Grace Church Hammersmith
Report and Accounts Year ended 31 December 2024
1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk
GRACE CHURCH HAMMERSMITH
LEGAL & ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 DECEMBER 2024
| ADDRESS FOR CORRESPONDENCE | ADDRESS FOR CORRESPONDENCE | 162 Bagleys Lane |
|---|---|---|
| London | ||
| SW6 2FW | ||
| GOVERNING DOCUMENT | CIO constitution dated 13 April 2021 | |
| CHARITY REGISTRATION NUMBER | 1195190 | |
| TRUSTEES RESPONSIBLE | FOR | Stephen Clark (appointed November 2024) |
| MANAGING THE CHARITY | Christopher Craddock (appointed November 2024) | |
| Robert Ilderton | ||
| Richard Linnell | ||
| Andrew Levy (resigned October 2024) | ||
| Pau Ping Sze To | ||
| BANKERS | Barclays Bank UK PLC | |
| INDEPENDENT EXAMINER | Jaimée Young | |
| Stewardship | ||
| 1 Lamb's Passage | ||
| LONDON | ||
| EC1Y 8AB | ||
| INDEX | ||
| Page 1 | Legal & | Administrative Details |
| Pages 2-3 | Trustees' Report | |
| Page 4 | Independent Examiner's Report | |
| Page 5 | Receipts and Payments Account | |
| Page 6 | Statement of Assets & Liabilities | |
| Page 7 | Notes to the Accounts |
Page 1
GRACE CHURCH HAMMERSMITH
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
Objects of the charity
The charity, which is a church, is governed by a constitution and is constituted as a charitable incorporated organisation. The charity's principal objects, as set out in its governing document, are:
a) to advance the Christian religion in accordance with the subordinate standard of faith as defined in the Book of Church Order of the International Presbyterian Church applicable to the congregation in Hammersmith, West London and in other parts of the United Kingdom or the world.
b) to relieve persons who are in conditions of need or hardship or who are aged or sick and to relieve the distress caused thereby.
Summary of the charity's main activities and achievements
To further the above objects and vision, the charity's main activities and achievements were as follows:
a) God's word was preached from the books of Genesis, Mark, Hebrews, Revelation and Acts during Sunday worship services which have once again seen an increase in attendance this past year.
b) Bible Study covering 1 Corinthians took place once a week in the first two terms of the year. From 1 September two small group studies began meeting on different nights, both going through John's Gospel. This increase in groups allowed for increased participation from church members. A women's Bible study took place once a week on Wednesdays that served women from within the church as well as from the wider community.
c) Gingerbread making event. This was our second year of hosting this event. Around 20 people participated, including around 15 from outside the church who came either through flyering or personal invitations. A gospel presentation was made by our minister and an invitation was made to join us for our Carol services that were starting the next day.
d) Christmas Carol services. This was our fourth year of hosting Carol Services. In 2024, rather than offering one service, we hosted four smaller services over the four Sunday evenings leading up to Christmas. Attendance was encouraging and an increase overall from previous years. More than a thousand flyers were either handed out or distributed through doors in the local area inviting the community to join in this celebration. Traditional Carols were sung along with a sermon from the Bible each week.
e) First Wednesday outreach. We hosted a monthly outreach service on the first Wednesday of each month (excluding January and August). Each service was open to the public and consisted of song and a gospel sermon given by guest preachers.
f) Benevolence gifts were made to those in need the details of which are private, but were overseen by the trustees and made to assist those in the community in financial need. A Christmas offering was taken to support Christians Against Poverty.
In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.
Page 2
Financial review
Compared to previous year ended 31 December 2023, income received during 2024 increased by £48,434, to £74,533, and expenditure increased by £15,736, to £42,901. As a result the cash held by the charity increased by £31,632, to £72,676, all but £172 is unrestricted and can be used for any charitable purpose.
Contributing to the aforementioned increase was a grant from Mission to the World of £17,944 (USD $24,200).
Reserves policy
The trustees have determined that the charity should aim to hold unrestricted cash of no less than £35,000 (which equates to about 10 months of unrestricted expenditure) so that the charity could continue to operate should income and / or expenditure vary adversely. At the year end, the charity held unrestricted cash of £72,504 and the charity is holding additional cash to meet future needs of the charity.
Governance
Responsibility for setting policy and for making operating decisions rest with the trustees who meet to monitor the activities of the charity. Responsibility for the day to day operation of the charity has been delegated to the minister and session of elders. New trustees are recruited and appointed by the existing trustees, by a majority vote.
Responsibilities of trustees
Charity law requires us as Trustees to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year.
We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011.
We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.
Approval
This report was approved by the trustees and signed on their behalf by:
Pau Ping Szeto _________ Pau Ping Szeto (Sep 24, 2025 13:33:50 GMT+8) Pau Ping Sze To
Sep 24, 2025 Date:_____
Page 3
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF
GRACE CHURCH HAMMERSMITH
I report to the trustees on my examination of the accounts of Grace Church Hammersmith ('the charity') for the year ended 31 December 2024 on pages 5 to 7 following.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner’s statement
I have completed my examination. I confirm 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 accordance with section 130 of the 2011 Act; or
-
the accounts do not accord with the accounting records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
J. Young
J. Young (Sep 24, 2025 10:44:12 GMT+1)
Jaimée Young
Stewardship 1 Lamb's Passage LONDON EC1Y 8AB
Date: Sep 24, 2025
Page 4
GRACE CHURCH HAMMERSMITH
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
| Notes Income receipts Donations Gift aid receipts Other grants Other Total receipts Payments 2 3 Total payments Transfers between funds 5 Net movement in funds Cash funds as at last year end Cash funds at this year end A Net of receipts / (payments) before Grants paid in relation to charitable activities undertaken by others Payments in relation to charitable activities undertaken directly |
General Designated Funds Funds £ £ 49,373 - 6,981 - 17,944 - 64 - 74,361 - 39,517 - 3,384 - 42,901 - 31,460 - - - 31,460 - 41,044 - 72,504 - Unrestricted Funds |
Restricted Funds £ 172 - - - 172 - - - 172 - 172 - 172 |
2024 £ 49,545 6,981 17,944 64 74,533 39,517 3,384 42,901 31,632 - 31,632 41,044 72,676 |
2023 £ |
|
|---|---|---|---|---|---|
| General Funds £ 49,373 6,981 17,944 64 74,361 39,517 3,384 42,901 31,460 - 31,460 41,044 72,504 |
|||||
| 23,231 2,840 - 29 |
|||||
| 26,099 | |||||
| 26,564 600 |
|||||
| 27,164 | |||||
| (1,065) - |
|||||
| (1,065) 42,109 |
|||||
| 41,044 |
The notes on page 7 form part of these accounts.
Page 5
GRACE CHURCH HAMMERSMITH
STATEMENT OF ASSETS AND LIABILITIES
AS AT THE YEAR ENDED 31 DECEMBER 2024
| Notes A Cash funds Cash at bank with immediate access Petty cash B Other monetary assets Gift aid due to charity C Liabilities Falling due within one year Fee for Independent Examination Accrued expenses |
General Designated funds funds £ £ 72,497 - 7 - 72,504 - 5,506 - 5,506 - 1,020 - 525 - 1,545 - Unrestricted Funds |
Restricted funds £ 172 - 172 - - - - - |
2024 £ 72,669 7 72,676 5,506 5,506 1,020 525 1,545 |
2023 £ |
|
|---|---|---|---|---|---|
| General funds £ 72,497 7 72,504 5,506 5,506 1,020 525 1,545 |
|||||
| 41,036 7 |
|||||
| 41,044 | |||||
| 6,981 | |||||
| 6,981 | |||||
| 528 - |
|||||
| 528 |
D Assets retained for charity's own use
There are minor items of equipment owned by the charity which have no significant value.
E Guarantees and secured debts
The charity has not given any guarantees and has not provided its assets as security for any liabilities.
The accounts were approved by the trustees and signed on their behalf by:
Pau Ping Szeto _____Pau Ping Sze To Pau Ping Szeto (Sep 24, 2025 13:33:50 GMT+8)
Sep 24, 2025 Date:_____
The notes on page 7 form part of these accounts.
Page 6
GRACE CHURCH HAMMERSMITH
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
1 Accounting policies
The accounts have been prepared on a receipts and payments basis and comprise a statement that shows the charity's receipts and payments, a statement that summarises the charity's assets and liabilities and related notes. The accountancy profession have determined that only accounts prepared in accordance with applicable accounting standards present a 'true and fair' view and, as these receipts and payments accounts have not (and cannot) be prepared in accordance with accounting standards, these accounts do not present (and are not intended to present) a 'true and fair' view of the charity's financial activities and state of affairs.
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.
| 2 Payments in relation to charitable activities undertaken directly Ministry expenses Rent Insurance Independent examination Office costs Other costs 3 Grants paid in relation to charitable activities undertaken by others Grants for: First IPC Presbytery Other small grants to organisations |
Unrestricte | Designated funds £ - - - - - - - - - - d Funds |
Restricted Funds £ - - - - - - - - - - |
2024 £ 1,160 35,362 231 528 298 1,938 39,517 2,784 600 3,384 |
2023 £ |
|
|---|---|---|---|---|---|---|
| General funds £ 1,160 35,362 231 528 298 1,938 39,517 2,784 600 3,384 |
||||||
| 1,678 23,108 212 900 301 366 |
||||||
| 26,564 | ||||||
| - 600 |
||||||
| 600 |
4 Transactions with related parties
No payments were made to trustees or connected persons other than for reimbursement of expenses made on behalf of the charity.
Movement of funds
| General funds Restricted funds Special collections Total funds |
Opening balance £ 41,044 - - 41,044 |
Receipts £ 74,361 172 172 74,533 |
Payments £ (42,901) - - (42,901) |
Transfers £ - - - - |
Closing balance £ 72,504 172 |
|---|---|---|---|---|---|
| 172 | |||||
| 72,676 |
The special collections relate to a Christmas event and these funds were granted to Christians Against Poverty in 2025.
Page 7