Charity registration number 1151736 (England and Wales)
Company registration number 08472181
EQUIPPERS CHURCH ESSEX
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
EQUIPPERS CHURCH ESSEX
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr B Roberts
Mr P Prothero
Mr M Collard
Charity number (England and Wales)
1151736
Company number
08472181
Registered office
61 Rouse Way
Colchester
Essex
CO1 2TT
Independent examiner
John Caladine FCCA CTA FCIE
Caladine Limited
Chantry House
22 Upperton Road
Eastbourne
East Sussex
BN21 1BF
EQUIPPERS CHURCH ESSEX
CONTENTS
Page
Trustees' report
1 - 3
Independent examiner's report
4
Statement of financial activities
5
Statement of financial position
6
Notes to the financial statements
7 - 18
EQUIPPERS CHURCH ESSEX
TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 1 -

The Trustees present their annual report and financial statements for the year ended 31 December 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Church's Memorandum and Articles of Association, the Companies Act 2006 and "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 2019)".

Objectives and activities

The purpose of Equippers Church Essex charitable company is to advance the Christian faith and to relieve suffering of those in need.

 

Equippers Church is a vibrant organisation, part of Acts Churches UK movement.

 

Below is a list of our principle activities:

 

- The provision of Christian events and education including Sunday Worship

- Community impact

- Financial support

Public benefit

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Church should undertake.

Achievements and performance
Significant activities and achievements against objectives

The vision of the charity is ‘to equip people for life through faith in Jesus Christ’. This is done primarily through Christian events and education. Teaching on the Christian faith is done both through regular Sunday meetings, online services and Connect groups. These activities are open to all.

 

This year the church has grown significantly, particularly with young adults and young families. We have seen many people find faith in Jesus Christ for the first time and get baptised as a public declaration of their faith.

 

Our gatherings are very diverse with people attending from many different backgrounds and cultures.

 

Sunday Services

Sunday gatherings comprise of worship, prayer, Bible teaching and social time. As more young families are joining the church, our children’s ministry provision has grown rapidly. The invitational culture within the church is very strong, we see new visitors every single week.

 

Online Services 

Our preaching from Sunday services is made available online via YouTube and Facebook. This facility attracts people from all over the world and we regularly receive feedback saying that this is helpful and encouraging. We also find that people often watch messages before coming to the church in person.

 

Connect Groups

Teaching the Christian faith is also done mid week through connect group. These are small groups of about 10 people that gather in peoples homes are on zoom. The groups have an interactive format where people can discuss life, share issues, support, encourage and pray for each other. 

 

 

 

EQUIPPERS CHURCH ESSEX
TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -

Churches Together

Equippers Church Essex is well integrated and stands in unity with other churches in Colchester. The Colchester churches together put on two events per year – the Free Family Fun Festival which creates a day out for families in the city free of charge. This event has become very popular with many thousands of people attending. The Colchester churches also join together at Pentecost for an evening service which has become very successful.

 

Community Impact

As part of serving the community, we provide pastoral support to the staff and guests of Beacon House the local charity supporting the homeless community.

 

We work closely with St James School where we meet on Sundays. We help with fundraising, school fetes and supporting families in need.

 

The church ‘Love In Action’ group meets regularly to discuss and plan ways where we can serve the local community in practical ways. Things we have done include gardening, house clearance, painting and decorating, food shopping and spending time with lonely people.

 

We have been able to buy Christmas gifts for families in Colchester who would otherwise have gone without.

 

This is just a snapshot of some of the things we have done as a church that make a difference to the community around us.

Financial Support

We continue to financially support four charities: Beacon House, IJM, Blue Print For All and Joseph‘s Store House.

 

The church financially supports two children via Compassion.

 

We have also been able to send money to support churches around the world as they impact their local communities.

 

Plans For the Future

Our mission and objectives will remain the same. We plan to continue helping people grow a personal relationship with God and see the church grow numerically and in impacting the local community.

 

Our strategy will continue to be meeting in person on Sundays as well as offering online services, with small groups during the week.

Financial review

The Church were able to report a growth in income in 2024 which resulted in a surplus after transfers of £19,732 (2023: £17,772) on general fund operations.

Reserves policy

It is the policy of the Church that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to at least three months operating expenditure calculated to be approximately £40,000. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Church’s current activities while consideration is given to ways in which additional funds may be raised. The unrestricted reserves held at the end of the year were below this level and the trustees will monitor this. The designated Impact funds could be used if required.

Major risks

The Trustees have assessed the major risks to which the Church is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The Church is a company limited by guarantee as defined by the Companies Act 2006. The Church is governed by its Memorandum and Articles of Association.

EQUIPPERS CHURCH ESSEX
TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -

The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

 

Mr B Roberts
Mr P Prothero
Mr M Collard
Recruitment and appointment of trustees

None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

The Trustees' report was approved by the Board of Trustees.

Mr B Roberts
Trustee
21 May 2025
EQUIPPERS CHURCH ESSEX
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF EQUIPPERS CHURCH ESSEX
- 4 -

I report to the Trustees on my examination of the financial statements of Equippers Church Essex (the Church) for the year ended 31 December 2024.

Responsibilities and basis of report

As the Trustees of the Church (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the financial statements of the Church are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the Church’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1

accounting records were not kept in respect of the Church as required by section 386 of the Companies Act 2006.

2

the financial statements do not accord with those records; or

3

the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or

4

the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

John Caladine FCCA CTA FCIE
Caladine Limited
Chantry House
22 Upperton Road
Eastbourne
East Sussex
BN21 1BF
21 May 2025
EQUIPPERS CHURCH ESSEX
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
Notes
£
£
£
£
£
£
Income and endowments from:
Donations and legacies
3
220,012
1,421
221,433
197,986
1,515
199,501
Investments
4
1,904
-
1,904
1,305
49
1,354
Other income
5
-
-
-
1,000
-
1,000
Total income
221,916
1,421
223,337
200,291
1,564
201,855
Expenditure on:
Charitable activities
6
201,584
1,442
203,026
179,583
3,851
183,434
Total expenditure
201,584
1,442
203,026
179,583
3,851
183,434
Net income/(expenditure)
20,332
(21)
20,311
20,708
(2,287)
18,421
Transfers between funds
17
(600)
600
-
(2,936)
2,936
-
Net movement in funds
9
19,732
579
20,311
17,772
649
18,421
Reconciliation of funds:
Fund balances at 1 January 2024
206,982
6,072
213,054
189,210
5,423
194,633
Fund balances at 31 December 2024
226,714
6,651
233,365
206,982
6,072
213,054

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

EQUIPPERS CHURCH ESSEX
STATEMENT OF FINANCIAL POSITION
AS AT
31 DECEMBER 2024
31 December 2024
- 6 -
2024
2023
Notes
£
£
£
£
Fixed assets
Property, plant and equipment
13
2,949
6,919
Current assets
Trade and other receivables
14
2,312
4,724
Cash at bank and in hand
229,904
202,971
232,216
207,695
Current liabilities
15
(1,800)
(1,560)
Net current assets
230,416
206,135
Total assets less current liabilities
233,365
213,054
The funds of the Church
Restricted income funds
17
6,651
6,072
Unrestricted funds
18
226,714
206,982
233,365
213,054

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2024.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 21 May 2025
Mr B  Roberts
Mr P  Prothero
Trustee
Trustee
Company registration number 08472181 (England and Wales)
EQUIPPERS CHURCH ESSEX
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
1
Accounting policies
Company information

Equippers Church Essex is a private company limited by guarantee incorporated in England and Wales. The registered office is 61 Rouse Way, Colchester, Essex, CO1 2TT.

1.1
Accounting convention

The financial statements have been prepared in accordance with the Church's Memorandum and Articles of Association, the Companies Act 2006 and "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 2019)". The Church is a Public Benefit Entity as defined by FRS 102.

 

The Church has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the Church. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the Church has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4
Income
Income is recognised when the Church is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the Church has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the Church has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
1.5
Expenditure

Liabilities are recognised when a constructive obligation exists, the payment is probable and the obligation can be measured or estimated reliably.

 

Resources expended are allocated to the particular cost centre to which they relate and include irrecoverable VAT.

EQUIPPERS CHURCH ESSEX
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies (Continued)
- 8 -
1.6
Property, plant and equipment

Fixtures, Fittings and Equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:

Fixtures, fittings and equipment
3 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

Assets costing below £750 are not capitalised.

1.7
Impairment of non-current assets

At each reporting end date, the Church reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The Church has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the Church's balance sheet when the Church becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

EQUIPPERS CHURCH ESSEX
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies (Continued)
- 9 -
Basic financial liabilities

Basic financial liabilities, including trade and other payables and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Church’s contractual obligations expire or are discharged or cancelled.

1.10
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the Church is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Critical accounting estimates and judgements

In the application of the Church’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

EQUIPPERS CHURCH ESSEX
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 10 -
3
Income from donations and legacies
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
Donations and gifts
220,012
1,421
221,433
197,986
1,515
199,501
Donations and gifts
Donations
161,711
1,283
162,994
143,675
1,495
145,170
Gift Aid recovered
27,132
138
27,270
24,197
20
24,217
Donations Impact Offerings
31,169
-
31,169
30,114
-
30,114
220,012
1,421
221,433
197,986
1,515
199,501
4
Income from investments
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
Interest receivable
1,904
-
1,904
1,305
49
1,354
5
Other income
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Sundry Income
-
1,000
EQUIPPERS CHURCH ESSEX
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 11 -
6
Expenditure on charitable activities
Charitable Activities
Charitable Activities
2024
2023
£
£
Direct costs
Staff costs
45,524
43,356
Levy
3,340
2,892
Impact offering other expenditure
16,202
3,661
Small items of equipment annd consumables
5,017
2,500
Church activities
25,408
10,388
Honorarium (guest ministries)
7,157
2,508
Travel, subsistence and accomodation
3,879
14,123
Rental of venues and manse
38,600
36,480
Books and bibles
281
628
Miscellaneous
39
42
Training
6,598
-
Childrens work leader
5,384
5,133
157,429
121,711
Grant funding of activities (see note 7)
16,061
25,010
Share of support and governance costs (see note 8)
Support
9,075
10,639
Governance
20,461
26,074
203,026
183,434
Analysis by fund
Unrestricted funds
201,584
179,583
Restricted funds
1,442
3,851
203,026
183,434
EQUIPPERS CHURCH ESSEX
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 12 -
7
Grants payable
Charitable Activities
Charitable Activities
2024
2023
£
£
Grants to institutions:
Compassion
1,189
1,004
IJM
3,376
3,851
Equippers Network International
3,000
3,000
Beacon House
2,100
2,100
Vision for Israel
2,100
2,100
Stephen Lawrence Charitable Fund
2,100
2,100
Other Equippers
-
1,475
Equippers Surrey (Shout)
-
3,000
Equippers Surrey-donation towards UK conference
-
3,000
13,865
21,630
Grants to individuals
2,196
3,380
16,061
25,010
EQUIPPERS CHURCH ESSEX
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 13 -
8
Support costs allocated to activities
2024
2023
£
£
Depreciation
6,367
7,514
Repairs and maintenance
-
106
Printing, postage and stationery
365
492
Telephone and internet
2,343
2,527
Governance costs
20,461
26,074
29,536
36,713
Analysed between:
Charitable Activities
29,536
36,713
2024
2023
Governance costs comprise:
£
£
Independent examination fees
680
560
Accountancy
1,360
1,120
Finance administration (including payroll)
6,755
6,480
Other administration
6,288
11,857
Bank charges
527
349
Subscriptions, licences and memberships
4,297
3,948
Insurance
554
1,760
20,461
26,074
9
Net movement in funds
2024
2023
£
£
The net movement in funds is stated after charging/(crediting):
Fees payable to the charity's independent examiner:
- for the independent examination of the charity's financial statements
680
560
- for tax advisory services
480
480
- for other financial services
1,360
1,120
Depreciation of owned property, plant and equipment
6,367
7,514
10
Trustees

Trustee Barry Roberts was paid a salary of £34,776 (2023: £33,120) and employer's pension contributions of £1,739 (2023: £1,656) for leadership of the Church.

 

He was also paid £12,600 (2023: £12,000) for accommodation and received expenses of £3,413 (2023: £1,513) for travel and mobile phone costs.

 

Donations to the church by Trustees, and their related parties, in the year was £12,040 (2023: £17,553).

EQUIPPERS CHURCH ESSEX
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 14 -
11
Employees

The average monthly number of employees during the year was:

2024
2023
Number
Number
2
2
Employment costs
2024
2023
£
£
Wages and salaries
43,785
41,700
Other pension costs
1,739
1,656
45,524
43,356
There were no employees whose annual remuneration was more than £60,000.

Key Management Personnel

Mr B Roberts is considered to be the Key Management Personnel for the Church and his remuneration details are as disclosed in note 10 to the Financial Statements.

12
Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

13
Property, plant and equipment
Fixtures, fittings and equipment
£
Cost
At 1 January 2024
36,260
Additions
2,396
At 31 December 2024
38,656
Depreciation and impairment
At 1 January 2024
29,340
Depreciation charged in the year
6,367
At 31 December 2024
35,707
Carrying amount
At 31 December 2024
2,949
At 31 December 2023
6,919
EQUIPPERS CHURCH ESSEX
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 15 -
14
Trade and other receivables
2024
2023
Amounts falling due within one year:
£
£
Other receivables
2,019
1,372
Prepayments and accrued income
293
3,352
2,312
4,724
15
Current liabilities
2024
2023
£
£
Accruals and deferred income
1,800
1,560
16
Retirement benefit schemes
2024
2023
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
1,739
1,656

The Church operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Church in an independently administered fund.

EQUIPPERS CHURCH ESSEX
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 16 -
17
Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 January 2024
Incoming resources
Resources expended
Transfers
At 31 December 2024
£
£
£
£
£
Buffer Account
1,485
-
-
-
1,485
IJM Ministries
152
1,421
(1,442)
-
131
Sabbatical Fund
4,435
-
-
600
5,035
6,072
1,421
(1,442)
600
6,651
Previous year:
At 1 January 2023
Incoming resources
Resources expended
Transfers
At 31 December 2023
£
£
£
£
£
Buffer Account
1,473
12
-
-
1,485
IJM Ministries
147
1,515
(3,851)
2,341
152
Sabbatical Fund
3,803
37
-
595
4,435
5,423
1,564
(3,851)
2,936
6,072

Buffer Fund

This fund includes welfare gifts and a gift from the Cinnamon Trust to fund educational lessons.

 

IJM Ministries

A fund to support the work of International Justice Mission.

 

Sabbatical Fund

This represents money put aside to fund the senior Pastor a future sabbatical.

 

Transfers were from the General fund to provide funds

EQUIPPERS CHURCH ESSEX
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 17 -
18
Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 January 2024
Incoming resources
Resources expended
Transfers
At 31 December 2024
£
£
£
£
£
Impact Offerings
155,594
34,457
(21,345)
(7,103)
161,603
General funds
51,388
187,459
(180,239)
6,503
65,111
206,982
221,916
(201,584)
(600)
226,714
Previous year:
At 1 January 2023
Incoming resources
Resources expended
Transfers
At 31 December 2023
£
£
£
£
£
Impact Offerings
152,744
34,457
(21,345)
(10,262)
155,594
General funds
36,466
165,834
(158,238)
7,326
51,388
189,210
200,291
(179,583)
(2,936)
206,982

This fund represents specific offerings for future, yet unidentified, projects and includes income deferred from earlier years.

EQUIPPERS CHURCH ESSEX
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 18 -
19
Analysis of net assets between funds
Unrestricted
Restricted
Total
funds
funds
2024
2024
2024
£
£
£
At 31 December 2024:
Property, plant and equipment
2,949
-
2,949
Current assets/(liabilities)
223,765
6,651
230,416
226,714
6,651
233,365
Unrestricted
Restricted
Total
funds
funds
2023
2023
2023
£
£
£
At 31 December 2023:
Property, plant and equipment
6,919
-
6,919
Current assets/(liabilities)
200,063
6,072
206,135
206,982
6,072
213,054
20
Financial commitments, guarantees and contingent liabilities

The Church has a rolling 1 month notice period on the manse lease for the pastor.

21
Related party transactions

Other related party transactions

Receipts of £220 (2023: £169 was paid) was received from P3 Consultants, a consultancy business of Trustee P Prothero.

 

Sarah Roberts, wife of Trustee Barry Roberts, was reimbursed £471 for mobile phone usage during the year (2023: £513).

 

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