``` 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 ```