CHARITY REGISTRATION NUMBER.. 1096627 Glencroft Church (Glen Parva) Trust Unaudlted Flnancial Statements 31 December 2023 VERSANT A OCIATE Chartered accountants The Old Mill, 9 Soar Lane Leicester LE3 5DE
Glencroft Church (Glen Parva) Trust Flnancial Statements Year ended 31 December 2023 Page Trust886' annual report Independent examinels report to the trustees Statement of financial activities Statement of financial position Notes to the financial statsmonts The fdlowlng pages do not fomi part of the flnanclal statements Detailed statement of financial actiwities Notes to the detailed statsment of finanL7al activitles 14 15
Glencroft Church (Glen Parva) Trust Truste¢$' Annual Report Year ended 31 Doc•mb•r 2023 The trustees preserrt thar report ard th• unaudaed financlal 8tatem?nis of tr chkn for the year onded 31 Dewnber 2023. RkncE and adminlgtrdtiv• detalls Reglgtored charfty nne Gluoft Church (Glen Patval Trust Charlty rnglstratlen numbor 1096627 tnclpal offl¢o 30 Hilders Road Leicester LE3 8HO Th• In MrJ E Duffln Mr J M Shepherd Mr S M Brown MrJK Mr P A l)ensham Mr S Cnd[er Independent ¢xamlnar Illing8woth The Old Mdl. 9 Soar Lane Lelcester LE3 5DE structura. govemance and manayement GlenrJoft Church (Glen Parva) Trust is a tharitable oTganl82iion IReglstered Charity Numb8r 1096627). The Declayation of Trust dated 30 December 2002 govems the trust, Tru8te8s that SeThd tho (artty durirbj the FJerth)d a set Dut above and have legal re8ponsibility lor the operntion of the frust. Th& trustees ma* regary, usualty monthly and make 41 manag8ment decisic8 8t tho88 meeting$.Ther6 alx> a trustegs dltytal gFVUP Ghat to Share immedlaté deasions. ObJ8ctlvo8 and activltlo5 To 8hare the Chrtstlan mesgage of salvation the Chrfstian Ilfe8tyte ¢f bve to all age8 within the commuimty.
Glencroft Church (Glen Parva) Trust Trustees, Annual Report {eo•>iln(rfl Year ended 31 December 2023 Achknvem•nt8 and pèrtomianc• SUMM ofacJi•vaments and performance for the year ènded 3108eembèr 2023: 1} Churth $ice6 made available via YouTub• both prtrrecorded and I. rha ¢ommunlty ha8 b6nefitted from Ing abla to ¢ fhe chur¢h 8erYic88 vla YouTube, Iflwhen unable to attehd In person. 2) Youth activttte$ - have helped to develop the >t)ung people through thoir Inv¢lvament in tho Duke of Edlnburgh's Award S¢om6. 3) Mum£ and Tots group enable8 a sothE envin)nment wtthin the Mmmunty. 4) Vlsitatlon of the aick and ngedy. 5) cMunity bonff re et and Carol service. Thè thurch is opènod to the communty for sooal gatheriru and engagemant, by mèans of regular activ5tles and mpa18 for 811 ages, throughout the year. Financlal r•vlaw The net inrne resour¢e8 for tho year amounted to £44.810 (2022.. nat oxpenditur8 £16.102). Gros Income ha8 Incr8a8ed to £181,69212¢W: £101.369). Total funds has incr8ased by £44,611 in th& year, ghAng a total funds Carried fonvara of £488.300 (2022: £443.689). Induded wthln the total funds are restrlthd fvnds of £2,372 (2022.. £1,000). Plans fOrfUr9 p•rfodB To nt[nu6 to ¢¥Jer7te regular youth actimties. provide care In the (x)mmunlty and tr* local Tho tsu8tegrf annual report was approvèd on 23 Odobw 2024 and 8ign¢d on behalf of the board of Irustees by: MrJ EDuffin Truste8
Glencroft Church (Glen Parva) Trust Independent Examln8tr8 Raport to th6 Trustees of Glencroft Church (Glen Parva) Trust Year ended 31 December 2023 I report to the truste on my examlnatiDn of the financ¥ statsments of Glon¢roft chu {GIen Parya) Trust Cthe charlty'> for the year ended 31 Dgc4mber 2023. Rasponsibllitiu and bag1• of report As the tntstees of the charity you #re responsible for the preparatton ol the financial statèments i a¢xwdance wth the requirements afthe CharillesAct 2011 (8 Act,). I report in respect of my examination of the charit5 financial statements carried out under sectlon 145 of the 2011 Act and in caTrylng out my examination I have folowed all the appliFJble DireGtions givèn by the Ch¥ity Commi884on under •oclon 145{5){b) of the A£t. Indopandont examinor Statement I havo Compt•d my 9xaminalon. I confirm that no materi81 mait¢rs have rne to my attentlon In cneCtIOn Mrilh the 8xamItion glving mo caiise to believe that In any material r8SPOCt.' &UnIng r6(x)rd8 were not kept in respe¢i of ts chrty as requlred by se¢lSon 130 of tho Act: the fiftanGlal $tatemont8 do not aCcrd wlth th08e rec<xd8' or the lthandal ststem8nts do coMY with thè applicable requlrements cnncemlng the fonn and content of accounts set crt Mi thè Charitles IAc£ountg and Reports) Regulations 2008 other than any roquirement that thg accounts giyo a a1 fairf view which Is not a matter cijnsidgred a5 part of an Indepèndent examination. I hfft no ¢oncern8 and ha Com? a(xo88 no other matter8 in thnnection wlth the examlnatton lo wPx( attention shoukl be drawn in this rep(Yt in order to enable a proper understanding of the accoun15 to be r8aL*ed. kL-L JI Mak lllinggwLrth Independent Exarnlnfrr The Old Mill. 9 Soar Lane Leiee8tor LE3 5DE
Glencroft Church (Glen Parva) Trust Statement of Financlal Acllvltlès Yèar ended 31 DeCemr 2023 2023 Unmtricted Re51ricaed funds fiJnd$ Total funds Total fuiKIs 2022 Income and endowmonts Donations and lega¢le Other income Total Incomo EXndItUre Expendilure on eharitable activitieg Tatal exp•ndfturo 93,157 4.233 84,302 177,459 4,233 181,692 98,630 2,739 101.369 97,390 84,302 108,982 109.982 27,099 27,099 137,082 137.082 117,471 117,471 Net Incomg1{expendlture) and net movwnonl in funds {12,5Y2) 57,203 44,610 (le.12} RoGonclllation of funds Tolal funds brougm fonrrfar¢l Total fiinds earrl•d forward 442.689 430.097 1,QOO 68,203 443.689 488,300 Th& 8tatement of financlal activkl85 Includes all gaits and losses remgni8ed In the year. l ir0 and exPdFtur¢ derive from CONnulro acll¥tlle$. 459,791 443.689 Tho noto¥ rjn pago$ 6 to 12 lonn parf of thes• flnanclal slat¢monts.
Glencroft Church {Glen Parva) Trust Statement of Flnanclal Positlon 31 Decemb8r 2023 2023 2022 Flxed assets Tan9ibl¢ Ilxed a68ets Cunvnt assèts 12 471,274 424,821 Cash * bank and in hand 13 12,077 7.236 19,313 10.027 10,802 20.829 Crodltorg.. amounts fa115ng due within one y•ar Net ¢urMt a88ets Total atsets current Ilabllltles Net a688ts 14 2.287 1.981 17.026 488,300 488,300 18.868 443,689 443,689 Funds of thè charity Restricted funds unrest fijndg Total charity fun(ts 2,372 485.929 1.000 442,689 443.689 Th88e flnancial stat8ments wore approved by the bowd oftrustee8 arKI authorlsed for Issue on 23 October 2024, aiKI a signed on behaff of the board by.. 16 488.301 MrJ Trustee Th• n(kn• on pag•s 6 to 12 lornb part of these finAnel•l •tatsm¢nts.
Glencroft Church (Glen Parva) Trust Notes to the Flnanclal Statements Year ended 31 Dècember 2023 Genèral Infomiallon Th8 charity IÈ a public benefft enltty and a registered charity in England and Walés is unincorporated. The addre89 of the prirKipal office is 30 Hllders Road, Leic8Ster, LE3 6HD. statam•nt ot eompliance Tfthe finandal statements have been preparèil in compliance wth FRS 102. The Financlal Reporting Standard applicable in the UK and the Republ of Irel8nd'. thè Statement of Recommènded Practice applicable to tharthes preparing their aceounts in ac¢ord8nce thg Ftnanaal Reporting Standard appli¢able in the UK and Reput41¢ of Ireland (FRS 102) {Chaiit SORP IFRS 102)) and the Charities Act 2011. Accounllng polic1•6 Basls of pr•parntson The flnandal statements have been prepared on the histortcal cost basi$, as modlfled by th8 revaluation of certain financlal assets and Ilablllties aThl investrnent properbes measured at f&"r value tFYough In¢om6 or expandihJr8. Th8 finanetal 8tataments aft prnpared in stertiro. 18 the functlonal currency of the ontiy. Golng GonGern There are no material unc4rtainties about the charitys abiNtyto continue. Judgemonts and key sour& of tstimatlon uncertalnty The pr6parntlon of th8 finan¢4al statements requlros man•Jemeni to maké ludgements. egllmaias and a¥Bumptiuns that affect the amounts rerThted. These estimatss and judgements are continually reviwed and are based on experience other factors, Indudtng expoctations of future events Ihat are believed to be reasonable under the circurnstsnces. Fd x¢ounting UnrestriGted fund¥ are available fix usa at the discretion of tha tru8teeB to fvrther any of Ihe charty# purpo8e& RestrKeol fvnd3 are 5ubl8cte¢ to restr)n5 their expandiiure declared by the donar or thrh the tems of an appeal, and f811 nto Cl18 of two suWas5es". restricted income fund5 or endowment funds. Incomlng OurceS All Ineome is included in the statèment of financial artreS whon 8ntilament has passed to the tharlty. itls probable that the economic benefits associaled with ihe transactlon w1 low to the charty and the amount can be reliably measured. The folloIng specific polici88 are appltècl to porticular eat•gori88 of income: - iicorne from donafion$ and GhaTltablo a¢tlvllle8 are recogni8ed upon reGetpts basis. - glft ald18 regnISed on a r]Vable basis.
Gl8ncroft Church {Glen Parva) Trust Notes to tha Financlal Statement8 Icontthued) Year ended 31 December 2023 Accountlng pollelu (¢•nllnu Resour¢es oxpèndod Expendittjre k8 recognlsod on an accnMI8 bagis as a liability is incurred. Expenditure includés ary VAT whlth cannot bo fully recovered, and Trs [fied under headlngs of the statement of financral a¢tivttie8 to which il relates: - expendlture on charitsble activitfes includes all costs InCre by a charity in undertaking athvlties that further its charFtable aims for the benefft of its IerIc1aries, Including tPFo8e support Costs and e£)sts rèlating to the govemance of the Charity apportioned to charltable aLivlties. Tanglbts a889ts TgIble assets are initialty r8cordeLY at Bt. Doprodatlon Deprl•tIon is calAlated so a$ to WTlte off the cost or valuatlon of an assat, less its r85idud valug. over the useful economi¢1rf8 of that asset a8 follw: Freehokl property Fixtures and ffttlngs 2% straight hne Motor vèhicl68 25% reducln9 balanco 25% reducing balan FlnanGial In8trum•nts A ffnancial agsat or a financ4al liablltty 1$ rownlsed only when the entity boc¢3 a pgty to the Jntrual provislons of the Instrument. Definod 6ontribution plans Contributions to deflned contrlbution plans a recognised as an expense in the period In whith the related Bervlce is prowded. Prep8ld o)ntrlbutions are rettJgThsed as an asset to ts extent that the prnpayffient wlll lead to a redu¢Jon In future payments or a refund. When contributiL)ns are not expected to be settled wholty whtrwn 12 months Df th? end of the reporling date in which the employees render the related eie9. the liabilty Is measured on a discA)unted present vaiue basis. The unwindirKJ of the disctiunt is recognised as an 8xpense In the period In 7rthlch It atse5. Donatlons and legacle8 UnrestriGted Funds Restricted Total Fund* Fund8 2023 Donallons Donalrons Gift Aid 77.381 14,261 77.381 15,890 1,429 Gifts Glfi¥ 82,873 82.873
Glencroft Church (Glen Parva) Trust Note8 to the Flnanclal Ststements iconthuedj Year •ndftd 31 December 2023 Donatlons and lègaclo8 (tonth Unfe8trlcted Fund8 Rastrithl Total Funda Funds 2023 Grants Grants rec6ivabl8 1.515 1.515 177.459 93,157 84,302 UnrestriGtsd Fundg Restricted Total Funds Funds 2022 Donations Donations 63,781 12.526 63,781 12.676 150 GlfA Glfts 22.173 22.173 Grants Grants oceivable 78,307 22,323 9B.630 Other In¢ome Unrestrlcted Total Funds Unrestrlcted Total FundÈ 2023 Funds 2022 Othèr incre Camp 4233 4,233 4.233 4.233 2.739 2,739 Expendltur8 on actlvltio8 by fund type UnreBtrlcted Rèstrictsd Totsl Fund• FutKIs 2023 Charitable actlvltie8 Supp¢rt costs 107.633 2.349 27.099 134,732 2,350 137.082 109,982 27,099 Unrestricted Funds Restricted TO Fund$ Funds 2022 Charitable activitias Support Costs 92.626 1.422 23N23 116,049 1,422 117.471 94,048 23.423
Glencroft Church (Glan Parva) Trust Notss to the Financial Ststements f¢tr•th Year ended 31 December 2023 ExpdItUTe on charltable o¢U¥ltks by athlty typ• undertaken dlre¢tly Support costs 134.732 Total funds Total fund 2023 2022 Charftablè acbvitieg Goveman¢e costs 134,732 2,350 137,082 2,350 116.049 1,422 117.471 134,732 2,350 Net InGomel(expendlturn) Net inctNnel(expenditurÈ) 1$ stat8d after chargnw(CToditing): 2023 21)22 DepreatIon of tangibl• fixed ass•ts 11,596 11.894 Indwndént examinatian fees 2023 21f22 Fees payable to the Independènt examiner for. Independent examlnation of the finan¢ra statements 1,420 10. Staff cost8 The charfty incurred no 8tsff costs during thè year or precoeding y8ar. 11. Trustee r8munerntion and exn8 During th8 year one ol the trustees. Mr S Chandlw re¢eived remuneration amountlng to £33,850 (2022.. £31.778> for carylng out goft&Tai charttable 8cttvitieB. Dwing the yoar kn tru8te8$ w&iè roimbur8ed for weral expenses Incurred by the Charlty aMntIng to £10,619 (2022.. £7,533).
Glencroft Church (Glen Parva) Trust Notes to the Flnanclal Statements (¢onthuo Year ended 31 Decembar 2023 12. Tanglbb flxod assets F•hd Fixture8 and fin9* vghlde8 Total At 1 January 2023 Additions 451.017 55.831 506,848 11.521 2,218 9,599 4n,137 58,049 530,188 At 31 D8camb•r 2023 D¢préGktlon At 1 January 2023 Charo8 for th8 yoar At 31 D•¢embor 2023 Carrylng amount At 31 D•¢•mbèr 2023 At 31 Decernr 2022 13,739 9,599 34.976 9,124 44,100 5,778 1,713 7.491 47,318 11,598 58,912 759 7.321 482,748 416,041 8,248 5,743 2.278 3,037 471274 424.821 11 D¢btors 2023 2022 Prepayments and acwed InMe Oth8r debtors 670 11.407 12,077 830 9,197 10,027 1& Cyodltorn: am•)unts falllng due thin one yr 2023 2022 Accruals and deferrgd Income S¢dal Sety and other taxe8 Other creditgfs 1,560 566 161 1.300 512 149 2,287 1,961 16. Pen81on3 and othor post rIreMent benofits D•finod ¢ontrlbutlon plan6 The anUnt rgcogrused in income or axpendiknre as an expen8e In relati to defined contribution Plans wa8 £82812022: £768). 10
Glencroft Church (Glen Parva) Trust Notes lo the Flnancial Ststoments (¢onthue Year ended 31 DeGemb8r 2023 16. Anatysls of ¢harhable funds UnY•8trfGt4d fund8 1 J8nuary 2Iy2 Ir? Expenditwe Tran8ler8 97,3 1109,982) 55,832 31 Darnber 2023 Goneral funds 442.689 485,929 At 1 January 202 Incomé Expandrturo 31 December 2022 Transfers Genèral funds 457.891 79,046 {94,048) 442,889 Re$trlct&d fund& 1 January 202 At 31 De¢•mb•r 2023 Income Expendlture Trnnsfers Re8tricted Fund 1.000 84.302 (27,099) (55,831) 2.372 At 1 January 202 At 31 December 2022 Irwe Exwditure Transfer8 22.323 123.423) Restrict6d Fund 2,100 1,000 17. Analys18 of not assets between ndS Unrèslrfctod Fund8 Re8trict8d Total Fund8 Fund$ 2023 Tangible fixed assets Current assets Credrt¢r5 le55 than 1 year Net assot• 404,664 19.313 (2,28n 421.690 88.810 471.274 19,313 {2,28n 488,3C e8,810 Unrg8tr1cted Funds Re8trirAed Total Funds Funds 2022 Tangibl8 fixed a88ets Currént assets CrwJitorB lass than 1 yaar Net assets 413,245 20.829 (1,961) 432.113 11,578 424,821 20,829 (1.961) 443,689 11,576 11
Glencroft Church (Glen Parva) Trust Notes to tho FlnanGial 8tatementS (eontinw¢ Year ended 31 December 2023 a. R01Atod partles Durlng the year th& charity reCVed donalons of £50,218 (2022" £2.000) Irom Th8 Shafte8bury Chrfstian Tru$L Th• trustse of th• charity Mr J Dulfin rs Blso a trustse In The Shaftesbury Chrrsti•n Trust. 12
Glencroft Church {Glen Parva) Trust Management Inforniation Year end•d 31 Docember 2023 The followlng pag8s do not fomi part of Ihe financlal statements. 13
Glencroft Church {Glen Parva) Trust D•tailed Ststement of Financial Activltles Year ended 31 Decembar 2023 2023 2022 Inrn6 and OlowMants Donatlorts and legaclo& Donatv)n$ Gift Aid Gifts Grants receivable 77.381 15.890 82,873 1,515 83,781 12,676 21173 177.459 98,830 Other Incom• Other incomé Camp 4,233 4.233 2.739 Total Income 181.692 101,369 Expgndilur• expendi8 on eharftAbl• actlviths Wages and salarfe8 PeTr81 costs and heat Repalrs gnd n*lntenanca Insuran Othor motorhrav81 costs Legal and profe¥8ional fees T•lgphone Other office costs Dwedation Sn9 proa¢her8 Outreadi èxpenses YwtNchlldrens' Vrk Mlssionay 8UPPOrt Musk licence m[r bus Sutsuiption8 Camp ffxpen8e8 Stsff trolning Lwal and prolesslonal Hardskn"p fund payments 33,850 31,Tn 6,678 2,829 1,244 2.933 2,350 807 4,119 11,596 2,425 1,693 10,089 46.580 891 1,335 551 2.668 750 578 769 375 4.763 11,894 4.715 6,784 40,478 828 974 3.488 283 2,700 137,082 117.471 Totsl exp•ndltura 137,082 117,471 Not incomal(èxpondlturo) 44,610 <16,102) 14
Glencroft Church (Glen Parva) Trust Notes to tho Detslled Ststsmént of Flnanclal Actlvltl Year end•d 31 December 2023 2023 2022 Expendlturo on charltable actlvlllo8 Charftable a¢llvlti•s Actlvltles undertaken dir•ety Wa¥alrie$ Penslon Ct8 Light & heat Repairs & mainlonance Insurance Motor and tra¥et costs Telephonefinlemet Other office costs Dewedation sting preachers Outrexth expèn808 YwttV¢hildrents' wo 33,85D 828 6,678 2,995 1,244 2,g33 807 4,119 11,596 2,425 1,693 31,777 2,829 1,036 578 789 375 4,763 11.894 4,715 2,394 111 MiÉsitinary support Music Ilcence Minl tsjs Subs(¥iptions Camp XpenSeS Staff traini Legal and profesglonal H*thhip fd paymerrts 10,089 48.580 891 1,335 551 2,668 750 6,784 40,478 828 974 SC 3.488 263 2,700 134,732 Govarnahce cos18 Govomce i>ts - accountancy fees 116.049 2,350 1.422 Expendir• on ¢harltablo activltias 137,082 117,471 16