ABOVE BAR CHURCH Icompany number 06959469) REPORTS AND AUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024
Above Bar Church Legal and Admlni8tratlve Informatlon Tru8tees Karen Dlck (Company Sacretaryl Ashley James ITrea8urerl Joanne James Philip Thwait8S Nicholas 8firryman- Resigned 31 August 2023 Chrls Hughe4-Reslgned 31 August2023, reappolnted 27 November 2023 M8rtin Bal<er-Appolnled 18 Sapt¢mber 2023 Trtsvor Picl(up- Appolnted I September 2023 ELder$ Jonathon 8arry- Appolnted 1 June 2023 Chr1¥ Wobb TIM Hcnstock Nlck BeJrrym¥n Murtin Baker C,hTls Hughas- Retired 08 eld@r 1 Supte,mbar 2023 Trovor Plckup Chr18 Smlth P8uI Allcock Sécretary Karen Dir,k Charlty Number 1131075 Company Number 06959469 Prlnclpal Addrojs Reglsterad Oftl¢e 69 Above Berstreet 69 Above BarStr8el Southampton Hampshlre S0147FE Southampton Hampshlre S014 7FE Audltor Bankers l<night Goodhead Limlted 7 Bournemouth Road National Westminster B8nl< PIC Chendlers Ford 105 Hlgh Street Wlnchester, Hampshire S023 9AW Eastleigh, Hants S053 3DA
Trustees, Raport Forthe year ended 31 March 2024 The Trust868 pr888nt their annual report and flnancS818tatements for the yeBr ended 31 March 2024. The linancial statements have been prepared In 8ccordance wlth the accounting pollcles set out In noto 1 to the financial stat8mentS and complywith the church's Memorandum and ArtlGles ot Associetlon, the Comp8ni68 Act 2006 and Accountlng and Reporrlng by Charltles: Stgtemant of Recommended Prae.tice 8ppllcable to chsiities preparlng their accounts in accordance with the Finan¢lal Reporting standard applicable in th8 UK and Republlc ot Ireland Ir.RS 1021 leffectivo 1 January 20191. Oblectlvos and actlvltl89 Thé objectlv¥s of the church Bs sot out In the Marnor8ndum 8rid Articlgs of Assoclation are: 1. to advanc8 the Chrlstlan falth in accordance wlth the Slatemont nf kleliefs and Vl8lon In 4uch ways and in PArts ofthe Unitad Klngdom or the world as theTrust8es Irom tlmo totime maythink 2. to rellev8 slckn88s gn(I Ilnancial h8rdshSp and to prory)ote and pr8sorvv good health and A8neral wullbfilng bythe provlslon of fund¥. p.uods or services of any k1nd, IncludlnÉ through the prov191on of counselling k)nd 8UPPOrtlng such parts of th+J Unlt8d Klngdom nr the world the Tru8teas from tlme to time may thlnk tit. 3. to advance aduc8tlon In such ways 8nd in such parts of thc Urilted Kingdom orthe world astho Trustoo.4 frorn tlme ta tlme rnay thlnk flt. The Trustees have pald due regard to pijblic beneflt Éuidance issued by the Lharity Coinm1881on in d8cldine what activities the church should undertake. The church enécovoured wlth God's help and guidance, to meet th8 oblectlv8S Outlined above In tha follawingways.. Adv8n¢lngthe Chrfstlanfalth We continued to meettowL)rshlp weaklyonsundays Inthreecungregatlons across twoslteg, Clty Centro and East (In Harefl8ld). On each occasion the Chri8tl8n fsjlth 18 advanccd by pyoclalming and teaching the good new8 about Jesus, slnging God's praises, prayp.rs and tostimonl88. Our Suiiday mornlng service at City Is livo%treamed and people eng¥ge onllnefrom Southampton, and al80 from differ8nt parts otthe UK and other countries. Wa devf)t8d 38vbr81 Sundays to our regular 'Above Bar DNA, 8erie8, which giv88 an opportunlty to reinforce our mi$sion, vision and value8 wEth our meTnber8 and regular attendees. AIL three congregatlons are diverse Including a wide Yange of age8, backgrounds and nation81itles. At our City and East mornlng seNices we advanced the Chrlstian falth by usu811y teaching children and youth in their own groups, althouth on occasion3 W8 lolned tr)gether for All Age Worship. In addition there were vaYlou8 midweekgroups for children and youth whiGh 8dvanced the faith in Tnore low-key ways, through building relationships snd activitles, includlllg for those who didn't 8ttend regularly on Sundays,
We continued to attract a signlflcant number of refugees and asylum seekers, in parricular from Iran but also from othor countflas such as Uganda and durlng the year 8 number came to faith and were bapti88d. Regular Bible gtudies took place each week for inteinationals, includlng a Bible study for Ir8nSans and another for all notionalities At our woekly'Global Gatherlng,, A small Ukrainian tellowship met at our City slte on Sunday 8fternoon$, AsSde from Sunday services, ther8 wer& regular opportunities throughout the year for the t81th to be advaiiGed by mean8 of mld-week meetliigs, held mainly at our City ¥ite. These included running sn Alpha Course, Dlsciploship Explored and Hope Explored, coursa8 designed for newor not yet believers. Our we8kly Conneet group advancod the f81th and f8cilltated 80clol int6ractlon among the over 55's. A large number ofAroups met In peopla's homes during the week, for Bible study, prayer and mutual enoouregement. R8llavlng slckness and flnanclal hardshlp and prom¢tlng and preserving good health and wellbeing N8mber8 of our p8Storal care taams r(>gul8rly provlded support. prE)yer and ene,our8gement fur th08e who were siok arid vlsltod people in hosplt£il, In c8re homes or in th8ii own homa8. Aslde from th18, 811 chuich memb8rs are encouraged to see this as a shar8d respon.81billty. Throughout th8 yoarthore were countless occasions where people in tl)e church gave sacrificially with others In neod, sharlng their time, practlcq I skills re8ourGes. Our Sunday .4crvic,e8 drew in a number with .yignltlrant flnancial, health ond other nAed8. In(',luding samo who are homeless. A number of our member¥ offered food, hoi drinks and conversation to p()ple who mlght othrwIsl be I:onipletely Iso18ted. We c.ontinued to host a we8kly.8outhampton City M188ion 'BdtsiCS Bank. at our City sittt, albelt this was Int6riupted for a while du8 to unav()IdablR bulldSng Issues. But wlifin operatlng, Baslcs Ban1( provlded f roo tood, clothing and baby equlpment to people in need. 'The Blgi Dlfferenco, food redlstributlon ch¢irity Is now 8 separate 6ntity a.8 of 1 Aprll 2024. But we oonlinued to mdliitain good link.4 and suppoit this vital ministry, which works with 95 community groups, charlties and schools in Southampton to hp.lp struggllng families and the vulnerable who t8ce fnod ins8trurlty. We 41%0 c()ntlnuod lo host the wcokly'BiÉ Br8Akfast' on Thursday mornings, whlch provlded a ¢ook6d breakfast. 8longwith sdvlcei practiLal 8UPPQrt and community to thnse who are homele¥8 or In need, AnywheY6 betWen 60 and go have attended each week, During the year we.98t UP 8 small worklng group to provlde advlce and, where p088ible, practical and fln8nclal assistanc8 to refLrge08 8nd 88ylum-seeker8. Th18 wa8 done In ¢108e co-ordlnation wlth CLEAR ICSty l.lfe Educ8tlon and Actlon for Refugees) to onsure w8 acted responslbly and In line with all relevant legislation. Although 8tlll a fairly new initiative, d number ()f 88ylum-seekers wlth Ip&ve tn remain (and theroforc needlngto leave govoinment provided ecconimodationl were helped to lind houslng, with grants made to assist with rental depn81ts gnd other Ilvlng costs. We continued to run 8 Debt Centre from the chijrch In conjunction with Chrlstians Ag8in8t Poverty ICAPI wh088 vlsion 18 'Tran8formed lives. Thrivlng churchos. An end to UK poverty., The Gentre averaged around two new referrals a month and continued to offer ongoing support to a number of clients who are still worklng towards their debt goals,
Advanelng aducatlon
Th8 Blble was taught regularly in many and varioLlS contexts throughout the year. A large POTtiDn
of our Sunday services were takcn Ltp educating people about the Christion lalth and how to be
faithful disciples of the Lord Jesus. We advanced &dLJcation moro widely too, for example by
providing w8el<ly English LanguaEe Class68 8t our City Slte, eduL'ating int8rnatlon81s whose first
languaE8 is not English. Our ConnectEroup al.*0 advdnced oducatlon among over 55's byinviting
outslde speaker¥ to spftak and teach on practical Isyues suLh 88 r8tlrement plannlng 8nd h8%ring
18SU88.
In the E8St ot the City wc contlnued to develop good relationshlps wlth Woodlands Comrnunlty
College, A coupl& ol our staff have gon8 Sn regularly each week to serve as volunteer reader8. to
assist pupils develop their roadirig sl
Investment Pollcy The majorlty of monies 8re Invested into deposit account8 wf(h a recognised Institution, N8tlonel Westminster Bank. Above Bar Church s6eks to obtain the hlghest possible rdturns con¥istent with a e,autlous attltude to ri8k8 and 8hort-term avai18billty of monies. Risk Management The Trustees h8ve exa m Ined that major operational rlsks whlch the churLh face8 and eonllrm that 8yStvms have been establi8h8d to on8bl8 regular raports to b8 produced so that the nec8S8ary steps have been tak8n to lessen tho8A risks. Plans for future periods In addltlon to contlniilng to run gnd 8UPPOIt establlsh8d programmes to de15vo1 the oblectlvos in a¢cordanee with the Statement of Bo118fs and Vislon the following speclfic are88 have been selectèd for p8rtlculÉr focus in 2024-25. 1. To ralnvlgorote the pr8yer lifv of tho church. 2. To equipi train ond reloa8e elders to sh6phfird tha floek 3. To Yavlaw and develop a nHwW()rld Mlsslon Strategy 4. To clarify th8 vlslon for huw One Church ()n Iwo Slte8 works for Above Bar E¢?St and Central. 5. Revlew leadership and dec.isiori-meklng functions and proce88es. 6. Equip and train future lodders and preachers.
Structure, governancè and management The church is a company limited by guarante8 registered In England and Wales incorporated on the 11 July 2009, registration number 06959469. The ¢hurch is also on the register of Charities with the Charity Commissioii in England and Wales, re8lstration number 1131075. The Trust8e8 who ara also the dir8Ctors for the purpoge of Company law, And who served during the y8ar and up to th8 date of signature of the financial statements were: Nick 86rryman Ashleyjames K8r6n Dic1< Chrls Hughes Phil Thwaltes Jo James Trevor Plckup Martin Baker The church oper8tO8 nn 8 day to day ba815 through the leador8hip of th8 pald 8lders and SUPPf)rt office 8nd pastoral staff. Theso ore dccoijntable to the Trust.e¥s who have the fiscal and legal overslEht. TriJ%lvf)s me.et oil a regular bAsls. A r8nge of people serve In a mSnlstry l¢a(Jur8hip capacity. The church Is grateful for tho contributi()n of many Linpaid volunteers. Every church member 18 lirriltoé to contrlbute up to 8 m8xlmum of £1 in the ovent of the church bcSn%wound up. Audltor Kiiight Goodhead Llmlted were proposod as auditor to th8 company and a rAyolution passed at the Ordlnary Morribers meet1r1 in February 2024. Dlsclosure of Infarmatlon to audltor Each of thp. Trustfi8s1128 conflrmed that therels no infornitrjtlon of whlch they are 8W8re whlGh Is rolevaiit to thc audlt. but of whicli the auditor Is unaware. They have further coriflrmed th8t they hav8 taken appropriate % o identlfy 8u¢li reLev8nt information 8nd to establlsh that the auditor is 8w8 r8 of yuch forma un. The Trus ve bytheB ard of Truytees Trustee P. TFI WA TTES Date,.
Statement ofTru5teeg' Responsiblllties The trustees, who are also directors Above 88r Church for tha purposes ol company 18w. ara r&sponsible for preparing the TrLAStees' Report and the financi81 statoments In accordanc6 with applicable law and Un ited l<lngdom Accounting Standards, including Financial Reporting Standard 102., The Financi81 Reporting standard applicable In the UK and Republlc of Ireland (United KingdorTI Generally Accepted Accountlng Practlc81. Company law rp.q uires the truslcos to prepare ftnaficial statements tor each financial yoai which gSve a true ond fair vlew of tha state ot aflalr8 of the church end of the Income and expenditure, of the church for that perlod, In preparlng the8e flnanolal 8tatement8, tho trustaes ar8 required to.. se18¢t 8Ultable accountlng policios and then apply thom con8lstentlyJ observe the methods 8nd prlni;Iple8 In the Charitie8 SORP,, make lu(IRmontS 8nd accounting ostimale% that ere rp.asanable arid prLid8nt,' 8tat(4 whether appllGable UK Accounting standards have been followed, 8ubjeLt to any matorial departures dlsclo8ed and explalried iri the flnancial statemcrits, tand prepare the tinancial statements on the golng concern b8sls unless it is inapproprlate to presume that the church will continue in operatlon. Th8 tru8tees 8r8 responslble for mainlalning proper occounting recard¥ ich dlsclose wlth reasaneble 8ccur8oy at any time tho fln8ncial poyltlon ()f thv. church and enablo them to en8ure tli8t tho flnEncl81 sttjtoments complywith the CorripRnie.g Act 2006. They Ejre al.80 r8ponlbltt fnr .8afegugrdirig the oiyset¥ of thw church aiid hence for taklng reasonable Steps tor the prevention 8nd dete¢tlon ot fraud and othei Irr8gularitSe8,
INt)EPENDE¢+JT AUDITORS, REPORTTO THE MEMBERS OF ABOVE BAR CHURCH (Company limited by guarantee and not having a share capital} We have dudited the Ilnancial staternenis of Above Elar Church for the year ended 31 Mah 2024, whlch comprlse the Statement ol Flnantial Acthjltles, Balance Shept, Cdsli Iluw Statement and the related notes. The flnanclal feporting fidm¢work that has been appllod in thelr preparatlon Is appllcable law and Unlted Kingdom Accountln8 Standards Including Flnancial Reportlng Standard 10?: The Flnancl31 Reporting Stdndard applltable to the UK and Republ1¢ of Ireland Iunited KinKdom Generally Accepted A(counting Praclkel. In ouraplnl(Jn, the finandal 5tatement5.' 8ive a truo and falr vlew of the state of the charltable compan¢5 dffalrs as at ai March 2024. and ol It5 Income and expendlture lor the YPdr elided., have been prrtpe.rly prepared In accordance with Unltp.d Kin8dum Generally Acrpptr.d Accounting Praclfce,. and have been prvpared in accordance with ihe rÈqulremenis of the Companle5 Acl 2006. asls of opinloh We conducted our audlt In accordan¢e with Internatlonal Standards on Auditlnp. IUKI IISAS IUKII and appllcable law. Oijr Yesponslbllltles under tho%e. 8tandard% are further descrlbed in the Audltorfs responslbllltles for the audlt of the flnanclal statements seLtlon ol our report. We are Independent of the charltable r.omp¢*ny In 8c¢ordance wlth the ethltal requlreme.nt5 tliat are relevant to cjiir 3udlt of thLJ Ilnanclal statements In the UK, IntludlnK the FRC'S Ethical Standli rd, and we lidVQ lullllled our other IIIiL(Il responsiblllt105 in accordance with these requlrements, We belbeve thdl the audit evidènce v4e have obtalned Is sufflc5ent ,Ind appioprlate to pravldp a basls fnr uur uplnlon. Emph8515 ol m8tter Wo drJw your attentlon to tlie n)ethodolo8y used for e511matlTrg d()natSons In kSnd ol stock Into and out of rhe charity TelatlnB to the Hbg Difference prr&lect. descrlhed In Noto 1111. In ¢>Lir audit work we concluded it wa5 approprSate to roly upon the chcirltablc company's records lor don7 tSon5 Out nf %tor.k. The flRiJre for donatlon% In Is dr.rlvv.d Irom dandtions ii dju5ted fur movemp.nts on openlng and tloslng Siuik. Due tu the hl8h volume of movpments of f()od through the proloct, we were un41blo to verify the strlLt ar.ciJrdLy ul tlie stock out records, but have no reasnn t(J bellcvc they are Inaccurate. It Is our vlew that any mlsstatement In donation5 In klnd does nat materlally impJLI Ihe rp.vliiW ol activities carrled out durlng thp ypar pros(Iiiled Lo the. redder nl the Ilnartclal stateinents. Our upinlonls not modlfl•.d In resptstt af thls matlpr. Concluslons relitlng to golng concern In Hudltli)g tho linanclal statemonts, we hove concluded that the itU5tees' use uf the 80Sni conceTn basls ol ac¢ountln8 in the preparatlon of thc flngnclal siattm(4nts Is approprlale. Based nn tlie work we ha performed. wè have not Identllied any materlil unc.p.rtalntles relatln8 io Évents or conditions thit, Indlvidually or collecllvety, May Last sl8nill¢dnt doubt on the charltable company's ablllly to contlnue ?5 a lolng concern ltsr a perlod ol at leasr 12 months from whell tho linanclal statefnenls are authari5ed lor Issue. Our responslbllitles and the re5ponslbililie5 01 the trustees wlth respect to golng concern are descrlbed in th¢ relevant sectlons of thls report. other InformatSon The trustees dre responsible for the otlier Information. The other Inlormdtlon cornpri5e5 ihe inforinalSon includEd In the annual Teport other than the flnane.lal stdtoments and our auditor's report thereon. Our oplnlon on the flnanclal statemvnls dues not cover thp otlier Inlorniation and, except to the extent otherwlse explicitly stated in our report. we do not express any lorm of assurance conc.IiJslon theTÈon. In tonnectlon wlth t)ur dudit of the Ilnancial statements, oui respon51blllty Is to read the other Informatlon and. In dolng so. consldor whether the other Inlofmation is materially inconslstent wlth thè ftnanclal statements or our kntswledRe obtalned In the audlt or otherwlse appears to be malerlally mlssldled. If we Identify Such material inconsistencles or apparent material mls.4tatements, we Jre Tequired lo dLtermino whether there Is 2 materlal mlsstatement In the fliiancial statements ar a matorial mTrsstatement of the other ihforfflation. If, based <]n the work we have performed. we tonr.lude that there Is a material mlsstatement ol thi5 Other Informatlon, we are requlred to report Ihat fact. We have nothing lo report in thls regard.
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF ABOVE BAR CHURCH
Icompany Ilmlted by guarantee and not having a share capltal}
Oplnlons on other matter5 prescrlbed by the Companles kt 2006
In our oplnlon, based on the work undertakÈn in the course of the 3udlt'.
the Infomiatlon glven In the tru5tees' report forthe financial yearfor which the financlal statements are
prepared 15 Consistent wlth the Ilnan¢lal statements. and
the tTUStees' report h85 been prepared in accordance wSth appllcable legal requirements.
Matters on whl¢h we af8 requlred ta r8port by exceptlon
We have nothing to report In respect ol the. lollowlng matters in relatloft to whlch the Companles Act 2006 and the CharSllos
(Accounts and Reportil ReRulatlons 2008 require us lo report to you If, In our oplnlon..
adequate accountlng records have not been kept or returns adequate lor our audlt have not béen recelved from branches
not vlsllvd by us;
the flnancliil
INDEPENDENT AUDITORS, REPORTTOTHE MEMBERS OF ABOVE BAR CHURCH {Company limited by guarantee and not having a share capital) We assessed the susceptlblllty ol the charliable company's flnanclal statements to rnaterlal misstat¢menL Indudlng obtalning an under5tsndiii8 ol how fraud mlght occur, by maklng enquiries of managen)ent as to where they considered there was susceptlbilitv to fraud, thelr knowledge of actual, suspected and alleged ftaud and ccbnslderlng the Internal controls in pla¢e to mltigate risks ol fraud and non-complrdnce wlth laws and regvlatlons. To address the rlsk of fraud throu8h manaKement blas and override ol contmls, we performed attalytlcal procedures to Idenllfv any unuwal or unexpected relatlonshlps, tested Iovrnal eiitiles to identlfy unusual traDsactlons and ITWestSted the ratlonale behlnd slgnlflcant oi urnusual transactlons. In response to the rlsk of Irre8iilarltles and non.ctsmplSance wlth laws and regulailons, we d¢sl8ned procedures which included, but were not Ilmlted to.. agreelng Ilnanclal statement dlsclosurp5 to undeilylng 5UPPOrtln8 dtxumentatlon; rEadind the rnlnure.s ol rneétlnBs of those ch&r8ed wlth ¥overnance,' and enqulflng ol mana8emenr a8 to actual and potential litl8atlon and clalms. Thèie are Inhei'ent Ilmltatlnns In aur audit procedurE5 descrlbed above. The more removÉ!d ihar laws and re8ulatlong are from ftnant111 iran5aclioiis, thp less Ilkely It 15 th3t we. would bo¢ome awire of non-compllance. Au441tlnE Standards a150 Ilmit the audlt procedures required to Identlfy n()n-corripll8ncp wilh laws and regulatlnns lo onqulry ol tlie trustees and other management and tho Inspectlun ol re8vlatory and legal corresP()ndence,11 any. Materlal mlsstaternpnts Ihif t arlse due to fraud tan be hardEr ro delEct than tho%e that arlse fmm error as they may Involye dr.lilJerat<! c¢)nee.alment or Lolluslon. A furiher de5¢ription of our respuiislbillt¢p.8 for the audlt <)1 ihe fln(Inclal stalementsls located on the Flnanclal Reporllng Councll'5 website at-. www.lic.org,uk. Thls d25CTlPtion forms part i)1 our hiJ(IItOf'S report. Kniyht Goodhead Llmlted Is p.Ilglblc for appoinLment as audltor ol thp charltablL' cnmpaiiy by virlue of Its eliRibillty f<)r app(Jlntrnont as audltnr of a CorpanY ui)der sectlon 1212 of the Lornpanles Act 2006. Use of our report 'rhls report Is made solÉly to the chafllable company's members, as a bndy, In accord¢ihce wlth Lhapter 3 of Part 16 ()f tho Comydnlps Act 2(6. Our audlt wnrk lias beeii undertake.n 50 that we miEht state to the charltal)le ccnpaiw'.4 rriembers tl)ose matters we are requlred to stale to them In an audltor's report and for no other purpose. I"0 the fullest extp.nt permltted hy lilw. we dn nol iittept or l %5ume responsibillty to anyone other than the charlt.able Company's meinbers as a body. for uui audit work, lor thls report, or for thp oplnlon% we h?ve l(Jrme.d, CI GOODHEAD FCA Senior statutory Audltor For and on behalf of.. KNIGHT GOODHEAD LIMITED, Statutory AudStOf and Chartered Attauntants 7 goumemouth Road. Chandler's Ford, Ea$tlelgh, Hampshlre, S053 3DA Knl8hl Goodhead Llmited Is ellglble to act as an audltor In terms of 5ectlon 1212 01 the Companies Act 2006. 10
ABOVE BAR CHURCH Icompany limited by guarantee and not havlng a share capitall STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 Ilncluding Intome and Expenditure Account) Re5trlcted funds Unrastricted funds TOTAL 2014 TofAL 2023 Notes INCOME Donatltsns and le8ades Charitable actlvltles Investmènt Sn¢ome 587,405 730,491 14,824 37,481 1,317.896 14,824 49,Q41 1,633.642 19,662 26,642 11,560 TOTALINCOME 598.965 782,796 1,381.761 1,679,946 EXPENDITVRE Gen¥i41 mlnl.qtrv NalionalllnLL'rnatlunal MIssiohS LoLiil missions IncludSng soclal actlon Formatldn School ¢.hlldron, Youth and students 11,420 19.b15 638,125 son 6,407 475,407 123,341 743,553 ?..4,624 276,595 337,185 121,Y28 811,-101 23,147 278,3'1Y 103,726 105,428 270.11111 Tvliil charitable expendlture 676,067 966,453 1,642,52U 1,572,340 Refresh biilldinR expendllure 569 569 234 TOTAL EXPENDITURE 676.636 966,453 1.643,089 1,572,574 Revaluati(Jn uf investrnonts 86,685 150,0(YJ NET INCOMEIIEXPENDITUREI FOR YEAR 9.014 1120,3121 {111,3281 107,372 Transfers between lunds NET MOVEMENTIN FUNDS 9,014 1120,3421 IliiJ281 107.372 Fund balances èt l Aprll 2023 449,101 2,454,480 2.51,531 2,796,209 FUND BALANCFS AT 31 MAACH 2024 458.115 2,334.138 2,792.253 2,903,581 The Statement of Flnanclal AclivlUe% Intludos all 8ain5 and losses recogn15ed In the yeaT. All IncomSn8 resourS and $oUrceS expended derive from continulng acllvltles.
ABOVE BAR CHURCH (Company limited by guarantee and not havlng a share capital) Company reglstratlon number 06959469 BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Notes FIXED ASSETS Tanglble assets io 1,612,006 2.089,466 CVRRENT ASSETS Current asset Investrnents stock Debtors Cash at bank and In hand io li 600,0(KJ 40,922 280,287 288.969 1,210,178 31,887 69,023 778,218 879.128 12 CREDITORS.. arnaunts falllTh8 due wlthln one yecir 13 129,931 IGfJ,0131 NET CURRENT ASSETS 1,180,247 814,115 TOTAL ASSETS LESS CURRENf LIABILITIES 2,792,253 2,903,581 NET ASSETS 17 2,7Y2,254 2,Y03,S81 FUNDS Restrlcted funds Unrestrlcled lui)ds lieneral Unre51ricted fvnds Desl8nated 15 16 16 4S8,IIS 517,996 1,816,142 449,101 2,350,715 103.765 TOTAL FUNDS 2.792,253 2,903,581 The accounts have been prp.Pafed In a¢cordanco wlih the spocial provlslons relailn8 lo small companle5 Wlthln Pfllt 15 of ihe Companle.s Act 2006. Approvèd by the CntIl of management on and slgned on Sts be.hiilf by A.SIMES 12
ABOVE BAR CHURCH (Company Ilmited by guarantee and not having a share capltal} CASHFLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 2014 2023 Notes NET CASH FLOW PROVIDED BY OPERATIN6 ACTIVITIES 1fj38,2901 104,840 CASH FLOWS FROM INVESTING AcnviTIES Interest recelved 10,357 4,188 110,8341 22,454 Flxed a55et addltlons Rental IoMe 38,684 NET CASH FLOW 1489.2491 120,648 Chan4è In Cash and ¢ash ¢qulvalents In Ihp. perlod 1489,1491 120,648 Cash and cash equlvalents at start of the perlod 778,218 657,570 Cash 8nd cash equlv¥lents at the end of the pèrlod 288,96Y 778.218 13
ABOVE BAR CHLJRCH {Company limited by guarantee and not having a share capit31} NOTES TO THE CASHFLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 RECONaLNTION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 1023 otes NetIncomellexMSej lor the year Interest re£elved 1111,3281 110,3571 138.6841 27,460 1211,2641 135,0821 19,0351 1150,0001 107,372 14,1881 122,4541 17,805 16,4081 27,981 125,2681 Rental Income Depreclation Ilncreasevdecrease In debtors Increaselldecreasel In credltor5 Iliicieasel In stock Revaluatlon ol Inv8Stmént property Nel cash flow from operatln8 acilvltSe5 1538,2901 104040 ANALYSIS OF CASH AND CASH EQUIVALENTS 2024 2023 sh at b8nk and In hand 288,969 778,218 14
ABOVE BAR CHURCH (Company limited by guarantee and not havlng a share capital} NOTES TO THE ACCOUNYS FOR THE YEAR ENDED 31 MARCH 2024 AccouNriNG POLICIES al Basis of accountin¥ The Ilnanclal statements have been pieparÉd in accordance wlth Accounting and Reponlng by Charltles.. Slatement of Recommended Practice appllcable to charitlo$ preparln¥ thelr acwtsnts In accordanc¢ wlth ihè FRS 102 leffectfve January 20191 and the Companles Act 2006. Tho charity meets the definltlon of the publlc nefIt eThlSty uiider FRS 102. Assels and Ilabllltles are Inltlally recognlsed at h55torlc31 cost or transaciioii value unk&.ss otherwlse slatvd Iii the relevant accountlryg pollcy note. Under FRS 102 the valuatlon of thÈ ljulldliig al l Aprll ?OIS Is regarded as the deemed cost. The accounts have been prepared on the. golng cJ)nttrn basls. Al the tlrne of appron tho Ilnancisjl statements, the trustees have ieasonable expoctatlon tl)ot the chiJr¢h has adequJto re%ourevs to continue In operatlonal exisience for tlie ftsreseeable future. There dre no rnate.rlal untertaintles about thp. charlty's abillty to conllnue. bl Income All inLomo 15 IncliJd¢d in thé Stdtement of Flnanr.ial Actl¥ltles when the charliable coinpat)v is legLilly entltled to It altei aliv perfnrmance condltlons have been met, the amourits carn be measured reliably and It15 Prnhable that Income wlll be. recp.Ived. The followlng 5peclllc pollcies are applSed its paYtlEular categoi'5es of income.. Cash don¢ltlons are reco8nSsed on recelpt. Other doiiatlons arp recognlsod oiice thii cliureh has been notllled ol ilie donatlon, unle.ss pprformace condltlons requlre dèferral of thg. amounl. Income LAX recoverablè relation to donJtior15 under gllt ald Lir dee5 of L(wcnant Is rpcognlsed Elt the tlrne ol the d()nAtlun. LaCleS are rpcoEnlsed on recelpt or otheiwl%ib If the. Lhurch has been iiatllled ol an ImpondlnK dlstrlbution, the amnunt is known and the rece5pt Is ¥.xpeLted. 11 the amount Is not known, the leg8cy IE treatrd as a contlngcnt 355et. Income frnm ch47rltable dCtSvltles liiclijdes incomp from Llie sale of gonds and servSces as part of the charitable actl¥5tles ol tho charlty. lThLome from the sale ol goods Is rocognlsed when tlie 55gnlflcani rlsks ¢ind rewar(ls ul ¢iwnershlp are transferred to the buyer, Ini.'orne from the supply of servlces Is recogn15ed wlth Ihc d¢livery ol thllt servlce, Grants are reLo8nlsed on re.e.elpt, unless performance condltlon5 r*quiro deferral of the amount. Thè value of donated goods Is recognised wllhln donatlons when recelved, wlth an equlvalent imount roco8nlsed as tharltablè expendlture, dfter adlustlng for the value of slo¢.k. cl Expenditure Expenditii¥e Is recognSsed In the pprlod In whlch It Is Incurred and allocated ro the partl¢vlar cost centre to vthi£h they relate. Expendlture Indudes irrecoverable VAT. Direct Casts attrlbutlble to a single actlvlty are alkjcated dlrectly to that actlvity. Shared costs (including support C05tsl whir.h contrlbute to more than one actIty afe apportloned between those acliwtle5. Method5 of apporttonrnent include lime and usage. 15
ABOVE BAR CHURCH (Company limited by guarantee and not havlng a share capital) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Icontihuedl dl Tan8lble Ilxed assets Tangible. lixed assets are Inltlally measlld al cost and subsequently mebsured at cost or valuation, net of depreclatlan and anv irTipairment1osses. TanOble (Ixed a55ets costln8 more than £l.¢)00 are caplt3lis•d and included at cost. The church elected to use FRS 102 tran51tional provlslon contalned In sectk)n 35.10 t of FRS 102 meanlnu that the freehold lènd and bulldln¥s are shawn at deemed cost based on a professional valu*tlon undertaken on the date ol transltlnn11 Aprll 20151. Land and bulldlngs are made up of two propertlos wllh dlffereTht chararterfstlcs. One Is d c¢mmercial property over 4 Iluors whlch houses thè ¢hurch and assoclatÈd ofllcos. The other Is a resldentlal property known as'fhe. Mayflowers, thè church Inonse, The thurcl) bullding le%cludlng landl Ss deplèclatod over the r¢malnlng terms of the lease ¢n a stiai8ht Ilnè bas15, The 150 year lease wa5 8rantpd In 1981, HLxvew.r, the thurch man5p, 'ThÈ Mayflowors, Is nol depreclated. The tru8ieps have. made the decislrtn lo Sèll ihp manso and the properly has thcrefore bp.en trdllslerrv.d to curvent asset Investment5 and revaluod to lalr valup.. L)epreclation Is provlded on f5xed 355ets Iwlth thE exceptlon ul landl to spread thp c05t over the Qstirnèted useful Ilvps tsf the relevanl a55ets at the follnwlng rates.. Bulldln Church mAnse Flxture.%, tlttln85 and g.quipmenl Stral8ht Ilne over the term ol the lease Nnt depreclated 10-2.5% sLral8ht line Thp galn nr10ss arlslnR on the dlsp05al tsl ()n iisset Is deleTmlned as thp dlffpreiice betwov.ri the sale5 proce.pds and the Cdl'rying valu¢ of the asset, a% Is recognlsed In the statement (Jl Ilnanclal IT cilvities. el Currpiit asset Invp51ments Cuffent aslet Investmp.nt5 are held ai lalr value. Slo¢ks Stock ol books Is held at cost, ThÈ stock of donated food and 8ttods for dlstrlbutlon have been estimated based uptsn the Trussell Trust Ilndustry standard) recommendation ol Ik8 of donated goods being equivalent tts £2.37. Qonatlons in klnd ol food and good5 glvtsn away (shown In Noie 7 as 'Bi8 Difference gllt5 in klnd l are based oli record5 kept by Tho Blg DIfF0rnce tPdm during the year, valuod usSng thoTrussell Trust method a5 abuve. The flgure fof Glfts In Kind Income, shown in Note 3, represents food and Bood5 donated Into the church lor The Blg Dlfferpnce. Thls figure 15 derived from donatlons out, adjusted lor movements on opening and c1051n6 Stock. 16
ABOVE BAR CHURCH (Company limited by guarantee and not havlng a Share capitall NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Icontinuedl ol Cash and cash equlvalents Cdsh and cash equivalent5 Include casli in hand, deposTrts held at call wlth banks, other shorr terw Ilquld investments th orlginal maiuritles ol three months or le5S, dnd bank oveidralts. Bank overdrafts are shown wlthln borrowlny In curfent liabllliies. h) Flnanclal llls(rumont5 The church has elected to apply rhe prov5slons of sedlon 11'8aslc FSnancial lrtstrump.nts' of FRS 102 to all ol Its Ilnanclal Instrurnfints. Flnant.lil instruments are rècognlsod In the ¢hurch's balltnce sheet when the church becomes party to the ¢gntrdLtual provl.slans of thd Instrument. 11 F.mployee beneflts Where materlal, the crJ%t ol any unusvd holiday entltlement Is re¢ognlsed In tho perlod in whlch the employee's services were received. 11 Lo.a5QlS Rentals pald underoperatliiu lease% are c.Iwryed to the Statement of Flnanclal Activltle5 on a stralght.llne bJ.sls over the lease term. kl Penslon contrlbutlons The charitable r.ompany partlLipate.s In a d¢[ITrd contribLttlon pen%lon scheme. Contributlons arp. char8¥d to the Statempnt of Flnanclal Activllles for the year lil whlch they are payable to the schemp. 11 Fund accountln unds held by the ch3ritHbl¢ cornpany are elthèr.. Unrestrlctpd general lunds Fund5 whlch can be used In accordance with the charllablp. oble¢t5 at the dls'cretlon of the tru5tee5. Funds Set aslde al the discretion of tl)e trustees lor specltic future purposes. The PUI"P05es and useb ol tlie. designated funds drp. >el nut in the notes 1¢ the accounts. FuDds that are .subje.cL to sper.lllc candltlons by donors as to hpw they may be used. The purpose5 and usesof ihe restllC(Lyl funds are set out In the notes to Ihe accounts. De51gnat*d funds Restrlclfjld funds LEGAL STATUS OF THE CHARITY The charltable ¢.ompany wa5 incorporated on 11 july 2009 In England and Wales and w35 re8lstEred on 12 August 2Q09 wlth the charlty Commlssion In Eii8land and Wales. The Charlty Is a publlc benefit entstv. The re8lStered office of the charlty 15 Above Bar Church. $9 Above 8ar Street, Southompton, 5014 7FE. The charltable companyrs lirnlled by guarantee and has no share capltal. The Ilablllty of each memher In the event of wlndlng-up Is limlted to El. 17
ABOVE BAR CHURCH (Company limited by guarantee and not having a sharÉ capitsll NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 DONATIONS AND LEGACIES RestYld•d fund5 Unrestylcted funds TOTAL 2024 TOTAL 2023 Donatlons and glfts Legaclp.f recelvJble Grant5 587,40J 714,066 1,301,471 16,425 1,46S,789 82,080 85.773 TOTAL DONATION5 ANO LEGACIES 587,405 730,491 1,317,t196 1,633,642 DONAfioNS AND GIFTS RÈstrlcted fund5 Unrestrltted fvnds TOTAL 2024 TOTAL 2023 Re8ularofferln85 and donatlons spo.clal deslgnated and oppeals Sundry duiiiltions Gilt iild rec*lvable Glfts In kSnd 66,046 575.784 23,342 3,128 111,812 641,830 23,342 7,906 115,324 513,06q 657,985 35,718 11,257 121,629 639,2Th) 4,778 3,512 £13,069 TOTAL DONATIONS AND GIFTS 587,405 714,066 1,301,47J 1,465,789 CHARITABLE ACTlVI'fES Reslrlcted lunds Unréstrlcted funds TOTAL 2024 TOTAL 1023 Formatlnn Schnal Youth and Student iii('.ume Ilook, lalr tiade and audlo sales 4,?.60 4,260 3,203 7,361 .115 5,700 5,847 7,361 TOTAL CHARITABLE ACTIVITIES 14,824 14,824 INVESTMENT5 Re5trlctèd funds Unre51rlcted funds TOTAL Z024 TOTAL 1023 Aental income Interest recelvable 11,560 27,124 10,357 38,684 10,351 22,454 4,188 TOTAL INVESTMENT INCOME 11,560 97,481 49.041 26,642 18
ABOVE BAR CHURCH (Company Ilmlted by guarantee and not having a share capital) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 STAFF COSTS 2024 20Z3 Salaries and wages Soclal securltycosts Penslon contrlbutions 440,934 28,646 30.199 348.530 21,662 24,564 394,756 499,779 Induded In 5¢aff Custs are £30,142 of Oli DlTrrence slafflng expendlture, shown In the"018 Ofjfference expe.ndlture" Ilne of Note 7. The chur¢h operates a deflned ¢ontrlbuilon penslon scheryie for all quallfylng ernployees. The assets of the Scheme are h¥ld separately from those Of the church In an Independently admlnlstÈr8d fund. At the end uf the year there were oulstandlng penslon contrlbutlons payable of £4,778 {2023.. E2,7241. The totiil ponsion c05t charged to the statement ol flnancial a¢ltlvltle5 In theyearwas £28,79112023.. £22.1941, No employees recelved emoluments excecdlh8 E60.C4XI durlng thls or the prlor year. Key management pèrsonnel recebJ*d total remunerallon of £116,32112023.' £65,8651. The 8veraBe numberol pmployeos durlng the arWaS as follows: 202AI 2023 Number Number Church mlnlsters and workers Admlnstratlve support 16 23 20 19
- r ¢n r4 fri
- ID li
r4 1151511111-
A80VE BAR CHURCH Icompany limite_d by guarantee and not having a Share capital) NOTESTO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 SUPPORT COSTS Support fjov¢inance Cost5 Costs Total 2024 Tot81 2023 Staff costs Depreddtlon Olflce expenses Telephone and Inlernei Computer costs Mayflower runniii8 cost5 Cleanlng Llght heal and water In5UF311ce General repalrs gnd malntenance Churth website and CDmmunlt&tlons Sundry church expenses Audlt lert% Atcouniancy Legal and prule5slonal Bank char8PS C.nnsiJltanc,y 146.623 27,4fil 8,214 5,831 10.175 4,304 33,407 33.095 .5,437 150,297 394 8,272 146.623 27,46 8,214 5,831 10,175 ia5,034 27.805 9.124 7.154 10,427 9.951 25,567 29.76S 5,887 108,242 1,76.4 711 4,033 4,620 2,125 2.205 g28 33,407 5,437 150,297 394 8,272 5,34 4,620 25,856 1,53S S,340 4,620 25,1156 1,535 433,509 37,451 470.860 362,241 Inc1ud¢d wllhln audlt èiid accountancy above are amounts due to thp audltor5 In rtlaiion to thd iiudlt of £5,340 arKI £4,620 lor other work. Indudvd wlthiri dudlt feè5 Is f.1,3?O pHyable to the pre0$ ¥udltors12023.. r5,8401. 22
ABOVE BAR CHURCH (Company limited by guarantee and not havlng a share capital) NOTESTO THE ACCOUNTS FOR THE YEAR ENDED31 MARCH 2024 GRANT5 PAYAOLE Natlon41 Lo¢a5 mlsslon Internatltrnal Includlng M15slon sa¢l•l 4¢tlo Toial 2024 Total 2023 Grants to Instltutions: Donation5 to MISSIary oan1$allOnS Oe518nated offer4S re.. Special appeals 24,515 9,446 33.961 24,515 23,463 47,978 13,540 41,085 54,625 14,017 14,OJ7 Rigular church support to mlsslon poitners 64m8 64,048 83,239 98,(K19 14,017 112,026 137,864 Glfts over£l,OOD per Injtltutlon are A$ follows,. 2024 202Y CAP Wuodl?nds Communlty Collo8e Frlonds Internaonal UCCF Open OOOTS Esperania Vlv Safe Fzmllles South8mpton Clty Mlsslon The 818 Dlllercnce 1,025 5,000 5,000 5,087 4,J59 5,087 4.) Jf9 4,3 Jf9
ABOVE BAR CHURCH (Company limited by guarantee and not havlng a share capital) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 TANGIBLE FIXED ASSETS FlxtUfe5, Ilttln8J and equlpment Land and 8ulldlrh89 Tolal COST At beginnlng DI year Addltlons Transfer lo currèi)i assèt Inveslrnents At end ol year 2,105,947 210.168 2,316,115 1450,0001 1,655,947 1450.0001 1,866,115 210,168 DEPRECIATION Ar beilnnlii¥ of year Char8e forthe year On dlsposals At en¢J ul y#4r 9U,277 12.916 136,372 226,649 27,460 IOJ,IY3 1.50,916 254,109 NET 8OOK VALUI At eiid uf year At be8lnnlng ol 1,5S2,754 2,015,67Q 59,2.52 1,612,(YJ6 2,089,466 73,796 The freehold land and bulldlnBS belon£lnL lo tho Church werv revaluEd by Marle Newrnan B5¢ (Honsl MRIC5 of Vail Willlatll5 at tlbe ddl(* ()1 tr8n%ltlnn to FR$ 1112 11 Aprll 20151. Ihe church elected to use th15 valuation as the deemed cost ol these prow.Illes on the transifional diile In accordaiirv wlth Ihe tran8ltlDnxl iJrnvl%lnn r.ontiylnp.d Iri SPf.Ilon 45.to Icl lif FRS 111?. The frp.•.hold slle ol Ihf. Abovo Bar Church Is owncd by tho church. A Iciose dated 24 March 1981 was orl8lnally granted to the Royal Insuri7nce Company lor a term of L50 yp.ar5 at a current gr¢)UDd Teiit of E1A,fJ?O PLir annum. The. Ip¢15C Is now held by M J Mapp. rhe chlirrh have bep.n rrèntéd undp.r lo.ase to the premlses fora slmllar torm at a pepper¢om rent. The frep.hold Churcli Monso. 3 The Mitylliiwpis, arqulred durlng 21K)S1(, Is owne.d is follows.. Above Bar Church Iggnv.r?L I fijndl The Katlierlne Rose Tebbult Trust 42.21% 57.79% The yruperly was used as a fhuw.h Manse untll the Autumn of 2022 . Tht tharlty made the d?clsion to sell ihe property ai)rt contracts were exchanced In Summer 2024, TIIB ill•nsp has thorelore betrn revalued from É45n,000 to d lalr value of E600,000 ènd Iran.%lprred 10 current a5%et Invostmeiits. li srocK 2024 2023 Food and donated goods for dlstrlbullon Goods for rE¥le18ook5talll 34,386 6,536 40,922 25.568 6,319 31.887 24
ABOVE BAR CHURCH (Company Ilmlted by guarantee and not having a share capltsl) NOTES TO THE AccoulS FOR THE YEAR ENDED 31 MARCH 2024 12 DE8foAS 2024 Z023 Tiade debtors Other debtors Prepoyments and accrued Sncome 10,384 245,309 24,594 280,287 4.703 31,231 33,089 69,023 Included ¥thI other debtors Is £20,000 due fvom J Webber. Fallowlng hls reslBnatlan as a church mlnlstpr In 2020, tho loan Is repayable on Ihe solo 0188 Anglesea Road, Southampton. S015 5Q5, or by july 2025, whlch•or Is eartler. Durln8 thtr year, I gerry. mln15ter, was loaned £213,750 t¢ ¢nèble hlm to purchase as property. Thls amount 1$ Interest free and Is dtsè t b? repald In more thjn ane year. 13 CREDITORS: Imounts fèllln8 due wlthln one y•ar Z024 2021 Tr¥do creditors Other credltors Ar.cmals and deferred Incorne IOA64 3.778 15,689 29,931 28,007 2,724 34,282 14 DEFERRÈO INCOME An element ol grant Income re<elved by the charlty durlw the yesr hii deferred as Ir relates to latÈr accwJnlln8 pork)ds. Tho movement In the ycor Is detalled below,. Income deferred In yaar to 31 March 2024 Amounts roleaspd from ptrevlou$ yp.Hr Nei muvernent to Iniorne (J6,6701 116,6701 25
ABOVE BAR CHURCH (Company limited by guarantee and not havlng a share capltall NOTES TO THE AccouMfs FOR THE YEAR ENDED 31 MARCH 2024 FIESTRICTED FUNDS Balahtè at l Aprll 1023 Balèn¢o al Trdll5fer Revaluallon 31 March 2024 INome EKpendllure Formatlon School 8ur5Jiles lund The Katherine Rose I'ebbutt Trust fund M£rk Drama fund Refresh Bulldlng fund step Trolncesnralnlng fund Big Oreaklast Central l.ove Southampton BIK DIMete Connoct 851 260,356 4b",520 6,816 407 188 Ll,Sfy11 10,928 4.913 15001 12,711) 119,6151 15691 16,tK171 5JY 355,890 37.83.1 11,160 86.6A5 3,000 21,624 t03,818 8,709 111,6741 1626,4511 18,7091 562,376 39,743 449,101 598,965 1676,6361 86,6RS 458,115 Formollon S¢hoolPursorlesAund Thls lund conslsts ol bursarles rLcLived for Formatlon School and related schoul The Kotherlne Rose febbvtt Trustliind Ihls fund rel8t¥.S to i I11¢Y fr#m the Istaié of Katherlne Rose Tebbutt Ideceaso.dl, whlch left propèrty ta tho church. The hlstorlE value olthls lund represents the 57.79% Intre%t in tho church maiiso. moyeme.nis re.lètp to réntal Income. lind costs. DAorlt Dramafvnd A tund to spread the dramatic presenlation of Mark's tsospel ovany,ellslc piirpn5e.s in tlw. (IK alld iirvund thc world. RtJresh kyulldlnqfvnd Thi5 lund represents donallons speclflcally 8lven to iniprove aiid r•furblsh parli of the biilldlng and expenditure un thiswork. Step Trolnefsnmlnlng Jund A lund to support and provlde training In a speclllc mlnlstry area. In 202?-73 the fund Incomtt Inr.IiJdp.d 47 grant DI É3,500 frorn FIEC to fund tralnlnA, thls 8rant was spÈnt In 2023.24. breakfvstCentMI ThL% Is d grani Iiom ihe GF Macaulay Charitable Trust which stlpulates that rhe lunds can only be sppi)t on the 818 Breakfast Cntral mlnlstry. love Southurnpton This fund Is uspd to work on the"Love So¢Jthampton" inltlatlve whlcli invol¥es a broad range ol churches In Soiitharnpton. Blg DIMerekK8 Tlii5 fund Is use.d far a f<)r)d rpdi%rrlbutlon project selvlng the cummunlty of 5ourhampton. Ihe alg Dlllere.nce. de5iEnated fvnd wos transf&rrÈd over to th15 restrlcted funrf in ?022-23. The bolance on the 818 Difference lund Is c()mprlsed ol both stock ol donated goods and Cash. Connect Th15 fijikl Is used to employ the Connect r.nordlnator at the church, 26
ABOVE BAR CHURCH (Company limited by guarantee and not having a share capltall NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 16 UNRESTRICTEDFUNOS At l Aprll Z023 At 31 March 2014 Trartsley ot Revaluatlon fund5 Income Eypgndlture Connect fund Oook&tall fund Rotsf fund Speclal appeals fund LeEacy fund mlsslDns partners Property 13wial ltsnd Mlnlsterlal loaii rotal desnated lund.% 3,876 13,661 48,S95 7,536 30,097 14551 16,1151 132,08SI 129,ISII li0,0> 112,9161 3,484 13,699 7,153 11,0001 iio,0001 27,993 6.348 19,597 I,SS2,754 213,750 1,816,142 1,56fi,670 213,15 1.768,420 105,76S 35,209 191,2521 Gonefal fvnds 2,350,715 2,454,480 747.587 1875.2011 11,768,420) 1966,4531 S17.996 2,334,138 Total uniestrlcted funds 78?.,796 63,315 Contjetrfvnd Th15 fepresenls th# inonlE5 relatln8 10 ihe ovèr 50,5 Kroup attlvltlps. IN.8. In the 202.4 atcaunts thls WAS releired to as th• Cameo Fund. tht previou5 narne for th1% mln15trv.I ooksitYllfuMtl This repr#5enls the b(bok5tall actlvltle5. RooAlund Munles were trinsli'.rred to th15 fund In ?.D?.?-23 to cover proje.cted tosls over a 3 year period. £10,000 wa5 IrÉitsslvir¥d out represontlng funds sv.t aslde In preouS yeirs whlch were not needed In practice. Spv¢l#l #ppealslumd Th1$ rep¥esont5 smaller spe¢lal deslenaied appeal8 Ihroy8hout the year. such as at lasttrr, Harvest and Chrl$tma.E, for varlous chailrles r nd Indudlnl fundin8 for llvÈrsÈas rnlssional Irlps ènd IncliJde% the correspondln8 8111 Aid clalrn. It15 trÈated a5 a deslgDilted fund ds It15 arded ss parl of the gen4ral work of the Church Jnd t spec111cally restricrod and any Surplus or do.Ilclt IS translerred from thp. 8enerJl fund, Legocy Jund. M1$51on partners Thls rL'sullS Iftrm a leBac¥ Irom Rosemhry MRad Idece•sedl, halF ol vAilch has bè¢*n ¢Je518naled to benelll rni55ion paitners wlth emerloncy needs. Pmyrty copltttl Jund The yroporty capltal fund represents thp. het bttok valu• ol land and hiiildin65. Mlnlsterltsllouo Thls fund reye5enls the amounts loantd to J Berry Iseo note 121. 27
ABOVE BAR CHURCH Icompany limited by guarantee and not having a share capital) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 17 ANALYSIS OF NET ASSETS 8ETWÉEM FUNDS Restrl¢ted Unre51rlcred funds funds TOTAI 2024 Yeor ended31 March 2024 Tangiblo Nxed assets Curreni assets 1.612,Ot 752,9 129.9311 2.334,138 1,612.006 1,210,178 129,9311 2. 192.253 458,115 458.115 IlestrlEted Unresirkted funds funds TOTAL 1023 Yeor ended3J Morch 2Q23 Tèn8lble Ilx•d assets curre.nl asset5 Curront Ilabllluos 260,3S6 197,7¢j9 1,829,110 681,369 165,0141 2.445,4fi6 2,089,466 879,1211 165.0131 2,903.fJ81 458.115 18 OPF.RATING LEASE COMMITMENT5 The company ha5 commltrnents ijiider ¢)perailn8 lease5 whkli fall due ès lollow5'. 2024 20Z3 wiihin one y¢tit r Afi('.r more Ihan one year 4,464 Is,r)?4 20,088 2,396 REIA T'EL) PARTY TRANSACTIONS Theitt was trustee were relmbursed for trxpense5 for a toial ium ol E104 durinR the y•.ar12023: £?.44 to two Irusteesl. Tb• r*latlv•s olone trustee were pald a total ol £1,887 for servtces provlded to iho r.harllY. Durln8 the iirlor ypar, the charlty pald £27.5 Inr advÈit151ng and prornolional cosls io The Evangeliral Alllaiice, ol whlch trustee John Risbrid8er IreslgnÉd 31 May ?.n??.11s a tryi%tÈè. Church mln15térs C Wèbb and J Ri$brid8e.r were also tru$tee8 unill.11 2022. They recRlve.d ioial remuneraii¢)n ol F14,125 durlng the prlor year. J R15brld8er left as an tMploye¢ In Suminer I022. No trustee r?.cpived r?munèratlon relatlng ro thelr role as a trustee. The total amount of donatlons received thout eondltion5 from the trustees and persons connected 10 thÈm amounted to £72,594 12023,. E53,7551. DurlnK the year, the thuich provlded an Interest free loan of £213.750 to l BErry. minstor to inablB hlm to purtha5E a property due to the church manse belng inapproprlate. The loan is repayable In full In 15 year5 and15 Included wlthln debtors. After the balance sheei date, the church entered Into an a8reement lo sell the churili manse to K Dlck. a trustee. The 53le as a whole IlncludSt)g the valuel was agieed with the Charlty Comm15510n. 28
ABOVE BAR CHURCH (Company Ilmlted by guarantee and not having a share capital) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 20 PRIOR YEAR STATEMENT OF FINANCIALACTIVITIES Restrkted Uniestrlcted funds funds TOTAL 2023 Notes INCOME Donalons aod legacles Chadtable actlvltles Investment Income 814,496 819,146 19,662 24,115 1,633.642 19.662 26.642 1,927 TOTAL INCOME 816,423 863,523 1.679.946 KPENDITURE rtharltablt attlvltles General mlnlstry Natk)naI15ntornatlundl Mlsslons Local m1551on5 In¢ludln8 50clal actlon r.orrnaUon 5chnDI Chlldren, Youth and Studp.nt5 tl.017 2,430 701.9L6 Y26,168 IL9,49B 109,785 337,185 121,928 8ll,701 9,193 269,186 278,379 Total charitabk expeiidllvre 724,781 841,JJ9 1.572,340 RelFe5h bulldlns ft¥pendlture 214 234 TOTAL EXPENDITURE 725.015 47,559 I,S72,574 NEf INCOMEIIEXPENDITUREI FOR YEAR 91,408 15.964 107,371 Transfers betwoen lunds 46M67 146,0671 NET MOVEMENT IN FUNDS 137,475 130,ioal 107,372 Fund balance5 al l April 2022 311.626 2.484,583 2,796,?.09 FUND BALANCES AT 31 MARCH Z023 449,101 1,4S4.480 2,903.581 The Statement ol Fillanclal A¢tlvltles Includes 311 g#lns •nd105$8s reeo8nitsd In the year. 29
ABOVE BAR CHURCH (Company limited by guarantee and not having a share capitall NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 21 PRIOR YEAR FUND MOVEMENTS RESTRicfED FUNDS Balance ai l Aprll 2022 Income Empendlture Transfor5 31 Mirth 2023 Forfflatlon School BuarleS lund The Katherlne Ros. Tibbutt Trust luttd Mark Drama fund Refresh 8ulldlng fund Step TraiMeosnrainin8 fund East Fcjod Bank Love Southampton efg Dlfferenc Connect 1,076 260,055 26.49) 1,165 12251 11.6261 12,4JOI 12341 19.1931 Ii,0?51 1141,2J21 1686.6591 19,3911 B51 1,927 22,453 5.885 9,600 825 13.??3 744,410 18,1(N) 260,356 46,520 6.816 407 200 22,633 21,624 103,818 8,709 46.067 311,626 816,423 1725,0151 46.067 449,101 UNRESTAICfED FUNDS At l Aprll 2022 At 31MaKh 20Z3 rrinsler of funds Income Expendlturi Cameo fund 6ookstdll fund Roof fund spp.clal appeals fund 818 Dlllerence Fund LeRacy fund- mlsslori& partTrpis Tor81 (Jv.slgnilted funds 4.619 17431 15,0381 151,4051 141,1151 3,87 13,661 5,800 loo,000 8,191 46,C7 42,412 104,988 146.0671 12.3151 1100,6161 30.097 103,765 46,260 53.133 General lunds Total iinrp.qtrlcted funds 2.379,595 2,484,583 811.263 863.523 1746,9431 1847,5591 IY9,20LII 146,0671 ,350,715 2.454.480