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 statern￿ts ￿ the tharity ftr the year ended 31st C￿ceMber 2022. The trust￿ have a(Wed ￿ womsions of stateM￿t of r￿m￿Ended prath (SORP) 'Accounting and Remng by thantoes. s￿nd Edi￿n, iss1￿￿ in 2019. The truth tsve Compl￿ wth guidan￿ publis￿ by the aHIty Cornm￿￿0n In res￿ of put￿￿ ￿nefit Flnchampstead BaptL£t Church s (FBCS) the m￿l￿ndUm and Artides rf As$oJa￿0ns are... The ￿an￿ment of the Christian Farth accordiThJ to ￿ ￿nCIpleS of I￿ Baptist d￿mInath)n wh￿h may Ind￿le, a5 Part of the mLtyon of the ￿urCh, to t￿erit the residents of Finchampstead and the wghtK)urhwJ by a55(￿a￿r￿j tC¥M)er the said and the l¢xal authoritles, voluntary and ¢)ther (Ygantsati￿S in a c(mmon eff¢yt to adva}￿ educatr'on andlor to provkde facSllties In interests of wcial welfare for rEYreath)n aTrJ kISu￿ tlme (K￿pat￿ wlth the obJttUve of ImtThir¥J coThllbons of lrfe fcr the residents. other (thtrltab￿ In trt un￿ KJThyj￿n arfor other part5 of the wtyld. Finchampstead Baptist thurch Charitsb￿ Crynpany Limited fy (knra)tee was InC￿th on 25th September 2009 and commencèj rwations effect frcth January 2010. to January 2010 all Ok*ratrons of Flnthampstead Ba￿'St tc*)k pl￿ thrcwh Flnthamp5ta Baptist Church Unlncorwrated. On 1st January 2013 HthmL)stead Baptist Churth unlrtorp0ra￿ transfer￿ all rts assets and lia￿[[tR$ (exduding the FBC ￿ tv￿ manses and tonk accwnt) to Hnchampstead Baptlst ￿Urch LIMI￿ by Guarant￿. The trants ￿n￿nt￿j 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 ￿reem￿t 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 C￿mISsi￿ 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#1￿1rVj 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 a￿1 Finthamrstead Baitst ￿Urch UnirwKYa have the same obj￿ts, missi￿. wsion, m￿tErS arnl g)vemirNJ document and o)-oper*e ck)sely. The sole charity trustee of ￿nchaMpst￿l Bapkn'st 15 Finthampst*J Baptsst Churd) Limlted by Guarantee, whlth ex&cises it5 fiJnct*J) as d)arity trustee thrrwh its thurch memlws and ddr￿. uslng the proce55es cortsinad in the Prt]'des of ￿arn￿￿tea1 Bapb'st Church Umlt8J ty Guarantee. The tharity is controlled ty Its g)vuning the m￿￿yand￿1n 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 memt*s 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 ne*V trust&s dewds on thelr exbb'ng experien￿ arKf th¥kgnyJnd. Page 2 ENDED (cArtInu￿1) Incorporafjon, Structsr4 Governance and managern￿t (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 rn￿n￿r$ 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￿￿￿$t￿lIty ex[￿ rEwlr8J of ￿ emph)yee, In rdatlon to the other employ￿. There are no related party tsnwtK)ns tetWe￿ F8C a￿1 trustees or senior man&Jers other than those d15cIc6ed in the accounts. Actlvltle• The d)urch offers Sunday seThtes and an eXtenS￿e yoth arKI thlklren's prc¥Jramme and Is al￿ att￿ in the Ictal communlty. In addition to ￿ Sunday pr(*Jramme the thurch swwrts C£￿r￿tt Group5 and small dlsclpl&lp gnjups and provldes courses leamlrKJ OPP)thnities on a ￿ular basis. Tr Chur(h also suppK)ts actwities allgned with our mL8gon outside of the ktallty thr(wh (knatths to Oth￿ dwritoes and individuals in the UK and overseas. Around tsvaty t￿cent of incm dLTht8J to the thurch is donat&J to other tharit with cha￿table objects that are in line wlth the d￿ri￿S charitable Ob￿ts, (K to supFM)rt other missionary actNlties which allgn wlth the tharW5 charrtabk objectives in the Unit8J Kingth)m and oversw. In 2023 £45,235 was don&ed to ottw ttwltles or set askle for cptbjtsnltles ¢JJtslde wr exi5bng communlty. The charty also OF*rates the FBC Centre. W7thin the FBC Centre ￿ thurch is able to wowde many facilltles for the communty. incllth a café, a S[￿5 hall ￿ r[￿)$ dub5 and thet* to rent. The FBC Centre also hosts a thild￿n s centre and a Ittrary by the bcal cwnctrl, as well as Offl￿ for the parlsh coundl a￿1 the local PdKe. Flnchampstead Baptist thurch works c105ety y￿th partss to tenefit ￿ communlty, includlng the Woklngham Borough Cwnol Chlldren's Centre, Tr Woklngham BOr0￿h Coundl knt*ary, finthampstead Parlsh C￿nCIl. Gorse R(de Sth))Is, e4)hunt Sthr￿1 Wc￿ftgham, Link viS￿r￿j 5d￿Me, SHARE Woklngham arnl ￿ I￿1 Polte. FlrKhampstead BaFdst Churth Is w grtdul to ￿ Partsh Cth￿1 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 activit￿5 of the Charity are proV￿d by staff army ￿unteerS. The of staff play a vrtal role in helping the charity to fulfil objects. VI￿On and missicm to Maxim￿ the ￿nefft to public. Volunteers aLso a very ￿9ft[f￿ant roie in the Ilfe cl ￿ charty and a￿ wtal In njnning athvit*e5 and groups. The maR¥ity of trustees are wluntew5 aThJ all volunteer with FBC in one cf more diffe￿nt 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 c￿aCts. FBC is alway5 Ic¥)klro ts way3 tr) cOnts'n￿ to wth arKI Icol ccmmunlty, for example, cooklng mea15, dolng prarttal Jobs or Ma￿ftg baby t¥Jxes fv faMil￿S refer￿ to U5 by the Chlldren s Centre. This has teen made [￿s￿ble through the work of a t&im of volunteers. Our Communlty teams have been instrumentsl in a numter of wO￿ts th￿h￿t 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 thri￿ng Fr￿ndshIP tsble In assoclation wlth Tr Fr￿tshIp Allbno. Fn￿tship 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 donatic￿5 arKI grants, £536,891 was from the 0￿rat1￿ of the FBC Centre and £14 921 from investment inccffie) and a gain on investrnents of £5,392. Totsl extW6es we £841,551 re>j￿1r1j In overall rt exrmdlture the sEar cé £31,868. Income from Crt)natior6 and CfftrlrvJs 0￿￿nUeS to be Iw than we.pand￿k I￿e15. pla￿ for the futurn The 1cw.term alms of the chwd) (FBC) a￿ to fu￿1 wr ctyls and mlsslon. mlssion of FBC Is to help people find a￿1 follow Jesus. Our priorit￿S are fc(Ltsed on hel￿Thj 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 Str￿tUre that enable us to fuffii our objects arKI mISsw￿. Thts invth5 rv4*wiThJ staff t¥)sitN)ns arx1 rc4es, Identi￿ng the rosI￿On5 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 r￿eN 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.m￿￿berShip. 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, parts￿1￿ with us on c¥Jr purw5e mission. (continued) Our r￿erVeS 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 (abj￿￿1 as unrestrf(td net current a55ets. The unrestri(Xed net assets hdd on 31st D￿nber 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 th￿e has ken a defiot In ￿cent years, the continwl frcyn ￿ restTi¢*ons of the FOnd￿nIC are demC￿Strat&J In the growth In C47sh fiows from O￿rats'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 agreeM￿t means that the WSIC￿ furNJ is no knger in defic￿ and the FBC regular contributions to the shortfall in the rEnslon sCh￿re 15 l¥nrted to El a rnt￿th. We further do not have to Indude a slon fund liablllty on the bala￿e 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 pl￿e 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￿¥1￿15 monIto￿l. All swrting artivities are insured and coths are First Ald trained. Food health & safety ~ Cafe staff are train&1 on ftKJl We￿￿ratiOn. 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 aff￿t the financial perf￿lan￿ 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 Fry￿latiOn. Statement of Trustees. Responsiblllti The Trust&s, are also the direct￿ of FirKhaM￿te￿￿ Bapty'st Churth LIMI￿j 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 G￿alty Aaw Accountlng F*aCtI￿), 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$l￿tiy. make Juth3eTr￿s and esiimates that ¥e rea8c￿ab1e *KI pnKknt; a￿1 prepare trE accounts on the c£rthn l￿LS unth f£ Is Inapwqxkte to presume that the Charlty wlll continue In OFerats)n. The Trustees a￿ reS[￿sIble fcr keepiThJ adequate accojnty'ng r￿￿d$ that di￿Ose with reasonable accuracy at any ￿me the fIna￿la1 FX)Srth)n of Charty a￿1 enab￿ t￿7 to ￿SUre that the accounts comply wlth the C￿panES Att 2￿6. are alx¢ resFonsI￿e f(* safgJuardlng the of the and hen￿ for tak*ng reasonable steps for trE wevelti￿ and detth of and (ts tr￿UlarItIeS. Each of the dlrectors has conflrm&J that tlve ts no Inf(m￿￿n 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¥Jistu￿l number: 1133789 Reg￿tered offKe: FBC Centre Rlde North Flnthmp5tead WokhYJham, Berkshire, RG40 4ES Page 6 ES. REP (c(mtlnuedJ Thomas Fox, Da￿d Goodman (Chalr), Kate JthThstone. Rathl Robets ar#J ￿. Ch￿stOpher Slmi*lns seNed thro￿hoUt 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, Ha￿emere HIXW LIy•￿ Srt Ilaslemere, GU27 2PE anker• SantaThJer, Brtdle Road, Booue, Mwswslde, L30 4GB CAF Bank, 25 Hlll Avenue, Kjr￿S 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 aud￿ed the financial stateM￿ts of ￿nChampSt&￿I Bat*i5t (￿Urth (t￿,charlIab￿ company) for the year ended 31st December 2023 which cc¥nprise statement of financial aXNib'es, the balan￿ sheeL the statern￿t 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 pre￿ratic￿ is aPpI￿able law and Unted lfjngdcxn Accounting Stsndar(ts, induding Rnanoal Rq)Nb'ng Stsndard 102 7TJe Finaxial ReAwb*7g Standydwicabki in the UKandRewblK ofIre/and(United f￿neralty Accetsj Acctyjnb'ng practi￿). In our 0￿'n1t)n, the finandal Stat￿n￿ts: gtve a true and fair vlew of t￿ ststs of the tharitsNe coMp￿S affairs as at 31st D￿ern￿er 2023 arjd Its incom1r￿ res0W￿ and awication of re9Yjr￿ for the year ended; have I￿n prwly prepared in accordarre with Unltsd KiWom Gentrally Accept￿ Aco)untlrwJ Practi￿. and have le￿ P￿pa￿l In accc*darKe the requirements of the Companies PLt 2006. easls for oplnlon We coTrJucted cmjr wjit in acoNdan￿ wlth Inte￿1￿1 StarKiards on A￿lI￿ng (UK) (ISAS (UK)) and applicab law. Our responsibilib'es under those staThtsrds a￿ fiJrther descriw in the AudIt¢￿S resp)nsIbili￿e$ for the audlt of the financial statements s&1kJn of our retty)rt. We are lty￿￿nt of ￿tab￿ crnipany in accordan with the ethlcal reyulrements that are rd*ant to (Jjr a￿lIt of ttE financial 5tateffl￿ts 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 sUff￿t and apwcylate to pn)vlde a basts for our oplnlon. Con¢luslons rel•tlng to golng con¢•rn In audiknro the flna￿la1 statenents, YK ￿3Ve corKlUd￿l that IJE trusteeg use of the golThJ con￿rn ba515 of acccmjntlro In the preparaty￿ of ￿ finarxsal ststements 6 apEYcwate. Based on the work we have perf￿￿1 have not k￿ti￿￿ any material urKertalnUes rdatlng to events or condltions that, Indlvldually or coll•, may ost S￿nrfknnt th)ubt on the chanvs a￿'lIty to continue as a gol COn￿M for a peri(xl of at l&ist ￿efve months from WI￿ the finandal statwnents are authori5￿ for issue. i)Jr ￿S[4)nS*￿'1ft￿s and the resr*)wbilrtks of the tr￿leeS 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 Inf￿rnat￿ ￿, excett to the &xtent othawlse expllcitly stated in wr rep￿ rKk expw any fcffm rffj ￿r￿n￿ oThJusion ￿r￿n. In cOnr￿n with our audtt of ￿ fina￿al statttwts, our resp)ngbilty is to re& the other Infcrmatton a￿1, in doing so, consider wFts the other infomiatK)n is matalalty Ir￿15￿t with the finanoal statements or our knowledge obtaiwl in the a￿lIt or othrn akwrs to te materially m￿8]. If we identfy such material inconsistencies or apparert matWk31 Mistate￿ts, we a￿ requiral to determine whether there is a materSal mlsstatement In the finanoal ststeff￿ts or a material rn￿ernent of other infmnation. If. based on work we have pthmed. we cO￿ll￿ 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 ￿ tnJst*s' re￿rt, whth irKludes the dirthrs. rwt wepared for the txjrposes of comF47ny law, for the finarKial year for whKh the finanaal stat￿ts 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 olirt￿e 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 r￿atK￿ to which Its Companies Act 2006 requlres us to report to you rf, in our opinion.. adequate and proFer accounbThJ r￿rdS hol￿ rrt t￿7 kx ty r￿rn5 aJ4uate ts our audlt have not been received from brar￿he$ not vtsited by us. the flnanclal statements are not in agrefftnt wth ts actountiThJ records and retyms; c* certaln disc105ures of trust&s' remunention st*Yfied ty kiw are not made: or we have not received all the Infcffmatk)n explanatic￿6 r￿1￿ for our aL•JIt; ly the trust￿5 were not ￿tit￿ to Ery)are the financial ststerws in acr(ydan￿ with the small c(ynpanks regime and tske thantage Lrf the small com￿n￿, exempts'ons in weparing the trust￿$, reF(rt and from the reyuiremert to prepare a strategic rerKrt. R•Nponslblllth• of tru•t¢ As wlalned more fulty In the bwtees. rts[M￿￿bIlOttes statewB* s& Ixt page 5, the trustees (who are also the dlrectors of the tharitable CL￿panY for purrM)ses of company law) are re5FQnSiF￿e for the preparatlon of the finandal ststements aThJ fy telng satisfi￿ that ty grve a InE 3￿F falr vie￿, and for such intwnal t￿ as the trustees knine is r￿￿sary to ￿able Its preparation of fiTh3ThJal statwnents that are fr* from material m&statemen¢ whether due to fraud or wror. In preparing the finafxial statements. the trust* are respjnslble for asse5slng the compary's a￿lIty to conlnue as a golTrJ concem, disctsiNJ, a5 applICa￿e, matters related to wlng concern usirKJ the g￿ng concem basls of accountirrfJ unless trustees ether Irt￿d to Ikwtd* the c¢￿pary cr to cease opwakns, or have no reallstlc alternative but to do so. Our respon•lbllltle• for the audlt (rf the flmndal Our ctrtives are to obtsln ￿9)na￿le as9JrdrKe atwt wtrth the fina￿￿1 stat￿￿ts as a wM)le a￿ free from material misstatwnent, due to fraud or uror, arkj to 159Je a ReEKrt of InthTrJent Auditors that indudes (xjr opinion. Reasorkible assuran￿ is a h￿]h I￿1 of a￿ra￿e, lyrt is a guarantee that an audit coNlucted in accordan￿ wth IS45 (UK) wlll always det* a material mlsststement when it exists. Misststements can arise from fraud or error and we COr￿thI rnaterial ￿, Individualfy or in the aggregate, they could ￿a￿nablY be expert&4 to Influ¥￿ ecorKmiC d&dsIC￿ cl us95 on the basis of these financial ststements. Irregularrties, I￿l￿di￿J fraAI, are In5tsnce5 of r￿￿-(cl￿rI1ar￿e wfth laws aThJ rgJulati(ms. We deshjn wctedures In Ilne with our res[Y)n￿bilTtje5. (Krtliwl at￿e. to detert mater5al mi55tat¥nents in resw of Irr￿ula￿tIe$, induding fraLKI. The extent to whth kvrKalures are capable of det&tiThJ iryularits'es, Ir￿1￿J0ng fraud is detailed ￿low. We ottsined an Understar￿1r0 of the bjal aThJ regulaW frameVK*￿ that are awth2ble to the d￿rity ar detemiwl that the most signfficant are the ￿naThjaI RHY)￿ng StsrKlard 102 'The FirkHncial Repcwt(FNJ Standard applicab￿ in UK and Rq￿bI￿ of Irelarkj, (un￿0￿ (knetally A￿pt￿ Accounting Practi￿) and the charit￿ SORP "PoJyrtlrKJ ￿ Rwb'fvj ty Chajities: Statemert of Rec￿Mend￿j 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 reqUireM￿t to acajrately w)unt for r￿bict￿l fiJrKts was of W s￿nifican￿. We understcM>J how the thanty Is cc¥n wth those framew￿5 Ma communication with those charged wth gOvernar￿e, tc¥ptTrEr wfth miew of d￿ri￿5 d(W￿￿ented ￿l￿e$ and pr￿lUreS. We asse5s&I the s￿ptibIllty of tharivs fina￿la1 statemwtts to maten'al misstatement, IndudlThJ how ftaud might cccur ty consideriNJ the key risk5 impactirrfJ financial statements. T*￿Se induded rf5ks aswat&l wlth R￿ue Recc¥Jnlb'on armj Manwient (knde of a￿trolS. Our aptyoach induded agreeiry tr* d)ariVs reccgnitth IA Inccrne to the t￿nS (rf the underlylng grant agreements and a5￿￿3t￿ c(YresF0rKkn￿, the revJe*V Of￿￿￿n31 entrEs prcKeswJ in the accountSrKJ rÉrords aTrJ the investsgaknon of Ignff￿aftt and unusual trans&lh)ns id￿ttlfied frcrfn wr of the aLrountlrKJ reo)rds. Our OFvfc4Yh was also to ttMIt all restrIct￿l Irthm was wr4)th Identifbj and separateFy ￿COUnte￿I for and to er￿U￿ 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 resp*rt to the applScatiLY) of the d¢xumented p)licÈs and prc(edurts and revEw of ￿ fina￿al Statanfr￿ to ery5U￿ Complian￿ wlth the ￿p￿ts'n9 requirements of the d*rtty. There are inherent limi&itKK6 in the a￿lIt prcK&dures abM aNI, trE fiJrtlRr remov8J non-comp11a￿e wlth laws and reguiatlons is from the aThJ trans￿t￿¥￿ rdlect8J in flnancial ststements, the less Ilkety we would t￿rne aware of it. Tr rfsk of not detect.￿ a matwial mIsStatem￿t due to fraud is h￿her than the rbsk of not dewng one resultyw from error, a5 fra￿ may Invofve deFI￿te ccrfwlment by, for example, for or Intentional Misrepresentat￿5, or through thI1ust￿. A further description of c4Jr respMytslb411ties foraJlit of the finandal slatwr￿ts ts Ic(ated on ￿ Financlal Rewrtlng Council's vlebsits at.. . Thls desulpkn fcKms part of our audltrfs repcrt. Use of our repc*t 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]Uir￿1 to state to tFwn in an a￿l+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 cwipan￿s mwntV5 as a a￿lt wcrt ts this rwrt or for the optlons we have fcrrn8d. Matthew Elknrs FC4 (Senlor Statutw A￿aItOr) For on befolf of Knox crop￿ LLP Charte￿) Accountsnts Ststut(My AwlttcKs offi￿ Suite I, Haslemere Ho￿e Lower Street Ha51emere Surrey GU27 2PE Page 10 Ill I Page 11 DE 1ST 2023 2022 FIXED ASSErs Tangib￿ A$5ets Flxed Asset Investm&ts li 12 4,518,508 4,576,132 4,948,752 4,576.132 CURRENT ASSErs Debtors Short Temi Investsments Cash At 8ank and In Har*J 13 14 15 28,110 64,214 255,860 292 882 612,956 211 240.CKKI Credltors: Amounts falling due withln one year Net Curmnt A•Mts 175,727 580,215 £5 124 479 £5 156 347 REsfRICTED FUNDS UNRESTrICTED FUNDS 17 17 4,901,437 4,936,091 220 256 £5 156 347 £5 124 479 The Flnandal Ststements have be￿ in wlth the spthl wovtsl(xs (f Part 15 ofthe Companles kt 2006 relatlJYJ to small companres. Approvej ty the TrUst￿S a￿1 sIgn￿l cffi t￿r behalf mas Fox Date: Comrony Regtstered Number: 07030381 Page 12 Total Funds 2023 Total Funds 2022 Cash flows from oFeraUng acbvttEs: Net cash wovtd&J by (us&J in) cperatlrKJ Cash flows from investirg ￿1￿ljes. Income from Snvestsnents Acqulsjtlon of investments Purchase of Tangibk Féx&d Assets Net cash wovkl&J by In￿StIng 85,448 29,085 14,921 (413,536) (23.685) (422.3￿) 1,336 1,336 Change In Cash and Cash EquNal￿tt in tr reprrtlng reriod (336,852) 34,021 Cash and Cash Equlvalent at the beginnlng of the reportirrfJ Ferk*J Cash and Cash Equlvaent at tr end of the rep￿￿tIr￿j perfod 548,742 518,321 £211,890 £548,742 Net (Inccffle)/wendlbJ￿ for ￿ rqxytlrwj as per the Ststement of Flnandal kb Income from investma)ts (Increase)Ideuease In ¢kn Galns investsnents - realis&J Gains in Investrnents - unrealised (Dffta*)/ln¢Jease In (rtlltys Dqxerk?tic (31,W) (14,921) 36,104 (11,316) (5,392) (31,532) 493 (1,336) (16,298) (35,249) £85,448 £29,085 Cash at bank in ha￿1 Notth depo&ts (kn than 3 m(th) 211,89) 292,882 255,860 £211,890 £548,742 Page 13 AccouririNG POUaES These accounts have tEen wepared under the hi5tortsl cc6t ax)vention wtth item5 rLrTranised at ￿$t of transatth)n value unless otherwise sta￿1 in the rethnt tK)tes to the accounts. Tr flnancial ststements have be￿ prepared In accordan￿ with the AcC￿nting Re￿)thng ty ChMties.' Ststement of Rerommended Practke applicable to chanbes p￿pant¥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)Na￿j Sh(￿h￿ be treabj as ft￿rning part of Flnchamk*ead Baptlst Churth (cPk3ritab￿ Company), a single reglstrabon numLv, with the ￿T￿lU￿ng one t of accwnts wlth ttE fiJ￿ts of ￿ linked tt￿rity. belng retMytsY as restricted hjnds. The CharltatrAe Company C￿ a b￿efft ￿tIty as defi￿1 by FRS 102. The Trustees ojnstder tlk3t tkEre a￿ Tr) r￿Onal uncertalntfjes al￿t the ￿all￿ble 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 C￿tre. b) Income All Income is rec(yils&l 0￿rItable 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(Yt*s 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 not0fica￿0n ￿ the interest pald by the bank. Expendlture Liabilities are reccgnts&J as eXp￿d[l￿e as sLTh as thwe is a *1 cff C[￿St￿￿￿e obligation cc*nmitting tharitsb￿ Company to that expeThl1ttj￿, It is ryotgble that settlwnent will be required the amount of the Obl￿atiOn can ￿ measured r￿￿7￿Y. ￿1 exFthJ1￿re Is acC(￿ntaI on an ac(Tual basis. All exttrw induding SUFp*( L¥*s goVUrhw￿e costs are alknatay or ap￿￿￿1￿1 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 eqUI￿lent 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 coMrX￿t cost basis with each comK)nent being ￿p￿￿ated over its estimat￿ ￿onoMiC Iffe. The pnnc1r￿l 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 offl•W Fund hjnd rewe*nts for futyre c4treach oppJrtunfde5 to Mlmloftary Gmng Fund U￿lL￿di1rted 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 ret￿inIng are hehj as re*ithd fuThts. Communlty, Fwl and Pood Pwty The Ccrnunty, F￿1 aTh1 fiJrKI teen esta￿tshed for the of Fund F4Y*Wty 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 n￿td￿l wih a bank dew acLtyJnt arbs Ls hehj ￿ tru* on behalf of Flnthampstead Partsh Council GTrnt The RrkYwmF%tEad ¢tyJ￿r Grart Is a Contrt￿rt￿ ttxyard the FK ywth Page 22 RCH UARAN 15TD (C(￿ttin￿ed) 17. RESTRicfED FUNDS 11112023 Balance at 3111212023 V(skJn Fund Cha￿1 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 ChikI￿n Centre Total 495.OC(I 40,fJc 19.875 £1 584 875 Durlng 2(X)8 the L• Giarrt IGyThnunty ￿￿k11r*Js} was awarded new FK Cth. Swrt Er%Jland a19) awarded a grant for the ¢￿Str￿￿Cl) of the FK Centre and the eMp￿ent ofa Spjts D￿￿￿￿ent Cfflcer. Flnchamp*ad Partsh Cryjndl awarded a grdnt as a ccffltr*butlon to the con5tructknn of l*rary in ￿ FBC Cerrtre. In 2010 a grant was re￿1v￿j from the Engllsh Crtht &*rd. lJlklren Centre rewesats a 125-year lea* based on gJrestsrt Fundlng. Chapel Trurt Fund Thls furf represents the p[C￿eedS 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 thU￿h,$ 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 Mar￿e FuTrJ was retalned in FBC Charitable UnIncorpora￿l organisab'on to fuTrJ the bala￿e of Kisa arml ￿ rest was tra￿f￿raj trj FBC charirab￿ C￿npanY Llmited by Guarantee as furxts. Vlslon Fund Thls fijnd was estsblish&J in 2003 fv fijture capital ex￿thre as by a Church memb¥5' meetlng arKI was used substsnualty to f￿d 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