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← The Forge Community Church

2023-12-31-accounts

Registered number: 04964286 Charity number: 1101080

THE FORGE COMMUNITY CHURCH

(A company limited by guarantee)

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

THE FORGE COMMUNITY CHURCH

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the Company, its Directors and advisers 1
Trustees' report 2 - 5
Trustees' responsibilities statement 6
Independent examiner's report 7 - 8
Statement of financial activities 9
Balance sheet 10 - 11
Notes to the financial statements 12 - 24

THE FORGE COMMUNITY CHURCH

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS DIRECTORS AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023

Directors

Alison Colchester, Chair Sarah Dobson (until 16 October 2023) Stephen Fenning Stephen Urwin Michael Walsh Oliver Westmancott

Company registered number

04964286

Charity registered number

1101080

Registered office

The Old Chapel, Forward Green, Stowmarket, Suffolk, IP14 5HP

Company secretary

Neil Serjeant

Independent examiners

Larking Gowen LLP, 1 Claydon Business Park, Great Blakenham, Ipswich, IP6 0NL

Bankers

Barclays Bank PLC, 14 Market Hill, Diss, Norfolk, IP22 4JU

Page 1

THE FORGE COMMUNITY CHURCH

(A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

The directors present their annual report and the audited financial statements of the charity for the year ended 31 December 2023. The directors have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” in preparing the annual report and financial statements of the charity. The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published on 16 July 2014 (as amended by Update Bulletin 1 published on 2 February 2016).

Since the company qualifies as small under section 382, the strategic report require of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required.

1. Governance & Constitution

The Forge Community Church (“The Forge”) is Christian church operating in mid Suffolk. It is a registered charity and a company limited by guarantee. It is governed by its Articles of Association which were revised and approved by the Charity Commission on 9 December 2021 and formally adopted by members on 30 November 2022. The spiritual leadership of the church is provided by the Elders. The Elders are appointed by the Elders and also serve as trustees of the charity and directors of the limited company.

The Forge employs a staff team to which is delegated the day-to-day running of the church. The Senior Leader is appointed by the directors. Other staff are appointed by the Senior Leader in consultation with the directors. During 2023, the church employed 8 paid staff. Several of these are part time, and the average Full Time Equivalent headcount was 6 which is 0.8FTE less than in 2022.

The Directors have established 4 teams to assist them in the exercise of their responsibilities. The Finance Team provides scrutiny, challenge and support in financial management and budgeting. The People Team scrutinises and supports on people issues, including recruitment and selection, performance reviews, pay scales, policies and procedures. The Compliance Team oversees statutory and legal compliance, for example Health & Safety and risk review. It is, in turn, supported by a dedicated Safeguarding Team who ensure children and vulnerable adults are kept safe. The Elders provide spiritual oversight. Each team provides a regular report to the board whenever it meets.

The charitable objects of The Forge are to:

A) Advance the Christian faith in accordance with the Statement of Beliefs appearing in the Schedule hereto in the county of Suffolk and in such other parts of the United Kingdom or the world as the directors of the Charity (herein called the Trustees) may from time-to-time think fit and to fulfil such other purposes which are exclusively charitable according to the law of England and Wales and are connected with the charitable work of the Charity

B) Relieve persons who are in conditions of need or hardship or who are aged or sick and to relieve the distress caused thereby in the said location and in such other parts of the United Kingdom or the world as the trustees may from time-to-time think fit.

2. Mission and Vision

The Forge seeks to fulfil its charitable objects through its mission to help people find and follow Jesus. Its vision is to be a church community that unchurched people love to be part of. It seeks to be known, involved and helpful in its local community.

With dedicated public activities for adults, young people and children, The Forge has continued to strive to create a loving and supportive community of people aligned with the person and teaching of Jesus Christ and encouraging people always to identify and take the next step in their journey of faith. It has continued to do this

Page 2

THE FORGE COMMUNITY CHURCH

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

in a way that places no unnecessary hindrance to anyone of any background from participating in our activities and becoming part of the church. We constantly monitor our programme, language and approach to ensure we are accessible to anyone and everyone.

We intentionally gave away around 15% of our income to support those in need locally and internationally, operating in partnership with other agencies and charities.

The Forge works in partnership with other churches in the UK and Ireland with similar mission and vision. This partnership is demonstrated tangibly in our membership of the Further Faster Network. The Forge is also a member of the Evangelical Alliance.

3. Activities for Public Benefit, Achievements and Performance

We continue to observe that people’s adherence to the church is more fluid and less attendance-focused than prior to the pandemic. These changes continued to affect Sunday attendance and income. The Forge is making a difference in people’s lives. We believe a relationship with Jesus Christ makes a person’s life better and makes them better at life. 16 people were baptised in 2023, publicly signifying that they had found and begun to follow Jesus.

Sundays

Numbers at all gatherings – kids, youth and adults – were variable, but the trend over the year was, once again, of steady growth in numbers, confidence and enthusiasm. Adult numbers started at around 150 and grew to 170 by the end of the year. Our Christmas attendance was 430 people over 3 services on 10 December. Kids and Youth saw attendance fluctuating between 40 and 60 per week. A number of children with additional needs attend. We have modified our environments better to suit their needs and have recruited additional volunteers with the skills and experience needed to ensure we provide a safe and happy experience for everyone. A smaller proportion of our school-leavers have gone away to university or college. We’re really pleased to have a significant contingent of older teenagers with us on a Sunday morning, serving and giving.

We adapted our online presence during the year. We now provide a podcast recorded in the live service of the adult Sunday service talk, and we continue to be active on social media.

Local Community

The Forge continued to support the local community in which it is based:

Page 3

THE FORGE COMMUNITY CHURCH

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

reading with children.

Groups

The church continues to believe that personal growth happens best in small groups. Around 160 people participate in a 10-week or 10-month group. Of these some were focused on providing community for participants others more on practical learning or a shared interest such as creative writing. Groups meet in person and/or online. The church is encouraged by powerful stories of people finding support and friendship in groups as they have done life together, helping them to cope with the ups and downs of life.

Motion, our offering for teenagers, includes hangout groups as an integral part of their Sunday activity, providing young people with a safe place to build friendships and ask questions.

Volunteers

The church is heavily dependent on its volunteers and is hugely grateful to those who give their time regularly and without complaint to enable the church to achieve its goals. Group Leaders provide leadership and pastoral support. Our in-person gatherings rely on the willingness of our volunteers who have provided set up and pack down, hospitality, welcome, sound and light, music and have worked with our kids and youth. In so doing these volunteers provide public benefit, but also receive benefit, finding satisfaction, friendship, and support through serving.

Numbers

At the end of the year, in excess of 300 adults were registered on our church management system and would call The Forge their home.

4. Financial Review

Surplus and Reserves

In January 2022 the Finance Team recommended a minimum level of reserves of £42,000. At the end of the year the church reported cash at bank and in hand of £115,485 and carried forward reserves of £259,987, of which £212,032 is unrestricted. Whilst this is in excess of the minimum reserves level set, the Directors approved this level of reserves. They recognise that re-building the church after the pandemic will require investment for future growth. The higher level of reserves puts the charity in a strong position to make this investment.

The Directors approved a budget for 2024 which shows an £8,500 deficit which will reduce reserves. The Directors remain cognisant of some risks to income - for example budgeted growth in regular donations to the church, the targets for Gift Month and Fundraising income, and securing grant funding for some existing staff costs - and wish to have sufficient additional reserves temporarily to cover any shortfalls.

Income

Income from donations increased on prior year to £387,289 (2022: £358,119) .

Income from Charitable Activities decreased to £14,007 (2022: £20,071) . This was particularly high in the prior year due to restricted grant fundings for projects, specifically post-pandemic money to support families channelled through the church's Hardship Fund, and support for open access youth work in Debenham and youth work in local High Schools.

Page 4

THE FORGE COMMUNITY CHURCH

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

Expenditure

Expenditure decreased to £390,304 (2022: £433,471) . Whilst the Forge maintained its support to local organisations, local social action and its global partners (Hands at Work in Africa (Africa), Street Kids Direct (Guatemala) and Scripture Union (Croatia), actual mission expenditure was lower than 2022 at £34,260 (2022: £68,464) . 2022 expenditure was unusually high because The Forge received and distributed government postpandemic hardship funding, and due to payment of the proceeds of a relief appeal for victims of the war in Ukraine. In 2023 Furniture Bank costs were low due to reduced transport costs whilst activity levels were broadly similar.

Staff costs reduced to £206,032 (2022: £226,947) following the decision not to replace a member of staff who left in 2022. Staff costs remain the single largest expense.

2023 also saw the resumption of short-term mission trips. 9 people joined a 2-week trip to Zambia, and 2 people travelled to Croatia to support a camp for young people. A planned trip to Guatemala in October to which 6 people were signed up, was postponed due to increased political instability in the country around that time.

Approved by order of the members of the board of Trustees and signed on their behalf by:

......................................................... Stephen Urwin tephén Urwin Director and Trustee Date: 11 August 2024

Page 5

THE FORGE COMMUNITY CHURCH

(A company limited by guarantee)

STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2023

The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees and signed on its behalf by:

Stephen Stephen Urwin Urwin Director and Trustee Date: 11 August 2024

Page 6

THE FORGE COMMUNITY CHURCH

(A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

Independent examiner's report to the Trustees of The Forge Community Church ('the Company')

I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 December 2023.

Responsibilities and basis of report

As the Trustees of the Company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company 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 Company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the Company'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 I am qualified to undertake the examination because I am a member of Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Page 7

THE FORGE COMMUNITY CHURCH

(A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

This report is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Company and the Company's Trustees as a body, for my work or for this report.

Signed:

Christopher Yeates FCA DChA

Larking Gowen LLP

Chartered Accountants Ipswich

27 August 2024

Page 8

THE FORGE COMMUNITY CHURCH

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2023

Note
Income from:
Donations and legacies
3
Charitable activities
4
Investments
5
Total income
Expenditure on:
Charitable activities
Total expenditure
Net (expenditure)/income
Transfers between funds
14
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2023
£
335,266
1,407
823
337,496
357,609
357,609
(20,113)
(3,090)
(23,203)
235,235
(23,203)
212,032		 Restricted
funds
2023
£
54,007
12,600
-
66,607
32,695
32,695
33,912
3,090
37,002
10,953
37,002
47,955		 Total
funds
2023
£
389,273
14,007
823
404,103
390,304
390,304
13,799
-
13,799
246,188
13,799
259,987		 Total
funds
2022
£
356,289
20,071
104
376,464
433,471
433,471
(57,007)
-
(57,007)
303,195
(57,007)
246,188

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 12 to 24 form part of these financial statements.

Page 9

THE FORGE COMMUNITY CHURCH (A company limited by guarantee) REGISTERED NUMBER: 04964286

BALANCE SHEET AS AT 31 DECEMBER 2023

Note
Fixed assets
Tangible assets
11
Current assets
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within one
year
13
Net current assets
Total assets less current liabilities
Total net assets
Charity funds
Restricted funds
14
Unrestricted funds
14
Total funds		 9,380
115,485
124,865
(42,556)		 2023
£
177,678
177,678
82,309
259,987
259,987
47,955
212,032
259,987		 9,166
99,160
108,326
(41,441)		 2022
£
179,303
179,303
66,885
246,188
246,188
10,953
235,235
246,188

The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

Page 10

THE FORGE COMMUNITY CHURCH (A company limited by guarantee) REGISTERED NUMBER: 04964286

BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2023

................................................ kL hoo Stephen Urwin Stephen Urwin (Director and Trustee) (Directof and Trustee) Date: 11 August 2024

The notes on pages 12 to 24 form part of these financial statements.

Page 11

THE FORGE COMMUNITY CHURCH (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

1. General information

The Forge Community Church is a company limited by guarantee incorporated in England and Wales, registered number 04964286. The registered office is The Old Chapel, Forward Green, Earl Stonham, Stowmarket, Suffolk, IP14 5HP.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Forge Community Church meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Going concern

The Directors have considered the Charity’s position at the time of signing the financial statements, and in particular the Charity's forecasts and projections alongside its current financial position and cash available.

Based on this, the Directors have a reasonable expectation that the Charity will have adequate resources to continue in operational existence for the foreseeable future and at least twelve months from the date of signing these financial statements, they therefore continue to adopt the going concern basis of accounting in preparing these financial statements.

2.3 Income

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Page 12

(A company limited by guarantee)

THE FORGE COMMUNITY CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

2. Accounting policies (continued)

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.

Support costs are those costs incurred directly in support of expenditure on the objects of the company and include project management carried out at Headquarters.

Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.

Charitable activities and Governance costs are costs incurred on the company‘s operations, including support costs and costs relating to the governance of the company apportioned to charitable activities.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

2.5 Government grants

Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of financial activities as the related expenditure is incurred.

2.6 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company; this is normally upon notification of the interest paid or payable by the Bank.

Page 13

THE FORGE COMMUNITY CHURCH

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

2. Accounting policies (continued)

2.7 Tangible fixed assets and depreciation

All assets are capitalised if they can be used for more than one year.

A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of financial activities incorporating income and expenditure account.

Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment.

Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures and fittings

25% Reducing balance

No depreciation is charged on the land and freehold property.

2.8 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.9 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.10 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

2.11 Financial instruments

The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Page 14

THE FORGE COMMUNITY CHURCH

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

2. Accounting policies (continued)

2.12 Pensions

The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

2.13 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

3. Income from donations and legacies

Unrestricted
funds
2023
£
Donations
333,739
Contribution to mission trips and activities
1,527
335,266
Total 2022
329,951		 Restricted
funds
2023
£
53,550
457
54,007
26,338		 Total
funds
2023
£
387,289
1,984
389,273
356,289		 Total
funds
2022
£
355,119
1,170
356,289

Page 15

THE FORGE COMMUNITY CHURCH

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

4. Income from charitable activities

Unrestricted
funds
2023
£
Church activities
1,407
Other grants
-
1,407
Total 2022
371		 Restricted
funds
2023
£
-
12,600
12,600
19,700		 Total
funds
2023
£
1,407
12,600
14,007
20,071		 Total
funds
2022
£
371
19,700
20,071

5. Investment income

Unrestricted
funds
2023
£
Investment income
823
Total 2022
104		 Total
funds
2023
£
823
104		 Total
funds
2022
£
104

6. Analysis of expenditure by activities

Church activities
Mission payments
Total 2022		 Activities
undertaken
directly
2023
£
229,139
-
229,139
246,209		 Grant
funding of
activities
2023
£
18,000
34,216
52,216
84,885		 Support
costs
2023
£
108,905
44
108,949
102,377		 Total
funds
2023
£
356,044
34,260
390,304
433,471		 Total
funds
2022
£
365,007
68,464
433,471

Page 16

(A company limited by guarantee)

THE FORGE COMMUNITY CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

6. Analysis of expenditure by activities (continued)

Analysis of direct costs

Staff costs
Mission payments
Volunteer costs
Motor and travel
Staff development and recruitment
Bank interest and charges
Other direct costs
Total 2022		 Church
activities
2023
£
206,032
-
1,164
16,617
2,007
1,110
2,209
229,139
245,709		 Mission
Payments
2023
£
-
-
-
-
-
-
-
-
500		 Total
funds
2023
£
206,032
-
1,164
16,617
2,007
1,110
2,209
229,139
246,209		 Total
funds
2022
£
226,947
500
914
13,417
3,401
287
743
246,209

Page 17

THE FORGE COMMUNITY CHURCH (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

6. Analysis of expenditure by activities (continued)

Analysis of support costs

Depreciation
Books and materials
Refreshments
Equipment
Mission trip support costs
Hall hire
Water
Insurance
Light and heat
Telephone
Repairs and maintenance
Subscriptions
Advertising
Independent examiner's fee
Legal and professional fees
Charity donations
Visiting speakers
Events and outings
Services bought in
Office expenses
Bad debt
Total 2022		 Church
activities
2023
£
11,763
5,094
4,032
6,733
-
29,948
129
3,509
812
2,000
6,614
5,989
292
3,180
3,500
2,676
1,150
3,004
8,690
9,511
279
108,905
101,298		 Mission
Payments
2023
£
-
-
-
-
44
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
44
1,079		 Total
funds
2023
£
11,763
5,094
4,032
6,733
44
29,948
129
3,509
812
2,000
6,614
5,989
292
3,180
3,500
2,676
1,150
3,004
8,690
9,511
279
108,949
102,377		 Total
funds
2022
£
10,370
6,112
5,322
5,332
1,079
24,431
141
3,045
2,761
2,163
3,845
4,512
492
3,000
1,466
400
1,250
2,942
14,648
8,966
100
102,377

Page 18

THE FORGE COMMUNITY CHURCH

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

7. Analysis of grants

Church activities
Mission Payments
Total 2022		 Grants to
Institutions
2023
£
18,000
12,112
30,112
41,422		 Grants to
Individuals
2023
£
-
22,104
22,104
43,463		 Total
funds
2023
£
18,000
34,216
52,216
84,885		 Total
funds
2022
£
18,000
66,885
84,885

8. Independent examiner's remuneration

2023 2022
£ £
Fees payable to the Company's independent examiner for the independent
examination of the Company's annual accounts 3,180 3,000

9. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2023
£
189,272
11,179
5,581
206,032		 2022
£
207,824
12,964
6,159
226,947

The average number of persons employed by the Company during the year was as follows:

2023 2022
No. No.
Employees 9 10

No employee received remuneration amounting to more than £60,000 in either year.

Total key management personnel compensation for the year (including employer pension contributions) was £31,689 (2022 - £34,246) , plus the related National Insurance amounting to £2,971 (202 2 - £3,506).

Page 19

THE FORGE COMMUNITY CHURCH (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

10. Trustees' remuneration and expenses

During the year, one Director has been paid remuneration or has received other benefits from an employment with the Company. Remuneration has been paid to the Director in the role as Senior Leader. The Director has been paid under the provision included in the the governing document of the charity. The value of remuneration and other benefits, since the date of appointment as a Director in the previous year, was as follows:

2023 2022
£ £
Stephen Fenning Remuneration 30,770 33,253
Pension contributions paid 919 993

During the year ended 31 December 2023, no Trustee expenses have been incurred (2022 - £NIL ).

11. Tangible fixed assets

Cost or valuation
At 1 January 2023
Additions
At 31 December 2023
Depreciation
At 1 January 2023
Charge for the year
At 31 December 2023
Net book value
At 31 December 2023
At 31 December 2022		 Freehold
property
£
140,000
-
140,000
-
-
-
140,000
140,000		 Fixtures and
fittings
£
205,509
10,138
215,647
166,206
11,763
177,969
37,678
39,303		 Total
£
345,509
10,138
355,647
166,206
11,763
177,969
177,678
179,303

Page 20

THE FORGE COMMUNITY CHURCH

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

12. Debtors

Due within one year
Other debtors
Prepayments and accrued income		 2023
£
5,115
4,265
9,380		 2022
£
5,218
3,948
9,166

13. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income		 2023
£
8,467
3,955
17,020
13,114
42,556		 2022
£
12,311
3,854
13,548
11,728
41,441

Page 21

THE FORGE COMMUNITY CHURCH

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

14. Statement of funds

Statement of funds - current year

Unrestricted funds
General Funds
Restricted funds
Restricted Fund
Total of funds		 Balance at 1
January
2023
£
235,235
10,953
246,188		 Income
£
337,496
66,607
404,103		 Expenditure
£
(357,609)
(32,695)
(390,304)		 Transfers
in/out
£
(3,090)
3,090
-		 Balance at
31
December
2023
£
212,032
47,955
259,987

Restricted funds are held for the following purposes:

The transfer of £3,090 from general funds to restricted funds represents an overspend on the Furniture Bank and Straight Street funds.

Page 22

THE FORGE COMMUNITY CHURCH

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

14. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
General Funds
Restricted funds
Restricted Fund
Total of funds		 Balance at
1 January
2022
£
279,536
23,659
303,195		 Income
£
330,426
46,038
376,464		 Expenditure
£
(374,727)
(58,744)
(433,471)		 Balance at
31
December
2022
£
235,235
10,953
246,188

Restricted funds as at the end of 2022 were held for the following purposes:

15. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2023
£
Tangible fixed assets
177,678
Current assets
76,910
Creditors due within one year
(42,556)
Total
212,032		 Restricted
funds
2023
£
-
47,955
-
47,955		 Total
funds
2023
£
177,678
124,865
(42,556)
259,987

Page 23

(A company limited by guarantee)

THE FORGE COMMUNITY CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

15. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2022
£
179,303
97,373
(41,441)
235,235		 Restricted
funds
2022
£
-
10,953
-
10,953		 Total
funds
2022
£
179,303
108,326
(41,441)
246,188

16. Pension commitments

The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £5,581 (2022 - £6,159) . Contributions totaling £1,065 (2022 - £1,159) were payable to the fund at the balance sheet date and are included in creditors.

17. Operating lease commitments

At 31 December 2023 the Company had commitments to make future minimum lease payments under non-cancellable operating leases as follows:

Not later than 1 year
Later than 1 year and not later than 5 years		 2023
£
21,700
4,050
25,750		 2022
£
3,356
7,053
10,409

18. Related party transactions

There are no related party transactions in the year that require disclosure (2022 - £NIL) , other than those disclosed in note 10.

Page 24