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2023-12-31-accounts

2023 2022
Notes Unrestricted Designated Restricted Total Unrestricted Designated Restricted Total
£ £ £ £ £ £ £ £
Income
VoluntaryIncome 2 24,825 15,600 1,248 41,673 27,378 1,585 4,059 33,022
InvestmentIncome 3 64,466 5,335 790 70,591 63,571 1,712 396 65,679
IncomefromCharitableActivities 4 132,823 0 (0) 132,823 123,969 0 0 123,969
TotalIncome 222,114 20,935 2,038 245,087 214,918 3,297 4,455 222,670
Expenditure
CharitableActivities 5 177,261 34,239 14,395 225,895 159,318 16,047 14,408 189,773
TotalExpenditure 6 177,261 34,239 14,395 225,895 159,318 16,047 14,408 189,773
Net lncome/(Expenditure)
before Transfers 44,853 (13,304) (12,357) 19,192 55,600 (12,750) (9,953) 32,897
GrossTransfersbetweenFunds 9 30,069 (29,589) (480) 0 (55,652) 55,666 (14) (0)
Net lncome/(Expenditure) after Transfers
between Funds 74,922 (42,893) (12,837) 19,192 (52) 42,916 (9.967) 32,897
Gain/(Loss)onrevaluationofinvestmentassets 10 0 0 0 0 (26,000) 0 0 (26,000)
ActuarialGainZ(Loss)onDefined 21 0 0 0 0 17,823 0 0 17,823
BenefitPensionSchemeLiability
Net Movement in Funds 74,922 (42,893) (12,837) 19,192 (8,229) 42,916 (9.967) 24,720
Total Funds brought forward 1,256,440 319,864 37,627 1,613,931 1,264,669 276,948 47,594 1,589,211
Total Funds carried forward 1,331,362 276,971 24,790 1,633,123 1,256,440 319,864 37,627 1,613,931

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Notes 2023 2022
£ £
Net cash used by operating activities 20 (25,800) (12,457)
Cashflows from investing activities
Investmentincome 3 70,591 65,679
Purchaseoffurnitureandfittings 12 (19,619) (13,315)
Change in cash in the year 25,172 39,907
Cashatthestartoftheyear 296,779 256,872
Cash at the end of the year 321,951 296,779

Unrestricted Designated Restricted Total Total
2023 2022
£ £ £ £ £
Offerings 19,913 12,480 998 33,391 24,120
Taxrecoveries 4,912 3,120 250 8,282 5,902
Grantsreceived 0 0 0 0 3,000
Totals 24,825 15,600 1,248 41,673 33,022

Unrestricted Designated Restricted Total Total
2023 2022
£ £ £ £ £
Bankinterest 524 49 30 603 565
Otherinterest 2,262 5,286 760 8,308 1,755
Rentreceived-freeholdproperties 31,680 0 0 31,680 31,059
Rentreceived-leaseholdproperties 30,000 0 0 30,000 32,300
Totals 64,466 5,335 790 70,591 65,679

Unrestricted Designated Restricted Total Total
2023 2022
£ £ £ £ £
Roomlettings 126,963 0 0 126,963 120,893
Rentforcaretaker'sflat 5,830 0 0 5,830 2,950
Otherincome 30 0 (0) 30 126
Totals 132,823 0 (0) 132,823 123,969

Unrestricted Designated Restricted Total Total
2023 2022
£ £ £ £ £
Ministry 67,636 4,035 0 71,671 62,401
Mission 32,486 5,505 12,909 50,900 44,576
Establishment 77,139 24,699 1,486 103,324 82,796
Totals 177,261 34,239 14,395 225,895 189,773

Charitable Grant Support Total Total
activities funding costs 2023 2022
£ £ £ £ £
Ministry 57,029 1,250 13,392 71,671 62,401
Mission 13,050 34,786 3,064 50,900 44,576
Establishment 83,675 0 19,649 103,324 82,796
Totals 153,754 36,036 36,105 225,895 189,773

Unrestricted Designated Restricted Total Total
2023 2022
£ £ £ £ £
BaptistUnionHomeMission 7.500 0 0 7,500 6,810
BMSWorldMission 7,500 0 150 7,650 6,350
RegentsParkCollege 1,250 0 0 1,250 1,875
Gatehouse 1,250 0 0 1,250 1,250
ChristianAid 750 0 260 1,010 1,237
CharltonLivingLegacyGrants 0 0 10,000 10,000 8,000
MintHouseRestorativePracticeCentre 3,750 0 125 3,875 3,750
CommunityEmergencyFoodbank 0 0 0 0 255
OxfordWinterNightShelter 1,250 0 625 1.875 0
Hardshipgrants 0 1,505 0 1,505 537
OtherGifts 20 0 100 120 354
Totals 23,270 1,505 11,260 36,035 30,418
Unrestricted Designated Restricted Total Total
2023 2022
£ £ £ £ £
Administrativestaff 31,327 0 0 31,327 19,540
Otheradministrativecosts 4,778 0 0 4,778 14,326
Totals 36,105 0 0 36,105 33,866

Staff costs and Trustee expenses
Total Total
2023 2022
£ £
Salaries 59,119 47,964
Socialsecuritycosts(netofNationalInsurance"EmploymentAllowance") 517 0
Pensioncosts 7,115 5,621
Othercosts 4.941 4,433
Totals

Church Manse Furniture& Computers& Totals
Premises Fittings Equipment
£ £ £ £ £
Cost
1January2023 100,000 3,000 278,552 5,350 386,902
Additions 0 0 18,719 900 19,619
Disposals 0 0 0 0 0
31December2023 100,000 3,000 297,271 6,250 406,521
Depreciation
1January2023 0 0 168,477 5,350 173,827
Disposals 0 0 0 0 0
Chargefortheyear 0 0 23,328 250 23,578
31December2023 0 0 191,805 5,600 197,405
Net Book Value
31December2023 100,000 3,000 105.466 650 209,116
31December2022 100,000 3,000 110,075 0 213,075
Allofthefixedassetsareusedfordirectcharitablepurposes.
Investment Assets
Adjacent Adjacent Total Total
Premises Shop 2023 2022
£ £ £ £
1January2023 528,300 576,300 1,104,600 1,130,600
Gains/(losses)onrevaluationofinvestmentassets 0 0 0 (26,000)
31December2023 528,300 576,300 1,104,600 1,104,600
ThebasisofthecarryingvalueofinvestmentassetsisdescribedinNote 10 above.

Debtors
2023 2022
£ £
Accruedincome 3,631 7,164
Prepaymentsandotherdebtors 8,628 12,442
12,259 19,606
Bank and cash balances
2023 2022
£ £
PettyCashImprest 10 80
CooperativeBank Current&DepositAccounts 54,761 27,928
BarclaysBankCurrentAccount 7,567 6,012
OtherBankDepositAccounts 80,000 76,787
BaptistUnionCorporationDepositAccounts 179,613 185,972
321,951 296,779
Creditors : amounts falling due within one year
2023 2022
£ £
Othercreditors 0 3,000
Accruals 14,803 17,129
14,803 20,129

Restricted Funds
1.1.2023 Income Expenditure Transfers 31.12.2023
£ £ £ £ £
RachelHarrisonlegacy 11,256 450 0 (450) 11,256
BuildingFund 7,918 0 (1,488) 0 6,430
CharltonLivingLegacyFund 15,794 310 (10,000) 0 6,104
GoringTrustPrincipal 1,000 30 0 (30) 1,000
JustOxfordProjectFund 1,646 (0) (1.646) 0 (0)
OtherGiftsforSpecialPurposes 13 1,248 (1.261) 0 (0)
Totals 37,627 2,038 (14,395) (480) 24,790
1.1.2022 Income Expenditure Transfers 31.12.2022
£ £ £ £ £
RachelHarrisonlegacy 11,256 0 0 0 11,256
BuildingFund 11,313 0 (3,395) 0 7,918
CharltonLivingLegacyFund 23,412 382 (8,000) 0 15,794
GoringTrustPrincipal 1,000 14 0 (14) 1,000
JustOxfordProjectFund 0 3,000 (1.354) 0 1,646
OtherGiftsforSpecialPurposes 613 1,059 (1,659) 0 13
Totals 47,594 4,455 (14,408) (14) 37,627
Fixed Investments Pension NetCurrent Total
Assets Liability Assets 31.12.2023
£ £ £ £ £
RachelHarrisonlegacy 0 0 0 11,256 11,256
BuildingFund 6,430 0 0 0 6,430
CharltonLivingLegacyFund 0 0 0 6,104 6,104
GoringTrustPrincipal 0 0 0 1,000 1,000
JustOxfordProjectFund 0 0 0 0 0
OtherGiftsforSpecialPurposes 0 0 0 0 0
Totals 6,430 0 0 18,360 24,790

Designated Funds
1.1.2023 Income Expenditure Transfers 31.12.2023
£ £ £ £ £
RepairsReserve 222,224 19,481 (32,733) (29,589) 179,383
Contingency 39,834 853 0 0 40,687
Legacy 55,773 0 0 0 55,773
Hardship 2,033 600 (1,505) 0 1,128
Totals 319,864 20,934 (34,238) (29,589) 276,971
1.1.2022 Income Expenditure Transfers 31.12.2022
£ £ £ £ £
RepairsReserve 181,600 1,134 (15,510) 55,000 222,224
Contingency 39,576 258 0 0 39,834
Legacy 55,772 335 0 (334) 55,773
Hardship 0 1,570 (537) 1,000 2,033
Totals 276,948 3,297 (16,047) 55,666 319,864

Fixed Investments Pension NetCurrent Total
Assets Liability Assets 31.12.2023
£ £ £ £ £
RepairsReserve 0 0 0 179,383 179,383
Contingency 0 0 0 40,687 40,687
Legacy 0 0 0 55,773 55,773
Hardship 0 0 0 1,128 1,128
Totals 0 0 0 276,971 276,971
At31December2021,£81,319oftheRepairsReserverepresentedfixedassetsandallotherbalances representednet currentassets.
**19. ** Analysis of Net Assets Fixed Investments Pension NetCurrent Total
Assets Liability Assets 31.12.2023
£ £ £ £ £
RestrictedFunds 6,430 0 0 18,360 24,790
DesignatedFunds 0 0 0 276,971 276,971
UnrestrictedFunds 202,686 1,104,600 0 24,076 1,331,362
Totals 209,116 1,104,600 0 319,407 1,633,123
Fixed Investments Pension NetCurrent Total
Assets Liability Assets 31.12.2022
£ £ £ £ £
RestrictedFunds 7,918 0 0 29,709 37,627
DesignatedFunds 77,188 0 0 242,676 319,864
UnrestrictedFunds 127,969 1.104,600 0 23,871 1,256,440
Totals 213,075 1,104,600 0 296,256 1,613,931
2023 2022
£ £
Netmovementinfunds 19,192 24,720
plus:Depreciation 23,578 21,962
less:InvestmentIncome (70,591) (65,679)
(lncrease)/decreaseindebtors 7,347 (11,157)
(Decrease)Zincreaseincreditors (5,326) 12,097
ReductioninPensionLiability 0 (20,400)
Revaluationofinvestmentassets 0 26,000
Netcashconsumedbyoperatingactivities (25,800) (12,457)

Type of financial assumption % pa
RPIpriceinflationassumption 3.20
CPIpriceinflationassumption 2.70
MinimumPensionableIncomeincreases(CPIplus0.75%pa) 3.20
Assumedinvestmentreturns
-Pre-retirement 2.95
- Postretirement 1.70
Deferredpensionincreases
-PreApril2009 3.20
-PostApril2009 2.50
Pensionincreases
-MainSchemepension 2.70

Accounting date (year ending 31 December): 2023 2022
Balancesheetliabilityatyearstart 0 20,400
Minusdeficiencycontributionspaid 0 (2,577)
Interestcost(recognisedinSoFA) 0 382
Remainingchangetobalancesheetliability*(recognisedinSoFA) 0 (18,205)
Balancesheetliabilityatyearend 0 0