**REGISTERED CHARITY NUMBER 1164372**
**FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JULY 2022**
**FOR**
**GALLERY CHURCH**
**GALLERY CHURCH**
## **INDEX TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JULY 2022**
||**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 2022**
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
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## **GALLERY CHURCH**
## **TRUSTEES ANNUAL REPORT FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JULY 2022**
The Trustees present their annual report and financial statements of the charity for the period ended 31 July 2022. 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 continued to provide online support for the community and the wider church in the UK whilst stepping back into in person activities as meeting restrictions were lifted.
We have continued embed ourselves into the new location, working with children and families with back to school support, local community days and regular litter picking mornings all for the greater benefit of the locality.
This year the Church has worked with Birmingham social services and Birmingham Conservatoire providing venue support and has hosted a let’s feed Brum campaign too. As well many people being supported, cared for and strengthened through the Gallery Church’s regular activity.
## **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 will have to see what the future holds for Gallery Church, many new people have joined us and we are currently assessing the best way forward. We are still a positive presence to the city of Birmingham and beyond, providing support both financially and with volunteers to the cultural, spiritual and charitable health of the city.
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## **GALLERY CHURCH**
## **TRUSTEES ANNUAL REPORT FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022 (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
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. 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 07 August 2023_
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## **GALLERY CHURCH**
## **INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF THE GALLERY CHURCH FOR THE PERIOD ENDED 31 JULY 2022**
I report to the charity trustees on my examination of the accounts of the charity for the period ended 31 July 2022 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
7 August 2023
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## **GALLERY CHURCH**
## **STATEMENT OF FINANCIAL ACTIVITY FOR THE PERIOD ENDED 31 JULY 2022**
|**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
Utilities
Repairs and maintenance
Stationery and computer expenses
Office expenses
Travel expenses
Accountancy
Sundry expenses
**(DEFICIT)/SURPLUS OF EXPENDITURE**
**OVER INCOME**|**2022**
**£**
**£**
**36,237**
**21,350**
**5,138**
**62,725**
**2,151**
**6,027**
**17,933**
**27,537**
**3,337**
**2,108**
**1,389**
**636**
**665**
**864**
**967**
**63,614**
**£(889)**|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)|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)|
|---|---|---|---|
||**£**
**2,151**
**6,027**
**17,933**
**27,537**
**3,337**
**2,108**
**1,389**
**636**
**665**
**864**
**967**|£
4,839
3,360
23,370
17,356
522
200
4,021
590
348
840
1,030||
||||51,391
56,476|
||||£(5,085)|
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## **GALLERY CHURCH**
## **STATEMENT OF ASSETS AND LIABILITIES AS AT 31 JULY 2022**
|**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|**2022**
**£**
£
**969**
**22,681**
**6,807**
**30,457**
**17,196**
**17,196**
**2,543**
**14,653**
**£ 45,110**
**45,110**
**£ 45,110**|2021
£
£
969
24,407
2,043
27,419
21,100
21,100
2,520
18,580
£ 45,999
45,999
£ 45,999|2021
£
£
969
24,407
2,043
27,419
21,100
21,100
2,520
18,580
£ 45,999
45,999
£ 45,999|
|---|---|---|---|
||**£**
**969**
**22,681**
**6,807**
**17,196**
**17,196**
**2,543**|£
969
24,407
2,043
21,100
21,100
2,520||
||||£ 45,999|
||||45,999|
||||£ 45,999|
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**GALLERY CHURCH**
**NOTES TO THE ACCOUNTS 31 JULY 2022**
## **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.
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