OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-12-31-accounts

GRACE TABERNACLE PENTECOSTAL CHURCH GRACE TABERNACLE PENTECOSTAL CHURCH GRACE TABERNACLE PENTECOSTAL CHURCH GRACE TABERNACLE PENTECOSTAL CHURCH Charity No
Annual accounts for the period
(if any)		 1089184
Period start date 1/1/2021 To
Period end
date		 12/31/2021
Section A Statement of fnancial activities
Restricted
Recommended
categories by activity
Details of own
analysis		 Note Unrestricte
d funds		 income
funds
Endowment
funds		 Total this
year
£ £
£		 £
Incoming resources (Note 3) F01 F02
F03		 F04
Incoming resources from
generated funds - - - -
Voluntary income S01 153,696 8,492 - 162,188
Activities for generating funds S02 - - - -
Investment income S03 - 1 - 1
Incoming resources from
charitable activities S04 - - - -
Other incoming resources S05 24,430 42,686 - 67,116
Total incoming resources S06 178,126 51,179 - 229,305
Resources expended (Notes 4-8)
Costs of Generating Funds - - - -
Costs of generating voluntary
income		 S07 9,683 37,026 - 46,709
Fundraising trading costs S08 - - - -
Investment management costs S09 - - - -
Charitable activities S10 93,022 - - 93,022
Governance costs S11 - - - -
Other resources expended S12 - 44,225 - 44,225
Total resources expended S13 102,705 81,251 - 183,956
Net incoming/(outgoing) resources before
Gross transfers between funds transfers S14
S15		 75,421 -
- 52,397		 30,072 -
52,397 -		 45,349
-
Net incoming/(outgoing) resources before
other recognised gains/(losses) S16 23,024 22,325 - 45,349
Other recognised gains/(losses)
Gains and losses on revaluation of fxed assets
for the charity’s own use S17 - - - -
Gains and losses on investment assets S18 - - - -
Net movement in funds S19 23,024 22,325 - 45,349
Total funds brought forward S20 19,681 31,068 - 50,749
Total funds carried forward S21 42,705 53,393 - 96,098

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CC17a
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Total last year £ F05 - 212,874 - 11 - 19,789 232,674

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Section B Balance sheet

Restricted
Note Unrestricte
d funds		 income
funds		 Endowment
funds
£ £ £
Fixed assets F01 F02 F03
Tangible assets (Note 9) B01 26,814 1,786,722 -
B02 - - -
Investments (Note 10) B03 - - -
Total fxed assets B04 26,814 1,786,722 -
Current assets
Stock and work in progress B05 - - -
Debtors (Note 11) B06 954 - -
(Short term) investments B07 - - -
Cash at bank and in hand B08 26,735 1,146 -
Total current assets B09 27,689 1,146 -
Creditors: amounts falling due
within one year (Note 12) B10 11,798 1,734,475 -
Net current assets/(liabilities) B11 15,891 - 1,733,329 -
Total assets less current liabilities B12 42,705 53,393 -
Creditors: amounts falling due after
one year (Note 12) B13 - - -
Provisions for liabilities and charges B14 - - -
Net assets
Funds of the Charity		 B15 42,705 53,393 -
Unrestricted funds B16
B17		 -
-
Restricted income funds (Note 13) B18 -
Endowment funds(Note 13) B19 -
Total funds B20 42,705 53,393 -
Signed by one or two trustees on behalf of all
the trustees		 Signature Print N
Paul

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Total this Total last
year year
£ £
F04 F05
1,813,536 1,803,847
- -
- -
1,813,536 1,803,847
- -
954 865
- -
27,881 50,488
28,835 51,353
1,746,273 1,804,451
- 1,717,438 - 1,753,098
96,098 50,749
- -
- -
96,098 50,749
- -
- -
- -
- -
96,098 50,749
Date of
Name
approval
Reid 9/23/2022
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Section C Notes to the ac

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared on the basis of historic co value) in accordance with:

• and with* ü Accounting Standards; or Financial Reporting Standards for

Give details in this box if a different standard has been

** - If no departures from the chosen standards have been made then in the boxes.

1.2 Change in basis of accounting

There has been no change to the accounting policies (valuation except for the following).

Give details in this box of any material changes that ha

1.3 Changes to previous accounts

No changes have been made to accounts for previous years (§§

Give details in this box of any material changes that ha

§§ if no changes have been made to accounts for previous periods th

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ccounts

st (except that investments are shown at market

mmended Practice (SORP 2005);

Smaller Enterprises (FRSSE);

followed.

then please tick “Accounting Standards”;

ted to those required by the FRSSE, then please tick

n delete these words; otherwise give details of any changes

n rules and methods of accounting) since last year (§

ave been made.

hese words.

ave been made.

hen delete these words.

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Section C Notes to the accounts (co

Note 2 Accounting policies

This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or additional policy has been adopted then this is detailed in the box below.

INCOMING RESOURCES

Recognition of incoming These are included in the Statement of Financial Activities (SoFA) when:
resources · the charity becomes entitled to the resources;
· the trustees are virtually certain they will receive the resources; and
· the monetary value can be measured with sufcient reliability.
Incoming resources with Where incoming resources have related expenditure (as with fundraising or contract income)
related expenditure the incoming resources and related expenditure are reported gross in the SoFA.
Grants and donations Grants and donations are only included in the SoFA when the charity has unconditional
entitlement to the resources.
Tax reclaims on donations Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to
and gifts which they relate.
Contractual income and This is only included in the SoFA once the related goods or services have been delivered.
performance related grants
Gifts in kind Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the
amount actually realised.
Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or
distributed by the charity.
Gifts in kind for use by the charity are included in the SoFA as incoming resources when
receivable.
Donated services and These are only included in incoming resources (with an equivalent amount in resources
facilities expended) where the beneft to the charity is reasonably quantifable, measurable and material_._
The value placed on these resources is the estimated value to the charity of the service or
facility received.
Volunteer help The value of any voluntary help received is not included in the accounts but is described in the
trustees’ annual report.
Investment income This is included in the accounts when receivable.
Investment gains and losses This includes any gain or loss on the sale of investments and any gain or loss resulting from
revaluing investments to market value at the end of the year.
EXPENDITURE AND LIABILITIES
Liability recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the
charity to pay out resources.
Governance costs Include costs of the preparation and examination of statutory accounts, the costs of trustee
meetings and cost of any legal advice to trustees on governance or constitutional matters.
Grants with performance Where the charity gives a grant with conditions for its payment being a specifc level of service
conditions or output to be provided, such grants are only recognised in the SoFA once the recipient of the
grant has provided the specifed service or output.
Grants payable without These are only recognised in the accounts when a commitment has been made and there are
performance conditions no conditions to be met relating to the grant which remain in the control of the charity.
Support Costs Support costs include central functions and have been allocated to activity cost categories on a
basis consistent with the use of resources, eg allocating property costs by foor areas, or per
capita, staf costs by the time spent and other costs by their usage.
ASSETS
Tangible fxed assets for use
These are capitalised if they can be used for more than one year, and cost at least £500. They
by charity are valued at cost or a reasonable value on receipt.
Investments Investments quoted on a recognised stock exchange are valued at market value at the year
end. Other investment assets are included at trustees' best estimate of market value.
Stocks and work in progress These are valued at the lower of cost or market value.

POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE

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Section C Notes to the accounts

Note 3 Analysis of incoming resources

Incoming resources may be further analysed if this would help the reader of the accounts.

Analysis
This year
£
Voluntary income
TITHES AND OFFERINGS
162,188
RENTAL INCOME
14,100
OTHER
53,016
-
Total 229,304
-
-
-
-
-
Total -
Investment income
1
-
-
-
-
Total 1
-
-
-
-
-
Total -
Activities for generating
funds
Incoming resources from
charitable activities		 Analysis
This year
£
Voluntary income
TITHES AND OFFERINGS
162,188
RENTAL INCOME
14,100
OTHER
53,016
-
Total 229,304
-
-
-
-
-
Total -
Investment income
1
-
-
-
-
Total 1
-
-
-
-
-
Total -
Activities for generating
funds
Incoming resources from
charitable activities		 Analysis
This year
£
Voluntary income
TITHES AND OFFERINGS
162,188
RENTAL INCOME
14,100
OTHER
53,016
-
Total 229,304
-
-
-
-
-
Total -
Investment income
1
-
-
-
-
Total 1
-
-
-
-
-
Total -
Activities for generating
funds
Incoming resources from
charitable activities
-
-
-
-
-
Total -

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(co

Last year £ 212,874 5,700 14,089 - 232,663 - - - - - - 11 - - - - 11 - - - - - -

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Section C Notes to the accounts

Note 4 Analysis of resources expended
Resources expended may be further analysed if this would help the reader of the account
Analysis
This year
£
ADMINISTRATIVE COSTS
93,022
-
-
-
-
Total 93,022
-
-
-
-
-
Total -
44,225
46,709
-
Total 90,934
Charitable activities
-
-
-
-
-
Total -
Governance costs
-
-
-
Total -
Costs of generating
voluntary income
Fundraising trading
costs
Investment
management costs		 Note 4 Analysis of resources expended
Resources expended may be further analysed if this would help the reader of the account
Analysis
This year
£
ADMINISTRATIVE COSTS
93,022
-
-
-
-
Total 93,022
-
-
-
-
-
Total -
44,225
46,709
-
Total 90,934
Charitable activities
-
-
-
-
-
Total -
Governance costs
-
-
-
Total -
Costs of generating
voluntary income
Fundraising trading
costs
Investment
management costs		 Note 4 Analysis of resources expended
Resources expended may be further analysed if this would help the reader of the account
Analysis
This year
£
ADMINISTRATIVE COSTS
93,022
-
-
-
-
Total 93,022
-
-
-
-
-
Total -
44,225
46,709
-
Total 90,934
Charitable activities
-
-
-
-
-
Total -
Governance costs
-
-
-
Total -
Costs of generating
voluntary income
Fundraising trading
costs
Investment
management costs
-
-
-
Total -

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(

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s.
Last year
£
99,752
-
-
-
-
99,752
-
-
-
-
-
-
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131,544 20,458 - 152,002 - - - - - - - - - -

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Section C Notes to the accounts

Note 5 Support Costs

Please complete this note if the charity has analysed its expenses using activity categories and has support costs.

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Fundraising activity Charitable Activity Governance Activity Total Cost
Support cost type £ £ £ £
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
Total - - - -
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Note 6 Details of certain items of expenditure

6.1 Trustee expenses

Please provide details of the amount of any payment or reimbursement of out-of-pocket expenses made to trustees or to third parties for expenses incurred by trustees. If no expenses were paid, please enter ‘None’ in the appropriate box(es).

This year
Last year
0
0
Nature of the expenses
Total amount paid
£
£
6.2 Fees for examination or audit of the accounts
This year
Last year
£
£
3840
3150
Number of trustees who were paid expenses
Please provide details of the amount paid for any statutory external scrutiny of accounts and other
services provided by your independent examiner or auditor. If nothing was paid please enter NONE in
the appropriate box(es).
Independent examiner’s or auditors' fees for reporting on the
accounts
Other fees (for example: advice, consultancy, accountancy
services) paid to the independent examiner or auditor		 This year Last year
0 0
£ £
This year
£		 Last year
£
3840 3150

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Section C Notes to the accounts (co

Note 7 Paid employees Please complete this note if the charity has any employees.

7.1 Staff Costs


This year
Last year
£
£
Gross wages, salaries and benefts in kind
45,205 61,281
Employer’s National Insurance costs
4,628 5,976
Pension costs
3,394 3,295
Total staf costs 53,227 70,552
This year
Last year
Number
Number
Fundraising
1 1
Charitable Activities
1 1
Governance
1 1
Other
- -
Total3 3
7.2 Average number of full-time equivalent employees in the
year
The parts of the charity in which the
employees work
This year
Last year
£
£
Gross wages, salaries and benefts in kind
45,205 61,281
Employer’s National Insurance costs
4,628 5,976
Pension costs
3,394 3,295
Total staf costs 53,227 70,552
This year
Last year
Number
Number
Fundraising
1 1
Charitable Activities
1 1
Governance
1 1
Other
- -
Total3 3
7.2 Average number of full-time equivalent employees in the
year
The parts of the charity in which the
employees work		 This year
£		 Last year
£
45,205 61,281
4,628 5,976
3,394 3,295
53,227 70,552
lent employees in the This year
Number		 Last year
Number
Fundraising 1 1
Charitable Activities 1 1
Governance 1 1
Other - -
Total 3 3

7.3 Defined contribution pension scheme

Please complete if a defined contribution pension scheme is operated. Brief details of the scheme N/A

Brief details of the scheme
The costs of the scheme to the charity for t
The amount of any contributions outstandi
The amount of any contributions prepaid a		 N/A N/A N/A
This year
Last year
£
£
he year
0
0
ng at the year end
0
0
t the year end
0
0
This year
£		 Last year
£
0 0
0 0
0 0

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Section C Notes to the accounts

Note 8 Grantmaking

Please complete this note if the charity made any grants or donations which in aggre material part of the charitable activities undertaken.

8.1 Total value of grants

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Grants to
institutions
Purpose for which grants made Total amount £
-
-
-
-
-
-
Total -
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8.1 Grantmaking costs

If the charity’s accounts are prepared on the “activity basis” please give details of an associated with grantmaking. Please enter “Nil” if the charity does not identify and/ support costs.

Support costs of grantmaking

8.3 Grants made to institutions

If the charity has made grants to particular institutions that are material in the conte grantmaking please give details of the institution supported, purpose of the grant an each institution listed. Sufficient information should be given to provide a reasonabl of the range of institutions supported.

Names of institutions Purpose

Total grants to institutions

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(c

egate form a

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Grants to
individuals
Total amount £
-
-
-
-
-
-
-
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ny support cost /or allocate

£

ext of its nd total paid to le understanding

Total amount of grants paid £ - - - - - - - - - - -

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Section C Notes to the accounts

Note 9 Tangible fixed assets Please complete this note if the charity has any tangible fixed assets

9.1 Cost or valuation

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Freehold land Other land & Plant, Fixtures, Payments on Total
& buildings buildings machinery fittings and account and
and motor equipment assets under
vehicles construction
£ £ £ £ £ £
Balance brought 1,786,722 - 33,395 52,499 - 1,872,616
forward
Additions - - - 15,538 - 15,538
Revaluations - - - - - -
Disposals - - - - - -
Transfers * - - - - - -
Balance carried 1,786,722 - 33,395 68,037 - 1,888,154
forward
9.2 Accumulated depreciation and impairment provisions
Basis SL or RB SL or RB SL or RB SL or RB SL or RB
 Rate 25 15
Balance brought - - 27,421 41,348 - 68,769
forward
Depreciation charge - - 1,494 4,355 - 5,849
for year
Impairment provisions - - - - - -
Revaluations - - - - - -
Disposals - - - - - -
Transfers - - - - - -
Balance carried - - 28,915 45,703 - 74,618
forward
9.3 Net book value
Brought forward 1,786,722 - 5,974 11,151 - 1,803,847
Carried forward 1,786,722 - 4,480 22,334 - 1,813,536
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9.4 Revaluation

If any fixed assets have been revalued please give details of the valuer and method of valuation

N/A

* The "transfers" row is for movements between fixed asset categories.

** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction.

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Section C Notes to the accounts

Note 10 Investment assets

Please complete this note if the charity has any investment assets.

10.1 Fixed assets investments

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|||| |---|---|---| |£| |Carrying (market) value at beginning of year|-| |Add:|additions to investments at cost|-| |Less:|disposals at carrying value|-| |Add/(deduct):|net gain/(loss) on revaluation|-| |Carrying (market) value at end of year|-|

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Please provide below:

10.2 A breakdown of the market values of investments shown above agreeing with the sheet row B03.

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||| |---|---| |10.3 A breakdown of the income from investments agreeing with SOFA row S03.| |Analysis of investments|10.2| |Market value| |at year end| |£| |Investment properties|-| |Investments listed on a recognised stock exchange or held in common|-| |investment funds, open ended investment companies, unit trusts or other| |collective investment schemes| |Investments in subsidiary or connected undertakings and companies|-| |Securities not listed on a recognised Stock Exchange|-| |Cash held as part of the investment portfolio|-| |Other investments|-| |Total|-|

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10.4 Material investment holdings

If any single investment is material in terms of its value (for example represents more tha of the value of the charity’s total investments) please provide details.

Investment held Market Value

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(co

e balance

10.3 Income from investments for the year £ - - - - - - -

an 5 per cent

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Section C Notes to the accounts (co

Note 11 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.


Analysis of debtors
This year
Last year
This year
Last year
£
£
£
£
Trade debtors
- - - -
- - - -
Other debtors
954.0 865.0 - -
Prepayments and accrued income
- - - -
Total 954.0 865.0 - -
Note 12 Creditors and accruals
Please complete this note if the charity has any creditors or accruals.
12.1 Analysis of creditors
This year
Last year
This year
Last year
£
£
£
£
Loans and overdrafts
1,734,475 1,795,207 - -
Trade creditors
- - - -
- - - -
Other creditors
11,798 9,244 - -
Accruals and deferred income
- - - -
Total 1,746,273 1,804,451 - -
Amounts falling due
within one year
Amounts falling due
after more than one year
Amounts due from subsidiary and associated
undertakings
Amounts falling due
within one year
Amounts falling due
after more than one year
Amounts due to subsidiary and associated
undertakings
Amounts falling due
within one year
Amounts falling due
within one year		 Amounts falling due
after more than one year		 Amounts falling due
after more than one year
This year
£		 Last year
£		 This year
£		 Last year
£
- - - -
- - - -
954.0 865.0 - -
- - - -
954.0 865.0 - -
Amounts falling due
within one year		 Amounts falling due
after more than one year
This year
£		 Last year
£		 This year
£		 Last year
£
1,734,475 1,795,207 - -
- - - -
- - - -
11,798 9,244 - -
- - - -
1,746,273 1,804,451 - -

12.2 Security over assets

If any loan, overdraft or other creditor holds a charge or other security over any assets of the charity please provide details.

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Section C Notes to the accounts

Note 13 Endowment and restricted income funds

Please complete this section if the charity has any endowment or restricted income funds.

13.1 Funds held

Please give a brief description of any of the following type of funds held by the charity:

Type PE, EE

Fund Name or R

Purpose and Restrictions

13.2 Movements of major funds

Please give details of the movements of the major funds summarised in the restricted and endowment columns of the Statement of Financial Activities.

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Fund Fund
balances balances
brought Incoming Outgoing Gains and carried
forward resources resources Transfers losses forward
Fund names £ £ £ £ £ £
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Total Funds - - - - - -
----- End of picture text -----

13.3 Transfers between funds

Please give details of any transfers between funds.

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From Fund (Name) To Fund (Name) Reason Amount
UNRESTRICTED RESTRICTED TO MAINTAIN A POSITIVE RESTRICTED
BANK ACCOUNT BALANCE
52,397
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Section C Notes to the accounts

Note 14 Transactions with related parties

If the charity has any transactions with related parties (other than the trustee expenses note 6) details of such transactions should be provided in this note. If there are no trans report, please enter “None” in the relevant boxes.

14.1 Remuneration and benefits

Please give the amount of, and legal authority for, any remuneration or other benefits pa or other related parties by the charity or any institution or company connected with it.

----- Start of picture text -----
Amounts paid o
Legal authority (eg order,
Name of trustee or connected party
governing document) This year
£
Reverend Paul Reid Contract of Employment 45205
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14.2 Loans

Please give details of and amounts owing to or from the charity’s trustees or other relate the charity at the year end.

Due to trustees and
related parties
Due from trustees
and related parties		 Name of trustee or
connected party		 Legal authority Amoun t
This year
£

14.3 Other transaction(s) with trustees or related parties

Please give details of any transaction undertaken by (or on behalf of) the charity in whic related party has a material interest.

Name of the trustee
or related party		 Relationship to
charity		 Description of the
transaction(s)		 This year
£

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(co

s explained in sactions to

aid to a trustee

----- Start of picture text -----
or benefit value
Last year
£
61281
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ed parties by

----- Start of picture text -----
t owing
Last year
£
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ch a trustee or

----- Start of picture text -----
Last year
£
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ote 15 Additional Disclosures

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