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|||~ ~||||
|---|---|---|---|---|---|
|||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||||
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|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||||||||||
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##
|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|
##
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##
##
|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||||||||||
##
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##
##
|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|
##