glebe chapel Glebe Chapel CIO Trustees, Annual Repoi't and Un4?udited FinAneiAI StateJnents Yeai. ended 31 March 2024
Glebe Chapel CIO Thistees, Annual Report and Unaudited Financial Statements Year ended 3181 Marth 2024 Charity Number. 1179245 Company Number. CE014670 CONTENTS PAGE Report of the Tn¢¢¢3 atement orruwlaI activities Notes forniing p8rtof the financial statents 8-19
Glebe Chapel CIO Thisteej, Annual Report and Unaudited Financial Statements Year ended 31# March 20 The trustees presentthelr1etiIb tk fmanGial sthtcm¢nts ofts cTrOTity forthe yearended 31si Mwrh 2024. Th¢ tr1¢$ have adopted the provistons ofAcc0ug and Re[ting by (Jwiiies: StstenKnt of Rttcqnmetthd PraGti¢¢ (SORP) applicable to charities preparing th¢ir aLYowIts iti x¢ordance with the Rep)rtllig StaThJard appliGabk in the UK attd Republic of IreIand (FRS102) (¢ffective l JaDuary 2019). nerai Inforniation Reference and adminiltrative infornia¢ion Charity Reg No. l¥inGipk Address: I IT)245 NewcntC(qDmUDity Centy Rw RO GL18 IDB Board of Trnsttt Mr Mwk (knuklitig (resigned cwoir2024) MrTim Lewis (8pN)iDtd CW0112024) Ms Victorn M¢Milllln (8ptoind 08m112024) MrJan Daines Lioyds Ban 19 18a GLI INU BaTc18ys B3nk 18 Southgate Str GLI 2DH
Glebe Chapel CIO Trustees, Annual Report and Unaudited Ftnancial Statements Year ended 31# March 2024 ObJe¢tfvu and Alms Glebe ChBpel is a ¢lwitsbl¢ tsvst registe1 with the Chwlty Commission in July 20J8 under charity number l IP)245. It is 80verned by CIO foundation constitution18St UEKlaied 18th June 2018. The Cent objects of Glcbe Chapel, aB listed in the CIO foundation constitution, ale as follows.. To advance the evangelical Christian faith for Ihe ben¢fil orth¢ public in accorda¢ with th¢ statements of faith appearin8 in schedule l of the trust deed, including relievin8 those in need and encouraging community development. The objective may be purgued anywhere in the United Kingdom or the world directty of via other chaTitsble OrganitionS at the discretion of the Stru¢tur4 Goyernante and Management The oharity trwtee8are wionsible for the general conttol and managcmcntof the charity. The trustees 8ive their lime freely and receive no remuneTation OT other fujancial benefits in th¢iT rok as Irustees. Dwing the year Mark Gouldin8 Stood down as The day to day running ofthe charity is undertaken by members of Gl¢b¢ Chapel Church. 8pecifiGally the Eldet5. Pa8lor and the Ministy Teom L¢aders. The Ministy Teams are Admini8tratioffj ChildT¢n and Families, Grow. FinanR. Crnth¢d Worship. Mission and Outreach, Ylth and Young Adults. Achlevements and PerfornianceB Newent Communtty cent Rdurbljhmejrt Pha 2 Following external and iArnal fimd rnisin8 a new project commenced in January 2024 to refurbish an arca of the existing ommunity centre in order to provide a church room capble of seatin8 210 people. It is 8nticipad that the projeol wiu be compl¢ted by DeL%mber 2024. Premllu previouy Iinown • the Cood N¢w$ Centre This buildin8 iwme the property of this charity in April 2023 foJknYin8 an agrecment with the previous owncr4 Living Watcrs Limited (LWL). thal Gi¢b¢ Cha1 would meet all previous (LWL) debts. Followin8 ¢Xt¢nsiv¢ ¢on$ul4tion with potential us¢rs ofthe buildirt& the trustees ayeed to lea8e the buildin& including 2 Ilats. toThe Café (Newent) Limited for 3 years ftom ill June 2024, Glebe Chapel Mlnl$¢ry Artlvltkj In athlition to ourreguffi8rSunday mornin8 services, the mission andoutreath activities include.. Family Community Cirmia (onc a month). M¢n'5 Br¢akfa (l¢810r ¢v¢nl); Coffee Plus ( over So's lunch held once a month); Koffee and Kids (every Friday - mums, dads and toddlers): Home Groups (m¢clinB homc8 once a w¢¢k)' promotional events at New¢nl open day5 (ChTiSUnas. Sprin8 and summer fayres): Missionary Weekends (annual). Mlnlstry Team Actlvltles Eld¢rs.' prayerwceks (annuaD. ¢OwordiDation ofhome groups, prny¢r meetiny (weekly) Children and Famili¢8: GCX Club for 3-1 lyear olds <3 timu a year). GYG for 11-16 year olds (weekty). SwKlay Glubs and Crèche (Sunday mornin8s). Gathered Worship: Corf)rdItes Sunday morning seThices (weekly)., discussion evenin84 breaking of bread (bi.monthty) Administration: a support miDisty that elwe$ all activilie5 G8rri¢d out by the chvrth smoothly. ¢ff¢ctiv¢ly and sjfefy. The remit of the Admin Team includes building main*naMce, rA)-OrdIlIn8 communications andequipment.
Glebe Chapel CIO Trnste, ABnuAI Report aDd Unaudited Flnanclal Stat¢m¢Dts Year ended 315t March 2024 NeweDtCommuDIty CeDtre Actlvlthl Tbe Comllty C¢otre provides r( whi¢b •r¢ rented on a le8$¢ basis oron a daylhouriy rnte bg8i& Tenants include The Men's Shed, two &ts. Air TrniniD8 Corps, ScoutslcubwBeaVe Girl Guide51Brownie5. Newent and Distrirt Model AiTCTaft Club and Neweot Towll Couocil. CollllDUDity Event Hir¢s include i lo1 brid8¢ ¢lub. litie d4n¢ing and N¢w¢Dt OK¢lwstr Employees The charity employed part time employee8 in th¢ rol of odministrntor and cleaner a fidl-tim¢ pastor. None of the chaTity's ¢mployee8 e4rn Jnor¢ £60.01)O per anDum. Fln•odl R¢vl•w The Stat¢men¢of Financial Aetivlties for the 12 months a¢¢ounting period end 3111 March 2024 (2023r24) shows a net deficit of £191 (2022123: a sU]uS of £770.075). The ¢harity had unrestricted incomin8 resourtts for the period of £182,433 and £108,089 restricted inwmin8 fesouT¢e8. Expth)diture for the period tothlled £190.713. excluding the T¢vaiuation loss of £IOO.000 whi¢h was made on The Ark propety. At the end of the a¢¢ountiJ)g period the level of unresth¢ted 8¢nernl fiutds, de8iwed and tricted fuDd8wgs £34,928, £1,472,676, ATKI £80.441 re9pe¢liv¢ly. R#ervM Poll¢y It is the lIcY ofthe chArity to reserve unrestricted fund8 not cornmitted or invested in tangible fixed r¢pr¢wtin8 belween 2 wnd 3 monlbs of exp¢ttdiluYe. At thi8 level the trus¢ee8 consider th•t they ¢4)uld conlinu¢ with th¢ activitiu of the chlty in th¢ ¢v¢nt of a sudden drop in fill1Th. Rewn•lbllld¢i of th¢ Trnth¢s The tntylee$ are r¢spon8ible forpreparill8 the TN8te¢s Report and the financial &tstements ID accordance with appli¢gble law and United Kingdom A¢counlin8 Standards including Finan¢i#l ReN)rtiti8 Standard 102: The Financial ReportiDg Standard gpplicAble in the UK and Republic of Ireland Iunittyj Kin8dom G¢nerally Accepted Accounting Practice). The law applicable to ¢lwitie8 in England ond Wale3 require4 the truJtee8 to pr¢pAr¢ fu111 itatem¢nts for tsch fiDancial year which give a true fair view of th¢ cbority and of the iDMme and expenditUTe of the cbarity for thatriod. In preprin8 these 8tat¢m¢nts, the tn4t¢e$ are required to: Select suitable accounting polici 4Dd Jpply th¢m consistently? Observe the methods and PTin¢iples in the CharitieJ SORP. Moke judgements and estimates thal are reosonoble and prudent, State whether applicable UK aCCOUDtiDg &t•ndu(b hav¢ b¢¢n followed subject to any miterial departutrs dI10$¢d explained in the fjnancial 8lateIll¢Dts: #nd Prepare the fmancial statements on the 80in8 concern bosis unlem il is inappropriate to as8ume that the ¢ompgny will continue on thlt basis. The truste ar¢ Tesponsible for keeping 8uffi¢iertt ¢4)Untin8 records that disclose with reasonable accurHcy al any ¢im¢ the finHncial position of the cbaTity and ¢nttbl¢ th¢m io ensure that the finAnci41 slatements comply with the Chariiies Act 2011, the Charity (A¢¢ounts and Reports) R¢Bulations 2008 and the proviyions of the trust deed1conItI00. They art also responsibl¢ for f¢8uarding the ossets of the clwlty and I0cC for takiDg rea8onNbk ¢ps for the pffvention olld det¢¢tion of fraud and other irregularities. 5 ...J)o..ceu ..ioa.4. Apprnved by the boatd of tnL4teas on.. .... . ... and Sied ott their behalf ty
Glebe Chapel CIO Trustees? Annual Report and Unaudited Flnaneial Statements Year ended 31st March 2024 Indeident Eumlnen Rq)ort to the TruJteeB of Glebe Chapel CJO I report kn the trustee5 on my examination of acmmts of Glebe Chapel CIO (the Charity) forthe year¢nd¢d 3111 Maych 2024. ResponslbUitie8 and basi5 of report A5 the charity trusiees of the clrIty, you ate rapuwble for th¢ pffparntion of the aCfA)unts in accordance with the requirements of Ihe Charities Act 2011 ("the Act"). I rewt in r¢specl of my ex&Dination orth¢ Charity's antS ¢atTied eut utKkr 8¢clion 145 of the 2011 Act and in carrying out my examination I have follow¢d all th¢ applirAble Directions given by the Chority Commission und¢r seG¢ion 143(3)(b) of the AGL Rcsponslbllltles and bwls of rcport I have completed my examinatson. I confmn that no mal¢rial matters have come ts my attention in connection with the examination giving rn¢ to believe that in any marial TespEc¢.' accountin8 records were not kept in resp1 of the Clwity as wired by tion 130 of the Act: or th¢ a¢¢owits do not accord with those TKords: or th¢ acG(Nmts do not comply with th¢ appliGabl¢ requirements concemin8 the forni and Content of accounts set out in the Charities (AKowits and Reports) ReBuJations 2008 other than any qUireMent thai the &¢¢owits 8iv¢ a 'tr and fair, vi¢w which is not a matter considered as PBrt of an independent examittation. I have no ¢on¢¢n&and have come across no other m4ttern in ConnlI0nwith the examination to whichattention should be drnwn in thi8 rcwi in order to ¢nablc a PToper understsndin8 of the a¢unts to Lr ed. Date. S- Tr2CW l>v 2o£L+ 19 Gloucester Ro& Ross on Wye Hereforthhir¢ HR9 5LQ Klt Aston FCCA For and on bthaN of Alliance Accountantl Llmiled Chart¢Ted Management Acc£untsnts
ebe Chapd ao Trn8tees' ADDu21 Report And Unaudited Fillan¢ial Statements Year eded 31* March 2024 statellt of Fingttci Artivities for the Jear thded 31¥ March 2024 GENERAL DLSIGNATED RESTRICTED 31h)S24 31hJ3123 NOTFS In¢omc Church ministy In¢ 2 lo@ 61.456 168J62 107.823 494 494 H7 Community witrc 4 incom¢ 55.705 55.705 14271 19J29 6.633 25.961 19263 780.071 18 EJp¢nditure Admin costs 6 127.829 31126 159.954 88276 .618 30252 62.811 5(kS 506 712 i(K>.o I,(My> Total Ei 760 Net ]nWDe1(expetLtslle) 24.480 {1(K).(M) 75J29 (191) 770.075 Transf¢r5 tetween fimds Net movanent in funds li 71.118 28.691 {l(K),(M)O) (191) 770.075 Balances brnught fornard 7 15T2 676 81 3111 March 21)24 19 iJ88.044 The notes on 7 to 18 fonll partof staterne The charity ha9no rwis&l gains ct los othe¥ rewits rthe 1(#1 as t00t alM)vc.
Glebe Chapel CIO Trn$tees' ABDUAI Report #Dd Unaudited Fintdnclal Statements Year ended 31¥1 March 2024 All of the activities of the clwrity are classed &% cotilinuing. BAl*nee yheet as at 311¢ March 2024 2024 2023 Flxed a55et5 Inv¢stEn¢nt pro Tangible 48sets 12 13 350,000 1 127 132 1.477.132 450.000 1 124 344 1,574J44 Currehlt Debtor5 Cash bank and iti hand 14 11,321 114253 125574 41.398 Uabludu: Credltors: falW due vAthln one year 15 (11262) (25.107) Net Current 98gets Totsl assets lets ¢urrent Itablllties 114313 1,591.445 16 91 1,590,635 Credltors: 4monnts falllng due after more than one year 16 (3.400) (2,4(K)) Totsl net assets 1588 045 1588235 Fynds Gener funds Designated fiin& Restricted fun& 17 17 17 34,929 ,472.676 6.237 1.572.676 Total fllnds 1588 045 These financial 8tstements were approv¢d by the tntstees on 0S112114- and signed on their Ixhalf by:
Glebe Chapel CIO Trustees. Annual Report and Unaudited Finaneial Statements Year ended 31° March 2024 Notes forniing part of Ihe financial ststements for the year ended 31•t March 2024 l. A¢countin% policies (a) Basis of preparation Th¢ finala1 statements ofthe chwity. whi¢h is a public benefit entity as defmed by FRS102. have been prepared in acwrdanc¢ with th¢ Charities SORP (FRS 102) 'Accounting and Repwtitig by Charities.. Sthtement of RecomnKnded Practice applicable to charities preparlng their accounts in aCcOrde with the Financial Reportin8 Standard applicable in the UK and Republic of Ircland (FRS102) {cffKtivc l January 2019), Financial Reportin8 Standard 102 'The Financial RepK)rting Stsndord appli¢able in th¢ UK and Republic of Ireland and the Charilies Act 2011. Tr rmancial statements have E¢en prepared under th¢ bistori¢al ¢ost ¢onv¢ntion. Glebe Chapel Clwrch (Trust) is a charity rcgis*rcd il) England and Wal¢s. The ¢h8rAty registered numEer and prin¢ip818dthess ¢an be found in the reference and thinistrativc thtai]s within th¢ Rcport of thc Trustrts. Th¢ w¢SentatI¢)n and functional rUenCY is GBP. The fman¢ial slat¢m¢nts ar¢ rounded to the nearest £ (b) Ineome Voluntary income in¢Iling donation4 gifts and legacies is reCOlsed where there is an entitlemenl certainty of receipt and the amount can be measured with sufficient liabIlity. Those donated for resale produce incomc whcn thcy aff sold. They aff valued at th¢ amount re81ised. Those donated for onward tranmission to the bencficiarics are included in the statmentof fman¢ial tiVitieS as iftcoming rcgJur¢es (re¢eipts) and r¢sourc¢s expendal (paynicots) when thty are distributed and are valued at the sle amount Those donated for Iw ty the chority ar¢ included and valucd at whcn the cash is re4eiveiL R¢1$ from rlaImS are accrued for in the statementof financial Activities in the period to which they relate. Inveslment income is recoBnis&l WIM Crlited on trust bank (c) Expenditure Elnd1e is r¢co8nised onrx there is a1¢8al or ¢onstnKtive oblt8ation to transfer economic benefit to a third paty, it is probable that a transfcr of ¢wnomi¢ iwfits will Ix rwired in srttlem¢nt and the amount of th¢ obligation can be measure reliably. Expendits¢ is ¢lusified by wtivity. (d) Taxation The charity is entided to certain tsx exemptions ¢)n income and profits from investsnenl and any surpluses from trading activities Carried oul in furthera¢ of th¢ Trusts prxmary objectives. providing any income. profits and surpluses are provided solely for charitable purp)ses. Itrewverable VAT is clwged to the appropriate expenditure heading. e) Grants Gran¢S and donation5 are aLYounted forwhen paid over. orwh¢n awarded. if thataward ¢reat¢s a binding obli8ation on the Trustees.
Glebe Chapel CIO Trn$tees' Annual Report and Unaudited FinaDci81 Statements Yr ended 31# Mareh 2024 If) Debtors Trade d¢btors and other debtors are recOLsed at thc s¢ttl¢m¢nt amouDi due afier any trade discount offered. Note$ forning part of the fJnAncial statements for the year ended 31 Mr¢h 2024 (g) Prepayments Advance paymenls a valued atthe 8mount prepaid net of any trade discounts due. {h) Creditors Creilitors and provisions are recognised where the charity has a present d)ligation resuitittg from a past event that will probabty result in the transfer of funds to a third paty. and th¢ amount due Can b¢ measured or estimated reliably. Creditors and provisions are Tr)rnllY ryiseAI at thcir Setdeml amll after allowing for trade dj'scounts (i) Cash at bank and in hand Cash at bank and cash in hond includes ¢utrent and short.t¢rni liqu accounts with a short maturity. li) Going eontern The trust¢es hav¢ revicwcd the ongoing of the ¢haTity and consider that there are plans in place to continue the chatities Operat[0 Trustees have a reasonable expectation that the charity has adequate rewurces to continue in operational existence for the foreseeable future and are not aware of any material uncetsinties regarding this assumptsoTh On this basis, the tru#ees consider it appropnate to continue to prepare the financial statements on th¢ going conc1 basis. (k) Tangible fixed assets DepcIatiOn is provid¢d at th¢ following a[Ual ratc5 in order to writ¢ oifeach asset over its estimated useful life.. Frethold property FixttNes & fittin8S Computer cquipment . not provided 2(Y/o on cost 25Yo on st All assets are valued at historical costs less any adjustments for d¢pr¢ciatioffj in line with th¢ policies ststed above. (l) Investment prowty The investment proJKrty. Glebe Hub. is repffsented within the a¢ts at its deemol matk¢t value which was £350,000. A revaluation lo&% of £IOO,O(X) has been reo)gnised within these accounl (m) Fund Accounting Unrestricled fillS can be used in accordance with the charitable obje<tives at th¢ di5¢r¢tion of th¢ trust¢es. Restricd fimds can only be ed for particular r¢striGt¢d purposes within the objects ofthe charity. Restrictions arise when s¢Ified by th¢ donor or when fimdg areraised for particular restrictive purposes. Designated fiEnds a those unrestricted amounts set &8ide or hekl for purtKw which aff to iK exwthd in the firture. The level of these runds ar¢ gUlarty reviewed by the trustees. (rtl Pensions The charity operate5 a defmed contribution pension xheme, and the a&8¢ts of the s¢henx aff held separately from those of th¢ ¢harity. in an ind¢p¢ndentiy athniDiStered fid. The pension charge represents the amounts payable by the charity to the fill in rwKct ofthe year.
Glebe Chapel CIO Tru$tee8' AnDual Report and Unaudited Financial Slatements Year ended 31& Marth 2024 Notes forniing part of the finAncial stAtements for the year ended 31*1 March 2024 I Church ministry income rAI Duignated Restrieted 2024 Total Tot Donations (iTants rec¢iv¢d Special 8ift5 Donated assets 106.906 61.456 40,()UO 168,362 40.ULKI 97.323 10,5UO 780,071 887 894 101456 208 362 Prior period comparative~3111 MArch 2023 General De8i8llAted Restricted 2023 Tot#1 General fimd unrestri¢ted Grants Special 8ifts Donated a88¢ts 91.448 5,875 97.323 10.500 10,500 780 071 780 071 3. Invethnenl Inme G¢n¢ral De81gnated Rutrlded 2024 Total 2023 Tot tnterest on b 494 494 494 494 447 447 The prior period ¢omparativcB are all tepresenled by Unr¢S¢1ed fund8.
Glebe Chwl CIO Trustees. Annual Report and Unaudited IfmADcknI Statements Year ended 31 March 2024 Notes forniing part of the f]nnti statsments for the yetr ¢nd¢d 3111 March 2024 4. Colnmunlty Cenlre Incomt 2023 Total Total NCC Events Hire (shles) NCC OtlKr (Saks) NCC Tenant 4.079 4.079 10,901 794 792 35.705 Other Income 2024 To¢ 2023 Total Gift aid TefuTra io
Glebe Chapel CIO Trnstees. Annual Report and Unaudited Financlal Statements Year ended 31 Marth 2024 Note3 forming PArt of the financial ststements for the year ended 31" March 2024 6. Admin eojts Unrestrlthd fwids General DlInated Restrl¢t¢d 2024 2023 Tolal Tol Cleaning and wa ¢ollection Employers Nl Employers pension costs Health and safety Gosts Insurance sollwa & ¢onsumabl¢s Lighl POWCT heat Rates R¢pAir8 and maintenance 2,243 2.243 2.836 1,823 166 6.890 1.823 166 6.890 418 3.418 5.374 215 20,673 627 20.615 853 20,615 853 NCC lJ,467 30,626 46.093 R¢pair$ and maiTrt¢naD - 8¢neral Consultancy fees Legal Fees Sa]arie$ Siaff Costs 7,712 I,Joo 9.212 4,194 55,869 4.194 35,869 4.200 32,392 735 TruJl¢¢ training T¢l¢phon¢. int¢rn¢t. and $188¢ Water Audit and a¢¢ouniin8 Bookkeepin8 Sundries Bank ¢harge8 Deprecialion 599 939 1,920 6.182 599 939 1.920 6.182 434 2,533 2,370 4.492 232 232 149 943 159 954 Th¢ prior period comparatives are all represented by unTcsthcd fithds of£87.099 and r¢striGled fid8 of £1,177.
Glebe cha CIO Trnstees. Allnu Report and Unaudited Fuwcial Statements Year ended 31rt Marth 2024 IYot¢s forniinz part of the financi statements forthe )w e&thd 31*1 March 2024 7. Churth mirtistry costs Unrestricted fwids Totsj Charitable and political donations Venue Hire Children and youth ¢4)enS Equipment & supplies General expet Gi¢1 Hub Branch Youth Fund GYG Tunning costs Literature & tracks Print & statimuy Refreshments StalTtraining Subscriptions Fellowship & pray¢r Licensing fee 17,378 17,5711 3.476 37 37 434 779 19¥3 269 1567 1.264 2%.235 434 6 638 64 1,576 ¥¥1 IY34 1934 1064 1.689 1.523 1.014 1.689 29.618 634 30252 Safe8uarthng General 2023 Totgl Safeguarthng related c(6ts 51 506 506 712 712 12
Gleb¢ Chapel CIO Tnthe5. Annual Report and Unaudited Fmancial Ststements Year ended 31" Marth 2024 Notrj forJDing part rfthc fmancial for thc year eThkd 3111 Marth 2024 Net incon{¢1pend1trt) for the This is ststcd after GIrn8'. Delation 943 I Staff Costs and numbers The a88re8ate payroll clxts were: S8[1¢¥ and wA8ei Social security Pension ¢o#s 55.wj 32J92 418 No employe¢ e1ved in exc¢u of £60.INX) ID eitl%T perK¥l The toiaj ¢mpknym¢Dt trKttfits received try kry manwent pennel were £35,625 for th year (2023.. £13,8J4) The aTKrn8e mLmthty Dumber ofemployees during the year wa8 as follows: Mana8¢mtht 4ftd administiation of the cknity 13
Glebe Chapel CIO Trnstees. Annual Report and Unaudited ancIal Statements Year ended 318t Marth 2024 No¢¢$ forming part of the fuwicial statements for the year ended 3111 March 2024 11. StstenKrf of finandal activlttes-comparatlve InfOrntIo-3Il March 2023 GENERAL DLSIGNATED RLSTRICTED FUNDS FUNDS TOTAL FUNDS Ille 91.448 5.875 10.5C 107,823 Inv¢stsnent incom¢ 41 406 447 Community income 14,271 14,271 19.263 19,263 780,071 780,071 TO1 Income 921875 Expendlture 87,099 1.177 88,276 Chh ministy (osts 62.811 62.811 712 712 Totsl Expenditure Net Incomel(eipenditure) 151800 (25.600) 786J52 9J23 770,075 TTansf¢rs bettYe¢n fiu 63,135 63.135 Net movem*nt In fun(L8 (88,735) 849.487 9J23 770.075 Balances brought forwjrd 818 161 6,237 L 572 676 23 1.588 235 14
Glebe Chapd CIO Trustees. Annual Rqrt and UDVdudited fmaneial Statenjents Year ended 3l# March 2024 Notts forniing part of the fin¢1 rtatements for the yur ended 31° Marth 2024 11 tnyestment Property Ckbe Hub COST: As al 1st April 2023 Additii Dispo Revaluation As tht 3 1st March 21n4 450.( DEPRECIATION As al Ist Apnl 2023 Charge for ye8T Eliminad on A5 31st Morth 2024 NET BOOK VALUE As al 311t Mwch 2024 350.( Asa¢3] Mh 2023 450,(KX) 13. Tanglble Fixed Au¢ts Computer Equlpllrnt Tot•1 COST: Asat A11 2023 Additions Disposals A8 at 31st MaTth 2024 1.2(FJ 3,962 3,203 949 1.121 J07 1.575,919 4,911 1121507 1575 919 DEPRECIATION As at l Apnl 21Y23 Charge for yeAr Eliminated w di5pJsal Asat 31st MaT¢h 2024 941 830 1,575 1123 NET BOOKVALUE Asat 31# March 2024 07 1127 132 Asat 31# March 2023 575 2262 1.121,507 1,124.344 15
Glebe Chapel CIO Trustee3' Annual Report and Unaudited Flnaneial Statements Year ended 31st March 2024 Notes fonning part of the financial statrments for the ye*r ended 31st March 2024 14. Debtors: amounts rIng due within one year Other thknors Prepayments and Ac¢rued Jn¢ome 6.176 3.113 15. Crcditors: amounts falllng due within one year Trnde creditors nd eyns¢s TaX10Th and social seauity 10,142 1,120 23,277 1,830 li l& Credltoys: amounts falllng due gfter one ar Tenwtt dem)sits 3,400 2,400 17. Movements In funds At OiNW23 Income Expendlture Transters At 31103n4 Re8trkted funds Glebe Hub RestriGt¢d Gifts Defibrillator MaintenonG¢ Development. ph 2 250 9.073 (1.500) (ioi) 2,IY38 4.761 1,913 (4.211) 1.913 9J23 108.089 132,760) (4,211) 80,441 Cortinued on next page.... 16
Glebe Chapel CIO Trust¢eJ' Annual Report and Unaudited Financial Ststements Year ended 31* Marth 2024 Unrestrie¢ed funds - Designated NCC D¢Irlonct Th¢ Ark (Gle Hub) Branchyouth fiu GYG Youth - Genernl 1,121,508 450,000 1.121,508 350,000 (ioo,000) 485 485 182,433 157 953 257.953 1.588,235 1588 045 17. Movement In Funds- Prior year ¢ompwativ¢- 31rt Mh 2023 Al Expthditure Transfers 31103123 Restrlrted fun The Atk (Glebe Hub) Restricted Gifis 250 io 50 10,500 250 (1,177) 9,323 Unrestrfeted fundg . Designated NCC Developmellt The Ark (Glebe Hub) Branch youth GYG Youth . General 722,020 336.352 450.0(N) (2280) 65.415 1.121,508 450,OtIo 682 487 6.237 682 487 43 818,161 921,875 18. Analysis of Nrt Assets bettyeen Funds As at 31 March 21124 General Funds Designated Fund$ Rutrkte d Fumls Total Funds Tangibk fixed ass¢ts Current a$ts Crnt liabilities Liabilities over l year Net gets at 31st March 5.624 43.965 (11262) 400 1,471,508 1.169 1.477.132 125,574 (11.262) 80.441 IA72ffj76 17
Glebe Cbapej CIO Trustees, Annual Report and Unaudited Finan¢ial Statements Year ended 31Jt March 21J24 xt 31 March 20Z3 Gewal Funth DeslgDd Funds Restricted Fund5 Totsl Fynd$ Tangibl¢ red assets Investments Current assets Current liabiiitieg Liabilities ov¢r l year Net assets at 31# March 20LI 876 1.121.507 450.(KKI 1.169 1.961 1.124,344 450.000 41.398 (25,107) 31868 (25.IOD 7J62 76 19. Related Party Tr4nsa¢kns No trustees Teceive41 aThy twJtLeDts IkniDg the yw ended 31st Mwch 2024. aml tx) trustees We reimbursed any expenses in the mnt or riThI. Xl. Capital Commints Nii 21. Con¢inEent liabilities Nil 18