**REGISTERED CHARITY NUMBER: 1051785**
## **REPORT OF THE TRUSTEES AND**
## **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023**
## **FOR**
## **FULL GOSPEL CHURCH**
P B Syddall & Co Chartered Accountants Grafton House 81 Chorley Old Road Bolton Lancashire BL1 3AJ
**FULL GOSPEL CHURCH**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|2|
|**Independent Examiner's Report**||3||
|**Statement of Financial Activities**||4||
|**Balance Sheet**||5||
|**Notes to the Financial Statements**|6|to|10|
|**Detailed Statement of Financial Activities**||11||
**FULL GOSPEL CHURCH**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2023**
The trustees present their report with the financial statements of the charity for the year ended 31 August 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended 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 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The objectives of the church are;
(i) The advancement of the Christian Religion by the proclamation and furtherance of the Gospel of God concerning His Son Jesus Christ the Lord and the preaching and teaching of the Word of God by the Church in accordance with the Statement of Fundamental Truths of the Church as approved by the Church Council from time to time (the Statement)
(ii) Such other charitable purposes as shall further the attainment of the above objectives of the Church or any of them
(iii) of any other charitable work of the Church consistently with the Statement.
## **Significant activities**
The trustees are pleased to report that the church resumed much of its pre-Covid activities. An AGM took place on 31st May 2023 to cover the period 2020-2022 and the accounts and minutes were accepted by the church membership in attendance. Weekly prayer meetings recommenced on Wednesday 29th March 2023 and Sunday morning and evening meetings on Sunday 29th October. The church relies entirely on volunteers and we thank all those who have given their time and efforts over a difficult few years to keep things running.The trustees would also like to thank all those who continue to give so generously to the church. Maintaining the church building is a constant drain on resources and would not be possible without the ongoing regular donations.
The church has continued to make financial grants to individuals identified by the trustees who are in need. The application to the church for such grants are considered carefully and decisions made after much thought and prayer.
After the purchase of the 'Church House' at Talbot Street in 2019, we have continued to maintain that property in a good state of repair. A new fence was installed in the year to August 2022 and extensive roof works in this financial year. The property houses one of our current Deacons.
Our members continued to receive bible teaching materials by post every week throughout the year for which there is no charge. This has been well received and is a comfort particularly to our older members who are appreciative of the regular contact with the church.
Ministry CD's (Tape Ministry) are also sent out monthly via post.
## **Public benefit**
The trustees have given due regard to the guidance from the Charity Commission on public benefit and believe Full Gospel Church meets those criteria. The Church is open to all the community to come and explore their faith and learn the Gospel.
## **FINANCIAL REVIEW**
## **Financial position**
The trustees are pleased to report that giving increased slightly in the year to August 2023 though it is still some way short of the pre-Covid levels. Expenditure decreased in the year mainly due to the reduction in the 'needs' grants to individuals. Work on the property at Talbot Street accounted for a significant proportion of the expenditure once again. The next item of major expenditure is likely to be repairs to the church roof which could eat into reserves significantly.
## **Reserves policy**
Whilst the charity is asset rich in terms of property, the liquid cash reserves remain in a stable position. The cash reserves are currently £62k (2022: £58k) and it is felt that holding this level of reserves is not unreasonable. Quotes for repairs to the church roof have been in the region of £60k.
Page 1
**FULL GOSPEL CHURCH**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2023**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a Constitution and Trust Deed adopted on 16th January 1997 as amended by special resolution on 18th November 2001.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1051785
## **Principal address**
Hazel Grove Full Gospel Church 68 London Road Stockport SK7 4AF
## **Trustees**
G N Moir S G Fitton A Fitton (appointed 31.5.23) S Waterson (appointed 31.5.23)
## **Independent Examiner**
Adam J Syddall MA ACA P B Syddall & Co Chartered Accountants Grafton House 81 Chorley Old Road Bolton Lancashire BL1 3AJ
Approved by order of the board of trustees on 19 June 2024 and signed on its behalf by:
G N Moir - Trustee
Page 2
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FULL GOSPEL CHURCH**
## **Independent examiner's report to the trustees of Full Gospel Church**
I report to the charity trustees on my examination of the accounts of Full Gospel Church (the Trust) for the year ended 31 August 2023.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all 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 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:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts 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 accounts to be reached.
Adam J Syddall MA ACA The Institute of Chartered Accountants in England and Wales
P B Syddall & Co Chartered Accountants Grafton House 81 Chorley Old Road Bolton Lancashire BL1 3AJ
20 June 2024
Page 3
## **FULL GOSPEL CHURCH**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023**
|Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**30,403**
Investment income
2
**129**
**Total**
**30,532**
**EXPENDITURE ON**
**Charitable activities**
Mission & ministry
**26,516**
Other
**360**
**Total**
**26,876**
**NET INCOME/(EXPENDITURE)**
**3,656**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**613,171**
**TOTAL FUNDS CARRIED FORWARD**
**616,827**|Restricted
funds
£
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**31.8.23**
**Total**
**funds**
**£**
**30,403**
**129**
**30,532**
**26,516**
**360**
**26,876**
**3,656**
**613,171**
**616,827**|31.8.22
Total
funds
£
29,230
7
29,237
34,925
360
35,285
(6,048)
619,219
613,171|
|---|---|---|---|
The notes form part of these financial statements
Page 4
## **FULL GOSPEL CHURCH**
## **BALANCE SHEET 31 AUGUST 2023**
|Notes
**FIXED ASSETS**
Tangible assets
5
**CURRENT ASSETS**
Cash at bank
**CREDITORS**
Amounts falling due within one year
6
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
7
Unrestricted funds
**TOTAL FUNDS**|Unrestricted
fund
£
**555,000**
**62,187**
**(360)**
**61,827**
**616,827**
**616,827**|Restricted
funds
£
**-**
**-**
**-**
**-**
**-**
**-**|**31.8.23**
**Total**
**funds**
**£**
**555,000**
**62,187**
**(360)**
**61,827**
**616,827**
**616,827**
**616,827**
**616,827**|31.8.22
Total
funds
£
555,000
58,531
(360)
58,171
613,171
613,171
613,171
613,171|
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 19 June 2024 and were signed on its behalf by:
G N Moir - Trustee
S G Fitton - Trustee
The notes form part of these financial statements
Page 5
**FULL GOSPEL CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, 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 Recommended 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 1 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 Activities once the charity has entitlement to the funds, 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 constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation 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 they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided Long leasehold - not provided
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 6
continued...
**FULL GOSPEL CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023**
## **2. INVESTMENT INCOME**
|**INVESTMENT INCOME**|||
|---|---|---|
||**31.8.23**|31.8.22|
||**£**|£|
|Deposit account interest|**129**|7|
## **3. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 August 2023 nor for the year ended 31 August 2022.
## **Trustees' expenses**
Mr S Fitton who carries out much of the administration of the charity received expenses to cover telephone use and was reimbursed for other out of pocket charity expenses such as postage and stationery.
## **4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
29,230
Investment income
7
**Total**
29,237
**EXPENDITURE ON**
**Charitable activities**
Mission & ministry
34,925
Other
360
**Total**
35,285
**NET INCOME/(EXPENDITURE)**
(6,048)
**RECONCILIATION OF FUNDS**
Total funds brought forward
619,219
**TOTAL FUNDS CARRIED FORWARD**
613,171|Restricted
funds
£
-
-
-
-
-
-
-
-
-|Total
funds
£
29,230
7
29,237
34,925
360
35,285
(6,048)
619,219
613,171|
|---|---|---|
continued...
Page 7
**FULL GOSPEL CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023**
## **5. TANGIBLE FIXED ASSETS**
The tangible fixed assets include the following properties:
Hazel Grove Full Gospel Church, 68 London Road, Hazel Grove, Stockport, SK7 4AF (Title number MAN151642)
The church building and car park is freehold property registered with the land registry with a value stated on 13 November 2009 of £366,000. This is the value stated in the accounts. No depreciation has been charged on this asset.
17 Talbot Street, Hazel Grove, Stockport, SK7 4BH (Title number GM484216)
The charity is the registered owner of this leasehold property which was purchased on 25 October 2019 for £189,000. The property is included in the accounts at historical cost. No depreciation has been charged on this asset.
## **6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
## **7.**
|Other creditors
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.9.22
£
**613,171**
**613,171**
Incoming
resources
£
**30,532**
**30,532**|**31.8.23**
31.8.22
**£**
£
**360**
360
Net
movement
At
in funds
31.8.23
£
£
**3,656**
**616,827**
**3,656**
**616,827**
Resources
Movement
expended
in funds
£
£
**(26,876)**
**3,656**
**(26,876)**
**3,656**|
|---|---|---|
continued...
Page 8
**FULL GOSPEL CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023**
## **7. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|At 1.9.21
£
**Unrestricted funds**
General fund
619,219
**TOTAL FUNDS**
619,219
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
29,237
**TOTAL FUNDS**
29,237|Net
movement
At
in funds
31.8.22
£
£
(6,048)
613,171
(6,048)
613,171
Resources
Movement
expended
in funds
£
£
(35,285)
(6,048)
(35,285)
(6,048)|At
31.8.22
£
613,171|At
31.8.22
£
613,171|
|---|---|---|---|
|||613,171||
||||(6,048)|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.9.21
£
619,219
619,219|Net
movement
in funds
£
(2,392)
(2,392)|At
31.8.23
£
616,827|
|---|---|---|---|
||||616,827|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|59,769|(62,161)|(2,392)|
|**TOTAL FUNDS**|59,769|(62,161)|(2,392)|
continued...
Page 9
**FULL GOSPEL CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023**
## **8. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 August 2023.
Page 10
## **FULL GOSPEL CHURCH**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023**
||31.8.23|31.8.22|
|---|---|---|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations|**30,403**|28,980|
|Tape ministry|**-**|250|
||**30,403**|29,230|
|**Investment income**|||
|Deposit account interest|**129**|7|
|**Total incoming resources**|**30,532**|29,237|
|**EXPENDITURE**|||
|**Charitable activities**|||
|Rates and water|**288**|282|
|Insurance|**1,571**|1,778|
|Light and heat|**1,492**|1,567|
|Telephone|**1,007**|1,376|
|Postage and stationery|**1,097**|1,997|
|Licences|**359**|323|
|Repairs & maintenance|**1,329**|3,426|
|Church house|**10,638**|6,875|
|Tape ministry|**433**|301|
|Grants to individuals|**8,302**|17,000|
||**26,516**|34,925|
|**Support costs**|||
|**Governance costs**|||
|Independent examination|**360**|360|
|Total resources expended|**26,876**|35,285|
|**Net income/(expenditure)**|**3,656**|(6,048)|
This page does not form part of the statutory financial statements
Page 11