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||||Page||
|---|---|---|---|---|
|Report ofthe Trustees||«c||e|
|Independent
Examiner's|Report||||
|Statement ofFinancial|Activities||||
|Balance Sheet|||||
|Notes to the Financial Statements||10|to|18|
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|||for the
r En|1 Dec mb|r202|||
|---|---|---|---|---|---|---|
||||||2022|2021|
|||Unrestricted|Rsstdcted|Endowment|Total|Total|
||Notes|funds|funds
f|fundf|funds|fundsf|
|INCOME AND ENDOWMENTS|||||||
|FROM|||||||
|Donations
and legacies|2|19,752|4,712||24,464|18,672|
|Other trading
activities
Investmsnt
Income|3
4|20,690
~41 173|9312||20,690
50485|4,961
38294|
|Total||~81615|14,024||95 839|61927|
|EXPENDITURE ON|||||||
|Raising funds|5|6,791||2,125|9,466|13,219|
|Charitable
activities
Church activities|6|~68988|||~8,988|122 885|
|Total||~75779|550|2 125|78 454|136,104|
|Net gains/gosses)
on
investments||~134797|~88,71||~102196)|108,010|
|NET INCOME/(EXPENDITURE)
Transfers
between
funds|19|(7,643)
~3712|(75443)
~3712)|(2,125)|(85,011)|33,833|
|Net movement
In funds||(3,931)|(78,955)|(2,125)|(85,011)|33,833|
|RECONCILIATION
OF FUNDS|||||||
|Total funds
brought
forward||204,156|916,818|254,779|1,375,753|1,341,920|
|TOTAL FUNDS CARRIED|||||||
|FORWARD||259 225|837 863|252 654|1 2118742|1,376 753|
##
|C|t
I
u|Swin|||
|---|---|---|---|---|
||B~al nc|S~e|||
||~tgggi|IIErr4Q|||
||Notes||2022f|2021f|
|FIXEDASSETS|||||
|Tangible assets|12||4,288|1,214|
|Investmsnts|||||
|Investments|13||897,371|999,567|
|Investment
property|14||246,514|246,514|
||||1 148 173|1 247295|
|CURRENT ASSETS|||||
|Debtors
Cash at bank and in hand|15
16||5,845
~142241|5,908
134432|
||||148,086|140,340|
|CREDITORS|||||
|Amounts
falling due within one year|17||(5,517)|(11,882)|
|NET CURRENT ASSETS|||142,669|126453|
|TOTAL ASSETS LESSCURRENT LIABIUTIES|||1,290,742|1,375,753|
|NET ASSETS|||12M742|1375753|
|FUNDS|19||||
|Unrestricted
funds|||200,225|204,156|
|Restricted funds|||837,863|916,818|
|Endowment
funds|||252,654|254,779|
|TOTAL FUNDS|||I 2113742|I 375753|
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|||No
tral Ch
ch Sw
t e
9 clalS
t
f r
ey
rEn
3|No
tral Ch
ch Sw
t e
9 clalS
t
f r
ey
rEn
3|tn
n
e
-continued
c
her|||
|---|---|---|---|---|---|---|
|2.|DONATIONS|AND LEGACIES|||||
||||||2022f|2021f|
||Donations
and
Gfft aid|collections|||21,553
2,911|15,547
~3126|
||||||24,464|18,672|
|3.|OTHER TRADING ACTIVITIES||||||
||||||2022f|2021|
||Hire of Pilgrim|Centre|||20,690|~4961|
|4.|INVESTMENT|INCOME|||||
||||||2022f|2021f|
||Rents received||||24,552|12,392|
||Income from fixsd asset investments||||25,648|25,881|
||Deposit account Interest||||285|41|
|||||||38294|
||RAISING FUNDS||||||
||Investment
management||costs||||
||||||2022f|2021f|
||Portfofio management
Rental property expenses||||578
~8888|525
~12694|
|||||||13,219|
|6.|CHARITABLE|ACTIVITIES COSTS|||||
|||||DlreOI|Support||
|||||Costs (see|costs (see||
|||||note 7)
f|note 8)
f|Totals
f|
||Church actNrlies|||~23 950|45,038|~68 988|
|7.|DIRECT COSTS OF CHARITABLE ACTIVITIES||||||
||||||2022f|2021
f.|
||Staff costs|||||11,825|
||Mense properly|expenses||||1,153|
||Sundries||||1,074|798|
||Denominations|and assessments|||7,771|9,117|
||Worship||||2,226|2,549|
||Minister
payments||||12,542||
||Donations||||337||
||||||23950|25444|
##
##
|SUPPORT C|OSTS|||||||
|---|---|---|---|---|---|---|---|
|||||||Governance||
||||||Management
f|costs
f|Totals
5|
|Church
activities|||||~42 718|2 320|~45 038|
|Support costs, induded||in|the above, are as follows:|||||
|Management||||||||
|||||||2022|2021|
|||||||Church|Total|
|||||||activities
f|activities
8|
|Rates and water||||||60|1,320|
|Insurance||||||3,585|3,068|
|Light snd heat
Telephone
and internet||||||14,899
2,122|11,294
2,229|
|Printing,
postage snd stationery||||||1,680|2,410|
|Cleaning
and|household|||||3,980|3,744|
|Repairs
and|renewals|||||11,515|BB,595|
|Professional|fees||||||290|
|Bad debts|||||||439|
|Bookkeeping,|management||accounts and|||||
|payroll
Depreciation|oftangible|and heritage assets||||2,714
2,163|2,732
~1115|
|||||||~42 718|~95 238|
|Governance|costs|||||||
|||||||2022|2021|
|||||||Church|Total|
|||||||actndtles
f|activities
8|
|Independent|examination||and accountancy|||2320|2205|
|TRUSTEES'|REMUNERATION|||AND BENEFITS||||
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||C
Ch
S
on
Note
o the F nanc
t
ts - c
tinued
or
eYear
ded
De
ber 20|C
Ch
S
on
Note
o the F nanc
t
ts - c
tinued
or
eYear
ded
De
ber 20|C
Ch
S
on
Note
o the F nanc
t
ts - c
tinued
or
eYear
ded
De
ber 20|C
Ch
S
on
Note
o the F nanc
t
ts - c
tinued
or
eYear
ded
De
ber 20|C
Ch
S
on
Note
o the F nanc
t
ts - c
tinued
or
eYear
ded
De
ber 20||||
|---|---|---|---|---|---|---|---|---|
|11.|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES||||||||
||||Unrestricted||Restricted|Endowment||Total|
||||funds
f||funds
f|fundf||funds|
||INCOME AND ENDOWMENTS|FROM|||||||
||Donations
and legacies||17,912||760|||18,672|
||Other trading activities
Investment
Income||4,961
29241||~9053|||4,961
38294|
||Total||52|114|9813|||61 927|
||EXPENDITURE ON||||||||
||Raising funds|||470|12,170||579|13,219|
||Charitable
activities||||||||
||Church
activities||72|081|50804|||122,885|
||Total||72,551||62,974||579|136104|
||Net gains on investments||14|459|93551|||108010|
||NET INCOME/(EXPENDITURE)
Transfers
between funds||(5,978)
~9,520)||40,390
~9520||(579)|33,833|
||Net movement
In funds||(15,498)||49,910||(579)|33,833|
||RECONCIUATION
OF FUNDS||||||||
||Total funds brought
forward||219,854|||255,358||1,341,920|
||TOTAL FUNDS CARRIED FORWARD||204,|166|916818|264779||1 375753|
|12.|TANGIBLE FIXEDASSETS||||||||
|||||||Fixtures|||
|||||||and|||
||||||Equipment|fittings
f||Totals
f|
||COST||||||||
||At 1 January 2022||||25,963|23,966||49,929|
||Additions||||~1792|~3444||~5236|
||At 31 December 2022||||~27755|27|410|~55 165|
||DEPRECIATION||||||||
||At 1 January 2022||||25,148|23,569||48,715|
||Charge for year||||1,175||987|~2162|
||At 31 December 2022||||2B321|24|556|50877|
||NET BOOK VALUE||||||||
||At 31 December 2022||||~1434|~2854||4,288|
||At 31 December 2021||||817||397|~1214|
##
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|Notes
o
Fin
for the Y ar
FIXEDASSET INVE8TMENTS|ancial S
ements -co tinued
Ended 31 December 2 22|||
|---|---|---|---|
||West of|||
||England|United||
||Baptist|Reform||
||Trust Co.
6|Church
f|Totals
f|
|MARKET VALUE||||
|At 1 January 2022|381,247|618,320|999,567|
|Unrealised
gains|(31,451)|(70,745)|(102,196)|
|At 31 December 2022|349,796|547,575|897,371|
|NET BOOK VALUE||||
|At 31 December 2022|349,796|547,575|897,371|
|At 31 December 2021|381,247|618,320|999,567|
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|DEBTORS:A|MOUNTS
FALLING DUE WITHIN ONE YEAR|||
|---|---|---|---|
|||2022
f|2021|
|Trade debtors||581|785|
|Prepayments|and accrued income|5,264|5,123|
|||5,845|5,908|
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|17.|CREDITORS: A|MOUNT|S
FALL|ING DUE WITHIN|ONE YEAR||||
|---|---|---|---|---|---|---|---|---|
||||||||2022|2021
f|
||Other creditors||||||1,098|916|
||Accrued expenses||||||~4419|~10966|
||||||||5,517|~11 882|
|18.|ANALYSIS OF NET ASSETS BETWEEN FUNDS||||||||
||||||||2022|2021|
|||||Unrestricted|Restricted|Endowment|Total|Total|
|||||funds
f|funds
f|fundf|funds
f|funds
f|
||Fixed assets|||4,288|||4,288|1,214|
||Investments|||102,463|794,908|246,514|1,143,885|1,248,081|
||Current assets
Current
liabilities|||98,991
~5517)|42,955|6,140|148,086
~581|140,340
~44 882|
|||||200 225|837,853|252854|1 200 742|1 375.753|
|19.|MOVEMENT
IN FUNDS||||||||
|||||||Net|Transfers||
|||||||movement|between|At|
||||||At 1.1.22
f|In funds
f|funds
f|31.12.22|
||Unrestricted
funds||||||||
||General
fund||||204,158|(7,643)|3,712|200,225|
||Restricted funds||||||||
||Swindon
Church|Fund|||414,440|(22,889)||391,751|
||URC Fund||||502,378|(57,266)||445,112|
||Equipment
Benevolent
Fund|||||3,712
~1000|(3,712)||
||||||91B,818|(75,243)|(3,712)|837,863|
||Endowment
funds||||||||
||Property - Baptist||||254,779|(2,125)||252,654|
||TOTAL FUNDS||||1,375,753|~88011||1 200 742|
||Net movement
in|funds,|Included|In the above are|as follows:||||
||||||Incoming|Resources|Gains and|Movement|
||||||resources
f|expended
f|losses|In funds
f|
||Unrestricted
funds||||||||
||General
fund||||81,815|(75,779)|(13,479)|(7,643)|
||Restricted funds||||||||
||Swlndon
Church|Fund|||9,312|(550)|(31,451)|(22,689)|
||URC Fund||||||(57,288)|(57,266)|
||Equipment
Benevolent
Fund||||3,712
1,000|||3,712
~1000.|
||||||14,024|(550)|(88,717)|(75,243)|
||Endowment
funds||||||||
||Property - Baptist|||||(2,125)||(2,125)|
||TOTAL FUNDS||||95839|~8,454)|~102198)|~85011)|
##
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|||||Net|Transfers||
|---|---|---|---|---|---|---|
|||||movement|between|At|
||||At 1.1.21
f|in funds
f|funds|31.12.21
f|
|Unrestricted
funds|||||||
|General
fund|||219,654|(5,978)|(9,520)|204,156|
|Restrtcted funds|||||||
|Swlndon
Church
Fund
URC Fund
Manse Repair Fund|||425,133
439,625
2 150|(10,693)
62,753
~77870,|9,520|414,440
602,378|
|Endowment
funds|||866,908|40,390|9,520|916,818|
|Property - Baptist|||255,358|(579)||254,779|
|TOTAL FUNDS|||1,351520|33833||1,375,753|
|Comparative
net|movement|in funds, Induded|In the above are as follows:||||
||||Incoming|Resources|Gains and|Movement|
||||resources
f|expended|losses
f|in funds
f|
|Unrestricted
funds|||||||
|General fund|||52,114|(72,551)|14,459|(5,978)|
|Restricted funds|||||||
|Swindon
Church
Fund
URC Fund
Manse Repair Fund
Moyrs leaving present|||9,063
760|(50,544)
(11,670)
~60|30,798
62,753|(10,693)
62,753
(11,670)|
|Endowment
funds|||9,813|(62,974)|93,551|40,390|
|Properly
- Baptist||||(579)||(579)|
|TOTAL FUNDS|||61 927|~136104|~t08 010|33,833|
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