2023-12-31-accounts - Christchurch Banstead

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2023 the E	lders and Deacons were:	lders and Deacons were:	lders and Deacons were:
Elders	Revd Kevin Newman
	Andrew Grimstone
	John Phillips,	until	11~ May
	Shak Sulliman	(previously		a Deacon), from	5e May
Deacons	Alex Berry
	Alan Bowyer,	from	11e May
	Andrew Butt
	Daniel Gomes,	until 14'' January 2024
	Andrew Evans
	Stewart Foster (observer elder)
	Andrew McKenna,		until 5	April
	Nigel Paget
	Fred Paton
	Tim Shelley, from 11~ May

the same as the Church	the same as the Church	trustees.						p	py
5.2 Details of Key		Advisors and	Service	Providers:
Principal Banker		Bardays	Bank pic,	1 North End,		Croydon		CR9 1SX
Solicitors		Anthony	Collins	Solicitors	LLP,		134 Edmund			Street,
		Birmingham, B32ES
Independent	Examiners	Mazars LLP, 2"4 Floor, Two Chamberlain						Square,	Birmingham,
		B33AX
Architects		Robinson,	Kenning	ik Gallagher,		Airport		House,	Purley	Way,
		Croydon,	CRO OXZ

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				General fang	Mission fetid	Designated fonda *	Endowment fuad	Total	Total
					(restricted)
			Notes	2023	2023	2023	2023	2023	2022
Jncame
Voluntary income				431,822	84,885			524,771	584,345
Interest receivable				455	716			1,618	357
Income lyom church activities				44,110		143,748		187,858	153,320
Total income				476,387	85,601	152,259		714,247	738,022
Expendim re
Chmitable activities
luiegraled church	activities			(440,354)	(59,640)	(140,473)	(21,984)	(662,451)	(595,859)
Grants paid and payable					(23,525)	(981)	-	(24rg)6)	(16530)
Interest payable									(5,047)
Total expendinue				(440,354)	(83,165)	(141,454)	(21,984)	(686,957)	(617,436)
Nct iacomcl cx	nditure	before transfers		36033	2436	10 805	21 984	27 90	120586
Transfer between	funds		14	10,000		(10,000)
Net movemeat in	funds		23	46,033	2,436	805	(21,984)	27r290	120,586
Funds at I January				183,857	56,290	1,900,731	791,424	2,932402	2,811,716
Fuads at 31Deccmbcr				229 890	58726	I 901536	769440	2959592	~2932302

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					General	Mission	Designated
					fund	fuad	funds	Total	Total
						(restricted)
				Notes	2023	2023	2023	2023	2022
Net cash flows bcforc Gift	Aid, interest aad rest			23	(25,727)	(13,039)	328	(38,438)	13,367
GiR Aid recovered					72,485	18,174	26,451	117,110	82,931
Net cash Bows from operating activities					46758	5 135	26779	70 672	96290
Cash flows from investing	activities
Rent received for 160High Street					16,000			16,000	16,000
Purchase offixtures, fittings,	furniture	and	equipment		(67,333)			(670333)	(23,851)
Interest received					455	716	447	1,618	357
Cash (consumed)/provided	by investing		activities		50878	7 6	«7	49 72	~7494
Cash flows from financing
Repayment ofmortgage capital/Manse		loans							(112,071)
Interest paid on mortgage									(4,527)
Repayment ofFaith Loan									(27,000)
Interest paid on Faith Loan									(1,087)
Cash used in financing activities									144685
Increase/(decrease) in cash	aad cash	equivalents			(4,120)	5,851	27,226	28,957	(55,881)
Changes in interfund balances					(11,441)		11,441
Incrcasc/(dccrcasc) in cash	aad cash	equivalcats*			(15,561)	5,851	38,667	28,957	(55,881)
Cash aad cash cqulvalcnts	at IJanuary*				106,877	43,549	40,640	191,066	246,947
Cash and cash equivalents	at31Dcccmbcr*				91316	49400	79307	2 0 020	7 066

Trustees emoluments an	d expenses
			2023	2022
Senior Pastor:	Taxable financial	support	644,850	643,100
	Social security costs		65,015	64,862
	Pension costs		63,588	f3,412
Associate Minister —Music: (trustee to 5 April)	Taxable financial support Social security costs		f9,247 8758	f30,501 f3,039
	Pension costs		f714	61,825
Associate Minister:	Taxable financial	support	632,079	627,392
	Social security costs		K3.228	X2,304
	Pension costs		62,135	62,022
Assistant Minister:	Taxable financial	support	623,400	814,850
	Social security costs		81,315	81,296
	Pension costs		61,872	81,160

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			Gsacral	Mission	Deslgaatcd	Endowment
			fund	fund	fuads	capital	Total	Total
			2023	2023	2023	2023	2023	2022
10 Church fabric aad equipment
Utilities,	insurance and cleaning		50,915				S0,915	23,491
Ordinary	repairs, maintenance	and equipment	12,510				12410	13,326
Repairs and refurbishment Depnwiation			9,025 10244		25,837	21 984	34,862 32,228	291 ~26 884
			82 694		25 837	21 984	130rtIS	63992

and the new CCTV security sy	and the new CCTV security sy	stem (f10,069and f14,388r	stem (f10,069and f14,388r	espectively).
11 Fcgowship and outreach		costs
Outreach and hospitality				8,262	2,830	11,092	16,938
Youth camps				17,238		17,238	18,119
Open Week							4,530
Jack and Jill Pre-School	(including		staff costs)		101,043	101,043	93,698
Subscriptions and donations				4,113		4,113	3,289
Literature and ministry	trainng			197	481	678	484
				29810	104354	134,164	~137058
12 General support costs
OAice aad information	technology		expenses	3,308	2,268	5476	5,413
Support training				35	240	275	2,141
Other items				484		484	758
				3,827	2508	633S	~8312

below) based on an app	below) based on an app	roximate a	llocation ofthe time oft	he oAice support staff.
13 Governaacc costs
OAice and	information	technology	expemm	1,103		306	1,409	1,443
Professional	fees			2,705		6,730	9,435	5,432
Independent Other items	Examiner	fee		2,100 138	775 105	275 463	3,150 706	3,122 ~1634
					880	7 774	14,700	11631

CHRISTCHURCH BANSTEAD NOTES TOTHE FINANCIAL STATEMENTS
for the year ended 31December 2023 (continued)
	General	Mission	Designated	Endowment
	fund	fund	funds	capital	Total	Total
	2023	2023	2023	2023	2023	2022
15 Land and buildings
At c6ut or valuation on transfer
Church site and buildings			1,071,675	1,099,200	2,170,875	2,170,875
12Oakley Gardens Accumulated depreciation			580,000 66 5	- 307776	580,000 3,4	580,000 ~33246
Ner book value ar IJanuary			1,605,000	791,424	2396,424	2,418,408
Depreciation in year				21 984	901	~298
Ner book value ar 3/ December			605 NO	769 0	2574,ll0	2.396 24
At cost or valuation on transfer Accumulated depreciation Ner book value ar 3/ December			1,651,675 46675 16050N	1,099,200 329760 69 0	297509875 3,010 25,0N	2 750875 ~3544 396

	Fixtures
	Fittings Furaiturc 4
	Equipment	Total	Total
	2023	2023	2022
16 Other tangible assets
At cost Accumulated depreciation	96,801 65 083	96,801 0ON	72,950 ~N02
Nel book value al / January	31,718	31,718	12,768
Disposals in year	(4,007)	(4,007)
Additions in year	84 561	NAN	23 85
Cost ar 3/ December	» 3	I 7359	6801
Depreciation on disposals Depreciation in year	4,007 10244	4,007 10200	~INI
Net book va/ue ar 3/ December	06039	,ON	3 8
At I January	96,801	96,801	72,950
Disposal in year	(4,007)	(4,007)
Addtions in year	84,565	84,565	23,851
Accumulated depaw(ation	71 320	71820	65083
Ner book value al 3/ December	106039	106,039	31718

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Amounts	due to associated	funds	4,427		11,490	15,917	4,379
Other creditors and accruals			31,135	2,775	1,601	35,S11	9,395
			35562	2 775	13091	1410	3774

At the 2023 year end, the Church had a single f900/month	At the 2023 year end, the Church had a single f900/month	operating	lease commiunents	relating	to properties	to properties	rented for	Ministry	staff(2022:f16,475 for	staff(2022:f16,475 for
four properties). The decreased level oflease commitments		in 2023	reflects staff purchasing	and	sharing	accommodation		as wefl as the		termination ofleases
following the departure ofstaty. Further properties	are being leased		to accommodate the incoming		replacement		staff and	their families.
			Balance at	income		Expenditure		Traasfcr		Balance at
			31December							31December
			2022		2023		2023		2023	2023
22 Dcsignatcd funds
Church organisstions/activities:
Development Fund			1,855,956	30,864			(32,944)			131533176
Jack IflJill Prc-School			40,685	116,859		(102,993)		(10,000)		440551
Other income and expenditme;
GraniPom Beaconflghr					1,225		(1,225)
Benevolent Fund			4,090				(981)			3,109
Other specific church acilvl iles			0 731	3310 02 258			3310 141.453	0	M	~M35

					Gcacral	Missioa	Designated	Endowment
					fund	fuad	funds	capital	Total	Total
					2023	2023	2023	2023	2023	2022
23 Rccoacigatlon	ofnet movement		la funds to nct
cash (outflow)/tallow		from operating		activities
Net movement in funds					46,033	2,436	805	(21,984)	27490	120,586
Adjustments for:
Tax recoverable					(74,656)	(14,641)	(1,373)		(90,670)	(111,010)
Interest receivable					(455)	(716)	(447)		(1,618)	(357)
Rent receivable					(16,000)				(16,000)	(16,000)
Depreciation					10,244			21,984	32v228	26,884
Interest payable										5,047
ecrease/(increase)	in other	debtors	and prepayments		700	747			1,447	(893)
Increase/(decrease)	in other	creditors	snd accruals		8,407	(865)	1,343		8,885	(6,360)
Decrease in deferred income										(4,530)
Net cash flows before Gilt		Aid, intcrcst and rent			25 727	13039	328		38438	13367