Arnold Road Evangelical Church
Report and Accounts Year ended 30 September 2024
1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk
ARNOLD ROAD EVANGELICAL CHURCH
LEGAL AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
ADDRESS FOR CORRESPONDENCE Arnold Road Evangelical Church Arnold Road Nottingham NG5 5HN GOVERNING DOCUMENT Constitution dated March 2011, amended 8.6.22. CHARITY REGISTRATION NUMBER 1190512 TRUSTEES RESPONSIBLE FOR N L Pomeroy - Pastor MANAGING THE CHARITY H Mitchell - Secretary D Myers - Treasurer E Neat A R Williams CUSTODIAN TRUSTEES Church Growth Trust BANKERS Barclays Bank plc CCLA Fund Managers Limited INDEPENDENT EXAMINER Jaimée Young Stewardship 1 Lamb's Passage LONDON EC1Y 8AB
INDEX
Page 1 Legal and Administrative Details Pages 2-3 Trustees' Report Page 4 Independent Examiner's Report Page 5 Receipts and Payments Account Page 6 Statement of Assets & Liabilities Pages 7-8 Notes to the Accounts
Page 1
ARNOLD ROAD EVANGELICAL CHURCH
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Objects of the charity
The charity, which is a church, is governed by a constitution and is constituted as a trust. The charity’s principal object is the advancement of the Christian faith. To do so we seek to glorify God through obeying his word the Bible.
Review of the charity's main activities and achievements
To further the above objects and vision, the charity's main activities and achievements were as follows:
Public worship services on Sunday morning and Sunday evening, with prayer, reading the scriptures, sung worship and expository preaching through the Bible, generally from the Old Testament at one service and the New Testament, for the building up of the people of God and presenting the Gospel of grace to the lost.
Every Sunday morning, classes are held for all ages from three years old up to mid-teens and are well attended.
The midweek youth work during term time has continued to thrive, for primary school age on Thursdays, early secondary school age on Fridays and a young adults Bible study also. A minibus is provided for collecting children from around the local estates to attend these clubs.
Coffee morning and a weekly table tennis evening continues to be an opportunity to welcome local people to an informal introduction to the church, as well as bi-monthly Ladies and Men’s fellowships.
Our Evangelist Huw Mitchell with help from a team of regular helpers, have continued to visit door to door in the locality and hold small group Bible studies for contacts and enquirers. Also, the monthly Breakfast café which is free and open to all who wish to come has been well attended by local people.
There have been other evangelistic events, and the week of evangelism with a family event and barbeque at the end which again was free, and well attended by about 150 people from the neighbourhood.
There have been many opportunities to meet and speak to people about the Gospel which we pray will bear fruit in conversion to Christ. A news-sheet has also been produced and distributed widely to local homes, presenting the Gospel in an attractive format.
Many classes from local primary schools attended the Bible exhibition early in the year and the Pastor and Youth worker have taken assemblies. Our youth worker Anna Baker has been employed part time this year continuing the ministries in local schools as well as those at church.
Membership has increased during the year and a number were baptised at Easter and others have been attending baptismal classes.
Attendance on Sunday mornings has exceeded capacity for some time and the Elders and Deacons are actively seeking the best solution for this including consulting C.P.L. Architects for feasibility studies for expanding capacity through alterations to the building.
Thomas Ngugi has joined us as Assistant Pastor with his wife Mercy, and we are grateful to the Lord for his ministry over the past year.
The church website, Church Suite and social media continue to aid communication among members and enquirers and present the ministries of the church to the community. Services are now streamed on YouTube live, and also recorded so they can be accessed by members later if they were unable to be present at the service.
Page 2
At the June members' meeting, revision of item 3 (Humanity) of our statement of doctrine (schedule 1 of the constitution) was revised to agree with the FIEC doctrinal basis.
An Ethical Statement drawn up by the Pastor in consultation with the Elders was approved by members at the church meeting in September and will be appended to the church rules. We thank God for his continued help. May He be glorified in all we do.
In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.
Financial review
During the year income increased by £13,800, to £180,600, and expenditure decreased by £5,600, to £146,200. As a result the cash held by the charity increased by £34,400, to £158,600, of which £126,100 is unrestricted and can be used for any charitable purpose.
Reserves policy
The trustees have determined that the charity should aim to hold unrestricted cash of no less than £70,000 (which equates to about 6 months of unrestricted expenditure) so that the charity could continue to operate should income and / or expenditure vary adversely. At the year end, the charity held unrestricted cash of £126,100 and the charity is holding excess funds for the purpose of planned building refurbishments, as explained above.
Governance
The policy and operating decisions of the charity rest with the Trustees, who meet regularly to monitor the activities of the Trust. Day to day management of church affairs is undertaken by the Elders and Deacons of the Church. All appointments are confirmed by the membership at the Annual General Meeting of the Church.
Responsibilities of trustees
Charity law requires us as Trustees to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year.
We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011.
We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.
Approval
This report was approved by the trustees and signed on their behalf by:
____ ____ D. Myers H. Mitchell
Date:_____
Page 3
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF
ARNOLD ROAD EVANGELICAL CHURCH
I report to the trustees on my examination of the accounts of Arnold Road Evangelical Church ('the charity') for the year ended 30 September 2024 on pages 5 to 8 following.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).
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(5)(b) of the 2011 Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in accordance with section 130 of the 2011 Act; or
-
the accounts do not accord with the accounting records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Jaimée Young
Stewardship 1 Lamb's Passage LONDON EC1Y 8AB
Date:
Page 4
ARNOLD ROAD EVANGELICAL CHURCH
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
| Unrestricted | Funds | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| General | Designated | Restricted | Total | Total | ||||||
| Funds | Funds | Funds | 2024 | 2023 | ||||||
| Notes | £ | £ | £ | £ | £ | |||||
| Income receipts | ||||||||||
| Donations | 139,141 | - | 6,530 | 145,672 | 134,143 | |||||
| Gift aid receipts | 25,251 | - | 928 | 26,179 | 27,221 | |||||
| Income from courses and events | 4,206 | - | - | 4,206 | 1,417 | |||||
| Income from letting of facilities | - | - | - | - | 1,629 | |||||
| Investment income | 4,452 | - | - | 4,452 | 2,323 | |||||
| Other | 40 | - | - | 40 | - | |||||
| Total receipts | 173,090 | - | 7,458 | 180,548 | 166,733 | |||||
| Payments | ||||||||||
| Payments in relation to activities undertaken directly |
charitable | 2 | 115,750 | - | 13,101 | 128,851 | 144,910 | |||
| Grants paid in relation to activities undertaken by others |
charitable | 3 | 15,105 | - | 2,208 | 17,313 | 6,870 | |||
| Total payments | 130,855 | - | 15,309 | 146,164 | 151,780 | |||||
| Net of receipts / (payments) transfers |
before | 42,235 | - | (7,851) | 34,384 | 14,953 | ||||
| Transfers between funds | 5 | (32,235) | 32,235 | - | - | - | ||||
| Net movement in funds | 10,000 | 32,235 | (7,851) | 34,384 | 14,953 | |||||
| Cash funds as at last year | end | 60,000 | 23,859 | 40,402 | 124,261 | 109,308 | ||||
| Cash funds at this year end | A | 70,000 | 56,094 | 32,551 | 158,645 | 124,261 |
The notes on pages 7 - 8 form part of these accounts.
Page 5
ARNOLD ROAD EVANGELICAL CHURCH
STATEMENT OF ASSETS AND LIABILITIES
AS AT THE YEAR ENDED 30 SEPTEMBER 2024
| A Cash funds Current account Reserve account Deposit accounts B Other monetary assets Gift aid due to charity C Liabilities Falling due within one year: PAYE due Mortgage Pension due Fee for Independent Examination Falling due after one year: Mortgage Total |
General Designated funds funds £ £ 11,700 - 153 40,304 58,147 15,790 70,000 56,094 10,991 - 10,991 - 1,997 - 7,597 - 460 - 1,530 - 11,584 - 15,531 - 15,531 - 27,114 - Unrestricted Funds |
Restricted funds £ - 32,551 - 32,551 - - - - - - - - - - |
Total 2024 £ 11,700 73,008 73,937 158,644 10,991 10,991 1,997 7,597 460 1,530 11,584 15,531 15,531 27,114 |
Total 2023 £ |
|---|---|---|---|---|
| 11,269 42,726 70,266 |
||||
| 124,261 | ||||
| 9,000 | ||||
| 9,000 | ||||
| 1,891 7,189 - 1,140 |
||||
| 10,220 30,923 |
||||
| 30,923 | ||||
| 41,143 |
The mortgage is secured on the property at Belleville Drive, Nottingham, and is repayable over 15 years at a current interest rate of 7.75% per annum
| D Assets retained for charity's own use Church building and two manses Church contents Motor vehicle |
Fund to which asset belongs General General General |
Value 2024 £ |
|---|---|---|
| 74,228 2,500 |
||
| 76,728 |
The trustees have used insurance values for the church contents as the trustees are unable to reliably estimate current values; insurance values may differ materially from current values. The value of buildings has not been shown (this is not mandatory).
The value of the minibus has been estimated.
Churches Growth Trust is the custodian trustee for all AREC properties.
The accounts were approved by the trustees and signed on their behalf
by and date ___D. Myers ___H. Mitchell _____
The notes on pages 7 - 8 form part of these accounts.
Page 6
ARNOLD ROAD EVANGELICAL CHURCH
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1 Accounting policies
The accounts have been prepared on a receipts and payments basis and comprise a statement that shows the charity's receipts and payments, a statement that summarises the charity's assets and liabilities and related notes. The accountancy profession have determined that only accounts prepared in accordance with applicable accounting standards present a 'true and fair' view and, as these receipts and payments accounts have not (and cannot) be prepared in accordance with accounting standards, these accounts do not present (and are not intended to present) a 'true and fair' view of the charity's financial activities and state of affairs.
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.
| 2 Payments in relation to charitable activities undertaken directly Employment costs (incl. minister exps) Note 4 Property costs: Belleville Drive mortgage Belleville Drive other costs Manse Note 4 Church Church Extension - new windows and doors Insurance Evangelism Training Work among the young Minibus expenses Governance Property trust legal costs Administration and support Other 3 Grants paid in relation to charitable activities undertaken by others Organisations: Childs Hill Baptist Church FIEC Barnabas Fund African Pastors Conference Other Organisations < £1,000 |
Unrestrict | Designated funds £ - - - - - - - - - - - - - - - - - - - - - - ed Funds |
Restricted Funds £ 12,971 - - - - - - - 130 - - - - - - 13,101 - - 1,573 635 - 2,208 |
Total 2024 £ 72,331 17,597 2,243 2,133 14,971 - 2,575 5,875 1,093 2,115 2,785 1,158 180 2,334 1,461 128,851 5,000 6,672 1,573 864 3,204 17,313 |
Total 2023 £ |
|
|---|---|---|---|---|---|---|
| 65,275 7,189 4,855 2,005 15,434 9,894 2,412 7,329 19,000 5,532 1,792 1,410 - 2,081 702 |
||||||
| 144,910 | ||||||
| - 715 - 1,038 5,117 |
||||||
| 6,870 |
Page 7
ARNOLD ROAD EVANGELICAL CHURCH
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
4 Transactions with related parties
N Pomeroy served as a church leader and was paid £26,743 [2023: £25,410], plus £1,337 employer pension contributions, for serving in that capacity, not for serving as a trustee; these payments are permitted by the charity's governing document.
In addition the charity incurred expenditure totalling £2,133 [2023: £2,005] in respect of the provision of accommodation (which is customary for ministers) to N Pomeroy, who is a trustee, so that they could better perform their duties.
H Mitchell served as an assistant pastor and was paid £11,546 [2023: £10,971], plus £577 employer pension contributions, for serving in that capacity, not for serving as a trustee; these payments are permitted by the charity's governing document.
| 5 Movement of funds General funds Designated funds Replacement of the minibus Major refurbishments Restricted funds Harvest Christmas Church Refurbishments Gospel Worker Minibus African Pastors Conference Youth Worker Member Ministry Support Member Ministry Support Total funds |
Opening balance £ 60,000 7,213 16,646 83,859 - 119 20,797 - 6,506 - 12,850 - 130 40,402 124,261 |
Receipts £ 173,090 - - 173,090 565 1,563 1,122 3,440 - 635 - 133 - 7,458 180,548 |
Payments £ (130,855) - - (130,855) - (1,573) - (3,440) - (635) (9,531) - (130) (15,309) (146,164) |
Transfers £ (32,235) - 32,235 - - - - - - - 133 (133) - - - |
Closing balance £ |
|---|---|---|---|---|---|
| 70,000 7,213 48,881 |
|||||
| 126,094 | |||||
| 565 109 21,919 - 6,506 - 3,452 - - |
|||||
| 32,551 | |||||
| 158,645 |
The Harvest Fund relates to an annual Harvest appeal for specific causes.
The Christmas Fund relates to an annual appeal at Christmas for specific causes.
The Church Refurbishment Fund relates to donations given to cover future needs including possible extension work to the building and cost of reroofing the back hall.
The Gospel Worker Fund was set up for donations towards the employment costs of an assistant pastor.
The Minibus Fund relates to donations given for the purchase of a new minibus.
African Pastors Conference Fund is to support a Christian conference held in Africa. The Youth Worker fund is supporting the work of the provision of a youth worker.
The Member Ministry Support Funds were set up for two members of the church who were training for ministry. The remaining balance was transferred to the Youth Worker fund with permission from the donors.
Page 8