Charlty reglstratlon numbfrr 264570 CHORLEY COMMUNITY CHURCH (NORTH EAST LONDON GOSPEL MISSION) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 CHORLEY COMMUNITY CHURCH (NORTH EAST LONDON GOSPEL MISSION) LEGAL AND ADMINISTRATIVE INFORMATION Trustee$ Mr Joe Rodriguez Ms Duriye 8ald&s Mr Roger Penny Mr Pater Dublin Chadty numb•r 264570 Principal #ddrass 9 l￿$ to these countries. Most of the charlty'$ activitie5 are undertaken by volunteers and the charity could not operate effectlvely wthout Ihelr efforts. In pf8nning the activities the Trustees hav6 applled the guidance on publlc bènefit Lssued by the Charfty Commlsslon. CHORLEY COMMUNITY CHURCH (NORTH EAST LONDON GOSPEL MISSION) TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Financial revl•w During the year income dacreased by £42.846 to £76.072 and expenditure d6creas￿ by £23.343 to £71.589. As a result the cash held by the charity increased by £5,032 to £72.027 ofwhith £36,438 Is unrestrictèd and Can be used for any charitable purpose. Rgs¢ryfr5 pollcy It is thè policy of the Charity that unrestrfetgd funds which hava not been designated for a specific use should be maintalnad at a level equivalent to b8ttYèèn three and six month's èxp8ndilure. The Trust•è$ ¢onsider that rasèrv88 at this lèvol will ensure that, in the 8v8nt of a signiffcant drop In fundin9, Ih8y will be abl& to continue th8 Ch8Aty's current activities while consideratlon Is given to ways in which additional funds may be r8i$ed. This level of rtseryes has been maintained throughout the year. statem•nt of TrnSts￿ responsibllltlos Tha Trustees are responsibl8 for preparirig the Trust￿$ Report and the financl81 ststements in accordance with appli¢able law and Unltèd KTrngdom Accounting Stan¢Jards (United KiNJdom Generalty Acc6Ptèd Accounting Piacticel. The law applleable lo charities in England and Wales requires tha Tru$lees to prepare financial statsments for oaeh financial year which give a true and fair vlaw of the 8tste of affalis of the Charity and of the In¢oming resources and application of resources of the Charfty for that year. In preparing these finandal stslemttnts. the Trustees arè required to= - select suitable accounUng pollcies and then apply them consistentty., - observe the method$ and prlnciples in the Charitlès SORP- - makg judgoments and estimates Ihal a￿ re830nable and prudent., stste whether applicable accounting standards have b¢on foltowed, subject to any material d&parturtrs disclosed and explained in the finanei81 ¥tatements,' and - prepare th9 financlal statsments on the golng con¢em basis untoss k Is Inappropriate to presume that the Chgdty 11 continuè In operation. The TnJste&s ar8 responsible for k8gplng suifirAent accountlng re¢ord$ that disclos& ￿t￿ reasonable accuracy al any time the financial POSFbon of the Charity and 8nablè them to ensure that tho financial ststemènts comply with the Charities Act 2011. the Charity IAc¢ounts and Rèports) Regulatlons 2008 and the prowsions of the trust de8d. They are also responsiblè lor safeguarding the as$&ts of the Charlty and hèncg foT taking reasonable steps for the prevention and detectk)n of fraud and other irregularlilos. The e8 report was approved by the Board of Tnjslees. Mr Joe Rodll9uez Truste• 3 S&plembeT 2025 CHORLEY COMMUNITY CHURCH (NORTH EAST LONDON GOSPEL MISSION) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHORLEY COMMUNITY CHURCH (NORTH EAST LONDON GOSPEL MISSION) We rèport to the Trustees on my examination of the financial statements of Chorfey Community Chur¢h INorth East Lon(lon Gospel Mission) {Ihe Charity} for th8 year ended 31 December 2024. RgsponslbllltS•s and ba$ls ot r•port As the Trustees of the Charity you are responsible for the prgparation of the financial stslements in accordance w¢th the requirements of thè CharthesAct 2011 (the 2011 Act). W& report in respect of my examinaÉlon of the Charity's financial stalgments carried out under 5ocUon 145 of th8 2011 Act. In carrying out our &xamlnation, we have followod all th& appJlc4ble Dlrectl¢)ns given by the Charlty Commission under $è¢tion 14515llb) of the 2011 Act. Inde￿nd*nt trx8mlnerfs statement Your attention is drawn to th8 fact that the charity has preparèd financial slalements In a￿OrdanCe wth Accountlng and Reporting by Charfl8s preparing their accounts in ac¢ord8n¢e wlth the Financial Rèporting Standard applicabl in the UK and R8publie of Ireland IFRS 1021 in pref8r8nce lo the Accounting and RoP¢rting by Charities: Statement of Recommanded Pf8¢ti¢e Issued on 1 April 2005 whlch Is referred to in thé èxtant regulations but'has now been withdrawn. We understand that thls has been done In order for financial statemènts to PTovlde a tru6 and fair view in accordance wtth Generally Accepted Accounting Practice effective for reporting periods boginning on or after 1 January 2015. We have complètgd our examination. We confim that no matters have coma to our attention in rnnnèction wilh the examination givlng US C8U8e to believe that in any m8torial respect.. accounting records were not k&pl in respect of the Charfty as roquired by sectlon 130 of the 2011 Act.. or the financial statements do not accord with those records. or thè financial statements do not comply with the applicable requlramenls conceming the fomi and content of accoLtnts sel out in the Charities IAccounts and Reports) Regulatlons 2008 other than any rèquirement that the accounts give a tnje and fair view whlch 1$ not a matter consldèred as part of an ind6pendènl examination. We have no conc&ms an¢J have come across no oth¢r matters in ￿nnectIOn with the examination to which attention should be drawn in this report in order to enabl& a proper understanding of tho financial 8tal8m&nts to be reached. Afflnlty AssocSatos Llmlt 11-12 Hallmaik Tradin9 C8ntr8 Fourth Vvay Wembley Middle5ex HA9 OLB England Dated.. 3 Septembgr 2025 CHORLEY COMMUNITY CHURCH (NORTH EAST LONDON GOSPEL MISSION) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unro¥trl¢tsd Restrlct•d funds lunds 2024 2024 Total Unr•$trl¢ted Restrfct•d lund$ lunds 2023 2023 Total 2024 2023 Notg Income fTOm: Donatlons and legacl•s 38,616 39.456 76,072 34.295 84.623 118,918 endltui• on. ctsvities Charitsbf• Expendituro 27.459 44,130 71.589 30,985 63,946 94,932 Total charltsbl• ?XPondltur• 27.459 44,130 71.589 30.986 63.946 94,932 Not Ineom•ll•x￿ndltur0j for thè ygarl Net mov•mont In lund¥ 9.1S7 14.674} 4.483 3.309 20,677 23,966 Fund balan￿$ al 1 January 2024 27.281 38,977 86,258 23.972 18.300 42,272 Fund balanc•* at 31 D•c•mbor 2024 36,438 34,303 70,741 27.281 36,977 66.256 The slatemgnl of financial aclNities inejudas 811 gain5 and losses ro¢ognl3ed in the year. All income and expenditure d&riv8 from ￿ntinuIng adlvities. The statement of finandal activities also complles wilh the requiremants for an income and expendibjre account. under the Companies Act 2006. CHORLEY COMMUNITY CHURCH (NORTH EAST LONDON GOSPEL MISSION) BALANCE SHEET ASAT31 DECEMBER 2024 2024 2023 Notes Current asséts Cash at bank and In hand 72.027 66.995 Crèdltors: amounts falllng withln on• ye•r 1.286 737 Nel Current assets 70.741 66,258 The fvnds of the Charlty Restricted income funds Unr8stri¢ted funds 34,303 36.438 38.977 27.281 70.741 68.258 cial statements were approved by the Trustees on 3 S•ptember 2025 Mr Joe Rodn T￿￿t•¢ CHORLEY COMMUNITY CHURCH (NORTH EAST LONDON GOSPEL MISSION) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollciès Charlty Informadon Chorley Commurhity Church (North East London Gos￿1 Mlsslon} is a charfty govemed by a trust ¢Jstrd and is constitutsd as a tru81. 1.1 A¢countlng convtntlon The finandal 8tslemenls have been k>r•pared in accordan¢e with the Chartty's Igovemlng documentl. the Charities Act 2011, FRS 102 'Thè Financial Repo￿n9 Stsndard appli12ble in the VK and Ropublic of Iieland" {'FRS 102.1 and the Chadtl&s SORP "Accounting and R8POrting by Charibes.. Statement of Recommendfrd Pradice applicable to charities preparing their ac￿)unIS in accordance with the Finandal Reporting Stand8rtl pplicable In ttiè UK Republic of Ire￿nd IFRS 102). leffo¢llve 1 janL￿ry 20191. The Charity 5$ 8 Public Benefit Entity 8s defined by FRS 102. The Ch8rty has taken advantaga of the provisions in the SORP for charitlès not lo prepare a Stslemenl of Cash Flows. Th& financial statements havè departed from tha Ch8rities IAcc(Junts and Reports) Regulations 2008 onty lo the extent required to provlde a true and fair vièw. This departure has involved followlng the Statement of Recommended Practice for charities appI￿n9 FRS 102 rather th8n the version of the Staternont of Recommendad Pr8cli¢e which is referrèd to in the Regulations bul whith has since bèen withdrawn. Thg financial statements are prepared in sterllng. whlch 1$ the fvnctional currency of th6 Charlty. Monetary amounts in these financial stat8mgnts are rounded to the nearest £. Tho financial statements have been PTepared undor the historical cost convention. Imodlflod lo include thg ievaluation of freehokl properties and to In¢lude investment propgrues and certain financlal Instrum&nts al falr valuel. Thè prinrypal acc4Junting polictg$ adopted are set OLrt bèli)w. 12 Charltable funds Unrèstricted funds are avallablg ffx U8e al the dlscrotion of the Trustees In furtherance of Ihdr tharilable objectives. R&strided funds afe subject to specthc conditions by donors or grantors as to how they may b8 used. The purpow6 and uses of th& restrict8d funds are set out in the note5 to the financial stslements. Endowrnenl fvnds aro subAoct to specific condiuons by donors that thg capital must ￿ malnt8ined by th Charity. 1.3 Incomo Income is recognisad whèn the Charity is legally 8ntiliod to It after any p&rfomance cnndltlons have been met, the amounts can be measured reliably, and il Is probable that Incom8 will be receiv•d. Cash donations are recognisèd on r￿lpt. Other donatlons are recognised oncè the Charity has bèèn notified of thè donation. unless performan￿ conditions Tequlie d*fèrral of Ihe amount. lrt¢ome lax recoverable In relation lo donations received undèr Gift or deeds of covènant is recognlsed 8t the lime of the donation. Legacies are recognised on ￿Ceipt or olheThvise rfthe Charity has been notffied of an irnpending dlstribulion. tho amount Is kFTh)wn. and receipt is expected. If the arnount Is not known. the legacy is trgated 8$ 8 ¢onlingenl ass&L CHORLEY COMMUNITY CHURCH (NORTH EAST LONDON GOSPEL MISSION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 AccountSng pollclè¥ IContlnu•dl 1.4 Expgndltvrn Expenditure is recognisgd once there is a legal or ¢onslru¢twe obligation to transfer economic b8nefft lo third paty. it Is probable that a Iransf8r of 8eonomi¢ beneffts will ￿ r8qulr8d in settlement. and tho arrount of the obligation can bè measured reliably. Expendliure is dassified by activlty. Tho costs of each activity are made up of tho total of direct costs and shared ¢osts. including support costs involved in undertaking each activty. Dirèct eosts attribulable to a single actlvity are allocated directly to th81 activity. Shared costs which conlrtbute to more than one activity and support costs which are not attributable lo a single activity are apportioned btrlween those activilles on a basis consistent vrith th& use of resources. Central 8taff costs are allocalgd on the basis of time spent. and depioeiation charges are allocatèd on the portion of th& ass&Vs use. 1.5 Cash and eash •quivalents Cash and cash equivalgnts Snclude cash in hand. deposits held at call banks, other short-lerm Itquid Investmenis with original maturities of thrne months or le55, and bank ovwdfaft8. Bank ov8rfrafts ale shown within borrowings in currènt liabilities. Char5table actlvltl•s Charitable Charttablg Expenditure Exp•nditure 2024 2023 Staff efjsts General minlsty lin¢l. speaker expsl Ub'libes induding telephtMa Insurance G8naral r$paiTs and malntenance Govèmance Miscellaneous Shoebox expenses Wise owls Fo￿1 kitchen I foodbank inltiat4ve Youth ministy (incl youth workers) Building repairs and gquipment Greener Ener9y Project 33,825 18.316 5,050 1,945 31.801 20,178 6,102 1.737 1.462 600 600 100 200 27,995 3,400 550 935 71,589 94.932 Analysls by fund Unrestricted funds Restricted funds 27,459 44,130 30,986 63.946 71,589 94.932 CHORLEY COMMUNITY CHURCH {NORTH EAST LONDON GOSPEL MISSION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 TruBtees None of the Twslees lor any persons connectsd with thgm} recelved any r&munerallon or benafits from th8 Charlty dudng the year. Employ￿8 The avèra9e monthly number of pwsons emptoyed by the charity during the year was: 2&24 Number 2023 Numb•r Assgts rotalnod fr*r ¢harlty'8 ovm us 2024 Freehold building Equipment 1.620,414 75,382 The truste6s h8V8 u$ed insurance valuos as the Iruslees aro unable lo reliably ostlmats current values; insurance valu9$ may drffer materially from current values. Cr•dltors: amounts falllng du• wlthin on? year 2024 2023 Other taxation and $o¢lal security Accruals and defgrred Income 137 1,200 1.286 737 CHORLEY COMMUNITY CHURCH (NORTH EAST LONDON GOSPEL MISSION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Restrlcted funds The reslricted fvnds of the charfty cthiprise the unexpendefj balances of donation6 and grants h8ld on Irnsl SLtrbjact to SPo¢ifi¢ ¢ondilions by donors as tr) how they may be used. Movom•nt In funds Inmmlny r••ourc•$ Mov•m•nt In ful￿$ Incomlng r••our¢ Balance at 1 Jonu•ry 2Q3 R?sDurces PalAn¢o at exp*nd•d1 Januery 2024 R*souTces Baian¢e at •xpondqd 31 D•¢•mbDr 2024 Building Fund Greener Energy Proje¢t Youth Work Fund Youth Lighthouse City Bridyo Shoebox Fund Wise 0￿S Worker SupFX)rt Food kitchenmood bank intiative Othèr 2,202 39.420 135,201) 6.421 19351 5.486 2,479 15501 1.929 1.929 8,355 31.941 127.995) 12.301 6,270 15.4041 13.167 1.898 {5,644) 1,898 4,126 1,898 114.0391 9.770 15.660 133,8251 (137) 4,850 11371 8.060 11371 21.620 3.210 17,526 13,9661 4.088 4,088 4,088 209 2001 282 282 282 18,300 84.623 163,9461 38.977 39,456 {44,130} 34.303 Unrestrlct•d funds The unrestricted funds of the charfty comprise the unexpènd¢d balances of donation8 and grants whlch 8rtr not sijbject lo specific conditions by donors and grant￿5 8$ lo how they may b8 usgd. These indudè designated funds which have been sel a￿de out of unr981ricted funds by the Iruslees for specific purposes. At 1 January 2024 In¢omlng Msourcfrs R•sour¢•s •xynd At31 Doc•mb•r 2024 Ggneral fvnds 27,281 36.616 127,4591 36,438 Prevlous year: At 1 January 2023 Incomlng r•$our¢g5 Regourc•s exp•nd•d At31 D?￿fflber 2023 Genoral ￿ndS 23,972 34.295 (30,9861 27.281