Charity Registration Number: 1147160 FOREST OF DEAN COMMUNITY CHURCH forest b Financial Statements Year ending 31 December 2023
FOREST OF DEAN COMMUNITY CHURCH Flnanclal Statemants For the year ondlng 31 December 2023 Contents Pagg Trust Information Trustses Report Independent Examiners Reportto the Trustees Reip1S and Payments Account Statement of Assets 8nd LlabTlities Notes to the accounts 10-14
FOREST OF DEAN COMMUNif( CHURCH Trust Infomiadon Status Forest of Dean Communty Churth, Cinderford, 18 registered wth the Charity Commissione (No.. 1147180) and consbtuted by a Deed of Trust dated 14th March 2011 The Charity is administered by tho Trustees: Mr S Annetts {r*sign&g 4 April 2023) Mr TC Cracknell (Chairl MrJ Jones Mr R Vale {apF<•in18d 4 April 2023) Mrs A Swanson Mr K Johnson (appointed 23 January 20241 Mrs A Taylor4iobert8 (ReSned 8 October 2024) Mrs M Wlliam$ IResl9ned 8 OctoLw 20241 Some of the Trustees also comprfse the senicf badership team. with Mr R Angell lappoinled 1 May 20231. The Twslees also COrnPTise the Finance Committe8 With the addtb'on of Mr5 C Waker1ey as Treasurer during 2023. Mrs Wakerley resigned as Treasurer on 31 January 2024. with Mr D Jon8s appointed on 1 February 2024. Western Countles and South W4le8 Evang•llsation Trust a the custodian ITUStees of the church womises at Station Street and 2 Parragale Road, Cinderford., and the church premi885 in Henry Street, Ross•on-Wye. The charity operates frcm physical locations- boing Forest CommuThty Church in Cinderford and Wya Community Church in Ros$-on-We; as well 3s online. ChuKh oincè and R8glJtsred 0ffl¢o Station Street Cindarford Glos GL14 2 Bankers HSBC The Cros8 Gloucester GL12AP Lloyds Bank Oldham130926> PO Box 1000 BX1 1LT
FOREST OF DEAN COMMUNITY CHURCH Trust•es Report For the year andlng 31 December 2023 Th& Injstees, submit thèlr annual port and financ1 statsments forthe year ended 31 December 2023. The trustees have adopted Ihe provisions of thè Statement ol Recommended Pr8clice IFRS1a21'A¢counling and RerM)rtSng by Charities, in preparing their annual report. The financial statements have been prepared in accordance wlh the aceountlng pollcie8 Set out on page 10, and comply wlh the eharity's governing documentation, applicable law and the requirernts of the SORP. Con3t5tutlon The tharty Ss an unlnts)rporated charity and Is govemed by its Trusl Deed. Object of the char To advance the chr113n laith, in accordance Iwth the Statement of DoclrinÈs and Practice5 Sèt out In the Schedule appended to the deed, rnainty but not exclusivgty in the Forest of Dean and e V81* araa. The purpose of the charty is to 5erv8 th¢ Lord Jesus Christ in acCordarwith Biblical principles and practice and a5 the chartty trustees see frt. - To advance evangelical Christianty in acWrdzn writh the Scriptures in the Bibk. - To advance cthzenship and communty dwelopmoni. - To rellevè those in need as resources and opportunity allow. This purpose may be PWSLbed anywheo in the United Kingdom or Ihe world at the diSCretn of Ihe charity trusteas. Slru¢ture. g¢)wernan¢e and rnanogernent The charity is uttimately run by the Tiustees. The Trusiees have the authortyto exeT¢ise théir powers to further the objects of the charity. The TfU5tees tn88t at least fourtirnes a year but delegate the dayto day decision making on the wnning of the Church lo the Senior Leadership Team,. who Are also COvOPted onlo the Trustees bul the alm 1$ foi SLT lo not mak8 up more than hall of the Trustees. The Senior Leadership T88m meÈt formalty twiee a month tD conshl8r the man8gefflent and pastowl newts of the felloknEhip. Ew fLrture Trustee shall be app)inted by3 resclulion of Trusiees pass at a sperAal mee11r. Tralnlng Is available for Trustees as the need arlses. The Trustees lake responsibility for the rnanagement of risk and have set up a team of Senior Le3ders to identity, assoss ar mllgale areas of rfsk. Objgcllves and actlvitie The charity ftjlfils 118 objective5 in accordae th the Chh,$ slalernent of faith 88 written on the church website IfcchuTch.co.ukl. There are many aCtthes that are organised for the benefit of the ehurch and the ¢ommunty it seryes. These consist ol Administration. Prayer ministry. Sm811 gioups, Parnnt Carer & Toddler groups, Bridge for young people, Christian8 against Povety, Music, Men's events. Cave Tlme, GI Women's Ministry, Craft Club, Children & Youth chuh, Ouest Club children. Creche, Chutd) Services wth Ets welcome team, Technical, Online team, Pastoral re and Finanee.
FOREST OF DEAM COMMUNrrY CHURCH Trustees Report (¢ontlnuedl For the year ending 31 December 2023 n addition, the charity encourages the principb of"Generosity' by aimlng to give 20% of our giving to outside minLstries who support our values and objectwes on the basis of need. There ar? no upper or lower limits of support. No commitments have been madè for bng term support. Related partles The Trustees receNeil no remuneralEon as a resuli of Ih8lr during the year. No Tmstee. or other person related to Ihe charity, apart from as detailed in note 9, hJ any personal inlerest in 8ny contract or transaction entereil t0 by the charity during the year. Revlew ofdevelopments We praise God ftsr his splrilual, practical and ffinaThcL41 provision throughout 2023. Ai the tl([e were well organised by people freety giwno of their time and abl1rtS. The Church tsam18aders C(rdinate these activities and meet iegul8rfy with the Senior Leadership to suggest and makè recommendaOn$. As mentioned in the Trustees report in 2022, LM)th Richard Angell and Michelle Williams joined the Senior Leadership Team on 1 May 2023. The Stsff team was also strengthened by the addition of Mr D Hawken on 1 November 2023 as a trainee lamity and outrèach worker. We werè 88d to say goodbye to Mrs A Taylor-Robert$ ag 8 staff mèmber and Senior teader when she left for new pastures al the end of May 2024. Thv chuTch conlinues to meet ¥n iwo physical locations. Cinderford and Ross-on•Wye. and it has WOTked èxtr8rnely well. It means that the new fledgeling church in Ross benefflts from accesslng resou$ of the larger more established church in Cinderford and it 15 8atisfying to see Ihe growth 28 a re3ult. Due to our continual investment in online technology our Sunday 5eNices are ngw interactive be¢w£en the CinderfoiEI and Ross Ghur¢h locations. Part of the s8rvice now come8 from each venue and has helped to eal& a wonderfulty engaging dynam¢c which is proving to be greaNy appreciated by both congragatityn8. Our online church continues YouTube. FabOOk 8nd Instagram but now that Covtd is not the Strh¢ting facior that it was, we are using it more as a shop window for new people to explore as a firsl slep before comlng lo visit, and for th¢188 who are unable to joln us on Sundays due to illness. Therefor8, it ctsnunues to play an Important part in church lrfe. The Ross ¢hurch building built in 1866 has had little money spent on il from SO yes so it was in fteed of some sefiOUS rnaIntenan and refutbtshmeDt This was started in March 2023 when £12,000 wa5 spent on maintenance for the roof. There is also a great need for new toilets. repairs to an outside w1 and we would like to make the patio area morg usable. This would 6nable us to tske better advantage of the location with a large footl811 passin9 by eaoh day for a coffee shop se ministry to sarve the oommunty in the future. In September 2024 work started on the ioilet8 and palio. Our Cindèrford building is belng used mo81 days ol the week lor a e fangè of events whleh brfng spirftual Ilfe and practical help indudlng FocMJbank, Alcoholics Antsnymous and Nar)ll¢S Anonymous to our communty. Thè Ross building is also increasingty belng used for the sarne purpose tOC, including a cornmunty cafe each k, earers group and men'3 and women's mini%ty m6etings in bothy Cinderford and Ross.
FOREST OF DEAN COMMUNITY CHURCH Trustees Report Icontlnuedl For the year &ndlng 31 December 2023 Publle benefit statement Identifwble 8en8fil4 lated to Ihe aims of the charity Through tho regular worship & kyayer meetings, bits studies. children5 clubs. wcLql aclKJn programmes and rersonal visitatioTr the Christian faith is shared and peoplg in the cornmunity helped. Indlviduals h8vè become Christians, had their faith developed and Irfe$e5 imp8ctsd. As part of commtjnty lrfe famllie$ have been supported. BenefIG& In additson to Church memb8rs, frdrnilies, other regular attendees and friends anyone is welcorne to atlend appropriate evènts wfthoul reStrtion. We seek to be available to all In the community. The Twslee5 consider Ihat they have Complied their dthies under the Charitles Act 2011 to have due regard to public benefft guidan published by the Charit18s CoMrni58n. Res•Ne5 poII¢y The Trustees have a pdicy to retaln three months core expendfture and redundancy wsts in reseNes at any one tirne to protecl againslvol8ti1ty ol incorn8 8nd retain reserves of £45,ODO. This has increase(S trom Ihe preVu$ yearto reflecl greater runnkng costs and commitments. At any one time we aim to maintain a minimum balance of £2,000 in the HSBC current account so that any emergency or significant expenditu may be paid without embarrassment. The Trustees a aware that res8rwe& a currentty above this threshold at the year 8nd but recoynise that the reserves also include a fund set up for much needed signthcanl future developments in LN)th CiThlerford and Ross and th1$ fund Is bein9 built up as seed money to kick start thw off. The trustee have deskJnated a separate Projects Fund whlch has been inCsed to £100.0(K) in the year after a further transfer of £40.000 during the year. This fund has been set aside for larger projects to fvture proof the ¢hurch whlch the church has yel to d•de upon. Ri¥k management policy The operations team review and update the risk mangggrnent Olcles of the churdi on an annual basls. The principal risks CUntIY K8ntrf, and strategles for man8ging those risks are 8$ fdlows: Adequate fund5 to meet Commitments. Artdressed through the preparatK)n of an annual budget., regular monitoring of incorne and expenditure by treasurer and monthty revw by the Truslees. Employment commltrrenls. These are addressed thraugh having contracts and poIleS In pl8¢s as w611 as line rnanagemenl. Safeguardlng vulnerable adults and chlldren. Addressed Ihrough a Safeguarding orricer, Chik Protects'on and Safeguarding pDIKy kept up to dale through review, tralnlny and belrrfJ a membor of Thlrtyone-.elght.
FOREST OF DEAN COMMUNITY CHURCH Trustees Report Icontinugdl For the year èndlng 31 Dec•mbgr 2023 Heatth and safety on church PFerniEè5. Addressed through a member belng tasked to monitor the condilv)n of premises.. fire drills.. wuiar maintenance,. promoting the to &)nshler heatth safety during aCtivitS. Risk 85se55menls are in Pla and regularty Viewed. - General Data Protection Regutsuon IGDPRI This has been addressed by registerfng wlth ICO, priyary PDlicy has been developecs and put on Ihe Church wete. Personal dats has been idet1lTd as to where it reshaes, and it 1$ stored in a secure bcabon using Churchsuite. Results and financial revlew Ther8 have been some paid staff thanges owthe last yearor so. Our pastor MrT Crackndl. continue5 to be contracled to work forthe church on an emplyed basis but Mrs A taylor-RobertS, who was employed 8 Development and Thgilal Director throughout 2023, left our employment on 31 May 2024. Throughout 2023 an assistant had been employed for 10 hours a week to he wrth chvrch administration, but also came to an end on 6 June 2024. However Mi D Hawken began employment as a Irdinee famity and outreach workw based in the Ross localion on 1 November 2023 and continuos to be empwd In thts rok. The rtst of the Church rok5 are filled on a voluntary bas without remuDerakn otherthan the T&imbur8ement ol exp8nses necessarily Incurr&l fvlfilling Iheir actfvilies. During Ihe year ourgenerdl incorne in(¥eased from £143,559 in 2022 to £185,856 lor th6 year ending 31 DecBrnber 2023. Thi8 is thanks lo some largè one off gifts which the trustees agreed to transfer lo the Project Fund. This is a designated fund set-asKle foT l(rture dèvelopment. As 8 resvtt the d88Tgn8ted fvnd currentty stands at £100,0(k).. the tFUStees intsnd to grow this fvrthor a5 gNing to the charfty allows. Genèral fund expendilltre incraasèd from e106,453 to £132,732 In the yearending 31 December 2023. The n)ain reasons being in¢reased empbyment expenses and much higher ulility tsjsts. The chathy malntalns three restriced lunds. The traning fijnd which rw£Ned £1.198 01 inrne ané has £1,101 of fvnds carrfed foThvard due to mintmal expenditure. The bullding fund whith received income of £15,000 (including £10,000 of grant5 trom trusts) and a tfdnsfer from the General Fund of £5,737. Thesefvnds We used to repairthe ch¢Jrth roof and upgTade the AV technlcal equlpment at Ross.
FOREST OF DEAN COMMUNITY CHURCH Trusteès Report l¢tsntlnuedl For the year endlng 31 DeceMr 2023 Statement of Trust8e8 roBpon$lbllltl•s Chafity law requires truslees to prepare accounts for 8ach financ year which give a tnje and fair wewof Ihe state of affars of the charity and ofthe profil and loss ol thè Charity forthat Feriod. In preparing Ihese Ullts. the Trustees are reouifftd lo". Seled suitatde a¢countiTra policies and then appty Ihem ryjnsistentty. Make adjustmÈnts and estimates that are reasonable and prudent. Prepar? Ihe accounts on a going concem ba515 un18S5 rt is inappropriate io presume that the charty will ntinUe in operatlon. The TrusteEs are responsible for keepino prwr accounlirs records which digck)se with reasonable aeeuracy at any time the financial position of the Charity and enabjelhem to ensure that the accounts Comptywith the Charities Act. They are also responsib for safeguarding the assets ofthe Charlty and h8n take reasonaty steps forthe pr8ventlon and detection of fraud and other irregu18rities. The Trtsslees confimi Ihattho accounts oJmpty*ith Cornt statutory requir8ments and those of Ihe Charity5 Trust Deed. STrJned for and on behallof th8 Tru8tee$ of Forest of Dean ComrnuntyChurGh Tnjstaa
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FOREST OF DEAN COMMUNrrY CHURCH I report on the accounts of thè charity forthe year ended 31 Decembgr 2023, which 8re set o pages 8 to 14. Responsibllltles and basls of thls rèport The chafjlls trustees aTr responsible for the preparation of the anIs. The charitls twstaes eonsmler that an audit is not required for this year under sect 144 of the Charitses Act 20111thè Charttles ACO and that an independent examination is neerled. It is my responsibilty to.. ex8rn1ne th8 account5 under sethon 145 of the Charit$ Act.. 2. to follow the procedures lahl dovm in the general Directions gNen by the Charity Commlssion lun¢er 8e¢lion14515llbl of the Charitss Act),. and Ind8p8ndentgxamln¢e6 statemont I have complèted my examiriqtioTr. I confkm that no materol mattors have come to my attenth)n in eonn&tion *ith the examination gNing me c¥Jse to beli8ve Ihat in any material respect.. accounting re¢ords were not kept in rèspect of the charity as requ1d by sectk)n 130 of the Charities Act., or 2. the accounts do not accord 1th those accounting records. I have no concems and have come across no olher matters in con[tion wth the examination which shtsuld be drawn In this report In orderto enable a proper undetstandlng of the accounts tr) be reached. ent Examiner Mr SR Bennett Chartered Accountant Orchard End Brrdge Lane Wellinglon Herefordshlre HR4 8AY
FOREST OF DEAN COMMUNITY CHURCH Receipts and Payments Account For the year endlng 31 December 2023 Total Funds 2023 Totsl Funds 2022 General Restrl¢t•d Fund Fund5 Nots Recelpts Vduntary Receipts Regular gNing from members Planned giwng CO1ClnS Incomè Tax recovered Wyg Church gift 78,882 5,143 23,896 960 79,842 5.143 23.896 76,814 2,687 13,088 11.382 10 Other voluntary reoipls Activities for generdling funds (rent} Receipts from church activttles Grants received Investment income Total incom• 65,832 9,245 1,778 7,509 73,341 9,245 1,775 10,(KIO 1,083 18.469 204,325 42,100 9,085 1.598 3,500 100 160,354 10,000 1.083 185.856 Payments Costs (rf gen8r8ting funds Fundraising costs Church actmties Grants payable ImissioTr grfisl Total payments 113,767 18,975 132,742 20,834 134.801 2.214 21,189 23,048 155,790 100,046 25.026 125.072 Excess Recelpts ov•r Paymènts 53.114 14,579} 48,535 35.282 Transfer5 btheen funds 15,7371 5.737 Nèt movèment on funds 47,377 1.158 48,535 35.282 Funds brought foNrnrd 128.621 68 128,689 93.407 Funds carrled fornvard 175.998 1226 1TI 224 128689
FOREST OF DEAN COMMUNITY CHURCH ststement of Assets and Liabilities As at 31 December 2023 2023 2022 Note Fixed assets Premises al 2 Paragate Road, Cinderford Portac8bin 168,645 12,960 181,605 168,645 12,960 181,605 Cash fvnds HSBC Current account HS8C Money Ma$ler account HSBC Supplies account HS8C Projects account Lloyds Buslness Instant 8wount Lloyd$ Toasurer acLount HS8C Money Market- 3 month HSBC m(eY Market- 6 month 11,373 2,298 628 6$4 26,242 36,029 50,000 50.000 177.224 55,122 36,454 695 844 26,013 9,7e1 128.689 Si9n8d for and on behaff of thè Trustaes of Fore$t of Dean Community Churth
FOREST OF DEAN COMMUNITY CHURCH Notes to the aGcounts Forth• year endlng 31 December 2023 1 Acc(¥unting Poll¢les The Pri1paI ac¢¢xJnting pole$ a sUmmariS below. The accounting policie5 have b8en applied conststelltty througul the year and in the preceding ye8T. 8a$ls of ac¢ountFng The financial slatements are prepwed underthe historical c05t convention wElh ltsms recegnised at cost or tranwtk>n value unl88s ¢heSe staled in the relevant notes tothese 8¢counts. We ¢ usinll the Receipts and Payments basis. Fund accounn The d)urch maInt81 various typos of (und8 as follow$'. R8slrtctedFund$ Restrict1 Funds repsent gffts Tec8wed for spe¢mc purp¢w. Forest of Dean Ccmmunty Church ha% Ihree such fund5. The 8uikJing Fund represents monks givtsn for the auLt)N and refvrbkshment of the buildings in wh(th Forest of Dean Community Church can run its activities. The Mission Fund represonts Tnonies gwen lo $upport missioTrary works whKh 15 revithved on an annual bosis. The church does not enter into MmitMents to 8upm any gwen banerlary beyond the end of Its finanryal year. Yhe Tr8inTng Fund represents mon$ glven to the church to 8pe¢th¢alty support the educaticfj and *lfrdre of indbvKJua5$ in their studKs, as agreed by the Trustees Unr8Strict&d Funds rhe General Ftsnd reprwnts unrestricted Tn¢ome that 18 expandab at the discretion uf the Trustees in the fUrtIranCe of the objecls of the charty. D8sign8ledFunds The Project Fund has been designated by the trustees a5 a rmans of setling a$e fvnds for larger projects to fubjre proof Ihe church, whlch have not yet been agreed upon. FN8d8ss8ts Westem Cwnties and South Wales Evangelisation Tn15t k5 the Custodian Tru5tee8 ol the ¢hurch propety, thar8ddress is 1 Deerhurst, Kg&WOod. Bristol BS15 1XH. The £181,605 premis88 Costs shown in the Statement of Assets and LIabilitS represent the purchase and refvrblshment costs of these MiseS and continues to b8 •) a$$et of Forest of Dean Communty Church under this arrangement 10
FOREST OF DEAN COMMUNITY CHURCH Notes to thè aeeounts For thg yèar ending 31 D6¢ember 2023 2 Receipts from Churth a¢tlvltfjes 2023 Total 2022 TDtsI Catering Hurnbugs Womens minislry Israel trfp dep0511$ Church merchandise Commonground Cafè 112 713 607 200 173 359 600 1,598 3 Analysls of Restricted F¢Jnd Reeeipts Buildlng Tr31nlng Mi$$lon Fund Fund 2023 Total 2022 Totsl Recelpt$ from donor5 Planned ging Incom8 Tax recovered 960 960 1.130 215 Other voluntary r8ceipts Grant5 received Total income 5.000 10.OCQ 1,198 1,311 7.509 10,000 11.950 3,500 16,795 Analysls of yrarrt8 recew Westarn Counties Ruanlean Tru31 8,000 2,000 3.500 10.000
FOREST OF DEAN COMMUNITY CHURCH Nots$ to the accounts For the year ondlng 31 Decamb•r 2023 4 Analysls of payments. Church Actlvitie$ General Tralnlng Bulldlng Fund Fund Fund 2023 2022 P8StorAI sUPPOrt Wages. e¥pens88 and fles Professional fees Speaker expenses Ministry expenditure Running costs Repairs and m&intenanee N9w equpment Utilities 705 81,452 97 5,545 49.775 324 61,452 1.635 13,551 9,412 5,045 6,221 15,746 1,635 13.551 9.412 12.144 17.189 8,593 14.814 15.746 20 737 134 801 13.713 7.635 14.075 554 7,582 1Th).046 97 S Grants pald General Ml8sion Fund Fund 2023 2022 Goneral mlssfon ging Reslricted misslon gilts Mission other Philipprne5 Pastor fund 18,975 18.975 1,1 1.100 754 754 aeo 360 2214 21.189 18,420 5.320 6 Transfers bgtsvgen funds £5,737 was transferred from the General Fund lo the BUildg Fund to eovertho final costs of the Wye roof project. and Ihe Wye technology upgrade5. In the previouis year Ihe truslees ere8t&d a deswJnated fund for larger projects to future proof the church. which have not yet been agreed upon. DuriThJ thèyear a further£40,000 has been traferred from the Genefal Fund into the Project Fund. 12
FOREST OF DEAN COMMUNITY CHURCH Notes to the accounts For tho year •nding31 Decembgr 2023 7 Analys1¥ of G?neral and Deslgnated Funds General Fund Proje FutKI Total Balancè bmught forward Incoming resources Resources expended Transfers inlout 68,621 60,000 128.621 185.856 185.856 1132,7421 14S.7371 1132,7421 15,737} 40,000 Balance carried foNMtd 75 g98 100 000 175998 8 Analy818 of restrlcted fundg Training Building Mi$$lon Fund Fund Fund Total Ban brought fomard Incoming resources R6sources expended Transfers ik*out 68 1,198 15.Q 2,271 197) 120,737) 12,2141 5.737 18,469 123,048} 5.737 BaSance caffjed foNa 1.101 125 9 Rèlated party ¢ran8aclion5 Mr TC Cracknell is a Trustea of Forest of Dean Communty Church and was the pastorlor the year. He 15 eM0j part time by Ihe thur¢h and his remuner8ttin and benefits ts the year are £21,226. Mrs A Tayk)r-RobertS Wd$ a Trusteè of For8St of Dean Communlly Church until 8 October 2024. She ased her ernployrnent a5 the Devebpment and Digital Director on 11 May 2024. Her remuneration and benèfits fortho year %4ETe £30,575. During the year a member of the fellowship. Mrs N Kent. offered a place at Universty to study an MA in Art Therapy. An ongoTng colle¢tion from church memb6rs ralsed a total ol £1.198 in 2023 which helped towards personal expenses. No church funds are being usèd tii addition to Members personal resth'ctad donations.
FOREST OF DEAN COMMUNifi CHURCH Notes to a¢¢ounts For the yr anding 31 DeCemr 2023 Re1•d party transactions Iccffltlnu•dl Trustees, stnior leadars and their spouses have clairn rwmbursernent. from lifro to lirr¢. for sundry gnditUre in¢yed in relation to chureh activities. TC Crknell is a trustee ofTh¢ Crathnell Trust CIO whic from tlme to time ma(es donations to this chafty. 10 Wy• Cornmunity Chureh On 1 January 2022. We Community Church, Ros&on-Wye becarnè part of the Forest of Dean Community Church charity, brng known localty as the Community Church. Forest & Wè. The funds of that ehurch, being 2 bank accounts, was passed to the Truste8s oftha charity and this has been shown as an additional 1pt of £11,382 in that unting y&ar. 14