Registered Charity no. 1126351
Croxley Green Baptist Church Trustees Annual Report and Accounts Year Ended 31st December 2023
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Croxley Green Baptist Church
Year Ended 31st December 2023
Contents Page
| Page | |
|---|---|
| Legal and Administrative Information | 1 |
| Trustees' Annual Report | 3 |
| Independent Examiners Report | 8 |
| Statement of Financial Activities | 9 |
| Statement of Financial Position | 10 |
| Notes to the Financial Statements | 11 |
Croxley Green Baptist Church
Year Ended 31st December 2023
Legal and Administrative Information
Reference
The Charity is called Croxley Green Baptist Church. The Church is registered with the Charity Commission for England and Wales and was registered on the 20th of October 2008. Before this, the church was an except charity.
Registered Charity Number
1126351
Principal Address
225 Baldwins Lane, Coxley Green Rickmansworth WD3 3LH
Website
office@croxleybaptist.co.uk www.croxleybaptist.co.uk
Trustees
Ann Wrangles Chair Paul Sutton Appointed 1st Jan 2023 Joanna Baldwin Appointed 1st Jan 2023 Christine Elizabeth Fowler Steven Bruce Gilbert Sara Margaret O' Shea Colin James Mead Treasurer Elizabeth Pedrick Gary Mead Resigned March 2024 Colin Abbiss Resigned December 2023 Rev Stephen David Elmes Appointed 1st April 2024 Rachel Alice Mead Appointed 28th March 2024
Property Trustees
The Baptist Union Corporation Ltd Baptist House 129 Broadway Didcot Oxfordshire OX11 8RT
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Croxley Green Baptist Church
Year Ended 31st December 2023
Legal and Administrative Information
Primary Bankers
Independent Examiner
CAF bank Ltd 25 Kings Hill Avenue West Malling Kent ME 19 4JQ Barclays Bank UK Plc 1 Churchill Place London E14 5HP Nigel Wyatt BSC FCA Wyatt & Co Chartered Accountants 125 Main Street Garforth, Leeds LS25 1AF
Members of
The Baptist Union of Great Britain Central Baptist Association Churches Together in Croxley Green
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Croxley Green Baptist Church
Year Ended 31[st] December 2023
Trustees’ Annual Report
INTRODUCTION
The trustees present their report together with the financial statements of the Church for the year ended 31 December 2023.
OBJECTIVES
CHARITABLE OBJECTIVE
The Church is governed by a constitution which states the principal object of the charity is the advancement of the Christian Faith, according to the principles of the Baptist denomination. This includes the advancement of education, community service and other general charitable purposes in such parts of the United Kingdom and the world as the Church shall determine. It occupies premises which are held by the Baptist Union Corporation Limited on Trusts which are entirely compatible with the above object.
The Church is a member of The Baptist Union of Great Britain, The Central Baptist Association and Churches Together in Croxley Green.
In order to achieve its principal objective, the Church provides a variety of activities to both its membership and the community in general. The aim is to show the love of the Lord Jesus in both word and deed and to bring people into a closer relationship with Him.
CHARITABLE ACTIVITES
Central to the work and witness of the Church is the provision of regular public services of Christian worship. This year we continued to provide in person Church services with precautions in line with Government and Baptist Union guidelines and restrictions. Simon Cragg, Minister at Christ Church Baptist, Welwyn Garden City, was appointed as Moderator, and he has led services along with church members and visiting speakers.
Services are live streamed at 10:30 and are accessible to those who are church members and anyone else who would like to watch. News sheets continued to be emailed out to members and friends but made available at the church for those who cannot access them this way.
The Christmas services were all in person this year. The Blue Christmas service was well attended, as was Messy Christingle, and the firepit and marshmallows with carols in the car park.
The Church runs a series of discipleship groups in members’ homes to provide friendship and foster growth in the Christian faith.
The church continues to run a weekly Wellbeing drop-in space for those who struggle with their mental health and loneliness. This has about 15-20 regular attendees and is followed by a lunch club which hosts about 45-50 people each week. Renew Wellbeing is based on the Five Ways to Wellbeing and works on the principles of being present, being prayerful and being in partnership. Each space is run by a local church and is intended to be a place where ‘it’s ok not to be ok’ in our community. It is a safe haven for anyone to come and be known by name, regardless of how they are feeling. Everyone is welcomed in and valued by the hosts.
A group for new parents with babies under 3 years old, Renew Mini Sparklers, runs each Tuesday morning during term time and is valued by those who attend. Its aim is to support parents as they negotiate the challenges of parenthood.
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Croxley Green Baptist Church
Year Ended 31[st] December 2023
Trustees’ Annual Report
Meetings between ministers and other community representatives have continued regarding the community. The Church Secretary has continued attending this meeting in the place of a minister. Liaison continues to be good between all churches and other organizations in the community.
The Church works alongside other local charities; A Charitable Incorporated Organization formed to further the work of the Churches Together in Croxley Green and to employ two Parish Nurses continued to flourish throughout the year. Food Bank is held on a Monday afternoon, which is managed via the Rickmansworth Foodbank and the Trussell Trust and has continued.
The Church places importance on working together with local churches. It actively supports the Baptist Union Home Mission Fund, BMS World Mission, and Christian Aid along with other relief agencies and missions both locally, nationally, and internationally. One of the church trustees is now also a trustee for the Central Baptist Association.
Much of what we do to support children, young people and families is relational and we get alongside and support them. Girls Brigade, Explorers, Anchor Boys, and Boys Brigade have continued to run. A church youth group called Edge has been very well attended weekly by young people within the church and their friends. On three Sundays a month, our TNT (school year 6+) and the regular Sunday School, JAM, continue to meet.
All activities and events are published on the Church website or weekly notice sheet and are open to all whether members or not.
Systems are in place to ensure that all those working with children, young people and vulnerable adults at risk have appropriate DBS clearance. We have internal systems in place to safeguard children, young people, and adults at risk and those working with them.
The trustees have read the Charity Commission guidance on “The Advancement of Religion for the Public Benefit”. They are satisfied that the activities of the Church are for the public benefit.
ACHIEVEMENTS AND PERFORMANCE
The Church does not measure the success of its programs only in numbers, including financial numbers, but also in the less tangible areas such as fellowship and encouragement.
The trustees recognise that these are difficult to measure, but believe that despite the difficulties, 2023 was a positive year in the life of the Church in terms of both spiritual growth and practical service; in encouraging and helping members and non-members across the age spectrum through difficult experiences. Due to the lack of ministers, a considerable number of people stepped up into new roles to further the spiritual and practical needs of the church and the community.
Membership increased by 3 to 100, as of the 31st December 2023.
The reputation of the church in the community is good and a growing number continue to regard the church as theirs even if they do not consider themselves regular churchgoers.
Our Church looks forward to appointing a new Minister in 2024 as well as a part-time minister in training.
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Croxley Green Baptist Church
Year Ended 31[st] December 2023
Trustees’ Annual Report
FINANCIAL REVIEW AND RESERVE POLICY
The Church continues to raise the funds it needs to carry on its activities from within its own membership and congregation. No wider public appeals were made during the year. The trustees have had regard to any specific requests by the donors in allocating such funds.
The Church is heavily dependent on its members working as volunteers in all aspects of its activities many of which run with little or no impact on the Church’s general expenditure, but which nevertheless contribute substantially to the achievement of the Church’s objectives.
The Church sees it as an important part of its mission to support the wider church by making grants equivalent to approximately 10% of the previous year’s general income to national and international Christian organizations and societies with Christian aims and objectives compatible with the Church’s own charitable objectives.
The accompanying financial statements are prepared on an accrual basis in line with the Charities SORP (FRS 102). The financial statements include the valuation of the buildings which equates to £1,800,000, which is included in the General fund figure.
In 2023, the Church received £249,269 of income of which £49,971 was for restricted funds. During the year £108,115 was spent by the Church on charitable activities. The Church saw an in-year surplus of £141,154.
The fund balances at the end of the year were as follows:
Unrestricted Funds General Designated Funds Restricted Funds Total |
2023 2022 £ £ 2,092,685 1,983,422 35,503 40,632 68,735 31,815 2,196,923 2,055,869 |
|---|---|
Reserves Policy
The current reserves policy of the Church is being reviewed by the trustees, as they hope to appoint new ministers in 2024. The current policy held states that the church aims to keep a minimum operational reserve of £60,000 .
The level of reserves is defined as unrestricted funds that are available to be used for any purpose (less fixed assets and designated funds). The reserves held at the end of the year ending 31[st] December 2023 were £286,135.
The Trustees recognize that this is above the desirable level of reserves set out in the policy, as the Church has been between ministers it has had the opportunity to build its reserves which will serve the church in the future, and now that new ministers have been appointed.
Going Concern
The trustees have assessed the major risks facing the Church and are satisfied that there are policies in place to minimize these risks. The financial statements are prepared on a going concern basis. The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
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Croxley Green Baptist Church
Year Ended 31[st] December 2023
Trustees’ Annual Report
STRUCTURE, GOVERNANCE AND MANAGEMENT
TRUSTEES
The deacons and office holders are the managing trustees of the Church. They are listed on the Legal and Administrative Information on page 1.
ORGANISATION STRUCTURE AND DECISION-MAKING PROCESS
Croxley Green Baptist Church is registered as a charity in England and Wales (number 1126351) and operates under a constitution adopted as of 1 August 2008. The foundation deed for Croxley Green Baptist Church is a Declaration of Trust in 1942 by the Baptist Union Corporation Limited (“BUC”). In 2006 the BUC, at the request of the Church, made a Declaration of Trust adopting the Baptist Trusts for Churches 2003 pursuant to section 6 of the Baptist and Congregational Trusts Act 1951. The manses are held on the Holborn Trusts by the Baptist Union Corporation Limited.
Ordinary Meetings of members generally take place six times a year and have responsibility for the overall policy of the Church. In accordance with the constitution, the members appoint the ministers, deacons, secretary, and treasurer who together are the managing trustees. The trustees are responsible for the day-to-day running of the Church’s work and witness, and its legal and financial aspects. All members are encouraged to take an appropriate part in the spiritual and practical tasks involved in the furtherance of the charitable objectives.
Relevant matters may be submitted to the Meetings of members by the trustees for guidance or may be raised by members in the Meetings for further consideration by the trustees. Although the constitution permits decisions to be made at Meetings of members by appropriate majorities, the Church seeks to work by consensus wherever possible. These meetings continued to be hybrid in-person and Zoom meetings. Members were able to vote in person or by postal vote for the Trustees elections in November 2023.
Meetings of members consider and vote on applications for membership. The constitution requires baptism by immersion upon personal profession of faith as the normal mode of entry but persons seeking membership who have not been baptised in accordance with the Baptist Union’s Declaration of Principle may be accepted into full membership based on their own public profession of faith.
The Church is a member of the Baptist Union of Great Britain but is independent and autonomous within the terms of the Trusts. The Baptist Union has a regional structure, and the Church is a member of the Central Baptist Association.
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Croxley Green Baptist Church
Year Ended 31[st] December 2023
Trustees’ Annual Report
TRUSTEES’ RESPONSIBILITIES IN RELATION TO FINANCIAL STATEMENTS
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the Church’s activities during the year and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, the trustees should follow best practices:
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Select suitable accounting policies and then apply them consistently.
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Make judgements and estimates that are reasonable and prudent.
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State whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements.
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Prepare the financial statements on a going concern basis unless it is inappropriate to assume that the Church will continue in operation.
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the Church, and which enable them to ascertain its financial position, and which enable them to ensure the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations and the provisions of the trust deed. The trustees are responsible for safeguarding the assets of the Church and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities.
TRUSTEE APPROVAL
Mr. Colin James Mead
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Approved by the Trustees and signed on their behalf.
09/10/2024
Date of Approval:
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Croxley Green Baptist Church
Year Ended 31st December 2023
Independent Examiners Report
I report to the trustees on my examination of the financial statements of Croxley Green Baptist Church ('the charity') for the year ended 31 December 2023.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent Examiner's statement
I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
I have completed my examination. I have listed any material matters that have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 130 of the Act, or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
Emphasis of Matter
Croxley Green Baptist Church owns the church building at 225 Baldwins Lane. The valuation of the church could not be completed for the preparation of these accounts so this has been omitted from these accounts.
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Nigel Wyatt BSC FCA Date: 11/10/2024 Independent Examiner 125 Main Street Garforth Leeds LS25 1AF
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Croxley Green Baptist Church
Year Ended 31st December 2023
Statement of Financial Activities
| Statement of Financial Activities | |||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Unrestricted | Restricted | Total | Total | ||
| Funds | Funds | Funds | Funds | ||
| Note | £ | £ | £ | £ | |
| Income | |||||
| Donations and legacies | 142,532 | 39,657 | 182,189 | 164,301 | |
| Charitable activities | 694 | 9,997 | 10,691 | 15,433 | |
| Activities for generating income | 46,213 | - | 46,213 | 23,985 | |
| Investment income | 9,859 | - | 9,859 | 3,304 | |
| Other | - | 317 | 317 | 3,116 | |
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| Total Income | 2 | 199,298 | 49,971 | 249,269 | 210,139 |
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| Expenditure | |||||
| Expenditure on charitable activities | 3 | 93,089 | 15,026 | 108,115 | 165,276 |
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| Total Expenditure | 93,089 | 15,026 | 108,115 | 165,276 | |
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| Net Income / (Expenditure) | 106,209 | 34,945 | 141,154 | 44,863 | |
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| Net Income and Net Movement in Funds | |||||
| Total funds brought forward | 12 | 2,024,054 | 31,815 | 2,055,869 | 2,011,006 |
| Transfers | 12 | (2,075) | 2,075 | - | - |
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| Total Funds Carried Forward | 12 | 2,128,188 | 68,835 | 2,197,023 | 2,055,869 |
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All income and expenditure derive from continuing activities.
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Croxley Green Baptist Church
Year Ended 31st December 2023
Statement of Financial Position
| Statement of Financial Position | |||
|---|---|---|---|
| 2023 | 2022 | ||
| Note | £ | £ | |
| Fixed Assets | |||
| Tangible fixed assets | 9 | 1,806,550 | 1,803,645 |
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| 1,806,550 | 1,803,645 | ||
| Current Assets | |||
| Debtors | 10 | 6,513 | 8,805 |
| Cash at bank and in hand | 385,345 | 243,419 | |
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| 391,858 | 252,224 | ||
| Creditors: amounts falling due within one year | 11 | 1,484 | - |
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| Net Current Assets | 390,374 | 252,224 | |
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| Total Assets Less Current Liabilities | 2,196,923 | 2,055,869 | |
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| Net Assets | 13 | 2,196,923 | 2,055,869 |
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| Funds of the Charity | |||
| Restricted funds | 12 | 68,735 | 31,815 |
| Unrestricted funds | 12 | ||
| Unrestricted general | 2,092,685 | 1,983,422 | |
| Designated funds | 35,503 | 40,632 | |
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| 2,128,188 | 2,024,054 | ||
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| Total Charity Funds | 2,196,923 | 2,055,869 | |
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Trustees' Responsibilities
These financial statements were approved by the board of trustees and authorised for issue:
Colin James Mead
Name of Trustee:
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Signed on Behalf of the Trustees:
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─────────────────────────────────────────────────── 09/10/2024
Date of Approval:
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Croxley Green Baptist Church
Year Ended 31st December 2023
Notes to the Financial Statements
1 Accounting Policies
Basis of Preparation
The PCC is a public benefit entity within the meaning of FRS102. The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs, and with the Regulations' "true and fair view" provisions, it is also the first year that they have been prepared under FRS102 (2016) as the applicable accounting standards and the 2019 version of the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP(FRS102)).
Assessment of Going Concern
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
Fund Accounting
Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion, have set aside resources for a specific purpose.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or the term of specific appeal.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
Incoming Resources
All incoming resources are recognised once the charity has an entitlement to the resources, it is probable that the resources will be received, and the monetary value of incoming resources can be measured with sufficient reliability.
• All voluntary income from members of the church are recognised as donations and are included in full, with associated Gift Aid receivable in the Statement of Financial Activities.
• Grants, where entitlement is not conditional on the delivery of specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
• Income resources from charitable trading activities such as the letting of the building are accounted for when invoices are drawn up (as the point of entitlement).
• Donated services and facilities are included at the value to the charity where this can be quantified.
• Gifts in Kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised.
• Volunteer time, the value of voluntary support for the work of the church is not included in the accounts but is described in the Trustees Annual Report.
- Investment Income is included in the accounts when receivable.
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Croxley Green Baptist Church
Year Ended 31st December 2023
Notes to the Financial Statements
Resources Expended
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 accrual basis and has been classified under headings that aggregate all costs 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.
Governance Costs
Include costs of the preparation and examination of statutory accounts, the costs of the trustees' meetings and the cost of any legal advice to trustees on governance or constitutional matters.
Liability Recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Tangible Fixed Assets
All assets costing more than £750 are capitalised and at historic cost. Fixed assets are stated at cost less accumulated depreciation. Depreciation is charged on furniture and equipment which is written off on a straight-line basis over time and estimated useful life of the asset.
Buildings Not Depreciated Equipment 5 years straight-line Fixtures and Fittings 5 years straight-line
Pensions
The charity operates a defined contribution pension scheme. Contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules of the scheme.
Operating Leases
Rental charges payable under operating leases are charged on a straight-line basis over the terms of the lease.
Taxation
The charity is exempt from tax on its charitable activities.
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Croxley Green Baptist Church
Year Ended 31st December 2023
Notes to the Financial Statements
| **2 ** | Analysis of Income | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds |
||
| Funds | Funds | 2023 | ||
| £ | £ | £ | ||
| Donations and Legacies | ||||
| Donations | 114,346 | 250 | 114,596 | |
| Gift aid | 28,186 | - | 28,186 | |
| Legacy gifts | - | 38,907 | 38,907 | |
| Grants | - | 500 | 500 | |
| ────────── | ────────── | ────────── | ||
| 142,532 | 39,657 | 182,189 | ||
| Charitable Activities | ||||
| Events income | 679 | 6,954 | 7,633 | |
| Boys brigade | - | 1,607 | 1,607 | |
| Girls brigade | - | 1,426 | 1,426 | |
| Parish nurse | - | 10 | 10 | |
| Other income | 15 | - | 15 | |
| ────────── | ────────── | ────────── | ||
| 694 | 9,997 | 10,691 | ||
| Activities for Generating Income | ||||
| Rent of premises | 46,213 | - | 46,213 | |
| ────────── | ────────── | ────────── | ||
| 46,213 | - | 46,213 | ||
| Investment Income | ||||
| Interest | 9,859 | - | 9,859 | |
| ────────── | ────────── | ────────── | ||
| 9,859 | - | 9,859 | ||
| Other | ||||
| Other income | - | - | - | |
| Renew sparklers | - | 317 | 317 | |
| ────────── | ────────── | ────────── | ||
| - | 317 | 317 | ||
| ────────── | ────────── | ────────── | ||
| Total Income | 199,298 | 49,971 | 249,269 | |
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Croxley Green Baptist Church
Year Ended 31st December 2023
Notes to the Financial Statements
2[Analysis of Income ] [(Continued)]
| Analysis of Income(Continued) | |||
|---|---|---|---|
| Unrestricted | Restricted | Total Funds |
|
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Donations and Legacies | |||
| Donations | 129,339 | 648 | 129,987 |
| Gift aid | 29,314 | - | 29,314 |
| Legacy gifts | 5,000 | - | 5,000 |
| Grants | - | - | - |
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|
| 163,653 | 648 | 164,301 | |
| Charitable Activities | |||
| Events income | 773 | 7,034 | 7,807 |
| Boys brigade | - | 4,852 | 4,852 |
| Girls brigade | - | 1,003 | 1,003 |
| Parish nurse | - | - | - |
| Other income | 1,771 | - | 1,771 |
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|
| 2,544 | 12,889 | 15,433 | |
| Activities for Generating Income | |||
| Rent of premises | 23,985 | - | 23,985 |
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|
| 23,985 | - | 23,985 | |
| Investment Income | |||
| Interest | 3,304 | - | 3,304 |
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|
| 3,304 | - | 3,304 | |
| Other | |||
| Other income | - | 3,116 | 3,116 |
| Renew sparklers | - | - | - |
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| - | 3,116 | 3,116 | |
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| Total Income | 193,486 | 16,653 | 210,139 |
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Croxley Green Baptist Church
Year Ended 31st December 2023
Notes to the Financial Statements
3 Expenditure on Charitable Activities by Fund Type
| Unrestricted | Restricted | Total Funds |
|
|---|---|---|---|
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Boys brigade | - | 2,324 | 2,324 |
| Church premises | 23,512 | 500 | 24,012 |
| Depreciation | 1,865 | - | 1,865 |
| Equipment purchased | - | - | - |
| Empolyment costs | 4,916 | - | 4,916 |
| Girls brigade | - | 204 | 204 |
| Legacy food | - | 4,258 | 4,258 |
| Management & admin | 3,963 | - | 3,963 |
| Manses | 24,104 | - | 24,104 |
| Ministers | 5,669 | - | 5,669 |
| Ministry: Training and development | 946 | - | 946 |
| Mission: Child & youth | 220 | - | 220 |
| Mission: Events | 716 | 5,465 | 6,181 |
| Mission: Giving | 22,928 | 10 | 22,938 |
| Mission: Pastoral | 63 | - | 63 |
| Mission: Services & fellowship | 3,915 | - | 3,915 |
| Mission: Youth work | 272 | 255 | 527 |
| Parish nurse | - | 2,010 | 2,010 |
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| 93,089 | 15,026 | 108,115 | |
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|
| Unrestricted | Restricted | Total Funds |
|
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Boys brigade | - | 2,071 | 2,071 |
| Church premises | 19,292 | - | 19,292 |
| Equipment purchased | - | 4,442 | 4,442 |
| Empolyment costs | 55,858 | - | 55,858 |
| Girls brigade | - | 1,294 | 1,294 |
| Legacy food | - | - | - |
| Management & admin | 3,139 | - | 3,139 |
| Manses | 38,357 | - | 38,357 |
| Ministers | 4,199 | - | 4,199 |
| Ministry: Training and development | 899 | - | 899 |
| Mission: Child & youth | 6 | - | 6 |
| Mission: Events | 529 | 8,785 | 9,315 |
| Mission: Giving | 17,413 | 3,116 | 20,529 |
| Mission: Pastoral | - | - | - |
| Mission: Services & fellowship | 3,075 | 172 | 3,247 |
| Mission: Youth work | 323 | 1,305 | 1,628 |
| Parish nurse | - | 1,000 | 1,000 |
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| 143,090 | 22,186 | 165,276 | |
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Croxley Green Baptist Church
Year Ended 31st December 2023
Notes to the Financial Statements
4 Grants Payable
For the year ending December 2023 grants were given to the following institutions from the general fund, the designated bible fund and the restricted parish nurse fund . There were no support costs associated with this grant-making.
| 2023 | |
|---|---|
| £ | |
| BMS | 11,216 |
| BUGB Home Mission | 2,877 |
| European Christian Mission | 1,573 |
| Ivy Street Family Centre Hoxton | 526 |
| Mill End Community Trust - Rickmansworth Foodbank | 659 |
| Parish Nurse Churches Together initiative | 2,010 |
| Spurgeons | 220 |
| Watford and Three Rivers Refugee Partnership | 3,816 |
| Watford Schools Trust | 2,051 |
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| 24,948 | |
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5 Volunteers
The church benefits greatly from the voluntary contributions of time and money by its formal members and regular attendees. Please refer to the trustee's report for further details about volunteer contributions to the organisation.
6 Independent Examination Fees
| Fees payable to the independent examiner for | 2023 |
|---|---|
| £ | |
| Independent examination and preparation of the financial | 1,320 |
| statements |
7 Staff Costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
| 2023 | 2022 | |
|---|---|---|
| £ | ||
| Wages and salaries | 4,610 | 33,752 |
| Social security costs | - | - |
| Employer contributions to pension plans | 12 | 22,105 |
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| 4,622 | 55,857 | |
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16
Croxley Green Baptist Church
Year Ended 31st December 2023
Notes to the Financial Statements
Staff Costs Cont.
The average headcount of employees during the year was as follows:
| 2023 | 2022 | |
|---|---|---|
| Average Headcount | - | 3 |
Number of employees that received employee benefits of more than £60,000 during the year was as follows:
follows: |
||
|---|---|---|
| 2023 | 2022 | |
| More than £60,000 | - | - |
Key Management Personnel
The charity considers its key management personnel to be the Church Officers, Secretary Treasurer, the Trustees (Deacons) and Ministers.
8 Trustee Remuneration, Expenses and Donations
None of the trustees has been paid any remuneration or received any other benefits from employment with the church.
During the year, 8 trustees incurred out-of-pocked expenses totalling £6,982 which were all incurred for the day to day running of the charity's activities. The types of expenditure include day-to-day church running costs, church maintesnance and repair, travel costs, running of the Boys Brigade group and other charitable activity expenditures.
During the year the total aggregated donations made to the charity by the trustees and associated related parties during the year was £25,861.
17
Croxley Green Baptist Church
Year Ended 31st December 2023
Notes to the Financial Statements
9 Tangible Fixed Assets
| Equipment & | |||
|---|---|---|---|
| Fixtures and | |||
| Buildings | Fittings | Total | |
| £ | £ | ||
| Cost as at 1st January 2023 | 1,800,000 | 4,556 | 1,804,556 |
| Additions | - | 4,770 | 4,770 |
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|
| Cost as at 31st December 2023 | 1,800,000 | 9,326 | 1,809,326 |
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|
| Depreciation as at 1st January 2023 | - | 911 | 911 |
| Depreciation charge | - | 1,865 | 1,865 |
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|
| Depreciation as at 31st December 2023 | - | 2,776 | 2,776 |
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|
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|
| Net book value as at 31st December 2023 | 1,800,000 | 6,550 | 1,806,550 |
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|
| Net book value as at 31st December 2022 | 1,800,000 | 3,645 | 1,803,645 |
Valuations on 165 Balwins Lane, 36 Lewes Way and 214a Watford Road were renewed on the 9th September 2024 by an independent valuer, Grosvenor Estate Agents.
10 Debtors
| Debtors | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Accounts receivable | 2,316 | 4,941 |
| Prepayments | 4,197 | 3,864 |
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|
| 6,513 | 8,805 | |
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|
| Creditors: Amounts falling due within one year | ||
| 2023 | 2022 | |
| £ | £ | |
| Accruals | 164 | - |
| Trade creditors | 1,320 | - |
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|
| 1,484 | - | |
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11 Creditors: Amounts falling due within one year
18
Croxley Green Baptist Church
Year Ended 31st December 2023
Notes to the Financial Statements
12 Analysis of Charitable Funds
Unrestricted Funds
| Unrestricted Funds | ||||||
|---|---|---|---|---|---|---|
| 1 Jan 2023 | Income | Expenditure | Gains/Loses | Transfers | 31 Dec 2023 | |
| £ | £ | £ | £ | £ | £ | |
| Unrestricted | ||||||
| General | 158,060 | 199,298 | (84,315) | - | (5,720) | 267,323 |
| Legacy | 25,362 | - | - | - | - | 25,362 |
| Buildings | 1,800,000 | - | - | - | - | 1,800,000 |
| Designated | ||||||
| Bible fund | 1,665 | - | (1,665) | - | - | - |
| Eco church | 235 | - | (86) | - | - | 149 |
| Ministry training & development |
8,445 | - | (946) | - | - | 7,499 |
| Property repairs | 30,287 | - | (6,077) | - | 3,645 | 27,855 |
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|
| Total Unrestricted | 2,024,054 | 199,298 | (93,089) | - | (2,075) | 2,128,188 |
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|
| Restricted Funds | ||||||
| Boys brigade | 4,135 | 1,607 | (2,324) | - | 75 | 3,493 |
| Bible reading & books | 541 | - | (10) | - | - | 531 |
| Endowment fund | 9,894 | - | - | - | - | 9,894 |
| Girls brigade | 375 | 1,426 | (204) | - | - | 1,597 |
| Holiday at home | 2,316 | - | - | - | - | 2,316 |
| Legacy food | - | 38,907 | (4,258) | - | - | 34,649 |
| Parish nurse | - | 10 | (2,010) | - | 2,000 | - |
| Quench | 600 | - | (255) | - | - | 345 |
| Renew group | 8,639 | 7,054 | (5,465) | - | - | 10,228 |
| Renew sparklers | 1,095 | 317 | - | - | - | 1,412 |
| SOLO's | 145 | 50 | - | - | - | 195 |
| Technical fund | 4,075 | - | - | - | - | 4,075 |
| Warm winter space | - | 500 | (500) | - | - | - |
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|
| Total | 31,815 | 49,871 | (15,026) | - | 2,075 | 68,735 |
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|
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|
| Total Funds | 2,055,869 | 249,169 | (108,115) | - | - | 2,196,923 |
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19
Croxley Green Baptist Church
Year Ended 31st December 2023
Notes to the Financial Statements
Analysis of Charitable Funds cont.
Unrestricted Funds
| Unrestricted Funds | ||||||
|---|---|---|---|---|---|---|
| 1 Jan 2022 | Income | Expenditure | Gains/Loses | Transfers | 31 Dec 2022 | |
| £ | £ | £ | £ | £ | £ | |
| Unrestricted | ||||||
| General | 112,868 | 183,263 | (136,898) | - | (1,172) | 158,060 |
| Legacy | 20,362 | 5,000 | - | - | - | 25,362 |
| Buildings | 1,800,000 | - | - | - | - | 1,800,000 |
| Designated | ||||||
| Bible fund | 1,751 | - | (86) | - | - | 1,665 |
| Eco church | 86 | 161 | (13) | - | - | 235 |
| Ministry training & development |
9,344 | - | (899) | - | - | 8,445 |
| Property repairs | 30,417 | 5,064 | (5,194) | - | - | 30,287 |
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|
| Total Unrestricted | 1,974,828 | 193,488 | (143,090) | - | (1,172) | 2,024,054 |
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|
| Restricted Funds | ||||||
| Boys brigade | 1,353 | 4,852 | (2,071) | - | - | 4,135 |
| Bible reading & books | 541 | - | - | - | - | 541 |
| Edge youth | - | - | (172) | - | 172 | - |
| Endowment fund | 9,894 | - | - | - | - | 9,894 |
| Gifts | - | 3,116 | (3,116) | - | - | - |
| Girls brigade | 666 | 1,003 | (1,294) | - | - | 375 |
| Holiday at home | 2,316 | - | - | - | - | 2,316 |
| Parish nurse | - | - | (1,000) | - | 1,000 | - |
| Quench | 1,261 | 644 | (1,305) | - | - | 600 |
| Renew group | 10,817 | 6,607 | (8,785) | - | - | 8,639 |
| Renew sparklers | 884 | 375 | (165) | - | - | 1,095 |
| SOLO's | 90 | 55 | - | - | - | 145 |
| Technical fund | 8,352 | - | (4,277) | - | - | 4,075 |
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|
| Total | 36,175 | 16,652 | (22,186) | - | 1,172 | 31,815 |
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|
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|
| Total Funds | 2,011,002 | 210,140 | (165,276) | - | - | 2,055,869 |
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20
Croxley Green Baptist Church
Year Ended 31st December 2023
Notes to the Financial Statements
Fund Transfers
Fund transfers to the Parish Nurse fund are to cover the grant made towards the Parish Nurse Churches Together initiative.
Fund Descriptions
Designated Funds
Bible fund Eco church Ministry training & development Property repairs
Funds held to distribute bibles to the local community Funds held to support the church working as an Eco Church Funds held for Ministers training and development
Funds held for repairs to church property
Restricted Funds
Boys brigade Bible reading & books
Edge youth Endowment fund
Girls brigade Holiday at home Legacy food Parish nurse
Quench Renew group
Renew sparklers SOLO's Technical fund
Warm winter space
Funds held for Boy Brigade Children's group Funds held for bibles and bible reading notes for anyone that requires them in the church. Funds held for youth work in the church. Money held in trust by the BUC was left from when a local building was closed down. Church Members agree on any expenditure.
Funds held for Boy Brigade Children's group Funds held for senior people days out and events.g y g p and the elderly at CGBC and the drop-in centre for the local community.
A local churches together initiative to fund a nurse in the parish, we have contributed grants towards the initiative.
Funds held for youth work in the church.
Funds held for a group that grew from lockdown where lunch is provided to an open house style gathering on a Thursday. Funds held for our baby and toddler group on a Tuesday morning. Funds held for an elderly people group that meets once a month for community, tea and cakes. Funds held for maintenance and renewal of technical systems in the church.
A fund created for the Warm spaces grant, to provide a warm space in the church for the local community
21
Croxley Green Baptist Church
Year Ended 31st December 2023
Notes to the Financial Statements
13 Analysis of Net Assets Between Funds
| Unrestricted | Restricted | Total |
|
|---|---|---|---|
| Funds | Funds | Funds 2023 | |
| £ | £ | £ | |
| Fixed assets | 1,806,550 | - | 1,806,550 |
| Current assets | 323,123 | 68,735 | 391,858 |
| Creditors less than 1 year | (1,484) | - | (1,484) |
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|
| 2,128,188 | 68,735 | 2,196,923 | |
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|
| Unrestricted | Restricted | Total Funds |
|
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Fixed assets | 1,803,645 | - | 1,803,645 |
| Current assets | 220,410 | 31,815 | 252,224 |
| Creditors less than 1 year | - | - | - |
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|
| 2,024,054 | 31,815 | 2,055,869 | |
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14 Related Party Transactions
For three months of the year James Baldwin a close family member of trustee Joanna Baldwin was employed by the charity. The total remuneration paid to James including employers' pensions and employers' national insurance was £2,941.
22