City Church Gloucester Trustees, Annual Report For the year to 31 August 2024 A Charitable Incorporated Org8nisation, registered in Eng18nd and Wales. no. 1154813 www.citychurchgloucester.org Citychurch Contents Trustees, report Statement of financial activities Balance Sheet Notes to the accounts 10 Independent examineffs report 15 Citychurch City Church Gloucester Trustees, Report Year Ended 31 August 2024 Reference and Admlnlstratlve Detalls Name Citychurch Gloucester Charity number 1154813 Registered Office The Chapel Seyrnour Road Gloucester GL15PT Trustees Dr Glen Baker (Chair) Mark Jones Andrew Cook Louis Krog Elders John Moreland (lead) Kelly Gibson Bankers CAF Bank Limited 25 Kings Hlll Avenue Kings Hill West Malllng Kent ME19 4JQ Independent examiner Emma Conway ACCA FMAAT SkyBridge Accounting Limited 3 Fairview Court, Fairview Road, Cheltenham, Gloucestershire GL52 2EX Citychurch City Church Gloucester Trustees. Report . contlnued Year Ended 31 August 2024 Objectives and Activities Citychurch Gloucester is part of the globa5 Regions Beyond network of churthes. The Church agrees wilh, and is committed to. the vision of Regions Beyond". church planting to unreached peoples; reaching out to the poor - not just to alleviate povety, but also to see Ihe poov at the frontline of the advance of the Kingdom of God- and to see the diversity of the human race represented at every level of every local church,. that is, to see churches that cannot be defined ethnically, racially, socially or by dass. Within this vision, the specific mlssion of Citychurch is to build a strategic Christian community in the Gloucester area, for the purposes of: developing a dose relationship with God. that we might become more like Him In character. developing dose functional relatlonships wlth other Christian men and women. and building strong links with olher churches locally, nationally, and internationally: and reaching out to the wider community with works of kindness and the Christ18n message, especially to those who are hurt and unloved by society and providing spiritual and material support. Grants and gifts to extemal organisations and individuals are considered on the basis of need and fulfilment of the charitable objectives. There are no upper or lower limlts of support. Much of the work of Citychurch depends on the unpaid services of volunteers, for example: worship leaders. home group leaders, children's workers, youth leaders. stewards. audio technidans, staff for Food Bank and assistants in Noah's Ark. A high proportion of Citychurch commits time to setve in such ways. The trustees confirm that they have refe￿ed to the Charity Commission's general guidance on public benefit when reviewing the Charity's aims and objectives and In plannlng Its activities. City Church Gloucester Trustees, Report- continued Year Ended 31 August 2024 Achievements and Perforniance Citychurch actively pursues its vision to develop a close relationship with God by applying biblical principles to falth and practice. All are encouraged to develop a life of prayer. to seek God through study of the bible, to grow in the knowledge of His purposes and to become actively Involved in local and international soclal needs. Particular church activities indud8- public meetings each Sunday at The Chapel. Seymour Road, Gloucester; active involvernent of adults in midweek home-based support groups,. these groups enable church members to grow in thelr faith, find pastoral support and the courage to engage with their neighbourhoods; youth and chlldren's activities, enabling posltSve peer relationshlps; Noah's Art(. a weekly programme Ihat creates 8 context for non-church parents to leam to interact in a positive way with their child￿n. Noah's Ark Serves more than 50 Ioc81 familles weekly; a weekly coffee morning particularly aimed at those who feel lonely and iscAated in society the development of relationships with other churches, locally and nationally through our partnership with Regions Beyond - a nefvrfork of churches active in many nations as well as In the UK. In March 2020, Citychurch took on the rental of 77-79 Frampton Road, a building directly connected to the Chapel. In the years slnce then. Citychurch has undertaken renovation to make it a venue that can serve the local community and serve as a base for Citychurch's own outreach. Flxed assets On 17th December 2017 The Chapel, Seymour Road. Gloucester became the pemianent home of Citychurch. A further total of £105,987 was spent on this project during the year out of total projected project expenditure of some £228.000. Phase 1 of the building works was competed on the 316t December 2017 Citychurch City Church Gloucester Trust80s' Report- continuad Year Ended 31 August 2024 Flnancial Revlew Income for the year was £132,465 (2023: £125,094) and expenditure was £129,097 (2023: £123,165). The total valu8 of all reseNes at 31 August 2024 was £275,333 (2023: £271,695). The sole restricted fund was the Building Fund. The Trustees have set a fonnal policy of retaining 8 specific level of general reserves. In general reseprfes are held to smooth out expected seasonal variations in income., to deal with unexpected costs and to pay for the work of restoring The Chapel. As patterns of income and expenditure stabilize, it is the intention of the Trustees during the nexi financial year to conlinue an appropriate reserves pollcy. At present, Citychurch's only commltments are In respect of nomal employment obligatlons and the running costs of the Chapel. These can be met out of current income. The Goneral Fund balance was £275,333 at 31 August 2024 of which £238,256 was accounted for by flxed 8ssets188vlng £37,077 8s free reserves. thls sum, together wlth antlclpated future Income, Is considered to be sufficient to meet the foreseeable needs of Citychurch. Structure, Governance andmanagement The organisation is a charitable incorporated organisatlon (CIO), which was established under constitutional document dated 12 October 2013 and incorporated on 1 December 2013. The responsibility for ensuring that Citychurch Gloucester fulfils its mission has been delegated to the Elders who report regulady to the Trustees. The power of appointment and removal of Trustees is vested in the membership of the CIO. All major insurable risks are subject to the nomi81 churches, and employers, insurance. The Trustees undertake periodlc reviews to identity, mitigate and manage all significant risks arising in the normal course of the Church's activities. City Church Gloucester Trustees, Report- continued Year Ended 31 August 2023 Future Plans The strategic vision and mission outlined in Section 1 is unlikely to change. The Elders and Trustees believe God will provide a steady incremental growth in the numbers regularfy attending Citychurch and its supporting activities and for growth in members, godliness and Christian walk. The Church will continue to serve our people and our local, national, and intemational communities. Citychurch will continue to maintain both the Chapel and the rented 77-79 Frampton Road property. The remaining underdeveloped areas of the Chapel (upstairs) that require significant investment will only be undertaken if the needs of the church, the church's outreach or the community require it. Declaratlons The Trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees. Signature., Full name,. Dr Glen Baker Positlon: Chair of trustees Date: Zl-oé-2 Citychurch Clty Church Gloucester Statement of Financlal Activitl8S for the year ended 31 August 2024 Unrestricted Restricted 2024 2023 Notes Income Income from Charitable activities Income from Investments Other income Total Income 122,177 1,844 124,021 118,814 8,444 130,621 8,444 132.465 6,281 125 095 1.844 Expenditure Expenditure on charitable activities 129.097 129,097 123,165 Total Expenditure 129,097 129.097 123.165 Net Movement In Funds 1,524 1,844 3,368 1,930 Transfers between funds 1,844 {1,844) Net Movement In Funds 3.368 3.368 1.930 Fund Balances at 1 September 2023 271,965 271,965 270,035 Fund Balanc•s at 31 August 2024 275,333 275 333 271965 Citychurch Clty Church Gloucester Registered number: 1154813 Balance Sh88t as at 31 August 2024 Notes 2024 2023 Flxed asset8 Tangible assets 238,256 220.895 Current asset8 Debtors Cash at bank and in hand 25,283 13,946 39,229 26,924 26,255 53.179 Credltors.. amounts falling due within one year (2.152) (2.109) Net current assets 37.077 51,070 Total assets less current Ilabllltl•s 275,333 271,965 Creditors: amounts falling due after more than one year 10 Net assets 275,333 271,965 Funds of the Charlty General Funds Designated Fund Restricted Fund 275,333 271,965 275,333 271,965 These accounts were approved by the Tnjstees on by.. and are signed on their behalf Dr Glen Baker Chair of Trustees City Church Gloucester Notes To The Flnancial Statements Year Ended 31 August 2024 Charlty Informatlon The charity is a Charitable Incorporated Organisation, registered with the Charity Commission for England and Wales, whose activities benefit the public. Accountlng Pollcles Basls of proparation These financial staternents have been prepared in accordance with 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) (effective 1 January 2019), with FRS 102 and with the requirements of the Cha17ties Act 2011. Golng Concern After making enquirles, the tnjstees are not aware of any material uncertainties that cast doubt on going concern and they have a reasonable expectatlon that the Charity viill be able to contlnu8 Is actlvltles for the for foreseeable future, 8nd 8t least twelve months from the date of approval of these accounts. Accordingly, they have continued to adopt the golng concern basis in the financial statements. Incomo Voluntary Income, Including donatlons under Glft Ad are recognised as income when received. Where applicable, associated income tax recovery is recognised when the 8ssoclated donatlon Is recelvable. Grants where related to performance, are recognised as Income when the right to the income is eamed as income when receivable. Expendlturo Costs of activities in furtherance of the charity's objectives comprise those costs incurred by the charity as a result of the delivery of its service. Governance costs comprise those costs incurred by the charity in meeting its constitutional and statutory requirements. Flxed assets and d•pr•clatlon Tangible fixed assets are included in the balance sheet at cost less depreciation. Depreciation is generally calculated so that the cost of tsngible fixed assets less their residual value are written off over their estimated useful lives. Equipment is depreciated at a rate of 25 % using the reducing balance method. Buildings are depreciated at a rate of 20/0 using the straight line method 10 Citychurch City Church Gloucester Notes To The Flnanclal Statements Year Ended 31 August 2024 Accountlng Pollclas (continued) Funds Restrictad funds represent the funds specifically earmarked for the charltys property and other proi8Cts, specified by the donor. Unrestricted funds are funds which can be utlllsed at th8 discretion of the trustees. This also includes designated funds, which have been earmarked by the trustees for a partlcular purpose. Voluntary Income Unrestricted Funds Restricted Funds 2024 2023 Gen8r81 income 50,542 900 51.442 32,298 Income Gift aided 64,065 755 64.820 68,179 Glft Ald 16,014 189 16,203 18,337 130 621 132 465 118814 Other Income Unrestricted Funds Restdcted Funds 2024 2023 Grant fundlng Stronger Together Bank interest 8,170 210 64 8,170 210 2,495 3.752 6,281 Citychurch City Church Gloucester Notes To The Financial Statements Year Ended 31 August 2024 Charltable Activlties Unrestrl¢ted Funds Restricted Funds 2024 2023 Mlnlsty Gosts Mlnlsty Salarles Travel and subsistence Overseas Travel Training Visiting preacher costs Worship & PA expenses 43,691 258 43,691 258 35,192 116 50 1,145 266 45,410 50 1,145 266 45,410 170 929 38,471 Actlvltle8 Noah's Ark play & stay costs Stronger Together costs Youth & children's ministry Kids Work 297 2,741 297 2,741 2,731 729 655 4,115 739 3,777 739 3,777 Bulldlng and Offlce costs Rent & Rates Light and heat Repairs and maintenance Running costs Advertising and PR Telephone and Intemet Statlonery and prlntlng Subscrlptlons Insurance Hospitsllty Software Legal and profgsslonal costs D8preciation 25.528 4,586 13,264 9,710 868 562 24,680 4,586 13,264 9,710 868 562 24,451 3,560 22,918 7,137 574 547 2.531 3,710 248 597 2,531 3,710 248 597 2.568 3,379 80 330 1,200 5.412 72,156 7,661 69,285 7,661 69,285 Grantg Reglons Beyond Grant Financlal support Other Grants Grant Expendlture 6.840 6840 6,840 1,086 1.086 1,133 10,165 10,165 7,973 Govemance Independent Examination 480 480 450 Tolal cost of activities 129,097 129,097 123,165 12 Citychurch Clty Church Gloucester Notes To The Flnancial Statam8nts Year Ended 31 August 2024 6 Stsff and volunteer8 2024 2023 Minlsty salarfes 43,691 35,192 Much of the work of the Church depends on the unpaSd servlces of volunteers, Including worshlp leaders. home group leaders, chlldren's workers. youth leaders, stewards, and audlo technldans. A high proportion of the Church commits to serving in such ways. It is not considered practical to place value on such seNIc6S SO the donatlon of the Ilme of such volunteers Is not Includ8d in the accounts. 7 Tanglbl• flxed as•ets Land and bulldlngs Equlpm•nt Total Cost At 1 September 2023 Addltlons At 31 Augu8t 2024 250,079 19,000 269,079 7,870 257,949 25,022 282 971 Depreclatlon At 1 September 2023 Charge for the year At 31 August 2024 30,006 7,048 37,054 Nat book value At 31 August 2024 233 691 4,565 238 256 At 31 August 2023 220,073 822 220,895 8 Debtors 2024 2023 Trade Debtors Debtor Gift Aid Pr8p8ym8nts 624 17,590 7,069 91 18,888 2.945 Other debtors 25.283 26.924 13 Citychurch Clty Church Gloucester Notos To The Financial Statements Year Ended 31 August 2024 9 Credltorn: amounts falllng due wlthln one year 2024 2023 Interest free unsecJJred loans Trade creditors Other creditors and accruals 805 1,118 991 10 Credltor•: amoun1• falllng due after one year 2024 2023 Interest free unsecured loans due betrieen three and five years 11 Movement In Funds Openlng Incomlng Outgolng Fund 8alance Resource3 Re80urces Transfers Closing Balance Restricted Fund Building Fund Other Funds 1,844 (1,844) 1.844 Unr•strlcted Funds General fund Deslgnated Worship fund 271,965 130,621 {129,097) 271,965 132,465 129,097 275.333 Totsl Funds 271,965 132465 129097 275,333 12 Commltments Cily Church will enter Phase 2 of its project to refurbish the Wesleyan Chapel building that it owns in Seymour Road, Gloucester. This is a long-term project for which the Trustees must balance the current operational nee(Is of City Church against their aspiration for a high*uality, high-profile presence in the heart of the Clty of Gloucester 14 Citychurch INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CITYCHURCH GLOUCESTER I report on the financial statements of Citychurch Gloucest8r ("The Charity.) for the year ended 31 August 2024 on pages 8 to 14. Rosp•ctlvo Responslbllltles of Tru8too$ and Examlner As described on page 3 the Trustees are responsible for the preparation of the charity's financial statements in accordance wlth 8ppIic8ble law and United Kingdom Accountlng Standards (United Kingdom Generally Accepted Accounting Practlcel end for being satlsfied that th8 financial statèments give a true and falr vlew. The Trust88s conslder that an audit is not required for this year under s8Ction 144{2) of the Charilies Act 2011 (the 2011 Acll and that an independent examination is needed. Ctychurch Gloucester gross income does not exc88d £250,000 and l am qualified to undertak8 th8 8xamlnatlon by being a qualif18d m8mb8r of the Association of Charter8d C8rtif4ed Accountants. Having satisfied myself that Ihe charity 18 not subject to audlt under company law and15 eligible for independent examination, It Is my responslblllty to: examine the flnancial statements under section 145 of the 2011 Act to follow the procedures lald down in the general Dlrectlons given by the Charity Commi88ion under section 14515){b) of the 2011 Act stat8 whether perticular matters have come lo my attention, Bas18 of Independent Examlnerfs rnport My examination was carried out In accordance with the general Directions given by the Charity Cornmission. An examinatlon Indudes a revlew of the accountlng records kept by the charlty and a comparlson of the financlal statements pres8nted wlth those records. It also Includes conslderation of any unusual Items or dlsclosures in the flnanclal statements and seeking explanations from Trustees conceming these matters, The procadures undertaken do not provide all the 8vidence that would be r8quir6d In an audit and consequently no opinlon Is given as to whether the financial ststementg present a'true and falr vlew and the report Is limited to thos8 matters set out in th6 statement below. Independent Examln•f• •latom•nt I have completed my examlnatlon. I confirm that no material matters have come to my which glves me cause to be118ve that.. accounting records were nol kept in accordance v41th sectlon 386 of the Companles Act 2006; or the accounts do not accord with such records; or the accounts do not comply with relevant accounting requir8ments under section 396 of the Companies Act 2006 olhgr than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independ8nt examination: or .the accounts have not been prepared in accordance With the Charities SORP (FRS102). I hav8 no concem5 and have come across no other m8tt8rs in conn8Ction with the examlnatlon to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Emma Conway ACCA FMAAT SkyBridge Accounting Limited 3 Falrview Court. Fairview Road Cheltenham, Gloucestershire, GL52 2EX 15