**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:
- 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
## **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**
- John Fahy (Chair)
- Julian Bond (Treasurer)
- Russ Olding
- Kate Kent
- John Pettifor
## **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
- select suitable accounting policies and apply them consistently
- make reasonable and prudent judgements and estimates
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business
- observe the methods and principles in the Charities SORP
The Trustees are also responsible for:
- keeping proper accounting records
- safeguarding the charity's' assets
- taking reasonable steps for the prevention of fraud
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:
- examine the accounts under section 145 of the 2011 Act;
• follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- state whether particular matters have come to my attention
## **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
- 1 which gives me reasonable cause to believe that in any material respect the requirements a the accounting records were not kept in accordance with s130 of the Charities Act, or
- b the accounts did not accord with the accounting records, or
- c the accounts did not comply with requirements of the Charities Act, in terms of form and content of the Charities Accounts & Reports Regulations 2008, other than any requirement that the accounts give a true and fair view which is not a matter considered part of my Independent Examination.
- 2 I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached
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