South Street Free Church Re istered Charl Number 1182375 Annual Re ort and Flnanclal Statements aar ende June Caladine Chorl8r•d C•rtilied Ac¢OLffilants
South Street Froo Church For the ear ended 30 June 2024 CONTENT chUh Infonnation Trustees Report Independent Examiners Report RKeipts & Payments Aw)unt Statsment ol A888ts and Liabilit4es Notes to the Flnanclal Statements
South Street Free Church For the ear ended 30 June 2024 Pa CHURCH INFORMATION Davld Batchelor (Chairl Anthony Thompson Rachel Wells Bruce Elkington Reslgned 31 March 2024 pointed 4 August 2024 Charl 1182375 South Street Free Church 21 South Street Eastboume BN214UP Inde •nd•nt Examlnor Colin Dadswell FCA FCCA DChA Caladine Llmited Chartered Certified Accountants Chantry House 22 Upperton Road Eastboume East Sussax BN21 1BF
South Street Free Church Forthe eaTOndgd 30 June 2024 e2A Re ort ofthe rustees The trustees have pleasu in presenting their annual report and accoijnts for the year ended 30 June 2024. Obj¢¢tiv•s and activltle$ The objectives ol the CIO are lo advance the Christian faith in accordance with the statement of beliets primarily Ibul not exclusively) in Eastbourne. Structur•* goveman¢e •nd management South Street Free Church is a CIO governed by its Constitution registered with the Charity Commission on the 7 March 2019. The trustees who served during the year were.. David Batchelor (Chairl Anthony Thompson Rachel Wells (resigned 31 March 20241 The Church Is run by the trustees. New trustees are 8ppointed from the elders and dean$ of the Church, in accordance wrth section 15 of our Constiluts'on. R•vlow of Actlvftl89 This year our church has continued its regular ministry of public worship on Sundays, morning & evening, continuing to live stream this online auoss the who18 year. Up to the end of March, Davld Knight continued to work full-time as Evangellst, and his activities Included running the weekly Tuesday moming study group that used resources provided free-of-charge from Ligonier Ministries (both regular church allendees and outsiders frequently came along to these limes and benelitted from Iheml, running 8 Christian chaplaincy at the Stage¢oa¢h employees, base, taking school assemblies in the Haven Pnmary School, running the Friday evening Football club (much enjoyed by both Christians and non-chrisliansl. and keeplng our fre8-resource8 tsble in the foyer well-slocked for visitors and 9larS lo benefit from. Our church's women's group Iwhlch since February has been naMed lo Refresh) which is open lo women both who are regular church attendees and those who are not, has mel 7 limes across the year, and been an encouragement and benefit to those that have attended, on themes such as keeplng your balance. and hope amidst anxiety. During this year the pastor look a 3-month sabbatical (August lo October Inclusivèl which was 8 very helpful time for him and Elaine to Tefresh and recha¥ge. During that time they visited the Popileascos Ithe missionary family that our church supports in Moldoval, hopefully encouraging them and seeing their srtuation first-hand. Shortly after this visf(. the Popilea0 family visited us in EastboLFrne for a couple of weeks from the end of January into early February. Apart from David & Elaine's visit lo Moldova, this was the first lime the church met Vasilii and their daughter Damaris land, for some in the church, the first time they met Ewelinal. During the year we wnts'nued our monthly Zoom prayer times for the Popileascos to joln us from Moldova, and expanded il lo include pastors regularly joining us, one of 8 church in Comwall and the other of a church in India. whom we seek to support in prayer. We have also continued our weekly Tuesday-evening prayer meeting, in which we pray both for our own needs as a church and for the needs of others, locally and internationally.
South Street Free Church For the ear ended 30 June 2024 Pa e2B Re ort of the Trustees continued Revlew of Activities (¢ontlnuedl OLJr outreach to the community with the Good News of Jesus has Continued weekty throughout the year, and also included PartUlar focussed campaigns during the town's Airbourne Mr Show in August and the Little Christmas street event in early DeMber. Monthly services at local care homes have continued across the year. aiming to take the Good News of salvats'on through Jesus Christ to their eldety residents, The ¢hurch has continued running its annual 'Shoe Bags, project, in whh it prepares and sends pa¢kages of Christmas gifts tr) children in Sierra Leone who would otherwise receiv8 no Christmas Presents. We have also continued our regular support of the Beachy Head Chaplaincy Team (who seek to prevent sulcides at Beachy Headl, the SierTa Leone Mission, PARCHE (who cooidinate leams tsking Christian services in Ea$lbourne's care homes), SASRA {who seek to mirsister the Christian Good News amongst the armed forces), Care Sri Lanka. the Slavic Gospel Association Iwho work in Eastern Europe, Central Asia and Far East RLtssial. and th8 Bainabas Fund {who support persecuted Christians across the world). In summary, we thank the God and Falhef of our Lord and Saviour, Jesus Christ, for all that He has enabled us to do in His service over the course of this year. We trust In Him, and seek to please Him depending on His Splril, and we look lo Him to provide for us to continue lo do His work over the coming year. May Christ's name b8 honoured and glorifd through u$. Publlc benofit The trustees have paid due regard to th8 guidance issued by the Chanty Commi5slon in deciding what activities the Church should undertake. Fln•nclal rnvlgw These financial statements have been prepared on a receipts and payments basls. There was a net deficit on fvnds for the year of £18,525 12023.deflclt of £23,246) leaving a balance on cash funds of £30,853 al 30 June 202412023.. £49.378). The Church has a reseNe policy of ensuring at least three months of annual expenditure is held in reserve, in order for the church lo be able to meet its financial commitments to its paid employees li.e. Its pastor and its evangelist. though the latter has now finished his employment at the church as of the end of March 20241. Rlsk Managem•nt The trustees continually consider the major risks to which the Church is exposed, and are sali5fied that systems are in place to mitigate exposure to these nsks. On behalf of the TN8tees David Batchelor Pastor Date.. 'ioL
South Street Free Church Forthe ear ended 30 Jun¢ 2024 Inde ndenl Examinorfs Re ortto h Trustees of South Stroet Free ChurGh CIO I rel to the trustees of the church on my examinatlon of the accounts of South Street Free Church {'the CIO,) for the period ended 30 June 2024. R•spoMlbllftl¢$ and basls of report As the charity trustee8 of the CIO you are responsible for th8 preparation of the accounts in accordance with the requirnents of the Charities A¢t 2011 {'Ihe Act'i. I report In respect of my examination of the CIO'S accounts carried out under section 145 of the Act. In carrylng out my examination I have followed all applicable Directions given by the Charity Commission under section 14515)Ibl of the 2011 A. Indopendent examln•r'8 $tatem•nt I have completed my examination. I confim that no material matters have come to my attenllon in connection with the examinats'on giving me cause lo believe that in any malerial re$p8ct'. 111 accounting records were not kept in re8P8cI of the CIO as required by section 130 of the Act.. or 121 the accounts do not accord with those recoids. I have no conc&rns and have come across no other matters in cnnneclion with the examinafjon to which attention should drawn In this report in order to enable a proper understanding of the accounts to be reached. Colln Dadswell FCA FCCA DChA Caladine Limited Chartered Certified Accountants Chantry House, 22 Upperton Road Easlbourne, 8N21 1 BF Dale. 13lq1102
South Street Free Church For the ear ended 30 June 2024 Pa Recei tsaTrdPa ments Accoun Unrestrict8d Reslrlcted Funds Funds Total Unrestrlcted Re8trfcted 2024 Funds Funds Totsl 2023 Recel Gifts and donations Gift Ald repayments Grants Interest received 48.114 8,023 21.224 3,296 69,338 11.319 47.641 8.520 20,408 3,601 68,049 12,121 795 795 557 557 Total ro¢olp 56,932 24.520 81,452 56,718 24,009 80,727 Pa ments Missionary Fund Tith8 GiftslGrants Training Salaries and wages Pension corslribulions Ministerial pulpit suppli88 Conferenc8 costs Travel expenses Subsistence costs Heat & Light WalerS&W Insurances Caretaking and cleanlng Building repairs & maintenance Stationery TelephonelFaxlEmall Website and IT costs Publicity costs Missionary and evangelism Equipment purchases & repaifs Catering costs Sunday Schoollyouth Work Miscellaneous Accountancy Bank charges 5,898 3,830 5,898 3,786 30 53,130 4,077 3,663 715 80 110 6,790 295 1,363 1,560 3,089 5,442 1,296 5,442 1,6C6 210 53,526 8,168 1,265 985 156 30 34,050 3,358 3,663 715 80 310 210 30,884 6.114 1,265 985 19,080 719 22,642 2,OS4 110 100 100 4,981 6,790 295 1,363 1,560 2.427 4,981 1,313 1.636 8,131 110 630 811 30 1,761 1,313 1.636 8.131 110 711 811 30 12.025 689 912 33 336 1,424 261 689 912 33 9,803 1,424 261 81 9.487 10,264 269 289 1,135 936 156 42 1,177 936 156 489 912 79 230 719 912 79 Totsl payments 60,369 39.608 99,977 61,864 42,109 103,973 Net receiptsl{paymentsl 13,437} 115.0881 {18,525} (5,146) (18,1001 123,2461 Cash funds at 1 July 2023 25,540 23,838 49,378 30,686 41.938 72,624 Cash funds at 30 June 2024 22.103 8.750 30,853 25,540 23,838 49,378
South Street Free Chur As at 30 Jun 2024 ststement of Assets and Liabilltl¢s 2023 CAF Current Account 00011621 8.134 10.761 CAF Dewsit Account 00088691 22,719 38,617 30,853 49.378 ther moneta assots Gift Aid lax reclaim d 5,022 5,784 n moneta a890 Freehold Property - 21 South Street Held by The Countess of Huntingdon Connexion Fixtures and Equlpment (At In8UTance Valuallonl 27.773 27,773 iabilltle PAYE and Pension Creditors 738 778 Indepen¢Jenl Examination Fee 936 1.722 1.714 Approved by the Trustee5 on I bloA | I and slgned on its behalf by Davld Batchelor Pastor
south Street Fr•0 Church Forthe ear ended 30 June 2024 ote8 to the FIn¢la1 Slatements 1 Accountin Pollcle$ The Financial Ststements have been prepared on a receipts and payments basis in arxordan¢e th Section 133 of the Charities Act 2011. Unrestri¢ted funds are 8vaIlab for use at the discretion of the trustees in futherance of their charitable objectives, unless the funds have been designated for other purposes. Restricted funds a subject to speciflc Gondltions by donors as to how they may be used. 3 Tru5tO Donations from trustees, and Fersons connected to thèm. wer8 £15.010 during the year12023.' £14,471). David Balchelor received a salary of £34,157 {2023'. £30,833) and pension contributions of £3,35812023'. £6,114). in his role as Pastor of the Church. 4 R¢lat8d Pa Transactlon Relatives of trustee David Balchelor received payments for caretaking and cleaning during the year. J Balchelor £Nil {2023 £8001 and G Batchelor received £1,560 {2023.' £7901. Movement In funds Payrn•n¢• B•lan It 30 Jun• 2023 Bal•ne• •t 1 Jyty 2022 R•cdpts R•c•lpts Paymonts Bal•nM at 30 Jun• 2024 Missionary rithe MEF Shoe Bags SLM Other Ewelina Social 80 1,097 33,828 610 810 341 3,419 1,7S5 41,938 410 5,713 6,210 975 2,601 480 7,400 240 24.009 {490) 15.4421 124,6961 {7141 11,9561 {2301 18,4001 181 385 6,096 5.451 757 3,846 325 7,380 280 11351 {5,898} (20,009) {1,067) (3,235} 1692) {8,400} 172 250 1,566 782 561 2,066 204 1,399 1,922 1.368 15,340 871 1,455 571 2,419 1,814 M1881onary Fund - donatlons for various Missbnary causes. the Fund - one tenth of G8neral fund offerings to be given away lo worthwhile caus8S. Mini81ry Expanslon Fund IIAEF)- to empkjy an evangelist. Shoe Bags - a fvnd to send shoe bags with toys and dothing to Sierra Leone each year. Slerra Leone Misslon ISLM) - missionary work of the Countess of Huntingdon Connexion. other- this fund relates lo special offerings. Ewglina - to fvrKI the support of a Church Missionary worker. Social - used lo support peop18 come lo the Church seeking food or other supporL