GREENFORD GOSPEL CHURCH TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Charlty No: 1068859 JCS Accountants Limited 5 Robln Hood Lane Sutton Surrey SM12SW
GREENFORD GOSPEL CHURCH TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Charlty No: 1068859 Contents Page Charity information Trustees, Report Report of the Independent Examiner Statement of Financial Activities Balance Sheet Notes to the Financial Statements 8-11
GREENFORD GOSPEL CHURCH TRUST CHARITY INFORMATION Charity Registration No. 1068859 Prlncipal office 439 Oldfield Lane North Greenford Middlesex UB6 OBB Trustees Leon Charles . Helen Sugden (Chair) David Sugden . Lynda Charles Key Management Personnel The Trustees Elders = Those marked ' Independent Examlner Miriam Hickson CTA FCA JCS Accountants Limited 5 Robin Hood Lane Sutton Surrey SM12SW Page 1
GREENFORD GOSPEL CHURCH TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustees have pleasure in submitting their Annual Report, and the financial statements for the year to 31 March 2025, which have been prepared in accordance with the Charities Statement of Recommended Practice (Charities SORP (FRS 102)), Financial Reporting Standard 102 (FRS 102), and the Charities Act 2011. Structure and management The church is an unincorporated Trust and is governed by its Trust Deed dated 19 February 1998. It is registered with the Charity Commission. The ongoing activities of the church are overseen by the church Elders and the trustees. Trustees are appointed by resolution of the existing trustee body. All trustees are given information relating to the responsibilities of trustees and the work of the church. Further training is provided as appropriate. Objectlves and activities Greenford Gospel Church Trusl was founded to: Advance the Christian Faith in accordance with the Statement of Beliefs in the London Borough of Ealing and in such other parts of the United Kingdom or the world as the Trustees may from time to time think fit. Relieve persons who are in conditions of need or hardship or who are aged or sick and to relieve the distress caused thereby in the London Borough of Ealing and in such other parts of the United Kingdom or the world as the Trustees may from time to time think fit; Promote or fulfil such other charitable purposes beneficial to the community in the said London Borough of Ealing and in such other parts of the United Kingdom or the world as the Trustees may from time to time think fit. In pursuing these aims, the Trustees sought to comply with and follow the Charity Commission guidelines on public benefit. Achievement and performance Greenford Gospel Church Trust met most Sundays for a time of worship, prayer and teaching. During the year, the church congregation held on a Sunday average between 20 and 30 people. The community around Greenford Gospel Church is of mixed ethnic origins. We have experienced a transient congregation typical of many churches in London where we have had many visitors who attend 2 to 3 times and then move on. There are signs that the church is starting to grow again and numbers are increasing. The Church members freely give of their time and tslents under the leadership of the Elders. Regular activities may include: Weddings Baptisms Funerals Sunday morning worship service, weekly meeting involving Worship. Bible Teaching, Children's ministry Wednesday night prayer meeling Friday - Bible study Easter Outreach Christmas Outreach Christmas and other fellowship meals Women's breakfasts Page 2
GREENFORD GOSPEL CHURCH TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 (continued) Mission Support The Church continues to financially support and partner with the following works: a) Teen Challenge London - Helping people break free from drug and alcohol addiction b) E gangs - Helping young people caught up in street gangs c) One fulltime missionary in Pakistan d) Brick Kiln Families - project in Pakistan to set workers and families free from the Brick Kilns e) The Church is also involved with Connections UK and support their work and vision. Reference and administratlve details The legal and administrative details required by law are set out on page 1 and form part of this report. Flnanclal Review and Reserves Policy The small, committed congregation continue to support the work of the church and the church is financially self-sufficient. The modernisation of the front aspect of the church was started in August 2024 and completed in March 2025. The trustees also use some of our surplus funds to help mission abroad. This is achieved through relationships with those actively involved in church mission abroad and in the UK. Bank account- 31 March 2025: £47,362 of which £30,000 is held in reserve. Future developments Since the end of the reporting year, the Church Membership has continued to fluctuate between 20 and 30 people. The new developments at Greenford Quay and Atrium Point have provided a small growth in attendance. The redevelopment of the church building includes a new front glass extension and with the creation of an open plan lounge and refreshment area. This open and inviting space will provide an excellent multipurpose resource for the church to use. Page 3
GREENFORD GOSPEL CHURCH TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 (continued) Trustees, Responsibilities The trustees are responsible for preparing the Annual Report and the financial statements in accordance with the applicable law and United Kingdom Generally Accepted Accounting Practice. Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that year. In preparing those financial statements. the trustees are required to: select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent; state whether the policies adopted are in accordance with the Charities SORP, the Regulations made under section 44 of the Charities Act and applicable accounting standards, subject to any material departures disclosed and explained in the financial statements; prepare the financial statements on a going concern basis unless it is inappropriate to assume that the charity will continue to operate. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities. This report was approved by the trustees on 24th September 2025. -u trt SL4 Signed on behalf of the trustees Helen Sugden Page 4
GREENFORD GOSPEL CHURCH TRUST INDEPENDENT EXAMINER'S REPORT Independent examiner's report to the trustees of Greenford Gospel Church Trust I report to the charity trustees on my examination of the accounts of Greenford Gospel Church Trust for the year ended 31 March 2025. Responsibilities and basls of report As the charity's trustees 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 as carried out under section 145 of the 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 examlner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 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 Report) 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: or 4. the accounts have not been prepared in accordance with the methods and principles 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 the Republic of Ireland (FRS 102) 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. Miriam Hickson CTA FCA JCS Accountants Limited 5 Robin Hood Lane Sutton Surrey SM12SW Date: 3 Zo2S Page 5
GREENFORD GOSPEL CHURCH TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 2025 Unrestricted Restricted Funds Funds 2024 Unrestricted Restricted Funds Funds Total Total Note Income from: Donations and legacies Tithes and offerings 56,568 16,072 72,640 44,161 365 44,526 Charitable activities Lettings 32,369 32,369 29,501 29,501 Investments Interest reiVed Total Income 16 072 105 009 365 Expendlture on: Raising funds Charitable activities Total expendlture 9,305 9.305 6,421 6,421 872 665 665 Net Incomel(expenditure) 42,498 2,200 44,698 30,694 (300) 30,394 Transfers between funds Net movement In funds 200 30,494 200 (100) 30,394 42,498 2,200 44,698 Reconclllatlon of funds At 1 April 2024 1588 322 1588 322 1557 828 100 1557 928 Balances carried forward At 31 March 2025 Page 6
GREENFORD GOSPEL CHURCH TRUST BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Note Fixed assets Tangible assets 1.572.063 1,305,596 Current assets Debtors Cash at bank 15,751 22.574 262 206 284.780 63,113 Creditors: Amounts falling due within one year 7 (2 156) Net current assets 282 726 Net assets Funds Unrestricted funds Restricted funds 1,630,820 1,588.322 Total charlty funds Approved by the trustees on 24th September 2025 and signed on their behalf by: Helen Sugden Chalr of Trustees Page 7
GREENFORD GOSPEL CHURCH TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (a) Basis of preparation The accounts have been prepared in accordance with the Trust Deed, the Charities Statement of Recommended Practi (Charities SORP (FRS 102)), Financial Reporting Standard 102 (FRS 102), and the Charities Act 2011. The financial statements are drawn up on the historical cost basis of accounting. Monetary amounts are in sterling rounded to the nearest £. Greenford Gospel Church Trust meets the definition of a public benefit entity under FRS 102. There are no material uncertainties about the charity's ability to continue in operation. (b) Income Income is recognised once the charity has entitlement to the income, it is probable that the income will be reiVed and the amount of income receivable can be reliably measured. Income tax recoverable on Gift Aid donations is recognised when the income is recognised. Grants received for expenditure that must take place in future periods are deferred until the expenditure occurs. (c) Expendlture Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be reliably measured. All expenditure is accounted for inclusive of any VAT which cannot be recovered. Charitable expenditure includes the cost of activities undertaken to further the purposes of the charity. (d) Fixed assets and depreciation The Church and Manse freehold properties are included at their carrying value at the date of transition to FRS 102, which has been adopted as original cost in accordance with the provisions of the reporting standard. Depreciation is not charged on land. Depreciation is not charged on freehold buildings where, in the opinion of the trustees, their residual value is not less than their carying value. Fixtures and fittings are depreciated on a straight line basis over 10 years, once brought into use. (e) Debtors Debtors are included at the settlement amount due. Prepayments are valued at the amount prepaid. (f) Cash at bank and In hand Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of opening of the deposit. (g) Creditors Creditors are recognised where the charity has a present obligation arising from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount. (h) Financial instruments The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. (i) Fund accounting Unrestricted funds are income resources receivable without further specific purposes and are available for eneral ur oses to be used at the discretion of the Trustees. Page 8
GREENFORD GOSPEL CHURCH TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued) Expenditure 2025 2025 Unrestricted Restrlcted 2025 Total 2024 Total Raising funds Council tax Maintenance Utilities Supplies 1,558 1,320 6,427 1,558 1,320 6,427 1,833 284 4,304 Charitable activities Gross wages Speaker costs Insurance and fire safety Power, light and water Travel and subsistence Telephone and IT Postage, printing and stationery Repairs and maintenance Subscriptions and licences Music and PA Building project (Church) Donations and missions Mission Support Grants to Teen Challenge London Grants to Share Christian Fellowship Grants to Individuals Brick Kiln Bank charges 2,718 2,718 2,475 400 3,490 3,457 25 867 2,627 6,268 2,057 348 2,378 4,781 35 96 3,036 2,344 2,437 472 2,298 2,440 2,378 4,781 35 96 3,036 2,344 2,437 472 3,670 2,440 1,372 1,603 4.200 4,200 4,200 1,800 5,475 7,700 7,700 12,500 18 12,500 18 Governance costs: independent examiner's fee 2 181 Totsl Staff and related party transactlons 2025 2024 Wages and salaries Social security costs Pension costs 2,718 2,475 The total average monthly number of employees during the year was 1 (2024: 1). There were no employees whose emoluments exceeded £60.000. The total aggregate remuneration for the year of Key Management Personnel was £0 (2024: £0). No trustees were reimbursed for travel. subsistence and hospitality expenses during the year (2024: none). Total unrestricted donations from trustees amounted to £17,711 (2024: £14,871). Relatives of Trustees were paid a salary totalling £2,718 for cleaning services (2024: £2,475). Page 9
GREENFORD GOSPEL CHURCH TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued) Governance costs included In Charitable expenditure 2025 2024 Independent Examination TANGIBLE FIXED ASSErs Freehold Land & Buildlngs Fixtures Flttings Total Cost At 1 April 2024 Additions for the year 1.305,596 1,305,596 266 467 266 467 At 31 March 2025 1305 596 266 467 1572 063 Depreclatlon At 1 April 2024 Charge for the year At 31 March 2025 Net book value At 31 March 2025 At 31 March 2024 Debtors 2025 2024 Other debtors Credltors 2025 2024 Accruals Page 10
GREENFORD GOSPEL CHURCH TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued) Restricted Funds Balance 1.4.24 Income Expendlture Transfer Balance 31.3.25 Brick Kiln gifts Building Project gifts 14,700 (12,500) 2,200 Balance 1.4.23 Income Expendlture Transfer Balance 31.3.24 Sri Lanka gifts Pakistan gifts 100 ( 100) 365 200 Brlck Klln project gifts consist of donations, occasional or regular, received to set families free from the Brick Kilns in Pakistan. Bulldlng Project glfts consist of donations received as part of the Building Project for the purchase of fixtures and furnishings for the renovated front of the building. Srl Lanka glfts consist of donations received to support villages in Sri Lanka suffering from the economic collapse. Paklstan glfts consist of donations received through collections and supplementary church funds to support the ministry in Pakistan. The transfer last year from unrestricted funds was to cover expenditure during the year, not expected to be met by future restricted income. Page 11