## Pelsall Evangelical Church 

Trustees’ report and financial statements for the year ended 31 December 2025 

Charity registration number: 1198745 (England and Wales) 



## Pelsall Evangelical Church 

|Contents|Page|
|---|---|
|Trust information|3|
|Trustees’ report|4|
|Independent examiner’s report|9|
|Statement of financial activities|10|
|Balance sheet|11|
|Notes to the financial statements|12|



2 



## Pelsall Evangelical Church 

## Trust information 

for the year ended 31 December 2025 

CHARITY NAME: Pelsall Evangelical Church REGISTERED OFFICE: Pelsall Evangelical Church Old Town Lane Walsall WS3 4NJ CHARITY REGISTRATION NUMBER: 1198745 (Registered in England and Wales) WEBSITE: www.pech.co.uk TRUISTEES WHO SERVED DURING THE YEAR: T Smylie D Seward S Couchman SW Hope 

All Trustees who served during the year were also Elders of the church. 

CHURCH TREASURER: D Seward CHURCH SECRETARY: S Couchman TRUSTEES AT REPORT APPROVAL DATE: T Smylie D Seward S Couchman SW Hope K Benn (Appointed March 2026 as Treasurer and Trustee) 

INDEPENDENT EXAMINER: 

Edwards Chartered Accountants Harmony House 34 High Street Aldridge Walsall WS9 8LZ 

3 



## Pelsall Evangelical Church 

## Trustees’ report 

## for the year ended 31 December 2025 

The trustees present their annual report together with the financial statements of Pelsall Evangelical Church Charitable Incorporated Organisation (“the charity”) for the year ended 31 December 2025. 

## Reference and Administrative Information 

Pelsall Evangelical Church is a Charitable Incorporated Organisation, registered with the Charity Commission under charity number 1198745. The CIO was established under a new constitution approved by the Charity Commission on 26 April 2022. The registered address of the charity is Old Town Lane, Walsall, WS3 4NJ. 

The trustees who served during the year are listed in the Trustee Information section on page 3. 

## Structure, Governance and Management 

Pelsall Evangelical Church is governed by its constitution as a CIO. The Trustees hold responsibility for governance, compliance and stewardship of the church’s resources. 

The church is led spiritually by the Elders, whose responsibilities include teaching, pastoral oversight, prayer and spiritual direction. Individuals may serve as both Trustees and Elders, but the roles are distinct. 

Elders are nominated by the Eldership and appointed subject to approval of the church membership. The Treasurer and Church Secretary, appointed annually by the Elders and Deacons and confirmed by the membership, also serve as Trustees during their term. 

The charity has appropriate procedures in place to manage conflicts of interest where trustees, or individuals connected to trustees, are employed by the charity or receive remuneration for services. These procedures include requiring affected trustees to abstain from any discussion or decision relating to their own employment, ‑ remuneration or contractual arrangements, or those of their close family members. All related party transactions are reviewed and approved by the non ‑ conflicted trustees in accordance with the charity’s conflicts ‑ of ‑ interest policy. 

A new Operations Manager (0.65 FTE) was appointed in September 2025 to support finance administration, safeguarding processes, gift aid claims and compliance matters under the direction of the Trustees. 

Given the continued growth of the church, the Trustees recognise the need to expand the number of Trustees and Deacons in 2026. 

## Objectives and Activities 

The purposes of the charity are: 

1. The advancement of the Christian faith in accordance with the church’s Basis of Faith, primarily within Pelsall and the surrounding neighbourhood; and 

2. Such charitable purposes as the Trustees consider appropriate in putting the Christian faith into practice, including: 

   - the prevention and relief of need, hardship and sickness; 

   - the advancement of education; and 

   - the provision of facilities for recreation or leisure in the interests of social welfare for those in need due to youth, age, disability, financial hardship or social circumstances. 

4 



Pelsall Evangelical Church 

## Trustees’ report (continued) 

## for the year ended 31 December 2025 

## Objectives and Activities (continued) 

Pelsall Evangelical Church is a fellowship of believers in the Lord Jesus Christ gathering in the Pelsall neighbourhood of Walsall. As a church community we seek, with prayer and love, to listen to God’s Word, serve one another and share the gospel in the power of the Holy Spirit. 

Our mission is to glorify God through: 

- Faithfulness to God’s Word 

- Care for one another 

- Growth through making disciples 

‑ ‑ The church employs two full time pastors and one part time Operations Manager. 

The pastors are also Elders and Trustees. 

## Achievements and Performance 

## _Sunday and Weekly Ministries_ 

- Two Sunday services held weekly at the church building. 

- Sunday morning children’s activities for 6–11 year ‑ olds. 

- Weekday groups for children aged 6–11 and young people aged 11–16. 

- Weekly group for Little Miracles (Parents and Toddlers) open to members and the community. 

- Home groups meeting on various days throughout the week. 

- Fortnightly coffee mornings open to members and the community. 

## _Community Engagement_ 

- Weekly Community Hub during the autumn and winter months, providing free hot lunches and activities. 

- Regular worship services and activities in a local nursing home. 

- Assemblies and Christian education support in local primary schools. 

## _Links with Local Schools and Organisations_ 

- Hosting and supporting services for Pelsall Village School and Pelsall Scouts. 

- Provision of Christmas hampers to local families in need. 

- Involvement in school governance by members of pastoral staff and their families. 

## _Evangelism and Discipleship_ 

- Christianity Explored courses run throughout the year. 

- Continuation of livestreamed Sunday services and online recordings for those unable to attend in person. 

## _Mission Support_ 

The church supports overseas missionaries involved in relief, education and gospel ministry. In times of international crisis, the church facilitates donations for relief work through established mission contacts. 

5 



## Pelsall Evangelical Church 

## Trustees’ report (continued) 

## for the year ended 31 December 2025 

## Achievements and Performance (continued) 

## _Facilities and Membership Growth_ 

Continued growth in Sunday attendance and membership has led to active planning for a building expansion to increase seating and provide additional rooms for Sunday school and community outreach. There is also a vision to expand weekday community services through a tea room and welcoming space. 

## Public Benefit 

The trustees confirm that they have had regard to the Charity Commission’s guidance on public benefit. 

The church advances the Christian faith through worship services, teaching, outreach, pastoral care, and community ministry—all of which provide public benefit to the people of Pelsall and the wider area. Activities such as the Community Hub, coffee mornings, youth work, children’s activities, school involvement, online services and nursing home ministry continue to be well attended and valued. 

## Financial Review 

General fund (unrestricted) income increased to £211,990 in 2025 (2024: £191,396), and expenditure increased slightly to £157,769 (2024: £153,824). 

Unrestricted reserves at year end were £126,241, up by £54,221 from £72,020. 

A further £202,809 was added to the restricted Building Fund during the year (2024: £44,774). The hardship fund was fully utilised during the year, and the balance is now fully spent (2024: £534). 

The Trustees express their gratitude to church members for their faithful generosity and give thanks to God for His continued provision. Increased reserves provide confidence in pursuing the building project and supporting the new Operations Manager role. 

## Reserves Policy 

The church aims to maintain unrestricted reserves sufficient to provide working capital and a contingency for unexpected needs. The target minimum reserve level is £28,600, which is met by the year ‑ end unrestricted balance of £126,241. 

## Going Concern 

The Trustees consider that there are no material uncertainties regarding the charity’s ability to continue as a going concern. 

6 



## Pelsall Evangelical Church 

## Trustees’ report (continued) 

## for the year ended 31 December 2025 

## Plans for Future Periods 

Plans for the coming year include: 

- Expanding the Trustee and Deacon teams 

- Progressing the church building project 

- Enhancing community outreach during weekdays 

- Strengthening operational processes and church administration 

## Risk Management 

The charity faces a range of operational, financial, safeguarding and reputational risks. The Trustees review these regularly as part of ongoing governance and financial oversight. Key risks considered during the year included safeguarding compliance, financial sustainability, the management of staff capacity, and the delivery of activities by volunteers. Mitigating measures include regular financial monitoring, oversight by the Elders and Trustees, safeguarding supervision and training, documented policies and procedures, and strengthened administrative support through the Operations Manager role. 

## Trustees’ Responsibilities Statement 

The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. 

In preparing these financial statements, the trustees are required to: 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the Charities SORP 2019 (FRS 102); 

- make judgements and estimates that are reasonable and prudent; 

- state whether applicable accounting standards have been followed; 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. 

The trustees are responsible for keeping proper accounting records that 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, the Charities (Accounts and Reports) Regulations 2008 and the provisions of the governing document. 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. 

7 



## 

## 

## 

## 



Pelsall Evangelical Church
Report of the Independent Examiner to the Trustees for the year ended 31
December 2025
I report to the Trustee5 on my exam5nation ol the accounts of Pelsall Evangelical Church (the charityl for the year ended
31 December 2025 which are set out on pages 10 to 21.
Responsibilities and basis of report
As the Trustees of the charity, you are responsible for the preparation ol the 3ccounts In accordance with the
requirements of the Charities Act 20111"tho Act"l.
I report in respect of tny examination of the ch3rity'$ accounts carried out under Section 145 0* the Act and in carrying
out my eKamin3tion I have followed all the 3pplicable Directions given by the Charity Commission under section 14515llbl
ol the Act.
Independent examiner's statement
Since the charity'5 gr055 Income exceeded £250.000, the independent examiner must be a Tnember ol a body listed in
section 145 of the Act. I confirm th3t l am qu8lified to undertake the eH8mination because I drn a member of the Institute
ol Chartered Accountants in En818nd and Wales, which is one of the listed bodies.
I have completed my examination. I confirm th8t no matters have corne to my attention in connection with the
examination giving me cause to believe that in any material respect..
accounting records were not kept In re5PeCt ol the charity as reouired by section 130 01 the Act.. or
the 3CCOUnts do not accord with those iecords-. or
the account5 do not compli with the applicable requirements concernin8 the form and content of accounts set out
In the Charities (Accounts and Report51 Regulatlons 2008 other than any requiremeni that the accounts give a 'true
and lair view, which Is not a rnatter cortsidered as part of an independent examination.
I have no concerns 8nd have corne across rto other matter5 in connection with the exBmination to which attention should
be drawn In this report in order to enable a proper understanding of the account5 to be reached.
Ro
rt Kempson FCA
For and on behalf of Edwards
34 High Street
Aldridge
West Midlands
WS9 8LZ
Date.. 18 May 2026

Pelsall Evangelical Church 

## Statement of Financial Activities 

## for the year ended 31 December 2025 

|Statement of Financial Activities<br>for the year ended 31 December 2025||||||||
|---|---|---|---|---|---|---|---|
||Note|Unrestricted|Restricted|Total funds|Unrestricted|Restricted|Total funds|
|||funds|funds||funds|funds||
|||2025|2025|2025|2024|2024|2024|
||||||Restated|Restated|Restated|
|||£|£|£|£|£|£|
|Income and endowments from:||||||||
|Donations|3|190,930|202,193|393,123|177,433|48,493|225,926|
|Other income|4|19,557|-|19,557|13,629|-|13,629|
|Investment income|5|1,503|869|2,372|334|189|523|
|Total income||211,990|203,062|415,052|191,396|48,682|240,078|
|Expenditure on:||||||||
|Charitable activities|6|(157,769)|(787)|(158,556)|(153,824)|(4,140)|(157,964)|
|Total expenditure||(157,769)|(787)|(158,556)|(153,824)|(4,140)|(157,964)|
|Net income/(expenditure) and movement in funds||54,221|202,275|256,496|37,572|44,542|82,114|



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

10 



## 

|alancesheet<br>asat31December2025||||
|---|---|---|---|
||Note|2025|2024|
||||Restated|
|Fbxedassets||||
|Tangiblefixedassets|9|60,478|7,000|
|Currentassets||||
|Debtors|10|38,348|29,541|
|Cashatbankandinhand||275,308|89,876|
|Investments|11|10,186||
|||323,842|119,417|
|Creditors:amountsfallingduewithinoneyear|12|(3,496)|(2,089)|
|Netcurentassets||320,346|117,328|
|TotalassetslesscurrentIiablities||380,824|124,328|
|Netassets||380,824|124,328|
|TheFundsoftheCharity<br>Restrictedfunds|13|254,583|52,308|
|Unrestrictedfunds|14|126,241|72,020|
|Totalcharityfunds||380,824|124,328|





Pelsall Evangelical Church 

## Notes to the financial statements 

## for the year ended 31 December 2025 

## 1. Charity information 

Pelsall Evangelical Church is a Charitable Incorporated Organisation by guarantee incorporated in England and Wales. The registered office is Old Town Lane, Pelsall, Walsall, WS3 4NJ. 

2. Accounting policies 

## 2.1 Basis of preparation 

The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities 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)". 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 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 £. 

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 

The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following the 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 issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. 

## 2.2 Transition to accrual basis 

The charity’s income exceeded £250,000 in the year and therefore these financial statements have been prepared on the accruals basis in accordance with FRS 102 and the Charities SORP. 

The comparative figures for the year ended 31 December 2024 have been prepared on an accruals basis for ‑ consistency with the current year and are described as restated. This reflects the charity’s first time preparation of accrual ‑ based financial statements and does not arise from the correction of prior ‑ period errors or a change in accounting policy previously applied under an accrual framework. 

The restatement of the 2024 comparative figures primarily arises from the recognition of debtors at the year end ‑ following the move to accrual based accounting. These debtors mainly comprise accrued Gift Aid and other income receivable that had not been received in cash by 31 December 2024 and were therefore not included under the previous receipts and payments basis. Minor accruals for expenses incurred but unpaid at the year end were also recognised where applicable. 

12 



Pelsall Evangelical Church 

## Notes to the financial statements 

for the year ended 31 December 2025 (continued) 

|2.|Accounting policies (continued)|
|---|---|
|2.3|Going concern|



The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. The financial oversight of the charity is overseen by the Trustees. The trustees are confident that the charity will continue to see improvement in our financial performance 

## 2.4 Funds of the charity 

Restricted funds represent income that has been received with specific conditions or purposes attached by the donor. Such funds may only be used for the particular activities or projects specified and are not available for the general purposes of the church. Expenditure is allocated to restricted funds when incurred in accordance with the donor’s instructions. Any unspent balances are carried forward within the restricted fund until the purpose of the fund has been fulfilled. 

Unrestricted funds are those received or generated for the general purposes of the church and may be used at the discretion of the Trustees to further the charity’s objects. Unrestricted funds include amounts designated by the Trustees for particular purposes; designations are administrative in nature and may be removed or amended at the Trustees’ discretion. All other unrestricted income and expenditure is recorded within the general fund. 

## 2.5 Income recognition 

All incoming resources are included in the Statement of Financial Activities (SoFA) when the church is legally entitled to the income, after any performance conditions have been met, the amount can be measured reliably, and it is probable that the income will be received. 

Donations are recognised when the church has been notified of the amount and the timing of payment, unless the donation is subject to conditions that require performance obligations by the church. Where such conditions exist, income is deferred until the conditions have been met or the fulfilment of those conditions is within the control of the church and it is probable they will be fulfilled. 

Legacy income is recognised when the church is notified that it has been left a legacy and the amount can be reliably estimated. Where the value cannot be measured, the legacy is disclosed as a contingent asset until the amount becomes clear. 

Income from Gift Aid is recognised when the related donation is received, provided that a valid Gift Aid declaration is in place and it is probable that the amount will be recoverable from HMRC. Gift Aid recoveries are included within donations and legacies in the Statement of Financial Activities. 

No amount is included in the financial statements for volunteer time in line with the SORP. Further detail is given in note 17 Volunteers. 

Income from trading activities such as events, retreats, fundraising, or trading is recognised when the related service or activity takes place and the church becomes entitled to the income. Income relating to events is normally recognised when received unless the amount is considered material, in which case the income is deferred until the event takes place. 

13 



Pelsall Evangelical Church 

## Notes to the financial statements 

for the year ended 31 December 2025 (continued) 

|2.|Accounting policies (continued)|
|---|---|
|2.6|Interest receivable|



Interest income is recognised in the Statement of Financial Activities when it is receivable and the amount can be measured reliably. Interest is normally recognised upon notification from the bank of the amount of interest earned on deposit accounts. Interest income is treated as unrestricted unless the related funds are subject to specific restrictions. 

## 2.7 Expenditure recognition 

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. 

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. 

2.8 Tangible fixed assets 

Tangible fixed assets are stated at cost, or deemed cost, less accumulated depreciation and any accumulated impairment losses. Cost includes all expenditure directly attributable to bringing the asset into working condition for its intended use. 

Depreciation is provided to write off the cost of tangible fixed assets over their estimated useful lives on a systematic basis. The depreciation rates used are: 

Buildings 2% Straight line 

Land is not depreciated. 

Gains or losses on disposal of tangible fixed assets are recognised in the Statement of Financial Activities when the disposal occurs and are calculated as the difference between the sale proceeds and the carrying amount of the asset. 

## 2.9 Impairment of fixed assets 

Assets are reviewed for indicators of impairment at each reporting date. Where there is evidence that an asset may be impaired, the recoverable amount is estimated and compared with the carrying value. Any resulting impairment loss is recognised immediately in the Statement of Financial Activities. Impairment losses are reversed only if there has been a change in the estimates used to determine the asset’s recoverable amount. 

## 2.10 Debtors 

Short ‑ term debtors are recognised at the settlement amount due and are measured at the amount recoverable. This includes amounts owed to the church such as Gift Aid recoverable, prepayments, and other receivables arising from the church’s activities. Debtors with no stated interest rate and which are due within one year are recorded at their transaction price. Any impairment losses are recognised immediately in the Statement of Financial Activities. 

14 



Pelsall Evangelical Church 

## Notes to the financial statements 

for the year ended 31 December 2025 (continued) 

## 2.0 Accounting policies (continued) 

2.11 Cash and cash equivalents 

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less. 

## 2.12 Investments 

Investments comprise deposits and other short ‑ term funds that do not meet the definition of cash and cash equivalents. These include term deposits and notice accounts where the maturity or notice period exceeds three ‑ months. Investments are stated at cost, as this approximates fair value for these short term deposits. 

## 2.13 Creditors 

Creditors are recognised when the church has a present legal or constructive obligation as a result of a past event, it is probable that settlement will be required, and the amount can be measured reliably. Creditors and accruals due within one year are measured at the amount expected to be paid and are recorded at their transaction price. 

This includes amounts owed for goods and services received before the year end, payroll liabilities, tax and social security balances, and amounts due under supplier invoices not yet settled. Any differences arising from impairment or adjustments are recognised immediately in the Statement of Financial Activities. 

## 2.14 Employee benefits 

‑ Employee benefits include short term benefits such as wages, salaries, employer National Insurance contributions, employer pension contributions, paid annual leave, and sick leave. These are recognised as an expense in the period in which the employees render the related service. 

The church contributes to defined contribution pension schemes for eligible employees. Pension contributions are charged to the Statement of Financial Activities (SoFA) as they become payable in accordance with the scheme rules. The church has no liability beyond the payment of these contributions. 

An accrual is made for any outstanding holiday entitlement at the reporting date, measured at the salary cost of the employees concerned. 

No trustees received remuneration for their role as trustees. Where trustees are also employees, any remuneration relates solely to their employment duties and is disclosed in accordance with the Charities SORP. 

## 2.15 Governance costs 

Governance costs comprise those costs associated with the constitutional and statutory requirements of the church. These include costs relating to the preparation and independent examination of the financial statements, trustee meetings, legal and professional advice required for compliance purposes, and any costs relating to the strategic oversight of the charity. 

Governance costs are included within expenditure on charitable activities in the Statement of Financial Activities unless they can be directly attributed to another activity. 

15 



## Pelsall Evangelical Church 

## Notes to the financial statements 

## for the year ended 31 December 2025 (continued) 

||Notes to the financial statements<br>for the year ended 31 December 2025 (continued)|
|---|---|
||3.<br>Donations<br>2025<br>Unrestricted<br>£<br>Restricted<br>£<br>Total<br>£|
||Donations<br>164,122<br>161,193<br>325,315<br>Gift aid on donations<br>26,808<br>41,000<br>67,808|
||Total donations<br>190,930<br>202,193<br>393,123|
||2024<br>Unrestricted<br>£<br>Restricted<br>£<br>Total<br>£|
||Donations<br>151,082<br>48,493<br>199,575<br>Gift aid on donations<br>26,351<br>-<br>26,351|
||Total donations<br>177,433<br>48,493<br>225,926|
|||
||4.<br>Other income|
||2025<br>2024<br>£<br>£<br>Other income<br>19,557<br>13,629|



Other income is unrestricted and relates primarily to sundry receipts arising from church activities, including occasional event income. 

|5.|Investment income||||
|---|---|---|---|---|
|2025||Unrestricted|Restricted|Total|
|||£|£|£|
|Interest||1,503|869|2,372|
|2024||Unrestricted|Restricted|Total|
|||£|£|£|
|Interest||334|189|523|



16 



Pelsall Evangelical Church 

## Notes to the financial statements 

## for the year ended 31 December 2025 (continued) 

## 6. Expenditure on charitable activities 

|Unrestricted|2025|2024|
|---|---|---|
||£|£|
|Salaries and staff expenses (see note 8)|94,262|99,574|
|Mission giving|23,357|19,338|
|Utilities and subscriptions|8,727|8,818|
|Maintenance and purchases|13,355|13,848|
|Governance costs|954|-|
|Other expenditure|17,114|12,246|
|Total expenditure|157,769|153,824|
|Restricted|2025|2024|
||£|£|
|Hardship gifts|787|4,140|



7. Net income/expenditure 

Net income/(expenditure) for the year is stated after charging: 

||Net income/(expenditure) for the year is stated after charging:|
|---|---|
||Unrestricted<br>2025<br>£<br>2024<br>£|
||Governance costs: Independent examiner’s remuneration<br>954<br>-|
|||
||8.<br>Employee benefits|



During the year, the charity made payments for employment and contracted services to trustees and to individuals connected to trustees. The total value of remuneration paid to trustees for services provided to the charity was £53,175 (2024: £50,613). 

Payments to related parties (being close family members of trustees) totalled £31,260 (2024: £31,665). Payments for personal expenses paid to trustees was £798 (2024: £673) and payments for personal expenses to related parties was £0 (2024: £3,780) 

All payments were made for services delivered to the charity on normal commercial terms and were approved by the trustees in accordance with the charity’s conflicts ‑ of ‑ interest policy. No other trustee received any remuneration or benefits from the charity, although reasonable expenses may have been reimbursed where incurred in carrying out trustee duties. 

17 



Pelsall Evangelical Church 

## Notes to the financial statements 

## for the year ended 31 December 2025 (continued) 

|8.<br>Employee benefits (continued)|||
|---|---|---|
|Staff costs|2025|2024|
||£|£|
|Wages and salaries (gross)|84,589|90,641|
|Social security costs|5,349|4,530|
|Employer’s contribution to defined contributionpension schemes|4,324|4,403|
|Total staff costs|94,262|99,574|



The average number of employees during the year was 4 (2024: 5). 

No employee received total employee benefits, excluding employer pension contributions, in excess of £60,000 during the year (2024: none). 

9. Tangible fixed assets 

||||Building||
|---|---|---|---|---|
||||improvements||
||Land|Buildings|in progress|Total|
||£|£|£|£|
|Cost or valuation|||||
|At 1 January 2025|7,000|-|-|7,000|
|Additions|-|-|53,478|53,478|
|Transfers|-|-|-|-|
|Disposals|-|-|-|-|
|At 31 December 2025|7,000|-|53,478|60,478|
|Depreciation|||||
|At 1 January 2025|-|-|-|-|
|Charge for the year|-|-|-|-|
|Disposals|-|-|-|-|
|At 31 December 2025|-|-|-|-|
|Net book value|||||
|At 31 December 2025|7,000|-|53,478|60,478|
||||||
|At 31 December 2024|7,000|-|-|7,000|



## Land and buildings 

The church owns a freehold property comprising land and buildings. Documentary evidence exists for the original land purchase and this has been recognised at historical cost. 

Reliable information on the original cost of the church building and historic improvements is not available and therefore the building is carried at nil cost. 

18 



Pelsall Evangelical Church 

## Notes to the financial statements 

## for the year ended 31 December 2025 (continued) 

9. Tangible fixed assets (continued) 

## Building improvements in progress 

Building improvements in progress relate to professional fees and planning costs incurred in respect of proposed extensions to the church building. These costs will be transferred to buildings and depreciated when the project is completed and brought into use. 

## Capital commitments 

At 31 December 2025, contractual commitments for the acquisition of tangible fixed assets amounted to £35,800 (2024 - £Nil). These commitments relate to professional fees for the planning and design phase of proposed building improvements, being the remaining costs due under existing contracts. No contractual commitments had been entered into for the construction phase of the project as at the year end. 

## 10. Debtors 

||2025|2024|
|---|---|---|
||£|£|
|Accrued income|31,066|22,091|
|Prepaid expenses|7,282|7,450|
|Total debtors|38,348|29,541|



## 11. Investments 

||2025|2024|
|---|---|---|
||£|£|
|Opening balance|-|-|
|Additions|10,186|-|
|Closingbalance|10,186|-|



‑ ‑ The investment comprises a short term deposit subject to a 120 day notice period. The investment is held within unrestricted funds and is measured at cost, which approximates fair value. 

## 12. Creditors amounts falling due within one year 

||2025|2024|
|---|---|---|
||£|£|
|Accrued expense|3,496|2,089|



19 



Pelsall Evangelical Church 

## Notes to the financial statements 

for the year ended 31 December 2025 (continued) 

|13.<br>Restricted funds|||
|---|---|---|
|Building fund|2025|2024|
||£|£|
|Opening balance|51,774|7,000|
|Income|202,809|44,774|
|Expenditure|-|-|
|Transfers|-|-|
|Closingbalance|254,583|51,774|



The Building Fund holds donations, gift aid and interest received for the church building project. Depreciation of the church building is charged to this fund. 

|Hardship fund|2025|2024|
|---|---|---|
||£|£|
|Opening balance|534|766|
|Income|253|3,908|
|Expenditure|(787)|(4,140)|
|Transfers|-|-|
|Closingbalance|-|534|



The Hardship Fund represents donations received specifically to support individuals facing financial difficulty. All remaining funds were used during the year, and the balance is now fully spent. The fund has been discontinued, and any future hardship needs will be met from the General Fund. 

|14.<br>Unrestricted funds|||
|---|---|---|
|General fund|2025|2024|
||£|£|
|Opening balance|72,020|34,448|
|Income|211,990|191,396|
|Expenditure|(157,769)|(153,824)|
|Transfers|-|-|
|Closingbalance|126,241|72,020|



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Pelsall Evangelical Church 

## Notes to the financial statements 

for the year ended 31 December 2025 (continued) 

## 15. Analysis of net assets by fund 

|2025|Unrestricted|Restricted|Total|
|---|---|---|---|
||£|£|£|
|Tangible fixed assets|-|60,478|60,478|
|Current assets|129,737|194,105|323,842|
|Creditors: amounts fallingdue within oneyear|(3,496)|-|(3,496)|
|Total|126,241|254,583|380,824|
|2024|Unrestricted|Restricted|Total|
||£|£|£|
|Tangible fixed assets|-|7,000|7,000|
|Current assets|74,109|45,308|119,417|
|Creditors: amounts fallingdue within oneyear|(2,089)|-|(2,089)|
|Total|72,020|52,308|124,328|



## 16. Related parties 

Refer to note 8: Employee benefits for detail on related party transactions. 

17. Volunteers 

The church benefits from the contribution of volunteers who assist in its activities, including children’s work, music, catering, cleaning and maintenance. The value of this volunteer time is not included in the financial statements in accordance with the Charities SORP. 

## 18. Taxation 

The church is a registered charity and is therefore exempt from taxation on its charitable activities under the provisions of the Income Tax Act 2007 and the Corporation Tax Act 2010. Accordingly, no corporation tax charge has been recognised in the financial statements. 

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