|
Page |
Page |
|
| Reference and Administrative Details |
1 |
to2 |
|
| Reportofthe Trustees |
3 |
to16 |
|
|
|
|
r |
| Reportofthe IndependentAuditors |
17 |
to20 |
|
| StatementofFinancial Activities |
|
21 |
|
| StatementofFinancial Position |
|
22 |
|
| StatementofCash Flows |
|
23 |
|
| Notestothe StatementofCash Flows |
|
24 |
|
| Notestothe Financial Statements |
25 |
to38 |
|
| Detailed StatementofFinancial Activities |
39 |
to41 |
|
| REGISTERED OFFICE |
3 Cheyne Walk |
|
Northampton |
|
NN15PT |
| REGISTERED COMPANY |
00917145 (England and Wales) |
| NUMBER |
|
| REGISTERED CHARITY |
250306 |
| NUMBER |
|
| AUDITORS |
Shaw Gibbs (Audit) Limited |
|
Chartered Certified Accountants |
|
Statutory Auditor |
|
Eagle House |
|
28Billing Road |
|
Northampton |
|
Northamptonshire |
|
NN15AJ |
| SOLICITORS |
Geoffrey Leaver |
|
251Upper Third Street |
|
Bouverie Square |
|
Central MiltonKeynes |
|
Bucks |
|
MK91DR |
| BANKERS |
NatWest Pie |
|
Commercial Banking |
|
RBSHouse, Grange Park Court |
|
Roman Way |
|
Northampton |
|
NN4 5EA |
|
Barclays BankPie |
|
Ashton House BusinessCentre |
|
497 Silbury Boulevard |
|
Milton Keynes |
|
MK9 2LD |
|
|
|
|
2024 |
2023 |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
funds |
funds |
funds |
funds |
|
Notes |
£ |
£ |
£ |
£ |
| INCOME AND ENDOWMENTS FROM |
|
|
|
|
|
| Donations and legacies |
2 |
10,369,479 |
|
10,369,479 |
9,878,010 |
| Charitable activities |
5 |
|
|
|
|
| Youth & Christian Education Dept |
|
92,842 |
|
92,842 |
77,163 |
| Women's Ministry Dept |
|
118,703 |
|
118,703 |
125,095 |
| Men's Ministry Dept |
|
26,319 |
|
26,319 |
13,319 |
| Theological Education & Training Dept |
|
29,564 |
|
29,564 |
26,432 |
| Conventions & Conferences |
|
555,717 |
|
555,717 |
456,930 |
| Other trading activities |
3 |
109,296 |
42,994 |
152,290 |
140,985 |
| Investment income |
4 |
1,104,220 |
|
1,104,220 |
984,745 |
| Other income |
|
38,261 |
|
38,261 |
170,127 |
| Total |
|
12,444,401 |
42,994 |
12,487,395 |
11,872,806 |
| EXPENDITURE ON |
|
|
|
|
|
| Raising funds |
6 |
20,454 |
|
20,454 |
37,033 |
| Charitable activities |
7 |
|
|
|
|
| Youth & Christian Education Dept |
|
313,167 |
|
313,167 |
322,263 |
| Women's Ministry Dept |
|
250,176 |
|
250,176 |
292,276 |
| Men's Ministry Dept |
|
38,549 |
|
38,549 |
27,047 |
| Theological Education & Training Dept |
|
115,949 |
|
115,949 |
111,832 |
| Conventions & Conferences |
|
1,093,136 |
|
1,093,136 |
938,690 |
| Provision of church services |
|
9,578,236 |
42,994 |
9,621,230 |
9,190,792 |
| Governance costs |
|
518,622 |
|
518,622 |
495,974 |
| Total |
|
11,928,289 |
42,994 |
11,971,283 |
11,415,907 |
| Net gainsoninvestments |
|
|
|
|
140,851 |
| NET INCOME |
|
516,112 |
|
516,112 |
597,750 |
| RECONCILIATION OF FUNDS |
|
|
|
|
|
| Total funds brought forward |
|
50,844,319 |
|
50,844,319 |
50,246,569 |
| TOTAL FUNDS CARRIED FORWARD |
|
51,360,431 |
|
51,360,431 |
50,844,319 |
|
|
|
|
2024 |
2023 |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
funds |
funds |
funds |
funds |
|
Notes |
£ |
£ |
£ |
£ |
| FIXEDASSETS |
|
|
|
|
|
| Tangible assets |
13 |
34,071,987 |
|
34,071,987 |
33,684,348 |
| Investment property |
14 |
13,554,999 |
|
13,554,999 |
13,554,999 |
|
|
47,626,986 |
|
47,626,986 |
47,239,347 |
| CURRENTASSETS |
|
|
|
|
|
| Debtors |
15 |
1,049,155 |
|
1,049,155 |
857,320 |
| Cash at bank |
|
11,628,377 |
|
11,628,377 |
12,378,041 |
|
|
12,677,532 |
|
12,677,532 |
13,235,361 |
| CREDITORS |
|
|
|
|
|
| Amounts falling due within one year |
16 |
(2,128,420) |
|
(2,128,420) |
(1,604,757) |
| NETCURRENTASSETS |
|
10,549,112 |
|
10,549,112 |
11,630,604 |
| TOTALASSETSLESSCURRENT |
|
|
|
|
|
| LIABILITIES |
|
58,176,098 |
|
58,176,098 |
58,869,951 |
| CREDITORS |
|
|
|
|
|
| Amounts falling due after more than one |
|
|
|
|
|
| year |
17 |
(6,815,667) |
|
(6,815,667) |
(8,025,632) |
| NETASSETS |
|
51,360,431 |
|
51,360,431 |
50,844,319 |
| FUNDS |
21 |
|
|
|
|
| Unrestricted funds |
|
|
|
51,360,431 |
50,844,319 |
| TOTALFUNDS |
|
|
|
51,360,431 |
50,844,319 |
|
|
2024 |
2023 |
|
Notes |
£ |
£ |
| Cash flows from operating activities |
|
|
|
| Cash generated from operations |
1 |
1,750,971 |
1,651 ,958 |
| Interest paid |
|
(691,282) |
(591,100) |
| Net cash provided by operating activities |
|
1,059,689 |
1,060,858 |
| Cash flows from investing activities |
|
|
|
| Purchaseoftangible fixed assets |
|
(1,197,398) |
(155,648) |
| Saleofinvestment property |
|
|
344,851 |
| Interest received |
|
108,406 |
105,389 |
| Net cash (used in)/provided by investing activities |
|
(1,088,992) |
294,592 |
| Cash flows from financing activities |
|
|
|
| New loans in year |
|
954,100 |
|
| Loan repayments in year |
|
(1,672,130) |
(542,236) |
| New Hire Purchase contract in year |
|
|
(3,757) |
| Net cash usedinfinancing activities |
|
(718,030) |
(545,993) |
| ChangeIncash and cash equivalents |
|
|
|
| Inthe reporting period |
|
(747,333) |
809,457 |
| Cash and cash equivalents at the |
|
|
|
| beginningofthe reporting period |
2 |
12,114,063 |
11,304,606 |
| Cash and cash equivalents at the end |
|
|
|
| ofthe reporting period |
2 |
11,366,730 |
12,114,063 |
|
ACTIVITIES |
|
|
|
|
2024 |
2023 |
|
|
£ |
£ |
|
Net Income for the reporting period (as per the Statementof |
|
|
|
Financial Activities) |
516,112 |
597,750 |
|
Adjustments for: |
|
|
|
Depreciation charges |
809,759 |
828,248 |
|
Losses on investments |
|
(140,851) |
|
Interest received |
(108,406) |
(105,389) |
|
Interest paid |
691,282 |
591,100 |
|
Increase in debtors |
(191,835) |
(47,597) |
|
lncrease/(decrease) in creditors |
34,059 |
(71,303) |
|
Net cash provided by operations |
1,750,971 |
1,651,958 |
| 2. |
ANALYSIS OF CASH AND CASH EQUIVALENTS |
|
|
|
|
2024 |
2023 |
|
|
£ |
£ |
|
Notice deposits (less than 3 months) |
11,628,377 |
12,378,041 |
|
Overdrafts included in bank loans and overdrafts falling due within one |
|
|
|
year |
(261,647) |
(263,978) |
|
Total cash and cash equivalents |
11,366,730 |
12,114,063 |
| ANALYSIS OF CHANGESINNET FUNDS |
|
|
|
|
At 1/1/24 |
Cash flow |
At 31/12/24 |
|
£ |
£ |
£ |
| Net cash |
|
|
|
| Cash at bank |
12,378,041 |
(749,664) |
11,628,377 |
| Bank overdraft |
(263,978) |
2,331 |
(261,647) |
|
12,114,063 |
(747,333) |
11,366,730 |
| Debt |
|
|
|
| Debts falling due within 1 year |
(1,244,129) |
(491,935) |
(1,736,064) |
| Debts falling due after 1 year |
(8,025,632) |
1,209,965 |
(6,815,667) |
|
(9,269,761) |
718,030 |
(8,551,731) |
| Total |
2,844,302 |
~29,303) |
2,814,999 |
| DONATIONS AND LEGACIES |
|
|
|
2024 |
2023 |
|
£ |
£ |
| Tithes and Offerings |
7,773,922 |
7,483,794 |
| Gift Aid reclaim |
1,513,640 |
1,466,685 |
| Grants, gifts and donations |
375,305 |
316,062 |
| Other Voluntary income |
706,612 |
611,469 |
|
10,369,479 |
9,878,010 |
| OTHER TRADING ACTIVITIES |
|
|
|
2024 |
2023 |
|
£ |
£ |
| Raising funds from members |
, 114,062 |
89,111 |
| Publication sales |
38,228 |
51,874 |
|
152,290 |
140,985 |
| 4. |
INVESTMENT INCOME |
|
|
|
|
2024 |
2023 |
|
|
£ |
£ |
|
Rental income |
995,814 |
879,356 |
|
Bank interest received |
108,406 |
105,389 |
|
|
1,104,220 |
984,745 |
|
|
2024 |
2023 |
|
Activity |
£ |
£ |
| Youth & Christian |
|
|
|
| Education |
Youth&Christian Education Dept |
92,842 |
77,163 |
| Women's Ministry Dept |
Women's Ministry Dept |
118,703 |
125,095 |
| Men's Ministry Dept |
Men's Ministry Dept |
26,319 |
13,319 |
| Theological Education & |
|
|
|
| Training |
Theological Education & Training Dept |
29,564 |
26,432 |
| Conventions & |
|
|
|
| Conferences |
Conventions & Conferences |
555,717 |
456,930 |
|
|
823,145 |
698,939 |
| Raising donations and legacies |
|
|
|
2024 |
2023 |
|
£ |
£ |
| Management charges |
|
1,605 |
| Publications & Commentaries |
20,454 |
35,428 |
|
20,454 |
37,033 |
| CHARITABLE ACTIVITIES COSTS |
|
|
|
|
|
Support |
|
|
Direct |
costs (see |
|
|
Costs |
note 8) |
Totals |
|
£ |
£ |
£ |
| Youth & Christian Education Dept |
221,827 |
91,340 |
313,167 |
| Women's Ministry Dept |
158,726 |
91,450 |
250,176 |
| Men's Ministry Dept |
33,513 |
5,036 |
38,549 |
| Theological Education & Training |
|
|
|
| Dept |
110,945 |
5,004 |
115,949 |
| Conventions & Conferences |
1,093,091 |
45 |
1,093,136 |
| Provisionofchurch services |
9,349,397 |
271,833 |
9,621,230 |
| Governance costs |
1,387 |
517,235 |
518,622 |
|
10,968,886 |
981,943 |
11,950,829 |
| SUPPORT COSTS |
|
|
|
|
|
|
Staff |
Premises , |
Office |
Governance |
|
|
Costs |
Costs |
Services |
costs |
Totals |
|
£ |
£ |
£ |
£ |
£ |
| Youth & Christian |
|
|
|
|
|
| Education Dept |
21,014 |
69,496 |
830 |
|
91,340 |
| Women's Ministry Dept |
21,016 |
69,604 |
830 |
|
91,450 |
| Men's Ministry Dept |
|
5,036 |
|
|
5,036 |
| Theological Education & |
|
|
|
|
|
| Training Dept |
|
5,004 |
|
|
5,004 |
| Conventions & |
|
|
|
|
|
| Conferences |
|
45 |
|
|
45 |
| Provisionofchurch |
|
|
|
|
|
| services |
50,990 |
217,885 |
2,958 |
|
271,833 |
| Governance costs |
|
|
|
517,235 |
517,235 |
|
93,020 |
367,070 |
4,618 |
517,235 |
981,943 |
|
2024 |
2023 |
|
£ |
£ |
| Auditors' remuneration |
26,500 |
25,000 |
| Depreciation - owned assets |
809,759 |
828,248 |
| Hireofplant and machinery |
131,670 |
138,808 |
| Trustee |
Stipend |
EmployersNI |
Pension Contributions |
| Bishop C Grandison |
111,185 |
14,088 |
8,400 |
| Bishop M Cummins |
33,969 |
3,432 |
1,019 |
| Bishop D A Webley |
82,789 |
10,170 |
24,066 |
| Bishop R S King |
48,187 |
5,395 |
1,800 |
| Bishop L Davis |
36,256 |
3,748 |
1,088 |
| Bishop J Jackson |
49,846 |
5,623 |
9,000 |
| Bishop J Haye |
42,950 |
4,672 |
1,289 |
| Bishop D Allen |
33,469 |
3,363 |
3,600 |
| STAFF COSTS |
|
|
|
2024 |
2023 |
|
£ |
£ |
| Wages and salaries |
2,936,906 |
2,900,244 |
| Social security costs |
262,463 |
263,765 |
| Other pension costs |
128,904 |
117,059 |
|
3,328,273 |
3,281,068 |
| The average monthly numberofemployees durin |
g the year was as follows: |
|
|
2024 |
2023 |
| Administration staff |
36 |
39 |
| Stipendiary ministers |
82 |
80 |
|
118 |
119 |
£60,000 was: |
|
|
|
2024 |
2023 |
| £60,001 - £70,000 |
|
1 |
| £70,001 - £80,000 |
1 |
2 |
| £80,001 - £90,000 |
1 |
|
| £90,001 - £100,000 |
1 |
1 |
| £100,001- £110,000 |
|
1 |
| £110,001 - £120,000 |
1 |
|
|
4 |
5 |
| Directors' remuneration was as follows: |
|
|
|
2024 |
2023 |
|
£ |
£ |
| Directors' emoluments |
488,913 |
1,957,012 |
| Directors' pension contributions |
50,492 |
78,824 |
|
539,405 |
2,046,628 |
| STAFF COSTS - continued |
|
|
|
£ |
£ |
| Emoluments |
111,185 |
108,867 |
| Pension contributions |
8,400 |
8,400 |
|
Unrestricted |
Restricted |
Total |
|
funds |
funds |
funds |
|
£ |
£ |
£ |
| INCOME AND ENDOWMENTS FROM |
|
|
|
| Donations and legacies |
9,878,010 |
|
9,878,010 |
| Charitable activities |
|
|
|
| Youth & Christian Education Dept |
77,163 |
|
77,163 |
| Women's Ministry Dept |
125,095 |
|
125,095 |
| Men's Ministry Dept |
13,319 |
|
13,319 |
| Theological Education & Training Dept |
26,432 |
|
26,432 |
| Conventions & Conferences |
456,930 |
|
456,930 |
| Other trading activities |
140,985 |
|
140,985 |
| Investment income |
984,745 |
|
984,745 |
| Other income |
170,127 |
|
170,127 |
| Total |
11,872,806 |
|
11,872,806 |
| EXPENDITURE ON |
|
|
|
| Raising funds |
37,033 |
|
37,033 |
| Charitable activities |
|
|
|
| Youth & Christian Education Dept |
322,263 |
|
322,263 |
| Women's Ministry Dept |
292,276 |
|
292,276 |
| Men's Ministry Dept |
27,047 |
|
27,047 |
| Theological Education & Training Dept |
111,832 |
|
111,832 |
| Conventions & Conferences |
938,690 |
|
938,690 |
| Provision of church services |
9,190,792 |
|
9,190,792 |
| Governance costs |
495,974 |
|
495,974 |
| Total |
11,415,907 |
|
11,415,907 |
| Net gainsoninvestments |
140,851 |
|
140,851 |
| 12. |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES• continued |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES• continued |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES• continued |
|
|
|
Unrestricted Restricted |
|
Total |
|
|
funds |
funds |
funds |
|
|
£ |
£ |
£ |
|
NET INCOME |
597,750 |
|
597,750 |
|
RECONCILIATION OF FUNDS |
|
|
|
|
Total funds brought forward |
50,246,569 |
|
50,246,569 |
|
TOTAL FUNDS CARRIED FORWARD |
50,844,319 |
|
50,844,319 |
|
|
|
Fixtures, |
|
|
|
Land and |
Church |
Fittings and |
Motor |
|
|
Buildings |
Furnishings |
Equipment |
vehicles |
Totals |
|
£ |
£ |
£ |
£ |
£ |
| COST |
|
|
|
|
|
| At 1 January 2024 |
43,338,078 |
189,460 |
1,494,840 |
576,443 |
45,598,821 |
| Additions |
1,092,870 |
10,884 |
93,644 |
|
1,197,398 |
| Disposals |
|
|
|
(25,181) |
(25,181) |
| At31December 2024 |
44,430,948 |
200,344 |
1,588,484 |
551,262 |
46,771,038 |
| DEPRECIATION |
|
|
|
|
|
| At 1 January 2024 |
10,333,399 |
144,080 |
885,073 |
551,921 |
11,914,473 |
| Charge for year |
638,559 |
11,253 |
140,682 |
19,265 |
809,759 |
| Eliminated on disposal |
|
|
|
(25,181) |
(25,181) |
| At31December 2024 |
10,971,958 |
155,333 |
1,025,755 |
546,005 |
12,699,051 |
| NET BOOK VALUE |
|
|
|
|
|
| At31December 2024 |
33,458,990 |
45,011 |
562,729 |
5,257 |
34,071,987 |
| At31December 2023 |
33,004,679 |
45,380 |
609,767 |
24,522 |
33,684,348 |
| Analysis of net book value of landandbuildings: |
Analysis of net book value of landandbuildings: |
|
2024 |
2023 |
|
|
|
£ |
£ |
| Freehold |
|
|
32,474,837 |
31,983,922 |
| Long leasehold |
|
|
984,153 |
1,020,757 |
|
|
|
33,458,990 |
33,004,679 |
|
|
Long |
|
Long |
|
Freehold |
Leasehold |
Freehold |
Leasehold |
|
2024 |
2024 |
2023 |
2023 |
|
£ |
£ |
£ |
£ |
| Stated at historical cost |
34,694,505 |
601,352 |
33,601,635 |
601,352 |
| Valuationmade1970 to 1980 |
2,408,430 |
702,529 |
2,408,430 |
702,529 |
| Valuation madein1999 |
5,532.703 |
491,429 |
5,532.703 |
491,429 |
|
42,635,638 |
1,795,310 |
41,542,768 |
1,795,310 |
| INVESTMENT PROPERTY |
|
|
£ |
| FAIR VALUE |
|
| At 1 January 2024 |
|
| and31December 2024 |
13,554,999 |
| NET BOOK VALUE |
|
| At31December 2024 |
13,554,999 |
| At31December 2023 |
13,554,999 |
| 15. |
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
|
2024 |
2023 |
|
|
£ |
£ |
|
Gift Aid due |
738,728 |
578,952 |
|
Other debtors |
264,742 |
257,497 |
|
Prepayments and accrued income |
45,685 |
20,871 |
|
|
1,049,155 |
857,320 |
| 16. |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
|
2024 |
2023 |
|
|
£ |
£ |
|
Bank loans and overdrafts (see note 18) |
1,997,711 |
1,508,107 |
|
Trade creditors |
|
1 |
|
Other creditors |
31,400 |
20,400 |
|
Accruals and deferred income |
99,309 |
76,249 |
|
|
2,128,420 |
1,604,757 |
|
placeinthe next financial year. |
|
|
|
|
£ |
|
|
Balance as at31December 2023 |
17,318 |
|
|
Amount released to incoming resources |
(17,318) |
|
|
Amount deferredinyear |
41,571 |
|
|
Balance as at31December 2024 |
41,571 |
|
| 17. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
|
|
|
|
2024 |
2023 |
|
|
£ |
£ |
|
Bank loans (see note 18) |
6,815,667 |
8,025,632 |
| 18. |
LOANS |
|
|
|
Ananalysisofthe maturity of loansisgiven below: |
|
|
|
|
2024 |
2023 |
|
|
£ |
£ |
|
Amounts falling due within one yearondemand: |
|
|
|
Bank overdrafts |
261,647 |
263,978 |
|
Bank loans |
1,736,064 |
1,244,129 |
|
|
1,997,711 |
1,508,107 |
|
Amounts falling due between two and five years: |
|
|
|
Bank loans - 2-5 years |
3,221,360 |
2,194,225 |
| LOANS • continued |
|
|
|
2024 |
2023 |
|
£ |
£ |
| Amounts falling dueinmore than five years: |
|
|
| Repayable by instalments: |
|
|
| Bank loans more 5 yr by instal |
3,594,307 |
5,831,407 |
|
2024 |
2023 |
|
£ |
£ |
| Within one year |
16,215 |
16,215 |
| Between one and five years |
67,164 |
66,242 |
| Inmore than five years |
4,608,974 |
4,626,111 |
|
4,692,353 |
4,708,568 |
| 2024 |
2023 |
| £ |
£ |
| 8,551,731 |
9,269,761 |
| MOVEMENTINFUNDS |
|
|
|
|
|
Net |
|
|
|
movement |
At |
|
At 1/1/24 |
in funds |
31/12/24 |
|
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
| General fund |
38,674,243 |
516,112 |
39,190,355 |
| National Facility Fund |
514,399 |
|
514,399 |
| Revaluation Reserve |
11,655,677 |
|
11,655,677 |
|
50,8441319 |
516,112 |
51,360!431 |
| TOTAL FUNDS |
50,844,319 |
5161112 |
511360,431 |
|
Incoming |
Resources |
Movement |
|
resources |
expended |
in funds |
|
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
| General fund |
12,444,401 |
(11,928,289) |
516,112 |
| Restricted funds |
|
|
|
| Edmonton Renovations |
42,994 |
(42,994) |
|
| TOTAL FUNDS |
12,487,395 |
{11,971,283} |
516,112 |
| Comparatives for movementInfunds |
|
|
|
|
|
Net |
|
|
|
movement |
At |
|
At 1/1/23 |
in funds |
31/12/23 |
|
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
| General fund |
37,952,845 |
721,398 |
38,674,243 |
| National Facility Fund |
514,399 |
|
514,399 |
| Revaluation Reserve |
11,779,325 |
(123,648) |
11,655,677 |
|
50,246,569 |
597!750 |
50!844!319 |
| TOTAL FUNDS |
50,246,569 |
597,750 |
50,844,319 |
|
Incoming |
Resources |
Gains and |
Movement |
|
resources |
expended |
losses |
infunds |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| General fund |
11,872,806 |
(11,415,907) |
264,499 |
721,398 |
| Revaluation Reserve |
|
|
(123,648) |
(123,648) |
|
11,872,806 |
(11,415,907) |
140,851 |
597,750 |
| TOTAL FUNDS |
11,872,806 |
{11,415,907) |
140,851 |
597,750 |
|
2024 |
2023 |
|
£ |
£ |
| Within one year |
60,954 |
95,100 |
| Between on and five years |
82,000 |
139,950 |
| Inmore than five years |
|
|
|
142,954 |
235,050 |
|
2024 |
2023 |
|
£ |
£ |
| INCOME AND ENDOWMENTS |
|
|
| Donations and legacles |
|
|
| Tithes and Offerings |
7,773,922 |
7,483,794 |
| Gift Aid reclaim |
1,513,640 |
1,466,685 |
| Grants, gifts and donations |
375,305 |
316,062 |
| Other Voluntary income |
706,612 |
611,469 |
|
10,369,479 |
9,878,010 |
| Other trading activities |
|
|
| Raising funds from members |
114,062 |
89,111 |
| Publication sales |
38,228 |
51,874 |
|
152,290 |
140,985 |
| Investment Income |
|
|
| Rental income |
995,814 |
879,356 |
| Bank interest received |
108,406 |
105,389 |
|
1,104,220 |
984,745 |
| Charitable activities |
|
|
| Youth & Christian Education |
92,842 |
77,163 |
| Women's Ministry Dept |
118,703 |
125,095 |
| Men's Ministry Dept |
26,319 |
13,319 |
| Theological Education & Training |
29,564 |
26,432 |
| Conventions & Conferences |
555,717 |
456,930 |
|
823,145 |
698,939 |
| Other income |
|
|
| Insurance proceeds |
38,261 |
170,127 |
| Total Incoming resources |
12,487,395 |
11,872,806 |
| EXPENDITURE |
|
|
| Raising donations and legacies |
|
|
| Management charges |
|
1,605 |
| Publications & Commentaries |
20,454 |
35,428 |
|
20,454 |
37,033 |
| Charitable activities |
|
|
| Wages |
2,463,612 |
2,439,867 |
| Carried forward |
2,463,612 |
2,439,867 |
|
2024 |
2023 |
|
£ |
£ |
| Charitable activities |
|
|
| Brought forward |
2,463,612 |
2,439,867 |
| Social security |
208,603 |
211,043 |
| Pensions |
107,741 |
92,364 |
| Hireofplant and machinery |
80,143 |
80,415 |
| Rent, rates and water |
798,510 |
727,073 |
| Insurance |
270,996 |
259,370 |
| Telephone |
131,291 |
125,629 |
| Postage and stationery |
77,572 |
106,201 |
| Advertising |
91,224 |
46,391 |
| Sundries |
426,484 |
411,954 |
| Travelling |
314,747 |
229,258 |
| Staff Welfare & Training |
162,817 |
119,789 |
| Legal & Professional |
33,991 |
30,049 |
| Repairs & Maintenance |
1,506,819 |
1,455,512 |
| Motor Expenses |
87,449 |
91,205 |
| Rent |
225,367 |
237,886 |
| Admin Work |
93,559 |
77,321 |
| Computer Expenses |
41,370 |
58,991 |
| Gifts |
664,730 |
729,474 |
| Religious Activities |
301,722 |
273,798 |
| Department Expenditure |
184,064 |
188,280 |
| Event Costs |
1,195,034 |
905,436 |
| Depreciationoftangible fixed assets |
809,759 |
828,248 |
| Bank loan interest |
691,282 |
591,100 |
|
10,968,886 |
10,316,654 |
| Support costs |
|
|
| Staff Costs |
|
|
| Wages |
85,371 |
92,760 |
| Social security |
7,649 |
8,904 |
|
93,020 |
101,664 |
| Premises Costs |
|
|
| Hireofplant and machinery |
51,527 |
58,393 |
| Rates and water |
29,391 |
20,188 |
| Insurance |
41,808 |
24,246 |
| Light and heat |
22,978 |
39,614 |
| Bank charges |
84,983 |
76,739 |
| Repairs & Maintenance |
66,952 |
175,688 |
| Computer Expenses |
69,431 |
42,787 |
|
367,070 |
437,655 |
| Office Services |
|
|
| Telephone |
|
10,521 |
| Carried forward |
|
10,521 |
|
2024 |
2023 |
|
£ |
£ |
| Office Services |
|
|
| Brought forward |
|
10,521 |
| Postage and stationery |
4,618 |
16,894 |
|
4,618 |
27,415 |
| Governance costs |
|
|
| Wages |
387,923 |
367,617 |
| Social security |
46,211 |
43,818 |
| Pensions |
21,163 |
24,695 |
| Auditors' remuneration |
26,500 |
25,000 |
| Accountancy and legal fees |
10,950 |
|
| Travel |
24,488 |
34,356 |
|
517,235 |
495,486 |
| Total resources expended |
11,971 ,283 |
11,415,907 |
| Net income before gains and losses |
516,112 |
456,899 |
| Realised recognised gains and losses |
|
|
| Realised gains/(losses) on fixed asset |
|
|
| investments |
|
(15,149) |
| Unrealised gains/losses on investment |
|
|
| property |
|
156,000 |
| Net income |
516,112 |
597,750 |
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