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← The Beacon Church Camberley

2024-03-31-accounts

Report and Accounts Year ended 31st March 2024

1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk

THE BEACON CHURCH CAMBERLEY

CONTENTS

FOR THE YEAR ENDED 31 MARCH 2024

Page
Contents 1
Company Information 2
Trustees' Annual Report 3-5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Accounts 9-15
Detailed Statement of Financial Activities with Comparatives 16

Page 1

THE BEACON CHURCH CAMBERLEY

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2024

Legal and Administrative Information Legal and Administrative Information
Trustees/Directors Chairman Jonathan Simpson
Adrian Holloway
Chris Mackinlay
Tim Chapman
Andrew Booth
Beverley Smallbone
Ralph Gomarsall
Andrew Wayland - resigned 8th June 2023
Pamela Neail - resigned 7th September 2023
Key Management Lead Elder Adrian Holloway
Elder Chris Mackinlay
Elder Tim Chapman
Elder Andrew Booth
Governing Document Memorandum and Articles of Association incorporated on 10 Nov 2004
amended by Special Resolution dated 27 Feb 2010
Company Registration Number 05283116
Charity Registration Number 1107316
Address of principal & The Beacon Church
registered office Berkshire Road
Camberley
GU15 4DG
Independent Examiner Archie McDowall BA CA
Stewardship
1 Lamb's Passage
London
EC1Y 8AB
Bankers Lloyds TSB Bank PLC Cambridge & Counties Bank
19 Obelisk Way Charnwood Court
Camberley New Walk
Surrey Leicester
GU15 3SE LE1 6TE
Solicitors Heald Nickinson
Lansdowne House
Knoll Road
Camberley
GU15 3SY

Page 2

THE BEACON CHURCH CAMBERLEY

TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 MARCH 2024

The trustees, who are the charity's directors for the purposes of company law, have pleasure in submitting the Report and Accounts for the year.

Objects of the charity

The charity is a charitable company and is governed by its memorandum and articles of association. The objects of the charity, as set out in the governing document are:

a) To advance the Christian faith

b) To relieve persons who are in conditions of need or hardship or who by reason of age or sickness are in need and to relieve the distress caused thereby.

c) To promote and fulfil such other charitable purposes. to the community in the county of Surrey and in such other parts of the United Kingdom or the world as the trustees may from time to time think fit.

The Beacon Church, Camberley belongs to Commission, which is part of the New Frontiers family of churches. Commission is an international family of churches working together to see ‘Thousands of lives transformed, through hundreds of churches, in tens of nations’.

The Mission statement of the church is: "We are here to help people: Know God, Find Freedom, Discover their Purpose and Make a Difference."

The Vision statement of the church is: we see "A growing church of 500 people, transforming lives and building community."

In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.

Summary of the charity's main activities and achievements

To advance the Christian faith, we have continued to work hard at making our Sunday services more accessible to people who are not yet Christians. Towards the end of the period under review, we gave more staff resource to this end, adding one new paid part-time staff to support the worship team, and adding “worship team” to another existing staff member’s job description. We have continued to see an average of 7 new first-time adult visitors on a typical Sunday. To give some context, when the church first met in person post-Covid in July 2021, we had 162 attend. During 2023-24 we regularly had more than 280 in attendance, and we had 327 attend on Easter Sunday 2024. In this respect we are moving closer to our vision of being a growing church of 500 people.

In terms of our mission, we saw people come to “Know God” for the first time. This was both at Sunday services and on our Alpha Course, which moved in person after 3 years of being online only.

One of the things we do to help people “Find Freedom” is Debt Counselling. That is to say that we partner with a debt counselling charity called Frontline, who provide free debt counselling for anyone in the area. Three of the 4 Frontline counsellors who operate out of our building, The Beacon Centre, are

Structure, Governance and Management

The trustees who have served during the year and since the year end are set out on page 1. Trustees are appointed by the members of the charitable company by way of ordinary resolution. Alternatively, existing trustees may appoint trustees to serve until the subsequent annual general meeting, at which they may be reappointed by the members.

Page 3

THE BEACON CHURCH CAMBERLEY

TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 MARCH 2024

The Elders who are also trustees of the charity, meet regularly to oversee the spiritual leadership of the church. The day to day management of the charity has been delegated to the Elders. The trustees meet together corporately at least quarterly.

Trustees are selected based on experience within the church and of charitable and operational knowledge. Anybody chosen as an Elder, which follows a separate process by which the church and Elders prayerfully consider appointment, is expected to become a trustee. During the appointment process, prospective trustees are informed of their legal responsibilities should they become trustees of the charity. Changes to these responsibilities are discussed at trustee meetings.

All of the trustees are members of the charity. The members’ liability is limited to £10 each.

Financial review

During the year income increased by £60,262 to £458,562, and expenditure increased by £42,985 to £457,885. As a result the charity made a surplus for the year of £677 compared to a deficit in the prior year of £16,600 increasing the charity's net assets to £1,164,477.

Reserves policy

The reserves policy, as set and reviewed regularly by the trustees, is to maintain unrestricted funds, which are the free reserves of the charity, at a level which equals the sum of the equivalent of three months staff costs, plus an additional amount for equipment replacement recognising the need to maintain or replace larger items the Beacon Centre.

At 31 March 2024, reserves, being equivalent to net current assets in general funds, totalled £256,500 (2023: £192,700). The current reserves are allocated as follows; 3 months’ staff costs which approximate to £43,000 and equipment replacement reserve is set at £35,000, recognising the Beacon Centre being 13 years old. Restricted funds come to a total of £13,300 (2023: £13,700). £178,500 (2023: £114,700) remains as free reserves available to be used for the future activities being explored as described above. The trustees have forecasted income and expenditure for the foreseeable future and plan to retain the majority of the free reserves in the coming year. They believe sufficient funding is in place to support the ongoing activities of the Church.

Responsibilities of trustees under company law

The trustees are responsible for preparing the trustees' annual 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 trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the trustees are required to:

  1. select suitable accounting policies and apply them consistently;

  2. observe the methods and principles in the Charities SORP;

  3. make judgements and estimates that are reasonable and prudent;

  4. state whether the applicable accounting standards have been followed, subject to any material

departures disclosed and explained in the financial statements; and

  1. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.

Page 4

THE BEACON CHURCH CAMBERLEY

TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 MARCH 2024

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approval

This report, which has been prepared in accordance with the provisions of the Companies Act 2006 relating to small companies, was approved by the trustees and signed on their behalf by:

J.M.Simpson J.M.Simpson (Dec 12, 2024 12:50 GMT)

_______ JONATHAN SIMPSON - Chairman

Dec 12, 2024 Date: _______ 2024

Page 5

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

THE BEACON CHURCH CAMBERLEY

('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024 on pages 7 to 16 following, which have been prepared on the basis of the accounting policies set out on pages 9 to 10.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company 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 your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Institute of Chartered Accountantsof Scotland, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts 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

  4. the accounts 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 drawn in this report in order to enable a proper understanding of the accounts to be reached.

Archie McDowall

Archie McDowall (Dec 13, 2024 11:24 GMT)

Archie McDowall BA CA Member of the Institute of Chartered Accountants of Scotland

Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: Dec 13, 2024

Page 6

THE BEACON CHURCH CAMBERLEY

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2024

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Investments
5
Total income and endowments
EXPENDITURE ON:
Charitable activities
6
Total expenditure
Net gains/(losses) on investments
Net income/(expenditure)
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
12		 Unrestricted
Funds
£
430,464
24,292
3,806
458,562
457,444
457,444
-
1,118
1,150,100
1,151,218		 Restricted
Funds
£
-
-
-
-
441
441
-
(441)
13,700
13,259		 Total
Funds
2024
£
430,464
24,292
3,806
458,562
457,885
457,885
-
677
1,163,800
1,164,477		 Total
Funds
2023
£
375,300
21,600
1,400
398,300
414,900
414,900
-
(16,600)
1,180,400
1,163,800

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing operations.

The statement of financial activities also complies with the requirements for an income and expenditure account required by the Companies Act 2006.

The notes on page 9 -15 form part of these accounts.

Page 7

THE BEACON CHURCH CAMBERLEY

BALANCE SHEET

AS AT 31 MARCH 2024

Note
FIXED ASSETS
Tangible assets
8
CURRENT ASSETS
Debtors
9
Cash at bank and in hand
CREDITORS: Amounts falling
due within one year
10
Net current assets / (liabilities)
Total assets less current liabilities
TOTAL NET ASSETS
FUND BALANCES
12
Unrestricted Funds
General funds
Designated funds
Restricted Funds		 Unrestricted
Funds
£
894,382
894,382
20,831
277,170
298,001
(41,165)
256,836
1,151,218
1,151,218
1,145,556
5,661
1,151,218
-
1,151,218		 Restricted
Funds
£
-
-
1,200
12,059
13,259
-
13,259
13,259
13,259
-
-
-
13,259
13,259		 Total
Funds
2024
£
894,382
894,382
22,031
289,229
311,260
(41,165)
270,095
1,164,477
1,164,477
1,145,556
5,661
1,151,218
13,259
1,164,477		 Total
Funds
2023
£
957,425
957,425
12,100
205,455
217,555
(11,180)
206,375
1,163,800
1,163,800
1,144,900
5,200
1,150,100
13,700
1,163,800

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006 however, in accordance with Section 145 of the Charities Act 2011, the accounts have been examined by an independent examiner and their report has been included in these financial statements.

The directors (who are the charitable company's trustees for the purposes of charity law) acknowledge their responsibilities

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors and were signed on its behalf by:

J.M.Simpson (Dec 12, 2024 12:50 GMT)J.M.Simpson --------------------------------------Jonathan Simpson

Dec 12, 2024 Date: _______

Company number: 05283116

Charity number: 1107316

The notes on page 9 -15 form part of these accounts.

Page 8

THE BEACON CHURCH CAMBERLEY

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

1 Statutory Information

The charity is a charitable company limited by guarantee and is incorporated in the United Kingdom. The company's registered number and registered office address can be found on the Company Information page.

2 Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention as modified by the revaluation of certain assets, which are measured at fair value through the Statement of Financial Activities.

These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102"), with the Companies Act 2006 and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The principles adopted in the preparation of the financial statements are set out below.

Income from donations and legacies includes:

The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.

When donated goods, services and facilities are distributed or consumed, an expense in respect of those items is included in the Statement of Financial Activities. At the year end any goods that have not been distributed or consumed are recognised as stock; donated fixed assets are capitalised.

Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from church retreats and other events and courses.

Investment income represents income generated by the charity's assets and includes income from cash deposits.

Other income comprises gains arising from the disposal of tangible fixed asset.

c) Expenditure Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the

Page 9

THE BEACON CHURCH CAMBERLEY

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

The cost of raising funds is not significant and has not been separately disclosed.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

d) Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.

e) Tangible fixed assets

Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £500 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation

Freehold buildings Over 50 years after taking account of the building's residual value
Fixtures and fittings 15 to 25 years
Short lease 10 years
Furniture and equipment 4 years

The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.

f) Pension scheme arrangements

The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.

g) Taxation

The company is a registered charity; it has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.

h) Financial instruments

The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Except for loans, creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive). The charity recognises liabilities for the principal of those loans that remains outstanding at the year end (i.e. the liabilities exclude any interest chargeable on the loans in future years).

i) Exemption from preparing a cashflow statement

The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow

3 Donations and legacies

Cash donations (including tax recoverable)
Donations in kind
4
Income from charitable activities
Ministry activities		 2024
£
428,764
1,700
430,464
2024
£
24,292
24,292		 2023
£
373,700
1,600
375,300
2023
£
21,600
21,600

Page 10

THE BEACON CHURCH CAMBERLEY

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

5 Investment income

Bank interest
6
Charitable expenditure
a
Costs incurred directly on specific activities
Staff costs
Building costs
Ministry activities
Depreciation
Donations in kind expensed
Grants payable (note 6c)
b
Costs incurred on support & administration
Governance costs
Independent examiner's fee
Insurance
Sundry
Bank charges
Statutory compliance
Professional fees
Total expenditure		 2024
£
3,806
3,806
2024
£
166,477
65,884
119,647
68,618
1,700
422,326
24,760
447,086
2,060
2,060
2,915
495
1,036
858
3,435
10,799
457,885		 2023
£
1,400
1,400
2023
£
166,800
41,800
106,500
67,000
1,600
383,700
20,900
404,600
1,980
1,980
2,800
1,600
300
700
2,920
10,300
414,900

The fee payable to the independent examiner for examining the accounts was £2,060 (2023: £1,980); in addition the charity paid £831 (2023: £842) to Stewardship for payroll bureau and £210 (2023: £200) for consultancy services.

c Grants payable

Commission Apostolic Ministries
Camberley Besom
Camberley Youth for Christ
Evangelical Alliance
The comparatives for the previous year are as follows:
Commission Apostolic Ministries
Camberley Besom
Camberley Youth for Christ
Evangelical Alliance
Hardship		 Institutions
£
22,400
1,560
600
200
24,760
Institutions
£
17,400
1,600
600
200
-
19,800		 Individuals
£
-
-
-
-
-
Individuals
£
-
-
-
-
1,100
1,100		 2024
£
22,400
1,560
600
200
24,760
2023
£
17,400
1,600
600
200
1,100
20,900

7 Analysis of staff costs, the cost of key management personnel and trustee remuneration

The average monthly number of employees during the year was 5 (2023: 6). Most of the charity's activities are carried out by volunteers.

No staff received salaries at a rate of more than £60,000 per annum.

Page 11

THE BEACON CHURCH CAMBERLEY

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

The charity's key management comprise the trustees and the key staff named on the Company Information page. Total employment benefits payable to key management for the year were as follows:

Other
Employer
Wages &
employment
pension
salaries
benefits
contributions
Trustees:
Adrian Holloway
37,862
-
3,029
Chris Mackinlay
42,118
-
3,369
following amounts were payable in the previous year:
Other
Employer
Wages &
employment
pension
salaries
benefits
contributions
Trustees:
Adrian Holloway
36,582
-
2,927
Chris Mackinlay
40,529
-
3,242
Tina Craig
11,527
-
922		 2024
£
40,891
45,487
86,378
2023
£
39,509
43,771
12,449
95,728

The following amounts were payable in the previous year:

Adrian Holloway and Chris Mackinlay served as church leaders and received the above payments for serving in that capacity, not for serving as trustees; these payments are permitted by the charity's governing document.

No trustees received employment benefits in either the current or preceding year.

8 Tangible fixed assets

Cost
At 1 April 2023
Additions
Gains / (losses) on revaluation
Disposals
At 31 March 2024
Accumulated depreciation
At 1 April 2023
Charge for the year
Eliminated on disposal
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023		 Land and
buildings
£
883,225
-
-
-
883,225
(165,899)
(13,922)
-
(179,821)
703,404
717,326		 Fixtures and Furniture and
fittings
equipment
£
£
748,088
153,272
-
5,575
-
-
-
-
748,088
158,847
(523,229)
(138,032)
(45,370)
(9,326)
-
-
(568,599)
(147,358)
179,489
11,489
224,859
15,240		 Total
2024
£
1,784,585
5,575
-
-
1,790,160
(827,160)
(68,618)
-
(895,778)
894,382
957,425

Land valued at £187,200 has not been depreciated during the year.

The freehold land on which the building is located is subject to a restrictive covenant in favour of the local council. The cost to lift this restricted covenant is estimated to be around 25% of any sales proceeds obtained for the property.

9 Debtors

Falling due within one year:
Tax recoverable
Prepayments and accrued income		 2024
£
5,789
16,242
22,031		 2023
£
9,000
3,100
12,100

Page 12

THE BEACON CHURCH CAMBERLEY

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

10 Creditors: liabilities falling due within one year

Trade creditors
Other creditors and accruals
Deferred income		 2024
£
12,373
22,327
6,465
41,165		 2023
£
4,400
1,980
4,800
11,180

11 Pension commitments

During the year employer’s pension contributions totalling £8,556 (2023: £11,040) were payable to defined contribution personal pension schemes. At the balance sheet date pension contributions of £1,832 (2023: £1,159) were payable.

12 Funds

Designated and unrestricted funds comprise those funds which the trustees are free to use in accordance with the charitable objectives.

Restricted funds must be used for the specific purpose laid down by the donor. Expenditure which meets that purpose is allocated to the relevant restricted fund.

Specifically:

During the year the movements in the charity's funds were as follows:

Designated Funds
Family fund
Commission Festival
Other ministries
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Hardship
Pastoral training
Youth
Aggregate of funds		 Opening
balance
2024
£
1,100
-
4,100
5,200
1,144,900
1,150,100
7,200
1,300
5,200
13,700
1,163,800		 Incoming
resources
2024
£
-
6,750
15,499
22,249
435,814
458,063
-
-
-
-
458,063		 Outgoing
resources
2024
£
(494)
(6,438)
(14,855)
(21,788)
(435,158)
(456,946)
(435)
-
(6)
(441)
(457,386)		 Transfers
in the year
2024
£
-
-
-
-
-
-
-
(50)
50
-
-		 Closing
balance
2024
£
606
312
4,744
5,661
1,145,556
1,151,218
6,765
1,250
5,244
13,259
1,164,477

Page 13

THE BEACON CHURCH CAMBERLEY

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

Tangible fixed assets
Debtors
Cash at bank and in hand
Creditors falling due within one year		 General
Designated
funds
funds
£
£
894,382
-
15,205
5,626
277,134
35
(41,165)
-
1,145,556
5,661
Unrestricted Funds		 Restricted
funds
£
-
1,200
12,059
-
13,259		 2024
£
894,382
22,031
289,229
(41,165)
1,164,477

In the previous year the movements in the charity's funds were as follows:

Designated Funds
Family fund
Other ministries
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Youth
Frontline
Pastoral training
Hardship
Aggregate of funds		 Opening
balance
2023
£
100
5,700
5,800
1,157,000
1,162,800
7,900
200
1,300
8,300
17,700
1,180,500		 Incoming
resources
2023
£
-
15,800
15,800
382,500
398,300
-
-
-
-
-
398,300		 Outgoing
resources
2023
£
-
(19,900)
(19,900)
(391,100)
(411,000)
(2,700)
(200)
-
(1,100)
(4,000)
(415,000)		 Transfers
in the year
2023
£
1,000
2,500
3,500
(3,500)
-
-
-
-
-
-
-		 Closing
balance
2023
£
1,100
4,100
5,200
1,144,900
1,150,100
5,200
-
1,300
7,200
13,700
1,163,800

Analysis of net assets by fund

In the previous year, the assets and liabilities of the various funds were as follows:

Unrestricted Funds

Tangible fixed assets
Debtors
Cash at bank and in hand
Creditors falling due within one year		 General
funds
£
957,425
12,100
186,555
(11,180)
1,144,900		 Designated
funds
£
-
-
5,200
-
5,200		 Restricted
funds
£
-
-
13,700
-
13,700		 2023
£
957,425
12,100
205,455
(11,180)
1,163,800

Page 14

THE BEACON CHURCH CAMBERLEY

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

13 Transactions with related parties

During the year the charity received donations totalling £70,083 (2023: £87,103) from related parties (which includes trustees, any other members of key management and anyone closely connected to them).

Except as disclosed in note 7 'Analysis of staff costs', there have been no other transactions with related parties during the year.

Page 15

THE BEACON CHURCH CAMBERLEY

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 MARCH 2024

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
5
Other income
6
Total income and endowments
EXPENDITURE ON:
Charitable activities:
6
Raising funds
7
Other
Total Expenditure
Net gains/(losses) on investments
Net income/(expenditure)
Transfers between funds
12
Other recognised gains/(losses):
Gains/(losses) on revaluation of fixed assets
11
Other gains/(losses)
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
12
Actuarial gains/(losses) on defined benefit
pension schemes		 General
Designated
2024
2024
£
£
408,215
22,249
24,292
-
3,806
-
436,313
22,249
435,657
21,788
-
-
435,657
21,788
-
656
461
-
-
656
461
656
461
1,144,900
5,200
1,145,556
5,661
Unrestricted funds		 Restricted
2024
£
-
-
441
441
(441)
-
(441)
(441)
13,700
13,259		 Total
2024
£
430,464
24,292
-
3,806
-
458,562
457,885
-
-
457,885
-
677
-
677
-
-
-
677
1,163,800
1,164,477		 General
Designated
2023
2023
£
£
359,500
15,800
21,600
-
-
-
1,400
-
-
-
382,500
15,800
391,000
19,900
-
-
391,000
19,900
-
(8,500)
(4,100)
(3,500)
3,500
(12,000)
(600)
(12,000)
(600)
1,156,900
5,800
1,144,900
5,200
Unrestricted funds		 Restricted
2023
£
-
-
-
-
-
-
4,000
4,000
(4,000)
-
(4,000)
(4,000)
17,700
13,700		 Total
2023
£
375,300
21,600
-
1,400
-
398,300
414,900
-
-
414,900
-
(16,600)
-
(16,600)
-
-
-
(16,600)
1,180,400
1,163,800

Page 16