tI.GRACE CHURCH RENDLESHAM Grace Church Rendlesham Reports & Accounts Financial Year Ending 3111212025 Contents Legal & Administrative Details Trustees Report Independent Examiners Report Statement of Financial Activities Statement of Financial Position Statement of Cash Flows Notes - Accounting Policies Notes- Analysis of Income & Expenditure Notes - Analysis of Net Assets Beeen Funds Notes - Other - Created using ExpensePIus
Legal & Administrative Details Charity Name: Grace Church Rendlesham Charity Number: 1202945 Charity Address.. Mill Lane The Common Tunstall Woodbridge Suffolk IP12 2JR Trustees.. Davtd lan Rushbrook Stuart Mark Whayman Matthew Bryan Oliver Gavin John Oliver Key Management Personnel.. David lan Rushbrook Stuart Mark Whayman Matthew Bryan Oliver Gavin John Oliver Name & Address of Primary Banker: The CcFOperdtive Bank P.0. Box 250 Dem House Southway Skelmersdale WN8 Name & Address of Solicilor. Wellers Law Group 65 Leadenhall Street London EC3A 2AD Independent Examiner= Thomas Steed ACCA 104 Osprey Drive Stowmarket SLrffolk IP14 SUX
Trustees Report Objects of the charity The purposes of the church are: Th8 advancement of the Christian faith in accr)rdan with the basis of faith and with Particular Baptist principles primarily but not exclusively within Rendlesham, Suffolk and the surrounding neighbourh(JJd: and such other charitable purposes as shall, in the opinion of the charity trustees, put into practice the Christian faith in accordance with the basis of faith, including bul 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 soctal welfare for recreation or other leisure time (UpatIon of individuals who have need of such facilities by reason of their youth, age, infimiity or disability. financial hardship or social circumstan$ with the object of improving their conditions of lrfe. provided that the advancement of such purposes must be undertaken in a manner that is c£)nsislenl 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 charltys main activilles and achievements To further the above objects and vision. the charity's main activities and achievements were as follows.. At the end of 2024, our Assistant Pastor moved to a Senior Pastor role in another church. We see this as part of our role in supporting the wider church. We have been looking for a replacement during 2025, and a suitable candidate was identified at the end of the year. They should hopefully be joining wth us in early 2026. Over the course of the year. attendan al our Sunday morning services has increased so that the yeady average is nowmore than 90/0 higher than 2024 and more than 14% higher than pre-COVID, continuing the in(xease that we observed towards the end of 2023. In addition, Church memb8rship is now 20% higher than 2024 and 25Yo higher than Pre COVID This increase over the year has included: 7 baptisms and another 4 new members. We are very grateful to God for all these increases. Attendance al our regular Home Groups and Prayer Meetings has remained steady and our youth groups have grown. These increases have resulted in both the meeting spaces and carpark at the Primary School being at capacity on occasions. This has reminded us of the need for a meeting place of our own in the nOt-tOdistanl fLrture. The planning appli(xtion submitted in July 2023 has still not formally been considered by the local authority planning department. We are hopeful that a decision will be made in 2026. Although our moming servi$ are now held in Rendlesham School, we are keen to meet in other places as well. At present we still hold a carol Servi in Sudbourne village and monthly services in the local care home. Our regular weekday activities have continued with a good number of volunteers taking on most of the responsibilities for these. We get approximately 70 adults and 70 children to these events
which include: Women's Fellowship (informal Servi for ladies) Coffee Cake & Chal (social group for all with provision for toddlers}, Coffee Craft & Chat (social craft group), Coffee Moming (social group for all with provision for toddlers). Friday Club (for primary school age children), Youlh Group (for secondary school young people) and a dad's and children Sla1 group. With the exception of our Youth GroLtps mentioned above. numbers at the rest of our activities held outside of Rendlesham have remained static compared to recent years. This is due both to the remote locations of our existing buildings and the fact that our buildings are nearing capacity. We are still hopeful that a new building in Rendlesham will enable ijs to increase this provision and make attendance much easier. In addits'on to our weeklylmonthly activities we also ran a series of onfroff events during the year. These ranged from intemal social events to strengthen relationships within the church through to sponsoring and being involved with the Rendlesham Show which had over 3(K)O visitors and Ihe Campsea Ashe VE Day Celebrations. In between, we have held breakfasts, a clay pigeon shoot, a carpet bowls evening, a quiz night, a Holiday Bible Club and a village Easter Event. All aimed at welcoming those outside the church into the church community and lo hear the Christian message. Through these events, many hundreds of people from Rendlesham and the surrounding villages have come into meaningful contact with Grace Church. We have also been looking to strengthen links wilh Rendlesham Parish Council to support them in theirwork within the village In planning these activities, the trustees have applied the guidance on public benefit issued by the Charity Commission. Safeguarding Statement As a church. we arevery avRre of our contsct with and our responsibilities towards children and vulnerable adults. Our Safeguarding Policy was reviewed during 2025 ar7d all our volunteers and staff who work with children and vulnerable adults received safeguarding refresher training from our DSL in the autumn. Our DSL has had no issues lo investigate. In planning the activities, the trustees have applied the guidan on public benefit issued by the Charity Commission. Structure, Govemance and Management As per the Constitution adopted by the members of Gra Church Rendlesham on 13th of March 2023. The Iruslees are responsible for setting policy. determining the parameters within which the charity should operate. and making operational decisions. The trustees meet regularly to monitor the activities of the charity. Responsibility for the day-It>day operations of the charity has been delegaled to the Elders and Deacons. Financial Review Overview.. The financial year ending 31st December 2025 producEd a signifi(xnt surplus, driven primarily by pledged giving, increased donations and the extraordinary income received from the sale of SudboLsme Baptist Chapel. Total funds have increased from £1,603.769 to £1,825,584, strengthening the church's financial position as it l(K)ks towards securing a pemianent building in Rendlesham
Income Summary: Total income for 2025 was £517,566 more tharT doubling the prior year (£230,905). Key income streams included pledged giwng, donations & Gift Aid (£230,861), Bank Interest {£31,1111, Propety Rental {£10,260), and extraordinary income of £239.351 from the sale of Sudbourne Baptist Chapel. Expenditure Summary: Total expenditure for the year was £295,751. Major expenditure included staff costs were £45.534 which were less than the prior year {£61,003} due to the Assistant Pastor role becoming vacant. Premises costs fell to £28.962 from prior year {£35,119) and depreciation increased because of the disposal of Sudboume chapel and recognition of accumulated depreciation {£167,284). Surplus for the Year: The church reLX)rded a net surplus of £221.815, mPared with a surplus of £86,149 in the previous year. Balance Sheet Positlon: The total net assets stood at £1,825,584 Current assets totalled £1,234,302 (Primarily cash holdings). Fixed assets totalled £591,360. reduced due to the sale of Sudboume Chapel. Accounts Re1vable from Gift Aid stood al £1.459 and Liabilities remained minimal at £78. Funds Position: Unrestricted funds closed at £1,782.428, Restricted funds at £43.156. No funds were in deficil during the year. Other Notes: Staffing reduced lo an average of 1 employee, Independent Examinalion identified no concerns. Donations of £25,000 (2024: £20.000) were received from Trustees during the year. Summary & Looking Forward: Throughout 2025. we have witnessed God's abundant faithfulness in meeting the needs Of Grace Church Rendlesham. Our income far exceeded the budget, with pledged giving. unexpected donations and a one-off building sale contributing lo a significant surplus. Expenditure remained well controlled ensuring that resources were used to sustain ministry, extend outreach within the community, and strengthen our resetves as we continue to explore the possibility of a new building in Rendlesham - this will allow us to better serve our growing congregation and the wider community. As we look ahead we continue to trust God to guide and provide as we pursue this vision. Funds in Deficit No funds have been in deficit Reserves Policy The charity aims to hold a minimum of £40.000 (which is approximately three months of expenditure) as unrestricted czsh. so that the charity could continue to operate should income and l or expenditure vary adversely. At the year end. the charity held unrestricted cash of £1,189,137. Responsibilities of Trustees under charlty law The trustees are responsible for prepartng the trustees. annual rew)rt and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practi).
Charity law requires Ihe trustees to prepare finanaal statements for each financial year which give a true and fair view of the state of the affairs of the charity as al the balan sheet date and of its incoming resources and application of resources. including income and expenditure. for the financial year. In preparing these finanaal ststements. the trustees are required to: select suitable accounting tKJlicies and apply them consistently- 2. observe the methods and principles in the Charities SORP: make judgetnents and estimates that are reasonable and prudent. state whether the applicable accounting standards have bn followed, subject to any material departures disclosed and explained in the financial statements., and 5. prepare the financial statements on a going concem basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonatAe accuracy at any time the financial position of the charity and enable them to ensure that the financial statements Gomply with the Charities Act 2011 and the Charity (Acrounls and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable sleps for the prevention and detection of frdud and other irregularities. Signature This report was approved by the trustees, and is signed on their behalf by: &gnaluTe Da.. zoz
Independent Examiners Report I report to the trustees on my examination of the accounts of Gra Church Rendlesham ('the charity'} for the year ended 3111212025. Responsibilities and Basis of Report As the trustees of the charity you are responsible for the preparation of the accounts in accordanc6 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 oul my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5}(b) of the 2011 Act. Indep8ndent Examiners Quallflcation I confim that l am qualified to undertake the examination because l am a member of the Association of Chartered Certtfied Accountants, which is one of the listed bodies. Independent Exarnlnetrs Staternent I have completed my examination. I confimi that no material matters have come to my attenlion In connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in accordan with section 130 of the 2011 Act,. or 2. the accounts do not accord with the ac£ounting records. I have no concems and have come across no other matters in mnnection with the examination lo which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Independent Examiner's Detalls Name: Thomas Steed ACCA Address: 104 Osprey DrNe stowmarket Suffolk IP14 SUX Name
Statement of Financial Activities DonaiioD5 & Lry¥(afja 219,136 11,725 7&).861 2d,1( Inv8StmBnts Td9 10.260 10.2PA> .351 239,351 Total In(xvning fft8oufi 499,857 17,7( $17 586 230,W5 Charitable Acbwips 7.151 295,551 144.756 Raisiry Fund8 Go¥Em8fKe Cost8 PPDri Other rolal re20urcv3 LPS 7.151 295.751 144,756 Fund Tr¥nsfers In Fund Transfefs (NJI Invesbnent Gain5 L05ses} A5581 Revaluabon 758.643 221 Tolal FuS Brought F(?ard 32.598 1.FA)3.769 758,977 GBnEral Fund lun$t11) 1,741.163 1.741,163 1.529.657 Building Fund (ResllicJ} 40,012 40 012 29,282 Re5erve5 IDesignaied} Bpnevokn(x Fur Ignad} 1,2 1.514 Youth (Restnciedl 287 Swal Apppgb IResthcted}
Statement of Financial Position Pdtsf Y CJrTeDI AsseLs 1 189.137 43.115 1.232,251 845,12S Accounls 1.41B 41 1,459 PpaYents 592 TolAI 1.191.146 43 156 1234,>)2 845 125 Non-currtni As5eL5 Fixed ltssots 591, S91.360 758,644 Inve5knÈnts Totsi 591360 758.644 Cuir&nÈLtrAlir LÈtKsnls Pay& 7B 78 D@f8Y8d Income Total 3_ Lo19 Tenn Loan l rtgag Cu"rei A5£els 1 234 124 645 t2b R•pres•ntedBy Fund IUnrestriri1 1.741.1&1 1.74t.163 1.S29,657 Buildiry Fund IResirictedl 40.012 40.012 29.282 ReseNes (Designated) 40.( 40.ts)0 40.000 Bongvol8nc& Fund I0&&9ladI Youlh Wotk (Reshctedl 1.265 t.514 99 287 Sp8cial Appga15 IFle*riciedl 3.044 3,029 Signature These accounts have been approved by the trustees, and are signed on their behalf by". TW 19 RdSHBEo&4- 8ignatyre 29
Statement of Cash Flows Nei SurKIu5 Idefi¢FI} 221.815 Adjtssiments For.. FIXed A55el Deveckl 167.284 Less Invest Gains count8 Receiv3WÈ DptXEase Prepawnents DEC Accounis Payable Inrr8a¥e Defeed Inc0Th Increase Less Inre51 Rerni¥ed Less Sale of elS Less As5el Revaluation Loan Inlere51 Paid Inieresl Re(yv•J Sales of Assels LS Purr.hase(JT Aseels Reium of Investts Le55 N%Jney In¥e81 Loans Re1Ve4 Less Loan RePaYts Less Loan Intere5l Paxl .71 Cash a1 slart o perDd 845 123, Repr050FJt8dBy.- 08neral Fund Iunrpslnctdl 1.147.8r2 Buildiry Fund (Resknctedl 39.971 Reserves IDe¥ignatedl YoLrthWork IReslrnc18dl Special Appea4 IR051rithdl
Notes - Accounting Policies Basis ot Preparation These financial slatemenls have been prepared in accordance with the 'Statement of Recommended Practice.. Accounling and Reporting by Charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ('the Charities SORP'}, with the Financial Reporting Stsndard applicable in the United Kingdom and Republic of Ireland ("FRS 102°) and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102. The principles adopled in the preparation of the finanal statements are set out in the accounting policies below. Going Concern The Trustees consider Grace Church Rendlesham a going concem at the date ft)r approving the accounts. There are no material UnrtaIntieS that the charity can continue as a going concern for the next year. Key Risks & Uncertaintlès The charity is exposed to various risks. including operational, financial and reputational risks. The trustees review the charity's actiwties regularly to identify significant risks and, where possible. they take appropriate measures to miligate those risks. Fund Accountlng Unrestricted income funds comprtse those ftjnds vA)ich the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted ftjnds indude (Jesignaled funds where the trustees, at their discretion, have set aside reSoUrS for a specific purpose. Restrtcted funds are funds which are to be used in accordan with specific restrictions imtosed by the dor or the temi of specrfic appeal. Further explanation of the nature and purpose of each fund is induded in the notes to the accounts. Incoming Resources All incoming reSoUrS are recognised once the charity has entiuement to the resources. it is probable that the resources will be received, and the monetary value of incoming resources can be measured with sufficiènl reliability- A]1 voluntary income from members of the charity are recLN3nised as donations and are included in full, with associated Gtft receivable in the Statement of Financial Activities. Grants where entttlement is not conditional on the delivery of speGtfic perf0mlan by the charity are recognised when the charity becomes unconditionally entitled to the grant. Income resources trom charitable trading aclivities such as the letting of the building are accounted for when invoices are drawn up (as at the px)int of entilement). Donated ServIS and facilities are included at the value to the charity where this can quantified.
Gifts in Kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Volunteer time, Ihe value of voluntary SUPFK)rt for the work of the charity, is not included In Ihe accounts but is described in the Trustees Annual Report. Inveslmenl Income is included in the accounts when receivable Resources Expended Expenditure is recognised on an accrual basis as a liability is incued. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay oul the resources and the amounl of the obligation can be measured with reasonable rtainty. Govemance Costs Governance costs include costs assrKiated with the independent examination of the financial slatements. compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the tharity. Govemance Lx)sts are shown wilhin 'Analysis of Expenditure. note. Liability Recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out reSoUs. Tangible Fixed Assets Assets over the value of £500 are capitalised. Depreciation is provided on tangible fixed assets at rates calculated to write off the cost of an asset, less its estimated residual value, over the expected useful economic life of that asset, as follows: Freehold property- Not depreciated Musical and Technical Equipment - 5 years on straight line basis Office and computer equipment- 5 years on straight line basis Furniture, fixtures and fittings - 5 years on straight line basis In view of the maintenance programme in place which aims to keep the building in gcK)d condition, the trustees consider that any depreciation of freehold property would be immaterial and accordingly no provision has been made. The carrying amount of the freehold property is reviewed annually for impairment by Ihe trustees. Pensions The charity operates a defined contribution pension stheme. Contributions are charged to the statement of Financial Activities as they become payable in accordan with the rules ol the scheme.
Operatlng Leases Rental charges payable under operaling leases are charged on a straight-line basis over Ihe terms of the lease. Taxation The charity is exempt from tax on its charitable activit'es. Judgements and Key Sources of Estimation The trustees do not consider that there are any material sources of estirnalion or UnrtaInty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabililies in the next reporting pericd. In preparing financial statements rtain judgements, estimates and assumptions have to be made that affect the amounts recognised in the financial statements. The trustees consider the following to be significant: The annual depreciation charge for property, plant and equipment is sensitive lo changes in the gstimates for usefvl economic life and residual value. These estimates are reassessed annually and, when necessary, adjusted lo reflect current orcumstances. The constructive obligation for grants payable is based on an assessment of the likely duration of the supported aclivity. This estimate is re-assessed annually and the obligation is adjusted lo reflect current expeclations. Concessionary Loans The charity initially recognises and measures concessionary loans at the amount received or receivable. Thè carrying amount is adjusted in subsequent years to reflect repayments and any accrued interest.
Notes - Analysis of Income & Expenditure Anatysis of Income Current Year 15Komir¥ Re%r¢•5 DOnaon$ M,948 .t29 43.13 Grants Fledggd Giving 134 OS9 8717 142.775 ChoTltabf•.Athstkn Eveni Incwe Bank Inkre61 PropertyRefjtal Renia Ineome t02 10,260 Sales Othor Incom& 239 3S1 239 351 Total cOM1T r0.jS 493.8S7 IT70U 51T.566 Prior Year Donatiotk% & L8gacia5 Donalwjns 24 213 27.681 Gifl Aid 42.165 Grdnts Pledged Givi t23 132.2 Event Incomg Bank Interest 18.*5 18.S95 Properfy Rert 10.201 10.2ts1 Rtal Sal Other Into 21T.474 13.431 230.905
Analysis of Expendilure Current Year Activityes 11.939 12.127 7.274 7.274 ii6ing Bank Charges DepreCiaan 167.284 167.284 E1 Costs 3,817 3817 fts Givgn 16,7fj6 6.443 23,209 Olh81 ExFEndilure 6.7T4 7,294 Prérni89S 28 962 28,962 Staff Costs 45 534 455 GranCe Cos15 2LY) 2(K) Total UBed 7151 295,751 Prior Year 2,038 24,380 Admin A¥81ng Bank Charges OPPlali0n Evenl Costs Gifts Given ZJ.514 her Exwndiiuie Premises JS.119 .f19 siafl Costs 61 (M)3 61.003 Governantr Costs Tolal re50UrCp5 Use 142.279 2,471 144.756
Notes - Analysis of Net Assets Between Funds Current Year -ty17 Current A559 1 191.146 43.196 1.234 302 N-Cent Assets 591.360 CUnI Liabli 78 Nonlurrenl Liabil95 1,825. Prior Year T¢ CurrenlAssets 812.527 84S.125 N0n.CWrntAs 758.644 758,644 CuTrenl Ligbilirie9 N0cL$t Ltsbilibes
Notes - Other Volunteers The charity benefits greatly from the voluntary (x)ntributions of time and money. Please refer to the trustees, report for further delail about volunleer wntributions in Ihe organisation. Independenl Examlnallon Fees Fees payable to the independent examiner for independent examination were: £200 (fee payable in the prior year.. £200). Staff Costs The lotal staff costs and employee benefits the reporting pericxj are analysed as foll0v.. Gross wages and salaries." £40,283 Employers Nl costs £4,528, Employers Pension costs £1,016.Prior year Gross wages and salaries.. £56,129, Employers Nl costs £5,235, Employe[5 Pension costs £1.306The average number of employees during the year was 1.The average number of employees during the prior year was 2.No employees received salaries al a rate of more than £60.0 per annum. Key Management Personnel The charity considers ils key management personnel to be the Pastor. The total employee benefits received by the key management personnel (including employer national insurance and pension Gontributions) was £45,534. Total efflployee benefits for the prior year were: £61.003. Trustee Remuneration During the year 1 trustees received remuneration. The remuneration paid during the year was for the employees, role within the charity and not for their role as a tnjstee. The total remuneration paid during the y8ar is as follows.. David RushbrrKJk £41,299. Trustee Expenses During the year no truslees incurred out-of-pocket expenses. Prior year no truslees incurred out-of-pockel expenses. Trustee Donations During the year the total aggregated donations made to the charity by the trustees was £25,000. There ware no conditions attached to the donations. Total aggregate donations from prior year were £20.000.
Tangible Fixed Assets Pftorto 1stJanuary 2025 4.146 765.112 Additi(5 in fin3ne year Tothi as at3151 7SS(KYJ 4.14& Y6S,112 Pritr to 1st Janry 2025 1.217 3.194 1.248 6,468 ddi11S finarrial year 401 165.r 167,284 Totsi as at31sl Decerpber 2025 1.512 I65.Th) 173,152 8ookVJlu? As al 3151 2024 615 7S%o 1,742 758,644 Debtors Accounts Receivable GiftA 1.459 Trade D9bl(x8 Prepayments Prepawrents 592 Creditors Arxounts Payable AcctuaLs FinarKx Lèas8 LKthlitiÉS Tax & Saaa sEclty TTsdp crlia[5 78 Deferred Income Deferr Ints)me
Analysis of Charftable Funds Current Year Genoral Fu (Lknrestrictedl 1.529.657 287, 1.74t,163 Folal 1.529 657 499857 287.*5 1.741.163 Re5eNes (Deswatl ev0ce Fund Pesiynatedl 40,(MJO 1.514 1,265 'reslfjdod Tola 499 857 28è6 1782 428 Blding Fund IR95thcted} 1123) 40.012 ylh kntk IRe5trcd} 287 Swial ApaL (Restrled> 6.458 1&8. 43 156 Prior Year General Fund Iunrestrictdl 1.453. 217.474 141.293 1 529.657 ToL]I 37.414 1.629.657 Reseryes IDe5w3natedl 40,(X)D 6gnevolence Fund IDe&9natedl 1.514 1.514 4]14 41.514 1495 478 317 414 141 293 Bujwing FuTrd IResthded} 21,151 29.282 y1h Work (ReSthtt} 201 287 Sp8cval Appea IFrrciedl 3,029 24F Reslriaed Tatsi 21 157 13431 2478
Fund Transfers Top upfu 2025 Fund Descriptions General Fund unrestri GBn8ral FuS Ilding Fu Bury Prged ReSeS Res P&ILy B8n8VOn(ts Fu Youih Yvork Speoal AFpp81 Transactions to Related Parties There were no transaction to Related Parties. Prior Period Adjustment There were no prior year adjustments.