REGISTERED CHARITY NUMBER: 1167497
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 March 2022
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 2022
|
|
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 2022
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31March2022. The
trusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableinthe UK
and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Ourchurchobjectives(as per thoselistedagainstourcharitablestatusregistration)are the advancementof 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.
Theorganisationisachurch.ItsmainaimsaretointroducepeopletotheloveofGodshownthroughJesusChrist, to
encouragethosewhoalreadyknowGod'slovetokeeptrustinginitandtodemonstrateGod'sloveinpracticalacts 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,itsactivitiesintheyearto31stMarch2022continuedto be
impacted to varying degrees by the Covid-19 pandemic. More detail is provided under the next section.
Page 1
Binscombe Evangelical Church
Report of the Trustees for the Year Ended 31 March 2022
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 operated within the applicable Government Covid-19 guidelines. These have also continued to be streamed online. From October 2021 onwards the church resumed Sunday morning meetings at Broadwater School.
-
- Midweek Bible studies were held throughout the year either online or in person, and with a continued online option.
-
- Running prayer meetings, three 'Big Pray' meetings and a week of prayer.
-
- Continuation of our women's fellowship.
-
- A number of Christmas events including a 'Scratch Nativity' service, Messy Church Christingle service, 'Carpark Carol service' and Christmas day meeting.
-
- Continuation of our work with children including: o Children's groups that met, abiding by the prevalent government Covid-19 guidance. o A toddler group. o A holiday Bible club for children from Reception to Year 6 in the October 2021 half term. o A number of Messy Church events.
-
- A church weekend, with a beach day on the Saturday followed by a day of Bible teaching, lunch and activities on the Sunday.
-
- A ladies' retreat. - A range of events run in the first part of 2022 designed to introduce people to the Christian faith, including a magic show, breakfast at the White Hart and a 'Just like Tea at the Ritz' event.
-
A three-week 'Hope Explored' course for people to explore the Christian faith.
-
- A three-week Christians Against Poverty Money Management course to help people manage their finances well.
-
Our premises continue to be used as a drop off point for a local foodbank.
-
Use of our premises to host the 'Parkinsong' choir and therapeutic singing lessons.
-
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 the
churchtocontinuetosupportitspaidemployees,whilstmaintainingthechurchbuildings.Thechurchalso financially
supportsanumberofotherChristianorganisationsandactivities,bothintheUKandoverseas.Thecontinued Covid-19
pandemichadnomaterialimpactongeneralgivingtothechurch.However,asrestrictionseased,expenditure increased
to more normal levels. The church did not access any Covid-19 Government financial support.
Followingthe grantingof planningpermissionto builda new churchpremises,the churchhas continuedwith fund raising
withthe objectiveof raising£1.7m.Withmoneyreceivedandfurthermoneypledgedourtotalat the end of the financial
year was over £1.34m, almost 80% of the way to the total.
STRUCTURE, GOVERNANCE AND MANAGEMENT
ThechurchisaCharitableIncorporatedOrganisation(charitynumber1167497),thishavingbeenregisteredon6 June
2016 and replacing a Charitable Unincorporated Organisation of the same name.
Thechurchis opentoalltoattend.It is self-governedbyitsmembership.Memberselectandappointa leadership team.
This currentlycomprisesof a full-timepaidchurchleader('pastor'),andco-leader('elders').Duringthe courseof the year
thechurchelecteda newelder,Sam Cooke.Thechurchhastwofurtherpaidstaff,a 'Children'sandYouth'workerand a
'Women'sandFamilies'worker.Thechurchhasamanagementteamofteamleaders('deacons')forvariousareas of
churchlife.Itstrusteesarethepastor,eldersandthedeacons.Day-to-dayleadershipandmanagementofthechurch is
carriedoutbythepastor,eldersanddeacons,andreportedbacktothechurchthroughregularchurchmeetings. Church
meetings are also used to vote on significant decisions.
Page 2
Binscombe Evangelical Church
Report of the Trustees for the Year Ended 31 March 2022
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1167497
Principal address
Barnes Road
Godalming
Surrey
GU7 3RF
Trustees
E Margesson
L Richards
A Rossiter
P Davis
P Hitchcock
R Hall
N Doyle
S Shelley
J Hammond
S Cooke (appointed 7.10.21)
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 6 November 2022 and signed on its behalf by:
P Hitchcock - Trustee
Page 3
Independent Examiner's Report to the Trustees of Binscombe Evangelical Church
Independent examiner's report to the trustees of Binscombe Evangelical Church
IreporttothecharitytrusteesonmyexaminationoftheaccountsofBinscombeEvangelicalChurch(theTrust)for the
year ended 31 March 2022.
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
Since your charity'sgross income exceeded £250,000your examiner must be a member of a listed body. I can confirm that
IamqualifiedtoundertaketheexaminationbecauseIamaregisteredmemberofInstituteofCharteredAccountants in
England & Wales which is one of the listed bodies.
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
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
Binscombe Evangelical Church
Statement of Financial Activities
for the Year Ended 31 March 2022
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)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD |
Unrestricted
funds
£
134,470
577
2,752
137,799
138,298
(499)
308,026
307,527 |
Restricted
funds
£
156,276
-
-
156,276
1,570
154,706
914,763
1,069,469 |
31.3.22
Total
funds
£
290,746
577
2,752
294,075
139,868
154,207
1,222,789
1,376,996 |
31.3.21
Total
funds
£
224,744
-
638 |
|
|
|
|
225,382 |
|
|
|
|
129,814 |
|
|
|
|
95,568
1,127,221 |
|
|
|
|
1,222,789 |
The notes form part of these financial statements
Page 5
Binscombe Evangelical Church
Balance Sheet
31 March 2022
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
£
24,929
33,393
173,804
81,659
288,856
(6,258)
282,598
307,527
307,527 |
Restricted
funds
£
42,750
23,760
1,001,788
1,171
1,026,719
-
1,026,719
1,069,469
1,069,469 |
31.3.22
Total
funds
£
67,679
57,153
1,175,592
82,830
1,315,575
(6,258)
1,309,317
1,376,996
1,376,996
307,527
1,069,469
1,376,996 |
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 |
The financialstatementswere approvedby the Boardof Trusteesand authorisedfor issue on 6 November2022 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 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,havebeenprepared in
accordancewith the CharitiesSORP (FRS 102) 'Accountingand Reportingby Charities:Statementof Recommended
PracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReporting Standard
applicablein the UK and Republicof Ireland(FRS 102) (effective 1 January2019)', FinancialReportingStandard 102
'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland'andtheCharitiesAct2011. The
financial statements have been prepared under the historical cost convention.
Income
All incomeis recognisedin the Statementof FinancialActivitiesonce the charityhas entitlementto the funds,it is
probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlement and
the amountof the obligationcanbe measuredreliably.Expenditureis accountedforon an accrualsbasisand has
beenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbe directly
attributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwiththeuse of
resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to 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.
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.
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 2022
2. OTHER TRADING ACTIVITIES
2. |
OTHER TRADING ACTIVITIES |
|
|
|
|
31.3.22 |
31.3.21 |
|
|
£ |
£ |
|
Hire of premises |
577 |
- |
3. |
INVESTMENT INCOME |
|
|
|
|
31.3.22 |
31.3.21 |
|
|
£ |
£ |
|
Deposit account interest |
2,752 |
638 |
4. |
TRUSTEES' REMUNERATION AND BENEFITS |
|
|
|
|
31.3.22 |
31.3.21 |
|
|
£ |
£ |
|
Trustees' salaries |
72,996 |
71,215 |
|
Trustees' social security |
2,412 |
2,191 |
|
Trustees' pension contributions to money purchase schemes |
6,490 |
6,332 |
|
|
81,898 |
79,738 |
P.Hitchcock,atrustee,receivedremunerationof£28,644(2021:£27,946)andpensioncontributionsof £5,159
(2021: £5,033) were made in respect of him during the year.
A. Rossiter received remunerationof £22,499 (2021: £21,950)and pensioncontributionsof £675 (2021 £659) were
made in respect of her during the year.
S. Shelleyreceivedremunerationof £21,852(2021: £21,319)and pensioncontributionsof £656 (2021: £640) were
made in respect of her during the year.
Trustees' expenses
Duringtheperiod,6trustees(2021:4)werereimbursedatotalof£7,778(2021:£3,146)forexpensesincurred in
respect of travel and sundry other expenses.
5. STAFF COSTS
The average monthly number of employees during the year was as follows:
|
31.3.22 |
31.3.21 |
Pastor |
1 |
1 |
Youth Worker |
1 |
1 |
Families' & Women's Worker |
1 |
1 |
|
3 |
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 2022
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
INCOME AND ENDOWMENTS FROM
Donations and legacies
Investment income
Total
EXPENDITURE ON
Charitable activities
Church Activities
NET INCOME/(EXPENDITURE)
Transfers between funds
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
7.
NET MOVEMENT IN FUNDS
The net movement in funds is stated after charging:
Independent Examiner's remuneration
Depreciation of tangible fixed assets
Pension contributions |
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 |
Total
funds
£
224,744
638 |
|
|
|
225,382 |
|
|
|
129,814 |
|
|
|
95,568
- |
|
|
|
95,568
1,127,221 |
|
|
|
1,222,789 |
|
|
|
|
|
31.03.22
31.03.21 |
|
|
|
£
£ |
|
|
|
1,920
1,800 |
|
|
|
2,784
3,141 |
|
|
|
6,490
6,332 |
|
|
continued...
Page 9
Binscombe Evangelical Church
Notes to the Financial Statements - continued
for the Year Ended 31 March 2022
8. TANGIBLE FIXED ASSETS
8. |
TANGIBLE FIXED ASSETS |
|
|
|
|
|
|
Fixtures |
|
|
|
Freehold |
and |
|
|
|
property |
fittings |
Totals |
|
|
£ |
£ |
£ |
|
COST |
|
|
|
|
At 1 April 2021 |
70,703 |
9,444 |
80,147 |
|
Additions |
- |
1,417 |
1,417 |
|
At 31 March 2022 |
70,703 |
10,861 |
81,564 |
|
DEPRECIATION |
|
|
|
|
At 1 April 2021 |
4,169 |
6,932 |
11,101 |
|
Charge for year |
1,436 |
1,348 |
2,784 |
|
At 31 March 2022 |
5,605 |
8,280 |
13,885 |
|
NET BOOK VALUE |
|
|
|
|
At 31 March 2022 |
65,098 |
2,581 |
67,679 |
|
At 31 March 2021 |
66,534 |
2,512 |
69,046 |
9. |
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
|
|
|
31.3.22 |
31.3.21 |
|
|
|
£ |
£ |
|
Gift Aid recoverable |
|
47,233 |
37,647 |
|
Prepayments and accrued income |
|
9,920 |
2,447 |
|
|
|
57,153 |
40,094 |
10. |
CURRENT ASSET INVESTMENTS |
|
|
|
|
|
|
31.3.22 |
31.3.21 |
|
|
|
£ |
£ |
|
Funds on deposit |
|
1,175,592 |
1,087,524 |
continued...
Page 10
Binscombe Evangelical Church
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
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
Support Fund
TOTAL FUNDS |
At 1.4.21
£
96,617
-
174,273
29,498
7,638
308,026
-
913,076
1,687
914,763
1,222,789 |
Net
movement
in funds
£
18,946
(22,351)
2,906
-
-
(499)
15
155,222
(531)
154,706
154,207 |
31.3.22
£
6,258
Transfers
between
funds
£
(27,158)
22,351
-
3,825
982
-
-
-
-
-
- |
31.3.21
£
3,405
At
31.3.22
£
88,405
-
177,179
33,323
8,620 |
|
|
|
|
307,527
15
1,068,298
1,156 |
|
|
|
|
1,069,469 |
|
|
|
|
1,376,996 |
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
Support Fund
TOTAL FUNDS |
Incoming
resources
£
134,565
-
3,234
137,799
144
156,132
-
156,276
294,075 |
Resources
Movement
expended
in funds
£
£
(115,619)
18,946
(22,351)
(22,351)
(328)
2,906
(138,298)
(499)
(129)
15
(910)
155,222
(531)
(531)
(1,570)
154,706
(139,868)
154,207 |
Resources
Movement
expended
in funds
£
£
(115,619)
18,946
(22,351)
(22,351)
(328)
2,906
(138,298)
(499)
(129)
15
(910)
155,222
(531)
(531)
(1,570)
154,706
(139,868)
154,207 |
|
|
|
(499)
15
155,222
(531) |
|
|
|
154,706 |
|
|
|
154,207 |
continued...
Page 11
Binscombe Evangelical Church
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
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
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 |
Transfers
between
funds
£
(14,521)
22,436
-
198
650
8,763
-
-
(8,763)
-
(8,763)
- |
At
31.3.21
£
96,617
-
174,273
29,498
7,638 |
|
|
|
|
308,026
-
913,076
-
1,687 |
|
|
|
|
914,763 |
|
|
|
|
1,222,789 |
Comparative 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 |
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 |
|
|
|
(5,195)
(195)
93,933
6,400
625 |
|
|
|
100,763 |
|
|
|
95,568 |
continued...
Page 12
Binscombe Evangelical Church
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
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
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
£
37,043
(46,724)
3,988
-
(1)
(5,694)
(180)
249,155
6,400
94
255,469
249,775 |
Transfers
between
funds
£
(41,679)
44,787
-
4,023
1,632
8,763
-
-
(8,763)
-
(8,763)
- |
At
31.3.22
£
88,405
-
177,179
33,323
8,620 |
|
|
|
|
307,527
15
1,068,298
-
1,156 |
|
|
|
|
1,069,469 |
|
|
|
|
1,376,996 |
A currentyear12 monthsandprioryear12 monthscombinednetmovementinfunds,includedintheabove 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
£
256,998
-
4,316
(1)
261,313
144
250,975
6,400
625
258,144
519,457 |
Resources
Movement
expended
in funds
£
£
(219,955)
37,043
(46,724)
(46,724)
(328)
3,988
-
(1)
(267,007)
(5,694)
(324)
(180)
(1,820)
249,155
-
6,400
(531)
94
(2,675)
255,469
(269,682)
249,775 |
Resources
Movement
expended
in funds
£
£
(219,955)
37,043
(46,724)
(46,724)
(328)
3,988
-
(1)
(267,007)
(5,694)
(324)
(180)
(1,820)
249,155
-
6,400
(531)
94
(2,675)
255,469
(269,682)
249,775 |
|
|
|
(5,694)
(180)
249,155
6,400
94 |
|
|
|
255,469 |
|
|
|
249,775 |
continued...
Page 13
Binscombe Evangelical Church
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
12. MOVEMENT IN FUNDS - continued
MissionaryFund-designated-£5,000perquarterplusgivingtotheFellowshipofIndependent Evangelical
Churches and Compassion is designated to this fund and then disbursed for missionary purposes.
BuildingFund-designated- thebalanceonthisfundrepresentsfundspreviouslysetasidefromgeneralfunds for
the buildingprojectplus certainamountsreceivedthis year with no stipulationas to theiruse, whichthe trustees
have decided to allocate to this fund.
RepairsReserve-designated- £500 per monthis set aside for repairsand the 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-thisfundisforamountsreceivedspecificallyforthebuildingprojectandpaidout on
building project fees and expenses.
Families' & Women's WorkerFund-this fund shows the contributionsreceived towardsthe Families' and Women's
Worker and the employment costs associated with this worker.The fund closed with effect from 31 March 2021.
Support Fund - this fund was set up to assist people, primarily in the church family, in financial difficulties.
13. RELATED PARTY DISCLOSURES
Duringtheyear,£1,440(2021:£1,120)waspaidtoMrs.JRichards,thewifeofMrLGRichards,inrespect of
cleaning services and £668 (2021: £72) was reimbursed to her for church expenses.
Mrs J Hitchcock, wife of a trustee, received £25 in respect of reimbursed expenses (2021: £nil).
Theaggregateofdonationsreceivedfromtrusteesandrelatedpartiesduringtheyearwas£53,797 (2021:
£65,570).
Other transactions with trustees are disclosed in note 4 above.
Page 14