| ~ ~ | |||||
|---|---|---|---|---|---|
| The purposes ofthe church are: The advancement ofthe Christian faith in accordance |
with the Basis | of | |||
| Summary ofthe objects ofthe charity set out in its governing document |
Faith primarily but not exclusively within Ivybridge and neighbourhood. Such other charitable purposes as shall, in the opinion the Church in a general meeting, put into practice the |
the surrounding ofthe members Christian faith in |
of | ||
| accordance with the Basis of Faith |
| Summary In forthe year |
come and Expenditure Account ended 31May 2022 |
||
|---|---|---|---|
| 2022 | 2021 | ||
| E | E | ||
| Income | 51,208 | 52,263 | |
| Gross income for the year | 51,208 | 52,263 | |
| Expenditure | 40,645 | 45,368 | |
| Depreciation | and charges for | ||
| impairment | offixed assets | 264 | 288 |
| Total expenditure forthe year |
40,909 | 45,656 | |
| Net income | before tax for the year | 10,299 | 6,607 |
| Net income | forthe year | 10,299 | 6,607 |
| January 2015) - (C Republic of Ireland |
harities SORP (FRS102)),the Financial Reporting Standard (FRS102)and the Companies Act 2006. |
ap | plicable in t |
h | e U | K | an | d | |
|---|---|---|---|---|---|---|---|---|---|
| Change in basis of | accounting orto previous accounts | ||||||||
| There has been no | change to the accounting policies (valuation rules and method ofaccounting) |
since | |||||||
| last year and no changes have been made to accounts for previous years. | |||||||||
| Fund accounting | |||||||||
| Unrestricted funds |
These are available for use at the discretion ofthe trustees | in furtherance | ofthe | ||||||
| general objects ofthe charity. | |||||||||
| Designated funds |
These are unrestricted funds earmarked by the trustees |
for particular | purposes. | ||||||
| Revaluation funds |
These are unrestricted funds which include a revaluation |
reserve representing | the | ||||||
| restatement of investment assets at their market values. |
|||||||||
| Restricted funds | These are available for use subject to restrictions imposed |
by the donor | or | through | |||||
| terms ofan appeal. | |||||||||
| Income | |||||||||
| Recognition of | Income is included in the Statement of Financial Activities |
(SoFA) when | the | charity | |||||
| income | becomes entitled to, and virtually certain to receive, the income and the amount of |
||||||||
| the income can be measured with sufficient reliability. |
|||||||||
| Income with related | Where income has related expenditure the income and |
related expenditure | is | ||||||
| expenditure | reported gross in the SoFA. | ||||||||
| Donations and |
Voluntary income received by way of grants, donations |
and gifts is included | in the | ||||||
| legacies | the SoFA when receivable and only when the Charity has |
unconditional | |||||||
| entitlement tothe income. |
|||||||||
| Tax reclaims on |
Income from tax reclaims is included in the SoFA at the same time asthe |
||||||||
| donations and gifts |
gift/donation to which it relates. |
||||||||
| Donated services | These are only included in income (with an equivalent amount in expenditure) |
||||||||
| and facilities | where the benefit tothe Charity is reasonably quantifiable, |
measurable | and | ||||||
| material. | |||||||||
| Volunteer help |
The value ofany volunteer help received is not included |
in | the accounts. | ||||||
| Investment income |
This is included in the accounts when receivable. |
||||||||
| Gains/(losses) on |
This includes any gain or loss resulting from revaluing investments to market |
value | |||||||
| revaluation offixed |
at the end ofthe year. | ||||||||
| assets | |||||||||
| Gains/(losses) on |
This includes any gain or loss on the sale ofinvestments. |
||||||||
| investment assets |
| lvybridge Baptist Church |
lvybridge Baptist Church |
||||
|---|---|---|---|---|---|
| Notes to the Accounts | |||||
| 8 | Staff costs | ||||
| 2022 | 2021 | ||||
| Salaries and wages | 22,910 | 32,029 | |||
| Pension costs | 512 | 641 | |||
| 23,422 | 32,670 | ||||
| No employee received emoluments |
in excess of660,000. | ||||
| 9 | Tangible fixed assets | ||||
| Cost or revaluation | |||||
| At 1June 2021 | 172,889 | 617 | 545 | 174,051 | |
| At 31May 2022 | 172,889 | 617 | 545 | 174,051 | |
| Depreciation and |
|||||
| impairment | |||||
| At 1June 2021 | 412 | 151 | 563 | ||
| Depreciation charge for the |
205 | 59 | 264 | ||
| year | |||||
| At 31May 2022 | 617 | 210 | 827 | ||
| Net book values | |||||
| At 31May 2022 | 172,889 | 335 | 173,224 | ||
| At 31May 2021 | 172,889 | 205 | 394 | 173,488 | |
| 10 | Debtors | ||||
| 2022 | 2021 | ||||
| f | 6 | ||||
| Prepayments and accrued income |
1,787 | 2,727 | |||
| 1,787 | 2,727 | ||||
| 11 | Creditors: | ||||
| amounts falling due within one year |
|||||
| 2022 | 2021 | ||||
| 6 | |||||
| Otherloans | 2,600 | 6,240 | |||
| Other taxes and social security | 88 | ||||
| Other creditors | 158 | ||||
| Accruals | 708 | 710 | |||
| 3,466 | 7,038 | ||||
| 12 | Creditors: | ||||
| amounts falling due after more than |
one year | ||||
| 2022 | 2021 | ||||
| f | 6 | ||||
| Otherloans | 2,640 | ||||
| 2,640 |
| Annual co |
mmitments under non-cancellable |
operating leases are |
as follows: | ||
|---|---|---|---|---|---|
| 2022 | 2022 | 2021 | 2021 | ||
| Land and | Land and | ||||
| Other | Other | ||||
| buildings | buildings | ||||
| g | |||||
| Operating | leases with expiry date: | ||||
| Pension commitments | |||||
| 2022 | 2021 | ||||
| 6 | |||||
| The pension cost charge to the company | |||||
| amounted | to: | 512 | 641 |
| Ivybridge Baptist Church Detailed Statement of Financial Activities |
Ivybridge Baptist Church Detailed Statement of Financial Activities |
||||
|---|---|---|---|---|---|
| Equipment repairs and maintenance |
66 | 66 | 435 | ||
| Stationery and printing |
376 | 376 | 219 | ||
| Subscriptions | 53 | 53 | |||
| Sundry expenses | 154 | 339 | 493 | 535 | |
| 1131 | 339 | 1,470 | 1,645 | ||
| Legal and professional | costs | ||||
| Accountancy and bookkeeping |
921 | 921 | 1,103 | ||
| Other legal and professional costs |
332 | 332 | 321 | ||
| 1,253 | 1,253 | 1,424 | |||
| Total ofexpenditure of |
other costs | 29,999 | 498 | 30,497 | 39,441 |
| Total expenditure | 34,369 | 6,540 | 40,909 | 45,656 | |
| Net gains on investments | |||||
| Net income | 16,839 | (6,540) | 10,299 | 6,607 | |
| Transfers between funds |
(12,540) | 12,540 | |||
| Net income before other | |||||
| gains/(losses) | 4,299 | 6,000 | 10,299 | 6,607 | |
| Other Gains | |||||
| Net movement in funds |
4,299 | 6,000 | 10,299 | 6,607 | |
| Reconciliation offunds: |
|||||
| Total funds brought forward |
193,709 | 28,325 | 222,034 | 215,427 | |
| Total funds carried forward | 198,008 | 34,325 | 232,333 | 222,034 |
| Summary In forthe year |
come and Expenditure Account ended 31May 2022 |
||
|---|---|---|---|
| 2022 | 2021 | ||
| E | E | ||
| Income | 51,208 | 52,263 | |
| Gross income for the year | 51,208 | 52,263 | |
| Expenditure | 40,645 | 45,368 | |
| Depreciation | and charges for | ||
| impairment | offixed assets | 264 | 288 |
| Total expenditure forthe year |
40,909 | 45,656 | |
| Net income | before tax for the year | 10,299 | 6,607 |
| Net income | forthe year | 10,299 | 6,607 |
| January 2015) - (C Republic of Ireland |
harities SORP (FRS102)),the Financial Reporting Standard (FRS102)and the Companies Act 2006. |
ap | plicable in t |
h | e U | K | an | d | |
|---|---|---|---|---|---|---|---|---|---|
| Change in basis of | accounting orto previous accounts | ||||||||
| There has been no | change to the accounting policies (valuation rules and method ofaccounting) |
since | |||||||
| last year and no changes have been made to accounts for previous years. | |||||||||
| Fund accounting | |||||||||
| Unrestricted funds |
These are available for use at the discretion ofthe trustees | in furtherance | ofthe | ||||||
| general objects ofthe charity. | |||||||||
| Designated funds |
These are unrestricted funds earmarked by the trustees |
for particular | purposes. | ||||||
| Revaluation funds |
These are unrestricted funds which include a revaluation |
reserve representing | the | ||||||
| restatement of investment assets at their market values. |
|||||||||
| Restricted funds | These are available for use subject to restrictions imposed |
by the donor | or | through | |||||
| terms ofan appeal. | |||||||||
| Income | |||||||||
| Recognition of | Income is included in the Statement of Financial Activities |
(SoFA) when | the | charity | |||||
| income | becomes entitled to, and virtually certain to receive, the income and the amount of |
||||||||
| the income can be measured with sufficient reliability. |
|||||||||
| Income with related | Where income has related expenditure the income and |
related expenditure | is | ||||||
| expenditure | reported gross in the SoFA. | ||||||||
| Donations and |
Voluntary income received by way of grants, donations |
and gifts is included | in the | ||||||
| legacies | the SoFA when receivable and only when the Charity has |
unconditional | |||||||
| entitlement tothe income. |
|||||||||
| Tax reclaims on |
Income from tax reclaims is included in the SoFA at the same time asthe |
||||||||
| donations and gifts |
gift/donation to which it relates. |
||||||||
| Donated services | These are only included in income (with an equivalent amount in expenditure) |
||||||||
| and facilities | where the benefit tothe Charity is reasonably quantifiable, |
measurable | and | ||||||
| material. | |||||||||
| Volunteer help |
The value ofany volunteer help received is not included |
in | the accounts. | ||||||
| Investment income |
This is included in the accounts when receivable. |
||||||||
| Gains/(losses) on |
This includes any gain or loss resulting from revaluing investments to market |
value | |||||||
| revaluation offixed |
at the end ofthe year. | ||||||||
| assets | |||||||||
| Gains/(losses) on |
This includes any gain or loss on the sale ofinvestments. |
||||||||
| investment assets |
| lvybridge Baptist Church |
lvybridge Baptist Church |
||||
|---|---|---|---|---|---|
| Notes to the Accounts | |||||
| 8 | Staff costs | ||||
| 2022 | 2021 | ||||
| Salaries and wages | 22,910 | 32,029 | |||
| Pension costs | 512 | 641 | |||
| 23,422 | 32,670 | ||||
| No employee received emoluments |
in excess of660,000. | ||||
| 9 | Tangible fixed assets | ||||
| Cost or revaluation | |||||
| At 1June 2021 | 172,889 | 617 | 545 | 174,051 | |
| At 31May 2022 | 172,889 | 617 | 545 | 174,051 | |
| Depreciation and |
|||||
| impairment | |||||
| At 1June 2021 | 412 | 151 | 563 | ||
| Depreciation charge for the |
205 | 59 | 264 | ||
| year | |||||
| At 31May 2022 | 617 | 210 | 827 | ||
| Net book values | |||||
| At 31May 2022 | 172,889 | 335 | 173,224 | ||
| At 31May 2021 | 172,889 | 205 | 394 | 173,488 | |
| 10 | Debtors | ||||
| 2022 | 2021 | ||||
| f | 6 | ||||
| Prepayments and accrued income |
1,787 | 2,727 | |||
| 1,787 | 2,727 | ||||
| 11 | Creditors: | ||||
| amounts falling due within one year |
|||||
| 2022 | 2021 | ||||
| 6 | |||||
| Otherloans | 2,600 | 6,240 | |||
| Other taxes and social security | 88 | ||||
| Other creditors | 158 | ||||
| Accruals | 708 | 710 | |||
| 3,466 | 7,038 | ||||
| 12 | Creditors: | ||||
| amounts falling due after more than |
one year | ||||
| 2022 | 2021 | ||||
| f | 6 | ||||
| Otherloans | 2,640 | ||||
| 2,640 |
| Annual co |
mmitments under non-cancellable |
operating leases are |
as follows: | ||
|---|---|---|---|---|---|
| 2022 | 2022 | 2021 | 2021 | ||
| Land and | Land and | ||||
| Other | Other | ||||
| buildings | buildings | ||||
| g | |||||
| Operating | leases with expiry date: | ||||
| Pension commitments | |||||
| 2022 | 2021 | ||||
| 6 | |||||
| The pension cost charge to the company | |||||
| amounted | to: | 512 | 641 |
| Ivybridge Baptist Church Detailed Statement of Financial Activities |
Ivybridge Baptist Church Detailed Statement of Financial Activities |
||||
|---|---|---|---|---|---|
| Equipment repairs and maintenance |
66 | 66 | 435 | ||
| Stationery and printing |
376 | 376 | 219 | ||
| Subscriptions | 53 | 53 | |||
| Sundry expenses | 154 | 339 | 493 | 535 | |
| 1131 | 339 | 1,470 | 1,645 | ||
| Legal and professional | costs | ||||
| Accountancy and bookkeeping |
921 | 921 | 1,103 | ||
| Other legal and professional costs |
332 | 332 | 321 | ||
| 1,253 | 1,253 | 1,424 | |||
| Total ofexpenditure of |
other costs | 29,999 | 498 | 30,497 | 39,441 |
| Total expenditure | 34,369 | 6,540 | 40,909 | 45,656 | |
| Net gains on investments | |||||
| Net income | 16,839 | (6,540) | 10,299 | 6,607 | |
| Transfers between funds |
(12,540) | 12,540 | |||
| Net income before other | |||||
| gains/(losses) | 4,299 | 6,000 | 10,299 | 6,607 | |
| Other Gains | |||||
| Net movement in funds |
4,299 | 6,000 | 10,299 | 6,607 | |
| Reconciliation offunds: |
|||||
| Total funds brought forward |
193,709 | 28,325 | 222,034 | 215,427 | |
| Total funds carried forward | 198,008 | 34,325 | 232,333 | 222,034 |