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 2023
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 2023
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Report of the Trustees |
1 |
to |
6 |
Independent Examiner's Report |
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7 |
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Statement of Financial Activities |
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8 |
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Balance Sheet |
9 |
to |
10 |
Notes to the Financial Statements |
11 |
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16 |
Buckskin Evangelical Church
Report of the Trustees for the Year Ended 31 December 2023
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,present their
reportwiththefinancialstatementsofthecharityfortheyearended31December2023.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 2023.
FINANCIAL REVIEW
Financial Review
The following table shows a comparison of unrestricted income and expenditure, 2023 vs 2022:
|
2023 |
2022 |
|
£ |
£ |
Unrestricted income |
167,957 |
174,723 |
Unrestricted expenditure |
166,510 |
174,959 |
|
|
|
Net unrestricted income (before transfers) |
1,447 |
(236) |
|
|
|
|
|
|
Restricted income |
36,035 |
45,874 |
Restricted expenditure |
21,203 |
32,866 |
|
|
|
Net restricted income (before transfers) |
14,832 |
13,008 |
|
|
|
Insummary,thetrusteesareconfidentthattheChurch'sfinancialpositionremainssound.Generous and
sacrificialgivingfrommembersandothersupporterswillallowawideandgrowingprogrammeofactivities to
takeplace.Thetrusteeswilltakecarefulnoteofthefinancialpositionwhenagreeingbudgetsand setting
spendingplansfor2024andbeyond,toensurethattheChurch'sfinancialpositionremainssound.This will
involveholdinganappropriatelevelofreservesagainstmaintaininganactiveprogrammeof Church
activities.
Grants Policy
Thechurchseekstogiveawayaminimumof11%ofitsunrestrictedincometoassistmissionaryactivityboth in
the UK and overseas.
Page 1
Buckskin Evangelical Church
Report of the Trustees for the Year Ended 31 December 2023
FINANCIAL REVIEW
Reserves policy
Thechurch'spolicyistomaintainaprudentleveloffreereserves(definedasunrestrictedfunds,less tangible
fixedassetsnetoflong-termloanssecuredonthefixedassets).Thefreereserveson31December 2023
amountto£20,774(2022:£20,754).Forthepurposesofshorttermandmedium-termfinancial management,
thetrusteesareconcernedmorewiththemanagementofworkingcapital.We endeavortomaintain reserves
thatcoverupto3monthssalaries,costsandchurchrunningexpenses.ThisisheldintheCAFGold deposit
accountwhichhadabalanceof£23,686on31stDecember2023(2022:£30,858).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
TheAnnualGeneralMeetingwasheldon23rdJanuary2024whentwotrustees,MichaelBoysand Darren
SkippresignedasrequiredbytheGoverningDocument[article29].AmeliaNirmalwasappointedasa new
trustee. Michael Boys and Darren Skipp were re-appointed as trustees.
Management
The spiritual life of the church is run by a team of four 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
various activity team leaders.
TheadministrationofthechurchismanagedbytheactivityleadersusingChurchSuitesoftware.This is
overseen by the Church Administrator.
Page 2
Buckskin Evangelical Church
Report of the Trustees for the Year Ended 31 December 2023
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.ThereisthemainWorshipServicewhichcommencesat10.30amandrunsfor90minutesAt this
servicewealsoprovideacrècheandseparatechildren'sandyouthclasses.OnoccasionalSunday evenings
wemeetforworship,prayer,andBibleteaching.OnatypicalSundayweseearound120-140 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
- Geared - Men's Ministry
- 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
-
Buckin Pantry - operating once a week to donate fresh food to the local community
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 2023 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 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
FamilyEvents-LiveNativityandEasterFundaytookplacein2023,withbotheventsattractingover 300
people.ThechurchalsopartneredwithChilternPrimarySchooltoputonaCarolServicewhichover 200
people 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
outsideorganisationsforthebenefitofthecommunity.Mostdaysitisusedby somekindofgroup.Thisyear we
have seen a number of improvements in the building and its facilities. These have included:
- Refurbishment of the church youth lounge
- New technology in the youth lounge
Installation of new catering equipment in the main kitchen
Employees
The church employed the following staff:
Page 4
Buckskin Evangelical Church
Report of the Trustees for the Year Ended 31 December 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
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
agegroupsthatwecaterfor.Theannexealsohasinfanttoiletsplusadisabledtoiletwithbaby changing
facilities.
OnceaweekthechurchoperatesasaFoodbankHubandrunstheRefreshCaféforlonelyand vulnerable
people.OnaThursdaymorningthechurchoperatesaFoodPantrygivingawayexcessfoodfrom local
supermarkets delivered to us by Community Food Link. Each week we see around 30 people visit the Pantry.
Hardship and Community Funds
DuringtheCovidpandemicaHardshipFundwasestablishedtogivegrantstothosewhowere struggling
financiallybecauseofthepandemic.TheTrusteesandEldersconcludedthattheFundhadrunitscourse and
closedtheFund,transferringthebalanceof£4,564toanewfundwithawiderremit,TheCommunity Fund.
The transfer was made in accordance with the Hardship Fund Terms of Reference.
InJuly2023afundraisingdayraised£13,500fortheCommunityFund;furtherdonationsof£4,300 were
receivedduringtheyear.ThebalanceoftheCommunityFundnowstandsat£24,300,whichincludesGift Aid
received and the funds transferred from the Hardship Fund.
Future Plans
Thechurchplanstoemployapart-timeCommunityWorkerwhowillsupportlocalfamilieswhoarelinked to
thechurchthroughthevarietyofactivitiesthechurchruns.Itisenvisagedthattherolewillbefor10to 12
hoursaweekwithaninitialcontractfor2yearsbeingoffered.ThecostofemployingtheCommunity Worker
will be borne by the Community Fund.
Thechurch'svisionfor2024istobea 'CommunityoftheCross'.Theemphasisbeingtofollowinthefootsteps of
ChristbyshowingHisloveandspeakingoutHismessage.Thecrosswasa placeofsacrificeandthecallto the
church will be to give themselves to God and sharing what they have with others.
The year will be separated into three themes:
-
Spring Term - The Cross a place of Love
-
Summer Term - The Cross a place of Transformation
-
Autumn - The Cross a place of Hope
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07893445 (England and Wales)
Registered Charity number
1145653
Registered office
Chiltern Way
Basingstoke
Hampshire
RG22 5BB
Page 5
Buckskin Evangelical Church
Report of the Trustees
for the Year Ended 31 December 2023
Trustees
Ashley Boardman Chairman (from 13/06/23)
Michael Boys
Andrew Dossett Treasurer
Amelia Nirmnal (from 23/01/24)
William Ross
Darren Skipp Chairman (to 13/06/23)
Richard Spiers
Ian Thompson (to 07/04/23)
Margaret Thompson
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 6
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 2023.
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: .............................................
Page 7
Buckskin Evangelical Church
Statement of Financial Activities
for the Year Ended 31 December 2023
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
165,812
Other trading activities
2
1,298
Investment income
3
847
Other income
-
Total
167,957
EXPENDITURE ON
Raising funds
367
Charitable activities
charitable
143,883
Other
22,260
Total
166,510
NET INCOME
1,447
RECONCILIATION OF FUNDS
Total funds brought forward
808,695
TOTAL FUNDS CARRIED FORWARD
810,142 |
Restricted
funds
£
33,757
-
268
2,010
36,035
366
18,968
1,869
21,203
14,832
19,908
34,740 |
31.12.23
31.12.22
Total
Total
funds
funds
£
£
199,569
208,638
1,298
215
1,115
199
2,010
11,545
203,992
220,597
733
333
162,851
190,141
24,129
17,351
187,713
207,825
16,279
12,772
828,603
815,831
844,882
828,603 |
31.12.23
31.12.22
Total
Total
funds
funds
£
£
199,569
208,638
1,298
215
1,115
199
2,010
11,545
203,992
220,597
733
333
162,851
190,141
24,129
17,351
187,713
207,825
16,279
12,772
828,603
815,831
844,882
828,603 |
|
|
|
220,597 |
|
|
|
333
190,141
17,351 |
|
|
|
207,825 |
|
|
|
12,772
815,831 |
|
|
|
828,603 |
The notes form part of these financial statements
Page 8
Buckskin Evangelical Church
Balance Sheet
31 December 2023
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
£
903,047
6,762
34,971
41,733
(20,960)
20,773
923,820
(113,678)
810,142 |
Restricted
funds
£
-
-
34,740
34,740
-
34,740
34,740
-
34,740 |
31.12.23
Total
funds
£
903,047
6,762
69,711
76,473
(20,960)
55,513
958,560
(113,678)
844,882
810,142
34,740
844,882 |
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 |
|
|
|
|
|
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct 2006 for
the year ended 31 December 2023.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
31 December 2023 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 9
Buckskin Evangelical Church
Balance Sheet - continued
31 December 2023
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 10
Buckskin Evangelical Church
Notes to the Financial Statements
for the Year Ended 31 December 2023
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.
|
31.12.23 |
31.12.22 |
|
£ |
£ |
Church activities |
1,298 |
215 |
INVESTMENT INCOME |
|
|
|
31.12.23 |
31.12.22 |
|
£ |
£ |
Deposit account interest |
1,115 |
199 |
continued...
Page 11
Buckskin Evangelical Church
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
4. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
|
31.12.23 |
31.12.22 |
|
£ |
£ |
Depreciation - owned assets |
9,976 |
9,974 |
5. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2023nor for
the year ended 31 December 2022.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31December2023norfortheyear ended
31 December 2022.
6. STAFF COSTS
Staff costs
|
2023 |
2022 |
|
£ |
£ |
Wages and salaries |
85,651 |
93,065 |
Social Security costs |
1,983 |
2,831 |
Other pension costs |
3,408 |
3,557 |
|
|
|
|
91,042 |
99,453 |
|
|
|
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:
|
31.12.23 |
31.12.22 |
Full Time Pastor |
1 |
1 |
Full Time Associate Pastor |
- |
1 |
Part Time Staff |
3 |
4 |
|
4 |
6 |
No employees received emoluments in excess of £60,000.
InJune2023theassociatepastorlefttheChurch,andisnotduetobereplaced.InOctober the
Church employed a Youth worker, a new role for the Church.
continued...
Page 12
Buckskin Evangelical Church
Notes to the Financial Statements - continued
for the Year Ended 31 December 2023
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
7.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
|
|
|
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
164,069
Other trading activities
215
Investment income
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
6,375
Net movement in funds
6,139
RECONCILIATION OF FUNDS
Total funds brought forward
802,556
TOTAL FUNDS CARRIED FORWARD
808,695
8.
TANGIBLE FIXED ASSETS
COST
At 1 January 2023 and
31 December 2023
DEPRECIATION
At 1 January 2023
Charge for year
At 31 December 2023
NET BOOK VALUE
At 31 December 2023
At 31 December 2022 |
Restricted
funds
£
44,569
-
20
1,285
45,874
3
32,863
-
32,866
13,008
(6,375)
6,633
13,275
19,908 |
Total
funds
£
208,638
215
199
11,545
220,597
333
190,141
17,351
207,825
12,772
-
12,772
815,831
828,603
Freehold
property
£
997,595
84,572
9,976
94,548
903,047
913,023 |
Total
funds
£
208,638
215
199
11,545 |
|
|
|
220,597 |
|
|
|
333
190,141
17,351 |
|
|
|
207,825 |
|
|
|
12,772
- |
|
|
|
12,772
815,831 |
|
|
|
828,603 |
continued...
Page 13
Buckskin Evangelical Church
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
9.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayments and accrued income
10.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 12)
Trade creditors
Social security and other taxes
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 |
31.12.23
£
1,970
4,792
6,762
31.12.23
£
11,966
502
1,423
7,069
20,960
31.12.23
£
113,678
31.12.23
£
11,966
77,124
36,554 |
31.12.22
£
-
8,004
8,004
31.12.22
£
11,958
5,474
-
6,016
23,448
31.12.22
£
125,083 |
|
|
31.12.22
£
11,958
72,777
52,306 |
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 1.1.23
in funds
£
£
808,695
1,447
19,908
14,832
828,603
16,279 |
At
31.12.23
£
810,142
34,740 |
|
|
844,882 |
continued...
Page 14
Buckskin Evangelical Church
Notes to the Financial Statements - continued
for the Year Ended 31 December 2023
13. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
|
|
Incoming |
Resources |
Movement |
|
|
resources |
expended |
in funds |
|
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
|
General fund |
|
167,957 |
(166,510) |
1,447 |
Restricted funds |
|
|
|
|
Restricted fund |
|
36,035 |
(21,203) |
14,832 |
TOTAL FUNDS |
|
203,992 |
(187,713) |
16,279 |
Comparatives for movement in funds |
|
|
|
|
|
|
Net |
Transfers |
|
|
|
movement |
between |
At |
At 1.1.22 |
|
in funds |
funds |
31.12.22 |
|
£ |
£ |
£ |
£ |
Unrestricted funds |
|
|
|
|
General fund |
802,556 |
(236) |
6,375 |
808,695 |
Restricted funds |
|
|
|
|
Restricted fund |
13,275 |
13,008 |
(6,375) |
19,908 |
TOTAL FUNDS |
815,831 |
12,772 |
- |
828,603 |
Comparative net movement in funds, included in the above |
|
are as follows: |
|
|
|
|
Incoming |
Resources |
Movement |
|
|
resources |
expended |
in funds |
|
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
|
General fund |
|
174,723 |
(174,959) |
(236) |
Restricted funds |
|
|
|
|
Restricted fund |
|
45,874 |
(32,866) |
13,008 |
TOTAL FUNDS |
|
220,597 |
(207,825) |
12,772 |
continued...
Page 15
Buckskin Evangelical Church
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
13. MOVEMENT IN FUNDS - continued
|
At 01/01/23 |
Income |
Expenditure |
Transfers |
At 31/12/23 |
General fund |
805,641 |
164,031 |
154,193 |
(5,337) |
810,142 |
|
|
|
|
|
|
Designated funds |
|
|
|
|
|
Building funds |
1,394 |
160 |
- |
(1,554) |
- |
TLG fund |
1,626 |
300 |
6,090 |
4,163 |
- |
Turkey-Syria Earthquake
appeal |
- |
2,195 |
2,700 |
505 |
- |
Youth Lounge Refurbishment |
|
1,224 |
3,446 |
2,222 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Unrestricted |
808,695 |
167,956 |
166,509 |
- |
810,142 |
|
|
|
|
|
|
Restricted funds |
|
|
|
|
|
Building fund |
558 |
- |
- |
- |
558 |
Childrens Worker |
6,000 |
- |
4,750 |
- |
1,250 |
Community Fund |
- |
21,101 |
1,304 |
4,564 |
24,361 |
Cook and Eat |
336 |
500 |
713 |
- |
123 |
Equipment |
- |
8,644 |
10,406 |
1,762 |
- |
Gifts |
7,719 |
- |
- |
(1,762) |
5,957 |
Hardship Fund |
5,296 |
33 |
764 |
(4,564) |
- |
Holiday Fund |
- |
1,913 |
1,913 |
- |
- |
Make Lunch |
- |
3,740 |
1,248 |
- |
2,492 |
TEAR Fund Quiz Night |
- |
105 |
105 |
- |
- |
|
|
|
|
|
|
Total Restricted |
19,908 |
36,035 |
21,203 |
- |
34,740 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Funds |
828,603 |
203,991 |
187,713 |
- |
844,881 |
|
|
|
|
|
|
|
|
|
|
|
|
TheBuildingFundexiststoupgradethefabricandfacilitiesofthebuildinginorderthatitismore cost
effective to run.
TLG funds cover the mentoring programme for the local school.
BuckskinHardshipFundwasestablishedduring2020tosupportpeoplelocallysufferingasa resultof the
Covid19pandemic.TheBuckskinHardshipFundwasclosedduring2023asthefundhadfulfilled its
purpose.Inlinewiththefund'stermofreference,thetrusteestransferredthebalanceofthe fund,
£4,564, to a new (restricted) fund, the Buckskin Community Fund.
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2023.
Page 16