2024-08-31-accounts - Grace Community Church, Redhill

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GRACE

COMMUNITY CHURCH-REDHILL

Presentedto: Church Council

Grace Community Church-Redhill 29 Gower Road Harley Surrey RH6 BSH

GRACE COMMUNITY CHURCH - REDHILL

REPORT OF THE TRUSTEES FOR THE PERIOD ENDED 31 ST AUGUST, 2024.

The trustees of the charity present their report with the financial statements of the charity for the period ended 31[st ] August, 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.

REFERENCE AND ADMINISTRATIVE DETAILS:

Registered Charity Number: 1182657

Registered Office:

29 Gower Road Horley Surrey RH6 SSH

Trustees:

Mr Yaw Adu Mr Peter Spendley Mr Edward A Mensah

Trustee (Chairman) Trustee Trustee

Independent Examiners:

Kaxton Advisory Ltd Suite 6 The Generator Business Centre Su ey CR43FH

Bankers: Barclay 1 Churchill Place London E14 5HP

STRUCTURE, GOVERNANCE AND MANAGEMENT:

Governance

The church is governed by a Constitution and the Church Council, as defined by the Charities Act 2011.

Membership of trustee board:

The trustees of the charity are also voluntary trustees for the purposes of charity law and under the charity's Constitution are known as members of the Trustees Board.

Induction and training of trustees

All trustees are familiar with the practical work of the church and have undertaken training to support their role.

Organizational structure

The Trustee Board meets quarterly, and a quarterly f dback report is given at each meeting. The head Pastor has the responsibility for the day to day operational management of the church supported by the Assistant Pastor elected by the church.

Risk management

The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Internal control risks are minimized by the implementation of procedures for authorization of all transactions and projects. Procedures and risk assessments are in place to ensure compliance with Health and Safety of volunteers; members; children; and visitors to the church

OBJECTIVES AND ACTIVITIES:

Objectives- For the Benefit of the public

a) To advance the Christian faith in accordance with its statement in such ways and in such parts of the United Kingdom or the world as the Church Council from time to time may deem fit.
b) To relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind including through the provision of counseling and support in such ways and in such parts of the United Kingdom or the world as the Church Council from time to time may deem fit.
c) To advance education in such ways and in such parts of the United Kingdom or the world as the Church Council from time to time may deem fit.

ACHIEVEMENTS AND PERFORMANCE:

Achievements:

a) The church maintained its multi-cultural status. Congregants are made of multi-racial people.
b) Hospital and home visitation for the community (Crawley Open House) and church members.
c) Regular support for Wendy Appeal Trust in Ghana in supporting the underprivileged and needy.
d) Counseling children with problems and various issues.
e) Youth Development Programs in self-confidence and Christian values.
f) Evangelism through the community.
g)[The Church continues to support the members and the community in their spiritual and] physical needs.
h) We provided hampers to members of the community and volunteered to plough snow in adverse weather conditions.
i) Relieving Poverty - We organized free financial health check seminar on money matters within the community.
j[)] Provision of Health Services- We promote positive lifestyle and healthy living by inviting General Practitioner, Paramedic, Mental Health Nurse to educate the members and the community.

FINANCIAL REVIEW:

Church Finances:

The church finance committee was responsible for the financial pla ing during the period. The church was able to raise £171,441 within the period as well as a total spending of £86,828. This resulted in a surplus of £84,613 for the year ending 31[st ] August 2024.

STATEMENT OF TRUSTEES RESPONSIBILITIES

The trustees are responsible for preparing the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice (UK GAAP).

Charity law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with the United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the charitable company and of the surplus or deficit of the charitable company for that period. In preparing those financial statements, the trustees are required to

Select suitable accounting policies and then apply them consistently;
Make judgments and estimates that are reasonable and prudent;
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Charities Act 2011.

They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GRACE COMMUNITY CHURCH - REDHILL

I report on the accounts of the Church for the 12 months period ended 31[st ] August 2024 which comprise the Statement of Financial Activities, the Balance Sheet and related notes set out on pages 8 to 13.

This report is made solely to the Trustees Board in accordance with Section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in an Independent Examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Church and the Church's trustees for my examination work.

Respective responsibilities of Trustees and Examiner

The Church's trustees are responsible for the preparation of the accounts. They consider that an audit is not required for this year (under Section 144 of the Charities Act 2011 (the Charities Act)) and that an independent examination is needed.

It is my responsibility to:

Examine the accounts (under Section 145 of the Charities Act);
To follow the procedures laid down in the General Directions given by the Charity Commissioner (under Section 145(5)(b) of the Charities Act); and
To state whether particular matters have come to my attention.

Basis of Independent Examiner's report

My examination was carried out in accordance with the General Directions given by the Charity Commissioner.

An examination includes a review of the accounting records kept by the Church and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters.

The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below.

Independent Examiner's statement

In connection with my examination, no matter has come to my attention:

I . Which gives me reasonable cause to believe that in any material respect the requirements 1-: '�lto keep accounting records in accordance with Section 130 of the Charities Act ;and I J :Jto prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or

2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

EMMANUEL ASHILEY. ACCA. KAXTON ADVISORY LTD SUITE 6 THE GENERATOR BUSINESS CENTRE SURREY CR43FH

Signed: .J.� .<:t .. �... . . . . . . . ....... .

GRACE COMMUNITY CHURCH - REDHILL STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31ST AUGUST 2024

			2024	2023
	Note	General	Total	Total
		£	£	£
INCOMING RESOURCE
Voluntary Income		171,441	171,441	138,148
Total		171,441	171,441	138,148
RESOURCE EXPENDED	3
Charitable Expenditure
Management and Administration		86,828	86,828	65,961
Total		86,828	86,828	65,961
Net Incoming Resources		84,613	84,613	72,187
Net Movement in Funds		84,613	84,613	72,187
Balance Brought Forward		250,459	250,459	178,362
Transfers
Balance Carried Forward		335,072	335,072	250,549

GRACE COMMUNITY CHURCH - REDHILL

BALANce SHEET AS AT 31ST	AUGUST 2024	------- �2A *�02l.*	------- �2A *�02l.*
Non-Current As et Tangible Assets	Note	1,340	1,326
		1,340	1,326
Current Ass ts Bank (Community Account) Bank (Charity Account)		339,798 339,798	259,085 259,085
Creditors: Amount falling due within 1 year		599	1,198
Net Current Assets		339,199	257,887
Non-Current Liabilities
Loan		5,467	8,664
Net Assets		335,072	250,549
Funds
General		335,072	250,549
		335,072	250,549

Appro[ved by the board Council on •][......][19][/][09][/][2024······················ And signed on its behalf by]

.�\ ��-----------[-] --· ·········

NOTES TO THE FINANCIAL STATEMENTS:

1. ACCOUNTING POLICIES

The financial statements have been prepared in accordance with applicable accounting standards and the Charities SORP.

Basis of Accounting:

The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are show at market value. The financial statements include all transactions, assets and liabilities for which the Church Council is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of church members.

Incoming Resources:

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income.

Gifts donated for resale are included as incoming resources within the activities for generating funds when they are sold.

Income from investment is included in the year in which it is receivable.

Resources Expended:

Expenditure is recognized on the accrual basis as a liability is incurred.

Charitable expenditure comprises of those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

GRACE COMMUNITY CHURCH - REDHILL

NOTES TO THE ACCOUNTS - 31ST AUGUST 2024

INCOMING RESOURCES
		2024	2023
	General	Total	Total
	£	£	£
Voluntar Income
General Fund
Tithe	96,920	96,920	72,159
Ofering	22,994	22,994	39,695
Welfare	8,696	8,696	5,484
Thanksgiving	14,433	14,433	8,794
Donation	2,423	2,423	12,017
Other	25,975	25,975
	171,441	171,441	138,149
Total	171,441	171,441	138,149

GRACE COMMUNITY CHURCH- REDHILL

NOTES TO THE ACCOUNTS - 31 ST AUGUST 2024

3. RESOURCES EXPENDED

3. RESOURCES EXPENDED
		2024	2023
	Management
	&Admin	Total	Total
	£	£	£
Rent	17,150	17,150	6,823
General Travel Expenses	1,744	1,744	841
Miscellaneous	7,070	7,070	503
Social Activities	1,500	1,500	2,611
Instrumentalist	7,445	7,445	6,778
Accounting Services	599	599	599
Pastoral Expenses	10,167	10,167
Media, Advertising & Stationery	8,341	8,341	7,853
Computer Expenses	1,040	1,040	702
Donation	6,569	6,569	6,250
Welfare	12,250	12,250	17,579
Legal & Professional Fees	5,280	5,280	449
Administrative Expenses	7,338	7,338	14,641
Depreciation: Equipment	335	335	331
	86,828	86,828	65,961

NOTES TO THE ACCOUNTS - 31 ST AUGUST 2024

GRACE COMMUNITY CHURCH - REDHILL

4: FIXED ASSETS

Cost Additions Disposal Balance as at 31st August 2024 Depreciation/Rate As at 1st September, 2023 Charge for the year Balance as at 31st August 2024 Net Book Value As at 1st September 2023 As at 31st August 2024 Musical Inst. __ £ 2,806 349 3,155 1,480 335 1,815 1,326 1,340	Total __ £ 2,806 349 3,155 1,480 335 1,815 1,326 1,340