REI GISTERED COMPANY NUMBER: 11595189 (Englaiid #nd Wy&les} REGISTERED CHARI I'Y NUMBFR.. 1180195 UNAUDITED FINANCIAL STATEMENTS FOR THE YEALI ENDFD 31ST MARCI12024 FOR GRACE COMMUNITY CHURCH BEDFORD Haines Watts Fii'st Floor, Wobui'n Court 2 RailÉon Road Wobum Rd Ind Est Kempston Bedfordshire MK42 7PN GRACE COMMUNITY CHURC14 BEDFORD CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED JIST MARCH 2024 Page R¢ferenee and Admini5trallve Details Report of tlie Trustee5 Independent Examiiier's Rcport Statement of Fin3n¢l#l A£tlvltles 14alince Slieet C&$li Flow Statement Notes to tlie Fi11gn¢lAI Statements 10 to 15 Detalled Statem¢llt ol Fiiikneial Activlties 16 GRACE COMMUNITY CHURCH BF.DFORD REFERENCE AND ADMINISTRAI'IVE DETAILS FOR THE YEAR CI NDED 31ST MARCH 2024 TRUSTEES O Alade B Alade C Almond C J Atkinson D A Parish JPutt M Salter RRCISTERED OFFICE 229 Bedford Road K¢M￿$t0￿) Bedford Bedfoi'dslure MK42 8DA REGISTERED COMPANY NUMBER 11595189 (Englalid and Wales) REGISTERED C￿￿RITy NUMBER 1180195 INDEPENDENT EXAMINER HW Bedford Limited Fii'st Flooi, Wobiii'n Court 2 Railton Road Woburn Rd Ind Est Kempston Bedfordshire MK42 7PN LEGAL ADVISORS Edward Cont)ov Solicitors 10 The Point Market Harborough LE16 7QU BANKERS National Westtninst¢r Bank 81 High Street Bedford Bedfordshire MK40 IYN Page I GRACE COMMUNify CHURCH BEDFORD REPORT OF THE TRUSTIFES FOR THE YEAR ENDED 31ST MARCH 20?4 The tri￿t¢C5 who are also directors of the chayity foi. th¢ Pu￿OSe$ of tb.e Compaiii¢s Act 2￿6> present thesr report with the financRal stateinents of the chai'ity for thc year ei)ded 3 1st Mavch 2024. The ftllstees have adopted the provisions of AccouTrting and Reportiiig by Chai'ilies.. Statem¢Dt of R¢commended Pi?ctic¢ dpplic3ble to charities preparing their accounts in accthrdance witli ilie Financial Reporting Standai'd appli¢able ITh the UK and Republic of Ircland (FRS 102) (eff¢ctive l January 2019). OBJFC.TIVES AND ACTIVITIII S Objeclives gild airn Tlie Cl)uwh exists to promote th¢ Cliristian faith - the good i)ews of what God hBs done for lis - in its immediate oinmunit} of Kernpston B¢dford and alsLI in the whole world through liiik5 Wltl) other sÉmilar ChuTches and oiganisatioiis. The Chui'ch ineels regularly to worship God foi. who Fle is, and to thank Him foi. all 14e has done for us. We liave always hftd a strong emphasis upon teaching tlie Bible and DUI. leaders are coii)Initted to explainitjg ¢he Bible in wav iliiit is cnnlempoi'ary, accui'ate and I'el¢v&n¢. We usually meet three tin)es on a Sutkday and in a number of home groups during the iv¢ek. W¢ want oiir meetings to be accessible, helptul &iid clear. kn5 Ils to have better BeiioTriEig tl)e good iicws of Jesus not only restoirs our broken I'ellliionsliip with God, but enabl- ieliiliotLships ii'ith each oili¢i'. Ive want io model this in our love cominitmeilt to OIlC dnotliei. witliin tlic Churclj famÈly, but also to expi'ess God's love and care ivithin oiir general coinmuiiity. Church membei's, iii all kind5 of personal and indiviLlual ways, are fiilly involved in this, but the Church aq a group És also coinmittcd to helping people. Tliis service w511 t&ke inany forffts bui particlllarly the Care of the poor, needy and vulnei'able. The TI￿SteeS a￿d Offic¢rs reyieiv regularly the aclivitiel undertaken to achieve these goals and particulai'ly the number of people and participation levels of those attending tlie various meetings and activities arranged. Tht Church has r¢cently adoptcd ll Nqission Stat¢ment alld sei of Valucs that K'ill guid¢ it ID its futur¢ decisions and practire. Mission Sta¢¢inent.' To know Jesus a￿d to moke Jesllg known. Values.. The values are coinpassion, commitment and coura8e. Acljloyei￿e￿t ptyformallce As well as ilie fliidncial highl￿ght$ no¢ed b¢low, the Church continued to grow during the yeÈi' in tei'ms of iiumber of m¢￿berS. Our plan had been to re-establish our full 4Ctivitics of outreach and cojnmunity SUPPOrt. We accomplished this especially tlu'(Trugh thc addition of a n¥w Families. Childrcii and Youth worker. Oiir sccond pla￿ for 23r24 Wils lo subniit a p1anft￿ng application for a new ChurLh otkd community, eentir in the toivn. Th¢re have bcen considei'able delays Wlth this applicatioii due to technical challenges with the proposed site. however, this ivas &chi¢ved in lanuary 2024. Page 2 GRACE COMMUNITY CHURCH BEDFORD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 Financial reyitw a) The Church is heavily dependent on dLinations iii oiéei. to contillue its activities. Th¢ donations itpyesent 960/9 0( total iDcotne and are all received froin Church members and those in our local Community- b) The Chuych had a general unrestricted re5ei.ve of £115,351 at the beginning of ihe yea]. which could have been v$¢d to offset any fall in¢ome. c) We ore very gratefi]I to God and our donors tlial our unrestric¢ed incoine was £524,073 for lh¢ financial year. 14oweYei', thi5 was lowerthan the pi'evious y¢ar's £587.800. We l)aw¢ been in discussion with our doi)ors to try to increase this iThcom¢ ith 2024125. d) Unrestricted expenses w¢re £519,48012023'. £520,693). e) TraiDing Fund.. Duiin¥ 2009, the Chui'cl) created a TralliiDg Fund with a view to helping to tt'aill men and woinen interested ID working in Churche8. Tl)e trainets would m(Ist likely leave tira¢e aftei. two years of training and move on to otl)ei' Churches iieeding leaders. Since the fund was created 12 people have been trained tlirougli this fund. During the year, tlie Church received gifts of £12,499 and spent £5,515 on training a new employee. There wei'e r¢Tnainin8 funds of £43,629 at 31 Mai'ch 202412023.. £36,645). From S¢pt¢mber 2024, a new employee will be hiied from the Training Fund. Building Fund- This was established it) 2014, to meet the potential cosis of moving or developing premise5 as God iiici'eases the size of the Chui'ch. During the pieviotJ5 year, the Chiirch received a pledg¢ to a gift of land with poiential to build it5 own cejitre. This cenlre would be used by the c.hurch for its Sunday m¢etillgs, but also to be available during the week nut only for th¢ various Lommunity actiyities af the Chu￿￿ but also for other community groups to run theii. activities as a Service to the people of Kempston and Bodford. The process of d¢sign planiiing siarted and various consulthnt5 were employed. Donations of £55,420 ivere received during the year and cxp¢nseg incu]Yed totalled £59,212 leaving a b&latJ¢e of £5,356 (2023.. £9,148) ai 31 March 2024. g) Tithe Fund.. The Church aims to suppoit other organisations and individuals as part of its mission to make known the good news about Jesus Christ tliroughout the world. It therelor¢, sets &8ide, io a designated r¢serve, amount of 5 /0 (PlEviously l(P/) of its uni'cstricted donation illL(Ime to be gi'ant¢d to othcrs who support its ubje¢ts and aims. This amounted to £24,070 {2023'. £46,89l) ti) the ye)r. Tliese organi5aÈions and individuals al'e idenlified by the members of the Cliurch and ihen approved by the Trustees. Duriiig the year £54,548 was paid out of the tiihe fut)ds. Tlie balance in th¢ ￿nd at 31 March 2024 was £29,813 (2023.. £60.291). The fi]nds will be dists'ibuled ill the normal way in the next financial year. The Chui'ch hop¢s to restore its Tithe io IOO/D as soon 4$ its financial ciroumslan¢es allow. Pljns for Future P¢riods &) We hope to r¢ceive planning appiDval fot the application mentioned abov¢. The Eldei's and Building Team ar¢ monitoi'ing closely this process. b) We are employiiig a new Th'&inee Pastoi. from Sepiemb¢r 2024 and The Elders will Closely monitor his transition inio the Church. Page 3 GRACB COMMUNITY CHURCH BEDFORD REPORT OF THI TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Trustees The Cliurch is goweyned by T￿ste¢S. Th¢ Trnstees who served during th¢ year ended 31 March 2024 wei'¢-. M. Salter- eld¢r and employee J. Putt- elder and employee B. Alade- d¢aLon at)d volunteer O. Alade - deacon and volunt¢er C.Alinond- elder and volu]iteer C.Atkinson- elder and employee D.Parish- deacon and voluiiteer A.Whit¢- eldei. and volunte¢r (Resigned 18 Maith 2024) ILEvan5- eldei. and voluDl¢er (Resigjied 181h Match 2024) Appotntmeiit ofofficers and Trtt5tees The ChuY¢h believ¢s that otTicers of the Church, Elders and Deacons, are chosen by God for their role in ¢h¢ Chui'cl) and that tlies¢ roles arc recognis¢d by th¢ Chui'eh as a whole. Tlieretor¢, the offiG¢i's must be meinb¢rs of the Church ai)d are appointed by the othei. membei's of the Chuirh at meetings arranged for this pui'pose. The officers ore usually appointed for an indefinite tenn. From tim¢ to time, officer$ move away fi'om the Church oi. have new pi'iorilies and, therefor¢ i'esign froni iheir leadership role. Oth¢r Lhanges to offi¢¢r5 will bc decided bythemembers of the Church at meetings arranged forthat pujpose. Under the Articles aiid Memoi'alid￿m of Association, certoin officers may be appointcd as Trnst¢es and Diirclors. The Church's Articles and Memorandum of Asso¢iation require that there always be a majority of Trustees that arc elders. The Church'5 Articles Ind Memorandllm of Associatioii require ￿￿t a minority of Trn8tees are paÉd, either as eillploy¢e8, Tru51ees oi. otherwise. Recognising the benefirs to the Charity of limited terms of office for Ttwt¢es, every two year4 two thll'ds of the Trustees retiiy from offi¢e and are replaced by oth¢i' Tru8te£s. Payments lo Trllstees durlng the year Dui'ing the yeai., th¢ Church employed thre¢ eld¢rs who were also trustees dui'ing the yeai.. The Eldei'5' reTnun¢i'ation is rixed each y¢ar by a Remunei'ation Committee of the Church. T]ie Elders who al'e also employ¢¢s cannot be mctnbei's of and do not attend the Remunei'ation Cornmitt¢e meetEng at which thetr rernuneration is fLxed. None of tht other Tiustees of tlie Church r¢¢¢ived any remu￿¢TatIon fi'om the Church during the year Olher employees The Church eTnploycd 3 full-timE (2023.. 4) and 712023.. 10) othci. part-time employees who wei'e not Trustees during the year. 2 of thes¢ eiDployees were Eldeis. The other employee% were it)volved in the care ol- familEes, thc vulnerable and needy and adinit)istraiioT), The Trustees and employee5 of the Chur¢h incur c¢rt you are responsible for tli¢ pr¢paration of tlie accounts iji a¢¢ordance with the reqiiir¢nients of th¢ Companic5 Act 2006 ('tlie 2006 Act,). Haviiig satisfied niysclf that tli¢ 8ccoiiiils of Ilje Compatiy are not reqiiiied to be audited under Part 16 of tlie 2006 A¢1 and are cligible fi)I' independcjit exainijation, I report in ￿SpeCt of my ¢xamEJiatioi) of your ¢liar1r￿S 2CCOlllits as carri¢d out under Seetioji 145 of tlie Charities Act 2011 ('Ihe 2011 A¢i'). In carvyiiig oul my cxamiivdtioii I liave followed tlie DirEdEotss giv¢n by the ChaTjty Coinmission under Section 145(5} {b) of th¢ 2011 Act. Iiidependent eximincr's stgtement Since your cliarit) s gloss income cxceeded £250,000 your exgniiner n)￿St be a m¢mb¢r of a listed body. I cart confirni that l ajii qiialificd to undcrtake Ilie eyaniiiiation because l atn a m¢rtLb¢r 0¢ ihe Institute of Chartered Accountaiits in England and Wales, which is oiie of tli¢ lÉsted bodies. J havecompletcA tny exa1￿117allO￿. I confimi tliat no matters liave colnc to my atteiitioii iii connectiOEJ wi¢h theexainination giving me caiise to b¢lieve: a¢wiintÉllg recoi'ds We￿ tiot kept in respect of the Company &s reqiiEred by Section 386 of the 2006 Acl. or the accounts do not a¢¢tsi'd wirh those records,. or the accoujits do not coniply with the accoiintiiig requiremeiits of Sectioij 396 of tlie 2006 Act other than aiiy requirement Iliat the accouiits give a true at)d fair view i¥hich is not ¥4 mattel co1￿idered as part ofaii indepeijdent cxaminaliott, or tli¢ accoiiiils have llot b¢en piEpai'ed in accordaii¢e witli tlie Inetliods and principles of the StattTnent of Recotniiieiided Practice for accoiiiiting aiid reportiiig by cliaiities (applicable to chavItics prepariiig t]ieir a¢¢oun in accordance with the Finan¢ial Reportlllg Standaid applicabl¢ in the UK and Republi¢ o(Ireland {FRS 102)). J hav¢ no ¢oiicerns and have coine across iio other nMlteiE in connection with the examinalioji ¢0 which attention slioiild be dvawi) in tliis repojl in oirfer to rnabl¢ a prop¢r UiiJ¢rytanding af tlie acu)unts to be Yeached. Alberto Di LolE[￿l FC HW Bedford LitnilEd Fii'st Floor, Woburji Court 2 Railron Road Woburn Rd Inrf Est Kenipstun Bedro1￿sh5l MK42 7PN Date: ........ Z&L Page 6 C.RACE COMMUNITY CEIURCTrI BEI DFORD STATEMEI NT OF FINANCIAL ACTIVITIFS FOR THE YEAR ENDED 31ST MARCH 2024 1113124 Total fiinds 3113123 Tot&1 funds Unrestritted tund Restricted funds Designated nd Notcs INCOME TrIiOM Doi)ations and legacies 524 073 597 168 684 885 EXPEI NDITURE ON Chxritabl¢ ietlvltie$ Direct eosls Di¥¢ot ChaYitsbl¢ Expenditure Support rosts Finance costs Oth¢r costs 493,946 85,589 54,548 634,083 683,199 1,148 24,386 1,148 24.386 1,083 20,796 FJxpenditur¢ charitable aclivitiLq 519,48Q 85,589 54,548 659.617 705,078 NET Ih'COMEJ(EXPEI NDITURE) 4,593 (12,494) (54,548) (62,449) (20,193) RLI CONCILIAI'ION OF FUNDS Total fvnds broiight forward 115 351 60.291 250 774 270 967 119,944 62,638 5,743 188,325 250,774 TraDsf¢i's betiytem fund5 13 (25,652) 1,582 24,070 TOTAL trUNDS CARRIED FORWARD 13 64,220 29,813 188325 250 774 The Doles fol￿ i?art of these financial stgternents Page 7 GRACE COMMUNITY CHURC14 BEDFORD BALANCE SIIEfiT 31sr MARCH 2024 3113124 Total funds 3113123 Total fuiids Unrestricted fujid R¢strict funds Iksignated fund Notes FIXED ASSETS Taiigible assets io 2.363 CURRENT ASSETS Debtors Casli at baiik 15,159 71 124 149 15,230 247 322 15,132 244,5.37 108.519 124,220 29,813 202,552 259,669 CREDITORS AmouDts falling du¢ witliin on¢ year 12 116,590) 160,0001 {76.590) 110.4821 LYET CURRENT ASSETS 91,929 185 962 249.187 NET A&SEI'S 94.292 64.220 188 325 250,774 FUNDS Unirstricted fiinds Restricted fuiids tksignaled fuThds 13 94,292 64,220 115,351 75.132 60.291 TOTAL FUNDS 188,325 250 774 The cknrilable compat]y is entitled to exemptiot) from audit undei. Section 477 ofthe CoTnpaTri¢5 Ad 2006 for the year ¢nd¢d 3 1st Mar¢h 2024. Tli¢ inembers liav¢ iiot r¢quired th¢ company to obtain audit of it5 fillaiicial slatetnenls for tli¢ Y￿1. ended 3 1st March 2024 in accordance witl) Sectiott 476 of tlie comp￿7￿C8 Act 2006. Tlie h'ustee5 acknowledge thEir responsibilitie5 foT (al ensurin¥ that tlic cl]￿ltable company ketP5 accouiititig records thai ¢omply wi¢h Sections 386 aiid 387 of thc Companies Act 2006 atid piepai'ing linancial state111enls which give a ttiie and fair vtew of the state of affairs of the Gharitable wD)pany as at the end of each finanGial year and of its SiTrpliis or deficit fijr cach fjnaitcial year in accordance with thc r4uiren)cnts of Scctions 394 and 395 and whi¢l) otli¢rwise Comply wtth the requirements of the Coinpanies Act 2006 relatiiig lo fiijanciai statejiieiits, so far as applicablc to th¢ cliarilabl¢ ¢onipaJiy. (bl T]ic finaii¢ial statcmeiits ivere AppJDved by the Board of TNste¢s and authorised for issue oti 30 Septeniber 2024 aiid were signed on it5 belialf by.. C Almond- Trustee The Iioles form parl of these finaiicial stalemejits Pag¢ 8 GRACE COMMUNITY CHURCH BEI DFORD CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 2024 3113124 3113123 C#sh tlows fi'om opcratiiig activltles Net exi)enditure for Ilic i'eportiiig period (as per the Staleineiit of Financial Activitl¢5} AdJ￿StmentS for: tkpreciation charges Iiit¢r¢st i'eceivable (IE)crease)Idecrease in debtOlE Increasel(decrease} in creditOf5 {62.449) {20,193) 1,575 (3,508) (98) 2,241 (1,096) 281 Net cash provided byl(used in) operatsng aciivities 1.628 (98,470) C4sh tlow$ frnm Investing activities Pui'chase of tangible fixed 355ets Inv¢slment IIILoine (2,351) 3.508 (1,199) Net cash provided by/(used in) investing adivities 103) Change iii cash ¢45h equiY&lents in th¢ reportang period Cash aiid Cash equivalents at the beglnning of the reporling period 2,785 (98.573) 244 537 343,110 Cash ¢ash equivalents at the end of the repoi'tlng period 247 322 244 537 The notes form pait of these f￿ancIal statements Page 9 GRACE COMMUNITY CHURCH BEI DfoRD NOTES I'O THE FINANCIAL STATEMENTS riOR THE YCI AR ENDED 31ST MARCH 2024 STATUTORY INFORMATJON Grace Coininunity Church Bedford is a charily registered in England. In ihe evcnl of the charity being wound up, the liability in respect of the guarant¢e is IiEnited to £1 pei. i)Icinber of tlie charity. The address of th¢ re8lstei.ed oflice is ￿lvcrt in the clLarity infoTEnalioD on page l of thes¢ finaiicial statements. The iiatiire of the ¢hai'sty'5 operalians and principal actiyities are stated on pag¢ 2. ACCOUNTING POLICIES Basis of prep&ring tl)e financial stateinents The financial statements of the charitable company) which is a public benefit ¢ntity under FRS 102, have been prepar¢d in a¢coi.dance wilh the Charities SORP (FRS 102)'AcGountins and Reporting by Chai'ities.. Stateinent of R¢coininend¢d Practice applicable to cliarities preparing theii. accounts in accordance with the Financial Reporting Standard applicablc in the UK 8nd RepubliL of Irelai)d (FI (59,212) 43,629 5,356 350 368 455 2,149 (344) 19,583) (2,731) 8,204 14,885 582 73.095 Designxted funds Titli¢ fund 60,291 (54,548) 24,070 29,813 TOTAL FUNDS 250 774 597 168 659617 188325 Comparatives for Jmovement in funds Ti'Jnsfei' between funds At 0110412022 Incomsng resources Resources expended At 3110312023 Unrestrleted fuThds General funds 104.135 587,8(K) S20 693 115 351 Restricted funds Ti'aining funds Building funds Africa fund MaSui￿bUko fund Ncedy Persons fuiid CAP Hampers fund Other fund 47,514 36.490 1.256 51 18,862 12,000 52,006 1,250 381 15,175 1,757 {22,869) (79,348} (2,156) (456) (9,596) (3,185) 25.229 36,645 9,148 350 (241 24,013 (428) 1,428 111886 142839 Designated funds Tithe fund 54,946 (41,546} 46,891 60,291 TOTAL FUNDS 270 967 684 885 705 078 250.774 The notes foim part of these financi31 $iatements 14 GRACE COMTrqiJNITY CHURCH BEDFOIID NOTES TO THE FINANCIAL STATEMENTS- coiitirhued FOR THE YEAR ENDED 31ST MARCH 2024 13. MOVEMfi NT IN FUNDS- eontiiiued The expenses paid out of the va]'ious fiinds ale explain¢d below.. D¢sigiiuled TÉthe Funds Th¢ Church set aside 5 /D of its iiniYstri¢t¢d donation income it12023n4 to be usedio help other oi'gathisations and individuals iii fulfilling th¢ mission of the Chui'ch. In preiiious )'eai's this ivas IOO/D. Tile Chui¢li liopes to i'estoi'e ils Tiihe io IOO/D as soon as its financial Cll'cumstances ollow, These incliide activitie4 to 5pr¢ad the gospel in the UK and ovei'geas as well As justl¢¢ SUPP021 in lielping those involiwed with pgyertv I'eli¢f and d¢velopment. Tlie 115e of the tithes is usually decided oi) an annual basis. The balance in the fund at 3151 March 2024 was £29,813 (2023.. £60,291). The funds have been dsstributed in ¢he nomial way aft¢r the end of the Iinancial year. Re.%tricttd Building Funds In 2014 the Chuich lauii¢hed an appeal of 100 for £l,0(K) to establish a fund to lielp plan a possible building projeLLldevelopment at thE pirmises of wheir the gatherlligs take place. Thi5 reserve liad ali iE]itial targei or £IOO.000. In 2022, the Cl)urch received a pledge to a gift of land wilh pot¢nlsal to build its own cenlre. Dotta(i011s of £55,420 were Y¢c¢ived dui'ing this cu]Tent finan¥ial year at]d expens¢s incun'ed totalled £59,212. At )1 March 2024, the fiund had balance of £5,346 (2023.. £9,148). Rpstricted Traiiiing Funds The traii)ing funds, Set up in 2009 are restricted income received to be used by the Cliurch in training appreiitices and associate pastor5 employed by the Church, The training costs Include compensatEon, cou¥s¢ fee&, relat¢d travel Éind Ji)8terials. Since th¢ ￿nd was created 12 people have bcen trdined. At 31st Maroh 2024, there was a balornce of £43,629 (2023: £36,645). 14. RELATED PARTY DISCLOSURES There were no related paty trat)sa¢tions foi. the year ended 31st March 2024. 15. CONTJNGENT LIABILITIES The CIiLir¢li has enteiEd into a partnersliip with 8 third p&rty to 51iare th¢ cosis of the planning application for the Chui'ch's new premiges alid community cent￿, from its Restricted Build￿ng Funds, but only to the ex￿nt that Ihe Churcl) i'aises sucl) funds. At 3151 March 2024, there was £5,346 in tli¢ Rests'i¢ted Building Fund whicli was less th(In the Church's remaining shar¢ of the Cobls. However, the Cliurch has received iyi'ittet) confirn)aiion from the third pariy that should the Church noi be able to raise sufficient funds, tlien thc costs iv511 not be chai'ged to it byt will be borne by the third party. The notes foiTh part of these financial statements 15 GRACE COMMUNITY CHURCH BEDFORD DETAILED STATEMENT OF FINANCIAL AuivrriES FOR THE YEI AR ENDED 31ST MARCH 2024 3113r24 3113123 INCOME Dot)olioDs #nd l¢g*cle$ Ordinary Income from Gift Aid donations Gift aid Other income 86,427 399,753 99,938 87,051 455,104 113.776 Total incomi￿g resource5 597 168 684 885 EXPENDITURE Charitable activlties Employ¢¢ costs Elders & deacons Costs inc. training Membei's & visitors costs Facilities & catering costs Costs of other outreach events Publicity & comrnunications Donations & grants Planning & Dcvelopjnent Cosls J65,606 14,137 7,375 56,614 32,547 21,473 77,119 389,956 12,493 10,635 50.715 37,520 21,781 80,776 634,083 683,199 Support costs Finance Bank ch8r#es 1,148 1,083 Other Eqiiipmcnt, insurance & depreciation Miscellaneous expenses Professional fee5 & subscriptions 10,634 4,236 2,982 24,386 Total i'esources exp¢Thded 659617 705 078 Net expenditure 62,449} This page does not fonn part of the Statutory financial statement5 Page 16