2023-08-31-accounts - Brighton Road Baptist Church, Horsham

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Financial Review
	Genera I	Organisations	Church	Total	2022 Tota I
	Fund		Building (net)
Income Resources expended * Net movement Capita lisation Pension scheme	f260,154 f285,398 -f25,244 f56,805 fO	f11,793 f12,162 -f369 fO fO	f0 f0 f0 -f56,805 fO	f271,947 f297,560 -f25,613 fO fO	f251,875 f291,496 -f39,621 fO f20,765
adjustment
Total movement Brought forward Carried forward	f31,561 f1,025,362 f1,056,923	-f369 f20,117 f19,748	-f56,805 f2,054,990 f1,998,185	-f25,613 f3,100,469 f3,074,856	-f18,856 f3,119,325 f3,100,496
*Resources expended
made up of Mission Ministry Establishment	f46,136 f131,123 f108,139	f12,162 fO fO	fO fO fO	f58,298 f131,123 f108,139	f62,053 f119,817 f109,625
Governance	fO	fO	fO	fo	fO

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	Notes						2023	2022
Incoming Resources		Unrestricted	Designated f	Restricted	Endowed f	E	Total	Tota I f
Donations and legacies		250,921	6,899	11,793		269,614		251,509
investment Income		2,334	0	0			2,334	366
							0	0
Total Incoming Resources		253,255	6,899	11,793	0	271,947		251,875
Resources Expended
Cost ofgenerating Funds			0	0
Charitable Activity:
Mission		1,620	44,516	12,162			58,298	62,053
Ministry		131,123	0	0		131,123		119,817
Administration/Support		108,139	0	0		108,139		109,625
Governance		0	0	0			0	0
Total Resources Expended	8	240,882	44,516	12,162	0	297,561		291,496
Net Movement in Funds		12,373	-37,617	-369	0		-25,613	-39,621
Transfers between Funds
Missionary Causes		-52,187	52,187
Other recognised gains/(losses) Depreciation of Building 11		56,805			-56,805		0	0
Actuarial gains	17/19	0					0	20,765
BU pension scheme
		16,990	14,570	-369	-56,805		-25,613	-18,856
Reconciliation ofFunds
Total Funds brought forward	18	1,018,155	7,207	20,117	2,054,990	3,100,469		3,119,324
Total Funds carried forward	18	1 035 146	21,777	19,748	1,998,185	3	074856	3100469

			Balance Sheet at		31Aug 2023
			Unrestricted	Designated	Restricted	Endowed	Totals	2022
		Notes
Tangible Fixed Assets
General Fund			1,049,983				1,049,983	1,048,914
Building and Contents	(net)					1,998,185	1,998,185	2,054,990
Investments
One year Bond with BU		12	70,166				70,166	68,305
Current Assets
Debtors		13	17,961				17,961	0
Cash, Bank		14	17,896	21,777	19,748		59,421	57,614
			1,156,007	21,777	19,748	1,998,185	3,195,717	3,229,823
Current Liabilities
Creditors due within	one yea	15	-15,240				-15,240	-13,860
Net Assets excluding	current		1,140,767	21,777	19,748	1,998,185	3,180,477	3,215,963
liability
Creditors due after one year		16	-105,622				-105,622	-115,495
Total net assets or liabilities			1035 146	21777	19748	1998185	3074856	3,100,469
Represented by:		18
Endowed Funds						1,998,185	1,998,185	2,054,990
Restricted Funds					19,748		19,748	20,117
Designated Funds				21,777			21,777	7,207
Unrestricted Funds			1,035,146				1,035,146	1,018,155
			1,035,146	21,777	19,748	1998,185	3,074 856	3,100,469

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2	Voluntary Income	Voluntary Income	Voluntary Income							2023	2022
					Notes	Unrestricted	Designated	Restricted	Endowment	Total	Tota I
	Weekly/Monthly			Offerings		144,558				144+58	142,326
	Donations				9	11,071				11,071	2,209
	Tax refund					29,783				29,783	31,240
	Other income					22,666				22,666	17,318
	Hall Hire					42,844				42,844	42,771
	Church Organisations					0	6,899	11,793		18,692	15,646
						250,921	6,899	11,793	0	269,614	251,509
3	Investment	Income
						Unrestricted	Designated	Restricted	Endowment	Total	Total
	Bank Interest					2,334		0	0	2,334	366
	Other income									0	0
						2,334			0	2@34	366
	Expenditure	on Charitable			Activities
						Unrestricted	Designated	Restricted	Endowment	Total	Tota I
4	Mission
	Gifts, as in	Note			9		44,516			44,516	43,839
	Gifts to church organisations					1,620				1,620	3,300
	Costs of church organisations							12,162		12,162	14,914
						1,620	44,516	12,162	0	58398	62,053
S	Ministry
	Salaries				10	124,458				124,458	115,062
	Travel and car costs					1,015				1,015	676
	Training					757				757	250
	Other costs					4,894				4,894	3,829
						131,123			0	131,123	119,817
6	Administration/Support
	Gas and electricity					12,868				12,868	10,941
	Insurance					6,171				6,171	6,030
	Office, telephones,			stationery		3,472				3,472	3,440
	Cleaners					2,831				2,831	2,482
	Depreciation		on Assets			57,072				57,072	57,849
	Maintenance		of buildings			8,681				8,681	14,943
	Council tax	and water rates				5,408				5,408	5,845
	Interest on	B	U Loan			5,623				5,623	3,246
	Development		&Sundry			6,013				6,013	4,849
						108139			0	108,139	109,625
7	Governance
	Independent		Examination
8	Total Resources Expended					Charitable		Support
						Activities		Costs
	Mission					58,298				58,298	62,053
	Ministry					131,123				131123	119,817
	Administration/Support					108,139				108,139	109,625
						297,561			0	297+61	291,496

Missionary a	nd	other causes (Designa	ted)
				Transfers
Name			Bal b/f	Gen. Fund	Other	Payments	Bal c/f
			1Sept 22	Including	Donations	made	31Aug 2023
				Gift Aid Dons
BMS			60	15,960	1,187	16,060	1,147
Home Mission		Fund	0	13,440	0	13,440	0
World Mission			406	8,280	1,818	8,173	2,330
Relationship	with Community		3,011	-2,349	2,487	3,149	0
Relationship	with God		1,666	-1,294	0	372	0
Children Youth		and Families	0	11,000	0	0	11,000
Relationship	with each other		2,065	7,151	1,407	3,322	7,300
			7,207	52,187	6,899	44,516	21,777

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1	Tangible Fixed Assets
						Church	77 Heron	9The Fixtures	&	Total	Tota I
						Building f	Way E	Hornets Fittings F.		2023 E	2022 f
Cost/ valuation, b/fwd						2,840,242	525,000	523,913 98,698		3,987,853	3,987,853
Additions / adjustments						0	0	1,337		1337	0
Disposals										0	0
As at 31August 2023						2,840,242	525,000	523,913 100,035		3,989,190	3,987,853
Depreciation, b/fwd						785,252		0 98,697		883,950	826,101
Charge for the year Disposals						56,805		267		57,072 0	57,849 0
As at 31August 2023						842,057		0 98,965		941,022	883,950
	Net Book Value:
As at 31August 2023					Note 1f	1,998,185	525,000	523,913 1,070		3,048,168	3,103,903
As at 31August 2022						2,054,990	525,000	523,913	0	3,103,904
12	Investments
	Bond with BU							70,166			68,305
13	Debtors
	HMRC							17,961
								17,961
14	Cash and Bank
	HSBC Deposit							25,620			10,325
	HSBC Current							8,061			20,932
	CAF Gold account							4,583			4,831
	Cambridge and Counties			Bank				1,409			1,409
	Church Organisations							19,833			20,117
								59,506			57,614
15	Creditors: Amounts	falling			due within	1year
	Creditors —salary control							0			0
	Manse Interest free	loans						6,000			6,000
	BU Loan for purchase of Manse							9,240			7,860
	Creditors PAYE/Nl							0			0
								15,240			13,860
16	Creditors: Amounts	falling			due after more than 1year
	Manse Interest free	loans						29,583			35,583
	BU Loan for purchase of Manse							76,039			79,911
								105,622			115,494
17	BU Pension Deficit
	Balance b/f from previous				year						25,268
	Deficiency contributions			paid by BRBC							-4,503
	Interest and Actuarial		amendments								-20,765
	Balance at 31August	2023

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The	key financial assumptions	key financial assumptions	underlying
Type	ofassumption			Xp.a.
	RPI price inflation assumption			3.20
	CPI price inflation assumption			2.70
	Minimum Pensionable		Income increases	3.20
	Assumed investment	returns
	Pre-retirement			2.95
	Post retirement			1.70
	Deferred pension increases
	Pre-April 2009			3.20
	Post-April 2009			2.50
	Pension increases

Movement in Balance Sheet	liability
Section 28.11Aof FRS 102requires agreed deficit recovery payments			to be recognised	as a liability.	The movement	in
the provision is set out in the	table below.
				2022	2021
				E	E
Balance sheet liability at year	start		25,268		42,810
Minus deficiency contributions	paid		-4,503		-4,040
Interest cost (recognised in SoFA)				0	449
Remaining change to balance	sheet liability* (recognised	in SoFA)	-20 765		~13951
Balance sheet liability at year	end			0	~25 268

This liability represents	This liability represents	present value ofthe deficit contributions agreed asat the accounting	present value ofthe deficit contributions agreed asat the accounting	date and has been
valued	using the following	assumptions	set by reference to the duration ofthe deficit recovery payments:
			31/08/2022 31/08/2021	31/08/2020
			4.9096 0.9096	1.1096
			4.8096 3.60'Yo	3.1096

			IMAGE	PMA	WEF		Football dub	Sound	Art	Wnch
							Consolidated	Waves	Group	Club		Totals
							D Rose
Treasurer			M Brown	C Tall	R Carey		A Rafferty	I Rose	R Hardwlck	V Hardwlck
Examiner			8Stevens	W Fynn	W Fynn		BStevens	8 Stevens	W Fynn	W Fynn
Receipts
Fees and Subs							7,208		412			7,620
Donations/fund	raising			1,823		85				1	231	3139
Church and other		Grants					600					600
Sundry							434					434
Total Receipts			0	1,823		85	8,242	0	412	1,231		11,793
Payments
Fees and Hire							7,298					7,298
Food/Refreshments				154					56			1,059
Training/Equipment Awards/Donations				1,194		85	654 361		200			654 1,840
Post, Stationery Camps and Outings Sundry				259		42 10	156 803		2		39	158 42 1,111
Total Payments			0	1,607		142	9,272	0	258		883	12,162
Surplus/(deficit)			0	216		-57	-1,030	0	154		348	-369
forthe year
Balance Brought		Fwd	3,321	2,757		560	10,067	1,305			423	20 117
from previous	year
Balance Carried	Fwd		3,321	2,973		503	9,037	1,305	1,838		771	19,748
to next year