Charity registratlon number 1185718
GRACECHURCH BROMSGROVE
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

GRACECHURCH BROMSGROVE
LEGAL AND ADMINISTRATIVE INFORMATION
Tru$tees
Dr J Colèrnan
Mr R Hopkins
Mrs R Dixon
Mr T Prilchald
Mr l Dixon
Miss S Coppack
Charlty number
1185718
Princlpal addrèss
3 Guild Road
Brom5grove
Worcestershlre
B60 2BY
Indèpendent examinér
Colm McGrory
The Oakley
Kiddermin5ter Road
Droifv4id)
Vvorcestershire
WR9 9AY

GRACECHURCH BROMSGROVE
CONTENTS
Page
Trustees, report
Indépendent examinè¢s report
Statement of financial activities
Balan¢e sheet
Notes lo the financAal statèments
8-16

GRACECHURCH BROMSGROVE
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their annual report and financial staternerhts for Ihe year ended 31 March 2024.
The financial statements have been prepared in accordance with the accounting polides set out in note 1 to the
financial slalemenls and comply with the charity's CIO conslitulion, the Charities Act 2011 and "Accounting and
Reporting by Charities.. Siatement of Recomrnended Practice applicable lo charities preparing their accounts in
ac¢ordance with the Finanaal Reporting Standard applicablé in the UK and Republic of Ireland IFRS 1021
leffective 1 January 20191".
Objectivès #nd actlvltlès
The charitable objectives arè 85 follow5..
i} The advancement of the Christian religion in the United lfjngdom and overseas.
ill The advan￿ment for the public benefit of religious and olher education.
iiil Thé ièlief of the siek and disabled.
iv) Such other charitable purposes as the trustees in their absolule discretion think ff(.
When planning our activities for the year. the trustees have complied with their dutie5 under section 1715) of thè
2011 Charities Act lo have due regard to guidance published by the Chaiity CoTnmission's on public benefit and
in particular the specific guidan¢e on tharilies for the advancement of religion. This is achieved through social
support to the elderly and poor, educational courses and régular Sunday rneeling5.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the
¢haiity should undertake.
Aehievements and perfonnanc8
Signiflcant activities
Particular ways in which the objectives have b8en fulfilled incjude..
Ragijlar Sunday afternoon meetings open lo the public and including teaching on the Christian faith.
Educational course5 to leach on the Christian faith (Alpha courses open to the publi¢l.
Involvement in Ghurches Together initialives Such as Street Prayer which are open to everyone.
General prtsvision of social support lo m8rnbers and non-rnembers of the charity.
House groups for members and non-merDber5 of Ihe charity, meeting ragularly for prayer, study and
mutual support.
Specific donations to Charities and individuals working in Churches in Turkey, Uganda and East Afiica.
Specific donations to a family providing medical and practical support at a hospital in Zambia.
Regularly serving the cornmunily with evenis throughout the year whi¢h include assisting local people
and organisations to carry out gardening, painting. litter picking el¢. Also to hold annual events o￿n lo
the general public such as a quiz night, summer BBQ and Christrna5 party.
Weekly soaal group and meal for the Charford community al St Andrews church hal known as Open
Doors which Indudes Bible teaching and activities.
Regular a¢tiwlies for young people, including taking a party lo a summer camp organised by
Newfrontier5 (Newdayl.
Regular provision of meals to the local community, at no charge.
Involvernent, together with other churches in the area, in the PfoMslon of Street Pastors to support
members of the public.
Employment of a Re¢overy Communty Development Worker for onè day a week to build on. and
develop. new and existing structures within the ¢ommunily lo support those with drug and alcohol
addiction. Alongside this we are looking at woiking with others in the setting up of a residential drug and
alcohol'recovery. house in Btomsgrove.
The Charity relies on donations from members of the charity. This income was in line with expectation. There
were no additional fundraising a¢tivi&es.
Grantmaking
Vvhen the budget is sèl, after discussions with the elders and the Iru51ee5, arnounts lo be gifted as donallons to
third pgrti85 are agreed and budgeted for.

GRACECHURCH BROMSGROVE
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Finan¢ial review
The net re5uII for the year was a deficit of £2,821 P023 deficit.. £18.5971. The charty received donations and
legacies. and investment income amounting to £46.57412023'. £43,619) of which £49,39512023.. £62,216) was
spent in pursuit of the charity's objectives. At 31 st March 2024. £19.51812023'. £19,175) was held as rèstricted
funds and £89,68112023'. £92,845) wa5 held as Ljnrestricted funds.
Of the unrestricted funds. 8 significant Sum has been allocatèd to the development of drug and alcohol support
services in Brom5grove. In 2020 we employed a Recovery Community Development Worker for one day a week
to build on, and develop. new and existino structures within the ¢ommLJnity to support those with drug and
alcohol addiction. We continue to do this. It has been successful in forming links with established substance
misusè organisations, receiwng referrals from County service. Group meetings ￿ntInue lo be much needed and
and appreciated, particularly over tha last few years with reduced social contact.
Alongside this we are ILKJking at worklng wth others in the setting up of a residential drug and alcohol ,￿coVery,
house in, or aroLJnd, Biomsgrove. We envisagè that thè need for such support will rernain in the current financial
climate.
Rèservès policy
The charity aims lo have reserves equivalent lo Ihree rnonlhs of average expenses, Currently around £15,000.
This 15 reviewed annually. This level ol reserve would enable Gracechurch lo fulfil ts ongoing cornmitments to its
slalf and agreements to lease and hire facilth'es and continue its nomial operatiny actlvitles should a shortfall in
incorne or unexpected costs arise from lime lo lime.
In determining the le￿1 of resetves, the Trusteès took into account the currently low levels of fixed expendrtuie
and risk incurred by thè Trust. The ¢harity has no invastments other than the bank accounts which are used lo
perform the day to day adivilies.
Risk managèment
The trustees identify the major risks lo which the charity Is exposed each financial year when preparing and
updating a strategic plan, in particular those relating to the operations and finanees of the charbly. The trustees
then review major risks which have been identified, and establish systems lo mitigate those risks. The charity is
salisfie(I that systems are in place to miligate their exposure lo the major risks which have been so identified and
reviewed.
The charity is open lo fhe usual financial risks of any organisalion, and the charity has introduced controls to
minimise these risks, including procedures to prevent Iraud. In addition. the accounts are regularly explained lo
members of the diarity in open meetings where all are Invited. They are open for members inspection al any
lima. The finances are subject lo an independent Accountancy rèview. The charity carries a comprehensive
insurance policy.
Work with children and vulnerable adults is open lo risk. The policy 15 that any visits and counselling is done in
pair5, as is children's work and the transport of these individuals. Vve havè a s3feguaTding policy. Both Elders of
the Church and some of the Trustees have enhanced Safeguarding training Ilevel 2&31. Wè use th6 indèpendènt
training and support organisation Thirtyone.'eight
www.thi
oneei
ht.0
for training and adw¢e when needed.
All workers are required lo bè clgared by the DBS.

GRACECHURCH BROMSGROVE
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Structure. governance and management
The chaiity is a Charitable Incorporated Organisation and is constituted under a Trust Deed dated 19th
September 2019 and is registered with the Charity Commission with number 1185718. The CIO ¢urrently
mploys two members of stalf.
The trustees who served durfng the year and up to the date of signature tsllhe financial ststemenls were..
Mr B Bevins
(Resigned 19 September 2023)
Dr J Coleman
Mr R Hopknns
Mrs R Dixon
Mr T Prilchard
Mr l Dixon
Miss S Coppack
The trustees are appointed on discussi)n befvrfeen the elders and serving trustees. They a￿ signed in as
trustees at the first meeting they attend.
The elder5 are Steve Vincent and Jonathan Colernan who pro￿de spiritual and strategic direction to the Churth.
The trustees meet at least four times a year and the elders and leadership team meet monthly lo discuss an
plan objectives and the implementation thereof. Matters of concein are iaised with all members.
Staff of the charty have delegated authorty to carry out day lo day activities ￿thIn p0￿cleS agreed by the board.
Eeumenlcal Telationship¥
Gracechurch works c105ely with other Christian organisations such as Newfronliers and the Evangelical Alliance
and other churches in the local area.
statement ot trustees. responsibilitie8
The trustees are responsible for preparing thè Trustees. Report and the finan¢i81 statements in accordance with
applicablè law and United Kingdom Accounting Standards Iuniled Kingdom Generally Accepted Accounting
Practice).
The law applicable lo charities in England and Wales requires the trustees lo prepare financial statements for
each financial year which give a true and fair view of the statè of affairs ol the charity and of thè incoming
resources and application of resources of the charity for that year.
In preparing these financial ststements, the trustees are required to:
Select suitable accounting pollcSes and then appty Ihem consislenlly.,
- observè the methods and principles in the Ch8Filies SORP..
make judgements and eslimales that are reasonable and prudènt..
state whether applicable accounting siandards have been foll¢>wed, subject to any material departures
di5elosed and explained in thè financial stalements., and
prepare Ihg financial 5talernenls on the going concern basis unless il 15 inappropriat& to presume that the
charity will Continue in operation.
The trustees are responsible for keeping sufficient accounting iÉcords Ihat disclose with reasonable accuracy at
any time the financial position of the charity and enable Ihern lo ensure that the financial 51alements compty with
the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the tru51
deed. They are also responsible foi safeguarding the assets of the charity and hence for taking reasonable steps
for the prevention and detection of fraud and other irre9ularities.

GRACECHURCH BROMSGROVE
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
The Insstses, report was approved by thè Board ofTrustses.
Mr l Dixon
Truste

GRACECHURCH BROMSGROVE
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF GRACECHURCH BROMSGROVE
I report lo the trustees on my examination of the finanrial 51alemenls of Gracechurch BTomsgTove (the chartyl
for the year ended 31 Maich 2024.
Re$pon5ibilitigs and basis of report
As the trustèes ol the charity you are responsibl& for the preparation of the financial statements in a¢xordance
with the requirements of the Charities Act 2011 (the 2011 Acll.
I report in respect of my examination of the charity's financial statements carried out under section 145 of the
2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity
Commission under section 1451Sllbl of the 2011 Act.
Indèpendènt examinerfs statement
Your attentson 15 drawn to thè fact that the charity has prepared financial staternents in accordance with
Accounting and Reporting by Charllies preparing their ac£x)unls in a¢cordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and
Reporting by Charities-. Statement of Recommended Practi￿ issued on 1 April 2005 which is referred to In the
extant regulations bul has now been withdrawn.
l understand that this has been done in oidei for financial statements to provide a true and fair wew in
accordance with Generally A￿pted Accounting PTaCtic8 effective for reporting periods beginning on or after 1
January 2015.
I have completèd my èxamination. I confimi that no rnatters have come to my attention in conne¢tion with the
examination giving me ¢8use to believe that in any material re5pecl'.
accounting records were not kept in respe¢l of the charity as required by section 130 of the 2011 Act,. or
the financial statements do not accord with those records., or
Ihe financial Statements do not comply with the applicable requirements concerning the fom) and content
of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any rèquirèment
that tha account$ give a true and lair view which is not a rnatter considered as part of an independent
examination.
I have no concerns and have corne across no other matters in connection with the examination lo which
attention should be drawn in this report in order to enable a proper understanding of the financial statements to
be Teached.
Colm McGrory FCA
Ormerod Rutter Limited
The Oakley
Kiddermin51er Road
Droiiwich
Worcestershire
WR9 9AY

GRACECHURCH BROMSGROVE
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestrlctsd R8strictsd
funds
funds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Notes
In¢ome from:
Donations and legaciès
Investm8nts
44,100
1.556
918
45,018
1,556
38.S90
519
4.509
43,099
519
Total income
45.656
918
46,574
39,109
4.509
43,618
Expenditure on:
Charitable activities
48.820
575
49,395
52,676
9.539
62,215
Total èxpènditure
48,820
575
49,395
52.876
9,539
62,215
Net in¢omellexp•ndlturel and
movement in funds
{3,1641
343
12,8211
113.5671
15.0301
118,597}
Reconciliation of fund$:
Fund balances al 1 April 2023
92,845
19.175
112,020
108.412
24.205
130,617
Fund balances at 31 March
2024
89,681
19,518
109,199
92.845
19,175
112,020
The stalemenl of finan¢ial a¢livilies indudes all galns and losses recognised in the year. All income and expendtiure
derive from continuing aclivilies.

GRACECHURCH BROMSGROVE
BALANCE SHEET
ASAT31 MARCH2024
2024
2023
Notes
Flxed assets
Tangible a&%ets
11
1,076
1.133
Currgnt assets
Cash at bank and in hand
111.737
114.432
Creditors: amounts falling due wlthln
one yaar
12
(3,614)
13,5451
Net current assets
108.123
110.887
Total assets less CUFTent liabiliti8
109.199
112.020
Income funds
Restricléd funds
Urirestrfcted funds
Designated funds
General unrestricted funds
13
19.518
19,175
15
50,800
38.880
47.000
89,681
109,199
112,020
3.J.1..12S....
Tho financi81 statements were approved by the Tw*es on..
Mr l Dixon
Trustee

GRACECHURCH BROMSGROVE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng pollcles
Charity information
Gracechurch Biomsgrove 15 a Charitable Incopoialed Organisalion ICIOI with the Charity Commission for
England and Wales. 1115 govemed by a trust deed dated 19th September 2019 and adopted by its members.
1.1 Aceounting convention
The financial slalemenls have been prepared in accordance with the ¢h8rily's Igovèming documentl. tha
Charities Act 2011, FRS 102"The Financial Report(ng Standard applicable in the UK and Republie of Ireland.
I'FRS 102.1 and the Charities SORP "Accounting and Reporting by Chaiilies." Staletnenl of Ré¢ommènded
Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 102)" (effective 1 January 20191. The charity is a Public
Benefrt Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for Charit￿ not to prepare a Staternent of
Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only lo
the extent required lo provide a true and fair view. This departure has involved following the Statement of
RecoThmended Practi￿ for charities applying FRS 102 rather than the version of the Statement of
Recornmended Practice which is referred lo in the Regulations bul which has since been withdrawn.
The financial slalements are prepared in sleding. which is tha lunctional CUr￿neY of the charity. Monetary
amounts in th85e financial slalements are rounded lo thè neamst £.
The financial slalemenls have been prepared under the historical cost eonvanlion. Tha principal accounting
policAes adopted are Sel out below.
1.2 Going concern
At tha time of approving the financial stalemenls, the INslees have a ￿8$Onable expectation th* the ¢harity
has adequate resources lo continue in operational existence for the foreseeable future. Thus the Iwslees
continue to adopt the going concerrb basi5 of accounting in preparing the financial slalernents.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in fvrtherance of their charitable
objectives.
Restricted funds are subject to specffic conditions by donors or grantors as to how they may be used. The
purposes and useg of the restricted funds are set out in the notes to the financial statements.
1.4 Income
Incorne 15 recognised when the charity is legally enlilled lo il after any performance condilior15 have been met,
the amounts can be measured reliably. and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity ha5 been notified
of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in
relation lo donations received under Gift Aid or deeds of covenant is recognised al the lime of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution.
the arnount is known, and receipt is expected. If the amount is not known, the legacy is Irealed as a
contingent asset.

GRACECHURCH BROMSGROVE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng pollcl¢$
Icontinued)
1.5 Expenditurè
Expenditurè is racognised once there is a legal or constructive obligation to transfer economic benefit to a
third paty, it is probable that a Iransler of economie benefits will be required in settlement. and the amount of
the obligation c8n be measured reliabty.
Expenditure is classified by actiwly. The costs of each a¢tiwty are made up of the total of direct costs and
sharèd costs. inoauding support COSts involved in undertakin9 each activity. Direct ￿$1$ attributable lo a single
activity are allocated directly to that activity. Shared costs which contribute lo rnoie than one activity and
support costs which are not attributable to a single activity are apportioned beiween those 8¢1ivilies on a basls
on51Stent with the use of resourees. Central staff costs are allocated on the basis of lime spènt, and
depreciation charges are allocated on the portion of the assevs use.
1.6 Tangible fixed assets
Tangible fixed a58ets are initially measured at cost and subsequendy measured at cost or valuation, nel of
depreaation and any impairmenl losses.
Depreciation is recognised so as to write off the ¢081 or v81uallon of assets less their residual values over their
usaful lives on the following bases..
Fixtures and fittings
Computer equipment
100k. 50¢A straight line basis
20°￿- 33% straight line basis
Thè gain or loss arising on any disposal of an a55el Is determined as thè drfference be￿een the sale
procèèds and the carrying value of the asset, and is recognised in nel in￿me/{expenditUreI for the year.
1.7 Impairment of fixed assets
Al each reporting end date, the ¢harity rethews the carrying amounls of its tangible asse15 to determine
whether the￿ is any indication th8t those assets have suffered an impairment loss. If any such indication
exists, the rewverable amount of the asset is èstimated in ord&r to deterniine the extent of the impaimienl
loss Irf any).
1.8 Cash and ¢ash equivalents
Cash and cash ￿LI1valentS includ& cash in hand, deposits held al call with bank5. olhei short-terrr liquid
investments with original maturitiès of thraa months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in ￿rrent liabilities.
1.9 Employee benefjts
The cost of any unuseil holiday enlitlemant is racognised in the period in which the employee's serwce5 are
received.
Termination benefi15 are recognised Immediate￿ as an expense when thè charity is demonstrably committed
to tèminale the employment ol an employee or lo prowde lermin81itsn benefits.

GRACECHURCH BROMSGROVE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Crltleal accounting estimatss and judgen*nts
In the application of the charity's accounting policies, the trustees are required to make judgements. eslimales
and assumptions about the ¢arrying amount of assets and liabilities that a￿ not readily apparent from other
sources. The eslimale$ and 8ssociatÈd assumptions are based on historical expeiiencè and other factors that
are considered lo be relevant. Actual iesults may drffer from these estimates.
Thè esliwnale5 and underlying assumptions ar& rèviewed on an ongoing basis. Revi510ns lo aceournting
esllmale5 are recognised in the period in whi¢h the estimate is revised where the revision affects only Ih8t
peiiod. or in the period of the revision and future periods whèrè the revision affects both current and future
periods.
Donations and1ogaei¢$
Unrestrictsd Restrl¢t•d
fund$
funds
Total Unrestricted Rest[￿ted
funds
fvnds
Total
2024
2024
2024
2023
2023
2023
Donations and gifts
Non gift aid donations
41,199
2,901
918
42.117
2,901
36,568
2,022
4.S09
41.077
2.022
44,100
918
45.018
38,590
4,509
43.099
Incom• from investments
Unrestricted Unrestrictsd
fund$
funds
2024
2023
Interest receNable
1.556
519
10-

GRACECHURCH BROMSGROVE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
haritable a¢tlvltie$
2024
2023
Stahycosls
Hardship fund
Sundry costs
Church gatherings
General giving
Housing fund costs
Church planling fund
Witnessing costs
Conference and tralning costs
Small gatherings
Newday costs
6.605
350
2.448
2.960
11.470
225
6,605
995
1,613
2,132
13,615
8,544
4,629
2.051
358
5,623
4.673
2.696
694
2.479
34.600
46.165
Share of support costs (see note 61
Share of governance costs (see note 61
13,595
1.200
14.620
1,430
49.395
62,215
Anatysis by fund
Unièslricled funds
Restricted funds
48,820
575
52,676
9,539
49,395
62.215

GRACECHURCH BROMSGROVE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Support costs
Supp¢Yt Governaneè
costs
costs
2024Support costs Govemance
CO515
2023
Stsff costs
Depreciation
Premises costs
Printing and stationery
Lègal and professional
Audi( fees
6,906
741
3.651
1,713
584
6,906
741
3,651
1,713
584
1,200
6,027
1,272
4,512
2,258
551
6.027
1.272
4.512
2.258
551
1,430
1.200
1.430
13,595
1.200
14,795
14.620
1.430
16.050
Analysed between
Charitable aclivities
13,595
1.200
14,795
14.620
1,430
16,050
Governance costs indudes costs incurred to the auditors of £1,200 {2023'. £1,400) for Independent
èxamination fees.
Net movement Sn funds
2024
2023
The net movement in funds is stated after chargingllcrediling)..
Fees payable for the independent examination of the charity's financial
statements
Depreciation of owned tangible fixed assets
Loss on disposal of tangible fixed assets
1,200
741
1,430
1,146
126
Trustees
None of the trustees lor any persons connected with them) received any rgmunèration or benefits from the
charity during the yèar.
Employee8
The average monthly number of employees during the year was:
2024
Number
2023
Numbèr
Employment eosts
2024
2023
Wages and salari¢s
13,511
12,832
12-

GRACECHURCH BROMSGROVE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Employegs
Icontlnuèdl
There werè no èmployèas whosè annual remuneratK)n was more than £60.000.
10 Taxation
The charity is exempl from taxation on its actiwlies because all ils income is applied for charitable purposes.
11 Tangible fixed ass•ts
Fixtures and
ljttlngs
Computer
equlpmont
Totsl
Cost
Al 1 April 2023
Additions
5.192
120
7,814
565
13,006
685
At 31 March 2Q24
5.312
8,379
13,691
Dapreclatton and impaimient
At 1 April 2023
Depieciation charged in the year
4.903
164
6,971
577
11,874
741
At 31 March 2024
5.C67
7,548
12,615
Carrying amount
Al 31 March 2024
245
831
1,076
Al 31 Marth 2023
290
843
1,133
12 Creditors: amounts falling duè within onè
2024
2023
Trade creditors
Accruals and deferred income
1,594
1,951
1.650
3,614
3.545
13-

GRACECHURCH BROMSGROVE
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR YHE YEAR ENDED 31 MARCH 2024
13 ReSlrfetedl￿rtd#
Aloyemgntln fuThd•
Mov•rnqniinfvndi
In¢4Thing
knroThi
1 Aprf12021
1 ApA1242J
ndod
31 MaTch 1024
NoU￿nI fund
cnJr¢h PL3Mry fthidlJwthn 1
Hard7hlplund
18
(2251
11.792
4,953
9,071
18.$441
19951
8.078
7,72
24,205
4.509
19.$391
918
19,518
HtrJSing fjJn&+afurvJ kn pro¥ldesuppDrtfoifulurq housiig ar￿1[dIng praIR￿S
Church pl*ingfuThdlJu￿￿n i-TuThdstO Supwl achuich pknt m s￿￿$910¥e
Hatdship tuna- •fundfaru$e kn MiwoON9and￿¢o￿1r•S￿entl￿rth￿bilrtaltsi

GRACECHURCH BROMSGROVE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
14 Analysis Of n•t assèts belyrfeèn funds
Unre$trlct8d
funds
2024
Restricted
funds
2024
Total
2024
At 31 March 2024:
Tarigible assels
Current asselsllliabililiesl
1.076
88,605
1.076
108.123
19,518
89,681
19,518
109,199
Unrestrictsd
funds
2023
Re$trleted
funds
2023
Total
2023
At 31 Mar¢h 2023:
Tangible assets
Current assetsllliabililiesl
1,133
91,712
1,133
110,887
19.175
92,845
19,175
112,020
15-

GRACECHURCH BROMSGROVE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
15 D8signat¢d fvnds
The unrestricted funds of the charity comprise the unexpended balan￿S of donations and giants which are
not subject to specific ¢ondilions by donors and grantors as lo how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specAfic purposes.
Balancoat
1 Aprll 2022
Transfers
Balance at
l Aprll 2023
TraI￿r$
Balanco at
31 March 2024
Housing fund
Hardship fund
43,000
3.000
1,000
46,000
1.000
3.000
800
49.000
1.800
43,000
4,000
47,000
3,800
50.8CX)
Housing fund- lo prowde support for future housing 01 building projects.
Hardship fund- a fund for use in future Drug and Alcohol residential reha￿litatI￿ seNl¢es.
16 Related paty transaction$
Th￿e were no disclosable related party transaCt￿S during the year12023- none).