**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 1 **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** 2 ## 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................................................ 3 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 4 ## 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 5 ## 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 6 ## 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)| |---|---| 7 ## 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
-| 8