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2023-03-31-accounts

REGISTERED CHARITY NUMBER: 1167497
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 March 2023
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 2023

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 2023

Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31March2023. 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:

ACHIEVEMENT AND PERFORMANCE

The achievements of the church during the period include:
Page 1
Binscombe Evangelical Church

Report of the Trustees for the Year Ended 31 March 2023

FINANCIAL REVIEW

Financiallythe churchcontinuedto be well-supportedthroughthe committedgivingof its members. This has enabled the
churchtocontinuetosupportitspaidemployees,whilstmaintainingthechurchbuildings.Thechurchalso financially
supports a number of other Christian organisations and activities, both in the UK and overseas.
Followingthe grantingof planningpermissionto builda new churchpremises,the churchhas continuedwith fund raising
withtheobjectiveof raisinginexcessof £1.7m.Withmoneyreceivedandfurthermoneypledgedourtotalattheend of
the financial year was £1.58m, almost 93% 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.
Thiscurrentlycomprisesofafull-timepaidchurchleader('pastor'),andco-leader('elders').Thechurchhastwo further
paidstaff,a'Children'sandYouth'workeranda'Women'sandFamilies'worker.Thechurchhasamanagementteam of
teamleaders('deacons')forvariousareasofchurchlife.Itstrusteesarethepastor,eldersandthedeacons. Day-to-day
leadershipandmanagementofthechurchiscarriedoutbythepastor,eldersanddeacons,andreportedbackto the
church through regular church meetings. Church meetings are also used to vote on significant decisions.

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 (resigned 1.11.22)
N Doyle
S Shelley
J Hammond (resigned 1.6.23)
S Cooke
S Hunt (appointed 8.6.23)

Independent Examiner

A J Bennewith
FCA, FCPA, FFA, FFTA, FIPA, DChA, FRSA
3 Wey Court
Mary Road
Guildford
Surrey
GU1 4QU
Page 2
Binscombe Evangelical Church

Report of the Trustees for the Year Ended 31 March 2023

Approved by order of the board of trustees on 19 December 2023 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 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

Since your charity'sgross income exceeded £250,000your examiner must be a member of a listed body. I can confirm that
I am qualifiedto undertakethe examinationbecauseI am a member of the Instituteof CharteredAccountantsin England
and 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
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 2023

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
Other trading activities
2
Investment income
3
Total
EXPENDITURE ON
Charitable activities
Church Activities
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
Unrestricted
funds
£
138,132
1,578
17,358
157,068
141,922
15,146
307,527
322,673
Restricted
funds
£
205,234
-
-
205,234
3,328
201,906
1,069,469
1,271,375
31.3.23
Total
funds
£
343,366
1,578
17,358
362,302
145,250
217,052
1,376,996
1,594,048
31.3.22
Total
funds
£
290,746
577
2,752
294,075
139,868
154,207
1,222,789
1,376,996
The notes form part of these financial statements
Page 5
Binscombe Evangelical Church

Balance Sheet

31 March 2023

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
£
24,002
32,699
183,719
87,959
304,377
(5,706)
298,671
322,673
322,673
Restricted
funds
£
41,840
25,908
1,201,708
2,732
1,230,348
(813)
1,229,535
1,271,375
1,271,375
31.3.23
Total
funds
£
65,842
58,607
1,385,427
90,691
1,534,725
(6,519)
1,528,206
1,594,048
1,594,048
322,673
1,271,375
1,594,048
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
The financialstatementswere approvedby the Board of Trustees and authorisedfor issue on 19 December 2023 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 2023

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 2023

2. OTHER TRADING ACTIVITIES

2. OTHER TRADING ACTIVITIES
31.3.23 31.3.22
£ £
Hire of premises 1,578 577
3. INVESTMENT INCOME
31.3.23 31.3.22
£ £
Deposit account interest 17,358 2,752
4. TRUSTEES' REMUNERATION AND BENEFITS
31.3.23 31.3.22
£ £
Trustees' salaries 67,479 72,996
Trustees' social security 1,522 2,412
Trustees' pension contributions to money purchase schemes 6,455 6,490
75,456 81,898
P.Hitchcock,atrustee,receivedremunerationof£30,204(2022:£28,644)andpensioncontributionsof £5,212
(2022: £5,159)  were made in respect of him during the year.
A. Rossiter received remunerationof £18,398 (2022: £22,499)and pensioncontributionsof £552 (2022 £675) were
made in respect of her during the year.
S. Shelleyreceivedremunerationof £23,042(2022: £21,852)and pensioncontributionsof £691 (2022: £656) were
made in respect of her during the year.

Trustees' expenses

During the period,1 trustee (2022:6) was reimburseda total of £54 (2022: £7,778) for expenses incurredin respect
of travel and sundry other expenses.

5. STAFF COSTS

The average monthly number of employees during the year was as follows:
31.3.23 31.3.22
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 2023

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/(EXPENDITURE)
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
£
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
Total
funds
£
290,746
577
2,752
294,075
139,868
154,207
1,222,789
1,376,996
31.03.23
31.03.22
£
£
2,020
1,920
2,462
2,784
6,455
6,490
continued...
Page 9
Binscombe Evangelical Church

Notes to the Financial Statements - continued

for the Year Ended 31 March 2023

8. TANGIBLE FIXED ASSETS

8. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£ £ £
COST
At 1 April 2022 70,703 10,861 81,564
Additions - 626 626
At 31 March 2023 70,703 11,487 82,190
DEPRECIATION
At 1 April 2022 5,605 8,280 13,885
Charge for year 1,436 1,027 2,463
At 31 March 2023 7,041 9,307 16,348
NET BOOK VALUE
At 31 March 2023 63,662 2,180 65,842
At 31 March 2022 65,098 2,581 67,679
9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£ £
Gift Aid recoverable 51,205 47,233
Prepayments and accrued income 7,402 9,920
58,607 57,153
10. CURRENT ASSET INVESTMENTS
31.3.23 31.3.22
£ £
Funds on deposit 1,385,427 1,175,592
continued...
Page 10
Binscombe Evangelical Church

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

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 1.4.22
£
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
£
27,249
(26,630)
14,526
1
-
15,146
985
200,346
575
201,906
217,052
31.3.23
£
6,519
Transfers
between
funds
£
(31,913)
26,630
-
3,508
1,775
-
-
-
-
-
-
31.3.22
£
6,258
At
31.3.23
£
83,741
-
191,705
36,832
10,395
322,673
1,000
1,268,644
1,731
1,271,375
1,594,048
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Missionary Fund- designated
Building Fund -designated
Repairs Reserve
Restricted funds
Missionary Fund- restricted
Building Fund-restricted
Support Fund
TOTAL FUNDS
Incoming
resources
£
139,708
-
17,359
1
157,068
1,195
203,464
575
205,234
362,302
Resources
Movement
expended
in funds
£
£
(112,459)
27,249
(26,630)
(26,630)
(2,833)
14,526
-
1
(141,922)
15,146
(210)
985
(3,118)
200,346
-
575
(3,328)
201,906
(145,250)
217,052
Resources
Movement
expended
in funds
£
£
(112,459)
27,249
(26,630)
(26,630)
(2,833)
14,526
-
1
(141,922)
15,146
(210)
985
(3,118)
200,346
-
575
(3,328)
201,906
(145,250)
217,052
15,146
985
200,346
575
201,906
217,052
continued...
Page 11
Binscombe Evangelical Church

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

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
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
Transfers
between
funds
£
(27,158)
22,351
-
3,825
982
-
-
-
-
-
-
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
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
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 12
Binscombe Evangelical Church

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

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
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
£
46,195
(48,981)
17,432
1
-
14,647
1,000
355,568
44
356,612
371,259
Transfers
between
funds
£
(59,071)
48,981
-
7,333
2,757
-
-
-
-
-
-
At
31.3.23
£
83,741
-
191,705
36,832
10,395
322,673
1,000
1,268,644
1,731
1,271,375
1,594,048
A currentyear12 monthsandprioryear12 monthscombinednetmovementinfunds,includedintheabove are
as follows:
Unrestricted funds
General fund
Missionary Fund- designated
Building Fund -designated
Repairs Reserve
Restricted funds
Missionary Fund- restricted
Building Fund-restricted
Support Fund
TOTAL FUNDS
Incoming
resources
£
274,273
-
20,593
1
294,867
1,339
359,596
575
361,510
656,377
Resources
Movement
expended
in funds
£
£
(228,078)
46,195
(48,981)
(48,981)
(3,161)
17,432
-
1
(280,220)
14,647
(339)
1,000
(4,028)
355,568
(531)
44
(4,898)
356,612
(285,118)
371,259
Resources
Movement
expended
in funds
£
£
(228,078)
46,195
(48,981)
(48,981)
(3,161)
17,432
-
1
(280,220)
14,647
(339)
1,000
(4,028)
355,568
(531)
44
(4,898)
356,612
(285,118)
371,259
14,647
1,000
355,568
44
356,612
371,259
continued...
Page 13
Binscombe Evangelical Church

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

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(2022:£1,440)waspaidtoMrs.JRichards,thewifeofMrLGRichards,inrespect of
cleaning services.
Theaggregateofdonationsreceivedfromtrusteesandrelatedpartiesduringtheyearwas£65,962 (2022:
£53,797).
Other transactions with trustees are disclosed in note 4 above.
Page 14