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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|||||
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||||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|
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||||||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|
##
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||||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|
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|||||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|
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|||||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|
##
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||||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|
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|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|
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|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)|
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|13|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|
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|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|
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|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|
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|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|
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||||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|
##
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|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||||||