# **Market Harborough Baptist Church**
**Report and Accounts**
**for the Year Ended 31 December 2022**
**Market Harborough Baptist Church Charity Information For the Year Ended 31 December 2022**
The Church is a Registered Charity and is affiliated to the Baptist Union of Great Britain
**Status** Union of Great Britain **Charity Registration Number** 1132945 **Charity Trustees** Rev C.S. Brown Ex Officio & Chair Y. Durrant Secretary A. Zemlak Treasurer J. Smith Until 26.05.22 M. Brown D. Few Appointed 26.05.22 **Address for Correspondence** 25 Coventry Road Market Harborough Leicestershire LE16 9BX **Independent Examiner** Callum D. Veasey A.C.A. Edward Thomas Peirson & Sons 21, The Point Rockingham Road Market Harborough Leicestershire LE16 7NU
## **CONTENTS**
|**CONTENTS**||
|---|---|
||Page|
|Charity Information|1|
|Trustees' Annual Report|2-4|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to the Accounts|8-14|
1
## **Market Harborough Baptist Church Trustees' Annual Report For the year ended 31 December 2022**
The Trustees present their report and financial statements of the charity ("the Church") for the year ended 31st December 2022. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" (FRS 102) in preparing the annual report and financial statements of the charity.
The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts 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 published in October 2019.
## **Structure, governance and management**
The Church is governed by its newly adopted BU amended Constitution (as approved by the Charity Commission) dated 12 June 2022. It is an unicorporated charity registered with the Charity Commission for England and Wales. The Church Trustees are responsible for the governance of the Church and the fulfilment of its purpose.
The Trustees are appointed at a Church Members' Meeting. They will always include the Minister and Church Leadership comprising Secretary and Treasurer together with any number of other members as agreed at the Meeting. Each Trustee, apart from the Minister, Secretary and Treasurer, shall be appointed for an initial three year term with the opportunity for reappointment for one further three year term. Any person qualified to be a Member of the church shall be eligible for appointment unless disqualified by statute. The Secretary and Treasurer are appointed annually.
## **Objectives and activities**
The principal purpose of the Church is the advancement of Christian faith according to the principle 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 Trustees have complied with the duty in Section 4 of the Charities Act to have due regard to the public benefit guidance published by the Charity Commission.
Bearing in mind the public benefit guidance, the main activities of the Church are listed below:
- regular public worship, prayer, Bible study, preaching & teaching
- baptism, as defined in the Union's Declaration of Principle
- the Communion of the Lord's Supper
- evangelism & mission, locally, regionally, nationally & internationally
- the teaching, encouragement, welcome & inclusion of young people
- nurture & growth of Christian disciples
- education & training for Christian and community service
- giving & encouraging pastoral care
- supporting & encouraging charitable social action in the United Kingdom & abroad
- encouraging relationships with and supporting Baptists & other Christians
2
## **Market Harborough Baptist Church Trustees' Annual Report**
## **for the year ending 31 December 2022**
## **Achievements and Performance**
The Church has returned to regular face to face services. The congregation has grown this last year as confidence has returned for those still with issues regarding Covid. We have seen an influx of new faces and welcomed 9 new members into our fellowship. We have had the privilege of sharing in the public expression of faith as four folks went through the waters of believer's baptism. The message is recorded each week and is uploaded to our YouTube channel for those who cannot yet return to the building as we seek to be fully supportive of our congregation particularly our housebound folks. This posting of the recorded message is not only for members of our own congregation, but through our YouTube channel we have reached a wider congregation, being viewed by others outside our Church fellowship.
Small group fellowship continues to be a vital part of the discipleship of the church, with some groups meeting in the Church halls. Our weekly Fun and Friends activities have seen their numbers grow this last year. Messy Church has continued on a bi monthly pattern and has been enjoyed by all those families who attend.
Our Pastor has continued to lead the Church forward in its primary purposes. The Pastor and Pastoral team have continued to ensure that all those who require care have been well cared for. The Church has continued to actively support Churches Together and our Pastor leads the Ministers Fellowship for this group.
The Renew Wellbeing cafe which opened in September 2021 has developed into a thriving work of mission within our community. There has been a build-up of folks who regularly attend each session, but we have continued to see new faces coming along. This space is open to the community of all faiths or none. It has grown from strength to strength and we have welcomed many folks through our doors. We run this work twice a week and in conjunction with many local health and welfare professionals many of which regularly meet clients in this safe space to offer advice and help. In November 2022 as part of the Government and church charities initiative a "Warm Space Centre" was opened for one day a week.
The Church, through prayer and financial giving, continues to support its ongoing causes as we contribute to both BMS and EMBA Home Mission in their work both locally, regionally, nationally and internationally.
As a Church we are thankful and grateful to all who have supported the work of MHBC spiritually and financially during this past year. Thanks to the generosity of the fellowship and prudent financial management a significant sum of money has been accumulated for replacing the ageing heating system within the church. We are also thankful to Walton Baptist Chapel who as part of their closing procedure and sale provided us with a monetary gift.
## **Financial review**
Total incoming resources for the year amounted to £154,187, of which £101,406 were completely unrestricted. The completely unrestricted income was increased from the previous year, as donations increased and hall rents returned to a more normal level, and there designated income this year included £50,636 from Walton Baptist Chapel closure, whereas last year there was nothing. Restricted fund income remained small as there are no major projects underway at the present time.
Expenditure for the year was £102,429, of which £1,862 was from restricted funds matching the income raised within the Specific Causes fund in the year. General unrestricted fund expenditure was £93,933, a slight increase on the previous year due to expenses of the church wall repair and an increase in church activities. Designated fund expenditure of £6,634 related to £5,000 given as a tithe from the Walton chapel monies and the rest mainly ministry expenses.
Therefore, the net incoming resources for the year were £51,758. As a result, total funds increased by this amount to end the year at £1,313,201 of which £68,687 (2021: £61,214) represents general funds which have not been designated for a specific purpose.
**The overall result for 2022 is a surplus of £51,758. A surplus has arisen on the designated unrestricted funds of £44,282 and the restricted funds of £3. The general unrestricted funds showed a surplus of £7,473.**
3
## **Market Harborough Baptist Church Trustees' Annual Report**
## **for the year ending 31 December 2022**
## **Reserves policy**
The Church requires general reserves, that is funds that are freely available to spend in furtherance of its objects, to provide cover against any future deficits.
The Trustees believe that a level of general reserves equivalent to at least three months expenditure should be sufficient and appropriate for the needs of the Church. This is calculated to be in the region of £23,000 so the level of general reserves at 31 December 2022 may be slightly high, but in view of a budgeted deficit for 2023, due mainly to the replacement of the church heating system, this level of reserves may be required. The Trustees will continue to review the position at regular intervals.
This report was approved by the Trustees on 11th May 2023 and signed on their behalf by:
Angela Zemlak, Treasurer
Yvonne Durrant, Secretary
4
## **Independent Examiner's Report to the Trustees of Market Harborough Baptist Church**
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31st December 2022 which are set out on pages 6 to 14.
## **Responsibilities and basis of report**
As the charity's trustees, the members of the Leadership Team are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.
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 accounts to be reached.
Callum D. Veasey A.C.A. For and on behalf of: Edward Thomas Peirson & Sons Chartered Accountants 21, The Point Rockingham Road Market Harborough Leics, LE16 7NU
Dated 11th May 2023
5
## **Market Harborough Baptist Church Statement of Financial Activities For the Year Ended 31 December 2022**
|**Note**
**INCOMING RESOURCES FROM:**
Donations, pledges & grants
2(a)
Church activities
2(b)
Investments
2(c)
Total income
**EXPENDITURE ON:**
Charitable activities
3
Church activities & administration
Total expenditure
**Net income/(expenditure)**
Transfers between funds
**Net movement in funds**
Total funds brought forward
**Total funds carried forward**
12|**General**
**Designated**
**Total**
**Unrestricted**
**Unrestricted**
**Restricted**
**Funds**
**Funds**
**Funds**
**Funds**
**2022**
**£**
**£**
**£**
**£**
90,255
50,636
1,865
142,756
11,032
280
-
11,312
119
-
-
119
101,406
50,916
1,865
154,187
9,108
5,233
1,862
16,203
84,825
1,401
-
86,226
93,933
6,634
1,862
102,429
7,473
44,282
3
51,758
-
-
-
-
7,473
44,282
3
51,758
61,214
1,200,233
-
1,261,447
68,687
1,244,515
-
1,313,201|**Total**
**Funds**
**2021**
**£**
77,061
2,182
97
79,340
9,934
82,708
92,642
(13,302)
-
(13,302)
1,274,749
1,261,447|
|---|---|---|
All income and expenditure derive from continuing activities
Movements on reserves and all recognised gains and losses are shown above.
The notes on pages 8-14 form part of these accounts.
6
## **Market Harborough Baptist Church Balance Sheet as at 31 December 2022**
|**Note**
**FIXED ASSETS**
Tangible assets
8
**CURRENT ASSETS**
Debtors
9
Cash at bank
10
**CURRENT LIABILITIES**
Creditors: Amounts falling due within one year
11
Net current assets
**NET ASSETS**
**CHARITY FUNDS**
12
Unrestricted funds
General funds
Designated funds
Restricted funds
**TOTAL CHARITY FUNDS**|**£**
4,573
111,687
116,260
5,360|**2022**
**£**
1,202,305
1,202,305
110,900
1,313,205
68,687
1,244,515
1,313,202
3
1,313,205|**£**
3,927
56,165
60,092
2,539|**2021**
**£**
1,203,894
1,203,894
57,553
1,261,447
61,214
1,200,233
1,261,447
-
1,261,447|
|---|---|---|---|---|
Approved by the Church Trustees and signed on their behalf on 11th May 2023 by:
Angela Zemlak, Treasurer
Yvonne Durrant, Secretary
The notes on page 8-14 form part of these accounts.
7
## **Market Harborough Baptist Church Notes to the Accounts For the Year Ended 31 December 2022**
## **1 Accounting Policies**
- a) The Church constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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) issued in October 2019 "SORP (FRS 102)", the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015.
The financial statements have been prepared to give a ‘true and fair’ view and 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 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) in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value, they are presented in sterling which is the functional currency of the Church and rounded to the nearest £. The financial statements include all transactions, assets and liabilities for which the Church is responsible in law.
The going concern basis is considered to be appropriate and the Church's income stream is continuing at a satisfactory level.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
## b) Funds
_Restricted funds_ comprise revenue donations or grants for a specific Church activity intended by the donor and funds raised by the Church for particular purposes. Where these funds have unspent balances, interest on their pooled investment is apportioned to the individual funds on the average balance basis.
_Designated funds_ are general funds set aside by the Church for a specific purpose, they remain unrestricted and the Church may move any surplus to other general funds.
_Unrestricted funds_ are general funds which may be used by the Church in furtherance of its general objectives.
## c) Income recognition
Income is included in the Statement of Financial Activities where the Church is legally entitled to the income, any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. If conditions are attached to a grant or donation and this requires a level of performance before entitlement can be obtained the recognition of the income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the Charity and it is probable that they will be fulfilled.
Tax refunds under the Gift Aid Scheme are recognised in the period in which they are received. Gifts in kind donated for the use of the Church are recognised in income at their fair value, that being the value of the gift to the Church, at the point they gain control over them, with an equivalent amount being recognised as a component of expenditure. Gifts in kind donated for resale are recognised when sold due to the impracticality of obtaining a fair value for them when donated, other fundraising income is recognised when entitlement has occurred. All incoming resources are accounted for gross of any related expenditure.
No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102).
8
## **Market Harborough Baptist Church Notes to the Accounts**
## **For the Year Ended 31 December 2022**
## d) _Expenditure recognition_
All expenditure is accounted for on an accruals basis and is recognised, gross of any amounts recoverable, where there is a legal or constructive obligation to make payments to third parties, it is probable that settlement will be required and the amount of the obligation can be measured reliably. As the Church is not VAT registered the expenditure includes irrecoverable VAT.
## e) _Tangible fixed assets_
Tangible fixed assets are capitalised if they can be used for more than one year and have a cost of at least £1,000. No depreciation is provided on freehold land and buildings and depreciation on equipment and fixtures is charged at 20%.
## f) _Debtors and creditors receivable/payable within one year_
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
## g) _Grants payable_
Grants payable are only recognised in the accounts when a committment has been made and if conditions are attached to a grant or donation which requires a level of performance before entitlement can be obtained the recognition of expenditure is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the Church and it is probable that they they will be fulfilled.
## h) _Financial instruments_
The Church only has financial assets and financial liabilities of a kind that qualify as basic financial instruments, all of which are measured at transaction value.
## **2 Incoming Resources from:**
|a) Donations, pledges & grants
Offerings
Donations & other income
Tax recovered under Gift Aid
Spurgeons
Operation Agri
Open Doors
B.M.S./ Home Mission Boxes
In memorium
Walton chapel closing monies|**General**
**Designated**
**Total**
**Unrestricted Unrestricted**
**Restricted**
**Funds**
**Funds**
**Funds**
**Funds**
**2022**
**£**
**£**
**£**
**£**
66,425
-
-
66,425
10,060
-
-
10,060
12,615
-
-
12,615
-
-
435
435
-
-
669
669
-
-
-
-
-
-
761
761
1,155
-
-
1,155
-
50,636
-
50,636
90,255
50,636
1,865
142,756|**Total**
**Funds**
**2021**
**£**
59,091
3,227
12,416
406
531
790
600
-
77,061|
|---|---|---|
Income of £1,726 from donations, pledges and grants in 2021 was restricted.
9
## **Market Harborough Baptist Church Notes to the Accounts**
## **For the Year Ended 31 December 2022**
|**2**
**Incoming Resources**
**General**
**Designated**
**Total**
**from (continued):**
**Unrestricted**
**Unrestricted**
**Restricted**
**Funds**
**Funds**
**Funds**
**Funds**
**2022**
**£**
**£**
**£**
**£**
b) Church activities
Rent for use of halls
9,244
-
-
9,244
Coffee mornings
-
-
-
-
Small fundraising activities
-
-
-
-
Outlook
-
-
-
-
Focus group
-
280
-
280
Pastoral event & Church trips
1,788
-
-
1,788
11,032
280
-
11,312
c) Investments
Bank & other interest
119
-
-
119
HSBC Compensation
-
-
-
-
119
-
-
119
**3**
**Expenditure on:**
**General**
**Designated**
**Total**
**Unrestricted**
**Unrestricted**
**Restricted**
**Funds**
**Funds**
**Funds**
**Funds**
**2022**
Charitable activities:
**£**
**£**
**£**
**£**
Spurgeons childcare
-
-
435
435
B.M.S. World Mission
4,450
-
331
4,781
E.M.B.A.
4,450
-
427
4,877
Churches Together
208
233
-
441
Operation Agri
-
-
669
669
Walton Tithe
-
5,000
-
5,000
Open Doors
-
-
-
-
9,108
5,233
1,862
16,203
Church activities & administration:
Upkeep & renovation of premises
16,800
-
-
16,800
Ministry
30,421
1,376
-
31,797
Manse expenses
9,397
-
-
9,397
Focus group
-
25
25
Administration expenses
23,532
-
-
23,532
Activity expenses
2,156
-
-
2,156
Other expenses
251
-
-
251
Governance costs ( note 4)
2,268
-
-
2,268
84,825
1,401
-
86,226
There was no restricted income from church activities in 2021.
There was no restricted income from investments in 2021.|**Total**
**Funds**
**2021**
**£**
2,165
-
-
17
-
-
2,182
97
-
97
**Total**
**Funds**
**2021**
**£**
405
4,258
4,534
206
-
-
531
9,934
23,372
29,285
5,837
-
18,059
729
194
5,232
82,708|
|---|---|
Expenditure in 2021 included the following amounts attributable to restricted funds, Charitable activities £1,728 and Church activities & administration £5,098.
10
## **Market Harborough Baptist Church Notes to the Accounts For the Year Ended 31 December 2022**
|**Governance Costs**
Independent examiner's remuneration
Trustees reimbursed expenses|**Total**
**General**
**Designated**
**Funds**
**Unrestricted**
**Unrestricted**
**Restricted**
**Funds**
**Funds**
**Funds**
**2022**
**£**
**£**
**£**
**£**
1,380
-
-
1,380
888
-
-
888
2,268
-
-
2,268|**Total**
**Funds**
**2021**
**£**
1,272
3,960
5,232|
|---|---|---|
## **4 Governance Costs**
## **5 Independent Examiner's Remuneration**
The independent examiner's remuneration consisted of an independent examination fee of £1,380 (2021: £1,272).
## **6 Trustees and Key Management Personnel Remuneration and Expenses**
Reverend C.S. Brown, a trustee, has received a stipend for his employment as minister rather than as a trustee which is included in the figures at Note 7. In addition the minister and two other Trustees received reimbursed expenses totalling £2,385 (2021:£3,960). These expenses were for equipment & fixtures, travel, property maintenance, courses and training, stationery and gifts.
The Church considers that it has no key management personnel other than the Trustees themselves.
|**7**
**Staff Costs**
Gross wages and stipend
Employer's National Insurance costs
Pension costs
The average number of employees for the year is 3 (2021:3)
**8**
**Tangible Fixed Assets**
Cost or valuation
At 1 January 2022
Additions
Disposals
At 31 December 2022
Accumulated depreciation
At 1 January 2022
Charge for the year
Written off on disposal
At 31 December 2022
Net book value
At 31 December 2022
At 1 January 2022|**2022**
**£**
35,329
-
3,167
38,496
**Freehold**
**Fixtures &**
**Properties**
**Equipment**
**£**
**£**
1,200,000
7,946
-
-
-
-
1,200,000
7,946
-
4,052
-
1,589
-
-
-
5,641
1,200,000
2,305
1,200,000
3,894|**2021**
**£**
31,516
-
3,078
34,594
**Total**
**£**
1,207,946
-
-
1,207,946
4,052
1,589
-
5,641
1,202,305
1,203,894|
|---|---|---|
The freehold properties comprise the Church land and buildings and the Manse land and buildings. These properties were revalued for insurance purposes on 31 December 2006 and this valuation (Church £950,000, Manse £250,000) was taken as deemed cost on transition to SORP (FRS 102) on 1 January 2015, there are no subsequent additions. The original cost of the Church land and buildings was £4,500. The Church was valued for insurance purposes in March 2022 and its rebuild value including contents was £3,243,613.
11
## **Market Harborough Baptist Church Notes to the Accounts**
## **For the Year Ended 31 December 2022**
|**9**
**Debtors**
Prepaid expenses
Accrued income
Other debtors:
Hall rents
**10**
**Cash at Bank and in Hand**
Bank & Building Society accounts
**11**
**Creditors: Amounts falling due within one year**
Accruals and deferred income:
Independent examination fee
Utilities
HMRC
Other creditors
Due to BMS/EMBA|**2022**
**£**
3,622
-
951
4,573
**2022**
**£**
111,687
111,687
**2022**
**£**
1,380
426
1,148
766
1,640
5,360|**2021**
**£**
3,373
392
162
3,927
**2021**
**£**
56,165
56,165
**2021**
**£**
1,272
137
-
390
740
2,539|
|---|---|---|
12
## **Market Harborough Baptist Church Notes to the Accounts**
## **For the Year Ended 31 December 2022**
## **12 Movement of Funds**
|_Restricted Funds_
Building Reserve
Specific causes
_Unrestricted Funds (Designated)_
Church Land & Buildings
Manse
Churches Together Easter Fund
Focus group
Ministry Walton
_Unrestricted Funds (General)_
Unrestricted Funds
_Unrestricted Funds (Total)_
TOTAL FUNDS|**Balances at**
**Incoming**
**Resources**
**Transfers &**
**Balances at**
**1 Jan 2022**
**Resources**
**Expended**
**Revaluations**
**31 Dec 2022**
**£**
**£**
**£**
**£**
**£**
-
-
-
-
-
-
1,865
(1,862)
-
3
-
1,865
(1,862)
-
3
950,000
-
-
-
950,000
250,000
-
-
-
250,000
233
-
(233)
-
-
-
280
(25)
255
-
50,636
(6,376)
-
44,260
1,200,233
50,916
(6,634)
-
1,244,515
61,214
101,406
(93,933)
-
68,687
61,214
101,406
(93,933)
-
68,687
1,261,447
152,322
(100,567)
-
1,313,202
1,261,447
154,187
(102,429)
-
1,313,205|
|---|---|
**Restricted Funds** are funds that can only be expended on the restricted purposes intended by the donor. The only material restricted fund is the Building Reserve for the renovation and upkeep of the Church buildings **Designated Funds** are unrestricted funds that the trustees have set aside for a specific purpose. Material designated funds are as follows:
**Church Land & Buildings and Manse** are designated as they are funds invested in the fabric of the actual buildings
**Ministry Walton fund** is designated for ministry purposes from monies transferred from Walton Baptist Chapel on its closure.
**Unrestricted Funds** are general funds which may be used by the Church for furtherance of its objectives
13
## **Market Harborough Baptist Church Notes to the Accounts For the Year Ended 31 December 2022**
## **12 Movement of Funds (continued)**
The movements in funds for the previous financial year were as follows:
|_Restricted Funds_
Building Reserve
Specific causes
_Unrestricted Funds (Designated)_
Church Land & Buildings
Manse
Liz Cole Memorial Fund
New Horizons coffee shop
Churches Together Easter Fund
_Unrestricted Funds (General)_
General Fund
_Unrestricted Funds (Total)_
TOTAL FUNDS|**Balances at**
**Incoming**
**Resources**
**Transfers &**
**Balances at**
**1 Jan 2021**
**Resources**
**Expended**
**Revaluations**
**31 Dec 2021**
**£**
**£**
**£**
**£**
**£**
5,098
-
(5,098)
-
-
2
1,726
(1,728)
-
-
5,100
1,727
(6,826)
-
-
950,000
-
-
-
950,000
250,000
-
-
-
250,000
640
-
(640)
-
-
11,637
-
(8,811)
(2,825)
-
233
-
-
-
233
1,212,510
-
(9,451)
(2,825)
1,200,233
57,140
77,614
(76,365)
2,825
61,214
57,140
77,614
(76,365)
2,825
61,214
1,269,649
77,614
(85,815)
-
1,261,447
1,274,749
79,340
(92,641)
-
1,261,447|
|---|---|
## **Analysis of Net Assets between Funds**
|Tangible fixed assets
Bank balances
Debtors
Creditors|**Restricted**
**Designated**
**General**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
**£**
**£**
**£**
**£**
-
1,200,000
2,305
1,202,305
1,643
44,515
65,529
111,687
-
-
4,573
4,573
(1,640)
-
(3,720)
(5,360)
3
1,244,515
68,687
1,313,205|
|---|---|
The analysis of net assets between funds for the previous year was as follows:
|Tangible fixed assets
Bank balances
Debtors
Creditors|**Restricted**
**Designated**
**General**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
**£**
**£**
**£**
**£**
-
1,200,000
3,894
1,203,894
740
233
55,192
56,165
-
-
3,927
3,927
(740)
-
(1,799)
(2,539)
-
1,200,233
61,214
1,261,447|
|---|---|
## **13 Related party transactions**
Trustees of the Church made donations during the year totalling £14,878 without any conditions attached.
14