## 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 

|<br>|Page|
|---|---|
|<br>Report of the Trustees|1 to 4|
|<br>Independent Examiner’s Report|5|
|<br>Statement of Financial Activity|6|
|Balance Sheet|7|
|Cash Flow Statement|8|
|<br>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: 

1. 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: 

   - Sunday morning and evening meetings; 

   - Sunday school; 

   - Youth groups for secondary school age children; 

   - A mid-week programme, including bible study, prayer and teaching, which normally meet in members' homes. 

   - Various other teaching and outreach ministries in and around the local area, including Christianity Explored courses for those interested in the Christian faith. 

2. Encouragement to its members to pray for the wider church and the needs of the world. 

3. 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 

4. 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: 

- a) select suitable accounting policies and apply them consistently; 

- b) 

   - make judgements and estimates which are reasonable and prudent; 

- c) prepare the accounts on an ongoing concern basis, unless it is inappropriate to presume that the Charity will continue in operation; 

- 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 


**----- Start of picture text -----**<br>
S Buckley - Trustee<br>**----- End of picture text -----**<br>


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: 

1. accounting records were not kept in respect of the Church as required by section 130 of the 2011 Act; or 

2. the financial statements do not accord with those records; or 

3. 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<br>Designated<br>£<br>£<br>INCOME<br>Notes<br>General Giving<br>2<br>164,260<br>-<br>Other Income and Grants<br>3<br>20,196<br>-<br>Income Total<br>184,456<br>0<br>EXPENDITURE<br>Staff Costs<br>4<br>77,368<br>-<br>Ministry<br>5<br>56,364<br>607<br>Housing<br>6<br>19,960<br>2,275<br>Expenditure Total<br>153,692<br>2,882<br>Net Income/(Expenditure)<br>30,764<br>(2,882)<br>Transfers Between funds<br>(30,933)<br>30,933<br>Net movement in funds<br>(169)<br>28,051<br>Reconciliation of funds<br>Total funds brought forward<br>15<br>59,824<br>57,158<br>Total funds carried forward<br>59,655<br>85,209<br>10,11,12<br>Unrestricted|Restricted<br>Total<br>£<br>£<br>4,995<br>169,255<br>0<br>20,196<br>4,995<br>189,451<br>31<br>77,399<br>4,964<br>61,935<br>-<br>22,235<br>4,995<br>161,569<br>0<br>27,882<br>0<br>-<br>0<br>27,882<br>0<br>116,982<br>0<br>144,864|2023-24<br>Total<br>£<br>143,371<br>29,028<br>172,399<br>72,916<br>58,571<br>29,287<br>160,774<br>11,625<br>-<br>11,625<br>105,357<br>116,982|
|---|---|---|



Page 6 



## CHRIST CHURCH HEMEL 

## BALANCE SHEET AS AT 31 August 2025 

|BALANCE SHEET AS AT 31 August 2025||||
|---|---|---|---|
|Notes<br>Fixed Assets<br>Property & Equipment<br>14<br>Current Assets<br>Bank Balances & Cash<br>Accrued Income<br>8<br>13,450<br>Prepayments<br>8,063<br>Current Liabilities<br>Creditors: Amounts<br>falling due within 1 year<br>9<br>(18,635)<br>Net Current Assets<br>Total assets less current liabilities<br>Creditors: Amounts<br>falling due after 1 year<br>9<br>NET ASSETS<br>Capital and Reserves<br>Unrestricted Reserves<br>Total General Reserves<br>10<br>Total Designated Reserves<br>11<br>Restricted Reserves<br>12|2024-25<br>£<br>680,541<br>62,589<br>21,513<br>84,102<br>(18,635)<br>65,467<br>746,008<br>(601,144)<br>144,864<br>59,655<br>85,209<br>144,864<br>0<br>144,864|11,054<br>1,351<br>(18,364)|2023-24<br>£<br>679,674<br>56,033<br>12,405<br>68,438<br>(18,364)<br>50,074<br>729,748<br>(612,766)<br>116,982<br>59,824<br>57,158<br>116,982<br>0<br>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<br>Cash flows from operating activities<br>Net Income for the financial year<br>Depreciation charges<br>(Increase)/decrease in debtors<br>Increase/(decrease) in creditors<br>Bank interest received<br>Cash from operations<br>Cash flow from investing activities<br>Bank interest received<br>Purchase of capital equipment<br>Net cash flow from investing activities<br>Net increase/(decrease) in cash and cash equivalents<br>Cash and cash equivalents at the beginning of the reporting period<br>Cash and cash equivalents at the end of the reporting period|2024-25<br>£<br>27,882<br>1,008<br>(9,108)<br>(11,351)<br>(2,624)<br>5,807<br>2,624<br>(1,875)<br>749<br>6,556<br>56,033<br>62,589|2023-24<br>£<br>11,625<br>728<br>3,751<br>628,857<br>(1,631)<br>643,330<br>1,631<br>(679,092)<br>(677,461)<br>(34,131)<br>90,164<br>56,033|
|---|---|---|



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<br>Donations<br>Gift Aid<br>GASDS||Unrestricted<br>£<br>136,512<br>27,546<br>202<br>164,260|Restricted<br>Total<br>£<br>£<br>4,201<br>140,713<br>715<br>28,261<br>79<br>281<br>4,995<br>169,255||2023-24<br>Total<br>£<br>117,167<br>26,033<br>171<br>143,371|
|---|---|---|---|---|---|



Page 10 



## CHRIST CHURCH HEMEL 

## NOTES TO THE FINANCIAL STATEMENTS (continued) 

|3 Other Income<br>Grants/Donations<br>Interest<br>Church Weekend Away<br>Other income<br>4 Staff Costs<br>Stipends<br>Employers Nat.Insurance<br>Pension||Unrestricted<br>£<br>-<br>2,624<br>13,435<br>4,137<br>20,196<br>Unrestricted<br>£<br>67,006<br>1,645<br>8,717<br>77,368|Restricted<br>Total<br>£<br>£<br>-<br>-<br>-<br>2,624<br>-<br>13,435<br>-<br>4,137<br>0<br>20,196<br>Restricted<br>Total<br>£<br>£<br>31<br>67,037<br>-<br>1,645<br>-<br>8,717<br>31<br>77,399||2023-24<br>Total<br>£<br>10,000<br>1,631<br>13,137<br>4,260<br>29,028<br>2023-24<br>Total<br>£<br>63,611<br>1,034<br>8,271<br>72,916|
|---|---|---|---|---|---|



No employee received employee benefits (excluding employer pension costs) of more than £60,000 (2023-24: nil). 

|5 Ministry<br>Travel<br>Preacher Fees<br>Evangelism<br>Reference Material<br>Training/Conferences<br>Mission Support<br>Equipment & Repairs<br>Church Catering<br>Church Sundry<br>Church Weekend Away<br>Church Office<br>Church Rent<br>Membership donations<br>Fellowship fund - gifts<br>Depreciation<br>6 Housing<br>Manse-Rent<br>Manse-Loan Interest<br>Manse-Council Tax/Water<br>Manse-Maintenance<br>Housing fund - purchase costs|General Fund<br>Designated<br>£<br>£<br>1,134<br>-<br>694<br>-<br>1,412<br>-<br>795<br>-<br>1,384<br>-<br>10,300<br>-<br>545<br>-<br>1,502<br>-<br>3,024<br>-<br>16,913<br>-<br>3,835<br>-<br>10,452<br>-<br>3,366<br>-<br>-<br>607<br>1,008<br>-<br>56,364<br>607<br>£<br>£<br>-<br>-<br>15,842<br>-<br>4,118<br>-<br>-<br>2,275<br>-<br>-<br>19,960<br>2,275<br>Unrestricted|Restricted<br>Total<br>£<br>£<br>-<br>1,134<br>-<br>694<br>-<br>1,412<br>-<br>795<br>-<br>1,384<br>4,964<br>15,264<br>-<br>545<br>-<br>1,502<br>-<br>3,024<br>-<br>16,913<br>-<br>3,835<br>-<br>10,452<br>-<br>3,366<br>-<br>607<br>-<br>1,008<br>4,964<br>61,935<br>£<br>£<br>-<br>-<br>-<br>15,842<br>-<br>4,118<br>-<br>2,275<br>-<br>-<br>0<br>22,235||2023-24<br>Total<br>£<br>1,040<br>300<br>1,230<br>846<br>2,147<br>15,551<br>460<br>1,269<br>2,710<br>14,646<br>4,151<br>10,445<br>2,691<br>357<br>728<br>58,571<br>£<br>3,890<br>16,422<br>3,721<br>336<br>4,918<br>29,287|
|---|---|---|---|---|



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<br>£<br>59,824|Reserves<br>£<br>57,158|Total<br>£<br>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<br>£<br>Fellowship Fund<br>3,445<br>Church Planting Fund<br>-<br>Ridge Lea Property Reserve<br>51,159<br>Ridge Lea Maintenance Fund<br>2,554<br>57,158|Transfers<br>£<br>(825)<br>17,500<br>11,368<br>2,890<br>30,933|Outgoing<br>Resources<br>£<br>(607)<br>-<br>-<br>(2,275)<br>(2,882)|Total<br>£<br>2,013<br>17,500<br>62,527<br>3,169<br>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<br>01/09/2024<br>£<br>a Assistant Pastor<br>-<br>b Open Doors<br>-<br>c Bibles for Children<br>-<br>0|Incoming<br>Resources<br>£<br>31<br>3,365<br>1,599<br>4,995|Outgoing<br>Resources<br>£<br>(31)<br>(3,365)<br>(1,599)<br>(4,995)|Transfers<br>£<br>-<br>-<br>-<br>0|Closing<br>31/08/2025<br>£<br>-<br>-<br>-<br>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<br>Other net assets/liabilities|General<br>Funds<br>£<br>39,907<br>19,748<br>59,655|Designated<br>Funds<br>£<br>22,682<br>62,527<br>85,209|Restricted<br>Funds<br>£<br>-<br>-<br>0|Total Funds<br>31/08/2025<br>£<br>62,589<br>82,275<br>144,864|
|---|---|---|---|---|



Page 13 



## CHRIST CHURCH HEMEL 

## NOTES TO THE FINANCIAL STATEMENTS (continued) 

## 14 Tangible Fixed Assets 

|Cost at 01/09/2024<br>Additions<br>Disposals<br>Cost at 31/08/2025<br>Depreciation at 01/09/2024<br>Depreciation for year<br>Depreciation at 31/08/2025<br>Net book value at 01/09/2024<br>Net book value at 31/08/2025|Freehold<br>Property<br>£<br>678,000<br>-<br>-<br>678,000<br>-<br>-<br>0<br>678,000<br>678,000|Equipment<br>£<br>4,759<br>1,875<br>-<br>6,634<br>3,085<br>1,008<br>4,093<br>1,674<br>2,541|Total<br>£<br>682,759<br>1,875<br>-<br>684,634<br>3,085<br>1,008<br>4,093<br>679,674<br>680,541|
|---|---|---|---|



## 15 Statement of Financial Activity - Comparative figures for 2023-24 

|INCOME<br>General Giving<br>Other Income and Grants<br>Income Total<br>EXPENDITURE<br>Staff Costs<br>Ministry<br>Housing<br>Expenditure Total<br>Net Income/(Expenditure)<br>Transfers Between funds<br>Net movement in funds<br>Reconciliation of funds<br>Total funds brought forward<br>Total funds carried forward|General Fund<br>Designated<br>£<br>£<br>132,795<br>-<br>19,028<br>-<br>151,823<br>0<br>58,691<br>-<br>51,863<br>357<br>24,033<br>5,254<br>134,587<br>5,611<br>17,236<br>(5,611)<br>(43,790)<br>50,790<br>(26,554)<br>45,179<br>86,378<br>11,979<br>59,824<br>57,158<br>Unrestricted|Restricted<br>Total<br>£<br>£<br>10,576<br>143,371<br>10,000<br>29,028<br>20,576<br>172,399<br>14,225<br>72,916<br>6,351<br>58,571<br>-<br>29,287<br>20,576<br>160,774<br>0<br>11,625<br>(7,000)<br>-<br>(7,000)<br>11,625<br>7,000<br>105,357<br>0<br>116,982|
|---|---|---|



## 16 Independent Examination 

The figure for accruals includes an amount of £1380 for the independent examination fee (2023-24: £1320). 

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## 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: 

1. An unsecured loan, which is repayable in monthly instalments of £625 per month. 

2. 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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