| Trustees | D Northcote-Passmore |
|---|---|
| C Naish | |
| J Airdrie | |
| Mr A Heron | |
| J Luckham | |
| P Phillips | |
| H Stevens | |
| P Winfield | |
| C Hughes | |
| S Richards | |
| Charity number | 1184841 |
| Company number | 11063630 |
| Principal address | Belmont Chapel |
| Western Way | |
| Exeter | |
| Devon | |
| EX1 2DB | |
| Registered office | Belmont Chapel |
| Western Way | |
| Exeter | |
| Devon | |
| EX1 2DB | |
| Independent examiner | Mr A Hemmings BA (Hons) FCA CTA |
| Simpkins Edwards LLP | |
| The Summit | |
| Woodwater Park | |
| Exeter | |
| EX2 5WS |
| Page | ||
|---|---|---|
| Trustees'report | 1-6 | |
| Independent examiner's | report | 7 |
| Statement of financial activities | 8 | |
| Balance sheet | 9 | |
| Notes to the financial statements | 10-19 |
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2024 | 2023 | ||
| Notes | £ | £ | |
| Income from: | |||
| Donations and legacies | 2 | 423,424 | 390,081 |
| Charitable activities | 3 | 22,167 | 33,557 |
| Other trading activities | 4 | 1,804 | 1,480 |
| Investments | 5 | 5,329 | 2,418 |
| Total income | 452,724 | 427,536 | |
| Expenditure on: | |||
| Charitable activities | 6 | 484,409 | 403,829 |
| Other expenditure | 9 | 27,662 | 24,351 |
| Total expenditure | 512,071 | 428,180 | |
| Net expenditure and movement in funds | (59,347) | (644) | |
| Reconciliation of funds: | |||
| Fund balances at 1 January 2024 | 1,099,406 | 1,100,050 | |
| Fund balances at 31 December 2024 | 1,040,059 | 1,099,406 |
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| Fixed assets | |||||
| Tangible assets | 13 | 790,993 | 826,860 | ||
| Current assets | |||||
| Debtors | 14 | 21,260 | 17,536 | ||
| Cash at bank and in hand | 241,825 | 268,085 | |||
| 263,085 | 285,621 | ||||
| Creditors: amounts falling due within | 15 | ||||
| one year | (14,019) | (13,075) | |||
| Net current assets | 249,066 | 272,546 | |||
| Total assets less current liabilities | 1,040,059 | 1,099,406 | |||
| The funds of the charity | |||||
| Unrestricted funds | 1,040,059 | 1,099,406 | |||
| 1,040,059 | 1,099,406 |
| **Unrestricted ** | Unrestricted | |
|---|---|---|
| funds funds | ||
| 2024 | 2023 | |
| £ | £ | |
| Donations and gifts | 71,165 | 67,871 |
| Legacies receivable | - | 1,064 |
| Gift Aid recoverable | 71,544 | 66,179 |
| Gift Aid donations | 280,715 | 254,967 |
| 423,424 | 390,081 |
| Unrestricted Unrestricted | Unrestricted Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Third age | 6,136 | 5,108 |
| Special events | 4,131 | 17,954 |
| Youth work | 1,603 | 917 |
| Under eighteens | 660 | 980 |
| Young families | 9,235 | 8,463 |
| Fellowship Team | 402 | 135 |
| 22,167 | 33,557 | |
| Other trading activities | ||
| Unrestricted Unrestricted | ||
| **funds ** | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Income from buildings | 1,804 | 1,480 |
| **Unrestricted ** | Unrestricted | ||
|---|---|---|---|
| funds funds | |||
| 2024 | 2023 | ||
| £ | £ | ||
| Interest receivable | 5,329 | 2,418 | |
| **6 ** | Charitable activities |
| Charitable | Charitable | |
|---|---|---|
| Expenditure | Expenditure | |
| 2024 | 2023 | |
| £ | £ | |
| Staff costs | 237,774 | 208,213 |
| Depreciation and impairment | 54,753 | 51,912 |
| Child protection | 318 | 525 |
| Sunday program | 1,849 | 1,586 |
| Recruitment | w | 290 |
| Missionary & other charitable gifts | 200 | 400 |
| Literature and resources | 1,387 | 1,198 |
| Care support and fellowship team | 2,003 | 1,794 |
| Training | 963 | 1,581 |
| Third age | 6,019 | 5,517 |
| Special events | 24,407 | 4,451 |
| Young adults | 1,895 | 1,851 |
| Publicity | - | 259 |
| Under eighteens | 9,159 | 7,661 |
| Young families | 2,623 | 3,070 |
| Electricity | 11,176 | 7,334 |
| Gas | 8,407 | 4,882 |
| Water | 2,275 | 1,817 |
| Insurance | 7,424 | 6,393 |
| Repairs and renewals | 24,781 | 17,678 |
| General running costs | 10,321 | 859 |
| Catering | 2,189 | 2,729 |
| Computer costs | 2,747 | 2,620 |
| Printing and stationery | 1,390 | 1,854 |
| Telephone | 2,420 | 1,673 |
| Copyright | 1,981 | 2,133 |
| 418,461 | 340,280 | |
| Grant funding of activities (see note 7) | 65,948 | 63,549 |
| 484,409 | 403,829 |
| **Charitable ** | Charitable | |
|---|---|---|
| **Expenditure ** | Expenditure | |
| 2024 2023 | ||
| £ | £ |
|
| Grants to institutions: | ||
| European Christian Mission (Britain) | 13,000 | 12,000 |
| Evangelical Alliance | 1,000 | 1,000 |
| ECU | 4,000 | 4,000 |
| Exeter ICE Charitable Trust | 5,000 | 5,000 |
| Devon and Exeter Manna House Trust | 650 | 650 |
| Bernard's Acre | - | 750 |
| Devon Christian Youth Camps Trrust | 650 | 650 |
| City of Exeter YMCA | 2,000 | 2,000 |
| Echoes International | 3,000 | 3,000 |
| Rainbow Living SW | 2,500 | 2,500 |
| A Rocha UK | 1,000 | 1,000 |
| CTAX (Christians Together across Exeter) | 600 | 600 |
| King's House Children Centre | 2,000 | 4,000 |
| Tear Fund | 2,000 | 2,000 |
| Faith in Kids | 1,000 | 1,000 |
| Open Doors UK & Ireland | 2,000 | 2,000 |
| France Mission | 2,500 | 2,500 |
| Exeter Food Bank | 250 | 250 |
| South West Youth Ministries | 2,000 | 1,000 |
| Crossline Soup Kitchen | 1,000 | 1,003 |
| Friends International Ministries | 6,000 | 6,086 |
| Counties (formerly Counties Evangelistic Work) | 1,000 | 1,000 |
| Care For The Family | 1,250 | 1,250 |
| Devon United Missionary Offering | 650 | 650 |
| Asifunde Sonke | - | 2,500 |
| St James PCC Exeter | 500 | 500 |
| Just Love UK | 1,000 | 1,000 |
| Living Out | 1,000 | 1,000 |
| Welcome Churches | 650 | - |
| UCC (London Institute for Contemporary Christians) | 1,250 | |
| 59,450 | 61,389 | |
| Grants to individuals: | ||
| Grants to individuals for short term mission | 2,802 | 2,160 |
| Mercy Gifts | 3,695 | - |
| 65,947 | 63,549 |
| Grants payable | (Continued) | |
|---|---|---|
| Collections and donations received from the congregation: | ||
| St Petrocks | 150 | 150 |
| Tear Fund | 171 | - |
| Exeter ICE Charitable Trust | 150 | 150 |
| Take off Pennies | 94 | 88 |
| Tear Fund Ukraine Humanitarian Appeal | - | 645 |
| Christmas Collection | 1,556 | - |
| Exeter Foodbank | - | 10 |
| Funerals | 397 | |
| Paul Kingori Water Project | 2,200 | 3,200 |
| Refugee Support Devon | - | 262 |
| 4,321 | 4,902 |
| Net movement in funds | 2024 | 2023 |
|---|---|---|
| £ | £ | |
| The net movement in funds is stated after charging/(crediting): | ||
| Depreciation of owned tangible fixed assets | 54,753 | 51,912 |
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Wages and National Insurance costs | 18,394 | 16,094 |
| Staff pension | 7,193 | 6,337 |
| Independent examination | 2,075 | 1,920 |
| 27,662 | 24,351 |
| Salary | ER Pension | Total 2024 |
Salary | ER Pension | Total 2023 |
|
|---|---|---|---|---|---|---|
| Contribution | Contribution | |||||
| Mr R C Hughes | £39,186 | £1,219 | £40,405 | £36,143 | £1,118 | £37,261 |
| The average monthly number of employees during th | e year was: | |
|---|---|---|
| 2024 2023 | ||
| Number | Number | |
| 9 | 9 | |
| Employment costs | 2024 | 2023 |
| £ | £ | |
| Wages and salaries | 221,398 | 195,999 |
| Social security costs | 16,376 | 12,214 |
| 237,774 | 208,213 |
| **13 ** | Tangible fixed assets | ||||
|---|---|---|---|---|---|
| Leasehold | Plant and | Lease | Total | ||
| land and | equipment | ||||
| buildings | |||||
| £ | £ | £ | £ | ||
| Cost | |||||
| At 1 January 2024 | 1,615,768 | 387,656 | 75,432 | 2,078,856 | |
| Additions | - | 18,887 | - | 18,887 | |
| At 31 December 2024 | 1,615,768 | 406,543 | 75,432 | 2,097,743 | |
| Depreciation and impairment | |||||
| At 1 January 2024 | 872,783 | 351,179 | 28,035 | 1,251,997 | |
| Depreciation charged in the year | 32,787 | 18,855 | 3,111 | 54,753 | |
| At 31 December 2024 | 905,570 | 370,034 | 31,146 | 1,306,750 | |
| Carrying amount | |||||
| At 31 December 2024 | 710,198 | 36,509 | 44,286 | 790,993 | |
| At 31 December 2023 | 742,986 | 36,477 | 47,397 | 826,860 |
| Debtors | ||
|---|---|---|
| 2024 | 2023 | |
| Amounts falling due within one year: | £ | £ |
| Trade debtors | 153 | |
| Other debtors | 21,107 | 17,536 |
| 21,260 | 17,536 | |
| Creditors: amounts falling due within one year | ||
| 2024 | 2023 | |
| £ | £ | |
| Other taxation and social security | 5,029 | 3,980 |
| Trade creditors | 51 | 2,753 |
| Other creditors | 4,543 | 2,872 |
| Accruals and deferred income | 4,396 | 3,470 |
| 14,019 | 13,075 |
| At 1 January | Incoming | Resources | At 31 | |
|---|---|---|---|---|
| 2024 | resources | expended | December | |
| 2024 | ||||
| £ | £ | £ | £ | |
| General funds | 1,099,406 | 452,724 | (512,071) | 1,040,059 |
| Previous year: | At 1 January | Incoming | Resources | At 31 |
| 2023 | resources | expended | December | |
| 2023 | ||||
| £ | £ | £ | £ | |
| General funds | 1,100,050 | 427,536 | (428,180) | 1,099,406 |