REQISTERED COMPANYNUMBElk 04438579 (Engl4ndandWdo8) REGISTERED CIIARITY NUIABER: 10947a9 forth• YMTEnd•d31 D•¢thnb•r2023 QRACE FouiifAIII CHIIRCH UMfiED (ACOMPANY UMITED BY GIJAHAiifEE)
BRACE FOIMITAIN CHURCH LIMITED Conl•ollho Fhwiilalslatomonls FOR THE YEAR ENDED JI DECEMBER2023 Pag• oportolll Trngl•oB I lo hMl•p•nnl Ex•nkn8 Report Slatomwit of FlnthKlal A¢11•$ nc•Sho•t Nolesloth• nmI01 Stal•mo 9 to 14 D•lAllod StatOmOlltdFknartlal A¢Uvltl•s 111
aRACE FOUNTAIM CHUIICH UMITED R0portrfth9Tn1aOS FOR THE YEAR ENDED31 DECEMBER 2023 Th• INslaos who am at80 •¢t•rn ot tho charty foi tho th• Qompwhs A•t womnt ttwlr r•port Iha 11¢1 slat•mwits ol tkn for tho y•ar •Th1od 31 Do¢mth8r 202& Tho tru81088 Imvo adopted tho pnhlsloxj of AEE•ulllkng •nd Roportlnp by Charfllo% Slat•m•ut ol RoMmm•nd•d Pixllco •Aillcoblo to pi•parlng thotr acrqmnts kn awbydango lh tho HRantlal RtyorUNJ appllcoblo Im Iho UK ftgpill¢ ol (FnS102)1offoth1 J•mJary 2ffl91. Oblactlvo•and alrnsollh• tharityw Thg advaAMmort 01 tho CIHlslkn Fdlk at m• amd Aknl by pr(wl• th• Inth ¢oni•mlni a•rf• SO J•8us Chbtsl as In tho Holy Sush othw ¢lwltable Pu069 ag9kn1 lurthor atlalnmelt ol tho alMN• Indmdlry •wporUNJ I tl Unli•d KthW•m aNI owome Pr•mothm ol Yl•u8 Inltruthn In YAlh Ihp ChrlJUan Falh by ol • sehool and vwlwB Inlslth. P¥b¢bInall1 8raÉa F•uAtsln Chw¢h Umkod b eomrnlllod to •nablkng as m•y peoplo as lIbl0 to worsNp at oui tlwr¢h to omo p¥1 91 Iho Chrfstlan 00•mlY kn Wlgan. Fowrtaln Church Llrnlt•d abo WO In eolL•kniallfji wlth olhor chyr¢h•s In Wjgan kn f(v•pulat• lJ¥ a unltod olmrnh i•n tho m•ny grp8 Il•t Tllhln •ur muHIfy. Ow s•nrf¢•i putfallh prthlhYowh prayor,8crfpluN pra1$ w•rnhlpand •A¢rnm• Ow xllvllloi loy tho y•¥ Ymio plAnnod lrto ion6ldwallffi tho Cornml•8l•n gne• •n pum8 kn8fft gnd, In partknl, the spo¢lllo 91¢0 •n tharfllos lor tho alTh¢emenl ol fflon. li we tty to •wblo •rdlr•ry p•opl•to Ilvo •ullMrl•lth as partol tho Chrfstlan St•dy olth•s¢rfpbJr•s WoYsNpaMI Dov•h)plw lhdrkn0wl••ditlTh8l$ Pnwlglon of ¢arnfor pmplo Ivlni Inlho fjornnwnlty MIMIary Ilyough •utr•ach and prowl•lffi ol lkn•nclal8uppwtts locd, RalloMI knl•matlonal 6h¥ll71o ovgonlthllon& Tofxllkn th1• wolk Ill$1mrtanttw9 mAlnt8lDtknl•lxl¢ ol oui (thurch Iwlldlng and *monL Pas01
QRACE FOUNTAIM ¢HURi¥I LIMITED epOrtlhoTlU5 FOR THEYEAR ENDED31 DECEMBER 2028 A¢hlgvementmd porfornwn A¢hlovemont and perfwmanc• FuNlrlry 1. TIM88¢ Mo•tkngts Th•Tru&l•oshold 2 nwtkni8dwlAB the yar. I Ihlmeh Events hold dvlngiho yaAr. 21 19lh F•brwy 2028 Pastor aaolfrnyQodxn pioo(thod on'HDW W wll always a Waf. for 01. 12. 2ah F•lAuwy2023 Pathr Clay LMamb4 Bethel Chw¢h yrffi¢hod on Yh• Provld•° aNI trusllng In aod by 3lh Morth 2023 Pa¥tor Bolly Doe sp on tho slt of your MWl•nshty aod . 'DoM Q•d Know You.. Open to ¢0Mmty1#d mmb•Ysandtholrfamll•s. 2A 121h 2023 Pastor Bolty Doo lh• smweot rf'KMwkn• Gryl Iv Youis•Y' . and how whom yow Mlthnthlp Ib tsht vAth Qod ov•rylllNgfknw& Opon toalL ZS 19lh 2023. Suntsy Paslor Odlospokn •n •1Prn In tho graoe andknovAffllg•of Go& Open toaL 2& 25th Mah 2m. Th• Isyqtto Com¢ l DayConl•m¢e A day ol roshmgnt eNllOI•t Sp••kn and VanM•a IM¢lwd6on, Jll Dull and Sorah Walklrn Buflet pM¥lded l•rallatt•xlo Z7.1•tto 29lh 2023 Qrxo F(Mntaln Chursh Mn a PaMlonlEvaAgDIINn Cwrno l•r11s m•nb•ro and •lhi•, t•a¢hlxg thg Import•ffg 01 EYaw•lsM and Outroa¢ 187th Awll 2023 Eathr Refi01$$•1l8. Qood Fff41ay mnkn9 m•ollng Yoffl•iiknu hellnlth•d •f ChrlsL knokn¢hl•r1homNvIIy,lJrnUy, •dIFIa> 29 glh Apill 2028 Ea6tff R6lleotlon•Sonrt Ow Eastor Ilaffleclkng w•• a •1 hDPO IN Chr1 outreafth lor Iho oommunlty, fwlly, a•d frlend& A bull•t ol Iradtl(mal and lood was soyvod and 411or Iho ai all gath•r•d tojothor Iwo lollDw¥hl Z10.161h Aprf 20ZI P4r John Slolol• okoon"The Inw•rtani• ol Yourmomo". Oponto mnbor8aAd lkn Commthty. 2,11. 31Xh AprM2023 Pr Clffwd 05110 fram Wwd Akn In Golwryi pTwh•d on Tr IMpOnO •f Godly Charaoter.. Ihlrfftoh 2,11 211 2023 lthop Fafall Selly prexh•d Ihe Sulplur• 121.4 'R•rnwlNJ youi mlnd on tlw Word •1 wN¢b wll biknu Iv4rdwm•tl•n tlowb th• SplrfL A wag sh¥NI after th• m•oUng wllb al lh• mombws and tsmll8& Ihlre toalL 213. 28th May 2023 Pathr Q•oflMy G(MIMA s• on lkn ol 'HoldlNJ ont• th• Wwd ol Qod n• matt•r whot you ¥• thfflrylL Opwb to all. PaBg 2
QRA¢E FOIIPITAIN CHURCH UAIITED Rep•rl olthoTrnsteeg FOR THE YEAR ENDED 31 DECEMBERwia 2,14. 111h Jun• 2023 Cel8hrathn OulreAieh pAth Fo1 Fgllfywshty at QMQO Fomrtakn Chw¢h. for Irlgnts Zl& 18th nI 2023 R•vw•nd LawMn¢o Abwye 4xbo tho •1 'Skndlng Slr•ng In th• Lor4 n• rnallw whal ymi 216. 22Rd 23nl &251h Jmo 2023 8plrftual Impxt Conf•ro Blshp F4ts11 S•ly vlthd IIMI ahana, Af pr•• on tho bloBI •1 'llv•aklng Slubbom Challw ovw • thro9.day porfod. Oponto mombors andlhelrlamllkn aiml tho communlty. 217. 20th Auw•12023 Tho Churth SoNlig Applth Yath, a wondtsl day was l•d by al, wlth food and 1olh)w• aft•rth•8wvlcol•ratl oitondoM Thls w080pon lo Iho c•mnwth8wd ThombaTrd Ilwlrlomlll 2,18. 29th Auiusl 21A8 7 Woqk Cowso Qraoo Ffjvntakn ChurGh hgld a 7 W••k Foundalknn eollrn• for n•w m•nors tl Word ol God, dto walk In Ih•l&ht ol th• W•nl, 114171h 2023 Dr. Panton Ok0# preathod i mossago •f'ParlnoMNpvJhh Èof b•lnyo rAw •ruUon kn Chrfrt Opon to allaNI lh• ¢omthwliy, 22a 24th 8•pt•mbor 20 Pa¥lor Qeoffw QfjdwTh Pr• thul t• Sm tho bjsi, and Imsw Jowl wont Hls In pY•pr I10MlS1ry. to d. 221.111 Orol8r 202a All Ill¥r Sunday auosl Sp•thY R•ver•NI IAordood Tthl Gh•M. A dly of wlYoKh and I•ll0h1 01 QK, wher• al •ur membern dl•d In tknli Iradlllonfil ollli frnm varf•us oouMtrIM, and tharad Ira(IllOn10Qd dlshes wlh othor m•nb•r& Op•nl•laMWy mombors Ind th•Suynftlng ¢ommwliy. 22Z 15th 2023 Pastov Olarthdo Talwo preaild on tho ol 'Th• ol Flr•" Ib)w.lo H¥1Th lovq amd Ilvg ID God. Op•n to 2.U191h Ilov•n•r202a PaGtw aooffmy aodson s•(kn aknut Yot lowthl•u your aniktt booowo •1 st11• you aro golll• Ihrough. Tth8 Btsh•p JoYonh 8ornado woi¢h•d on th• ol 'Enththi Tlvoullh All Your Advwth Tiwung aof. Opo toalL 225. MI DoMnth•r 2023 llldm Pwly. A wMdarf day ol pirty garno9 Ind lood and fdlowthlp lor th• ihllthen ol Irao• Fountaln (w¢h andlarnlly momborn, ¢hlldr•n. Eath ¢hHd ro¢oIved a thrbtms prn8•ntand p•ty ba 110vor lan Ikxwl from S¢oll•d to spe aboul hls Ille bol•r• and after booomlng • Chrl$iian. Opffi L27 7th Doeombor2023 Arowd thfrTrng Wkn St•dknh Ban4 hrthd by our L•¢ Counclkv C•nvrdyi and th• knpull Fornm, lo1•W by a buffot lorlamly, frIMdsad Mmmurftyat Iho Chuffl IX glh Da¢•mbgr 2023 WR Ww*lp, hold at Qra¢o Fomt4kn Chuth, wllh our 8pedHI th• Dt Wly¥n •nd l•¢•l Srtholos and surYouMdlThJ area Comclllorn. An •ulr•xh ov•nln• wlth Chrfgtmu CaiDl8 lor tho l•wn of WOB pr•vldod after1he M•yotwl tn0[N, and Al tho thndaos, Pag• a
QRAGEFI)uiifAIM CHURCH UMITED Report of IhoTrustu3 FOR THE YEAR ENDED31 DECEMBER 2023 22& 1Qlh Dw•mboY 2028 Palknw Goothry Qo(o w•aohod Yha Ptscl Tlmknl ol Q(Ml" how not t• iulh lrto dluall•ni arnl walt kn tho lorrfs wldMo•. Op•nt• m•mborn and the 2,30171h Dqoember 2028 Th$ylvkng S•Th10O A Soyvkno t• God. Otha¢h lor Irlfjnds, famly a•d tho ¢omrnunlty. A dl.dwn dlrnw lor dl •tt•ndo08 was pmldodaftorlhosoThlM, •d a womdorful Ilm• fjf felloYAhlp wa•had by d, 2.31. 24th Il•¢embor2023 Chrfslmas SoThlM holil at GFC to colehrato th? IVUO lmllbn for Clwlltmas . Jes Clvhl. A lomly 8or¥ke loi all omheY8aNI th•tr larnlly and lyi to tho ••rnmurfty. Z82 31st Dec•mbpi 2021 var Sorvloe A h•ll kn Ih•ov•nlry to 8•l•hrlh¢si•rt ota Ilvw Y••ri opqnt•alk a Tho Womon'i Mlnlitry. WomeTr rf Suli Th• W•nion Ilatstry held monthty moolkngs ovwy thlrd tro•llkput tho . Wllh Pmkn arnl WorqhW, Th• Word,aNI Pray•r. Opon totho Bommrttyand m•mlern Tho Ihuglkn ofztm. Youry WoTh•n'8 Th• young Women ffllnlslry hgld weekly xoom mo011 tInOt tho yoar ¢ov•thg a varjed MHg• •f lub¢ t h8lp dal tho giowlh (4t11 I•0n$hI kn chSL We•kly Prayw IAedngglBlbloStud W•eklyPMyer M•olkngblBlble w•ro ¢d •ul wMklythrwtth•y•w. IAonllty Pry IAo•lthN wlth Woriwp, Indudlry tor 2 • •aEh mwlh, pawo (rrlod wt At th• 4Md •f •ach monllL FIMnl P•rf•nbWACO ljuthg the yojr Iho thailty r¢¢olved to 04342 (2022 £903J41 Trtal oxp•ndllur• Iw th• yoOV was£97•12022 £77A47I Thus ihlNJ a pttrIb0V •t£5,57912022 prollt£l&907 At 31 DoMmbor 1101 book v0 ol wo•th, ptsrt and o•mplslhg th•Ych ld9 olllt• olwffh oqu¥mffil was £88,874 {2022 £92W). 8880ts comprfslng ¢xh bAlirn•s al bollk l and dobto brneS totsltsd £98,195 12022 £79,398), U•blllllos of tho ¢h•rlty at yaw orn1 nounl•d to £4611 12022 £8841. Th1•1 luNdB•fth•¢hwlty r•pr•8•ntqd bytolalaxotsl#s11obltlgMwas £17W812022£1N879 Total Ivlnw lo MIMlon dwlry Iho flnonotsl year I19 3181 D•c•mbor 2023 lo £423312022 Hlao) s•ntlry &l%12022 %) •1 lolAI Inoomolortheyear. aiDry¥ HoMwaAd Prakn b• •w Qod ltyavor and 6v•rl Q•vornlKI d•cumont Iho thailly li ¢onInl•d ty118 docurn•nl> • ol trrf tomlllutss a Ihrflod ¢ompy, Ilmll•d by 1MAte4, alnl by*0 CompmlosAIt P4J•4
GRACE FOUNTAIMCHIIRCH UMITED Report•ltho TMsto01 FOR THEYEAR ENDED31 DECEMBER 2023 Grxe Flwnlokn Cknrlh Llmll•d 1$ a iharllibj• I)ompY Ilmlt•d ty guarantso, lrtoiporatod M 14 Ilayy 2002 &9 Growou Clals11an Followqh and rtytstsr a8 a Ihartly M 22 MoV•mr, 2001 Th• nam• •hmged t• GY4c• FoMnt•kn thurih Umltgd on 201h Mov6nor 2014 Tkn ¢onwany wai 08tahlled der a Memorandum ol AsM¢Wlon whl¢h 6stthl4hed •WoclI •nd ptsw•rn th• ilwllalkn company and Is govwnod Ill •xll¢s ol •48ocIth In th•ov•nt olttho Mmpary b•lng wound up men•Yswe re41¥1•rt0 amowrt ol £1. AppoknlM•ntol Tntstèes A$ 9et out In tho All10$ ol A8wclDlknn now tnMtso8 ar• •l•¢1gd ty m•mbeM ol th• th•tt¥bl• lkny alltyln a¢cOAla wllh any ullorfa or pollry loi admlssloN ol momb3 m•d• byth•lwil•o& Thotr9 whon ¢iwn•hl• fAMikntotat IMrt3oMd thau 7 l•dlb4dwl¥. OM thlrf lor th• number rlos8st to on• Ihhll DI thb IM009 m¥gt 1oUr8 aft•r lh• Ilyst 3 yws and ov•ry 2 yew8 Ilwr•thr, lonysl kn olllm r•tirtMg IIDWWW, r•llthgiiiqt••s may b• nomknthd lor rnryippoIAlmont n•glrndCompanynurnbgr 04438679(Ennd Ind Wths) I10gteOChVlty nwnb•r 1094n9 ggl#•red oflloo Coop Slro•1 Wlgan Lawa6h WN1311H Blth(y F H Do• Choln Mrd G Rythi Tiwtsg Mr4 IA Watlon Tnwtso Indopomdffltlxamlmr NRB 181 Hoor Waltrgld•Hous• Wat¢rnhl• D Wlg Lan¢othlrg wma OAZ Tho Royal Ba 01 Swlknd Pornb•rtqm Bran 749 Omisklb Road WN58AS Th1& rq>ort h•1 beon propml In owbidw¢• wllh w&lol prfj¥knlow of Part 18 •f Il Ctynpanlgs Aot 2006 r•lallag tosmol Gornpa•, Approvod by •rd•rol Iho bowd ol tnMtoM on 3 WI 2024 and nod It¥ bphdlbr. h_ IAYS lAWaIs. TnNla• Pago 5
dOnOnt Examln'8RoPOrtlolho Tno10•101 Qra¢•Fo•rtoln Chunh Urnllod Imdap•ndort •xanlnots reportloth•liil•89 •1 aTa¢g Fountakn CIMr•h Ilhoeomny,l l Yeport to ¢harlty IwslDos •n rny oxamlnfitl•n ol tho oc¢owts ol th• ¢ompwy for year •nd8d 81 Dei•mbo12023, R•oponifthiiiio8a•d baGl8 •1 r•port As thg ¢harlty Inthos ol th• Company14nd Its dkeclwg for tkn purp•sg8 ol comY law) you ay• Msponslbl• Iwthopropardl•n a¢¢onlan¢evAlbth•v•wlvgm•th•coTrW1nlMAlt2o08q'th0 200•A¢V lknlng sat15fflod my¥o11 that thp of tho Compw ar• nol ra410d to bo owllted P•rt16 01 th• 2006 tht and aY• ellgltslo foi Indopendprt 0xamklI0n, I rny oxamtnallom ol y•ur thaby's a¢¢ourfs ¥ ¢•nl•d oul der 8ectlon 145 of tkn ChailU•s kn12011 Ilho 2011 AotJ kn ¢affykng •ut my eXhn I havo Iglowed Iho Dkotttloni kn bytho Chorlty Comrnlggl•n undor S••llott 145(51 Ib) 01th0 2011 ADL Indepondont •x•mlMV8¥tat•rnM I Im comykntsd my oMrnlnalloN l ¢•rflrni no mitt•Ys hav• c(AM ID nry attwrtlon In oonnoillm tho ghTtng mo causo to bollov a¢e•wllng regDrd% ww• not Yo8cl tho Compary 88rowIIBd hySgthIM 386 01th0 2006 Aol: •r tho a¢cou•ts d• notaEGonl wlth tho1• ro¢•r or lkn accoThts do uol com wllh Ihe auntIng Mqulrmwnts ol SOl0n ¥JB •1 tho 2008 Act othor thin Yoquk•ment that th• )ownts ¥vp a tru• and latr vlow not a mallw ooMldor•d pwl ol an dap•nd•rt gxnlnatlon: •r tkn accowits hava not bow w•pw•d kn agg•rdawo wllh tho rnothod¥ aThl ol Ibg Statornnt R•Gmnmond•d Pta¢UM lor ao¢ountlmu amd reportlng by ¢hltle8 (appllmblo l• ¢harft* pityAYlng lh• a•i•unts In ath1o tho FknanclAI Iloportlng Stanthd •ppllrnMD In th• UK Rgpthl¢ of tr•l•Thl (FRS 10¥1. I hvo nfy ¢on¢•rns hav• ¢am• ao othw kn oonno•tlon wllh th• oxomknAlknn ts whloh attentlon sh•uld 19 drawn l#lhb report kn ortsto emble ayworund•ratandlny olth•aKountstob• rea¢hed. Mrll 1st FlooiWalor8klo HoMIg Walw4do D Wlgan Lanca6hlM WN35AZ 3 bNwll 2tyI4 PagD 6
QIIACE FouirrAIN CHIIRCH LIAvfiD 8laloHwnl olFlnan¢lalAetlvll FOR THEYEAR ENDED DECEMBER 31.12.23 Um11¢to ftmd 31.1222 Total IMCOIKAMDEMDOWMENTSFROM Do11•5 And lffjAeleg 101,106 040 Olh•rtradNq thll 1,7aO Toial io 90,254 EXPEIIDITURE OM 74217 IXwXabloactMII•J ahana Mlsslong 1000 300 4,120 uc Wo11 Pow•r Clty ol Grxg¢hw¢h ayor8Cl¥rlty 77,347 NET INCOME 4579 14907 RECONCILIATION OF FUNDS Total lunds hroughtlonmard 170,879 157,972 TOTAL FUNDS CARIUEDFORWARD 170,879 Tho note* form part ol th•s•llwiolal Page 7
QRACE FOUNTAIM CHURCH UMITED B•lans•ShoOt 31 DECEMBER 2023 31.1228 Unrostrloted nd 31.12.22 Total lunds FIXEDASSETS Taffjlblo amal• 11 8B,874 CURRENT ASSET8 Debtoys Cmh at bankaAd kn hand 14175 71020 Il124 87074 93,196 79,398 CnEDITOR8 Amountstsllng duo wllhln onpyoar 13 15,ffi1) (8841 NET CIMIREIIT ASSETS 87,584 78114 TOTALASSETS LE88 CUIIREMT LIABIUTE8 17W8 Im879 NET ASSET8 17W8 170,879 FUNDS Unroththd fid8 14 176058 170 TOTALFIINDS 176,458 Th ¢lMil¥lo ¢ornpany l• •nUlod lo ox•mpUDn fr•m audl uml•r S•ctlon 477 01 lh• Compml85 Act 2006 kn Iho y •ndod al Drtembw 2021 Tho m•rnbors havo not Iho Comwy t• obt•kn * aull Df Its lkn•Na•l •tat•m•ts for Iho yur I1•d 81 D•¢on•r2023 Inae¢ordAn¢o TATIth S•Etlm 476 01 thg CornpAnlo5 A¢1 200& •n6wlAg tIMI lkn ¢hathbl• ¢•ny k•op• a¢MuAllng ro¢c¢di thnt Corn wllh Sxthing 806 and 387 •1 Iho ComparAei Act 2006 ond opwlry 8lalw whth ts * tiu• lalr 0W ol th• ato th• thrltablp ¢oNyany 48 at th• ond ol flnllol year and 01118 or dell¢ll for ea¢h lInand yw In at¢wdarne wllh tho IW•m•nts olse10 354 oad 395 aNI olhThlio Mmply WATIth tho i•qulremwts ol Ihe Compan1•$ Ib} Thwo ilnm¢lal 81atam•nts hm b•en proved In awidw¢o vAlh lkn pml¥loA8 appllcthle lo ¢knrRalo ¢ompanlg1 sull•¢ttolh•small oompanl6Br•m Th• Ilnandal statsrnts wer• approved by Iho Boaid ol Trust for 3 •WII 2024 ond wm ed on Its bohaltbr. FHOo•.Ttwts Tho nota•lorm part th01M11a1al1 Pag•B
QRACE FOUNTAM CHURCH UMITED Iloteslolhp Flnthikl Statsmont FOR THE YEAR ENDED 31 DRCIMBER 2023 ACCOIIIfflN& POLKIES B•81• otprnwkng thollnwilallal•Ments Thg ffflanilal stalemonb ol Iha ChOfftl9 conwnyp vthIEh l• a 116 enUty udor FRS 101 hm b• pwed la a¢wd#nto wlth lh• Chthll SORP IFRS 1021 'AtMnlkng •nd RoP•rtlnp by ChabllF•&' $tat•monl of RarnOnded Pra¢lka apwlcablo to oharmles propwlry tholr ¥c(wnl8 In ascordanoe wllh th• Fknindal Reportlng Stsnd•nl appllpablo IA th UK R•puMB ol lrnland (FRS 1021 {éff•ollve 1 January 2019Y, Fkninclal Reportlng 8tandird 102 'The HMwclBI Roporlkng Slanlwd appllaable kn thg UK and Rop1¥ •1 and Iho ¢NnpanleÈAct 20ThI11kn1 Btatonhints havo prnparod ¢oit EonywDN, I knMm• l¥ r•cowknd In tho Staknwrt A¢tlvltl89 onco th• ¢htly wlMIoMffit to tho It 18 lhAt1 Iniome wll b• M¢olv•d the0t oan bo mg••w•d Expqndllw• Llablltt6s • a8 oxpendturo 74 Mon u thoyo 1$ i legal oi ¢imstrnefvo obllBatlDm ¢OnlI11 tho ffjh•ffty lo 1141 oxpoMthhff•, It Is prnboblo that a tranth •f ocoMoml¢ boAo11ts WAII bg In sotUom•nl and th• w¥)unt the •bllgalloN ¢an bo rnea8ured r•llably. Exp•Thllluro Is ac¢ouAtod foi on an a¢cn•l$ IMI$ •MI ha6 bmn ¢1ASSlnel undor h•adlng8 that •gJmat• all ¢o•l i•laled to th• ¢alowry. Wh•rn costs be dlrath #llrtlMrt•d ts porknlw hoadlny8 Ihoy have blw allooat•d to xllvlll•• on a ba Mn8111onl wlth tho IWO TwLlbleflx•dass•ts li wovldod at lkn l•llowlni annwl r$ In (vder Io Valrfla •fl ov•r tt8 #ttmated unful HI•. 2%onM 2U%slrnlW Ino Planl and mmhl Taxallon Thp tharfty l• uomptimm 0naX OD its ¢hrllabloaellblH Funda¢¢wnlkng thnds ¢an be ooMthi¢•vlthlho chwltawg obve$t Iho th•u•llon ofthDthIsi I101 lunds o for Pl¢14r mtrJ¢tod pwp060s wlhlrn Iho 0¥o1ts ot Ihg chfirfty. Il•htrkllonsailg•whM spedlled bylh•dMw •rwlMilund8 ar•r4W lorpartlMlarra•trlctsd pwpM•% Fwlh8r •xpkn•lkni ollh• nalw• andpwpow •feuhId li In tha n•tssl• tho Ilna¢W stat•mont% Tho chathlo Mmp•ry op•rkn a ddlnod ¢onbI11kn pon•n C•ntr#Uorn piyablo to t thry EornpaThy'$ pon810Th 8¢homo ¢haYpd l• Iho Slat•rnont ol Hna¢W A68 l* tho p•rlDd t• whl¢h DONATION8 AND LEGACIES 81.12.23 31.1222 Qltt ald•d Q•n•rnl Dll•rfng 53,526 47,580 03,J83 2V10 101,100 84001 Poga 9
8RACE FOIIMTAIM¢IIIIRCH LIIAITED Nolestoth•FlnaN¢lal Slatemonts- eonlhwod FOR THEYEAR ENDED31 DECEMBER2023 OTHER TrADING ACTIVrnE8 31,1128 81.1122 IIAISINA FUND8 Ralglw donloM8and1og•d•s 31.1123 a1.1222 Salwl69dways Bknhop'strml oXPM1•8 supp t• 190 47,755 36024 75W3 64,452 Othwtradlng a¢tlvhlo• 31.12,23 31.12.22 Iloly Mmmunl•n, )Iowrf4, rofr•th•rtB•lo 001$h orn1 f•llow4h ovomts 323 11,874 8,330 15•7 Agiroo •mounts 73,217 CIIARITABLEACTMTIES COSTS Dkn Blljkn s•¢hty looo Wel PovJBr IntOMalloMI Clly •f amta Cknrch 7110 Mayoys Cknlty Pago10
anACE FOUNTAIN CHUR UMITED IIDtostolh•FhMn&lo1 Sl•lomonts. QOAWnwd FOR THEYEAR ENDED31 DECEMBER 202J SIIPPORT COSTS Marngom•nt 47,755 NETINCOMEIIEXPENDmiRE) Plot knpThl(ryendluM) lsstthl aftor ¢haYlAgl(Modlll49 31.12.23 31.12.22 DoPlIf Wmgd ass•ls 4050 6053 TIIU8TEES' REIAUNERATION AND 8ENEFIT8 81.1223 31,1222 Bl$hopsal•ry 8l•hopponulun g0nttlb•Uonst•d•fiA bgmeffll gthemo 20,6J6 502 26,238 31.12% 81.1222 TnAt••¢ oxponwB 1WJO 1,$90 STAFFCOST$ Tho avrno N0101•m•y1O8d1vl yo•rwasaslollo 31,1228 31.1222 Ilo MWoy•6% r•¢•knd orndwnonts In •x¢o5s ol twooo. 10. COMPAnATIVE8 FOA THESTATEMEKf OF FINANlaAL ACTIVITIE8 Unr05tddod lund INCOIAE AND EIIDOWMEMT8 FROM Donthnsand legaole8 Olhw lrndlng wllvlN•s 9D354 J funds 73,217 ClwllA>loaotlvlllo• aharn Mlsslon8 4,130 Totsl 77,347 Pag•11
RACE FOUNTAINCHURCH LMIITED H•$t•1hg Fl•xlal Slatsmeiils• ¢onllnuod FOR THEYUR ENDED31 DECEMBER 2ty23 10. COMPARATIVE8 FOR Tlff STAITMEiif OFFIPIANCIALACTIVITES • oonlhwad Unr•itilct nd NEf INCOMI 12,907 RECONCILIATION OF FUNDS T•lal fumds kniughtloNYard 1570n TOTAL FUNDS CAILWED FORWARD 170079 TANawLE MXEDASSETS •AtoTrd achl lulldkng rrtungs Totsll COST Al1 January 2023 7J9B 168.742 1559 At 81 Do¢•nbor2023 123•3 7,2 38,182 1W01 DEPRECIATION At1 knuary2023 ClwrgettyyOJi 32fft28 1,751 748TI 6,050 At 31 Do¢b•r20%J 3040 IIET BOOKVALUE At 31 Doiombo12023 81,421 874 At 31 D•iombw 20 5,472 DEBTORS:AMouiif8 FALLIMA DUE WITHIN OMEYEAR 31,1123 a1.1222 HMRC gIftaIdth•b1o Prryaym•rts 14211 11,88J M,175 12,124 Pago12
aRACE FOUNTMI CHURCH uMrriD FOR THE YEAR ENDED31 DECEMBER 2023 13. REDITORS:AMOUNTS FALUIIQ DUE wrrHIN OME YEAR 31.1223 31.12.22 Sodjl M¢wltyand othwt•XOS Pen51ona¢iowt A¢r•ed oxpwm 274 140 4197 113 14. PMVEMEMT IN FUNDS movom•nt Inknds A11.1.23 81.1228 UThvestrkledluN Q•n•rnl fuNI 1m879 176N58 TOTALFIIMDS 1N079 176A58 N•t rnvqm0mtlnl hId9d kn th¢ abw• aro ai follo IAcoml r•Mw601 oxpend8d Infd& Q•n•i4lld 102,842 197,2631 TOTAL FUNDS 101842 (97,2631 579 CowaUv•sformov•mont In lun mov•Menl In At 1.1.22 31.1122 unl81*181n• aonoral furnl 157,972 12,907 170079 TOYAL FUNDS 157,972 12,907 170,879 Comparatlvo n•tmovom•nl th•ab•ve IM asfolkn IneomlNJ •xpgnd•d In funth UKYe•blotsdlwMIs 177,8471 11907 TOTAL FUN 90,254 177,3471 11907 Pog•13 Mnllnuod...
IIACE FOIINTAIM CHURCH LiwfED NDt8s1olho RTranElal $1•1orn011ts v ¢•ntlmuod FOR THEYEAR ENDED a1 DECEMBER 2023 14. IAOVEMEMT IN FIIND8- conllnu•d A wmtyw12 months andprforyw12 moAthI e•mbkno1 po10 knasfdlo Al 31.1123 At1.122 tsnds UmJtrh>t•d funds Qon•Yal fund 1J7,972 18A86 176,458 TOTAL FIMD3 157,972 174458 A yea112 m•nlh8 •nd prlor y•ar12 morthl ¢ornblrnd nol mowm•nt In IAoknthd kn Ihe •bon ar• Asfolhw8' In¢onlng Rg¥ourBo1 axpmthd Inlund5 193,096 1174,6101 1B,486 TOTAL FUNDS 194096 1174,610) 18,486 RELATED PARTYDISCLOSURES Th•r•wrn w il•d pty traAMBllw1lh0Y• ondgd 31 Dx*20a Pag•14
QRACE FOUNTAIN VcH LIMITED Dolal•dSlat•mrtrf Hnan¢lalArtlvlllos FOR THEYUR ENDED31 DECEMBER 2023 31.1223 ai.12.22 IMCOPAEAND ENIIOWMINTS Olft alded 0on•rnl 011othg 24418 101,106 81001 Olhrlradkno wllvi11•8 Othwlwom• 1,736 7¥3 101842 90,2B4 EXPENDITURE dOnl0$•Idg Bt8hop Btshows pmslom •)othiuNons todofimd bellollt 24668 2J,656 582 BtghoW8 trnvd 0xpWs 190 27M28 27028 OthwtradnN a¢llvrt H(ty cornmunlon, Ilowers rolrosknNbot¢ Oth&had feltowthlp mnls 11,874 330 15N47 8,765 Chitahlfracthlt IlltslonBIAd thrntlon• 6,288 4130 Woge8 slons Watsr, l¥rt hoat InAian 10,800 137 14810 11 7A54 314 685 412 2,019 3,820 419 510 131 Tthphom P0 and stalloxry Admlnlglr&llDn gxyonf85 F4rowo11 and T•OHarn Ewlpmont iopalrs 2,191 812 Cn9 1W6 1,96B 1475 1,824 2,554 2,118 2A75 Fi¢eh•ld pr•perty Plant8nd mBNwv Flxtsr•i •d ililkn 1,701 47,785 20,624 Total M¥Wi#•i 77047 N•tln•omo 5,579 12,907 Th1•paY•doI1• pal rl lkn ¥taithtyiinaMlal slat•m•D18