## **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: 07710 456376** **E-mail: luke-silver@puresilver.org.uk** ## **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 27 September 2024 Page 1 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| 27 September 2024 Page 1 |||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| 27 September 2024 Page 2