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2023-12-31-accounts

NAILSEA BAPTIST CHURCH

CHURCH HOUSE

79 SILVER STREET

NAILSEA BS48 2DS

CHARITY NUMBER: 1126312

STATEMENT OF ACCOUNT

AND

INDEPENDENT EXAMINATION REPORT FOR THE YEAR ENDED 31[ST] DECEMBER 2023

Luke Silver Accountancy & Taxation Services 25 Ellicombe Close Minehead Somerset TA24 6DQ

Mobile: 07710 456376

E-mail: luke-silver@puresilver.org.uk

Independent Examiner’s Report on the Accounts

Accruals Accounts

Report to the trustees/members of Nailsea Baptist Church

Registered Charity Number 1126312

On the accounts for the year ended 31[st] December 2023

Set out on the following pages

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity¹s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to: examine the accounts under section 145 of the 2011 Act; follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and

state whether particular matters have come to my attention.

Basis of independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed L A Silver

Date: 13 February 2024

Luke Silver, HNC Business & Finance Accountancy Practitioner

Accountancy & Taxation Services 25 Ellicombe Close, Minehead, Somerset. TA24 6DQ

Independent Examiners Report to the Trustees

Introduction

Thank you for submitting the accounts for independent examination. They have been well maintained and the treasurer and others responsible are to be commended for their hard work.

Charity Law and Financial Regulations

The independent examination has been carried out in accordance with the Charities (Accounts and Reports) Regulations 1995 (Statutory Instruments No 2724) and the Accounting by Charities Statement of Recommended Practice (SORP).

Signing of Accounts

I shall be obliged if you will please forward a copy of the signature page for my records after the accounts have been signed by a representative appointed by the Trustees. A spare copy is enclosed .

Pension Scheme Liabilities 2022

The Church is a participating employer the Baptist Pension Scheme (“the Scheme”), which is a separate legal entity administered by the Pension Trustee (Baptist Pension Trust Limited). The assets of the Scheme are held separately from those of the Employer and the other participating employers.

A formal valuation of the DB Plan as at 31 December 2016. At the valuation date the market value of the DB Plan assets was £219 million, whilst the level of assets needed to pay benefits was £312m, giving a deficit of £93m (equivalent to a past service funding level of 70%).

A recent review now shows minimal deficit in the scheme, however participating churches are still responsible for any deficit which may arise. The next actuarial valuation is now due. Churches are, at present making contributions of just £1 per month.

Conclusion

There are no other matters I feel need to be brought to your attention.

Please do not hesitate to contact me for further clarification or for further assistance.

Luke Silver

Date: 13 February 2024

NAILSEA BAPTIST CHURCH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31[ST] DECEMBER 2023

ACTIVITIES REVIEW

The financial results are set out in the enclosed accounts.

The principal activity throughout the year under review was that of the advancement of the Christian faith and the extension of the Kingdom of God.

TRUSTEES

The trustees during the year were as follows:

Rev P Burns

Fir Tree Cottage, 74 High Street, Nailsea BS48 1AU

Mr A Smith

13 Hillcrest Road, Nailsea BS48 2JB

Dr M Elford

21 Scotch Horn Way, Nailsea BS48 1TE

Mr S Ross (Appointed Sept 2022) 9 Edgehill Road, Clevedon. BS21 7BZ

Mr G Shrubsole (no longer trustee as of October 2023) 18 Bucklands View, Nailsea BS48 4TZ

Mr J Howard (no longer trustee as of October 2023) 1 Coombe Road, Nailsea BS48 2HS

Mrs L Luft (no longer trustee as of October 2023) 39 Nightingale Gardens, Nailsea. BS48 2BH

STATEMENT

We certify that the books, vouchers and information produced to enable the independent examination of our accounts to be conducted contain a full and correct record of our financial transactions and activities to the best of our knowledge and belief.

SIGNED ON BEHALF OF THE TRUSTEES

Please print name:

Date:

Independent Examiners Report to the Trustees

1. Accounting Policies

2. Trustees

One of the Trustees Rev P Burns received remuneration from the Charity. No one received in excess of £50,000.

3. Expenditure

Independent Examiner’s fee for the year is £675.

4. Endowment and Restricted Funds

There were no restricted funds received during the financial year.

5. Investment Assets

The charity has £60,000 as an investment asset. This was transferred from Virgin Money to the Lloyds Bank Reserve Account during the year. Additionally, the charity has £32,747 as an investment asset the Baptist

6. Paid Employees

The charity had two full time paid employees Peter Burns and Heulwen Evans. There were three part time employees, Dawn Perrett, Brian Comerford and Anne Stokes.

They were paid salaries to support the further development of the objects of the charity.

7. Charity Management and Administration

The work carried out by the treasurer is on a voluntary basis. The total administrative costs during the year were £12,362.40.

8. Fixed Assets – Land & Premises

The Centre is insured for a rebuild value of £1,774,895

9. Fixed Assets – Contents of Premises

The equipment is insured for £121,665 which includes £5,000 for equipment held at Kingshill School.

10. Debtors & Prepayments

There were no Debtors or Prepayments during this financial year.

11. Creditors & Accruals

There were no Creditors or Accruals during this financial year.

Nailsea Baptist Church

Statement of Financial Activities

For the period from 01 January 2023 to 31 December 2023

Unrestricted Restricted Endowment Total Prior year
funds funds funds funds total funds
Incoming resources
Donations, Legacies and similar incoming resources 152,165 152,165 142,450
Activities in futherance of the charity's objects 17,950 17,950 25,649
Activities for generating funds 1,400 1,400
Investment income 1,666 1,666 736
Other incoming resources
Total income 173,183 173,183 168,836
Resources used
Costs of generating funds
Grants payable in futherance of charity's objects
Activities in futherance of the charity's objects 73,613 73,613 28,545
Support costs 13,133 13,133 13,181
Expenditure on managing-administering the charity 97,217 97,217 124,852
Total expenditure 183,964 183,964 166,578
Gains / losses on investment assets
Net income / (expenditure) resources before transfer (10,780) (10,780) 2,257
Transfers
Gross transfers between funds - in
Gross transfers between funds - out
Other recognised gains / losses
Gains on revaluation, fixed assets, charity's own use
Net movement in funds (10,780) (10,780) 2,257
Reconciliation of funds
Total funds brought forward 469,968 469,968 467,711
Total funds carried forward 459,187 459,187 469,968

There may be minor discrepancies in the totals if the pence are not being shown

13 February 2024 Page 1

Nailsea Baptist Church

Analysis of income and expenditure

Selected period: 01 January 2023 to 31 December 2023

Total
Unrestricted Designated Restricted Endowment This year Last year
Incoming resources
Donations, Legacies and similar incoming resources
1101 - Gift Aid Giving 106,012 106,012 92,956
1101A - Loose Offering - Gift Aid Small
Donation
2001 - Gift Aided Donations
2002 - Non GA Donations 14,505 14,505 14,444
2003 - Stewardship/CAF 1,200 1,200 4,400
2004 - Gift Aid Refund 24,275 24,275 25,997
2131 - F&A Support 1,429 1,429 102
2131A - F&A GA Support 4,305 4,305 3,545
2131B - F&A GA Refund
2133 - Tear Fund Support 248 248 573
2134 - BMS Support 200
2135 - Home Mission Donatio
2136 - Salvation Army Donat
2137 - OMF Donation
2138 - UFM Donation
2139 - CTA Donation
2140 - Eurovangelism Donati 58 58
2141 - Wellspring Donation 27
2142 - Compassion Donation
2143 - 4H Income
2144 - Barnabas Donations
2500 - Shoe Boxes 130 130 205
2501 - Pledge Donations
2503 - Year for God Donations
2504 - Particular Baptist Fund (Loan)
2509 - Tax Cut Repayment
2510 - Syrian Family Income
Donations, Legacies and similar 152,165 152,165 142,450
incoming resources Totals
Activities in futherance of the charity's objects
2151 - Chatterbox 2,002 2,002 1,831
2152 - Focus
2154 - Morning Break
2155 - Discipleship/Worship
2156 - Alpha/CE/DE
2157 - Good News Newspapers
2158 - Ladies Events
2159 - Bible Study Notes 56 56 85
2160 - Visiting Preachers (100) (100)
2161 - Church W/E 1,310 1,310 3,095
2162 - Ladies W/E
2171 - RS2 - Older Youth Group
2172 - Live Wires 245 245 140
2175 - Creche
2176 - Friday Fun Club
2177 - Fusion 392 392 382
2178 - FAST 415 415 222
2179 - FAST +
2180 - AYC

There may be minor discrepancies in the totals if the pence are not being shown

13 February 2024 Page 1

Total
Unrestricted Designated Restricted Endowment This year Last year
2191 - May Fair
2192 - Victorian Fair
2193 - Carnival
2194 - Evangelistic Events 508 508 459
2194A - Film Club 1,031 1,031 71
2194B - Messy Church 134 134 51
2196 - Money Matters
2197 - Parenting Workshops
2198 - Youth Weekend 749 749 7
2198A - Youth Trips 9 9 3
2199 - The Centre Income 240 240 204
2200 - GTSSS - India 3,910
2250 - Time Out @ 10 Donations 1,836 1,836 951
2300 - The Centre - Office
2301 - Coffee @ The Centre Donations 2,009 2,009 1,471
2302 - The Centre - Hire Payments 6,939 6,939 4,825
2505 - Acts246 GG Weekend Away 170 170 500
Income
2506 - Stop the Traffik
2507 - Men's Weekend Income 237
2508 - Bike Ride Income
2511 - Open Doors Mission
2512 - Lou Luft Grant 7,199
2514 - Emerging Needs
Activities in futherance of the 17,950 17,950 25,649
charity's objects Totals
Activities for generating funds
2131C - Malawi Trip - Income 1,400 1,400
Activities for generating funds 1,400 1,400
Totals
Investment income
1123 - Interest received 1,666 1,666 736
Investment income Totals 1,666 1,666 736
Incoming resources Grand 173,183 173,183 168,836
totals

Resources used

Resources used
Costs of generating funds
2468 - Baptist Loan Fund (Repayments)
Costs of generating funds Totals
Activities in futherance of the charity's objects
2351 - Chatterbox 1,056 1,056 957
2352 - Focus
2353 - Time To Think
2354 - Morning Break
2355 - Discipleship/Worship
2356 - Alpha/CE/DE Expenditure
2357 - Good News Newspapers
2358 - Ladies events
2359 - Bible Study Notes 186 186 192
2360 - Visiting Preachers 300 300 80

There may be minor discrepancies in the totals if the pence are not being shown

13 February 2024 Page 2

2361 - Church W/E
2362 - Ladies W/E
2370 - Sunday School
2371 - Vision Youth
2372 - LW - Dynamite
2373 - LW - Sparks
2374 - LW - Mini Sparks
2375 - Creche
2376 - Friday Fun Club
2377 - Fusion
2378 - FAST
2380 - AYC
2391 - May Fair
2392 - Victorian Fair
2393 - Carnival
2394 - Evangelistic Events
2423 - Puppets
2460 - GTSSS - India Donations
2461 - Loose Endz - Expnditure
2462 - The Centre Office
2463 - Year for God Expenses
2464 - Time Out @ 10
2469 - Acts246 GG Weekend Away
Payments
2473 - Men's Weekend Payments
2474 - Youth Weekend
2476 - Bike Ride Donations
2477 - NBC Mission Support
2481 - Open Doors Mission Support
2482 - WEBA
2483 - Safeguarding
2484 - Bristol Baptist College
2485 - Connect (schools worker)
2486 - UCCF Support
2487 - Lou Luft Support
2488 - Petty Cash At Office
2489 - Emerging Needs
Activities in futherance of the
charity's objects Totals
Support costs
1355 - Subscription
2330 - James Clarke Support
2331 - Francis & Annie/EAM
2332 - Paul Carter
2333 - Tear Fund
2334 - Judy Cook/BMS
2335 - BU/Home Mission
2336 - Salvation Army
2337 - Stephen/Iun Hue/OMF
2338 - Andrew & Jenny/UFM
2339 - CTA
2340 - Eurovangelism
2341 - Wellspring
2342 - Compassion UK
2344 - 4H
2345 - Barnabas
2465 - Shoe Box Donations
2471 - Stop the Traffik Donation
Unrestricted
Designated
Restricted
Endowment
Total
This year
Last year
900



900
5,885
175



175

103



103
181
252



252
252






























393



393
135
242



242
205
























2,644



2,644
929






970



970
5,630


















986



986
167
50



50
500






1,495



1,495
392






900



900

943



943
900
54,154



54,154
200






3,053



3,053

2,000



2,000
2,000
1,000



1,000
1,000
1,704



1,704
8,936
100



100






73,613
73,613



28,545
1,322



1,322
1,891






7,000



7,000
4,580






1,210



1,210
1,388
900



900
1,198
2,400



2,400
2,540


















300



300
300























900











383





There may be minor discrepancies in the totals if the pence are not being shown

13 February 2024 Page 3

Total
Unrestricted Designated Restricted Endowment This year Last year
Support costs Totals 13,133 13,133 13,181
Expenditure on managing-administering the charity
2201 - Pastor's Stipend 5,680 5,680 21,497
2202 - Pastor's NI 2,823 2,823 8,520
2203 - Pastor's Pension 7,816 7,816 7,381
2204 - Pastor's Lease 11,016 11,016 10,488
2205 - Pastor's Car Expense
2206 - Co.Tax/Build/Water 3,173 3,173 2,399
2207 - Pastor's Telephone
2208 - Pastor's Misc. Expen 1,776 1,776 764
2209 - Pastor's Hospitality
2210 - Pastor's AVC
2215 - Administrators Pay - Dawn 873 873 3,278
2216 - Administrators NI - Dawn
2217 - Adm. exp. not office
2218 - Administrator - Anne 1,809 1,809 7,040
2219 - Administrator NI - Anne 776 776 1,392
2221 - Youth Pastor Pay 5,345 5,345 20,277
2221A - Youth Pastor Pension 2,712 2,712 2,576
2222 - Youth Pastor NI 2,289 2,289 6,764
2223 - YW - exp. personal
2224 - Youth Pastor Exp Youth 1,743 1,743 1,475
2227 - Youth Pastor Office Expenses
2228 - Youth Pastor Other expenses
2229 - Youth Pastor Car Expenses 39 39
2331A - Malawi Trip - Expenditure 3,212 3,212
2401 - Office Rent/Rates
2402 - Office Phone etc
2403 - Stationery/Printing 2,164 2,164 822
2404 - Other Office expense 280 280 191
2405 - Insurance 1,738 1,738 1,567
2411 - Rent for School 6,240 6,240 3,456
2412 - Rent for Mycon
2413 - Rent for other
2421 - Sound & Proj. equip
2422 - Catering & Communion
2431 - Minibus Fuel
2432 - Minibus Service/MOT
2433 - Minibus Ins/Tax
2447 - Associate Pastor Pension
2448 - Associate Pastor - Lease
2451 - Audit 690 690 690
2452 - Churches Together 260 260 320
2453 - BU Subscription 545 545 422
2454 - Bank Fees
2455 - Other 6,911 6,911 1,009
2456 - CCLI 1,350 1,350 1,208
2457 - Money Matters
2458 - Parenting Workshop
2459 - The Centre - Maintenance 10,626 10,626 1,067
2459A - The Centre - Kitchen
Equipment
2459B - The Centre - Audio Equipment 126 126
2459C - The Centre - Equipment 183 183 499
2459D - Coffee @ The Centre Costs 3,078 3,078 4,608
2459E - The Centre - Electric 3,480 3,480 8,216
2459F - The Centre - Water Rates 759 759 1,086
2459G - The Centre - Gas 4,973 4,973 1,943
2459H - The Centre - Refuse Collection 407 407 368

There may be minor discrepancies in the totals if the pence are not being shown

13 February 2024 Page 4

Total
Unrestricted Designated Restricted Endowment This year Last year
2459I - The Centre - Cleaner 1,252 1,252 4,342
2459J - The Centre - Caretaker
2459K - The Centre Supplies 2,615 2,615 1,413
2466 - Family Worker
2467 - HMRC - Gift Aid Repayment
2470 - Particular Baptist Fund
Repayment
2472 - Members Loan Repayments
2475 - HMRC - Charity Tax Cut (1,568) (1,568) (4,484)
2479 - Baptist Pension Fund - Deficit 12 12 2,243
2480 - Syrian Refuge Families
Expenditure on managing- 97,217 97,217 124,852
administering the charity Totals
Resources used Grand totals 183,964 183,964 166,578

There may be minor discrepancies in the totals if the pence are not being shown

13 February 2024 Page 5

Nailsea Baptist Church

Balance Sheet detailed

31/12/2023
31/12/2022
As at
As at
Fixed assets
1407: The Centre (Building)
Total Fixed assets
Current assets
1501: Current Account - 00842728
1502: Saving Account - 07278356
1502A: Extra Reserve - 25460960
1503: Reserve Account - 07507126
1505: Virgin Money - 15035A-24170
1507: Friday Fun Club
1508: Fusion
1509: Fast
1511: Chatterbox
1513: BUC General Account - NL003
Z05: Accounts Receivable
Total Current assets
Liabilities
1603: Particular Baptist Fund
1603A: Particular Baptist Fund more than 1
year
1604: Baptist Loan Corporation
1604A: Baptist Loan Corportaion more than 1 yr
1605: NBC Member Loans
Z04: Accounts Payable
Total Liabilities
Net Asset surplus (deficit)
Reserves
Excess / (deficit) to date
Z01: Starting balances
Z02: Other gains/(losses)
Z03: Gains and losses own use
Total Reserves
350,000.00
350,000.00
350,000.00
350,000.00
11,741.90
12,124.78
0.05
100.03
1,312.14
1,300.70
63,175.81
13,006.34

60,000.00


171.68
197.70
38.31
33.14

1,796.75
32,747.61
31,408.89


109,187.50
119,968.33














459,187.50
469,968.33
(10,780.83)
2,257.30
469,968.33
467,711.03




459,187.50
469,968.33

09 February 2024

Page 1

As at As at 31/12/2023 31/12/2022

431,511.50
Unrestricted
442,292.33
27,676.00
Designated
27,676.00

Restricted


Endowment

Represented by Funds
459,187.50
469,968.33
Total

09 February 2024

Page 2