OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2024-12-31-accounts

NG CHURCH NETWORK TRUSTEES’ ANNUAL REPORT 2024 1

Trustees’ Annual Report

(Accompanying Receipts and Payment Accounts)

NG Church Network

PO Box 6393

Arnold

Nottingham

NG5 6GL

Charity Commission Registered Number 1197409

Financial Year 1 January 2024 – 31 December 2024

Principal Contact: John Fahy

www.ngchurchnetwork.org.uk

2 NG CHURCH TRUSTEES’ ANNUAL REPORT 2024

Governing Document

The NG Church Network was formed as a Charitable Incorporated Organisation (CIO) on 13[th] December 2021.

Objectives of the Charity

The objectives of the NG Church Network are the advancement of the Christian faith in Nottinghamshire and the East Midlands or the world as the Trustees may from time to time think fit including through:

Scope

The NG Church Network exists to impact the people of Nottinghamshire and the East Midlands by developing and pioneering healthy flourishing churches. This is achieved through leadership training and joint services. Also we support development projects in other countries where we have built relational links.

Activities and Achievements

2024 has been a year of activity and growth for the NG Church Network.

Joint Services

Each year we gather as whole churches for our combined celebration services. These celebrations strengthen and encourage the individual church members. A children’s and youth work program runs alongside these services.

Leadership Support and Training

Through Senior Leaders Meetings and Growing Leaders evenings the NG Church Network provides extensive support for church ministers and key volunteers. Once per year a 9 week leadership course, NG Leadership Circle, is run to develop leaders.

NG Youth Meetings

2024 saw the launch of our NG Youth Gatherings. Once every two months, young people from churches around Nottingham gather for worship, positive messages and friendship. 50-70 young people, plus 10 volunteers met at our NG Youth evenings.

Financial Review

The total income for 2024 of £39,715. Expenditure for 2024 totalled £34,420. Careful monitoring of charity’s income and expenditure meant that we ended 2024 with a year end balance of £19,432.

Full details of our finances can be found in the accompanying receipts and payments accounts.

NG CHURCH NETWORK TRUSTEES’ ANNUAL REPORT 2024 3

Names of Trustees

Reserves and Investment Policy

The Trustees have established a policy whereby the unrestricted funds not committed should be ideally three months of the resource required.

The Trustees consider the returns on investment to be satisfactory.

Professional Advisers

CAF Bank, 25 King’s Hill Avenue, King’s Hill, West Malling, ME19 4JQ

Andrew Pearson, FMCA Executive Practice, 87 Main St, Newton Linford, Leicestershire LE6 0AF

Grant-making Policy

Grants are made to associated charities with compatible objectives and to individuals with needs that fall within the scope of our charitable objectives.

Review of Major Risks

After a review of the risks the Data and Safeguarding Policy were updated.

Supported Charities

The NG Church Network has existing partnerships with various charities involved in mission work and community transformation both locally and worldwide. In particular:

The King’s Village Ghana

We continue to financially contribute toward The King’s Village in Ghana, enabling the advancement of education and inclusion of their communities. The support is directed through the UK Charity ‘The King's Village Ghana,' charity number 1182366, which then oversees and transfers funds to the Ghanaian NGO. More information can be found at www.tkvg.org.uk

WOW, World of Worth

We partner with WOW to support the Romany community in Bulgaria. This project includes children’s camps, Christmas boxes and local church support.

Assemblies of God

The Assemblies of God in Great Britain is the largest Pentecostal Denomination and serves a membership of some six hundred churches nationwide.

Registered Charity No 1197409

N G Church Network

UNAUDITED FINANCIAL STATEMENTS For the period ended 31 Dec 2024

(A Charitable Incorporated Organisation)

A Charitable Incorporated Organisation N G Church Network

Financial Statements for the period to 31 December 2024 Contents

Page

Contents

Page 1 Charity Information Page 2/3 Trustees' Report Page 4 Independent Examiners Report Page 5 Statement of Financial Activities Page 6 Balance Sheet Page 7 Notes to the Financial Statements - Accounting Policies Page 8 Notes to the Financial Statements (Continued) Page 9 Notes to the Financial Statements (Continued)

N G Church Network Financial Statements for the period to 31 December 2024 Company Information

Trustees John Fahy Chairman Russell Olding Clive Pettifor Kate Kent Julian Bond Address N G Church Network Gedling Road Nottingham NG5 6NY Independent Examiner A Pearson FCMA Exec Practice 87 Main Street Newtown Linford Leicestershire LE6 0AF

N G Church Network Financial Statements for the period to 31 December 2024 Trustees' Report (1)

The Trustees have pleasure in presenting their report and financial statements for the period ended 31 December 2024.

Constitution

NG Church Network is a Charitable Incorporated Organisation, governed by the Charity Commission Model Constitution whose only voting members are its Charity Trustees.

Objectives & Policies of the Charity

(A) TO ADVANCE THE CHRISTIAN FAITH IN ACCORDANCE WITH THE STATEMENT OF FAITH OF THE ASSEMBLIES OF GOD IN SUCH WAYS AND IN SUCH PARTS OF THE UNITED KINGDOM OR THE WORLD AS THE TRUSTEES FROM TIME TO TIME MAY THINK FIT.

Trustees

Trustees of the charity are as follows John Fahy Chairman Russell Olding Clive Pettifor Kate Kent Julian Bond

Subject to appointments at the Annual General Meeting the Trustees shall appoint members and committees to control of the affairs of the charity and may delegate any part of its duties to such committees. Without prejudice to the generality of the foregoing, the Trustees powers shall include the appointment, control and dismissal of all members and staff.

Financial Review

The charity reported a deficit of income over expenditure of £5,295 (2023 £6,012) for the period.

The Trustees are satisfied that the charity has adequate resources to continue operating as a 'Going Concern' for the foreseeable future.

Public Benefit

The Trustees have considered the charity Commission guidance on Public benefit and consider the activities of the charity meet its charitable objectives and provide benefit to the public

Charitable Activities

Overview

THE ADVANCEMENT OF THE CHRISTIAN FAITH IN NOTTINGHAMSHIRE AND THE EAST MIDLANDS OR THE WORLD AS THE TRUSTEES MAY FROM TIME TO TIME THINK FIT INCLUDING THROUGH: • THE PROVISION OF RELIGIOUS MATERIAL • THE RESOURCING OF EVANGELISTIC PROJECTS • THE PROVISION OF CHRISTIAN EDUCATION, TEACHING AND TRAINING • THE PROVISION OF PASTORAL CARE AND OUTREACH WORK

Page 1

N G Church Network Financial Statements for the period to 31 December 2024 Trustees' Report (3)

Reserves Policy

The Reserve Policy agreed by the Committee is to maintain so far as possible 3 months Unrestricted Funds in the form of bank deposits.

Statement of Trustees Responsibilities

The Trustees are required as a charity and under the Companies Act 2006 and Charities Act 2011 to prepare financial statements for each financial year which give a true and fair view of the affairs of the company and disclose the net income or expenditure of the charity for that period and

The Trustees are also responsible for:

Approved by the Trustees on ………………………………… And signed on its behalf by:20th August 2024

John Fahy Trustee (Chair) Julian Bond Trustee

Page 2

N G Church Network Financial Statements for the period to 31 December 2024 Independent Examiners Report

Independent Examiners Report to the Trustees

I report to the Trustees on the accounts of the charity for the period ended 31 December 20234

Respective responsibilities of Trustees and Examiner

The trustees' are responsible for the preparation of the accounts. The Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011(the 2011 Act) and that an independent examination is needed. I am qualified to undertake the independent examination, by being a qualified member of CIMA.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

• follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and

Basis of Independent Examination

My examination was carried out in accordance with the directions given by the Charity Commissioners. An examination includes review of accounting records kept by the charity and comparison of the accounts presented with those records. It also includes consideration of the any unusual items or disclosures in the accounts and seeking explanations from Director Trustees on any such matters. The procedures undertaken do not provide all the evidence that would be required for 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 Examiners Statement

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

Mr A Pearson FCMA

Exec Practice Ltd 87 Main Street Newtown Linford Leicestershire LE6 0AF

Date: 20 August 2024

Page 4

N G Church Network Financial Statements for the period to 31 December 2024 Statement of Financial Activities

Note
Incoming Resources
Donations Gifts & Offerings
2
Gift Aid
Investment Income
Total Income
Resources expended
Charitable Activities
Ministry Resources
Charitable Gifts & Donations
Marketing & Media
Training & Leadership
Bank Charges
Other Costs
Independent Examination
Total Expenditure
Net Income/(Expenditure) for the Year
Accumulated Reserves b/f
Total Reserves		 £
£
£
£
Unrestricted Restricted
Total
Total
Funds
Funds
2024
2023
11,476
28,209
39,685
41,411
-
-
-
30
-
30
38
11,506
28,209
39,715
41,449
12,243
895
13,138
16,153
5,233
14,211
19,444
28,631
500
-
500
378
378
1,717
60
-
60
60
18,414
15,106
33,520
46,561
900
-
900
900
19,314
15,106
34,420
47,461
(7,808)
13,103
5,295
(6,012)
18,787
(4,650)
14,137
20,149
10,979
8,453
19,432
14,137

Page 5

N G Church Network Financial Statements for the period to 31 December 2024 Balance Sheet

Note
Assets
Fixed Assets
3
Current Assets
Cash at Bank and in hand
Less Current Liabilities
Creditors less than one year
Net Current Assets
Creditors more than one year
Net Assets
Reserves
Designated Funds
Unrestricted funds
Restricted funds
6
Total Reserves		 £
£
£
Unrestricted
Restricted
Total
Total
Funds
Funds
2024
2023
-
-
-
-
10,979
8,453
19,432
14,137
10,979
8,453
19,432
14,137
-
-
-
-
10,979
8,453
19,432
14,137
-
-
-
10,979
8,453
19,432
14,137
-
-
-
10,979
-
10,979
18,787
-
8,453
8,453
(4,650)
10,979
8,453
19,432
14,137

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies

Approved by the Trustees on ………………………And signed on its behalf by:20th August 2024

John Fahy Julian Bond

Page 6

N G Church Network Financial Statements for the period to 31 December 2024 Notes to the Financial Statements

1 Accounting Policies

1.1a Basis of preparation

The charity is a 'Charitable Incorporated Organisation'. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)).

1.1b Preparation of the accounts on a going concern basis

The Charity reported a deficit of 5,295 ( 2023 £6,012) for the period ended 31 December 2023. The trustees are of the view, that given the Charity's reserve position, and outlook of support for the next 12 months, that the charity is a going concern.

1.2 Resources Expended

Expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all costs related to that category. Where costs cannot be directly attributed to particular headings, costs have been allocated to activities on a basis consistent with the use of resources. Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure and it is probable that a transfer of economic benefit will be required in settlement of the obligation, and can be reliably measured.

1.3 Donations and Voluntary Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to funds and it is probable that the income will be received and the amount can be measured reliably. Donations and Voluntary Income are accounted for when received.

1.4 Grants Receivable

Grants for immediate expenditure are accounted for when they become receivable. Grants received for specific purposes are treated as restricted funds.

1.5 Allocation of Costs& Restricted Fund Accounting

Costs have been allocated between charitable activity and governance costs Where items involve more than one fund they are apportioned between categories, and apportioned to fund based on the estimated expenditure of resource according to the nature of cost. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The aim and use of restricted funds is set out in the notes to the financial statements.

1.6 Fixed Assets and Depreciation

Fixed Assets for charity use are capitalised at cost, or valuation if donated. Depreciation is calculated to write off the assets. Less their estimated residual value, over their useful lives on the following basis:

FFE Depreciation 10 years straight line basis

Depreciation commences in the year after purchase or commissioning

2 Donations Gifts & Offerings

During the year the charity received the following voluntary income

Bulgaria
Church @
Other Donations Gifts & Offerings
Total		 £
£
£
£
Unrestricted
Restricted
Total
Total
2024
2023
-
-
780
28,209
28,209
15,290
11,476
-
11,476
25,341
11,476
28,209
39,685
41,411

Page 7

N G Church Network Financial Statements for the period to 31 December 2024 Notes to the Financial Statements

3 Fixed Assets

Cost b/f
Additions
Disposals
Cost c/f
Accumulated Depn b/f
Depreciation
Accumulated Depn c/f
Net Book value c/f
4
Stocks
Stocks are valued at the lower of cost or market value
5
Creditors : amounts falling due within one year
Accruals
6
Restricted Funds
Bulgaria
Church @
7
Analysis of Net Assets
Fixed Assets
Current Assets
Current Liabilities
Fund balance		 £
£
£
Equipment
Equipment
Total
Restricted Unrestricted
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2024
2023
£
-
-
£
£
-
-
-
-
Bal b/f
Income
Expenditure
Transfers
Bal c/f
£
780
-
(190)
-
590
(5,430)
28,209
(14,916)
7,863		 £
£
£
Equipment
Equipment
Total
Restricted Unrestricted
-
-
-
-
-
-
-
-
-		 £
£
£
Equipment
Equipment
Total
Restricted Unrestricted
-
-
-
-
-
-
-
-
-
-
-		 -
-
-
-		 -
-
-		 -
-
-
-		 -
2024
2023
£
-
-
£
£
-
-
-
-
(4,650)
28,209
(15,106)
-
8,453
Designated
Unrestricted
Restricted
Total
£
-
-
-
-
-
10,979
8,453
19,432
-
-
-
-
-
10,979
8,453
-
19,432

8 Transactions with Director Trustees & Related Parties

There were no related party transactions

Page 8