Charity Registratlon No. 800752
BANBURY EVANGELICAL FREE CHURCH
FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 MARCH 2022
Contents..
Pagel-2
Trnstees. Report
Page 3
Independent Examiner's Report
Page 4
Receipts and Payments Account
Page S
Statement of Assets and Liabilitles
Page I
BANBURY EVANGELICAL FREE CHURCH
TRUSTEES REPORT FOR THE Y&4R ENDED 31 MARCH 2022
The trustees have pleasure in presenting their report and the Financial Statements of the
Church for the year ended 31 March 2022.
Reference and Admlnlstratlve Detalls
The Church is a Re'stered Charity no. 800752. The address is: Banbury Evangelical Free
Church, c/0 Mr D Umpleby, 98 Oxford Road, Bodicote, Banbury, OX15 4AE.
The charity trustees for the purpose of these accounts comprise the Elders & Deacons of the
Church. The Elders & Deacon5 during the year were as follows,.
MrDPNeal
Mr D A Umpleby (Secretary)
Dr M P Wareing
Pastor D C S Cooke
Mr D N Maclver
MrAJohns
Structure, Governance and Management
The Church is constituted as an independent church, and the governing document is a Trust Deed.
The Elders are elected by the Church Meetin& and are responsible for leadership of the churclL
The Elders meet approximately fortnighdy to effert proper control ofall arrangements. They also
meet regularly with the Deacons to co-ordinate prartical matters. Proper accounts have been
kept which disclose at any time the financial position of the Church. Reasonable steps have been
taken to ensure the prevention and detection of fraud and other irregularities and to provide
reasonable assurance that:
l. The Church is operating efficient]y and effectively,.
2. Assets are safeguarded against unauthorlsed use or disposition,"
3. Proper records are maintained and financial infornlation used with the Church or for
publication is reliable;
4. The Church compEies wlth relevant laws and regulations:
5. The systems of control are designed to provlde reasonable, but not absolute. assurance
agalnst material misstatement or loss. These include:
(a) Monthly consideration by the Trustees of the financial position;
Oi) Delegation of authority and segregation of duties;
(c] Identifiration and nnagement of risks.
Objective5 and Artlvldes
The Church's aims are to spread the gospel of the Lord lesus Christ and to edify the congregation
through the preaching and teaching of the Word of God, and the circulation of good Christian
literature.
Page 2
BANBURY EVANGELICAL FREE CHURCH
TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2022 (ConL)
Achievements and Perforniance
Thankfully. the effert of the pandemic continued trj recede during the year. OUT morning services
resumed in person in April 2021 (the evening service5 having resumed previously), and it has
been encouraging to see larger numbers attending these compared with before the pandemic.
Midweek meetings also resumed in person, although it is still possible to access the meeting vla
Zoom. as we acquired the technology to enable hybrid meetings. Our Saturday night prayer
meeting has continued on Zoom, however. enabling a higher number of participants than was the
case when we were meeting in homes.
We continued to operate a monthly book stall on Banbury Market. and monthly open-air
preachin& as well as regular leafleting of homes across the town. In August we were able once
again to have an Outreach Week of concerted evangelis which enabled more people to hear the
gospel. This resulted in some very fruitEul conversations.
The monthly children's club for children from 4 years old and upwards continued throughout the
year, as did the ladies. meeting (which was held on Zoom).
Publlc Benefit
In carrying out its activities in the year under review, the trustees have had regard to the public
benefit guidance issued by the Charity Commission, and are satisfied that the activities
mentioned above have all been for the public benefit.
Finanaal Revlew
Funds were used to pay the Pastor's salary. to pay the rent for the bulldings the Church uses for
meetings, to provide premises for the use of the pastor, to support Missionary organi5ations, to
provide literature and to fund various outreach activities.
There is a significant long-terni reserve for the acquisltion of a church buildlng at some time in
the future. All unrestrirted funds above £40,000 are desiated to the Building Fund (this is in
addition to restricted nd monies given specifically for this purpose). Church fvnds are invested
at low risk and yield a modest return.
shown In the Recelpts and Payments account on page 4, there were net receipts of
approximately £25.600 spread across the funds (2021: £23,900). Part of this surplus is on
account of restricted fund monie5 not yet utilised, Overall, the state of affairs of the Church Is
considered to be satisfartory. The Trustees regularly review the reserves of the Church, to
ensure that sufficient liquid funds are available to meet ongoing obligations.
On behalf of the Elders & Deacons
Trustee
Date: 2119122
**Banbury Evangelical Free Church**
**Charity No 800752**
**Receipts and payments accounts For the period** 1st April 2021 31st March 2022 **To from**
**----- Start of picture text -----**
Section A Receipts and payments
Unrestricted Restricted Endowment
Total funds Last year
funds funds funds
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
Voluntary income 56,077 31,328 - 87,405 75,326
Charitable activities - - - - -
Investment interest 2,815 1,277 - 4,092 4,944
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total (Gross income for
58,892 32,605 - 91,497 80,270
AR)
A2 Asset and investment sales,
(see table).
- - - -
- - - - -
Sub total - - - - -
Total receipts 58,892 32,605 - 91,497 80,270
A3 Payments
Cost of generating funds 180 - - 180 145
Charitable activities 53,551 11,369 - 64,920 53,312
Governance costs 170 - - 170 150
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total 53,901 11,369 - 65,270 53,607
A4 Asset and investment
purchases, (see table)
- - -
IT Equipment 611 - - 611 2,751
Sub total 611 - - 611 2,751
Total payments 54,512 11,369 - 65,881 56,358
Net of receipts/(payments) 4,380 21,236 - 25,616 23,912
A5 Transfers between funds - 1,396 1,396 - - -
A6 Cash funds last year end 221,715 62,972 - 284,687 260,725
Cash funds this year end 224,699 85,604 - 310,303 284,637
**----- End of picture text -----**
CCXX R1 accounts (SS)
21/09/2022
1
**----- Start of picture text -----**
Section B Statement of assets and liabilities at the end of the period
Unrestricted Restricted Endowment
Categories Details funds funds funds
to nearest £ to nearest £ to nearest £
B1 Cash funds Shawbrook 77,334 715 -
Virgin money 84,889 -
HSBC Current account
31,712 -
Hampshire Trust Bank 40,000 -
Book stall account
293 - -
Total cash funds 149,339 85,604 -
(agree balances with receipts and payments
account(s)) Agreement Error OK OK
Unrestricted Restricted Endowment
funds funds funds
Details to nearest £ to nearest £ to nearest £
B2 Other monetary assets Benevolent loan 360 - -
Unrestricted Restricted Endowment
funds funds funds
Details to nearest £ to nearest £ to nearest £
B3 Investment assets COIF Charities Property Fund 75,000 - -
Fund to which Current value
Details asset belongs Cost (optional) (optional)
B4 Assets retained for the Equipment Restricted 998 -
charity’s own use IT Equipment Unrestricted 2,796 -
Fund to which Amount due When due
Details liability relates (optional) (optional)
B5 Liabilities - - -
Section C Notes
General funds Designated Total
funds Unrestricted
Details funds
C1 Unrestricted funds Opening balance 40,000 181,715 221,715
Income
53,003 5,888 58,891
Expenditure
(47,311) (7,200) (54,511)
Transfers
(5,692) 4,296 (1,396)
Closing balance 40,000 184,699 224,699
**----- End of picture text -----**
The Designated Funds consist of the Mission Fund and Building Fund:10% of the Church's General Fund income is allocated to the Mission Fund each year, to be used for the support and furtherance of various missionary endeavours.
The Designated Building Fund is held for the purpose of a possible building acquisition.
|**C2 Restricted funds**|**Details**
Opening balance
Income
Expenditure
Transfers
Closing balance|**Benelovent**
**Fund**
**4,650**
**75**
**(50)**
**-**
**4,675**|**Collection for**
**Sri Lanka**
**2,700**
**2,320**
**- 5,470**
**450**
**-**|**Restricted**
**Building Fund**
**55,622**
**25,307**
**-**
**-**
**80,929**|
|---|---|---|---|---|
## **Section C Notes (continued)**
CCXX R2 accounts (SS)
21/09/2022
2
|**C2 Restricted funds**|**Details**
Opening balance
Income
Expenditure
Transfers
Closing balance|**Collection for**
**the Saywells**
**-**
**1,545**
**(1,864)**
**319**
**-**|**Collection for**
**Ukraine**
**-**
**3,358**
**(3,985)**
**627**
**-**|**Total**
**Restricted**
**funds**
**62,972**
**32,605**
**(11,369)**
**1,396**
**85,604**|
|---|---|---|---|---|
The Restricted Funds consists of the Benevolent Fund, Special collections for Sri Lanka, the Saywells Ukraine and the Building Fund.
Signed on behalf of all the trustees
|Signature|Print Name
D C S Cooke|Date of
approval
22/09/2022|
|---|---|---|
CCXX R3 accounts (SS)
21/09/2022
3
Page 3
INDEPENDENT EXAMINERS REPORT
TO THE TRuEEs OF BANBURY EVANGELICAL FREE CHURCH
I report on the accounts of the Church for the year ended 31 Marth 2022, whlch are set out on pages 4
and 5.
Respeclive responslblllttes of trustees and Independent examlner
The church's trustees are responsible for the preparation of the accounts. The trustees consider that
an audit is not required for this year (under section 44(2) of the Charities Art 2011 (the 2011 Act))
and that an independent examination is needed.
It is my responsibility to:
Examine the accounts under sertion 145 of the 2011 Act:
To follow the procedures laid down in the General Directions given by the Charity Commissioners
under section 145 (5) Ib) of the 2011 Act,. and
To state whether particular matters have come to my attentio
Basts of Independent examIneS report
My examination was carried out in accordance wlth the General Dirertions given by the Charity
Commissioners. An examination includes a review of the accounting records kept by the charity and a
comparison of the accounts presented with those records. It also includes consideration of any
unusual items or disclosures in the accounts, and seeking explanations from you as trustees
concerning any such matters. The procedures undertaken do not provide all the evidence that would
be requlred in an audiL and consequently no opinion is given as to whether the accounts present a
'true and fair, view and the report is limited to those rnatters set out in the statement below.
Independent examlner's statement
I have completed my examination. I confirni that no material matters have come to my attentioD in
connection with the examination which give me cause to believe thaL in any material respect
the accounting records were not kept in accordance with section 130 of the Charities Art: or
the accounts did not accord with the accounting records,. or
the accounts did not comply with the applicable requirements concerning the fom and content of
accounts set out ID the Charlties (Accounts and Reports) Regulations 2008 other than any
requirement that the ac¢ounts glve a'true and fair. view which 15 not a matter considered as part of
an independent examinatio
I have no concerns and have come across no other matters in eonnectlon with the examination to
which attention should be drawn in this report In order to enable a proper understanding of the
accounts to be reached.
Carol Jesudason ACA
39 Addison Road
Banbury
OX169DG
Date:
2021