REGISTERED CHARITY NUMBER: 1138218
Report of the Trustees and
Financial Statements
for the Year Ended 31st December 2023
for
Bible Pattern Church
Towers + Gornall Ltd Chartered Certified Accountants River View
96 High Street Garstang Preston Lancashire PR3 1WZ
Bible Pattern Church
Contents of the Financial Statements for the Year Ended 31st December 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 8 |
| Detailed Statement of Financial Activities | 9 |
Report of the Trustees for the Year Ended 31st December 2023
Bible Pattern Church
The trustees present their report with the financial statements of the charity for the year ended 31st December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
During 2023, we have been holding one service a week on Sunday mornings and also Sunday School for the children. During the spring and summer we held a Prayer Meeting on Wednesday nights.
We have provided pastoral care for Church Members and those who, through illness, have been unable to attend. Also, financial support for those in need in the church and in the locality and have supported various missions as stated above.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
We support financially, through various UK based charities, several orphanages and missions worldwide and also purchase gospel literature for free distribution locally.
FINANCIAL REVIEW
Financial position
Income received is spent on normal running costs for a church and is set out in detail in our annual accounts which follow. During 2023, we made a net profit of £414.
Reserves policy
At the end of 2023 there was approximately £8,686 in our HSBC account for running costs and a further £36,271 in a Building Society account for future repairs/renewals to the church property.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
We are a self-governing church which operates under a Trust Deed dated 30 November 1982.
Recruitment and appointment of new trustees
Trustees are retained as long as they are willing and able to serve in this capacity. If a Trustee wishes to resign from that office, or leaves the church, a new Trustee would be appointed from the regular church membership.
Decision making
Decisions on the day to day running of the church, expenditure of funds and so on is normally overseen by the Leadership Team with the approval of the voting membership of the church at regular church business meetings. Also, the Diaconate and Trustees have met together where necessary to discuss urgent and essential building repairs.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1138218
Principal address
Bible Pattern Church Shaw Road Blackpool Lancashire FY1 6HA
Trustees
Mr A Macleod Mr M Clayton (resigned 30/6/23) Mr T Goodall (resigned 30/6/23) Mr P Stevens Mr A A Omotade (appointed 1/7/23) M Simpson (appointed 1/7/23)
Page 1
Bible Pattern Church
Report of the Trustees for the Year Ended 31st December 2023
REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner Towers + Gornall Ltd Chartered Certified Accountants River View 96 High Street Garstang Preston Lancashire PR3 1WZ Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Mr A Macleod - Trustee
Page 2
Independent Examiner's Report to the Trustees of Bible Pattern Church
Independent examiner's report to the trustees of Bible Pattern Church
I report to the charity trustees on my examination of the accounts of Bible Pattern Church (the Trust) for the year ended 31st December 2023.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all 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 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:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that 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 attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Michael Gornall
Towers + Gornall Ltd Chartered Certified Accountants River View 96 High Street Garstang Preston Lancashire PR3 1WZ
Date: .............................................
Page 3
Bible Pattern Church
Statement of Financial Activities for the Year Ended 31st December 2023
| 2023 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 38,431 Investment income 2 205 Total 38,636 EXPENDITURE ON Other 38,222 NET INCOME 414 RECONCILIATION OF FUNDS Total funds brought forward 48,779 TOTAL FUNDS CARRIED FORWARD 49,193 |
2022 Total funds £ 37,844 18 |
|---|---|
| 37,862 | |
| 33,099 | |
| 4,763 44,016 |
|
| 48,779 |
The notes form part of these financial statements
Page 4
Bible Pattern Church
Balance Sheet 31st December 2023
| 2023 Unrestricted fund Notes £ CURRENT ASSETS Debtors 5 3,751 Cash at bank and in hand 45,442 49,193 NET CURRENT ASSETS 49,193 TOTAL ASSETS LESS CURRENT LIABILITIES 49,193 NET ASSETS 49,193 FUNDS 6 Unrestricted funds 49,193 TOTAL FUNDS 49,193 |
2022 Total funds £ 3,760 45,019 |
|---|---|
| 48,779 | |
| 48,779 | |
| 48,779 | |
| 48,779 | |
| 48,779 | |
| 48,779 |
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Mr A Macleod - Trustee
The notes form part of these financial statements
Page 5
Bible Pattern Church
Notes to the Financial Statements for the Year Ended 31st December 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Deposit account interest | 205 | 18 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st December 2023 nor for the year ended 31st December 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st December 2023 nor for the year ended 31st December 2022.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 37,844 |
| Investment income | 18 |
| Total | 37,862 |
EXPENDITURE ON
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continued...
Bible Pattern Church
Notes to the Financial Statements - continued for the Year Ended 31st December 2023
| 4. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | ||
|---|---|---|---|---|
| Unrestricted | ||||
| fund | ||||
| £ | ||||
| Other | 33,099 | |||
| NET INCOME | 4,763 | |||
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 44,016 | |||
| TOTAL FUNDS CARRIED FORWARD | 48,779 | |||
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2023 | 2022 | |||
| £ | £ | |||
| Prepayments | 3,751 | 3,760 | ||
| 6. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1/1/23 | in funds | 31/12/23 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 48,779 | 414 | 49,193 | |
| TOTAL FUNDS | 48,779 | 414 | 49,193 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 38,636 | (38,222) | 414 | |
| TOTAL FUNDS | 38,636 | (38,222) | 414 | |
| Comparatives for movement in funds | ||||
| Net | ||||
| movement | At | |||
| At 1/1/22 | in funds | 31/12/22 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 44,016 | 4,763 | 48,779 | |
| TOTAL FUNDS | 44,016 | 4,763 | 48,779 |
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continued...
Bible Pattern Church
Notes to the Financial Statements - continued for the Year Ended 31st December 2023
6. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 37,862 | (33,099) | 4,763 |
| TOTAL FUNDS | 37,862 | (33,099) | 4,763 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1/1/22 | in funds | 31/12/23 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 44,016 | 5,177 | 49,193 |
| TOTAL FUNDS | 44,016 | 5,177 | 49,193 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 76,498 | (71,321) | 5,177 |
| TOTAL FUNDS | 76,498 | (71,321) | 5,177 |
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st December 2023.
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Bible Pattern Church
Detailed Statement of Financial Activities for the Year Ended 31st December 2023
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Gifts | 1,001 | 2,899 |
| Donations | 32,146 | 28,337 |
| Gift aid | 5,284 | 6,608 |
| 38,431 | 37,844 | |
| Investment income | ||
| Deposit account interest | 205 | 18 |
| Total incoming resources | 38,636 | 37,862 |
| EXPENDITURE | ||
| Other | ||
| Rent | - | 2,250 |
| Visiting Speakers | 3,440 | 2,530 |
| Missions | 9,955 | 9,761 |
| Sick and Needy | 1,671 | 2,334 |
| Cleaning | 1,915 | 2,246 |
| Sunday School | 283 | 658 |
| Catering | 561 | 685 |
| 17,825 | 20,464 | |
| Support costs | ||
| Management | ||
| Insurance | 3,760 | 3,476 |
| Light and heat | 1,939 | 3,750 |
| Postage and stationery | 263 | 138 |
| Sundries | 861 | 1,363 |
| Repairs & Renewals | 12,502 | 2,847 |
| 19,325 | 11,574 | |
| Finance | ||
| Bank charges | 190 | 179 |
| Governance costs | ||
| Accountancy and legal fees | 882 | 882 |
| Total resources expended | 38,222 | 33,099 |
| Net income | 414 | 4,763 |
This page does not form part of the statutory financial statements
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