|||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|
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|||||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|
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|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||
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|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|