| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 to | 5 | |
| Independent Examiner's |
Report | ||
| Statement ofFinancial Activities | |||
| Balance Sheet | |||
| Notes to the Financial Statements | 9 to | 19 |
| forthe | Year Ended 31Decemb | er 20 | 22 | ||||
|---|---|---|---|---|---|---|---|
| REFERENCE | AND ADMINISTRATIVE | DETAILS | |||||
| Registered | charity | name | Redhill Baptist Church | ||||
| Charity registration | number | 1130968 | |||||
| Principal office | Hatchlands Road |
||||||
| Redhill | |||||||
| Surrey | |||||||
| RH1 6AE | |||||||
| The trustees | G McBain —resigned |
31/12/22 | |||||
| E Irving —resigned 17/09/23 |
|||||||
| C McNish - resigned | 30/06/23 | ||||||
| I Buck - resigned 31/08/23 | |||||||
| CTewkesbury - appointed | 06/11/22 | ||||||
| TStuart —appointed |
26/03/23 | ||||||
| R Davies —appointed |
06/11/22 | ||||||
| N Joubert - appointed | 06/11/22, resigned 02/06/23 | ||||||
| Independent | examiner | A J Bennewith FCA, FCPA, |
FFA, FFTA, FIPA, DChA, FRSA | ||||
| 3Wey Court | |||||||
| Mary Road | |||||||
| Guildford | |||||||
| GU1 4QU |
| fort | he Year End | ed 31D cember | 2022 | |||
|---|---|---|---|---|---|---|
| 31.12.22 | 31.12.21 | |||||
| Unrestricted | Restricted | Tota I |
Total | |||
| funds | funds | funds | funds | |||
| Notes | E | E | 6 | 6 | ||
| INCOME AND ENDOWMENTS | FROM | |||||
| Donations and legacies |
261,455 | 6,737 | 268,192 | 319,818 | ||
| Charitable activities |
||||||
| Charitable Activities |
13,928 | 13,928 | 14,473 | |||
| Investment income |
136 | 136 | ||||
| Total | 275,519 | 6,737 | 282,256 | 334,292 | ||
| EXPENDITURE ON | ||||||
| Charitable activities |
||||||
| Charitable Activities |
256,403 | 4,911 | 261,314 | 265,168 | ||
| NET INCOME | 19,116 | 1,826 | 20,942 | 69,124 | ||
| Transfers between funds | 15 | 555 | (555) | |||
| Other recognised gains/(losses) |
||||||
| Actuarial gains on defined benefit schemes |
16,646 | 16,646 | 942 | |||
| Net movement in funds |
36,317 | 1,271 | 37,588 | 70,066 | ||
| RECONCIUATION OF FUNDS |
||||||
| Total funds brought forward | 808,223 | 162,401 | 970,624 | 900,558 | ||
| TOTAL FUNDS CARRIED FORWARD | 844,540 | 163,672 | 1,008,212 | 970,624 |
| Balance Sheet | Balance Sheet | ||||
|---|---|---|---|---|---|
| ~32 0 | 0 022 |
||||
| 31.12.22 | 31.12.21 | ||||
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | f | f | f | f | |
| FIXEDASSETS | |||||
| Tangible assets | 11 | 649,308 | 150,555 | 799,863 | 801,966 |
| CURRENT ASSETS | |||||
| Debtors | 12 | 141,172 | 250 | 141,422 | 148,972 |
| Cash at bank | 89,604 | 12,867 | 102,471 | 59,190 | |
| 230,776 | 13,117 | 243,893 | 208,162 | ||
| CREDITORS | |||||
| Amounts falling due within one year |
13 | (35,544) | (35,544) | (20,804) | |
| NET CURRENT ASSETS | 195,232 | 13,117 | 208,349 | 187358 | |
| TOTAL ASSETS LESSCURRENT UABIUTIES | 163,672 | 1,008,212 | 989,324 | ||
| PROV(SIONS FOR LIABILITIES | 14 | (18,700) | |||
| NET ASSETS | 844,540 | 163,672 | 1,008,212 | 970,624 | |
| FUNDS | |||||
| Unrestricted funds |
844,540 | 808,223 | |||
| Restricted funds | 163,672 | 162,401 | |||
| TOTALFUNDS | 1,008,212 | 970,624 |
| Unrestricted | Restricted | TotalFunds | |||||
|---|---|---|---|---|---|---|---|
| Funds | Funds | 2022 | |||||
| Donations | 6 | 6 | E | ||||
| Offerings | 261,455 | 6,737 | 268,192 | ||||
| Unrestricted | Restricted | Total Funds | |||||
| Funds | Funds | 2021 | |||||
| Donations | 6 | E | 6 | ||||
| Offerings | 311,737 | 8,081 | 319,818 | ||||
| 4. | INVESTMENT INCOME | ||||||
| 31.12.22 | 31.12.21 | ||||||
| E | E | ||||||
| Bank Interest Receivable | 136 | 1 | |||||
| 5. | INCOME FROM CHARITABLE ACTIVITIES | ||||||
| 31.12.22 | 31.12.21 | ||||||
| Charitable | Tote I | ||||||
| Activities | activities | ||||||
| f | E | ||||||
| Income from | non-investment | property | in | ||||
| furtherance | ofthe charity's objects | 13,728 | 14,473 | ||||
| Other income | 200 | ||||||
| 13,928 | 14,473 |
| Unrestricted | Restricted | Total Funds | ||||
|---|---|---|---|---|---|---|
| Funds | Funds | 2022 | ||||
| f | f | f | ||||
| Charitable | activities | 253,403 | 4,911 | 258,314 | ||
| Support costs | 3,000 | 3,000 | ||||
| 256,403 | 4,911 | 261,314 | ||||
| Unrestricted | Restricted | TotalFunds | ||||
| Funds | Funds | 2021 | ||||
| f | f | f | ||||
| Cha rite b le | activities | 260,796 | 1,372 | 262,168 | ||
| Support costs | 3,000 | 3,000 | ||||
| 263,796 | 1,372 | 265,168 | ||||
| Expenditure | on charitable | activities by activity type | ||||
| Activities | ||||||
| undertaken | Total Funds | TotalFunds | ||||
| directly f |
Support costs f |
2022 f |
2021 f |
|||
| Charitable | activities | 258,314 | 258,314 | 262,168 | ||
| Governance | costs | 3,000 | 3,000 | 3,000 | ||
| 257,035 | 3,000 | 260,035 | 265,168 |
| Gross Pay | 2022 | 2021 |
|---|---|---|
| E Irving G McBain |
f28,797 f35,996 |
f28,797 f35,756 |
| Pension | 2022 | 2021 |
| E Irving G McBain |
f3,330 f4,414 |
f3,330 f4,414 |
| Housing Allowance | 2022 | 2021 |
| E Irving | f12,600 | f12,600 |
| Expenses | 2022 | 2021 |
| E Irving G McBain |
f1,434 f286 |
f1,265 f1,461 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| E | f | |||
| Wages and salaries | 114,088 | 127,260 | ||
| Social security costs | 4,852 | 5,736 | ||
| Employer contributions | to pension | plans | 8,483 | 9,025 |
| Other employee benefits |
12,600 | 12,600 | ||
| 140,023 | 154,621 |
| COMPARATIVES FOR THE STA |
TEMENT OF FINANCIAL A | CTIVITIES | ||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| f | f | f | ||
| INCOME AND ENDOWMENTS | FROM | |||
| Donations and legacies |
311,737 | 8,081 | 319,818 | |
| Charitable activities |
||||
| Charitable Activities |
14,473 | 14,473 | ||
| Investment income |
||||
| Total | 326,211 | 8,081 | 334,292 | |
| EXPENDITURE ON | ||||
| Charitable activities |
||||
| Charitable Activities |
263,796 | 1,372 | 265,168 | |
| NET INCOME | 62,415 | 6,709 | 69,124 | |
| Other recognised gains/(losses) |
||||
| Actuarial gains on defined benefit schemes |
942 | 942 | ||
| Net movement in funds |
63,357 | 6,709 | 70,066 | |
| RECONCIUATION OF FUNDS |
||||
| Total funds brought forward | 744,866 | 155,692 | 900,558 |
| Unrestricted | Restricted | Tote I | ||||
|---|---|---|---|---|---|---|
| funds | funds | funds | ||||
| 6 | 6 | E | ||||
| TOTAL FUNDS CARRIED | FORWARD | 808,223 | 162,401 | 970,624 | ||
| NET INCOME | ||||||
| Net income isstated after charging: | ||||||
| 2022 | 2021 | |||||
| E | E | |||||
| Depreciation oftangible |
fixed assets | 4,013 | 2,728 | |||
| The amount recognised |
in income or expenditure | as an expense | ||||
| in relation to defined contribution | plans | 8,483 | 9,025 | |||
| Independent Examiner's |
fee | 4,200 | 3,000 | |||
| TANGIBLE FIXEDASSETS | ||||||
| Improvements | ||||||
| Freehold | to | Computer | ||||
| property f |
property E |
equipment E |
Totals f |
|||
| COST | ||||||
| At 1January 2022 | 759,257 | 40,800 | 52,518 | 852,575 | ||
| Additions | 1,909 | 1,909 | ||||
| Disposals | (880) | (880) | ||||
| At 31December 2022 | 759,257 | 40,800 | 53,547 | 853,604 | ||
| DEPRECIATION | ||||||
| At 1January 2022 | 227 | 50,382 | 50,609 | |||
| Charge for year | 2,720 | 1,292 | 4,012 | |||
| Eliminated on disposal |
(880) | (880) | ||||
| At 31December 2022 | 2,947 | 50,794 | 53,741 | |||
| NET BOOK VALUE | ||||||
| At 31December 2022 | 759,257 | 37,853 | 2,753 | 799,863 | ||
| At 31December 2021 | 759,257 | 40,573 | 2,136 | 801,966 |
| Type offinancial assumption | Type offinancial assumption | Yopa | |
|---|---|---|---|
| RPI price inflation | assumption | 3.20 | |
| CPI price inflation | assumption | 2.70 | |
| Minimum Pensionable Income increases |
(CPI plus 0.75SSpa) | 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 | 2.70 |
| Accounting date (year ending): |
31December 2022 | 31December 2021 |
|---|---|---|
| E | E | |
| Balance sheet liability at year start | 18,700 | 23,609 |
| Minus deficiency contributions paid |
(2,404) | (4,053) |
| Interest cost (recognised in SoFA) |
350 | 86 |
| been valued using the follow |
ing assumptions set by reference |
to the duration ofthe def | icit recovery payments: |
|---|---|---|---|
| Accounting date |
31December 2022 | 31December 2021 | 31December 2020 |
| Discount rate | 5.7% | 2.0% | 0.4% |
| Future increases to | |||
| Minimum | 3.3% | 4 1% | 3.0% |
| Pensionable Income |
| MOVEME | NT IN FU |
NDS | ||||
|---|---|---|---|---|---|---|
| Net | Transfers | |||||
| movement | between | At | ||||
| At 1.1.22 | in funds | funds | 31.12.22 | |||
| E | E | f | 6 | |||
| Unrestricted funds |
||||||
| General fund | 808,223 | 35,762 | 555 | |||
| Restricted | funds | |||||
| Property | Revaluation | Reserve | 150,000 | 150,000 | ||
| COVID-19 | Fund | 2,304 | 2,304 | |||
| Bassra Bereavement | Fund | 1,360 | (1,258) | 102 | ||
| Redhill Community | Food Club | 3,046 | 2,254 | 5,300 | ||
| CMES | 5,691 | (137) | 5,554 | |||
| Computer | Equipment | 967 | (555) | 412 | ||
| 162,401 | 1,826 | (555) | 163,672 | |||
| TOTAL FUNDS | 970,624 | 37,588 | 1,008,212 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| f | f | f | ||||
| Unrestricted funds |
||||||
| General fund | 275,519 | (256,403) | 16,646 | 35,762 | ||
| Restricted funds | ||||||
| Bassra Bereavement | Fund | 101 | (1,359) | (1,258) | ||
| Redhill Community | Food Club | 3,723 | (1,469) | 2,254 | ||
| C MES | 1,663 | (1,800) | (137) | |||
| Computer Equipment |
1,250 | (283) | 967 | |||
| 6,737 | (4,911) | 1,826 | ||||
| TOTAL FUNDS | 282,256 | (261,314) | 16,646 | 37,588 | ||
| Comparatives for movement |
in funds | |||||
| Net | ||||||
| movement | At | |||||
| At 1.1.21 | in funds | 31.12.21 | ||||
| f | f | f | ||||
| Unrestricted funds |
||||||
| General fund | 744,866 | 63,357 | 808,223 | |||
| Restricted funds | ||||||
| Property Revaluation |
Reserve | 150,000 | 150,000 | |||
| COVID-19 Fund | 2,274 | 30 | 2,304 | |||
| Bassra Bereavement | Fund | 1,360 | 1,360 | |||
| Redhill Community | Food Club | 3,046 | 3,046 | |||
| C MES | 3,418 | 2,273 | 5,691 | |||
| 155,692 | 6,709 | 162,401 | ||||
| TOTALFUNDS | 900,558 | 70,066 | 970,624 |
| Incoming | Resources | Gains | and | Movement | ||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| f | f | f | f | |||
| Unrestricted funds |
||||||
| General fund | 326,211 | (263,796) | 942 | 63,357 | ||
| Restricted funds | ||||||
| CQVID-19 Fund | 30 | 30 | ||||
| Bassra Bereavement | Fund | 2,000 | (640) | 1,360 | ||
| Redhill Community | Food Club | 3,778 | (732) | 3,046 | ||
| CMES | 2,273 | 2,273 | ||||
| 8,081 | (1,372) | 6,709 | ||||
| TOTAL FUNDS | 334,292 | (265,168) | 942 | 70,066 |