REGISTERED COMPANY NUMBER: 04438579 (England and Wales) REGISTERED CHARITY NUMBER: 1094739 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR GRACE FOUNTAIN CHURCH LIMITED IA COMPANY LIMITED BY GUARANTEEI
GRACE FOUNTAIN CHURCH LIMITED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Page Report of the Trustee8 1 to 5 Independent Examlnor's Report Statement of Flnanclal A¢tivitle8 Balance Sheet Note8 to the Flnancial Statsments 9 10 14
GRACE FOUNTAIN CHURCH LIMITED (REGISTERED NUMBER: 044385791 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees who are also directors of the charity for the purposes of the Companles Acl 2006, presènt their report with the financial statem&nls of the Charity for th8 year énded 31 December 2024. The Iruslees have adopied the provisions of Accounting and Reporting by Charities.. Stalemeht of Recommended Practice applicabl@ to tharities preparing thelr accounts in accordan with Ihe Financial Reportlng Standard appllcable in the UK and Republic of Ireland IFRS 102> (effectlve 1 January 2019). ObjeCve8 and actlvlties Objectlves and aim8 of the charity aro: The advanment of th8 Christlan Faith at Home and Abroad by proclaiming the truths ¢onceming God's Son, Jesu8 Chrlst as taught in the Holy Bible, Such other ¢haritable purposes as shall further the attsinmenl of the above including supporting missionary activities in the United Kingdom and over8eas. Promotion of religious in81ruction In accordance with the Chrisllan Faith by means of a Sunday school and various ministries. Public boneflt Grace Fountsin Church Llmited 1$ ¢ommltted to enabling as many people as posslble lo worship at our church and to become part of th8 Christian community In Wigan. Grace Fountain Church Limited also works in collaboration with other churches in Wigan to formulate how a united church can Involve the many groups that Itve within our community. Our servi$ put faith into practice through prayer, 8crlpture, praise, worship and sacraments. Oijr activltles for the year were planned taking Into consideration the Commission's guidan on public benefit and, in partlcular, the specific guidance on Charities for Ihe advanc8ment of religion. In partlcular we try to enable ordinary people to live out Ih8ir faith as part of the Christian c(>mmunity through.. Study of the scriptures Worship and pray Developing their knowledge and trust in Jesus Provision of pastoral care for people living In the community Missionary work through outreach and provision of financi818UPPOrt to other variou8 local, national and international tharitabl& organisalions. To facilitate this work it is important that we maintain the fabri¢ of our church bullding and equipment. Pagè 1
GRACE FOUNTAIN CHURCH LIMITED (REGISTERED NUMBER: 04438579) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Achlevement and perfomiancg Fundrdi8ing actlvlties Achievement and performance Fundraising activities 1. Twslees, Meetings The Trustees held 2 meetlngs during the year. 2, Outreach Events held during the year. 2.1 28th January 2024 Members of Gra¢0 Fountain Church and their families came together as Baby Jadyn Ekemini Emmanuel wa8 dedicated to the Lord. The Emmanuel family and all members came together to celebrate, and after service a Buffet was provlded for all attendees. Open to all. 2.2. 4th February 2024 Pastor Clay Luamba, from Manche8t8r Bethel Church was our Guest Speak8r for the day. He pr8ached on the Subject °Be Strong and Courageous.. Open to members and th6 community. 2.3. 5th to 18th February 2024 The Church held 2 weeks lo Fast and Prayer for the Nallon. Community and Members and their families, lifting all needs to Ihe Lord. 2.3. 11th February 2024 Pastor Geoffrey Godson preachad on the subject of The need for Jesus in a dying world" Open to members and their famllies and the community. 2.4, 3rd March 2024 Reverend Lawr8n¢e Aboagye preached on the subject of "Knowlng Who We are In Jesus. and being interfv4ined with Jesus. Having the revelation of WFM) H8 is. Open to Community and members. 2.5. 10th March 2024. Mothers. Day Pastor Betty Doe spoke on Yhe Importance Of Bringing Up Children Th@ Right Wal,. Open to all members and the community. 2.6. 17th March 2024 Pastor Geoffrey Godson spoke on the subject of°Knowing God for Yourself and remaining Steadfast. Op&n to members and their familles and community. 2.7. 28, 29, 31st March 2024 Easter Refiections Service - Thursday and Good Friday evening meetings were held raflecting on the finished work of Christ, finishing on Easter Sunday. An oulreach for the community, family, and friends 2.8. 7th Aprll 2024 Baby Dedication of Sandra and Derrick Opoku - D8dication of baby Aiden Opoku Boahene. Open lo all members and their families and community, 2.9, 14th April 2024 Pastor Joshua Tamakloe from The ReSuection Power Assemblies of God. Ghana, was our Gu&st Speaker who spok8 on the Anointing of God. This an outreach to communlty, members and their families and fiiends. 2.10. 21 sl April 2024 Pastor Joshua Tamakloe from The Resurrection Power Assemblles of God, Ghana, spoke of The Purpose of God's Anolnting, being the souro of power to do all that God has purposed for you to do. Outreach to community and members. 2.11 27th April 2024 Baptisms wère held for 5 of our members at Grace Fountain Churth. A small buffet was held afterwards to Celebts. Church and family rnembers were invited to attend this celebration. 2.12, 28th April 2024 Our Guest Sp&aker, Blshop Wale Akinyande, from Liverpool, spoke on the "Raising Df Breakthrough Disciples., Open to all members. ¢ommunlly. and family and friends. Page 2
GRACE FOUNTAIN CHURCH UMITED IREGISTERED NUMBER: 04438579 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 2.13. 5th May 2024 Pastor Geoffrey Godson spoke on The Call of God. making sur8 we fulfilled the plans and purposes that God has for our lives. To do all things diligently. Open to all. 2.14. 26th May 2024 Pastor Paul Kazibwe spoke on the subject of"Sowlng a Seed. from Matthew Chapter 13. Outreach lo community and members. 2.15. 14th July 2024 Pastor Geoffr6y Godson preached on the them& of"Psalm 30'.5" Looking ahead, even in your challenges. Outreach to memb&rs and ¢ommunily. 2.18, 28th July 2024 Pastor Itohan Osrfo preach8d on the subject of"Being Strong in th& Lord.. Outreach to members and community. 2,17. 9th & 10th August 2024 Grace Fount8in Church Youth Carnp Two days of fun and activities for GFC Youth and youth in the communily. Teachings and T88timonies were used lo 8ncourage the youth in their Christian walk. A bouncy castle was hired for fun for all the children, Food was $8ry6d throughout the day, and a wond81 day was had by all. 2.18. 251h August 2024 Our Guest Sp&aker was Blshop Fafali Selly from Tema in Ghana. He preach6d on the topic of°Shame to Glorf. Open to memb&rs and guests and the community. 2.19. 1st September2024 Our Guest Speaker Bishop Fafall Selly, spoke on the subject of"From Shame to Glory" part 2, taken from Hebrews 12. Outreach to members. familles and the Community. 2.20. 15th Septembèr 2024 All Nations Cultural Sunday with Guest Sp8akèr Bishop Fafali S8lly. from Ghana. A day of outreach and fellowship at GFC, where all our members dressed in their traditional ouffits fram various countrles. and shared traditional food dishes with other members. Open to family members and the surrounding communlty, 2.21. 22nd September 2024 Pastor Geoffrey Godson preached on the subject of "Using the Gifts God Ha8 Given You" Outreach to all members and (x)mmunity. 2.22. 29th September 2024 Our Guesl Speaker was Apostle Ikechukwu Nwamdu frDm Togo, Africa. He spok8 on the subject of °Grace for Next Leve15'. Outreach to all members, and the communtty. We also held the dedic81ion of David Chisom Ezeocha, the baby of Emmanuel and Stella Ezeocha. Cel@brations and Fellowship proceeded afler the service, and all members and the community were invited. 2.23. 20th October 2024 Our Guest Speaker, Bishop Reuben Oke from Nigerla, Afrlca. preached on the sublecl of °Winning with Understanding.. Op8n to all members and guest8. and the community. 2,24. 3rd November 2024 Rever8nd Lawrence Aboagye spoke on the topl¢ of °The Family of God" A Call for members of the Klngdom to unite out of love for God. Outreach for community and member8. 2.25. 1 Olh November 2024 Pastor B8tly Doe, spoke on the subject of Your Atmosphere.. A call for members to live consecrated Ilves. Outreach for all. 2.26. 16th November 2024 Youth Games Day - with fun and laughter for all th8 youth. Games, Food and Fellowship was the order of the day. Open to all the youth at GFC and open to the surrounding communlty. 2.27. 171h November 2024 Pastor Geoffrey Godson spoke on the subject of TrL4Sting in th8 Lord.. Open to all. 2.28. 24th Novemb8r 2024 Pag& 3
GRACE FOUNTAIN CHURCH LIMITED (REGISTERED NUMBER: 04438579) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Pastor Geoffrey Godson preached on the theme of 'God turnlng ugly situations all around to beautiful situations" Outreach to all members and ¢ommunty, 2.29. 6th December 2024 Camls Around the Tree with Standish Brass Band, hosted by our Local Councillor Ronald Conway, and tho Aspull Fowm, follow8d by a buffet forfamily, friends and the community al the Church. 2.30 7th. December 2024 Wigan Worship, h81d at Grace Fountain Church, with our Special Guest, the Mayor of Wlgan and local Scholes and 3urrounding area Councillors. An outreach evening with Christmas Caro18 for the town of Wigan. A Buffet was provided after the seNl¢e for the Mayor and Councillors. and all the attendees. 2.31. 15th, Dember 2024 Thanksgiving Servi A Thanksgiving Service to God. Outreach for friends, family and the community. A slt-down dinner for all attendees wa8 provided after the 8etvlce, and a wonderful tim8 of fellowship was had by all. 2.'32. 20th D8cember 2024 Th8 Women of Grace Fountsin Church h8ld a speclal evening of lebratIOns, ¥there a 8il-down dinner was provided and dancing and fellowship after dinner. Gifts were provided vla secret gifting for all the ladies present. Outreach to members and the communty, and families, 2.33. 21st December 2024 Children's Christmas Party. A wonderful day of party games and food and fellowship for all the children of Gra Fountain Church and famlly members, children. Each child received a Christmas present and party bag. 2,34. 22nd December 2024 Christmas SeNice held at GFC to Celebrate the tru8 reason for Chrfstmas members and Ih8irfamity and open to the community. 2.35 318t Dec8mber 2024 Crossover Service A Sérvio held in the evening to C8lebrate the start ofa New Year, open to all. 3. The Women's Ministry- Women of Substance The Women's Ministry h61d monthly meetings every third Saturday throughout the year. With Pralse and WDf8hip, The W(Kd, and Prayer. Open to the communily and members. 4. The Pearls- Young Women's Ministy The young Women's ministry held weekly zoom meetings throughout the year Govering a varied range of Subjects to help and aid the growth of their relationship In Christ. Jesus Christ. A family seNice for all 5. Teaching seICes Teaching SeNic8s were held weekly throughout th& year on Thursday ev8ning8. 6. Monthly Prayer Meetings. with Worshlp. including Fasting and Prayer for 2 days each month, were carried out at the end of each month. 7. Weekly Wednesday Prayer Meetings were held throughout the year, lifting tha needs of the members and the community and the Nation In prayer and prayer for specific needs. Flnancial Performanc& During the year the charity received incorne amounting to £119,954 12023 £102.842). Total expenditur& for the year was £97,778 (2023 £97,263). Thus giving a profil forthe year of£22,176 (2023 profft £5,579). At 31 December 2024 net book value of property, plant and equipment comprising church buildlng, office and church equipment was £84.481 (2023 £88,874). Current assets compiising cash balances at bank and in hand and debtors balances lotalled £115,811 (2023. £93.195). Liabilitl8s of the charity at year end amounted lo £1,658 {2023 £5,611). Thus total funds of the charity represented by lotal assets less liabililies was £198,634 (2023 £176,458). Giving to Misslons Total giving to Mi88ions during the financial year ending 31st December 2024 amounted to £2,635 {2023 £6,233) representing 2.2 /0 (2023: 6.1%) of total income for the year. Page 4
GRACE FOUNTAIN CHURCH LIMITED (REGISTERED NUMBER: 04438579 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Glory. Honour and Praise bg unto our God forev8r and everl Structure, governance and management Governing document Thè charlty is controlled by tts governlng documenl, a deed of trust. and constitutes a limlted company, limited by guarantee, as defined by the Companies Act 2006. Grace Fountain Church Llmited is a charitable company limited by guarantee, Incorporated on 14 May, 2002 as Greenough Christian Fellowship and registered as a charlty on 22 November, 2002. The name Changed to Grace Fountain Church Limited on 20th November 2014. The ¢ompany was eslabli8hed under a Memorandum of Association which established the objècts and powers of Ihe Gharitable company and is governed under its Articles of Association. In tha event ofthe Company being wound up members are required to contributè an amount of £1. Appolnlment of Trustees As set out in the Artides of A8sociation new trustees are elected by members of the tharitabl8 company providing they qualify in accordance with any ciit8ria or policy for admlsslon of members made by the trustees. The trusteès when complet8 consist of at least 3 and not more than 7 individuals. Onè thlrd (or the number dosest to the one third} of the trustees must r8tirè after the first 3 years and then ev8ry 2 yaars thereafter, Ih05e longest In Off1 retiring first, However, retiring trusl8es may be nomlnated for re-appointment Refgr8nce and admini8tratlve detalls Reglstered Company number 04438579 (England and Wales) Reglstered Charlty number 1094739 Reglstered offlce C¢)op Street Scholes Wigan Lancashire WN13NH Trusteeg Bishop F H Doe Chairnian Mrs G Rydér TNstee Mrs M Walson Trustee Independent Examiner NRB 1 sl Floor Waterside House Waterside Drive Wigan L8nca8hire WN3 5AZ Bankers The Royal Bank of Scotland Pemberton Branch 749 Omiskirk Road Wigan WN5 8AS This report has been prepared in accordance wilh the special provisions of Part 15 of the Companles Act 20Q6 relating to small companies. Approved by order of the board of trustees on 23 April 2025 and signed on its behalf by: Mrs M Walson - Trustee Page 5
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GRACE FOUNTAIN CHURCH LIMITED Independent examlnerfs report to the trustees of Grace Fountain Church Limlted ('the CompanVI l pOrt to the charlty tNstees on my examination of the accounts of the Company for the year ended 31 December 2024, Re8pon8ibilities and basls of report As the charity's tnjstees of Ihe Company (and also its directors for the purposes of company law) you are responslble for the preparation of the accounts in accordance with th8 requirements of the Companies Act 2006 ('the 2006 Act,). Having satIsfd myself that th8 accounts of the Company are not required to b6 audlled under Part 18 of the 2006 Act and are eligible for independent examination, I report in respect of my examinatlon of your charity's accounts as carrled out under Section 145 of the Charlties Act 2011 Cthe 2011 Act,). In carrying out my examination I have followed the Directlons glven by the Charlty Commission under Section 145(5) (bl of th& 2011 AGI. Independont examinerf8 ststoment I hav8 comp18ted my examination. l ¢onfimi that no matters havé come to my attention In connection with Ihe examlnation giving me cause to believe: accounting records were not kept in r8spe¢l of the Company as required by Section 386 of the 2006 Act; or the accounts do not accord with those records. or the accounts do not comply with the accounting requirernenls of S6Ction 3* of the 2006 Act other than any requirement that the accounts glve a true and fair view which Is not a matter considered as part of an Independent 8xaminatlon', or the accounts have not been prepared in accordance with th8 methods and principles of th& Sta18ment of Re¢ommended Pradice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appll¢able in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters in connection with th& examlnation to which attention Should b8 drawn in this r8port in order lo enable a proper understanding of the accounts lo be reached. rNR ngham NRB 1st Floor Waterside House Waterside Drive Wigan Lancashire WN3 5h2 23 April 2025 Pag& 6
GRACE FOUNTAIN CHURCH LIMITED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECENiBER 2024 31.12.24 Unrestricted fund 31.12.23 Total funds Not8S INCOME AND ENDOWMENTS FROM Donations and legacies 116,201 101,106 Other trading a¢liviti8S 3,753 1,736 Totsl 119,954 102,842 EXPENDITURE ON Raising funds 95,143 91,030 Charitable activltles Ghana Mlsslons Blble society UCB Well Power Ministry 2,501 2,000 300 333 {516) International Church City of Grace Church 1,100 1.500 Mayors Charity Training Worship Team Baptisms Church of Christ 700 300 500 150 Total 97,778 97.263 NET INCOIIIE 22,176 5,579 RECONCILIATION OF FUNDS Total fund8 brought foward 178,458 170,879 TOTAL FUNDS CARRIED FORWARD 198,634 176,458 The notes fomi part of these financial ststernents Page 7
GRACE FOUNTAIN CHURCH LIMITED (REGISTERED NUMBER: 044385791 BALANCE SHEET 31 DECEMBER 2024 31.12.24 Unrestricted fund 31.12.23 Total nds Notes FIXED ASSETS Tangible assets 84,481 88.874 CURRENT ASSETS Debtors Cash at bank and In hand 12 19,456 96,355 14.175 79.020 115,811 93,195 CREDITORS Amounts falling due within one year 13 {1,658) (5,6111 NET CURRENT ASSETS 114,153 87,584 TOTAL ASSETS LESS CURRENT LIABILITIES 198,634 176,458 NET ASS8 198,634 176,458 FUNDS Unrestricted fund8 14 198,634 176,458 TOTAL FUNDS 198,634 176,458 The charitable company Is entitled lo exemption from audit under Section 477 of the Companies Act 2006 for Ihe year ended 31 December2024, The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in ac(xJrdance with Section 476 of the Companies Act 2006. The tnjslees acknowl8dge their responsibilities for (a) ensuring that Ihe chathable company keeps accounllng records that comply with Sections 386 and 387 of the Companies Acl 2008 and preparing financial slatetnents which give a tNe and fair view of Ihe slate of affairs of the charitabl8 company as at the end of each financial y&ar and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which oth8Thvise compty with the requirements of the Companles Act 2006 relating to financial statements. so far as applicabl& to the charitable company. Th8se financial statements have been prepared in accordance with the provisions applicable to charitable compantes subject to the small companie5 regime. (b) The financial statements w&re approved by the Board of Trustees and authorised for issue on 23 April 2025 and were signed on it8 behalf by.. F H Doe- Trustee The notes form part of these financial statements Page 8
GRACE FOUNTAIN CHURCH LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES Ba818 of preparlng the flnanclal staiem&nts The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared In accordan with the Charllles SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing th8ir accounts in accordance with the Flnancial Reporting Standard applicable in the UK 8nd Republic of Ireland IFRS 102) (effeclive 1 January 2019),, Financial Reporting Standard 102 'The Financlal Reporting Standard applicable in the UK and Republic of Ireland, and the Compani&s Ad 2006. The financial statements have been prepared under the historical cost convention. Income All income is recognised in th8 Statement of Financial Activities On the charity has entitlement to the fund8. It is probabl& that the income will be re¢eived and the amount Can be measured reliably. Expendliure Liabilities ar6 recognised as expenditure a8 soon as there is a legal or constructive obligation commltting th8 d)arily to th81 expenditure, it is probable thal a transfer of economic beneffis will be required in settlement and the amount of the obligatlon Can be measured reliably. Expendlture is account8d for on an accruals basis and has b88n classified under headings that aggregate all cost related to the category. Where costs cannot be dlrectly attriblrted to particular headings thay have been all0¢ted to activities on a basis ¢onsist8nt with the use of resources. Tanglble flxed assets Depreciation Is provided at th8 following annual rates in order lo write off each asset over ils 8slimal8d useful Ilfe. Church Building Plant and machinery Fixtures and fittings 20A on cosl 25 % straight line 250/0 Straight line Taxation Th8 charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted fund8 can be used in ardance with the charitable objectlve5 al the discretion of the trustees. Restricted funds can only be used for particular strIcted purposes within Ihe obj8cts of the charity. R88triction8 arlse when speclfied by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and PU)Se of eath fund is included In the notes to the financÉal statements. Penslon costs and other post-retirement beneflts The charitable company operates a defined contribLrtion pension schème. Contributions payablè to the hatitable company'8 pension scheme are Gharged lo the Statem&nl of Financial Activities in the period to which they relate. DONATIONS AND LEGACIES 31.12.24 31.12.23 Gift aided sin9 General off&ring 77,282 38,919 53,526 47,580 116,201 101,108 Page 9 continued.,.
GRACE FOUNTAIN CHURCH LIMITED NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 DECEMBER 2024 OTHER TRADING ACTIVITIES 31.12.24 31.12.23 Other income 3,753 1,736 RAISING F.UNDS Raising donatlons and legacles 31.12.24 31.12.23 Salaries and wages Bishop's travel expenses Support costs 31,079 1,590 45,554 26.238 1,59) 47,755 78.223 75,583 Other trading actlvltles 31.12.24 31.12.23 Guesl speak6rs Holy communion, flowers, refshments et¢ Outreach and fellowship events 2,920 440 13,560 3,250 323 11,874 16,920 15,447 Aggregate amounts 95,143 91,030 CHARITABLE ACTIVITIES COSTS Direct Costs Ghana Missions UCB Training Worship Team Baptisms Church of Christ 2,501 (516} 500 150 2.635 SUPPORT COSTS Management Raislng donations and legacies 45,554 NET INCOMEIIEXPENDITURE) Net incomel(expenditure) is stat&d after chargingl{crediting), 31,12.24 31.12.23 D&predation - owned assets 6,900 6,050 Page 10 continued...
GRACE FOUNTAIN CHURCH LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 TRUSTEES, REMUNERATION AND BENEFITS 31.12.24 31.12,23 Bishop's salary Blshop's pension contributions to defined beneflt scheme 30.390 25,658 582 31,079 26,238 Trustoos, expens98 31.12.24 31.12.23 Tru8tees' éxpenses 1,5 1,590 STAFF COSTS The 8verag& monthly number of employees during the year was as follows: Blshop Administration 31.12,24 31.12.23 No ernployees reiVed emoluments in excess cf £60.OLK). COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES 10. Unr8Stricted fund INCOME AND ENDOWMENTS FROM Donations and legacies 101,106 Other trading activities 1,736 Total 102.842 EXPENDITURE ON Ralsing funds 91.030 Charitable actlvltles Ghana Missions Blble society UCB Well Power Ministry 2,0 300 333 Inl@mational Church Cty of Gra¢e Church 1,100 1,500 Mayor8 Chaiity 700 300 Total 97,263 NET INCOME 5,579 RECONCILIATION OF FUNDS Total funds brought fonmard 170,879 Page11 continued...
GRACE FOUNTAIN CHURCH LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 10. COMPARATIVES FOR THE sTATEmEr OF FINANCIAL ACTIVITIES - Gontlnued Unrestricted fund TOTAL FUNDS CARRIED FORWARD 176,458 11. TANGIBLE FIXED ASSErs Fixtures and fillings Church Building Plant and machinery Totals COST At 1 January 2024 Additions 123,823 7,296 38,182 2,507 169,301 2,507 At 31 December 2024 123,823 7,296 40,689 171,808 DEPRECIATION At 1 January 2024 Charge for year 42,402 2,475 3,648 1,824 34,377 2,601 80,427 6.900 At 31 December 2024 44,877 5,472 36.978 87,327 NET BOOK VALUE Al 31 D@C8mber 2024 78,946 1,824 3,711 84,481 At 31 December 2023 81.421 3,648 3.805 88,874 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 HMRC gift aid re1vable Prepayments 16.225 3,231 13,211 964 19,456 14,175 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Social security and other taxes Penslon account A¢Ued expenses 274 140 5,197 219 1,439 1,658 5,611 14. MOVEMENT IN FUNDS Net movement in funds At 1.1.24 31.12.24 Unrnstricted ftsnds General fund 176,458 22,176 198.634 TOTAL FUNDS 176,458 22.176 198,634 Page 12 continued...
GRACE FOUNTAIN CHURCH LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 14. MOVEMENT IN FUNDS - contlnued Net movemenl In funds, included in th& above are as follows= Incoming resources Resources expended Movement in funds Unrestrlcted funds General fund 119.954 (97,778) 22,176 TOTAL FUNDS 119,954 (97,778) 22,176 Comparatives for movement In funds Net Movement In funds At 31.12.23 At 1.1.23 Unrestricted funds General fund 170,879 5,579 178,8 -TOTAL FUNDS 170,879 5,579 176,458 Comparative net movement in fund8, included in the above are as follows: Incoming resou5 Resources expended Movement In funds Unrestrlcted funds General fund 102.842 <97,263) 5,579 TOTAL FUNDS 102.842 (97.263) 5,579 A ijjrrent year 12 monlhs and prlor year 12 months comblned position is as follows.. Net movement in funds At 31.12.24 At 1.1.23 Unrestrlctsd funds G&n8ral fund 170,879 27,755 198,634 ..J.OTAL FUNDS. 170,879 27,755 198,63*L...- A cuent year 12 months and prtor year 12 months combined net movement in funds. included in the above ar& as follows= Incoming resources Resources expended Movement in funds Unreslricted funds General fund 222,796 {195,041) 27,755 TOTAL FUNDS 222,7 (195,041) 27,755 Page 13 continued,..
GRACE FOUNTAIN CHURCH LIMITED NOTES T.0 THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 DECEMBER 2024 15. RELATED PARTY DISCLOSURES There wer8 no rolated party transa¢tlons for the year ended 31 December 2024. Page 14