Charity registratlon numbor 1094001
Company registration number 044452791England and Wales)
FOREST TOWN CHURCH TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

FOREST TOWN CHURCH TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustoos
Anthony Michael Rlst
Anneke Ilthelan
Edmund Chan
Clive Case
Gareth Houghton
Secrolary
P Miller
Charhy numbor
1094001
Company number
04445279

FOREST TOWN CHURCH TRUST
CONTENTS
Page
Tru'stees. report
Statement of trustees, responsibilities
Independent examiner's report
Statement of financial activities
Balance sheet
9-10
Notes to the financial statements

FOREST TOWN CHURCH TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their annual report and financial statements for the year ended 31 March 2024.
The financial statements have been prepared in a¢¢ordance with the accounting policies set out in note 1 to the
financial statements and comply with the charity's Memorandum and Articles of Asso¢iation, th8 Companies Act
2006 and 'Accountlng and Reporting by Charities.. Stalemenl of Recommended Practice applicable lo charities
preparing their accounts in accx)rdance with the Financial Rep¢)rting Standard appllcable In the UK and Republic of
Ireland (FRS 102). (as amended for aCC￿ntIng periods comm8ncing from 1 January 2019).
ObJectlva8 and actfvltle•
The charit￿S objects are to advance the Christian faith in a¢¢ordance wlth the statement of t￿lief5 appearing in its
Memorandum and Artlcles of Association, to relieve persons who are in conditions of need or hardshlp and such
other charitable purpose as shall. in the opinlon of the trustees, further to the work of the church.
Public benefit
The trustees have paid due regard to guidance issued by the Charity Commission In decldlng what actlvlties the
chaTily should undertake.
Forest Town Church Trust is a multicultural, multi-generational Chrislian church with the objèct of advanclng the
Christian Falth. In accordance with the statement of beliefs app8arlng in Its Memorandum and Articles ofAssoGlation
and such other charitable purposes as shall, In the option of the trustees. further the wtyk of the Churth.
Vthen plannlng the charfty'8 actlvltles for the year. the trustees have complied with thelr duty In SeGtlon 17 of the
Charlties Act 2011 to have due règard to guidance published by the Charity Commission, induding public benefit
guidance. The charity has met Its public benefit requirement through enabling ordinary people to live out thelr falth
as part of the church c￿lMunItY by inter alia..
Worshlp gatherlngs and Prayer me8tlng8 open to all., teachlng about the Gospel of the Chrl8tlan faith,. and
developing knowledge and trust in Jesus.
Provlsion of pastoral care for people in the community,.
Provision of courses In Important lrfe skllls such as money management and parenting. and
Mi981onary and outreach work, tx)th locally and abroad.
Achlovoment• and porfornianc•
Slgnificant activlties and achievements agalnsl obfvcliv8S
We look back on thls last year vrith gratitude and much joy. 11 has again been a really solid year of grovélh at FTC
and also a productive and fruitful year In m155ion and outreach. In Aprll 2024 we had a total of 420 adults and 125
children in the contact list of the church. This 9rovAh is also reflected In an Increase In our Income whlch we are
grateful for.
We contlnue to hold our regular Sunday mornlng times of worshlp and also home groups which meet each week.
Other regular events are our 'Grounded' course for new members whlch have each quarter and al80 welcome
lunches for vSsltors which we have ev8ry SIX w8eks. These meals are always a highlight for ug a$ we meet the new
people that God is adding to us. Another encouraging addition to our calendar this year has been the hosling of a
monthly pastors breakfast at Ffc for other local church leaders. This is always well attended and Is a tlme of
encouragement and prayer for le8der8 In our dty.
Some hlghlights of the year included a misslon trip to Cambodia In Aprll with a team from our chuth. It is aNvays a
joy to go and minlster in Cambodia to local church leaders there who work with Bunna Yin. a friend the have known
for many years. He has done amazlng work there. Another hlghlight in Aprll was the gathering for a Passover meal
with the whole church as part of our Easter celebrations. This was a significant moment for many in the church and
deepened and enriched our understanding of the events of the passion week and resurrection Sunday.

FOREST TOWN CHURCH TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
In May bve launched an evening meeting called Sunday at six. This was to give another opportunity for people to
gather who might not be able to come on Sunday morning for whatever reason. Vle are encouraged to see how this
is growing and adding into the life of our church family.
In June we were able to welcome Ashley and Nadine Bell from Bryanston South Africa for a weekend d ministry
into FTC which proved to be a significant weekend. They lead the church in SA that sent Ant and Helen to plant FTC
here in the UK. It was wonderful lo havè thern with us again and to celebrate all that has happened over the last 20
years.
In July Helen was inviled to speak at a woman's Conference h05ted by Jesus Gemeinde in Dresden Gemany vthich
was a happy event. After this she started her masters course at St Miletus College in London. We are sure that the
church will enjoy the full benefit of all that she is leaming over the years that lie ahead and we are happy that v
can invest into her ministry in thls way.
In September we had the joy of welcoming Chisom Ofjiewulu onlo our staff team. With the growth in our children's
ministry since COVID we felt il necessary to invest further into this area. Chisom has come onlo our staff to work
with the youth in particular and has already added much joy and life to the Youth ministry. We are grateful for her
ministry. In Sept8mber wg a150 had Wayne and Rene Neupèr from Germany for a weekend of ministry with us. Ilve
had a day away with all of our broader leadership team and it was a joy for them to be able to Sow into our church in
this vmy.
In October Helen was able to Iravel to Zug in Switzerfand to speak al 8 ladies retreat for 'Lift Church. there. It wa$
another opportunity to go and encourage another local church. At the end of October we welcomed Bunna Yin and
team from Cambodia for a long weekend with us at FTC. They were visrting a number of churches in the UK and It
was a joy to have them here in th8 UK and for our church to meet Ihem in person. At the end of October we
tr8velled to Dreseden wlth a team from the church to be part of the 'Activale' conference. This is run by the Activate
network which is a team of church leaders that are involved in church planting into Eastern Europe and other parts
of the world. It was encouraglng lor all of us to be part of this.
In November Ant was able to travel to India for 10 days wtlh Wayne Neuper from the Actlvat8 team. There they
preached at some evangelisti¢ ¢wsade events and also did leadership training in conferences with local church
leaders. This was a productive and fruittul timè for the churches and leaders there. Sn the second half of November
we hosted a team from Summit Trek coaching the US to do some training with a key group of business rfiople In
our church. This was wrth the view to launch a business forum lo help business people in the market place and to
help people in our church to have tools to share their fallh in the market place. The business forum has since
launched thls year and is proving to be an outstanding ministry in the church. Lastly in November Ant and Helen and
a team travelled down to Sl Auslell to encourage 'l4lJhlle River Church" a local church there with whom we have a
friendship. Again it was an encouraging and fruitful time.
In Decembèr we enjoyed our nomial Christmas programme and it is always a highlight to see how many visitors we
and through the church over the Christmas and New Year period.
The new year in January got off to a flying start. Anl was asked to do five days of leadership traning in Sophla
Bulgaria with some church planleis there. 11 was a joy lo go and see what 15 happening there and how new church's
are being planted and to be a part oflhis In a small way.
In February Jonny and Alex De Garis were Inviled by Ashley and Nadine Bell to SA to the church in 8ryanston there.
They received some training In worship and exposure lo other areas of the thurch that will help them with what they
are responsible for here. 11 was a great opportunity for them to exposed lo another church context and to be
encouraged there.
And lastly in March we look our staff team lo hear Tom Holland and Justin Brierly speak at Westminster chapel on
the 'Surprising rebirth of belief in God" the ts'tle of Justin's new book. 11 was a most slimulaling and Encouraging
eveningl
In summary - this last year has been enlarging and encouraging and we look back on all that has been achieved
and sovm into many areas with much gratitude to God and his people.

FOREST TOWN CHURCH TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Flnancial rnviow
The charitys Income from donations and activities increased during the year, up from £305,535 in 2023 to
£349,365. Expenditure decreased from £327.73110 £312,922. The ¢harity held total funds at 31 st March 2024 of
£2,004,199{2023.' £1,967.7561 of which £1,998,337 y￿re unrestricted (2023.. £1,964,215), £0 designated12023.' £0)
and £5,862 (2023.. £3,541) restricted. Of the unrestricted funds £1,968.921 (2023.. £1,941,790) can only be realised
by disposing of the church building., this figure is calculated using the book value less the mortgages charged over
the building. The charity has free reserves of £29,415 (unrestricted reserves less the realisable book value of fixed
assets as defined above) at 31 st March 202412023= £22,425). The trustees do not have a reserves policy which
cov8r8 the free resep48s but the management are taking steps to improve the free reserve position.
It 18 the policy of the charity that cash be maintained at a level to maintain adequate funds to cover salarias and
rental agreements if needed, and to save towards repayln9 the mortgage on church building. The Ifustees set a
budget annually and monitor cash flow to ensure their Ilabilities can be met. During the year the tharity's cash
posltion Improvèd, but Is not yet at a level which would fully sallsfy th8 policy. Conslderalion Is glven to ways In
which additional funds may be raised.
The tru$te8s have assessed the major risks to which the charlty18 exposed, and are satisfied that systems are In
place to mltigate exposure to the malor risks.
The charty18 funded primarily through donatlons recelved from members of the church congregation. The funds
re¢elved 8r8 used to pay staff, repay the mortgage and malntsln Ihe church buildin9. Thls expendilur8 enabled the
church to provide church services for the benefit of the church members and the l¢)cal community,. th￿igh the
provlslon of th8s8 86rvlces it has achleved Its objectlves durlng tho year.
Th8 tru8t888 plan to contlnue to operate the church'8 core activltie8. belng the provlslon of ehurth sepiic68 for the
benefit of Ihe local community and to have a positive Impact on the liv88 of those attending through the promotlon of
Chrlstlan value8.
One of the obvlous way8 that people were affected by the lockdown was finandally. Many people, were lurfoughed
or had their working hours reduced. We felt as trustees that we could help in a small way by setting up
benevolence lund to help individuals that might be affected over th8 course of the year. We agreed that would
conslder requests for help on a case by case basis and that our help would be only for a limited period and also
would hav8 a cèiling of how much we would give for each sltuatlon. We have helped a number of church members
this year and It has been a privilege lo be In a position to do 80.
Structure, govemanco and management
The charity Is a company Ilmlted by guarantee and govemed by It's Memorandum and Articles ofAssoclation.
The trustees, who are also the directors for the purpose ol company law, and who served during the yeaT and up to
the date of slgnature of the financial 8tatem8ntS W8r8:
Win Walker
(Retired 13 March 2024)
Anthony Michael Rist
Ann8ke Vjhelan
Edmund Chan
Clive Case
Gareth Houghton

FOREST TOWN CHURCH TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Recniilment and appoinlmènl of Iwstees
The trustees are appointed in accordance wilh the guidance s8t out In the Chafilies Commission, the requirements
set out by the Companies Act 2006, and the requirements set out in the Memorandum and Arti¢les of Association.
Trustees are appointed by ordinary resolution, provided the appointee meets all the requirements.
New trustees are nominated from within the congregation by the existing trustees and elders who are the Memb8rs
of the charity. New trustèes are provided with details of the charity's goveming documents. trustee r8POrts and
finanual statements and a full background on the charity's activities. Thèy are also encouraged to access the
Charlty Commission website for details of trustee responsibilities, governance guidelines and legalfties.
induction process has been devised to ensure new trustees become fully familiar with the workings of the charity
following their appoinlmenl. The appointed tnjstees are then registered with Companies Housè by the Charity
secretary.
None of the trust8e$ has any beneficial interest in the company. All of Ihe Iruslees are members of the company and
guarantèe to contribute £10 In the event of a winding up.
Day to day operation of the charity 1$ delegated to Anthony Ri8t, who Is consldered key management personnel.
The trustees, report was approved by the Board ol Trustees.
Ant
ony Michael Rist
Dlrector and T Stee
Dale..
11(L(%y

FOREST TOWN CHURCH TRUST
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2024
The trusteès. who are also the directors of Forest Town Church Trust for the purpose of company law, are
responsible for preparin9 the Trustees, Report and the financial statements In accordance with applicable law and
United Klngdom Accounting Standards (United Kingdom G8nerallyAccepted Accounting Practice).
Company Law requires the trustees to prepare financial statements for each financial year which gNe a true and fair
view of the state of affairs of the charity and of the incoming resources and applicakn'on of resources. in¢ludin9 the
in¢ome and expenditure, of the charitable company for that year.
In preparing these financial statements, the trustees are required to..
select suitable arxounting pollcies and then apply them consistently,.
- observe the methods and prlnclples in the Charilies SORP:
make ludgements and estlmates that are ieasonable and prudent;
slate whether applicable UK Accounting Standards have been followed, 8ubject to any materlal departures
disdosed and explalned In the financlal 8tatement8,' and
prepare the financlal statement8 on the going concem ba81s unle88 It18 inappropriate to pre8um8 that the charlty
wlll contlnue In operation.
The trustees are rasponslble for keeping adequate accountlng records that disclose wllh reasonable accuracy at
any tlmè the financial posltion of the charhy and enable them to ensure that the financlal statements comply with the
Companies Act 2006. They ar8 a180 responsible for safeguarding the assets of the charity and hence for taking
rea80nable steps for the prevenllon and detection of fraud and other Irregularitie8.

FOREST TOWN CHURCH TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF FOREST TOWN CHURCH TRUST
I feport to th8 trustees on my examination of Ihe financial statements of Forest Tovm Church Trust (the charity} for
the year ended 31 Mar¢h 2024.
Responsibililies and basls of rèport
As the trustees of the charity (and also its directors lor the purposes of company lawl you are responsible for the
preparation of the financial statements in accordance V￿th the Tequirements of the Companies Act 20(E (the 2006
Act).
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of
the 2006 Act and are eligible for independent examination. I report in respect of my examination of the charity's
finanual statements carried out under section 145 of the Charities Act 2011 Ilhe 2011 Ad). In carrying out my
examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(bl
ol the 2011 Act.
Indopendent éxamlnorfs stat•mont
Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed In section
145 of the 2011 Act. I confirm that l am qualified to undertake the examlnation bècause l am a member of Institute
for Chartered Accountants in England and Wales {ICAEW), which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connectlon wlth the
examination giving me cause lo believe that in any material respect..
accounting records were nol kept in respect of the charity as required by section 386 of the 2006 Act; or
the financial statements do not accord wrth those records.. or
the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other
than any requirement Ihal the account8 give a twe and fair vlew whlch Is not a matter considered as part of an
independent examination; or
the financial statements have not been prepared in accordance wlth the methods and PTin¢lples of the
Statement of Recommended Practice for a¢￿untIng and reportin9 by charittes applicable to charities
preparing their accounts in accordance With the Financial Reporting Standard applicable in Ihe UK arKI
Republic of Ireland IFRS 102).
I have no concerns and have come across no other mallers in connection with the examination to whlch attention
should be drawn in this report In order to enable a proper
derstanding of the financial stalemenls lo be Teached.
Nlcholas Corden, ACA
Sheraton House
Lower Road
Chorleywood
Hertfordshire
W03 5LH

FOREST TOWN CHURCH TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Currnnt financlal year
Unrostrictod Rostrlcted
fund$
funds
2024
2024
Total
Total
2024
2023
Not•s
Donations and legacles
Charitabl8 activitl8S
Other trading activities
Investments
337,825
8,038
1,093
253
4,156
341,981
6,038
1,093
253
304,522
1,013
Total Incomo
345.209
4,158
349,385
305,535
Charitable activities
311,087
1,835
312,922
327.731
Net Incomlngl{outgolng) rowurco8
34,122
2,321
36,443
{22,196)
oth•r r•cognlMd galns and lts••••
Revaluation of tanglble fixed assets
Other galns or10$888
560,000
13
Not movement In funds
34,122
2,321
38,443
537,838
Fund balances at 1 Aprll 2023
1,964,215
3,541
1,967,756
1,429,918
Fund balances at 31 March 2024
1,998,337
5,862 2,004,199
1,967.756
The statement of financial activlties Include8 all galns and Iosp*es recognised in the year.
The statement of financial activltles Includes all gains and losses recognised In the year. All income and expenditure
derive from continuing activities.
The 8tatement of financial activities also complles with the requir8m8nts for an income and expenditure account
under the Companies Act 2006.

FOREST TOWN CHURCH TRUST
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Prlor flnanclal yèar
Unrnstrlctèd Oeslgnated Rostricted
funds
funds
funds
Tolal
2023
2023
2023
2023
Nota8
Donations and legacies
Other trading activities
296,232
1,013
8,290
304,522
1,013
Total Income
297,245
8,290
305,535
Charitable acts'vities
267,294
45,451
14,986
327,731
Gross transfers between funds
Not Incomlngl{oulgolng) rosource8
(1,079)
28,872
12,408)
(47,859)
3,487
(3,209)
(22,196)
Other rocognlged galns and lossos
Revaluation of tangible fixed assets
Other gains or Ios8es
560,000
34
580,000
13
Net movemont In funds
588.906
(47,859)
13,209)
537,838
Fund balances at 1 April 2022
1,375,309
47,859
6,750
1,429,918
Fund balancol at 31 March 2023
1,964,215
3,541
1,987,756

FOREST TOWN CHURCH TRUST
BALANCE SHEET
ASAT31 MARCH 2024
2024
2023
Notes
Flxed assets
Tangible assets
14
2.213,097
2.243,481
Current assets
Stocks
Debtors
Cash al bank and in hand
15
16
175
5,841
39,825
5,789
46,082
51,851
45,641
Credltors: amounts falllng du• wlthln
ono yoar
18
(74,479)
(78,288)
N•t curr•nt Ilablllti
122,628)
(32,647)
Total a88•ts1088 curr•nt Ilabllltlo8
2,190,469
2,210,834
Crodftors: amounts falllng duo •ft•r
moro than on• yoar
19
(188,270)
{243,078)
Not a•iot•
2,004.199
1,987,758
Th• funds of th• eharlty
Restricted income lund8
Unrestricted funds
20
21
5,862
1,998,337
3,541
1,964,215
2,004,199
1,967,756

FOREST TOWN CHURCH TRUST
BALANCE SHEET (CONTINUED)
ASAT31 MARCH 2024
The charity is entitled to th8 exemption from the audit requirement contained in Section 477 of the Companies Act
2006. lof the year ended 31 March 2024.
The trustees acknowledge thelr responslbililies for ensuring that the charity keeps accounting records which compty
with section 386 of the Act and for preparing financial stotemenls vthich give a true and fair view of Ihe state of
affairs ol the company as al Ihe end of the financial year and of ils incoming resources and applicaion of resources,
including its income and expendilure. for th8 flnancial year in accordance y￿th the requlrem8nts of sections 394 and
395 and which otheprtise comply with the requireménts of the Companle8 A¢t 2006 relating to financial statoments,
so lar as applicable lo the company.
The members have not requlred Ihe company lo oblaln an audll of118 financlal slatèmenl$ for the year In question In
accordance wllh section 476.
Thèse finanrial stalaments have been prepared in accordance with the provisions applicable to c(xnpanles subject
lo the small companles regime.
The financial stateme
27.11.2024
8 were approved byihotrusleeson.........................
Anthony MIC
81 Rist
Dlr•ctor and Tru•t••
Company reg58lrats.on nUM￿r 04445279 {England and Walesl
10-

FOREST TOWN CHURCH TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng polkl•8
Charlty Infomiatlon
Forest Town Churth Twst is a private company limited by guarantee incorporated In England and Wa18s.The
registered office is The Venue, Lyon Way, StAlbans, Hertfordshire, AL4 OL8.
1.1 A¢¢ountlng convention
The financial statements have been prepared In accordance with the charity's govemlng document, the
Companies Act 2008, FRS 102 'The Financial Reporting Standard applicablè in the UK and Republlc of
Ireland. ('FRS 102.) and the Charities SORP "Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities prepaTlng their accounts in accordance with the Financlal
Reporting Slandard applicable in the UK and Republic of Ireland {FRS 102)" (effective 1 January 2019). The
charlty 1$ a Public Benefit Entity as defined by FRS 102.
The ch8rlty has taken advanta98 of the provlsions in the SORP for charities not to prepare a stat￿nent of
Cash Flows.
The financlal statements are prepared In sterflng, whlch Is the functlonal currency of the ¢harfty. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the hlstorical cost convention, modified to indude the
revaluallon of freehold properties and to include Investrnent propertles and certain financial InstrLments at falr
value. The prlncipal accounting policies adopted are set out below.
12 Golng cone•rn
At the time of approvlng the finandal statement8, the trustees have a reasonable expe¢tatlon that the charlty
has adequate resources to contlnue In operatlonal existence for the for88eeable future. Thus the trustees
continue to adopt the golng concem basis of accountlng In preparing the financlal statements.
1.3 Charlt•bl• fund•
Unrestricted funds are available for use at tho dl8cretlon of the trustees in furtherance of thelr charitable
oblectlves.
Re8trlcted funds are subject to specific conditions by donors or grantor8 as to how they may be used. The
purposes and use8 of the restricted funds are set out In the not88 to the financial slatements.
1.4 Incom•
Income Is recognised when the charity is legally entitled to it after any pertomianc8 condrtions hav8 been mel,
the amounts can be measured reliably, and it is probable that income will be received.
Cash donatlons ar8 r8cognlsed on recelpt. other donations are recogni98d once the charlty has been notified
of the donation, unles$ perfomiance conditions require deferral of the amount. Income tax recoverable In
relatlon to donations recelved under Glft Aid or deeds of Covenant is recognised at the time of the donati￿.
1.5 Expondlture
Resourc8S 8xpend8d are Included In the Statement of Flnanclal Actlvittes on an accruals basis and where
relevant are stated inclusive of VAT.
Govemance costs comprise all costs relating to public accountability of the charity and its compliance with
regulatlon and good pradi¢e. These costs include Costs relating to the Independent Examlnatlon.
11

FOREST TOWN CHURCH TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng pollcles
(Continuad
1.6 Tanglblfr flxed ass•ts
Tangible fixèd assets are initially measured al c05t and subsequently measured al cost or valuation. net of
depreciation and any impairment losses. Freehold land and buildings are revalued every &5 years bas8d
upon the ¢urrent market value with any Impairment below cost being recognised within expenditure on
charitable activities. All gains are recognised within the revaluation reserve, unless they represent the
reversal of previous losses which have passed through charitable expendilure; in this case they arè reversed
through charitable expenditure to the extenl of the previous impaifment.
Depreciation is recognised so as to wrrle off the cost or valuation of assets18$s Ihelr residual values over their
useful lives on the following bases..
Freehold land and buildings
Fixtures and fittings
Computers
MotOT vehicles
Audio Equipment
None
250h straight line basis
25% straight line basis
25% straight line basis
25% straight line basis
The gain or loss arising on the disposal of an ass8t is detemilned as the diff8rencè between the Sale proceeds
and the carrylng value of the asset, and Is re¢ognised in the statement of financial activities.
1.7 Impalrnlent of flxad assot•
At each reporting end date, the charity revlews the carrying amoun18 of its tanglble 8888ls to determine
whether there is any Indication that those assets have Suffered an impaimient loss. If any such Ind￿atIOn
exisls, the rewverable ar￿Unt of the asset Is estimated In order to determine the extent of the impalrment
loss (if any).
1.8 Slocks
stocks are slated at the lower of cost and estimated selling price less costs lo complete and sell. Cost
comprises direct materials and, where applicable, direct labour costs and those overheads Ihat have been
Incurred in bringing the stocks to their present location and condition. Items held for distribution at no or
nominal consideration are measured the lower of replacement cost and Cost.
Net realisable value 18 the estimated selllng price less all estimated costs of completion and costs to be
incurred in marketing, Selling and distribution.
1.9 Cash and ca•h equlvalent8
Cash and cash equivalents include cash in hand, deposit5 held al call wilh banks, other short-term liquid
investments with original maturities ol three months or less. and bank overdrafts. Bank overdrafts are shown
within borrowings In current liabilities.
1.10 Flnanelol Instruments
Baslc flnanclal assots
The Company only has financial assets and financial liabilities of a kind Ihal qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured at amortised cost.
1.11 Employoe ben•flts
The charity operates a money purchase pension scheme. The contributions due in the year are charged to the
Statement of Financial Activities as they fall due.
12-

FOREST TOWN CHURCH TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Critl¢al accountlng estlmates and Judgement8
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates
and assumptions about the Carrying amount of assets and liabilities that are not Teadily apparent from other
sources. The estimates and associated assumptions are based on hlstorlcal experience and other factors that
are consldered to be relevant. Actual results may differ from these estimates.
The estimates and underfylng assumptions are reviewed on an ongoing basls. Revlslons to accounting
estimates are recognised in the period in which the estimate Is revlsed vthere the revision affects (￿lY that
Period, or In the period of the revision and future periods where the revision 8ffeds both current and future
periods.
Income from charttablo actlvltlo•
Unr•strlctod Unre8trlctod
funds
fund•
2024
2023
Other In¢om•
Other income
6.038
Incom• from oth•r tradlng actlvltl••
Unr••trlctod Unr08trlctod
funds
fund•
2024
2023
Membershlp subscriptions and sponsorshlps
1,093
1,013
Income from Investmonts
Unrostrfctod Unrostrlct•d
fund8
fund8
2024
2023
Interest recelvable
253
13-

FOREST TOWN CHURCH TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Expendlture on charllablè actlvltios
Unrèstrlcted Restrlcled
Funds
Funds
2024
2024
Total Unrestrictod Rostrlcted
Funds
Funds
2023
2023
Total
2024
2023
Direct co$t8
Staff costs
Dèpreciation and
impairment
Premises Expenses
Du8s and Subscriptions
Insurance
Interest Paid
Miscellaneous Expenses
Prlnting, Posting and
Stationary
Hospitallty
Travel Costs
Trainlng
Leaders, singles and
ma￿lage Weekends
Marketing and Events
Telephone Costs
Outreach IIVork
108.119
108,119
90,566
90,566
31,584
21,461
4,100
5.396
12,142
1,330
31.584
23,296
4,100
5,396
12.142
1,330
20,859
75,695
3,690
4,749
11,626
1,375
20,859
82,736
3,690
4,749
11,626
1,375
1.835
7,041
4,551
6,185
4,515
3,520
4,551
6,185
4,515
3,520
3,122
5,997
3,357
171
3,122
5,997
3,357
171
3,413
1,327
1,529
10.130
3,413
1,327
1,529
10,130
2,482
627
1,306
2.212
2,482
627
1,306
2,212
219,302
1,835
221,137
227,834
7,041
234,875
Grant funding of activities
(see note 7}
9,170
9,170
12,650
12.650
Sharo of 8UPPOrt and governance co8t8 (see note 8
Support
69,381
Governance
13,234
69,381
13,234
63,745
16.461
63,745
16,461
311,087
1,835
312,922
320.690
7,041
327,731
Analysls by fund
Unrestricted fvnds -
general
Unrestricted funds -
designated funds
Restricted funds
311,087
311,087
267,294
267,294
45,451
7,945
45,451
14,986
1,835
1,835
7,041
311,087
1,835
312,922
320.690
7,041
327,731
14-

FOREST TOWN CHURCH TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Grants payablo
Unrestrl¢tod Unrostricted
Funds
Funds
2024
2023
Grants to institutions-.
UFM (A Worsop)
Daughters of Cambodia
UCCF
Young Life
Ukrainian Church
3,600
2,012
1,200
3,800
1,000
1,200
600
3,000
6,812
9.400
Grants to Indivlduals
2,358
3,250
9.170
12,650
15-

FOREST TOWN CHURCH TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Support costs
Support Governance
o$t8
costs
2024
Support Governancè
¢osl$
costs
2023
Staff costs
Bank charges
Telephone
Information technology
costs
64,406
1,329
1,529
84,406
1,329
1,529
59,496
974
1,306
59,496
974
1,3C6
2,117
2,117
1,969
1,969
Independent Examination
Fees
Accountancy
2,472
10.762
2,472
10,762
2,472
13,989
2,472
13,989
69,381
13,234
82,615
83.745
16,461
80,206
Analysed between
Charitable activlties
69,381
13,234
82,615
63.745
16,461
80,206
Governance cosls includes payments to the independent examiners of £2,472 (2023: £2,472) for independent
examlnation fees.
Not movoment In fund8
2024
2023
The net movement in funds is Stated after chargingllcrediling}'.
Fee5 payable for th8 independent examination of the charity's financial
statements
Depreciation of owned tangible fixed assets
2,472
31,584
2,472
20,859
10 Trusteos
Ouring the year 8 director and trustee, Anthony Risl, was pald a salary of £28,849 for pastoral services in
accordance with the clause5 governing the remuneration of trustees contained in the Memorandum of
Association. Total contributions of £11,641 were paid in respect of the trustee's pension In the year.
It Is the trustees, view that in order lo apply Biblical prln¢iples it 1$ necessary for the Eldership team to be
represented on the board of directors. As a leam is that of a husband and wife. the spouse of the full time
Elder is paid a salary for the work undertaken.
Trustee Clive Case was paid a salary of £11,671 (2023.. £9,719) for his work as part of the pastoral team. Total
contributions of £2,594 were paid in ￿SpeCt of the trustee's pension in the year.
No other Trustees received any remuneration or ber)efits from the charity during the year.
18-

FOREST TOWN CHURCH TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
11 Employ008
The average monthly number ol employees during the year was: 9
2024
Numbor
2023
Numbor
Minister (director and trustee)
Leader
Administrative
Youth worker
Pastoral support
Bulldings manager
Tolal
Employm•nt costs
2024
2023
Wages and 8alarle8
172,525
150,082
The totsl amount of employee beneffts pald to key management per8onn81 for thelr ser4l¢e8 to the charlty
were £41,152 (2023: £45,118).
There were no employees whose annual remuneration was more than £60,000.
Romunerallon of key managemont por•onno1
The remuneration of key management personnel was as follow8..
12 T•xatlon
The charity is exempt from lax on Income and galns falling within section 505 of the Taxes Act 1988 or sectlon
252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to ils charitable objects.
13 Other galns or108808
Unrgstrfcted Unr••trlcted
funds
funds
gonèral
g•n•ral
2024
2023
Foreign exchange gains
(34)
Total
(34)
17-

L)<2 z o<

FOREST TOWN CHURCH TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
14 Tanglblo flxed assels
(Contlnued)
Land and buildings with a carrylng amount of £1,680,000 was revalued at 28th October 2022 by Brasler
Fr88th, independent valuers not connected with the charity on the basis of market value. The valuation
conforms to Intemational Valuation Standards and was based on recent market transactions on arm's lèngth
terms for similar properties.
This propety was valued at £2,240,000. and has been revalued In the a¢￿Unts to reflect this. The historic
¢ost of the property was £1,423,224.
15 Stocks
2024
2023
Finished goods and g¢)ods for resale
175
16 Debtors
2024
2023
Amounts falllng due wlthln one yèar..
Other debtors
Prepayments and accrued income
5,769
5,165
676
S,769
5,841
17 Loans and ovordrafts
2024
2023
Bank loans
243,079
298,210
Payable wlthln one year
Payable after one year
56,809
186,270
55,132
243,078
The bank loans are Secured by a charge over the charity's freehold property and other fixed assets.
A bank loan of £600.000 was obtained from Clydesdale Bank PLC in Awil 2008. This is a capital repayment
loan, repayable over 20 years. Inte￿$t 1$ charged on the mort9age at a rale of GBP Llbor + 1.25%. The
amount outstanding at 31 st March 2024 was £168,928 {2023.' £203,348).
A bank loan of £274,000 was obtained froffl Clyd8sdale Bank PLC In November 2008. Thls 1$ a capital
repayment loan. repayable over 20 years, with no capital payments for the first 29 months. Interest is charged
on the mortgage al a rate of GBP Libor + 1.5%. The amount outstanding at 31st March 2024 was £78,807
(2023.. £94,864).
19-

FOREST TOWN CHURCH TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
18 Credltors: amounls falllng due wlthin one yoar
2024
2023
Notos
Bank loans
Trade creditors
Accruals and deferred income
17
56,809
14.270
3,400
55,132
20,134
3,022
74,479
78,288
19 Cr•dltors: amounts falllng due after more than one y•ar
2024
2023
Nole8
Bank loans
17
186,270
243,078
20 Restrlcted funds
The restricted funds of the charity Comprise the unexpended balances of donations and grants held on trust
subject to specific condtlions by donors as to how they may be used.
At 1 Aprll
2023
Incomlng Rosourc•8
r•sourcg$
•xpended
Transf•r* Al 31 March
2024
Relugee Fund
Oversea$ missions
Hardshlp Covid-19 fund
Guitar Fund
700
1.580
1,281
700
(1,580)
(255)
1,006
4,156
4,156
3.541
4,156
(1,835)
5,862
Previous ygar:
Al 1 Aprll
2022
Incoming Resources
résou￿09
oxpendod
Transfers Al 31 March
2023
Refugee Fund
Overseas missions
Dau9hters of Cambodia
Hardship Covrd-19 fund
950
6,340
1,000
(250)
(13.738)
{1,000)
700
1,580
5,489
3,487
1,261
1,261
6.750
8.290
14,986
3,487
3,541
-20-

FOREST TOWN CHURCH TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
20 Restricted funds
(Contlnued)
All restrictions arise Nthen spedfied by the donor or when funds are raised for a particular purpose.
The Overseas mlssions fund arises from donations received by the charity to support missionary wo
completed in Cambodia and various other countries when members of the church vlslt.
Daughters of Cambodia fund arlses vthen the charity receives donations for "Daughters of Cambodia" a NGO
bas8d in Cambodia to which the charity provides grant funding.
The Hardship Covi&19 fund 1$ a benevolence fund set up to help Individuals affected by the pandemic on
case by case basis.
21 UnMstrl¢tod fund•
The unrestricted funds of the charity comprise the vnexpended balances of donation$ and grants vthlch are
not subject to specifi¢ Conditions by donors and grantors as lo how they may be used. These include
deslgnated funds which have been set aslde out of unr8strided funds by the trustees for spedfic purposes.
At 1 Aprll
2023
Incomlng Rosources
r•sourco•
oxpendod
Transfers
Galn$ and At 31 March
108se8
2024
General funds
Revaluation
reserve
1.077,439
345,209
(311.087)
1,111,581
888,776
888,776
Prevlous yèar:
Incomlng R••oure•g
r•sourco•
•XP8nd
Tran•f•rs
Galn• and At 31 March
losses
2023
2022
Mission fund
Roof fund
General funds
2,408
45.451
1.000,874
(2,408)
(45,451)
(221,843)
297,245
1,329
1,077,439
1,048,533
297,245
267,294
{1,079)
1,077,439
Revaluation
reseNe
326,776
560.000
888,776
Misslon fijnd represents budgeted funds set aslde for mlsslon whl¢h did not occur during the year due to the
Covid 19 pandemic.
Roof fund represents funds set aside to complete the refurbishment of the church roof.
-21

FOREST TOWN CHURCH TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
22 Analysis of net assets between funds
Unrèstricted
funds
2024
Reslrictèd
funds
2024
Total
2024
At 31 March 2024".
Tangible assets
Current asselsl{liabililies)
Long lemi liabilrties
2,213,097
{28,490)
{186,270)
2,213,097
(22,628)
(186,2701
5,862
1,998,337
5,862
2,004,199
Unrestrlcled
funds
2023
R08trlctod
funds
2023
Total
2023
At 31 Mar¢h 2023:
Tangible asse18
Current asselsl(liabllitles)
Long iemi liabilities
2,243,481
(36,188)
1243,0781
2.243.481
(32,647)
(243,078>
3,541
1.964.215
3,541
1,987,7
23 Relatod party transactlons
During the year, total unrestricted donations were received by the charity from the trustees of £38,100 {2023'.
£40,550).
Helen Rist. received a gross salary of £24,342 (2023.. £23,334), for services as part of the Eldership team.
-22-