glebe chapel Glebe Chapel CIO Trustees, Annual Report and Unaudited Financial Statements Year ended 31" March 2025
Glebe Chapel CIO Trustees, Annual Report and Unaudlted Flnanclal Statements Year Ended 31st March 2025 Charlty Number. Company Number: 1179245 CE014670 CONTENTS PAGE Charity Informatlon Report of the Trustees 24 Independent Examlners Report ststement of Flnanclal Actlvltles Balance Sheet Note5 formln8 part of the flnanclal statements &18
Glebe thapd ao Trustees, Annual Report and Unaudited Hnancial Statements Yr Ended 31st Marth 2025 General Infomiatlon The trustees present thelr report wfth the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Prnctice ISORP) applicable to charrties preparing their accounts in accordance with the Flnancial Reporting Standard applicable in the UK and Republic of Ireland IFRS102) {effettlve l January 2019). Reference and admSnlstratlve Inforniaoon Charlty Reglstratlon No. 1179245 Prlnclple Addres&. Newent Community Centre. Ross Road, GL18 IDB Board of Trustees: Mr Stephen Cracknell Ichainnan) Mr fsm Lewis Mr Andrew Cox Mr Derek Russell Mr Adrran Letchford Mrjan Daines Ms Wictoria Mcmillan Banks: Uoyds Bank, 19 Ea5tgate StreeL Gloucester, GLI INU 8arday$ Bank, 18 Southgate StreeL Gloucester, GLI 2DH
Glebe Chapd ao Trustees, Annual Report and Unaudlted Flnancial Statements Year Ended 31st March 2025 Objectlves and Alms Glebe Chapel is a charltable trust gIstered with the Charlty Commiss5on In July 2018 under charlty number 1179245. It Is governed by CIO foundation constitutlon last updated 18th June 2018. The current objects of Glebe Chapel, as11sted In the CIO foundatlon constltutlon. are as follows: To advance the evangelical Christlan falth for the benefit of the publlc In accordance wlth the statements of faith appearlng In schedule l of the trust deed, Includlng relieving those In need and encouraglng communlty development. The objectlve may be pursued anywhere in the UK or the world directly or vla other charltable organlsatlons at the dlscretlon of the trustee5. Strurture, Governance and MaTra8ement The charfty trustees are responslble for the 8eneral control and management of the charlty. The trustees 8lve thelr tlme freely and recelve no remuneratlon or other financlal beneflts In thelr role as trustees. The day to day runnlng of the charlty Is undertaken by members of Glebe Chapel Church, speclftcallv the Elders, Pastor and the Mlnlstry Team Leaders. The Mlnlstry Teams are Admlnlstratlon. Chlldren and Famllles, Grow, Flnance, Gathered Worshlp. Misslon and Outreach, Youth and Youn8 Adults. Achlevements and Perfonnance$ Newent Communlty Centre Refurblshment Phase 2 A new project commenced In January 2024 to refurblsh an area of the existln8 communlty centre In order to provlde a church room capable of seatln8 210 people. The project was completed In January 2025 and Is now In use. Premlses prevlousty known as the Good News Centre Thls bulldlng became the property of thls chartty In Aprll 2023 followlng an agreement wlth the pviOUS owners. Living Waters Limited ILWLI, that Glebe Chapel would Meet all previous ILWLI debts. Followlng extensive consultation wlth potentlal users of the bulldln& the trustees a8reed to lease the buildin& 5ncludin8 2 flats. to The Ark Café INewentl Llmlted for 5 years from I" June 2024. The tenant has experienced some tradin8 difficulties over the past 12 months and the Trust has adopted a flexlble approach to the payment of rent.
Glebe Chapel ao Trustees, Annual Report and Unaudlted Flnancial Ststernents Year Ended 31st March 2025 Glebe Chapel Mlnlstry Actlvltles In additlon to our regular Sunday mornlng services. the misslon and outreach actlvltles Include: Famlly Community Cinema (once a month}.' Connectin8 Men,, Coffee Plus l over 51Ys lunch held once monthl: Koffee and Klds {every Frlday- mum5. dad5 and toddlers); Home Groups {meetlng In homes once a weekl- promotlonal events at Newent open days Ichrlstmas, Sprln8 and summer fayres),. M155lonary Weekends Ibl-annual}. Mlnlstry Team Artlvltlos Elders: prayer weeks {irregular eventl, co-ordination of home gmups, prayer meetlngs (weeklvl Chlldren and Famllles.. Hub Club Iweeklyl; GYG for 11-16 year olds {weeklyl; Sunday clubs and crèche (Sunday mornlnEsl. Gathered Worshlp.. Cowordlnates Sunday mornlng setvlces Iweeklyl; dlscusslon evenlngs; breaklng of bread Itwlce a month) Admlnlstratlon: a support mlnlstry that ensures all actlvltles carrled out by the church run smoothly, effectbvely and safely. The remlt of the Admln Team Includes bulldln8 malntenance, co-ordlnatln8 communlcatlons and equlpment. Mlsslon and Outreach: Wellbeln8 Café Iweeklyl, Connertlng Men Ilrre8ular event), Mlsslonary Weekends {annuall Newent Comfflunlty Centre Artmtles The Communlty Centre provldes rooms whlch are rented on a lease basls or on a dav/hourly rate basls. Tenants Include The Men's Shed, an artist, Alr Tralnln8 Corps, Scouts/CubslBeavers. Glrl Guides and Newent Town Councll. Communlty Event Hlres Include a local brld8e club, Ilne dancln& bee keeplng club, E15zabeth Glbbs dance studio, foster carers support group, Glouce5tershlre Councll Famlty Ser¥lces, Gat Oaks Hospice support group5. Muslcal Theatre 8roup, Newent Orchestra, U3& Sllmmlng World. NHS stren8th and balance classes and one off booklngs for meetlngs, family get tO8ethers and birthdays. Employees The charity employed two part tlme employees in the roles of admlnlstrator and deaner and a full- time pastor. None of the charltvs employees earn more than £60,000 per annum.
Glebe Chapel ao Trustees, Annual RePt and Unaudited FinanLial Statemerts Year Errfled 31st Marth 2025 Flnandal ROT The Statement of Financial AdivrtsÈsforth? 12 month5 acc(nting period end 31° March 2025 120241251 shows a net defi(it of £5919{2023124. a defKf( of £1911. The charity had unrestrlcted incoming resources for the pèriod of E176.555. and £48.895 restitted incoming resourcès. Expenditure for the period totslled £285268. At the end of the accounting period the level of unrestricted general funds, desi8nated funds and restrKted funds T•aS E48291. £1.471676. and £7,261 re5pertively. The trustee5 are workin8 towBrds hawng a reseNe of ynrestrirted funds not committed CY invested in tsible fixed assets representi between 2 arml 3 months of expenditure. At this level the trvstees consider that they could continue with the actsvitsu of the tharity in the event of a sudden drop in fundi Responybifrtie5 of the Tru5te¢s The trustees are responsible for preparithe Trustees RepNt and the financial statements in accordance with applKable baw and United Kingdom Acc(wnting Standards indudin8 Financial Reportin8 Stsndard 102: The Flnancial Reporting Standard applicable in the UK and Republic of Ireland Iunlted Kingdom Generalty Accepted A¢¢auntin8 Pra¢tttl. The law applkable to charitles Sn EnBland and Wale5 requires the trustees to prepare finandal statements for each financial year which gNe a true and fairviÈw of thecharTty and of the income and expenditure ofthe tharityforthat period. In preparltwthese statementy the trustees are requlred to- Selert Suttsblt accountlng pollcies and appty them consi5tentfy: Obser¥e the methods and prirKiples in the Charities SORP: Make judgements and estimatss that are reasonable and prLbdÈnt: stste whether applicable UK accountin8Starards have been fdlowed. subj'ect to any material departures disdosed and ewained In the financlal statements.. and Prepare the finanoal statements on the 8oin8concem basi5 unless it is inapproprlate to assume that the company will continue on that basts. The trustees are responsible for keepin8 suffnt accounting records that di%105e with reasonable accuraty at anytime the finanual posibon of the charity and enable them to ensure that the financlal statements com¥With the Charits Art 2011 thè Charity {Accounts and Report5) Re8ulath$ 21X and the provisions of thetrust deedlconsthrtion. They are also responsible forsafeguarding the assets of the chartty and hen for takirvd reasonable thps forthe prevention and detection of fraLKI and other irregularities. Approved by the board of trte¢S on__ _
Gle Chapel Cto Trustees. Annual Report and Unaudfted finandal Statements Year Ended 3tst orth 2025 Independent Examiners Rewt to the Tnstees of 61ebe Chapel ao l port to the trustees on my examination of accounts of Glebe Chapel CIO (the Charity) for the year ended 31" March 2025. Responsibilltles and basis of report As the chèrity trustees of the Chaiity. you are responsible forthe preparation of the accounts in accordance wlth the requirements of the Charit$ Act 2011 {"the Acf). I report in respect of my examination of the Charitys accounts carried out under section 145 of the 2011 Act and in carrwng out my examination I have followed all the applicable Direttlons gNen bv the Charity Commtssion under section 14515){bl of the ACL Responsibilities and basis of report I have completed my examination. I confirm that no material mattets have come to my attention in connection with the examination gi¥in8 me cause to believe that in any material respert: accountlng records were not kept in respert of the Chaiity as requlred by section 130 of the Art; or the accounts do not accord with those records; or the accounts do not comply wtth the applicable requirements conceming the forni and content of accounts set out in the Charities (Accounts and Reports) Re8ulation$ 2CQ8 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. I have no concerns and have corne across no other matters In connection with the examination to whlch attention shoukl be drawn in this report in orderto enable a proper understsnding of the accounts to be reached. Date: lalo I laoa Kat Aston FCCA For and on behalfof BK Plus Ltd Chartered Accountants 19 Gloucester Road. Ross on Wye Herefordshire HR9 5LQ
Glebe Chapel CIO Trustee5' Annual Report and Unaudlted Flnanclal Statements Year Ended 3tst Marth 2025 Statement ol FInal?1 Actlvltles Unr•strlcted Funds Desl8nated Funds Restrlrted Funds 31.03.2025 Total Funds 31.OY.2024 Total Funds Income Church Mlnlstry Income Investment Income Communlty Centre Income Other Income 101,794 704 55.6S9 18.399 48,296 150.090 208,362 494 55.705 25,961 55,659 18.998 599 Totsl Inwmlng Reur(•S 176,55S 48,895 225,450 290,522 Exp•ThdltUM Admln costs Church Mlnlstry costs SafeguardSn8 costs Revaluatlon . The Ark 134,405 27,707 582 121,124 1,450 2S5.529 29,157 S82 159,953 30.253 506 100,000 Tot•l Resour¢•s Expend 162,694 122,574 285,268 290.712 N•t In¢omInl0wo1n8l R•sourus B•for• Tr•nslws Gross transfers between funds Net IKomlno1{outgolngl resourrns before other re¢o8nlsed ylhslloss 13.861 173,6791 499 173,1801 159,8181 11911 13,362 159,8181 11911 Galnsllosses on dlsPQsal N•1 movement In funds 13.362 173.180 159.8191 11911 8alancfjs brou8ht forward Balances nrrlfjd forward al 31st Marth 2025 34.929 1.472.676 80,441 1,588.045 L588.235 17 48,291 1,471676 7.261 1.528,228 I,S88,045
Glebe Chapel ao Trustees. Annual Report and Unaudlted Flnanclal Statement5 Year Ended 31st Marth 2025 Balance Sheet 31A)3.2025 31.03.2024 Flxed assets Intanglble assets Tangible assets li 1,476,938 1,477,133 1,476,938 1.477.133 Current assets Debtors Cash at bank and In hand 14.882 45.670 11,321 33,154 60,552 44.475 Credltors: Amounts falling due wlthln one year 14 16,1621 111.2621 Net current assets 54,389 1,531.327 13,1001 33,213 1.510.346 {3,400) Amounts falllng due after one year Total assets less current Ilablllties 1,528.227 1.506.946 Capltal and reserves General Reserves Unrestricted Funds Designated Funds Restricted Funds 17 17 17 48,291 1,472,676 7.262 34,929 1.472,676 80.442 1.528,227 1,588,047
Glebe Chapel CIO Trustee5' Annual Report and Unaudited Finandal Ststements Year Ended 31st Marth 2025 Notes fornilng part of the flnancial statements forth? yw ended 31" Marth 2025 l. A¢¢ounting Polkles (a) Basls of preparation The financial statements of the chartty, which is a publK beDefft entity as defined by FR5102. have been prepared in accordance with the Charities SORP {FRS 102}'Accounting and Reporting by CharltFes.' Ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS1021 (effective l January 20191. Finanaal Reporting Standard 102 The Financial Reportlng Standard applicable in the UK and Republic of Iland and the Charities Act 2011. The financial statements have been prepared under the histowical cost conventlon. Glebe Chapel Church (Trust) is a charity registered in EnglarKI and Wales. The charity registered number and prinapal address can be found in the refererKe and administratr¥e details within the Report of the Tnjstees. The presentstional and funrtional currency is GBP. The financial sL*ements are rounded to the ed$t £. Ib) Income Voluntary income includlng donatlons, glfts and legacies is recognised where there is an entitlement, certalnty of re{pt and the amount can be measured with sufficient reliability. Those donated for resale produce income when they are sold. They arevalued at the amount realised. Those donated for onward transmlsslon to the benelldarles are irKluded in the statement of financlal actlvitles as incoming resources (reoipts) and resource5 expended (payments) when they are distributed and are valued at the same amount received. Those donated for use by the chaiity are included and valued at when the cash is received. Receipts from tax claImS are accrned for Sn the ststement of financial activities in the period to which they relate. Investment Income is recognised when rJedited on tnJst bank accounL Ic) Expendlture Expenditure is recognised once the is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obllgation can be measure reliably. Expenditure is classified by activity.
Glebe Chapel CIO Trustees. Annual Report and Unaudlted Flnanclal Statements Year Ended 31st March 2025 Not formlng part of the IlTranclal statements forthe year ended 31° Marth 2025 (d) Taxatlon The charlty Is entltled to eertaln tax exemptlons on Income and proflts from investment. and any surpluses from trading actlvltles carrled out In fvrtherance of the Trusts primary objectives, providing any Income, proflts and surpluses are provided solely for charitable purposes. Irrecoverable VAT Is charged to the appropriate expenditure headin8. le) Grants Grants and donatlons are attounted for when paid over, or when awarded, If that award creates a bindin8 obllgatlon on the Trustees. (n Debtors Trade debtors and other debtors are recoBnlsed at the settlement amount due after any trade discount offered. Igl Prepayments Advance payments are valued at the amount prepald net of any trade dlscounts due. Ihl Credltors Credltors and provlsSons are reco8nlsed where the charlty has a present obll8atlon resultlng from a past event that wlll probably result In the transfer of funds to a thlrd party. and the amount due can be measured or estlmated rellably. Credltors and provlslons are normally recoBnlsed at thelr settlement amount after allowlng for trnde dlscounts. {11 Cash at bank and In hand Cash at bank and cash In hand Includes current and short-term Ilquld deposlt accounts wlth a short maturity. U) Goln8 concern The trustees have revlewed the ongoing futu of the charlty and conslder that there are plans sn place to continue the charltles operatlon. Trustees have a reasonable expectation that the charlty has adequate sOUrceS to contlnue In operatlonal exlstence for the foreseeable future and are not aware of any material uncertalntles regardlng thls assumptlon. On thls basls, the trustees conslder It approprlate to contlnue to prepare the financlal statements on the goln8 concern basls. (k) Tanglble Ilxed assets Depreciation is provlded at the followSn8 annual rates In order to write off each asset over Its estimated useful life: Freehold property not provlded Flxtures & fittin8S 20% on cost Computer equipment 25% on cost All assets are valued at hlstorical costs Sess any adjustments for depreclatlon, In line with the policie5 stated above,
Glebe Chapd ao Trustees, Annual Report and Unaudited Flnandal Staternents Year Ended 31st March 2025 Notes formlng part of the flnanclal statements for th¢ y¢arended 31 March 2025 (l) Investment property The investment property. Glebe Hub, is repSented wlthln the accounts at Its deemed market value, whlch was £350.00 at revaluatlon durlng 2024. (m) Fund Accountlng Unrestricted funds can be used In accordance with the charliable objectives at the dlscretlon of the trustees. Restrlrted funds can On be used for partlcular $trIrted purposes wEthln the objects of the tharlty. Restrlrtlons arise when specffied by the donor or when funds are raLsed for partbcular restrlrtlve purposes. Deslgnated funds a those unre51ricted amounts set aslde or held for purposes which are to be expended in the future. The level of these funds are regularly revlewed by the trustees. (n) Penslon$ The charlty operates a deflned contribution penslon scheme, and the a$5ets of the scheme are held separately from those of the charlty, In an Independentty administered fund. The penslon charge represents the amounts payable by the charity to the fund in respect of the year. lo) Cfftlul a¢¢ounllni estlmates Ind areas of ludymert Durin8 the financlal year the charlty changed from the receipts and payments basls of accountln8 to the accrual's basls. The trustees consider that this chan8e does not materially affect the fl8ures as reported at 31, March 2021, and hence the compardtSves remaln as previously stated. io
Glebe Chapel CIO Trustees, Annual Report and Unaudited Flnanclal Statements Year Ended 31st March 2025 Notss fomiing part of the financlal statements for the year ended 31 March 2025 2. Church Mlnlstry Income Unrestrlcted Funds Deslgnated Fund5 Restricted Funds 31.03.Z025 Totsl 31.03.2024 Total Donatlons Grants Received 101.794 3.296 45,000 48.296 105.090 45,000 150,090 168.362 40,000 208,362 101.794 Prlor Period Comparative- 31st March 2024 Unrestrlcted Funds Deslgnated FurKIs Restrlcted Funds 31.03.2024 Total Donations 106.906 61.456 40,000 101,456 168.362 40,000 208,362 Grants Recelved 106,906 3. In¥estsnent Income Unrestrlcted Deslgnated Funds Funds Restrlrted Funds 31.OY.2025 Totsl 31.03.2024 Totsl Interest Eamed Divldends Recelved 699 699 494 40,000 40.494 704 704 4. Communlty Centre Income Unrestrlrted Deslgnated Funds Funds Restrlcted Funds 31.03.2025 Totsl 31.03.2024 Total NCC Event Hire (Sales) NCC Other (Sales) NCC Tenant Income 1,021 21,818 32,820 55.659 1.021 21,818 4,079 10.901 40,725 55,705 22.839 li
Glebe Chapel CIO Trustees. Annual Report and Unaudtted Flnanclal Statements Year Ended 3tst March 2025 N¢)tes fwmlni part tjf the ftnanclal statemethts forthe year ended 31° Marth 2025 5. Other Income Unrestrtrted Oesl8natsd Restrlrted Funds Funds Funds 31.03.2025 Total 31.03.2024 Total Glft Ald Refund Event Incomee 18.070 329 18,399 599 18,669 329 18.998 25.961 599 25.961 6. Adrnln Costs Cleanlng and waste collectlon Employers Nl Employers Penslons Health & Safety related costs Insurance IT software and consumables LIBht. p¢)wer, he•tln8 Rates Repalrs &malntenance Repalrs & malntenance- NCC Legal & Consultancy Fees Salarles Staff Costs- Pastor Telephone, Internet & Postage Water Audlt and accountln8 Bookkeepln8 Sundrles Bank charge5 Depreclatlon 1.084 2,243 1,901 52 1,901 52 1,823 166 5.753 951 23.715 1.183 15.660 6,387 3.588 57.701 2,456 938 1,072 2,016 5.170 1,772 241 2,766 134,405 5.753 951 23,715 1,183 15.660 127.512 3,588 57,701 2,456 938 1,072 2,016 5,170 1,772 241 2,766 255,529 6,890 20,615 853 9,212 46,093 4,194 55,869 121,124 599 939 1,920 6,182 232 2,123 159,954 121,124 The prlor perlod comparatbve5 are rePSented by unrestrlrted fvnd costs of £127,829 and restrlcted fund costs of £32,126
Glebe Chapel ao Trustees, Annual Report and Unaudlted Flnandal Statements Year Ended 31st March 2025 Notes fonnlng part ofthe flnandal statements for the year ended 31 March 2025 7. Church Mlnlstry costs Unrestrlcted DeslBnated Funds Funds Restrlcted Funds 31.03.2025 Total 31.03.2024 Total Charltable donatlons Youth & Young People expenses Children & Famllies Equlpment & supplles General Expenses Gathered Worship The Ark 16.225 962 150 164 16.225 962 150 164 17,578 37 434 779 2,720 2,720 1.450 2,081 1,450 2,983 Mlsslon & Outreach 2,081 Llterature and tracks 690 Prlntln8 & statlonery Refreshment supplles Staff tralnln8 Subscriptions Fellowshlp & Prayer GROW Elders 881 2.934 432 1,347 470 432 1,347 470 2,064 1,689 1,087 2.070 27,707 1,087 2,070 29,157 1.450 30,253 8. Safeiuardln8 COSt$ Unrestrlcted D18nated Fund$ Funds Restrlct•d 31.03.2025 Funds Totsl 31.03.2024 Total Safe8uardln8 related costs 582 582 582 582 506 506 9. Net IncomelExpendlture for the year Thls Is stated after charglng: 31.03.2025 31.03.2024 Tot•1 Total Depreclatlon 2,766 2,123 13
Glebe Chapd ao Trustees, Annual Report and Unaudtted Flnandal Statements Year Ended 31st Marth 2025 Notss fomiln8 Part of the ftnanclal slatsrnents for the year ended 31 Mar¢h 2025 10. Staff Costs a•d Numbers 31.03.2025 Totsl 31.03.2024 Totsl The aggregate payroll costs we. Salarles and Wages Soclal Security Costs Pension Costs 57.701 55.869 1,901 59.601 1.823 57,692 No employee recefved In excess of £60.000 in either period. The total aggregate employment beneffts retelved by key management personnel we £36,500 for the year12024: £35.625) The average monthly nurnber of employees durin8 the year was as follows: 31.032025 Total 31.03.2024 Totsl Mana8ement & Adrnln of the Chadty 14
Glebe Chapel CIO Trustees, Annual Report and Unaudlted Flnanclal Statemènts Year Ended 3tst March 2025 Note$tolhe Fh)andal Statements 11. Imestmwrt Property Investment Property Total Glebe Hub COST: As at 1st April 2024 Addltlons Di5PQ5als Revaluations As at 31st March 2025 350,000 350.000 350,000 350,000 DEPRECIAnON As at 1st Aprll 2024 Charge for year DIsp05a As at 3tst March 2025 BOOK VALUE As at 3tst March 2025 As at 3tst March 2024 350,000 350,000 3SO,C#JO 350,000 12. Trnble Hxed Assets Land & Bulmlngs Crynputer Equlpment Flxtures & Httlngs Total C05T: As at 1st Aprll 2024 Addltlons Dlgposabs Revaluatlons As at 3tst March 2025 1.12L508 5,171 1571 4.152 1,130.831 2,571 1.121.508 7.742 4,152 1.133,402 DEPREaATION A5 at 1st Aprll 2024 Charge for year Disposals A5 at 31st March 2025 1,927 1.935 1,771 830 3,698 2,765 3.862 2.601 NET BOOK VALUE As at 31st March 2025 As at 31st March 2024 1,121,508 1,121,508 3.880 3,244 1.551 2,381 1.126,938 1,127,133
Glebe Chapel ao Trustees, Annual Report and Unaudlted FInala1 Statements Year Ended 31st March 2025 13. Oqbtors: Amounts Falllng Due Wtthln One Year 31.03.2025 Total 31.03.2024 Totsl Other Debtors Prepayments and Accrued Income 10.249 4,633 14.882 6,176 5,145 11,321 l& C11¢0r5. Amounts Falllni Due Wlthln One Yev 31.03.2025 Totsl 31.OJ.2024 Total Trade Credltor5 9,831 1.120 Accrued Expenses Tax and soclal securlty Other Credltors 1,216 317 6.162 311 11,262 IS. Cr•dltors: Amounts F•lllfi8 thb• lfft Morn Th•n One Y••r 3L03.2025 Total 31.03.2024 Total Tenant Oeposlts 3,IlX) 3,400 3.100 3,400 16
Glebe Chapel CIO TNstee5' Annual Report and Unatsdtted Flnanclal Stalements Year Ended 31st March 2025 Motes tothe Hnandal 5t•temonts 16. Anafysl$ of Net Assets Between Funds Unrestrlrted RestrlLted Funds Funds Deslgnatrd Fund5 Total Funds Intanglble fixed assets Tan8lble fixed assets Current assets Current Ilabllltles Llablltles over l Year N•t assets at 3tst March 2025 5.431 52.122 16,1621 13,1001 48,292 1,471,508 1.169 1.476.938 60,552 16,1621 13,1001 1,528,227 7,261 7,261 1,472,676 17. M¢)v4ments In Funds At OV0412024 Incomln8 Résouros Iln¢ludln8 lalnsl Outgolni Resour (IlUdIn& Net Tr•nsfw5 At 3110312025 Ro5trlrted Funds The Ark Restrlcted Glfts Deflb Malntenance Development- Phase 2 2.038 4,761 1.913 71.730 11,4501 588 4,761 1,913 48.895 1121.1241 499 80,442 48,895 1122,5741 499 7,262 Unrestrfrted Funds Deslgnated NCC Development The Ark Branch youth fvnd GYG youth fund -General L121,508 350.000 683 485 34,929 1,507,605 I,121. 350.000 485 48,291 1,520.966 176.555 176.555 1162,6941 1162,6941 14991 14991 TOTAL FUNOS MOVEMENTS lJ88,045 225,450 1285,2681 1,528,228 18. Related PartyTransxtlons No Trustees received any such payments durlng the year ended 3tst March 2025 and no Trustee5 were reimbursed any expenses In the current or PTlor perlod. 17
Glebe Chapel CIO Tr(tee$. Annual Report and Unaudlted Financlal Statements Year Ended 31st March 2025 Notes tothe Flnartclal Statements 19. Capltal Commltments 31.03.2025 Totsl 31.03.2024 T¢)tal Nll Nll 20, Contlngent Uabllities 31.03.2025 Total 31.03.2024 Total Nll
Gleb¢ CIO Income & Expendlture Account Forth¢ year ended 31st Marth 2025 Unrestrlcted 2024125 Restrirted 2024125 Unrestrkted 2023124 Restrfcted 2023124 Income: Donations The Ark (Formerty Glebe Hub) Deflb Malntenance Development- Phase I Development- Phase 2 Grants- Development Phase 2 Event Income 101,794 2,430 101,806 2.630 1,910 5,100 56,916 40,000 45,000 329 Investment Income 704 494 NCC Event Hlre {sales) NCC Other Isalesl NCC Tennant Isalesl Gift Aid Clalmed 1,021 21,818 32,820 18,070 176,555 4.079 10,901 40,725 19,329 182,434 599 48.895 6,633 108.089 Expendlture Admln costs Cleaning and waste collection Employers Nl Employers Pensions Health & safety related costs Insurance IT software and consumables Llght, power. heating Rates Repalrs and maintenance Repairs and malntenance- NCC Legal & Consultancy Fees Salaries Staff Costs- Pastor Trustee training Telephone Water Audlt and accounting Bookkeeplng Sundries Bank char8es 2,243 1,901 52 5.753 951 23,715 1,183 15.660 6.387 3.588 57,701 2.456 1,823 166 6,890 20.615 853 7,712 15,467 4,194 55.869 1,5iyJ 30,626 121,124 938 1,072 2,016 5.170 1,772 241 599 939 1,920 6,182 232
Depreclatlon 2.766 134.405 2.123 127.827 121.124 32.126 Church Mlnlstry ¢osts Charltable donations Youth & Youn8 People expenses Chlldren & Familles Equipment & supplles General Expense5 Gathered Worshlp The Ark Mission & Outreach Llterature and tracks Printing & stationery RefshMent supplles Staff trainln8 Subscrlptlons Fellowshlp & Prayer GROW Elders 16.225 962 Iso 164 17.378 37 200 434 779 2.720 1.450 2.983 2,081 690 881 2.934 432 1,347 470 1.689 1,087 2,070 27.707 1.450 29.619 634 Safe8uardlng eosts Safe8uardln8 related costs 582 582 506 (Deflcltl / surplus of Income over expenditure 73,679} 24,482 75,329