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Registered number- 06739587
Charity number- 1128133
BRUNSTAD CHRISTIAN CHURCH DIDCOT
(A company limited by guarantee)
UNAUDITED
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

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BRUNSTAD CHRISTIAN CHURCH OIDCOT
IA company limited by 9uarantee}
CONTENTS
Page
Reference and administrative details of the charity, its Trustees and advisers
Trustges. report
Independent examiner's report
Statement of financial activities
Balance sheet
9-10
Statement of cash flows
Notes to the financial ststements
12-25

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BRUNSTAD CHRISTIAN CHURCH OIDCOT
IA company limited by 9uarantee}
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2023
Trustgos
Ms Gro Jacobs (resigned 22 February 20231
Ms Linda Heaven Iresigned 12 December 20231
Mr Louis Peter Van As lappoinled 22 February 2023)
Mr Paul Heaven
Ms Lucy Savage
Mr Stuart David Cox lappoinled 6 February 20241
Ms Anne Abraham (appointed 26 September 20231
Company registgrgd number
06739587
Charity rggistered numbgr
1128133
Registgred officg
Garden House, Milton Hill, Steventon, Abingdon, Oxfordshire, OX13 6AF
Chigf executive officor
David Heaven
Accountants
James Cowper Kreslon, Reading Bridge House, George Street, Reading, Berkshire, RG1 8LS
8ankors
HSBC. 186 Broadway, Didcol, Oxfordshire, OX11 8RP
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BRUNSTAD CHRISTIAN CHURCH OIDCOT
IA company limited by 9uarantee}
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees (who are also directors of the charity for the purposes of the Companies Acll present their annual
report together with the financial stslemenls of Brunstsd Christian Church Didcol Ilhe company) for the year
ended 31 December 2023. The Trustees confirm that the Annual report and financial slalements of the company
comply with the current slatulory requirements, the requirements of the companls governing document and the
provisions of the Statement of Recommended Practice ISORPI, applicable to charities preparing their accounts
in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021
leffeclive 1 January 20191. sin￿ the company qualifies as small under section 383, the strategic report required
of medium and large companies under The Companies Act 2006 Islralegic Report and Direclorfs Report)
Regulations 2013 is not required.
STRUCTURE, GOVERNANCE AND MANAGEMENT CONSTITUTION
The company is registered as a charitable company limited by guarantee and was sel up by a Memorandum of
Association on 3 November 2008. The Articles of Association were updated in December 2011 to reflect the
latest guidelines and lo provide that voting of the board should be unanimous where not specified otherwise by
the companies acts.
The company is conslituled under a Memorandum of Association dated 3 November 2008 and is a registered
charity number 1128133.
The principal object of the company is to promote the furtherance of the Christs'an faith and support the
development of young people.
METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES
The management of the company is the responsibility of the Trustees who are elected and co-opted under the
terms of the Articles of Association. As the need arises the existing Iruslees will continue lo identify potential
candidates from the active church members based on their involvement and skills. Many church members take
responsibility for activities or projects in the church, and this gives us a pool of possible candidates with known
POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES
Appropriate webinars and courses lo improve and update Iruslee knowledge are highlighted to all Iruslees and
feedback from those allending is shared with the whole group.
ORGANISATIONAL STRUCTURE AND DECISION MAKING
The management of the company is the responsibility of the Trustees who are elected and co-opted under the
terms of the Articles of Association. The board of Iruslees meets al least 9 limes a year and meetings include a
financial update, development considerations and any other significant decisions.
At the AGM in September, Paul Heaven retired as a Iruslee by rotation in accordance with the articles and
offered themselves for reappointment, which was unanimously approved.
On 22 February 2023, Gro Jacobs resigned as Iruslee, and Louis Van As was appointed as trustee.
On 26 September 2023 Anne Abraham was appointed as Iruslee.
On 12 December 2023, Linda Heaven resigned as Iruslee.
Stuart Cox was appointed as a Iruslee on 6 February 2024.
OBJECTIVES AND ACTIVITIES
ACTIVITIES FOR ACHIEVING OBJECTIVES
The Iruslees have paid due regard lo the Charity Commission's guidance on public benefit and strongly believe
that holding Christian services and olher aclivits'es detailed in this report provide public benefit. Individuals are
laughl lo feel responsible lo contribute lo the welfare of society, lo respect the authori118s in the country, and lo
show genuine care for Iheir neighbours and the environment.
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BRUNSTAD CHRISTIAN CHURCH OIDCOT
IA company limited by 9uarantee}
TRUSTEES. REPORT ICONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2023
The charity holds regular Christian meetings, and arrange the following activities aimed at specific groups:
Three Sunday School groups for 3-5, 6-8 and 9-11 y8ar olds
Bible studies for tweens
Weekly youth meeting for 13-36 year olds
Sport I leisure lime aclivities113-25 years)
Foolb811 tr8ining14-16 years)
Weekly activities club18-11 years and 12-18 years)
Contributed with acting, directing, script writing, dubbing and translating of Christian media conlenl
Develop leadership and management skills by involvement in and planning of church events and activities
We contribute financially to international missionary work ancl support a multilingual Christian website
Iww4.aclivechrislianily.orgl both financially and by conlribuling conlent. We have decided that it is more effective
lo support this global resource Ihan maintain our own local web presence. Several of our members have
conlribuled conlenl lo th8 sile, either in written form or as video interviews. Several of our members also
volunteer their time lo provide English sublilling and dubbing on the Brunslad TV channel, enabling English
speaking people around the world lo access the content.
ACHIEVEMENTS AND PERFORMANCE
REVIEW OF ACTIVITIES
In 2023 there were no significant improvements lo the property.
Regular general meetings are held on Sundays with three concurrent children's meetings held alongside.
Youth meetings are held weekly for 1>36-year-olds. The regular aclivitses clubs continue on a Tuesday evening
for ￿11-Year-OldS, whilst the 12-18-year-olds are also provided with a variety of aclivits'es and given the
opportunity to develop a range of skills ranging from maintenance lo media and event planning.
Our media team continues lo be involved in Iranslaling and dubbing the content of the channel from Norwegian
so that English speakers all over the wodd can watch and listen lo conlenl in English.
Our youth group participated in two TV based bible studies during the Spring and Autumn of 2023. Many of the
youth group also travelled lo Norway for four Christian International Youth Activity camps held throughout the
year. The camps offer young people allending from all over the world a broad range of activities during the day
and brings them together in the evenings for interesting bible studies, meetings and other events aimed al
edification and building fellowship.
Our youth group also visited a Christian youth group in the Netherlands and hosted a return visit from the NL
youth group.
FINANCIAL REVIEW
We closed the year with nel assets of £1,162k 12022.. £1,194kl having raised £597k {2022.' £516kl during the
year, in addition lo spending £629k12022.' £605kl on charitable activities and governance costs. The increase in
income was due lo increased donations, standing orders and increased business donations. The increase in
spending was due lo an In¢￿aSe in events, aclivilies, and foriegn exchange differences.
Due to rising interest rates, we look the decision to pay off the remaining balance on our mortgage in Ocl-23.
This is expected lo make significant savings in interest costs over the next few years.
The trading subsidiary TCD saw continued growth donating £64,38912022: £53,824).
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BRUNSTAD CHRISTIAN CHURCH OIDCOT
IA company limited by 9uarantee}
TRUSTEES. REPORT ICONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2023
PRINCIPAL RISKS AND UNCERTAINTIES
The trustees have evaluated the risks facing the charity and these fall into two main areas, financial and people.
Raising sufficient income to meet our operating costs, and to maintsin a sound financial basis for expected
future growih is a key risk. Our income regularly exceeds our expectslions, we have a significant cash balance,
and the members of the charity continue to be highly engaged in our mission, so this risk is currently considered
lo be low.
On the people side, much of our activity is focussed on children and young people, and therefore we face the
same risks as every other organisalion that provides services lo those groups. We manage this risk through a
Child Protection Program including enhanced DBS checks and regular training. This risk is currently considered
lo be low.
RESERVES POLICY
We would normally aim lo hold £20,000 for emergency spend and a further £20,000 lo cover seasonal
fluclualions in our current account.
Amounts for use over a longer lime frame are moved lo interest bearing accounts. During the year £14,019
12022.. £12,414) of reserves was invested in improvements to our property and other fixed assets.
Our policy is to build reserves sufficient to allow us lo develop facilities which will further our objectives over 8
horizon of al least twenty years and lo reduce our reliance on debt funding. We ideally plan lo lake a maximum
of 500/0 debt funding for building projects.
Currently we are partway through the sawng cycle and therefore have funds 12023.. £1,037,195 and 2022-.
£1,141,979) saved for future development and projects. We anticipate this to be used in=
small and medium development projects in the short to medium term, including extension of our existing
premises.
a major development al our main premises, Garden House.
donating funds lo charitable projects being carried out by like-mindeé organisalions which further our
objectives. We held funds for this purpose al the ye8r-end in order to support spectfic projects 8$ the need
arises.
Our preference is to adopt a social investment approach lo the reserves in order lo apply them for aligned
charitsble purposes until such time as we need lo use them. This is covered in more detail in the next section.
INVESTMENTS POLICY
As our reserves policy noted above has involved us holding significant funds careful consideration has been
given lo our investment policy. Our policy is lo seek to hold our funds in a combination of=
interesl-bearing cash accounts and money market accounts as a low risk and accessible funds 12023..
£209,919 and 2022.. £355,292)
low to moderate risk charitable investment (NOK 1 Om loan with an interest rale of 5,/0}
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BRUNSTAD CHRISTIAN CHURCH OIDCOT
IA company limited by 9uarantee}
TRUSTEES. REPORT ICONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2023
TRUSTEES. RESPONSIBILITIES STATEMENT
The Trustees (who are also directors of Brunslad Chrislian Church Didcot for the purposes of company lawl are
responsible for preparing the Trustees. Report and Ihe financial statements in accordance with applicable law
and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees lo prepare financial statements for each financial year. Under company law
the Truslees musl not approve the financial statements unless they are satisfied that they give a true and fair
view of the stale of affairs of Ihe charitable company and of Ihe incoming resources and application of resources,
including Ihe income and expenditure, of the chariiable company for that period. In preparing these financial
statements, the Trustees are required lo..
select suitable accounting policies and then apply them consistently,.
observe the methods and principles in the Charities Statement of Recommended Practice..
make judgments and accounting eslimales that are reasonable and prudent.,
prepare the financi81 statements on the going concern basis unless it is inappropriate lo presume that the
charitable company will continue in operation.
The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain
the charitable companls transactions and disclose with reasonable accuracy al any time the financial position of
the charitable company and enable them to ensure that the financial statements comply with the Companies Act
2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking
reasonable steps for the prevenb.on and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by..
PH
Pa￿￿￿￿￿￿01J￿n2C￿￿ i1￿￿&￿T(urc•II
Mr Paul Heaven
ITrusleel
Dale..
01 June 2024
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BRUNSTAD CHRISTIAN CHURCH OIDCOT
IA company limited by 9uarantee}
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
Indgpendent Examingr's Roport to thg Trustegs of Brunstad Christian Church Did¢ot
report lo the charity Trustees on my examination of the accounts of the Charity for the year ended 31
December 2023.
Responsibilitigs and 8asis of Roport
As the Trustees of the Charity land its directors for the purposes of company lawl you are responsible for the
preparation ol the accounts in accordance with the requirements of the Companies Act 2006 Ilhe 2006 Acl'l.
Having satisfied myself that the accounts of the Charity are not required lo be audited under Part 16 of the 2006
Act and are eligible for independent examination. I report in respect of my examination of the Charity's accounts
arried out under section 145 of the Charities Act 2011 {'the 2011 Acl'l. In carrying out my examination I have
followed the Directions given by the Charity Commission under section 14515}Ibl of the 2011 Act.
Independent Examiner's Statement
Since the Charitls gross income exceeded £250,000 your examiner musl be a member of a body listed in
section 145 of the 2011 Act. I confirm that l am qualified lo undertake the examination because l am a member
of Institute of Chartered Acwuntsnls in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no mallers have come lo my attention in connection with th8
examination giving me cause lo believe-
accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act., or
the accounts do not accord with those records., or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than
any requirement that the accounts give a 'lrue and fairf Mew which is not a matter considered as part of
an independent examination., or
the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charities applicable lo charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republ￿ of
Ireland IFRS 1021.
I have no concerns and have come across no other mallers in connection with the examination to which
attention should be drawn in this report in order lo enable a proper understanding of the accounts to be reached.
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BRUNSTAD CHRISTIAN CHURCH OIDCOT
IA company limited by 9uarantee}
INDEPENDENT EXAMINER'S REPORT {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities
IAccounts and Reports) Regulations 2008. My work has been undertaken so that I might stsle to the Charity's
Trustees those matters l am required lo stale lo them in an Independent examinerfs report and for no other
purpose. To the fullest exlenl permitted by law. I do not accept or assume responsibility lo anyone other than the
Charity and the Charitys Trustees as a body. for my work or for this report.
Signed..
Mr Alexander Peal
Dated..
Bsc IHons} FCA DChA
James Cowper Kreston
Charlered Accountants and Statutory Auditor
Reading Bridge House
George Street
Reading
Berkshire
RG1 8LS
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BRUNSTAD CHRISTIAN CHURCH OIDCOT
IA company limited by 9uarantee}
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 31 DECEMBER 2023
Restricted Unrestricted
funds
funds
2023
2023
Total
funds
2023
Total
funds
2022
Notg
Income from:
Donations and legacies
Other trading activities
Investments
Other income
448,968
104,147
42,833
740
448,968
104,147
42,833
740
318,310
91,864
42,902
63,235
Total income
596,688
596,688
516.311
Expenditure on:
Charitable activities
Other expenditure
614,161
15,182
614,161
15,182
595,388
9,781
Total expenditure
629,343
629,343
605,169
Net movement in funds
132,6551
{32,6551
188,8581
Reconciliation of funds..
Total funds brought forward
Nel movement in funds
740.707
453,506
132,6551
1,194,213
132,6551
1,283,071
188.8581
Total funds carried forward
740,707
420,851
1,161,558
1,194,213
The notes on pages 12 to 25 form part of these financial slalements.
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BRUNSTAD CHRISTIAN CHURCH OIDCOT
IA company limited by guarantee}
REGISTERED NUMBER: 06739587
BALANCE SHEET
AS AT 31 DECEMBER 2023
2023
2022
Not8
Fixed assgts
Tangible assets
Investments
12
13
91,395
772,284
136,098
839,278
863,679
975,376
Current assets
Debtors
Cash al bank and in hand
14
100,923
209,919
92,207
355,292
310.842
447,499
Creditors.. amounts falling due within one
year
15
{12,963}
150,2551
Net current assets
297,879
397,244
Total assets less current Ilabllltles
1,161.558
1,372,620
Creditors.. amounts falling due after more
than one year
16
1178,4071
Total net assets
1,161,558
1,194,213
Charity funds
Reslricled funds
17
740,707
420,851
740,707
453,506
Unrestricted funds
17
Total funds
1,161.558
1,194,213
The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company lo obtain an audit for the year in question in accordance with
section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect lo
accounting records and preparation of financial statements.
The financial statements have been prepared in accordance wf(h the provisions applicable to entities subject to
the small companies regime.
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BRUNSTAD CHRISTIAN CHURCH OIDCOT
IA company limited by guarantee}
REGISTERED NUMBER: 06739587
BALANCE SHEET ICONTINUED}
AS AT 31 DECEMBER 2023
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by..
Mr Paul Heaven
Trustee
Dale:
01 Jun8 2024
The notes on pages 12 to 25 form part of these financial statements.
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BRUNSTAD CHRISTIAN CHURCH OIDCOT
IA company limited by 9uarantee}
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
Cash flows from operating activities
Nel cash used irb operating activits'es
36,039
130,9171
Cash flows from investing activitles
Dividends. interests and rents from investments
Purchase of tangible fixed assets
42,833
114,019)
42,902
112.4141
Net cash provided by investing activities
28.814
30.488
Cash flows from financing activities
Repayments of borrowing
(210.2261
130,7411
Net cash used in financing activities
1210,2261
130,7411
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
1145,373>
355.292
131,1701
386,462
Cash and Cash equivalents at the end of the year
209,919
355,292
The notes on pages 12 to 25 form part of these financial slalements
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BRUNSTAD CHRISTIAN CHURCH OIDCOT
IA company limited by 9uarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policios
1.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 1021
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 leffeclive 1 January 20191, the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006.
Brunstad Christian Church Didcot meets the definition of 8 public benefit entity under FRS 102.
Assets and liabilities are initially recognised at historical cost or tr8ns8Ction value unless otherwise
slated in the relevant 8ccounling policy.
1.2 Company status
The company is a company limited by guarantee. The members of the company are the Trustees
named on page 1. In the event of the company being wound up, the liability in respect of the
guarantee is limited lo £10 per member of the company.
1.3 Fund accounting
General funds are unreslricled funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Charity and which have not been designated for other
purposes.
Designated fijnds comprise unreslricled funds that have been sel aside by the Trustees for p8rticu18r
purposes. The aim and use of each designated fund is set out in the notes lo the financial
sl8temenls.
Restricted funds are funds which are to be used in accordance with specific reslriclions imposed by
donors or which have been raised by the Charity for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set out in the notes lo the financial statements.
Investment ineome, gains and losses are allocated to the appropriate fund.
1.4 Income
All income is recognised once the Charity has entillemenl to the income, il is probable that the
income will be received and the amount of income receivable can be measured reliably.
For legAcies, entillemenl is taken as the earlier of the date on which either.. the Charity is aware that
probate has been granted. the estate has been finalised and nolificalion has been made by the
executorlsl lo the Charity that a dislribLJtion will be made, or when a distribution is received from the
estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be
measured reliably and the Charity has been notified of the executor's intention lo make a distribution.
Where legacies have been notified to the Charity, or the Charity is aware of the granting of probate,
and the criteria for income recognition have not been met, then the legacy is treated as a contingent
asset and disclosed if material.
Income lax recoverable in relation to donations received under Gift or deeds of covenant is
recognised at the time of the donation.
Income lax recoverable in relation to investment income is re¢ognised at the lime the investment
income is receivable.
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BRUNSTAD CHRISTIAN CHURCH OIDCOT
IA company limited by 9uarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policios l¢ontinu9dl
1.5 Expenditure
Expenditure is recognised once there is a legal or conslruclive obligation lo make payments to a third
party. it is probable that settlement will be required and the amount of the obligation can measured
reliably.
l expenditure is accounted for on an accruals basis. All expenses including support costs and
governance costs are allocated to the applicable expenditure headings.
Charitable activities and Governance costs are costs incurred on the companls educational
operations, including support costs and costs relating lo the governan￿ of the company apportioned
to charitable activities.
l expenditure is inclusive of irrecoverable VAT.
1.6 Tangible fixed assets and depreciation
Tangible fixed assets costing £1,000 or more are capitalised.
Tangible fixed assets are initially recognised al cost. After recognition. under the cost model, tangible
fixed assets are measured al cost less accumulated depreciation and any accumulated impairment
losses. All costs incurred lo bring a tangible fixed asset into its intended working condition should b8
included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their estimated useful lives, using the slraighl-line method.
Depreciation is provided on the following bases..
Land and buildings
Plant and machinery
Fixtures and fillings
Equipment
Other fixed assets
5,/0 slraighl line
33.10 slraighl line
33.10 slraighl line
33.10 slraighl line
10.10 & 33 /0 slraighl line
For the year ended 31 December 2023 there has been a change in depreciation rate for the Land
and buildings from 10 /0 slraighl line lo 5 /0 slraighl line lo better reflect the residual value of the asset.
The adjustment has been applied prospectively and apportioned accross the remaining useful life of
the asset.
1.7 Investments
Inveslmenis are a form of basic financial instrument and are initially recognised at their transaction
value and subsequently measured at fair value as al the balance sheet date, using the closing quoted
market price. Inveslmenl gains and losses, whether realised or unrealised, are combined and shown
in the heading 'Gainslllossesl on investments, in the Slalemenl of Financial Aclivits'es incorporating
income and expenditure accounl.
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BRUNSTAD CHRISTIAN CHURCH OIDCOT
IA company limited by 9uarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policios l¢ontinu9dl
1.8 Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates
of exchange ruling al the balance sheet dale.
Transactions in foreign currencies are translated into sterling al the rale ruling on the dale of the
transaction.
Exchange gains and losses are recognised in the Statement of Financial Activities incorporating
income and expenditure account.
1.9 Intorest rgcgivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the Charity.. this is normally upon notification of the interest paid or payable by the
institution with whom the funds are deposited.
1.10 Debtors
Trade and other debtors are recognised al the settlement amount after any trade discount offered.
Prepayments are valued al the amount prepaid nel of any trade discounts due.
1.11 Cash at bank and in hand
Cash at bank and in hand includes cash and short-lerm highly liquid investments with a short maturity
of three months or less from the date of acquisition or opening of the deposit or similar account.
1.12 Liabilities and provisions
Liabilit￿eS are recognised when there is an obligation al the Balance sheet dale as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement. and Ihe amount
of the selllemenl can be estimated reliably.
Liabilities are recognised at the amount that the Charity anlicipales it will pay lo sellle the debt or the
amount il has received as advanced payments for the goods or services il must provide.
1.13 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured al their selllemenl value with the eX￿pIlOn of bank loans which are subsequently
measured al amortised cost using Ihe effective inleresl method.
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BRUNSTAD CHRISTIAN CHURCH OIDCOT
IA company limited by 9uarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Critical accounting gstimates and areas of judgmont
The preparation of the financial statements requires management to make judgements. estimates and
assumptions that affect the amounts reported for assets and liabilities as al the balance sheet dale and
the amounts reported for revenues and expenses during the year. However, the nature of eslim8lion
means that actual outcomes could differ from those eslimales. The following judgements (apart from
those involving eslimalesl have had the most significant effect on amounts recognised in the financial
slalements.
Critical accounting estimates and assumptions..
Tangible fixed assets (see note 11 }
Tangible fixed assets are depreciated over their useful lives taking into account residual values, where
appropriate. The actual lives of the assets and residual values are assessed annually and may vary
depending on a number of factors. Residual value assessments consider issues such as the remaining
life of the asset and projected disposal values.
Income from donations andlggacies
Unrestricled
funds
2023
Total
funds
2023
Total
funds
2022
Donations including gift aid
TCD Business
384,579
64,389
384.579
64.389
264,486
53,824
448.968
448,968
318.310
Totsl 2022
318,310
318,310
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BRUNSTAD CHRISTIAN CHURCH OIDCOT
IA company limited by 9uarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Income from other trading activities
Income from fundraising events
Unrestricted
funds
2023
Total
funds
2023
Total
funds
2022
Short term rentsl income
Local events and activikn'es
Christian resources
6,270
96,491
1,386
6.270
96,491
1,386
6,735
82,339
2,790
104,147
104.147
91,864
Total 2022
91,864
91,864
Investment income
Unrestricled
funds
2023
Total
funds
2023
Total
funds
2022
Investment income
Bank interest
37,977
4,856
37.977
4,856
42,230
672
42,833
42,833
42,902
Total 2022
42,902
42,902
Other incoming resources
Unrestricted
funds
2023
Total
funds
2023
Total
funds
2022
Other initiab'ves
740
740
63,235
Total 2022
63,235
63,235
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BRUNSTAD CHRISTIAN CHURCH OIDCOT
IA company limited by 9uarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Analysis of expenditure on charitable activitlgs
Summary by fund type
Unrestricted
funds
2023
As restated
Total
2022
Total
2023
Direct costs
Governance costs
610,222
3,939
610.222
3,939
589,470
5,918
614,161
614,161
595,388
Total 2022 as reslaled
595,388
595,388
Othgr expenditure
Unrestricted
funds
2023
Total
funds
2023
Total
fLJnds
2022
Mortgage interest
15,182
15,182
9,781
Total 2022
9,781
9,781
Analysis of expenditure by activitie5
Activities
undertaken
directly
2023
Support
costs
Total
funds
2023
Total
funds
2022
2023
Direct Costs
Governance costs
610,222
610,222
3.939
589,470
5,918
3,939
610,222
3,939
614,161
595,388
Totsl 2022
589,470
5,918
595,388
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BRUNSTAD CHRISTIAN CHURCH OIDCOT
IA company limited by 9uarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Analysis of expenditure by activities (continued)
Analysis of direct costs
Total
funds
2023
Total
funds
2022
Activities
2023
Meetings and Events
Donation to BCC Federation
Cost of literature
Missionary fund donations
Premises costs
255,574
37,791
255.574
37,791
214,320
2,532
140,003
88,015
536
2,402
3,038
11531
138,777
107,552
76,074
73,846
1,106
3,108
13,5511
58,722
107,552
76.074
73,846
1,106
3.108
(3.551}
58,722
Bank charges and fO￿Ign exchange differences
Computer and internet expenses
Postage, slalionery and telephone
Other
Depreciation of equipment & property
610,222
610,222
589,470
Total 2022
589,470
589,470
Analysis of support costs
Total
funds
2023
Total
funds
2022
Activities
2023
Travel costs
Subscriptions
Independent examinerfs fees
397
182
397
182
2,198
350
3.370
3.360
3,360
3,939
3.939
5,918
Totsl 2022
5,918
5,918
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BRUNSTAD CHRISTIAN CHURCH OIDCOT
IA company limited by 9uarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
10.
Independent examinerfs remuneration
2023
2022
Fees payable lo the Charills independent examiner for the independent
examination of the Charity's annual accounts
Fees payable lo the Charitls independent examiner in respect of..
Preparation of the Company's annual accounts
1,170
1,140
2.190
2,130
11.
Trustees. remuneratlon and expenses
During the year, no Trustees received any remuneration or other benefils12022 - £NILI.
During the year ended 310ecember 2023, no Trustee expenses have been incurred12022 - £NILI.
12. Tanglble flxed assets
Freehold
property
Plant and
machinery
Office
gquipmont
Other fixed
assets
Total
Cost or valuation
At 1 January 2023
Additions
Disposals
825,720
58,706
6,361
58.244
7.658
(2.7781
321.962
1,264,632
14,019
12,7781
At 31 December 2023
825,720
65,067
63,124
321,962
1,275,873
Dèpreciation
At 1 January 2023
Charge for the year
On disFN)sals
784,398
3.999
38,682
12,189
41.233
12.797
(2.7781
264.221
29.737
1,128,534
58,722
12,7781
At 31 December 2023
788,397
50,871
51,252
293.958
1,184.478
Nèt book value
At 31 December 2023
37,323
14,196
11.872
28.004
91,395
At 31 December 2022
41.322
20,024
17,011
57,741
136.098
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BRUNSTAD CHRISTIAN CHURCH OIDCOT
IA company limited by 9uarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
13.
Fixed assgt investmgnts
Investments
in
subsidiary
Unlisted
Companies investments
Total
Cost or valuation
Al 1 January 2023
Revaluations
839.272
166,9941
839,278
166,9941
At 31 December 2023
772.278
772,284
Prlnclpal subsldlarles
The following were subsidiary undertakings of the Charity..
Names
Company
number
Holdlng
TCD Business Limited
Oxfordshire Enterprises Limited
GH Travel Limited
06451996
07360963
09410676
The financial results of the subsldiar￿S for the year were..
Names
Aggregate
of share
capital and
reserves
TCD Business Limited
Oxfordshire Enterprises Limited
GH Travel Limited
All three subsldiar￿S had a profil and loss balance of £nil in the year wlh GH Travel Limited and
Oxfordshire Enterprises Limited being dormant in the year.
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BRUNSTAD CHRISTIAN CHURCH OIDCOT
IA company limited by 9uarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
14. Debtors
2023
2022
Trade debtors
8,368
4.515
88,040
1,315
6,824
84,068
Amounts owed by group undertakings
Prepayments and accrued income
100,923
92,207
Creditors: Amounts falling duo within on8 year
2023
2022
Bank loans
31,819
7,380
Trade creditors
5,821
Amounts owed lo group undertakings
Other creditors
Accruals and deferred income
1,090
6,050
1,090
9,964
12,963
50,255
16.
Creditors- Amounts falling due after more than one year
2023
2022
Bank loans
178,407
The aggregate amo¢Jnt of liabilities payable or repayable wholly or in part more than five years after the
reporting dale is..
2023
2022
Repayable by inslalments
19,312
19,312
The loan was for a mortgage secured over the property purchased during the 2013. Th8 loan was fully
repaid during the year.
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BRUNSTAD CHRISTIAN CHURCH OIDCOT
IA company limited by 9uarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
17. Statgmgnt of funds
Statgmgnt of funds - current year
Balancg at
31
Decgmbgr
2023
Balance at 1
January
2023
Income Expenditure
Unrestricted funds
Designaled funds
Designated Funds - all funds
401,273
1104,7851
296,488
General funds
General Funds - all funds
52,233
596.688
(524,558}
124,363
Total Unrestricted funds
453,506
596,688
1629,343}
420,851
Restricted funds
Reslricled Funds- all funds
740,707
740.707
Total of funds
1,194,213
596,688
1629,343> 1,161,558
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BRUNSTAD CHRISTIAN CHURCH OIDCOT
IA company limited by 9uarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
17. Statgmgnt of funds Icontinuedl
Statgmgnt of funds - prioi yeai
Balance al
31
December
2022
Balance at
1 January
2022
Income Expenditure
Unrestricted funds
Designaled funds
Designated Funds - all funds
401,273
401,273
General funds
General Funds - all funds
141,091
516,311
1605,1691
52,233
Total Unrestricted funds
542,364
516,311
1605,1691
453.506
Restrided funds
Reslricled Funds- all funds
740,707
740,707
Total of funds
1,283,071
516,311
1605,1691
1,194,213
The reslricled fund is restricted lo the development of the freehold property. A major development al the
main premises, Garden House, is currently expected lo start in 2028.
18. Analysis of net assets between funds
Analysis of net assets between funds - current year
Restricted Unrestricted
funds
funds
2023
2023
Total
funds
2023
Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
91,395
31,577
310,842
112,9631
91,395
772,284
310,842
112,9631
740,707
Total
740,707
420,851
1,161,558
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BRUNSTAD CHRISTIAN CHURCH OIDCOT
IA company limited by 9uarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
18. Analysis of net assets between funds {continugdl
Analysis of net assets between funds - prior year
Restricted Unreslricled
funds
funds
2022
2022
Total
funds
2022
Tangible fixed assets
Fixed asset investments
Cutrenl assets
Creditors due within one year
Creditors due in more than one year
136,098
98,571
447,499
150,2551
1178,407)
136,098
839,278
447,499
150,2551
1178,4071
740,707
Total
740,707
453,506
1,194,213
19.
Reconciliation of net movement in funds to net cash flow from operating activities
2023
2022
Nel expenditure for the year las per Statement of Financial Activities)
132.655)
188,8581
Adjustments for:
Depreciation charges
Revaluation of investments
Dividends, interests and rents from investments
Increase in debtors
58.722
66.994
142.833}
18,7161
(5,473}
138,777
142,9021
113,2711
124,6631
Decrease in creditors
Net cash provided byllused inl operating activities
36.039
130,9171
Analysis of cash and cash equivalents
2023
2022
Cash in hand
209.919
355,292
Total cash and cash equivalents
209,919
355,292
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BRUNSTAD CHRISTIAN CHURCH OIDCOT
IA company limited by 9uarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
21. Analysis of changes in net debt
At1
January
2023 Cash flows
At31
December
2023
Cash al bank and in hand
355,292
131,8191
1178.4071
1145,373}
31,819
178.407
209,919
Debt due within 1 year
Debt due after 1 year
145,066
64,853
209,919
Related party transactions
In common with many Church organisalions, trustees make a significant financial contribution lo the
charity. These donations are made as part of normal giving by Church members and it would not be
practical lo quantify the amount donated.
Brunstsd Christian Church Didcot18CCDI has a wholly owned trading subsidiary TCD Business Limited
which made donations of £64,389 12022.. £53,824) lo the charitable company in the CLJrrent accounting
period. At the year end BCCD was owed £4,51512022: £6,824} by TCD Business Limited.
BCCD has a wholly owned trading subsidiary Oxfordshire Enterprises Limited. Al the year end BCCD was
owed £212022.. £21.
Controlling party
The ultimate controlling paty is the Board of Trustees as detsiled on page 1 of the financial stslemenls.
Page 25