REGISTERED CHARITY NUMBER 513110 ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023 The Coton Green Evangelical Free Church Trust Fund **Contents of the Trustees Annual report for the Year Ended 31 December 2023** ||**Page**| |---|---| |Information|1| |Report of the Trustees|2 to 7| |Independent Examiner's Report|8| |Statement of Financial Activities|9| |Balance Sheet|10| |Notes to the Financial Statements|11 to 17| |Detailed Statement of Financial Activities|18| **The Coton Green Evangelical Free Church Trust Fund Information** **for the Year Ended 31 December 2023** ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Registered Charity number 513110** ## **Principal address** The Coton Centre Comberford Road Tamworth B79 9AA ## **Trustees** Mrs S Gilbert Mrs N Shearer Mrs L Thompson Mr P Hudson Mr J Thomlinson Mr J Dixon re-appointed 08.06.2023 Chair re-appointed 08.06.2023 re-appointed 14.01.2023 appointed 17.05.2021 resigned 16.11.23 appointed 12.11.2023 appointed 12.11.2023 Advisors to the Board Mr J Knew Rev D Shearer Mr J Shearer ## **Senior Management** Rev D Shearer - Pastor Emeritus and Elder Bishop D Carr - Spiritual Oversight and Consultant Pastor Jonathan Shearer - Interim Facilitator ## **Bankers** NatWest 8 Market Street Tamworth B79 7LS ## **Independent Examiner** Faisal Muzaffar FCCA Sage Accounting Ltd 19 Lomond Close Tamworth Staffordshire B79 8ET Page 1 ## **Report of the Trustees** ## **for the Year Ended 31 December 2023** The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 December 2023. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2015). ## **Trustees** The Trustees serving during the year and to the present date are listed on page 1. ## **OBJECTIVES AND ACTIVITIES** ## **Objectives of the Church** Advancing the Christian Religion by teaching and establishing the people of God in their faith through weekly ministry and pastoral visiting and by presenting the Lord Jesus Christ and His Gospel through preaching and other proper means to achieve the conversion of those who hear. The Trustees review the aims and objectives and activities on a regular basis. The Church’s Trust Deed was amended on 27 January 2008 to reflect changes in Church life and to update the document in line with current practice. In carrying out this review the Trustees have considered the Charity Commission's general guidance on public benefit and its supplementary public guidance on the advancement of religion for the public benefit. In particular, the Trustees consider how planned activities will contribute to the aims and objectives agreed by the Leadership Team and Pastor. The Church is a member of the Evangelical Alliance. ## **Public Benefit** The principles under which the Charity operates in accordance with its aims and objectives are as follows: - a) There are no restrictions on who can benefit, where they come from, or their financial circumstances, or their ability to pay, where charges are levied. - b) Benefits to the public are not restricted to members of the church or to regular churchgoers. - c) The facilities provided are accessible and open to all. - d) The Charity wants to see all people regardless of race, creed or social standing, coming to a saving knowledge of Jesus Christ as their Lord and Saviour. ## **Provision of Church and Worship Services** - Weekly services available to the public ## **Provision of Public Ceremonies** - Celebration of marriages, funerals and baptisms. ## **Contributing to the Spiritual Wellbeing of the Public** - Regular prayerful intercession for the towns and villages and our nation and other nations. ## **Contributing to the Spiritual and Moral Education of Children and Young People** - Providing facilities for a toddler group and the Pre-school. - Providing facilities for various youth groups/clubs to meet. - Providing opportunities for children, young adults/youth development team-building and the study of religious - teachings, practices and instruction. Page 2 ## **Contributing towards promoting Social Cohesion** - Promoting the study of religious teachings and practices and scriptures in homes - Holding women's fellowship events and meetings - Holding men's fellowship events and meetings - Holding young adult's fellowship events and meetings - Holding events at the Centre open to all users and the public such as fun days and special evening services ## **Pastoral and Missionary Work (UK and Overseas)** - Visiting the sick - Hospital Visiting - Regular financial support for Evangelical and Prison Ministries ## **Contributing to Mental and Physical Health and Well-being** - Provided facilities for children and young people to engage in various sports and exercise classes. ## **Provision of a Building for Use, Hire or Letting** - The building is used as a major training venue for teachers, social services and health service staff - The building is a major concert venue for school orchestras from all over the region and for choirs, musical - and drama groups - The building is used by support groups for parents with critically ill children and young people and adults with - learning difficulties - The building is used by Coton Green Ladies (a local social group) on Monday evenings - The building is used weekly by sensory groups for babies and young children - The building is used weekly by groups for children and young adults to participate and learn the art of dance, drama and musical theatre - Use of the building and car park by the local school for major public events and parents’ evenings - Promotion of musical and theatrical liturgy from time to time - The building is used by local interest groups and community groups, bodies and organisations. ## **Providing Information to the Public** - Established communications group to evaluate and improve all internal and external communications - Fitted new signage at the road entrance and the front of the building - Development and maintenance of the church website and Churchsuite - Displaying information on the notice boards in the building - Regular updates on social media platforms e.g. the church Facebook page. - All sermons now recorded and available on church Youtube channel ## **Review of Activities** The statement of financial activities for the year is set out on page 9 of the financial statements. A summary of the financial results and the work of the charity is set out below. ## **The Church** Spiritual oversight of the church was with Pastor Emeritus David Shearer and Consultant Pastor David Carr. Jonathan Shearer held the position of Interim Facilitator and support to David Carr in addition to coordinating church meetings. At the end of the year, Community groups were established to study the Word, pray together in small groups and pastorally support one another. The full list of Trustees, including appointments and retirements is given on page 1. Our main worship service takes place on a Sunday morning at The Coton Centre. During the year, there was regular intercessory targeted prayer, both corporate and individual. The public can access information and contact us via our website, podcasts and social media platforms. During part of the Sunday morning worship service, the Church catered for children and young people giving them access to age appropriate bible teaching, fun crafts and activities that they can share and enjoy with their peers. Our youth group met weekly on Wednesday evenings for 11 to 18 year-olds and a Young Adult group was established. We continue to be blessed by the many volunteers who assist in the Centre throughout the year and help us, as a church, to offer so many vital groups and services to our community. Page 3 ## **The Coton Centre** The Centre continues to have regular use for church activities and external lettings. The Trustees and wider leadership team monitor all Centre income and expenditure on an ongoing basis. Cost saving strategies continued throughout 2023 with a thorough review of the plumbing and water systems in the building resulting in a new boiler to provide hot water and the drainage of the two loft water tanks removing the potential Legionella risk and cutting all costs associated with the necessary regular checks for this. All lighting including external car park lights were updated to LED and work on replacing any faulty double glazing continued in earnest. Church activities using the Centre during the year, with Covid regulation still in place have included: - Term time Pre-school - Intecessory Prayer Group - Youth Group on Wednesday evenings - Ladies Fellowship events - Men's Fellowship events - Weekly term time Stay and Play Group for 0-3 year old children - Regular young adults meetings and events In addition to the church activities listed, our building continues to be used as a venue for teacher training, social services, and health service staff. It is also a major concert venue for school orchestras from all over the region, and for choirs, and musical and drama groups. We continue a regular booking for S.P.I.N. Tamworth (a Charity for Special People in Need), which can hold its weekly event in a user-friendly, suitable venue. Our car park is used by the adjacent local school for major public events and parents’ evenings, and by the local Round Table. We have weekly babies and children's group bookings from Rock School, Bloom Baby, Glow Bambinos and Upbeat Dance. Our facilities are well regarded and are becoming wider known in the local area as we build more connections. We are grateful for the opportunity to serve our community in providing excellent facilities. ## **Coton Green Church Pre-School** Pre-school numbers have continued to grow and remain strong and the solid reputation of our organisation is enhanced by word-of-mouth recommendations in addition to the natural flow of children from the Stay and Play Group. The Ofsted 'Good' rating is testament to the hard work and dedication of the Pre-school staff. We see Pre-school as an important part of the ministry of the church. ## **Financial Review of the Church** We note the increase in incoming resources in 2023 from £252,614 to £264,205 in total due to a number of reasons. There were no church salaries payable through 2023 in addition to the resultant reduction in pension costs. Centre income increased from £177,602 to £201,580 with Preschool income rising by over £14k and an annual Letting income increase of over £15k allowing expenditure on necessary repairs and maintenance to the building. Trustees were pleased to note the measures taken to ensure the Centre ran as energy efficiently as possible such as changing the boiler for the hot water, the lighting to LED and replacing faulty windows, resulted in the expected rise of heat and light expenditure being kept to a minimum. Staff costs for Preschool were lower than in 2022 predominantly due to Preschool being managed voluntarily and maternity payments being reclaimed back through National Insurance contributions. The total surplus of £39,697 has resulted in an increase in the total funds of the charity to £1,627,607 (2022: £1,587,910). The Trustees are ever grateful for all monies received and thank all those who have freely contributed to the funds of the church. Our reserves grow at a steady rate, we have been greatly blessed by this abundant provision and give God the glory for our strong financial position. Trustees would ask those who are considering making a gift for a specific purpose to consider instead giving without restriction as to the use of these gifts. In this way funds can then be channelled to where they are needed most. We remain confident of the underlying financial health of the charity and its effective use of resources for the Kingdom of God. Page 4 ## **Reserves Policy** The level of reserves is reviewed each year to ensure that current assets exceed all liabilities. We have maintained a minimum of £35k buffer within the cash flow at the start of the year, rising to £75k at the end, an extremely positive increase on last year. We aim to maintain a consistent level of free reserves which equates to a minimum of 3 months of operational costs. ## **Risk Management** The Trustees understand the risks to the Charity and these are reviewed as part of their monthly meetings through evolved Governance. Trustees strive to ensure that the Charity is not exposed to significant external risk but where risks have been identified they are reviewed and followed up accordingly. Internal risks are minimised by putting in place agreed policies and by implementation of procedures. ## **Health and Safety** The Trustees are aware that many of the Church's activities have Health and Safety implications. They are satisfied that the Health and Safety policies are robust and meet our present needs but maintain a constant review of circumstances. They give glory to God for answered prayer and His continued protection and graciousness. Standard operating procedures remain as follows: - All events are fully supervised 100% of the time on an activity level rather than event level basis. - Responsibility is with the event organiser. - Supervisors for events are decided in advance and due regard is given to the ages of supervisors, ages of - attendees, and risks involved. - Separate risk assessments are produced for specific events that fall outside of normail activity patterns. - Extraordinary event risk assessments are signed off by two Trustees. ## **Performance against 2022 Plan** Our agreed plan for 2023 included the following objectives: 1. To continue to monitor closely the finances of the church and look at building up the financial reserves of the Church and Centre. 2. To complete the process of incorporation (CIO). 3. Investigate and actively look at all funding options open to the Charity. 4. Investigate and look at ways of implementing initiatives, which will require investment, to allow increased revenue income, e.g. infrastructure increased lettings 5. To continue to pay 5% of offerings to Mission Fund. 6. To review discretionary pay awards to Staff, subject to available finance. Trustees note that items 1,3,4,5 and 6 were completed for the year and should remain a consideration for future years. Whilst some good progress has been made on items 2, there is still more work to be done. Page 5 ## **Future Plans** The Lord has protected us over the years and our primary trust is still in Him, but we must still act responsibly with all the resources He gives us, and this is the basis on which we have agreed our plan for 2023. Underpinning all our plans is the desire to seek His will in all things and to work as one with the Pastor and Leadership Team in preparing His Church for His purpose. The Trustees recognise that the Church and its members are not immune from the financial difficulties facing our nation and the world at the present time. The Trustees, continue to estimate anticipated income and expenditure for the coming year. As a result of this the Trustees have approved the following course of action: 1. To continue to monitor closely the finances of the church and look at building up the financial reserves of the Church and Centre. 2. To actively research and implement the process of incorporation (CIO). 3. To build relationships with our local authorities and councillors and investigate all funding options. 4. To investigate opportunities to connect with groups and organisations who would like to take advantage of and use our updated facilites to allow increased revenue. 5. To continue to pay 5% of offerings to a Mission Fund and review how this is governed. 6. To restablish the appropriate authority with HMRC to facilitate Gift Aid claims. 7. To review discretionary pay awards to Staff, subject to available finance. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Status** The Church is regulated by a Trust Deed dated 26 August 1982 (last amended on 27 January 2008) and registered with the Charity Commission under charity number 513110. ## **Appointment of Trustees** The Trustees are appointed from within the membership of the Church by the existing Trustees and Leadership Team, and endorsed by the Deacons, for a period of three years, which is renewable. The Trustees are aware of their responsibility to ensure that the mix of Trustees appropriately meets the needs of the Church, and continue to identify, with the Leadership Team, potential Trustees from within the membership. All Trustees are aware of their legal and financial responsibilities and receive regular briefings and access to training. New Trustees are given appropriate information on appointment. Trustees bring with them significant experience of a wide range of business skills. All Trustees give their time voluntarily and receive no benefits from the Church. Any expenses reclaimed from the Church are set out in note 7 to the financial statements. Page 6 Truste3￿ RegpDnslbiliti&¥ The Charities Act 2011 requires the Trustees Charfty to prepare fir&iKlal statemthts for eattÈ finandal year vthlch glve 3 tnje and falr vtew of the ChariV5 financial thi1￿$ during the year and of its finan(ial PD5thn at the ￿￿1 of the year. In preparlng the ftnanclal SlateM￿ the Trustees thoukl follovi best and: Select Suitable accourity wAlcles and appty them conslstuth. Make judgements and e5tin¥ates that are rea9)nable and pnJdwL Folk)w applicable aCCo￿ting stsndards 4￿d the Lhrities SORP. dEthsing a￿1 ewaining any departwes In the financial statements. Prepare the fjnanaal SLatem￿ on ￿ ￿￿r￿j corwn basis, is inappropriate to assume that the dRrty V+il contlnue In opeRtion. The Truste85 are respor&ble for maintsining aLrourTbTrJ T￿OrdS which di%kKse th re475onable acoJracy at any twne the finanaal ￿￿tson of the tharity and ￿ab￿ them to ensure that the financial slatements ts)mpty with the Chaiitie5 Act 2011. They are a150 re5ponglAe for safeguarthng the assets of the Charty and ft)r taking reasonable 5tep5 for prevention and detectlon of fraud and other irregularitles. ACknowledgen￿nt The Tru5tee5 extend their warnie* thanks to all stsff and V0￿r￿ee15 for their excdtent vwjrk during the year. We thank all who Pdithfully serve the Lth through the Church In all Its mlnlstry. The Church r&kne5 God 5 peor* into mi55ion to our local communtty and to the nations of the world. through prayer and serv￿e. Atx)ve all thank ow G(Ml. Father of Ihe Lord Jesus Chrfs¢ for HIS Pdlthfulr£ss to tkw wlKxn He has cald. The finanaal sLatements w￿e approved by the Board of Trustees .... . . slgned on its lthlf by: and we N. Shearer L. Thomps Page 7 Independent Examiner's Report to the Trustees of The Coton Green Ev•ngellcal Fr¢e Church Trust Fund Independent examiner's report to the trustees of Coton Green Evangelical Free Church I reporr to the ¢harity trustees on my examination of the accounts of the Coton Green Evangelical Free Church (the Tr(￿1) for the year ended 31 December 2023. R￿ponSIbIlItI￿ and bJ¥li of report s Ihe charity trustees ol the Trust you are reswn&ble for the prepar4tson of the 44ccounts In accordance wilh the requirements of the Charides Art 20111'the Act'l, I report In re5pett of my exarninauon of the Trusts accounts wried out Ltnder section 145 of the Act and In carrylng out my examlnarion I h)ve followed all JppÈlcable Dlrections glven by the Chalty Cornmlssion under sectton 145{S1(b) of the ACL Independent examlner's rtatement Since your chanty's gross Income dldn'l exceed £260,000 your examiner doesn't need lo be a member of a listed body but It is JlwJys better ro get your books checked by a oualined person. I can conflmi that l am quallfied to undertake the examlnation because l am a reglstered member of the ACCA which is one of the115ted bodles. I have Completed my examination, I confirm that no mateNal mattws have come to my attenthon In connectyor* with the examlnatson giiryng me ￿use to bdieve that In any material respert.. l. Accounting records were not kept In respect ol the Trust as reoulred by sectyon 130 ¢f the Art,. or 2. The accounts do not accord wlth ihose records; or 3. Thè accounts do not cornply with the applicable requirements corKerning the form aiid conrenl ol accounts sel out In the Chariues (Accounts and Reports) Reoulation$ 2008 Other than any fequlrement that the accounts give a true and falr view which Is not a matter consldereo as part of an Independent e¥aminatlon. I havè no concerns Jnd have come across no other matters In connethon with the examination ro whlch artention shoulcj be drawn In thls report In order to enable a proper understsnding of the accounts to be reached. F•li*l Muz•ff•r FCCA Saqe Accounting Ltd 19 Lomond Lluse Tamworth Staffordshlré 879 8ET Date: Page 8 ## **The Coton Green Evangelical Free Church Trust Fund Statement of Financial Activities for the Year Ended 31 December 2023** |**Notes**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**Charitable activities**
Charitable activities
3
Other income
**Total**
**EXPENDITURE ON**
Charitable activities
5
**Total**
NET SURPLUS / (DEFICIT)
TRANSFER OF FUNDS
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|**Unrestricted**
**fund**
**£**
57,562
201,580
33
259,175
203,785
203,785
**55,390**
1,547,994
1,603,384|**Restricted**
**fund**
**£**
5,030
5,030
20,722
20,722
**(15,693)**
39,916
24,223|**2023**
**Total funds**
**£**
**62,592**
**201,580**
**33**
**264,205**
**224,508**
**224,508**
**39,697**
**1,587,910**
**1,627,607**|**2022**
**Total funds**
**£**
**74,393**
**177,602**
**618**
**252,614**
**301,394**
**301,394**
**(48,780)**
**1,636,690**
**1,587,910**| |---|---|---|---|---| The notes form part of these financial statements Page 9 The Coton Green Evangelkal Free TTr￿ Fund Balart￿ Sheet At 31 December 2023 2023 2022 Unrtstrirted Restricted Totsl fvnds Totsl fund5 fund nd FIXED A55EtS Tangible assets i.￿￿35 21461 553,296 S￿,(x19 CURRENT ASSEtS io iaT21 76332 89IJ53 ,721 7.245 35,276 41521 Cash at ba￿01￿1 tn harKI 1.133 90,186 Amounts falliw th withln Dne y li (15.875) (15.875) (10,620) 73,178 1.133 74￿11 3L901 TOTAL ASSEfs LESS CURRENTLIABIIrnES ￿￿￿)13 1,627,607 1,587,910 NEfASSETS 1.6(H.013 23.594 1.627.607 ¥587,910 FUNDS Unrestricted fwK*s 14 1,604,013 1,547,994 39.916 TOTAL FUNDS o.E/J.. i /a4. slgned on Its by: flnandal statements wtre try ￿ Board crf TnJ5tees on .. . . .. N. Shearer L. Thompson Page 10 ## **1 ACCOUNTING POLICIES Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention with the exception of investments which are included at market value. ## **Incoming resources** All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income after any performance conditions have been met and the amount can be quantified with reasonable accuracy and it is considered probable that the income will be received. ## **Grants receivable** Grants receivable are credited to Statement of Financial Activities (SOFA) when the charity has entitlement, it is probable that the income will be received, and the amount can be measured reliably. If entitlement is not met then these amounts are deferred. ## **Resources expended** All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is categorised under the following headings: - - Charitable activities include church and ministry related costs of the Coton Centre - Other expenditure represents items not falling in the categories above. ## **Support costs allocations** Support costs are those that assist the work of the charity but do not directly represent charitable activities. They include office costs, governance and professional services. They are included directly in support of expenditure on the objects of the charity. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources. ## **Tangible fixed assets** Tangible fixed assets are stated at cost less depreciation. Depreciation is calculated to write off the cost of the tangible fixed asset over its useful economic life. The depreciation method and rate used are: - Freehold land Nil Nil – The trustees consider that the residual value of the freehold building is equal to Freehold buildings the cost stated in the financial statements Computer Equipment 33.33% straight line basis All other assets 25% reducing balance basis Freehold land and buildings are subject to an annual impairment review by the trustees. **Taxation** The charity is exempt from tax on its charitable activities. ## **Funds accounting** Funds held by the charity are: - Unrestricted general funds Designated funds Restricted funds These are funds which can be used in accordance with the charitable objects at the discretion of the trustees These are funds set aside by the trustees for specific purposes These are funds donated or granted for a specific purpose Page 11 ## **ACCOUNTING POLICIES continued** ## **Operating leases** Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the term of the lease. ## **Pension costs and other post-retirement benefits** The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. ## **Judgements and key sources of estimation uncertainty** The following judgments have been made in the process of applying the accounting policies that have had the most significant effect on amounts recognised in the Financial Statements: ## Residual value of the freehold property There are no key sources of estimation uncertainty that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year |**2**
**3**
**CHARITABLE ACTIVITY INCOME**
**Activity**
**4**
**INDIRECT SUPPORT COSTS**
Finance cost
Depreciation
Legal & professional
IT / Media
Photocopier lease
Independent examination fee
The Coton Centre (see note 5)
**DONATIONS AND LEGACIES**
Offerings and gifts
Covenanted gifts and gift aid
Charities Aid Foundation|**2023**
**General**
**Restricted**
**Total**
**£**
**£**
**£**
30,981 1,631 32,612
26,581 1,399 27,980
2,000 2,000
57,562
5,030
62,592
**General**
**Restricted**
**2023**
**£**
**£**
**£**
201,580
201,580
201,580
-
201,580
**General**
**Restricted**
**2023**
**£**
**£**
**£**
784
784
2,713
2,713
4,184
4,184
1,700
1,700
3,178
3,178
2,160
2,160
14,718
-
14,718|**2022**
**Total**
**£**
41,436
31,958
1,000
74,393
**2022**
**£**
177,602
177,602
**2022**
**£**
810
4,025
52,508
2,921
1,789
1,200
63,253| |---|---|---| Page 12 ## **5 CHARITABLE EXPENDITURE** |Teaching & ministry
Salaries
Pension costs
Church events
Sundry expenditure
Subscriptions
Staff Christmas gifts/benefits
Missions board
Coton centre (see below)
Building repair and maintenance
**The Coton Centre**
**Income**
Pre-school and playgroup income
Stay and Play Income
Lettings including catering
**Expenditure**
Purchases of materials/resources
Salaries
Heat and light
Stationery, postage & telephone
Insurance
Cleaning and maintenance
Surplus / (Deficit)
Pre-school: LEA government funding
Indirect support costs(see note 4)|**2023**
**General**
**Restricted**
**Total**
**£**
**£**
**£**
7,125
7,125
-
-
1,070
1,070
3,537
3,537
931
931
1,397
1,397
733
733
2,400
2,400
170,891
2,313
173,204
3,383
16,009
19,392
189,067
20,722
209,789
14,718
-
14,718
203,785
20,722
224,508
**2023**
**General**
**Restricted**
**Total**
**£**
**£**
**£**
133,738
133,738
21,698
21,698
1,218
1,218
44,925
44,925
201,580
-
201,580
2,158
1,313
3,471
135,712
135,712
15,189
15,189
3,289
3,289
4,226
4,226
10,316
1,000
11,316
170,891
2,313
173,204
30,689
(2,313)
28,376|**2022**
**Total**
**£**
6,285
20,870
3,257
653
2,095
1,688
500
7,006
195,787
238,140
63,253
301,394
**2022**
**Total**
**£**
133,229
14,565
-
29,808
177,602
3,108
140,610
13,601
2,606
4,565
31,296
195,787
(18,184)| |---|---|---| Page 13 |**6**
**STAFF COSTS**
Wages and salaries
Social security
Pension costs
No employees have received income benefits of over £60,000
The average number of employees during the year (full-time basis):|**2023**
**Total**
**£**
134,499
1,213
1,070
136,782
6|**2022**
**Total**
**£**
157,200
4,280
3,257
164,737
9| |---|---|---| ## **7 TRUSTEES AND KEY MANAGEMENT PERSONNEL REMUNERATION AND EXPENSES** The Trustees have not received nor waived any remuneration and expenses during the year (2022: Nil). The total amount of employee benefits (salary and pension) received by key management personnel is £Nil (2022: £11,533). Reimbursement of travel expenses for key management personnel totalled £Nil (2022: £Nil). ## **8 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**Charitable activities**
Charitable activities
Other income
**Total**
**EXPENDITURE ON**
Charitable activities
Total
**NET INCOME / (DEFICIT)**
TRANSFER OF FUNDS
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|**Unrestricted**
**Fund**
**Restricted**
**Fund**
**£**
**£**
73,393
1,000
177,602
618
251,614
1,000
301,394
301,394
-
(49,780)
1,000
22,639
(22,639)
1,575,135
61,555
1,547,994
39,916|**Total Fund**
**£**
74,393
177,602
618
252,614
301,394
301,394

(48,780)
-

1,636,690
1,587,910| |---|---|---| Page 14 ## **9 TANGIBLE FIXED ASSETS** |**Freehold**
**property**
**Plant &**
**fixtures**
**Computer**
**equipment**
**£**
**£**
**£**
**COST**
At 1 January 2023
1,548,090
84,510
7,343
Additions
At 31 December 2023
1,548,090
84,510
7,343
**DEPRECIATION**
At 1 January 2023
79,524
4,410
Charge for year
1,246
1,467
At 31 December 2023
-
80,770
5,877
**NET BOOK VALUE**
At 31 December 2023
1,548,090
3,739
1,467
At 31 December 2022
1,548,090
4,986
2,934
**10**
**2023**
**£**
Debtors
12,721
12,721
**11**
**2023**
**£**
Trade creditors
2,400
Taxation and social security
5,877
Other creditors
7,598
15,875
**12**
**Analysis of funds**
**31.12.2023**
**31.12.2023**
**Fixed assets**
**Net current**
**assets**
**£**
**£**
Unrestricted funds
1,530,835
73,178
Restricted funds
22,461
1,133
1,553,296
74,311
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**ANALYSIS OF FUNDS**|**Totals**
**£**
1,639,943
-
1,639,943
83,934
2,713
86,647
1,553,296
1,556,009
**2022**
**£**
7,245
7,245
**2022**
**£**
3,492
7,128
10,620
**31.12.2023**
**Total**
**£**
1,604,013
23,594
1,627,607| |---|---| Page 15 ## **13 OPERATING LEASE COMMITMENTS** At 31 December 2023 the charity had no future minimum lease payments under non-cancellable operating leases (2022: nil) ## **14 MOVEMENT IN FUNDS** |**General Purpose Fund**
**Designated funds**
Missions Board fund
**Total designated funds**
**Total unrestricted funds**
**Restricted funds**
Christmas meal fund
Charities Aid Foundation
Grant income
Nursery play area fund
Building fund
**Total restricted funds**
**Total funds**|**At**
**01.01.2023**
**Incoming**
**Resources**
**Outgoing**
**Resources**
**Transfers**
**£**
**£**
**£**
**£**
1,549,196
259,175
(203,785)
-
(1,202)
3,030
(2,400)
-
(1,202)
3,030
(2,400)
-
1,547,994
262,205
(206,185)
-
398
1,000
(1,265)
2,000
(1,000)
48
(48)
38,470
(16,009)
39,916
2,000
(18,322)
-
1,587,910
264,205
(224,508)
-|**At 31.12.2023**
**£**

1,604,585

(572)

(572)

1,604,013
398
(265)
1,000
-
22,461

23,594

1,627,607| |---|---|---| Page 16 ## **15 PURPOSE OF FUNDS** ## **General Purpose Fund** These are funds available for any purpose within the church’s charitable objects at the discretion of the board of Trustees. ## **Designated Funds** ## **Missions Board Fund** This fund arises by a weekly transfer of 5% of church tithes in addition to specific gifts that are categorised under the restricted funds heading. The fund is administered by a Missions Board and is used to support missions in the broadest sense, consistent with the objectives of the church. ## **Restricted funds** These are gifts and grants received with a specific purpose and expenditure is thus restricted in line with the stated purpose of the donor or grantor. Depreciation of fixed assets purchased from these funds is charged thereto in the accounts. ## **16 RELATED PARTY DISCLOSURES** Information in respect of Related Party Transactions and outstanding balances is set out below: Donations, without conditions, received from Trustees, key management personnel and other related parties totalled £Nil (2022: £16,790) inclusive of gift aid tax recoverable. Page 17