2023-12-31-accounts

GRACE CHURCH

1 RICHMOND ROAD

SHEFFIELD

SOUTH YORKS

S13 9TB

Registered Charity: 1052591

STATEMENT OF ACCOUNT

AND

INDEPENDENT EXAMINATION REPORT FOR THE YEAR ENDED 31[ST] DECEMBER 2023

Luke Silver Accountancy & Taxation Services

25 Ellicombe Close Minehead Somerset TA24 6DQ

Mobile: [phone]

E-mail: [e-mail]

Independent Examiner’s Report on the Accounts

Accruals Accounts

Report to the trustees/members of Grace Church, Sheffield

Registered Charity Number 1052591

On the accounts for the year ended 31st December 2023

Set out on the following pages

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity¹s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to: examine the accounts under section 145 of the 2011 Act; follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and

state whether particular matters have come to my attention.

Basis of independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements

• To keep accounting records in accordance with section 130 of the 2011 Act; and

• • To prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act Have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed L A Silver

Date: 27 September 2024

Luke Silver, HNC Business & Finance Accountancy Practitioner

25 Ellicombe Close, Minehead, Somerset. TA24 6DQ

Independent Examiners Report to the Trustees

Introduction

Thank you for submitting the accounts for independent examination. They have been well maintained and the treasurer and others responsible are to be commended for their hard work. Thank you for your continued hard work in improving the financial procedures.

Charity Law and Financial Regulations

The independent examination has been carried out in accordance with the Charities (Accounts and Reports) Regulations 1995 (Statutory Instruments No 2724) and the Accounting by Charities Statement of Recommended Practice (SORP).

Signing of Accounts

I shall be obliged if you will please forward a copy of the signature page for my records after the accounts have been signed by a representative appointed by the Trustees and Church Council. A spare copy is enclosed.

Conclusion

There are no other matters I feel need to be brought to your attention.

Please do not hesitate to contact me for further clarification or for further assistance.

Luke Silver

Date: 27 September 2024

GRACE CHURCH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31[ST] DECEMBER 2023

ACTIVITIES REVIEW

The financial results are set out in the enclosed accounts.

The principal activity throughout the year under review was that of the advancement of the Christian faith and the extension of the Kingdom of God.

TRUSTEES

The trustees during the year were as follows:

Luke Jenkinson

58 John Ward Street, Sheffield. S13 8WY

Terence Clark

35 Westbank Drive, South Anston, Sheffield, S25 5JG

Andrew Parkinson

38 Stradbroke Road, Stradbroke, Sheffield, S13 8LS

Nicola Doran

51 Richworth Road, Handsworth, Sheffield, S13 8UG

Matthew Henderson

101 Mount View Road, Norton Lees, Sheffield, S8 8PJ

STATEMENT

We certify that the books, vouchers and information produced to enable the independent examination of our accounts to be conducted contain a full and correct record of our financial transactions and activities to the best of our knowledge and belief.

SIGNED ON BEHALF OF THE TRUSTEES

Please print name: Luke Jenkinson

Date: 24/10/2024

Grace Church Sheffield - 1052591

Statement of Financial Activities

For the period from 01 January 2023 to 31 December 2023

	Unrestricted	Restricted	Endowment	Total	Prior year
	funds	funds	funds	funds	total funds
Incoming resources
Incoming resources from generated funds	25,423	—	—	25,423	16,951
Voluntary income	92,260	2,604	—	94,865	103,300
Activities for generating funds	22,498	51,040	—	73,538	11,623
Investment income	511	—	—	511	125
Incoming resources from charitable activities	3,423	—	—	3,423	82,536
Other incoming resources	327	7	—	335	5,676
Total income	144,445	53,652	—	198,098	220,211
Resources used
Cost of generating funds	43,397	6,490	—	49,887	69,305
Fundraising trading cost of goods sold and other	7,621	—	—	7,621	4,456
Charitable activities	30,151	35,991	—	66,143	23,256
Governance costs	34,848	3,241	—	38,090	42,934
Other resources used	29,499	3,465	—	32,965	35,222
Total expenditure	145,519	49,188	—	194,708	175,174
Gains / losses on investment assets	—	—	—	—	—
Net income / (expenditure) resources before transfer	(1,074)	4,463	—	3,389	45,037
Transfers
Gross transfers between funds - in	51,506	52,465	—	103,971	179,156
Gross transfers between funds - out	(81,040)	(22,931)	—	(103,971)	(179,156)
Other recognised gains/ losses
Gains on revaluation, fixed assets, charity's own use	—	—	—	—	—
Net movement in funds	(30,608)	33,997	—	3,389	45,037
Reconciliation of funds
Total funds brought forward	538,119	35,240	—	573,359	528,321
Total funds carried forward	507,510	69,237	—	576,748	573,359

There may be minor discrepancies in the totals if the pence are not being shown

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Grace Church Sheffield - 1052591

Balance Sheet detailed

31/12/2023 31/12/2022 As at As at

Fixed assets 0379:New Church Premises 0380:Church Premises 0381:Church Fixtures&Fittings 0382:CapitalExpenditure TotalFixed assets Currentassets 0401:CurrentAccount 0402:Missions 0403:Restricted 0404:Youth 0405:Jigsaw 0406:Petty Cash 0407:Youth Petty Cash 0410:Nottinghamshire Building Society 0415:Kingdom BankProperty Trust 0420:Kingdom BankDEPOSIT 0430:LIFEKids and Youth Community 0440:Life LinksInternational FB:Food Bank TotalCurrentassets Liabilities 0601:Kingdom BankMortgage 0602:Kingdom BankMortgage No 2 0605:New Building Loan 1 0606:New Building Loan 2 0607:New Building Loan 3 TotalLiabilities NetAssetsurplus(deficit) Reserves Excess/ (deficit) to date Z01:Starting balances Z02:Gains/(losses)oninvestmentassets TotalReserves

205,000.00 205,000.00 — — 39,780.00 39,780.00 495,518.00 495,518.00 740,298.00 740,298.00 5,554.14 11,655.48 2,539.22 3,095.40 34,020.85 27,440.53 91.91 125.86 — — — — — — — — — 377.40 5,889.31 5,000.00 — 31.22 6,721.12 5,722.43 47,614.91 51,062.61 102,431.46 104,510.93 134,018.46 137,065.92 121,962.71 124,383.83 — — — — 10,000.00 10,000.00 265,981.17 271,449.75 576,748.29 573,359.18 3,389.11 45,037.22 573,359.18 528,321.96 — — 576,748.29 573,359.18

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		31/12/2023 31/12/2022 As at As at
		91,860.09 Unrestricted 92,093.16 415,650.30 Designated 446,025.91 69,237.90 Restricted 35,240.11 — Endowment — Represented by Funds 576,748.29 573,359.18 Total
		91,860.09 Unrestricted 92,093.16 415,650.30 Designated 446,025.91 69,237.90 Restricted 35,240.11 — Endowment — Represented by Funds 576,748.29 573,359.18 Total

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