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2022-12-31-accounts

Charity registration number 1101664

Company registration number 04926246 (England and Wales)

OAK GROVE COMMUNITY CHURCH

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

OAK GROVE COMMUNITY CHURCH

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees D J Woodward
C J Ford
J C Adams
Charity number 1101664
Company number 04926246
Registered office 70 Catton Grove Road
Norwich
Norfolk
NR3 3NT
Independent examiner Argents Accountants Limited
15 Palace Street
NORWICH
Norfolk
United Kingdom
NR3 1RT
Bankers Santander
Bootle
Merseyside
L30 4GB

OAK GROVE COMMUNITY CHURCH

CONTENTS

Page
Trustees' report 1 - 6
Independent examiner's report 7
Statement of financial activities 8
Balance sheet 9
Notes to the financial statements 10 - 27

OAK GROVE COMMUNITY CHURCH

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2022

The trustees present their annual report and financial statements for the year ended 31 December 2022.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 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 (FRS 102)" (effective 1 January 2019).

Objectives and activities

The principle objective of Oak Grove Community Church is to advance the Christian faith, through our worship, church activities and community projects. As part of our community focus we also aim to bring relief to people who are in need due to financial hardship, age, ill-health or other social disadvantage, or who are hard to reach or marginalised within wider society. There has been no change to our objectives during 2022.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the

charity should undertake.

First and foremost as our organisation name suggests, we are a church! A worshipping community or family that is motivated by our faith to seek to love, serve and work among people in the Catton Grove area of North Norwich to see people’s lives and the situations they face transformed.

Community Outreach

We offer regular youth and children’s activities, toddler group and Coffee Stop. Having our own building is an amazing gift, and certainly in term time the chapel is used regularly at least 5 or 6 days per week, both for our own activities as well as other community groups and individuals making use of it.

Family Support

Our Family Support Worker and her team provide targeted support through the Kids Matter and Babies Matter programmes as well as providing ad-hoc support. This can be anything from a friendly listening ear to more formal advocacy and support for parents and carers. Our Family Support Worker also coordinates our befriending project ‘Two’s Company’.

Community Money Advice

Our trained advisors are equipped to help with a wide range of money and debt issues. It could be something proactive like training on money management or budgeting and we are also able to help in situations of debt and can work with our clients, dealing with creditors on their behalf to alleviate their immediate stresses and strains and work towards successful debt resolution for them.

Locally Trusted Organisation (LTO) for the Big Local

A community plan in which our role is providing support to the Catton Grove Big Local Partnership as they endeavour to make Catton Grove a better place to live work and volunteer.

OAK GROVE COMMUNITY CHURCH

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Achievements and performance

Reflecting back on a year is always an interesting activity as inevitably amongst the key events and activities you are reminded of things that you have forgotten even happened!

Nationally, the continued emergence from a pandemic dominated existence of the previous 2 years was dealt a blow as we careered into a cost of living crisis, political unrest and the loss of our monarch, but as an organisation devoted to supporting our local community both spiritually & practically we have been pleased to maintain our presence and ability to respond to needs both through regular activities but also on a more ad-hoc basis as and when required.

Family Support

Another busy year in this growing portion of our outreach and ministry. We ran two Kids Matter and two Babies Matter programmes this year, engaging with and building relationships with 25 parents. Two babies were born during the programmes (not literally in the building!) which was a great privilege to be involved in at the early stages of their lives.

Our regular first Sunday event ‘All-In’ has grown this year offering a place to come and be – a relaxed café style setup principally aimed at families with games, craft, refreshments throughout and a light afternoon tea served.

Family Support Hub

After 8 years of being our tenant we bid farewell to Time Norfolk who relocated their offices and counselling support service elsewhere in Norwich. This provided us with the opportunity to refurbish and repurpose our upstairs room into a Family Support Hub for which we were pleased to receive funding for the redecoration, furniture and equipment.

This space will mean we have a fixed office base for our Family Support team to operate from as well as 2 other rooms for small group and one to one work including our highly successful Kids Matter and Babies Matter programmes (see above) – some delays to works meant that we have postponed our planned ‘grand opening’ until early 2023.

Youth / Children’s Activities

With our Assistant leader firmly settled in his post, we have been able to not just maintain but also extend our Children’s and youth provision:

Youth:

Fresh Fridays

Weekly youth cafe - about 25 individuals reached over the year with a regular attendance of 6-10.

Holy Potato

Weekly lunch club in Sewell Park Academy - about 50 kids reached over the year with a regular attendance of around 25. Every week they hear a 60 seconds snippet about God.

Freshers

Weekly (now fortnightly) discipleship group - regularly 3 young people digging deeper into Jesus and the Bible.

Encounter camp

We took 3 young people with us, joining with Norwich, Breckland and Integrate Youth for Christ centres. 1 of our young people made the decision to follow Jesus, all of them had a fantastic time and want to bring friends next year. Chill

New weekly after school club - 1 young person attends regularly so far. The same one that made a commitment at Encounter camp and we regularly open the Bible with him at Chill. Despite the name we have developed this into a warm space for young people since December through receipt of new funding received.

OAK GROVE COMMUNITY CHURCH

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Childrens:

Sunday mornings

Initially post-covid we restarted our usual weekly provision on Sundays with up to 5 kids attending. Kidz Klub

In September we replaced the above with a monthly Kidz Klub - we now regularly have 8-15 kids, many of whom wouldn't normally connect with us on a Sunday morning.

Board games

Monthly board games afternoon - we regularly see 1-5 people attend - a social space to get to know the families in the area a bit better.

Summer Holiday club

We had about 30 kids attend for this 3 day extravaganza with help from Raise Kids.

FISH

We restarted our Food and Fun In School Holidays (FISH) club in June half term for local families, providing a 2 course meal and a visit from a local zoo keeper with his minibeasts and reptiles. We have since increased the number of FISH clubs to have a greater impact on families, and ran 2 in October half term: a board games morning and a visit from Norwich Puppet Theatre to do a puppet making workshop. We will continue to run this club each half term in 2023 with the hope to increase to 3 clubs per week and include some trips to local attractions as the weather improves.

Operation Christmas Child Shoebox Appeal

We held our annual Shoebox Sunday in November, packing over 40 shoeboxes with a range of toys, craft, stationery, toiletries and clothing to be sent overseas to children for Christmas. We were also a drop off point for individuals and local organisations and sent over 250 shoeboxes to the local warehouse for processing. In 2023 we will hold another Shoebox Sunday event and continue to be a drop off point for the local community.

Charity Shop

One man’s junk is another man’s treasure, so the saying goes and certainly from both the throughput of donated second hand items, increased & regular customer footfall and ever increasing purchases made, our charity shop testifies well to that saying. Our ever popular Christmas opening event as well as regular 4 for a £1 stock clearance sales continue to prove popular.

In fact this last year has seen the highest turnover we have ever had at £27,007, indicative of the financial challenges we are all facing, with people looking for quality goods at lower prices. It also continues to contribute a very welcome boost to our funds.

Gift Day

During July, we held a Gift Day. This was in direct response to the challenge we were facing in our predicted income versus expenditure alongside wanting to raise funds to employ an intern for a year, fund some theology training for our Assistant Leader and some monies towards building improvements at our chapel site.

Our congregation of faithful people once more ‘turned up’ and we were pleased to raise around £33k, smashing our £30k initial target. This meant that we were able to proceed with our plans mentioned above as well as boost our financial reserves.

To date we have completed the Main Hall interior lighting replacement and exterior security lighting replacement, with the front step renewal currently scheduled for January 2023.

Warm Welcome / Foodbank

In direct response to the stark yet very real choice of heating or eating we commenced a community Warm Space in November that we have called Warm Welcome that runs alongside our existing Foodbank Distribution Point on a Tuesday Evening. It’s a simple yet effective premise: Anyone is welcome to come and spend the whole evening or just a part of it with us in the warm, thereby not needing to heat their home for the period. In addition we are serving hot drinks, soup and toasties – all of this is provided at no charge.

We continue to operate the aforementioned foodbank distribution point and are regularly providing weekly food

parcels to 10-15 households.

OAK GROVE COMMUNITY CHURCH

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Oak Grove Community Money Advice

This year we saw 21 clients dealing with £407,016 of debt on their behalf. We have assisted with 9 debt relief orders, 2 bankruptcies, 4 debt management plans. The rest of the cases are ongoing towards a financial solution. We gained two new volunteers on our staff. They have completed their level 1 and 2 training and will complete level 3 once they had a couple of months more experience. We have made strong connections with the staff at the local school including being asked to host a Yr6 assembly and facilitate a drop-in session for parents.

Big Local

We continue in our role as the Locally Trusted Organisation (LTO) for the Catton Grove Big Local Partnership. With funding from the Big Lottery Community Fund, we act in an admin and finance control role on behalf of the partnership, as they seek to make decisions on funding and investment into our community based on agreed priorities stemming from residents ideas, views and comments. The overall aim of the partnership is to make our area of Catton Grove an even better place to live, work and volunteer in as we collectively work towards creating a stronger, more confident, healthier and more prosperous community that is able to face whatever the future brings.

Synergy

So good to be back at an in person conference in February as we gathered in Derby with folks from the other churches within the Synergy Churches family. The theme was Church for all Generations and comprised a range of input across the weekend.

The rhythm of Team retreats, and development days as well as the senior leaders retreat were also welcome returns, in addition the growing development of Cluster of Synergy churches based in the Eastern region has been encouraging.

Prayer Meetings / Be Still

Thankfully we are not restricted to doing everything via Zoom anymore but we have found that our regular weekly prayer meetings still function well on Zoom and so are continuing those, and also short 6-week video/discussion courses equally work well in this format so we were pleased to run the Be Still course mid-year. Future plans are to run the Lectio Course on Zoom in February 2023.

Intern

We began the year welcoming a new intern through an organisation called DNA. Initially plans were for the intern to do a 2nd year with us through DNA but in the end we were able to employ her directly from September as a result of Gift Day donations.

The intern will continue to support both our children’s and youth work as well as getting involved in our Young Adults group and continue to share musical & leadership skills in smaller gatherings such as Selah – our monthly Thursday evening ‘Come and Be’ gathering and also on Sundays.

Christmas Hampers

Similar to initiatives from previous years we identified families whom we have worked with regularly over the past year and prepared predominantly fresh produce hampers including meat, vegetables and fruit that were delivered immediately prior to Christmas. Subject to the size of the household we anticipated there was anything from 4-7 days worth of food therein. Food supply chain issues proved a bit of a challenge but we overcame all of this. In fact on one occasion when one of our staff was purchasing multiple identical items in a local supermarket it provoked conversation with the customer in front who was so impacted by the aim of what we were doing that they proceeded to pay for the items concerned as a donation!

OAK GROVE COMMUNITY CHURCH

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Funding

For the first time in 3 years we were able to hold our annual quiz and chips evening raising funds towards some ongoing building modifications. In fact it proved so successful we are thinking of making it a twice yearly event.

We remain grateful to the continued faithful and generous giving of our church family not least at the aforementioned Gift Day as well as receiving funding, support and assistance from the following organisations across this past year:

Catton Grove Big Local Ivy Child Trust Morrisons Norwich City Council Norfolk County Council Norfolk Community Fund (Love Norfolk) Norwich Foodbank

Looking ahead into 2023, on the one hand the future feels uncertain as we continue to grapple with inflationary cost of living rises and other external pressures. However we remain committed to our Lord & Saviour Jesus Christ and our vision of seeing this community of North Norwich that we serve transformed.

Financial review

Going Concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

Reserves policy

The balance of the General Fund (i.e. unrestricted assets) at the end of the year includes funds retained to cover the costs of running the office and staff costs. Most of the tithe funds were allocated annually across a range of recipients under the broad headings of home and overseas mission, support for individuals in crisis, support for local causes in Catton Grove and training.

The Trustees recognise again that the Charity as at 31 December 2022 has no significant unrestricted funds. Whilst the Trustees have again been encouraged by income levels during the year, given the ongoing challenges that the charity sector is facing in the UK, it has still not been possible to fully address the issue of reserves. The Trustees maintain that building reserves is important and will continue to investigate ways in which appropriate levels of reserves might be accumulated in future, whilst maintaining an acceptable level of services and output, but effective day to day financial management and avoiding a working deficit remain the Trustees’ priority.

Having considered the potential risks the Charity faces and having assessed future plans, the Trustees will also continue to consider the capacity to build up free reserves sufficient to ensure an orderly withdrawal from the Charity’s operating role, should that become necessary, including meeting our contractual obligations and any redundancy arrangements.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The charity is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association.

The principal objectives of Oak Grove Community Church are:

  1. To advance the Christian faith;

  2. To bring relief to people who are in need due to hardship, age, or who are sick, in the community;

  3. To provide recreational and other leisure-time activities for people who have a need due to youth, poverty or social and economic circumstances, in Norwich, the United Kingdom and the world.

  4. 5 -

OAK GROVE COMMUNITY CHURCH

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

D J Woodward

B A Rayner (Resigned 20 October 2022) C J Ford

J C Adams

Appointment or election of Trustees

The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association. The Trustees who served during the period are shown under Legal and Administration information on page 1.

Organisational structure and decision-making policies

Trustees generally meet quarterly, with more frequent meetings held where the need arises, and are responsible for the management and administration of the Church in accordance with the constitution and general law. The Trustees (listed above) are expected to fulfil their legal duties having regard to the spiritual direction of the church. One of the existing Trustees is also a member of the Leadership Team of Oak Grove Community Church. The additional members of the Church Leadership Team who are not Trustees, are Lynette Woodward, Kate Ash and Daniel Starling.

The Leadership Team meets twice a month and is responsible for the spiritual leadership, strategy and overall direction of the Church. The staff management team oversee the daily operation of the charitable company under the supervision of the Trustees. With the exception of Darren Woodward who is paid for his services as Pastor and Senior Leader, the Trustees receive no payment apart from the reimbursement of out of pocket expenses.

The trustees' report was approved by the Board of Trustees.

J C Adams Trustee

15 August 2023

OAK GROVE COMMUNITY CHURCH

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF OAK GROVE COMMUNITY CHURCH

I report to the trustees on my examination of the financial statements of Oak Grove Community Church (the charity) for the year ended 31 December 2022.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity 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 charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity’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 , 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 that in any material respect:

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 financial statements to be reached.

Mark Johnstone FCA

Argents Accountants Limited 15 Palace Street NORWICH Norfolk NR3 1RT United Kingdom

Dated: 16 August 2023

OAK GROVE COMMUNITY CHURCH

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2022

Unrestricted Restricted
funds
funds
2022
2022
Notes
£
£
Income and endowments from:
Donations and
legacies
3
123,389
155,216
Charitable
activities
4
20,102
-
Other trading
activities
5
27,007
-
Investments
6
764
-
Other income
7
8,543
-
Total income
179,805
155,216
Expenditure
on:
Raising funds
8
13,401
-
Charitable
activities
9
189,087
154,523
Total expenditure
202,488
154,523
Net (outgoing)/
incoming resources
before transfers
(22,683)
693
Gross transfers
between funds
2,348
(2,348)
Net expenditure for
the year/
Net movement in
funds
(20,335)
(1,655)
Fund balances at 1
January 2022
224,173
169,280
Fund balances at 31
December 2022
203,838
167,625		 Total
Unrestricted Restricted
funds
funds
2022
2021
2021
£
£
£
278,605
101,727
106,106
20,102
7,789
142
27,007
18,171
-
764
364
-
8,543
6,610
-
335,021
134,661
106,248
13,401
3,395
-
343,610
166,991
114,211
357,011
170,386
114,211
(21,990)
(35,725)
(7,963)
-
23,559
(23,559)
(21,990)
(12,166)
(31,522)
393,453
236,339
200,802
371,463
224,173
169,280		 Total
2021
£
207,833
7,931
18,171
364
6,610
240,909
3,395
281,202
284,597
(43,688)
-
(43,688)
437,141
393,453
Donations and
legacies
3
Charitable
activities
4
Other trading
activities
5
Investments
6
Other income
7
Total income
Expenditure
on:
Raising funds
8
Charitable
activities
9
Total expenditure
Net (outgoing)/
incoming resources
before transfers
Gross transfers
between funds
Net expenditure for
the year/
Net movement in
funds
Fund balances at 1
January 2022
Fund balances at 31
December 2022

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

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

OAK GROVE COMMUNITY CHURCH

BALANCE SHEET

AS AT 31 DECEMBER 2022

Notes
Fixed assets
Tangible assets
14
Current assets
Debtors
15
Cash at bank and in hand
Creditors: amounts falling due
within one year
16
Net current assets
Total assets less current liabilities
Income funds
Restricted funds
17
Unrestricted funds
Designated funds
18
General unrestricted funds		 2022
£
5,706
138,644
144,350
(23,119)
202,967
871		 £
250,232
121,231
371,463
167,625
203,838
371,463		 2021
£
449
130,915
131,364
(15,032)
213,015
11,158		 £
277,121
116,332
393,453
169,280
224,173
393,453

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2022.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the Trustees on 15 August 2023

J C Adams Trustee

Company registration number 04926246

OAK GROVE COMMUNITY CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

Charity information

Oak Grove Community Church is a private company limited by guarantee incorporated in England and Wales. The registered office is 70 Catton Grove Road, Norwich, Norfolk, NR3 3NT.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

OAK GROVE COMMUNITY CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

(Continued)

1.5 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.

1.6 Tangible fixed assets

Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value can be measured reliably.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings 4% straight line Equipment 20% straight line Sound equipment 25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

OAK GROVE COMMUNITY CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

(Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Total 2021 £ 102,489 105,344 207,833 99,043 6,301 105,344
Unrestricted Restricted funds
funds		 2021
2021		 £
£		 95,375
7,114		 6,352
98,992		 101,727
106,106		 51
98,992		 6,301
-		 6,352
98,992
Total 2022 £ 130,309 148,296 278,605 148,296 - 148,296
Unrestricted Restricted funds
funds		 2022
2022		 £
£		 123,389
6,920		 -
148,296		 123,389
155,216		 -
148,296		 -
-		 -
148,296
Donations and legacies Donations and gifts Grants Grants receivable for core activities General Grants Government Grants - Coronavirus Job Retention Scheme
3

OAK GROVE COMMUNITY CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

4 Charitable activities

Core
Charitable
Activities
2022
£
Charitable income
18,157
Analysis by fund
Unrestricted funds
18,157
Restricted funds
-		 Events
2022
£
1,945
1,945
-		 Total
Core
Charitable
Activities
2022
2021
£
£
20,102
7,354
20,102
7,354
-
-		 Events
2021
£
577
435
142		 Total
2021
£
7,931
7,789
142

5 Other trading activities

Unrestricted Unrestricted
funds funds
2022 2021
£ £
Charity shop income 27,007 18,171

6 Investments

Unrestricted Unrestricted
funds funds
2022 2021
£ £
Interest receivable 764 364
Other income
Unrestricted Unrestricted
funds funds
2022 2021
£ £
Miscellaneous income 234 229
Use of premises 8,309 6,381
8,543 6,610

7 Other income

OAK GROVE COMMUNITY CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

8 Raising funds

Unrestricted Unrestricted
funds funds
2022 2021
£ £
Fundraising and publicity
Other fundraising costs 169 32
Trading costs
Operating charity shop 5,064 3,363
Staff costs 7,964 -
Support costs 204 -
13,232 3,363
13,401 3,395
Total 2021 £ 61,490 20,481 46,075 835 100 38,333 167,314 103,346 10,542 281,202 166,991 114,211 281,202
Total 2022 £ 50,964 20,765 69,747 3,178 3 37,795 182,452 149,581 11,577 343,610 189,087 154,523 343,610
Catton Grove Big Local 2022 £ 34,726 - 34,074 - - 37,795 106,595 - - 106,595 - 106,595 106,595
Charitable giving 2022 £ - - 18,895 - - - 18,895 - - 18,895 18,227 668 18,895
Community activities 2022 £ 8,317 - 15,477 1,715 3 - 25,512 - - 25,512 2,641 22,871 25,512
Church activities 2022 £ - - 1,301 1,463 - - 2,764 - - 2,764 2,644 120 2,764
Core charitable activities 2022 £ 7,921 20,765 - - - - 28,686 149,581 11,577 189,844 165,575 24,269 189,844
Charitable activities Staff costs Depreciation and impairment General expenditure Catering Choir SLA Payments Share of support costs (see note 10) Share of governance costs (see note 10) Analysis by fund Unrestricted funds Restricted funds
9
(Continued) Catton
Total		 Grove Big
2021		 Local £
£		 34,939
61,490		 -
20,481		 25,014
46,075		 -
835		 -
100		 38,333
38,333		 98,286
167,314		 -
103,346		 -
10,542		 98,286
281,202		 -
166,991		 98,286
114,211		 98,286
281,202
Charitable giving £ - - 15,267 - - - 15,267 - - 15,267 14,107 1,160 15,267
Community activities £ - - 5,201 256 100 - 5,557 - - 5,557 1,752 3,805 5,557
Church activities £ - - 593 579 - - 1,172 - - 1,172 1,172 - 1,172
Core charitable activities £ 26,551 20,481 - - - - 47,032 103,346 10,542 160,920 149,960 10,960 160,920
Charitable activities For the year ended 31 December 2021 Staff costs Depreciation and impairment General expenditure Catering Choir SLA Payments Share of support costs (see note 10) Share of governance costs (see note 10) Analysis by fund Unrestricted funds Restricted funds
9

OAK GROVE COMMUNITY CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

10
Support costs
Support
costs
Governance
costs
£
£
Staff costs
108,576
-
Depreciation
6,569
-
Establishment
17,865
-
Administration
14,175
-
Travelling
724
-
Telephone and
computer
1,487
-
Bank charges
389
-
Independent
examiner fees
-
2,520
Accountancy
-
8,114
Legal and
professional
-
943
149,785
11,577
Analysed between
Trading
204
-
Charitable activities
149,581
11,577
149,785
11,577		 2022
Support
costs
Governance
costs
£
£
£
108,576
70,100
-
6,569
6,807
-
17,865
10,464
-
14,175
14,491
-
724
289
-
1,487
728
-
389
467
-
2,520
-
2,901
8,114
-
7,641
943
-
-
161,362
103,346
10,542
204
-
-
161,158
103,346
10,542
161,362
103,346
10,542		 2021
£
70,100
6,807
10,464
14,491
289
728
467
2,901
7,641
-
113,888
-
113,888
113,888

Governance costs includes payments to the Independent Examiner of £2,160 (2021- £2,400) for Independent examination fees.

11 Trustees

During the year, one Trustee received remuneration of £38,515 (2021 : £37,482), inclusive of employer pension contributions in respect of services he provides undertaking the role of Senior Pastor under a contract of employment.

During year ended 31 December 2022, expenses totalling £402 were reimbursed or paid directly to 1 Trustee (2021 : £5,352 to 1 Trustee) in relation to travel expenses incurred in relation to his role as an employee.

12 Employees

The average monthly number of employees during the year was:

The average monthly number of employees during the year was:
2022 2021
Number Number
Involved in charitable activities 6 4
Involved in support services and governance 4 4
Total 10 8

OAK GROVE COMMUNITY CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

12
Employees
Employment costs
Wages and salaries
Social security costs
Other pension costs		 (Continued)
2022
2021
£
£
154,688
130,083
5,574
(969)
7,242
2,476
167,504
131,590		 (Continued)
2022
2021
£
£
154,688
130,083
5,574
(969)
7,242
2,476
167,504
131,590
131,590

The total amount of employee benefits (including employer pension contributions) received by key management personnel for their services to the Company was £77,950 (2021 : £57,718)

A large proportion of the activities of the charity are staffed by volunteers. This help is unquantifiable but without it the charity could not continue to pursue its work.

There were no employees whose annual remuneration was more than £60,000.

13 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

14 Tangible fixed assets

Tangible fixed assets
Freehold
land and
buildings
Equipment
Sound
equipment
£
£
£
Cost
At 1 January 2022
675,860
18,807
35,424
Additions
-
443
-
At 31 December 2022
675,860
19,250
35,424
Depreciation and impairment
At 1 January 2022
399,574
18,483
34,911
Depreciation charged in the year
27,033
172
129
At 31 December 2022
426,607
18,655
35,040
Carrying amount
At 31 December 2022
249,253
595
384
At 31 December 2021
276,285
323
513		 Total
£
730,091
443
730,534
452,968
27,334
480,302
250,232
277,121

OAK GROVE COMMUNITY CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

15
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
16
Creditors: amounts falling due within one year
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income		 2022
£
50
-
5,656
5,706
2022
£
2,594
10,369
892
9,264
23,119		 2021
£
50
64
335
449
2021
£
2,670
6,315
1,638
4,409
15,032
Balance at 31 December 2022 £ 70,280 58,320 4,060 23,039 1,843 371 - - - - 3,827 - - - 646 - 410 - - - 92 725 -
Movement in funds Resources
Transfers		 expended £
£		 -
-		 (6,268)
-		 (666)
443		 (111,314)
(4,941)		 (9,168)
248		 (370)
-		 (790)
25		 -
-		 -
(250)		 -
-		 (12,097)
3,424		 -
-		 -
-		 -
-		 (1,231)
-		 (785)
16		 (331)
(1,065)		 -
-		 -
-		 -
(250)		 (826)
-		 (775)
-		 (2,402)
2
Incoming resources £ - - - 119,101 6,100 370 765 - - - 12,500 - - - 50 - - - - - 918 1,500 2,400
Balance at 1 January 2022 £ 70,280 64,588 4,283 20,193 4,663 371 - - 250 - - - - - 1,827 769 1,806 - - 250 - - -
Movement in funds Resources
Transfers		 expended £
£		 -
-		 (6,268)
(6,268)		 (620)
738		 (83,836)
(11,590)		 (7,241)
415		 (843)
232		 (489)
(2,498)		 (600)
-		 -
250		 (830)
693		 (10,383)
(3,867)		 (25)
(1,517)		 (874)
(720)		 -
(1,298)		 (173)
-		 (1,699)
-		 -
1,806		 (330)
4		 -
(189)		 -
250		 -
-		 -
-		 -
-
Incoming resources £ - - - 81,630 6,142 50 495 600 - 137 12,300 100 - - 2,000 2,468 - 326 - - - - -
Balance at 1 January 2021 £ 70,280 77,124 4,165 33,989 5,347 932 2,492 - - - 1,950 1,442 1,594 1,298 - - - - 189 - - - -
Maintenance of Buildings Fund Catton Grove Primary School Devel Fund Fixed Assets of OG Fund Catton Grove Big Local Supporting Families Collections to be passed on CGBL - Childrens Work Chapel blinds Samaritans Purse - Befriending Year Out - N Blanch CGBL - Money Advice COVID Response Christmas Appeal (2020) Giving Tuesday Ivy Child Charitable Trust NCC Babies Matter Cinnamon Befriending Leaving gift Bishop of Norwich - Kids matter Kids Matter CGBL - Board Games CGBL - Warm spaces building modifications NCF - Winter Household support fund
(Continued) Balance at 31 December 2022 1,004 569 1,183 942 150 164 167,625
Movement in funds Resources
Transfers		 expended (1,396)
-		 (3,958)
-		 (817)
-		 (1,058)
-		 -
-		 (271)
-		 (154,523)
(2,348)
Incoming resources 2,400 4,527 2,000 2,000 150 435 155,216
Balance at 1 January 2022 - - - - - - 169,280
Movement in funds Resources
Transfers		 expended -
-		 -
-		 -
-		 -
-		 -
-		 -
-		 (114,211)
(23,559)
Incoming resources - - - - - - 106,248
Balance at 1 January 2021 - - - - - - 200,802
Restricted funds Family Support - Development Fund Love Norfolk Fund Winter Food 2022 NCF Warm Spaces - Chill Foodbank - 2022 winter fund Toddler Group
17
d ra ra ts ch a e d en t ra iv to to e e at
Restricted funds Restricted funds are those received with a restriction on their use. The Maintenance of Buildings Fund - represents funding retaine charity's use of Catton Grove Primary School has been signed. The Catton Grove Primary Sch Devel Fund - relates to the funds The Fixed Assets of OG Fund - represents funding received and depreciation charge on the assets. The Property Improvement Fund - represents some generous gif the replacement of single-glazing with double-glazing at the chur modern equivalents. Catton Grove Big Local fund - From 1 August 2018, the charity h funded initiative enabling local people to make their communities back office support for this community led ‘Local Partnership’ (ma area. The charity’s role is such that it has no control over the sp and is simply a conduit for monies to be received and paid (since receives a management fee which is based upon the amount of g The Bishop of Norwich, Kids Matter Fund - relates to a grant rece CGBL Children’s work fund - represents grant funding received mornings. CGBL Money Advice fund - represents grant funding received to d Covid Response fund - these funds were received from a rang changing situation. Funders included: Norfolk Community Found Samaritan’s Purse.
17
Designated funds The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes: Movement in funds
Movement in funds		 Balance at
Incoming
Resources
Balance at
Incoming
Resources
Transfers
Balance at		 1 January
resources
expended
1 January
resources
expended
31		 2021
2022
December		 2022 £
£
£
£
£
£
£
£		 Youth Events Bursary Fund
822
-
-
822
20
(285)
-
557		 Property at Catton Grove Road Fund
228,650
-
(20,400)
208,250
-
(20,400)
-
187,850		 Catton Community Choir
1,525
-
(100)
1,425
-
-
-
1,425		 Tithe
205
9,847
(7,834)
2,218
10,778
(12,317)
2,587
3,266		 Christmas Appeal 2021
-
1,755
(1,455)
300
125
(125)
(300)
-		 Gift Day
-
-
-
-
28,261
(15,805)
(2,587)
9,869		 231,202
11,602
(29,789)
213,015
39,184
(48,932)
(300)
202,967
18

OAK GROVE COMMUNITY CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

19 Analysis of net assets between funds

Analysis of net assets between funds
Unrestricted
funds
Restricted
funds
2022
2022
£
£
Fund balances
at 31 December
2022 are
represented by:
Tangible assets
187,852
62,380
Current assets/
(liabilities)
15,986
105,245
203,838
167,625		 Total Unrestricted
funds
Restricted
funds
2022
2021
2021
£
£
£
250,232
277,121
-
121,231
116,332
-
371,463
393,453
-		 Total
2021
£
277,121
116,332
393,453

20 Related party transactions

Transactions with related parties

During the year the charity entered into the following transactions with related parties:

Donations received by the charity, with no conditions, from related parties and key management personnel in the year totalled £18,334 (2021: £29,763).

Both Darren Woodward, Trustee, and his wife were paid employees of the charity. Details of the salary and expenses paid to Darren in his role as Senior Pastor are included within the Trustees' remuneration and expense note. The net salary paid to Mrs Woodward in her role under a contract of employment during the year amounted to £7,430.