ABBEY CHURCH CIO TRUSTEES, ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2024 Registered Charity Number: 1184604 ABBEY CHURCH CIO FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2024 CONTENTS PAGE Reference and administration details Structure, Govemance & Management Objectives and Adivities Achievements and Performance 34 Financial Review 5-6 Statement of Trustees Responsibilities Independent Examiner's Report Statement of Financial Activities Balance Sheet 10 Notes to the Financial Statements 11-16 ABBEY CHURCH CIO REFERENCE AND ADMINISTRATIVE INFORMATION YEAR ENDED 31 AUGUST 2024 Status Abbey Church CIO is a Registered Charity, No 1184604 having been registered on 25 July 2019 as a Charitable Incorporated Organisation,. it is governed by its Constitution dated 19 June 2019. Previous to 25 July 2019 Abbey Church was part of a Charitable Company, Hillview Evangelical Church Icharity Number 1115938,. Company Registration Number 58991781 having been a church plant by Hillview Church in September 1999. Initially it was part of the then Hillview Evangelical Church Trust before Incorporation on 29 August 2006. The Trustees are pleased to present this report and annual accounts for the reporting period of the Charity from 1 September 2023 to 31 August 2024. The report includes the information required by the Charity SORP FRS102 as a Charity registered in England and Wales. Trustees The Trustees who served during the year and since the year end were as follows.. Patricia Murphy Mark Bashford Andrew Conlan David Wallace Kenneth Hawkins Graham Dancy Alan Rogers Chair of Trustees also Elder of Abbey Church also Elder of Abbey Church also Elder of Abbey ChurGh [PT ChurGh Leaderj appointed 16 July 2024 Charity's principal address 23 Speedwell Close Abbeydale Gloucester GL4 4GQ Agents and Advisors Independent examiner.. Joshua Kingston BSC. ACA, Burton Sweet Limited Chartered Accountanls,The Clock Tower, 5 Farleigh Court, Old Weston Road, Flax Bourton, Bristol, BS48 1 UR Bankers.. CAF Bank Ltd, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 4JQ SoliGltors.' Ellis-Fermor & Negus Limited, 2 Devonshire Ave, Beeston, Nottingham, NG9 1 BS ABBEY CHURCH CIO TRUSTEES ANNUAL REPORT YEAR ENDED 31 AUGUST 2024 STRUCTURE, GOVERNANCE & MANAGEMENT Organisational Structure The year ComMen￿d with the Board of Trustees being six personnel in total. Towards the end of the year this was increased by one with the appointment of Alan Rogers on 16 July 2024 as stated on page 1. The day-towday management and leadership ofAbbey Church is delegated to a team of four Elders who are responsible for providing the leadership to the Church in seeking to achieve the aims of the Charity. Three of these Elders are also trustees. During the year the Trustees met three times 13 - Ordinary General Meetingsl to oversee key aspects of the Charity's operation,. there was also the AGM. Minutes are kept of all meetings of Trustees. The Church is structured to operate within Ministry Teams to develop, plan and fulfil its programme of activities and events in seeking to achieve the aims and objects of the Charity. These are the Sunday Team, Neighbourhood Team, World Vision Team, Pastoral Care Team and Community Groups Team. The Church is led by a team of four Elders who oversee the work ofthe Church, two ofthese Elders are employed Part Time, allowing the Teaching, Discipleship and Pastoral work of the church to be resourced appropriately. Finally, there is also a Finance Team responsible for the financial controls of the activities of the Church. It produces regular management accounts for the Charity and reports to the Trustees at their meetings concerning all financial aspects of the operation of the Charity. The Finance Team also proposes the annual budgel following consultation with the leadership of the Church, and it is then approved by Trustees. The team maintains close supervision of the income and expenditure account, as well as capital expenditure items. Appointment of Trustees Trustees are normally recruited from persons known to the Trustees. Prior to appointment, potential Trustees are given opportunity to attend a Trustees, meeting to observe the working of the charity, along with opportunities to discuss their potential involvement more fully. The charity provides every Trustee with an induction pack, which details their legal responsibilities and provides key policies. Networks and other relationships Abbey Church has links with national organisations such as Christian COn￿rn, CAP Ichristians Against Povertyl, Counties UK INeighbourhood Chaplainsl, Association of Christian Counsellors, Partnership UK, as well as with international relief agencies, such as Tearfund, Samaritan's Purse, and Open Doors. Abbey Church also works locally with other churches, schools and groups in the community. ABBEY CHURCH CIO TRUSTEES ANNUAL REPORT YEAR ENDED 31 AUGUST 2024 Risk Management Trustees aim to maintain a clear understanding of risks, with regular review of policies to ensure these are in line with appropriate standards and legislation. Procedures and policies are pul in place to mitigate risks, these include policies for Conflicts of Interest, Safeguarding, Anti Bribery and Corruption, Ethos Statement, Data Protection, Diversity and Equality, Health and Safety, Finance and Reserves. staff and volunteers are given clear guidance and training for Safeguarding, this includes level 2 training for Safeguarding of Children and Vulnerable Adults, delivered and monitored using an online training and assessment tool. Recruitment of both volunteers and staff are subject to DBS checks where appropriate and all those in roles where safeguarding is a concern have confirmed that they have read and understood our Safeguarding Policies. Our Safeguarding lead has also maintained level 3 training and the charity is supported by Thirtyone.. Eight for Safeguarding guidan￿ and DBS checking. Trustees have also sought to ensure that their Data Protection duties under GDPR are being properly discharged. They also confirm that they have referred to the guidance contained in the Charity Commission's guidelines on public benefit when reviewing the Charity's aims and objects and in planning future activities. OBJECTIVES AND ACTIVITIES The object of Abbey Church CIO is to advance the Christian faith, according to the statement of beliefs and practi￿$ of Abbey Church for the public benefit in GIOU￿ster and in such other parts of the United Kingdom or the world as the charity Trustees think fit. Abbey Church CIO is a registered charity that oversees the work of Abbey Church, first established in 1999. Between then and the formation of Abbey Church CIO, the charity came under the governance ofthe Charity Company "Hillview Evangelical Church. IHECCol. The aclivities of the Charily have the broad aims of seeking lo contribute, as appropriate, to Ihe spiritual, physical, social and educational needs of the Abbey Church community, focused on the communities ofAbbeymead and Abbeydale in the city of Gloucester. These aim to cater for all age groups from Parent and Toddlers to Senior Citizens. Through its mission support programmes it also seeks to further its objects beyond the immediate communities where Abbey Church operates to other parts of the UK and overseas. Examples of the current work can be seen on the website www.abbeychurch.net and on our Facebook page. Each of the ministries of the Church are reviewed regularly to ensure the ServI￿S and activities are effective in connecting with our community. We continue to grow both in new people attending, particularly at the Sunday morning servi￿, as well as in the development of Church members., training up and developing church members to serve in a greater way. ABBEY CHURCH CIO TRUSTEES ANNUAL REPORT YEAR ENDED 31 AUGUST 2024 Typically, there are in the region of 100 adults, children and young people at Abbey Church in a Sunday service. As with any church of the type of Abbey, the viability and sustainability of their programmes is almost entirely dependent upon members who give voluntarily and consistently of their time. The wide range of gifts and abilities available combine to produce a volunteer workforce that is effective in contributing to the life of the church, enabling it to achieve the Objects of the Charity. We are extremely grateful to all those who are involved in the church in that way. It is estimated that the value of their contribution in 2023-24, if employed, would have been in the order of £165,000 based on the national minimum wage. ACHIEVEMENTS AND PERFORMANCE The use of local halls, including Heron School a primary school within Abbeydale and Abbeydale Community Centre, allows the Church both to meet on Sunday and host other events for Children, families and youth and adults. Every week during term time the church runs Abbey Tots (mother and toddler group) and Abbey Baby Club (support for new mums). Average attendance is 35 a week with 45 on the register and both groups support mum's and carers of babies and toddlers in our community. We also run our children's 6..15 Club which involves games, sport, crafts and a Bible story and allows us the opportunity to teach children from the neighbourhood Christian values and biblical principles. 6..15 Club have 53 on the register and regular attendance is 10-15 children per week. These groups serve as an outreach to families in the area and allow us opportunities to engage with, and support families that would otherwise never conned with Church. Neighbourhood Chaplains run by Abbey Church regularly engage with the community through the HAF (Holiday, Activities and Food) programme to offer food and activities for families during the school holidays. These reached 80 people at Christmas, 70 at Easter and over a 100 during the summer. Neighbourhood Chaplains also support 2-3 individuals through recommendations from a GP'S office and support local asylum seekers who have been granted leave lo remain with monthly coffee momings at Wheatridge Court, a centre in the community. Outreach to the community also involves periodic events such as a Ladies Christmas craft evening which was attended by 30 ladies and other social events including a men's age football kickaboul every Friday and meals which men are invited to. All age Christmas, Easter and Harvest ServI￿S were well attended with visitors from the community, particularly the Carols by Candlelight. There are many opportunities within the church for growing in faith and engaging in service (as our website makes clear). Alongside Sunday morning and evening services, there are also five Community Groups that meet midweek, a bi-weekly ladies Bible study and a men's monthly Bible study. All ages are catered for with Bible teaching in church from primary school age up to 18 having their own age-appropriate teaching at Sunday services and a creche caters for babies and toddlers so that parents can engage with the service fully on a Sunday. The church aims to run a variety of specialist 'short courses, each year such as Christianity Explored, which enable the Christian faith to be explained in depth via small group sessions. This year two baptism services were held after running our Baptism course. Abbey Church continued its collaboration with Hillview Church to run a ABBEY CHURCH CIO TRUSTEES ANNUAL REPORT YEAR ENDED 31 AUGUST 2024 series of meetings in person and via Zoom under the title of 'Life Matters,, which explore a wide range of issues relating to the impact of Christianity on society. Pastoral support is provided by the church particularly for key moments such as those suffering health concerns and bereavement, and those going through key life changes such as marriage and the birth of children. The church aims to meet people at their point of need, whether spiritual, physical or emotional. The nature of care includes practical help, spiritual and emotional support, and visiting the sick and elderly at home or in carelhospital, including sharing communion with them if requested. Training relevant to the ministry in which people serve le.g. Children, Youth, Pastoral care, Leadership etc.) is provided either through in-house courses tailored to specific needs, or by people attending training arranged by specialist organisations. The church has procedures in place to ensure that any member serving in a role that requires vetting has a valid DBS certificate. The trustees review the safeguarding policy annually and ensure training in relevant procedures takes place. Our commitment to mission locally and globally is facilitated by our World Vision Team that keeps us in touch with several different missionaries around the world and different Christian organisations. Approximately 1 Ooh of the budget is allocated lo support Christian mission around the world, and last year £10,000 was given towards this. Abbey Church is committed to partnering with other likeminded churches and organisations and currently supports Gloucester City Mission, Gloucester Food Bank Ilhrough harvest donations} and works closely with churches in the area. As part of the Counties network, Abbey Church has partnered in Gloucestershire wide events for fellowship and teaching with other churches. We have alsojointly hosted the mission Open Doors to supporttheirworkwith the persecuted Church. Church leaders regularly meet with other local church leaders for fellowship and encouragement. The work of the church requires resour￿$, including staff team and volunteers and accommodation for our regular activities. Whilst existing public spaces are well used by the Church, the accommodation needs of the Church are in constant review, with all potential opportunities for a space belonging to the Church being considered. This included various small retail spaces in the area. FINANCIAL REVIEW Reserves Policy The Trustees have considered a ReseNes Policy for Abbey Church CIO and established that the Charity should hold free reserves of at least £25,000, or the equivalent of at least 3 months of the essential operating costs of the Charity. Free reserves are defined as unrestricted or general funds held by the Charity but not committed or invested in tangible fixed assets. This level of free reserves gives the Trustees and Leaders the opportunity and time to make appropriate decisions to rectify the situation should unexpected costs arise or a material drop in income occur. ABBEY CHURCH CIO TRUSTEES ANNUAL REPORT YEAR ENDED 31 AUGUST 2024 The free reserves held at the period-end are1£231,4641. The level of reserves compared to operating expenditure is due to the intention of the Charity to undertake building work, the cost of which is likely to exceed significantly the level of reserves held. Financial Review The financial statements show that the total income of the Charity was £101,678 (2023.. £113,775}. As will be seen from Note 2, the majority of this was from General Offerings amounting to £75,724 with associated income from tax refunds (Gift Aid) of £13,869,. this would indicate that more than 800A of the general offerings were donated in a tax-efficient manner. Charitable activities Income 1£4,7611, Grants1£2,0041 and Interest1£5,3201. It is noted that the reserves attracted a higher level of interest which is due to the current economic circumstances. Total expenditure was £103,689 resulting in a net deficit for the financial year of £2,011. This Compared to a Net Surplus of£15,127 in the previous year. Regarding Expenditure, the total amount for 2023 was £98,648, compared with £103,689 for 2024 an increase of £5,401. As shown by the statement of financial activities Ipage 91 and Note 4 this was mainly due to a significant increase in church workers costs. In considering the expenditure on Charitable Activities it can be seen from Note 4, that overall, about 900kn was actually activity-related with about 10 % related to support costs. In addition, it can also be seen that Grants of £10,000 were made for Christian work,. this can be seen in greater detail in Note 5 where there is an analysis of these grants. It is the aim of the Charity to make grants equating to about 100/0 of the combined total of general offerings lunrestrictedl and associated income from tax refunds {Gift Aid),. from Note 2 this can be seen to be £89,593 - the actual total of grants therefore exceeded this aim. In summary, Note 14 shows the free reserves of the Charity as at 31 August 2024 to be £231,464 12023.. 233,4751- these are all stated as Unrestricted Funds. The Trustees continue therefore to be both, pleased, grateful and encouraged that Income has almost enabled all costs to be met. Restricted Fund In the arrangements for the divisions of assets agreed between Hillview Evangelical Church (Charitable Company) and Abbey Church CIO there was a balance remaining from the Restricted Fund intended for a building project that will not now proceed. This amounts to £29,320 and was being retained by Hillview until such time as the fund can become Unrestricted. A final resolution to this has been provided in May 2025, with a new scheme agreed to allow funds to be transferred. The final transfer should be complete by the end of financial year, August 2025. The restriction is released allowing Abbey Church CIO to use the funds within our charitable purposes., specifically, 'To advance the Christian faith for the public benefit in accordance with the objects of the Abbey Church CIO.. ABBEY CHURCH CIO TRUSTEES ANNUAL REPORT YEAR ENDED 31 AUGUST 2024 Statement of trustees, responsibilities The trustees are responsible for preparing the Trustees. Report and the financial statements in accordance with applicable law and Uniled Kingdom Accounting Standards including Financial Reporting Standard 102. The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP., make judgments and accounting estimates that are reasonable and prudent., state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements., and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deedlconstitution. 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. Approved by order of the board of Trustees on behalf by.. 25 June 2025 and signed on its Patricia Murphy (Chair of Trustees ABBEY CHURCH CIO INDEPENDENT EXAMINER'S REPORT YEAR ENDED 31 AUGUST 2024 Independent examiner's report to the trustees of Abbey Church CIO I report to the trustees on my examination oflhe accounts ofAbbey Church CIO (the Charity} forthe year ended 31 August 2024. Responsibilities and basis of report As the charity trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'Ihe Act'l. I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5llb) of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in onnection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Charity as required by section 130 of the Act., or the accounts do not accord with those records-, or the accounts do not comply with the applicable requirements Con￿rning the form and content of accounts sel out in the Charities {Accounls and Reports} Regulations 2008 other than any requirement that the accounts give a 'lrue and fair view which is not a matter considered as part of an independent examination. I have no COn￿rn$ 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 accounts to be reached. ockkn Joshua Kingston Bsc. ACA Burton Sweet Chartered Accountants The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1 UR Date.. 25 June 2025 ABBEY CHURCH CIO STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 AUGUST 2024 Unrestricted Funds Restricted Year ended Year ended Funds 31 Aug 2024 31 Aug 2023 Note Income from: Donations and legacies Charitable activities Investments 91,597 4,761 5,320 91,597 4,761 5,320 101,298 9,158 3,319 Total income 101,678 101,678 113,775 Expendlture on: Charitable activities 103,689 103,689 98,648 Total expenditure 103,689 103,689 98,648 Net Incomellexpendlture) and net movement in funds 12,0111 12,0111 15,127 Total funds at the start of the period 13 233,475 233,475 218,348 Total funds at the end of the period 13 231,464 231,464 233,475 The charity has no recognised gains and losses other than the results for the year as set out above All of the activities of the charity are classed as continuing See prior period fund comparatives in note 9 The notes on pa es 11 to 16 fomi part of these financial statements ABBEY CHURCH CIO BALANCE SHEET AS AT 31 AUGUST 2024 Asat 31 Aug 2024 Asat 31 Aug 2023 Note Current assets Debtors Cash at bank and in hand 11 20,401 216,699 237,100 9,550 232,753 242,303 Creditors . Amounts falling due wlthln one year 12 15.6361 18,8281 Nel current assets 231,464 233,475 Net assets 231,464 233,475 Funds Unrestricted funds 14 231,464 233,475 231,464 233,475 These financial slalements were approved by the Iruslees on 25 June 2025 -and are signed on their behalf by.. 6aiAfv4 Patricia Murphy (Chair of Trusleesl Mark Bashford (Trustee, Finance Team) The notes on pages 11 to 16 fomi part of these flnanclal statements 10 ABBEY CHURCH CIO NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2024 Accounting policies al 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 IFRS 1021 issued in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Charities Act 2011 and UK Generally Accepted Practice as il applies from 1 January 2019. The accounts (financial statemenlsl have been prepared to give a 'lrue and fair, view and have departed from the Charities (Accounts and Reports) Regulations 2008 only lo the extent required lo provide a 'true and fair view,. This departure has involved following Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued in October 2019 rather than the Accounting and Reporting by Charities.. Statement of Recommended Practice effective from 1 April 2005 which ha5 since been withdrawn. The charity is a public benefit entity as defined under FRS102. There are no material uncertainties about the Charity's ability lo continue as a going concern, despite the significant uncertainty being caused by the economy with many rising costs, the Trustees expect little to no impact with our current operations having very little cost liabilities, with any additional costs to these operations lo be minor. It is also recognised that the charity has sufficient reserves lo be able to meet most challenges bl Income from donations are included when these are receivable, except as follows.. il When donors specify that donations given to the charity must be used in future accounting periods, the income is deferred until those periods. ii) When donors impose conditions which have to be fulfi'lled before the charity becomes entitled to use such income, the income is deferred until the pre-conditions have been met. Legacies are recognised when the charity is legally entitled to the legacy and the amount can be quantified with reasonable accuracy. Entillemenl is regarded as the earlier of the charity being notified of an impending distribution or the legacy being received. cl Expenditure is recognised in the period in which il is incurred. Expenditure includes attributable VAT which cannot be recovered. Most expenditure is direcuy attributable lo specific activities and has been included in those cost categories. Support costs have been allocated 100 /0 towards the charitable activities of the charity. Governanee costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the independent examination fees and costs linked lo the strategic management of the charity. Governance costs are included within support costs. dl Rentals applicable to operating lease agreements where subslanlially all of the benefits and risks of ownership remain with the lessor are charged against profits on a slraight-line basis over the period of the lease. el Trade and other debtors are recognised al the settlement amount due after any trade discount offered. Prepayments are valued al the amount prepaid net of any trade discounts due. fj Cash at bank and cash in hand includes cash and short term highly liquid investrnenls with a short maturity of three months or less from the dale of acquisition or opening of the deposit or similar account. g) Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third paty and the amount due lo settle the obligation can be measured or eslimaled reliably. h) Unreslricled funds can be used in accordance with the charitable objects at the discretion of the Trustees. i) 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. 11 ABBEY CHURCH CIO NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2024 Donations and legacies Unrestricted Funds Restricted Year ended Year ended Funds 31 Aug 2024 31 Aug 2023 General offerings Grants Income tax refunds Legacies 75,724 2,004 13,869 75,724 2,004 13,869 74,552 2,004 14,742 10,000 91,597 91,597 101,298 Prior Year Comparatives were all represented by unrestricted funds Income from.. charitable activities Unrestricted Funds Restricted Year ended Year ended Funds 31 Aug 2024 31 Aug 2023 Event income 4,761 4,761 9,158 4,761 4,761 9,158 Prior Year Comparatives were all represented by unrestricted funds 4 Expenditure on.. charitable activities Unrestricted Funds Restricted Year ended Year ended Funds 31 Aug 2024 31 Aug 2023 Grants for Christian work Isee note 51 Church workers Ministry costs Training Event expenses ort costs Safeguarding costs Insurance Printing, postage and stationery Accountancy fees Fees and Subscription5 Equipment Miscellaneous Governance costs Isee note Sl 10,000 54,597 2,259 270 27,826 10,000 54,597 2,259 270 27,826 10,000 36,085 10,511 1,021 30,986 145 529 109 366 942 4,576 145 529 109 366 942 4,576 232 477 235 1,219 5,789 25 1,884 2,070 2,070 103,689 103,689 98,648 Prior Year Comparatives were all represented by unrestricted funds 12 ABBEY CHURCH CIO NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2024 5 Analysis of Grants Year ended Year ended 31 Aug 2024 31 Aug 2023 To Institutions Gloucester City Mission Armonia Trust UK Ambassadors Football Ifes Trust Friends of Turkey Open doors Echoes International IGiovanni and Hannah Donalol Young Soo 1,320 858 1,518 1,320 1,460 990 1,520 1,200 880 1,380 900 3,100 900 1,140 250 To Individuals Hannah Coggins While Whitaker Erie Dancy Adrian Dancy 364 150 250 250 250 10,000 10,000 Govemance costs Unrestrieted Funds Restricted Year ended Year ended Funds 31 Aug 2024 31 Aug 2023 Independent examiner's fees 2,070 2,070 1,884 2,070 2,070 1,884 Net incomellexpenditurel Year ended Year ended 31 Aug 2024 31 Aug 2023 Thls Is stated after charylng Independent Examiner's fee.. for Independent Examination for Accounts Preparation for Other Services 924 1,146 245 846 1,038 Staff costs and numbe The aggregate staff costs were Year ended Year ended 31 Aug 2024 31 Aug 2023 Wages and salaries Pension costs 50,370 4,561 33,118 2,787 54,931 35,905 13 ABBEY CHURCH CIO NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2024 8 Staff costs and numbers (continued No stsff re￿iVed employment benefits of more than £60,000. The average number of staff Iheadcounll during the year was 312023.. 2}. The total aggregate employment benefits received by key management personnel were £45,891 12023.. £24,323). The key management personnel are the Trustees and members of senior management who report lo the Trustees. Aggregate donations from Trustees, key management personnel and other related parties were £16,48012023'. £27,130). No expenses were paid to Iruslees during the current or prior year. Comparative Statement of Financial Activities Unrestricted Funds Restricted Year ended Funds 31 Aug 2023 Income from: Donations Charitable activities Investments 101,298 9,158 3,319 101,298 9,158 3,319 Total income 113,775 113,775 Expenditure on.. Charitable activities 98,648 98,648 Total Exponditurg 98,648 98,648 Net incomellexpenditurel and Net movement in funds 15,127 15,127 Total funds at the start of the period 218,348 218,348 Total funds at the end of the period 233,475 233,475 10 Taxation The charity is exempt from corporation lax on its charitable aclivilies. 11 Debtors 31 Aug 2024 31 Aug 2023 Other debtors 20,401 9,550 20,401 9,550 12 Creditors: amounts falling due within one year 31 Aug 2024 31 Aug 2023 Accruals Other creditors 2,070 3,566 1,884 6,944 5,836 8,828 14 ABBEY CHURCH CIO NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2024 13 Movements in funds As at 31 August 2024 Asat 1 Sept 2023 Asat Transfers 31 Aug 2024 Income Expenditure Unrestricted Funds General funds 233,475 101,678 1103,6891 103,689 231,464 Total funds 233,475 101,678 231,464 Prior Year Comparative As at 31 August 2023 Asat 1 Sept 2022 Asat Transfers 31 Aug 2023 Income Expenditure Unrestricted Funds General funds 218,348 218,348 113,775 113,775 198,6481 98,648 233,475 233,475 Total funds 14 Analysis of net assets between funds Other Net Assets As at 31 August 2024 Total Unrestricted Funds General funds 231,464 231,464 Total funds 231,464 231,464 Prior Year Comparative As at 31 August 2023 Other Net Assets Total Unrestricted Funds General funds 233,475 233,475 Total funds 233,475 233,475 15 ABBEY CHURCH CIO NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2024 15 Related party transactions Mark Bashford, Andrew Conlan, Kenneth Hawkins, Christopher Winlle, Roger and Hazel Chilvers, trustees and related parties received payments of £50012023. £5001., £50012023.. £5001,. £60012023.. £4001, £Nil12023. £3001., £40012023".£5001 respectively for speaking services at Abbey Church. These payments are permitted under the Memorandum & Articles of Association. There are no other related party transactions apart from those already disclosed. 16 Donation of assets and liabilities On 1 September 2019, the Trustees of Hillview Evangelical Church, charitable company (registration number.. 058991781 moved the trade and assets of the Abbey Church Into the newly conslituled CIO. The Impact of this event has been that Abbey Church CIO was gifted an agreed sum of £201,717 of the Abbey Church assets at that date. The carrying values of the assets and funds transferred were.. Net Assets: Cash in hand and on deposit 201,717 Funds- Unreslricled general funds 201,717 The total asset transfer amounts lo £231,037, the differen￿ of £29,320 relates to a restricted fund. Hillview Evangelical applied for the fund lo be derestricted by the Charity Commission. A final resolution has been provided in May 2025, with a new scheme agreed to allow funds lo be transferred. The final transfer should be complete by the end of financial year, August 2025. The restriction is released allowing Abbey Church CIO to use the funds within our charitable purposes., specifically to"To advance the Christian faith for the public benefit in accordance with the objects of the Abbey Church CIO" 16 Audit Trail ## **Document Details** |**Title**
2024|Financial Statements|| |---|---|---| |**File Name**
Abbey Church CIO Financial Statements - 31 August 2024.pdf||| |**Document ID**
b549ae9e208b4392a8fac713a6ad6ee1||| |**Fingerprint**
185b3c4fedf2eb3197e3be39abbb135d||| |**Status**
Completed||| |**Document History**||| |**Document Created**|Document Created by Karen Chelton (karen@burton-sweet.co.uk)
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