Registered number: 04122782
Charity number: 1085602
BATH CHRISTIAN TRUST
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
ishop Fleming

BATH CHRISTIAN TRUST
IA COMPANY LIMITED BY GUARANTEEI
CONTENTS
Page
Reference and Administrative Detsil$ of the Charity, its Trustees and Advisers
Trustees. Roport
Trustees. Responsibilities Statement
14
Independent Auditors. Report on the Financial Ststements
15-18
Consolldated Statement of Flnanclal Actlvltles
19
Statement of Financial Position
20-21
Charity Statement of Financial Position
22-23
Consolidated Statement of Cash Flows
24
Notes to the Financial Statements
25-49

BATH CHRISTIAN TRUST
IA COMPANY LIMITED BY GUARANTEEI
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2023
Trustees
S Harrison, Chair
S J Durranl
B Hamier
R M Jacobs
AGKing
W Moore
D J Reynolds
Company registered
number
04122782
Charity registered
number
1085602
Registered office
la Forum Buildings
Sl James Parade
Bath
BA1 1UG
Independent auditors
Bishop Fleming LLP
Chartered Accounlanls
10 Temple Back
Bristol
BS1 6FL
Bankers
The Royal Bank of Scotland
East street
Lei￿ster
LE16NB
Solicitors
Stone King Sewell
12 Queens Square
Bath
BA12HJ
Page 1

BATH CHRISTIAN TRUST
IA COMPANY LIMITED BY GUARANTEEI
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2023
The Trustees present theiT annual report together with the audited financial statements of Bath Christian Trust
for the year 1 April 2022 to 31 March 2023. The Annual Report serves the purposes of both a Trustees, report
and a directors, report under company law. The Trustees confirm that the Annual Report and financial
statements of the charitable company comply with the current stalulory requirements, the requirements of the
company's governing document and the provisions of the Statement of Recommended Practice ISORPI,
applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191.
Since the group and the Trust qualify as small under section 383 of the Companies Act 2006, the Group
strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report
and Directors, Report} Regulations 2013 has been omitted.
OBJECTIVES AND ACTIVITIES
Objects
In setting objectives and planning for activities, the Trustees have given due consideration to general
guidance published by the Charity Commission relating lo public benefit and in particular lo its supplementsry
public benefit guidance on charities for the advancement ol religion.
The Objects of the Trust are..
To advance the Christian faith and the worship of God
To relieve persons in need, hardship or distress, or who are aged or sick
To promote or provide edueation on the basis of Christlan principles
Aims
The aims of the Trust are to..
Seek the presence of God by Holy Spirit led gatherings, prophetic ministry, and prayer
Bring the gospel of Jesus Christ to the city, the region, and overseas
Provide pastoral care for church members
Serve the people of Bath via social action projects
Train children and youths into the ways of God
Provide assistance lo those in need, whether in the church, or the city, or overseas.
Page 2

BATH CHRISTIAN TRUST
IA COMPANY LIMITED BY GUARANTEEI
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Specific objectives which were set for 2022123
Re-visit a series of teaching on various aspects of prayer as an essential and integral part of the life of
the individual believer and the corporate life of the church
Continue to develop the leadership team to broaden the base of the eldership
Continue to extend an authority structure amongst the leadership team based on the biblical principles
of elders and deacons to help own and integrate the growing activities of the church
Build a church community that is focused on being active and confident in faith, carrying a sense of
well motivated engagement and increased mutual responsibility across a mulli generational and
geographically dispersed congregation. This will be achieved by..
strengthening and extending departmentsl responsibilities that focus and channel activity and
ministry.,
strengthening and increasing the coverage of life groups across the church keeping people
connected and engaged in the church community.,
prioritising the development of the children and families ministry
consolidating the work with youth, students and young adults, older people
building on the Kickstart and Alpha initiatives that will engage with those attracted lo the
church and ils influence in the city and surrounding region.,
ensuring that a pastoral team is in place, equipped and resourced to maintain a safe and
supportive environment for a growing community
Continue to maintain the online presence for the Church in both programmed and live streamed
output that continues lo extend the Influen￿ of the Church and its ministries.
Continue lo foster and develop open, positive relationships within the wider Christian and church
community in Bath
Oversea the growth of letting event hires and negotiation of favourable commercial terms while
maximising the operation of our secondary sales through the development of wet sales provision,
continuing to grow the unified commercial offer so as to deliveT on the operation of The Forum Ltd as
an income generating trading arm of the Trust.
Grow the community and family-friendly programming, alongside our commercial program, so as to
offer and support the health and well-being of our surrounding community by access to the arts.
Sustain the Bath Box Office's position within the city's cultural community.
Build on the 2021122 year partnership work to grow strategic relationships which will provide
opportunities to attract larger scale funding bids for both operational and building development for the
future of all aspects of the charity's objectives.
Grant making policies
The allocation of grants is proposed by the church leader and approved by the Trustees. Gifts are split
between local, national, and international ministries.
The Trust supports only those ministries which have an established relationship with the church. and
which will use the funds in accordance with the Trust's Objects.
Where possible grants are made on a regular basis throughout the year, so that recipients can plan
effectively.
Page 3

BATH CHRISTIAN TRUST
IA COMPANY LIMITED BY GUARANTEEI
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Main activities undertaken to further the charity's purposes for the public benefit
The Trust can demonstrate that its activities deliver Public Benefit in the following ways..
Activites undertaken to provide Public Benefit
Class of Public Benefit
Trust Object: Advancernent of Christian faith and worship of God
Sunday meetings for worship and teaching
Open meetings to celebrate Christian festivals leg Christmas &
Easter
Conferences and schools covering a wide range of topics
Youth work, including regular meeting of various types
Small fellowship groups for sharing and learning
Advancement of religion
Advancement of religion
Advancement of religion
Advancement of religion
Advancement of religion
Trust Object: Relief of persons in need, hardship or distress, or who are aged or sick
Worship meetings held in a local residential home
Advancement of religion
Praying on the streets for people in need or who are ill
Advancement of religion
Visting and caring for the sick and elderly
Prevention and relief of poverty
Financial and spirilual support for missionary work in the UK and
Prevention and relief of poverty
overseas
Support for the Genesis Trust and others helping the poor and
homeless
Prevention and relief of poverty
Trust Object: Promotion of education on the basis of Christian principles
Children & youth regularly taught lo live according lo Biblical pnnciples
Advancement of education
ACHIEVEMENTS AND PERFORMANCE
al Key financial performance indicators in 2022123
Tithes and offerings.. income overall was a 13 % increase compared to the previous year figure, arising
from a few significant donations
Within the trading subsidiaries, the year built on the previous year recovery from the pandemic with an
increase in tumover of 67 /0 on trading activities
Cash b81ances.' close attention lo budget projections and cash flow forecasts continue on a weekly
basis and cash balances remain closety aligned with Trust policies.
bl Review of activities in 2022123
Re-visit 8 series of te8ching on various aspects of prayer ag an essential arpd integr81 part of the lrfe of
thg individual beli8ver and the corporate lif8 of the church
A range of regular prayer meetings have been scheduled as a result of this focus on the importance of
regular and earnest prayer which has lo undergird the life of the church and ils activities. It is more
difficult to establish how this series has impacted the prayer life of the individual believer, but this will
continue to be a consistent theme into 2023124.
Continue to develop the leadership team to broaden the base of the elders17iP
The importance of having the right people in place cannot be underestimated and so due care and
consideration is being given to ensure that happens. An oversight team has been established during
the year.
Page 4

BATH CHRISTIAN TRUST
IA COMPANY LIMITED BY GUARANTEEI
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Continue to extend an authority structure amongst the le8dership team based on the biblical principles
of elders and de8cons to help own and integrate the gmwing activities of the church
The leaders and oversight continue to explore this, actively pursuing the priority of additional roles.
Build a church community th81 is focused on being 8Ctive 8nd confident in faith, canying a sense of
well motivated engagement and increased mutu81 responsibility aGross 8 mulli generational and
g8ographically dispersed congregation. This will b8 achieved by..
strengthening and extending rJep8rtment81 responsibilities th&t focus &nd channel activity and
ministry,.
strengthening and increasing th8 coverage of lrfe groups across the church keeping peop18
connected and engaged in the church community,"
prioritising the developm8nl of the children and families ministry
consolidating the work with youth, students and young adults, older people
building on the Kickstart initiative that will engage with those attracted lo the church and its
influence in the city 8nd surrounding region,"
ensuring that 8 pastoral Èean7 is in pla￿. equipped and resourced to maintain a safe and
supportivg environment for a growing community
'Stsy and Play, la group for parents and carers and their newborn babies, toddlers and pre-school
children) has been established during the year and has been well received by those it seeks lo serve.
The youth team working with other leaders as part of the A2 city-wide youth initiative has continued to
grow and increase in momentum during the year. The mission of the group is to encourage, facilitate
and cover kingdom centred work for the sake of the youth in our city and surrounding areas.
The ministry to young adults and students has grown and developed under the encouragement of a
dedicated team gathering to inspire and re-calibrate 'normal' Christianity in influence the culture that
we live in.
New members continued to join the church from the 'Kickstart' courses that are run during the year for
anybody who is on a journey lo discover God or considering joining the Life Church Bath family.
'Encore' continued a pattern for a mid-week meetings for those available during the week, while Life
Groups continued to be a significant part of church life, working alongside more specific pastoral care
for those who are elderly or infirm. A Church Camp took place during the year which piovided an
excellent opportunity for growth of the church's sense of community and belonging.
The church also ran Christmas and Easter events which are open to all. The Church Leaders continue
to work alongside the Bath Christian Action Network IBalhCANI, Genegis Ttust and Mercy in Action in
local initiatives to help social need and improve local communities.
Continu8 lo maintain the online prgsenc8 for the Church in both programmed and live streamed
output that continues to extend the influence of the Church and its ministries.
This facility has continued to provide on-line opportunities for connection with the life of the church
beyond in-person meetings, with continued positive feedback, and appreciation of the team delivering
this service.
Page 5

BATH CHRISTIAN TRUST
IA COMPANY LIMITED BY GUARANTEEI
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Continue to foster 8nd develop open, positive relationships within the wider Christian and church
community in B8th
The elders continue to connect with other church leaders in the city to support the wider church
community, lo pray for the city and wider Christian influence. The pursuit of church unity continues
with regular meetings of pastors in the city. Other initiatives for working together for the common good
include working with 'Home for Good, (with the vision to find a home foT every child in the UK who
needs one).
Oversea the growth of letting event hires and negotiation of favourable commercial terms while
maximising the opsration of our secondary sales through the d8velopmenl of w8t sales provision,
continuing to grow the unrfied commerci81 offer $0 8$ to deliver on the operation of The Fomm Ltd as
an income generating trading ami ofthe Trust.
The trading subsidiaries have achieved more favourable terms with most major clients, and sel the
organisation up for sustained increase in hires. Associated secondary sales via our wet sales
provision is projected for growth benefiting from bar enhancements and we have unified our approach
ensuring benefit and support across all areas of the business lo promote profitability.
Build on th8 2027/22 y8ar partnership to grow strategic relationships which will provide
opportunities to attract larger scale funding bids for both operalion818nd building development for the
future of all aspects of the charity's objectives.
Bath Forum Ltd is now recognised as a Cultural Partner of Bath Spa University. Work continues with
Bath Philamonia, Bath Festivaks and others to undeistand the changing shape of funding and work
with these key partners on funding options.
Grow the community and family-friendly pmgr8mming, 8longside our commerci81 program, so as to
offer and support the health and well-being ofour surrounding community by aGcess to the arts.
Community & Family Friendly events were running at around 500/0 of program. The impact that this is
having on our surrounding community is being assessed lo both properly understand their benefit and
to support future funding from the arts & culture community.
Broadening our programming offer to envelop the community culture of the wider organisation saw
repeat of the internal partnership of Life Church Bath and Bath Forum Ltd with the delivery of two
showings of The Polar Express family film event.
Sustain the Bath Box Office's position within the city's cultural community.
Bath Box Office continues to be firmly rooted in the cty's cultural Scene and looks set to be the lynch
pin around which future benefactors may rally.
General activities
Regular meetings for church members, with a strong emphasis on Spirrt-led worship and Bible-based
teaching. Sunday services are available live on the internet
Small groups, where people meet informally for friendship, study and maybe food and support
Training schools and conferences for church members and visitors
Youth & children's meetings and activities
Student and young adult ministry
Inner healing ministry operating to the wider Christian community
Support for the poor and needy in the city working with other agencies
Support for the elderly
Page 6

BATH CHRISTIAN TRUST
IA COMPANY LIMITED BY GUARANTEEI
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
cl Factors relevant to achieve objectives in 2022123 and ongoing
The age distribution and profile of the church membership and congregation, notably maintaining a
balance between..
a vibrant student and young adult membership contrasting with
an older mature and aging membership
a mix of young and economically active families
a prominent central location that engages with members of the homeless and socially
deprived city centre communities
The economic pressure on families and young adults to locale in areas of cheaper housing outside
the city limits, plus the wider area impact of the church ministry which means that over 40 % of church
members live outside the city limits
The impact of social media and internel communications that challenges the nature, identity and
fundraising models of church and its corporate expression
The effects of the global pandemic on all the aspects mentioned above
FINANCIAL REVIEW
al Going Concern
Income from Donations remains robust and similar to the previous year figures. Despite the reduction in
opportunity for trading activities due to restrictions on operating during Covid19, the return to live events has
enabled the organisation to consolidate ils position and continue with ils mission.
Close attention continues to be given to the analysis of budget and cash flow forecasts lover an extended
period greater than twelve months) so as lo be able to plan and respond to the needs of the organization.
After making appropriate assessments, the Trustees have a reasonable expectation that the Trust has
adequate resources to continue in operational existence for the foreseeable future. For this reason they
continue to adopt the going concern basis in preparing the financial statements. Further details regarding the
adoption of the going con￿rn basis can be found in the accounting policies.
Page 7

BATH CHRISTIAN TRUST
IA COMPANY LIMITED BY GUARANTEEI
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
bl Principal risks and uncertainties
The Trustees have ensured that the major risks to which the operations and finances of the company are
exposed have been assessed, and are satisfied that appropriate mitigation systems are in place. They are
confident that, in particular, the internal financial controls conform lo guidelines issued by the Charity
Commission. The organisation has reviewed systems and processes during the coronavitus pandemic and
continue to monitor associated risks
Risk
Mitigation
Prvmpt and accurate financial reporting and communication.
Respond lo Government guidelines on pandemic, adapt
Church meeting p18ns, maintain go(Id comms to sustain
regular incon7e and reduce costs and staffing where
possible
Staffing stwGlure continues lo be monitored, taking a vie
on the pressure points in staffing in all areas of the
organisation
A significant reduction in the level of
financial giving by church attendees.
Stress on staff and key individuals.,
claims for damages., impact on staff
morale and reputation
Failure of significant systems or
equipment and failure lo upgrade
Dilapidations schedule regularly reviewed and ongoing
action plan monitored,. capital investment program drafted
Commercial failure of lettings strategy
Venue Manager continues to liaise with pron70ters 2nd key
hirers to manage events in the light of government
guidelines, monitoring adverse financial conSeqUen￿S,. and
trends in bookings so as to adjust staffing levels and costs
as 8ppropriaÈe.
Take advi￿ from poli￿ and local agencies. Develop
strategies prO￿dureS for crisis management. Train Front of
House staff on lettings and church welcome team leaders
on handling evacuations
Maintain good communications between church leaders and
members. Leadership lo remain flexible to and pr8yerfully
sensilive in d1￿CtIon and structures ft)r meeting, and to
monitor reactions and s8nsitiviti8s through pastoral
connection and encouragement, and use of online presen
and social media
Public Liability insurance. Health & Safely, and Childryouth
Guidelines
Terrorism allack
A significant reduction in the number
of church members.
Injury lo personnel sustained through
church andlor commercial activities.
Harm
or
abuse
to
individual
childlchildren andlor vulnerable adu
lincreasing number of children and
youth)
Key employees or volunteers leave
Safegu8rding pmcedures to be updated 8nd publicised and
staff training to review issues, particularly relating to the
risks to children relating to emotional 8nd physical well
being
Good HR praCtI￿S including appr8isals,
regul8r
communiG8tion,
personnel development,
SU￿sSion
planning, identification of single points of failure and
res
ective contin
enc
lans.
Page 8

BATH CHRISTIAN TRUST
IA COMPANY LIMITED BY GUARANTEEI
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
l Reserves policy
The Reserves Policy of the Trustees is established so as to maintain sufFicient level of 'free reserves"
lunreslricted general funds not commilled or invested in tangible fixed assets and stock) and thereby to
enable normal operating activities lo continue should a shortfall in income occur and also to take into account
potential risks and contingencies that may arise from time to time.
The agreed level of 'free reserves" required to be held by the charity is equal to £150,000, of which £50,000
may be used for monthly cash flow fluctuations, with £100,000 being sel aside for emergencies.
The total reserves at 31 March 2023 were £2,935,933 12022 £2,777,959) of which £2,628,528 12022
£2,644,766) relate to the General Fund, £103,86512022 £103,865) related lo the subsidiary, £13,415 {2022
£16,915) related to Designated Funds and £28,77512022 £29,328) related to Restricted Funds {though it
is expected that these funds wll be drawn down during the next financial yearl. The "free reserves. at 31
March 2023 were £499,156 12022 £380,754} which represents a surplus of £349,156 12022 £230,754)
compared to the Reserves Policy.
dl Principal funding
The main source of income was from lilhes and offerings from church members and visitors, which, with the
tax recoverable on these gifts, lotalled £868,62512022 - £770,173). This income enabled the Trust to operate
according to ils Objects. The return to live events from early autumn has also provided significant revenue
from trading activities lotalling £1,556,97312022 - £947,105)
Other income of £7,191 12022 £6,177) arose mainly from charitable activities £6,020 12022 £6,143),
investment income £72912022 - £261, and other income £44212022- £81.
The nel movement of funds during the year was an increase of £224,467 compared with an increase in the
previous year of £44,746.
el Investment policy
The general approach of the charity is lo adopt a risk-free stance towards investment activities. Cash
reserves are held in interest bearing bank deposit accounts.
STRUCTURE. GOVERNANCE AND MANAGEMENT
al Constitution
Bath Christian Trust is registered as a charitable company limited by guarantee and was sel up by a
memorandum ofAssociation.
The company has Members, and the Members elect additional Members andlor Trustees at the Annual
General Meeting.
The work of the TTUSt is managed by personnel who form the leadership team and staff of Life Church Bath
(formerly Bath City Church). The Trustees determine policies within which the church works lo achieve the
Trust's Objects in an ethical and prudent manner, having due regard to all externally imposed compliance
requirements, and ensuring only necessary levels of risk to the Trust's physical, financial and human assets
(being most members of the church, who undertake activities to achieve the Trust's Objeclsl. Each year the
policies are reviewed in order lo consider possible improvements to governance and management practices.
Page 9

BATH CHRISTIAN TRUST
IA COMPANY LIMITED BY GUARANTEEI
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
The Forum is a grade 2. listed 1930's {ex-cinema) building that seats up lo 1,700 people, and occupies a
central location in the city. 11 has a large auditorium, ancillary rooms and ofFices. The Forum has been the
home of Life Church Bath (formerly Bath City Church) since 1988 and is the building where many of its
activities lake place. 11 is also an excellent venue for large concerts and conferences. Lelling the building
provides some additional Tevenue to the Trust as well as creating links with and supporting the local
community.
bl Appointment of Trustees and Members
Trustees, who must accept the Statement of Doctrines of the church, are appointed by the Members of the
company for a period of 4 years. At the end of this period, they may seek re-election for a further 4 years
before retiring.
Trust Membership is open to any individual interested in promoting the Objects of the Trust, and who is
approved by the Trustees.
cl Induction and training of Trustees
New Trustees are mentored by an existing Trustee, and are given a range of background material such as
church budgets, management accounts, policies, minutes, and Charity Commission guidance notes, to assist
their understanding of the Trustees, roles and responsibilities.
dl Safeguarding Policy
In line with requirements relating to the protection of children, young people and vulnerable adults the Trust
has issued a policy statement on safeguarding. Appropriate people have been appointed as safeguarding
coordinators and information and procedures have been discussed with all those who may be faced with such
issues on a regular basis. The Trust considers it has taken all the necessary action to ensure compliance.
el Pay policy for senior staff
Bath Christian Trust is committed to ensuring that gtsff are paid fairly and in a way which engures that the
relevant skills are attracted and retsined so as lo have the greatest impact on delivering its charitable
objectives. At the same time it is clear that the Trust has important responsibilities towards its beneficiaries
and donors, and so its processes should be transparent and appropriate.
The Trustees consider that the Board and the leadership team, with the senior management team,
undertakes the key responsibilrties in directing, controlling, running and operating the Trust.
Trustees give of their time freely and no Trustee received remuneration during the year. Details of Trustees,
expenses and related party transactions are disclosed in note 12 to the accounts.
The pay of the senior staff is reviewed periodicalty.
fj Organisational structure and decision making
In general, the Trustees have no involvement in the day-to-day management of church activities, bul have
delegated this responsibility to the church leader, Jonathan Horsfall
Trustees meet several limes a year to ensure that the Objects of the Trust are fulfilled, develop Trust policy,
oversee compliance requirements and reputation management, and review physical activity and financial
performance.
Non-remunerated Trustees establish the remuneration policy for the Trust, and appraise and sel the
remuneration of the church leader. The Chairman of the Board undertakes the annual appraisal of the full
time members of staff.
Professional advice on legal, financial and building matters is sought when necessary.
Page 10

BATH CHRISTIAN TRUST
IA COMPANY LIMITED BY GUARANTEEI
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
The Trustees reserve the following matters to themselves for decision-making..
Approval of the operating plan and budget
Changes to accounting policies
Authorisation of major capital expenditure
Borrowing facilities
Principal terms and conditions of employment, and recruitment of senior managers
Changes to church policies
All Trustees are deemed independent on the basis of their declared interests.
Management
The church leader has established a senior leadership team, which, supported by staff employees and
volunteers, is responsible for managing the day-to4ay affairs of the Trust. This includes leading church
members to a closer relationship with God, preparing and implementing the operating plan and budget,
ensuring the safety and welfare of employees and volunteers, and exercising risk management procedures.
At the end of March 2023 the Trust employed 15 full-time and 18 part-time staff.
Volunteers play a critical role in maintaining the aclniities of the Trust. At the end of March 2023 there were
approximately 689 church members12022 6601, including youth and children, most of whom were involved
in some form of church activity.
Approach to corporate governance
The Trust seeks to comply with established best practice. It believes that the highest standard of integrity is
essenb'al throughout the Trust's operab'ons.
gl Related party relationships
The Trustees set up a subsidiary company, Bath Forum Limited, on 07 March 2013 which commenced
trading on 1 April 2013. Bath Christian Trust owns 1000/0 of the share capital of Bath Forum Limited. The
principal activities of the company are..
hiring out of the Forum for events
running an independent coffee shop
This is part of the strategy for using the Forum as a great meeting place in the heart of the city. All taxable
profits will be gift aided to Bath Christian Trust.
The Trustees set up an additional subsidiary company, Bath Box Office Limited, which was incorporaled on
20th January 2021. Bath Christian Trust owns 1000/0 of the share capital of Bath Box Office Limited. The
principal activity of the company is to sell tickets for events as a supporting activity for the Forum venue and
for other organisations within the local area. All taxable profits will be gift aided to Bath Christian Trust.
PLANS FOR FUTURE PERIODS
In accordance with the Trust's Objects, our desire is for church members to become closer to God, and for
people in the crty of Bath, the nation, and overseas lo experience the Good News of Jesus Christ. Specific
activities are flexible and depend on Holy Spirit leading and available financial resources, but desired
objectives are set out below.
Page11

BATH CHRISTIAN TRUST
IA COMPANY LIMITED BY GUARANTEEI
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Principal Objectives for 2023124
Build the life of the church with new Sermon series with inward and outward focus
Light In the City- impacting those around us
Tenl-Table-Temple- a fresh look at the importance of various aspects of Christian life
Continue to develop the leadership team and explore the roles of eldership and leadership
Discipleship - One addition to the pastoral team will bring a focus on strengthening the health of
discipleship within the Church. Life group leadership meetings will recommen￿ with a planned
schedule for leaching and training in 2024. The 'Tent. Table. Temple,, series aims to stir the church
community into deeper discipleship across personal connection with God, vibrant life group fellowship,
and enriched church gatherings. Looking into 2024, we forecast steady growth in church members
joining life groups and the equipping and releasing of new life group leaders.
Build a church community that is focused on being active and confident in faith, carrying a sense of
well motivated engagement and increased mutual responsibility across a multi generational and
geographically dispersed congregation. This will be achieved by..
strengthening and extending departmental responsibilities that focus and channel activity and
ministry.,
strengthening and increasing the coverage of life groups across the church keeping people
connected and engaged in the church community.,
priorilising the development of the children and families ministry
consolidating the work with youth, students and young adults, older people
building on the Kickstart program, engaging with those attracted lo the church and its
influence in the city and surrounding region.,
ensuring that a pastoral team is in place, equipped and resourced to maintain a safe and
supportive environment for a growing community
deliver events that strengthen the community eg build on the success of previous year's
church camp
Continue to maintain an online presence for the Church and so extend the influence of the Church
and its ministries
Continue lo foster and develop open, positive relationships within the wider Christian and church
community in Bath
Support the income generation of the trading activrties by establishing a stronger, clearer brand on a
loeal and regional level, in order to relain customer visrts in an expected more crowded market
Procure academic reports lo demonstrate local economic impact on the city so as to secure our
standing and influence in future city wide decisions that could affect us eg local night time economy
transport plan
Consolidate an emerging ticket-booking fee rebate ￿heme to provide an additional income stream
Continue growing strategic local partnership relationships to seek out funding that becomes available
as the public purse regenerates posl-covid and which will benefit growlh of the charity's objectives.
Information on fundraising practices
The main SOUTce of revenue was from member donations and the tax reclaimed on these charitable gifts.
Other income was derived through the trading companies from Letting the Forum Building, from the Forum
Coffee House and from the activities of the Box Office. The charity does not engage the services of a
professional fundraiser or any commercial participator carrying out fundraising activities on its behalf.
Page 12

BATH CHRISTIAN TRUST
IA COMPANY LIMITED BY GUARANTEEI
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Disclosure of information to auditor
Each of the persons who are Trustees al the time when this Trustees, Report is approved has confirmed that..
so far as that Trustee is aware, there is no relevant audit information of which the charitable group's
auditor is unaware, and
that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware
of any relevant audit information and to establish that the charitable group's auditor is aware of that
information.
Auditor
This is the first year with Bishop Fleming performing the annual accounts audit for the organisalion. Subject to
satisfactory conclusion in the preparation of the accounts and financial statements, the designated Trustees
will propose a motion reappointing the auditor at a meeting of the Trustees.
Approved by order of the members of the board of Trustees on
behalf by..
3010112024
and signed on their
S Harrison
Trustee
Page 13

BATH CHRISTIAN TRUST
IA COMPANY LIMITED BY GUARANTEEI
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2023
The Trustees (who are also the directors of the Charity for the purposes of company lawl are responsible for
preparing the Trustees. Report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally AC￿pted Accounting Practi￿1.
Company law requires the Trustees to prepare financial statements for each financial year. Under company law,
the Trustees musl not approve the financial statements unless they are satisfied that they give a true and fair
view of the slate of affairs of the Group and the Charity and of their incoming reSoUr￿S and application of
resources, including their income and expenditure, for that period. In preparing these financial slatemenls, the
Trustees are required to..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles of the Charities SORP IFRS 1021.,
make judgments and accounting estimates that are reasonable and prudent.,
slate whether applicable UK Accounting Standards IFRS 1021 have been followed, subject lo any material
departures disclosed and explained in the financial stslemenls.,
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
Group will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufFicienl to show and explain
the Group and the Charity's transactions and disclose with reasonable accuracy al any time the financial position
of the Group and the Charity 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 Group and the Charity and
hen￿ for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 14

BATH CHRISTIAN TRUST
IA COMPANY LIMITED BY GUARANTEEI
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF BATH CHRISTIAN TRUST
OPINION
We have audited the financial statements of Bath Christian Trust (the 'parent charitable companll and ils
subsidiaries (the 'group'l for the year ended 31 March 2023 which comprise the Consolidated Statement of
Financial Aclivilies. the Consolidated Statement of Financial Position, the Charity Statement of Financial
Position, the Consolidated Statement of Cash Flows and the related notes, including a SLJmmary of significant
accounting policies. The financial reporting framework that has been applied in their preparation is applicable law
and United Kingdom AccoLJnting Stsndards, including Financial Reporting Standard 102 'The Financial Reporting
Stsndard applicable in the UK and Republic of Ireland, Iunited Kingdom Generally Accepted Accounting
practi￿).
In our opinion the financial statements..
give a true and fair view of the slate of the Group's and of the parent charitable company's affairs as at 31
March 2023 and of the Group's incoming resources and application of resources, including its income and
expenditure for the year then ended",
have been propedy prepared in accordance with United Kingdom Generally Accepted Accounting
Practice,. and
have been prepared in accordance with the requirements of the Charities Act 2011.
8ASIS FOR OPINION
We conducted our audit in accordance with Intemalional Standards on Auditing IUKI IISAS IUKII and applicable
law. Our responsibilities under those stsndards are further described in the Auditors, responsibilities for the audit
of the financial ststemenls section of our report. We are independent of the Group in accordance with the ethical
requirements that are ￿levant to our audit of the financial statements in the United Kingdom, including the
Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in
accordance with these requirements. We believe that the audit eviden￿ we have obtained is sufficient and
appropriate to provide a basis for our opinion.
CONCLUSIONS RELATING TO GOING CONCERN
In auditing the financial statements, we have concluded that the Trustees, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the Group's or the parent charitsble
company's ability to continue as a going concern for a period of at least twelve months from when the financial
statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going cOn￿M are described in the
relevant sections of this report.
Page 15

BATH CHRISTIAN TRUST
IA COMPANY LIMITED BY GUARANTEEI
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF BATH CHRISTIAN TRUST (CONTINUED)
OTHER INFORMATION
The other information comprises the information included in the AnnLJal Report other than the financial
statements and our Auditors, Report thereon. The Trustees are responsible for the other information contained
within the Annual Report. Our opinion on the financial statements does not cover the other information and,
except lo the extent othen￿lSe explicitly stated in our report, we do not express any form of assurance conclLJsion
Ihereon. Our responsibility is lo read the other information and, in doing so. consider whether the other
information is materially inconsistent with the financial statements or our knowledge obtained in the course of the
audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent
material misstatements, we are required to determine whether this gives rise to a material misstslement in the
financial statements themselves. If. based on the work we have performed, we conclude that there is a material
misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
MArrERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION
We have nothing lo report in respect of the following matters where the Charities IAccounts and Reports)
Regulations 2008 reqLJires us to reFX)rt to you if, in our opinion..
the Infomialion given in the Trustees, Report is inconsislenl in any material respect with the financial
statements., or
the parent charitable Company has not kept sufficient aceounling records," or
the parent charitable company financial statements a￿ not in agreement with the accounting records and
returns,. or
we have not received all the information and explanations we require for our audit.
RESPONSIBILITIES OF TRUSTEES
As explained more fully in the Trustees, Responsibilities Statement, the Trustees Iwho are also the directors of
the charitable company for the purposes of company lawl are responsible for the preparation of the financial
statements and for being satisfied that they give a true and fair view, and for such intemal control as the
Trustees determine is necessary to enable the preparation of financial statements that are free from material
misstatement, whether due lo fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the Group's and the parent
charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going
concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Group
or the parent charitable company or to cease opeotions, or have no realistic alternative but to do so.
Page 16

BATH CHRISTIAN TRUST
IA COMPANY LIMITED BY GUARANTEEI
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF BATH CHRISTIAN TRUST (CONTINUED)
AUDITORS. RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS
We have been appointed as auditor under section 151 of the Charities Act 2011 and report in accordance with
the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misslatemenl. whether due to fraud or error. and lo issue an Auditors, Report that includes our
opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in
accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise
from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected lo influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures
in line with our responsibilities, oullined above, lo delect material misstatements in respect of irregularities,
including fraud. The extent to which our procedures are capable of delecling irregularities, including fraud is
detailed below..
We have considered the nature of the sector, control environment, and financial performance.,
We have considered the results of enquiries with management and trustees in relation lo their own
identification and assessment of the risk of irregularities within the entity., and
We have reviewed the documentation of key pro￿$SeS and controls and performed walklhroughs of
transactions to confirm that the systems are operating in line with documenlalion.
As 8 result of these procedures, we have considered the opportunities and incentives that may exist within
the organisalion for fraud and identified the highest area of risk lo be in relation lo revenue recognition, with
a particular risk in relation to year-end cut off. In common with all audits under ISAS IUKI we are also
required to perform specific procedures to respond to the risk of management override.
We have also obtained understanding of the legal and regulatory frameworks that the Charity operates in,
focusing on provisions of those laws and regulations that had a direct effect on the delerminalion of material
amounts and disclosures in the financial statements. The key laws and regulations we considered in this
Context included the Charities Act 2011, Charity SORP 2019, FRS 102 and the terms and conditions
attaching to material gonls received by the Charity. In addition, we considered the provisions of other laws
and regulations that do not have a direct effect on the financial statements bul compliance with which may
be fundamental to the Charity's ability to operate or avoid a material penalty. These included data protection
regulations, health and safety regulations and employment legislation.
Our procedures lo respond to risks Identified Included the following..
Reviewing the financial statement disclosures and testing to supporting documentation to assess compliance
with provisions of relevant laws and regulations described as having a direct effect on the financial
statements.,
Performing analytical procedures lo identify unusual or unexpected relationships that may indicate risks of
material misslalemenl due to fraud.,
Reviewing board meeting minutes.,
Enquiring of management In relation to actual and potential claims or Iiligations.,
Performing detailed transactional testing in relation to the recognition of revenue, specifically grants, wth a
Particular focus around year-end cul off, and
In addressing the risk of fraud through management override of controls, testing the appropriateness of
journal entries and other adjustments,. assessing whether the judgments made in accounting estimates are
indicative of potential bias., and evaluating the business rationale of significant transactions that are unusual
or outside the normal course of business.
We also communicated identified laws and regulations and potential fraud risks lo all members of the
engagement team and remained alert to possible indicators of fraud or non-compliance with laws and
Page 17

BATH CHRISTIAN TRUST
IA COMPANY LIMITED BY GUARANTEEI
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF BATH CHRISTIAN TRUST (CONTINUED)
regulations throughout the audit.
As a result of the inherent limitations of an audit, there is a risk that not all irregularities, including a material
misstatement in financial statements or non-compliance with regulation, will be detected by us. The risk
increases the further removed compliance with a law and regulation is from the events and transactions
reflected in the financial statements, given we will be less likely to be aware of it, or shoLJld the irr￿ula￿ty
occur as 8 result of fraud rather than a one off error, as this may involve intentional concealment, forgery,
collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website al.. www.frc.or
.uklauditorsres
onsibilities. This description forms part of our
Auditors, Report.
USE OF OUR REPORT
This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the
Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state
lo the charitable company's trustees those matters we are reqLJired to stale to them in an Auditors, Report and
for no other purpose. To the fullest extent permilled by law, we do not accept or assume responsibility lo anyone
other than the charitable company and its members, as a body, for our audit work, for this report, or for the
opinions we have formed.
David Butler FCA DChA Isenior statutory auditor)
for and on behalf of
Bishop Fleming LLP
Chartered Accountants
Stslutory Auditors
10 Temple Back
Bristol
BS1 6FL
Dale.. 31 January 2024
Bishop Fleming LLP are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.
Page 18

BATH CHRISTIAN TRUST
IA COMPANY LIMITED BY GUARANTEEI
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES {INCORPORATING INCOME AND
EXPENDITURE ACCOUNT}
FOR THE YEAR ENDED 31 MARCH 2023
Unrestricted
funds
2023
Restricted
fund$
2023
Total
fund$
2023
Total
funds
2022
Note
Income from:
Donations and legacies
Charitable activitie$
Other trading activities
Investments
Other income
797,952
6,020
1.540.087
729
34,080
34,308
832,260
6,020
1.540,087
729
34,080
772,980
6,143
947,105
26
Total income
2,378.868
34.308
2,413.176
1,726,262
Expenditure on:
Raising funds
Charitsble activities
1,354,549
865,792
1.354,549
900,653
911,225
766,068
34,861
Total expenditure
2.220.341
34.861
2.255.202
1,677,293
Net incomellexpenditurel before
taxation
158,527
15531
157,974
48,969
12271
Taxation
14
Net movement In funds
158,527
15531
157,974
48,742
Reconciliation of funds:
Totsl funds brought forward
Nel movement in fvnds
2,748,631
158,527
29,328
15531
2,777,959
157,974
2,729,217
48,742
Total funds carried fopHard
2.907,158
28,775
2.935,933
2,777,959
Page 19

BATH CHRISTIAN TRUST
IA COMPANY LIMITED BY GUARANTEEI
REGISTERED NUMBER..04122782
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023
2023
2022
Note
Fixed assots
Tangible assets
15
2,884,312
2,898,786
2,884,312
2,898,786
Current assets
Stocks
Debtors
Cash al bank and in hand
17
18
26,116
307,021
941.837
6,970
247,062
985,155
1.274.974
1,239,187
Creditors.. amounts falling due within one
year
19
1758,576)
1805,2201
Net current assets
516.398
433,967
Total assets less current liabilities
3.400,710
3,332,753
Creditors." 8mounls f811ing due after more
than one year
20
{464,7771
1554,7941
Net assgts excluding pension asset
2,935.933
2,777,959
Total net assets
2.935,933
2,777,959
Charity funds
Reslricled funds
21
28,775
2,907,158
29,328
2,748,631
Unrestricted funds
21
Total funds
2,935,933
2,777,959
The Charity was entided lo exemption from audit under section 477 of the Companies Act 2006.
The members have not required the entity lo obtain an audit for the year in question in accordan￿ with section
476 of the Companies Act 2006.
However, an audit is required in accordance with section 151 of the Charities Act 2011.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect lo
accounting records and preparation of financial statements.
The financial slalemenls have been prepared in accordanTr with the provisions applicable to enlilies subject lo
the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by..
Page 20

BATH CHRISTIAN TRUST
IA COMPANY LIMITED BY GUARANTEEI
REGISTERED NUMBER..04122782
CONSOLIDATED STATEMENT OF FINANCIAL POSITION ICONTINUEDI
AS AT 31 MARCH 2023
S Harrison
Dale. 3010112024
The notes on pages 25 to 49 form part of these financial statements.
Page 21

BATH CHRISTIAN TRUST
IA COMPANY LIMITED BY GUARANTEEI
REGISTERED NUMBER..04122782
CHARITY STATEMENT OF FINANCIAL POSITION
FOR THE YEAR ENDED 31 MARCH 2023
2023
2022
Note
Fixed assots
Tangible assets
Investments
15
16
2,856,556
2,859,755
2.856.558
2,859,757
Current assets
Debtors
Cash al bank and in hand
18
178,863
299.131
296,180
270,314
477.994
566,494
Creditors.. amounts falling due within one
year
19
1212,472)
1197,3631
Net current assets
265.522
369, 131
Total assets less current liabilities
3.122,080
3,228,888
Creditors." 8mounls f811ing due after more
than one year
20
{464,7771
1554,7941
Net assgts excluding pension asset
2,657.303
2,674,094
Total net assets
2.657,303
2,674,094
Charity funds
Reslricled funds
21
28,775
2,628,528
29,328
2,644,766
Unrestricted funds
21
Total funds
2,657,303
2,674,094
The Charity's nel movement in funds for the year was £116,791112022 - £17,085).
The Charity was entided lo exemption from audit under section 477 of the Companies Act 2006.
The members have not required the entity lo obtain an audit for the year in question in accordan￿ with section
476 of the Companies Act 2006.
However, an audit is required in accordance with section 151 of the Charities Act 2011.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect lo
accounting records and preparation of financial statements.
The financial slalemenls have been prepared in accordanTr with the provisions applicable to enlilies subject lo
the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by..
Page 22

BATH CHRISTIAN TRUST
IA COMPANY LIMITED BY GUARANTEEI
REGISTERED NUMBER..04122782
CHARITY STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023
S Harrison
Dale.. 3010112024
The notes on pages 25 to 49 form part of these financial statements.
Page 23

BATH CHRISTIAN TRUST
IA COMPANY LIMITED BY GUARANTEEI
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2023
2023
2022
Cash flows from operating activities
Nel cash used in opeoting activities
15,411)
500,486
Cash flows from investing activitios
Dividends, interests and rents from investments
Purchase of tangible fixed assets
729
{16,898)
26
19,7361
Net cash used in investing activities
116.169}
19.7101
Cash flows from flnanclng actlvltles
Repayments of finance leases
{21.738}
121,7381
Net cash used in financing activities
121,738}
121.7381
Change In cash and cash equivalents In the year
Cash and cash equivalents at the beginning of the year
143,318}
985.155
469,038
516,117
Cash and cash equivalents at the end ofthe year
941.837
985,155
The notes on pages 25 to 49 form part of these fin8nci81 statements
Page 24

BATH CHRISTIAN TRUST
IA COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
General infomiation
Bath Christian Trust is a private company limited by guarantee. registered in England & Wales with a
company registration number 04122782. It is a registered charity with a registered nLJmber 1085602. Its
registered office, and that of its subsidiary undertakings, Bath Forum Limled and Bath Box Office Limited,
is 1 a Forum Buildings, St James Parade. Bath, BA1 1 UG.
Accounting policies
2.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS
The financial statements have been prepared in accordance with the Charities SORP IFRS 1021
Accounting and Reporting by Charities". Slalement of Recommended Practice applicable lo charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 leffeclive 1 January 20191, the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006.
Bath Christian Trust meets the definition of a public benefit entity under FRS 102. Assets and
liabilities are initially recognised at historical cost or transaction value unless olhetwise slated in the
relevant accounting policy.
The financial statements are prepared in sterling which is the functional currency of the Trust and
group and are rounded to the nearest £. Comparative information relates lo the year ended 31 March
2022.
The Consolidated Statement of Financial Activities ISOFAI and Consolidated Balan￿ Sheet
consolidated the financial statements of the Group and ils subsidiary undertaking, The results if the
subsidiary are consolidated on a line by line basis.
The Consolidated Ststemenl of Financial Activities ISOFAI and Consolidated Ststemenl of Financial
Position consolidate the financial statements of the Charity and its subsidiary undertaking. The
results of the subsidiary are consolidated on a line by line basis.
The Charity has taken advantage of the exemption allowed under section 408 of the Companies Act
2006 and has not presented ils own Statement of Financial Activities in these financial stalemenls.
2.2 COMPLIANCE WITH ACCOUNTING STANDARDS
The charitable company has adapted the headings and sut>headings of its financial statements due
to the special nature of ils business in accordan￿ with the Companies Act 2006.
The company is a registered charity and so achievements cannot be measured by normal
commercial criteria of profi't and loss. Accordingly, as permitted by Companies Act 2006, the Trustees
have presented a Statement of Financial Activities instead of a Profi't and Loss Account as, in their
opinion, this will better reflect the special nature of the charitable company's activities.
Page 25

BATH CHRISTIAN TRUST
IA COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Accounting policies Icontinuedl
2.3 GOING CONCERN
The consolidation during the year of various core activities of church life, alongside the development
of thriving Eldership. Leadership and Management teams, has provided a firm foLJndation for further
extending both the impact and reach of the church. as well as the commercial activities that are now
well-placed lo provide a thriving live music venue, and thereby generate fLJnds hal contribute towards
ongoing building improvements. Close attention continues to be given lo the analysis of budget and
cash flow forecasts over an extended period greater than twelve months so as lo be able to plan and
respond to the needs of the organisalion.
The Trustees have a reasonable expectation that the TrLJSt has adequate resources to continue in
operational existence for the foreseeable fLJture. For this reason they continue to adopt the going
concern basis in preparing the financial statements.
2.4 INCOME
All income is recognised once the Charity has entillemenl to the income, il is probable that the
income will be received and the amoLJnt of income receivable can be measured reliably.
The rec(￿nitIon of income from legacies is dependent on establishing entitlement. the probability of
receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of
entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to
them (through knowledge of the existence of a valid will and the death of the benefaclorl and the
executor is satisfied that the propety in question will not be required to satisfy claims in the estate.
Receipt of a legacy musl be recognised when it is probable that it will be received and the fair value
of the amount receivable, which will generally be the expected cash amount lo be distributed lo the
Charity, Can be reliably measured.
Grants are included in the Consolidated Statement of Financial Activities on a r￿1Vable basis. The
balance of income received for specific purposes but not expended during the period is shown in the
relevant funds on the Statement of Financial Position. Where income is received in advance of
entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where
entitlement occurs before income is received, the income is accrued.
Income lax recoverable in relation to investment income is recognised at the time the investment
income is receivable.
Other income is recognised in the period in which il is receivable and to the extent the goods have
been provided or on completion of the service.
Page 26

BATH CHRISTIAN TRUST
IA COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Accounting policies Icontinuedl
2.5 EXPENDITURE
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
to a third paty, 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 activity are made up of the total of direct costs and shared costs, including support costs
inVo￿ed in undertaking each activity. Direct costs attributable lo 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 lo a single activity are apportioned between those activities on a basis consistent with
the use of resoLJrces. Central staff costs are allocated on the basis of time spent, and depreciation
charges allocated on the portion of the asset's use.
Fundraising costs are those incurred by the charity's subsidiaries, Bath Forum Limited and Bath Box
Office Limited, in hiring out the venue. Support costs are those costs incurred directly in support of
expenditure on the objects of the TrusL
Expenditure on raising funds includes all expendilLJre incurred by the Group lo raise funds for ils
charitable purposes and includes costs of all fundraising activities events and non•charitable trading.
Expenditure on charitable activities is incurred on direclly undertaking the activities which further the
Group's objectives, as well as any associated support costs.
Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in
trading activities that raise funds.
Grants payable are charged in the year when the offer is made except in those cases where the offer
is conditional, such grants being recognised as expenditure when the conditions attaching are
fulfilled. Grants offered subject to conditions which have not been mel at the year end are noted as a
commitment, bul not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
2.6 GOVERNMENT GRANTS
Govemmenl grants relating to tangible fixed assets are treated as deferred income and released to
the Consolidated Statement of Financial Activities over the expected useful lives of the assets
concerned. Other grants are credited to the Consolidated Statement of Financial Activities as the
related expenditure is incurred.
2.7 INTEREST RECEIVABLE
Interest on ftjnds held on deposit is included when receivable and the amount can be measured
reliably by the Group," this is normally upon notification of the interest paid or payable by the institution
with whom the funds are deposited.
2.8 FOREIGN CURRENCIES
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates
of exchange ruling at the reporting date.
Transactions in foreign currencies are translated into slerfing al the rale ruling on the dale of the
transacb'on.
Exchange gains and losses are recognised in the Consolidated Statement of Financial Aclivilies.
Page 27

BATH CHRISTIAN TRUST
IA COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Accounting policies Icontinuedl
2.9 TAXATION
The Charity is considered lo pass the tests sel out in Paragraph 1 Schedule 6 of the Finance Act
2010 and therefore il meets the definition of a charitable company for UK corporation tax purposes.
Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains
received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section
256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are
applied exclusively to charitable PLJrposes.
2.10 INTANGIBLE FIXED ASSETS AND AMORTISATION
Intangible assets are capitalised and recognised when future economic benefits are probable, and
the cost or valuation of the asset can be measured reliably. Intangible assets are initially recognised
al cost and are subsequenUy measures t cost net of amortisation and any provision for impairment.
2.11 TANGIBLE FIXED ASSETS AND DEPRECIATION
Tangible fixed assets costing £500 or more are capilalised and recognised when future economic
benefits are probable and the cost or value of the asset can be measLJred reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible
fixed assets are measured al cost less accumulated depreciation and any accumulated impairment
losses. All costs incLJrred lo bring a tangible fixed asset into its intended working condition should be
included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their estimated usefvl lives, using the straighl-line method.
Depreciation is provided on the following bases..
Long-term leasehold propety
Fixtures and fillings
Other fixed asset$
200/0 straight line
33.3'/0 Straight line
Leasehold land and buildings are not depreciated as the building is regularly maintsined and the
useful economic life so long Ilhe length of the lease is 500 years from 25 March 19331 that
depreciation is immaterial. Impairment reviews are undertaken at the end of each reporting period.
2.12 INVESTMENTS
Fixed asset investments are a form of financial instrument and are Initial￿ recognised al their
transaction cost and subsequently measured al fair value at the Statement of Financial Position date,
unless the value cannot be measured reliably in which case it is measured al cost less impairment.
Investment gains and losses, whether realised or Ljnrealised. are combined and presented as
'GainsllLossesl on investments, in the Consolidated Statement of Financial Aclivilies.
Investments in subsidiaries are valued at cost less provision for impairment.
2.13 STOCKS
Stocks are valued al the lower of cost and net realisable value after making due allowance for
obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proFlOrtion of fixed
and variable overheads.
Page 28

BATH CHRISTIAN TRUST
IA COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Accounting policies Icontinuedl
2.14 DEBTORS
Trade and other debtors are recognised al the settlement amount after any trade discount offered.
Prepayments are valued al the amount prepaid net of any trade discounts due.
2.15 CASH AT BANK AND IN HAND
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity
of three months or less from the dale of acquisition or opening of the deposit or similar account.
2.16 LIABILITIES AND PROVISIONS
Liabilities are recognised when there is an obligation at the Statement of Financial Position dale as a
result of a past event, it is probable that a transfer of economic benefit will be required in settlement,
and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay lo settle the debt or the
amount it has received as advanced payments for the goods or services it musl provide.
Provisions are measured at the best estimate of the amounts required lo settle the obligation. Where
the effect of the time value of money is material, the provision is based on the present value of those
amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The
unwinding of the discount is recognised in the Consolidated Statement of Financial Activities as a
finance cost.
2.17 FINANCIAL INSTRUMENTS
The Group onty has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured al their settlement value with the exception of bank loans which are subsequently
measured at amortised cost using the effective interest method.
2.18 FINANCE LEASES AND HIRE PURCHASE
Assets obtained Ljnder hire purchase contracts and finance leases are capilalised as tangible fixed
assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their
useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases
are those where substantially all of the benefits and risks of ownership are assumed by the Group.
Obligations under such agreements are included in creditors, net of the finance charge allocated to
future periods. The finance element of the rental payment is charged to the Consolidated Statement
of Financial Activities so as to Produ￿ a constant periodic rate of charge on the net obligation
outstanding in each period.
2.19 OPERATING LEASES
Rentals paid under operating leases are charged lo the Consolidated Statement of Financial
Activities on a straight-line basis over the lease term.
2.20 PENSIONS
The Group operates a defined contribution pension scheme and the pension charge represents the
amounts payable by the Group to the fund in respect of the year.
Page 29

BATH CHRISTIAN TRUST
IA COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Accounting policies Icontinuedl
2.21 FUND ACCOUNTING
General funds are unreslricled funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Group and which have not been designated for other
purposes.
Designated funds comprise unrestricted fLJnds that have been set aside by the Trustees for particular
purposes. The aim and use of each designated fund is set OLJt in the notes lo the financial
statements.
Restricted funds are funds which are to be used in accordance with specific reslriclions imposed by
donors or which have been raised by the Group for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set out in the notes lo the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
INCOME FROM DONATIONS AND LEGACIES
Unrestricted Restricted
funds
funds
2023
2023
Total
funds
2023
Total
funds
2022
Tithes
Housekeeping offerings
Special offerings and gifts
Tax Recoverable
Government grants relating to furlough
649,530
40,011
649,530
40.011
34.308
108,411
567,747
36,541
66,222
99,863
2,807
34,308
108,411
797,952
34,308
832.260
772,980
TOTAL 2022
703,951
69,029
772,980
INCOME FROM CHARITABLE ACTIVITIES
Unrestricted
funds
2023
Total
funds
2023
Total
funds
2022
Conferences and training
6,020
6,020
6,143
TOTAL 2022
6,143
6,143
Page 30

BATH CHRISTIAN TRUST
IA COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
INCOME FROM OTHER TRADING ACTIVITIES
Income from non charitsble trading activities
Unrestricted
funds
2023
Total
funds
2023
Total
funds
2022
Charity trading income
Government grants
Sales
1,378,967
1.378.967
918,528
28,577
161,120
161,120
1,540,087
1.540.087
947,105
TOTAL 2022
947,105
947,105
INVESTMENT INCOME
Unrestricted
funds
2023
Total
funds
2023
Total
fvnds
2022
Bank Interest
729
729
26
TOTAL 2022
26
26
OTHER INCOMING RESOURCES
Unrestrieted
funds
2023
Total
funds
2023
Total
funds
2022
Other incoming resources
34,080
34,080
TOTAL 2022
Page 31

BATH CHRISTIAN TRUST
IA COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
ANALYSIS OF GRANTS
Grants to
Grants to
Institutions Individuals
2023
2023
Total
funds
2023
Total
funds
2022
Grants, Advan￿ment of the Christian Faith
and Education
60,934
38,234
99.168
96,254
TOTAL 2022
25,011
71,243
96,254
The Group has made the following material grants to institutions during the year..
2023
2022
NAME OF INSTITUTION
Philippines Project
Life Stream Ministries
Cavalry Tower
Links Intemalional
Genesis Trust
World Sport Ministries
Mercy in Action
Widcombe PCC
others (less than £1,000)
11.806
35.374
2,160
1,500
1.800
8,600
4,800
3,170
3,000
1,800
1,000
3,794
2,300
2.200
2,641
60.934
25,011
60,934
25,011
ANALYSIS OF EXPENDITURE BY ACTIVITIES
Activities
undertaken
directly
2023
Grant
funding of
activities
2023
Support
costs
2023
Total
funds
2023
Total
funds
2022
Advancement of the Christian
Faith and Education
306,929
99,168
494,556
900.653
766,068
TOTAL 2022
249,523
96,254
420,291
766,068
Page 32

BATH CHRISTIAN TRUST
IA COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
ANALYSIS OF EXPENDITURE BY ACTIVITIES {¢ontinued)
Analysis of direct costs
Total
funds
2023
Total
funds
2022
Activities
2023
Stsff costs
Ministry support
246,979
59,950
246.979
59.950
200,592
48,931
306,929
306,929
249,523
TOTAL 2022
249,523
249,523
Page 33

BATH CHRISTIAN TRUST
IA COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
ANALYSIS OF EXPENDITURE BY ACTIVITIES {¢ontinued)
Analysis of support costs
Total
funds
2023
Total
funds
2022
Wages and salaries
Depreciation
Premises costs
Repairs and maintenance
Amounts payable under operating leases
Printing, postage and stationery
Telephone
Computer and website costs
69.887
16.722
152,680
24,136
3.201
7.174
6,573
58,537
15,844
132,248
21,487
2,987
3,676
5,893
7,390
k li
Training and conferences
Fellowship and catering
Travelling expenses
Bank charges
Loan interest
Legal and professional charges
Interest on leading boilers
Miscellaneous
Equipment and consumables
Irrecoverable VAT
30.461
15.924
17,297
4,450
23.187
26.093
7,246
18,832
8.578
31.033
868
27,927
6,668
15,580
4,284
14,110
21,849
7,246
17,998
7,081
23,768
499
Office Supplies
Governance costs
24,968
25,219
494.556
420,291
Page 34

BATH CHRISTIAN TRUST
IA COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
10. GOVERNANCE COSTS
2023
2022
Auditors, remuneration
Auditors, non audit costs
strategic planning
Staff costs
Social security costs
Pension costs
24,968
15,000
5,100
5,120
18,225
1,337
700
6.000
22,161
1,726
811
55.666
45,482
11. AUDITORS. REMUNERATION
2023
2022
Fees payable lo the Trust's auditor and for the audit of the Trust and its
subsidary's annual accounts
Fees payable to the Charity's auditor in respect of.
All non-audil services not included above
16.968
15,000
8.000
5,100
The 2023 audit and preparation of the financial statements was undertaken by Bishop Fleming LLP. The
2022 engagement was completed by Mazars LLP.
12. STAFF COSTS
Group
2023
Group
2022
Charlty
2023
Charity
2022
Wages and salaries
Social security costs
Contribution lo defined contribution pension
schemes
895.432
55.156
656,791
42,229
284.387
22.161
234,259
16,513
26,669
20,055
10,318
8,357
977,257
719,075
316,866
259, 129
100/0 of staff cosls1£24,698, 2022.. £20,263) are also governance costs.
Page 35

BATH CHRISTIAN TRUST
IA COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
12. STAFF COSTS Icontinuedl
The average number of persons employed by the Charity during the year was as follows..
Group
2023
No.
Group
2022
No.
Furtheran￿ of the Christian Faith and Education
30
24
No employee received remuneration amounting to more than £60,000 in either year.
During the year 10 people were considered to be key management personnel12022' 91.
The remuneration and benefits paid to key management personnel in the year was £244,112 12022..
£151,8571.
During the year, Trustees and their related parties made donations of £89,49812022.. £46,632).
13. TRANSACTIONS MTH TRUSTEES
Expenses amounting to £13,395 12022.. £14,853, one Trusleel were paid on behalf of one Trustee lo
cover motor and travel expenses (including ministry travell, telephone costs and training expenses.
Nil12022'. Nil) was paid to Trustees for other business expenditure.
As well as being a Trustee, D Reynolds is the Oversight Leader of Life Church Bath. D Reynolds is also
the Senior Leader of five church congregations in the USA, collectively known as Life Stream Ministries.
Payments of £105,000 12022.. £63,000) were made lo Life Stream Ministries being £60,000 as lithe of
revenue, £33,000 as a 'gift' and £12,000 as stipend.
In addition a gift was made lo D+F Reynolds of £Nil12022.' £1,500) through Life Stream Ministries
Payments lotalling £13,236 {2022'. £13,363) were made by the Trust for rental accommodation for D
Reynolds and his family during the year.
14. TAXATION
2023
2022
CORPORATION TAX
TOTAL CURRENT TAX
DEFERRED TAX
Origination and reversal of timing differences
Changes lo tax rates
Adjustments in respect of prior periods
12,7161
2,994
1511
TOTAL DEFERRED TAX
227
TAXATION ON NET INCOMEIIEXPENDITURE)
227
Page 36

BATH CHRISTIAN TRUST
IA COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
14. TAXATION lcontinuedl
The tax assessed for the year is higher than12022 - lower thanl the standard rate of corporation tax in
the UK of 190/.12022 - 19Yol. The differences are explained below..
2023
2022
Nel incomellexpenditurel before tax
157,974
48,969
Nel incomellexpenditurel multiplied by the standard rate of corporation tax
in the UK of 1912022 _ 190AI.
EFFECTS OF:
30,015
9,304
Reversal of deferred tax charge and gift aid relief
{30.015}
19,0771
TOTAL TAX CHARGE FOR THE YEAR
227
Factors that may affect future tax Charges
The UK Government announced in the 2021 budget that from 1 April 2023, the rate of corporation tax in
the United Kingdom wll increase from 19,/ 10 250A. Companies with profits of £50,000 or less will
continue to be taxed at 190/0, which Is a new small profits rate. Where taxable profits between £50,000 and
£250,000, the higher 250/9 rate will apply bul with a marginal relief applying as profits Increase.
Page 37

BATH CHRISTIAN TRUST
IA COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
15. TANGIBLE FIXED ASSETS
GROUP
Long-term
leasehold Fixtures and Other fixed
property
fittings
assets
Total
COST OR VALUATION
At 1 April 2022
Additions
Disposals
2.768,267
928.380
19,705
13,707)
3.311
3.699,958
19,705
13,7071
At 31 March 2023
2.768,267
944.378
3.311
3.715,956
DEPRECIATION
At 1 April 2022
Charge for the year
On disposals
797.861
31,372
{900}
3.311
801,172
31,372
19001
At 31 March 2023
828.333
3.311
831.644
NET BOOK VALUE
At 31 March 2023
2.768,267
116.045
2.884,312
At 31 March 2022
2,768,267
130,519
2,898,786
Page 38

BATH CHRISTIAN TRUST
IA COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
15. TANGIBLE FIXED ASSETS Icontinuedl
CHARITY
Long-term
leasehold Flxtures and
property
fittings
Total
COST OR VALUATION
At 1 April 2022
Additions
Disposals
2,768,267
679,413
17.228
{3.707)
3,447,680
17.228
13.7071
At 31 March 2023
2,768,267
692,934
3,461,201
DEPRECIATION
At 1 April 2022
Charge for the year
On disposals
587,925
17.620
1900)
587,925
17,620
19001
At 31 March 2023
604,645
604,645
NET BOOK VALUE
At 31 March 2023
2,768,267
88,289
2,856,556
At 31 March 2022
2,768,267
91,488
2,859,755
Page 39

BATH CHRISTIAN TRUST
IA COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
16. FIXED ASSET INVESTMENTS
Investments
subsidiary
companies
CHARITY
COST OR VALUATION
At 1 April 2022
At 31 March 2023
NET BOOK VALUE
At 31 March 2023
AT 31 MARCH 2022
PRINCIPLE SUBSIDIARIES
The following were subsidiary undertakings of the Charity..
Names
Company
number
Class of
shares
Holding
Included in
consolidation
Bath Forum Limited
Bath Box Oftice Limited
08434485
13145769
Ordinary
Ordinary
1009/0 Yes
1009/0 Yes
The financial results of the subsidiaries for the year were..
Names
Income
Expenditure
ProfitllLossl
I Surplusl
(Deficit) for
the year
Net assets
Bath Forum Limited
Bath Box Oftice Limited
1,353.531
186.556
11,217.789)
(167.355)
155.564
19.201
256.657
21.975
Page 40

BATH CHRISTIAN TRUST
IA COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
17. STOCKS
Group
2023
Group
2022
Finished goods and goods for resale
26.116
6,970
18. DEBTORS
Group
2023
Group
2022
Charity
2023
Charity
2022
DUE WITHIN ONE YEAR
Trade debtors
145
Amounts owed by group undertakings
other debtors
Prepayments and accrued income
Tax recoverable
126.756
7.939
8,249
35,919
233,462
5,811
7,818
49,089
232.847
38,255
35,919
159,151
38,677
49,089
307.021
247,062
178.863
296, 180
Page 41

BATH CHRISTIAN TRUST
IA COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
19. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Group
2023
Group
2022
Charity
2023
Charity
2022
Bank loans
69,129
454,869
62.098
56,336
454,274
42,251
69,129
56,336
Trade creditors
other laxalion and social security
Obligations under finance lease and hire
purchase contracts
Other creditors
Accruals and deferred income
15.893
26,148
28.030
12,954
131,496
25,425
7,456
219,478
28.030
11,353
88,067
25,425
5,899
83,755
758.576
805,220
212.472
197,363
20. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Group
2023
Group
2022
Charity
2023
Charity
2022
Bank loans
Nel obligations under finance lease and hire
purchase contracts
434.184
499,857
434.184
499,857
30,593
54,937
30,593
54,937
464,777
554,794
464,777
554,794
Included within the above are amounts falling due as follows..
Group
2023
Group
2022
Charity
2023
Charity
2022
BETWEEN ONE AND TWO YEARS
Bank loans
69,129
57,766
69,129
57,766
BETWEEN TWO AND FIVE YEARS
Bank loans
207,387
182,243
207,387
182,243
OVER FIVE YEARS
Bank loans
157,668
259,848
157,668
259,848
Page 42

BATH CHRISTIAN TRUST
IA COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
21. STATEMENT OF FUNDS
STATEMENT OF FUNDS- CURRENT YEAR
Balance at
31 March
2023
Balance at 1
April 2022
Income Expenditure
UNRESTRICTED FUNDS
DESIGNATED FUNDS
E Puddiford Legacy
Youth Ministry Support Fund
YoLJth Media Fund
Ministry Fund l Youth & Children
5.939
383
4,260
6.333
13,500}
2,439
383
4,260
6.333
16,915
13,500}
13,415
GENERAL FUNDS
General Fund
Bath Forum Limited
2,627.851
101,091
2,774
838,781
1,353,531
186,556
1831.697} 2.634,935
11,217,789}
236,833
1167,355)
21,975
Bath Box Office Limited
2,731.716
2.378,868
12.216.841} 2.893,743
TOTAL UNRESTRICTED FUNDS
2,748,631
2,378,868
12,220,341) 2,907,158
RESTRICTED FUNDS
Support during homelessness
Gifts to individuals beyond Life Church Bath
Gifts to individuals In Life Church Bath
Ministry projects within Life Church Bath
Gifts to Organisalions
Hardship Fund
7,381
7,381
1.496
15.991
5.685
2,406
13,491
12,726
15,685}
12.527}
{13,116}
(13,533)
1.496
15,870
818
3,205
4,012
29.328
34.308
134.861}
28.775
TOTAL OF FUNDS
2,777,959
2,413,176
12.255,202} 2,935,933
Page 43

BATH CHRISTIAN TRUST
IA COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
21. Ststement of funds Icontinuedl
STATEMENT OF FUNDS- PRIOR YEAR
Balance at
31 March
2022
Balance at
1 April 2021
Transfers
inlout
Income Expenditure
Taxation
UNRESTRICTED
FUNDS
DESIGNATED
FUNDS
E Puddiford
Legacy
Youth Ministry
Support Fund
Youth Media Fund
Ministry Fund I
Youth & Children
12,439
16,5001
5,939
583
4,260
12001
383
4,260
6,333
6,333
23,615
16,7001
16,915
GENERAL
FUNDS
General Fund
Bath Forum
Limited
Bath Box Office
Limited
2,610,937
710,128
1696,0231
2,809
2,627,851
77,309
813,271
1789,2621
12271
101,091
133,834
1131,0801
2,774
2,688,246
1,657,233
11,616,345)
12271
2,809
2,731,716
TOTAL
UNRESTRICT
ED FUNDS
2,711,861
1,657,233
11,623,045)
12271
2,809
2,748,631
Page 44

BATH CHRISTIAN TRUST
IA COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
21. Ststement of funds Icontinuedl
RESTRICTED
FUNDS
Support during
homelessness
Gifts to
individuals
beyond Life
Church Bath
7,594
12131
7,381
3,500
13,5001
Gifts to
individuals in
Life Church
Bath
Ministry projects
within Life
Church Bath
Gifts to
Organisations
Hardship Fund
Government
CJRS Scheme
86
27,119
125,7091
1,496
4,309
11,682
15,991
453
8,903
14,936
8,985
114,9461
113,8761
443
1,205
12,8071
2,807
2,807
21,350
69,029
158,2441
12,8071
29,328
TOTAL OF
FUNDS
2,733,211
1,726,262
11,681,289)
12271
2,777,959
Page 45

BATH CHRISTIAN TRUST
IA COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
21. Ststement of funds Icontinuedl
DESCRIPTION OF FUNDS
Unrestricted fLJnds
Tithe of revenue
Bath Christian Trust allocated a proportion of its funds to further the work of other charitable causes and
Christian ministries and projects in this country and for mission overseas. These funds are distributed in
accordance with the goveming document of Bath Christian Trust whose objectives are..
The advancement of the Christian faith in accordan￿ with the statement of doctrines in Bath
Christian Trust's memorandum of Association.,
To relieve those in conditions of need, hardship or distress or who are aged or sick., and
To promote education {including vocational trainingl on the basis of Christian principles.
E Puddiford Legacy
Funds lo be set aside for projects furthering the advan￿ment of the Kingdom of God.
Youth Ministry Support Fund
Funds allocated for young people in Life Church Bath to be able lo pursue ministry training
Youth Media Fund
Funds allocated for equipment and publicity required to facilitate youth events in Life Church Bath.
Ministry Fundl Youth and Children
Funds allocated lo further the work with youth and children.
Reslricled funds
Support during homelessness
Helping people during periods of transition during accommodation difficulties.
Philippines- SUPPOrting the poor
Life Church Bath supports the work of one of our church members who lives and works in and around
Ozamiz City with the Happy Church. She runs many projects and initiatives to build people up in their
Christian faith and help them work their way out of the poverty trap that the people of the nation find
themselves in. Various people within the church have become involved in raising the profile of, and funds
for, relief and development there, as well as towards the main aim, which is to encourage the Filipino
Christian in their faith.
Gifts to individuals within and beyond Life Church Bath
Donations that were requested lo be transferred to individuals.
Ministry projects within Life Church Bath
Gifts given lo fund the various ministries within Life Church Bath, including Worship, Prayer, Church
Planting and working with people from overseas.
Gifts to Organisalions
Gifts given to support the woth of various organisations which share the same charitable objectives.
Hardship Fund
A fund that can be used to help individuals and families, both locally and further afield, who are
experiencing financial difficulty during the pandemic and other situations that create hardship.
Page 46

BATH CHRISTIAN TRUST
IA COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
22. SUMMARY OF FUNDS
SUMMARY OF FUNDS- CURRENT YEAR
Balance at
31 March
2023
Balance at 1
April 2022
Income Expenditure
Designated funds
General funds
16.915
2,731,716
29,328
13.500}
13,415
12,216,841} 2,893,743
134,861)
28,775
2,378,868
34,308
Reslricled funds
2,777.959
2.413,176
12.255.202} 2.935,933
SUMMARY OF FUNDS- PRIOR YEAR
Ba18nce at
31 March
2022
Balance at
1 April 2021
Transfers
inlout
Income Expenditure
Taxation
Designated
funds
General funds
Reslricled funds
23,615
2,688,246
21,350
16,7001
11,616,345)
158,2441
16,915
2,731,716
29,328
1,657,233
89,029
12271
2,809
12,8071
2,733,211
1,726,262
11,681,289)
12271
2,777,959
23. ANALYSIS OF NET ASSETS BETWEEN FUNDS
ANALYSIS OF NET ASSETS BETWEEN FUNDS- CURRENT YEAR
Unrestricted Restricted
funds
funds
2023
2023
Total
funds
2023
Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
2,884,312
1,246, 199
1758,5761
1464,7771
2,884,312
1,274,974
{758.5761
{464.7771
28,775
TOTAL
2,907, 158
28,775
2,935,933
Page 47

BATH CHRISTIAN TRUST
IA COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
23. ANALYSIS OF NET ASSETS BETWEEN FUNDS Icontinuedl
ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR
Unrestricted
funds
2022
Reslricled
funds
2022
Total
funds
2022
Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
2,898,786
1,209,859
1805,2201
1554,7941
2,898,786
1,239, 187
1805,2201
1554,7941
29,328
TOTAL
2,748,631
29,328
2,777,959
RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING
ACTIVITIES
24.
Group
2023
Group
2022
Nel income for the year las per Stslemenl of Financial Acliviliesl
157.974
48,742
ADJUSTMENTS FOR:
Depreciation charges
Dividends, interests and rents from investments
Increase in stocks
Increase in debtors
31,372
{729}
{19.146}
1105,147)
(69,735)
30,979
1261
15,0201
155,8651
485,672
Increasel Idecreasel in creditors
NET CASH PROVIDED BYIIUSED INI OPERATING ACTIVITIES
15,411)
504,482
25. ANALYSIS OF CASH AND CASH EQUIVALENTS
Group
2023
Group
2022
Cash in hand
941,837
985, 155
TOTAL CASH AND CASH EQUIVALENTS
941.837
985, 155
Page 48

BATH CHRISTIAN TRUST
IA COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
26. ANALYSIS OF NET CHANGES IN DEBT
At 1 April
2022 Cash flows
At 31 March
2023
Cash at bank and in hand
Debt due within 1 year
Debt due after 1 year
Finance leases
985,155
63,7921
{499.8571
180.3621
143,318}
(18,291)
65.673
21.739
941,837
82,0831
{434.1841
158.6231
341,144
25,803
366,947
27. PENSION COMMITMENTS
The charitable company operates a defined contribution pension scheme. The assets of the scheme are
held separately from those of the charitable company in an independently administered fund. The pension
cost charge represents contributions payable by the Trust lo the fund and amounted lo £26,669 12022..
£20,053). Contributions tolalling £9,19412022'. £4,181) were payable lo the fund at the balance sheet dale
and are included in creditors.
28. FINANCE LEASE COMMITMENTS
At 31 March 2023 the Group and the Charity had commitments to make future minimum lease payments
under non-cancellable operating leases as follows..
Group
2023
Group
2022
Charity
2023
Charity
2022
Not later than 1 year
Later than 1 year and not later than 5 years
28,030
30.593
37,177
76,055
28,030
30.593
37,177
113,232
58.623
113,232
58.623
150,409
Page 49

Bath Christian Trust 31-03-2023 - Final
Accounts_for signing
Final ALJdil Report
2024-01-30
Created..
20244)1-30
By..
Helen Lolwd( Ihelen.lotiMGk@lifechurthbath.cotnl
Slalus..
Signe(I
Transaction ID..
CBJCHBCAABAAMICqMi-5n10LNowcUEC41FkXck-ebja
"Bath Christian Trust 31-03-2023 - Final Accounts_for signing" H
istory
Docum8nt created by Hel6n Lotwick {helen.lotwick@lif8churchbath.coml
2024-01-30- 5'.32'.36 PM GMT- IP address.. 51.52.159.66
Document emailed to Simon Harrison lsimon.harrison@porticodesigns.coml for signature
2024-01-30- 5..32..42 PM GMT
Email viewed by Simon Harrison lsimon.harrison@porticodesigns.coml
2024-0140- 5".35".34 PM GMT- IP addtsss." 104.47.51.254
Document e-signed by Simon Harrison lsimon.harrison@portiwdesigns.coml
Signature Dale.. 2024-01-30- 5'.36'.32 PM GMT- Time Source.. server- IP address.. 87.117.64.68
Agreement completed.
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