Grace Church Dell Road Registered No. 1155358
REPORT & ACCOUNTS
for the year ended 31 March 2023
"We're all about helping people love Jesus more and more"
GRACE CHURCH DELL ROAD
for the year ended 31 March 2023
LEGAL & ADMINISTRATIVE DETAILS
Address for correspondence
Grace Church Dell Road 8 Dell Road Cotteridge Birmingham B30 2HZ
Governing Document
Constitution date 16th January 2014
Charitable incorporated organisation registered with the Charity Commission 16th January 2014
Charity Registration Number
1155358
Trustees
Mr Andrew Weatherley (Chairman) Mr Graham Jackson (Resigned 20th July 2022) Mr Nathan Gunn Mr Edward Boothroyd Mr Stuart Ward Mr Peter Grahame (Resigned 6th December 2023) Mr Ben McNeely (Resigned 12th July 2023) Mr Ben Kirsch Mr Joshua Jackson (Appointed 12th July 2023) Mr Samuel Hawkins (Appointed 6th December 2023)
Bankers
Lloyds Bank Cooperative Bank Nationwide Building Society 1846 Pershore Road 118/120 Colmore Row Nationwide House Cotteridge Birmingham Pipers Way Birmingham B3 3BA Swindon B30 3AS SN38 1NW
Independent Examiner
Archie McDowall BA CA Stewardship 1 Lamb's Passage London EC1Y 8AB
INDEX
Page 1 Charity Information Pages 2 to 6 Trustees' Annual Report Page 7 Independent Examiner's Report Page 8 Statement of Financial Activities Page 9 Balance Sheet Pages 10 to 16 Notes to the Accounts Pages 17 Detailed Statement of Financial Activities with Comparatives
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"We're all about helping people love Jesus more and more"
GRACE CHURCH DELL ROAD
TRUSTEES' ANNUAL REPORT for the year ended 31 March 2023
Structure, Governance & Management
Governing Document
The Church is a registered charitable incorporated organisation, affiliated to the Fellowship of Independent Evangelical Churches (FIEC).
The Charity Commission granted Registered Charity status on 16[th] January 2014 under registration number 1155358.
For the year ending 31[st] March 2023, the Church was governed by a Church Constitution dated 16[th] January 2014. There is also a Church Covenant which sets out the beliefs and practices of the members and deals with the day-to-day operation of the Church, including the appointment of Elders.
Organisational Structure
The Church is governed by a leadership team (Trustees) comprising all of the Church's Elders and two Deacons of the Church. They meet regularly throughout the year to set policy and review the activities of the Church.
The decisions of the Trustees of the Church are subject to the scrutiny of the members of the Church at business meetings of the Church members which occur at least four times a year.
Significant financial decisions are taken having considered the advice of the members of the Church as required by the Church's governing documents.
The Trustees plan to review the governing structure of the Church in Autumn 2023 and consider changes to the governing documents so that a wider group of people can be appointed as Trustees of the Church.
The Trustees are not remunerated by the Church for their work as Trustees. However, two Trustees, acting in the year to 31[st] March 2023, were remunerated for their work as employed full-time Elders of the Church. The remuneration of Elders is determined in accordance with the Church Constitution and Church Covenant. The remuneration of employed Elders is recommended by the Church's Employment Committee consisting of selected members of the Church and chaired by a Deacon. The remuneration received by Elders is accepted by a vote of the members of the Church on the proposal of the Trustees following their consideration of the recommendations of the Employment Committee. An individual Elder does not participate in the determination of the remuneration they receive, whether directly or indirectly.
Recruitment and Appointment of Trustees
Trustees and Elders of the Church are proposed by the existing Trustees where they have satisfied themselves both of the need for further Trustees, and that the person proposed meets the qualifications set out in the Church Constitution. Following election by the members, training and induction of new Trustees is overseen by the existing Trustees, who may delegate certain elements of the induction process to staff members.
In the past year, Graham Jackson has stepped down as a Trustee and Elder. Ben McNeely also decided to step down as an Elder and Trustee in summer 2023. The Trustees express their gratitude to Graham and Ben for their years of diligent and faithful service. Josh Jackson became an Elder and Trustee of the Church in July 2023.
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Risk Management
The Trustees have examined the major strategic and operational risks which the Church faces and confirm that systems have been established to monitor those risks so that the necessary steps can be taken to lessen them.
Objectives
The charitable objects of the Church are the advancement of the Christian faith in accordance with the Church's Basis of Faith primarily but not exclusively within Birmingham and the surrounding neighbourhood; and other such charitable purposes as shall, in the opinion of the Trustees, further the work of the Church.
Review of activities and impact for Public Benefit
The Church holds a series of weekend and midweek activities and in addition provides financial support to individuals and organisations involved in Christian activities.
When planning and reviewing activities, the Trustees give due consideration to the Charity Commission's general guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. In particular, we try to enable ordinary people to live out their faith as part of the Church in our local community.
The activities of the Church are overseen by its leadership (the Elders, Trustees and Deacons), and are carried forward both by the Church staff, and by the extensive involvement of volunteers drawn from Church members and other regular attendees. This pattern is seen in all areas of the life of the Church including: leading of midweek groups; youth and children's activities; and activities within the community.
The Church welcomes members and attendees from all backgrounds with the aim of ensuring that they do not miss the opportunity to benefit from its activities.
The continued use of Dell Road Gospel Hall as a venue has proved to be a great asset for the Church, especially when other venues haven't been usable due to Covid related restrictions. During the year the Church transitioned back to mainly in person meetings after a long period of meeting via Zoom or in small groups. With effect from September 2022, the Church restarted meeting at Stirchley Baths on a regular basis which has been a real benefit for the Church, providing greater space and facilities whilst remaining at the heart of the Stirchley community. Longer term, the Trustees are seeking to find a permanent new building in the community that will accommodate the Church's needs. Further details are found in the 'New Building' section below. A second service was started in September 2023 at the Church's building at Dell Road to accommodate growth in the Church's regular attendance.
Regular activities
Noah's Ark, our parent and toddler group has continued to run and provides a space for parents and carers to socialise. This provides a vital help to avoid social isolation often felt by parents in the early days of parenting. The atmosphere of Noah’s Ark is regularly commended for its welcome.
Our youth programme has expanded through the last year and now meets every Sunday afternoon in term time, provides a safe place for secondary school age children to play games and explore questions of faith. In October 2022 the young people went on their first weekend away, combining with the youth programme from another local church. A new weekend is planned for autumn 2023.
As the Church recovered from Covid, we responded to a need in our community to support people who have English as a second language. The Church launched an English club providing language teaching and opportunity for language practice. The classes are intentionally small (between 1015 students) and provide a safe context for people to ask questions as well as practice their spoken English. In addition to the class, the Church has also organised a number of events including picnics and parties for families of the classes to meet one another. Following the classes
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"We're all about helping people love Jesus more and more"
there is a short basic English Bible Study where a number of the students enjoy the opportunity to investigate Christianity.
Another community need following Covid led to the Church providing a warm space for older members of the community to meet and chat over tea and coffee. Every Tuesday the Church runs an open discussion time, particularly welcoming retired people who enjoy time to meet, chat and there is a short talk from one of the church pastors. For the group who have been meeting together it has proven to be a vital moment of social interaction in their week.
The Church has been able to provide new training opportunities, including an 8-week pastoral care course. Around 15 people met weekly, utilising materials from Crosslands Training Course. Most of the people who attended were not Church staff but members of the Church interested in how to help people in need. We were delighted with the uptake of the course and look forward to running future courses of this kind. The Church has planned a future course for people who are coping with bereavement, running in Autumn 2023.
The Church continued running a course for people investigating Christianity called “Come Dine With Us”. For the first time the course was able to run in Can Eat, a local café and it again proved popular.
The Church also launched a new support programme for students at the University of Birmingham, offering pastoral care through a number of 1-2-1s enabling every student attending the Church who wants it, to receive some pastoral input from someone older. The Church also launched monthly meetups for students (termtime only) called Brunch-ology. Hosted in the homes of Church members and meeting on Saturdays for brunch, students have the opportunity to find out more about Christianity and a chance to ask lots of questions. These have also proven to be popular, regularly gathering around 15 students.
Our summer holiday club was back in August 2022 engaging 5-11 year olds in the community for a week of crafts, Christian teaching, quizzes and sport. Around 30 children attended every day and the team was made up of a wide range of folks from across the Church.
As well as our weekly Sunday services, the Church also offered additional services at Christmas and Easter to provide the local community with more opportunities to connect with the Christian faith during those seasons. The Church also hosted a Nativity Trail which enabled families and young people to explore the real meaning of Christmas alongside an activity trail around the local community. The Church continued its support in providing Christmas gifts for children in families receiving short-term accommodation for homeless families. At Easter, the Church was able to run an Easter Egg hunt with clues to find around the local park. All of these events received lots of support and were widely appreciated by the local community.
We are delighted that Josh Jackson was able to join our staff team in August 2021 in a trainee role with a focus on church planting training, youthwork and a partnership with Crosslands training centre. Josh has been a real asset to the Church and we are thankful for the fundraising that has made his continued employment possible through the last year. The trustees hope that Josh will be with us, at least until he has completed his 4 year seminary training.
Due to the increasing growth in the Church and need for greater operational support, the Trustees recruited an Operations Manager to lead the Church's operations in September 2022. The Trustees view this as a key role for the future growth of the Church and the individual is already making a significant impact across the Church, allowing the Trustees to focus on strategic matters.
The Church has continued to build partnerships with cross-cultural mission organisations, and we were delighted to be able to host a number of short and long-term missionaries in the Church who are serving in Birmingham from overseas. These volunteers serve and support the Church throughout the week as well as receiving mentoring during their time in the UK. The Church provides financial support to their sending organisations but does not provide direct financial support to the individuals.
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"We're all about helping people love Jesus more and more"
The Church remains committed to reaching, teaching, discipling, and training Christians to carry out Gospel ministry in our community and further afield. As part of this activity, the Church is committed to planting churches in the Birmingham area. The Church is therefore involved with the Birmingham Collective (previously known as 2020 Birmingham), as part of a coalition of Birmingham churches working in partnership to launch new churches across the city. Andy, one of the pastors of Grace Church has continued to be involved in the training of new church planters through the Birmingham Collective.
Impact of Covid-19
During the financial year the operations of the Church were barely impacted by Covid-19 as social distancing and isolation restrictions have been removed allowing services and activities to return to normal operation.
To the date of signing of these accounts, the Covid-19 pandemic has had minimal impact on the finances of the Church. Reserves are in line with expectations and the reserves policy has not been amended.
New Building
Due to the continuing growth of the Church and the number of people attending the services and activities of the Church, it has become increasingly clear that the Church needs to relocate to a new building. Following a competitive marketing exercise undertaken by Birmingham City Council in 2020, the Church was selected as the preferred bidder to become the long-term tenant of the former Selly Oak Constituency Office which is located on Stirchley High Street. This is a historical building in the centre of Stirchley but as it has been empty for a significant period of time, the condition of the building has deteriorated further and a substantial level of investment is required to bring it back into use.
A Heads of Terms document was agreed with the Council in May 2022 and the formal lease is in the process of being agreed. The Trustees have appointed architects to support a proposed extension and refurbishment of the building in order to bring it back into use for the benefit of the Church and the wider community. A fundraising project has also been commenced with the aim of securing funding for the project. The Church has been consulted on the plans, and in summer 2023 the Church conducted an engagement process with the local community. The Trustees applied for planning permission in autumn 2023 with a decision expected in early 2024.
Financial Review
The accounts have been drawn up on the accruals basis.
The total incoming resources for the year were £281,428 (2022: £197,368). Resources expended in the year were £215,478 (2022: £143,641). This resulted in an overall surplus for the year of £65,950 (2022: £53,727). The main reason for the significant increase in income was due to income received relating to the new building project in the amount of £91,232. The Trustees expect giving to the new building project will continue to increase over future years as the project progresses.
The Church's funding principally comes from gifts and donations made by members of the congregation, together with associated gift aid. The Church provides support by grants to a wide selection of individuals and organisations involved in Gospel ministry who have links with the Church. Grants are considered by the Trustees and, where required, voted on by the Church membership in accordance with relevant provisions of the Church Constitution.
Cash balances at the end of the year were £159,621 (2022: £114,031) of which £63,129 (2022: £65,612) was unrestricted, available for general purposes and not designated, or restricted for any specific purpose.
Reserves Policy
In regard to unrestricted funds: the Church holds a General Fund which does not include funds which have been designated by the Trustees for a specific purpose.
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"We're all about helping people love Jesus more and more"
The Trustees are committed to holding a level of reserves for General Funds that will cover three months' costs, subject to sufficient funding being available to achieve this, while not hampering the ongoing development of the activities of the Church. The precise level of reserves to be attained is subject to regular review considering levels of activity and prevailing circumstances.
The level of General Funds at 31 March 2023 is more than three months’ of costs.
Regarding restricted funds: these are accounted for separately; only accepted for projects or activities sanctioned by the Trustees and in accordance with the objectives of the Church, and; expenditure is not committed beyond the level of funds received. The Trustees do not therefore have a specific reserves policy for restricted funds.
Trustees' Responsibilities
The trustees are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approval
This report was approved by the Trustees on 30 January 2024 and signed on their behalf by:
N. Gunn
N. Gunn – Trustee
6
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF
GRACE CHURCH DELL ROAD ('the Charity')
I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31 March 2023 on pages 8 to 18 following, which have been prepared on the basis of the accounting policies set out on pages 10 to 11.
Responsibilities and basis of report
As the charity’s trustees of the Charitable Incorporated Organisation you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 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 Act.
Independent examiner’s statement
Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the ICAS, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Archie McDowall
Archie McDowall BA CA Institute of Chartered Accountants of Scotland
Stewardship 1 Lamb's Passage London EC1Y 8AB
Date: 31 January 2024
7
GRACE CHURCH DELL ROAD
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2023
| Note INCOME AND ENDOWMENTS FROM: Donations and legacies 3 Charitable activities 4 Other income 5 Total income and endowments EXPENDITURE ON: Charitable activities 6 Total expenditure Net income/(expenditure) Transfers between funds 15 Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 15 |
Unrestricted Funds £ 172,212 5,786 88 178,086 145,191 145,191 32,895 - 32,895 29,899 62,794 |
Restricted Funds £ 103,342 - - 103,342 70,287 70,287 33,055 - 33,055 33,797 66,852 |
Total Funds 2023 £ 275,554 5,786 88 281,428 215,478 215,478 65,950 - 65,950 63,696 129,646 |
Total Funds 2022 £ 187,593 7,915 1,860 |
|---|---|---|---|---|
| 197,368 | ||||
| 143,641 | ||||
| 143,641 | ||||
| 53,727 - |
||||
| 53,727 9,968 |
||||
| 63,696 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing operations.
The notes on page 10-17 form part of these accounts.
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GRACE CHURCH DELL ROAD
BALANCE SHEET
AS AT 31 MARCH 2023
| Note FIXED ASSETS Tangible assets 8 CURRENT ASSETS Debtors 9 Cash at bank and in hand 10 CREDITORS: Amounts falling due within one year 11 Net current assets / (liabilities) Total assets less current liabilities CREDITORS: Amounts falling due 12 after more than one year TOTAL NET ASSETS FUND BALANCES 15 Unrestricted Funds General funds Designated funds Restricted Funds |
Unrestricted Funds £ 1,938 1,938 6,445 101,977 108,421 (8,240) 100,181 102,118 (39,325) 62,793 23,946 38,847 62,793 - 62,793 |
Restricted Funds £ - - 9,209 57,644 66,852 - 66,852 66,852 - 66,852 - - - 66,852 66,852 |
Total Funds 2023 £ 1,938 1,938 15,653 159,621 175,274 (8,240) 167,033 168,971 (39,325) 129,646 23,946 38,847 62,793 66,852 129,646 |
Total Funds 2022 £ 1,534 |
|---|---|---|---|---|
| 1,534 | ||||
| 2,626 114,031 |
||||
| 116,657 (8,020) |
||||
| 108,637 | ||||
| 110,171 (46,475) |
||||
| 63,696 | ||||
| 15,276 14,622 |
||||
| 29,899 33,797 |
||||
| 63,696 |
The financial statements were approved by the Board of Trustees and were signed on its behalf by:
N. Gunn
N Gunn
Date: 30 January 2024
Charity number: 1155358
The notes on page 10-17 form part of these accounts.
9
GRACE CHURCH DELL ROAD
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2023
1 Statutory Information
The charity is a charitable incorporated organisation registered with the Charity Commission in England & Wales. The charity's registered number and principal address can be found on the Charity Information page.
2 Accounting Policies
These financial statements are prepared on a going concern basis, under the historical cost convention.
These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.
The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.
The previous year's accounts were prepared using the receipts and payments basis but, this year, the charity was obliged to prepare its accounts using the accruals basis. The results for 2022, which are comparatives quoted in these accounts, have been restated using the accruals basis (see note 17 for details).
The principles adopted in the preparation of the financial statements are set out below.
a) Going concern
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The trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.
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b) Income Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.
Income from donations and legacies includes:
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i) Recoverable gift aid. This is recognised when the related donation is received. Gift aid that has not been recovered by the balance sheet date is included as a debtor.
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ii) Donated facilities, services and goods. Goods donated for distribution to beneficiaries are recognised as income when receivable at fair value (being an estimate of the amount it would cost to purchase those items). Facilities, services and goods donated for the charity's own use are recognised as income when receivable at their value to the charity.
The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.
When donated goods, services and facilities are distributed or consumed, an expense in respect of those items is included in the Statement of Financial Activities. At the year end any goods that have not been distributed or consumed are recognised as stock; donated fixed assets are capitalised.
- iii) Legacies. Income from legacies is recognised when a distribution is received from the estate or, if earlier, when the charity has been notified that a distribution will be made and the amount receivable can be measured reliably.
Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from church retreats and other events and courses.
c) Expenditure
- Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.
The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.
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GRACE CHURCH DELL ROAD
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2023
The cost of raising funds is not significant and has not been separately disclosed.
Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.
- d) Fund accounting
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. Endowment funds are donations that are retained as capital in accordance with the donor's wishes. The nature of the restriction determines whether the endowments represent permanent endowments or expendable endowments.
e) Tangible fixed assets
Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £1,000 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:
Equipment
Over 3 to 7 years
The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.
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f) Investments Fixed asset investments are held to generate income and / or for their investment potential. Current asset investments are investments that are held specifically for sale or are investments that the charity expects to sell by the next balance sheet date. Investments, other than social investments (see below), are valued as follows:
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i) Investment property and listed investments are valued at their market value (fair value) at the balance sheet date.
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ii) Unlisted investments are measured at cost less impairment where it becomes apparent that the amount that could be realised is less than cost.
g) Pension scheme arrangements
The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.
h) Taxation
The charity has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.
i) Financial instruments
The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Except for loans, creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive). The charity recognises liabilities for the principal of those loans that remains outstanding at the year end (i.e. the liabilities exclude any interest chargeable on the loans in future years).
- j) Exemption from preparing a cashflow statement
The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.
3 Donations and legacies
| ations and legacies | ||
|---|---|---|
| Donations of cash and similar Other grants receivable Income tax recoverable |
2023 £ 219,626 19,473 36,455 275,554 |
2022 £ 148,152 12,259 27,183 |
| 187,593 |
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GRACE CHURCH DELL ROAD
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2023
4 Income from charitable activities
| Church retreats and events Hall hire 5 Other income Insurance claim refund Other 6 Charitable expenditure a Costs incurred directly on specific activities Staff costs Staff support Events Utilities General Expenses Equipment Child protection Rent Visa Sponsorship Building project Grants payable (note 8c) b Costs incurred on support & administration Governance costs Independent examiner's fee Other Depreciation of tangible fixed assets Insurance Total expenditure |
2023 £ 1,286 4,500 5,786 2023 £ - 88 88 2023 £ 123,784 8,375 5,629 3,711 8,656 2,146 785 9,550 - 27,448 190,083 22,155 212,238 930 105 1,035 1,415 790 3,241 215,478 |
2022 £ 35 7,880 |
|---|---|---|
| 7,915 | ||
| 2022 £ 1,860 - |
||
| 1,860 | ||
| 2022 £ 93,768 4,389 4,989 3,697 5,009 91 616 7,159 3,000 7,166 |
||
| 129,884 11,030 |
||
| 140,915 | ||
| 900 - |
||
| 900 1,131 694 |
||
| 2,726 | ||
| 143,641 |
The fee payable to the independent examiner for preparing and examining the accounts was £930 (2022: £900).
c Grants payable
| Grants for local support Grants for mission support The comparatives for the previous year are as follows: Grants for local support Grants for mission support |
Institutions £ - 15,070 15,070 Institutions £ - 7,020 7,020 |
Individuals £ 6,085 1,000 7,085 Individuals £ 600 3,410 4,010 |
2023 £ 6,085 16,070 |
|---|---|---|---|
| 22,155 | |||
| 2022 £ 600 10,430 |
|||
| 11,030 |
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GRACE CHURCH DELL ROAD
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2023
The charity's principal grants to institutions comprised:
| charity's principal grants to institutions comprised: | ||
|---|---|---|
| Fellowship of Independent Evangelical Churches Serving in Mission Interserve Arab World Ministries Agape UK Converge (US charity) Greater Europe Mission UK Grants to institutions for less than £1,000 each |
2023 £ 2,370 2,800 1,400 1,400 2,500 3,000 1,500 100 15,070 |
2022 £ 2,220 2,400 1,200 1,200 - - - - |
| 7,020 |
7 Analysis of staff costs, the cost of key management personnel and trustee remuneration
The average monthly number of employees during the year was 4 (2022: 3). Most of the charity's activities are carried out by volunteers.
No staff received salaries at a rate of more than £60,000 per annum.
The charity's key management comprise the trustees and the key staff named on the Charity Information page. Total employment benefits payable to key management for the year were as follows:
| Other Employer Wages & employment pension salaries benefits contributions Trustees: Andrew Weatherley 39,718 - 2,976 Stuart Ward 31,699 - 2,317 ollowing amounts were payable in the previous year: Other Employer Wages & employment pension salaries benefits contributions Trustees: Andrew Weatherley 38,912 - 2,918 Stuart Ward 30,089 - 2,257 |
2023 £ 42,694 34,016 |
|---|---|
| 76,710 | |
| 2022 £ 41,830 32,346 |
|
| 74,176 |
The following amounts were payable in the previous year:
Andrew Weatherley and Stuart Ward served as church leaders and received the above payments for serving in that capacity, not for serving as trustees; these payments are permitted by the charity's governing document.
8 Tangible fixed assets
| Cost At 1 April 2022 Additions Disposals At 31 March 2023 Accumulated depreciation At 1 April 2022 Charge for the year Eliminated on disposal At 31 March 2023 Net book value At 31 March 2023 At 31 March 2022 |
Fixtures, fittings and equipment £ 8,464 1,819 10,283 6,930 1,415 8,346 1,938 1,534 |
Total 2023 £ 8,464 1,819 - |
|---|---|---|
| 10,283 | ||
| 6,930 1,415 - |
||
| 8,346 | ||
| 1,938 | ||
| 1,534 |
13
GRACE CHURCH DELL ROAD
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2023
9 Debtors
| Falling due within one year: Tax recoverable Total debtors at Bank and in Hand Cash at bank with immediate access Notice deposits (with a term of three months or less) Petty cash itors: liabilities falling due within one year Accruals Finance lease liabilities itors: amounts falling due after more than one year Finance lease liabilities |
2023 £ 15,653 15,653 2023 £ 154,572 5,000 48 159,621 2023 £ 1,090 7,150 8,240 2023 £ 39,325 39,325 |
2022 £ 2,626 |
|---|---|---|
| 2,626 | ||
| 2022 £ 113,983 - 48 |
||
| 114,031 | ||
| 2022 £ 870 7,150 |
||
| 8,020 | ||
| 2022 £ 46,475 |
||
| 46,475 |
10 Cash at Bank and in Hand
11 Creditors: liabilities falling due within one year
12 Creditors: amounts falling due after more than one year
13 Loans and finance leases
The liabilities for finance leases referred to in notes 12 and 13 fall due for repayment as follows:
| Repayable: Within one year Between one and five years After five years |
Otherwise than by instalments - - - - |
By instalments 7,150 28,600 10,725 46,475 |
2023 2022 £ £ 7,150 7,150 28,600 28,600 10,725 17,875 46,475 53,625 Finance leases |
2023 2022 £ £ 7,150 7,150 28,600 28,600 10,725 17,875 46,475 53,625 Finance leases |
|---|---|---|---|---|
| 53,625 |
The church has entered into a lease arrangement, whereby Church Growth Trust have invested £80,000 as a grant towards the new extension. The lease commenced on 1st October 2014 and allows for the £80,000 to be recovered over a 15 year period at an interest rate of 4% per year by way of an annual rental payment of £7,150.
14 Pension commitments
During the year employer’s pension contributions totalling £8,287 (2022: £5,974) were payable to defined contribution personal pension schemes.
14
GRACE CHURCH DELL ROAD
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2023
15 Funds
During the year the movements in the charity's funds were as follows:
| Designated Funds Premises fund Mission & Partnership Fund General Unrestricted Funds Total Unrestricted Funds Restricted Funds Love fund Ward Fund Jackson Fund Premises fund Aggregate of funds |
Opening balance 2023 £ 13,847 775 14,622 15,276 29,899 4,278 1,165 28,354 - 33,797 63,696 |
Incoming resources 2023 £ - - - 178,086 178,086 1,250 - 10,860 91,232 103,342 281,428 |
Outgoing resources 2023 £ - (775) (775) (144,416) (145,191) (3,035) - (30,835) (36,417) (70,287) (215,478) |
Transfers in the year 2023 £ 25,000 - 25,000 (25,000) - - - - - - - |
Gains and losses 2023 £ - - - - - - - - - - |
Closing balance 2023 £ 38,847 - |
|---|---|---|---|---|---|---|
| 38,847 23,947 |
||||||
| 62,794 | ||||||
| 2,494 1,165 8,379 54,815 |
||||||
| 66,852 | ||||||
| 129,646 |
Details of funds:
Premises Fund - funds designated for any future costs in relation to new or improved premises Mission & Partnership Fund - funds designated for the support of mission and partner activities Love Fund - funds restricted for the support of individuals and families in financial need
Ward Fund - funds restricted for the support of Stuart Ward as an employee of Grace Church Dell Road
Jackson Fund - funds restricted for the support of Joshua Jackson as an employee of Grace Church Dell Road. (This fund was named the FIEC fund in a previous year, but it still has the same purpose.)
Analysis of net assets by fund
The assets and liabilities of the various funds were as follows:
| ysis of net assets by fund assets and liabilities of the various funds were as follows: |
||||
|---|---|---|---|---|
| Tangible fixed assets Debtors Cash at bank and in hand Creditors falling due within one year Creditors falling due after one year |
General Designated funds funds £ £ 1,938 6,445 63,129 38,847 (8,240) (39,325) 23,946 38,847 Unrestricted Funds |
Restricted funds £ 9,209 57,644 66,852 |
2023 £ 1,938 15,653 159,621 (8,240) (39,325) |
|
| General funds £ 1,938 6,445 63,129 (8,240) (39,325) 23,946 |
||||
| 129,646 |
15
GRACE CHURCH DELL ROAD
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2023
In the previous year the movements in the charity's funds were as follows:
| Designated Funds Premises fund Mission & Partnership Fund General Unrestricted Funds Total Unrestricted Funds Restricted Funds Love fund Ward Fund Jackson Fund Westhill Fund Aggregate of funds |
Opening balance 2022 £ 3,413 775 4,188 (29,311) (25,122) 5,688 1,165 28,238 - 35,091 9,968 |
Incoming resources 2022 £ 8,750 - 8,750 168,110 176,860 - - 19,608 900 20,508 197,368 |
Outgoing resources 2022 £ (14,316) - (14,316) (105,523) (119,839) (3,410) - (19,491) (900) (23,801) (143,641) |
Transfers in the year 2022 £ 16,000 - 16,000 (18,000) (2,000) 2,000 - - - 2,000 - |
Gains and losses 2022 £ - - - - - - - - - - - |
Closing balance 2022 £ 13,847 775 |
|---|---|---|---|---|---|---|
| 14,622 15,276 |
||||||
| 29,899 | ||||||
| 4,278 1,165 28,354 - |
||||||
| 33,797 | ||||||
| 63,696 |
Analysis of net assets by fund
In the previous year, the assets and liabilities of the various funds were as follows:
| Tangible fixed assets Debtors Cash at bank and in hand Creditors falling due within one year Creditors falling due after one year |
General Designated funds funds £ £ 1,534 2,626 65,612 14,622 (8,020) (46,475) 15,276 14,622 Unrestricted Funds |
Restricted funds £ 33,797 33,797 |
2022 £ 1,534 2,626 114,031 (8,020) (46,475) |
|
|---|---|---|---|---|
| General funds £ 1,534 2,626 65,612 (8,020) (46,475) 15,276 |
||||
| 63,696 |
Premises Fund - funds designated for any future costs in relation to new or improved premises Mission & Partnership Fund - funds designated for the support of mission and partner activities Love Fund - funds restricted for the support of individuals and families in financial need
Ward Fund - funds restricted for the support of Stuart Ward as an employee of Grace Church Dell Road Jackson Fund - funds restricted for the support of Joshua Jackson as an employee of Grace Church Dell Road. Note: this fund was named the FIEC fund last year, but it still has the same purpose
Westhill Fund - funds restricted for Christmas events
16 Transactions with related parties
During the year the charity:
- a) received donations totalling £49,447 from related parties (which includes trustees, any other members of key management and anyone closely connected to them).
Except as disclosed in note 7 'Analysis of staff costs', there have been no other transactions with related parties during the year.
16
GRACE CHURCH DELL ROAD
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2023
17 Reconciliation with previously reported funds
In the previous year the charity prepared its accounts using the receipts and payments basis; in the current year the charity's income exceeded £250,000 and so it is now obliged to use the accruals basis for the preparation of its accounts. The comparatives presented in these accounts have been re-stated using the accruals basis and a reconciliation with the reserves and results reported previously follows:
| previously follows: | ||
|---|---|---|
| Reconciliation of reserves Previously reported reserves, at 31 March Adjustments arising from use of accruals basis: Inclusion of previously excluded fixed assets Inclusion of previously excluded debtors Inclusion of previously excluded creditors Re-stated reserves, at 31 March |
2022 £ 114,031 1,534 2,626 (54,495) 63,696 |
2021 £ 68,058 1,791 1,764 (61,645) |
| 9,968 |
| Previously reported results Adjustments arising from use of accruals basis: Capitalised expenditure less depreciation Movements in debtors resulting in the recognition of more / (less) income Movements in creditors resulting in the recognition of less / (more) expenditure Re-stated results Reconciliation of results |
2022 £ 45,973 (258) 862 7,150 |
|---|---|
| 53,727 |
17
| Note INCOME AND ENDOWMENTS FROM: Donations and legacies 3 Charitable activities 4 Other income 5 Total income and endowments EXPENDITURE ON: Charitable activities: 6 Total Expenditure Transfers between funds 15 Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 15 |
DETAIL | GR ED STATEMENT O FOR TH |
ACE CHURCH DE F FINANCIAL ACT E YEAR ENDED 31 |
Total 2023 £ 275,554 5,786 88 281,428 215,478 215,478 - 65,950 63,696 129,646 LL ROAD IVITIES WITH COMPAR MARCH 2023 |
ATIVES | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Unrestric | Designated 2023 £ - - - ted funds |
Restricted 2023 £ 103,342 - - |
Total 2023 £ 275,554 5,786 88 281,428 215,478 215,478 - 65,950 63,696 129,646 |
G 1 1 1 1 ( ( |
Unrestric | Designated 2022 £ 8,750 - - ted funds |
Restricted 2022 £ 20,508 - - |
Total 2022 £ 187,593 7,915 1,860 197,368 143,641 143,641 - 53,727 9,968 63,696 |
||
| General 2023 £ 72,212 5,786 88 |
eneral 2022 £ 58,336 7,915 1,860 68,110 05,523 05,523 18,000) 44,587 29,311) 15,276 |
||||||||||
| 1 | 78,086 | - | 103,342 | 8,750 | 20,508 | ||||||
| 1 | 44,416 | 775 | 70,287 | 14,316 | 23,801 | ||||||
| 1 | 44,416 | 775 | 70,287 | 14,316 | 23,801 | ||||||
| ( | 25,000) | 25,000 | - | 16,000 | 2,000 | ||||||
| 8,670 15,276 |
24,225 14,622 |
33,055 33,797 |
10,434 4,188 |
(1,293) 35,091 |
|||||||
| 23,947 | 38,847 | 66,852 | 14,622 | 33,797 | |||||||
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