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2022-12-31-accounts

Gloucester Community Church

Charity No. 1010032

Trustees' Report and Unaudited Accounts

31 December 2022

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 12
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 2022.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 1010032

Principal Office

St Luke's Stroud Road Gloucester GL1 5JR

Trustees

The following trustees served during the year:

J.P. Bennett S. Finney (Resigned 15 November 2022) A.P. Shaw S.P. Shaw J.P. Smith M.J. Wisbey J.L. Wood

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

Plan to move from outdated trust constitution to a CIO in line with best practices

Page 2

Gloucester Community Church Trustees Annual Report

Statement of trustees' responsibilities in relation to the financial statements

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

M.J. Wisbey Trustee and Interim Chair 19 July 2023

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 2022 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:

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 19 July 2023

Page 4

Gloucester Community Church Statement of Financial Activities

for the year ended 31 December 2022

Notes
Income and endowments
from:
Donations and legacies
3
Charitable activities
4
Other
5
Total
Expenditure on:
Donations and legacies
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		 Restricted
funds		 Total funds Total funds
2022 2022 2022 2021
£ £ £ £
69,237 6,750 75,987 75,371
16,262 - 16,262 9,008
171 - 171 5
85,670 6,750 92,420 84,384
- - - 21,655
73,008 - 73,008 5,951
28,750 - 28,750 76,221
101,758 - 101,758 103,827
- - - -
(16,088) 6,750 (9,338) (19,443)
- - - -
(16,088) 6,750 (9,338) (19,443)
(16,088) 6,750 (9,338) (19,443)
403,061 - 403,061 422,504
386,973 6,750 393,723 403,061

Page 5

Gloucester Community Church Balance Sheet

at 31 December 2022

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
Restricted funds
14
Restricted income funds
Unrestricted funds
14
General funds
Reserves
14
Total funds		 2022
£
333,654
333,654
13,769
47,351
61,120
(1,051)
60,069
393,723
393,723
393,723
6,750
6,750
386,973
386,973
393,723		 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

Approved by the trustees on 19 July 2023

And signed on their behalf by:

M.J. Wisbey Trustee 19 July 2023

Page 6

Gloucester Community Church Notes to the Accounts

for the year ended 31 December 2022

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.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. These are unrestricted funds earmarked by the trustees for Designated funds particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal. Income Recognition of income Income is included in the Statement of Financial Activities (SoFA) when the charity 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 expenditure Where income has related expenditure the income and related expenditure is reported gross in the SoFA. Donations and legacies Voluntary income received by way of grants, donations and gifts is included in the the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on donations and gifts Income from tax reclaims is included in the SoFA at the same time as the gift/donation to which it relates. Donated services and facilities These are only included in income (with an equivalent amount in expenditure) 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. This includes any gain or loss resulting from revaluing investments Gains/(losses) on revaluation of fixed to market value at the end of the year. assets Gains/(losses) on investment assets This includes any gain or loss on the sale of investments.

Page 7

Gloucester Community Church Notes to the Accounts

Expenditure

Recognition of expenditure

Recognition of expenditure Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on raising funds These comprise the costs associated with attracting voluntary income, fundraising trading costs and investment management costs. Expenditure on charitable activities These comprise the costs incurred by the Charity in the delivery of its activities and 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:

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.

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.

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.

Page 8

Gloucester Community Church Notes to the Accounts

2 Statement of Financial Activities - prior year

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
Governance
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
Donations and legacies
4
Income from charitable activities
Charitable activities
External		 Unrestri
cted
£
69,237
69,237		 Restricted
£
6,750
6,750
Unrestricted
£
16,262
-
16,262		 Unrestricted
funds
2021
£
75,371
9,008
5
84,384
21,655
5,951
76,221
103,827
(19,443)
(19,443)
(19,443)
422,504
403,061
Total
2022
£
75,987
75,987
Total
2022
£
16,262
-
16,262		 Total funds
2021
£
75,371
9,008
5
84,384
21,655
5,951
76,221
103,827
(19,443)
(19,443)
(19,443)
422,504
403,061
Total
2021
£
75,371
75,371
Total
2021
£
2,545
6,463
9,008

Page 9

Gloucester Community Church Notes to the Accounts

5 Other income

Bank interest received
6
Expenditure on raising funds
Costs of generating voluntary income
Donations and legacies
7
Expenditure on charitable activities
Expenditure on charitable activities
Charitable activities
(includes staff costs £47,107)
External
8
Other expenditure
Governance costs
Employee costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on disposal of
fixed assets
General administrative costs
Legal and professional costs
9
Net expenditure before transfers
This is stated after charging:
Depreciation of owned fixed assets		 Unrestricted
£
171
171		 Total
2022
£
171
171		 Total
2021
£
5
5
Unrestricted
£
58,577
14,431
73,008
Unrestricted
£
3,326
11,918
9,528
2,858
1,120
28,750
2022
£
9,528		 Total
2022
£
-
-
Total
2022
£
58,577
14,431
73,008
Total
2022
£
3,326
11,918
9,528
2,858
1,120
28,750		 Total
2021
£
21,655
21,655
Total
2021
£
-
5,951
5,951
Total
2021
£
49,046
13,351
9,528
3,066
1,230
76,221
2021
£
9,528

Page 10

Gloucester Community Church Notes to the Accounts

10 Staff costs

2022
Salaries and wages
50,434
50,434
No employee received emoluments in excess of £60,000.
The average monthly number of full time equivalent employees during the
2022
Number
Mission and Support
1
Charitable Activities
1
2
11 Tangible fixed assets
Land
and
building
s
Plant and
Equipment
£
£
Cost or revaluation
At 1 January 2022
476,390
21,709
At 31 December 2022
476,390
21,709
Depreciation and impairment
At 1 January 2022
133,208
21,709
Depreciation charge for the year
9,528
-
At 31 December 2022
142,736
21,709
Net book values
At 31 December 2022
333,654
-
At 31 December 2021
343,182
-
12 Debtors
2022
£
Gift Aid tax recovery - HMRC
13,769
13,769
13 Creditors:
amounts falling due within one year
2022
£
Trade creditors
400
Accruals
651
1,051		 2022
Salaries and wages
50,434
50,434
No employee received emoluments in excess of £60,000.
The average monthly number of full time equivalent employees during the
2022
Number
Mission and Support
1
Charitable Activities
1
2
11 Tangible fixed assets
Land
and
building
s
Plant and
Equipment
£
£
Cost or revaluation
At 1 January 2022
476,390
21,709
At 31 December 2022
476,390
21,709
Depreciation and impairment
At 1 January 2022
133,208
21,709
Depreciation charge for the year
9,528
-
At 31 December 2022
142,736
21,709
Net book values
At 31 December 2022
333,654
-
At 31 December 2021
343,182
-
12 Debtors
2022
£
Gift Aid tax recovery - HMRC
13,769
13,769
13 Creditors:
amounts falling due within one year
2022
£
Trade creditors
400
Accruals
651
1,051		 2022
Salaries and wages
50,434
50,434
No employee received emoluments in excess of £60,000.
The average monthly number of full time equivalent employees during the
2022
Number
Mission and Support
1
Charitable Activities
1
2
11 Tangible fixed assets
Land
and
building
s
Plant and
Equipment
£
£
Cost or revaluation
At 1 January 2022
476,390
21,709
At 31 December 2022
476,390
21,709
Depreciation and impairment
At 1 January 2022
133,208
21,709
Depreciation charge for the year
9,528
-
At 31 December 2022
142,736
21,709
Net book values
At 31 December 2022
333,654
-
At 31 December 2021
343,182
-
12 Debtors
2022
£
Gift Aid tax recovery - HMRC
13,769
13,769
13 Creditors:
amounts falling due within one year
2022
£
Trade creditors
400
Accruals
651
1,051		 2021
49,046
49,046
year was as follows:
2021
Number
1
1
2
Fixtures and
fittings
Total
£
£
9,587
507,686
9,587
507,686
9,587
164,504
-
9,528
9,587
174,032
-
333,654
-
343,182
2021
£
13,038
13,038
2021
£
400		 2021
49,046
49,046
2
Total
£
507,686
Plant and
Equipment
£
21,709
21,709
21,709
-
21,709
-
-
2022
£
13,769
13,769
2022
£
400
507,686
164,504
9,528
174,032
333,654
343,182
2021
£
13,038
13,038
2021
£
400
651 652
1,051 1,052

Page 11

Gloucester Community Church Notes to the Accounts

14 Movement in funds

Restricted funds:
Restricted income funds:
Total
Unrestricted funds:
General funds
Total 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
2022
-
-
403,061
403,061		 Incoming
resources
(including
other
gains/losses)
£
6,750
6,750
85,670
92,420
At 1 January
2022
£		 Resources
expended
£
-
-
(101,758)
(101,758)
Unrestricted
funds
£
333,654
60,069
393,723
Cash flows
£		 At 31
December
2022
£
6,750
6,750
386,973
393,723
Total
£
333,654
60,069
393,723
At 31
December
2022
£
47,893 (542) 47,351
47,893
47,893		 (542)
(542)		 47,351
47,351

Page 12

Gloucester Community Church Statement of Cash flows for the year ended 31 December 2022

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
(Increase)/Decrease in trade and other receivables
(Decrease)/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		 2022
£
(9,338)
9,528
(171)
(731)
(1)
(713)
171
171
-
(542)
47,893
47,351		 2021
£
(19,443)
9,528
(5)
2,478
1
(7,441)
5
5
-
(7,436)
55,329
47,893
Components of cash and cash equivalents
Cash and bank balances 47,351 47,893
47,351 47,893

Page 13

Gloucester Community Church Detailed Statement of Financial Activities

for the year ended 31 December 2022

Income and endowments from:
Donations and legacies
Donations and legacies
Charitable activities
Charitable activities
External
Other
Bank interest received
Total income and endowments
Expenditure on:
Costs of generating donations and
legacies
Donations and legacies
Total of expenditure on raising
funds
Charitable activities
Charitable activities
(includes staff costs £47,107)
External
Total of expenditure on
charitable activities
Other expenditure
Governance employee costs
Salaries/wages - governance
Premises costs
Rates
Light, heat and power
Premises repairs and
maintenance		 Unrestricted
funds
2022
£
69,237
69,237
16,262
-
16,262
171
171
85,670
-
-
-
58,577
14,431
73,008
73,008
3,326
3,326
312
2,720
8,470		 Restricted
funds
2022
£
6,750
6,750
-
-
-
-
-
6,750
-
-
-
-
-
-
-
-
-
-
-
-		 Total funds
2022
£
75,987
75,987
16,262
-
16,262
171
171
92,420
-
-
-
58,577
14,431
73,008
73,008
3,326
3,326
312
2,720
8,470		 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

Page 14

Gloucester Community Church Detailed Statement of Financial Activities

Other premises costs
General administrative costs,
including depreciation and
amortisation
Depreciation of land and
buildings
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		 416
11,918
9,528
-
-
84
-
1,899
507
368
12,386
300
724
96
1,120
28,750
101,758
-
(16,088)
(16,088)
-
(16,088)
403,061
386,973		 -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
6,750
6,750
-
6,750
-
6,750		 416
11,918
9,528
-
-
84
-
1,899
507
368
12,386
300
724
96
1,120
28,750
101,758
-
(9,338)
(9,338)
-
(9,338)
403,061
393,723		 904
13,351
9,528
-
-
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

Page 15