Registered Charity Nurnber 1176260 TOWN CHURCH BICESTER ANNUAL REPORT AND FINANCIAL STATEMENTS FOR YEAR ENDED 31" MARCH 2024
TOWN CHURCH BICESTER YEAR ENDED 31" March 2024 Contents Church Information Trustees Report Independent Examiners Report Statement of Financial Activities Balance Sheet Notes to the accounts
TOWN CHURCH BICESTER YEAR ENDED 31" March 2024 CHURCH INFORMATION TRUSTEES lan Lancaster Jonathan Reid Simon Poole Peter Cockram CHARITY NUMBER 1176260 CONTAC[ ADDRESS Jonathan Reid 4 Heather Road Bicester OX26 3YR PLACE OF WORSHIP Longfields Primary School Bicester OX26 6QL BANKERS TSB Bank PIC Wantage Branch PO Box 1000 BX4 7SB INDEPENDENT EXAMINER Geoff Mann ACIE Geoff Mann Limited Dee House Highworth Avenue Cambridge CB4 2BQ
TOWN CHURCH BICESTER YEAR ENDED 31" March 2024 TRUSTEES REPORT The Trustees have pleasure In presentlng the annual report and accounts for the church for the Year Ended 31" March 2024 l. Objertives and activities The objects of the charity are the advancement of the Christian faith in accordance with the Basis of Faith primarily but not exclusively within Bicester and the surrounding neighbourhood, as well as carrying out such other charitable purpose5 as shall, in the opinion of the charity trustees put into practice the Christian faith in accordance with the basis of faith. 2. Structure. governance and management The church is a Charitable Incorporated Organisation. charity number 1176260, and wa5 registered with the Charity Commission on 13 December 2017. The church is governed by the church members, which includes the Trustees. and the Trustees have ultimate oversight. The Trustees are appointed by a majority of the church members. The Trustees who arted during the yearwere: lan Lancaster Jonathan Reid Simon Poole Peter Cockram lappointed November 20231 Review of Activity Town Church Bicester became a church 13 December 2017. these accounts are the slxth accounts produced by the church and represent the sixth full year of operation. The church's vision continues to be the advancement of the Christian falth in accordance with the Basis of Faith primarily but not exclusively within Bicester and the surrounding neighbourhood. We have continued to approach this in a number of ways during the period. including-
TOWN CHURCH BICESTER YEAR ENDED 31" March 2024 gathering together each week on Sunday afternoon at a local school for prayer, praise and learning from the Bible; mid-week small groups for mutual support and encouragement. monthly and weekly prayer meetings,. a day away for mutual support and encouragement- outreach events such as the Summer Fun Day, Men's Curry and Women's Craft Night where we seek to reach out into the local community, meet those who live nearby to play games, make crafts, build relationships and speak about the Christian faith,. We continue to grow in number, and regularly have almost 100 attendees present at our Sunday services. Our membership is over 40 and continues to grow. From a financial perspective we have started with a healthy balance in our cash account and have continued to see an increase in the balance. Growth in the cash account is driven by increased giving by current member5, along with the addition of new members in the year. 4. Financial review and reserves policy Funds in the bank at 31 March 2024 were £36,507 of which £2,862 is restricted funds for the purpose of the work of John Ventress with Wycliffe Bible translators. The church seeks to retain enough reserves for the ongoing work of the Church. S. Public Benefit The Trustees consider that the activities as described above fulfil the requirements of the Charity Commission's public benefit disclosure. 6. Risk Management The church members and Trustees regularly consider the risks to which the charity may be exposed and are satisfied that systems are in place to mitigate exposure to the major risks. On behalf of the Trustees Trustee Date: 1112124
TOWN CHURCH BICESTER YEAR ENDED 31" March 2024 INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 TO THE TRUSTEES OF TOWN CHURCH BICESTER I report to the trustees on my examination of the account5 of the charity for the year year ended 31 March 2024 RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND THE EXAMINER As the charills Iruslees you are responsible for the preparation of the accounts in accordan with the requirements of the Charities Acts 203 1 1.the Act"). I report in respect of my examination of your charity'5 accounts carried out under section 145 of the Act, and in carrying out my examination I have followed the applicable directions given by the Charity Commission under section 14515}Ibl of the Act. INDEPENDENT EXAMINER'S STATEMENT I have completed my examination. I confirm that no material matters have come lo my attention in connection with the examination giving me cause lo believe that in any material respect". the acwunling re¢ords were not kept in respect of the charity as required by se¢tion 130 of the Act,. or the accounts do not accord wllh those records,. or the accounts do not comply wlh the applicable requirements conceming the form and conlenl of accounts set out in the Charities {Accounls and Reportsl Regulations 2008 other than any requirement that the acwunls give a 'lrue and fair, view which is not a matter considered as part of an independent examination I have no con¢ems and have come across no other matters in connection with the examination to which allenlion should be brought in this report in order lo enable a proper understanding of the accounts to be reached. Geoff Mann Geoff Mann Limited Dee House Highworth Avenue Cambridge CB4 2BQ
TOWN CHURCH BICESTER YEAR ENDED 31" March 2024 statem8nt of Flnanclal A¢tl¥ltl88 for thè Yèar End•d 31st Mar¢h 2024 Notes 2024 23 incom8 from- Donaiions 99.047 72.344 Restricted giving Charitsble Activitie8 8,361 5,213 610 107,856 78.167 Exp•ndlturE from.. Charitable activiti 79,305 76.059 Restricted giving 8.006 2.706 87,310 80.765 Gèneial Not In¢omelloxp8ndlturo1 General funds al 151 April 2023 General funds al 31st March 2024 20.190 -5,105 35,171 30.066 50.256 Restrlcted Net Incomellexpenditurel Restricted funds 8t 1st April 2023 Rtsiri¢ted funds at 31st March 2024 355 2,507 2.507 2,B62 2.507 Statement of Financial Position aj at 31 hlarch 2024 Notè$ 2024 2Q23 Flxed a6S•ts T1b assals urr•nt ass•ts 4.974 S,6 Detsr& 12.362 7.614 Ceth at bank 46.869 30,687 ¢roditors.' amDurtsfAlbng d0 %¥lthln on• ar 724 3.720 N•tas8•ts 32.573 Vnreslrithj fu8 5025B 3D,O R8strictsd runts 2.862 2,$07 The fin*n¢1 $i¥temenis were Appm by lh•TrUSt on KXXX Jonathan R•d Ch4lr¢lTrUS0
TOWN CHURCH BICESTER YEAR ENDED 31" March 2024 NOTES TO THE ACCOUNTS Ac¢ountlng poll¢ieS BJ$lsolpropar4tloD The nnan¢ial st2tements have been piepared In accordance1h Ihe thJrll5 Cwslilution. th• Chariti8sAct 2011 End-A¢wuThiing end REpuTting by ChBribe5". SlatptnEntof RecxxnmEnded Pta¢ti¢è appli¢able to ¢h8nli¢s preparing Ih8ir8cc<Junts In accordan¢ewith Iho Finwcl RgPQTfyng Standard applIC in th9 UK and RowblOf IraLwnd IFRS 10211@ffucbv4 i Jnuary20191". Th¢ ¢harityl$ a PUN8&8[1t Enbty as dèfinèd by FRS 102. Golng ConcorTr At tmB olarpr<win9 Eh8 finanual sLgt8m@nls. the Truste havea reason expedèbon IhaithecaThiy has ayequa18r8s0ur lo conlinut n Cveraln&l exislenGe for Ihe foreseea8 fvlure. Thus Twsleescontinue to attopt Ulp on? tonoern b8Si8 olaccovnbng pr@P8ring the fin¥nci4 gtatsmgllt& Incom• is 18wnlz9d Ihg be¢¢)mes gntlued to th81[S virtuaNy etrtèin they recer ihe income.. and th• mDurt Gèn mEasurEdNMth suffIEnt IEli8tMlity. Expondllur• Expendiiure 18 rectynised on an 8c¢iual8 b8&s 88 a IKqt4hty16 in¢urr•l. ExpeThliture mel4YvAT whKth b8 lulyrorov4tÉd and Is portgd as of thgexpgnJiuTe to which il rglalF Tangibl•fix•d Jss•ts Tangitlefixe¢ J$¥gtsJr• m•e¥uwd Jlcosl minusdeprery8bon. D•pr•cl¥lon DeVe¢laon is p[oVed on #11 t[1e fixEd a55et5 at te5 calculèted tDWrite off thÈ tosl lÈs$ 88bmatad al Each ass81 ov8riL% 8xpBci8d us8(u11il@as tolows". 20% straight line ba5 33.33% Straht Ewlpmertl Dgblors TTade debtat3 andotywo8blo are reGO9nised allhoirsellrn8nl amuntdueafteranydiscounts. FOpeIS are v4u9d allhg ¥tnwnt piepaid net ol eny Irade dtscount rfue. Cr•dltorB •nd Pro%10$ Cre(htOTS prowyons recognlsgd where tho charfly has a sent obliga1 resulting Imm a pasi eventlhai 1[ piobably resul In Ihe tr8nsleroflunds104 third party and the amounidue io settle ihe obligation can be meèxured or Èsbmied reliably. CreilitorsAnd provisn$ B nonnalty r•wnitad atth91rsgldBrnontanKwnlaftgr forwy tr•16un1s duè. T4x4llon A¥ g ¢h8rity, Town ChLYth Bi¢è$terl$ èxetY41iknm CorpDrtbDn T¥A. Pe1•$ cthtdbut15 to dpfined conon t5r8 Èxpensed In the iowhl¢h eY te. Employ••s 2024 2W2J
TOWN CHURCH BICESTER YEAR ENDED 31" March 2024 Numberof pets5 efflployed tylho ¢hèfity Employrnent cosb 2024 2J aggs and 32,7 36,821 Socigl $ÈCurily costs Otherpenslon costs 1209 2.255 2.077 34.9J1 39.107 DonalL R•9uL4rGiftAidèblk 72A28 52.320 600 RegUrthn GIftA4ab 1.800 Non Gitldabj0 3.763 5283 Grftfvid Tax Recknim 17.993 99.047 72,314 R4gtrklqd Don*tlon$ JohnVentress-VWydiffg 6,689 4.170 Glft on restricted wvin9 1,$72 1.043 8,361 5.213 Charftabl• xllvSlleJ Iorn• Evenin9 dDnatsS Ladies. Evenings donan6 123 325 266 75 EXpre dDnèlons 448 ChÈrftable a¢tlvlde$ •Xp•drtYrv ers, Staff and Inttm 37,OS1 40.675 Sunday Galherkn 7,633 5.665 chI[en,$ 767 Regulargroup% 2.616 M9e[S Trakn 1.66S off evontS s.r28 3.732 DtyAway FeeGoVernoncè (IE F&• tSOU} 1.443 2.638 2.230 Costs 1.945 1.760 8yrl( ¢hyrg8 Dèpe¢1&oTh 2.728 2,746 Mis$¥Jnary Gr[j 14.220
TOWN CHURCH BICESTER YEAR ENDED 31" March 2024 79.3QS 78,059 R1¢t ylvlng SuFVQrt John Venlrp 8.006 2706 8.006 27118 Tawlblèflxed asuts T•ch Epulpm¢n Plu$l¢ Equiprnenl GAn•ral E4upment Vehicles Tolal C051 At 1 Apri12023 3051 1477 480 11498 Addition$ 2028 At31 March 2024 51 3505 548 13584 D•wg¢latlon Al 31 Maich 2023 212S 237 258 5882 Dtyr8C&tn during th8 year At 31 klarch 395 173 2728 2989 3672 431 8fj1Q N•t bookvlu• At 31 March 2024 62 Y.987 2.808 4.974 Al 31 Mqrch2023 926 4.104 222 Dbtbrs 2024 2023 OtrrdeblOYS 11,8SO 7.085 Piepaymems 549 12J62 714 10 Cash at Ban C&&h &tgank 3S.736 21626 PkoA£touni 447 771 3e,607 21on ¢redllor5: amounlsfallng wlihln 2024 2023 724 3.720 12 Trust•45 io
TOWN CHURCH BICESTER YEAR ENDED 31" March 2024 &mDn Pode. atTUStep. is employed by asallowed and In accordanc ilh the ¢harils consknLulion. He recgived pay of£18,QW12023'. £18.0001 and p•A$n contri41£1,dll wfjre Pa on hiSbthI. (2023.. £1.4401. Aspart Dltheirdutiesg5 irust3. thIBe rfj¢eW Èxpen3e5 amntiral £613 (2023.. £1911 13 R•lalod partytran$adions The were no41sdo5ab reLitsd party trans*lonsdurfng the ye8rl2023-nonel li