SPRING ROAD EVANGELICAL CHURCH FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Contents: Pagel-3 Trustees Report Page 4 Appendix to Trustees Report Page 5 Independent Examiners Report Page 6 Statement of Financial Artivtties Page 7 Balance Sheet Page 8- 10 Notes to the Accounts David Cooke & Co Chartered Accountants 5 Briar Close Banbury Oxon OX16 9DS
Page I SPRING ROAD EVANGELICAL CHURCH TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees have pleasure in presenting their report and the Financial Statements of the Church forthe year ended 31 March 2025. Reference and Administrative Details The address is.. Spring Road Evangelical Church, Spring Road, Southampton SO19 2NU. The charity trustees for the purpose of these accounts comprise the Elders and Deacons of the Church. The Elders and Deacons duringthe year were as follows: Mark Stocker (Pastor) Mike Taylor Tim O'mahony Richard Patten Mike Collins Richard Cruse Rex Stocker Structure, Governance and Management rnin The Charity is controlled by its governing document (the CIO Constitution) and also by the "Church Rules and Regulations" The Church is registered with the Charity Commission, registration number 1200528. Recruitment and a ointment of new trustees The appointment ofnew trustees is governed and set out in the governing document. It is the Elders and Deacons who are elected as trustees by the Church Meetin& and are responsible for leadership of the church. The Elders and Deacons meet regularly to effect proper control of all arrangements for the running ofthe church. Safe uardin We seek to regularly review our safeguarding activities and procedures and regularly remind the church of good practice and the need for vigilance in this matter. Objectives and Activities Our aim is to advance the Christian faith through those methods and means commended to Us in the Bible, showing a practical loving concern for all men and women, regardless of background or race, with an aim to the glory of God. We make known the message of the Bible through various means such as the Sunday worship se]ceS (to which all are welcome). open air preachin& through the church book shop, through children's and young people's clubs and activities and by the distribution of free literature. We seek to encourage Christians in their faith, through teaching fellowship, pastoral care and ministry to the elderly and infirm. We provide food and diaconal aid for those who are in need, both here and overseas. We give financial support to other charities whose aims are consistent with our own.
Page 2 SPIUNG ROAD EVANGELICAL CHURCH TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 (Continued) Achievements and Perforniance rvi We welcome all members of the public who wish to attend our services of worship. In the regular preaching of the church, we are now in a series in Luke's gospel in the morning, and a series on'what is a Christian?" in the evenings. We continue with the monthly invitation service with several taking the opportunity to invite friends. We have had several new people attend these services, some from the open-air meetings, some through contact with those in the Bookshop and some through personal invitation. The meal provided after the invitation service still proves popular. We have rejoiced to hold two baptisms during the past year. Bible Stud and Pra er Meetin It is encouraging that we have good numbers at the prayer meeting. Prayer is fundamental to the life of the church. In the Bible Studies we are following a survey of the Old Testament books. We have had others also take occasional Bible studies. Church De artments Though our membership is smaller, with the ongoing support and work of the members and of others who attend, and with God's help, the church has maintained over 20 departments and artivitie% thrnughnut the year. hurch and th We seek to encourage and support other churches through our Wessex Prayer Link. Our Wessex Conference took place on Saturday 22nd February. Fellowship was enjoyed with those from several other churches. ort of Works Abroad We have given gifts to various charities and causes as set out in note 8 on pages 10 & 11. We have also had representatives come and speak to us from the Middle East Reformed Fellowship, SASRA (The Soldier and Aviators, Scripture Readers Association), Lefkosia Protestant Church, Cyprus (lames Swanson) and heard about the work Jonathan and Vicky Durstenfeld. astora e and Hel se in Need We have providcd food for some members in need. Regular visitation of those unable to attend the church, those with poor health and those in hospital has been undertaken. Livestream We continue to live stream our services. This is an invaluable help to those who are unable to attend the services in person.
Page 3 SPRING ROAD EVANGELICAL CHURCH TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 (Continued) Achievements and Performance (continued) We are still prayerfully seeking to appoint an assistant who can help our current pastor with his duties and who might be suitable to take up the pastorate when the current pastor retire5. We have set aside a Designated Fund for this purpose. We now have a completely new entrance foyer, which allows an unhindered view inro the church and includes a room for the livestream equipment and operators and a space for parents and young children. Public Benefit In carrying out its activities in the year under review, the trustees have had regard to the public benefit guidance issued by the Charity Comrnission, and are satisfied that the activities mentioned above have all been for the public benefit. Financial Review The financial state of affairs of the CharÉty is considered to be satisfactory. The Trustees believe that the Charity has adequate resources to continue in operational existence for the foreseeable future. Princi al f in sour These are the gifts and offerings from mernbers and attendees at services, and legacies. Funds are used to pay the Pastor's salary, to pay for the cost of running the Church premises, to supporr Missionary organisations and to provide literature and to fund various projects. The church continues to hold funds in respect of an exceptional legacy received in the year ended 3 1 March 2015. which has been placed in a DesigiiaLed Fund, to assist in the tinancing of a possible tuture new minister. On behalf of the Elders & Deacons Trustee rus Date..
Page 4 SPIUNG ROAD EVANGELICAL CHURCH APPENDIXTO THE TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 Departments and Artivities of the Church Church Bulletin Inserts Creation Librar lorers Sunda School lunior Frida Club Senior Frida Club Foundations Young People's Fellowship Houseparty and Houseparty @ Home flower Bulletin Service Men's Breakfast Bible Studies Ma flower Christian Booksho en Airs Senior Fellowshi Sunda Pra er Meetin Thursday Fellowship Wessex Conference & Wessex Prayer Link Youn Peo Youn Peo Older Youn unior Bible Class Ladies Bible Studies Livestream le's Bible Stud le's Weekend Peo le's Weekend
Page 5
INDEPENDENT EXAMINER’S REPORT
TO THE TRUSTEES OF SPRING ROAD EVANGELICAL CHURCH
I report on the accounts of the Church for the year ended 31 March 2025, which are set out on pages 6 to 10.
Respective responsibilities of trustees and independent examiner
The church's trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year (under section 44(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is needed.
It is my responsibility to:
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Examine the accounts under section 145 of the 2011 Act;
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To follow the procedures laid down in the General Directions given by the Charity
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Commissioners under section 145 (5) (b) of the 2011 Act; and
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To state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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 you as 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
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which give me cause to believe that, in any material respect
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
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the accounts did not comply with the applicable requirements concerning the form and
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content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
David Cooke MA (Oxon) FCA FCIE David Cooke and Co. Chartered Accountants 5 Briar Close, Banbury, Oxon. OX16 9DS
Date: 15 January 2026
Page 6
SPRING ROAD EVANGELICAL CHURCH
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| Note Incoming Resources Voluntary income - Donations & Collections Investment income Total incoming resources Resources expended Cost of Generating Funds 2 Charitable Activities 3 Total Resources Expended Net Movement of Resources Transfers between Funds General Fund brought forward General Fund carried forward |
Unrestricted Designated Restricted 2025 Fund Funds Funds Total £ £ £ 121,699 - 18,970 140,669 712 3,224 525 4,461 122,411 3,224 19,495 145,130 817 - - 817 78,368 - 20,889 99,257 79,185 - 20,889 100,074 43,226 3,224 (1,394) 45,056 (2,181) - 2,181 - 41,045 3,224 787 45,056 109,102 74,861 12,541 196,504 150,147 78,085 13,328 241,560 |
Unrestricted Designated Restricted 2024 Fund Fund Funds Total £ £ £ 89,837 - 11,948 101,785 1,021 495 - 1,516 90,858 495 11,948 103,301 990 - - 990 83,057 - 15,725 98,782 84,047 - 15,725 99,772 6,811 495 (3,777) 3,529 (3,858) - 3,858 - 2,953 495 81 3,529 106,149 74,366 12,460 192,975 109,102 74,861 12,541 196,504 |
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The notes on pages 8 to 10 form part of these financial statements.
SPRING ROAD EVANGELICAL CHURCH Page7 BAMC£sHEEr ASAT31 MARCH 2025 Unre5tri¢red tkeslRniiied 2025 Ilnresirlcred Desl8lMted Restilcted 2024 XEDASSETS 450 450 CVRRENT ASSETS 12&133 78.085 13.3ZB Z17.546 Z4.Z19 96.755 15.73Y 74.861 12.541 IB4.157 15.739 l)ÈbtOT5 &PrepJyrnent5 15r).352 13,328 241.76S 112.¢94 74.861 12.541 199.1196 LF&S.. CREDITORS.. Due 1th oneyexr 16SSI 18.3921 13.1921 Net CurrelitAssers 24V.647 79.085 13.JZ8 I09.J02 74,801 196.504 NEF ASSEI 150.147 78.085 241,560 1¢)9,IL12 74.861 19CI.SQ4 BFS&JiVES 15Q.147 13.32 241.560 ID9.IQ2 74.861 96.JfD4 AppTovcd un 15 2ts ZDL5.. 'I'rca511N'r I'he nts¢es vn pJ%es ¥ tts IQ furm partolihcStfinan¢iJl £tstQinents.
Page 8
SPRING ROAD EVANGELICAL CHURCH
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
1. Accounting Policies
The following accounting policies have been used consistently in dealing with items which are considered material in relation to the Church's Financial Statements.
(a) Accounting Convention.
The Financial Statements are prepared under the Historical Cost Convention, and in accordance with the Charities Statement of Recommended Practice (FRS 102) effective from 2015.
(b) Income.
Donations represent cash received during the year, including tax repayments receivable. Investment income comprises interest received from money in deposit accounts.
(c) Expenditure
The cost of generating funds are costs incurred in promoting the Church and its work.
Charitable Activities Expenditure comprises all expenditure directly related to the Church's objects, together with support costs.
(d) Fixed Assets
The church building is a historic asset. No valuation is included in the accounts as significant costs are involved in obtaining such a valuation which are onerous compared with the additional benefit derived by the users of the accounts in assessing the trustees' stewardship of the assets.
Fixed assets below an original cost of £500 are not capitalised. Depreciation is provided on all other fixed assets on a straight-line basis, at a rate calculated to write off the cost of the asset less its estimated residual value over its expected useful life at the following annual rates:
| Furniture & equipment Motor vehicles 2. Costs of Generating Funds Advertising & Publicity 3. Charitable Activities Staff costs (note 5) Visiting speakers' fees Other Ministry & Missions (note 4) Gifts to Needy Church Minibus costs Houseparty/Weekends Repairs & Maintenance Property immprovements Utilities & internet Insurance Administration expenses Depreciation Miscellaneous expenses Independent Examination 4. Other Ministry and Missions Outreach Anniversary Young People's Clubs Wessex Conference Open Air External outreach |
25% 25% Unrestricted Designated Restricted 2025 Funds Fund Funds Total £ £ £ £ 817 - - 817 50,078 - - 50,078 2,675 - - 2,675 1,092 - 18,598 19,690 444 - 82 526 2,402 - - 2,402 322 - 2,209 2,531 1,182 - - 1,182 14,295 - - 14,295 3,582 - - 3,582 1,122 - - 1,122 415 - - 415 150 - - 150 114 - - 114 495 - - 495 78,368 - 20,889 99,257 1 - - 1 - - - 279 - - 279 498 - - 498 314 - - 314 - - 18,598 18,598 1,092 - 18,598 19,690 |
Unrestricted Designated Restricted 2024 Funds Fund Funds Total £ £ £ £ 990 - - 990 46,752 - - 46,752 2,020 - - 2,020 1,978 - 11,791 13,769 1,096 - - 1,096 2,351 - - 2,351 9 - 3,934 3,943 23,160 - 23,160 - - - - 3,450 - - 3,450 1,065 - - 1,065 489 - - 489 - - - - 192 - - 192 495 - - 495 83,057 - 15,725 98,782 791 - - 791 11 - - 11 513 - - 513 419 - - 419 244 - - 244 - - 11,791 11,791 1,978 - 11,791 13,769 |
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Page 9
SPRING ROAD EVANGELICAL CHURCH
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 (Cont.)
----- Start of picture text -----
Unrestricted Designated Restricted 2025 Unrestricted Designated Restricted 2024
Funds Fund Funds Total Funds Fund Funds Total
5. Employee information £ £ £ £ £ £ £ £
Gross wages & salaries 44,837 - - 44,837 42,108 - - 42,108
Pension costs 971 - - 971 889 - - 889
Pastor's expenses 4,270 - - 4,270 3,755 - - 3,755
50,078 - - 50,078 46,752 - - 46,752
----- End of picture text -----
The average number of persons employed during the year was 2 (2024: 2). No employee received remuneration in excess of £60,000 p.a. No trustee received any remuneration, apart from Mr Stocker for his work as the pastor of the church.
| 6. Fixed Assets Cost Brought forward Additions Disposals Carried forward Depreciation Brought forward Charge for the year Disposals Carried forward Balance at end of year Balance at start of year 7. Debtors Gift Aid Tax refund due Supplier accounts in credit 8. Creditors Suppliers Accruals 9. Funds UnrestrictedFunds General Fund Designated Fund: New Minister Fund Total unrestricted RestrictedFunds New Minibus Fund Houseparty Fund Adults Weekend YP Weekend Maintenance Fund Hardship Fund External outreach Total restricted Total Funds |
2025 Brought forward |
Equipment 600 600 - 150 - 150 450 - Unrestricted Funds £ 23,870 349 24,219 160 495 655 2025 Incoming Resources 122,411 3,224 125,635 395 20 2,525 1,680 150 390 14,335 19,495 145,130 |
Motor Vehicles 18,600 - - 18,600 18,600 - - 18,600 - - Designated Fund £ - - - - - - 2025 Resources Expended (79,185) - (79,185) - (20) (557) (1,632) - (82) (18,598) (20,889) (100,074) |
2025 Total 18,600 600 - 18,600 18,600 150 - 18,750 450 - Restricted Funds £ - - - - - - 2025 Fund Transfers (2,181) - (2,181) - - (1,968) (48) - - 4,197 2,181 - |
2025 Total £ 23,870 349 24,219 160 495 655 2025 Carried Forward 150,147 78,085 228,232 8,985 - - - 3,675 308 360 13,328 241,560 |
2024 Brought forward |
Unrestricted Funds £ 15,719 20 15,739 2,897 495 3,392 2024 Incoming Resources |
Motor Vehicles 35,046 - (16,446) 18,600 35,046 - (16,446) 18,600 - - Designated Fund £ - - - - - - 2024 Resources Expended (84,047) - (84,047) - - (2,045) (1,889) - - (11,791) (15,725) (99,772) |
2024 Total 35,046 - (16,446) 18,600 35,046 - (16,446) 18,600 - - Restricted 2024 Funds Total £ £ - 15,719 - 20 - 15,739 - 2,897 - 495 - 3,392 2024 2024 Fund Carried Transfers Forward (3,858) 109,102 - 74,861 (3,858) 183,963 - 8,590 - - 2,000 - 189 - - 3,525 - - 1,669 426 3,858 12,541 - 196,504 |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 109,102 - 74,861 183,963 8,590 - - - 3,525 - 426 12,541 196,504 |
106,149 74,366 180,515 8,590 - - - 3,525 - 345 12,460 192,975 |
90,858 495 91,353 - - 45 1,700 - - 10,203 11,948 103,301 |
Page 10
SPRING ROAD EVANGELICAL CHURCH
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 (Cont.)
| 9. Funds (cont.) 2025 Brought forward Sub-analysis of External Outreach Fund Baruch Maoz - Brian Ellis - Christian Institute - Cubao RB Church - Cyprus - Mayflower Chr Books - MERF - Miscellaneous Naphtally Ogallo 81 Nathaniel Kendagor 345 Outreach offering - Poh Boon Sing - Sri Lanka - Sri Lanka Trip TRAIN - 426 |
2025 Incoming Resources 110 - 55 124 55 - 302 - 250 - 9,016 - 1,065 3,278 80 14,335 |
2025 Resources Expended (110) - - (124) - - (302) - (81) (345) (11,387) - (1,065) (5,104) (80) (18,598) |
2025 Fund Transfers - - - - - - - - - - 2,371 - - 1,826 - 4,197 |
2025 Carried Forward - - 55 - 55 - - - 250 - - - - - - 360 |
2024 Brought forward - - - - - 45 - - - - - 200 100 - - 345 |
2024 Incoming Resources 155 360 - - - - - 80 81 345 8,016 125 546 - 495 10,203 |
2024 Resources Expended (155) (360) - - - (45) - (80) - - (9,685) (325) (646) - (495) (11,791) |
2024 2024 Fund Carried Transfers Forward - - - - - - - - - - - - - - - - - 81 - 345 1,669 - - - - - - - - - 1,669 426 |
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10. Related party transactions
During the year the Church had the following dealings with Mayflower Christian Bookshop, a charity whose trustees are all members of the Church:
| Church: | ||
|---|---|---|
| 2025 | 2024 | |
| Items purchased | 403 | 1,048 |