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2022-12-31-accounts

Charity registration number 1131551

CHARLTON KINGS BAPTIST CHURCH CHELTENHAM ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

CHARLTON KINGS BAPTIST CHURCH CHELTENHAM

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees L Theedom
B Rainbow
I Chad
P Adams
T Evans (Appointed 5 March 2023)
S Chad (Appointed 5 March 2023)
J Thorburn (Appointed 30 March 2022)
M Davies (Appointed 30 March 2022)
Charity number 1131551
Registered office 38 Church Street
Charlton Kings
Cheltenham
GL53 8AR
Independent examiner Nicholas J Bishop FCCA ACA
Unit 3 Ambrose House
Meteor Court
Barnett Way
Barnwood
Gloucester
GL4 3GG
Bankers CAF Bank Limited
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ

CHARLTON KINGS BAPTIST CHURCH CHELTENHAM

CONTENTS

Page
Trustees' report 1 - 4
Statement of trustees' responsibilities 5
Independent examiner's report 6
Statement of financial activities 7
Balance sheet 8
Notes to the financial statements 9 - 17

CHARLTON KINGS BAPTIST CHURCH CHELTENHAM

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2022

The trustees present their annual report and financial statements for the year ended 31 December 2022.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the church's [governing document], the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

The church's objects are the advancement of the Christian faith according to the principles of the Baptist denomination. The Church may also advance education and carry out other charitable purposes in the United Kingdom and/or other parts of the world. The church occupies premises which are held by the Baptist Union Corporation on Trusts which are compatible with the above object.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the church should undertake.

Achievements and performance Ministers Report From 1 Jan 2022 to 30 September 2022

Dear Church family

Here is my final report as minister at CKBC.

We began the year thinking about Kingdom Authority and what it meant for us as believers. We also heard other sermons from Kieron, Pam and Paul, John McKie, John Palmer as well as visiting speakers Tim Welch and Nigel Scotland.

Pastoral

Sadly, one of our members Graham Morgan passed away unexpectedly. His funeral was on 11 March and was a very sad and touching occasion as Graham had become a very loved member of our fellowship.

Prayer Meetings continued online and also on Monday afternoons

Easter – we held an Easter craft outreach and celebrated on Easter Sunday with the usual communion service, breakfast and celebration service.

Hillhouse was as is usual a wonderful time of teaching, fun, and fellowship. The theme was “Bouncing Forward” and we had a very informative and challenging session led by Pam and Paul.

Many thanks to all those who organised the weekend.

CK Summer Fayre – we once again had a stall at the fayre and raised £160 for the foodbank.

Buildings – the ladies’ toilets were refurbished and the kitchen was also given an uplift so that it met the legal requirements.

Resignations

Simon resigned as manager from King’s in May. Jess resigned as our children’s worker in June. Kathleen Moore resigned her membership. Richard Woodley resigned as church secretary. All will be greatly missed.

CHARLTON KINGS BAPTIST CHURCH CHELTENHAM

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Personal

I continued to meet with the Cheltenham Baptist Cluster and also with the Mid-Cotswold Evangelical Alliance. I was also a trustee for Webnet until I resigned in July.

2022 was certainly a year of change. I knew that retirement was looming and so began praying and searching for our next step.

During a holiday in Israel in May I began to sense that I should resign from CK. This did not make any sense as we had no place to go to. I resigned at the beginning of July. The memory of my final service and church lunch on 25 September will remain with me forever. It was spectacular! So much thought and love had been poured into it. The painting of the church and the book of memories remind me every day of my time with you and also of the long and special relationships developed over that time.

Much to my surprise I am now minister at Bourton-on-the-Water Baptist Church. It happened so quickly I am still finding it hard to believe but I am reminded that God says he has plans for us and so he has.

As I sign off, I would like to thank you all for your love and support over the years. It was quite a journey from arriving as a new family from Hong Kong to leaving as your minister. You remain in my prayers and will always have a very special place in my heart.

Love in Christ

Sue

Trustees report from 1 October to 31 December 2022

It was with much sadness that we said farewell to Sue at the end of September 2022. We have so much to thank her for and words cannot express how much she meant to CKBC over the past 16 years as our minister.

On Sue’s retirement we began to consider the next steps and are grateful to Rev Alisdair Longwill for overseeing CKBC during this pastoral vacancy and guiding us through the process of writing our profile and going forward to look for a new minister. Alisdair led a day of reflection in October when we prayerfully considered what kind of church we are and what kind of minister we are looking for. We began to write the church profile, which Paul and Pam Adams led on and thanks to them for their hard. This was taken to Deacons’ meetings and church meetings for amendments and then finally approval.

Our Harvest festival was held in October, with the focus on Nepal, and we sent £500 towards this appeal. We once again had a stall at the CK Christmas Fayre where we gave away bags to children, and adults and raised money for the foodbank, and were able to donate £220. We celebrated Christmas with a carols by candlelight service and then a Christmas morning service which was well attended. Our offerings from the Christmas services were sent to Spurgeon’s childcare amounting to £250. We look forward to 2023 as we look to God for guidance as we continue the search for a new minister and are excited for the plans that God has for us.

Trustees CKBC

Financial review

Some of the deficit this year has occurred due to reduced giving, and increased energy costs. A major expenditure was the refurbishment of the ladies’ toilets, and repairs/improvements carried out in the kitchen, and flooring in the corridor leading to the kitchen, and the kitchen itself. Also, improvements to our accessible toilet to upgrade this facility. A tradesman had begun this work, but because of ill health had to give up, so work was needed to repair and complete what had been started.

We continued to pay Richard Opio’s college fees, and expenses. We had a new CCTV/Alarm system installed after damage had occurred to cars in our car park behind the church. We also had to purchase a new photocopier due to the current one (12 years old) ceasing to work. We also replaced some furniture in the church, such as new sofas in the prayer room.

All of these items were very necessary.

CHARLTON KINGS BAPTIST CHURCH CHELTENHAM

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Reserves

It is the policy of the church that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the church’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

Risks

The trustees have assessed the major risks to which the church is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Plans for future periods

We are in the process of appointing a minister and have been meeting with prospective candidates. We hope that within the next 12 months we will have a new minister in post.

We are about to carry out renovations on the Manse, and we are keeping the cost within £40,000. We have a grant confirmed of 20% of the cost from the Cleeve Hill Manse and Churches Trust.

We will continue with our usual activities, and the rentals of our premises will continue. The Little Kingdom Nursery finished renting our premises on 23 December 2022 and we have had interest from a new nursery, Charlie’s Bears, and they have been paying a retainer for the room while awaiting their Ofsted registration, etc. This will now begin on 1 September 2023. Our intern youth worker who has been studying at Bristol Baptist College for 3 years, has now finished, so there will be no further college fees incurred and his monthly allowance will cease at the end of July 2023. He is applying for a Post Graduate Visa for 2 years, and he may continue to work for the church on a part time basis, but only for a few hours per week. We have no plans to employ another children’s worker at this point in time. We have a Baptist Regional Minister looking after us while we are in Pastoral Vacancy, and we continue to pay is travelling expenses etc.

Our Kings Coffee shop continues to grow, and has shown great progress since we appointed our new manager in January 2023.

Structure, governance and management

Members of the Church are accepted in accordance with the Constitution which requires them to be or to have been publicly baptised on the profession of faith in Jesus Christ, or following other modes of baptism to renew their public profession of faith in Jesus Christ.

The members meeting normally takes place four to six times per year and has responsibility for the overall policy of the church. In accordance with the Constitution, the members appoint Trustees, who together with the Minister and Treasurer (who are also appointed by the Members), and collectively known as the Diaconate, are responsible for the day to day running of the church’s work and witness, and the financial and legal aspects of the charity.

All members are encouraged to take an appropriate part in the spiritual and practical tasks involved in the furtherance of the charitable objective.

Relevant matters may be submitted to the Church meeting by the Trustees for guidance, or may be raised by members in Church meeting for further consideration by the Trustees. Though the Constitution permits decisions to be made at Church meetings by appropriate majorities, the Church seeks to work by consensus wherever possible.

CHARLTON KINGS BAPTIST CHURCH CHELTENHAM

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

The trustees who served during the year and up to the date of signature of the financial statements were: L Theedom B Rainbow Rev S Woodley (Resigned 30 September 2022) P Adams (Resigned 20 March 2022) K Davies (Resigned 20 March 2022) I Woodley (Resigned 30 September 2022) I Chad P Adams T Evans (Appointed 5 March 2023) S Chad (Appointed 5 March 2023) J Thorburn (Appointed 30 March 2022) M Davies (Appointed 30 March 2022)

The trustees' report was approved by the Board of Trustees.

B Rainbow

Trustee

5 September 2023

CHARLTON KINGS BAPTIST CHURCH CHELTENHAM

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 DECEMBER 2022

The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the church and of the incoming resources and application of resources of the church for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the church and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the church and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

CHARLTON KINGS BAPTIST CHURCH CHELTENHAM

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF CHARLTON KINGS BAPTIST CHURCH CHELTENHAM

I report to the trustees on my examination of the financial statements of Charlton Kings Baptist Church Cheltenham (the church) for the year ended 31 December 2022.

Responsibilities and basis of report

As the trustees of the church you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the church’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Nicholas J Bishop FCCA ACA

Unit 3 Ambrose House Meteor Court Barnett Way Barnwood Gloucester GL4 3GG

Dated: 5 September 2023

CHARLTON KINGS BAPTIST CHURCH CHELTENHAM

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2022

Unrestricted
Restricted
funds
funds
2022
2022
Notes
£
£
Income from:
Donations and
legacies
3
47,240
18,992
Charitable activities
4
103,323
-
Investments
5
617
5
Total income
151,180
18,997
Expenditure on:
Charitable activities
6
206,965
19,248
Net (outgoing)/incoming
resources before
transfers
(55,785)
(251)
Gross transfers
between funds
(1,944)
1,944
Net (expenditure)/income
for the year/
Net movement in funds
(57,729)
1,693
Fund balances at 1 January
2022
228,409
-
Fund balances at 31
December 2022
170,680
1,693		 Total
Unrestricted
Restricted
funds
funds
2022
2021
2021
£
£
£
66,232
237,637
8,740
103,323
72,229
-
622
20
-
170,177
309,886
8,740
226,213
248,352
10,228
(56,036)
61,534
(1,488)
-
(1,488)
1,488
(56,036)
60,046
-
228,409
168,363
-
172,373
228,409
-		 Total
2021
£
246,377
72,229
20
318,626
258,580
60,046
-
60,046
168,363
228,409

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

CHARLTON KINGS BAPTIST CHURCH CHELTENHAM

BALANCE SHEET

AS AT 31 DECEMBER 2022

Notes
Fixed assets
Tangible assets
10
Current assets
Cash at bank and in hand
Creditors: amounts falling due within
one year
11
Net current assets
Total assets less current liabilities
Income funds
Restricted funds
12
Unrestricted funds
Designated funds
13
General unrestricted funds		 2022
£
171,980
(1,800)
473
170,207		 £
2,193
170,180
172,373
1,693
170,680
172,373		 2021
£
230,967
(2,558)
849
227,560		 £
-
228,409
228,409
-
228,409
228,409

The financial statements were approved by the Trustees on 5 September 2023

B Rainbow Trustee

CHARLTON KINGS BAPTIST CHURCH CHELTENHAM

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

Charity information

Charlton Kings Baptist Church Cheltenham is a registered charity.

1.1 Accounting convention

The financial statements have been prepared in accordance with the church's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The church is a Public Benefit Entity as defined by FRS 102.

The church has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the church. Monetary amounts in these financial statements are rounded to the nearest £.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the church has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the church is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the church has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the church has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Grant income is recognised on receipt unless there are unfulfilled obligations. There is also some rental income from the hire of property which is recognised on receipt.

CHARLTON KINGS BAPTIST CHURCH CHELTENHAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

(Continued)

1.5 Expenditure

Resources expended are included in the Statement of Financial Activities on a payments basis and are allocated to the particular activity where the cost relates directly to that activity.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings

15% written down value

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the church reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the church’s contractual obligations expire or are discharged or cancelled.

CHARLTON KINGS BAPTIST CHURCH CHELTENHAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

(Continued)

1.9 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the church is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the church’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

CHARLTON KINGS BAPTIST CHURCH CHELTENHAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

3 Donations and legacies

Unrestricted
Restricted
funds
funds
2022
2022
£
£
Donations and gifts
41,573
17,992
Grants
5,667
1,000
47,240
18,992
Grants receivable for core activities
COVID Grants
5,667
-
Non government grant
-
1,000
5,667
1,000		 Total
Unrestricted
Restricted
funds
funds
2022
2021
2021
£
£
£
59,565
201,204
8,740
6,667
36,433
-
66,232
237,637
8,740
5,667
36,433
-
1,000
-
-
6,667
36,433
-		 Total
2021
£
209,944
36,433
246,377
36,433
-
36,433

CHARLTON KINGS BAPTIST CHURCH CHELTENHAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

4 Charitable activities

Kings Coffee House
Charitable rental income
Spring Harvest		 2022
£
61,410
41,578
335
103,323		 2021
£
37,055
34,346
828
72,229

5 Investments

Unrestricted Restricted **Total ** Unrestricted
funds funds funds
2022 2022 2022 2021
£ £ £ £
Interest receivable 617 5 622 20

CHARLTON KINGS BAPTIST CHURCH CHELTENHAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

6 Charitable activities

Staff costs
Depreciation and impairment
Ministerial
Pulpit supplies
Youth work
Utilities
Special giving
Equipment
Conferences
Grants utilised
Office
Repairs and building
Kings coffee house
Insurance and pension
Cleaning and supplies
Sundry
Analysis by fund
Unrestricted funds
Restricted funds		 2022
£
105,164
387
3,963
240
12,539
9,102
6,570
1,977
11,187
1,000
202
28,217
30,655
5,035
2,153
7,822
226,213
226,213
206,965
19,248
226,213		 2021
£
115,614
-
4,205
120
18,613
5,818
3,153
1,868
2,095
-
1,052
72,189
21,249
3,018
1,659
7,927
258,580
258,580
248,352
10,228
258,580

Included within charitable expenditure are the amounts paid to the independent examiner for the independent examination of the accounts for the year ended 2022 £1,800 and 2021 £1,800.

7 Trustees

During the year under review Rev Sue Woodley received remuneration of £21,415 (2021 - £26,616) for her ministerial role within the church. Additionally the following connected persons were remunerated for their roles within the church J. Chad £3,456 (2021 - £1,373), S. Chad £2,950 (2021 - £2,506) and S. Woodley £12,900 (2021 - £22,410).

The following expenses were reimbursed to Trustees during the year: Sue Woodley £3,142, S. Chad £450 and B. Rainbow £229.

CHARLTON KINGS BAPTIST CHURCH CHELTENHAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

8 Employees

The average monthly number of employees during the year was:

Ministerial
Youth work
Office
Kings Coffee House
Cleaning
Total
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2022
Number
1
1
1
6
2
11
2022
£
102,135
1,944
1,085
105,164		 2021
Number
1
1
1
6
2
11
2021
£
111,216
3,147
1,251
115,614

There were no employees whose annual remuneration was £60,000 or more.

9 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

10 Tangible fixed assets

Tangible fixed assets
Fixtures and fittings
£
Cost
Additions 2,580
At 31 December 2022 2,580
Depreciation and impairment
Depreciation charged in the year 387
At 31 December 2022 387
Carrying amount
At 31 December 2022 2,193

CHARLTON KINGS BAPTIST CHURCH CHELTENHAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

10 Tangible fixed assets

(Continued)

In addition to the above fixed assets the Church also owns Charlton Kings Baptist Church and The Manse, Grange Walk. No value has been attributed to these assets in the accounts.

11 Creditors: amounts falling due within one year

Accruals and deferred income

2022 2021
£ £
1,800 2,558

12 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement in funds Movement in funds
Balance at Incoming Resources Transfers Balance at
1 January 2022 resources expended 31 December
2022
£ £ £ £ £
Special Giving - 7,313 (6,570) (250) 493
Pastoral - 1,205 (491) 486 1,200
Conferences - 9,479 (11,187) 1,708 -
Grant income - 1,000 (1,000) - -
- 18,997 (19,248) 1,944 1,693

13 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

Balance at Balance at
1 January 2022 31 December
2022
£ £
Building Fund 849 473
849 473

CHARLTON KINGS BAPTIST CHURCH CHELTENHAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

14
Analysis of net assets between funds
Unrestricted
funds
Restricted
funds
2022
2022
£
£
Fund balances at 31
December 2022 are
represented by:
Tangible assets
2,193
-
Current assets/(liabilities)
168,487
1,693
170,680
1,693		 Total Unrestricted
funds
Restricted
funds
2022
2021
2021
£
£
£
2,193
-
-
170,180
228,409
-
172,373
228,409
-		 Total
2021
£
-
228,409
228,409

15 Related party transactions

There were no disclosable related party transactions during the year (2021 - none).