Charity registration number: 1206726
Lea Road Community Church
Annual Report and Financial Statements for the Year Ended 31 December 2024
Lea Road Community Church
Contents (continued)
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 to 14 |
Lea Road Community Church
Reference and Administrative Details
Trustees Frances Samuels Barbara Prettie Rachel Malcom Susan Snuggs Secretary Barbara Prettie Charity Registration Number 1206726 Principal Office Lea Road Wolverhampton WV3 0LW Independent Examiner Daryl Denson VAST Hope Street Hanley Stoke-on-Trent ST1 5DD
Page 1
Lea Road Community Church
Trustees' Report
The trustees present the annual report together with the financial statements of the charity for the year ended 31 December 2024.
Objectives and activities
Objects and aims
As a local congregation of the United Reformed Church comprising 34 members and 21 adherents/regular attendees, Lea Road Community Church seeks to advance the Christian religion through its activities and the facilities offered to the community by its building.
Structure, governance and management
Nature of governing document
The activities of Lea Road United Reformed Church are overseen by the Elders’ Meeting of the Church in accordance with the provisions of The Structure of the United Reformed Church determined by the General Assembly of The United Reformed Church, and supplemented by the rules of Lea Road Church.
The Elders’ Meeting is responsible for the financial administration of the Church, and the care and maintenance of church premises.
The Church Meeting (of all members wishing to attend) gives general guidance on the life and work of the Church.
Recruitment and appointment of trustees
The members of the Elders Meeting are: the minister in pastoral charge (if any) and up to 12 members of Lea Road Church nominated and elected as Elders, and therefore also as Trustees, by the members of Lea Road Church in Church Meeting. Elders serve for 3 years, retire by rotation and are eligible for re-election. The Elders meeting currently consists of one minister in shared pastoral charge of the Wolverhampton & Smestow Brook pastorate (of which Lea Road Church is a part and the second minister post is currently vacant) and 4 elders with a Chair of Trustees chosen from among them.
Oct 21, 2025
The annual report was approved by the trustees of the charity on .................... and signed on its behalf by:
Rachel Malcolm
.........................................Rachel Malcolm (Oct 21, 2025 21:26:24 GMT+1) Rachel Malcom Trustee
Page 2
Lea Road Community Church
Independent Examiner's Report to the trustees of Lea Road Community Church
I report to the trustees on my examination of the accounts of Lea Road Community Church for the year ended 31 December 2024. The organisation is not a registered charity, however, I have carried out an independent examination based on the procedures required for a registered charity.
Responsibilities and basis of report
The organisation is an unincorporated association and, as such, is under no statutory obligation to prepare accounts in any particular format, nor is it obliged to have those accounts subject to any external scrutiny such as an audit or independent examination. However, the trustees/elders have determined that an independent examination would be appropriate.
I report in respect of my examination of the Lea Road Community Church's accounts carried out using section 145 of the 2011 Act as a basis and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
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 giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of Lea Road Community Church as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements concerning the form and 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.
...................................... Daryl Denson
VAST Hope Street Hanley Stoke-on-Trent ST1 5DD
Date:.............................Oct 22, 2025
Page 3
Lea Road Community Church
Statement of Financial Activities for the Year Ended 31 December 2024
| Note Income and Endowments from: Donations and legacies Charitable activities Other trading activities Investment income 5 Total income Expenditure on: Charitable activities Total expenditure Net income/(expenditure) Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 12 Note Income and Endowments from: Donations and legacies Charitable activities Other trading activities Investment income 5 Total income Expenditure on: Charitable activities Total expenditure Net income/(expenditure) Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 12 |
Unrestricted funds £ 93,151 22,809 19,186 1,153 136,299 (58,929) (58,929) 77,370 77,370 50,168 127,538 Unrestricted funds £ 21,671 28,424 18,768 434 69,297 (61,415) (61,415) 7,882 7,882 42,286 50,168 |
Restricted funds £ 50,488 1,519 - 419 52,426 (56,570) (56,570) (4,144) (4,144) 55,778 51,634 Restricted funds £ 65,342 4,183 - 373 69,898 (72,608) (72,608) (2,710) (2,710) 58,488 55,778 |
Total 2024 £ 143,639 24,328 19,186 1,572 |
|---|---|---|---|
| 188,725 | |||
| (115,499) | |||
| (115,499) | |||
| 73,226 | |||
| 73,226 105,946 |
|||
| 179,172 | |||
| Total 2023 £ 87,013 32,607 18,768 807 |
|||
| 139,195 | |||
| (134,023) | |||
| (134,023) | |||
| 5,172 | |||
| 5,172 100,774 |
|||
| 105,946 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2023 is shown in note 12.
The notes on pages 6 to 14 form an integral part of these financial statements. Page 4
Lea Road Community Church
(Registration number: 1206726) Balance Sheet as at 31 December 2024
| Note Current assets Debtors 9 Cash at bank and in hand 10 Creditors: Amounts falling due within one year 11 Net assets Funds of the charity: Restricted income funds Restricted funds 12 Unrestricted income funds Unrestricted funds Total funds 12 |
2024 £ 1,134 178,546 179,680 (508) 179,172 51,634 127,538 179,172 |
2023 £ 3,600 102,830 |
|---|---|---|
| 106,430 (484) |
||
| 105,946 | ||
| 55,778 50,168 |
||
| 105,946 |
The financial statements on pages 4 to 14 were approved by the trustees, and authorised for issue on Oct 21, 2025.................... and signed on their behalf by:
Rachel Malcolm
....................................Rachel Malcolm (Oct 21, 2025 21:26:24 GMT+1) ..... Rachel Malcom Trustee
The notes on pages 6 to 14 form an integral part of these financial statements. Page 5
Lea Road Community Church
Notes to the Financial Statements for the Year Ended 31 December 2024
1 Accounting policies
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
Grants receivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
Investment income
Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Page 6
Lea Road Community Church
Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
2 Income from donations and legacies
| Donations and legacies; Donations from community groups Gift aid reclaimed Grants, including capital grants; Grants from other charities |
Unrestricted funds General £ 87,757 5,394 - 93,151 |
Restricted funds £ 5,488 - 45,000 50,488 |
Total 2024 £ 93,245 5,394 45,000 |
|---|---|---|---|
| 143,639 |
Page 7
Lea Road Community Church
Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)
| Donations and legacies; Donations from community groups Gift aid reclaimed Grants, including capital grants; Grants from other charities 3 Income from other trading activities Fundraising 4 Income from charitable activities Lettings Church Contributions Sundry Income Food Project Donations Sales Income Pulpit & Organ Income Lettings Church Contributions Sundry Income Food Project Donations Sales Income Pulpit & Organ Income |
Unrestricted funds General £ 18,179 3,492 - 21,671 Unrestricted funds General £ 19,186 19,186 Unrestricted funds General £ 17,803 3,060 596 - 630 720 22,809 Unrestricted funds General £ 16,406 8,026 2,005 - 372 1,615 28,424 |
Restricted funds £ - - 65,342 65,342 Total funds £ 19,186 19,186 Restricted funds £ - - - 1,144 375 - 1,519 Restricted funds £ - - - 4,183 - - 4,183 |
Total 2023 £ 18,179 3,492 65,342 |
|---|---|---|---|
| 87,013 | |||
| Total 2023 £ 18,768 |
|||
| 18,768 | |||
| Total 2024 £ 17,803 3,060 596 1,144 1,005 720 |
|||
| 24,328 | |||
| Total 2023 £ 16,406 8,026 2,005 4,183 372 1,615 |
|||
| 32,607 |
Page 8
Lea Road Community Church
Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)
5 Investment income
| Interest receivable and similar income; Interest receivable on bank deposits Interest receivable and similar income; Interest receivable on bank deposits |
Unrestricted funds General £ 1,153 1,153 Unrestricted funds General £ 434 434 |
Restricted funds £ 419 419 Restricted funds £ 373 373 |
Total 2024 £ 1,572 |
|---|---|---|---|
| 1,572 | |||
| Total 2023 £ 807 |
|||
| 807 |
Page 9
Lea Road Community Church
Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)
6 Expenditure on charitable activities
| Internship accommodation Gas & Electricity Water Insurance Repairs & Maintenance Caretakers & Cleaners Wages Foodshare Project Costs Mission within the church Legal & Professional Fees Subscriptions Administration & Office Supplies Sundry Expenses Ministry and mission contribution to the URC’ Building Management Together In Penn Fields Internships Pulpit & Organ Supply Charitable Giving Pastorate Expense Workshop Expenses |
Activity undertaken directly £ 4,000 9,628 467 3,668 8,282 4,893 31,321 5,631 3,972 7,396 285 1,407 49 13,956 3,000 13,180 1,286 240 372 856 1,610 115,499 |
2024 £ 4,000 9,628 467 3,668 8,282 4,893 31,321 5,631 3,972 7,396 285 1,407 49 13,956 3,000 13,180 1,286 240 372 856 1,610 |
|---|---|---|
| 115,499 |
Page 10
Lea Road Community Church
Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)
| Gas & Electricity Water Insurance Repairs & Maintenance Caretakers & Cleaners Wages Foodshare Project Costs Room Hire Mission within the church Legal & Professional Fees Subscriptions Administration & Office Supplies Sundry Expenses Ministry and mission contribution to the URC’ Building Management Together In Penn Fields Internships Advertising Capital Projects Pulpit & Organ Supply Charitable Giving |
Activity undertaken directly £ 6,373 654 3,467 4,776 4,495 41,490 3,160 50 5,761 484 185 1,358 475 18,600 6,000 13,743 4,196 129 17,361 355 911 134,023 |
2023 £ 6,373 654 3,467 4,776 4,495 41,490 3,160 50 5,761 484 185 1,358 475 18,600 6,000 13,743 4,196 129 17,361 355 911 |
|---|---|---|
| 134,023 |
Page 11
Lea Road Community Church
Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)
7 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
8 Staff costs
The aggregate payroll costs were as follows:
| Staff costs during the year were: Wages and salaries No employee received emoluments of more than £60,000 during the year 9 Debtors Other debtors 10 Cash and cash equivalents Cash at bank 11 Creditors: amounts falling due within one year Accruals |
2024 £ 31,321 2024 £ 1,134 2024 £ 178,546 2024 £ 508 |
2023 £ 41,490 |
|---|---|---|
| 2023 £ 3,600 |
||
| 2023 £ 102,830 |
||
| 2023 £ 484 |
Page 12
Lea Road Community Church
Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)
12 Funds
| Unrestricted funds General General Fund Restricted funds Community Grants Roof Repairs Kitchen Project Foodshare Lottery Organ Fund Arnold Clark Total restricted funds Total funds Unrestricted funds Unrestricted funds General General Fund Restricted Community Grants Roof Repairs Kitchen Project Foodshare Lottery Organ Fund Arnold Clark Total restricted funds Total funds |
Balance at 1 January 2024 £ 50,168 3,231 2,404 996 11,043 36,003 1,101 1,000 55,778 105,946 Balance at 1 January 2023 £ 42,286 3,231 2,404 996 10,719 39,037 1,101 1,000 58,488 100,774 |
Incoming resources £ 136,300 - - - 4,970 47,456 - - 52,426 188,726 Incoming resources £ 69,297 - - - 3,484 66,414 - - 69,898 139,195 |
Resources expended £ (58,930) - - - (5,679) (50,891) - - (56,570) (115,500) Resources expended £ (61,415) - - - (3,160) (69,448) - - (72,608) (134,023) |
Balance at 31 December 2024 £ 127,538 3,231 2,404 996 10,334 32,568 1,101 1,000 |
|---|---|---|---|---|
| 51,634 | ||||
| 179,172 | ||||
| Balance at 31 December 2023 £ 50,168 3,231 2,404 996 11,043 36,003 1,101 1,000 |
||||
| 55,778 | ||||
| 105,946 |
Page 13
Lea Road Community Church
Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)
13 Analysis of net assets between funds
| 13 Analysis of net assets between funds | |||
|---|---|---|---|
| Current assets Current liabilities Total net assets Current assets Current liabilities Total net assets |
Unrestricted funds General £ 128,046 (508) 127,538 Unrestricted funds General £ 45,176 (484) 44,692 |
Restricted funds £ 51,634 - 51,634 Restricted funds £ 64,009 - 64,009 |
Total funds at 31 December 2024 £ 179,680 (508) |
| 179,172 | |||
| Total funds at 31 December 2023 £ 109,185 (484) |
|||
| 108,701 |
14 Related party transactions
There were no related party transactions in the year.
Page 14
2025-10-22
Lea Road Accounts
Final Audit Report
Created: 2025-10-21 By: VAST Accounts (accounts@vast.org.uk) Status: Signed Transaction ID: CBJCHBCAABAA1j2kJl_LIWukhAbKqKIgI7JwqJxGcnYw
"Lea Road Accounts" History
Document created by VAST Accounts (accounts@vast.org.uk)
2025-10-21 - 10:57:01 AM GMT- IP address: 195.62.193.126
Document emailed to lrlegs@hotmail.com for signature
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Email viewed by lrlegs@hotmail.com
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Signer lrlegs@hotmail.com entered name at signing as Rachel Malcolm
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Document e-signed by Rachel Malcolm (lrlegs@hotmail.com)
Signature Date: 2025-10-21 - 8:26:24 PM GMT - Time Source: server- IP address: 51.9.20.155
Document emailed to Daryl Denson (daryl.denson@vast.org.uk) for signature 2025-10-21 - 8:26:26 PM GMT
Email viewed by Daryl Denson (daryl.denson@vast.org.uk)
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Document e-signed by Daryl Denson (daryl.denson@vast.org.uk)
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Agreement completed.
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