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|
|---|---|---|---|---|---|---|