Cosham Baptist Church
End of Year Financial Statements
Year ending 2022
Page 1
Financial Statements for the year ended 2022
Statement of Financial Activities
| Unrestricted Designated Restricted Endowment Total Prior year funds funds funds funds funds total funds |
|
|---|---|
| Income and endowments from: Donations and legacies Income from charitable activities Other trading activities Investments Other income Total income Expenditure on: Costs of generating funds Costs of generating voluntary income Expenditure on charitable activities Other expenditure Total expenditure Gains / losses on investment assets Net income / (expenditure) resources before transfer Transfers Gross transfers between funds - in Gross transfers between funds - out Other recognised gains / losses Gains on revaluation, fixed assets, charity's own use Net movement in funds Total funds brought forward Total funds carried forward Represented by Unrestricted General fund Designated Bethany Children, Youth and Families Church Development Fund Fellowship Fund Mission Reserve Restricted CAST Christian Assemblies Schools Team Children, Youth and Families Church Development Fund Hope into Action House |
148,948 431 328 — 149,709 187,037 24 10,946 — — 10,971 2,764 50,124 — — — 50,124 10,479 162 — — — 162 4 1,981 1,183 — — 3,164 2,161 |
| 201,241 12,561 328 — 214,131 202,446 — — — — — 135 — — — — — — 196,384 8,994 880 — 206,259 191,483 446 — — — 446 1,052 |
|
| 196,831 8,994 880 — 206,706 192,670 — — — — — — |
|
| 4,410 3,566 (551) — 7,425 9,775 1,860 194 30,467 — 32,522 541,787 (30,272) (2,054) (194) — (32,522) (541,787) — — — — — — |
|
| (24,002) 1,706 29,721 — 7,425 9,775 |
|
| 86,223 11,843 600,182 — 698,249 688,473 |
|
| 62,221 13,549 629,903 — 705,674 698,249 62,221 — — — 62,221 86,223 — 2,572 — — 2,572 1,988 — 10,286 — — 10,286 8,623 — — — — — — — 691 — — 691 1,231 — — — — — — — — — — — 194 — — 194 — 194 — — — 629,689 — 629,689 599,416 — — 19 — 19 571 |
Page 2
Balance sheet
| Total funds Prior year funds |
|
|---|---|
| Fixed assets Tangible assets Current assets Debtors Cash at bank and in hand Liabilities Creditors: Amounts falling due in one year Net current assets less current liabilities Total assets less current liabilities Liabilities Provision for liabilities after one year Total net assets less liabilities Represented by Unrestricted General fund Designated Bethany Children, Youth and Families Fellowship Fund Mission Reserve Church Development Fund Restricted CAST Christian Assemblies Schools Team Children, Youth and Families Hope into Action House Church Development Fund Funds of the church |
798,916 798,916 |
| 798,916 798,916 8,931 5,857 68,804 69,836 |
|
| 77,736 75,694 1,750 40 |
|
| 1,750 40 |
|
| 75,985 75,654 |
|
| 874,901 874,571 169,227 176,321 |
|
| 169,227 176,321 |
|
| 705,674 698,249 62,221 86,223 2,572 1,988 10,286 8,623 691 1,231 — — — — — 194 194 — 19 571 629,689 599,416 |
|
| 705,674 698,249 |
Statement of assets and liabilities
| General Designated Restricted Endowment This year Last year |
|
|---|---|
| Fixed assets - Tangible assets The Link Centre - Church Manse 176 Hawthorn Crescent - Totals Current assets - Cash at bank and in hand CAF Gold Savings Account - Barclays Bank current a/c - Petty Cash - CYF Lloyds - CYF PayPal - CAF Current Account - Totals Current assets - Debtors Accounts Receivable - Totals Liabilities - Agency accounts |
— — 513,916 — 513,916 513,916 — — 285,000 — 285,000 285,000 |
| — — 798,916 — 798,916 798,916 39,324 — — — 39,324 41,865 13,336 3,264 47 — 16,647 16,768 56 — — — 56 56 — 10,279 194 — 10,474 8,591 — 6 — — 6 31 2,295 — — — 2,295 2,523 |
|
| 55,012 13,549 242 — 68,804 69,836 8,931 — — — 8,931 5,857 |
|
| 8,931 — — — 8,931 5,857 |
Page 3
| Agency collections - Totals Liabilities - Creditors: Amounts falling due in one year Accounts Payable - Totals Liabilities - Provision for liabilities after one year Baptist Union Corporation Loan - Totals Grand total |
— — — — — 40 |
|---|---|
| — — — — — 40 1,722 — 28 — 1,750 — |
|
| 1,722 — 28 — 1,750 — — — 169,227 — 169,227 176,321 |
|
| — — 169,227 — 169,227 176,321 |
|
| 62,221 13,549 629,903 — 705,674 698,249 |
Fund movement by type
| Opening Incoming Outgoing Transfers Gains/losses Closing |
|
|---|---|
| BETH - Bethany Designated Sub-total for BETH CAST - CAST Christian Assem Restricted Sub-total for CAST CYF - Children, Youth and Designated Restricted Sub-total for CYF FF - Fellowship Fund Designated Sub-total for FF HIA - Hope into Action Hou Restricted Sub-total for HIA MISREV - Mission Reserve Designated Sub-total for MISREV Developmt - Church Development F Designated Restricted Sub-total for Developmt General - General fund Unrestricted Sub-total for General Grand total |
1,988 1,183 600 — — 2,572 |
| 1,988 1,183 600 — — 2,572 194 — — (194) — — |
|
| 194 — — (194) — — 8,623 11,017 7,494 (1,860) — 10,286 — — — 194 — 194 |
|
| 8,623 11,017 7,494 (1,665) — 10,481 1,231 360 900 — — 691 |
|
| 1,231 360 900 — — 691 571 328 880 — — 19 |
|
| 571 328 880 — — 19 — — — — — — |
|
| — — — — — — — — — — — — 599,416 — — 30,272 — 629,689 |
|
| 599,416 — — 30,272 — 629,689 86,223 201,241 196,831 (28,412) — 62,221 |
|
| 86,223 201,241 196,831 (28,412) — 62,221 |
|
| 698,249 214,131 206,706 — — 705,674 |
Page 4
Analysis of income and expenditure
| Total | ||||||
|---|---|---|---|---|---|---|
| Unrestricted | Designated | Restricted | Endowment | This year | Last year | |
| INCOME AND ENDOWMENTS | ||||||
| Donations and legacies | ||||||
| Standing Orders | 96,176 | — | — | — | 96,176 | 108,096 |
| Gift Aid and GASDS received | 22,845 | — | — | — | 22,845 | 28,803 |
| Sunday school "Snail" collect | — | — | — | — | — | — |
| Church collections | 24,365 | — | — | — | 24,365 | 23,860 |
| Sumup Donations (DONA) | 3,465 | — | — | — | 3,465 | 1,009 |
| Contactless | ||||||
| Youth Account | — | — | — | — | — | — |
| Fellowship Fund Donations | — | 360 | — | — | 360 | 360 |
| TEAR Fund offerings | — | — | — | — | — | — |
| BMS Birthday Scheme | — | — | — | — | — | — |
| General Mission Giving | 496 | — | — | — | 496 | 490 |
| Harvest India | — | — | — | — | — | — |
| Simons Sabbatical Donations | — | — | — | — | — | — |
| Vanessa Music Makers Family | 1,200 | — | — | — | 1,200 | 2,320 |
| Project | ||||||
| Hope into Action House | — | — | 328 | — | 328 | — |
| Grants received | — | — | — | — | — | 967 |
| Legacies and Church Development | 400 | — | — | — | 400 | — |
| Thanksgiving Gift Days | — | — | — | — | — | 21,000 |
| Manse Purchase and Church | — | — | — | — | — | — |
| Development fu | ||||||
| Church Weekend Receipts | — | — | — | — | — | — |
| Transfer of CYF Account to Finance | — | — | — | — | — | — |
| Co-Or | ||||||
| CYF Sundry donations | — | 56 | — | — | 56 | — |
| CYF General Income | — | 14 | — | — | 14 | 130 |
| Total | 148,948 | 431 | 328 | — | 149,709 | 187,037 |
| Income from charitable activities | ||||||
| Wedding and funeral fees | — | — | — | — | — | — |
| Photocopier donations | 24 | — | — | — | 24 | 85 |
| CYF Music Maker Attendance Fees | — | 6,266 | — | — | 6,266 | 2,417 |
| CYF Payments for Children/Youth | — | 869 | — | — | 869 | 15 |
| Clubs | ||||||
| CYF Payments for Activities, Events, | — | 3,739 | — | — | 3,739 | 240 |
| Wee | ||||||
| CYF Payments for football team | — | — | — | — | — | — |
| CD MM Project | — | 71 | — | — | 71 | 6 |
| Adult Ministries | — | — | — | — | — | — |
| Total | 24 | 10,946 | — | — | 10,971 | 2,764 |
| Other trading activities | ||||||
| Book and card sales | — | — | — | — | — | — |
| Hall lettings | 50,124 | — | — | — | 50,124 | 10,479 |
| Manse Rental income | — | — | — | — | — | — |
| Fund raising income | — | — | — | — | — | — |
| Appeals | — | — | — | — | — | — |
| Total | 50,124 | — | — | — | 50,124 | 10,479 |
Investments
Interest received
162 — — — 162 4
Page 5
| Total Other income Sundry donations PCC Refunds Bethany Care Feed in Tariff from Solar Panels Total |
162 — — — 162 4 1,435 — — — 1,435 819 — — — — — — — — — — — 1,238 — 1,183 — — 1,183 — 545 — — — 545 103 |
|---|---|
| 1,981 1,183 — — 3,164 2,161 |
|
| INCOME TOTAL | 201,241 12,561 328 — 214,131 202,446 |
EXPENDITURE
| Costs of generating funds | ||||||
|---|---|---|---|---|---|---|
| Baptist Building Loan | — | — | — | — | — | — |
| Phatfish | — | — | — | — | — | — |
| Training | — | — | — | — | — | 135 |
| Total | — | — | — | — | — | 135 |
| Costs of generating funds - Costs of | generating | voluntary income | ||||
| Simon's long service renumeration | — | — | — | — | — | — |
| Total | — | — | — | — | — | — |
| Expenditure on charitable activities | ||||||
| Car Expenses | 92 | — | — | — | 92 | 335 |
| Salaries & Expenses | 86,877 | — | — | — | 86,877 | 89,036 |
| NI employer and employee | 8,033 | — | — | — | 8,033 | 9,767 |
| Pension Contributions | 13,492 | — | — | — | 13,492 | 14,914 |
| Tax | — | — | — | — | — | — |
| Guests Speakers Fees | 651 | — | — | — | 651 | 664 |
| Fellowship Support Fund | — | 900 | — | — | 900 | 130 |
| Simon Heating allowance | 159 | — | — | — | 159 | 159 |
| Wayne Heating allowance | — | — | — | — | — | — |
| Simon Book & Ministerial | 437 | — | — | — | 437 | 47 |
| Development All | ||||||
| Jim Book Allowance | — | — | — | — | — | — |
| Resource Centre & Literature | — | — | — | — | — | — |
| IT and AV Equipment | 2,860 | — | — | — | 2,860 | 21,672 |
| Mission Outreach (+Alpha) | — | — | — | — | — | 60 |
| Children and Families Work | 375 | — | — | — | 375 | 530 |
| Youth | — | — | — | — | — | — |
| Music and Worship | — | — | — | — | — | 78 |
| Floral/Banner Display | — | — | — | — | — | — |
| Catering and Kitchen supplies | 1,674 | — | — | — | 1,674 | 37 |
| Bookstall expenses | — | — | — | — | — | — |
| Administrator's Salary & Exps | — | — | — | — | — | — |
| Fees/Del Exps/Licences | 3,274 | — | — | — | 3,274 | 3,372 |
| Stationery, office supplies, publicity | 306 | — | — | — | 306 | 359 |
| Photocopier Costs | 1,081 | — | — | — | 1,081 | 1,062 |
| Telephone & Internet | 545 | — | — | — | 545 | 493 |
| CBC Non-Domestic Rates | — | — | — | — | — | — |
| Insurances | 3,506 | — | — | — | 3,506 | 4,115 |
| Heating/light/water | 11,358 | — | — | — | 11,358 | 4,716 |
| Office Equipment | — | — | — | — | — | — |
| Bethany care Expenses | — | 600 | — | — | 600 | — |
Page 6
| Repairs and renewals Cleaning Church Development Church Dev Loan Repayment Alarm & Security Particular Baptist Fund repaym SCBA Loan repayment BU Corp Loan repayment Baptist Building Fund repaymen BMS BMS Birthday Scheme Home Mission Church of the Year Donation Spurgeon's College Donations Other Mission Giving Solent Youth for Christ African Bible Translators Tim and Hannah Flatman Mission support Reach Across BU subscriptions TEAR Fund donations Evangelical Alliance Subscript Prior support to AIM Intl Hannah Mills Tracey Ansell Tony Campolo Harvest India Expenses Portsmouth Food Bank Bank charges Church Weekend Manse/Repairs and Expenditure Kevin Mills - Spurgeons College Sarah Thomas - Moorlands College Music Makers Family Project Volunteer Training Legal fees Architects fees Hope into Action House Deprec - office eqpt CYF Activities, venue hire, events ticke CYF Love gifts CYF Mission giving CYF Computer, software, websites CYF resources, props, decorations CYF food and catering CYF Football team expenses CYF Insurance CYF Transport costs CYF Ministerial expenses CYF Visiting Speakers CYF Music Maker Project CYF Stationery and publicity CYF Sundries CYF General Expenses CYF CYF PaylPal fees CAST expenses and equipment Wayne Dulson Heating allowance Wayne Dulson Book allowance Total ther expenditure Sundry Items |
10,914 — — — 10,914 4,462 12,868 — — — 12,868 3,824 — — — — — — — — — — — — 1,370 — — — 1,370 1,238 — — — — — — — — — — — — 7,676 — — — 7,676 5,608 — — — — — — 3,503 — — — 3,503 5,008 — — — — — — 7,522 — — — 7,522 7,704 — — — — — — — — — — — — 673 — — — 673 1,200 — — — — — — — — — — — — 600 — — — 600 600 4,614 — — — 4,614 — 769 — — — 769 812 — — — — — 100 — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — 200 — — — 200 240 184 — — — 184 180 — — — — — — 8,013 — — — 8,013 — — — — — — — — — — — — — 2,116 — — — 2,116 3,525 420 — — — 420 — — — — — — — — — — — — — — — 880 — 880 294 — — — — — — — 1,625 — — 1,625 170 — — — — — — — 1,416 — — 1,416 1,416 — 11 — — 11 1,168 — 1,266 — — 1,266 1,295 — 1,502 — — 1,502 190 — — — — — — — — — — — — — 605 — — 605 — — — — — — — — — — — — — — 27 — — 27 27 — — — — — 36 — 407 — — 407 87 — 630 — — 630 483 — — — — — — — 0 — — 0 0 — — — — — — 159 — — — 159 159 48 — — — 48 94 |
|---|---|
| 196,384 8,994 880 — 206,259 191,483 428 — — — 428 613 |
Other expenditure
Page 7
| Health and Safety | 18 | — | — | — | 18 | 438 |
|---|---|---|---|---|---|---|
| Total | 446 | — | — | — | 446 | 1,052 |
| EXPENDITURE TOTAL | 196,831 | 8,994 | 880 | — | 206,706 | 192,670 |
| GRAND TOTAL | 4,410 | 3,566 | (551) | — | 7,425 | 9,775 |
Independent Examiners report
Accounts for the year ended 31[st] December 2022
Respective responsibilities of the Trustees and the examiner
The charity’s trustees are responsible for the preparation of the accounts, and they consider that an audit is not required for the year under section 144(2) of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to:
Examine the accounts under section 145 of the Charities Act
to follow the procedures laid down in the general directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
to state whether particular matters have come to my attention.
Basis of the Independent Examiner’s statement
My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with these records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required for an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view, and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination, no material matter has come to my attention which gives me cause to believe that in, any material respect:
Accounting records were not kept in accordance with section 130 of the Charities Act, or the accounts do not accord with the accounting records
I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Date: 25[th] August 2023
Signed:
Stephen Hendy
Page 8
i) 1711W22 OXII 8RT
Indepfident Examlner Oata Developrnents Structure. Go¥ernan¢e and Man•yrnent C05harn Baptist Church 15 a charitable unincoTporJted ass<K4ation governed by its constitution41 (approved 8ry4ernln81 docurnènts. The churth is a member of the 8aptist Union of Great 8ritain18UGBI and of the Southern Counties Baptist A5XXiation ISCBAI and supports the attivitles and funds of both these. Church Membership is open to all who: Accept the beliets of the church. Meet the thurch's qualification on Baptlsm. Commit themselves to seNn8 Christ within the churth and beyond. Ablde by ihe dedslons of ihe Church Members. Meetlng. Acknowledge thelr responsibllStles as church members. their membershlp èppllcatlon accepted by the Church Memberf Meetin8 The usual mcmle of entry into churth membershlpls followlng baptism by Immerslon upon petsonal professlon of tslth. However, Cosham Baptist Church has an open membership policy, $0 that per50n5 seekin8 membership who have not been baptised in the manner described may at the dlscretion of the of the Church Members, Meeting be xcepted into full membership based on their own public profession of faith. Ministers (who are also Trustees} are called lelertedl by a majority vote of church members •nd serve until they resi8n or are voted out by church members at an extraordlnary church members, meetlng. Church Deacons (who are also Trustees) are elecied from the church members by secret ballot usually at the church's Annual General Meetin8 and Serve for threewear periods btfore needing reolection. All new Trustees are gl¥tn a copy of the Charity Commissloners current leafietl8uide on tein8 a charity trustee and relevant 8UG8ISCBA guidance. They are entttled, should they wish, to attend training day at the church's expense to further clarify their knowled8e. The Trustees Meet usually once per month to revlew the artlvEt*s of the church and make decislons re8ardiryd the church's actlvltfjes. Churth Members are entltled to attend church meetlngs In person and are now aho enlitled to view meetlngs online and Vote remotely rf they are unable to attend in person. Ordinary Churth Members. Meetln8s are held at regular Intervals on not less than four oc¢aslons In any calendar ffar and IrnIa1fy bimonthty. These are an opportunlty to consider and review routine matters assoclated with the Ilfe of the Churth includln8 Issues related to thurch mefflbership.
Th wkKlpal wrpom of ChvTth Is the •¢fv•nc•m•nt olth• Chrbthn f•lth Kcofdlw to th• ¢h•rtt•bl• purpo In the Urtted XIA1 •ndlor Ot Tts Oltr world. 8•ptlyn udelk4rydln the I•pitst Unkn's Decl•r•tlon of Pr1. The C4xnnwnlon ofth• Lorfs PPer thlth wlll be ob5•Md •t l•Mt • Ev•YyllJm •nd mls%k)n loc•lly. r•m•ify, natk)n•lty, and Int•Jn•tk>n•¢. Th• Mmirn •nd ofchrlstlan Olsthpl•s Ed17 tr•kn1 for Cl¥tsd conThmlty Mr¥k•¥ Glvkw p•stN•l ur• •nd erKow4lr4 h•r% to do Ilk•wkw. •nd Chwltable •¢lSon In ihe UK and •trr•d wth Iitenth In pIr. We also re•#•rt•d of tyjr artMts dur1 th• tttk ry • Weknd•y
In addstion our activitbes for children & younger people have re-started and dernand has confirmed that there Is still a need for these artivltles. These induded a Summer Camp in a nearby location and the youth attendln8 a Satelliles Youth Festival. 8y the end of the year. there was a waitin8 list for Musl¢ Makers- our outreKh to those carlng for prch¢ children. We have extended our provlsloft of coffee & biscults to befve ¢xw Sunday Mornln8 Ser¥ke as well as •fter as part of our "wekome" to the church. Also the lettln8 of Various Churth Roorns durlr the week when they were not being used the Church to other local Charity & Support groups. We estimate that approximately 650 people ¥islt the Church dufln8 the week to take part In these •ctMties. We partnered wlth a local charity - Stella's Voke - to acl as • drop off polfit for food / tolletrles 1 clothin8 for those who had fled from the war in the Ukraine across the border to Moldova. We also contSnued to partfi with "Hope inlo Artion" and wpported • f•rnlly ol refee$ in • local house. As Wlnter approached we opened as a Yarm Welcome" centre to provlde a warrn plxe for people str10n8 wlth the In¢•sed cost of htIry thelf hornes to 80 for • meal •nO companloDship. Towards the end of the year, one of our Ministers left us to tske up a posltlon •t BSllerkay Baptist Church. We wlsh Wayne and his famify well In thelr new home and we thank hirn for his influence In encouragln8 us to have ilmes set aside for prayer •nd fastln8 durin8 the year. A150 under his guidance. we have been encoura8ed by new people joinin8 us recently. some of which htye been drawn to us fter Watchi our streamed services online. Flnand•l R•vl•w Our overall Income for the year 1st January 2022 to 31 Decernber 2022 was £214.131 lanCed 48ainst an expenditure of £206.7(Yp fesultin8 In a surp5 aver the year of £7,425. The maln source of Incon for the church femalns the 8enen)us wAunt•ry 81th8 of Its membefs and other regular attenders. Most of this came from Standin8 Orders which amounted to £%.176 over the year. a decrease of £11.920 over the prevK>US year. This was partially cornpen5aled by Sundav offeriny and one-off don•iions which ioialled £29.667. an increase of E3.979 on last year. Ffom the donatlons received for the general offerin8 and standing orders comblned, we were able to claim E22.845 in Gift A¥1. a deciease of£5.958 o¥er1•st yearfs amotsnL Now that Our bulklin8s were fully opened, we were able to 8ain increased income from Hall Hirings and ihis afflounted to £50,124 ovef the year. We very muth aPPTeciate the hard **Ofk of ouw Offke Mana8er in developin8 relat¥>n5hips with new hlfws io achi this incfease. Unfortutety 45 we started usin8 the twildiry mofe fully, expeTr5i maintenance Issues were identified which needed addressin& partKularty re8arding the automatic entrance doors and this. alon8 With pluM'n8 and heaun8 repairs. resulted in an expenditure of £10.914. The manse double
lailng needed replKln8 and that, abng wlth oiher essentlal work on the manse cost another £8,013. Children. Youth and Famllies returned to a mofe nomial level of actlvfjty and thls generated an income of £11,017 from fees for chlldren attendln8 varlous actlvitles, camps and clubs. This was balanced agoin5t an expenditure of £7A94 which resulted in a surplus of £3,523 over the year. At the end of the year. we hèd £55.041 in our General Fund, there wa5 £10,481 in the fund designated for Children, Youth and Familie5 and £2.572 in ihe Bethany Fund. whkh wlth Senior Citlzen& The Fellowshlp Fund retsined £691. All In all. our reserves were £58.304 plus an addltiotial £10,481 hekl ty Chlldren, Youth and Farnllles nd 50, despite some uncertalntles of the slie of potential bulldlng malntenance bills. and thanks to the donations of those who attend the church and the incorne from lettin8 our rooms during the week. the church has a 50und financial future. Drl•f 5tst¢rn•nt of the Charws Pollry on Rerves The trurtees hats •ged that our pollcy on reser¥es would remaln unchon8ed at a rtser¥e threshold of £45,LXiI. This would be sufficient io enable a controlled Closu over a period of three months In Ihe èvent of a sudden complete Ce$tkIn of Income. Althou8h we would need to 8l¥e some members of staff More th•n thfee months. notlce. Ihe Trustees COndered thai a sudden complete cessatlon of Income was an unlikefy scenarfo. It would be more Ilkely that there would be a 8radual loss of income. and in these circumstances. re5epies would be needed to enable us to tallor our spendin8 to the new circumstances. At the end of 2022, our reserves totalled £58.304, well above our reserve limlt. However, the Trustees are aware that we contlnve to face a chalten8in8 financial situailon. wlth a decrease In our membership, rising ulility bills and the additional maintenance costs bein8 found. We are partlcularly concerned about multlple leaks In our roofs and cracks in the walls of a small room at the back of the church whlch may represent subsldentt. We are engaglng wkth our Insurance company about the latter Issue. Our wa8e blll wlll be reduced over the next ar whlle seek a replacement for our adult Co-Pastor. who has moved to another church. and this will mean thal more funds may be able to be used io address Some of these maintenance Issues. The Trustees wlll, of course, contlnue to monltor the flnanclal sltuatlon and our reserves closely to ensure that the church rem•ins tlnancl•lly ¥lable. Indepèndent EM•mlMr The church voted at the Annual General Meetlng to reappoSnt Mr Graham Woodyet as our Independent Examlner for the 2022 accounts. The Trustees have read the Charlty Comrnlsslon'5 guldance on Publlc Benefit and ha¥* taken regard of this In making decislons relating to the runnin8 of the charfty. They are satisfied that the activities descrlbed above are conslstent with our declared Purp( and provide benefft to the publK.
IL pi [SV MP FE¢J zcl 117lz3