8.H. CHRISTIAN WORKERS. TRUST IA Charitable Company Limitèd by Guarantee) Trustees Report and Financial Stalennts For the Year ended 31 December 2023 Up.audited Ibut Independenuy C-xaminedl Company Nufflbor 7657532 Charity Number 1142493
11.H. CHRISTI.AN WOIiKEKS' TRU.&iT C'harity f*umber 1142493 C'ompanv Iyumber 7657512 1-4 Chdritable Ci)mpAnv LimitL'd bTr Cru#ranteel Report and Financial Statements for the Year Ended 31 Decembtsr 2023 Contents Page.. Officials and Statutory Informats"on Report of the I rLJslees Statement of I r15Stees' Responsibilities In¢ependent Examinei s Report Statement ol Financial Activities Balance Sneel Cash Flows Notes to the Accounts 10 Directors l Tru¥tees'. The Trustees who have actecl throughout the year and to the date of this repgrt are- Appointed: M. J E Puttock Ichairman & Company Secreiaryl Mrs J K L4amp Mr T Ciislin Mr D E. Bawlree Exwofficio: Tlie Reverend Dr. N.J C Tucke¥ Vicar. &shop Hanninglon Church Nominat•d Mrs L R Bubloz 80p Hanninglon Church, PCC Nominee. (Reswnerf ?IsI M£ly ?024) Treasurer.. Mr l J R Croslhwaite Registered offlce: Bishop Hanninglon Church Office. Nevill Avenue. Hove. E SLtssex. 8N3 7NH Company No: 7657532 Charlty No: 1142493 Independent Examinor.. Mr G M Anderson 64 Buckingham Road Shoreham by Sea BN43 SUD Principal Banker5.' CAF Bank Limited. 25 Kings Hill Avenue. West Marling. Kent ME19 4TA.
11.11. CIIIiiS'I'IAN M'ORKERS, TRIIST Cbarih" Number 1142493 Compan) Pumbtr 76575.12 (A Churirable C IimpaJJv Limited bv Ipu8font£t Report of th• Tru$t••s for the Year Ended 31 DecerTrber 2023 The Trustees (who are also the Company directors) present their anntsal report together wilh the financial stalernents for the year ended 31 December 2023. Structure. Governance and Management The Company Is a Ghaiilable company limited by guarantee registered in England & Wales. The Lompany Is the successor body to the onginal chanry lounded in February 1988 and commenced its activsties Dn 1 January 2Q12 11 is registered with the Charity Cofftmiss10n for England and Wales. The number of Trustees shall be not less than three and not more than eight Trustees are appointed lor period ol five years and ale eligible lor Ic-appointment The Gurienl Trusfees are due to retire as follows Dan Ba%treo on 3 November 2026. Jane Champ on 31 May 2027. John Puttock on 31 May 2028 and Trevor Crislin on 16 June 2029 The Trustees shall consist ol ai a persrjn nominated by the Paiochial Church Council ol Bishop Hanninglon Memorial Church Hove. I"BH-l. (previously Luella Bub1021. bl a person nominated by the Cburchwardens of the Pansh of BH. l+he Churchwardens have chosen no+ to nominate a person al this Iimel. cl the Vicar. Priest in charge or the incurTbbÈnl ol any new benefice wttich includes the whole or part of the present benefico INick 14tckerl and dl personlsl norninated by an exsling meinber All Trustees musl be on the electoral roll of RH and subscribe lo the Siatement of Faith In the schedule of the Memorandum 2nd ArDcles of A5$0ciation. The Campany Is limited by guarar)tee and herKe no shares have been issued. Each Trustee Is also a memtr ot thè CDmpany and there are no olhei membp.rs In the event of the Company being v40und up or otherwise dissolved, the Ii¢ibility ol the members by way of guaraniee 1s limited under Clauses 6 and 7 ol the Memorandum ol Associath'on lo an amount not exceeding £1 each. The Chairrnan and Ilie Treasurer handle the day-l¢>day administrat.,on ol the Company The Trustees rnel three times diiring Ihp. yèar to review the Company s acliviliLis. fir,ancial statements and issues relaling lo the employee Management Accounts drLi circulale(J lo the Trustees nK)nthly and other reports are circulated 10 the Truslccs ds necessary beeen meebngs Object5 and Prtnclpal Activities for thè Public Benefrt The objects of the Company, which are Set out In the Articles ol Association, are the advancemènt ol the Chnslian lailh by the raising of funds for the employment of Christian workers primarily wilhin the Parish of BH A small number of the gifts lo Ihe Company are provHJed by the members ol BH bul most ol sts Income now arises from Ils properties An agreed proportion ot this Income is transferred lo BH specifically lo assist with the funding of its employmEbnt c£>sls. The Company owns three properties. 40 Meadway Crescep.t Is let at below market rent and subject to cp.rtain special rerrY)s as agrpp.tt ai Ihe IllVlE uf IitiTisfvi lo the Company bu,. nevcrth¢le33 provides 8 vcry wo1¢omo source of Inwme 86 Elm Drive is used lor the advanccrnent ol the ChflStian Religion by providing premises for Books Alive. a Christian Bookshop and 41 Nevill Avenue provides accommodation for one of the ordaincd minislers of BH and his family The Trustee5 have referied lo the Charity Commission's genernl guid3nce on public benefrt wtten reviewing the Company's aims and objectives and In planning Its luture adivities rhe charitable activ.lies auring Ihe year have been similar to those In prior ycars and primarity relate to the assistance provided lo the slalf of BH and Its sister churches In support,'ng the minislry. admini51rabon and other bUPPOrt %ervice5 That will CDnbnue lor the SO remaining employee. but the Company will shll raise funds to assist funding ol the continuing employment ol the staff employpd by the PCC The a¢lNilies ol BH and ils Paiish, a5 Part ol the Church ol England, are available lo all those ol whaEevei background who wish to attend and participate in ils services and activities. Achievements and Perfornlance for the Publlc Benefit Poll¢y on Reserves and powe of Investment Although ihe Memorandum and Articles ot Assocrab"on gNe the Trustees unrestricled powers of Investment. no such Investments are curtently held As alreay indicated above Ihe Trustees have exercised their powers to own property, both to house Chri51ian workers and to provide Income to the Cornpany.
B.H. C.'HRI%TIAN II'OIU(ERS I'RL'ST C.harih. Nvmher 114249.1 c.'fjMpan Number 76"57_5.32 IA C'liaritahle CITrfflpdiii Lijnited b% Luarallleel Report of the Trustèes for the Year Ended 31 December 2023 Icontinuedl Financial Review As advised last year. the Company's activrtie5 changed qurte draatiCallY effects.ve from 1 sl October 2022. when all but one of its staff were "TUPE'd" acros5 to BH to LEC0C direclly employed by the PCC T he Company's regular donofs were asked to switch their giving lo the new PCC account especially opened to collect the Income uedicaled lor the employment costs Consequently. the Company's Income and expenditure this year Is much reduced whK.h mpans Ihal compansons are not very ffleaninglul However. Ihe Company's lolal Jncome during 2023 was £104.843 1£212.144 In 20221 That is £107.301 down on last year which Is 3 combigalion of a reducbon in giving and associated git aid (which were primarily switched lo the new PCC account) and staff ',unding costs paid by Holy Cross now also being paid lo the PCC. Gift-aid enabled the Company lo iecL3im £2,7531£10.219 In 2022). fhis Is subslanlially down on last year and will be further reduced n 2024 as very little Income is now received by the Company which Is eligible. We were blessed th15 year to discover that the Company would receive a legacy of £10,000 which was actually received in early 2024 when a prooety sale eomp'.eted We are so gralefvl for such generosity. Under our accounting policy th15 has been treated as income in 2023 and appears as a deblof. Undei the term5 01 a memorandum ol understanding beeen the Company and the PCC I'lhe Mou'l any Continuing donations and legxies arè to be Ifansfcrred to the PCC lo ass$4 W1b funding the staff ernploymenl costs. As this onward payment Is a constructive obligation it has been recorijed as a creditor In these accounts The annual rental income trom thp three properties total'ed £42.79212022 F42,0501 The rent paid by Books Alive was feviewed towards the end of 2019 su¢h thai effective from January 2Q20 It Increased by £250pa for this five-year term The Company received £13.OOOpd Iri 2023 Increasing to £13,250pa from 1st January 2024. A formal extension to Ihat lease Is due by ihe end 012024 which will be supported by an exleindl r>roles510nal valuation ol that property. The Company incfeased the rent on 47 Nevill Avpnue by ? 5,1. Irom January 2023 and the same lllciease Is agreed 101 2024. The iefil P<)yabk on 40 Meaoway continues al £9,600pa Total expenditure at £89.686 1£283,681 in 20221 was down £193.995. Obviously, Ihe sabry and accommodation costs decli.?ed Ih15 year with the reduction In :he number ol employees. The bulk ol th15 year's expenditure reiaie5 lo the Ifansler ol an agieed proportion ol Ihe rents and other Income to the PCC (under Ihe MOUI specifically to assist with tho ftjnding ol the employment costs taken on by the PCC. The Cornpany made d surplus of £15. 157 Ideficit 01 £71.537 In 2022) this year. the bulk ol which the Company will rp.t.Iin as rescrvos The unrestri¢led nel current assets at the year-end stand at £26, 172 (£11 01 S in ?O??l Thc Trustees are forecasting a break.even situation gDin9 forward because Ilie one remaining employèè is fully funded by Goldstone church and the Company Is In receipt ot rental Income of £3.629 per month currently Risk Managèm•nt The following have been Identified by the Trustees as polentsal risks to the Company. The reserves ale insulficient to meet repaii costs to the propeities owned by the Company In the event ol these circumstance5 1.*e Trustees woJld Ini:ially temporanly cease to make qranls to the PCC. followed by a review ol the possibility of tne PCC making an additional grant to the Company, or finding other extern81 lunding such as launching an appeal. A majoi fire. or oltrier serious damage. to one of the propertres owne¢J by the Company. The properties owr.ed by the Company are lully Insured Lack ol compliance with HMRC. Charity Commjssion and Companies House regulab.ons Legal advice and our Indèpendent examiners along w',th appropnate seminars for Trustees seek lo ensure full Complian. An employcc Ipast or presenti ta"ng the Company to a tnbunal in relatKin to a dispute. The Company seeks to follow goxl employment pra¢b-es and lo de31 wilh any i55ue a prompt and appropriaie manner The Trustees receive a monthly ccpy of the managenEnt acceunts and a ful., financial repot at every Meeting. The Company's accounts and records are scrutinised by the Independent Examiner annually
B.H. C.IIRtSTIAN W()RKERS fRIIST C."harih. Number lJ42493 CompanTr ]Yumber 7657532 {A Cbjarjb]e Cvmpanv Liwited by C•Udfdniee) Reserves Policy The Trustees have consNJered the Ve1 of reserves that It would be prudent lo mainiain against potential loss of income and consider thal £20,000 would be a prudent amuiil lo be provided from the balance of the Unresiricted Fund plus a further £1,000 eacli year lo cover additiorial maintenance requirements lo the property al 47. Nevill Avenue every lour years. next due In 2024. Future Plants The Company will continue to support the salaries of the staff now empk)yed by the PCC primarily from 115 rent31 Income and any other Income that IS reIVed by the Company. As previously advtsed ono employee has remained with Ihc Company and wi11 continue lo be funded by Goldstono church All staff, however employed. will continue to work in associatw)n with BH and rts sister Churthes and seek to advance the ChTlStian faith. Concluslon The Trustees would like to express their appreciation to all who have so generously supported the work ol the Company by Ihair prayers and gift5. over many yed15. and lo all the employees, past and present for their unstinting work in furthering the Cofflpany's objective of advar,cing the Christian faith rhis report has en prepared in accordance with Ihe provisions applicable lo companies subject to the small companies regime. Order of tho Board J E Puttock Director Dale. I l Juty 2024
B.RI. CHKi%TIAN' II'ORKI:RS' TRIIST Chariti. Number 114249.1 Ciimpxny Number 76ty7i_12 A C'liJrilablt Cumpaiil. Limiled bi. Guaraniee) statement of TrustèÈs' Responstbilities for the Yeat Ended 31 December 2023 The Trustees are rgspnnsible for pfeparing the annual retort ana ihe financial slalements of the Company in accoidance with the Cornpanies Act 2006 and for Ing saiisfipd that the financial slalemenls give a true and lair view. The Trustee5 are also responsible fDr preparing the figancial statements in accordan with United Kinqdom Accounting Standards Iunited Kingdom Generally ACpted Accounting Practicel_ Company law requires the Trustees Iwho are also Directors of the Company) tc) prepare financial statements for each Iinancial year that give a Irbe and fair view of the slate of affairs of the Cornr)any and of the Income and expenditure ol the Company for thal year. In prep3nng these Iinancial slalernents. ihe Trustees are required" To select suitable accounting policies and then apply them consistenlly, To make iudgements and estimates Ihat are reasoii¢ible and Wlbdeni, and To prepare tle financial sla+erp.enls on a going concern basis, unless il Is inappropriate lo presumè Ihal the Cornpany will continue Ir, busine55 The Trustees are responsible lor keeping aclequalc accounlin9 records ihat show and explain the Cornpany's Iransaclions. disclose with ieasonallp accuracy 31 any time the Iinancial posilioii ul the Cornpany ar.d enable them lo ensure Ihal the financial statements comply wilh the Companies Act ?006 T hey are altsg responsible lor safeguarding the assets ol the Company and hence lor taking reasonable steps for Ihe prevention and deleclion of fraud aftd other Irregujarilies.
B.H. CIIRISTI.4N WORKLRS fRiIST Charih, Number 114?493 Compani, INumber 76575.32 (.1 (-Ikdritable Ciitllpdtt) Limited b). Guarantcel Independent Examinerf$ Report to the M•mbers ol B.H. Christian Workers. Trust I report on the accounts of the Trust for the year ended 31 December 2023. Respective responsibilities of Trustees and Examiner The Charity's Trustees Iwho are also Ch"rectots of the Company for the purposes ol Company Lawl are resFK)nsible for Ihe preparation ol the accounts The Charity's Trustees consider that an audit 15 nol required for this year under secbon 144 121 ol the Charities Act 2011. {' the 2011 Act") and that an Indppéndenl examination Is needed. Having satisfied myself that the Charity Is not subject to audit under Cornpany Law and 15 eligible lor Independent examination. It Is ry iesponsibility". lo ex¢imine the aoUnts under section 145 of the 2011 Acl". lo follow the. procedures laid down In the General DirÈtbons given by the Charty C0mIssIonerS lunder section 14515llbl of the 2011 Acll and io state wneiner panicuiar Inaiters nave w.'rie lo ffly attenlipn. My report Is made solely lo you as Trustees pursudnl lo the 2011 Ad My examin3110n has been undertaken so that I might state lo the Trijslees those matters l am required to state in this iepDrt and for no other purpose To the fullest extènt permitted by law, I do not accLpl or assume responsibility io anyone other than the Trustee5 fc)r ry examination. lor my rewrt.. or for the statement I have made Basis of Independent Examiner'8 Report My examinatiuii was carried oijl in accordance with General Directions givcn by Ihe Charity Commission. Ai examination Includes a review of the accounling rccords kept by the Charity and a comparison ol the accounts presented with those rocords 11 also includes consM1erat¢on of any unusual Items or di$2losures in the a¢nIS dnd seeking explanations from the Trustees coneeming any such matters The procedures undertaken do noi provide all rhe evidence that would be reqUId In an audit. and consequently I do nul express an audit opini¢)n on the view given by Ihe xcounts. Indepfjndent Examiners Statem•nt In conneclion wilh my exarninalion. no matter ha5 come to my altenlion. which gives me reasonab* cause lo believe thai. in any matenal respect, the requirements.. to keep accour.ting records in accordanco with section8 386 01 the Companies Art 2006, and to piepare accounts whrh accord wth the accounting records and cgmply wilh the accounting requjrements ol section 396 01 the CoMpanS Act 20[ and with Ihe methods an¢J princlple5 of the Statement ot Recommended Practice. Accounting and Rep)rting by Chaalies, have not been mel. or Ibl 121 to which. in my opinion, attention should be drawn in order to enable a proper understand1ng ol the accounts lo be leached 2024 Mr Andeison kingham Road Shoreham by Sea BN43 SUD
B.Il. CiiRt%'riAN W'I)RKb:RS' TRUST Charith. ,Yumher 114241).3 C.'omphnJ' Numbcr 76i7i.32 (A Charirahle ( 1panY ljimrted b)" CvuarsTrte¢l Statement of Financial A¢tivitre5 for the Year Ended 31 Decernber 2023 Note Unrestirled Restricted Endgwmenl Funds Funds Funds Total 2023 Total 2022 Income & Endowments Donal.,ons and legacies Rental Income Interest income Total Income & Endowments 20.189 42.792 41.0'.8 61,207 42,792 169,232 42 050 862 63.825 41.018 104.843 212,144 Ex endilure on Charitable Activities Staff Costs Property expenses Transfers to PCC CW Fund Traininglsun(lry expenses Total Expendituro 41.018 41.018 1.267 182,261 10.346 1.267 47 008 393 48,668 47,008 393 89.686 89,755 1.319 283.681 41.018 Net Income before oth reco nlsèd ains and losses 15.151 15,157 171,5371 Gain51Losses on ev Assets Nei Movemenl in Funds 15,157 Funds brought lornvard 11,015 1.465 000 1,476,015 1,547.552 Total Funds Carrie 1.465000 1491172 1 476 015 All amounts relate lo conli.?uing aclivib"es. Any differences of £1 Telate to roundings. All gains or losses recognised in the year are Included in the Slatemenl of FinarKial Activities. The notes on pages 10 to 14 form part of these financHI statements.
B.H. C.FIRISTL4Tr4 WORKF.RS' TRUST Charih, Nuniber 1142493 Compgnl .Yumber 7657532 (A C'haritahle C'ompHnv Limited b). Gu¥ranlee) Balance Sheet at 31 Decomber 2023 Note 2023 2022 Fixed Assets Inveslrment Properties Totsl Fixod Assets Current Assets Debtors Cash al Bank Totsl Current Assets 1,46S.000 1,46S 000 1.465,000 1.465,000 10.000 443 37.135 15,559 Creditors falling due within one year Net Currènt Assets Totsl Assets less Curtenl Liabiiilies 10 10,964 26.171 1,491,171 4.544 11,015 1,476,015 resen Expendable Endowment Funds General Fund5 12 12 12 1,465.000 26,171 1,465,000 11.015 Restrted Fvnds Tolal Funds 1491,171 1476.015 For thp year ended 31 Decembef 2023 Ihe Gompany was eniilled lo exempiion from audit under section 477 ol the Companies Act 2006 relating to small companEs. The Members have noi required the Company lo obtsin an audit ol ils financtal statements for ihe year in question in accordance with section 476 The Trustees acknowled9e their responsibilit9 for CorrlYIng wilh the requirements of the Companies Act 2006 with respect to accountsng records and Ihe preparation ol financial slalements The financial statements have been prepared in accordance with the provissons applicable to cornpanles subject lu the small CompanS. regir. These financial statements wefe approved by the Board and authorised lor issue on 51tt July 2024. SIGNED.... {Oireciorl JOHN PUTTOCK SIGNED feasureTI IAN CROSTHWAITE
B.H. C.'HlilS'fl,IN MORKERS'"I'RIIST I'harits Number 114249.3 C utnpany Number 76$7i_12 IA Clidrildble CompAD) Limited hv fTuafdllteel ststement of Cash Flow5 for the year ending 31 Dècember 2023 Totsl Funds 2023 Total Funds 2022 Cash flows frorn operating aclivitiès-. Net cash provided byl lused inl operating aclivib'e5 30,349 111,831 Cash flows Irom invèsting activities: Interest Incoriie Rental income Investment proporty expenses Purchase ol PfOPQrty plant and equiprr.ent Proceeds from sale of inveslmenls Purchase ol Investments Net Ubli piovided byl lused inl investing aclivils Cash flows from financing activities.. Repayments ul borrowing Cash Inflows trom new t)orrowing Receipt of endowmenl Net cash provided byl (used inl financing aclivilies 862 42,050 11.7961 42,792 11,2571 42,369 41.116 Change in cash and ¢a$h equivalents in the reportlng riod Cash and cash equiva.'enlts al the begirn ng ol IhL rL'POrting poricd Total cash and cash equivalènts at the end of th yeai 12.020 15,116 170,7151 85,831 15,116 Any differences of £1 relate to roundings Reconciliation of net incomellexpenditurel to net cash flow from operating acts¥itie$ Tolal Funds 2023 Total Funds 2022 Net incomellexpenditurel for the reporting period {a5 pei Ihg statement of finan¢ial activities) Adjusiments for Depreciation charges Property Expenses In Investing Aclivrties Interest Inco1]e Shown In Investing Act.vities Renlai Income Shown in Investing Acliv51ies Lossllprofitl on the sale of fixed assets Ilncreaselldecrease In stocks Ilncreasclldecrease In debtors Increasèlldecieasel In creditors 15,157 171.537} 1267 18441 142 7921 1,796 18621 142.0501 {9.5571 6,42D 651 171 Nèl cash provlded byl (used inl operating actlvlties 30,349) 111 831
11.11. CHRISTI.IN M'OIiKF.RS' TRLlS'r C.h2ritTr .Number 1142493 Compan} N"umbLr 76712 A Lllmriidbli Cumpdll). Liuiited bTr (Tudrantee) Notes to the Accounts for th¢ Year Ended 31 December 2023 Nole 1 AcGounti Policies The principal accounping policies adopted. iudgemen:s and key sources of eslimalion uncertainty in thè prepafalion ol these financial statements are as follows". al Basls of pr¢paration' These financial statements have been prepared on the going COn1n basis in accordance with the FinAn¢i31 Reporting Standard applicab'e In Ihe UK and Reptjblic of Ireland leffeclive January ?0151 I'FRS 102,1 and the Companios Act 2006 Thal basis 18 justified by the year end net current assets Df £26.171 and an annual rental stream frorn three diffent propertie5 of £43.550 as from January 2024 Assets and liabilities are Initially recognised al hisloric¢il Gosl or Iransacbon value unless otherwise statcd In the relevant aCCDunting policy nolel51 bl Fund accounting- Funds held by the Company are eilher".- UnrestTlCted funds General lunds whh can be used lot ordinary purposes, or Restricled Funds bÈ1ng prttr.er lal Income from trusts or endowments which may be èxpended only on those restricted obiects providL,d In the lerms ol ihe trust or bequest., or Ibl donations or grants recoived lor a specific object Any balance remaining unspent al the end of the year Is carried forward as a balance on that restricted fund, or Expendable Endnwment funds These lunds represent properttes which the Company has the right to retain Income arising Irom these Investments may be used a% unrestricted lunds. cl Income recognition policies Items of income are recogniyed and include(l in the accfjunts when all ol the lollowing ¢riteria are met,'- Ihe Company becomes entilled 10 the funds". any perft)ImariLe condi*ions attachèd to the itemlsl ol Income have been mel or are hjlly wilhin the conlrel of Ihe C,ompany', there '.s sufficient certainty ihat receipl ol the income Is considered prOtsab, and the amount can be measured reliably For legacie5. entitlement is tsken as the ear5ier of" the date on which the Company Is aware thal probaiè has been granted., the estate has been finalised and notifliOn has beèn made by the executorl51 to the Company that a distribution will be made. or when a distribution is receivgd from the estate. Receipt of a lègacy. in whok or in part. only considered probab when the amount can be measured rèliably and the Company has been not,fied Df ihe executor s Inlenlion to rnake a distribulion Where legaciès have been notified to the Company and the above cnteria have not been met. then the legacy Is treated as a coilingent asset and only disdosed if material dl Interest receivable Interest on fund5 held on deposrt is included when paid by the bank
11.H. C'.HKISTI.ANL WORKERS, TRUST ChiiritTr Number 114249.1 l. ompani" Umber 76$7.$32 IA C'haril#hlc Cunrpan) l.ifflil¢d bi" Cvuafdlllvel Notes to the Accounts for the Year Ended 31 Dècèmber 2023 (continued) Not• 1 Accountin Policies continued el Gift Aid Income frorn tax reclaims Is included al the same bme as the gtft to which il relate5. n Expenditure Expenditure Is rewnised as soon as the is a legal or constructNe obligation committing the Company to make a payment gl Assets The Investment pfopèrties are lor use by the Company. Tle three propertses are held as mixed motive invpslmenls to further the work ol rhe Company and to produce a fiscal return They are stsled al valuat 5ubiecl lo annual review8 Nol• 2 Volunta Income Unrestrted Funds 2023 2022 Rcted Funds 2023 2022 Total 2023 Total 2022 RegLJlar giving Donations Leqacy From churches in the parish IncDme Tax recoverab 6.021 1.415 10.000 51 763 2.920 6,021 1,415 10,000 41.018 2.753 61,207 51,7S3 2,920 41.016 1Q4,270 1042TO 10.279 169,232 2, 753 10,189 10.279 64 962 41.018 104.270 The agg-,egale value ol giving by t.he Tiuslees was £NIL12022-£3,0891 plus gift aid of £NIL12022-£7721 Note 3 Rental In¢ome Unreslricled Funds 2023 2022 Restricted Funds 2023 2022 Total 2023 Total 2022 47 Nevill AvenLJe 86 Elffl Drive 40 Meadway Total 20.192 19.700 13,000 12.750 9600 9600 42.792 42 050 20,192 13,000 19.700 12.750 9.600 Costs Unreslricted Funds 2023 2022 Restricted Funds 2023 2ts22 Total 2023 Tofal ?022 Gross wages National Insuran¢e costs Pension costs Death In service insula Total 75.037 4.346 5.181 34.368 3.487 2.406 757 41.018 86,115 4.695 5.784 34,368 3,487 2.406 7S7 41,018 161,212 9,041 10.965 1,043 182,261 84.747 97.514 Staff are only err.ployed for the charitabje activrties of Ihe Company. No costs are incurred relating to fundraising. adrninistralion or governance At the year*nd the Company had one full time errp0Yee. There were nD employees with remuneration Itncluding benefits) grealei than £60.000 per annum. The average nurllber DI employees ip 2023 was 1 12022-81
B.H. C.IIRISTIAN W()RKLRS' TRUST Charih fumb¢r 1142493 Compani Number 765712 (, C'.h#iitable C.i)mp¥n J LiwiieLI b) (vuara#tee) Notgs to the A¢¢ounts for thè Yèar Ended 31 December 2023 {continuedl ntinu The Company Is fulty compliant with the wcrkpla¢e pensK)n ruses ar)d regulations All employees receive an ernploypi's pension conliibulion of ol their gloss Income ftTrnding Ihe Company's workplace scheme provided by NEST (the Natv)nal Employment Sav,ngs Twsll. Currently Ihefe ale no compulsory employ conlributions Unrestncted Fuids 2023 2022 Reslricted Funds 2023 2022 Total 2023 Total 2022 Ront 017 Church Court Repairslrefvrbishment to 47 Nevi41 Averiue Rppairslrefurbishrnent to 40 Meadway Crescent Total 8550 8.550 655 1.323 655 1,323 612 473 10.346 612 473 10.346 Unrestncted Funds 2023 2022 Restricleo Funds 2023 2022 Total 2023 Total 2022 Professional Indemnity insurance premiLJrn Advertising lor stall Bank Chaiges Sundry Total 291 291 680 578 81 578 81 60 42 393 42 393 Fees in respect ol the Independent Examination this ycar ar8 £nil12022 £nill a5 the examination was again provided pro bono. Investment Properties 202J 2022 Al 1 Janltrary Disposals Additions Revaluations Al 31 December 1465.000 1,40J,IXIO 1,778.JOO 28S.500 1465.OQlO 1,465.000 1,46S,000 2023 2022 86 Elm Dnve Hove at valuation 47 Nevill Avenue Hove dt valuation 40 Meadway Crescent Hove al valuation 220.000 220.000 720,000 720.000 52S 000 525 000 1 465 000 1 465 000 Following the incfea5e in values of ihe tr440 restdenb.al propertEs in 2021 the Tfustees. after ieviewing market trends and information available on comparable pioperties. agre1 thal the valuations shguld again remain unchanged. 86 Elm Drive was professional'.y alued In July 2019 at £220,000 by Sussex Surveyors LLP and Ihe Trustees agreed lo keep this value unchanged Ivith a view to having rt reasse55ed in 2024 in line with the lease renewal. 12
11.H. CHRISTIAN WORKF.RS' TRUST C'haril). Yumber lJ4249_1 Cvmpan). Number 7657$32 1.1 C'h41riiable Cumpgn!" l.imited bi" Ciuaranleel Notes to thè Accounts lor the Year Ended 31 December 2023 Icont•nued} Notè 8 Debtors The Oebtor balance of £10.000 12022-£443} relates to a notified legacy due to the Company upon completion of a pioperty sale This legacy was ieceived 0.1 3 January 2024 Notg 9 Cash at 8ank The day-to-day cash balances are held at CAF Bank Ltd. The Company also has an instant access account with a balan of £25.00012022 £10 0001 with Aldermoie Bank PLC. All of these funds are lully covered by the Financial Services CompensalK)n Schcn Not• 10 Creditors. 2023 2022 Statutory deductions due to HMRC from the Dernber payroll MIsp051 December Donations lo be IranslerTed to the PCC CW Fund Legacy lo be transferred to the PCC CW Fund Tolal 964 903 300 3.341 10,964 4.373 ativ UnreSIrIed Funds Resificted Fun¢Ys Endowment Fijnds Total 2022 Income & Endowments Doncilions ¢ind legacies Rental Income Interest Income Total Income & Endowment$ 64.962 42.050 862 107.874 104.270 169.232 42,050 862 212,144 104.270 Ex enditur8 on Charitable Activilies Staff Costs Property expenses Transfors lo PCC CW Fund Traininglsundry expenses Total Expènditure 84,747 10,346 97.514 182.261 10,346 82.999 1.319 179411 6,756 89.75S 1,319 283,681 104.270 Nel Income before othor nised ains and losses 6.092 6,092 GainslLosses on Revaluation o Fixcd Assets Net Movem&nt in Funds 77.53 171.537 Funds brought forward 82.552 1.4SS.000 1,547,552 Total Funds Carried Forward 11.015 1 465 000 1476 015 13
B.H. C"FIRISTI,IN M'()RKERS fRLIST Charits. Number J 1424Y.I CompanTr iNumbeT 76574.12 IA C'hyriiable CumpaDv Linjiic'd bv Cudfdnl¥e) Notes to the Accounts lor the Yèar Ended 31 Dècember 2023 continued Not isof Type Fixed Assots N•t Current Assets Total 2023 Expendable Endowment Revaluation Reserve Restricted Unreslricted Total 952.000 513.000 9S2,000 513,000 28 171 26,171 1.465.000 1.491.171 Expendable Endowment Funds reprcsenl the valuation of the tsvo properties which thp Company received frorn the previous unincorporated trust in 2012 1£552.0001 plus the new prapety donated lo the Company In 20201£400.0001. The Revaluation Reserve Is the Increase in the value ol the properties since being owned by Ihe Company The Company has Ihe unresth'cled nght lo relain these propert and the Income arising trom them may be used as unlestrled funds. Reslricled funds are received from FIH'S sister church. Ggldstone. lo cover the employment costs ot any ministers an(J staff who work ai that chvrch bul are employed by the Company Oee8sionally donations from other sources are received specifically to covèr designated expenditure All restncled funds receiveol during Ihe year were UtlSed In (x)mpliance wilh their purposes. Note 13 Rlat•d Pa Tr•nsaetlons Name Don Bawtree 2023 Role Dcn Rent paid lo a related party for staff accommodation. PaywEnls from BH lowafds staff costs Payments from DH towards staff costs PayrTnts from 8H towards staff ¢osls Payffenls from BH towards staff costs Payments to BH towards staff cos15 Payments to BH towards stsft costs Payments to BH towards slaff cosls Payments lo BH towards staff costs Renls Rent5 Rents £ 8,550 Trustee Don Bare8 £39,591 PCC Member John Puttock £39.591 PCC Member Trevor Cristin £39.591 PCC Member Phil Moon £ 4,448 Incumbent on Bawtree £37.008 £89,964 PCC Member John Puttuck £37.008 £89 964 PCC Member Trevor Cristin £37,8 t89,964 PCC Member Nick Tucker £37.008 £89.964 Incurnb&nt John Puttock Phil Moc)n Nirk Tucker £13.000 E12.750 £ 2.125 £ 3.188 Tru51ee of Book5 Alive Trustee of Books Alive Trustee ol Books Alive b Books Alivp Books Alive Books Alive aid aid £13,QOO The TTUStees neithei rÈcewed nor waived any emolumenfs dunng the year12022-£NIll