REGISTERED COMPANY NUMBER: 6129852
REGISTERED CHARITY NUMBER: 1126260
EMSWORTH BAPTIST CHURCH TRUST
Report of the Trustees Unaudited Financial Statements
(1[st] January 2022 to 31[st] December 2022)
Registered Office: North Street, Emsworth, Hampshire, PO10 7BY
Financial Statements Independently Examined by – Malcolm Paul Mead FCCA Peek & Co 1st Floor 119 High Street Selsey West Sussex PO20 0QB
Report of the Trustees
For the Period 1[st] January 2022 to 31[st] December 2022
EBCT 2022 Directors' Report
Page 1
20/06/2023
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 1985.
Members of the Company are those individuals who are currently part of the leadership team of Emsworth Baptist Church. Each new member of that team will be invited to become a member of the trust. Upon leaving the leadership team each person will stand down as a member of the trust.
The liability of members is limited to £1 in the event of a winding up.
Recruitment and appointment of new trustees
New trustees will be sought as the need arises to broaden the expertise of the current board. It is desirable that any new trustees are sympathetic with the objectives of the trust and play a full role in the development of the activities in order that the objectives are realised in due course.
Induction and training of new trustees
It is expected that new trustees will either be members of Emsworth Baptist Church or are members of another Christian church. Trustees will therefore understand and be sympathetic to the role of the trust. New trustees will be expected to attend services at Emsworth Baptist Church.
All trustees are expected to familiarise themselves with the legislation applicable to the trust and the responsibilities they have as trustees of a charitable company. They are given guidance as to regulations laid down by the Charity Commission and are encouraged to keep themselves up to date with new legislation and guidance as it is issued.
Organisational structure
The trustees are the members of the Emsworth Baptist Church building steering group. This group was established to act on behalf of the leadership team and members of Emsworth Baptist Church to oversee and administer the affairs of the church buildings. The steering group is responsible to the church leadership team and to the church members and provide reports on a periodic basis to both groups at both formal and informal meetings.
The steering group comprises of three Director; Simon Cargill (Joint Chair), Tim Holmes (Joint Chair), Nina Ware (Treasurer) who act as Trustees. In addition, Cliff Chisnall is an ordinary member of the Trust and sits on the steering group to advice on building matters.
The trust has received income during the year amounting to £103,758 which was received in the form of voluntary donations, occasional fund-raising events and Gift Aid.
EBCT 2022 Directors' Report
Page 2
20/06/2023
Annual expenditure amounted to £56,691, comprising £5,172 for interest payable on the Baptist Union loan and with the major part £51,275 covering repairs and maintenance including the demolishing of the old church building, plus £244 for fees and administration costs. Tangible assets of £1,699,300 are represented by the land and building costs which includes an amount of £41,564 for annual depreciation.
Restricted fund balances at 31st December 2022 amount to £1,450,228.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The object of the trust is to further the Christian religious and other charitable work of the Emsworth Baptist Church, including in particular to servicing of outstanding loans on the buildings and certain maintenance, repair and development of the fabric of the church buildings and associated property. The charitable objects are supported by the members and worshippers of Emsworth Baptist Church.
The aim of the trust is to develop with the members of Emsworth Baptist Church and the community of Emsworth in Hampshire a significant building in the town that is primarily a space of worship for all who live in and around Emsworth and for all those who may be visiting the area. The building continues to serve the community in a variety of ways including the provision of a large venue for performances and conferences and a range of social care and recreational facilities for the community.
Significant Activities
The primary function of the steering group has been to administer the repayments of the ongoing loans which were incurred for the construction of the new Church building which was completed in June 2015.
The old Church building (Brook Hall) which severely deteriorated during 2021 was demolished in January 2022. Office containers were installed on the site in 2022 but these will shortly be replaced with four garden cabins to house administrations and youth facilities, whilst longerterm building developments are explored.
Funding Support
The funding requirements at 31st December 2022 amounts to £284,495, comprising:
- Remaining loan for the Baptist Union* (£76,495) and Southern Counties Baptist Association ( £8,000)
2. Church members underwriting loans (£200,000).
* Note - The Baptist Union is the only interest-bearing loan.
EBCT 2022 Directors' Report
Page 3
20/06/2023
The trustees wish to acknowledge the continued support and fundraising efforts made by the members of Emsworth Baptist Church, and the generous contributions given in terms of money, time and effort. These are all greatly appreciated.
ACHIEVEMENT AND PERFORMANCE
Fundraising Activities
During the fourteen years of operation since inception, the Trust has continued to raise funds from the congregation of Emsworth Baptist Church through personal donations, regular standing orders and fund-raising events.
The cumulative amount raised by the Church at the end of 2022 totals £2,156,266.
The standing orders contribution level reduced over the year and averages approximately £4,476 per month. These contributions are directed towards paying off the Baptist Union and SCBA loans which stands at £5,300 per month.
There is still a large remaining loan of £200,000 to be repaid later to a Church member. The Baptist Union has been approached and confirms that their loan could be extended to cover this amount if this sum needed to be returned unexpectedly.
Fundraising activities will be continued into the foreseeable future. It is anticipated that the repayment of the Baptist Union and SCBA loans will continue up till 2024/25.
PUBLIC BENEFIT STATEMENT
It is the intention of all Trustees to give due regard to the guidance on public benefit published by the Charities Commission during the exercise of their powers and duties, and their belief that they have complied with such guidance during the period covered by the report.
On behalf of the Board:
……………………………………………………………………………..
R M Collison – Secretary
Date: …………………………………………………………………….
EBCT 2022 Directors' Report
Page 4
20/06/2023
Registered number 06129852
EMSWORTH BAPTIST CHURCH TRUST
Report and Accounts
31 December 2022
EMSWORTH BAPTIST CHURCH TRUST Registered number: 06129852 Directors' Report
The directors present their report and accounts for the year ended 31 December 2022.
Limited by guarantee
The company is limted by guarantee and as such does not have any share capital.
Charitable status
The company is a registered charity, the registered number being 1126260.
Principal activities
The company's principal activity during the year continued to be that of a charity to further the religious and other charitable work of the Emsworth Baptist Church, including the maintenance and repair of the fabric of the church buildings and other property.
Directors
The following persons served as directors during the year:
T A Holmes S T Cargill N E Ware
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 20 June 2023 and signed on its behalf.
S T Cargill Director
1
EMSWORTH BAPTIST CHURCH TRUST Accountants' Report
Accountants' report to the directors of EMSWORTH BAPTIST CHURCH TRUST
You consider that the company is exempt from an audit for the year ended 31 December 2022. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Peek & Co Chartered Certified Accountants
1st Floor 119 High Street Selsey West Sussex PO20 0QB
20 June 2023
2
EMSWORTH BAPTIST CHURCH TRUST Income and Expenditure Account for the year ended 31 December 2022
| Notes Voluntary income Charitable activities Operating income Interest payable Income on ordinary activities before taxation Tax on income on ordinary activities Income for the financial year |
2022 £ 103,758 (93,083) 10,675 (5,172) 5,503 - 5,503 |
2021 £ 87,096 (42,340) |
|---|---|---|
| 44,756 (5,732) |
||
| 39,024 - |
||
| 39,024 |
3
EMSWORTH BAPTIST CHURCH TRUST Registered number: 06129852 Balance Sheet as at 31 December 2022
| Notes Fixed assets Tangible assets 3 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 4 Net current (liabilities)/assets Total assets less current liabilities Creditors: amounts falling due after more than one year 5 Net assets Funds Restricted funds Total funds |
2022 £ 1,699,300 35,423 (58,573) (23,150) 1,676,150 (225,922) 1,450,228 1,450,228 1,450,228 |
2021 £ 1,740,864 71,797 (59,514) 12,283 1,753,147 (308,422) 1,444,725 1,444,725 1,444,725 |
2021 £ 1,740,864 71,797 (59,514) 12,283 1,753,147 (308,422) 1,444,725 1,444,725 1,444,725 |
|---|---|---|---|
| 1,753,147 (308,422) |
|||
| 1,444,725 | |||
| 1,444,725 | |||
| 1,444,725 |
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
T A Holmes Director Approved by the board on 20 June 2023
4
EMSWORTH BAPTIST CHURCH TRUST Statement of Changes in Equity for the year ended 31 December 2022
| At 1 January 2021 Income for the financial year At 31 December 2021 At 1 January 2022 Income for the financial year At 31 December 2022 |
Share capital £ - - - - |
Share premium £ - - - - |
Re- valuation reserve £ - - - - |
Restricted funds £ 1,405,701 39,024 1,444,725 1,444,725 5,503 1,450,228 |
Total £ 1,405,701 39,024 |
|---|---|---|---|---|---|
| 1,444,725 | |||||
| 1,444,725 5,503 |
|||||
| 1,450,228 |
5
EMSWORTH BAPTIST CHURCH TRUST Notes to the Accounts for the year ended 31 December 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover represents the total of voluntary income received in the year.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years Leasehold land and buildings over the lease term Plant and machinery 10% reducing balance Fixtures, fittings, tools and equipment 10% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
6
EMSWORTH BAPTIST CHURCH TRUST Notes to the Accounts for the year ended 31 December 2022
| 2 Employees Average number of persons employed by the company 3 Tangible fixed assets Land and buildings £ Cost At 1 January 2022 1,948,743 At 31 December 2022 1,948,743 Depreciation At 1 January 2022 233,771 Charge for the year 38,975 At 31 December 2022 272,746 Net book value At 31 December 2022 1,675,997 At 31 December 2021 1,714,972 4 Creditors: amounts falling due within one year SCBA and Baptist Union loans 5 Creditors: amounts falling due after one year SCBA and Baptist Union loans Other creditors 6 Loans Creditors include: Amounts payable otherwise than by instalment falling due for payment after more than five years |
2022 Number - Plant and machinery etc £ 53,953 53,953 28,061 2,589 30,650 23,303 25,892 2022 £ 58,573 2022 £ 25,922 200,000 225,922 2022 £ 200,000 |
2021 Number - |
|---|---|---|
| Total £ 2,002,696 |
||
| 2,002,696 | ||
| 261,832 41,564 |
||
| 303,396 | ||
| 1,699,300 | ||
| 1,740,864 | ||
| 2021 £ 59,514 |
||
| 2021 £ 108,422 200,000 |
||
| 308,422 | ||
| 2021 £ 200,000 |
7
EMSWORTH BAPTIST CHURCH TRUST
Notes to the Accounts for the year ended 31 December 2022
7 Controlling party
There is no controlling party, the company is limited by guarantee.
8 Other information
EMSWORTH BAPTIST CHURCH TRUST is a private company limited by guarantee and incorporated in England. Its registered office is:
North Street, Emsworth, Hampshire, PO10 7BY
8
EMSWORTH BAPTIST CHURCH TRUST Detailed income and expenditure account for the year ended 31 December 2022
| Voluntary income Charitable activities Operating income Interest payable Income before tax |
2022 £ 103,758 (93,083) 10,675 (5,172) 5,503 |
2021 £ 87,096 (42,340) |
|---|---|---|
| 44,756 (5,732) |
||
| 39,024 |
9
EMSWORTH BAPTIST CHURCH TRUST
Detailed income and expenditure account for the year ended 31 December 2022
| Volumntary income Donations Charitable activities Premises costs: Rent of portacabins Building works Repairs and maintenance General administrative expenses: Depreciation Charitable activities Legal fees and administration costs |
2022 £ 103,758 3,757 42,030 5,488 51,275 41,564 41,564 244 244 93,083 |
2021 £ 87,096 |
|---|---|---|
| - - 144 |
||
| 144 | ||
| 41,852 | ||
| 41,852 | ||
| 344 | ||
| 344 | ||
| 42,340 |
10
Registered number 06129852
EMSWORTH BAPTIST CHURCH TRUST
Report and Accounts
31 December 2022
EMSWORTH BAPTIST CHURCH TRUST Registered number: 06129852 Directors' Report
The directors present their report and accounts for the year ended 31 December 2022.
Limited by guarantee
The company is limted by guarantee and as such does not have any share capital.
Charitable status
The company is a registered charity, the registered number being 1126260.
Principal activities
The company's principal activity during the year continued to be that of a charity to further the religious and other charitable work of the Emsworth Baptist Church, including the maintenance and repair of the fabric of the church buildings and other property.
Directors
The following persons served as directors during the year:
T A Holmes S T Cargill N E Ware
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 20 June 2023 and signed on its behalf.
S T Cargill Director
1
EMSWORTH BAPTIST CHURCH TRUST Accountants' Report
Accountants' report to the directors of EMSWORTH BAPTIST CHURCH TRUST
You consider that the company is exempt from an audit for the year ended 31 December 2022. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Peek & Co Chartered Certified Accountants
1st Floor 119 High Street Selsey West Sussex PO20 0QB
20 June 2023
2
EMSWORTH BAPTIST CHURCH TRUST Income and Expenditure Account for the year ended 31 December 2022
| Notes Voluntary income Charitable activities Operating income Interest payable Income on ordinary activities before taxation Tax on income on ordinary activities Income for the financial year |
2022 £ 103,758 (93,083) 10,675 (5,172) 5,503 - 5,503 |
2021 £ 87,096 (42,340) |
|---|---|---|
| 44,756 (5,732) |
||
| 39,024 - |
||
| 39,024 |
3
EMSWORTH BAPTIST CHURCH TRUST Registered number: 06129852 Balance Sheet as at 31 December 2022
| Notes Fixed assets Tangible assets 3 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 4 Net current (liabilities)/assets Total assets less current liabilities Creditors: amounts falling due after more than one year 5 Net assets Funds Restricted funds Total funds |
2022 £ 1,699,300 35,423 (58,573) (23,150) 1,676,150 (225,922) 1,450,228 1,450,228 1,450,228 |
2021 £ 1,740,864 71,797 (59,514) 12,283 1,753,147 (308,422) 1,444,725 1,444,725 1,444,725 |
2021 £ 1,740,864 71,797 (59,514) 12,283 1,753,147 (308,422) 1,444,725 1,444,725 1,444,725 |
|---|---|---|---|
| 1,753,147 (308,422) |
|||
| 1,444,725 | |||
| 1,444,725 | |||
| 1,444,725 |
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
T A Holmes Director Approved by the board on 20 June 2023
4
EMSWORTH BAPTIST CHURCH TRUST Statement of Changes in Equity for the year ended 31 December 2022
| At 1 January 2021 Income for the financial year At 31 December 2021 At 1 January 2022 Income for the financial year At 31 December 2022 |
Share capital £ - - - - |
Share premium £ - - - - |
Re- valuation reserve £ - - - - |
Restricted funds £ 1,405,701 39,024 1,444,725 1,444,725 5,503 1,450,228 |
Total £ 1,405,701 39,024 |
|---|---|---|---|---|---|
| 1,444,725 | |||||
| 1,444,725 5,503 |
|||||
| 1,450,228 |
5
EMSWORTH BAPTIST CHURCH TRUST Notes to the Accounts for the year ended 31 December 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover represents the total of voluntary income received in the year.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years Leasehold land and buildings over the lease term Plant and machinery 10% reducing balance Fixtures, fittings, tools and equipment 10% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
6
EMSWORTH BAPTIST CHURCH TRUST Notes to the Accounts for the year ended 31 December 2022
| 2 Employees Average number of persons employed by the company 3 Tangible fixed assets Land and buildings £ Cost At 1 January 2022 1,948,743 At 31 December 2022 1,948,743 Depreciation At 1 January 2022 233,771 Charge for the year 38,975 At 31 December 2022 272,746 Net book value At 31 December 2022 1,675,997 At 31 December 2021 1,714,972 4 Creditors: amounts falling due within one year SCBA and Baptist Union loans 5 Creditors: amounts falling due after one year SCBA and Baptist Union loans Other creditors 6 Loans Creditors include: Amounts payable otherwise than by instalment falling due for payment after more than five years |
2022 Number - Plant and machinery etc £ 53,953 53,953 28,061 2,589 30,650 23,303 25,892 2022 £ 58,573 2022 £ 25,922 200,000 225,922 2022 £ 200,000 |
2021 Number - |
|---|---|---|
| Total £ 2,002,696 |
||
| 2,002,696 | ||
| 261,832 41,564 |
||
| 303,396 | ||
| 1,699,300 | ||
| 1,740,864 | ||
| 2021 £ 59,514 |
||
| 2021 £ 108,422 200,000 |
||
| 308,422 | ||
| 2021 £ 200,000 |
7
EMSWORTH BAPTIST CHURCH TRUST
Notes to the Accounts for the year ended 31 December 2022
7 Controlling party
There is no controlling party, the company is limited by guarantee.
8 Other information
EMSWORTH BAPTIST CHURCH TRUST is a private company limited by guarantee and incorporated in England. Its registered office is:
North Street, Emsworth, Hampshire, PO10 7BY
8
EMSWORTH BAPTIST CHURCH TRUST Detailed income and expenditure account for the year ended 31 December 2022
| Voluntary income Charitable activities Operating income Interest payable Income before tax |
2022 £ 103,758 (93,083) 10,675 (5,172) 5,503 |
2021 £ 87,096 (42,340) |
|---|---|---|
| 44,756 (5,732) |
||
| 39,024 |
9
EMSWORTH BAPTIST CHURCH TRUST
Detailed income and expenditure account for the year ended 31 December 2022
| Volumntary income Donations Charitable activities Premises costs: Rent of portacabins Building works Repairs and maintenance General administrative expenses: Depreciation Charitable activities Legal fees and administration costs |
2022 £ 103,758 3,757 42,030 5,488 51,275 41,564 41,564 244 244 93,083 |
2021 £ 87,096 |
|---|---|---|
| - - 144 |
||
| 144 | ||
| 41,852 | ||
| 41,852 | ||
| 344 | ||
| 344 | ||
| 42,340 |
10