Gloucester Community Church
Charity No. 1010032
Trustees' Report and Unaudited Accounts
31 December 2024
Gloucester Community Church Contents
| Pages | |
|---|---|
| Trustees' Annual Report | 2 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Accounts | 7 to 12 |
| Statement of Cash flows | 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 2024.
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 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Plan to move from outdated trust constitution to a CIO in line with best practices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 TRUSTEE'S 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 14 July 2025
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 2024.
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').
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 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
14 July 2025
Page 4
Gloucester Community Church Statement of Financial Activities for the year ended 31 December 2024
| Notes Income from: Donations - restricted 3 Donations - unrestricted 5 Charitable activities 4 Other 5 Total Expenditure on: Charitable activities 6 Governance 7 Building Projects 6 Total Net expenditure / income 8 Depreciation of owned assets Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
2024 £ 9,895 95,103 13,359 6,756 125,113 79,836 20,770 - 100,606 24,507 (9,827) 14,680 373,054 387,734 |
2023 £ 27,805 55,574 25,834 963 |
|---|---|---|
| 110,176 71,372 17,465 32,480 |
||
| 121,317 (11,141) (9,528) (20,669) 393,723 373,054 |
Page 5
Gloucester Community Church Balance Sheet
at 31 December 2024
| Charity No. 1010032 Fixed assets Tangible assets 10 Current assets Debtors – Gift Aid 11 Cash at bank and in hand Creditors:Amount falling due within one year 12 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 Restricted income funds 13 Unrestricted funds 13 General funds Reserves 13 Total funds |
2024 £ 317,646 317,646 16,067 54,111 70,178 (90) 70,088 387,734 387,734 387,734 14,130 14,130 373,604 373,604 387,734 |
2023 £ 324,126 |
|---|---|---|
| 324,126 16,331 33,649 |
||
| 49,980 (1,052) |
||
| 48,928 373,054 |
||
| 373,054 373,054 |
||
| 6,750 | ||
| 6,750 366,304 |
||
| 366,304 373,054 |
Approved by the trustees on 14 July 2025
And signed on their behalf by:
M.J. Wisbey Trustee 14 July 2025
Page 6
Gloucester Community Church Notes to the Accounts
for the year ended 31 December 2024
- 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 to market value at the end of the year. fixed 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 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:
2% straight Freehold property line 10% straight Plant and Equipment line 10% straight Fixtures and fittings 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.
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: Charitable activities Other Total Net expenditure / income Depreciation of owned assets Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 3 Restricted Income from donations Donations for Building Fund Donations – other 4 Income from charitable activities Charitable activities |
Unrestricted funds 2023 Restricted funds 2023 Total funds 2023 £ £ £ 55,574 27,805 83,379 25,834- 25,834 963 963 |
| 82,371 27,805 110,176 71,372 - 71,372 49,945 - 49,945 |
|
| 121,317 - 121,317 (11,141) - (11,141) (9,528) - (9,528) (20,669) - (20,669) 393,723 - 393,723 |
|
| 373,054 373,054 |
|
| 2024 2023 £ £ 9,650 27,805 245 2024 2023 £ £ 23,254 25,834 |
Page 9
Gloucester Community Church Notes to the Accounts
5 Unrestricted income
| 2024 £ Donations and legacies 95,103 Bank interest received Insurance claim and solar income 701 6,055 101,859 6 Expenditure 2024 £ Charitable activities (this year, including £54,107 staff costs) 67,423 External Giving 9,100 Building Projects – solar panels and cctv - 76,523 7 Other expenditure 2024 £ Employee costs 3,582 Premises costs 9,334 General administrative costs 3,493 Legal and professional costs 4,093 20,502 8 Net expenditure before transfers 2024 This is stated before charging: £ Depreciation and amortization of owned fixed assets 9,867 |
2023 £ 55,574 963 |
|
|---|---|---|
| 56,537 2023 £ 62,051 9,320 32,480 |
||
| 103,851 2023 £ 3,467 8,636 2,949 2,414 |
||
| 17,466 2023 £ 9,528 |
Page 10
Gloucester Community Church Notes to the Accounts
9 Staff costs
| Staff costs | ||
|---|---|---|
| 2024 | 2023 | |
| Salaries and wages | 54,107 |
53,293 |
| No employee received emoluments in excess of £60,000. |
| The average monthly number of full time equivalent employees during the | The average monthly number of full time equivalent employees during the | The average monthly number of full time equivalent employees during the | year was as follows: | ||
|---|---|---|---|---|---|
| 2024 | 2023 | ||||
| Number | Number | ||||
| Mission and Support | 1 | 1 | |||
| Charitable Activities | 1 |
1 | |||
| 10 | Tangible fixed assets | ||||
| Land and | Plant and | Fixtures and | |||
| buildings | Equipment | fittings | Total | ||
| £ | £ | £ | £ | ||
| Cost or revaluation | |||||
| At 1 January 2024 | 476,390 | 21,709 | 9,587 | 507,686 | |
| At 31 December 2024 | 476,390 | 21,766 | 12,917 | 511,073 | |
| Depreciation and impairment | |||||
| At 1 January 2024 | 152,264 | 21,709 | 9,587 | 183,560 | |
| Depreciation charge for the year | 9,528 | 6 | 333 | 9,867 | |
| At 31 December 2024 | 161,792 | 21,715 | 9,920 | 193,427 | |
| Net book values | |||||
| At 31 December 2024 | 314,598 | 51 | 2,997 | 317,646 | |
| At 31 December 2023 | 324,126 | - | - | 324,126 | |
| 11 | Debtors | ||||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Gift Aid tax reclaim | 16,067 | 16,331 | |||
| 12 | Creditors: | ||||
| amounts falling due within one year | |||||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Trade creditors | - | 400 | |||
| Accruals | - | 652 | |||
| PAYE | 90 | ||||
| 90 | 1,052 |
Page 11
Gloucester Community Church Notes to the Accounts
13 Movement in funds
| Restricted funds: Unrestricted funds: Total funds 14Analysis of net assets between funds Fixed assets Net current assets Total assets 15Reconciliation of net cash Cash and cash equivalents Net cash |
1 Jan 2024 £ Incoming resources £ Resources expended £ 6,750 9,895 (2,515) 366,304 115,218 (107,918) |
31 Dec 2024 £ 14,130 373,604 |
|---|---|---|
| 373,054 125,113 (110,433) 1 Jan 2024 £ 33,649 Cash flows £ 20,462 33,649 20,462 |
387,734 £ 317,646 70,088 |
|
| 387,734 31 Dec 2024 £ 54,111 54,111 |
Page 12
Gloucester Community Church Statement of Cash flows for the year ended 31 December 2024
| Cash flows from operating activities Net income per Statement of Financial Activities Adjustments for: Depreciation of property, plant and equipment Dividends, interest and rents from investments Increase in trade and other receivables Increase/(Decrease) in trade and other payables Net cash provided by/(used in) operating activities Cash flows from investing activities Payment for property, plant and equipment Dividends, interest and rents from investments Net cash from investing activities Net cash from financing activities Net increase/(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 Components of cash and cash equivalents Cash and bank balances |
2024 £ 14,639 9,867 (6,756) 305 (962) 17,093 (3,387) 6,756 3,369 - 20,462 33,649 54,111 54,111 54,111 |
2023 £ (20,668) 9,528 (963) (2,562) 1 |
|---|---|---|
| (14,664) - 963 |
||
| 963 | ||
| - (13,702) 47,351 |
||
| 33,649 33,649 |
||
| 33,649 |
Page 13
Gloucester Community Church Detailed Statement of Financial Activities
| Page 14 Income from: Donations and legacies Donations - restricted Donations - unrestricted Charitable activities Fundraising Other Bank interest received & solar income Insurance payout Total income Expenditure on: Charitable Activities Building Projects External Giving Total of expenditure on charitable activities Governance: Salaries/wages Rates Light, heat and power Premises repairs and maintenance Other premises costs Bank charges General insurances Stationery and printing Telephone, fax and broadband Legal and professional costs Independent examination fees Accountancy and bookkeeping Other professional costs Total expenditure |
Total funds 2024 £ 9,895 95,103 13,359 1,224 5,532 125,113 67,422 3,314 9,100 79,836 7,164 475 2,565 2,980 60 2,483 438 512 - - 4,093 - 100,606 |
Total funds 2023 £ 27,805 55,574 25,834 963 |
|---|---|---|
| 110,176 62,051 32,480 9,320 |
||
| 103,851 3,467 402 5,943 2,263 28 60 2,029 399 461 - 300 1,507 607 |
||
| 121,316 |
Gloucester Community Church Detailed Statement of Financial Activities
| Amortisation of owned property Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
9,827 14,680 373,054 387,734 |
9,528 |
|---|---|---|
| - 20,669 393,723 373,054 |
Page 15