Company registration number: 09164176 Charity registration number: 1162583 ## St Swithun’s Bournemouth Known as ## LOVECHURCH (A company limited by guarantee) Annual Report and Financial Statements For the year ended 31 December 2024 Oak Accounting Ltd Independent Examiner 27 Bascott Road Wallisdown Bournemouth Dorset BH11 8RJ ## St Swithun’s Bournemouth ## Known as LOVECHURCH ## Contents |Reference and Administrative Details
3| |---| |Trustees’ Report
4-6| |Independent Examiner’s Report
7| |Statement of Financial Activities
8| |Balance Sheet
9-10| |Notes to the Financial Statements
11-21| 2 ## St Swithun’s Bournemouth ## Known as LOVECHURCH ## Reference and Administrative Details Charity Registration Number 1162583 Company Registration Number 09164176 The charity is incorporated in England **Registered Office** St Swithun’s Church Gervis Road Bournemouth Dorset BH1 3ED **Trustees** Timothy John Matthews Matthew John Brearley Festus Fatai Adedoyin Chris Muir Appointed 7 April 2024 Christine De Silva Appointed 8 April 2024 Debi Matthews Appointed 15 April 2024 **Independent Examiner** Oak Accounting Ltd Independent Examiner 27 Bascott Road Wallisdown Bournemouth Dorset BH11 8RJ 3 ## St Swithun’s Bournemouth ## Known as LOVECHURCH ## Trustees’ Report The trustees (who are directors for the purposes of company law) present the annual report together with the financial statements of the charitable company for the year ended 31 December 2024. ## **Objectives, values and activities** LOVECHURCH is a vibrant church in the centre of Bournemouth and part of the HTB Network of Churches. We were planted into St Swithun’s Church from HTB in London in 2014. During 2024 we celebrated our ten-year anniversary. Lovechurch exists for three purposes: · To play our part in the evangelisation of Bournemouth - that means sharing our faith with everyone we know 24/7; · the transformation of Bournemouth’s society - this means bringing God’s Kingdom to bear in every sphere of life; · the revitalisation of the church - that in every community there is a Spirit-filled, life-giving fellowship of God’s people. At the continuing invitation of the PCC of St Clements, Boscombe we resource mission in that parish. We run many services and activities across the two sites. Our values are to always be: **Relational** Living out our love for God and our love for one another, taking time to listen patiently, speak courageously, and forgiving one another when we have done wrong. **Evangelistic** We constantly talk about Jesus and always refer back to Him as the pattern for our lives and revelation of who God is. **Adventurous** Life is a journey that we are on together, sometimes it hurts but through everything we seek to encourage and help one another to walk into the freedom and dignity that Jesus has won for us. **Learning** We are always growing together and learning more about God’s love and His plan for our lives. ## **Achievements and performance** 2024 has been a year of celebration as we celebrated and thanked God for His provision across ten years since we launched in 2014. In April we held our first Church Summit for all our members to gather for worship and a presentation of the vision and ministry of the church. In the summer we gathered the Burnbake Campsite for our Homefires weekend, including a funday for the whole church on the Saturday. In September, we met together for a huge celebration at a ‘Lovechurch is 10’ party. 4 Our regular programme continued throughout the year. On a Sunday, we hold three services across the two sites and a thriving, often over-subscribed, Kids and Youth programme. Sunday evening at St Swithun’s is attended by many students from the nearby university. Our weekday church activities complement our Sunday programme and include prayer, youth ministry, student ministry, Ladies and Men’s groups and the Alpha course. Many of our church members meet during the week in Connect Groups, some are on-line and some in-person. By the end of 2024 we had 16 groups and 97 people registered in a group. We also run a successful internship programme. Our work with our community around St Clement and St Swithun’s was stepped up during the Covid-19 crisis to respond to greater need and this has continued with the current cost of living crisis. Significant funding has been received during recent years. These funds were used for the most vulnerable in our community to serve breakfast to schoolchildren, provide CAP debt counselling and life skills training and establish a Spear Bournemouth centre assisting disadvantaged 16-24 year-olds into sustained employment and training. During 2024, we sent a group of young people to Uganda to participate in mission projects at the Namuwongo Community Foundation. This trip was supported by members of the church and was a life-building experience for our young people as well as participating in vital mission with our friends in Uganda. We pray for and enable Christian leadership in every sphere of society, including leaders in media and the arts; government; education; business; the family; healthcare and the charity sector; and ordained leaders for the Church. We see ourselves as stewards of God’s gift of creation and have a strong environmental focus, targeting net-zero carbon emissions by 2030. During 2022, we achieved Ecochurch Bronze under the A Rocha UK’s Award Scheme. ## **Financial Review** In 2024, we reported a net surplus of £11,266 in unrestricted funds and a surplus of £8,535 in restricted funds. Restricted funds of £78,613 were received during the year and £70,078 were spent. The balance of restricted funds at the end of 2024 was £45,944. We expect to spend these funds in the coming year. The largest funds received in the year were: Love Cities, a social transformation project led by the Churches Revitalisation Trust; Dorset Community Fund; funds to be used for space and environmental projects; and Christians Against Poverty, a debt counselling service. The funds received from the Love Cities initiative were principally transferred to Spear, a programme to help young people from disadvantaged backgrounds get into work. An analysis of restricted funds is laid out in note 17. Unrestricted income decreased by 3.5% from the prior year to £397,814 mainly reflecting the continued transfer of congregational giving direct to St Clement. Unrestricted expenditure decreased by 3.2% to £386,548 mainly explained by the matching transfer of expenditure to St Clement. The surplus on unrestricted funds was added to reserves brought forward of £316,247, giving unrestricted reserves carried forward at the end of 2024 of £327,513. Net current assets excluding any property related loans, or “free reserves”, were £15,749 at 31 December 2024. This represented 2 weeks of expenditure, although it represented 8 weeks of net expenditure after considering regular monthly donation income from our congregation. Our policy is to aim to have “free reserves” representing at least 13-26 weeks of expenditure considering this regular monthly donation income. We are actively seeking ways of increasing regular giving in order to increase the reserves. The restricted funds carried forward will largely be spent on community projects during 2024. 5 Ptsns for Ptyiods Loieihurch will t￿lInve wotw*¢ in fUrth￿anCe ofthc obitdiies and ialu¢5 ourlincd ai¥>tre All OUT ￿111111¢$ 44111 ixiniinu¢. •HI a finsllKial tKL'n sxq)ord lo cnsuie th￿ a&￿￿1¢ i¢wutces are in place Mc will C￿li￿￿e ioK¢k (knJ'$ all we atyj tru￿ Him to b1¢55 w wtyship and ID ow ¥oiiuwnii) Si %%411huN 5 is a ¢(rtnt&irry limiitd by SU¥￿1￿ and • rewy¢rrd th￿lty The Ch￿ry is inc(wrated in ￿gla[￿ J]wJ qualifies a5 a 5tnallettharih' utyjer the C"hanty SORP. New tnLStcescan be arqK)illwl lry th¢ existing Nonew trpJy¢es T*e¥e wJiM¢d in 2024 Public btDtfil The truslee5 c(mfitm thar b•%.¢ (Im￿1¢￿ with th¢ rE4uirrn*n¢sofs¢aioR 4 of th¢ aJaritie5 A¢1 2011 to hai¢ du¢ T¢8¥d 10 the publi¢ knfii 8pJidwK¢ pJWi4*4 th¢Clwiry Cixnmiw(ffl for Engl￿d Wths. Th¢ annual reF￿ was 4SFYowed lry the orth¢ thwiry on 2(th M￿h 2025 •4 si￿ed ￿ Ils halfb￿.. Rebutod TDJ#ce 31 Z024. ofweknty's r*Yknl•A 145 of& Act 2011 I 14J(SXTh)ofth• l Alt J86of the 2rAM Ao or •1 R¢pllb1￿ of IRI•￿(F￿$ 102} BHI I8RJ 24 M*th3YIS ## St Swithun's Bournemouth ## known as LOVECHURCH ## **Statement of Financial Activities for the Year Ended 31 December 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)** |**Note**
**Income and Endowments from:**
Donations and legacies
3
Charitable activities
4
Investment income
5
Other income
Total Income
**Expenditure on:**
Raising funds
Charitable activities
6
Total Expenditure
Net income/(expenditure)
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
17
|**Unrestricted**
**£**
**Restricted**
**£**
**Total**
**2024**
**£**
**Total**
**2023**
**£**
382,571
69,020
451,591
517,388
-
9,593
9,593
9,798
12,612
-
12,612
15,241
2,631
-
2,631
2,599| |---|---| ||397,814
78,613
476,427
545,026| ||(215)
-
(215)
(4,607)
(386,333)
(70,078)
(456,411)
(552,515)| ||(386,548)
(70,078)
(456,626)
(557,122)| ||11,266
8,535
19,801
(12,096)| ||11,266
8,535
19,801
(12,096)
316,247
37,409
353,656
365,750| ||327,513
45,944
373,457
353,656| ||| All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 17. The notes on pages 11-21 form an integral part of these financial statements 8 ## St Swithun's Bournemouth ## known as LOVECHURCH ## **(Registration number: 09164176) Balance Sheet as at 31 December 2024** |**Note**
**Fixed assets**
Tangible assets
11
**Current assets**
Debtors
12
Cash at bank and in hand
13
**Creditors: Amounts falling due within one year**
14
**Net current**assets
**Total assets less current liabilities**
**Creditors: Amounts falling due after more than one year**
15
**Net**assets
**Funds of the charity:**
**Restricted income funds**
Restricted funds
17
**Unrestricted income funds**
Unrestricted funds
**Total funds**
17|**2024**
**£**
**2023**
**£**
688,034
690,685
9,756
5,631
91,829
62,766| |---|---| ||101,585
68,397
(75,591)
(48,844)| ||25,994
19,553| ||714,028
710,238
(340,571)
(356,582)| ||373,457
353,656| ||45,944
37,409
327,513
316,247| ||373,457
353,656| The notes on pages 11-21 form an integral part of these financial statements 9 The notes on pages 11-21 form an integral part of these financial statements 10 St Swithun's Bournemouth ## known as LOVECHURCH ## **Notes to the Financial Statements for the Year Ended 31 December 2024** ## **1 Charity status** The charity is limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £Nil towards the assets of the charity in the event of liquidation. The address of its registered office is: St Swithun's Church Gervis Road Bournemouth Dorset BH1 3ED These financial statements were authorised for issue by the trustees on 20 March 2024. ## **2 Accounting policies** ## **Summary of significant accounting policies and key accounting estimates** The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. ## **Statement of compliance** The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. ## **Basis of preparation** St Swithun's Bournemouth meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. ## **Going concern** The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. ## **Exemption from preparing a cash flow statement** The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements. ## St Swithun's Bournemouth 11 ## known as LOVECHURCH ## **Notes to the Financial Statements for the Year Ended 31 December 2024** ## **Income and endowments** Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received, and the amount can be measured reliably. ## _**Donations and legacies**_ Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period. ## _**Grants receivable**_ Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received, and the amount can be measured reliably and is not deferred. ## _**Donated services and facilities**_ Where services or facilities are provided to the charity as a donation that would normally be purchased from a supplier this benefit is included in the financial statements at its fair value unless its fair value cannot be reliably measured, then at the cost to the donor of the resale value of goods that are to be sold. ## _**Investment income**_ Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid by the bank. ## **Expenditure** Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required, and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings: ## _**Raising funds**_ The cost involved in fundraising, such as fees to subscription based giving services. ## _**Charitable activities**_ As a small charity, most of its activities are directly linked to charitable activities therefore most of the charity's expenditure are charitable costs. ## **Taxation** The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. ## **Tangible fixed assets** Individual fixed assets are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. ## St Swithun's Bournemouth 12 ## known as LOVECHURCH ## **Notes to the Financial Statements for the Year Ended 31 December 2024** ## **Depreciation** Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows: **Asset class** Land and Buildings Furniture and Equipment **Depreciation method and rate** No depreciation Straight line over 5 years ## **Trade debtors** Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables. ## **Cash and cash equivalents** Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. ## **Borrowings** Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. ## **Fund structure** Unrestricted income funds are general funds that are available for use at the trustee's discretion in furtherance of the objective of the charity. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. ## **Pensions and other post retirement obligations** The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment. St Swithun's Bournemouth 13 known as LOVECHURCH ## **Notes to the Financial Statements for the Year Ended 31 December 2024** ## **3 Income from donations and legacies** |Donations and legacies;
Donations from individuals
Gift aid reclaimed
Grants, including capital grants;
Grants from other charities
**Total for 2024**
**Total for 2023**|**Unrestricted**
**funds**
**Restricted**
**Total**
**General**
**£**
**funds**
**£**
**funds**
**£**
309,762
25,066
334,828
72,810
6,684
79,494
-
37,270
37,270| |---|---| ||382,572
69,020
451,592| ||517,388| ## **4 Income from charitable activities** |Ministry activities
**Total for 2024**
**Total for 2023**|**Unrestricted**
**funds**
**Restricted**
**Total**
**General**
**£**
**funds**
**£**
**funds**
**£**
-
9,593
9,593| |---|---| ||-
9,593
9,593| ||-
9,798
9,798| ## **5 Investment income** |Interest receivable and similar income;
Interest receivable on bank deposits
Other investment income
Income from rents
**Total for 2024**
**Total for 2023**|**Unrestricted**
**funds**
**Total**
**General**
**£**
**funds**
**£**
1,047
1,047
-
-
11,565
11,565| |---|---| ||12,612
12,612| ||15,241
15,241| 14 ## St Swithun's Bournemouth ## known as LOVECHURCH ## **Notes to the Financial Statements for the Year Ended 31 December 2024** ## **6 Expenditure on charitable activities** |Other costs
Depreciation, amortisation and other similar costs
Staff costs
**Total for 2024**
**Total for 2023**|**Unrestricted**
**funds**
**Restricted** **Total**
**General**
**£**
**funds**
**£**
**funds**
**£**
244,217
48,451
292,668
417
2,234
2,651
141,699
19,393
161,092| |---|---| ||386,333
70,078
456,411| ||395,218
157,295
552,515| ## **Analysis of expenditure by activity** |**Note**
Administration
Building & Venue
Ministries
Ministry Activities
Mission Giving
7
Staff
9
Depreciation
|**Total**
**2024**
**£**
**Total**
**2023**
**£**
53,091
55,090
99,817
122,146
17,951
25,921
59,585
111,753
62,224
70,000
161,092
164,409
2,651
3,196
456,411
552,515| |---|---| ## **7 Grant-making** ## **Analysis of grants and mission giving** |Winchester Diocese Contributions
Mission Partners
Leaders Discretional|**2024**
**£**
**2023**
**£**
62,224
70,000
-
-
-
-| |---|---| ||62,224
70,000| 15 ## St Swithun's Bournemouth ## known as LOVECHURCH ## **Notes to the Financial Statements for the Year Ended 31 December 2024** ## **8 Trustees’ remuneration and expenses** No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have received any other benefits from the charity during the year. ## **9 Staff costs** The aggregate payroll costs were as follows: |**9** **Staff costs**
The aggregate payroll costs were as follows:|| |---|---| |**Staff costs during the year were:**
Wages and salaries
Social security costs
Pension costs
Other staff costs|**2024**
**£**
**2023**
**£**
148,670
153,902
5,683
4,201
2,945
2,929
3,794
3,377| ||161,092
164,,409| The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows: |Employed staff|**2024**
**No**
**2023**
**No**
7
8| |---|---| No employee received emoluments of more than £60,000 during the year. ## **10 Taxation** The charity is a registered charity and is therefore exempt from taxation. 16 ## St Swithun's Bournemouth ## known as LOVECHURCH ## **Notes to the Financial Statements for the Year Ended 31 December 2024** ## **11 Tangible fixed assets** |**Cost**
At 1 January 2024
Additions
At 31 December 2024
**Depreciation**
At 1 January 2024
Charge for the year
At 31 December 2024
**Net book value**
At 31 December 2024
At 31 December 2023
**12** **Debtors**
Other debtors
**13** **Cash and cash equivalents**
Cash at bank|**Land and**
**buildings**
**£**
683,616
-|**Furniture and**
**equipment**
**£**
**Total**
**£**
125,084
808,700
-
-| |---|---|---| ||683,616|125,084
808,700| ||-
-|118,015
118,015
2,651
2,651| ||-|120,666
120,666| ||683,616|4,418
688,034| ||683,616|7,069
690,685| |||**2024**
**£**
**2023**
**£**
9,756
5,631| |||**2024**
**£**
**2023**
**£**
91,829
62,766| Cash at bank includes: Unrestricted funds of £49,608 (2023: £31,315) and Restricted Funds of £42,221 (2023: £31,451). 17 ## St Swithun's Bournemouth ## known as LOVECHURCH ## **Notes to the Financial Statements for the Year Ended 31 December 2024** ## **14 Creditors: amounts falling due within one year** |**14** **Creditors: amounts falling due within one year**|| |---|---| |Bank loans
Other loans
Other creditors
Accruals|**2024**
**£**
**2023**
**£**
18,600
15,900
17,100
17,294
37,912
6,600
1,979
9,050| ||75,591
48,844| ## **15 Creditors: amounts falling due after one year** |Bank loans
Other loans|**2024**
**£**
**2023**
**£**
293,898
314,518
46,673
42,064| |---|---| ||340,571
356,582| ## **16 Pension and other schemes** ## **Defined contribution pension scheme** The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £2,945 (2023 - £2,929). St Swithun's Bournemouth 18 ## known as LOVECHURCH ## **Notes to the Financial Statements for the Year Ended 31 December 2024** ## **17 Funds** |**Unrestricted Funds**
General fund
**Restricted Funds**
Christians Against Poverty (CAP)
Sound Desk
Table Tennis
St Clements General
Childrens Carpet
Space & Environment
Boiler Repair & Venue Hire
Childrens Play Area
Production Equipment Sale
LYN Food
Spear
Love Your Neighbour Hub
Safe Families
Love Christmas
Love Cities
Dorset Police
Dorset Community Fund
**Total restricted funds**
**Total funds**|**Balance at 1**
**January 2024**
**£**
**Incoming**
**resources**
**£**
**Resources**
**expended**
**£**

**Transfers**
**£**
**Balance at**
**31.12.24**
**£**
316,247
397,814
(386,548)
-
327,513
14,927
12,478
(16,977)
6,000
16,428
5,958
-
(2,234)
3,724
-
408
(408)
-
311
1,250
(1,561)
-
-
500
(500)
-
-
12,500
(2,800)
9,700
-
2,119
(2,119)
-
-
937
(937)
-
311
1,968
(195)
2,084
4,569
3,059
(4,263)
1,507
4,872
-
2,155
(14,155)
12,000
-
3,959
281
(5,037)
1,078
281
-
-
(2,000)
2,000
-
1,924
7,589
(6,280)
(1,882)
1,351
-
20,000
(20,000)
-| |---|---| ||1,582
-
(1,582)
-| ||3,868
13,370
(9,030)
(703)
7,505| ||
37,409
78,613
(70,078)-
45,944| ||
353,656
476,427
(456,626)
-
373,457| 19 ## St Swithun's Bournemouth ## known as LOVECHURCH ## **Notes to the Financial Statements for the Year Ended 31 December 2023** |**Unrestricted Fund**
General fund
**Restricted Fund**
Christians Against Poverty
(CAP)
Asda Cost of Living
St Clements Garden &
Community Meals
St Clements General
Florence Bright
St Clements Hall
Eco
LYN Food
Spear
Archbishop Fund
Love Your Neighbour Hub
Cafe Repair
Love Christmas
Talbot Trust
Asda
St Clements PCC
Safe Families
Talbot Village
Dorset Police
Nave Window
Dorset Community Fund
Computers
Production Equipment sale
Youth Events 2023
Love Cities
EFSA Rework
Sound System
**Total restricted funds**
**Total funds**|**Balance at 1**
**January 2023**
**£**
**Incoming**
**resources**
**£**
**Resources**
**expended**
**£**
**Transfers**
**£**
**Balance at 31**
**December**
**2023**
**£**
303,283
412,380
(399,416)
316,247
12,080
11,675
(16,126)
7,298
14,927
-
800
(800)
-
363
-
(363)
-
0
9,970
(9,659)
311
-
600
(600)
-
12,062
-
(12,062)
-
-
3,607
(3,607)
0
6,901
462
(7,574)
4,780
4,569
1,449
1,747
(42,196)
39,000
-
2,000
-
(2,000)
-
3,527
1,750
(3,020)
1,702
3,959
0
2,500
(2,500)
-
1,827
7,036
(6,939)
1,924
46
0
(46)
-
780 -
0
(780)
-
6,127 -
(6,127)
-
- -
(8,000)
8,000
-
- 15,000
(15,000)
-
- 5,000
(3,418)
1,582
- 6,400
(6,400)
-
- 6,100
(2,232)
3,868
2,500
-
(2,500)
-
937
-
(626)
311| |---|---| ||593
(593)
-| ||-
60,000
-
(60,000)
-| ||3,220
-
(3,220)
-| ||8,053
-
(2,095)
5,958| ||62,465
132,648
(157,703)
-
37,409| ||365,748
545,028
(557,119)
-
353,656| 20 ## St Swithun's Bournemouth ## known as LOVECHURCH ## **Notes to the Financial Statements for the Year Ended 31 December 2024** ## **18 Analysis of net assets between funds** |Tangible fixed assets
Current assets
Current liabilities
Creditors over 1 year
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Creditors over 1 year
Total net assets|**Unrestricted**
**funds**
**Restricted**
**Total funds at 31**
**December**
**General**
**£**
**funds**
**£**
**2024**
**£**
684,310
3,724
688,034
59,364
42,221
101,585
(75,591)
-
(75,591)
(340,571)
-
(340,571)| |---|---| ||327,512
45,945
373,457| ||**Unrestricted**
**funds**
**Restricted**
**Total funds at 31**
**December**
**General**
**£**
**funds**
**£**
**2023**
**£**
684,727
5,958
690,685
36,946
31,451
68,397
(48,844)
-
(48,844)
(356,582)
-
(356,582)| ||316,247
37,409
353,656| 21