2024-07-31-accounts - Greater Grace Christian Church Of S.e. London

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Registered Charity Number 1085961

GREATER GRACE CHRISTIAN CHURCH OF S.E. LONDON

Unaudited Financial Statements For The Year Ended

31st July, 2024

GREATER GRACE CHRISTIAN CHURCH OF S.E. LONDON

Contents of The Financial Statements

For The Year Ended 31st July, 2024

	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, 2024

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

GREATER GRACE CHRISTIAN CHURCH OF S.E. LONDON Report of the Trustees

For The Year Ended 31st July, 2024

The trustees present their report with the financial statements of the charity for the year ended 31 July 2024. 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

GREATER GRACE CHRISTIAN CHURCH OF S.E. LONDON

For The Year Ended 31st July, 2024

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, 2024 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................................................

GREATER GRACE CHRISTIAN CHURCH OF S.E. LONDON

Statement of Financial Activities

For The Year Ended 31st July, 2024

Unrestricted Notes £ Income Resources Incoming Resources From Generated Funds Voluntary Income 1 33,012 Total Income Resources 33,012 Resources Expended Charitable Activities Physical & Spiritual Need 46,008 Governance Costs 2 500 Total Resources Expended 46,508 NET INCOMING RESOURCES (13,496) RECONCILATION OF FUNDS Total Funds Balances b/fwd 115,281 Total Funds Balances c/fwd 101,785		2024 2023 Total Total Fund Fund £ £ 33,012 31,699 33,012 31,699 46,008 41,461 500 500 46,508 41,961 (13,496) (10,262) 115,281 125,543 101,785 115,281

The Notes Form Part of These Financial Statements

GREATER GRACE CHRISTIAN CHURCH OF S.E. LONDON

Balance Sheet

as at 31 July 2024

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	103,279 1,494 101,785 101,785 101,785	2024 2023 Total Total £ £ 103,279 116,260 1,494 979 101,785 115,281 101,785 115,281 101,785 115,281 101,785 115,281 101,785 115,281

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

GREATER GRACE CHRISTIAN CHURCH OF S.E. LONDON

Notes to the Financial Statementss

for the year ended 31 July 2024

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

Tithes & Offering Bank Interest Current & Deposit a/c Other Income - Gift Aid Refund Other Grants	2024 2023 £ £ 25,308 24,624 1,573 942 6,131 6,133 33,012 31,699 2024 2023 6,131 6,133

2 Other Grants

GREATER GRACE CHRISTIAN CHURCH OF S.E. LONDON

Notes to the Financial Statementss

for the year ended 31 July 2024

3 Governance Costs Accountancy 4 Wages and salaries 5 Creditors: amounts falling due within one year Trade creditors 6 Movement in Funds At 01 08 23 £ Unrestrictedfunds General fund 115,281 TOTAL FUNDS 115,281 Net movement in funds, included in the above are as follows: Incoming Resources £ Unrestricted funds General fund 33,012 Building Fund Total Fund 33,012	2024 2023 500 500 500 500 25,677 25,248 25,677 25,248 2024 2023 £ £ 1,494 979 Net Movement In Funds At 31 07 24 £ £ (13,496) 101,785 (13,496) 101,785 Resources Expended Movement in Funds £ £ 46,508 (13,496) 46,508 (13,496)

GREATER GRACE CHRISTIAN CHURCH OF S.E. LONDON

Detailed Statement Of Financial Activities

For The Year Ended 31st July, 2024

INCOMING RESOURCES Tithes & Offering Bank Interest Current & Deposit a/c Other Income - Gift Aid Refund Total Incoming Resources RESOURCES EXPENDED Charitable Activities Welfare Pastoral allowances Advertising Travelling and subsistence Printing, postage & stationery Church expenses Evangelical/ Mission Donation & Subscription Governance Costs Accountancy fees Support Costs Management Rent & rates Insurance Repairs & maintenance IT / Software Wages & salaries TOTAL RESOURCES EXPENDED NET INCOME	2024 2023 Unrestricted Restricted Total Total Fund Fund £ £ £ £ 25,308.00 25,308.00 24,624.00 1,573.00 1,573.00 942.00 6,131.00 6,131.00 6,133.00
	33,012.00 - 33,012.00 31,699.00
	215.00 215.00 - 1,104.00 1,104.00 1,104.00 - - 21.00 - - 66.00 - - 150.00 152.00 152.00 899.00 14,532.00 14,532.00 9,713.00 298.00 298.00 336.00
	16,301.00 - 16,301.00 12,289.00
	500.00 500.00 500.00
	500.00 - 500.00 500.00
	2,630.00 2,630.00 2,590.00 271.00 271.00 262.00 951.00 951.00 57.00 178.00 178.00 1,015.00 25,677.00 25,677.00 25,248.00
	29,707.00 - 29,707.00 29,172.00

	46,508.00 - 46,508.00 41,961.00

	13,496.00 - - 13,496.00 - 10,262.00 -