This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.
2024-12-31-accounts
|
|
Page |
|
| Report of the Trustees |
I |
|
3 |
| Independent Examiner's Report |
|
4 |
|
| Statement ofFinancial Activities |
|
5 |
|
| Balance Sheet |
6 |
|
7 |
| Notes to the Financial Statements |
8 |
to |
13 |
| Detailed Statement ofFinancial Activities |
14 |
to |
15 |
|
|
|
|
31.12.24 |
31.12.23 |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
fund |
fund |
funds |
funds |
|
Notes |
|
|
|
|
| INCOME AND ENDOWMENTS FROM |
|
|
|
|
|
| Donations and legacies |
|
155,688 |
15,637 |
171,325 |
115,201 |
| Othertrading activities |
2 |
7,022 |
|
7,022 |
7,746 |
| Other income |
|
12,440 |
|
12,440 |
12,712 |
| Total |
|
175,150 |
15,637 |
190,787 |
135,659 |
| EXPENDITURE ON |
|
|
|
|
|
| Raising funds |
|
3,178 |
|
3,178 |
4,798 |
| Charitable activities |
|
|
|
|
|
| Donations |
|
17,912 |
8,077 |
25,989 |
28,299 |
| Premises costs |
|
|
|
|
28,641 |
| Other costs |
|
1,557 |
|
1,557 |
|
| Staff costs |
|
33,601 |
|
33,601 |
32,712 |
| Administration costs |
|
3,060 |
|
3,060 |
2,417 |
| Finance costs |
|
20,184 |
|
20,184 |
20,966 |
| Other |
|
3,855 |
|
3,855 |
3,855 |
| Total |
|
119,591 |
8,077 |
127,668 |
125,172 |
| NET INCOME |
|
55,559 |
7,560 |
63,1 19 |
10,487 |
| RECONCILIATION OF FUNDS |
|
|
|
|
|
| Total funds brought forward |
|
918,315 |
1,149 |
919,464 |
908,977 |
| TOTAL FUNDS CARRIED FORWARD |
|
973,874 |
8,709 |
982,583 |
919,464 |
|
|
|
|
31.12.24 |
31.12.23 |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
fund |
fund |
funds |
funds |
|
Notes |
|
|
|
|
| FIXED ASSETS |
|
|
|
|
|
| Tangible assets |
7 |
|
|
|
1,413,873 |
| CURRENT ASSETS |
|
|
|
|
|
| Stocks |
8 |
900 |
|
900 |
900 |
| Debtors |
9 |
800 |
|
800 |
1,000 |
| Cash at bank |
|
78,459 |
8,709 |
87,168 |
39,854 |
|
|
80,159 |
8,709 |
88,868 |
41,754 |
| CREDITORS |
|
|
|
|
|
| Amounts falling due within one year |
10 |
(27,893) |
|
(27,893) |
(27,103) |
| NET CURRENT ASSETS |
|
52,266 |
8,709 |
60,975 |
14,651 |
| TOTAL ASSETS LESS CURRENT |
|
|
|
|
|
| LIABILITIES |
|
|
8,709 |
|
|
| CREDITORS |
|
|
|
|
|
| Amounts falling due after more than one year |
11 |
(488,410) |
|
(488,410) |
(509,060) |
| NET ASSETS |
|
973,874 |
8,709 |
982,583 |
919,464 |
| FUNDS |
13 |
|
|
|
|
| Unrestricted funds |
|
|
|
973,874 |
918,315 |
| Restricted funds |
|
|
|
8,709 |
1,149 |
| TOTAL FUNDS |
|
|
|
982,583 |
919,464 |
| 2. |
OTHER TRADING ACTIVITIES |
|
|
|
|
|
|
31.12.24 |
31.12.23 |
|
Bookshop income |
|
7,022 |
7,746 |
| 3. |
NET INCOME/(EXPENDITURE) |
|
|
|
|
Net income/(expenditure) is stated after charging/(crediting): |
|
|
|
|
|
|
31.12.24 |
31.12.23 |
|
Depreciation
- owned assets |
|
3,855 |
3,855 |
| 4. |
TRUSTEES' REMUNERATION AND BENEFITS |
|
|
|
|
There were no trustees' remuneration or other benefits for the year ended 31 December 2023. |
|
|
|
|
Trustees' expenses |
|
|
|
|
There were no trustees' expenses paid for the year ended 31 December 2023. |
|
|
|
| 5. |
STAFF COSTS |
|
|
|
|
The average monthly number ofemployees during the year was as follows: |
|
|
|
|
|
|
31.12.24 |
31.12.23 |
|
Pastor |
|
1 |
|
|
No employees received emoluments in excess ofE60,000. |
|
|
|
| 6. |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
|
|
|
|
|
Unrestricted |
Restricted |
Total |
|
|
fund |
fund |
funds |
|
INCOME AND ENDOWMENTS FROM |
|
|
|
|
Donations and legacies |
99,615 |
15,586 |
115,201 |
|
Othertrading activities |
7,746 |
|
7,746 |
|
Other income |
12,712 |
|
12,712 |
|
Total |
120,073 |
15,586 |
135,659 |
|
EXPENDITURE ON |
|
|
|
|
Raising funds |
4,798 |
|
4,798 |
|
Charitable activities |
|
|
|
|
Donations |
12,692 |
15,607 |
28,299 |
|
Premises costs |
28,641 |
|
28,641 |
|
Other costs |
|
|
3 ,484 |
|
Staffcosts |
32,712 |
|
32,712 |
|
Administration costs |
2,417 |
|
2,417 |
|
Finance costs |
20,966 |
|
20,966 |
|
Other |
3,855 |
|
3,855 |
| 6. |
COMPARATIVES FOR THE STATEMENT |
COMPARATIVES FOR THE STATEMENT |
OF FINANCIAL |
ACTIVITIES |
- continued |
|
|
|
|
|
Unrestricted |
Restricted |
Total |
|
|
|
|
fund |
fund |
funds |
|
Total |
|
|
109,565 |
15,607 |
125,172 |
|
NET INCOME/(EXPENDITURE) |
|
|
10,508 |
(21) |
10,487 |
|
RECONCILIATION OF FUNDS |
|
|
|
|
|
|
Total funds brought forward |
|
|
907,807 |
1,170 |
908,977 |
|
TOTAL FUNDS CARRIED |
FORWARD |
|
918,315 |
1,149 |
919,464 |
| 7. |
TANGIBLE FIXED ASSETS |
|
|
|
|
|
|
|
|
Freehold |
Plant and |
Office |
|
|
|
|
property |
machinery |
equipment |
Totals |
|
COST |
|
|
|
|
|
|
At I January 2024 and 31 December 2024 |
|
|
32,550 |
3,003 |
|
|
DEPRECIATION |
|
|
|
|
|
|
At I January 2024 |
|
|
20,910 |
770 |
21,680 |
|
Charge for year |
|
|
3,255 |
600 |
3,855 |
|
At 31 December2024 |
|
|
24,165 |
1,370 |
25,535 |
|
NET BOOK VALUE |
|
|
|
|
|
|
At 31 December2024 |
|
|
8,385 |
1,633 |
|
|
At 31 December2023 |
|
|
11,640 |
2,233 |
|
| 9. |
DEBTORS:AMOUNTS FALLING DUE WITHIN ONE |
YEAR |
|
|
|
|
|
31.12.24 |
31.12.23 |
|
Prepayments |
|
800 |
1,000 |
| 10. |
CREDITORS: AMOUNTS FALLING DUE WITHINONE YEAR |
|
|
|
|
|
|
31.12.24 |
31.12.23 |
|
Bank loans and overdrafts (see note 12) |
|
20,045 |
20,045 |
|
Social security and other taxes |
|
1,359 |
1,430 |
|
Other creditors |
|
235 |
|
|
Accruals and deferred income |
|
6,254 |
5,487 |
|
|
|
27,893 |
27,103 |
| 11. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE |
|
YEAR |
|
|
|
|
31.12.24 |
31.12.23 |
|
Bank loans (see note 12) |
|
488,410 |
509,060 |
| 12. |
LOANS |
|
|
|
|
An analysis ofthe maturity ofloans is given below: |
|
|
|
|
|
|
31.12.24 |
31.12.23 |
|
Amounts falling due within one year on demand: |
|
|
|
|
Bank loans |
|
20,045 |
20,045 |
|
Amounts fallingbetween one and two years: |
|
|
|
|
Bank loans
-
1-2 years |
|
20,045 |
20,045 |
|
Amounts falling due betweentwo and five years: |
|
|
|
|
Bank loans
- 2-5 years |
|
60,132 |
60,132 |
|
Amounts falling due in more than five years: |
|
|
|
|
Repayable by instalments: |
|
|
|
|
Bank loans more 5 yr by instal |
|
408,233 |
428,883 |
| 13. |
MOVEMENT IN FUNDS |
|
|
|
|
|
|
Net |
|
|
|
|
movement |
|
|
|
|
in funds |
31.12.24 |
|
Unrestricted funds |
|
|
|
|
General fund |
918,315 |
55,559 |
973,874 |
|
Restricted funds |
|
|
|
|
General Restricted |
1,149 |
7,560 |
8,709 |
|
TOTAL FUNDS |
919,464 |
63,1 19 |
982,583 |
|
Incoming |
Resources |
Movement |
Movement |
|
resources |
expended |
in |
funds |
| Unrestricted funds |
|
|
|
|
| General fund |
175,150 |
(119,591) |
55,559 |
|
| Restrictedfunds |
|
|
|
|
| General Restricted |
15,637 |
(8,077) |
|
7,560 |
| TOTAL FUNDS |
190,787 |
(127,668) |
63,119 |
|
| Comparatives for movement in funds |
|
|
|
|
|
|
Net |
|
|
|
|
movement |
|
|
|
At 1.1.23 |
in funds |
31.12.23 |
|
| Unrestricted funds |
|
|
|
|
| General fund |
907,807 |
10,508 |
918,315 |
|
| Restricted funds |
|
|
|
|
| General Restricted |
1,170 |
(21) |
|
1,149 |
| TOTAL FUNDS |
908,977 |
10,487 |
919,464 |
|
| Comparative net movement in funds, included in the above are as follows: |
|
|
|
|
|
Incom ing |
Resources |
Movement |
|
|
resources |
expended |
in |
funds |
| Unrestricted funds |
|
|
|
|
| General fund |
120,073 |
(109,565) |
|
10,508 |
| Restricted funds |
|
|
|
|
| General Restricted |
15,586 |
(15,607) |
|
(21) |
| TOTAL FUNDS |
135,659 |
(125,172) |
|
10,487 |
| A current year 12 months and prior year 12 |
monthscombined position is as follo |
ws: |
|
|
|
Net |
|
|
|
movement |
|
|
At 1.1.23 |
in funds |
31.12.24 |
| Unrestricted funds |
|
|
|
| General fund |
907,807 |
66,067 |
973,874 |
| Restricted funds |
|
|
|
| General Restricted |
1,170 |
7,539 |
8,709 |
| TOTAL FUNDS |
908,977 |
73,606 |
982,583 |
|
Incoming |
Resources |
Movement |
|
resources |
expended |
in funds |
| Unrestricted funds |
|
|
|
| General fund |
295,223 |
(229,156) |
66,067 |
| Restricted funds |
|
|
|
| General Restricted |
31,223 |
(23,684) |
7,539 |
| TOTAL FUNDS |
326
, |
(252,840) |
73,606 |
| INCOME AND ENDOWMENTS |
|
|
| Donations and legacies |
|
|
| Tithes and offerings |
159,515 |
97,769 |
| Donations |
|
4,000 |
| Gift aid |
11,810 |
13,432 |
|
171,325 |
115,201 |
| Other trading activities |
|
|
| Bookshop income |
7,022 |
7,746 |
| Other income |
|
|
| Room hire |
12,188 |
12,712 |
| Sundry income |
252 |
|
|
|
12,712 |
| Total incoming resources |
190,787 |
135,659 |
| EXPENDITURE |
|
|
| Other trading activities |
|
|
| Bookshop purchases |
3,178 |
4,798 |
| Charitable activities |
|
|
| Wages |
32,840 |
31,986 |
| Pensions |
761 |
726 |
| Rates and water |
2,340 |
1,331 |
| Insurance |
4,619 |
4,263 |
| Light and heat |
18,117 |
14,038 |
| Telephone |
1,073 |
1,134 |
| Postage and stationery |
1,347 |
1,042 |
| Sundries |
121 |
10 |
| Gifts and donations |
6,638 |
17,512 |
| Cleaning |
997 |
843 |
| Legal and professional fees |
75 |
|
| Repairs and renewals |
9,098 |
7,032 |
| Speakercosts |
1,065 |
1,040 |
| Children's ministry |
94 |
185 |
| Catering costs |
398 |
2,259 |
| Licences and permits |
910 |
843 |
| Computer costs |
482 |
247 |
| Website costs |
125 |
125 |
| Tithe allocations |
19,351 |
10,787 |
| Stafftraining |
|
150 |
|
100,451 |
95,553 |
Detailed Statement of Financial Activities
for the Year Ended 31 December2024 |
|
|
|
31.12.24 |
31.12.23 |
| Support costs |
|
|
| Finance |
|
|
| Bank loan interest |
20,184 |
20,966 |
| Other |
|
|
| Plant and machinery |
3,855 |
3,855 |
| Totalresources expended |
127,668 |
125,172 |
| Net income |
63,1 19 |
10,487 |