REGisfERED CHARITY NUMBER: 1190135 STEPHEN HILL PARfNERSHIP C176B REPORT OF THE TRUSTEES AND UNAUDITED FtNANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR THE EVANGELICAL CHURCH Stephen Hill Partnership Limited 139-141 Wailing Street Gillingham Kent ME7 2YY
THE EVANGELICAL CHURCH CoNTEs OF THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 31 MARCH 2024 Pag¢ Report of the TnLq¢eS Independent ExamineV5 Reporf Sthtement of Financial Activities Balance Sheet Noies to the Financial Statements 7 to 12 Detsiled Statement of Financial Activities 13 to 14
THE EVANGELICAL CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trle¢S pr¢sen¢ their report with the financial 5tstements of th¢ charity for the year ended 31 Marth 2024. The trLEStee5 have adopted ihe provision5 of Accounting and Reporting by Charities.. Statemeni of Recommended Pra¢tiee applicable lo charities preparing their accounts in accordance wth the Financial Reporting Standard applicable in th¢ UK and Republic of Ireland {FRS 102) (effective l January 2019). OBJECTIVES AND A1VITIEs Objectlv¢5 and 4irn9 The Trust seeks to demonstrate the christian faith in action by: - Being an active church in the North K¢ni Area Se¢king to advance the christian faith Helping to relieve sicknes5 and financial hardship . Helping to advance education consisteni with the objectives Public benellt The trustees have had due regard to the Charity Conuni5sion's guidance on public benefi¢ when reviewing the charity's objectives and planning its fUe activities. This annual report will aim to demonstrate the link belween our ¢hari(able a¢tivity and how this benefits our servic¢ us¢rs. ACHIEVEMENT AND PERFORMANCE Charlt*bl¢ i¢tlviiles CEC comprises a group of Chrisiians whose aim is demonstraie th¢ Christian faith wherever possible to people lo¢ally. nationally. and internationally The activities of CEC attra¢1 a mulii-national ¢ongregation of believeT5. The age T&¢$ are also v¢ry evenly balanced and this provides the ¢hur¢h with a broad outlook. Th¢ Sunday morning services are held at the nearby Fort Pitt Grammar school due to the size of the congregation for Ihese 5ervice5. During these services ihe church provides a Sunday school for children between the a8e5 of 3 to I l years of age. At the CEC premises in Ordnance Street Chatham ihe church holds A Prnyer Mwingi Bible Teachin& Chatterbox {parent5 with toddlers, group), Youth Group. Ladies Grnup, and a Chrisiian Music Group. Church House Groups and common inter¢st Conn¢ci Groups are 8150 organized by the church. Children's Holiday Clubs also take place durin8 school holidays. A Foodbank is operated from the CEC building by Medway Foodbank on a Wednesday. CEC covers all the heatin8 and li8htin8 costs and provide$ suitable srture 51oTa8e for the food stocks. CEC also continue$ io support through an infornial network the aciiviiies of Churches To8ether in Medway. During the year CEC allowed a lo¢al ¢hur¢h with the same objective5 and purposes to hold sund¥y moming services at 138 Ordnance Strtei whilst they looked for possible alternative venues. In October 2023 CEC made a si8nif1¢4nt donation of £20.000 to the Grace Church in Maidstone (Charity registration number 1119181 I building project. The purpose of the building project is io enable ihe church io provide more community based aciivilies su¢h 45 youth and children groups. The CEC congregation was consulted prior to the donation being made and thi5 in¢luded a site visii on a Saiurday morning. No objections were raised regarding the donation and the CEC tTUStees were comfortable thai the purposes and objKtiv¢s of Grn¢¢ Churrh were aligned to CEC. The donation mad¢ a Significant contribution which enabled th¢ next phas¢ of works io progr¢55. FINANCIAL REVIEW Fillanel81 p05ltioD The results for th¢ year and the Chariiys financial position at th¢ ¢nd of the ye4r are shown in the atta¢hed financial statements. During the year the charity had income of £109.957 and expertdÈtur¢ of £149,889. There an operatirtg defieit of £39,932. Page I
THE EVANGELICAL CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 FINANCIAL REVIEW Principal funding sourees CEC is reliant on the voluntary giving of those who attend ihe CEC weekly ¢hur¢h %rvL¢¢5. In nomial circumstances each year as a guide io¢Tr/o of the income of CEC is donated io other organisation5 which the Tn¢¢$ collectiv¢ly d¢¢id¢ upon with reference to the aims of ihe CEC set out in ihe Chariry Consiiturion. To benefit from HMRC Gift Aid CEC p#rft¢ipates in the Assemblies of God Gift Aid Scheme. In planning the aciiviiies of CEC. the TnteeS have had regard to th¢ guidance on public b¢n¢fit is$u¢d by th¢ Charity Commission. CEC ha5 four employtts which ¢ons15ts of a full time Pastor, a part ttin¢ P&sioTal As$isiant, o part tim¢ Children's Worker and a part lim¢ Tr¢asurer. CEC believe that the primary focus of the employtts should be on pastoral carc and Christian t¢¥¢hing. Around I Ilhl of th¢ total r¢lited salary costs are for administratiyelfinance work. Many of the activities are achi¢ved through voluntary service and these valuable CEC mernbers ¢over a wid¢ range of duiie5 from Trusteeship to every day cleaning to ensure that CEC oper4tes in line with its objectives and PUTP05¢. Reserves poll¢y The board of tNstees have established 4 policy whereby free reser*¢s held by th¢ Charity should be m8intain¢d in accessible bank accounts at Kingdom Bank and Shawbrook Bank. STRucfuRE. GOVERNANCE AND MANAGEMENT Governlng document The Organi110n is a charitable incorporai¢d organisalion, incorporaied on 26 Jun¢ 2020 and Commenced to irade on I June 2021. The Charity w&s established under a foundaiion mod¢l con5tilution which e5tablishe5 the objectives power5 of the charitable incorporated or8anisaiion 8nd is 8ovemed under its consiiiuiion. The chariry ha5 its own safe8uardin8 policy and use5 a professional third party provider for DBS certification. orygnlsatlonal structure The trustees mcei ea¢h month with key $taff and deal with the administration of the Chariry encompassing the str01¢8i¢ Yi$ion, finan¢ial accouniabiliry and risk managemeni. Related partles There wer¢ related party transadions for the period end 31 March 2024. The church reimbursed tickets and a¢¢ommodation costs for som¢ trustees lo attend the Assemblies God Annual Confer¢nc¢. ai a ¢ost of £2.827. The Charity doe$ subxribe io the Assembli¢s of Gthl, Great Britain, (Charity Number 1032245) as this provides the church wilh ac¢¢ss to pastoral oversi8ht and Support. Rlsk m#n•KeThent The trustees have a duty io idenlify and review the risks io which the charity is exposed and io ensure approprIC contro15 are in place to provide reasonable assurance ag#in51 fraud and error. REFERENCE AND ADMINISTRATIVE DETAII Registered Charity number 1190135 Prlncipal addre$s Ordnance Street Chatham Kent ME4 4SE Tru$t¢es Mr J P Holland (tesigned 3.4.23) Mr M Leicesier-smith Mr D S Hadlurn Mr B J Sloan Mrfj S RN Arulmani Mr S Popoola Mr S W Friday Page 2
THE EVANGELICAL CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner Stephen Hill Partnership Si¢phen Hill Partnership Limited 139-141 Watling Street Gillingham Kent ME7 2YY Approved by order of the board of tsvstets on 19 September 2024 and sign¢d on its behalf by.. *&•• Mr B J Sloan - Trustee Page 3
INDEPENDEKt EXAMfNER'S REPORT TO THE TRUSTEES OF THE EVANGELICAL CHURCH Independent examiner'5 report to the tr115tees of Tbe Evangelic•l Cbureh I report io the ¢hariiy st5 on my examination of the accounts of The Evangeli1 Church lthe Tn1) for the year ended J l Ma 2024. Responsibiliti¢$ #tsd basLq of report As the charity tnjstees of the TnL8t you are responsible for the pTeparntion of the aonts in acrdanCe wilh ¢he requir¢m¢nts of the Charitie5 Ac¢ 2011 {the Acf). I report in respect of my examination of th¢ Trust's accounts carried out under Section 145 of the A¢1 and in carrying out my examination I hav¢ followed all applicable Directions given by the Chariry Comrnission under Section 145(5)Ib) of the Aci. Independertt examiner's sta¢emen¢ I havc ¢ompleied my examination. l ¢onfLmi ihar no material mallers have come io my attention in connection with the examinalion 8iving me cause io believe that in arty MtrIaL respect- accounting record5 wer¢ noi kept in respecl of the Trust as required by S¢ction 130 of the Act- or th¢ a¢¢ounis do not accord wi¢h those records. or the ac¢ounts do not comply with the applicable requirements ¢onc¢rnin8 the form conten¢ of accounts 5¢¢ Out in the Charities (A¢¢ounts and Reports) Regulations 2008 other than any requirernent that the accounts give a true and fair view which is not a matter considered as part of an independent exomination. I have no concerns and have come across no other maners in conneclion with the examination io which attention should be drnwn in this report in order lo enable 4 proper understanding of ihe accounts to be rea¢hed. 6HP Stephen Hill Partnership Stephen Hill Partnership Limit¢d 139-141 Watling Street Gillingham Kent ME7 2YY 19 Sepiember 2024 Page 4
THE EVANGELICAL CHURCH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 Total funds 2023 Totsl funds Unrestricted Restric funds Not¢5 INCOME AND ENDOWMENTS FROM Dono1iort$ and legacies 102.889 4.696 107.585 107,151 Charitable *ctlvitles Children and youih in¢ome 161 Other trading activities Investmeni income 15 2,357 15 2.357 532 998 Tolwl 105.261 4,696 109,957 108.842 EXPENDITURE ON Charltable actlwiti General 143.627 6.262 149,889 118,751 NET INCOMEI{EXPENDITURE) {38.366) (1,566) (39,932) (9,909) RECONCILJATION OF FUNDS Total funds brought forward 702.531 1.766 704297 714,200 TOTAL FUNDS CARRIED FORWARD 664.165 200 664.365 704,297 The noies form p#rt of th¢5e financial sralements Page 5
THE EVANGELICAL CHURCH BALANCE SHEET 31 MARCH 2024 2024 Totsl fund5 2023 Total fimds unrestrict Restricted fimd funds Notes FIXED ASSETS Tangible weis 486208 486.208 502,957 CURRENT ASSETS Debtors Cash at bank and in hand 10 8,698 171.428 8.698 171.628 5,685 197,215 200 180,126 200 180,326 202,900 CREDITORS Amounts falling due within one year (2.169) (2.169) (1,560) NET CURREKf ASSETS 177,957 200 178,157 201,340 TOTAL ASSETS LESS CURRENT LIABILITIES 664,105 200 664,365 704.297 NET ASSETS 664,165 200 664.365 704,297 FUNDS Unr¢siricted funds Restricted funds 12 664,165 200 702,531 1,766 TOTAL FUNDS 664,365 704,297 The fInan¢ial statements were opproved by the Board of Trrns and auth0ri5ed for issue on 19 September 2024 and were sigrted on its behalf by: Mr B J Sloan- Tryst¢e The notes forn) part of these financial statem¢nts Page 6
THE EVANGELJCAL CHURCH NOTES TO THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Basis of preparing the finaDeial ststernents The finan¢ial slaternents orth¢ Charity. which is a public benefit entiry under FRS 102. have been prepared in accordance with the Charitie5 SORP (FRS 102) 'Accouniing and RewTrrting by Charities.. Statement of Recommended Practice applicable ¢0 charities preparing their accounts in a¢¢ordan¢e with the Financial Reportin8 Siandard applicabl¢ in the UK and Republic of Ireland {FRS 102) (effective l January 2019),, Financial Reportin8 Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Charities Aci 2011. The financial sthtements have been pr¢pared under the historical cost onveniion. Incomt All income is recognised in the Statement of Financial Aciiviiies on¢¢ the charity has entitlement to the fund$. it is pn)bable that the income will be received the amouni can be M¢Ured reliably. Expendlture Liabilities are recognised &8 expendiiure as soon as there is a legal or con51Nclive obligation committin8 the charity io that expenditure, il 15 probable thai a transfer of economi¢ benefits will be required in settlement and the amount of ihe obli8aiion can be measured reliably. Expenditure is account¢d for on an accNals basis and has been classified under headings tha¢ aggregate all ¢ost related to the category. Where costs cannot be dir¢¢tly attribu(¢d to particular h¢adings they hav¢ been allocated to a¢¢ivi¢ie5 on a basis con$i$ieni with ihe use of resour¢e5. Grants offered subject to ¢ondi¢ions whi¢h have noi been m¢1 0¢ the year end date ar¢ noted a commitment but noi a¢¢rued as expenditure. T%nglbl¢ flxed assets Depreciation is provided 01 the following annual rates in order WTile off each asset over 1¢$ e51imated useful Freehold property Plant and machinery Computer equipment 20/• on ¢0st 200/• on cost 33V• on reducing bolan¢e Tgxatlo The charity 15 exempt frorn lax on its chariiable activiii¢$. Fynd Iccountlng Unrestri¢t¢d funds can be used in accordance with the ¢hariiable objectives 41 the discretion of the trustees. Restricted funds ean only be used for particular restricted purpose$ within the objects of the charity. Restrictions rise when specified by th¢ donor or wh¢n fund5 are raised for particular restrici¢d purp05e5. Further explanation of th¢ nature and purpose of each fund is included in the notes to the financial statements. Page 7 continued...
THE EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENfs- conlinued FOR THE YEAR ENDED 31 MARCH 2024 DONATIONS AND LEGACIES 2024 2023 Donations Gift aid Grants 89,045 13.843 4.697 81,805 10,454 14,892 107.585 107.151 Granis re¢¢ived. included in the above. are 8$ follows.. 2024 2023 Foodbank Ukraine Ladies Ashburnham Newday Romania Earthquake Kid$ Church chatterboxlyouth 325 155 2,232 503 7.315 3.270 60 1,257 100 52 205 3,744 100 271 4,697 14,892 OTHER TRADING ACTIVITIES 2024 2023 Fundraising events Hall hire 15 132 400 15 532 INVESTMENT INCOME 2024 2023 Deposit accouni int¢re5t 2,357 998 P¥ge 8 continu¢d...
THE EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENfs - coniinued FOR THE YEAR ENDED 31 MARCH 2024 INCOME FROM CHARITABLE AcfiviTIES 2024 2023 Artivity Children and youth ith¢orne Children and youth income TRUSTEES. REMUNERATION AND BENEFITS One trustee, Rev D Hadlum, received remun¢raiion of £34.440 plus pension costs of £471, in his capaciry as minister of the church and not as a trwt¢e. Trustees, expenses The church did reimburse entry ticket and a¢¢ommodalion costs for some TTU5tees to attend the Assemblies of God Annual Conference. This was done as part of their Tntsie¢ duties and noi for any prof¢ssiono1 service5 provided io ihe church. STAFF COSTS The average monthly number of employee5 durin8 the year was as follows.. 2024 2023 Charitable a¢iivities No employtts rectived ernolumenis in excess of £60.000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestri¢t¢d fund Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donation$ and le8acies 92259 14.892 107,151 Ch*rlt4ble ictlvllles Children and youth income 161 161 Other tradin8 aclivities Investsnent income 532 998 532 998 Total 93,789 15.053 108,842 EXPENDITURE ON Charitgble activlties General 105.301 13.450 18.751 NET INCOMEI(EXPENDITURE) (11.512) 1.603 (9,909) RECONCILIATION OF FUIYDS Total funds brought forward 714.043 163 714,206 TOTAL FUNDS CARRIED FORWARD 702.531 1,766 704,297 Page 9 continued...
THE EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENfs- continued FOR THE YEAR ENDED 31 MARCH 2024 TANGIBLE FIXED ASSETS Freehold property Plant at)d machincry Computer equipment Totals COST At l April 2023 Additions 500,000 37.482 ,024 404 537.886 1,024 At 31 March 2024 5LK).000 38.506 404 538,910 DEPRECIATION A¢ l April 2023 Charge for year 20.000 10,000 14.796 7.684 133 89 34.929 17.773 At 31 Mar¢h 2024 30,000 22.480 222 52,702 NET BOOK VALUE At 31 March 2024 470.000 16,026 182 486.208 At 31 Mar¢h 2023 480,000 22,686 271 502.957 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other debto 8,698 5,685 CREDITORS: AMOUJYTS FALLING DUE WITHIN ONE YEAR 2024 2023 Taxation and so¢ial security her creditors 609 1,560 1.560 2,169 1,560 12. MOVEMENT IN FUNDS Net movernent in funds At 31.3.24 Ai 1.4.23 Unre$trl¢ted fund$ General fijnd 702.531 (38.366) 664.165 Restrl¢t¢d (unds General 1.766 (1.566) 200 TOTAL FUNDS 704,297 (39.932) 664,365 Page 10 continued...
THE EVANGELICAL CHURCH NOTES TO THE FtNANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 12. MOVEMENT IN FUNDS- continued Net movement in fimd4 in¢lud¢d in the al)ove are as follows: Incoming re50urce5 Movement in fund5 expended unr¢$lrjct funds General fund 105.261 (143.627) 138,366) Restrlcted fuDd$ General 4,696 (6.262) {1.566) TOTAL FUNDS 109.957 (149,889) (39.9321 Compgratlves for movernent In funds Net mov¢m¢nt in fimdy At 31.3.23 At 1.4.22 Unregtrl¢l¢d fundy General fimd 714,043 (11,512) 702.531 Restricted funds General 163 1.603 1,766 TOTAL FUNDS 714.206 (9,909) 704.297 Comparative net movement in fund4 included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestrl¢ted funds Generdl fund 93.789 (105.301) {11.5121 Restrl¢ted funds General 15,053 (13,450) 1.603 TOTAL FUNDS 108.842 {118,751) (9,909) Pagell conunued...
THE EVANGELICAL CHURCH NOTES TO THE FINANCIAL STATEMENfs- continued FOR THE YEAR ENDED 31 MARCH 2024 12. MOVEMENT IN FUNDS- continued A Current year 12 months and prior year 12 rnonths combined position is as follows: Nei movement in fvnds At 31.3.24 At 1.4.22 Unrestricted funds General fund 714,043 (49.878) 664,165 R¢stri¢t¢d funds Generdl 163 37 200 TOTAL FUNDS 714,206 (49,841) 664.365 A current year 12 months and prior year 12 rnonth$ combined net movemeni in fimd& included in ihe above are as follow$'. Incoming resour R¢sourees expended Movement in fimds Unrestrl¢l¢d funds Gener41 fid 199,050 (248.928) (49,8781 Re$¢rlcted funds General 19.749 (19,712) 37 TOTAL FUNDS 218,799 (268,640) (49,841) RELATED PARTY D15CLOSURES There were related paty transa¢iions for the period end 31 March 2024. The chUb reimbursed tickets and ac¢ommodation costs for some tru51ee5 lo attend the Assemblies God Annual Conference, #I a c05t of £2,827. Page 12
THE EVANGELICAL CHURCH DETAILED STATEMENf OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 INCOME AND ENDOWMENTS Donations Ind legeles Donations Gift aid Grants 89,045 13,843 4,697 81.805 10,454 14,892 107,585 107.151 Other tradlng #etlvlll Fundraising events Hall hire 132 400 15 532 lttve5trnent Income Deposlt account inier¢s¢ 2.357 998 Chlrltable #¢tlvltleJ Children and youth income 161 Total Incomlng resour¢¢s 109,957 108,842 EXPENDITURE ChrltAble a¢llvltles Wages Li8hi, heat 8nd ¢leanin8 Sundries Ministry and training Children and youth work Subscriptions Hall hire Communion Property repairs Grace ¢hurch donation Conf¢rence expenses Grants to institutions Grants ¢0 individuals 62,334 4.542 723 58,188 2.278 1,387 2,339 55 2,812 10,993 259 2.285 498 3,132 .742 232 8.450 23,597 2.827 3,360 7,959 3,360 13,430 127,547 97,406 Support costs M#nig¢ment Insuranr¢ T¢lephone P051age and stationery 2.048 327 202 1,870 338 68 2.577 2,276 This page does not forni part of the 5talu¢ory financial statements Page 13
THE EVANGELICAL CHURCH DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Management Other Fr¢¢hold property Plant and machinery Computer equipment 10.000 7.684 89 10,000 7.496 133 17.773 17,629 Governance cojts Accouniancy and legal fees 1.992 1,440 Total resour¢es expended 149.889 118,751 Net expendlture (39.932) {9,9091 This page does not fonn part of the statutory financial slatements Page 14