Annual Report Grace Church Loughborough April 2023 – December 2023
Grace Church serves a small community in the town of Loughborough. The church comprises of church members, church officers who are also the church’s trustees. We do not have any paid staff nor office holders.
2023 had a steady start but began to increase in acDvity with the new year. The church has conDnued rental of the Loughborough Polish Club throughout the period since starDng the long-term hire in August 2022.
Loughborough Polish Club has allowed for a greater range of acDviDes throughout the last 18 months and has allowed the church to host events on site instead of needing to uDlize the garden space of members of the congregaDon. The church is currently looking to secure it’s place at the Polish club with a view to have some form of on-site storage for church equipment.
We have held various acDviDes for the community over the past 18 months, Easter Sunday events, summer BBQs, a Fireworks party, a Christmas carol service and meal, a restarDng of our young adult/student ministry event.
greater number of students graduaDng and moving away years than we have seen in recent years, and we gained a smaller number of students at the start of the academic year in October 2023. This number did increase throughout the academic year. We have also seen growth in non-student numbers which is really encouraging. All of the new members have been very involved in the weekly acDviDes within the church which has greatly bolstered teams where people had previously moved on.
2023 academic year including running our young adults “Rooted” event. Our young base at Grace Church conDnues to be a mixture of university students ranging from undergraduate to PhD students and a consistent basis of graduates that have stayed within the area and the church. We look forward to another year of working closely with CU and our student reps.
In October 2023, we saw the standing down of one of the deacons. The church now has 4 elders and 4 deacons.
We have a small and steady children’s work and a thriving monthly men’s ministry. We base our outreach around specific events during the calendar year as previously menDoned.
Finance
Giving has gradually increased, can we encourage those of you who already give and if you are a taxpayer plus you give via Stewardship, to Dck the box that states claim gi^ aid. This increases your giving by an addiDonal 20% to the church, so if you give £100 a month, the treasury upli^ the giving to £120.62. Stewardship, also a charity takes a small percentage. Grace supports a family out in Eurasia on a monthly basis and we also give a 10[th] or more of our income to causes that are closely connected to the church family.
Safeguarding
The church has a policy which is due for an annual update and all our children’s volunteers are DBS’d checked. We have no groups for adults with care and support needs.
Grace Church Loughborough
Financial Activities YTD Comparison
April - December, 2023
| TOTAL | |||
|---|---|---|---|
| APR - DEC, 2023 | APR - DEC, 2023 (YTD) | ||
| Income | |||
| bank interest | 233.09 | 233.09 | |
| Tax refund | 2,467.75 | 2,467.75 | |
| Tithes/regular giving | 17,122.41 | 17,122.41 | |
| Total Income | £19,823.25 | £19,823.25 | |
| TOTAL | £19,823.25 | £19,823.25 | |
| Expenditures | |||
| Advertising and Promotion | |||
| Literature & Publicity | 360.00 | 360.00 | |
| Total Advertising and Promotion | 360.00 | 360.00 | |
| Bank Service Charges | 45.00 | 45.00 | |
| Church Giving | 1,800.00 | 1,800.00 | |
| Church Tithe | 1,500.00 | 1,500.00 | |
| Gifts ( weddings/leaving etc) | 87.15 | 87.15 | |
| Total Church Giving | 3,387.15 | 3,387.15 | |
| Conferences and Meetings | |||
| Conference Attendance Fees | 0.00 | 0.00 | |
| Total Conferences and Meetings | 0.00 | 0.00 | |
| Equipment | 1,800.00 | 1,800.00 | |
| Small consumables & Equipment | 371.75 | 371.75 | |
| Total Equipment | 2,171.75 | 2,171.75 | |
| FIEC | 675.00 | 675.00 | |
| Food & Drinks | |||
| Hospitality | 14.70 | 14.70 | |
| Refreshments | 114.65 | 114.65 | |
| Whole Church Meals | 410.94 | 410.94 | |
| Total Food & Drinks | 540.29 | 540.29 | |
| Licenses and Insurance | |||
| Insurance Expense | 320.19 | 320.19 | |
| Total Licenses and Insurance | 320.19 | 320.19 | |
| Materials & Resources | |||
| Study and Teaching Materials | |||
| Small group Resources | 75.48 | 75.48 | |
| Resources & Materials | 44.62 | 44.62 | |
| Total Small group Resources | 120.10 | 120.10 | |
| Total Study and Teaching Materials | 120.10 | 120.10 | |
| Total Materials & Resources | 120.10 | 120.10 | |
| Professional Fees | |||
| Accountant charges | 276.00 | 276.00 | |
| DBS checks | 34.00 | 34.00 | |
| Total Professional Fees | 310.00 | 310.00 |
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Accrual Basis Tuesday 27 August 2024 12:41 pm GMT+01:00
Grace Church Loughborough
Financial Activities YTD Comparison
April - December, 2023
| TOTAL | |||
|---|---|---|---|
| APR - DEC, 2023 | APR - DEC, 2023 (YTD) | ||
| RENT | 4,137.50 | 4,137.50 | |
| Garage Rental | 450.00 | 450.00 | |
| Total RENT | 4,587.50 | 4,587.50 | |
| Sunday school | 12.00 | 12.00 | |
| Telephone | 73.85 | 73.85 | |
| Travel | 181.00 | 181.00 | |
| Total Expenditures | £12,783.83 | £12,783.83 | |
| NET OPERATING INCOME | £7,039.42 | £7,039.42 | |
| Other Expenditures | |||
| Unrealised Gain or Loss | 0.00 | 0.00 | |
| Total Other Expenditures | £0.00 | £0.00 | |
| NET OTHER INCOME | £0.00 | £0.00 | |
| NET INCOME/(EXPENDITURE) | £7,039.42 | £7,039.42 |
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Accrual Basis Tuesday 27 August 2024 12:41 pm GMT+01:00