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|FOR THE YEAR ENDED 5APRIL 2023|FOR THE YEAR ENDED 5APRIL 2023||||||||
|---|---|---|---|---|---|---|---|---|
||||Unrestricted||funds|Restricted|Total|Total|
||||General|Designated||funds|Funds|Funds|
||||||||2023|2022|
||||K||6|6|8|E|
|||Note|||||||
|Income|||||||||
|Donations and legacies|||||||||
|Regular Giving|||95,634||||95,634|126,302|
|Tax refunds|||23,510||||23,510|32,039|
|Restricted giving||g||||2,166|2,166|16,482|
|Other gNs and donations|||4,275||||4,275|2,135|
|Other Income||2|233||||233|612|
|Other trading
activities|||||||||
|Use ofpremises|||94,567||||94,567|64,512|
|Interest received|||204||||204|22|
|Total income|||218,423|||2,166|220,589|242,104|
|Expenditure|||||||||
|Charitable
activities|||||||||
|Direct costs||3|116,972|||1,342|118,314|97,419|
|Reduction in pension
liability||10|(23,620)||||(23,620)|(966)|
|Premises and Support Costs||4|64,136||||64,136|56,864|
|Total expenditure|||157,488|||1,342|158,830|153,317|
|Net income I(expenditure)|||60,935|||824|61.759|88,787|
|Transfers between|funds||(4,157)||4,157||||
|Net movement
in|funds||56,778||4,157|824|61,759|88,787|
|Reconciliation of|funds||||||||
|Funds brought
forward at 5April 2022||9|51,903||1,405,222|12,564|1,469,689|1,380,902|
|Funds carried forward at 5April 2023||g|108,681||1,409,379|13,388|1,531,448|146g 68g|
|FOR THE YEAR ENDED 5April 2022||||||||
|---|---|---|---|---|---|---|---|
|||Unrestricted||funds|Restricted|Total|Total|
|||General|Designated||funds|Funds|Funds|
|||f||f|f|2022
f|202f|
||Nota|||||||
|Income||||||||
|Donations and legacies||||||||
|Regular Giving||126,302||||126,302|109,139|
|Tax refunds||32,039||||32,039|34,454|
|Restricted giving|9||||16,482|16,482|1,862|
|Other gilts and donations||2,135||||2,135|234|
|Other Income|2|612||||612|5,394|
|Other trading activities||||||||
|Use ofpremises||||||64,512|35,595|
|Interest received|||||||43|
|Total income||225,622|||16,482|242,104|186,741|
|Expenditure||||||||
|Charitable
activities|3|97,419||||97,419|119,846|
|Direct costs|10|(966)||||(966)|(15,635)|
|Reduction in pension
liability|4|51,532|||5,332|56,864|36,94?|
|Premises and Support Costs||||||||
|Total expenditure||147,985|||5,332|153,317|141,158|
|Net income I(expenditure)||77,637|||11,150|88,787|45,583|
|Transfers between
funds||(16,911)||31,667|(14,756)|||
|Net movement
in funds||60,726||31,667|(3,606)|88,787|45,583|
|Reconciliation
offunds||||||||
|Funds brought
forward at 5April 2021|9|8,823|1,373,555||16,170|1,380,902|1,335,319|
|Funds carried forward at 5April 2022|9|51,903|1,405,222||12,564|1,469,689|1,380,902|
|AS AT 5April 2023|||||
|---|---|---|---|---|
||||2023|2022|
|||Note|||
|FIXEDASSETS|||||
|Tangible fixed assets|||1,601,000|1,604,000|
|CURRENT ASSETS|||||
|Debtors|||30,740|22,166|
|Cash at bank|||99,279|86,952|
|LBPBDeposit|||15,525|15,322|
||||145,544|124,440|
|CREDITORS|||||
|Amounts
failing due within|one year|7|(23,475)|(25,663)|
|NET CURRENT ASSETS|||122,069|98,777|
|TOTAL ASSETSLESSCURRENT|||||
|LIABILITIES|||1,723,069|1,702,777|
|PROVISIONS||10||(24,800)|
|CREDITORS: AMOUNTS|FALLING DUE AFTER ONE||||
|YEAR|||||
|LBPBloans||8|191621|~208288|
|NETASSETS|||1,531,448|1,469,689|
|FUNDS|||||
|Unrestricted|||108,681|51,903|
|Unrestricted
Designated|||1,409,379|1,405,222|
|Restricted|||13,388|12,564|
|TOTAL CHARITY FUNDS|||1,531,448|1,469,689|
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||||Unrestricted|Designated|Restricted|Total||Total|
|---|---|---|---|---|---|---|---|---|
||||funds|funds|funds|2023||2022|
||||6|6|6|6|||
|CJRS|HMRC|Grant|||||||
|Other|Income||233||||233|612|
||||233||||233|612|
##
|Direct cos|ts||||||
|---|---|---|---|---|---|---|
|||Unrestricted|Designated|Restricted|Total|Total|
|||funds|funds|funds|2023|2022|
|||8|6||6|6|
|Discipleship||819|||819|759|
|Ministry expenses||90,476|||90,476|78,141|
|Worship||1,540|||1,540|990|
|Fellowship|and ministry|5,487|||5,487|1,939|
|Missions and ministries||18,650||1,342|19,992|15,590|
|Total direct|costs|116,972||1,342|118,314|97,419|
##
|Staffcosts|||||||
|---|---|---|---|---|---|---|
||||||Total|Total|
||||||2023|2022|
||||||6|6|
|Salaries and social security|||||76,582|68,074|
|Pension costs|||||8,603|7,253|
||||||85,185|75,327|
||||||2023|2022|
|Number ofemployees|||||4|4|
||||||2023|2022|
||||||8|6|
|Key Management|Personnel|remuneration|induding|social security and|||
|pension costs|||||||
##
|||||Unrestricted|Designated|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|---|
|||||funds|Funds|funds|2023|2022|
|||||6|6|6|6|6|
|AV equipment|||||||||
|Bank charges||||129|||129|73|
|Church and manse||insurance||3,642|||3,642|3,295|
|Church repairs|and|maintenance||17,523|||17,523|22,026|
|Church
utilities||||12,187|||12,187|10,087|
|Cleaning||||4,818|||4,818|246|
|Independent
Examination
Fees||||2,079|||2,079|1,890|
|IT-computers|and|hardware||1,458|||1,458|1,390|
|IT —support,
backup||and software||1,338|||1,338|740|
|Manse repairs|and|maintenance||5,570|||5,570|2,560|
|Manse utilities||||2,636|||2,636|5,305|
|Office equipment||||118|||118|127|
|Printing,
stationery||and|equipment|4,227|||4,227|2,526|
|Professional
services||||2,217|||2,217|2,312|
|Telephones,
including|||manse|3,194|||3,194|3,287|
|Depreciation||||3,000|||3,000|1,000|
|Total premises|and|support costs|||||64,136||
|Tangible fixed|assets||||||||
|||||Church
Manse:||Manse:|Garden|Total|
|||||and halls
1|Links|254|development||
|||||Avenue||Hillcross|||
|||||||Avenue|||
|Cost|||||||||
|At6 April 2022||||500,000|585,000|505,000|15,000|1,605,000|
|AddMons|||||||||
|At5 April 2023||||500,000|585,000|505,000|15,000|1,605,000|
|Depreciation|||||||||
|At 6April 2022|||||||1,000|1,000|
|Charge forthe|year||||||3,000|3,000|
|At5April 2023|||||||4,000|4,000|
|Net Book Value|at 5April 2023|||500,000|585,000|505,000|11,000|1,601,000|
|Net Book Value|at 5April 2022|||500,000|585,000|505,000|14,000|1,604,000|
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|6|Debtors|||||
|---|---|---|---|---|---|
|||||2023||
||Tax recoverable|||8,104|9,899|
||Prepayments|and accrued income||22,636|12,267|
|||||30,740|22,166|
|7|Creditors: liabilities falling due within one year|||||
|||||2023|2022|
||||||8|
||LBPBLoan|||16,667|16,667|
||Accruals and|deferred|income|6,808|8,996|
|||||23,475|25,663|
|8|Creditors: liabilities falling due afier one year|||||
|||||2023|2022|
|||||6||
||LBPBLoan:|repayment|due within:|||
||1to 2years|||16,667|16,667|
||2to 5years|||50,000|50,000|
||More than 5|years||124,954|141,621|
|||||191,621|208,288|
##
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|2023|||Balance at|Balance at|Movement|Movement|in resources|Balance at|Balance at|Balance at|
|---|---|---|---|---|---|---|---|---|---|---|
||||6April 2022
6||Income
6|Expenditurefrfr
f||5April
6||2023|
|Education
Fund||||746||||||746|
|Mission Targeted||||1,307||||||1,307|
|Stair Lift||||111||||||111|
|Zim Kids|||||||||||
|Ivy Huxter Memorial|Bible|||2,182||||||2,182|
|Leisure Day - Minibus||Fund||1,507||||||1,507|
|Leisure Day
Soul Survivor||||2,845
1,538|||(66)|||2,779
1,538|
|Grace Room Blinds||||81||||||81|
|Bequest (purpose to||be agreed)||2,000||||||2,000|
|Spurgeon's
College||||247||||||247|
|Prayer room|||||||||||
|Garden project|||||2,166||(1,276)|||890|
|Church kitchen equipment|||||||||||
|||||12,564|2,166||(1,342)|13,388|||
|Movements
in restricted funds|||||||||||
|2022|||Balance at||Movement||in resources|Balance||at|
||||6April 2021
f||Income
8|Expenditure/Tfr
6||5April
6|2022||
|Education
Fund||||721|25|||||746|
|Mission Targeted||||1,307||||||1,307|
|Stair Lift||||111||||||111|
|Zim Kids||||18|||(18)||||
|Ivy Huxter Memorial|Bible|||2,182|||||2,182||
|Leisure Day - Minibus||Fund||1,507|||||1,507||
|Leisure Day||||2,845|||||2,845||
|Soul Survivor
Grace Room Blinds||||1,538
81|||||1,538
81||
|Bequest (purpose to|be agreed)|||2,000|||||2,000||
|Spurgeon's
College||||247||||||247|
|Prayer room|||||||||||
|Garden project||||3,613|13,957||(17,570)||||
|Church
Kitchen Equipment|||||2500||2,500||||
||||16,170||16,482||(20,088)|12,564|||
##
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|Analysis ofnet assets between|funds||||
|---|---|---|---|---|
|2023|Unrestricted|Designated|Restricted|Total|
||funds|funds|funds|2023|
|||6||6|
|Fund Balances are represented|by||||
|Tangible Fixed Assets||1,601,000||1,601,000|
|Net current assets|108,681|-|13,388|122,069|
|Provisions|||||
|Long term liabilities||(191,621)||(191,621)|
|Fund Values|108,681|1,409,379|13,388|1,531,448|
|Analysis ofnet assets between funds|||||
|2022|Unrestricted|Designated|Restricted|Total|
||funds|funds|funds|2022|
||F|8|6|6|
|Fund Balances are represented|by||||
|Tangible Fixed Assets||1,604,000||1,604,000|
|Net current assets|76,703|9,510|12,564|98,777|
|Provisions|(24,800)|||(24,800)|
|Long term liabilities||(208,288)||(208,288)|
|Fund Values|51,903|1,405,222|12,564|1,469,689|
##
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##
##
|he valuation
ote
a past service funding
level of94%). The Church and the other employer
sponsible
for funding
this deficit.
he key assumptions
underlying
the valuation
were as follows:|s
suppo|
|---|---|
|Type ofassumption|N pa|
|RPI price inflation assumption
RPI price infiation assumption
CPI price inflation assumption
Minimum
Pensionable
Income Increase Adjustment
(above CPI)
Pre-retirement
assumed
investment
returns
(gilt yield plus 1.75%pa)
Post retirement
assumed
investment
returns
(induding
benefits matched|3.20
3.20
2.70
0.50
2.95
1.70|
|by the insurance
policy) (gilt yield plus 0.5%pa)
Minimum
Pensionable
Income increases (CPI plus 0.5%)|3.20|
|Deferred pension increases (based on RPI)
Pre April 2009
Post April 2009|3.20
2.50|
|Pension increases
Based on CPI with an annual
floor of0%and annual cap of5%|2.70|
##
##
##
|vemen
ction 28.11A ofFRS 102requires
agreed deficit recovery pa
he provision
isset out in the table below.|yments
to beyecognised as a li|ability.
The move|
|---|---|---|
||2023|2022|
|Liability brought forward
Deficiency contributions
paid in year
Interest cost
Remaining
change to balance sheet liability *
Liability at year end|24,800
(1,900)
720
~23,62D|30,400
(5,147)
513
~966
24,6DD|
##
|The total futu|re minimum
lease payments
under operating
leases|at 5April 2023were payable as s||
|---|---|---|---|
|||2023
f|2022
f|
|||406|1,805|
|Within one year||||
||||406|
|Within two to five|years|||
|Over 5years||406|2,211|
|The operating lease charges for the year were:
Hire ofcomputer
equipment||1,805|2,211|