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|REPORT OF THE TRUSTEES|REPORT OF THE TRUSTEES|AND ACCOUNTS FOR THE YEAR ENDED 31DECEMBER 2023|PAGE|
|---|---|---|---|
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|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|
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|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|
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|ul
life of|the asset, at the follo|wing rates:|
|---|---|---|
|Buildings||10%|
|Furniture|&fittings|10%|
|Computers|&equipment|33%|
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|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|
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|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|
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|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|
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|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|
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|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|
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|||||||||||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|
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|||||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)||||
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|||||||||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|
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