Aathfvland B•pUst Churth Statement of Flnandal Acll¥ltylor the Year Ended 30 September 2023 Note Unrestrlcted Funds Restrirted Funds Endowment Funds Totsl 2023 Income from: Donations & Le8acles Investment Income 125.423 725 165.696 183 291.119 Total Income 126.148 165,879 292,027 Expendlture on: Charitable Actlvities Other Expense5 1,723 2,ICKI 7023 2335 835 Total expendlture 69.735 3123 73.558 Net Income l (defldt) Transfers between fvnds Revaluatlon of fixed a$5ets 56,413 133.IxKIl 162.056 33.0 io.( 218069 Net movement In funds Reconcillation of funds= Total funds broy8ht torward 23A13 20556 228069 232.678 225352 458,030 Total funds ¢arrled fonward 256.091 430A08 686A99
Rathfrlland B•ptlst Churth Balante Sheet as at 30th Septembei 2023 Unre5trlcted Funds Restricted Funds En¢%)wment Fund5 Total 2023 Flxed Jssets: Tanglble assets 21xI.rn) 869.805 1,069AOS Total ft¥ed assets zTh).000 869W5 IJ169,805 Current assèts Debtors and prepayments Cash at bank and In hand 25.214 3Z.077 22.205 38.398 47A19 70.475 io Total current assets 57,291 60.603 117A94 Current IlabllltSes Creditor5 due withln one year li 1.2LKI 5012 Total current Ilabllltles 1200 5012th) Net current assets 56,091 1439397 1383J06 Total net a55ets 256ml 430.408 686A99 Funds of the charity Unrestricted funds Restricted funds 12 12 256.091 256.091 430.408 430.408 Total tharlty funds 256,091 686.499 Slgned on behalf of th 5$ By. Treasure . Mrl nnell Church Secretary.. Mr R Stewart Date: 1510812024 Date: 108024
Ilathfrlland Baptht Churh ash How statem¢tIor the Year Ended 30th September 2023 Total Funds 2023 Cash flow from operatlng actlvltle5 Net loutgoin81 I Incomin8 fE5ource5 before Interest recetr1 Depreciation Increase in debtors and prepayments IDecrease} I Increase In creditor5 ond accruals 217A61 2.11)0 147N191 501200 Net cash loutnow) 1 Snfiow from IncomlnE resources 673.442 Return on Investments and servldnt of finance Interest received Capltal expendlture Purchase of tangible Ted assets {L061JJ5) 11.061,90S1 Net Idecreasel I Increase In cash forthe year 1387JSS1 Cash and cash equlvalents at the beginntn8 of the year Cash and cash equlvolents at the end of the year 70,475
Ralhfrlland Bapthl Churth Notes to the Accounts- Ye•r Ended 305eplember2023 ACCOUNTING POUCIES The prfnclpal accountln8 p)Ilcle5 adopted. lud8ements and key sources of eimation urtertalnty In weparatD) of the finanoal statements are a5 follow5- a Ba515 of Pfpparatlon The accounts are prepared in accordance wlth the Chorftle5 Ststement of Recomfflended Practke (Charlties SORP 20221. FR5102 and with the Charltit5 Act 2011. b Income retognltlon All Incomlng resources are Included In the Statement of finanelal Actlvltle5 when the tharlty ts legal entitled to the incorne after any performance conditions have been meL the amtyJnt can be measured reliably and ft is probable that the income will be received. c Donatlons Donations are accounied for gross when recelved. Hxed asset gifts In klnd are recognised wthen receivable and are Included at fair value. d Legades Le8acles are accounted for when probate ha5 been ¢ompleted. the omount of the lew can be rellabty quantified and the conditions of the le8acy are wlthin the control of the Church. e Investment Income Investment Income15 indudEd In the accounts in the year In which It15 receivablL f Expendlture recognldo All expenditure is actounted for on an accrualj basis. Expenditure is recogntsed where there a legal OrcstruCte obSi8ation to make payments to thlrd parties. it 15 probable that settlement vrill be required and the amount of the obli8Otign can be measured reliably. 8 Support costs Support costs are those that assist thework of the thur(h do not thrtttly eSent tharitable activ[e$ and IlUde offi¢e costs and governance tosts. Where the 5UPPOrt costs nn0t be directly attrfbuted to partlcularheathrw have been allLKated to the cost of ralsln8 funds and expenditure on tharitable artivities on a basis consistent wlth the use of resour. Thi5 represents dlrett expenditure on the governance of the ChUh. Mort of the rnanagernent carried out withovt chaf8e ty volunteer5. This intangible cost Is not Sncluded In the Statement of Flnanclal Arti¥itles slnce there15 no measuralAe cost to the volunteers forthelr servl h Flxed assets Tangible fixed assets are capkalised If they can be used for more than year and cost as least El.rixI. Thty are Inttlally fecognised at C05t. or for donated assets. at a reasonable esttmate of thelr value on reteipL The new Church bulldlnB and Church hall have been ¥alued at cost. The exllllng car park and gravqard have a falr le of EIO.(XY) as there Is no reliable Snformotion regarding this. l Depredatlon Durlng the year ended 30th Septernber 2023, depredatlon has been prided on all fued a55ets. other than the Churth buildin8 and thurch Hall, to write off the cost on a suai8ht-line basls over thelr experted useful life. at the followirt8 rate: EquSpment Flxtures and fittln8s No depreclation wlll be provlded on the thL¥th bulldln8 and Churth Hall as Its remalnln8 usefd ITFe Current eKceed5 50 years. The falr value of oll t4w4lble fixed Jssets tlll be re¥d by the Trusiee5 annualty.
Rathfrnand Bapt5st Churth Notes to the A¢¢ounts- Year Ended 30 September 2023 Itoftvdl Funds Unrestrlrted fund5 are available for use at the discretlon of the tfuttees In furtheran of the geneAI otr4ectfves of the charity and whith have not been desi8nated for other purposes. Restrlcted funds are funds whlch are to be used In accordance with specSfk restrktlons Imposed by donors or whlch have been raised by the charity for specific purposes. The cost of raislng and admlni5terln8 suth funds Hre charged against the sp0C fund. The alm and use of eoth re5trlcted fund 15 Set out Sn the notes to the finandal ststements. k Employee benefits The charity operates a deflned contrlbutlon plan fw its employees. A defined contrlbutlon aTr Is a penslon plan under which the charity pays flxed contribLrtions Into a separate entity- Once the contributions have been paid the charfry has no further payment obligations. The contributlons are reco8nised as an expense when they are due. Amounts not paid are Shown in accruals In the balance sheet. These a55ets of the plan are held separatety from the charfty in an Independently zdmini5tered fund. I Preparatlon of accounts on a 8Otng conctm basls The Church generally meets Its day-ttrday working caplral requirernents from its annual Income The Trustees have obtalned and reviewed C35h flow forecasts for the intomln8 year and based on these are sausfied that the thvrth has resources to provide a reasonable expertatlon that It can continue to meet its financlal obligatk)ns as they fall due for the foreseeable future. Therefore. these finandal statements have been prepared on a 805 concern basl 2. DONATIONS & LEGACIES Totsl 2023 Funds Fund5 Funds Donztlons and gifts Gift Ald on donations and glfts Le8acbes and bequests I(,209 25.214 143.491 22.205 243,700 47A19 125.423 165.696 291.119 3. INVEsfMENT INCOME Unrestrfrted Funds Restricted Fund5 Endowment Funds Totsl 2023 Deposh Interest 725 183 725 183 4. CHARITABLE A1VITIEs Unrestricted Funds Restrlcted Funds Endowment Funds Total 2023 Church Envelopes Mlni5try and support staff costs Utllitie5 Genernl ChLrrch actlvlty expen5e5 Donations and gifts 39.287 3.292 19.876 6.257 39.287 3,292 20.389 513 1.210 68.9C 1.723 70.623
Rathfrlland Baptlst Church Notes to the Aryounts- Year Ended 30 Septernber 2013 Icontrd) 5. OTHER EXPENSES Unrestrlcted Funds Restritted Funds Endowrynent Funds Totsl 2023 Gernance costs Depreciatlon 835 835 2.1(Kl 835 Z,935 6. TOTAL EXPENOITURE Unrestrirted Fund5 Restrirted Funds Endowment Funds Total 2023 Charltable Actlvities Other Expenses Fixed A55et Additlons 68.9CX) 835 2(KI.OCK) 1.723 2,1(Kl 861.905 70.623 Z.935 L061.905 269.735 865,728 1.135A63 7. EMPLOYEES Employment Costs Total 2023 Wage5 and 5alarits 39287 39387 Number of employees 2023 The average number of employees during tht year was: There were no employees In receipt of employee beneftts In excess of £60.1kn). The PH5tor acts a5 one of the thurth'5 trustees In accordarte wlth the Tnjst deed and received remuneration, expenses allowance and pension contributions totallin8 £1.193 In respert of his services as Pastor. To fvlfil his rvle Tmthln the thurch. he Ss also provlded with accommodation at the Church Manse whith the Church rent on hls behalf. The only amtyjnts paid to the remalning Trustees were for outry0f-pket e¥pen5e5. The Church pays penslon Contributions for Its Pastor to Standard Llfe. a defined ContrIblun scheme. whlch Is not contracted of the Stale second penslon. The scheme Is a multi-employer scheme and it Is not Possible to identify the assets and Ilabl1leS of the scheme whlch are attrlbutable to the thurch. The A5515tsnt Pastor whols not • Trustee of the Churth recelved remunerntlon of £12.550 and an expenses allowaKe of £1.279. Ufe A55urance of £282 was pald to Unum and Pens5on contributlons of E628 were atso pald ty the ¢on8re8ation in respect of the A5515tant Po5tor to the Standard Ufe.
Rathfrlland Baptlst chUh Notes to the A¢counts- Year Ended 30 Septembei 2023 Iconvd) 8. TANGIBLE FIXED ASSErs Church. Churth Hall. Car Park & Graveyard Flxtur¢s and ffttln8S Manse Equlpment Total Costlvaluatlon As at 1st Ortober 2022 Additions Revaluation 1.047,905 io,(Th) 14.( 1.061,905 io,c As at 30th September 2023 1.057.905 14mO 1.071.90S Depreclatlon A5 at 1st Ortober 2022 Charge ft>r the year 2.ItKI 2.ICKJ As at 30th September 2023 2.1(M) 2.100 Net Book Value As at 30th September 2023 1.057.905 ii, IJJ69.805 As at 30th September 2022 The assets of the Church comprise: - Church buildin8. and Church Hall and their contents alon8 With a 8ra¥eyard and car par Durin8 the year ended 30th September 2023. the depredatlon has been provlded on all fixed a$5ets. other than the Church buildin8 and Church Hall. No depreoation will be provlded on the Churth buildings as Its r*nalnln8 useful Ilfe cwrently exceeds 50 years. The falr ¥alue of all tsrhglble fixed assets will be revièwed ty the Tnstee5 annualfy. 9. DEBTORS AND PREPAYMEPtrs 2013 Debtor5 47.419 10. CASH AT BANKAND IN HAND 21J23 Cash In hand 70.475 11. CREDITORS DUE IVITHIN ONE YEAR 2023 Accruals 501.200
Rathffiland Bapt15t Churth N+Xe5 to the Accounts. Year Ended 30 September 2023 l¢Med) 12. FUND BALANCES Balan In¢ome Costs {Indudkng revaluadonl Transfers 83fance at start (Defidtl at end Unrestrkted Funds Fund 232.678 126.148 69.735 56.413 I33,)) 256,Q31 Totsl Unrestrfrted Funds 232.678 IZ6.148 69.735 56A13 I33J) 256,091 Restrfcted Funds Fund 215.352 165.879 16.1771 172.056 33.(KQ 430.408 Totsl Restrlrted Funds Z25352 165079 16.1771 1710 33JlOO 430.408 Endowment FndS Total Endowment Funds Totsl Funds 458.030 Z92.027 63.558 228.469 686A99 Anal$ of closlng fvnds Totsl Funds Funds nds 2023 Fixed assets Current assets Current Ilabllitses 2rxi.(xKI 57.291 {1.2CQI 869.805 60,603 15CO.COJI LO695 117.894 {5012ixII Total Funds 256.091 686A99 13. REIATeD PARTY TRANSAcnoN5 Pastor lan Wilson Is a trustee of the Churth. In hls capadty as the Pastorof the con8regatlon he rttefved reffluneratknft of £22.8[1 and an expenses allowance of £53. tife A55urance 01 £513 w35 paid to Unum and Penslon contdbutlons of £1.140 were a150 paid by the congregatlon In re5pert of the Pastor to the Standard Llfe. None of the other trustees recelved any remuner3tlon. Mly relmbwsement for out-of-pxket e¥pense5 incurred In Cnection with thelr dutles. There were no other related party transoctlrys. 14. CRMCAL AccouKllNG JUDGEMENTS AND E5nMAnON UNCERTAINTY Estlmates and lud8ements made In the pryKes5 of preparing the financial rtatements £tInUally evaluated and are based on hIstori1 t4Derlertce and other factors. Including expectatlons of future events that Jre believed w be reasonable under the circumstantes. The Trnstèes do not consider that there are any crftital accountlrt8 estirnaie5 or a$5umptlon5 whith ffloy have a In1cant rlsk of (auslng materlal adjustment to tarrying amounts of a55ets and liabllitles within the next finandal year.
Rathfrlland Baptst Churth Notes to the Ac¢4unts- Year Ended 30 September 2023 Icont'dl 15. PENSION The Church pays penslon contributbns for its Pa5trrf to Standard Ufe. a defir¢ed nt[bINjtIts stheme. whlth Is not contrncted out of the State second pension. The Scheme Is a multi-employer scheme and Is not SSIble to Identlfy the assets and liablllties of the scheme whSch are attributable to the Church. Therefore. In accordance with FRS102 Sertlon 28. the scheme Is accounted for as a defined Contribution Scheme. 16. CAPITAL COMMITMENTS At 30th September 2023 the Churth had no Caal commltmen