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← Gordano Valley Church

2024-06-30-accounts

Gordano Valley Church

Report and Accounts Year ended 30 June 2024

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Gordano Valley Church

LEGAL & ADMINISTRATIVE DETAILS

FOR THE YEAR ENDED 30 JUNE 2024

ADDRESS FOR CORRESPONDENCE

GVC Trustee Secretary 4 Combe Rd Portishead North Somerset BS20 6BJ

GOVERNING DOCUMENT

Company Registration 8476305 until conversion to a C CIO Constitution dated 22 March 2024

CHARITY REGISTRATION NUMBER

1152104

TRUSTEES RESPONSIBLE FOR MANAGING THE CHARITY I Coules P Boyland Resigned 25 March 2024 N Fletcher Resigned 25 March 2024 C Gurney Chair J Storey R Conkie Appointed 26 March 2024 R Bradly Appointed 28 May 2024 Appointed secretary from 18 September 2024

INDEPENDENT EXAMINER

Lourens Du Plessis Stewardship 1 Lamb's Passage LONDON EC1Y 8AB

INDEX

Page 2 Legal & Administrative Details Pages 3-13 Trustees' Report Page 14 Independent Examiner's Report Page 15 Receipts and Payments Account Page 16 Statement of Assets & Liabilities Pages 17-18 Notes to the Accounts

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GORDANO VALLEY CHURCH

TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT) FOR THE YEAR ENDED 30 JUNE 2024

statements of the charity for the year ended 30 June 2024.

1. Structure, Governance and Management

1.1 History

1.1.1 Gordano Valley Church Trust was cons�tuted by a deed of trust on 14 March 1993, with a supplemental trust deed dated 7 September 1997.

1.1.2 Gordano Valley Church was incorporated as a charitable company limited by guarantee on 5 April 2013, with company number 8476305. On 20 May 2013 it achieved charitable status and was entered onto the Register of Chari�es, with charity number 1152104.

1.1.3 Gordano Valley Church took over all the assets and liabili�es of Gordano Valley Church Trust with effect from 1 July 2013.

1.1.4 Gordano Valley Church Trust was dissolved and removed from the Register of Chari�es

1.1.5 Gordano Valley Church converted from a charitable company limited by guarantee to a Charitable Incorporated Organisa�on (CIO) on 22 March 2024 and the limited company was removed from the Register of Companies.

1.2 Recruitment and Appointment of Trustees

1.2.1 Trustees are selected on the basis of their experience and skills, usually from among the congrega�on of Gordano Valley Church. They are formally appointed by the Core Leadership of the church. Future appointments will be covered by the safer recruitment policy currently under development by the charity’s Safeguarding Lead (see sec�on 1.4.2).

1.2.2 The Trustees regularly review their membership to ensure they have the right balance, diversity and spread of exper�se required to govern the affairs of the charity.

1.2.3 Nicolas Robert Fletcher and Philippa Grace Boyland resigned as Trustees on 25 March 2024. Rosalind Clare Conkie was appointed as a Trustee on 26 March 2024 and Rebekah Mary Bradly on 28 May 2024.

1.3 Organisa�on of the Charity

1.3.2 The Trustees met every two months.

company. Services provided by Trustees, and other related party ac�vi�es, are outlined in the

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1.3.4 The church was led by six Core Leaders, three of whom were employed by the charity, one full-�me and two part-�me.

1.3.5 The charity also employed a part-�me administrator.

1.3.6 The Core Leaders were represented at Trustees' mee�ngs by one of their number, Sam Marsh.

1.3.7 Under the supervision of the Core Leaders, smaller subgroups met regularly, including worship leaders, house group leaders, youth and children's work leaders, and other small groups.

1.3.8 The charity has no direct rela�onship with any other charity.

1.4 Safeguarding and Assessment of Risk

1.4.1 During the repor�ng year, a designated Trustee was given responsibility for oversight of safeguarding and risk assessment and a new volunteer Safeguarding Lead was appointed.

1.4.2 An updated safeguarding policy has been developed by the Safeguarding Lead, in consulta�on with the Chris�an safeguarding charity Thirtyone:eight. The policy is due to be formally adopted by the Trustees at their November 2024 mee�ng. A training programme for Trustees, Core Leaders, staff, and volunteers will then be drawn up and implemented. Suppor�ng policies and documents, including a par�cular focus on safer recruitment, are currently under development.

1.4.3 The charity's risk assessment policy was rewri�en and approved by the Trustees.

1.4.4 Risk assessments are in place covering:

1.4.5 Individual risk assessments for par�cular events were reviewed and approved by Trustees.

review.

2. Object, Mission and Aims

2.1 Object

North Somerset and in such areas of the United Kingdom and the world as the Trustees may from �me to �me decide.

2.1.2 This is deemed to include:

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2.1.3 There are no restric�ons in the Ar�cles of Associa�on on the way the charity operates, other than to conduct its affairs in accordance with the object above.

2.1.4 All the charity's ac�vi�es to achieve its object are those normally associated with a local church.

2.2 Mission

con�nually reproducing the life of Jesus.

2.2.2 In addi�on the church uses the strapline: releasing us to release Jesus’ love into our community.

2.3 Aims

2.4. Guiding Principles

2.4.1 In pursuing its object, mission and aims, the church always seeks to operate according to biblical principles, modelling rela�onships, values, and a�tudes consistent with biblical teaching on the Kingdom of God and with the life and character of Jesus Christ.

3. Ac�vi�es

In pursuit of its aims, the church has undertaken the following ac�vi�es of direct or indirect benefit to the public. In planning the ac�vi�es, the Trustees have applied the guidance on public benefit issued by the Charity Commission:

3.1 Equipping the Church

3.2 Deepening Rela�onships

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3.3 Growing in Maturity

3.4 Serving the Community

3.5 Developing a Wider Vision

4. Achievements

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4.1 Events and Engagement

4.1.1 Average a�endance at Sunday services has been ninety. Services have also been live streamed on YouTube. A number of vulnerable people have preferred to a�end church in this way.

4.1.2 Average a�endance at Second Sunday services has been over one hundred. Four families have started to a�end church more regularly as a result of this contact.

4.1.3 Eight house groups met during the year, some in person and others online. Group members supported one another in numerous ways, offering prac�cal, spiritual and emo�onal support. Isolated people were visited, given li�s to church and medical appointments, and offered hospitality in people's homes.

4.1.4 The church ran an Alpha course with seven par�cipants.

people.

4.1.6 The Lighthouse group for children met every Sunday, except Second Sundays and during the summer holidays. Numbers s�ll constantly fluctuate but during this period the average number of children increased to ten. There are now 17 children on the register.

4.1.7 The FROG group for young people met three �mes a month and average a�endance has been eight.

4.1.8 During the summer of 2023 the church ran a three-day Cludo Holiday Club and four Cludo events, including swimming, a day trip to Noah’s Ark Zoo, trains at Ashton Court, and a Sunday Funday. These were a�ended by ninety families who do not normally a�end church. Jointly with Willow Community Gardens, Por�shead, Cludo also held 'Muddy Play' events each school holiday and a pumpkin carving a�ernoon in the October half term of 2023. These were a�ended by about fi�y families.

4.1.9 The Challengers group met weekly during term �me. Average a�endance has been 22. There were also ad hoc gatherings for youth games nights.

4.1.10 In April, May, and June 2024 GVC ran Wild Church, a joint youth group with St Peter's, Por�shead, focusing on connec�ng with God in nature. Twelve young people a�ended.

4.1.11 The church held Christmas assemblies at Gordano School for years 7 to 10 (approximately 1,200 students), as well as Chris�an Union, with an average a�endance of eight, and Kindness Room, a drop-in prayer space, which approximately 30 children a�ended.

six different local primary schools during the 2023/24 academic year. The total team was sixteen to eighteen storytellers from different local churches, including GVC.

4.1.13 The church ran three paren�ng groups. Three were for parents of children aged two to ten years. These courses were held in two local primary schools. Nineteen families a�ended and 41 children were impacted. Two addi�onal facilitators have been trained to enable the number of courses in the future to increase.

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4.1.14 The church ran two Restored Lives courses, which were a�ended by eight people.

4.1.15 Oak Tree Club met four �mes a month. Average a�endance was eight.

4.1.16 The Art and Cra� group met every Monday. 26 people from outside the church have a�ended at various �mes. Average a�endance has increased.

people.

4.1.18 A team from the church leads a church service in four care homes each month, and a sheltered housing facility each quarter. Several church members have helped at a weekly day care group.

4.1.19 All services during Advent 2023 were widely adver�sed. The Second Sunday family na�vity service was a�ended by 115 people, the morning carol service by 131, and 120 people a�ended on Christmas Day.

4.1.20 The church held a joint unity service with other local churches in May 2024. 300 people a�ended.

4.1.21 Men's Breakfasts were held monthly, with an average a�endance of eighteen.

4.1.22 Women's Breakfasts were held monthly, with a Women's Away Day in May 2023. A�endance ranged from six to fi�een women, with 41 women at the Away Day.

4.1.23 The Intercessory Prayer Group met online weekly throughout the year suppor�ng, through persistent prayer, the a�endees and ac�vi�es of the church as well as praying for the local community, the church’s mission partners across the world, and ma�ers of na�onal and interna�onal concern.

4.1.24 A church member runs a Know Your Bible study group in Por�shead. Know Your Bible is part of the wider ministry of CWCI Interna�onal, which includes providing Bible study books, conferences, and quiet days, with the aim of 'Transforming Women's Lives by the Power of God's Word'. The group is made up of members from several local churches and meets in members' homes. The method of study combines individual explora�on with group discovery and sharing, which the leader then summarises. The aim of the group is to get to know what God's Word says and apply it to how we live.

4.1.25 The Core Leaders have a�ended Away Days throughout the repor�ng period. They meet with other ministers both locally and outside Por�shead. They a�end specific training and networking events, including New Wine regional mee�ngs six �mes a year and Woodlands Associate mee�ngs four �mes a year.

Stewardship and Burton Sweet. The two new Trustees were provided with reading material from the charity and the Charity Commission, whilst awai�ng the next available induc�on training event.

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4.1.27 The church's Youth Worker a�ended Bristol Youth Networking events, a Woodlands Church leaders’ network event, and training courses on Dyslexia, Engaging with Culture, and Raising Confident Kids.

4.1.28 The Youth Worker took four young people to South West Youth Ministries' Transforming A Genera�on (TAG) conference in November 2023 and twelve to their Spree Fes�val in June 2024

4.2 Por�shead Foodbank

4.2.1 The Foodbank in Por�shead is a branch of the Clevedon District Foodbank, which is seeded by the Trussell Trust. Clevedon District Foodbank manages all funds and oversees the opera�on in Por�shead. Por�shead Foodbank holds a small pe�y cash float, which goes through Clevedon District Foodbank's accounts, not Gordano Valley Church's.

4.2.2 The Foodbank has opened every Friday from 12 noon to 2pm at the church's premises at 4 Combe Road, Por�shead.

4.2.3 During the repor�ng year, Trussell Trust formally separated themselves from the Outside Fresh Food department which is now the only aspect of the work managed by GVC.

4.2.4 During 2023, the Foodbank gave out food parcels to those who had been referred with vouchers, which fed 805 adults and 706 children. This included lunch bags given out in the school holidays to those children who normally receive free school meals. 600 hampers were delivered across the Clevedon Foodbank district at Christmas 2023.

4.2.5 In addi�on, Outside Fresh Food volunteers made up and delivered 1,131 boxes to families, couples and individuals without vouchers, and a further 2,266 people came to 4 Combe Road to choose non-voucher fresh food.

4.3 Chris�ans Against Poverty

4.3.1 Together with other churches in Por�shead, Clevedon, and Nailsea, Gordano Valley Church helped fund the part-�me Manager of the local Chris�ans Against Poverty Debt Help Centre.

4.3.2 Volunteers from Gordano Valley Church also assisted the work of the Debt Help Centre through befriending and prayer support.

4.4 Hope into Ac�on House

4.4.1 A�er an incident at the end of May 2023, one tenant was temporarily rehoused, and evic�on proceedings were pursued against another tenant, who later found alterna�ve accommoda�on. Hope into Ac�on (HiA) learned lessons from this experience and the GVC friendship and support group were stretched.

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4.4.4 A further tenant moved in during August 2023 and stayed a couple of months. Yet another tenant moved in during March 2024 and stayed a couple of months. A further tenant moved in at the end of May 2024.

4.4.5 During the period covered by this report, the house was 44% occupied, an increase from 35% in the previous period, but far below the 80% expecta�on set by HiA and below the level needed for financial viability for HiA.

4.5 Christmas Appeal

4.5.1 The church’s 2023 Christmas Appeal raised £5,555 which was split between the GVC Community Fund (£580) and the GVC Mission Fund (£4,975).

4.6 Mission Partners

4.6.1 The church donated a total of £11,100 to support eleven individual mission partners (two of whom are no longer supported) and the Chris�an TV and digital media network, SAT7.

4.7 Christmas Shoe Boxes

4.7.1 At Christmas 2023, 125 shoeboxes were collected for the Blythswood Appeal from Gordano Valley Church and St Peter’s Church.

5. Financial Performance

5.1 Funds

5.1.1 The funds held by the charity are:

5.2 Finances

5.2.1 With the change in legal governance structure from a company limited by guarantee to a CIO (see sec�on 1.1), Gordano Valley Church took the opportunity to change from Accrual Accoun�ng to Receipt and Payments Accoun�ng for the whole financial year. Figures for 202223 have therefore been restated to reflect this change.

5.2.2 The Total Funds surplus for the year ended 30 June 2024 was £8,537 compared to the restated figure of £5,266 in 2022/23. Total funds were £82,665 made up of £81,653 in general funds and £1,012 in restricted funds. This compares to a restated total of £74,128 in 2022/23.

5.2.3 The church received total income of £174,659 in 2023/24 compared with restated total income of £168,986 in 2022/23. Regular dona�ons held up well, with 62 regular donors

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making monthly gi�s of £12,080 (including Gi� Aid) in July 2024, compared with 62 donor households making monthly gi�s of £12,195 in July 2023.

5.2.4 As is common in churches, a rela�vely small group of donors contribute a large propor�on of the overall income, meaning that the church finances can be vulnerable when these donors leave the church, or their circumstances change. As of July 2024, 66% of income came from nineteen households, compared with 67% from nineteen households in 2022/23.

iden�fied and responded to promptly.

5.2.6 The restricted Community Fund supports Gordano Valley Church’s engagement in local community projects and ac�vi�es that cannot be afforded from the regular annual opera�ng budget. The fund is topped up through periodic appeals. £580 was raised through the 2023 Christmas Appeal, compared to £4,299 in 2022. The church contributed £3,000 towards the local Chris�ans Against Poverty Debt Help Centre; spent £1,112 on Cludo events; and made grants to Hope into Ac�on of £1,000, made up predominantly from £860 dona�ons received at a special Hope into Ac�on Sunday service.

5.2.7 The restricted Mission Fund supplemented grants made to mission partners, especially where those had to be reduced to meet opera�onal budget constraints. The fund was topped up through periodic appeals. During the year, £4,800 was distributed to mission partners. The fund has now been closed, with all grants from 1 July 2024 being made from the General Fund.

they contribute to the financial needs of the church. The achievements listed above would not have been possible without their con�nuing commitment.

5.2.9 The Trustees and Core Leaders con�nue to encourage the church to give in a biblical way - directly, regularly, propor�onately, sacrificially, prayerfully, and enthusias�cally. The Trustees note that where there has been a need, whether in the church, the community, or globally, the church has always responded generously.

5.2.10 Clevedon District Foodbank are s�ll searching for more suitable premises in Por�shead for long-term use. In the mean�me, they con�nue to use 4 Combe Road and make a monthly grant to Gordano Valley Church to cover the church's costs in hiring other premises for its community ac�vi�es.

5.2.11 Following the change in accoun�ng to Receipts and payments, provision for deprecia�on is no longer included in the accounts.

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5.3 Assets

consisted of the following, all of which were used for charitable purposes:

5.4 Reserves policy and future requirements

5.4.1 The Trustees aim to hold, at the end of any calendar month, reserves of unrestricted funds, not commi�ed or invested in tangible fixed assets, sufficient to cover the charity’s planned working requirements for four to six months. The accounts show a balance of Net Current Assets at 30 June 2024 of £81,653 (6.9% of the 2023/24 opera�onal budget) so this target is currently being slightly exceeded.

year which record the receipts and payments of the charity for the year.

5.5.2 We are responsible for keeping proper accoun�ng records which disclose with reasonable accuracy at any �me the financial posi�on of the charity and enable us to ensure that the financial statements comply with the Chari�es Act 2011.

5.5.3 We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregulari�es.

6. Future Plans

6.1 Gordano Valley Church's outreach of Chris�an love, its voluntary work, and its generous giving have all made a significant impact on the local community in Por�shead and in the wider world.

6.2 The church's work with families, children, and young people has supported many members of the local community. The church works closely with other churches, local schools, and community organisa�ons to provide ac�vi�es, prac�cal help, advice, and encouragement. Both the church's Youth Worker and the Family Pioneer have been extremely ac�ve in building rela�onships and support networks among Por�shead's growing popula�on.

6.3 The needs which the church is seeking to meet are growing and the church's charitable work remains of vital importance. The con�nuing high cost of living makes ac�vi�es such as the Outside Fresh Food distribu�on and the Chris�ans Against Poverty Debt Help Centre crucial. Pressure on families is increasing and the church's work with families and young people, the divorced and separated, the elderly, and those with addi�onal needs, is more necessary than ever.

6.4 New community ini�a�ves are currently under development, which the Trustees hope to highlight in future reports.

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6.5 The church's mission partners in other countries face similar or greater challenges. Our partners in Poland con�nue to be involved in suppor�ng Ukrainian refugees. The Trustees hope that Gordano Valley Church will be able to maintain, if not increase, its support for their work.

6.6 In addi�on to changing the GVC governing document from a company limited by guarantee to a CIO during the 2023/24 fiscal year, a new accoun�ng package (Quick Books Online) has been implemented with accounts now maintained on a simplified ‘Receipts and Payments’ basis.

6.7 In October 2023 GVC began the process of nego�a�ng a lease, and poten�al future purchase, of Roath Road Chapel in Por�shead. The Chapel, opened in 1885, has a rich Chris�an heritage in the town. The Trustees and Core Leaders explored how the facility might sustain and facilitate new and exis�ng ministries in the years ahead, avoiding some of the church's current rental costs. A�er some considera�on, the Trustees concluded that entering into the lease, and poten�al purchase of the asset, was not appropriate at this �me. The Core Leaders and Trustees remain open to further opportuni�es as they may become available. A fund was created to cover the costs of exploring the purchase of the chapel. £375 (including Gi� Aid) was received towards this fund and £3,682 was expended on professional fees. The deficit of £3,307 was transferred to the General Fund when the decision not to proceed was taken.

6.8 Early in 2024, Dave Francis, Senior Leader and Minister, shared with the Core Leader team and Trustees his inten�on to re�re from church leadership no later than October 2025. This was subsequently shared with the whole church on 24 March 2024. A�er prayerful considera�on and discussion, the Core Leaders and Trustees unanimously agreed that one of the Core Leaders, Sam Marsh, should take over from Dave when he re�res and that, as a first step, Sam should be appointed Assistant Minister from September 2025. This was shared with the church on 2 June 2024. Feedback from the church on this appointment was wholly posi�ve. During the transi�on process, the Trustees are arranging for Sam to receive training and mentoring in those areas of ministry where he feels the need for development.

6.9 Commit to the Lord whatever you do, and He will establish your plans (Proverbs 16:3). The Trustees pray for God's will to be done in all Gordano Valley Church's endeavours throughout the coming year.

organisa�onal arrangements. These should be directed to the Chair of Trustees, Mrs Caroline Gurney, c/o the Registered Office.

7. Approval

7.1 This report was approved by the trustees and signed on their behalf by:

Caroline Gurney

Caroline Gurney, Chair of Trustees,

Date: 27 November 2024

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INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

Gordano Valley Church

I report to the trustees on my examination of the accounts of Gordano Valley Church ('the charity') for the year ended 30 June 2024 on pages 15 to 18 following.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in accordance with section 130 of the 2011 Act; or

  1. the accounts do not accord with the accounting records.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Lourens du Plessis

Lourens du Plessis ACA CA(SA) Stewardship 1 Lamb's Passage LONDON EC1Y 8AB

Date: 2 December 2024

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Gordano Valley Church

RECEIPTS AND PAYMENTS ACCOUNT

FOR THE YEAR ENDED 30 JUNE 2024

Notes
Income receipts
Donations
Gift aid receipts
Other grants
Income from courses and events
Income from letting of facilities
Bank Interest
Other
Total receipts
Payments
2
3
Total payments
Transfers between funds
5
Net movement in funds
Cash funds as at last year end
Cash funds at this year end
A
Net
of
receipts
/
(payments)
before
transfers
Grants
paid
in
relation
to
charitable
activities undertaken by others
Payments in relation to charitable activities
undertaken directly
Loans made		 General
Restricted
Funds
Funds
£
£
122,043
7,819
31,602
1,275
130
-
2,465
-
8,400
-
636
-
289
-
165,565
9,094
138,064
5,094
11,190
10,623
149,254
15,717
1,150
-
1,150
-
150,404
15,717
15,161
(6,623)
(3,447)
3,447
11,714
(3,177)
69,939
4,189
81,653
1,012
Unrestricted Funds		 2024
£
129,862
32,877
130
2,465
8,400
636
289
174,659
143,158
21,813
164,972
1,150
1,150
166,122
8,537
-
8,537
74,128
82,665		 2023
£
127,656
24,637
2,373
5,491
8,400
93
335
168,986
130,946
32,774
163,720
-
-
163,720
5,266
-
5,266
68,862
74,128
General
Funds
£
122,043
31,602
130
2,465
8,400
636
289
165,565
138,064
11,190
149,254
1,150
1,150
150,404
15,161
(3,447)
11,714
69,939
81,653

The notes on pages 17 - 18 form part of these accounts.

Page 15 / 18

Gordano Valley Church

STATEMENT OF ASSETS AND LIABILITIES

FOR THE YEAR ENDED 30 JUNE 2024

General
funds
Notes
£
A Cash funds
Cash at bank with immediate access
55,650
Notice deposits
26,003
Petty cash
-
81,653
B
Other monetary assets
Gift aid due to charity
5,995
Other debtors
1,150
7,145
C
Liabilities
Falling due within one year
Taxes & Pensions due
1,313
Fee for Independent Examination
1,110
Accrued expenses
638
Total
3,062
D
Assets retained for charity's own use
Land and buildings
4 Combe Rd, Portishead
Fixtures and Fttings
Church Equipment
Motor vehicles
Church Minibus
Unrestricted Funds		 Restricted
funds
£
1,012
-
-
1,012
-
-
-
-
-
-
-
Fund to
which asset
belongs
General
General
General
General		 2024
£
56,662
26,003
-
82,665
5,995
1,150
7,145
1,313
1,110
638
3,062
Cost
£
260,526
8,065
17,767
7,638
293,996		 2023
£
48,745
25,383
-
74,128
12,960
1,388
14,348
1,547
1,500
1,905
4,952
Current
value
£
350,000
-
1,026
-
351,026

Current values have been estimated by the trustees.

E Guarantees and secured debts

The charity has not given any guarantees and has not provided its assets as security for any liabilities.

The accounts were approved by the trustees and signed on their behalf by:

John Storey -------------------------------------------John Storey

Date: 27 November 2024

The notes on pages 17 - 18 form part of these accounts.

Page 16 / 18

Gordano Valley Church

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2024

1 Accounting policies

The accounts have been prepared on a receipts and payments basis and comprise a statement that shows the charity's receipts and payments, a statement that summarises the charity's assets and liabilities and related notes. The accountancy profession have determined that only accounts prepared in accordance with applicable accounting standards present a 'true and fair' view and, as these receipts and payments accounts have not (and cannot) be prepared in accordance with accounting standards, these accounts do not present (and are not intended to present) a 'true and fair' view of the charity's financial activities and state of affairs.

In the previous year, the charity presented accounts prepared on the accruals basis using the Charities SORP. However, now that the charity is a charitable incorporated organisation it has taken advantage of the option to prepare its accounts on a receipts and payments basis and the results reported previously have been restated; further information is given in note 6 below.

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.

2
Payments in relation to charitable activities undertaken directly
Employment costs
Youth and children's work, speakers, Alpha,
Event activities and Refreshments
Small equipment
Rent
Insurance, Maintenance of buildings & equipment
Independent examination
Travel & Transport
Stationery, Printing, Photocopying and Postage
Broadband, and Computer Costs
Professional fees
Subscriptions, Courses and Books
Bank Fees
Miscellaneous
3
Grants paid in relation to charitable activities undertaken by others
Echoes International
Missionary Support
Scripture Knowledge Institute
Missionary Support
Christians Against Poverty
Financial Support
Hope into Action
Homeless
Ukraine Now
SAT7
Christian Broadcasting
Other grants
Grants to individuals
Personal Support		 Unrestricted Funds
General
Restricted
funds
Funds
£
£
102,819
-
1,144
-
5,391
1,098
879
-
11,132
300
3,857
-
1,500
-
1,550
-
1,357
-
2,179
-
1,800
3,682
3,762
15
187
-
509
-
138,064
5,094
1,200
1,200
6,000
2,400
-
3,000
-
1,073
-
-
1,200
1,200
90
-
2,700
1,750
11,190
10,623		 Total
2024
£
102,819
1,144
6,489
879
11,432
3,857
1,500
1,550
1,357
2,179
5,482
3,776
187
509
143,158
2,400
8,400
3,000
1,073
-
2,400
90
4,450
21,813		 Total
2023
£
97,065
2,436
8,060
948
7,928
3,088
1,500
2,809
1,423
1,334
180
3,408
76
690
130,946
2,400
8,400
3,000
1,325
4,299
2,400
3,750
7,200
32,774

Page 17 / 18

Gordano Valley Church

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2024

4 Transactions with related parties

There were no Trustee transactions or with related parties during the year

5 Movement of funds

General funds
Restricted funds
Christmas
Annual Christmas Appeal
Community Fund
Local Community Projects
Mission Fund
Mission Workers / Organisations
Pop Fund
Mission Worker (now closed)
Roath Road
Property Exploration (now closed)
Total funds		 Opening
balance
£
69,939
-
4,364
(175)
-
-
4,189
74,128		 Receipts
£
165,565
5,555
860
554
1,750
375
9,094
174,659		 Payments
£
(150,404)
-
(5,486)
(4,800)
(1,750)
(3,682)
(15,717)
(166,122)		 Transfers
£
(3,447)
(5,555)
720
4,975
-
3,307
3,447
-		 Closing
balance
£
81,653
-
458
554
-
-
1,012
82,665

6 Reconciliation with previously reported funds

As explained in note 1 'Accounting Policies', in the previous year the charity prepared its accounts using the accruals basis; in the current year the charity has taken advantage of the option to prepare its accounts on a receipts and payments basis. The comparatives presented in these accounts have been re-stated using the receipts and payments basis and a reconciliation with the reserves and results reported previously follows:

Reconciliation of reserves

Previously reported reserves, at 30 June 2023
Adjustments arising from use of receipts and payments basis:
Exclusion of previously included fixed assets
Exclusion of previously included debtors
Exclusion of previously included creditors
Adjustment for payment not cleared at yearend
Re-stated reserves, at 30 June 2023
Previously reported results
Adjustments arising from use of receipts and payments basis:
Previously capitalised expenditure, less depreciation, now expensed
Excluded movements in debtors resulting in the recognition of more / (less) income
Excluded movements in creditors resulting in the recognition of less / (more) expenditure
Adjustment for payment not cleared at yearend
Re-stated results
Reconciliation of results		 2023
£
286,317
(202,845)
(14,348)
4,952
52
74,128
2023
£
(2,684)
6,278
948
672
52
5,266		 2022
£
289,001
(209,123)
(15,296)
4,280
-
68,862

Page 18 / 18