CHRIST GOSPEL CHURCH OF BUXTON
ANNUAL REPORT FOR THE YEAR ENDED 31[ST] MARCH 2024
Christ Gospel Church of Buxton is constituted by a Deed of Trust and is a registered charity, No. 502627. Its address is 111 Stonesby Avenue, Leicester. Its correspondence address is c/o 7B Church Road, Aylestone, Leicester, LE2 8LB. The charity trustees to the year to 31 March 2024 were:
Mr. David Antony Fawcett Pastor & Treasurer Mr. David Stephen Bray
Mr. Ioan Cristian Papa
The objects of the charity are as follows:
1). To teach people to live moral, lawful lives.
2). To continue in our support of the spreading of the Gospel of Jesus Christ world-wide.
The trustees’ policy is to ensure that the above aims are met to the highest possible standards.
With the exception of one of the Pastors, volunteers staff the charity, with the workload spread amongst some of the senior members.
All funding for the charity is provided by its own members, with those tax-payers usually making their donations by Gift Aid Declarations, with the payments being made on a weekly / monthly basis, ensuring a regular stream of monies is received, with the annual tax rebate claim being used towards the maintenance / improvements of the charity’s assets, mainly the church buildings and grounds.
We saw Income increase by just over £8000 (20%), £4000 being a legacy, of which we were obligated to send £1000 to the Mexican orphanage. Tithes were up 12%, offerings up 26%, First Fruits up 6% & Missions down 10%. Interest on savings was up by over 250%, reflecting both the increased balances held in reserve & the increased interest rates. Gift Aid was down by £83, but still at a good level of £5800.
Expenditure increased by 23%. Once again, no increase in Pastor's basic wage, total cost, including National Insurance & Pension Contributions was £17,579. Cost of utilities was down 45%. Repairs & Maintenance saw a big uplift to £3531; main expenditure being the replacement air conditioning of £3000. We still have to replace a large part of the perimeter fencing at church & will look to start that during this financial year. Miscellaneous Expenses increased by 253% to £3836, part of increase being the cost of the Prayer Revival weekend in June, £600 & donations to local charities of £2680. The church has once again finished the financial year showing a large surplus.
We continue to donate £45 a quarter to Bible-A-Month, which pays for bibles in third world countries & £50 a quarter to Prison Fellowship, which pays towards missionary work inside prisons.
We showed a surplus this year of £12211, which was added to our reserves, with the reserve balance remaining in excess of 2 years of expenses and is something the Board may need to look at depending on the cost of the repairs we are looking to undertake this year.
During the 2024 – 2025 financial year we will continue our active support of Missions and will look to spend more money on the church property, whilst at the same time actively managing costs.
DAVID FAWCETT 06/05/24 On behalf of the board of trustees
CHRIST GOSPEL CHURCH
INCOME & EXPENDITURE ACCOUNT 1/4/2023 - 31/03/2024
| INCOME | £ | EXPENDITURE | £ |
|---|---|---|---|
| TITHES | 28866.92 | PASTOR'S WAGE | 12865.62 |
| OFFERINGS | 3466.90 | TAX / NI & PENSION | 4712.98 |
| FIRST FRUITS | 4576.32 | GAS | 770.00 |
| MISSIONS | 1262.59 | ELECTRICITY | 739.74 |
| INTEREST ON SAVINGS | 946.07 | PHONE & FAX | 140.76 |
| TAX REBATE - COVENANTS | 5797.95 | REPAIRS & MAINTENANCE | 3530.72 |
| MISCELLANEOUS INCOME | 4000.00 | MISCELLANEOUS EXPENDITURE | 3835.83 |
| CHURCH INSURANCE | 1631.69 | ||
| BRITISH & FOREIGN BIBLE SOCIETY | 180.00 | ||
| PRISON FELLOWSHIP SOCIETY | 200.00 | ||
| JEFFERSONVILLE -SUPPORT MATERIALS ETC | 7688.00 | ||
| MISSIONARY SUPPORT | 410.56 | ||
| TRANSFER TO SAVINGS | 12210.85 | ||
| TOTAL | 48916.75 | TOTAL | 48916.75 |
DAVID FAWCETT, TREASURER 24TH APRIL 2024
Independent F.xaminer's Report to the Triistees of Chrl$t Gospel C.hiirch of Buxton. I report on ilie acc()Iint.s ()I'ihe I'rust f()r ihe year ended 31, March 2n24, which are set out on iiagc.s O I ti) 02. Re.1 ecli1* res onslblliiles o Iru.flee.s and uamlner Ag thc iharili .$ Ini.stees )'ou are re8rK)n8ible for the preparation of the accounts; you consider thai tlie aiidil reqtlTreinenl of section 43(2) of the C'harities Act 1993 (the Act) does not appli .11 is 111! fL'8P()ii.sjl)Tl ity to state, on the basis of ihe procedures speci fied in the General l)IrLilic)ns gii'en l)! the Charity Commissioners under 8ection 43 {7)(b) of the Act, whether parliLular inalters have come to my attention. Basis o inde endenl uaminer's re ort Mi examination was carried out in accordance with the General Directions given by the Chariti, Comniissioners. An examination includes a review of the accounting records kept by the charitv and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from i'ou as trustees concerning any such matters. The procedures undertaken do not provide all the evidcnce that would be required in an audiL and consequently I do not express an audit opinion on the vieiv given by the accounts. Inde endenl oraminer's slalemenl In connection with my examination. no matter has come to my attention which gives me reasonable cause to believe that in any material respect the requirements To keep accounting records in accordance with section 41 of the Act" and To prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met. Mark A. Judd Furnace House Toadhole Furnace Oakerthorpe Alfreton Derbyshire DE55 7LL 24th M y 2024 JJ