2023-09-30-accounts - Kingswood Baptist Church

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REFERENCE AND ADMINSTRATION	REFERENCE AND ADMINSTRATION	REFERENCE AND ADMINSTRATION	REFERENCE AND ADMINSTRATION	DETAILS OF THE CHARITY, IT'5 TRUSTEES, AND ADVISERS....	DETAILS OF THE CHARITY, IT'5 TRUSTEES, AND ADVISERS....	DETAILS OF THE CHARITY, IT'5 TRUSTEES, AND ADVISERS....	DETAILS OF THE CHARITY, IT'5 TRUSTEES, AND ADVISERS....
TRUSTEES' REPORT
Objectives and Activities ..
	a. Policies and objectives.	.
	b. Activities for achieving	objectives.
	c.Volunteers ..
Achievements and performance
	a. Review ofactivities.
Financial review.
	a. Going concern. ..
	b. General, Building and Development					and Enlarging our Tent (formerly	New Build) Funds ...
	c.Reserves policy .
	d. Pensions.
	e. Principal funding.
Structure, governance and management						.
	a.Constitution.
	b. Method of appointment		or election			ofTrustees.
	c.Organisational structure		and decision making.
	d. Risk management.							....10
	e. Principal activities.							,...10
Plans for future periods. .								....10
	a. Future developments .							....10
Trustees' responsibilities statement					.
Report ofthe Independent		Examiners to				the Trustees and Members of KBC....		...12
Statement offinancial activities				for	the year ended 30September 2023. . .....			....13
Balance Sheet for Year Ending			30September 2023.					....14
Notes to the financial statements				for	year ending 30September 2023. .			....15
1.	Accounting policies.							....15
2.	Donations & legacies receipts.							....16
3.	Investments.							....16
4.	Church activities.							,...16
5.	Other receipts.							....17
6.	Analysis ofgrants. .							....17
7.	Analysis of support costs.							....18
8.	Direct costs							....18
9.	Staff costs and Trustees'		expenses. ....					.„. ...... .18 Page 3of23

10.	Governance costs			.19
11.	Gross transfer between funds. ....			.19
12.	Tangible assets —analysis of opening	and closing carrying	amounts .	.20
13.	Cash at bank in hand .			.20
14.	Restricted Funds. ....			..21
15.	Unrestricted Funds			..21
16.	Designated Funds			21
17.	Analysis of net assets between funds.			22
18.	Pensions. .			22
19.	Children and youth clubs' accounts .....			23

			Unrestricted	Designated	Restricted	TOTAL	TOTAL
			Funds	Funds	Funds	2023	2022
		note:	E	E		E	E
Income
Donations and			136,444	23,939	31,337	191,720	213,653
legacies
Investment			7,290			7,290	1,070
income
Church activities			1,340		0	1,340	1,450
Other receipts			1,768		500	2,268	1,527
Total			146,842	23,939	31,837	202,618	217,700
Expenditure
Grants		6	-434	-20,995	-1,980	-23,409	-29,278
Support costs		7	-1,537	0	0	-1,537	-509
Direct costs		8	-31321	0	-818	-32,139	-41,643
Staff costs		9	-49,225	0	0	-49,225	-59,462
Governance		10	-444	0	0	-444	-445
costs
Total			-82,961	-20,995	-2,798	-106,754	-131,337
Net Income	/		63,881	2,944	29,039	95,864	86,364
(expenditure)
Transfer		11	-30,000	30,000
between funds
Depreciation		12	-12,305			-12,306
Loss on sale	of	12	-1,494			-1,494
asset
net gains (loses)		12					3,591
on the
revaluation	of
fixed assets
			20,082	32,944	29,039	82,065	89,955
Reconciliation
offunds
Totals funds		17	662,903	67,725	95,175	825,803	735,848
brought forward
Total funds			682,985	100,669	124,214	907,868	825,803
carried forward

					Total	Total Funds
				note:	Funds	2022
					2023
Fixed Assets:
Tangible assets				12	590,710	588,625
		Totalfixed	assets		590,710	588,625
Current assets:
Debtors					0	0
Cash at bank	in hand				317,158	237,178
		Total current	assets		317,158	237,178
Total net assets		or liabilities			907,868	825,803
Charity Funds
Restricted Funds
Restricted Funds				14	124,214	95,175
Unrestricted	Funds
Unrestricted	Funds (include fixed			15	682,985	662,903
assets)
Designated	Funds			16	100,669	67,725
	Total unrestricted		funds		783,654	730,628
		Total charity	funds		907,868	825,803

		Unrestricted	Designated	Restricted	2023	2022
Hall rental income		264			264	0
Project 58:7(CTB)		704			704	794
Small Groups books		169			169	443
Car Park Permits		75			75	240
Printing Costs		56			56	0
Cooker donation				500	500	0
Fence Panel		500			500	50
Total		1,768		500	2,268	1,527
6. Analysis ofgrants
		Unrestricted	Designated	Restricted	2023	2022
Baptist Missionary			6,000		6,000	7,000
Society
Baptist Union (GB)			6,000		6,000	6,000
Home Mission
Cry in the dark-			1,170	30	1,200	2,711
Romania
EARE Ministries	- India		1,925	488	2,413	2,000
Grace to Heal			1,700		1,700	2,200
(Zimbabwe Pastors)
LAMA Ministries			1,200		1,200	2,206
Wycliffe Bible			1,200		1,200	1,200
Translators
Love Purflect			1,000		1,000	1,000
DEC			500		500	0
Cry in the dark-			300	836	1,136	0
Mission Trip
Open Bridge Ministry		160		552	712	500
Project 58:7				74	74	80
Leprosy Mission					0	500
Release International					0	20
Winter Gardens	BC				0	2,000
World Vision		274			274	274
Barnabus Fund					0	500
Romania Shoe Box					0	520
Youth for Christ					0	87
(Basildon)
Barnabas Fund						10
(Ukraine)
BMS- I will stand						470
Total		434	20,995	1,980	23,409	29,278

7. Analysis of	support	support	costs	costs
			Unrestricted Designated			Restricted	Endowment		2023	2022
Administration					517				517	509
Legal &Professional					1,020				1,020	0
Total					1,537 0	0		0	1,537	509
Administration	= ChurchSuite			fee and website fee; bank		charges for international payments
Legal 8 Professional		=Architect			fees
B. Direct costs
			Unrestricted Designated			Restricted	2023		2022
Administration					2,617		2,617		5,705
Children and Youth					43	108	151		1,154
Evangelism					40		40		0
Fabric					7,492		7,492		8,653
Utilities					2,957		2,957		3,339
Insurance					2,146		2,146		1,989
Manse & Ministry					11,431		11,431	14,701
Hospitality &Catering					1,462		1,462		1,086
Pastoral					219	50	269		661
Public Worship					1,271		1,271		1,623
Social Action					318		318		294
Teaching and Training					936		936		309
World Mission					0		0		61
Tuesday Iubilees					0	660	660		200
(Tesco Bags)
Small Group material					389		389		734
English Lessons					0		0		72
Live Stream costs									1,062
Total					31,321	818	32,139	41,643
9. Staff costs	and	Trustees'			expenses
Staff costs
			Unrestricted Designated			Restricted	2023		2022
Salaries					45,293		45,293	47,625
National Insurance					3,932		3,932		318
employer
Pension Costs							0	11,519
Total					49,225	0	49,225	59,462

10.Governan	ce costs
		Unrestricted	Designated	Restricted	Endowment		2023	2021
Independent							0	0
Examination	Fee
Other financial services-		444					444	445
payroll fees
Total		444				0	444	445
11.Gross transfer between		funds
		Unrestricted	Designated	Restricted	Endowment		2023	2022
Transfers from General		-30,000					-30,000	-30,000
to Enlarging	our Tent
Transfers to	Enlarging		30,000				30,000	30,000
our Tent
Total		-30,000	30,000

12.Tangible	assets —analysis	ofopening	and	closing	carrying amounts
		freehold		land	Fixtures,	Total 2023	Tota I2022
		and	buildings		fittings and
					equipment
Cost or valuation
At beginning	ofyear		E582,182		E22,525	E604,707	E593,732
Additions					E15,885	E15,885	E11,024
Disposals					-E1,494	-E1,494	-E49
At end ofyear			E582,182		E36916	f619098	E604,707
Depreciation	and impairments
At beginning	ofyear				E16,082	E16,082	E8,698
Additions					E12,306	E12,306	E7,433
Disposals						EO	-f49
At end ofthe year				EO	E28,388	E28,388	E16,082
Net book value at beginning		of	E582,182		f6,443	E588,625	E585,034
year
Net book value at end ofthe		year	E582,182		f8,528	E590,710	f588,625

3.Cash at ban	k in hand
		2023	2022
Barclays Bank		17,158	27,178
BU Corporation	-7 day deposit account	60,000	60,000
BU Corporation	-3 month deposit account	240,000	150,000
Total		317,158	237,178

the normal incom	e until b) a d	ecision is made a	s to what purpo	se the lega	cy will be used	for.
15.Unrestricted	Funds
		01-Oct-22	Receipts	Payments	Transfers		30-Sep-23
General Fund		74,278	146,842	-98,845	-30,000		92,275
Manse Properties and assets		588,625	15,885	-13,800			590,710
Total		662,903	162,727	-112,645	-30,000		682,985
16.Designated	Funds
		01-Oct-22	Receipts	Payments	Transfers		30-Sep-23
Enlarging our Tent Fund		64,596		0	30,000		94,596
Mission fund —Grant paym'ts		3,129	23,939	-20,995			6,073
Total		67,725	23,939	-20,995	30,000		100,669
The charity holds	a number of	designated funds	that represent	donations	for particular	areas	of charity work
or specific projects undertaken.		The purposes	ofthe funds held are as follows: