Aylesbury Vale Community Church Accounts- 31 March 2024 Company No. 07837346 Aylesbury Vale Community Church {A company limited by guarantee and not having a share capital) Accounts~ 31 March 2024 Index I-S. Report of the Directors 6. Independent Examiner's Report to the Directors 7. Statement of Financial Activities (incorporating Income and Expenditure summary) 8. Balance Sheet 9-17. Notes to the Accounts
Aylesbury Vale Community Church Accounts- 31 March 2024 Company No. 07837346 Report of the Directors (Trustees) and General Information for the period IAprll 2023 to 31 March 2024 Directors: A Woodhouse (appointed 7 November 2011) I Peters (appointed 7 November 20111 M Hemming lappointed 13 January 2012) M Oliver lappointed 3July 20131 5 Dube (appointed 28 July 2014) Registered Office: Communtty Church Centre, St Marks Road, Aylesbury, Buckinghamshire, HP218RH The directors present their report and financial statements forthe year ended 31 March 2024. The financial statements have been prepared in accordance wtth the accou nting policies set out in note I to the financial statements and comply with the charity's governing document. the Charities Act 2011 and "Accounting and Reporting by charities: Statement of Recommended Practice applicable to charities preparing their accou nts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFR5102} (effective l January 2019)" Ob"ectives and Activities Purposes of the Charity as Set Out in Our Governing Document Operating within its Memorandum and Article5 of Association the companf s chief objects are: The advancement of the Christian faith and the worship of God in the Unlted Kingdom and overseas by any means whatsoever including (but not by way of limitation) the preaching and proclarnation of the Christian Gospel and the teaching of Christian Doctrine and principles ancl the pastoral care of Christian people and the printing and distribution of the Bible and Christian literature including video and audio recording or tapes and by any other media which is or may become available. The relief of persons who are in condition5 of need, hardship or di5tre5s, or who are aged or sick. The advancement of education on the basis of Christian principles and without prejudice to the generality of the foregoing the provision of such education in any educational establishment and if the Trustees so decide the provision of one or more charitable educational establishment for the general education of children or adults on the basi5 of such Christian principles. Main Activities Undertaken in Relation to Those Purposes and for the Public Beneflt The principal activities du ring the year were the running of the church, Sunday schoo15, youth groups and tots group. Achievements and Performance In planning the activities of the charlty the directors have considered the Charity Commission'5 guidance on public benefit.
Aylesbury Vale Community Church Accounts- 31 March 2024 Company No. 07837346 Report of the Directors {Trustees) and General Information {continued) for the period l April 2023 to 31 March 2024 Aylesbury Vale Community Church exists to see individuals and whole families experience a life changing encounter with Jesus Christ, as a result of which the Kingdom of God is gradually established and society transformed for the better. The directors have identified the following activities as fulfilling the charity's primary objective a nd contributlng to the public benefit: Regular Sunday morning and evening meetings The Gap, a youth club for 11-18 year olds Rainbow Totz, a carers and tots group CAP Money, a money management course designed to help people get in control of their personal finances During 2012113, the church purchased an existing church building in order to secure a long-term home in Aylesbury as a base to be able to serve the community more effectively. Much effort arnd finance has been put into renovation of the building, which enabled the church to move completely to the site, and away from rented facilities, in June 2013. The long-term borrowing is secured against the church property. Financial Review Financial Position at Year End The financial position of the charity has improved throughout the year. Over the course of the year there has been a Significant increase in the tota I funds available to the charity. The total f eseNes held at the end ol the year were £420,230 {unrestrictedl, £17,604 Idesignatedl and £63,498 Irestrictedl. The longer-term financial p051tion will continue to improve as the charity continues to pay-off the mortgage secured against the main church premises. Reserves What Reserves Are Held For The reserve5 held by the charity are for a number of important reasons- The risk of unforeseen emergency or other unexpected need for funds A source of income, if for example, donations are lower than anticipated during the year To meet planned commitments that cannot be met by future income alone e.g. planned building work, pensions. How Much is Needed in Reserves The charity has Set the following target levels for each reserve: Unrestricted Funds £20,000. This represents approximately two months, worth of expenditure. This would allow the charity to continue in the short term should all funding sou rces cease. It 15 however acknowledged that this risk is highly unlikely and it is entirely reasonable to hold a balance lowerthan the target. Fund for Mission Work- zero. Thi5 activity is currently funded from income received during the year, 50 no balances are required to be retained in reseNes. Fund to Provide a Pension to A Woodhou5e - £17,604. The original target set by the Trustees when the fund was first starte(J was £40,000. Although described a5 a pension fund, it may alternatively be used to pay for the continued use of the service provided by A Woodhouse
Aylesbury Vale Community Church Account5-31 March 2024 Company No. 07837346 should the need arise. This amount has since been revisited due to a change in personal circumstances with the new target being £17,604, which has been met. Building Fund- £50,000. This Is the amount required to extend the back hall and reconfigure the main entrance to improve acce55. This target has now been exceeded. The target has decreased by approximately £13,000 since last year due to expenditure in preparation for building works dtjring 2024-25. After each project is complete a new target will be set for future planned building work. Other balances will be required on an ad-hoc basis e.g. to record the balance of any restricted grant5 or designated activities. How Do Year Eftd Funds Com areto OurTar et Level of Reserves The following details the level of each fund against the target and action being taken to address any signif icant variances. Where the target Is zero no fu rther detail has been provided: Unrestricted Funds. Although the current balance at the end of the year was circa £420,000 only approximately £103,000 of this was available as Current Assets. This is now comfortably above the target level for this fund. The vast majority of the charity's unrestricted assets are in land and building5. Fund to Provide a Pension to A Woodhouse-this reserve has achieved its target level Building Fu nd - this reserve is now above the target for this year. Structure Governance and Mana Charitable Status The charitable company was granted charitable status on 15 December 2011 and is registered with the Charity Commi55ion under registration number 1145077. The charity is also registered with Companies House under registration number 07837346 in England. ement Directors The above named have served as directors during the period as indicated above, The company directors are also trustees of the charitv. The directors are appointed by the Board and met regularly throughout the year to review all aspects of the charitable company. The composition of the Board is kept under review and additional member5 are recruited should the need arise. Methods, Policy and Procedures for the Recrultment, Appointment, Induction and Training of New Trustee5/Directors Where a need for a new trusteeldirector is identified by the current trustee51directors, an Individual with the required dedication, skills and experience will be invited to be appointed. New trustees/directors are provided with details of their responsibilities as part of their training. For their induction, they are also briefed on the key issues that require their attention. Management Team The day to day running and management of the church is undertaken by Alan Woodhouse. The accounts are overseen by Mark Hemming. Volunteers In accordance with FRS102, the value of general volunteer time is not recognlsed in the accounts, However. it is acknowledged that the charity benefits Significantly from all the work done by Its volunteers. Without the kind donation of their time, the charity would not be able to provide
Aylesbury Vale Community Church Accounts-31 March 2024 Company No. 07837346 resources as far reaching and as timely. We are additionally grateful to the Leadership team who kindly provide time free of charge to run the charity's operations and ensure compliance with our many obligations. Risk Management The directors have considered the major risks to which the charitable company may be exposed and have taken Steps to mitigate the impact of these. Investments The charitable company retains sufficient funds on short term deposit for the day to day running of the church activities. Bankers Metro Bank plc, Aylesbury and Lloyds Bank plc, Aylesbury Independent Examlner FJ Wilde FCCA DChA 4 Marigold Drive, Bisley, Surreyi GU24 9SF
Aylesbury Vale Community Church Accounts-31 March 2024 Company No. 07837346 Report of the Directors (Trustees) and General Information (continued) forthe period l Aprll 2023 to 31 March 2024 Statement of Directors, ResponsibilitSes The directors (who are also trustees of the tharitable company for the purposes of charlty law) are responsible for preparing the Directors, Annual Report and the finèncial statements in accordance with 8eneral applicable law and United Kingdom Accounting Standards (United Kingdom General Accepted Accountln8 Practice). Company13w requires the direttors to prepare financial statements for each financial year which Bive true and fair view of the state of affairs of the charitable company and of the incorning resources and application of resources including the incorne and expenditure, of the charitable company for that period. In preparing these financial statements, the directors are required to: select suitable accountin8 policies and then apply them consistently; ob5enre the methods and principles in the Charitles SORP; make jud8ments and estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the f inancial statements- prepare the flnancial Statements on the going concern basis unless it is Inappropriate to presume that the charitable company will continue in busine5S. The dlrectors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the f inancial position of the charitable company and enable them to ensu re that the financial statements comply with the Companies Att 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The directors have prepared this report in accordance with the speclal provlsion5 of Part 15 of the Companie5 Act 2006 relating to small companies and with FRS 102. Slgned on behalf of the Board M Hemming- Director - Lo (L*
Aylesbury Vale Community Church Accounts-31 March 2024 Company No. 07837346 Independent Examiner's Report to the Directors Independent examiner's report to the dlrectors of Aylesbury Vale Community Church I report on the account5 ofthe charitable companyfortheyearended 31 March 2024, which comprlse the Statement of Financial Activities, Balance Sheet, and related notes. Responsibilltles and basis of report The trustees (who are also directors ofthe charitable company for the purposes of cornpany lawl are responslble for the preparation of the accounts. The trustees conslder that an audÉt is not requlred for this year under section 14412) of the Charities Act 2011 {the 2011 act) and that an independent examination is required. Having Satfied myself that the charitable company is not subject to audit under Part 16 of the 2006 Act and Is eligible for Independent examination, it is my responsibility to.. examine the accounts under5ection 145 of the 2011 act; to follow the procedures laid down in the 8eneral directions given by the Charity Comrnlssion under section 14515) Ibl of the 2011 act; and Independent exarniner's statement In connection with my examination, no matter has come to my attention: which gives me reasonable cause to believe that in any material respect of the requirernents: accounting recor(ts were not kept in accordance with section 386 of the Cornpanies Act 20Q6. or the accounts do not accord with such records; or the accounts do not comply with the accounting requirements of section 396 of the Companie5 Act 2006 otherthan any requirement thatthe accounts give a'true and fairf view which is not a matter considered as part of the independent examination; or2 the accounts have not been prepared in accordan with the Charr(ies SORP IFRS1021. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in thi5 report in order to enable a proper understanding of the accounts to be reached. FJ Wilde FCCA DChA Warner Wilde Limited 4 Marigold Drive Bisley Woking Surrey GU24 9SF Date: I I loL*
Aylesbury Vale Community Church Accounts-31 March 2024 Company No. 07837346 Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the year l April 2023 to 31 March 2024 2022123 2023124 Total Funds Unrestrlcted Funds Deslgnated Funds Restrlrted Funds Total Funds Notes Intome from: Donations Other trading activitie5 Investment5 Other Total 217,267 3,046 227,549 2,998 1,468 229,017 2,998 252 230,799 99 1,567 351 232,366 220,313 Expendtture on: Other trading artivities Charitable activities Other Total 47 148,014 768 399 149,485 804 150,688 399 178.485 804 179,688 13,185 15,815 148.829 13,185 15.815 71.484 Net intomel{Èxpenditurel 80.111 -13,185 -14,248 52,678 14 &15 Transfers between funds -14,848 13,185 1,663 71,484 Net movement in funds 65,263 -12,585 52,$78 Reconclllatlon of funds Total funds brought forward Total funds carried forward 377.170 448,654 354,967 420,230 17,604 17,604 76,083 63,498 448,654 501,332 There were no recognised gains or losses other than those included in the statement of financial activities, All income and expenditure derive from continuing activities. The note5 on pages 9 to 16 form part of these financial statements
Aylesbury Vale Communlty Church Accounts- 31 March 2024 Company No. 07837346 Balance Sheet 31 March 2023 31 March 2024 Notes 400,250 li FIXED ITANGIBLEI A55ETS 389,497 CURRENT ASSETS stock of CDS Other Debtors Cash in Hand Bank Accounts 16,876 155 123,204 140,235 20.948 220 164,183 185,351 CREDITORS.. Amounts fallin8 due within one year Accruals Mortgage 1,738 17,712 19,450 120,785 1,270 12,400 13,670 NETCURRENT A55Ers 171,681 521,035 TOTAL ASSETS LESS CURRENT LIA8ILITIES 561,178 12 CREDITORS: Amounts falling due after one year Mortgage 72,381 59,846 448,654 13 NET A55ETS 501,332 RESERVES General Fund Designated Fund5 Restricted Funds TOTAL CHARITY FUNDS 354,967 17,604 76,083 448,654 420,230 17,604 63,498 501,332 14 15 The accounts are prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relatingto small companies and with FRS 102. For the financial period ended 31 March 2023 the company was entitled to exemption from audit uncler section 477 Companies Act 2006 relating to small companies and no notice has been deposited under Section 476. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing accounts which give a true and fairview ofthe state of affairs of the company a5 at the end of the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company, The acco(Jnts were approved by the directors on 12 December 2024 and signed on it5 behalf by M Hemming- Dirertor Company No. 07837346
Aylesbury Vale Community Church Accounts-31 March 2024 Company No. 07837346 Notes to the Accounts forthe period ended 31st March 2024 A lesbu Vale Communit Church A cornpany limited by guarantee and not having a share capital. Registered in England. Registered Office.. Community Church Centre, St Marks Road, Aylesbury, Buckinghamshire, HP21 8RH l. Accounting Policies Basis of Preparatton The accounts have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certatn financial instruments at fair value, "Accounting and Reporting by Charities- Statement of Recommended Practice applicable to chariteS preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS102) (effective l January 2019}" and the Companies Act 2006. The charity is a Public Benefit Entity as defined by FRSIO2, The charity has taken advantage of the provisions in the SORP for charities applying FRS102 Update Bulletin I not to prepare a Statement of Cash Flows, The financial statements are prepared in sterling, which is the functiona I currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The principal accounting pollcies adopted are set out below. iv. The trustees consider that there are no material u ncertainties about the charity's ability to continue a5 a going concern, and have continued to adopt the going concern basis of accounting in preparing the financial Statements Funds - Restricted funds are funds which must be used in accordance with specific restrictions imposed by the donor or the terms of a specific appeal. Expenditure whlch meets this criteria is drawn f rorn the fund. Unrestricted funds are those funds which can be used for any purpose in furtherance of the charitable objects. Unrestricted funds Include designated funds where the trustee5 have, at their discretion, temporarily set aside resources for a specific purpose, Expenditure - is included on an accruals basis when incu rred, that Is when there15 a legal or constructive obligation. Expenditure includes irrecoverable VAT. I n accordance with FR5102, the value of general volijnteer time is not recognised in the accounts. Income All incoming resources are included in the statement of financial activities when the charity is legally entitled to the income and the amount can be guaranteed with reasonable accuracy and there is the probability of receipt. Taxation - The charity receives tax refunds in respect of gift aid donations. These are accounted for in the period in which the donation was originally reIVed and are allocated to the appropriate fund. The charity has not received any income or gains not covered by exemptions available by virtue of ebing a registered charity. Fixed Assets - Assets costing £500 or more, with a useful life in excess of two years, are capitalised. Fixed assets (with the exception of landl are depreciated on a straiEht line basis over the length of their usefu I life. The rate in use is as follows: Permanent church buildings- 15 years Log cabins- 12 years vi. ix.
Aylesbury Vale Community Church Account5- 31 March 2024 Company No. 07837346 Music equipment- fully depreciated (previously 25% per annum) Stock - Stock is valued at the lower of c05t or net realisable value after making due allowance for any obsolete or slow moving items, Pensions- The church makes contribution5 to the government'5 NEST pension scheme for all eligible employees. It is a def ined contribution scheme with the assets held separately and independently admlni5tered, The employer pension costs are included 85 expendittjre in the year in which they become payable. Financial instruments - the charity has elected to apply the provision5 of Section 11 'Basic financial instrijments, and Section 12 '0ther Financial Instruments Issyes, ofFRS102 to all of its financial instruments. Financial instrument5 are recogn ised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the f inancial statements, when there is a legally enforceable right to Set off the recogni5ed amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets - Basic financial assets, which include debtors and cash a nd bank balances, are initially measured at transaction price including tran5attion costs and are Subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of future receipts discounted at a market rate of Interest. Financial assets classified as receivable within one year are not amortised. xiv. Basic financial liabilities- Basic financial lia biltties, including credttors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument 15 measured at the present value of the future payments discounted at a market rate of interest. Financial liabilitie5 classified as payable within one year are not amortised. Debt instruments are subsequently carrled at amortised cost, using the effective interest rate method. xv. Derecognition of financial liabilities - financial liabilities are derecogni5ed when the charity's contractual obligations expire or are discharged or cancelled. xvi. Critical accounting estimates - In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent form other 50u rces. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these variances. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate 15 revised where the revision affects only that period, or in the period of the revlsion and future periods where the revision affects both current and future periods. io
Aylesbury Vale Community Church Accounts-31 March 2024 Company No, 07837346 2. Donations Total 2023 Unrestricted Designated Funds Funds Restrirted Funds Total 2024 190,370 General Church Giving Special Collections 26,897 Gift Aid Recovered 217,267 192.515 3,000 32,034 227,S49 1,46S 193,983 3.OQD 32,034 229,017 1,468 3. Other Tradlng Activ5tles (Income) Total 2023 Unrestricted Designated Fund5 Funds Restrirted Funds Total 2024 120 Building Fund Café and One- off Events 2,446 Youth Club Fee5 480 Hall Lettings 3,046 ioi ioi 2.177 720 2,998 2,177 720 2,998 4. Investments Total 2023 Unrestricted Destgnated Funds Funds Restrlcted Funds Total 2024 Interest Received 5. Other Income Total 2023 Unrestricted Designated Funds Funds Restrirted Funds Total 2024 Other Income 252 99 351 6. Other Trading Activities (Expenditure) Total 2023 Unrestricted Designated Restrlrted Total 2024 Funds Funds Funds Cost of CDS, Tapes and iTunes 47 Cafe Costs 399 399 399 399 li
Aylesbury Vale Community Church Accounts- 31 March 2024 Company No. 07837346 7. Charitable Arttvities Total 2023 Unrestrlcted Deslgnated Restritted Total 2024 Funds Funds Funds 100,240 Ministrysupport and Expenses 51 Evangelism and Outreach 5,230 Children and Youth 2,510 Missionary Giving and Other Gifts and Donations 6,836 Mtssic, Worship and Churth Events 22.492 Property C05t5 2.826 Office Costs 1,504 Insurance 526 Bank Charges 5,799 Mort6a8e Interest 148,014 96,513 13,185 109,698 1,500 4,994 2,629 1,500 4,994 1,139 1,490 8.355 26,948 2,155 1,677 408 7,296 149,485 8,355 39,773 2,155 1,677 408 7,296 178,485 12,825 13,185 15,815 8. Other Expenditure Total 2023 Unrestrlcted Designated Restrirted Totsl 2024 Funds Funds Funds Accountancy and Governance 768 Independent Examination Fee 768 804 804 804 804 9. Staff Costs 2023 2024 Emoluments Employer's National Insurance. Employerfs Pension Contributions 30,933 32,481 1,009 31,942 974 33,455 *This amount was rebated to zero Average number of employees during the year was three (prior year's average was three), All staff are employed by the charity and no employees were paid more than £60,000 per annum (based on a full-time equivalent rate). 12
Aylesbury Vale Community Church Account5-31 March 2024 Company No. 07837346 10. Transactions wlth Dirertors and Related Parties During the year there were the fo15owing transactions with directors and related partles,. Fees and Salary Glfts Expenses A Woodhouse I Peters R Peter5 A Troke 65,709 12,718 6,029 13,734 2,172 147 67,881 12,865 6,029 13,753 19 The key management personnel are A Woodhouse, I Peters and A Troke A Woodhouse and I Peter5 are directors R Peters is married to I Peters and is also the daughter of A Woodhouse. She is employed as a Church Secretary/Personal Assistant A Troke is the daughter of A Woodhouse. She is employed to run the mother and tots group and youth group within the church There were no employer pension contributions made for A Woodhouse No directors are paid for acting as directors/trustees, The remuneration paid Is for othef services provided to the charity and the legal authority is provided in the governing document. Total expenses claimed by S Dube, M Oliver and M Hemming {and their related parties) amounted to £0 {the prior year amount was £0}. None of these three directors or their related parties claim any mileage or subsistence payments. Prior Year Comparative Information". Fees and Salary Gift5 Expenses A Woodhouse I Peters R Peters A Troke 62.580 12,112 5,741 13,080 2,007 59 64,587 12,170 5,741 13,083 13
Aylesbury Vale Community Church Accounts-31 March 2024 Company No. 07837346 11. Fixed Tangible Assets Current Year: Free hold Land Free hold Buildings Muslt Equipment Total 2024 Cost At 01.04.2023 Additions At 31.03.2024 Accumulated Depreciation At 01.04.2023 Charge for the Period At 31.03.2024 Net Book Value At 31.03.2024 350,000 162,400 4.473 516,873 350,000 162,400 4.473 516,873 112.151 10,753 122,904 4,472 116,623 10,753 127,376 4,472 350,000 39,496 389,497 The mortgage held by the Church is secured against the freehold land and buildings. Prior Year Comparative Information: Free hold Land Free hold Buildings Music Equipment Total 2023 Cost At 01.04.2022 Additions At 31.03.2023 350,000 162,400 4,473 516,873 350,000 162,400 4,473 516,873 Accumulated Depreciation At 01.04.2022 Charge for the Period At 31.03.2D23 Net Book Value At 31.03.2023 100,837 11,314 112,151 4,472 105,309 11,314 116,623 4,472 350,[0 50,249 400,250 14
Aylesbury Vale Community Church Accounts- 31 March 2024 Company No. 07837346 12. Creditors - Amounts Falling Due After One Year 2023 2024 Mortgage 2-5 years Mortga8e more than 5 years 49,600 22,781 72.381 49,600 10,246 59,846 The mortgage is repayable by monthly instalments 13. Analysis of Net Assets by Fund Total 2023 Unrestrlcted Deslgnated Restrirted Funds Funds Funds Total 2024 400.250 Fixed Assets 14D,235 Current Assets {19.4501 Current Liabilities {72.3811 Creditor5 falling due after one year 448,654 Total 389,497 103,385 112,806) 159,846) 420,230 389,497 185,351 113,6701 {59,8461 501,332 17,504 64,362 18641 17,604 63,498 14. Designated Funds Current Year: Balance 31.03.2023 Income Expenditure Transfers Balance 31.03.2024 Fund for Mission Work Fund to Provide a Future Pension to A Woodhouse Total 13,185 13,185 17,604 17,604 17,604 13,185 13,185 17,604 Prior Year Comparative Information: Balance 31.03.2022 Income Expenditure Transfers 8alante 31.03.2023 Fund for Mission Work Fund to Provide a Future Pension to A Woodhouse Totsl 12,557 12,557 17,604 17,604 17,604 12,557 12,557 17,604 15
Aylesbury Vale Community Church Accounts- 31 March 2024 Company No. 07837346 15. Restricted Funds Current Year: Balance 31.03.2023 Income Expendlture Transfers Balance 31.03.2024 Building Fund Fund for Mission Work Sunday School Donations to Pass Cn Total 76,Q83 1,567 15.815 1.663 63,498 76,083 1,567 15,815 1,663 63,498 Buildin Fund The source of this is donations from church member5. Its purpose is to fund building work on the church building and outbuildings. The balance is pla nned to be used towards a small extension to the church and minor work5. Expenditure during the year was enabling expenditure (drawings, planning permission etc.) to enable the work to commence in 2024-25. It is anticipated the full balance will be spent within the coming year. Fund for Mission Work This reserve was f ully utilised in the previous fina ncial ye8r. Sunda School This reseNe was fully utilised in the previous financial year. Donations to Pass On This reserve was fully utilised in the previous financial year. Prior Year Comparative Information: Balance 31.03.2022 Income Expenditure Transfers Balance 31.03.2023 Building Fund Fund for Mission Work Sunday School Donations to Pass On Total 31.688 621 44,395 76.D83 621 50 655 1,326 50 655 45,100 32,309 76,083 16
Aylesbury Vale Community Church Accounts- 31 March 2024 Company No. 07837346 Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the year l April 2022 to 31 March 2023 This note Ss provided in order to show the breakdown of the prior year comparative figures between unrestricted, deslgnated and restricted funds. 2022123 Unrestricted Funds Deslgnated Funds Restricted Funds Total Funds Income from: Donation5 Other trading activltles Investments Other Total 172,167 3,046 45.IDO 217,267 3,046 175,213 45,100 220,313 Expenditure on". Other trading activities Charitable actlvitles Other Total 47 134,131 768 134,946 47 148,014 768 12,557 1,326 12,557 1,326 148,829 Net Incomellexpendlturel 40.267 112,5571 43,774 71,484 Transfers between funds Net movement in funds (12,5571 27,710 12,557 43,774 71,484 Reconclllatlon ol funds Total funds brought forward Total funds carried forward 327,257 354.967 17,604 17,604 32,309 76,083 377,170 448,654 17