## **The Good Shepherd Church of The Nazarene** **Board of Trustees’ Report and Financial Statements For the Year Ended 30 September 2024** **Registered Charity: 1166295** ## **The Good Shepherd Church of The Nazarene** **Board of Trustees’ Report and Financial Statements** **For the Year Ended 30 September 2024** **Index** **Board of Trustees Report** **Pages 3-5** **Financial Statements** **Pages 6-7** 2 ## **The Good Shepherd Church of The Nazarene Report of the Board of Trustees for the year ended 30 September 2024** The Board of Trustees presents its report and financial statements for the year ended 30 September 2024. ## **Reference and Administrative Information** Charity name: The Good Shepherd Church of The Nazarene Charity Registration Number: 1166295 Principal Address: Bathpool Chapel, Bridgewater Road, Taunton, TA2 8BD ## **Board of Trustees** Kim Danao (Chairperson) Annaliza Cruz (Treasurer) Gladys Magpantay (Secretary) The Chairperson is ex officio by virtue of his office as Pastor of The Good Shepherd 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:** Not applicable **Bankers:** Barclays Bank, 46 North Street, Taunton, TA1 1LZ (Branch Sort Code: 20-85-26) **Independent Examiner:** Not required as total income for the year ended 30 September 2024 is below £25,000. ## **Structure, Governance and management** ## **Structure and Organisation** The charitable incorporated organisation (CIO) was set up on 31 March 2016 with registration number 1166295. ## **Trustee Appointments** The Pastor of the church is ex-officio chairperson of the Board of Charity Trustees and his position is reviewed after two years and then every four years after that. The remaining Trustees are elected annually by the members of The Good Shepherd Church of The Nazarene at the annual general meeting held in January/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. **3** ## **The Good Shepherd Church of The Nazarene Report of the Board of Trustees for the year ended 30 September 2024** 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. ## **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. ## **Objectives and Activities** ## **Charitable Objectives** 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. ## **Objectives and Activities (continued)** ## **Review of the Year** The aims for the year included: - Continuation of weekly Christian worship meetings and promotion of the Christian faith in accordance with the principles of the Church of The Nazarene. - Promotion of a Community Prayer Garden adjacent to the Chapel which is open to the general public. - Caring for those in need through things such as hospital visitation, meals, phone calls, help with shopping, etc. - Hiring out the building to local businesses/community groups. - 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. ## **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 The Good Shepherd Church of The Nazarene. ## **Financial Review** **4** ## **The Good Shepherd Church of The Nazarene Report of the Board of Trustees for the year ended 30 September 2024** ## **Reserves** 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 or directly through the bank. 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. ## **Financial Review of the Year** 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. The financial statements show there was a net increase in cash funds during the year of £51.90. **5** ## **The Good Shepherd Church of The Nazarene Report of the Board of Trustees for the year ended 30 September 2024** ||**Unrestricted Funds**|**Unrestricted**| |---|---|---| ||**2024**|**Funds 2023**| |**Income**|**£**|**£**| |Tithes & Offerings|4,683.78|2,059.23| |Rents Received|4,000.00|12,665.00| |Other Donations|260.00|1,150.00| |The Good Shepherd Funds|3,172.91|-| |Other Income|145.00|13.40| |**Total Income**|**12,261.69**|**15,887.63**| |**Expenditure**||| |Church Utilities|2,346.19|2,241.68| |Chapel/Manse Insurance|991.87|1,109.24| |Licences and Subscriptions|308.58|159.99| |Chapel/Manse Repairs|681.75|3,374.98| |Manse/Car Expenses|4,945.24|5,603.52| |Church District Budgets|-|1,096.96| |Missions|-|314.50| |Ministry Expenses|250.00|703.72| |Hospitality|-|270.94| |Equipment|342.87|-| |Stationary|46.89|-| |Gifts|1,000.00|-| |Garden Expenses|576.40|-| |Other Expenditure|720.00|-| |**Total Expenditure**|**12,209.79**|**14,875.53**| |Balance Brought Forward|4,480.34|3,468.24| |**Net Change For The Year**|**51.90**|**1,012.10**| |**Balance Carried Forward**|**4,532.24**|**4,480.34**| **6** **£ £ Cash Funds** Bank account 4,532.24 4,480.34 Total Funds Held 4,532.24 4,480.34 **Fixed Assets** 103 Bridgewater Road, Taunton, TA2 8BD 220,000 220,000 **Total Assets** 224,532.24 224,480.34 **Represented By: Funds** General Fund 4,532.24 4,480.34 Designated Fund – Capital Fund 220,000 220,000 **Total Funds** 224,532.24 224,480.34 The Charity also owns property known as Bathpool Chapel on Bridgewater Road, but no original cost details pertaining to this property are available. ## **Purpose of Funds** ## **General Fund** This is unrestricted funds for use to achieve the aims and objectives of the charity. ## **Capital Fund** This is an unrestricted fund designated to hold the freehold value of the manse. ## **Trustee Remuneration & Expenses** During the year Kim Danao, the Pastor and Chair of the Trustees, was given £1,000 in love gifts in recognition of his work for the charity. **7**