**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:
- 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 and youth groups, and, until May-24, 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.
## **ACHIEVEMENTS 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.
- Three 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, Christmas carol event in the local pub, end of term Christmas events parties for youth groups 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 A youth weekend and a youth awayday.
- A church weekend, with Bible teaching, food and activities.
- A newcomer's tea for those new to the church.
- Events designed to introduce people to Christians and to share Christian faith including Women's and Men's breakfasts, and a curry evening.
- Membership Inquiry Course for those wanting to join our membership.
- Monthly Sunday afternoon service in local care home.
- Working alongside our local primary school with lessons to complement the RE curriculum.
- Continued support of our mission partners in the UK and around the world, both financially and in prayer.
- Following exit of the site in October 2023, the commencement of work to knock down our existing building and rebuild a new church centre on the site. The new building is due to open in October 2025.
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:
- Continue in its stated aims through the regular activities of the church.
- Complete construction and take occupancy of the new church centre.
- Review staffing requirements, with a view to adding additional resource.
## **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