfiCCI MIIEIR 2024 OBJEI CTIVLS AND ACTIVITILI S SiEiiificg1Tr1 Activities Tlie folloivii)L> aclivilies 11 I'e iecosnised as noliibl¢ sucL'e5ses iii 2024. .8ti'etlEtli ii'itl) Rise June 2024, api)i'oxiinat¢ly 200 n1cJnbei￿ of Exccl Cliiii'el) atlendcd a cliurcli coiifcicncc ai Cefn Lca Holiday P1t I'k. mid Walcs. Tlic coiifei'¢nce eolltiibuted sigiiificaiilly to Ilie spiritual develoi)ii)tni of ijarlicipanls, offering Bible leaEliings Il&iStordl sui)i)01'1, 81id opportuiiitics lor Ir121ioiisliip buildiiiu. Tl)I'oiigh EeJJei'osily of doiiors, fiii4Lncial assisl￿)ce wa provided lo families wlio would olliciwise l?ave beon viiaL)l¢ lo atteiKI. Holiday Club Our aiiiiual 140liday Club took i)lice in August, offeFing foul- 8e5sioiis dui'ing tlie scliool holidays. TIIC PlDErsi)ui Iliemcd 'We Are Ilie Clianipions" crealed a safe alid eiigaging enviiDlltnenL w11￿.¢ Lliildten eould Loiiiiect willi Ilivir ijcci's. Tlii'ougli Bible siorics, songs, and interactive activilics, diildren intt'odueed to aiid encoui•ged iii the Cliristiatl fai(li. Allend8iice fccs wcrc kcpl to a iiiiniinLlllI lo cn&irc acccssibility foi. fan)ilics witl) lowei. incomes. Clii-isliii'LS liest On 14 Dec¢mbcr 2024, Excel Cliui'cli hosted ils 8nnua5 Cliristmas Fesl, arfi'aet¥ng aiDuiid l.QOO atteiidces. T11is well-l'egai'dcd eainniunily event i)ir)vided ali iiffordable, faiiiily-fi'iendly Clii"islii)as celebimtioll. Cliildi'eii ivcre ablc lo iiieeL Santa and enjoy a Innge of feslivc activities. wliile familics aL80 expeiienced musicftl perf0M￿nceS aT)d short gospel pitseiitalioiis tl)2t Iiigliliglited tlie airislinas slory. -Youtli 2nd Childi-cn's Activilies TlllY)uglioiil 2024, fxccl CIIuLcli lias coiitinucd to invest in the liiics of childreii and young pcoplc Ilwoi?gli iveeldy clubs. Notably. pai'lieipation aFnoii8 secondaiy scliool-aged cliildieii increased, willi 200 young pcople registered. Bcyonil the weekly youili club, soine paLlicipants diose to engage in incntorllig suppoit offered by voluiiteer youth leadeiE. This menloi'ing has provided guidance and encoui'agemeiit, Assisliiig yOLing people in iiaviga(ing cliallenging life experiences atLd iiiakii)g iiiformed decislOIIS. Public beiiefit Tl)e ti'listees Lonfiim tliat Ilicy Iiavc Iiad I'cgaid to the Charity Coininission's giiidanc¢ on public benefit wlien planning and delivei'ing tlie activities of Ilie oi'ganisalion. FIJNI￿C[AL REI VIEI W tiiiancifil p051tlOEI Ii)come foi- the ycaL ended 2024 totalled £417,288, I'epieseiiting ali increase of 33% perceiil compaied with 2023. The Ii'ustees are .8atisfied witli tlie ovcrall financial posilion of Ilie cliaiily. A Finaneial, Pmtocols and Rrseiwes Policy 110$ beei) 2doplcd, requii'ing reseives (o be maintained at a level equivalei)I to Il]ree n10211hs of0p￿aLl1]g c051S. Tlie activities of Ilie cliui'cli al-e funded i)I'iinarily t11ro￿E1) volunlaiy gifts from &llende&%, willi 8 qiEnificant coiilribulioii &180 dei'ived froiii lax rcc11£ imcd ui)dei' die Gift Aid s¢lienie. lii 2024. & special vision offei'iiig ivas received, which enabled tl)e cliui'cli to fully i'epay ils ii)orlgago obli8alions. All expetidilui'c is maiiagcd and applied sli'icily in accoi'dai￿c witli the cl114 ritabl¢ object5ves ofihe oi'ganisalion. PAgc 2 Ekcfi L CIIURCII RCI PORI, or'i'i4L'I'IIUS'I'LLZS FIOR"I'IIC¢ YLAII L4NDfi D 31 DECLIMDER 2024 ruTURE PLANS Lookiiig ttliead, (lie Iius(eL's dlL Loniinill¢d Io cj15ul.iiig (hs conliiiucd El'oivih Aiid sustaiiiabilily of cliai'ity. The rollowiiig i)I'ioi'i(ics l)avc beeii idcnlified Foi- Ilie coniiilg pa-iod: Pi'emises Devolopitieiit Tlie Iruslees intend io secui'e laiucy piciiiiscs to accoininodalc Ihc iiicira5ing nuiiilxr of tLlteiideeq ai Suiiday sei'viLes. Tliis will dlso piDvtde LJl"eat¢i' t]exibility foi. i))id-week activities. coiiuiiunity ouli'eacli. and educalioiial pi'ogiaimiii es. Coiiiiiiuiil¢)' ngageniciit - Building 011 Cxisliiig iiiilialiv¢s, tlie cliyi'ily plBnq lo cxi)and IL% capacity io scnpe ilie iieeds or the local coiiynunity. Iviili particulai. focus on i)0StOLal C￿.¢ and practical 25SiStance foi. tliose exyei"i¢ncin81121(Lsliip. Sti'eiiElliciiiiig Iloluiiteei- aiid Lc41dei'sliip Capacity liivesliiienÉ will be tiiade in h2iniiig aiid equippii)u voluiiteer5 2nd leadei's, eiisiiring iliat Ilie elioi'ily 5$ well i'esoLlI'ced to mcel Ilie deniands ol a gLY)wing coiigi'cgation and ivider coniinunily woi'k. SustalnliiE filiiqiicial Stability Tlie (Djsiees ivill continue to cneourage regular 8ivin& inaxiniise Il)e use of tlhe Gill Aid sclieme, aiid exploi'e additi ollal incotiie slL'e2ms lo ensuie loiig-lei-ni finaticial resilience. Pi'ogi'aTiiiiie Developineiit Plaiis iiiclude (lie coiilii)u2tion 3nd expansioii of courscs Iliat support personal ginwfh and spiritual deipeloi)nieiit, iiicluding mai'iiage prepai'otioii, disciplesliip pi'owaiiuiic5. and oubrach iiiitiatsvas %uch as ihe Alpha coiiisL. Tlllr)Ligli tli&8e iniliattves, dic Iiiistees lo strengthen Ilie eiiaiitls ability to acliieve its objectives, biY)3den its iii)pact. and ieiiiain Lesponsivc lo Ilic Iiceds of boil) its ineinbers and Ihe widci- coniinunity- STRUCTURE, GOVERNANCEI AND MANAGKMENT Tlie cliai'ity is establislied as a Cliai-itable Incorpojxted Organisalion (CIO) pnd operalcs under H COZ15titutioJ) da*d 9 Septeiiibei. 2017. li) accoi'dance ￿lItI7 Ilic guideliiics of tlie Assemblies of God (AOG), tlic cliuirl) i% itquiiEd to rtiaintaiii a Inilliinum or thiee tn)sl¢¢s, one ol wlioiii iiiusl be the ScLllOI' Minister, cyritnily ￿.. D. Dudfield. In die eveiil of a tn].%tee vacaiicy, tl Senioi. Ministci" noniinales a suitably qLialified individu21 wlio deinonstrates tl)e necessary exp¢)ience arid coiiin)i¢iiient. Tlie non)iiiee i.s Ili¢ii foi-nially apposiited by Ilic Cl)uirli Coun¢il. Tlie ti'uslees colleclively briiig a broad rallg¢ of expertise and irsponsiblc for cnsvyiiig Ili¢ cliai'ity's financial stability- Tli¢y piyjvide bolli pi7)fes5ioiial and 5ts'alegic oversiglil, pailiciilarly in i'ela(iDii to poliey developEnciii and Ilie cfftctivc nianaLieinent Ofiesoui￿es. REI fiCIiENCE AND ADMINISE'RAfivci DLI fAILS Rcgistei'ed Cliai-Èty iiuinbei. 1172868 Pi'ÉncKI)al addi'css Excel Chiu'cli Wolvei'liaiJ)plon Stiret Bilslon West Midlxnds WV140L'r I XCEI l. CIlUIICI.I LILI l)Oll'l' 01, I'l-ll, 'I'IIUSl'11 fi,8 IOR TIIEI YCAR EINDEI D 31 DEICJ£MJJCIR 2024 Ti-usLees D Dudfield 1.1 Diidficld S Suiida A R Adeglie DMLee M R Cos'biii Ivfis C Mwale ITidepcTideiit El Iiiiiiinei. Scplilon & Coiiipany LLP Cliaitered Cei'tified Accoiinlaii(s Mars(OLI House 5 Blii)don Lanc Marslon Gi'een West Midlands B37 7DL i3xiilieis HSDC Qtieen Squaie Ilolvei'liainp(on WVIITE Approved by oi'dei. of Ilie boai'd of trustees on 13 OctoL)er 2025 ai)d signed 01) ils behalf by.. D Diidfield- Twstee INDILPENDCI Nl" fi XANqINEI R'S IIESPORI. TO 'fi.IE TRUSTCES or r.XCET. CHURCII Iiidei)eiideiit exaiiiiiiei s i'cpoi't to (ljo ti-listc￿ of Ci xeel Cliui'ch Iri?oi"I lo Ilie diai'ily Itus(ees 011 my exaiminatioii of Ilie aecounts of Excel Cliurd) (the Tnisl) foi. the year 31 Dcccnibei" 2024. Resijoiisibililies aitd basis of i-cpai't As the cllai'ity Ii'uslees of Ilie Ti'ust yoii ai'¢ rcspoi)sible foi. tlic prepai'alioi) of tlic aeeounls iii accoiKlai)ce willi ihe i-eqiiii'eiiients of Ilic Cliai'ilics Act 2011 I'llie Aclry. l itpoit iii Irsi)ect of niy exaniiiialion of tlic Tmst's aecoiinls caiiied oiit undei. Seclioll 145 of the Act and ii) caiiying oiit iiiy exainiEi2Èion I liave followed all ,ii)pliedble Dii'cclioll5 siveii by tlie Cl)ai'ily CoiiiJJiissioii undei. Seclioii 145{5)(b) of Ilic A¢t. Indeiieiideiit eiAiniiiei s statcnieiit Since your cliarily's gl'oss incoine exceeded £250.000 youi. exaininer Iiiust be a ii)einbei- OF a lisled body. I c2tL confirin tl?It L axil qualified to undci'lake tlie exaii)inalioii bccause l a Ineii)bei' ol Ilie A5s0cialion of Chai'lei'ed C￿li[￿ed Accounlants, wliicli is oiie of ilie lisled bodies. I l)ave coiiiplolLd Iny eKaiiiinalioii. l eonfiIin 1111¢ t no i))L1t￿la1 Inatters l)llve come lo my Èltention in conncclion with the CX8111i118lioii givinE l)ie cause to believe tlial in aiiy Liialerial IEspeei: accouTiling i"eeords wei'e Iiol l ATJd Rei)ortiiig by Cliaiities.. Sialcinci)i or Recoiiiiiieiided Pi-a¢lice applicable Èo cliai'ilics piepdi-iiig (Iieiy accouiils Iii accoi-dai)ce wilh tlie finaiicial Rei)oi'ling Slandai"d 41pplicdblc iii tlie UK Ènd Rei)Iiblic of Ireland (FRS 102) (eff￿lIve l Jaiiiiaiy 2019).. Financial Rei)oiliiig Slai)daYd 102 'Thc fill￿ncl?7 Rei)oi'lii)g Statjdaid api)Iic2blc ii) tli¢ UK and Rcpublic or IIEland' and tl)e Cli81'lties Act 2011. Tiie financial slalcrnenls liave been pi'wared unda. (l)c liisiorical eost caiiv¢iilioi). Incoiiie All incomc is Ircognised in th¢ Statement of fiinaiicial Activities on¢e Ihc chai'ity has entiilemciit to ihc ￿nds. il is pi'obable tliat Ilie incoiiic will be Icc¢ived and Ilic ainount can bc Ineasured irliably. i iyenditui-c Liabiliti¢s 21"e reeogniscd os expeiidiliii'¢ as soon as til￿￿ is a Icg21 or cons1n￿tIVe obligilioi] coinmitting il cliarily io Ilia( expenditui'c, it is pl￿bal)It Il)aÉ a liansfcr of ecoiioinic bei)efi15 ivill be rcquired in sctileineiil ajid tli¢ amount of tlic obligatioii cali be ineasui'cd rcliably. Expcndituyc is accouiited foi- on ali dcciiia15 basis aiid lias been cla.%sified undei- Iieadiiig5 Uial aggi'cLTule All cost related 10 Ilie calesoiy. WIiErc costs caiinot be dirccily atti'ibutod lo paLttculai- h¢adiii8s thcy 118ve bccn allocaled to activities on a basis consistdit willl Ihc use of resoiiires, Taitgiblc fiicd Asscts Dei)rcciatÈoi) is i)I'ovided at the followiiie 4lnnual rates iii order to wiile off eadi asset over its ￿tIm￿[ed useful lifo. Fi'ecliold pi-opeity Plant aiid 11)3diineiy riixftii'es and fitliiigs Motoi. veliiclcs CoiiipuleL equipiiient ot pi'ovided 200/D 011 reducing balanc£ 154/0 on reducing balaiicc 250/D on reducing balancc 25g/o 011 cosl Tlie cliai'ity is ¢xcii)pt fi'oiii tax ali ils cliai'itablc activilies. iiiiid aeeounting Utu'¢sli"icted fulLd5 ¢aii be used ui accoimlance witli thc d)￿lIable objcclivc5 at tlie disci'etion of the twslces. RestLiCted funds can only be u8ed foi. paiticular icsii'icled i)uwoses within ilie objects of the clwity. Rests'ictioi aiisc wli¢n specified by (l)e donoi. or wl)en funds are I'aised for pai'ticiilai. I'cstri¢ted purposcs. Fui'iliei. cxplanalion of tlie nijthir 2nd puiposc of eacli lund is in¢liided in Ilie notes to ilie financial slateiiienls. Peiisioii cost5 2nd otliei. post-i'elli'eineiit bencfils Tlic cli81.ily opei*(£s & dcfiiied coiilribution i)eiisioi) sclieiiie. Conlributions payable to tlie C1￿1.11￿S pepsi￿1 sclieiiie ai'c ¢liaiEed to tlie Slalcii)ent olFiiiancial Activilic5 ii? tlie pu-iod lo wliiclj tliey rclate. PRg*e 8 conlinucd.-. i X('ls l. Ll.IURCII NOTCS'fo THEI filNIANCIAL S'I'ATCI Mi LN'fs- coiitiiiiied IOR I'HE YEIAR EINDEID 31 DCI CBIMJJER 2024 INVLI STfvtri INCOMC 31112124 3111￿3 Dei)05il aceounl iiileiEsL 1.891 1,714 'riiusTYLCI S, REI MUNEIRATION AND ￿ElNEfiTs 31112124 31112r23 TrLlSt¢ts' salai'ies 65.572 63.663 Dui'llig Ilie yeai. rcinui)er2tion iv8s paid lo D Dudfield and D L¢¢. Tt'ElSleos' cxiieiisos I'lieiE IvcI"e iio liustees, eXpel￿S paid for the yui. elided 31 Decellib￿. 2024 noi. for ihe year et)ded 31 Dectnibei. 2023. TANGIBLEI f£lXEI D ASSEI TS Fixtures and fiLtii)gs rireliold PI'OPCTty PIHiil and niacliineiy COST At 112nuary 2024 Disposals 1,206,961 55,521 (955) 32.867 At 31 Deceiiibei. 2024 1,206,961 54,566 32,867 DEPRECIA'E'IUN AL l Janu8iy 2024 Ch21'Lie foryeai. Eliiiill?aled 011 disposal 32.106 3,408 (402) 30,256 389 Al 31 D￿li]b￿. 2024 35,112 30,645 NLI T BOOI< VALUE At 31 Deceiiibej. 2024 1.206,961 19,454 2.222 At 31 Dcceii)b￿ 2023 1,206,961 23,415 2.611 Pijge 9 conliiiiicd... JIX'CEL CIIURCII NO'I'ES TO 'II.IE fiNANCIAL STATLI Ii ICI N rs- ￿lIttl111cd 40R I'HC YEAR LINDEID 31 DEI CEIM13LR 2024 TANGIIILE fixED ASSL'fs - LoiIIiiiuL MotDI' vclilclcs Coiiipuler Totats cos'r A( l Januaiy 2024 Disi)osal.s 11,947 4,118 1311.414 {955) A(31 Deceiiibei. 2024 11.947 4,118 IJIO.459 DJ£PRECIAI'ION Al I Saiiuaiy 2024 Cli1¢ I'ge for ye21. Eliminated on disposal 10,621 331 2.151 379 75.134 4.507 (402) At 31 De¢ciiibci' 2024 10,952 2,530 79.239 Nl¢T BOOI(IIALUC Ai 31 Deceinbei. 2024 995 1.588 1.231,220 At 31 Decei)Ib￿. 2023 1,326 1,967 1.236,280 DEI BTORS.. AMI OUNTS FALLING DUEWITHIN ON￿ YEI AR 31112r24 31112r23 Oil)ei' debloi Tax Pi'epayiiients and acciued iiicoine 39,633 57.026 4,217 14.452 46,326 4,507 100.876 65.285 CRLI DITORS: ￿lloUNT8 FALLING DUE4 WITHIN ONE YIEAIi 31112124 31112f23 Bank loans 211d overdiafts (see note 8) Taxation and social sccui'ity Otliei. ciTdiloiE 2,532 1.694 73,108 1,603 47.374 48,977 77.334 Page 10 rxL'r.i. CllURC'14 NOTfi S'l'o i'i.Ic filNANClJiL STA'fcs MENTS- eoiiliiiiied FOR TEtC YLAR EI NDEFD 31 DECEiiMIJIR 2024 CREI DITORS: AMOUN'IS fi ALLINC DUE ArrEri MofiE THAN ONIL YEI AR 31112f24 31112123 Baidc loa115 (sce LlQte 8) 132.408 LOANS An analysis of Ilic liiatiii.ity of loans is given below- 31112f24 31112123 Amouiits falling due witliiii one year (Mi d￿lialid.. Baiilc loans 2,532 Aina(ittts falling du¢ becwcen Iwo and five Y￿￿- i3aiilc loans- 2-5 yeai's 5.688 Aiiiouiits falling due iii nioir Iliaii five yeais: Repayable by in51alinents-. B21dc I0￿)S iiioi'e 5 yi. by iiist31 126,720 SEI CuR￿lD DIBTS The b81tt loan is secuied oil tlie'assels of the ChLU'Ch. iu. MOVEI Mri NT IN FUNDS Net movenient li) fiinds At 31112Q4 At 111124 Uni'e5ti'icted funds Geiieial fvi)d 1,216.772 189.122 1.405,894 Rtstl'icled fuiids ReslTlCted flind 11.748 11,748 TOTAL fuNDS 1,216.772 200.870 1,417,642 Net inoveiiieiit in fiiiids, iLi¢IILdcd in rhe ai>)vc aLE as follows- IIKoiniiig I'esourcc5 Resoui"cc5 cxpended Moyejiienl in fuiid5 Ulli'esti'icted fund8 Gener21 fwid 379,073 (189,951) 189,122 Rcsti'icted fiiiids Resti'iclecl fviid -18.215 (26,467) 11,748 TOTAL fi UNDS 417.288 (216.418) 200.870 Pagcll coiitinucd... CXCLI. CIIUIICII No'rri S I'0'fiIL ￿JINANCI1iL STA'fci MEI NTS- eoiitliiued IOR Tl.rL YLI All Lih'DED 31 DE¢CLI MBEI R 2024 iu. MOIIEI MCI N'f IN fuyDS- conliiiiTed Coiiiijfii'aljiie¥ loi. illoveiiieiil ITI (uiids Nel Inoveiiiciil in fluids AL 31112r23 A(111123 Uni'csli'ietod fuiids Geiieiml fund 1.103.145 113,627 1,216,772 TOTAL fuNDS 1.103.145 113,627 1.216,772 Coniiiai7liv¢ iiel Inoveniellt in fiinds, ii)eluded in tlie above aKe as Follows.. Iiiconiiiig IEsouiets Resources expthided Movcincnl in funds Uiii'esli'ictcd fund5 Geiiei'al fi]nd 302,262 (188,635) 113,627 Resli-icled luiids Resti'icled fund 11.591 {11,591) TOTAL FUNDS 313,853 (200,226) 113.627 ii. IILLATED PARTY DISCLOSURCS Bilston Peoples Cenlrc lias comnion Iiiiste￿. Diii'ing tlie yeai. wages costs wcic Ir¢liaL'ged to Bilslon People's C¢Jitre arTtounling lo £12.920. As at Ilie bglance sheet date Bilston People's Centit owed Exccl Chuirh £39,633, this is included in ollier debtors. Page 12 CA'CCL CIIUIIC:I.I Dr.'rAILCI D s'fATEI NT or riNANCIAL ACTIIII I'LEI S roR THE YEI AR EI NDEI D 31 DECEI MBER 2024 31112n4 31112r23 INCOME AND LI NDOWMCI NTS Doi?a¢ioiis aii(I logACiCS D(Jnalioiis Gift aid GLcllits 320,179 57.OQ3 38,215 255,454 45.094 11.591 415.397 312,139 Investmeiit ineoiiie Deposit accoiin( intci'cst 1.891 1.714 Total incoiiiing i-csout'ees 417,288 113.853 EI XPEI NDITUR Cliai-ilAble aelivitios Oiilieacli costs Food bai)k Yoiiili Devoted Clll'isliiias fest Dei)arlinenls 28,649 5,531 10,817 1,336 1,245 36,678 33,716 2.786 8.149 3.221 3.1 22,181 84.256 73.225 Supiioi't C05ts MaiiRgeiiieiit Ti'usle&s'.8alaries WaE¢S Soci21 secui'ily Peiisioiis 65,572 11.852 1,552 2,835 63.663 8,213 1.402 2.774 81,811 76.052 Finance BaT￿ ¢lpaiEes Loss oil sale of taiigible fixcd assets Moi1uagc Iiit¢re5t oil lax 1595 554 7.237 2.473 286 13.308 {284) 10,386 15.783 stAblisliiiioiit costs Raies aiid watei- 3.168 5,?31 8.399 1.545 5237 6.782 Cai'i'ied loiivard TIIIS Pcige docs Iiot foi'iii pait of ihe 5tatutoiy fii)aiicial slalciiients Pagc 13 EX'CEI. CFIUIICII DEI'fAILBI D sfA'I"EMfN'r or riNANCIAL AC'fiiii'I'EES IOR I'I.IE Yl;I AR fi NDED 31 DEI CEMBEIR 2024 31112124 31112123 Broii&Flil foi'ivoid Li8lit and lieat 'releplionc Rei)airs aiid reiicivals Suiidi-i¢s 8,399 13,059 950 5.489 1.180 6,782 8,233 1,005 4.836 1,479 29.077 22,335 Otliei, Moioi. expense¥ Subscriplions Posta&Je dlid slatioiieiy Coiiii)utei' cosls Plznt and inacliiociy Fiktui'es and fitliiigs Motoi. veliiclcs Coini)utei' equiyiiienl 1.914 1,880 2,057 881 626 2,OTI 447 3,408 389 331 379 458 442 379 8,748 11,031 Governancc costs Aecoun12llCy 2nd legal fees 2,140 1,800 Tot41 irsow'ces expeiided 216.418 200.226 'et iiicoiiie 200.870 113,627 'riiis i)age not lorlli i)pit of Il)c smttilory fiiiaiicial slaÉeii)cnls Parje 14