Charity registration number 1151147 (England and Wales Company registration number 08310740 FOREST GATE CHURCH ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024
FOREST GATE CHURCH LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr K Jones Mrs H R Bird Mrs S B Gibson Mrs S L Jones Secretary Mr K Jones Charity number {England and Wales) 1151147 Company number 08310740 Registered oiTice Youth and Community Building New Road Mitcheldean Gloucestershire United Kingdom GL17 OBX Independent examiner Edward Richards Thome & Co 1 St Mary's Street Ross-on-wye Herefordshire England HR9 5HT
FOREST GATE CHURCH CONTENTS Page Chairman's Report Trustees, report Independent examinerfs report Statement of financial activities Balance sheet Statement of cash flows Notes to the financial statements 9-15
FOREST GATE CHURCH CHAIRMAN'S REPORT FOR THE YEAR ENDED 30 NOVEMBER 2024 Chairman's Report to the Forest Gate Church Charity AGM May 21sL 2025 Firstly, I'd like to welcome you all. and to thank you for coming to ourAnnual General Meeting. Forest Gate Church became a registered Charity in March 8th, 2013. We have a legal requirement to have charity members and directors, and we must hold an Annual General Meeting every year where new members can be welcomed and where directors can be appointed by the membership. This year we haven't received any new applications for charity directors but we do have t0 new applications for membership which we'll consider later in the meeting. We currently have 28 members and 6 directors, with myself as Chair of the directors and Hayley as secretary. The other charity directors are: Sara, Duncan, Linda and Sandy. Directors serve for a 3 year term and may then be r&elected for a further temi. They must ensure that the charity remains solvent and is run efficiently and effectively. To these ends they work closely with the senior leaders, Louise and John. and we are very grateful for the work they conts'nue to do for God's kingdom in this place. The directors meet once a quarter along with one of the senior leaders and Melanie submits a financial report to every directors, meeting. She will shortly present to this meeting an overall report for the financial year that ended in 2024. You will see from her report that our finances continue to be stable and sound, and I'd like us al to thank Mel for all the work she does as treasurer for the church - not only is she very efficient and diligent, but she also responds so quickly to all our requests for which I'm extremely grateful. While we must fulfil our legal obligations to comply with company law and the Charities Commission, we are after all a church. The purpose of our church is to teach the ways of God, serve Him faithfully and enthusiastically within our community, and to share the Good News of Jesus with those around us. In addition to our Sunday worship services. Little Sprouts continues to operate on a weekly basis in term time for preschool children and their parentslcarers, we have a monthly community coffee moming and a monthty senior citizen's coffee morning. Gatecrash operates every Friday evening in term time with over 40 young people coming to every session, and Housecrash runs at Steve and Lou's home once a month on a Sunday evening. For everyone who supports any of these activities l just want to offer once again my heartfelt thanks. This concludes my report to the AGM - I'll now hand over to Melanie for the financial report and then onto Louise for the leaders, report. Keith Jones Forest Gate Church Chairman
FOREST GATE CHURCH CHAIRMAN'S REPORT (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 Keith Jones Chairnian
FOREST GATE CHURCH TRUSTEES. REPORT {INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 30 NOVEMBER 2024 The trustees present their annual report and financial statements for the year ended 30 November 2024. The financial statements have been prepared in accordan wth the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document. the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP ,CoUntIng and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)" Objectives and activities To advance the Christian Faith for the benefit of the public in accordance with the statement of beliefs in such ways and in such parts of England and Wales or the Wortd as the directors may from time to time think fit. To advance education in such ways and in such parts of England and Wales or the Worfd as the directors from time to time may think fit. To relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind induding through the provision of counselling and support in such parts of England and Wales or the World as the directors from time to time think fit. Public benefrt The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. Achievements and performance SignrfiGant activities and achievements against objectives Financial review Resernes policy It is the policy of the charity that unrestricted funds vthich have not been designated for a specific use should be maintained at a level equivalent to behveen three and six month's expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they wll be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reseNes has been maintained throughoLrt the year. Structure, governance and management The charity is a company limited by guarantee. The goveming document of the charity is the company's Memorandum and Articles of Association. The business of the company is managed by a Council of Manajement. Members of the Council of Management are the trustees of the charity. The trustees, who are also the directors for the purpose of company law. and who served during the year and up to the date of signature of the financial statements were= Mr K Jones Mrs M Hewis Mr S P Jones Mrs H R Bird Mrs S B Gibson Mrs S L Jones (Resigned 22 May 2024) (Resigned 22 May 2024)
FOREST GATE CHURCH TRUSTEES. REPORT {INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 Recniitment and appointment of tnjstees Forest Gate Church recognises that an effective board of trustees is essential if the charity is to be effective in achieving its objects. Forest Gate Church is committed to be representative of the people with whom the charity works and have available to it all of the knowledge and skills required to run the charity. Individual trustees must have sufficient knowledge both of trusteeship in general and of the Charity's activities to enable them to carry out their role and to represent the Charity at meetings and other events. Forest Gate Church operates an open recruitment prOsS and the constitution allows any of our members to nominate candidates for trusteeship at the AGM. Trustees may also be COwOPted. None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a wnding up. The company's current policy conceming the payment of trade ¢dItorS is to follow the CBI'S PronTst Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1 DU). The company's current policy conceming the payment of trade creditors is to". settle the terms of payment with suppliers when agreeing the terms of each transaction- ensure that suppliers are made aware of the temis of payment by indusion of the relevant terms in contracts., and pay in accordance with the company's contractual and other legal obligations. The trustees, report was approved by the Board of Trustees. Mr K Jones Trustee 19August 2025
FOREST GATE CHURCH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FOREST GATE CHURCH I report to the trustees on my examination of the financial statements of Forest Gate Church {the charity) for the year ended 30 November 2024. Responsibilities and basis of report As the trustees of the charity (and also its directors for the purposes of company law). you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the financial statements of the charty are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination. I report in respect of my examination of the charity's financial statements carried out under section 145 of the Chanties Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection wth the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006. the financial statements do not accord wth those records: or the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is nct a matter considered as part of an independent examination., or the financial statements have not been prepared in accordan with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102). I have no concerns and have come across no other matters in connection wth the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Edward Richards FCCA Thorne & Co 1 St Mary's Street Ross-on-we Herefordshire HR9 5HT England 19August 2025
FOREST GATE CHURCH STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 NOVEMBER 2024 Unrestricted funds 2024 Unrestricted funds 2023 Notes Income from: Donations and legacies Charitable activities Investments 62,611 8,389 1,082 55,219 3,470 606 Total income 72,082 59,295 Expenditure on: Charitable activities Other expenditure 67,314 2,824 53,276 232 11 Total expenditure 70,138 53,508 Net income and movement in funds 5,787 Reconciliation of funds: Fund balances at 1 December 2023 108,528 102,741 Fund balances at 30 November 2024 110,472 108,528 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from conlinuing activities.
FOREST GATE CHURCH BALANCE SHEET AS AT 30 NOVEMBER 2024 2024 2023 Notes Current assets Cash at bank and in hand 111,417 108,967 Creditors: amounts falling due within one year 14 {945) (439) Net current assets 110,472 108,528 The funds of the charity Unrestricted funds 15 110.472 108,528 110,472 108,528 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 November 2024. The directors acknowledge their responsibilities for complying Vth the requirements of the Companies Act 2006 th respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of its finanaal statements for the year in question in accordance with section 476. These financial ststements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the trUStS on 19 August 2025 Mr K Jones Trustee Company registration number 08310740 (England and Vlales)
FOREST GATE CHURCH STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 NOVEMBER 2024 2024 2023 Notes Cash flows from operating activities Cash generated from operations 17 1.368 6,914 Investing activities Investment income received 1,082 606 Net cash generated from investing activities 1,082 606 Net cash generated from financing activities Net increase in cash and cash equivalents 2.450 7,520 Cash and cash equivalents at beginning of year 108,967 101,447 Cash and cash equivalents at end of year 111,417 108,967
FOREST GATE CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024 Accounting policies Charity infomiation Forest Gate Church is a private company limited by guarantee incorporated in England and Wales. The registered office is Youth and Community Building. New Road. Mitcheldean, Gloucestershire. GL17 OBX, United Kingdom. 1.1 Basis of preparation The financial statements have been prepared in accordance wth the charity's governing document, the Companies Act 2006, FRS 102 'The Financial Reporting Stsndard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling. which is the fvnctional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, Imodified lo include the revaluation of freehold properties and to include investment properties and rtain financial instruments at fair value]. The principal accounting policies adopted are set out below. 1.2 Going ¢on¢em At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existen for the foreseeable future. Thus the trustees continue to adopt the going concem basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in fvrtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment ndS are subject to specific conditions by donors that the capital must be maintained by the charity. 1.4 Income Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income V11 be reived. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performan conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on reIpl or otherwise if Ihe charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
FOREST GATE CHURCH NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 Accounting policies (Continued) 1.5 Expenditure Expenditure is recognised once the is a legal or construdive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of dIrt costs and shared costs, including support costs involved in undertaking each activity. Direct costs attr1bUtae to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned beeen those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. 1.6 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposits held at call wth banks. other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. Basic financial assets Basic financial assets, which indude debtors and cash and bank balans. are initially measured at transaction price including transaction costs and are subsequently carried at amortised Cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, induding creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the Ordin course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. DeCognItion of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 1.7 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's seNices are received. Temiination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide temiination benefits. 10-
FOREST GATE CHURCH NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 Critical accounting estimates and judgements In the application of the charity's accounting policies. the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects ClY that period, or in the period of the revision and future periods where the revision affects both current and future periods. Income from donations and legacies Unrestricted funds 2024 Unrestricted funds 2023 Donations and gifts Legacies 6,610 56,001 4,720 50,499 62,611 55,219 Donations and gifts Gift Aid 6,610 4,720 6,610 4,720 Legacies Covenants and collections 56,001 50,499 56.001 50,499 Income from charitable activities Unrestricted funds 2024 Unrestricted funds 2023 Charitable activities Events Charitable rental income Gifts 7.253 591 545 2,839 411 220 8,389 3,470 11
FOREST GATE CHURCH NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 Income from investments Unrestricted Unrestricted funds funds 2024 2023 Bank interest 1,082 606 Expenditure on charitable activities Unrestricted Unrestricted funds funds 2024 2023 Direct Costs Insurance Light and heat Telephone Stationery Sundry expenses Motor and travel Repairs Training Accountancy Wages Semion expenses Banners Speakers Rates and water 1,054 1,573 574 3,473 7,679 1,024 2,173 364 934 {8581 1,844 4,862 1,016 354 19,583 1,188 5,479 600 185 8,918 497 378 25,464 899 2,994 1,649 196 55,348 38,748 Grant funding of activities (see note 7) 11,966 14,528 67,314 53,276 Analysis by fund Unrestricted funds 67,314 53,276 Grants payable Unrestricted Unrestricted funds funds 2024 2023 Grants to institutions.. Other 11,966 14,528 12-
FOREST GATE CHURCH NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 Net movement in funds 2024 2023 The net movement in funds is stated after chargingl{crediting)'. Fees payable for the independent examination of the charty's financial statements Trustees None of the trustees (or any persons connected fjth them) received any remuneration or benefits from the charity during the year. 10 Employees The average monthly number of employees during the year was.. 2024 Number 2023 Number Worship Leaders There were no employees whose annual remuneration VRS more than £60,000. Remuneration of key management personnel The remuneration of key management personnel was as follows: 11 Other expenditure unstrICted Unrestricted funds funds 2024 2023 Young people 2,824 232 12 Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 13 Limited by Guarantee The company is a private company limited by guarantee and consequently does not have share capital. Each of it's members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation. 13-
FOREST GATE CHURCH NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 14 Creditors: amounts falling due within one year 2024 2023 Other taxation and social security Trade creditors Accruals and deferred income 141 450 354 439 945 439 15 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balanS of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At1 December 2023 Incoming resources Resources expended At30 November 2024 General funds 108,528 72,082 (70,138) 110,472 Previous year: At1 December 2022 Incoming resources Resources expended At30 November 2023 General funds 102,741 59,295 (53.508) 108,528 16 Related paty transactions There were no disclosable related party transactions during the year (2023 - none). 17 Cash generated from operations 2024 2023 Surplus for the year 1.944 5,787 Adjustments for: Investment income recognised in statement of financial activities (1,082) (6061 Movements in working capital: (Increase)Idecrease in debtors Increase in creditors 506 1,732 Cash generated from operations 1,368 6,914 14-
FOREST GATE CHURCH NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 18 Analysis of changes in net funds The charity had no matertal debt during the year. 15-