Charity registration number 1138973 Company regSslratlon numljer 07424076 (England and Wale51 GRACE OF JESUS CHRIST CRUSADE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024
GRACE OF JESUS CHRIST CRUSADE LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mrs L Law Mr8Ng Mr5 S Slieii Mrswu Charlly numbèr 1138973 Company number 07424076 Princlpal addr•88 Poultry Farm Wl8singlon King's Lynn Notfolk United Kingdom PE33 9SD Rogl$lgrgd oHI¢g Poultry Farm Wissinglon King's Lynn Nortolk Uniled Kingdom PE33 9SD Ind•wndont ¢xamin•r Mark A Jackson FCA OChA Azets Weslpolnl Lynch WcN)d PeterborcAJgh Cambridgeshire United Kingdom PE2 6FZ Bank9rs HSBC 85 Lewisham High Slreel Lewisham London Uniled Kingdo SE136BE
GRACE OF JESUS CHRIST CRUSADE CONTENTS Page Trustees. Ipport Ind8p8ndent exatnlner's report Stslemenl of financial activlties Balance sheet Noles lo the flnan¢lal 81al8m8nl8 7-13
GRACE OF JESUS CHRIST CRUSADE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 OCTOBER 2024 Th8 Irust88s pr8sent Ih8ir annual report and financial statements lor Iha y8ar end8d 31 October 2024. The accounts have been prepared in accordance with th8 accounting policies Sel out in note 1 to the accounts and comply with th8 morandurn and Artic18s ol Association. th8 Companies Ad 2006 and th8 Stat8tn8nl of R8comrn8nd8d Pracli¢e, "AorA)unling and Repc)rting by Charitles. 15sued in March 2005. Alms and purposes The Grac8 of J8SLJS Christ Crusad8 IGJCCI is th8 missionary and minist8rial arm of th8 N8w T8Stam8nt Church Sh8 18 the administrative coordinator loi the New Testament Church INTCI and, as such, select. train and post pastors to s*epherd the various local NTC ¢hur¢hes in the United Kingdom. Oblo¢tlv•$ and a¢tlvS15&$ GJCC 15 cornmilted to preaGh the Garnplele salvation ol Jesus Christ Blood, Water and Holy Spirit and Haly Spirit building the New Testamenl Ghurch thoreby uniting all children of God in the truth. GJCC is set up wlh the objective lo advance the Christian religion in the United Kingdom lor the benefit ol Ihe public Ihrough.. l. The establishm&nl and support ol local ¢hui¢hBs and acting as administrativ8 coordinator for Ihts chur¢hg8 and Irainir& and sending pastors lo shepherd the churches 2. Holding prayer meetings, le¢lures. publi¢ celebration ol lIgIOuS festivols, produ¢ing ondlor distributing lilaralure, auclio and in digital lorn)al on the Chrislign tsilh lo 8nlighlen others about tho Chrisban teachings ol the Gospel ol the Lord Jesu5 Christ 3. To adv8nrE the eduGalion t)r the p(Jblio in the principle5 Of the org8niG movernenl, especially ol orgoni farming anirnal husbandry so thai we can 881 healtry. live h881thy and 88t according lo God. (Genesis 1.'291 4. To promgle such other ¢harilable purposes in accordance with Ihelows ol England end Wales os ff oy trom litne lo lirvg bg delerrvined. The trustees have paid due regard lo guidan issued by the Charity Cornm15an in decAding what activities the charity should undertake. Achievoménts and porfomian¢• Promotlng Chrlsllan falth In forms of dlqlt•l Ilteroture, fftudlo ond vldeo fomiats In ord9r to SLJPPOrt membgrs from wide g90graphl¢81 areas In Ih? UK, w¥ conlnue lo provldg mtrs$89¢8 in d1981, audlo 8nd video forrn. These files are available lo the current rnembers of the GJCC lor downlo8d5 via FTP Iree ol charge. Outre8¢hinu the Gospel Based on the Lord Jesus, sacrificial principle. GJCC fredy gives what has been freely received. To let the world, share the oo(>dness ol the gospel, all Grace ol Jesus Christ Crusade publicaliDns, includin9 gospel tracts, poslers and books, are available free of charge. The volunteers of GJCC go oul regularly (weather perrniltingl lo distribute gospel Iracls lo the public. Members olthe public'who are inleresled in joining the congregation are welcome to contact GJCC or any of ils current members to discuss the Full Gospel of Ihe Lord Jesus Christ. The public, il they like. can also request tree lilerature and are welcomo lo vS8ll and or attend our worshlp. Publi¢ ¢¢l•bration of religious fostival$ At GJCG, w8 are comtnittpd to spread th8 saallOn of Jesus Christ Crusade lo the members of the public by organising public religious celebrations 8nd gpe1 outre8oh. "The Book of Ruth" 120-21Aprll 2024) Hostod by Pastor Wu. Delegates from UK, Ireland, France. Gerrnany, Taiwan joined In the discussions. "The Book of Haggal-6.24 r¢bulldlng the t¥mple" 120.21 July 21124) Hosted by Pastor Wu "Tha Mlnlstar of Dawn Llght" 17.8 Sopt 20241 Hostgd by Pastors Wu and Mrs. Shu Shyan Wu Shen. D&l8gat8s from UK, Ireland, Garmany Franca partlclpatod In discussSons.
GRACE OF JESUS CHRIST CRUSADE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Memorabl• days l Rellglous fe$llval$ On c8rt3in metnorable days in th8 New Teslarnent Church's history metnbers galh8r to retn8rnb&r and Lo 8xpr8s9 their gratitude lor God's faithfulness and love. For'this was the Lord's doing., il is marvelous in our eyes. This is the day the Lord has m8dÈ". wè will rèlolcè and b8 glad In bt" (Psalms 118'.23-24i. Examplas of thès8 mèmorable days ar& as b81ow'. F•asl of Tab•rnacl&115-21 Jull= In the Old Testament era. Gad's people celebrale this least to display God's tabernacle- that God's house Ss with men and that God wants to dwell with men and bless them. Tompla loundatlon lald124 S•pl.' Erecting the banner of the New Teslament Church. Feast of Purim113-15 Decl: also known as"Pur m remembrance" Book of Esther, how God caused His people to lum from defeat to victory, from sorrow lo joy, and from sodness lo gladness. The day ol deliverance became a ¢Jay ¥1 feagting and r¥joi¢in9. Pray•r M••tlngs Prayer meetings and Bib study.. We periodlcdlly hold pray8r MeengS and Biblg sludy usually In the tnorning$. Members of public a weltome to allend by ¢onta¢ling GJCC or any rrent members of GJCC. AHendees are fr?& lo share Ih&ir18arning from thè bible ¢hapt8r of tha day. We eurrènlly have g activ& altendeè8 during thè w88k and up lo 29 in Ihe weekert. Br•ad breaking 8ervi¢e (usually on Sunday): The 98r*ic6 is open lo members ol public. Mora Ihan 25 alltrnd888 rrenlly attend this weekly service and we are committed to attract more people to join us in Ihis Holy Communion. Flnanclal rcvlew A total receipt on unrèstrlct8d funds was £31,38612023 . £30,553), The fund wa8 used lo Invest In upgradlng the infrastructure lo enable Grace of Jesus Christ Crusade lo host events suth as seminars Ind conventions as wèll as any fvluie evenls Iha¢ ale allgned io our Ghariiab19 obleGllve. 11 is th8 policy ol the charity that unrestricted lunds which hav8 not been designated lor a specific use should be maintained 8t a level to meet the need ol travelling costs to local churches, lor gospel preaching and convention. Th$ irusiees considar that r8sèivey al Ihis18vel will ensure that, in the trvent of a signifi¢8nl drop in funding, they will be able to continua the cliarily's current aGtivilies while consideration 15 given io ways in vthiGh additional funds may be raised. Thi5 level ol cash reseNes has been maintained Ihroughoui the year. Th8 charlty has no long-tèm invèstment plans. Any surplus funds, which are not Ilkely to b8 n88d•d lo pay lor aCtilIes, are pla¢ed on deposit In the bank lor interest earning. The trustees have assessed the rnajor iisks lo which the Charity is exposed, are satisfied that 8y81em8 arg in pl8¢8 10 miligale exposure lo the major risk6. Slruclur•, gov•manc• and manag•m•nt The charity Is a COpanY limited by guaranleg and a charity registered with Ihe Charity Commission. The trusteès, who are also thè dirèetors for the purpose of eompan>' law, and who served durfng the year and up to thè ale of signature ol the financial slalemenls were.. Nlr5 L Law Ir8Ng Irs S Shen Irswu The legal members ol Ihe charlly are responslble for the appolnlmenl of Iru81&&8. None of the men)bers have any beneficial inleresl in the company. All ol th8 members ol the company guwantee lo contribute £10 in the 8venl ol a iinding up. Thtr charity's trustees are responsible lor the general control and management ol Ihe charity. This indudes deciding on how the funds are to be spent and the activities provided by the charity. In planning our adivib.es for the year, we kepl in mind the Charity Commission's guidance on public benefit at our trustee mee.ngS.
GRACE OF JESUS CHRIST CRUSADE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Th8 lull Grace of Jesus Chri51 Crusade IGJCCI tru51ee5 rn88t tog8ther to assi5l in the 5moolh running of th8 charty, the trustees hae set up a number of sub-cornmiltees, each responsible for a parii¢ular aspect of the ch3itYs work. These $utrFcornmittees namely worship, missiorn and outreach, managément and upkeep of tha building 8nd finance, are all responsib18 lo the GJCC. Th8y are required to r8POrt back with th8ir recomrnendations to Ihe full rn8eling of GJCC trustees and discussed as necessary. The Irusle8s' report was approved by the B02rd of Trustees. Mrs L Law Truslee Dated., 23 July 2025
GRACE OF JESUS CHRIST CRUSADE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GRACE OF JESUS CHRIST CRUSADE I report lo the tru5lee5 on rny 8xaminalion of lh8 financial stalem8nt5 01 Grace DI Jesus Christ Crusade Ilh8 charity) for th8 year ended 31 Odober 2024. Ro$pon$lbllltl&$ and b¥sl$ of roport As Ihe trustoes ol tho charity land also its directors for the purposes of company lawl you aro responsibla for the pr8paration ol the financial statements in accordanc8 with the r8quirom8nt5 01 the Companies Act 2006 Ilhe 2006 Act). Having satisfied myselllhal Ihe financial slalemenls of the charily a not required Ir> be 8udiled undèr Part 16 rf the 2006 Ad and are eligible lor independent exarninalion, I report in respect of my examination of the charity's linanoal statements carried out under section 145 01 Charities Act 2011 Ilhe 2011 A¢tl. In carrying out my examination I have followed all the applicabl& 01r.n$ gDi¢n by Ihg Charity Commission undor Sec0n 1451511bl of Ihg 2011 Act. Ind•p•nd•nt •xamln•r's stat•m•nt I have completed my 8xarnlnalion. I conllrm that no rnallgrs have corn8 lo my atlentlon In conn8cllon wllh th8 8xamlnallon giving me cause lo beliave that In any material r8SP8cI'. accounting records were not kept in respect ol the charity as required by section 386 01 the 2006 Act; or the financial statements do not ac¢ord with those records., or the fir)anclal stal8ments do not comply with thè acixjuntlng r8qulr8ments of section 396 of th8 2006 Act othèr than any requirernenl that the aceounts give 8 true and lair wew which is not a mailer considered as part 013n independent examination., or the financial stalernent5 have nol been prepared in accordance with the methods and principle5 01 Ihe Stalernent of Recommende¢ Practlce for a¢VntIng and reportln9 by charSbes appllcable 10 ¢harllSes preparlng Ihelr a¢¢ounls ¥¢wrdance wilh the Fin¥n¢ial Rgportino Standard applicable In Ihg UK and Rgpubli¢ ol Ireland IFRS 1021. I have no concerns and have come across no other matters in conneC.0n wilh the examination lo which attention Should be drawn in thi$ report in ord¢r to gneb19 a propor understanding of thg financial slalgments to bo rga¢hod. lark A Jackson FCA DChA Azets Westpoint Lynch Wood Peterborough Catnbridgeshi PE2 6FZ Uniled Kin9dom D81$d, 30 July 2025
GRACE OF JESUS CHRIST CRUSADE STATEMENT OF FINANCIAL ACTtVlTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2024 unrtrict• Endowmènt funds funds dgslgnated 2024 Total Unre8tri¢tod Endowment fundB funds dgslgnated 2023 2023 Total 2024 2024 2023 Income from= Donations and legacies Investments 29,522 1,764 29.622 1.764 29,892 661 29,892 Total ineome 31,386 31.386 30.SS3 30.553 •ndlluro on.. C,harilahlp Hr,tiviliÈs 23,956 23,956 27.483 27,483 Net Income for the yearl Not movèmont In fund$ 7,430 7,430 3,070 3,070 Fund balances at 1 Ntsvèmber 2023 21,289 34,244 55,533 18,219 34,244 52.463 Fund balan¢9$ at 31 Oclobgr 2024 28,719 34,244 62.963 21,289 34,244 55,533 Th8 slat8m•nt ol financial activiti8s includas all gains and loss8s r8cognis8d In thè yèar. All in¢om4 end 6xp8ndilure derivo from continuing a¢tivilies. Th& 8laternonl ol financial a¢tivili&y also ¢omplie$ with tha r6quirm&nl$ for an income and xpondilursY account under th• Companies Act 2006.
GRACE OF JESUS CHRIST CRUSADE BALANCE SHEET AS A T 31 OCTOBER 2024 2Q24 2023 Noteb Flx•d ass•ls Tangible as(5 10 560,fjfj8 561,340 Currènt assèts Debtors C8sh al bank and in hand 11 1,982 107,831 118,095 118.095 109.813 Creditor8: amounts hlling duo within ono y•ar 12 181 J,8001 161 Jf,6201 Net current liabilitr'es 1497,7051 1505,8D71 Total assets less current IlabllltleB 62,963 55,533 Incoffl• fundg Unrestricted ILJnds Dcsignatod lunds G8n8ral unrèstricted funds Revaluation reserve 13 34,244 180.0811 108,800 34,244 187.5111 108.800 62,3 55,533 62.963 55.533 The cornpany is enlilled lo the exemption from Ihe audit requirement ntained in sedion 477 of the Componies Act 2006, lor the year ended 31 O¢lober 2024. The directors acknowledge their r6sponsibilili?s lor complying with the r8quiremenl$ ol thé Companles Aet 2006 wlth respect to aceounts'ng reetrrds and th6 preparallon ol linanaal siat8m8nls. The member5 have not required the cornpany lo obtain an audit of its financial statements lor the year in question in accordance wilh section 476. Th¥s• financlal slatsm•nts havtr L¥n pr•par8d in accordance wlih thtr provlsions applicabl8 to CL)mpanis subitrcl to tha smèll cornpaniès regimÈ. The financial statements were approved by the Trustees on 23 July 2025 Irs L L8W Trusteg Company Règlstratlon No. 07424076
GRACE OF JESUS CHRIST CRUSADE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 Ac¢ountSng pollcle8 Ch8rity infowmation Grace ol Jesus Christ Crusad815 a private cornpany limSted by guarant88 Incorporalod in England and Wales. Th8 r8glsterod officè Is Poultry Farm, Wi5singlon, King's Lynn, NLrfolk, PE33 9SD, United Kingdom. 1.1 Accounting conventlon Th& financial stalem&nts hav8 b88n pr8parèd in aceordanc& ivith lh8 d)arity's gov&rning doeLJm8nt, the Comp3ni8$ Act 2006 and Accounting and Reporiing by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Finanaal Reporting Slancjard applicat)le in Ihe UK and RepuLilic of Ireland IFRS 1021" las amended for aecounting p8riods comrnènelng from 1 January 20161. Th8 charity is a Public B&n8fil Enllly as defin8d by FRS 102. Thè charlly has taken advantage of Ihè provisions in thè SORP for charlliès applylng FRS 102 Update Bulletin 1 not lo prepare a Slalem8nt ol Cash Flows. Th8 Ilnancial slalements ar6 prepared In 51erllng, which15 tho luncllonal currency ol th8 charlty. Mon8lary amounts th8sa linanclal stAlem8ntS 8 round8d to thè n8ar8st £. The linan¢i81 stalements have been prepared under the histori¢al ¢ost Conven'0n. The principol acoounting policies adopl&d are s&1 out below, 1.2 Going conc•m At the Iirne ol approving the financial slalernenls, the tru5te85 have a r8Bsonabl8 expeclatson that the chanty has adequate resources to continLJe in operational existence for the foreseeable future. Thus the trustees conbnue to adopt th8 going concern basls ol accounllng in prep8rlng the fin8n¢ial slalamenls. Thls Is depend8nl on the conllnued suppori ol those who have loaned OneY to the charity, which is not exp&cted to be withdrawn. 1.3 Ch8rlt8blo fund$ Unre51ricled funds are available for use at the discrellon ol the Iruslees In further8nce of their charllable objeGllves. Restricted lund¥ are gubj8et 10 specrfie conditions by donors as to how they rnay be used. The purposes and us99 01 the restricted fUS are sel out in the notes to the linanoial statements. EndowmÈnt lunds a subjèct to spèeifie condltions by donors Ihat thè eapital musl ba maintainèd by the charfly. 1.4 Incornlng resources Income is recognisad when the charrty Is ltrgally 8nti118d to Il afl8r any perforrnanc# conditlons havè b##n mat, th# arnount5 be eaSured reliably, and it 15 probable that incorne will be rec8ived. Cash donations artr r¥cognis¥d on rèceipt. Other donations ar¥ recognisèd onc¥ th¥ charity has bèen notifièd of the donation, unless perforrnance conditions require deferral of the atnount. Income tax recoverable in relatio to donations received under Gift Aid or deeds of covenant is recognised al Ihe time of the don8ticffl. Legacies are recognised on receipt ar othemse if the charity has been n(rtified of an irnpending distribution, the amount is known, and receipt is expected. If the arnount is nct known, the legacy is treated as a contingent asset. 1.5 Rgsour¢¢s oxpondgd All reSoUrS expended are accounted for gross. and in the period In whh they are incurred. VAT is not racovarablè by thè charity and as such is includsd in tha rèlvant cosis in thè Statamenl ol Financial Activities.
GRACE OF JESUS CHRIST CRUSADE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 A¢¢ounting policies Icontinutdl Ch8ril8ble epend1tU ¢omprise$ those eo8ts ineurred by the ¢h8rity in the delivery of It$ 8¢tiVilie8 8nd services loi Its benefiaaries. It Includes btslh costs that can be allocated directly to such activities and Ihose crtsts of an indirect natLJre nècessary to support them. GovernBn¢e cosls include those cosls associated with rneeting the constitutional and statutory requirernents of the charty. 1.6 Tanglble fixed assets Tangible fixed a£sets are initially measured al cost and subsequenly measured al Gost or valuation, n8t ol depreciation and Bny impairment losses. The charity adr)pted the transitional rules on adoption ol FRS102 and have $lcted lo uga a historic valuation as d••mod ¢o$l for th nr()p#rty. Depr8ciation Is rOgnISed so as to writ8 off th8 cost or valuallon of ass8ts18SS th9ir reslclual valu88 over Ihélr useful lives on the following bases.. Land and bulldlngs Plant and machinery Fixtures, fittings & equipment Hald al valLJatlon 1 Solo pa on cost 10% pa on cost Th8 gain or loss arlsing on thé dlsposal ol an asset Is d8termin8d as the differencè balw8&n th8 sale prOCdS and the r.arryino vAliiA r)1 lh• H%%Atr, And is rfvMonls•d In IhA 8tAlemAM nf IlnAnr.IAI ae.livities 1.7 Impalrmgnt of flxad assets Al ea¢h reporting end date, the ¢harily reviews the ¢8rrying 8mounts of it6 13ngible 8ssels to determine whether there is any indication Ihal those assets have suffered an irnpairmenl loss. 11 any such indication exists. Ihe recoverable amount ol the asset is estimated in order ID delemiine the extent ol the impairment loss lif anyj. 1.8 Ca$h •nd cosh equivalentg C8sh and cash equivalents Include cash in hand. deposits hdd at call wilh banks. Other short-term liquid investments with origin81 m8lurili88 of three months or188$, and bank overdrafts. 88nk overdrafts 8r& shown within b(>rrowings in 1.9 Flnanclal Instrumènts The charity has elected lo apply the provisions ol Section 11 '8asic Financial Instruments, and Section 12'0ther Financial Inslrurnenls Issues, ol FRS 102 to all of rts financial instruments. Financial inslruments are recogni5ed in the charity's balance iheel when the charity becomes party to the contractual provlslons of lh9 inslrLJmenl Financial assets and liabilitie5 are offset, with the nel amounts pre5enled in the financial 5talernenls, when there 15 a legally enforce8ble dght io sgi off the re¢ognlsed amounts and thgre Is an Inieniion to s&itle on a n?1 basls or to re8ll$e the a8sel and seille the liablily sirnullaneously. 88sic financial assets Baslc flnanclal assets, whl¢h Include debtors ancl cash and bank balances. are in111811y measuretj al Iran8acllon prf¢e induding Iransadion costs and are subsequently carried al afftorts'sed cost using th& effective interest rnelhod unless Ihe arrangemenl constitutes a linaneing trBnsaction, where the Iransaction is measured at the present value of ihe future re¢elpts discounted al a market rale of inlerèsl, Financk918ssel8 ¢lassbfied as receivable wthln on& year are not amortised.
GRACE OF JESUS CHRIST CRUSADE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 A¢¢ounting policies Icontinutdl Basie financial lithbiliti&$ Basic financial liabilities, including creditors and bank loans are initially recognised at transaction pri unless the arrangen)enl constitut$s a financing transaction, wh*ro the dobl instrumonl is measurgd al Ihe prèsènt value ol th$ future payments discounted at a market rate ol interest. Financial liat)ilities classified as payable within one year are not amortised. Debt instruments are subsequently rarried al arnortised cost, using the effective interest rate methixj. Trade creditor$ ar8 obligations lo pay for goods or services Ihal have been acquired in the ordinary coursg ol operations from supplier5. Amounts payable are ckssilied as current liabilities if payment iy due within one year or less. 11 not. they aro presented as non-currcnl liabilitios. Trade crcdilofs aro rocognisod initially al transaction price and subsequgnlly rveasured al amortisgd using tbg effgclive inlerest rnelhod. DwKognltlon of IlnanGlal Ilabllltles Financial li<ibilikn'es are derecognised when the ch8rSty's contractual obligation5 expire or 3re discharged or cancelled. Crltlcal accountlng estlmates and judgements In the applicalj'on of Ihe chaiily's aoUntIng policies, the Iruslees are required lo make judgenEnls, eslimgles and assumptions about the carrying atnounl of as8el8 and liabilities Ihal are not readily apparent from other sources. The estlrn8te8 and associated as8umplion3 are based on hi3toric81 experience and other factory that ere considered to be relev8nl. Actual r08u119 may dlffer from these e8llmal8s, The eslimale5 ond underfying assumptions are reviewed on an ongoing basis. Revisions to ac£ounling eslimotes are r¢¢ognisod in the p¥riod in which Ihg &slim819 is revisgd wher9 Ihg revisv)n 8ffo¢1s only Ihal pwod, or in the pgriod ol the revision and futur8 peri5 where Ihe revision aff8cls both current arKI fLilure periods. Donatlons and Ipgacleg Unr•strlcl8d Unrostrlctgd funds lunds 2024 2023 Donations and 29,622 29,892 Investments Unr•slrlcled Unrostrlcted funds lund$ 2024 2023 Interesl receivable 1.764 661
GRACE OF JESUS CHRIST CRUSADE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Charltable actotIes Advon¢*m¢ntolFHrrn %upply the Chr15118nPrpviDusIy rfyllglonGFrizim Total 2024 Total 2023 Deprecialion and impairment Pr8rnises costs Travèl lor èvangalism Offl¢8 costs Motor expenses Bank Gharoes Ministry expenses Fami supply 672 15,220 57 1,258 2,799 67 29 672 15,220 57 1,2S8 2.799 67 29 614 5,492 14.570 1.1(14 2,762 60 614 20,102 614 20,716 24,3 Share of governance costs Isee nole 61 3,240 3,240 2,580 23,342 614 23,956 27.483 support costs Support ¢tfy Gtw•man¢o costs 2024 2023 Ba$1$ of allocatlon Indep8ndenl eXInatiOn 3,240 3,240 2,580 Governance 3,240 3,240 2,580 Analy5ed bolw¥en-. Charilable activrties 3,240 3,240 2,580 Trustèès None ol th8 trust8es lor any person5 connected wth Iheml rec8iV8d any r8rnuneration during the year. Employees The averaoe monthly number ol employees during the year 85.. 2024 Numb•r 2023 Numbor Total 10-
GRACE OF JESUS CHRIST CRUSADE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Employ•¢$ Icontinutdl There were no employees whose &nnu81 remuneratitsn w88 more than £60,000. Taxatlon Th8 charily is 8xetnpt from tax on incorn8 and gain5 falling within section 505 of the Taxes Act 1988 or section 252 01 the Taxotion of Chargeable Gains AGI 1992 to the extent that these are epplied to its Gharitable objeGts. 10 Tangible fixed assets Land and bulldlng Plant andFlxture¥. fittlng8 m•¢hln•ry a •tylpmn¢ Total C09t vr valuatlon At 1 November 2023 560,000 33,923 6,726 600,649 At 31 October 2024 560.000 33,923 6,726 600,649 Depreclatlon and Impalrment At 1 Novèmbèr 2023 Depreciation charged in the year 33,923 5,386 672 39,309 672 At 31 October 2024 33,923 6,058 39,981 Carrylng amount Al 31 Oclober 2024 560,000 668 5fj0.e68 At 31 O¢tober 2023 560,000 1,340 5fj1,340 Land 3nd buildings with a carrying amovnl or £480,000 were rev81ued during the Bccounling period lo 31 October 2016 by in¢pgndnt valu¥rs not ronnctsd ¥vilh th¥ ¢hari¢y on th? basis of marh•t valug. Al 31 October 2024, had the revalued assets been carrled at historic cost less accumulated depreclatlon and accumulated Impairment losses, their Carrying amount would have been 8pproximalely £480,00012023 - £480,000>. The revaluation surplus is disclosed on the Balance Sheet. 11 Debtors 2024 2023 Arnounts falling due within one year.. Prepayments and accruad Income 1.982 11
GRACE OF JESUS CHRIST CRUSADE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 12 Credllors.. amounts falllng due wlthSn one year 2024 2023 Other creditors Accruals and deferred income 613.040 2,760 613.04Q 2,580 61 J.800 Included in other creditors are loans made to the charity tolallin9 £613,040. These loans are unsecured, interest free and hav¥ no fixod r$paym$nl l¢rms. The Gredilors have iiidiGated their oiigoiiig SUPPDrt for the work of the Gharity aiid will not Lie requiring repayinenl of the loons until there are suificienl funds in ihe Chorily. 13 D•slgnat•d funds The income funds ol the charity Include the lollthng designated funds whl¢h have been set aslde out ol unrestricted funds by the trustees for specific purpose5'. Movement In funds Inromlng r••ourc•s B•lin¢• l N•¥•mb•r 2023 Bal&n¢• •t •ywnd•d 31 O¢iobèr 2024 Fixed ass8t fund 34,244 34.244 34,244 34,244 The fixed assel lund represents funds that have been invested in propety and the b81ance coriied fonmard equates to the nel book value of Ihe prop&rty.188s the value of Ihe108n borrowtsd against the proparty, less the rev8lu81ion reserv8. 14 Analysis of net a$8•t$ belw••n lund$ Unre¥tricted Designated fund8 funds 2024 2024 Totsl Unrestricted De¥ignated fvnd8 funds 2023 2023 Total 2024 2023 Fund balancès al 31 October 2024 are represented by: Tangible 8ssels Currènl assètsllliabili11g$1 668 28.051 560,000 1525,7561 560,668 {497.7051 1,340 19,949 560,000 1525,7561 561,340 1505,8071 28.719 34,244 62,963 21,289 34,244 55,533 12-
GRACE OF JESUS CHRIST CRUSADE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 15 Relatsd party transactSons The were no d6¢1osable related party transactions during the ye8r12023- none). 13-
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