Cbarfty r&gislratlon number 11483661England and Wale81 GEORGE ROAD COMMUNITY CHURCH ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
GEORGE ROAD COMMUNITY CHURCH LEGAL AND ADMINISTRATIVE INFORMATION Tru8tees G Cowley J Hunter S J Rushlon Charlty number (England and Wales) 114B366 Independent examlner Alan Jone8 FCCA Jerroms GCN Limited Wesl Point, Second Floor Mucklow Office Park, Mucklow Hill Hal&$owen 862 80Y
GEORGE ROAD COMMUNITY CHURCH CONTENTS Page Trustees, ieport Independent examiner'5 report Slalement of financial a¢llvltle8 Slalemenl ol flnanclal p0511itrn Notes lo thé financlal slalements 9-17
GEORGE ROAD COMMUNITY CHURCH TRLISTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Iruslees present their annual repart and financial slalemenls IL)r the year ended 31 December 2024. The financial slalemen18 have been prepared in accordance with the accounting policies sel out in note 1 to the rinan¢ial slalemenls and comply with the charity'8 governing document, the Charities Act 2011. FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Ch8111ies SORP kcounling and Reporting by Charities. Slalemenl ol Recommended Practice applicable lo charltiés preparn9 their accounts in accordance with the Financial Reportinu Standard applicable in the UK and Republlc Df Ireland IFRS 1021". ObJectlve¥ and actlvltles Objects of the charity The charity's objecllves are lo advance the ChrisliaTr faith in accordance with the doctrines b&liev8d and promolgd by the church. George Road Comrnunily Church exists lo love Gcid and reach lost people, enabling all lo become fully dovoled followers of Chrlst, Public b•n8fit The Iruslees have CoMled with the duly in section 1715) of the Charllies Act 201110 hav& due regard lo guidance published by the ChaTily Commission. Actlvltles for achlevlng obloctlves The chuich is commltted lo se8klng lo help 811 bellevers grow In mèlurity through weekend service8 and mld week small groups and lo be involved in other areas ol ministry. This Involves the whole church in ltte mission ol reaching out lo other people in the community through ils various aclivllies lo enable everyone lo become pari ol the Chri$11on Comrnunlly. The church achieve8 this Ihrough.. Worship 8ntl prayer Evangelism and mlssion. locally, reglonally. nallonally and inlernalionally. Expressing God's love lo the community IhTough the misslon of the church Nurtur& and growth of Christian disciples Training and equipping the congregation lor Chrfslian gerviee Giving pastal car& Supportlng charitablè Social action at home and abroad Relating in support and fellow8hip lo Bapli515 and other Christian8 Raising finance lo further the objèctives by receiving grants, donations and loan$. Full details ol the various acliviligs can be found in the 'George Road Comrnunlty Church Annual Reports 2024, pack that includ&$ report5 for all activities of the church.
GEORGE ROAD COMMUNITY CHURCH TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 ACHIEVEMENT AND PERFORMANCE Charftable actlvltl89 The main worship $&rvlce on a Sunday moming hos a congregation gf about 40 - 50. Worship and prayer is 8150 part of the small Community Groups that meet Ihrou9houl the week. There is a 5pocific group that meets for intercession lor Important areas of ehur¢h Ille. Vvorsbip ancl prayer 8re the very loundalion stones Ihal church life is built upon. ni h& chur The maln chjrch h811 is Ussjd for a Wednesday 'Coffee Mornlng, which is well attended by thts local community who are NOT church members. The communty hall 1$ made avallable for use by local people for parties for chlldren and as an Electoral Polllng Station wh8n requlred. The Community hall Is fOnl8d out Monday. Fflday for a nursery aTrJ pre-school along with Hope House. The main ehurch hall is also used for Extend exercisè classes for the èlderfy on 1 day of the wgok The church also moets the needs ol some in the local community who are facSng MmedIate finan¢ial hardship by providlng food and monay and sometimes by supplying household items through a Care Fund, lo whieh ¢hur¢h members contrlbule. The church is involvod in condueiing wedding$ on the pr¢mises, and funerals are held In th8 church as well. Where ¢ÈsS8ry, pastoral care and Support has been provided by & $peciflc PaBtoraS Team who9& rtslg il is lo v5$it and pray lor those In ne&d. nde Training is given lo all children together with those working wblh vuln¢roble adult$ Ic) en$ur8 a high quality ol provislon and sup•rvision. 3¥p118mal and Membership cl898es are held during Ihe year for Ihose who wlsh lo join Ihe church Sunday mornlng meets'ng5 provide opportunity'es for furthfrr inslru¢tion on Christian living and discipleship. stor As menllone¢J above the church has itg own Pastoral Team who pray for and VIS the slck and needy in the church. Th8 church also has it$ own 'Car? Fund, used lo dislrtbulè food to the needy wllhln the local community. Financial aid is ¥omelimes given bul this genefally lakes the form of 'Energy lok&n¥lcard vouchets,. Th¢ ¢hurch 'tithe$' on its Income, from whi¢h those that are known to be In some sort of need, bg il local, national or inlemalionally, finan¢ial help ¢an be given. 11 a particu18r naed becomes apparent lo the churGh tren a spec1 offering is made lo meet the need. The 'Cafe Fund, Pfovides care lo those in need in the community as outlined above. ort ows oth The Church has sliong link5 with th¢ Heart ol England 8aplist Associab'on which is the reyional part of the Baptist Union Som¢ in the church attend day and w8ekend conl8rences locally. The ¢hurch is also as$ated with The NET which Is a local grouping of 50 ¢hur¢hes 8eross th8 four Black Country Boroughs - where resources are shad, and collaboration between churches 1$ encouraged. anc8 rth All commillpd members of the ¢hur¢h are encouraged to pay a tenth of Ihelr ino)me to the chur¢h lo be able lo carry out the purpose of the Church.
GEORGE ROAD COMMUNITY CHURCH TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Full details ol the main achievements ol the charlly during the yeaf can bg found in the 'G8orge Road Communily Church R?ports 2024, pack. Thls is available on request. Financlal revièw Prlnclpal fundlng sources The ¢harily's principle funLling Source during the year was thè offerings from the congregation and related gift aid received which accounted for 8 lolal of £24,313 (2Q23'. £28,612) ol th& £60,81412023.. £52,781) lolal income for the year. Th8 ¢harily feceived grants from a nutnbor of Inslilulions lolalllng £8,450 12023.. £12.6251. Thèse were received from Better Unclerslandliig £50012023.. £8,000), HEBA £3,15012023: £8,625), Precious Times £4,80012023.' £Nill. The lolal expendilufe durlng the yeor of £52,34312023.' £53,883) included staff costs 01 £16,463 12023.. £15,6201, who were mainly employed for activities in pursuit of the church's objectives. Thè balan¢e ol expendilure durlng the year mainly related lo running costs lor premises used for the provision ol activities in PUT$uII ol th& ¢hurch's objectives. Reytrvès polley Cash reserves of £33.78412023. £24,520) ore held for future &xp&ndilure in pursull of the charily's objtcllves. This In¢lu(ttrs reslrl¢led ndS ol £10,14912023: £10,055). Total tunds carried fOard amounted lo £1.517,004 12023.. £1,508,533) Includlng unreslrictad funds of £1.506.855 12023.. £1,498,478) and rèslricled funds of £10,14912023. £10,055). Structurei governance and management Governlng docum8nt The charlly is controlled by ils governing document, 8 dèed ol trust and con$lllules an unincorporated charity.
GEORGE ROAD COMMUNITY CHURCH TRUSTEES. REPORT (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 Church Leaders The Church Le&ders who Served during the year We a$ follgws". S Millard- re$igne¢J 1510512024 J Hunter G Cowley S J Rushton Church Trèasurers The Church Treasurer who served during the yaar was as follows.. J Hunter Dechlon maklng The head of G&orge Road Community Church is Jesu3 Christ. As a church w8 aim to reflect HIS prlorille6 In 811 we do 4nd how w6 do it. No decision is èver made that woukl knowngly eontradicl any of Chrlsl's leach'ng. In addillon, through the 9uid8ncg ol the indwelllng Holy Spirit. we endeavour lo discern God's wlll for u8 as a church. Whenever we implement a plan we keep onè eye on our effeth'veness and the olhw on the next $t8p God seem8 10 be showing u8. On a human level, hvo groups ol peoplg direct the ministries of George Road Communlly Church, in addition lo the trtsstees who alè involved in each of these three groups. Tttose bodles are the leadershlp team and the small communSly gfOUP18aders. The le8dershlp leam are mernber8 ol the body who provide gen8rd watch, CBre and ov&r8ighl. Thay contlnu8lly ev81uate the teaching mlnistry of the church and revigw rnajof minlslry decislons and straleglc inllollves. They use the5r wisdom. disceTnmenl and shepherding glft$ lo ensure th& churGh 18mains in a Irue course biblically. that its members are beSn9 appropriately shephordgd, that the body is being encouraged through Insl9hfful and accurate biblical leachlng and that the life ol the church Is being well managed. The leadership team care for the splrllual and physlcal well belng of members, regularly pray for the gl¢k, guard Ihg church againsl harn71ul influences, conlronting th08e who are ¢¢nir8dicting bibllcal truth or who are conllnuing In pattern of 8inlul behaviour. In dolng so they are lo keep Closing polenb'al entrances for error, so thai the truth of Chrlsl ¥thll remain credible lo both the congregation and cornmunily. The leadeT8hip team i¥ made up of members of tho church They 8180 assist in the day tD day decisions ol the chureh. Assistance in areas of expertlse and gifting may rnean that a member of the 18ader8hip team ts delegated the main responsibility for an aTea of mlni81ry. Lead8r6hip team membfrrs are approved ty the whole church on the recommendation of the present leader$hip team. Sm911 commuftily 9roup leaders are responsible for the pastoral care and discipleship of the members of the v8rkoug groups. In addillon, church deacons are responsible for practtcal are88 ol the church, Trustees of Ihe church are accountsble to the charity commisslon for the work th& church participalos in, and in legal leTms carry the ultimate responsibility for the decisions that are made by the church, This fesponslbilily 18 fulfilled by Ihg involvement of Iruslegs In the different 4ecision makirkg groupB Outlined above. Recrultment and appolntment of trustees Tru$la8s are appointed from among the Church Members, wllh th¢ exceptlon of any newly appoinle£l Minlsler who may not be an existing Church Member, by way c)f a Church Memljeis, Me8llng. Constltullon The charity is governed by the church constitution adoplod 25 Juty 2012 and acquired chartty slaius on 30 July 2012.
GEORGE ROAD COMMUNITY CHURCH TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Olher m8tt8rs REFERENCE AND ADMINISTRATIVE DETAILS Registered Charfty numbef 1148366 Prlficlpal addrniB Jèn Hunter 17 ChanrE Croft Oldbury West Mldland 868 OJY Tru$l••$ G C¢)wl&y J Hunlor S Millard (Reslgngd 15IOS120241 S J RL48hton Th• Hèart ol Enlland B8ptl8tAssoclatlon hold tltlg to propèrty bglonglng lo the ch8rfty. Ind•p•nd•nt Ex•mln•r Jtrrroms GCN Llmited Chartergd Certified Ac¢ountsnts Wost Polnl, Second Floor MUCOW Office Pafk MUCOW Hlll Halesow8n B62 8DY B*nk•rn Lloyd& Bank plc 125 Hlgh Street Harbome Blmilngham 8179NP The Irustse$' report wa$ #pprovod by th• Board of Trust••8. J Hunter Trusts• 9 AprS12025
GEORGE ROAD COMMUNITY CHURCH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GEORGE ROAD COMMUNITY CHURCH I report to the trustees on my examinallon of the financlal statemer)Is of George Road Community Church ltre charityl fo¥ the year ended 31 December 2024. Responslbllltles and basls of report As the trustees ol the Charity YOU are responsible for the preparation of the financial $18lemenls in a¢cordance wlth the requirements of the Charities Ad 2011. l ieport in respect of my ekgmin81ion of the chafily's finan¢ial statements carried oul under section 145 of the Charities Act 2011. In c81rying out my examinatlon I have followed the Direction5 glven by the Charlly Cotnmission under sectSon 14515llb} of the Charities Act 2011. Independanl •xamln•r'8 Statem•nt Your attention Is drawn lo tho fact that tho charity has prepafed the finanaal statements In accordance with the felevanl version of the Statement of Recommended Pradi¢e applicable to charitl8s prep8ring their financla slalement5 in accordance wllh Ihe Fin8ncial Reporting Standard applicable th the UK and Republic of Ireland IFRS 1021 in preference tc• th8 A¢¢ounling and Reportlng by Charllies.. Sialewenl of Recommended Practice issued on 1 April 2005 which is ieferred lo in the extant regulations bul h88 now been ¥thlhdrawn. l undèrstand that this ha$ been done in order lor the financial slatemenl$ lo provide a true and fair view in a¢¢¢rdanee with UK Generally Accepted Accounting Practice. I have compbl¢d my examination. I confim that no m8tters have come lo my attenllon In Gonnectlon wllh the examinallon giving mè cause lo believe that In any rnalerial respect.. 4Gcouriting records were not kept in respect of the ¢harlty as qUIred by section 130 01 the Chorhl88Acl 2011. the financial 81alemenls do not accord vAlh those re¢ord¥,' or the flnancial slalemenls do not comply with the p1¢able requlremenls concerning the lorrn and conlenl ol financlal statements $&1 out In the Charities IAccounls and Report$l Regulations 2008 other than any requirement that the financial statements give a true and falr vlew, vA)Ich 1$ nol a matter consldered a5 Pgrt of an Ind•pendenl examlnots'on. I have no concerns and h8ve eome across no other matters in connècllon with the ex8minalion lo which attention should be drawn in this report in order lo pnable a proper understanding ol th? financial 8la19menls lo be reached. Alan Jones FCCA Jerroms GCN Limited Chartered Certified Accountants Vvesl Point, Second Floor Mucklow Office Park Mucklow Hill Halesowen 862 8DY Doted 9 Aplll 2025
GEORGE ROAD COMMUNITY CHURCH STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestrlcled Restrlcted funds funds 2024 2024 Total Unre$trlcted RestrSeted funds funds 2023 2023 Total 2024 2023 NotOS In¢ome and endowments Irom: Donations and legacies Charitable activities Othèr income 24,313 31,142 1,225 24,313 35,276 1,225 28,612 14,467 1,10S 28.612 23,044 1,105 4,134 6,577 Total Income 56.680 4,134 60,814 44,1B4 8,577 52,781 Expendlture on.. Charitable actlvilies 46,885 5.458 S2,343 40,657 13,226 53,883 Total expendttur¢ 40,885 5,458 52.343 40,657 13,226 53,883 Ntrl Incomtrllgxpgnditure 9,7Y5 11,3241 8.471 3.527 14,6491 11,1221 Tr8nslers between funds 1,4181 1,418 14,1361 4,136 Ntt movement In funds 8,377 94 8,471 16091 15131 11.1221 Reconclllatlon ol fund$: Fund balances at 1 Jgnuary 2024 1,498.478 10,055 1.508,533 1,499.087 10,5e8 1,509.655 Fund balances at 31 Dècèmber 2024 1,506,855 10,149 1.517,004 1,498,478 10,055 1,508,533 The $lalement of financial aelivilies in¢ludes all goin$ and losses recognlsed in the year. All Income and expenditure dorive Irom continuing aclivilies. Thè notes on pages 9 to 17 form p8rt of these fln8n¢ial statements.
GEORGE ROAD COMMUNITY CHURCH STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2024 2024 2023 Notss Fixed assets Tangible assets 12 1.481.705 1,481,625 Current assets Debtors Cash al bank and in hand 13 3,942 33,784 4,532 24.520 37.726 29,052 Credbtors: amounts lalllng due wlthln one year 14 12,4271 {2,1441 Net current assets 35,299 26,908 Total asg•t8 less current Ilabllltlos 1,517.004 1,508,533 The funds of the charlty Reslrlcted ineome funds Unrtrsiricled lunds 16 10.149 1,506,855 10,055 1,498,478 1,517.004 1,508,533 The note8 on poges 9 10 17 form part of these fina181 stalemenls. The financial slatgmenls werg approved by the Iruslees on g Aprtl 2025 J Hunter Trustee
GEORGE ROAD COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcles 1.1 Accountlng convention The financial slatemenls have been prepared in a¢¢ordance with the charity's governing document, the Charities Act 2Q11, FRS 102 'The Financial Reporting Slanda¥d applicable in the UK and Republic ol Ire18nd' and the Charities SORP "Aceounbng and Reportlng by Charities.. Statement of Recommended Practice applicable lo charities preparing their a¢¢ounls in aceordance with the Financial Reporting Standard applicable in the UK and Republic DI Ireland IFRS 1021" The charily15 a Public Benefit Entity 8$ ¢*ffined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare s statement ol cash flows. The financial slalemenls are prepared In sterling, which is the functional currency of the charity. Monetary amounts in thesè financial statemènts Are rounded lo thè nearest £. The financial slalemenls have been prepared undèr the hlslorical cost convention, moijifled to include thè revaluation of freehold proporties al fair value. The priri¢ipal accounting Polie$ adopted are sel out below. 1.2 Charltab19 funds Unreslrlcted funds can be used in accordance ¥th the charllable oblecllves al the di$¢rellon of the Iruslees, Reslricled funds can only be used lor particular restricted purposes within the objectives of th& d)arlly. Reslri¢lions arise when specified by Ihe donor or when funds ore raised for particular reslrlcled purposes. Frther &xplonalion of the nature and purpo88 of each fund is Included in the fru31ee$ report. 1,3 Income All Income is recognised In the Slalemenl of Flnanclal Activilies once the charity has enlillemeni lo the funds, I is Probable that th8 Income will be rac8lved gnd Ihe amounl Can be measur8d Teliably. efe there are terms or conditions attached lo incoming resourGe5, particularly gran15, then these terms or condllions must be met before Ihe income 18 fecognised as the entillemenl eonditlgn will nol be sali8fied until that polnl. Where terms or eondllions have not been mel or uncertainty exlsls 8$ lo whether they ¢an be m?1 then the rel&vanl income rs not recognised In the ygar but del•rred and shown on the balance sheet as deferred income. 1.4 Expendlture Liabilities are recognised as expenditure as soon 88 there is a legal or constructive obligation committing the charlty lo Ihal expenditure, il 15 probable that a transfer of economic benefrt5 will be required in settl8rnent and the amount of the obligation can be measured reliably Expenditure is ac¢ounled for on an accruals basis and has been cla$5ified under headings that oggregalo all cost felaled lo the cale90ry. Where costs cannot be directly attribulod lo particular headings they have been allocated lo activities on a basis conslslenl with the use of re50urce8. Grants offered subject to condi1Sons which have not been met at the yeor end dale ale noted 85 a commitment bul not accrued as expenditure.
GEORGE ROAD COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Ac¢ountlng policies Icontlnuedl 1.5 Tanglble flxèd ass818 Tanglble fixed assets under the cost model ore slated al hlslorical cost less 8ccumulaled depreclalion and any accumulated impalrm8nt losses. Hislorfcal cost Include5 expendiluro that is directly attributable to bringing the asset lo the location and condition necessary for tt lo be capable ol operating in the mannef intended by management. The charity adds to the carrying 8mounl ol an item of fixed assets the cost of replacing port ol su¢h an Itgm when the Cost Is incuired, il the replacement part Is 8xp&cled lo provide incremental iutuie benefits to tha charity. The carrying amount of the replaced part is derecognised. Repairs and maintenance are chargerl lo profil or loss during the period in which thèy are incurred, Dapreciaiion is charged 50 as lo allocate the cost of th8 a3$ets less their r•sidual value over Il*ir eslimaled uselul lives. Depreciation is provld6d on Ihe followln9 ba51$'. Freehold property Fixtures and litting5 0% 30% reducing balance Depr8ciallon has been provided at Ooh on treehold property as in the opinion ol the trustees, thèir lives are long and residual values are Such that depreclalion is not malorlal. The assets, residual values, ugeful lives and depreciation mglhods are r¢vi¢wèd, and 8¢Ylusl8d prospeclively rf appropriate, or if there 15 an indication ol a signlfic8nl chango Sin Ihe last reporting dale.Gains gnd 105S99 on dlspos818 afe determined by ¢omparin9 the proceeds with thè carrying amount and are recognised in the 81alemgnl ol Finandal Aclivilles. Only fixed a$sèlg C081ing in excess of £500 are capilallsed and valued 81 hl$l¢ri¢ ¢o$l. All other assets are written off dlrectly to the Statement of Finan¢i41 Activiligs. 1.6 Cash and cash 8qulvaleniB Cash and cash equivalents Include cash in hand, dgp0811s held al call Ythlh banks, other short-tèrm liqulcl inve8lmenls with original malurilies ol three months ¢r16$8, and bank overdiafts. Bank overdraft5 #re shown within borrowings in cutrenl liabilits'es. 1.7 Taxallon The charity is exernpt from lax on119 eharllable activities. 10-
GEORGE ROAD COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Crltlcal accountlng e$tlmates and Judgements Crltlcal accountlng judgements and estimatlon uncerLilnty Eslimales ancl judgements are eonlinually evaluated and are based on historical experience and other factors, including expectations of future events Ih$l Bre bèlieved lo be reasonable under the circumstances. Crltlcal accounllng estlmales and assumptlons The charity m8kes eslimales and assumptions concerning the future. The resulting accounting eslimales will, by definition, seldom equal the related actual results. The eslimales and assumptsons that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next fin8n¢181 P8riod are addressed below.. Useftsl èconomic Ilves ol tanglble assets The annual deprecialiorn charge lor tangible assets Is sensitive lo changes In the eslimaled useful econornic Ilves and residual values of the assets. The useful economic lives and residual values are re.assessed annually. They are amended then nec&ssary to Teflecl current eslimales. based on technological advaneemènl, future inveslmenl$, economie ulilisation and the physical condition ol the a5sel$ Income from don8iion• and legacle¥ Unr¢¥lrlcted funds 2024 Unretstrktèd lund8 2023 Donations an(5 gifts 24,313 28,612 Donatlon8 and glfts Cash offerings Income lax refunds 20.183 4,130 23,873 4,739 24,313 28,612 In¢ome from charltable actlvltlei Unr•Gtrl¢ted Restrl¢tod fund8 funds 2024 2024 Total ur¢rIC1•d Restrlct•d fundy lund$ 2023 2023 Total 2024 2023 Charltable actlvltles Other income from charilabll8 actiwties Grants Ch8ri1able rental Income 1.695 8,450 20,997 4.134 5,829 8,450 20,997 1,842 12,625 8,577 10,419 12,825 31,142 4.134 35,276 14,467 8,577 23,044
GEORGE ROAD COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Other income UnrestNeted Unrestricted funds funds 2024 2023 Room hiré 1,225 1,105 Expendlture on charhtsbl& actlvltle8 Charltable actlvltles 2024 Charltable a¢tlvltl 2023 Dlrect ¢ts Minlslry expenses Olhei activities gxpendilure 1,203 3,258 1.070 4,395 4,461 5,465 Grant fun¢Ylng of aelivllle5 (see note 71 2,150 2,961 Share of support and governance costs18ee note 81 Support Govefn8nce 42,979 2,753 43,008 2,449 52,343 53,883 Analysls by fund Unreslricled funds Rèslrieitsd funds 48,865 5,458 40,857 13,226 52.343 53,883 Grants payable Charltsble activltles 2024 Charltable a¢tivitles 2024 Giants lo insliltrtions.. Other 2.150 2,961 12-
GEORGE ROAD COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Support costs allocated to actlvltles 2024 2023 Slafl costs Depreciation Rgles and water Insurance Light and heal Communication and information technolcgy Postage and slats'onery Repairs and malnlenance Motor and Iravelling costs Miseèllaneous Governance eosls 18,463 630 617 3,368 6,616 2,375 1,463 7,497 so 3,900 2,753 15,620 697 570 2,872 5,505 2,384 1,699 9,909 25 3,729 2,447 45,732 45,457 Analy6•d between.. Charitable 8clivilie8 45,732 45,457 N•t movèmènt In fund$ 2024 2023 The n61 movement in funds is slated after charglngllGredllSngl', Fees payable for the Independent èxamination ol the charity's fin8n¢ial statements Ooprecialion of owned langiblg fixed os8?t$ 1,866 63Q 1,584 697 10 Employ068 The average monthly number ol employ•88 during the year was.. 2024 Number 2023 Numbèr Trustee$ General Total Employmenl costs 2024 2023 Trustees, salaries Staff eosls 14.370 2,093 13,250 2.370 16,463 15,620 13-
GEORGE ROAD COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 10 Employles {ContlnuÈdl Payments were rnade lo Iruslees in the for of salary and pension In their role as pastor during the year S Rushlon £14,37012023 . £13,250). There were no employees whose annual remunerallon was more than £60,000. 11 TaxatSon The charity 1$ gxempl from tsxation on ils a¢livilies becaustr all Ils ineDmè1s app5ied for charitable purposes. 12 T•nglblg flxed assets Freehold IAftd Flxtur•$ ond and bulldlngs Iltting$ Total Co8t or valuatlon At 1 January 2024 Addlllons 1.480,000 15,521 710 1,495.521 710 Al 31 OeGember 2024 1.480,000 1e,231 1,496,231 Depreclatlon and 5mp•lm)•nt Al l January 2024 Deprocialion charged In tho yea¥ 13,898 630 13,898 630 Al 31 December 2024 14,S26 14,526 Carrylng amount Al 31 Dty¢¢mber 2024 1,480.000 1,70S 1.481.705 At 31 Dè¢gmber 2023 1,480,000 1,625 1.481,625 Freehold property was valued on an insurance basls on 12 June 2017 by Simon T. Lèe, CBE, FRICS, IRRV (Honsl. At 31 De¢8mber 2024, had the revalued assets be¢n Carried al historic cost less accumulated depre¢iallon and accumulated impoirmenl losses. their cairying amount would have been approximately £289,S8012023 - £289.5801. 13 0oblor$ 2024 2023 Amounts f8lllng due wlthln one year: Other debtors Prepayments and accrued income 3,416 526 4,030 502 3.942 4,532 14-
GEORGE ROAD COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 q4 Credltors.- amount5 falllng due wlthln one year 2024 2023 Other laxalion and social security AccTuals and deferred income 221 1,923 2,427 2.427 2.144 15 RtrIcted funds At 1 January 2024 Incomlng Resources rgsources gxpended Tranyt•rs At31 Decembgr 2024 Clothes fund Coffee mornlng fund Comelggolhor Communlly ¢are lund Exitrnd Garden fund Surplus lilhe Youth 1,401 2.085 402 474 1,559 528 2.046 1,562 700 soo 1271 12781 2,074 2,243 1641 14021 783 1501 2,600 113 11,5621 433 698 13181 1501 12,5851 12,2001 1,372 2.157 541 1.762 1,803 10,055 4,134 15,4581 1.418 10,14 Prevlous y8ar: At 1 January 2023 Incomlng Resour¢e$ re&ourGes expendod TrAnstèr8 At31 Decttmber 2023 Clothe5 fund Coffee morning fund Come together Community care fund Extend Garden fund Main door Messy churc Surplus lilhg Youth 1,641 1,597 539 161 1,979 306 1.032 184 1,829 1,500 910 1,396 1,060 709 520 30 1.062 {1,1501 18501 13001 1,401 2,085 402 474 1,559 526 12581 18971 15801 12901 12,3701 16,4201 16501 2,560 4,326 (1841 2.828 62 12,4111 2.046 1.562 10,568 8,577 113,2261 4,138 10,055 15-
GEORGE ROAD COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 16 Unrestrlcted funds At 1 January 2024 Incomlng r880urce$ Resources oxpended Transfer¥ At31 Dècèmber 2024 Activities in advancement of the christian fallh Hope House Revaluation rese*vg 303,124 4,g34 1,190,420 51,380 5,300 (4fj,8851 1,182 12.600} 308,801 7,634 1.190,420 1,498,47e S6,680 146,885) 11,4181 1,506,855 Pr•vlou$ year.. At 1 January 2023 Incomlng rOSOUfces Resourc9¥ oxpended Transfers At31 December 2023 Aclivilie5 in 8dvancemenl of the chrlsliaii faith Hopo House Revaluailon reserve 304,997 3,670 1,190,420 3e,184 e.Doo 140,6571 600 14,7361 303,124 4,934 1,190,420 1,499,087 44,184 140,657) 14,136) 1.498,47 17 AnalyJlg of nèt a$$ets b¢tw•oft tund$ Unre$trl¢ted lunds 2024 Restrlcted funds 2024 Total 2024 At 31 December 2024.. Tangible asstsls Current asselsllliablliliesl 1,481,705 25.150 1,481,705 35,299 10,149 1.506.855 10,149 1,517.004 Unrèstrlcted funds 2023 Restrlcted funds 2023 Total 2023 At 31 Oecember 2023: Tangible assets Current asselsllli8bililiesl 1,481.e25 16.853 1,481,825 26,908 10,055 1,498,478 10,055 1,508,533 16.
GEORGE ROAD COMMUNITY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 18 Relatod party transa¢tlony There were disclosgble related party transaclDn5 during the year12023- none). 19 ULTIMATE CONTROLLING PARTY As the entity Is a charity. there is no ullim81è conlrolllng paty. The charity is rLtn anLI deG1$1$ are made ty the trustees. The charity complies th the fules of the Charity ¢ommission by having Ihrge or more Iru5tees in Off& durlng the Accounting period 17-