**REGISTERED CHARITY NUMBER 1164372** ## **FINANCIAL STATEMENTS** **FOR THE PERIOD ENDED 31 JULY 2021** ## **FOR** **GALLERY CHURCH** ## **GALLERY CHURCH** ## **INDEX TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JULY 2021** ||**Page**| |---|---| |**General Information**|**1**| |**Trustees Annual Report**|**2-3**| |**Independent Examiners Report**|**4**| |**Statement of Financial Activity**|**5**| |**Statement of Assets and Liabilities**|**6**| |**Notes to the Accounts**|**7**| ## **GALLERY CHURCH** ## **GENERAL INFORMATION FOR THE PERIOD ENDED 31 JULY 2021** CHARITY NUMBER 1164372 PRINCIPAL ADDRESS 19 Harford Street Birmingham B19 3EB INDEPENDENT EXAMINERS TCP (GB) Group Ltd 10 the triangle ng2 business park nottingham ng2 1ae BANKERS Barclays Bank plc Stourbridge 8 Market St Kingswinford DY6 9JP Page 1 ## **GALLERY CHURCH** ## **TRUSTEES ANNUAL REPORT FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JULY 2021** The Trustees present their annual report and financial statements of the charity for the period ended 31 July 2021. The financial statements have been prepared in accordance with the accounting policies set out in Note 1 to the accounts and comply with the charity’s trust deed, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance the with Financial Reporting Standard applicable in the UK and Republic of Ireland published on 16 July 2014. ## **Objectivities and Activities for the Public Benefit** The charitable constitution was adopted 7 June 2015 and charitable status for the Church was granted 12 November 2015. The objectives of the Church are for the benefit of the public - the advancement of the Christian Faith - to relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind including the provision of counselling and support in such parts of the UK or the world as the Church Council from time to time think fit - the advancement of education in such ways and in such parts of the UK or the world as the Church Council from time to time may think fit ## **Review of Achievements** Over the course of the financial year Gallery Church has developed and grown to provide online support for the community and the wider church in the UK. Also when able to the Church has provided physical support, marriage prep courses, one to one wellbeing support, with many people being cared for and strengthened through the Gallery Church’s activity. Pastor Andy has reduced his hours. What we lose from Pastor Andy’s hours we hope to gain in a more volunteer based community and the releasing of other peoples gifts and talents. ## **Financial Review** Gallery Church has just about weathered the Covid-19 storm and managed to keep going financially. Over the financial year the Church lost a significant percentage of givers and this will be a challenge moving into the new year to try and recover them and access other donations. The trends are deficits, so action and attention will be needed over the next year. Pastor Andy’s reduced hours has helped our financial situation. ## **Reserves Policy** Gallery Church continues to hold 6 months running costs in reserves in line with the expectations of a registered charity. ## **Plans for the Future** We have moved across Birmingham to a large industrial venue, previously used by Freedom Church. It’s a temporary option but we found it prudent to make the move as it’s big enough for growth and people to meet confidently in the light of the recent pandemic. We’ll see how it works for the Church and foster a relationship with the landlord and look to move forward from there. We’re looking to reach the new communities we find ourselves in, looking to meet the spiritual, emotional and physical needs of the Jewellery Quarter and Newtown. Page 2 ## **GALLERY CHURCH** ## **TRUSTEES ANNUAL REPORT FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 (CONTINUED)** ## **Structure, Governance and Management** There are no changes to report during this period. ## **Trustees** The Trustees during the period and at the period end were: A Waddams Mrs K Harris I Harris L Tonge J White All Trustees were appointed under the terms of the constitution in line with the Assemblies of God UK. As of the summer 2021, James White stepped down from 10 years of serving as a trustee at Gallery Church. Ian and Kerry Harris will also be leaving Gallery Church in February 2022. Our thanks go to them all for the commitment and work for the Church. A new trustee board will be the focus for next year. ## **Trustees' responsibilities statement** 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). The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP 2015 - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; - prepare the financial statements on the 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 provisions of the trust deed. 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. **Signed on behalf of the Trustees** A Waddams _Trustee 27 May 2022_ Page 3 ## **GALLERY CHURCH** ## **INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF THE GALLERY CHURCH FOR THE PERIOD ENDED 31 JULY 2021** I report to the charity trustees on my examination of the accounts of the charity for the period ended 31 July 2021 which are set out on pages 5 to 7. ## **Responsibilities and basis of report** As the charity’s trustees 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** 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 charity as required by Section 130 of the Act. 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. TCP (GB) Group Ltd 10 The Triangle NG2 Business Park Nottingham NG2 1AE 27 May 2022 Page 4 ## **GALLERY CHURCH** ## **STATEMENT OF FINANCIAL ACTIVITY FOR THE PERIOD ENDED 31 JULY 2021** |**INCOME:**
_Income from donations and gifts_
Donations
Gift aid
Other income
**TOTAL INCOME**
**EXPENDITURE:**
_Expenditure on charitable activities_
Cost of events
Donations and gifts
Pastoral services
Room rent
Training
Utilities
Repairs and maintenance
Stationery and computer expenses
Office expenses
Travel expenses
AOG membership
Accountancy
Bank interest
Levies
**(DEFICIT)/SURPLUS OF EXPENDITURE**
**OVER INCOME**|**2021**
**£**
**£**
**51,391**
**-**
**-**
**51,391**
**4,839**
**3,360**
**23,370**
**17,356**
**-**
**522**
**200**
**4,021**
**590**
**348**
**-**
**840**
**-**
**1,030**
**56,476**
**£(5,085)**|2020
£
£
81,182
-
-
81,182
4,505
3,279
27,889
21,936
374
2,401
801
4,429
907
483
-
840
6
-
67,850
£13,332|2020
£
£
81,182
-
-
81,182
4,505
3,279
27,889
21,936
374
2,401
801
4,429
907
483
-
840
6
-
67,850
£13,332| |---|---|---|---| ||**£**
**4,839**
**3,360**
**23,370**
**17,356**
**-**
**522**
**200**
**4,021**
**590**
**348**
**-**
**840**
**-**
**1,030**|£
4,505
3,279
27,889
21,936
374
2,401
801
4,429
907
483
-
840
6
-|| ||||81,182
67,850| ||||£13,332| Page 5 ## **GALLERY CHURCH** ## **STATEMENT OF ASSETS AND LIABILITIES AS AT 31 JULY 2021** |**FIXED ASSETS**
Performance music
Fixtures and equipment
Computer Equipment
**CURRENT ASSETS**
Cash at bank and in hand
**CURRENT LIABILITIES**
Accruals
**NET CURRENT ASSETS**
**NET ASSETS**
**RESERVES**
Unrestricted funds|**2021**
**969**
**24,407**
**2,043**
**27,419**
**21,100**
**21,100**
**2,520**
**18,580**
**£ 45,999**
**45,999**
**£ 45,999**|2020
£
£
969
22,142
2,043
25,154
28,450
28,450
2,520
25,930
£ 51,084
51,084
£ 51,084|2020
£
£
969
22,142
2,043
25,154
28,450
28,450
2,520
25,930
£ 51,084
51,084
£ 51,084| |---|---|---|---| ||**969**
**24,407**
**2,043**
**21,100**
**21,100**
**2,520**|£
969
22,142
2,043
28,450
28,450
2,520|| ||||£ 51,084| ||||51,084| ||||£ 51,084| Page 6 ## **GALLERY CHURCH** ## **NOTES TO THE ACCOUNTS** **31 JULY 2021** ## **1. ACCOUNTING POLICIES** ## **Basis of Preparation** The accounts have been prepared on a receipts and payments basis and in accordance with Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance the with Financial Reporting Standard applicable in the UK and Republic of Ireland published on 16 July 2014. . ## **2. CHARITABLE STATUS** The Church adopted a new constitution on 7 June 2015 and was registered as a charity from 12 November 2015. Page 7 ``` Signatures' technical details ``` ## **`Signatures`** ## **`gallerychurch@hotmail.com`** ``` 27/05/2022, 12:05:45 BST ``` ``` Fingerprint eebb1764fecf92edc7ac7f290b9fe293c006775b Signature Andrew Waddams ``` ## **`Event log`** ``` 10.50.11.15427/05/2022, 12:03:52 BST Signing request created. System27/05/2022, 12:03:54 BST Notification sent to gallerychurch@hotmail.com. System27/05/2022, 12:05:07 BST Signing page opened by signee gallerychurch@hotmail.com. System27/05/2022, 12:05:45 BST Signee gallerychurch@hotmail.com signed document. System27/05/2022, 12:05:47 BST Signing process completed. ``` ## **`Summary`** ``` Envelope's ID:9bjdae2n Document's hash:278d75856f0c6dc69edb64bb0141c934bce95d6ce2f15473c4ede461e871ba3e Final stamp:27/05/2022, 12:05:48 BST ``` **----- Start of picture text -----**
Verification QR Code
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