2023-12-31-accounts - Horfield Baptist Church

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ReferenceandAdministrativedetails	1
Structure, Governance andManagement	2
ObjectivesandActivities	3-5
Achievements andPerformance	5-8
FinancialReview	8-10
lndependent examiner'sreport tothetrustees	'11
Statementoffinancialactivities	12
Balance sheet	13
Notes to thefinancialstatements	14-22

Registered charitYname	Horfield BaptistChurch
Charitynumber	1126706
Registered address	160aGloucesterRoad
	Bristol
	BS7 8NT
Trustees	RevSarah Phillpot(PastoQ
	MrsChristineBrown
	MrsEstherNewman
Property Trustees	The BaptistUnionCorporationLimited
	BaptistHouse
	129 Broadway
	Didcot
	OxfordshireOXl1BRT
lndependent Examiner	AnthonyJ FacciniAccountants
	HatterHouse
	AbbotsfordClose
	Woking
	SurreyGU227BJ
Bankers	Co-operative BankPLC
	P.O^Box250 DelfHouse
	Southway,
	Skelmersdale
	WN86WT

LeprosyMission	[187.50
OperationAgri	1242.54
Sixty One	L212,50
	TOTALf673.75
Plus
BMS BirthdayScheme	[329.6
HomeMission	t1,500
BMS	f1500

				A[				Yearto	Yearto
Notes UnrestdetedDesignate				Restricted		Endowment		Dec.2023	Dec.2022
lncomingresources			tEt				e		L
Voluntary income lnvestmentincome	2 3		50,4M 7,709	6,1	63			56,567 7,709	53,778 1,317
lncoming resources
from charitable
activities	4		20,031					20,031	29,451
Other incoming resources								l
Total incoming resources			78,144	6,'163			-	84,30783,546
Resources expended
Charitableactivities	5		72,669	1,646				74,315	79,657
Governancecosts 1(g)			600					600	605
Pension Liability lnterest									329
NewChurchBuildingfees			47,455					47,455	22,525
Total resourcesexpen	6	120,724-		1,646				Q2.37A103,116
Netoperatingincome/(expenditure) beforetransfers (42,580)				4,517				(38,063)(1s,570)
Fundsreceivedfrom
sale of propertyheld inTrust			52,024	169,790				221,814
Gross transfers betweenfunds 1*17			(575)		575
Netincome/(expenditure)for			the
year & endowment movements
Purchaseof160a
GloucesterRoad	19						800,000800,000
Saleof 279
GloucesterRoad						(5,499,141)(5,499,141)
Revaluationof
depreciation,fixtures andfittings.							9,000	9,000
Other recognised
gains/(losses)on
defined benefit
pension schemes (acluarial)	18								15,437
NetmovementinFunds			8,869	174,882		(4,690,141)(4,506,390)			(4,133)
Fundsbrought forward			80,5396,7954,3g0			5,g4g,141		S,g+O,ASS	5,944,988
Funds carriedforward			89,4086,795	179,262			1,159,000	1,434,465	5,940,955

YEARENDED3{DECEM	BER 20.2	3
	Notes	2023 f,	2023 €	2022 €	2022 t
TangibleFixedAssets	10		1,159,000		5,851,361
CurrentAssets
Debtors	44tt	5,670		2.736
Bank&cash	12	100,996		91,963
BaptistUnionTrust Account	19	169,790
		276,456		94,699
Current Liabilities
Creditors:amounts fallingdr	13			5205
NetCurrent Assets			275,465		89,494
DeferredLiabilities(Pension)
Creditors:amounts fallingdu	18				0
NetAssets			1,434,465		5940,855
CharitableFunds
Endowment	14		1,159,000		5.U9,141
Restricted	15		9,472		4,380
Restricted BaptistUnion Trus	19		169,790
Designated	16		6,795		6 795
Unrestricted	17		89,408		80.539
			1,434,465		5 940,855

amount after any trade discounts or amount advancedby cashorother consideration expected to be received.	amount after any trade discounts or amount advancedby cashorother consideration expected to be received.	thecharitySubsequentlyt	thecharitySubsequentlyt	hey are measllredat the
2.VoluntaryIncomeUnrestricted t Designated €f€		RestrictedEndowment		YeartoYearto IlecAI23Drp?d,n €€
35,034 6,452 2,918 Offerings GiftAid&VAT refunds Donations etc		,uo 5 030		35,03436,085 6,6029,426 7,W 7,195
Grants				- 116
6,000 Raisedforother causes Legacies		983		6,(XX) 983 956
50,404	-	6163		565515-.1r78
3.Investment lncome Banketc interest Unrestric{edDesignated €8 7,709		RstuietedEndownent €		Yerb W,M t,,ry Yerb b,M, C 1,317
ManseRental 7,709			-	7,7W1,317
4.lncomingresourcesfrom charitable activities Fund-raisingEvents-BuildingFund				-76
Miscellaneous lncome
Other activity(ArtTrail) 1,120 Rentreceivable:Churchrooms18,91'1 20,031 5.Costsofactivities infuftheranceofthe	charity's	objectives	-	1,120985 18,91i 27,3gO 20,03128,451
32,684 10,517 Ministry Mission		sB3	-	??:33f't:,231
Establishment 75,042	-	605	-	75,64757,570
118,243		't,588		119,83198,466

YEARENDED3{DEG	EMBER 20	.23
		Gharitable	Grant	Support	Yearto	Yearto
6.Totalresources expended		activities	Funding	Costs	Dec 2023	Dec2022
Ministry		32,684			32,684	34,604
Mission		12,203		4,579	16,782	9,794
Establishment(Water Rates;Cleaning		76,019			76,0'19	57,031
Depreciation/Reval uation				toiaol	(6,780)	539
Governance costs (Accountant)		120,906-		600 (1,601)	600 605 119,305102,573
7.Grants payable	Unrestricted	Designated	Restric'tedEndoument		Yearto Dec 2023	Yearto Dec2022
BUGB HomeMission	1,500				1,500	'1,500
BMSWorldMission Other grants(under€1	1,500 983 3,000-983-3,983				1,500 983	1,500 891 3,891
8.Support costs Other administrativecosts	(1,601)				(1,601)	4,107
	(1,601)				(1,601)	4,107
				Yearto		Yearto
9.Staffcostsand Trustee	expenses			Dec 2023		Dec 2022
Salaries & Stipends				34.459		39,998
Social security costs
Pensioncosts				4136		5,188
				38,595		45,186

MinistersP-en:ionf
:y,, 10.Tangible Fixed Cost orValuation	Assets	rreehoio Property I	'Fixiures, Fittings and Equipment E	Total'^' t.
Asat1stJanuary2O23		5,881,567	32,426	5913993
Additions/Disposals		800,000	(22,426)	777574
Disposals		(5,531,567)		(s,531,567)
Asat31st December 2023		1,150,000	10,000	1.160.000
Depreciation
At1stJanuary2023			30,206	30,206
Charge for the year			1,000	'1,000
On Disposals			(30,206)	(30,206)
Asat31st December 2023 NetBookValueat31 December20231,150,000			1,000 9,000	1,000 1,159,000
	at31 December20225,881,567		2,220	5,883,787

'10.Tangible Fixed AssetsCtd.../
Freehold Property	Date	Valuation			lnsured Value
Church buildings at GloucesterRoad Manse,29 Ramsey Road, Horfield BS7OJF	2023 2019		€ 800,000 350,000		f 4,653,000 290,457
		1	,150,000		4,943,457
11.Debtors				Yearto	Yearto
				Dec2023	Dec 2022
Tax recoverable				960	907
Prepayments and other debtors				4,710	1,875
				5,670	2,782
{2.Bankandcash balances
CeoperativeCommunityPlusAccount				10,701	12 547
Baptist UnionDepositAccount				19,000	23AM
Cambridge&Counties95dayNoticeAccount				71.078	55 798
Bank Float				17	14
CashinPastoral and MaintenanceFloats				200	200
				100 996	91963
13.Creditors:amountsfallingduewithinone		year		Dec.2023	Dec.2022
Accruals				991	____5205_

14.Endowment Funds	OllOltZOZ3	lncoming Resources	Resources Expended	Surplus on Re.aluatioTransfer	Surplus on Re.aluatioTransfer	llfl?lmB	llfl?lmB
				n
Endowmentfund	L849,141809,000 5,849,141809,000		(5,499,141) (5,499,141)		-	I I	L\U I I I l \v t l ilI
15.Restricted Funds	0110112023	lncoming resources	Resources expended	GainsandTransfer Lossess		31n42023
Future Building Projects
Missionand OutreachFunc		5,030	(276)				4.754
William Short LegacyFund Specific appealsFund	1u'	492	(4e2)				4-56
LeprosyMission		187	(187)
Children,Youth & Families	41		(20)		575		596
Coffee&Crafts Flower& FellowshipFund	iru	150	(47) (8)				103 367
ProjectorFund	2,995	:	(103)				2,892
BMS Birthday Scheme	455 3M 4,322 6,163		(455) (1,599)		575		304 9,472

Manse Fund 16.DesignatedFunds01t01t2023ll::il:g E€f, 6,795	Manse Fund 16.DesignatedFunds01t01t2023ll::il:g E€f, 6,795	Manse Fund 16.DesignatedFunds01t01t2023ll::il:g E€f, 6,795	Er#ffi	Transfers €	11 11 i'1^.
		_
	6,795				A]Ctr
17.Analysisofnetassetsbyfund		Fixed asset €	Current Assets €	Deferred Liabilities €	Total t
Endowment Funds		1,159,000			1,159,000
RestrictedFunds			9,472		9,472
BaptistUnionTrust			169 790		169,790
DesignatedFunds			6,795		6,795
UnrestrictedFunds			89.408		89.408
		159,000	275,465		1 434465

arrangementofthe buildings exchange were deducted from the sal	eproceeds.
	2023t
Cash received and placedinthe BaptistUnionTrust	221,814
Feesincurred in 2023	-40,787
Fees paid in2O22claimed
from trust fundin2023	-14,964
Returnedfeesin 2023	3,727
	169.790

		169.790
rustin2023
June	1323
September	1336
December	1086
	3745	3,745

Othercosts incurred
Moving Costs	4,696
Repayment of Grantreceivedfrom WestofEnglandBaptist Associatir	5,689
Architectsandother fees	40,787
Lessfeesreturned	-3,727
	4?445