South Street Free Church Re istered Charil Number 1182375 Annual Re orl and Financial Statemenls For the ear ended 30 June 2023 Caladine Charlered certifi￿ Account(Jn15 South Street Free Church r ended un 20 CONTENTS Church Information Trustees Report Independent Examiners Report Receipts & Payments Account Statement ol Assets and Liabilities Notes to the Financial Slalements South Street Free Church r ended un Pa 20 CHURCH INFORMATION Trustees David Batchelor (Chairl Anthony Thompson Rachel Wells Charit number 1182375 Address South Street Free Church 21 South Street Eastbourne BN214UP Inde ndent Examiner Colin Dadswell FCA FCCA DChA Caladine Limited Chartered Certified Awounlanls Chantry House 22 Upperton Road Eastbourne East Sussex BN21 1 BF South Street Free Church ear Pa e2A Re ort of the trustee$ The trustees have pleasure in presenting their annual report and accounts lor the year ended 30 June 2023. Obje¢tlve$ and aetlvities The objectives of the CIO are to advance the Christian faith in accordance wth the statement of beliefs primarily (but not exclusively) in Easlbourne. Structure, governance and management South Street Free Church is a CIO governed by ils Constitution registered with the Charity Commission on the 7 March 2019. The trustees who served during the year were.. David Balchelor Ichairl Anthony Thompson Bruce Elkington (resigned 14 September 20221 Rachel Wells The Church is run by the Iruslees. New trustees are appointed from the elders and deacons of the Church, in accordance with section 15 01 our Constitution. Revlew of Activitie$ This year our church has continued ils regular ministry of public worship on Sundays, morning & evening, continuing lo live stream this online across the whole year. On a Sunday we continue to welcome new guests almost every week across a diverse age group. We have prepared ourselves to best serve our visitors by reviewing our creche facilities as well as introducing a working hearing loop. Our online presence has continued to grow during this period resulting in us now having 500+ subscribers on YouTube which has enabled us lo broadcast our church services and discipleship videos to 67,000. These are typically people that are unable to be wth us in person lor various reasons and lo people all across the world. We have continued lo provide a mid week morning Bible study group utilising the resources provided for free from Ligonier Ministries. Over the reporting 12 months we have studied various important topics including The basics of the Christian faith, Assurance, Union with Christ and a study of The Holy Spirit. This group has grown from 6 people to 14+ on a regular basis. During this period we have also developed a regular Women's Bible study which is an invitational event and has received great feedback. Our full time evangelist has Continued lo provide opportunities lor the church to be involved in planned outreach events. Every week we spend lime handing out Iracls and engaging in Conversations at the Railway station and al bankers corner as well as planned events at other locations and events on an adhoc basis such as the Coronation ol the King in London and al Eastbourne Airbourne and the Christmas little Chelsea events. Our evangelist is the chaplain lor Stagecoach Ilocal bus company) with 400 employees which includes regular visits and support as and when requested. We have continued lo provide Bible studies and pastoral support lor all whom have a need when requested. South Street Free Church ear Pa e2B Re ort of the Trustee$ continued Review of Activities (continued) We also have a well stocked resources table where we provide free biblical resources lo anyone that wishes lo take one. Our church have created a football team with regular training on a Friday evening. This has created a mixed group of both Christians and non Christians lo develop friendships and lo keep healthy. Mid-week prayer meetings Continued throughout the year. In February we adjusted our weekly prayer meetings so that the first meeting ol the month would be held on Zoom, so that Ewelina and Vasilii can join us from Moldova this has proved successful and been appreciated. The church supports Ewelina and Vasilii (now blessed with daughter Damaris) in ils aim lo advance the Christian faith beyond Eastbourne. We have also Continued our regular support ol the Beachy Head Chaplaincy Team Iwho seek to prevent suicides), the Sierra Leone Mission, PARCHE (who coordinate teams taking Christian services in Eastboume's care homes), SASRA Iwho seek to minister the Christian Good News amongst the armed forces), Care Sri Lanka, the Slavic Gospel Association (who work in Eastern Europe, Central Asia and Far East Russial, and the Barnabas Fund (who support persecuted Christians across the worldl. We thank our God and Saviour lor manifestly having His good hand on us, and we look lo Him to continue to do so and pour out His Holy Spirit in even greater measure on us and through us-lo His glory and the glory ol Jesus Christ His Son. Publlc beneflt The trustees have paid due regard lo the guidance issued by the Charity Commission in deciding what activities the Church should undertake. Flnan¢lal revlew These financial statements have been prepared on a receipts and payments basis. There was a nel delicil on funds for the year of £23,246 12022.'surplus of £20,003) leaving a balance on cash funds ol £49,378 at 30 June 202312022.. £72,624). The Church has a reserve policy ol ensuring at least three months of annual expenditure is held in reserve, in order lor the church to be able to meet its financial commitments to ils two paid employees li.e. ils pastor and its evangelist). Rlsk Management The Iruslees continually consider the major risks lo which the Church is exposed, and are satisfied that systems are in place lo mitigate exposure to these risks. On behalf ol the Trustees TonyThompson Elder Dale: Z&23 South Street Free Church For the ear ended 30 June 2023 In Ex min re Fre I report to the trustees of the church on my examination ol the accounts ol South Street Free Church I'lhe CIO.) for the period ended 30 June 2023. Re$pon$lbllitie$ and bas1$ of report As the charity Iruslees ol the CIO you are responsible for the preparation ol the accounts in accordance with the requirements of the Charities Act 20111'the Act'}. report in respect ol my examination ol the CIO'S accounts carried out under section 145 01 the Act. In carrwng out my examination I have followed all applicable Directions given by the Charity Commission under section 14515llbl ol the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause lo believe that in any material respect= 111 accounting records were not kept in resp￿1 of the CIO as required by s￿lI0n 130 01 the Act., or 121 the accounts do not aword with those records. I have no concerns and have come across no other mallers in connection with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached. Colin Dadswell FCA FCCA DChA Caladine Limited Chartered Certified Accountants Chantry House, 22 Upperton Road Eastbourne, BN21 1 BF Dale.. South Street Free Church For the ear ended 30 June 2023 Recei t$ and Pa ment$ Ac¢ount Unrestricted Restricted Fund$ Fund$ Total un￿strICted Restricted 2023 Funds Funds Total 2022 Recei Gifts and donations Gift Aid tax repayments Grants Interest received 47,641 8,520 20,408 3,601 68,049 12,121 42,066 9,603 45,365 9,108 87,431 18,711 557 557 33 33 Totsl re¢elpts 56,718 24,009 80,727 51,702 54,473 106,175 Pa men Missionary Fund Tithe GiftslGranls Training Salaries and wages Pension Contributions Ministerial pulpit supplies Conference costs Subsistence costs Heal & Light WalerS&W Insurances Caretaking and cleaning Building repairs & maintenance Stationery TelephonelFaxlEmail Website and IT Costs Publicity Costs Missionary and evangelism Equipment purchases & repairs Catering Costs Sunday Schoollyouth Work Miscellaneous Accountancy Bank Charges 5,442 1,296 5,442 1,606 210 53,526 8,168 1,265 985 100 4,981 84 1,313 1,636 8,131 110 711 811 30 12,025 860 269 5,964 5,964 310 210 30,884 6,114 1,265 985 22,642 2,054 29,124 6,025 1,677 830 14,567 1,140 43,691 7,165 1,677 830 3,300 2.241 35 1,145 1.535 551 100 3,300 4,981 84 1,313 1,636 8,131 110 630 811 30 1,761 860 269 2,241 35 1,145 1,535 551 81 601 775 50 3,022 565 295 90 691 775 50 13,338 565 295 10,264 10,316 489 912 79 230 719 912 79 244 864 113 1,103 1.347 864 113 Totsl payment$ 61,864 42,109 103,973 49,692 36,480 86,172 Nel receiplsllpaymenlsl 15,1461 118,1001 123,2461 2,010 17,993 20,003 Cash funds al 1 July 2022 30,686 41,938 72,624 28,676 23,945 52,621 Cash funds at 30 June 2023 25,540 23,838 49,378 30,686 41,938 72,624 South Street Free Church un 2022 Pa Statement of As$ets and Liabilitle$ Cash fund$ 2023 2022 CAF Current Account 00011621 10,761 38,617 24,474 48,150 CAF Deposit Account 00088691 49,378 72,624 Other moneta as$et$ Gill Aid tax reclaim due 5,764 5,092 Non monetar a$sets Freehold Propety - 21 South Street Held by The Countess of Huntingdon Connexion Fixtures and Equipment IAI Insurance Valualionl 27,773 27,773 Liabili Creditors 778 Independent Examination Fee 936 912 Approved by the Trustees on £opF Zp23 and signed on ils behalf by Tony Thompson Elder South Street Free Church Pa No es he Financial S atement 1 Ae ountin Polici The Financial Statements have been prepared on a receipts and payments basis in accordance with Section 133 01 the Charities Act 2011. 2 Funds Unrestricted funds are available for use al the discretion ol the Iruslees in furtherance of their charitable objectives, unless the funds have been designated lor other purposes. Restricted funds are subject lo specific conditions by donors as to how they may be used. 3 Trustees Donations from trustees, and persons COnn￿led lo them, were £14,471 during the year12022.. £17,694). David Batchelor received a salary of £30,83312022.. £29,902) and pension contributions of £6,11412022.. £6,024), in his role as Pastor of the Church. 4 Related Part Transaetion$ Beachy Head Chaplaincy Trust, ol which trustee Bruce Elkinglon is also a trustee, received tithes of £907 12022.. £9941 during the year. Relatives of Iruslee David Batchelor received payments lor caretaking and Cleaning during the year. J Balchelor received £80012022.. £7361 and G Balchelor received £79012022.. £841. 5 Re$trieted Funds Movement in funds Payments Balance at Balance at Recelpts Recelpts Payments Balance at 1 June 2021 31 July 2022 31 July 2023 Missionary Tithe MEF Shoe Bags SLM Other Ewelina Social 80 5,665 29,526 760 2,015 1,035 11,740 3,652 54,473 80 1,097 33,826 610 810 341 3,419 1,755 41,938 410 5,713 6,210 975 2,601 460 7,400 240 24,009 14901 15,4421 124,6961 17141 11,9561 12301 18,4001 181 42,109 1,396 20,307 561 15,9641 116,0071 17111 11,2051 17951 18,4001 3,398 36,480 1,368 15,340 871 1,455 571 2,419 1,814 23,838 101 79 1,501 23,945 Ml$$lonary Fund - donations lor various Missionary causes. Tlthe Fund - one tenth ol General fund ollerings lo be given away to worthwhile Causes. Mlnl$try Expan$lon Fund (MEFI - to employ an evangelist. Shoe Bags- a fund lo send shoe bags with toys and clothing lo Sierra Leone each year. Slerra Leone Mi$$lon ISLM) - missionary work of the Countess of Hunlingdon Connexion. Other - this fund relates lo special ollerings. Ewellna - to fund the support ol a Church Missionary worker. Soelal - used lo support people who come lo the Church seeking food or other support.