REGISTERED CHARITY NUMBER: 1167497
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 March 2024
for
Binscombe Evangelical Church
A J Bennewith
FCA, FCPA, FFA, FFTA, FIPA, DChA, FRSA
Upper Ground Floor
18 Farnham Road
Guildford
Surrey
GU1 4XA
Binscombe Evangelical Church
Contents of the Financial Statements for the Year Ended 31 March 2024
|
Page |
Report of the Trustees |
1 to 3 |
Independent Examiner's Report |
4 |
Statement of Financial Activities |
5 |
Balance Sheet |
6 |
Cash Flow Statement |
7 |
Notes to the Cash Flow Statement |
8 |
Notes to the Financial Statements |
9 to 16 |
Detailed Statement of Financial Activities |
17 |
Binscombe Evangelical Church
Report of the Trustees for the Year Ended 31 March 2024
Thetrusteespresenttheirreportwiththefinancialstatementsof thecharityfortheyearended31 March2024. 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 and a women's fellowship group.
-
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.
ACHIEVEMENT AND PERFORMANCE
The achievements of the church during the period include:
- Continued Sunday ministry teaching with follow-up discussion in our midweek life groups.
-
Continued in person Sunday worship meetings, primarily hosted at Broadwater School. Meetings are also
-
live-streamed.
-
Midweek Bible studies.
-
Four people publicly declaring their Christian faith by being baptised.
-
Running prayer meetings, including three 'Big Pray' meetings.
-
Continuation of our Women's Fellowship.
-
A number of Christmas events including a nativity service, end of term Christmas parties for youth groups &
-
Women's Fellowship, Campfire Carols and a Christmas day celebration.
- Continuation of our work with children including:
o Children's groups for pre-schoolers through to older teens.
o A toddler group.
o Two youth weekends.
-
A church weekend, with Bible teaching, food and activities across Saturday and Sunday.
-
A newcomers-tea for those new to the church.
-
Events designed to introduce people to Christians and the Christian faith including a Women's breakfast and a curry evening.
-
A 'Hope Explored' course for people to understand more about the Christian faith.
-
Use of our premises for art classes, a 'Parkinsong' choir, and therapeutic singing lessons.
-
Continued support of our mission partners in the UK and around the world both financially and in prayer.
-
The closure of the church building for day-to-day use at the end of October and commencement of the initial
-
activities needed ahead of the building of a new church premises. This included moving regular activities to alternative venues and relocation of the church office to nearby premises.
-
Appointment of a project management company and a construction contractor for our church rebuild.
Page 1
Binscombe Evangelical Church
Report of the Trustees for the Year Ended 31 March 2024
FINANCIAL REVIEW
Financiallythe churchcontinuedto be well-supportedthroughthe committedgivingof its members. This has enabled
thechurchtocontinuetosupportitspaidemployees,whilstmaintainingthechurchbuildings.Thechurch also
financially supports a number of other Christian organisations and activities, both in the UK and overseas.
Followingthegrantingofplanningpermissiontobuildanewchurchpremises,thechurchhascontinuedwith fund
raising.Withmoneyreceivedandpledgedfollowinga successfulmatch-fundingcampaign,ourtotalat the end of the
financial year was in excess of £2m and meant the church was in a position to initiate the rebuild.
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 full-timepaidchurchleader('pastor'),and co-leader('elders').The churchhas two
furtherpaidstaff,a'Children'sandYouth'workeranda'Women'sandFamilies'worker.Thechurchhas a
managementteamofteamleaders('deacons')forvariousareasofchurchlife.Itstrusteesarethepastor,elders and
thedeacons.Day-to-dayleadershipandmanagementofthechurchiscarriedoutbythepastor,eldersand deacons,
andreportedbacktothechurchthroughregularchurchmeetings.Churchmeetingsarealsousedtovote 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
N Doyle
S Shelley
J Hammond (resigned 22.6.23)
S Cooke
S Hunt (appointed 8.6.23)
Independent Examiner
A J Bennewith
FCA, FCPA, FFA, FFTA, FIPA, DChA, FRSA
Upper Ground Floor
18 Farnham Road
Guildford
Surrey
GU1 4XA
Page 2
Binscombe Evangelical Church
Report of the Trustees for the Year Ended 31 March 2024
Approved by order of the board of trustees on ............................................. 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
I reportto the charitytrusteeson my examinationof the accountsof BinscombeEvangelicalChurch(the Trust) for the
year ended 31 March 2024.
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 my examinationI have followedall applicableDirectionsgiven by the CharityCommissionunderSection 145(5)(b)
of the Act.
Independent examiner's statement
Since yourcharity'sgross incomeexceeded£250,000yourexaminermust be a member of a listedbody.I can confirm
thatI am qualifiedto undertakethe examinationbecauseI am a member of the Instituteof CharteredAccountants in
England and Wales, which is one of the listed bodies.
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
FCA, FCPA, FFA, FFTA, FIPA, DChA, FRSA
Upper Ground Floor
18 Farnham Road
Guildford
Surrey
GU1 4XA
Date: .............................................
Page 4
Binscombe Evangelical Church
Statement of Financial Activities
for the Year Ended 31 March 2024
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Other trading activities
3
Investment income
4
Other income
Total
EXPENDITURE ON
Charitable activities
5
Church Activities
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD |
Unrestricted
funds
£
164,898
910
71,144
150
237,102
190,448
46,654
322,673
369,327 |
Restricted
funds
£
629,155
-
-
-
629,155
3,447
625,708
1,271,375
1,897,083 |
31.3.24
Total
funds
£
794,053
910
71,144
150
866,257
193,895
672,362
1,594,048
2,266,410 |
31.3.23
Total
funds
£
343,366
1,578
17,358
- |
|
|
|
|
362,302 |
|
|
|
|
145,250 |
|
|
|
|
217,052
1,376,996 |
|
|
|
|
1,594,048 |
The notes form part of these financial statements
Page 5
Binscombe Evangelical Church
Balance Sheet
31 March 2024
Notes
FIXED ASSETS
Tangible assets
10
CURRENT ASSETS
Debtors
11
Investments
12
Cash at bank
CREDITORS
Amounts falling due within one year
13
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
14
Unrestricted funds
Restricted funds
TOTAL FUNDS |
Unrestricted
funds
£
24,187
52,117
179,885
123,385
355,387
(10,246)
345,141
369,328
369,328 |
Restricted
funds
£
149,886
59,256
1,701,875
-
1,761,131
(13,935)
1,747,196
1,897,082
1,897,082 |
31.3.24
Total
funds
£
174,073
111,373
1,881,760
123,385
2,116,518
(24,181)
2,092,337
2,266,410
2,266,410
369,328
1,897,082
2,266,410 |
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 |
|
|
|
|
|
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
............................................. and were signed on its behalf by:
.............................................
P Davis - Trustee
The notes form part of these financial statements
Page 6
Binscombe Evangelical Church
Cash Flow Statement
for the Year Ended 31 March 2024
Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by/(used in) operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Sale of tangible fixed assets
Interest received
Net cash (used in)/provided by investing activities
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents at the beginning
of the reporting period
Cash and cash equivalents at the end of
the reporting period |
31.3.24
£
72,746
72,746
(111,346)
150
71,144
(40,052)
32,694
90,691
123,385 |
31.3.23
£
(8,871)
(8,871)
(626)
-
17,358
16,732
7,861
82,830
90,691 |
|
|
|
The notes form part of these financial statements
Page 7
Binscombe Evangelical Church
Notes to the Cash Flow Statement
for the Year Ended 31 March 2024
1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
Net income for the reporting period (as per the Statement of Financial
Activities)
Adjustments for:
Depreciation charges
Profit on disposal of fixed assets
Interest received
Increase in current asset investments
Increase in debtors
Increase in creditors
Net cash provided by/(used in) operations
2.
ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.23
£
Net cash
Cash at bank
90,691
90,691
Liquid resources
Deposits included in cash
-
Current asset investments
1,385,427
1,385,427
Total
1,476,118 |
31.3.24
£
672,362
3,115
(150)
(71,144)
(496,333)
(52,766)
17,662
72,746
Cash flow
£
32,694
32,694
-
496,333
496,333
529,027 |
31.3.23
£
217,052
2,462
-
(17,358)
(209,834)
(1,454)
261
(8,871)
At 31.3.24
£
123,385
123,385
-
1,881,760
1,881,760
2,005,145 |
|
|
|
The notes form part of these financial statements
Page 8
Binscombe Evangelical Church
Notes to the Financial Statements for the Year Ended 31 March 2024
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.
Recognition of incoming resources
Incomefromgrants,legacies,donations,appeals,fundraisingandinvestmentsisrecognisedinthe Statement
ofFinancialActivities(SOFA)onreceiptprovidingtherearenoconditionsthatwouldwithhold payment
outside of the charities control.
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 9
Binscombe Evangelical Church
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
2. DONATIONS AND LEGACIES
Donations
Gift aid
Legacies
Grants
Contributions to activities
Grants received, included in the above, are as follows:
Benefact Trust
3.
OTHER TRADING ACTIVITIES
Hire of premises
4.
INVESTMENT INCOME
Deposit account interest
5.
CHARITABLE ACTIVITIES COSTS
Church Activities
6.
TRUSTEES' REMUNERATION AND BENEFITS
Trustees' salaries
Trustees' social security
Trustees' pension contributions to money purchase schemes |
31.3.24
£
598,313
85,787
5,000
104,500
453
794,053
31.3.24
£
104,500
31.3.24
£
910
31.3.24
£
71,144
31.3.24
£
76,222
2,476
6,620
85,318 |
31.3.23
£
291,148
48,494
-
-
3,724 |
31.3.23
£
291,148
48,494
-
-
3,724 |
|
|
343,366 |
|
|
|
31.3.23
£
- |
|
|
|
31.3.23
£
1,578
31.3.23
£
17,358
Direct
Costs
£
193,895 |
|
|
|
31.3.23
£
67,479
1,522
6,455
75,456 |
|
|
|
|
75,456 |
P. Hitchcock,a trustee,received remunerationof £31,427(2023: £30,204)and pensioncontributionsof £5,212
(2023: £5,212) were made in respect of him during the year.
A. Rossiterreceivedremunerationof £20,820(2023:£18,398)andpensioncontributionsof £654(2023: £552)
were made in respect of her during the year.
S.Shelleyreceivedremunerationof£23,975(2023:£23,042)andpensioncontributionsof£754(2023: £691)
were made in respect of her during the year.
continued...
Page 10
Binscombe Evangelical Church
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
6. TRUSTEES' REMUNERATION AND BENEFITS - continued
Trustees' expenses
Duringthe period,3 trustees(2023:1) were reimburseda totalof £5,695(2023:£54) for expensesincurred in
respect of travel, training, manse refurbishment and other expenses.
7. STAFF COSTS
Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Pastor
Youth Worker
Families' & Women's Worker |
31.3.24
£
76,222
2,476
6,620
85,318
31.3.24
1
1
1
3 |
31.3.23
£
67,479
1,522
6,455 |
|
|
75,456 |
|
|
31.3.23
1
1
1
3 |
No employees received emoluments in excess of £60,000.
8. 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
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 |
Total
funds
£
343,366
1,578
17,358 |
|
|
|
362,302 |
|
|
|
145,250 |
|
|
|
217,052
1,376,996 |
|
|
|
1,594,048 |
continued...
Page 11
Binscombe Evangelical Church
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
9. NET MOVEMENT IN FUNDS
The net movement in funds is stated after charging:
Independent Examiner's remuneration
Depreciation of tangible fixed assets
Pension contributions
10.
TANGIBLE FIXED ASSETS
COST
At 1 April 2023
Additions
Disposals
At 31 March 2024
DEPRECIATION
At 1 April 2023
Charge for year
Eliminated on disposal
At 31 March 2024
NET BOOK VALUE
At 31 March 2024
At 31 March 2023
11.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Gift Aid recoverable
Prepayments and accrued income |
31.03.24
31.03.23 |
31.03.24
31.03.23 |
31.03.24
31.03.23 |
|
£
£ |
|
|
|
6,600
2,020 |
|
|
|
3,115
2,462 |
|
|
|
6,620
6,455 |
|
|
|
Freehold
property
£
70,703
108,724
-
179,427
7,041
2,038
-
9,079
170,348
63,662 |
Fixtures
and
fittings
£
11,487
2,622
(150)
13,959
9,307
1,077
(150)
10,234
3,725
2,180
31.3.24
£
85,787
25,586
111,373 |
Totals
£
82,190
111,346
(150)
193,386
16,348
3,115
(150)
19,313
174,073
65,842
31.3.23
£
51,205
7,402
58,607 |
continued...
Page 12
Binscombe Evangelical Church
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
12. CURRENT ASSET INVESTMENTS
Funds on deposit
13.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Other creditors
14.
MOVEMENT IN FUNDS
At 1.4.23
£
Unrestricted funds
General fund
83,741
Missionary Fund- designated
-
Building Fund -designated
191,705
Repairs Reserve
36,832
Equipment Reserve
10,395
322,673
Restricted funds
Missionary Fund- restricted
1,000
Building Fund-restricted
1,268,644
Support Fund
1,731
1,271,375
TOTAL FUNDS
1,594,048 |
Net
movement
in funds
£
1,738
(22,797)
67,714
-
-
46,655
5
625,925
(223)
625,707
672,362 |
|
31.3.24
£
1,881,760
31.3.24
£
13,935
10,246
24,181
Transfers
between
funds
£
5,016
22,797
-
(27,591)
(222)
-
-
-
-
-
- |
|
31.3.23
£
1,385,427 |
|
|
|
|
|
31.3.23
£
-
6,519
6,519
At
31.3.24
£
90,495
-
259,419
9,241
10,173 |
|
|
|
|
|
369,328
1,005
1,894,569
1,508 |
|
|
|
|
|
1,897,082 |
|
|
|
|
|
2,266,410 |
continued...
Page 13
Binscombe Evangelical Church
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
14. MOVEMENT IN FUNDS - continued
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
£
165,958
-
71,144
237,102
110
628,045
1,000
629,155
866,257 |
Resources
Movement
expended
in funds
£
£
(164,220)
1,738
(22,797)
(22,797)
(3,430)
67,714
(190,447)
46,655
(105)
5
(2,120)
625,925
(1,223)
(223)
(3,448)
625,707
(193,895)
672,362 |
|
|
|
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 1.4.22
£
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 |
Transfers
between
funds
£
(31,913)
26,630
-
3,508
1,775
-
-
-
-
-
- |
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 |
continued...
Page 14
Binscombe Evangelical Church
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
14. MOVEMENT IN FUNDS - continued
Comparative 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 |
|
|
|
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 1.4.22
£
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
£
28,987
(49,427)
82,240
1
-
61,801
990
826,271
352
827,613
889,414 |
Transfers
between
funds
£
(26,897)
49,427
-
(24,083)
1,553
-
-
-
-
-
- |
At
31.3.24
£
90,495
-
259,419
9,241
10,173 |
|
|
|
|
369,328
1,005
1,894,569
1,508 |
|
|
|
|
1,897,082 |
|
|
|
|
2,266,410 |
continued...
Page 15
Binscombe Evangelical Church
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
14. MOVEMENT IN FUNDS - continued
A currentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedinthe above
are as follows:
Incoming
resources
£
Unrestricted funds
General fund
305,666
Missionary Fund- designated
-
Building Fund -designated
88,503
Repairs Reserve
1
394,170
Restricted funds
Missionary Fund- restricted
1,305
Building Fund-restricted
831,509
Support Fund
1,575
834,389
TOTAL FUNDS
1,228,559 |
Resources
Movement
expended
in funds
£
£
(276,679)
28,987
(49,427)
(49,427)
(6,263)
82,240
-
1
(332,369)
61,801
(315)
990
(5,238)
826,271
(1,223)
352
(6,776)
827,613
(339,145)
889,414 |
|
|
MissionaryFund-designated-£5,000perquarterplusgivingtotheFellowshipofIndependent Evangelical
Churches and Compassion is designated to this fund and then disbursed 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.
Support Fund - this fund was set up to assist people, primarily in the church family, in financial difficulties.
15. RELATED PARTY DISCLOSURES
Duringtheyear,£902(2023:£1,440)waspaidtoMrs.JRichards,thewifeofMrLGRichards,inrespect of
cleaning services.
Theaggregateofdonationsreceivedfromtrusteesandrelatedpartiesduringtheyearwas£127,902 (2023:
£65,962).
Other transactions with trustees are disclosed in note 4 above.
Page 16
Binscombe Evangelical Church
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Gift aid
Legacies
Grants
Contributions to activities
Other trading activities
Hire of premises
Investment income
Deposit account interest
Other income
Gain on sale of tangible fixed assets
Total incoming resources
EXPENDITURE
Charitable activities
Trustees' salaries
Trustees' social security
Trustees' pension contributions
Light and heat
Other ministry expenses
Church Giving
Administration expenses
Repairs & renewals
Insurance, Council tax & water
Cleaning
Legal & professional fees
Training
Broadwater School Hire
Accountancy
Freehold property
Fixtures and fittings
Total resources expended
Net income |
Detailed Statement of Financial Activities
for the Year Ended 31 March 2024
31.3.24
31.3.23
£
£
598,313
291,148
85,787
48,494
5,000
-
104,500
-
453
3,724
794,053
343,366
910
1,578
71,144
17,358
150
-
866,257
362,302
76,222
67,479
2,476
1,522
6,620
6,455
883
3,266
6,105
5,974
23,402
26,840
6,404
6,229
33,459
2,624
10,672
6,819
1,487
1,725
-
2,510
983
1,235
15,467
8,090
6,600
2,020
2,038
1,436
1,077
1,026
193,895
145,250
193,895
145,250
672,362
217,052 |
Detailed Statement of Financial Activities
for the Year Ended 31 March 2024
31.3.24
31.3.23
£
£
598,313
291,148
85,787
48,494
5,000
-
104,500
-
453
3,724
794,053
343,366
910
1,578
71,144
17,358
150
-
866,257
362,302
76,222
67,479
2,476
1,522
6,620
6,455
883
3,266
6,105
5,974
23,402
26,840
6,404
6,229
33,459
2,624
10,672
6,819
1,487
1,725
-
2,510
983
1,235
15,467
8,090
6,600
2,020
2,038
1,436
1,077
1,026
193,895
145,250
193,895
145,250
672,362
217,052 |
|
|
|
|
|
343,366
1,578
17,358
- |
|
|
362,302
67,479
1,522
6,455
3,266
5,974
26,840
6,229
2,624
6,819
1,725
2,510
1,235
8,090
2,020
1,436
1,026 |
|
|
145,250 |
|
|
145,250 |
|
|
217,052 |
This page does not form part of the statutory financial statements
Page 17