HOPE BAFfisT CHURCH. PLYMOL TEI FItIANCIAL STATEMENTS FOR THE YF..4R F.P+DF.D 31 DECE.NIBLR 2023 HOPE BAPTIST CHURCH. PLYMOUTH FIJA￿ClAL STATE%IEN'TS for the )ear ended 31 December 2023 Leoal and administrative infom)ation Trustees. / Directors. rewrt 4t07 Ind¢p¢ndent Examiner s report Statement of financial aciivilies Balance sheet 10 Notes to the financial staiements Detailed income and expenditure accouttt {not part of ihe siaiulory. financial Statements) 20to22 HOPE BAPTIST CIIL'RCH, PLYMOUTH LEGAL AND ADMINISTRATIVE INFORMATION Charity No: 187113 Trustee5 who 5erYed in the year: Mr A P Jopson (Treasurer) Mr K Harvej, (S¢creiary until 28.9.23) Mrs S Dixon T S Caird {Uniil 28 9.23) R Dy'moiid {Secr¢tary from 28.9.23) Minister who served in year: Rev L N Mansfield Secretary: Mr R Dymond Indepcnd¢nt Examiner: S Glenisier Dccpblu¢ Ac¢ounianis Ltd Unil 112, 91 Mayflower Sireet Plymouth PLI ISB B4nkers: The Co-operative Bank plc PO Box 250 Dclf House Souihway Sk¢lm¢rsdale WN8 6WT CCLA Investmeni Management Ltd COIF Chariiy Funds 80 Cheapside London EC2V 6DZ HOPE BAPTIST CHURCH, PLYMOUTH TRUSTEES, REPORT For the year ended 31 December 2023 The Trustees are pleased to present their report togeiher with the financial statements of the charity for Ihe year ended 31 December 2023. Legal and administrdtive infornlation set out on page J fornis part of ihis report. Structure, Governance and Management Governinx Documenl Hope Baptist Church, Plymouth is an inde￿ndent Baplisl church a￿llIaled lo the Baptist Union of Great Britain (-"BU"). It is legall!, stru¢iured as a Cliaritabl¢ InLorporated Organisation {"CIO") and go¥'erncd b). a consiiiuiion. li is a registered charitv iii its 0￿,n right reference 1187113 and as from l January 2021 incorrx)raied by is'ay of a meroer with the previous registered charilS.' Hope Baptist Church. Pl)'moutli. regISte￿d number 1127869. From I January 2021 the operations of the church came under the new CIO. Appoinlmeni of iruslees The trustees servino during the year and since the }iear end up to thc d&t¢ these accounts are signed off are listed on page 3. Trusiees are nominated from wiihiii the tnembership and elected at the Annual General M¢etii)g. Usliallv 2 or 3 Tnjsiees (depending on the size of the tcam) siand down each j'ear. All mernbers are circulated willi iiiK'itations to nominaie trustc¢s prior io ilie AGM advising tl)em of Ilie retirin8 Irustees a¥Jd requ¢siin8 nominations for ihe AGM. TNstees must be members of the church bapiised by full immersion. Tru51ee induclion undiraining N¢w Trusiees are provided wilh an oricnlalion pack io brief them on their legal obligaiions under chariiy law, the conient of lh¢ church rule5 and decision Inaking processes, and recenl financial performance ol tlie church and oiher important documenis which arc contained in an indlletion pack. Trustees are encouraged to attend appropriate external training events where these will facilitate lh¢ undertaking of iheir role. Orgttrtisnlion The Board of Trustees, currently called the Leadership Team (including a Secretary and a Treasurer). adrninisteis the church. The board nom)allv Ineets monthlv. A minisier(s) is appointed by the chur¢h to manage its day to day operations. Objectives and main activitie5 undertaken The church exists io pfoLlaim the gospel of J¢sus Christ and to make Him known. Our obje¢tives are achiev¢d in the following ways.. Minisiry St#ff As at J 1.12.23 the church emplo}'ed a full time minister. a full tini¢ traiiiee minister and a part rime office manager. The youth and children's pastor and caretaker resigned in (he year. In addition, thc church runs a debt coun5elling centre under Christians Against Poverty ("CAP"). Durinq the year end there was one accrediied debt coach. who worked one day each week throughout the )'ear on a i'oluniar) bas1S. Regular activitie5 undertaken The church runs reoular worship meeiings on Sundays and midweek on o¢¢asions and the ministers and oiher church members ar¢ available to anyone to assist in ministering to individual nceds. In the year lh¢ church continu¢d to re-establish man). of the outreach and other oper2tioiis that striiggled during ihe Covid season. Numbers anending on Sunda). mon)iJ)gs liave gradually risen in 2023 but a￿ Siill some 250/a lower than pre March 2020. The church now runs its regular midweek progrdms mainlv in person. although there are still some hvbrid meetings on Zoom, includiiig life groups. i¥hich studN' the Bible in people 5 lioines, youth clubs and Bible siudie5 for the under 185 and also some outreach broadcasts with Ih¢ aim of drawing people from the local commvnity io h¢ar the gospel. The activilies undertaken are to funher the charity s purposes for the Public Benefit. The trustees confirm thal the}. ha>'e given due considcralion 10 the Charity Commission's published gLiidan¢¢ on the Public Benefit under the Charities Act 2011. Training The church runs training courses for its members on occasions and facilitates individual's aitendanc¢ at exiernal training courses and Christian conferences. Developments oi'er the last year The key developments during 2023 can be summarised as follows.. the continued streaming of most sern'ic¢s in real lime on YouTube and Facebook Increased in person activities, this year including the Ignite youth club and the l(ddlers group Ihe ¢hurch's weekly soup nin ministry coiitinued the Lhurch continued lo offer an accredited debt coaching seTr'ice within its CAP cenlre. vliich enabled the church to offer debt resolution and budgeiing advice to peopl¢ with these problems and inlroduce Ihem to ihe Christian faith. Membership at 31 December 202J tolalled 129 (2022- 131). Financial Review Hope Baptist Church, Pl)'mouth has an operdtional surplus in 20?3 of £?4,294 {1092 operalional deficit of £20,069; 0￿erall surplus of £49.431). Ihe 202? figure5 were because the church's estimated share of th¢ ¢urt¢nt Baplist Union pcnsion scheme deficit as ai 31 Dcc¢inber 2022 was written down to £nil 131 DecemtKr ?0?1 £69.iOOI. A deiailed iiote was included in the 2022 financial stsiemenis. With this itetn and the building revaluations in 2015 the oNerall net asset position of the chur¢h stands at £1.037.681 at 31.12.23 (£1.013.386 at 31.12.221. An Emergency Operating Rcsetve has been set up to reflect 2 months averdge operating cosis. This stood at £34,000 at 31 December 2023 (2022 £34,000). This retnains in line with the organisation's published rese￿eS policy. Reseryes Policy The Trusiees believe thai ihe church should hold financial reserves (the Emcrgency Operating Reserve - EORI 10 protect against flurtuaitons in funding and to have the ability. to maintain its a¢tivilies in the short terni if funding is uncertain. The trustees believe that the miTrimutn level of the EOR should be the equii."alent of 2 moilths of annual opcrating cosis calculaied and tci'iewed annuall) aiid buili up (O tl)e desired level in stagcs in accordance i%'ith thc church-s oi'erall financial position and 11£ need ro maiiitain its activilies. The general unrestricted reserve is delailed uiider notc 13, logeiher witl) restricted funds. Risk Review The Trustees identify and discuss risks on a ttlonthly basis at team Ineclings. One key risk identified is the church's dep¢nd¢ncy on income sources in a recessionary econotnic climate and it is acknowl¢dgcd thai close monitoriiig nc¢ds io be maiiitained on finances and wa)'s of improving incotne Streams explored. The Trustees are developing a comprehensive risk management strategy. which will comprise.. an annual rekicw of the risks ihe church may fa¢e- the establishment of systems and procedures to miiigare Ihosc riskg ideniified and thc implementation of pr(Kedures designed to minimi5e any poiential impact on th church should those risks maierialise. Related Parties Trustees and manag¢ment of ihe charit!, are requir¢d to disclose connections wilh any organisation applying to the church for funding or being considered as a supplier. In Such circumstances. the relevant individual takes no part in the related decision tnaking process. Trustees, responsibilities in relation to the financial statements Charity law r¢quires the trusiees to prepare financial siaiements in accordance with applicable law and United Kinodom Geiierall). A¢¢epied Accouiiiii)g Practice tliat gil'¢ a true ai)d fair view of tlie state of ihe affairs of Ihe chlirch at thc cnd of ihc financial s'ear and of its surplus or d¢fi¢it for the financial year. In doing so the trustees are required to- Select sviEable accounting policies and then appl!, thetn ¢onsisiently- Make judgements aiid ¢stimates thai are reasonable and pruden¢: and Prepare ihe financial statements Q¥1 the bToing concern basis unless it 15 inappropriate io presume ihe church M'ill continue its operations. The Trustees are responsible for maintaining proper aecounling records ￿,￿leh disclose with reasonable aecuracy ai any (ime the financial position of the church aiid enables thcm to ¢i)sure that th¢ finan¢ial siaiements compl!, with ihe Statemcnt of RccoTnmended Praciice (SORP) issued by the Charil) Commission. The trustees are respoiisible for safcguarding the assets of the church and hence for taking reasonable sieps for th¢ prevcniioii and detection of fraud and other irregularitie5. In so far as the trustees are aware- There is no relevant audit inforniation of which the church's independent examiner is unaware. We as trustees hav¢ taken all steps ihat we oughi to hai'e taken to make ourselves aware of any rcl¢vini audit inforniation and to eslablish thai the independent examiner 15 aware of thai inforniation. Approved by the trustees on 171L and signed on its behalf by.. R Dymond (Secreiarv) l￿,1)F.1'F'.￿1)*-.￿-I- b'X..l.IllI%l'H'% I{1 I'IIIII 111 1111 MF,VIIfr I{5 f)P 111)I'fr IlAI'ri%-r liiili thrK tiiil (111 li) l{) bclow 10 Housing Allowance Miiiistry Minister related e_xpenses (C T&x, travel. water. ins, buildings) Ministry supporl Costs Trainee Minister costs + expenses You(h Worker {& SW'YMI - 5alar%', training & allowances Caretaker salary 29,015 6,543 9,600 3,878 2.106 30,445 21,369 2,964 27,186 8.431 9.600 3.708 2.666 24,397 34,165 10,965 105,920 Note 7 Admini51ration & Opetaiions manager (governan¢¢ cosi note 7) 17,166 19,208 123,086 140,326 No employee emolutnents atnounled io O￿tr £60.000 in lh¢ year (2022= nil). The average number of emplo>"ees, calculated on a full time equivalent basis. analysed by funclioii was'.- 2023 2022 No. Furtherance of objectives. including support 14 HOPE BAPTIST CHLRCH, PLYMOETH NOTES TO THE FIIANCIAL STATEMENTS For the year ended 31 December 2023 10. Tangible fixed assets Freehold Propertv Solar panels & oth¢r Minibus TOTAL Cost I valuation Ai l January.. 20?3 * Additions Disposal 830,000 4,39) 66,156 900,551 At 31 December 2023 830.000 4.395 66.156 900.551 Depreciation At l January 2023 Charge for year Disposal 4.295 50 52.681 3,295 56,976 3.345 At 31 December 2023 4,345 55.976 60.321 Net book amount As at 31 December 2023 830,000 50 10,180 840,230 As at 31 December 2022 830.000 100 13.475 843.575 °within freehold property is a propertv at 34 C¢darcroll Road. PIyTllQUth, valued at £180,000 which was held as a Manse for the minister s famil% s use. This valualion I￿a5 ba5¢d on an informal ￿ iew from a qualified valuer in February 2019. This was not uscd as a Mans¢ in 2022 and was renied out io provide an income. li sliould therefore mor¢ ¢orr¢ctly be classed now as an I￿￿'est[ne￿l Propert).. The church building has been inforrnall}' valued by a qualified valuer in February, 2019 at £650.000. This valuativn ivas based on the N iew of the survevor who Undert￿k ihe Inost recenr quinqueiinial r¢view of the property in February 2019. and was noi formali5ed bui based on il)e b¢si es¢iinate of the open market value at the time. The Church property is a mixed use propert5.' as pan of ii is rented out as a local library to provide rental income for the Church. It is not considered pratlical at ihis (ime io allocate tlie valuaiion between iangibl¢ fixed asseis and investment property. No depreciaiion has been charged where freehold property is carried at valuation. I l. Debtors & PTepavrnent5 2023 2022 Gift Aid Debtor Other debtors {including FIT) Trade debtors 8.698 1.700 300 6,896 3,825 10.698 10,721 Prepavment - Insurance Prepayment- subscriptions Prepasment - study fees 2,000 1.000 2,000 1,000 2,000 13.698 15.721 15 HOPE B.4PTIST CHLRCH. PLYMOUTH NOTES TO THE FIN'A.SCIAL STATE&MF.Tr¥TS FOT ibe v¢ar ended 31 December 2023 12. Creditors: amounts falling due wiihin one year 2023 2022 D¢ferred incotne- Employers NIC allowance Deferred ittcome - rent receii'ed in advance Deferred income - SWYM worker grant / provision D¢f¢rred inLOtne - ?0?3 Ai%.ayda)' 1,000 5,720 1.000 4,100 1.250 2,100 Total 6.720 8,450 Aeeruals Accrual - Gas Accrual electricity Accrual - independent examiner Aecrual - Water Accrual - cleaning costs 1.500 1,000 420 200 1.000 1,500 1.000 700 200 Total accruiils 4,120 3,400 Total ereditors & provisions 10,840 11.850 16 HOPE BAPTIST CHLRCH, PLYMOI."TH NOTES TO THE FINA.NCIAL STAI'EMENTS For the vear ended 31 December 2023 13. Movement in funds At l Januar). 2023 At 31 December 2U23 Income Expenditure Transfers Unrestricted funds: General reseTr'e Revaliiaiion reserve 106.843 830.000 209.258 207.635 108,466 830.000 936.843 209.258 207.635 938,466 Designated funds Designated emergency reserve Fabric Minibus & equipment Youth Fund Luncheon Club Women's Rendezvous Flower Fund 34.000 30,000 5.000 35 171 297 50 34,000 48,000 5,000 28 469 168 28 18,000 298 129 22 69,553 18298 158 87,693 Total unrestricted funds 1,006J96 227556 207,793 1.026,159 Restricted funds Soup run Gift of Elope Thank Offering 2023 41? 6,578 3,718 500 5.516 3.534 1.668 596 5,410 5,516 Total restrieted funds 6,990 9,734 11,-522 Total funds 1.013J86 237,290 212.995 1,037,681 The General reserve represents the frce funds of the church. which are not designated for particular purposes. The Emergency operaiin8 reserve represents funds which the trustees hai'e sel aside to both proteci against, and to continue 0￿ratitIg in the ei'eni of. unforeseen events. Restricted funds Restricted funds are those funds sel aside for a particular specific use. Movemenis in and out duriiig ilie year are shoi*n aLx)i'¢ and remaining funds hcld ai tl)e end ofthe j'ear are shoii.n in creditors lil the balance sheet. Designated funds Th¢se are the funds held by sulFgroups of lh¢ church set aside to be applied to their particular areas of minisiry. The rransfer was fund5 transferred from main church to youth accounl. 17 HOPE BAwfIsT CHLRCH, PLY.MOUT14 NOTES TO THE FINA.NCIAL STATEMENTS For the year ended 31 Deeember 2023 14. Analysis of net assets between funds Unrestricted Funds Restricted Funds Total Funds Fund balances at 31 December 2023 are represented by: Tangible fi.xed asset- church freehold building 650,000 Tangible fixed asset- inNesim¢nl property 180.000 Tangible fixed assei - Minibus 50 Piano 3,500 Music Projecior & PA 6,680 Solar panels 650,000 180,000 50 3,500 6.680 Current assets Current liabiliiies 196.769 (10.840) 11,522 208,291 (10.840) Nel ass¢ls al 31 December 2023 1,026.159 11.522 1,037.681 15. Defined benefit pension scheme liability Pension scheme #rrAnRemenis 'I'he cliariiy is a P1£ rticipating employcr in the Baptisi Union Pension Scheme, which. prior lo January 2012. was o Inulti-employer defined benefit s¢heine. Tlie lasl actuarial valiiaiioi) indicated tlial ihe obligjation to provide delined bL'nefits g)ives rise lo a funding deficit and ilie chariiy, along wi(1) oiher partlClP£1ting einployers. musl make addiiional coniribulions io remedy ili¢ deficii. Thc obligation io make defi¢it reduction contribiiti()11s in fitliire years lias been included as a liabiliiy in these financial slaiein¢i)Is. Furtlier iiiformalion about tliis d¢fiiied benefiis scheme and the charity's obligation lo coiitribuie iowards ilie funding deficit, is disclosed ¢lsewhere in the noies io Iliese a¢¢ounts. Pension commilmenlJ The BAptjSt Union Pension S¢heme Baekground lo the disclosur¢ The ¢harity is a participating einployer in the Bapiisi Pensioii Scheme ("tlie s¢hcme"l. which is adinii)istered by th¢ Peiision Trustee (Baptist Pension Trusi l.imited). The scliem¢ 15 a separaic legal entit}, and the 28SCt5 of tl?e siheme are held 5cparately from ihosc of the employer and other paniLipating employers. The scheine compris¢s a Defincd Coniribuiion ("DC") plan, and a Defined Benefil {"DB") plan. The pensions cost5 charged io the SOFA in the year cownprise coniributions acrruin8 in Ihe year in respect of the DC plan plu5 the impa¢i ofdefi¢i¢ncy coniributions io thc DB plan (see below). Tlie charity recogniscd a liability for lis expected best estimate of the future deficienc). ¢oniribLltions io tlie DB plan. on th¢ basis set out below under the heading"Basis for deiennining the DB plan liability" The Ministers (including trainees) are eligible to join the scheme. 18 The defined eontribution plan From January 2012. perksion provision is being made through the Defined Contribution ("DC") plan witliin the scheme. In general. members paN 80/0 of their p¢nsionable incoiiie and emplos.ers pay 60/0 of m¢mbcrs' pensionable income into individual pension accouftts. which are operated ai)d managed on behalf of the Pension Trustee by Legal and General Life Assurance Sociei}' Limited. In additioi). the emploi'er pays a further 40/0 of Pensionabl¢ IncoTne (or 30/0 if the employer is in the segregated DC section) to cover Death in Service Benefits. administration costs. and an associated insurance polici. th.hicl) proi'ides income protection for Sclieme members in ihe event thai they are unable io work due to long-tcrm incapacity. This in¢om¢ protection policy has been insured b). th¢ Baptist Union of Greai Britain w iih Aviiia. Members of the basic s¢crion pav reduced contributions of 5 % of Pensionable In¢ome, and iheir employers also pay a total of 5 /0. The defined benefit plan Benefits in respect of service prior io l Januarv 2012 are provided ihrough the Defined Benefit IDBI Plan ¥ithin the Schcme. The main benefits for pre-2012 sern'ice were a defined benefit peiisioi) of oiie eigl)tietli of rinal Mii)iinuin Pensionable Incoine for each year of Pensionable Seri'ic¢, logether witli additional pension in respect of premiums paid on Pensionable Income in excess of Minimum Pensionable Income. The Scheme, previously known as the Baptist Min]￿ers, Pension Fund. siarted in 1925, but was closcd to future accrual of defined Etnefits on 31 December 2011. A fomial valuaiion of th¢ D¢fin¢d Benefil IDB) Plan wa5 performed at 31 Deceinber 2019 by a professionally qualified Actuary usiiig rhe Projecied Unit Meihod. The markei value of the DB Plan ass¢ts at thc valuation dale was £298 million. Thc valuation of the DB Plan revealed a deficit of assets compared willi the value of liabilities of £18 million (¢quival¢nl to a past sen'ice funding level of 940/0). Recovery plan A recovery plan dated 30 September 2020 w.as agreed to make good th¢ abov¢ deficit iii assets. Th¢refore, ii) dddition to th¢ contributions to th¢ DC plan set out abo￿e. Ilie Irustees and ihe coui)cil agree io a rate of dcficiency contributions frotn churches and other employers involved in ihe DB plan. It was asreed that the siandard rate of deficiency contributions from ilie churches and oiher emplo}'ers involi.'ed in the DB plan will remain at the prcviou51v aureed lei'els. increasing each year in line with the increases in th¢ minimum p¢nsioiiabl¢ incom¢_ Th¢ dcficiency contributions were broadly based on 120/0 of Ilie Pens￿onable incotne I minimum pensionable iiicome. reflecting each einplo)'er s contribution in March 2015. Some emplo)'ers ihat were ini'olN"ed in the DB plan for a shon period paid lo¥%'er contributions. The r¢cov¢ry plan originally envisaged deficiency contributioi)s continuing unlil June 2026: liowever. a valuatlOl1 of the deficit as at 30 NTovember 2022 established thai the d¢ficit had be¢n ¢lear¢d. panls. by deficit contributions paid io thai dale. bul partly bj ihe Bapiisi U'nion of Great Britain coii(ributions and property aiid other asset sales. Basis for determinin% the DB plan liability The pension liabililv included in ihese accounts is based on an eslimatc of the atnount that tlie charity would be reouired to pay should the charity decide have to settle the pension sclieine debt immediately.: the Baptist Pensioii Scheme (the"BPS") has provided ihis estimate. The BPS collected deficii contributions mnnthly throughout ihe year until it realrsed that the deficit had been cleared, folloiving which contributions continued at the rat¢ of £ I per month. The church's share of the overall pension scheme deficit as ai 31 December 2023 is eslimaied by the pension (rusiees ai £nil (2022 £nil)- The profit and loss charge lor the peri(NJ represents the total pension coniribuiions payable. The total pension cost for the Chiirch of ihe BU s¢heme (including eJnplo￿ees contributions and deficit coiitributions of £12) as £10,212 (2022 £11.8?5 including deficii coniribu(ions of £2.364). 19 HOPE BAPTIST CHURCH, PLYMOL TH DETAILF.D INCOMI E AND EXPEINDITLRE ACCOUNT FOR THE YEAR E.T%DED 31 DECF.MBF.R 2023 2023 2022 Income Unrestricted Offerings I,egacies l one off gifts Mission Rental Income- church buildings Renial income- J4 Cedarcroft Rd Oth¢r Income & Donations from Lhurch groups Church weekend away Community Café / outrea¢h In & Out donations to others SWYM worker income CAP project incoTne Gift Aid Recovered Sub groups Solar Panels FIT tariff income Bank Interesi Etnployment Allowanc¢ (HMRC) 128,688 4,275 117,608 8.816 178 22,587 10,500 4,377 7.895 2.449 234 4,950 500 29.061 19.666 10,800 7.097 300 2.314 1.252 1.000 32.609 22 5.606 6,558 4,698 5,000 487 4,764 Restricted Soiip Run Gift of Hope Thank offering 2023 Gliana project 227556 219,406 3.718 500 5,516 2,872 6,258 2.809 9.734 11,939 237.290 231,345 Expenditure Charitable activities (page 21) 192,238 231,506 Governance & support costs (page 22) 20.757 19.908 212.995 251,414 Nel operational income (expenditure) for the )ear 24.295 (20,069) Pension scheme adjustment 69,500 Net income for the year 24,295 49,431 20 HOPF. B.4FfIsT CHLRCH, PLY.MOUTI4 DETAILED I)CO.ME A.ND F.XPE%DJTLRF. ACC.OITYT FOR THE YEAR ES'DED 31 DECLMBER 2023 ExpendÉture ChAritable Activitie5- Unrestricted Direc( Actii'ities Support Costs 2023 Total 2023 Total 2022 2023 Minister (incl BU pension dcfi¢it costs) Trainee iminister SWYM worker Yourh & Childrens Worker & youth work Caretaking & cleaning costs Trainino & other staff costs R¢oruitment Ministry & visiting Speaker expenses Mission Building Maintenancc & Upkeep Catering. kiichen & Cleaniiig matcrials Utilities (water, gas, elec) & internet MultiTn¢dia Maintenance & Developwneni Ins & outs Administrdtion (photocopying etc.) Office equipment Outreach Discipleship CAP project Community Cafe Minibus Expenditure Church weckend awa). Depreciation Designaied funds church sub_groups Childr¢n and Youth work subsidies Other Expenditure {subscriptions etc.) Bank charges & commission 49,036 30.445 5.025 21.369 15,128 1.776 49.036 30.445 5.025 21,369 15,128 1,776 48,925 24.397 8.850 25.315 10,965 1,308 1,000 2,666 12.063 36.845 3,127 9,408 2,106 12.729 2.106 12,729 4.521 9.235 3.312 2.314 3,565 552 263 807 4.652 13 2.436 330 4,521 9,235 3.312 2.314 3,565 552 263 807 4.652 13 2,436 330 3,451 22 2,217 3.818 184 3,153 821 850 140 4.100 77 2.264 8,820 2,385 1,755 515 3.479 229 3.451 22 2217 3.818 184 Total unrestrirt¢d expenditure 187,036 3,451 190,487 213,457 Charitable Activities - Restricted Direct ActiTrities 2023 Support Cos15 2023 Total 2023 Total 2U22 Soup run Gift of Hope Ghana project J Gardiner mission Rcfii¥ee project (TO 2020) 3.534 1,668 3,534 1,668 3.237 4.610 9.816 30 i56 5202 5202 18,049 TOTAL CHARITABLE ACTIVITIES 192.238 195,689 231,506 21 Governance costs Offic¢ Inanager salaTh' Independent Examiners fee 17.166 140 17,166 140 19,208 700 17J06 17J06 19,908 TOTAL EXPENDITURE 192,238 20,757 212,995 251,414 22