## **Gloucester Community Church**
**Charity No. 1010032**
**Trustees' Report and Unaudited Accounts**
**31 December 2021**
**Gloucester Community Church Contents**
||Pages|
|---|---|
|Trustees' Annual Report|2 to 3|
|Independent Examiner's Report|4|
|Statement of Financial Activities|5|
|Balance Sheet|6|
|Statement of Cash flows|13|
|Notes to the Accounts|7 to 13|
|Detailed Statement of Financial Activities|14 to 15|
Page 1
**Gloucester Community Church Trustees Annual Report**
The trustees present their report with the unaudited financial statements of the charity for the year ended 31 December 2021.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Charity No. 1010032**
## **Principal Office**
St Luke's Stroud Road Gloucester GL1 5JR Address Line 5
## **Trustees**
The following trustees served during the year:
J. Bennett A. Clayfield S. Finney A. Shaw
## **Accountants**
Amstone Management Limited Powys Lodge 6 Court Road Strensham Worcestershire WR8 9LP
## **Bankers**
CAF Bank 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4TA
## **OBJECTIVES AND ACTIVITIES**
The advancement of the Christian Faith
The relief of persons who are in conditions of need, hardship or distress, or who are aged or sick The advancement of education on the basis of Christian principles
## **PLANS FOR FUTURE PERIODS**
There are no plans to make any significant changes in the activities
## **Statement of trustees' responsibilities in relation to the financial statements**
Page 2
**Gloucester Community Church Trustees Annual Report**
The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the charity's trustees
J. Bennett Trustee 28 September 2022
Page 3
**Gloucester Community Church Independent Examiners Report**
## **Independent Examiner's Report to the trustees of Gloucester Community Church**
I report to the trustees on my examination of the financial statements of Gloucester Community Church for the year ended 31 December 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes.
## **Responsibilities and basis of report**
As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011('the Act'). The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed.
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in, any material respect:
- the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
- the financial statements do not accord with those records; or
- the financial statements do not comply with the applicable requirements concerning the form and content of the financial statements set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Keith Day
FFA - Institute of Financial Accountants
Amstone Management Limited Powys Lodge 6 Court Road Strensham Worcestershire WR8 9LP 28 September 2022
Page 4
**Gloucester Community Church Statement of Financial Activities**
## **for the year ended 31 December 2021**
|**Notes**
**Income and endowments**
**from:**
Donations and legacies
3
Charitable activities
4
Other
5
**Total**
**Expenditure on:**
Pastoral and Mission
6
Charitable activities
7
Other
8
**Total**
Net gains on investments
**Net expenditure**
9
Transfers between funds
**Net expenditure before other**
**gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**||**Unrestricted**
**funds**|**Total funds**|**Total funds**|
|---|---|---|---|---|
|||**2021**|**2021**|**2020**|
|||**£**|**£**|**£**|
||||||
|||75,371|75,371|79,852|
|||9,008|9,008|13,641|
|||5|5|76|
|||84,384|84,384|93,569|
||||||
|||21,655|21,655|25,402|
|||5,951|5,951|11,501|
|||76,221|76,221|116,985|
|||103,827|103,827|153,888|
|||-|-|-|
|||(19,443)|(19,443)|(60,319)|
|||-|-|-|
|||(19,443)|(19,443)|(60,319)|
||||||
|||(19,443)|(19,443)|(60,319)|
||||||
|||422,504|422,504|482,823|
|||403,061|403,061|422,504|
||||||
||||||
||||||
Page 5
**Gloucester Community Church Balance Sheet**
## **at 31 December 2021**
|**Charity No. 1010032**
**Fixed assets**
Tangible assets
11
**Current assets**
Debtors
12
Cash at bank and in hand
**Creditors:**Amount falling due within one year
13
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset or liability**
**Total net assets**
**The funds of the charity**
**Unrestricted funds**
14
General funds
**Reserves**
14
**Total funds**|**2021**
**£**
343,182
343,182
13,038
47,893
60,931
(1,052)
59,879
403,061
403,061
403,061
403,061
403,061
403,061|**2020**
**£**
352,710|
|---|---|---|
|||352,710
15,516
55,329|
|||70,845
(1,051)|
|||69,794
422,504|
|||422,504|
|||422,504|
|||422,504|
|||422,504|
|||422,504|
Approved by the trustees on 28 September 2022
And signed on their behalf by:
J. Bennett Trustee 28 September 2022
Page 6
**Gloucester Community Church Notes to the Accounts**
## **for the year ended 31 December 2021**
- 1 **Accounting policies**
## **Basis of preparation**
The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **Income**
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
- Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
- Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
- Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 7
**Gloucester Community Church Notes to the Accounts**
## **Expenditure**
- Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
- Expenditure on These comprise the costs associated with attracting voluntary income, fundraising Pastoral and Mission trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and
- charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
- Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
- Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
- Other expenditure These are support costs not allocated to a particular activity.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Tangible fixed assets and depreciation**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
|useful life:||
|---|---|
|Freehold property|2% straight line|
|Plant and Equipment|10% straight line|
|Fixtures and fittings|10% straight line|
## **Freehold investment property**
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
## **Stocks**
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
## **Trade and other debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Page 8
**Gloucester Community Church Notes to the Accounts**
## **Trade and other creditors**
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **Receipt of donated goods, facilities and services**
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
## 2 **Statement of Financial Activities - prior year**
|**Income and endowments from:**
Donations and legacies
Charitable activities
Other
**Total**
**Expenditure on:**
Pastoral and Mission
Charitable activities
Other
**Total**
**Net income**
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
3
**Income from donations and legacies**
Tithes and offerings|**Unrestricted**
**funds**
**2020**
**£**
79,852
2,452
76
82,380
25,402
-
116,985
142,387
(60,007)
(60,007)
(60,007)
482,823
422,816
**Unrestricted**
**£**
75,371
75,371|**Restricted**
**funds**
**2020**
**£**
-
11,189
-
11,189
-
11,501
-
11,501
(312)
(312)
(312)
-
(312)
**Total**
**2021**
**£**
75,371
75,371|**Total funds**
**2020**
**£**
79,852
13,641
76|
|---|---|---|---|
||||93,569
25,402
11,501
116,985|
||||153,888|
||||(60,319)|
||||(60,319)|
||||(60,319)
482,823|
||||422,504|
||||**Total**
**2020**
**£**
79,852|
||||79,852|
Page 9
**Gloucester Community Church Notes to the Accounts**
## 4 **Income from charitable activities**
|5
**Other income**
6
**Expenditure on raising funds**
_Costs of generating voluntary_
_income_
Tithes and offerings
7
**Expenditure on charitable activities**
_Expenditure on charitable_
_activities_
_Governance costs_|**Unrestricted**
**£**
2,545
6,463
9,008
**Unrestricted**
**£**
5
5|**Total**
**2021**
**£**
2,545
6,463
9,008
**Total**
**2021**
**£**
5
5|**Total**
**2020**
**£**
2,452
11,189|
|---|---|---|---|
||||13,641|
||||**Total**
**2020**
**£**
76|
||||76|
|||||
||**Unrestricted**
**£**
21,655
21,655
**Unrestricted**
**£**
5,951
5,951|**Total**
**2021**
**£**
21,655
21,655
**Total**
**2021**
**£**
5,951
5,951|**Total**
**2020**
**£**
25,402|
||||25,402|
||||**Total**
**2020**
**£**
11,501|
||||11,501|
Page 10
**Gloucester Community Church Notes to the Accounts**
## 8 **Other expenditure**
|8|**Other expenditure**||||
|---|---|---|---|---|
|||**Unrestricted**|**Total**|**Total**|
||||**2021**|**2020**|
|||**£**|**£**|**£**|
||Employee costs|49,046|49,046|44,804|
||Premises costs|13,351|13,351|58,510|
||Amortisation, depreciation,||||
||impairment, profit/loss on|9,528|9,528|9,528|
||disposal of fixed assets||||
||General administrative costs|3,066|3,066|3,113|
||Legal and professional costs|1,230|1,230|1,030|
|||76,221|76,221|116,985|
|9|**Net expenditure before transfers**||||
|||**2021**||**2020**|
||This is stated after charging:|**£**||**£**|
||Depreciation of owned fixed assets|9,528||9,528|
|10|**Staff costs**||||
|||**2021**||**2020**|
||Salaries and wages|49,046||44,804|
|||49,046||44,804|
||No employee received emoluments in excess of £60,000.||||
||The average monthly number of full time equivalent employees during the year||was as follows:||
|||**2021**||**2020**|
|||**Number**||**Number**|
||Mission and Support|1||1|
||Charitable Activities|1||1|
|||2||2|
Page 11
**Gloucester Community Church Notes to the Accounts**
## 11 **Tangible fixed assets**
|11 **Tangible fixed assets**|||||
|---|---|---|---|---|
|**Cost or revaluation**
At 1 January 2021
At 31 December 2021
**Depreciation and**
**impairment**
At 1 January 2021
Depreciation charge for the
year
At 31 December 2021
**Net book values**
At 31 December 2021
At 31 December 2020
12 **Debtors**
Other debtors
13 **Creditors:**
amounts falling due within one year
Trade creditors
Accruals
14 **Movement in funds**
**Unrestricted funds:**
**General funds**
**Total funds**|**Land and**
**buildings**
**£**
476,390
476,390
123,680
9,528
133,208
343,182
352,710|**Plant and**
**Equipment**|**Fixtures and**
**fittings**
**£**
9,587
9,587
9,587
-
9,587
-
-|**Total**
**£**
507,686|
|||**£**
21,709
21,709
21,709
-
21,709
-
-
**2021**
**£**
13,038
13,038
**2021**
**£**
400|||
|||||507,686|
|||||154,976
9,528|
|||||164,504|
|||||343,182|
|||||352,710|
|||||**2020**
**£**
15,516|
|||||15,516|
|||||**2020**
**£**
400|
|||652||651|
||**At 1 January**
**2021**
422,504
422,504|1,052
**Incoming**
**resources**
**(including**
**other**
**gains/losses**
**)**
**£**
84,384
84,384|**Resources**
**expended**
**£**
(103,827)
(103,827)|1,051|
|||||**At 31**
**December**
**2021**
**£**
403,061|
|||||403,061|
Page 12
**Gloucester Community Church Notes to the Accounts**
## 15 **Analysis of net assets between funds**
|15 **Analysis of net assets between funds**||||
|---|---|---|---|
|Fixed assets
Net current assets
16 **Reconciliation of net debt**
Cash and cash equivalents
Net debt|**At 1 January**
**2021**
**£**|**Unrestricted**
**funds**
**£**
343,182
59,879
403,061
**Cash flows**
**£**|**Total**
**£**
343,182
59,879|
||||403,061|
||||**At 31**
**December**
**2021**
**£**|
||55,329|(7,436)|47,893|
||55,329
55,329|(7,436)
(7,436)|47,893|
||||47,893|
|||||
Page 13
**Gloucester Community Church Statement of Cash flows for the year ended 31 December 2021**
|**Cash flows from operating activities**
**Net expenditure per Statement of Financial Activities**
**Adjustments for:**
Depreciation of property, plant and equipment
Dividends, interest and rents from investments
Decrease in trade and other receivables
Increase in trade and other payables
**Net cash used in operating activities**
**Cash flows from investing activities**
Dividends, interest and rents from investments
**Net cash from investing activities**
**Net cash from financing activities**
**Net decrease in cash and cash equivalents**
**Cash and cash equivalents at the beginning of the year**
**Cash and cash equivalents at the end of the year**|**2021**
**£**
(19,443)
9,528
(5)
2,478
1
(7,441)
5
5
-
(7,436)
55,329
47,893|**2020**
**£**
(60,319)
9,528
(76)
446
-|
|---|---|---|
|||(50,421)
76|
|||76|
||||
|||-|
||||
|||(50,345)|
|||105,674|
|||55,329|
||||
|**Components of cash and cash equivalents**|||
|Cash and bank balances|47,893|55,329|
||||
||47,893|55,329|
Page 14
**Gloucester Community Church Detailed Statement of Financial Activities**
## **for the year ended 31 December 2021**
|**Income and endowments from:**
Donations and legacies
Tithes and offerings
Charitable activities
Other
**Total income and endowments**
**Expenditure on:**
Costs of generating donations and
legacies
Tithes and offerings
**Total of expenditure on raising**
**funds**
Charitable activities
**Total of expenditure on charitable**
**activities**
Employee costs
Salaries/wages
Premises costs
Rates
Light, heat and power
Premises repairs and
maintenance
Other premises costs
General administrative costs,
including depreciation and
amortisation
Depreciation of land and
buildings|**Unrestricted**
**funds**
**2021**
**£**
75,371
75,371
2,545
6,463
9,008
5
5
84,384
21,655
21,655
21,655
5,951
5,951
5,951
49,046
49,046
166
1,571
10,710
904
13,351
9,528|**Total funds**
**2021**
**£**
75,371
75,371
2,545
6,463
9,008
5
5
84,384
21,655
21,655
21,655
5,951
5,951
5,951
49,046
49,046
166
1,571
10,710
904
13,351
9,528|**Total funds**
**2020**
**£**
79,852|
|---|---|---|---|
||||79,852|
||||2,452
11,189|
||||13,641|
||||76|
||||76|
||||93,569
25,402|
||||25,402|
||||25,402
11,501|
||||11,501|
||||11,501
44,804|
||||44,804|
||||279
2,248
55,620
363|
||||58,510|
||||9,528|
Page 15
**Gloucester Community Church Detailed Statement of Financial Activities**
|Depreciation of Plant and
Equipment
Depreciation of Fixtures and
fittings
Bank charges
Equipment expensed
General insurances
Stationery and printing
Telephone, fax and broadband
Legal and professional costs
Audit/Independent examination
fees
Accountancy and bookkeeping
Other legal and professional
costs
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net expenditure**
**Net expenditure before other**
**gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|-
-
96
713
1,742
123
392
12,594
546
410
274
1,230
76,221
103,827
-
(19,443)
(19,443)
-
(19,443)
422,504
403,061|-
-
96
713
1,742
123
392
12,594
546
410
274
1,230
76,221
103,827
-
(19,443)
(19,443)
-
(19,443)
422,504
403,061|-
-
60
679
1,808
58
508|
|---|---|---|---|
||||12,641|
||||315
430
285|
||||1,030|
|||||
||||116,985|
||||153,888
-|
||||(60,319)|
||||(60,319)
-|
||||(60,319)|
||||482,823|
||||422,504|
Page 16