REGISTERED CHARITY NUhlBER: 1130958 REpoiYf OF ThE TRUSTEES AND UNAUDtrED FINANCIAL STATEIIIETrirs FOR THE YEAR ENDED 31 DECEMBER 2023 FOR REDHILL BAPTIST CHURCH GBJ Hnandol Llmit•d Sterf£ng Hou89 27 Hatthjgnds Roal Redhill Surrey RH16RW REDHILL BAPTIST CHURCH CONTENTS OF THE FINANCIAL STATEMEIITS FOR THE YEAR ENDED 31 DECEAIBER 2023 Report ofthè Trust I b) 5 Ind•p•nd•nt Ex•mln•t• R•port 8tal•m•nt ol Flninclal Actlvltb•• B•Fanc• Sh••t Not•• to th• Fln•n¢lal Sl•t•m•nts 9 kn 17 D•t•ll•d Stat•m•nt of FIn4nd￿ ktl¥ttl•• 18 to 19 REDHILL BAPTIST CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DecEMBER 2023 The trustees present thetr reptsrt with thè finandal ststemtnts of the charty for the year ended 31 December 2023. The trustees have adcyted the Pro￿1)nS of Accounting and Reportuig by Charities.. Slalernent of Recornmended Pr￿lICe apF4uble to charibes weparing their actounis in accordance with the Financial Reporting Standard appfKable in the UK aThJ Republic ol IrekThJ {FRS 1021 leff8CtN8 1 January 20191. REDHILL BAPTIST CHURCH REPORT OF THE TRUSTEES FOR ThE YEAR ENDED 31 DECEMBER 2023 OBJECTIVES AND ACTMTies Oblectlves and alms The prinapal purtyjse of Ihe Church is th6 a¢fvBncement of ts Christian fath •xorthng to the p￿rK￿leS of th8 Baptist denomination. The Church may also a(fvan￿ PJJUCat￿ and rary cdrt other charitable purFoses in the un￿ed lfjngdom 8ndlor other parts of the vrtkl. ACHIEVEMENT AND PERFORMANCE Inlstry & 18ad•rshlp - Revd. Graham McBgin hod ￿%9fted from tho church from 31st December so the first aim for the church w88 to appolnt an Interim Lead Minister. This achi8ved ￿en Revd Robert Stèvens, was appointed from Aprfl 2023 untll 31 January 2024. - The AsSStanl P8Stor with respxsits'lty for chiklren gnd young peoplo, Emity INing, tojk up a position al St Marls Church In R9*ate In September 2023 after swving Ihe Redhill 8apb.st Churcm for lourteen ￿T$. The church is enormusly grateful to Ern￿1 for alt Iw service. especralty wilh the children and yourrfJ p8oF4&, and for steppiThJ up and leadtrw fv thurch during the bme 1*h￿ there was no1&8d mknlstsr In place. - To Revd. Rob Steverts th6 church is d80 imm8nsety grat￿￿1 ts hls ￿adIr$ during the rest of 2023, bringSng rel8vant experience in those ar8as where the oldws were lackirvJ, and for his sympalhth and pastoral care of the congrggalb)n. - 2023 began wlth fIve mernber8 In the ehJwsh*>. ￿rkn9 ￿ year thre8 Te8lgn&J and tsvo moffe we add•d, maklng a flnal team of frJur, all of vthth *?re rw. Th ¢hLwGh is gratth to them for Stop￿n9 up to tr•com& part of the leadershlp. Sunday WoT•hlp - The church gathered for pubk worshlp SuTrJay in 2023 •nd held at Easter and Chrislmas. Once 8 month there VAS a ￿cond, mue tnfml. S￿le• of on a Sunday evening in addltl)n to th& regular mornlng servk4. . Pr￿hEr￿a from the Blblo o)ntribJtsd to dl8ciple8hlp gfu*th of IM congregatth. - Groups for chlldfen and young Feople •Jed 1-18 were cn offer thrtyJgh the year except Sn summer holldays, when Ihe maln Se￿Ce w86 lor aTh ages. In F&W 2023 hekl a covenant 8ervte, f¢lkn%*d by lunch, when all members oflhe coryJregatton mode a ¢ovenanl to crynmit Ihemsel4Th lo and the Church. Pastoral Car• - Both the Intertsn Load min￿tsr and a pastoral ￿[0 team wovKled Spanffr￿l amoun18 of help and ¥UPFth to the church as Isdl as to Ihe community. htsmbws of the ¢))ThJt8gakn atgo I￿red and helF*d one anotlw, whM has ts•en ancwraged and apprecmted. Prayer - a week of prayerwas heid on OC£85kn8 as Ihe chuth So￿ht Gorfs le*Jlng the fvtsm Youth & ChIldren￿ W REDHILL BAPTIST CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEPABER 2023 - Metue (for 15 - 18sl ha$ cOntin￿d to meet *wkly, usuaty for a rrEal and BibbE Stuthy and discussion. R￿k Soltdl11 - 14sl mel until the summer break. The thurth conttnues lo Supp￿ 8 s¢h¢ol tharity, SpaTkfith, fmancdly and giving opporiunsbes IDrthem to tell us atout theirwork. Work with old•r poopI• - Link-up. the group for otrjer fc4ks (￿Tron￿ In thw &)s-4)sl at RBC. meets weekty. averaging 24 peo￿8 regularfy. ranging from 1441 any For several fth knnk-up is their onty lime each week ihatlhey megt wlh Chrisliany and hear anylhing of the GfApel. Sadty, in 2023. ts4t) ol c¥Jr memta5 died. moved away and one 18 k￿yer ablè to folbwwhrfs wj w rarety crn nryw. We begin each Sess￿ wlh refreshThnts. r￿w8 and birthjoys, and Fernonal kyayer requests follchved by praygr and a hymn. We have a 8ervKe e￿h month Bnd lunch tcgether onc* per tem) whlcn a l)vely tèam cook8 for u¥ and is much appreuated. We have SFeakers from ojtsfvae and Insh1& RBC raNJlng Irtrm hèlpful le.g. rgcycliro, avoiding scams). Interesting le.g. My life Councu. Rwal Christma8esl and entertaining le.g. Snging groups 1. We 8190 have'DIY sesslons where V*Y each share. Sev8fal of these gNe nalurnl, Short testlmony CVFUtunitiès. F*mlllM work - although we haven't had a faM116WL￿mUnrtY VKrfker ￿ 2023. ￿ have contiAL￿d to run B8by-gffjw weekw lor b9ts￿5 UP to one year old wlth I￿￿r adults for refreshments. tw 8TrJ songs. ToSJler Prnlse for 1 to 3 year old•. ran thrwgh much of the year then. after 8 changè of le>Jèrship. was r81aunthed as Todd￿r6 later In thè year. C¢)mmunlty - Lunch Club- Tho team L8 Y￿d to hab* baén conllnue to Support th91 f8mllle$ In Partnernh￿) vthh th8 generosity ol Redhill Baptist Church. We h¥1 a mountsln of Easter Eggs donated and able lo give one to each member ol the families. Fun and garnes were hdd In the surnmgr wrth o lU￿h for the 10th ann￿rSary for lunch clubs. Chri$kn85 lunch wa3, as ￿ preV￿J6 year5. a great time Whe￿ ￿ had now team members and naw lamilles. A8 we are grateful for the siywl of ihe RedhAI Bapllst Chwch. - Food Club is wn In p8rtnefship%wth the Reigate and Ban$t￿j thjncil. It meets h*ekty in our church prem1588 and 8 good team of ￿UnteerS frcm ￿ church are involved wilh FKking up grocery donatsons from k)cal superrnarkels. generally fresh fwR aTrJ ¥egetable8, aTr# eggs and rn1￿. sorting arsd setting Out 8verything and then seNing the clienls. The￿ are around 30 - 35 ccffle fc¢ Ih*r shoF*)ing evèry weak. Church mtsmbers also donale dry goc*J4 WKI foc4J dub was the rn¢lplent olth• church's harvegt gifts. Admlnlltrntlon . fvAmini8tration of the church rAxrtinu8s under the of a W.tirne Staff member. Shg deaLs ￿1h 8m•ll 8tKI telephone enquirtes. referring them to thè correct pernon if r*c8ssary. She gets quotes for addit￿1 work that Is needed. keeps up to dale valh wular maintena￿e rEed&J for ts church and rnar￿e. and wlh service contracts, and liaises WI￿ the facilit￿5 manageM￿t leam fegarding ary bull dI￿j issues noticed. Sh8 oversees the photocopier. keepirvJ check on stats'onery , toner etc.. and akn keeps track ￿th kithen supplies. c¥dermg more when necessary. Sh& minutes church meetings and thurch leadersh4) meebngs. She draws up several rotas for Churc￿ activities. and helps ￿￿th the churth finan￿, doirwj ￿Qkkee[xn9, an¢J Infom)Ing the treasurer of what needs to be wd. She line-manajes the deanr¥J staff and also VAII do a number ol ad pbs lo ease the running of the Ghurth. REDHILL BAPTIST CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OECEIIBER 2tr23 Bulkllngs- FaclllU•8 Managemwrt T•anL - General maintenan¢6 oftne church and M￿Se have been ongoing IhroLgh the y8ar. A major pkne ofwork wag the renewdl of the ramp le￿ing into the 8epa¢ate entrance for prfrsc￿I. was achieved during the summer holhjay per￿d, overseen by the team who. t¢lng qualif￿d to do 80, dbj soma of the work th&wAelve8. FUTURE PLANS Plans for the ftrtur6'. 1.seek 8 new Lead Mlntster 2.seek lo Itll other staff vacanc 3.Re-eV￿uate church fife and ministries as ￿ ￿nfjrge trom a drfrl￿tt and enter a time of p88toral vacancy 4 M8ke 5i9nrf￿I W09￿ss to•Mrd tecomlng a Chanlabkn Inoxpxated Organ￿kn)n (CIO) STRUCTURE. GOVERNANCE ANO MANAGEMEKr Gov•rnlng docum•nt The chèrty ￿ ¢￿trol￿d by Its wvemlng documen( a deed of trugt constittrteB ￿ unI￿rated tharfty. REFERENCE AND ADMIN18TRATIVE OEfAILS Reglstered char￿ numbor 1130958 Prlnclp*l addrés8 Halchlands Rrfft Redhill Surrey RH16AE Trusts Ms R Davts C Tewkegbury T Stuart lapwlnted 2813+2023) L N8wland lappolnted 1611r20241 E lrylng Ireslgned 1719r20231 MS C MGNlsh Iresbgned 3016r20231 18uck ITesIg￿￿ 3118120231 N Joutort Ireslgned 218r20231 Ind¢pendent Examln•r GBJ Financial Limited Sterling House 27 Hat¢hlands Road Redhill Surrey RH16RW REDHILL BAPTIST CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 REFERENCE AND ADMINISTRATIVE DETAL8 The Snterfrn Mlnister aTrJ the eldets are tho Charity Trustees ond Ihey a￿ respcThit4e for Ihe governan￿ af the Church and the fvthlment of the Puw through its ktivities, acbng xccKdiry to Ihe wHt of God as discerned by the Church Members, Meetsng. The Church's ￿ganr8at￿)nal slruciure and the wocedures for Ihe apwntment of the leadership a￿ Specified in the Churcl ConstitutK)n. This ¢onstitsJtion apwoved by the Church Mfretlng and can only be ￿tered by a re5thJtion ofg SF4cèI Church frAember￿ Meeting. The Charty Trustees are aw8re ol ￿ Med to ewir* ￿ maTr)r finandal, strategtc and operattonal ftsks faced by the Church. We ¢onfim w¥lems have b*i eslatlished so ltrhat steps w b• taken to manage and mits.galè those rtsks. Approved by ordor of the bowd cltwslee5 ￿ 15 Ortober 2024 8nd *ned on ts behalf ty. C Te%*e8bury. TrLMle• INDEPENDENT &XAhllNER'S REPORT TO THE TRUSTEES ¢ REDHILL BAPTIST CHURCH tndependent examlnets reportto the trustees of Redhltl ￿ptknt Church I reFQrt to the charty trustees ￿ my 8xaminathJn of th8 ￿lUnts of Redhill Bapitst Church (the Tntsl) for the year ended 31 Oecember 2023. Respon8lbllltlos and ba818 of r•port As the charity trustees of the TTUSt you are responsi1￿e for the wepfirat￿ of the accwnts in accud￿ the requirements of the CharIt￿S h£t 2011 fthe *dl. I retxyt In respect of my ex8minalkJn of the Twsfs accounts Ca￿led rxrt under Sect*Jn 145 of the Act ar*J In carryiro out my examinat￿ I have all appl•*Le Dire￿￿)n8 gr¥en by the Charrty Commi56ion uThJer Sect￿￿ 145(5llbl of the A Ind•p•nd•nt èxamln•es stat•ment Since your thBrity'8 gross income ex¢eeded £250,C(10 ynur examiner rwst be a member of a 115tfjd body. I can confirm that l am qualthed to undertake the examlnation because l am a frthiber of the Insbtute ol Chartered Accountants in ErvJland and Wales. whth 65 one of the li5tsd bodles. I havè completed my exèminatth. l confim Ihat no malerid maitws haw Ccrfm lo my attentlon kn o)nnectlDn with the exgminèlion gknn9 me cause to t￿8Ve that In any maternl respect (￿uTh￿ng ret￿r￿S not kept in respect Oltr￿ TnJ81 ￿ wutrad ty Sectton 130 ofthe kt or the accounts do not xcc*d Ilkxe reeofty or the acctsunls do not compty with the 8pplicatAtr r6qu*errMts ¢xncwnlr4 form 8nd content of accounts sel out In the Charltk8 IAc¥¥Junts and RepJtsl Reguthins 2CQ8 other than any wtsiremenl that the account5 glve a true and fatr ￿eW whkh Is T￿1 a matter Cor￿lde￿d 85 part of an Indepen￿l examinauon. I have no concernB and have ccrfne no t)ther mattern In connectlon wlth the examlnalwi to whkh attenllon 8houhJ be drawn in thi8 report ￿ ordef to enab￿ 8 woper uTrJerstandiTr3 of the acctsjnts to be reached. JondthBn Hlll* ACA FCCA GPJ Flnanclal Llmltsd Slerting House 27 Hglchlan•Js R( Redhrfl Surrey RH16RW 16 October 2￿24 REDHILL BAPTIST CHURCH STATEMEMT OF FINANCIAL ACTMTIES FOR THE YEAR ENOED 31 DECEMBER 2023 2023 Total lunds 2022 Total nds fund INCOME AND ENDOWMENTS FROM Donations aTrJ legacies 260.170 £160 266,192 Charflabl• acllvltlos Charitable actNity 1WO 14400 13,928 Inveslmenl incomè 1,041 136 Totsl 265,611 4160 269,771 282,256 EXPENDITURE ON Charitabl• •ctlvltl•• charitab￿ activity 214189 3,202 217,461 261,314 Nel galn$ ￿ Inveslments 16,646 NET INCOME 61.422 52 37.S88 RECONCILIATION OF FUNDS Total funds DrougNI foNYbrd 163,672 1.008312 910,624 TOTAL FUNOS CARRIED FORWARD 895,962 164.670 1,080.532 1.￿8.212 REDHILL BAPTIST CHURCH BALANCE SHEEr 31 DECEPIIBER 2023 2022 Total fund$ Total funds fund funds FIXED ASSETS Tangible assets 684.171 150A55 834.726 799,863 CURRENT ASSErs Débtors Ca6h at bank 170043 170,043 94.D71 141,422 102,471 140115 14016 264,914 243,893 CREDITOR8 f8lllThJ due wSihln one yegr (39,108) 139,108) 135,544) NET CURRENT ASSETS 211,791 14J115 225,806 208,349 TOTAL ASSETS LESS CUIIREKr LIABILITIES 896,962 164A70 1J160,$32 1.DJ8,212 NET ASSETS 896,962 181670 1mO,$32 1,OJ8,212 FUN08 Unresirtted funds R881rtctsd fund¥ 895,962 164,S70 844,040 163.072 TOTAL FUNDS 1,060,632 1,W8,212 The flnanclal stalernents V+Yre aFpr(Affjd by tho Bo￿￿ of Tru8t8os av¥J authorf8ed for Issue on 15 thtober 2￿24 and were 81gned on its beh￿1 by.. C Tevthestwry. Trustee The notes foThn part ofthese fmaThial ststwr￿ts REDHILL BAPTtST CHURCH NOTES TO THE HNANCIAL STATEMEPITS FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POUCIES 8a818 ol prepartn9 the Ilnancbal •tstem•nts The financkal Statements of the chaiity. YA)T¢h ts a publ￿ benefft entity under FRS 102, havg b prepared in accordance wth the ChanW SORP IFRS 1021 'fv£counb"ng and Rewting by Charitres: Statement of Recommended Pr%lu akYl￿ab[e to chaiitses preparing th￿r accounts in accordance with the Finanaal Reporting Standard aFPl￿b]e in the UK RepUtr￿c of Irdan(J IFRS 1021 leffective 1 January 20191,. Finanual ReF#Nting Standard 1(r2 The Financi* RepJrtiThJ Standar(J appllcable in the UK arbj Republic of Ireland, and th8 Chaiities kt 2011. The finarKial st8temtrnts have be￿ wapared undar the historical cost conven1￿. Thor8 arg no matsrial wK8rtainlies atth the c￿5 to Cxntirt￿. Incom• l incoming resourc￿ are induded In the statement ol fin8ncaal •XivilJes when enlft*ment has pas8ed to the charity,. ri Is PTobat4e th•1 fhe ecortmii L￿efft8 a$8<￿ted vnth thè transaction will flow to te charfty and the amount egn bè rdiabty measured. Tr folN)vhng specth poUcte8 are applled to P8rtkul8r ies of irKoffle.' - Income frcm donaikns or grants 15 rwniqed *then therels of entbljemantto the glff ￿￿p1 probable Bnd Its arnounl can be measured rdiabty. - Legy IrKomg Is recognlsed t*hgn r￿1p1 is wobabkn and ont*lement i8 e8latAOshed. - Incorn• from donated goods ra messured 81 the fatr vatrje of ts gc*Jds unkss Is Impractleal to asure rellably, In whlth c888 th• value s derived from the to the donor or the estimated resale lue. Donated I￿lit1&S 8nd servus Bre recognisad in the arr￿Unts %then recewed il thg valug ran be r￿lAb￿ maasu￿. No amounts 8r8 i￿luded lor the contn'bution olgeneral volunteers. - Income from contro¢t8 for Ihe suppty of wvto• IJ recrynl¥•J with thg dgfvery of th$ ¢ontrxbJ 8ervKe. Thls Is ck$$rfied $ unre8trirted funds unless 1$ ￿ntra￿lI requirgmenl for it to be 4)enl on particular purwse and returned rf un6penL In wt￿h case it rThay be regarded 88 re8lrthd. Expendltur• Expenditure is reccgni5ed on an accnM18 basi8 a8 a fiabOIIty Ls tncurr8d. Expènditure I￿ude$ any VAT whlch cannot be fuQy T•coverod, and IB dwBBifiBd under he•Jing• of the statem￿1 ol financkl act1vl1￿ to which tt relatss.. - ExpenditLrn on rdslng funds ￿ude8 th• costs of dl lurthiWTrJ athltloB, ovents. wdaoses: r8strrA•J Ir•>Th lunds or ￿￿OWMent funds. Penslon costs and othw pOSt-r￿1￿m•nI bort•fit• The Church conlrtbute5 to pe￿on 8rrnrvJements foT thè PAS10￿ Thè Pa8tcrfb t￿tr￿te ￿ a dèfined ¢onlributkn stakeholder perffjion scheme. The ccntributitins chty in thtr ac£ounts whèn due for paymenL Th& Church also OFeT¥tes an autwr01m￿I defined conlritrAA>)n Bthemè other Btsff member8 Ift awydonce wlth pensw regulgtion8. The arE th8rgpd in thè xcounts when due for paymenL Provlslons ProVI3￿S afe recognjsed Yrtwi the entity has an O￿lgatIOn at the rewb'ng date gs a result of a p88t event, 11 is probab￿ Ihat the entity *ill be reqU￿￿j lo transfer eC0￿MiC benefits in setuement and Ihe amount of the ONWJat￿ can te eStirna￿J reliabPy. Provi￿0￿ a￿ recwnwd 88 8 Ilability In th8 Ststemant of finanrial po￿1*)￿ arKI the aThunl of the pthi￿On as an eypense. ProwsKMs are Inl1• me8ju￿d at v)e best tsumaie of the affKJunt requi￿ to lh& O￿lgatiOn at Ihe reporting dale and subsequenty revfjth¥ed at rekxwb.ng date and adjusted to reflect the ojrrent beBt estimate ol the amount that be requtred to seiibe the oblytion. Any adluslmenls Ic the arnounts pr¢yhw$ty recognwd are re￿n￿O￿ in irKorre or expgnditure unl9$9 was 0ri9tnally recognised as part of the cost of an osset When a ￿￿￿SlOn ts measured al the prosenl vglue ol Ihe amount expected ¢0 be wuired to settle the obfga￿. the unvAndwg of the discount Is reLognised as a finan￿ cost in the statemerrt of fmanoal thibes in the FefKKI it aii58s. and rs an￿ated to the appropriate expenditure headirKJ. -10- continued... REDHILL BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS *contlnued FOR THE YEAR ENDED 31 DECEMBER 2023 INVESTMENT INCOME 2022 Oeposlt account interest 1,041 136 TRUSTEES. REIIUNERATION AND BENEFITS 2Q23 2022 Truste88' 8dart88 Trustees, pensiwffj 36N33 2N98 Tl.393 7,744 37.931 85.137 No sum8 ￿re r￿m￿l$ed lo the Ehaers fc< their VK*rk 8$ Ehjers in eiiher year. The expen3es recorded are expenses p81d h rd8titsn lo thelr ordln8ry not thelrwork as T￿￿tee8. 2023 2022 Tru81••s' •xwnMs 1,024 1.720 STAFF CO8Y8 2023 2022 Wages and saLqde8 Social security costs other p￿￿0Th costs 77,017 981 1,411 118.650 4,B52 79,409 124,144 Th8 a¥orag8 morthty numtor of ompkyrns durirvJ tho yearwas as fofKNM'. 2023 2022 No emF4oyee8 rt¢tyved emolumenls In excess of £60.ofA). -11- conlinwl... REDHILL BAPTIST CHURCH NOTES TO THE FINANCIAL STATEPJJENTS- Gontlnued FOR THE YEAR E14DED 31 DECEMBER 2023 COPnPA14ATIVES FOR THE STATEMENT OF RNANCIAL ACTMTES UnYe8trlcted Restrkted fund funds Total funds INCOME AND ENDOWMENTS FROM Donat￿nS aThJ *aaes 261.455 6.737 288,192 Charttsble actlvftles 13.928 13,928 Invgslmgnl income 136 Tot•1 275.519 6.737 282,256 EXPENDrruRE ON Charltable actlvltl•8 Charllabb activ 2￿403 4.911 281,314 Net galns on In¥￿trf•nts 16.648 18.840 NEf INCOIAE TrnnBforn bptwmn fvnd• 37,588 555 Pthl mo¥•m•nt In fvnd• 36.317 1,271 37,688 RECONCILIATION OF FUND3 Totsl fvrKl• brought 182,401 970.824 TOTAL FUNDS CARRIED FORWARD 844.￿0 183.672 1,008,212 -12- continued... REDHILL BAPTJST CHURCH NOTES TO THE FINANCLAL STATEMEpifJ- continued FOR THE YEAR ENDED 31 DECEMBER 2023 TANGIBLE FIXED ASSETS FreeholdlmpTovem•nts pro￿rtY to prop•rty Computsr equlpment TotaLs COST At l January 2023 Addrt(ons 759357 53.647 863.604 39,362 39,302 At 31 Decembar 2023 7159357 80.182 63,$47 802,066 DEPRECIATION At 1 January 2023 Charge lor year 2Y7 53,741 4.499 At 31 Decemtor2¢y23 51053 68,240 NET BOOK VALUE At 31 December 2023 759257 73,S7S 1094 834728 At 31 December 2022 759.257 37,853 2,753 799,883 The freehokl churth premises were revalued In 1995 An th• surplus M rvmluaifon at that dats of £150,CQO is Included In the above of £759.257. DeBTORS: AMOUNTS FALLING DUE IThIN ONE YEAR 2023 2022 Accrued gfft akl Pr•payment• 166,029 4,814 138,153 3.269 170,843 141,422 -13- c(*rfrnued... REDHILL BAPTIST CHURCH NOTES TO THE FINANCIAL STATEME￿￿s- contlnued FOR THE YEAR ENDED 31 DECEMBER 2023 CREDITORS: AMOUNTS FALLING DUE WIThIM ONE YEAR 2023 2D22 Trad8 credikns Other credrtors Acuuad expanses 29 8.505 27.010 33n 3WS 39.108 35,$44 MOVEf¥lENf IN FUNDS mov•ment Inlu At 31.1123 At 1.1.23 UnMtrl¢tsd lund• General fund 61822 096,962 trfcted fund• Propety Revalualhx Re8eTh Co￿d-19 Fund Bawa Bgreavemènl Fund Redhlll Communlty Ftsjd Gmt CMES Computer Equipment 150000 2J03 102 150.000 2,303 102 6,681 5,071 413 14831 163072 184,570 TOTAL FUNDS 1mB.212 52.320 1,060,532 nhJvem•nl In fvndi. Induded In the aby46 ern u fc4kn*1.' Incomln9 RMouvc•• rn•ourcM •xp•nd•d M¢v•m•nt In fvnds Unmtrlct•d lund¥ General furyj 266.811 01,422 Restrlet•d fund• Redhill Community Fo)d Gftyjp CMES 1,381 1.239 11.7221 4.160 13.2 TOTAL FUN08 269.771 1217,451 52,320 -1 cfjntlnued... REDHILL BAPTIST CHURCH NOTES TO THE FINANCM STATEME1￿S-CODt1￿ued FOR THE YEAR ENDED 31 DECEMBER 2023 DAOVEMENT IN FUNDS- contlnu•d CoMpar•t1￿ for mov•ment In fund8 Trnn8f•rs movwnent botw8•n In funds nd At 1.1.22 31.12.22 ilnre5trlctod funds Genefal frJr*J 808.223 555 R•strkt•d fund• Property Revaluallon Rese Covid-19 Fund Bassra Bereavefnent Fund Redhi15 Community F￿d G￿up CMES Computer Equ￿rnont 150,OC 150,000 2,304 102 5,300 6.554 412 1.360 112581 2254 11371 5.691 (5551 182.401 16S51 183,872 TOTAL FUNDS 970,ff24 37.588 1,008,212 compara￿ n•1 mov•rMnt In InclLkled In the 4bM are M Ic41M' Ineomlng Resoure (Wn8 and niov•m•nt In furtd# Unrestrlct•d fund• Genernl lund 27S,S19 (286,4031 18.846 36,762 Rmtrlcted fund• Bassra Bereavement Fund Redhlll c￿mUnIty Food Group CMES Computer Equlwrtnl 101 3,723 {1.359) {1.469) {1.8CQ) {283) 11.2581 2,254 (1371 967 6,737 (4,911) 1,826 TOTAL FUNDS 282.258 1281.314) 16.648 37.588 -15- ontinued... REOHILL BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS- eonthiued FOR THE YEAR ENDED 31 DECEIABER 2023 MOVEMENT IN FUNDS- contlnwd A current year 12 months and wior 12 moth (Xjmbv￿ is as lolltrK: Trnnsf•Ys At 31.12.23 Atl.122 In fund• fund• Unrestrlet•d fund8 General fund 808.223 87.184 555 895.982 Re•trlctsd fund Property RevaluJbon ReBe CoMd-19 FUNJ BassTa Bgrgavemenl Fund Redhill Community Fc4Jd Gmup CMES wler Equipment 150.C(IQ 150,000 2,304 102 6,681 6,071 412 11,2581 3,635 16201 3.046 5.691 15561 162.401 2.724 16661 164,670 TOTAL FUNDS 970.624 89,WJ8 1.CiIO,532 A current year 12 months And prkn ￿ 12 nM>nthB tombln8d net IT￿mM￿t In fvThl#. thILkled in th above are as follyu&" Imxnlng Il¢•ourcM G•bM and Mov•m•nt r•￿ul¢m •xp•ndod In funds Unreltrfcted fund• Gpner81 fund $41,130 {470,￿32) 16,646 87,184 Restrlcted lunds B8ssra Bereavoment Fur Redhill C¢)mmunty Fojd Gro CMES Compuler Equlpmenl 101 (1,359) (3.009) {3.522) {283) {12581 3,635 (8201 967 2,9D2 1,250 10.897 (8.173) 2,724 TOTAL FUNDS 652.027 {478.765) 16.646 89.908 Restrtted fund8 ￿ fvnding given spe¢ifo extem¥l LVOSe￿ approved ty the trustees. that are pa98ed on to Ihe spe¢if¢ prciects durthg Ihè c￿rSe of fv year. Revalualion reserve is a restrthd ari5irvJ on the churc*'s premises rev8luatbJn in 1995. Thè revaluat￿ (eserve represents th8 surplus of the 1935 valualion over the Original ojsts of the building. -18- tinued... REDHILL BAPTJST CHURCH NOT&8 TO THE FINANCIAL STATEPIEKfs. ¢onllnu•d FOR THE YEAR ENDED 31 DECEMBER 2023 10. RELATED PARTY DISCLOSURES The Custoylan Trustee of ts Churth is the Bapti81 Unkn Cwthon ￿rnited. whth is charty number 249635 and is cOntrol￿d by the Bapts'5t Uni)n C￿￿1. The Church is also a member of the Bap￿St UnKJn of Great Britain and the Swth East Baptsl ASBCQatK￿. The Baptist UnKin vras £896 12022.. L8921 as a subscnption tésed on the num￿ of regL8tered member5. South E8Stem Baptist AsKK*ion was donated £7,350 {2022'. £7,WOI. Thè hc¥ne mI881on lund, a fund that supports churches in the area Ihat do not have suffKent fiJnds. rewv&J £7,3LTh)12022'. £7,000). A payment of £16612022. £2061 was pw'd as a svb6cription based on the number of members registered with the churth. BMS Worhj Mlsslon, a relaled entity to the Bapts'st Unkn Of Gre8t Bntain, was donated È4.200 12022: £4.0001. 11 is an agency thal SUPFQrts pèr5crfinel arc￿nd tho wYJrkJ on shor( medium and k)ng terni mi8sion8. E ITvhvJ Is 8 trustee ol the Church Is paKI a stipgnd wl)kh is appffwed by th? ff*nbers al the ènd of the year for thè CAX7)Ing yw ot a church rngbng. In th￿r capacty as pastor, one ethf rgcrn 8 IMyJBh¥J aikwmnce from th• chwch under 4 (enl ag￿ment and ong has us8 of a prcpety 08 man -17- REDHILL BApnsT CHURCH DEfAILED sfATEMENT OF FINANCIAL ACTMnES FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 INCOME AND ENtX)WMENTS Donatton8 and legacl 2¥330 268.192 Invo¥tmont Inc¢mo D•po8lt aeecunt Int•rnsl 138 Ch¥rttabl• •¢tlvltl Rental income Other Income 13,870 630 13.728 200 14,400 13,928 Total Incomlng rgwur¢ 289,771 282,256 EXPENDITURE ChArftabl• actlvltl•• Tru81ee8' 8alarle8 and benèfrt8 Tru8lees' pen8tons pah Tru8t88s' expenms Wages Suoial ¥eGurlty Pon8kn8 Direct Chadrab￿ eXper￿lture Church and adMin￿trat￿￿ Costs Charty ovetheads Deprecigtion 38.433 77,393 7,744 1,720 41,257 4,852 1,524 41,$84 981 1.411 26,370 78,486 21,686 4.499 10,648 77,445 31,400 4,013 214,461 257,114 Support colts M4nABom?nl Legal and professbnal 3,000 4,2 Total resryJrc89 expended 217AS1 261,314 N•t In￿m0 b•forn galnl Ind IoBw• 51320 20,942 R•4ll••d r•¢ognlud galn• •nd lo•• Garried f¢)tward 49,320 16,742 Thr8 page doEB TV3t fl￿ rArt ofthe staw fina￿la1 slatern￿ts -1& REDHILL BAPTIST CHURCH DETAILED STATEMEKf OF FIMANCIAL ACTivmES FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 R•allsed reeognlsed galns and loss4s Brought forward Acluartal gains on defined benefft 8ch*))es 49,320 18.742 16.646 Net Incoffle 52.320 37,588 This page does nol fomi wt of the statsrtory financial slalements -1