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2025-03-31-accounts

Charity registration number: 1195749

CANNING ROAD EVANGELICAL CHURCH

a Charitable Incorporated Organisation

UNAUDITED FINANCIAL STATEMENTS AND

TRUSTEES REPORT

FOR THE YEAR ENDED 31 MARCH 2025

https://canningroad.co.uk/

CANNING ROAD EVANGELICAL CHURCH

INDEX TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page
Legal and administrative information 1
Trustees' annual report 2 - 5
Independent examiner's report to the trustees 6
Statement of financial activities 7
Statement of financial position 8
Notes to the financial statements 9 - 14

CANNING ROAD EVANGELICAL CHURCH

LEGAL AND ADMINISTRATIVE INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

Registered charity name: Canning Road Evangelical Church
Trustees: Mr D R Geering
Mr M D Harding
Mr L R Milner
Mr D Styles
Chairperson: Mr D R Geering
Treasurer: Mrs L King
Charity registration number: 1195749
Charity Address: Canning Road Evangelical Church
Canning Road
Southport
PR9 7SS
Independent examiner: Mr W A Harrison
Apt 37 Brunlees Court
19-23 Cambridge Road
Southport
PR9 9DH
Banker: NatWest Bank
130 Lord Street
Southport
PR9 0AE

Page 1 of 14

CANNING ROAD EVANGELICAL CHURCH

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2025

The trustees submit their annual report and financial statements for the year ended 31 March 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102)', issued October 2019 in preparing the annual report and financial statements of the charity.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is a charitable incorporated organisation (CIO), incorporated on 8 September 2021 and governed by its constitution and associated statement of faith. On 1 June 2022 the property and assets of the previously unincorporated trusts were transferred to the new CIO and those trusts continue to be in the process of being formally wound up. All charity activity is now being undertaken through this CIO.

Recruitment and appointment of the trustees

The board seek to achieve a balance of skills and experience amongst the trustees, of which it must have a minimum of 3. In order to maintain this, the board reviews its skill and experience mix each year and seeks to recruit new trustees as and when necessary. Potential trustees are members of the charity that both subscribe and adhere to, in belief and lifestyle, the statement of faith and are appointed by a resolution passed at a properly convened meeting of the members.

Trustee induction and training

The current board of trustees provide any new and/or potential trustee with a copy of the constitution and statement of faith along with the latest copy of the charity's annual report and financial statements. Any further training is assessed and provided as and when required by the existing trustees.

Ongoing training is provided by the board of trustees as and when the need arises.

Each trustee is appointed for a set term of a maximum of 3 years and put forward for re-election to the members when that term expires. There is no limit to the number of terms that a trustee may be re-appointed.

Risk management

The charity has undertaken a review of the major risks to which it is exposed and monitors this regularly. Full risk assessments have been undertaken for all activities of the charity and are reviewed on a regular basis. Insurance cover is reviewed annually by the trustees to ensure it is considered appropriate at all times. The trustees are presented with a financial update, usually on a quarterly basis, to ensure that reserves are adequate and that proper financial planning can be undertaken.

During the prior year a full fire risk assessment had been completed and all necessary safety steps identified continue to be undertaken.

Page 2 of 14

CANNING ROAD EVANGELICAL CHURCH

TRUSTEES' REPORT (continued)

FOR THE YEAR ENDED 31 MARCH 2025

OBJECTIVES AND ACTIVITIES

Objects of the charity

The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in considering future activities of the charity and believe they are in full compliance. The object of the charity is, for the public benefit, the advancement of the Christian faith in Southport, Merseyside and such other parts of the United Kingdom and the world as the Charity Trustees may from time to time decide.

ACHIEVEMENTS AND PERFORMANCE

Review and summary of the year

Throughout the year the charity has continued to run Sunday church services for its members and the community. The charity has also run a foodbank on Monday afternoons in connection with Compassion Acts, a local charity that aims to reduce poverty and enhance wellbeing in the local area, to help the most needy in our local community. Children's clubs, "Hero Academy" for ages 5 to 11 and "Youth" for ages 12 to 18 on Thursday evenings term time have also been run for the local community children along with many other outreach activities that have taken place from time to time. Half of the employed hours of the Pastor for youth and families continues to be donated to the Southport and Area Schools Worker Trust, a local charity with similar objectives. This not only continues to support another local charity but also bolsters our ability to meet our charitable objectives further.

During the year the church voted to use some of its reserves to purchase a house that would be used for a pastor. This was partly as a result of a legacy of £130,000 that was given to the church around 8 years ago and was thought to have been the desire of the donor for this to be used to purchase a house for a pastor of the church. Whilst there was no formal restriction on the legacy, the church agreed to honour the wishes of the donor and put this toward the purchase. A property on the market for £180,000 was therefore purchased for a reduced sum of £158,500 which took into account the professional advice on the value and condition of the property at the time of purchase and a total of £19,956 was subsequently spent to rectify items addressed by the survey. Our Pastor for youth and families now lives in the property with his family, rent free.

FINANCIAL REVIEW

Review and summary of the year

The financial results for the year and state of the charity's financial affairs at 31 March 2025 are set out in the financial statements on pages 7 to 14 showing income of £43,162 (2024: £41,972) and expenditure of £52,535 (2024: £57,006).

The charity recorded a deficit of £9,373 (2024: £15,034) for the year bringing the total funds to a surplus of £318,259 (2024: £327,632). The deficit in the prior year was mainly due to the large church ceiling repair undertaken in that year but the ongoing deficit represents the 5 year investment into employing a pastor for youth and families. The trustees remain aware of the level of reserves held and continue to monitor this.

Page 3 of 14

CANNING ROAD EVANGELICAL CHURCH

TRUSTEES' REPORT (continued)

FOR THE YEAR ENDED 31 MARCH 2025

FINANCIAL REVIEW (continued)

Principal funding sources

The principal funding sources of the charity continue to be received from the members tithes and offerings throughout the year along with income from hiring the property to various local organisations whose activities are in keeping with the objects of our charity.

Reserves policy

In order to ensure that the charity has sufficient reserves to cover any unexpected reduction in income whilst maintaining a continuity of service, the trustees have agreed a policy to hold a minimum of 6 months average costs in unrestricted and undesignated reserves. This amounts to around £25,000, which does not include the salary costs of the full time pastor for youth and families since this 5 year cost has already been fully designated elsewhere.

In the year to 31 March 2025 the amount available in unrestricted reserves, after setting to one side the designated funds, was £31,945 (2024: £187,959). The reduction in the year being as a result of purchasing a property to house a pastor which has been explained earlier in this report. The trustees are pleased that this level is now on target and are continuing to expand on the charitable work that they undertake to help more in need in the local community which will continue to use the resources available to them.

PLANS FOR FUTURE PERIODS

General plans

The charity will continue its current programme throughout the year and aims to increase the levels of help it can offer to the local community, physically, emotionally and spiritually as much as it is able to.

For the coming year there is currently a proposal being put forward to the church members to upgrade a room at the back of the main church building into a small kitchenette to enable refreshments to be more accessible during church use. Whilst this has not yet, as of the date of this report, been approved by a majority vote of the church members, it is likely that this will be the main project of the coming year. If successful this aims to create a more welcoming space within the main church hall that can be used to help further reach the local community with the gospel.

Plans in response to risk review

The trustees continually monitor risk and implement policy as and when necessary to mitigate that risk as far as possible. All risk assessments have been prepared and are reviewed and updated on a regular basis as and when required.

Page 4 of 14

CANNING ROAD EVANGELICAL CHURCH

TRUSTEES' REPORT (continued)

FOR THE YEAR ENDED 31 MARCH 2025

STATEMENT OF TRUSTEES' RESPONSIBILITIES

Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the period and of its financial position at the end of the year. In preparing those financial statements, the trustees are required to:

The trustees are responsible for keeping accounting records which 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. 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.

This report was approved by the board of trustees on 16 June 2025 and signed on its behalf by:

……………………………… Mr D R Geering - Chairman of Trustees

Page 5 of 14

CANNING ROAD EVANGELICAL CHURCH

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CANNING ROAD EVANGELICAL CHURCH

FOR THE YEAR ENDED 31 MARCH 2025

I report to the trustees on my examination of the financial statements of Canning Road Evangelical Church ('the charity') for the year ended 31 March 2025, which are set out on pages 7 to 14.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner's statement

My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

have not been met; or

Mr W A Harrison

Dated: 7 July 2025

Apt 37 Brunlees Court, 19-23 Cambridge Road Southport, PR9 9DH

Page 6 of 14

CANNING ROAD EVANGELICAL CHURCH

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2025

----- Start of picture text -----
Unrestricted Restricted Total Total
funds funds funds funds
2025 2025 2025 2024
Notes £ £ £ £
INCOME
Incoming resources from generated funds:
Voluntary income: 2 27,815 40 27,855 30,075
Activities to generate funds 3 6,282 - 6,282 5,130
Investment income 4 9,025 - 9,025 6,767
TOTAL INCOME 43,122 40 43,162 41,972
EXPENDITURE
Charitable activities 5 52,247 40 52,287 56,906
Governance costs 6 248 - 248 100
TOTAL EXPENDITURE 52,495 40 52,535 57,006
NET (EXPENDITURE) FOR THE
YEAR (9,373) - (9,373) (15,034)
-
Fund balances at 1 April 2024 327,632 327,632 342,666
Fund balances at 31 March 2025 318,259 - 318,259 327,632
----- End of picture text -----

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 9 to 14 form part of these financial statements.

Page 7 of 14

CANNING ROAD EVANGELICAL CHURCH

BALANCE SHEET

AS AT 31 MARCH 2025

----- Start of picture text -----
Total Total
funds funds
2025 2024
Notes £ £
FIXED ASSETS
Land and property 8 178,456 -
CURRENT ASSETS
Cash at bank and in hand 101,803 158,916
Green Pastures investments 35,000 165,000
Building hire and other debtors 210 2,260
Gift aid debtor 4,564 3,983
141,577 330,159
CURRENT LIABILITIES
Trade creditors 432 1,082
Wages tax and national insurance owed 1,051 1,176
Expenses owed 191 169
Accrued costs 100 100
1,774 2,527
NET CURRENT ASSETS 139,803 327,632
NET ASSETS 318,259 327,632
FUNDS
Restricted funds - -
Designated funds 9 & 10 286,314 139,673
Unrestricted funds 31,945 187,959
TOTAL FUNDS 318,259 327,632
----- End of picture text -----

These financial statements were approved by the board of trustees and authorised for issue on 16 June 2025, and are signed on behalf of the board by:

………………………………

Mr D R Geering - Chairman of Trustees

The notes on pages 9 to 14 form part of these financial statements.

Page 8 of 14

CANNING ROAD EVANGELICAL CHURCH

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1 ACCOUNTING POLICIES

a Basis of preparation

The financial statements have been prepared in accordance with the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

b Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

c Fund accounting

Unrestricted funds are funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements where relevant.

Designated funds are those unrestricted funds set aside by the Trustees for specific purposes.

d Income

All income is included in the SOFA when the charity is legally entitled to the income and can be quantified with reasonable accuracy. For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. No amounts are included in the financial statements for services donated by volunteers.

e Expenditure

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of the resources.

Page 9 of 14

CANNING ROAD EVANGELICAL CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2025

1 ACCOUNTING POLICIES (continued)

f Fixed assets and depreciation

Tangible fixed assets costing more than £500 are capitalised and included at cost including and incidental expenses of acquisition.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land & buildings 0% straight line

g Cash or cash equivalents

Cash and cash equivalents include cash in hand and deposits held at call with banks.

h Limited by guarantee

The charity is a charitable incorporated organisation. The members of the charity are the congregational individuals that have signed the membership declaration and subscribe fully to the statement of faith. In the event of the charity being wound up, the members have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities.

i Green Pastures investments

The charity has 2 separate investments totalling £35,000 held as unsecured loan stock with Green Pastures CBS Limited, a Christian charity whose objects are to end homelessness. These are at fixed rates and mature in September 2025 and October 2025 respectively.

2 VOLUNTARY INCOME

Donations and gifts:
General donations (gift aid)
General donations (no gift aid)
Gift aid tax recoverable		 Unrestricted
Restricted
Total
funds
funds
funds
2025
2025
2025
£
£
£
16,820
40
16,860
6,431
-
6,431
4,564
-
4,564
27,815
40
27,855		 Total
funds
2024
£
14,298
11,795
3,982
30,075

Page 10 of 14

CANNING ROAD EVANGELICAL CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2025

3 ACTIVITIES TO GENERATE FUNDS

Other activities:
Income from hire of property
Scrap metal sale
Income from investments:
Green Pastures interest
Bank interest
INVESTMENT INCOME		 Unrestricted
Restricted
Total
funds
funds
funds
2025
2025
2025
£
£
£
6,075
-
6,075
207
-
207
6,282
-
6,282
Unrestricted
Restricted
Total
funds
funds
funds
2025
2025
2025
£
£
£
5,699
-
5,699
3,326
-
3,326
9,025
-
9,025		 Total
funds
2024
£
5,130
-
5,130
Total
funds
2024
£
4,800
1,967
6,767

4 INVESTMENT INCOME

Page 11 of 14

CANNING ROAD EVANGELICAL CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2025

5 COSTS OF CHARITABLE ACTIVITIES

Property costs:
Electricity and gas
Repairs and maintenance
Water rates
Waste collection
Insurance
Administration / support costs:
Telephone and internet
Printing, postage and stationery
Computer equipment
Subscriptions and licences
Sundry costs
Charitable activity costs:
Charitable giving
Youth work
Speakers expenses
Salaries
Recruitment costs
Outreach events		 Unrestricted
Restricted
Total
funds
funds
funds
2025
2025
2025
£
£
£
3,293
-
3,293
3,763
-
3,763
446
-
446
56
-
56
2,166
-
2,166
9,724
-
9,724
616
-
616
328
-
328
717
-
717
352
-
352
249
-
249
2,262
-
2,262
3,460
40
3,500
2,249
-
2,249
305
-
305
33,819
-
33,819
-
-
-
428
-
428
40,261
40
40,301
52,247
40
52,287		 Total
funds
2024
£
4,579
18,733
426
53
2,137
25,928
747
223
-
301
249
1,520
3,400
1,615
490
23,452
292
209
29,458
56,906

6 GOVERNANCE COSTS

Legal and CIO formation costs
Independent examination		 Unrestricted
Restricted
Total
funds
funds
funds
2025
2025
2025
£
£
£
148
-
148
100
-
100
248
-
248		 Total
funds
2024
£
-
100
100

Page 12 of 14

CANNING ROAD EVANGELICAL CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2025

7
2025
Number
The average monthly number of employees during the year were:
Full time
1
Part time
2
3
Employment Costs
2025
£
Wages and salaries
33,178
National Insurance costs
-
Pension costs - Defined contribution
641
33,819
EMPLOYEES
No employee earned more than £60,000 throughout the year (2024: none).		 2024
Number
1
2
3
2024
£
23,088
(10)
374
23,452
8
Cost & Net book value
At 1 January 2025
Additions
Disposals
A 31 December 2025
9
Unrestricted
funds
£
Fixed assets
178,456
Current assets
141,577
Current liabilities
(1,774)
318,259
FIXED ASSETS
ANALYSIS OF NET ASSETS BETWEEN FUNDS		 Land &
Buildings
£
-
178,456
-
178,456
Restricted
funds
£
-
-
-
-		 Total
£
-
178,456
-
178,456
Total
funds
£
178,456
141,577
(1,774)
318,259

Page 13 of 14

CANNING ROAD EVANGELICAL CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2025

10 ANALYSIS OF FUNDS

Balance at
Incoming
Outgoing
1 Apr 24
Resources
Resources
Transfers
Unrestricted funds:
General fund
187,959
43,122
24,254
(174,882)
Designated funds:
Pastor for youth
139,673
-
28,241
(3,574)
Property
-
-
-
178,456
Restricted funds:
-
40
40
-
Total funds:
327,632
43,162
52,535
-		 Balance at
31 Mar 25
31,945
107,858
178,456
-
318,259

Restricted funds represent donations received during the year for missional outreach and are to be spent on missional giving only.

Designated funds represent unrestricted funds that the trustees have agreed to set aside for use in funding up to 5 years salary and associated on costs of the full time pastor for youth and families in accordance with their future plans which started in September 2023. They are also now used for the property purchase that was undertaken during the year.

11 TRUSTEES REMUNERATION

No trustee received any emoluments during the year.

12 RELATED PARTY TRANSACTIONS

There were no known related party transactions that occurred throughout the year (2024: none).

Page 14 of 14