REGISTERED CHARITY NUMBER: 1187784 Merland Rlse Church {Charltsble Incorporated Organlsation) Report of the Trustees and Unaudlted Flnanclal Statements for the Year Ended 31 December 2023
Merland Rlse Church Contents of the Flnancial Ststements for the year ended 310étÈmber 2023 PHBe Reportdlhe TNrtees Independent Emlner'S Aeport Slatsment of Flnandal ktlvttle$ Balaft Sheet Notes to the Flnan¢l•l Ststements 9 to 22 Det•lb8d St•tem8nt of Finanfial Activiues 23 to 24
Merland Rise Church Report of the TrustEes for the year ended 31 De¢eMb¢r 2023 The Trustees present their annual port wlth rhe financial staiemenrs of the Church for the year ended 31 December 2023. The TnJstees confi'rm that the annual report and financial starements of the Church comply with the current statutory requirements, the requirernents of the Church'5 governing document and thE Pfovlsions ol Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparin8 their accounES In accordance with the Finanaal Reportin8 Standard appllcable in the IJK and Republlc of Ireland IFRS 1021 leffeth've I January 20191 I'SORP IFRS 10211. OBJÉCTIVES AND ACTIVITIES Oblectlves znd aim5 The principal purpose5 of Mertand Rise (Jurth are the advancement of the Chrlstian faith and the provision of servlce and support to all sections of the wmmunlty. indudlng people ol other faiths and none, wlth a particular foojs on the socially and economically disadvantaged Ilving wilhln the Preston and Tadworth area and the surr¢)unding neighbourhood. The Church a150 tarrles out such other charitable purposes In the Unlted Kingdom and other parts of the world that. In the opinion ol the members of the Church In General Meeting and the Trustees. shall further the work of the Churth and serve d15advantaged people groups. Slgnlflcant actlvltles In fulfilling its purposes, the Churth wlll eftgage In a range of activltles elther Sndependently or In collaboratlon wlth other Churches. public and thlrd sector afftd voluntary or8anlsatlons whkh share the social lustlce priorltie5, and with whom it can work In partnership to improve the Ilfe chance5 and Lipportunllies of those li seeks to serve. The Church'5 activlties indude. but are not restrlcted to: gular publicworshlp. prayer, Elble study. preachln£ and teaching and Believers baptism- the Comrnunion of the LDrd's Supper, whlch shall normally be observed at least once a month,. evangelism ané mission. whether locally. regionally, natlonally or Internationally,. promotion of famlly life, dlverslty, strong and supportNe personal and community relationshlps; the nuTture arbd growth of Christlan d15ciplés, includln8 the lrnpeTative of seryln8 Othèrs selflessly. 8ivlng of thelr time and finandal resources,. encouragirsg pastoral (are, wlth a parllcular focus on the elderly and vulnerable, supportlng and encouraglng charftable and communlty causes both locally and abroad,. supportln8 provlsion and access to those wlth dlsabllitles, 3th a parkncular focus on the deaf and deaflbllnd cornmunlty.. counselllng and supportto those experiendng relatlonship difficulties. financial suppori to the economlcally dlsadvantaged Includln& a Food Bank and debt counselling servlce, employment advl indydlng resolvln8 conflicts and enhanclng the ernployabillty of those setklng worl- practical Support, Includlng the prgv151on of furnlture, white 8oods and emergènLy cash to those eKperienclng flnanclal hardshlp as a resuk of thelr Immigratiori statU5. lorsg-term ill health. unemployrnent or 5Imilar.' services to children and young people including Ilfe skllls, tralniTrg and sodal and recreational facilities; malntalnin8 our long estab115hed collaboTatlve working with Epsom Downs Prlrnary School,. use of our premlses by varlou5 charltles, community groups and public bodies which Share our prlorities. Publlc benefit In planning the artlvities of the Church, the Trustees have considerèd thè Chadty CoTnmi5slon'$ 8uldance on publlc benefit and. particular, the specfflc 8uldantt on ¢harlties for the advancement of rellgion. Page I
Merland Rise Church Report of the Trustees for the year ended 31 Detembef ZOZ3 ACHIEVÉMENT AND PERFORMANCE Charltable actlvltles Ourln8 the year the Church has conrlnued to serve Its, members and the local communlty. The Church offer5 weekty Sunday mornlng and Sunday e¥enlng servlce5 together with multiple prayer meetingslbible study snd home group meetlngs. The Church also offers paoral rare to its, member5 and Supports the local communlty In varfjous community acbvilie5 such as running a food bank Fundrnlslni acllvltles The Church does not enEa8e in publlt raislng actth"tles. FINANaAL REVIEW Financial posltlon The financial posltion of the Church 15 Set out In the Statement of Flnanclal Adivitles and Balance Sheet and the relaied notes and have been pfepared In awrdance wlth statutory requlrements of the Charltles Act 2011 and SORP IFRS 1021. Prfndpal fundlng sources The princlpal lundlng source5 of the thurth a the voluntary donatlons and Klvlng by mèmbers of the Church's congregatlon together wlth allled Incorne tax rebates under the glft aid sthemè. In addltlon, the Church recelved the follovjlng grants: £3,C(10 on 26 January 2023 for enèrgy top ups br d15tr1bullon to varlous indlvlduals In the cornmunlty £700 on Q6 Novernber 2023 for energy top ups for dlstiibutlon to variou5 indlvlduals in the communlty £840.90 on 20 November 2023 for equlpment for KICK expenditure deferred un1 January 2024. Mvestment pollcy and oble<tlves Any money nol requirèd for day to day use Is placed on dep051t wlth the Church's bankers, C4F Bank Llmited. At the balan sheet date, the Church parl-owned one fveehold resldenllal property whlth Is used to prade accommodatlon to the Pastor. R4$9rv•s pollcy The Church ha5 a General Reserve Fund of £15,000 that repre5eTrts approxSmately IO% of th• Church's annual revenue eXPendre Includlng legal commltments under contracts of employment to cover unforeseen Increases and decreases In revenue and expendlture. The Church atso has a General Repairs and Malntenance Fund to cover major unln5ured repalrs and malntenance expendlture Dn the Church premise5 and equlpment. At the end of the flnanaal vear the Churth's reserves met these targets. Golni concem The flnandal statements are drawn up on the golng concern basis, whlch assumes Merland Rtse Church wlll ¢ontinue in operauonal exlstence for the foreseèable future. The Trustees consider the current and forecast cAsh resources to be 5ufflclent to cover the worklng capital requlrements of the Church for at least 12 months. Pa8e 2
Merland Rise Church Report of the Trustees for the year ended 31 Decernber 21123 STRUCTURE, GOVERNANCE AND MANAGEMENT Goveynlng document The Church member5 approved and adopted a Constltution at a Special Church Members Meetin8 held on the Isth Decerllber 2019. Re(ruthent and appolntment of new twustees The runnin8 of the Church 15 under the control of an 'Eldership" comprlsin8 the Senior Pastor and Eldets, The Pasttsr was appolnted by the Church at a Spedal Meetlng and Is employed under a contract of service. effective 11¢ September 2017. The other Trustees are appolnted in accordance with the Constitution and they meet regularlv, admlnistering the Church by majority decision. Or8anlsztlonal strn(tuYe The Church appoint5 a Pastor and other pèSd staff as drcumstances requlre. The Pastor and Elder5 lead the Churth IA terms gf both spiritual matters and governance of the Church. The day to day co-ordlnation of the Church's programme and Wdrious prxtical matters are then managed by the Leadership Tearn, members ol whlch are sirnllarlv elected by the mernbers ol the Church at a Church Meeting. In addltlon to thls mana8*ment 5triJrture the Chutth employ5 a part-tirne Admlnbstrator, Cleaner and Caretsker Hosts. Gov•m•nce code The trustèes are aware of the Charity Gtrvemance Code and are con51derln8 how the relevant matters can be applied to and Implernented by the Church. Wlder network The Church Is a member orKanisatlon of the Fellowship of Independent Evangelical Churches {FIECI and FIEC Ltd. charlty number 251395. Rlsk managtment The Trustee5 have a duty to identify ènd review the rlsks to whlch the Church is exposed and ensure that appropriate conirols ale in place to mltigate oi elimlnate those rlsks. The frustees regularly review ihe malor rlsks to which the Church Is exposed and have establlshed Systems and procedure5 to mttlgate those rlsks, partIcUlar in such areas Hs financial management, Child and vulnerable adult protethon. Page 3
Merland Rise Church Repwt of the Trustees for the year ended 31 De¢thnr 2023 REFERENCE AND ADMINISTRATIVE DAll5 Reglstered Charlty number 1187784 Prlnclpal addre95 Merland Rise Tadworth Surrey KT20 5JQ Trusts•s G J Mann Elder P Ollver Elder Re¥ R Powell Pastorand Elder D Thomas Elder S Palne Elder Independent Exafflknor AfA CTA Sh w Gibbs knrntted 19 Cedar Road Sution SM25DA So(1t0r9 Anthon 134 Edrnund Street Blrmlngham B3 2ES LP Bankers CAF eank Llmtted 25 Kln8s Hlll Avenue Klngs Hlll West Malllng Kent ME19 4JQ CAF Bank LIMIt Is a subsldlaryof the Chae$ Foundatlon ICAFI FUNDS HELD A5 cusfoDIAN FOROThERS There were no funds held as a custodlan for any other tharlues. Approved by ord f the board of trustees on . October 2024 and slgDed on IES behalf bv.. P (Xl¥er- rustee PaBe 4
Independent Examiner's Report to the Trustees of Mefland Rlse Church I report to the Church trustee5 on rny examination of the accounts of Merlènd Rise Church ICIOI, charity nurnber 1187784, for the year ended 310ecember 2023. whlch are set out on pages 6 to 22. Respective rpspon51bllltles of Trustees and Examiner The Church's Trustees are responsible for the prepation of the accounts in accordante with the requirements of the Charitie5 Act 20111'ihe Act'l. The Church's Trustees consider that an audit is not requlred lor thi5 year under sectlon 144121 of the Act and that Independent examlnation 15 needed. It Is my re5ponsibillty to.. examine the accounts under Section 145 of the Charity Act,. to follow all the applicable Dlrection5 given by the Charity Cornmisslon under section 14515llbl of the Art, and. to state whether partictslar matters have come to my attention. Oasls of Ind6pendent examlnerfs statement My examinatlon was rarried out In accordance with 8efteral Directions given by the Charity Comm10n. An e¥arnlnatlon includes a review of the accounting record5 kept by the Church and a compari50n of the accounts presented wlth those reCd5. It also includes consideration ol any unusual Itèms or dlsclosures in the accounts and seeking explanatlons from thp trustees COnrnIng any such fflatters. The procedures undertaken do not pmvide all the evldence that would be required ID an audit, and wnsequently Tro opinion is 8iveTh as to whether the accounts present a'true and falrf vlew and the report is Ilmlted to those mattets set out In the statèment below. Independent examlnerfs statement In connectlon wlth my examination, no materlal malter5 have come to my attèntion which Blves me cause to belleve that In. any material respect.. accountlng records werè not kept in respect of the Church as QuIred by section 130 of the Act; or the accounts do not accord wlth those record5', or the account5 do not comply wlth the applicable requirements concernSn8 the form and content of accounts set out In the Charitles (Accounts and Reports) Regulations 2008 other than any requlremeni that the accounts 8lve a true and lalr vlew whlch is not a matter consldered 35 part of an Independent examlnat40n. I have no concerns and have come across no other matters in cofinection with the examinatlon to whlth attentlon should be drawn in thi5 Tepoit in order to enable a proper understandlng of the accounts to be reached. Jm Slater ACA CTA shaw Glbbs Llmlted 19 Cedar Road Sutton SM2 5DA Date..31.. October 2024 Page 5
Merland Rise Church Statement of Financlal Actlvltles for the year ended 31 December 2023 Year ended 31112123 Totsl funds Year ended 311Iy22 Total funds Unrestricted Restricted funds funds Notes INCOMEAND ENDOWMENTS FROM Donatlons and le8ades 172A15 22.502 194,917 171948 Charftable artlvttles Llse of halls I4,6) 14,600 IS,896 Investment Income Other income 1.511 9.177 LS11 9.177 412 5.417 Total 197,903 22,502 220.20S 194,673 EXPENDMJRE ON Charhable a¢tMtle5 Staff costs and related expendlture HousSnB expenses Church expenses Prlntlng, publlclty and outreath Departments Donation5 and 8)vlnB Admlnlstraiion and otherexpenses lo700 1373 4121 1398 8376 Z3.491 15,139 1110.71JO 1,373 41921 L398 376 48,874 56A03 93,895 259 41,381 4,171 1061 46.509 55,879 25A83 41,164 Totsl 193A68 66.547 260,0 243,155 NET INCOMEIIEXPENDITUREI 4235 144,04SI 139,8101 148,4821 Transfers between funds 17 Net movement In fund5 4235 144,0451 139,8101 148.4821 RECONCIUATION OF FUNDS Total fynds brouthtforward 290,179 1004685 209164 2,141,346 TOTAL FUNOSCARRIED FORWARD 294A14 L758.640 Zm3,054 1092.864 The notes form part of these financial statements Page 6
Merland Rise Church Balan¢e Sheet 31 December 2023 Yaar ended 8iliz123 Total fvnds Year ended 31112122 Total fvnds Unrestricted Restricted funds funds Note5 FFKED ASSETS Tanglble assets Investment li 12 425,422 1.730,701 2,156.123 2,197,513 Ic 425.S22 I,no,701 Its6,223 2.197,613 CURRENT ASSETS Debtor5'. amounts fallln8 due wTrthin one year Cash at bank and in hand 34,999 s71 34999 85.880 27.485 27.939 92340 27,939 120I79 123.636 CREDifoAS Amount5 fr4lllng due wlthln one year 14 124.0481 124J1481 128.3851 NETCUIIRENT ASSETS 68092 27,938 96031 95.251 TOTAL A55Efs LESS CURRENT LIABIUTIES 4941614 1,7S8.640 1253,054 2.292,864 CREDITORS Amounts falllne due after more than one year Is I20000} 120QOODI 1200.0001 NET ASSÉTS 294,414 1,758.640 2053,OS4 092,864 The notes form part of these finanelal ststements Page 7 contlnued...
Merland Rise Church Balance Sheet- wntlnued 31 December 2023 Notes FUNDS Unrestrlcted funds.. General fund Manse fund General Reserve Fund General Repair5 and Maintenance Fund 17 3&710 220,934 ISMG 19,770 21,117 220.934 15.000 33,128 17 17 17 29V114 290.179 RtrIcted funds: Buildlryg Fund Emergency Fund Men's Mlnistry Fund Women's Mlnistry Fund Youth Mln15try Fund Other fund 17 17 17 17 17 17 4730.702 L77]65 9,101 7.761 5076 2.974 4225 6,232 2.213 &75&640 IA02,685 TOTALFUNOS 1.(82.864 The ftnanclal 5taternènts wère approved by the Boar<1 of Trustees and authorlsed for15sue gn 31 October2024 and were si8ned Its behalf by.. - Tru5 The notes form part of these financlal statements Page 8
Merland Rlse Church Notes to the Finan¢lal Statements for the year ended 31 December 2023 ACCOUNTING POUCIE5 Basls of preparatlon The financial Statements of the Cthurth, whlth Is a publlc benèfit entity under FRS 102, have been ppared in accordance with the Chartties 50RP IFRS 1021 'AccouThtin8 and Reporting by Charitie5'. Statement of Recommended Practice appllcable to chadties preparing their accounts In accordance with ihe Finantial Reporting Standard applicable In the UK and Republlc of Ireland IFRS 1021 leffecdve l January 20191.. Financi31 Reporting Standard 102 'The Flnancial Reportlng Standard appllcable in the UK and Republic of Ireland. and the Charities Art 2011. The financial 5tstements have been prepared under the historical cost conventlon, with the exceptlon of investmènts whlch are Included at market value. The financlal statements intludè all transactions. assets and Ilabilitses for vthith the Trustees can be held responslble In law. They do llDt Include the flnanclal statements of the thurth 8roup5 that owe affiliation to another body nor those that are informal gatherln8s of thurch members. Goin$ con(ÈM The financial statements are drawn up on the golng toncern basls, whlch assumes Merland Rlse Churth ICIOI wlll continue operatlonal existence for the foreseeable future. The Tnjstees consider the current and forecast cash rèsources to be suffl(ieni to cover the working capltal requlrement$ of the Church for at least 12 months. Flnandal reportlng Stdar 102- reduc•d dlsclosute exemptlons The Church has taken advantage of the following dlsclosure exernpknons in preparlng these fv'nanclal statements. as permitted by FRS 102 Yhe Flnancial Reporting Standard appllcable In the UK and Republic of IrelaDd': the requirements of Sectlon 7 Statement of Cash Flows. ome All income Is reco8nLsed in the Statement of Fihandal Activities gTlte the Church has entldement to ihe funds, It is probable that the income wlll be received and the amount ¢An be measured rellablv. Empendlture Llabllitie$ are CoRnised as expendlwre as soon as there Is a legal or constructlve obll8ation committin8 the Church to that expenditure, it is probable that a transfer of econornic benefits wlll be requId In settlement and Ihe arnount of the obligation can be measured rellabty. Expendlture ts accounted for ort afi accrua15 basi5 nd has been classified under headings that aggRate all cost related to the cate80ry. Where costs cannot be dlrectly attrlbuted io particular headin85 they have been allocated to actlvltle5 on a basls consistent wlth the use of resour5. Grants offered subject to conditions whlch have not been met at the year end datè are noled as a commltment but not accrued 35 expéndlture. Allocation and apportionrnent of costs Cost are allocated to thè prlnclpal activities of the Church on the followlng basis.. - Salarles and related costs .' time spent - Other costs.. in accordance with purpose and nature of empendlture Page 9 continued.-.
Merland Rise Church Notes to the Flnanclal Stslements- contlnued for the year ended 31 December 2023 ACCOUNTING POUCIES- contlnued Tanglble flxed assets Depreelation is provided at the followlng annual rates in order ¢0 write off each asset ovèr its estimated useful Freehold Church premi5QS Freehold Residential property Imansel Fixtures and fittln85 2% on cost 25% on cost and 20% on tost The Church ha5 in place an accourttiThg policy of carrying out regular rnalntenance and repalrs on Its freehold residential property Ithe cost of which are charged In full to the SOFA). No depreclatlon arlse5 in the year on the freehold re5idèntlal property used as tie(f accommodatlon as ID the oplnlon of ihe trustees the reslrlual value of the property is not materially less than its carrying amount ITh the flnandal statement5. An impairment revlew of suth fixed assets In accordance with FRS 102 sectlon 27 is carried out as at the end of eath financial perlod. T•xatlon The Church is exempt from tax on Its charitable activIes. Afl the Church's èxpendlture Is shown inclusNe of Irretoverable VAT. Fund accountlnt Unrestricted can be used In accordance wlth the chaTltable objectsves at the dlscretion of the trustees. Restricted fvjnds can only te used for partlcular ie5trlcted purposes wlthlo the obietts of the Church. Re5trictlons arise when 5pedfièd by the donor or when funds are ralsed for particular restricted purposes. Endowment funds arè resources recelved by the thurth that iepresent capltal and th? tru51ees are required bv charlty law to retaln and usè the endowmeni for the Churth's purposes. Investment Income, galns and losses are allOted to the approprlate fvnd. Futther explanatlon of the nature and purpose of each fund Is Induded In the notes to thè finandal statements. Hkè pur¢hase and leaslDgwrnmltrnent5 Renta15 pald under operatlng lease5 a charged to the Statement of Financial Activitie5 on a 5tral8ht Ilne ba515 over the perlod ot the lease. Penslon wsts z4nd other p05t4etlrÈment benefft5 The Church operates a deffined contributlon penslon 5theme. Contribut10Tr5 payable to the Church's penslon scheme are charged to thè Statement of Flnanclal Actlvltles in the period to whlch they relale. Inv¢5tments Investments are categ0ri5ed 45 current assets where the intentlon Is to reali5e the investment wlthout reinvestment of the sale proceeds. All other Snvesiments are classified as flxed assets. All investment assets are stated in the balance sheet at lair value and both reallsed and unrealised galns orlosses are recognlsed ln the statement ol finandal activltles. The fair value of Ilsted Investments Is taken at the market Pri of the asset as at the year end date. Page 10 contlnued...
Merland Rise Church Notes to the Flnancial Statements- continuéd for the year ended 31 December 2023 ACCOUNllNG POUCIES- contlnued Ffjnanclal Instruments Apart Irom rtain investments, the Churth only ha5 flnancial assets and liabilltles of a klnd that quallfy as baslc financial instruments. 8aslc flnanclal In5trurnents are initlally recognlsed at transacilon val¢Je and subsequently measured at thelr settlernent value. Currencv The Church'5 functional and presentatlonal currency15 pounds Sterlln8 IGBPI. preparOn of con5011dated flnanthl statements The financlal 5taternents contain inforrnatlon about the Church a5 an Indlvidual entity and do Dot contaln consolidated financial informatlon as the parent of a group. The Church Is exempt under the Charltles Act 2011 from the requlrement to prepare consolldaied 1Snanclal statement5. DONATIONS AND LEGACIES Year ended 311iiA3 Total filnds Unrestrfctsd nds Rtstrl¢ted funds Freewfjll ollerin8s Donatlons Glft abd Commlsslon recElvable 135,729 8,464 28,179 135.729 30,344 28AOI 43 21,880 622 172.415 22.502 194,917 The prlor yèar total Is allocated between fund cate8ories as follows,. Y•&r ended 31112122 Total funds Unrestrf¢ied funds Restrlcted funds Freewill offerlngs Oonations Gift ald Commlsslon le[¥8ble 113,506 6.281 24.085 135 113,506 31,674 27,633 135 25,393 3,548 144,Cw)7 28,941 172,948 Page 11 continued...
Merland Rise Church Notes to the Financlal Statement5- contlnued for th• year ended 310ecember Z023 INCOME FROM CHARITABLE ACTivmES Year ended 31112123 Total funds ljnrestrlcted funds Restri¢ted funds Use of halls and meeting rooms 14,6CQ 14.6fX) The prk*r year total Is allo¢xted between fund ote8ories as follow5- Yearended 3Vizl22 Total funds Unr•strlctsd funds R•strkted funds Use of halls and meetlng room5 15.896 15,896 INVESTMENT INCOME Y•arended 31112123 Total funds Unfestrlcted funds Restrtrted funds Dep051t account interest 1,511 1,511 The prlor year total Is allocated befyjeen fvnd cate8orles as follows: Year Ènded 31112122 Total fund5 Unrestricted funds R•strkted fvnd5 Dep051t account Interest 412 412 Page 12 contlnued...
Merland Rise Church Notes tothe Flnancial Statements- contlnued forthe year ended 31 December 2023 OTHER INCOME Vtèr ended 31/123 Total funds Unrestrlcted fuThds Restrlcled fund5 Other income Gov2rTrment srants 5,477 3,700 9.177 5,477 3.700 9.177 The prior year total is allocated between fund cate¥ortes as foll¢)ws: Year ended 31112122 Total funds Unrestrl¢ted fvnds Restrlcted Iuhds other Income Government grants 3,117 2.300 5,417 3,117 5.417 CHARITABLE Acnvmes COSTS Grant fundlng of activitles Support costs Dlrect Costs Isee note 71 15ee note 81 Year ended 31112123 Totsls Staff costs ind relatsd expenditure Housln8 empenses Church expenses Printin& publiclty and outreach Departments Donatlons and gMn8 Adrnin15tratlon and other expenses 100,770 1,373 42,921 1,398 8J76 23A91 30.599 I1,770 I73 42,921 1,398 8,376 48,874 56J03 25,383 23,491 2,213 208,928 48,874 2,213 260,015 Page 13 continued...
Merland Rlse Church Notes to the Flnanclal Statements - continued for the year ended 31 0ember 2023 CHARITABLE ACTIVITIÉS COSTS IntIn$J*dI The prfor year totsl Is allocated between fund categorles as foll¢)ws.' Grant funding Direct Costs of activities (see note 71 Support costs Isee note 81 Year ended 31112122 Totals Staff cosis and related e¥penditure Housing expense5 Church expense5 Printin& publiaty and outreach Departments Donations and giving Administratlon and other expenses 93A95 259 41A81 4.171 lJ161 20.979 29047 9395 259 41.381 4.171 25,530 20,979 46.S09 55,879 5m3 191593 46.509 5,053 243,155 GRANTS PAYABLE Y•ar ended 31112123 Totsl funds Unrestrlrted funds RestrScted funds Evan8ellcal Alllance FIEC Tlthes Energy Grant other charltable 8lvlDg 250 3,596 17,177 2,469 250 3,596 17,177 2,469 25.383 25,383 23.491 25,383 48.874 The prlor year totsl Is allpcated between fund cateKorle5 as follows.. Year ended 31112122 Total fvnds Unrest¢lcted funds Restrlct•d funds Evangelical Alllance FIEC TheS Othèr tharltsble 8ivlng 120 3,328 16.031 120 3.328 16,031 27,030 25,530 20.979 25,530 46,509 Page 14 continued...
Merland Rise Church Notes to the Flnanaal Statements- contlnued forthe year ended 31 Dernber 2023 SUPPOIiT COSTS Goveman¢• Costs Year ended 31112123 Year ended 31112122 Independent Exarniner's fees Legal and professional fees 460 4,593 2,213 5,053 TRUSTEES. RÉMUNERATION ANO BENEFITS Year ended 311IV23 Yèar ended 31112122 Trustses, salarl rrustees, sodal secUty Trustees, pen51on contrlbutlons to money purchast sthemes 47.798 44,415 1,573 2.386 51229 48,209 Tru5tees' eMpen$eJ Year ended 3U12123 Year Ènded 311IV22 Trustees, expen5e5 361 493 In the current perlod the trustees, expenses totalled £36112022 - £4931. The expenses related to the Pastor's Èxpenses In connection wlth thelr duties. Page 15 continued...
Merland Rise Church Notes to the Anancial Statements- ¢ontlnued for the year ended 31 December 2023 io. STAFF COSTS Year ended Year ended 3V12123 to 31112122 Wages and 5alarles Soclal securlty costs Other penslon costs 46,987 43,515 12131 1,471 1,555 48,542 44.773 The avernge monthly number ofemployee5 dvring the perlod was as foll¢)ws'. Year ended Perlod 114122 3111¥23 to 31112122 Pastoral Admini5tratlon and support No employee5 Tecelved pmoluments In excess of £60,OQ). ii. TANGIBLE FIXED AsseTS Freehold Fixture5 and properties fittings Totals COST At l January 2023 Addltlons 2A79,122 54391 2,750 I30,514 2.750 At 31 Dember 2023 U79.12Z 54,142 2.533,264 DEPRECIATION At l January 2023 Char8e for period 286A22 41,164 46ffj78 1977 333,000 44141 At 31 December 2023 a27,486 49h55 377.141 NET BOOK VALUE At 31 tkcembÈr 2023 2.ISI,636 7 2,156.123 At 31 December 2022 2,192,799 4.714 2,197,513 Page 16 contlnued...
Merland Rise Church Notes to the Flnanclal Statements- contlnued for the year ended 31 De¢ember Z023 ii. TANGIBLE FIXED A55ETS-tt*ntlnued The Ireehold propertles cornprises ihe Church's prernises and a freehold residential property. The Church's prern15es are Stated at its capltallsed value of E2,058,187 relatlng to the new buildin8. The re5identlal property comprises a freehold prDperty whlch is used as tied accomrnodation by the Pastor whlch bs Stated at C05t of £420,934 at the beginning of ihe perS0d. FIXED A55ET INVESTME Shares in group undertakings COST At l January 2023 At 31 Dember 2023 100 loo NET BOOK VALUÉ At 31 December 2023 At 31 Dernber 2022 loo There were no Investment assets outside the UK. The Church holds 100% ol the Issued share capltal of Merland Rlse Churth Tradin8 Limlted, a company registered In England and Wales. DE8TORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Year end•d 311iz123 Year ended 311W22 Other debtor5 Merland Rlse Church Tradlng Umlted Tax Prepayments and accrued Income L817 11,966 I470 6,346 4,559 9,258 6,830 6.838 34999 27,485 Page 17 continued...
Merland Rise Church Notes to the Flnanclal Statements- continued for the year ended 31 December 2023 CREDtroRS: AFIKIUNT5 FALLING DUE WITHIN ONE YEAR Year ended 3111¥23 Year ended 31112122 Trade credltors Soclal security and other taxes other credltor5 Attrued experbse5 and deferred Income 6.113 1,288 9W2 7.164 3,135 1,753 8.654 14,843 28,385 15. CREDITORS: AMOUNTS FALUNG DUE AFTER MORE THAN ONE YEAR Year ¢nd•d 31112123 Year ended 31112122 Other loans (see note 161 200,000 200,O)0 ifj. LOANS An anatysis of thè matudty of103Tr515 8l¥en below.. Amounis falllyvd due In more than one year= Repayable otherwtse than by Instalments.. Unsècured loans 200.000 200.000 See further detai15 in note 18. Page 18 contlnued...
Merland Rise Church Note5 to the Flnanrial Statements- continued for the year ended 31 Oecemb8r 2023 17. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 3V12123 At 111123 Unrestrlct8d funds General fund Manse fvnd General Reserve Fund General Repairs and Maintenance Fund 21,117 220,934 15,(KJO 33,128 17,593 38,710 220,934 15,OC 19,770 113,3581 290,179 4,235 294,414 R•slrlcted funds Bulldlng Fund Emergency Fund Men's Ministry Fund Women'5 MinSstry Fund Youth Ministry Fund Other Fund Idestlned 8lvingl 1,771,865 9,101 6,840 6,232 2,213 141,IS41 11,5991 921 17551 761 2.2091 L730,702 7,502 7.761 5.476 1974 4,224 IW2.685 44.0451 1,7S8,640 TOTAL FUNDS 2j19164 139 8101 53,054 Net movement In funds, Included In the above are as follow5.. In¢omin8 resources Rèsources expended Movement in fund5 Unrestrlcted funds General fund Gener?1 Repalrs and Malntènante Fund 197,703 iuo.iiol 17.593 193 68 Regtrlct•d funds Building Fund Emergency Fund Men's Min15try Fund Women's Mlnistry Fund Youth Mlntstry Fund Other Charltable Glvlng Fund 14LI541 IU991 11.4291 110501 16701 19,6351 141,1641 I1$9) 19211 17551 761 12,2091 so 1,295 1.431 17,4Z6 22,502 166,5471 144.0451 TOTAL FUNDS 220,205 1260,0151 139,8101 Page 19 continued...
Merland Rise Church Notes to the Financlal Statements- continued for the year ended 310ecember 2023 17. MOVEMENT IN FUNDS- ¢tInUed Comparatlves for movement In fund5 Net movement In funds Transfers between funds At 31112122 At 111122 Unrestrlcted funds General fund Manse fund Generèl Reserve Fund General Repalrs and Maintenance Fund 33,013 220,934 15,000 34,486 4,154 116,0501 21,117 220.934 113,3581 12,0(YJ 33,128 303,433 19,2041 14.0501 290,179 Re5trkted funds Bulldlng Fund ErneT8ency Fund Men's Mlnlstry Fund Women'5 Mlnlstry Fund Youth Mlnlstry Fund other Fund Idestlned glvlngl L813,029 11,617 5,090 5,376 1.228 1,573 141,1641 12,S161 1,7SO 18691 922 2,599 1,771,865 9.101 6.840 6.232 2,213 6,434 L725 2,262 1,837,913 139,2781 1,802,685 TOTAL FUNDS 2 141,346 148,4821 2.092,864 Comparatfve net movement In funds, Included In the above are as follows.. Incoming resources Resources expended Movement in funds Unrestrlcted fvnd5 General Fund General Repalrs and Malntenaneè Fund 165.732 1161,5781 358 174 936 4.154 165 732 Restrl¢ted funds Bulldlng Fund Emergency Fund Men's Mlnistry Fund Women's Mlnlstry Fund Youth Mlnlsiry Fund Other Charitable GNlng Fund {41,1641 I216) 141,1641 12,5161 L750 18691 922 2,599 1,750 18691 16151 123,055 1,537 25,654 28,941 I68,2) 139,2781 TOTAL FUNDS 194.673 1243,ISSI 148,4821 Page 20 continued...
Merland Rise Church Notes to the Flnancial Statements- contlnued for the year ended 31 December 2023 18. RELATED PARTY DISCLOSURES Details of the remur)eradoTh and èxpenses paid ta trustees is shown wlthln the Notes to the actounts. The total amount ot donations wlthout conditions received by the Churth from the trustees durfng the perfod was É15.107 Iperlod to 31.12.2022- £16,241). At 31 De¢ember 2023, the Church owed trustees £200.J0(31.12.2o22 £200,CMX)l. This loan Is unsecured, Interest free and repayable aftpr more than one year. Apart from the above, there were no related paity tran5èCtlons bebween the trustee5 and the Churth. Merland Rise Chur¢h Tradlng Llmlted Merland Rise Church Tradlng Llmlted IMRCTU 55 a wholly owned subsidiary of Merland Rise Church iaoi. Anv profits made by the company wlll be donated to the Church under gllt ald. No charitable donations were made to the Church durln£ the curTent perlod nor prlor year. At the year end, the Church was owed £11,966 131.12.2022- £9,2581 by that companv. 19. PEN%ON SCHEME The Churth operates a defined contrlbutlon pension scheme. The pension cost charge for the year represents contrlbutlons payable by the Church to the scheme and amounted w E3,943131.12.2022- £3,692). Contrlbutlons totalling £nil131.12.2022- Enill were payable to the schemè at the end of the year and are Tncluded In credltor5. ULTIMATE CONTROLLING PARTY The Church is controlled by the trustees under the general guldance of the Church Meetin8 in accordan wlth the Church's ccnstitution. 21. UNREsfRicfED DESIGNATED FUNDS Thè nature and purpose of the Church's unrestrirted deslgnated funds are as follows: Manse Thls fund comprtses the Interest In freehold Manse owned by the Churth. The Churth sold Its Manse and purchased another Manse in 2017 and granted the Pastor an optlon to purchase a part interest In thLt Manse. Thls option wa5 èxercised in January 2019. General R•serve Futsd Thls fund has been established to allow the Churth to cover unforeseen and unbudgeted increases and decreases in revenue and expenditure. G•neral Repalrs and Malntenanee Fund Thi5 fund has beén established to coveT malof unlnsured repalrs and maintenance cost5 of the new Church buildin8. Page 21 continued..
Merland Rlse Church Notes to the Financial Statements- contlnued fw the year ended 31 December 2023 22. RESTRICTED FUN05 The nature and purpose of the Church's Te5trlrted funds are as follow5.. Buildlng Fund This lund comprises the Churth's premtses whose redeveloprnentwas completed in 2017. ErnÈrgency Fund ThSs fund is available to the Pastor to use on a dlscJetloTrary basts for partlcular needs and 51tuatlons he Identffies amone the Church fellowship and ihÈ l¢)cal communlty. other Charitsble GIn8 Fund Thls fund re¢elves offerlngs from members of the Churth whlch are for spedfied thlrd party charltle5. Merf$, Women'g and Ytsuth's Mlnlstry Fund Thi5 relate5 to donations recel¥ed from member5 to suppart the actlvltles carrfed out by the respectlve ministrie5. Page 22 continued...
Merland Rise Church Oetalled Statement of Nnanclal Actlvitles for the year ended 31 Deumher 2023 Year ended 3V12123 Year ended 31112n2 INCOME AND ENDQWMEKrs Donatlons and14acles Freewlll offerlngs Donatlons Legacles Gift ald Comm1s51on refvable 135,729 30,344 113,5U6 31,674 18.801 27.633 194917 171948 InmMent Incom• Deposlt account Interest 1,511 412 Charftsbl• actmtl Use of meetlnll rooms 00 15,896 0th4r Incom• o¢her Income 9,177 5,417 Total In¢omln8r•sources 220,205 194,673 EXPENDITURE Charltabk actfvltles Trustees, salarte5 Trustees. s¢)dal securtly Trustees. pen51on contrlbutions Trustees. expenses Wages Soclal seojrlty PerL%lons Other operatlng leases Rent and rate5 Insurance Ught and heat Telephone Postage Sundrfes Carrled ft>rward 47,798 143 ZA88 361 44,415 1,573 1221 493 4315 12131 L471 IA55 iio 4744 9,521 759 6.726 10,636 994 1,429 120,969 1.524 110.437 Thts page does not form part of the statutory financial statements Page 23
Merland Rise Church Detsiled Ststement of Flnanclal Actlvltles for the year ended 31 De¢ember 2023 Year ended 3VIV23 Year ended JIJIV22 Charftsble actlvliles Brought forward Trainlng rièpairs and malntenance aèanin8 and tardenln8 Lin£eS Office Supplies Photocopyln8 Outreach Ilterature Other staff costs Speaker and slgnèr fees Bank charges Candles & decoration5 Church Servlce Church expenses Computer software Youthlchlldren mlnlstry expenses other expenses Fhold propertv Flxtures and fittln8s Donatlons & 6i¥lnB Trustees Discretlonary Fund 120,969 1,964 11183 7,567 L348 ¥494 59S 110.437 2,290 15.784 5.241 1,316 1,645 3,S49 914 150 142 185 1.445 1.472 1,244 1,061 259 41,164 1,990 46,509 ios 1,095 5,319 2,S59 7,633 41J64 1977 48A74 257W02 238.102 Support ¢05ts GovernanrR costs Independent Examiner's fee5 Legal and professlonal fees 1*13 4.S93 Z.213 Totsl resources expended Z60,015 243.155 Netexpertdthrn 391) 48,4821 Thls page does not form part of the statutory finanelal Statements Page 24