Market Harborough Baptist Churcb Report and Accounts for the Year Ended 31 December 2023
Mrket Hrborougkn Baptist Chllreh Charity Information Foy the Year Ended 31 December 2023 Status The Church is a ReEiswa amrity and i5 8ffiliate4J to th¢ Baptist Unl) of Great Britsin ChaTIty Regigtr*tlm Nnmber 1132945 Charlty Trustees R¢v C.S. Brow Y. Durraot A. 7Kmlak M. BrowD D. Few M. Jones C Gathercolc H Gather Ex Officio & Chair Secretary until 25.05.23 Trusur Appoititzd 25.05.23 Acting secretary. App)iuted 25.05.23 Aplt$d 25.05.23 Address for Corre$pond¢Mce 25 Covetstry R08d Market HarboTrwgb LeicesreTshs LE16 9BX ItKlepettdent Ex2mlner Callum D. Ve&sey C.A. Edward Thoma5 PeiTSQD & Sons 21, The Point Rockingham Road I£ltersbre LE16 7NU Page Charity IDfoTtnatiou Trustec8' Annual Rep IndqKnd¢nt ExamireT'S Rq Statemelli of FiJwirial.4ctivities B&lanGe Sbe¢t Note$ to th¢ Atcount$ 24 8-14
Market Harborough Baptist Church Tru5tee5' Annual Report For the ended 31 December 2023 The Trustee6 pysent their report and fae1a1 ststetllcnts of tbe chariry {'the Church") for the year ended 31st Denber 2023. The Tru$t¢&q hav£ adopt¢d ihe prow5ioLs of the Statement of ReeoJr.mended Pra¢ti¢e ISORP) "A¢countillg at Rcporting by Charitie5" (FRS 10?) in prq>ariDg the aDDuai report and finatxcAai Btatements of the cbarity. The fjnallciai stst¢mwts have b¢¢n prepared in ¥¢ordance with the accounting policie5 Set out in thc note8 to the a¢¢ounts and ¢Dmply with the Chur¢h's goitrDitLg docutDen¢ tbe arItieS Act 2011 aDd Accounting and Reportins by CharitLes.' Slat¢m¢ni of R¢GoTnMend Pwtice applicable to clJar.u&s preparing their accounts IJJ accordance with the Financial Rcportiug Stalldatd app]icable ID the UK and Republic of Irelandpubli5h¢d in OctDb¢r 20L9. Strnciure? goverDAn¢e 4nd m8tt*g¢Dn1 The Chuwh is govern by the Baptist Union ol Great Britain CoDstitlltion dated 12 Jun¢ 2022 and Teceives advice, guidance support frorn East Midlands BaptisL AC[atiOn. It is an unincorporated dwity ftgist¢Trd with the Charity Conunission for Englalld al Wales. Th¢ Church Trns¢ee8 are twible for the 8overDancc of the Church and th6 fulfilellt of its purpose. The TrLJStees are appointtd a¢ a Chw¢h M¢TllbeTS' MeditL& They will always include the minist and Church l£adersbip comprising Sretary and Trwurer together with any nllber of other metnbers as agreal ot the Meeting. Each Trustee, apart from the Minister, aDd Treasurer. shau be appointed for an iniiial three ye•r t¢m M'ith ihe DPPOttuniiy for reappointment fo,- one further three year ierni. Any quaiifi•J to be a Meber of tbe church shall be eligible for appoilltrrlent unless dwu8Jificd by stalute. The Sectrtary and Treasllr are appoillted aDnuaily. Objectives ind 4¢tivltSe4 Market Harborough Baptist Church is a clLurch in the heart of Market H8rborough WI love Jesus ond who lov¢ our commurrity. The principal obj¢ctiTre of the Church is to prdctice the Christian fa]"th wyth integrity and ill ways that bless tbe chur¢h family and the ¢OllllDunity. Tr Church abid£s by tht Dcclwation of l¥inriple of the Baptist Union of GTeat Britain. The Trusttts have complied witll the duty in S¢xtion 4 of th¢ Charities Act to have duc regard to the pub]ic bcnEfit guidancc publisbed by the Charity ConJmi&9ion. B&gring in mind th6 public bcnefit guidanc4 tbe main ¥tivitiu of the chh atr lithl below.. - regular publie worship, prayer. Bible study. preaehing & teac]lln8 . the 5acramcnts of Holy Con)tnullion (tnontbiy) and baptism {on r¢qu&4t) - evangelistn & mi&sion, locally, regionally) natitsnall) & iTite]nationally - pastoral care & safegLwdittg - spe¢ial s¢rbi¢¢s itcluding Wedd5. funerals & infant bleIDgS - childrffl? youth & faTni]i£%' tninistries . nurture & growth ot christi disciple8 through small groups - gTvillg of time, resource4 taiettts & Skills within tILC church family atKi community - 8llPPQrting & ¢n¢ouragLng charitable SOCI action in theUDited KiDgdotn & abroad - workittg in partnffship with other cburches & de)(natiO1)S witkn"n thecomtllunity . community 5UPPOrt groups such as Rcncw Wellbeing
Market Harborough Baptist Cbureh Ttee8, Annual Report for the year ending 31 Decenther 2023 Achievemellts aDd PerfonllaDce The Church has seen slow and steady 8roMth in 2023. welcoming new pPIe to the church family. includins new n)embers and baptisms. The Renew Wellbeing c8fé a well establishe41 and very and welcoming commuuity of aivund 30 ptoplt who seek to attend to thcir mcnt21 health and wellbeing togdher. The tafe also enjoys very strong links with the lo¢al th"stri¢t wun¢il. GP surgery, mental ]Jea]th profe&sionals. srtial prescribers, ¢OLmselling ceutre and other voluntary organi5atiQTLS Within tow). The Gafr is thr secor.d largest referrer of foodballk iequE5ts. Small group ftllowship ¢ontiThues tt> be a vital part of the discipleship of the church, w4th new people joini]Lg existing gTOUPS, so that now approxin)ately 75010 of the church faDJiiy belong to a wup, The children within the church family and within the comrnunity have been supportcd by anii Friejkds pre-school gmup {week]y) and MsY Church pritnary school 8roup (¢very 6 w¢eks), both ar¢ wdl atteod&J. The pastora] hav¢ continued to provide for the mosi Nvln¢rable within the ehur¢h family thtough visit& traLspor¢ call5. advice aud other types of help aud support. The Pastor continues to lead the Church with visiott as w¢ll as lti8 involv¢d it) many different wups and ministries. The Pastor continues io serve the commutiiry as the Chair of the minisi5. FellohIp thin thc to which is a support netWOL'k for ChristiarL mini#¢rs fro]n ail Strearns of the Christian faith. The P&or also Fthed up the team for Easter tive on the Square, a n¢w fr¥tiTr71 for th¢ to cel¢brate er in 2024. The Chur¢b. through praver and fiDanciai 8ivin&. contimies to be self-suslaining 2nd 1$ in a finan¢ially h¢a]thy 8]tiOn. Furth¢rtllOTe, th¢ Church has supported the ongoiDg work ar1 miJJis¢ry of Cbristiao organi4tions such as BMS World Mission, Tearfimd and EMBA Homc Mission in their WOTk IDcaily> rtgionally) natio[llY and LilteatiOally. A5 a Church we are thaDkful attd grat¢tul to a]1 who h•'e supported the ivork of MHBC spiritually. practicall) and financially duTLng this p&8t year. Flnan¢l41 revlew Totsl ineoming re8OUT¢es for the year alllounted to £115,696, of whieh £112,671 were CDmpl&ely unrestricted. Th¢ omplctcly unrEslriGteAJ iDcome was increased trojn the previous year, w olF¢riogs and ha]1 ralts in¢r¢ased. There was no d¢sigllat¢d income th]'s year whereas last year included £50:636 from Wa]ton Baptist Ch1 elosure. R&stricted fuud illcome remairLed 1". the ore ats Tnajor pIojerts undenvdy at thepresetLt tiTDe. Exp¢tiditur¢ for the year was £125.432, of which E3,028 was from restsided funds rnthing th¢ inGorn£ raised Mithin th¢ Specific Caus68 fut]d in the year. General u]Jre*ri¢ted fimd expenditur¢ was £l?1.045. an increase on the prewous ytar mainly due to the replacement of the rhuTch hrating syste. Dlgllated fund expenditure of £1.359 is Jnainly due to spending fron tbe Walton tiind on Alptm. Therefore, the net expenditure for the year was £9,736. As a re&di, tota] fi]nds incTea%ed by this amounl to crtd thc year at £1,303,469 of which £60,313 12022.. £68,687) reprtsents getteral fvnds wlll.cb have not been designated for a spccific purpos¢. The overall result for 2023 iy a defKit of £9,736. A def1t hag ¥Jrfsell the dÈsignatwl ullrestricted ndS of £IJ59 the restricted fund5 of £3. The general llDrestri¢t¢d fvd$ sboFed * defi¢4t of £8?74.
mark Ilarborough Baptist Church Trn$tee$' Annu*l Report for the year ending 31 Deeember 2023 Re5erve8 poiiry The Chureh rffjuires getteral reserve& that is fimds that are freely av8ilablc w sd in fllrtbrrdnce of its objects, to provide cover against any future deficits. The TTUStees b¢lieve thai a level of general reserves equiyalent to Iwt three rnorlths expenditure should be sufficient and apprtspri8te for the needs of the Church. This is calculated to be in regioD of £23,(KX) so the levtl of general reseTres at 31 Decernber ?023 w be slightly bui in view of a budgettsl defi¢it for 2024, du¢ mainly to the replacement of the church perimeter this l¢v¢l of Jeseryes may be require<L The Tntstees Mqll continue to reNryew the ]x)sition at regular interS. This report wa$ approved by th¢ T9 on 16th May 2024 and ontheir behalf by: AngelaZemlaL Treawrrr aiff Gathercol< Acting Se¢r¢tsry
Independent F.xaminer's Report to the Tru5tee5 of Market Ilarburough B¥pti5t ChurLh report lo the charity IfLISILes on my examinarion of the accounts of the charity for the year ended 31 st December 2023 whicli are s¢1 out on pag¢% h ¢0 14. Re5pon$ibilitie rtd bAsis of report A% Ihe charity's Irustee5. the membeis of the Leadership Team are responsible for the pieparation of the a¢coiini8 in accordaiice with the iequir¢Tnents of the C.hJTilie% Aci 2011 I'the Act'l I report in respccl ot'my examination of the charity'5 acc()unLs carried nut und¢r.%¢¢lion 145 ()r IhL' ALI and in Larrying out my exainination I have followed all the applicable Directions given by the Charity Commission under section 14515}Ibl of the Aci. Independenl examin¢r s $tat¢ni¢nt I have completed my examination. I confirtn that no material tnatter5 have cotn¢ to tny attention in onneciion with the examinaiion givinx me cause to believe that in any maierial respeci.. accountinx records were not kept in respect of the cliarily as requirtd by section 130 of the Act,. or the accounts do iiol accord witli those I'ecords., or the account% do not comply with the applic2É ble reqU1MnIS conceming the form and conlenl of &ccounts set out iii ihe Charities (Accoun15 and Reports) Regulations 2008 othei. than aiiy requirement that the aLcounis gsve a 'true and fdif VILW ivhiLh is noi d matlLf LonsidLred part of dn indepLndent examinaiion. I have no concerns and have come across no other mailers in connection with the examination io which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Callum D. Veasey Dated 16th May 2024 For 2nd on behalf of.. Edward Thomas Peirson & Sons Chartered Accountants 21, The Point Rockingham Road Market Harboi'oiigh Leics. LE16 7NU
MArket Harborough B%ptist Chureh Statemertt of FlnnciAI Actitte5 For the Ye•r Ended 31 December 21123 Gener l)¢sigtt¥ted UDrestrl¢ted Ullrestrlettd Restrl¢ted FHnds Fund8 Total FuDd5 2023 Total Funds 2022 Note ]NCOMING RESOURCLS FROM: DoJJ8ti1)ns, pledg¢6 & rylts Church activities Inves¢mettts 2{a) 97.034 14.975 3.025 Ilx),059 14.975 662 142,756 11,312 119 21c) Total inethne 3,025 115,696 154,187 EXPEtYDITURE ON: Charitable aclivitics Church activities & administration 10.970 110,075 3,028 13,998 111,434 16,203 86,226 1.359 Totsl expenditure I21,(5 .359 3.028 125,432 102.429 N¢t In¢omel(expeDdffiturel {8.374) (l J59) (3) 19.7361 51,758 Transf¢r8 b¢twecn fvnds Net movem¢rtt iti fud5 (8.374) (1,3591 {31 {9.736} 51,758 Total fimds brought forward 68.687 1.244.515 1,31),205 1261,447 Total fund5 trrléd forwird 12 60,313 1.247 }56 1,303,469 1313,205 All ijjcome attd expenditur¢ d¢rive fr(Nry continuing activihes Movement8 on rd%thwes And all recognised gains and lo art abovc. Thc DotL¥ pas 8-14 fi) part of thrsE acc(NJllts.
M4rke¢ Harborough Bapt15t Church Balance Sheet S At 31 De¢euther 2023 Nole 2023 2022 FLXED ASSETS Tattgible ets 1200,717 1.202.305 I,21X),7I7 1,202,305 CURRF.NT ASSEIS Debtors Cash at ba]Jk 5,626 106,538 4573 Jll,687 io 112,164 116,260 CURRINf LIABILITtES Creditor5". Amounts fa]ling du¢ withi"D one yeor li 9.412 5,360 Net current assets 102.752 iio, F4ET ASSETS 1,303,469 1,313205 CHARITY FUNDS 12 unrestr1cd funds Gener31 funds DeSiated funds 60313 1,243.156 68,687 1244515 1.303,469 1,313,202 Restricted tunds TOT AL CHARITY FUhDS 1.313,205 Approved bythe Thurch Tnjsteu and signed on theirbeha)f on 16th May 2024 by.. ATLgcla ZendaK Tr6a5urcr Cliff GatherGole, ALting Secretary The ttotts on paEe S-14 form part of these accollllts.
MArket Harborough Baptlst Chwr¢b
Triotes to the.4£cOllts
For the Yer Ettded 31 December 2023
Atcoulltlll8 Polldes
a) The Churdj constithles a publio bfit CDtity defined by FRS 102. The firtamal statalleftts hav¢ b¢A pr¢par
ill accordance with Accounting atyl Rep)rting by Chartbe5: Strte][t of Re¢ojtsmend Practice applicable to
aritiey prerIng their accounts in Ordance with the Fitlancial RqtiEJS sta[ard a[]bIg ll) the LX
Ryblic of ITeland IFRS lir2) issued ill OctotKr ?019 "SORP (FRS 102)", the Fillancial Rwrtitig Standard
applicable itt tb¢ Ll( a[ Republic of ErelaDd (FRS 102). aud the Cha[iti Act 2011 and UK G¢n¢raJly Awl
Prnctic¢ as it applies fro]n l January 2015_
The fillartcial statemeJit8 bave beetk ]xepaTed to gi a aJLd fail vie. awl h&i'¢ departd from the Chariti
{A¢wullts &td Rerts} Regulation8 2(M)8 onty ts) the ex1 Tawar1 to Jxoyide & 'truE and fair Triew.. This
departure h&s m)Ird foltowing the Accouutitjg aDd by Cbariiies.. SiateJDeDt of R¢comrnoded 14actice
applicable to th8rits¥ preparillg their accoujts th ac¢ordan¢e w.th the Fiothcial Rewtlng Stsndard appli(xbl¢ in
tbe UK and Republic of IT¢land IFRS 102) in O¢tob¢T 2019 Tathw than the AtIng and RepDrtiaJg by Charities..
ststemekntof Rett)mmended PracticeetTective from l April 2W5 Thhith nas $ic
The fitthncjal ststements have been pro)gred on a goiDE b&sis under the hi¢tiCAl 8t convention,
dified to include cert8iti items at fair th¢y are preRntrd in swling wbith is th¢ fi]DCtiODal cutren¢y of the
Church ad routtded to the tteatt8t £. The iticlude all transa¢tion& ass&s 8nd lithiliti& for
which di¢ Church is tI51b1¢ itl Jaw.
Thc going cotrn b45is is CO51dl to b¢ thB Clwrth's income stream is contittuin8 at a
sailstww leiFI.
Th¢ sigDificaDi acwuntiDg wlicie¥ applid in thepryaTrtion of these fiDall¢ial staiements are set 0below. Thf6e
)licies have been consistent]y applied to atl yeaTS UDlg5s othe¥wise stat
bl Funds
keJtrictedJtsn&Y comprise reVie (knabons or grnnts for a Chw¢h iDtended by the donor a
fimds Tais¢d by th¢ Church for p&t]¢u1 ryses. 11lJ¢tt th&s¢ fuDdq hav¢ unspthi baJan¢&% inl¢r¢5t on th¢iT
ol¢d investment is aprtioned lo the ]Ddividu fujjds on the ayerdge b3JanrebBsi5.
DesigAa¢edfvndg Bre generas funds set a5ideby the Clturth for & srEcific put they rlitt uttttstrlct and the
Church may tnov¢ any SllTplus 0th¢¥ g¢r2) funds.
untrIcIedfv1¥ aYegenern] Hthi¢b may kustrj by thechurch in ojL¥8Of its g¢o¢ra] j¢tives.
cl Incom¢ r¢£oBnition
Itse is included in the StatLiiient of Financial Activilies the Cburch is le8alJy to the Incm any
forn]ance conditions have bea] Tnet. the aOunt can beTne Teliablv aDd it is ptthablc That tbe iticojne will
be r¢c¢]l, If rA)nditiolls are atknched to a graDt or donation 3nd thii reqiir&s a level of Frformance before
eotitlement can k obtsin&l the rl(lon of the inc
Mrket Hrborough Bptist Church otes to the Accounts For the Year Ended 31 Deeember 2023 d) ExPeI(re recognition All expeoditure is aceourtted ftr oll 80 attruals b&%is aDd is rwise4 grS of ally aTuwnt$ wverabl< where thcrB IS &16g&l or ¢onstruetive obhgation to make p&ytllents to third parties, il is wobable thai settlernEDt 11 be Tequired aDd Ibe amount of the obligati(J ¢an b¢ me&sured reliably. As the Churcb is not VAT wstered the exp¢DditUT¢ ill¢lud¢8 itrttoverdble VAT. El Tangiblefvedassets Tangible fjxed assets ate capitalis¢d if th¢y ron be Us fff thore thall one year aDd have a cost of at least £1,(. No depreci&tiOll i$ provided on freehold land 8Dd tmildings and ¢kprttiatioll on equipment and fi.¥bJres is Charged at 2W,. Debtois nd¢redItO¥ reCeiable]PaYable withlfi oneyeor D¢btor$ attd credit5 with no stated intffttt rate and Teceiyable or payabl¢ wthin one year are recorded at transA¢tion price. kny10sKs arisiog from itt)pairtt)enl sre recogttised iti eXpditre. g) GrapPaYbIff Gr8Dts payable are ollty recognisryj ill the whth) a rowmittrJ)cnt has been made alld if condstiolls are attach&1 to a graDt or donation which requires a level of perforn)auce before ¢ntitiemerJt be obtained the tttO8nition of cxpellditure is defr until those c¢ndition$ aT¢ fully met w th¢ fv]fth&)t of those conditions is within thE control of the Church and il is probable that they tbeywill be hlfilled h) FiFtel&1 In¥truments The thurch only ha5 fjnancial ld financial liabilities of a that quA]ify as b&8ic finattci21 illstrllments, all of which arc m¢8sur&l at tsallsaction value. In¢omltt2 Resources from: G¢Ner41 Dcsignatrd Umrestrkted Unrestricle41 Restrleted FvRds FuDds Total Funds 21ll3 Tot&1 Funds 2022 al Donation6J Plg¢S & grants Offerings Dollations & other in¢on)e TaK T¢COV¢Ted under Gift Aid Spurgeons TearfL'nd {HarvtI OpeTation Agri B.M.S.l Home Missioll Boxes Tn¢norium Churtie8 Ti>gether UJLity seThice Walton chap¢l c105ing OnIeS 79,8iO 5,578 10,946 79,850 5.578 10.946 741 770 66,425 10,060 12,615 741 770 669 761 1,155 915 915 50,636 97.034 5.25 100,059 142,756 Incom¢ of £1,865 from donations, pledg and gr8nts ID 2(rr2 w8s Ksirictcd.
Marke¢ Harborough Bapt15tClJurch Note5 to the Aeeount5 For the Year Ended 31 December 21bll Incomillg Rtsoure from (contilluedl: GtnerAI De5igoated Unrestricted Lnrestrlcted R#¢rltted Flld$ Fwnds Total Fund¥ 2023 Totgl Fund5 2022 b) Church Wivities R¢nt for us¢ Of halls Coffee mornings Small fundrai8ing actitte8 Café stwk sold Focus wup P8Storql ev&)( & Church trips J171M 12.71X) 9.244 632 632 280 1.788 1.643 1,6A3 14,975 11,312 There was no restrictcd income fr¢xn church a¢tiwtie8 in 2022. ¢) IllTre8tments Bank & otb¢r ititere8r HSBC COMpeTLtiO ffi2 662 662 662 119 was no restricted itLCUn¢ fr(Kn investments in 20Y2. Expendlture on.. CeDer#l Deslgll*ted Lnrestrl¢ted Lnrestricted R¢s¢rleled FuDds Fynds Tfjt¥l FuDd8 2Q23 Total Fun 2022 CharitÈble activiti. Spurgeons childca B.M.S. World MissioJL E.fvI.B.A. Church¢% Together Operauon Agri W&lloJL Tithe TEartulld (Haryert) 741 575 342 741 6,060 5.827 435 4,781 4,877 441 669 5,(XlO 5.485 5.485 770 10,970 3.028 13.998 16,203 Church actiViti¢8 & adtlljlli5trati'. Upkeep & renov&tion of premis¢ Ministry Mall8¢ expefjs Focus 0Up Administration ¢xpens¢s Acljviiy tse& Other expetsses Govern8nG¢ ¢osta { tJ(tr 41 41,3? 29.wl 9,227 16,800 31.797 9,397 25 23.532 2,156 251 2.268 29,991 9227 25 94.228 1.334 4,184 1017 2,017 I10,W15 1,359 111,434 86,226 Exp¢nditure 2022 iticluded the followng arn(MJnts attributhble to Tzstrict¢d fund4 Charithble 8ctivitie8 £1.862. io
Market H8riN)rou%h Baptlst Cknurch Notes to the AccouDts For the Year Ended JI Decewiw 2023 Trtal FuDdi T¢Mal GovtrttarLCe Coyts GeJber81 Destgnaird Lthrtstrlded U$td Rutrir¢cd 2023 2022 Vndewdent exaJtiin¢lgmnUJW8tion 1.452 565 1.452 565 1,380 888 2.017 1017 2,268 IndepeDdert ExAThlntr'$ RtmuD¢r¥¢S0 The11 ¢xatyitst<$reD>uDerntioncoAL4iStd of MirAtiD fee of £1,45212022.. £IJ801. Trust attd Key MwemelltPersonDeiRtmulleratloll #Dd Expewel Reverelld C.S. Btt)wn. a iNt, has ree¢iYed a stipe[ for bis ctDplo}ryrDt JninisteT rnthcr tham as A trostse which is iwlud¢d in the figur£9 at Note 7. athli#oD the tijitiisier atsl two otFtrTnIs cell] rei1ru exp9£8 totaUin8 £4.5YI12022..£L365}. The expenses WeTe for fjjitiisty. c1Kch tivitieS, 24lllpol & fÉxw trAveJ, wperty tDa1llllae. cour&cs alld ttaLD11 Stauotttty Staff CD8ts 2023 2022 Gro WaP Bjjd MipuNI Ew]oy¢rs National Insurawx Pensioncosts 36.078 35,329 3,361 3,167 39.442 38,496 The ivernge of ¢mplo)r¢5 for th¢yearK% 312W22..3) Free1Id Ftsturu Prw)thles Equlpmpnt TAu8iblc As¢ts Ai l jaY 2022 Adaition Di$41S 1207.946 Ai 31 D¢ceth2022 L200,(KFD 7.946 1.207,946 AccwTwloteddepreciaiion At l J&nuary2022 Char¥¥ hrthe year WritteDoff orLdLOSal 5,641 1,588 5,641 1,588 At 31 Dccc]Dber 2022 7,229 7229 Netbotsk vaJuE At 31 December 2022 1,2(M).(KlO 1.2W.O 717 1.200.717 1.202,305 Al L Januw222 2J05 The freEhold piCV&tieg Lompri$e Chutcb laTKJ I111 aTrl ihE la]1 atkl buildirtgs. were revalued for itLYUTaryce puryos¢s on 31 DembEr 21KJ6 a1 thiy valuotinn l(Jwrch £950.(th. MHti5¢ £250.0001 was takea as d#m¢d ¢4$t on tr41ll511ion to SORP IFRS IiY210]J l J)Uary 20I5, are subwuenl athjill0. Tht oIiwal Cost of th¢ CJyJr¢h land buildillgg was £4.500. Tkn ChuTth wa6 valucd for i]L$uTpu1[w5 inm4h2o22 al]ts JEINJiid valu¢ itKluding ttt5 was £3.243,613. li
Market Harborough Baptist Church ote5 to tbe A¢eounts For the Year F.nded 31 Deeember 2023 Debtors 21J23 2022 Prcpaid expcn5C5 AccruEd income Oth¢r debtors.. Hall rents 5.035 3,622 591 951 5,626 4,573 10 Cash at Bank in Hand 2013 2022 Bank & Building Society COunts 106,538 111,687 106,538 111,687 11 Creditor5: Amounts falling due wlthln OD¢ y 2011 2022 Accruals and deferred income.. Independcnt exarllination fee Utiliti HMRC Oth¢r creditors Due to BMSILMBA 1.452 1.380 426 I,L48 766 1,640 1.217 2.192 3.711 9,412 5,360 12
M#rket HrborouRh Baptist Cburch Notes to ibe Acci)unts FOT the Year Ended 31 December 2023 12 Movement of Funds BalaDces at IntomiThg l Jan 2023 Rewur¢es Roourees Tnn5fers & BAlance5 at ellded Rev&10$ 31 Dec 2023 RlrICtEd Fup]ds Building Reservc Specific causes 3.025 {3,028) 3,025 (3,028) UFtr&trÉcledFunds (Da57gnoied) Church Land & Buildings Manse Focus group Ministy Walton 950,000 250.000 255 44.260 950,000 250,000 230 42,926 (25) (1,334) 1.244,i15 {1.3591 1243,156 UnrcFrrieiedFury4ts (GÈneralJ Unre8tricted Funds 68.687 112,671 (121,0451 60,313 68,687 112,671 (121.045) 60,313 Unr&vti7CtedFwidy (Total) 1.313.202 I l1671 (12? 404) 1,303.469 TOTAL FUNDS 1,313205 I li,696 (125,432) 1.303,469 Restricted Funds arc fithds that ¢at) only b¢ exp on the r&stricted putpow intrnda by the donor. The only llMterial restrictal fy[ is ttxe Buildillg R&qefftve for the rc¥)oYatJ( JDdupkecp of the Chw¢h building8 DesigDXted FuJLds unrwtriGte4J fvnd5 that thr Irustees have * &8ide for a wific mose. Matexial desiated funds a5 follows,. Churtb LAnd & Bllilding& and Manse are desÈgllatcd &$ they fimds investLxl in the fabric of thc actual buildings MiDiStry Wlton fvnd 1$ design for miDisty purp from MleS traL8fara fron) Walton BaptisL Chapel on its closu. Unre$triet¢d F•nds are general fisniLs which TDay be used by the ChuTth for fiutheraD¢e of ILS objtttives 13
Market Hhrborough Bptist Church Not¢s to the Accounts For the Year Ended 31 De¢ember 21123 12 Movettknt of Funds {¢ondnu¢d) The rnoVeMet in fid5 fur th¢previofat1ti1 )wwtte as follo BilAn¢u at Incollg Roour¢e5 TrSterS & BtheeB at l 21n2 Re50urce5 ExpEttdtd R]bOt15 31 Det 2022 J£EstrictedFtsrtdJ Building Rerve Spccific cau$eg lJ65 11,8621 1,866 {1.86?} Unr8%irictedFun& Oknignoled) Church land & Buildings Manse Cbur¢i$TOgetherFasteFuThd Focus group inisty Walton 950.(KIO 250,1KK> 233 950,000 250.0(KJ 12331 i) 16.3761 280 50,636 255 44.260 ].2.233 50,916 16.634) 1.244,515 Unresirie¢edFwJ&f (GeJJeMI) General Pund 61214 101.406 {93,9331 68,687 101,406 193.933) 68,687 Unrutrt¢¢edF¥nds (Tothl) I,26l.447 (85.815) 1,313202 TOTALFUNDS 1 •61.447 79.479 91641 1,313,205 Anlyst8 of Assets betwewi Totsi Tangible fixeAI Èsscts Bgnk baianets Debtors Creditots 1200.0(MI 43.156 717 59.671 5,626 15.7011 1200.717 IIA5.538 5.626 19,4121 3.711 1fj43.556 1,303.469 The atYlS of net aB8ets b&wccn fiuJd5 for th¢previousyear fi>ilows'. Res¢rIcl D¢signAtcd Gtlleral utsd8 FuDds FtEDd5 Totsl T3nwble fix ats BgnkbsJallc&8 Debtors Cr¢ditQT i.?00,IM 44515 2,305 65,529 4,573 {3.7201 1202,305 111.687 4573 {5 J601 1,643 11,640) 1.244.515 68,687 1,313.205 13 Related party Trustees of Ih¢Chur¢h tnJ¢donation$ dwingthe yeartotaliin8 £11940 without aDy condititins attsthed. 14