2023-12-31-accounts - Cambray Baptist Church, Cheltenham

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REPORT OF THE TRUSTEES	REPORT OF THE TRUSTEES	AND ACCOUNTS FOR THE YEAR ENDED 31DECEMBER 2023	PAGE
			2
ACHIEVEMENTS 8E PERFORMANCE
Services and Worship.
Community Activities.
Children and Youth.
Mission
Buildings ..
Partnerships
Future Plans.
STRUCTURE 5 GOVERNANCE.
Staff Team .
Trustees ....................
FINANCIAL REVIEW
DECLARATION ..
REPORT OF THE INDEPENDENT		EXAMINER.	12
STATEMENT OF FINANCIAL	ACTIVITIES		13
BALANCE SHEET			14
CASH FLOW STATEMENT.			15
NOTES TO THE FINANCIAL	STATEMENTS		.16

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Signatures
Full Names	Matt Marks	Alex Luffrum
Position	Treasurer	Secretary
Date

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STATEMENT O	F FIN	ANCIAL A	CTIVITIE	S
Year ended 31December	2023
	Notes	Unrestricted	Restricted	Endowment	Total	Total
		funds	funds	funds	2023	2022
			E	E
Income from:
Donations and legacies		262,989	11,121		274,110	336,771
Charitable activities		14,053	49		14,102	10,622
Investment income		3,919			3,919	738
Total income		280,961	11,170		292,131	348,131
Expenditure on:
Charitable activities		263,071	11,170		274,241	346,268
Total expenditure		263,071	11,170		274,241	346,268
Net income		17,890			17,890	1,863
Reconciliation offunds:
Total funds brought forward		228,142		10,788	238,931	237,068
Total funds carried forward	18	246,032		10,788	256,821	238,931

At 31De	cember	2023
			Notes	2023	2022
Fixed assets
Tangible fixed assets			10	15,683	18,236
Current assets
Debtors			11	15,937	39,528
Cash in hand	and at	bank	12	232,978	200,483
				248,915	240,011
Current liabilities
Creditors: amounts		falling due within one year		(6,789)	(7,168)
Net current	assets			242,126	232,843
Total assets	less current liabilities			257,809	251,079
Non-current	liabilities
Creditors: amounts		falling due after one year	14	(988)	(12,148)
Net assets				256,821	238,931
Charitable	funds
Unrestricted	funds		15	246,032	228,142
Restricted funds			16
Endowment	funds		17	10,788	10,788
Total funds			18	256,821	238,931

Year ended 31December 2023
		Notes	2023	2022
Cash flows from operating activities:
Net income for the year as
per the statement offinancial activities			17,890	1,863
Adjustments for:
Finance cost pension discount unwind			547	1,008
Depreciation charges			2,553	1,462
Movement in pension liability			(11,695)	(8,370)
Pension deficiency payments			(12)	(2,878)
Decrease/(increase) in debtors			23,591	(24,534)
(Decrease)/increase in creditors			(379)	334
Net cash provided / (used by) by operating	activities		32,495	(31,115)
Cash flows from investing activities:
Purchase of property, plant and equipment				(3,272)
Net cash used in investing activities				(3,272)
Net increase / (decrease) in cash and cash	equivalents		32,495	(34,387)
Cash and cash equivalents at the beginning	ofthe year		200,483	234,870
Cash and cash equivalents at the end ofthe year		12	232,978	200,483

ul life of	the asset, at the follo	wing rates:
Buildings		10%
Furniture	&fittings	10%
Computers	&equipment	33%

2 Donations and Legacies
	Unrestricted	Restricted	Total 2023	Total 2022
			f	f
Offerings and similar donations Gift Aid tax refunds Donations received for meals, outings	214,554 43,495 968	8,880 2,241	223,434 45,736 968	227,655 39,223 247
and similar Grants received Bequests and legacies	1,750 2,222 262,989	11,121	1,750 2,222 274,110	780 68,866 336,771
3Income from Charitable Activities
	Unrestricted	Restricted f	Total 2023	Total 2022 f
Income from use ofchurch premises Income rental from 10Rodney Road Sale of bible study notes and Christian	2,963 3,000 21		2,963 3,000 21	2,366 66
magazines Subscriptions and general sales Other income	5,508 2,561 14,053	49 49	5,508 2,610 14,102	6,497 1,693 10,622

4 Investment	income
			Unrestricted	Restricted	Total 2023	Total 2022
					f	f
Bank interest			3,919		3,919	738
5 Expenditure	on Charitable	Activities
		Notes	Unrestricted	Restricted	Total 2023	Total 2022
					f	f
Ministry Mission Establishment			123,667 68,251 71,153	11,170	123,667 79,421 71,153	128,020 82,833 135,415
			263,071	11,170	274,241	346,268

Total Expenditure
		Activities	Gant
		undertaken	funding of	Support
		directly f	activities	costs	Total 2023 f	Total 2022 f
	Notes
Ministry Mission Establishment		123,667 17,408 51,988	62,013	19,165	123,667 79,421 71,153	128,020 82,833 135,415
		193,063	62,013	19,165	274,241	346,268

Grant Funding (Ov	er f1,000Specifie	d)
		Unrestricted	Restricted	Total 2023	Total 2022
		f		f	f
Baptist Home Mission		1,334		1,334	1,317
BMSWorld Mission (General, Medical,		1,375		1,375	1,481
Birthday &Relief Funds) Christmas Offering for Family Space &			1,876	1,876	2,778
YMCA
Crosslinks —Andy Symons		12,000		12,000	12,000
Harvest Offering			9,294	9,294	6,256
IFES -S Scorsone		8,400		8,400	8,400
3CChurch - CAP		1,350		1,350	1,200
OM - Emily & Riza Pepa - Kosovo		12,000		12,000	12,000
SIM International —N	Coleman	2,800		2,800	4,800
Wycliffe UK —T& N Kempton		9,600		9,600	9,600
Grants payable —E1,000and less		1,984		1,984	1,871
		50,843	11,170	62,013	61,703
Support Costs
		Unrestricted	Restricted	Total 2023	Total 2022
				f	f
Administrative staff		10,825		10,825	31,463
Other administrative	costs	8,296		8,304	8,258
Governance costs		36		36
		19,157		19,165	39,721

Staff Costs and Tr	ustees' Expenses
		Total 2023	Total 2022
			E
Salaries		127,478	144,890
Social security costs		1,637	3,007
Pension costs		11,385	12,130
Decrease in pension	liability	(11,695)	(8,370)
Other costs		13,048	14,280
		141,853	165,937

0Tangible Fixed Assets
					Computers
	Church		Furniture	&	&
	premises	Manse	fittings		equipment	Total
	f			f	f	f
Cost
At 1January 2023	59,100	3,688	71,300		73,825	207,913
Additions
At 31December 2023	59,100	3,688	71,300		73,825	207,913
Depreciation At 1January 2023 Charge for the year At 31December 2023	52,000 52,000		67,124 1,462 68,586		70,553 1,091 71,644	189,677 2,553 192,230
Net Book Value
At 1January 2023 At 31December 2023	7,100 7,100	3,688 3,688	4,176 2,714		3,272 2,181	18,236 15,683
11Debtors
					2023	2022
					f	f
HM Revenue & Customs	(Gift Aid tax reclaim)				4,712	3,149
Legacy receivable Prepayments					11,225 15,937	26,515 9,864 39,528
12Cash in hand and at	Bank
					2023	2022
					f	f
					335	726
Cash
Current accounts					11,204	14,663
Savings accounts					221,439 232,978	185,094 200,483

										2023	2022
										f	f
Pensions	liability (deficiency contributions				payable			to Baptist Pensions)		12	12
Accrual	for grant payable	in respect of Christmas					offering			1,876	2,778
Accruals	and deferred income									1,649	1,026
Trade creditors										3,252	3,352
										6,789	7,168
14Creditors: Amounts		Falling		Due After		One	Year
										2023	2022
										f	f
Pension	liability:
At 1January										12,160	22,400
Finance	cost ofdiscount	unwind		—included		within		Ministry	activity	547	1,008
Deficiency contributions paid Decrease in pension liability			—staff costs							(12) (11,695)	(2,878) (8,370)
At 31December										1,000	12,160
										12	12
Amount Amount	falling due within one year falling due after one year									988	12,148

						Net income/	Transfers
			At 1.1.2023	Income	Expenditure	(expenditure)	to/(from)	At 31.12.23
			f	f	f	f	f	f
General fund			132,062	242,995	(205,636)	37,359	(18,153)	151,268
Designated Fellowship	funds: fund		1,556	100	(526)	(426)		1,130
Legacy fund			85,049	2,002		2,002		87,051
Organisations'		fund	2,028	6,692	(7,032)	(340)		1,688
Partnership	fund		(1)	29,172	(47,324)	(18,152)	18,153
Tangible fixed		assets	7,448		(2,553)	(2,553)		4,895
			228,142	280,961	(263,071)	17,890		246,032

				Net income/
At	1.1.2023	Income	Expenditure	(expenditure)		At 31.12.23
	f		f		f	f
		11,170	(11,170)
		11,170	(11,170)

								Net income/
			At	1.1.2023 f	Income	Expenditure	f	(expenditure)	f	At 31.12.23 f
Church buildings	and	manse		10,788						10,788

18Analysis	ofNet Assets
			Fixed	Current	Current	Non-current
			assets	assets	liabilities	liabilities	Total
					f	f	f
Unrestricted	funds	15	4,895	247,038	(4,913)	(988)	246,032
Restricted funds Endowment funds		16 17	10,788	1,877	(1,876)		10,788
			15,683	248,915	(6,789)	(988)	256,821