GAACE CHURCH UPTON CHARrrY NUMBER 1201545 REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
GRACE CHURCH UPTON CONTENTS AND CHARITY INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2023 CONTENTS Ch8rity Information Report of the Trustees Independent Examiner's Report Receipts and Payments Accounts Statement of Assets and Liabilitle$. Notes to the Accounts Trustees.. Revd jonathan Deja (Chairl Revd Nl¢holas Alexander John Scully Dr N8il Menon Dr Rachel Menon DrAndrewWard Joanne Alderman Joanna Green Madeleine Peston Matthew Kinton (Treasurer) Dr Owen Dawes Revd Arnanda Marriott Governing Document". adopted1211212022. approved 1110112023 and amended 2410312023 Charlty Number: 1201545 Prlncipaloffice: 27 88rringstreet. Upton. Northampton. NN54DD Independent Examiner: Mrs Sarah ASmf(h Msc BS¢ FCCA FCIE MNAVP, Chartered Certified Account8nt and Ind8pendent Examiner Bankers: Metro Bank. One Southampton Row London WC18 5HAWeb: metrobankonline,¢o.uk
GRACE CHURCH UPTON REpoKf OF TrIE TRUSTEES FOR THE YEAR ENDED 31 DECEM8EA 2023 ObjoetiVo$ and Activities The Charity's principal objects. as set out in its ¢onsritution, are .1. the advancement ofthe Christian taith in accivdance wth the B8sis of Faith, and other charitable work for the public benefrt, within {but not limited tol the parish of Duston and Upton in the Diocese of Peterborough: such other charitable purposes as shall. in the opinion of the Chartty Trustees, put into practice the Christian faith in accordance wfth the Basis of Faf(h. including but not limited to: the prevention and relief of need, hard8hlp and slckness; the advancement of education: the provision of facilities in the interests of social welfarefor recreation or other leisure time o¢¢upation of individuals who have need of such fa¢ilities by reason of their youth. age. Intiymity or disablitty. flnancial hardshlp or social ¢lrcumstan¢es, wlth the object of improvlng thelr condStions of life. pr(Nlded that the advancement of such purposes must be undertaken In a manner that Is conslstent wfth the doctrinal distinctives and ethlcal statements. 88 m8y be adopted and am8nded by the CIO from time to time." The vision of the Charity is to share life in Christ, seeingthe wonderful good new5 of Jesus. rescue, which transforms. unites and equips a community. prayerfully shared with au in the Upton area. In planning the aCtltieS of the Charity. theTrustees have had regard to the Charty Commis$ion'$ guidance on public benef it. arKI are satisfied that the actwities m&ntioned in this report have all been for the public benefit. Structure, Governance and Management Gra¢e Church Upton was e8tabkn8h8d as a newchurch in2021. The Charity. which is a Church, was registered as a Charitabl8 Incorporated Organisation on 1110112023.with charity number 1201545. It is a CIO govemed bya Constitution and Rules. The policy and operating decisions of the Charity rest with the Trustees who meet regularly to monitor the activlties of the Charity. The church operates within the Diocese ol Peterborough in the Church of England. In accordance with the Rules trustees may be appointed by a majorty of the existing trustees. There must be at least 3 charity trustees and a maximum of 12. including up to 2 External Trustees who can serve uptotwoterms of3years. Trustees rnust meeta minimum of4tim8S 8 year and a quorum exlsts where 5096 of current trustees are pr8sent. subj8Ct to a rninimum quorum of3 people.
GRACE CHURCH UPTON REPORTOFTHETRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 Church ol England Grace Church Upton continues to exist as an independent CIO. Although it is part of the Church of England's Diocese of Peterborough. and operates with the full support of the incumbent of the parish and ofthe bishop. it does not have a Bishop's Mlssion Order or other means to operat8 in a regularised fashion within the structures of the Church of England. Tho minister. Jonnie Deja. continues to be Associate Vicar at Moulton Parish Church and to receive a Church of England stipend. The vicarage and principal office. 27 Ba¥ring street. 18 owned by the Dioc88e. Grace Church noted with deep sadne83 the House of Bi$hops'drrftt¢)wards denial ofthe historic orthodox Christian faith during 2023. People - We gTrve thanks for each per80n who attends Grace Church Upton including several newcomers in 2023. We seek to welcome 811 lo repeniance aNI falth in Jesus. irrespective of age, physical ability. sexuality and b8ckground. -we gained 72 church membersduring2023. - We lost 3 church members during 2023 leach ot whom b8causethey moved awayfrom the areal. - 3 people wRre baptised In November 2023. - We welcomed zhe arrival of Mark Jackson to be our Trainee Minister inAugust. - Becky Davies. our Children's and Youlh Worker. vEnt on matemty leave In November. - August sawAndrewWard begin 8$ ourthird eider. Sunday5 - We are gratefulto those who seThe on Sundays In so manyways: seen and unseen. formal and nformal. Our sermon5 in 2023 included ser5 on Luke 1-2. Genesis 12-25. John 14-17. Ecclesiastes and 1 Timothy. - thr 2023 we averaged 62 adutts and 25 chlldren on Sunday8.
GRACE CHURCH UPTON REPORT OF THE TRUSTEES FOR THEYEAR ENDED 31 DECEMBER2023 W8 tackled 8 variety of topi¢9 in our'joiningthe Dots. sessions before church on a Sunday moming: sex. marriage and gender: caring for one another." music: and church hi8tory. - Our'loiningthe Dots Kids. children's group continued to growduring 2023, so that in September, we split it into older and younger age groups. Prayer arbd Dls¢lpl•ship - In August we had our thlrd weekend awaywrth &mon Gai88 speakingfrom the book of Jonah. - We continu8d to consult and progress towards beginning Ltfe Groups. - Thank8 to the work of Becty Davles. Matthew and Sarah nton and many others. w8 began to run a regular group for 11-16year olds. Rooted. on a Friday evening. Outroach During 2023, we ran a summer houday club."Epic Explorers.. an October Bright Light8 Parv, and 8 Christmas'walkthrough nalp4it¢ and carolservice. We held the'Hope lOred, and'321' evangeilstic courses In the winter and 8Lrtumn respactively We b&gan a monthly'songs of Pr8lse' outreach at Foxfield's resid8ntial home. which was warmlywelcomed by stsff and residents. For the first time. in early Decemb8rwe 8ang carols around Upton to rai8e awareness of our Chri8tm8s 8vents. We continue to prayfor an oirtpouringof God's Holy Spirit in our area and across our nation for revival. Partnershlp We have partnered local churches of VdriOUS denominations to run a Men's and Wom8n's Conference. We partner with Local churches in the ReNew P8terborough nerk to pioneer. establish and secure healthy localAngiican churches. Flnanclal R•vlow Unrestricted income forthe period was £57.746. Stsrtupfunds of É84.319 were also received. tot81 unrestricted income was therefore £142.065. Total unrestricted expenditure forthe period amounted to £68.574. There was therefore a surplus lor the period ot £73.491.
GRACE CHURCH UPTON REPORTOF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees have designated 10% of unrestricted donated funds to be made available for grants for variou3 projects that are aligned with the charitable objectives of the Charity, with 8 focus on local projects, national Christian ministry. and Intemational missionary work. Therefore, £13,817 was 3et aside for future missions glving in 2024, see note 3 to the Accounts page 11 for th8 calculation. Free reserves at the end of this flnanoial p8riod w8re therefore É59.674. In addition. r88tticted funds v4ere set up to support the costs of aTTainee Minister and the people of Ukraine. Totsl Income to th6 Restricted Fund was £27.143 and expenditure £15.485. Surplus £11.658. See note2to theAccounts. page 11 Expen898 to the Trustees One trustee incurred exp8n8es vthich were reimburned durfng the period, all relatingto the day- to-day charttable activities of the Charity. There is one contract of employment with a related party. who 18 th& spouse of 8 trustee. Detalis are given in the Notes to the Accounts. note 4 page 12. No othertrustee received ary other remuneration from the Charity during the period. as th mlnister ceiVe$ a stipend fromthe Church Commis8ion8rs. The trustees have followed a robust policy reg8rding conflicts of interest arising through this ernployment contract Reservos Pollcy The Trustees have est8blished a policy that a sensible level offree reserves should be maintained to ensure the Chartycan continue to operate rf income is below budget or if unplanned contingencies arise. A'fixed" reserve of 6 months staff costs, rent and parish share should be used as a measure of the minimum requir8d in this event. The trust&es will investigate the possibilities of a higher rate interest account in order to set 8sid8 an amount of £30,000 under this policy. The amount of fixed reseNe will be reviewed annually. Free reserves in excess of £30.000 are regarded as floating reserves. Ythich can be designated foi internal or outreach projects in the future. At 31 December 2023 the fr88 regeN88 totslled £59.674 and 30 reprgsentsd 1.99 times the minirnum.
GRACE CHURCH UPTON REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 DECEMBER 2023 R8spon8ibilltlgs ol Trustees Undor Charlty Law The tru3tees are satisfied that this is entirely appropriate for a young church that is establlshlng priorities for its mission and means that the church is setting outwsth a sound financial base. Inv8stment Pollcy Since the reserves of the Charity are currently in exces8 of the minimum required by th8 Charitys reserves policy. the Trustees have soughtto invest some of the reserves in accordance with the Charity's object8. It Is expected that the ext reserves will be used in the near future, so theTrust88SW88 decided thatth8Chartyshould ensurethe reserves are acces5iblewithin 3 months. and should carry ilttle Fisk. so as to minimise posslbie losses that would hinder th8 outreach WOTk the Charity hopes to do. The Trustees also decided that they would pursue opportunities that saw the Ch8rity'$ resetves used forchristian purposes. in line with the Charity'8 objects and will make final decisions duringthe year to 31 Decemb8r 2024. The charlty trustees are responslble for Preparingthe trustees, annual report and financial statements in accordance with applicable law and United Kingdom Ac¢ountinE standards (United Klngdom GeneraliyAccepted Accounting Prnctice). Charlty law requires the trustees to wepare financial ststements for each year which give a true and fair view of the state of affairs of the charity and of the income and exponditure of the h8rtyforthat period. In preparing the financial statements. the trustees are required to: select sultab18 accounting pollcles and applythern consisterrtly. observe the methods and principles in the applicabl8 Charities SORP. makejudgements and estimatesthatare reasonable and prudent: state whether appCabLe accounting standards have been followed, subject to any material departures that must be disclosed and explained in the tinanclal statements: prepare the financial statements on a going concem basi5 unless itls inappropriate to presume thatthe charitywiu Continue in operation. The trustees are sponsIbLe for keeplng proper accounting records that disclose with reasonable accuracy at 8nytime the financial position ofthe charity. and enable them to ensure that the financial statements comply wth the Charf(ies Act 2011. the applicable Charlties (Accounts arbd Reports} Regulations, and the provisions of the CIO constitution. They are also responsible for safeguardlng the assets of the Charity and taklng reasonable steps for the preventlon and detection of fraud and oth6r Irregularities.
GRACE CHURCH UPTON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 Raspon$lbllltl•s of Trust•es Undor Charlty Law The trustees are responsibleforthe maintenance and integrity of the charity and financial Information included on the charty's websrte in accordance with18gislation in the United Klngdom governing the preparation and dissemination of financial statements. Approval This report was approved by the Trusts8s and signed on their behalf by: Mr Matthew Kinton Treasurer Date: 23 October 2024.
GRACE CHURCH UPTON FINANCIAL STATEMEPtrs FOR THE YEAR ENDED 31 DECEMBER 2023 Independent Examlners Report to the Trustee of Gra Church Upton I report to the trustees on my examlnation of the accounts of grace Church Upton for the year ended 31 December 2023. ResponslbHltles and basis of rert A5 the charFty trustees of Gra Church Upton you are re5ponsibleforthe preparation of the accounts in accordan wlth the requirements of the Charitie5 Act 2011 I'the 2011 Act'l. I report in respect of my examination of the accounts carried out Under section 145 of the 2011 Act and in carrying out my examination of the accounts I have followed all the applicable Dirertions given by the Charity Commisslon under section 145151 Ibl of the Act. Independent examlnerfs statsmert 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 respert: accountin8 records were not kept in respect of Grace Church Upton a5 required by s130 of the Act: or the accounts do not accord with those records. 21 I have no concerns and have come across no other matter5 in connection with the examination to which attentlon should be drawn in this report in order to enable a proper understanding of the accounts to be reathed. Sarah A Smlth (Mrs) Msc B& FCCA FCIE TSA (Oakham) Ltd Temple House 8, Maln Street Cold Overton LEICS LE15 7QA r3 October 2024
io GRACE CHURCH UPTON FINANCIAL STATEMENTS FOR ThE YEAR 11 JANUAftY2023Y031 Otp 2013 Recelpts and Payments Atcount Tolal Fd& 2023 Fund 2023 Retdpls Income from dorTrlons and le8acies fjfftslrom thurthe5 Gts & fees One off thtIOnS Plann1 GTrv¥n8 Gfft dIaX receed Note 2 L434.rKJ io.coJ. 4.rm. 3,(60.Tr) 20. IL434.00 5379. 36,795.C 9.039.00 36,815. ChLwth Groups WeeketNIAwav a)IldTr and Youth: IJTD and R(xtsl 8,77L39 135.Ll) &771.39 13S.C om aLrtreach Summer Hdiday aub InVtMellt Income Bank Intevest 73QC 0.00 730.C 63.44 69. Other Income stsrt up DonaUons Ukralne 5p)rt. transferof lunds 84318.78 3.895.35 i0,(KcK) 94,318.78 3.895.35 Total RéteIpts 169,208.50 Payments Stsff pa5h share pxpen5es Emplcyee and pension Conferences and hospitsl Irsuran Office and promotiDnal mat115 Churth Groups Weekend Away SundaySerri£e Sunday 5ENce= Rent Children and Youth IITD and Roots) Event hire and refreshments Summer Holithy aub Ukrasne. Sukwrt o.(x) 9,332.56 21,991.55 L338.10 31,324.11 l338.10 366.86 72453 IL470.66 1.688.43 113.75 743.74 977.99 1,706.95 152.22 946.70 3505.09 Admlnlstratlon 724.53 IIA70.66 1.688.43 &113.75 743.74 97793 1.706 Outreach 152.22 946.78 Other Start Up Costs rotsl paymrthts 64574AS 14.78 9.11 Total Net recelpts (- expendlture) ll.65&66 85J49.29
li GRACE CHURCH UPTON FINANaAL STATEMEpirs FOR THE YEAR ENDED 31 DKEMBER 2023 Totrl Fund• 2023 Fund 2023 tem mr0 Bank Itant Acce55 Dep)5rtmxthtt Metro 6inkCommunlty knunt È.463.11 76,686.18 Total Assets 85.149.29 Rewv5thted br. Accumulated Fund5 OIJANUARY 2023 Tcid Net re¢•w i.oNpènthbJrel in Y88r At 31 DECE•ABER 2023 ty) 73.463 n,490.63 om 11.658.66 I1,6.6$ 85,149.29 85,IU29 U•bHItI• Tho tn have contrarted to paythe Indepen Examlneras IlOw.. Accounts weparation and Indewndent EXan¥Ort Thls 11 be paid in 2024 790 The th¥ity trnstw tthe de(tedto wrkluce R&tipts amd Pawnents A¢¢tymts uthrthe provisions fDf5mall tharities rlwthan ac¢ruats ac¢our¥ts under the Ststanert of Rerommended Practrre forChafitES, IFRS1021 efFective l january 2019. Rettricted FUnd$we setup to receivedonatvxsfw theTrainee Ministerand to asslst the people of LJkr3ine. A 54HMHryoffund m)Ven the balarLce at 31 Deomber 2023 Isfjlven be. 31 Der 1021 Trthnee Ministei Fur Ukr3ine Fund I7.C.) 10.C63.44 JJ.332.56 ,152.22 7.747.44 3,911.22 Total 27.WA4 11,6xe6 The trustees have desiBnated IO% of donatedfurKls tD be 535baefor8rdnt maknrgto prolects al*ned th the dwritable obiert5 of tharity. Total Uiwe5trlcl•d D¢#wiions Totsl income lunrestrictedl Less Ukrarfietransfer per pa8e 10 142,IAS.( .3,895.35 14,206.51 -389.S4 Dwnated Fd5 at 11 Dec2023 13&169.71 13,816.97 ,673.06 TOTAL UNRESTRicfED FUIKS rn49Q,63 Expendlture wlll In 2024
12 GRACE CHURCH uFfoN FINANCIAL STATEMENTS FOR ThE YEAR ENDED 31 DECEMDER 2023 TIu51•es and Related Partles The charfty has rE[MrSÈd the outofwKkA expewfortvymees attenth orfacilitakng charitable attltIes. Oretrusteewas refunthd £723.12 In the period to 31 Dec 2023. The categorfes ofexpetewere ho5tty and confereKe costs IrKluth8 trj anLI ?ccomodatKtin. re are na other5alarlesorfees yald tDtsu5tee5 OT any otlv rated wf(h the exceptlon olthe yjth and FarrilE5 Worker, Reteco Dae$ th)se spouse. Oa¥les is a trustee. The CDrthrt ofeffland rtS We £21992 in the )Ear to 31 December2023. slued on behamofthEtru5es on 23 Octrthr2024