||GRACE TABERNACLE PENTECOSTAL ASSEMBLIES|GRACE TABERNACLE PENTECOSTAL ASSEMBLIES|GRACE TABERNACLE PENTECOSTAL ASSEMBLIES|Charity No
(if any)
|1089184|**CC17a**|
|---|---|---|---|---|---|---|
||Annualaccountsforthe period||||||
||Period start date|**01/01/2022**|**To**|Period end
date|31/12/2022||
||||||||
|**Section A**|**Statement of financial activities**||||||
|**Recommended**
**categories by activity**
**Details of own**
**analysis**
Note
**Incoming resources (Note 3)**
**Incoming resources from**
**generated funds**
Voluntary income
S01
Activities for generating funds
S02
Investment income
S03
**Incoming resources from**
**charitable activities**
S04
**Other incoming resources**
S05
S06
**Resources expended (Notes 4-8)**
**Costs of Generating Funds**
Costs of generating voluntary
income
S07
Fundraising trading costs
S08
Investment management costs
S09
**Charitable activities**
S10
**Governance costs**
S11
**Other resources expended**
S12
S13
S14
S15
S16
S17
S18
S19
S20
S21
**_Total funds carried forward_**
**Total funds brought forward**
**_Net movement in funds_**
**_Net incoming/(outgoing) resources before_**
**_transfers_**
Gains and losses on investment assets
Gains and losses on revaluation of fixed assets
for the charity’s own use
**Other recognised** **gains/(losses)**
**_Net incoming/(outgoing) resources before_**
**_other recognised gains/(losses)_**
**Gross transfers between funds**
**_Total resources expended_**
**_Total incoming resources_**||**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total this**
**year**
**Total last**
**year**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|||||
|||155,482|5,176||160,658|162,188|
|||-|-|-|-|-|
|||-|-|-|-|-|
|||-|89|-|89|1|
|||-|-|-|-|-|
|||34,728|88,783|-|123,511|67,116|
|||190,210|94,048|-|284,258|229,305|
||||||||
|||-|-|-|-|-|
|||12,381|7,772|-|20,153|46,709|
|||-|-|-|-|-|
|||-|-|-|-|-|
|||94,486|-|-|94,486|93,022|
|||-|-|-|-|-|
|||18,152|73,376|-|91,528|44,225|
|||125,019|81,148|-|206,167|183,956|
|||65,191|12,900|-|78,091|45,349|
|||32,806
-|32,806||-|-|
|||32,385|45,706|-|78,091|45,349|
||||||||
|||-|-|-|-|-|
|||-|-|-|-|-|
|||32,385|45,706|-|78,091|45,349|
|||42,705|53,393|-|96,098|50,749|
|||75,090|99,099|-|174,189|96,098|
CC17a (Excel)
17/10/2023
1
## **Section B Balance sheet**
|**Fixed assets**
**Tangible assets (Note 9)**
**Investments (Note 10)**
**_Total fixed assets_**
**Current assets**
**Stock and work in progress**
**Debtors (Note 11)**
**(Short term) investments**
**Cash at bank and in hand**
**_Total current assets_**
**Creditors: amounts falling due within**
**one year (Note 12)**
**_Net current assets/(liabilities)_**
**_Total assets less current liabilities_**
**Creditors: amounts falling due after**
**one year (Note 12)**
**Provisions for liabilities and charges**
**_Net assets_**
**Funds of the Charity**
**Unrestricted funds**
**Restricted income funds (Note 13)**
**Endowment funds(Note 13)**
**_Total funds_**
Signed by one or two trustees on behalf of all
the trustees|Note
B01
B02
B03
B04
B05
B06
B07
B08
B09
B10
B11
B12
B13
B14
B15
B16
B17
B18
B19
B20|**Unrestricted**
**funds**
**£**
F01|**Restricted**
**income**
**funds**
**£**
F02|**Endowment**
**funds**
**£**
F03|**Total this**
**year**
**Total last**
**year**
**£**
**£**
F04
F05|**Total this**
**year**
**Total last**
**year**
**£**
**£**
F04
F05|
|---|---|---|---|---|---|---|
|||24,892|1,786,722|-|1,811,614|1,813,536|
|||-|-|-|-|-|
|||-|-|-|-|-|
|||24,892|1,786,722|-|1,811,614|1,813,536|
||||||||
|||-|-|-|-|-|
|||325|-|-|325|954|
|||-|-|-|-|-|
|||59,851|333|-|60,184|27,881|
|||60,176|333|-|60,509|28,835|
||||||||
|||9,978|1,687,956|-|1,697,934|1,746,273|
||||||||
|||50,198|- 1,687,623|-|- 1,637,425|1,717,438
-|
||||||||
|||75,090|99,099|**-**|174,189|96,098|
||||||||
|||-|-|-|-|-|
|||-|-|-|-|-|
||||||||
|||75,090|99,099|-|174,189|96,098|
||||||||
|||75,090|||75,090|96,098|
|||-|||-|-|
||||-||-|-|
|||||-|-|-|
||||||||
|||75,090|-|-|75,090|96,098|
||||||||
|||Signature||Date of
approval
Print Name|||
|||||PASTOR REID||07/08/2023|
||||||||
CC17a (Excel)
17/10/2023
2
## **Section C Notes to the accounts**
## 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 cost (except that investments are shown at market value) in accordance with:
- Accounting and Reporting by Charities – Statement of Recommended Practice (SORP 2005);
• and with* Accounting Standards; or Financial Reporting Standards for Smaller Enterprises (FRSSE);
- and with the Charities Act.
## _**N/A**_
- -Tick as appropriate:
- if all relevant disclosures shown in the pack have been given then please tick “Accounting Standards”;
- if disclosures completed in these accounts have been restricted to those required by the FRSSE, then please tick
- “Financial Reporting Standards for Smaller Enterprises (FRSSE)”.
CC17a (Excel)
17/10/2023
3
## **Section C Notes to the accounts (cont)**
## **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 sufficient 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 benefit to the charity is reasonably quantifiable, 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 specific 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 specified 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 floor areas, or per|
||capita, staff costs by the time spent and other costs by their usage.|
|**ASSETS**||
|**Tangible fixed 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.|
||NONE|
|**POLICIES ADOPTED**||
|**ADDITIONAL TO OR**||
|**DIFFERENT FROM THOSE**||
|**ABOVE**||
CC17a (Excel)
17/10/2023
4
## **Section C Notes to the accounts (cont)**
## **Note 3 Analysis of incoming resources**
## _**Incoming resources may be further analysed if this would help the reader of the accounts.**_
|**Activities for generating funds**
**Investment income**
**Incoming resources from**
**charitable activities**
**Voluntary income**|**Analysis**|**This year**
**Last year**
**£**
**£**|**This year**
**Last year**
**£**
**£**|
|---|---|---|---|
||TITHES AND OFFERINGS|160,658|162,188|
||RENTAL INCOME|84,783|14,100|
||INVESTMENT INCOME|89|1|
||OTHER|38,728|53,016|
|||-|-|
||**Total**|284,258|229,305|
|||||
|||-|-|
|||-|-|
|||-|-|
|||-|-|
|||-|-|
||**Total**|-|-|
|||||
||INTEREST RECEIVED|89|1|
|||-|-|
|||-|-|
|||-|-|
|||-|-|
||**Total**|89|1|
|||||
|||-|-|
|||-|-|
|||-|-|
|||-|-|
|||-|-|
||**Total**|-|-|
CC17a (Excel)
17/10/2023
5
## **Section C Notes to the accounts (cont)**
## **Note 4 Analysis of resources expended Resources expended may be further analysed if this would help the reader of the accounts.**
|**Investment**
**management costs**
**Costs of generating**
**voluntary income**
**Fundraising trading**
**costs**
**Governance costs**
**Charitable activities**|**Analysis**|**This year**
**Last year**
**£**
**£**|**This year**
**Last year**
**£**
**£**|
|---|---|---|---|
||ADMINISTRATIVE EXPENSES|94,486|93,022|
|||-|-|
|||-|-|
|||-|-|
|||-|-|
||**Total**|94,486|93,022|
|||||
|||-|-|
|||-|-|
|||-|-|
|||-|-|
|||-|-|
||**Total**|-|-|
|||||
|||20,153|46,709|
|||-|-|
|||-|-|
||**Total**|20,153|46,709|
|||||
|||91,528|44,225|
|||-|-|
|||-|-|
|||-|-|
|||-|-|
||**Total**|91,528|44,225|
|||||
|||-|-|
|||-|-|
|||-|-|
||**Total**|-|-|
CC17a (Excel)
17/10/2023
6
## **Section C Notes to the accounts (cont)**
## **Note 5 Support Costs**
_**Please complete this note if the charity has analysed its expenses using activity categories and has support costs.**_
|**_support costs._**|||||
|---|---|---|---|---|
|**Support cost type**|**Fundraising activity**
**£**|**Charitable Activity**
**£**|**Governance Activity**
**£**|**Total Cost**
**£**|
||-|-|-|-|
||-|-|-|-|
||-|-|-|-|
||-|-|-|-|
||-|-|-|-|
||-|-|-|-|
||-|-|-|-|
|**Total**|-|-|-|-|
## **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).**_
**Number of trustees who were paid expenses Nature of the expenses Total amount paid**
|**This year**|**Last year**|
|---|---|
|||
|**NIL**|**NIL**|
|**£0**|**£0**|
## **6.2 Fees for examination or audit of the accounts**
_**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).**_
|**_appropriate box(es)._**|||
|---|---|---|
|**Other fees (for example: advice, consultancy, accountancy**
**services) paid to the independent examiner or auditor**
**Independent examiner’s or auditors' fees for reporting on the**
**accounts**|**This year**
**£**|**Last year**
**£**|
||4200|3840|
||||
CC17a (Excel)
17/10/2023
7
## **Section C Notes to the accounts (cont)**
## **Note 7 Paid employees** _**Please complete this note if the charity has any employees.**_
## **7.1 Staff Costs**
|**Fundraising**
**Charitable Activities**
**Governance**
**Other**
**Total**
**7.2 Average number of full-time equivalent employees in the year**
**Employer’s National Insurance costs**
**Pension costs**
**Total staff costs**
**Gross wages, salaries and benefits in kind**
**The parts of the charity in which the**
**employees work**|**Fundraising**
**Charitable Activities**
**Governance**
**Other**
**Total**
**7.2 Average number of full-time equivalent employees in the year**
**Employer’s National Insurance costs**
**Pension costs**
**Total staff costs**
**Gross wages, salaries and benefits in kind**
**The parts of the charity in which the**
**employees work**|**This year**
**£**|**Last year**
**£**|
|---|---|---|---|
|||46,366|45,205|
|||6,314|4,628|
|||-|-|
|||52,680|49,833|
|||||
||**nt employees in the year**|**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**
**The costs of the scheme to the charity for the year The amount of any contributions outstanding at the year end The amount of any contributions prepaid at the year end**
||**This year**||**Last year**||
|---|---|---|---|---|
||**£**||**£**||
|||0||0|
|||0||0|
|||0||0|
CC17a (Excel)
17/10/2023
8
## **Section C Notes to the accounts (cont)**
## **Note 8 Grantmaking**
_**Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.**_
## **8.1 Total value of grants**
|**8.1 Total value of grants**|||
|---|---|---|
|**Purpose for whichgrants made**|**Grants to**
**institutions**
**Total amount £**|**Grants to**
**individuals**
**Total amount £**|
||-|-|
||-|-|
||-|-|
||-|-|
||-|-|
||-|-|
|**_Total_**|**-**|**-**|
## **8.1 Grantmaking costs**
_**If the charity’s accounts are prepared on the “activity basis” please give details of any support cost associated with grantmaking. Please enter “Nil” if the charity does not identify and/or allocate support costs.**_
## **Support costs of grantmaking**
**£0**
## **8.3 Grants made to institutions**
_**If the charity has made grants to particular institutions that are material in the context of its grantmaking please give details of the institution supported, purpose of the grant and total paid to each institution listed. Sufficient information should be given to provide a reasonable understanding of the range of institutions supported.**_
|**_institutions supported._**|||
|---|---|---|
|**Names of institutions**|**Purpose**|**Total amount of**
**grantspaid £**|
|||-|
|||-|
|||-|
|||-|
|||-|
|||-|
|||-|
|||-|
|||-|
|||-|
|**_Total grants to institutions_**||**-**|
CC17a (Excel)
17/10/2023
9
## **Section C Notes to the accounts (cont)**
## **Note 9 Tangible fixed assets**
## _**Please complete this note if the charity has any tangible fixed assets**_
## **9.1 Cost or valuation**
|**Freehold land**
**& buildings**
**Other land &**
**buildings**
**Plant,**
**machinery**
**and motor**
**vehicles**
**Fixtures,**
**fittings and**
**equipment**
**Payments on**
**account and**
**assets under**
**construction**
**Total**
**£**
**£**
**£**
**£**
**£**
**£**
Balance brought
forward
1,786,722 - 33,395 68,037 - 1,888,154
Additions
- - - 3,428 - 3,428
Revaluations
- - - - - -
Disposals
- - - - - -
Transfers *
- - - - - -
Balance carried
forward
1,786,722 - 33,395 71,465 - 1,891,582
****Basis**
SL or RB
SL or RB
RB
RB
SL or RB
**** Rate**
25
15
Balance brought
forward
- - 28,915 45,703 - 74,618
Depreciation charge
for year
- - 1,120 4,230 - 5,350
Impairment provisions - - - - - -
Revaluations
- - - - - -
Disposals
- - - - - -
Transfers*
- - - - - -
Balance carried
forward
- - 30,035 49,933 - 79,968
Brought forward
1,786,722 - 4,480 22,334 - 1,813,536
Carried forward
1,786,722 - 3,360 21,532 - 1,811,614
**9.3 Net book value**
**9.2 Accumulated depreciation and impairment provisions**|**Freehold land**
**& buildings**
**£**|**Other land &**
**buildings**
**£**|**Plant,**
**machinery**
**and motor**
**vehicles**
**£**|**Fixtures,**
**fittings and**
**equipment**
**£**|**Payments on**
**account and**
**assets under**
**construction**
**£**|**Total**
**£**|
|---|---|---|---|---|---|---|
||1,786,722|-|33,395|68,037|-|1,888,154|
||-|-|-|3,428|-|3,428|
||-|-|-|-|-|-|
||-|-|-|-|-|-|
||-|-|-|-|-|-|
||1,786,722|-|33,395|71,465|-|1,891,582|
||-|-|28,915|45,703|-|74,618|
||-|-|1,120|4,230|-|5,350|
||-|-|-|-|-|-|
||-|-|-|-|-|-|
||-|-|-|-|-|-|
||-|-|-|-|-|-|
||-|-|30,035|49,933|-|79,968|
||||||||
||1,786,722|-|4,480|22,334|-|1,813,536|
||1,786,722|-|3,360|21,532|-|1,811,614|
## **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._
CC17a (Excel)
17/10/2023
10
## **Section C Notes to the accounts (cont)**
## **Note 10 Investment assets**
## _**Please complete this note if the charity has any investment assets.**_
## **10.1 Fixed assets investments**
|**Add/(deduct):**net gain/(loss) on revaluation
Carrying (market) value at beginning of year
Carrying (market) value at end of year
**Add:**additions to investments at cost
**Less:**disposals at carrying value|**£**|
|---|---|
||-|
||-|
||-|
||-|
||-|
## _**Please provide below:**_
**10.2 A breakdown of the market values of investments shown above agreeing with the balance sheet row B03.**
## **10.3 A breakdown of the income from investments agreeing with SOFA row S03.**
|**Investments in subsidiary or connected undertakings and companies**
**Analysis of investments**
**Other investments**
**Total**
**Investment properties**
**Securities not listed on a recognised Stock Exchange**
**Cash held as part of the investment portfolio**
**Investments listed on a recognised stock exchange or held in common**
**investment funds, open ended investment companies, unit trusts or other**
**collective investment schemes**|**10.2**
**Market value at**
**year end**
**£**|**10.3**
**Income from**
**investments for**
**the year**
**£**|
|---|---|---|
||-|-|
||-|-|
||-|-|
||-|-|
||-|-|
||-|-|
||-|-|
## **10.4 Material investment holdings**
**If any single investment is material in terms of its value (for example represents more than 5 per cent of the value of the charity’s total investments) please provide details.**
## **Investment held**
**Market Value**
CC17a (Excel)
17/10/2023
11
## **Section C Notes to the accounts (cont)**
## **Note 11 Debtors and prepayments**
## _**Please complete this note if the charity has any debtors or prepayments.**_
|**Analysis of debtors**
**Trade debtors**
**Amounts due from subsidiary and associated**
**undertakings**
**Other debtors**
**Prepayments and accrued income**
**Total**|**Amounts falling due**
**within oneyear**|**Amounts falling due**
**within oneyear**|**Amounts falling due after**
**more than oneyear**|**Amounts falling due after**
**more than oneyear**|
|---|---|---|---|---|
||**This year**
**£**|**Last year**
**£**|**This year**
**£**|**Last year**
**£**|
||-|-|-|-|
||-|-|-|-|
||325.0|954.0|-|-|
||-|-|-|-|
||325.0|954.0|-|-|
## **Note 12 Creditors and accruals**
_**Please complete this note if the charity has any creditors or accruals.**_ **12.1 Analysis of creditors**
|**Loans and overdrafts**
**Trade creditors**
**Amounts due to subsidiary and associated**
**undertakings**
**Other creditors**
**Accruals and deferred income**
**Total**|**Amounts falling due**
**within oneyear**|**Amounts falling due**
**within oneyear**|**Amounts falling due after**
**more than oneyear**|**Amounts falling due after**
**more than oneyear**|
|---|---|---|---|---|
||**This year**
**£**|**Last year**
**£**|**This year**
**£**|**Last year**
**£**|
||1,687,956|1,734,475|-|-|
||-|-|-|-|
||-|-|-|-|
||9,978|11,798|-|-|
||-|-|-|-|
||1,697,934|1,746,273|-|-|
## **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.**_
CC17a (Excel)
17/10/2023
12
## **Section C Notes to the accounts (cont)**
## **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:**
- **permanent endowment funds (PE);**
- **expendable endowment funds (EE); and**
- **restricted income funds, including special trusts, of the charity (R).**
**Type PE, EE Fund Name Purpose and Restrictions or R**
## **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.**_
|**Fund names**|**Fund**
**balances**
**brought**
**forward**
**£**|**Incoming**
**resources**
**£**|**Outgoing**
**resources**
**£**|**Transfers**
**£**|**Gains and**
**losses**
**£**|**Fund**
**balances**
**carried**
**forward**
**£**|
|---|---|---|---|---|---|---|
||-|-|-|-|-|-|
||-|-|-|-|-|-|
||-|-|-|-|-|-|
||-|-|-|-|-|-|
||-|-|-|-|-|-|
||-|-|-|-|-|-|
|**Total Funds**|-|-|-|-|-|-|
## **13.3 Transfers between funds**
## _**Please give details of any transfers between funds.**_
|**From Fund(Name)**|**To Fund(Name)**|**Reason**|**Amount**|
|---|---|---|---|
|UNRESTRICTED|RESTRICTED|TO MAINTAIN A POSITIVE BANK BALANCE|32806|
|||||
|||||
|||||
CC17a (Excel)
17/10/2023
13
## **Section C Notes to the accounts (cont)**
## **Note 14 Transactions with related parties**
_**If the charity has any transactions with related parties (other than the trustee expenses explained in note 6) details of such transactions should be provided in this note. If there are no transactions to 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 paid to a trustee or other related parties by the charity or any institution or company connected with it.**_
|**Name of trustee or connected party**|**Legal authority (eg order,**
**governing document)**|**Amounts paid or benefit value**|**Amounts paid or benefit value**|
|---|---|---|---|
|||**This year**
**£**|**Last year**
**£**|
|REVEREND PAUL REID|CONTRACT OF EMPLOYMENT|**46,366**|**45,205**|
|||||
|||||
## **14.2 Loans**
_**Please give details of and amounts owing to or from the charity’s trustees or other related parties by 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**|**Amount owing**|**Amount owing**|
|---|---|---|---|---|
||||**This year**
**£**|**Last 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 which a trustee or related party has a material interest.**_
|**Name of the trustee**
**or relatedparty**|**Relationship to**
**charity**|**Description of the**
**transaction(s)**|**This year**
**£**|**Last year**
**£**|
|---|---|---|---|---|
||||||
||||||
||||||
CC17a (Excel)
17/10/2023
14
**Section C Notes to the accounts (cont)**
## **Note 15 Additional Disclosures**
**The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts. If there is insufficient room here, please add a separate sheet.**
CC17a (Excel)
17/10/2023
15
## **CHARITY No: 1089184**
## **GRACE TABERNACLE PENTECOSTAL ASSEMBLIES OF THE WORLD INC.**
## **FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2022**
_**- Bray on Thames -**_
**THE ACCOUNTING HOUSE COMPANY LIMITED**
## **GRACE TABERNACLE - PENTECOSTAL ASSEMBLIES OF THE WORLD INC**
## **31 DECEMBER 2022**
|**INDEX**||
|---|---|
||**Page**|
|Charity Information|1|
|Trustees Annual Report|2-3|
|Independent Examiner's Report|4|
|Statement of Financial Activities|5-6|
|Balance Sheet|7|
|Notes to the Accounts|8|
## **GRACE TABERNACLE - PENTECOSTAL ASSEMBLIES OF THE WORLD INC**
## **31 DECEMBER 2022**
## **TRUSTEES**
P.A. Reid J. Pitt Bishop L. Thomas P.P. Reid
**CHARITY NUMBER** 1089184 (Registered in England & Wales)
## **ACCOUNTANTS**
The Accounting House Co Ltd WeirBank Monkey Island Lane Bray on Thames SL6 2ED
## **BANKERS**
NatWest Bank plc 57 Victoria Street London SW1H 0HN
1
## **GRACE TABERNACLE - PENTECOSTAL ASSEMBLIES OF THE WORLD INC**
## **TRUSTEES ANNUAL REPORT**
The Trustees submit their financial statements for the year ended 31 December 2022.
## **LEGAL STATUS**
Grace Tabernacle - Pentecostal Assemblies of the World Inc. is governed by a constitution and is a registered charity number: 1089184. It's address is Grace House, Grenaby Road, Croydon CR0 2EJ.
## **OBJECTIVES**
The object of the charity is to promote the Christian religion in the South of England. It has the following specific investment powers:-
Power to collect, accept, issue appeals for donations and to do all things that shall further the attainment of the objects of the Church; and,
Power to invest money, real and personal property; and
Power to be at liberty to borrow as required by law.
## **CHARITY'S ACTIVITIES AND ACHIEVEMENTS DURING THE YEAR**
To promote Christian faith through:
Regular Services Regular Sunday School teaching Bible Study Classes Looking After Youth
The structure of the Church comprises of a Pastor, Ministers, Deacons and Sunday School teachers.
The Church holds regular conferences for different age groups of the congregation:-
Liaising with local churches of the local community Liaising with Pentecostal Churches in the UK and throughout the world
Apart from the Pastor, all are volunteers.
The charity did not experience any deficits in it's fund raising activities.
## **RESERVES POLICY**
The Charity has two types of reserves namely a general reserve which represents the unrestricted funds reserve stands as £75,090 (2021 : £42,705) and a building fund reserve which represents the restricted building fund reserve stands at £99,099 (2021: £53,393).
2
## **GRACE TABERNACLE - PENTECOSTAL ASSEMBLIES OF THE WORLD INC**
## **TRUSTEES ANNUAL REPORT (continued)**
## **GIFT AID CLAIMS**
The Charity received Gift Aid claims of £34,337 during the year (2020 : £30,227).
## **INVESTMENT SELECTION POLICY**
Short term - short term fixed deposit and money market account.
## **REVIEW OF MAJOR RISK**
Health and safety, annual fire inspection to comply with fire regulations.
The Charity has building and public liability insurance covering the buildings.
## **DECLARATION**
I declare, in my capacity of Trustee, that:-
The Trustees have approved the report above and overleaf and have authorised me to sign on their behalf.
………………………………………………………
## **P.A. REID**
7 August 2023
3
**INDEPENDENT EXAMINER'S REPORT TO THE MANAGEMENT COMMITTEE OF**
## **GRACE TABERNACLE - PENTECOSTAL ASSEMBLIES OF THE WORLD INC**
We report on the accounts of the Charity for the year ended 31 December 2022 which are attached.
## **Respective responsibilities of trustees and examiners**
As the Charity's management committee, you are responsible for the preparation of the accounts; you consider that the audit requirement of section 43(2) of the Charities Act 1993 (the Act) does not apply. It is our responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 43(7) of the Act, whether particular matters have come to our attention.
## **Basis of independent examiner's report**
Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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 we do not express an audit opinion on the view given by the accounts.
## **Independent examiner's statement**
Inconnection with our examination, no matter has come to our attention:
- (a) which gives us reasonable cause to believe that in any material respect the requirements;
- to keep accounting records in accordance with section 41 of the Act; and
- to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met; or
- (b) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## **THE ACCOUNTING HOUSE CO LTD**
WeirBank Monkey Island Lane Bray on Thames SL6 2ED
7 August 2023
4
## **GRACE TABERNACLE - PENTECOSTAL ASSEMBLIES OF THE WORLD INC**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **FOR THE YEAR ENDED 31 DECEMBER 2022**
|**INCOMING RESOURCES**
Tithes and donations
Grants received
Rent receivable
Tax refundable
HMRC - CRJS (Furlough payments)
Rates refunded
Bank deposit interest
**Total incoming resources**
**RESOURCES EXPENDED**
Establishment expenses
Administrative expenses
Financial and other expenses
**Total resources expended**
**Net incoming resources before transfers**
**Gross transfers between funds**
**Net incoming resources after transfers**||**2022**|**TOTAL**
**£**
160,658
4,000
84,783
34,337
-
391
89
284,258
20,153
94,486
91,528
206,167
78,091
-
78,091|**2021**|
|---|---|---|---|---|
||**UNRESTRICTED **
**FUNDS**
**£**
155,482
-
-
34,337
-
391
-|**RESTRICTED**
**FUNDS**
**£**
5,176
4,000
84,783
-
-
-
89||**£**
131,961
28,586
14,100
30,227
24,430
-
1|
||190,210|94,048||229,305|
||12,381
94,486
18,152|7,772
-
73,376||46,709
78,580
58,667|
||125,019|81,148||183,956|
||65,191
32,806)
(|12,900
32,806||45,349
-|
||32,385|45,706||45,349|
5
## **GRACE TABERNACLE - PENTECOSTAL ASSEMBLIES OF THE WORLD INC**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **FOR THE YEAR ENDED 31 DECEMBER 2022**
|**ADMINISTRATIVE EXPENSES**
**Establishment expenses:**
Rent, rates, water and services
Insurance
Utilities
Repairs and maintenance
**Administrative expenses:**
Salaries
Employers NIC and love offerings
Travel expenses
Summer camp expenses
Care ministry
Youth ministry
Hospitality and catering
Donations
Printing, postage and stationery
Telephone
Pension costs
Sundry expenses
Gift and special offerings
Barnabas fund
ECN & District Association
Health insurance
Church music expenses
Software costs
Women's ministry
Sponsorship costs
Visiting Ministers expenses
Treasurers Honorariums
**Financial and other expenses:**
Bank charges
Loan interest
Accountancy
Legal and professional
Hire purchase interest
Volunteer costs
Depreciation|**UNRESTRICTED**
**FUNDS**
**£**
-
4,213
6,128
2,040|**2022**
**RESTRICTED**
**FUNDS**
**£**
-
-
-
7,772|**TOTAL**
**£**
-
4,213
6,128
9,812
20,153
46,366
6,314
5,379
6,660
1,740
790
8,349
713
1,807
3,139
3,496
625
923
-
120
1,377
2,007
2,633
587
-
1,211
250
94,486
88
73,376
4,200
470
811
7,233
5,350
91,528|**2021**|
|---|---|---|---|---|
|||||**£**
559
4,061
4,034
38,055|
||12,381|7,772||46,709|
||46,366
6,314
5,379
6,660
1,740
790
8,349
713
1,807
3,139
3,496
625
923
-
120
1,377
2,007
2,633
587
-
1,211
250|-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-||45,205
4,628
2,119
2,866
-
882
2,712
150
1,117
3,377
3,394
567
885
200
120
1,377
5,444
3,005
82
-
450
-|
||94,486|-||78,580|
||88
-
4,200
470
811
7,233
5,350|-
73,376
-
-
-
-
-||44,225
3,840
1,900
811
2,042
5,849|
||18,152|73,376||58,667|
6
**GRACE TABERNACLE - PENTECOSTAL ASSEMBLIES OF THE WORLD INC**
## **BALANCE SHEET**
## **31 DECEMBER 2022**
|**Notes**
**FIXED ASSETS**
Tangible assets
**2**
**CURRENT ASSETS**
Debtors
**3**
Cash at bank and in hand
**CURRENT LIABILITIES**
**4**
Tax and social security costs
Accruals
Other creditors
**NET CURRENT (LIABILITIES)/ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**Financed by:**
Reserves
**5**||**2022**|**TOTAL**
**£**
1,811,614
325
60,184
60,509
1,146
7,424
1,689,364
1,697,934
1,637,425)
(
174,189
174,189|**2021**|
|---|---|---|---|---|
||**UNRESTRICTED **
**FUNDS**
**£**
24,892
325
59,851
60,176
1,146
7,424
1,408
9,978
50,198
75,090
75,090|**RESTRICTED**
**FUNDS**
**£**
1,786,722
-
333
333
-
-
1,687,956
1,687,956
1,687,623)
(
99,099
99,099||**£**
1,813,536|
|||||954
27,881|
|||||28,835|
|||||885
6,747
1,738,641|
|||||1,746,273|
|||||1,717,438)
(|
|||||96,098|
|||||96,098|
These financial statements were approved and signed on behalf of the Council of Management
…………………………………………… **P. A. REID (Pastor)**
…………………………………………… **V. REID (Treasurer)**
7 August 2023
…………………………………………… **DATE**
7
**GRACE TABERNACLE - PENTECOSTAL ASSEMBLIES OF THE WORLD INC**
## **NOTES TO THE ACCOUNTS**
## **31 DECEMBER 2022**
## 1 **ACCOUNTING POLICIES**
## **Accounting convention:**
The financial statements are prepared under the historical cost convention and are in accordance with applicable accounting standards.
## **Depreciation:**
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset over its estimated useful life, on the following annual bases:
|Furniture and equipment
Computers
Motor vehicles
2
**FIXED ASSETS**
**Cost:**
At 1 January 2022
Additions
At 31 December 2022
**Depreciation:**
At 1 January 2022
Charge for the period
At 31 December 2022
**Net Book Value:**
At 31 December 2022
At 31 December 2021
3
**DEBTORS**
Prepayments
Other debtors
4
**CURRENT LIABILITIES**
Taxes and social security costs
Accruals and deferred income
Hire purchase creditors
Other creditors
5
**RESERVES**
At 1 January 2022
Net incoming resources
Apportions
At 31 December 2022|: 15% reducing balance
: 33.33% on cost
: 25% on cost
**Freehold**
**Land &**
**Motor**
**Buildings**
**Vehicles**
**£**
**£**
1,786,722
33,395
-
-
1,786,722
33,395
-
28,915
-
1,120
-
30,035
1,786,722
3,360
1,786,722
4,480
**General**
**Reserve**
**£**
42,705
32,385
75,090
-
75,090|**Fixtures**
**Furniture**
**& Equipment**
**£**
48,825
2,628
51,453
29,340
3,317
32,657
18,796
19,485
**Restricted**
**Reserve**
**£**
53,393
45,706
99,099
-
99,099|**Computer**
**£**
19,212
800
20,012
16,363
913
17,276
2,736
2,849
**2022**
**£**
325
-
325
1,146
7,424
1,408
1,687,956
1,697,934
**Total 2022**
**£**
96,098
78,091
174,189
-
174,189|**Total**
**£**
1,888,154
3,428|
|---|---|---|---|---|
||1,786,722|||1,891,582|
||-
-|||74,618
5,350|
||-|||79,968|
||1,786,722|||1,811,614|
||1,786,722|||1,813,536|
|||||**2021**
**£**
954
-|
|||||954|
|||||885
6,747
4,166
1,734,475|
|||||1,746,273|
|||||**Total 2021**
**£**
50,749
45,349|
|||||96,098
-|
|||||96,098|
8