**Annual Report and Accounts for the year ended 31[st] December 2023**
## Akeman Street Baptist Church
## **Details of Charity**
Church Address:
Registered as a charity in in England & Wales
Akeman Street Baptist Church Akeman Street Tring Hertfordshire HP23 6AA Number 1133369
Affiliated to:
Association of Grace Baptist Churches, 62 Bride Street, London N7 8AZ
Principal Bankers:
CAF Bank
Principal savings in interest-bearing Grace Baptist Charities Ltd, accounts deposited with: 7 Arlington Way, London, EC1R 1XA Independent Examiner: Malcolm Rogers
Malcolm Rogers
## **Objectives and Activities**
Akeman Street Baptist Church is located in Tring, Hertfordshire and serves the town and surrounding area. The church is committed to providing for the spiritual and pastoral needs of the community.
When planning our activities for the year, the trustees have considered the Commission’s guidance on public benefit and in particular the specific guidance on charities for the advancement of religion. It does so by offering services of worship on Sunday and meeting for Bible studies and prayer during the week. In addition, various activities tailored to the needs of different age groups, operate on a regular basis throughout the year. All of the services and activities are open for anyone to attend.
It is through the above activities that the church endeavours to enable people to live out their faith as part of the fellowship by,
- Worship and prayer; learning about the Bible and developing their knowledge and trust in Jesus Christ
1
**Annual Report and Accounts for the year ended 31[st] December 2023**
- The provision of pastoral care for the people of Tring and surrounding area.
- Mission and outreach work.
- The provision of a safe environment where children and young people can develop socially, emotionally and spiritually through various activities.
## **Achievements and Performance**
Two services are held on a Sunday, with an average attendance of 100 for the morning and 30 for the evening. During the morning service provision is made for a crèche, so people with young children can attend. A Sunday school for various age groups is held during the morning service with an average of 20 children in attendance. Classes and activities for children and young people also take place during the evening service. Special services are held at occasions such as, Easter, Harvest and Christmas. A Carols by Candlelight service is held at Christmas and attracts large numbers of people who enjoy the singing and worship together with refreshments that are provided afterwards. Various evangelistic outreach activities are organised throughout the year.
Several prayer and Bible study meetings are held during the week, so as to meet various needs of the fellowship and, as these are open events, the wider community.
To provide an outreach to the community the church offers a range of events and clubs, each of which is focussed on a particular age range, beginning with very young children and going on through to the Seniors.
Formal church membership at the end of the year was 89. The church did not employ a pastor during the year, but appointed a full time pastor in January 2024. It employed a part time administrator throughout the year.
The church operated a preschool four mornings per week which was open to all. It was subject to regulation by Ofsted. The Trustees delegated the management of the preschool to a committee. During 2023, the Preschool Committee and the Trustees monitored the ongoing viability of the Preschool and after the year end it was decided to close it.
The majority of the activities provided by the church operate due to the many volunteers who give generously of their time, so these activities can function efficiently and effectively for the benefit of all that attend them. We extend a “big thank you” to all these volunteers.
The church has a written Safeguarding Policy for Children and Vulnerable Adults and a person who is responsible for its implementation and review. Those entrusted with the care of children and vulnerable adults undergo a Disclosure & Barring check.
2
**Annual Report and Accounts for the year ended 31[st] December 2023**
## **Mission**
The church supports various mission projects both in this country and abroad. These include Grace Baptist Mission, Association of Grace Baptist Churches (South East) and mission activities overseas. In 2023 the mission giving was £12,000.
## **Structure and Governance**
The overall management of the church is the responsibilities of the Managing Trustees. Where appropriate, the trustees may delegate the day-to-day management of an activity to a committee, who report back on a regular basis to the trustees. The trustees meet eleven times per year and on other occasions when it is deemed necessary.
The processes for appointment and removal of trustees are set out in the Church Constitution.
The charity is an unincorporated association with a constitution. The legal title to the church buildings is held by Grace Baptist Charities Limited as Custodian Trustee on behalf of the church.
Trustees during the year were:
David Chapman (resigned 19 April 2023) David Crane Philip Dobson Joan Eeley Chris Gee (resigned 12 May 2024) John Heasman David Kight (appointed 19 April 2023) Daniel Nash Nigel Rogers - Secretary Chris Turland - Finance Officer Angela Walshe
## **Reserve Policy**
A Reserves Policy was approved by the Trustees on 5 May 2010. The policy states that the charity will maintain unrestricted funds, which are free reserves of the charity, at a level that equates to approximately four months unrestricted expenditure.
This provides sufficient funds to cover committed salaries, regular premises costs and ongoing running costs for the regular activities of the charity and to be able to provide for emergency repairs etc. of premises or equipment.
Part of the Restricted Reserves of the Preschool are designated as a contingency in the event that it became necessary to declare staff redundancies.
3
**Annual Report and Accounts for the year ended 31[st] December 2023**
Year end reserves totalled £110k, exceeding the amount required under the Reserves Policy.
## **Financial Review and Future Plans**
The main sources of income were personal giving from church members, manse rental income, local authority grants relating to the preschool and gift aid receipts.
Income was £179k (a decrease of £6k on the previous year), mainly comprising of donations and legacies of £112k, charitable activities of £52k and income from rental investments of £12k.
The main areas of expenditure were staff salaries, donations to other charities, property maintenance and building project costs.
Expenditure totalled £141k (an increase of £12k on the previous year). The main reason for this increase is due to an increase in donations and gifts compared to the prior year.
There was a surplus of net incoming resources for the year of £37k.
The Church was holding balances of £128k at the year-end. These were held in investment accounts with Grace Baptist Charities Ltd, in current accounts, deposit accounts or cash for the ongoing regular activities of the Church.
The Trustees (Elders & Deacons) review the financial position of the church each month and present a financial report to the Church members each quarter and a full report at the Annual General Meeting in April.
## **Approval of Report and Accounts**
This Annual Report and the associated Accounts were approved by all the Trustees of the Church on 26 October 2024. The Trustees in office at that date were as stated on page 3 with the exception that Chris Gee resigned as a Trustee after the year end, Tom Copperwheat was appointed as a Trustee on 21 January 2024 and Matt Washington was appointed as a trustee on 17 July 2024.
Nigel Rogers [Signed on original] Trustee Date: 30 October 2024
Chris Turland [Signed on original] Trustee 30 October 2024
4
**Annual Report and Accounts for the year ended 31[st] December 2023**
## **Independent Examiner’s Report**
I am pleased to report on my examination of the accounts of Akeman Street Baptist Church Tring, for the year ended 31st December, 2023, set out on pages 1 to 31 of the Accounts.
## **Respective responsibilities of trustees and examiner**
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 ("the Charities Act") and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the Charities Act;
- follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
- state whether particular matters have come to my attention.
## **Basis of independent examiner's statement**
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:
* the accounting records were not kept in accordance with section 130 of the Charities Act;
or
- the accounts did not accord with the accounting records; or
* the accounts did 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 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.
Signed: [Signed on original]
Date: 30 October 2024
Name: Malcolm W Rogers
Relevant professional qualification(s) or body (if any): C Eng, FIC, ACIE
Address: 24a, Friars Walk, Tring, Hertfordshire, HP23 4AY
5
**----- Start of picture text -----**
Akeman Street Baptist Church ("ASBC") Charity No (if 1133369
any)
Annual accounts for the period
Period start date 01-Jan-23 To Period end date 31-Dec-23
**----- End of picture text -----**
**EXAMINED ACCOUNTS OF AKEMAN STREET BAPTIST CHURCH FOR THE FINANCIAL YEAR 01 JANUARY 2023 TO 31 DECEMBER 2023**
## **Section A Statement of financial activities**
|**Section A Statement of financial activities**||
|---|---|
|**Recommended categories by activity**
Guidance Notes
**Incoming resources (Note 3)**
**Income and endowments from:**
Donations and legacies
S01
Charitable activities
S02
Other trading activities
S03
Investments
S04
Separate material item of income
S05
Other
S06
S07
**Resources expended (Note 6)**
**Expenditure on:**
Raising funds
S08
Charitable activities
S09
Separate material item of expense
S10
Other
S11
S12
S13
Net gains/(losses) on investments
S14
S15
**Extraordinary items**
S16
S17
S18
Other gains/(losses)
S19
S20
**_Reconciliation of funds:_**
S21
S22
**Other recognised** **gains/(losses):**
Gains and losses on revaluation of fixed assets for the charity’s own use
**_Net movement in funds_**
Total funds brought forward
**_Total funds carried forward_**
**_Total_**
**_Total_**
**Net income/(expenditure) before investment gains/(losses)**
**Net income/(expenditure)**
**Transfers between funds**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05
111,891
-
-
111,891
105,354
-
52,205
-
52,205
51,589
-
-
-
-
-
12,058
197
-
12,255
25,736
-
-
-
-
-
597
1,983
-
2,580
2,624|
||124,546
54,385
-
178,931
185,303|
||20
20
-
40
40
26,459
63,029
-
89,488
79,163
-
-
-
-
-
52,200
-
-
52,200
49,719|
||78,678
63,049
-
141,727
128,922|
|||
||45,868
8,664
-
-
37,204
56,381|
||-|
||45,868
8,664
-
-
37,204
56,381|
||2,305
-
2,305
-
-
-|
||43,563
6,359
-
-
37,204
56,381|
||2,826,655
20,977
2,847,633
2,791,252|
||2,870,218
14,618
-
2,884,837
2,847,633|
## **Section B Balance sheet**
|**Fixed assets**
**Intangible assets (Note 15)**
**Tangible assets (Note 14)**
**Heritage assets (Note 16)**
**Investments (Note 17)**
**_Total fixed assets_**
**Current assets**
**Stocks (Note 18)**
**Debtors (Note 19)**
**Investments (Note 17.4)**
**Cash at bank (Note 24)**
**Cash in hand (Note 24)**
**_Total current assets_**
**Creditors: amounts falling due within one year**
**(Note 20)**
**_Net current assets/(liabilities)_**
**_Total assets less current liabilities_**
**Creditors: amounts falling due after one year**
**(Note 20)**
**Provisions for liabilities**
**_Total net assets or liabilities_**
**Funds of the Charity**
**Endowment funds (Note 27)**
**Restricted income funds (Note 27)**
**Unrestricted funds**
**Revaluation reserve**
**_Total funds_**
Signed by one or two trustees on behalf of all the
trustees|Guidance Notes
**Unrestricted**
**funds**
**Restricted**
**income funds**
**£**
**£**
F01
F02
B01
-
-
B02
2,785,433
-
B03
-
-
B04
-
-
B05
2,785,433 -
B06
-
-
B07
8,500
B08
8,320
7,253
B09
105,465
5,854
B09
1,511
B10
122,285 14,618
B11
12,500
-
B12
109,785 14,618
B13
2,895,218 14,618
B14
25,000
-
B15
-
-
B16
2,870,218 14,618
B17
-
B18
14,618
B19
2,870,218
B20
B21
2,870,218 14,618
Signature
[Signed on original]
[Signed on original]|**Unrestricted**
**funds**
**£**
F01
-
2,785,433
-
-|**Restricted**
**income funds**
**£**
F02
-
-
-
-|**Endowment**
**funds**
**£**
F03
-
-
-
-|**Total this year**
**Total last year**
**£**
**£**
F04
F05|
|---|---|---|---|---|---|
||||||-
-
2,785,433
2,785,433
-
-
-
-|
|||2,785,433|-|-|2,785,433 2,785,433|
|||-
8,500
8,320
105,465|-
7,253
5,854
1,511|-
-
-
-
-|-
-
8,500
5,000
15,573
23,305
111,319
86,866
1,511
1,442|
|||122,285|14,618|-|136,903 116,613|
||||||12,500
1,400|
|||12,500|-|-||
|||||||
|||109,785|14,618|-|
124,403
115,213|
|||||||
|||2,895,218|14,618|-|2,909,836 2,900,646|
||||||
25,000
45,000
-
-|
|||25,000
-|-
-|-
-||
|||||||
|||2,870,218|14,618|-|
2,884,836
2,855,646|
|||-
2,870,218|
14,618|-||
||||||
-
-
14,618
9,285
2,870,218
2,838,349
-
-|
|||2,870,218|14,618|-|2,884,836 2,847,634|
|||||Print
Chris
Nigel|Date of
approval
dd/mm/yyyy
30-Oct-24
30-Oct-24
Name
Turland
Rogers|
## **Section C Notes to the accounts**
Note 1 **Basis of preparation**
_**This section should be completed by all charities** ._
## **1.1 Basis of accounting**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless The accounts have been prepared in accordance with: • and with* √ the Statement of Recommended Practice: Accounting and • and with* the Financial Reporting Standard applicable in the United • and with the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102.* √
The charity constitutes a public benefit entity as defined by FRS 102.*
* -Tick as appropriate
## **1.2 Going concern**
**----- Start of picture text -----**
If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue
An explanation as to those factors that support the conclusion that the charity is a going concern; Not Applicable
Disclosure of any uncertainties that make the going concern assumption doubtful; Not Applicable
Where accounts are not prepared on a going concern basis, please disclose this fact together with Not Applicable
1.3 Change of accounting policy
The accounts present a true and fair view and there are no changes to the accounting policies that impact any figures in 17/18 or
Yes* √
* -Tick as appropriate
No* √
**----- End of picture text -----**
|**_Please disclose:_**
N/A
N/A
N/A
Yes*
√
No*
ü
N/A
N/A
N/A
Yes*
√
No*
ü
N/A
N/A
N/A
**_(i) the nature of the change in accounting policy;_**
**_(ii) the reasons why applying the new accounting policy provides more reliable and more relevant information;_**
**_(iii) the amount of the adjustment for each line affected in the current period, each prior period presented and_**
**1.4 Changes to accounting estimates**
No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).
No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).
* -Tick as appropriate
**_Please disclose:_**
**_(i) the nature of the prior period error;_**
**_(ii) for each prior period presented in the accounts, the amount of the correction for each account line item_**
* -Tick as appropriate
**_Please disclose:_**
**_(i) the nature of any changes;_**
**_(ii) the effect of the change on income and expense or assets and liabilities for the current period; and_**
**_(iii) where practicable, the effect of the change in one or more future periods._**
**1.5 Material prior year errors**
**_(iii) the amount of the correction at the beginning of the earliest prior period presented in the accounts._**|**_Please disclose:_**
N/A
N/A
N/A
Yes*
√
No*
ü
N/A
N/A
N/A
Yes*
√
No*
ü
N/A
N/A
N/A
**_(i) the nature of the change in accounting policy;_**
**_(ii) the reasons why applying the new accounting policy provides more reliable and more relevant information;_**
**_(iii) the amount of the adjustment for each line affected in the current period, each prior period presented and_**
**1.4 Changes to accounting estimates**
No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).
No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).
* -Tick as appropriate
**_Please disclose:_**
**_(i) the nature of the prior period error;_**
**_(ii) for each prior period presented in the accounts, the amount of the correction for each account line item_**
* -Tick as appropriate
**_Please disclose:_**
**_(i) the nature of any changes;_**
**_(ii) the effect of the change on income and expense or assets and liabilities for the current period; and_**
**_(iii) where practicable, the effect of the change in one or more future periods._**
**1.5 Material prior year errors**
**_(iii) the amount of the correction at the beginning of the earliest prior period presented in the accounts._**|**_Please disclose:_**
N/A
N/A
N/A
Yes*
√
No*
ü
N/A
N/A
N/A
Yes*
√
No*
ü
N/A
N/A
N/A
**_(i) the nature of the change in accounting policy;_**
**_(ii) the reasons why applying the new accounting policy provides more reliable and more relevant information;_**
**_(iii) the amount of the adjustment for each line affected in the current period, each prior period presented and_**
**1.4 Changes to accounting estimates**
No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).
No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).
* -Tick as appropriate
**_Please disclose:_**
**_(i) the nature of the prior period error;_**
**_(ii) for each prior period presented in the accounts, the amount of the correction for each account line item_**
* -Tick as appropriate
**_Please disclose:_**
**_(i) the nature of any changes;_**
**_(ii) the effect of the change on income and expense or assets and liabilities for the current period; and_**
**_(iii) where practicable, the effect of the change in one or more future periods._**
**1.5 Material prior year errors**
**_(iii) the amount of the correction at the beginning of the earliest prior period presented in the accounts._**|
|---|---|---|
||√
ü|* -Tick as appropriate|
||N/A
N/A
N/A
the reporting period (3.47 FRS 102 SORP).
**_e or assets and liabilities for the current period; and_**
**_one or more future periods._**||
||√
ü|* -Tick as appropriate|
||N/A
N/A
N/A
**_, the amount of the correction for each account line item_**
**_of the earliest prior period presented in the accounts._**||
## **Section C Notes to the accounts (cont)**
## **Note 2 Accounting policies**
_Please complete this note when first reporting under FRS102. Section 35 of FRS102, requires 3 reconciliations to be presented, if all are applicable._
## **2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE**
**Please provide a description of the nature of each change in accounting policy**
_**Reconcilation of funds per previous GAAP to funds determined under FRS 102**_
**Start of period End of period**
**£ £**
**Fund balances as previously stated** _**Adjustments:**_
## **Fund balance as restated**
_**Reconcilation of net income/(net expenditure) per previous GAAP to net income/(net expenditure) under FRS 102**_
**End of period £**
**Net income/(expenditure) as previously stated** _**Adjustments:**_
## **Previous period net income/(expenditure) as restated**
## **2.2 INCOME**
_This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below._
|**Recognition of income**
**Offsetting**
There has been no offsetting of assets and liabilities, or income and
expenses, unless required or permitted by the FRS 102 SORP or FRS
102.
**Grants and donations**
Grants and donations are only included in the SoFA
when the general income recognition criteria are
met (5.10 to 5.12 FRS102 SORP).
In the case of performance related grants, income
must only be recognised to the extent that the
charity has provided the specified goods or services
as entitlement to the grant only occurs when the
performance related conditions are met (5.16 FRS
102 SORP).
These are included in the Statement of Financial Activities (SoFA)
· the charity becomes entitled to the resources;
· it is more likely than not that the trustees will receive the
· the monetary value can be measured with sufficient reliability.
**Legacies**
Legacies are included in the SOFA when receipt is
probable, that is, when there has been grant of
probate, the executors have established that there
are sufficient assets in the estate and any conditions
attached to the legacy are either within the control
of the charity or have been met.
**Government grants**
The charity has received government grants in the
reporting period|Yes
No
√
ü
Yes
No
√
ü
Yes
No
√
ü
Yes
No
√
ü
Yes
No
√
ü
Yes
No
√|N/a
ü
N/a
ü
N/a
ü
N/a
√
N/a
√
N/a
ü|
|---|---|---|
## **Section C Notes to the accounts (cont)**
|**Tax reclaims on donations and gifts**
Gift Aid receivable is included in income when there
is a valid declaration by the donor. Any Gift Aid
amount recovered on a donation is considered to be
part of that gift and is treated as an addition to the
same fund as the initial donation unless the donor
or the terms of the appeal have specified otherwise.
**Contractual income and performance related grants**
This is only included in the SoFA once the charity
has provided the related goods or services or met
the performance related conditions.
**Donated goods**
Donated goods are measured at fair value (the
amount for which the asset could be exchanged)
unless impractical to do so.
Gifts in kind for use by the charity are included in
the SoFA as income from donations when
receivable.
**Donated services and facilities**
Donated services and facilities are included in the
SOFA when received at the value of the gift to the
charity provided the value of the gift can be
measured reliably.
Donated services and facilities that are consumed
immediately are recognised as income with an
equivalent amount recognised as an expense under
the appropriate heading in the SOFA.
The cost of any stock of goods donated for
distribution to beneficiaries is deemed to be the fair
value of those gifts at the time of their receipt and
they are recognised on receipt. In the reporting
period in which the stocks are distributed, they are
recognised as an expense at the carrying amount of
the stocks at distribution.
Donated goods for resale are measured at fair value
on initial recognition, which is the expected
proceeds from sale less the expected costs of sale,
and recognised in 'Income from other trading
activities' with the corresponding stock recognised
in the balance sheet. On its sale the value of stock is
charged against 'Income from other trading
activities' and the proceeds from sale are also
recognised as 'Income from other trading activities'.
Goods donated for on-going use by the charity are
recognised as tangible fixed assets and included in
the SoFA as incoming resources when receivable.
**Support costs**
The charity has incurred expenditure on support
costs.
**Volunteer help**
The value of any voluntary help received is not
included in the accounts but is described in the
trustees’ annual report.
**Income from interest, royalties and dividends**
This is included in the accounts when receipt is
probable and the amount receivable can be
measured reliably.|Yes
No
N/a
√
ü
Yes
No
N/a
√
ü
√
Yes
No
N/a
ü
ü
√
Yes
No
N/a
√
ü
√
Yes
No
N/a
√
ü
√
Yes
No
N/a
ü
ü
√
Yes
No
N/a
ü
ü
√
Yes
No
N/a
√
ü
√
Yes
No
N/a
√
ü
√
Yes
No
N/a
√
ü
ü
Yes
No
N/a
√
ü
ü
Yes
No
N/a
√
ü
ü|
|---|---|
## **Section C Notes to the accounts (cont)**
|**Income from membership subscriptions**
Membeship subscriptions received in the nature of a
gift are recognised in Donations and Legacies
Membership subscriptions which gives a member
the right to buy services or other benefits are
recognised as income earned from the provision of
goods and services as income from charitable
activities.
**Governance and support costs**
Support costs have been allocated between
governance costs and other support. Governance
costs comprise all costs involving public
accountability of the charity and its compliance with
regulation and good practice.
Support costs include central functions and have
been allocated to activity cost categories on a basis
consistent with the use of resources, eg allocating
property costs by floor areas, or per capita, staff
costs by the time spent and other costs by their
usage.
**Grants with performance conditions**
Where the charity gives a grant with conditions for
its payment being a specific level of service or
output to be provided, such grants are only
recognised in the SoFA once the recipient of the
grant has provided the specified service or output.
**Grants payable without performance conditions**
Where there are no conditions attaching to the
grant that enables the donor charity to realistically
avoid the commitment, a liability for the full funding
obligation must be recognised.
**Settlement of insurance claims**
Insurance claims are only included in the SoFA when
the general income recognition criteria are met
(5.10 to 5.12 FRS102 SORP) and are included as an
item of other income in the SoFA.
**Investment gains and losses**
This includes any realised or unrealised gains or
losses on the sale of investments and any gain or
loss resulting from revaluing investments to market
value at the end of the year.
**2.3 EXPENDITURE AND LIABILITIES**
**Liability recognition**
Liabilities are recognised where it is more likely than
not that there is a legal or constructive obligation
committing the charity to pay out resources and the
amount of the obligation can be measured with
reasonable certainty.
**Redundancy cost**
The charity made no redundancy payments during
the reporting period.
**Deferred income**
No material item of deferred income has been
included in the accounts.|Yes
No
N/a
√
Yes
No
N/a
√
ü
√
Yes
No
N/a
√
ü
ü
Yes
No
N/a
√
ü
ü
Yes
No
N/a
√
ü
ü
Yes
No
N/a
ü
√
Yes
No
N/a
√
√
√
Yes
No
N/a
√
ü
√
Yes
No
N/a
ü
ü
√
Yes
No
N/a
√
ü
ü
Yes
No
N/a
√
ü
ü|
|---|---|
## **Section C Notes to the accounts (cont)**
|**2.4 ASSETS**
**Intangible fixed assets**
**Heritage assets**
**Creditors**
The charity has creditors which are measured at
settlement amounts less any trade discounts
**Provisions for liabilities**
A liability is measured on recognition at its historical
cost and then subsequently measured at the best
estimate of the amount required to settle the
obligation at the reporting date
**Basic financial instruments**
The charity accounts for basic financial instruments
on initial recognition as per paragraph 10.7 FRS102
SORP. Subsequent measurement is as per
paragraphs 11.17 to 11.19, FRS102 SORP.
The charity has heritage assets, that is, non-
monetary assets with historic, artistic, scientific,
technological, geophysical or environmental
qualities that are held and maintained principally
for their contribution to knowledge and culture.
The depreciation rates and methods used as
disclosed in note 9.6.1.4.
They are valued at cost.
**Investments**
Fixed asset investments in quoted shares, traded
bonds and similar investments are valued at initially
at cost and subsequently at fair value (their market
value) at the year end. The same treatment is
**Tangible fixed assets for use by charity**
These are capitalised if they can be used for more
than one year, and cost at least**£1,000.**
They are valued at cost.
The depreciation rates and methods used are
disclosed in note 14.
The charity has intangible fixed assets, that is, non-
monetary assets that do not have physical
substance but are identifiable and are controlled by
the charity through custody or legal rights. The
amortisation rates and methods used are disclosed
in note 9.5
They are valued at cost.|√
|Yes
No
N/a
√
ü
ü
Yes
No
N/a
√
ü
ü
Yes
No
N/a
√
ü
Yes
No
N/a
√
ü
ü
Yes
No
N/a
ü
√
√
Yes
No
N/a
ü
ü
√
Yes
No
N/a
ü
√
√
Yes
No
N/a
ü
ü
√
Yes
No
N/a
ü
ü
√|
|---|---|---|
## **Section C Notes to the accounts (cont)**
|**POLICIES ADOPTED ADDITIONAL TO OR**
**DIFFERENT FROM THOSE ABOVE**
**Debtors**
**Current asset investments**
**Stocks and work in progress**|Debtors (including trade debtors and loans receivable) are measured
on initial recognition at settlement amount after any trade discounts
or amount advanced by the charity. Subsequently, they are
measured at the cash or other consideration expected to be
received.
The charity has investments which it holds for resale or pending their
sale and cash and cash equivalents with a maturity date less than
one year. These include cash on deposit and cash equivalents with a
maturity date of less than one year held for investment purposes
rather than to meet short term cash commitments as they fall due
They are valued at fair value except where they
Investments held for resale or pending their sale
and cash and cash equivalents with a maturity date
of less than 1 year are treated as current asset
investments
Stocks held for sale as part of non-charitable trade are measured at
the lower or cost or net realisable value.
Goods or services provided as part of a charitable activity are
measured at net realisable value based on the service potential
provided by items of stock.
Work in progress is valued at cost less any foreseeable loss that is
likely to occur on the contract.|Yes
No
N/a
√
ü
ü
Yes
No
N/a
√
√
√
Yes
No
N/a
√
Yes
No
N/a
ü
ü
√
Yes
No
N/a
√
ü
ü
Yes
No
N/a
√
ü
Yes
No
N/a
√
ü
√
|
|---|---|---|
**Section C Notes to the accounts (cont)**
**----- Start of picture text -----**
Note 3 Analysis of income
Unrestricted Restricted Endowment
funds income funds funds Total funds Prior year
Analysis £ £
Donations and legacies: Donations and gifts 92,831 - - 92,831 87,326
Gift Aid 19,060 - - 19,060 18,028
Legacies - - - - -
General grants
provided by
government/other
charities - - - - -
Membership
subscriptions and
sponsorships which
are in substance
donations
- - - - -
Donated goods,
facilities and
services - - - - -
Other - - - - -
Total 111,891 - - 111,891 105,354
Charitable activities: Preschool Grants
- 15,712 - 15,712 15,366
Preschool non-grant
income - 20,689 - 20,689 28,444
Other activities
income - 15,804 - 15,804 7,780
Total - 52,205 - 52,205 51,590
Other trading activities: - - -
Total - - - - -
Income from investments: Interest income 383 197 - 580 214
Dividend income - - - - -
Rental and leasing
income 9,914 - - 9,914 14,916
Other 1,762 - - 1,762 10,605
Total 12,058 197 - 12,255 25,735
Separate material item of income: Donations - Building Project - - - -
- - - -
Total - - - - -
Other: Other 597 1,983 - 2,580 2,624
-
Total 597 1,983 - 2,580 2,624
TOTAL INCOME 124,546 54,385 - 178,931 185,303
Other information:
All income in the prior year was unrestricted except for: (please provide Preschool income (£36,401), Special collections (£15,804) and income
description and amounts) from other activities (£1,983)
Where any endowment fund is converted into income in the reporting
period, please give the reason for the conversion.
Within the income items above the following items are material: (please
disclose the nature, amount and any prior year amounts)
**----- End of picture text -----**
**Section C Notes to the accounts (cont)**
**Note 4 Analysis of receipts of government grants**
|**Government grant 1**
**Government grant 2**
**Government grant 3**
**Other**
**_Please provide details of any unfulfilled_**
**_conditions and other contingencies attaching to_**
**_grants that have been recognised in income._**
**_Please give details of other forms of government_**
**_assistance from which the charity has directly_**
**_benefited._**|Preschool LEA
grants
**Total**
**Description**|**This year**
**Last year**
**£**
**£**
15,712 15,366
- -
- -
- -|
|---|---|---|
|||15,712 15,366|
||||
## **Note 5 Donated goods, facilities and services**
|**Seconded staff**
**Use of property**
**Other**|
_Not applicable t_|**This year**
**Last year**
**£**
**£**
- -
- -
- -
_o ASBC_|
|---|---|---|
|||- -|
||||
|**Please provide details of the accounting policy**
**for the recognition and valuation of donated**
**goods, facilities and services.**|||
|**Please provide details of any unfulfilled**
**conditions and other contingencies attaching to**
**resources from donated goods and services not**
**recognised in income.**
**Please give details of other forms of other**
**donated goods and services not recognised in the**
**accounts, eg contribution of unpaid volunteers.**|||
**Section C Notes to the accounts (cont)**
|**Expenditure on raising funds:**
**Note 6 Analysis of expenditure**
**Separate material item of expense**
**Expenditure on charitable activities**
**TOTAL EXPENDITURE**
**Other**|Investment management
**Analysis**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**
20
20
-
40
40
- - - - -
- - - - -
20 20
- 40 40
-
-
-
-
-
12,000
19,864
-
31,864
18,544
14,459
-
-
14,459
14,101
-
40,845
-
40,845
44,164
-
2,320
-
2,320
2,353
-
-
-|
|---|---|---|
||||
||**Total expenditure on raising**||
||Ministry
Mission - church
Mission - support costs
Mission - Preschool
Mission - Other groups
Other Costs||
||**Total expenditure on charitable**
Minister exceptional costs
**Total other expenditure**
**Total**
Premises
Office Equipment
Administration
Manse
Sundry|26,459
63,029
- 89,488 79,162
- -
-
-
- - - - -
- - - - -
- - - - -
- - - - -
24,689
24,689
31,153
501
501
280
5,061
5,061
4,524
3,372
3,372
884
18,577
18,577
12,879
52,200
- - 52,200 49,720
78,678
63,049
-
141,727
128,922
|
## **Other information:**
**----- Start of picture text -----**
Analysis of expenditure on charitable activities
Grant funding Total prior
Activity or programme Activities undertaken directly Support Costs Total this year
of activities year
£ £ £ £ £
Staff costs 0 - 14,459 14,459 14,101
Mission giving - unrestricted - 12,000 - 12,000 12,863
Mission giving - restricted - 19,864 - 19,864 5,681
Preschool costs 40,845 - - 40,845 44,164
Other - 2,320 - 2,320 2,353
Total 40,845 34,184 14,459 89,488 79,162
Prior year expenditure on charitable activities can be analysed as follows:
See above
Preschool Costs £40,845 (2022:£44,079), Various donations to Mission £19,864 (2022:£5,681)
Within the expenditure items above the following items are material:
(please disclose the nature, amount and any prior year amounts)
**----- End of picture text -----**
**Section C Notes to the accounts (cont)**
## **Note 7 Extraordinary items**
## _Not applicable to ASBC_
_**Please explain the nature of each extraordinary item occurring in the period.**_
|**Extraordinary item 1**
**Extraordinary item 2**
**Extraordinary item 3**
**Extraordinary item 4**
**Total extrordinary items**|**Description**|**This year**
**Last year**
**£**
**£**
- -
- -
- -
- -
- -|
|---|---|---|
|||- -|
## **Note 8 Funds received as agent**
_Not applicable to ASBC_
_**8.1 Please complete this note if the charity has agreed to administer the funds of another entity as its agent. Note: If a charity is acting as an agent, it should not recognise the income in the Statement of Financial Activities or the Balance Sheet.**_
## **Agency Receipts and Payments related to CURRENT Financial Year (2017/2018)**
|**Description/name of party**|**Related**
**party (Yes**
**Total**|**This year**
**Last year**
**This year**
**Last year**
**This year**
**Last year**
**£**
**£**
**£**
**£**
**£**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
**Amount received**
**Amount paid out**
**Balance held at period**|
|---|---|---|
|||-
-
-
-
-
-
|
## **Note 9 Support Costs**
## _Not applicable to ASBC_
|**Raising funds**
**Activity 1**
**Activity 2**
**Activity 3**
**Grand total**
**£**
**£**
**£**
**£**
**£**
- -
- -
- -
- -
**Total**
- -
- -
**_Please complete this note if the charity has analysed its expenses using activity categories and has support costs._**
**Support cost**|**Basis of**
**allocation**
**(Describe**
**method)**
|
|---|---|
_**Please provide details of the accounting policy adopted for the apportionment of costs between activities and any estimation techniques used to calculate their**_
## **Note 10 Details of certain items of expenditure**
## **10.1 Fees for examination of the accounts**
_**Please provide details of the amount paid for any statutory external scrutiny of accounts and other services**_
|**Other fees**
**Assurance services other than audit or independent examination**
**Tax advisory fees**
**Independent examiner’s fees**|**This year**
**Last year**
**£**
**£**
400
400
0
0|
|---|---|
## **Note 11 Paid employees**
## **11.1 Staff Costs**
|**Other employee benefits**
**Total staff costs**
**Please provide details of expenditure on staff working for the charity whose**
**contracts are with and are paid by a related party**
**Salaries and wages**
**Social security costs**
**Pension costs (defined contribution scheme)**|**This year**
**Last year**
**£**
**£**
16,642
12,399
244
639
1,073
1,063
- -
17,959
14,101
N/A|
|---|---|
**Section C Notes to the accounts (cont)**
_**Please give details of the number of employees whose total employee benefits (excluding employer pension**_ **11.1 Summary Table**
**----- Start of picture text -----**
Band Number of employees
£60,000 to £69,999
£70,000 to £79,999
£80,000 to £89,999
£90,000 to £99,999
£100,000 to £109,999
Please provide the total amount paid to key management
This year Last year
11.2 Average head count in the year
Number Number
The parts of the charity in which the employees work Fundraising - -
Charitable 0.6 0.6
Activities
Governance - -
Other 1.6 1.6
(Preschool)
Total 2.2 2.2
11.3 Ex-gratia payments to employees and others (excluding trustees)
Not applicable to ASBC
Please explain the nature of the payment N/A
Please state the legal authority or reason for making the payment
N/A
Please state the amount of the payment (or value of any waiver of
a right to an asset) N/A
11.4 Redundancy payments
Not applicable to ASBC
Total amount of payment
The nature of the payment (cash, asset etc.)
The extent of redundancy funding at the balance sheet date
Please state the accounting policy for any redundancy or
termination payments
**----- End of picture text -----**
**Section C Notes to the accounts (cont)**
**Note 12 Defined contribution pension scheme or defined benefit scheme accounted for as a**
## _**12.1 Please complete this note if a defined contribution pension scheme is operated.**_
**Amount of contributions recognised in the SOFA as an expense** 1,073 **Please explain the basis for allocating the liability and expense of The pension contributions relate to the Church defined contribution pension scheme between activities and Administrator, whose activities fall under Ministry, Charitable Activities, and are unrestricted between restricted and unrestricted funds.**
## _**12.2 Please complete this section where the charity participates in a defined benefit pension plan but is unable**_
_Not applicable to ASBC_ **Please confirm that altough the scheme is accounted for as a defined contribution plan, it is a defined benefit plan.**
**Please provide such information as is available about the plan's surplus or deficit and the implications, if any, for the reporting charity**
_**12.3 Please complete this section where the charity participates in a multi-employer defined benefit pension** Not applicable to ASBC_
**Describe the extent to which the charity can be liable to the plan for other entities' obligations under the terms and conditions of the multi-employer plan**
**Section C Notes to the accounts (cont)**
## **Note 13 Grantmaking**
## **13.1 Analysis of grants paid (included in cost of charitable activities)**
**----- Start of picture text -----**
Grants to Grants to
Analysis institutions individuals Support costs Total
£ £ £ £
Grace Baptist Mission 2,600 - - 2,600
Christian Con Trust 9,575 - - 9,575
onehundredfold 1,600 - - 1,600
Wycliffe/ Bagwere 1,000 - - 1,000
Bibles for children 820 - - 820
Home Missions 2,100 - - 2,100
Preschool donations 5,639 - - 5,639
Pilgrim Friends Soc 1,000 - - 1,000
Bagwere (Church/Personal) 1,320 - - 1,320
Barnabus Fund 300 - - 300
Affinity 150 - - 150
CCM 500 - - 500
Tear Fund 580 - - 580
Ashot 2,063 - - 2,063
Drop-in Camp 500 - - 500
Benevolent Fund 250 - - 250
Caring for Life 185 - - 185
Pioneer Camp 230 - - 230
UBM 200 - - 200
Bible Society 185 - - 185
SASRA 180 - - 180
Christian Prison Resources 200 - - 200
Other 688 - - 688
Total 31,864 - - 31,864
**----- End of picture text -----**
_**Please enter “Nil” if the charity does not identify and/or allocate support costs.**_
## **13.2 Material Grants made to institutions - None**
|**13.2 Material Grants made to institutions - None**||
|---|---|
|**_No_**
**_No_**
**_TOTAL GRANTS PAID_**
**_My charity has made grants to particular institutions that are material in the_**
**_context of its grantmaking. Details of the institution supported, purpose of the_**
**_grant and total paid to each institution is available on the charity's web site._**
**Names of institution**
**Purpose**
**_Total grants to institutions in reporting period_**
**_Other unanalysed grants_**|**_Please_**
**_provide_**
**_details of_**
**_charity's URL._**
**_Provide_**
**_details below_**
**Total amount**
**of grants paid**
**£**
-
-
-
-
-
-
-
-
-
-|
||**-**|
||-
-|
**Section C Notes to the accounts (cont)**
## **Note 14 Tangible fixed assets**
|**Note 14 Tangible fixed assets**|**Note 14 Tangible fixed assets**|**Note 14 Tangible fixed assets**||||||||
|---|---|---|---|---|---|---|---|---|---|
|**_Please complete this note if the charity has any tangible fixed assets_**||||||||||
|**14.1 Cost or valuation**||||||||||
|||**Freehold land &**
**buildings**
**£**|**Other land &**
**buildings**
**£**|**Plant,**
**machinery and**
**motor vehicles**
**£**||**Fixtures,**
**fittings and**
**equipment**
**£**|**Total**
**£**|||
|At the beginning of the year||2,371,765|413,668||-|70,660|2,856,093|||
|Additions||-|-||-|||-||
|Revaluations||-|-||-|-||-||
|Disposals||-|-||-|-||-||
|Transfers *||-|-||-|-||-||
|At end of the year||2,371,765|413,668||-|70,660|2,856,093|||
|**14.2 Depreciation and impairments**||||||||||
||****Basis**|SL or RB|Expensed in
year of
Purchase|Expensed in
year of
Purchase||Expensed in
year of
Purchase|Expensed in
year of
Purchase||Straight Line
("SL") or
Reducing
Balance
("RB")|
||**** Rate**|||||||||
|||||||||||
|At beginning of the year||-|-||-|70,660|70,660|||
|Additions/Disposals||-|-||-|-||-||
|Depreciation||-|-||-|-||-||
|Impairment||-|-||-|-||-||
|Transfers*||-|-||-|-||-||
|At end of the year||-|-||-|70,660|70,660|||
|**14.3 Net book value**||||||||||
|Net book value at the beginning of the year||2,371,765|413,668||-|-|2,785,433|||
|Net book value at the end of the year||2,371,765|413,668||-|-|2,785,433|||
**Section C Notes to the accounts (cont)**
**14.4 Impairment -** _Not applicable to ASBC_
_**Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.**_
## **14.5 Revaluation - Not applicable**
_**If an accounting policy of revaluation is adopted, please provide: the effective date of the revaluation the name of independent valuer, if applicable the methods applied and significant assumptions**_
_**the carrying amount that would have been recognised had the assets been carried under the cost model.**_
## **14.6 Other disclosures - Not applicable**
_**(i) Please state the amount of borrowing costs, if any, capitalised in the construction of tangible fixed assets and the capitalisation rate used.**_
_**(ii) Please provide the amount of contractual commitments for the acquisition of tangible fixed assets.**_
_**(iii) Details of the existence and carrying amounts of property, plant and equipment to which the charity has restricted title or that are pledged as security for liabilities.**_
- _The "transfers" row is for movements between fixed asset categories._
- _** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance)._
**Section C Notes to the accounts (cont)**
**Note 15 Intangible assets -** _Not applicable to ASBC_
**15.1 Cost or valuation**
|**Research &**
**development**
**£**
At beginning of the year
-
Additions
-
Disposals
-
Revaluations
-
Transfers *
-
At end of the year
-
****Basis**
SL or RB
**** Rate**
At beginning of the year
-
Disposals
-
Amortisation
-
Impairment
-
Transfers*
-
At end of year
-
Nat book value at the beginning of the year
-
Net book value at the end of the year
-
**15.5 Impairment**
**15.6 Revaluation**
**15.3 Net book value**
**15.4 Accounting policy**
**_Please disclose the accounting policy for intangible fixed assets inclu_**
**_Reasons for choosing amortisation rates_**
**15.2 Amortisation and impairments**
**_the name of independent valuer, if applicable_**
**_the methods applied_**
**_the carrying amount that would have been recognised had the asse_**
**_carried under the cost model._**
**_Policies for the recognition of any capital development_**
**_Please provide a description of the events and circumstances that le_**
**_recognition or reversal of an impairment loss._**
**_If an accounting policy of revaluation is adopted, please provide:_**
**_the effective date of the revaluation_**|**Research &**
**development**
**£**
-
-
-
-
-|**Patents and**
**trademarks**
**£**
-
-
-
-
-|**Other**
**Total**
**£**
**£**
- -
- -
- -
- -
- -
- -
SL or RB
SL or RB
Straight Line
("SL") or
Reducing
Balance
("RB")
- -
- -
- -
- -
- -
- -
- -
- -|
|---|---|---|---|
||-|-||
||SL or RB
-
-
-
-
-|SL or RB
-
-
-
-
-||
||-|-||
|||||
||-
-|-
-||
|||**_ding:_**
**_ts been_**
**_d to the_**||
**15.7 Other disclosures** _**(i) If your intangible asset was acquired by way of grant, provide value on initial recognition and carrying amount of the asset. (ii) Details of the carrying amounts of any intangible assets to which the charity has restricted title or that are pledged as security for liabilities. (iii) Please provide the amount of contractual commitments for the acquisition of intangible assets. (iv) State the amount of research and development expenditure recognised as expenditure in the year. (vi) Please detail the headings in the SOFA in which a charge for amortisation of intangible assets is included. (vii) For any material intangible assets, please provide a description, its carrying amount and any remaining amortisation period.**_
_* The "transfers" row is for movements between fixed asset categories._
_** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance)._
**Section C Notes to the accounts (cont)**
**Note 16 Heritage assets 16.1 General disclosures for all charities holding heritage assets** _Not applicable to ASBC_ **(i) Explain the nature and scale of heritage assets held. (ii) Explain the policy for the acquisition, preservation, management and disposal of heritage assets.**
## **16.2 Cost or valuation**
|At beginning of the year
Additions
Disposals
Revaluations
Transfers *
At end of the year
****Basis**
**** Rate**
At beginning of the year
Disposals
Depreciation
Impairment
Transfers*
At end of year
Nat book value at the beginning of the year
Net book value at the end of the year
**16.3 Depreciation and impairments**
**16.4 Net book value**|**Heritage asset 1**
**Heritage asset**
**2**
**Heritage asset**
**3**
**Heritage asset**
**4**
**Total**
**£**
**£**
**£**
**£**
**£**
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Straight Line
("SL") or
Reducing
Balance
("RB")
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -|
|---|---|
## **16.5 Impairment**
_**Please provide a description of the events and circumstances that led to the**_
## **16.6 Revaluation**
_**If an accounting policy of revaluation is adopted, please provide: the effective date of the revaluation the name of independent valuer, if applicable qualifications of independent valuer the methods applied and significant assumptions any significant limitations on the valuation**_
## **16.7 Analysis of heritage assets by class or group distinguishing those at cost and those at valuation**
|Carrying amount at the beginning of the period
Additions
Disposals
Depreciation/impairment
Revaluation
Carrying amount at the end of period|**At valuation**
**Group A**
**At cost Group**
**B**
**Total**
**£**
**£**
**£**
- - -
- - -
- - -
- - -
- - -|
|---|---|
||- - -|
**Section C Notes to the accounts (cont)**
## **16.8 Heritage assets (where heritage assets are not recoignised on the balance sheet)**
**(i) Explain the reason why heritage assets have not been recognised on the balance sheet.**
**(ii) Describe the significance and nature of heritage assets.**
**(iii) Disclose information that is helpful in assessing the value of heritage assets.**
**(iv) Explain the reason why it is not practicable to obtain a valuation of heritage assets.**
## **16.9 Five year summary of heritage assets transactions**
||**2022**
**2021**
**2020**
**2019**
**2018**
**£**
**£**
**£**
**£**
**£**|
|---|---|
|**Purchases**
Group A
Group B
Group C
Other
**Donations**
Group A
Group B
Group C
Other
**Total additions**
**Charge for impairment**
Group A
Group B
Group C
Other
**Total charge for impairment**
**Disposals**
Group A - carrying amount
Group B - carrying amount
Group C
Other
**Total disposals**|- - - - -
- - - - -
-
-
- - - - -
- - - - -
- - - - -
- - - - -
**- - - - -**
- - - - -
- - - - -
- - - - -
- - - - -
**- - - - -**
- - - - -
- - - - -
- - - - -
- - - - -
**- - - - -**|
**Section C Notes to the accounts (cont)**
## **Note 17 Investment assets**
_**Please complete this note if the charity has any investment assets.**_
_Not applicable to ASBC_
## **17.1, 2 Fixed assets investments (please provide for each class of investment) - NONE**
|Carrying (fair) value at beginning of period
**Add:**additions to investments during period*
**Less:**disposals at carrying value
**Less: impairments**
**Add: Reversal of impairments**
**Add/(deduct):**transfer in/(out) in the period
**Add/(deduct):**net gain/(loss) on revaluation
Carrying (fair) value at end of year|**Cash & cash**
**equivalents**
**Listed**
**investments**
**Investment**
**properties**
**Social**
**investments**
**Other**
**Total**
- - - - -
- - - - -
- - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -|
|---|---|
||- - - - - -|
***Please specify additions resulting from acquisitions through**
_**Please note that Fair Value in this context is the amount for which an asset could be exchanged between knowlegable and willing parties in an**_
## **17.2 Please provide a breakdown of investments shown above agreeing with the balance sheet row B04 differentiating between**
|**Analysis of investments**||||||||||
|---|---|---|---|---|---|---|---|---|---|
|||**Fair value at year end**|||**Cost less impairment**|||||
|||**£**||||**£**||||
|**Cash or cash equivalents**||||-|||-|||
|**Listed investments**||||-|||-|||
|**Investment properties**||||-|||-|||
|**Social investments**||||-|||-|||
|**Other investments**||||-|||-|||
|**Total**||||-|||-|||
|**Grand total (Fair value at year end+Cost less impairment)**||||||||||
|**17.3 Investment Properties - NONE**||||||||||
|**(i) Explain the methods and significant assumptions in**||||||||||
|**determining the fair value of investment property held by the**||||||||||
|**charity**||||||||||
|**(ii) Name or independent valuer, if applicable, and relevant**||||||||||
|**qualifications**||||||||||
|**(iii) Provide details of any restrictions on the ability to realise**||||||||||
|**investment property or on the remittance of income or disposal**||||||||||
|**proceeds**||||||||||
|**(iv) Explain any contractual obligations for the purchase,**||||||||||
|**construction or development of investment property or for repairs,**||||||||||
|**maintenance or enhancements**||||||||||
|**17.4 Please provide a breakdown of current asset investments, if applicable, agreeing with the balance sheet.**||||||||||
|**Analysis of current asset investments**|||**This**|**year**|||**Last year**|||
|||||**£**||||**£**||
|**Cash or cash equivalents (Preschool+Manse)**|||15,573||||15,191|||
|**Listed investments**||||||||||
|**Investment properties**||||||||||
|**Social investments**||||||||||
|**Other investments**||||||||||
|**Total**|||15,573||||15,191|||
**Section C Notes to the accounts (cont)**
## **17.5 Guarantees - NONE**
|
**_Description_**
**_Total_**
**_Description_**
**_Total_**|**This year £**
**Last year £**
**This year £**
**Last year £**|
|---|---|
**Please provide details and amount of any guarantee made to or on behalf of a third party**
**Name of the entity or entities benefitting from those guarantees**
**Please explain how the guarantee furthers the charity's aims**
## **17.6 Concessionary loans - NONE - Note not applicable**
**Amount of concessionary loans made (** _**Multiple loans made may be**_
_**disclosed in aggregate provided that such aggregation does not obsure significant information**_ **).**
**Amount of concessionary loans received** _**(Multiple loans received may be disclosed in aggregate provided that such aggregation does not obsure significant information).**_
**Terms and conditions eg interest rate, security provided**
**Value of any concessionary loans which have been committed but not taken up at the reporting date**
**Amounts payable within 1 year Amounts payable after more than 1 year Amounts receivable within 1 year Amounts receivable after more than 1 year**
## **17.7 Additional information - NO RELEVANT INFORMATION**
**Please provide information about the significance of investments to the charity's financial position or performance eg. terms and conditions of loans or the use of hedging to manage financial risk.**
**For all investments measured at fair value, the basis for determining the value, including any assumptions applied when using a valuation technique.**
**Where a charity has provided financial assets as a form of security, the carrying amount of the financial asset pledged as security and the terms and conditions relating to its pledge.**
**Note 18 Stocks - NONE - Note not applicable** _**Please complete this note if the charity holds any stock items**_
_Not applicable to ASBC_
## **18.1 Please state the carrying amount of stock and work in progress analysed between activities.**
|**Charitable activities:**
**_Opening_**
**_Added in period_**
**_Expensed in period_**
**_Impaired_**
**_Closing_**
**Other trading activities:**
**_Opening_**
**_Added in period_**
**_Expensed in period_**
**_Impaired_**
**_Closing_**
**Other:**
**_Opening_**
**_Added in period_**
**_Expensed in period_**
**_Impaired_**
**_Closing_**
**Total this year**
**_Total previous year_**|**For distribution**
**£**
**0**
0
0
0
0
**0**
0
0
0
0
**0**
**Sto**|**For resale**
**£**
**0**
0
0
0
0
**0**
0
0
0
0
**0**
**ck**|**For**
**distribution**
**For resale**
**£**
**£**
**0**
**0**
0
0
0
0
0
0
0
0
**0**
**0**
0
0
0
0
0
0
0
0
**0**
**0**
**Donated goods**|**£**
**0**
0
0
0
0
**0**
0
0
0
0
**0**
**Work in**
**progress**|
|---|---|---|---|---|
||0|0|0
0|0|
||0|0|0
0|0|
**Section C Notes to the accounts (cont)**
**18.2 Please specify the carrying amount of any stocks pledged as**
## **Note 19 Debtors and prepayments**
|**Note 19 Debtors and prepayments**||
|---|---|
|**19.1 Analysis of debtors**
Gift Aid
Short term loan to minister
**Total**|**This year**
**Last year**
**£**
**£**
5,000 5,000
3,500
-
- -|
||8,500 5,000|
_**Please complete 19.2 where a material debtor is recoverable more than a year after the reporting date.**_ **19.2 Analysis of debtors recoverable in more than 1 year (included in debtors above) - NONE**
|**Trade debtors**
**Prepayments and accrued income**
**Other debtors**
**Total**|**This year**
**Last year**
**£**
**£**
- -
- -
- -
- -|
|---|---|
||- -
|
**Note 20 Creditors and accruals** _**Please complete this note if the charity has any creditors or accruals.**_
## **20.1 Analysis of creditors**
|**Accruals for grants payable**
**Bank loans and overdrafts**
**Trade creditors**
**Payments received on account for contracts or**
**performance-related grants**
**Accruals and deferred income**
**Taxation and social security**
**Other creditors (Baptist Loans)**
**Total**|**This year**
**Last year**
**This year**
**Last year**
**£**
**£**
**£**
**£**
- - - -
- - - -
2,500
1,300
- - - -
- -
10,000 10,000 25,000 35,000
**Amounts falling due within one**
**year**
**Amounts falling due after**
**more than one year**|
|---|---|
||12,500 11,300 25,000 35,000|
**Section C Notes to the accounts (cont)**
**20.2 Deferred income -** _Not applicable to ASBC_
_**Please complete this note if the charity has deferred income.**_
## _**Please explain the reasons why income is deferred.**_
**----- Start of picture text -----**
Movement in deferred income account This year Last year
£ £
Balance at the start of the reporting period
Amounts added in current period
Amounts released to income from prev pds
Balance at the end of the reporting period 0 0
**----- End of picture text -----**
## **Note 21 Provisions for liabilities and charges - NONE - Note not applicable**
_**Please complete this note if you have included in charity expenditure any provisions. A provision is made when**_
_Not applicable to ASBC_
## **21.1 Please provide:**
- **a brief description of any obligations on the balance sheet and the expected**
- **an indication of the uncertainties about the amount or timing of those outflows;**
**- the amount of any expected reimbursement, stating the amount of any asset** _**There are no offsetting reimbursements.**_ **21.2 Movements in recognised provisions and funding commitment during the period This year Last year £ £ Balance at the start of the reporting period Amounts added in current period Amounts charged against the provision in the current period Unused amounts reversed during the period Balance at the end of the reporting period** 0 0
**21.3 For any funding commitment that is not recognised as a liability or provision, provide details of commitment made, the time frame of that commitment, any performance-related conditions and details of how the commitment will be funded (with contracts for capital expenditure separately identified). 21.4 Where unrestricted funds have been designated to a fund commitment, please disclose the nature of any amounts designated and the likely timing of that expenditure.**
**Section C Notes to the accounts (cont)**
## **Note 22 Other disclosures for debtors, creditors and other basic financial instruments**
_Not applicable to ASBC_
**22.1 Please provide information about the significance of financial instruments (eg. debtors, creditors, investments etc) to the charity's financial position or performance, for example, the terms and conditions of loans or the use of hedging to manage financial risk. 22.2 If the charity has provided financial assets as a form of security, the carrying amount of the financial assets pledged as security and the terms and conitions related to its pledge should be given here.**
**Note 23 Contingent liabilities and contingent assets -** _Not applicable to ASBC_
|**23.1 Contingent liabilities**|||
|---|---|---|
|**Where the charity has contingent liabililities, please complete the following section unless the possibility of**|||
|**Description of item including its legal nature.**||**Estimate of financial effect**|
|**Please describe any security provided in**|||
|**connection to the liability.**|||
||||
||||
||||
||||
|**23.2 Contingent assets**|||
|**Where the charity has contingent assets, please complete the following section when their existence is**|||
|**Description of item**||**Estimate of financial effect**|
||||
||||
||||
||||
|**23.4 Other disclosures for contingent assets and/or liabilities**|||
|**Please provide the following information where practicable:**|||
|**Explain any uncertainties relating to the amount**|||
|**or timing of settlement; and the possibilty of any**|||
|**reimbursement**|||
|**Where it is not practical to make one or more of**|||
|**these disclosures, please state this fact**|||
|**Cash on Hand**
**Note 24 Cash at bank and in hand**
**Short term cash investments (less than 3 months maturity date)**
**Short term deposits**
**Cash at Bank**
**Total**|**This year**
**Last year**
**£**
**£**
111,319
86,866
1,511
1,442|
|---|---|
||112,830 88,308|
**Section C Notes to the accounts (cont)**
## **Note 25 Fair value of assets and liabilities**
**25.1 Please provide details of the charity's exposure** The charity is not exposed to significant credit risk. **to credit risk (the risk of incurring a loss due to a** The charity has a low exposure to liquidity risk, with **debtor not paying what is owed) , liquidity risk (the** considerable cash readily available and also access to **risk of not being able to meet short term financial** various and substantial loan facilities if it so needed them. **demands) and market risk (the risk that the value of** The charity has low exposure to market risk, as all its **an investment will fall due to changes in the market)** assets and liabilities are denominated in Pounds Sterling, **arising from financial instruments to which the charity** and it does not hold any financial instruments that are **is exposed at the end of the reporting period and** subject to fluctuations in their market prices **explain how the charity manages those risks. 25.2 Please give details of the amount of change in the fair value of basic financial instruments (debtors, creditors, investments (see section 11, FRS 102 SORP))** Not Applicable **measured at fair value through the SoFA that is attributable to changes in credit risk.**
**Note 26 Events after the end of the reporting period - NONE - Note not** _**Please complete this note events (not requiring adjustment to the accounts) have occurred after**_
**Please provide details of the nature of the event Provide an estimate of the financial effect of the event or a statement that such an estimate cannot be made**
## **Section C Notes to the accounts (cont)**
## **Note 27 Charity funds**
## **27.1 Details of material funds held and movements during the CURRENT reporting period**
_**Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below**_
**----- Start of picture text -----**
* Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds
Fund Fund
balances balances
Type PE, EE R or Purpose and
brought Gains and carried
UR * Restrictions
forward Income Expenditure Transfers losses forward
Fund names £ £ £ £ £ £
For Preschool
Preschool - General R use only 11,877 36,598 - 40,865 0 0 7,609
Held for any
possible
future
redundancies
Preschool - Redundancy R in preschoool 4,995 0 0 0 0 4,995
Held for the
Building
Project to
refurbish the
building and
erect a new
Building Project U hall 0 0 0 0 0 0
Balances held
for various
groups within
the church for
Other Activities R group activity 1,849 1,983 -2,320 0 0 1,513
Amounts
collected for
mission
towards
certain
mission
Special Collections R activities 2,256 15,804 - 19,864 2,305 0 501
0 0
0 0
Other funds N/a N/a 2,826,655 124,546 - 78,678 -2,305 0 2,870,218
Total Funds 2,847,632 178,931 -141,727 0 0 2,884,836
**----- End of picture text -----**
## **Section C Notes to the accounts (cont)**
## **Note 27 Charity funds (cont)**
## **27.2 Details of material funds held and movements during the PREVIOUS reporting period**
_**Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below**_
_*** Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds**_
**----- Start of picture text -----**
Fund Fund
balances balances
Type PE, EE R or Purpose and
brought Gains and carried
UR * Restrictions
forward Income Expenditure Transfers losses forward
Fund names £ £ £ £ £ £
For Preschool
Preschool - General R use only 7,231 43,810 -44,163 5,000 0 11,878
Held for any
possible
future
redundancies
Preschool - Redundancy R in preschoool 9,995 0 0 -5,000 0 4,995
Held for the
Building
Project to
refurbish the
building and
erect a new
Building Project R hall 0 0 0 0 0 0
Balances held
for various
groups within
the church for
Other Activities R group activity 1,583 2,624 -2,358 0 0 1,849
Amounts
collected for
mission
towards
certain
mission
Special Collections R activities 738 7,379 -5,861 0 0 2,256
0
0
Other funds N/a N/a 2,771,710 131,490 -76,545 0 0 2,826,655
Total Funds 2,791,257 185,303 -128,927 0 0 2,847,633
**----- End of picture text -----**
## **Note 27 Charity funds (cont)**
## **27.3 Transfers between funds**
|**27.3 Transfers between funds**|||
|---|---|---|
||**Reason for transfer and where endowment is converted to income, legal**|**Amount**|
|**Between Restricted and Unrestrictred Funds**|**To correct restricted balance amounts**|**2,305**|
|Between unrestricted and designated funds|||
|Between endowment and restricted funds|||
|Between endowment and unrestricted funds|||
||||
|**27.4 Designated funds**|||
|_Not applicable to ASBC_|||
|**Planned use**|**Purpose of the designation**|**Amount**|
||||
||||
||||
||||
||||
||||
||||
||||
||||
**Section C Notes to the accounts (cont)**
## **Note 28 Transactions with trustees and related parties**
_**If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be**_
## **28.1 Trustee remuneration and benefits** _- Not applicable to ASBC_
**None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity**
_**TRUE**_
_**In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits**_
|**_Please give details of why remuneration or other employment benefits were paid._**
**_Where an ex gratia payment has been made to a trustee, provide an explanation_**
**Name of trustee**
**Legal**
**authority (eg**
**order,**
**governing**
**document)**|**Last year**
**Remuneration**
**Pension**
**contribution**
**Redundancy**
**(including loss**
**of office)/ex**
**gratia**
**Other**
**TOTAL**
**£**
**£**
**£**
**£**
- - - -
**N/A**
**Amounts paid or benefit value**
**This year**|
|---|---|
## **28.2 Trustees' expenses** - Not applicable to ASBC
_**If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to**_ **No trustee expenses have been incurred (True or False)** _**FALSE**_
|**Travel**
**Subsistence**
**No trustee expenses have been incurred (True or False)**
**Type of expenses reimbursed**
**Accommodation**
**Other (please specify): Admin and IT expenses**|**-**
**-**
**This year**
**£**
**-**
**-**|
**-**
**_FALSE_**
**Last year**
**£**
**-**
**-**|
|---|---|---|
**TOTAL[ - - ]**
**Please provide the number of trustees reimbursed for expenses or who had 0**
## **28.3 Transaction(s) with related parties - NONE _ Note not applicable**
_**Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have**_ **There have been no related party transactions in the reporting period (True or False)** _**TRUE**_
**----- Start of picture text -----**
Amounts
Relationship to Description Balance at Provision for bad debts at written off
Name of the trustee or related party of the Amount during
charity period end period end
transaction(s) reporting
period
Payment to
CCT for use of
John Heasman is
the facilities
the CEO of CCT
for a Church
and a Trustee of
Weekend
Christian Conference Trust ('CCT') the Church £9,325 £0 £0 £0
**----- End of picture text -----**
_**In relation to the transactions above, please provide the terms and conditions, including any security and the nature of any payment (consideration) to be provided in settlement.**_
CCT transaction was undertaken at arm's length. John Heasman did not participate in the decision to use CCT's facilities given the potential conflict of interest
_**For any related party, please provide details of any guarantees given or received.**_
**Section C Notes to the accounts (cont)**
## **Note 29 Additional Disclosures**
**The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts.** _Not applicable to ASBC_
**There are no matters to report.**