2024-03-31-accounts

Trustees’ Annual Report for the period

From 21.10.2022 Period start date To 31.03.2024 Period end date

Charity name: Grace Church Isle of Wight

Charity registration number: 1200780

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	The purposes of the Church are: the advancement of the Christian faith as a church in accordance with the Basis of Faith primarily but not exclusively across the Isle of Wight, including, without limitation, the provision of public religious worship and teaching, in accordance with the Basis of Faith, of adults and children by an independent church operating on congregational principles; and such other charitable purposes as shall, in the opinion of the charity trustees, further the work of the Church by putting 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 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 reason of their youth, age, infrmity or disability, fnancial 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 in

		accordance with the provisions of the Church Handbook.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	1. Public Worship and teaching ministries that are designed to enable people of all ages, backgrounds, ethnicities and social groups to encounter Jesus Christ and grow in their faith. These include courses and events designed to introduce ordinary people to the Christian faith and to encourage and equip them to live out their faith in their everyday lives. 2. Provision of inclusive and accessible facilities to benefit the local community (Toddler Group, Foodbank, Youth and Childrens groups etc).
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The trustees are satisfied that all the ministries and activities of the church are carried out with regard to the guidance issued by the Charity Commission on public benefit.

Additional information (optional)

You may choose to include further statements where relevant about:

SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other

Achievements and Performance

SORP reference During the period of the report the church was able to offer a range of services and events that were accessed by the church

Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	community and the wider local community. These were found to be both spiritually and practically beneficial across the age range from young children to the elderly. As well as weekly services of worship and courses to introduce the Christian faith, these also included courses in parenting, seminars on environmental care, men’s breakfasts to encourage friendships among men and craft events that women and children found fun and engaging. In particular the Toddler Group continues to provide a forum for young parents and carers to support each other, and the Foodbank continues to feed many in the local community each week. Following the COVID lockdown we reopened the church building to provide two Sunday morning services which have been significantly growing in attendance over the period of this report. In addition we have further developed our online presence with church services being broadcast on a dedicated YouTube channel each week. This has been a great benefit to those in our community who are housebound, unwell or away travelling.

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against objectives set	Para 1.41
Performance of fundraising activities against objectives set	Para 1.41
Investment performance against objectives	Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	At the end of the financial period the Church had a credit balance £15,479.85 in the current account. The Church ad a surplus of £8,547.28p.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	The Trustees policy for holding reserves is to have an accessible amount of 3 times the monthly expenditure in the current and savings account.
Amount of reserves held	Para 1.22	£192,,651.23p

Additional information (optional)

You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including any fundraising)	Para 1.47
Investment policy and objectives including any social investment policy adopted	Para 1.46
A description of the principal risks facing the charity	Para 1.46
Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Church Constitution
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	CIO
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Trustees are nominated for election or re- election by the existing trustees and elected by the church members, in accordance with the provisions of the church Constitution and Handbook.

Additional information (optional)

You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction and training of trustees	Para 1.51
The charity’s organisational structure and any wider network with which the charity works	Para 1.51
Relationship with any related parties	Para 1.51
Other

Reference and Administrative details

Charity name	Grace Church Isle of Wight
Other name the charity uses
Registered charitynumber	1200780
Charity’s principal address	Grace Church Isle of Wight 79 Marlborough Road Ryde Isle of Wight PO33 1AF

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (if any)
	Stephen Bell	Lead Pastor		Appointed bymembership
	Oliver Tucker	Site Pastor		Appointed bymembership
	Daniel Adams	Site Pastor	Appointed 01.09.24	Appointed by membership
	Robert Silk	Elder		Appointed bymembership
	AnthonyHill	Elder		Appointed bymembership
	James Scott	Deacon (church sec)	Appointed 22.01.25	Appointed by membership
	Paul Wade	Deacon(Treasurer)		Appointed bymembership
	Esther Bell	Deacon (women and childrens worker)		Appointed by membership
	Simon Henrick	Deacon		Appointed bymembership
	Stuart Linton	Deacon		Appointed bymembership

– Corporate trustees names of the directors at the date the report was approved Director name As above

Name of trustees holding title to property belonging to the charity

Trustee name	Dates acted if not for whole year
As above

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity

Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects

Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

None.

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Stephen Bell

Position (eg Secretary, Chair of Trustees Chair, etc)

Date 28.01.2025

Grace Church ( Isle of Wight )			Grace Church (Isle of Wight)
Income and Expenditure Account			Balance Sheet
Year ended 31 March 2024			At 31 March 2024
	£	£		£
Income			Fixed Asets
Church Income		45337	Fixtures at cost	911
Gift Aid Reclaim		4385
Interest received		3126	Equipment at cost	1819
Total income		52848
			Total Fixed assets	2730
Expenditure
Payroll	27487		Current Assets
Church events	3505		Bank current Account	13471
Repairs and maintenance	1235		Bank Deposit Account	193651
Premises expenses	2395		Prepayments	1724
Insurances	1033
Telephone	744
Travelling	908		Total Assets	211576
Donations	1361
Visiting minister	618		General fund
Subscriptions	578
Safeguarding	190		Retained Income	203821
Professional fees	2617
Printing and stationery	170		Excess of Income over expenditure	7755
Pension costs	238
Bank charges	228		Retained Income carried forward	211576
General expenses	1786
Total expenditure		45093
Excess of income over expenditure		7755

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report lo the trusteesl members of GRACE CHURCH (ISLE OF WtGHT) On accounts for the year ended 31 MARCH 2024 Charity no lif any) 1200780 Set out on pages )19p nu'Db.ers ol,?rl#Ilioial slee.?s, I report to the trustees on my examination of the accounts of the above charity I'the Trust"} for the year ended 311031202,1. Responslbilities and As the Charity trustees of the Trust, you are responsible for thè preparation basis of report of the accounts in accordance with the reqU1￿MentS of the Charities Act 2011 {'Ihe Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145{5llbl of the Act. I have completed my examination. I confirm that no material matters have come lo my attention I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in order to enable proper understanding of the accounts lo be reached. Independent examiner's statement Signed- Date: 3110112025 Name: Ron Harris Relevant professional qualification(sl or body {if any): Member of the Institute ol Financial Accountants Address: Office 4, 1 Marsh Close, Sandown Isle of Wight p036 8EU Section B Dlsclosure Only complete If the examiner needs lo highlight mallers of concern Isee CG32, Independent examination of charity S￿O￿ntS.. directions and guidance for examiners). IER October 2018