HBCt
Horfey Baptist Church
Charity no 1133976
REPORT & ACCOUNTS
FOR THE YEAR ENDED 31st MARCH 2024

HORLEY BAPTIST CHURCH
CHARITY INFORMATFON
FOR THE YEAR ENDEO 31 MARCH 2024
Trustees
Term of 0￿e
(if durirvj Year)
Mrs Janet Banfield
Mr Richard Bwnett
Mr Bernard 8ellingham
Mrs Sue Duff rrTeasurer)
MY lan Gray
Mr Darren Jones (Children and Families Pasior)
Dr David Makanjuola
Mrs Gillian Martin
Mr Christiaan Muller
Mr Neil Robinson
Rev Martin Shorey (Minister)
Mrs Helen Sweet
Mrs Sandrn Turner
Mar 24
Mas 24
Custodian Trustees
Baptist un￿ CorFM)ratM)n
Goveming Document
ConstitiA￿n ath)pted 25th February 2CX)g
Charity Registration Number
1133976
Principal Address
Fk*rfey Bapt15t Churth
289 Cwrt Lodge Roal
Fk)rtey
Surrey RH6 8RG
Independent Examiner
Lisa Daty FCA
Stewardship
l Lamb's Pa&%aJe
Lon(k)n
ECIY 8A8
Bankers
CAF Bank Limited
25 Kings Hill Aver
KirYJs Hill.
We* Majling,
Kent ME19 4JQ
Contents
Charity InformatNJn
Trustees, Annual Re￿fl
IndepEndent Examinerfs Repjrt
state￿nI of Financid Aciivit*5
B￿an￿ Sheet
les to Accounts
IDeta"led St&ement of Financial Athl￿5 wth Comparative5]
Page
2to6
IOto19

HORLEY BAPTIST CHURCH
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENOED 31 MARCH 2024
The trustees have pleasure in submitting the Rep￿ Accounts for the year.
Objects of the charity
The charity. which is a church. is con*itsJted as an unincorporated chariti?b￿ association aTrJ is govemed by its
Constitution. alopted on 25th February 2￿9. The objects of the charity. as sei out in Ihe governing document
are..
The principal purpose of Ihe Church is the advan￿ment of the Chri￿1an faith according to the principles of the
Baptist denomination. The Church may also alvance education carry oul other charitable purposes in the
United KirwJdom andlor other part5 of the world.
The trustees note the Church is not a buihjing. but a gatheriry of ordinary people of different ages and
backgrounds. whose INes have been changed by Jesu5 Chnst. the Son of Gc*J. The New Testament reveaLs
the Church as a community of people, property taught aTrJ cared for. who by lovirKJ arKI servirg Jesus Christ,
W￿re also commrtted to love and care for each other and lo briro a b￿Ssing to the area in which they Iwed.
Horley Baptist Church" its trusiees. ekjers arKI members are committed to the restorats.on of those New
Testament principles. 11 is not alone in this. it is one of mary Churches in the are4 county and all over the
world that is re-discovenng the excitement of knowirMJ Jesus Christ. The vision is to the people of Horley.
Surrey come into this experience of knoMrvJ Jesus as their Lord. Sawour and frieThl.
Summary of the ehwitys main activities and achievernents
To lurther the above obiects aTrJ vision. the charl￿S main activitses ach￿Vernents V￿re as folScws.'
The Church Leadership seeks to le￿1 the fell¢M5hip in four m&n ￿eaS of Christian living:
Worship
Prayer
Discipleship
Reaching out to others (Mission)
The Church eroages in a range of Activilies either on its Mi or with others will vary from ts'me lo tsme. The
A¢￿"vI￿eS include but ￿ not restricted to:
regular public worship. prayer. Bible study. preaching and teachirKJ:
baptism, as defined in Ihe Union's Deciarats"on of Pnnciple.,
the Communion of the Lord's Supper vthich sh&1 normdty be observed at least once a month:
evangelism and mission, localty, regionalty. nationdly arKJ intemationdty..
the welcome. erKouragemenL teachiro i￿lUsion ol dl regardless of backgroutKi'.
nurture and gr0￿h of Christian disciptes"
education and trainiNJ for christs.an community service:
giwng and encouraging pastoral care",
supporting and encouragiw charitable social action in the United Kingdom armj abroad"
encouragi￿ relationships with and SUPPOTtiw Bapts'sts and other Chrisiians.

The Church seeks to demonstrate the Chri&ian farth in &tion by serving the communty in which it is placed
a￿1 offers a variety of aowilies and facilities to this e￿1. ￿ch as:
Chiklren and young people's groups
Support for local schools
Support for people with Special Needs
month￿ services designed to be inclusve for people wrth leaming dthculties. mentd health and physical
disabilities
Facilities used for regular community groups. such as f0s￿rIng and heaithcare servKes.
Home groups ￿ enab￿ study, fellO￿shIP aThJ dtscussion of the Christian fath for people at all bevels of
I￿th {trom enquiry to maiufty).
Leading groups or supporung I￿AN￿l￿alS in local residential homes
Wofkiw with the other Horley churches io run the Horley Fo(xJ Bank.
Craft activits.es lo bfiro the community t(yJether encourage sknlls ￿'make do and mend-
Monthly meetiNJ5 for Dads their loddlers
The Church are delohted ￿ be ab￿ to meet in person. after the eThJing of the I￿kdC￿n restrKtions over recent
years. The Church has. however, coniinued to broadc& online semces (which ware begun duriro that period)
to help meet the needs of ￿Ople are unable lo anend services in person as well as others who may
access services from further afield. The Church no4V interKls to keep its online semces and other resources
avalable in the lower ￿Trn.
The Church seeks to be a fr￿1￿1￿ and welcoming communty and anyone is free to attend its actwilies which
are run by the members arKI volunteers for Ihe benefrt of all. The church seeks to offer PT&tical support ft)r
locai families in need in a variety of ways. such as provision of hol meds. and support of the local food bank. In
the winter of 2022-23, when fuel prtces soared, the Church joined the I[￿ COU￿11 'Warm Hub" initiats"ve.
opening rts doors for local people lo access a wann space. Athough this service at the church is no longer
happening, a weekly meeting has ev0￿ed wh￿h seeks lo prowde help. frienship, tO(Kl and a wami safe space
to meel for the more vulnerable members of our community.
The Church is committed to serving the wider world aThJ has members serviro abroad in a number of countries
in humanitarian and misson work. The church gives financial support to other charitable organisations vthich
promote the Christian faith andlor offer humanitsrian support ￿ home and abroad.
Athievements and Pertornwice
At the eTrJ of the year there w￿re 149 members.
Duriw the year there have been 4 new members and 14 deleted members (through death or resgnation).
During the year there have been 33 baptisms.
The Church norM￿ty holds Y￿rShIp services every SU￿laY a large V￿lety of meetings each week for many
different groups.
A numl*r of children's and yourvJ peoples. activitses and groups are run every week, cateriw for all ages from
Otol8.
Duri￿ the coronavirus pa￿leMIC the Church has moved to provtde online serVI￿S each week and continues to
develop an online ministy to complement physical seThi￿ in the fuDJre.
The leadership team helped the Church to fwjs on ts core aims of Worship, Prayer. Discipleship arnj
The Church is financial￿ self supported. its Tunning costs (including staff costs) being largety donated by the
membership and wider fellcwship.

The Church has good links with many communtty groups in Ihe bcality and its premises are regular￿ used by
The Church has good links other loc￿ churches a￿1 L8 often invofved in actNrties vthich are
The church sokl its previous premises in Abert Road in 2014 arKI built a modern. fit ft)r purpose building, Phase
one of which was Completed in June 2015. Fundrwsiw contsnues ￿ rwse fuThJs to build Phase ￿0. a large
3-400 seat auditonuml meeting room.
The building was mainty funded trom donaions from the fellob*ship. plus grants received from CharItab￿ trusts.
In planning the a￿1VIll"e5 the TrUS￿eS have applied the gUIda￿e on public benefit issued by the Charity
Commission.
Volunteers
The Church employs a small stsff of Minister(s). Children's and Families. PastoT(s) a￿1 administration staff.
However. it is dependeni upon the work and support of ts volunteers io achieve Ihe ￿rnS of the charity. Most
the charty's activities are urKJertaken by vo1un1ee￿ and the charity coukj not operate effective￿ without their
eff(*ts.
Structure, Governance and Managernent
The policy and operats"ThJ decisions of the thanty rest with the Trustees meet regulaty to monitor the
activiiies of the Church.
New trustees are appointed by the members ot the church. Trustees are elected by secret ballot at a Church
members. meeting. The Minister(s) if any and Deacons. Elders and Tre&%urer are tojether the Charity Trustees
of the Church. Where there is a Minister lor Ministers) that (those) person(s) are Ch￿lty Trustees because of
their roles and re5ponsibilrtJ"es.
Membership of the Baptist Union of Great Biitain
The Church is a member of the Baptist Union of Great Britarn and of the South East Baptist Association. The
Church will normalty promote, encourage. support ￿ advance the vK)rk of the Baptisl Union. the South East
Bapiist Association and BMS Workj Mission through prayer. through financial contributs'ons and. where
appropriaie, by making personnel available from Ihe membership of the Church. When il is able the Church will
also SUPPOrt IC￿al Baptist arbd ecumenical gathenngs.
Financial review
The accounts for the year 2023-24 ￿e d￿alled later in this Te[
The accounts have ￿en prepared on an accruals b￿s. Since they h￿re orKJinalty prepared on a receipts and
payments b&%is in 2022-23 the balances held at Ihe start of 2021-22 have t￿en rev￿Wed io include debtors
and creditors at that time arml the 2022-23 accounts have been re-worked on an accruals b￿S to provKle a
cofflparalive view. All charwjes added to this effea are det&led in the notes io the accounts.
Income during the year totalled £282.243 wthh a further £124,408 of incOff￿ to End(Mment Funds for the
Church building project. TO￿ income for Generd. Restricted and Endcwmeni Funds was £406,651.
Expenditure from General and Resth'cted funds totalled £264,592 with a further £11.173 of expenses from the
Endowment Fu￿15. Total expeThJiture from &1 funds was £275.766.

Financial review (continued)
The Church drew dovm a loan from the Bapts"st Union in Apnl 2015 to pay the remaining costs of the building
project (completed in June 2015) and regular loan repayments have. therefore. commenced Sin￿ th
date.Since moving into the buiklirKJ in July 2015 the Church has been ab￿ io cease paying rental charges on
other premises. There has been some increase in experKlilure of unrestricied funds due to Ihe increased
running costs of a new and larger {bui energy eff￿lent) buihjing. These costs include an &lditional, part lime,
staff Mern￿r. appoinied to manage the building plus a part-time caretsiker. An increasing income Stream trom
lettings for community use of this modern. well-equipped buildirKJ is helping to offset Ihe runniThJ costs of the
building. The Church has n(Y4V commenced saviw a prownion of this hire income towards fuiure"Phase 2"
premises development.
Cash Balances at 31.3.24 totdled £267.853 of which £187.174 was held in ErMlo¢mient furKls. The donations
inio the Endowment Funds were to be used t￿ardS repayments on the ourstandir¥J loan arxl lor the second
phase of the buikjing works. The remasnirKJ balances corrtprised Of £IO.581 hekj in restricted funds, £9.933 of
which was held to be used for support of needy ind￿]dual5 or p&8sed lo other charities supported by the church
{whose aims are in line with those of the church). £884 was held tipwards equipment to be purchased to aid the
hurch's online minis￿. £334 was hekl on behalf of the Horley Churches fraternal. Unrestricted balances hekl
were £83,986 of which £20.665 had ￿en sei aside towards initiatwes io support the development of the
church's ministry and £17.984 ￿tentsaI￿ desbgnated towards future development of Ihe Church's buildiNJ.
ReseNes policy
The normal policy of the church is lo hold adeqU￿e workirrfJ capital reserves (i.e. net current assets) of ￿ ￿ast
equal to £lS,Oto. to ensure cashflow requirements for normd operational running costs are av￿lable. The
unTestn"cted balance at the end of the 2021-22 fina￿la1 year was adequate for day to day cashflow purposes at
that time. In March 2022 the Members arvj Truslees agreed thal the unrestricted balances in excess of the
agreed £15.000 rese￿eS would be allocated towards specffic development goals for ftjrther development of
the church ministry and assets, inclLKling its Onli￿ semces offer atNI rep￿T5 and renewals of church propety
and equipment (this included £10,000 Specifical￿ all￿ted lo renewat of the Manse kr(then. now completed).
The remainder of Ihese funds, previousty set aside. are held in deS￿nated funds to be used as necessary for
the agreed purposes or re￿rned lo undesvJnated fuNIs.
The closure of the buildirwjs during the Coronavirus Parmjemic and subsequeni reduction in income from hirers,
the church has seen increasing use of its premises by ou￿de hirers as l(Kkdc1￿n restrictions have lifted. In
2023-24 the Church agreed io set aside 2596 of its hire income in the hope that they can be held t￿rfards
Phase 2 of ihe buikjing Works. However. these monies are hekl in de￿gnated funds which can retumed to
General Funds in the future should this become necessary. In the 2024-25 ffinanci￿ year the income from hire
of the premises is expected to drop due to a reduction in Ihe hire b(K)kn"rMJs and an increase in the use of the
premises for church activtiies. The Trusiees are aware of this p￿enti￿ reduction in income and will be
monitoriro the income ￿velS to assess the impact of these charoes.
Going concern
The Trustees confKlent that the Church is able to oper*e as a goi￿ concern and has no reason to
enwsage this position chawiro in the forseeable future.
Key risks and uncertainties
The charity is exposed to various risks- be they operats"onal. ffinanc￿ Of reputats"onal. The trustees review the
charity's actiwlies regular￿ to idenirfy s¥Jnikant risks aTrJ. vthere possible. they take appropriate measures to
mitsgate those risks.

Plans tor the future
As we look ahead. our church is commilled to COntir￿Ing crtjr daity actNities wthile deepening our engagement
th the community around us. We are dedicated io evoth.ng our approaches and communication methcKts to
stay relevani and impactful in our modern world. We hold fast to the timeless message of the Christian faith,
ever mindfvl that it speaks powerfulty to every generation. However, we recognise the need lo move beyond
traditions and communication Styles thai may hinder our cwjtreach. We are part of the Further Faster network.
a￿j this helps to keep our finger on the wlse as we continue to Wofk towards being a church where everyone
feels welcome and is exciied io be part of whafs happening.
OUT long-lerm vision includes the excitsng "Phase 7. of Ixjilding project. vthich aims io provKle a more
spacious meeb.ng area for oui flourishing congregats"on. This expansion is a priority. as oui curreni hall can no
longer accommodate everyone comfortab￿. While we ￿￿[k towards this goal, we are also explonng the
possibility of hosting M Sunday morning service& This interim solution will ensure thai everyone vtho wishes
to worship us can do so each week.
We are driven by faith and inspred ty the possibilitses ahe&J. We V&ill create a ￿le0Mlng. modem. and wbrant
community together where we can continue io grow. reach ¢xJt and thrive.
Responsibilities of trustees under Ch￿lty law
The trustees are responsible for preparing the trustees. annuaj re￿ ar￿ the financi￿ ststements in
accordance wtth applicable law and United Kingdom Accounting Stsndards {United Kingdom General
Accepted Accounting Practice).
Charity Law requires the trustees to prepare financial ststements for each financial year b%thich give a true and
fair wew of the state of the affairs of the charity as at the batance sheet date and of tts incoming resources and
application ol resour￿s. including income and expenditure, for the financiai year. In prepanng these ffinanci
sta￿Ments. the trustees are required to..
l. select suilable accwnts.ng policies and appty them consislenty.
2. obseNe the meth￿JS arml principles in the Charilies SORP,.
3. make iudgements and estimaies thai are reasonable and pwdent:
4. stale whether the applicable accounting siandards have been followed, subject to any maierial departures
5. prepare the financial statements on a going concern bas.s unless it is inappropriate to presume that the
The trustees are TesrK)nsible for keeping Proper accwniing records that disclose with reasonable acujfacy at
any time ihe financial position of the charrty and enable Ihem ￿ ensure that the financial statements comp
th the Charitses Aci 2011 and the Charity (Accounls and Repons) Regulaiions 2C()8. They are also
responsible for safeguarding the assets of the charity ar￿ he￿￿ for ￿kIng reasonable sreps for the preventson
and deteciion of fraud and other itregularities.
Approval
This report was apwoved by the trU￿eeS and signed on their tseh￿l by:
SDVI
IPRINTED NAME]
Date". 13th December 2024

INDEPENDEKf &XAMINER'S REPORT
TO THE TRUSTEES OF
HORLEY BAPTIST CHURCH
{Ihe Charity)
I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31 March 2024
on pages 10 to 20 following. which have been prepared on the basis of the accounting policies set out on pages
10 to 11.
Responsibilities and basis of report
As the charty's trustees of the Trust you are responsible for the prepar￿lon of the accounts in accordance with
the requirements of the Charitses Act 2011 (the Acr).
I report in respect of my examinatson of the Charity's accounts carried out under section 145 of the Act and in
carrying out my examination I have followed all the applicable Directions given by the Charity Commission under
section 145(5)(b) of the Act.
Independent examiner's statement
Since the Charity's gross income exceeded £250.000 your examiner must be a member of a body listed in section
145 of the 2011 Act. I confirm that l am qualffied to undertake the examinatson because l am a member of the
Institute of Chartered Accountants of England and Wales. which is one of the listed bodies.
I have completed my examination. I confirm no matters have come to my attents.on in connection with the
examinatson giving me cause to believe-
l. accounting records were not kept in respect of the Charty as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set
out in the Charities (Accounts and Repons) Regulatsons 2008 other than any requirement th* the accounts give a
'true and fair, view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attentson
should be drawn in this report in order to enable a proper undersLanding of the accounts to be reached.
Lisa Darby FCA
Institute of Chartered Accountants of England and Wdes
Stewardship
l Lamb's Passage
London
ECIY 8AB
Date:
17th December 2024

Fwx15
2024
Funts
20t3
Furmts
F￿XIS
(knnabons and Wtses
19.681
117.241
327.202
71.766
71.7fj6
516
237.797
.280
Irwe$m•Ns
7.167
19.681
4LE.651
)1.915
ct&11￿ actmtes
Grants Pad
Z14.679
10.437
10.031
ll.173
246.320
234.854
31,050
214.679
35.%a7
13.976
11.173
275.766
265.￿4
47.883
135.93n
5.7r6
.0
145.145}
45.145
1&).886
.0
fund5 br(x4hr IDrwar(J
&3.473
2.779.613
2.857.319
2.821.￿7
36.211
47.997
11.149
2.892,847
2.988.204
2.857,319

AS AT31 IAAIICH 2Q24
FUTh
2024
20Z3
FIXED ASSErs
TaThji￿e assets
2.765.286
2.7￿.?6fj
2,765.266
2.765.286
2.765.266
2.765.266
DetxtJr5
20.1417
22.101
16.754
187 174
37,469
267 853
47.997
10.581
198,750
42.249
47.997
U.149
203.9Z8
221.585
CREDITORS.. Amoulltswiing
di* wrthin or¥eye*r
I6.￿)
16.0
(S3.￿T)
Netcirrei# a88ets I IliabiliMI
36.2ll
417.997
U.149
168,399
36.211
47.997
ll.149
2.¥￿.19¢
3.W.551
2.933.665
CAEt)WTORS." An%)unts￿lIng due
(76.34n
(76.347)
176.347)
Nei assets i 0th'lit￿l exclthliNJ
pensth asw i01￿mIrtY)
36.211
47.997
ll.149
2.8¥2.847
2.￿.204
2.857.318
TOTAL ASSErs
36.211
47.997
ll,149
2.892.847
2.W,204
2.857,319
PJND BALAKES
Urwestricied Fu￿$
Ge￿& fuTrts
36211
36.2U
47.997
33.4TJ
38.788
47.997
36.211
47.997
72.261
RestrKXEd Furd5
EndTh4Trtm Furxts
11.149
11,149
2,892.847
2.892.B47
2,779,613
36.211
47.997
ll.149
2,892.847
2.￿.204
2,857.319
tPRINTED NAMEi
IIW76

JRLEY 8Avn5TCHURCH
NOTES TO ThE ACCOLThif5
FOR THE YEAA ENDED 31 MARCH 2024
The charty is a tryst regi5rered wrth CW CL¥rWni5Sb￿ ￿ Er¥JLqnd & regi5Trred nurnber and prirKi￿ add￿sS tan
be found on the CW InfOrm￿￿)n page.
cert￿n assets. whKh are me&sured at f￿r¥due thrrx4h ts STh*rrent of
These fi[￿C￿ stsierr*nts have been prep￿ed In acttjrda￿ with the *ter*￿t of RecornrneTrJed practi￿ Acujunting RetxiFtyrvJ by
Ch3rrt*s prÈpanng their aCC￿nts ffj accoidance wth the Re￿r￿ stsndard in the UK and Republic of IreKgrNY IFRS
1021 (tr CharrtE5 SORWI. VMlh FI[wK￿ Rerxyurnj siarhYarEI ITh the unw Kirwom aTrJ RewKJblt of Irel￿￿ fFRS 1021 aNJ
wrth the Ctsntie5 Aci 2011. The charty rrEets the definthn ola KXLL4K ￿Tr￿fi[ enty &$ sei LKrt in FRS 102.
The char￿e5 IAcownts aThY Rep)n51 Regulaik￿S 2(M)B IttE'2tTh RegULat￿￿lS1 requires ch￿rneS to ￿1r accoLmts n acty)rtlarKe
with Acc(¥JnDThJ aTh1 by Ctsrii*s' Sttternent of Reu)rrfneTrJert Piactice effeaNe frorn l Aw"12(M15' txrt this ac£oLJnting starKlard
has sinte wnlKJravm aTh1 been rek4aced ty SORP rrEnrKJned in ts kxeceding paragrarth. charny has p￿pared
these fir%gno& s￿￿Trents In ac£ordantÈ %Yth the rE44 Chani*s SORP". thi5 (￿r￿rE Imm tt* 21Th Regu￿￿ $ I￿1*¥ed to r*cessary
lor Ihese financ￿ 5[ate￿￿ts tr gNe a vv•*.
attrnals tJasE (see mte 20 fo¢ dÈiaiLs}.
mbJhl C&St 4nifirani dou￿ on the abilty of ts clwny as a cOr￿eM. The tru#ees 143ve rnade assessrrwi for a Feriod
of at ￿ast one year from date of a[VrW￿ ofttE *atements In parwJJlar ihe mjstees have C￿S￿lered the chariW5 forecasts and
Yojections ar￿ ThF4Katr>ns S￿k1 prDRc￿é Inco￿* am I ￿ Èxt*tKlrnJre vary wxr*ctedty. injstses h￿e iJ)n¢lu(Sed th
ts*re ￿ a reasonab￿ expÈdaw charty h&s adequate resour￿ ￿ C￿ltin￿ TO operate forthe foreseeable lullwe. The c
ts*refore Contin￿ to adopt ts goiw ccfwn bLsts in Kwpparry n5 finan￿￿
onty deferred bvhen the clKqnty ha$ 10 u)TrJmons beth tec(mirnJ entided kn it or *there ts ¢Jwr that ts 1n0jrr￿ is to be
expeThled Itl a fuwre Fe￿￿1.
charty rel*s on wJunteer5 10 carry mary of rf5 aaNI￿$. H¢xl￿er. Di at¢[thr￿ with the SORP, ts wdjue of these services
Ir$rrn￿ from chamth actmtss represents IrKome f￿Nable Irr*n g(Mx15. services aTr1 latiit*s in furtheran￿ Oft￿ clwW5
frorn hire of the Church PrefflEes ty third I￿￿.
Exper¥Jiture. VAT. 15 remgnw1 rt is ¥fA￿red or. rfearf*r, a *gal orojn51￿ fDra pBymeni
i5es priNKled rt LS probab￿ thai Seuse￿￿1￿1U and the aTr￿n1 ol Ihe rtA¥JaD￿ can be ff*&8ured ￿l￿bty.
constrLKtNe oblN)atN)ts arEe. vthKh ￿ gen￿￿ty L• expresses a to the reQ￿nI that can rrE&%ured Felkgbty arKI
ttEn onty io the extentthat w C(XKlnK￿ assocsaied Wlh tr* urant ate (yJsbJe of the ￿n1rd ol thanty.

HORLEY BApnsrcHURCH
FOR THE YEAR ENDED 31 IAAR¢W 2024
G0veMan￿ costs. whth are ￿￿led ￿ exk*Tr4ffjJre on Ctsrfab￿ actNitss arE ￿enTified Sepa￿lety in r￿trS ty the accounts. incI￿leS
asscLHted %wth ts 1Tr4epeTh1eni exarnindTh)n ol Ihe ststsrnenLS, aThY reqUiren￿nts and
any exFenditure mcurTed on ts sirategK rrwwgemeni oftt* Ltharfy.
Ge￿ra hJrKls are W￿5¢r￿ted whKh are avaiLqb* for use at thÈ tlt5uerK)n olthÈ tW5ree5 in fiIrthetsn￿ of Objec￿eS ol tk*
charny. r￿￿nd￿l fuTrJs comprtse unre5trKted fthds been set asxje by Ihe fDr partthLv Resmed fvTrYs are
¢Jwai¥)ns whbch are to i* used In accortlarKe with IrnK*)sed ty dcfK&rs'. include donakns receNed from appe￿S for
SPEcific actmtss or proFa5. En1*y•￿*ThI fvnd5 are dcx1alTh￿ thai are re￿n&t as CapTh￿ in att>)ryjan￿ the do￿r$ wishÈs. fv nature
Ilern5 purcha￿ or donaTrd for Ihe CW Ltse are when wrA¥ed @rrts. or Ihe tsrvdue olthttwed iterrs.
more than £5.C(O and exr*cied ID the chaty over mre Ihan one accowir¥J perwyj. Depreoatffi s clty on a swa￿h1
li￿ ba515 SO as (o virite d¢xn thE valje of eath asset to ts est¥rw*d iesxjud ￿ue lrt any) cNer Q5 exFecied Use￿ ecc¢Kxn￿ lrfe. To ach*ve
this obJeLTre the folkM"w ratss of deWe(Ja￿n are cwed."
Free￿￿1 LaTh1
Freehohd tMJikJiNJs
15 mt depretL41ed ItecaLtse it ts conswned by usel
15 Trx dep￿￿ tecause thÈ Church buikjry wa5 onty trMJ*i m 2015 ￿ i% exr*cted to r￿e
rats*r than in v￿ue for ts forseeab* fulljre
Manse
Leasehold irnpr(Nemer
EqUip￿￿Tri
(Ner ￿&Se *rm or. rf thrter. ex[￿ed l￿e￿Il lrfe
ryiry value may LE reL￿verable.
admint4tered fUr￿s.
chAity to Obta￿ suth￿1 mfomotw ￿ enab￿ rito acwJrn for a plan &s a defm&1 ber*fft pkn. it ac£ixints forthe 8s a defi'ned
tributN)n plati.
whÈ￿ plan ts in deftit and thre the charty IL45 agreed with thè pampats in a dekit fiJTh1w afra￿err￿n¢ the tharwy
recrKJnLses a for thi% oblwJatWYb. The ar￿￿1 ￿n￿e￿ is tt* nèt of ttE conrritrMthh)ns rwyaNe under ￿ agreemeni tt
relate to the deficrt. The of dwJunL ts as otsrchary in tr* ￿Easurement ofthi% liabilty
exper￿¢ to the SlatenEnt ol Finamd Athri￿.
gl Iaxai
The tharry's fnanad assets aThJ financd gu￿lty &$ ¥Strun￿ts. as defned try FRS102. Exwt for b)a[￿,
crednors a[￿ debtor5 are measured ar ￿1r exr*ckni 5eMernern (rnrrn￿ty Ihe aTrKMwii ol cash that eKr*cts k) pay or
reCe￿e). Th chdrty re02gnL￿ IkHbilffEs for ￿ prina[￿ of Ih)se wtsi8rxl•¥J & the year er￿ li.e. the excl
thamy has taken thantsge of aTh exempt*)n t￿￿erTed ty charl￿ SORP aThJ ha5 r￿1 prepBr*l a ta5h Str*n￿l.
In prepariro financ￿ 5th￿nents cethn I￿ge￿nts. estim&es ar¥J ￿e bj be m￿e Ilkit affeu recc4Jntse¢1 in ts
financLal 5ts1ew*nts. Tr VUSI￿ cortsNlÈr frAkN41W ￿ be sKJntsni'.
anThu￿ deprecwmn cw foT kwerty. plam aTh1 equiwr£rn LS setytht ro cwes li lthe knr useful ecX)noM￿ lrfe and
2024
2023
[1)n￿b)n5 of and wrnilar
Govertvnenr grants Irk)te 3a)
Lega￿ receNab
2fJ.526
2.291
57,947
192.966
41.222
237 797

RLEY 8ApnsTCHURCH
FOR THE YEAR ENDED 31 W4RCH 2024
GovÈmrrent grants comyÉÈ".
2024
Solar PV Feed in TaifflGrants
LOC￿ Countil Grants for Warm Hub aThJ other Surv￿￿) vulrErablÈ gIr￿p$
1.891
2,1(M)
2024
2023
R(￿ hire ir
71.668
97
60.105
175
60 280
2024
2023
8ank In￿reSt
2024
2023
Costs i￿￿rIed directy on specific thilies
Costs relatsng to rwn hires
s￿ar￿, travel arml expenses
Grfrs to speaker5
T￿ep￿￿ a￿j Onl￿e seTr
Cateri
2.513
124.195
2,161
129.274
585
3.779
2.011
15.
12.771
17.268
10.720
7.927
2.487
2.899
2.979
Church PremLEe5 Utilths
Cleaning & m￿n￿naTh￿ of tKJthJiTrJs &
capit￿ BU1￿1r￿j Repairs aThY Impr(weryEnts. ￿uS &<$Otsa￿ tees
Costs of Mintsty. Churth athrties 8nd SupkK•rt serwtts
Work anKJtw thè yowg
rk anKJWStttE ekjety. Vulnerab￿ group5 tlw vrith r*ed5
23.373
3.725
10.439
3,495
4.742
221.247
210.762
Grants payable IIK)te 8c)
29.446
31.050
2￿j.692
241.812
Cosls I￿urre¢l on supwt & adrn1rlstr￿ioTh
Legal cortsuttaw fees
2.520
2.520
2,IS8
5.476
6.212
3.813
subsCnp￿rts anrt tw0fes5bj￿ fees
Bank loan Inter￿ payab
512
2,905
Insutsnt
TO￿ support exwmlilure
2.772
2024
Grants fDr UK ar￿ cNe¢se&s miswn
20.626
2023
Grants for UK and fftrseas
31.0￿j
22

NOTES TO THE ACCWPffS
FOR ThE YEAR ENDED 31 MARCH 2024
2024
2023
Frontiers
9,170
7.975
1.754
Dnipro MisSK￿ (Ukrar*l
8.310
10,975
westv& Comunrty Church ISupFrf)fDrnJ a stsried)
Grants 10 in5tittthrts for W than £l,LMXJ each
I,LW2
20 626
563
2024
2023
104.024
iCe.386
Sooal security
6.762
average ￿nIhty numtw olempkws tr* year was 612WJ". 7). Nkn5t ofthe a¢tNnEs are car￿d out by vdunteers.
payatAe b) key mawernenr knr the year a5 Id*￿..
Empbyer
2024
Mdrnn Shorey
Oatren knes
2.737
2.292
41.LW7
Other En¥Aoyer
penwn
2023
Marrm s￿
Darren Jones
32.175
26.5S)
2.737
2.292
38.512
Marnn and Darren jo￿ se￿1 as e￿ITch ￿*r5 aTrJ rece￿1 thE alw￿ payrnents for seMvJ ￿ that eapacfy, for 5eMng
tiustee5 Marrin S￿reY thdd(3re ¥0￿her5 m IM)È with HMRC on 8 salary saul￿e b&si%. ofthese vcAJchers $
c￿tribUt￿)n5
In addnK)n Ihe charty nKvrred eX￿NI￿re toiaHiNJ £16.19212022.23 £11.￿24) in rE5FeCt of the uts¥)nwry provrxffl ol
Ddrren Jones. who i8 a tsu5tse land seryes &$ a church Le&erl so (x)ukl better perforn tt*ir dth*5.
All such ￿re rnade in line wilh ts clwrws and ar￿ of tr* app)intments of Il*se lndwhju￿S &$
of the Church, iaxed in aCCordar￿e with HMRC arKI Baptsi un￿ guAla￿ fv)r Manse provts¥m.
No sums wetE re¥nbur5ed 10 Tiitstees IDr tt*ir Tnjstees I2￿3.. nd).

I￿RLEy BApnsTCHURCH
FOR THE YEAR ENDED 31 MARCH 2024
TwiblÈ fix•d a888ts
Future5.
fillJrwJs and
equwrne
Free￿
To
2024
Crtst ortratuatwjn
At 3151 March 20fJ
Addrt%)
Diskx)5aJ5
At 31st March 2024
2,765266
2.765.266
2.765.266
2,765.266
AcaJmLJLqted depyeckgt
At 31st March 2023
Chawe lor the year
Eliminated dsrx)s
At 31st March 2024
Net txx* vdue
At 315f March 2024
2.765,286
2,765.266
31st March 2023
The Churth buildir¥J and land L% V8M*d ar £2.295.266. the purrknel bJthJ CA￿ at 2015. ￿ further V￿uaL￿ has been car￿d out
Since. The trustee5 are not of arty rnaten￿ dwys In vatsE JLme 2015 arKI the vahJaiKJn has been uF#Jated.
A S ye8rty ofthe ¥￿Ve ofthe c1xj￿h ma￿ (l*Thtsel YKascarried 2021 resLdrir¥J in ￿￿ent ￿ue of£470.LKK).
In the eveni of the chanty tsi 0￿rat* as a going t(￿M tr*)th ot buikliryjs rerrw the wortty the Barty Un•Jn olGreat
2024
2023
PTern￿ Hire
3.332
19.719
12,947
1.471
Legacy bdanth at 31.3.24
Seturry Dernsit
19.235
10 Cash ai Bank aF¥I in HATh1
2024
2023
CL%h at bank wth atce55
Noti￿ dew5ts Iwth a tsmi of tlwee OT kn)
Petty ca8h
62.221
205.310
3ZJ
138.689
213
11 Cr4diitsr¥.' l￿bIlItieS ￿li￿j Ibithin onè y
2024
2023
Trade credffnrs
3.518
2.520
2.855
1.380
2024
2023
76.347
76.347

NOTES TO THE ACCOUNTS
FOR ThE YEAR ENDED 31 IAARCH 2024
I￿111￿ referred m*S 14 and IS t￿1 ￿pay1r￿m &$ kkn..
2024
2023
Repayable.
Wrthin one
48.952
76.347
76,347
76.347
knan referred ￿ in ￿ ab￿ s laken Irom Ihe Baptsi UnK>n &78n fuThl. securert ty way of a tsed and lthts"ThJ charge on the
clwrrtW5 &%sets. Tr Bapu51 un￿Th CorwraiK)n s rhe Cust￿￿%￿ TrLLs*e for thÈ Church's buikJitvJsl. Kk>nthty donath)ns from Church
Mernbers have been pledged as securty for chartys k￿). 1Th￿re5¥ t5 Playab￿ at a varwt* Fate ol iwk base rate 3%. wh￿h at the
bdance S￿1 date was 7.25%. The kian is bEir¥J repa•J In n))nthty in51alrr£nts and be repaA1 in hdl by May 2030. Tr* Church has
been rTwkiry repayrnents alEad ot Schertu￿ L5 currenty o*rkwJ. i1￿elOre, are ffftnty due within ￿ ne￿ 12 rrKJntts.
The Church InteTMls ￿ rxjrnwe ￿payrrent of Ihe h)an in lull by 2025.
The charny is a kmrtiuparfflg ernph)str tt* gapti5t Per6KW) Sche￿* fft st￿1. s a separth enbty adrninistered ty Ihe
Pension Trusiee {Ba4)ll￿ PertshJ) TrLW Lrnstedl. ThÈ assets of Ihe Scheme ore hehj separatety frLYn fv of ts EmFtyer and thE
parnurlg*￿ ernkty￿.
The Scheme. prev￿ as BapD5t Minthrs" Per￿￿)n FLmd. siarted in 1925 tmll ¥￿s (J05ed b) futyre a¢crual ol defined berEfits on
31 De￿rnt￿r 2011 Pibjr to tht4 rwn benefft thrwh thÈ l)efirEd Benefft IDBI Plan was a pensw ol one ewjhtsth ol fin
rninirnum ￿nSK￿￿e ir￿orne for eath year of servi￿ knJets￿ *ith r*ns#)n in rESFeCt of twnium5 paKJ
Pen￿a￿e Incorre in excess ol m11¥n￿ PeTr&K￿8knIÈ I￿(￿re
Frorn January 2012. per￿1)n prrNw*n s bery rnade thrwh ttE Defined C￿trt￿ll￿￿ IDCI Plan ¥￿thin tr￿ Scheme. In gerEral. members
pay 8% of their Pen5K)nable Inco￿ emktyrs 646 of T￿be￿. Pensthat)le Irwr* into IrxlNKJuaJ FenS￿n attwnt5. wh￿h are
operated and nwoued on tehJf ol th2 Perwin TriJ51ee ty 8roadsTh CorrKJrate Be￿fits Ltd. In additw￿. the empk)yer pays a further 496 of
Pens10nab￿ ¢y)ver Death In Sen￿e Benefits. admintstrdwn o)5ts. and an asyjoaied ￿KY wiwKJe5 irKorr
protection lor ScherrÉ ￿mt￿r5 rttty are Unab￿ lo d￿ ￿ ￿￿￿.1￿M incapacty. Ths irKome yotectitin hLs been Insureil by the
Baptist Un￿n ofGreat Brthn with Aviva Lirnitrt. MErnt￿r5 01 the B&8iC SeaY)Th pay fedLthI I￿￿*￿11)nS of 596 of PenS￿Trab￿ Incorne. and
th*r empkryer5 a150 pay a off W.
ScheTh* is consKlered ty be a ThhJ"-empk)yer Scheme a8 desuthd ￿ Sect￿￿ 28 01 FRS 102. Be(xwe li i5 mt ￿)Ssth ￿ auribute Ihe
A valuation of DB Plan as ai 31 [￿rTth[ 2019 carr*d a ￿￿feSs￿x￿ Acw the Prc¥ÈLted Unn
Methtsd. At W￿ua￿l￿ d* ￿ rnarket v￿ue ol the DB Plan assetswas £298 rnlkn. whiLst ttE ￿e1 of assets fwded to pay t*nÈffts was
£316m. gwiw a defKit of £IBm lequwdeni ro a past servts of Y4%1. clwty arn1 thE participatiw errwwers In thè DB
RPI prK* inllatth asyJrrpts
CPI prte innatK)n
Minffnurn pen￿nab￿ Incre￿ hA11￿nI latthE cpr)
Pre-retIre￿￿n(assUft￿ 1rryesm￿t retums Igitt F4us 1.7596 ￿)
2.70
2.95
I Igih pIl￿ O.sq*
Minimum Pe￿￿)nable Ir￿rne 1rKYeas￿ (CPI r￿￿ 0.5%}
Deferred perL5￿ increases
- Pre April 2WJ
. Post April 2LIJ9
Pe￿￿)n irKre1￿ Ibased on CPI an ann￿ IkK)r of 096 8A1 aMtA cap 015q61
1.70
2.70

FOR THE YEAR ENDED 31 MARCH 2024
Mortdty ts a&surr*d In accor￿ 8(N6 olthe S3NA srarn1arLI rrortalny tstle. Futtjre Improvements proFcied from 2013 In line %%7th Ihe
MI 2019. proJe(IvJn wth a k￿g.IeM1 rdte of of 1.7546 p.a. for at¥J 1.596 p.& fc* lerrth wth the co￿ 5fTW)othw¥J
The ￿xI actuand ofihe DB PLqn within ￿ Scheme w Ilue w tske rAace than as at 31 Decemter 2022. HoV￿r. the DB
Plan is to be up. ar¥J the k) up siarted with eftea Irom 31 Marth 2024 and IherÈftye Tr) fuffn￿ vduaty)n i5due to
tske rAace.
In addnK)n to ￿ controthxkn tothe DC Plan set (¥Jt atrthe. a vakKth)n of ts D8 Flan Tevea15 a de￿itth￿ Trus*e aTrJ ts Coun
agree to a rate of defKienry c0ntnbut￿rts r(orn chUrc1￿S aTh1 otsr efflpbyer5 invohed m Ihe DB Plan. Folkmng the 2019 valuath
Recovery Flan was sKJtEd w Sepmiber 2020 ur¥Jer whKh de￿lenty ujnrriLwJL￿S are pay&ble unul ju￿ 2026. Thèse Contrit￿nS **re
broadty t)ased on each empknyerfs rrErnbetship at 31 t)￿rr￿e1 2014 aTh1 rtFease annu¥ in line wrth In￿￿5 to Minimutn PenS￿nal)le
Incoft* a5 defv￿d In the Rules.
On 30th Jur* 2022 8apiN Pertsmm Sct*rTE aTh agreemèni wmh ihe wwance cornpany JL15t Grrmw to secure DB PLan
mber5' ￿ns￿)n t*￿ffi5. J￿1 are [￿￿11￿ backiffj for ￿1 pens•Jrs through the Scr*rr￿s DB PkaTr 8Th1. TollowitwJ
thi5 iransacthm, the Str*n￿ rK) kxger h&$ a S￿r￿1. An urx1akn1 Retovery plan was In ALWJUSI 2022 ￿r￿er which recovery
contnbU￿nS from each pathpatir¥J errylw ￿ the D8 Pknn red￿ed 10 U K*r r￿nth from A￿j￿1 2022 These ¢XlnthbulN)ns are payable
uTh1er recovery plan 2026 wi#arnlirwJ contritArtKMs urwjer i
Recovery Plan are nor LY)nsthred rnateri￿ tsEretore have rN)t W I￿￿￿ed bdlance sheet
charws contrilyjtD￿ **re as
2024
2023
to Baptist un￿rt Mini51er5 defined ber*ft 5cheTr* (def￿ trnKJnl
2.868
6.762
9.630
7.411
15 Funds
Duriryj the yeaTtt* ￿KUerr￿nts (*wty5 luTrJ5 V+*re as kn..
Tra￿fe￿ G&ns arKI
Ck)siNJ
balanr*
2024
2024
2024
2024
2024
2024
Mi8sK)n Fur¥J
2.625
(26.662)
14,682}
27.161
3.124
FU￿ lor Clyjrch Grr*•rth InrtkqtNes
Repwr51 Renthvd FUTh1 (Eqt &
tAJildmgs1
Funds WTr1enti￿ty reSe￿d trt•Rrds
Phw 2 Property Devebkwrtrn
25.347
20.665
10.817
14.593)
6,224
17.
17.984
3B.7
135.937)
1214.6791
45.145
47,997
33.473
145.1451
36,211
TO￿ unre5trLtrd Fur*ts
72.261
262.562
129).6161
Fund for Cmrth GrLTh¥th Initiat
FuThl
3.625
5.497
B.729
12,7421
(3.9561
16.4531
2.330
6,353
1.250
Pwor& Fund
4.OTT
PraEe Club Fund
H(K*y Minssws Fraienw FwK15
1.2x1
1826)
5.445
19.681
113.9761
11,149

I￿RLEy BAPTIST CHURCH
FOR THE YEAR ENOEO 31 MARCH 2024
15 Funds IcorniwM￿d)
8￿￿1r¥JS Fund
8u*Jiws FuThJ lor Ph￿ 2 {Fulure
Devek)pn*At)
2.762.716
112.4ce
(7,4481
13.7251
2.867,675
16m7
25.172
2.7T9.613
124.4108
111.1731
2,892.847
Aggregats ￿ fuTrJ5
2E57.319
4[￿.651
1275.7661
2.988,204
GerErd to fJesvJna￿d"mtssth FuThJ-. The tra[￿lets a wrDon Icurrenty 15961 of it5 generat furxl dona￿nS aThJ relaied Grft Ah#
Incorre to the de5WJnated"m&8N￿ Fund" rt Uses ￿￿￿1 to In$DwWJ￿ and iThJNKlu￿s uTMlerrake aL￿rt￿s that fUr￿r
cw's objects. It is anticipatsd al of Ihe hnts des￿Tra￿d tjr ttw5 wrrKise wll be dtstr￿￿￿ed in the w finan￿￿ year.
bl Generd t0"[)e5￿naied Prerryses FLThJ". Cl￿rch W tran51erred a KWj￿￿b of ILS Prern￿ HI￿ Iiajrrenty
25%) to in a (Jeswjnated fund 10 save tv*ards Pl*se 2 expansth ￿ ol its tKJiklrys. Thesè rI￿*S rern￿n Generd Oesynaied
funds tra[￿Ierre[l back to general Fund slw)uhJ ar￿e Itwn 10 cover day.￿￿aY expendrture
5umirYJ ttEy Iwve mt l￿ed fvjr FUTh1 ￿￿, Tly wil bè Ir*tsferTed to IhÈ Ervkr•mTr*nt fv￿$￿en fy Churc* fmirnit5
a buik1iw projea.
cl All dewnated luThts are ￿nIeS[r￿ted lh￿can be tsar￿lerTed bad( k)r GenE￿ FuThJ day.iTrday exkYThaiture w. Ihe
Anatysls ol assets by fvnd
fU￿S
2024
Taryble r￿ed assets
2.765.266
16.754
2.765,266
37,469
20.147
22.101
47.997
.581
187.174
267,853
Creditors t￿11￿ due within year
c￿rtorS faUiThJ due after C*￿ year
16.038)
16.0381
(76.3471
t76,34n
36.211
47.997
11.149
2.892,847
2.￿,204
IrK>JmiThJ cxngo¥wJ
Trartslers Gars a￿1
Ch)g"ThJ
b￿an
2023
2023
20rd
2023
2023
DewedFuTr*s
miss￿￿ FUNI
4,641
127.
14,6531
Fund for Church Grcy•rth 1nitiaiTr￿s
Repair51 Renth￿ FuTrJ (Eqt &
buikYing51
2.625
25.347
110.7201
21.537
10.817
4,641
143.274)
71.421
38.7B8
76,021
240.010
1205.tsn
(n.4211
33,473
Tow Unrest￿ed FuThts
240.010
1248.4111
72.261

RLEY BAPTIST CHURCH
FOR ThE YEAR ENDED 31 MARCH 2024
ResiiNued Funds
Fund for C￿reh GtThwth Innkgfve5
Mi8sM)n Fund
P&sior81 FurMI
Horfey Mini51W5 Frate￿￿ FLmds
3.516
13.5161
13.2041
I2.￿)
IB46}
1.422
1.019
4.OTT
407
9.314
(9,8751
J¥dirnJs Fund
2.717.787
17.6181
2.762,716
BuildiThJs FuTrJ fr)r Phase 2 (Fubj
D￿k1p￿￿
16.853
16,897
2.734.640
52.591
(7,618)
2,779,613
•4grega* of
2321.307
Jl.915
1265.9J4}
2.857.319
Anatysis of assets by frjnd
In the prevKX￿ year. ts a55ets aTh110t¥In￿ varKxts fthJs*Ye *5
rkts
lunds
2023
TaThJble ftted assets
Deb￿rS
10)
I8.(￿7
2.765.266
2.765.266
22.835
19.701
4.962
198.750
Creditors fdlir¥J due W4hm one ￿ar
CredAOlS due after year
(4.23¥
148.952)
176.347)
153,1671
(76,347)
33.473
2.779.613
2.857,318
The P8Styral SUPkY)n peo* in rEed vrithin tt* hx41 c(#Ywrnmty.
m￿SKIn Fund is us&Y lo grfts ywen for or dWaab￿ cau5e5.
Fund lor Clwrch Grtrrth Init￿￿ is Used for devek)W￿[ of ts Churchs onlir* rrw and othEr initslwes
devek)prrÉnt of rts &aff. ￿Un￿e￿ and mirbstsy.
The Pratsè Club Fund is suprx)rrthe ac1m￿S01th￿ PraEe aub. t5 a group fDr alutts ￿1th I￿ed5.
The ftjnds behawol the Horley Mini8tsts' Fr&erThal are Wds pynt in￿a￿Ve5 aTrJ beN%Een ￿1 H¢Jdey Chrsiian
Churcl*s,
The EndthvnEni Funrf wa5 LL%ed for dorkitKMis g￿en Irthyards ts de1*kJw￿Tri of ts Church premr￿. After Ph￿ i BuihJiThJ prop
was comp￿1￿￿ receipts ded￿ated t¢ywards ts tyJihJirvJ rA4y off ￿ knan of w tthyards Phase 2 of buihlirnJ works have J￿n
16 Trans•￿10￿$ *Yth refaitd F>ArDes
Duriw the yeaf chanty".
al receNed donatKJns iot&lir#J £41.OY12022.23 E38.325) frtyn related kWt*s wKhMles tyu5tee5, arty othpr n*ftthr5 ofkey

k)RLEY BApnsr CHURCH
FOR THE YEAR ENDED 31 PAAIICH 2024
17 Reconclli•tion with previousty repJr*d fvnd5
2023
2021-22
prev￿5￿ rewrterf reserves. at 31 March
ju*rr*nts arisng froTn use ot accfuals basis
I[￿lusIon of previousty eXC￿ded fixed asse15
I￿lush)n of prevh)usty excknded debiors
I￿1￿$10￿ of prevK)u5ty exckjded credjttrs
Re-stated reserves. at 31 M￿ch
198.750
216.3LKI
2.765.266
22.835
129,532
2.857,319
2,765.266
19.643
IT9.￿3
2,821.307
2023
AJlju5Thents ansiry from ￿ of acrxuab b￿".
k1overr￿nts ￿ debknrs res￿ri￿ ITh tr* re(rAJnthn of l Oe5s} *x(XT
Moverr*nts ￿ credrtors regjttiry In ts* recuJnitK)n of less I InThe} ex￿￿re
Re.$la￿d resuts
117.549}
3.192
.371

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