C(4W Te8isiration nuth.. 06845131 Charity r¢gistration ttwnber. 1129711 Gochurch Global Ltd for the Ye•r Ended 31 Decemirr 2023 Paul Roper McKellets Ltd I l Riv¢rvi¢w The Embankm1 Busitiess P•rk Vale iioad H¢aton M¢rsry Stockprot SK4 3GN
GoChur¢h Glob Ltd ConteBts T[tee5, Rewyrt 2to6 IndependBnt EAaminerf$ Rep)n Ststement of FiDancial AaivitKs 8109 Bala¢ Sh¢et 10 Stst¢ment of Cash Flow5 Notes to the Fin181 StataD¢Dts 12to23
GoChur¢h Global Ltd Reference aDd Admlnlstr•live Detglts FJ L¢len¢y Sttre¢ry M Walker Chllrlty Nmbtr Co]llPXDy Re¥lthtloD NumlKr I845131 Refytffed Ollk¢ sti10 4 Unit 4 Dall&% c SalfoTd M50 2GF IndepeDdeAt ExDkn Paul Roper McKelIe* IAd I I lilyl¢W Vak Ro SK4 3GN Page I
Gochureh Glob Ltd Trnstees. Report The tW8t¢es, dir¢etots for the purposts of compw law, esent the atKnwl report together the finCIal stat¢meots of the ¢haritabk cornpany for thc year etrjed 31 Decettkn 2023. ObJe£dves aDd •¢llvllles Objects ondqlms GoChur¢h's IpTeviously World Hrnt BINe dwitable as sd out in the wnpauy's MenM)randum of AS812110n arc to.. * Adv#rtce the Christian faith anywher¢ in the VA)rld • Advance cducation 8nyivhere in the . R¢li¢v¢ ¥ickne5s 4ru1 fiJwKial btrdship •Thl to promo attd preserye health . Pursue oth¢r cbaritsble pulp tht Tntte think fit These objects 4r¢ being worked in thn¢ main areas.. . ChurchE5 - iLYal churches with a strong citywide. regi(. Datwnal and international vision that Continu]Y seek to refleet the eity or regio in vthich they are based . TrainiDg - Bible Colle8e5. confere¢5 aRd Teaching Mareriats that provmle trainin8 for Teal-life practictil Christian ministy . Missions Teams of peopk dedicated to takiD8 the ChTirfian nKssa8e to T¢gions and trieS, with ? special on the least T¢a¢hed p¢opl¢8rou Thtse objectives wide benefits io the public as follows: . The Chutdw - Providing eDviTOnts te8ulaT Chri5tith services 14xn the thI$¢. focusin8 on Wokn1 chin8 and reli8i¢MS inStructiOD . The Buildings - Providing Te8ular and childtEn's chA% duritig the week th&t wovide recreI0al adivities involvin8 me4ia and to childw¢n I1 ywth from the ILUI (Ornnuties as well as Cl facilities foT both athJlts children . The Care Providing pasionl 1$¢¢ advi¢e ryon¢ wlK• •PPtoth with tsrgeted specifi¢ care in the followin8 areas: - CAP Money Money manag1 cours¢ that t¢adK5 p iin8 skill$ and a simple eash-bowj sysletn ffally wvrks CAP Debi- Debt relief advice and IKlpiDE clients eatablith r¢ali#i¢ iwdgets w 11 as dealing with ¢mlitors to obtain affordable TyyilleDt plans GoChur¢h hs alwfjs soUt to b¢ aTMI athrAable. consiantly striving for excellence. learning new methods to preseni and d¢monthte efernal truths. This is • conliDual and ex¢itiD8 cballen8e pre5entiDg the life of Chri in a Tclevant way iti our communities & arwKI the world. It is p•rt of thc advcTrttLrc that k% Cbristsatiity. working fmm relaiionship T#ther tban religithL The GoChuTth'5 Qbal visioth is f*nily of ¢hw¢]K Mrrfkip8 108th the with global value5 "love. 8row. 80- which are worked out in ach ¢hurch with a wique loca] expressi. This allows for diveTsity and enabks the churches to retle¢t the Con¥mtIeS Ibey at¢ bas¢d in. Th¢ GoChur¢h vision 1$ to xe 25 hurches establishtd by 2035. Pa8e 2
Gochureh Global Ltd Trustees, Report The Church - GoChur¢h 1$ now 4 churthes in 4 citses the UK also an ctwitig church in BeNiL Lebano April 2022 Saw the 25-year cekbr8tion of th¢ ehureh in M•nd. In 2021 a new-core Icadership- i¢am began io b¢ knlopul and publicty reco8niscd at the slart of 2022. This new lel¢Thhip learn has enabled the develqyment of yoww leaders and allowcd rn freedom for PastOTS Alan & Claire to str£n the ties with Rlmi UK and Ir¢l•M4. In 4diiion. this cnablcd them to bcgin the of becoming -master Trainet5" for P] (DYiniC Church Piartting Intrrnational) workin8 a)% GOchurc Rhema & DCPI. This rol¢ will contiThx togrow fith 2023. and our Grow Grrw systtm. Our CAP & FoodBank tinued arml irtmseJJ thtying this year. DeMW for the FO roÈe from 500 clients permonth the stsrt ofthe yur to auisthw. . Gochurch Manchestrr led by PastrKs Alan & Claire Morto A new leadeIP tcam e#ablidLed in 2022 vknich Ims enabled the developmex)i of yoww leader5 and allowed ttr freedom for P10[$ Alan & ClaiTe to thc tie5 with Rlkme UK and Irela1. As part of this Strength¢ni they also became -M&ster Trainer5- for DCPI (Dynarnie Chweh Planlitig International) woJing across GOChUre Rlm & tP1. This role will contiDue to grow fjJrtheE in 2024 al iwnd ¢nabling the 25 churcks vision to b¢¢ome a rcality. Pastors Alan & Claire aiso overse¢ th¢ OtIr ID the UK. Gochurch Bradford led by PasKn Rob & Julia POSL With th¢ pla1n8 Pastors Mathcw & Wina Tw r¢tiuniD8 to Austyalia in Febnw 2023. Pasr9 Rob & Julia Post took on the lead¢rslup of ¢h¢ BtadfNd church in Maffb 2023. • WOL London lcd by P8stOT Jourthl Lonl The otiginal plantin8 pastois, Pastors Gleison & M[rA CabAI bavc rdocated to Pomigal bui continue to overse¢ the London church Th[king iti CODjWKti4)ts wittrL Pas10 Alan & ClaitE and the UK Board of Trustees. A new charity is being develo[d aTMI the daily opttthotts of this churth •r¢ ¢xprxt¢d tts be tnnsferred during 2024. • Gochurth Liveypool led by P8SWTS Bamry & Be1 LITh0(L (hChukn Live()1 t¥n Go Play, an ex¢itin8 new miniw for YOU Para athl ehildren. This oi1 was a pilot for on¢ year with the aim to repli¢a* this miNisty itt the fithwe on¢e a F¢rm3neM Im for thc ¢hur¢h ha8 b¢¢n establis1d. . GochUh B¢inrt. L¢batn led by Pamors Matt & Ju]he Ilattabau8h Ln 2023 th¢ l¢adcrsbip of the th]rch passed to PaOIS Matt & Julie Ha¢thE&b on the aDnivcThary of the official Th¢ ruw]&1 activiiies for Beinrt dmllch &> not fomi part of these annual and ryrt5. IDSt¢•l. rqmjrts are ffled as apFW in and US
GoChur¢b Global Ltd Tru5tee5' Report The Training C¢ntr¢s The Rlryna bases iti Nigeria and Egyw contyMK flourisb and grow with over 7, $DJden¢s attending th¢ various courses and allTactiD8 con5idcrablc from bxal chwches in thos¢ countric5. A new Rjmna b¢ gtartoj ID L¢banryJ in Scptejthr 2023. These CeDtre5 operth throu8b tsthtional focus on unr¢athed people 8roups. In additiort tsy thii have coniinued Support P8siors Mati & Julie Be¢m¢r Is ¢ThIllon the Lebanese ChuTth leadeTthip. Bex mort thc d8vghter of Pastots Alan & Claire Morton, is a missionary in Brnzil wthing with children ai risk of Sexu expltiitation. GoChut¢h as they h8v¢ ren]ained faithful io thc mini5ty their sacrificial supiwt, iK•th financially and in Yolunering tinje and skilL¥ With(xth th%8 klp. TAy)u]d be to fijlfil its mand P11¢ benefii The ttitstees ¢fI1 that tlKy hav¢ complied with the requ1 of section 17 of the Charities Aci 2011 to htve due regard to the publK bet)efit guid8ntt b]ished by the Chrity Cornmltsi for En8iattd and W&k The accounts for the year 2023 Sa a financ1 of £13.755 {2022.. £34.738 swpllls). equivalent to 3 months Opmting expeDses as 108 5uffrient to me£t its financial. leBai I1 rnoral obli8aiions to its Service ers, employtts and volunteers and io all televan¢ aut1w1ti. Fkn8JitiAI The clwiws aclivities ex¢ it to a number of fiDial risks itic]th8 cyedii risK cash tlow risk and liquldity risL CLfhfvw rffsk The etwiry's activities expose it wimarily to the tisks of changts iti fiKei8n curny ex¢lwe rates gDd intetESt rate5. The cIlty uses foTeign exchange fonvgrd ¢onttaus zDd inter¢st rat¢ sw4J ¢ontra¢ts to hedge th¢s¢ ¢xposures. Interest bearing assets arA liabilities ar¢ held at fixed A to CA¢ cttthinry of cash tkn Cr¥4 rtrk The charity's principol finala1 ets ate bank baiancts and trade otherreceivabiN attd ittvesttnenis. The charity's credit risk is ptimarily attyibutsble to its rtteivables. The amounts p[tted in the balance sheet are nEt of allowanc for doubtfvl re¢¢ivgbl¢s. An allowanv foT impairnllt is nwde wbere theTe is id¢ntified loss ¢vent which. bd on previous Cer1enc¢. is evideKe of a rethleti in the recoverability of the
GoCkur¢h Global Ltd Trustees, Report In order to maintain liquidity to ensurE that sufficient fiuK15 are a•Ail&ble for otigoing operations fikn deYelopThenW the charity uses a MIXti of IoD8.tenn aDd Sht.1¢rfft debt fitwic Further detsils regarding liquidiry iisk be f(xmd ID th¢ Ststernent of accounling policies in the fitwicial Phns ftsr fature ptrl•ds Alm$ ey objttlivtJf•rfvHrtpttkn (htr plans for 2024 and trkyond continue to be the deVelopt of new churches that reflKt the CoDll1tl¢5 they we b8s¢d in. In January 2024 P&8tot5 Alan & Claire Morton ITan5itioned to an oveight role for the UK GoChurch¢s, working tO8¢ther with Rlwna UK & ITeland ttpi to mentor and Spark ¢hur¢h planting auo th¢ UK. This -UK Champions" rol¢ will also pmvide suptmxt the eurrent Gochurch and Word of Life Pastors Mark & Walker Ve tsken LYL the lethshjp of the ¢hwth. W¢ are ¢xcit&l to the new younger leadership emugin8 to ¢JL5W¢ the on8oin8 g[D? of Gccburch. ID addition a new pattytt church will Ix sthrting in Mlddiesbrh. Rcstotation Church. We believe this is the of mDy proittts &% G(£hur¢h seeks en4h)w¢r other leade[5 WKI ¢hur¢ The Gochurch vision ¢0 plt 25 ¢hurths by 2035 h&% started and our will be to et)sur¢ that th¢s¢ hurches become h¢altby dyiMmic churches. FCIting timtts al11 St•t¢ment oftrwt¢tg' re•)bIlltlt$ Thc trustees (who are also the direc[S of Gl(d)al Ltd for the pwp05tS Df ci)mpany lawl aEe r¢Sn31b1¢ for prwing t trusttts, rert the financial ststements in accordance with applibk law and United TrJn8dom A¢¢ountin8 Standards (Utiited Wdcffn Genern]ly AcceOed A¢¢owhtin8 Pradi¢¢), includiD8 FRS 102 'Th¢ Financial Rwbng StsndBrd aliCable iti the UK and Rq)ublic of ITel8nd-. Company law requires the thjstees to PTep&Ye fiMn¢ial for ea¢h financial year. Under company law the trustees mth8t not approve the fmancial sthtanetsts urtk&% tlw sa¢iSf that Ily give a and fair view of the sthte of affairs of (he ¢haritsbk wnpany a1 of th¢ incorn1 rewurces application of resourtts, includin8 its iTKome and exdIe, of th¢ clwitabl¢ fi that prrityl. In PTtpin8 these fin1¢1 st¥temcnts, th¢ tnge$ are required to: select suitable 8CCOUDtiD8 pylicies ONI appty coLsi#entiy. ob8¢rv¢ th¢ meth(Mb aThl principle5 ID thc Charitics SORP. state whether applicabl¢ a¢wuntin8 stsndard5. con4>r8 FRS 102 have been followed wbject to any matetial deparTr disckttd ¢xpiained in th¢ fin]1 3tatemthty I1 charitable con)pany will eontinuc ID busines The tnLS1¢¢S ar¢ responsible for keepin8 properacoxmting Tecord5 that can disclose reble &euracy #t any time the flnancial positith of the eharithble ty)mpany aTrJ enable them th ensur¢ th¢ finan¢i815tatements comply with the Compgni&4 Act 2006. They e also rwible for Safegrding the ass¢ts of th¢ ¢han"table ¢ompony and hence for takin8 T¢soNble st¢P5 for the wevurtion and dvthrtion of frnud and other irEf8ularitie&
GoChur¢h Global Ltd The trUCeS Tesponsibk foT thc m8intenanc¢ aThl i*ity of o)rpmte aThJ financial information iticluded on the charlbk wmponY$ websit¢. LegIslatiL Bl)verniD8 the PTcpaTation and dissemimtion of rewt was approved by the Irusle¢s of charity on 24 September 2024 aDd ort its behalf by.. Morton Ttitsiee
Gochureh Glohl Ltd Independent EAaminer'8 Report to the trvstees of Gochurch Global Ltd ('the Company,) I report to the charity trust¢e5 ffl my ¢Aamination of thE %Younts of the Company for the year ended 31 December 2023. RegPOn5ibili¢id ofreptsrt As the cl)artty's truslee5 of the CanY (and also its direcknrs for the pu of compaDy knw) you are r¢snSIble for the preparation of the accounts in awrdanCe with the requirements of the Companies Act 2006 ('the 21K16 kn'}. Having l$fied myself the accowits of the cpatty are not required io be aAlted under Part 10 of the 2006 Act and are eligible for iftdepende examinati4 I w in wct of my examination of your ¢harity's a¢courtts as ¢arried out under section 145 of the Chariiies Act 2011 {'the 2011 Act,). tn Carrying out my eXami[tIon I have followed the Dir#ti(MLq given ty the Ch&rAty Commissioti ler section 145{5Xb) of the 2011 ACL IDdepeDdeDt eumi•tr'$ $tstemenl sin the Comparty's gross income exceeded £250.CW your exami must ix a memkn of a listed in section 145 of the 2011 Aci. I confirni that l am qUalifd th undertake ts exaMItion because l am a member of , which 15 one of the listsd bodies. I have completed my ex4mination. l ¢onfmi tto have Cott to my attention in eonrtection with the examination giving me Ca th lieVe.. l. accounting re¢(Kth M%r¢ in r¢sp¢th of hUrCh Glob Os required ty sethion 386 of the 2006 Act- or 2. the a¢¢ounts do not aceoftl with ththe Yecorth. or 3. the ac¢ouThts do nol mpIY with the acco(10& requirwwts of sec¢im 396 of 2[ Ad oth¢r thall any requiretnent that the ¥¢ounts give 4.true ond kn VI whith is JMX 8 matter wnsiderEd a5 Part of an ltthpendrt examimill. or 4. the accounts have not been prepared in accor with the th0th and principle5 of the Strtemt of R¢¢ommend¢d Pr&tiee for accouIng a1 rerKJrting by charitits lapplicable to charities preparing their accounts irt a¢¢ordan¢e with the Finaneiai R¢Ing Stsn(tsrd appIlble in the UK and Rwblic of treland (FRS 102)]. I have no concerns and have come across no other mattern in nneCtiOn with the examination 10 whi¢h attention should be drawn in this report in order to enable a proper unthTthding of the COUnts to be reache Paul Roper McKellerLS Ltd I l Riverview Vale Road Heaton Merney stkpr0t SK4 JGN 25 S•ber 2024
Gockureh Global Ltd Statement of ancIal Aetivlths for the Year Ended 31 December 2023 (Indudlng Income Expendlture Account and Statement of Totsl Retogntsed Gailns and tAb5W) Uthrestrltted d5 Restrlcted Total 2023 N•¢¢ Ioeome and Endowmettts from: Donations and le8xies Invesftneni income 484,673 125,076 15278 27 499,951 125.103 Total income 609.749 15,305 625,054 EJpeDdlture on: Charitable aetivilies {580.193) 3]103) 580 193 31.103 611.296 Total expcnditure Net incomel(ext¢nthiure} Transfets beThveen fimds 611296 29556 19.403 (15.7981 13,758 111153 3,602 13.755 Re#¢111*don of f•nds Total fvnth brSknt forward 423.615 11.017 434.632 Total fwmts urried fonbxr 17 433.768 14.619 448,387 The funds brtakdowv for 2023 i% slM>wn ID 17. The Mtes on pws 12 to 23 fM partof these fin3n¢ial st•tem¢nts. Pa8e 8
GoChur¢h Globgl Ltd ststement ofNnAndal Aethlllu for the Year EDded 31 December 2023 •¢luding Income and Expenditure Account And Statement of Tot Re¢ognised G4iA$
nd Lossu)
Tot•1 2022 fumth 2022 N•t¢ Imcome aDd EttdowMMts fronL' Dollations and lewies Investment income 472,750 131628 483.862 616.490 Expthdltsre •D: Charitsble a¢livili¢g (558230) 23318) 55 30 23518 581,748 Tirtal ¢xpenditUT¢ 581.748 Net inwmel{experwJ1ti) 47.148 11.420 {114(hS) 11.418 34,742 Net mo¥emaH in fiumts 35.728 (988) 34.740 Reconcill•tiOn of T(rtal funds brought forward 395 399.891 17 431J24 3.307 434.631 All of the ¢h8rity'S Xtivities d¢riv¢ from cOnbmn8 Opcrnlio the abDvc two puio&. The breakdo for2022 is slLOWll in te 17. The Mles on pages 12 to 23 frn an in¢egr•l pail of the¥e
GoChur¢h Global Ltd (ReOstradon number: 06845131) Balance Sheet as t 31 Deeember 2023 2•23 2022 Flvd TaD8ible &88ets 1211.141 1246,016 Curret amets Stocks Debtor5 Cash at bankand in 12 13 14 2(Kl 57.147 121.160 200 67.824 71,986 178.507 140.010 Credltors: fallthg due one ye•r 15 148082 Net ¢urT¢Ut liablmtks 47.966 Tot1 amets less t¢t Mablmtles .163.175 1237.944 CredltoTh: f•lllDg dwe •fttr ww)rt Ilwi ytxr 16 14,788) 803,313) sJets 448.387 434.631 Fttd• of the ekrlty: Restrleled IR¢ome f¥nds Restricted fimds 14.619 3,307 UTrrestr1 funds Unrestricted fvt¥b 433,768 431.324 To(1 fwndx 17 448.387 434.631 For the fill01¥1 yrnr enthng 31 tkcembu 2023 the dwiry wa5 ¢ntitl¢d to ¢x¢Wion from audit uthr 8¢¢1ion 477 of the Compans Act 2(M)6 relatiDg ty small c(¥DPtii DiTeCtor5' responsibiliiies: The membtts have noi rtquired the chuity to an awjit of its accws ftff the year in question in accordance witb section 476; and The dirxtor5 ky1&18c their $1bilitles for ¢ty1n8 with the r¢4yir¢nKnts of th¢ Art with Tespect nala1 statements on pages 8 to 23 w¢w¢ aPPToved by the trysea. 8UtlwxiseAI for i¥u¢ on 24 ber 2024 and sigTh¢d ott their behalf by: ANT M(Kton Tntsiee The note5 on pa8es 12 kn 23 fomi m imewl part of these finana. statem. Page 10
GoChur¢h Global Ltd Statement of Cash Flows for the Yur Ended 31 December 2023 2022 CMh Il•ws from op¢r•tlM8 •ttfvlllts Net cash i)¢ 13,755 34.740 AdJuslxwits ¢0 u$h fl9 from Itej Depreciation Investtnent income 44,075 125 103 44,237 132 628 (67273) (53.6511 Worklng ¢pltl De¢reagel{incrc&8e) in thbwrs In¢T¢asel(decTW¢) in creditths {Decreaseyincre&se ID d¢f¢tr¢d incorne N¢t flows from operntin8 xts"viti¢s 13 15 16 10.677 21.943 3.775 123.208) (12.375) 38.428 78,634 Ctsh fltsws from Inve511ng tIVItl Inttrcst reeeiyable and similar in¢on)e Pu45¢ oftan8ible fixEd assets Net cash flows frnm inveslin8 a¢tiviti 125.103 9.2LKI 132.628 12.502 120,126 15 28.301 49.235 N¢t incrt&8el(decrea8c) in cuh and cosh equivalen 49.174 (7,743} 79.729 Cssh and e&sh equTrvalents at l Jallwy ckn and cash equmlents xt 31 Deecm 121,160 71.986 All of the ca8h flows arE dttived frorn eotttillUin8 (Franom the ave periods. The notes OD pagcs 12 to 23 fthm art inwal of these firAncial ststements. Pa8ell
Gochureh Glob41 Ltd Notes to the FlnamciAI Statements for the Yer Ended 31 December 2023 I Cbrlty stAtyJ The ¢haTity is limited by 8uai8ntee. & Wal• 8nd wks¢quendy dLES not have Share pital. Each of thc trustccs ts liable io ct)ntrJTrrttt an wnowat ¢x¢¢th8 £1 towaTd$ the assets of the cboriry in the even¢ of liquidatiQD. The addr&s5 of its registrred office is: Studio 4 Unit 4 Dallas Court Selford MS0 2GF These fitsancial suiwnents wv¢ authori¥ed for i55ue by the tsitstres oll 24 September 2024. 2 pdld ofslplllc4Dt p•lldu wl k¢y The principal a¢¢ouniing p)licies applied in the of these finaJKial Sthkments are set out below. These tx>licics have bttn consistently applial to ail the yeaTS rmenttd, unitts othenyise sta S¢¢ement of ¢oJ•pll•ce Th¢ fiDawial State[[ havc bcen pepared tn awordaThtt with AccouDting Rewtig by Cbarities.. Statement of RecOmllndCd Prnetiee (applicable to ¢kltIeS prepari theiT ¥C¢)unts in ardanCe with the Financial Reporting Stathd applicable in the UK and iiybts"¢ of Ir¢land (FRS 102)) {iwu¢d ID October 2019} - (Chan"ties SORP (FRS 102)). th¢ Fina1 RepJrtin8 Standard applicable in the UK and Repthlic of ireland (FRS 102) and the Compani¢s A¢t 2(K)6. ofprep8rtion Gochurch Global Ltd meets the thfinitith) of a pub]ic btxfii lty undcr FRS 102. Assets and liabilities are initially rew8nised at histOTicII cast OT value o¢h¢rwise ststed in th¢ rel¢vant acwmting policy oot¢3. Golttg c•theern Th¢ tsus*es Consider th• th¢r¢ ¥r¢ material uncertaintses about the clwitys ability continue gomg Concern nor any significanE areas of uncertainty that affed the caTrying valw of assets held by the ch&riry. All incorne is reco8tLiscd oncc thc ¢lwity has entitierne to the incomt. it is wbable th the iTKome will be rxeiv¢d and the anKyuni of the irtcorne rt¢ei¥abJe can be rne&w reliabty. Page 12
GoChur¢h Global Ltd Notes to the Flnanelal Sttements for the Yer Ended 31 December 2023 DoTrgdonsAndlegrfcieJ Donations are recoyllsed the ch8rtty has beett lIfd in wriiing of both the amount aDd ttlement dt. In the evetK that a donation 15 subject to conditions that a kvel of perfoTmao¢¢ by th¢ ¢barity before the charity 1$ ¢ntiiled w th¢ fun the uKom¢ is deferRd and not fELwised until either th(6e Conditio Are fidly L or the fiJifilm¢nl of those conditions is WI1 within the CODtroI of th¢ ¢hariry and it 13 PTobable that these cortditi¢Ms will be fvirill in the r¢FWtiDg lOd. LtY ¥ifi8 are recogn0 on a ca8e by ¢ase b•is followiD8 thr gTant of probate when the administratorlexecutor for the eswe has wmmuni¢atuJ in wriiing both th¢ amount and 5ettlemcnt date. In the event that th¢ gift is In th¢ forni of 85set othcr than cash or & finallcial &8Set tsBded on a recols¢d ock exchange, r¢¢ogDition is subjrtt to the value of the gift beiti8 ttliabty measurnbk with a d¢8rce of rtasonable a¢eurncy and tb¢ the asset having been traL$fed to the chan"ty. Deferred1KMe Defeffed incom¢ T¢pre5¢nts arnounts rccctved for pui(#ts is rel¢gsed to inwnin8 rewur¢es in the perityj for whicK li be¢n received. Swh inryJDK 15 deferd when: . The donor specifies that the graiit ordotil n)ust only be xc0ullti ptriods; or . Th¢ donor impKd ¢onditiOllS whKh muu be before the dwity h¥ unrt)rylitional etttidemeni. Dividends are wiycd ¢t the divithnd has beenkn]ed tIfi¢#I11)n Iw been teeeived of the dividend ExpeThdSthr¢ All expenditure i$ reeo8nised once there is a k8AI or ¢¢x)smtive obligation to that expendilwt, it 1$ probabk settlement l5 required and thc amou can be Meas T¢li4bly. All costs are allocated to the wpplicabk ¢xwditur¢ heading that ag8r¢8ate similar costs to that Cary. Wkn $ts C¥EUt be directly attributed to rticular headiw they have en allocated on a b]5 CLMtsiSterti with ihe us¢ of ffsourtts. with c¢ntrai stsff Costs allocated on the basis of ¢ime spenl and d¢pTeciatiwL charF allocatcd on the liOn of the &qvt's use. Other support Costs are alkntedbfjsed on the swtl of thff costs. Ch4rit4bl¢ 4Tdrvirf Charitable exMIllUre comprise5 those Costs incwred by th¢ ¢hwity in th¢ dElivery ol its activities and service$ for its beneficiaries. It Lncludes costs that ean be alkatrd dirxdy w such adivitits and t1 costs of an itsJire¢t natt]re n¢£essary to Sup[ kn. Covernlnee costs These includ¢ the costs attributablc to thr C1]ty'S CLwillK¢ with c(wlitutiwl and statytory r¢quim¢nts. Tutlo The charity is consid¢r¢d to P855 the t¢sts $4 ou¢ in I Sehethle 6 of the Fillat kn 2010 and th¢refor¢ it meets the definition of 8 c1wi c(unpathy fw UK coqK)ration tax piirIKistt. Accordingly. the charity is tentiallY ex¢mo flom tswion in r¢9pe¢i of irKome or capital salt teceived withiTL cal¢gorac5 covered by ahapter 3 Part i l of the Corporati¢)n Tax Act 2010 OT Section 256 of the Taxation of Chargeabk Gains Act 1992. to thc txtt4rt that sh IOn* OT gains are applia ex¢lwively to dwitable putposu. Page 13
Gochllrch GlobAI Ltd Note5 to the Fin1nd Statements for the Year Ended 31 De¢ember 2023 Tglbie fixed ets Individual fix¢d wets costill8£S. or are initi81ty recorded cost. DeprttllloA Depreciation is providcd on langibie fixed assds so as to write off thc cost or valuatiw le%s any ellimat residual valu4 over their eXeted useful e¢otionll¢ lifr •s folim. Asse¢ cla Land and buiklin85 FurniNe and equipment DeprKl#d•M method r•t¢ 2• w aDnum on a SlShI line btsis 25% per amium on a s¢rnight line ba$1$ Stock Stock is valued at the of cost and estirnatcd lling price less costs to le1C ajyj sell. after due re8ard for obxolete arwj slow moving sknck& Cos¢ is d¢tfflnI ysiD8 the fit5t-in. fiTh%-OUt (FtFOI. Trd¢ d¢btm urse ofbusine5S. Trade debiots are recognised inilially at thc t[#10 price. They are subsequently measutvj at wnottis¢d w5t using the etT¢thive intrresl nKthol 1¢55 prgvision for iIllpair. A provision for thc imp31mt of trade d¢btors is estsbli5hed theTe is objective evidence that the cFATity not be able to eolleci 811 due &¢eordirtg to the original iem)s of th¢ rxeivabks. and ¢qlllvi¢nts C&sh and e&sh equiv#lents mpriSe ¢ash on F•Thl and call deposits. and other short-term highly liquid investments that are readily con7rtrtibk lo a anKrtml of cash aThJ ate 8ubje¢t to an insi8Dificant risk of chge in value. TTMd¢ credkort Trnde creditors or¢ obliytions to ptty for 8avi¢es have been wirJ in the ordinary ¢OUTS¢ of busines5 frorn SLwlieT5. A¢¢ounts payable aTe c]lfied 85 CUtrEnt liabilities if the charity does noi h&Ye An uncoDditiL)nal rigbL at the end of the reporting to defer settlemt of the Creditor for at least hyelve month5 after th¢ T¢rtIng date. If there is an Unc0"tiOnal right to thfeT sdd¢ment for wt Iwt tw¢lve oxjnths after the r¢p)rt1118 da*, Iky •r¢ p¢seni¢d as DL1Cumt liabilitie TrAde creditors are rOlS¢d initially at the Fffice and at Im11$¢d cost sing the effective interest P14
Gochurch GhbAI Ltd Notes to the Flnanclal StstemeDts for the Year Ended 31 Deeember 2023 BvrroivlD Jnrest.b¢arin8 borrowin85 are initia]ty rrcordcd fair v8h, of traL$n costs. Intcrcst-beorin8 borrowirtgs are subsequently CaTricd at tiTTh)rtI c(rt with the differentt between th¢ ptoc¢ed4 net of tran¢tion costs. and the amount du¢ on redettlplion beitig reco as A Chge the Stytement of Fina121 Adivitie5 overthe penod of the rel¢v8nt Interest expense is reewised c the b•sis of Ihe effe£tiv¢ medKMI armj is included in interest payable and similar cha Borrowings aT¢ ¢Ilfied current liabilities unless the ch•Tity has an wKondi¢iollal righi to d¢f¢r 5¢tt1emeni of the liability ftir al leau twelve nnthS after th¢ repthing date. FuNd styu¢ture R¢stricied income are thosc thnad for we in a pirt118T area OT foT sEKeifie purposes. the use of which is restricted to that 4T# (YPUryJrf¢. FIDintlal Instrunwits ClS1cll0ft Financid assets and fIrol21 liabilities ate tCCO8Did when the ebarity ie$ a parry to the contra provtsions of the Finan¢ial liabilitie5 and equity JtistiurS ar¢ ¢lwified #¢ColD& to the mbstttt of ihe eon¢rncNal arT8ll8¢m¢nts ent¢t¢d into. An equity ]Inl is any contyaci evidences a Te5iduai interest in the assets of the charity afterdedw¢in8 ail of its liabililies. All financial assets and liabilities ate inittally the•s at wi¢¢ (itKtudiDg tran5actkon c¢)sts), except for those fMwKiai assds classifKd as at fair value tlrough pmfit w 104 which ar¢ initially Me&S at hir value {whieh is nOMllY the transaction price ¢x¢lwling transaction eosts). unless the amgemeni consiitutrs a finan¢ing tratwction. If an anw¥emeTht constitutes a financin8 lrntssaciioti. the fin&Kial asset or financial liability is Mred at the present value of the fvture payme$ di5¢0untd al a matket rate of interest for a similar d¢bt instiiiML Fine121 &ssets and liabiliiies are only offset in the statement of fin8n¢thl F)Sition when, Ind only when there ¢Xists a le8alty cnforceable ri8hi io sd off the T¢¢ognis¢d amowjts aThl the dwity inteThJ5 eithcr to 5cttlc Im a net b4si& or to r¢8lis¢ the as5d and Settle thc liability simultaneously. fill11 asset expirt or are set[ b) th¢ tTrnsfu5 t¢) another p*ty substantially all of the risks aThJ rewards of ownmhip of th¢ fwancial as5eL or c) the ¢hariry. despite bavin8 retained some. but Mt ail. signifiunt riskj and rewards of 07wner51llP. Iw tranSferrj contyol of ihe &t to anoth¢r party. Fillancial liabilities are de[K0 ordy Twh¢n the Obligats slfied in the c(rtttr is dischargrf can¢ell¢d or ¢xpir¢s. Pag¢ 15
Gochureb Global Ltd Notes to the Financi St#lemellts for the Yur Ended 31 Deeember 2023 3 Inc•me fr•m d•nations iepei T•tl Ddj fwnd• DDnlloM lepeks: 2•23 Tithes and offerings Special Offerings Events Club1040 Fw Chureh P18ntin8 FUNI Other incoThe sp]81 Proj1& Mission Fur#1 GC UK Fwxl Wider Planiing Vision J87.019 43.064 8269 387.019 43.064 8,269 12,651 1.239 37.369 221 12,651 1239 37369 221 1627 2,627 5,633 1,859 3.633 1.859 T•lai for 2023 484.673 15278 499,951 21122 Tith¢s and offerin85 Special Offerhn8S Events Club1040 Fth urch Plantln8 Fund 401222 28.585 401,222 28.585 3,888 10,899 825 33.686 377 4,380 10.735 825 33.086 Mission Fwbl GC UK Futhj 377 4J80 Total for 2022 483.862 4 Ittvestnwit IDcon R¢stTlct T•tl fvnd5 Denated Int¢st re¢¢tvable and similar lnLXm. Interest receivabl¢ on bank deposits tncorne from rts 426 124 650 27 453 124.650 T•tsl for 2023 125.076 27 125 103 T4)tsl for 21)22 132 628 132.628 Pa8e 16
GoChur¢h Glob Ltd Notes to the Fln4n¢lg1 Statements for the Year Ended 31 December 2023 S ExpeDdlthre OD charlt¥ble ieth611es Total fwid5 Giving Evcnts Mini5ty c(tsts Wider Plantin8 cr Athninistiation ¢xpeNe8 Sff Cos Premise$ Clth 1040 Churth plantiD8 38354 17.130 71J29 931 34.405 120272 228.713 38.354 17,130 71,529 931 34,405 120.272 228.713 20.172 6,559 17.877 10.931 20.172 6559 17.877 Mission Fwd 10.931 similar ciists Govemance wsts 40.842 3,581 40.842 3.581 T•tl for 2023 580,193 31,103 611.296 2022 Giving Events Ministry Costs Administration eXpeS Staff Costs Premises Club 1040 ChNrctrA planting 47,479 16.792 65,350 54.595 130272 172.136 1774 6J03 15.103 47.479 16,792 65,350 54.595 130,272 172,136 17.804 6,503 15,103 8.488 15.030 Mission Fw DepreciatiOT4 lI)satIOn other similar costs Gov¢man¢¢ wsts 8.488 42288 4.938 42288 4,938 Tthl for 1022 558230 23.518 581.748 Py17
GoChur¢h Gk)bal Ltd Notes to the Flnandal Stat¢meRts for the Yur Ended 31 December 2023 6 Aly$ ofgoverllan¢e ¢0 Gov¢rni¢e eo ds Desigted Total Indepen&nt exarnin¢r fx 3.581 3.581 Totsl for 2023 3.581 Tot1 for 2022 4,938 4,938 7 Net IneoDdAglo•¢ylDg rtswrtes Net in¢omin8 T&4OUTce5 for the )rzr inc]w. 2023 21122 40.842 42.288 Thc foundin8 P&$torTlltt, Rev M Beemer. Teceived missiott 8ths wTh)untiTr8 to £7.200 (2022: £16.8) Rev A Mort0 th¢ S¢nior Pastor alld also a Tnut¢¢ and bis Tmfr aTe botb remuDerntd by th¢ chuTch. Th¢ir sal8ry costs. inchjding pension benefits and N&tional l1w1e COS to £22.895 (2022: £22.616) ar £222.114 (2022.. £21,857) respectively. ex1The incurred on behrOf the clthrity it) fLthing the ChriS objects. 9 Staff costs 2023 1022 St*ff eosts d1 theYr were: Wa8es and salari Social secuTity Costs Pension cos 114,826 1287 6.621 108,555 ,665 7,465 117.685 Page 18
Gochurch Global Ltd Notes to the Flnancknl Ststements for the Year Ended 31 December 2023 charity dwin8 the ytsr cxpessed as fvll tithe tly•kI Was x follows: 2023 2•22 Employees 12 No employee received emohMts of than £60.1W dry the yeu. 11 T••#Sble fix AM¢ts L•nd •nd Fwrnltsn T•tal Cost Ai l January 2023 Additi0Th4 1.844.249 53.778 9.200 .898,027 9.2C Ai 31 DecemE¢r 2023 1,844.249 62.978 ,907,227 Depredatloll At l January 2023 Charge forthe year 614.705 37.184 37.306 6.891 652.011 44.075 At 31 D¢ir 2023 651,889 44.L97 696,086 et b•ok At 31 December 2023 1 192.360 1211141 Ai 31 December 2022 1229,544 16.472 ,246,016 12 Stttk 21n2 SCk$ 2 Py19
Gochureh Global iAd Notes to Ihe FIMndl St•tements for th¢ Yur Ended 31 D¢c¢mber 2023 13 Debtsrs 2•23 2022 31.623 44.742 18.291 4.791 PWaYts Oth¢r d¢btorn 4.584 57.147 67,824 14 Cmh and cash equlvkDts 2023 2022 Casb on Cash at bank SIrt4tn dew)sita Other cash and cash ¢¢WiTlent¥ 35 89.974 31.(5 62.018 9.897 121,160 71,986 15 Credltorn anUMts flllA¥ d¥e fNltklB •)n¢ y¢ 2022 Bank loans Trade creth'tors Other loans Other taxation and siyci security Oih¢r ¢redito PeLsiott scheme cr¢diior Accnthls 95,175 57,401 23522 2503 5588 762 13.697 27.825 37,978 44.771 20.495 1.170 3,8(NJ 31,6(h) 226,473 148,082 Bank borrDln81 The Mort8a8e with Kingthm Bank 1$ rwabie ov¢r 30 4th1 the cthryxn8 Am(11 at year end is £809.963 (2022- £841291). The bank tharge on th¢ 16 Credhfjrs: 8Ao¥ts fthDE dwe fttr ome ye•r 2023 2022 Bank loans 714788 803.313 P48e20
GoChur¢h Global Ltd Notes to the FIDanelal Statements for the Year Ended 31 Dettmber 2023 17 Fundi BAlxnce B•lDce Ji I JADWary IN¢• Rt•Mre 2•23 rewur¢u ¢lded Trnothrs 31 December 2023 Unrestrlcted fvnth Brddford 19.801 70J47 16.928 493221 1239 5.633 (9.892) (76.793) (13.981) (444,061) {6.559) (21.458) 931 (2.952) IOJ63 52231 3,777 330,861 34,726 882 928 58.477 3.035 340.744 20.646 (2.693) Liverpool Man¢lter CIMJrch Plant GC UK Fund Wider planiin8 VlSiC•I Total tksiywted Fwmls (2205) (59.043) 19.4 19,4(M) 423.615 609228 573 675) 573 675 25,4 609228 433,768 2S.4 433.768 Total vnreJtrlEted fum 423.615 R¢stri¢tedfun&r CLUB1040 Mission FutKi 7.710 3J07 11651 (20.145) 16.931 6216 8.403 19.4(Kl Tolgl Rertrfrted 11.017 15278 37.076 25.4 14,619 Totsl fonds 434.632 624,5[ 610,751 448,387 Pa8e 21
GoChur¢h Global Ltd Notes to the FlnaAciAI Stternents for the Yer Ended 31 De¢ember 2023 31 J•DIi•ry 2022 2022 untrted funds Bradford Lond(KL Livcrpool Man¢hester Church Plant CLUB1040 GCUKFW 4223 53,545 3.145 315,859 14J76 4,250 19J09 91.133 18259 452.870 825 167 (23.791) (86.204) (15.673) {396280) (6.503) (2.707) 24.491 3.062 3.403 58.474 3,034 340.749 20.647 7.710 {2,697) (31.700) 11.749 Total D¢518ted FVD 395598 (J)1793 431.324 555.649 11,418 Tutal uttrestrleled fvThdi 11.418 431.324 R¢slrt¢tsdf4#ds CLUB1040 Mission Futml 4295 10.735 377 (15.030) (8.488) 11.418 3,307 Reslri¢¢ed f¥nds 4295 23.518 11,418 3.307 TotAI fmttds 399.893 613.905 579.167 434,631 18 AnAlY •f #et betwee• Unrestrlrted Total twidx At R¢thi¢ted 31 Dettber 2•23 Tangible fixed 0$3¢ts 1211,141 178.507 (226,473) 714,788 163.888 {226.473) 14,788 14.619 Current liabilities CTcditot5 ov¢r l y¢ar Total net assd5 433,768 14.619
GoChur¢h Global Ltd Notes to the Flnan¢tsl Statsments for the Year Ended JI Deeember 2023 Restrleted 31 Deetmber 2022 Tangible fixed 8S5et5 1246.016 136.702 (148,081) 1246,016 140,(N)9 (148.081) 803,313) 3.307 Curreni liabilifies Total n¢f assets 431J24 434.631 19 R¢lat¢d PArty tranmed Bex Morton {Bex Morfon 15 the i]auEhierof Al¥Th & Claire Mortonwkn are both Trustres) Thc clwrch reccived gifts of £6.715 (2022.. £Nil) WI) wrr¢ wsed on to hcT atml ctrIJted 8 further £1200 (2022.. £Nil) to Support her in TM)tk in Brntil. At the bo] 8heet dJt¢ amount due Wfrom B¢x Morton was £Nil (2022- £Nil). Pa8e 23