## **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Plan to move from outdated trust constitution to a CIO in line with best practices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:
- 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 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**
- 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.
## **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