2024-03-31-accounts - Grove Free Evangelical Church

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Charity Registration No. 283079

GROVE FREE EVANGELICAL CHURCH FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

Contents:

Page 1 - 2 Trustees’ Report

Page 3 Independent Examiner’s Report

Page 4 Receipts & Payments Account

Page 5 Statement of Assets & Liabilities Page 6 - 7 Notes to the Accounts

David Cooke & Co Chartered Accountants 5 Briar Close Banbury Ooxon. OX16 9DS

Page 1

GROVE FREE EVANGELICAL CHURCH

TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024

The trustees have pleasure in presenting their report and the Financial Statements of the Church for the year ended 31 March 2024.

Reference and Administrative Details

The Church is a Registered Charity no. 283079. The address is: Grove Free Evangelical Church, c/o 1 Syacamore Walk, Grove, Wantage, OX12 0BW.

The charity trustees for the purpose of these accounts comprise the Elders and Deacons of the Church. The Elders and Deacons during the year were as follows:

Mr Terry Randall (Chairman) Mr Roger Middlebrook (Pastor) Mr Adrian Kerr (Treasurer)

Objectives and Activities

The Church’s aims are to spread the gospel of the Lord Jesus Christ and to edify the congregation through the preaching and teaching of the Word of God, and the circulation of good Christian literature. The Church’s vision is to build a community of people who live out God’s purposes.

The trustees have had due regard to the guidance issued by the Charity Commission relating to public benefit, and the Church provides this in a number of ways:

By the provision of public worship services;
By holding meetings for teenagers and young people; and
By its support of mission works in other parts of the world.

Structure, Governance and Management

The Church is governed by its Constitution, which was last amended and issued to members in January 2022. The Elders and Deacons are elected by the Church Meeting, and are responsible for leadership of the church. The Elders and Deacons meet regularly to effect proper control of all arrangements for the running of the church.

Page 2 GROVE FREE EVANGELICAL CHURCH TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 (ConL) Achievements and Performance The Church's main work is carried out through its own Sundayservices, mid-week Bible study and prayer meeting. Other meerings were convened for individual groups such as young teenagers, women. men and young adults. The church also supports missionary work in various places. Publlc Benefit In carrying out its activittes in the year under rewew. rhe trustees have had regard to the publiL benefit guidance issued by the Charity Commission, and are satisfied that the activities mentloned above have all been for the public benefiL Flnancial Revlew Funds are used to pay the rent for the buildings the Church uses for meetings, to support Missionary organisations, to provide literature and to fund various projects. With the employment of a part-time pastor. payments are now ruTJnlng at a hlgher level than in earlier years. As a result, as shown in the Receipts & Payments Account on page 4, there was an excess of payments over receipts (a deficit) of £798 (2023: deficil £4.138). before capital purchases are taken into account. Overall, the financial state of affairs of the Church is con.sidered to be satisfartory. On behalf of the Elders & Deacons Date.. 02¥

Page 3

INDEPENDENT EXAMINERS REPORT

TO THE TRUSTEES OF GROVE FREE EVANGELICAL CHURCH

I report on the accounts of the Church for the year ended 31 March 2024, which are set out on pages 4 to 7.

Respective responsibilities of trustees and independent examiner

The church's trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year (under section 44(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is needed.

It is my responsibility to:

Examine the accounts under section 145 of the 2011 Act;
To follow the procedures laid down in the General Directions given by the Charity
Commissioners under section 145 (5) (b) of the 2011 Act; and
To state whether particular matters have come to my attention.

Basis of independent examiner's report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in 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 examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which give me cause to believe that, in any material respect:

the accounting records were not kept in accordance with section 130 of the Charities
Act; or
the accounts did not accord with the accounting records; or
the accounts did not comply with the applicable requirements concerning the form and
content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.

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.

David Cooke MA (Oxon) FCA FCIE David Cooke and Co. Chartered Accountants 5 Briar Close Banbury, Oxon. OX16 9DS Date: 19 August 2024

Page 4

GROVE FREE EVANGELICAL CHURCH

RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024

Note Receipts Voluntary income Investment income Other income Total incoming resources Payments Cost of Generating Funds 2 Charitable Activities 3 Total Payments Excess of Receipts over Payments Purchase of capital equipment Transfers between Funds Net Movement of Resources Total Funds brought forward Total Funds carried forward	Unrestricted Restricted Funds Funds £ £ 38,254 2,783 4,265 88 - 42,519 2,871 562 - 42,861 2,765 43,423 2,765 (904) 106 - - (390) 390 (1,294) 496 96,809 1,903 95,515 2,399	2024 Total £ 41,037 4,353 - 45,390 562 45,626 46,188 (798) - - (798) 98,712 97,914	2023 Total £ 38,708 32 1,966 40,706 95 44,749 44,844 (4,138) (1,578) - (5,716) 104,428 98,712

The notes on pages 6 and 7 form part of these financial statements.

Page 5 GROVE FREE EVANGELICAL CHURCH ATEMENT OF ASSETS AND LIABILITIES AS AT 31 MARCH 2024 Unrestricted Designated 2024 2023 Cash Funds TSB Account CCLA Deposit Fund (Building Fund) CCLA No.2. Account 11,096 508 1,891 11,604 1,891 84.150 6,992 1.803 89,885 84,150 95,246 2.399 97,645 98,680 Assets retained for charfity's use Fund to which asset belongs Office Equipment General Fund Liabilities Due within one year: PAYE due Accruals 367 450 367 450 605 440 817 817 1.045 Approved on . (date) 201 Treasurer EldeD-- The notes on pages 6 and 7 forni part of these financial statemen

Page 6

GROVE FREE EVANGELICAL CHURCH

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024

1. Accounting Policies

The following accounting policies have been used consistently in dealing with items which are considered material in relation to the Church's Financial Statements.

(a) Accounting Convention.

The Financial Statements are prepared under the Historical Cost Convention. Because the Church's income is under £250,000 the accounts are now prepared on a Receipts and Payments basis, to avoid the need to comply with the Charities SORP (FRS102).

(b) Income.

Donations represent cash received during the year. Investment income comprises interest received from money in deposit accounts.

(c) Expenditure

The cost of generating funds are costs incurred in promoting the Church and its work. Charitable Activities Expenditure comprises all expenditure directly related to the Church's objects, including governance costs.

2. Costs of Generating Funds Advertising & Publicity 3. Charitable Activities Staff costs (note 6) Visiting speakers' fees Website/Zoom expenses Other Ministry & Missions (note 4) Accommodation Insurance Administration expenses Subscriptions & Licences Miscellaneous expenses Book-keeping Other professional services Independent Examination	Unrestricted Designated Funds Funds £ £ 562 - 23,503 - 378 - 693 - 9,930 2,765 5,508 - 507 - 235 - 1,366 - 18 - 273 - - - 450 - 42,861 2,765	2024 Total £ 562 23,503 378 693 12,695 5,508 507 235 1,366 18 273 - 450 45,626	2023 Total £ 95 23,354 597 179 13,766 3,178 529 526 1,505 218 242 255 400 44,749

Page 7

GROVE FREE EVANGELICAL CHURCH

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 (Cont.)

4. Other Ministry and Missions Missions expenses Outreach Cornerstone Christian Centre Streetpastors Other donations Catering 6. Employee & Trustee information Wages, salaries & social security costs Pastor's expenses Training costs	Unrestricted Designated Funds Funds £ £ 4,805 2,665 - - 3,600 - 1,100 - - 100 425 - 9,930 2,765 22,643 - 638 - 222 - 23,503 -	2024 Total £ 7,470 - 3,600 1,100 100 425 12,695 22,643 638 222 23,503	2023 Total £ 6,492 120 3,600 1,200 1,690 664 13,766 22,058 438 858 23,354

The average number of persons employed during the year was 1 (2023: 1). No employee received remuneration in excess of £60,000 p.a.

No trustee received any remuneration, apart from Mr Middlebrook for his work as the pastor of the church.

There were no related party transactions, apart from donations given in the usual course of the life of the church.

7. Restricted Funds Building Fund Bernals Fund Brixeys Fund Hookers Fund TEAR Fund Viva Fund		Brought forward 1,803 - - - 100 - 1,903	Incoming Resources 88 1,155 395 875 358 2,871	Outgoing Resources (1,545) (395) (725) (100) - (2,765)	Transfer - 390 - - - - 390	Carried forward 1,891 - - 150 - 358 2,399