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2023-03-31-accounts

-
CHARITYCOMMISSION
FORENGLANDANDWALES
Receiptsandpayments accounts CC16a
Fortheperiod
from		 To
SectionAReceipts andpayments
Unrestricted
funds		 Restricted
funds		 Trustfunds Totalfunds Lastyear
to thenearest
£		 to thenearest £ to thenearest£ to thenearest£ to thenearest £
A1Receipts
General Offerings 8,655 . - 8,655 9,689
Gift Aid 35,303 - - 35,303 40,529
Tax Recovered 11,264 . - 11,264 9,317
Interest 26 - 10,067 10,092 757
Other Income 220 - - 220 458,049
- - - -
,
- - - - -
- - - - -
Sub total (Gross income for
AR)		 55,467 - 10,067 65,533 518,340
A2 Asset and investment sales,
(see table).
- - - -
- - - - -
Sub total - - - -
Total receipts **55,467 1 ** **- 1 ** 10,067 ** **
A3Payments
Ministry and Manse 5,626 - - 5,626 2,930
Tithesand Giving 20,876 - - 20,876 31,543
Fabric, Utilities and Bills 9,354 - - 9,354 8,388
Admin, subs, PA and training 18,892 - - 18,892 13,724
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total 54,748 - 54,748 56,586
A4Assetandinvestment
purchases, (see table)
-
- - -
-
- - -
Sub total - - - -
Total payments 54,7481 - -
Net of receipts/fpayments) 719 - 10,067 10,786 461,754
ASTransfers between funds - 431,621 431,621 - -
A6Cashfundslast yearend 81,767 32,031 550,537 664,334
_Cash funds this _ _year _ end 82,486 463,652 128,982 675,119 461,754
Unrestricted Unrestricted Restricted Trust funds
Categories funds funds
tonearest€ tonearest£ tonearest£
B1Cashfunds BankAccounts 82,486 463,652 128,982
- - -
Total cash funds 82,486 463,652 128,982
_(agree_balances withreceiptsandpayments
account(s))
Unrestricted Restricted Trust funds
funds funds
Details tonearest£ tonearest£ tonearestE
B2Othermonetaryassets TaxRecoverable 4,680
Fundto which Current value
Details assetbelongs (optionalj
B3Investmentassets - -
- -
- -
- -
- -
Details Fundtowhich
asset belongs		 ^_,t,„„„,„
w"Sl'°""ona"		 Current value
(optional)
B4Assetsretainedfor the Mansebuilding Restricted 431,622 -
charity'sown use ChurchBuilding - -
ChurchContents - -
- -
- -
- -
- -
- -
- -
Fundto which Amountdue Whendue
Details liability relates (optional) (optional)
B5Liabilities Accruals Unrestricted 360
-
-
-
-
Signedby one or twotrusteeson
behalfof all thetrustees		 Signature Print Name ae°
approval
Kingsbridge Family Church Kingsbridge Family Church
STATEMENT OF FINANCIAL ACTIVITIES
Year Ended 31 March 2023
Restricted Funds Total Total
General Trust Savings Fellowship Building Funds Funds
Notes Fund Fund Fund Fund Fund 2022/23 2021/22
Income
General Offerings 8,654.72 0.00 0.00 0.00 0.00 8,654.72 9,688.68
Gift Aid 3 35,302.68 0.00 0.00 0.00 0.00 35,302.68 40,528.53
Tax Recovered 11,263.71 0.00 0.00 0.00 0.00 11,263.71 9,317.12
Interest 0.00 10,066.50 25.74 0.00 0.00 10,092.24 756.87
Other Income 4 220.00 0.00 0.00 0.00 0.00 220.00 458,048.95
Total Income 55,441.11 10,066.50 25.74 0.00 0.00 65,533.35 518,340.15
Expenditure
Ministryand Mission 5 5,625.90 0.00 0.00 0.00 0.00 5,625.90 2,930.11
Tithes and Giving 6 20,875.69 0.00 0.00 0.00 0.00 20,875.69 31,543.11
Fabric Utilities and Bills 7 9,354.03 0.00 0.00 0.00 0.00 9,354.03 8,388.44
Admin,subs,PA,training 8 18,892.22 0.00 0.00 0.00 0.00 18,892.22 13,724.14
BuildingRenovations 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Expenditure 54,747.84 0.00 0.00 0.00 0.00 54,747.84 56,585.80
Surplus/Deficit before 693.27 10,066.50 25.74 0.00 0.00 10,785.51 461,754.35
transfers
Transfers
Transfers between Funds 158.50 -431,621.20 -158.50 0.00 431,621.20
Surplus/Deficit after Transfers 851.77 -421,554.70 -132.76 0.00 431,621.20 10,785.51 461,754.35
Fund Balances
At 31 March 2022 81,634.00 550,536.55 132.76 0.00 32,030.57 664,333.88
675,119.39
At 31 March 2023 82,485.77 128,981.85 0.00 0.00 463,651.77 675,119.39

Page 3

Kingsbridge Family Church Kingsbridge Family Church
BALANCE SHEET
31 March 2023
Notes 2022/23 2021/22
Fixed Assets 2
Land and Property £431,621.20 £0.00
Current Assets
Tax Recoverable 9 £4,680.35 £3,656.84
Cash at Bank and in Hand 10 £239,177.84 £660,977.04
Total Assets £675,479.39 £664,633.88
less
Current Liabilities
Creditors 11 £360.00 £300.00
Total Liabilities £360.00 £300.00
Net Assets £675,119.39 £664,333.88
Represented by:
General Fund 12 £82,485.77 £81,634.00
Savings Fund £0.00 £132.76
FellowshipFund £0.00 £0.00
BuildingFund £463,651.77 £32,030.57
Trust Fund £128,981.85 £550,536.55
Total Reserves £675,119.39 £664,333.88
The above statement fairly represents the financialposition of the Church for
theyear ended 31 March 2023
For and on behalf of the Elders
Signed…………………………………………….. Date ……………………………..
Signed……………………………………………. Date……………………………..

Page 4

NOTES TO THE ACCOUNTS Year Ended 31 March 2023

1. Accounting Policies

The accounts have been prepared in accordance with the Charities Commission Statement of Recommended Practice under FRSSE (effective 1 January 2019) as applicable to smaller charities.

1.1 Income and Expenditure

Tax recoverable in respect of offerings under the gift aid scheme is recognised during the year in which the income arises, and is apportioned to the appropriate fund

1.2 Fixed Assets

The custodian trustee of the Church's property is the South West Baptist Association. These assets are not shown in the balance sheet, but see note 2 below for details.

1.3 Fund Accounting

Unrestricted income and expenditure is managed through the General Fund.

In addition the following restricted funds have been established in line with the activities of the Church. These funds cannot be used for general purposes:

(i) Fellowship Fund: support for members of the Church and the local community

who are in need

(ii) Building Fund: establised in May 2012 to support the future accomodation requirements of the church.

2. Fixed Assets

Buildings of the Church
Contents in the Church
Manse		 Insurance Value
£1,771,136
£97,450
£431,622
£2,300,208		 Book Value
£0.00
£0.00
£431,622
£431,622

3. Gift Aid

Offerings received under the gift aid scheme represent 84% (2021: 83%) of total offerings.

Page 5

4. Other Income

General Fund
Special Offerings
Rental Income
Events and Outings
Sundries
Total General Fund		 2022-23
2021-22
£220.00
£1,037.55
£0.00
£0.00
£0.00
£288.76
£0.00
£980.64
£220.00
£2,306.95

5. Ministry and Mission
General Fund
Ministry Support
Catering supplies and equipment
Preaching Expenses
Worship
Special Events
Children and Young People
Prospects Group
Evangelism
Total General Fund
Fellowship Fund
Total Ministry and Mission		 2022-23
2021-22
£450.00
£20.00
£1,520.40
£259.50
£200.00
£100.00
£0.00
£78.50
£1,467.33
£1,577.82
£1,958.68
£238.13
£0.00
£0.00
£29.49
£315.31
£5,625.90
£2,589.26
£0.00
£340.85
£5,625.90
£2,930.11

Page 6

6. Tithes and Giving

General Fund
Tithes - International
Tithes - National
Tithes - Local
Tithes - Special Offerings
Total
ies
General Fund
Main Building
Venn Yard
Manse Maintenance
Manse Bills
Property Manager and Cleaner
Housekeeping and supplies
Utilities
Insurance
Total Fabric
, Media & Training
General Fund
Stationery & Books
Administrator
Photocopier
Office Tel/Broadband & Postage
Subscriptions & Licences
Conferences and Training
Website
PA & CDs
Sundries
Professional Services
Bank Charges
Office Equipment
Total General Fund		 2022-23
2021-22
£8,145.18
£12,360.00
£1,003.34
£900.00
£11,527.17
£11,060.56
£200.00
£7,222.55
£20,875.69
£31,543.11
2022-23
2021-22
£1,071.57
£867.00
£224.50
£135.00
£1,371.52
£0.00
£604.18
£615.31
£0.00
£364.89
£189.04
£34.25
£3,826.29
£4,450.37
£2,066.93
£1,921.62
£9,354.03
£8,388.44
2022-23
2021-22
£81.76
£3.99
£9,129.04
£7,946.44
£0.00
£0.00
£846.87
£731.28
£2,915.92
£1,517.58
£92.00
£0.00
£661.99
£554.00
£108.19
£1,301.17
£70.15
£442.05
£4,304.40
£1,187.63
£179.92
£40.00
£501.98
£0.00
£18,892.22
£13,724.14

7. Fabric bills and utilities

8. Administration, Subs, Media & Training

Page 7

9. Tax Recoverable

The tax recoverable (which relates to the period to 31 March 2023) is £4680.35

Fund Gift Aid Income Tax
General Fund £18,721.40 £4,680.35
Total £4,680.35

10. Cash at Bank and in Hand

Account Bank Statement April Uncashed Net
31-Mar-23 Deposit Cheques Balance
Current a/c £110,195.99 £0.00 £0.00 £110,195.99
Savings a/c £0.00 £0.00 £0.00 £0.00
Fellowship a/c £0.00 £0.00 £0.00 £0.00
Building Fund a/c £0.00 £0.00 £0.00 £0.00
Trust Fund a/c £128,981.85 £128,981.85
Mission A/C £0.00 £0.00 £0.00 £0.00
Cash £0.00 £0.00
Total £239,177.84 £0.00 £0.00 £239,177.84

11.Creditors

General Fund
Admin
James Cording
Total		 Supplier
Item
Amount
£360.00
£300.00

12. Reserves

The General Fund reserve represents approximately 78 weeks of expenditure commitments.

Page 8

Notes 2022/23 2021/22
Fixed Assets 2
LandandProperty £431,621.20 £0.00
Current Assets
TaxRecoverable 9 £4,680.35 £3,656.84
CashatBankand inHand 10 £239,177.84 £660,977.04
Total Assets £675,479.39 £664,633.88
less
Current Liabilities
Creditors 7_1_ £360.00 £300.00
Total Liabilities £360.00 £300.00
Net Assets £675,119.39 £664,333.88
Represented by:
GeneralFund 12 £82,485.77 £81,634.00
SavingsFund £0.00 £132.76
FellowshipFund £0.00 £0.00
Building Fund £463,651.77 £32,030.57
TrustFund £128,981.85 £550,536.55
Total Reserves £675,119.39 £664,333.88

Report to the trustees CharityName
KINGSBRIDGE FAMILY CHURCH
On accounts for the year 31MARCH 2023
Char
tyno1197521
ended (i
Fany)
Set out on pages 3-8
Ireportto thetrusteeson myexaminationof theaccountsof theabove
charity("theTrust")for theyearended31/03/2023.
Responsibilities and As thecharity's trustees,you areresponsibleforthepreparationof the
basis of report accountsinaccordance withtherequirementsof theCharitiesAct2011
("theAct").
//*
Signed: M^i Ut^'lJ Date: ^-S-^7-2-0
Name: MARTIN CORDING
Relevant professional NA
qualification(s) or body
(if any):
Address: JAMES CORDINGAND CO LTD
11 CHURCHST
KINGSBRIDGETQ71BT