Charity registration nurnber. 1169770 Dorchester Baptist Church Atjnual Report and Financial Statements for the Year Ended 30 September 2023
Dorchester Baptist Church Contents (continued) Reference and Ad]nirtistrative Details Trusiees, Report 2104 Independent Examiner's Report Statement of Financial Activitie5 Balance Sheet Notes to the Financial Statement5 8t0 16
Dorchester Baptist Church Reference and Administrative Details Trustees Mrs Jan¢ Louise Smith Mr Gary Alan Rosling Dell Mr Julian Lionel Andrew Boardman Reverend Jame5 Charlton East Mr Stuart Charles Dawson Mr Graham Richard Water5 Mrs Catherine Ann Molland Mrs Claire Offer Prin¢ip*l Office The Dorford Centre Bridport Road Dorchester Dorset DTI IRR Charlty Regl$trotion Number 1169770 Bankers Lloyds Bank plc Dorchester 1-2 High West Street Dorchester Dorset DTI IUG Independent Examiner Scott Vever5 Ltd Chartered Accountants and Registered Auditor5 65 East Street Bridport Dorset DT6 3LB Page I
Dorchester Baptist Church Trustees, Report The tn]stees present their report along with the fmancial statements of the church for ihe year ended 30 Septernber 2023. The financial statements have been PTepaTed in a¢coTdan¢¢ with the a¢¢ounling polÉcies set out in notes to the accoutjts and cotnply with the eharity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities.. Statement of iiecommended Praeiice applicable to charities preparing their accounts in accordanee with the Financial Keporting Standard applicable in the UK and Republic of Ireland published in October 2019. The trusfees who serv¢d during the ytar are a5 follows.. Mr Graham Water Church Secretary Church TTea5uf¢T Mr Stuart Dawson Mr Paul Ashley Mrs Jane SrDith Elder (End of tem of otTice 26 September 2023) Elder Mrs Catherine Molland Deacon (End of terni of office 14 November 2023) (Resigned 26 September 2023) Mrs Louise Ashley Mr Gary Dell Mrs Clair¢ Offer Deacon Deacon Eld¢r (Appoint¢d 17 Nov¢mber 2022) Mr Julian Boardman Deacon R¢verdnd Jame5 East Senior Pastor Mr Peter Rooke Elder (Resigned 18 July 2023) Struetiire? governanet and management The Church becaTne a Charitabl¢ In¢orpor8t¢d Organisation (CIO) on 1st Dec¢mb¢r 2017 with a registered charity, numb¢r 1169770. Th¢ holding trustees of the church are the Baptist Union of Great Britain and the managing tru5te¢5 are the leadership team of the church, comprising of the Senior Pastor appointed by the church and the deacons elected from the membership, who serve a terni of 3 years and r¢tire after a maximum of hvo consecutive te]Tns. Th¢ church meeiing d¢cid¢s on the maximum number of memb¢rs of the lead¢rship from time to time, up io a rnaximum of 18. Within th¢ new organi5ation provision was mad¢ for the appointment of Elders, also Trustees, nominated by the Senior pastor. The l¢ader5hip meet monthly to discuss the practical and spiritual life of the church, but the final decision-making body of the church is the church meeting which routinely lakes place four limes a year. Risk management The managing trustees have considered the major risks io which the church is expos¢d and hav¢ established policies and procedures to manage ihos¢ risks. The trustees ¢ODsider thai the risks of an accident on th¢ pretnises or loss of reputation through the abuse of a vultJerabl¢ p¢r50n ihe pr¢tni5¢s, or during a related activity, ar¢ the major areas of eoncern. The ehurth has irnpl¢mented Health and Safety polici¢s and a Safguarding policy to help mitigate against known risks. Policies are r¢gularly r¢vi¢w¢d, in th¢ light of Changing government policy, and issues of safeguarding and the recruitment of volunte¢rs ¢0 work with ehildren and young people are und¢r ¢ontinual review. Page 2
Doreh¢ster Baptist Church Tru5tees' Report (continued) Objettives and activities for the public benefit The vision statement of the church is as follows.. Loving Jesus, Building Community, B1¢$5ing Dorchester. Dor¢h¢ster Baptist Church is an active church that believes its members, faith should be lived out every day. The prin¢ipal purpose of the church is to advance the Christian faith by engaging in worship and pray¢r, pr¢a¢hing and teaching the word of God. expressing God'5 love to the community through the mission of the chur¢h- facilitating the nurture and growth of Christian disciples by training and equipping the ¢ongregation for Christian service. giving pastoral care and supporting charitable action, itlcluding to those with physical. social, emotional and educational disadvantage. relating to other Christians and raising funds to further these purposes by donations, grants and loans. The Church eontinues to support several local charities, including the Dorchester Foodbank (largely sustained by food and monetary donations from th¢ people of Doichester and surrounding areas). When planning activiiies for the year. the trustees hav¢ considered the Commission's guidance on public benefit and in particular, the specific guidan¢¢ on ¢hariti¢s for the advancement of r¢ltgion. Support for denominational and other causu. The church tnakes regular contributions for the 5UPPOrt of small or new churches through Baptist Home Missions and the work overseas of the Bapt15t Missionary Society. Other charities including Safe Families. World of Worth, Intemational Needs, Eagles Wing5 Mini5tri¢s, Mercy Ships and Dorchester Family Support receive support through specific fjjndraising or via the Mission budget. No grants are made. Use of volunteers Church members and others volunte¢r their time and gifts freely in ev¢ry area of church life. Where this involves contact with children and young people this is governed by the 'Safeguarding" policy and DI]0$ure and Barring Service (DBS) checks are made and kept up to dat¢ r¢gularly. Dorford Centre Limited The church facilities are let to other users through a wholly owned trading subsidiary, Dorford Centre Limiied. which donates all profits to the church under gift aid. Gross lettings in the year amounted to £94,180 (2022 £61,739) and donations of £68,292 (2022 £35,909) were Tnade. The church office support5 both the church and the Dorford Centre and 15 staffed by a volUntr Church Olee Administrator, a paid bookings offiter and paid part time support staff as needed. A¢hl¢Y¢m¢nts Our aim 15 to worship the living God, and as we get to know Him better, seek to demonstrate His love for otheTS in all that w¢ do. We believe our faith should not be reserved to just a couple of hours on a Sunday- that God is involved in all are&8 of our lives. Following on from thi5 aim, we operat¢ a range of activities and groups for ¢hurch attendee5, but more importantly, for m¢mb¢r5 of the community- These include every Tuesday a toddler group (Kid5 & Co). Youth Clubs during th¢ week, Café Refresh, Friendship Club (for those with learning difficulties), Messy Church (craft, activities, fun 2nd teaching for children), Christians Against Povety Finance course (CAP) and much more. We also support a number of activities tha( take place outside the church buildin& including Fleet Camp lyouth holiday), and involvement in local schools etc. Pag¢ 3
Dorchester Baptist Church Trustees, Report (continued) Continuing our aim to be part of the Dor¢h¢5ter community. we support Dor¢hester Foodbank to operate from OUT premises, helping individuals and famili¢5 that may be struggling financially. In the summer holiday5 we participate in a lunch club (Dorchesrer Family Support) which provides f(d for those families entiiled io fr¢¢ school meals together with 4 ChTisth]as hamper programme. Also, our building is alive throughout the week with many local council, NHS, charity and community meetings and activities which help us to become a fo¢al point of our community. We aim lo ensure that activities ar¢ acces5ibl¢ to all. We have an active Mi55ion team that is accountable to leadership for recotnm¢nding missional spend at both local, national and intemational level. For example, we provide active support for Choice Baptist Church in Uganda together with a school'5 f¢eding programtne there (Pebbles). Our Mission statetnent r¢ads 'Spreading God'5 love locally. nationally and to the world. Building c1,$ kingdom in partnership with others and encouraging our church to get mor¢ involved in world mis5È011'. The Senior Pastor provides support, encouragement and care in many ways in addition to the life group nehvork within the church, seeking to see God transfomi our community- Flnanelal review The church is reliant on givin8 by it5 members and regular attendee5, together with income from l¢ttings and gift aid receipts. The deficit of inctstne ov¢r expenditure for the yeaT was £33.457 (2022- £36,158). R¢s¢rve5 at the end of the year were £1.303,012, ineluding £53.417 restricted funds. W¢ remain debt free. Investment policy The church maintains an interest-bearing Ae¢ount alongside its Lloydg TSB ¢u]Tent account; both of these earn interest at the rai¢s in force from time io time. The church has no fixed inv¢stments. The church has received legacy payments in the past which are lodged with the Baptist Union irt a thr¢¢ month interest account. Re$erves policy The trustees aim to retain reserves sutTicient to cover three months fixed expenditure which amounts to approximately £55.000. At the end of the year free reserves amounted to £136,648. Plans for the future The church will Continue to use its material and people resources to 5¢Tve the community of Dorche5ter, consistent wÈth gospel teaching and our principle5, building on ¢urrent projects and activities. The annual report was approved by the tThstees of the charity on . and Signed on its behalf Mr Graham Water5 Trustee Page 4
Dor¢hester Baptist Church Independent Examiner's Report to the truste of Doreh¢st¢r Baptist Church I report to the charity truste¢s on my examination of the a¢wunts of the charity for the year ended 30 September 2023 which are set out on pages 6 to 16. Responsibllltles and basis of report As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'the Act,). report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515)(b) of the A¢1. Independent examiner'5 Statement Since the eharity's gross income exceeded £250,000 your examiner must be a member of a body lisied in section 145 of the Act. I confirni that l am qualified to undertake the examination because l am a member of ihe Institute of Chartered Accountanis in England and Wale& which is one of the listed bodi. I have completed my examination. I confimi that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charity a5 required by se¢iion 130 of the Act. OT the accounts do not accord with those records., or the accounts do noi comply with the applicable requirements concerning the forn) and content of accounts sei out in the Charities {Account% 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. have no concerns 2nd have come a¢rtsss no other matters in ¢onnection with the examination to which att¢ntion should be drdwn in this report in order to enable a proper understanding of the a¢¢ounts io b¢ r¢a¢hed. Mr. M. J. Cridland B.A. (Hons) F.C.A. Scott VeveTS Ltd Chart¢pd Ac¢ountants and Registered Auditor$ 65 East Street Bridport Dorset DT6 3LB Page 5
Dorchestsr Baptist Church Statement of Financial Activities for the Year Ended 30 SepteRnber 2023 Unrestricted fuDd5 Restricted fund5 Total 2023 Nott Income and Endowments from: Donations and legacies Investment income Other inctstne 166,186 4.384 2,001 170,570 3,115 93,687 93,687 Total income 260,987 6,385 267,372 Expenditure on". Charitable activities (274,106) (26,723) (300,829) Total expenditure Net expenditure Gross transfers between fijnds (274,106) (26,723) (300,829) 113.119} {4.141) (20,338) 4,141 (33,457) Net movement in funds (17.260) (16.197) (33.457) Reconciliation of funds Total funds brought forward 1,266,855 69,614 1,336,469 Toial funds carried forward 15 1,249,595 53,417 Restricted funds 1,303,012 Tolal 2022 Unrestricled fuDds Note Income and Endowment5 from: Donations and legacies Investment income Other incotne 149,411 238 63,315 23,140 579 172,551 817 63,315 Total income 212,964 23,719 236,683 Expenditure on: Charitabl¢ a¢tivities (240,804) (32,037) (272,841) Total exp¢nditur¢ (240,804) (32,037) (272,841 Net expenditure Gr055 transfers between ndS {27,840) (6,756) (8,318) 6,756 (36,158) Net movement in funds (34.596) (1,562) (36,158) Reeonciliation of funds Total funds brought forward 1,301,451 71,176 1,372,627 Total fvnds carried forward 15 1,266,855 69.614 1.336,469 All of the chariry's activities derive froEn ¢onlinuing op¢rations dwing the above two periods. The fiJnd5 breakdown for 2022 is shown in note 15. Th¢ not¢s on pages 8 to 16 forni an integral part of these financial statements. Page 6
Dorehester Baptist Church {Registration number: 1169770) Balance Sheet as at 30 September 2023 2023 2022 Note Fixed 855et5 Tangible 455et5 1.112,947 1,128,984 Current 855et Debtors Cash at bank and in hand 12 22.155 175,549 28,645 187,151 197,704 215,796 Creditors: Ounts falling due within one year Net eurrent assets 13 {7.639) (8,311) 190,065 207,485 Iyet assets 1,303,012 1.336,469 Funds of the charlty: Restrleted incornt fund5 Restricted funds 53,417 69.614 UnrestrÈcted income funds Unrestricted fvnds 1,249.595 1,266,855 Total futhd$ 15 1,303.012 1.336,409 The fina ial statement5 on pages 6 to 16 were approved by the trustees, and authorised for issue on nd Signed on their b¢half by.. Mrs uart Charle5 Daw50n Trustee The notes on page5 8 to 16 form an integral part of these financial ststements. Page 7
Dorchester Baptist Church Notes to the Financial Statements for the Year Ended 30 S¢pt¢mber 2023 l Accounting policies Statement of compliance The financial statements have been prepared in accordance with Accounting and Reporting by Chariti¢5'. Statement of Recommended Practice applicable to ¢horities preparing their accounts in accordanee with the Financial Reporting Standard appli¢able in th¢ UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard appli¢able in the United Kingdom and Republic of Ireland (FRS 102), the Chariiies Act 2011 and UK G¢n¢Tally A¢¢epied Accounting Practice. Basls of preparatlon Dor¢hester Baptist Church meets the definition of a public benefit ¢ntity under FRS 102. The account5 (financial 5tatemeT)ts) have been prepared under ihe historical cost ¢onv¢Dtion with items recognised at cost or transaction value utlless otherwise ststed in the relevant not¢(5) to these accounts. Going concern The trustees consider that iheTe are no material uneertainties about the chariWs ability to continue as a going concern. Income and endowments Volllntary income including donations, gifts. l¢ga¢i¢s and grants that provide core funding or are of a general nare is recognised when the charity has entitl¢m¢nt to the income, it is probable that the incotne will be received and the amount can be m¢asuT¢d with sufficient reliability. Donations and legacies are recognised on a receivable basis when receipi is probable and the amount can be reliably measured. Grr7nts recelvable Grant5 aTe recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Wher¢ perforrnance conditions are attached to the grant and are yet to be met, the incom¢ 15 reeo8nised as a liability and included on the balance sh¢¢t a5 deferred incorne to be released. Expenditure All expenditure is recognised once there is a legal or constructive obligation to that expenditure. it is probable settlement is required and the amount Can be measured reliably. All cosis are allocated to the applicable expenditure heading that aggregate similar costs to that ¢at¢gory. Where costs cannot be directly attributed to particular headings they have been allocated on a basis ¢OllSlStent with the use of resources, with central siaff costs allocated on the basis of time spent. and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Clitirilable aclivilies Charitable expenditur¢ comprises thos¢ ¢osts incurred by the charity in the delivery of its activities and services foT its ben¢ficiari¢s. It in¢ludes both eosis thai can be allocated directly to such activiti¢s and those costs of an indirect nature ne¢¢ssary to support them. Pag¢ 8
Dorchester Baptist Church Notes to the Financial Statements for the Year Ended 30 September 2023 (continued) Support eosts Support ¢osts includ¢ ¢¢ntral fvncuons and have been allocated to activity c05t Categories on a basis consistent with the use of resources. for example. allocating Property ¢05ts by floor are&s, or per capita, staff costs by the time spent and other costs by their usage. Governan¢e cost5 These include rhe cosis attributable to the ¢harity'5 compliante with constitutional and Statutory r¢quir¢m¢nts, including audit, Strategi¢ [nanag¢ent and trust¢¢s me¢tings and reimbursed expenses. Taxation The charity is considered to pass rhe iesis set out in Paragraph I Schedule 6 of the Finance Act 2010 and Ih¢refore it meets the definition of a charittble company for UK c(Trrporation tax purposes. Accordingly, thc harity ig potentially exempt from taxation in respect of incom¢ or capital 8ains received within categories ¢ov¢r¢d by Chapter 3 Part I l of the Corporation Tax Act 2010 or Sectlgn 256 of the Taxation of Charg¢abl¢ Gains Act 1992, to the extent that sueh income or gains are applied ¢x¢lusively to charitable purposes. Tangible fixed assets Individual fixed assets costing £1.00 or more are initially recorded at eosL less any subsequent a¢¢umulated depreciation and subsequent accumulated impaimient losses. Depreciation and arnortisation Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, les5 any ¢stimated residual value, over their expected useful economic life as follows.. Asset cl*$$ Propety and property improvements Equipment Computer equipment Depr¢eiation method and rate 2Q/o Straighi line 150/0 reducing balance 3 years straight line Trade debtors Trade debtors are amounts due from customers for merchandise sold or services perfornied in the ordinary course of business. Trade debtors are recognised initially at the trdnsaction price. They are subsequently measured at amortised cost using the effecrive interest method, less provision foT impairt]]ent. A provision for the impaiment of trade debtors is established when there is objective eviden¢e that the ¢haTity will not be able to collect all amounts due according to the original terms of the re1Vable5. Cash and eash equlvalets Cash and cash equivalents comprise ¢a5h on hand and call deposits, and other short-temi highly liquid investments that are readily convertible to a known arnount of cash and are subject to an insignificant r2sk of change in value. Page 9
Dorchester Baptist Church Notes to the Financial Statements for the Year Ended 30 September 2023 {eontinued) Borrowings Interest-bearing borrowings are initially recorded at fair value. net of transaction costs. Interest-bearing borrowings are subsequently carried ai amortised eost. with the difference between the proceeds. net of transaction costs. and the amount due on redemption being recognised as a charge to (he Statement of Financial Activities over the period of ihe relevant borrowing. Interest exFell5e is recognised on the basis of the effective interest method and is included in interest payable and Similar ¢harge5. BoTTowings are cla95ified as current liabilities unless the charity has an unconditional right to defer settlernent of Ihe liability for at least twelve months after the reporting date. Fund structure Unrestricted income fi]nds are general fund5 that ar¢ availabl¢ for us¢ at th¢ trust¢¢s di%Tetion in furtherance of the objectives of the chaTity. Restricted income funds are those donated for use in a particular area or for specific pujposes. the use of which is restricted to that area or purpose. 2 Income from donations and legacles Unrestricted fund5 General Restricted fund5 Total 2023 Total 2022 Donation5 and l¢ga¢ies' Donations from individuals Gift aid r¢claimed Grants, including capital grants. Grants from other charities 137,358 22212 2,223 139,581 22212 132,152 16,607 6.616 2,161 4,384 8,777 23.792 166,186 170,570 172,551 Page 10
Dorchester Baptist Church Notes to the Financial Statements for the Ycar Ended 30 September 2023 (Continued) 3 Investment income Unrestricted funds General Re5tri¢ted funds Total 2023 Total 2022 Interest receivable and similar income; Interesi receivable on bank deposits 1,114 2,001 817 4 Other ineome Unrestricted Total 2023 To141 2022 General Youth club fund5 and Sundry receipts Dorford Centre Limited 395 93,292 93,687 395 93,292 2,406 60,909 63,315 93,687 5 Expenditure on charitsble octivities Restrleted runds Charitable Aetivitles Unrestricted Charitable Activities Total 2023 Total 2022 Govern&Nc¢ Youth work Mini5ty Mission Service expenses Church upkeep Independent examiner's fee ManageTn¢nt fees Depreciation of tangible assets Charitsble donations 3,351 74.499 24,571 6.675 56,242 3,351 74.499 33.096 6,675 56,242 4,030 64,165 40,573 18,198 1,620 72,070 35,599 4,843 47,000 3,834 55,663 38,212 14,000 8.525 4,030 64,165 40,573 18,198 270.076 4,030 26,723 300,829 272,841 Pagell
Dorchester Baptist Church Notes to the Financial Statements for the Year Ended 30 September 2023 (continued) 6 Net incomingloutgoing resourees Nei ouigoing resouTces for the year in¢lude'. 2023 2022 Depreciation of fixed assets 40,573 38,212 7 Trustees remuDeratlon and expenses No tru5tee5, nor any persons connected with them, have received any remun¢r&tion from the charity during the year. in th¢ capacity of a trustee. The senior p&stor and associate minister who ar¢ trustees receive a stipend, as detailed in no¢e 8. Mr5 Ashley, tru5te¢, wa5 also ernploy¢d by the charity and her wages ar¢ included in note 8. Expenses of £346 {2022 - £416) w¢r¢ paid to Rev J East in conn¢ction to his ¢mployment as a minister and £10,367 (2022- £15,256) was paid towards manse costs. RepaS and maintenance costs of £339 (2022 - £nil) were paid to Gary Dell Ltd. a company in which the Trustee. Mr Gary Dell is a direetor and shareholder. All tran5actsons were at market value and on no more favourable than nornial commercial tern)s. Page 12
Dorchester Baptist Church Noles to the Financial Statements for the Year Ended 30 September 2023 (continued) 8 Stsff costs No employees r¢ceived total employee benefits of more than £60,000. The aggregate payroll c95ts were as follows: The total costs of all staff in the year were.. Gross wages and Salaries £134,785 (2022 - £116.440) made up as follows: Senior Pastor £40,608 (2022- £37.908) Associate Minister £12.965 (2022- £12,002) Bookings Staff £51,342 (2022- £42,260) Car¢taking Staff £19,111 (2022- £16,352) Administiation Staff £330 {2022- £1,291) Pastoral Siaff £2.076 (2022- £nkl) Employers national insurance £2,727 (2022- £1,601) Employers pension contributions £5,626 Q022- £5,026) The monthly average number of petsons (including 5¢0ior management team) employed by the charity dvring the year was as follows.. 2023 No 2022 Average number of employee5 per head count 10 9 Independent ¢xamlner's remun¢r3tion 2023 2022 Examination of the financial statements 4,030 3,834 Page 13
Dorchester Baptist Church Notes to th¢ Financial Statements for th¢ Year Ended 30 September 2023 (continued) 10 TaxAtio The charity is a registered charity and is therefore exempt from taxatiort. I l Tangible fixed assets Land and building$ Furniture and equipment Totsl Cost At l October 2022 Additions Disposals 1277.718 29,187 24,774 (1,273} 1.306.905 24,774 (1.273) At 30 SeptetnbeT 2023 1.277,718 52.688 1,330,406 Depreciation At l Odober 2022 Charge for the year ElimiDated on disposals 163.125 33,750 14,796 6,823 {1,035) 177,921 40.573 (1,0351 At 30 S¢ptetnber 2023 196,875 20,584 217,459 Net book value At 30 September 2023 1,080,843 32,104 1.112,947 At 30 September 2022 1.114.593 14,391 1,128,984 12 Debtors 21J23 2022 Due from group undertakings Pr¢pa)qn¢nts Other debtors 8,859 7.933 5,363 15,567 7,735 5,343 22,155 28.645 13 Credttors: amounts falling due within one year 2023 2022 Other IatIon and social 5e¢urity Other creditors Accruals 1.456 1,778 4.405 1,328 1,916 5,067 7,639 Page 14
Dorehester Baplist Church Notes to the Financial Statements for the Year Ended 30 September 2023 (continued) 14 P¢n5ion and other sehem¢s Defined eontribution pen$ion scheme The charity operates a defined contribution pension 5¢heme. The pension cost charge for the year represents ¢orttributions payable by the ¢harity to ihe herne and amounted to £5,626 (2022- £5,026)- Contributions totalling £1 (2022 - £180) w¢re payable to the heme at the end of the year and are in¢luded in ¢reditors. 15 Funds B8lante at Balanee at I October 2022 30 September 2023 Ineoming resources Res0ree5 expended Tr4n$fers Unrestri¢¢ed funds G¢D¢fdl 1,266,855 260,987 (274.106) (26,723) (4,141) ,249,595 Re$tri¢ted funds 69,614 6.385 4,141 53,417 Total fund5 1,336,469 267,372 (300.829 1.303,012 Includ¢d in restricted ndS above are-.- 53,417 Legacy towards Youth expendifure 53.417 16 Analysis of nel 4s%ets between lunds Unrestricted funds Ceneral Total funds at 30 September 2023 Restricted furtds TaDgibl¢ fixed assets Current ass¢ts Current liabilitie5 ,112,947 144.287 (7,639) 1.112,947 197,704 (7,639) 53.417 Total net assets 1,249.595 53,417 1,303,012 Page 15
Dor¢hester Baptist Church Notes to Ihe Financial Statements for the Year Ended 30 September 2023 {continued) Unrestricted funds GenerAI Total funds at 30 September 2022 Restricted funds Tangible fixed assets Current assets Current liabilities 1.128,746 146.420 (8.311) 1.266.855 238 69.376 1.128.984 215.796 (8.311) Totsl net assets 69.614 1,336,469 17 Financial itt$truments Categorisation of finaneial instrurnentS 2023 2022 Financial assets that are debt instruments measured at amorfis¢d cost Financial liabslities measured at amortlsed cost 189.771 7,639 208,061 8,311 Page 16