**Community of Christ – British Isles Mission Centre** ## **Report and Financial Statements** Year ended 31[st] December 2023 Charity No: 1119770 |Contents|Page| |---|---| |Legal and Administrative Information|1| |Report of the Trustees|2| |Report of the Independent Examiner|6| |Statement of Financial Activities|
7| |Balance Sheet|8| |Notes forming part of the Financial Statements|9| ## **Community of Christ – British Isles Mission Centre** ## **Legal and Administrative Information** ## **Charity Trustees** The Charity Trustees are the members of the Mission Centre Leadership Team. The following served as trustees for the whole of the year ended 31[st] December 2023: Andrew Fox (Mission Centre President and Financial Officer) Andrew Fellows Rebecca Tilbury Gillian Vincent Andrew Fox (Mission Centre President), Wayne Farmer (Mission Centre Financial Officer), Andrew Fellows, Rebecca Tilbury and Gillian Vincent were trustees at the date of the signing of this report. ## **Principal Office** British Isles Mission Centre Office Community of Christ, Thanet Street, Clay Cross, Chesterfield, S45 9JS ## **Bankers** Barclays Bank plc, Kingsway Branch, The Kingsway, Swansea. SA1 1AW ## **Solicitors** Morgan LaRoche, Bay House, Phoenix Way, Swansea, SA7 9YT 1 ## **Community of Christ - British Isles Mission Centre** ## **Report of the Mission Centre Trustees for the year ended 31[st] December 2023** The Trustees present their report together with the Financial Statements for the year ended 31[st] December 2023. The Financial Statements have been prepared in accordance with the accounting policies set out on page 8 and comply with the Church’s governing documents and applicable law. ## **Structure, Governance and Management** The charity, Community of Christ – British Isles Mission Centre (charity number 1119770), was registered with the Charity Commission on 21[st] June 2007. The governing document is the Mission Centre Constitution dated 22[nd] April 2007 which incorporates the World Church bylaws (“the Bylaws”). The trustees of the Mission Centre are the Mission Centre Leadership Team which consists of the Mission Centre President and Mission Centre Financial Officer who, in accordance with the Bylaws, are appointed by the World Church Leadership Council together with such other persons who are appointed by the Mission Centre President as provided for in the Bylaws. All members of the Mission Centre Leadership Team are sustained by the Mission Centre Conference. ## **Constitution and Objects** The objects of the Mission Centre are the advancement of the Christian religion for the benefit of the public in accordance with the doctrine and statements of belief of the Community of Christ. Community of Christ is a Christian church whose purpose and mission is to proclaim Jesus Christ and promote communities of joy, hope, love, and peace. The Mission Initiatives of the church are to: Invite People to Christ, Pursue Peace on Earth, Abolish Poverty, End Suffering, Develop Disciples to Serve and Experience Congregations in Mission. In accordance with the Bylaws, the Mission Centre exists to support congregations, facilitate church expansion, and provide linkage between World Church ministries and congregations. Its key functions include but are not limited to: pastoral support of congregational leaders; leadership skill development; congregational consultant ministries; missionary ministries; church planting; congregational crisis support; financial resource development support; specialised ministries (e.g., children, youth, young adult); coordination of periodic celebration events (e.g., camps, conferences and retreats); technical assistance to congregations (e.g., legal, risk management, property management); human resources; and essential administrative functions (e.g., implementation of World Church policies, priesthood administration, pastoral supervision). The Mission Centre provides for the networking and grouping of congregations to encourage mutual support, foster church identity, pursuit of common causes, and to provide fellowship, leadership development and celebration opportunities. It is responsible for coordinating the management, creation, maintenance, and disposition of campgrounds, administrative offices, and other ancillary entities that exist within the scope of its responsibility. 2 ## **Achievements and Performance** The Mission Centre has continued to provide support to congregations, opportunities for expansion, and a link between World Church ministries and the congregations and online communities in the British Isles. The ‘Sharing in Community of Christ’ booklet, produced by World Church, which provides an overview of the identity, mission, message and beliefs of the Church is used as foundational information for mission alignment, worship, teaching and preaching ministries. A programme of activities was provided by the Mission Centre during the year. This included a camping programme for children, youth and young adults, several retreats and a summer camp for all ages. Two Mission Centre conferences were held during the year allowing members of the church to have significant times of worship and fellowship as well as to conduct the business of the church. The Mission Centre continued to provide support to congregations and members by arranging regular meetings of congregational pastors and priesthood members as well as providing a weekly online worship service. The Mission Centre continued to be well served by the employed ministers of the church. Volunteers are invited, as part of their discipleship, to take on some of the Mission Centre leadership roles and the positive response of dedicated volunteers enables the Mission Centre to function in the way it does at present. We celebrate and give thanks for this vital volunteer ministry. The Mission Centre has considered the Charity Commission’s guidance on public benefit and specifically the guidance on charities for the advancement of religion. The Mission Centre has sought to fulfil its responsibility to advance religion for the public benefit by: - striving to be a community faithful to the risen Christ that courageously pursues matters of peace and justice; - supporting the congregations of the Community of Christ in the British Isles in their key functions of providing worship, pastoral care and spiritual, moral and intellectual development, both for its members and for anyone who wishes to benefit from what the Church has to offer; - providing for the networking and grouping of congregations in order to encourage mutual support, fostering church identity, supporting the pursuit of common causes, and providing opportunities for fellowship, leadership development and celebration. ## **Financial Structure** The Mission Centre is funded by contributions from individuals, congregations, and fundraising events, along with financial support from the World Church. Members of the church in the British Isles also make direct contributions to the World Church general fund and special funds. The salary and ministerial expenses of the full-time minister employed by World Church and assigned to the British Isles, were paid from World Church funds in 2023. Since July 2024, two full-time ministers have been employed, with the salary and ministerial expenses of one paid from World Church funds and the payment of salary and ministerial expenses of the other split equally between World Church and the British Isles Mission Centre. Postage, telephone, office supplies and other office expenses for these ministers are paid from Mission Centre funds. The Mission Centre also employs a Financial Assistant. 3 ## **Financial Results** The General Fund surplus was £19,207 compared to a budgeted surplus of £7,000. This positive result was due, in part, to donations from individuals being considerably above budget. A break-even budget has been approved for the year ending 31[st] December 2024. The value of the Stock Exchange Investment increased by more than £55,000 compared to a decrease of £92,000 in the previous year. Since investment in the stock exchange was first made in 2016, the overall value of the investment has increased significantly and it is believed that investment of the charity’s funds in this way remains the best way to secure long-term growth. Details related to the designated, restricted and endowment funds are set out in note 9 to the financial statements. ## **Serious Incidents** No serious incidents have been brought to the attention of the Charity Commission by the trustees over the previous financial year. The trustees have considered the list of serious incidents that should be reported to the Charity Commission and declare that there are no serious incidents or other matters relating to the charity over the previous financial year that they believe should have brought to the Commission’s attention but have not. ## **Key Risks** Over recent years, an annual allocation from investments has enabled planned mission endeavours to be supported without any reduction in financial reserves occurring. Volunteers now take on some responsibilities previously held by employees when more church employees were assigned to the Mission Centre. The Mission Centre has made a commitment to provide financial support for a period of 18 months starting July 1[st] 2024 towards the employment of a World Church employee or employees as a result of World Church not having funds to support employment costs to the degree it has previously. The Mission Centre has sufficient funds to support the employment costs that have been approved but there may be a need to review the situation going forward if World Church support for employment continues to decline. It is acknowledged that the significant rise in the cost of living could have financial implications related to income from donors and mission centre expenses but no significant reduction in giving has occurred to date. Over recent years, the Mission Centre has made loans, particularly during the COVID-19 pandemic, to the Dunfield Charity to support the church’s residential centre,. A slower than anticipated improvement in the residential centre’s financial situation after the end of the pandemic has resulted in the Mission Centre making further loans to the Dunfield Charity. Before approving these loans, the Mission Centre Finance Committee, acting on behalf of the Mission Centre Trustees, has considered future projections which indicate that it will be possible for all loans from the Mission Centre to be repaid even though this is likely to take longer than originally anticipated. In the event of the operations of Dunfield no longer being viable, there is sufficient property assets to repay the loan fully. The Mission Centre has also made loans to two of its congregations to enable them to complete necessary repairs and modifications to their buildings. One of these congregations has now repaid the loan in full and there is no reason to believe that the other congregation will not be able to repay the loan as agreed. 4 ## **Future Activities** A full programme of activities is planned for 2024. Members of the Mission Centre continue to participate in conversations related to the mission and purpose of the Mission Centre and how mission centre funds might be used to support these. Throughout 2023 one person was employed full-time to act in the roles of both Mission Centre President and Mission Centre Financial Officer. The employment of another person to take on the Mission Centre Financial Officer role from July 2024 should enable the Mission Centre President to focus solely on the President role providing new mission possibilities in the future. There are plans to invest time and money in succession planning of future leaders to provide continuity and opportunities for future growth. ## **Reserves Policy** The Mission Endowment fund, an expendable endowment fund, will secure a regular income and is available to support projects in fulfilling the objects of the Mission Centre. In the opinion of the trustees, the General fund reserves of £237,459 are adequate but not excessive. The £125,000 placed in the Mission Fund has been earmarked to implement a Plan for Mission and use of the fund for this purpose has started in 2024. We will continue to support the purposes of the various special funds and utilise reserves where necessary. The reserves policy is regularly reviewed to ensure that it remains appropriate and adjusted as necessary based on financial performance and changing needs. ## **Volunteers** Community of Christ is primarily a volunteer organisation, with almost all priesthood and leadership roles being filled by self sustaining personnel. The church could not function without such dedicated service. The Mission Centre is blessed by the availability of so many persons who give of their time and skills to facilitate the achievement of the mission of the church and the functions of the Mission Centre. To all who serve in this way we offer our grateful thanks. Approved by the Mission Centre Trustees on 1[st] October 2024 and signed on their behalf by: Andrew Fox (Mission Centre President) 5 ## **Community of Christ - British Isles Mission Centre** ## **Independent Examiner’s Report to the members of Community of Christ-British Isles Mission Centre** I report on the accounts of Community of Christ – British Isles Mission Centre for the year ended 31[st] December 2023 which are set out on pages 7 – 14. ## **Respective Responsibilities of Trustees and Examiner** The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to: - examine the accounts under section 145 of the 2011 Act; - follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and - state whether particular matters have come to my attention. ## **Basis of Independent Examiner's Report** My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below. ## **Independent Examiner's Statement** In connection with my examination, no matter has come to my attention: (1) which gives me reasonable cause to believe that in any material respect the requirements: - to keep accounting records in accordance with section 130 of the 2011 Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed Lynda Pearce Date 25[th] June 2024 Lynda Pearce 17 Wisteria Way Nuneaton CV10 7SS 6 ## **Community of Christ - British Isles Mission Centre** ## **Statement of Financial Activities for the year ended 31st December 2023** |||**Unrestricted**|**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Total**| |---|---|---|---|---|---|---|---| ||**Notes**|**General**|**Designated**|||**2023**|**2022**| |||**£**|**£**|**£**|**£**|**£**|**£**| |**Income from:**|||||||| |Offerings, donations and legacies|3|13,536|1,080|84,130|0|98,746|124,610| |Camps and activities charges|4|48,758|0|0|0|48,758|33,058| |Congregation Closure||0|0|3,317|0|3,317|0| |Sale of resources||981|0|0|0|981|4,563| |Congregations||9,150|0|0|0|9,150|12,200| |World Church||6,751|0|0|0|6,751|14,495| |Investment Earnings||0|0|0|55,558|55,558|(92,468)| |Bank and loan interest||533|267|1,275|0|2,075|629| |Rental Income||4,300|0|0|0|4,300|4,600| |Other Income||0|0|0|0|0|50| |**Total income**||84,009|1,347|88,722|55,558|229,636|101,737| |**Expenditure on:**|||||||| |Mission|5|3,838|371|11|0|4,220|3,937| |General costs|6|22,298|0|367|0|22,665|22,622| |Congregational Support Minister||0|0|0|0|0|10,517| |Camps and activities|4|49,266|3,031|4,492|0|56,789|45,703| |Cost of resources sold||1,041|0|0|0|1,041|1,757| |Grants and donations|7|10,000|0|79,252|0|89,252|116,874| |**Total expenditure**||86,443|3,402|84,122|0|173,967|201,410| |**Net income / (expenditure)**||(2,434)|(2,055)|4,600|55,558|55,669|(99,673)| |Transfers|8|21,641|(422)|0|(21,219)|0|0| |**Net movement in funds**||19,207|(2,477)|4,600|34,339|55,669|(99,673)| |Funds brought forward||218,251|31,894|151,164|463,585|864,894|964,567| |**Total funds carried forward**|9|**237,458**|**29,417**|**155,764**|**497,924**|**920,563**|864,894| 7 ## **Community of Christ - British Isles Mission Centre** ## **Balance Sheet as at 31st December 2023** |||**Unrestricted**|**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Total**| |---|---|---|---|---|---|---|---| ||**Notes**|**General**|**Designated**|||**2023**|**2022**| |||**£**|**£**|**£**|**£**|**£**|**£**| |**Fixed assets**|||||||| |Tangible fixed assets|14|1,114|0|0|0|1,114|1,702| |Investment property|14|65,000|0|0|0|65,000|65,000| |Stock exchange investment|14|0|0|32,545|497,924|530,469|474,911| |Property related investment||10,000|0|0|0|10,000|10,000| |**Total fixed assets**||76,114|0|32,545|497,924|606,583|551,613| |**Current assets**|||||||| |Stock|15|664|0|0|0|664|711| |Debtors|16|151,929|0|0|0|151,929|154,681| |Cash at bank and in hand|17|38,310|29,417|123,219|0|190,946|178,517| |**Total current assets**||190,903|29,417|123,219|0|343,539|333,909| |Less - Creditors falling due within one year|18|29,559|0|0|0|29,559|20,628| |**Net current assets**||161,344|29,417|123,219|0|313,980|313,281| |**Net assets**||237,458|29,417|155,764|497,924|920,563|864,894| |**Funds**|9|**237,458**|**29,417**|**155,764**|**497,924**|**920,563**|864,894| Approved by the Mission Centre Trustees on 1st October 2024 and signed on their behalf by: Wayne Farmer (Mission Centre Financial Officer) 8 ## **Community of Christ - British Isles Mission Centre** ## **Notes forming part of the financial statements for the year ended 31st December 2023** ## **1. Statement of compliance** The financial statements have been prepared in accordance with the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republc of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP (FRS102)) and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102). **2. Principal accounting policies** The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented unless otherwise stated. ## **a. Basis of preparation** The financial statements are prepared on a going concern basis under the historical cost convention as modified by the recognition of certain financial assets and liabilities measured at fair value. ## **b. Public benefit** The charity meets the definition of a public benefit entity under FRS 102. ## **c. Revenue recognition** (i) Offerings and donations are recognised when received. (ii) Legacies and grants are accounted for when the church is legally entitled to them and they are applied for the general use of the charity unless directed otherwise. No account is taken of future contributions under deeds of covenant or pledges. (iii) Gift aid recoverable is accounted for in the period that they are claimable. (iv) Bank interest is included when receivable. Where the church has not invested separately for each fund, interest is apportioned to individual funds on the basis of the average balance at the beginning of each quarter. ## **d. Expenditure** Expenditure is accounted for on an accruals basis. Irrecoverable VAT is charged against the category for which it was incurred. ## **e. Tangible assets** Tangible assets are stated either at cost less accumulated depreciation or at fair value. The charity assesses at each reporting date whether there is any indication that an asset might be impaired. Any impairment is recognised in the statement of financial activities. (i) Furniture and equipment Depreciation is charged over their useful economic life of between three and ten years on a straight line basis. (ii) Motor Vehicles Depreciation is charged over their useful economic life of 5 years on a straight line basis. ## **f. Investments** (i) Investment property Investment properties are initially recognised at cost and measured at fair value at the balance sheet date. Any gain or loss on revaluation is taken to the statement of financial activities. (ii) Stock exchange investments Stock exchange investments are initially recognised at cost and measured at fair value at the balance sheet date. Any gain or loss on revaluation is taken to the statement of financial activities. ## **g. Unrestricted, designated and restricted funds** Unrestricted general funds can be used in accordance with the charitable objects at the discretion of the trustees. Designated funds: are the sums set aside out of General funds for specific designated purposes. They can be transferred back to unrestricted funds at any time. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for specific restricted purposes. ## **h. Endowment funds** Endowment funds are held in an expendable endowment fund. Trustees have the power to accumulate income and capital of the fund and to spend both income and capital in the furtherance of the charitable objects. 9 ## **Community of Christ - British Isles Mission Centre** ## **Notes forming part of the financial statements for the year ended 31st December 2023 (continued)** |**3.**
**Offerings, donations and legacies**
Offerings and Donations
Legacies
Donations for Other Charities
Dunfield House Subsidy
Gift Aid Tax Refunds
**4.**
**Camps and activities**
**Tfr.**
Refreshed
Explorers Camp
a)
Adventurers
a)
Living the Mission Prayer Weekend
Spring Retreat
Youth Rally
a)
Walking Week
Innovate
Summer Camp
Discovery Camp
a)
SW Cluster Weekend
Open House
Spiritual Formation Retreat
a) Transfers to Youth Ministries Fund.
**5.**
**Mission Expenses**
**Invite People to Christ**
Experiments in Mission
Communications
Dunfield Outreach Event
Rise Magazine
**Abolish Poverty and End Suffering**
Mission of Compassion
Safeguarding
**Pursue Peace on Earth**
Mission of Justice and Peace
**Develop Disciples to Serve**
Equip Disciples for Mission
Children & Youth Ministries
Young Adult Ministries
**Experience Congregations in Mission**
Leading Congregations in Mission
Project Support Fund Grants|**Restricted**
**Endowment**
**Total**
**Total**
**General**
**Designated**
**2023**
**2022**
**£**
**£**
**£**
**£**
**£**
**£**
13,398
1,080
3,221
0
17,699
18,723
0
0
0
0
0
0
0
0
79,252
0
79,252
99,638
0
0
1,369
0
1,369
3,880
138
0
288
0
426
2,369
**Unrestricted**| |---|---| ||13,536
1,080
84,130
0
98,746
124,610| ||**Income**
**Expenditure**
**Surplus /**
**Transfers**
**General**
**(Deficit)**
**Fund**
**£**
**£**
**£**
**£**
**£**
1,000
991
9
0
9
1,198
1,100
98
98
0
1,314
1,279
35
35
0
1,762
1,762
0
0
0
2,615
2,621
(6)
0
(6)
1,563
1,506
57
57
0
1,950
1,900
50
0
50
3,135
3,136
(1)
0
(1)
22,810
22,304
506
0
506
3,568
4,430
(862)
(862)
0
2,913
2,918
(5)
0
(5)
4,930
4,839
91
0
91
0
480
(480)
0
(480)
48,758
49,266
(508)
(672)
164
293
0
0
0
293
629
1,766
0
0
0
1,766
1,684
1,192
1,192
0
0
0
0
0
0
0
0
0
0
0
0
0
537
0
0
0
537
537
50
0
0
0
50
70
0
0
0
0
0
65
0
0
0
0
0
107
0
0
0
0
0
0
0
0
0
0
0
0
0
371
11
0
382
845| ||3,838
371
11
0
4,220
3,937| 10 ## **Community of Christ - British Isles Mission Centre** ## **Notes forming part of the financial statements for the year ended 31st December 2023 (continued)** |**6.**
**General expenses**
Office supplies
Postage
Telephone
Office staff salaries & pensions
Office rent and utilities
Offering Envelopes
MC Officer Expenses
MC Conferences
Financial Officer Support
Insurance
Equipment maintenance
Equipment depreciation and loss on disposal
Guest ministry
Volunteer expenses
Bank Charges
Sundry expenses
Average number of full time equivalent
employees for the year
**7.**
**Grants and donations**
Dunfield Budget Support
Bridge of Hope
Donations paid to other charities
**8.**
**Fund Transfers**
Mission Endowment - Investment Earnings
Budgeted amount to MC Events Subsidy
Youth Camps and Activities Surpluses/Deficits|**Restricted**
**Endowment**
**Total**
**Total**
**General**
**Designated**
**2023**
**2022**
**£**
**£**
**£**
**£**
**£**
**£**
293
0
0
0
293
303
371
0
0
0
371
396
975
0
0
0
975
1,048
14,356
0
0
0
14,356
14,427
2,400
0
0
0
2,400
2,400
(40)
0
0
0
(40)
0
0
0
0
0
0
0
250
0
0
0
250
554
35
0
0
0
35
35
1,645
0
0
0
1,645
1,524
43
0
0
0
43
0
588
0
0
0
588
916
1,111
0
0
0
1,111
677
0
0
367
0
367
0
271
0
0
0
271
304
0
0
0
0
0
38
**Unrestricted**| |---|---| ||22,298
0
367
0
22,665
22,622| ||1
1
10,000
0
0
0
10,000
10,000
0
0
0
0
0
9,360
0
0
79,252
0
79,252
97,514
10,000
0
79,252
0
89,252
116,874
21,219
0
0
(21,219)
0
0
(250)
250
0
0
0
0
672
(672)
0
0
0
0| ||21,641
(422)
0
(21,219)
0
0| 11 ## **Community of Christ - British Isles Mission Centre** ## **Notes forming part of the financial statements for the year ended 31st December 2023 (continued)** |**9.**|**Funds**|(D = Designated, R = Restricted)|(D = Designated, R = Restricted)|||| |---|---|---|---|---|---|---| ||NAME|TYPE PURPOSE||||| ||Project Support|D/R|Support projects of ministry for|the purpose of furthering the||| ||||mission of the Church in the British Isles.|||| ||Children's Holiday Camps|R|Provide holidays for children and families in need|||| ||Carrie Holmes Graceland College|R|Assist young persons from the|British Isles to attend Graceland||| ||||University.|||| ||Youth Ministries|D/R|Support British Isles Church youth camping programmes and|||other| ||||activities for youth from the British Isles, including their participation|||| ||||in the World Church International Youth Forum and other|||| ||||international events sponsored|by the Church.||| ||Mission Centre Events Subsidy|D/R|Provide assistance to persons|attending the British Isles Mission||| ||||Centre Events.|||| ||Other Charities|R|For receipt of contributions to other charities and transfer of these|||| ||||contributions to the charity.|||| ||**Movements on Funds**||**Balance at**
**Income**|**Expenditure Transfers**||**Balance at**| ||||**1st January**|||**31st December**| ||||**£**
**£**|**£**|**£**|**£**| ||**Designated Funds**|||||| ||Project Support (part)||13,938
123|(370)|0|13,691| ||Youth Ministries (part)||14,862
1,206|(1,641)|(672)|13,755| ||MC Events Subsidy (part)||3,094
17|(1,390)|250|1,971| ||||31,894
1,346|(3,401)|(422)|29,417| ||**Restricted Funds**|||||| ||Mission Fund||124,641
1,113|(367)|0|125,387| ||Project Support (part)||1,318
12|(11)|0|1,319| ||Children's Holiday Camps||11,929
3,471|(3,422)|0|11,978| ||Carrie Holmes Graceland College||4,039
36|0|0|4,075| ||Youth Ministries (part)||3,003
26|(227)|0|2,802| ||MC Events Subsidy (part)||6,234
4,811|(842)|0|10,203| ||Other charities||0
79,252|(79,252)|0|0| ||||151,164
88,721|(84,121)|0|155,764| The balance on the restricted portion of the Youth Ministries Fund includes the sum of £900 (2022 £892) which was specifically restricted to be used in respect of costs relating to young people from the British Isles attending the International Youth Festival in the U.S.A. |||**2023**|**2022**| |---|---|---|---| |**10.**|**Fees for financial statements examination**||| ||Fees paid to Independent Examiner|None|None| |**11.**|**Trustees Expenses**||| ||Number of Trustees who were paid expenses|0|0| ||Total amount paid|Nil|Nil| Certain ministers employed by the World Church are assigned to work in the British Isles Mission Centre and serve as trustees. Their salaries, benefits and ministerial expenses are paid by the World Church. The British Isles Mission Centre makes a contribution towards these costs and also reimburses these ministers for office expenses. An insignificant portion of these expenses may relate to their role as trustees. |||**2023**|**2022**| |---|---|---|---| |**12.**|**Related Party Transactions**||| ||Transactions during the year|None|None| |**13.**|**Trustee Indemnity Insurance**|**£**|**£**| ||The Church has a Directors and Officers insurance||| ||policy covering more than 200 ministers and leaders||| ||in the British Isles. The trustees benefit from this||| ||insurance in their roles as ministers and leaders||| ||of the Church. The trustee benefit is insignificant.||| ||Charge for the year|542|426| 12 ## **Community of Christ - British Isles Mission Centre** ## **Notes forming part of the financial statements for the year ended 31st December 2023 (continued)** ## **14. Fixed Assets** ## **Tangible Fixed Assets** |**Cost**
As at 1st January 2023
Additions
Disposals
As at 31st December 2023
**Depreciation**
As at 1st January 2023
Disposals
Charge for the year
As at 31st December 2023
**Net Book Value**
As at 31st December 2023
As at 1st January 2023
**Investment Property**
Freehold property in Gloucester|**Equipment**
**Car**
**Total**
**£**
**£**
**£**
9,673
0
9,673
0
0
0
(709)
0
(709)|**Equipment**
**Car**
**Total**
**£**
**£**
**£**
9,673
0
9,673
0
0
0
(709)
0
(709)| |---|---|---| ||8,964
0
8,964|| ||7,971
0
7,971
(709)
0
(709)
588
0
588|| ||7,850|0
7,850| |||| ||1,114|0
1,114| ||1,702|0
1,702| |||**2023**
**2022**
65,000
65,000| The investment property is included at market value based on a valuation by James Pullin (RICS Registered Valuer) on 9th October 2015. In the opinion of the trustees, the market value of the property at the balance sheet does not vary significantly from this valuation. The tenants have an option to purchase the property at the October 2015 market value during or at the end of the current lease. |**Stock Exchange Investments**
Fair value at 1st January 2023
Add: Addition at cost
Less: Proceeds from disposals
Add: Year-end reevaluation
Fair value at 31st December 2023
**15.**
**Stock**
Stock of books and other resources for resale
have been valued at the lower of cost and net
realisable value
**16.**
**Debtors**
Trade debtors
Other debtors
Dunfield Charity loan
Denton roof loan
Leicester loan
Church Car loan
Gift Aid tax refunds
Prepayments and accrued income
**17.**
**Cash at Bank and in Hand**
Deposit Accounts
Current Accounts
Cash in Hand
**18.**
**Creditors**
Trade Creditors
Other Creditors
Accruals and Deferred Income|**2023**
**2022**
474,911
567,379
0
0
0
0
55,558
-92,468
530,469
474,911
**Restricted**
**Endowment**
**Total**
**Total**
**General**
**Designated**
**2023**
**2022**
**£**
**£**
**£**
**£**
**£**
**£**
664
0
0
0
664
711
**Unrestricted**| |---|---| ||930
0
0
0
930
0
170
0
0
0
170
170
112,000
0
0
0
112,000
92,000
0
0
0
0
0
6,780
10,000
0
0
0
10,000
32,000
5,595
0
0
0
5,595
7,935
15,856
0
0
0
15,856
14,123
7,378
0
0
0
7,378
1,673| ||151,929
0
0
0
151,929
154,681| ||0
13,843
108,439
0
122,282
130,213
38,272
15,574
14,780
0
68,626
48,265
38
0
0
0
38
39| ||38,310
29,417
123,219
0
190,946
178,517| ||10
0
0
0
10
0
80
0
0
0
80
0
29,469
0
0
0
29,469
20,628| ||29,559
0
0
0
29,559
20,628| 13 ## **Community of Christ - British Isles Mission Centre** ## **Notes forming part of the financial statements for the year ended 31st December 2023 (continued)** **19. Prior year comparative statement of financial activities** ## **Statement of Financial Activities for the year ended 31st December 2022** |||**Unrestricted**||**Restricted**|**Endowment**|**Total**| |---|---|---|---|---|---|---| ||**Notes**|**General**|**Designated**|||**2022**| |||**£**|**£**|**£**|**£**|**£**| |**Income from:**||||||| |Offerings, donations and legacies|3|18,466|0|106,144|0|124,610| |Camps and activities charges|4|33,058|0|0|0|33,058| |Congregation Closure||0|0|0|0|0| |Sale of resources||4,563|0|0|0|4,563| |Congregations||12,200|0|0|0|12,200| |World Church|5|14,495|0|0|0|14,495| |Investment Earnings||0|0|0|(92,468)|(92,468)| |Bank and loan interest||232|75|322|0|629| |Rental Income||4,600|0|0|0|4,600| |Other Income||50|0|0|0|50| |**Total income**||87,664|75|106,466|(92,468)|101,737| |**Expenditure on:**||||||| |Mission|5|3,092|340|505|0|3,937| |General costs|6|22,622|0|0|0|22,622| |Congregational Support Minister||10,517|0|0|0|10,517| |Camps and activities|4|32,916|1,021|11,766|0|45,703| |Cost of resources sold||1,757|0|0|0|1,757| |Grants and donations|7|19,360|0|97,514|0|116,874| |**Total expenditure**||90,264|1,361|109,785|0|201,410| |**Net income / (expenditure)**||(2,600)|(1,286)|(3,319)|(92,468)|(99,673)| |Transfers|8|19,633|(317)|0|(19,316)|0| |**Net movement in funds**||17,033|(1,603)|(3,319)|(111,784)|(99,673)| |Funds brought forward||201,218|33,497|154,483|575,369|964,567| |**Total funds carried forward**|9|**218,251**|**31,894**|**151,164**|**463,585**|**864,894**| 14