Registered number 06129852
EMSWORTH BAPTIST CHURCH TRUST
Report and Accounts
31 December 2023
EMSWORTH BAPTIST CHURCH TRUST Registered number: 06129852 Directors' Report
The directors present their report and accounts for the year ended 31 December 2023.
Limited by guarantee
The company is limted by guarantee and as such does not have any share capital.
Charitable status
The company is a registered charity, the registered number being 1126260.
Principal activities
The company's principal activity during the year continued to be that of a charity to further the religious and other charitable work of the Emsworth Baptist Church, including the maintenance and repair of the fabric of the church buildings and other property.
Directors
The following persons served as directors during the year:
T A Holmes S T Cargill N E Ware
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 9 May 2024 and signed on its behalf.
S T Cargill Director
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EMSWORTH BAPTIST CHURCH TRUST Accountants' Report
Accountants' report to the directors of EMSWORTH BAPTIST CHURCH TRUST
You consider that the company is exempt from an audit for the year ended 31 December 2023. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Peek & Co Chartered Certified Accountants
1st Floor 119 High Street Selsey West Sussex PO20 0QB
9 May 2024
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EMSWORTH BAPTIST CHURCH TRUST Income and Expenditure Account for the year ended 31 December 2023
| Notes Voluntary income Charitable activities Operating income Interest receivable Interest payable Income on ordinary activities before taxation Tax on income on ordinary activities Income for the financial year |
2023 £ 115,341 (50,834) 64,507 1 (3,423) 61,085 - 61,085 |
2022 £ 103,758 (93,083) |
|---|---|---|
| 10,675 - (5,172) |
||
| 5,503 - |
||
| 5,503 |
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EMSWORTH BAPTIST CHURCH TRUST Registered number: 06129852 Balance Sheet as at 31 December 2023
| Notes Fixed assets Tangible assets 3 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 4 Net current liabilities Total assets less current liabilities Creditors: amounts falling due after more than one year 5 Net assets Funds Restricted funds Total funds |
2023 £ 1,719,831 36,482 (45,000) (8,518) 1,711,313 (200,000) 1,511,313 1,511,313 1,511,313 |
2022 £ 1,699,300 35,423 (58,573) (23,150) 1,676,150 (225,922) 1,450,228 1,450,228 1,450,228 |
2022 £ 1,699,300 35,423 (58,573) (23,150) 1,676,150 (225,922) 1,450,228 1,450,228 1,450,228 |
|---|---|---|---|
| 1,676,150 (225,922) |
|||
| 1,450,228 | |||
| 1,450,228 | |||
| 1,450,228 |
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
T A Holmes Director Approved by the board on 9 May 2024
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EMSWORTH BAPTIST CHURCH TRUST Statement of Changes in Equity for the year ended 31 December 2023
| At 1 January 2022 Income for the financial year At 31 December 2022 At 1 January 2023 Income for the financial year At 31 December 2023 |
Share capital £ - - - - |
Share premium £ - - - - |
Re- valuation reserve £ - - - - |
Restricted funds £ 1,444,725 5,503 1,450,228 1,450,228 61,085 1,511,313 |
Total £ 1,444,725 5,503 |
|---|---|---|---|---|---|
| 1,450,228 | |||||
| 1,450,228 61,085 |
|||||
| 1,511,313 |
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EMSWORTH BAPTIST CHURCH TRUST Notes to the Accounts for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover represents the total of voluntary income received in the year.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years Leasehold land and buildings over the lease term Cabins 10% straight line Plant and machinery 10% reducing balance Fixtures, fittings, tools and equipment 10% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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EMSWORTH BAPTIST CHURCH TRUST Notes to the Accounts for the year ended 31 December 2023
| 2 Employees Average number of persons employed by the company 3 Tangible fixed assets Land and buildings Plant and machinery etc £ £ Cost At 1 January 2023 1,948,743 53,953 Additions - 783 At 31 December 2023 1,948,743 54,736 Depreciation At 1 January 2023 272,746 30,650 Charge for the year 38,975 2,408 At 31 December 2023 311,721 33,058 Net book value At 31 December 2023 1,637,022 21,678 At 31 December 2022 1,675,997 23,303 4 Creditors: amounts falling due within one year SCBA and Baptist Union loans Short-term loans from members of the congregation Other creditors 5 Creditors: amounts falling due after one year SCBA and Baptist Union loans Other creditors |
2023 Number - Cabins £ - 67,923 67,923 - 6,792 6,792 61,131 - 2023 £ 4,000 35,000 6,000 45,000 2023 £ - 200,000 200,000 |
2022 Number - |
|---|---|---|
| Total £ 2,002,696 68,706 |
||
| 2,071,402 | ||
| 303,396 48,175 |
||
| 351,571 | ||
| 1,719,831 | ||
| 1,699,300 | ||
| 2022 £ 58,573 - - |
||
| 58,573 | ||
| 2022 £ 25,922 200,000 |
||
| 225,922 |
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EMSWORTH BAPTIST CHURCH TRUST Notes to the Accounts for the year ended 31 December 2023
| 6 Loans Creditors include: Amounts payable otherwise than by instalment falling due for payment after more than five years |
2023 £ 200,000 |
2022 £ 200,000 |
|---|---|---|
7 Controlling party
There is no controlling party, the company is limited by guarantee.
8 Other information
EMSWORTH BAPTIST CHURCH TRUST is a private company limited by guarantee and incorporated in England. Its registered office is:
North Street, Emsworth, Hampshire, PO10 7BY
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EMSWORTH BAPTIST CHURCH TRUST Detailed income and expenditure account for the year ended 31 December 2023
| Voluntary income Charitable activities Operating income Interest receivable Interest payable Income before tax |
2023 £ 115,341 (50,834) 64,507 1 (3,423) 61,085 |
2022 £ 103,758 (93,083) |
|---|---|---|
| 10,675 - (5,172) |
||
| 5,503 |
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EMSWORTH BAPTIST CHURCH TRUST
Detailed income and expenditure account for the year ended 31 December 2023
| Volumntary income Donations Charitable activities Premises costs: Rent of portacabins Building works Repairs and maintenance General administrative expenses: Depreciation Charitable activities Legal fees and administration costs |
2023 £ 115,341 2,191 - 224 2,415 48,175 48,175 244 244 50,834 |
2022 £ 103,758 |
|---|---|---|
| 3,757 42,030 5,488 |
||
| 51,275 | ||
| 41,564 | ||
| 41,564 | ||
| 244 | ||
| 244 | ||
| 93,083 |
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