Grace Church Waterloo 36 Hadiian Way, Corfe Mullen, Wimborne, Dorset BH213XF Charrty Registration Number: 1193086 Grace Church Grace Church Waterloo Annual Report and Financial Ststements For the Period Ended 31 December 2023 Grace Church Waterloo 36 Hadrian Way, Corfe Mullen, Wimboffle. Dorset BH213XF Charity Regisiration Number 1193086 Grace Church Waterloo Annual Report and Financial Statements Contents Page Trustees, report Receipts and Payments Account Statement of Assets and Liabilities Grace Church Waterloo 36 Hadrian Way, Corfe Mullen, Wimborne, Dorset BH213XF Charity Registration Nurnber. 1193086 REPORT OF THE TRUSTEES FOR THE PERIOD ENDED 31 DECEMBER 2023 The Trustees presenttheirAnnual Reportand Financial Statementsforthe period ended 31 December 2023. Objectives and Activities The principal purposes ofthe Charity are= the advancement of the Christian faith in accordance with the Basis of Faith, primarily, but not exclusively, within Poole and the surrounding neighbourhood,. and such other charitable purposes as shall, in the opinion of the charity trustees, put into practice the Christian faith in accordance with the Basis of Faith. including but not limited to.. the prevention and relief of need, hardship and sicknes5', the advancement of education- and the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of life,. provided that the advancement of such purposes must be undertaken in a manner that is consistent with the Doctrinal Distinttives and Ethical Statements as may be adopted and amended by the Church from time to time. Main Activities and Achievements Grace Church Waterloo, established to advance the Christian faith within the local community, has been serving the Waterloo Estate in Poole since 2015. The church originally held meetings at the Waterloo Youth Centre while supporting the Youth Club provision under the Poole Borough Council, now Bournemouth Christchurch Poole (BCPI Council. In November 2021, after the Youth Centre was closed for demolition, Grace Church relocated to the Hillbourne and District Community Centre. At the request ofthe BCP Council's Communities Team, Grace Church members played a key role in managing the Hillbourne and District Community Centre, ensuring its continued operation during the challenging period of COVID-19 restrictior)s. This demonstrated the church's commitment to supporting the wider community in difficulttimes. In late 2022, a change in staff at the Hillboume Social Club, with whom the church shared facilities, resulted in instances ot religious discrimination. Due to ongoing challenges and hostility, it became untenable for Grace Church to continue meeting there. In February 2023, following the resignation of Cllr Drew Mellor as leader of BCP Council, a previously agreed £250,000 commitment to develop the site for church and youth services was withdrawn. This heightened the difficulties faced by Grace Church at the time. Although Hillbourne Primary School initially offered a meeting space. the application was later rejected by the Academy Trust. As a result. the church relocated to Waterloo Social Club, just off the estate, though storage limitations forced us to store church equipment elsewhere. The leadership team agreed that this venue would be a temporary solution. Despite these challenges, Grace Church successfully resumed weeklyworship Se￿IceSatthewaterloo Social Club, promoting Chrigtian fatth within the commur)ity. Addition311y, we launched a weekly in- person prayer meeting and Bible study, which saw increased attendance, particularly from those previously unable to participate online. Grace Church Waterloo 36 Hadrian Way, Corfe Mullen, Wimborne, DorseL BH213XF Chaw Regisiration Nurnber 1193086 Grace Church continued its charttable initiatives. awarding cold-weather grants to support the elderly and vulnerable during the winter months. In addition, we provided financial assistance to families in hardship, in collaboration with Social Services, to aid them during times of need. In summary, while the church faced signrficant challenges in early 2023, it has emerged resilient, continuing to grow its mission and seNe the local community. Grace Church remains dedicated to advancing the Christian faith, supporting those in need, and fostering a spirit of fellowship. Guidance from the Charity Commission on public beneEL In the planning of our activities, the elders and trustees of Grace Church have kept in mind the Charity Commission's guidance on public benefit at our meetings. Financial Review At the end of the year, Grace Church Waterloo made a surplus of £13,693.64 and so the total fund5 stand at £74,492.56. Policy on ReseNes The Trustees will consider the level of reserves that is prudent for the Church to have when agreeing the annual budget. The trustees made a decision in 2022 to remunerate the Pastor of Grace Church Waterloo at an annual rate of £6000 per annum subject to review. The trustees are also still looking at the possibility of moving from rented accommodation to a permanent location, and therefore increased the reserve from £5000 to £25000 when the budget was set in 2023. This will be reviewed again when the budget is set in 2024 and regard will be given to varying factors and any change in circumstances. Consideration will be given to future strategy, and any other significant factors that should be taken into account were the Church to close or relocate. The Church also maintains a separate savings fund which is held in a separate bank account and a separate cash book is maintained for this. All receipts which are designated to be for the savings fund are dep051ted into this account. Going Concem At the time of approving the financial statement the trustees have a reasonable expectation that the support of the Church's bankers and Church congregation will ensure the Church has adequate resource to continue in operational existence of the foreseeable future. Grace Church Waterloo 36 Hadrian Way, Corfe Mullen, Wimborne. Dorset BH213XF Charity Registration Number.. 1193086 Structure Governance and Management Legal structure ofthe charity The church is a Charitable Incorporated Organisation, which was registered with the Charity Commission in England & Wales on 12 January 2021. The governing document is a written constitution dated 12 January 2021. The church was previously a Charitable Unincorporated Association and the two merged on 29 April 2021 and all assets and liabilities were transferred to the new CIO. The methods used to recruit and appoint new charty trustee5. Primarily, the Trustees are those that hold the Church C>ffices identified in Sections 9 & 10 of the Constitution. New Pastors/Elders should be identified by the current Eldership and presented to the Church for their affirmation. Elders and Pastors will require a 75% majority of the members present and voting at a Church Business Meeting in orderto be appointed. In addition to this the Trustees added some addwtional rules for recruitment of trustees. Whilst adding broader scope to the role of trustee. the rules seek to maintain the fidelity of the role of trustee, as laid out in the constitution, a5 far as possible. Reference and Administrative Details Legal name ofthe Charity Registered charty number Charity's Principal address Grace Church Waterloo 1193086 36 Hadrian Way Corfe Mullen Wimborne BH21 3XF Grace Church Waterloo 36 Hadrian Way, Corfe Mullen, Wimborne, DorseL BH213XF Charity Registration Nurnber.. l 193086 Trustees The trustees who served during the year and until the date this report was signed were as follows.. Rev. Stephen Utley Mr. Alan Pike Mr. Michael Nash Bankers Barclays Bank PLC Leicester, LE87 2BB. Solicitors Edward Connor Solicitors 10 The Point, Market Harborough, LE16 7QU. Independent Examiner Martin Arthur FMAAT, FFA. FIPA, F￿A, MIH, ACIE Unit 2A The Courtyard Craft Centre, Huntick Road Lytchett Minster, Poole, Dorset BH16 6BA The trustees declare that they have approved the trustees, report above Signed on behalf ofthe charty's trustees on 27 September 2023 STEPHEN UTLEY Grace Church Waterloo 36 Hadrian Way, Corfe Mullen, Wimbome, Dorsel BH213XF Charity Registration Number= 1193086 FINANCIAL STATEMENT FOR THE PERIOD 12 JANUARY 31 DECEMBER 2023 RECEIPTS AND PAYMENTS ACCOUNT Unrestricted Funds Restricted Funds 2023 2022 RECEIPTS General Offerings Covenant and Gift Aid Interest Received Gifts Grants Legacies 19,038 7,392 286 19,038 7,392 286 £ 20,201 29 INCOME 26.716 26,716 £ 20,230 PAYMENTS Ministerial Expenses / Conferences / Honorariums Evangelistic Activities Premises Hire Marketing Catering Subscriptions Administration15tationary, church su lies, fuel, sundries} Casual Expenses Professional Fees, Bank Charges, Insurance, 6,560 6,560 620 186 4,084 100 234 310 121 186 4,084 100 234 310 121 1,051 1,808 121 656 397 521 122 654 122 654 909 AV&PA Grants and gifts Subtotal ASSET AND INVESTMENT PURCHASES 170 1,153 13.694 170 1,153 13,694 400 £ 6,483 Equipment Subtotal TOTAL PAYMENTS 13,694 13,694 £ 6,483 Net of Receiptsl/Payments) Transfers between funds Transfers in Fund balances brought forward Fund balances carried forward 13,022 13,022 £ 13,747 £ 61,470 £ 74.492 £ 61,470 £ 74,492 £ 47,723 £ 61,470 Grace Church Waterloo 36 Hadrian Way, Corfe Mullen, Wimborne, DorseL BH213XF Charity Registration Number- 1193086 FINANCIAL sfATEMENT FOR THE PERIOD ENDED 31 DECEMBER 2023 STATEMENT OF ASs￿s AND LIABILITIES Unrestricted Funds Restricted Funds 2023 2022 Cash at bank and in hand Grace Church Waterloo Current Account Grace Church Waterloo Savin s Account Totsl Cash Funds Investment Assets Pro l Land Assets retained for the Chari 5 own use Prope / Land Movable church furnishin9s, audio visual equipment, I￿, Kitchen equipment, Youth ment Liabilities Amount dueto sup £ 74,492 £ 44.172 £ 74,492 £ 44.172 £ 61,470 £ 31,436 £ 30.320 £ 30,320 £ 30,034 £ 74,492 £ 74,492 £ 61.470 2,850 2,850 2,850 liers STEPHEN UTL CHAIR OF TRUSTEES Si9ned on behalf ofthe Board ofTrustees on Martin Arthur Unit 2A The Courtyard Craft Centre. Huntsck Road, Lytchett Alinster. Poole, Dorset, BH16 6BA Telephone.. 01202 621622 Fax." 0 1202 62/488 Independent Examsner's Report to the Trustees of Grace Church. Poole. Dorset Independent examinerfs report to the trustees of Grace Church. Poole, Dorsot. I report to the charity trustees on my examination of the accounts of the Grace Church, Poole, Dorset (Charity) for the year ended 31st December 2023. Responsibilities and basis of report As the charity trustees of the Charity, you are responsible for the preparation of the accounts in aGcordance with the requirements of the Charities Act 2011 ('the ACV). I report in respecl of my examination of the Charity's accounts carrted out under section 145 of the Act and in carying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examinerfs statement I have completed my examination. I confim that no material matters have Gome to my attention in connection with the examination giving me cause to believe that in any material respect- accounting records were not kept in respect of the Charity as required by section 130 of the Act; or the accounts do not accord with those records: or the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a maiter considered as part of an independent examination. I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached. Martin Arthur FMAAT. FFA, FIPA. FFTA, MIH, ACIE. 21°, October 2024 Ma￿n Arthuris I1(￿nS8￿ al￿ rFgulatedby the Ass(ttation ofAttounting Techn￿a￿S roprovAde senqces in acconjance License No. 2208 detas Off￿ch are displaygdat th8 regthTrd 8dthss slM)wn ￿10￿. Club Owner.. Martin Arthur FM4A T. FFA, FIPA. FFTA. MIH, ACIE