REGISTERED COMPANY NUMBER.. 06827030 (England and Wales) REGISTERED CHARITY NUMBER: 1131978 REPORT FTH TRUSTEES AND AUDITED FINANCIAL ST TEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR CITY CHURCH GREAT GRIMSBY & NORTH EAST LINCOLNSHIRE SMETHURST & Co LLP CHARTERED ACCOUNTANTS
CITY CHURCH GREAT GRIMSBY & NORTH EAST LINCOLNSHIRE CONTENTS OF THE FINA ALS EMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Page Report of the Twstees Indopendont Examinerf8 Report ststement of Flnanclal Activities Balance Sheet Notes to the Flnanclal Statements 9 to 16
CITY CHURCH LINCOLNSHIRE GREAT GRIMSBY & NORTH EAST REGISTERED NUMBER. 8827030 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees who are also direclors of the charity for the purposes of the Companie8 Act 2006, present Iheir report with the financial Statements of the charity for the year ended 31 December 2024. The trustees have adopled Ihe provislons ol A¢countSng and Reporting by Charities., Statement of Recommended Practice applicable to charities preparing their accounts In accordance with the Financial Reporting Standard applicable Sn Ihe UK and Republlc of Ireland (FRS 102) (effective 1 January 20191. OBJECTIVES AND ACTIVITIES Objectives and aims To continu8 lo develop, a sound structure of govemance and rnanagemenl to enable our core objectlves of,. the advancement of Ihe Chrisllan Fallh, the advancemenl of educallon, relief of financial hardship, and the provision of care for all ages and people groups, to be achieved. Publlc benefit We revlew our aims, objectives and aclivities each year. The review looks at what we achieved and the outcomes of our work over the last 12 months. The revlew looks al Ihe succes6 of each key activily and the benefits they have brought lo those groups of people we aim lo serve. The review also helps us ensure our aims, objeclives and aclivlties remaln focused on our slated purposes. We have referred to the guidance cont2ined in the Charity Commission's general guldance on public benefit and complied with section 17<5) of the Charities Act 2011 when reviewing our alms and objectives and in plannlng futur6 activlts'es. In particular the Trustèes consider how planned adivities will contribute to Ihe aims and objectives they have sel. Grantmaklng The Trustees make grants to organisaticns and individuals whose aim and objedive5 meet the criteria of City Church. Recipients of funding are expeded to keep in regular contact and from time lo time representatives of City Church visit ID ensur8 funds are being applied in accordance with objectives that have been set out. Page 1
CITY C URCH LINCOLNSHIRE GREAT GRIMSBY & NORTH EAST REGISTERED MBER: 06827 30 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 ACHIEVEMENT AND PERFORMANCE Charitable activities In 2024 we eslablished a new register for the constiluenl members and attenders of City Church uslng Churchsuite management SOare, Thls has enabled us to better communicate and connect with the City Church famlly, In addition lo our main Sunday service we have a neOrk of small groups which regularly meet mid-week In various venues throughout NE Lincolnshire. Princlple Income sources have been voluntary tithes & offerings, and Wiz Kidz nursery SLA funding, these income streams have allowed the charity to carry out the various actlvilies highlighted in this report. Our 'Wiz Kidz, nursery was designated as, 'Good' when last inspected by OFSTED in January 2023, bul sadly had to close in D6cember 2024 dué a combination of factors., primarlly increased Gosts associaled with th8 proposed new leasehold agr8emenl on the premlses. City Church Is an active member of the Ground Level Network of Churche8, Churches Together in NE Lincolnshire. Our nursery worked closely with NE Lincolnshire Council Early Years Support. Ihe Local Nursery Managers Network, the East Marsh & Central Family Hubs, the NSPCC 'Togelher for Childhood, inltiative, the local Childhood Development Centre, SALT (Speech & Language Therapy), Families First Information services and Family Health Practitioners who work under the umbrella of Ihe Family Hubs, asslsting wlth our Parenting Support and parent partnershlps. In addrlion we work dosely with the Neurodeveloprnenlal Team at Navigo for SEND (x)nc8rns as well as the Familles First Access Polnl and Thirtyone.'eight for safeguarding queries. City Church has been actively involved in the support of several projects and organisalions in the UK and overseas, including,, The Ground Level network of churches, and the 'Awaken' event Christian Action & Resource Enterprise, a local charity that is dedicated to relievlng povety, hardship, and distress, Often around housing issues in NE Lincolnshire The Churches Together in NE Lincolnshire prayér inltiatEve Safe F8mllies - providing respite care & support for families in need in NE Lincolnshire Immingham Christian Cenlre The International Bible Training College, based in the UK The Basileia Bible School, based in the UK A schooling progromme with Oasis of Hope Foundation UK, (fomierly Colombia Chlldcare UK) Release International working on behalf of the persecuted church around the world 'Jabulani' children's home in Zimbabwe Iris ministrles - Cambodia New Life Chrislian Mission - children's Home in Sri Lanka Urban Life Church and Iheir'Bolshabelo' babies home- Midrand, South Africa City Church continuès to run Its weekly, youth group called 'City Youth, gnd has seen a growlh in attendance over the year of 10/0. In addition, our Kids team also facilitaled a series of assemblies for New Waltham Academy & the Grange Primary School throughout the year, In response to mental health and cost of living challenges in the local community, City Church has continued lo run three iniliativas, that also became 'Warm Spaces, over Ihe winter months of 2024: 'Little Gems, a weekly parent and toddler group 'Refresh Café, drop in 'Free lo Be'_ a weekly opportunity for adults of all ages to engage in community, have some fun togéther, chat, share and encourage each other in a very relaxed atmospher8. In 2024 have been delighted to sèe a significant increase In the number of different nalionalilies joining the City Church family and overall attendance at our main Sunday selvices saw an Increase of 140/0 compared lo 2023 and our Sunday Kids church attendance grew by 280/tr over the year. Acknowledging the growing number of nationalities that now make up City Church we held our first 'lnlernational Family Sunday,, in July, celebrating and recognising Ihe diversity of cultures within the church. We ran our Alpha Inltiallve, facilitatlng 1 course In thè sprfng and 2 courses In the autumn of 2024, (to introduce Christianity to the general public), and hosted a regional 'Holy Spirit, day for other churches in the Ground Level network. Page 2
CITY CHURCH LINCOLNSHIRE GREAT GRIMSBY & NORTH EAST REGISTERED NUMBER: 06827030 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The work and adivities of Cty Church has been made possible with 8.5 full lime equivalent paid staff until the nursery closed in Dec 2024. In addition there have been a number of key staff changas in the year, our Youth & Children's worker sadly, and unexpectedly, passed away Our 'Crealive L&ad' relocated to South Africa, and our 'Maintenance Coordinator, retired. The number of staff has now rèduced to 2.5 and a stsffing review is being undèrtaken, Throughout the year our staff have bean supported by many hundreds of volunteer hours from th8 'Family & Friends, of the church, (see bèlow). The City Church Leadership Team conllnues to operate under delegated powers of the Directors. They have spiritual oversight, and make deGisions, within the parameters of the vision and pre-s81 budgets of the Ghurch. The Wtz Kidz manager operated under delegated powors of the Directors and had re8ponsibillty for day-to-day managemènt of Ihe nursery within the dèsignaled budget. City Church has operated from slles in Grimsby for the last 7 years,. Our centre on Freeman Slr8et, incorpoialing church offices and Wiz Kids nursery, Our buildings on Chelmsford Avenue, used for our main church seNIGes and broadcasting our online services. Our Community Hall continues to be used for the benefit of our own church groups and local community groups. Our offices are in the process of moving to the Ch81msford Avenue stte, and we are currently clearing the Freeman Street leasehold premises wilh the aim of disposing of them. RISK REGISTER The trusteeldirectors have a duty lo identify and revlew the risks to whlch the charty is exposed and to ensure appropriate controls are in place lo provlde reasonable assurance against fraud and error. A review of our 'Risk Reglstel t¢)ok place in March and is reviewed on an annual basis. VOLUNTEERS The many activities of Clly Church throughout 2024 were only possible because of a 8ignificanl number of volunteer hours, summarised as follows.. Group leadership & pastoral support 1400 hours Leadership & operatlDnal support 320 hours Sunday Servi support 1020 hours Kids church activities & évents 330 hours Youth group 280 hours Outreach events 850 hours Building rnaintenance & refurbishment 150 hour5 FINANCIAL REVIEW Reserves policy The Trustees havé examlned the Charitys requiremenl for reserves, considering the main risks lo Ihe organisalion. They have established a policy to endeavour lo keep three months operating costs in reserves and an element for potential redundanw costs, lotalling £65,000, (previously £133,000 when the nursery was In operation). We currently have additional funds as we explore the f88sibility of developing our Chelmsford Avenue site, polentlally by conslructing additional rooms to séNa our growing congregation. A major area of growth has been our children's ministry, which coincides with our main Sunday Serv15. We are outgrowing the existing rooms designatéd for this purpose and wish to prepare for the expe¢led growth in the years lo wme. Any additional revenu8 from thè sale of our Freeman Street properties will be added to our free reserves. We may also considèr applying for grants that could be matched with our free reserves to help us meet our dev6lopm8nl oblèctives. FINANCIAL POSITION The Trustees meet eight times per year to review the financial position of the charity by monitorlng actual income and expenditure and comparing to budgèt. We are very thankful for the continued financial support of the church congregation throughout Ihe year. In addition w8 are grateful for a grant of £2,920 received frorn Grants¢ape, (the second of two payments), towards salary SIS for running our Little Gems Toddler Group. The Trustees consider the financial posillon of Ihe charity to be satisfactory. The Slatement of FinancSal Aclivltles shows income for the year ènded 31 D8c8mber, 2024 of £331,180 {2023- £308,603) and expenditure of £356,094 {2023- £295,122). Free reserves at the year-end amount to £212,088 {2023- £219,930) and are considered adequate to support the ongolng plans ofthe tharlty. Page 3
CITY CHURCH LINCOLNSHIRE GREAT GRIMSBY & NORTH EAST REGISTERED NUMBER: 06827030 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 FUTURE PLANS City Church is anticipating a year of continued growth building on the momentum of 2024. We anticipate that new staff appointments will be made in 2025 following a staffing review. We will contlnue to build upon and review our social action programs lo ensure they rèmain rélevant to the needs of the local area and Ihal they are fit for purpos6. We will strengthen our relallonships with the growing number of nationalities that now makè up a signrficant pentage of the City Church congregation. We anticipal8 disposal of the Freeman Slr8at pramlses which will allow for further development of our Chelmsford Avenue si16. We will also be moving our regislered office to the Chelmsford Avenue site. In consldering our achievements, performance, and future plans. we are very gralefvl for the nUMr of volunteers who make themselves available to facililale the ongoing activities of Clly Church throughout the year, STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The Charity is governed by il's Memorandum and Articles ofAssociation. As the company Is limlted by guarantee, there were no beneficial inlerasts In the company. RecNltment and appolntment of new trustees Clly Church seeks to appoint trusleeldireclors from persons who share Ihe same ethos. 11 seeks lo identify those mosl Suitable to bring a balance of skills and strengths to the board Induction and trainlng of new trustees On appointment, all Trustees undertake an induction to include an ovetview of the charity, breakdown of responsibilities and DBS checks. REFERENCE AND ADMINISTRATIVE DETAILS Registèred Company number 06827030 (England and Wales) Registered Charity number 1131978 Registered office City Church Cenlre 251-259 Freeman Street GRIMSBY DN32 9DW Trustees Mr. D. Jones Chairman Mrs A. Cadd (resigned 17.3.25) Mr. P. T. Gallant Mr. D. Robinson Mrs K.S. Jones Mr M. B. S¢arrott Independent Examlner Miss C. M. Tams FCA Smethursl & Co LLP 12 Abbey Road GRIMSBY DN32 OHL Bankers Santander UK Bridle Road BOOTLE Merseyside L30 4GB Page 4
CITY CHURCH LINCOLNSHIRE GREAT GRIMSBY & NORTH EAST REGISTERED NU ER.. 06827030 REPORT OF THE TRUSTEES OR THE YEAR ENDED 31 DECEMBER 2024 STATEMENT OF TRUSTEES, RESPONSIBILITIES The Injstees (who are also the diredors of City Church (Great Grim8by & North East Lincolnshire) for the purposes of company law) ar8 r8sponsible for preparing the Report of Ihe Trustees and thè financial statements In accordanc£ wlth applicable law and Unilad Kingdom AtuntIng Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees lo prepare financial stalemenls for each financial year which give a true and falr vlew of the stale of affairs of the oharilable company and of the incoming resources and applicalion of resources, including the income and expenditure, of the charitable company for that period. In preparfng those financial statements, the trustees are requlred to select suitable accounting policies and then apply them conslslenlly- observe the methods and principles in the Charity SORP,. make judgements and estimates that arè reasonabla and prudent,, prepare Ihe financial Statements on the going concern basis unless ft Is Inappropriate lo presume that the chaiilable company will continue in buslness, The trustees are responsible for keeping proper accounling records which disclose with reasonable accuracy at any time the financial position of the charitable company and lo enable Ihem lo ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevenlion and d8tection of fraud and other Irregularlties, Thls report has been prepared In accordan with the special provisions of Part 15 of the Companies Act 26 relating to small companies. Approved by order of the board of trustees on 17 March 2D25 and signed on its behalf by.. Mr, D, Jones~ Twstee Page 5
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CITY CHURCH GREAT GRIMSBY & NORTH EAST LINCOLNSHI REGISTERED NUMBER.. 06827030 Independent examinevs report to the trustees of City Church (Great Grlmsby & North Ea8t Lincolnshire) Ilhe Company,) I report lo the charity trustees on my examinatlon of the accounts of the Company for tho year end8d 31 December 2024, Responsibilities and basis of report As Ihe Ghaiivs trustees of the Company land also its directors for the purpose8 of company law) you are responsible for the preparation of the accounts in accordance with the requirements ofthe Companies Act 20 ('the 2006 Act,). Having satisfled myself that thè accounts of the Company are not r&qulred to be audited under Part 16 of the 2006 Act and are eligible for indep8nd8nl examination, I report in resped of my examination of your chaiivs accounts as carried out under Section 145 of the Charities Act 2011 I'the 2011 Act'>. In Carrying out my examination I have followed the Directions given by the Charily Comrnission under Section 14515) (b) of the 2011 Act. Independent examlner's statement sin your charivs gross inGome exceeded £250,000 your examiner musl be a member of a listed body. I can confimi that l am qualified to undertake the examinalion becaus8 1 am a mgmber of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed rny examination. I confirm that no matters have come to my attention in connection with the examination giving me ¢ause lo believe- accountlng rècords wère not kept In respect of the Company as required by Sedion 386 of the 2006 Act; or the accounts do not accord wlth those records,, or the accounts do not comply with the accounting requirements of Secllon 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which 15 not a matter considered as part of an independent examinalion., or the ac(x)unts have not been prepared in accordance with the methods and prindples of the Statement of Recommended Practice for accounting and reporting by charit16s (appllcable to charities preparing their accounts in accordanc6 with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 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 lo enable a proper understanding of the accounts lo be reached. Mlss C. M. Tams FCA Smelhursl & Co LLP 12 Abbey Road GRIMSBY DN32 OHL 20 March 2025 Page 6
CITY CHURCH GREAT GRIMSBY & NO LINCOLNSHIRE EAST STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING AN INCOME AND EXPENDITUR ACCOUNT OR THE YEAR ENDED 31 DECEMBER 2024 31.12.24 Total funds 31.12.23 Total fLinds as reslaled Unrestricted funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donalions and legacles 130,904 1,481 132,365 132,535 Charitable actlvlties Core Wlz-Kldz 2,920 19,059 2,920 181,430 3,080 161,977 162,371 Investment income other incomè 12,168 2,297 12,168 2,297 7,805 3,406 Total 307,740 23,440 331,180 308,603 EXPENDITURE ON Charltsble actlvltles Core Wiz-Kidz Missions 118,872 194,890 16,525 22,144 141,016 194,890 20,188 137,272 142,718 15,132 3,663 Total 330,287 25,807 356,094 295,122 NET INCOMEI{EXPENDITURE) Transfers between funds (22,547) 11,9201 (2,367) 1,920 124,914) 13,481 13 Net movement in fund8 (24.4S71 {447> {24,914} 13,481 RECONCILIATION OF FUNDS Total funds brought forward 666,919 1,137 668,D56 654,575 TOTAL FUNDS CARRIED FORWARD 642,452 Sgo 643,142 668,056 CONTINUING OPERATIONS In December 2024 the Wiz-Kidz nursery closed. During the year income was £181,430 and expenditure was £194,890 from the discontinued operation. The notes form part ofthese flnandal slatements Page 7
CITY CHURCH LINCOLNSHIRE GREAT GRIMSBY & NORTH EAST GISTERED NUMBER: 06827030 BALANCE SHEET 31 DECEMBER 2024 31.12.24 Total funds 31.12,23 Tolal funds as restated Unreslricled fund8 Restricted funds Notes FIXED ASSETS Tangible assets 10 430,364 430,364 446,989 CURRENT ASSETS Debtors Cash al bank and in hand 6,269 209,443 8,269 210,133 5,567 263,590 690 215,712 690 216,402 269,157 CREDITORS Amounts falllng due within one yaar 12 (3,624) (3,624) (48,090) NET CURRENT ASSETS 212,088 690 212,778 221,067 TOTAL ASSETS LESS CURRENT LIABILITIES 642,452 690 643,142 668,056 NET ASSETS S42,452 690 643,142 668,056 FUNDS Unrestricted funds Restricted funds 13 642,452 690 666,919 1,137 TOTAL FUNDS 643,142 668,056 The charltable company is entitled to exemption from audit under Section 477 of the Companies 2006 for the year ended 31 December 2024, The members have not required the company lo obtain an audit of 115 financial slalements for the year ended 31 December 2024 in accordance th Sedion 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for la) ensuring Ihat the charitable company keeps accounting records that cornply with Sectlons 386 and 387 of the Companies Act 20[ 2nd preparing financial slatèmenls lch give a tNe and fair vlew of the stale of affairs of the charitab18 company as sl tha end of each financial year and of its surplLts or deficit for each financial year in accordance with the requlrements of Secllons 394 and 395 and which otherwise comply with the requirèments of the Companles Act 2006 relating to financial staternenls, so far as applirAble lo the charitable company, (b) These financial statements have been prepared in accordanca with the provislons applicable lo charitable companies subject to th8 small companles regime. The financlal $latemenls were approved by the Board of Twstees and aulhorised for issue on 17 March 2025 and were slgned on Its behalf by., Mr. D. Jonas- Truste8 The notes form part of these financial statements Page 8
CITY CHURCH GREAT GRIMSBY LINCOLNSHIRE NO TH EAST NOT S TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBE 2024 ACCOUNTING POLICIES Basis of preparing the financlal statements The financial statemenls of the charitable company, which is a publlc benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1 D2) 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo Charities preparing their accounts in accordancè wilh the Financial Reporiing Standard applicable in the UK and Republic of Ireland (FRS 102) leffeclive 1 January 2019),, Flnancial Reporting Slandard 102 'The Financial Reporting Standard appllcable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. The charity has departed from the Charities SORP and FRS 102 in order to depreciate all ftsehold propety al a rate of 20/0 on a slraighl line basis. The treatment required by the Charities SORP and FRS 102 where an asset comprises of two or more major components is that each component should be depreclaled separalely over ils useful life and that the value of land is not depreciated. The trustees conslder Ihat depreciating all freehold propety at a rate of 20/0 on a stralght line basls refiects the value of the asset for the charity, and have concluded that the accounls present a true and fair vlew. In¢ome All income is recognised in the Slaternenl of Financial Activities onca the charity has entltlement to the funds, it is probable that the income will be received and Ihe amount can be measured reliably, Expendlture Liabilities are recognised as exp8nditure as SODn as there is a lègal or conslructlve obligation committing the charity lo that 8xpenditure, il is probable thal a transfer of economic benefits wlll be required in settlement and the amount of the obligation can bè mèasured reliably. Expenditure is accounted for on an accruals basis and has beèn classifled under headings that aggregate all cost related to the category. Where costs cannot be directly attributed lo partlcular headings they have been allocated to activities on a basis consistent with the use of resour$. Grants offered subject to conditions lch hav8 nol beèn met at the year end date are noted as a commitmerFt bul not accrued as expenditure. Tangible fixed assets Depre(aalion is provided at tha followlng annual rates in order to write off each asset over ils estimated useful Freehold propety Short leasehold Fixtures and fittings 2010 Slraighl Line 40/0 Straight Line 200/0 Reducing Bslance Fixed assèts are slated al cost less accumulated depreciation. The cost of minor additions of less than £500 are not capitalised. Taxation The charity is exempl from corporation lax on ils charilable activities. Fund accounting Unreslricted funds can be used in accordance with the Charitable objectives at Ihe discretion of the trustaes. Restricted funds can only be used for particular restrictad purposes within the objects of Ihe charity. Restrictions arise when spèelfied by ihe donor or whèn funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is Included in the notes lo the financial statements. Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to Ihe charitable company's pension scheme are charged lo the Statement of Financial Aclivit18s in the period lo which they relate. Donated goods and $eNices Donated good8 and 88rvic8s are not r8cognised in the financial 8latement8 as they are mlnimal in valu8. Page 9
CITY CHURCH GREAT GRIMSBY & NORTH EAST LINCOLNS IRE NOTES TO THE FINANCIAL STATEMENTS - contin FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES - continued Donated goods and service$ Donated services provided by general volunteers are explained wlthin the Truslees report. INVESTMENT INCOME 31.12,24 31,12,23 as restated Interest recelved 12,168 7,605 GRANTS PAYABLE 31.12.24 31.12.23 as restated Core Missions 50 20,188 1,001 15,132 20,238 16,133 The total grants paid lo institutions during the year was as follows.. 31.12.24 31,12.23 as restated Other institutions Ground Level Jabulani Oasis of Hope Release International Sri Lanka Childrens Ministry 379 4,620 875 720 1,200 1,420 4,420 1,218 eoo 9,214 7,282 The total grants paid to individuals during the year was as follows- 31.12.24 31.12.23 as reslat8d other individuals A & D Graham S Hardy S&MBrown D Taylor P&AJones J&EWhyle 351 1,500 2,223 3.000 1,200 1,500 1,200 1,051 1,798 2,3[ 2,496 1,2 10,974 8,851 Page 10
CITY CHURCH GREAT GRIMSBY LINCOLNSHIRE NORTH EAST NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBE 2024 SUPPORT GOSTS Govemance costs Corè Wiz-Kidz 1,552 701 2,253 NET INCOMEIIEXPENDITUREI Net incomellexpenditure) is stated after chargingl(credllingl'. 31.12.24 31.12.23 as restated Independenl examiners fee and accounlancy Payroll processing Depreclallon - owned assets 1,380 825 16,250 1,351 819 16,879 TRUSTEES. REMUNERATION AND BENEFITS The charity's rnemorandum and arkncles of association allowing remuneration to be paid lo trustèes are approved by Ihe charily commission. The following remuneration was paid to the trustee Mr D Jones during the year- 31,12.24 31.12.23 Total 19,678 1,460 403 Total 19,678 1,460 403 Truslee8' salaries Trustees, social $8curity Trustees, pensions 21,541 21,541 Truste8s' expenses There were no trustees, expenses paid for the year ended 31 Decerllber 2024 nor for the year ended 31 December 2023. STAFF COSTS 31.12.24 31.12.23 as restated Wages and Social security Redundancy pay Pensions 217,888 36,800 3,413 198,843 3,096 258,081 201,939 The avéragè monthly number of employeès during the year was as follows: 31.12.24 31.12.23 as restated Core Wiz - Kidz 16 18 Page11
CITY CHURCH GREAT GRIMSBY & NORTH EAS LINCOLNSHIRE NOTES TO THE FINANCIAL ST TEMENTS- con in FOR THE YEAR ENDED 31 DECEMBER 2024 STAFF COSTS - continued No employees received emolumenls in excess of£60,000, Included in staff costs are salary and employers national insurance paid lo and In relation to key management of £48,71312023- £47,627). COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unr8slricled funds Rèslrlcled funds Total funds as restated INCOME AND ENDOWMENTS FROM Donallons and legacles 131,629 906 132,535 Charfiable act]vltle8 Core Wiz-Kidz 3,080 8,618 3,080 181,977 153,359 Investment income Other income 7,605 3,40S 7,605 3,406 Total 295,999 12,604 308,603 EXPENDITURE ON Charltable activities Core Wiz-Kidz MissiDns 134,192 134,100 12,448 3,080 8,618 2,684 137.272 142,718 15,132 Total 280,740 14,382 295,122 NET INCOMEI(EXPENDITURE) Transfers between funds 15,259 (1,3201 (1,7781 1,320 13,481 Net movement in funds 13,939 {458) 13,481 RECONCILIATION OF FUNDS Total funds brought fofward 652,980 1,595 654,575 TOTAL FUNDS CARRIED FORWARD 666,919 1,137 668,058 PRIOR YEAR ADJUSThIENT In the accounts for the year ended 31 December 2023 internal re-allocations for the rent cost of Ihe Wiz-Kidz nursery and for unrestricted funds used toward donations paid to specific organisalionslindividuals which the charity supports tolalling £16,740 were included in inGome and in expenditure. The comparative figurés have been reslated lo remove the internal re-allocations. Page 12
CITY CHURCH GREAT GRIMSBY & NORTH EAST LINCOLNSHIRE NOTES TO THE FINANCIAL STATEMENTS - continuod OR EYE ENDED 31 DECEMBER 2024 TANGIBLE FIXED ASSETS Fixtures and rittlngs Freehold property Short leasehold Totals COST Al 1 January 2024 Dlsposals 395,95Q 150,000 54,823 (815) 800,773 (815) Al 31 December 2024 395,950 150,000 54,008 599,958 DEPRECIATION Al 1 January 2024 Charge for year Eliminated on disposal 36,994 5,919 84,OQO 8,OQO 32,790 4,331 1440) 153,784 16,250 (440) At 31 December 2024 42,913 90,000 36,681 169,594 NET BOOK VALUE ' At 31 December 2024 353,037 60,000 17,327 430,364 At 31 Dember 2023 358,956 66,000 22.033 446,989 Freehold property includes an estimate for land of £100,000 which is not belng depreaaled. 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 as restated Trade debtors Other debtors 68 5,499 6,170 6,269 5,567 12. CREDITORS". AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31,12.23 as restated other creditors 3,624 48.090 13. MOVEMENT IN FUNDS Net movement In funds Transfers betsveen funds At 31.12.24 At 1.1.24 Unr8stricted funds General fund 666,919 (22,547) {1,920) 642,462 Restrlcted funds Missions Fund 1,137 12,387) 1,920 690 TOTAL FUNDS 688,056 (24,914) 643,142 Page 13
CITY CHURCH GREAT GRIMSBY & LINCOLNSHIRE ORTH EAST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 13, MOVEMENT IN FUNDS - Gonnued Net movement in funds, included in Ihe above are as follows: Incoming resources Resources expended Movement in funds Unrestrlcted funds General fund 3Q7,740 1330,287) 122,547) Restricted funds Wiz-Kidz Fund Missions Fund Vision East Coast Community Fund CilyKids 19,059 1,296 100 2,920 65 {19,059) (3,663) {100) (2.920) (65) (2,367) 23,440 (25,8071 (2,367) TOTAL FUNDS 331,180 (356,0941 (24,914) Comparatlves for movement in funds Nel movement In funds Transfers b8en funds Al 31.12,23 At1.1.23 Unrestricied funds General fund 652,980 15,259 (1,320) 666,919 Restricted funds Misslons Fund 1,595 (1.7781 1,320 1,137 TOTAL FUNDS 654,575 13,481 668,056 Comparalive net movement in funds, Included in Ihe above are as follows.. Incoming resources Résources expended Movement in funds Unrestricted funds General fund 295,999 (280,740) 15,259 Restrlcted fund8 Wiz-Kidz Fund Missions Fund East Coast Community Fund Wami sPas 8,618 906 2,080 1,OCpO (8,618> (2,684> (2,080> (1,000> (1,778) 12,604 (14,382) (1,778) TOTAL FUNDS 308,603 (295,122) 13,481 Page 14
CITYCHURCH GREAT GRIMSBY & NORTH EAST LINCOLNSHIRE NOTES TO THE FINANCIAL STATEMENTS- continu FOR THE YEAR ENDED 31 DECEMBER 2024 13. MOVEMENT IN FUNDS- contlnued A current year 12 rnonlhs and prior year 12 months comblned position Is as follows.. Net movement in funds Transfers behyeen funds At 31.12.24 Al 1.1.23 Unrestricted funds General fund 652,980 (7,288} (3,240) 642,452 Restricted funds Missions Fund 1,595 14,145) 3,240 TOTAL FUNDS 654,575 {11,433} 643,142 A current year 12 monlhs and prior year 12 months combined net movement in funds, included in the abov8 are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 603,739 (611,027) (7,288) Restricted.fund$ Wlz-Kidz Fund Missions Fund Vision East Coast Community Fund Warm Spaces CilyKids 27,677 2,202 100 5,000 1,000 65 {27,677) 16,347) (100) (5,000) (1,000} (65) {4,145) 36,044 (40,189) (4,1451 TOTAL FUNDS 639.783 1651,216) {11,433) The purpose of the restricted and Deslgnated fund5 are :_ Wiz-Kidz This is donalionslgrants received for expendlture specifically to be spent on childcare. Missions This is donalions received for specific organlsatlonslindividuals which the charity supports. Vision Fund This Is lo asslsl in the devèlopmenl of the vision of the Church. East Coast Community Fund This is grant toward salary costs for running the Little Gems Toddler Group. Wann Spaces This is a grant received for a warm space provislon. Transfors be00n funds Transfers from unreslricled funds of £1,920 12023.. £1,320) are toward donations paid lo speclfic organi8alionslindividuals which the charity Supports. Page 15
CHURCH GREAT GRIMSBY & NORTH EAST LINCOLNS IRE NOTES TO THE FINANCIAL STATEMENTS - contin FOR THE YEAR ENDED 31 DECEMBER 2024 14. RELATED PARry DISCLOSURES Amounts donated to City Church during the year by Trustees were £22,800 (2023- £20,180), During the year wages, social securlty and pension contributions tolalling £10,865 (2023 £18,950) were paid lo Peter Jones, the son of truslee Davld Jones. Grants totalling £1,500 were also pald lo Peter Jones and his wife to supporl voluntary work al a childrens home and church ministry in South Afrlca, During the year wages, social security and pansion contributions totalling £22,281 (2023 - £20,155) were paid to Joy Wooffindin, the daughter Cpf truslee David Robinson. Durlng the year wages, soclal security and pension contributions lotalling £2,645 {2D23 £Nil) were paid to David A Jones, the husband of trustee Katie Jones. 15. PENSIONS The Charity makes conlribulions for ils employees in a defined contribution scheme. Thé amount charged to the Statement of Financial Activities during the year was £3,413 (2023 - £3,096). Pension amounts outstanding at the 31st December 2024 were £574 {2023- £5711. Page16