Registered number: 04964286
Charity number: 1101080
THE FORGE COMMUNITY CHURCH
(A company Ilmited by guarantee)
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

THE FORGE COMMUNITY CHURCH
(A company limited by guarantee)
CONTENTS
Page
Reference and admlnlstrative detalls of the Company. Its Dlrnctors and advisers
Trust8e8' report
Trustees. responsibllitles Statement
Independent examinerfs report
Statement of flnanclal actlvltles
Balance sheet
10-41
Notes to the flnanclal statements
12-24

THE FORGE CQMMUNITY CHURCH
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DEfAILS OF THE COMPANY, ITS DIRECTORS AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2024
Dlrectors
Oliver Westmancott, Chair
Sarah Cobbold (appolnted 15 July 2024)
Alison Colchester. Chair (resigned 15 July 2024)
stephen Fenning
stephen Urwn
Michael Walsh
Company reglstered number
04964286
Charity reglstered number
1101080
Registered offlce
The Old Chapel, FoTward Green, Stowmarket, Suffolk, IP14 5HP
Company secretary
Neil Serjeant
Indop•ndent examlners
Larking Gowen LLP. 1 Claydon Business Park, Great Blakenham, Ipswich. IP6 ONL
Bankers
Barclays Bank PLC. 14 Market Hill, Diss, Norfolk, IP22 4JU
Page 1

THE FORGE COMMUNITY CHURCH
IA company Ilmited by guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Directors present their Annual Report together with the Financial Statements of the Charity for the year
ended 31 December 2024. The Annual Repjrt serves the Purposes of both a Trustees, report and a Directors,
report under company law. The Directors confirm that the Annual Report and Financial Statements of the
Gharitsble company comply with the current statutory requirements, the requirements of the chariable companls
goveming document and the provisions of the Statement of Recommended Practice (SORP) applicable to
charities prepanng their a(xounts in aco)rdance with the Financial Reporting Standard applicable in the UK and
Rewblic of Ireland {FRS 102) (effective l January 2019).
Since the company qualifies as small under section 382 of the Companies Act 2006, the Strategic rep)rt
required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors,
Report) Regulalion 2013 has been omitted.
1. Governance & Constltutlon
The Forge Community Church ('The Forge.) is Christian church operating in mid Suffdk. It is a registered charity
and a company limited by guarantee. It is govemed by Its Articles of A$s￿latIOn which were revised and
approved by the Charity Commission on 9 December 2021 and fomially adopled by members on 22 November
2022. The spin'tual 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 limlted company.
The Forge employs a staff team to which is delegated the day-ti>day running of the church. The Senior Leader is
apFoinled by the Directors. Other staff are appointed by the Senior Leader in consultalion with the Diredors.
During 2024, the church employed 9 paid stsff and 2 volunteer staff members. Not all of these were employed all
the time, and several of these are part time, and the average Full Time Equivalent headcount was 6.0 paid and
0.8 unpaid. which 18 the same as 2023.
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. perfomance reviews, pay
scales, policies and procedures. The Compliance Team oversees statutory and legal compliance, for example
Health & Safety and risk review. It is, in tum. supported by a dedicaled 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 acojrding to the law of England and Wales and are connected with the charitable work of the Charty.
Bl Relieve persons who are In condib'ons of need or hardship or who are aged or sick and to relieve the distress
caused thereby in the said Icration and in SUGh other parts of the United lQ'ngdom or the worfd as the Trustees
may from time-to-time think fit.
Page 2

THE FORGE COMMUNITYCHURCH
(A company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
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 unchurGhed people love to be part of. It seeks to be known, involved and
helpful in its local community.
With dedicated public actlvlties for adults, young people and children. The Forge has continued to strive to create
loving and supporbve community of people aligned wilh the person and teaching of Jesus Christ and
encouraging people always to identity and take the next step in their joumey of faith. It has continued to do this in
a way that places no unne￿sSary hindrance to anyone of any background from participabng in our activities and
becoming part of the church. We constanuy 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 l¢)cally and Sntemationally,
operating in partnership wth other agencies and chanties.
The Forge works in partnership wth other churches in the UK and Ireland with similar mission and vision. This
partnership is demonstrated tangibly in our membershlp of the Further Faster Network. The Forge is also a
member of the Evangell¢al Alliance.
3. Actlvltles for Public Benefft, Achlevements and Perfomiance
People's adherence to the church continues to be more fluid and less attendance-focussed than it was 10 years
ago. However, the Forge was pleased to see an increase in average Sunday attendance. The Forge Is making a
d￿eren￿ in people's lives. We believe a relationship with Jesus Christ makes a person's life better and make8
them better at life. 17 people were baptised in 2024. publicly signity'ng that they had found and begun to follow
Jesus. 39 people attended Apha courses which provide an opportunity to explore Christj'anity and faith.
Sundays
Numbers at all gatherings - ￿'d8, youth and adults - were van'able, but the trend over the year was, once again,
of steady growth in numbers. confidence and enthusiasm. Adult numbers started at around 170 and regularly
exceeded 180 by the end of the year. Our Christmas attendan￿ was 550 people over 4 servi￿8 held on 15
De￿Mber. ￿'dS and Youth saw attendance fluctuating between 30 and 50 per week. 60 young people attended
youth residentials in February and October. The youth congregation in particular is rebuilding following the
departure in October of a number of older leenagers to university or the adult congregation. We're really pleased
to have a significant contingent of older teenagers present at Sunday services. seNing and giving, and a
midweek group for young adults is flourishing. A number of children with addttional nee¢Js attend. We have
modified our environments better to suit their needs and have recruited additional volunteers wth the skills and
experien￿ needed to ensure we provide a safe and happy experience for everyone.
We continue to publish a podcast recorded in the live service of the adult Sunday service talk. and we continue
to be active on social media.
Page 3

THE FORGE COMMUNITY CHURCH
(A company Ilmited by guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Local Community
The Forge continued to support the local community in which it is based..
During 2024 the Fumiture Bank made almost 300 deliveries of furniture to households in need. This had a
direct impact on more than 500 peopl8.
The Moses Project provided 248 Moses baskets. the financial value of which was around £20,000. providing
vulnerable mothers with essential items for Iheir new-born baby. The equivalent in 2023 was 193 baskets.
Through our hardship fund we were able to give one off grfts totalling £20,000 to 101 households in need.
This provided white goods, school unrforyn, heating oll. and transport Gosts.
1.9 tonnes of food was distributed to the Parish Pantry through our partnership with Fareshare.
The Away in a Hamper scheme at Christma8 provided a fvll Christmas dinner to 479 people.
In collaboration with Debenham High School, The Forge swtched its community youth provision to after
school activib'es for young people who would othenNise return to an empty home. We provide a safe
environment, activities and food.
The Forge continued to provide chaplalncy support for sludenis at Debenham High Scho￿. 700 students
engaged with our Prayer Space at the beginning of the Spring Term
The Forge also engaged with Prlmary Schools in Stonham Aspal and Debenham, taking assemblieg and
reading with children.
Our Holiday Club in August saw 80 youngsters attendlng. most of whlch are not otherwise associated with
the church. Easter and Christmas activilies for children were also well-supported by familie8 in and around
Debenham.
Group•
The church Continues to believe that personal growth happens best in small groups. Around 180 people
participated in a 10-week or 10_month group. Of these some were focussed on providing community for
participants others more on practical leaming or a shared interest such as creative writing. Groups meet in
person andlor online. The church is encouraged by powerful stories of people finding support and friendship in
groups a8 they have done life togelher, helpin9 them to cope with the ups and downs of life.
Motson, our offering for teenagers, indudes hang)ut groups as an integral part of their acttvity, providing young
people with a safe place to build Iriendships and ask questions.
Volunteers
The church is heavily dependent on its volunteers. 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 benefrt, but also receive benefiL findin9 satk%faction, 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.
Page 4

THE FORGE COMMUNITY CHURCH
(A company Ilmited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
4. Financial Review
Surplu8 and Reserves
The Charty reported a deficit of £24,483 (2023.. £23.203) on general funds and a surplus or £8,375 (2023:
£37,002) on restricted funds. giving a net deficrt for the year of £16.106 (2023.. surpuls of £13.799).
The Directors agreed a minimum reseNes position for the year expressed as a minimum cash balance on
general funds of £46,000. At year end the cash balance was £42.500. The Directors had approved this level of
cash reserves having reviewed slower than expected growth in income. an agreed plan to recover income in
2025 and unbudgeted expenditure in respect of a planning application (see below).
The Charity carried fO￿ard total reserves of £243,87912023." £259,987) of which £187.549 (2023". £212.0321 is
unrestricted. H()wever. of this £169.731 12023.. £177,678) is tied up in tangible fixed assets. Free regerves are
£17,818 (2023.. £34.354), with an additional £56,330 (2023. £47,955) in restricted funds.
The Directors had approved a level below the minimum set having reviewed slower than expected growth in
inGome, an agreed plan to recover income in 2025 and unbudgeted expenditure in respect of a planning
application {see below).
The Directors approved a budget for 2025 Nthich shows an £3,247 surplus. The Diredors remain cognisant of
some risks to income for example budgeted orowth in regular donations to the church, the targets for Gift
Month and Fundraising incL)me, and securing grant funding for some existing staff costs - and wish to have
SLrfficient additional reserves temporarily to ctver any shortfalls.
Income and Expenditure
At £439,746 (2023.. £404,103) income was 9% higher than 2023. he churd7 saw slower than expected growth in
regular income, but saw a POSFtive response to ils Giving Month campaign. Further, it secured restricted funding
to support its community projects, particularly Fumiture Bank arKI the Moses Project.
Expenditure at £455,854 (2023.. £390.304) rose faster than income and reiiecting the costs of renting a gmall
warehouse for the Moses Project and the Furniture Bank. The directors also decided to apply for planning
permission to convert its 2 existing freehold buildings for residential use wth a view subsequently to selling the
premises. This increased in year cost8 by around £10,000.
This report has been prepa￿d taking advantage of the small companies exemption of Part 15 of the Companies
Act 2006.
Approved by order of the members of the board of Trustees and sloned on their behalf by.
Oliver Westmancott
(Chair ot Trustees and Directors)
Date:
20 /,/so',
Page S

THE FORGE COMMUNITY CHURCH
(A company limited by guarantee)
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
The Tru8tees (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 accordan￿ with applicable law and United
Kingdom Ac(xsuntlng Standards (United Kingdom Generally A￿pted Accounting PraGtlce).
Company law requires the Trustees to prepare financial Statements for each financial . Under ￿MpanY law, the
Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of
the slate 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 lo..
select surtable accounting policies and then apply them consi5tently-
obseNe the methods and pnnciples of the Charities SORP IFRS 102)"
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material
departures disclosed and explained in the financial statements-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
Company will continue in business.
The Trustees are responslble for keeping adequate acGounting records that are sufficient to show and explain
the CoMpan￿S transactions and disclose wrth reasonable accuracy at any time the financial position of the
Company and enable them lo ensure that the financial Ststements comply with the Companie8 Act 2006. They
are also responsible for safeguarding the assets of the Company and hence for taking reasonable step8 for the
prevenb'on and detection of fraud and other irregularits'es.
Approved by order
the members of the board of Trustees and signed on its behalf by..
Oliver Westmancott
(Chair of Trustees and Directors)
Page 6

THE FORGE COMMUNITY CHURCH
(A company Ilmited by guarantee)
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
Independent examlner's report to tho Trustees of The Forge Communlty Church (Iho Company)
I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31
December 2024.
Responsibililies and basis of report
As the Trustees of the Company land its directors for the purposes of wmpany law) you are responsible for the
preparation of the accounts in accordanGe with the requirements of the Companies Act 2006 (Ihe 2006 Act.).
Having satisfied myself that the acrAJunts of the Company are not required to be audited under Part 16 of the
2006 Act and are eligible for ind8pendent examinats'on, I report in respect of my examination of the Company's
accounts carried OLrt under section 145 of the Charities Act 2011 ('the 2011 Acl,). In carrying out my examination
I have followed the Directions given by the Charity Commission under section 145{5)Ibl of the 2011 Act.
Independent examlner's statement
Since the Companvs gross income exceeded £250,000 your examiner must be a member of a body listed in
section 145 of the 2011 Act. l Confirm that l am qualified to undertake the examination because l 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 connectlon wth the
examination givlng me cause to believe-
aC￿Unting records were not kept in respect 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 accounts'ng requirements of section 396 of the 2006 Act other than
any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of
an independent examination- or
the accounts have not been prepared in accordance wth 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 Ilmited by guarantee)
INDEPENDENT EXAMINER'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
This report is made solely to the Companvs 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 stste to the Company'8
Trustees those matters l am required to state to them in an Independent examinerfs 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 Companws TTUStees as a body, for my work or for this report.
Signed:
Dated.. 28 August 2025
Christopher Yeates FCA DChA
Larklng Gowen LLP
Chartered AC￿Untants
Ipswich
Page 8

THE FORGE CQMMUNITY CHURCH
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted
lunds
2024
Restrfeted
funds
2024
Total
tunds
2024
Total
funds
2023
Note
Income from".
Donations and legacies
Charitable activities
Investments
355,574
7,739
1.195
57.638
17,600
413.212
25,339
1.195
389.273
14,007
823
Total income
364,508
75,238
439,746
404,103
Expendlture on:
Chartsble activities
388,991
66,863
455,854
390.304
Total expenditure
388.991
66,863
455.854
390.304
Net movement In funds
124.483)
8.375
116.108)
13.799
Roconciliatlon of funds:
Total funds brought fo￿rd
Net movement in funds
212,032
(24,483)
47,955
8,375
259,987
(16,108)
246,188
13, 799
Totsl funds carrled forward
187,549
56,330
243,879
259.987
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 fi'nanGial statements.
Page 9

THE FORGE COMMUNITY CHURCH
(A company limited by guarantee)
REGISTERED NUMBER." 04964286
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Note
Flxed assets
Tangible assets
11
169,731
177.6T8
169,731
177.678
Current assets
Debtor8
Cash at bank and in hand
12
10,872
99,782
9.380
115.485
110,654
124.865
Credrtors: amounts falling due within one
year
13
(36,508)
(42,556)
Net current assets
74,148
82.309
Total assels less current Ilabilities
243.879
259.987
Total net assets
243,879
259,987
Charlty funds
Restricted funds
Unrestricted funds
14
14
56.330
187,549
47.955
212.032
Total funds
243,879
259.987
Page 10

THE FORGE COMMUNITY CHURCH
(A company limited by guarantee)
REGISTERED NUMBER: 04964286
BALANCE SHEET (CONTINUED}
AS AT 31 DECEMBER 2024
The Company was enkn'tled to exempb'on 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 aco)rdance wth the provislons applicable to enlities sub}ect to
the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by..
Ollver Westmancott
(Chair of Trustees and Directors)
Date:
Qol
The notes on pages 12 to 24 form part of these financial statement8.
Page11

THE FORGE COMMUNITY CHURCH
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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.
Accountlng policies
2.1 Basls 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 Pra¢ts'ce applicable lo charrties
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
appllcable 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 entrty under FRS 102. Assets
and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in
the r8levant accounting policy.
2.2 Golng concern
The Directors have ￿nsidered the Charity's position at the time of signing the financial statements,
and in particular the Charills forecasts and projections alongside its current financial posits'on 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 fore8eeable future and at least Iwelve month8
from the date of signing these financial statements. they therefore continue to adopt the going
concem basis of accounting in preparing these financlal statements.
2.3 Income
All income is recognised once the Company has entitlement to the income, 11 Is probable that the
income will be received and the amount of income receivable can bè measured reliably.
Income tax recoverable in relation to donations received under Gift Aid or deeds of CL*venant is
re￿gniSed at the time of the donation.
Page 12

THE FORGE COMMUNITY CHURCH
(A Company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
ounting poll¢les (contlnued)
2.4 Expendlture
Expendrture is recognised On￿ there is a legal or constructive obligation to transfer economic benefit
to a third paty. 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 o)sts, including support costs
involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly
to that activty. Shared costs which contribute to more than one activity and support costs which are
not attributable to a single activity are apportioned between those activrties on a basis consistent with
the use of resour￿$. Central staff costs are allocated on the basis of ￿'ffle spent, and depreciation
charges allocated on the portion of the asset's use.
Expendi￿re on charitable activities is inc#Jrred on dIre￿[Y undertaklng the activltles whlch further the
Companvs objectsves. as well as any associated support costs.
Support ￿StS are those costs Incurred directly in support of expenditure on the objects of the
company and indude project managemenl carried out al Headquarters.
Costs of generating funds are costs incurred in attracting voluntary income. and those incurred in
trading activities that raise funds.
Charitable activities and Governance costs are costs incurred on the companys operations, including
SUPFQrt ￿$ts and c08ts relating to the governance of the company apportioned to charitable
adivities.
Grants payable are charged in the year when the offer 18 made except in those casès where the offer
is conditional, such grants being recognised as expenditure when the conditions attaching are
fulfilled. Grants offered subjeGt to conditions which have not been met at the year end are noted as a
CL)mmitment. but not accrued as expenditure.
2.5 Government grants
Government grants relating to tangible fixed assets are treated as deferred income and released to
Ihe Statement of financial activitses over the expected useful lives of the assets con￿rned. Other
grants are credited to the Statement of financial activitie8 as the related expendi￿re is incurred.
2.6 Interest receivable
Interest on funds held on deposit is included when re￿1vable and the amount can be measured
reliably by the Company., this is normally upon notificab'on 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 2024
counting pollcles (contlnued)
2.7 Tanglble fixed assels and depreciatlon
All assets are capitalised rf they can be used for more than one year.
A review for impairment of a fixed asset is carried out if event8 or changes in Circumstances indicate
that the carrying value of any fixed asset may not be recoverable. Shortralls beiween the carrying
value of fixed assets and their recoverable amounts are recognised as impairments. Impairment
losses are recognised in the Ststement of financial activities incorporating income and expenditure
account.
Tangible flxed assets are Garried at ￿81, net of depreGlatlon ancl any provlslon for Impalrmenl.
Depreciation is provided at rates calculated to write off the cost of fixed assets, less their ests'mated
residual value. over their expected useful lives on the following bases..
Fixtures and fittings
25% Reducing balance
No depreciation 18 charged on the land and freehold property.
2.8 Deblors
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
Castt at bank and in hand includes cash and short-term hlghly Ilquld 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 Llabilities and provisions
Liabilitr'es 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 be estimated reliably.
Liabilities are re¢ognised at th• amount that the Company antlclpates it will pay to settle the debt or
the amount it has received as advanced paymant$ for the goods or 80rvice8 it mugt provide.
Provisions are measured at the best estlmate of the amounts required to settle Ihe 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 Ihe risks specific to the liability. The
unwinding of the discount is re(x)gnised 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 cosi using the effective interest method.
Page 14

THE FORGE COMMUNITY CHURCH
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENOED 31 DECEMBER 2024
Accounting pollcies {contlnued)
2.12 Penslons
The company operates a defined contribution penslon 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 vthich are available for use at the discretion of the Trustees in
fijrtherance of the general objectives of the Company and which have not been designated for other
pu￿Oses.
Restricted funds are funds which are to be used in ac￿rdance with specifiG restrictions imposed by
donors or whith have been raised by the Company for particular purposes. The costs of raising and
administering $u¢h funds are charged against the specthc fund. The aim and use of each restricted
fund is Set out in the notes to the finanGial statements.
Income from donations and legacies
Unrèstricted Restrlct
funds
funds
2024
2024
Total
funds
2024
Tot81
fvnds
2023
Donations
Contribution to mission trips and activities
331,968
23,606
54,594
3,044
386,562
26,650
387,289
1.984
355,574
57,638
413,212
389.273
Total 2023
335.266
54.007
389.273
Page 15

THE FORGE COMMUNITY CHURCH
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Income from charitable activities
Unrestricted Restricted
funds
funds
2024
2024
Total
lunds
2024
Total
fvnds
2023
Church activities
Other grantB
7.739
7.739
17,600
1.407
12.6t)O
17,6CKJ
7,739
17,600
25,339
14.OOT
Tot812023
1.407
12.600
14.007
Investment Incom•
Unrestrfcted
tunds
2024
Totsl
lunds
2024
Total
fvnds
2023
Investment income
1,195
1.195
823
Total 2023
823
823
Anatysis of expendlture by actlvities
Actlvities
undertaken
directly
2024
Grant
fundlng of
activities
2024
Support
costs
2024
Total
funds
2024
Total
ftinds
2023
Church activrties
Mission payments
262,746
18.000
48,998
123.542
2,568
404,288
51,566
356,044
34.260
262,746
66,998
126.110
455.854
390.304
Tot812023
229. 139
52.216
108,949
390,304
Page 16

THE FORGE COMMUNITY CHURCH
(A Company limfted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysls of expendlture by activities {contlnued)
Analysis of dlrect costs
Church
activitles
2024
Total
funds
2024
Total
fvnds
2023
staff costs
Volunteer costs
Motor and travel
Staff development and recruitment
Bank interest and charges
other direct costs
220,912
677
20,081
8.239
1,001
13,836
220,912
677
20,081
6.239
1,001
13,836
206,032
1,164
16.617
2,007
1.110
2.209
262,746
262,746
229.139
Total 2Q23
229,139
229, 139
Page 17

THE FORGE COMMUNITY CHURCH
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysis of expendlture by activities (contlnued)
Anatysls of 8UPPOrt costs
Church
actlvltles
2024
Mlsslon
Payments
2024
Total
lunds
2024
Totsl
funds
2023
Depreciation
Bwks and materials
Refreshments
Equipment
Mission trip support cost6
Hall hir6
Water
Insurance
Light and heat
Telephone
Repairs and maintenance
Subscriptions
Advertising
Independent examinels fee
Legal and professional fees
Charity donations
Visiting speakers
Events and outings
servI￿s bought in
Office expenses
Bad debt
12,597
4.150
12,060
6,953
12.597
4,150
12,060
6,953
2,588
37.882
321
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
2,568
37,882
321
5,816
3.843
2,284
4,893
4.514
680
3,360
8,903
5,816
3,843
2,284
4,893
4,514
680
3,360
8,903
250
2,147
8.712
4,177
250
2,147
8,712
4.1TI
123.542
2,568
126,110
108,949
Total 2023
108.905
108,949
P2ge 18

THE FORGE COMMUNIry CHURCH
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Anaty318 of grants
Grants to
Grants to
Institutions Individuals
2024
2024
Total
lunds
2024
Total
funds
2023
Church activities
Mission Pa￿nents
18.000
16,930
18,000
48.998
18,000
34,216
32.068
34.930
32,068
66,998
52,216
Total 2023
30,112
22,104
52,216
Independent examiner's remuneration
2024
2023
Fees payable to the Companys independent examiner for the Independent
examination of the Companys annual ace))unt8
3,360
3,180
Staff costs
2024
2023
Wages and salaries
Social security costs
Contribution to defined ￿ntributiOn p8n8ion s¢hem65
202,136
12,972
5,804
189,272
11.179
5,581
220,912
206.032
The average number oi persons ernployed by the Company during the year was as follow8:
2024
No.
2023
Employees
10
No employee re￿iVed remuneration amounting to more than £60.000 in either year.
Total key managemenl personnel o)mpensation for the year (including employer pension contributions)
was £33.581 (2023- £31.689), plus the related National Insuran￿ amounting to £3.225 (2023 - £2,971).
Page 19

THE FORGE COMMUNITY CHURCH
(A company Ilmited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
10. Trustees. remuneration and expenses
During the year, one Director has been paid remuneralion or ha5 reGeived other benefits from an
employment with the Company. Remuneration has been paid to the Director in the role as Senior Leader.
The Director has b&n paid under the provision included in the the governing document of the charity.
2024
2023
Stephen Fenning
Remuneration
Pension contributions paid
32,607
974
30.7TO
919
During the year ended 31 December 2024. no Trustee expenses have been incurred (2023 - £NIL).
11. Tangible fixed assels
Freehold Flxtures and
property
fittings
Total
Cost or valuation
At 1 January 2024
Additions
140.000
215,647
4.650
355,647
4.650
At 31 December 2024
140,000
220,297
360,297
Depreclatlon
At 1 January 2024
Charge for the year
177.969
12.597
177,969
12.597
At 31 December 2024
190,566
190,56fj
Net book value
At 31 December 2024
140.000
29,731
169,731
At 31 December 2023
140,000
37,678
177,678
Page 20

THE FORGE COMMUNITY CHURCH
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
12. Debtors
2024
2023
Due within one year
Trade debtors
other debtors
prePa￿nentS and accrued income
400
6,521
3,951
5,115
4.265
10.872
9.380
13. Credltors: Amounts falllng due within one year
2024
2023
Trade creditors
other taxation and social securrty
Other creditors
Accruals and deferred income
11,129
4.305
17,262
3.810
8.467
3.955
17,020
13,114
36,506
42.556
Page 21

THE FORGE COMMUNITY CHURCH
(A company Ilmfted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
1Q Statement of funds
statement of funds - current year
Balance at
31
December
2024
Balance at 1
January
2024
Income Expendlture
unrestrict￿ funds
General Funds
212,032
364.508
(388.991)
187.549
R¢$tricted funds
Restricted Fund
47,955
75,238
(66,863)
56,330
Total of funds
259,987
439,746
(455,854)
243,879
Restricted funds are held for the following purposes..
- Away in a Hamper- annual Chrislmas appeal to provide familieg in need with Christmas dinner
Postbox Project - addressing njral isolation through regular correspondence
- Child Sponsorship - ensuring ihe poorest children in Maposa, Zambia receive one good meal a day
Hardship Fund - making grants for essential expenditure to families in need
- storage Facilities - for the Moses Project and the Furniture Bank
- The Base - open access youth provision in Debenham
Benevity- Kids work at The Forge
- Volunteer Support- providing ID lanyards and official T-shirts for public-facing volunteers
Guatemala- for the 2025 mission trip to Guatemala
Ukraine - funds held from the 2022 appeal for supporting Ukralnian refugees in Suffolk
David & Jill Simpson Grant - grant towards costs of the Lunch Club for older residents held monthly in
Debenham.
Page 22

THE FORGE COMMUNITY CHURCH
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
1& Statsment of funds (continued
Statement of funds - prior year
BalanGe at
31
December
2023
Balance at
1 January
2023
Transfers
in/out
InGome Expenditurn
Unrestrlcted funds
General Funds
235.235
337.496
(357. 609)
(3.090)
212,032
Restricted fund8
Restn'cted Fund
10.953
66.607
(32.695)
3.090
47,955
Total of funds
246. 188
404. 103
(390,304)
259.987
Restricted funds as at Ihe end of 2023 were held for the following purposes:
- Away In a Hamper- annual Christmas appeal to provide families in need with Christmas dinner
Postbox Project - addressing rural isolation through regular correspondence
- Child Sponsorship - ensuring the poorest children in Maposa, Zambia, receive one good meal a day
storage Facllities - for the Moses Project and the Furniture Bank
- The Base - open access youth provision in Debenham
- Benevity- Kids work at The Forge
- Volunteer Support - woviding ID lanyards and official T-shirts for public-facing volunteers
15. Anatysis of net assets between funds
Analysls of net a88•t8 betW￿n funds - Currènt period
Unrestrlctgd Restrfcted
fund5
funds
Total
funds
2024
2024
2024
Tangible fixed assets
Current assets
Creditor8 due within one year
169,731
54.324
{36,506)
169.731
110,654
(36.506)
56,330
Total
187,549
56,330
243,879
Page 23

THE FORGE COMMUNITY CHURCH
(A company limited by guaranto0}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
15. Anatysis of net assets between funds (contlnuod)
Analysls of net assets between funds - prior perlod
Unr8Strided
funds
2023
Restricted
funds
2023
Tot81
funds
2023
Tangible fixed assets
Current assets
Creditors due within one year
177,678
76,910
(42,556)
177.678
124.865
(42.556)
47,955
Total
212,032
47.955
259.987
16. Pension commltmont¥
The charity operates a defined contribution ￿nSIOn schemo. The assets of the 8¢heme 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 £5,804 (2023 - £5,581)
ContribLrtions totalling £1,092 (2023 - £1.065) were payable to the fund at the balan￿ sheet date and are
included in creditors.
17. Operatlng lease commitments
At 31 December 2024 the Company had t￿mMItmentS to makè future minimum lease payments under
non-cancellable operating leases as follows..
2024
2023
Not Sater than 1 year
Later than 1 year and not later than 5 years
28204
2,106
21.700
4,050
30.310
25. 750
18.
Relaled party tran#actlon8
During the year £744 (2023 - £NIL) wa5 paid to close family members of Trustee Michael Walsh for
cleaning Se￿Ices.
There are no further related paty transactions in the year that requlre disclosure (2023 - £NIL), other than
those disclosed in note 10.
Page 24