REGISTERED COMPANY NUMBER: 10528030 (England and Wales) REGISTERED CHARITY NUMBER: 1172339
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
FOR
REVIVAL CHURCH, BILLERICAY
REVIVAL CHURCH, BILLERICAY
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 4 |
| Independent Examiner's Report | 5 | ||
| Statement of Financial Activities | 6 | ||
| Balance Sheet | 7 | ||
| Notes to the Financial Statements | 8 | to | 13 |
REVIVAL CHURCH, BILLERICAY (REGISTERED NUMBER: 10528030)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. 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).
The year ending March 2023 has been a year of challenges and opportunities for Revival Church Billericay. It has been a year in which we have seen the goodness of God manifest in so many situations and in so many individuals' lives. In November 2022 the church celebrated its 10th anniversary.
OBJECTIVES AND ACTIVITIES
Objectives and aims
Our main objectives for the year ending 31 March 2023 continued to be:
1. The advancement of the Christian faith
Strategies: In-person and online teaching in both small and large groups.
2. Christian Education
- Strategies: Small groups meeting online and in-person, Sunday teaching and other events with Christian speakers.
3. The relief of people suffering (hardship or sickness and the distress caused by it)
- Strategies: Pastoral care, giving to other charities that support the relief of suffering e.g. Maoz Israel and Open Doors. Expanding the work of Baby Basics Billericay in our community and using the Relief Fund to pro vide financial assistance for those in the church family and connected to it who have financial c hallenges. Healing Rooms @ Costa in Billericay.
4. Supporting other community facilities and provisions
- Strategies: Supporting Billericay Street Pastors, Schools Ministry Billericay, Schools Pastors Billericay, Baby Basics Billericay and Billericay Foodbank.
HOW OUR ACTIVITIES DELIVER PUBLIC BENEFIT
We have actively supported the work of Billericay Street Pastors, with individuals in the church volunteering time on Friday and Saturday evenings and in prayer.
We have also supported the work of Schools Ministry Billericay financially, prayerfully and in individuals from the church volunteering their time to support this work.
We have actively supported the work of Schools Pastors at The Billericay School by individuals volunteering to be part of the project and in prayer.
We have supported Billericay Foodbank with individuals from the church volunteering to support the distribution of food to needy families in our surrounding area.
The Baby Basics Billericay project has seen an increase in referrals in the last 12 months. This is as a result of a widening group of referrers and the cost-of-living crisis that the nation is currently experiencing.
Healing Rooms @ Costa in Billericay continues to provide an opportunity for anyone from the community to come and get prayer from the interdenominational team on a Wednesday afternoon.
We have referred to the guidance contained in the Charity Commission's general guidance on public benefit and complied with section 17(5) of the 2011 Charities Act when reviewing our aims and objectives and in planning our future activities.
ACHIEVEMENT AND PERFORMANCE Charitable activities Sunday Mornings
We continue to meet at the Chantry Centre in Billericay on a fortnightly basis. We have four age-specific groups for children and young people after our corporate time of worship. Where possible, the adults and children follow the same teaching theme.
Members of the church family also have the opportunity to be part of a small group (Connect Groups). The Connect Groups aim to meet on the alternative weeks when we are not gathering at the Chantry Centre.
Throughout the year we have had several external speakers at the Chantry Centre.
Page 1
REVIVAL CHURCH, BILLERICAY (REGISTERED NUMBER: 10528030)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
ACHIEVEMENT AND PERFORMANCE
Congregational activities
Our Sunday morning gatherings at the Chantry Centre continue to be a focal point for the church family. We have seen numerous visitors over the year and many of them have become part of the church family.
The Connect Groups continue to meet to facilitate building up of relationships and support through prayer. New people joining the church have been assimilated into the existing groups.
Andy and Jane have led Connect Group Leaders' meetings every three months to facilitate the sharing of what is working well in the groups and to pray for and encourage the leaders. The Connect Group leaders have also been assigned a senior leader who they meet with on a regular basis to support and strengthen their leadership.
Senior Pastors, Jane and Andy Robb, meet with the church's Key Leaders on a regular basis to strategise, pray and plan events.
In September, Revival Church Billericay hosted the Civic Service on behalf of the Billericay Town Council in the Chantry Centre.
Regarding the prayer life of the church, there is a regular monthly online prayer gathering.
Revival Church Billericay has also launched a Love Billericay prayer initiative this year. There is a monthly prayer gathering at the Chantry Centre that is advertised to all the churches in the town.
We held a Church Day Out in July 2022 that created a great opportunity for the church family to gather in the beautiful surroundings of Pilgrims Hall. It was a fun day with plenty of opportunities for connection.
There have also been other opportunities throughout the year for the church family to meet socially.
During the year we have held a School of Evangelism and a School of Prophecy that have been open to those in Billericay and the surrounding area. Both were well attended, and we received very good feedback from them.
This year we have also run an Alpha Course and Care for the Family's Marriage Course.
Throughout the year the pastoral support of individuals in the church has continued on a one-to-one basis as needed.
The Relief Fund continues to provide small financial gifts to those in need.
Community / Outreach Activities
We have continued to support the work of Billericay Street Pastors in the past year. Several individuals from Revival Church Billericay are actively involved in this. The work of Street Pastors is valued and appreciated by the town.
Our support of Schools Ministry Billericay and School Pastors has also continued this year, both financially and prayerfully.
As mentioned previously, Baby Basics Billericay has continued to grow over the last 12 months, and donations from our local community have enabled us to help many mothers in need. We have had really encouraging feedback from the midwives, health visitors, social workers and other professionals who use our service.
Healing Rooms @ Costa in Billericay is another outreach initiative of the church. The team are mainly from Revival Church Billericay but other Billericay churches are also represented.
The Revive Spiritual Spa has ministered at several events throughout the year, including the Love Essex event, the Christmas Market in Billericay, and the Spirit, Soul and Wellbeing Festival in Ramsden Health.
Page 2
REVIVAL CHURCH, BILLERICAY (REGISTERED NUMBER: 10528030)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
FINANCIAL REVIEW
Financial position
Banking and bookkeeping were carried out by Susan Cormack during the year.
We have maintained a healthy financial position during the past twelve months. However, the income for 2022-23 has been less than in the previous 12 months. The trustees have reviewed the current outgoings of the church and have made decisions accordingly.
The closing balance of the Revival Church Billericay bank account on 31st March 2023 was £50,195. Of that, £8,676 was designated for Baby Basics Billericay. The monies held in the church Building Fund account with Kingdom Bank was £33,857.
Revival Church Billericay has a Finance Policy and a Reserves Policy. It was agreed at our Trustees meeting in January 2023 that the level of reserve should remain at £12,500. This is three months' running costs for Revival Church Billericay.
Principle Funding Sources
Currently, funding comes primarily from personal donations to the church, supplemented by monies recovered from HMRC under the Gift Aid scheme.
FUTURE PLANS
In the coming year we plan to continue supporting Billericay Street Pastors, Billericay Town Football Club Pastors, School Pastors, Schools Ministry Billericay, Billericay Baby Basics, Healing Rooms @ Costa in Billericay and Billericay Foodbank.
We will continue to build relationship with the other churches in the town and to support the work of Churches Together in Billericay.
In May we are running a parenting course over six weeks presented by Care for the Family. This will be held via Zoom to enable couples to attend.
In October we will be providing a training session for our children and youth workers looking at the area of children with additional needs.
In the coming year we are looking forward to new opportunities to minister God's love and power in our community and region.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is is governed by its Memorandum and Articles of Association and constitutes a Limited Company limited by guarantee, as defined by the Companies Act 2006.
Organizational structure
Andy and Jane Robb are the Senior Pastors of Revival Church Billericay and are supported specifically by five Key Leaders. It's trustees are: Colin Plank, Keith Bilton, Linda Norton, Andy Robb and Jane Robb.
Keith Bilton has been acting as Company Secretary during the past 12 months.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
10528030 (England and Wales)
Registered Charity number
1172339
Registered office
Unit 3 Radford Way BILLERICAY CM12 0DX
Page 3
REVIVAL CHURCH, BILLERICAY (REGISTERED NUMBER: 10528030)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
Trustees
Mr C A Plank Chartered Surveyor Mr A K Robb Senior Pastor Mrs J A Robb Senior Pastor Mr K Bilton Mrs L Norton
Company Secretary
Mr K Bilton
Independent Examiner
C. M. Tams F.C.A Smethurst & Co LLP 12 Abbey Road GRIMSBY DN32 0HL
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of Revival Church, Billericay for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charity SORP;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on 26 June 2023 and signed on its behalf by:
Mrs J A Robb - Trustee
Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF REVIVAL CHURCH, BILLERICAY
Independent examiner's report to the trustees of Revival Church, Billericay ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
C. M. Tams F.C.A
Smethurst & Co LLP 12 Abbey Road GRIMSBY DN32 0HL
26 June 2023
Page 5
REVIVAL CHURCH, BILLERICAY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023
| 31.3.23 | 31.3.22 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 69,618 | 10,903 | 80,521 | 76,697 | |
| Investment income | 2 | - | 142 | 142 | 55 |
| Other income | 50 | - | 50 | - | |
| Total | 69,668 | 11,045 | 80,713 | 76,752 | |
| EXPENDITURE ON | |||||
| Charitable activities | |||||
| Core | 76,610 | 3,432 | 80,042 | 73,384 | |
| NET INCOME/(EXPENDITURE) | (6,942) | 7,613 | 671 | 3,368 | |
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 50,981 | 34,920 | 85,901 | 82,533 | |
| TOTAL FUNDS CARRIED FORWARD | 44,039 | 42,533 | 86,572 | 85,901 |
The notes form part of these financial statements
Page 6
REVIVAL CHURCH, BILLERICAY (REGISTERED NUMBER: 10528030)
BALANCE SHEET
31 MARCH 2023
| 31.3.23 | 31.3.22 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| fund | funds | funds | funds | |||
| Notes | £ | £ | £ | £ | ||
| FIXED ASSETS | ||||||
| Tangible assets | 8 | 553 | - | 553 | 1,700 | |
| CURRENT ASSETS | ||||||
| Debtors | 9 | 3,948 | - | 3,948 | 2,895 | |
| Cash at bank | 41,519 | 42,533 | 84,052 | 82,732 | ||
| 45,467 | 42,533 | 88,000 | 85,627 | |||
| CREDITORS | ||||||
| Amounts falling due within one year | 10 | (1,981) | - | (1,981) | (1,426) | |
| NET CURRENT ASSETS | 43,486 | 42,533 | 86,019 | 84,201 | ||
| TOTAL ASSETS LESS CURRENT LIABILITIES | 44,039 | 42,533 | 86,572 | 85,901 | ||
| NET ASSETS | 44,039 | 42,533 | 86,572 | 85,901 | ||
| FUNDS | 11 | |||||
| Unrestricted funds | 44,039 | 50,981 | ||||
| Restricted funds | 42,533 | 34,920 | ||||
| TOTAL FUNDS | 86,572 | 85,901 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 26 June 2023 and were signed on its behalf by:
Mrs J A Robb - Trustee
The notes form part of these financial statements
Page 7
REVIVAL CHURCH, BILLERICAY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% Straight Line Fixtures and fittings - 20% Straight Line Computer equipment - 33% Straight Line
The charity has a policy to capitalise assets in excess of £250.This will be reviewed by the Trustees on a yearly basis.
Taxation
The charity is exempt from corporation 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 charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 8
REVIVAL CHURCH, BILLERICAY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
2. INVESTMENT INCOME
| 2. | INVESTMENT INCOME | ||
|---|---|---|---|
| 31.3.23 | 31.3.22 | ||
| £ | £ | ||
| Deposit account interest | 142 | 55 | |
| 3. | GRANTS PAYABLE | ||
| 31.3.23 | 31.3.22 | ||
| £ | £ | ||
| Core | 15,375 | 17,554 | |
| The total grants paid to institutions during the year was as follows: | |||
| 31.3.23 | 31.3.22 | ||
| £ | £ | ||
| Giving to Network | 5,753 | 6,464 | |
| Christian Concern | 900 | 900 | |
| Maoz Israel | 3,000 | 3,000 | |
| School Ministry Billericay | 2,400 | 2,400 | |
| Churches Together Billericay | - | 1,000 | |
| Other institutions | 1,915 | 1,140 | |
| 13,968 | 14,904 | ||
| The total grants paid to individuals during the year was as follows: | |||
| 31.3.23 | 31.3.22 | ||
| £ | £ | ||
| Other indviduals | 1,407 | 2,650 | |
| 4. | NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | |||
| 31.3.23 | 31.3.22 | ||
| £ | £ | ||
| Independent examiners fee | 913 | 780 | |
| Other accountancy services | 1,389 | 1,453 | |
| Depreciation - owned assets | 1,147 | 1,220 |
5. TRUSTEES' REMUNERATION AND BENEFITS
The charity's memorandum and articles of association allowing remuneration to be paid to trustees are approved by the charity commission. The following remuneration was paid to the following trustees during the year
| 31.03.2023 31.03.2022 |
31.03.2023 31.03.2022 |
31.03.2023 31.03.2022 |
31.03.2023 31.03.2022 |
31.03.2023 31.03.2022 |
|---|---|---|---|---|
| £ £ |
£ | £ | ||
| A. Robb J. Robb |
Total | Total | ||
| Trustees' salaries | 18,720 | 12,480 | 31,200 | 29,900 |
| Trustees' social security | - | - | - | - |
| Trustees' pensions | 562 | 374 | 936 | 897 |
| 19,282 | 12,854 | 32,136 | 30,797 |
Any Trustees salaries relate to employment services provided and are not remuneration for services as Trustees.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
Page 9
REVIVAL CHURCH, BILLERICAY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 31.3.23 2 No employees received emoluments in excess of £60,000. 7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund funds £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 73,587 3,110 Investment income - 55 Total 73,587 3,165 EXPENDITURE ON Charitable activities Core 70,882 2,502 NET INCOME 2,705 663 RECONCILIATION OF FUNDS Total funds brought forward 48,276 34,257 TOTAL FUNDS CARRIED FORWARD 50,981 34,920 8. TANGIBLE FIXED ASSETS Fixtures Plant and and Computer machinery fittings equipment £ £ £ COST At 1 April 2022 and 31 March 2023 4,505 935 2,421 DEPRECIATION At 1 April 2022 3,194 714 2,253 Charge for year 828 187 132 At 31 March 2023 4,022 901 2,385 NET BOOK VALUE At 31 March 2023 483 34 36 At 31 March 2022 1,311 221 168 |
31.3.22 2 Total funds £ 76,697 55 76,752 73,384 3,368 82,533 85,901 Totals £ 7,861 6,161 1,147 7,308 553 1,700 |
|---|---|
Page 10
REVIVAL CHURCH, BILLERICAY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
| 9. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|
| 31.3.23 | 31.3.22 | |||
| £ | £ | |||
| Other debtors | 2,871 | 2,068 | ||
| Tax | 1,077 | 827 | ||
| 3,948 | 2,895 | |||
| 10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.3.23 | 31.3.22 | |||
| £ | £ | |||
| Social security and other taxes | 642 | 646 | ||
| Other creditors | 1,339 | 780 | ||
| 1,981 | 1,426 | |||
| 11. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.4.22 | in funds | 31.3.23 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 50,981 | (6,942) | 44,039 | |
| Restricted funds | ||||
| Building Fund | 33,715 | 142 | 33,857 | |
| BabyBasics | 1,205 | 7,471 | 8,676 | |
| 34,920 | 7,613 | 42,533 | ||
| TOTAL FUNDS | 85,901 | 671 | 86,572 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 69,668 | (76,610) | (6,942) | |
| Restricted funds | ||||
| Building Fund | 142 | - | 142 | |
| BabyBasics | 10,903 | (3,432) | 7,471 | |
| 11,045 | (3,432) | 7,613 | ||
| TOTAL FUNDS | 80,713 | (80,042) | 671 |
Page 11
REVIVAL CHURCH, BILLERICAY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.21 | in funds | 31.3.22 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 48,276 | 2,705 | 50,981 |
| Restricted funds | |||
| Building Fund | 33,660 | 55 | 33,715 |
| BabyBasics | 597 | 608 | 1,205 |
| 34,257 | 663 | 34,920 | |
| TOTAL FUNDS | 82,533 | 3,368 | 85,901 |
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 73,587 | (70,882) | 2,705 |
| Restricted funds | |||
| Building Fund | 55 | - | 55 |
| BabyBasics | 3,110 | (2,502) | 608 |
| 3,165 | (2,502) | 663 | |
| TOTAL FUNDS | 76,752 | (73,384) | 3,368 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.21 | in funds | 31.3.23 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 48,276 | (4,237) | 44,039 |
| Restricted funds | |||
| Building Fund | 33,660 | 197 | 33,857 |
| BabyBasics | 597 | 8,079 | 8,676 |
| 34,257 | 8,276 | 42,533 | |
| TOTAL FUNDS | 82,533 | 4,039 | 86,572 |
Page 12
REVIVAL CHURCH, BILLERICAY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
11. 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 | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 143,255 | (147,492) | (4,237) |
| Restricted funds | |||
| Building Fund | 197 | - | 197 |
| BabyBasics | 14,013 | (5,934) | 8,079 |
| 14,210 | (5,934) | 8,276 | |
| TOTAL FUNDS | 157,465 | (153,426) | 4,039 |
The Building fund is towards the purchase or lease costs of new premises for the Church.
The BabyBasics fund is for support for new mothers.
12. EMPLOYEE BENEFIT OBLIGATIONS
The Charity makes contributions into a defined contribution scheme for its employees. The amount charged to the Statement of Financial Activities during the year was £936 (2022 - £897). The amount outstanding at 31st March, 2023 was £182 (2022 - £174).
13. RELATED PARTY DISCLOSURES
Total donations from Trustees during the year amounted to £13,301 (2022 - £13,135).
During the year discarded storage boxes were purchased from the church by Trustees for £50 which was considered to be represent their value.
There were no further related party transaction for the period 31 March 2023, other than those disclosed in note 4.
Page 13