``` 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 ```