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
Y￿r 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
p￿viOUS 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, G￿at 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 ReP￿t 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 £59￿19{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 ts￿ible 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 prepari￿the 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 accountin8Star￿ards 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 suff￿nt 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 Charit*s 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 tr￿te¢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 FIna￿l?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 Re￿ur(•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¢omIn￿l0￿wo1n8l
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 I￿land 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 rep￿Sented 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 reP￿Sented 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 D￿18nated
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. Trn￿ble 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 FIna￿la1 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& C1￿1¢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
(I￿lUdIn&
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
Ref￿shMent 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