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2023-05-31-accounts

There are three main identifiable
benefits toths pubgc or secNons afthe		 There are three main identifiable
benefits toths pubgc or secNons afthe
public that Row from the church fuIRNing
its purposes.
1.Those who come to know and continue
in the love ofGod report that
accepting ths love ofGod in Jesus Christ was the best decision they ever
made and that knowing
this love gives them strength
in their everyday
life.
2.Advancing
the Chrisgan
Faith promotes 0 moral framework
for living
forthe whole ofour sorNety atalocal and indeed 0 national
level. This
Summary ofthe main
acgvltlss undertaken
forthe
public benefit In tslagon to
these objects (Include within
this seclon the statutory
declarsgon that trustees have
had rrsgard tothe guidance
issued by the Charity
Commission
on public
benefit)		 framework
is outlined
in the 8!ble,the Old Testament
being interpreted
by the Nsw Testament. A summary
ofthe framework
is the command
for
people to'lave.'Gad with theic heart, soul, mind snd strength
and love
one's neighbour ss oneself. These consNtute the two great commands
given to ag men by God, and are a summary
ofthe whole af God's Iaw. It
is in a man's interest and 0benefit to him to atdde by these our God's
commands.
An exposition ofthe framework
can be found in chapters 5-7
ofthe Gospel ofMatthew.
Church members are encouraged
to live out their faith within the
community
snd to put this moral framework
into practice in their everyday
lives with everyone
they interact with and sothis bensgts the members of
the public who interact with members ofthe congregation
each day.
3.Itisforthe pubga good that the main beliefs ofthe Chrisgan
Faith are
made known
in safety, even ifpeople disagree with the ChrkrNan
message, because this enables people to make informed choices
concerning
religious belief and contributes
towards 0free sodety where
difl'erent ideas and beliefs ars widely knawn by the public.
Addigonal
details ofobjecgves		 and actlvides (Optional information)
You may choose to include
further statements,
where
relevant,
about:
~
policy on grantmaking;
~
policy programme
related
investment;
~
contribuNon
made by
volunteers.
~ ~ ~
~
~
Summary ofthe main
achievements
ofthe charity
during the year		 This past year has seen the church resuming
in full, all the programme
of
regular church meetings
and activities after the recent Covid restrictions.
Sunday
morning
and evening services resumed
fully, and have continued
throughout
the past year, with both services advertised
locally and open
to the public; and especially to the local community
of Ivybridge.
A
significant
number of our church members
and regular attendees
continue
to travel
in to our services from as far away as Plymouth,
Tavistock and the Kingsbridge
areas
Our Christmas
Eve Carols by Candlelight
service resumed
in its usual
format, offering a "traditional"
Carol Service of readings
and carols to the
church family and the local community.
There was a special service held
a week pdior to Christmas
Day aimed at the parents,
grandparents
and
children associated
with our Toddler group. Families attending
the group
were also invited to join in our Christmas
Shoebox programme
run by
Samaritan's
Purse, to send gifts to Children
in need. Our contributions
this year went to children
in Belarus.
Evening services were reviewed
and saw a change
in format to include		 a
special focus on national
and international
mission,
and a light meal
leading
into the Lord's Supper service. These are held in the front area		 of
the church,
and continue to be open to the public.
We run a Sunday school currently
and regularly
attended
by young
children
from two ofour church families and by local visitors and holiday
makers
children
on occasion
We have a mid week prayer and bible study meeting
on Thursday
evenings.
This alternates
between
home groups
in Ivybrige,
Plymouth
and Kingsbridge,
and the church
building.
It is open to anyone
attending
our services
in the church congregation.
We occasionally
have visitors		 in
attendance
who have found us via our church website.
We continue to run s growing toddler group on Tuesday
mornings,
open
to local mums dads and grandparents
with their pre nursery age children.
We offer craft activities, general
play, with songs and stories mainly
drawn
from our Christian
Faith and the Bible. There is opportunity
to sit
and chat with each other and with the small team of church members
who run the program.
In January
of this year we opened a warm space advertised
locally,
inviting
people to come in to the church to socialise and keep warm. This
is run on Wednesday
mornings
with plans to offer this service
all year
round.
It has been attended
by a number offolk outside ofthe church
congregation
This past year we have encouraged
our members
to attend local
community
run groups,
and moved one of our newer meetings
into the
local Library once a month to foster more community
engagement.
The main church meeting space has had some plaster work repaired
and
the whole main
hall and foyer area have been repainted.
We are looking
and planning
to find a new minister to further develop the work ofthe
church,
with a particular focus on our local Community
of Ivybridge.
We trust that the Lord will continue to grant the leaders and trustees of
the church wisdom
&discernment
in the decisions we take.

Séction D Achievements and-performance TAR March 2012

Pages
Trustees' Annual
Report		 2to3
Independent
Examiner's		 Report
Statement ofFinancial Activities
Summary
Income and Expenditure		 Account
Balance Sheet
Statement ofCash flows
Notes tothe Accounts Bto15
Detailed Statement ofFinancial Activities 16to 17

Unrestricted
funds Total funds Total funds
2028 20232022
6 6 6
44,767 44,767 51,208
44,767 44,767 51,20$
10,357 10,357 10,412
27,860 27,860 30,496
38,217 38,217 40,908
6,550 6,550 10,300
6,550 6,550 10,300
6450 6,550 10,300
232,333 232,333 222,034
238,883 238,883 232,334

2028 2022
g E
Income 44,767 51,208
Gross income forthe year 44,767 51,208
Expenditure 38,167 40,645
Depreciation and charges for
impairment offixed assets 50
Total expenditure
forthe year		 38,217 40,909
Net Income before tax for the year 6,550 10,299
Net income forthe year 6,555 10,299

Cash flows from openrdng ctlvtthrs
Net income per statement ofBnandal cthvithrs 6,550 10,299
Adjustments
for.
Depredation ofproperty,
plant and equipment		 50 264
(Increase)/Decrease
in		 trade and other reciivabes (72) 940
(Decrease)/Increase
in		 trade and other payables (158) 70
Net cash prcwhled
by operaNng acthdges		 6370 11479
Net cash from investing activides
Cash flows from finandng acthdties
Repayment ofborrowings (2,600) (6,280)
Net cash used InRnandng activtdes (2,600) (6,280)
Net Increase in cash and cash «luivahnus 5499
Cash and cash equivalents atthe beginning ofthe year 60,788 55,496
Cash and cash equivalents atthe end ofthe year 64,558 60,789
Components ofcash and cash equivalents
Cash and bank balances 64,595
64,535 60,788

last year and no cha last year and no cha nges have been made toaccounts for previous years.
Fund accounting
Unrestricted funds These are avagable for use atthe discretion ofthe trustees
in furtherance		 ofthe
general ob/ects ofthe charity.
Designated funds These are unrestricted
funds earmarked
by the trustees		 for particular purposes.
Revaluation funds These are unrestrkted
funds which include a revaluation		 reserve representing the
restatement
ofinvestment
assets attheir market values.
Restrkted 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 ofFinandal
Actlvtffes		 (SoFA)when the charity
income becomes entided to, and virtually certain to receive, the income and the amount of
the income can be measured
with suffident
reliabigty.
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 ofgrants, donations		 and giffs is Induded in the
legades the SoFAwhen
eceivable and
only when the Charity has		 unconditional
entitlement tothe income.
Tax reclaims on Income from tax reclaims is included
in the SoFAat the same time asthe
donations
and gifts		 gift/donation
towhich itrelates.
Donated services These are only included
in income (with an equivalent
amount
in expenditure)
and facgities where the benefit tothe Charity is reasonably
quantIRable,		 measurable and
material.
Volunteer help The value ofany volunteer
help received isnot induded		 in the accounts.
Investment
income		 This is induded
in the accounts when receivable.
Gains/(losses) on This indudes any gain orloss resulting from revaluing
investments
to market		 value
revaluation
offixed		 atthe end ofthe year.
assets
Gains/(hrsses) on This indudes any gain or loss on the saleofinvestments.
investment
assets
Expenditure
Recognithn of Expenditure
isrecognised on an accruals basis. Expenditure
Indudes any VAT which
expenditure cannot befully recovred, and is reported as part ofthe expenditure towhich it
relates.
Expenditure on These comprise the costs associated with attracting
voluntary		 income, fundraising
raising funds trading costs and investment
management
costs.
Expenditure on These comprhe the costs incurred
by the Charity in the delivery ofits activNes and
charitable activities servkes in the furtherance
ofits objects, Indudlng the maldng		 ofgrants and
governance costs.
Grants payable AIIgrant expenditure
isaccounted for on an actual paid basis		 plus an accrual for
grants that have been approved
by the trustees atthe end of		 the year but not yet
paid.
Governance costs These indude those costs associated with meeting the constkuttonal
and statutory
requirements
ofthe Charity, including
any audltjindependent		 examination
fees,
costs linked tothe strategic management
ofthe Charity, together wgh a share of
other administration
costs.
Other expenditure These are support costs not agocated toa particular activity.

3 Statemen t o fPlnandal Actiiies - prior year
UnrestHcked
funds funds Total funds
2022 2022 2022
Income and endowments from:
oonations and legades 51,208 51,208
Total 51,208 51,208
Expenditum on:
Charitable activities 4,370 6,042 10,412
Other 29,999 498 30397
Total 34,369 6,540 40,909
Net income 16,839 (6,540) 10,299
TransFers between funds (12,540) 12~
Net Income before other 4,299 6,000 10399
galas/gosses)
Other gains and losses:
Net mcwement in funds 4,299 6,000 10,299
ReconcgiaSon offunds:
Total funds brought forward 193,709 28325 222,034
Total funds carrhrd forward 198,008 34325 232333
4 Income hom donations and hrgacies
Un eslrhsed Total Total
202S 2022
6 8 8
44,617 44,617 50,929
150 150 279
44,767 44,767 51,208
5 Expenditure on charitable acthddes
Unrestkted Total Total
2023 2022
6 6
10357 10,357 10,412
Governance casts
10,357 10457 10/12

No
6		 tes tothe Accounts
Olher expenditure
Total Total
2023 2022
3 f
Adverdsing
and Promotkmal		 453
Uterature
Employee costs 19,109 19,109 23,422
Premises costs 6340 6340 3,952
Amortisatlon,
depredation,
impairment,
profit/loss		 on 50
cNsposal offixed assets
General administrative costs 776 776 1,206
Legal and professional costs 1.232 1,232 1,252
273/60 27~ 30,496
7 Net income before transfers
2022
This bstated after charging 8
Depredation ofawned Sxed assets 264
8 Staffcosts
2023 2022
Salaries and wages 18,824 22ri20
Penskm costs 285 512
19,109 23,422
No employee received emoluments in excess of660,000.
9 Tangible fixed assets
Cost orrevaluation
At 1June 2022 172~ 617 545 174,051
At31May 2023 172~ 617 545 174051
Depredation
and
Impairment
At1June 2022 617 210 827
Depreciation charge forthe 50 50
year
At31May 2023 617
Net book values
At31May 2023 285 173,174
At31May 2022 172,889 335 173,224
10 Debtors
2023
8
Other debtors 409
Prepayrnents
and accrued income		 1,450 1,787
1459 1,787
Ivybrldge
Baptist Church		 Ivybrldge
Baptist Church		 Ivybrldge
Baptist Church
Notes tothe Accounts
11 Creditors:
amounts falling due within one year
2022
8
Otherloans 2,600
Other creditors 158
Accruals 685 708
3,466
12 Movement In funds
Incoming
resources Resources Gross At31Nlay
At 1June (induding
other		 expended tmnsfers 2023
2022 gains/losses)
8
Restricted funds:
Unrestricted funds:
General funds 198,008 44,767 (38,217) (10,784) 193,774
Designated funds:
650 3,394 4,044
18,024 3,395 21,419
12,627 12,627
841 3,395 4,236
2,183 600 2,783
Total 34,325 10,784 45,109
Total funds 232.333 44,767 (38,217) 238,883
13 Analysis of net assets between funds
Unrestricted Restricted Total
funds funds
E 6 6
Fixed assets 6,101 167,073 173,174
Net current assets 51,008 14,701 65,709
57,109 181,774 238,883
14 RecomSBation ofnet debt
At1June At 31May
2022 Cash Bows 2023
6 8 8
Cash and cash equivalents 60,788 3,747 64,535
60,788 3,747 64,535
Bonowings (2,600) 2,600
(2,600) 2,600
Net debt 58,188 6,347 64435

Operutfnp fence commldnents
Annual commitments
under nonmncegable		 operating leases are asfollows:
2025 EOXI ggu
Land and Land and
buihSngs buihgngs
E E E
Operating
leases with expiry date:
pensfon conmtftments
The pension costcharge tothe company
amounted to:
16 Related party disdosures
~party

forthe year ended 3 1a gay 2023
Unrestricted
funds Total funds Total funds
2023 2023 2022
8 8 E
Income and endowments from:
Donations and legacies
44,617 44,617 50,929
150 150 279
44,767 44,767 51,208
Total income and endowments 44,767 44,767 51,208
Expenditure on:
Charitable activities
10,357 10,357 10,412
10357 10,357 10,412
Total ofexpenditure
activities		 on charitable 10,357 10,357 10,412
Other expenditure
Advertising
and Promotional		 453 453 400
Uterature
453 453 400
Employee costs
Salaries/wages 18,824 18,824 22,910
Pension costs 285 285 512
19,109 19,109 23,422
Premises costs
Rates 564 564 587
Light, heat and power 1,270 1,270 1,372
Premises insurances 1,706 1,706 1,626
Premises repairs and 2,700 2,700 367
maintenance
6,240 6,240 3,952
General administrative costs,
including
depreciation		 and
am ortisatlon
Depreciation of 205
Depreciation of 50 50 59
Bank charges 194 194 218
Equipment
repairs and		 66
maintenance
Information
and publications		 180
Software, ITsupport and related 110 110
costs
Stationery and printing 167 167 376
Subscriptions 53
Ivybddge gaptbt Church Ivybddge gaptbt Church
Detailed Statement offinandal Acthrities
Sundry expenses
Legal and professional costs
Accountancy
and		 bookkeeping
Other legal and professional
costs
Total ofsnpenditum ofother costs
Total expendiure
Net gains on investments
Net income before other
gains/(hrsses)
Other Gains
Net movement
In funds
Recondliation
offunds:
Total funds brought forward
Total funds carded forward
125 493
826 826 1,470
955 955 920
277 277 332
1,232 1,232 1,252
27,860 27~ 30,496
38,217 38317
6,550 6450 10+00
6,550 6450 10300
6,550 6,550 10,300
232,333 232,333 222,034
238,883 238,883 232~