Grace Church Annual Report and Financial Ststements For the Period Ended 31 December 2024
(htkn (kna4n•a Pyot For the year ended 31 December 2024 7. Reference and Administrative Details Page 3 2. Structure. Govemance and Management Page 3 Page 4 Page 4 3. Objectives and Activities 4. Achievements and Performance 5. Financial Review Page 6 6. Policy on Reserves Page 6 Page 6 7. Going Concern 8. Plans for the Future Page 7 9. Statement of Trustees, Responsibilities Appendix A.. Receipts and Payments Account forthe year ended 37 December 2024 Page 7 Page 8 Appendix B.. Statement of Assets and Liabilities as at 31 December 2024 Page 10 Appendix C.. Independent Examinerfs Report Page17
i. Rew OefA Charity Narne: Charity Number Principal Address: Grace Church Corfe Mullen 1193086 36 Hadrian Way, Corfe Mullen. Wimborne, Dotset, BH213XF Trustees: Rev Stephen Utley (Chairl Mr Michael Nash MrAlan Pike Treasur•r Mrs Jennifer Scott Independent Examiner Mr. Martin Arthur FMA4T. FFA, FIPA. MIH, ACIE The Old Post Office. 56 Dofchester Road Lytchett Minster. Poole, BH16 6JE Solicitors Edward Connor Solicitors 10 The Point. Market Harborough, LE16 7QU. Banker&' Bardays PLC Leicesiei. LE87 2BB. Grace Church Corfe Mullen is a registered charity governed by a CIO constitution adopted on 8 December 2020. Primarily, the Trustees are those that hold the Church Offices identified in Settions 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 ofthe members present and voting at a Church Business Meeting in order to be appointed. In addition to this the Trustees added some additional rules for recruitment of trustees. Whilst adding broader scope to the role of trustee. the rules seek to rriaintain the fidelity of the role of trustee. as laid out in the constitution. as far as possible.
- OW The principal purposes of the 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 not limited to: the prevention and relief of need. hardship and sickness-, 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 rea50n 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 Distinctives and Ethical Statements as may be adopted and amended by the Church from time to time. Our main attivities include: Weekly Sunday worship ServIS Bible study groups and prayer ffleetings Family ministry Men's Groups Women's Groups Sports Clubs Evangelistic events and outreach in the community Support for local and overseas mission partners Support for members and families in need 4 aa Pe4•M In 2024, by God's grace. the church has made significant strides following the difficulties and challenges of 2023. It became evidentthatthe opportunity on the Waterloo Estate had come to an end and the elders prayed regarding a way forward. An opportunity then arose forthe Grace Church to move to a purpose-built church building owned by the Central Hall Trust in Corfe Mullen. The trust made an invitation to Grace Church to begin public ministry from the building as of 21 April 2024. granting us a one-year licence to occupy part of the building and use the main ministry areas. The trust agreed to cover all costs of the building including upkeep, maintenance and utilities, making no chargeto Grace Church. forwhich we are grateful to the Central Hall Trust and thank God for his gracious provision through them. Subsequently. we were informed thatthe owner of the building we were using in Plantation Road. Poole. had placed it on the marketfor development. By the grace of God. a door had been opened before it was necessary to move.
eAAO We currently use the building exclusively on Mondays. Tuesdays and Sunday Mornings Iothertimes by consent with other occupants) but. we have been able to establish the ministry of Grace Church and see considerable growth in the work of the church. As well as our regular Sunday Morning worship service and Tuesday Prayer meeting and Biblè Study. we have seen the addition of a Table Tennis Club which is free to access and open to the whole community. We have also stsrted a Men's Breakfast on a monthly basis and there are plans to stsrt a Ladies group. also monthly. We have been able to reestablish our monthly community lunches which are free and open to all. We also held our Carol service at Central Hall and had the largest support from the local community that we have seen in recent years. We also SUPPOrted the local food-bank with a large food donation following the Harvest service and for the firsttime, we supported The Samaritan's Purse with Operation Christmas Child by supplying shoe-boxes packed with gift5. We are thankful for all the people who volunteertime and effort willingly. those who financially support the church and all who are dedicated to praying for the continued work of the Gospel at Grace Church. Grace Church has also seen an increase in regular attendance. with the attendance beginning to increase steadily. In December 2024. Central Hall Trust approached Grace Church and offered us a further ten-year licence to occupythe whole buildin9 as of March 2025. We continue to be part of the FIEC (Fellowship of Independent Evangelical Churches) and we have also strengthened ties with a local grouping of Gospel-centred churches - Wessex Gospel Partnership. The aim is to strengthen and support each other with the shared aims of the Gospel. The trustees also passed a resolLrtion to ask permission of the Charity Commission to change the name ofGrace Church Waterloo to Grace Church Corfe Mullen in orderto reflect the new centre of operation of the church. In summary. atthe end of 2024 the church has had an optimistic year. following a very difficult two years. It is both optimistic and resilienL It is growing ivs mission to support and serve the local community wwth the Gospel of Jesus Christ and continues to advan the Christian fatth, support those in need. and loster a spirtt of fellowship.
s. R Total income for 2024 was £26,379, with total expenditure of £13.696. The church ended the year with a balance of £87,176. Our income was primarily from regular giving by members. with additional income from gift aid. Expenditure included ministry costs, property maintenance, and giving to mission. The trustees aim to maintain reserves sufficientto cover 3 months ofcore operating costs, currently estimated at £25,000 6. Poa*- 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 ofGrace Church Waterloo at an annual rate of £6000 per annum subjectto review. This is currently unable to be reviewed as Trustee's are either ineligible to make financial matters or have a conflict of interest in this regard. It will be reviewed when new trustees are appointed in 2025. Previously. the trustees were looking at the possibility of moving from rented accommodation to a permanent location, and increased the reserve from £5,000 to £25,000 when the budget was set in 2023. As the Central Hall Trust have provided Grace Church with a ten year license to occupy at not cost to Grace Church, this level of reserves will be reviewed again when the budget is set in 2025 and regard will be given to the new factors and change in circumstances. Consideration will be given to future strategy, and any other significant factors that should arise, 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 maintsined for this. All receipts which are designated to be for the savings fund are deposited into this account. At the time of approving the financÉal statement the trltstees have a reasonable expectation thatthe support ofthe Church's bankers and Church congregation will ensure the Church has adequate resource to continue in operational existence of the foreseeable future.
Looking ahead to 2025 and beyond, we plan to: Change the name of the church to Grace Church Corfe Mullen Grow the trustees of the charity Undertake more overt evangelistic activty Increase awareness of the church via publications and online Begin a ladies group in the church Engage further with the immediate communty. Grow the Church leadership Grow the trustees Some ofthese will be planned in 2025 with an eye to 2026 when Grace Church will have increased usage of Central Hall. The trustees are responsible for preparing the trustees, report and financial statefflents in accordance with applicable law and the Charity Commission's guidance. Appendix A: Receipts and Payments Accountforthe year ended 31 December 2024 Appendix B: Ststement of Assets and Liabilities as at 31 December 2024 Appendix C. Independent Examinerfs Report Approved by the tmstees and signed on their behalf by Rev. Steve Utley Chair of Trustees Date: 8 October 2025
36H&drianW.CthmdWSwYTrbD. tknTsrtE1121 3XF Appendix A: Receipt5 and Payments Account forthe yearended 31 December 2024 Unrestrirted Restrirted 2024 Fund5 Funds 2023 RECEIPTS General Offerings Covenant and Gift Aid 19.848 19,848 19,038 5,899 5,899 7,392 Interest Received 456 456 286 Gifts 176 176 Grants Legacies INCOME 26.379 26.379 26.716 PAYMENTS Ministerial Expenses / Conferences / Honorariums 6,420 6.420 6,560 Evangelistic Activities 211 211 186 Premises Hire 1,636 1,636 4,084 Marketing 980 980 100 Catering 531 531 234 Subscription5 548 548 310 Administration (Stationary, church supplies, fuel, sundriesl Casual Expenses Professional Fees. Bank Charges, Insurance, 530 530 121 162 162 122 761 761 654 AV&PA 34 34 170 Grant5 and gifts Subtotal 171 171 1,153 11.948 11.948 13.694 ASSET AND INVEsfMEKT PURCHASES
Equipment 1,712 1,712 Subtotal 1.712 1,712 TOTAL PAYMENTS 13.696 13.696 13.694 Net of Receip/PayMents) Transfers beeen funds Transfers in Fund balances broughtforward Fund balances carried forward £ 74,493 £ 74,493 £ 61,470 £ 87.176 £ 87.176 £ 74.493
eAAO Appendix B: Statement of Assets and Liabiltties as at 31 December 2024 Unrestricted Restricted 2024 Funds Funds 2023 Cash at bank and in hand £ 87,176 £ 87,176 £ 74,493 Grace Church Waterloo Current Account £ 56.400 £ 56.400 £ 44.173 Grace Church Waterloo Savings Account £ 30.776 £ 30,776 £ 30,320 Total Cash Funds £ 87.176 £ 87.176 £ 74.493 Investment Assets Property l Land Assets retained for the Charity's own use Property / Land Movable church furnishings, audio visual equipment, ICT, Kitchen equipment, Youth Equipment 3.232 3.232 2.565 Liabilities Amount due to suppliers 10
Martin Arthur Skye Cottage. 8 Bennett Road, Bournemouth Dorset BH8 8QF Telephone." 01202 621622 Independent Examine¢s Report to the Trustees of Grace Church, Poole. Dorset Independent examinerfs report to the trustees of Grace Church, Poole. Dorset. I report to the charity trustees on my examination of the accounts of the Grace Church, Poole. Dorset (Charity) for the year ended 31SI December 2024. Responsibilities and basis of report As the charity trustees of the Charity. you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the Charity's accounts carrred out under section 145 of the Act and in carrying 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 confimi that no material matters have come 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 otherthan any requirement thal the accounts give a true and fair view which is not a matter considered as part of an independent examination. I confirm that there are no other matters lo which your attention should be drawn to enable a proper understanding of the accounts to be reached. Martin Arthur FMAAT, FFA, FIPA. FFfA, MIH, ACIE. 4th October 2025 arj Arthuris licensed andUlatedbyrhe A&8wabt)n of Accounting TechnACAans to wvide services in accordance wth License No. 2208 detsAls of wlJi¢h displayedèf Ihe rwstererj 8d$S slk)wn below. Cknb Owner." Martin Arthur FMAA T. FFA. FIPA. FFTA. MIH, ACIE