Registered Charity Number 1085961
GREATER GRACE CHRISTIAN CHURCH OF S.E. LONDON Unaudited Financial Statements For The Year Ended
31st July, 2021
GREATER GRACE CHRISTIAN CHURCH OF S.E. LONDON
Contents of The Financial Statements
For The Year Ended 31st July, 2021
| Page | |
|---|---|
| Report of The Trustees | 1 - 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 |
| Detailed Statement of Financial Activities | 7 |
GREATER GRACE CHRISTIAN CHURCH OF S.E. LONDON Report Of The Trustees For The Year Ended 31st July, 2021
Registered Charity Number 1085961
Principal Address. 27 The Grove West Wickham BR4 9JT
Trustees
GILL LEE PAUL NEBEOLISA ANTHONY TREVOR MORLEY HOWARD HENRY WEBB
Independent Examiner Paperchase Taxation Accountants 22b Sydenham Road
London SE26 5QW
1
GREATER GRACE CHRISTIAN CHURCH OF S.E. LONDON Report of the Trustees For The Year Ended 31st July, 2021
The trustees present their report with the financial statements of the charity for the year ended 31 July 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities' issued in July 2014.
STRUCTURE, GOVERNANCE AND ANAGEMENT
Description of the charity’s trusts
Governing document: Trust deed The charity is a trust
Trustee selection is by appointment
The main activity of the charity is the establishment and maintenance of worship centres to enable the members of the public to participate in Christian worship particularly but not exclusively in south east London: for the furtherance of the Christian religion by worship services, teaching the bible, evangelism and for such other charitable purposes as the trustees shall from time to time determine.
RISK MANAGEMENT
The Trustees have conducted a review of the major risks which the Charity is exposed. A risk register has been established which identifies the major risks by area of activity, the nature of those risks, the likelihood of the risks happening and the measure taken to manage them. The Trustees review the risk register regularly at their meetings and are satisfied that systems are in place to manage the risks that have been identified. In particular, insurance cover is in place and the finances of the Charity are kept under review. Appropriate Disclosure & Barring Service check (DBS) training undertaken and, supported by regularly reviewed policies are done for all those who work with children or other vulnerable groups with the Charity.
FINANCIAL REVIEW
We plan on having financial reviews with the church and leaders every 6 months to review our financial achievements and contributions towards various events and ministries.
PLANS FOR FUTURE PERIODS
In future, we plan to expand our ministries Safeguarding vulnerable beneficiaries.
Approved by order of the board of trustees on …………………………………………..and signed on its behalf by:
.......................................................
HOWARD HENRY WEBB
2
GREATER GRACE CHRISTIAN CHURCH OF S.E. LONDON
For The Year Ended 31st July, 2021
Independent Examiner's Report
To the Trustees of
GREATER GRACE CHRISTIAN CHURCH OF S.E. LONDON
I report on the accounts for the year ended 31st July, 2021 set out on pages four to Seven.
Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The charity's 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 required. The charity's gross income does not exceed £250,000 and I am qualified to undertake the examination by being a qualified member of ACCA.
It is my responsibility to:
examine the accounts under Section 145 of the 2011 Act to follow the procedures laid down in
the General Directions given by the Charity Commission (under Section l45(5)(b) of the 2011 Act); and to state whether particular matters have come to my attention.
Basis of the independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission. 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 statements 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.
Abiodun A Adeboyejo (FCCA,AFA, ACA, FAIA) PaperChase Taxation
22b Sydenham Road London. SE26 5QW
Date................................................
3
GREATER GRACE CHRISTIAN CHURCH OF S.E. LONDON
Statement of Financial Activities
For The Year Ended 31st July, 2021
| Unrestricted Notes £ Income Resources Incoming Resources From Generated Funds Voluntary Income 1 40,479 Total Income Resources 40,479 Resources Expended Charitable Activities Physical & Spiritual Need 38,706 Governance Costs 2 500 Total Resources Expended 39,206 NET INCOMING RESOURCES 1,273 RECONCILATION OF FUNDS Total Funds Balances b/fwd 129,922 Total Funds Balances c/fwd 131,195 |
Restricted £ - - - - - - - |
2021 Total Fund £ 40,479 40,479 38,706 500 39,206 1,273 129,922 131,195 |
2020 Total Fund £ 41,180 |
|---|---|---|---|
| 41,180 | |||
| 33,543 - |
|||
| 33,543 | |||
| 7,637 122,285 |
|||
| - | 129,922 |
The Notes Form Part of These Financial Statements
4
GREATER GRACE CHRISTIAN CHURCH OF S.E. LONDON
Balance Sheet
as at 31 July 2021
| Notes CURRENT ASSETS Cash at bank and in hand CREDITORS Amounts Falling Due within one Year 4 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS Unrestricted Funds 5 Unrestricted Funds TOTAL FUNDS |
131,696 500 131,196 131,196 131,196 |
2021 Total £ 131,696 500 131,196 131,196 131,196 131,196 131,196 |
2020 Total £ 129,922 - 129,922 |
|---|---|---|---|
| 129,922 | |||
| 129,923 | |||
| 129,923 | |||
| 129,923 |
The financial statements were approved by the Board of Trustees on.................................... and were signed on its behalf by:
Approved by Board of Trustees
…........................................................
…........................................................
The Notes Form Part of These Financial Statements
5
GREATER GRACE CHRISTIAN CHURCH OF S.E. LONDON
Notes to the Financial Statementss
for the year ended 31 July 2021
ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), the Charities Act 2011 and the requirements of the Statement of Recommended Practice (SORP 2015), Accounting and Reporting by Charities (issued July 2014)
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
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 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.
1 Voluntary Income
| 1 Voluntary Income |
||
|---|---|---|
| Tithes & Offering Bank Interest Current & Deposit a/c Other Income - Gift Aid Refund 2 Governance Costs Accountancy |
2021 £ 33,419 225 6,835 40,479 2021 500 500 |
2020 £ 32,757 642 7,781 |
| 41,180 | ||
| 2020 - |
||
| - |
6
GREATER GRACE CHRISTIAN CHURCH OF S.E. LONDON
Notes to the Financial Statementss
for the year ended 31 July 2021
| 3 Wages and salaries Social security costs 4 Creditors: amounts falling due within one year Trade creditors 5 Movement in Funds Unrestrictedfunds General fund TOTAL FUNDS Net movement in funds, included in the above are a Unrestricted funds General fund Building Fund Total Fund |
At 01 08 20 £ 129,923 129,923 s follows: Incoming Resources £ 40,479 40,479 |
22,104 - 22,104 2021 £ 500 Net Movement In Funds £ 1,273 1,273 Resources Expended £ 39,206 39,206 |
24,980 - |
|---|---|---|---|
| 24,980 | |||
| 2020 £ - |
|||
| At 31 07 21 £ 131,196 131,196 |
|||
| Movement in Funds £ 1,273 |
|||
| 1,273 |
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GREATER GRACE CHRISTIAN CHURCH OF S.E. LONDON
Detailed Statement Of Financial Activities
For The Year Ended 31st July, 2021
| INCOMING RESOURCES Tithes & Offering Bank Interest Current & Deposit a/c Other Income - Gift Aid Refund Total Incoming Resources RESOURCES EXPENDED Charitable Activities Welfare Honorarium & volunteer Pastoral allowances Advertising Travelling and subsistence Printing, postage & stationery Church expenses Evangelical/ Mission Donation & Subscription Telephone and fax Governance Costs Accountancy fees Support Costs Management Rent & rates Insurance Repairs & maintenance IT / Software Cleaning Wages & salaries TOTAL RESOURCES EXPENDED NET INCOME |
2021 2020 Unrestricted Restricted Total Total Fund Fund £ £ £ £ 33,419.00 33,419.00 32,757.00 225.00 225.00 642.00 6,835.00 6,835.00 7,781.00 |
|---|---|
| 40,479.00 - 40,479.00 41,180.00 |
|
| 120.00 120.00 45.00 2,900.00 2,900.00 - 4,150.00 4,150.00 1,110.00 110.00 110.00 813.00 387.00 387.00 395.00 395.00 201.00 1,809.00 1,809.00 - 3,380.00 3,380.00 3,332.00 316.00 316.00 305.00 - - 300.00 |
|
| 13,567.00 - 13,567.00 6,106.00 |
|
| 500.00 500.00 - |
|
| 500.00 - 500.00 - |
|
| 2,060.00 2,060.00 1,530.00 262.00 262.00 240.00 100.00 100.00 196.00 512.00 512.00 394.00 101.00 101.00 97.00 22,104.00 22,104.00 24,980.00 |
|
| 25,139.00 - 25,139.00 27,437.00 |
|
| 39,206.00 - 39,206.00 33,543.00 |
|
| 1,273.00 - 1,273.00 7,637.00 |
8