## Spring Valley Church ## Report and Accounts Period 9th July 2024 to 31st March 2025 1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk ## **SPRING VALLEY CHURCH** ## **LEGAL & ADMINISTRATIVE DETAILS** ## **FOR THE PERIOD 9 JULY 2024 TO 31 MARCH 2025** ADDRESS FOR CORRESPONDENCE 49 High Town Road Luton LU2 0BW GOVERNING DOCUMENT CIO Constitution dated 21st May 2024 CHARITY REGISTRATION NUMBER 1209052 TRUSTEES RESPONSIBLE FOR Rev Thomas Samuel MANAGING THE CHARITY Simon Varghese Bijo Joseph Abraham INDEPENDENT EXAMINER Sarah Crispin ACA Stewardship 1 Lamb's Passage LONDON EC1Y 8AB ## **INDEX** Page 1 Legal & Administrative Details Pages 2-3 Trustees' Report Page 4 Independent Examiner's Report Page 5 Receipts and Payments Account Page 6 Statement of Assets & Liabilities Page 7 Notes to the Accounts Page 1 ## **SPRING VALLEY CHURCH** ## **REPORT OF THE TRUSTEES** ## **FOR THE PERIOD 9 JULY 2024 TO 31 MARCH 2025** The Trustees have pleasure in submitting the Report and Accounts for the period 9 July 2024 to 31 March 2025. ## **Objects of the charity** The charity, which is a church, is governed by a constitution and is constituted as a charitable incorporated organisation. The charity's principal objects, as set out in its governing document, are: a) to advance the Christian faith in the UK and elsewhere b) produce and distribute literature on Christiantiy to enlighten others ## **Summary of the charity's main activities and achievements** To further the above objects and vision, the charity's main activities and achievements were as follows: Every Friday of the year there is bible class carried out by Rev. Thomas Samuel which is open to all. Various topics and books of the bible are discussed and taught. In August 2024 Vacation Bible School was held from 22[nd] to 24[th] August 2024. This is a 3 day retreat for children with fun filled activities, workbooks and songs promoting the Christian Faith. The event was open to public. On 28th September 2024, one of our teenage children was baptized and added to the church family. In December 2024 we visited care homes and part of our outreach and Christmas greeting. During December we visited Colinson Care Home, Little Bramingham Farm and Caddington Grove. During our Christmas programme we held a service on 21[st] December 2024: An evening of carols and skits declaring the birth of Christ and also the lift of Jesus to the death and resurrection shared to all. The program was open to the public and everyone was invited. In April 2025 a family and life-based retreat was held on 18[th] and 19[th] April 2025, where daily life struggles and other issues were discussed and remedial practices and advice were shared to all who attended. Spring Valley Church provided 20 freshly cooked and frozen meals to Azalea Luton every month, to help support their work among sex trafficked victims. In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission. Page 2 ## **Financial review** During the period income was £69,637 (including £40,280 opening funds in), and expenditure was £22,077. At the end of the year cash held by the charity was £47,560 of which £46,669 is unrestricted and can be used for any charitable purpose. ## **Reserves policy** As the charity was recently registered in May 2024, the trustees do not yet have a reserves policy in place, however considering the period-end cash at bank and existing commitments, the trustees are satisfied that there are sufficient funds to meet any liabilities for at least the next 12 months.The trustees will discuss the implementation of a formal reserves policy over the coming year. ## **Governance** Responsibility for setting policy and for making operating decisions rest with the trustees who meet regularly to monitor the activities of the charity. New trustees are recruited and appointed by the existing trustees, by a majority vote. ## **Responsibilities of trustees** Charity law requires us as Trustees to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year. We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011. We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities. ## **Approval** This report was approved by the trustees and signed on their behalf by: Thomas Samuel Thomas Samuel (Jan 26, 2026 12:05:56 GMT) ~~_______________~~ ____________ Rev Thomas Samuel Jan 26, 2026 Date:_______________________ Page 3 ## **INDEPENDENT EXAMINER'S REPORT** ## **TO THE TRUSTEES OF** ## **SPRING VALLEY CHURCH** I report to the trustees on my examination of the accounts of Spring Valley Church ('the charity') for the period 9 July 2024 to 31 March 2025 on pages 5 to 7 following. ## **Responsibilities and basis of report** As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’). I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act 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 2011 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: 1. accounting records were not kept in accordance with section 130 of the 2011 Act; or 2. the accounts do not accord with the accounting records. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. ## Sarah Crispin Sarah Crispin (Jan 26, 2026 12:32:11 GMT) Sarah Crispin ACA Stewardship 1 Lamb's Passage LONDON EC1Y 8AB Date: Jan 26, 2026 Page 4 ## **SPRING VALLEY CHURCH** ## **RECEIPTS AND PAYMENTS ACCOUNT** ## **FOR THE PERIOD 9 JULY 2024 TO 31 MARCH 2025** |Notes
**_Income receipts_**
Donations
Receipts from Charitable activities
Bank Interest
Other income
**_Total receipts_**
**_Payments_**
2
3
**_Total payments_**
Transfers between funds
5
**Net movement in funds**
**Cash funds at this year end**
A
Net of receipts / (payments) before
Grants
paid
in
relation
to
charitable
activities undertaken by others
Payments
in
relation
to
charitable
activities undertaken directly||General
Designated
Funds
Funds
£
£
67,767
-
-
-
690
-
289
-
68,746
-
21,189
-
888
-
22,077
-
46,669
-
-
-
46,669
-
46,669
-
Unrestricted Funds|Restricted
Funds
£
671
220
-
-
890
-
-
-
890
-
890
890|2025
£| |---|---|---|---|---| |||General
Funds
£
67,767
-
690
289
68,746
21,189
888
22,077
46,669
-
46,669
46,669||| |||||68,438
220
690
289| |||||69,637| |||||21,189
888| |||||22,077| |||||47,560
-| |||||47,560| |||||47,560| The notes on page 7 form part of these accounts. Page 5 ## **SPRING VALLEY CHURCH** ## **STATEMENT OF ASSETS AND LIABILITIES** ## **AS AT THE YEAR ENDED 31 MARCH 2025** **----- Start of picture text -----**
Unrestricted Funds
General Designated Restricted
funds funds funds 2025
Notes £ £ £ £
A Cash funds
Cash at bank with immediate access 20,654 - 890 21,544
Notice deposits 26,015 - - 26,015
46,669 - 890 47,560
B Liabilities
Falling due within one year
Fee for Independent Examination 570 - - 570
570 - - 570
C Assets retained for charity's own use
Fund to
which asset
belongs
IT, Music and PA equipment General
**----- End of picture text -----**
Current values have not been quoted because reliable valuations are not available. ## **D Guarantees and secured debts** The charity has not given any guarantees and has not provided its assets as security for any liabilities. The accounts were approved by the trustees and signed on their behalf by: ## Thomas Samuel ___________________________________Rev Thomas Samuel Thomas Samuel (Jan 26, 2026 12:05:56 GMT) Date:_______________________ Jan 26, 2026 The notes on pages 7 form part of these accounts. Page 6 ## **SPRING VALLEY CHURCH** ## **NOTES TO THE ACCOUNTS** ## **FOR THE PERIOD 9 JULY 2024 TO 31 MARCH 2025** ## **1 Accounting policies** The accounts have been prepared on a receipts and payments basis and comprise a statement that shows the charity's receipts and payments, a statement that summarises the charity's assets and liabilities and related notes. The accountancy profession have determined that only accounts prepared in accordance with applicable accounting standards present a 'true and fair' view and, as these receipts and payments accounts have not (and cannot) be prepared in accordance with accounting standards, these accounts do not present (and are not intended to present) a 'true and fair' view of the charity's financial activities and state of affairs. General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects. |**2**
**Payments in relation to charitable activities undertaken directly**
Employment costs (see note 4)
Ministry expenses
Rent
Utilities
Repairs/Maintenance
Mission and other gifts
Travel/Conferences/Events
Admin/Support/Subscriptions
Other
**3**
**Grants paid in relation to charitable activities undertaken by others**
Grants for:
Other small grants to organisations||Unrestrict|Designated
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
ed Funds|Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-|2025
£| |---|---|---|---|---|---| |||General
funds
£
9,893
2,358
4,724
90
53
660
1,631
956
825
21,189
888
888|||| ||||||9,893
2,358
4,724
90
53
660
1,631
956
825| ||||||21,189| ||||||888| ||||||888| ## **4 Transactions with related parties** Rev Samuel Thomas served as church leader and was paid £4,800, plus £82 pension contributions, for serving in that capacity, not for serving as trustee; these payments are permitted by the charity's governing document. ## **Movement of funds** |General funds
Restricted funds
Church Building
Women's Group
Kids Club
Sunday School
Youth Outreach
Total funds|Opening
balance
£
-
-
-
-
-
-
-
-|Receipts
£
68,746
671
109
30
50
30
890
69,637|Payments
£
(22,077)
-
-
-
-
-
-
(22,077)|Transfers
£
-
-
-
-
-
-
-
-|Closing
balance
£
46,669
671
109
30
50
30| |---|---|---|---|---|---| ||||||890| ||||||47,560| The Church Building Fund hold donations towards the purchase of a new church building. Page 7