THE HILLS CHURCH LTD ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2024 Company Registration Niimber: Nl 648296 Charities Registration Number: NIC 108616
THE HILLS CHURCH LTD ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2024 CONTENTS Pages Report of the Trustees Independent Examiners Report Statement of Financial Activities (incorporating income and expenditure account) Statement of Financial PositionlBalance Sheet Notes to the financial statements 10- 16
THE HILLS CHURCH LTD REPORT OF THE DIRECTORS (INCORPORATINC TRUSTEES, REPORT) The Director5 (who are also the trustees) are pleased to present their annual report together witli the financial statements of the charity for the year ending 31 st December 2024, which are prepared to meet the requirements for a directors, report and accounts for Companies Act purposes. The directors have adopted the provisions of the Companies Act ?006 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (Charities SORP - FRS102). in preparing the annual report and financial statements of the charity. Reference and administrative details Registered charity name: Company registration number: Charity Commission Registration Number: NIC 108616 (registered 18th March 2022) HMRC Charity Reference: NI 01105 Principal office and registered office: The Hills Church Ltd N1648296 Ebrington Centre, Glenderniott Road, Londonderry, BT47 6BG Directors and Trustee5 of the Company The directors who held office during the period were as follows: Mr Andrew Garnble Mrs Victoria Gamble Mr John Gamble Mr Henry Mccrory Rev John Ashe (resigned 0410412024) Mr David Beck (appointed 0510412024). Structure, governance and management The Hills Church Ltd was incorporated on 27th September 2017. It is currently managed by the trustees and all decisions are passed by a majority vote at their regular twstee meetings. The Company is a charity limited by guarantee without share capital. The company is governed by its Mernorandum and Articles of Association. In the event of the Company being wound up Members are required to contribute an arnount not exceeding £1. The Board is responsible for the overall governance of the Company and is actively involved in the day to day management of the organisation. Directors are appointed in line with the Memorandum & Articles of Association of the company. The Board of Directors are also known as Trustees for the purposes of the Charity Commission. Risk maThageTtJent The trustees have assessed the major risks to which the CompaJ]y is exposed, in particular those related to the operations and finances of the Company, and are satisfied that systems are in place to mitigate the exposure to major risks. Risks identified, such as the financial viability and sustainability of the charitable company, have been reviewed to ensure that a level of funding is maintained that is necessary for the charitable company to continue to meet its objectives. Internal risks are minimised by the implernentation of company policies such as the policy on financial controls, which require the authorisation of all transactions at the regular trustee meelings and segregation of duties where possible. The directors have conducted a review of the major risks to which ihe charity is exposed. Financial risk is reviewed on a monthly basis having due regard to ongoing income and expenses.
THE HILLS CHURCH LTD REPORT OF THE DIRECTORS (INCORPORATING TRUSTEES, REPORT) Continued Objectives and Activities {and how they deliver public benefit) The Church's objects are specifically restricted to the promotion and advancement of the Christian faith, the advancement of education. the relief of poverty, sickness, hardship and distress and the promotion of the beneFIt of the inhabitants in the North West area of Northern Ireland primarily and in any other part of the world as the directors may think fit ("hereinafter called the 'area of benefit") without distinction of age, gender, disability/ability, race. ethnic origin, political, religious or other opinion with the objective of improving the ondttions of life for the said inhabitants and in particular.. (a) to advance the Christian faith and promote Christianity in such ways and in such areas as the Directors from time to time may think fiL and in particularly but not exclusively through the provision of preaching, the distribution of Christian literature and the education of people in the area of benefit through evangelism and the provision of biblically based teaching, discipleship training meetings, bible studies and social activities- (b) to train Leaders and Pastors and volunteers SO that they rnay work on projects promoled by the Church in the area of benefit- (c) to train Christians so that they may seek to plant churches and to encourage new. and strengthen existing, partnerships with churches and evangelical groups in the area of benefit; (d) to relieve 5icknes5 and financial hardship and to promote and PTe5eTve good health by the provision of funds, goods or services of any kind, including through the provision of counselling and support in the area of benefit as the Directors may from time to tlme rnay think fit. The Hills Church ("the church") was established in Derry/Londondeny as a non-denominational evangelical church to cater for thc spiritual needs of the members and the local cornmunity by encouraging active participation within the Community based on biblical principles foT life and to unite an inter-faith area. The main objective is to advance the Christian faith for the benefit of the public. The basis of this faith is found in the Holy Bible. The church believes that mission is the focal point of the Gospel and that Mission should be a key element in the life of Christians. As a consequence of this, the objects of the church also span the relief of poverty. sickness, hardship and distress and the promotion of the benefit of the inhabitants in the North West area of Northern Ireland primarily and in any other part of the world as the Directors may think fit. The church has a busy schedule of Sunday services and midweek meetings. All the services are open to the public. The Church also seeks to reach out and offer services to meet the wider needs of the community, for the public benefit. Amongst other things, it is hoped that these activities will include youth groups, Sunday schools and summer schemes. The Church also supports other charitable organisations involved in missÈonary work and relief of povety overseas. The church carries out a wide range of services that as515t local charities. It's the aim of the church to fund all activities. The Church seeks to advance the Christian faith and promote Christianity in such ways and in such areas as the Committee may from time to time may think fit, and in particularly but not exclusively through the provision of preaching, distribution of Christian literature and the education of people in the area of benefit through the provision of biblically based teaching, meetings. bible studies and social activities. Our aim and objectives are to be a Christian chuich consistÉng of all the values according to the New Testament.
THE HILLS CHURCH LTD REPORT OF THE DIRECTORS (INCORPORATINC TRUSTEES, REPORT) Continued Public Benefit The Hills Church Itd strives to ensure that they provide public benefit. Public benefit is at the heart of what it means to be a charity. To achieve this objective, The Flills Church Ltd Meets the following purposes: Pury705e (a) - The direct benefit from this purpose is the provision of instruction and encouragement on living a moral and law abiding lifestyle. The benefit will be demonstrated by the growth of attendance and through feedback from bcneficiaries via comments on social media, emails, verbal approbatton frotn community representatives and positive feedback from local council and funding bodies. To our knowledge this purpose wtll not lead to any harm but if such occuis it will be far outweighed by the benefit. The beneficiaries are regular attendees of The Hills Church Ltd (adults, children and the aged) and inhabitants of the DerrylLondonderry area and all others who wish to attend our meetings. We have identified no private benefit tlowing from this purpose. Purpose (b) - The diTect benefit from tliis purpose is that those attending any of our services or events will be able to avail of help, support and assistance from well-trained people well able to meet their practical, emotional and spiritual needs. This benefit will be demonstrated by the ability of those trained to be able to effectively assume positions of leadership and responsibility and that the public will be aided and PTOte¢ted. Records will exist as people cornplete training in areas such as child protection and leadership d¢velopment. To our knowledge this purpose will not lead to any harm but if such occurs it will be far outweighed by the benefit. The beneficiaries are those being trained but also the wider public (adults and children) who will benefit from the availability of trained persons at our regular meetings and large public events. Private benefit from this purpose may be that training provided may also be of use outside of the charity situation but this is incidental. Purpose (c) - The direct benefit from this purpose 15 the promotion of good relations with other similar organisatÈons and the strengthening of partnerships to contribute to and tap into a larger wealth of experience and ski115 with which to assist the community. In training members to plant new churches we will provide new opportunities for advancement of moral standards. This benefit will be demonstrated by the planting of other churches and by good relations and co-operation with other churches and groups. To our knowledge this purpose will not lead to any harni but if such occurs it will be far outweighed by the benefit. The beneficiaries are local. national and multi-national individuals, communities and organisations. There may be slight benefRt to some relating to resources now available to theTn through charity contacts, but this is incidental. Purpose (d) - Direct benefit from this purpose is the welfare and well-being of the public will be enhanced and improved by services provided by the charity. For example, free events which enable those in financial difficulty to attend, giveaway of hampers. gift home heating oil al Christmas and various times throughout the year. and the intended establishment of a regular prayer service. Also, the futUTe establishment of a hardship fund to help those in need. The benefit will be demonstrated by regularly held free public events. endorsed and part funded by local council, large quantities of provisions distributed via Christmas hampers and, positive feedback from beneficiaries. We have been unable to identify any hann flowing from this benefit. The beneficiaries are primarily adults and children in the DenylLoDdondeTry area but it is probable that people from further a-field will also visit to avail of our events and services, a5 there are no geographical restrictions. Private benefit may occur during training whereby the person may avail of counsellingJ services themselves during the training process but this benefit is incidental and necessary to properly equip the person being trained. No harn arises from the organisations puoSeS. We reach out to all COTnmunities and cultures in Dery/Londonderry and the wider North West region. Our primary beneficiaries are our congregation and the public who attend our free events. The beneficiaries range in age from birth to the elderly including people from the protestant and catholic comrnunities and people froTn different ethnic minority backgrounds. Other beneficiaries are disadvantaged Struggling families who receive support in various forms including food hampers, pastoral care, support towards horne heating costs, gifts for children at Christmas and other times throughout the year. No private benefit arises from the organisations purposes.
THE HILLS CHURCH LTD REPORT OF THE DIRECTORS (INCORPORATING TRUSTEES, REPORT) Continued Financial review and funds policy The company is a non profit making entity. During the year the charity received income totalling £?33,943 and had expenditure of £202.257, so recorded a surplus of £31,686 for the year. The directors expect the charity to report an overall surplus in the incoming year. The principal ndIng source of The Hills Church Ltd is from freewill offerings given at church services and by online giving. The directors consider it prudent to hold monies in reserve in the event that unforeseen circumstances may arise that could lead to financial difficulties which might pul its future into jeopardy. At the year end the charity had £37.125 of cash funds to meet the continuing running costs of the company. The directors have exarnined the charity's requirements for reserves taking into account the risks that they have recognised. The reserves policy requires that reserves are maintained at a level which ensures that the core activity of the company could continue during a period of unforeseen difficulty. The company plans to continue its activities in the torthcoming years. Funds held as custodian trustee on behaifof others The charity does not hold any funds on behalf of others. Small companies provision statement This report has been prepared in accordance with the special provisions relating to compaT]ie5 subject to the srnall companie5 regime within Part 15 of the Companies Act 2006. Statement of directors. responsibilities The diTectors (who are the trnstees of The Hills Church Ltd) are responsible for preparing the directOTS' report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare finoncial statements for each financial year. Under that law the directors have prepared the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under Company law the directors must not approve the financial statements unless they are satisfied that they give a te and fair view of the state of affairs of the charitable company and of the incoming resources and applicatton of resources, including income and exp¢nditure for that period. In preparing these financial statements, the directors are required to: select suitable accounting policies and apply them consistently. observe the methods and principle5 in the Charities SORP-FRSIO2. make judgements and accounting estimates that are reasonable and prudent. state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained ill the financial statement. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to sliow and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
THE HILLS CHURCH LTD REPORT OF THE DIRECTORS (INCORPORATING TRUSTEES, REPORT) Continued In the case of each director in office at the date the Directors, Report is approved: so far as the director is aware, there is no relevant accounts infomation of which the charity's independent examiners are unaware. and they have taken all the steps that they ought to have taken as a director in order to make themselves aware of any relevant accounts infonnation and to establish that the charitable company's independent examiners are aware of that infomiation. Approved by the Board on 26th September 2025 and signed on its behalf by: Andrew Gamble Victoria Gamble John Gamble
INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF THE HILLS CHURCH LTD I report on the accounts of the company for the year ended 31 st December 2024, which are set out on pages 8 to 16. Respective responsibilities of trustee5 and examiner The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 65(2) of the Charities Act (Northern Ireland) 2008 (the Charities ALt) and that an independent examination is needed. The charity is required by company law to prepare accrued accounts and l am qualified to undertake the examination by being a member of the Institute of Financial Accountants. Having satisfied myself that the charity is not subject to audit undor company law and is eligible for independent examination. it is my responsibility to.. examine the accounts under section 65 of the Charities Act follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act state whether particular matters have come to my attention. Basis of independent examiner's report I have exornined your charity accounts &$ required under Section 65 of the Charittes Act and my examtnation was carried out in accordance with the general directions given by the Charity Commission for Northern Ireland under section 65 (9) of the Charities Act. The examination included a review of the accounting records kept by the harity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe: The accounting records were Mot kept as required by section 63 of the Charities Act. 2. That the accounts do not accord with those accounting records. 3. That the accounts do not comply with the accounting requirements of the Cornpanies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance witli the Financial Reporting Standard applicablc in the UK and Republic of Ireland. 4. That there is further infonnation needed for a proper understanding of the accounts to be reached. Independent examiner's statement I have completed an independent examination and have no concerns in respect of matters (l ) to (4) above, and in connection with following the directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. Mr lan Johnston (A.F.A.) For and on behalf of Stevenson and Wilson Chartered Accountants 22 - 30 Broadway Avenue Ballyrnena BT43 7AA Date 26th September 2025
THE HILLS CHURCH LTD STATEMENT OF FINANCIAL ACTIVETIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31st DECEMBER 2024 Unrestricted Restrieted Endown)ent Funds Funds Funds Total Total 2024 2024 2024 2024 2023 Incoming resources Note Donations received Other income 227,781 1,092 5,070 232.851 1,092 125,504 13,875 Total income 228,873 5,070 233,943 139,379 Resources expended Charitable activities 197,377 4,880 202,257 153,661 Total expenditure 197,377 4.880 202,257 153,661 Net incomel(expendilure) before Transfers 31,496 190 31,686 (14,282) Transfers between funds 31,496 190 31,686 (14,282) Reconciliation of funds.. Total funds brought fonvard 45.205 45,205 59,487 Total funds Caled forward 76.701 190 76,891 45,205 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derives from continuing activities. The notes on pages 10 to 16 fonn part of these financial statements
THE HILLS CHURCH LTD STATEMENT OF FINANCIAL POSITION I BALANCE SHEET AS AT 31st DECEMBER 2024 Note 2023 2022 Fixed assets Tangible fixed assets Intangible fixed assets 37,715 27.173 Total fixed assets 37,715 27,173 Current 8ssets Debtors Cash at bank 6.854 37,125 1,462 24,508 Total current assets 43,979 25,970 CreditOTS- arnounts falling due within one year 10 4,803 7,938 Total creditors 4,803 7.938 Total net current assets 39,176 18,032 Total net assets 76,891 45.205 Unrestricted funds General funds 12 76.701 45,205 Total unrestrieted funds Restricted funds Endowment funds 76,701 190 45,205 12 12 Totsl charity funds 76,891 45,205 The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies" regime under The Companies Act 2006 and with Charities SORP-FRS102. The notes on pages 10 to 16 are an integral part of these financial statements. The financial statements on pages 8 to 16 were approved by the Board of Trustees on 26th September 2025 and signed on its behalf by.. Andrew Gamble Victoria Gamble John Gamble Date 26th September 2025 The notes OT] pages l O to 16 forni part of these financial statements
THE HILLS CHURCH LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2024 l. Company information The Company is limited by guarantee and is incorporated in Northern Ireland. The address of the registered office is Ebrington Centre, Glendermot Road, Londondeny, BT47 6BG. The financial statements were authorised for issue by the Board on 26th Septetnber 2025. 2. Accounting policies The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows: Basis of preparation The financial statements have been prepared on a going concern basis in accordance with 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 Jrcland {FRS 102) (Charities SORP (FRS 102)). the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The charity rneets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical c05t and transaction value LEnless otherwise stated in the relevant accounting policy note(s). Preparation of accounts on a going concern basis The charity generally meets its day to day working capital requirements from its annual income. The Trustees have obtained and reviewed cash fiow forecasts for the Corning year and based on these are satisfied that the charity has resoui'ces to provide a reasonable expectation that it can continue to meet its financial obligations as they fall due for the foreseeable future. Therefore these financial statements have been prepared on a going concern basis. Incoming resources Donations received cornprises all cash receivable for the accounting period, including any related tax recoverable under Gift Aid. Resources expended Resources expended are recognised in the period in which they are incurred. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services to its beneficiaries. Et includes both costs that can be allocated diTectly to such activities and those costs of an indirect nature necessary to support them. Tangible assets The tangible assets of the charity Comprise of equipment. sound equipment and website. Equipment is depreciated at a rate calculated to reduce it to residual value at the end of its expected nonnal life on a straight line basis at a rdte of 20 % per annuin. Sound equipment is depreciated at a rate calculated to reduce it to residual value at the end of its exp¢cted nornial life on a Straight line basis at a rate of l O % per annum. 10
THE HILLS CHURCH LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2024 (continued) Aecounting policies (continued) Website is depreciated at a rate calculated to reduce it to Tesidual vallle at the end of its expected nonnal life on a straight line basis at a rate of IOO/o per annum. The assets. residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively. Tangible assets are derecognised on disposal or when no future economic benefits are expected. On disposal. the difference between the new disposal proceeds and the carrying amount is recognised in the 5taternent of financial activities and included in "olher operating gains/(losses)" Cash and cash equivalents Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-tenn highly liquid investments with original maturities of three months or less and bank overdrafts. Financial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instrnments. Basic financial instruments are initially recognised at transaction price and Subsequently measured at their settlement value. Funds Funds are cl&ssified as either unrestricted funds, restricted or endowment fvnds. defined as follows. Unrestricted funds are expendable at the discretion of the trustees in furtherance of the objects of the charity. If parts of the unrestricted funds are eannarkcd at the discretion of the trustees for a particular purpose, they are designated as a sepdrate fund. This designation has an administrative purpose only and does nol legally restrict the trustees, discretion to apply the fund. Restricted funds are funds subject to specific requirements as to their use which may be declared by the donor or with their authority or created through lcgal processes, but still within the wider objects of the charity. Endowrnent funds are funds which have been given on the condition that the original capital sum is not reduced. but th¢ income there from is used for the purpose defined in accordance with the objects of the charity. Critie81 aecounting judgements and estimation uncertainty Estimates and judgments rnade in the process of preparing the financial statements are continually evaluated and are based on historical experience and other factors. including expectations of future events that are believed to be reasonable under the circumstances. The Trustees do not consider that there are any critical judgments made in applying the Company's accounting policies or that there are any critical accounting estimates or assumptions which may have a significant risk of causing a material adjustment to carying arnounts of assets and liabilities within the next financial year.
THE HILLS CHURCH LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2024 (continued) 3. Donations received Unrestricted Funds Restricted Funds Endowment Funds Total Total 2024 2024 2024 2024 2023 Offerings and tithes Gifts Tax recovered on donations Christmas Appeal 155,122 54,078 18,581 155,122 54,078 19,083 4,568 83.957 30,640 10,907 502 4,568 227,781 5,070 232.851 125,504 4. Other income Unrestricted Funds Restricted Funds Endowment Funds Totsl Total 2024 2024 2024 2024 2023 Sundry income 1,092 1,092 13.875 1,092 1,092 13.875 12
THE HILLS CHURCH LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2024 (continued} S. Analysis of Expenditure Unrestricted Funds Restricted Funds Endowment Funds Total Total 2024 2024 2024 2024 2023 Charitable activities Wages Mission and generosity Guest speakers Travel expenses Rent Heat and light Sunday catering Sunday expenses TeaTn and conference expenses Publicity, fliers and stationery Telephone Fees, subscriptions and charges Visual and sound expenses Special event expeTtses Outreach event expenses Team expenses Hospitality Depreciation Governance costs Computer and website expenses Pastordl care Kids Ministy Insurance Repairs and maintenance Office expenses Other expenses 69,606 7,861 1,690 14,077 20,938 4,983 3,983 1,686 1,647 1,575 2,533 4,164 4,647 1,710 1,483 1,922 4,546 8,387 7,838 69,606 12,741 1,690 14,077 20,938 4,983 3,983 1,686 1,647 1,575 2,533 4,164 4,647 1,710 1,483 1,922 4,546 8J87 7,838 66,691 4,100 985 4,058 19,225 4,880 2.223 4,980 952 3.403 3,475 3,223 4,060 1,174 10,125 7,631 2,130 284 5.630 1,690 429 901 1,003 5,289 6,753 994 1,727 14,651 2,021 5,955 6,753 994 1,727 14,651 2,021 5,955 197J77 4,880 202,257 153,661 6. Taxation The charity ts recognised as a charity for the purposes of applicable taxation legislation and is therefore not subject to taxation on its charitable activities. 7. Analysis ofstaff costs, trustee remuneration and expenses, and the cost of key management personnel Employe 2024 2023 Salaries and wages 69,606 66,691 Total 69,606 66,691
THE HILLS CHURCH LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2024 (continued) The average number of employees during the year, was as follows: 2024 2023 Number Number Directors Others There are no employees in receipt of ernployee benefits iii exce55 of £60.000. During the year, Andrew and Victoria Gamble acted as the Church Pastors in addilion to their p051tion as a trustee. Their Pastor's ernoluments from the company were £61,603 (2023- £61,689). No other directors received any remuneration during the year. No trustee or a person related to a trustee had any personal interest in any conlract 01 transaction entered into by the charity during the year. Tangible fKxed assets Website Sound Equipment Totsl Cost At beginning of year Additions 7,087 27,245 20.996 18,929 55,328 18,929 At end of the year 7.087 27,245 39,925 74,257 Depreciation At beginning of year Depreciation 3,825 709 12,156 2.724 12,174 4,954 28,155 8,387 At end of the year 4,534 14,880 17,128 36,542 Net book value at end of the year 2,553 12,365 22.797 37,715 Net book value at beginning of the year 3,262 15,089 8,822 27,173 Debtors 2024 2023 Gift aid refund Other debtors 2,003 4,851 504 958 6,854 1,462 14
THE HILLS CHURCH LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2024 (continued) 10. Creditors Amounts Due within l Year 2024 2023 Creditors Other creditors Accruals 4.855 1,43 1,740 1,209 3,594 4,803 7,938 11. Analysis of Net Assets Unrestricted General Unrestricted Designated Restricted Endoivment Total Fixed assets Current assets Current liabilities 37,715 43,789 (4,803) 37,715 43,979 {4,803) 190 Net assets at 31st December 2024 76,701 190 76,891 12. Funds of the Company At 1st January 2024 At 31st December 2024 Income Expenditure Transfers Endowment funds Restricted funds Christmas Appeal 5.070 (4,880) 190 5,070 (4.880) 190 Unrestricted funds General fund 45,205 45,205 228,873 228,873 (197,377) (197.377) 76,701 76.701 Total funds 45,205 233,943 {202257) 76,891 15
THE HILLS CHURCH LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31sl DECEMBER 2024 (continued) 13. Related party transactions During the year, Andrew and Vicloria Ganible acted as the Church Pastors in addition to his position as a trustee. Their Pastor's emoluments from the company were £61,603 {2023: £61,689). No other directors received any remuneration during the year. 15. Controlling party During the year The Hills Church Ltd was under the control of the Trustees (who are also the diTectors). 16