Naunton Lane Evangelical Presbyterian Church (EPCEW) Annual Report for the year ended 31[st] March 2024.
The Trustees present their report and financial statements for the year ended 31 March 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Declaration of Trust, the Charities Act 2011 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) (effective 1 January 2019)".
Objectives and activities
The Naunton Lane Evangelical Presbyterian Church in Cheltenham is a group of Christians who are committed to following Jesus Christ. We are a Bible based Church, viewing the Bible as our rule for what we believe and how we live our lives. We are an Evangelical church which means we are centred on the 'Gospel', or 'Good News', about Jesus Christ coming into the world to save people. We are a Presbyterian church, which means we follow a representative form of church government, and our beliefs and teaching are in line with our historic subordinate standard, the Westminster Confession of Faith and Catechisms. We are a friendly church, welcoming anyone who wants to follow, or to find out about following, Jesus Christ.
We also seek to relieve persons who are in conditions of need or hardship, or aged and sick, and to relieve the distress caused hereby in line with Biblical principles.
This activity fulfils the objectives of the Charity, as stated in the Trust Deed, which are to further the Christian faith.
Public benefit
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Achievements and performance
The Church normally meets for the public worship of God, morning and evening, on the Lord's Day, and for Bible Study and prayer at the midweek meeting. We have a time of fellowship in the church hall after the services with tea and coffee, and once a month we have a ‘bring and share lunch.’
We have made adjustments, when needed, due to government Covid guidance, and our own Covid risk assessments.
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Services are normally taken by our Minister, Ministerial Assistant or one of the Elders. On occasion, an appropriate visiting preacher is invited.
Our church services are livestreamed so that friends, who are unable to attend in person, can be blessed by the ministry.
We held midweek prayer meetings and homegroups once a month which studied the book ‘Lets Study Ephesians.’
We held our traditional week of prayer at the start of the New Year from 22[nd] to 27[th] of January 2024.
Rev Chris Kavanagh retired as a member of session at the end of December 2023 following 9 years of faithful service.
During the year Lucas Da Costa, our ministerial assistant, continued his development under the guidance of the elders. He preached regularly and supported the various meetings of the Church. He made excellent progress.
Our 4 deacons have made an excellent contribution to the smooth running of the church during the year.
The church takes periodic collections for the Deacons’ Fund which is used in a confidential manner to help those in need who are associated with the church in line with Biblical principles.
We have a book table in the church with free books available. These have been selected by the Elders as an encouragement to church members and friends.
We have held a junior Sunday School Class for some young participants during the morning service. This has been well received.
On Friday evening during term time, the Church runs a JAM club (Jesus and Me), for Biblical instruction of primary school aged children which is very well supported.
We run a monthly meeting for seniors at Badgeworth Court Care Home.
We also run Holiday Bible Clubs twice a year in the church for additional Biblical instruction of primary school aged children.
About four times a year the church members and friends normally leaflet the local community, seeking to encourage interest in the Christian faith and attendance at the various meetings of the Church, particularly Sunday Services.
On the 9[th] March we hosted a concert of classical music with a Christian theme with the professional musicians group Dei Gratia Ensemble. Members of the local community were invited. There was an excellent attendance.
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The Church also has a ministry to university students (particularly International students), including holding events for those who attend the Church, showing hospitality and friendship, and also providing speakers for Christian events run by the university's Christian Union.
We hold a monthly Men's Meeting which meets in homes. We have been studying ‘Maturity’ by Sinclair Ferguson and ‘All Things Made New’ by John Flavel.
Periodically, we have Christianity Explored classes for those interested in the Christian Faith, and Discipleship Explored Classes for those seeking to grow in their knowledge and walk with the Lord.
We have a weekly ‘Mother and Baby’ Bible study, which is popular with the mothers as a time of fellowship and sharing God's word. This usually takes place using zoom but sometimes meets in homes.
We host a monthly meeting for seniors, called Prime Time, during which coffee, tea and cake are enjoyed, hymns are sung, and fellowship enjoyed.
At the time of our Harvest Thanksgiving Service we collected food for donation to the Cheltenham foodbank for sharing with those in need..
We arranged a joint Churches’ Day Out at Gretton Village Hall on Saturday 22[nd] July 2023. It was a good time of fellowship, food and fun, and was well supported by friends of all ages.
The Church has sought to support those in need or hardship in various ways - materially where appropriate, and also spiritually.
In matters of serious hardship abroad, eg earthquakes, hurricanes etc, the Church may seek to give some financial support. This would normally be channelled through Churches in their community, so that distribution was in line with Biblical principles.
The church supports the Blythswood Christmas Shoe Box Campaign, with donated gifts being sent to people, mostly in Eastern Europe, and distributed through local churches to those in need.
The Elders of the Church seek to visit those in special need, eg illness, and to encourage them in the Gospel from the Bible.
The Church seeks to support missionary outreach at home and abroad. We schedule visits from suitable missionaries who are at home on furlough, or are visiting churches to hear an update about the aspect of the Lord’s work they are engaged in.
Since October 2007 the Church has been supporting the work of the Presbyterian Christian Association of Mangalia, a mission Church in Romania, This church runs a number of programmes for disadvantaged local people. In this Ministry we are involved with a truly international team: the Minister in charge has been the Rev
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Gilberto Coelho, who is a Minister of the Presbyterian Church of Brazil. We still seek to give support as we are able.
Training for trustees is largely ad-hoc and dependent on requests from individuals for training in specific areas. The Charity relies heavily upon individual members, with specific responsibilities, taking the initiative in keeping themselves up to date on wide ranging legislative matters, and the dissemination of summarised reading matter to the charity as a body where appropriate. Use is made of additional material, where possible, on issues such as Child Protection and, to a large extent, the content of the Annual Report.
Church giving and expenditure has been reviewed by the deacons and elders, and a number of programmes identified and implemented. This has been shared with church members for their input and support. While church finances overall are healthy, expenditure has been greater than income and ongoing focus will be needed.
Financial review and Reserves
There was a surplus on unrestricted funds for the year. It is the policy of the charity that unrestricted funds, which have not been designated for a specific use, should be maintained at a level equivalent to between three and six months expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities whilst consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
The CIO of Naunton Lane EPC charity number 1204443 received by transfer the church building which is used for worship and other church activities on March 31, 2024. The building was received from an independent trust, and is valued at £700,000, which is represented in the CIO accounts.
Risk Factors
The Trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. A Child Protection Policy is operative, and all involved with regulated youth activities and/or vulnerable adults, have passed DBS checks.
Copyright and Music Licences are held as needed in respect of the activities of the Church.
The building and contents have continued to be comprehensively insured, and this insurance also provides indemnity in respect of the liabilities of the Trustees and members. Employer's liability insurance is also included. The Trustees are aware of the anti-money laundering regulations and fully comply with them
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The accounts for the trust 1137484 Naunton Lane Evangelical Presbyterian Church, - for April 01, 2023 March 31, 2024 are appended for information.
Charfty roghbtratlon number 1204443 NAUNTON LANE EVANGELICAL PRESBYTERIAN CHURCH (EPCEW) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Caladine Charlered Cerlified Accountonls
NAUNTON LANE EVANGELICAL PRESBYTERIAN CHURCH (EPCEW) LEGAL AND ADMINISTRATIVE INFORMATION Tru&ts•• Mr S A Johnston Rev D Fi Pferffer Dr F P Driilhout Charlty number 1204443 Prfnclpal •ddr••• 23 Naunlon Lane Lackhampton Chtrkenham Gloucester Glou¢est¢rshlrg GL53 7BJ Ind•p•nd•nt •x•mlner John Culadlne FCCA CTA FCIE Coladlne Llrnited Chantry House 22 Vpperton Rojd Easlt>ourne East Suis•x BN21 1BF
NAUNTON LANE EVANGELICAL PRESBYfERIAN CHURCH (EPCEW) CONTENTS P8g• Twstees, report statement ol Trustees. respon$lbilitl&s Independonl 8¥amln•rf$ r•port Statement offjn•ndal advNI?4 StBlemenl of financlgl p081Uon Notes to the fln8ncl818talemenl$ 7-16
NAUNTON LANE EVANGELICAL PRESBYTERIAN CHURCH (EPCEW)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Twstees present thalr #nnual report and finandal $totements for the year ended 31 Mgr¢h 2024.
The finandal Statements have b8erh prepared in accordance with the aCcoUnn9 polic4es set out In note 1 to the
flnanclal 5tatEments end comply wlth the charlty's Dedarauon of Trust, th& Ch8rfUes Aci 2011 and 'A
NAUNTON LANE EVANGELICAL PRESBYfERIAN CHURCH (EPCEW) TRUSTEES, REPORT (CONTINUED) FOR ThIE YEAR ENDED 31 IIAARCH 2024 The Thistee8 eerv•d ring th• yearond up to the dete of8ignawrtr oflh• ffinandal 8tatsm¢nts worn: Mr SAJLthnston Rev D R Pfaiff Dr F P DrfJfi)out Rni11m8nÈéndappollTh7tQf tN8ts08 None ollhg TrusteÈ8 ha8 ony beneflclal Intere•t In Ihg TruBt. The Church14 cuffenty18d by a MlnlÉt•r and Mt) 0th8rekler Th8Tnte08' repcrtwas aForowd tylhe ld olTw8ts88. Mr SAJohn8ton Thi•t•
NAUNTON LANE EVANGELICAL PRESBYfERIAN CHURCH (EPCEW) STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The Twstees are i¢$ponslble for ppartn9 thè Trustees, Report and the fin8ncAal 3tatements in accordance th applicable law and United Kingdom Aceountlng Stsndards IUn6tgd Klngdom Genorglly Arxepted Accountlng Pfactlcel. The law applicable to charille¥ In England and Wale8 requlres the Trustee5 to prepare finand?I statements for each finandal year whlth give a true and fair view of the $18le of affaiTB of the ch8rity and of the Incomlng Tesourcos and 8pplleation of rtr50uT of the charfty for that year. In preparing thesè finanaal st8lement8, the Tw¥tee8 are quIred to: - select sultable 8ccounting pollda$ •nd Ihen apF4y them consl$l•nty: - observa the methods Bnd prlndples in the char*9 SORP.. - make ludgements and esllmates thBI are r8ason8ble ond pwudent.. slats whether appltrablts accountlng standaTdB hav• b&•n followed, subl to any materf•l dapartures di8do8ed and explained In the ffnpnclal statements,. and prepare the ffinancio18tatements on th• golng concem ba818 unl•86 1118 Inapproprtal• to presume that th8 charlty 11 conllnu& In operatlon. The Tru8tee8 are respOnble for keeping 6uffid¥nl accountlng records that disd05e wth #Bonable accvr8cy at 8ny tlme the finandBI posltion of the th8rity and engble thern to en8ur• th81 the flnanclal $lalements comply wlth th• ChadUeB Act 2011, the Charlty IAccoun18 and Reports) Regul8bon8 2008 and the provlsions of the Iru$l aeed. They are also r•$pon$lble for Bafeguarding the asgels ol the ch8rlty ond hencè lor taklng reasonablo $¢ep8 for the prevontlon and detectlon of fraud ond other Irr8gulaTMe8.
NAUNTON LANE EVANGELICAL PRESBYfERIAN CHURCH (EPCEW) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NAUNTON LANE EVANGELICAL PRESBYfERIAN CHURCH IEPCEW I report lo the Trustees on my examinaOn of the )InancAal 8iatements of Ngunton Lane EvonylScal Presbytedan Church IEPCEW) (the ¢haTItyI for the year endad 31 March 2024. R•¥ponslbllltl•8 and ba•1• of report As the Tru81ee8 of the ch8rlty you A re5pon8iblp for the preparalon of the ffinandal 6taternents In aecoTdaDce wsth the requlrtrments of the Charitie8 Act 2011 (the 2011 Act). I report In respect of My examlnallon of the charlty'6 )InBndal slotement8 carried out undar section 145 olthe 2011 Act. In carrying out Tny examlnallon I hove followed 81 the 8pplicable Direcllons glven by the Charlly Commlsslon under 8eth.on 14515llbl of th¢ 2011 Act. Ind•pend8nt ¢xamlnerf• •tatem•nt Your attentlon Is drBwn to the f8ct Ihat Ihe charlty h88 pr8pared fln8ncl81 Ét8t•ment6 In accorda th Accounting and Reportlng by Charities preparing their accounts in accordance with the Flnancial Repon9 Standgrd applicable in Ihe UK and Republic of Ireland IFRS 1021 in preference to the Accountlng and Reporting by Charltles.. Slalemtsnl of Rècommended Practlce 156ued on 1 Aprll 2005 which 16 r&ferr•d to in Ihe extant regulation8 but has now been whhdrawn. l undersland Ihol this has been done in order for financial statemen18 to provlde a ITue and lolr vlew accordan wllh Genefalty Accepted Accountlng Pr8dlce effectlve for reporung pedods beginning on or after 1 January 2015. I h8ve completed my examinallon. I conflrm that no mAtt8rs hove me to rry ?tt•nllon In conn¥cllon wlth the examlnatlon givlng Tne ¢aus¢ to belleve thal In #ny material re8pect'. 8ccounllng records not kept In respect of tha charty a8 Tequlred by 8•Ctlon 130 of the 2011 Act,, or the finanelal statements do not accord with those records.. or the fjnancsBI statements do not comply wllh the appllcable requlr•mont9 concemlng the fomi and conlenl of Bc¢ounlÈ let OLrt in Ihe Charitles (Accounts and Report81 R&gulallons 2008 other Ihan any reqsjirement Ihal th• •ceountg glve a true and fair whl¢h 18 not a matter ¢on$ldernd as part of on Ind•pendent examlnallon. I have no conrAm8 and have come across no other matters In connection wllh the examinallon to whlch attentlon 8hould be In this r•port In order to tnobl• A proper understanding of the flnanclal Btoloménls to be reached. John Calad FCCA CTA FCIE Ch•rtered C•rtlfl•d A¢¢ountsnl C8ladlne Llmlled Chantry Housè 22 Upperton Road Ea8lbourn¢ Easl Sussex 8N21 1BF Dated.. .lJ. .).
NAUNTON LANE EVANGELICAL PRESBYTERIAN CHURCH (EPCEW) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AIARCH 2024 Vnr•strlcted Re8trlct•d fund• funds 2024 2024 Totsl Unre8trfct•d Re8trlct•d lund• lund8 2023 2023 Total 2024 2023 Not Incorn• from.. Donations and legade8 70,101 180 70,281 S4,649 1,606 56,255 Tot•1 Incom• 70,101 180 70.281 54,849 1,606 56.255 Exp•ndltur• on.. Charitsble actIVeS Oth6r expendilure 80.666 53,136 36,305 13,454 118,971 66,590 81,385 31.247 112,632 Tot•1 •xp•ndltur• 133,802 49,759 183,561 81.385 31.247 112,832 Net •xwndlturn •nd movem•nt In fund• {63,7011 149,5791 1113.280) 126,7361 129,6411 156.377) R•conclll•tlon of lund•: Fund balances at l Aprfl 2023 fj3,701 49,579 113,280 90,437 79,220 169,657 Fund b•l•nc•• at 31 M•r¢h 2024 83.701 49.579 113,280 The stalewnenl of fln8n¢lal actfvhles Include8 011 gAln• and1088e8 recognlB•d In the yeAT. All Incoma and expendttu derive from coniinulng actlvilles. Otr ¢xpandltiire TepresenlB tha transfer of funds to Naunton Lane Evangelical Preibyierian Church ICIOI reg18tered charlty nurnr 120H43 on 31 March 2024.
NAUNTON LANE EVANGELICAL PRESBYfERIAN CHURCH (EPCEW) STATEMENT OF FINANCIAL POSITION ASAT31 IIV4RCH 2024 Flxed a••ots Propthty, pi8nt 8nd wulpment 2.50D 5,324 Trad& and 0th8r reCebleS Cash At bank and kn hand 11 8,525 80,342 8.975 101,051 e8.867 171,36n 110.028 12.070} CubT•nt 11th15108 12 Not cwrnnt UlablllllMya•••ts 12,SODI 107,958 Totsl ••8•ts l••¥ curr•nt Ihblllll•• 113280 Th• fundi ofth• ¢h•rlty Re8tilct¢d In fvTrJ8 ilnr•8lrfcl•d fund• 14 16 49,679 63,701 113280 2C>- IZ- Zoz The )Inan¢l•l •tst8m•nts warn approved ty tho Twwteea on......................... Mr S AJohn8ton Tnrnt•• Rèv D R pfelffer Tru•ts•
NAUNTON LANE EVANGELICAL PRESBYTERIAN CHURCH (EPCEW) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollci•• Charlty Infomiatlon Naunton Lane Ev8ng81ical Presbyterian Churth IEPCEW) 1$ a Church in CheAenh8m govemed by Dedarats'on of Tru$l. 1.1 Accountlno conventlon The financial slalements h•ve been prepared in accordance vKth the charitVB Declaratlon of Trust, the Ch8rltle8 Act 2011 and 'Accounting and Reportlng by Charlues.. Statement of Recommended Practice appllcable to ch&riti&s preparing their accounts In accofdance wlth Ihe Fln&nd81 Reporung Standard applicoble In the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191. The charity is a Publl Benefrt Enthy as defined by FRS 102. The charity has taken ¥dvonlage ol the provi6lonB in Ihe SORP for th8reS applylng FRS 102 Update Bulletin 1 not to prepare a S181omenl of Cash FIow8. Th• flnanclal statements have departed ITom the Charittes lAc)unIS and Reports) Regulatlon8 2008 only lo Ihe extent reqvlT8d to provldè a true and falr vlew. Th16 departure has Involved lollowlng the Statèment of Recommended Practice for charftles applying FRS 102 rather than the verslon of the Statement of Recommendad Practlc• which18 refwred to In the Regul80$ but whlch has since b••n withdrawn. The flnanc581 statements are prepared In 8l¥rtlng, whlch Is the funclonal rrencY of ihe charfty. Monetary amounts In these finanrAal sl•temonts are rounded to the nearest £. The finandal stalem•nt8 hav& been preparod under thè hl8tork81 cost convention. 1.1 Golnll ¢onc•rn On 31Bt March 2024 all the asse18 and Ilabllllles of th& Trust W8fe transferred to Nounlon Lane EvangeliGDI Presbyterian Church ICIOI registered ch8rity nurnber 1204443. 1.3 Charlt•bl• lund• Unrestricted funds aro availabl8 for y8& 01 the dlscretS¢Jn of the Tru$te¢4 In furtherance of Ih•lr chantoble objectlve&. Restricted funds are 6ubject to sp#¢lfl¢ ¢ondrtlons by donors or gr8ntor5 as to how they may b¢ used. Th PUTpo8es and use8 ollho ro8trlcl8d funds are set out In the notas to th8 fln8ncAal statefflents. 1.4 Incom• Income i¥ reeognl¥•d when the charity IB leg81ty enllllod lo11 afteT any performance ¢ondltlons have been mèt, 1he amounts can be measured reliabty, and it 18 probable that Income will bo re1Vd. Cash donallons are r¢¢ognl8ed on receipt. Other don8llons are recognised onctr the ¢hgdty hgs been nO.fIed of the donatlon. unless performance condf¢ions reqtslie deferral of the arnount. Income tax recoverat40 In ielation to donauons received under Grft or deeds of covenant18 recognlséd at the tlme of the donallon. Legades are recognised on receipt or Othee If the charlty haB been notlfl¢d of an impending d18trIbution, the amount is known, and rlpl is èxpected. If the amount 1$ not known. the legacy i¥ Ireoted as contingent 888et.
NAUNTON LANE EVANGELICAL PRESBYTERIAN CHURCH (EPCEW) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcl85 Iconllnuedl 1.$ Exp•ndlture Liabilitles arè r•co9nised 88 800n aB there Is a legal OT constructfve obligation commiiting the Charity lo the expendlture. All expenditure 15 accounted for on an accNo1$ basis and has btstsn ¢1gssrhed under headlng8 that aggregate all costs related lo th¢ ¢ategory. Charitable expenditure mpseS those cost8 Sncurred by the Charmy In the dellvery of Its actlvftie8 afbd seceS foT beneficiailes. It Indudes both costs that can be auocated dlr¢¢tly of its acti¥rtlè$ ond those co81 of an Indirect nJlure nècessary to 8UPPOrt Ih•m. 1.6 Prop•rty. plant and oqulpment Property, fixtufes and equipmenl are Inlllally mea8urod at cost and 8ub8equ¢nlly mea8UTed at C08t or valuatlon, net of depredation and any Irnpairment loss•8. Oepredallon 1$ r8cognised BO • lo wrhe off the cost or valuatlon of 858el8 le8s th•lr resldu81 value5 over thelr u3eful live8 on the followlng b8816'. Churth Equlpment FixtureB and fittlng$ 20% Slralghl Llne and redurjng b•lance 20% Rèdudng Balanco The galn or loss ad8ing on the dlspos81 ol 888et lo determlned AS th• dlff8rence betw¢n the sale proceed8 nd the carylng value of the a8Bet. and Is racognlsed In th• statement of Ilnanclal actthtiel. 1.7 Impalmient of non4urr•nt ••••t• Al e8¢h reportlng end dale. the charlty revlewB tho rryIng amounts ol Ils tanglble 889•ls to detennlne whether there 16 any IndicaUon thal those assets have suffered an Impairment 1058. 118ny such Indlcallon exlg18, the recover8blo amount of the ass 19 eslmated In order lo delemlne the extent of the impalmenl 1056 (bf any). 1.8 C•sh and c••h equlval•nt• Cash and cash equivalents Indude cash In hand. daposlt8 held al call wllh banks, oth•r short-term Ilquld Investments wlth original maturitles of Ihree months or ie38, and b8nk overdroft8. Bank ovordrafts are shown within borrowlnq8 In current liabilrtle6. 1.9 Fln•ncl41 In8trnm•nt8 The charity has eleded to 8ppty the provlBlon8 of Sectlon 11 'Baslc Flnancaal In8trum&nls' and Sethon 12 'Other Flnandal Instruments Issues, of FRS 192 to all of rts fin8ndAI instrumerrts. Flnancl81 In$truments are recogni8•d In the charity's b818nce sheet when the charity become5 paty to the onlr8etual provisions of the instrument. Flnandal assets and li•bllitles are offset, wth the nel amounts presented In the ffinanrJal statements, wh8n there is a legally enforceable right lo set off the recognSsed amounts and there is an Intenllon to settle on a net basi8 or Io 911$0 th8 asset and 50tt1¥ th8 Ilabilrty 6imullaneousty. 8•sle Ilnanclal as¥ots Ba8lc fin8noAI assets, which indud¢ trade and other receivables and c85h and b8nk balances, are Inlyally measured at transacty'on pwice Including transactlon costs and a subsequenuy carried al amortised cost using the effeth've inler8st method unles5 tho ¥Thangemenl constitute5 a financing transaction, where the transaction is meaSUTed at the present value of the futvre rècelpts discounted at 8 market rate of Inleresl. Finana818ssèts cl8ssified a6 receivable wthin one year ar¢ not amortised.
NAUNTON LANE EVANGELICAL PRESBYTERIAN CHURCH (EPCEW) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 Accountlng poll¢ie• IContlnu•dl B•slc Iln8nGial Il•blllrio8 Basic financlal liabilitles, Indudlng trade and other payables and bank loan5 are inibaty recognlsed at transaclion price unless the arrangement constitutes a financing transaction, where the debt in3lrument 18 mea8ured at th8 present value of the tuture payments discounted 81 a market faie of inter8sI. Financial liabilrties d8$s1ffi8d as payable wilhln one yaar ale not amortised. Debt In$trLtmentS are sub8equonlty cathod at aMorsed COBI, uslng th• effectlve intertssl rate melhod. Trade pay8ble8 are obllggUon6 to pay for goods or 8trvlc•s that hav8 been In the ordinary Urs• of operations from suppliers. Afflounts payabl¢ are c18ssified as current llabllth.es if p8yrrent Is due vAthln one year or le88. If not, they are pre8ented as non-current 15abllllie5. Trade payabl88 are r8¢0gnlsed initlally at tr&n8actlon prfce and Bubs8quonty measured al arno.ed Coit uslng the effedve Inlere¥t method. D•rneognttlon of Ilnn¢l•l Ihbllltl•s FlnAnclal Ilabllltl88 Bre darocognl$8d when the chorlty'B contractual obllgation8 explr• Of are d18charged or canceled. 1.10 Employee bon•fll• Th¢ cosl of any unuBed hollday 8nWemenl Is recogniee¢J In the period in whlch the 8mployee'8 8er¥l¢•s ar received. Terrnlngllon benefits are Tecogn180d Immèdlately as an expense when the chaTty16 demonstrably commltted lo lernilnate the employmenl olan employee or to provido t•m)Ination benefrti. 1.11 R•tlrement b•n•flt¥J Paymenls to defined conlrfbuvon r•tlrem6nt bene)It 6cheme8 ara charged aB an •xponse 08 they fall due. CrltlG•l accountlng •stlmats and ludqem•nt• In the oppll¢allon of the charfty's aecountlng pollde5, the Trusle¢s or6 requlred to make ludgem8ntB. 88llmales and assumpllons 8boui th8 earrylng amount ol 888ets and liabllrtiej th81 not reodity apparent from other 50urce5. The e$llmates 8nd associated a3sumptlons are based on hi8lorS¢81 èxperl8nce and other lactors that are consldered to be relevant. Aclu31 re6ult& fflay dthr from IheBe *$llm8te8. The estlmates and underfylng a88urnpllons are revlewed on an ongolng basi8. Revi8ion$ to accounbng eatsmatès are r&cognised in th¢ perlod In which Ihe e8Yrnatè 18 revlsed where the revl8lon affects onty that period, OT In the perlod of Ihe i¢vl$lon end future perfods whare th8 revl8lcfi affects both current and future periods. Don•tlonB and1ogael•• Unre•irl¢tsd R••trlct•d lundB fund• Total Unrnstrlct•d Retytrfct•d fvnd• fund¥ Total 2024 2024 2024 2023 2023 2023 Donations 4nd gifts 70.101 180 70,281 54,649 1.6C 58,255
NAUNTON LANE EVANGELICAL PRESBYTERIAN CHURCH (EPCEW) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Exp•ndlture on ch•rltabie aetl¥blle• 2024 2023 Dlreet co•ts Staff ¢osls Depreciallon and lrnpalmienl Extemal preather HoswtBlity and ?venls Travel and 8ub8ldence Offico expen8e8 RepaiT3 8nd relurbi8hm•nt$ R¢sources 8ank ¢h8rg•s Gffts and grant• PublSdty 89.918 2.824 433 2,723 1,755 243 1,307 718 158 2,590 1.682 4.831 1,154 1.530 89,838 2,038 1,293 1,910 962 442 1.167 201 4.848 2,958 1,428 1.s04 Llcence6, sub6crWns and IT InBuranc• 111,844 110.101 Shar• of •upport and gov•m•nc• co•t• li•• not• 61 Govemanco S,327 2,531 116,971 112,832 An•ly•l• by fund Unresldcted funds Reslricled lund$ 80,886 38,305 81.365 31,247 116,971 112,832 10-
NAUNTON LANE EVANGELICAL PRESBYTERIAN CHURCH (EPCEW) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support eo•ts Support Governance CO8ts costs 2024 2023 A¢eountancy 8nd payroll Leg81 and profe$$iong1 Pension admini61raUon 2,548 2,893 86 2,412 2,693 86 119 5.327 5,327 2,531 Charftabl8 advbtle 5.327 5,327 2,531 Accountancy and payroll c08ts of £2,40412023.' £2,412) hove b8•n paSd to the Indep?ndent Examiner. Of th1¥, £96012023.. £9801 rel8t•d to the independent examinatson 8nd £1,44412023', £1,452) r¥18t8d lo accountancy ond p•yrall NIcal. TN•t••• None of the tw3lee$ w¢ro p81d Any remuneratlon or exp8n8•8 durlng the year12023.' £nlll. Employ• The average monlhty numb•r ol éryloy••8 durlng the year wu.. 2024 Numb•r 2023 Numb•r Pg$lorg1 Employm•rt ¢o•ts 2024 202J Wages and $alarSe8 Sodal security COBI8 other penslon $t1 82.030 3,809 4,079 81.071 4.347 4.420 89.918 89,838 Thèr8 weie no employeeg whose annuBI rèmunerallon was rnore than £60.000. 11
NAUNTON LANE EVANGELICAL PRESBYfERIAN CHURCH (EPCEW) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR EAIDED 31 MARCH 2024 EmployeM IContsnu•dl Rewnuner8tlon of key managem•nt pgrnonn•l The remuneration of key rnanagernent personn•l Ilncluding gros$ pay and employers pension contribution81 18 as lollows. 2024 2023 Aggrogat• cc4npen5alon 54,008 58,516 other •xp•ndltur• Unrn•trfct•d Reotrf¢tod fund• fund• 2024 2024 Total Unro•trf¢t•d R••trlcted fund• fund• 2023 2023 Totsl 2024 2023 Other expenditure 53,136 13,454 e8,5WJ Ott)er eXpendIbJ repre$enls the transfer of bal8n¢ei to Ngunton Lane Evangellcal Presbyterfan Church (CIO) regl8tered charfty number 1204443 on 31 March 2024. T*x4tlon Th• chorfty18 exempl from taxat1 on Its adlvllle5 becau89 All Income18 applied for chgrftable purpo8BJ. 10 Prop•rty, pl•nt •nd •qulpm•nt ChUfv Flnumi and Equlpmlfit Iltlbnql Co•t Al 1 Aprfl 2023 12,528 6,440 18,968 At 31 March 2024 12.526 8,440 1 B.966 D•preelatlon •nd Imp•lmi•nt Al 1 Aprtl 2023 Oepredathjn thargvd In the year 10,893 1.833 2.949 13,e42 2,824 At 31 March 2024 12,526 3,940 16,486 Carylng amount At 31 March 2024 2.500 2.500 At 31 MArth 2023 1,834 3,490 5,324 12-
NAUNTON LANE EVANGELICAL PRESBYTERIAN CHURCH (EPCEW) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 PAARCH 2024 11 Tr¥d• and oth•r r•celvablo¥ 2024 2023 Amounts falllnq due wlthln on• y•ar'. Other reCeable8 8,525 8.975 other receNable8 Indud88 ¥taff108n8 8rn0unting to £7,25012022.' £ nlll. 12 Current Ilabllltl•• 2024 2023 other 18xatlon and sorial Bety Other payable$ Accruals 8nd deferred In¢om• 2,737 66.590 2,040 370 1,7C*J 71,367 2.070 The sum of £88,590 repr¢88nis the Net Transfer ofA88ets lo Nèunton Lane Evangellcal Pmsbyt•rfan Church {CIOl reglil•i•d ¢hanty number 1204443. 13 R•tlr•ment b•n•llt •ch•m•• 2024 2023 D•llned contrlbutlon •eh•m•• Charge to proffit or1058 In re8pect of d•fln¢d ntbUtIOn scheme$ 4,079 4,420 The charlty tsp¢rates a defined contslbutlon p8nslon scherne lor all quallfylng ernoYe•s. The a6ts of th• 8theme are held separatety from Ihose of the charlty In an Independently admlnl$lored fund. 14 R••trlct•d fund• The restrlcted funds of the charlty cornprf8e the unexpended balancès ol donatlons an¢J gTant$ held on tru31 8ubjecl to 8p•dflc condrtlon5 by donN$ 9$ lo how they may be UB8d. At 1 Aprll 2023 IncomlnB resourc•s R••ource• At 31 Mareh Oxpended 2024 Logary Fund Deacon'G Fund 48,721 858 148,721) 11,0381 180 49,579 180 149,7591 13-
NAUNTON LANE EVANGELICAL PRESBYTERIAN CHURCH (EPCEW) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 R••trl¢tsd funds {Contlnu8dl Prevlou• year: At l Aprfl 2022 Incomlng Resources At 31 March re•ourc•$ expended 2023 Romania Legacy Fun(1 Deacon's Fund 550 15501 130,4991 11981 79,220 48.721 858 1,056 79,220 1.606 31.247 49,579 Romnli Fund the Church supports the work of tre Pre5bylerfan Chrfstlan ABsod8llon of M8ng8I0 Rom8nl8, a mlg$lon church in Romafiia whith run3 8 number of programme$ for d15advanlg08d local people. L•ga¢y Fund - thls fund 1$ to conlfibute tow•rds Ihe rAisI of Iralnln9 Pg¥tor8 and 9918ry COBts. O•acDn'• Fund - monl8s are $81 aÉkde from offarfngs eAch month. The Church DeBcons use th18 fund to 8UPPOrt IhÉ ch8rhable actlville3 of the Church. 15 Unr••trlct•d lund• The unrestslcled funds of Ihe charty ¢omprt8e the unexpended b818nce8 of donatlons and gTant$ whkh are not 3ubjecl lo spadfic condttlonB by donors and grantors as to how Ihey may be used. These Include de'gn8ted lunds which have bon iel 88ide out ol unrestricted fundB by Ihe tru8tee6 for spdflc purpoi•i. R••ourG•• At 31 March •xpend•d 2024 At 1 Apvll 2023 Incomlng r•*ourc•• General funds 63,701 70,101 1133,8021 Pr•vlou• year. At 1 Aprll 2022 Incomlnll ourco• R••ourc•• At 31 Moreh •xpend•d 2023 General funds 90,437 54,fj49 181,3851 63.701 16 Analy•l• of net •••ets betweèn fund• Unrnstrfctsd funds 2024 Rogtrlet•d fund• 2024 Totsl 2024 At 31 Mar¢h 2024: Property, pl?nt ynd equlpmenl Current assetsllliabililio$} 2,500 {2,5)1 {2,5LN)I 14-
NAUNTON LANE EVANGELICAL PRESBYTERIAN CHURCH (EPCEW) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16 Analy8h of ngt •ss•ts b•tween fund Icontlnuedl Unre¥trlct8d fun<ts 2023 Restrlcted lund• 2023 Tot1 2023 At 31 March 2023: Property. planl and equipment CuThenl 855etsllllablleS 5.324 58,377 5.324 107,958 49.579 63.701 49,579 113,280 17 R•l8ted p•rty trnnM¢tlon• There were no r•latsd party nI410n6 In the yeaf. 15-
Charfty regl8trJtlon number 12114443 NAUNTON LANE EVANGELICAL PRESBYTERIAN CHURCH CIO ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 22 AUGUST 2023 TO 31 MARCH 2024 Caladine Charlered Certified Accounlunls
NAUNTON LANE EVANGELICAL PRESBYTERIAN CHURCH CIO LEGAL AND ADMINISTRATIVE INFORMATION Tru•ts•• Mr S AJohnston Dr F Drllfhout Rèv D R Pfélffar Ch•rlty numbvr 1204443 Prln¢lp•l •ddrM• 23 Nounlon L8ne Leckhamplon Chellenham Glouce¥l*r Glouce8terJhlre GL63 78J Ind•p•nd•nt •xamln•r John Caladlne FCCA CTA FCIE C818dine Llmrted Chantry House 22 Upperton Road Easlboum• East Sussex BN21 1 BF
NAUNTON LANE EVANGELICAL PRESBYfERIAN CHURCH CIO CONTENTS Pall• Tru•68. report Indep•nd•nt examinef i rewl Ststsment offfnandal advlll stat•nwnt of flnandal P(tIon Noto• to the flnencl818tst•m•ntJ 8-11
NAUNTON LANE EVANGELICAL PRESBYfERIAN CHURCH CIO TRUSTEES, REPORT FOR THE PERIOD ENDED 31 MARCH 2024 Tho trustees present their annual report ond finanaal ststemenls for the period onded 31 March 2024. Th8 financial statements have been prepared in accord3nce with the accountlng poliae8 set out In note 1 to the ffinanaal s18lernents and wmply with the CIO charfty the Charlties Act 2011 and Accounllng and Reporting ty Charftles.. Stslgmtnt of Recommended Pr8cllc8 appllcable to chariti85 preparing their accounts In accordance wth the Financial Reporting Standard applicable in the UK and Republlc of Ireland IFRS 102)" 18ffecbve 1 Janu8ry 20191. Oblectlv•s and act5vltbo• The pu08• ofthe Churth are.. {11 Thts advancemenl of the Chrlsllan fallh in accrdanCe wlth th• Ba81s of Falth, prfmarity. but not excluslv¢ly. wthln Chelienham gnd the 8urroundlng nelghborhood.. and 121 such other chArftable purpose6 as shall. In th& oplnlon of the charlty Irustees. put Into practlce the Chd8Oan fatth In accordancè with the Basis of F8lth, Indudlng but not Ilmiled lo.. the preventing and r•lief of need, hBrdship 8nd ¥kkne$s', the advancement ol•ducatlon,' and the provi61on of fa¢llllles in the Inlertits ol sociol welfare for recreation OT ¢lh¢r lelsure time occupotlon ol Indlviduals wtho have need of 3uth faclllll¢s by reason ol their youth, age. Inflrmlty or dl8abUity. finonclal hgrdshlp or 80do1 droJm8tsnceB wfth el oblod of Improving Ih•lr ¢ondttlons ol Ilfe., provSded th81 the advancement of such purposes rnu81 be und¥rt8ken In a manner that Is con818tent ¥th t Doctrfjnjl Dl$llndve8 and Elhlcal Slal•mnl8 88 may be adopt•d 8nd amended by the Church from tlme lo MI. Publlc benefit The IrusteB$ hove pold due regard 10 9uldance Issued by Ihe Chgrlty Commi38lon In d¢dding what adIlIeS tha CIO charity should undertako. Achlev•m•nts •nd p•rfornian¢• Th8 Naunton Lane Evangelical Presbyteri8n Church ICIOI reglstered charfty number 1204443 Ithe Ch8rftyl was fomed on 22nd Augus12023 as 8 Choritable IncoTporgl¢d Organlsallon ICIOI. Th8 Charity had no 8Ctivlties unUI 31st March 2024 whèn the assets ol Naunton Lan8 Ev8ngellc81 Pre5b¢rIan Chvrch IEPCEW) registratlon number 1137484 wer• Iran#l•rr•d to the Charfty fr>lluwlng Ihe former charlty'$ c85s8tion and meiger Into the new CIO Charity. At th• same tlme Ihe Ireehold property of the church, 23 Ngunton Lane, CheM•nham GL53 7BJ. wag trnnsferred from the holding tNsl•es to the CIO 88 at 3181 MArch 2024. Flnancl•l revlew Thera wa6 a surplu8 on unrèstrlcted funds for tho perfod of £752.536 and a •urplu6 on re61rlcled funds of £13,454. UnreBtricted fvnds at the year end were £752,538 and restricted funda were £13,454. Rese85 policy It15 the policy of tha CIO charity that unreBtricted funds whlth havv not been deslgnated lor 8 speciflc use should be mainlalned at 8 level equivalent io béfvleen Ihree and six month's expenditure. The trustees consider that resee3 al this level will ensure that, in the event of a significant drop in funding. thw wlll be able to ntinUe the CIO harity's cuent activrtles while consideration is 9IV8n to Wgys In which addlllonal funds may be ryised. This level of reserves has been maintained throughout the period. Structure, governance and man¥ggrnent The trustees, rgport was approved by the Board of Trustee5.
NAUNTON LANE EVANGELICAL PRESBYTERIAN CHURCH CIO TRUSTEES. REPORT (CONTINUEDI FOR THE PERIOD ENDED 31 MARCH 2024 The tru¥te¢s vtho seNed durfng the p•rfod and up to the date of signature of Ihe fjnan¢•l ststements were.. MT S A Johnston Dr F Drfifhout Rev D R Pfelffar stst•m•nt of tru•t••¥' reponslblSltl•• The trustees are responslble for preparfng th8 Trn8tees' Report Rnd the flnandal statemnts In accordance wllh appllcable law and Unlled Klngdom A¢¢ounllng StsndaTd8 IUntt¢d Kingdom GenerBily ACpted Atsunng Practlcel. Th? 18w applicable to charlffie¥ In Englond and Wal95 r8qulres the trustees to pr8P8re Inanc181 statement8 for each n8nd81 year whlch gfve a tru8 and falr view of Ihv $1810 of affoiTS ol the CIO charity and of Ihe In¢omlng OUr¢8 and applicauon of wsourees of the CIO for that pertod. In prep•rlng th•8• finanLial Bl81omenl$, the tru8tees are Tequlr•d to.. select suliable accounllng pollcles and thon apply them cons18tenty: observe th? m•thod& and principles In th• CharttleB SORP- make ludgemen18 and e8llmal•s that are reaBonabl• and prudent; state whtrlhef 8ppIIcgble Accountlng $tsndard8 have been ftllow•d, subject lo any matsrljl departures dl8dos•d and trxplaSnad In the finandal sl8tem?nl8', and prepare the flnancl81 ilat8m•nl$ on the golng conurn baBIB unle¥8 It 1$ Inappropdate lo pr8Ume that ihe chadty wlll cntInUe In operallon. The Irusle¢s ore re8pon8ible for ke•plng Suffic1 8ccountlng record6 that dlsdoso with reaBonablè Accuracy at any Ilme th¢ flnanclal posltion of the CIO charlty and enable them lo ensure that the finoncial 8latemants compty th Ihe Charrtles Act 2011, the Charfty (Accounts 8nd Report8} Regulallon$ 2008 and the provl8ion8 of the tTUSt deed. They are also Tesponslble lor safeguardlng thè assets of Ihe CIO chartty and hence for laklng reasonable slepB for the pTevenb¢)n and d¢l8ctlon of fraud and othtsr Irregularftles. The trUStee&' report was approved by the Board of Trustee¥. Mr S A Johnston Trus 22 December 2024
NAUNTON LANE EVANGELICAL PRESBYfERIAN CHURCH CIO INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NAUNTON LANE EVANGELICAL PRESBYfERIAN CHURCH cio I report to the trustees on rny examlnallon of Ihe fjnanrjal s18tem¥nts of Naunton Lana Evangelical PreSbyt¢#n Chur¢h CIO Ithe CIO charity) forthe period ended 31 March 2024. R•8pon$lbllllles and of r•port As the trustees of the CIO charlty you ar8 responsible for the prep8ralion of the ffinandal 8t8tements in accordance with the requirements ol the ChariUe5 Act 2011 (the 2011 Acti. I report In respect of my tsxamlnation of the CIO charfty'i flnanclal staiements carried out under 8ectlon 14S of th8 2011 Act. In csrrying out my examination I have followed all the apF41c8blg Dlrectlons given by th8 Charity Commission under 6oCtion 14515llbl of Ihe 2011 A¢t. Ind8p8ndènt •xamlnerfs statem•nt Slnce the CIO ch811ty's gross Incorne 8xce¢dd £2S0,C0 your examlner mu•l be a member of • body 1181ed in section 145 of th8 2011 Acl. I confirm th8t l am quallfled to undertake the 8x8mlnaUon bec&u8• l am g member of theA810C1a0n of Chartered Certlfigd Ac¢ountants, which 14 one of tha listed bodies. Your attention 18 drawn to Ihe facl Ihal ihe charty has pr¢pared flnancial 6tal8mtnti In accordance with Accounting and Repo.ng by Chartti•s preparing Ihelr accounts In accordance wlth the Fln8ndal Reportlng Standard appllcabla In the UK and R8publlc ol Ireland IFRS 1021 In preferance to the Accounting and Reports'ng by Chadtses.. Statement of Recommendad Practice issued on 1 Aprll 2005 which IB referred to In the extonl regulallong but has now been wllhdiwn. l understand that Ihl$ has b8en done In order for fin8nc481 statements to Provlde A true and lalr vlew in accordance wllh Gen?raltyAcc•pted Accountlng Pracllc• •ffethe for reporting perfodl beglnnlng on or •fter l January 2015. I have Mpleted my examlnallon. I confirm Ihat no matters have come to my attenJon In connectlon vAth th• •Xomlnation glvkng me cau$8 to b•lleve that in any m8l¢rlal respect.. accountlng CordS wero not kfrpt In respect of the CIO charlty as requlred by 130 01 the 2011 Act., or the financlal 8t8tement8 do not acccrd th those record6', or the finoncial statements do not cornpty with the 8ppllcable requlTement6 concèmlng the form and ¢onl¢nt ol accounis 6et out in the Charftles (Accounts ond Reports) Regulations 2008 other than any requlrement that the accounts gfv# 4 true and falr vlew whlch 18 not o matter con61dered 8$ part of gn independent axamlnatlon. I h8v• no conc•m8 and have m 8crnss no other matterB in connedlon the examinatlon to whlch attention Should be dravm In this report In order to enable a proper under$tsndlng of the finand81 statements to be reached. John C4ladlne FCCA CTA FCIE Cal8dine Llmited Chantry House 22 Upperton Road Eastbourne East Sussex BN21 1 BF Daled.. 22 Dgc•mbaf 2024
NAUNTON LANE EVANGELICAL PRESBYTERIAN CHURCH CIO STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 31 MARCH 2024 Unr•gtrlctsd lun¢h 2024 R•strlcted fund* 2024 Totsl 2024 Nots• Income from: Donatlons and leg8rieB 753.136 13.451 768,590 Totsl Incomè 753.136 13,454 768.59) Exp•ndlturn on: Charttable aCtIval 600 eoo Totsl •xp•ndltur• 800 800 N•t Ineom• and mov•m•nt In tund• 752.538 13,454 765.9 R•conclllatlon of lund•.' Fund b818nces at 22Augu8t 2023 Fund hlancM •t 31 March 2024 752,536 13,454 765,990 The Atatemenl ol fln8ndal actIVe8 Includ&6 all galnB and IoB808 r8cognl8ed In tho perlod. Al Incorne and •XP8ndlture dertvo from contlnulng actlvllie5.
NAUNTON LANE EVANGELICAL PRESBYTERIAN CHURCH CIO STATEMENT OF FINANCIAL POSITION AS A T 31 AIARCH 2024 2024 Note• Flxvd •• Property, plant and equlpment 702.500 Current •¥••t• Trade and otheT recelvables Ca8h 81 bAnk and in hand io 9.026 57,472 86,498 13,0081 Curr•nt Ilabllltl•• 11 N•¢ curY•nt aM•ts 63,490 Totsl u••l• l•M curr•nt Ilabllltl 765,990 Th• lufid• of the CIO charlty Restrfctod Income fund8 Unr&8trlcied funth 12 13 13,454 752,536 765,990 The finandal 8t8tsm8nts were approv•d by the trustee8 on 22 D•cambeT 2024 Mr S A John8ton Tru•t R•v D R Pfelffer Thi•ts•
NAUNTON LANE EVANGELICAL PRESBYfERIAN CHURCH CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 Accountlng pollcles Charlty Infomiatlon Naunlon Lane Evangelical Pre6byterian Church ICIOI is a Church in Cheknh•m 9ovemed by a Constltullon dalod 5 2023. 1.1 R•portlng perfod The accounting period for this set of financlal $lat¢rnents Is 22 August 2023 to 31 Mah 2024. Th15 18 the first reportlng period of the CIO Charity and consèqu&ntly the accounung perlod 16 shorter than one year. A$ this Is the first year of the CIO Charfty th&r¢ are no corr(Jaralive amounts prèsènted with the 8ccounl8. 1.2 Aceountlng conventlon Th8 financlal staternen16 hava b?en prepared In accordance with the CIO charity8 constrtulon, the Charitie8 Act 2011, FRS 102 'The FlnBnc181 Reporting Standard appllcable In th• UK and Republic of Ir8land' I"FRS 102.) and the Charitl85 SORP 'Accounllng and Reportlng by Charfties.. Slatemenl of Recommended Practice 8pplicable lo chBrities prepgring thelr accounts In ac¢ordance wtth the Flngncl81 Reportlng Standard ppllcable In th& UK and Republlc of Ireland IFRS 1021" (effective 1 January 20191. The CIO chsrty a Publlc Benafit Enuty aB defined by FRS 102. Th8 CIO charity ha$ tsken advantage of the provlslons In the SORP for charlues not lo pffjp8r¢ a Stglemenl of Cash Flow8. The ffln8ndal 8tslemen15 have dep8rt•d from the Charftles IAccounl8 and Report8} Regulatlon8 2008 only to tho extent requlred lo provide a trué and falr view. Thi8 departure ha5 Involved lollowng the Slgtement of Recommended Pradlc¢ for charftles apptylng FRS 102 rather Ihan tha ver6ion of lh Statement of Recommended Pract1¢& whlch Is referred lo in the Regulation5 but Nthich ha5 since been wlhdrgwn. The flnandal 8latement8 are prepared In sterflng, vknlch Is the functlonal ¢uff•ncy of the CIO charlty. Monetary 8mounl$ in these financjal olalemenl$ ar• rounded to the nearest £. The finandal slalemenlj h8v? been prepared under the h1$lorf1 eo8t conventlon. The prfn¢lp•l •¢counlng pollde8 adopted are 6et out below. 1.3 Golng conc•m At the time of Bpproving the flnondal 8talernents, the trust¢¢$ have 8 reasonable expèctation that the CIO charity ha8 adequata resources to continue in oporéllonal exlstence for tho fornseeable future. Thu8 the tru¥tees ¢onllnu• to adopt the golng concem baJlJ of gccountlng In preparing the flnondal statements. 1.4 Charft•ble fund# Unreslricied funds are avall¥bl lor use 8t the discretlon of Ihe IruAtees In furtherance of Ihelr charttable oblectlve8. Re5tdcted funds are subject to specmc condMons by donors or grantor5 as to how they may be usod. The purposes and uses of the restricted funds are sel out in the note$ to Ihe financial 8tatemenls. Endowment funds are 8ublect to 8p•eJfic condltions by donors that the Capllal must be maintained ty the CIO ¢hartty. 1.5 Income Income 15 recognlsed when the CIO charity Is legalty entrtled to it after any perfomiance condth'ons hw¢ been met. the amounts can be mo85ured reliably, and it 15 probable thai InCrne will be recewed. Cash donations are recognised on receipt. Other donats'ons are tgnised once the CIO charfty has been notiffied of the donatson, unless performance conditions qUI deferral of the amount. Income tax recoverable in relation lo donation5 received under Gift or deeds of covenant is Tecognlsed at the lime of the donation.
NAUNTON LANE EVANGELICAL PRESBYTERIAN CHURCH CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2024 Accounllng pollcles IContinu•dl Legades are re¢ognised on receipt or otherwise if the CIO ch8Tty has been notrfi8d of 8n impendlng distribution, the amount 18 known, and Tecelpt is expe¢ted. If the amounl is not known, the189acy is treated as contingent as50t. 1.6 EMpendltur• Expendlture 1$ recognlsed once IheTe Is a legal or construcUv8 obligation lo Iransler economic beneffl lo • thlrd party, It16 probable that 8 transfer ol economic benefits wll be required settlement, and the 8mount of the oblig81ion can be rneB8Uted rellgbty. Expendrture 18 classlfied by activity. The co818 of each acllvity are made up of ihe total of dlrect Costs and 8haffjd costs, Sncludlng 8UPPOrt cost5 Involved Sn undertaking ¢8¢h activty. Direci Costs attributable to a slngle actlvity ore allocated directly to that activlty. Shared c08ts which contribute lo more than one activty and Support costs sthlch ore not attrlbutable to a 61ngle 8cUvlty are 8PPOrtioned b¢een those advrtie8 on a basis ¢onslsl8nt with the u$e of resources. Centr81 staff costs are allocalgd on the ba813 of Umè spent, and depreclatlon ¢h8rga8 ar• 811ocated on thtr portlon L)f the asset's US?. 1.7 Property. p5ant and vqulpment Propety, plant and equipment ore initlally measured •t CO8t and 8ub8equenUy measured at COBI or ¥oluat1c. net of deprecl8llDn and 8ny Impoimient105ses. Depredatlon Is Tecogn180d Èo As lo wrlte off the COBI or v¥luatlon of a880ts1888 thelr re8idual valu•$ 0r thelr useful lives on the followlng basls.. Fre8hold1ond and bulldlngg- Church Fixture¥ and fhtlng8 20% Redutyng 8alAnce No depreclatlon 1$ provlded on the churc* bulldlng a8 It Is conBlder•d Impos8lble to ¢al¢ul•t•. The 9aln OT Ios5 8Tlsing on the dlspo891 of an aBset Is determlned as the dfftrenc• between the sale Pro08 and the carrying value of th• a&set, and16 recogni¥g¢J In the 8tatemenl of flnanclal acilvltle8. 1.8 lrnp•lnM•nt of non<urrnnt ••••t• At each r¢portlng end date, the CIO Charity fevlews the carrying amounts ol ils t8nulble assets to determin• whether there Is any indication Ihal those asse18 have suffeied on irnpalrmenl lo$$. If any suth Indlc8lion exisls, the recoverable amount of the a8set Is e8tlmaled In order to deternlno the extent of Ihe Impairment 1088 IW anyl. 1.9 C••h and c••h equlvalents Cash and cash aqu+volents Indude ¢88h In h8nd, deposits hekl at call wilh b8nk¥, othoi Jhort-lemi liquld investments wth odginal maturitie5 of Ihree months or le55. and bank overdrafts. Bank overdrafts are shown withSn borrowlngs in CUWTenl li8billtl•#. 1.10 Flnanelal Instruments The CIO chanty has elected lo appty the provlsion6 of Seetion 11 'Ba61c Finanriyl Inslruments. and Serbon 12 'Other Flnancial Instruments l$sues' ol FRS 102 to ?1 of it5 fjnancial in5tfuments. Finandal instruments are recognised in the CIO charivs balance sheet vh)en the CIO ¢harfty becomes paty lo the contradual provisions of the in$lwment. Financial assets and liabilrties are offset, wlh the net amounts present8d In the ffinanci81 statements, when there 18 a le9alty enforceable right to set off th¢ recognised arnounts and there is an intentlon to settbe on 8 net basis or to r8alise the asset and setue the liobilty simultaneousty.
NAUNTON LANE EVANGELICAL PRESBYfERIAN CHURCH CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2024 Accountlng policie• ICo•)tlnuedl Basic lin•n¢lal ass•ts Baslc finanryal 8$sei$, whlch indude trade and other receivableB and ¢ash and bank bal8nc•s. are inll8lly measured Bt trsnsaction price including tran5ath.on c06t5 and are subsequenlty rarried 818mortised cost using the effective interest method unless the arrangement constitutes a financing tr•nsaction, where the transaction is measured at the present value ol the lulure recelpts discounted al a market rate of Inlefast. Flnanrlgl o$$el$ c18S8ffied as recglvabl8 within one year are not at)w)rtise(l. Sasle fln•ncl•l liabllltle¥ Bast flnanclal liabilrtie8, Induding trode and other payoblès and bgnk 108n& are Inltlally recognlsed at tr8nsactlon prfce unless the arrangement constitutes a financing tran5actlon, where the debt Inslrurnent 18 measufad at the pr05ent valu& of the future pByment8 dlscounted 418 markel rate of Interest. Flnandal liabilitles da88ified as payBbla wlthln one y8ar ala not amort15ed. Debt In8tNmenls Are Subsequently ¢8frf•d ot amortlsed cost, u$lng Iho offedve Inl•re$l rata method. Trade payables are obllg8llon8 to pay for good& or Bervlces that hove be•n ocqulred in Ihe ordlnary courBe of operatlons from suppliars. Amounls payable are dassified 88 current Ilabilities K payment l# du• vAthln one year or les3. If not, they are presented as non-current IlablllUeB. Tr8de payable8 ar¢ rècognlsed iniilally al Iran8adon and 8ub58quenlty moasured gt amortl3ed ctsst uslng the elfective interest method. D•r•eoBnhlon olfln•ncl•l Il•bllltl•s Fln8ndBI Ilablllll¢$ ore derecognlsed ¥th•n the CIO ch•rfty's contractual obllg8tlonv Qxplra or are dl8ch8ryad or cancelled. 1.11 Employ•• ben•fit• The cost of any unu8ed htsliday •nlWemenl18 recognlstd In the pertod In %thlch the employee'b Mrvkes are re¢elved. Termination ben$fft8 are recogni8ed Smm•dlatety as an expBn¥e vthen the CIO charlty 16 demonstrab commltted lo t8n&t8 the employmant of an employee or lo provlde teminalion b•néfit8. Crftlcal aeeountlng e•Jm•t•4 ind ludg•m•nts In the appllcatlon of CIO charlty's accounllng polld05, the trust$ 8fe requlred to make ludgemenlB, estimates and ¥5sumption8 about the Cgrylng amount ol 88se15 and liabllllle5 th81 arg not faadlty apparent from other sources. The e6tlmateB and assoclated a66umptlons Are baseil on his10ri¢01 experlence and oth•r 18dor8 that gre consldered to be Tel¢vanL Aciual resurt8 may dlffer from these e3llm•l•$. Th• estlmateB and undetlylng assumption6 ar¢ revlewed on an ongoing basis. ReslOn5 lo a¢¢ountlng estimates are recognlsed in the period in whl¢h the estimate IB revlÈ8d where the re810n affects onty thal period, or In the porlod of the revlsSon and future perfods where tha re$lon affect5 both current and fuluT• perirAI$. In¢om• from don•tlon• •nd legBcl•s Unre•trict•d funds 2024 Restricted lunds 2024 Total Unrestrlctsd fund• R•8trfcted funds 2024 Don8tiong gnd gifts 753,136 13.454 786,$90
NAUNTON LANE EVANGELICAL PRESBYTERIAN CHURCH CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 AIARCH 2024 Exp?ndlture on eharftable •ctiviti Ch•rltobl• activit1•* 2024 Dlrect co•ts sra ol support and oov•m•nc• co•ts (see not• 51 Govern8nc8 600 Analy•l• by fund Unre8tTlctad fund 600 Support eo•ts Mllo¢•t•d to 4¢Ovltl•• 2024 Govemance cost8 Charitable odlvrtles 800 Tru•t••• Non• ol Ihe tru8tee8 lor any perwns connected th them) rec•lv•d any remunar8llon or beneflts Irom the CIO tharty durfng tl)• perlod. Employe The werag• wnIhty number tsf ¢mployees durlng the perfod wa8: 2024 Numb•r Tot81 Th•r8 were no enyloyeg$ wh9$9 gnnual remuneratlon wa$ mor• than £80,000. Taxatlon The th8rty18 •xempt from taxatlon on Ks atIeS because all its Inm0 Is applied for ch£rtt4ble purposes.
NAUNTON LANE EVANGELICAL PRESBYTERIAN CHURCH CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2024 Property plnt and equlpment Fftr•hold lond Flxiuru •nd fftUngB Totsl Chureh CG•t AddlOn& 700.000 2.500 702,SfrJ Al 31 March 2024 700.000 2,SLM) 702,500 Carrylng amount 2024 Freahold 700,0(KI 10 Thd• and oth•r rnG•lv•bl•• 2024 Amounts f•lllng du• t*fthln on• y•ar.' othei receabl•S 9,0 11 Curr•nt Il&bllltl•• 2024 Othertsxatjon and sodBI secuilty Awuals and defeed Income 2.840 3.008 12 Re•trl¢t•d fund• The resthcted funds of tho ¢harity compdse the unexpended bal8nce8 of donthn8 ond grants held on tW8t subiecl to specific condf(lon$ by donors as to how they may be used. Al 22 August 2023 Incomlng At 31 M•rch re¥ources 2024 L•gAcy fund Deac¢Jn's tsnd 12,416 1,038 12,416 1,038 13,454 13.454 10
NAUNTON LANE EVANGELICAL PRESBYTERIAN CHURCH CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2024 13 Unre•trleted fund* The unrestricled fvnds of the charity MpriSe the unexpended balances of don8tion$ and grants which are not subject to 8pecific condillon8 by donors ond grantors as to how they may be used. Thèse Include designo18d fvnd8 whlch hav8 been set aside out of UllTe8trided lunds by the trustees for Speafic purpoi•8. At 22 Auguit 2023 Ineomlng f••oUe8 Re•ource• At 31 M•reh •xp•nd•d 21124 G8n¢rnl funds 7S3.136 {6001 752,536 14 An•ly•l• of n•t ••••ts b•tw••n fund• Llnr••trl¢l•d fund• 2024 Rmtrlcted nd• 2024 Toi•l 2024 At 31 M•rch 2024.. Propety, plant and equlpment Current o¥s?ts11118bllltieg 71r2,500 50.036 702.500 63,490 13,454 752,536 13,454 78S.990 IS R•l•tsd p•rty tr•nuetlon• There r9 no d18cIo8able related party tran6aLlSon8 durtng th• perlod. 11
Charfty regl8trJtlon number 12114443 NAUNTON LANE EVANGELICAL PRESBYTERIAN CHURCH CIO ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 22 AUGUST 2023 TO 31 MARCH 2024 Caladine Charlered Certified Accounlunls
NAUNTON LANE EVANGELICAL PRESBYTERIAN CHURCH CIO LEGAL AND ADMINISTRATIVE INFORMATION Tru•ts•• Mr S AJohnston Dr F Drllfhout Rèv D R Pfélffar Ch•rlty numbvr 1204443 Prln¢lp•l •ddrM• 23 Nounlon L8ne Leckhamplon Chellenham Glouce¥l*r Glouce8terJhlre GL63 78J Ind•p•nd•nt •xamln•r John Caladlne FCCA CTA FCIE C818dine Llmrted Chantry House 22 Upperton Road Easlboum• East Sussex BN21 1 BF
NAUNTON LANE EVANGELICAL PRESBYfERIAN CHURCH CIO CONTENTS Pall• Tru•68. report Indep•nd•nt examinef i rewl Ststsment offfnandal advlll stat•nwnt of flnandal P(tIon Noto• to the flnencl818tst•m•ntJ 8-11
NAUNTON LANE EVANGELICAL PRESBYfERIAN CHURCH CIO TRUSTEES, REPORT FOR THE PERIOD ENDED 31 MARCH 2024 Tho trustees present their annual report ond finanaal ststemenls for the period onded 31 March 2024. Th8 financial statements have been prepared in accord3nce with the accountlng poliae8 set out In note 1 to the ffinanaal s18lernents and wmply with the CIO charfty the Charlties Act 2011 and Accounllng and Reporting ty Charftles.. Stslgmtnt of Recommended Pr8cllc8 appllcable to chariti85 preparing their accounts In accordance wth the Financial Reporting Standard applicable in the UK and Republlc of Ireland IFRS 102)" 18ffecbve 1 Janu8ry 20191. Oblectlv•s and act5vltbo• The pu08• ofthe Churth are.. {11 Thts advancemenl of the Chrlsllan fallh in accrdanCe wlth th• Ba81s of Falth, prfmarity. but not excluslv¢ly. wthln Chelienham gnd the 8urroundlng nelghborhood.. and 121 such other chArftable purpose6 as shall. In th& oplnlon of the charlty Irustees. put Into practlce the Chd8Oan fatth In accordancè with the Basis of F8lth, Indudlng but not Ilmiled lo.. the preventing and r•lief of need, hBrdship 8nd ¥kkne$s', the advancement ol•ducatlon,' and the provi61on of fa¢llllles in the Inlertits ol sociol welfare for recreation OT ¢lh¢r lelsure time occupotlon ol Indlviduals wtho have need of 3uth faclllll¢s by reason ol their youth, age. Inflrmlty or dl8abUity. finonclal hgrdshlp or 80do1 droJm8tsnceB wfth el oblod of Improving Ih•lr ¢ondttlons ol Ilfe., provSded th81 the advancement of such purposes rnu81 be und¥rt8ken In a manner that Is con818tent ¥th t Doctrfjnjl Dl$llndve8 and Elhlcal Slal•mnl8 88 may be adopt•d 8nd amended by the Church from tlme lo MI. Publlc benefit The IrusteB$ hove pold due regard 10 9uldance Issued by Ihe Chgrlty Commi38lon In d¢dding what adIlIeS tha CIO charity should undertako. Achlev•m•nts •nd p•rfornian¢• Th8 Naunton Lane Evangelical Presbyteri8n Church ICIOI reglstered charfty number 1204443 Ithe Ch8rftyl was fomed on 22nd Augus12023 as 8 Choritable IncoTporgl¢d Organlsallon ICIOI. Th8 Charity had no 8Ctivlties unUI 31st March 2024 whèn the assets ol Naunton Lan8 Ev8ngellc81 Pre5b¢rIan Chvrch IEPCEW) registratlon number 1137484 wer• Iran#l•rr•d to the Charfty fr>lluwlng Ihe former charlty'$ c85s8tion and meiger Into the new CIO Charity. At th• same tlme Ihe Ireehold property of the church, 23 Ngunton Lane, CheM•nham GL53 7BJ. wag trnnsferred from the holding tNsl•es to the CIO 88 at 3181 MArch 2024. Flnancl•l revlew Thera wa6 a surplu8 on unrèstrlcted funds for tho perfod of £752.536 and a •urplu6 on re61rlcled funds of £13,454. UnreBtricted fvnds at the year end were £752,538 and restricted funda were £13,454. Rese85 policy It15 the policy of tha CIO charity that unreBtricted funds whlth havv not been deslgnated lor 8 speciflc use should be mainlalned at 8 level equivalent io béfvleen Ihree and six month's expenditure. The trustees consider that resee3 al this level will ensure that, in the event of a significant drop in funding. thw wlll be able to ntinUe the CIO harity's cuent activrtles while consideration is 9IV8n to Wgys In which addlllonal funds may be ryised. This level of reserves has been maintained throughout the period. Structure, governance and man¥ggrnent The trustees, rgport was approved by the Board of Trustee5.
NAUNTON LANE EVANGELICAL PRESBYTERIAN CHURCH CIO TRUSTEES. REPORT (CONTINUEDI FOR THE PERIOD ENDED 31 MARCH 2024 The tru¥te¢s vtho seNed durfng the p•rfod and up to the date of signature of Ihe fjnan¢•l ststements were.. MT S A Johnston Dr F Drfifhout Rev D R Pfelffar stst•m•nt of tru•t••¥' reponslblSltl•• The trustees are responslble for preparfng th8 Trn8tees' Report Rnd the flnandal statemnts In accordance wllh appllcable law and Unlled Klngdom A¢¢ounllng StsndaTd8 IUntt¢d Kingdom GenerBily ACpted Atsunng Practlcel. Th? 18w applicable to charlffie¥ In Englond and Wal95 r8qulres the trustees to pr8P8re Inanc181 statement8 for each n8nd81 year whlch gfve a tru8 and falr view of Ihv $1810 of affoiTS ol the CIO charity and of Ihe In¢omlng OUr¢8 and applicauon of wsourees of the CIO for that pertod. In prep•rlng th•8• finanLial Bl81omenl$, the tru8tees are Tequlr•d to.. select suliable accounllng pollcles and thon apply them cons18tenty: observe th? m•thod& and principles In th• CharttleB SORP- make ludgemen18 and e8llmal•s that are reaBonabl• and prudent; state whtrlhef 8ppIIcgble Accountlng $tsndard8 have been ftllow•d, subject lo any matsrljl departures dl8dos•d and trxplaSnad In the finandal sl8tem?nl8', and prepare the flnancl81 ilat8m•nl$ on the golng conurn baBIB unle¥8 It 1$ Inappropdate lo pr8Ume that ihe chadty wlll cntInUe In operallon. The Irusle¢s ore re8pon8ible for ke•plng Suffic1 8ccountlng record6 that dlsdoso with reaBonablè Accuracy at any Ilme th¢ flnanclal posltion of the CIO charlty and enable them lo ensure that the finoncial 8latemants compty th Ihe Charrtles Act 2011, the Charfty (Accounts 8nd Report8} Regulallon$ 2008 and the provl8ion8 of the tTUSt deed. They are also Tesponslble lor safeguardlng thè assets of Ihe CIO chartty and hence for laklng reasonable slepB for the pTevenb¢)n and d¢l8ctlon of fraud and othtsr Irregularftles. The trUStee&' report was approved by the Board of Trustee¥. Mr S A Johnston Trus 22 December 2024
NAUNTON LANE EVANGELICAL PRESBYfERIAN CHURCH CIO INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NAUNTON LANE EVANGELICAL PRESBYfERIAN CHURCH cio I report to the trustees on rny examlnallon of Ihe fjnanrjal s18tem¥nts of Naunton Lana Evangelical PreSbyt¢#n Chur¢h CIO Ithe CIO charity) forthe period ended 31 March 2024. R•8pon$lbllllles and of r•port As the trustees of the CIO charlty you ar8 responsible for the prep8ralion of the ffinandal 8t8tements in accordance with the requirements ol the ChariUe5 Act 2011 (the 2011 Acti. I report In respect of my tsxamlnation of the CIO charfty'i flnanclal staiements carried out under 8ectlon 14S of th8 2011 Act. In csrrying out my examination I have followed all the apF41c8blg Dlrectlons given by th8 Charity Commission under 6oCtion 14515llbl of Ihe 2011 A¢t. Ind8p8ndènt •xamlnerfs statem•nt Slnce the CIO ch811ty's gross Incorne 8xce¢dd £2S0,C0 your examlner mu•l be a member of • body 1181ed in section 145 of th8 2011 Acl. I confirm th8t l am quallfled to undertake the 8x8mlnaUon bec&u8• l am g member of theA810C1a0n of Chartered Certlfigd Ac¢ountants, which 14 one of tha listed bodies. Your attention 18 drawn to Ihe facl Ihal ihe charty has pr¢pared flnancial 6tal8mtnti In accordance with Accounting and Repo.ng by Chartti•s preparing Ihelr accounts In accordance wlth the Fln8ndal Reportlng Standard appllcabla In the UK and R8publlc ol Ireland IFRS 1021 In preferance to the Accounting and Reports'ng by Chadtses.. Statement of Recommendad Practice issued on 1 Aprll 2005 which IB referred to In the extonl regulallong but has now been wllhdiwn. l understand that Ihl$ has b8en done In order for fin8nc481 statements to Provlde A true and lalr vlew in accordance wllh Gen?raltyAcc•pted Accountlng Pracllc• •ffethe for reporting perfodl beglnnlng on or •fter l January 2015. I have Mpleted my examlnallon. I confirm Ihat no matters have come to my attenJon In connectlon vAth th• •Xomlnation glvkng me cau$8 to b•lleve that in any m8l¢rlal respect.. accountlng CordS wero not kfrpt In respect of the CIO charlty as requlred by 130 01 the 2011 Act., or the financlal 8t8tement8 do not acccrd th those record6', or the finoncial statements do not cornpty with the 8ppllcable requlTement6 concèmlng the form and ¢onl¢nt ol accounis 6et out in the Charftles (Accounts ond Reports) Regulations 2008 other than any requlrement that the accounts gfv# 4 true and falr vlew whlch 18 not o matter con61dered 8$ part of gn independent axamlnatlon. I h8v• no conc•m8 and have m 8crnss no other matterB in connedlon the examinatlon to whlch attention Should be dravm In this report In order to enable a proper under$tsndlng of the finand81 statements to be reached. John C4ladlne FCCA CTA FCIE Cal8dine Llmited Chantry House 22 Upperton Road Eastbourne East Sussex BN21 1 BF Daled.. 22 Dgc•mbaf 2024
NAUNTON LANE EVANGELICAL PRESBYTERIAN CHURCH CIO STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 31 MARCH 2024 Unr•gtrlctsd lun¢h 2024 R•strlcted fund* 2024 Totsl 2024 Nots• Income from: Donatlons and leg8rieB 753.136 13.451 768,590 Totsl Incomè 753.136 13,454 768.59) Exp•ndlturn on: Charttable aCtIval 600 eoo Totsl •xp•ndltur• 800 800 N•t Ineom• and mov•m•nt In tund• 752.538 13,454 765.9 R•conclllatlon of lund•.' Fund b818nces at 22Augu8t 2023 Fund hlancM •t 31 March 2024 752,536 13,454 765,990 The Atatemenl ol fln8ndal actIVe8 Includ&6 all galnB and IoB808 r8cognl8ed In tho perlod. Al Incorne and •XP8ndlture dertvo from contlnulng actlvllie5.
NAUNTON LANE EVANGELICAL PRESBYTERIAN CHURCH CIO STATEMENT OF FINANCIAL POSITION AS A T 31 AIARCH 2024 2024 Note• Flxvd •• Property, plant and equlpment 702.500 Current •¥••t• Trade and otheT recelvables Ca8h 81 bAnk and in hand io 9.026 57,472 86,498 13,0081 Curr•nt Ilabllltl•• 11 N•¢ curY•nt aM•ts 63,490 Totsl u••l• l•M curr•nt Ilabllltl 765,990 Th• lufid• of the CIO charlty Restrfctod Income fund8 Unr&8trlcied funth 12 13 13,454 752,536 765,990 The finandal 8t8tsm8nts were approv•d by the trustee8 on 22 D•cambeT 2024 Mr S A John8ton Tru•t R•v D R Pfelffer Thi•ts•
NAUNTON LANE EVANGELICAL PRESBYfERIAN CHURCH CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 Accountlng pollcles Charlty Infomiatlon Naunlon Lane Evangelical Pre6byterian Church ICIOI is a Church in Cheknh•m 9ovemed by a Constltullon dalod 5 2023. 1.1 R•portlng perfod The accounting period for this set of financlal $lat¢rnents Is 22 August 2023 to 31 Mah 2024. Th15 18 the first reportlng period of the CIO Charity and consèqu&ntly the accounung perlod 16 shorter than one year. A$ this Is the first year of the CIO Charfty th&r¢ are no corr(Jaralive amounts prèsènted with the 8ccounl8. 1.2 Aceountlng conventlon Th8 financlal staternen16 hava b?en prepared In accordance with the CIO charity8 constrtulon, the Charitie8 Act 2011, FRS 102 'The FlnBnc181 Reporting Standard appllcable In th• UK and Republic of Ir8land' I"FRS 102.) and the Charitl85 SORP 'Accounllng and Reportlng by Charfties.. Slatemenl of Recommended Practice 8pplicable lo chBrities prepgring thelr accounts In ac¢ordance wtth the Flngncl81 Reportlng Standard ppllcable In th& UK and Republlc of Ireland IFRS 1021" (effective 1 January 20191. The CIO chsrty a Publlc Benafit Enuty aB defined by FRS 102. Th8 CIO charity ha$ tsken advantage of the provlslons In the SORP for charlues not lo pffjp8r¢ a Stglemenl of Cash Flow8. The ffln8ndal 8tslemen15 have dep8rt•d from the Charftles IAccounl8 and Report8} Regulatlon8 2008 only to tho extent requlred lo provide a trué and falr view. Thi8 departure ha5 Involved lollowng the Slgtement of Recommended Pradlc¢ for charftles apptylng FRS 102 rather Ihan tha ver6ion of lh Statement of Recommended Pract1¢& whlch Is referred lo in the Regulation5 but Nthich ha5 since been wlhdrgwn. The flnandal 8latement8 are prepared In sterflng, vknlch Is the functlonal ¢uff•ncy of the CIO charlty. Monetary 8mounl$ in these financjal olalemenl$ ar• rounded to the nearest £. The finandal slalemenlj h8v? been prepared under the h1$lorf1 eo8t conventlon. The prfn¢lp•l •¢counlng pollde8 adopted are 6et out below. 1.3 Golng conc•m At the time of Bpproving the flnondal 8talernents, the trust¢¢$ have 8 reasonable expèctation that the CIO charity ha8 adequata resources to continue in oporéllonal exlstence for tho fornseeable future. Thu8 the tru¥tees ¢onllnu• to adopt the golng concem baJlJ of gccountlng In preparing the flnondal statements. 1.4 Charft•ble fund# Unreslricied funds are avall¥bl lor use 8t the discretlon of Ihe IruAtees In furtherance of Ihelr charttable oblectlve8. Re5tdcted funds are subject to specmc condMons by donors or grantor5 as to how they may be usod. The purposes and uses of the restricted funds are sel out in the note$ to Ihe financial 8tatemenls. Endowment funds are 8ublect to 8p•eJfic condltions by donors that the Capllal must be maintained ty the CIO ¢hartty. 1.5 Income Income 15 recognlsed when the CIO charity Is legalty entrtled to it after any perfomiance condth'ons hw¢ been met. the amounts can be mo85ured reliably, and it 15 probable thai InCrne will be recewed. Cash donations are recognised on receipt. Other donats'ons are tgnised once the CIO charfty has been notiffied of the donatson, unless performance conditions qUI deferral of the amount. Income tax recoverable in relation lo donation5 received under Gift or deeds of covenant is Tecognlsed at the lime of the donation.
NAUNTON LANE EVANGELICAL PRESBYTERIAN CHURCH CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2024 Accounllng pollcles IContinu•dl Legades are re¢ognised on receipt or otherwise if the CIO ch8Tty has been notrfi8d of 8n impendlng distribution, the amount 18 known, and Tecelpt is expe¢ted. If the amounl is not known, the189acy is treated as contingent as50t. 1.6 EMpendltur• Expendlture 1$ recognlsed once IheTe Is a legal or construcUv8 obligation lo Iransler economic beneffl lo • thlrd party, It16 probable that 8 transfer ol economic benefits wll be required settlement, and the 8mount of the oblig81ion can be rneB8Uted rellgbty. Expendrture 18 classlfied by activity. The co818 of each acllvity are made up of ihe total of dlrect Costs and 8haffjd costs, Sncludlng 8UPPOrt cost5 Involved Sn undertaking ¢8¢h activty. Direci Costs attributable to a slngle actlvity ore allocated directly to that activlty. Shared c08ts which contribute lo more than one activty and Support costs sthlch ore not attrlbutable to a 61ngle 8cUvlty are 8PPOrtioned b¢een those advrtie8 on a basis ¢onslsl8nt with the u$e of resources. Centr81 staff costs are allocalgd on the ba813 of Umè spent, and depreclatlon ¢h8rga8 ar• 811ocated on thtr portlon L)f the asset's US?. 1.7 Property. p5ant and vqulpment Propety, plant and equipment ore initlally measured •t CO8t and 8ub8equenUy measured at COBI or ¥oluat1c. net of deprecl8llDn and 8ny Impoimient105ses. Depredatlon Is Tecogn180d Èo As lo wrlte off the COBI or v¥luatlon of a880ts1888 thelr re8idual valu•$ 0r thelr useful lives on the followlng basls.. Fre8hold1ond and bulldlngg- Church Fixture¥ and fhtlng8 20% Redutyng 8alAnce No depreclatlon 1$ provlded on the churc* bulldlng a8 It Is conBlder•d Impos8lble to ¢al¢ul•t•. The 9aln OT Ios5 8Tlsing on the dlspo891 of an aBset Is determlned as the dfftrenc• between the sale Pro08 and the carrying value of th• a&set, and16 recogni¥g¢J In the 8tatemenl of flnanclal acilvltle8. 1.8 lrnp•lnM•nt of non<urrnnt ••••t• At each r¢portlng end date, the CIO Charity fevlews the carrying amounts ol ils t8nulble assets to determin• whether there Is any indication Ihal those asse18 have suffeied on irnpalrmenl lo$$. If any suth Indlc8lion exisls, the recoverable amount of the a8set Is e8tlmaled In order to deternlno the extent of Ihe Impairment 1088 IW anyl. 1.9 C••h and c••h equlvalents Cash and cash aqu+volents Indude ¢88h In h8nd, deposits hekl at call wilh b8nk¥, othoi Jhort-lemi liquld investments wth odginal maturitie5 of Ihree months or le55. and bank overdrafts. Bank overdrafts are shown withSn borrowlngs in CUWTenl li8billtl•#. 1.10 Flnanelal Instruments The CIO chanty has elected lo appty the provlsion6 of Seetion 11 'Ba61c Finanriyl Inslruments. and Serbon 12 'Other Flnancial Instruments l$sues' ol FRS 102 to ?1 of it5 fjnancial in5tfuments. Finandal instruments are recognised in the CIO charivs balance sheet vh)en the CIO ¢harfty becomes paty lo the contradual provisions of the in$lwment. Financial assets and liabilrties are offset, wlh the net amounts present8d In the ffinanci81 statements, when there 18 a le9alty enforceable right to set off th¢ recognised arnounts and there is an intentlon to settbe on 8 net basis or to r8alise the asset and setue the liobilty simultaneousty.
NAUNTON LANE EVANGELICAL PRESBYfERIAN CHURCH CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2024 Accountlng policie• ICo•)tlnuedl Basic lin•n¢lal ass•ts Baslc finanryal 8$sei$, whlch indude trade and other receivableB and ¢ash and bank bal8nc•s. are inll8lly measured Bt trsnsaction price including tran5ath.on c06t5 and are subsequenlty rarried 818mortised cost using the effective interest method unless the arrangement constitutes a financing tr•nsaction, where the transaction is measured at the present value ol the lulure recelpts discounted al a market rate of Inlefast. Flnanrlgl o$$el$ c18S8ffied as recglvabl8 within one year are not at)w)rtise(l. Sasle fln•ncl•l liabllltle¥ Bast flnanclal liabilrtie8, Induding trode and other payoblès and bgnk 108n& are Inltlally recognlsed at tr8nsactlon prfce unless the arrangement constitutes a financing tran5actlon, where the debt Inslrurnent 18 measufad at the pr05ent valu& of the future pByment8 dlscounted 418 markel rate of Interest. Flnandal liabilitles da88ified as payBbla wlthln one y8ar ala not amort15ed. Debt In8tNmenls Are Subsequently ¢8frf•d ot amortlsed cost, u$lng Iho offedve Inl•re$l rata method. Trade payables are obllg8llon8 to pay for good& or Bervlces that hove be•n ocqulred in Ihe ordlnary courBe of operatlons from suppliars. Amounls payable are dassified 88 current Ilabilities K payment l# du• vAthln one year or les3. If not, they are presented as non-current IlablllUeB. Tr8de payable8 ar¢ rècognlsed iniilally al Iran8adon and 8ub58quenlty moasured gt amortl3ed ctsst uslng the elfective interest method. D•r•eoBnhlon olfln•ncl•l Il•bllltl•s Fln8ndBI Ilablllll¢$ ore derecognlsed ¥th•n the CIO ch•rfty's contractual obllg8tlonv Qxplra or are dl8ch8ryad or cancelled. 1.11 Employ•• ben•fit• The cost of any unu8ed htsliday •nlWemenl18 recognlstd In the pertod In %thlch the employee'b Mrvkes are re¢elved. Termination ben$fft8 are recogni8ed Smm•dlatety as an expBn¥e vthen the CIO charlty 16 demonstrab commltted lo t8n&t8 the employmant of an employee or lo provlde teminalion b•néfit8. Crftlcal aeeountlng e•Jm•t•4 ind ludg•m•nts In the appllcatlon of CIO charlty's accounllng polld05, the trust$ 8fe requlred to make ludgemenlB, estimates and ¥5sumption8 about the Cgrylng amount ol 88se15 and liabllllle5 th81 arg not faadlty apparent from other sources. The e6tlmateB and assoclated a66umptlons Are baseil on his10ri¢01 experlence and oth•r 18dor8 that gre consldered to be Tel¢vanL Aciual resurt8 may dlffer from these e3llm•l•$. Th• estlmateB and undetlylng assumption6 ar¢ revlewed on an ongoing basis. ReslOn5 lo a¢¢ountlng estimates are recognlsed in the period in whl¢h the estimate IB revlÈ8d where the re810n affects onty thal period, or In the porlod of the revlsSon and future perfods where tha re$lon affect5 both current and fuluT• perirAI$. In¢om• from don•tlon• •nd legBcl•s Unre•trict•d funds 2024 Restricted lunds 2024 Total Unrestrlctsd fund• R•8trfcted funds 2024 Don8tiong gnd gifts 753,136 13.454 786,$90
NAUNTON LANE EVANGELICAL PRESBYTERIAN CHURCH CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 AIARCH 2024 Exp?ndlture on eharftable •ctiviti Ch•rltobl• activit1•* 2024 Dlrect co•ts sra ol support and oov•m•nc• co•ts (see not• 51 Govern8nc8 600 Analy•l• by fund Unre8tTlctad fund 600 Support eo•ts Mllo¢•t•d to 4¢Ovltl•• 2024 Govemance cost8 Charitable odlvrtles 800 Tru•t••• Non• ol Ihe tru8tee8 lor any perwns connected th them) rec•lv•d any remunar8llon or beneflts Irom the CIO tharty durfng tl)• perlod. Employe The werag• wnIhty number tsf ¢mployees durlng the perfod wa8: 2024 Numb•r Tot81 Th•r8 were no enyloyeg$ wh9$9 gnnual remuneratlon wa$ mor• than £80,000. Taxatlon The th8rty18 •xempt from taxatlon on Ks atIeS because all its Inm0 Is applied for ch£rtt4ble purposes.
NAUNTON LANE EVANGELICAL PRESBYTERIAN CHURCH CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2024 Property plnt and equlpment Fftr•hold lond Flxiuru •nd fftUngB Totsl Chureh CG•t AddlOn& 700.000 2.500 702,SfrJ Al 31 March 2024 700.000 2,SLM) 702,500 Carrylng amount 2024 Freahold 700,0(KI 10 Thd• and oth•r rnG•lv•bl•• 2024 Amounts f•lllng du• t*fthln on• y•ar.' othei receabl•S 9,0 11 Curr•nt Il&bllltl•• 2024 Othertsxatjon and sodBI secuilty Awuals and defeed Income 2.840 3.008 12 Re•trl¢t•d fund• The resthcted funds of tho ¢harity compdse the unexpended bal8nce8 of donthn8 ond grants held on tW8t subiecl to specific condf(lon$ by donors as to how they may be used. Al 22 August 2023 Incomlng At 31 M•rch re¥ources 2024 L•gAcy fund Deac¢Jn's tsnd 12,416 1,038 12,416 1,038 13,454 13.454 10
NAUNTON LANE EVANGELICAL PRESBYTERIAN CHURCH CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2024 13 Unre•trleted fund* The unrestricled fvnds of the charity MpriSe the unexpended balances of don8tion$ and grants which are not subject to 8pecific condillon8 by donors ond grantors as to how they may be used. Thèse Include designo18d fvnd8 whlch hav8 been set aside out of UllTe8trided lunds by the trustees for Speafic purpoi•8. At 22 Auguit 2023 Ineomlng f••oUe8 Re•ource• At 31 M•reh •xp•nd•d 21124 G8n¢rnl funds 7S3.136 {6001 752,536 14 An•ly•l• of n•t ••••ts b•tw••n fund• Llnr••trl¢l•d fund• 2024 Rmtrlcted nd• 2024 Toi•l 2024 At 31 M•rch 2024.. Propety, plant and equlpment Current o¥s?ts11118bllltieg 71r2,500 50.036 702.500 63,490 13,454 752,536 13,454 78S.990 IS R•l•tsd p•rty tr•nuetlon• There r9 no d18cIo8able related party tran6aLlSon8 durtng th• perlod. 11