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REGISTERED COMPANY NUMBER: 07310012 (England and Wales)
REGISTERED CHARITY NUMBER: 1137954
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Unaudited Financial Statements for the Year Ended 31 August 2022
Grace Church Salisbury
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Jerram Surlis Limited
4 Latimer Street
Romsey
Hampshire
SO51 8DG
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Grace Church Salisbury
Contents of the Financial Statements for the Year Ended 31 August 2022
|||Page||
|---|---|---|---|
|Report of the Trustees|1|to|6|
|Independent Examiner's Report||7||
|Statement of Financial Activities||8||
|Balance Sheet|9|to|10|
|Notes to the Financial Statements|11|to|16|
|Detailed Statement of Financial Activities||17||
Grace Church Salisbury
Report of the Trustees for the Year Ended 31 August 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2022. The trustees have adopted the provisions of 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 Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ending 31st August 2022. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities, preparing their accounts in accordance with the Financial Reporting Standard applicable to the UK and Republic of Ireland (FRS 102) (effective January 2019).
Grace Church Salisbury & Amesbury is a growing diverse community of Christians who meet as one church in multiple locations in and around Salisbury. We are part of Commission which is a family of churches that is part of the Newfrontiers network of churches.
The Church is not a building, but a gathering of ordinary people of different ages and backgrounds, whose lives have been changed by Jesus Christ, the Son of God. The New Testament reveals the Church as a community of people, properly taught and cared for, who by loving and serving Jesus Christ, were also committed to love and care for each other and to bring a blessing to the area in which they lived. Grace Church Salisbury and Amesbury; its trustees, elders and members are committed to the restoration of those New Testament principles. It is not alone in this, it is one of many Churches in the area, country and all over the world that is re-discovering the excitement of knowing Jesus Christ. The vision is to see the people of Salisbury and its surrounding area come into this experience of knowing Jesus as their Lord, Saviour and friend.
Our Vision is to know, love and worship our Heavenly Father and to see Jesus change thousands of lives by the power of the Holy Spirit.
Our Mission is to make disciples, serve our communities, plant new congregations and reach other nations.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Charity’s objectives are, for the benefit of the public, in such parts of the United Kingdom or the world as the Trustees may from time to time think fit: 1. To advance the Christian faith in accordance with the Church’s Statements of Beliefs. 2. To relieve sickness, distress or financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind including through the provision of counselling and support. 3. To advance education, marriage and family life in accordance with Christian principles
Page 1
Grace Church Salisbury
Report of the Trustees for the Year Ended 31 August 2022
## OBJECTIVES AND ACTIVITIES
Significant activities
Achievement and Public benefit
The Trustees are mindful of the Charity Commission guidance on the importance of tangible public benefits from the work of the charity. We have sought to ensure our activities are available and open to all within the community within which we serve, both in the provision of services of worship and in the provision of community activity and support.
Priorities for the year have been:
1. Supporting the church family and building confidence as we emerged from the restrictions of the pandemic
2. Rebuild the teams for all aspects of church life and train new members into their roles.
3. Taking stock of where we are with the departure of the Lead Elder and looking at growing the church as we wait to strengthen the Eldership Team.
4. Closely monitor finances to evaluate income and continue to make sound financial decision regarding expenditure
## Public meetings:
Sunday meetings are a time of worship, prayer and teaching for adults and children which is free and open to anyone who wishes to attend. It is an opportunity to learn about the Bible and Jesus and to meet together with our diverse family which comes from different backgrounds and cultures.
Though the church was able to resume in person meetings in July 2021, it emerged slowly from covid restrictions with people being cautious about being together. It was determined early in 2022, that it would be better to continue to meet on Sundays in one location at Sarum Academy in Salisbury only. The decision was made to pause in person services in Amesbury until a later date. This was in order to reunite and strengthen as one congregation rather than two, to better serve our members. In February 2022 we were gathering about 90 people at our Salisbury venue. This gradually increased and now in April 2023 we are regularly gathering 180 people each Sunday.
The church saw a gradual increase in numbers attending the weekly Sunday meetings with seating arrangements designed to facilitate attendance by more vulnerable or cautious individuals. In order to maintain contact and be accessible to as many people as possible services continue to be recorded and made available through YouTube.
The next generation: There are a number of groups on Sundays for children of different ages where the children can learn about Jesus and grow in their relationship with God in a safe and fun environment. We have been able to establish three age related groups with a new team leading this work.
The youth of the church, aged 11 – 18, meet during the preach one Sunday a month. There is a monthly gathering on Saturday evening for fun activities and some teaching with a third context of gathering together in same sex groups once a month for more in depth bible study. This group is led by volunteers who are passionate about raising a generation of young people who love and honour God. From the beginning of May 2023 we will employ a part time Youth Leader to take this work on further. They are currently gathering about 20 young people for their meetings.
Bringing the love of Christ to the community:
Resumption of Community Groups took place in all of the pre-pandemic locations around Salisbury, Wilton and Amesbury. These small groups meet in homes during the week and are led by volunteers. The groups provide an opportunity for people to connect with each other in order to grow as disciples of Jesus through exploring the Bible, worship and praying for one another. The 10 community groups reflect the diversity of Grace Church and serve about 150 individuals.
During the year Grace Church ran three Alpha courses with twenty attendees. The Alpha course is an internationally recognised course that gives people who may not attend a church or who may not have a Christian faith, the opportunity to engage with members of the church to find out more about the Christian faith. The course is open to all, there is no pressure, no commitment and the course is free, hot drink and cake included! It is a great opportunity to receive some teaching, ask questions and discuss the big questions about life in a safe and friendly environment. As a result of attending our Alpha courses, individuals have gone on to attend our “Explore Membership” course and have been welcomed into membership of the church.
Page 2
Grace Church Salisbury
Report of the Trustees for the Year Ended 31 August 2022
## OBJECTIVES AND ACTIVITIES
Practical care in the community: Grace Church employs a Parish Nurse who provides support in the local community for clients with physical, social and mental health problems, both at times of crisis and for long term problems. There has been a steady increase in the number of referrals which come from a variety of agencies across the city. Interventions vary: from being an advocate to health promotion, end of life support to developing group support for chronic respiratory problems. The Parish Nurse is able to offer spiritual support and prayer and is thus able to share God’s love with clients and other individuals with whom they are linked. In addition, the Parish Nurse has been able to engage other professionals and members of the church to reach into the community that she serves. The feedback we have received from both professionals and clients is extremely positive and thankful for the work of our Parish Nurse.
We have begun a journey of developing social action projects within the church which we will run under the banner of GraceWorks. So far, we have done some fairly extensive work in the garden of a disabled lady who couldn’t access her garden in her wheelchair and some minor work for several others. The intention is to build on this to increase our connection into the community.
The members of the church have consistently been applying the principles of church life outlined in the New Testament outlined earlier to be ‘salt and light’ in the community, in the places they live and work and in having an impact on social attitudes in wider national society.
Staff and Team resourcing: The charity saw a change to the staff team with the stepping down of the Lead Elder, Simon Redmill part way through the year. Simon had been part of the leadership team from the church’s inception in 2003 and we are thankful for Simon’s service to the church over almost 20 years.
David Maskell, Elder and Head of Pastoral Care, has stepped in as the interim Lead Elder whilst we seek to strengthen the Eldership Team.
The Elders formed a Senior Leadership Team calling on four men, to step into this role to support the Elders and the church through this next season. The Senior Leadership Team members all contribute to the direction of the church and are being given the opportunity to develop their own leadership and preaching skills through working with experienced preachers from within and outside of the church.
An additional leadership team called the Extended Leadership Team has also been formed of members of the church with some leadership responsibility who meet with the Elders and Senior Leadership Team to consider how the church will fulfil its aims and objectives during this period of transition.
We are keen to encourage personal growth in discipleship and identify and grow empowered leaders to serve in our church and community. To this end the interim Lead Elder organised a Leaders weekend away for 40 members of Grace Church with David Campbell as the guest speaker, on the topic of “The Holy Spirit”. As a retired pastor, author and former leader of Newfrontiers in Canada, David now trains leaders around the world. The weekend gave members a chance to receive teaching and become more confident in their understanding of the Holy Spirit as well as being a time of worship and ministry to each other.
We were successful in being able to appoint an Operations Manager in May 2022, filling a vacancy that it had not been possible to fill since before the pandemic. This has enabled us to begin tasks that were on hold such as updating of the website, begin to organise community events and take the administrative load off the Lead Elder.
Whilst the church employs four different individuals in a variety of roles: Lead Elder, Operations Manager, Bookkeeper and Parish Nurse, we are fortunate to have many members who choose to give their time freely to all aspects of church life, “being salt and light” to the church and community, by providing technical, administrative and practical support.
This myriad of individuals, both employed and unemployed, through their service, show the unconditional love of Christ through good deeds which have a positive effect on our community. Much of this work is done privately, without recognition and the hours and value of the time cannot be quantified.
Page 3
Grace Church Salisbury
Report of the Trustees for the Year Ended 31 August 2022
## OBJECTIVES AND ACTIVITIES
Bringing support to churches working elsewhere both in the United Kingdom and overseas: Grace Church supports the work of churches across the Salisbury area through local leadership encouragement and as part of ‘Commission’, which is a family of churches that is part of the Newfrontiers network of churches.
Further afield we continue to support the church plant in Ghana, now in its fourth year. Despite the challenges of covid and the complexities of life in Ghana it is good to see that the church has become more established and numbers are slowly increasing. Income is being generated locally from a new pig farm to provide income for the leaders. Grace Church continues to provide financial support plus mentoring is provided by the Lead Elder and other members of the Commission Leadership Team.
## FINANCIAL REVIEW
## Financial position
The Financial Team which includes Trustees, the Lead Elder and operational staff, closely monitor the finances with reports and face to face discussions each month. Income was slightly down on last year however our membership continue to give faithfully and provide almost all of the income for the running costs and for the work that we undertake. An external grant was received to support the work of the Parish Nurse.
As a church we aim to give away about 10% of our income to other causes. During this financial year regular donations were made from general funds to Ghana totalling £13,000 and £6,000 to Commission both to support church planting. A donation of £6,380 was given to Commission’s Ukraine Appeal to support churches and refugees in Ukraine plus grants of about £1,000 were given to individuals suffering from hardship.
We believe that one of the most effective ways to serve our community in the long run is to purchase a building of our own. Currently we hire facilities at a school for which we are extremely grateful, however this does curtail our potential activity options. To this end we continue to raise money through Gift Days, for a deposit for a building. The building funds are held as designated funds rather than as restricted funds to give flexibility if, for any reason we decide not to acquire premises, or there are surplus funds left over following the acquisition of any premises. In this event we will use the money to further the charitable purposes of the Church.
Total income for the year was £232,247 with expenditure of £197,939 generating an overall surplus of £34,308.
## Investment policy and objectives
The Memorandum and Articles of Association state that the charity may make any investments which the Trustees consider appropriate. No investments were made during the period under review.
## Reserves policy
- Our policy is to retain sufficient reserves:
- To ensure that Grace Church has sufficient funds to meet its financial commitments.
- To demonstrate that Grace Church has a sustainable future
- To ensure that Grace Church is able to manage unforeseen financial difficulties
- To ensure that excessive funds are not held without any identifiable reason or for any identifiable purpose.
With the above in mind, the Trustees have set a policy to retain reserves to cover three month’s average monthly operational costs which equated to about £50,000 in this financial year. The level of free reserves at the end of the financial year amounted to around £114,864. (see Note 11). These monies have not been specifically designated yet but it is anticipated that they will be used for development of the staff team, as explained earlier, and activities to advance the Christian faith both within the church and the community, hence why the amount held is temporarily higher than the policy figure.
Page 4
Grace Church Salisbury
## Report of the Trustees
for the Year Ended 31 August 2022
## STRUCTURE, GOVERNANCE AND MANAGEMENT
## Governing document
The organisation is a charitable company limited by guarantee, incorporated in 9th July 2010 and registered as a charity on 10th September 2010. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed by its Articles of Association. In the event of the company being wound up, members are required to contribute an amount not exceeding £10.
## Charity constitution
The charity is incorporated and registered with the Charity Commission. It was established on 9th July 2010 under a Memorandum of Association and changed its name on 6th October 2016 to Grace Church Salisbury from its previous name of Salisbury City Church.
## Recruitment and appointment of new trustees
The Trustees, who are also Directors, are appointed on the approval of the Members/Elders. They bring with them skills, experience and abilities which contribute to the effective and efficient operation of the charity and company. They are responsible for the general management of the charity and company and give their time freely, receiving no remuneration or other financial benefits for the work that they do.
## Charity structure
Grace Church is a Christian church which is governed by a spiritual leadership team, currently comprising two Elders with one being the Lead Elder. These individuals are responsible for the spiritual direction and day to day activities of the church with the Senior Leadership team supporting the Elders in planning the way forward for the church. Locally Grace Church is part of Churches Together Salisbury as well as a member of the Evangelical Alliance.
## Decision making
The Trustees have delegated much of the day to day running and administration of the charity to the employed staff and meet regularly with the Lead Elder to discuss plans, issues, finances and matters relevant to the church. Trustees are available to the Elders in between meetings, if required. The Trustees, all of whom are members of the church, continue to monitor all aspects of risk, the financial position of the church, the quality of the accounting and the impact of the economy on the life of the church
## REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07310012 (England and Wales)
## Registered Charity number 1137954
Registered office
Sarum Academy Bungalow
Westwood Road
Salisbury
SP2 9HS
## Trustees
During the year under review the following acted as Trustees:
## Mike Faulkner
Megan Greenstock (Chair)
John Hooper - resigned October 2021 Stephen Mathews - appointed May 2022 Peter Moffat
Page 5
Grace Church Salisbury
Report of the Trustees for the Year Ended 31 August 2022
## REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner David Jerram FFA/FIPA FFTA
Jerram Surlis Limited 4 Latimer Street Romsey Hampshire SO51 8DG
Bank Lloyds TSB Banks plc 84 Victoria Road Ferndown BH22 9JB 15th May 2023 Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Trustee
Page 6
Independent Examiner's Report to the Trustees of Grace Church Salisbury
Independent examiner's report to the trustees of Grace Church Salisbury ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2022.
## Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
David Jerram
## FFA/FIPA FFTA
Jerram Surlis Limited
4 Latimer Street
Romsey Hampshire
SO51 8DG
Date: .............................................
Page 7
Grace Church Salisbury
## Statement of Financial Activities
## for the Year Ended 31 August 2022
|Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
206,131
Charitable activities
Charitable activities expenditure
2,731
Total
208,862
EXPENDITURE ON
Charitable activities
Charitable activities expenditure
170,850
NET INCOME/(EXPENDITURE)
38,012
RECONCILIATION OF FUNDS
Total funds brought forward
271,312
TOTAL FUNDS CARRIED FORWARD
309,324|Restricted
funds
£
23,385
-
23,385
27,089
(3,704)
12,455
8,751|2022
Total
funds
£
229,516
2,731
232,247
197,939
34,308
283,767
318,075|2021
Total
funds
£
296,499
-|
|---|---|---|---|
||||296,499
177,789|
||||118,710
165,057|
||||283,767|
The notes form part of these financial statements
Page 8
Grace Church Salisbury
## Balance Sheet
## 31 August 2022
|Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
7
7,777
CURRENT ASSETS
Debtors
8
2,463
Cash at bank and in hand
301,923
304,386
CREDITORS
Amounts falling due within one year
9
(2,838)
NET CURRENT ASSETS
301,548
TOTAL ASSETS LESS CURRENT LIABILITIES
309,325
NET ASSETS
309,325
FUNDS
11
Unrestricted funds
Restricted funds
TOTAL FUNDS|Restricted
funds
£
-
-
8,750
8,750
-
8,750
8,750
8,750|2022
Total
funds
£
7,777
2,463
310,673
313,136
(2,838)
310,298
318,075
318,075
309,325
8,750
318,075|2021
Total
funds
£
10,845
-
276,577
276,577
(3,655)
272,922
283,767
283,767
271,312
12,455
283,767|
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 in accordance with Section 476 of the Companies Act 2006.
## The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 9
continued...
Grace Church Salisbury
Balance Sheet - continued
31 August 2022
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on .............................................15th May 2023 and were signed on its behalf by:
............................................. Trustee
1
The notes form part of these financial statements
Page 10
Grace Church Salisbury
Notes to the Financial Statements
for the Year Ended 31 August 2022
## 1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
Going concern
The trustees (who are the charitable company's directors for the purposes of company law) have reviewed the charity’s financial position, plans, reserves and risk management and believe it has adequate resources to continue operations for the foreseeable future and therefore support the preparation of these financial statements on a going concern basis. Based on the analysis undertaken, the trustees have not identified any material uncertainties and have therefore continued to prepare the financial statements on the basis that the charity is a going concern.
## Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
## Taxation
The charity is exempt from corporation tax on its charitable activities.
## Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 11
continued...
Grace Church Salisbury
Notes to the Financial Statements - continued
for the Year Ended 31 August 2022
## 2. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
||2022|2021|
|---|---|---|
||£|£|
|Depreciation - owned assets|2,681|1,696|
- '
- 3. TRUSTEES REMUNERATION AND BENEFITS
## Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2022 nor for the year ended 31 August 2021.
## 4. STAFF COSTS
The average monthly number of employees during the year was 4 (2021: 4). A large element of the charity's activities are carried out by volunteers.”
The charity's key management comprise the trustees and the elders named on the Company Information page. Total employment benefits payable to key management for the year were £77,651 (2021 £86,045 ). No trustees received any remuneration and no expenses were paid to, or for, the trustees in the year or the previous year.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES|||
|---|---|---|
|Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
288,159
EXPENDITURE ON
Charitable activities
Charitable activities expenditure
167,713
NET INCOME/(EXPENDITURE)
120,446
RECONCILIATION OF FUNDS
Total funds brought forward
150,866
TOTAL FUNDS CARRIED FORWARD
271,312|Restricted
funds
£
8,340
10,076
(1,736)
14,191
12,455|Total
funds
£
296,499
177,789|
|||118,710
165,057|
|||283,767|
Page 12
continued...
Grace Church Salisbury
Notes to the Financial Statements - continued
for the Year Ended 31 August 2022
## 6. INDEPENDENT EXAMINER
The fee payable to the independent examiner for preparing and examining the accounts was £1,050(2021: £1,362). In addition the charity paid Jerram Surlis and Co £480 (2021: £448.80) for payroll bureau and other services.
|7.
TANGIBLE FIXED ASSETS
Fixtures
Plant and
and
machinery
fittings
£
£
COST
At 1 September 2021
5,177
742
Disposals
(763)
-
At 31 August 2022
4,414
742
DEPRECIATION
At 1 September 2021
2,880
653
Charge for year
549
22
Eliminated on disposal
(662)
-
At 31 August 2022
2,767
675
NET BOOK VALUE
At 31 August 2022
1,647
67
At 31 August 2021
2,297
89
8.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
9.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 10)
Trade creditors
Social security and other taxes|Motor
Computer
vehicles
equipment
£
£
6,494
5,673
-
(2,205)
6,494
3,468
271
3,437
1,623
487
-
(1,919)
1,894
2,005
4,600
1,463
6,223
2,236
2022
£
2,463
2022
£
-
1,494
1,344
2,838|Totals
£
18,086
(2,968)
15,118
7,241
2,681
(2,581)
7,341
7,777
10,845
2021
£
-
2021
£
25
1,957
1,673
3,655|
|---|---|---|
||||
Page 13
continued...
Grace Church Salisbury
Notes to the Financial Statements - continued for the Year Ended 31 August 2022
## 10. LOANS
## An analysis of the maturity of loans is given below:
|Amounts falling due within one year on demand:
Bank overdrafts
11.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Designated: Gift Day 2020 Fund
Designated: Building Fund
Designated: Gift Day June 2021
Designated: Gillard Support
Restricted funds
Parish Nursing Fund
Ghana Fund
Madrid Fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Designated: Gift Day 2020 Fund
Designated: Building Fund
Designated: Gillard Support
Restricted funds
Parish Nursing Fund
Ghana Fund
Madrid Fund
Redmills Leaving Gift
Ukraine relief
TOTAL FUNDS|At 1.9.21
£
107,857
18,978
129,277
15,000
200
271,312
12,332
(25)
148
12,455
283,767
Incoming
resources
£
175,191
(1)
33,672
-
208,862
10,603
4,439
152
3,441
4,750
23,385
232,247|2022
2021
£
£
-
25
Net
movement
At
in funds
31.8.22
£
£
7,007
114,864
(2,466)
16,512
33,672
162,949
-
15,000
(200)
-
38,013
309,325
(3,582)
8,750
25
-
(148)
-
(3,705)
8,750
34,308
318,075
Resources
Movement
expended
in funds
£
£
(168,184)
7,007
(2,465)
(2,466)
-
33,672
(200)
(200)
(170,849)
38,013
(14,185)
(3,582)
(4,414)
25
(300)
(148)
(3,441)
-
(4,750)
-
(27,090)
(3,705)
(197,939)
34,308|
|---|---|---|
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continued...
Grace Church Salisbury
Notes to the Financial Statements - continued for the Year Ended 31 August 2022
## 11. MOVEMENT IN FUNDS - continued
## Comparatives for movement in funds
|Unrestricted funds
General fund
Designated: Gift Day 2020 Fund
Designated: Building Fund
Designated: Gift Day June 2021
Designated: Gillard Support
Restricted funds
Parish Nursing Fund
Ghana Fund
Madrid Fund
TOTAL FUNDS|At 1.9.20
£
129,041
21,825
-
-
-
150,866
14,191
-
-
14,191
165,057|Net
movement
in funds
£
25,155
(2,847)
38,340
59,598
200
120,446
(1,859)
(25)
148
(1,736)
118,710|Transfers
between
funds
£
(46,339)
-
90,937
(44,598)
-
-
-
-
-
-
-|At
31.8.21
£
107,857
18,978
129,277
15,000
200
271,312
12,332
(25)
148
12,455
283,767|
|---|---|---|---|---|
Comparative net movement in funds, included in the above are as follows:
|Unrestricted funds
General fund
Designated: Gift Day 2020 Fund
Designated: Building Fund
Designated: Gift Day June 2021
Designated: Gillard Support
Restricted funds
Parish Nursing Fund
Ghana Fund
Madrid Fund
TOTAL FUNDS|Incoming
resources
£
189,680
1
38,580
59,598
300
288,159
5,399
2,793
148
8,340
296,499|Resources
Movement
expended
in funds
£
£
(164,525)
25,155
(2,848)
(2,847)
(240)
38,340
-
59,598
(100)
200
(167,713)
120,446
(7,258)
(1,859)
(2,818)
(25)
-
148
(10,076)
(1,736)
(177,789)
118,710|
|---|---|---|
Page 15
continued...
Grace Church Salisbury
Notes to the Financial Statements - continued
for the Year Ended 31 August 2022
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2022.
13. FUNDS DESCRIPTION
Building fund (changed name from “New building”)
The Building fund is an unrestricted fund set aside to allow for expenditure on buildings intended to provide the physical resources acting as centres for the mission of the church both for its own internal work of meeting, teaching and discipleship but also to serve the local communities.
## Special offering funds
The special offering funds are unrestricted funds arising from amounts received in special offerings in 2020 and 2021 for the development of church meetings and also strategic goals.
Parish Nursing (changed name from “Nursing”)
The Parish Nursing fund is a restricted fund to help support of the work of the Parish Nurse employed by the church to provide practical medical, emotional, and spiritual help to those in Salisbury in the communities most in need.
Ghana fund
The Ghana fund is a restricted fund to help support the work of church planting and development in Ghana.
Page 16
Grace Church Salisbury
## Detailed Statement of Financial Activities for the Year Ended 31 August 2022
|Detailed Statement of Financial Activities
for the Year Ended 31 August 2022|||
|---|---|---|
|INCOME AND ENDOWMENTS
Donations and legacies
Donations
General Giving
Gift Aid Tax Recovered
Nursing Fund
Ghana Income
Madrid Income
Charitable activities
Resource and ticket sales
Total incoming resources
EXPENDITURE
Charitable activities
Giving Mission
Junior Church
Event Expenses
Catering & Refreshments
Motor expenses
Salaries
Conferences, Courses & Training
Travel Costs
Office Rent
Telephone
Print, Post & Stationery
Heat & Light
Computer Expenses
Insurance
Entertaining & Sundry Expenses
Repairs, Cleaning & Maintenance
Advertising & Publicity
Venue Costs
Loss on sale of fixed assets
Professional Fees
Bank Charges
Depreciation
Total resources expended
Net income|2022
£
5,000
173,321
42,600
4,585
3,890
120
229,516
2,731
232,247
27,934
603
1,154
3,009
1,753
115,738
763
661
6,000
899
332
770
2,830
1,331
2,712
895
3,295
21,031
387
2,030
179
3,633
197,939
197,939
34,308|2021
£
-
248,113
41,346
4,510
2,410
120|
|||296,499
-|
|||296,499
21,142
457
4,545
141
1,013
121,882
439
2
6,000
1,270
426
555
3,624
1,341
5,945
148
486
3,992
-
2,596
90
1,695|
|||177,789|
|||177,789|
|||118,710|
This page does not form part of the statutory financial statements
Page 17