2023-03-31-accounts - Watnall Road Baptist Church

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Contents				Page
Trustees'	Annual Report			1 to6
Independent Examiner's		Report	to the
Trustees	Statement of Financial		Activities
Balance	Sheet
				10to 20
Notes to	the Accounts

Incoming resources of			F201,895	(F190,668 in	2021/22)
Resources expended of			6205,489	(F205,797 in	2021/22)
(Net expenditure)/net income			-F3,594	(-615,129 in	2021/22)
Actual gains on defined	benefit pension	scheme	F14,134	(F2,082 gain	in 2021/22)
Net movement in funds			F10,540	(-613,047 in	2021/22)

2021-22	income			2022-23	2022-23	2022-23
actual						Variance
						actual to
				budget	actual	budget
				6	F	F-
163,774	donations		and legacies	153,650	172,339	18,689
7,739	rent received			6,750	8,775	2,025
13,644	engage	gifts		15,000	11,912	-3,088
35	interest			50	110	60
5,476	coffee	shop		10,000	8,758	-1,242
190,668	total income			185,450	201,895	16,445

2021-22	income		2022-23	2022-23	2022-23
actual					Variance
					actual to
			budget	actual	budget
			F	E
127,339	offerings		119,350	118,841	-509
1,365	donations		7,500	2,372	-5,128
28,518	gift aid		26,800	29,432	2,632
6,552	raised for other	causes	0	7,414	7,414
0	legacies		0	14,280	14,280
163,773	total donations	and legacies	153,650	172,339	18,689

Annual R	epo	rt and F	ina	ncial Statements	fo	r the year ended 31 Ma	rch 2023
BMS World Mission							F8,000
BMS Harvest Appeal							F450
BMSSyria and Turkey	Earthquake		Appeal				F1,218
Framework (Christmas	Card)						F830
Grahamstown Baptist	Church (Coffee			Morning)			F927
Open Doors							f750
Welcome Churches							F360
Home for Good							F500
Tear Fund (Quiz Night)							F296
BMS Birthday Scheme	(only includes			giving via the Church		bank account)	F975
Various giving in memory		ofthose	friend who died during		the year		F1,428

Engage Gifts stock at cost	price	F17,200
Engage Gifts cash		F10,837
Restricted funds (amounts	given for specific purposes)	E1,777
Emergency Fund		F40,000
Unallocated		F68,236

							2023		2022
						Unrestricted	Restricted	Total	total
						Funds	Funds	Funds	funds
				notes		E	E	6	f
Income and endowments
donations and legacies						164,313	8,026	172,339	163,774
charitable activities						8,775		8,775	7,739
other trading activities						11,912		11,912	13,644
investment income						111		111	35
coffee shop						8,758		8,758	5,476
Total income						193,869	8,026	201,895	190,668
Expenditure
Expenditure on raising funds:
Costs of other trading activities				9		13,588		13,588	17,917
Expenditure on charitable	activities			10		183,875	8,026	191,901	187,880
Total expenditure						197,463	8,026	205,489	205,797
Net (Expenditure)/Income		and net movement	in funds			(3,594)	0	(3,594)	(15,129)
Transfer between funds						51	(51)
Actuarial Gains/(Losses)	on	Deferred Benefit Pension			19
Scheme						14,134		14,134	2,082
Net Movement in Funds						10p591	(51)	10,540	(13,047)
Reconciliation offunds
Total funds brought forward						399,512	1,828	401,340	414,387
Total funds carried forward					20	410,103	1,777	411,880	401,340

					2023
			notes	6	f
Fixed Assets
Tangible Fixed Assets			15		273,868	284,277
Current assets
Stocks			16	17,200		14,872
Debtors			17	18,004		34,744
Cash at Bank and in	Hand			110,156		90,772
				145,360		140,388
Creditors: amounts	falling due within one year		18	(7,309)		(8,325)
Net Current Assets					138,051	132,063
					411,919	416,340
Provision for Liabilities
Defined benefit pension		liability			(39)	(15,000)
Net Assets					411,880	401,340
Funds ofthe Charity
Unrestricted Funds					410,103	399,512
Restricted Funds					1,777	1,828
Total charity funds			20/21		411,880	401,340

						unrestricted	restricted	total	total
						funds	funds	funds	funds
								2023	2022
								6	f
4	donations	and	legacies
	offerings					118,841		118,841	127,339
	donations					2,372		2,372	1,365
	grants - Ashfield		District		Council covid support
	income tax recovered			on gifts		28,820	611	29,431	28,518
	raised for	other	causes				7,415	7,415	6,552
	legacies					14,280		14,280
	total donations		and legacies			164,313	8,026	172p339	163,774
5	charitable	activities
	rents and	contributions			for use ofpremises	8,775		8,775	7,739
6	other trading activities
	shop income - engage			gifts		11,912		11,912	13,644
7	investment	income
	bank interest receivable								35
8	other income
	coffee shop					8,758		8,758	5,476
9	costs of other trading			activities
	purchases					8,023		8,023	8,461
	stock movement					(2,327)		(2,327)	1,900
	rent					4,420		4,420	4,420
	rates					492		492	368
	utilities					2,500		2,500	2,255
	insurance					480		480	457
	sundry								56
						13,588		13,588	17,917

expenditure on charitable activities
		2023		2022
	unrestricted	restricted	total	total
ministry
wages and salaries	73,712		73,712	76,513
employer's NiC	1,538		1,538	2,324
pension costs	6,895		6,895	7,117
manse upkeep	3,402		3,402	3,437
minister's books and materials	320		320	627
minister's travel	375		375	353
mentoring costs	80		80	255
visiting ministers	680		680	275
ministry sub total	87,002		87,002	90,901
sUpport cos'ts
wages and salaries	2,491		2,491	7,318
pension costs	192		192	341
telephones inc mobiles	1,620		1,620	1,958
printing and stationery	2,577		2p577	2,596
subscriptions	1,927		1,927	2,328
courses and conferences	760		760	237
finance cost (pension deficit)	388		388	153
sundry expenses	299		299	2,179
support costs sub total	10,254		10,254	17,110
total ministry	97,256		97,256	108,011
Itusslon
given to other causes	17,163	8,026	25,189	21,844
feeding families			0	520
children, families and young people	1,599		1,599	1,137
seniors				540
Active Partners				2,789
worship group/AV	28		28	1,094
flowers	146		146
coffee shop	7,553		7,553	4,681
catering	14		14	246
Renew 34	858		858	955
outreach				22
total mission	27,361	8,026	35,387	33,828

		2023		2022
	unrestricted	restricted	total	total
upkeep ofchurch premises
wages and salaries	10,324		10,324	9,907
employer's NIC	56		56	61
pension costs	430		430	494
light heat and water	9,131		9,131	7,441
repairs and maintenance	20,541		20,541	7,769
insurance	3,924		3,924	3,802
cleaning	2p426		2,426	2,241
depreciation —land and buildings	5,867		5,867	5,867
depreciation —equipment	4,542		4,542	5,677
	57,241		57,241	43,259
support cos'ts
wages and salaries	277		277	813
pension costs	21		21	38
telephone	71		71	218
printing and stationery	286		286	288
subscriptions	214		214	259
courses and conferences	84		84	26
finance cost (pension deficit)	43		43	16
sundry expenses	33		33	242
	1,029		1,029	1,900
total upkeep ofchurch premises	58,270		58,270	45,159
governance costs
examiner's fee	988		988	882
Total Expenditure	183,875	8,026	191,901	187,880

							activity	support	support	total
								costs		funds
									E	E
11	Analysis ofexpenditure	on charitable		activities 2022
	ministry						90,901		17,110	108,011
	mission						39,505			39,505
	upkeep of church premises						37,582		1,900	39,482
	governance costs						882			882
							168,870		19,010	187,880
	Analysis ofexpenditure	on charitable		activities 2023
	ministry						87,002		10,254	97,256
	mission						35,387			35,387
	upkeep of church premises						57,241		1,029	58,270
	governance costs						988			988
							180,618		11,283	191,901
12	independent examination		fees
							2023			2022
	fees payable for:						E			E
	independent examination		offinancial	statements			988			882
13	staff costs
	wages and salaries						86,804			94,551
	social security costs						1,595			2,360
	employer contributions	to	pensions				7,538			7,990
	manse costs						3,402			3,437
							99,339			108,338
							No.			No.
	number of ministry staff
	number of administrative		staff
	number ofcaretaker staff
14	Trustee Remuneration	and expenses
	Reverend SJ Robinson was		a trustee ofthe Church and was also employed				as the lead minister.	A salary and		pension
	including manse costs totalling E38,081was paid to him in his capacity as						Lead Minister.
	Miss LJ Buckley was a trustee ofthe Church and was also employed					as Children and Families Worker.
	A salary and pension totalling E19,867			was paid to her in this capacity.
	Mr LO'Kane was a trustee		ofthe Church and was also employed		as	the Youth Worker. A salary		and
	pension totalling E23,389		was paid to	him in this capacity.
	Mrs 0 Pindura was a trustee ofthe Church and was also employed					as Seniors Worker. A salary		and	pension	totalling
	E2,635was paid to her	in this capacity.

Tangible Fixed Assets
	Land and
	buildings	Equipment	Total
cost	E	E	E
at 1April 2022	554,589	50,511	605,100
additions
at 31March 2023	554,589	50,511	605,100
depreciation
at 1April 2022	293,020	27,803	320,823
charge for the year	5,867	4,542	10,409
at 31March 2023	298,887	32,345	331232
carrying amount
at 31March 2023	255,702	18,166	273,868
at 31March 2022	261,569	22,708	284,277

16	Stocks
			2023	2022
			E	E
	stocks for resale		17,200	14,872
17	Debtors		2023	2022
			E	E
	income tax recoverable		15,401	30,706
	other debtors and	prepayments	2,603	4,038
	total debtors		18p004	34,744
18	Creditors: amounts	falling due within one year	2023	2022
				E
	tax and social security		1l332	1,461
	other creditors		5,977	6,864
	total creditors		7,309	8,325

				2023	2022
Comprises
I iability	as at 1April 2022			15,000	20,622
Deficiency contributions		paid		(1,258)	(3,709)
Interest	cost			431	169
Changes	in deficit recovery		plan and in assumptions	(14,134)	(2,082)
Liability	as at 31March	2023		39	15,000

			31.03.23	31.03.22	31.03.21
Accounting Date
Discount Rate			5.70%	0.90%	0.90%
Future Increases	in Minimum	Pension Income	3.30%	2.80%	3.50%

Analysis ofnet assets between	funds
		Unrestricted	Restricted	Total funds
		funds	funds	2023
		E	f	E
Tangible fixed assets		273,868		273,868
Current assets		143,583	1,777	145,360
Creditors less than one year		(7,309)		(7,309)
Provision for liabilities		(39)		(39)
Net assets		410,103	1,777	411,880
Analysis ofnet assets between	funds (continued)
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2022
		E	E	E
Tangible Fixed Assets		284,277		284,277
Current Assets		138,560	1,828	140,388
Creditors Less Than One Year		(8,325)		(8,325)
Provisions for Liabilities		(15,000)		(15,000)
Net Assets		399,512	1,828	401,340