2023-12-31-accounts - Victoria Baptist Church Trust

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Trustees			Revd C Short
			Mr RJ Kirk
			Mrs PA Burr
			Mrs LACraggs
			Miss F Hall
			Mr S DJJupp
			Mr S D Francis			(Appointed	22 February 2023)
			Dr TA King			(Appointed	22 February 2023)
Charity number			1132335
Company	number		07028173
Principal address			Eldon Road
			Eastbourne
			East Sussex
			BN21 1UE
Registered		office	Eldon Road
			Eastboume
			East Sussex
			BN21 1UE
Independent		examiner	John Caladine		FCCA CTA FCIE
			Caladine Limited
			Chantry House
			22 Upperton	Road
			Eastbourne
			East Sussex
			BN21 1BF

			Page
Trustees' report			1-3
Statement ofTrustees'		responsibilities
Independent examiner's		report
Statement offinancial	activities
Balance sheet
Statement ofcash flows
Notes to the financial	statements		9-21

					Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
					funds	funds		funds	funds
					2023	2023	2023	2022	2022	2022
				Notes	6	6	6	6	6	6
Income from:
Donations	and		legacies		348,216		348,216	311,935		311,935
Charitable	activities				1,879		1,879	4,388		4,388
Other trading		activities			32,794		32,794	20,056		20,056
Investments					6,507		6,507	6,518		6,518
Total income					389,396		389,396	342,897		342,897
Charitable	activities				412,426		412,426	355,710		355,710
Net losses	on
investments				12	(2,236)		(2,236)	(8,276)		(8,276)
Net expenditure				and
movement	in	funds			(25,266)		(25,266)	(21,089)		(21,089)
Reconciliation			offunds:
Fund balances			at	1 January
2023					222,474	234,942	457,416	243,563	234,942	478,505
Fund balances			at 31
December	2023				197,208	234,942	432,150	222,474	234,942	457,416

			2023		2022
		Notes			f
Fixed assets
Tangible assets Investments		13 14		290,511 92,931		299,181 95,167
				383,442		394,348
Current assets
Debtors		15	6,216		14,483
Cash at bank and in	hand		60,704		69,503
			66,920		83,986
Creditors: amounts one year	falling due within	16	18,212		20,918
Net current assets				48,708		63,068
Total assets less current liabilities				432,150		457,416
The funds ofthe Church
Restricted funds		18		234,942		234,942
Unrestricted funds		19		197,208		222,474
				432,150		457,416

				2023		2022
			Notes	8		6
Cash flows from operating		activities
Cash (absorbed by)/generated		from	22
operations					(6,697)
Investing	activities
Purchase	oftangible fixed assets			(8,609)		(4,681)
Proceeds	from disposal of investments					40,000
Investment	income received			6,507		6,518
Net cash	(used In)/generated	from
investing	activities				(2,102)
Net (decrease)/increase in cash and			cash
equivalents					(8,799)
Cash and	cash equivalents at beginning		ofyear		69,503
Cash and	cash equivalents	at end of	year		60,704

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					Unreshfcted	Unrestricted
					funds	funds
					2023	2022
						5
Lsttings	and	Hall	hire	income	32,794	20,056

Unrestricted	Unrestricted
funds	funds
2023	2022
6
6,507	6,518

				Church	Supporting	Total	Church	Supporting	Total
				operations	the		operations	the
					worldwide			worldwide
					church			church
				2023	2023	2023	2022	2022	2022
				8	E		6	8	6
Direct costs
Staff costs				188,725		188,725	170,250		170,250
Depreciation	and
impairment				17,280		17,280	17,137		17,137
Other Direct	costs			62,103		62,103	33,359		33,359
Rent and rates				9,501		9,501	10,641		10,641
Insurances				6,116		6,116	5,569		5,569
Light and heat				30,255		30,255	34,121		34,121
Repairs and	maintenance			50,052		50,052	25,098		25,098
Telephone				2,810		2,810	2,357		2,357
Printing, postage,
stationery and		computer
costs				5,011		5,011	4,671		4,671
Sundry				948		948	6,319		6,319
				372,801		372,801	309,522		309,522
Grant funding		of activities
(see note 8)					34,757	34,757		43,238	43,238
Share ofsupport			and governance costs (see note 9)
Governance				4,868		4,868	2,950		2,950
				377,669	34,757	412,426	312,472	43,238	355,710
Analysis by	fund
Unrestricted	funds			377,669	34,757	412,426	312,472	43,238	355,710

			Supporting	Supporting
			the	the
			worldwide	worldwide
			church	church
			2023f	2023
Grants to	institutions:
Baptist Missionary		Society	13,500	13,500
Baptist Union Home Mission			3,501	14,004
Essential	Chnstian	Mission (Lebedyn)	8,140	13,386
Salvation	Army			250
Boys and	Girls Brigades		2,819	821
Spinnaker	(Schools work)		500
Goad News Brighton			2,940
Other			461
			31,861	41,961
Grants to	individuals		2,896	1,277
			34,757	43,238

Support costs allocated to activities
	Church	Total
	operations
	2023	2022
		6
Governance	4,868	2,950
	2023	2022
Governance costs comprise:		6
Accountancy	4,220	2,950
Payroll fees	648
	4.868	2,950

The average monthly number ofemployees during th	e year was:
	2023	2022
	Number	Number
Charitable activities		10
Employment costs	2023f	2022 5
Wages and salaries	172,206	153,739
Social security costs	7,481	7,533
Other pension costs	9,038	8,978
	188,725	170,250

Gains and	los	ses on investments
			Unrestricted	Unrestricted
			funds	funds
			2023	2022
Gains/(losses)		adising on:		8
Revaluation	of	investments	(2,236)	(5,613)
Sale of investments				(2,663)
			(2,236)	(8,276)

Tangible fixed assets
		Freehold land and buildings	Fixtures and fImage	Total
			8
Cost
At 1 January 2023		234,942	160,556	395,498
Additions			8,609	8,609
At 31 December 2023		234,942	169,165	404,107
Depreciation and impairment
At 1 January 2023			96,316	96,316
Depreciation charged	in the year		17,280	17,280
At 31 December 2023			113,596	113,596
Carrying amount At 31 December 2023		234,942	55,569	290,511
At 31 December 2022		234,942	64,239	299,181

Fixed asset investments
	Listed
	investments
	8
Cost or valuation
At 1 January 2023	95,167
Valuation changes	(2,236)
At 31 December 2023	92,931
Carrying amount
At 31 December 2023	92,931
At 31 December 2022	95,167

	The investments are included at their Open Market Value at the 8100,780(2022:6100,780).	year end. The histodic cost of the	portfolio is
15	Debtors
	Amounts falling due within one year:	2023 8	2022f
	Trade debtors	2,169	312
	Gift aid recoverable	4,047	4,305
	Other debtors		9,866
		6,216	14,483

Creditors: am	ounts f	alling due within one year
			2023f	2022f
Other taxation	and social security		3,030	4,131
Other creditors			2,523	1,700
Accruals and defened		income	12,659	15,087
			18,212	20,918

subject to	specific conditions by donors as to ho	w they may be used.
		At	1	January	At 31
				2023	December
					2023f
Buildings	Fund			234,942	234,942
Previous	year:	At	1	January 2022	At 31 December
				f	2022f
Buildings	Fund			234,942	234,942

Unrestricted funds	Unrestricted funds	Unrestricted funds	Unrestricted funds	Unrestricted funds	Unrestricted funds
The unrestricted funds ofthe charity comprise the unexpended balances of donations not subject to specific conditions by donors and grantors as to how they may be used. designated funds which have been set aside out of unrestricted funds by the trustees						and grants which are These include for specific purposes.
	At 1 January 2023	Incoming resources	Resources expended	Transfers	Gains and losses		At 31 December
							2023f
Charity reserve fund	82,000						82,000
Projects fund	25,390		(31,400)	22,000			15,990
Fellowship and family fund	9,116	5,153	(7,025)	1,170			8,414
Mission fund	21,799	24,909	(71,212)	49,431			24,927
Equipment Fund	64,239			(8,670)			55,569
General funds	19,930	359,334	(302,789)	(63,931)		(2,236)	10,308
	222,474	389,396	(412,426)			(2,236)	197,208
Previous year:	At 1January 2022	Incoming resources	Resources expended	Transfers	Gains and losses		At 31 December
							2022
							6
Allocations
Fund	11,832			(11,832)
Charity reserve fund	82,000						82,000
Investment fund	37,113			(37,113)
Projects fund			(15,618)	41,008			25,390
Fellowship and family fund Mission fund	9,247 16,290	6,272 5,282	(6,403) (49,773)	50,000			9,116 21,799
Functional fixed
assets fund				64,239			64,239
Specified gifts fund	14,145			(14,145)
Small funds	4,184			(4,184)
General funds	68,752	331,343	(283,916)	(87,973)		(8,276)	19,930
	243,563	342,897	(355,710)			(8,276)	222,474

			Unrestricted	Restricted	Total
			funds	funds
			2023 f	2023f	2023f
Fund balances at 31 December 2023 are represented		by:
Tangible	assets		55,569	234,942	290,511
Investments			92,931		92,931
Current	assets/(liabilities)		48,708		48,708
			197,208	234,942	432,150
			Unrestricted	Restricted	Total
			funds	funds
			2022	2022f	2022f
Fund balances at 31December 2022 are represented		by:
Tangible	assets		64,239	234,942	299,181
Investments			95,167		95,167
Current	assets/(liabilities)		63,068		63,068
			222,474	234,942	457,416

22	Cash generated from	operations	operations			2023f	2022f
	Deficit for the year					(25,266)	(21,089)
	Adjustments for:
	Investment income recognised		in statement		offinancial activities	(6,507)	(6,518)
	(Gain)/loss on disposal	of investments					2,663
	Fair value gains and losses on		investments			2,236	5,613
	Depreciation and impairment oftangible			fixed assets		17,280	17,137
	Movements in working	capital:
	Decrease/(increase) in	debtors				8,266	(1,391)
	(Decrease)/increase in	creditors				(2,'706)	10,170
	Cash (absorbed by)/generated		from operations			(6,697)	6,585
23	Analysis ofchanges	in net funds