Charlty registration number 1083020 Company reglstratlon number 04009248 (England and Wales) BEXHILL COMMUNITY CHURCH KNOWN AS LIVING WORD CHURCH BEXHILL ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Caladine Chartered Certified Accountants
BEXHILL COMMUNITY CHURCH KNOWN AS LIVING WORD CHURCH BEXHILL LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mrs J Barrett Mr R Lamb Ms C Yates Charlty number 1083020 Company number 04009248 Prlnclpal address Hamilton Hall Easiwood Road Bexhill on Sea East Sussex TN39 3PS Reglstored offlce Chantry House 22 Upperton Road Eastboume East Sussex BN21 1BF Independent examlner John Caladine FCCA CTA FCIE Caladine Limited Chantry House 22 Upperton Road Eastbourne East Sussex BN21 1BF Bankers Lloyds 17 Wellington Place Hastings East Sussex TN34 1 NX
BEXHILL COMMUNITY CHURCH KNOWN AS LIVING WORD CHURCH BEXHILL CONTENTS Page Trustees report Statement of Trustees responsibilities Independent examiner's report Statement of financlal actlvltles statement of financial position Notes to the financial statements 8-16
BEXHILL COMMUNITY CHURCH KNOWN AS LIVING WORD CHURCH BEXHILL TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their annual report and financial statements for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Church's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)" Objectlves and activltles The Church's objects are: 1. To advance the christian faith by such means as the church shall determine from time to time. 2. To relieve persons who are in conditions of need, hardship, or distress. 3. To educate and assist young persons through their leisure time activities so as to develop physical, mental and spiritual capacity. 4. To advance christian religious education and training and education in family life and relationships. To embody these objects, the pnmary purpose of the church is to worship God and represent Jesus Christ and His word in the town through a strong representation of the Pentecostal Christian faith in the community. The Church carrie8 Out a number of actlvltles to fulfill its objectlves. These include: (a) Different activities to encourage and develop membership of the Church e.g. a lively style of worship, continued pastoral support to church members, e.g. new membership evening5, meals together and the introduction of a specialist Bible teacher to engage the church members in a more meaningful way. (b) Interact with the local community, mainly through the children's Sunday Invaders Club, the quiz nights and trips to which members are free to invite family and friends (c) Special seniices with invited speakers within Assemblies of God organisation. (d) Continued representation at regional and national Assemblie5 of God events. The Trustees have paid due regard to guidance Issued by the Charity Commission In deciding what activities the Church should undertake. Achl•vements and performance The church continues lo be a vivacious Pentecostal expression of the Chrlstlan faith in the community with Its primary goal of worshiping God, creating a place and preparing people for spiritual growth while making Jesus Christ known and representing his word in the town. The church continues to advance its relationship with Assemblies of God UK as one of its fundamental objective in bringing the very dynamic Pentecostal experience to the town. Church me bershi The church attendance has held steadily over the year. The Sunday se18 and Bible Studies are Still made available via zoom some people engaged through this platform. The church membership has held fairly stable for the year with the exceptions of a few people leaving; overall we gained a few more than we lost. This is direct result of new people moving into the area and the church is more known in the community. Communit Interactio A church service takes place Sundays AM and Wednesdays PM. also a program for kids continues to inform and inspire the children. The church continues to maintain links with other local churches mainly through Churches Together in Bexhill. Engaging with the wider cornmunity through Saturday food and dothes giveaways organized by the church to help the less fortunately in our community, door to door interaction, street evangelism, leaflet drops. to forge friendship and to familiarise the wider public with the church.
BEXHILL COMMUNITY CHURCH KNOWN AS LIVING WORD CHURCH BEXHILL TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Church Activities Different activities to improve membership of the chUh e.g. a modem lively style of worship. inspirational Bible teachings to inspire the church in a more meaningful way continued pastoral care and support to church members. Special services with invited speakers, Christian calendar events services and celebration, continued representation at regional and national Assemblies of God events. of Church Buildin facilities We continue to spend on the maintenance and upkeep of the building making sure that it remains comfortable, safe, and hospitable to all. Interior wall paints were refreshed. The premise5 are kept clean and tidy, new interior and exterior display posters installed and maintained. Resurfacing of the paved area around the church is still our intention to get done, unfortunately we were not able to get this done as we had planned but hope to do it as soon as the funds become available. Em lo d Staff Pastor Dale Barrett a full accredited minister wlth (AOG) Assemblies of God UK continues to lead the church on a salary. Monies have been used to provide a measure of support and subsidy to enable and motivate church members and make material provision to promote and enable considered activities to take place. Payments to visiting speakers for varied church activities. utilities- electricity, water, gas, phone, internet, zoom etc Salary for employed minister. Materials and supplies for kids program, church office, and catering etc. Accountancy and Payroll services. Insurance and Copy Right charges Sponsorship of child, money for Misslonary work abroad and Ukraine Appeal Membership and subscription to Assemblies of God, CTIB, Evangelical Alliance, Thirtyone'.eight etc Publicizing of church activities, website upkeep and printed materials. 10. Church fellowshlp meals Iget together subsidies. Flnanclal revlew There was a surplus on unrestricted funds for the year of £2,765 (2023: deficit of £1.594) leaving unrestricted reseries of £129.419 (2023: £126,654) carried forward at the year ended 31 March 2024. Reserves pollcy It is the policy of the Church that unrestricted funds which have not been designated for a specific use should be maintalned at a level equivalent to between three and six month's expenditure of say £15,000. The trustees consider that reser¥es at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Church's current activities while consideration is given to ways in which additional fund5 may be raised. Rlsk factors The TTUStees has assessed the major risks to which the Church is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. Structure. governance and management The Church is a company limited by guarantee, registration number 04009248 registered wryth the Charity Commission in England and Wales. registration number 1083020.
BEXHILL COMMUNITY CHURCH KNOWN AS LIVING WORD CHURCH BEXHILL TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The Trustees, who are also the directors for the purpose of company law, and who served durlng the year and up to the date of signature of the financial statements were: Mrs J Barrett Mr K J Jones Mr R Lamb Ms C Yates (Resigned 2 April 2024) None of the Trustees have any beneficial interest in the company. Each member has a liability of £10 in the event of a winding up. Additional trustees are appointed by the majority vote of the existing trustees. Suitable training 18 provided. The day to day activities of the church are led by the Elders and pastoral staff. These report to the trustees who meet on a regular basis. The Trustees report was approved by the Board of Trustees. Mr R Lamb Trustee Dated..
BEXHILL COMMUNITY CHURCH KNOWN AS LIVING WORD CHURCH BEXHILL STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The Trustees, who are also the directors of Bexhill Community Church for the purpose of company law, are responsible for preparing the Trustees Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the Tnjstees to prepare financial ststements for each financial year which give a true and fair view of the state of affairs of the Church and of the in,coming resources and appliGab-on of resources, induding the income and expenditure, of the charitable company for that year. In preparing these financial statements, the Trustees are required to: select sultable accounting policies and then apply them consistently. obseNe the methods and principles in the Charities SORP. make judgements and estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed. subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the going concem basis unless it is inappropriate to presume that the Church will continue in operation. The Trustees are responsible for keeping adequate accounting records that disclose wlth reasonable accuracy at any time the financial position of the Church and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Church and hence for taking reasonable steps for the prevention and detection of fraud and other Irregularlties.
BEXHILL COMMUNITY CHURCH KNOWN AS LIVING WORD CHURCH BEXHILL INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BEXHILL COMMUNITY CHURCH I report to the Trustees on my examination of the financial statements of Bexhill Community Church (the Church) for the year ended 31 March 2024. Responsibilltles and basi8 of report As the Trustees of the Church (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act). Having satisfied myself that the financial statements of the Church are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Church's financial ststements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charlty Commi55ion under section 145(5)(b) of the 2011 Act. Independent examIn•$ statement I have completed my examination. I confimi that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the Church as required by section 386 of the 2006 Act" or the financial statements do not accord with those records., or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act 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; or the financial ststements have not been prepared in accordance with the methods and principles of the statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be dravm in this report in order to enable a proper understanding of the financial statements to be reached. John C ne FCCA CTA FCIE Caladine Limlted Chantry House 22 Upperton Road Eastboume East Sussex 8N21 1 BF Dated: .
BEXHILL COMMUNITY CHURCH KNOWN AS LIVING WORD CHURCH BEXHILL STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestrlcted Restrlctod funds funds 2024 2024 Totsl Unrestrlcted Restricted funds funds 2023 2023 Total 2024 2023 Notes Income from: Donations and legacies Investments 34,251 140 34,251 140 30,692 25 745 31,437 25 Total Income 34,391 34.391 30,717 745 31,462 Expendlture on: Charitable activrties 31.626 31,626 32,311 637 32,948 Totsl expendlture 31,628 31,626 32,311 837 32,948 Net Incomel(expendlture) and movement In funds 2,765 2,765 (1,594) 108 (1,486) Raconclllatlon of funds: Fund balances at 1 April 2023 128,654 178 126,832 128,248 70 128,318 Fund balancas at 31 March 2024 129,419 178 129.597 128,654 178 128,832 The statement of financial activities Indudes all gains and losses recognised In the year. All income and expenditure derlve from continuing activikn'es.
BEXHILL COMMUNITY CHURCH KNOWN AS LIVING WORD CHURCH BEXHILL STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2024 2024 2023 Notes Fixed assets Property, Fixtures and Equipment Current assets Trade and other receivables Cash at bank and in hand 11 90,551 90,932 12 6,955 34.918 6,505 32,350 41,873 (2,827) 38,855 (2,955) Current Ilabllltles 13 Net current assets 39,046 35,900 Totsl assets le55 current Ilabllltles 129,597 128,832 Income funds Restricted funds Unrestricted funds 178 129,419 178 126.854 129,597 126,832 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, forthe year ended 31 March 2024. The directors acknowledge their responslblllties for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audlt of its financial statements for the year In question in accordance with section 476. These Ilnancial statements have been prepared In accordance with the provlsions applicable to companies subject to the small companies regime. The financial statements were approved by the Trustees on ............ rs J Barrett Trustee Mr R Lamb Trustee Company Reglstration No. 04009248
BEXHILL COMMUNITY CHURCH KNOWN AS LIVING WORD CHURCH BEXHILL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policle5 Company Infomiatlon Bexhill Community Church is a private company limited by guarantee incorporated in England and Imales. The registered office is Chantry House, 22 Upperton Road, Eastbourne, East Sussex. BN211 BF. 1.1 Accountlng conventlon The financial statements have been prepared in accordance with the Church's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice appllcable to charities preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)" The Church is a Public Benefit Ents'ty as defined by FRS 102. The Church has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin I not to prepare a Ststement of Cash Flows. The flnancial statements are prepared in sterling, which Is the functlonal currency of the Church. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The prlncipal accounting policies adopted are set out below. 1.2 Golng concern At the time of approving the financial statements, the Trustees have a reasonable expectation that the Church has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concem basis of accounting in preparing the financial statements. 1.3 Charltable funds Unrestricted fvnds are available for use at the discretlon of the Trustees in furtherance of their charitable objectives. Restricted funds are subject to specific Conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 1A Income Income is recogni5ed when the Church is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. other donations are recognised once the Church has been notified of the donation, unless perfomiance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the Church has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
BEXHILL COMMUNITY CHURCH KNOWN AS LIVING WORD CHURCH BEXHILL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting pollcies Icontlnued) 1.6 Expendlture Expenditure is recognised once there is a legal or constnjctive obligation to transfer econornic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activty are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned beteen those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreclatlon charges are allocated on the portion of the asset's use. Expenditure is recognised In the period in vthlch it is incurred and allocated to the particular cost centre to which it relale5. Expenditure includes irrecoverable VAT. 1.6 Property, Flxtures and Equlpment Property, Fixtures and Equipment are initially measured at cost and subsequently measured at C05t or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over thelr useful lives. As the building is maintained to a fair standard, it is considered the residual value is above the cost so the original building purchased is not depreciated. Improvements to the building are however depreciated at 10% on a straight line basis. The depreciation rates are as follows.. Land and buildings Building improvements Fixtures, fittings and equipment No depreciation 1 OOA on a straight line basis 20% on a straight line basis The gain or loss arising on the disposal of an asset is determlned as the difference betsveen the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Impalmient of non-current assets At each reporting end date, the Church reviews the carrying amounts of its tangible assets to detennine whether there is any indication that those assets have suffered an impairment 105s. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). 1.8 Cash and cash equivalents Cash and cash equivalents indude cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or le55, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
BEXHILL COMMUNITY CHURCH KNOWN AS LIVING WORD CHURCH BEXHILL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting pollcles (Continued) 1.9 Flnanclal Instruments The Church has elected to apply the provisions of Section 11 'Basic Financial Instruments, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Church's balance sheet when the Church becomes paty to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic flnanclal assets Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised, Baslc flnanclal liablllties Basic financial liabilities, including trade and other payables and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument 15 measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities cla55ified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, Using the effective interest rate method. Trade payables are obligations to pay for goods or SeICe$ that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognltion of flnanclal liabllltles Financial liabilities are derecognised when the Church's contractual obligations expire or are discharged or cancelled. 1.10 Taxatlon The income of the Church is used solely for charitable activities and the Trustees consider it not to be subject to corporation tax. 1.11 Employee beneflts The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the Church is demonstrably committed to temiinate the employment of an employee or to provide temiination benefits. 1.12 Retirement benefits Payments to defined contribution retirement benefft Schemes are charged as an expense as they fall due. 10-
BEXHILL COMMUNITY CHURCH KNOWN AS LIVING WORD CHURCH BEXHILL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Crltlcal accounting estlmatas and Judgements In the application of the Church's accounting policies, the Trustees are required to make judgements. estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revision5 to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods. Donatlons and legacles Unrestrfcted Unrestricted Restricted funds funds funds Total 2024 2023 2023 2023 Donations and gift3 34,251 30,892 745 31.437 Donatlons and glfts Donations and gifts Tax refunds 27,751 6,500 24,650 6,042 745 25.395 6,042 34,251 30,692 745 31,437 Income from Investments Unrestrfcted Unrestricted funds funds 2024 2023 Interest receivable 140 25 11
BEXHILL COMMUNITY CHURCH KNOWN AS LIVING WORD CHURCH BEXHILL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expenditure on charitable activities 2024 2023 Dlrect costs Staff costs Depreciation and Impairment Repairs and maintenance Subscriptions and resources Speakers and outreach Audio, visual and IT 21,630 169 213 371 563 187 21,630 169 1,481 1,517 954 178 23,133 25,929 Grant fvndlng of activities (see note 6) 1,148 1,070 Share of 8UPPOrt and governance costs (see note 7) Support Governance 4,704 2,841 3,367 2,582 31,626 32,948 Analysls by fund Unrestricted funds Restricted funds 31,626 32,311 637 31,626 32,948 Grants payable 2024 2023 Grants to institutions: Assemblies of God other 840 308 637 433 1,148 1.070 12-
BEXHILL COMMUNITY CHURCH KNOWN AS LIVING WORD CHURCH BEXHILL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs allocated to activitles 2024 2023 Depreciation Insurance Utilities Telephone and intemet Printing and stationery Sundry expenses Govemance 213 858 2,778 704 34 317 2,641 213 718 1,543 680 233 2,582 7,345 5,949 2024 2023 Governanc• costs comprlse: Independent examination fees Accountancy and payroll fees 489 2,152 456 2,126 2,641 2,582 Net movement In funds 2024 2023 The net movement In funds is stated after ¢hargingl{crediting): Depredation of owned property, plant and equipment 382 382 Trustees None of the Trustees received any remuneration or benefits trom the Church during the year. The total aggregate donation5 Without conditions received from the Trustees and related parties during the year amounted to £9,702 (2023: £9,370). Mr D Barrett, husband of the trustee Mrs J Barrett, continued in his role as Pastor and received a salary of £21,000 (2023: £21,000). The Church also made contributions into a defined contribution scheme during the year amounting to £630 (2023: £630). 10 Employ888 The average monthly number of employees during the year wa5: 2024 Number 2023 Number Pastor 13-
BEXHILL COMMUNITY CHURCH KNOWN AS LIVING WORD CHURCH BEXHILL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10 Employees (Continued) Employment costs 2024 2023 Vvages and salaries other pension costs 21.000 630 21,000 630 21,630 21,630 There were no employees whose annual remuneration was more than £60,000. Remuneratlon of key management personnel The remuneration of key management personnel was as follows: 2024 2023 Aggregate compensation 21,630 21,630 11 Property, plant and equlpment Land and Bulldlng Flxtures. bulldings Improvements tlttlngs and equlpment Total Cost At 1 April 2023 90,000 2,125 21,394 113,519 At 31 March 2024 90,000 2,125 21.394 113,519 Dapreclatlon and Impalrment At 1 April 2023 Depreciation charged in the year 1,701 212 20.886 169 22,587 381 At 31 March 2024 1.913 21,055 22,968 Carrying amount At 31 March 2024 90,000 212 339 90,551 At 31 March 2023 90,000 424 508 90,932 12 Trade and other rècefvables 2024 2023 Amounts falllng due within one year. other receivables Prepayments 6,416 539 8,026 479 6,955 6,505 14-
BEXHILL COMMUNITY CHURCH KNOWN AS LIVING WORD CHURCH BEXHILL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 Current Ilabilities 2024 2023 other taxation and social securty Accruals and deferred income 722 2,105 1,023 1,932 2,827 2,955 14 Rotlrement benefft schemes 2024 2023 Deflned contrlbution schemes Charge to profit or loss in respect of defined contribution schemes 630 630 The ChurGh operates a defined contribution pension scheme for all quallfying employees. The assets of the scheme are held separately from those of the Church in an independently administered fund. 16 Unrestrlcted funds The unrestricted funds of the charity comprtse the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. Resources At 31 March expended 2024 At 1 Aprll 2023 Incomlng resources General funds 126,654 34,391 (31,626) 129,419 Prevlous year: At 1 Aprll 2022 Incomlng resources Resourceg At 31 March expended 2023 General funds 128,248 30,717 {32,311) 126,654 16 Analysls of net assets between funds Unrastrfcted funds 2024 Restrlcted funds 2024 Total 2024 At 31 March 2024: Property, plant and equipment Current assetsl(liabilities) 90,551 38.868 90,551 39,046 178 129,419 178 129,597 15-
BEXHILL COMMUNITY CHURCH KNOWN AS LIVING WORD CHURCH BEXHILL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16 Anatysis of net assets beton funds (Continued) Unrestrlcted funds 2023 Restrlcted funds 2023 Total 2023 At 31 March 2023: Property, plant and equipment Current assetsl(liabilities) 90,932 35,722 90,932 35,900 178 126,854 178 126,832 17 Relatsd party transactlons Other than the salary paid to the Pastor (see note 9) there were £354 paid to trustees for zoom Ilcenses and church supplies. 16-