BUCKINGHAM EVANGELICAL CHURCH
REPORT & ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2023
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BUCKINGHAM EVANGELICAL CHURCH
FOR THE YEAR ENDED 30 JUNE 2023
LEGAL & ADMINISTRATIVE DETAILS
ADDRESS FOR CORRESPONDENCE Buckingham Evangelical Church 17 Otters Brook Buckingham MK18 7EB GOVERNING DOCUMENT Constitution dated October 2019 TRUSTEES James Pope (Pastor/Elder) James Dean (Elder) Phil Goss (Elder) CHARITY NUMBER 1187402 BANKERS National Westminster Bank Plc 80 High Street Stony Stratford Milton Keynes MK11 1AJ INDEPENDENT EXAMINER Jill Kler Kler Associates Limited 21 Kilwinning Drive Milton Keynes MK10 9BW
INDEX
Page 2 Legal & Administrative Details Page 3 to 4 Trustees' Report Page 5 Independent Examiner's Report Page 6 Receipts and Payments Account Page 7 Statement of Assets & Liabilities Pages 8 to 10 Notes to the Accounts
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BUCKINGHAM EVANGELICAL CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023
The Trustees have pleasure in submitting the Report and Accounts for the year.
Objects of the charity
The Trust seeks to demonstrate the Christian faith in action by presenting the Gospel clearly so that people may be drawn to trust Jesus Christ as personal saviour; to teach Scripture so that people can grow to spiritual maturity and usefulness in Christian service; to share with other churches the responsibility of reaching all people with the gospel; to develop leadership which will strengthen this church, encourage other churches and begin new churches elsewhere; thereby preserving for coming generations a body with responsibility and spiritual stability.
Government
The policy and operating decisions of the charity rest with the Trustees who meet regularly to monitor the activities of the Trust.
New trustees are appointed by the members of the church.
Review of Activities
There has been a demonstration of the Christian faith in action by serving the community in which it operates through preaching the Gospel, Christian teaching and acts, and providing opportunities for non-Church members to explore the Christian message.
The previous year has been a time of growth after the Covid-19 pandemic. The church has returned to a full programme and numbers attending has grown. This is due to people returning to the church and new people joining. This can be seen across our Sunday services, small groups, community programmes and preschool, children’s and young people’s programmes.
The church has continued to partner with other local churches, we delivered a summer holiday club with the other churches in the town as well as a Christmas and Easter school’s work. We joined with other churches across our region also to deliver a summer teaching programme. We look forward to furthering these relationships in the coming year.
The church has been active in the local community this year. We entered the second year of our music-based toddler group as well as extending invitations to our regular services and special events.
Alongside this we have continued to run mercy projects which provide practical support to individuals and families in crisis.
Additionally, the church has sought to take our commission seriously through the support of various Christian missionaries and agencies. It has been a joy to welcome two of these partners to the church during their home assignment time to report of their work to the church. We have continued to receive written reports from the others. We have also invited others in this year to share of ministries in other parts of the world.
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As well as this regular work the church has also taken charitable collections. Our harvest collection went to the local food bank and our Christmas collection went to help those struggling with the cost of living in London.
Financial Review
Finances for the church came from freewill gifts and offerings to the church, and from interest on church bank accounts. £1,831 was received as restricted gifts. These restricted funds were disbursed per restriction. £15,715 was claimed back as gift aid.
During the financial year, receipts of £80,666 were received, of which £1,956 were restricted gifts (including gift aid claimed back); payments were £74,421 of which £1,956 were restricted. The main account bank balance at the year end was £8,662. The deposit accounts year end balance for 2023 were £22,733 (Redwood Bank), £34,985 (Charity Bank), £52,000 (United Trust Bank) and £85,000 (Cambridge & Counties Bank).
Reserves Policy
The church had a balance of approximately £202,000 in unrestricted funds at the year end. In wanting to use our resources to train future leaders in the UK church we have taken on a trainee pastor. This will be partially funded from our reserves. The trustees have been investigating different options to use other reserve funds in line with the charity's objectives.
Trustees' Responsibilities
Charity law requires us as Trustees to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year.
We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011.
We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities
Approval
This report was approved by the trustees on 14 January 2024 signed on their behalf by:
James Dean James Pope
James Dean James Pope
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INDEPENDENT EXAM REPORT 21 KIKnning Drwe. Monk&ton Mitton Keynes. MK10 9BW Td8phone 1019081325 120 Fax.. 101908139317S EmAil. inf KAL Kler Assoeiote.s Li1711ted nde ndent examiner's ort the accounts Rer to th¢ tsijstsetncInbeT5 of.. BuckinghAm Evangelical ChuTch On count5 for the yw ¢ndin8 30 June 2023 tlvÈ ibilities of trusteeg and ex1 The charitle5 tfU5tees consider that an audit is llol required forthis year lunder8e¢tiotk 145 ofthe ch3ri1ies arl 201 Ilihe a1. and ihat an indeptrtd¢nt ¢xa]ninaiion is needed. It is my resp)nsibility to.. E?mItte the (under Section 145 of the a¢tl. To follow the PTocedures ld down in the G¢tt¢ral DirelOnS 8iven by the Ciwiii¢s Comtni55ion under section 145(5llbl of the act. And To state whetheT Pthiculu matters have com¢ 10 my attention. B15 if ind illeTS ststemtnt My ExamiJ)ation crIed out in a¢¢ordart¢e with General Directiott$ 8iven by the Clwiti¢$ Commi55ion. An examinatiotj in¢ludes a review of the ac¢ovnting TecoTds kept by the chariry and a cornparison of the aceourtts prenIed with those re¢ords. It also includes tonsideration of any unusuBI iiems OT disclosures in the accounts. seeking explana¢ion from ihe tnjstees concerjjing any such rnatteTS. The procedu$ undettsken do not provide all the evidertce that would be required in Art AudiL gt conseqllenily I do nDt expTe55 an autht optnion on the accounts. Inde rlde statement J have examined the rerdS and accounts provided from the cknity and in doin8 80 the followitL8 The Tecords are kept itt good OrdeT and in Eccord8nce with settson 41 of the Act. The atcounts agree in 8118SP¢Cts with the COunting records And 88ree with the accountin8 requiTen)ertis of the aci. Th¢Te is noihing io which in my opirtiott, atTention should be drawn itt order to enable o PTOFer understsJ)ding if the accounts lo be reaciwd. Mrs G Kler REGISTEREDf*FtE 21 KILNNL)RlvE.mO4KSTON.K11LTts1xEVNEs GlI1f(E.TrAKIQg8 REGISTEREDIP1LN SI)B45 Page 5 of 10
BUCKINGHAM EVANGELICAL CHURCH
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2023
| Notes | Unrestricted | Restricted | Year Ending | Year Ending | |
|---|---|---|---|---|---|
| Funds | Funds | 30/06/2023 | 30/06/2022 | ||
| £ | £ | £ | £ | ||
| Receipts | |||||
| Voluntary receipts | |||||
| Grants and gifts received | 60,565 | 1,831 | 62,396 | 49,193 | |
| Tax refunds under Gift Aid | 15,590 | 125 | 15,715 | 12,515 | |
| 76,155 | 1,956 | 78,111 | 61,708 | ||
| Other receipts | |||||
| Interest received | 2,555 | 0 | 2,555 | 1,056 | |
| Total Receipts | 78,710 | 1,956 | 80,666 | 62,765 |
Payments
Charitable expenditure in furtherance of the church's objectives
| Direct costs | 2 | 62,803 | 0 | 62,803 | 55,127 |
|---|---|---|---|---|---|
| Grants paid | 3 | 9,662 | 1,956 | 11,618 | 10,316 |
| Total Payments | 72,465 | 1,956 | 74,421 | 65,442 | |
| Net Receipts/(Payments) | 6,245 | 0 | 6,245 | -2,678 | |
| before transfers | |||||
| Transfers between funds | 0 | 0 | 0 | 0 | |
| Net Movement in Funds | 6,245 | 0 | 6,245 | -2,678 | |
| Opening Balance 1 July 2022 | 196,252 | 883 | 197,135 | ||
| Balances at 30 June 2023 | 202,498 | 883 | 203,380 |
The notes on pages 8 - 10 form part of these accounts.
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BUCKINGHAM EVANGELICAL CHURCH
STATEMENT OF ASSETS & LIABILITIES
AS AT 30 JUNE 2023
1. Fixed Assets
| Insured value of the assets owned: Equipment 2. Bank & Cash Balances Natwest Current Account Shawbrook Saving Account Redwood Bank Charity Bank Kingdom Bank United Trust Bank Cambridge & Counties Bank Cash float 3. Other Assets & Liabilities Assets Gift aid tax recovery not yet received Liabilities Accrued charges Net other assets |
Year Ending Year Ending |
|---|---|
| 30/06/2023 30/06/2022 |
|
| £ £ 13,500 12,775 |
|
| 13,500 12,775 |
|
| Year Ending Year Ending |
|
| 30/06/2023 30/06/2022 |
|
| £ £ 8,662 386 0 45,462 22,733 83,755 34,985 32,532 0 35,000 52,000 0 85,000 0 0 |
|
| 203,380 197,135 |
|
| Year Ending Year Ending |
|
| 30/06/2023 30/06/2022 |
|
| 1,839 4,719 |
|
| 1,839 4,719 0 0 |
|
| 1,839 4,719 |
The accounts were approved by the trustees and signed on their behalf on 14 January 2024 by
James Dean James Pope James Dean James Pope
The notes on pages 8 - 10 form part of these accounts.
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BUCKINGHAM EVANGELICAL CHURCH
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2023
1 Accounting Policies
The accounts have been prepared on a receipts and payments basis with a statement of assets and liabilities.
| 2 a) b) |
Direct costs Unrestricted Restricted Total Year End Total Year End Funds Funds 30/06/2023 30/06/2022 £ £ £ £ Congregational Costs Property costs rent 2,747 0 2,747 1,389 Licenses (eg Copyright/CCPAS) 1,037 0 1,037 0 Insurance, Legal & Accounting 416 0 416 405 Visiting Speakers, Choirs & Groups 378 0 378 50 Refreshments 477 0 477 0 FIEC 860 0 860 1,117 Office Supplies 0 0 0 0 Minor equipment & Resources 794 0 794 988 Benevolent Fund 0 0 0 0 Other Congregational Costs 45 0 45 0 |
|---|---|
| 6,753 0 6,753 3,949 Personnel Personnel Salary, Pension, Tax 28,546 0 28,546 11,500 Housing for Pastor 25,131 0 25,131 6,975 Personnel Training 1,289 0 1,289 0 Re-imbursement of Elders' Expenses 0 0 0 0 Sub Total |
|
| 54,966 0 54,966 18,475 Sub Total |
|
| Congregational Costs Total 61,719 0 61,719 22,424 |
|
| Outreach Advertising 0 0 0 0 Outreach Events 713 0 713 0 Sunday School & Work Amongst the Young 186 0 186 0 Literature 185 0 185 60 |
|
| Outreach Total 1,084 0 1,084 60 |
|
| Direct Costs Total 62,803 0 62,803 22,484 |
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BUCKINGHAM EVANGELICAL CHURCH
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2023
| 3 a) b) |
Grants Paid Unrestricted Restricted Total Year End Total Year End Funds Funds 30/06/2023 30/06/2022 £ £ £ £ Individuals (Missions) Total Regularly supported individuals 3,960 0 3,960 3,790 One-off gifts to individuals 0 0 0 0 |
|---|---|
| 3,960 0 3,960 3,790 Institutions London City Mission 3,622 1,756 5,377 3,113 OMF 1,980 200 2,180 1,845 Slavic Gospel Association 0 0 0 1,568 Institutions (grants less than £1000 per year) 100 0 100 0 Total |
|
| 5,702 1,956 7,658 6,526 Total |
|
| Grants Total 9,662 1,956 11,618 10,316 |
4 Employees and trustees
The charity has one employee, James Pope.
No amounts were paid or are payable to any other trustee or to any person connected to them.
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BUCKINGHAM EVANGELICAL CHURCH
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2023
| 5 Movement in Funds Restricted Funds: Benevolent Fund Y.P. Summer Camp Mission Gifts Total Restricted Funds Unrestricted Funds: General Fund Total Unrestricted Funds Total Funds |
Balance at 01/07/2022 Receipts Payments Transfers Balance at 30/06/2023 £ £ £ £ £ 500 0 0 0 500 383 0 0 0 383 0 1,956 -1,956 0 0 |
|---|---|
| 883 1,956 -1,956 0 883 |
|
| 196,252 78,710 -72,465 0 202,498 |
|
| 196,252 78,710 -72,465 0 202,498 |
|
| 197,135 80,666 -74,421 0 203,380 |
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