REGISTERED CHARITY NUMBER: 1050303 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR Mounl of Olives Church Knights Accountants and Tax Advisors 21 Highnam Business Centre Hiehnam Gloucester GL2 8DN Mount of Olives Church CONTENTS OF THE FINANCIAL STATEMEiYrs FOR THE YEAR EIYDED 31 DECEMBER 2024 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements Detailed Statement of Financial Activiti& 9 to 10 Mount of Olives Church REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present their report with the financial statements of the charity, for the year ended ) l December 2024. The trustees have adopied the provisions of Accouniing and Reporting by Charities". Statement of Recommended Practice applicable to charities preparing their accouiits in accordance ivith the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). ORIECTIVES AND ACTIVITIES Objective5 of the Charity The objectives of the church ("the objectives") are for the benefit of the public: (A) to advance the Christian Faith in accordance with the statement in such ways and in such parts of the United Kintsdom or the ivorld as the church council from time to time may think fit. (B) To relieve sickness and financial hardship and to promote and preserve good health by the provision of funds: goods or services of any kind including through the provision of counselling and support in .dom or the world as the church council from time to time think fit.. And (C) to advance such parts of the United Kinu education in such ways and in such parts of the United Kingdom or the world as the church council from time to time may think fit. How the Charity achieves its Objectives Sunday and weeknight services for all ages. Little Angels for carers and child￿n up to 5 years old; Kids church for primarv school age during Sunda! AM service. SLAM from 4 vears to year 6; Ignite youth group for year 7 to vear I I pupils. JOY for the over 60's with meal and varied programme; Music group and missions outreach GEM group for ladies and BLOKES group for men. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity, is controlled b). its governing document, a deed of trust and constitutes an unincorporated charity. REFERENCE AND ADMINISTRATtVE DETAILS Registered Charity number 1050303 Principal address The Crescent Eastbourne Estate Coleford Gloucestershire GL16 8BS Trustees S J￿Tatt S Rosser T Mainwaring Independent Examiner Knights Accountants and T&i Advisors 21 Highnam Business Centre Hi￿￿aM Gloucester GL2 8DN 13th July. 2025 Approved by order of the board of ts￿Stees on .. . . and signed on its I￿haIr by: S Jarratt- TrustvL' INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MOUNT OF OLIVES CHURCH Independent eiaminer's report to the trustees of Mounl of Olives Chureh I report to the charity trustees on my examinaiion of the accounts of Mount of Olives Church (the Trust) for the year ended 31 December 2024. Responsibilities and basis of report As the charitv trusiees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 Cthe Act,). I report in respect of my examination of the Trusl's accounts carried out under Section 145 of the Act and in carrying out my examination I have follo￿.ed all applicable Direciions (Fiven by the Charity Commission under Section 145(5)(b) of the Act. Independent eiaminer's statement I have completed my examination. I confinn that no malerial matters have come to my attention in connection with the examination giving me cause to believe that in anv material respect.. accounting records were noi kept in respect of the Trusi as required by Section 130 of the Act; or the accounts do not accord with those records; or the accounts do not comply with the applicable requirements concerning the forn) and content of accounts set out in the Charities {Accounts and Reports) Regulaiions 2008 oiher than any requirement that the accounts give a trne 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 COT]nection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Darren Saunders Knights Accountants and Tax Advisors 21 Highnam Business Cent Highnam Gloucester GL2 8DN Date: ............................................. Page 2 Mount of Olives Church STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 Unrestricted fund 2023 Total funds Note5 INCOME AND ENDOWMENTS FROM Donation5 and legacies 83,853 63,332 Investment income 1,535 Total EXPEIYDITURE OIY Charitable expenditure Charitable activities General Fund 32.830 Total 124,584 32,830 NET INCOMEI(EXPENDITURE) (39.196) RECONCILIATION OF FUNDS Total funds brought fonvard 124,378 93,876 TOTAL FUNDS CARRIED FORWARD 85,182 124,378 The notes fonn part of these fmancial stafrments Page 3 Mount of Olives Church BALANCE SHEET 31 DECEMBER 2024 2024 Unrestricted fund 2023 Total funds Note5 FIXED ASSETS Tangible assets 33,250 32,337 CURRELYT ASSETS Debtors Cash at bank and in hand 443 54.011 93,654 CREDITORS Amounts falling due within one year (2,079) {1,613) NET CURRENT ASSETS 51,932 92,041 TOTAL ASSETS LESS CURREKt LIABILITIES 85,182 124,378 NET ASSETS 85.182 124,378 FUNDS Unrestricted funds 85,182 124,J78 TOTAL FUNDS 85,182 124,378 The financial statements We￿ approved by the Board of Trustees and authorised for issue 1.3th.July 2025..... and were signed on its behalf by: on S Jarratt rustee T Mainw'aring- Trustee er- Trustee The notes fonn part of these fmancial stafrments Page 4 Mount of Olives Church NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial staiements of the charit),. which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recornrnended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102} (effective l January, 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activitie5 once the charity has entitlement to the fund5, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constwctive obligation committing the charity to that expenditure. it is probable that a transfer of economic benefits will be required in settlement and the amouni of the obliga(ion can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings the}, have been allocated to activities on a basis consistent M'ith the use of resources. Tangible fi¥ed assets Depreciation is provided at the lollom'ing annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings 15 /0 on reducing balance Taxation The charity is exempt from tax on its charitable aclivities. Fund aceounting Un￿StrICted funds can be used in accordance with the charithble objectives at the discretion of the trustees. Restricted funds can only be used for particular restricled purposes w'ithin the objects of the charity. Restrictions arise when specified by the donor or when funds are raised lor particular restricted pU￿oses. Further explanation of the natu￿ and p￿r￿se of each fund is included in the notes to the financial statements. Pension costs and other post-relirement benefits The charity. operates a defined contribution pension scheme. Contributions payable to the charity'5 pension scheme are charged to the Staiement of Financial Aclivlties in the period to which thev relate. INVESTMENT INCOME 2024 2023 Dewsit account interest Page 5 continued... Mount of Olives Church NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 TRUSTEES, REMUNERATION AND BEIYEFITS There were no trustees, remuneration or other benefits for the year ended J l December 2024 nor for the year ended 31 December 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 31 December 2024 nor foi the Jear ended 31 December 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Ir4coME AND EINDOWMENTS FROM Donaiions and legacies EXPENDITURE ON Charitable aetivities Genernl Fund 32.830 NET INCOME 30,502 RECONCILIATION OF FUNDS Total ￿ndS brought fonvard TOTAL FUNDS CARRIED FORWARD 124,378 TANGIBLE FIXED ASSETS Fixtures Freehold property fjttings Totals COST At l January 2024 Additions 31,000 1,337 1,343 32,337 1,343 At 31 December 2024 31.000 2,680 DEPRECIATION Charue for year 430 430 NET BOOK VALUE At 31 December 2024 31,000 2,250 At 31 December 2023 1,337 32,337 Page 6 continued... Mount of Olives Church NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 DEBTORS: AMOUIYfS FALLING DUE wrfHIN ONE YEAR 2024 2023 Prepayments 443 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Taxation and social security Other creditors 875 238 635 2,079 1,613 MOVEMENT IN FUNDS Net movement in funds At Jl.12.24 At 1.1.24 Unreslricted funds General fund 124,378 {39,196) 85,182 TOTAL FUNDS 124,J78 {J9,196) 85,182 Net movement in funds, included in the alx)ve are as follows: Incoming resources Resources expeTJded Movement in fvnds Unrestricted funds General fund (124,584) (39,196) TOTAL FUNDS 85,388 (124,584) (39,196) Comparatives for movement in fund5 Net movement in fLll)ds At Jl.12.23 At 1.1.23 Unrestricted funds General fund 93,876 30,502 124,378 TOTAL FUNDS 93,876 30,502 124,378 Page 7 continued... Mount of Olives Church NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 MOVEMENT IN FUNDS- continued Comparative net movement in funds, included in the above are as follow5: Incoming Te50urces Resources expended Movement in funds Unrestricted funds General fund 63,332 {32,830) 30,502 TOTAL FUNDS {32,830) 30,502 A current year 12 months and prior year 12 months combined wsition is as follows: Net movement in funds At 31.12.24 At 1.1.23 Unrestricted funds General fund 93.876 (8,694) 85,182 TOTAL FUNDS 93,876 (8,694) 85,182 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follo￿,5. Incoming resources Resources expeTJded Movement in fvnds Unrestricted funds General fund 148,720 (157,414) (8,694) TOTAL FUNDS 148.720 (157,414) (8,694) RELATED PARTY DISCLOSURES There were no related party transactions for the year ended J l DeCeM￿r 2024. Page 8 Mount of Olives Church DETAILED ST ATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 INCOME AND ENDOWMEINTS Donations and legacies Gifts Offerings, Collections and Donations ,531 82,322 4,744 58,588 83,853 63,332 Investment income Deposit account interest ,535 Total incoming resources 85,388 63,332 EXPENDITURE Other trading activities Wages Pensions 33,676 872 34,548 Charitable activities Rates and water Insurance Light and heat Telephone Postage and stationery Miscellaneous expenses Establishment repairs and maintenance Training and teaching Teaching resources Fellowship recreation Bibles, books and magazines Office equipment Computer & l.T costs Subscriptions Household and cleaning Hire charges Travel expenses Fixtures and fittings Gifts and missions 172 ,883 5,623 ,839 4,256 751 151 820 65,701 993 9,545 5,587 546 1,449 421 6( 101 3,953 601 288 741 472 187 430 5,040 6,118 88,183 32,210 Support costs Finance Bank charges 693 Governanee costs Accountancy ,160 620 This page doe5 not form part of the Statutory fmancial statement5 Page 9 Mount of Olives Church DETAILED ST ATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Total ￿soUrCeS expended 124,584 32,830 Net (ex￿nditurey1nc0Mc (39,196) 30,502 This page doe5 not form part of the Statutory fmancial statement5 Page 10