Godfirst Church Cheltenham
Ltd
Report and Accounts
Year ended 31st December 2022

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Godfirst Church Cheltenham
TRUSTEES. ANNUAL REPORT
IINCORPORATING DIRECTORS, REPORTI
FOR THE YEAR ENDED 31 DECEMBER 2022
The trustee8, who are the charlty's dlreclors for the purposes of company law, have pleasur8 in 8ubmllling
the Report and Accounts lor the year.
Oblaets of the charlty
The ch8rfly is a charitable company and Is govemed by Ils Man￿randUM and artlcles of assoclatlon. The
prfmary objectlve of the ch8rily. as sel out In the govemin9 document, Is to advance the Chrfsllan fallh In
accordance wlth the charity's Statement of Beliefs, In Chellgnham, and In such other parts of the Unlled
Kingdom and the worfd, as the Trustees may from lime to Ilme thlnk fll.
Summary of the charlty'5 maln actlvltlts and achlevem8nts
To further the above oblecls and vlsion, the ch8rfty'$ main acllvilies and achlevemenls were as follows..
The church b&yan gathering Informally Sn September 2009. Al Ihs start of Ihls reporting p9rlod we had 133
adults and 51 chlldren would considor Godfirsl Ihelr church. However by the end of tho reporting perfod
had 142 adu118 and 60 children who would consldèr Godlirsl Ihelr church.
Grants and Glvlng
We have made grants tg grganlsallon8 and ¢h8rftl¢s that share our valugs and Gharflable alms, W
provlded flnance lor local charltles such as Famlly Space and Tgens In Cris18.
Wg havo a Hard8hlp fund (ln Ilna wllh on8 of Dur charitable alms) whlch we developed lo ollow u8 10
support local peopl8 In deep financSal need, In Ilnè with our Hard8hlp fund poll¢y,
We 8UPPOrt our church plonllng network Advance Movgm8nl UK. We contlnu8 lo support churche8
overseas In less developed sellings. th81 are part ol the Advance network of churches, Includlng Dar e8
Salaam, Tanzania and Amanzimolotl. Ourban South Africa. We also support Advance churches In Nepal
who face signiflcanl poverty due lo complications brought about by the pandgmic.
We continue lo revlow our safeguarding procedures in line with curronl guldsllnes from Thlrtyone'.glghl
Iforrnerfy CCPASI. We have worked lo ensure conllnued full GDPR compllance.
In plannlng the acllvilies the TN8lees have applled the guldance on publk benefit issued by the Charfly
Commisslon.
staffing
Our slafflng base at the end of 2022 was 2.6 FTE12021'. 2.61. Our s18ff team conslsts of a full limo Senior
Pastor, a full timè Asgoclale Pastor, a Children's Worker for 5 hours10.10 FTEI. an OpeRlions Manager lor
12 hour810.34 FTEI and a Treasurer for 5 hours10.14 FTEI.

Godfir5t Church Cheltsnham
TRUSTEES. ANNUAL REPORT
(INCORPORATING DIRECTORS. REPORTI
FOR THE YEAR ENDED 31 DECEMBER 2022
Stu¢turo. Governancè and Management.
The policy and operating decisions of the charity fest with the Directors who meet regularly lo monltor the
actlvllles of thè Company. The Trustees are responsible for ensuring that Godfirsl Chufch Chellenham
fLtllills ils alms. The managemènt of the charity is dtslogaled to Howard Kellell who sems both as Trustee
and Is employed as the leader of the ¢hur¢h. Staff salaries and CLindilions a￿ set by a TTUStee sub-
committ06 to ensur& no conflict of Interest in this area. Potential new Irustees are id&nllfled by the Eld@rs
and 8pprDved and appointed by a voto of the TDJslee board. Howard has regular meetings with Ihe wider
leaders ol the church. Our Treasurer prepares delalled monthly financial reports for the Elders and
Trustee8.
Whilst tho Spiritual leadership of Godflrst Church Cheltenham lies wjth a team of four Elders. we ensure a
¢l&ar delinaalion of ￿ spons￿1111105, betwèen Trusleas, Elders and Stall team
Godflrsl15 part of the Advancé Nètwork ol ChurGh¢s.
Flnanclal revlew
During the year Income increased by £241,472 10 £398,951 and eXPBndilure increased by £1,986, 10
£193,g23. As a result the ¢harily has report8d a surplus for the year of £20S,02812021.. £34,458 deficitl
and not ass8ls have Increasod by the same amount to £268.207. Nel current assets includas cash of
£287.449 of whlch £1,020 Is r&stricled, £255,885 Is held In the designalod Vlsk)n fund and £30,544
held In unre8trtclgd lund8.
R•8ervo8 poII¢y
The 8oard of Dlreclors have eslabllshed a pollcy whereby free reserves (wh￿h the Iruslees define as being
unTeslricled nel Gurrenl assets) held by the charlly should be rnaint8lned at belweon 2 and 3 months of
nomial commilled church expenditure Iwhich equates lo apP￿XimatelY £2840KI. The reserves pol
Includes green, amber and red acllon kvels., il eash flow falls below 2 and 1 month8 normal commilled
Church exp&nditure. The Charity operalos a Vision Fund whlch 15 deslgnaled for slal&gic in(tlallves that
would help grow the church. If it became necessary, these funds could b¢ used lo cover the Gharily'8
oporaling exp&nses and so they are considered to fomi part of free r8serves. At the ygar4nd the chorily
held unTeS1r￿1Od nel tu￿nI assets of £265,955.
K8y rlsks and un¢ertalntlos
The Dirgctors have reviewed the rlsks to whlch a Small ¢harfty operallng wrth few employees Is exposed.
Appropriate procedures are In place lo identify, monitor and revlew these rfsks on a regular basls.
Plans for the future
We remain commilled lo growih in1Sne wllh our charitable alms ond with a desire to be of public bgnefil lo
the peopk of Chettenhaffl and bayond.

Godflrst Church Chaltènham
TRUSTEES. ANNUAL REPORT
UNCORPORATING DIRECTORS, REPORn
FOR THE YEAR ENDED 31 DECEMBER 2022
Although not included In the perfod of these accounts, on the 16th Jun& 2023 we completed Ihg
£650,000 purchase of The Chapel lft)m*rty Chapel Arts) in cenlrdl Cheltenh8m
Knspp Road. The
bullding Is an extensively refurblshed Baptist chapel built in 1821. The generous glving of church and
partner ¢hurch8s allowed us lo albcate £248,000 towards the purchase with the balance as a mortgag@ of
£402,000 from Klngdorn Bank, The bullding will serve as a facbllly for use as a church hub, for worshlp,
youth, chlldren events and facilat8 our community engagement. We, also, hope lo conllnue lo facllale the
use of the venue by the k>cal arts community We are planning to relaunch our Toddler Group and other
actilivgs whlch weTe ¢urtai18d in th& pandemic. with new soclal lusllce projects planned in partnershlp wllh
"Be 8 Good Neiqhbou¥' a new communlly CIO in Chellenham.
We wlll conllnu¢ in our partnershlp wllh Challenham Ladles Colloge from thom we rent our Sunday vgnue
al The P8rabola Arts Cantre.
R&spon8ibllltles of trustees undèr company law
Tho Irustaes are responslble ftsr pr&paring the Iru8lees' annLtal report and the financlal statgmenls In
accordance ￿th applicable law and Unlled Kingdom Accountlng Standards lUn￿led Klngdom Generally
Accepted Accounllng Pracllcel.
Company law r8qulr&s th& trustees lo prepar¢ flnanc1818181emenl$ for each flnanc181 year whkh givg 8 true
ond lalr view of the state of th8 affairs gf the charllable company as al the balance sheet data and of ils
Incoming resources and appllcallon of r9sources, Includlng Income and expendllurg, lor the flnanclal year.
In preparing these Ilnanclal slalemonls, the Iruslees are required lo.,
l. select suitable accounllng policies 8nd apply them consislonlly.,
2. observe the mglhods and prlnclples In the Charfties SORP,.
3. make hJdgementS and &slimales that aro ￿aSonable and prud8nl-
slate wholhor the applicable accounting standards have bèen followed, subject lo any mgledal
departvr8s dlsclosed and eyplained In the financl81 slalemenls., and
5. prepare the financi21 slalemonts on a going con¢em basis unless 11 Ss In8ppropri8le to presume that
the chadly ￿11 conllnue In gperallon.
The dlreclors 8re reSponsIb￿ for kèeping propor accountlng reco￿$ that disclose ￿th reasonable 8ccuracy
al any Ilmo th@ financial posillon ol the ¢har*tablo company and en8ble them lo ensure that the financlal
slalem8nls comply wllh the Companl8s Act 2006. They are also responsible for safeguardlng th8 assets
of Ihg charitable company and hence for taking reasonab￿ steps for the prevenllon and detectlDn of fraud
and other irregulari11gS.
Approval
This report, whtch has been prepared in accordance ￿th the provisrons ol the CDmpanbs Act 2006
relallng lo small ¢ompanie6,
approved by the Imslees and soned on their behalf by..
Dale..

INDEPENDENT EXAMINERfs REPORT
TO THE TRUSTEES OF
Godflr5t Church Cheltenham
Clhe Company'l
I report to the charity iNslees on my èxaminatbn of Ihe accoun15 of the Company for the year ending 2022
On P8ges 6 to 15 folbwing, vthich hav8 been p￿pared on Ihe basis of th8 accounlng polKbs s&t out on
pages 8 to g.
Responsibslities and ba81$ of report
As th$ ¢haritys tnjslees of the Company land also its d1￿clots lor th? purpos85 of company Lqwl you are
responsible lor Ihe preparaiion of Ihe accoun16 In accordance with Ihg raquirem8nls of Ihe Compani8s Act
2006 1.the 2006 Acl'l.
Having salisfEed myself Ihat thè accounts of th6 Company are nol reouir8d lo be audited undei Part 16 of Ihe
2006 A¢1 and are eligibte for indap8nd8nt &xamiThal¥)n, I repori In rn$pacl of my examinat￿n of your charily's
ccounls as carrierl out undar seclK)n 145 of Ihe Charfllos Act 2011 I'the 2011 Act'l. In c&rrysng out my
examinatDn I have fonowed the Dlreclions givon by the Charity Commra51on under 98Ction 145151 Ibl of Ihe
2011 Aei.
Independent exam1￿r.6 statèment
Sinca the Company's 91088 incomB exceedet1 £250,000 your examiner must b8 a member ol 8 body IBlOd in
88clion 145 01 th8 2011 Aci. I confirm Ihal l am qualifled ÈO L¢ndertake the 8xarnln$tton bec£uso l arn a
member ol the In5tiluts of Chartere(J A￿OUntantS in England & Wabs, which Is one ol lh& Ilsled bo(Jies.
I havo compl&t8d my exarnlnalbn, l Confimi that no rnaii8ts have come lo my allenllon In conn•clKin with ihe
examinallon g￿kno mo cause lo bell8Ve'.
1. accountlng ￿￿rd8 were not kept In respect ol th& Company 08 requ5red by s8ellon 386 01 the 2006 Aei,. or
2. the 8ccoun15 do not with those ￿COrds,. or
3. the accounts do noi conply wlh Ihe accounting r&qulftments of 8èCllon 398 ol the 2008 Act other than
any rnquiremenl Ihat Ihe 8¢counls 9nie a 'lN8 laif view whlch L4 noi 8 maller con$k18red as part o18n
independ8nl 8xarninalion., or
4. the uceounls have nol b8èn prepared in accordancg w￿h Iho methods and prfnclpkgs ol the Sl818m8nl of
Recomin8nded PTa¢li¢e lof accounling and reportlng by charflles lapplicabl8 to charilieg prèparing Iheir
accounls In accordance ￿th the Financ￿1 ReportH)g Standard appkcable In th8 UK and Republ￿ of Irel8nd
IFRS 1021.
I hav8 no concems and hav& acr085 no other maltets in conne¢ik)n with Ihe examln3lion lo whkh
attention Shou￿ be drawn in Ihi9 report in order lo enabl8 a pffjper under8landSng of the a¢¢ounls to be
rnached.
Lour8ns du PI8S515 AGA CAISAI
Membèr of tho Inslilute ol Chartered Accounianls n England & Wal85
sl9wa￿s￿lP
1 Lamb's Passage
London
EC1Y 8A8
Date.. 18 September 2023

fjDdllrst ChurEh Cheltenha
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2022
To181
Funds
2022
To181
Fund5
2021
un￿$1￿Cled
Funds
Restricted
Funds
Note
INCOME AND ENDOWMENT8 FROM:
Don8liDnS and
Chgri18ble 8Glivllg5
Inveslm&nls
390,487
2,597
362
1,830
3.675
392,317
6.272
362
156,330
1,087
62
Total Income and endowment8
393 446
398 951
157479
EXPENOITURE ON..
Charflable aclivitles
185,891
8,232
193,923
191,937
Tolal éxpondltltr
185.691
197 923
191 937
Net Incomollexpendlturel
207,765
12,7271
205,028
134,4581
Tr•n•f•r8 bolw••n funds
13
12.2251
2,228
Net movemont In fundB
205,530
15021
205,028
134,4581
Reconelllatlon of fund•:
To181 fund8 brovghl forw8rd
62,602
677
63,179
97,637
Total funds c8rrl8d forward
268,132
75
268 207
The s18lemenl ol Ilnoneial acllvlll#$ h¢ludè$ all gèlns and1058e8 I8cognlsed In tha ye8r.
All In¢trme ond 8xpgndMurg d8rtv& from eonlinuhg opersiloTrs.
The 8lal&menl of financ￿1 8ctfvit￿S a150 compl￿8 wllh the requlremeThls for gn income and exp6ndKure 8¢counl 18qulred
by the Compan￿5 Act 2006.
Th8 not8$ on pgge 8-14 form part of these accounts,

Godllrst Chwch Cheltenham
8ALANCE strEeT
AS AT 31 DECEVBER 2022
Totsl
Funds
2022
Tol81
Fun(5s
2021
UnreÈiricied
Funds
Rasiricted
Fund5
FIXED ASSETS
Tanyible assets
2.177
4304
CURRENT A8SEYS
Deblor5
Cash al bank and in hand
1.583
286.429
1,583
287 449
7,037
288,012
1.020
289.032
88,227
¢REDITORS.. Amounls falllng
wlthln on¥ ytthr
122.0571
19451
123,0021
P9.3521
Nèt currènt 888•t8 1 IllablllO&81
265 955
75
266 030
TOTAL ASSETS
268132
75
268 207
FLIND BALANCES
Unres1￿¢18d Fund8
Goneroi lund$
DesvJnaled funds
11,872
256.260
2eB,132
11.672
266 260
268.132
1.631
62.602
ReStrt￿e￿ FundB
75
7S
577
268.132
78
268 207
The chanigbie ¢ompgny Is enifti8d 10 exemptbn f￿rn audit under Seclion 477 01 the CompBnies Aci 2006 lor the ye8f 8nd•d 31
Decembor 2022,
Tho m&mber5 h8Ye not ￿QUired the company lo oblaln èn audit of ils fln3nclal slalemen15 for Iha yèar ended 31 Docombor 2022
in 8ccordÈnte wlh So¢llon 476 of the Comp8nias Act 2006 however, in occordance wlh Sect￿￿ 145 of tha Charilios Aci 2011,
th8 accounlB have been exanlne(S by en Independent exarrlner and Ihelr réport has b88n Includod kn Ihe8e flnanclal ?1slewKnl$.
The dlreciors (who aru the charflable compgny* IN81888 fDrlhB purposes of chgrtly lawl acknow￿dge their re&ponsiblllUes lor.
101 ongurfng th81 Iho charfiable company ke8ps a¢ty)uniing record8 vlhich comply wth Seclions 386 2nd 387 of Iho Compsnk95
Aci 3000 8nd',
Ibl p¢paring nnBnclÈl s1oi#ments which a true and fair vltrw of the slato of affa1￿ of the thari13ble ￿ryany aB al the and of
e8ch Ilnanclal yaar and of ils nel income or expen(Silure for each tinanc￿l year in 8Cterdanct wilh the r8quirem8nls of
Sections 394 anil 395 and whlch Olhewlse cr>mply ￿th the rÈquirtrmenl¥ of Ihe Companles Act 2006 platin9 10 financial
slslem8nts. so far as 8pplicobJ8 lo thé Ch2rilabl& compÈny.
The financial slaternenls have been prnparad in accanlanet wilh thè pffjvisions ol Part 15 of the Comp8nleB Act 2006 fy181ing lo
small conw3nles.
The finan￿al Stateme
appffjved by the Board ol Llreciors and ware swneil on Is b¢haii by..
Company nun*er.
08090929
Chanly number.
1148222
Th8 notes on paga 8.14 lorn p8rt ofthese accounts.

GOd￿r&I Churc* Chtrhtrrthttm
NOTE8 TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 21122
si•tui•ry Informollon
The thailly Is È tharflabb Ilnlled by 9uaranlgfj and 18 Ineorporaled In Ihe Uniled Klngdort Thq company'5 reglstered nuntrr
re9151ered Dftke eddr0$8 Can bts found on the Company Inlom￿lk)n poge.
Ac¢oundng Pollcl•B
These finan¢Lg1 *al*mBnls prepanad on 8 going concem ba9￿, und#rihe histor￿1 c091 eonvgnlh)n.
Tho¥fj slBlenEnls have been piepArod ln accoidanee v41h the "Slolgrnenl of RecommBnOod Pra¢llc¢'. A¢¢ounling and
Rgportlno by Chiillw38 preparing ihelr accDidanco wllh the Fin8n¢i&l Reportkn9 sland4￿* applIceb￿ in Iho UK fynd ROpUbl￿ of
I￿￿rtd IFRS 1021 I'lhe charl1￿$ 80RP"k vAlh Iho Financ￿1 ReportlTrg sIAtsda￿ app1k¥￿ts lh8 un￿&￿ KSnudom Republlc of
Iieland fFR$ 102.1 Wilh tho COThpan￿9 Acl 2006 $nd wllh Iho ChariliD3 Act 2011. Thè thaDly rneelB the dollnilKJn ol a publ￿ ben81
gnlity E5 $91 oul h FRS 102,
The principb8 8dooled In Ihe preparalbn ol Iho Ilnanoi01 $tAièmgnl¥ ir• lol oul Oek)w,
ThÈ IrU818ws (who 8ro Ihe ohaiiobKg wmpany's diR¢iors lor Ihg puroo868 of CO￿vanY L4wl hove s$9￿380￿ vthelh9r Ihfr us• of Ihe
¢gn¢em bos1$ 18 JPPFQp￿19 and have ¢onslder•d p0161ble evonls or condKltyn¥ that myhl c991 Sionif￿¥￿t doubl on Ihe Bblllly ol Ih
charity lo continuo 88 4 oolng conc4m. The t￿sL￿g$ h4vg made Ihls 8¥98s$menl lor b p8nod of al k*a¥l yg&1 Irom Ihe ol
8ppTh&I of Iho linand61 $i$t$rnBnls. In partlcuLqi Iho Iwsie&s h*vo con81d8￿d Ihè IoTFcasts Dnd piohyclionts 8nd Iha pos51b
Impll¢8lbns should prolecl£d In¢om6 ind l or frxpenrlllure YBry unpxpociodly. The Iru$ieeb hovo ¢on¢luded IhHI Ih£i$19 8 rea8oDoblo
gxpgdalkin Ihal lh8 rhirty ha$ È4&qualv resourc0¥ lo ￿ntInue to OPtrlJlo lor the loro8e¢ebl8 luiure. Tho ch4rily th*￿1¢y$ ¢onl￿Ve5 Io
odopl tho golnp concem bal¥ In preportny11g Ilninclal stalen￿￿￿8.
bl
Ino)m* knO￿dIn9 h¥e￿￿￿nI Income l& f9eognl￿d h lh• podoos ￿ whlch Ihe ¢h4rNy becom6 anllled lo rocalpl, Ihg •mvnl roc4￿Mb
can bo m*88urhd vllh rna&DnAbl8 fOd4hly, r8celpl Is pmb8blè. For Ihe rno$l p•rt, kntomo Ik o•n8rJlly ￿￿OnI$ll whon 11 IB
r1￿{Vod, In¢orne Is only dolorrod wh6n tho t*arity hfis to lullll eondillon8 boloo b8Mmlng eniiiod i¢11 orwhoro Iho donor ha8 *POtll￿d
IhÉi the 10 be expended In a lulum p•rftrd,
Inmmg Iwm doniiions Bnd leg&ttbs1Th¢1udets rotoverabfg gill a￿, whkh T￿O9￿1￿ed th• r￿al•d don4llon1s re¢elYed. Glll ald IhRI
h¥¥ not baeD r8rovowd by Ihe b¥lgnc• $hooi rfole IB indudod èg ¥ d•blOr,
Thfr ehadly telè* on vdunl•er8 lo Ca￿ oul many 01118 8cllvlliÈ8. Howévgr. in oc¢ord8nie wmh IhB SORP. th• vakn• ol Ihe¥ Fgrvlcos hs8
not been knduded in IhoAe 11n4n¢￿1 81oi&menls Js Ihoy ¢8nn¢i be ￿lIabty mBB$uted.
Inwrntr Iiom thDINHble o¢tlvllloB rnPTesenls In¢ow ¥•¢elvllb￿ Imffl goods. and lad111￿¥ aupplw In lurtheranco ol Ihe ch8TIIy'
Cherf18b￿ obisGt& 11 Includ¥8 Incow church courn¢$ othèr ev4n19 Ind ojuystrg.
In￿81m9n1 hixjmv mprnsoniB Inc(4Tr Otnoral8d by Ihè ¢h8rfly'6 488gls ond Compl￿98 bank Inleffjsl,
Exp8Trdllurè. Inc￿dIng VAT. Ygcogn￿¢d when In¢urrod DI, 11 ea￿￿1. wh•n 4 ￿481 vr conslwc1￿O obl¥lal￿n lor
P&ymQhl adses provld¢d thai11 1$ prDb8bh) Ih•l 80111gmBnl wll be rgqu*od and tha anwunl of tho ob1val￿n csn bg mo88utsd o112bly.
Th¢ ¢haThly mHkes gThnl¥ to othèr InstitvlK>ns And 1ndw￿￿411 lo lurther tts ¢hadtabfe ob￿ClIV¥S. Grdnits paYBb￿ aro to¢DgnraeLI 48
ConB1￿￿rdè obllo&ik>ns arfso. N¥hlth w generalky whon tho charity expies8&5 8 rtymn*tnenl lo ltte recip*ni that can be rèWoUy
and thon onty ID tho oxtenl Ih81 gny ¢ond*lDn8 a55Dckgled v*lh tha grAnl HTQ ol Ihe ￿NtrOl•l the th0rf1y.
Gov9mBn￿ ¢4¥ts. ¥yhkh ar9 In¢bdo¢ In expendllure on chartitrblè acIN1l￿9 ¥eparsloty In lh• noleB lo th• gccouniè.
Indvdeg cosls 9$9¢¢1gied ￿1h Ihe indepondonl examlnBIIots DI Ihp I￿ancIE1 ylaiemgrntts, wlh ¢OnSlllUllon818nd Btalulory
requlr8m?n15 End any olhèrexpendiluie InCu￿0d lh& Blrul8gr¢ man&gorrenl of th* chavly.
Gen0181 lJnd5 a￿ Un￿￿1￿¢18￿ lund5 *thich are •¥ailable lor use ai tho 114CWIIDn ol Ihe furthef£nce ol the oeneral oblecltves
ol Ihe ¢h8rty. De51gnaled Tund¥ unre$irf¢io¢ fvnds ihal have btBn ¥91 a￿￿e by Iha I￿$￿&% lor pértlculor putpts$•$. Ftgglncted
lundB are are lo bo aGcoidanc* vjfth T£SIrfBlbn8 thpogad by donoB,' Ihey in&Jde donalbnts
frvm appBBL4 lor 8p8cWl¢ a¢1￿11￿5 01 profvd5.
Items purch858O oi donated lol the ¢h8rly'y owi a￿ cèpll8llsed when Ihe cost ol purchased item& or Ihe fak value ol donAl•d
11oN¢, is more than £90D the ilem Is bxppclgd lo ben8lR the ¢haFtty over mTe one accounling perfod. Oepiedalhin 14 ¢h&￿&d
on 8 SIrn￿bI lin& baslg so as lo wrle down Ihe value ol Bach p¥sel Iv tts esbmaied r&*dual va￿e 1118nyl 0￿r its expeded useful
econom￿ lrfe. To 8th￿V0 Ihb obpclroe the lolDwjng rates of d9pieclal￿n are ch8rg£d.'
Equipr(*nl
Ovar 3 10 7 years
Thg ¢arylng values ol lèngibb fr￿&[• ag5919 8ro rev1&4%*d for impBlrtt*nt in p•rfod$ ev8nl$ orthange8 In ¢*um8tan¢e5 ind￿ale IhAI
the Cansryng value my nol be ￿t0¥&FabI￿.

G¢d*rst Church Cheltenkam
NOTE8 TO THE ACCOUNTS
FOR THE YEAR ÉNf>Eo 31 DECEMBER 21J22
The chanly op¥r4ièS delln2d Cont￿Ul￿n p6nsion sthem89 lor rts grryloyee& Obltgaiknns lor a>nlnbulion8 ID ihese 6cherffjs
Tewgn138d as an e¥&nse when the 1&gblily ari89¥. The hssets of Ih&se 5rhtrn*8 818 hgld sep4rdl8ly (rom those Df the L*arily I
Inuèp$nd&niiy admni￿e1o4 lunds.
Thg ￿￿èfty Is a reglsl&reo ¢h$t*y.' 11 ha& iak£Th adwanlage of Ihe vatbus YellBfs from 18X•lk>r¢ Availab￿ lo charit￿s an¢ no ibx is
p8yabl8 on the Lliafily8
The thadiy% Iln8nclal asEgls and fingncL31 l￿bI￿leS all ouallty as I￿9￿(>￿1 InstNrnonl8. ¥5 dèfined by FRS102. CrtdKOK9 gnd dobiors
srè at Iheir gxpeded seitlamani valug (non￿11¥ tha aThx>uni ol cash Ihal Ihp ¢h$rity éxp8cts lo pay orr&rAknI
artn
Thty ¢hJrily hay ¥dv8nlag& ol an èxenyiion conferyD¢ by tho chart1￿$ 80RP has ntst ptspamd a c4$h Ik)W Sl8tamani.
ceouniin
ssnda
Thfj I￿￿1£8$ do noi Gubn8idtrr Ihai tharo are any maloMJl 8ouic49 ol e￿Il￿allon oruncortainty al the ¥h@01 daio Ihai coukj Te81111
In 8 MalorbBI &dIU51￿nI to Ihè tèrry￿0 valuo&01 a￿1$ 8riO118bllKkn& Ip) thB next ￿p1)rtI)g pedod.
Restrtcled
Funds
Fund
2022
2021
Donalh)n& ol ¢•$h and BlmlLqr
IncomB lax ￿C￿¥trabl0
334.160
1,755
75
335.915
S6.402
392317
129,123
?.7.207
156.330
390.487
In¢•m• trom Bharlttyblfy aclvll•4
un[esi￿le￿
Fund8
Rtr81rl¢ied
Funds
2022
2021
Churth ¢OUlga8 •nd ¢v•nl•
Inv•$kn•nt Incom?
UnfvoirKl•d
Funds
Ro8lrtd4d
Fund$
2022
2021
B8hk ￿leTest
362
Y62
362
362
62
62
Charlt•ble exp•nJStUM
Unr•$irtcie
FundB
Rg$idct&d
Funds
2022
2021
Costy Iniurr•d dlro¢tly #p•cWlc acUvlll•s
Env1oy￿nI reKgle
Siall cosls
ConlgreThrFs 4nd irnlnlng
Advort18lDg
Chvr(* aclivtthg&
105.600
1.028
10,812
283
12.540
2?.483
2.520
15.227
105.60Q
1.028
16,204
283
l J.048
22.483
2,520
1Y,559
1,463
8.719
1.285
9.922
15.575
300
20.856
5.392
506
fJU05t spÈaker5
GrontB payab￿ Inolè 6¢>
2,332
170 493
176.725
180,024
¢￿ts Incwred on 8￿ppOrt& 4dmlnlgtr&Uon
Gov2mance costs
Independgnl èlhffllnèls 1&9
Olfi¢e ¢o¥i$, iTh¢iudlng equlpm?nl
prtcia￿oTh ol lang1b￿ fixed asw8
In9u[￿n0
2,040
10.287
2.127
744
2.040
10.287
2.127
744
1,440
7,516
2.127
820
Totsl •xpfnd￿r¢
185691
193.923
191 937
The leg payabb Its the 1ndePer￿8nI exanNnorforex¥minh9 the accoun15 4wJ¥ E2.D40 P021'. £),4401.

Godfirst Ch￿rth Chèhènha
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 LIEGEMBER2022
Grants payat49
Ind￿￿￿arS
2022
MK55bn8ry $uppod
Rel￿1 ol poverty
17,146
1T.259
300
30
413
ThB wmpar4lfves lorlhe prov￿u8 yts8ra￿ as fdhws..
202
Mlssh)nAry 8UPPOrf
riellef ol poverty
19,4e6
278
912
19.744
912
The piIn¢￿al grnnlato rDmpii8qd..
2022
2D21
AdvAnGg IAfjvem6nl UK
God'i TNb& Churth Tanz4n
F8thty Spoco
T¢en5 in Gri*8
Reconclll8lk>n Road
CAP
ranls lo hslmullons forla88 Ihgti 11,000 •i¢h
,400
7,600
3.800
2,748
2,100
2,40Q
2,400
8,S1D
1,500
138
818
Analy81ts ol At•llco•ts, lh• cwt ol k•y management porgonn•l and Iru•t•• r•murn•r•llo
2022
2021
QTOBB WApe¥ end Jalarl88
Ernpbyal$ nglbnsl hguf8nc8 conith)Ullon
Emphyol¥ pen$lon conirfbulbn
94,79e
4,084
109,791
6.682
105eoo
7he avei4go Th￿nIhty number ol eryibyv$ dvrtn9 lh• yeAr J (2D21.' ¥1 Thkn 9ou•l88 10 2,6 FTE 12021.. 2.8 FTEI ol tho
chorMy'8 ac1w*￿$ ¢8nl&O out by voluDl••r4.
No s18N r•c•fvèd galÈdè• al B rnlfj olrnor8 Ih&n £60,000 per snnum. (2021.. nonel
The Gharfl¥B key rnsnagomenl cornpl￿ Ihtr Iiu81oas and the key staff narned on the Compèny Inlom•llon pop. Toi81 frmploym•r*l
ban81*s payab￿ lo koy mDnAoèmuni for tha yoar 4vew folky￿.
Olhor
Empbyer
eryhymgnl
P8n¥lon
b$nfjld¥ wniDbvlh>n$
Wa9B¥ 8
2022
Tw8iee9'.
Hgwdtd Kel•ii
Otherrnembeis of key rnonao8trnnl
48,191
35,26
4,f01
1.951
9.292
The lovowino 8mDuNls ¥Yfr￿ payabkn Its Ihty pr•wou$ y64r
Other
Empbyer
grrployment
penslon
beneflls ¢onidbyih)ng
Wag8¥ &
2021
Tru$lpe$'.
w&rd Kelleti
Oth81 rntymbers olkey m9na4oN*nl
44,923
50,d47
4,101
1.498
49,024
51.945
100 969
Howard K&lbtt 8eNed 88 8 Church ￿a￿tr Hnd recewed Ihe ebove paymnls lor $•rying ¥) Ih41 ¢èpacty. not fDf 5ervlng as A Iruslee..
Ih&s8 p4y￿￿￿1$ 4re p￿￿￿lIe￿ by the charly'5 govemng documnl.

13adfiw$t Chtstch Cheltenham
NOTE8 TO THE ACCOUlffS
FOR THE YEAR EWDÉD 31 DECEIIBER 2022
rangibl¢ aBs•15
Totsi
2022
equpn*nl
Cost
AE 1 JAfiuary 2022
Al 31 Do￿￿er2022
10.634
A¢curnuLiiod dfip[fjda￿n
Al 1 J¥nu3ry 2D22
Charo¢ lorlhe year
Al 31 L*¢8nl)8r2022
6.330
6,350
N•1 book valua
Al 31 Dece￿￿￿r 2022
AI 31 D•c8rythgr2021
Otybthri
2022
2021
Falllng due wlthln on• y•4r'
Tax recoverab
Oihor deblo
P￿payMe￿I6 8¢cru8d In¢0
1.071
4.746
563
1.709
7.037
50S
10 C4•h at Bank thnd Ih H•nd
2022
?Q21
CBsh AE bAiik wllh IrfmEdlul8
Noiko d•po¥llB Iwlh a tèrm of IhF8• ￿NIh8 01 kg881
39,31e
248 133
287.440
11 ¢i•dllor•'. Ilabllttl•s falllno du¢ wlthln on• y•ar
2022
?021
Te*aliOh and soclal 8&cuAIy
otligr t￿dI101&
Accru419
Dalèiioo Inco￿
Gmnl obho&iioD•
2,01b
1,247
4,140
4,029
4,368
1,470
15.600
23.00?
19,200
29 3r>?.
12 PgH61on ¢ommlknonlS
Durfng ih6 ye8r emp￿YO￿$ wn$lon coniilbullon$ ioiaiing £e.73812021'. £5,659lwern payable lo Oollned GwI1￿ul1￿ pe￿n￿l ponobn
5chem5. Pen5knn conlilbulbns tolalllng E359 p021.. £3411 wom owod al Ihfj balance ghgei d&iB.

Godfivst cthu￿h Chehpnhum
NOTE8 TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2022
13 F¥nds
During lh& y8ftrthe mDvèm¢nl¥ In the funds wgr¢ as lolow8.'
Openlng
b8Lgnco
2022
IncoTrAng
r850URX5
Oulgolng
rgsouri%s
Oaln5 And
sses
2022
Ckn9ing
balance
2022
the Yew
2022
2022
2022
Desty7Traled Funds
Fund
80,971
19S.269
258.260
GeftomIUoffj￿T￿erf FunL*#
198,157
12,2281
11.872
Tolal unrest￿led Funds
82.8D2
393,448
(2,2251
288.Y32
RO&￿1•d Fvnds
Ha￿ShIP
Mlg8lDn
Youlh
CAP
375
oio
3,675
76
677
15.9001
2.225
577
S.505
2,22S
75
Agqreplllo of ￿nd
83.179
39e,961
268.207
The It8n81•18 r6lerr6d lo abDV8 were mado loi Ihe lolb*4np re4DonB'.
•) lo cover ghortlall In NewdBy coslo
Anblyblo gf nol ••g•1$ by
Th8 ao8019 Ind Ilabllllhj ol thp v8rfov8 ¥vèrè oa loltswy..
Gon¥iil
Dq5*naled
lund8
R081rf¢to
lun49
2022
T£ngfofe Ilxed 99?818
Dgblo
CEsh 81 bank In hand
CrèdMor8 lalllno dvo wKhln on• yaÈr
2,177
1,208
)0,544
(22.OJf71
2,17Y
1,683
28r.449
(23,0021
375
266,88S
1.020
(9451
11,872
258,260
75
264,207

Godfirst church Cheliènham
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 QECEMEER 2022
In ttip P￿V￿￿$ ￿ar1h? mowifflenls kn tho ¢hanty'slwo$w¢ie 89 folbwg..
OpeThSng
ba￿ncE
2021
Incoming
sourtr£s
Ouigolng
r8soiirce$
2021
TrdnsferA
In yaar
2021
Galns and
Ios6e$
2021
balanc&
2021
2021
DesvJn$iod Funds
VI￿0￿ Fun
70,971
(10,0001
80.971
Gfynernl UnMst**cled Fitn&$
24.603
166.893
1189.8fj41
lo.￿0
1,831
Tolèlunrnsirtctod Fun08
95.674
156,89?
{189.8641
62,802
Roslitled Funds
ltsrdshlp
327
577
586
577
FHmlly Sparo
8aFry Ch￿kn
IG481
2,063
585
677
AgQffjgO1• ol lunds
97.e37
1S7,478
63.179
AnolyBls ol not •¥¥ib by
ID year, th• ¥xg*ig And N4tyWIkn8 of th8 v&￿￿& lun¢0 ￿r0 as lo11￿￿5..
D*¥i9nBlad
fund8
R8Slrtded
fund8
2021
T•ngW)le IIKtd aege18
D•blOrn
C&$h •1 b&nk and In harsd
CTrdrtoro lalllng dufr wllhln on• y•ar
4,304
7,037
19,642
129,3521
4,304
7,037
60,971
577
129.3521
60.977
577
63.179
Thp Vigijn lund ly TrpNosèni•d by f0$0urtas aalde by the IN&ie•8 lorprol•GtI thalwlll hBlp gitsw lh¢ Ghurth l*.0. new ¥l#ll, new
byKdinys Bnd Oiher8lr&lfjgl¢ IDlkllive61-
led fund
The H4rdshlp lund wa¥ cre8ied I￿rn donat￿￿¥ 10 ho¥ Indlvldugls In 8edous lin•ncbl Mod.
Thg Mlgslon by donalk>n81ts 4 sp&ciAI offedng tr* help SUPPDrt Q¥8ty809 m18flDn. Thg balan¢• >t the stort ol I
year on Ihl8 rggtrklO0 fund pald oui as Y Dranl lo lh8 Gh%￿y.
Thè Youth was ¢fy81od from locom Tr￿lY£d in lor 5ppr*lG yDUth aLl1vil￿3 gwh 4$ goiny ￿ Nkwday.
Tho CAP fundwdg c￿￿10d ljy donalknn9 ID a spèc￿10110dng taken 10 6UPPOrt Iha olCAP Ichiislk9n$ Ao8lnsl Powertylwhkh wo¥
sub$&9uemlly pakj out uranl 10 ch8r*y.
14 TransaGtlon8 wSth rolotod ParfiOB
During th8 yPaf the chatity recelved donallOn$ 10181hDy £S8,346 P021.. E27.2041 In)m rè&ied p8rtkE (Ythich kn¢ludèB INslees. key
mathagèment and anyon8 cknswly coDD8ctéd to IhÈtnl.
Exc£pl iorlhè ièynbuRomgnL ol expenses Incumd when t¢till9 $g agent forlhe ch4rtly. or kncurtd when undert3klng
out￿9, no 8ipensOs were lo lor lorl the Iwsleès.
Excew as dlsdowd In ntsld 7'Anatysk4 of Btaff cosis,, the￿ h&YO no tsiher irdnsadknns wth partkg during th& ￿ar.
15 MBmbers
Eath mBn*£rolthe conyaTry cornnlls lo ctsntt*ULè ifihe charfly1swoun& up an 2mowi 01 £10.

Gtsdflrst Church Chèllènham
NOTES TO THE ACCOUNTS
FOR TEIE YEAR ENDED 31 OEGEMBER 2022
16 Evènl$ slncg year
Allhgugh nol in¢liidad li th* poriod of Iho39 8¢counls, Ihg 161h Juno 2023 w4 cornp￿le￿ th8 I$50,ON purtha?e ol Thp ¢li¥p*i
Ilornwty Chapel Ansl In contral Ch&llèDham- KnApp Road. Tho o&rerw5 glylro r)1 ¢hure.h and partngrchurches albyéod tss lo al0￿1¢
£248.OCM) iOYtsrd5 Ihe pur¢haso wilh ihe bAknce a6 a nkirtgage 01 £402,000 from Kkngdom8ank.
14

T>r
Vp