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|Trustees||||
|---|---|---|---|
|Name|Office(ifapolicable)|Dateappointed|Appointing bodv|
|BainesCharlie|Elder|LMay2023|Constitution|
|BulpittLuke|Elder|L5January 2020|Constitution|
|Cooke Graham|Pastor|18October2017|Constitution|
|GagerMelanie||18october2017|Membership|
|JenningsMichele||18October20L7|Membership|
|MaffeyDavid|Chairman|18October20L7|Membership|
|MarettDavid|Elder|18October2017|Constitution|
|MarkiewiczPeter|Treasurer|18October2017|Constitution|
|ScottPaul||2April2O2O|Membership|
|SheppardMaire||2 April2020|Membership|
|TamkenMark|Elder|18October2017|Constitution|
|WederellTom|Pastor|1September2020|Constitution|
|Young Barry||18October2017|Membership|
##
##
##
##
##
##
|ub
CHARIIYCOMMISSION
FORTN6IANDANDWAIES|Kennet VallevFreeChurch
Annualaccounts forthe|Kennet VallevFreeChurch
Annualaccounts forthe|Kennet VallevFreeChurch
Annualaccounts forthe|Kennet VallevFreeChurch
Annualaccounts forthe|1174002
period|||
|---|---|---|---|---|---|---|---|
||Periodstartdate||O,ltO1lZOz3|To|Fenooeno
date|3111212023||
|||a
(.)||||||
|||z||||||
|||0)oc
(g
'5
(,|Unrestricted
fundst|Restricted
income
fundst|Endowment
fundst|Totalfunds
tt|Prior year
funds|
|lncoming resources(Note3)|||F01|F02|F03|F04|F05|
|lncome and endowments from:||||||||
|Donatronsandlegacies||s01|189.462|19.162||208.624|225.112|
|Charitable activities||s02|16.778|||16.778|16,689|
|Othertrading activities||s03||||||
|lnvestments||s04|3.961|||3,961|1,051|
|Separate materialitemofincome||s05||||||
|Assets transferred from previous charity||s06||||||
|Total||s07|210.201|19.162||229,363|242,852|
|Resources expended (Note4)||||||||
|Expenditureon:||||||||
|Raising funds||s08||||||
|Charitable activities||s09|197,269|12,265||209,534|178,407|
|Separate materialitem ofexpense||s10||||||
|Other||s11||||||
|Total||sl2|197.269|12,265||209.534|178,407|
|Netincome/(expenditure)before|investment|||||||
|gains/(losses)||Q1a|12,932|6,897||19,829|64,445|
|Netgains/(losses)on investments||s14||||||
|Netincome/(expenditure)||s15|12,932|6,897||19,829|64,445|
|Extraordinaryitems||Jto||||||
|Transfersbetweenfunds||s17|5,000|5,000||||
|Other recognised gains/(losses):||||||||
|Gains and losses on revaluationoffixed assets|forthe charity's ownuse|s18||||||
|Othergains/(losses)||Qao||||||
|Netmovement in funds||s20|7.932|11,897||19,829|64.445|
|Reconciliation offunds:||||||||
|Total fundsbroughtforward||s21|170,181|1.503,774||1,673,955|1,609,5'10|
|Totalfunds carried fonuard||s22|178,113|1.515.671||1,693,784|1,673,955|
||a||||||
|---|---|---|---|---|---|---|
||o)||||||
||oz||||||
||0)
(-)
C||Restricted||||
|Fixed assets
Tangible assets
Current assets
(Note9)
Totalfixedassefs|(trp
l(,
a0z
805|Unrestricted
funds
€
F01
31,t4
31,/6/|income
funds
€
F02
1,506,556
1,560,556|Endowment
funds
t
F03|Totalthis
year
€
F04
1,598,323
1,598,323|Totallast
yeart
F05
1,598,323
1,598,323|
|Debtors
(Note10)
Cash at bank andinhand (Note12)
Totalcurrentassets|Bo7
Boe
Blo|31,963
117,642
149,605|2,932
901
3,633||34,895
1U,543
153,438|29.724
113,013
142,737|
|Creditors:amountsfallingduewithin|||||||
|oneyear
(Note11)|811|3,259|9.424||12,683|13,022|
|Netcurrentassets/(IiabiIities)|812||1||1|129,715|
|Iotalassetslesscurrent liabilities|813|I/U.113|1,560,965I|||1./Je,u/u|1,728,038||
|Creditors:amounts fallingdueafter|||||||
|oneyear
(Note11)|814||45.294||45,294|54.083|
|Totalnet assefsorliabilities|816|178,113|1,515,671||1,693,784|1,673,9s5|
|Fundsof theCharity|||||||
|Restrictedincomefunds(Note27)|818||1,515,671||1,515,671|1,503,774|
|Unrestricted funds|819|178.113|||178,113|170,181|
|Totalfunds|821|17E,113|1,515,6/1||1,693,784|1,673,955|
##
##
##
|Note2|Accountingpolicies|
|---|---|
|2.1TNCOME||
|Recognitlonofincome|These are includedintheStatemen.lof Flnancial Activities (SoFA) when;
.
the charity becomes entitled to the resources|
||it is morerikerythan not that the trusteeswirlreceivetheresources. and
r
themonetaVvalue can be measured with sufficjent reliabiljty.|
|Offsetting|There has beennooffsettlng of assets andliabilitresor rncome and expenses, unless required or
permittedbytheFRS 102soRpor FRS102.|
|Donations|Donations are only lncludedinthe SoFA when the general rncome recognition criteria are met (510
to 5 12FRSl02SORP)|
|Legacies
Tax reclaimson
donations andgifts|Legacies are includedinthesoFAwhenreceapt rsprobabre, thatiswhen there has been grantof
probatethe executors have established that there are sufficient assetsinthe estate andaiy
conditions attached tothelegacy are either within the controlofthecharity or have been mei
GiftAidreceivableisinciudedinincomewhenthereisavaliddeclarationfromthedonor
AnyGift
Aid amount recovered on a donationrsconsidered to be part of that gift andistreated,.,nuidition
to the same fundasthe initial donation unless the donor or the termsofthe appeal have specified
otherwise|
|Volunteerhelp|The valueofanyvoluntary help received is not includedinthe accounts butisdescribedinthe
trusteesannualreport.|
|lncomefrominterest|This is incrudedinthe accounts when recerpt is probable and the amount recervabie canbe
measured reliably.|
|2.2 EXPENDITURE|AND LIABILITIES|
|Liabilityrecognition|Liabilities are recognised whereitis more likely thannotthat thereisa legal or constructrve
obligation committing the charity topayout resources and the amount of the obligation canbe
measuredwithreasonable cenainty.|
|Governance costs|Governance costs comprise ali costs involving publlc accountabilityofthe charity anditscompltance
wrth regulation and good practice|
|Grantswithperformance
conditions|Where the charity gives a grant with conditions for its payment being a specjfic level of service or
output to be provided, such grants are only recognisedinthesoFAonce the recipientofthe grant
has provided the specified service or output.|
|Grantspayablewithout
performanceconditions|Where there are no conditions attaching to the grant that enabtes the donor charity toreatistcaily
avordthe commitment, a tiability for the fult funding obligation must be recognised.|
|Redundancycost|The charity made no redundancy payments during the reporting period.|
|Deferred income|No material item of deferred income has been lnc{udedinthe accounts.|
|Creditors|The charity has creditors which are measuredaisetflement amounts less any trade discounts|
|Basic financial
instruments|The charity accounts for basic financial rnstruments on initial recognition as per paragraph10.7
FRSl 02SORPSubsequent measurementisas per paragraphs1L17to1 1.19, FRSI 02SORp|
|2.3ASSETS||
|Tangible fixed assetsfor|These are capitalisediftheycan be used for more than one year. ano cost at leastt50o|
|usebycharity||
||They are valued atcost.|
||The depreciation rates and methods used are disclosed in note9.2|
|Debtors|Debtors (including trade debtorsandoans receivabte) are measured on initial recognition at
setflement amount after any trade discounts or amount advancedbythecharity.subsequenfly, they
are measuredatthe cash or otherconsidera|onexpectedtobe received.|
||Analysis of income|||||||
|---|---|---|---|---|---|---|---|
|||||Restricted||||
||||Unrestricted|income|Endowmenl|||
||||funds|funds|funds|Totalfunds|Prioryeal|
|||||||€|€|
|Donations|Donations and oifts||153.884|14673||168.557|193.676|
|andlegacies:||||||||
||3iftAid||35578|4449||40047|?1AA,A|
|||T|189.462|19,162||208,824|225,112|
|Charitable||||||||
|activities:|atfind in.^mr||16.778|||16778|16 689|
|||Total|16,778|||16.778|16689|
|lncomefrom||||||||
|investments:|lnterest income||3.961|||3.961|1,051|
|||Tota|3.961|||3.96r|1,051|
|Other:||||||||
##
##
|6.1Staff Costs||||
|---|---|---|---|
|||Thisyear|Last year|
|||€|€|
|Salariesandwages||108,490|102,085|
|Socialsecuritycosts||4,951|4,588|
|Pension costs (definedcontributionscheme)||6,187|5,651|
|Otheremployee benefits||||
||Totalstaffcosts|119,628|112,324|
##
##
##
##
|8.'1Analysis ofgrantspaid(inclu|dedincostof charitable|activities)|||
|---|---|---|---|---|
||Grants to|Grants to|||
|Analysis|institutions|individuals|Suppoft costs|Total|
||||€|t|
|Support for missionarv activities|18,207|10100||28347|
|Total|18,207|10,100||28,307|
##
|Namesofinstitution|Purpose|Total amountof
qrants oaid€|
|---|---|---|
|REACH|lndependent support for Religious|IO5l)|
||Educationin Schools||
|Tearfund
TheWayMinistry
SIM lnternational|Reliefwork
Homeless support
Overseas Mission andreliefwork|3 850
^trn)
2000|
|Operation ConcernCharity|Drug rehabilitation|1.200|
|MessianicTesttmony|Overseasmission|2500|
|Totalgrantstoinstitutionsinreporling period||16,743|
|OtherunanaIysedgrants||1.464|
|TOTALGRANTS PAID||18,207|
##
|9.1Cost or valuation||||||
|---|---|---|---|---|---|
||Freeholdland|Other land|Plant,|Fixtures,|fotal|
||&buildings|buildings|machineryand|fittingsand||
||||motor vehicles|equipment||
||t||€|f|€|
|Atthebeginning of|1,598,323||||1,598,323|
|the year||||||
|Additions||||||
|Revaluations||||||
|Disposals||||||
|Transfers*||||||
|Atend of the year|1,598,323||||1,598,323|
##
|9.2Deprecia|tion and i|mpairments||||||
|---|---|---|---|---|---|---|---|
||"*Basis|SLorRB|SL or RB|SL orRB|SLorRB|SL or RB|StraightLine|
||||||||("SL") or|
||||||||Reducing|
||||||||Balance|
||||||||("R8")|
||**Rate|None||||||
|Atbeginning|ofthe|||||||
|year||||||||
|Disposals||||||||
|Depreciation||||||||
|lmpairment||||||||
|Transfers*||||||||
|Atend of the|year|||||||
|9.3Net book value||||||||
|Net book valueatthe||1,598,323||||1,598,323||
|beginning of|the year|||||||
|Net book valueatthe||1,598,323||||1,598,323||
|end of the year||||||||
##
##
|11.1Analysis of creditors||||||
|---|---|---|---|---|---|
|||Amounts|fallingdue|Amounts fallingdueafter||
|||within|one year|morethan|one vear|
|||Thisyear
t|Last year
t|Thisyear
t|Last year
€|
|Accruals for grantspayable||||||
|Bankloansandoverdrafts||9,424|10.074|45.294|54,083|
|Tradecreditors||||||
|Payments received onaccountforcontractsor||||||
|performance-relatedgrants||||||
|Accrualsanddeferredincome||840|800|||
|Taxationandsocial security||2,419|2.148|||
|Othercreditors||||||
||Total|12,063|IJ,VZZ|t5,294|C4,U6J|
|Note|12
Cash at bank and in hand|||
|---|---|---|---|
|||This year|Lastyear|
|Short|term cash investments (less than3months maturitydate)|e|€|
|Short|term deposits|||
|Cash
Other|atbankand onhand|118.543|113,013|
|Total||18,543|13,013|
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##
|||Reasonfor transferand whereenoownrent@|
|---|---|---|
|||al powerforits conversion|
|Between|unrestrictedand|Transfer to Maintenance fund (t4O|
|restricted|funds|provide for future costs|
##
##
|anyremunerationorotherbenefits|paid toa trusteebythec|harity or any i|nstitution or|companyconn|
ectedwith|
it.|
|---|---|---|---|---|---|---|
||||Amounts|paidor benefit|value||
||||Thisyear|||Last vear|
||Legalauthority(eg|Remuneration|Pension|Redundancy|Other|IOTAL|
|Name oftrustee|order, governing||contribution|(including|||
||document)|||lossof|||
|||||office)/ex|||
|||t|t||t|f|
|Graham Cooke|Governing document|41,770|2.281|||46.206|
|Tom Wederell|Governinq document|23,627|1.751|||21.090|
|CharlieBaines|Governing document|30.313|1,516||||
|Pleasegive details ofwhyremuneration or other||Employed as|Pastors||||
|employmentbenefits were paid.|||||||
##
||Typeof expenses reimbursed||This year
L||Last year
f||
|---|---|---|---|---|---|---|
|Travel||||0||0|
|Ministryrelated||||142||155|
|Conferences||||500||0|
|||TOTAL||642||155|
##