| Page | ||||
|---|---|---|---|---|
| Report ofthe Trustees | 1 to | 6 | ||
| Independent Examiner's |
Report | |||
| Statement ofFinancial | Activities | |||
| Balance Sheet | ||||
| Notes to the Financial | Statements | 10 to | 18 | |
| Detailed Slstement of | Financial Activities | 19 to | 20 |
| forth | e Year En | ded 31Au u |
st 2023 | ||||
|---|---|---|---|---|---|---|---|
| 31.8.23 | 31.8.22 | ||||||
| Notes | Unrestricted funds f |
Restricted funds 6 |
Total funds |
Total funds E |
|||
| INCOME AND ENDOWMENTS Donations and legacies |
FROM | 265,462 | 11,965 | 277,427 | 249,448 | ||
| Investment income |
2 | 6,368 | - | 6,368 | ~10020 | ||
| Total | 271,830 | ~11965 | 283,795 | 259,468 | |||
| EXPENDITURE ON Raising funds |
3 | 218,540 | 3,298 | 221,838 | 215,933 | ||
| NET INCOME | 53,290 | 8,667 | 61957 | 43536 | |||
| RECONCILIATION Total funds brought |
OF FUNDS forward |
1,376,308 | 23,968 | 1,400,276 | 1,356,740 | ||
| TOTAL FUNDS CARRIED FORWARD | 1,429,598 | 32,635 | ~1,462233 | 1,400,276 |
| Corsham Bs tlat Church | Corsham Bs tlat Church | Corsham Bs tlat Church | ||||
|---|---|---|---|---|---|---|
| Balance Sheet | ||||||
| SHIA | 3 | 20023 | ||||
| 31.8.23 | 31.8.22 | |||||
| Unrestricted | Reslncted | Total | Total | |||
| Notes | funds 6 |
funds 2 |
funds 2 |
funds 2 |
||
| FIXEDASSETS Tangible assets |
6 | 1,317,094 | 1,317,094 | 1,238,398 | ||
| CURRENT ASSETS Debtors Cash al bank and in hand |
7 | 15,485 101.577 |
32,635 | 15.485 134,212 |
14,087 ~151 638 |
|
| 117,062 | 32,635 | 149,697 | 185,725 | |||
| CREDITORS Amounls falling due within one year |
8 | (4,558) | (4,558) | (3,847) | ||
| NET CURRENT ASSETS | 112,504 | 32,635 | 145,139 | 161,878 | ||
| TOTAL ASSETSLESSCURRENT LIABILITIES |
1,429,598 | 32,635 | 1,462,233 | 1,400,276 | ||
| NET ASSETS | 1,429.598 | ~32 635 | 1,462,233 | 1,400,276 | ||
| FUNDS Unrestricted funds Restricted funds |
10 | 1,429,598 ~32 635 |
1,357,662 42,614 |
|||
| TOTAL FUNDS | ~1,462 233 | 1,400,276 |
| TANGIBLEFIXEDASSETS | ||||
|---|---|---|---|---|
| Church Building 2 |
Hut 6 |
Manse E |
Motor Vehicles 6 |
|
| COST At 1 September 2022 Additions |
834,402 | 37,918 | 135,837 75295 |
7,200 |
| At 31August 2023 | 834,402 | 37,918 | 211,132 | 7200 |
| DEPRECIATION Al 1 September 2022 Charge for year |
6,239 240 |
|||
| At 31August 2023 | ~6479 | |||
| NET BOOK VALUE At 31August 2023 |
~834 402 | ~37918 | 211,132 | 721 |
| At 31August 2022 | 834,402 | ~37918 | ~135837 | 961 |
| Fixtures | ||||
| snd | ONce | Amolds | ||
| litlings | equipment | Mead | Totals | |
| 6 | 6 | 6 | E | |
| COST | ||||
| At 1September 2022 Additions |
84,279 10,518 |
9,958 | 219,501 | 1,329,095 85,813 |
| At 31August 2023 | 94,797 | 9,958 | 219.501 | 1,414,908 |
| DEPRECIATION | ||||
| Al 1 September 2022 Charge for year |
77,024 6246 |
7,434 631 |
90,697 7 117 |
|
| At 31August 2023 | ~83 270 | 8,065 | ~97814 | |
| NET BOOK VALUE | ||||
| At 31August 2023 | 11,527 | 1,893 | 219,501 | 1,317,094 |
| At 31August 2022 | 7255 | 2,524 | 219.501 | 1,238,398 |
| DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 31.8.23 | 31.8.22 | |||
| 6 | ||||
| Trade debtors | 11,292 | 10,024 | ||
| Prepaymenis | 4,193 | 4,063 | ||
| 15,485 | 14,087 |
| No CREDITORS'AMOUNTS |
es to the Financial Statements -co tinue for the Year Ended 31Au ust2023 FALLINGDUEWITHINONEYEAR |
d | |
|---|---|---|---|
| . | 31.8.23 | 31.8.22 | |
| E | E | ||
| Trade creditors Other creditors |
1.575 1,862 |
1.888 1,959 |
|
| 4,556 | 3,847 | ||
| MOVEMENT IN FUNDS |
| MOVEMENT IN FUNDS |
|||
|---|---|---|---|
| Nel | |||
| movement | At | ||
| At 1.9.22 | in funds | 31.8.23 | |
| 6 | |||
| Unrestricted funds |
|||
| General fund Anne Killingback Mission Fund- |
123,711 5,587 |
(26,793) (974) |
96,918 4,613 |
| Deslgnaled Fixed Asset Fund - Designated Ladies Ministry - Designated Men's Ministry -Designated |
1,238,398 771 184 |
78,696 (96) 1,401 |
1,317,094 673 1,585 |
| Youth Events - Designated Youth Weekend- Designated DTI Camp - Designated Covid 19Benevolent - Designated |
354 (72) (830) 6,224 |
(446) 368 2,276 (720) |
(94) 296 1,446 5,504 |
| Ladies Residential -Designated Legacies —Designated Souper Friday - Designated |
(834) 1,000 1,39? |
(834) 1,000 ~1397 |
|
| 1,374,327 | 55,271 | 1,429,598 | |
| Restricted funds | |||
| Mission Fund | 16,553 | 2,799 | 19,352 |
| Junior Church | 75 | 75 | |
| CMDAC-the Debt Advice Centre | 2000 | (90) | 1,910 |
| Mission Fund-Mission trips |
6,486 | (119) | 6,367 |
| Compassion | 20 | 20 | |
| Oasis ITAustria | 79 | 79 | |
| Tearfund | 736 | 736 | |
| Souper Friday | 4,096 | 4,096 | |
| General Funds - Restricted | |||
| 25,949 | ~6686 | ~32635 | |
| TOTAL FUNDS | 1,400,276 | 61,957 | 1,462233 |
| MOVEMENT IN FUNDS -continu |
ed | |||
|---|---|---|---|---|
| Net movement in funds. Included |
ln the above are as follows: | |||
| Incoming resources 2 |
Resources expended E |
Movement in tends 6 |
||
| Unrestricted funds General fund Anne Killingback Mission Fund- |
258,076 | (205,757) (974) |
52,319 (974) |
|
| Designated Ladies Ministry - Designated Men's Ministry - Designated Youth Events -Designated Youth Weekend- Designated DTI Camp - Designated Covid 19 Benevolent- Designated Ladies Residential -Designated |
529 2,478 861 1,607 3,498 4,761 |
(627) (1,077) (1,329) (1,239) (1,222) (720) ~5595) |
(98) 1,401 (448) 368 2,276 (720) ~834) |
|
| 2/1,830 | (218,540) | 53,290 | ||
| Restricted funds Mission Fund Tearfund Mission Fund-Mission Irips Ebola/Oasis/Oasis ITAustria Compassion Debt Avice Souper Friday -Restricted |
3,299 674 1,406 358 151 ~6077 |
(500) (674) (1,525) (358) (151) (90) |
2,799 (119) (90) 6,077 |
|
| ~tt 965 | ~3,398) | 8.667 | ||
| TOTALFUNDS | 283,795 | ~221,838) | 61,957 |
| Comparatlves fo |
r movement In funds |
|||
|---|---|---|---|---|
| Net | ||||
| movement | At | |||
| At 1.9.21 | In funds | 31.8.22 | ||
| f | E | |||
| Unrestricted funds |
||||
| General fund | 74,714 | 48,997 | 123,711 | |
| Anne Killingback | Mission Fund- | 6,037 | (450) | 5,587 |
| Designated | ||||
| Fixed Asset Fund | - Designated | 1,242,468 | (4,070) | 1,238,398 |
| Ladiea Ministry- | Designated | 863 | (92) | 771 |
| Men's Ministry -Designated | 940 | (756) | 184 | |
| Youth Events - Designated | 71 | 283 | 354 | |
| Youth Weekend- | Designated | (129) | 57 | (72) |
| DTI Camp - Designated Covid 19Benevolent - Designated |
(367) 7,755 |
(463) ~1,531) |
(830) ~6224 |
|
| 1,332,369 | 41,958 | 1,374,327 | ||
| Restricted funds | ||||
| Mission Fund | 17,941 | (1,388) | 16,553 | |
| Junior Church | (56) | 131 | 75 | |
| CMDAC —the Debt Advice Centre | 2,000 | 2,000 | ||
| Tearlund | 736 | 736 | ||
| Mission Fund —Mission Trips | 6,486 | 6,486 | ||
| Oasis ITAustria | 79 | 79 | ||
| Compassion | 20 | 20 | ||
| ~24 371 | 1,578 | 25,949 | ||
| TOTAL FUNDS | 1,356,740 | 43,53 | ~1400,276 |
| r he Yssr End | r he Yssr End | ed 31Au ust 2 23 |
||
|---|---|---|---|---|
| MOVEMENT IN FUNDS - continued |
||||
| Comparative nel movemenl |
in funds, included | in the above are as follows: | ||
| Incoming resources 2 |
Resources expended |
Movement in funds 2 |
||
| Unrestricted funds General fund Anne igllingback Mission Fund- |
248981 | (204 072) (450) |
44.909 (450) |
|
| Designaled Ladies Ministry - Designated Men's Ministry - Designated Youlh Weekend - Designated Youth Weekend- Designated DTI Camp - Designated Covid 19Benevolent- Designated |
590 219 920 1.430 1,973 25 |
(682) (975) (637) (1.373) (2,436) ~1,556) |
(92) (756) 283 57 (463) ~1,531) |
|
| 254,138 | (212,181) | 41,957 | ||
| Restricted funds Mission Fund Junior Church Tearfund Ebols/Oasis/Oasis ITAustria Compassion Debt Avice |
2,363 131 737 79 20 2,000 |
(3,751) | (1,388) 131 736 79 20 2,000 |
|
| 5,330 | ~3,752 | 1,578 | ||
| TOTALFUNDS | 259.468 | ~215,933) | 43,535 |
| The key financial assumptions | The key financial assumptions | The key financial assumptions | underlying | the valuation | were as follows: |
|---|---|---|---|---|---|
| Type ofAssumption | '/opa | ||||
| RPI price inflation | assumption | 3.50 | |||
| CPI price inflation | assumption | 2.75 | |||
| Minimum Penslonsbls |
Income | increases | (CPI pIus 0.75/o | ||
| pa) | 3.50 | ||||
| Assumed investmenl |
returns | ||||
| -Pre-retirement | 3.50 | ||||
| -Post retirement | 2.25 | ||||
| Deferred pension increases | |||||
| -Pre April 2009 | 3.50 | ||||
| -Post April 2009 | 2.50 | ||||
| Page 17 |
| Corsham Bs tlat Church | Corsham Bs tlat Church | ||
|---|---|---|---|
| Detailed Statement ofFinancial Activities | |||
| for the Year Ended 31Au ust2023 | 31.8.23 | 31.8.22 | |
| E | |||
| INCOME AND ENDOWMENTS | |||
| Donations and legacies General offerings and donations General offerings and donations-restricted |
251,190 26,237 |
238,684 10,764 |
|
| 277,427 | 249,448 | ||
| Investment income Tynings rent received Deposit accouni interest |
4,200 2,168 |
9,660 360 |
|
| ~6368 | 10,020 | ||
| Total incoming resources | 283,795 | 259,468 | |
| EXPENDITURE | |||
| Raising donations and legacies Salaries Pastoral care Worship expenses Publicity Admin: subscriptions Admln: telephone Admin: other costs |
105,453 3,748 2,116 432 1,203 718 2,930 |
103,046 2,966 7,574 130 1,421 980 2,596 |
|
| Ministry expenditure:Other Outreach CMDAC |
884 2,235 |
309 1,486 |
|
| Outreach: Mums and Tots |
55 | 47 | |
| Oulreach: Chrislianily explored Oulreach: Events |
7S 21,303 |
45 16,620 |
|
| Mission: Horne mission | 4,667 | 7,000 | |
| Mission: Others | 14,487 | 16,115 | |
| Upkeep of Church Other Premises Costs: Council lax |
6,757 1,813 |
3,441 2,840 |
|
| Other Premises Costs: Water | 134 | 101 | |
| Giber Premises Costs: Kitchen | 1,125 | 1,021 | |
| Other Premises Costs: Dovecote | 347 | ||
| Other Premises Costs: Dovecote rent | 700 | ||
| Other Premises Costs: Heath &safety | 675 | 406 | |
| Other Premises Costs: Building hire & professional fees Upkeep of Church: heat & light Upkeep ofchurch: insurance Upkeep ofchurch: Repairs & maintenance Outreach: The Ark |
1,875 7,446 1,839 3,540 215 |
4,589 5,255 2,804 1,324 728 |
|
| Fabric: Arnoids Mead | 1,501 | ||
| Fabric:The Tynings Fabric: General |
2,942 654 |
(67) 510 |
|
| Other Premises Costs: Long Close Carned forward |
Ave rent | 8,400 199,225 |
8,400 192,734 |
| Corshs Ba tlat Church |
Corshs Ba tlat Church |
|||
|---|---|---|---|---|
| Detailed Statement ofFinancial Activities | ||||
| for the Year Ended 31Au est 2023 | ||||
| 31.8.23 | 31.8.22 | |||
| 8 | ||||
| Reining donations Brought forward |
and legacies | 199,225 | 192,734 | |
| Other Premises Costs: Long Close CTextwaler |
Avenue | 1.932 | 1,919 | |
| Fabric; The Hut | 30 | 28 | ||
| AIM | 1,761 | 2,900 | ||
| lCT BMS |
1,909 1,150 |
824 1,150 |
||
| The Bible Society | 2.650 | 2,650 | ||
| Open Doors | 2.650 | 2,650 | ||
| Teaching: Junior Church | 323 | 225 | ||
| Teaching: Small Groups | 58 | |||
| Teaching: Youth | 310 | 331 | ||
| Teaching: Ministry | Training | 205 | 668 | |
| Depreciation on fixtures and fillings |
6,246 | 5,679 | ||
| Depreciation on motor vehicles |
240 | 320 | ||
| Depreciation on office equipment |
631 | 561 | ||
| Bank charges | 99 | 99 | ||
| 219,361 | 212,798 | |||
| Support coals | ||||
| Governance costs |
||||
| Accountancy and |
legal fees | 2,477 | ~3137 | |
| Total resources expended | 221,838 | 215,933 | ||
| Net income | 61,957 | 43,535 |