```
REGISTERED CHARITY NUMBER: 1167497
```
```
Report of the Trustees and
```
```
Unaudited Financial Statements
for the Year Ended 31 March 2021
```
```
for
```
```
Binscombe Evangelical Church
```
```
A J Bennewith FCA, FCPA, FFA, FFTA,
FIPA, DChA, FRSA
```
```
3 Wey Court
Mary Road
Guildford
Surrey
GU1 4QU
```
```
Binscombe Evangelical Church
```
## **`Contents of the Financial Statements for the Year Ended 31 March 2021`**
||**`Page`**|
|---|---|
|**`Report of the Trustees`**|`1 to 3`|
|**`Independent Examiner's Report`**|`4`|
|**`Statement of Financial Activities`**|`5`|
|**`Balance Sheet`**|`6`|
|**`Notes to the Financial Statements`**|`7 to 14`|
```
Binscombe Evangelical Church
```
## **`Report of the Trustees for the Year Ended 31 March 2021`**
```
Thetrusteespresenttheirreportwiththefinancialstatementsof thecharityfortheyearended31 March2021. The
trusteeshaveadoptedthe provisionsof AccountingandReportingby Charities:Statementof Recommended Practice
applicableto charitiespreparingtheiraccountsin accordancewiththe FinancialReportingStandardapplicablein the
UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
```
Ourchurchobjectives(asperthoselistedagainstourcharitablestatusregistration)aretheadvancementof the
Christian faith primarily but not exclusively within Godalming and the surrounding neighbourhood and such other
charitable purposes as shall, in the opinion of the charity trustees, further the work of the Church.
```
```
The organisationis a church.Its mainaims are to introducepeopleto the loveof GodshownthroughJesus Christ, to
encouragethose who alreadyknow God's love to keep trustingin it and to demonstrateGod's love in practicalacts of
kindness. The church has run the following activities to achieve these objectives:
```
- `Bible teaching and corporate worship at Sunday services.`
- `Midweek Bible studies.`
- `Providing pastoral care and support to those who come to church.`
- `Holding regular prayer meetings.`
- `Running a Toddler Group, Children's groups, a Women's Fellowship group, and coffee mornings for church members and the local community with opportunities to explore the Christian faith.`
- `Various other events designed to introduce people to the Christian faith and the church community.`
- `Teaching of new and seasoned Christians how to grow in their faith and put their faith into practice in their day-to- day lives.`
```
Whilsttheobjectivesofthechurchremainedunchanged,itsactivitiesintheyearto31stMarch2021 were
significantly impacted by Covid-19 pandemic. More detail is provided under the next section.
```
```
Page 1
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Binscombe Evangelical Church
```
## **`Report of the Trustees for the Year Ended 31 March 2021`**
## **`ACHIEVEMENT AND PERFORMANCE`**
```
The achievements of the church (including the impact of Covid19) during the period include:
```
- `Continued Sunday ministry teaching with follow up discussion in our term-time midweek Life Groups. Sunday worship meetings moved to being streamed online during national lockdowns. During periods when restrictions eased the church reopened, operating within Government guidance, to allow in-person attendance to socially distanced communal worship across two Sunday morning services; one of these meetings was still streamed online to enable those who did not feel comfortable attending in person to continue to benefit. Midweek Bible studies were held online throughout the year.`
- `Thematic mid-week online streamed meetings covering topical issues such as 'Coping with fear and anxiety', 'God and Coronavirus' and 'Hope in the face of death'.`
- `Running online prayer meetings and a 'Big Pray' meeting.`
- `Whilst unable to meet in person, continued support to those who are part of our Women's fellowship.`
- `- In order to allow singing, an outside 'Carpark Carol service'. This was well received by the community. We also delivered Christmas goody bags to local homes to cheer and offer support.`
- `Continuation of our work with children including: oChildren's groups that moved to pre-recorded content or online meetings during lockdowns. As Government guidance allowed, children's groups were run in 'bubbles' . o A Messy Church trail around the community o A Holiday Bible Club afternoon for Year 6 children in October o A 'Star Trail' at Christmas, with different members of the church family putting up a Nativity scene in their windows, for people to walk round the community and find. o Craft and Christmas goody bags. o At the end of this period, we ran the first two of a series of family, outdoor carpark services`
- `- Whilst our toddlers' group was unable to meeting in person, we maintained contact and posted some short videos for the children with songs, a Bible story, and a craft suggestion. We also visited every household at Christmas time.`
- `A Church Weekend held online with Bible teaching in the mornings followed by online lunch and activities in the afternoons.`
- `Social activities were arranged online, including craft events and a quiz. We also ran an online ladies' retreat.`
- `Specific activities in response to the Covid-19 pandemic, including pastoral care operated within Government guidance. During the first national lockdown we delivered leaflets to 900 homes in our community to offer support as needed. As a result, we were able to help a number in ways such as shopping for or visiting people.`
- `Our premises was used as a drop off point for a local foodbank.`
- `Continued support of our mission partners in the UK and around the world both financially and in prayer.`
## **`FINANCIAL REVIEW`**
```
Financiallythe churchcontinuedto be well supportedthroughthe committedgivingof its members. This has enabled
thechurchtocontinuetosupportitspaidemployees,whilstmaintainingthechurchbuildings.Thechurch also
financiallysupportsanumberofotherChristianorganisationsandactivities,bothintheUKandoverseas. The
Covid-19pandemichad little effect on generalgivingto the churchbut did reduce activitiesand expenditure, resulting
inasurplusongeneralactivitiesofover£3,500,thusmaintainingthefinancialhealthofthechurch.Thechurch did
not access any Covid-19 Government financial support.
```
```
Followingthegrantingofplanningpermissiontobuildanewchurchpremises,thechurchhascontinuedwith fund
raisingwiththeobjectiveofraising£1.7m.Withmoneyreceivedandfurthermoneypledgedourtotalattheend of
the financial year was over £1.2m, almost 71% of the way to the total.
```
```
Page 2
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```
Binscombe Evangelical Church
```
## **`Report of the Trustees for the Year Ended 31 March 2021`**
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
```
The churchis a CharitableIncorporatedOrganisation(charitynumber1167497),this havingbeen registeredon 6 June
2016 and replacing a Charitable Unincorporated Organisation of the same name.
```
```
Thechurchisopentoalltoattend.Itisself-governedbyitsmembership.Memberselectandappointa leadership
team. This currentlycomprisesof a fulltimepaidchurchleader('pastor'),and a co-leader('elder').The churchhas two
furtherpaidstaff,a'Children'sandYouth'workeranda'Women'sandFamilies'worker.Thechurchhas a
managementteamofteamleaders('deacons')forvariousareasofchurchlife.Itstrusteesarethepastor,elders and
thedeacons(includingtreasurer).Daytodayleadershipandmanagementof thechurchis carriedoutbythe pastor,
elderanddeacons,andreportedbackto the churchthroughregularchurchmeetings.Churchmeetingsare also used
to vote on significant decisions.
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number`**
```
1167497
```
## **`Principal address`**
```
Barnes Road
Godalming
Surrey
GU7 3RF
```
## **`Trustees`**
```
A Lucas (resigned 7.10.20)
E Margesson
L Richards
A Rossiter
P Davis
P Hitchcock
R Hall
N Doyle
S Shelley
J Hammond
```
## **`Independent Examiner`**
```
A J Bennewith FCA, FCPA, FFA, FFTA,
FIPA, DChA, FRSA
3 Wey Court
Mary Road
Guildford
Surrey
GU1 4QU
```
```
Approved by order of the board of trustees on 12 October 2021 and signed on its behalf by:
```
```
P Hitchcock - Trustee
```
```
Page 3
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```
Independent Examiner's Report to the Trustees of
Binscombe Evangelical Church
```
## **`Independent examiner's report to the trustees of Binscombe Evangelical Church`**
```
I reportto the charitytrusteeson my examinationof the accountsof BinscombeEvangelicalChurch(the Trust) for the
year ended 31 March 2021.
```
## **`Responsibilities and basis of report`**
```
AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewith the
requirements of the Charities Act 2011 ('the Act').
```
```
I reportinrespectof my examinationof theTrust'saccountscarriedoutundersection145of theActandin carrying
out my examinationI have followedall applicableDirectionsgiven by the CharityCommissionundersection 145(5)(b)
of the Act.
```
## **`Independent examiner's statement`**
```
I havecompletedmyexamination.I confirmthatnomaterialmattershavecometomyattentioninconnection with
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.`
```
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
```
```
A J Bennewith
Institute of Chartered Accountants in England & Wales
A J Bennewith FCA, FCPA, FFA, FFTA,
FIPA, DChA, FRSA
3 Wey Court
Mary Road
Guildford
Surrey
GU1 4QU
```
```
Date: .............................................
```
```
Page 4
```
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Binscombe Evangelical Church
```
## **`Statement of Financial Activities`**
## **`for the Year Ended 31 March 2021`**
|`Notes`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`Other trading activities`
`2`
`Investment income`
`3`
**`Total`**
**`EXPENDITURE ON`**
**`Charitable activities`**
`Church Activities`
**`NET INCOME/(EXPENDITURE)`**
**`Transfers between funds`**
`12`
**`Net movement in funds`**
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
**`TOTAL FUNDS CARRIED FORWARD`**|`Unrestricted`
`funds`
`£`
`122,876`
`-`
`638`
`123,514`
`128,709`
`(5,195)`
`8,763`
`3,568`
`304,458`
`308,026`|`Restricted`
`funds`
`£`
`101,868`
`-`
`-`
`101,868`
`1,105`
`100,763`
`(8,763)`
`92,000`
`822,763`
`914,763`|`31.3.21`
`Total`
`funds`
`£`
`224,744`
`-`
`638`
`225,382`
`129,814`
`95,568`
`-`
`95,568`
`1,127,221`
`1,222,789`|`31.3.20`
`Total`
`funds`
`£`
`372,639`
`1,640`
`5,569`|
|---|---|---|---|---|
|||||`379,848`
`152,697`|
|||||`227,151`
`-`|
|||||`227,151`
`900,070`|
|||||`1,127,221`|
```
The notes form part of these financial statements
```
```
Page 5
```
```
Binscombe Evangelical Church
```
## **`Balance Sheet`**
## **`31 March 2021`**
|`Notes`
**`FIXED ASSETS`**
`Tangible assets`
`8`
**`CURRENT ASSETS`**
`Debtors`
`9`
`Investments`
`10`
`Cash at bank`
**`CREDITORS`**
`Amounts falling due within one year`
`11`
**`NET CURRENT ASSETS`**
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`NET ASSETS`**
**`FUNDS`**
`12`
`Unrestricted funds`
`Restricted funds`
**`TOTAL FUNDS`**|`Unrestricted`
`funds`
`£`
`25,386`
`25,108`
`231,407`
`29,030`
`285,545`
`(2,905)`
`282,640`
`308,026`
`308,026`|`Restricted`
`funds`
`£`
`43,660`
`14,986`
`856,117`
`500`
`871,603`
`(500)`
`871,103`
`914,763`
`914,763`|`31.3.21`
`Total`
`funds`
`£`
`69,046`
`40,094`
`1,087,524`
`29,530`
`1,157,148`
`(3,405)`
`1,153,743`
`1,222,789`
`1,222,789`
`308,026`
`914,763`
`1,222,789`|`31.3.20`
`Total`
`funds`
`£`
`69,937`
`44,286`
`936,884`
`80,896`
`1,062,066`
`(4,782)`
`1,057,284`
`1,127,221`
`1,127,221`
`304,458`
`822,763`
`1,127,221`|
|---|---|---|---|---|
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon12October2021 and
were signed on its behalf by:
```
```
P Davis - Trustee
```
```
The notes form part of these financial statements
```
```
Page 6
```
```
Binscombe Evangelical Church
```
## **`Notes to the Financial Statements for the Year Ended 31 March 2021`**
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
Thefinancialstatementsof thecharity,whichis a publicbenefitentityunderFRS 102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicablein the UK and Republicof Ireland(FRS 102) (effective1 January2019)', Financial
ReportingStandard102 'The FinancialReportingStandardapplicablein the UK and Republicof Ireland'and the
Charities Act 2011. The financial statements have been prepared under the historical cost convention.
```
## **`Income`**
```
All incomeis recognisedin the Statementof FinancialActivitiesoncethe charityhasentitlementto the funds,
it is probable that the income will be received and the amount can be measured reliably.
```
## **`Expenditure`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement
andtheamountof theobligationcanbe measuredreliably.Expenditureis accountedforonanaccruals basis
andhas been classifiedunderheadingsthataggregateall costrelatedto the category.Wherecostscannot be
directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwith the
use of resources.
```
## **`Tangible fixed assets`**
```
Depreciationis providedat the followingannualrates in orderto write off each asset over its estimated useful
life.
```
```
Freehold property- 2% on cost
Fixtures and fittings- Straight line over 5 years
```
## **`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.
```
```
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
```
```
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
```
## **`Pension costs and other post-retirement benefits`**
```
Thecharityoperatesadefinedcontributionpensionscheme.Contributionspayabletothecharity's pension
scheme are charged to the Statement of Financial Activities in the period to which they relate.
```
```
continued...
```
```
Page 7
```
```
Binscombe Evangelical Church
```
## **`Notes to the Financial Statements - continued`**
## **`for the Year Ended 31 March 2021`**
## **`2. OTHER TRADING ACTIVITIES`**
|**`OTHER TRADING ACTIVITIES`**|||
|---|---|---|
||`31.3.21`|`31.3.20`|
||`£`|`£`|
|`Hire of premises`|`-`|`1,640`|
|**`INVESTMENT INCOME`**|||
||`31.3.21`|`31.3.20`|
||`£`|`£`|
|`Deposit account interest`|`638`|`5,569`|
|**`TRUSTEES' REMUNERATION AND BENEFITS`**|||
||`31.3.21`|`31.3.20`|
||`£`|`£`|
|`Trustees' salaries`|`71,215`|`66,061`|
|`Trustees' social security`|`2,191`|`2,879`|
|`Trustees' pension contributions to money purchase schemes`|`6,332`|`6,075`|
||`79,738`|`75,015`|
## **`3. INVESTMENT INCOME`**
## **`4. TRUSTEES' REMUNERATION AND BENEFITS`**
```
P.Hitchcock,atrustee,receivedremunerationof£27,946(2020:£27,264)andpensioncontributions of
£5,033 (2020: £4,911) were made in respect of him during the year.
```
```
A. Rossiter received remunerationof £21,950(2020: £21,415)and pensioncontributionsof £659 (2020: £642)
were made in respect of her during the year.
```
```
S.Shelleyreceivedremunerationof£21,319andpensioncontributionsof£640weremadeinrespectof her
duringthe year (2020:remunerationof £17,382and pensioncontributionsof £522 followingher appointment
as a trustee in June 2019).
```
## **`Trustees' expenses`**
```
Duringthe period,4 trustees(2020:7)were reimburseda totalof £3,146(2020: £7,921)for expenses incurred
in respect of travel and sundry other expenses.
```
## **`5. STAFF COSTS`**
```
The average monthly number of employees during the year was as follows:
```
|`Pastor`
`Youth Worker`
`Families' & Women's Worker`|`31.3.21`
`1`
`1`
`1`
`3`|`31.3.20`
`1`
`1`
`1`|
|---|---|---|
|||`3`|
```
No employees received emoluments in excess of £60,000.
```
```
continued...
```
```
Page 8
```
```
Binscombe Evangelical Church
```
## **`Notes to the Financial Statements - continued`**
## **`for the Year Ended 31 March 2021`**
## **`6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
|**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`Other trading activities`
`Investment income`
**`Total`**
**`EXPENDITURE ON`**
**`Charitable activities`**
`Church Activities`
**`NET INCOME`**
**`Transfers between funds`**
**`Net movement in funds`**
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
**`TOTAL FUNDS CARRIED FORWARD`**
**`NET MOVEMENT IN FUNDS`**
`The net movement in funds is stated after charging:`|`Unrestricted`
`funds`
`£`
`229,869`
`1,640`
`5,569`
`237,078`
`147,934`
`89,144`
`12,816`
`101,960`
`202,498`
`304,458`|`Restricted`
`funds`
`£`
`142,770`
`-`
`-`
`142,770`
`4,763`
`138,007`
`(12,816)`
`125,191`
`697,572`
`822,763`|`Total`
`funds`
`£`
`372,639`
`1,640`
`5,569`|
|---|---|---|---|
||||`379,848`
`152,697`|
||||`227,151`
`-`|
||||`227,151`
`900,070`|
||||`1,127,221`|
|||||
||`31.03.21`
`31.03.20`|||
||`£`
`£`|||
|`Independent Examiner's remuneration`|`1,800`
`2,000`|||
|`Depreciation of tangible fixed assets`|`3,141`
`2,707`|||
|`Pension contributions`|`6,332`
`6,177`|||
## **`7. NET MOVEMENT IN FUNDS`**
```
continued...
```
```
Page 9
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```
Binscombe Evangelical Church
```
## **`Notes to the Financial Statements - continued`**
## **`for the Year Ended 31 March 2021`**
## **`8. TANGIBLE FIXED ASSETS`**
|**`8.`**|**`TANGIBLE FIXED ASSETS`**||||
|---|---|---|---|---|
||||`Fixtures`||
|||`Freehold`|`and`||
|||`property`|`fittings`|`Totals`|
|||`£`|`£`|`£`|
||**`COST`**||||
||`At 1 April 2020`|`70,703`|`8,327`|`79,030`|
||`Additions`|`-`|`2,251`|`2,251`|
||`Disposals`|`-`|`(1,134)`|`(1,134)`|
||`At 31 March 2021`|`70,703`|`9,444`|`80,147`|
||**`DEPRECIATION`**||||
||`At 1 April 2020`|`2,733`|`6,360`|`9,093`|
||`Charge for year`|`1,436`|`1,706`|`3,142`|
||`Eliminated on disposal`|`-`|`(1,134)`|`(1,134)`|
||`At 31 March 2021`|`4,169`|`6,932`|`11,101`|
||**`NET BOOK VALUE`**||||
||`At 31 March 2021`|`66,534`|`2,512`|`69,046`|
||`At 31 March 2020`|`67,970`|`1,967`|`69,937`|
|**`9.`**|**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**||||
||||`31.3.21`|`31.3.20`|
||||`£`|`£`|
||`Gift Aid recoverable`||`37,647`|`41,651`|
||`Prepayments and accrued income`||`2,447`|`2,635`|
||||`40,094`|`44,286`|
|**`10.`**|**`CURRENT ASSET INVESTMENTS`**||||
||||`31.3.21`|`31.3.20`|
||||`£`|`£`|
||`Funds held at COIF and building society`||`1,087,524`|`936,884`|
```
continued...
```
```
Page 10
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```
Binscombe Evangelical Church
```
## **`Notes to the Financial Statements - continued`**
## **`for the Year Ended 31 March 2021`**
## **`11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
|`Other creditors`
**`12.`**
**`MOVEMENT IN FUNDS`**
**`Unrestricted funds`**
`General fund`
`Missionary Fund- designated`
`Building Fund -designated`
`Repairs Reserve`
`Equipment Reserve`
**`Restricted funds`**
`Missionary Fund- restricted`
`Building Fund-restricted`
`Families' & Women's Worker Fund`
`Support Fund`
**`TOTAL FUNDS`**|`At 1.4.20`
`£`
`93,041`
`1,937`
`173,191`
`29,300`
`6,989`
`304,458`
`195`
`819,143`
`2,363`
`1,062`
`822,763`
`1,127,221`|`Net`
`movement`
`in funds`
`£`
`18,097`
`(24,373)`
`1,082`
`-`
`(1)`
`(5,195)`
`(195)`
`93,933`
`6,400`
`625`
`100,763`
`95,568`|`31.3.21`
`£`
`3,405`
`Transfers`
`between`
`funds`
`£`
`(14,521)`
`22,436`
`-`
`198`
`650`
`8,763`
`-`
`-`
`(8,763)`
`-`
`(8,763)`
`-`|`31.3.20`
`£`
`4,782`
`At`
`31.3.21`
`£`
`96,617`
`-`
`174,273`
`29,498`
`7,638`|
|---|---|---|---|---|
|||||`308,026`
`-`
`913,076`
`-`
`1,687`|
|||||`914,763`|
|||||`1,222,789`|
```
Net movement in funds, included in the above are as follows:
```
|**`Unrestricted funds`**
`General fund`
`Missionary Fund- designated`
`Building Fund -designated`
`Equipment Reserve`
**`Restricted funds`**
`Missionary Fund- restricted`
`Building Fund-restricted`
`Families' & Women's Worker Fund`
`Support Fund`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`122,433`
`-`
`1,082`
`(1)`
`123,514`
`-`
`94,843`
`6,400`
`625`
`101,868`
`225,382`|`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(104,336)`
`18,097`
`(24,373)`
`(24,373)`
`-`
`1,082`
`-`
`(1)`
`(128,709)`
`(5,195)`
`(195)`
`(195)`
`(910)`
`93,933`
`-`
`6,400`
`-`
`625`
`(1,105)`
`100,763`
`(129,814)`
`95,568`|
|---|---|---|
```
continued...
```
```
Page 11
```
```
Binscombe Evangelical Church
```
## **`Notes to the Financial Statements - continued`**
## **`for the Year Ended 31 March 2021`**
## **`12. MOVEMENT IN FUNDS - continued`**
## **`Comparatives for movement in funds`**
|**`Unrestricted funds`**
`General fund`
`Missionary Fund- designated`
`Building Fund -designated`
`Repairs Reserve`
`Equipment Reserve`
**`Restricted funds`**
`Missionary Fund- restricted`
`Building Fund-restricted`
`Families' & Women's Worker Fund`
`Broadwater School Reserve`
`Support Fund`
**`TOTAL FUNDS`**|`At 1.4.19`
`£`
`96,315`
`5,476`
`67,742`
`28,220`
`4,745`
`202,498`
`156`
`691,707`
`3,179`
`2,530`
`-`
`697,572`
`900,070`|`Net`
`movement`
`in funds`
`£`
`13,061`
`(29,366)`
`105,449`
`-`
`-`
`89,144`
`39`
`127,436`
`12,000`
`(2,530)`
`1,062`
`138,007`
`227,151`|`Transfers`
`between`
`At`
`funds`
`31.3.20`
`£`
`£`
`(16,335)`
`93,041`
`25,827`
`1,937`
`-`
`173,191`
`1,080`
`29,300`
`2,244`
`6,989`
`12,816`
`304,458`
`-`
`195`
`-`
`819,143`
`(12,816)`
`2,363`
`-`
`-`
`-`
`1,062`
`(12,816)`
`822,763`
`-`
`1,127,221`|`At`
`31.3.20`
`£`
`93,041`
`1,937`
`173,191`
`29,300`
`6,989`|
|---|---|---|---|---|
|||||`304,458`
`195`
`819,143`
`2,363`
`-`
`1,062`|
|||||`822,763`|
```
Comparative net movement in funds, included in the above are as follows:
```
|**`Unrestricted funds`**
`General fund`
`Missionary Fund- designated`
`Building Fund -designated`
**`Restricted funds`**
`Missionary Fund- restricted`
`Building Fund-restricted`
`Families' & Women's Worker Fund`
`Broadwater School Reserve`
`Support Fund`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`131,442`
`187`
`105,449`
`237,078`
`1,362`
`128,346`
`12,000`
`-`
`1,062`
`142,770`
`379,848`|`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(118,381)`
`13,061`
`(29,553)`
`(29,366)`
`-`
`105,449`
`(147,934)`
`89,144`
`(1,323)`
`39`
`(910)`
`127,436`
`-`
`12,000`
`(2,530)`
`(2,530)`
`-`
`1,062`
`(4,763)`
`138,007`
`(152,697)`
`227,151`|
|---|---|---|
```
continued...
```
```
Page 12
```
```
Binscombe Evangelical Church
```
## **`Notes to the Financial Statements - continued`**
## **`for the Year Ended 31 March 2021`**
## **`12. MOVEMENT IN FUNDS - continued`**
```
A current year 12 months and prior year 12 months combined position is as follows:
```
|**`Unrestricted funds`**
`General fund`
`Missionary Fund- designated`
`Building Fund -designated`
`Repairs Reserve`
`Equipment Reserve`
**`Restricted funds`**
`Missionary Fund- restricted`
`Building Fund-restricted`
`Families' & Women's Worker Fund`
`Broadwater School Reserve`
`Support Fund`
**`TOTAL FUNDS`**|`At 1.4.19`
`£`
`96,315`
`5,476`
`67,742`
`28,220`
`4,745`
`202,498`
`156`
`691,707`
`3,179`
`2,530`
`-`
`697,572`
`900,070`|`Net`
`movement`
`in funds`
`£`
`31,158`
`(53,739)`
`106,531`
`-`
`(1)`
`83,949`
`(156)`
`221,369`
`18,400`
`(2,530)`
`1,687`
`238,770`
`322,719`|`Transfers`
`between`
`funds`
`£`
`(30,856)`
`48,263`
`-`
`1,278`
`2,894`
`21,579`
`-`
`-`
`(21,579)`
`-`
`-`
`(21,579)`
`-`|`At`
`31.3.21`
`£`
`96,617`
`-`
`174,273`
`29,498`
`7,638`|
|---|---|---|---|---|
|||||`308,026`
`-`
`913,076`
`-`
`-`
`1,687`|
|||||`914,763`|
|||||`1,222,789`|
```
A currentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedinthe above
are as follows:
```
|**`Unrestricted funds`**
`General fund`
`Missionary Fund- designated`
`Building Fund -designated`
`Equipment Reserve`
**`Restricted funds`**
`Missionary Fund- restricted`
`Building Fund-restricted`
`Families' & Women's Worker Fund`
`Broadwater School Reserve`
`Support Fund`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`253,875`
`187`
`106,531`
`(1)`
`360,592`
`1,362`
`223,189`
`18,400`
`-`
`1,687`
`244,638`
`605,230`|`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(222,717)`
`31,158`
`(53,926)`
`(53,739)`
`-`
`106,531`
`-`
`(1)`
`(276,643)`
`83,949`
`(1,518)`
`(156)`
`(1,820)`
`221,369`
`-`
`18,400`
`(2,530)`
`(2,530)`
`-`
`1,687`
`(5,868)`
`238,770`
`(282,511)`
`322,719`|
|---|---|---|
```
continued...
```
```
Page 13
```
```
Binscombe Evangelical Church
```
## **`Notes to the Financial Statements - continued for the Year Ended 31 March 2021`**
## **`12. MOVEMENT IN FUNDS - continued`**
```
MissionaryFund-designated-uptoandincludingthequarterended30June2019,20%ofthe charity's
generaldonationsplusgiving to the Fellowshipof IndependentEvangelicalChurches("FIEC")were designated
to thisfund,andwere thendisbursedfor missionarypurposes.After thatdate,the basischangedso that now
£5,000perquarterplusgivingtotheFIECandCompassionisdesignatedtothisfundandthendisbursed for
missionary purposes.
```
```
BuildingFund-designated- thebalanceonthisfundrepresentsfundspreviouslyset asidefromgeneral funds
forthebuildingprojectpluscertainamountsreceivedthisyearwithnostipulationas totheiruse,which the
trustees have decided to allocate to this fund.
```
```
RepairsReserve-designated- £500per monthis set asidefor repairsandthe differencebetweenthis amount
and the actual amount is taken to or from this reserve at the end of each year.
```
```
EquipmentReserve-designated- £200permonthissetasideforequipmentandthedifferencebetween this
amount and actual expenditure is taken to or from this reserve at the end of each year.
```
```
MissionaryFund-restricted-thisisforrestrictedfundsreceivedandthenpaidoutforspecific missionary
```
```
purposes.
```
```
BuildingFund- restricted- this fund is for amountsreceived specificallyfor the buildingprojectand paid out on
building project fees and expenses.
```
```
Families'&Women'sWorkerFund-thisfundshowsthecontributionsreceivedtowardstheFamilies' and
Women's Worker and the employme nt costs associated with this worker.
```
```
BroadwaterSchoolReserve-thisfundcontainsthespecificdonationreceivedforthehireofthe school
premises, less hire costs paid in the period.
```
```
Support Fund - this fund was set up to assist people, primarily in the church family, in financial difficulties.
```
## **`13. RELATED PARTY DISCLOSURES`**
```
Duringtheyear,£1,120(2020:£1,840)waspaidtoMrs.J Richards,thewifeofMrL G Richards,inrespect of
cleaning services and £72 (2020: £nil) was reimbursed to her for church expenses.
```
```
Inaddition,Mr.N.Margesson,husbandofMrs.EMargesson,atrustee,wasreimbursed£122(2020:£nil) for
church expenses.
```
```
In2020,£762waspaidtoL G Richards,atrustee,inrespectofinvoicedpromotionalgoods.The transactions
were at cost. There were no such transactions in 2021.
```
```
Theaggregateofdonationsreceivedfromtrusteesandrelatedpartiesduringtheyearwas£65,570 (2020:
£202,935).
```
```
Other transactions with trustees are disclosed in note 4 above.
```
```
Page 14
```