``` REGISTERED CHARITY NUMBER: 1164766 ``` ``` Report of the Trustees and ``` ``` Unaudited Financial Statements ``` ``` for the Year Ended 31 December 2023 ``` ``` for ``` ``` Fleet Baptist Church ``` ``` A J Bennewith FCA, FCPA, FFA, FFTA, FIPA, DChA, FRSA Upper Ground Floor 18 Farnham Road Guildford Surrey GU1 4XA ``` ``` Fleet Baptist Church ``` ## **`Contents of the Financial Statements for the Year Ended 31 December 2023`** |||**`Page`**|| |---|---|---|---| |**`Report of the Trustees`**|`1`|`to`|`6`| |**`Independent Examiner's Report`**||`7`|| |**`Statement of Financial Activities`**||`8`|| |**`Balance Sheet`**||`9`|| |**`Notes to the Financial Statements`**|`10`|`to`|`17`| ``` Fleet Baptist Church ``` ## **`Report of the Trustees for the Year Ended 31 December 2023`** ``` Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31December2023. The trusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableinthe UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ``` ## **`OBJECTIVES AND ACTIVITIES`** ``` TheprincipalobjectiveoftheChurchistheadvancementoftheChristianfaithaccordingtotheprinciplesofthe Baptist denomination.TheChurchmayalsoadvanceeducationandcarryoutothercharitablepurposesintheUnited Kingdom and/or other parts of the world, including through gift and grant-making. ``` ``` The Trustees have consideredthe CharityCommission'sguidanceon publicbenefit and, in particular,the specific guidance oncharitiesfortheadvancementofreligion.Infulfillingtheaboveobjectives,theChurchwillengageinarange of activitieseitheronitsownorwithothersthatwillvaryfromtimetotimewithactivitiesbeinginitiated,expanded, or closed, as appropriate. These activities may include but are not restricted to: ``` - `-regular public worship, prayer, Bible study, teaching and training;` - `-baptism, as defined in the Baptist Union's Declaration of Principle;` - `-the Communion of the Lord's Supper which shall normally be observed at least once a month;` - `-evangelism and mission, locally, regionally, nationally and internationally;` - `-teaching, encouragement, welcome and inclusion of children & young people;` - `-the nurture and spiritual formation of Christian disciples;` - `-education and training for Christian and community service;` - `-giving and encouraging pastoral care;` - `-supporting and encouraging charitable social action in the United Kingdom and abroad;` - `-encouraging relationships with, and supporting, Baptists, other churches and Christians.` ``` To facilitate this work, it is important that we maintain the fabric of the Church buildings. ``` ``` TheTrusteeswouldliketothanktheEldersandallthevolunteerswhocontributeandworksohardtosupport the Church's activities and enable it to function. ``` ``` Page 1 ``` ``` Fleet Baptist Church ``` ## **`Report of the Trustees`** ## **`for the Year Ended 31 December 2023`** ## **`ACHIEVEMENT AND PERFORMANCE`** ``` As a Churchwe are lookingto nurtureand encourageindividualsin theirown spiritualand Christianformationand to see morepeoplecometofaithinJesusChrist.Also,being'lightandlove'inthecommunityisvitallyimportanttous, and togetherwe want to effectivelyserve the surroundingarea. 'LovingGod, LovingFleet' is not onlyan apt tag line for us but also a holy ambition. ``` ``` As of 31st December 2023, our membership was 125. During 2023 ``` - `*10 people were received into membership` - `*9 people were baptised over 4 baptism services` - `*1 person resigned` - `*7 people were removed due to attending other churches or moving away` ``` Lookingback, we identified2022 as a year where we experienceda fresh injectionof energy and momentum,especially in initiativessuchasToddlealong,Alpha,andFoodbank,butalsowithinourcorporategatherings.2023hasseena fruitful continuation of that momentum. ``` ``` AnAutumn23teachingseriescalled'ThisHouse'soughttocelebrate'whoweareandwhowearebecoming' and exploredthecorecharacteristicsandemergingcultureofFBC.Thishouseisahouseofwelcome;ofworship; of transformation;ofGod'spresence;ofprayer;andoftheprophetic.Thishousealsodesirestobelightinto our communities. These characteristics or distinctives are the underlying foundations of all we seek to do. ``` ``` Afewchosenhighlights!Alphasawseveralpeopleovertwoseparatecourseseitherfindfaith,findfriendships,orfind a home withus wherequestionsare welcomed.(Sometimes,theyfoundall three!)Some Alphaparticipantswere baptised, andsome becamechurchmembers.Toddlealongcontinuedto growinnumberandinappreciation,as did 'Powerhouse', our Sundayprogrammefor children.Otherministryareas withinFBC, such as Prayer,PastoralJourneying,Men's Ministry, WovenWomenandTeachingTeam,wereresourcedandreplenishedwithgiftedandequippedpeopleto undertake various responsibilities within each area. ``` ``` TherewasalsoanewintakeofadditionaleldersandtrusteesinSeptember2023,whichstrengthenedand diversified these two important teams in the life of the church and charity. ``` ``` Ourin-personSundaygatheringscontinuedtoenjoynewlifeandliveliness.Theywerewellattended,and many newcomersvisitedonaregularbasis.FAB(FamilyAll-InBreakfast)-ashorterSundayall-inservicewithbreakfastin the middle- continuedmonthlytoofferawonderfulopendoorforthosenewtochurchandprovidedagreatwayto foster conversationandbuildcommunity.Asalreadymentioned,ourtwice-yearlyAlphacourseshavemadea considerable impact with many participants now integrated into the church family. ``` ``` HartFoodbankcontinuedtoflourish.AsachurchwearedelightedtoworkalongsideHartFoodbankandprovide the venue-basethey need to engage with clients,offer storage space, utilise a kitchen,and installrefrigeration.The opening of FleetCommunityPantryinourrenovatedgarageatthebottomofthecarparkhasbeensuccessfulasasourceof food, advice,andeducationtohelppeoplehelpthemselves.Memberschoosefromawideselectionoffooditemsfora small fee. ``` ``` Otheractivitiesincluded'FreedomIn Christ'courses,a CAP Lifeskillscourse,a Newcomerslunch,a Church'BringN Share' Summermeal,andmonthly'KingdomCome'worship&prayereveningsalongsideourregulararrayofevents.We also benefittedfromguestspeakersincludingRachel&GordonHicksonandHelenAzerfrom'HeartcryForChange', Clive Corfield,PatrickButlerandrepresentativesfromCompassionandBridgesForPeace.Theyallbroughtinspiration and encouragement to us as well as key training in specific areas. ``` ``` Page 2 ``` ``` Fleet Baptist Church ``` ## **`Report of the Trustees for the Year Ended 31 December 2023`** ``` Itwouldberemissnottomentionthatthechurchfamilyexperiencedchallengesandheart-breakingmoments and situationsalongtheway.Theoutpouringoflovewastangibleatthosetimesandcreatedanevendeeperunity amongst us. ``` ``` Therewas alsoa continuationof networkingandfriendshipwithotherchurchesandministersin the areaand 'Christians Together'. ``` ``` TheChurchcontinuedtoencourageandsupportmembers'involvementinthelocalcommunity,andmanyserve as volunteersandtrusteesinotherlocalcharitiesandorganisations.TheseincludeFleetAngels,FleetBaptist Pre-School, Fleet Christmas events, Fleet Marathons and FACCTS, a charity working within the schools of Fleet and Church Crookham. ``` ``` TheChurchcontinuedtoconductsomeofitsactivitiesthroughgiftandgrant-making.Giftsandgrantsweremade to organisations operating overseas, nationally, and locally whose objectives reflect our own. ``` ``` We are excitedto serve the purposesof God andbe a partof the evolvingshapeandcultureof FBC. There is gratitude to Godfortheimmeasurablegraceandkindnessthatabundantlyresourcesandenvisionsus.Wearealsohumbledby the love and generous service of our church family. ``` ## **`FINANCIAL REVIEW`** ## **`Financial position`** ``` TheChurch'saccountsfortheyearended31December2023aresetoutonpages8 to17.TheChurch'smainsource of incomeis offeringsanddonationsfrommembersandattendeesandtheassociatedgiftaidclaims.Expenditureover the yearhassupportedtheactivitiesofthechurchbysupportingstaff,providingforministries,maintainingproperty, and making gifts and grants. ``` ``` Unrestrictedincomedecreasedby8.6%to£176,950(2022:£193,615).Althoughdonationsarevirtuallyunchanged and bankinterestincreasedbyapproximately£3,000,incomefromothersourcesincludingGiftAidandChurch premises rentalsdecreased,the latterowingto changesin staff and theircircumstances.Fluctuationsin membershipand in Sunday meetingattendanceobviouslyhasaneffectupontithesandofferings,andonceagain,wecannotunderestimate the changesand uncertaintyin the wider economyupon people'sown financialpositions,includingthe abilityto Gift Aid their donations. ``` ``` Unrestrictedexpenditureincreasedby 9.1% to £200,469(2022: £183,603).Althoughstaff changesresultedin a decrease of approximately£11,000instaffcosts,feesincreasedbyapproximatelythesameamount.Maintenanceand equipment rosebyapproximately£9,600to£20,600,mainlyowingtothechurchchairsbeingreplaced.Unrestricted charitable donations also increased by approximately £5,600. ``` ``` Afterthis,theChurch'sactivitiesin2023ledtoanexcessofresourcesexpendedoverincomingresourcesof £22,746, being a deficit of £23,519 on unrestricted funds and a surplus of £773 on restricted funds. ``` ``` Page 3 ``` ``` Fleet Baptist Church ``` ## **`Report of the Trustees for the Year Ended 31 December 2023`** ## **`FINANCIAL REVIEW`** ## **`Reserves policy`** ``` TheChurch'spolicyonreservesisthatUnrestrictedfundsareneededtoprovideprotectionagainst,andtheability to continueoperatingdespiteeventssuchasa suddenlossofincomeortheneedtodesignatefundstospecificprojects or itemsofexpenditureatshortnotice.ThemajorityoftheChurch'sfundsareintheformofthepropertythatituses to carryoutitscharitableactivities(theChurchbuildingsandtheManse),socouldnotbeusedinpracticein such circumstances. Therefore, this policy focuses on the reserves that are represented by cash. ``` ``` Muchof the Church'sexpenditureis fixedor semi-fixedin nature,mainlybeingpremises-relatedor staffcosts. Charitable gifts and donationsare not fixed in naturebut,for relationshipreasons,suspensionof these by the Churchat short notice would only be consideredin extreme circumstances.The Church'sincome comes primarilyfrom collectionsand donations fromChurchMembersandtheassociatedGiftAid.Whilstthereisnorelianceonadominantlocalemployer,the risk exists of small number of significant donors suffering a dramatic fall in their income or moving away. ``` ``` The Trusteesbelievethatthe minimumlevel of unrestrictedcash reservesshouldbe sufficientto allowfor expenditure to bereducedgraduallyover18monthsfollowingasustainedreductionofincometo25%belowtheexpenditure budget. This 18-monthperiodwouldcomprise6 monthsof review followedby 12 monthsof gradualcost reductionandas such a reserve of 25% of the annual expenditure budget would be required. ``` ``` On 31 December 2023 unrestrictedcash reserves were £215,694(31 December 2022: £160,149),well above the budgeted reservespolicyfigureof £48,553.Reasonsforthe increaseincludethe receiptof GiftAidclaimsamountsforthreeyears . For the 2024 Budget the reserves policy figure is £48,168. ``` ## **`FUTURE PLANS`** ``` We are excited at the evolvingcultureof FBC and particularlythe amountof people impactedby the churchcommunity in all of ourvariedeventsandexpressions.The momentumof missionandministryis definitelyincreasingandwill continue togainevenmoretraction.WeexpectagrowthanddiversificationinattendanceonSundaysandinour mid-week activitiesaswewelcomemoreregularnewcomersandmembers.Wehopeandprayforacontinuationoffruitful Alpha courses,vibrantcollectiveworshipandan expansionof involvementfrom members.Ourrecentintroductionof relational hubs known as 'Connect Groups' will help build friendships and deepen faith. ``` ``` Ourreachwithinthe communitywillcontinueto expanddue to ongoingdevelopmentswithinFoodbank,the Community PantryandToddlealong.CurrentdiscussionstobecomeaCAPDebtCentre,whichwillmaterialisein2024,isa very excitinginitiativeandcentraltobeingafront-facingchurch.Seeinganincreaseinnewfamiliesjoiningushas already generatedtheneedforustoprioritiseourdeliveryofgroupsandactivitiesforchildrenandyoungpeople.Our monthly FAB Sunday is part of this delivery, and the aim of employing a part-time children and families worker is still active. ``` ``` Beinganoutward-facingchurch- immersedwithincommunityandinfusedwithGod'sloveandgrace- continuestobe a majorvaluealongsideprayer&corporateworship,teachingandapplicationoftheWordofGod,and'being' family together. ``` ``` Page 4 ``` ``` Fleet Baptist Church ``` ## **`Report of the Trustees for the Year Ended 31 December 2023`** ## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`** ``` Fleet BaptistChurch("the Church")is a CharitableIncorporatedOrganisationgovernedby the constitutionadoptedon 10 September2015.On 9 December2015,the Churchregisteredwith the CharityCommission,receivingthe charity number 1164766. ``` ``` The custodiantrusteeof the Churchis the BaptistUnionCorporationLimited,whichis charitynumber249635and which is controlled by the Baptist Union Council. ``` ``` TrusteesareappointedbytheChurchMembers'MeetingtoberesponsibleforthegovernanceoftheChurchand the fulfilmentofitsobjectivesthroughitsactivities.Onappointment,Trusteesareprovidedwithcopiesofthe constitution andtheBaptistUnionCorporationLimitedGuidelineLeafletC15:HelpI'maCharityTrustee,aswellascopiesof recent LeadershipTeammeetingminutesandfinancialreports.Trustees,withtheexceptionoftheSeniorPastor,receive no financial benefit for their trustee service. ``` ``` The Trusteesaim to meet bi-monthlyto prayerfullyreviewprogressagainstobjectives,to discernGod'swillinrelation to the Church'sobjectivesand activitiesand to exercise governance.They delegateday to day operationof Church activities to the Pastors,Eldersand volunteersappointedto lead variousministries.ChurchMembers' Meetingsare held at regular intervals(at leastfourtimes a year)to worship,to discernGod'swillin relationto proposalsbroughtby the Trustees and Eldersand to prayerfullyconsidermattersin the life of the Church,such as the budget,financialreports,membership and general church activities. ``` ``` TheChurchisamemberoftheBaptistUnionofGreatBritain,theSouth-EasternBaptistAssociationandthe Evangelical Alliance. ``` ``` TheTrusteeshavereviewedthemajorrisksthattheChurchisexposedtoandsystemsandprocedureshave been established to manage those risks. ``` ## **`REFERENCE AND ADMINISTRATIVE DETAILS`** ## **`Registered Charity number`** ``` 1164766 ``` ## **`Principal address`** ``` 115 Clarence Road Fleet Hampshire GU51 3RS ``` ## **`Trustees`** ``` Mrs Y Mandiki (resigned 1.10.23) Ms S Rinaldi Treasurer M J Lewis M Corr (appointed 1.10.23) B Gillman (appointed 1.10.23) ``` ## **`Senior Staff member`** ``` The position of Senior Pastor was vacant throughout the year. ``` ``` Page 5 ``` ``` Fleet Baptist Church ``` ## **`Report of the Trustees for the Year Ended 31 December 2023`** ## **`REFERENCE AND ADMINISTRATIVE DETAILS`** ## **`Independent Examiner`** ``` A J Bennewith FCA, FCPA, FFA, FFTA, FIPA, DChA, FRSA Upper Ground Floor 18 Farnham Road Guildford Surrey GU1 4XA ``` ## **`Solicitors`** ``` Anthony Collins Solicitors LLP 134 Edmund Street Birmingham B3 2ES ``` ## **`Primary Banker`** ``` CAF Bank Ltd 25 Kings Hill Ave West Malling Kent ME19 4QJ ``` ## **`Custodian Trustees`** ``` The custodiantrusteeof the Churchis the BaptistUnionCorporationLimited,whichis charitynumber249635and which is controlled by the Baptist Union Council. ``` ``` Approved by order of the board of trustees on 29 October 2024 and signed on its behalf by: ``` ``` M J Lewis - Trustee ``` ``` Page 6 ``` ## **`Independent Examiner's Report to the Trustees of`** ## **`Fleet Baptist Church`** ## **`Independent examiner's report to the trustees of Fleet Baptist Church`** ``` I reporttothecharitytrusteesonmy examinationoftheaccountsofFleetBaptistChurch(theTrust)fortheyear ended 31 December 2023. ``` ## **`Responsibilities and basis of report`** ``` AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewith the requirements of the Charities Act 2011 ('the Act'). ``` ``` I reportin respectof my examinationof the Trust'saccountscarriedoutunderSection145 of the Act andin carrying out myexaminationI havefollowedallapplicableDirectionsgivenbytheCharityCommissionunderSection145(5)(b)of the Act. ``` ## **`Independent examiner's statement`** ``` I havecompletedmyexamination.I confirmthatnomaterialmattershavecometomyattentioninconnectionwith the examination giving me cause to believe that in any material respect: ``` `1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or` `2. the accounts do not accord with those records; or` `3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.` ``` I have no concernsand have come acrossno othermattersin connectionwith the examinationto whichattention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ``` ``` ....................................................... ``` ``` A J Bennewith FCA, FCPA, FFA, FFTA, FIPA, DChA, FRSA Upper Ground Floor 18 Farnham Road Guildford Surrey GU1 4XA ``` ``` 30 October 2024 ``` ``` Page 7 ``` ``` Fleet Baptist Church ``` ## **`Statement of Financial Activities`** ## **`for the Year Ended 31 December 2023`** |`Unrestricted`
`fund`
`Notes`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`2`
`163,131`
`Other trading activities`
`3`
`9,650`
`Investment income`
`4`
`3,969`
`Other income`
`5`
`200`
**`Total`**
`176,950`
**`EXPENDITURE ON`**
**`Charitable activities`**
`6`
`Ministry`
`105,987`
`Establishment`
`63,227`
`Mission and Events`
`31,255`
**`Total`**
`200,469`
**`NET INCOME/(EXPENDITURE)`**
`(23,519)`
**`Transfers between funds`**
`15`
`3,588`
**`Other recognised gains/(losses)`**
`Actuarial gains on defined benefit schemes`
`-`
**`Net movement in funds`**
`(19,931)`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`660,225`
**`TOTAL FUNDS CARRIED FORWARD`**
`640,294`|`Restricted`
`funds`
`£`
`6,420`
`-`
`-`
`-`
`6,420`
`1,027`
`500`
`4,120`
`5,647`
`773`
`(3,588)`
`-`
`(2,815)`
`7,905`
`5,090`|`31.12.23`
`31.12.22`
`Total`
`Total`
`funds`
`funds`
`£`
`£`
`169,551`
`177,298`
`9,650`
`14,600`
`3,969`
`957`
`200`
`780`
`183,370`
`193,635`
`107,014`
`103,413`
`63,727`
`53,695`
`35,375`
`26,577`
`206,116`
`183,685`
`(22,746)`
`9,950`
`-`
`-`
`-`
`21,150`
`(22,746)`
`31,100`
`668,130`
`637,030`
`645,384`
`668,130`|`31.12.23`
`31.12.22`
`Total`
`Total`
`funds`
`funds`
`£`
`£`
`169,551`
`177,298`
`9,650`
`14,600`
`3,969`
`957`
`200`
`780`
`183,370`
`193,635`
`107,014`
`103,413`
`63,727`
`53,695`
`35,375`
`26,577`
`206,116`
`183,685`
`(22,746)`
`9,950`
`-`
`-`
`-`
`21,150`
`(22,746)`
`31,100`
`668,130`
`637,030`
`645,384`
`668,130`| |---|---|---|---| ||||`193,635`| ||||`103,413`
`53,695`
`26,577`| ||||`183,685`| ||||`9,950`
`-`
`21,150`| ||||`31,100`
`637,030`| ||||`668,130`| ``` The notes form part of these financial statements ``` ``` Page 8 ``` ``` Fleet Baptist Church ``` ## **`Balance Sheet`** ## **`31 December 2023`** |`Notes`
**`FIXED ASSETS`**
`Tangible assets`
`11`
**`CURRENT ASSETS`**
`Debtors`
`12`
`Cash at bank`
`13`
**`CREDITORS`**
`Amounts falling due within one year`
`14`
**`NET CURRENT ASSETS`**
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`NET ASSETS`**
**`FUNDS`**
`15`
`Unrestricted funds`
`Restricted funds`
**`TOTAL FUNDS`**|`Unrestricted`
`fund`
`£`
`400,949`
`27,769`
`215,694`
`243,463`
`(4,118)`
`239,345`
`640,294`
`640,294`|`Restricted`
`funds`
`£`
`1,500`
`-`
`3,590`
`3,590`
`-`
`3,590`
`5,090`
`5,090`|`31.12.23`
`Total`
`funds`
`£`
`402,449`
`27,769`
`219,284`
`247,053`
`(4,118)`
`242,935`
`645,384`
`645,384`
`640,294`
`5,090`
`645,384`|`31.12.22`
`Total`
`funds`
`£`
`429,717`
`77,100`
`168,054`| |---|---|---|---|---| |||||`245,154`
`(6,741)`| |||||`238,413`| |||||`668,130`| |||||`668,130`| |||||`660,225`
`7,905`| |||||`668,130`| ``` The financialstatementswere approvedbytheBoardof Trusteesandauthorisedforissueon29 October2024and were signed on its behalf by: ``` ``` M J Lewis - Trustee ``` ``` S Rinaldi - Trustee ``` ``` The notes form part of these financial statements ``` ``` Page 9 ``` ``` Fleet Baptist Church ``` ``` Notes to the Financial Statements for the Year Ended 31 December 2023 ``` ## **`1. ACCOUNTING POLICIES`** ## **`Basis of preparing the financial statements`** ``` Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,havebeenprepared in accordancewith the CharitiesSORP (FRS 102) 'Accountingand Reportingby Charities:Statementof Recommended PracticeapplicabletocharitiespreparingtheaccountsinaccordancewiththeFinancialReporting Standard applicablein the UK and Republicof Ireland(FRS 102) (effective1 January2015), FinancialReportingStandard 102 'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland'andtheCharitiesAct2011. The accounts have been prepared under the historical cost convention. ``` ## **`Offerings, donations, and tax refunds`** ``` Offeringsand donationsare accountedfor gross when received.The associatedtax refunds are accountedfor on a receivable basis in line with the offering or donation. ``` ## **`Legacies`** ``` Legacies are accounted for when their receipt is certain and can be properly quantified. ``` ## **`Investment income`** ``` Investment income is included in the accounts in the year in which it is receivable. ``` ## **`Fund raising and publicity costs`** ``` Expenditure on these items is not material. ``` ## **`Fixed assets`** ``` Tangiblefixedassetsforuse bytheChurcharecapitalisedif theycanbe usedformorethanoneyearandcost at least £250. ``` ``` The freeholdlandandbuildingsandothermajorassetspurchasedpriorto 1 January1997were recognisedin the balance sheet at their transfer value from the previous charity. ``` ## **`Depreciation`** ``` Depreciationis providedon all tangiblefixed assets, except freeholdland,at rates calculatedto write off their cost or valuation, less estimated residual value, of each asset over its expected useful life. ``` |`Freehold buildings transferred from previous charity`|`- over 31 years`| |---|---| |`Freehold buildings`|`- over 50 years`| |`Furniture and fittings`|`- 2-4 years straight line`| |`Equipment`|`- 2-4 years straight line`| ## **`Taxation`** ``` The charity is exempt from tax on its charitable activities. ``` ## **`Fund accounting`** ``` Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. ``` ``` Restrictedfundscanonlybe usedforparticularrestrictedpurposeswithinthe objectsof the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. ``` ``` Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ``` ``` continued... ``` ``` Page 10 ``` ``` Fleet Baptist Church ``` ## **`Notes to the Financial Statements - continued`** ## **`for the Year Ended 31 December 2023`** ## **`1. ACCOUNTING POLICIES - continued`** ## **`Pension costs and other post-retirement benefits`** ``` ThechurchparticipatesinapensionschemeknownastheBaptistPensionScheme.Deficitcontributionsto the definedbenefitelementoftheBaptistPensionSchemearechargedtotheStatementofFinancialActivities as futureliabilities.ContributionstothedefinedcontributionelementarechargedtotheStatementof Financial Activitiesintheyeartowhichtheyrelate.Furtherdetailsof theschemeareincludedinthenotesof the financial statements. ``` ## **`2. DONATIONS AND LEGACIES`** |`Donations`
`Gift aid`
**`3.`**
**`OTHER TRADING ACTIVITIES`**
`Church premises lettings and manse rent`
**`4.`**
**`INVESTMENT INCOME`**
`Interest on bank and building society accounts`
**`5.`**
**`OTHER INCOME`**
`Gain on sale of tangible fixed assets`|`31.12.23`
`£`
`144,405`
`25,146`
`169,551`
`31.12.23`
`£`
`9,650`
`31.12.23`
`£`
`3,969`
`31.12.23`
`£`
`200`|`31.12.22`
`£`
`144,100`
`33,198`| |---|---|---| |||`177,298`| |||`31.12.22`
`£`
`14,600`
`31.12.22`
`£`
`957`
`31.12.22`
`£`
`780`| ``` continued... ``` ``` Page 11 ``` ``` Fleet Baptist Church ``` ## **`Notes to the Financial Statements - continued`** ## **`for the Year Ended 31 December 2023`** ## **`6. CHARITIES ACTIVITIES COSTS`** |**`CHARITIES ACTIVITIES COSTS`**|| |---|---| |`Ministry`
`Establishment`
`Mission and Events`|`Direct`
`Costs`
`£`
`107,014`
`63,727`
`35,375`| ||`206,116`| |`Mission and events includes the following Gifts and Grants payable:`|`Mission and events includes the following Gifts and Grants payable:`|`Mission and events includes the following Gifts and Grants payable:`||| |---|---|---|---|---| ||**`2023`**|**`2023`**|**`2023`**|**`2022`**| ||**`Unrestricted`**|**`Restricted`**|**`Total`**|**`Total`**| ||`£`|`£`|`£`|`£`| |**`Gifts and grants payable`**||||| |`Grants to people`|`825`|`4,120`|`4,945`|`500`| |`Baptist Missionary Society`|`11,333`|`-`|`11,333`|`9,998`| |`Wycliffe`|`2,375`|`-`|`2,375`|`2,000`| |`Fleet and Crookham Churches`
`Together in Schools (FACCTS)`|`5,500`|`-`|`5,500`|`4,500`| |`Compassion UK`|`2,000`|`-`|`2.000`|`1,000`| |`Open Doors`|`2,200`|`-`|`2,200`|`1,800`| |`Other*`|`1,915`|`-`|`1,915`|`2,228`| |`FBC Pre-School`|`3,500`|`-`|`3,500`|`2,020`| |||||| ||`29,648`|`4,120`|`33,768`|`28,089`| |||||| ``` *Includes leaving collections, gifts to speakers and other small donations. ``` ## **`7. TRUSTEES' REMUNERATION AND BENEFITS`** ``` There were no trustees' remuneration or benefits for the year (2022: none). ``` ## **`Trustees' expenses`** ``` Therewerenotrustees'expensespaidfortheyearended31December2023norfortheyear ended 31 December 2022. ``` ``` continued... ``` ``` Page 12 ``` ``` Fleet Baptist Church ``` ## **`Notes to the Financial Statements - continued`** ## **`for the Year Ended 31 December 2023`** ## **`8. STAFF COSTS`** |**`8.`**|**`STAFF COSTS`**||||| |---|---|---|---|---|---| ||||`31.12.23`||`31.12.22`| ||||`£`||`£`| ||`Wages and salaries`||`48,534`||`58,000`| ||`Social security costs`||`784`||`1,391`| ||`Other pension costs`||`2,245`||`3,344`| ||||`51,563`||`62,735`| ||`The average monthly number of employees during the year was as`|`follows:`|||| ||||`31.12.23`||`31.12.22`| ||`Associate Pastor`||`1`||`2`| ||`No employees received emoluments in excess of £60,000.`||||| |**`9.`**|**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**||||| |||`Unrestricted`|`Restricted`||`Total`| |||`fund`|`funds`||`funds`| |||`£`|`£`||`£`| ||**`INCOME AND ENDOWMENTS FROM`**||||| ||`Donations and legacies`|`177,278`|`20`||`177,298`| ||`Other trading activities`|`14,600`||`-`|`14,600`| ||`Investment income`|`957`||`-`|`957`| ||`Other income`|`780`||`-`|`780`| ||**`Total`**|`193,615`|`20`||`193,635`| ||**`EXPENDITURE ON`**||||| ||**`Charitable activities`**||||| ||`Ministry`|`103,413`||`-`|`103,413`| ||`Establishment`|`53,695`||`-`|`53,695`| ||`Mission and Events`|`26,495`|`82`||`26,577`| ||**`Total`**|`183,603`|`82`||`183,685`| ||**`NET INCOME/(EXPENDITURE)`**|`10,012`|`(62)`||`9,950`| ||**`Other recognised gains/(losses)`**||||| ||`Actuarial gains on defined benefit schemes`|`21,150`||`-`|`21,150`| ||**`Net movement in funds`**|`31,162`|`(62)`||`31,100`| ||**`RECONCILIATION OF FUNDS`**||||| ||`Total funds brought forward`|`629,063`|`7,967`||`637,030`| ``` continued... ``` ``` Page 13 ``` ``` Fleet Baptist Church ``` ## **`Notes to the Financial Statements - continued`** ## **`for the Year Ended 31 December 2023`** ## **`9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued`** |`Unrestricted`
`Restricted`
`Total`
`fund`
`funds`
`funds`
`£`
`£`
`£`
**`TOTAL FUNDS CARRIED FORWARD`**
`660,225`
`7,905`
`668,130`
**`10.`**
**`NET MOVEMENT IN FUNDS`**
**`2023`**
**`2022`**
`£`
`£`
`The net movement in funds is stated after charging:`
`Independent Examiner's Remuneration`
`3,300`
`3,300`
`Independent Examiner's fees for bookkeeping`
`and accountancy services`
`3,840`
`3,840`
`Depreciation: owned assets`
`31,097`
`31,271`
**`11.`**
**`TANGIBLE FIXED ASSETS`**|`Unrestricted`
`Restricted`
`Total`
`fund`
`funds`
`funds`
`£`
`£`
`£`
**`TOTAL FUNDS CARRIED FORWARD`**
`660,225`
`7,905`
`668,130`
**`10.`**
**`NET MOVEMENT IN FUNDS`**
**`2023`**
**`2022`**
`£`
`£`
`The net movement in funds is stated after charging:`
`Independent Examiner's Remuneration`
`3,300`
`3,300`
`Independent Examiner's fees for bookkeeping`
`and accountancy services`
`3,840`
`3,840`
`Depreciation: owned assets`
`31,097`
`31,271`
**`11.`**
**`TANGIBLE FIXED ASSETS`**|`Restricted`
`funds`
`£`
`7,905`|`Total`
`funds`
`£`| |---|---|---|---| ||||`668,130`| ||||| ||**`2023`**
**`2022`**||| ||`£`
`£`||| ||||| ||`3,300`
`3,300`||| ||||| ||`3,840`
`3,840`||| ||`31,097`
`31,271`||| ||||| |**`COST`**
`At 1 January 2023`
`Additions`
`Disposals`
`At 31 December 2023`
**`DEPRECIATION`**
`At 1 January 2023`
`Charge for year`
`Eliminated on disposal`
`At 31 December 2023`
**`NET BOOK VALUE`**
`At 31 December 2023`
`At 31 December 2022`|`Freehold`
`property`
`£`
`462,150`
`-`
`-`
`462,150`
`68,807`
`10,070`
`-`
`78,877`
`383,273`
`393,343`|`Fixtures`
`and`
`fittings`
`Equipment`
`£`
`£`
`76,819`
`43,482`
`768`
`3,061`
`-`
`(999)`
`77,587`
`45,544`
`43,673`
`40,254`
`18,688`
`2,339`
`-`
`(999)`
`62,361`
`41,594`
`15,226`
`3,950`
`33,146`
`3,228`|`Totals`
`£`
`582,451`
`3,829`
`(999)`
`585,281`
`152,734`
`31,097`
`(999)`
`182,832`
`402,449`
`429,717`| |---|---|---|---| ``` FreeholdPropertycomprisestheChurchpremisesandtheManse.ThenetbookvalueoftheChurchpremises at 31 December 2023 was £282,371(2022: £290,243)and the net book value of the Manse at 31 December 2023 was £100,902 (2022: £103,100). ``` ``` Equipment includes sound and other equipment. ``` ``` continued... ``` ``` Page 14 ``` ``` Fleet Baptist Church ``` ## **`Notes to the Financial Statements - continued`** ## **`for the Year Ended 31 December 2023`** |**`12.`**
**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Interest Receivable`
`Gift Aid Receivable`
`Prepayments`
**`13.`**
**`CASH AT BANK`**
`Church:`
`-CAF cash account`
`-CAF gold account`
`-Office expenses account (CAF)`
`-The Family Building Society`
**`14.`**
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Other creditors`
**`15.`**
**`MOVEMENT IN FUNDS`**
`Net`
`movement`
`At 1.1.23`
`in funds`
`£`
`£`
**`Unrestricted funds`**
`General fund`
`660,225`
`(23,519)`
**`Restricted funds`**
`Charity Fund`
`4,269`
`-`
`Emmanuel Fund`
`497`
`-`
`Toddle Along`
`3,139`
`(727)`
`Fixed Asset Fund`
`-`
`1,500`
`7,905`
`773`
**`TOTAL FUNDS`**
`668,130`
`(22,746)`||`31.12.23`
`£`
`1,897`
`25,146`
`726`
`27,769`|`31.12.23`
`£`
`1,897`
`25,146`
`726`
`27,769`||`31.12.22`
`£`
`589`
`75,816`
`695`
`77,100`|`31.12.22`
`£`
`589`
`75,816`
`695`
`77,100`| |---|---|---|---|---|---|---| ||||**`2023`**|||**`2022`**| ||||`£`|||`£`| |||||||| ||||`23,685`|||`17,841`| |||`115,467`||||`70,517`| |||`477`||||`683`| |||`79,654`||||`79,012`| |||||||| |||||||| |||`219,283`|||`168,053`|| |||||||| |||`31.12.23`
`£`
`4,118`
`Transfers`
`between`
`funds`
`£`
`3,588`
`(3,588)`
`-`
`-`
`-`
`(3,588)`
`-`|||`31.12.22`
`£`
`6,741`
`At`
`31.12.23`
`£`
`640,294`
`681`
`497`
`2,412`
`1,500`
`5,090`
`645,384`|| ``` continued... ``` ``` Page 15 ``` ``` Fleet Baptist Church ``` ## **`Notes to the Financial Statements - continued for the Year Ended 31 December 2023`** ## **`15. MOVEMENT IN FUNDS - continued`** ``` Net movement in funds, included in the above are as follows: ``` |**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Charity Fund`
`Toddle Along`
`Fixed Asset Fund`
**`TOTAL FUNDS`**
**`Comparatives for movement in funds`**
**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Charity Fund`
`Emmanuel Fund`
`Toddle Along`
**`TOTAL FUNDS`**|`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
`176,950`
`(200,469)`
`(23,519)`
`4,420`
`(4,420)`
`-`
`-`
`(727)`
`(727)`
`2,000`
`(500)`
`1,500`
`6,420`
`(5,647)`
`773`
`183,370`
`(206,116)`
`(22,746)`
`Net`
`movement`
`At`
`At 1.1.22`
`in funds`
`31.12.22`
`£`
`£`
`£`
`629,063`
`31,162`
`660,225`
`4,249`
`20`
`4,269`
`497`
`-`
`497`
`3,221`
`(82)`
`3,139`
`7,967`
`(62)`
`7,905`
`637,030`
`31,100`
`668,130`| |---|---| ``` continued... ``` ``` Page 16 ``` ``` Fleet Baptist Church ``` ## **`Notes to the Financial Statements - continued`** ## **`for the Year Ended 31 December 2023`** ## **`15. MOVEMENT IN FUNDS - continued`** ``` Comparative net movement in funds, included in the above are as follows: ``` |**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Charity Fund`
`Toddle Along`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`193,615`
`20`
`-`
`20`
`193,635`|`Resources`
`expended`
`£`
`(183,603)`
`-`
`(82)`
`(82)`
`(183,685)`|`Gains and`
`Movement`
`losses`
`in funds`
`£`
`£`
`21,150`
`31,162`
`-`
`20`
`-`
`(82)`
`-`
`(62)`
`21,150`
`31,100`| |---|---|---|---| ``` The Charityfund is for restrictedfundsreceived and then paid out for their specificpurposes.The Emmanuel Fund isusedtoblessthoseknowntoFleetBaptistChurchwhoareunabletomeettheirimmediatematerial needs. ToddleAlongisanorganisationthatoperateswithinFleetBaptistChurch.TheFixedAssetFundrelatesto a donation received towards a piece of equipment and the associated depreciation. ``` ## **`16. RELATED PARTY DISCLOSURES`** ``` The custodiantrusteeof the Churchis the BaptistUnionCorporationLimited,which is charitynumber249635 and which is controlledby the BaptistUnion Council.The Churchis also a member of the BaptistUnion of Great Britain and the South Eastern Baptist Association. ``` ``` Asaresultofrealistictimemonitoringandamultiplicationoftasksandresponsibilitieswithinchanging staff structuresandscenarios,MsSueRinaldi,atrustee,waspaid£24,800forherresponsibilitiesasWorship Pastor, alongsideotheradministrativeandgeneralduties.(2022:£14,050forworshipleading,administrativeand other duties). ``` ``` There were no related party expenses during the years ended 31 December 2023 or 31 December 2022. ``` ``` In 2023, the Trustees made total unrestricted donations of £12,500 to the Church (2022: £13,600). ``` ``` Page 17 ```