REGISTERED COMPANY NUMBER: 07893445 (England and Wales)
REGISTERED CHARITY NUMBER: 1145653
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2022
for
Buckskin Evangelical Church
Brewers Chartered Accountants
Bourne House
Queen Street
Gomshall
Surrey
GU5 9LY
Buckskin Evangelical Church
Contents of the Financial Statements
for the Year Ended 31 December 2022
|
|
Page |
|
Report of the Trustees |
1 |
to |
5 |
Independent Examiner's Report |
|
6 |
|
Statement of Financial Activities |
|
7 |
|
Balance Sheet |
8 |
to |
9 |
Notes to the Financial Statements |
10 |
to |
16 |
Buckskin Evangelical Church
Report of the Trustees for the Year Ended 31 December 2022
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,present their
reportwiththefinancialstatementsofthecharityfortheyearended31December2022.Thetrustees have
adoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReporting Standard
applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
Thecharity'sobjectsforthepublicbenefitaretoadvancetheChristianfaithinaccordancewith the
statementofbeliefsinBasingstokeandinsuchotherpartsoftheUnitedKingdomortheworldasthe trustees
mayfromtimetotimethinkfitandtofulfilsuchotherpurposeswhichareexclusivelycharitableaccording to
the law of England and Wales and are connected with the charitable work of the charity.
Our Mission Statement
We are committed to be God's church in Buckskin to:
Show His love - to those in the community;
Share His Message - with those around us;
Strengthen His People - to serve Him;
Support His Work - in His world;
Serve Jesus in the Community.
Introduction
BuckskinEvangelicalChurchwasincorporatedasacompanylimitedbyguaranteeon21stDecember 2011,
wasregisteredasacharityon27thJanuary2012andbecameoperationalon20thApril2012whenthe assets
ofthepreviouscharitabletrustandbuildingtrustweretransferredtoit.Thisreportcoverschurchactivities for
the year to 31st December 2022
FINANCIAL REVIEW
Financial Review
The following table shows a comparison of unrestricted income and expenditure, 2022 vs 2021:
|
2022 |
2021 |
|
£ |
£ |
Unrestricted income |
174,723 |
164,916 |
Unrestricted expenditure |
174,959 |
201,669 |
|
|
|
Net unrestricted income (before transfers) |
(236) |
(36,753) |
|
|
|
|
|
|
Restricted income |
45,874 |
11,638 |
Restricted expenditure |
32,866 |
13,034 |
|
|
|
Net restricted income (before transfers) |
13,008 |
1,396 |
|
|
|
Insummary,thetrusteesareconfidentthattheChurch'sfinancialpositionremainssound.Generous and
sacrificialgivingfrommembersandothersupporterswillallowawideandgrowingprogrammeofactivities to
takeplace.Thetrusteeswilltakecarefulnoteofthefinancialpositionwhenagreeingbudgetsand setting
spendingplansfor2023andbeyond,toensurethattheChurch'sfinancialpositionremainssound.This will
involveholdinganappropriatelevelofreservesagainstmaintaininganactiveprogrammeof Church
activities.level of reserves against maintaining an active programme of Church activities.
Grants Policy
Thechurchseekstogiveawayaminimumof10%ofprioryearunrestricteddonations,excludinggifts,to assist
missionary activity both in the UK and overseas.
Page 1
Buckskin Evangelical Church
Report of the Trustees for the Year Ended 31 December 2022
FINANCIAL REVIEW
Reserves policy
Thechurch'spolicyistomaintainaprudentleveloffreereserves(definedasunrestrictedfunds,less tangible
fixedassetsnetoflong-termloanssecuredonthefixedassets).Thefreereserveson31December 2022
amountto£20,574(2021:£16,975).Forthepurposesofshorttermandmedium-termfinancial management,
thetrusteesareconcernedmorewiththemanagementofworkingcapital.We endeavortomaintain reserves
thatcoverupto3monthssalaries,costsandchurchrunningexpenses.ThisisheldintheCAFGold deposit
accountwhichhadabalanceof£30,858on31stDecember2022(2021:£31,989).Thegivingandactivities of
thechurcharedependentonthedonationsgivenbymembersofthechurch.Forthisreason,no additional
reserves are maintained by the church.
Risk statement
Thetrusteeshaveexaminedthemajorstrategic,businessandoperationalriskswhichthechurchfaces and
confirmthatsystemshavebeenestablishedtomonitorthoseriskssothatthenecessarystepscanbetaken to
lessen them.
Trustee's Responsibility
UndertheCharitiesAct1993,thetrusteesarerequiredtoprepareastatementofaccountsfor each
accounting year which gives a true and fair view of the state of the affairs of the church.
They are required to:
1. Select suitable accounting policies and apply them consistently.
2. Make judgments and estimates that are reasonable and prudent.
3. State whether the applicable accounting standards have been followed.
4. Prepare the financial statements on an ongoing basis.
Theyareresponsibleforkeepingproperaccountingrecordswhichdisclosewithreasonableaccuracyat any
timethefinancialpositionofthechurchandtoensurethatsuchaccountsandrecordscomplywith the
Charities Act 1993.
Theyalsohavearesponsibilitytosafeguardtheassetsofthechurchandtotakereasonablestepsto detect
fraud or any other irregularities and to provide reasonable assurances that:
1. The church is operating efficiently and effectively.
2. Its assets are safeguarded against unauthorised use or disposition.
3. Financial information used within the church or for publication is reliable.
4. The church complies with relevant laws and regulations.
TheTrusteesofthechurchmeetregularlytoreviewandmanagetheactivitiesofthechurch.Inthisthey are
supported by the Elders and the Leadership Team of the church.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Theorganisationisacharitablecompanylimitedbyguarantee,incorporatedon21stDecember2011, and
registeredasacharityon27thJanuary2012.ThecompanywasestablishedunderaMemorandum of
Associationwhichestablishedtheobjectsandpowersofthecharitablecompanyandisgovernedunder its
ArticlesofAssociation.Intheeventofthecompanybeingwoundupmembersarerequiredtocontribute an
amount not exceeding £10.
Annual General Meeting
TheAnnualGeneralMeetingwasheldon18thOctober2022whentwotrustees,AshleyBoardman and
RichardSpiersresignedasrequiredbytheGoverningDocument[article29].AndrewDossettwas appointed
asatrusteeon19thJuly2022andresignedasrequiredbytheGoverningDocument[article34(2)]. Ashley
Boardman, Andrew Dossett and Richard Spiers were re-appointed as trustees.
Management
The spiritual life of the church is run by a team of five Elders, three of whom are Trustees.
One of the Elders/Trustees, Will Ross, is the Senior Pastor and a paid employee of the church.
Theday-to-daymanagementofthechurchisrunbyamanagementteamcomprisingofTrustees,Elders, and
a leadership team comprising various activity team leaders.
TheadministrationofthechurchisnowmanagedbytheactivityleadersusingChurchSuitesoftware.This is
overseen by the Church Communications Officer.
Page 2
Buckskin Evangelical Church
Report of the Trustees for the Year Ended 31 December 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
Objective and activities
TheTrusteesandEldersarecommittedtoenablingasmanypeopleaspossibletoworshipatthechurch and
to become part of the fellowship.
WhenplanningouractivitiesfortheyearwehaveconsideredtheCharityCommission'sguidanceon public
benefit,inparticulartheguidanceoncharitiesfortheadvancementofreligion.Weendeavourto enable
everyone to live out their faith as part of our fellowship through our mission statement.
To facilitate this work, it is important that we maintain the fabric of the church building.
Sunday Services
ThechurchoffersachoiceoftwoservicesonSundaymornings.ThefirstisaCommunionServicethatstarts at
9.00am.ThereisthemainWorshipServicewhichcommencesat10.30amandrunsfor90minutes.At this
servicewealsoprovideacrècheandseparatechildren'sandyouthclasses.OnoccasionalSunday evenings
wemeetforworship,prayer,andBibleteaching.OnatypicalSundayweseearound100-120 people
attending the church.
Activities and Community Outreach
Itwastheintentionofthosewhostartedthechurchover50yearsagotoserveandsupportthe local
community.Today,thechurchseekstodothisbyofferingavarietyofactivitiesforitsmembersandfor those
in the wider community.
-
Stepping Stones - for parents and toddlers
-
AWANA - for children to age 11
-
Coffee Morning - for the retired
-
Seminars and courses - covering topics such as Gifts Discovery, Discipleship
-
Alpha Courses - aimed at those wishing to discover more about Christianity
-
Home Groups - we have 7 small community groups for friendship, support and teaching
- Threads - Woman's Ministry
-
Geared - Men's Ministry
-
Stitch & Craft Evenings
-
Lunch Plus - for lonely and vulnerable people
-
Youth Bible Study - meeting on a Monday aimed at 14 - 16 year olds
-
TLG - a mentoring programme in the local primary school
-
Refresh Cafe - operating once a week to support those struggling with their mental health.
In addition to the ongoing weekly activities we also provide:
ChurchOffice-thechurchisopenfivemorningsa weekfrom9.00am to12.00am. Theaimistohavea place
where people can come and find help if needed.
Supportnationally/locally-ThechurchiscommittedtocontinuingitssupportforChristianorganisations and
workersintheUK.We havesupportedorganisationswherechurchmembersareactivelyinvolvedin outreach
andsupportacrossthetown,suchasMoneyLifeline,Besom,Foodbank,andTheStarfishEnterpriseTrust (which
supports small community b ased Christian projects in the town).
FromJuly2021thechurchhaspartneredwithFoodbankandsetupacentrewhereclientscouldcome and
collect their food locally. The centre operates one morning a week and is staffed mostly by church members.
SupportInternationally-ThechurchisalsoactivelyinvolvedwithsupportingChristianorganisations and
Christianworkersinternationally.Churchmembersareactivelyinvolvedinsupportingprojectsin India,
Bangladesh, Nepal, and G hana. During 2022 we have also given support to a project in Kenya, Stand By Me.
Workingwithotherchurches-ThechurchisactivelyinvolvedwithOneChurchBasingstoke,the ecumenical
bodyforthetown.Thechurchhostsa bi-weeklylunchtimemeetingforministersandhasalsowelcomed other
churches and leaders for several larger 1CB events.
Page 3
Buckskin Evangelical Church
Report of the Trustees for the Year Ended 31 December 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
FamilyEvents-LiveNativityandEasterFundaytookplacein2022,thefirsttimesincetheoutbreakof the
pandemic.ThechurchalsopartneredwithChilternPrimarySchooltoputonanOutdoorCarolService which
over 250 peop le attended; due to inclement weather this was transferred to an indoor event.
Community Development
The church has always sought to support the local community. We have done this in several ways:
Supportingthelocalschool-wehaveverycloselinkstoChilternPrimarySchool.Everyotherweekthe pastor,
Will Ross,leadsan assemblyintheschool.Theschoolalsovisitsthechurchonvariousoccasions,e.g. Christmas,
Easter,Harvestandotheroccasionstoassistwithcurriculumstudies.ThroughtheTLGEarlyIntervention scheme
thechurchhasprovided5coachestosupportvulnerablepupilsinthelocalprimaryschool.Thechurch has
alsoworkedwiththeschoolbyprovidingover60hampersatChristmastoneedyfamiliesidentifiedby the
school.Thechurchalsorunsa Cook& Eatcourseforoneafternoonafterschoolover6weeks,wherea parent
and child learn how to cook a nutritious family meal.
Volunteers-thechurchhasover120activevolunteers,andithasbeenestimatedthatthechurch contributes
between8000and9000voluntaryhoursayear.An estimationoftheannual'volunteervalue'ofthechurch to
thecommunityisbetween£60,000and£70,000.Thisispurelythevaluetothecommunityofour volunteers
anddoesnotincludeanystaffcosts,seminarcosts,pastoralcareoflocalpeopleoranymajoreventsthat we
puton(e.g.FunDay).Thisdoesnotconsiderthosewhovolunteerforgroupsoutsideofthechurchlike Money
Lifeline(1volunteer),BasingstokeFoodbank(9volunteers),Besom(1volunteer),HealingontheStreets (1
volunteer), Starfish Enterprise (2 volunteers) and Cedar Tree Counselling (2 volunteers)
Church Building Usage
ThechurchbuildingisnowthelargestandmostversatilecommunitybuildinginBuckskin.We haveamain hall
thatwillseatover180people,plusothersmallroomsincludingahigh-techyouthroom.Thenewannexe has
fourmeetingroomsequippedwithtelevisionscreensandwi-fi.Thechurchbuildinghasbeenusedby several
outside organisations for the benefit of the community. Most days it is used by some kind of group.
Employees
The church employed the following staff;
-
full time Senior Pastor
-
full time Associate Pastor
-
part-time church communications officer
-
part-time TLG administrator and Children's Ministry Leader
-
part-time cleaner
-
part-time minute taker
A Church in Buckskin for Buckskin
Oneofthechurch'smajorprinciplesistogiveandtobegenerous.Hencetheeverydayrunningcosts and
activitiesofthechurcharefundedentirelybythecongregation.A principlethatwehaveadoptedisto give
regularlyandgenerouslytoorganisationsoutsideofthechurch.Inadditiontotheincomethatgoes overseas
to mission groups and relief aid, we financially support organisations in the UK.
WebelievethechurchhasamajorparttoplayintransformingBuckskin.Ourchurchhasthe people,
resources,and thedesireto bringaboutpositivechangeintothelivesoflocalpeople.We areallawareof the
challengesthatlayaheadforourcommunitiesaslocalgovernmentbudgetsandservicesfacecuts. The
governmentarelookingtothevoluntarysectortohelpfillsomeofthegapsthatwillbeleft.Asachurch, we
arealreadyservingandsupportingthelocalcommunityofBuckskinandareseekingtodevelopour role
further so that we can share and express the love of God in practical ways.
OnSundays,werunacreche,andclassesforchildrenuptotheageof11.Forchildrenoverage11we have
ayouthgroup.Thechurchhasadedicatedcrecheroom,individualroomsinwhichtoteachthe different
age groups that we cater for, together with infant toilets.
OnceaweekthechurchoperatesasaFoodbankHubandrunstheRefreshCaféforlonelyand vulnerable
people.
During2022thetoiletsintheoldestpartofthechurchwererefurbishedandashowerfacilitywasadded. This
was made possible with a Section 106 grant from Basingstoke and Deane District Council
Page 4
Buckskin Evangelical Church
Report of the Trustees for the Year Ended 31 December 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
Future Plans
Thechurchplanstoemployapart-timeCommunityWorkerwhowillsupportlocalfamilieswhoarelinked to
thechurchthroughthevarietyofactivitiesthechurchruns.Itisenvisagedthattherolewillbefor18hours a
week with an initial contract for 2 years being offered.
Thethemefor2023isthatasachurchwearetheBodyofJesus,createdtoserveHimhereontheearth and
how every member is a part of it and has a role to play.
The coming year will break into three sections, one for each ter
-
Spring Term - His Heart
-
Summer Term - His Hand
-
Autumn Term - His Feet
Eachtermwewillberunningactivitiesrelatedtothoseconcepts.Thegoalwillbetogrowthe church
spirituallyandnumericallyandtoreachoutintothelocalcommunity,toshowHisloveandshareHis message.
Itisourhopethatlikeahumanbodyeachofuswillbeconnectedandplaytheirparttotrulymakeus a
strong, healthy, and active body of God's people here in Buckskin.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07893445 (England and Wales)
Registered Charity number
1145653
Registered office
Chiltern Way
Basingstoke
Hampshire
RG22 5BB
Trustees
Ashley Boardman
Michael Boys
Andrew Dossett Treasurer (from 19/07/22)
William Ross
Ian Thompson
Margaret Thompson Treasurer (to 19/07/22)
Darren Skipp Chairman
Richard Spiers
Independent Examiner
Brewers Chartered Accountants
Bourne House
Queen Street
Gomshall
Surrey
GU5 9LY
Website
www.buckskin.church
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
...........................................................................
A Dossett - Trustee
Page 5
Independent Examiner's Report to the Trustees of
Buckskin Evangelical Church
Independent examiner's report to the trustees of Buckskin Evangelical Church ('the Company')
IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended
31 December 2022.
Responsibilities and basis of report
Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)you are
responsibleforthepreparationoftheaccountsinaccordancewiththerequirementsoftheCompanies Act
2006 ('the 2006 Act').
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16of the
2006Act andareeligibleforindependentexamination,Ireportinrespectofmyexaminationofyour charity's
accountsascarriedoutunderSection145oftheCharitiesAct2011('the2011Act').Incarryingout my
examinationIhavefollowedtheDirectionsgivenbytheCharityCommissionunderSection145(5)(b)of the
2011 Act.
Independent examiner's statement
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnection with
the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which
attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be
reached.
A M Skilton
Brewers Chartered Accountants
Bourne House
Queen Street
Gomshall
Surrey
GU5 9LY
Date: .. 19 September 2023 .....................
Page 6
Buckskin Evangelical Church
Statement of Financial Activities
for the Year Ended 31 December 2022
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
164,069
Other trading activities
2
215
Investment income
3
179
Other income
10,260
Total
174,723
EXPENDITURE ON
Raising funds
330
Charitable activities
charitable
157,278
Other
17,351
Total
174,959
NET INCOME/(EXPENDITURE)
(236)
Transfers between funds
13
6,375
Net movement in funds
6,139
RECONCILIATION OF FUNDS
Total funds brought forward
802,556
TOTAL FUNDS CARRIED FORWARD
808,695 |
Restricted
funds
£
44,569
-
20
1,285
45,874
3
32,863
-
32,866
13,008
(6,375)
6,633
13,275
19,908 |
31.12.22
31.12.21
Total
Total
funds
funds
£
£
208,638
167,760
215
625
199
6
11,545
8,163
220,597
176,554
333
14,759
190,141
196,186
17,351
3,758
207,825
214,703
12,772
(38,149)
-
-
12,772
(38,149)
815,831
853,980
828,603
815,831 |
|
|
|
The notes form part of these financial statements
Page 7
Buckskin Evangelical Church
Balance Sheet
31 December 2022
Notes
FIXED ASSETS
Tangible assets
8
CURRENT ASSETS
Debtors
9
Cash at bank
CREDITORS
Amounts falling due within one year
10
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS
Amounts falling due after more than one
year
11
NET ASSETS
FUNDS
13
Unrestricted funds
Restricted funds
TOTAL FUNDS |
Unrestricted
fund
£
913,023
8,004
36,198
44,202
(23,447)
20,755
933,778
(125,083)
808,695 |
Restricted
funds
£
-
-
19,909
19,909
(1)
19,908
19,908
-
19,908 |
31.12.22
Total
funds
£
913,023
8,004
56,107
64,111
(23,448)
40,663
953,686
(125,083)
828,603
808,695
19,908
828,603 |
31.12.21
Total
funds
£
922,997
3,999
56,369
60,368
(30,118)
30,250
953,247
(137,416)
815,831
802,556
13,275
815,831 |
|
|
|
|
|
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct 2006 for
the year ended 31 December 2022.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
31 December 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each 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 financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 8
Buckskin Evangelical Church
Balance Sheet - continued
31 December 2022
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicableto charitable
companies subject to the small companies regime.
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
............................................. and were signed on its behalf by:
.............................................
A Dossett - Trustee
The notes form part of these financial statements
Page 9
Buckskin Evangelical Church
Notes to the Financial Statements
for the Year Ended 31 December 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS 102,
havebeenpreparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReporting by
Charities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccounts in
accordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland (FRS
102)(effective1January2019)',FinancialReportingStandard102'TheFinancialReporting Standard
applicableintheUKandRepublicofIreland'andtheCompaniesAct2006.Thefinancial statements
have been prepared under the historical cost convention.
Income
All incomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementto the
funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswill be
requiredinsettlementandtheamountoftheobligationcanbemeasuredreliably.Expenditure is
accountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregateall cost
relatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadingsthey have
been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetoverits estimated
useful life.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretionof the
trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedforparticular restricted
purposes.
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
2. OTHER TRADING ACTIVITIES
3.
|
31.12.22 |
31.12.21 |
|
£ |
£ |
Church activities |
215 |
625 |
INVESTMENT INCOME |
|
|
|
31.12.22 |
31.12.21 |
|
£ |
£ |
Deposit account interest |
199 |
6 |
continued...
Page 10
Buckskin Evangelical Church
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
4. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
|
31.12.22 |
31.12.21 |
|
£ |
£ |
Depreciation - owned assets |
9,974 |
9,976 |
5. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2022nor for
the year ended 31 December 2021.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31December2022norfortheyear ended
31 December 2021.
6. STAFF COSTS
Staff costs
|
2022 |
2021 |
|
£ |
£ |
Wages and salaries |
93,065 |
90,653 |
Social Security costs |
2,831 |
3,690 |
Other pension costs |
3,557 |
3,331 |
|
|
|
|
99,453 |
97,674 |
|
|
|
Due to the size of the organisation, all staff are considered to be key management staff.
The average monthly number of employees during the year was as follows:
|
31.12.22 |
31.12.21 |
Full Time Pastor |
1 |
1 |
Full Time Associate Pastor |
1 |
1 |
Part Time Staff |
4 |
4 |
|
6 |
6 |
No employees received emoluments in excess of £60,000.
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
159,122
Other trading activities
625
Investment income
6
Other income
5,163
Total
164,916
EXPENDITURE ON
Raising funds
14,759 |
Restricted
funds
£
8,638
-
-
3,000
11,638
- |
Total
funds
£
167,760
625
6
8,163 |
|
|
176,554 |
|
|
14,759 |
continued...
Page 11
Buckskin Evangelical Church
Notes to the Financial Statements - continued
for the Year Ended 31 December 2022
7.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
Restricted
fund
funds
£
£
Charitable activities
charitable
183,152
13,034
Other
3,758
-
Total
201,669
13,034
NET INCOME/(EXPENDITURE)
(36,753)
(1,396)
RECONCILIATION OF FUNDS
Total funds brought forward
839,309
14,671
TOTAL FUNDS CARRIED FORWARD
802,556
13,275
8.
TANGIBLE FIXED ASSETS
COST
At 1 January 2022 and
31 December 2022
DEPRECIATION
At 1 January 2022
Charge for year
At 31 December 2022
NET BOOK VALUE
At 31 December 2022
At 31 December 2021
9.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22
£
Prepayments and accrued income
8,004 |
Total
funds
£
196,186
3,758
214,703
(38,149)
853,980
815,831
Freehold
property
£
997,595
74,598
9,974
84,572
913,023
922,997
31.12.21
£
3,999 |
|
|
continued...
Page 12
Buckskin Evangelical Church
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
10.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 12)
Trade creditors
Accruals and deferred income
11.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Bank loans (see note 12)
12.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank loans
Amounts falling due between two and five years:
Bank loans - 2-5 years
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more than 5 years by installment |
31.12.22
31.12.21
£
£
11,958
12,185
5,474
9,750
6,016
8,183
23,448
30,118
31.12.22
31.12.21
£
£
125,083
137,416
31.12.22
31.12.21
£
£
11,958
12,185
72,777
54,570
52,306
82,846 |
|
|
Thebuildingoftheannexetookplacein2016andwaspartlyfundedbya15-yearbankloan of
£200,000fromCAF Banksecuredonthelandandbuildings.Theloaninterestis2.95%abovetheBank of
Englandbaserate.Thetermsofrepaymentwereinterestonlyrepaymentsforthefirst12monthsand full
repayment over the remaining 14 years.
13. MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
Restricted fund
TOTAL FUNDS |
Net
movement
At 1.1.22
in funds
£
£
802,556
(236)
13,275
13,008
815,831
12,772 |
Transfers
between
funds
£
6,375
(6,375)
- |
At
31.12.22
£
808,695
19,908 |
|
|
|
828,603 |
continued...
Page 13
Buckskin Evangelical Church
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
13. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Restricted fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Restricted fund
TOTAL FUNDS
Comparative net movement in funds, included in the above ar
Unrestricted funds
General fund
Restricted funds
Restricted fund
TOTAL FUNDS |
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
174,723
(174,959)
(236)
45,874
(32,866)
13,008
220,597
(207,825)
12,772
Net
movement
At
At 1.1.21
in funds
31.12.21
£
£
£
839,309
(36,753)
802,556
14,671
(1,396)
13,275
853,980
(38,149)
815,831
e as follows:
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
164,916
(201,669)
(36,753)
11,638
(13,034)
(1,396)
176,554
(214,703)
(38,149) |
|
|
continued...
Page 14
Buckskin Evangelical Church
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
13. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds
General fund
Restricted funds
Restricted fund
TOTAL FUNDS |
Net
movement
At 1.1.21
in funds
£
£
839,309
(36,989)
14,671
11,612
853,980
(25,377) |
Transfers
between
funds
£
6,375
(6,375)
- |
At
31.12.22
£
808,695
19,908 |
|
|
|
828,603 |
A currentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedin the
above are as follows:
Unrestricted funds
General fund
Restricted funds
Restricted fund
TOTAL FUNDS |
|
|
|
Incoming
resources
£
339,639
57,512
397,151 |
Resources
Movement
expended
in funds
£
£
(376,628)
(36,989)
(45,900)
11,612
(422,528)
(25,377) |
Resources
Movement
expended
in funds
£
£
(376,628)
(36,989)
(45,900)
11,612
(422,528)
(25,377) |
Resources
Movement
expended
in funds
£
£
(376,628)
(36,989)
(45,900)
11,612
(422,528)
(25,377) |
|
At 01/01/21 |
Income |
|
Expenditure |
|
Transfers |
At 31/12/21 |
General fund |
809,192 |
164,248 |
|
175,533 |
|
- |
797,906 |
|
|
|
|
|
|
|
|
Designated funds |
|
|
|
|
|
|
|
Mission gifts |
617 |
69 |
|
- |
|
- |
686 |
Stepping stones |
962 |
- |
|
375 |
|
- |
587 |
Awana fund |
- |
100 |
|
- |
|
- |
100 |
Building funds |
28,362 |
- |
|
25,762 |
|
- |
2,600 |
TLG fund |
- |
500 |
|
- |
|
- |
500 |
Threads - Woman's ministries |
173 |
- |
|
- |
|
- |
173 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Unrestricted |
839,308 |
164,917 |
|
201,670 |
|
- |
802,555 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Restricted funds |
|
|
|
|
|
|
|
Building fund |
557 |
- |
|
- |
|
- |
557 |
Gifts |
6,294 |
11,638 |
|
11,331 |
|
- |
6,601 |
TLG |
11 |
- |
|
- |
|
- |
11 |
Buckskin Hardship fund |
7,808 |
- |
|
1,703 |
|
- |
6,105 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Restricted |
14,671 |
11,638 |
|
13,034 |
|
- |
13,275 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Funds |
853,980 |
176,555 |
|
214,704 |
|
- |
815,830 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TheBuildingFundexiststoupgradethefabricandfacilitiesofthebuildinginorderthatitismore cost
effective to run.
continued...
Page 15
Buckskin Evangelical Church
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
13. MOVEMENT IN FUNDS - continued
The Church Holiday fund covers specific event for local people.
TLG funds cover the mentoring programme for the local school.
BuckskinHardshipFundwasestablishedduring2020tosupportpeoplelocallysufferingasa resultof the
Covid 19 pandemic.
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2022.
Page 16