BOSCOMBE BAPTIST CHURCH
Charity No. 1138015
Trustees' Report and Unaudited Accounts
31 December 2022
BOSCOM BE BAPTIST CHURCH Contents
| Pages | |
|---|---|
| Trustees' Annual Report | 2 to 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Statement of Cash flows | 16 |
| Notes to the Accounts | 8 to 15 |
| Detailed Statement of Financial Activities | 17 to 18 |
Page 1
BOSCOM BE BAPTIST CHURCH Trustees Annual Report
The trustees present their report with the unaudited financial statements of the charity for the year ended 31 December 2022.
REFERENCE AND ADM INISTRATIVE DETAILS
Charity No. 1138015
Principal Office
26 Palmerston Road Boscombe Bournemouth Dorset BH1 4HS
Trustees
The following trustees served during the year:
D.P. Chirnside C.M . Ellis H.E. Humby D.S. Kiteley D.R. Stewart J. Humby (Co-opted)
Trustees holding title to charity property
The Baptist Union Corp Ltd
Accountants
Bicknell Business Advisers Limited
40 Broadway Lane Bournemouth BH8 0AA
Bankers
HSBC 15 High Street Christchurch BH23 1AF
OBJECTIVES AND ACTIVITIES
Boscombe Baptist Church is evangelical and accepts the Holy Bible as its sole authority. It exists for the worship of Almighty God and to advance the Gospel of Jesus Christ in whatever way it can in accordance with the principles of the Baptist denomination within Boscombe, the wider area of BCP and elsewhere.
The Trustees confirm that they have referred to the Charity Commission's guidance on public benefit, in particular the specific guidance to charities for the advancement of religion, when reviewing the charity's aims and objectives and in planning future activities. All are welcome to attend the services and activities at the church; our membership comprising people from various ethnic and social backgrounds.
Page 2
BOSCOM BE BAPTIST CHURCH
Trustees Annual Report
Boscombe Baptist Church is an Evangelical Christian community located in BCP local authority. The increasing multi-cultural diversity of the area is represented in some of the Church M embership and in the congregation. 2022 has been a year of steady growth and stabilisation after the pandemic. With rising costs of utilities, the church has been proactive in processing and claiming a large Gift Aid claim, which has offset some of the financial burdens of running costs.
Daniel Chirnside has continued as M inister of the church, with administration being carried out by Helen Humby as required. The paid cleaner left in April 2022 and so reverted back to volunteer cleaners, saving costs. The church employed a Families and Communities worker (Mrs Lisa Calvert) for 18.75 hours per week from September 2022.
During 2022 various small maintenance jobs have been actioned to upkeep the building. The wall around the garden area was replaced and strengthened in the summer making it safer and look more contemporary. A new boiler was installed in the store room and other general maintenance jobs have been done to keep on top of the maintenance that comes with a building that is nearly 150 years old.
ACHIEVEM ENTS AND PERFORM ANCE
Weekly services on Sunday mornings are our main point of meeting togetheras a church family. We saw steady growth during the year: average attendance at year-end was approx. sixty adults and fifteen children aged 0-18. In addition, we ran a regular discipleship programme throughout the year, which saw good uptake from a church of our size. We continue to hold prayer meetings both in-person and on Zoom.
Children's ministry continued to grow via our Sunday School programme and youth work for secondary school-aged children started in September under the leadership of our Families and Communities Worker. This has steadily grown to an average of 8-10 young people attending weekly. After church refreshments and fellowship continues to shared by approx. 80% of people who come to our worship service.
Two funerals were held and four baptisms were performed.
Rentals were added to, in addition to the support groups already renting. A warm welcome space ran from November 2022 to M arch 2023 for the community to access.
FINANCIAL REVIEW
It is the policy of the Charity Trustees to maintain unrestricted funds, which are free reserves of the Church, at a level which takes into account variable general giving, future repair needs of the Church building and M anse, and the need to support our staff team. The Leadership Team estimate that this should be 6 months of expenditure and will seek to keep this level of funds available at all times.
The Leadership Team has powers to invest surplus Church funds at their absolute discretion. Their current policy is to invest surplus funds in 3 Baptist Union high interest accounts. Gas and Electricity supplies are checked by external assessors and comply with UK regulations. Fire and Third-Party Insurance maintained to the appropriate levels. A further roof leak addressed.
The Baptist Union Corporation Ltd hold the Church, land and buildings, at the Church address shown above, in trust on behalf of the M embers of the Boscombe Baptist Church as determined by the Trust Deed dated 28th M arch 1941.
A conservative estimate of the market value at the end of 2022 of the land and buildings of the Church and the M anse would be £500,000 and £400,000 respectively.
STRUCTURE, GOVERNANCE AND M ANAGEM ENT
Boscombe Baptist Church was registered as a charity on 15th September 2010. The registered charity number is 1138015
Page 3
BOSCOM BE BAPTIST CHURCH
Trustees Annual Report
New Trustees are appointed by the Church M embers meeting and usually at the AGM . M embers meetings take place not less than four times a year and have responsibility for the overall policy of the Church. In accordance with the Constitution, the members appoint up to twelve trustees who together with the M inister, Church Secretary and Treasurer are collectively known as the Leadership Team. Currently, we have no treasurer so this role has been assumed and shared by the Leadership Team who are responsible for the day-to-day running of the Church's work and witness and the financial and legal aspects of the charity. Relevant matters may be submitted to the Church M eeting by the Leadership Team for guidance and approval or may be submitted to the Leadership Team for consideration at the next M embers' M eeting. Boscombe Baptist Church was registered with the Charity Commission on 15th September 2010 as Charity number 1138015. In November 2012 the Church was formally accepted into the Baptist Union which provides greater support for the church in terms of resource and experience.
Statement of trustees' responsibilities in relation to the financial statements
The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the charity's trustees
D.P. Chirnside Trustee 31 July 2023
Page 4
BOSCOM BE BAPTIST CHURCH
Independent Examiners Report
Independent Examiner's Report to the trustees of BOSCOM BE BAPTIST CHURCH
I report to the trustees on my examination of the financial statements of BOSCOM BE BAPTIST CHURCH for the year ended 31 December 2022 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011('the Act'). The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed.
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 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
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in, any material respect:
-
the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the applicable requirements concerning the form and content of the financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Steve Bicknell FCM A
Fellow of the Chartered Institute Of M anagement Accountants
Bicknell Business Advisers Limited
40 Broadway Lane Bournemouth
BH8 0AA
31 July 2023
Page 5
BOSCOM BE BAPTIST CHURCH
Statement of Financial Activities
for the year ended 31 December 2022
| Unrestricted | Restricted | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| funds | funds | Total funds | Total funds | |||||||
| 2022 | 2022 | 2022 | 2021 | |||||||
| Notes | £ | £ | £ | £ | ||||||
| Income and endowments | ||||||||||
| from: | ||||||||||
| Donations and legacies | 2 | 56,264 | - | 56,264 | 27,991 | |||||
| Charitable activities | 3 | - | 2,862 | 2,862 | 3,350 | |||||
| Other trading activities | 4 | 31,496 | - | 31,496 | 15,115 | |||||
| Investments | 5 | 564 | - | 564 | 749 | |||||
| Total | 88,324 | 2,862 | 91,186 | 47,205 | ||||||
| Expenditure on: | ||||||||||
| Raising funds | 6 | 6,876 | - | 6,876 | 1,707 | |||||
| Charitable activities | 7 | 742 | 1,282 | 2,024 | 3,166 | |||||
| Other | 9 | 68,892 | 1,943 | 70,834 | 55,560 | |||||
| Total | 76,509 | 3,225 | 79,734 | 60,433 | ||||||
| Net gains on investments | - | - | - | - | ||||||
| Net income/ (expenditure) | 11,815 | (363) | 11,452 | (13,228) | ||||||
| Transfers between funds | - | - | - | - | ||||||
| Net income/ (expenditure) before other gains/ (losses) |
11,815 | (363) | 11,452 | (13,228) | ||||||
| Other gains and losses | ||||||||||
| Net movement in funds | 11,815 | (363) | 11,452 | (13,228) | ||||||
| Reconciliation of funds: | ||||||||||
| Total funds brought forward | 107,331 | 2,585 | 109,916 | 123,144 | ||||||
| Total funds carried forward | 119,146 | 2,222 | 121,368 | 109,916 | ||||||
Page 6
BOSCOM BE BAPTIST CHURCH
Balance Sheet
at 31 December 2022
| Charity No. 1138015 | 2022 | 2021 | |
|---|---|---|---|
| £ | £ | ||
| Current assets | |||
| Cash at bank and in hand | 121,368 | 109,916 | |
| 121,368 | 109,916 | ||
| Net current assets | 121,368 | 109,916 | |
| Total assets less current liabilities | 121,368 | 109,916 | |
| Net assets excluding pension asset or liability | 121,368 | 109,916 | |
| Total net assets | 121,368 | 109,916 | |
| The funds of the charity | |||
| Restricted funds | 12 | ||
| Restricted income funds | 2,222 | 2,585 | |
| 2,222 | 2,585 | ||
| Unrestricted funds | 12 | ||
| General funds | 66,693 | 27,389 | |
| Designated funds | 52,453 | 79,942 | |
| 119,146 | 107,331 | ||
| Reserves | 12 | ||
| Total funds | 121,368 | 109,916 | |
Approved by the trustees on 31 July 2023
And signed on their behalf by:
D.P. Chirnside Trustee 31 July 2023
Page 7
BOSCOM BE BAPTIST CHURCH
Notes to the Accounts
for the year ended 31 December 2022
- 1 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102) and the Charities Act 2011.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
Fund accounting
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Income
Recognition of income Income is included in the Statement of Financial Activities (SoFA) when the charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and legacies Voluntary income received by way of grants, donations and gifts is included in the the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/ donation to which it relates. Donated services and These are only included in income (with an equivalent amount in expenditure) facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/ (losses) on This includes any gain or loss resulting from revaluing investments to market revaluation of fixed value at the end of the year. assets Gains/ (losses) on This includes any gain or loss on the sale of investments. investment assets
Page 8
BOSCOM BE BAPTIST CHURCH Notes to the Accounts
Expenditure
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT expenditure which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on raising These comprise the costs associated with attracting voluntary income, funds fundraising trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities charitable activities and services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/ independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. Other expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from tax on its charitable activities.
Freehold investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
Stocks
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Page 9
BOSCOM BE BAPTIST CHURCH
Notes to the Accounts
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign currencies
M onetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/ expenditure.
Leased assets
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
2 Income from donations and legacies
| Income from donations and legacies | |||
|---|---|---|---|
| Unrestricted | Total | Total | |
| 2022 | 2021 | ||
| £ | £ | £ | |
| Regular Giving | 25,074 | 25,074 | 21,531 |
| One-off gifts | 15,092 | 15,092 | 6,460 |
| Gift Aid tax recovered | 16,098 | 16,098 | - |
| 56,264 | 56,264 | 27,991 | |
Page 10
BOSCOM BE BAPTIST CHURCH
Notes to the Accounts
3 Income from charitable activities
| 3 | Income from charitable activities | ||||
|---|---|---|---|---|---|
| Restricted | Total | Total | |||
| 2022 | 2021 | ||||
| £ | £ | £ | |||
| M ission | 463 | 463 | 1,407 | ||
| Other Gifts | 328 | 328 | 1,943 | ||
| Community Grants | 2,071 | 2,071 | - | ||
| 2,862 | 2,862 | 3,350 | |||
| 4 | Income from other trading activities | ||||
| Unrestricted | Total | Total | |||
| 2022 | 2021 | ||||
| £ | £ | £ | |||
| Rental Income | 30,169 | 30,169 | 15,071 | ||
| Other | 1,327 | 1,327 | 44 | ||
| 31,496 | 31,496 | 15,115 | |||
| 5 | Income from investments | ||||
| Unrestricted | Total | Total | |||
| 2022 | 2021 | ||||
| £ | £ | £ | |||
| Interest Received - BU Deposit | 564 | 564 | 749 | ||
| Accounts | |||||
| 564 | 564 | 749 | |||
| 6 | Expenditure on raising funds | ||||
| Unrestricted | Total | Total | |||
| 2022 | 2021 | ||||
| £ | £ | £ | |||
| Costs of generating voluntary | |||||
| income | |||||
| Regular Giving | 6,876 | 6,876 | 1,707 | ||
| 6,876 | 6,876 | 1,707 | |||
| 7 | Expenditure on charitable activities | ||||
| Unrestricted | Restricted | Total | Total | ||
| 2022 | 2021 | ||||
| £ | £ | £ | £ | ||
| Expenditure on charitable | |||||
| activities | |||||
| M ission | 742 | 804 | 1,546 | 3,166 | |
| Community Grants | - | 478 | 478 | - | |
| Governance costs | |||||
| 742 | 1,282 | 2,024 | 3,166 | ||
Page 11
BOSCOM BE BAPTIST CHURCH
Notes to the Accounts
8 M ission Giving
Unrestrict
| Unrestrict | |||||
|---|---|---|---|---|---|
| ed | Restricted | Endowment | Total | Total | |
| 2022 | 2021 | ||||
| £ | £ | £ | £ | £ | |
| Compassion Children | 692 | 692 | |||
| Sponsored | 692 | ||||
| M issionary | 747 | 747 | |||
| PACE | 50 | 50 | |||
| Send a Cow | 57 | 57 | 200 | ||
| 742 | 804 | - | 1,546 | 3,366 |
9 Other expenditure
| Other expenditure | |||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| 2022 | 2021 | ||||
| £ | £ | £ | £ | ||
| Employee costs | 38,561 | 1,943 | 40,503 | 32,620 | |
| M otor and travel costs | 26 | - | 26 | 322 | |
| Premises costs | 25,672 | - | 25,672 | 17,755 | |
| General administrative costs | 3,793 | - | 3,793 | 3,948 | |
| Legal and professional costs | 840 | - | 840 | 915 | |
| 68,892 | 1,943 | 70,834 | 55,560 | ||
| Trustee remuneration and expenses | |||||
| 2022 | 2021 | ||||
| Number | Number | ||||
| Number of trustees paid expenses | - | 1 | |||
| The nature of the reimbursed expenses | M ileage Allowance, proportion of | M anse utilities (as per | |||
| contractual agreement) and other applicable purchases | |||||
| made on behalf of BBC |
10 Trustee remuneration and expenses
Page 12
BOSCOM BE BAPTIST CHURCH
Notes to the Accounts
11 Staff costs
| 2022 | 2021 | ||
|---|---|---|---|
| Salaries | and wages | 33,974 | 28,591 |
| Pension | costs | 3,123 | 3,025 |
| 37,097 | 31,616 | ||
No employee received emoluments in excess of £60,000.
The average monthly number of full time equivalent employees during the year was as follows:
| 2022 | 2021 | |
|---|---|---|
| Number | Number | |
| M inister | 1 | 1 |
| 1 | 1 |
Pension contributions are made to a NEST pension scheme.
Page 13
BOSCOM BE BAPTIST CHURCH
Notes to the Accounts
12 M ovement in funds
| **M ovement ** | in funds | |||||
|---|---|---|---|---|---|---|
| Incoming | ||||||
| resources | ||||||
| At 31 | ||||||
| (including | Resources | December | ||||
| other | expended | 2022 | ||||
| At 1 January | gains/ losses | |||||
| 2022 | ) | |||||
| £ | £ | £ | ||||
| Restricted funds: | ||||||
| Restricted income funds: | ||||||
| M ission | (105) | 463 | (57) | 301 | ||
| Other | 2,690 | - | (2,690) | 1 | ||
| Community | - | 2,399 | (478) | 1,921 | ||
| Total | 2,585 | 2,862 | (3,225) | 2,222 | ||
| Unrestricted funds: | ||||||
| General funds | 27,389 | 87,760 | (48,456) | 66,693 | ||
| Designated funds: | ||||||
| Residual funds from M anse | ||||||
| Sale/ Purchase | 79,942 | 564 | (28,053) | 52,453 | ||
| Total | 79,942 | 564 | (28,053) | 52,453 | ||
| Total funds | 109,916 | 91,186 | (79,734) | 121,368 | ||
| Purposes and restrictions in relation to the funds: | ||||||
| Restricted funds: | ||||||
| M ission | Collections for charities | |||||
| Other | Non -charity | |||||
| Community | provision of warm space and | refreshments for local community | ||||
| Designated | funds: | |||||
| Residual funds from M anse | To pay for a minister (2020-2023) | |||||
| Sale/ Purchase |
13 Analysis of net assets between funds
| Unrestricted | Restricted | ||||
|---|---|---|---|---|---|
| Total | |||||
| funds | funds | ||||
| £ | £ | £ | |||
| Net | current | assets | 119,145 | 2,223 | 121,368 |
| 119,145 | 2,223 | 121,368 | |||
Page 14
BOSCOM BE BAPTIST CHURCH
Notes to the Accounts
14 Reconciliation of net debt
| Reconciliation of net debt | ||||
|---|---|---|---|---|
| At 31 | ||||
| At 1 January | December | |||
| 2022 | Cash flows | 2022 | ||
| £ | £ | £ | ||
| Cash and cash equivalents | 109,916 | 11,452 | 121,368 | |
| 109,916 | 11,452 | 121,368 | ||
| Net debt | 109,916 | 11,452 | 121,368 | |
| Commitments | ||||
| Operating lease commitments | ||||
| Annual commitments under non-cancellable operating leases are as follows: | ||||
| 2022 | 2022 | 2021 | 2021 | |
| Land and | Land and | |||
| Other | Other | |||
| buildings | buildings | |||
| £ | £ | £ | £ | |
| Operating leases with expiry date: | ||||
| Pension commitments | ||||
| 2022 | 2021 | |||
| £ | £ | |||
| The pension cost charge to the charity | ||||
| amounted to: | 3,123 | 3,025 | ||
15 Commitments
Page 15
BOSCOM BE BAPTIST CHURCH Statement of Cash flows
for the year ended 31 December 2022
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Cash flows from operating activities | ||
| Net income/ (expenditure) per Statement of Financial Activities | 11,452 | (13,228) |
| Adjustments for: | ||
| Dividends, interest and rents from investments | (564) | (749) |
| Other gains/ losses | - | - |
| Net cash provided by/ (used in) operating activities | 10,888 | (13,977) |
| Cash flows from investing activities | ||
| Dividends, interest and rents from investments | 564 | 749 |
| Net cash from investing activities | 564 | 749 |
| Net cash from financing activities | - | - |
| Net increase/ (decrease) in cash and cash equivalents | 11,452 | (13,228) |
| Cash and cash equivalents at the beginning of the year | 109,916 | 123,144 |
| Cash and cash equivalents at the end of the year | 121,368 | 109,916 |
| Components of cash and cash equivalents | ||
| Cash and bank balances | 121,368 | 109,916 |
| 121,368 | 109,916 | |
Page 16
BOSCOM BE BAPTIST CHURCH
Detailed Statement of Financial Activities
for the year ended 31 December 2022
| Unrestricte | Restricted | |||
|---|---|---|---|---|
| d funds | funds | Total funds | Total funds | |
| 2022 | 2022 | 2022 | 2021 | |
| £ | £ | £ | £ | |
| Income and endowments from: | ||||
| Donations and legacies | ||||
| Regular Giving | 25,074 | - | 25,074 | 21,531 |
| One-off gifts | 15,092 | - | 15,092 | 6,460 |
| Gift Aid tax recovered | 16,098 | - | 16,098 | - |
| 56,264 | - | 56,264 | 27,991 | |
| Charitable activities | ||||
| M ission | - | 463 | 463 | 1,407 |
| Other Gifts | - | 328 | 328 | 1,943 |
| Community Grants | - | 2,071 | 2,071 | - |
| - | 2,862 | 2,862 | 3,350 | |
| Other trading activities | ||||
| Rental Income | 30,169 | - | 30,169 | 15,071 |
| Other | 1,327 | - | 1,327 | 44 |
| 31,496 | - | 31,496 | 15,115 | |
| Investments | ||||
| Interest Received - BU Deposit | 564 | - | 564 | 749 |
| Accounts | ||||
| 564 | - | 564 | 749 | |
| Total income and endowments | 88,324 | 2,862 | 91,186 | 47,205 |
| Expenditure on: | ||||
| Costs of generating donations and | ||||
| legacies | ||||
| Regular Giving | 6,876 | - | 6,876 | 1,707 |
| 6,876 | - | 6,876 | 1,707 | |
| Total of expenditure on raising | 6,876 | - | 6,876 | 1,707 |
| funds | ||||
| Charitable activities | ||||
| M ission | 742 | 804 | 1,546 | 3,166 |
| Community Grants | - | 478 | 478 | - |
| 742 | 1,282 | 2,024 | 3,166 | |
| Total of expenditure on charitable activities |
742 | 1,282 | 2,024 | 3,166 |
| Employee costs | ||||
| Salaries/ wages | 33,974 | - | 33,974 | 28,591 |
| Pension costs | 3,123 | - | 3,123 | 3,025 |
| Staff entertainment | 529 | - | 529 | 102 |
| Staff training | 708 | 1,943 | 2,650 | 492 |
| Temporary staff | 227 | - | 227 | 410 |
Page 17
BOSCOM BE BAPTIST CHURCH
Detailed Statement of Financial Activities
| 38,561 | 1,943 | 40,503 | 32,620 | |
|---|---|---|---|---|
| M otor and travel costs | ||||
| Business mileage costs | 26 | - | 26 | 322 |
| reimbursed | ||||
| 26 | - | 26 | 322 | |
| Premises costs | ||||
| Light, heat and power | 9,830 | - | 9,830 | 8,677 |
| Premises cleaning | 1,915 | - | 1,915 | 1,736 |
| Premises insurances | 2,381 | - | 2,381 | 437 |
| Premises repairs and maintenance |
11,546 | - | 11,546 | 6,905 |
| 25,672 | - | 25,672 | 17,755 | |
| General administrative costs, | ||||
| including depreciation and | ||||
| amortisation | ||||
| Bank charges | 107 | - | 107 | 8 |
| Equipment expensed | 82 | - | 82 | 816 |
| Information and publications | 1,068 | - | 1,068 | 1,648 |
| Postage and couriers | 11 | - | 11 | 5 |
| Software, IT support and related | 981 | - | 981 | 456 |
| costs | ||||
| Stationery and printing | 630 | - | 630 | 536 |
| Subscriptions | 653 | - | 653 | 479 |
| Sundry expenses | 261 | - | 261 | - |
| 3,793 | - | 3,793 | 3,948 | |
| Legal and professional costs | ||||
| Audit/ Independent examination | 840 | - | 840 | 840 |
| fees | ||||
| Accountancy and bookkeeping | - | - | - | 75 |
| 840 | - | 840 | 915 | |
| Total of expenditure of other costs | 68,892 | 1,943 | 70,834 | 55,560 |
| Total expenditure | 76,509 | 3,225 | 79,734 | 60,433 |
| Net gains on investments | - | - | - | - |
| Net income/ (expenditure) | 11,815 | (363) | 11,452 | (13,228) |
| Net income/ (expenditure) before other gains/ (losses) |
11,815 | (363) | 11,452 | (13,228) |
| Other Gains | - | - | - | - |
| Net movement in funds | 11,815 | (363) | 11,452 | (13,228) |
| Reconciliation of funds: | ||||
| Total funds brought forward | 107,331 | 2,585 | 109,916 | 123,144 |
| Total funds carried forward | 119,146 | 2,222 | 121,368 | 109,916 |
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