**REGISTERED CHARITY NUMBER: 1163653** ## **REPORT OF THE TRUSTEES AND** **FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023** ## **FOR** ## **FRESHGROUND** Hartley Fowler LLP Chartered Accountants 4th Floor Tuition House 27-37 St George's Road Wimbledon London SW19 4EU **FRESHGROUND** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023** **----- Start of picture text -----**
Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7 to 10
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**FRESHGROUND** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023** The trustees present their report with the financial statements of the charity for the year ended 30 September 2023. The trustees have adopted the provisions of 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). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The charity has the following objectives: a) The advancement of the Christian faith as part of the Global Church of The Nazarene and the Church of the Nazarene British Isles South District. b) To serve and enhance the local community ## **Public benefit** The Trustees have had due regard to the Charity Commission guidance on public benefit reporting in deciding what activities the charity should undertake. This report illustrates the activities undertaken to support the public benefit requirement. ## **Volunteers** The work planned, activities undertaken and achievements attained would not have been possible without the active involvement and hard work of all of the members and friends of the charity without whom the substantial work of the charity could not be realised. The Board of Trustees is grateful for the work and support of all the members and friends of Fresh Ground London Church of The Nazarene. ## **ACHIEVEMENT AND PERFORMANCE Charitable activities** The church premises operated during the year as a coffee shop and as a space available to be used for local community activities in order to engage and provide support to the local community in addition to its primary purpose as a place for Christian worship. Review of the Year The aims for the year included: - Continuation of weekly Christian worship meetings and promotion of the Christian faith - Work with children and young people to promote the Christian faith and provide local social benefit. - Continuation of weekly meetings for the more mature individuals in the local area. - Continuing to develop links with the local community, to enhance the involvement of the church with and relevant local agencies on behalf of the local community. - Continue to partner with and make the church building available to relevant local agencies seeking to benefit the local communities ## Significant activities during the period include: - Weekly worship services. - Meetings held for children and young people for interaction and a safe environment to enable them to grow and develop both spiritually, socially and individually. - Weekly meetings for spiritual and personal development, growth and education. - Partnering with local Community programmes. - Organising a community fun day. - Involvement with the local schools. - Regular craft meetings promoting social interaction. - Provision of the building for community activities. - Visitation of both members and others in the local community in times of need or by request. - Availability for weddings and funerals and other services of significance ## Achievements during the period include: - Continued growth of the membership and attendance at the church and of their spiritual and personal development. - Continued development of the social and educational opportunities and interaction with the local community through and with organisations that we partner with. -1- **FRESHGROUND** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023** ## **FINANCIAL REVIEW** ## **Financial review** The charity has continued throughout the year to meet and tailor the expenditure it incurs to the income received through rent for use of the building and through the tithes, offerings and donations received. There is much more that the Board of Trustees would like to do and we continue to explore these and the use of possible grants that may be available to enable these plans to become a reality. ## **Reserves policy** The charity does not have a policy on reserves as the expenditure and work of the charity is reliant upon the ongoing support, tithes and offerings of the members and friends received at the weekly meetings. The Board of Trustees reviews on a monthly basis the anticipated income and expenditure for the next two to three months in order to ensure the ongoing work of the charity. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** The charity is constituted as a charitable incorporated organisation (CIO) and was registered with the Charity Comission on 18 September 2015 with registration number 1163653. ## **Charity constitution** The CIO is governed by an approved governing constituting document drawn up by Anthony Collins, Charity Solicitors, Birmingham and approved by the Charity Commission for England and Wales and HMR&C. The governing document is based on the Manual of the Global Church of The Nazarene where UK law permits. ## **Trustee appointments** The Pastor of the church is ex-officio chairperson of the Board of Charity Trustees and his/her position is reviewed after two years and then every four years after that. The remaining Trustees are appointed annually by the members of Fresh Ground London Church of The Nazarene at the annual general meeting held in February each year. ## **Governance and wider network** The Board of Trustees meets regularly, normally on a monthly basis to consider the work and management of the church and assess and plan the financial and other aspects of the work and direction of the charity. The church/CIO is a member of the Church of The Nazarene British Isles South District (a Charitable Company Limited by Guarantee, Company No 7028764; Charity No 1133336) which in turn is a member of The Global Church of The Nazarene which has its headquarters in Lenexa, USA. ## **Decision making and risk management** The risk management strategy of the church is in a continual process of formulation in response to the changing circumstances that could impact upon the work of the church. The Board of Trustees, in considering this important task, take direction from on-going discussions with members both internally and through meetings with the Church of The Nazarene British Isles South District and other advisers, adopting appropriate policies as required or as they become necessary to the ongoing work of the church. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1163653 ## **Principal address** 68 Battersea Rise Battersea London SW11 1EQ -2- **FRESHGROUND** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023** ## **Trustees** L Evanov J Nike Chairperson L Nike A L Quinn C C Triviaux-Frenet The Chairperson is ex officio by virtue of his office as Pastor of Fresh Ground London Church of The Nazarene and the NYI, NMI and Children’s Ministry representatives are also ex officio by virtue of their office within the Church. ## **Holding Trustee** Church of the Nazarene British Isles South District (A Charitable Company Limited by Guarantee: Company No 7028764) **Website:** www.freshgroundlondon.com **Bankers:** Nat West Bank plc ## **Independent Examiner** Hartley Fowler LLP Chartered Accountants 4th Floor Tuition House 27-37 St George's Road Wimbledon London SW19 4EU Approved by order of the board of trustees on 28 August 2024 and signed on its behalf by: J Nike - Trustee -3- **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FRESHGROUND** ## **Independent examiner's report to the trustees of Freshground** I report to the charity trustees on my examination of the accounts of Freshground (the Trust) for the year ended 30 September 2023. ## **Responsibilities and basis of report** As the charity trustees of the Trust 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 Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the 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 respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. 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. Jonathan Askew FCA Hartley Fowler LLP Chartered Accountants 4th Floor Tuition House 27-37 St George's Road Wimbledon London SW19 4EU 5 September 2024 -4- **FRESHGROUND** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2023** |2023
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and other income
2
10,296
**Charitable activities**
Coffee shop
85,635
Church hall and other rental income
150,554
**Total**
246,485
**EXPENDITURE ON**
**Charitable activities**
3
Church activities
118,482
Coffee shop
30,135
Property costs and utilities
70,183
**Total**
218,800
**NET INCOME/(EXPENDITURE)**
27,685
**RECONCILIATION OF FUNDS**
Total funds brought forward
76,865
**TOTAL FUNDS CARRIED FORWARD**
104,550|2022
Total
funds
£
17,722
66,632
167,613
251,967
161,775
27,026
64,213
253,014
(1,047)
77,912
76,865| |---|---| The notes form part of these financial statements -5- **FRESHGROUND** ## **BALANCE SHEET 30 SEPTEMBER 2023** |2023
Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
6
6,707
**CURRENT ASSETS**
Debtors
7
18,147
Cash at bank and in hand
90,951
109,098
**CREDITORS**
Amounts falling due within one year
8
(11,255)
**NET CURRENT ASSETS**
97,843
**TOTAL ASSETS LESS CURRENT LIABILITIES**
104,550
**NET ASSETS**
104,550
**FUNDS**
9
Unrestricted funds
104,550
**TOTAL FUNDS**
104,550|2022
Total
funds
£
7,595
36,944
39,521
76,465
(7,195)
69,270
76,865
76,865
76,865
76,865| |---|---| The financial statements were approved by the Board of Trustees and authorised for issue on 28 August 2024 and were signed on its behalf by: J Nike - Trustee The notes form part of these financial statements -6- **FRESHGROUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **2. DONATIONS AND OTHER INCOME** 2023 2022 £ £ Donations 10,296 17,722 -7- **FRESHGROUND** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2023** ## **3. CHARITABLE ACTIVITIES COSTS** |Church activities
Coffee shop
Property costs and utilities|Direct
Costs
£
118,482
30,135
70,183
218,800| |---|---| ## **4. TRUSTEES' REMUNERATION AND BENEFITS** The Rev J Nike who is a trustee of the charity received a salary in relation to his role as Pastor of £29,356 for the year. These payments are permitted under the constitution of the charity and were approved by the other trustees.. No trustees received expenses in the year in relation to their role as trustees. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 30 September 2023 nor for the year ended 30 September 2022. ## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |**INCOME AND ENDOWMENTS FROM**
Donations and other income
**Charitable activities**
Coffee shop
Church hall and other rental income|Unrestricted
fund
£
17,722
66,632
167,613| |---|---| |**Total**|251,967| |**EXPENDITURE ON**
**Charitable activities**
Church activities
Coffee shop
Property costs and utilities|161,775
27,026
64,213| |**Total**|253,014| |**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward|(1,047)
77,912| |**TOTAL FUNDS CARRIED FORWARD**|76,865| -8- **FRESHGROUND** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2023** **----- Start of picture text -----**
6. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£ £ £
COST
At 1 October 2022 10,919 2,555 13,474
Additions 2,079 317 2,396
At 30 September 2023 12,998 2,872 15,870
DEPRECIATION
At 1 October 2022 4,832 1,047 5,879
Charge for year 2,730 554 3,284
At 30 September 2023 7,562 1,601 9,163
NET BOOK VALUE
At 30 September 2023 5,436 1,271 6,707
At 30 September 2022 6,087 1,508 7,595
7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Rents receivable 16,122 35,444
Other debtors 2,025 1,500
18,147 36,944
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Taxation and social security 2,764 2,112
Other creditors 8,491 5,083
11,255 7,195
9. MOVEMENT IN FUNDS
Net
At movement At
1/10/22 in funds 30/9/23
£ £ £
Unrestricted funds
General fund 76,865 27,685 104,550
TOTAL FUNDS 76,865 27,685 104,550
**----- End of picture text -----**
-9- **FRESHGROUND** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2023** ## **9. MOVEMENT IN FUNDS - continued** Net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund|Incoming
resources
£
246,485|Resources
expended
£
(218,800)|Movement
in funds
£
27,685| |---|---|---|---| |**TOTAL FUNDS**|246,485|(218,800)|27,685| |**Comparatives for movement in funds**
**Unrestricted funds**
General fund|At
1/10/21
£
77,912|Net
movement
in funds
£
(1,047)|At
30/9/22
£
76,865| |**TOTAL FUNDS**|77,912|(1,047)|76,865| |Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
251,967||Resources
expended
£
(253,014)|Movement
in funds
£
(1,047)| |**TOTAL FUNDS**|251,967|(253,014)|(1,047)| ## **10. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 30 September 2023. -10- Hortle,yFowler' Digitally Signed Document Docum¢nt ID: 26CIC9CFD6FIFE Document Details Fllenanit: Freshground 2023 acs FINAL.pdf Clli'nl ul.: Hartley Fowler LLP Signature Details Jason Nike aznike@googlemail.corn l)-ItL ll. Tlmi,: 0510912024 09..44..32 AM (BST) IP AililrLSY'. 194.153.21.33 Jason Nike confirn15 thAI the infomiation is co￿¢¢1 and complete to the best of their knowl¢dge and belief. Slgning StAtement: Digital Certificate larnpcrcd with. On bchulf vf: Hartley Fowler LLP PDF di¥ildil ccrtiliithte: IRIS softwa￿ Group Limited Digit￿1] Lcrtilicalc issued b).: Globalsign Please keep a copy of this document for your rccords. Hartley Fowler LLP is powered by IRIS OpenSpac¢. REGisfERED al￿ NUM8ER: 1163653 REpoirr OFTME TRUSTEES A14D FINANCIAL STATEMElIts FOR THE YEAR ENDED 30 SEPTEMBER Z023 FOR FRESHGROUND Hayttey Fth￿er LLP Chartered knuntsnts 4th Fljor Tuition House 27-37 & Georye'5 Road Wirnbledon Lonthjn SW19 4EU FRESHGROUND CONTENTS OF THE FINANCIAL STATEMEPUS FOR THE YEAR ENDED 30 SEPTEMBER 2023 Report olthe Trusteas I to 3 Indep¢hdthtEx•mln•Vs Report Stknm•rt ofHMndml Activiti Bal•nc• Sh•rt Mot•%tothe Financi￿ Statements 7 to 10 D¢tslhd St•t•m•nt of FIn￿dI1 Actl¥ltla• li FRESHGROUND REPORT OF THE TRusfEES FOR THE YEAR EIIDED 30 SEPTEMBER 2023 The trustees tyesent thelr rep)rt wlth the finaroal staternents of the Cha￿ for the year ended 30 Septernter 2023. The trustees have a&)pted the pThisions of AccDuntiTr3 arKJ Rewtiro by (thar￿.￿.. Ststement of ￿￿0mmen(￿d Practte appllcable to tharibes prepariw ihelr attounts In acCorda￿e wth the Financknil RepJUng Stsndard applica￿ in the UK Republ'c cl ￿L￿nd IFKS 102) (effectwe l Jan￿ry 2019). 0￿ECTIVEs AND ACTivrrIES Objectives and aim5 The charily has the folkjwing obJectNes'. al The advancernent ol the Christian faith as Fqrt of ihe Gktsl Church of The NazarerE the thurth of the Nazarene 14es South DLtht. bl To serve aThJ enhanTr the local commun PuNl¢ bÈn•fit The TrL&ees have had due ￿gard to the Charity Commisson gUIdan￿ on pubuc b￿e1]L repjtng In deadlr¥J what actmties the charty Shou￿ undertake. ThL8 ￿p)rt Illustrates the aLtIV￿¢S Ur￿ertaken to SUP￿ the publc tenefrt requIreTh￿ Volunte•r The pLinned, actmves undertaken aThJ ath￿vernents attalned would not have been p0￿ble ￿thcYJt the actyve involvewent hard w￿k of all cl tho rnernbers a￿} frlend5 ul charlty wlthout %th)m the sub&antlal ol the dwity ccdd rnt reallsed. The Bcord of Trustees b grateful for the work and s￿￿rt ￿ all the members and fdends of Fresh GrouTrJ LoTrdon Church ofThe Nazare￿. ACHIEVEMENT AND PERFORMANCE Cha￿￿ble activities Thc thurch prerni.Y5 operated durlng the ￿ar as a ccrtee thop ènd as a Spa￿ avalatde to be used for kKal comrnunity aCiMt￿5 In order to ewge and provKle SUFP¢Jrt to the l¢xJl coffmunlty In adthon to ts prlrnary purp)se as a pkce fcf Chrfstlan wor5hlp. Revlew of the Year The alrns for the yeaf Induded; - Contlnuation of Week￿ thrtstian worship meetlrrtjs promokn ol rhe Chrtsuan falth - wlth chlldren and young pe(v￿ to promcts the Cfvrisuan fath and wDvlde local soclal b￿fft, - contlnm1j￿ of weekty meethjs ihe rrKire mture Indlvldua15 In Ical area. - Qjntynuing to develop Ilnks wth Ical ccrtM)unty, to enhorKe the Invc4vement Lrf the church v41th and relewant k)cal agencles on behalf ofthe kKal communlty. - Contlnue to partner wth and make Ihe church building avallable to relevant l¢xal ag￿eS See￿ng to the hxal cornrnU￿tjcs &gnffjcant aCtIv￿e5 durirvJ Include.. - Weekty w￿ShIp savlce - Meeting5 hdd fcr chlkjren ancl ycury people for Inter￿lon and a Sale en￿￿rnertt0 enable them to grow and devebp bcth splritualty, soaally IndI￿ldU￿Iy. - Weekty rneetirvjs f￿ spiritual atxl personal devekJprnL growth arxl educatth. - PartnerirKJ local Communty pwrarn[￿. - Oryanislng a comrnunity fun thy. - Invofvernent wlth the hxal ￿h0o1$. - Regul¥ craft rneeiirwJs prcmoting 9)dal interactkn. - Provigon of the bulldlng for ccffimunlty aCt￿t￿5. - Visitation of both members and others in the l(Kd cimmurAty cl r￿ed request. - Availabilty for w￿dding5 and funerals and c*her serykes of ggiMfi¢ance Athievements durtng the pe￿)￿ IncKuJe'. - ContlnL*d growth of rnernbership arKJ attenth￿ at the thurch arn1 splrfiual and personal develc¢)rT*nE. - Ccrtinued development of the 9xid and eduotwal 0ptxrtL*mt￿S and inteTrction with the loral ccrnmunty thrcwh and w￿h organlsataons that we part￿ 4•Ath. FRESHGROUND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 20Z3 FINANCIAL REVIEW Nnanclal revlew The tharity has contlnued throughout the year to meet aTrJ tall￿ ￿ expend￿re ￿ hKurs to the Income r￿eNed thrwh rert for use cl the bulldlng and thrwJh t￿ tlthes, offerings and donatic￿S receNed. The￿ Is mwh n￿e that the BL4ird of Trustees would like tr> do and we conb.nue to expltye these and the of grarts that rnay t avalLible to enab￿ these plarts lo becfyme a tpallty. Rqserves pollcy The chartty doe5 not have a reserves as the exrnKlture aThl th of the charlty 15 rellant the orYJthg support, ts.thes offerlry5 d the mmbers aTrJ frlends re￿IVed at the weekty rneetlng5. The Board of TnJstee5 rewews on a mcnthly basis the anbcipated incclne expenditu￿ next two to thr& moiths in ¢Nder to en9J￿ the 0￿J￿r￿j of the tharfty. STRucniR¢ GOvERN￿cE AIID MANAGEMEKr Governlng d￿￿ment The charity Is conststuted as a charkntrAe Incorpor¢ted ¢xganisath)n (Ctol ar￿ was reglstered the Comlsskjn ) 18 September 2015 wlth reglstratlon number 1163653. Chjrlty con8t￿UtIon ao Is gc¥erned by an approved g￿mIng constr(uting document dra￿￿ up by Anthury Colllrs, Charlty Sltitors, 8im)Iroham and aFvroved by ￿ Charlty Commissbon f¢x Erylano aThJ Wales and HMR&C. The governing thCur￿t is based on the Marnwl of ts aobal thurch ofTr Naza￿ne where UK pernts Trustw appoIntM￿ts The Pastor of the churth Is ex.offldo chal￿ersOn of Board of CharKy Tnthe5 hlsther Y￿ewed after Years a￿$ then every four years after thaL The rerfoining Trustees are apyointed ann￿sIty by Ihe Membe￿ of Fresh Gr0￿d Lonth)n Church of The Nazarene at the annual g￿ra1 meeting he￿ In February eath year. Govemjnca and wltsr network The Board d Trustees meets regukdy, nomialty a mcrthty basls to te￿Sk￿r the T￿￿ rnanagew￿nt ol the thwch as￿ and plan the financial and other aspects cl the ￿fjrk aThJ dlrectth of the thatlty. The thurchlCIO 15 a member of the Church ol The Naarene Brlb'sh [￿e$ Swth Cmstrict {a Chatltsbk Ccfflpwy Llmlted tri Guarantee, c￿T￿anY No 7028764; Charity No IL333361 in tum L4 a ol Tr Gkthl Church of The Nazarene whlch has its headq￿]rterS In Lenexa, US Declslon maklnq and rlsk manJqefflert The risk management strategy of the churth Is In a COTltlnu* of fomiulalkm th resp)nse to the thanglNJ circumstan￿S that ccAdd Impart tIK w￿k cl the church. The Board of Trustees In COn￿dering th15 lrnportant tssk, take dlrectth from owlng d*us*)ns ￿th ff*mbers b)th Internalty and through meetlros wbth the Chur(h of The Nazarene British Iles Soth District and other athber5, adcyljng approprbate pollaes as requlod cf as they beccrfne necessjry to the ongd¢vJ th ofthe churth, REFERENCE AND ADMINISTRATIVE DEfAILS Regi5t¢red Charlty number 1163653 Prinapal ￿ldreN• 68 Battersea ￿se London Swii IEQ FRESHGROUND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023 L Evanov J Nike Chairrtt L Nike A L Qulnn C C Trfviaux-Frenet Chalrp&gJn Is ex offldo by ￿rtue ol his cnke as PasLor of Fresh GTound LC￿dOn ofThe Nazarene and the NYI, NMI and Chlldren's ￿'niStry rePreSen￿veS are al￿ ex offido by vithe cl thelr Orn￿ wthln the Church. HolJlnp Trwt•• Church cl the Nazarene BrfU5h Is￿5 S(xth IA awrftsble Company Umlbj Guarnntee.. Company No 70287641 W•b*•: www.freshgrouTrJloTrJon.com Bankfn: Nat West Bank Indepondert Examlner Hartley FovAer LLP Chartered Accountants 4th Fb)rTuf(lon Hc 27-37 St George's Road Wlmbkdon Lonc SW19 4EU by ordcr of ts b￿rd oftrustee5 cfi 28 2024 and 4gned M Its bth)11 ty: ) Nlke- Trustee INDEpENDEP￿ EXAMINER'S REPORT TO THE TRUSfEES OF FRESHGROUND Independent examine￿$ reportto the trusteas of Freshground I report to ￿ tharlty trustee5 p)anlrkityon of the aCc￿nts of FrethgroJTrJ (t￿ TrLStI for the year enthd 30 SepternÈer 2023. RU￿n$*I11￿eB Jnd lJa%ls of rewt As the charty trustee5 d the Trust yw a￿ reSp)[￿lb1e fw the preparal1c￿ of the aLThnls In accordan￿ vlth the requirernent5 of the Charlues kt 2011 {Ihe Arti. I rep)rt in reyct of my exaMlnoUC￿ of the Tr￿5 aL￿￿tS carrled under Secbon 145 of kt and in taryhg OL my examlnaUrm I have fdlowed al appkalAe Dlrethcns gNen by the Olidty Ctsnmlssk)n urnler ￿L￿)n 145{5)(b) of the ACL Indep￿dent examlnevg Statqment I have completed my examlnayon. I ￿firrn that no materfal matters hth come to ry attertlon In C￿neth0n the e¥2￿na￿On g￿lTh￿ me cause to beleve that In any rnatsrfal respect,. accojnung records were rK)t kert In fesrert of the Twst as requlred by Sethcffj 130 of the ￿ or accourts do not xcord ￿th thc6e records ar a￿OUnt$ do not cornpty wf(h the applIca￿e requlrernents concernlw the form and content of accounts Sel out in the Charfties (Accounts and Reports) Reoulatths 2008 other than ary requlremert that the a￿OUnt$ g￿e a true and f&r v*w whlch Is nct a matter consldwed as part cl ari lTrJependeni examlnauon. I have and ha￿ Cc*1￿ auos5 no 0￿r matteTr In coMectb)n the ex3￿na￿on to whkh attertjcffi be dra￿￿ In thls reFQrt In order to enatlt a wopei understsrdlng of the accourts to be reacheil. Jonèth Hartley F￿er LLP Chartered Accountants 4th Fhjor Tuition House 27-37 St r￿c¢￿'S Roal Wlmbledc Lork*)n SW19 4EU FRESHGROUND srATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2023 2023 un￿&l￿ted fuTrJ 2(r22 Totsl fund5 INCOME AND ENDOWMENTS FROM t)onatK)ns and other I￿orne 10,296 17,722 Charltabl• actlv*les Coffee shop Cthh hall and other rentsl income B5,635 150,554 66,632 167,613 Totsl 246,485 251,967 EXPENDrnJRE ON Charitable zctlvltl Church attl￿tIeS Coffee shcf) Prcwrty costs and utllyes 118,482 30,135 70,183 161,775 27,026 64,213 Trtal 218,8CpJ 253,014 NEf INCQMEI(EXPENDITIJRE) 27,685 (1,047) RECONCILIATION OF FUND5 Totrl lurvls ￿ght 76,865 77,912 TOTAL FIINDS CARRIED FORWARD 104,550 76,865 The note5 fc￿ pwt L* these FRESHGROUND BALANCE SHEEr 30 SEPTEMBER 2023 2023 Unre5trlcted fu 2022 Tokl fuThds Tary1b￿ assets 6,707 7,595 CURRENT A55ETS Oeblors Cash at bank and In har 18,147 90.951 36,944 39,521 109,098 76,465 CREDITORS AM￿nts faliw due thln one year 111.2551 (7,1951 97,843 69,270 TOTALASSEfs LESS CURREtfr UABILrriES 104,550 76,865 NEf ASSErs 104,$50 76,865 FUNDS Unrestricted r￿d5 104,5 76,865 TOTAL FUNI>S 104,550 76,865 The flnatKhl #aterrErts were aFproved by trt ￿ of Tru51ee5 and autkJri*d for k59Je on 28 August 2024 and were ggned on ts behay ty.. J Nlke- TnL8tse The rnJte5 fm part of these flnanclal staten*nts FRESHGROUND NOTES TO THE FINANCIAL sfATEMEiirs FOR THE YEAR ENDED 30 SEPTEMBER 2023 ACCOUNTING POUCIES BaJiJ of preparlng the f￿ancI￿1 Jtatsments The financlal statements of the charity, wh￿h is a puNic benefft ertty under FR5 102, have been prepared In acCorda￿e the Char￿25 SORP {FRS 1021 ACCOUn￿ng and Rep 30 SElYtEM8ER 2023 TANGIBLE FIXED A&SErs Hant and machinery Comput eqLJipment Totsls l Octoter 2022 Addf(ths 10,919 2,079 2,555 317 13,474 2,396 t 30 Septenknr 2023 12,998 2072 15,670 DEPRECIATION l October 2022 Charge year 4,832 2,730 1,047 554 S,879 3,284 30 Septerrts 2023 7,562 1,601 9,163 BOOK VALUE 30 Septen*u 2023 5,436 1,271 6,707 130 *tember 2022 6,087 1,508 7,595 DEBTORS: AMOUNTS FALUNG DUE wrrHIII ONE YEAR 2023 2022 Rents recefvab ¢Jhtr debtfjs 16,122 2,025 35,4H 1,51XI 18,147 36,944 CREDITORS: AMOUNTS FALLING DUE ￿THIN ONE YEAR 2Q23 2022 Taxa￿ aThl s￿1 securbty Other crojthrs 2,112 5,083 8,491 11,255 7,195 MOVEMElff IN FUMDS Net movement in funds At 1110122 At 3019123 Ilnre*lctsl fvnth General lur 76,865 27,685 IIM,5 TOTAL FUND5 76,865 27,685 104,550 FRESHGROUND NOTESTO THE FINANCIAL STATEMENTS- continued FOR THE YEAR E14DED 30 sE￿EmBER 2023 MoVEmEP￿ IN FUPa>S- contlnued Net Trv)Ven￿nt in funds, indudoj in the above a￿ as fdlthvs,. Incomlng Resour￿ Movement re9)urces EXFtYded in funds Unrestricted General ftjnd 246,485 1218,800) 27,685 TOTAL FUNDS 246,485 1218,8001 27,685 Comparatlve• for rnoveThrt In futtds Net movement In funds At VIORI 3019122 Unr••birted fundi General fund 77,912 11,047) 76,865 TOTAL FUNDS 77,912 11,047) 76,865 Cfjnwarnt￿e net nwn*nt In fund5, Inthjded In Js follow&, Incomlng reg)urces Resources e