Christ Church Hemel
Report of the Trustees and
Financial Statements for the year ended 31 August 2025
Christ Church Hemel is a Charitable Incorporated Organisation. Registered Charity Number 1178976
Christ Church Hemel
Contents of the Report of the Trustees and Financial Statements for the year ended 31 August 2025
| Page | |
|---|---|
Report of the Trustees |
1 to 4 |
Independent Examiner’s Report |
5 |
Statement of Financial Activity |
6 |
| Balance Sheet | 7 |
| Cash Flow Statement | 8 |
Notes to the Financial Statements |
9 to 15 |
CHRIST CHURCH HEMEL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025
The trustees present their report together with the financial statements of the charity for the year ended 31 August 2025. The financial statements have been prepared in accordance with the accounting policies set out on pages 9 and 10 of the attached financial statements and comply with the charity's constitution, applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) laws and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102).
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1178976
Principal address 21 Ridge Lea Hemel Hempstead HP1 2AY
Trustees
S. Buckley R. Matheson D. Couch J. Petitt
Independent Examiner John Caladine FCCA CTA FCIE Caladine Limited Chantry House 22 Upperton Road Eastbourne East Sussex BN21 1BF
Treasurer R. Matheson
Bankers Lloyds Bank plc 120 Lewisham High Street Lewisham SE13 6JG
Page 1
CHRIST CHURCH HEMEL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The church is a Charitable Incorporated Organisation and its governing document is a written Constitution approved and adopted at a church members' meeting held on 28[th] March 2018. The church was registered with the Charity Commission on 28th June 2018, with registered charity number 1178976.
The church began operating as an independent charity on 1[st] September 2018, having started meeting as a congregation of Spicer Street Church (registered charity number 1173938) in 2014.
Recruitment and appointment of new trustees
Recommendations to appoint new Elders (who are also the Trustees) are brought to the church members' meeting by the existing Eldership. They are appointed at a church members’ meeting via a resolution that must be passed by a 75% majority of the quorum present at the meeting.
Induction and training of new trustees
New Elders are briefed as necessary on their obligations under charity law, the Constitution and the decisionmaking processes of the church.
Organisational structure
The Elders regularly review and discuss the affairs of the church. At church members' meetings, held regularly throughout the year, members review and make decisions concerning the affairs of the church in response to the leadership and work of the Elders and Treasurer.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The trustees are aware of the Charity Commission's guidance on public benefit and consider that the ministries and activities of the church in support of its objectives are consistent with that guidance.
The primary objective of the church is the advancement of the Christian faith primarily but not exclusively in Hemel Hempstead and the surrounding area, by teaching the Bible and promoting prayer and fellowship among believers. It also seeks to support other activities that put the Christian faith into practice, including the advancement for public benefit of religious education and the care of those who are aged, poor, sick or disabled.
The church's ministries
During the year, the church had a pastor, Sam Buckley, and an associate pastor, Dave Couch, who were primarily responsible for maintaining a regular ministry and pastoral care for the congregation. Many church members also volunteer their time to support the activities of the church.
The church seeks to provide:
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A programme of meetings and events which seeks to deepen the spiritual lives of the individual members and provide opportunities for non-members to hear the Christian gospel, including:
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Sunday morning and evening meetings;
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Sunday school;
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Youth groups for secondary school age children;
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A mid-week programme, including bible study, prayer and teaching, which normally meet in members' homes.
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Various other teaching and outreach ministries in and around the local area, including Christianity Explored courses for those interested in the Christian faith.
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Encouragement to its members to pray for the wider church and the needs of the world.
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Regular support for a missionary family working in Zambia, a translation consultant with Wycliffe Bible Translators, and the local Christian debt centre.
Page 2
CHRIST CHURCH HEMEL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025
- Support for a number of other organisations working in gospel ministry and care for the underprivileged in the UK and around the world.
Grantmaking
The church supports a number of individuals and organisations. Those who receive grants are regularly reminded that their support is regularly reviewed and may change according to circumstances and the availability of funds.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the year ended 31 August 2025, the church has continued to focus on teaching the Bible and promoting prayer and fellowship, including through the teaching and outreach ministries outlined above. The Sunday morning meetings have continued to be streamed live for those who were unable to meet in person.
FINANCIAL REVIEW
Reserves policy
The trustees have a reserves policy (updated in January 2024) to maintain a minimum level of reserves that is equivalent to 3-4 months’ general expenditure, which is sufficient to allow the church to operate without being affected by the uneven nature of the cash flow through the year. At the year-end, the church had unrestricted general reserves of £59,655, which is equivalent to 4-5 months’ general expenditure.
Principal funding sources
Regular funding of the ongoing ministry of the church is dependent on donations made by the church members and other donors, which for the year ended 31 August 2025 totalled £164,260. During the year, the church also received restricted gifts from members and others amounting to £4,995.
Housing
The church owns 21 Ridge Lea which is used as a manse to house the pastor and his family.
Page 3
CHRIST CHURCH HEMEL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025
TRUSTEES’ RESPONSIBILITIES
Charity law requires Trustees to prepare accounts which give a true and fair view of the state of affairs of the Charity and of its income and expenditure for the financial year. In doing so, the Trustees are required to:
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a) select suitable accounting policies and apply them consistently;
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b)
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make judgements and estimates which are reasonable and prudent;
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c) prepare the accounts on an ongoing concern basis, unless it is inappropriate to presume that the Charity will continue in operation;
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d) follow applicable accounting standards and the Charities SORP, disclosing and explaining any departures in the financial statements
The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the accounts comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are also required to be aware of the Charity Commission’s guidance on public benefit and to take it into account in their decision-making on behalf of the church.
Approved by the trustees of Christ Church Hemel on 13 January 2026 and signed on its behalf by:
R Matheson - Trustee
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S Buckley - Trustee
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Page 4
CHRIST CHURCH HEMEL
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025
I report to the trustees on my examination of the financial statements of Christ Church Hemel (the Church) for the year ended 31 August 2025.
Responsibilities and basis of report
As the trustees of the Church you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the Church’s financial statements carried out under section 145 of the 2011 Act. In carrying 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 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.
I 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 confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Church as required by section 130 of the 2011 Act; or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns 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.
John Caladine FCCA CTA FCIE
Caladine Limited Chantry House 22 Upperton Road Eastbourne East Sussex BN21 1BF
Dated:
Page 5
CHRIST CHURCH HEMEL
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2025
STATEMENT OF FINANCIAL ACTIVITY
| General Fund Designated £ £ INCOME Notes General Giving 2 164,260 - Other Income and Grants 3 20,196 - Income Total 184,456 0 EXPENDITURE Staff Costs 4 77,368 - Ministry 5 56,364 607 Housing 6 19,960 2,275 Expenditure Total 153,692 2,882 Net Income/(Expenditure) 30,764 (2,882) Transfers Between funds (30,933) 30,933 Net movement in funds (169) 28,051 Reconciliation of funds Total funds brought forward 15 59,824 57,158 Total funds carried forward 59,655 85,209 10,11,12 Unrestricted |
Restricted Total £ £ 4,995 169,255 0 20,196 4,995 189,451 31 77,399 4,964 61,935 - 22,235 4,995 161,569 0 27,882 0 - 0 27,882 0 116,982 0 144,864 |
2023-24 Total £ 143,371 29,028 172,399 72,916 58,571 29,287 160,774 11,625 - 11,625 105,357 116,982 |
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Page 6
CHRIST CHURCH HEMEL
BALANCE SHEET AS AT 31 August 2025
| BALANCE SHEET AS AT 31 August 2025 | |||
|---|---|---|---|
| Notes Fixed Assets Property & Equipment 14 Current Assets Bank Balances & Cash Accrued Income 8 13,450 Prepayments 8,063 Current Liabilities Creditors: Amounts falling due within 1 year 9 (18,635) Net Current Assets Total assets less current liabilities Creditors: Amounts falling due after 1 year 9 NET ASSETS Capital and Reserves Unrestricted Reserves Total General Reserves 10 Total Designated Reserves 11 Restricted Reserves 12 |
2024-25 £ 680,541 62,589 21,513 84,102 (18,635) 65,467 746,008 (601,144) 144,864 59,655 85,209 144,864 0 144,864 |
11,054 1,351 (18,364) |
2023-24 £ 679,674 56,033 12,405 68,438 (18,364) 50,074 729,748 (612,766) 116,982 59,824 57,158 116,982 0 116,982 |
Approved by the trustees of Christ Church Hemel on 13 January 2026 and signed on its behalf by:
R. Matheson - Trustee S Buckley - Trustee
Page 7
CHRIST CHURCH HEMEL
| STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 August 2025 Cash flows from operating activities Net Income for the financial year Depreciation charges (Increase)/decrease in debtors Increase/(decrease) in creditors Bank interest received Cash from operations Cash flow from investing activities Bank interest received Purchase of capital equipment Net cash flow from investing activities Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
2024-25 £ 27,882 1,008 (9,108) (11,351) (2,624) 5,807 2,624 (1,875) 749 6,556 56,033 62,589 |
2023-24 £ 11,625 728 3,751 628,857 (1,631) 643,330 1,631 (679,092) (677,461) (34,131) 90,164 56,033 |
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Page 8
CHRIST CHURCH HEMEL
NOTES TO THE FINANCIAL STATEMENTS
1 Accounting Policies
Basis of preparation
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant accounting policies below or the notes to these financial statements. The financial statements have been prepared in accordance with the Statement of Recommended Practice: 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) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015. The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following 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) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The charity constitutes a public benefit entity as defined by FRS 102.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Income is accounted for when received, with the exception of income tax recoverable on gift aid donations, and interest arising on deposits which are accounted for on an accruals basis.
For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received.
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. Grants are recognised as a liability when the church is under an obligation to make a payment or the grant is paid over.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
IT/AV equipment - 33⅓% on cost Domestic applicances - 25% on cost
No depreciation is provided on freehold buildings. The charity adopts a policy of maintaining properties to a high standard, which prolongs their useful lives and enhances their residual value (based on prices prevailing at the time of acquisition or subsequent valuation) and accordingly the trustees consider depreciation arising to be immaterial.
Page 9
CHRIST CHURCH HEMEL
NOTES TO THE FINANCIAL STATEMENTS (continued)
1 Accounting Policies (continued)
Debtors
Debtors are recognised at their settlement amount, less any provision for non-recoverability. Prepayments are valued at the amount prepaid. They have been discounted to the present value of the future cash receipt where such discounting is material.
Cash at bank and in hand
Cash at bank and in hand represents such accounts and instruments that are available on demand or have a maturity of less than three months from the date of acquisition. Deposits for more than three months but less than one year have been disclosed as short term deposits.
Creditors
Creditors and provisions are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Creditors and provisions are recognised at the amount the charity anticipates it will pay to settle the debt.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Funds designated for a particular purpose by the church are also unrestricted.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
The accounts include all transactions, assets and liabilities for which the church is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of church members.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. The assets of the scheme are held in a separately administered fund.
| 2 General Giving Donations Gift Aid GASDS |
Unrestricted £ 136,512 27,546 202 164,260 |
Restricted Total £ £ 4,201 140,713 715 28,261 79 281 4,995 169,255 |
2023-24 Total £ 117,167 26,033 171 143,371 |
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Page 10
CHRIST CHURCH HEMEL
NOTES TO THE FINANCIAL STATEMENTS (continued)
| 3 Other Income Grants/Donations Interest Church Weekend Away Other income 4 Staff Costs Stipends Employers Nat.Insurance Pension |
Unrestricted £ - 2,624 13,435 4,137 20,196 Unrestricted £ 67,006 1,645 8,717 77,368 |
Restricted Total £ £ - - - 2,624 - 13,435 - 4,137 0 20,196 Restricted Total £ £ 31 67,037 - 1,645 - 8,717 31 77,399 |
2023-24 Total £ 10,000 1,631 13,137 4,260 29,028 2023-24 Total £ 63,611 1,034 8,271 72,916 |
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No employee received employee benefits (excluding employer pension costs) of more than £60,000 (2023-24: nil).
| 5 Ministry Travel Preacher Fees Evangelism Reference Material Training/Conferences Mission Support Equipment & Repairs Church Catering Church Sundry Church Weekend Away Church Office Church Rent Membership donations Fellowship fund - gifts Depreciation 6 Housing Manse-Rent Manse-Loan Interest Manse-Council Tax/Water Manse-Maintenance Housing fund - purchase costs |
General Fund Designated £ £ 1,134 - 694 - 1,412 - 795 - 1,384 - 10,300 - 545 - 1,502 - 3,024 - 16,913 - 3,835 - 10,452 - 3,366 - - 607 1,008 - 56,364 607 £ £ - - 15,842 - 4,118 - - 2,275 - - 19,960 2,275 Unrestricted |
Restricted Total £ £ - 1,134 - 694 - 1,412 - 795 - 1,384 4,964 15,264 - 545 - 1,502 - 3,024 - 16,913 - 3,835 - 10,452 - 3,366 - 607 - 1,008 4,964 61,935 £ £ - - - 15,842 - 4,118 - 2,275 - - 0 22,235 |
2023-24 Total £ 1,040 300 1,230 846 2,147 15,551 460 1,269 2,710 14,646 4,151 10,445 2,691 357 728 58,571 £ 3,890 16,422 3,721 336 4,918 29,287 |
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Page 11
CHRIST CHURCH HEMEL
NOTES TO THE FINANCIAL STATEMENTS (continued)
| 7 | Trustees' remuneration and benefits | 2024-25 | 2023-24 | 2023-24 | ||
|---|---|---|---|---|---|---|
| Stipend | Pension | Stipend | Pension | |||
| £ | £ | £ | £ | |||
| S Buckley | 34,778 | 4,981 | 33,001 | 4,727 | ||
| D Couch | 32,259 | 3,736 | 30,610 | 3,544 | ||
| The church's constitution authorises the payment of remuneration to Trustees. | ||||||
| S. Buckley and D. Couch were the only Trustees to receive remuneration. | ||||||
| S. Buckley also received the benefit of housing provided by the church, the costs | ||||||
| of which are detailed in note 6 (Housing) above. | ||||||
| £ | £ | |||||
| Trustee's expenses (included in note 5 above) | 2024-25 | 2023-24 | ||||
| S Buckley | 1,605 | 1,466 | ||||
| D Couch | 1,379 | 1,413 | ||||
| The average monthly number of employees and remunerated office holders | (including Trustees) | |||||
| during the year was as follows: | 2024-25 | 2023-24 | ||||
| Pastoral Team | 2 | 2 | ||||
| 8 | Debtors: amounts falling due within one year | £ | £ | |||
| Accrued income | 2024-25 | 2023-24 | ||||
| Gift Aid/GASDS | 10,866 | 9,746 | ||||
| Interest | 2,584 | 1,308 | ||||
| 13,450 | 11,054 | |||||
| 9 | Creditors | £ | £ | |||
| Amounts falling due within one year | 2024-25 | 2023-24 | ||||
| Accruals | 6,841 | 7,247 | ||||
| Loans becoming due within 1 year | 11,794 | 11,117 | ||||
| 18,635 | 18,364 | |||||
| Amounts falling due after one year | ||||||
| Loans becoming due after 1 year | 601,144 | 612,766 | ||||
| 10 | Unrestricted Reserves | General | Designated | |||
| Opening balance | Reserves £ 59,824 |
Reserves £ 57,158 |
Total £ 116,982 |
|||
| Incoming resources | 184,456 | - | 184,456 | |||
| Outgoing resources | (153,692) | (2,882) | (156,574) | ` | ||
| Transfers | (30,933) | 30,933 | - | |||
| 59,655 | 85,209 | 144,864 |
Page 12
CHRIST CHURCH HEMEL
NOTES TO THE FINANCIAL STATEMENTS (continued)
11 Designated Reserves
| Brought forward £ Fellowship Fund 3,445 Church Planting Fund - Ridge Lea Property Reserve 51,159 Ridge Lea Maintenance Fund 2,554 57,158 |
Transfers £ (825) 17,500 11,368 2,890 30,933 |
Outgoing Resources £ (607) - - (2,275) (2,882) |
Total £ 2,013 17,500 62,527 3,169 85,209 |
|---|---|---|---|
The Fellowship Fund is used to express love and concern for one another and those with whom the church is in touch.
The Church Planting fund is money set aside for a future church plant.
The Ridge Lea Property Reserve reflects the equity owned by the church in 21 Ridge Lea.
The Ridge Lea Maintenance Fund is money set aside for maintenance of 21 Ridge Lea.
12 Restricted Reserves
| Brought Forward 01/09/2024 £ a Assistant Pastor - b Open Doors - c Bibles for Children - 0 |
Incoming Resources £ 31 3,365 1,599 4,995 |
Outgoing Resources £ (31) (3,365) (1,599) (4,995) |
Transfers £ - - - 0 |
Closing 31/08/2025 £ - - - 0 |
|---|---|---|---|---|
a Money received to support the assistant pastor. b Money received to help persecuted Christians.
c Money received towards the purchase of bibles for presentation to the pupils of Hemel Hempstead schools.
13 Analysis of net assets between funds
| Cash at bank and in hand Other net assets/liabilities |
General Funds £ 39,907 19,748 59,655 |
Designated Funds £ 22,682 62,527 85,209 |
Restricted Funds £ - - 0 |
Total Funds 31/08/2025 £ 62,589 82,275 144,864 |
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Page 13
CHRIST CHURCH HEMEL
NOTES TO THE FINANCIAL STATEMENTS (continued)
14 Tangible Fixed Assets
| Cost at 01/09/2024 Additions Disposals Cost at 31/08/2025 Depreciation at 01/09/2024 Depreciation for year Depreciation at 31/08/2025 Net book value at 01/09/2024 Net book value at 31/08/2025 |
Freehold Property £ 678,000 - - 678,000 - - 0 678,000 678,000 |
Equipment £ 4,759 1,875 - 6,634 3,085 1,008 4,093 1,674 2,541 |
Total £ 682,759 1,875 - 684,634 3,085 1,008 4,093 679,674 680,541 |
|---|---|---|---|
15 Statement of Financial Activity - Comparative figures for 2023-24
| INCOME General Giving Other Income and Grants Income Total EXPENDITURE Staff Costs Ministry Housing Expenditure Total Net Income/(Expenditure) Transfers Between funds Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
General Fund Designated £ £ 132,795 - 19,028 - 151,823 0 58,691 - 51,863 357 24,033 5,254 134,587 5,611 17,236 (5,611) (43,790) 50,790 (26,554) 45,179 86,378 11,979 59,824 57,158 Unrestricted |
Restricted Total £ £ 10,576 143,371 10,000 29,028 20,576 172,399 14,225 72,916 6,351 58,571 - 29,287 20,576 160,774 0 11,625 (7,000) - (7,000) 11,625 7,000 105,357 0 116,982 |
|---|---|---|
16 Independent Examination
The figure for accruals includes an amount of £1380 for the independent examination fee (2023-24: £1320).
Page 14
CHRIST CHURCH HEMEL
NOTES TO THE FINANCIAL STATEMENTS (continued)
17 Concessionary Loans
As part of the funding for the purchase of 21 Ridge Lea, the church has received two interest-free loans:
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An unsecured loan, which is repayable in monthly instalments of £625 per month.
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A secured loan, which is repayable on disposal of 21 Ridge Lea as 37.86% of the sale proceeds. The aggregate balance outstanding at 31/08/2025 was £392,316 (31/08/2024: £399,816).
18 Related Party Transactions
As outlined in Note 7, two of the trustees are also remunerated as office holders of the Church and the remuneration and expenses paid to them are disclosed in Note 7.
Four trustees were reimbursed for general Church costs of £11,398 (2023-24: £13,464) which includes the amounts declared as expenses in Note 7.
Donations from trustees and their related parties amounted to £27,783 during the year (2023-24: £26,799).
Loan repayments to trustees and their related parties during the year amounted to £7,500 (2023-24: £6,875) leaving a balance outstanding of £392,316 at 31/08/2025 (31/08/2024: £399,816). No interest was paid on these loans during the year (2023-24: Nil).
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