CHARrrY REGISTRATION NUMBER: 1096627 Glencroft Church (Glen Parva) Trust Unaudited Financial Statements 31 December 2024 Chartered accountants The Old Mill. 9 Soar Lane Leicester LE3 5DE
Glencroft Church (Glen Parva) Trust Financlal Stalernents Year ended 31 December 2024 Page Trustees, annual report Independent examiner's report to the trustees Statement of financial activities Statement of financial position Notes to the financial statements The following pages do not forni part of the financial statements Detailed statement of financial aclivilies 13 Notes to the detaile(I statement of financial activities 14
Glencroft Church (Glen Parva) Trust Truslees, Annual Report Year ended 31 December 2024 The trustees presenl thdr report arKI Ihe unaudtted linancial statements of Ihe charity for the year ended 31 1)ecember 2024. Rglorence and admlnlstralive detalls R8glstered charity name Glencroft Church {Glen Parva) Trust 1096627 Charity reglstrallon number Prln¢lpal offlc8 30 Hilders Road Leicester LE3 6HD The tnistees Mr J E Duffin {Chairmanl Mr J M Shepherd Mr S M Brown Mr J Kirby Mr P A Densham ffreasurer) Mr S ChaTrdler Independènt examlner Mark IlirKJsworth FCA The Old Mill, 9 Soar Lane Leicesler LE3 5DE structur govemance and management G18ncroft Church (Glen PaNa) Trust is a charitable organisatK)n (Registered Charity Numbèr 1096627}. The Declaration of Trust dated 30 December 21)02 govems the trust. The Trustees that serv&J the charity (knrirKJ the period are set out atM)ve and have legal responsibility for the operation of the trust. The trustees meet regulary, usually monthly arKI make all management decisions at those meetings.There is also a trustees digifal group chat lo share immediale decisions. Objectlves and activltles To share Christian message of salvation and the Christian tsfestyie of tove lo all ages wrthin the communty.
Glencroft Church (Glen Parva) Trust Trustees. Annual Report (condni*d) Year ended 31 December 2024 Achl8vemenls and performance Summary of achievements and perfonnance for the year ended 31 December 2024: 1) Church services made available via YouTube both pre•recorded and live. The community has benefitted from being able lo view the chur¢h services via YcKJTube, iflwhen unable lo attend in person. 2} Youth activities - have helped to devebp the SfJ4Jng people through th6ir involvement in the Duke of Edinburgh's Award Scheme. 3) Mums and Tots group enables a sc¢ial enlrOnment Wtthin the communty. 4) Visitation of the sick and needy. 51 Communty bonfire event and carol service. The church is opened to the communty for social gatherirvJ and engagement. by means of rular aclivities and rneais lor all ages, throughout the year. Flnanclal revlew The net income r8sources for the year amounted to £13,472 (2023: 44.610). Gross incom8 has decreased to £172.339 (2023: £181,692}. Total funds has increased by £13,472 in the year, gibing a total funds carried fOard of £501.772 12023: £488.300). Induded within the total fur are r8s1ricled funds of £81.343 (2023: £68,982). Plans for lulure perlods To contlnue to operate regular youth activrlies. provide care in the communty and resources to hxal schools. The truslees, annud report was approved i)n 27 October 2025 and signed i)n behaff of the board of trustees by: Mr J E Duffin (Chairman) Trustee
Glencroft Church (Glen Parva) Trust Independent Examlner's Report to the Trustees ol Glencroft Church (Glen Parva) Trust Year ended 31 December 2024 I report to the Irustees on my examination of Ihe financial statemenls of Glencroft Church (Glen Parva) Trust {Ihe chariW} the year ended 31 December 2024. Responslbllltles arKI basis of report As the trustees of the charity you are reswnsbi le frx tho preparation of the financial statements in accordance wilh the rUIrementS of Ihe Charthes Act 2011 {Ihe Act,). I report in respect of my examination ol the charitys financial statements carried out under section 145 of the 2011 Act and in canwng out my examination I have followed ati the applcabl8 Directions given by the Charty CommissDn under section 145(5){b) of the Act. Independent examlnerfs statement I have complet&Y my examination. I confimi that no material matters have come to my attention in connection with the examination giwng me cause to believe that in any material respect.- accounting records were nol kept in respeci of the charity as required by section 130 of the Act". or th8 Ilnancial statements do not accord those records; or tha linancial stalements do not comply with the aKpli¢able requirements conceming th8 form arKI conlent of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and faif view vthich is not a matter considered as part of an independent examinab'on. I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this reFK)rt in order to 8nable a proper UndStandIng of th8 accounts to be reached. Mark Illingsworth FCA Independeni Examiner The Old Mill, 9 Soar Lane LeiGesler LE3 5DE
Glencroft Church (Glen Parva) Trust Ststement of Financlal Actlvilies Year ended 31 December 2024 2024 Restricted funds Total lunds Total funds 2023 Unr8strietg funds Income and endowments Donations and legacies Other income 127.208 3,820 41,311 168,519 3,820 172,339 177.459 4,233 Total income 131.028 41.311 181,692 Exp8ndlture Expenditure on ¢haritab18 activities Totsl expendlture 129,917 129,917 28.950 28.950 158.867 137,082 158,867 137,082 Net Income and net movement In fvnds 1,111 12,361 13,472 44.610 Reconciliatlon of lunds Total funds broughi forward Total funds carrled forward 419,318 420,429 68,982 81.343 488,300 501,772 443.689 488.300 The statement of financial activibes inc$ all gains and bsses recognised in the year. All incorne and expenditure derive frorn continuing activities. The nol•s on paoos 6 10 11 ftwm part of these flnanclal statements.
Glencroft Church (Glen Parva) Trust Statement of Flnancial Position 31 December 2024 2024 2023 (rnstst¢d) Nol• Flxed assets Tangible fixed assets 12 480.772 471.274 Currenl assets Debtors Cash at bank and in hand 13 4,705 18,698 23.403 12,077 7,236 19,313 Creditors: amounts lalllng due wlthin one year Nel current assets 14 2,403 2.288 17.025 21,000 501,772 501,772 Totsl assets less current Ilabllities Net assets 488.299 488,299 Fund$ of the charlty Restricted funds Unrestricted funds 81,343 420,429 501,772 88,982 419.318 488.300 Total charlty funds 16 These financial statements were appfoved by the ard of trustees and authorised for issue on 27 October 2025. and are signed on behalf of the b)ard by.. Mr J E Duffin (Chainnanl Trustee Tho not•s on pages 6 ta 11 tomi part of those financlal ststemenl$.
Glencroft Church (Glen Parva) Trust Notes to the Flnancial Statements Year ended 31 DKember 2024 General Infomiallon The charity is a public benefft entty and a registered charFty in ErKJland and Wales and is unincorporated. The address of the principal office is 30 Hilders Road. Leicester, LE3 6HD. I Statement of ¢ompllance These finala1 statements have been prepared in coMpan¢e wrth FRS 102. The Financial Reporting SLindard applicable in the UK and the Republic of IrelarNJ', the Statement of A0MMended Practtce applicable to charities preparing their accounts in accordance vath the Financial Reporttro Standard applicable in the UK and Repubtic of Ireland (FRS 102) (Charities SORP IFRS 1021) and the charits Acl 2011, as amended by the Charities Act 2022. Accounung policles Basls of preparation The financial statements have been prepared on Ihe historical cost basis, as modified by the r8valualion of certwn financial assets arKI liabilities measured at fair value Ihrough income or expenditure. Golng concern The trustees have reifjeweil the Chariws proje¢lons and foreGqsts and have concluded that the chartty will be a going concem for the fcrfeseeable future. Judgements and key source8 of estlmatlon uncertainty The preparation of the financial statemlS requires management to make judgements. estimates and assumptions that affect the amounts reported. These estimates and judgements are conknnualty rewewed and are based on experience arKI other factors, including expèclalions of future events that are belleved to be reasonable under the circumstances. Fund accountlng Unrestrlcted funds are available for use at the <fiscretion of the trustees to further any of the charivs puryjoses. Restricted funds are subjected lo restrictions on Iheir exFenditure declared by the donor or through the terms of an appeal. and fall into one of iwo sutTrclasses: restricted income funds or endowment lunds. Ineornlng resources All Income is included in the statement of finan(xal a1vItIeS when entitlement has passed lo the charity, it is probable that the economic benefits asso¢ialed with the transa¢tion wll flow to the charity arKI the amount can be reliabty measured. The folk)vng spe¢ific policies are applied to particular categories of income: - income from donations and charitable actsvibes are recognised upon receipts basis. - gift aid is recognised on a receivable basis.
Glencroft Church (Glen Parva) Trust Notes to the Flnancial Statements (condnwd) Year ended 31 December 2024 Accountlng polici88 (continu Resources axpended ExFEnditure Is recognised on an accruals basis as a liability is incurred. ExperKliture Includes any VAT which cannot be fully recovered, and is dassified under headings of the statement of financial actNities to which it relales: expenditure on charitable actiwties includes afl costs incurred by a charity in undertaklng activities that further its charitabte aims for the benefit of tls beneficiaries, including those support cosls arKI costs relating to the govemance of the charity apportioned to charitable activilies. Tanglble assets Tangible assets are inttiatly recorded at cost and stsbsequenty stated at cost less any accumulated deprecration and impairment losses. Depreclatlon Depreciation Is calculatgj so as to wrrle off the cost or valuation of an asset, less Its residual value, over the useful economic lrfe of that asset as follows.. Freehold property Fixtures and lillings PAotor vehicl8S /• straight line 25Yg reducing bdance 25% reducing balance Impaimwit of flxed assels A revrew for iTrJicators of impairmènt is carried ¢xrt at each re[)ng date. wlh the re¢overab18 amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount. the asset is impaired accordingty. Prior impairments are also reviewed for p)sSIb reversal at each reportiry date. Financlal Instruments A financial asset or a financial Ikqbilty is recognised only when the entsty becomes a party to the contractual provisions of the instrument. Defined contrlbullon plans Contributions to defined contrilxrtion plans are recognised as an expense in the period in which the related service is provided. Prepawj conlribulions are recognised as an asset lo the 8xlenl that the prepayment will lead to a reduction in luture paJThents or a cash refund. When contritwtions are not expected to be settled Whol wtlhin 12 months ol the end of the rewrting date in which the employees render the related service, the labih'ty is measured on a discounted present value basis. The unwinding of the discount is rwnised as an expense in the pericjd in vthich it arises.
Glencroft Church (Glen Parva) Trust Notes to the Financial Statements (¢onIlnthj Year ended 31 December 2024 Donations and legacles Unrestricted Funds Restricted Total Funds Funds 2024 Donatlons Donations Gift AKI 109.953 17.255 109.953 18.755 1.500 Glfts Gifts 39.811 39.811 Grants Grant5 re¢va4e 127,208 41,311 168.519 Unrestrict8d Funds Restrict Total Funds Funds 2023 Donation8 Donations Gift Aid 77,381 14,261 77.381 15.690 1.429 Glfts Gifts 82,873 82.873 Grants Grants receivable 1.515 1,515 93.157 84.302 177.459 Other Income Unreslricted Total Fund8 Unrestrict8d Total Funds Funds %)24 Funds 2023 {r•stat•dJ Camp 3,820 3,820 4,233 4,233
Glencroft Church (Glen Parva) Trust Notes to Ihe Flnancial Statements (con11n6? Year ended 31 December 2024 Expenditure on charltsble aelivltles by fund typo Unrestricted Funds Restricted Total Funds Funds 2024 Charitable actrvities Support o)sts 127.720 2.197 129,917 28,950 156,670 2.197 158.867 28,950 Unrestricted Funds RestrFcted Total Funds Funds 2023 {r•st•tod) Charitable actNities SupFth costs 107,633 2,349 27.099 134,732 2.350 109.982 27.099 137.082 Expendlture on charilable actlvitles by aellvlty type Activilies undertaken directty Support costs Total funds 2024 Total fund 2023 Charitable actiMties Governance costs 156.670 156,670 2,197 158,867 134,732 2.350 2.197 2.197 156.670 137,082 & Nel Income Net income is stated after chargingi(crediling): 2024 2023 {re•thied) Depreciation of tangible fiXj assets 12,555 11,596 Independent examlnatlon f 2024 2023 {Stated} Fees payable to the independent examiner for: Independent examinalion of the financial statements 2,196 2.348 10. Staff costs The charity Irued no staff costs during the year or w8ceeding year.
Glencroft Church (Glen Parva) Trust Notes to the Flnancial Ststements (¢ontrnd) Year ended 31 December 2024 11. Truslee femuneratlon and expenses During the year one of the trustees, Mr S Chandler recaved remuneratx)n amounting to £36.051 12023.. £33,850} for carrying out general charitable activities. DuriTh3 the year five of trustees immediate family and three trustees were reimbursed for general expenses incurred by the Charity and providing a service arnounting to £52,81612023: £37,435). 12. Tanglblo flxed assets Freehold Ftxtures and wopety littings Motor vehicles Equipment Total Cost At 1 January 2024 (as restated) Additions 506,848 21.574 13,739 9.599 530,186 22,053 552.239 479 At 31 December 2024 528.422 13.739 9.599 479 Depreclatlon At l January 2024 Charge for the year At 31 Decamber 2024 44,100 10.424 7,491 7,321 569 58.912 12,555 71,467 54.524 9,053 7,890 Carrylng amount At 31 December 2024 473.898 462,748 4,686 1.709 479 480,772 At 31 December 2023 6.248 2.278 471,274 13. Deblors 2024 2023 PrepayTnents and accrued income Other deblors 836 3,869 670 11.407 12,077 4,705 14. Creditors: amounts falling due wllhln one year 2024 2023 A¢alS and defeed income Social security and other taxes Other creditors 1.680 549 174 1.560 567 161 2.403 2,288 10
Glencroft Church (Glen Parva) Trust Notes to the Financial Statements (COnnUe) Year ended 31 December 2024 IS. Penslons and other post retlrement benefts Defined contribution plans The amount recognised in income or expenditu as an expense in relation to defined contribution plans was £894 (2023: £828). 16. Anatysls of charitable funds 17. Anatysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less Ihan 1 year Net assets 401,103 21,729 {2,403) 420.429 79,669 1.674 480,772 23,403 {2,403) 501,772 81,343 Unrestricted Funds Restricted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Net assets 404,664 16,941 (2,287) 419,318 66.610 2.372 471,274 19,313 (2.287) 488,300 68,982 The only material restricted funds are the fixed assets amounting to £79,669 {NBV) relakn'ng to the capital building costs. 18. Prior year adjuslments The charity has restated the prior year figures due to restricted funds (note 16) being understated by £66,610. This related to restricted fixed assets {NBV) treated as unrestricted funds in 2023 in error. 19. Related parties During the year the charity received donations of £10,000 (2023.. £50,218) from The Shaftesbury Christian Trust The trustee of the charity Mr J Duffin is also a trustee in The Shaftesbury Christian Trust. During the year the charity received donations of £20,000 (2023: £nil) from Glencroft Properties Trust All the trustees of the charity are also trustees in Glencroft Properties Trust. During the year the charity made donations of £3,235 (2024.. £423) to Barton Church. The trustees Mr J Duffin and Mr J Shepherd of the charity are also trustees in Barton Church. 11
Glencroft Church (Glen Parva) Trust Management Information Year ended 31 December 2024 The followlng pages do not form part of the flnanclal slatem8nts. 12
Glencroft Church (Glen Parva) Trust Detalled Statement of Flnanclal Activities Year ended 31 Decernber 2024 2024 2023 Income and endowments Donations and legacies Donations Gift Aid Gifts Grants recetvable 109.953 18,755 39.811 77,381 15,690 82,873 1,515 177,459 168,519 Other Income Camp 3,820 4,233 Tolal Income 172,339 181,692 Expenditure Expendlture on charitable actlvllle$ Wages and salaries Penslon costs Light and heat Repairs and maintenance Insurance Other motorAravel costs Legal and professional fees Telephone Other offlce costs Depreciation Visiting preachers Outreach expenses Youthlchildrens. work Missionary support Music licen¢8 Mini bus Donations made Subscriptions Camp expenses Slaff training Hardship fund payments 36.051 894 7.956 5.047 1,410 3,143 2,197 631 2,403 12.555 2.315 9,592 10,696 52,420 935 1.529 3,235 1.766 3.268 824 33,850 828 6,678 2,572 1,244 2,933 2.350 807 4,119 11,596 2,425 1.693 10.089 46,580 891 1.335 423 551 2.668 750 2.700 158,867 137,082 Total expendilure 158,867 137,082 Nel income 13,472 44,610 13
Glencroft Church (Glen Parva) Trust Notes to the Delailed Ststem8nt of Flnanclal Activities Year ended 31 December 2024 2024 2023 Expendllure on charltable actlvltles Charltable actlvltles Actlvltles undertaken dire¢Ny Wageslsalaries Pension costs Lighl & heat Repairs & maintenance Insurance Motor ar travel costs Telephonelinternet Olher olfice costs Depreciation Visting preachers Outreach expenses Youihlchiblrens, work Missionary support Musi¢ licerr Mini bus Donations made Subscrlptlons Camp expenses Staff training Hardship fund payments 36,051 894 7,956 5,047 1,410 3,143 631 2,403 12,555 2,315 9,592 10,696 52,420 935 1,529 3.235 1.766 3.268 824 33.850 828 6,678 2.572 1.244 2.933 807 4.119 11.596 2.425 1.693 10,089 46.580 891 1,335 423 551 2.668 750 2,700 134.732 156.670 Governance costs Governance costs . acntanCY fees 2.197 Expendltur8 on charitablé actlvllies 158.867 137,082 14