IRIS Accounts Production v24.3.0.553 Other Company accounts True false Pounds 1.4.23 31.3.24 31.3.24 FY A J Fernand J Butler D Alton C F Cutler L C M Fernand A W Goodwin L Pain M J Priestley FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true true false true true false true true 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh000717782023-03-31000717782024-03-31000717782023-04-012024-03-31000717782022-03-31000717782022-04-012023-03-31000717782023-03-3100071778ns0:CharitableCompanyLimitedByGuarantee2023-04-012024-03-3100071778ns15:PoundSterling2023-04-012024-03-3100071778ns0:Trustee12023-04-012024-03-3100071778ns0:Trustee22023-04-012024-03-3100071778ns0:Trustee32023-04-012024-03-3100071778ns0:Trustee42023-04-012024-03-3100071778ns0:Trustee52023-04-012024-03-3100071778ns0:Trustee62023-04-012024-03-3100071778ns0:Trustee72023-04-012024-03-3100071778ns0:Trustee82023-04-012024-03-3100071778ns11:FRS1022023-04-012024-03-3100071778ns11:IndependentExaminationCharity2023-04-012024-03-3100071778ns11:SmallCompaniesRegimeForAccounts2023-04-012024-03-3100071778ns11:FullAccounts2023-04-012024-03-3100071778ns11:CharitiesSORP2023-04-012024-03-3100071778ns0:TotalUnrestrictedFunds2023-04-012024-03-3100071778ns0:TotalRestrictedIncomeFunds2023-04-012024-03-3100071778ns0:Activity82023-04-012024-03-3100071778ns0:Activity8ns0:TotalUnrestrictedFunds2023-04-012024-03-3100071778ns0:Activity8ns0:TotalRestrictedIncomeFunds2023-04-012024-03-3100071778ns0:Activity82022-04-012023-03-3100071778ns0:TotalUnrestrictedFunds2023-03-3100071778ns0:TotalRestrictedIncomeFunds2023-03-3100071778ns0:TotalUnrestrictedFunds2024-03-3100071778ns0:TotalRestrictedIncomeFunds2024-03-3100071778ns0:TotalUnrestrictedFundsns10:WithinOneYear2024-03-3100071778ns0:TotalRestrictedIncomeFundsns10:WithinOneYear2024-03-3100071778ns10:WithinOneYear2024-03-3100071778ns10:WithinOneYear2023-03-3100071778ns10:LandBuildingsns10:OwnedOrFreeholdAssets2023-04-012024-03-3100071778ns10:FurnitureFittingsToolsEquipment2023-04-012024-03-310007177822023-04-012024-03-3100071778ns10:OwnedAssets2023-04-012024-03-3100071778ns10:OwnedAssets2022-04-012023-03-3100071778ns0:TotalUnrestrictedFunds2022-04-012023-03-3100071778ns0:TotalRestrictedIncomeFunds2022-04-012023-03-3100071778ns0:Activity8ns0:TotalUnrestrictedFunds2022-04-012023-03-3100071778ns0:Activity8ns0:TotalRestrictedIncomeFunds2022-04-012023-03-3100071778ns10:LandBuildingsns10:OwnedOrFreeholdAssets2023-03-3100071778ns10:FurnitureFittings2023-03-3100071778ns10:FurnitureFittings2023-04-012024-03-3100071778ns10:LandBuildingsns10:OwnedOrFreeholdAssets2024-03-3100071778ns10:FurnitureFittings2024-03-3100071778ns10:LandBuildingsns10:OwnedOrFreeholdAssets2023-03-3100071778ns10:FurnitureFittings2023-03-31
REGISTERED COMPANY NUMBER: 00071778 (England and Wales)
REGISTERED CHARITY NUMBER: 209084











REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

THE INCORPORATED BOURNEMOUTH FREE CHURCH
COUNCIL

THE INCORPORATED BOURNEMOUTH FREE CHURCH
COUNCIL

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Report of the Trustees 1 to 4

Independent Examiner's Report 5

Statement of Financial Activities 6

Balance Sheet 7 to 8

Notes to the Financial Statements 9 to 17

THE INCORPORATED BOURNEMOUTH FREE CHURCH
COUNCIL (REGISTERED NUMBER: 00071778)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024



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 March 2024. 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 company is a charity, and exists to promote spiritual life, and moral and physical improvement in the district, and to provide residential accommodation where persons in need thereof may receive guidance and care.

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charitable company should undertake. The Trustees have had regard to the Charity Commissions guidance on public benefit. The Trustees confirm that the charitable company meets the criteria for public benefit in providing residential accommodation, care and guidance for needy persons. However, the charitable company is small and maximises its human resources by providing funds to further its objectives by facilitating work of many other organisations in need within the Bournemouth/Poole area in line with its Christian ethos. Consideration continues to be given by the council to the identifying of charitable causes meriting support. The charity makes grants on strict adherence to its Memorandum and Articles of Association, these governing documents in turn set tight restrictions on the use of free reserves. The Memorandum and Articles of Association were updated on 15th February 2017.

FINANCIAL REVIEW
Financial position
Charitable grants made during the year totalled £60,200 (2023: £35,677), (note 5).

Overall there was a surplus of £16,775 (2023: £569) which included depreciation of fixed assets of £24,108 (2023 - £52,237)

A further £25,760 was expended on capitalised costs in the year (note 10).

Total reserves now stand at £1,418,987 (2023: £1,402,212) all of which is unrestricted. £874,926 (2023: £879,077) relates to the book value of fixed assets.

Free reserves, those funds not tied up in fixed assets or restricted funds now stand at £544,061 (2023: £523,135).


THE INCORPORATED BOURNEMOUTH FREE CHURCH
COUNCIL (REGISTERED NUMBER: 00071778)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024


FINANCIAL REVIEW
Reserves and investment policies
The expense of maintaining the three properties presently owned is considerable. Some is regular or recurring and some one-off or emergency. During the 2023/24 year, expenses include redecoration and refurbishment of bathrooms. There is a continuing need for substantial sums to be reserved for other repair purposes in the future.

Other than the freehold properties, the assets of the charitable company are regarded as fugitive monies. They are held a) for maintenance purposes, as mentioned above and b) for distribution to charitable projects. An appropriate policy is to retain funds on a short term risk free basis, with sufficient income to counter inflation. To that end, short term deposits and notice accounts are held with Lloyds, United Trust, Hampshire Trust and Shawbrook Banks and the Nationwide Building Society.

On 1 April 2024 rents were increased by 12.0% over those set in April 2022 (using an independent rent valuation commissioned in the year ended 31 March 2012 as a reference point). The next rent review will be implemented with effect from 1 April 2026.

ADVICE AND INFORMATION
Vacancies continued to occur during the year in the residential accommodation available for letting and these vacancies were filled as soon as possible under the circumstances. Care was given to the maintenance and safety of the buildings.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The charitable company is a company limited by guarantee, incorporated on 1 October 1901, and registered as a charity on 4 October 1951.

Charity constitution
The charitable 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. Under those Articles, the members of the Executive are elected at the Annual General Meeting, and are subject to ratification at each annual general meeting.

On the advice of the charitable company's solicitors revised Articles of Association were adopted at an extraordinary meeting called for that purpose on 15th February 2017. These have been submitted to the Charity Commission and Companies House.


THE INCORPORATED BOURNEMOUTH FREE CHURCH
COUNCIL (REGISTERED NUMBER: 00071778)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024


STRUCTURE, GOVERNANCE AND MANAGEMENT
Induction and training of new trustees
The Executive has considered the need for ensuring new members are fully aware of their responsibilities, both personal and collective, in the governance of the affairs of the council. Every new member shall be supplied with a personal copy of the constitution (Memorandum and Articles of Association of the charitable company), together with printed information about the duties of a charitable trustee (e.g. the Charity Commission's booklet "Responsibilities of Charity Trustees").

Furthermore, members of the sub committee shall ensure that, on a one to one basis, every new member shall be advised by the Secretary, or in his or her absence an existing member, of the nature and scope of the affairs of the Council, and of the part the new member will be expected to play in those affairs.

REFERENCE AND ADMINISTRATIVE DETAILS
Members of the Executive

The Executives, who are also the directors for the purpose of company law, Trustees for the purpose of charity law and who served during the year and up to the date of signature of the financial statements were:

J Butler
L Pain
A Goodwin (resigned 22/9/2023)
D Cutler
P Hoyle (resigned 22/9/2023)
D Alton
L C M Fernand
T Fernand (appointed 22/03/2024)
M Priestley

None of the Executives has any beneficial interest in the company. All of the Executives are members of the company and guarantee to contribute £1 in the event of a winding up.

Membership of the Council

Members of the Council are those persons so entitled in accordance with the membership provisions of the charitable company's Articles of Association.

Organisation

The Executive is the charitable company's board of directors and Trustees and the sub-committee is its delegate. The Executive and sub-committee meet several times annually to discuss major issues of the charity.

Tenant contributions

Some tenants contribute to the administration of the residential accommodation and care; their service is recognised by way of a discounted rent.

Approved by order of the board of trustees on 12 July 2024 and signed on its behalf by:


THE INCORPORATED BOURNEMOUTH FREE CHURCH
COUNCIL (REGISTERED NUMBER: 00071778)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024






A J Fernand - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE INCORPORATED BOURNEMOUTH FREE CHURCH
COUNCIL


Independent examiner's report to the trustees of The Incorporated Bournemouth Free Church Council ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.

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.








Andrew A Clark FCA
The Institute of Chartered Accountants in England and Wales

Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE

12 July 2024

THE INCORPORATED BOURNEMOUTH FREE CHURCH
COUNCIL

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024

2024 2023
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 113 - 113 40

Charitable activities 3
Charitable activities 179,037 - 179,037 181,216

Investment income 2 15,904 - 15,904 6,799
Total 195,054 - 195,054 188,055

EXPENDITURE ON
Charitable activities 4
Charitable activities 178,279 - 178,279 187,486

NET INCOME 16,775 - 16,775 569


RECONCILIATION OF FUNDS
Total funds brought forward 1,402,212 - 1,402,212 1,401,643

TOTAL FUNDS CARRIED FORWARD 1,418,987 - 1,418,987 1,402,212

THE INCORPORATED BOURNEMOUTH FREE CHURCH
COUNCIL (REGISTERED NUMBER: 00071778)

BALANCE SHEET
31 MARCH 2024

2024 2023
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 10 874,926 - 874,926 879,077

CURRENT ASSETS
Debtors 11 6,722 - 6,722 4,992
Investments 12 485,823 - 485,823 518,338
Cash at bank 63,978 - 63,978 8,690
556,523 - 556,523 532,020

CREDITORS
Amounts falling due within one year 13 (12,462 ) - (12,462 ) (8,885 )

NET CURRENT ASSETS 544,061 - 544,061 523,135

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,418,987

-

1,418,987

1,402,212

NET ASSETS 1,418,987 - 1,418,987 1,402,212
FUNDS 14
Unrestricted funds 1,418,987 1,402,212
TOTAL FUNDS 1,418,987 1,402,212

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.



THE INCORPORATED BOURNEMOUTH FREE CHURCH
COUNCIL (REGISTERED NUMBER: 00071778)

BALANCE SHEET - continued
31 MARCH 2024

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.

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 12 July 2024 and were signed on its behalf by:





A J Fernand - Trustee

THE INCORPORATED BOURNEMOUTH FREE CHURCH
COUNCIL

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


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.

Financial reporting standard 102 - reduced disclosure exemptions
The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

the requirements of Section 7 Statement of Cash Flows;
the requirement of paragraph 3.17(d);
the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and
11.48(c);
the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;
the requirement of paragraph 33.7.

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.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

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


Freehold property - at varying rates on cost
Fixtures and fittings - 10% on reducing balance

Component Accounting


THE INCORPORATED BOURNEMOUTH FREE CHURCH
COUNCIL

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


1. ACCOUNTING POLICIES - continued

Tangible fixed assets
Freehold housing properties are split between the structure and those major components which require periodic replacement. Replacement or restoration of such major components are capitalised and depreciated over the average estimated useful life of each component. Where components are replaced before the end of their useful economic lives an additional depreciation charge is made to reduce the net book value to nil before the asset and accumulated depreciation is written off.

The carrying value of property represents the last valuation undertaken in 2001 and under transitional provisions provided by previous accounting standards a policy not to make further revaluations was adopted. This valuation has been used as deemed cost on implementation of FRS 102, amended for the replacement of component parts. The Executive has undertaken an impairment review, and have concluded that the assets have not been impaired in the year.

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. INVESTMENT INCOME
2024 2023
£    £   
Investment income 15,904 6,799


THE INCORPORATED BOURNEMOUTH FREE CHURCH
COUNCIL

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. INCOME FROM CHARITABLE ACTIVITIES

Rental income
£    £   
11 St Albans Avenue 135,209 134,605
3 Arcadia Avenue 18,864 18,864
5 Arcadia Avenue 19,373 22,714
General estate - guest room 1,220 -
General estate - garage 870 1,200
General estate - parking 720 720
General estate - laundry 2,781 3,113
------------ -------------
Total 179,037 181,216
------------ --------------


Rent receivable is stated gross of £5,225 (2023 - £5,340) discounts given to tenants who acted as house leaders in the year.

4. CHARITABLE ACTIVITIES COSTS





11 St
Albans
Ave

3
.Arcadia
Ave

5
.Arcad
ia Ave
General
Estate..
Expense
s

Charit
able
Grant


Total
.2024


Total
.2023
Light, heat, rates and water 9,391 1,864 2,500 103 - 13,858 12,260
Insurance 2,677 606 793 788 - 4,864 6,090
Lift maintenance 1,068 - - - - 1,068 1,248
Repairs and maintenance 9,789 1,860 7,808 3,034 - 22,491 38,853
Gardening - - - 24,144 - 24,144 23,594
Estate expenses - - 345 - - 345 575
Flat co-ordinator expenses - - - - - - 148
House leaders rent discounts 4,433 300 492 - - 5,225 5,340
Legal and professional fees - - - 2,875 - 2,875 120
Bad debts - - - 564 - 564 -129
Loss on components written
off

611

-

5,192

-

-

5,803

-
Depreciation 18,952 ,1,690 2,416 1,050 - 24,108 54,086
46,921 6,320 19,546 32,558 - 105,345 142,185
Grant funding - note 5 , - - - 60,200 60,200 35,677
Share of support costs - note
9

,

-

-

4,949

-

4,949

5,350
Share of governance costs -
note 9

,

-

-

7,785

-

7,785

4,274
46,921 6,320 19,546 45,292 60,200 178,279 187,486

THE INCORPORATED BOURNEMOUTH FREE CHURCH
COUNCIL

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. GRANTS PAYABLE
2024 2023
£    £   
Charitable activities 60,200 35,677
The total grants paid to institutions during the year was as follows:
2024 2023
£    £   
Cherry Tree Nursery 4,000 4,000
Fernheath Play 5,000 -
Health Bus - 6,850
Dorset Mind 4,000 -
Prama Life 3,000 3,000
Bournemouth Methodists 200 -
Bournemouth Foodbank 22,000 20,000
Pace 15,000 500
Maddies Miracle 2,000 -
Pathways 5,000 -
60,200 34,350


The total grants paid to individuals during the year was as follows:
2024 2023
£    £   
Tenant hardship - 1,327

6. NET INCOME/(EXPENDITURE)

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

2024 2023
£    £   
Depreciation - owned assets 24,108 52,237
Deficit on disposal of fixed assets 5,803 1,849
Independent Examiners fee 4,440 2,470
Under provision earlier years 2,200 -


THE INCORPORATED BOURNEMOUTH FREE CHURCH
COUNCIL

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. TRUSTEES' REMUNERATION AND BENEFITS

Executive remuneration.

Tony Fernand, Secretary, was paid an honorarium of £3,600 (2023: £3,600) in the year. Other than this the charity has no payroll therefore no staff being paid more than £60,000.

Trustees' expenses

Expenses totalling £1,349 were reimbursed to 3 members of the Executive in the year (2023: £894 to 3 members of the Executive) for postage, stationery, phone, travel, repairs, renewals and computer costs.

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 40 - 40

Charitable activities
Charitable activities 181,216 - 181,216

Investment income 6,799 - 6,799
Total 188,055 - 188,055

EXPENDITURE ON
Charitable activities
Charitable activities 186,159 1,327 187,486

NET INCOME/(EXPENDITURE) 1,896 (1,327 ) 569


RECONCILIATION OF FUNDS
Total funds brought forward 1,400,316 1,327 1,401,643

TOTAL FUNDS CARRIED FORWARD 1,402,212 - 1,402,212


THE INCORPORATED BOURNEMOUTH FREE CHURCH
COUNCIL

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


9. SUPPORT COSTS

Support costs

Support Governance 2024 2023
£    £    £    £   
General secretary honorarium 3,600 - 3,600 3,600
General secretary expenses 1,165 - 1,165 772
President expenses 75 - 75 75
Finance officer expenses 109 - 109 47
Liability insurance - 605 605 356
Sundry - 480 480 500
Legal and professional - - - 1,774
Certificate 60 60 -
Independent examiners fee - 6,640 6,640 2,470
--------- --------- ----------- ----------
Total 4,949 7,785 12,734 9,624
--------- --------- ----------- ----------

All support and governance allocated to charitable activities.

10. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 April 2023 1,330,465 29,530 1,359,995
Additions 23,798 1,962 25,760
Disposals (11,974 ) - (11,974 )
At 31 March 2024 1,342,289 31,492 1,373,781
DEPRECIATION
At 1 April 2023 459,928 20,990 480,918
Charge for year 23,058 1,050 24,108
Eliminated on disposal (6,171 ) - (6,171 )
At 31 March 2024 476,815 22,040 498,855
NET BOOK VALUE
At 31 March 2024 865,474 9,452 874,926
At 31 March 2023 870,537 8,540 879,077

THE INCORPORATED BOURNEMOUTH FREE CHURCH
COUNCIL

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 385 755
Prepayments and accrued income 6,337 4,237
6,722 4,992

12. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Unlisted investments 485,823 518,338

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 6,142 4,838
Accruals and deferred income 6,320 4,047
12,462 8,885

14. MOVEMENT IN FUNDS
Net
movement At
At 1/4/23 in funds 31/3/24
£    £    £   
Unrestricted funds
General fund 1,402,212 16,775 1,418,987

TOTAL FUNDS 1,402,212 16,775 1,418,987

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 195,054 (178,279 ) 16,775

TOTAL FUNDS 195,054 (178,279 ) 16,775


THE INCORPORATED BOURNEMOUTH FREE CHURCH
COUNCIL

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


14. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1/4/22 in funds 31/3/23
£    £    £   
Unrestricted funds
General fund 1,400,316 1,896 1,402,212

Restricted funds
Tenant Hardship fund 1,327 (1,327 ) -

TOTAL FUNDS 1,401,643 569 1,402,212

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 188,055 (186,159 ) 1,896

Restricted funds
Tenant Hardship fund - (1,327 ) (1,327 )

TOTAL FUNDS 188,055 (187,486 ) 569

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1/4/22 in funds 31/3/24
£    £    £   
Unrestricted funds
General fund 1,400,316 18,671 1,418,987

Restricted funds
Tenant Hardship fund 1,327 (1,327 ) -

TOTAL FUNDS 1,401,643 17,344 1,418,987

THE INCORPORATED BOURNEMOUTH FREE CHURCH
COUNCIL

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


14. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 383,109 (364,438 ) 18,671

Restricted funds
Tenant Hardship fund - (1,327 ) (1,327 )

TOTAL FUNDS 383,109 (365,765 ) 17,344

15. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024.