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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|
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||||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||||||||
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||||||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|
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|||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|||
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|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|
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|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:|||||
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