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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 |
|
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 |