FINCHAMpsfEAD BAPTIST CHURCH (CHARITABLE COMPANY LIMITED BY GUARANTEE) FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31sf DECEMBER 2023 COMPANY REGISTERED NUMBER." 07030381 CHARITh REGtsrERED NUMBER: 1133789
Page I CH -11 The trustees, who are also directors of charity the purp)se of Comp3nies Act 2LX)6, a pleag8J to present their report togets with the finandal staternts the tharity ftr the year ended 31st CceMber 2022. The trust have a(Wed womsions of stateMt of rmEnded prath (SORP) 'Accounting and Remng by thantoes. snd Edin, iss1 in 2019. The truth tsve Compl wth guidan publis by the aHIty Cornm0n In res of put nefit Flnchampstead BaptL£t Church s (FBCS) the mlndUm and Artides rf As$oJa0ns are... The anment of the Christian Farth accordiThJ to nCIpleS of I Baptist dmInath)n whh may Indle, a5 Part of the mLtyon of the urCh, to terit the residents of Finchampstead and the wghtK)urhwJ by a55(arj tC¥M)er the said and the l¢xal authoritles, voluntary and ¢)ther (YgantsatiS in a c(mmon eff¢yt to adva} educatr'on andlor to provkde facSllties In interests of wcial welfare for rEYreath)n aTrJ kISu tlme (Kpat wlth the obJttUve of ImtThir¥J coThllbons of lrfe fcr the residents. other (thtrltab In trt un KJThyjn arfor other part5 of the wtyld. Finchampstead Baptist thurch Charitsb Crynpany Limited fy (knra)tee was InCth on 25th September 2009 and commencèj rwations effect frcth January 2010. to January 2010 all Okratrons of Flnthampstead Ba'St tc)k pl thrcwh Flnthamp5ta Baptist Church Unlncorwrated. On 1st January 2013 HthmL)stead Baptist Churth unlrtorp0ra transfer all rts assets and lia[[tR$ (exduding the FBC tv manses and tonk accwnt) to Hnchampstead Baptlst Urch LIMI by Guarant. The trants nntj to £414287. Tr reaxm some assets remai[ in Anchampstead Ba(ttst Urch was to fulfil our legal cd)IWons to WoklrKJham Dlstrict Councll, who an reemt wlth FirxthamF6teaJ 8artist Thurch UnlrwForated and were suEwuenYy unwllllro to ass•Jn rt to Hnchampstead Baptist Church Lknth1 by Guarar)tee. On 15th EecemLw 2014. the Chty CmISsi direct&J that with etst f 1st January 2015, F+nchampst Baptist Churtt+ UnlrKortxyatad shwhj be treat&1 as fcffliing part of Ffrnthamp5tead Bawst thurch Umrted by Guarantee urthr a single registration wmter, with ¢Jarlty wc#11rVj one set of accounts. The funds of Finchampstead Ba#i5t Churth UnlrKcYFmtql are rerww a5 reStrItt fijnds (See Note 18). The comblned dkirty Is rd&red to as'F8C ¢y Yhe churth. In this reprt nchampstead Baptist Churth timited ty Guararth a1 Finthamrstead Baitst Urch UnirwKYa have the same objts, missi. wsion, mtErS arnl g)vemirNJ document and o)-opere ck)sely. The sole charity trustee of nchaMpstl Bapkn'st 15 FinthampstJ Baptsst Churd) Limlted by Guarantee, whlth ex&cises it5 fiJnctJ) as d)arity trustee thrrwh its thurch memlws and ddr. uslng the proce55es cortsinad in the Prt]'des of arntea1 Bapb'st Church Umlt8J ty Guarantee. The tharity is controlled ty Its g)vuning the myand1n arKI tideS of Asswation o)nstitut& a company limited ty guarant, as defirEd by the Companies Art 2(K6. Trustees a proFx)sed i elected ty the memts of FBC cKt the basis of chardcter, leadtsthip eX[erien and percelv abilty to fulfil the responsibilitses of a tru. The trdin1 and induthon of neV trust&s dewds on thelr exbb'ng experien arKf th¥kgnyJnd.
Page 2 ENDED (cArtInu1) Incorporafjon, Structsr4 Governance and managernt (continued) The trust&5 apwint memtrErs of a Ministry Leadership Team to cary out objects, mission and vlsion of the church on a day-to-day basis. The rnnr$ of the Ministy Leayershlp Team and manage the different teams of employ&s and volunteers. Salaries are revith• annually a5 part of the annikil budget prcws. The trustees approve all salary chatTJe5 take into account bjal aTrJ market considerations as well as the reL3tive W of r$tlIty ex[ rEwlr8J of emph)yee, In rdatlon to the other employ. There are no related party tsnwtK)ns tetWe F8C a1 trustees or senior man&Jers other than those d15cIc6ed in the accounts. Actlvltle• The d)urch offers Sunday seThtes and an eXtenSe yoth arKI thlklren's prc¥Jramme and Is al att in the Ictal communlty. In addition to Sunday pr(Jramme the thurch swwrts C£rtt Group5 and small dlsclpl&lp gnjups and provldes courses leamlrKJ OPP)thnities on a ular basis. Tr Chur(h also suppK)ts actwities allgned with our mL8gon outside of the ktallty thr(wh (knatths to Oth dwritoes and individuals in the UK and overseas. Around tsvaty tcent of incm dLTht8J to the thurch is donat&J to other tharit with chatable objects that are in line wlth the driS charitable Obts, (K to supFM)rt other missionary actNlties which allgn wlth the tharW5 charrtabk objectives in the Unit8J Kingth)m and oversw. In 2023 £45,235 was don&ed to ottw ttwltles or set askle for cptbjtsnltles ¢JJtslde wr exi5bng communlty. The charty also OFrates the FBC Centre. W7thin the FBC Centre thurch is able to wowde many facilltles for the communty. incllth a café, a S[5 hall r[)$ dub5 and thet to rent. The FBC Centre also hosts a thildn s centre and a Ittrary by the bcal cwnctrl, as well as Offl for the parlsh coundl a1 the local PdKe. Flnchampstead Baptist thurch works c105ety yth partss to tenefit communlty, includlng the Woklngham Borough Cwnol Chlldren's Centre, Tr Woklngham BOr0h Coundl kntary, finthampstead Parlsh CnCIl. Gorse R(de Sth))Is, e4)hunt Sthr1 Wcftgham, Link viSrj 5dMe, SHARE Woklngham arnl I1 Polte. FlrKhampstead BaFdst Churth Is w grtdul to Partsh Cth1 vthkh (kn?ted £12,(M)O to FBC fc Youth and Chlkjren's ¥vork In the year. Statement ¢)n publlc benefft We confirm that FitKhampstthJ BaFtist thurch carries out ath.?tieS that are in acccffthrKe wlth Its charitable objects these artivities are for of the wblK.
e3 11 THEY (crtlnued) Achtevements and perforniance The activit5 of the Charity are proVd by staff army unteerS. The of staff play a vrtal role in helping the charity to fulfil objects. VIOn and missicm to Maxim the nefft to public. Volunteers aLso a very 9ft[fant roie in the Ilfe cl charty and a wtal In njnning athvite5 and groups. The maR¥ity of trustees are wluntew5 aThJ all volunteer with FBC in one cf more diffent roles. At the teJinnirrtJ of the year thwe were 32 mwnbers (rf siaff and at ts end of the year the tharlty had 44 memter5 of staff, 13 on pennanent caCts. FBC is alway5 Ic¥)klro ts way3 tr) cOnts'n to wth arKI Icol ccmmunlty, for example, cooklng mea15, dolng prarttal Jobs or Maftg baby t¥Jxes fv faMilS refer to U5 by the Chlldren s Centre. This has teen made [sble through the work of a t&im of volunteers. Our Communlty teams have been instrumentsl in a numter of wOts thht the yew, partrwing with other local agen to brtng suppyt to vulneraLle pg In our community. We partner with SPL4RE Woknngham, a Irxal tharty worklng to tsckle fcth waste. We colw surplus fc#)J from wtsjksalers arMI Icral retallers - this fcoj 15 gfven away free to in ccxnmunty who w(MJld Ilke It. We host a thring FrndshIP tsble In assoclation wlth Tr FrtshIp Allbno. Fntship lth Ls a frIend, welcomirrfJ pla the F8C cent for lple, who mkjht (thwwbe feei 1501ated or lonely, to and JoY a hot drlnk and a chat wlth others. Flnance revlew During the year enthd 315t December 2023 the thwth had a totsl of £804,291 (of lch £252 479 was from donatic5 arKI grants, £536,891 was from the 0rat1 of the FBC Centre and £14 921 from investment inccffie) and a gain on investrnents of £5,392. Totsl extW6es we £841,551 re>j1r1j In overall rt exrmdlture the sEar cé £31,868. Income from Crt)natior6 and CfftrlrvJs 0nUeS to be Iw than we.pandk Ie15. pla for the futurn The 1cw.term alms of the chwd) (FBC) a to fu1 wr ctyls and mlsslon. mlssion of FBC Is to help people find a1 follow Jesus. Our prioritS are fc(Ltsed on helThj ILS betttr fuWII thts purwise thro oursljucture, knJramme and on Partnershlp. Strurture. We want to ensu that we have ts cc¥rect staff, leadershlp and unteer StrtUre that enable us to fuffii our objects arKI mISsw. Thts invth5 rv4wiThJ staff t¥)sitN)ns arx1 rc4es, Identing the rosIOn5 we neal to adjust cff ueate. PrchJramme - We to ensu that the thirus we (kn are fLw&I on Felplng us fulfll our purpose. Therefore we will reN e¥h a¥ of the t¥jramMe ag31nst the tNwall purpose of FBC, ilentfyirvJ the areas we ne&J to adh6¢ st(y (Y (te in (Yts to our als. Partnership- During 2023 we relaunc r.mberShip. prrgrnmme the heajlng of'Partnerthlp'. Thls Is aim&J at pIe who a fulty er in lrfe missth of FBQ helpirKJ them continue to be a central part of our organisation arKI community. We will c(x)tinue to lId this w the comirMJ years, seeiThJ m¢>E ply1 b)ft Partss of FBC, parts1 with us on c¥Jr purw5e mission.
(continued) Our rerVeS FL)licy is to retsin &J4uate res¥ves to conb'nLE 0[erat for 3 morths, currenty this is estomated as £130,000. The availab res are (abj1 as unrestrf(td net current a55ets. The unrestri(Xed net assets hdd on 31st Dnber 2023 amountal to £173,819 which exce8Js the requlrej amounL Golng concern and defidt The trust expect FBC to contirwje as a going correm in the fuhjre. Aithwgh the has ken a defiot In cent years, the continwl frcyn restTi¢ons of the FOndnIC are demCStrat&J In the growth In C47sh fiows from Orats'rNj actiwties. Penslon IlablllU¢• One of the full-time memtws of staff telcfflgs to a LEnefft namely the Baptlst Union xheme. In recent years the Cefined BenerrCsd has teen In defiot and FBC had to make addltional deflderq contributlons towards the fuThY. thjring 2022 the trustts of Battist Unlon pension scheme agr a tyJy-In with a listed Insurance provid& that Is protected ty the FSCS, to tske over tke future liabllrfcies for the nSIOn scheme in exchange for a premium. This agreeMt means that the WSIC furNJ is no knger in defic and the FBC regular contributions to the shortfall in the rEnslon sChre 15 l¥nrted to El a rntth. We further do not have to Indude a slon fund liablllty on the balae s sks The charity carries t a compYeWve Msk assessm annualty. revÈws are earrted out by the managers respmslble for the areas of rlsi Act1 are taken to address (Y miti'gate all areas of dsk identifi&J. The signlflcant rfsks and corre¥ing saf83uards are lfrtsl bekjw. Safeguarding of Children Adults at Rlsk- A OJMpreh saf8JuardiThJ wllcy Os In ple aThJ ajheren is monitoral. F- A fi txc£&ure has trAen and staff have traineAI. Rlsk of injury or ham to users of FBC Centre- Health & Safety Fdlcy Ls kn Fkne and adh¥115 monItol. All swrting artivities are insured and coths are First Ald trained. Food health & safety ~ Cafe staff are train&1 on ftKJl WeratiOn. Volunteers for SHARE Woknngham fc(¥J distribution are traln&J on SHARE Wokingham Folkies. Small number of iWe in Lethship Team (MLT) means sNJnificant impact on OFeratlons ffanyone leaves or is off work for a perbd of Ime - Staff malntsin for W athvrties to redu the hnpart of any absen or loss of staff.
Page 5 ED {cA)ntlnueAI) Slgnmcant factors and events 4nce the year end The trusttts a Th)t aware of any srgnfftirt fblors that are likdy to afft the financial perflan and pcsition of the charty go1 forward. The trust are aware of the c(¥]nL ir#y&ise In in the uea and continue to wlore how the charty might LE5t offer its services to the growiThJ bL71 FrylatiOn. Statement of Trustees. Responsiblllti The Trust&s, are also the direct of FirKhaMte Bapty'st Churth LIMIj by C)Jarantee for the purpose of company law, are resrx)nsible fty preparirrfJ ts Trustees, ReFtyXc and the nts in aC0Ydan with appllcable w arKI United p£cwntI Standards {Unitad Galty Aaw Accountlng FaCtI), Company law requlres the Trustees to ac£ounts fc &xh finarnial year whkh glve a true and fair view of the state of affalrs of Tharty, arKI of the Ir(r and of charltable C(panY for that year. In preFerfng these ac£ounts tr are to: sew suitabk accLwntlThJ pcllcjes aKJ them ccL$ltiy. make Juth3eTrs and esiimates that ¥e rea8cab1e KI pnKknt; a1 prepare trE accounts on the c£rthn lLS unth f£ Is Inapwqxkte to presume that the Charlty wlll continue In OFerats)n. The Trustees a reS[sIble fcr keepiThJ adequate accojnty'ng rd$ that diOse with reasonable accuracy at any me the fInala1 FX)Srth)n of Charty a1 enab t7 to SUre that the accounts comply wlth the CpanES Att 26. are alx¢ resFonsIe f( safgJuardlng the of the and hen for takng reasonable steps for trE wevelti and detth of and (ts trUlarItIeS. Each of the dlrectors has conflrm&J that tlve ts no Inf(mn of whkh tfv are awa that Is relevant to audi¢ tKrt of which the auditor Is unaware. Thw have ftJttw confirn&l that ttw have tsken apprwiate steps to identlfy such rele4ant Informatth aThJ to e5tabllsh auditcffs are aware of sud) infcmation. ReferuKe and admlnlstratlve detall# reg6stered numtw.. 07030381 arty rÉ¥Jistul number: 1133789 Regtered offKe: FBC Centre Rlde North Flnthmp5tead WokhYJham, Berkshire, RG40 4ES
Page 6 ES. REP (c(mtlnuedJ Thomas Fox, Dad Goodman (Chalr), Kate JthThstone. Rathl Robets ar#J . ChstOpher Slmi*lns seNed throhoUt the year WWE In Offi at the date vthen the acwunts were approved. James Gallagher, Martln Pluve5 and Sardh &mpS serveAI up to 22 Novembw 2023. Davkl Prnin was appointed on 22 November 2023 and resEgned on 19 January 2024. thrfs Smpkjrfj, Lead Pastor), (xythiLs the day.ttrday marwganent of the Chatlty. Audltor• Knox CropFer LLP, offl Sulte I, Haemere HIXW LIy• Srt Ilaslemere, GU27 2PE anker• SantaThJer, Brtdle Road, Booue, Mwswslde, L30 4GB CAF Bank, 25 Hlll Avenue, KjrS Hlll, West Malllng, ME19 4JQ BOSC, 6th Floor, 33 Old Broad StreeL Lothn, EC2N IHZ Scott15h Wld¢Jvs, 67 Moth50n Street, Edlnburgh, EH3 8YJ Shawbrook BanK Great Warley, Brents, ESN CM13 3BE Solldtor• Anthony Colllns Solldtors, 134 Edmund Str# Blm)lThJham, B3 2ES Slgned on behalf of the ix)Jryl DlreLt(Ks ttE fnLStees Dlrector and Trustee Date: 37 &fkrfkr 30JF
CH Oplnlon We have auded the financial stateMts of nChampSt&I Bati5t (Urth (t,charlIab company) for the year ended 31st December 2023 which cc¥nprise statement of financial aXNib'es, the balan sheeL the staternt of cash flows and notes to the finanaal statements, indudir¥J a wmmary of significant accountlng poliaes. The financial rekx)rtirrfJ frameworf( that has be a[VI in their preratic is aPpIable law and Unted lfjngdcxn Accounting Stsndar(ts, induding Rnanoal Rq)Nb'ng Stsndard 102 7TJe Finaxial ReAwb7g Standydwicabki in the UKandRewblK ofIre/and(United fneralty Accetsj Acctyjnb'ng practi). In our 0'n1t)n, the finandal Statnts: gtve a true and fair vlew of t ststs of the tharitsNe coMpS affairs as at 31st Derner 2023 arjd Its incom1r res0W and awication of re9Yjr for the year ended; have In prwly prepared in accordarre with Unltsd KiWom Gentrally Accept Aco)untlrwJ Practi. and have le Ppal In acccdarKe the requirements of the Companies PLt 2006. easls for oplnlon We coTrJucted cmjr wjit in acoNdan wlth Inte11 StarKiards on AlIng (UK) (ISAS (UK)) and applicab law. Our responsibilib'es under those staThtsrds a fiJrther descriw in the AudIt¢S resp)nsIbilie$ for the audlt of the financial statements s&1kJn of our retty)rt. We are ltynt of tab crnipany in accordan with the ethlcal reyulrements that are rdant to (Jjr alIt of ttE financial 5tatefflts in the UK, including the FRC'S Ethical Stsndard, we have fiJlfill&J wr rther ethKal reSF#)nsibilitse5 in with these qulrements. We belleve that the at&Jit eVIden Y have obta¢neAI 15 sUfft and apwcylate to pn)vlde a basts for our oplnlon. Con¢luslons rel•tlng to golng con¢•rn In audiknro the flnala1 statenents, YK 3Ve corKlUdl that IJE trusteeg use of the golThJ conrn ba515 of acccmjntlro In the preparaty of finarxsal ststements 6 apEYcwate. Based on the work we have perf1 have not kti any material urKertalnUes rdatlng to events or condltions that, Indlvldually or coll•, may ost Snrfknnt th)ubt on the chanvs a'lIty to continue as a gol COnM for a peri(xl of at l&ist efve months from WI the finandal statwnents are authori5 for issue. i)Jr S[4)nS'1fts and the resr)wbilrtks of the trleeS wtth respett to golng concem a descAbed In the reltwant of thts rep Other Infomwt The other inf(xmation ccKnprlses the informatth irKlud&l n tre ann¥ reFKNt, than Ihe flnartial statements and our auditorfs reF*Jt ther. The trust are res[lble the other infonmation. Our opinion on the finanoal statements dces t the other Infrnat , excett to the &xtent othawlse expllcitly stated in wr rep rKk expw any fcffm rffj rn oThJusion rn. In cOnrn with our audtt of finaal statttwts, our resp)ngbilty is to re& the other Infcrmatton a1, in doing so, consider wFts the other infomiatK)n is matalalty Ir15t with the finanoal statements or our knowledge obtaiwl in the alIt or othrn akwrs to te materially m8]. If we identfy such material inconsistencies or apparert matWk31 Mistatets, we a requiral to determine whether there is a materSal mlsstatement In the finanoal ststeffts or a material rnernent of other infmnation. If. based on work we have pthmed. we cOll that there is a material misstatement of thls other inftymab'on, we are required to report that fatt. We nothiTrJ to repx)rt in this rwird.
Icontinuod) Oplnions on other matters pre&71beAI by the Companles Act 2006 In our opinion, bas&1 on the work undwtakeJ) in course of ttE aLklit' the infonnation gi in tnJsts' rert, whth irKludes the dirthrs. rwt wepared for the txjrposes of comF47ny law, for the finarKial year for whKh the finanaal statts a prwired Is consistent with the firk3ncial statements. arKI the directors, report Ind wrthin the trustees, reFMJt been wepared in aC0)rdan wth appllcatle legal requlrements. Matters on whlch we are requlred to r•wt by ex¢•ptlon In the Ilght the knowledge urxlwstaThJlng of the olirte thmpary Its envlronment obtained in the course of the audK we ha KkntJfi&l rriknial misststemats in the directors, port Included within the trustees, report We have nothing to repyt In of the folkjwlffj matter5 in ratK to which Its Companies Act 2006 requlres us to report to you rf, in our opinion.. adequate and proFer accounbThJ rrdS hol rrt t7 kx ty rrn5 aJ4uate ts our audlt have not been received from brarhe$ not vtsited by us. the flnanclal statements are not in agrefftnt wth ts actountiThJ records and retyms; c certaln disc105ures of trust&s' remunention stYfied ty kiw are not made: or we have not received all the Infcffmatk)n explanatic6 r1 for our aL•JIt; ly the trust5 were not tit to Ery)are the financial ststerws in acr(ydan with the small c(ynpanks regime and tske thantage Lrf the small comn, exempts'ons in weparing the trust$, reF(rt and from the reyuiremert to prepare a strategic rerKrt. R•Nponslblllth• of tru•t¢ As wlalned more fulty In the bwtees. rts[MbIlOttes statewB s& Ixt page 5, the trustees (who are also the dlrectors of the tharitable CLpanY for purrM)ses of company law) are re5FQnSiFe for the preparatlon of the finandal ststements aThJ fy telng satisfi that ty grve a InE 3F falr vie, and for such intwnal t as the trustees knine is rsary to able Its preparation of fiTh3ThJal statwnents that are fr from material m&statemen¢ whether due to fraud or wror. In preparing the finafxial statements. the trust are respjnslble for asse5slng the compary's alIty to conlnue as a golTrJ concem, disctsiNJ, a5 applICae, matters related to wlng concern usirKJ the gng concem basls of accountirrfJ unless trustees ether Irtd to Ikwtd the c¢pary cr to cease opwakns, or have no reallstlc alternative but to do so. Our respon•lbllltle• for the audlt (rf the flmndal Our ctrtives are to obtsln 9)nale as9JrdrKe atwt wtrth the fina1 statts as a wM)le a free from material misstatwnent, due to fraud or uror, arkj to 159Je a ReEKrt of InthTrJent Auditors that indudes (xjr opinion. Reasorkible assuran is a h]h I1 of arae, lyrt is a guarantee that an audit coNlucted in accordan wth IS45 (UK) wlll always det a material mlsststement when it exists. Misststements can arise from fraud or error and we COrthI rnaterial , Individualfy or in the aggregate, they could anablY be expert&4 to Influ¥ ecorKmiC d&dsIC cl us95 on the basis of these financial ststements. Irregularrties, IldiJ fraAI, are In5tsnce5 of r-(clrI1are wfth laws aThJ rgJulati(ms. We deshjn wctedures In Ilne with our res[Y)nbilTtje5. (Krtliwl ate. to detert mater5al mi55tat¥nents in resw of IrrulatIe$, induding fraLKI. The extent to whth kvrKalures are capable of det&tiThJ iryularits'es, Ir1J0ng fraud is detailed low. We ottsined an Understar1r0 of the bjal aThJ regulaW frameVK* that are awth2ble to the drity ar detemiwl that the most signfficant are the naThjaI RHY)ng StsrKlard 102 'The FirkHncial Repcwt(FNJ Standard applicab in UK and RqbI of Irelarkj, (un0 (knetally Apt Accounting Practi) and the charit SORP "PoJyrtlrKJ Rwb'fvj ty Chajities: Statemert of RecMendj 147ttl".
NT UD Pèje 9 (c(xrtlnued} Our responslbilltlas f( the audit rf the flnandal Stat lo)ntinued) Charity is required to ccThply wth tharity jaw and, tosed ijn know of Its thitses we Klentir that the legal reqUireMt to acajrately w)unt for rbictl fiJrKts was of W snifican. We understcM>J how the thanty Is cc¥n wth those framew5 Ma communication with those charged wth gOvernare, tc¥ptTrEr wfth miew of dri5 d(Wented le$ and prlUreS. We asse5s&I the sptibIllty of tharivs finala1 statemwtts to maten'al misstatement, IndudlThJ how ftaud might cccur ty consideriNJ the key risk5 impactirrfJ financial statements. TSe induded rf5ks aswat&l wlth Rue Recc¥Jnlb'on armj Manwient (knde of atrolS. Our aptyoach induded agreeiry tr d)ariVs reccgnitth IA Inccrne to the tnS (rf the underlylng grant agreements and a53t c(YresF0rKkn, the revJeV Ofn31 entrEs prcKeswJ in the accountSrKJ rÉrords aTrJ the investsgaknon of Ignffaftt and unusual trans&lh)ns idttlfied frcrfn wr of the aLrountlrKJ reo)rds. Our OFvfc4Yh was also to ttMIt all restrIctl Irthm was wr4)th Identifbj and separateFy COUnteI for and to erU that ry)ly valid and appropriate exFeTrliture was chty to restrited funds. This include revthin9 Journal adJLtstments and unusual transxtknns. Based on this urKkrstsndlTrJ y desKJned our audlt to thtify non-LvmplIan with such laws and gulatbons. Our PrC(edU invcAved revieht of the rertytiro to the dlrthrs wTrth resprt to the applScatiLY) of the d¢xumented p)licÈs and prc(edurts and revEw of finaal Statanfr to ery5U Complian wlth the pts'n9 requirements of the drtty. There are inherent limi&itKK6 in the alIt prcK&dures abM aNI, trE fiJrtlRr remov8J non-comp11ae wlth laws and reguiatlons is from the aThJ transt¥ rdlect8J in flnancial ststements, the less Ilkety we would trne aware of it. Tr rfsk of not detect. a matwial mIsStatemt due to fraud is hher than the rbsk of not dewng one resultyw from error, a5 fra may Invofve deFIte ccrfwlment by, for example, for or Intentional Misrepresentat5, or through thI1ust. A further description of c4Jr respMytslb411ties foraJlit of the finandal slatwrts ts Ic(ated on Financlal Rewrtlng Council's vlebsits at.. . Thls desulpkn fcKms part of our audltrfs repcrt. Use of our repct Thls Is made solety to I dwitsble aJnFOrfs member5, as a iKth, in accordan wlth Chapter 3 of Part 16 of the Companies Att 2DJ6. Our aLxIit VKYk $ been uTrJertaken, g) that %e mlght state to the charitable company's members those matters we are ra]Uir1 to state to tFwn in an al+tOrf$ rewrt and fty no other wrpDse. To the fullest extent pemiitted trry law, we th) Th)t accept assunE resrKmsibilty to anyone other than the charltsble company and the tharitable cwipans mwntV5 as a alt wcrt ts this rwrt or for the optlons we have fcrrn8d. Matthew Elknrs FC4 (Senlor Statutw AaItOr) For on befolf of Knox crop LLP Charte) Accountsnts Ststut(My AwlttcKs offi Suite I, Haslemere Hoe Lower Street Ha51emere Surrey GU27 2PE
Page 10 Ill I
Page 11 DE 1ST 2023 2022 FIXED ASSErs Tangib A$5ets Flxed Asset Investm&ts li 12 4,518,508 4,576,132 4,948,752 4,576.132 CURRENT ASSErs Debtors Short Temi Investsments Cash At 8ank and In Har*J 13 14 15 28,110 64,214 255,860 292 882 612,956 211 240.CKKI Credltors: Amounts falling due withln one year Net Curmnt A•Mts 175,727 580,215 £5 124 479 £5 156 347 REsfRICTED FUNDS UNRESTrICTED FUNDS 17 17 4,901,437 4,936,091 220 256 £5 156 347 £5 124 479 The Flnandal Ststements have be in wlth the spthl wovtsl(xs (f Part 15 ofthe Companles kt 2006 relatlJYJ to small companres. Approvej ty the TrUstS a1 sIgnl cffi tr behalf mas Fox Date: Comrony Regtstered Number: 07030381
Page 12 Total Funds 2023 Total Funds 2022 Cash flows from oFeraUng acbvttEs: Net cash wovtd&J by (us&J in) cperatlrKJ Cash flows from investirg 1ljes. Income from Snvestsnents Acqulsjtlon of investments Purchase of Tangibk Féx&d Assets Net cash wovkl&J by InStIng 85,448 29,085 14,921 (413,536) (23.685) (422.3) 1,336 1,336 Change In Cash and Cash EquNaltt in tr reprrtlng reriod (336,852) 34,021 Cash and Cash Equlvalent at the beginnlng of the reportirrfJ FerkJ Cash and Cash Equlvaent at tr end of the reptIrj perfod 548,742 518,321 £211,890 £548,742 Net (Inccffle)/wendlbJ for rqxytlrwj as per the Ststement of Flnandal kb Income from investma)ts (Increase)Ideuease In ¢kn Galns investsnents - realis&J Gains in Investrnents - unrealised (Dffta)/ln¢Jease In (rtlltys Dqxerk?tic (31,W) (14,921) 36,104 (11,316) (5,392) (31,532) 493 (1,336) (16,298) (35,249) £85,448 £29,085 Cash at bank in ha1 Notth depo&ts (kn than 3 m(th) 211,89) 292,882 255,860 £211,890 £548,742
Page 13 AccouririNG POUaES These accounts have tEen wepared under the hi5tortsl cc6t ax)vention wtth item5 rLrTranised at $t of transatth)n value unless otherwise sta1 in the rethnt tK)tes to the accounts. Tr flnancial ststements have be prepared In accordan with the AcCnting Re)thng ty ChMties.' Ststement of Rerommended Practke applicable to chanbes ppant¥j tha'r &ccMJnts in acCOrdar wlth the Finanaal Rewrting StsThJard aw)licatAe in the UK aThJ Rq)ublic of Ireland (FPS 102) s Editts) issued in Ottot 2019 and t Conpanks 2006. On 15th tlecemt 2014, Charty CLwnmlwon drrth that with frcTh 1st January 2015 Flnchampstead Baptist Church (UnlrK0rk)Naj Sh(h be treabj as ftrning part of Flnchamkead Baptlst Churth (cPk3ritab Company), a single reglstrabon numLv, with the TlUng one t of accwnts wlth ttE fiJts of linked ttrity. belng retMytsY as restricted hjnds. The CharltatrAe Company C a befft tIty as defi1 by FRS 102. The Trustees ojnstder tlk3t tkEre a Tr) rOnal uncertalntfjes alt the allble Company's ability to continue as a g)Ing concem. The most Sgnlflcant areas of unc8tslnty are the continued supwrt from Offerings and aThl any in e (l knllbes at the Ctre. b) Income All Income is rec(yils&l 0rItable Company has to the Income, It15 FKobable that the income will k recelved Its am¢Jmts of inC(e rrriable can te m&isur&l reliably. Donab'ons are induded when Charrtatde Company tec(Yts entlded to the thy)atK)ns and the value can be rellably measured. Tax recovuable b accountss for at same tlme as the gft to whlth fv late. Interest on fvnds FEld ¢)n b5 indud&l when thable aTrJ trE amount can te measured reliably by the Charftable pany. thus is usualty not0fica0n the interest pald by the bank. Expendlture Liabilities are reccgnts&J as eXpd[le as sLTh as thwe is a 1 cff C[Ste obligation ccnmitting tharitsb Company to that expeThl1ttj, It is ryotgble that settlwnent will be required the amount of the OblatiOn can measured r7Y. 1 exFthJ1re Is acC(ntaI on an ac(Tual basis. All exttrw induding SUFp( L¥*s goVUrhwe costs are alknatay or ap11 to the appltsble exFendItU he&ding. d) Volunteer Help The value of volunteer 1p recewj is rKt Ind lli bjt is an essenti part of the work of the thanty.
Page 14 Icontinuofj ACCOUNTING POUCIES (conunued) Tangible Flxed AMets Fumf(ure and eqUIlent are (apitalised rf tty on te usal ftjr m(we than one year and cost at least ,000. are valu&l at cost or e5timateJJ mwkd value arKI are on a straight line basts over 3 years. ProiErties are account&1 for cn a coMrXt cost basis with each comK)nent being pated over its estimat onoMiC Iffe. The pnnc1rl comp)ts idthfi and deweaatkw rate applW to each ojmkmnt are s& kfow.. LaThJ Maln fabric Nct dqyea'atal (er 125 years (kn 50 years <knr 35 years 25 years 25 years 20 years 15 yeus 15 y5 15 yws Rf structure arKi (ONErlrvJ Wlrkn & extemal Oxys Mechanical systems Kltthen Flre Alarms Fund A¢countlng Unrestricted funds are avallable for use at the discrethjn of the Trusts in furth¥aft of the general obiects of the charity aTrJ whkh Th)t been tsignated ottEr purF#W. Restrid8J Funds a funds whth are us&J in accordan wth wific restrictions imFwI by &Mors or whith have bn raised by the tharity for particular purrtses. The costs of raising arnl admlnlstrafjng SLth fijnds are charged against the specific fuThJ, Tr alm and usetff each re5tr1ttèJ fvnd Is set in the tts to the financial statements. g) penOnI The charity partlcipated in a deferrt)J tenefrt sokne whith ciNeJs the thth'S Mlnister. The xheme was mIniStrat by Brcdstfft Consultsnts aThJ PLtuaries Mtsd. A5 charty was Unab to Ident Its share of uTrng assets aTrJ Ilabllrues, FRS 102 r4uires cc6ts to te accountejj fty on tl basls of contrfbutlons payable to Sttle In ythr. The charity also pays Contrit5 to StskdVknsd ijn tehalfof its other staff. These conthbuuons are acc(MJntsl for in the Statement crf 14]be$ when paymts fall due. h) Slgnfflcant Managanent Judgements and Esumatlon Unctrtslnties The following are the critical judgements a1 ty s¢yJrces of estunation uwtslnty that the tiith have made in the of atvfwng the charrfs thInting wStcies and that ha the mo* significant effect on the amounts rn1 in t financia5 statwwts. depreciatlon of assets ts bBS&1 M&V$ estimate of thelr usthrl Ilves which Is kept UTher revw.
Page 15 -11 DBY {tInUed) DONATIONS AND OFFERINGS 2023 2022 Totsl General Misslon 214,2 2281 217.273 206,019 Grants GIFf AID RECOVERED Generdl Mission 214,992 2,281 217.273 206,019 4,OCK) 35,206 35,206 27,508 £252 479 £237 527 INVESTMENTS Int8e5t on Twm Investments £14 921 OTHER TRADING AcrJvrrIES FBC CENTRE INCOME Catering Facllltjes Savlts Charye 204,&JO 195.366 204,69) 195,366 177,028 167,262 YoiJrH INCOME Finchampstead Parlsh Actfvlty Fs 515,149 515,149 443,583 12,C(rf) 12,CilO 12,CQO 60 £455 643 £536 891 CHARrrABLE AcnvmES FBC Centre Expenses (Note 6) Ministry Missionary G6viThJ (Nce 7) Communlty, Fuel and Fc(KJ Povaty FBC YoLrth Outreath Costs Utheep of Premises General Surp)rt Costs (Note 8) ProFty DepreCiatn (Note 11) 486,752 186.145 45,235 486,753 186,145 45,235 1,917 15.672 417,195 150,480 33,549 2,254 12,076 11,626 11,072 1,917 12.IXM] 3,6T2 24,923 24,923 £841551 £717 515
Page 16 Ai (contlnued) FBC CENTRE EXPENSES 2023 2022 Non.Servlce Charye EX¥ Cost of GIS Sold staff Expenses Prcgramme Exnses Uk*eep of Fknises Total Non.SeNke Charye Expenles 85,336 107,455 1,305 61,712 98,294 2,091 162,697 194,106 S¢r¥lce Charye Expen Audltor, Accounting F&5 Software Bank Charges Dues, Subscriptk)ns arrtl Se$ Ullitles - Gas, Water Eiknidty Facllltles Upkeep, Repairs and Malntenan Insuran Expense markeng Materials Non-Reclalmable VAT Stsff Expense5 Offlce Expen Security 4,023 965 2.533 4,897 1,430 32,384 93,015 11,250 123,677 7,504 120 23,362 85,845 3.155 1,779 18,543 83,043 4,515 2,023 Total EXP £486 753 £417 195 Service charges refw to FBC Cth ex[ that a f(x bwEfft of all users. A prowrbon of these charoEs are rtharged to the tants and the alkxatkn of tltse ttorges Is Lwed on area.
Page 17 ARrrAB ThEA OTES T TE (continued) GRAKfs: MISSIOMARY GMNG (INCOME AND EXPENDrnJRE) The FBC has set aside 20% cl unrestr Gewal Ful kne to t giv fw m1ssiry c3uw. Mlsslonary Givlng 20% of General furKi Given In year (£250,1} Grants dung year ( iElow) Transfer to Miss10 GivirKJ Fund 50.039 44,891 4,804 11,342 Breakdown ol the 200/0 of Gen•ral Fund gIn In 2023 Grants made to In•tItsOnI Trtal Amwnt ol Grants Pald Furth& Fats UK Soltlscape Baptist Home Misslon BMS Wortd miss¢ Evangelical Alliants and BaFtst unl bsO1pti Christlans Against Ptherty Innovlsts 5,304 SJpFyxUng UK Churthes Lcol area sChIS UK Baptst thurches (her5eas Baptlst Mlsslon Subscription Pwty rellef Equlpplrrfj Leade UK Mlssion rseas Misslon Poverty relief 5,304 679 3.5LKI 3,5C(J 5,lQ) 3,5 Tearfu1 The Cowshed Tcal Grants to Institukns £37,991 Grnnts Made to IndMdual• Teus and Marta Kapper5 Totsl Grants to Indivhluals 3,120 £3,120 lknrseas Mission Traner to rIStIan Sermo (kant £4,124 GENERAL SUPPORT COS 2023 2022 Webslte arKI rr Costs TechnicallgJuj Publishing, Photttopyfru and Ststi Audi¢ ACCnting S)are Insurance Bank chwge5 offi ex[Se$ Sundries 5,526 2,481 1,971 3550 7,505 225 3,665 3,667 102 1,516 5.427 £24,923 £11,072 Totsl extemal alIt f&5 amourtad to £5.300 exdLKfir¥J VAT in 2023 £5,065 exduding VAT kn 2022,
Page 18 -IA THEA (continued) RAISING FUNDS 2023 2022 JThJrai&ThJ MatfflaLs io. TrUSTEES Chrls Simn$ Is In the trustees of dwrty. He was reImt5 travel costs Irthrr&J. Number of full time equalt trteeS wh) wwe pald 2023 2022 Totsl Amount pa (Q £342 £98 ChS Slmpkjns recefved remurerntton and Wts, under his twms of employm¢ as follow5 Chrls Slmpklns stipend Pen51on Contributkins 2023 2022 34.9)2 4216 £39,118 33,560 8,402 £41,962 Two Trustees of FlndRmpste&J Bw'st thurch are alx) trustees of Furthtr Faster UK, to whSch Finchampstead Baptist Church made payments totslling £8,OXI. Tr vafe of of the Tnjstees hndkmpsteèJ Baptlst Church Ss a trust& of 1nrKlSta, to Batkn'st thurth grants tckalllng £3,500 as detaSled in r Houslng The Finchampstead Baptlst Chwth ikn1noJw cvlns a LAbri (H%) Mr and Mrs Simpklns (560/0). The charity provldes an elnent of hcKtsing in resk*tt of ts share of 4Wo of the property LAbri. The charlty provides the balan of houslng by the value [ the re5Klual 56% from Mr and Mrs Simpkins. Th15 amount&J to £14,784 in the currtst year. In add, the ak3rty pahj h(yJsiro rdated exrEnses amounting to £4,346,
Page 19 (continued) 11. TANGIBLE FIXED ASSETS Ila. FBC UNINCORPORATED Total At 1st January 2023 Additlons DlsFosals At 31st CecemtEr 2023 5,157,871 23,685 5 181556 A(Mrated Depr¢ctsUon At 1st January 2023 arge for Ye Dlspxals At 31st Dwiber 2023 634,101 80,842 Net Book Valu¢ At 31st EecemLr 2023 É4 466 613 At 31st Decemtrtt 2022 £4 523 770 Ilb FBC CHARITABLE COMPANY UI417ED BY GUARANTEE FUrnIre and Enhancemert Equlpment Total At 1st January 2023 AdditK)ns DlsrJ)sals At 31st Dernt 2023 $6,Q38 14,895 70,993 umulated Depreciation At 1st January 2023 Charge for Year Disposals At 31st Ccanter 2023 3,736 467 14,895 18,631 467 Net Book Value at 31st Dwibtr 2023 Net Bcok Value at 31st Dber 2022 TOTAL TANGIBLE FIXED ASSETS £51 £51895 £52 362 £4 518 508
Page 20 FIN fUEE Isf DE {aJntlnued) EM 12. Market Value At 1¢ January 2023- fmm rrent asset In¥ethrt5 Add"on5 - purchases . accumul•Jns 255,860 413.536 11,316 1255,860) SF¥Jsa15 Unrealised gains At 31gt DecemLr 2023 Cash and ne¥ mark Untt trusts £430 244 13. DEBTORS 2023 2022 Trade Cebtors Glft Aid Reo)veTrt4e VAT Flcats Sundry Delkns & thp3yr 15,075 9,065 44,687 15,477 162 £28 110 14. CURRENT ASSEf INVESTMEiirs Cash and Money Mark*t 15. CASH AT BANK AND IN HAND Ojrrtrt kcounts 16. CREDrroRS DUE wmiiN ONE YEAR VAT Trale Cr8Jth5 Other CredC & kuua15 4,557 43,221 4,667 10,681 £32 741 17. MOVEMENT IN F1rn4DS 2023 Fund Openlng Clo Balanc• neral Undeskjnated Chrlstkin Servte Grant Arboffield Fund MIssry Gfvlng Fund 746.792 (28.560) 132,T30 17,374 58,810 134,384 17,374 58.810 Restricted M1551on Grants CcKnmunlty, Fud F(d P Finchampstead Parlsh cou1 SIn'ng Fund Flnchafflp5tead Baw urCh (Unincorp)rated - Nctsl8) Totsl 746,792 123.756) 226,714 1,967 9.394 1,967 9,758 1281 12,1 18396 1,917 ,842 388,¢2 4,536,638 430,244 4,455,796 £5 156 347 £5 124 479
Page 21 ECE Icontlnued) 16. MOVEMErir IN FUIIDS (C014fD) 2022 Openlry Closing 8alance Unrestricted General Undeslgnated chStian Se Grart ArLy)fflekl Funtl Misslonary GNlng FurKI 693.256 {619,798) {4.124) {52,O)5) 111,367 21,498 132,730 17,374 58,810 58,810 693.256 (623.922) (52,095) 131865 220,256 Mtsslon Grants Communlty, Fuel Fctsl Po nchamp#ead Parth Counc Arborfield Fu Sinng FuTrJ Flnchampstsad Ba Church (Note 18) Totri 11,648 12.riN) 1.967 (2.254) (12,076) 1,967 9.394 (11.671) ($8,810) 52,424 11,747 58,810 334,564 1,104 388,092 £718.( 4 615 901 £5,155,854 £(717,515) £5,156,347 Purpo•ts of FwNI• Genenl Pund This luThl Is the day to day fuThl eI ft OFeratbn of the thuth In accordan Chrl•tl•n Sor¥1 Grmt TlfuThJ waseaNIknJ In 2fnlttssupwt kndtrhdts or qrtyjps Invc4ved In ml%lon Art>offl•W Fund hjnd rewents for futyre c4treach oppJrtunfde5 to Mlmloftary Gmng Fund UlLdi1rted cl 20% the Genernl F¢Jnd set ashje fty mlssKThry cause% Ml••lon Grants mL%n ¢knnts are forabèrftab purFoses, collL)tsl and tgk1 tolatKes retinIng are hehj as reithd fuThts. Communlty, Fwl and Pood Pwty The Ccrnunty, F1 aTh1 fiJrKI teen estatshed for the of Fund F4YWty In the hyal area. Slnklng FUNI &'nknNJ FuThJ rs W in re¥rt of nw repirs to the c( the FBC Centre. Th$ fijnd is ntdl wih a bank dew acLtyJnt arbs Ls hehj tru on behalf of Flnthampstead Partsh Council GTrnt The RrkYwmF%tEad ¢tyJr Grart Is a Contrtrt ttxyard the FK ywth
Page 22 RCH UARAN 15TD (C(ttined) 17. RESTRicfED FUNDS 11112023 Balance at 3111212023 V(skJn Fund Cha1 Trust Fund External Grants Mar6e Fund 2,677,187 246.571 1.584,875 (76.044) (4J18) 2,601,143 242,253 1,584,875 £4 536 638 £4 455 796 ext•rnal Grnnts r•cdv Lottery ¢>èrt Anchampstead Parlsh Engllsh Crtket Bcgrd SM England Grant WBC ChikIn Centre Total 495.OC(I 40,fJc 19.875 £1 584 875 Durlng 2(X)8 the L• Giarrt IGyThnunty k11rJs} was awarded new FK Cth. Swrt Er%Jland a19) awarded a grant for the ¢StrCl) of the FK Centre and the eMpent ofa Spjts Dent Cfflcer. Flnchampad Partsh Cryjndl awarded a grdnt as a ccffltrbutlon to the con5tructknn of lrary in FBC Cerrtre. In 2010 a grant was re1vj from the Engllsh Crtht &rd. lJlklren Centre rewesats a 125-year lea based on gJrestsrt Fundlng. Chapel Trurt Fund Thls furf represents the p[CeedS of the former chard 501d in 2010 and Ls a Restrfttejj fiJThl, In terms of the conflrmakny deeds regarrfing the Owel Ixoce& (2013) It was agreed that the thUh,$ Sha of the manses L'Abrl (£176,280) and a WOkKfUcK* of Kr5a (£104,836) wlll fvThJ&J wth of the ChaFel Trust. Manle Fund In 2013 the fundlng d the thurch's Sha of LAbrl d)anpJ from ttE Manse Furni to the ChaFd Trnst Fund. Up to that pjnt the churth's 5hwe of LAbri was FEld in the Manse Fund In term5 of the HoltK)rn Trn5t. These fvnds are nov4 unrestthcted and available as wEral fuThls. £31,297 of Mare FuTrJ was retalned in FBC Charitable UnIncorporal organisab'on to fuTrJ the balae of Kisa arml rest was trafraj trj FBC charirab CnpanY Llmited by Guarantee as furxts. Vlslon Fund Thls fijnd was estsblish&J in 2003 fv fijture capital exthre as by a Church memb¥5' meetlng arKI was used substsnualty to fd the FP£ Catre. 18. NEf ASSEfs BY FUND Totsl Fixed Assets Net Current Assets Credltors due after more than one year 51,895 174,819 4,8%,857 4,948,752 175,727 £4 897 765 £5 124 479