SEDBURY EVANGELICAL CHURCH
SEDBURY EVANGELCIAL CHURCH TRUSTEES REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31 December 2023
CONTENTS OF THE FINANCIAL STATEMENTS
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SEDBURY EVANGELICAL CHURCH
For the year ended 31December 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 3 | ||
| Statement of Receipts and Payments | 8 | ||
| Statement of Assets and Liabilities | 9 | ||
| Notes on the fnancial statement | 10 |
REPORT OF THE TRUSTEES
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SEDBURY EVANGELICAL CHURCH
The Trustees present their report with the financial statements of the charity for the year ended 31 December 2023
REFERENCE AND ADMINISTRATION DETAILS
Registered Charity Number
1182257
Principal address
Grahamstown Road Sedbury NP16 7AD
The managing Trustees that have served since 28[th] February 2019 are:
Elder Tony Samuel Deacon Jane Samuel June Williams –Retired November 2022 Arthur Taylor Les Weller Debra Bonner – Appointed 23 April 2023
Bankers
Nat West Bank PLC Gloucester (A) Branch 21 Eastgate Street Gloucester GL1 1NH
REPORT OF THE TRUSTEES CONTINUED
STRUCTURE, GOVERNANCE AND MANAGEMENT
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SEDBURY EVANGELICAL CHURCH
Governing documents
Sedbury Evangelical Church constitution and Sedbury Evangelical Church Handbook both of which were adopted on 25[th] October 2018. This constitutes an in incorporated charity.
Recruitment and appointment of new Trustees
The method of admission to Sedbury Evangelical Church and appointment of Elder of Deacons is set out in the Church rules. At Sedbury Evangelical Church the managing trustees consist of Elder and Deacons who have been appointed by Elders and Deacons. The managing Trustees are responsible for making decisions on all matters of general concern and importance to the Church, including deciding how the funds are to be spent.
The Elder retains spiritual oversight of the Church in accordance with Church rules.
The managing Trustees meet no less than 4 times a year.
AIM AND PURPOSE
Sedbury Evangelical Church exists to advance the Christian faith primarily but not exclusively within Sedbury, Chepstow and surrounding neighbourhood and to undertake such other charitable purposes that shall in the opinion of the charity trustees put into practice the Christian faith.
REPORT OF TRUSTEES CONTINUED
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SEDBURY EVANGELICAL CHURCH
OBJECTIVES AND ACTIVITIES
Sedbury Evangelical Church is a Bible -centred family Church looking to serve people. We believe that Jesus is the son of God and that His death and resurrection are good news to everyone who believes in Him. We aim to live out our faith in Christ in the community around us and we welcome as many people as possible to join us in any of our regular services and activities, regardless of belief or background.
The Church has considered the Commission guidance on public benefit and in particular, the specific guidance on charities for the advancement of religion. We try to enable ordinary people to live out their faith as part of the community through:
Worship and prayer, learning about the Gospel; and developing their knowledge and trust in Jesus.
Provision of pastoral care for people living in the local community. Missionary and outreach work.
ACHIEVEMENT AND PERFORMANCE
2023 has been an encouraging year. We have welcomed a number of visitors at services and have been blessed by the support and ministry of Caerwent Baptist Church along with the many others who faithfully come throughout the year to minister God’s word.
As Trustees we give thanks to God for this encouragement and His faithfulness.
Charitable activities
The Trustees confirm that they have had regard to the guidance on public benefit published by the Charity Commission. The main achievements of the charity during the year were:
Worship and Prayer
Sedbury Evangelical Church has continued to offer services during the week and over the course of the year that our community find both beneficial and spiritually uplifting. Our services provide the opportunity to hear a message from the Bible in a way that is inspiring and encouraging. The Church is very well supported by the Elder and visiting speakers from local Churches.
At various times throughout the year, the Church meet together over a shared meal and invite others from the community to join.
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SEDBURY EVANGELICAL CHURCH
The Church places an important emphasis on Prayer and holds regular prayer meetings on a Wednesday evening.
Mission and Evangelism
The activities identified above would also form part of our evangelism strategy. We have held special services at Harvest and Christmas and to celebrate the anniversary of the Church being formed. In addition the Church makes grants to other Christian Charities which are advancing the Christian faith.
Outside relationships
The Church is a member of the FIEC and adopts the FIEC Basis of faith as its own.
Volunteers
We would like to thank all the volunteers who have worked on behalf of the Church.
Financial Review
During 2023 we have seen an increase in our funds through increased donations. We acknowledge God’s blessing to us through the generous giving of our members and those attending.
Reserves policy
Sedbury Evangelical Church does not hold a reserves policy
Principal funding sources
The charity is wholly dependent on the generosity of individuals and associated Gift Aid to continue its work.
ON BEHALF OF THE BOARD OF TRUSTEES
Signed Jane Samuel, Trustee
Date:
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SEDBURY EVANGELICAL CHURCH
STATEMENT OF RECEIPTS AND PAYMENTS For the year end 31 December 2023
| Unrestricted | Unrestricted | Restricted 2023 Total | Restricted 2023 Total | ||
|---|---|---|---|---|---|
| 2022 | Total | ||||
| Funds | Funds | Funds | |||
| Funds | |||||
| £ | £ | £ | £ | ||
| Receipts | |||||
| Voluntary Income | 4353 | - | 4353 | ||
| 7799 | |||||
| Gift Aid and | tax recovered | 10743 | - | 10743 | |
| 8049 | |||||
| Other Income | 183 | - | 183 | ||
| 183 | |||||
| Sub Total | 15279 | - | 15279 | ||
| 16237 | |||||
| Payments | |||||
| Charitable | activities | ||||
| Ministry | 6435 | - | 6435 | ||
| 6040 | |||||
| Mission | 1940 | - | 1940 | ||
| 2127 | |||||
| Buildings | 1873 | - | 1872 | ||
| 1898 | |||||
| Utilities | 1518 | - | 1518 | ||
| 1090 | |||||
| Outreach | 278 | - | 278 | ||
| 256 | |||||
| Other expenses | 3624 | - | 3624 | ||
| 3874 | |||||
| _____ | _____ | ______ | |||
| ______ | |||||
| Total Payments | 15668 | 15668 | |||
| 15285 | |||||
| ______ | _____ | ______ | |||
| ______ | |||||
| NET RECEIPT PAYMENTS | -389 | 0 | -389 | ||
| 952 |
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SEDBURY EVANGELICAL CHURCH
Total funds brought forward 10088
7200
2500
9700
STATEMENT OF ASSESTS AND LIABILITIES At 31 December 2023
| STATEMENT OF ASSESTS AND LIABILITIES At 31 December 2023 |
STATEMENT OF ASSESTS AND LIABILITIES At 31 December 2023 |
|
|---|---|---|
| Unrestricted | Restricted | |
| 2023 Total | ||
| Funds | Funds | |
| Funds | ||
| £ | £ | £ |
| Current Assets | ||
| Cash Nat West Current Account | 3511 | 0 |
| 3511 | ||
| Cash NatWest Business | ||
| Reserve Account | 3688 | 2500 |
| 6188 | ||
| _________ | ||
| NET ASSETS | 7200 | 2500 |
| 9700 | ||
| Funds | ||
| Unrestricted Funds | ||
| 7200 | ||
| Restricted Funds | ||
| 2500 | ||
| ______ | ||
| TOTAL FUNDS | ||
| 9700 | ||
| _ | ||
| OTHER ASSETS | 0 |
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SEDBURY EVANGELICAL CHURCH
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TOTAL 0
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Utilities 0
TOTAL 0
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This financial statements were approved by the board of Trustees on And were signed by
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…………………………………………………………
Date…………………………………………………..
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Mr Leslie J Weller
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SEDBURY EVANGELICAL CHURCH io