Charlty reg18tratlon number 1186334 CHRISTCHURCH BAPTIST CHURCH ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Caladine Chartered Certified Accounlant5 CHRISTCHURCH BAPTIST CHURCH LEGALAND ADMINISTRATIVE INFORMATION Trust•es Rev C J Brockway Mr D McLellan MrA Rensh8W Mr KThornas Rev K Boullon Mr L Bennett Ms L ChIr￿n Ms S Ker8ey MrA LavhoTd Rev D Chomber8 Mr M Gledhlll Mr G Callan Mr P Do￿• (Appolnted 20 July 20231 IAppolnl8d 20 July 20231 (Appolnled 20 July 2023) Ch•rlty numbgr 1188334 Prfnclpal •ddro8• Slde Enlranca, 51 Bargale8 Baacon8fleld Road Chrlstchur¢h Dors81 BH23 1QE Indepond•nt •xamlner Colln Dadswell FCA FCCAOChA Caladlne Llmlted Chantry Hou8e 22 Upperton Road Easlbourne East Su88ex BN211BF CHRISTCHURCH BAPTIST CHURCH CONTENTS P•gfr Th18tees report Slal8ment of Tru8tee¥ re8pon81bllltle8 Indgpgndent 8xarnlneVs report Statemént of flnanclal advMe8 ststemmt ol flnanclal po8illon Nolo8 to th• flnand81 statements 10-21 CHRISTCHURCH BAPTIST CHURCH TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Truslggs present thelr annual report and financial statements for the year endèd 31 March 2024. The flnanclal statements have been prepared In accordance wrth tha 8ccounllng pollc19s sel out In not& 1 to tha flnanclal Stslemènts 8nd comply wllh the Church's Gonslilullon. the Ch8rf11es Act 2011 and "Accounlng and Reporting by Charftles.. Statement of Recomrnend8d Practice applicable to charSti8s preparing thelr accounts In accortJanc8 wlh the Flnandal Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 laffadve 1 January 2019}'. ObJectlve8 ftnd actl¥ltle• Chrlslehurch Bapts'sl Church 18 a fellowNhlp of ChrI8￿an people afflllated to both the 8apl$t Unlon ol Great Brltaln and the Ev8ngelkal Alllance. The mlsBlon of the Chur¢h18 summArfsed by the follo￿ng 6tatement'. are c81bd to be a worshlpplng communSty bgadng Witne￿ to the love ol Chrfst In the worfd. A ￿•70n 8talemgnt, lo gulde the Church In p18nnlng of actlvllle8, has been 88tabllshed e8.. A God-cenlred Church, Insplred by HIS word and Splrll, actlvely sharlng H16 love and truth ￿￿th those around ui. Flve stratsglc goa16 have been established lo holp u8 Ilva out our m188lon and focuJ our prlorftle8 In our mlnlsty and outreach advlllgs. These ar8 to.. Promote 811fv8tylo of wor8hlp that honour8 God Encourage and enablè people lo grow as disciplos and to discip5e other8 Fadlitale effedlve pastoral care and support throughout th8 Church and beyond Show young yople and chlldren how g lovSng God 18 relèvant, radlcal and relallonal In Ihelr lfvas today Athely bulld r•l8¥on8hlp8 wlth people outslde the Church Our valuo statements detemlno how our mlB$lon and mln18ty are to be dellvered.. At Chrl$tchurch Bapt181 Church, w• 8eek InCrea￿nglY lo be,. A peoplo fully devoted lo Jesus A people cenlred on the Blble, seeklng God'8 dlrectlon for lifo A peopl8 experlenclng and expre¥slng God's18vlsh grace A worshlpplng, rel8v8nt and relatSonglly healthy Chrf6tlan communlty A people Ilvlng an authentlc and PTayeT-filled Ilfgstyl8 A dSver8e yet unffied people commltted to di¥cipleshlp A communlty where everyone Is equSpped and resourced lo serve A people ready and proactive in mlsslon locally and oversea8 A compasslonate. hospllable and g8nerou8 people, servlng ￿th splrltu81 glfts Publlc benellt Publlc b•n•flt In undertaklng the plannlng of the m8ny artivities undertaken durfng the year, we have 18ken Into account the Charlty Commlsslon guidance on publlc benefit and in p8￿C￿lar in relation to the guldance relatlng lo the advancement of religion. We have sought to ensure that all our aclvil8s are available and open lo all wllhln the ommunlty of Christchurch, both In the provlslon of 8aNl¢es of worshlp and Sn provlslon of communlty a¢tivlty and support. Achlovements and perfomiance Slgnrfic8nt 8CtfvIt18S 8nd 8chlevemant8 against objgctlves ChurGh servlces continu8 to be live-streamed, which ha5 provlded connectlon for those unable lo retum to In-person services and those unable to attend for pastor81 reasons. As best as we can measure, attendance on Sundays ha grown when comblnlng OUT In-person and on-llne audlence5. Our livè-streamed service is avallable to watch on alch-up whlch has further Increased our reach. In addition to our Sunday momlng services, we provlde a wld ranging number of activities to connect wlth our Iccal comrnunity. CHRISTCHURCH BAPTIST CHURCH TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Following the refijsal In September 2020 of our plonnlng applicatlon to develop the slte on 51 Bargats$. our 2020 IAsion Bulld Team. a8 authod8ed by the Church Members. worked on a new planning application. Thls was 8ubmltted to Ihg local aulhorlty Planning Committee in June 2022 and in February 2023 that commlttee granted consent lo develop the site. In May 2023, Project Flve.'One lour new name for 2020 M51on} was laUnd￿d with view to managlng the development and ralsing the ne¢eBs8ry fjJnd8 to pursue the SU¢xessful plannlng appllcauon. In October 2023, a glft and pledge d8y ral¥ed approprlale funds to conllnue plans to develop the new building on 51 B8ryales, alongslde developlng the exlstlng chr16￿an C8ntre and church Sanctuary. 11 Is anlicipaled, subject lo sufflclenl monthly pledges being made lo maintsin payments on a loan. th81 tenders S￿11 be sought and bulldlng work commenced In Dècember 2024. A linkgd company, Chrlstchurch Bapti81 ChuTch Development Company, ha8 been formed to enablo US to redalm VAT on Va￿Ou8 a8pectB of tha project. Rev Chrls BroGkway has been Minlster (Team Leaderl and Tru3te8 8Ince March 2012. The Church h88 continued lo see slgnlficanl success and gro¥th In many areas of mlnistry durlng the last financial year. In Mov￿ber 2023, Chfls was appointed, alongsldt hSs role wlth tho Church, as Moderator (Chalr of Trustees) of Soulhem Countles BapU8t As80clatlon ISCBAI. Jackle McGregoT haB begn Servlng the Church 8lnce November 2018 *8 ¢>18'8 Mlnlslry Lead. Her mlnl$lry has soen much frult. leadlng lo Increased attendance In all areas of youth and ¢hlldren's mlnisty. Jackle and a 18rge team of volunteers h8ve bulll a strong youth and chlldran's work, both on Sunday5 and In the weekly progremmes. Mlnlstry amongst chlldren and young people conllnues lo flourfsh. We Temaln ¢ommltted to 88feguardirvJ chlldren and adults. Rev Kay Boullon contlnueB to $•Ne a8 MSn5818r, alongslde Chris 8rockw8y bul wlth prlmary re8pon81blllty lor pastoral care. In January 2021. Kay began a Ihree-year programmè 88 a Nevly Accredlled Mln18ter wlth Br18101 88Pt181 College and Southern Countles Bgptl81 As8odatSon. Kay18 8ucce88lully navlgatlng the varfous 888lgnrnents requlred for the complellon of Ihls proce88. 11 Is anllclpaled Kay I￿11 be formally wel¢omad 88 a I￿rY Accredlled Mln181er 8t 8aptlsl Assèmbly In 2025 once tho local assoGlatlon complete the necessary processes. K8y has proven oulstandlng In hor ablllly to preach and lead, alongslde her work In pastoral care. Sho 1$ a slgnlflc8nl 858et to our Leadership Team and 88rves a8 a Trustee. The rnlnlstrle8 of Mark Coleman a8 deanerlcaretsk8r and Julla Dynan as admlnlslrator aré cruclal to the support and resour¢lng of the m18slon and mSnlslry of thè Church. Julle has canlnued to develop Churchsulte a8 our admlnSslralion platform. In August 2022. Llnda C811an, our much-loved and long-servSng Church Sec¥¢tsry unexpectedly p8988d away. Th¢ Church Secretary role rem8lns vacant. de5Plte pro-activèly seekSng to fill the vac8ncy. We hope lo flll the Tole In July 2024. We have good links with other local churches and organlsalons, Indudlng Chrlstchurch Food Bank, Safe Famlll88 and we shared wlth several churches In a lolnl Good Frlday service. Slgnlficanl NnanGlal and prayer support has also conllnued for over8ea8 and UK-basgd mis¥lon work and projects, with 1Snks lo Uganda. Peru, eastern Europe 8nd southeast Asia. Esther Boulton, a Church member, works wlth Eklsa Mlni5trie¥ in Uganda. Flnan¢lal rèvlew Regular monthly monagem8nl accounts are prepared by the Tre88urer and presented lo the Leadershlp team and on a quarterly basls lo the Church meetlng. The moSn operaoonal bank accounts for the Chur¢h are held with The Co-operative Bank PLC and Lloyd8 Bank PLC. Incomlng resou￿•S Overall incoming resources for the year amounted to £647.049 {2023.'£245,7471. Outgolng rgsourceB Overall gxpenditure arnounted to £225,58012023'.£213.804). CHRISTCHURCH BAPTIST CHURCH TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Flnanclal health Tha over811 financial position of the Church Is ¢onsidered satlslactory In th8 context of plonned act￿11183 and the reserve8 policy. The Church holds £84,917 of unr681rlct8d free re8erveg thls is equlvalent to appr0￿Mate￿ 4 month8 of Genergl Fund expendlture. Inv••tm8nt pollcy The Church currently does not hold any 819nificant funds long-term Investment purpose8 and all funds are hèld In appropriate bank accounts ol v8￿ng leve18 of Interest and acco88, 88 approprlala lo the expected GaFh flow requlrgmenl8. Pon•lon provlslon The Church provides penslon ¢onlrlbullon8 under a deflned contributlon penBlon ¥cheme for Its employee8. Pr8vlous Mlnlsler8 of the Church were part of the BaP￿st Mlnlster8' penslon fund whlch was d08ed to future ac£ru8ls of deflned benefbts on 31 December 2011. In 201&19 the Church's obllgallons lo fund part of the Scheme deflcll were fvIIy 88tt18d. R•8•No1 Pollcy Note 19 to Ihg flnanclal 8lalemen18 shows the assets and liabill￿e8 attrlbut8ble to the v8rfou5 fundB by typ¢. Note8 16 and 17 descrfbe the vadous lund8 and 8ummarlse the yea¢8 movemonls on each fvnd. V8rlou8 re8trlGted and deslgnated lund$ are held for the spedfled purposes and the fund balance3 are malnlalneLI as approprlate to planned and or contlngenl actlvlll88. The General Fund balance Is tho prlmary general reserve of tho Church and11 Is 8lmed lo maSnlaln Ihls In the reglon of 2 to 5 months expendllure, a8 vlewed by the Trusteej 8s wovldlng an approprfats l¢v¢l of 8ecurfty to tha ongolng prO￿￿10n of actSvllle8. Pl•n• for future porlodj The Church alm6 to conllnLte to 88Ne others, mlnlsterfng effecllvtrly to 8 rangè of communlty group8, glvlng $lgnlflcanl focus lo work wlth Gh51dren and young people, and 8lms to grow numèrically. Church m8mW8 and attendee8 will be encouraged to grow In the knowledge and &ppll¢8Oon of thelr f8llh through w•ekly teachlng, In- Person or onlSne, 88 well as through relevant course8. The Church wlll develop Its research and seek opportunltle8 on how11 Can b88t Serve the area ol Chrlstchurch and wlll ¢onlinue lo partner with other Churches as opportunities arf6e. Wo w511 move forward our plans to make best use of our buildlngs and slles, developing an 8chlevable vlslon for the near future that wll re801ve the ch8lleng?s of Ilmited space and lacllltles for the number5 gatherlng 83 Church. Project Flv•'.One wlll be the prfmary locus lor 2024-2025, cr88ling a re6ourc8 whlch ￿11 enable us lo b8 even more effedve in servlng the local communlty. A new houslng estate, being developed opposlte the churth, will become a 81gnlflcant focu5 for our ml86lon and ministry. Malorrtsks Rlsk management The Tru5tee8 have assessed thg major rfsk8 to whSch the Churchls exposed, and are satisfled that system8 ara In place to mltlgale exposure lo the major rfsks. Structurn. govornan¢o and managomgnl Chrfslchurch Baptist Church Is a Self-govemlng, $èll-fln8ncing congregatSon vllhln the 8aptl8t Unlon of Graal Brltaln. The declslon maklng body, being the Church Meellng, comprtsgs als members of the Church, and 13 governed In accord wllh the GonslltutSon adopted on 29 January 2009 as part of the process to register with the Ch8rlty Comm15sion in a¢¢ord the revlsgd rules set out in the Chartttes Act 2006. Chrlslchurch Boplist Church was registered wllh the Charity Comml$slon on 23 October 2009. On 14)rll 2020, the Church became a CIO under ￿gIStered Char￿ number.. 1180334. and recelved the as58ls and adivlties Df the exl8llng Church, undgr Its revised Church c0nslltu￿0n dated 26 September 2019. CHRISTCHURCH BAPTIST CHURCH TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The Truste88 who ￿rVed durfng the year and up to the date of slgnalure olthe financlal Gtatements wore.. Rev C J BrockAvay Mr D MGLellan MT A Ren8haw Mr KThomas Rev K Boullon Mr L Bennett Ms L Chir9wln MS S Kersey MrA La￿ard Rev D Charnber8 Mr M Glodhlll Mr G Callan Mr P Doyle M8 J Auslln (Appolnted 20 July 20231 (Appolnted 20 Juty 2023) (Appolntsd 20 July 2023) (Appolntsd 20 July 2023 and reslgned 19 March 20241 Recrullm8nt and appolnlmenl of lrnst88S Organlsatlonal Structure Mlnlslers, Eld¢rs, Deacons, the Secretary 8nd th8 Trea8urer 8r8 811 trustees of tha Charlty and Ihelr oppolntment18 8pproved by the m8mber8hlp at a General Meallng, 88 and when requlrod. Th88e offlcer8 overoee tho runnlng of the affalrs of the Church. Durfng the flnancial yoar the Church eM￿Oyed flv8 8taff - hvo Mlnl8lers, an Admlnl8tMtor. a Car￿ker and 8 C>18 Mlnlslry Lead. The Tru81 s approved by the Board of Tru8tee8. Mr O McL8llan Tru8t• Trustee Dale.. CHRISTCHURCH BAPTIST CHURCH STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 Thg Trustges are reswnslble for preparlng the Trustees Roport and th• finandal statements In aCC￿rdanCe applicable law tynd Unlted Klngdom Accountlng St8ndard8 IUnlte(l Klngdom Generally Accepted Accounllng Pradcel. The law appllcable to Charl￿eS In England and Wales requlres the Trustees lo prepare finanelal statements for each n8ncial year which gNe a true and fair view of the 8Lite of affair8 of the Church and of the InGomlng resources and 8pplle8llon ol resources ol the Church for that year. In preparfng the88 flnanclal 8talernents. the Trustee8 are required to.. - select sultable accounting polldes 8nd thèn apply them conslstently; ob8erve the methods and prlnclples In thg Ch8dlieB SORP,. - make ludg8m8nts and 08llmAte$ that aT8 re880nable and prudent; 8tal8 %tholher applScable a￿OUnt￿n9 8tsnd•rd8 hava beèn followed, Subject to any materf81 departur88 d18c1088d and exp181ned in the fin8nd81 Btatements., and prepare the ftnanclal slalernents on the golng concem ba818 unl888 It16 Inapproprfate lo presum th81 the charfty wlll conllnua In operatlon. The Truste85 are responslble for keeplng suffldènl accountlng records that dlsclo¥e wlth re8$0nable accjjracy at any ￿me the flnancl81 posltlon ol the Chur¢h and &nable them lo ensure that the fin8ndal 8tatemenl8 comply vllh th• Charltle8 Act 2011, the Char5ty {Accounts and Report81 Regulallon8 2008 and the provl$lon$ of the trust deed. They $r¢ also re8pon81ble for safeguardSng the assets of the Church and hence lor takln9 reasonablè s18p8 lor the prevonbon 8nd d•ledon of fraud and other IrrggularlUes. CHRISTCHURCH BAPTIST CHURCH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHRISTCHURCH BAPTIST CHURCH I report b the Trustees on my examlnatlon of the flnandal 8tatemen18 of Chrfstchurth B8ptl8t Church Ilhe Church) for the year ended 31 March 2024. Responslbllltles and basls of report As the Trustees of the Church you are responslbl8 lor the preparallon of the financlal 8tst•m6nts In accordance % the requlremenls of the Char]lies Act 2011 (the 2011 A¢tl. I report In respect of my examlnatlon of the Church's financial st8lemenls earrled out under Section 145 of the 2011 Act. In carylng out my examlnallon I hav8 followed all the applicable Dlreotions given by the char￿ Commlsslon under sectlon 14515llbl of the 2011 Act. Ind•p•ndont examlneV8 Statement Slnce the Church's gross Income exceeded £250,000 your examlner must be a member of a body118ted In 8aCtlon 145 of the 2011 Act. I confirm that l am quo11flgd lo undertake the examlnation because l am a mémber ol the As80cla￿On ol Chartered Certified Accounl8nls, whlGh 1$ on8 ol Ih¢118ted bodlos. Your attenllon18 drawn lo the fact that the charity has prep8red financlal slatsments In accordarre wllh Accountlng and Repothng by Charltles preparlng Ihelr accounts In A¢¢ordance with the Flnanclal Rgportlng Standard appllcable In the UK and R8publlc of Ireland IFRS 1021 In preferenco lo the Accounting and Reportlng by Charthes.. Slalement of R6commend8d Piactlce Issued on l April 2005 which 1$ rafèrred lo In the extant rggulalion8 but has now been wllhdrawn. l understand that th18 ha8 boon done In order for financlal 8tatemen18 to provlde 8 Iruo end falr vlew accordanc8 wllh Gen8r8lly Accepted Accounllng PraGtIGe effectlv$ for repo￿ng parlods beglnnlng on or ofter l January 2015. I hav8 completed my examlnalion. I conflrm that no rnatterB havo come lo my attenlon in conne¢tton ￿th the examlnallon glvlng me cau88 to belSeve that In any materlal respect.. accounllng recor(18 were not kept In respeGI of tha Church a8 requlred by 8ectlcn 130 of th• 2011 Act,. or the fflnanclal statements do not accord wlth Iho6e record8.' or the flnancbal ststement8 do not comply wlth the appllcab18 requlremenl8 concernlng the form and content of accounts sel out In the Charille8 (Accounts and Reports) Regulgtlons 2008 other than any requlremenl that the accounts glve a true and falr vlew whlch18 not a matter consldered as part of an Independent eXamIn￿￿on. I have no concems and have come across no other matters In connectlon ￿th the examlnallon to whlch attenllon should b8 drawn In th18 roport In order lo enable a proper understandlng of th¢ fin$nclal 8talements lo be reached. Colln Dadsw811 FCA FCCA DChA Caladlne Ltd Chartered Certlfled Accountonts Caladlne Llmited Chantry House 22 Upperton Road Eastboume East Sussex BN21 1 BF Dated.. 23101 I ?.C).I CHRISTCHURCH BAPTIST CHURCH STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOMEAND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Currgnt Ilnanclal year Unrestrfcted Unrostrlcted lunds fund8 ggner•l D•#lgnated 2024 2024 Regtrlctod fund8 Total Total 2024 2024 2023 Notes Incomg Irom: Donations and legade8 Charitsble advlyes Inv88tmenlB 196,952 8.187 4.184 426,881 823,833 6.187 17,049 220,865 5.728 19,154 12.885 Total Incom• 207,303 439,746 647,049 245,747 Exp•ndltur• on: Ch8rftsbl8 advlYe8 187,3L13 8,782 31,492 225,580 213,804 Totsl •xp•ndltur• 187,308 8,782 31,492 225,580 213,804 Incom•l{oxpendltur•l 19,997 {8,7821 408,254 421,469 31,943 Tr8n8fers betsa¢n fund8 16 119,811) 152,417 132,8081 Nel movement In fund• 388 145,835 275,448 421,469 31,943 R•con¢lllatlon of fund$: Fund balances 811 Aprll 2023 64,531 1,545,350 321,314 1,931,195 1,899,252 Fund balancm at 31 Match 2024 64,917 1,890,985 596,7e2 2,352.864 1.931,195 Th8 stslement of flnanclal advlUg8 In¢lud68 all galna and108Be8 recogn16ed In the yo8r. All Incomè and 8xpendlture derive from continuing activities. CHRISTCHURCH BAPTIST CHURCH STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOMEAND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Prlor Ilnan¢l•l year Unre8trlctsd Unrn8trlctod funds fund8 gen6rdl Deslgnalod 2023 2023 Rmtrtctsd funds Tolal 2023 2023 Notss Incomè from: Donallons and legacles Charllablg acUvlUe8 Investments 186,973 5,726 17,301 33,892 220.885 S.728 19.154 1.853 Tot•1 In¢ome 210,002 36,745 245.747 exp•ndlturo on: Chartlable actlvllles 179,958 4,204 29.842 213.804 Total •xp•ndltur• 179,958 4,204 29,842 213,804 Net Incom•ll￿p•ndIturn) 30,044 (4,204) 6,103 31,943 Transl8rs behveen funds 16 122,3791 14,572 7,807 Net mov•rn•nt In fund• 7,865 10,368 13,910 31,943 Reconclll4tlon ollund•: Fund balances 011 Aprll 2022 58,886 1,534,982 307,404 1,899,252 Fund balance8 at 31 March 2023 64,531 1,545,350 321,314 1.931,195 CHRISTCHURCH BAPTIST CHURCH STATEMENT OF FINANCIAL POSITION ASAT31 MARCH 2024 2024 2023 Noto8 Flxed assets Property, plant and equipment 12 1,690.985 1,545,350 Current a8gets Trade and other recelvables Cash at bank and In hand 13 18,209 651,526 10.797 381.320 667,735 16,056) 392,117 (8,2721 CuTrnnt Ilabllftl88 14 Net Gurront auets 881.879 385,845 2,352,604 1,931,195 Th• funth ofth• Church Restrlcted Income funds Unresmctad funds - Gener81 Unrestdct8d fund8- Designated 16 596,782 84,917 1,690,988 321.314 64,531 1,S45.350 17 2,352,884 1,931.195 The finon le 18 ware approved by the Tru8tee$ on . kway Mr McLellan Tru8ts• CHRISTCHURCH BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 A¢countlng pollcle8 Charlty Informatlon Chrfslchurch Baptlst Church Is 8 8elf-governlng, 8ell-fin8nclng congregalon wlthln the Bapllst Union of Great Britain. In thè event of the Charlty belng wound up, the liablllty In respect of the guarantee Is limited to £1 per mornber of the Charlty. The address of the principal offic8 is given in thè Charlly infomialion al the start of this report. The nature of the Charity'8 operallons and principal activities is that of operalng a Church. 1.1 Accountlng conventlon The financlal 51alemenl8 have been prapared In accordance with the Church's con8lltullon, the Chorltl¢$ Act 2011 and "Accounting and Rgportlng by Charllies.. Statement of Recommended PracUGe appllcablè lo charitle8 prep8rtng Ihelr accounts In accordance wllh th8 Flnanclal Reportlng Standard appll¢abl¢ In the UK and Republlc of Ireland IFRS 102) leffe¢llve 1 January 2019)" The Church Is a Publlc Ben6fl1 Entlty 88 deftned by FRS 102. The Church has tsken 8dv3ntage of the provlsion8 in the SORP for charftlo$ 8pplylng FRS 102 Update Bulletln 1 not to prepar9 a Statement of Cash Flow8. The flnanclal statements have departed from the Charlle8 {Accounts and Reports) Regulatlon8 2008 only to the extent required to provlde a true and falr vlew. Th18 departure has Involved followlng the Statement of Recommonded Practlce for charllies applylng FRS 102 rather than the ver8Ion of the Statement of Recommonded Practlce whlch18 r•f¢rred to In the Regulallons bul whlth ha8 8lrw boon ￿thdraWn. Tha financial 81alemenls are prep4red In slerllng, whlch Is the funcllonal currency of the Church. Monetary amount8 In th888 flnanclal statements are rounded to tho neare51 £. The fln8n¢lal $tatemenl$ have been prepared under the h181orlcal cost ¢onvenllon. The prlnclpal accounlng polSae8 adopted are set out below. 1.2 Golng concern At the 1Sme of appfovlng the nn8nclal 8ts18ments. the ThJ8t885 have a reaBon8bl8 ¢xpe¢tstlon that tha Chur¢h has 8dequale resources to conJnu¢ In operallonal e￿$tence for the forgseeable future. Thus th& ThJ8lee8 contlnue to adopt the going concern basis of accounting In PTep8rlng the finandal ¥ts18ments. 1.3 Ch•rhblo lund• Unrestricted fund8 are those primarlly arfsing from g6n8ral glvlng lo the Chur¢h and whl¢h are used for the goneral njnning costs of the Church or other actIv￿e¥ falllng ￿thIn chadlabl? objects al the d18crelon ol trustees. De3lgn8led lund8 are those Set a81de by the tNslee8 out of the unre8trlcted general fund8 for a Spedfic purpos¢. R¢stricted fund8 are fijnds that can only bg used for partlcular purpose8 Wthln the object5 of the Church. Restrictions arlse when sp•cSfied by the trustegs or donor or when fund8 are r81sed for p8rtl¢ular r88lrlcted purposes. 1.4 In¢om8 Income Is recogn18ed when the Church is legally entitled lo It after any performance t>)ndlllon8 have b88n met, the arnounls can be measured rellably, and11 1$ probable that Income ￿11 b8 recglved. Cash donations are recogn18ed on receSpt. other donatlons are recognised once the Church ha¥ been notified of the donation. unless performance condllions require deferral of the amount. Income lax recoverable In relatlon to dOna￿on8 Teceived under GiftAid or deeds of covenant Is recognlsed at the time of the don8tlon. 10- CHRISTCHURCH BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles IContlnu•dl Legacies are recognised on receipt or olhemlse If thè Church has been notified of an Impendlng d15tr1butlon, the amount is known, and recelpt Is expected. If the amount Is not known. the legacy Is treated as a eonlngenl asset. Rental Income IB meaSu￿d at the amount recgivable for the perfod. Voluntary Income is ma5nly recelved by way of dona￿On8 and18 included In full when recelvabio. All other income18 8CCOUllted for on an a¢cru8ls bo818. 1.8 Exp•ndlture All expenditure18 accounted for on an accruals basls and has been classlfled under headlng8 that aggregate 811 costs re18ted lo the category. Expendltur8 Is ro¢Ogni￿d whera there Is a legal or Gonstru¢tlvè obllg8UDn lo make payments lo Ihlrd partSes, It Is prob8blo that the 8ettl6manl ￿11 be requlTed and the amount of the obllgallon can bè measured reliabty. Irrecovor8ble VAT 18 charged as an expense ag81n81 th8 8Ctlvlly for whlch the 8xp8ndlture aro8e. Charflobltr a¢tlvlty ¢08t8 comprf88 tho88 c08t8 Incurred by the Ch3￿ In the dellvèry of Its act￿llIeS and s?rvlce8. It Indudes both costs th81 ¢an b8 allocated dlrectly to such acllvltle8 and those coats ol an Indlrgct nature necessary to Support them. Support C0818 indude ￿ntral functlonB anty have beon 8llo¢aled to acllvlty cost calegorl•8 on 8 trA818 ¢onslstent vAlh the use of the re80urce8, 8u¢h as allocallng propety costs by floor area and staff costs on Ilme spent. Governance cr>8ts Include those costs a550cialèd ￿th meetlng the conslltutlonal and stalulory roqulrements of the Chadty Bnd Includo the co$t of èxtemal examinallon and co818 Ilnked to the straleglG monagement of the Charfty. 1.6 Property, plant and equlpm•nt Propety. plant and equlpmgnl gre Inllially measured at CO8t and subsoquenly mo￿Ur0d at ¢081 or valu8tlon, net of depreclallon and any impalmionl108888. Depreclallon IB recognI8ed so 85 to off th8 c08t or valuallon of asse15 le8S their residual value8 over thelr useful liv88 on the follovlng bas1S: Freohold land and bulldlngs Flxtures, flttlngs and fumlshSng8 Multl-medla & Sound Equlpmenl Nll 150fi reduclng b818nce basls 25% reduclng balance basls The value of the bulldlng8 brought lorward have begn induded the flnanclal slalements al an insurance value at the date the balance sheet was flrsl complled including fixed assets. The property PUTchawJ during 2016 is recorded al cost. Ihls buSlding has been partially r¢nted lo a third party bul the tru5tee$ conslder11 Is not an Investment property. The trustees consider that the deemed cost figure In the a¢¢ounls 18 not slgnlfieanlly dlfferenl to Its recoverable amount and ther￿ore deprecI8￿on doesn't need to be recognlsed. 1.7 Impalmlent of non