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← Binscombe Evangelical Church

2025-03-31-accounts

REGISTERED CHARITY NUMBER: 1167497

Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2025

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 2025

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

Binscombe Evangelical Church

Report of the Trustees for the Year Ended 31 March 2025

The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Our church objectives (as per those listed against our charitable status registration) are the advancement of 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 organisation is a church. Its main aims are to introduce people to the love of God shown through Jesus Christ, to encourage those who already know God's love to keep trusting in it and to demonstrate God's love in practical acts of kindness. The church has run the following activities to achieve these objectives:

ACHIEVEMENTS AND PERFORMANCE

The achievements of the church during the period include:

o Children's groups for pre-schoolers through to older teens.

o A toddler group.

o A youth weekend and a youth awayday.

Page 1

Binscombe Evangelical Church

Report of the Trustees for the Year Ended 31 March 2025

FINANCIAL REVIEW

Financial position

Financially the church continued to be well-supported through the committed giving of its members. This has enabled the church to continue to support its paid employees, whilst maintaining the church premises. The church also financially supports a number of other Christian organisations and activities, both in the UK and overseas.

Following the granting of planning permission to build a new church building, the church has continued with fund raising. With money received and pledged, our total at the end of the prior financial year was in excess of £2m and meant the church was in a position to initiate the rebuild. As the current financial year has progressed, funds have been drawn down to pay for construction.

Reserves policy

Total funds held by the church at the end of March 2025 were £2,709,506. Of this, £2,228,437 were restricted for use towards the church rebuild during the remainder of 2025. Aside from restricted funds, total monies held for use day by day and in reserve by the church at the end of March 2025 were £481,069, deemed sufficient to cover at least 3 months' worth of expenses, to enable the church to meet its ongoing commitments or to be used as required for the building project.

FUTURE PLANS

Going forwards the church is seeking to:

STRUCTURE, GOVERNANCE AND MANAGEMENT

The church is a Charitable Incorporated Organisation (charity number 1167497), this having been registered on 6 June 2016 and replacing a Charitable Unincorporated Organisation of the same name.

The church is open to all to attend. It is self-governed by its membership. Members elect and appoint a leadership team. This currently comprises of a full-time paid church leader ('pastor'), and co-leader ('elders'). The church has two further paid staff, a 'Children's and Youth' worker and a 'Women's and Families' worker. The church has a management team of team leaders ('deacons') for various areas of church life. Its trustees are the pastor, elders and the deacons. Day-to-day leadership and management of the church is carried out by the pastor, elders and deacons, and reported back to 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 (resigned 8.9.24) L Richards (resigned 1.12.24) A Rossiter P Davis P Hitchcock N Doyle S Shelley S Cooke S Hunt

Page 2

Binscombe Evangelical Church

Report of the Trustees for the Year Ended 31 March 2025

REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner

A J Bennewith FCA, FCPA, FFA, FFTA, FIPA, DChA, FRSA Upper Ground Floor 18 Farnham Road Guildford Surrey GU1 4XA

Approved by order of the board of trustees on 21 January 2026 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 report to the charity trustees on my examination of the accounts of Binscombe Evangelical Church (the Trust) for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection 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.

I have no concerns and have come across no other matters in connection with the examination to which 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

21 June 2026

Page 4

Binscombe Evangelical Church

Statement of Financial Activities

for the Year Ended 31 March 2025

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
£
210,414
-
86,638
-
297,052
185,311
111,741
369,328
481,069		 Restricted
funds
£
340,554
-
-
-
340,554
9,199
331,355
1,897,082
2,228,437		 31.3.25
Total
funds
£
550,968
-
86,638
-
637,606
194,510
443,096
2,266,410
2,709,506		 31.3.24
Total
funds
£
794,054
910
71,144
150
866,258
193,896
672,362
1,594,048
2,266,410

The notes form part of these financial statements

Page 5

Binscombe Evangelical Church

Balance Sheet

31 March 2025

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
£
22,378
29,461
235,590
201,530
466,581
(7,890)
458,691
481,069
481,069		 Restricted
funds
£
978,542
17,230
1,232,665
-
1,249,895
-
1,249,895
2,228,437
2,228,437		 31.3.25
Total
funds
£
1,000,920
46,691
1,468,255
201,530
1,716,476
(7,890)
1,708,586
2,709,506
2,709,506
481,069
2,228,437
2,709,506		 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

The financial statements were approved by the Board of Trustees and authorised for issue on 21 January 2026 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 2025
31.3.25
Notes
£
Cash flows from operating activities
Cash generated from operations
1
828,242
Net cash provided by operating activities
828,242
Cash flows from investing activities
Purchase of tangible fixed assets
(836,735)
Sale of tangible fixed assets
-
Interest received
86,638
Net cash used in investing activities
(750,097)
Change in cash and cash equivalents in the
reporting period
78,145
Cash and cash equivalents at the beginning
of the reporting period
123,385
Cash and cash equivalents at the end of
the reporting period
201,530		 31.3.24
£
72,745
72,745
(111,346)
150
71,144
(40,052)
32,693
90,692
123,385

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 2025

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
Decrease/(increase) in debtors
(Decrease)/increase in creditors
Net cash provided by operations
2.
ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.24
£
Net cash
Cash at bank
123,385
123,385
Liquid resources
Deposits included in cash
-
Current asset investments
1,881,760
1,881,760
Total
2,005,145		 31.3.25
£
443,096
9,888
-
(86,638)
413,505
64,682
(16,291)
828,242
Cash flow
£
78,145
78,145
-
(413,505)
(413,505)
(335,360)		 31.3.24
£
672,362
3,115
(150)
(71,144)
(496,334)
(52,766)
17,662
72,745
At 31.3.25
£
201,530
201,530
-
1,468,255
1,468,255
1,669,785

The notes form part of these financial statements

Page 8

Binscombe Evangelical Church

Notes to the Financial Statements for the Year Ended 31 March 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Recognition of incoming resources

Income from grants, legacies, donations, appeals, fundraising and investments is recognised in the Statement of Financial Activities (SOFA) on receipt providing there are no conditions that would withhold payment outside of the charities control.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use 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.

Restricted funds can only be used for particular restricted purposes within the objects of 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

The charity operates a defined contribution pension scheme. Contributions payable to the charity'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 2025

2. DONATIONS AND LEGACIES

Donations
Gift aid
Legacies
Grants
Contributions to activities
Grants received, included in the above, are as follows:
Benefact Trust
Other grants
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		 31.3.25
£
465,401
48,251
-
35,000
2,316
550,968
31.3.25
£
-
35,000
35,000
31.3.25
£
-
31.3.25
£
86,638
31.3.25
£
91,389
3,088
2,959
97,436		 31.3.24
£
598,313
85,788
5,000
104,500
453
794,054
31.3.24
£
104,500
-
104,500
31.3.24
£
910
31.3.24
£
71,144
Direct
Costs
£
194,510
31.3.24
£
80,349
2,476
2,494
85,319

P. Hitchcock, a trustee, received remuneration of £40,907 (2024: £35,554) and pension contributions of £1,444 (2024: £1,086) were made in respect of him during the year.

A. Rossiter received remuneration of £23,463 (2024: £20,820) and pension contributions of £704 (2024: £654) 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 2025

6. TRUSTEES' REMUNERATION AND BENEFITS - continued

S. Shelley received remuneration of £27,019 (2024: £23,975) and pension contributions of £811 (2024: £754) were made in respect of her during the year.

Trustees' expenses

During the period, 6 trustees (2024: 3) were reimbursed a total of £8,144 (2024: £5,695) for expenses incurred 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		 31.3.25

£
91,389
3,088
2,959
97,436
31.3.25

1
1
1
3		 31.3.24
£
80,349
2,476
2,494
85,319
31.3.24
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
Other income
Total
EXPENDITURE ON
Charitable activities
Church Activities
NET INCOME		 Unrestricted
funds
£
164,899
910
71,144
150
237,103
190,449
46,654		 Restricted
funds
£
629,155
-
-
-
629,155
3,447
625,708		 Total
funds
£
794,054
910
71,144
150
866,258
193,896
672,362

continued...

Page 11

Binscombe Evangelical Church

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

8.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
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 2024
Additions
At 31 March 2025
DEPRECIATION
At 1 April 2024
Charge for year
At 31 March 2025
NET BOOK VALUE
At 31 March 2025
At 31 March 2024		 8.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
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 2024
Additions
At 31 March 2025
DEPRECIATION
At 1 April 2024
Charge for year
At 31 March 2025
NET BOOK VALUE
At 31 March 2025
At 31 March 2024		 - continued
Unrestricted
Restricted
Total
funds
funds
funds
£
£
£
322,673
1,271,375
1,594,048
369,327
1,897,083
2,266,410
31.03.25
31.03.24
£
£
4,800
6,600
9,888
3,115
4,115
3,363
Fixtures
Freehold
and
property
fittings
Totals
£
£
£
179,427
13,959
193,386
836,735
-
836,735
1,016,162
13,959
1,030,121
9,079
10,234
19,313
8,605
1,283
9,888
17,684
11,517
29,201
998,478
2,442
1,000,920
170,348
3,725
174,073

continued...

Page 12

Binscombe Evangelical Church

Notes to the Financial Statements
for the Year Ended 31 March
11.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Gift Aid recoverable
Prepayments and accrued income
12.
CURRENT ASSET INVESTMENTS
Funds on deposit
13.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Other creditors
14.
MOVEMENT IN FUNDS
At 1.4.24
£
Unrestricted funds
General fund
90,495
Missionary Fund- designated
-
Building Fund -designated
259,419
Repairs Reserve
9,241
Equipment Reserve
10,173
369,328
Restricted funds
Missionary Fund- restricted
1,005
Building Fund-restricted
1,894,569
Support Fund
1,508
1,897,082
TOTAL FUNDS
2,266,410		 Notes to the Financial Statements Notes to the Financial Statements - continued
2025
Net
movement
in funds
£
58,336
(24,471)
82,342
(4,466)
-
111,741
-
332,365
(1,010)
331,355
443,096		 31.3.25
£
46,116
575
46,691
31.3.25
£
1,468,255
31.3.25
£
-
7,890
7,890
Transfers
between
funds
£
(28,405)
24,471
-
1,534
2,400
-
-
-
-
-
-		 31.3.24
£
85,787
25,586
111,373
31.3.24
£
1,881,760
31.3.24
£
13,935
10,246
24,181
At
31.3.25
£
120,426
-
341,761
6,309
12,573
481,069
1,005
2,226,934
498
2,228,437
2,709,506
for the Year Ended 31 March

continued...

Page 13

Binscombe Evangelical Church

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

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
Repairs Reserve
Equipment Reserve
Restricted funds
Building Fund-restricted
Support Fund
TOTAL FUNDS		 Incoming
resources
£
210,415
-
86,638
-
(1)
297,052
340,474
80
340,554
637,606		 Resources
Movement
expended
in funds
£
£
(152,079)
58,336
(24,471)
(24,471)
(4,296)
82,342
(4,466)
(4,466)
1
-
(185,311)
111,741
(8,109)
332,365
(1,090)
(1,010)
(9,199)
331,355
(194,510)
443,096

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 1.4.23
£
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
£
1,738
(22,797)
67,714
-
-
46,655
5
625,925
(223)
625,707
672,362		 Transfers
between
funds
£
5,016
22,797
-
(27,591)
(222)
-
-
-
-
-
-		 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 14

Binscombe Evangelical Church

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

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
Restricted funds
Missionary Fund- restricted
Building Fund-restricted
Support Fund
TOTAL FUNDS		 Incoming
resources
£
165,959
-
71,144
237,103
110
628,045
1,000
629,155
866,258		 Resources
Movement
expended
in funds
£
£
(164,221)
1,738
(22,797)
(22,797)
(3,430)
67,714
(190,448)
46,655
(105)
5
(2,120)
625,925
(1,223)
(223)
(3,448)
625,707
(193,896)
672,362

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 1.4.23
£
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
£
60,074
(47,268)
150,056
(4,466)
-
158,396
5
958,290
(1,233)
957,062
1,115,458		 Transfers
between
funds
£
(23,389)
47,268
-
(26,057)
2,178
-
-
-
-
-
-		 At
31.3.25
£
120,426
-
341,761
6,309
12,573
481,069
1,005
2,226,934
498
2,228,437
2,709,506

continued...

Page 15

Binscombe Evangelical Church

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

14. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming
resources
£
Unrestricted funds
General fund
376,374
Missionary Fund- designated
-
Building Fund -designated
157,782
Repairs Reserve
-
Equipment Reserve
(1)
534,155
Restricted funds
Missionary Fund- restricted
110
Building Fund-restricted
968,519
Support Fund
1,080
969,709
TOTAL FUNDS
1,503,864		 Resources
Movement
expended
in funds
£
£
(316,300)
60,074
(47,268)
(47,268)
(7,726)
150,056
(4,466)
(4,466)
1
-
(375,759)
158,396
(105)
5
(10,229)
958,290
(2,313)
(1,233)
(12,647)
957,062
(388,406)
1,115,458

Missionary Fund- designated - £5,000 per quarter plus giving to the Fellowship of Independent Evangelical Churches and Compassion is designated to this fund and then disbursed for missionary purposes. Building Fund- designated - the balance on this fund represents funds previously set aside from general funds for the building project plus certain amounts received this year with no stipulation as to their use, which the trustees have decided to allocate to this fund.

Repairs Reserve- designated - £500 per month is set aside for repairs and the difference between this amount and the actual amount is taken to or from this reserve at the end of each year.

Equipment Reserve- designated - £200 per month is set aside for equipment and the difference between this amount and actual expenditure is taken to or from this reserve at the end of each year.

Missionary Fund- restricted - this is for restricted funds received and then paid out for specific missionary purposes.

Building Fund- restricted - this fund is for amounts received specifically for the building project and 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

The aggregate of donations received from trustees and related parties during the year was £65,012 (2024: £127,902).

Other transactions with trustees are disclosed in note 4 above.

Page 16