##
##
|Trustees|||D Collins||||
|---|---|---|---|---|---|---|
||||L Lurcock||||
||||S Lynch||||
||||A Pop||||
||||D Treneer||||
||||SWalker||||
||||0Wilson||||
|Elders|||J Holman||||
||||M Lovell||||
||||D Treneer||||
||||TVellacott||||
||||SWhiffield||||
|Charity number|||1136471||||
|Company|number||07227205||||
|Registered||office|65-71 Holland||Road||
||||Hove||||
||||East Sussex||||
||||BN3 1JN||||
|Independent||examiner|John Caladine||FCCA|CTA FCIE|
||||Caladine
Limited||||
||||Chantry
House||||
||||22 Upperton|Road|||
||||Eastbourne||||
||||East Sussex||||
||||BN21 1BF||||
|Bankers|||National Westminster|||Bank Pic|
||||56 Churchill|Square|||
||||Brighton||||
||||East Sussex||||
||||BN12ES||||
|Solicitors|||Mayo Wynne|Baxter|||
||||20 Gildridge|Road|||
||||Eastboume||||
||||East Sussex||||
||||BN21 4RP||||
##
##
|||Page|
|---|---|---|
|Trustees' report||1-5|
|Statement ofTrustees'|responsibifities||
|Independent
examiner's
report|||
|Statement offinancial|activities||
|Statement offinancial|position|9-10|
|Statement ofcash flows|||
|Notes to the financial|statements|12-24|
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||||Unrestriicted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
||||funds|funds||funds|funds||
|||Notes|2022
5|2022f|2022
6|2021
f|2021
6|2021|
|Income from:|||||||||
|Donations
and|||||||||
|legacies||2|459,236||459,236|460,333||460,333|
|Charitable
activities||3|15,066||15,066|13,791||13,791|
|Investments||4|26,218||26,218|7,837||7,837|
|Total income|||500,520||500,520|481,961||481,961|
|~ECh|||||||||
|Charitable
activities||5|482,095||482,095|512,024||512,024|
|Net gains/(losses)
investments||on
10|27,964||27,964||||
|Net income/(expenditure)|||||||||
|for the year/|||||||||
|Net movement|in|funds|46,389||46,389|(30,063)||(30,063)|
|Fund balances at 1 January
2022|||1,024,757|1,167,535|2,192,292|1,054,820|1,167,535|2,222,355|
|Fund balances|at|31|||||||
|December 2022|||1,071,146|1,167,535|2,238,681|1,024,757|1,167,535|2,192,292|
##
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##
|||||2022||2021||
|---|---|---|---|---|---|---|---|
||||Notes|f||6||
|Fixed assets||||||||
|Property,
plant and equipment
Investment
property|||12
13||1,201,017
450,000||1,201,526
422,036|
||||||1,651,017||1,623,562|
|Current assets||||||||
|Trade and other receivables|||14|26,835||25,385||
|Cash at bank and|in|hand||599,038||585,703||
|||||625,873||611,088||
|Current
liabilities|||15|(13,377)||(14,415)||
|Net current assets|||||612,496||596,673|
|Total assets less|current liabilities||||2,263,513||2,220,235|
|Non-current
liabilities|||16||(24,832)||(27,943)|
|~Udder||||||||
|Net assets|||||2,238,681||2,192,292|
|Income funds||||||||
|Restricted funds|||19||1,167,535||1,167,535|
|f||||||||
|Designated
funds:||||||||
|Designated
funds||||145,658||147,758||
||||20|145,658||147,758||
|General unrestricted||funds||925,488||876,999||
||||||1,071,146||1,024,757|
||||||2,238,681||2,192,292|
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||||||2022||2021||
|---|---|---|---|---|---|---|---|---|
|||||Notes|6||f||
|Cash flows from operating||activities|||||||
|Cash absorbed
by operations||||25||(9,772)||(26,138)|
|Investing|activities||||||||
|Purchase|ofinvestment
property||||||(422,036)||
|Investment|income received||||26,218||7,837||
|Net cash generated
from/(used|||in)||||||
|investing|activities|||||26,218||(414,199)|
|Financing|activities||||||||
|Repayment|ofborrowinge||||(3,111)||(2,483)||
|Net cash|used in financing|activities||||(3,111)||(2,483)|
|Net increase/(decrease)
in||cash and cash|||||||
|equivalents||||||13,335||(442,820)|
|Cash and|cash equivalents|at beginning||ofyear||585,703||1,028,523|
|Cash and|cash equivalents|at end of||year||599,038||585,703|
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|2|Donations||and legacies|||
|---|---|---|---|---|---|
|||||Unrestdcted|Unrestdicted|
|||||funds|funds|
|||||2022|2021|
||||||5|
||Donations|and gifts||459,236|460,250|
||Legacies receivable||||83|
|||||459,236|460,333|
||Donations||and gifts|||
||Donations||and gifls|386,506|388,478|
||Tax refunds|||72,730|71,772|
|||||459,236|460,250|
|3|Charitable||activities|||
|||||2022|2021|
|||||8|8|
||Lettings income|||1,149|1,230|
||Mission Trips Income|||4,917|4,736|
||Cottage rental income|||9,000|7,825|
|||||15,066|13,791|
||For the year ended 31December 2021|||||
||Unrestricted||funds||13,791|
##
|||Unrestricted|Unrestdicted|
|---|---|---|---|
|||funds|funds|
|||2022|2021|
|Rental|income|24,014|7,623|
|Interest|receivable|2,204|214|
|||26,218|7,837|
##
##
|5|Charitable
activities||||
|---|---|---|---|---|
||||2022|2021|
||Salary costs||232,541|215,400|
||Depreciation||509|1,015|
||Pastoralexpenses||2,837|3,232|
||Conference
and delegate expenses||1,708|1,820|
||Premises for parking||3,746|125|
||Outreach||718|3,347|
||Music and drama||2,053|1,868|
||Books and purchases||658|793|
||Catering||1,480|138|
||Youthwork
and other||10,724|8,391|
||Mission trips and events||2,204|6,448|
||Training||1,856|1,208|
||Group ministries||1,349|1,674|
||Sundries||5,227|7,097|
||Church
equipment
repairs and renewals||5,547|8,942|
||Electricity, Gas and Water||12,215|15,931|
||Insurance||9,771|8,591|
||Repairs and Maintenance||22,519|20,040|
||Small Equipment||1,797|2,936|
||Licences and Subscriptions||2,269|2,191|
||Legacy expenditure||800||
||||322,528|311,187|
||Grant funding
ofactivities (see note 6)||88,062|111,030|
||Share ofsupport costs (see note 7)||65,505|81,794|
||Share ofgovernance|costs (see note 7)|6,000|8,013|
||||482,095|512,024|
||Analysis
by fund||||
||Unrestricted
funds||482,095||
||Forthe year ended|31 December 2021|||
||Unrestricted
funds|||512,024|
##
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|||||2022|2021|
|---|---|---|---|---|---|
|Grants to|institutions:|||||
|Christians|Against
Poverty|||19,781|19,775|
|General Gifts to organisations||||4,000|5,839|
|Global Partners||||14,307|14,708|
|Missionary|Organisations|||15,954|13,670|
|Missionary|Partners|||7,096|32,037|
|||||61,138|86,029|
|Grants to|individuals|||26,924|25,001|
|||||88,062|111,030|
|Support and governance costs||||||
|||Support|Governance|Total|2021|
|||costs|costs|2022||
|||6||6|6|
|Salary costs||47,067||47,067|65,653|
|Telephone||4,142||4,142|3,567|
|Oflice and|Administration|14,296||14,296|12,574|
|Independent
Examination|||780|780|780|
|Accountancy|||3,120|3,120|3,120|
|Legal and|professional||990|990|2,633|
|Bank Charges|||437|437|466|
|Loan Interest|||673|673|1,014|
|||65,505|6,000|71,505|89,807|
|d~ld|d I|||||
|Charitable|activities|65,505|6,000|71,505|89,807|
##
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|The average|monthly
number offull and part time emp|loyees
during the year was:||
|---|---|---|---|
|||2022|2021|
|||Number|Number|
|Direct church|activities|||
|Support||||
|Thrivers||||
|Total||12|13|
|Employment|costs|2022|2021|
|||K|8|
|Wages and salaries||240,648|244,450|
|Social security costs||15,273|14,265|
|Other pension costs||23,687|22,338|
|||279,808|281,053|
##
##
|Net gainsl(l|osses)
on in|vestments|||
|---|---|---|---|---|
||||Unrestricted|Total|
||||funds||
||||2022|2021|
|||||8|
|Revaluation|ofinvestment|properties|27,964||
##
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##
|12|Property
and equipment|Property
and equipment|Property
and equipment|||||
|---|---|---|---|---|---|---|---|
||||||Land and|Fixtures,|Total|
||||||buildings|fittings 8||
||||||6|equipment
f||
||Cost|||||||
||At 1 January|2022|||1,200,000|52,544|1,252,544|
||At 31 December 2022||||1,200,000|52,544|1,252,544|
||Depreciation|and impairment||||||
||At 1 January|2022||||51,018|51,018|
||Depreciation|charged|in the|year||509|509|
||At 31 December 2022|||||51,527|51,527|
||Carrying
amount|||||||
||At 31 December 2022||||1,200,000|1,017|1,201,017|
||At 31 December 2021||||1,200,000|1,526|1,201,526|
|13|Investment|property||||||
||||||||2022|
||||||||6|
||Fair value|||||||
||At 1 January|2022|||||422,036|
||Net gains or|losses through||fair value adjustments|||27,964|
||At 31 December 2022||||||450,000|
|Trade and other receivables|||
|---|---|---|
||2022|2021|
|Amounts
falling due within one year:|8|6|
|Other receivables|23,457|22,065|
|Prepayments|3,378|3,320|
||26,835|25,385|
##
##
##
|15|Current|liabilities|liabilities|liabilities|||||
|---|---|---|---|---|---|---|---|---|
||||||||2022|2021|
||||||||6|6|
||Other taxation|||and social|security||4,334||
||Baptist Union||Corporation||Ltd (Loan)||3,709|3,496|
||Other payables||||||1,434|7,019|
||Accrue(a||||||3,900|3,900|
||||||||13,377|14,415|
|16|Non-current||liabilities||||||
||||||||2022|2021|
|||||||||6|
||Baptist Union||Corporation||Ltd||24,832|27,943|
|17|Borrowings||(see note 21)||||||
||||||||2022|2021|
||||||||6|6|
||Payable|within||one year||(see note 14)|3,709|3,496|
||Payable|afier|one year|||(see note 15)|24,832|27,943|
||||||||28,541|31,439|
##
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||||Movement||Movement||
|---|---|---|---|---|---|---|
||||in funds||in funds||
||Balance|at|Incoming|Balance at|Incoming|Balance at|
||1 January 2021||~ssources1 January 2022||resources|31 December|
||||f|f||2022f|
|Property|1,167,535|||1,167,535||1,167,535|
|The Properties are stated at cost off1,200,000 within||the balance sheet.||The difference off32,465 compared|||
|to the fund balance represents|money raised through|unrestricted
funds.|||||
##
||||Movement|in funds||||
|---|---|---|---|---|---|---|---|
|||Balance st|Incoming|Resources|Balance at|Resources|Balance at|
|||1January 2021|resources|expended1|January 2022|expended|31 December
2022f|
|Legacies|General|36,526|83||36,609||36,609|
|Reserve|fund|85,000|||85,000||85,000|
|Legacies|World Mission|31,549||(5,400)|26,149|(2,100)|24,049|
|||153,075||(5,400)|147,758|(2,100)|145,858|
##
|Analysis|ofnet assets between
funds|ofnet assets between
funds||||||
|---|---|---|---|---|---|---|---|
||Unrastdicted||Restricted|Total Unrestricted||Restricted|Total|
|||funds|funds||funds|funds||
|||2022f|2022f|2022|2021f|2021f|2021f|
|Fund balances are represented||by:||||||
|Property,
equipment|plant and|1,201,017||1,201,017|33,991|1,167,535|1,201,526|
|Investment|properties|(717,535)|1,167,535|450,000|422,036||422,036|
|Current assets/(liabilities)||612,496||612,496|596,673||596,673|
|Long term|liabilities|(24,832)||(24,832)|(27,943)||(27,943)|
|||1,071,146|1,167,535|2,238,681|1,024,757|1,167,535|2,192,292|
##
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##
||2022
8|2021f|
|---|---|---|
|Within one year|3,892|3,892|
|Between two and five years|5,838|9,730|
||9,730|13,622|
##
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##
|2022f|2021
K|
|---|---|
|141,133|130,829|
##
|work as em|ployees
ofthe Church as allowed
within the|Memorandum
and Articles ofAssociation.||
|---|---|---|---|
|||2022|2021|
|||6||
|Salaries||||
|D Treneer||42,048|38,646|
|SWalker||33,216|32,244|
|Employers|NIC|||
|DTreneer||4,796|4,107|
|SWalker||3,513|3,231|
|Pension contributions||||
|D Treneer||4,205|2,858|
|SWalker||3,322|3,224|
##
##
|25|Cash generated
from|operations|||||2022f|2021f|
|---|---|---|---|---|---|---|---|---|
||Surplus/(deficit)
forthe|year|||||46,389|(30,063)|
||Adjustments
for:||||||||
||Investment
income recognised
in statement|||offinancial|activities||(26,218)|(7,837)|
||Fair value gains and losses on investment|||properties|||(27,964)||
||Depreciation
and impairment
ofproperty,||plant and equipment||||509|1,015|
||Movements
in working|capital:|||||||
||(Increase)/decrease
in|trade and other receivables|||||(1,450)|4,767|
||(Decrease)/increase
in|trade and other payables|||||(1,038)|5,980|
||Cash absorbed
by operations||||||(9,772)|(26,138)|
|26|Analysis ofchanges|in net funds|||||||
|||||||At 1January|Cash tlaws|At 21 December|
|||||||2022f|f|2e22
f|
||Cash at bank and
in hand|||||585,703|13,335|599,038|
||Loans falling due aRer|more than one year||||(27,943)|3,111|(24,832)|
|||||||557,760|16,446|574,206|