REGISTERED CHARITY NUMBER: 1195670 ABBEY CENTRE BAPTIST CHURCH (CHARITY INCORPORATEO ORGANISAnONI ANNUAL REPORT and ACCOUNTS FOR ThE YEAR ENDED 31 DECEMBER 2023
ABBEY CENTRE BAPTIST CHURCH CIO Report and Accounts Page Front Cover Contents Reference and administralive details Annual Report 4t06 Trustees. r8spon$ibilities ststement Independ8nt Examinerfs Report on the financial statements Statement of Financial Activities Balance Sheet 10 Notes to the Financial Statements 11to17
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ABBEY CENTRE BApnsT CHURCH Clo Trustees Annual Report for the year ended 31 December 2023 YlrucluTh, GD¥•Mr• The Abbey B.IrAi#chUh11hE chwthl. Isa CJwiiys Lind 4Valtss Isl Snptemboi 2Q21. RsO¥eS are c¢m11J. SD arelieal dJy.We ils moot1s. Ihott&Konsrecew&rDpMsltom thD mmEr.It&Thww wko[lChrfy and the 5LIM'$ctyth)ulth iotrj I)ntl Its2 DeacoD$anOthfj ThtspIi wrposo oltho Churthrdlhp $IBnlll¢ArtI A¢Uvbll• ifvirilywuvidos il pluc a kneolfflutryrw ysNP. SovbiLI1 47 SWFweknlov44IiiiTrl1I &xth ThiytAk05 IoTm olwoisliw S(J4. iryrll IraNJ r. nwjmbors Wo Cliili VcODr Iildriyll Ihoafjool O wn4¢NrtI.ty)O. ThoCl¥itch b¥iisynxKniliity f] tk¥ ACthlwT<' ppfBiMTrwllli v14Trrn(wi Iwry rh11h lrtr Ilin Wn rnnlini lo li MYn1hlyffl.gtr1 EIyu5ry lot dtssgl lu Ib UK pls lo Iw.iLY IT11 5UPWtll by8at. UthlooRBTM . 9 uDpni 111 20?3 ILilyvw I.lIa. hovL' 1th1llYwun il w&7.¥thr eL¥bY¢vjdfvTr1hD toTrwnunilyol
ABBEY CENTRE BAPTIST ¢frtURCH CIO Trustees. Annual Report for the year ended 31 December 2023 Duriiig thv lev¥ tothe CK>. Pr1VWlS fjivlD SAf&lluard1i. our MiThStoi. Tle•S anOSalegtsatdrN a[WYd ata MCh McliJ YYlV lbpfrvw¢ P(Y&S Up japplav] achwch Me9. [eque0 kne Pts11t B•n•flt Tho 111151otss hLiVe COndered ofrdKw T11 LlhLili.nus iobÈ b)s¢rwthÈ UWWtsts¢rThts0d FINANCL4U REIW Thi. firi.IIN i.ll IhCtsntyr& tyJlhth• Balw¢tel •Th1tho Mi•sh Prlnclp•l lundln4swrt•¥ dnniilirin4 IiiKI l4èxT1h tho Ip J1.12.23wa5 £17Q9$9. MltolldclT T BlIlA4 bfined10r 10% pot glvii UK k) MwtrJkwtyfflAv uiiitstsliud IndS Funds RusErLd I19 Fund> Poll¢¥ InY•¥tmpnt poll¢y 8ppl11f.'ttI IIIv3e lunils 1(WI ombor 2023h Wlsl T¢w•r VDIumi#•r VIAUiili..r.Wh0lhr Ihty.Ir mvrnbopJ. 3kiN4wlrlrid Idlonl Io thp Ihochwth. 11 WdvMrAcrrfnolo Ihu ¥1%. WDwswoI lEd1. EuIkn.Lfkn Tr8er. 47towJrt5. yibl olMr piJcticJl rr.IininiJ tof%l1 p IMJW adu115upkn dt1h1Q5laIK
A88EY CENTRE BAPTIST CHURCH CIO Trustees. Annual Report for the year ended 31 December 2023 chiiiEh lDte5pp¢lvtryphV0 Fulur• Plarr4 Wii biiJih2n24 okni mlnhltsr a s•thofsTrk¢s atrAwJWyth th15.wtsw Ihis nitsyto a$a ttsJl¢hy $. s))1 So leiidiiirJ fffltr. In KID1hst Chutth. are85 wll bfMJin Ihiywlh D5DC4 C(thfj Fdw2024 Chriilmii 4. Tbpy¥AI bp.pniry rYayLrtulty Ifthcy(OU tBL
ABBEY CENTRE BAPTIST CHURCH Cto Trustees. Annual Report for the year ended 31 December 2023 'TRIISTEES'Resp(•1818lLNY STATEIIENT stale ofthe chalityaOI11yi¢m Wo are . 2. ostw1 thal roasonablÉ •WDined In thE Pts%i14tsn ol Iho thaiilyand ¥nabkTru5 loen5welhal 2011 PIIIICipIus in lheleoJTr01IhttcIXw*G(r1urL. C LHrJ
ABBEY CENTRE BAPTIST CHURCH CK) IndgpendBnt Examinerfs report Iiuyoll th ALtwhlsollhèAtsbÈyCÉntreK.1l cix¥(IAOwith 31 D8cernLr23.+1chllTrEtA¢ pw5kn 1 b•tholr•p•it ill rtWl(rf Chrf5 145dtrAcl my mo raue¢ itsb¢bov¢. .,wi.ijuijt kqpl nlthB iYJalthDAct. 2. ur.IDESdD nDI OccorfwlheTeCIWth. J. acc4)unlsth IkAtry11Il Iho NN.I OSA 141hW3024
ABBEY CENTRE BAPTIST CHURCH CIO Noles to the Flnancial Statements for the Year Ended 31 Decefflber 2023 15opt2021 to 31 2022 LknrMlrlct•d R•Alilthd lun Ineon #nd En¢knM•ni• frnm.. 42.705 7.897 27.119 ¢Lib 957 957 TOT 170.99J 7.891 17B.8 gJ.761 ).583 344.B72 T.938 352.610 195.173 191.2YD J.u8J TOTAL 341.872 T.938 JS2.810 19S,173 191.2 3.883 N•1 tsK¢NYd• I l•xp•thdRuTh) 17J.179 173.920 101.409 702 Tvan•l(tr4 boknvooD lyn Olh•r r•cognlwd IlotmowJrn•nl In 101.4U9 707 Re¢OlunI1Dn 91 Fw 2.707.910 541 Z.IOB.4S1 Tal urr&Rdforwd 2.534.031 2.534.537 2.708.457 2.701.910 547
BBEY CE14TRE BAPTIST CHURCH C Notes to the Financial Sta¢ernen15 for Ihe Ye Ended 31 December 2023 2.4Jf2.2ag 2452119 7.W2Bg ?M2D.258 CurrhlMMt• 1 121.11i 124.96 iO.U2 10.fQl 10.OV, 401 2744.165 J5.739 2.mW.451 2.lJJ4,OJl b¢7 2.FOJ.4ST
ABBEY CENTRE BNryIST CblLIRCHC) N¢)te$ 10 Iho Finants siaiements fcth&Y¥ Efytsj 31 D¢thr 20rJ 310 JILI 6JF ifi )IP•r Z•17 Nat•l ?1 othDTlnEomb Jir*r knJ111rt 49.514 7•YJ5 103
ABBEYCEPITRE BAPTISTCNIRCHCIO Noles to the Finawal stalen15 Y&8r Érthd 31 DMb 2023 JI lo110 1a T Panl 1ML&11ftand Not•12 K•ySl4N Co•t• T4111
1ty31• l) T• 4.SlQl Ji 4.JlOS 17 135 In.9 Inw1 2thVA 21WJ7 Tr4thnrNts 12 réo1• 17 P*
ABBEY ¢ENTRE BAPTIST CHURCH CIO JI D¢¢¢rtw2W3 Note 19 Dikicwncy p Inrs1 Cost R1111111q chwffje tobBkn Eheql W*lrer<yw•Jkn sorAI 2Q2• Dr4cwnt RbiB 70% 4.1 JI OK 2022
ABBEY CENTRE BAPTIST CHURCH CIO Notes to the Financial Statements for the Year Ended 31 December 2023 Plote ZO Movement In Funda A ai 1.123 Al •t Jl.12.23 in Unr¥strtclÈd Funds Gonoral Fund Mini8loriHI Fund PrvpL'riY Iyr6viwsly TOTAL UIIRESTRICTED FUNDS 2.IfA).142 197.977 349.791 2.707.91D 1179.2381 1.980.904 206.900 346,227 1534.031 13.5?01 1718791 BMS Woild Missi( BUGB Home %an OIIK&r QonlL lions- Generas Fund 378 357 149 TOTAL RESTRICTED FUNDS 547 806 TOTAL FUWPS 173,920 2,534.537 Nel m(svemenl of lunds Inckthd In theabthy a5 fokn5 Trnn•f•rn InlLo• ovem?l In Unr¢strl¢t•d Fund Gomial furKJ Minislgnal Furwj ProDthv FurKJ TOTAL UNRESTRICYED FUNDS 104.631 283. 57.433 570 lJ44.872) 179.238 8,929 170,995 1173.B791 R•itrfcled Fund BMS Wart(l MIs8K)n BUGO Hum(.. M15SKin Olhcr DonAliuns- GenorJl Fijtyj TOT RESTRICTED FUt4D8 5.0?T 1.570 7.097 17.gJ81 TOTAL FUNDS 178.8¥) 1352.8101 1173.9201 Nol• 21 Funds BMS Workl 35J- Re51rKtFd This lund Is Inr coLling.wd Ihen donalirJ nvkny the B¥rfi F1•S036 BUG8 Honie k11sOn- R851tlad Th15 ful is for colkcliry aFvJ d¢nabr4 mrrny Bt in its 1 Property Fund- D#waled
I Statutorylnfovmalion 2 NoUntIn0 Policies Thgse linancial statemBnbare LYppedon a w¥JBr IKtL¥KxIIx>51 xenhOTr. .5¢ Iiiwtial staiements h4ve t¢n wlh I1"statet of Recomnwded PradKe'. P£counlin9 and Reporting by Chanis prepanty r¥t8 in Ihtr FMwK¥al Rwxbrvj s1thJard ath'ca9 in Ihg UK Trd Republic vl Ird IFRS 1021 Charts SORfl. StaThJard apptrae Ihe Unsled KirWm a1 Ropublic of I-FRS 10ri wilh thB chtIeS Acl 2011. ty Thets the defirulK)n of a benefil enlilya5 sel rAJI FRR in? The Charibes (Accoun15 and Rep8) Rewths 2rth ltr thorils to Ihtyr a¢ixwnis in acLordancL% wlll'Accr1IW by Ch1. Slaietr PradKo olfcclivo from 1 April 2005. txji this r.ounliw siandard has slnce b@et) wlhdrèè•) has bè8n by th8 ChHDlig$ SORP fflen1I(d in Ihg PFecthng paragraph. The chdflty piyed It si4om¢Dts in ¥¢coT(lrt¢ 1h IhonDwChanlios SORP.. this doparfuro Irom the 2WJ8 Regulauons IS io 8t¥J lait oln Thp IrvstQQs have assess lh8 usè of the ¢ern basts 15 awxowiale he consthred Ws518 ovenls or r.nndilinns I11 might FAwffji&ini ¢ju on the.itslilyol Ihe charity lo con11A a5 a crrfKem. The truslees ho¥e Ihls aSSV5StllBnl lor a peri1 ol al lea51 ong year Irom th8 daleol woval linancl siaiemenls. In Wlcular Ihg IwsleBs have COnSKlorod charill5 leGB515 ar41 w¢yclKMiS a1 SSiNe S1 pwiied Inconio s11 l or e4X¥IllrE VAry umxpecledly. The Iru51ees have conclwd that Ihere ts a rèasonk Ih&i the chanty has adequalo resowces io continuo to owato for tho lor0500ab lulure. ThB chty iherolDre io * ihe wrJ b5 In propariw Il¥ rinarial $Lthm0nL. conc¢m bl ios2 IncomLi KKluding invoslmDnl inc¢Mno rOc(W in Ihc ch8rily ontiw to fwpl. iho rectivabl$ Can bo moa$uied rea5w ¢artainty. r0b7th. rr1 parf. Iome Is gerwalty fecognised W17 Il Is 1ucvL.d. InirKno onty tkAerrod the chIlY ha5 to belNe berAwnwvJ enl11 11 (x doiN)r hos spgcifd Ihat Its lo be 418d a lulU penrAI. 1w.ome liom 11 RKovorablo clift awj. Td5 * iQ¢LVM8ed the uj recew. G• 1 that hAE nat been recovered by th balance Sheet dRlo Is ITlL¥led BS a ets1. 111 L£getlos. Income Ir(rn leg5 LS th9£sW&¢Y. $leorf. %thgn thar4ty hsy been nolili¢d that a 11 be a¥J Ilw rtXWll ie¢owaiYow Meas r•tAy. IncL¥ne liom charitauo rrfwnls re1¥1 IraTh •¥J fwlhernnce of the chBnty's harilatAe oty'ecis. li in¢lud88 Ir8 from ohlBr•verts •xI Invesiment InL¥Jrne reptssonis bttne wtY8ted by thBWs asXqt8 Exwnuilwo, including Im)co¥ttable VAT. is rLwIs r& IntxMr¢O or. rfearkn. a legal or C(strU1C OlY31K)n f(K B paywèni WO¥Kl8d W 1115 wobaLIB IhJi 8elUwnwttwiM bs aNI the arrrtwnl of thg ton bb measured chr1rity gran15 to o1herinsliiulKts to ILv1Fv ts (thAThta c4ylNes. GrS paya0 ¥rtr rnIsEd 88 CQn6tFiJ¢live owigations an5e. is qenera lh8 tharityexwes5 3 cfymmitrnenl lo Ihe Ih&i b¢ measured Toliably and Ihcn only lo the extent Ihal cJ11o a5xKwied wilh grant ale ou1 ol thewnlrd Of1 di8nty. c051 DI rasing ru¥ and has bggn dI5d[d. Governance costs. which are irKILWJ ID eweThJirethLe acti¥its ae KIETr11 svp¥t¢ty in the notes io the ccoullls. Indude5 10515 asswkJod Iho examma1 ol lina[ 51alofflents. xHance ¥th con5ts1ulK)nal and slaluiory reamn anv alhÈr the 51r(uc of ihÈ chantv.
dl Fund accounti Genefal funds are unreslncted frmds aYo1 (rf theirntskBS fftfU[tyVoI the gFDpr otyeciives ollhe charity. Deswnaled funds ccthpiise untÈSlitted lthls habe t Xel aSe by the ItU5teE3 ftjr partirwlrir purwses. Resincled funds are donth(wts are to ed in 4)cCUd¥lh SpfiC fvstliaWS ImrM)sed by donors. Ihtsy nCIL drlIs recoived from appeals lorswfL Kwis. E[thent funds aiÈ thai ara rèiaird as capiiai In the The •abJit of th8 dh9thB[thB £I¥Tne repre5enl permaneni endcmrfnents orexpeThYabk Ilen15 purchased ordonated fcK the¢WYs co51d¢}Bcd itoffls. LY Ihe fairvaluD of donalod items. is rrore than £1.{ Ihè item B ¢¥id lobenfyhl th8 mtre OepreLialI( 15 ¢hdrg¢xl a slidi1 line bthsi9 to the Val01 ¥h4$sl (rfanyl 0[ Ils oxpectqd selul economic Iile. To acl¥evB Ilbs otr¥BCti¥e the fdhX7 ofl1aw8ckq1 Fieehdd prorrty Fixlisro¥ Iillirwjs Comwlers IT Ewmmrnnl gj years sIrIllne ¢neIl S Str Tho Garryng vatUQ5 01 laryitAo lixed 35sets aro tav nP •ths or In MstanCes Indiriir le Ihal the Carry¥j may twjt be Deproclain has b&•n plded lh& ai 31 t (Ir88W r0SthrtI)tsJoino. 1ty$iees nSIdr ihal. ?L4U¥V tho lf0ofvJ bu11& is muiniairwd Io SLwth a und ropw. th¢ir reU81 voluo would be $u[Ilently hh lo make any dekK¢¢ialw Ch ¥nrnaI. Land has b88n irtIled kn th88e ai £13.i#xI h•$ bew s¥(. II'.IL'S wh do not Iranslor I rf5ks (j clo)rSh lo ar¢) dasÈrfiod as OPDlJling k)alie9. Operating a5e paymgn15 are rec09rd as éxpera ¢M a swathl-kn8 1)M ovw 85e iwm lunkn55 another 5ysièmai basis Thii ¢Fkiiily (wiJlcs dorit LIllAl pension Schen kn itsemktyBs. ¢wIri1¥ to Itr schgmos awo reco9ni5ed as an the lth"tywi¥es. Th a51ets of athBmeso h8ldgepwely I Itw ol tho tharity In indv.Dondenllv Adminislor¢d funthB. h) faxatlon charily h8¥ laken Jvanl8gfrirf Ihevthjs relo1& Irum aYtle lothDribeJ aThJ ThJ l&M is payabl8 on Ihe rliBnty's 11 FlThanclal Instrumonts Thfi r.haiily's fin£1tlClril a5sths #nd lirtAhites HH A5 $11men13. a5 dEfir1 by FRS102. Exc8rA lor loans. creditois a1 dBblov5 #ro m¢asured at Ihw expacted 5elUtsn¥ont Inormalythe anvjunl ol tash Ihai Ihe chanly expBc15 lo pay or recei¥el. T chwjty r¢¢Tr fL¥ It ot IW Ih&l rorna ¢ts19d 91 the Yearnd 11.0. ih IIAhililip4 pxrliidp ltl nn IhA ID IirtiwP 11 Exe tlon fro a cash flow st• chanty h•$ 18ken knanlage ol an exeIn cMl•red ty Charm SORP syepared a tash Sen1. h) Crltlcal accountln gstlmes And aveas ol" In woparing fiiiaiKial SI11e[Donts coTL1inju(emenls. e5twnatespJ asswnF4Ks lo madethal arre¢l fv amounts iec¢NJnisqd in IinarK4 ststsments. The ttse5 to be sryrMfKanl'. 11 The annual depre¢b ¢harye lty prowty. rAanl atKJ qquffj¥wnt ts seNsrfi¥e lochws In esbmale5 lor useful econoTll life and rowdual v¥luE. These tsbniales are rwa5%&$YPtyaNI. IA>S5¥y. Wtcd io relleci CUTronl arcumslanGo¥. ill Thtr ¢cY)siDJdive ot4wlKJn forgrts payatisba*J assessn likdy of athfly. This eslimalo T.a$s0o r1¥and the IS lo relled cwrenl ex8claI.