##
##
##
##
##
##
|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|
##
##
||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|
##
|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||||||||||
##
##
##
|The|key financial assumptions|key financial assumptions|underlying|the valuation|were as follows||
|---|---|---|---|---|---|---|
|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|the|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|||||||||||||
##
##