REGlSfERED CHARITI NUMBER 513110 ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024 The Coton Green Evangelical Free Church Trust Fund
Cortents ofthe Tntst Annual report for the Year Efftded 31 December 2024 Pa Report of the Tn&ee5 2to7 IndeFendent EyAminerfs Repxt Stst&nent of Financtal klhiibes Balance Sheet io Notes to the Flnanckl iito17 Detsiled Statement of Fala1 Acthrt 18
The Coton Green Evangellcal Free thurch Tn& Fund for the Year Ended 31 December 2024 Reglst•red Chwlty numbor 513110 Prlntlpal address The Coton Centre B79 9A1 Mrs S GMlrt Rtrapwlntsj 081(6R3 (hair Rtrwynted 081(ER3 Re-OpintQj 14101123 4yxnted 12IIIR3 ApFrfxntÉd 12111123 Oii(r3P4 Mrs N earer L TIK)mp9)n Mr J TmnSon MrlLIx Mr M LYRorke Senlor Managemert Rev D Shearer. Pth)r Erwitis Elder Bi4w D Cirr. Writtjal and Conth Paaor Wlder Leadershlp Team Mr J SIre[. Irknm Faoliator Mr T BeaUmt. ComrNnty Group Lea¢ MTS l EeaunKrt. Comnmrdty GrP Leader Mfs B Lxon . Communty Gw Lea¢ Mr N Cotkr. Comnmjnlty Le&der Mrs R Colier. Ccffirnlnty Gro Leader Mr B Thomp9)n. Comnwjnity foup Leader Mrs V Pardoe. Centre IAnirdslth and ftmty Liaiscv) pport W(xker Mr J Knew. Lead Cacors Senk)r Man•¥ment as at Board d Tn&ee5 as al 8Jnkers Natwest 879 7LS Independent Examiner Fatsal Trknaffar FCCA Stsffwdthire B798
Report of the Trustees" for the Year Ended 31 Dmber 2024 The have pleasure n i¥esenting thelr report and the finala1 51atements frjr the olarfty for the year ended 31 December 2024. The Tn&ees have adopted the provithns of Accountlng aThl Reporting by Charibes: Ststsrnent of Recommelld PraLttce (SORP) applicabk to charifs preparing their accounts In accordance wlth the Flnandal ReportlNJ Stsndard applKable in the UK and the Republt ({ Ireland (FIS 102) (effective I lanuary 2015). The Tnjstees sepilng durlng the year and to [yet thte e lid on page l. OBJEcf]VES AND ACTDrnes Oblecthras of the Church Advanclng the Chrlthn Relgton ty teachlng e51abl&hlrrfJ the people of God kn thelr falh through weew rninistry and pastoral visiting and by pre5entwvJ the Lord Jest5 Chrst and Hb Gc6pel through preathkYJ and other propw means to achleve the ConVe10n of those who hear. The Trustees review the aiThts owbvos and acuvittes on a regular basls. The Church Trnst Deed wa5 ameTrJed on 27 January 21x18 to reflect charvJes in Church life a1 io uwlate the dcumart in Ine vth current practice. In carrytng this review the Trustees haNt consll the cha CommtS51on¥ garnl gUIdan on publlc benefit and its supplementary publk guIdae on the advartcement of relIgn for the public benefiL In particular, the Trustees conslder how pkinned athittes VdHI contrtjute to the aIn WKI obJeLtrs by the LeadeJshW Team and Pastor. The Churth 6 a member of the EvarKJelical Alliae. Publlc Benefft The principles under whKh the operates In accOrdae th As alThs arKI are as fdlow& a) There are no Stritt on vtho can bend¢ they axne fmm, ar thelr fjnandal cxcumstances or thelr abthty to pay, where charges are kvied. b) Beneflts to the publk are not re5tritted to memkn of the chwch or to wular thurdwer& c) The fadlltles provlded are ac51b and cyen to all. d) Tr Ch wants to See all regakn of rn, creed or s)dal strnd1n cY)ming io a savlng knowledge of Jesus Chrst as their Lord and 5avMJur. Provision of Churth and Worship Services Weekty seNice5 avaikible to the publ Provlslon of Publlc Ceremonles Ceiebrdtton of marrlages. funeraLs dedICat$ and baptign5. Contributing to the Spiritual Wellbeing of the Public Reguiar prnyerful Interc&slon for the towns a1 vlllages and our natknn and other natlcrs. Contributing to the Spiritual and Moral Edue3tion of Children and Young People Providing tscrfities for a t(xldkr gmup and the Pfe-sdKKI. ProvKllng fadittes for varbus youth group4dvbs to meet. Providing opportunrties for children Yj[j alulwyouth thment teJn-buildrfj arml the study of reiigM)us teachings• 3CceS and Hrn. Page 2
Contrlbutlng towards promotlng Social C(thesi Promoting the study of relpjious teachings and practtos aThl sc[[preS In Fk)IdirvJ women's fellowship events and meetsrrfjs HoldirMJ men's fellowship events and meelir young adult's fetbwship events and meetings HOldW events at the Centre open to all and the pubk such as days a1 g)ecial evenlng Se5 Pastoral and Misslonary Work (UK and Overseas) Wisiting the Sick Ho1 vng Regular financial support EvarKJefical and Fts)n Mlnlstrles FlnancLal and practical Sup through the Missions Fund Contrlbuting to Mental and Physlcal Health and Well-belng Provided facilities for Child and young p to engage in var¥)us stmjts and ex(1 da55 Provlslon of a Bulldlng for Hlre or Lettlng The bull ding is used as a major training venue for teachets, yxlal serwkes and healh se1 staff The burtding Is a major coKert venue schwl orchestras musical artd drdma groups from all over the reglon The buffding 15 used by 9JWOrt gn)up5 for pts with uitraity 11 chiklren and yourwJ pèjple and adults wlth learnlro dlfficultles The bUIng Is used by Crton Green La(fE5 (a k)cal wial gp) on Monday evenings Thebu Ing Is used weekty by sensory groups for bables and young thikjren The buikling s used weekly by gn)up5 for thi4dren and ywng to partldpate arxl learn the art of dae, drama and fflusical theatre Use of the buikling and car park by the kKal 5ttKJoI for srti and par evenings proThtIon of rnusical and theatTioI lthrgy from tmie to time The Is used by IcKal interest gmups aThJ community gloups bothe5 and organlsatbns. Provldlng Infornwtlon to the Public Estsbftshed comMunatrO5 group to eva a1 im0Ve all irtemal and extemal commlmlcattons Slgroge at the road errtrAn and the front of the buildiThJ Development and rna1nten8e of the website and CIHwdwite DLqplaykng Informatlon on the notKe boants in the buildiwj Regular updates on sodal medla platforms e.g. the thurth Fet page. JI senrM)ns now rec(Kded and avallable on church Youtube channel Revlew of Actlvltles The statement of flnancial leS for the year ts set out on page 9 of the fnancial slatemen A summary of the flnanck41 results and the hyork of the set out Ixknw. The Chur srItUal oveht of the church with P&or Emerts Davld Shearer and Consuttsnt Pastor David Carr. Jonathan Shearer Ild5 the postvjn of Interim Factrrtator and sUPPOrt to t>avid Carr in addftlon to cwrdlnatlng church meetlngs. A Wider Leadership Team was ftwmed and meets regularty to drth matter5, Comrnunrty group5 m&t Wty to #udy the wo1 pray together in small group5 aThl p)rnly support one anottv. The fvll ltst of Tnstees iKludiTrJ apwintrnert5 and reINen Is grm on page l. Our maln w(lp service lakes pkce a SU mornlng at The C(kn Ce[rt DUrf year, thete VRS gUr InterCery targ&ed prayer, ix)th o)rporate and iTrSNidual. The public can Kce55 InfornHUon and contsX us vk our wthte. podcasts and g)dal mlIa p]atrom Durtng part of the SurKlay mornwvj 7hfjtship servty the Ctjurth cater1 for childm arKI young pwple them acress to age appmpriaie bible t&iCh1, fvn crats aThJ ath[b that thty can share and en with trlr prs. Our Young Aduk group Continu to meet rojuloty arml is growlng In number. We contlnuÈ to be blessed by the many volUntS who alst In the Centre throwhout the year and hdp us, as a church, to offer so many vital gmups and ser¥Ke5 to our communty. Paoe 3
The Coton Centre The Centre contlnues to have lar use for church athlttes external leth'ngs. The Trustees monitor all Centre income and expenditure on an ongoing basi5. Work on replaciTrJ any frdulty double glèzlng contlnued li eamesL The sound system and Ilghdry has been upgraded and the car pa extended. Church activibe5 Using the Centre during the year have iUded. Tem) Ume Pre-sch(M Jntecessory Prayer Grwp dies Fellowship everts Men's Fellowship events week term time Stay and Play Group for fr3 year obj thld Regu]ar young adutts nting$ and everts In addltlon to the church th1ts ILsted, our tr11dg contnues to be used as a venue for teacher training, social service5, and health Servi staff. It s also a major cOnrt venue for schc(4 offhestras from all over the region, and for cholrs, and musicAI and drama group& We continue a regutar iKJoking for &P.I.N. Tamworth (a Ch6rity for Special Peop in Need), which can hold 5 weekly evert in a user4riendly, suitabk venue. Our car park Is used by tre adjant kxal school for maJor publ events and parents, evenings, and by the k)cal Round Tab. We have weekly babies and chihjren's group tN)oklngs fr(Mn Rock School. Bb(m Baby. Glow Bamblnos and Upbeat Dan. Our fadlitEs are well regarded and are becoming wtder known in the tOL71 area as we buibj more conneLtioThs We are gratefvl for the opportunty to seNe our communlty In provkllng exlent facllitles. Coton Green Church Pre-school Pre.sch(M)I numbers have continued to gmw and remain strorKJ a1 the sofKI reputstN)n of our organi5atton 15 enhanced by Word-0f-nth recommendation5 in addition to the natural flow of thIkIn from the Stay and Play Group. The Ofsted 'Good' rdting 15 testament to the hard work and dedKation of the Prtrxhool staff. We see Pre-school as an important part of the of the thurch. Flnancial Review of the Church We note the illcreose in incoming resources in 2024 frorn £264,205 tt) £446,460 in toial due to a nurnber of reasons. There has been a *nifKant increase in gfving and the alated Gift Atd, We Thjw also maxlmlse the benefft of the Gift Aid Small Cash DonatK)n Scheme ensurlThJ donations of £30 or tess are collecied and accounted for approprlately. We received Increased grant funding whth we are ever grateful for. Pre5chcK)l income has rlsen due to the increased tske-up Df places for two year okl Child, the maionty of whom are now eligibk to r1ve Govemment funding for 15 hou at Ph0O1. Letting5 income remains stea(ty and we anticÈpate growth in this area wlth our upgraded facilit$ and future websyte updates attracting new interesL We continue to monitor all costs and are pleas&1 to te measures taken to maxlmlse energy eenCY continue to be of benefrt wtth onty a very slght Increase In the cost of our utilTtie5 from 2023. The total surplus of £58,574 has resuf(ed in an increase in the total funds of the charity to £1,&86,181 (2023: EI.627.607). The Truste are ever grateful for all monies received and thank all those who have freety contributed to the funds of the church. Our reseFves grow at a steady rate. we 1Ve been greaty blessed by this aburxlant provtsn and give God the glory for our stroro financial ption. Trustees lUId ask those cOnSering m&kiNJ a gift for a spedfic purp to consi(kr instead givirwj without strlctlon to the use of these glfts. In th15 way fuEKls can then channelled to WI they are ne8Jed most. We remaln (Dnfident of the uThJertylng finandal health of the charty and fts effective of resour for the Klngdom of God. Page 4
ReseNes Polky Our polKy s to retain ¥Ve% ' to ensure that the charty has suffident fijnts to meet 15 financial mYrEnts. ' to dernonstrate that the charfty15 Sustalnable knto the future ' to ensure that the charky is ab]e to manage fubJre unforeseen finaal dfftulttes. ' to ensure that exwlve funds are not held witlmxrt any tdentykble reason or for any Klentlfmble purpc6e. The level of reserves Is revkned each year to SUre that currert asse15 exceed all lia1th5. We aim to malntsln a con5thnt knl of free reseNes whith equates to a minimum of 3 months of operatlonal costs. Rlsk Management The Trustees undetstand rfsks to the Charity aNI these are revlewed as part of thelr montNy rneetings thffjugh ev0ed Governan. Trustees Str to eft5ure that the Charity s not exSed io signifiont extemal risk but Wre rtsks have been klentifted are revlewed and followed up accordlngty. Intemal rEks are minim[s by putting in place agreed pJltcies and by impleMenn of procedur Health and Safety The Trustees are aware that many of the Churth's actMts have Health and Safety implications. They are Satiled that the Health and Safety pollths are robust and meet our wesent neets but maintain a constant revlew of drcumstances. They gwe glory to God for aSEred prayer and His contliued protectk)n and graaousness. Stsndard operaiing pdureS remaln as fo]iows: All events are fulty Sur¥I5ed IIX)% of the tine on a(tr kvel rthr than event Iwel b3si ReSrA)4bllfy Ls wtth the event organiser. Sup¥5 for events are decijed in aJNa due regard 15 gi¥en to the ages of suwvÈors of attendees, and rlsks involved. Sep3Rte rtsk assesgnents are pro(fitced for spednc events that fall 051¢ of Nlrmail activty patten EXtradinary event rÈk assesgnents are ned off by iwo Trustees. Perfornwnce against 2024 Plan Our agreed plan for 2024 inckmled the ft110[j obe5. l. To contlnue to nvjnttor cbjsely the finances of churth knk at buik11ng up the ffflancial reser of the Church arnl Centre. To acuvdy research and Impkment the of Tncorporthn (CIO). 3. To bull d rdationships Yath our kncal auilK)litES a1 coun0115 and inv&lgate al fU1J opb'ors 4. To InVesgate opportunities to mnnect gnyjps and organi5ati)n5 Ytho vffjuld Mke to tske advantsge of and use our updated fadlftes to alk)w Increased revenue. 5. To contlnue to pay 5% of offertngs to a miss Fund and reinv how ths is gThErned. 6. To re5tsbfth the appropriate authority with HMRC to faclllate Glft Akl d)lJr& To revw dtscretKJnary pay awards to Staff. subject to available finan. Tru5tee5 note that item5 1.4.5.6 and 7 were compkted for the year and should remaln a mnsKleration for future year& Whlbt 91 pmgre&s has made on ftems 2 aThJ 3, theTe is stdl MOR work to be do. We are ho11 we wlll have a draft CIO document try Ihe eaty part of 2026.
Future Pkns The Lord has protetted us over the years and our primary trust & #ll kn HIM, but we must still act responslbty wlth all the rurS He gfves us, and thls Is the basLs on whith we haye agreed our plan for 2025. UTrJerpinning all our plans the deslre to seek wlll In all thIr and to wtyk as one wth the Pastor and l&?detsh Team In preparlTrJ Hi5 Church for H purpose. The Trustees recognlse that the (thurth and Ils members are not irnmune from the finandal di[rKUl faaThJ our nation and the workj at the present time. The TT, continue to estimate antpated Incon aThJ expwKllthrE for the comtng year. As a result of th15 the Trustees hwe approved folk)wing cOue of adlon.. To contuiue to wnitOr cb%ly the finance5 of the church arnl at maintaiiMThJ the financial reserrfes of the Church and Centre in Kcordance with our R[kin(l ReT¥ Polty and Pr(KedU 2. To comptete and impkment the prcSS of incorpordlion (ao). 3. To contHiue to bulkj tIonShipS With our kKal aUthOre5 and councilbrs and WNeslW all fundll 0Oh)r6. To contknue to Invetyte opwirtunlties to ({neCt with grtyjps arKI oryar4satkns who would h'ke to tske advantage of and use our uFwJated facilites to allow increased remue. 5. To cont11 to pay of offerirwJs to a Mswn Fund and ths is govem&Y. To revlav d15crettonary pay awards to Stsff. to avallabk finan. 7. To review opp)rtunitie5 arKI 5trtegie5 for cost savings as the prtenual to gaierate elecbw wlth the Instalati)n of soL3r panel The Church s regulated by a Tr [ dated 26 August 1982 (last anen on 27 January 2008) and tstered wlth the Cbarlty Comm&slon under dwrty number $13110. Appolntment of Trustses The Trustees are appointed from vthhiTr the Membe[p of the Chur(h by the existing TTUStees and SpIriknl Leade, and endorsed by the Deacons for a of three yeaTS. which Is rerth¥abk The Trustees are awa of their re5pon5ibllty to ensure that the mix of Tn&ee5 appropriatety the needs rf the Church, and continue to klenttfy, wfth the Splrftual Leadets, p)t•itlal Ths&ees frc4n wlthln the wembeh[P. All Trustee5 are aware of ther kgal and financial responsibilltits and regular briefiThJs and access to training. New Trustees are given appropiiate infonnation on ap1tment. Tntstees brirKJ with them ygnifrant eXe of a wlde range of buslness sklus. All Trustees give their time volwtyity and reffi benefits flft the Crch. Any exSeS redalm8J frcn the Church are set out In note 7 to the finaKlal statement& Page 6
Trustees. Responsibilttles The Charities Art 2011 requlres the Trustees of the Charlty to prepare fthanchil ststements for each fmancol year which give a twe and fair view of the Charws financial acb¥it5 during the year and of Ets financlal poatlon at the of the year. In preparlng the ftnanclal statemwjts the Trnstee5 shoubj fOlW b& practice and: Sektt surtabk accounting policie5 and appty ttrrn lenty. Make Iements and estlmates that are reasonable and prndent Folkw applicable accounting siandards and the Charltks SORP. and eXplning any departure5 in the finandal ststement Prepare the flnandal s12tdnents on concem bas& unkn It Ls Inappropriate to a55ume that the charlty wm contlnue In opernllon. The Trustees are responslble for rnalntalnlng proper aca)untlng records vthith dtsdose wlh renable accuw at any time the financ1 pJ&tion of the Chaiity and enable them to ensu that the financtal Statents compty wlh the Charlts Act 2011. They are also reSpOnsb for safeguardlrmj the assets of the Charity and for tsklrvJ rea50nable step5 for preventton and detectNJn of fraud and other irregularitE& Acknowledgement The Trusteas extend thelr wamiest thanks to all slaf and voluntews for thelr excelent work durng the year. We thank all th0 wlx) farthfully serve Lord through the Urch in al ts miniy. The Church God s peopk Into mlssion to our local community and to the nations of the through prayer and servKe. Above all we thank our G(xl. Father of the Lord Jesus Ch, for Ht5 faithful55 to those wlK)m He has old. IÉ 110 /.35.......................... The flnanclal siemerts vme 4Jproved by knTd of Tn&ees on ._.. ........... ... . signed on ts iEhalf by.. and were N. Shearer S Gllbert
Ind•p¢ndenl Exarnln4T'6 Rewrt to th• YNst••s of Th• Cotort Gr••n Eviny•llcal Fra• Churth Pjnd rndop•Trd•nt u•mln•r'• to th• try•l••• olflrton Gr••A E¥•bw•llc•l Fr•• Churth I rtrptirt tD the thanty INSt cffl my ex1nth ofthe accounts ¢1 the Cokn Gr¢en,EvWlul Fr¢ thurch (tho Trust) th• r erwjed 31 December 2024. R•ipoftslblllllH •nd ol T•P•rt ihe thanty iitstees of the TrpJ5t are lor the pr¥rnOcffl rAthe 4c¢ounts In 4c(wthrKe ¥vtth the ol the ants"¢$ 2011 I'tl Acti. I report In resrd ofrny exWTI0n dthe frnsf5 carnej out ton 145 of the Att and In t¥j I havo fdh)YMd all applKable D¥Kiknns th• tharfty CmOn unth secuon 145(5XlJl ol A¢f. Xnd•p•nd•nt •x•rnln•r'6 rt•t•m•nt I hJve (omkkn eAamlftkn. I confim Ihat no rn•tt4Th com to atntth In COMqcty¢n rne to bÉlleve In •ry merlDI resi., l. kownttnq rtterds w•r• rt lfi reyct clth• Tnmt M wulfwl ty 130 01 Ih P4, 2. Th• KteAXKX IS) rx 4cmrd hllh tINx• r•cor: ar 3. Tho Jc[ do not comply the app1ki• rwirémerti concernlr8 tr lorm and L)Mlenl of affjounts sei In the awrrtles Ikcounts and Reports) R4ulifiryTh 2008 othw than any requlr•mw that the rts a th• •NI falr vw wlh Is rnt a matt condered of •n h)WeM1nth. L Ve Th) •TrJ hiv•axn• acrom no nwltern In connth vllh the ewarNnJv to attentson slwkl b• drnwn In P•l•ml Mui•ff•r FCCA Saw Ac(fJJnllnq Ltd 19 Ltsmor*J ao Tambvc St•llordthre B798 P4y8
The Coton Grnen Evangellol Free Churth Trust Fund statement of Finala[ Artivitses for the Year Ended 31 December 2024 2024 2023 fund Tolal rtd$ Total funds INCOME AND ENDOWMEfiTs FRO14 D)na¥ons and legacies 201937 159 6Z592 Charltsbte actmtles 224T20 1,643 434.301 224720 20L Other ItKOn Totsl 33 264.205 EXPENDrnIRE ON Totsl 352,040 35W> 387,885 224,508 SURPLLE I IDEFI(Tr) 81261 123.687) S874 39,697 TRMSFER OF FUNDS Totsl furknls bmujht forward I,(]84 24.223 L627.607 ¥587.910 TOTAL FUNDS CARRIED FORWARD 1.685.6$5 1,627,607
The Coton Gmen Evangellcal Free Churth Trust Fund Balance Sheet At 31 December 2024 2024 2023 Total fvnds fund Tangible assds I,642,}5 ¥64I905 1,553,296 CURREiifASSErs io 21,3 36,921 57,924 21,(M)3 37.319 58.321 ,721 Cash at and In hd 90,186 CREDrroAS Ajnounts falKwJ due thin one ye li (156} C15.046} (15,875) NEr aiRREprrAssErs 42,878 43B76 74,311 1,68&181 1.627,607 I,S85,783 1,686,181 1,627,607 FUNDS 14 I,E*85,783 398 1.604,013 TOTAL FUNDS 1.627,607 wwe ggnul on ts bthlf ty: S Gllbert Page 10
l AccoupifiNG POUCIES Basls of preparlng the financial statements The financial statements of the charity. whtch ts a public b)efit entty under FRS 102, hwe been prepared In accordan with the Charitie5 SORP (FRS 102) 'Accountir¥J and Reporting by Ctkirities.. Statement of Recommend Pract1 appllcable to charltles prpparlng thelr accounts in &cordants with the Ftharthl Reportir¥J StaThlard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015),, nancial ReportirKJ Stsndard 102 The Financial Reporttng Standard applicable In the UK and RewblK of IrelaNI' and Charitles Act 2011. The financial 51aternents have been prepared under the hi5torthl cost CTrention Mth the exception of investments whlch are Ir1 at market value. Incomlng resour JI IrKomlng resour5 are Induded In the Slatement of nala1 Jttlvities {sIA) the charfty is legalty entitled to the income after ary Performan conditions have been met aryj the aTh)unt can be quantified with reosonabte accuracy and it is considered prObae that the income wil be rffelved. Grarts receivable Grants receable are CredIt to StstenEnt of Flnandal LtM (SOFA) when tt thartty has entttlement, It Is probable that the Iorne will be received. a1 the aUnt can LE rneagjred reliably. If entrtlernent is not met th these anounts are deferred. l expenditure is accoun1 foT on an (ru basis and has Ixn classif1 uNler h&¥lngs that agjrepts all cOS rekted to the categ. Ex[e is categori1 under the followi h&lIng . . Oorltable thues Indle church and mlrkny rela1 of the ctOn Centre Cther èxpenditure represents items not fairing in the Cat above. Support costs allocatlons Suwort Costs are those that asslst the work of the ctrwity Ixrt do not dire£t5y represent charitable activltles. Tl include Offi costs• govern and pr(ts9 Sery1 Tlw ae IILKIed directy support rA e%pendlture on the obhxts the charlty. Where costs (annot trR dlredly attrIbed to partkular h&ithngs they have teen alkncknj to Ktivitse5 on a knis Corit with use of the reywrce& Tangible fixed assets Tangible fixed assets are at cost le55 depreciatv) DepreCian is calculated to write off the cost of the fixed &t over its Useful 1C lrfe. The depreciation nRthod and rte Lsed are: _ Freknld land Freel][d iIkfIng5 NI-Tr truth C(n9dwthattt residual Yalue cl the freehold kIN19 Is eqL&41 to EquIpnt 33.3Yh strawJM IiAe bo95 25% bnce b Freelbjtd land and buildiThJs aTe subject to an annual ImlmTrt revkn by the tn Taxation Funds accounting Furttls l*kl thaiity are: . Page 11
ACCOUNTING POLICIES continued Operating leases Rentsls paid under operating l&ises are dwged to the Statement of FlnarKAal Athe5 on a stright line basis over the term of the lease. pelOn costs and other post.retlremert beneffts The charity operates a defined contdbutbn pengon $dn. Contributlons to the chariws pension scheme are charj to the Ststement of financial Activities in the to which they relate. Judgements and key sources of esumatlon uncertalrty The following judgrnents have been made in the process of apptyirvj the untI3 pollcles th have had the most $nffiCant effect on anTh)unts recognisal in nancIal Statewts. Resldual value of the fthld prop There are no key sources of estimation uKertalrty that Iwve a signfthnt risk rf cag material JusDent to the Cang amounts of assets aKI liabffittes within the next fiTharK1 y 2024 2023 Total 2 DONATtONS AND LEGACIES Offerings and gifts Covenarted gifts and grft ad (aft Akl Small Cash Dorhkn Grants .452 105,814 1.671 5.159 101.611 105,814 1,671 32,612 27,980 2,OCK) 62,592 203.937 12.159 216.OJ6 3 CHARrrABLE ACllVThY INCOME General 2024 2023 The Cth Centre {5ee note 5) 228.720 228.720 228,no 228,720 201,51 201,580 4 INDIRECW SUPPORT C5 Geft¢ral 2024 2023 FETran cost DeprecHbon Legal & wofesslonal IT l Media Photocr lease lndqtht examinat¥)n fee 1.027 3,578 5.857 1.027 2,713 4,184 5,857 1,285 2.760 16,376 1285 2.760 16J76 3.178 2,160 14,718 Page 12
5 CHARrrABLE EXPENDMIRE 2024 Total 2023 General Resblcted Total Teaching & ministry 5.973 3,415 1.122 3566
16 639 5,973 3,415 1.122 3,566 2,616 639 7,125 1,070 3,537 931 ITr7 733 Church events Sundry eypenditure Sutscrirtions Stsff Chrlsbnas g11thS MissiLM)s bJard Coton ntre (see bekx) BuikfiThJ repair and mntenan 217.023 ioiJio 335.664 16,376 352,040 217.023 131,506 371.510 16.376 387,885 173204 I92 209,789 14,718 224,508 30.196 35,846 Indlrect costs (see NAe 4) 35M6 The Coton Centre 2024 Totsl 2023 Total fncom pre-(x)I. LEA govemment fundlng and playgroup income Stsy and Plwi Income Lettirpjs induding catering 171,036 18.413 171,036 18.413 133,738 21fi98 IR18 228,720 228,720 201, Expendlture Purchases of mrlaWrourceS Salarles Heat arbj Ilght 3,471 135,712 15,189 I7763 15,452 15,452 In5urarKe Cleaning a1 fflairten 5,592 li 4,226 217.023 217.023 173.204 Surplu51 (Defiat) 11,697 11,697 28,376 Page 13
6 sfAFF cosrs 2024 Total 2023 Total Wages and sakiries Sodal securty 170,675 134,499 1,213 1,070 136,782 3,415 180.778 The average numbw of 8Y¥Aoyees during the year (full.time basts>" 7 TRUSTEES AND MANAGEMENT PERSONNEL REMUNERATION AND EXPENSES The Tru5tee5 hove not receiveil nor waived rernuratK ¢xpen5e5 thrirvJ the year (2023: 11). The total amount of empknee benefts (salary and pertsion) receiwj by key rnaragont personnel is £Nil (2023: Nil). RelmburserrRnt of tra1 expenses for W management totslled £NI (2023: £NII). 8 COMPARATIVES FOR THE sfATEMEKf OF FINANCIAL AcrIvrn 2023 2023 2023 Fu Totsl Fund INCOME AND ENDOWMEpifs FROM Donations and kgactes 57,562 62,592 Charitsble activities Chariiable activittes 201. 201,580 33 33 Total EXPENDITURE ON Chartlable knities Totsl 203.785 55.39J 20.722 (15.693) 224,508 39,697 NEf INCOME I (DEFzcrr) Tots] fuTrJs brought forward TOTAL FUNDS CARRIED FORWARD 1,547,994 39,916 1,587,910 Pa8e 14
9 TANGIBLE FIXED ASSErs Frethold Plant & Computer property fixtures equlpment Totals cosr At l January 2024 Additions Iy8,090 88,478 Ifi3668 84.510 4,710 7.343 1,639,943 93,188 1,733,131 At 31 December 2024 7243 DEPRECIATION At l January 2024 Charge for year At 31 December 2024 ,770 2,112 5Tr7 1,466 743 86,fA7 3,578 90,225 NEf BOOK VALUE At 31 December 2024 1.636.568 6,337 1,642,905 At 31 Dlber 2023 1553 296 10 DEBTORS: AMOUNTS FALUNG DUE WrnIIN ONE YEAR 2024 2023 21,003 21,003 11721 12,721 11 CREDrroRS: AMOUKTS FALLING DUE WtrHIN ONE YEAR 2024 2023 Trade creditors Taxation and socral svrIty l]her creditq)rs 7202 4.950 15,046 5,877 7.598 15,875 12 ANALYSIS OF FUtIDS Analysls of funds 3L112024 31.IZ2024 31.112024 1.642.90S 4278 1,685,7 Restri funds 1,642,905 43,276 1,686,181 15
13 OPERATING LEASE COMMm4ENTS At 31 Dember 2024 the dwty had Th) fuiure ffinimum pants undeT Tr)n-cancellable oyaung leases (2023: ni 14 MOVEP4Epif IN FUNDS Incorning I)goi 01.01.20Z4 liesourcos Resources Translevs At 31.12.2024 General Pwpose Fund I,fA)4,585 434?01 {352.r>i0 1,686,847 Deslgnated fmds MLsslons fund (572} (572) 5,159 5.159 (S50) (5,650) {1,063) (1,063) Total dasigmated fundg Total n51rk fvnds 1,604,013 439,460 I357,6) 1,685,783 (265) 2,0(M) (1.735) (6,000) (22,461} (30.196) ant ItKO Building furKI Total resltlcted funds 22,461 Total fun 1,627,607 446,460 (387W5) 1,686,181 Page 16
15 PURPOSE OF FUNDS General Puipose Fund These are funds available for any purpose wkhln the church% d*ritsble objects at the dIellon of the board of Trustees. Designated Funds Misslons Board Fund This nd arises by a weekty transfer of 5% of church tithes in addith)n to specwlc gffts that are categotsgj under ti restrkted funds h&iding. The fund 15 administered by a Missions BoNd and is u1 to support mission5 in the These are gifts and grants recelved a Sr Pure and expeIltU Is IIKS restrlrted In Ilne wth the stated purp of the donor or grantor. Dewttidtion of a55ets from fund5 is charged thereto in the accounts. 16 RELATED PARTY DESQOSURES InfoThnation in reswl rf Related Trct)n$ and (xtslanding balae$ Is set out below: Donatton% without corKJitbns. received from Trustees. kEy management pe a1 other re]ated path5 totalbed £Nil (2023: £Nil) inclu%ve of gift aid tax T0verable. Pa8e 17
Detslled Statement of Flmndal Actlvltles for the Year Ended 31 December 2024 INCOME AND ENDOWMErirs Donations and legacies Qyferings and gi Covenanted gifts and gift aKI GFft Atd Small Cash DoTratknns Grants 2024 2023 101,611 los14 1671 32,612 27,980 2,000 62,592 216,096 Charjtsble actlvitles The Coton Centre 228,nO 228.720 201,580 201,580 Other income other income Total incoming resouKes EXPENDrnIRE 1,643 33 264,205 Wages Social security penTh Staff Chri5bna5 giftslbenefts 170,675 134,499 1.213 1.070 733 4,226 15,189 3,289 931 3,537 3,415 5592 15,452 Ught and h&it Sundries Church events expenditire Mwors lJ)ard and other m15skn donauons Prfrthl and nursery cc6ts and Media Legal and wofesstonal fees aean and mainten&Ke SubsCriPtKif6 Teachlng al ministry Bank chge$ Accountancy fees Pt(0p1er lease Buikllng repalr and mallttenar DeEKecialion of tsngitrAe fixed a5*ts 1.122 5fi50 3,471 1,7 4,184 11,316 1,397 7,125 11,580 2K>16 5,973 1,027 2,7rf1 2,160 3,178 19,392 2,713 224.508 131,506 3.578 Net Surplus / Ideficit) 58,574 39,697 Page 18