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REGISTERED COMPANY NUMBER: 07893445 (England and Wales)
REGISTERED CHARITY NUMBER: 1145653














Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 December 2023

for

Buckskin Evangelical Church

Buckskin Evangelical Church






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Report of the Trustees 1 to 7

Independent Examiner's Report 8

Statement of Financial Activities 9

Balance Sheet 10 to 11

Notes to the Financial Statements 12 to 18

Buckskin Evangelical Church (Registered number: 07893445)

Report of the Trustees
for the Year Ended 31 December 2023


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity's objects for the public benefit are to advance the Christian faith in accordance with the statement of beliefs in Basingstoke and in such other parts of the United Kingdom or the world as the trustees may from time to time think fit and to fulfil such other purposes which are exclusively charitable according to the law of England and Wales and are connected with the charitable work of the charity.

Our Mission Statement
We are committed to be God's church in Buckskin to:
Show His love - to those in the community;
Share His Message - with those around us;
Strengthen His People - to serve Him;
Support His Work - in His world;
Serve Jesus in the Community.

Introduction
Buckskin Evangelical Church was incorporated as a company limited by guarantee on 21st December 2011, was registered as a charity on 27th January 2012 and became operational on 20th April 2012 when the assets of the previous charitable trust and building trust were transferred to it. This report covers church activities for the year to 31st December 2023.

FINANCIAL REVIEW
Financial Review
The following table shows a comparison of unrestricted income and expenditure, 2023 vs 2022:

2023 2022
£    £   
Unrestricted income 167,957 174,723
Unrestricted expenditure 166,510 174,959
Net unrestricted income (before transfers) 1,447 (236 )

Restricted income 36,035 45,874
Restricted expenditure 21,203 32,866
Net restricted income (before transfers) 14,832 13,008

In summary, the trustees are confident that the Church's financial position remains sound. Generous and sacrificial giving from members and other supporters will allow a wide and growing programme of activities to take place. The trustees will take careful note of the financial position when agreeing budgets and setting spending plans for 2024 and beyond, to ensure that the Church's financial position remains sound. This will involve holding an appropriate level of reserves against maintaining an active programme of Church activities.

Grants Policy
The church seeks to give away a minimum of 11% of its unrestricted income to assist missionary activity both in the UK and overseas.


Buckskin Evangelical Church (Registered number: 07893445)

Report of the Trustees
for the Year Ended 31 December 2023


FINANCIAL REVIEW
Reserves policy
The church's policy is to maintain a prudent level of free reserves (defined as unrestricted funds, less tangible fixed assets net of long-term loans secured on the fixed assets). The free reserves on 31 December 2023 amount to £20,774 (2022: £20,754). For the purposes of short term and medium-term financial management, the trustees are concerned more with the management of working capital. We endeavor to maintain reserves that cover up to 3 months salaries, costs and church running expenses. This is held in the CAF Gold deposit account which had a balance of £23,686 on 31st December 2023 (2022: £30,858). The giving and activities of the church are dependent on the donations given by members of the church. For this reason, no additional reserves are maintained by the church.

Risk statement
The trustees have examined the major strategic, business and operational risks which the church faces and confirm that systems have been established to monitor those risks so that the necessary steps can be taken to lessen them.

Trustee's Responsibility
Under the Charities Act 1993, the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the affairs of the church.
They are required to:
1. Select suitable accounting policies and apply them consistently.
2. Make judgments and estimates that are reasonable and prudent.
3. State whether the applicable accounting standards have been followed.
4. Prepare the financial statements on an ongoing basis.

They are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the church and to ensure that such accounts and records comply with the Charities Act 1993.

They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or any other irregularities and to provide reasonable assurances that:
1. The church is operating efficiently and effectively.
2. Its assets are safeguarded against unauthorised use or disposition.
3. Financial information used within the church or for publication is reliable.
4. The church complies with relevant laws and regulations.

The Trustees of the church meet regularly to review and manage the activities of the church. In this they are supported by the Elders and the Leadership Team of the church.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The organisation is a charitable company limited by guarantee, incorporated on 21st December 2011, and registered as a charity on 27th January 2012. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £10.

Annual General Meeting
The Annual General Meeting was held on 23rd January 2024 when two trustees, Michael Boys and Darren Skipp resigned as required by the Governing Document [article 29]. Amelia Nirmal was appointed as a new trustee. Michael Boys and Darren Skipp were re-appointed as trustees.


Buckskin Evangelical Church (Registered number: 07893445)

Report of the Trustees
for the Year Ended 31 December 2023


STRUCTURE, GOVERNANCE AND MANAGEMENT
Management
The spiritual life of the church is run by a team of four Elders, three of whom are Trustees.
One of the Elders/Trustees, Will Ross, is the Senior Pastor and a paid employee of the church.
The day-to-day management of the church is run by a management team comprising of Trustees, Elders, and various activity team leaders.
The administration of the church is managed by the activity leaders using ChurchSuite software. This is overseen by the Church Administrator.


Buckskin Evangelical Church (Registered number: 07893445)

Report of the Trustees
for the Year Ended 31 December 2023


STRUCTURE, GOVERNANCE AND MANAGEMENT
Objective and activities
The Trustees and Elders are committed to enabling as many people as possible to worship at the church and to become part of the fellowship.

When planning our activities for the year we have considered the Charity Commission's guidance on public benefit, in particular the guidance on charities for the advancement of religion. We endeavour to enable everyone to live out their faith as part of our fellowship through our mission statement.

To facilitate this work, it is important that we maintain the fabric of the church building.


Sunday Services

The church offers a choice of two services on Sunday mornings. The first is a Communion Service that starts at 9.00 am. There is the main Worship Service which commences at 10.30 am and runs for 90 minutes At this service we also provide a crèche and separate children's and youth classes. On occasional Sunday evenings we meet for worship, prayer, and Bible teaching. On a typical Sunday we see around 120 - 140 people attending the church.

Activities and Community Outreach

It was the intention of those who started the church over 50 years ago to serve and support the local community. Today, the church seeks to do this by offering a variety of activities for its members and for those in the wider community.

- Stepping Stones - for parents and toddlers
- AWANA - for children to age 11
- Coffee Morning - for the retired
- Seminars and courses - covering topics such as Gifts Discovery, Discipleship
- Alpha Courses - aimed at those wishing to discover more about Christianity
- Home Groups - we have 7 small community groups for friendship, support and teaching
- Geared - Men's Ministry
- Threads - Woman's Ministry
- Stitch & Craft Evenings
- Lunch Plus - for lonely and vulnerable people
- Youth Bible Study - meeting on a Monday aimed at 14 - 16 year olds
- TLG - a mentoring programme in the local primary school
- Refresh Cafe - operating once a week to support those struggling with their mental health
- Buckin Pantry - operating once a week to donate fresh food to the local community

In addition to the ongoing weekly activities we also provide:

Church Office - the church is open five mornings a week from 9.00 am to 12.00 am. The aim is to have a place where people can come and find help if needed.

Support nationally/locally - The church is committed to continuing its support for Christian organisations and workers in the UK. We have supported organisations where church members are actively involved in outreach and support across the town, such as Money Lifeline, Besom, Foodbank, and The Starfish Enterprise Trust (which supports small community based Christian projects in the town).

From July 2021 the church has partnered with Foodbank and setup a centre where clients could come and collect their food locally. The centre operates one morning a week and is staffed mostly by church members.

Support Internationally - The church is also actively involved with supporting Christian organisations and Christian workers internationally. Church members are actively involved in supporting projects in India, Bangladesh, Nepal, and Ghana. During 2023 we have also given support to a project in Kenya, Stand By Me.


Buckskin Evangelical Church (Registered number: 07893445)

Report of the Trustees
for the Year Ended 31 December 2023


STRUCTURE, GOVERNANCE AND MANAGEMENT
Working with other churches - The church is actively involved with OneChurch Basingstoke, the ecumenical body for the town. The church hosts a bi-weekly lunch time meeting for ministers and has also welcomed other churches and leaders for several larger 1CB events.

Family Events - Live Nativity and Easter Funday took place in 2023, with both events attracting over 300 people. The church also partnered with Chiltern Primary School to put on a Carol Service which over 200 people attended; due to inclement weather this was transferred to an indoor event.

Community Development
The church has always sought to support the local community. We have done this in several ways:

Supporting the local school - we have very close links to Chiltern Primary School. Every other week the pastor, Will Ross, leads an assembly in the school. The school also visits the church on various occasions, e.g. Christmas, Easter, Harvest and other occasions to assist with curriculum studies. Through the TLG Early Intervention scheme the church has provided 5 coaches to support vulnerable pupils in the local primary school. The church has also worked with the school by providing over 60 hampers at Christmas to needy families identified by the school. The church also runs a Cook & Eat course for one afternoon after school over 6 weeks, where a parent and child learn how to cook a nutritious family meal.

Volunteers -the church has over 120 active volunteers, and it has been estimated that the church contributes between 8000 and 9000 voluntary hours a year. An estimation of the annual 'volunteer value' of the church to the community is between £60,000 and £70,000. This is purely the value to the community of our volunteers and does not include any staff costs, seminar costs, pastoral care of local people or any major events that we put on (e.g. Fun Day). This does not consider those who volunteer for groups outside of the church like Money Lifeline (1 volunteer), Basingstoke Foodbank (9 volunteers), Besom (1 volunteer), Healing on the Streets (1 volunteer), Starfish Enterprise (2 volunteers) and Cedar Tree Counselling (2 volunteers)

Church Building Usage
The church building is now the largest and most versatile community building in Buckskin. We have a main hall that will seat over 180 people, plus other small rooms including a high-tech youth room. The new annexe has four meeting rooms equipped with television screens and wi-fi. The church building has been used by several outside organisations for the benefit of the community. Most days it is used by some kind of group. This year we have seen a number of improvements in the building and its facilities. These have included:

- Refurbishment of the church youth lounge
- New technology in the youth lounge
- Installation of new catering equipment in the main kitchen

Employees
The church employed the following staff:
- full time Senior Pastor
- part-time Church Administrator
- part time Youth Worker
- part-time TLG administrator and Children's Ministry Leader
- part-time cleaner
- part-time minute taker


Buckskin Evangelical Church (Registered number: 07893445)

Report of the Trustees
for the Year Ended 31 December 2023


STRUCTURE, GOVERNANCE AND MANAGEMENT
A Church in Buckskin for Buckskin
One of the church's major principles is to give and to be generous. Hence the everyday running costs and activities of the church are funded entirely by the congregation. A principle that we have adopted is to give regularly and generously to organisations outside of the church. In addition to the income that goes overseas to mission groups and relief aid, we financially support organisations in the UK.

We believe the church has a major part to play in transforming Buckskin. Our church has the people, resources, and the desire to bring about positive change into the lives of local people. We are all aware of the challenges that lay ahead for our communities as local government budgets and services face cuts. The government are looking to the voluntary sector to help fill some of the gaps that will be left. As a church, we are already serving and supporting the local community of Buckskin and are seeking to develop our role further so that we can share and express the love of God in practical ways.

On Sundays, we run a creche, and classes for children up to the age of 11. For children over age 11 we have a youth group. The church has a dedicated creche room, individual rooms in which to teach the different age groups that we cater for. The annexe also has infant toilets plus a disabled toilet with baby changing facilities.

Once a week the church operates as a Foodbank Hub and runs the Refresh Café for lonely and vulnerable people. On a Thursday morning the church operates a Food Pantry giving away excess food from local supermarkets delivered to us by Community Food Link. Each week we see around 30 people visit the Pantry.

Hardship and Community Funds
During the Covid pandemic a Hardship Fund was established to give grants to those who were struggling financially because of the pandemic. The Trustees and Elders concluded that the Fund had run its course and closed the Fund, transferring the balance of £4,564 to a new fund with a wider remit, The Community Fund. The transfer was made in accordance with the Hardship Fund Terms of Reference.

In July 2023 a fundraising day raised £13,500 for the Community Fund; further donations of £4,300 were received during the year. The balance of the Community Fund now stands at £24,300, which includes Gift Aid received and the funds transferred from the Hardship Fund.

Future Plans
The church plans to employ a part-time Community Worker who will support local families who are linked to the church through the variety of activities the church runs. It is envisaged that the role will be for 10 to 12 hours a week with an initial contract for 2 years being offered. The cost of employing the Community Worker will be borne by the Community Fund.

The church's vision for 2024 is to be a 'Community of the Cross'. The emphasis being to follow in the footsteps of Christ by showing His love and speaking out His message. The cross was a place of sacrifice and the call to the church will be to give themselves to God and sharing what they have with others.

The year will be separated into three themes:
- Spring Term - The Cross a place of Love
- Summer Term - The Cross a place of Transformation
- Autumn - The Cross a place of Hope

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07893445 (England and Wales)

Registered Charity number
1145653


Buckskin Evangelical Church (Registered number: 07893445)

Report of the Trustees
for the Year Ended 31 December 2023

Registered office
Chiltern Way
Basingstoke
Hampshire
RG22 5BB

Trustees
Ashley Boardman Chairman (from 13/06/23)
Michael Boys
Andrew Dossett Treasurer
Amelia Nirmnal (from 23/01/24)
William Ross
Darren Skipp Chairman (to 13/06/23)
Richard Spiers
Ian Thompson (to 07/04/23)
Margaret Thompson

Independent Examiner
Brewers Chartered Accountants
Bourne House
Queen Street
Gomshall
Surrey
GU5 9LY

Website
www.buckskin.church

Approved by order of the board of trustees on 27 June 2024 and signed on its behalf by:





A Dossett - Trustee

Independent Examiner's Report to the Trustees of
Buckskin Evangelical Church

Independent examiner's report to the trustees of Buckskin Evangelical Church ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection 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.








A M Skilton

Brewers Chartered Accountants
Bourne House
Queen Street
Gomshall
Surrey
GU5 9LY

29 July 2024

Buckskin Evangelical Church

Statement of Financial Activities
for the Year Ended 31 December 2023

31.12.23 31.12.22
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 165,812 33,757 199,569 208,638

Other trading activities 2 1,298 - 1,298 215
Investment income 3 847 268 1,115 199
Other income - 2,010 2,010 11,545
Total 167,957 36,035 203,992 220,597

EXPENDITURE ON
Raising funds 367 366 733 333

Charitable activities
charitable 143,883 18,968 162,851 190,141

Other 22,260 1,869 24,129 17,351
Total 166,510 21,203 187,713 207,825

NET INCOME 1,447 14,832 16,279 12,772


RECONCILIATION OF FUNDS
Total funds brought forward 808,695 19,908 828,603 815,831

TOTAL FUNDS CARRIED FORWARD 810,142 34,740 844,882 828,603

Buckskin Evangelical Church (Registered number: 07893445)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 8 903,047 - 903,047 913,023

CURRENT ASSETS
Debtors 9 6,762 - 6,762 8,004
Cash at bank 34,971 34,740 69,711 56,107
41,733 34,740 76,473 64,111

CREDITORS
Amounts falling due within one year 10 (20,960 ) - (20,960 ) (23,448 )

NET CURRENT ASSETS 20,773 34,740 55,513 40,663

TOTAL ASSETS LESS CURRENT LIABILITIES 923,820 34,740 958,560 953,686

CREDITORS
Amounts falling due after more than one year 11 (113,678 ) - (113,678 ) (125,083 )

NET ASSETS 810,142 34,740 844,882 828,603
FUNDS 13
Unrestricted funds 810,142 808,695
Restricted funds 34,740 19,908
TOTAL FUNDS 844,882 828,603

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


Buckskin Evangelical Church (Registered number: 07893445)

Balance Sheet - continued
31 December 2023

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 27 June 2024 and were signed on its behalf by:





A Dossett - Trustee

Buckskin Evangelical Church

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.



Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. OTHER TRADING ACTIVITIES
31.12.23 31.12.22
£    £   
Church activities 1,298 215


Buckskin Evangelical Church

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. INVESTMENT INCOME
31.12.23 31.12.22
£    £   
Deposit account interest 1,115 199

4. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.12.23 31.12.22
£    £   
Depreciation - owned assets 9,976 9,974

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.


6. STAFF COSTS

Staff costs

2023 2022
£    £   
Wages and salaries 85,651 93,065
Social Security costs 1,983 2,831
Other pension costs 3,408 3,557
91,042 99,453

Due to the size of the organisation, all staff are considered to be key management staff.

The average monthly number of employees during the year was as follows:

31.12.23 31.12.22
Full Time Pastor 1 1
Full Time Associate Pastor - 1
Part Time Staff 3 4
4 6

No employees received emoluments in excess of £60,000.

In June 2023 the associate pastor left the Church, and is not due to be replaced. In October the Church employed a Youth worker, a new role for the Church.

Buckskin Evangelical Church

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 164,069 44,569 208,638

Other trading activities 215 - 215
Investment income 179 20 199
Other income 10,260 1,285 11,545
Total 174,723 45,874 220,597

EXPENDITURE ON
Raising funds 330 3 333

Charitable activities
charitable 157,278 32,863 190,141

Other 17,351 - 17,351
Total 174,959 32,866 207,825

NET INCOME/(EXPENDITURE) (236 ) 13,008 12,772
Transfers between funds 6,375 (6,375 ) -
Net movement in funds 6,139 6,633 12,772

RECONCILIATION OF FUNDS
Total funds brought forward 802,556 13,275 815,831

TOTAL FUNDS CARRIED FORWARD 808,695 19,908 828,603

8. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 January 2023 and 31 December 2023 997,595
DEPRECIATION
At 1 January 2023 84,572
Charge for year 9,976
At 31 December 2023 94,548
NET BOOK VALUE
At 31 December 2023 903,047
At 31 December 2022 913,023

Buckskin Evangelical Church

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 1,970 -
Prepayments and accrued income 4,792 8,004
6,762 8,004

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts (see note 12) 11,966 11,958
Trade creditors 502 5,474
Social security and other taxes 1,423 -
Accruals and deferred income 7,069 6,016
20,960 23,448

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans (see note 12) 113,678 125,083

12. LOANS

An analysis of the maturity of loans is given below:

31.12.23 31.12.22
£    £   
Amounts falling due within one year on demand:
Bank loans 11,966 11,958
Amounts falling due between two and five years:
Bank loans - 2-5 years 77,124 72,777
Amounts falling due in more than five years:

Repayable by instalments:
Bank loans more than 5 years by installment 36,554 52,306

The building of the annexe took place in 2016 and was partly funded by a 15-year bank loan of £200,000 from CAF Bank secured on the land and buildings. The loan interest is 2.95% above the Bank of England base rate. The terms of repayment were interest only repayments for the first 12 months and full repayment over the remaining 14 years.


Buckskin Evangelical Church

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

13. MOVEMENT IN FUNDS
Net
movement At
At 1.1.23 in funds 31.12.23
£    £    £   
Unrestricted funds
General fund 808,695 1,447 810,142

Restricted funds
Restricted fund 19,908 14,832 34,740

TOTAL FUNDS 828,603 16,279 844,882

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 167,957 (166,510 ) 1,447

Restricted funds
Restricted fund 36,035 (21,203 ) 14,832

TOTAL FUNDS 203,992 (187,713 ) 16,279


Comparatives for movement in funds

Net Transfers
movement between At
At 1.1.22 in funds funds 31.12.22
£    £    £    £   
Unrestricted funds
General fund 802,556 (236 ) 6,375 808,695

Restricted funds
Restricted fund 13,275 13,008 (6,375 ) 19,908

TOTAL FUNDS 815,831 12,772 - 828,603

Buckskin Evangelical Church

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

13. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 174,723 (174,959 ) (236 )

Restricted funds
Restricted fund 45,874 (32,866 ) 13,008

TOTAL FUNDS 220,597 (207,825 ) 12,772

At 01/01/23 Income Expenditure Transfers At 31/12/23
General fund 805,641 164,031 154,193 (5,337 ) 810,142

Designated funds
Building funds 1,394 160 - (1,554 ) -
TLG fund 1,626 300 6,090 4,163 -
Turkey-Syria Earthquake
appeal

-

2,195

2,700

505

-
Youth Lounge Refurbishment 1,224 3,446 2,222

Total Unrestricted 808,695 167,956 166,509 - 810,142
Restricted funds
Building fund 558 - - - 558
Childrens Worker 6,000 - 4,750 - 1,250
Community Fund - 21,101 1,304 4,564 24,361
Cook and Eat 336 500 713 - 123
Equipment - 8,644 10,406 1,762 -
Gifts 7,719 - - (1,762 ) 5,957
Hardship Fund 5,296 33 764 (4,564 ) -
Holiday Fund - 1,913 1,913 - -
Make Lunch - 3,740 1,248 - 2,492
TEAR Fund Quiz Night - 105 105 - -
Total Restricted 19,908 36,035 21,203 - 34,740
Total Funds 828,603 203,991 187,713 - 844,881


The Building Fund exists to upgrade the fabric and facilities of the building in order that it is more cost effective to run.

TLG funds cover the mentoring programme for the local school.

Buckskin Hardship Fund was established during 2020 to support people locally suffering as a result of the Covid 19 pandemic.The Buckskin Hardship Fund was closed during 2023 as the fund had fulfilled its purpose. In line with the fund's term of reference, the trustees transferred the balance of the fund, £4,564, to a new (restricted) fund, the Buckskin Community Fund.

Buckskin Evangelical Church

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

14. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2023.