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2020-12-31-accounts

Trusteeg Annual Re ort For the erlod from l Janua 2020 to 31" December 2020 Cosharn Baptist Church Charlty Number . 1126959 Reglstefed Address: Cosham Baptlst Church 48 Havant Road Cosham Portsmouth Hampshire P02 6QZ Trustee Narne Office Irf any) Dates acted if not Name of person lor body) entitled to appoint Trustee (If any) whole year Wayne Dulson Mlnistef Church Members Slmon Ford Mlnlster Church members Rkhard Brooks Secretary Church members Kevln Tutte Treasurer Church members Joy Chester Reslgned 1313120 Church members Sam Amponsah Church members Fran Barnes Church members Ekua Mi11541obertson Reslgned 7nno Church members Gill Parmee Chuf¢h members Jerilyn Swaffer Church members Katherine Taylor Church members Sunny Onuh Church members David Evans Church Members

PropertyTrustees: The Baptist Union Corporation Limited Baptist House 129 Broadway Didcot Oxfordshire OXII 8RT Independent Examiner Mr Graham Woodyet Strutture. Governan￿ and Managernent Cosham Baptist Church is a tharitable unincorp)rated association govemed by its constttutional {approved governing) documents. The thurch is a member of the Baptist Union of Great Britsin IBUGBI and of the Southern Counties Baptist Association ISCBAI and supports the activities and funds of both these. thurch Membership is open to all who: Accept the beltefs of the church; Meet the thurch's qualification on Baptism- Commit themselves to semng Christ within the church and beyond: Abide by the decisions of the Church Memberg Meetin& Acknowledge their responsibilities as church member5: Have their membership applicatson acopted by the Church Memberf Meeting The usual mode of entry into church membership is following baptism by immersion upon personal profession of faith. However Cosham Baptist Church has an open membership wJliLry, so that persons seeking membership who have not been baptised in the manner described may at the discretion of the of the Church Members, Meeting be occepted into full membership based on their own public profession of faith. Minister5 (who are also Trustees) are called {elertedl by a majority vote of church rnembers and serve until they resign or are voted out by church members at an extraordinary church members, meeting. Church Deacons Iwho are also Trustees) are elected from the church members by secret

ballot at the church's Annual General Meeting and serve for three year periods before needin8 re- election. All new Trustees are given a copy of the Charity Commissioners current leaflevguide on bein8 a charity trustee and relevant BUGBISCBA guidance. They are entitled should they wish to attend a training day at the church's expense to further clarify their knowled8e. The Trustees meet once per month to review the artivities of the chtsrch and make decisions regarding the churth's activities. Ordinary Church Members, Meet5n8s are held at regular Interrfals on not less than four occasions In any calendar year and nomially bimonthly. These are an opportunty to consider and review routine matters assoclated wlth the lrfe of the Church induding issues related to church membership. One Ordlnary Church members meeting each year includes the Annual Churth members meetin8 for the church mernbers to receive annual accounts and reports. to appolnt Audltor5 or Independent Exarniner5 and to consider proposals for the Strnte￿ and vision of the church in the coming year. An Extraordinary (Speciall Church members, Meetlng can be con¥*ned when necessary to consider the appolntment or dismissal of a Minister. matters related to the Pufchase, sale, lease, mortgage or redevelopment of thurch property or matters considered ￿ the Charity Trustees to be of sufficient importance to requlre the callln8 of a Speclal members, Meetln8. hl Pandem Although the Trustees have been able to meet using a video conferencing facility. holding regular Meetlngs for the Church Membershlp to attend in person have been prohibited due to Government restrlttlons. By usln8 the attendano Ilsts from prevlous Members Meetlngs and knowledge of whlch Members doldo not have access to Internet vldeo conferendng fadlttles. the Trustees were aware that less than IO% of the Members Ilkely to attend a Members Meetin8 would be disbaffed Sf meetings were held only uslng an internet VIde￿COnferencin8 facility. The Trustees therefore dkl hold video conferencing meetings to be able to communicate with the membership and invitin8 feedback. Although important decisions (except one- see below) where Church Members would be needed to vote have not been needed. Attendance at these on-line video-conferencing meeting has been higher than the corresponding in- person meetin8s in the Churth Buildin8s and the Trustees will have to look at how it conducts these events in the future. The one important decision was the electlon of TrusteeslDeacons for the year 2021. The Electlons of new Deacons was achieved by uslng a combtnallon of postsl votlng for those wlthout an Internet connectlon and an on-llne voting application. The number of people voting for the new Deaconnrustees wa5 almost twice the usual number. Again the Trustee5 will have to look to see if this would be a better method to use to determine the will of the Members in the future.

Summary of the Objects of the Charfty set out In the Governlng document: The principle purpose of the Church is the advancement of the Christian faith according to the principals of the Baptist denomination. The Church may also advance education and carry out other charitable purposes in the United Kingdom andlor other parts of the world. Summary of the maln actlvltie5 undertaken for the publlc benefft lft relatlon to these objects: FulfillinE the purpose5, the church normalfy engages in a range of actÈvities including: Regular public worship. prayer, Bible study, preaching and teaching Baptism as defined in the Baptist Union's Declaration of Principle. The Communion of the Lord's Supper which will normally be observed at least once a month. Evangelism and mission locally, regionally, nationally and internationallv. The Teachin& encouragement, welcome and inclusion of young people. The nurture and growth of Christian Distiples Education and training for Christian and community services Giving pastoral care and encouraging others to do likewise Supporting and encouraging charitable action in the UK and abroad Encouraging relationship5 With other Baptist churche5. Other denominational churches and Christians in general Summary of the maln achlevements of the charity durlng 2020 2020 has been the strangest of years. We began the year with a small team from Church travelling to India to visit the Harvest India Mission but si)on after the COVID crisis happened, and the Church had to follow the Government's social distsncing regulations and regular Church activities had to initially cease and then change to be able to continue. One Sunday Mornin& we did a live broadcast from the Chapel over the internet. but it became obvious that we had neither the internet bandwidth nor the necessary technology to be able to do this every week. We therefore switched to broadcasting a pre-recorded seNice each Sunday Morning. Thank you to the Techno5ogy Team who had to rapidly had to learn how to splice together different segments, recorded on various different devites. into a single coherent service; balancing the sound, adding Bible reading & song words and load for release to the various plarforms. Thank you also to the many Church Members who recorded short segments to be used in the Services. We expanded the number of internet platforms that this was available on. to try to rnake sure that most people could watch it either on a Sunday Morning or at later durin8 the week without interruptions. We also added a local telephone number so that those without an internet connection to listen to the service. We also set up prayer meetings & Bible studies by purthasing tsvo licences for a video conferencing facility IZOOM).

Because of the lack of internet broadband capability at the Church. we had lengthy negotiations with internet/telephone providers and switched our supplier and had to install a new phone line to the Church to be able to have an adequate broadband capability. During this time. the Trustees took advice from the GovernmenL The Health & Safety Executive and Baptist Together (The Baptist Union) on how to Safely operate the Church and we are grateful for the advice that they have given us. The over riding prlority for the Trustees was to keep everyone as safe as we reasonably Could and èlthough the Government regulations relaxed, following a poll of the G)ngregation. althou8h everyone hoped to return to the Chapel for live services as soon as possible. only a minority were artually willing to do so and so we decided to prioritise and continue with the on-line pre-recorded servites. We also made these pre-recorded services available for people to vw at a later date. The Trustees coutd see that these Servi￿ were being viewed on a Sunday Morntng by a sirnilar number of people as would normally attend in perwn on a Sunday Morning Service in the Chapel. We also became aware that many Peop￿ were watchin8 these pre-recorded sef¥iW either who We￿ i) not a regular attendee at a Sunday Mornin8 servi￿ at the chapel or ill were watchin8 It kter in the week at a time more convenient for them. Although the Church had to cease the rentsl of rooms to external or8anizations (other local charities, local support groups and the NHS etc } because of Govemrnent Restrictions. the Church intends to offer these fxilit￿S OfKe Govemrnent restrirtion allow and the Trustees Consider It Is safe to do so. During the year the church partnered with Hope Into ALtTron and are sUPPOrtin8 a refugee famlly who have moved into a house in the nei8hbourhood. Flnan¢lal Revlew 2020 Our overall income for the year l January 2020 to 31 December 2020 was £178,993 balanced a8ainst an expenditure of £201,812, resultin8 in a defKit o¥er the yeaT of £22.819. Both our income and expenditure thls year We￿ snificantty impacted ty the restrictions to our activltles caused by the CovKI-19 Pandernic The main Sour￿ of income for the church remained the 8enerous voluntary giving of its members. Most of this ume frorn re8ular standing orders which amounted to £104,584 over the year. a decrease of £l.(MX) on the previous year. Churth collection5 were signifKantly affected because of our inability to run Sunday services due to the pandemic. Some members gave instead by bank transfer or cheque and several generous donations were received. Despite this, our income from church collections and sundry donations fell by £3,5LKI to £29.101. The reduction in glving meant that we were onty able to claim £25.670 in Gift Aid, a redurtion of £1,550. We were unable to hire our building5 to external organisations after March which resulted in our incorne from this source being only £5,376. a decrease of £18.598. In an effort to minimise our out8oin85. we reviewed Ouf Budget for the year. the financlal controls over spendin& cancelled unnecessary expenditures {e8 p￿miseS deaningl and we did furlough one

member of our administration team and claimed £2,710 under the government Job Retention Scheme. In January and Februaryi we Completed work on the kitchen and floor of the new manse resulting in an expenditure of £17,107. Most of the funds for this were already earmarked from the appeal v had had in 2018 to enable the purchase of the new manse. The curtailment of many church artivities and in particular the reduction in church cleaning and utility bills resulting from tlosure meant that our expenditure was reduced, although there were some additional costs related to moving some of our activities on-line. These induded the necessary Copyright licences and technolo8y upgrades for the pre-recording of a seryice to be shown over the internet on a Sunday Morning because the Church buildings were either closed or under Government restrirtions. Overall expenditure including the manse refurbishments and Children, Youth and Families was £201,812. Additionally. we repaid £8,081 on our loan to purchase the manse. This does not count a5 expenditure but does reduce our cash in hand by this amount. The Children. Youth and Famllles organlsations operate a separate bank account, but their overall accounts are integrated within the main church account. Overall incorne from these organisations in 2020 was £5,490 mainly from fees paid by parents for their children to attend the various after school clubs and Music Makers. Expenditure was £6,755. much reduced on a nofmal year because so many of their activities were prevented from happening. These figure5 are included in the general accounts quoted above. As of the 31st of December 2020, we had £51,786 in our General Fund. There was £12,274 in the fund designated for Children, Youth and Families and £1,988 in the Bethany Fund which works with senior citizens. The Fellowship fund retained £l,l)01 and there was £815 set aside for the Hope into Action House (to support a refugee family living in a local house). We had £2,827 remaining from money raised in December to enable the repatriation of the body of one ofourchurch members to her home country of Zimbabwe. Once we can be sure that all the funeral expenses have been met. the remaining money will be contributed to the Motherfs Union, her preferred charity. Taking this all into account, we have £54,776 of funds available for Reserves. This figure gradually reduced during the year as the loss of income from Sunday Morning Se￿iCe Offerings & Room Rental was greater than the savings we could make in Expenditure each month. Brief Ststemert of the Cha s Poli on Reserves The Trustees have agreed that our policy on Reserves would remain unthanged at a reserve target of £45,OIN). This would be sufficient to enable a controlled closure over a period of three months in the event of a sudden complete cessation of income. Although we would need to give some members of staff more than three months, notice, the Trustees considered that a sudden complete cessation of income was an unlikely scenario. It would be more likely that there would be a gradual loss of income and. in these circumstances, reserves would be needed to give us time to tailor our spending to the new circumstsnces. The other risks which we had anticipated might require use of our reserves were unexpected problerns wrth the building requiring urgent work to make it safe or a requirement for significont unexperted expenditure. The current Pandemic Emergency was of

course unforeseen. but would certainly qualify as one of the contingencies for which the reserves are set asidel Currently. even without counting the funds in the Children, Youth and Families account. we have £54.776 available. Consequently we have not yet had to draw on our reserves although the Trustees are aware that we may have to do so in 2021 as the Pandemic Emergency continues. We have redU￿d our expenditure as much as possible, but we are aware that, as we attempt to return to a more normal level of artivity during the coming year, expenditure is likely to increase before income and so there may be a need to draw on our reserves. The Trustees monitor the financial situation (including the level of ReSe￿e$l every month and will take action as needed to ensure that the charity remains viable and so the Trustee5 are confident that it can meet its financial commitments, & invoices. The Church voted at a video conferencing meeting that Mr Graham Woodyet should be re- appointed as External Examiner for the 2020 Accounts. Declaratio The Trustees have read the Charity Commission's guidance on Public Benefit and have taken regard of this in making decisions relating to the running of the charity. They are satisfied that the activities described above are consistent with our declared Purpose and provide benefrt to the public. The trustees declare that they have approved the trustees. report above. SiBned on behalf of the charity's trustees: Si8nature: Signature: Richard Brooks {Church Secretary) Kevin Tutte (Church Treasurer) Date- i? SO z6EI Date 171112&YZI

Cosham Baptist Church

Balance Sheet detailed

31/12/2020
31/12/2019
As at
As at
Fixed assets
1401: The Link Centre
1408: Church Manse 176 Hawthorn Crescent
Total Fixed assets
Current assets
1500: CAF Gold Savings Account
1501: Portman current a/c
1502: Barclays Bank current a/c
1503: Portman deposit a/c 1
1504: Church Weekend Account
1506: Petty Cash
1511: Year End Debtors
1512: CYF Lloyds
1513: CYF PayPal
1514: CAF Current Account
Z05: Accounts Receivable
Total Current assets
Liabilities
1611: Un-cleared cheques at year-end
1612: SCBA Development Loan
1613: Particular Baptist Fund Loan
1614: Baptist Union Corporation Loan
1615: Baptist Building Fund Loan
6699: Agency collections
Z04: Accounts Payable
Total Liabilities
Net Asset surplus (deficit)
Reserves
Excess / (deficit) to date
Z01: Starting balances
Total Reserves
513,916.29
513,916.29
285,000.00
285,000.00
798,916.29
798,916.29
33,464.56
71,228.28


19,925.29
15,097.04




56.08
56.08
3,631.48

12,270.83
15,242.49
3.37
1,392.07
5,223.76
1,635.17
3,687.26
4,498.87
78,262.63
109,150.00






184,907.03
192,988.90


2,917.00

881.68
3,785.75
188,705.71
196,774.65
688,473.21
711,291.64
(22,818.43)
(500.23)
711,291.64
711,791.87
688,473.21
711,291.64

11 September 2021

Page 1

As at As at 31/12/2020 31/12/2019

612,285.11
Unrestricted
631,769.29
15,264.50
Designated
19,402.84
60,923.60
Restricted
60,119.51

Endowment

Represented by Funds
688,473.21
711,291.64
Total

11 September 2021

Page 2

Cosham Baptist Church

Analysis of income and expenditure Selected period: 01 January 2020 to 31 December 2020

Total
Unrestricted Designated Restricted Endowment This year Last year
Income and endowments
Donations and legacies
1101 - Standing Orders 104,584 104,584 105,577
1103 - Gift Aid and GASDS received 25,670 25,670 27,220
1104 - Sunday school "Snail" collect
1105 - Church collections 29,101 29,101 54,177
1107 - Covenanted giving
1108 - Youth Account
1114 - Fellowship Fund Donations 210 150 360 360
1132 - African Bible Translators
1133 - TEAR Fund offerings
1134 - BMS Birthday Scheme 530
1135 - General Mission Giving 300 300 725
1139 - Harvest India
1140 - Phatfish
1141 - Simons Sabbatical Donations
1144 - Chris Tutte Training
1145 - Vanessa Music Makers Family 2,280 2,280 2,550
Project
1146 - Hope into Action House 1,595 1,595
1173 - Grants received 2,710 2,710
1174 - Legacies and Church
Development
1175 - Thanksgiving Gift Days
1176 - Manse Purchase and Church 11
Development fu
1177 - Church Weekend Receipts
1178 - Transfer of CYF Account to
Finance Co-Or
1184 - CYF Sundry donations 4 4 1,665
1186 - CYF General Income 791 791 464
Donations and legacies Totals 164,857 945 1,595 167,397 193,281
Income from charitable activities
1110 - Wedding and funeral fees 278
1117 - Photocopier donations 22 22 75
1180 - CYF Music Maker Attendance 3,831 3,831 12,067
Fees
1181 - CYF Payments for 293 293 1,826
Children/Youth Clubs
1182 - CYF Payments for Activities, 530 530 4,981
Events, Wee
1183 - CYF Payments for football team
1185 - CD MM Project 40 40 22
1187 - Adult Ministries 30
Income from charitable activities 22 4,695 4,718 19,281
Totals
Other trading activities
1112 - Book stall sales
1113 - Hall lettings 5,376 5,376 23,974
1171 - Fund raising income
1172 - Appeals

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

11 September 2021 Page 1

Total
Unrestricted Designated Restricted Endowment This year Last year
Other trading activities Totals 5,376 5,376 23,974
Investments
1121 - Interest received 36 36 76
Investments Totals 36 36 76
Other income
1106 - Sundry donations 533 533 450
1109 - PCC
1115 - Refunds 473 473 454
1116 - Bethany Care 164 164 1,698
1131 - Feed in Tariff from Solar Panels 294 294 349
1179 - CAST
Other income Totals 1,301 164 1,465 2,952
Income and endowments 171,594 5,804 1,595 178,993 239,566
Grand totals
Expenditure
Costs of generating funds
1340 - Baptist Building Loan
1360 - Phatfish
1368 - Training 2,040 2,040 876
1364 - Simon's long service 4,880
renumeration
Costs of generating funds Totals 2,040 2,040 5,756
Expenditure on charitable activities
1300 - Car Expenses 98
1301 - Salaries & Expenses 83,197 83,197 86,253
1302 - NI employer and employee 9,568 9,568 11,646
1303 - Pension Contributions 13,987 13,987 10,736
1304 - Tax 7,395 7,395 8,877
1305 - Guests Speakers Fees 487 487 1,177
1306 - Fellowship Support Fund 119 119 64
1307 - Simon Heating allowance 159 159 159
1308 - Wayne Heating allowance
1309 - Simon Book Allowance 370 370 191
1310 - Jim Book Allowance
1311 - Resource Centre & Literature 505
1312 - IT and AV Equipment 931 931 1,074
1313 - Mission Outreach (+Alpha) 250 250 989
1315 - Children and Families Work 331 331 449
1316 - Youth 51
1317 - Music and Worship 76 76 626
1318 - Floral/Banner Display 7 7 25
1319 - Catering and Kitchen supplies 698 698 1,432
1320 - Bookstall expenses
1321 - Administrator's Salary & Exps
1322 - Fees/Del Exps/Licences 4,436 4,436 3,749
1323 - Stationery, office supplies, 162 162 631
publicity
1324 - Photocopier Costs 1,469 1,469 1,328
1325 - Telephone & Internet 637 637 483
1326 - CBC Non-Domestic Rates
1327 - Insurances 3,942 3,942 3,977

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

11 September 2021 Page 2

Total
Unrestricted Designated Restricted Endowment This year Last year
1328 - Heating/light/water 5,459 5,459 9,808
1329 - Office Equipment 19
1330 - Bethany care Expenses 1,282
1331 - Repairs and renewals 5,077 5,077 12,431
1332 - Cleaning 3,372 3,372 13,297
1333 - Church Development
1334 - Church Dev Loan Repayment
1335 - Alarm & Security 906 906 1,595
1336 - Particular Baptist Fund repaym
1337 - SCBA Loan repayment
1338 - BU Corp Loan repayment 6,111 6,111 6,499
1339 - Baptist Building Fund repaymen
1341 - BMS 8,616 8,616 8,616
1342 - BMS Birthday Scheme 530
1343 - Home Mission 8,496 1,000 9,496 8,496
1344 - Church of the Year Donation
1345 - Spurgeon's College Donations
1346 - Other Mission Giving 180 1,970 2,150 805
1347 - Solent Youth for Christ
1348 - African Bible Translators
1349 - Tim and Hannah Flatman 600 600 600
Mission support
1350 - Partners in Mission
1351 - BU subscriptions 832
1352 - TEAR Fund donations
1353 - Evangelical Alliance Subscript 220
1354 - Prior support to AIM Intl
1355 - Hannah Mills
1356 - Tracey Ansell
1357 - Tony Campolo
1358 - Harvest India Expenses
1359 - Portsmouth Food Bank 240 240 240
1361 - Bank charges 124 124 68
1362 - Church Weekend
1363 - Manse/Relocation Fund 17,107 17,107 10,430
1366 - Kevin Mills - Spurgeons College
1367 - Sarah Thomas - Moorlands
College
1369 - Music Makers Family Project 3,525 3,525 4,673
1371 - Legal fees
1372 - Architects fees
1373 - Hope into Action House 779 779
1381 - Deprec - office eqpt
1382 - CYF Activities, venue hire, 80 80 2,946
events ticke
1383 - CYF Love gifts
1384 - CYF Mission giving 1,398 1,398 1,344
1385 - CYF Computer, software, 405 405 125
websites
1386 - CYF resources, props, 2,029 2,029 6,346
decorations
1387 - CYF food and catering 733 733 4,622
1388 - CYF Football team expenses
1389 - CYF Insurance
1390 - CYF Transport costs 794
1391 - CYF Ministerial expenses
1392 - CYF Visiting Speakers
1393 - CYF Music Maker Project 27 27 15
1394 - CYF Stationery and publicity 313 313 159
1395 - CYF Sundries 23 23 1,278
1396 - CYF General Expenses 1,717 1,717 547
1397 - CYF
1398 - CYF PaylPal fees 26 26 106
1399 - CAST expenses and equipment 10 10 37

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

11 September 2021 Page 3

Total
Unrestricted Designated Restricted Endowment This year Last year
1400 - Wayne Dulson Heating 159 159 119
allowance
1701 - Wayne Dulson Book allowance 21 21 96
Expenditure on charitable 188,107 9,845 790 198,744 233,517
activities Totals
Other expenditure
1314 - Sundry Items 917 917 793
1365 - Health and Safety 110 110
Other expenditure Totals 1,028 1,028 793
Expenditure Grand totals 191,176 9,845 790 201,812 240,067

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

11 September 2021 Page 4

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF COSHAM BAPTIST CHtSRCH I am reporting on the ￿ll￿ts ofthe Trnst for the year ended 31 December 2020, which show an ¢xces5 of expenditure over in¢ome for the year of £22,818 and net assets of £688,473. The charity's trustees are responsible for the preparation of the accounts. The Trustees consider that an audit is not required and have elected that the accounts for the year should be examin¢d by an Inde￿ndent ExaEniner rather than be 5ubj¢¢t to Audit. Responsibilities ofthe Trustees and the Independent Examiner It 15 my responsibility as the Indep¢ndent Eyaminer to examine the accounts under the provisions of the Charities Act l993 and retxirt whether there are any matters which have c4)me to my attention. B&8is of IndepeDdeDt Examiner'8 Report My examination in¢luded a review of the systems in place for controlling income and ¢wnditure a review of thc accounting r¢cords comparison of the accounts on which I am reporting with those records seekin8 explanations from the trustees concerning Tnatters disclos¢d in the accounts. The procedures undertaken do not provide all of the evidence which would be requiT¢d in an audit. Consequently I do not cxpress an audit opinion on the vtew shown by the accounts. Independent Examiner's statement to the Trnstees During the Course of my review no Matte￿ have come to my attention which give m¢ Cause to believe that the requirements to keep accounting record5 and prepar¢ accowits which comply with those records have not been met. Other Comments I would draw the attentlon of the Ttwst¢es to the following key matters in th¢ awounts: The principal asset on the Balance Sheet of the Trust is the Link Centre property which has an aCCum￿lated capitslised cost of £513,916. 1 have not enquired into the current value of this property aE]d no fornlal valuation has be¢n undertaken of the property. For the purposes of this report I have assumed its present value to be no less than its cost. Graham w0￿￿yet Independent Examiner 23 August 2021