## **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Plan to move from outdated trust constitution to a CIO in line with best practices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**
14**Analysis of net assets between funds**
Fixed assets
Net current assets
Total assets
15**Reconciliation 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