**Silverton Evangelical Church School Road Silverton Devon EX5 4JH** 


**SILVERTON EVANGELICAL CHURCH REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022** 

Web: http://www.silvertonevangelicalchurch.org.uk/ Registered Charity No: 1177666 



## **SILVERTON EVANGELICAL CHURCH** 

## **YEAR ENDED 31 DECEMBER 2022** 

## **CONTENTS** 

||**Page**|
|---|---|
|Legal and Administrative Information|1|
|Trustees' Annual Report|2-5|
|Independent Examiner's Report|6|
|Statement of Financial Activities|7-8|
|Balance Sheet|9|
|Notes to the Accounts|10-14|





## **SILVERTON EVANGELICAL CHURCH** 

## **LEGAL AND ADMINISTRATIVE INFORMATION** 

## **YEAR ENDED 31 DECEMBER 2022** 

|**CHARITY NUMBER**|1177666|
|---|---|
|**ADDRESS**|School Road|
||Silverton|
||Exeter|
||EX5 4JH|
|**TRUSTEES**|T Browne|
||R Carne|
||N Maylan (appointed 12 June 2022)|
||R Salisbury (Chair)|
|**KEY MANAGEMENT**|A Mathers|
||Church Leader and Community Worker|
|**BANKERS**|Barclays Bank Plc|
||3 Bedford Street|
||Exeter|
|**SOLICITORS**|Gilbert Stephens LLP|
||15-17 Southernhay East|
||Exeter|
||EX1 1QE|
|**INDEPENDENT EXAMINER**|Dane Bradley-Carter BSc FIAP|



> [1 ] 



## **SILVERTON EVANGELICAL CHURCH** 

## **TRUSTEES’ ANNUAL REPORT** 

## **FOR THE YEAR ENDED 31 DECEMBER 2022** 

The Trustees present their report together with the financial statements for the year ended 31 December 2022. 

The financial statements have been prepared in accordance with the accounting policies set out on pages 10 and 11 and comply with the Church Constitution, the Charities Act 2011 and the requirements of the Statement of Recommended Practice "Accounting and Reporting by Charities" (FRS 102). The legal and administrative information set out on page 1 forms part of this report. 

## **Objectives and Policies** 

The principal purpose of the Church is the advancement of the Christian faith through preaching and teaching of the Gospel and by supporting mission at home and overseas. The Church Constitution is supported by a Core Values document which sets out our vision as "We are a family of Christians worshipping God, enabled by the Holy Spirit to follow Jesus.  We are committed to growing in maturity together in Christ through the study of the bible and prayer. In our daily lives we desire to share God's love, reaching out in service to our local community and beyond".  In planning our activities, we consider the Charity Commission’s guidance on public benefit and in particular, the specific guidance on charities for the advancement of religion. 

## **Organisation and Structure** 

The Church is overseen by Trustees who are all members of the Church. New Trustees are nominated by the membership and their appointment, for a three year term, is voted upon by the members at the AGM. There is no maximum number of Trustees. At the end of their term of appointment a Trustee may be reappointed at the AGM. 

The Church operates a membership.  Individuals apply to join and they are visited by two Church members who report to the next Trustees' meeting and if their application is supported,  they are normally welcomed as a member at the next Church communion service. Our membership is stable at just over 60 with a few new members welcomed during the year and almost 20 children in member families. 

The spiritual activities of the Church are delegated by the Trustees to a Ministry Team of four who are drawn from the Church membership.  New Ministry Team members are approached by the Trustees and if they agree to serve in this role, and are recognised and ratified at the following Church meeting, then they serve the Church as long as their endorsement is not rescinded.  The Ministry Team normally meet on a monthly basis to consider the life of the Church. 

The activity of the Church is broken down into various areas and teams drawn from the Church membership exist to develop each area.  The teams responsible for Sunday services, home groups, prayer, pastoral care, children and young people's activities, community action and mission are led by the Ministry Team. 

Other activities including finance, building management, communication, website management, the relationship with hirers of our church building and sundry practical issues are led by five other members who, along with two of the Ministry Team, form the Resources Team. This team meets bimonthly.  A Finance Team of four members meet at least quarterly and two of their members serve on the Resources Team. A Care Team of seven, including three of the Ministry Team continued to serve the membership. 

Overall 17 church members serve in these teams and many others are also involved in teaching the young people and supporting Messy Church as well as serving in other practical groups. 

The Church holds an Annual General Meeting and typically one other Church members’ meeting each year to discuss the activity of the Church and these are very well attended. 

> [2 ] 



## **SILVERTON EVANGELICAL CHURCH** 

## **TRUSTEES’ ANNUAL REPORT** 

## **FOR THE YEAR ENDED 31 DECEMBER 2022** 

## **Achievements and Plans** 

Last year we reported that the impact of Covid upon all of our Church operations had finally eased and by the end of the year our regular Sunday service attendance was around 50. The number of people attending this year has increased a little. As some people are unable to attend each week we continue to record the teaching material and uploaded it to our website as often as possible. On other occasions this was made available on our private WhatsApp group. 

We were asked to host the village Christmas Tree Festival, which had taken place in the parish church and Methodist church in the years before covid. It was great to see so many trees in the building over the weekend with many visitors. The church was also partly decorated for this activity which then was used as we were able to reintroduce our normal candlelit carol service on the Sunday before Christmas Day. It was great to see so many people including quite a few people who only attend this service each year. 

The Care Team continued to support a  number of people who were unable to get to a Sunday service. This included regular visits at home including sometimes taking communion to them. 

Our homegroups continued to grow in number of regular attendees so that conversations started about the formation of a second day time group. The Friday evening young people’s clubs continued to be very popular with high levels of attendance. They had a great weekend away at the Christian Activity Centre in Georgham, North Devon. It would be great to be able to offer a third group for younger children on a Friday evening but we do not have the leaders and helpers to operate such a group. Therefore, with the aim of supporting these younger children, we started a monthly Monday Messy Church after school. This is popular with the church families and the number other families in the village who attend is growing. The baby group for new mothers continued to meet each Friday morning with new mums joining and  often then staying on to join the popular parent/carer and toddler group which meets later in the morning. 

We identified that following covid many other village groups had not started up again. This was particularly noticeable for the senior members in our village. Therefore we started a monthly Pop Up Café on a Tuesday morning. Typically over 20 people attend and, again, we have a great team supporting this activity. 

For the first time in a few years we held funeral services for three of our church members. While it was a sad time, particularly for the families involved, it was great to celebrate lives well lived and the hope that we have for eternity. The church was also packed for a funeral service for a young woman who had grown up in the village who died very unexpectedly. 

The Trustees and Ministry Team believe that, while core activities may continue to  be similar, there are a number of key objectives for the new year: 

## **1 Recording and making available Sunday services** 

Sunday worship is a key opportunity for the whole church to gather. However some elderly members are no longer able to do this while others are sometimes away due to illness or other commitments. Recording the service so it can be watched at a later date helps keep everyone connected. In 2021 we invested in the equipment required to make this possible and are working on making this available after each Sunday service in an improved manner. 

## **2 Support for children who are moving on to secondary school** 

It is great to report that we have a number of young people who have now moved to secondary schools. Supporting them and discipling them is seen as an increasingly important church activity. Unfortunately  we are unable to find sufficient volunteers to support this vital work. Therefore we are looking at how we may recruit a part-time person to lead this activity. 

> [3 ] 



## **SILVERTON EVANGELICAL CHURCH** 

## **TRUSTEES’ ANNUAL REPORT** 

## **FOR THE YEAR ENDED 31 DECEMBER 2022** . 

## **3 Village support and outreach** 

We want to continue to contribute to village events. We plan to support the King’s coronation celebrations and perhaps host a community meal later in the year. We also hope to continue to support the very popular village Street Market. We hope our contributions will lead to an increased interest in faith issues and we plan to run groups where faith can be explored by those who show an interest. This will probably take place over a meal in the local pub later in 2023. 

## **Financial Review** 

The majority of our income comes from regular monthly donations from our members. Our offerings, including gift aid refunds, increased to £63,144 from £57,365 in 2021. We also received other gifts plus sundry other income, including some rental income, of £2,380 (£1,655 in 2021). This generated total unrestricted income, excluding the weekend away income of £66,024 (2021 £63,311). 

Total unrestricted expenditure, excluding the weekend away costs was £51,684 (2021 £48,073) including a depreciation charge of £3,225 (2021 £3,011). This also included mission giving to other charities and individuals engaged in Christian service of £5,993 (2021 £5,098). 

This created a cash surplus for the year, after excluding the depreciation  charge of £17,565 which is a very encouraging outcome. However it is very important that this continues as after allowing for an interest charge of £2,003 then £12,997 was used to reduce the loan from SWBA to purchase the Church manse. We are due to continue to pay £15,000 each year until August 2030. It is encouraging to see this loan will drop below £100,000 in 2023.  Consequently the church assets increased again.  At the year end we had £29,868 held in bank accounts and a further £9,165 was due from HM Revenue and Customs under the gift aid scheme. 

## **Investment Policy** 

The Finance Team have considered the most appropriate policy for investing any funds that will not be used for the day to day activities of the Church.  As they are quite modest they are held in Barclays Bank accounts with the bulk of the funds held in an interest bearing deposit account. 

## **Reserves Policy** 

The church receives most of its income monthly from its members therefore its income is relatively consistent throughout the year. However gift aid is an important element and this is normally claimed once a year and received early in the following year. It is the policy of the Church to maintain reserves of at least two months’ normal expenditure which includes monthly loan repayments. This is calculated at £10,000. Total assets held as unrestricted funds at the year end were £506,183 but most of this is invested in the church building and manse so cannot be spent. We also have various fixtures, fittings and equipment totalling just over £20,000.  Therefore only cash of £29,868 is regarded as free reserves (as the gift aid debtor is only received in the new year) and this is reduced to £28,867 when the small restricted reserves including the Family Support Fund (see note 4) are excluded. This is also reduced by the designated reserve of £5,000 to contribute to planned building refurbishment work (see note 3) to £23,868. 

> [4 ] 



## **SILVERTON EVANGELICAL CHURCH** 

## **TRUSTEES’ ANNUAL REPORT** 

## **FOR THE YEAR ENDED 31 DECEMBER 2022** 

The Finance Team produce an annual budget based upon the level of regular monthly income receivable and anticipated annual expenditure. For 2023 this budget shows a cash deficit of £12,00 excluding the designated expenditure.  If this is deducted from the free cash reserves the balance is approaching £12,000 which exceeds the reserves policy requirement by £2,000. At a church meeting in March 2023 it was agreed to consider the recruitment of a part-time employee working with children and young people and therefore we will continue to look at raising increasing levels of income from both the church membership and local charities and other interested groups. 

## **Safeguarding** 

With the return to physical meetings it was possibly to resume in person safeguarding training. During the year the church hosted a training day, on behalf of the South West Baptist Association, and a significant number of church members attended. We take the care of children and vulnerable adults very seriously and work is currently ongoing updating our extensive safeguarding policy which is based upon the model document generated by the Baptist Union. 

## **Risk Review** 

The Trustees and Resources Team examine the major risks that the Church faces each financial year. These are brought to the attention of the Church Membership at either the AGM or Special Church Meetings. 

## **Trustees' Responsibilities** 

Charity law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the financial position of the charity during the year and of its financial position at the end of the year.  In preparing those financial statements, the Trustees follow best practice and: 

- select suitable accounting policies and apply them consistently; 

- make judgements and estimates that are reasonable and prudent; 

- state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. 

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ascertain their financial position and to ensure that the financial statements comply with the Charities Act 2011 and regulations thereunder.  They are also responsible for safeguarding the assets of the charity and for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

## **N BEHALF OF THE TRUSTEES** 

R   Salisbury 

………………………. 

**Robert Salisbury Chairman** 

**Date:  23[rd] April 2023** 

> [5 ] 



## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES AND MEMBERS OF** 

## **SILVERTON EVANGELICAL CHURCH** 

I report on the accounts of the Church for the year ended 31 December 2022, which are set out on pages 7 to 14. 

## **Respective Responsibilities of Trustees and Examiner** 

The charity’s Trustees are responsible for the preparation of the financial statements.  The charity’s Trustees consider that an audit is not required for this year under (under Section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is required. 

It is my responsibility to: 

- Examine the financial statements under Section 145 of the 2011 Act; 

- To follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and 

- 

- To state whether particular matters have come to my attention. 

## **Basis of Independent Examiner’s Report** 

My examination was carried out in accordance with the General Directions given by the Charity Commissioner.  An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records.  It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from you as Trustees concerning any such matters.  The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the financial statements present a “true and fair view” and the report is limited to those matters set out in the statements below. 

## **Independent Examiner’s Statement** 

In connection with my examination, no matter has come to my attention: 

- (i) which gives me reasonable cause to believe that, in any material respect, the requirements: 

   - to keep accounting records in accordance with Section 130 of the 2011 Act; and 

   - to prepare financial statements which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met, or 

- (ii) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached. 

## **Dane Bradley-Carter BSc FIAP                                                   Date 24[th] October 2023** 

> [6 ] 



## **SILVERTON EVANGELICAL CHURCH STATEMENT OF FINANCIAL ACTIVITIES** 

## **YEAR ENDED 31 DECEMBER 2022** 

|||**Restricted**|**Unrestricted**|**Total Funds**|**Restricted**|**Unrestricted**|**Total Funds**|
|---|---|---|---|---|---|---|---|
|||**Funds**|**Funds**|**2022**|**Funds**|**Funds**|**2021**|
||**Note**|**£**|**£**|**£**|**£**|**£**|**£**|
|**INCOME**||||||||
|**Donations**||||||||
|Offerings and donations||500|53,889|54,389|-|46,769|46,769|
|Tax refunds||-|9.255|9,255|-|10,587|10,587|
|Grants and legacies||-|<br>-|-|1,000|4,300|5,300|
|Week end away||-|13,718|13,718|-|-|-|
|||________|________|________|________|________|________|
|||500|76,862|77,362|1.000|61,656|62,656|
|**Investments**||||||||
|Bank Interest||-|28|28|-|2|2|
|Rental income||-|1,310|1,310|-|810|810|
|||________|________|_____|________|________|________|
|||500|78,200|78,700|1,000|62,468|62,468|
|**Charitable Activities**||||||||
|Other income|||1,042|1,042|-|843|843|
|||________|________|________|________|________|________|
|**TOTAL INCOME**||500|79,242|79,742|1,000|63,311|64,311|
|||________|________|________|________|________|________|
|**EXPENDITURE ON**||||||||
|**CHARITABLE ACTIVITIES**||||||||
|Missionary and charitable donations|7|500|5,993|6,493|-|5,098|5,098|
|**Employment Costs**||||||||
|Salary||-|24,750|24,750|-|24,500|24,500|
|Pension||-|3,035|3,035|-|2,234|2,234|
|Housing costs|||2,431|2,431||2,869|2,869|
|House repairs||-|802|802||2,335|2,335|
|Travel and reimbursed expenses||-|787|787|-|503|503|
|Training fees||-|442|442|-|600|600|
|Week end away costs||392|<br>13,650|14,042|-|-|-|
|**Church Building Expenses**||||||||
|Light and heat||-|1,695|1,695|-|717|717|
|Water rates||-|360|360|-|136|136|
|Insurance||-|715|715|-|730|730|
|Repairs and renewals||-|1,368|1,368|1.000|179|1,179|
|Depreciation||-|3,225|3,225|-|3,011|3,011|
|**Administration expenses**||||||||
|Speaker gifts|||380|380|<br>-|300|<br>300|
|Children teaching materials||-|253|253|-|186|186|
|Leadership training costs||-|170|170|-|-||
|Printing and literature||-|420|420|-|167|167|
|Subscriptions & DBS checks||-|1,104|1,104|-|1,078|1,078|
|Youth work costs||-|262|262|345|366|711|
|Church events||-|96|96|-|58|58|
|Telephone and internet costs||-|432|432|-|364|364|
|Sundry costs||-|286|286|-|171|171|
|Website||-|243|243|-|243|243|
|Loan interest||-|2,003|2,003|-|2,228|2,228|
|||_______|_______|_______|_______|_______|_______|
|**TOTAL EXPENDITURE**||892|64,902|65,794|1,345|48,073|49,418|
|||_______|_______|_______|_______|_______|_______|
|**NET INCOME/EXPENDITURE**||(392)|14,340|13,948|(345)|15,233|14,893|



> [7 ] 



## **SILVERTON EVANGELICAL CHURCH STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2022** 

|||**Restricted**<br>|**Unrestricted**|**Total Funds**|**Restricted**|**Unrestricted**|**Total Funds**|
|---|---|---|---|---|---|---|---|
|||**Funds**|**Funds**|**2022**|**Funds**|**Funds**|**2021**|
|||**£**|**£**|**£**|**£**|**£**|**£**|
||**Note**|||||||
||||||||-|
|Net movement in funds||(392)|14,340|13,948|(345)|15,238|14,893|
|**TOTAL FUNDS**||||||||
|**BROUGHT FORWARD**||1,393|491,843|493,236|1,733|476,605|478,343|
|||_________|_________|_________|______|________|________|
|**TOTAL FUNDS**||||||||
|**CARRIED FORWARD**||1,001<br>  ________|506,183<br> ________|507,184<br> ________|1,393<br>_______|491,843<br> ________|493,236<br> ________|



> [8 ] 



## **SILVERTON EVANGELICAL CHURCH** 

## **BALANCE SHEET AS AT 31 DECEMBER 2022** 

|**Note**<br>**£**<br>**FIXED ASSETS**<br>**Tangible Fixed Assets**<br>**2**<br>**CURRENT ASSETS**<br>Gift Aid refunds<br>9,165<br>Prepayments<br>550<br>**Cash at bank:**<br>Deposit<br>26,110<br>Current<br>3,758<br>_________<br>39,583<br>_______<br>**CREDITORS amounts falling due within**<br>**one year**<br>Accruals<br>Loan South West Baptist Association<br>2,284<br>13,226<br>_______<br>15,510<br>_______<br>**NET CURRENT ASSETS**<br>**TOTAL**<br>**ASSETS**<br>**LESS**<br>**CURRENT**<br>**LIABILITIES**<br>**CREDITORS amounts due more than**<br>**one year**<br>Loan South west Baptist Association<br>**TOTAL ASSETS**<br>**FUNDS**<br>Unrestricted Funds<br>Designated Funds:<br>**3**<br>Church building repairs<br>Restricted Funds<br>**4**|**2022**<br>**£**<br>**£**<br>577,438<br>8,832<br>650<br>24,045<br>2,757<br>_________<br>36,284<br>_______<br>2,986<br>12,997<br>_______<br>15,983<br>_______<br>24,073<br>________<br>601,511<br>94,327<br>_________<br>507,184<br>________<br>501,183<br>5,000<br>________<br>506,183<br>1,001<br>________<br>507,184<br>________|**2021**<br>**£**<br>580,493<br>20,301<br>________<br>600,794<br>107,558<br>__________<br>493,236<br>________<br>488,843<br>3,000<br>________<br>491,843<br>1,393<br>________<br>493,236<br>________|
|---|---|---|



The notes on pages 10-14 form an integral part of these accounts. These accounts were approved by the trustees on 23[rd] April 2023  and signed on their behalf by 

…R   Salisbury **Robert Salisbury** 

> [9 ] 



## **SILVERTON EVANGELICAL CHURCH NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2022** 

## **1. ACCOUNTING POLICIES** 

The financial statements have been prepared under the historic cost convention except for the freehold property which has been included in the accounts at its deemed cost as determined by the Trustees as set out in Note 2. The financial statements have also been prepared in accordance with applicable accounting standards, the Charities Act 2011, the Statement of Recommended Practice: "Accounting and Reporting by Charities" (FRS102) and Financial Reporting Standard 102 (FRS102). 

The accounts include all transactions, assets and liabilities for which the church is responsible in law. They do not include the accounts of church groups that owe the main affiliation to another body or those that are informal gatherings of church members. 

The Church meets the definition of a public benefit entity under FRS 102. 

The financial statements have been prepared on a going concern basis as there are no material uncertainties about the charity's ability to continue operating. 

## **Debtors** 

Debtors are included at the settlement amount due. Prepayments are valued at the amount prepaid. 

## **Cash at Bank and in Hand** 

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of opening of the deposit. 

## **Creditors** 

Creditors are recognised where the charity has a present obligation arising from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount. 

## **Financial Instruments** 

The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. 

## **Incoming Resources** 

## **Voluntary Income** 

Collections are recognised when received by or on behalf of the Church. 

## **Investment Income** 

Interest entitlements are accounted for as they accrue. 

## **Resources Used** 

Expenditure is included on an accruals basis. 

10 



## **SILVERTON EVANGELICAL CHURCH NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2022** 

## **1. ACCOUNTING POLICIES (continued)** 

## **Incoming Resources (continued)** 

## **Depreciation** 

No depreciation is provided on the freehold property. It is the Church's policy to regularly incur expenditure on the maintenance and improvement of the property. The Trustees consider that the life of the asset is so long and its residual value is so high that the depreciation is insignificant. 

Depreciation is calculated to write off the cost of other Fixed Assets over their effective useful lives as follows: 

Fixtures, Fittings and Equipment 

Fixtures, Fittings and Equipment 10 years straight line 20 years straight line Audio and computer equipment 3 years straight line 

Expenditure on assets over £300 is capitalised. 

## **Unrestricted and Restricted Funds** 

Unrestricted funds, including designated funds, represent the funds of the Church that are not subject to any restrictions regarding their use and are available for application on the general purposes of the Church. 

Restricted Funds are where the income has been raised for specific purposes, for individuals or for specific events. 

## **2. TANGIBLE FIXED ASSETS** 

|**COST**<br>As at 1 Jan 2022<br>Additions<br>Disposals<br>As at 31 Dec 2022<br>**DEPRECIATION**<br>As at 1 Jan 2022<br>Charge for Year<br>Disposals<br>As at 31 Dec 2022<br>**NET BOOK VALUE**<br>As at 31 Dec 2022<br>As at 31 Dec 2021|**Freehold**<br>**Property**<br>**Fixtures,**<br>**Fittings &**<br>**Equipment**<br>**Audio &**<br>**Computer**<br>**Equipment**<br>**£**<br>**£**<br>**£**<br>557,051<br>64,734<br>4,061<br>-<br>-<br>-<br>(1,687)<br>170<br>(871)<br>________<br>________<br>_______<br>557,051<br>63,047<br>3,360<br>________<br>________<br>_______<br>-<br>42,545<br>2,808<br>-<br>-<br>2,581<br>(1,687)<br>644<br>(871)<br>________<br>________<br>_______<br>-<br>43,439<br>2,581<br>________<br>________<br>_______<br>557,051<br>19,608<br>837<br>________<br>________<br>_______<br>557,051<br>22,189<br>1,253<br>________<br>________<br>_______|**Total**<br>**£**<br>625,846<br>170<br>(2,558)<br>________<br>623,458<br>________<br>45,353<br>3,225<br>(2,558)<br>________<br>46,020<br>________<br>577,438<br>________<br>580,493<br>________|
|---|---|---|



The Church has elected, in accordance with section 35.10(d) of FRS102, to use the carrying value on 1 January 2015, the date of transition to FRS102, of the freehold property previously carried at a valuation, as their deemed cost. 

11 



## **SILVERTON EVANGELICAL CHURCH NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2022** 

## **3. DESIGNATED FUND** 

A fund of £5,000 was designated for repairs of the Church Building based upon the assessment of repairs anticipated in 2023. 

## **4. MOVEMENT IN FUNDS** 

||**Brought**|**Income**|**Expenditure**|**Carried**|
|---|---|---|---|---|
|**2022**|**Forward**|||**forward**|
||**£**|**£**|**£**|**£**|
|**Unrestricted**|||||
|General fund|491,843|79,242|(64,902)|506,183|
|**Restricted**|||||
|Weekend away|392|-|(392)|-|
|Family Support|1,001|500|(500)|1,001|
|**Total**|**493,236**|**79,742**|**(65,794)**|**507,184**|



|**2021**|**Brought**|**Income**|**Expenditure**<br>|**Carried**|
|---|---|---|---|---|
||**Forward**|||**forward**|
||**£**|**£**|**£**<br>|**£**|
|**Unrestricted**|||||
|General fund|476,605|63,311|(48,073)|491,843|
|**Restricted**|||||
|Weekend Away|737|1,000|(1,345)<br>|392|
|Family Support|1,001||-|1,001|
|**Total**|<br>**478,343**|**64,311**|**(49,418)**<br>|**493,236**|



The Family Support fund provides support to Church members in need. 

The Weekend Away fund is used for the annual Church weekend away and the weekend away for the young people.  In 2021 the weekend for young people took place but annual event  did not happen. During 2022 the young people and the Church had a week end away and the reserves were utilised. 

12 



## **SILVERTON EVANGELICAL CHURCH NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2022** 

## **5. EMPLOYMENT COSTS** 

A salary of £24,750 (2021: £24,500) was paid to the Church Leader and Community Worker and an employer NIC cost of £Nil (2021: £Nil) was incurred due to the Employer Allowance. 

An employer’s pension contribution of £3,035 (2021:£2,234) was made under the Workplace Pension Rules. 

The average number of employees was 1 (2021: 1). No employee received employee benefits of more than £60,000. 

## **6. TRUSTEES' REMUNERATION AND EXPENSES** 

No Trustee received any remuneration from the charity during the year. 

There were no Trustee expenses during the year except for reimbursement of small expenditure incurred on behalf of the Church by individual Trustees. 

## **7. MISSIONARY AND CHARITABLE DONATIONS** 

Gifts are made to various individuals and organisations who have a connection with the Church.  The major donations were as follows: 

|**Restricted**<br>**Unrestricted**<br>**£**<br>**£**<br>Church Family Support<br>500<br>-<br>Ukraine Support<br>375<br>TABS<br>-<br>1,000<br>Scripture Gift Mission<br>-<br>-<br> <br>Passion for Life<br>-<br>-<br> <br>Friends od Zambia<br>-<br>-<br>UCCF Exeter<br>-<br>274<br>Crossline<br>-<br>294<br> <br>Worldshare<br>-<br>400<br>Baptist Home Mission Fund<br>-<br>1,000<br> <br>Tearfund<br>Lifewords<br>-<br>-<br>500<br>400<br> <br> <br>Barnabus Trust<br>Stewardship- Ukraine<br>SANDES Mission<br>Individuals<br>-<br>-<br>-<br>-<br>400<br>200<br>500<br>650<br> <br> <br> <br> <br>_____<br>_____<br> <br>500<br>5,993<br> <br>______<br>______|**2022**<br>**£**<br>500<br>375<br> <br>1,000<br>-<br> <br>-<br>-<br> <br>274<br> <br>294<br> <br>400<br> <br>1,000<br>500<br>400<br> <br>400<br>200<br>500<br>650<br> <br> <br> <br>_____<br>6,493<br>______|**2021**<br>**£**<br>-<br>-<br>-<br>400<br>200<br>300<br>418<br>136<br>-<br>1,000<br>-<br>-<br>-<br>-<br>2,644<br>_____<br>5,098<br>______|
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## **SILVERTON EVANGELICAL CHURCH NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2022** 

## **8. SUMMARY OF FUNDS** 

|**2022**<br>**Tangible**<br>**Fixed**<br>**Assets**<br>**Current**<br>**Assets**<br>**Current         Non-Current**<br>**Liabilities              Liabilities**<br>**£**<br>**£                    £                           £**<br>**Unrestricted**<br>General fund<br>577,438<br>38,582<br>(15,510)               (94,327)<br>**Restricted**<br>-<br>Weekend away<br>-<br>-                     -                            -<br>Family Support<br>-<br>1,001                     -                            -<br>Children weekend<br>-<br>-                     -                            -<br>**Total**<br>**577,483**<br>**39,583**<br>**(15,510 (94,327)**<br>**2021**<br>**Tangible**<br>**Fixed**<br>**Assets**<br>**Current**<br>**Assets**<br>**Current**<br>**Liabilities**<br>**Non-Current**<br>**Liabilities**<br>**£**<br>**£**<br>**£**<br>**Unrestricted**<br>General fund<br>582,820<br>34,891<br>(15,983)<br>(107,558)<br>**Restricted**<br>Weekend away<br>-<br>87<br>-<br>-<br>Family Support<br>Children weekend<br>-<br>-<br>1,001<br>305<br>-<br>-<br>-<br>-<br>**Total**<br>**582,820**<br>**36,284**<br>**(15,983)**<br>**(107,558)**|**Total**<br>**£**<br>506,183<br>-<br>1,001<br>-<br>**507,184**<br>**Total**<br>**£**<br>491,843<br>87<br>1,001<br>305<br>**493,236**|
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