GRACE CHURCH EXETER REPORT AND FNANCIAL STATENTs FOR THE YEAR TO 31ft AUGUST 2024
GRACE CHURCH EXETER FOR THE YEAR TO 31sf AUGUST 2024 P49• Charity Infom)ation Trustees, Report Independent ExamTrneT'S Report Staternent of Finanelal Activities Balance Sheet Noies to the Financial Statemèni8 10.16
(aiACE CHURCH EXETER INFOIIMATK)N FOR THE YEAR TO 31ST AUGUST 2024 CHARITY NAME: Grace Church Exeter REGISTERED CHA¥4TY NUMBER: 1182435 ADDRÉSS: Lydia House 140 Cowick Stfeet EXETER EX4 IHS CURRENT TRUSTEES: Claire Annetts Ichairl Chris Collison Elizabeth Gingell Jessica Hèdd8n Danrel Roach ITreasurerl David Roll$ INDEPENDENT EXAMINE Mr M 8 J Cronin MAAT FCIE Bowhill Bookkeeping Services 172 Newrnan Road Exeter EX4 IPO
GRACE CHURCH EXETER TRUSTEES. REPORT FOR THE YEAR TO 315[ AUGUST 2024 The tiuslees pre58nt their report together with the financial statements for the peiiod 8nded 3101 Augusi 2024. The financial statements have been prepared in accordance with the accounting policies set out on pag85 10 and 11, and comply with tho ¢harity's constiiuiion, Ihe Charities Act 2011 as amended by the Charities Act 2022, the Statement of Recommended Practice.. Accounting and R8POrting by Charitigs Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 Itffective 1" January 20191 and with the Financial Reporting Standard applicable in the Uniied Kingdom and Republic ol Irèland IFRS 1021. Stru¢ture. Govemnce and M•n•g•m•nt Governing Do¢ument Grac& Church Exeler has a constitiilion dated 13" March 2019. It operates a$ a Charitablo Incorporated Organi5ation ICIOI registered with the Charity Comrnis8ion LTrnder charity number 1182435. Organlutlon•l StNrfUT• The trustees who served durlng the year and up to ihe date thi$ report was approved are a8 follows: Cleire Annetts (Chaifl Ilnterim Treasurer to 1&b D8¢ernr 20231 Chri5 Collison Elizabeih Gingell Ifrom 1V Febwjry 20241 Jessica Hadden Daniel Roach (Treasurer from 16¢h Oec8mb8r 20231 David Roger5 Ifrom 16" December 20231 The trustees are responsible for the general Gontrol and managemeni of ihe Charity. The trustees give their lime voluntarily and Ireely and wceive no remuneration or oih8T financial benefits for the wot they ijndertake a5 charity tnJstees. Trustees are appointed by the existino Trustees team. in ¢onsult&tion with the Chur¢h Eldor$hip ieam. The trusiees and Eld9rs meel lOgher regularly to discuss the running and activities and resources of ihe charity. To assist in the smooth running of ihe charity. the trustees hav& d818gated much of the day-to-day running of church activities and adminislr8tion to employed stafl. Oblti¥M and Actmtleg Our Obiertives The objects of the Charity are set out in its constitution as follo - al To 8dvance the Christian faith in aCrdanCe with the Statement of Belief5 appearing in th8 Schedule annexed to our constitution. in Devon and such other parts of the Vnit8d Kingdom orthe world as th8 charity trusiees m8y from time to lime ihink fiL induding (but without I1[tatIOn) the prornotion of Chrisiian teaching and education. and to fulfil such other exclusively Charitable purposes as the charity Irust6es Trn their discreTion decide are consistent with the other purpose5 set out in thi5 clause. bl to relieve or assist in the relief of 0pe who are in condition$ of need. hardship or dire$s.
GRACE CHURCH EXETER TRUSTEES. IIEPORT l¢ontinuodl FOR THE YEAR TO 315V AUGUST 2024 Obiectives and ActivItl lconlknidl OUT Objective6 rtsfltsct the basis of our charity's faith and beliets. Each year our trustees feview OUT objectives and 8cliviiies io ensur8 that they continue to reflect our aims. In carrying out this revi8W. lh8 trustees have considered the Charity Commission's general guidance on public benefit and in particular its $upplementary public guidance on the Advancement of Reliuion forthe Publi¢ Benefit and the Prevention ol Relief ol Poverty for the Public Benefit. Our dual aims remain to advance the Chrislian laith by providing an a1ve church in which people can worship and receive biblical teaching in an environment which 1$ open lo all and. In lintr wii our Charity's objects and the tenets of our Christian faith. to relieve those in conditions of need or hardship through financial or oihei support. We also aim to provide Ihe opportunity for peop18 to xploie Ihe claims of the Chrislian faith in an accessibla way. How ouv tictivitiés ddlvor publ1¢ bw•fil The Charity carries out a wide range of athivitres in accordance with its charitable aims. The trustees consider that these activilies. summaiised below, Provide benefit to those who worship at our church, lo ihe widfjr community in Exeler and indeed to the United Kingdom and the wMrld. Maln Actlvltlm •nd A¢hl•v•m•nts Duthg thè Ye Yeaf In Aevlew 2023124 has beèn 8 rèally p081tiv• year for Grace Church Exeter, vAth an in¢ieas•d 58nse of togetherness and momenlum a¥ a church. A summary of highlights from the yaar is sot out below.. Eld8rs- the elders are Huw Hadden. Mick Taylor. Dan Roach and D8V8 Rogers. Huw Hadd•n was appointed as 8n elder in March 2024 as we contlnue to expand the eldership tgam to 8f18Ctively lead and care for the church. rrusrees- the trustees are Claire Ann811s ICha*rl, Chris Collison. Liz Gingell, Jess Hadden, Dan Roach ITreasureTI and Dave Roger$. Dan Roach and Dave Rogefs weie appoinied as Siaff irusiees in December 2023 and Liz Gingell was appointed as a trustee in February 2024. The trustees meet about six times & year with the elders ol tho church. Staff- the staff team comprises Davè Rogprs IPastorl. Dan Ro8ch IAssociaie PasloTI, Susy Holding Ichildren and Youth Ministry Leaderl. Julia Rice (Finance and Logistics Managerl and Kez Greenhalgh (Youth and Children Ministry Support). Dan Roach began Working as a full-time member of staff in January 2024. having previously been working for the church on a part-timè basis since 2022. Post year end. we were pleasfrd io be able to make a number of staffing changes in order to more effectively iesource ihe church. Huw Hadden w8s appointed a5 As$o¢iate Pastor on a part-time basis. Kez Greenhalgh was appointed as Children's Ministry Leader and Susy Holding was appointed as our Youih Miniry Leader. both on a part- time basis. All three started in thei¥ new roles in September 2024.
GRACE CHURCH EXETER TRUSTEES. IIEPORT l¢ontinu•d) FOR THE YEAR TO 31ST AUGUST 2024 Main Activities and Achievements During th• Year l¢ontlnu•dl Year in R•view l¢ontinu•dl Sunday Gathering - we meet weekly at 1sC8 AcBdemy and gatheT about 200 adults and hildren each Sundav. During the year we worked through three preaching series on BeMmin9 Like Jesus in Community. Romans and Jonbh. Childran and Youth - Our Children's and youth work continues to flourish, with approximately 100 children in attendance each Sunday. We have four age-specific groups on a Sund8y for 0-3s. 4-7s. 8-11s and 11+ as well as a weekly youth group o Friday night. Community Groups - many of our members meet across ihe city in sm8llar mid-week groups io grow in faiih togeiher. Having p8u$ed Communiiy Groups in July 2023 10 give our leaders time to rest and allow some group$ to finish. we preached on the import8nce ol Becoming Like Jesus in communily in Auiumn 2023 and relaunched our gioups in January 2024. It Wa5 wonderful io see $0 many new glOUPS Starting across the city and lo see mBny of our members signing up for Ihese. OMKe Renov&rion- Phase two of the renovation ol Lydla House was completed in Spring 2024. following ihe purchase of the building in July 2022 and the completion of the first phase of renovations in 2023. Wo are so grateful to Scott Pannell and ihe ieam of volunteers vtho helped to complete both phase8 of the renovations. Baptisms- it was brilliant to baptise three peopl8 in the s8a at Exmoulh beach in July 2024. Community Events . we organis8d a bonfiro night 8veni in November 2023 and a lolnt carol service with Sl Thomas Patish Church in De¢ember 2023. boih of which were well attended. 2021 Glft Day Funds In 2021 the Grace Church raised £92.903 from offerings and gifts. with edditional gift aid on these offerings and donations totalling £17,356. These funds weie plac8d into restrictèd funds to be split eoually between ihe areas of recovery. family and our building fund, to acquire a building which would serve plimarily as an office space lor our stafl t&am and also provydo gpae8 for mid- week meetings and mini51ries. If foT any reason these purposes cannot be achieved or Sufplus funds are raised. these offerings and gifts will be used to support the ongoing work of the church and will be translerred to the unrestricted funds.
TRUSTEE& REPORT l¢ontirwedl FOR THE YEAR TO 316f AUGUST 2024 Main actibrydes and achiovwn¢nts durry the ye•r {conimedl 2021 Gift Day Funds l¢ontinuodl Significant prooress has been made in deployirbg these fund8- The 'Family' part of the gift day funds was allocated towards ihe 8ngag8m8nt of a Train88 Youth Worker In partnership with South West Youth Ministries In 2022123 and Is currently being used to pay the salary of ouw Children's Ministry Leader. We continued our partnfjrship with ihe work of Co Cre81e during ihe year. £8.228 was given to Co Createlrom the'Recovery' part ot the gift day funds. In July 2022, the Charity eniered into an agreament to acquire 140 Cowick Str8el for £247,500 subject to contract. The acquisition of rhe property was completed in November 2022 and refurbishment wotk was undertaken in two phases in 2023 and 2024. Ch•rlt•blo Givlng As 8 Church we give away 10% 01 our Income to oiher worthy causes. Durlng the perlod under review, we have given £9.500 10 Commission Apo$Eolic Trust Limited. Charitable giving also included.. Tearfund - Middle East Fund £5,000 Co Create £10,000 St8P5 Global £2,000 Exeter Foodbank £2.050 CAP Debt Support at Exeier Network Church £1.200 Ex8ler Universily Evangelicel Christian Union £1.200 Engineering Ministries Int8rnational £700 Teen Challenge Exeter £200 St Christopher's School £700 Souih Wesi Youth Minisirigs £1.500 Hope Church, Plymouth £250 Bridge Books £1,000 ExeteT Community Transport AssocFation £475 S<min8 Trust £117 Individuals £5,295
GRACE CHUIICH EXEtER TrUSTEES' REPORT Icontinu•dl FOR THE YEAR TO 31ST AUGUST 2024 Financial Review The CIO made a surplus of E19.399 in the year to 314t Augusi 2024 Ideficit IOT th8 yeai to 31. August 2023 £25.4781. Total income increased by 5.4°A compared to the previous y8aT with offerings and gifts inereaslna by 2%. Investment income incfeased ¢on$ideTèbly due to higher savings rates and the sale of various items of equipment yielded additional income. Toial expenditure deGrea¥ed by 10.25% compared to ihe previous year with varying increasesldecreases in ihe various expend•ture calegories. Ai the year end the CIO h8d total fund amounting to £580,033 of which £314.150 constituted net current assèts. £19,381 continues to be held in a re$trid8d fund for supporting families and is currently being used to pay the salary of the Children'5 Ministry Leader. A d8signatad fund iotalling £9,233 is held for the refurbishment of th8 new building. Res•N•i Pollcy UnTestricted reserves Inot including ihe d6sionaied fundl totalled £551.419 at the year-end of which £285.536 consiitutes nel currenl ass8ts. This covers more than a year's unrestricted expendilure. In the previous Year end, £217,497 of nei current assets was held at year end. Our reserve$ policy speelfied tha( we would generally seek lo hold Teserves sufficient to cover 5-6 months unrestricted expenditure and that consideration would be given to the further ernployment ol p•rt of the$$ reservès in line wilh our charitable obj8Ctivts$ and purposes. Th8 trust&es have revtewed ihe reserves position of ihe church and taken a numbor of steps to reduce this position, including the appointment ol two further part-time $talf members in September 2024 as part of a strategic deficit budget for the year ending 3111 Augusi 2025. The Iru5tee5 remain inierested in the possibility of acquiring 8 Sunday meeting venue in fuiuie, for which 8ignificani reserves would bg reqvired, in excess of curreni levels. Going forward5, the Irustees have agreed that the charity will 58ek to hold reserves suffici8nt to cover 4 months unrestrictod expendilure. Risk M•Trag•m•nt The trustees have ensured ih8t Insuranc8 cov8r is in plac8 to cover risks and that finan¢g$ aro kept LSnder regular review. The Treasurer of the charity is also a truslee and reports reoularly to th8 tTU$tees as to the charity's ongoing financial status. Appropnate Disclosure and Barring SeNice ¢hecks are made lor all those who work with children. or oiher vulnerable group5, Wlthin the context of the Charily's acliviiies. A Safeguarding Policy is updated annually. Risk assessments are also carried out for all v8nues which are hired to conduct public mgètings, as well as within our office and employment Gontexts. The report was approved bythe Trustees on . and signed on their behalf bv:
INOEPENOENT EXAMINER'S REPORT TO THE TRUSTEES OF GRACE CHURCH ExER I report on the accounts of ihe CIO for the ye8r to 31" Augusi ?024 which ar8 sai out on pages 8 to 16. R•sponslbilities and basis ol T8pt As the ehariiy irusiees of the ao you aTe fesponsible for the preparation of the accounts in accord8n¢e wilh the requirements of ihe Charities AL¢ 2011 I'lhe Au"). Having satisfitsd myself thai ihe accounts of ihe CIO are not fgquired to be audted and afe eligible Ic)r in(Jependeni examinaTion. I report In respect of Iny examination of the CIO'S accounts Carried out tinder seciion 145 01 the 2011 Act and in carrying oul my eMamift8tiOll I have 1011owed 911 thv plicable Oireciions given by ihe Ch8riiy Comm1SSion under section 14515llbl ol Ihe 2011 Act. The charity's gross income oxceeded £250.OCO and l am Qualified TO undertake examinetion by being a quaSlied member of the Associaiion ol Aceounting Te¢hn+¢ians and a Fellow of the Associ8tion of Charity In¢Jependoni Examiners. Ind•p•nd•nt e¥Jmlth•r'# ¥i•i•m•nt I have compleicd rny examinaiion. I confirm thai no m8181ial matters have come to my attention in conn8etlOfl wilh ihe examinatson giving me cauye its helieve thèt in any material respect., accounting records were noi k8PI in respecl of the ao as ru1r8d by seelion 130 of the Acl. OT Ihe gccovnts do rbol accord wilh those records., or the 8ccounrs do noi cornply with ihe applicatye requirements eoneerning the forrn and conient of accounts sei oui in the Cha¥iii¢s (Accounts and Roportsl Regul8tion5 2008 oiher ihan any requir8meni ihai thp accounts give è 'irue 8n¢J laii wew, which Is not a rnalter ¢onsi¢Jeioil ol an independeni exyminaiion. I hove no concerns ¥niJ hove come br.ross no other maners in conneciion with pxaminalion io which ¥tteniion should be dravm ID thi$ report in ordei to enable a proper understanding of the ac¢ounig io be reached. Mr M Cr<>nin MAAT FCIE Bowhill Bookkeeping SeN1* 172 Newman Flo•d E¥elgr EX4 IPQ Dat•
GRACÉ CHURCH EXETER STATEME1 OF FINANflAL ACTrVITIES FOR TtrE YEAR TO 31ST AUGUST 2024 Ye•r to 31•t AugiMI 2024 Y¥Ar to 3111 Augllst 2023 Unr•¥trfeted Funds RestrlGted Fund5 Totsl Fund• Fund• FndS Funds INCOME FR(hM: Oonaiions Investmènt in¢omfr Other income 15 278.624 4.9)7 2.732 276.624 266,611 2.562 253 500 551 267.111 3,113 253 759 In2 TOTAL 284.263 759 269,426 1.051 270,477 EXPENDITURE ON.. Charitatde Ktivities 16 249.913 15.710 265,623 257.753 38.202 295.955 TOTAL 249.913 15.710 2S7,753 38.202 295,956 NET INcOMEIIEXPENDuREl 34.350 1149511 19,399 11.673 137.1511 125,4781 TRANSFERS BETWEEN FUNOS 121,678 1121.6781 NET MOVEMENf IN FUNVS 34,350 19399 133,351 1158,8291 125.4781 RECONCIUATION OF FUNDS.. TOTAL FUhKIS BROVGHf FOFf#VARD 526.302 34.>J2 392,951 193,161 586.112 TOTAL FUTr CARRIED FORWARD 560fi52 s26.? 34,332 560.634
GRAIX IJIURCH EXETER AS AT 315r AUST 2024 At 31" August 2024 At 3151 August 2023 Notr FIXED ASSErs.. Tangible 8sset5 267,066 CURBEPIT ASSETS: Debtors Cash at bank and in hand 21,317 30D294 15,851 282,107 321.611 297,958 LIABILITIES: Amounts fallino due within one year 17A611 14,3901 NET CURRENT ASSETS 314.150 293,568 TOTAL NET ASSErs 580.033 560,634 THE FUNDS OF THE CHAiirrY: R¥stricied Income Funds Unr85tricted Funds D¢sign8ted Fund 19J81 34,332 551.419 9233 505,616 20,686 526,302 TOYAL CHARITY RJNDS 560,634 The notes on pages 10-16 torm an integral part ol these accounts. These accounts were approved by the irusiees or¥ ... behalf by.. and signed on their UJFIKE ftr.'pJ&Tcr Trustee
NOTES TO ThE ANANUAL sfATEMENTS FOR THE YEAR TO 31st AUGUST 2024 ACCOUNTING POLICIES al Basis of Accounting The linancial statements have been prepared under the historical cost convention with items rgcognised at cost or transaction value unless otheise stated In the relevant notes to the accounts. The financial statements have been prepared with the Stalement of R8comm8nded Practice: Aecounting and Reporting by Charities preparing their aecouni$ in accordance wilh the Financial Reporting Standard applicable in the UK and Flepublic of Ireland IFRS 1021 leftÈctivè 1# January 2019) and with the Financial Reporting Standard applicable in ihe United Kingdom and Republic of Ireland IFRS 1021. The financial statements have also b8gn prepared with the Charilies Act 2011 as mended by the Charities Aci 2022. Grac8 Church Exeter meets the definition ot a public benefii entlty under FRS 102. bl Tangiblo FIX AJset5- Propérty Property Lydia House wa8 purchased during the year. The propgrty is being depreciated at 2% per annum OTh a straight line bèsis. el Tanglble FIX Asle. Equlpm•nt Equipment 1$ capitslised at cost where the cost exceeds £500 and depreciation is calculat8d so as to wri18 ofl this cost over ihe effectiv8 useful life ai 25% on a raight line basis. dl Debtors The gift aid debtor 15 recognised and included as income vthen there is a valid declaration from ihe donoi. el Ch •1 bank Cash ai bank includes shon term highly liquid invesimonts vliih a short maturity ofihrtr8 months or les5 from the dat8 of acqLtisilion or openlng ol the deposit or Similar a¢¢ount. Credlton Creditors arg re¢ognF8e<l Ydhen ihe charity has a preseni obligation resultino from è past eveni ihat Vlill probably r8sult in the transfer ol funds lo a third party and thg amount due to settle the obligaiion can be measured or estimated reliably. Creditors are normally re¢ognised at iheir setdement amount after allowing for any trade discounts due. gl In¢om• All income is included in the Statement of Fin8ncial Activities when the charity is leg8lly entilled to the income, relp1 is probable and the amount can be quanlified with reasonable accuracy. Donations are re¢ognised when recebved by or on behaff of the charity. Gift aid tax refunds and the gift aid small don8lion$ heme gre recognised on a receivable basis. Gift aid receivable is included in income when there is a valid declaration ffom the donor. Arly gift 8id arytourrt recovered on a donalion is considered to be part of that gift and is treated as an addition to the same fund as thÈ initial donation unless the donor or the terms of the appeal have specrfied otherwise. hl Volunteer h* The value of any voluntary help received is not included tn th8 accouwits bul 15 d85cribed in the trustees. annLtal reporL io
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 315T AUGUST 2024 ACCOUNTING POUCIES lcontinuodl 11 ExpenditUTe Expenditure is iti¢luded on an accnjals basis. Charitoble activilies are costs incurred by the charity in the delivery ol its activities and services for its beneficiaries. il Fund Accountlng Funds hekl by the charity aTe- Unreslrlrted In¢ome Funds These are fund5 that are not Subjeci to any restrictions règarding their use 8nd are available for application wthin ihe chawitable objècts for ihe general purposes of the chariiy. D•sign•ted Funds These ar8 fund$ earmarked by the trustees for speciftc ptsrpos8s in the fulure. The tTust8e$ have thg POW8r to re-designolt* such funds within the unr8strictgd funds. R•strfrted In¢om• Funds These are funds which can only be used for particular rgstriGted purposes within the objects of the charity. R&siri¢tions arise when spe(xfi•d by the donor or whon th8 lufids ale iaised for particular purposes. l Finan¢lo1 InstNm•nts The charity only has financial assets and li8bllliies of a kind that qualify a$ baslc financi41 ins(rumgnt$. 8asic financial instruments are initially recogni58d at trans8etSon valu& 8nd subsequently measured at iheir settl8rneni value. 11 conewn The trustees considef ihere are no material uncertalntie8 about the charity's ablllty lo continue as a going ¢oncem. LEGAL STATUS OF THE CHARITY The charily 1$ a Charilable Incorporated Organisatlon ICIOI. The liabilily of each member in the event of winding up is limited to £10.
GRACE CHURCH EXEfER TRUST NOTESTO THE FINAN STATEMENTS FOR THE YEAR TO 31- AUGUST 2024 TANGIBLE FIXED ASSErs Fre•hold Property Equipment Totsl COST Brought Forward 1x1 September 2D23 Additions tn the year Disp08al8 in the year 250.943 52.CKJ9 16.097 11.7801 302.952 16.097 11,7801 At 315* August 2024 250.943 66.326 317,269 DEPRECIATION Broughi Fotward 1 September 2023 Charge for the year Charge on Disposals 5.019 5.019 30,867 10.926 14451 35,886 15,945 14451 At 3111 Augusl 2024 10.038 41,348 51.386 NET BOOK VALUE At 31st August 2024 240.905 24.978 265.883 At 31" August 2023 245,924 21.142 267.066 DEBTORS 2024 Gift aid and GASDS tax relunds Other Debtors 19. 14,364 1.487 21,317 15.851 cREoRS. Amounts laHlng du• wlthln y••r Other Creditors AnJal$ 1.350 7.461
GRACE CHURCH EXEfER NOTESTO THE HNANCIAL STATEMENTS FOR THE YEAR TO 31ST AUGvsf 2024 AESTRICTED RINDS FuTrd B8lanc8S Carried Fonvard B•lanc•s Brouglrt Forw•rd Inm8 Exp•nthtyre Covid Support Fund Covid Recovery Fund Supporting Families Fund 475 8.228 25,629 1475 18.2281 17,0071 759 19,381 Total Fund* 34.332 759 15.7101 19,381 The Cov¥d Suppon lund rgprg$ent$ monies given for the support ol individuals fhrouoh the Covid 19 pandamlc. The fund has now been spent. The Covid Recovery Fund was set up in 2021 following generous gift day donaiions. The fund has now been spent with monies given to assist ono organisation in their work po8t p8ndemi¢. The Supporting Families Fund were set up in 2021 following generous 9ift day donation$. Bank interosi has accumulated in this fund Jnd the monies Jre being used to pay the salary of ihe Children's Ministry Leader, in their work with childrgn and families. A balgn¢g of £19,381 is carried lorward to the current year. PREVIOUS YEAR Fund Bllane Brought Forward Incom• Expmditurn Fund Balances rri•d Fov•vard Trènsfers Fund$ Building Fund Covid Support Fund Covid Recovery Fund Supporting Familios FLtnd Youth Work 121,678 475 34.253 36.755 1121,6781 475 8,228 25,629 126.0251 111,6771 551 )0 Totsl Funds 193,161 1,051 138.2021 1121.6781 34,332
NOTES TO THE ANANaAL STATEMEpirs FOR THE YEAR TO 375T AUGUST 2024 ANALYSIS OF FUNDS R•strictod IJ*signat•d Unrostrl¢t•d Funds Funds Funds Total Funds Fixed Assets Current Assets Liabiliiiès.. Due within one year 265.883 292,997 17,4611 265,883 327,611 17,4611 19,381 9,233 Net Asuts 19.381 9.233 551.419 580,033 PREVIOUS YEAR Total nds Funds Funds Fixed Assets Current As$ets Llabiliiigs.. Due wlthin one year 267.086 242.940 14,3901 267,066 297,958 14,3901 34.332 20.686 34.332 20,686 505.616 560,634 DESIGNATED FUNDS The balance of designaied funds 3111 August 2024 tolalled £9,233 for the refurbishmènt ol the new building. CHARITABLE GMNG The Charity made gifts totalling £41,187 during the year. £35.892 was given lo 15 organlsaiions in ihe year. In addition. gifts toialling £5.295 were givtsn io individuals in th& year. 10. EMPLOYMENT COSTS Totsl remuneration for the year amounted to £144.136 lor 5 employees. Gross $alaries amountad to £131,805. Employerfs NIC amounled to £6,899 netof employmont allowance. Pension costs amounted to £5A32. There were no employees with remuneration above £60.000.
GRACE CHURCH EXETER NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR TO 31- AUGUST 2024 TRUSTEES. REMUNERATION AND EXPENSES David Rogers and Daniel Ro8Gh were 8mploy8d by the CIO as pastor and associate pastorfor the year. 80th wBre appointed as trustees of the CIO Irom 1 December 2023. The CIO'S constitution allows ihem to b& remuneraied as long as the majority ol the irusT88S are not being remuneraied. Duting the period from when iheir irtssteeship commenced. David Rogers received a gross salary of £34.805 and £1.722 was paid into a pension fund for him. Daniel Roach received a gross salary of £29.168 and £1.347 was paid into a pension fund for him. David Rogers and Danlel Roach exclude themselves from any truslee meelings where their remuneration is discussed ano agreed. The Irustees, insvrance indudes irU88 indemnity insur8nce. No further r8muneration direclly or indirectly oui ol the funds ol the TTUSI was paid or is payable for the year to any Trustee or to any other person or persons known io be connected lo any of the Trust88s. There were no trustee expenses paid for the y8•r ended 3111 August 2024 nor for lh8 yèar to 31 St August 2023. 12. RELATED PARTY TRANSACTIONS There were no related party transactions for the year ended 31th August 2024. 13, ACCOUNTANCY AND INDEPENDENT EXAMINATION £1,375 was paid to the independent examiner for providing an independent oxamination to the Gh?rily. The 1¥9 included thtr praporgtion of the linal •c¢ounis. 14. OUTSTANDING GUARANTEES The trustees confirm. in accordan¢8 with the Charitable Incorporated Organisations (Generall Flegulaiions 2012, Ihat at the period and ihe CIO did not have any outstanding u8ranlees io third parties nor any debts securod on ossets of the CIO. 15
GRACE CHURCH EXEfER NOTES TO THE FINAN(aAL STATEMEpirs FOR THE YEAR TO 310 AUGUST 2024 Year to 311¢ Augujt 2024 Year to 3111 August 2023 Tot•1 UM•strithd Totsl Fynds F% FurK INCOME FR[.. Dohatioms otferings an(t gittB Gift aid aiid GASDS lax refuTh 223.812 52.812 22312 $2A12 218.523 219.023 48.CQ8 27&624 A624 266.611 267.111 EXPENDMJRE QN.. cha11tab actl¥ttl Ev£nt¥ and Trbining GourE06 Chjritoble GNino Youih & Childr•n'8 work Student & Young Adult work EM0Vent ¢os16 Staff and Voluntegr èxponses SWYM Worker expPr 01ft8 10 8pe•kers Premi5os Hir• IMsuraDCP Offi¢e oveiheads runnino ¢06ts bgcripti0Th5 & Li¢fynce6 R2pairs & fiefiewals Websiie Lknlopmeni Sundry 0XPW$OS Depreciition Profession81 lees £ouTht¢Y & Irthpondani exarn fee 16. 6.127 6.127 41.187 6.4?6 8.476 80.705 8,703 26,025 soo 6.710 167 129.850 9,861 149 3.594 17.91 371 19.Y66 1.539 7*53 167 129.850 io 137,129 7.475 7.fyJ7 144136 7.47S 11.677 11.826 13.e69 13.6 17.993 4.371 19,766 10.3 10,390 7.3 12 14A 1.204 14.498 15.945 15.ys 1.375 1.3 1.2(K) 249J13 1&710 257.753 38.202 295.955