Name of the Charity : Mutley Baptist Church
Charity registration number : 1127079
Registered Address : Mutley Plain Plymouth PL4 6LB
Trustees: Rev N Lear (Minister) Mr M Bailey (Church Secretary) Mr J Dawes Mr T Frost Dr A Gaston Mr T Provost Mrs P Shelmerdine Mrs J Sutton – retired 31/12/2022 at the end of her 3-year term Mrs M Tollins (resigned 1 May 2023)
Property Trustees : The South West Baptist Trust Corporation Wonford Baptist Chapel 36-38 Wonford Street Exeter EX2 5DL
Bankers : CAF Bank 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4TA
Independent Examiner : Ian Barrett FCA FCIE
Mutley Baptist Church
Annual Report for 2022
Charitable Object :
The charity is governed by an Approved Governing Document which states that the principal purpose of the charity is the advancement of the Christian faith according to the principles of the Baptist denomination to include the advancement of education, community service and such other general charitable purposes in such parts of the United Kingdom and the world as the church shall determine.
Mutley Baptist Church (MBC) occupies premises which are held by the South West Baptist Trust Corporation Ltd, on Trusts which are entirely compatible with the above object. The Minister also occupies premises which are held by the Baptist Union Corporation Limited, on Trusts which are entirely compatible with the above object.
Organisational Structure and Decision-making processes :
Members of MBC are accepted in accordance with the Approved Governing Document which requires them to be or to have been publicly baptised on the profession of faith in Jesus Christ or, following other modes of baptism, to renew their public profession of faith in Jesus Christ.
Members’ meetings normally take place four times per year and the view of the members as expressed in the meeting under the guidance of the Holy Spirit determines the overall policy of the church. In accordance with the constitution, the members appoint Trustees who, together with the Minister, Church Secretary and Treasurer (collectively known as the Eldership) are responsible for the day to day running of the church’s work and witness, and the financial and legal aspects of the charity. All members are encouraged to take an appropriate part in the spiritual and practical tasks involved in the furtherance of the charitable objective.
Relevant matters may be submitted to the church meeting by the Trustees for guidance or may be raised by members in church meeting for further consideration by the Trustees. Though the constitution permits decisions to be made at church meetings by appropriate majorities, the church seeks to work by consensus wherever possible.
Objectives and Activities :
In order to achieve the principal objective, which is set out above, the church provides a variety of activities both to its membership and to the community generally. The aim is to show the love of Jesus Christ in both word and deed and to bring people into a closer relationship with Him as their living Lord.
Central to the work and witness of the church is the provision of regular public services of Christian worship, on Sundays at 10.00am and 6.00pm and with additional services at Easter and Christmas. There is a full programme for children and young people during the 10.00am Sunday service, and also on Thursday evenings in different groups for 5-18 year olds. On most days during the week there are activities for children, for parents with babies and toddlers, and on Thursdays for families as a whole, with
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Mutley Baptist Church
Annual Report for 2022
food and refreshments available at teatime. Broadcasting of the 10.00am Sunday service on ‘Zoom’, introduced at the start of lockdown, has continued as a way of allowing those unable to attend in person to participate.
Members of the church are active participants in the operation of the Soup Run on Wednesday evenings serving the homeless and street folk of the city of Plymouth, and in supplying Street Pastors on Saturday evenings to give reassurance and assist where needed in the city’s busy nightlife hotspots. On Monday and Thursday lunchtimes during 2022 the church premises were used for the Bigger Table, providing a hot drink and a meal to the vulnerable, lonely and homeless along with a warm welcome and a listening ear, and the opportunity for prayer if desired. A food bank was also operated on those days for attendees to take away food items supplied through ‘Fare Share’ in Plymouth. Those attending could also seek financial advice from Plymouth Focus (who have an office within the church) and who are able to offer longer appointments for complex situations which are then analysed and people helped as much as possible. A new initiative during the latter part of 2022 in response to the cost of living crisis (and financially supported by Plymouth City Council through the Government’s Household Support Fund) was the opening up of the Lounge on Tuesday lunchtimes as a Warm Space for people to pop in and receive a friendly welcome, a hot drink and a bite to eat, and the opportunity to chat with others.
The church runs a series of weekly evening house groups for the growth of faith and discipleship in the homes of some members. Again, continuing the use of ‘Zoom’ has allowed people who can’t physically get there to stay involved and in touch. A Pastoral Team meets weekly to co-ordinate contact with the elderly, sick and lonely members of the fellowship through hospital visits, home visits, phone calls, emails and the sending of cards.
The church continues to take the issue of safeguarding extremely seriously with regard to the children, young people and adults at risk that it serves. The Safeguarding Policy is regularly reviewed and updated as necessary, and duly endorsed and adopted by the membership. Volunteers and leaders wanting to work with these groups are appropriately vetted by the Disclosure and Barring Service.
Although primarily serving the needs of the local community in and around Mutley, the church continues to support a number of missionaries overseas, some financially and all prayerfully. In 2022, couples supported were serving in Uganda, Indonesia, Madagascar, Nepal and the Middle East.
Achievements and Performance :
On the staffing front, the retirement of the Families’ Worker in 2021 had created a vacancy and this was filled from 1 February by the incumbent Children’s Worker under a new enlarged contract with additional hours. We had been paying a Youth Worker to do 3 hours per week but he left to join the Salvation Army on a full-time basis so in April this role was added to the other two roles, allowing holistic leadership of all Youth, Children’s and Families’ activities.
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Mutley Baptist Church Annual Report for 2022
The severe storms in February caused the roof cowl of the Spurgeon Hall to fall down and damage the guttering below. Water ingress was minimised by contractors and repairs subsequently carried out through MBC’s buildings insurance, albeit with an excess payment of £500. The church is a listed building and underwent its quinquennial inspection in March, during which the inspector was very complimentary regarding the regular maintenance that is undertaken.
In April the electrical circuits in the building were upgraded to the latest safety standards and the necessary certification obtained. In December the boiler serving the church offices, reception area and Plymouth Focus office packed in and a replacement had to be quickly sourced and installed.
The church kitchen is now being used more than ever and procedures have been implemented to ensure that hygiene standards are adhered to and maintained, and our Level 5 Food Hygiene rating preserved.
Other notable achievements during the year saw the replacement of four TV monitors in the Sanctuary and an upgrade of the Apple Mac office computers. It had been recognised that MBC needed professional help with IT support, and advice on best practice and future infrastructure, including hardware, software and networks. Three companies were asked to provide quotations, resulting in an initial 1-year contract being signed with CUTEC.
Another significant development saw MBC become a key player in the fledgling Mutley Traders Group, with the Minister taking over as chairperson in November.
The church membership at year end was 140.
Financial Review :
MBC continues to raise the majority of the funds needed to carry on its activities from within its own membership and congregation. Staff salaries remain the most significant item of expenditure and relate to those of the Minister, pastoral support team and office staff. Grants have been obtained from Plymouth City Council for the food bank and Warm Space initiatives and these funds are ring-fenced for those specific activities. MBC is heavily dependent on members working as unpaid volunteers in all aspects of the church's activities, many of which run with little or no impact on the church's expenditure but nevertheless contribute substantially to achieving its objectives.
The energy crisis triggered by Russia’s invasion of Ukraine prompted an evaluation of MBC’s energy contracts. Our gas remains on a long-term fixed rate through to 2026 and we were able to negotiate a new 2-year electricity contract to take effect when the current contract expires in September 2023.
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Mutley Baptist Church
Annual Report for 2022
Rooms within the church building are hired out to a variety of external customers and this continues to generate a very useful revenue stream. These include a weekly NHS baby clinic, Plymouth City Council for use as a polling station, local schools, and a number of groups with special interests eg. local history, knitting and needlework, birdwatching.
The financial results for the year, together with a summary of the accounting policies adopted are set out in the accompanying financial statements, but the bottom line for 2022 was a deficit of around £32,000, considerably less than feared at one point. The rise in interest rates was a factor in mitigating the deficit by around £2,500. Giving was down by about £19,000 compared to 2021, primarily due to losing some large standing orders from donors who had left the church. In mid November a SumUp card reader was placed in the foyer for donations on a Sunday and revenue received through this is steadily increasing.
The sale of the previous manse in Hartley Park Gardens in 2021 resulted in a profit of £48,000. This money is held in trust by the Baptist Union Corporation (BUC) and can be drawn on if required for maintaining and improving the church and current manse, defraying the cost of utility bills, repairing and replacing church equipment, meeting staff and ministry costs, and such other purposes as agreed by the church Eldership. Any application to draw from this reserve is subject to approval by the BUC.
The Trustees have established a reserves policy and are satisfied that they have sufficient reserves at the balance sheet date, together with ongoing income anticipated, to enable the church to function effectively in the coming year.
The Trustees have made an assessment of the major risks facing the church and are satisfied that there are policies in place to minimise these risks.
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MUTLEY BAPTIST CHURCH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022
| Income Donations and legacies Investment income Income from charitable activities Government grants Profit on disposal of Manse Total income and endowments Expenditure Expenditure on raising funds Charitable activities -restricted/unrestricted Governance costs - independent examination Charitable activites - endowment Total expenditure Net income before defined benefit funding plan charge Actuarial gains and (losses) on defined benefit scheme Net income Movement in funds Total funds brought forward Net incoming resources Total funds carried forward Endowment Designated |
Notes Unrestricted Restricted/ Total Total Endowment/ Designated 2022 2021 £ £ £ £ 2 150,709 3,897 154,606 179,637 3 5,063 - 5,063 2,145 4 19,585 3,468 23,053 9,296 5 480 11,460 11,940 5,096 - - - 284,465 £175,837 £18,825 £194,662 £480,639 - - - - 6 206,865 10,805 217,670 209,534 840 - 840 6 - - - - 207,705 10,805 218,510 209,534 (£31,867) £8,020 (£23,848) £271,105 21 £15,173 - £15,173 £609 (£16,694) £8,020 (£8,675) £271,714 Endowment/ Unrestricted Restricted/ Total Total Designated 365,283 242,286 1,568 609,137 337,423 - (£16,694) £8,020 (£8,674) £271,714 £365,283 £225,592 £9,588 £600,463 £609,137 1 365,282 £365,283 |
|---|---|
The notes on pages 7 to 14 form part of these accounts
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MUTLEY BAPTIST CHURCH BALANCE SHEET 31 December 2022
| MUTLEY BAPTIST CHURCH BALANCE SHEET 31 December 2022 |
|||||
|---|---|---|---|---|---|
| Notes | 2022 | 2021 | |||
| £ | £ | £ | £ | ||
| Fixed Assets | |||||
| Tangible fixed assets | 11 | 411,429 | 411,892 | ||
| Current Assets | |||||
| Debtors repayable in next 12 months | 12 | 25,634 | 29,872 | ||
| Bank and cash balances | 13 | 196,355 | 217,687 | ||
| 221,989 | 247,559 | ||||
| Current liabilities | |||||
| Creditors: amounts falling due within one year | 14 | 7,127 | 5,184 | ||
| Net current assets | 214,862 | 242,375 | |||
| Creditorsdue in more than 12 months | 15 | (25,829) | (27,829) | ||
| Net assets excluding pension liabilities | £600,462 | £626,438 | |||
| Defined benefit scheme liability | 21 | - | £17,301 | ||
| Total net assets | £600,462 | £609,137 | |||
| Charitable Funds | |||||
| Endowment | 17 | 1 | 1 | ||
| Designated | 18 | 365,282 | 365,282 | ||
| Unrestricted | 225,592 | 242,286 | |||
| Restricted | 19 | 9,588 | 1,568 | ||
| £600,462 | £609,137 |
The notes on pages 7 to 14 form an integral part of these accounts. These accounts were approved by the Trustees on and signed on their behalf by 26/10/23
Trustee Secretary
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MUTLEY BAPTIST CHURCH NOTES TO THE ACCOUNTS year ended 31 December 2022
1 Accounting Policies
a Basis of preparation
The accounts (financial statements) have been prepared in accordance with the Charities Statement of Recommended Practice (Charities SORP effective from 1st January 2019), FRS102 and with the Charities Act 2011.
The church is a registered charity and meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognized at historical cost or transaction value unless otherwise stated in the relevant. accounting policy notes.
b Income recognition
All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.
c Donations
Donations are accounted for gross when the donation is received.
d Legacies
Legacies are accounted for on the earlier of notification of an impending distribution and the legacy being received, provided that the legacy can be properly quantified.
e Investment income
Investment income is included in the accounts in the year in which it is receivable.
f Expenditure recognition
All expenditure is accounted for on an accruals basis. Expenditure is recognized where there is a legal or constructive obligation to make payments to third parties, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
g Fund raising and publicity costs
The Church does not make formal appeals for funds, and expenditure on these items is therefore not material.
h Grants payable
The Church makes grants to other organisations whose charitable objects complement its work. They are accounted for in the year in which they are paid or when the recipient has been notified of the grant and payment is unconditional.
i Support costs
Support costs are those that assist the work of the church but do not directly represent charitable activities and include office costs and governance cost. Where support costs cannot be directly attributed to particular headings they have been allocated to the cost of raising funds and expenditure on charitable activities on a basis consistent with the use of resources. This represents direct expenditure on the governance of the church. Most of the management is carried out without charge by volunteers. This intangible cost is not included in the Statement of Financial Activities since there is no measurable cost to the volunteers for their service.
j Fixed Assets
Tangible fixed assets are capitalised if they can be used for more than one year and cost at least £1,000. They are initially recognised at cost, or for donated assets, at a reasonable estimate of their value on receipt.
There is no reliable information available for the cost of the church premises and so the carrying value of £1 is used as deemed cost plus building improvements
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MUTLEY BAPTIST CHURCH NOTES TO THE ACCOUNTS (continued) year ended 31 December 2022
1 Accounting Policies (continued)
k Depreciation
Depreciation has not been charged on the Manse premises, because in the opinion of the Trustees, the residual value of the asset is not less than the original cost price.
Depreciation on other fixed assets is calculated to write of the cost on a straight-line basis over their expected useful life, at the following rates:
Freehold land Nil Building improvements 4% Organ 5% Equipment 10% -20% Fixtures and fittings 10%
l Investment Assets
Investments are initially stated at cost. Subsequently they are measured at fair value with changes recognized in the SOFA. Investment assets are shown at cost less impairment.
m Funds
The church has established various funds as follows:
Unrestricted funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Endowment
This comprises the building reserve fund and represents the amount originally applied to the building of the church. This amount is held as permanent capital until determined otherwise by the Trustees with the approval of the church members' meeting.
Designated
Church members may designate or undesignate a fund for a particular purpose. The members have designated an amount for the purpose of holding manses or providing an additional manse if required by a future minister.
Restricted
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
n Employee benefits
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions been paid the charity has no further payment obligations. The contributions are recognised as an expense when they are due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in an independently administered fund.
Prior to 2012 pension provision was made through multi-employer defined benfit pension plans. Where it is not possible for the charity to obtain sufficient information to enable it to account for a plan as a defined benefit plan, it accounts for the plan as a defined contribution plan.
Where the plan is in deficit and where the charity has agreed, with the plan, to particpate in a deficit funding arrangement, the charity recognises a liability for this obligation. The amount recognised is the net present value of the contributions payable under the agreement that relates to the deficit. This amount is expensed in the SOFA. The unwinding of the discount is recognised as a finance cost.
| 2 Donations and legacies Offerings Tax refunds Legacies Total |
Unrestricted Restricted 2022 2021 £ £ £ £ 124,905 3,897 128,802 147,544 24,804 - 24,804 32,093 1,000 - 1,000 - £150,709 £3,897 £154,606 £179,637 |
|---|---|
In the previous year £3,907 of donations were restricted income with the balance being unrestricted.
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MUTLEY BAPTIST CHURCH NOTES TO THE ACCOUNTS (continued) year ended 31 December 2022
| 3 Investment income | Unrestricted | Designated | 2022 | 2021 | ||
|---|---|---|---|---|---|---|
| Bank interest | 3,163 | - | 3,163 | 545 | ||
| Rental income | 1,900 | - | 1,900 | 1,600 | ||
| £5,063 | - | £5,063 | £2,145 | |||
| 4 Incoming resources from charitable activities | Unrestricted | Restricted | 2022 | 2021 | ||
| Event and room hire | £ 12,820 |
£ - |
£ 12,820 |
£ 6,523 |
||
| Youth and families | 4,250 | 3,468 | 7,718 | 2,693 | ||
| Other incoming resources | 2,515 | - | 2,515 | 80 | ||
| Total | £19,585 | £3,468 | £23,053 | £9,296 | ||
| 5 Government grants | ||||||
| Government grants received for community support | Unrestricted 480 £ |
Restricted 11,460 £ |
2022 £11,940 |
2021 £5,096 |
||
| 6 Charitable Activities | ||||||
| Ministry | Unrestricted £ |
Restricted/ Designated £ |
2022 £ |
2021 £ |
||
| Salaries, wages and visiting preachers | 66,467 | - | 66,467 | 58,194 | ||
| Manse costs | 4,573 | - | 4,573 | 2,076 | ||
| Expenses | 287 | - | 287 | 720 | ||
| Removal costs | - | - | - | 3,798 | ||
| Support costs | Note 9 | 38,561 | - | 38,561 | 33,221 | |
| Pension fund deficit finance cost | Note 21 | 64 | - | 64 | 79 | |
| £109,952 | - | £109,952 | £98,088 | |||
| Mission | ||||||
| Youth and family | 8941 | 522 | 9,463 | 5,013 | ||
| Other local community support | 4,256 | 9,698 | 13,954 | 9,002 | ||
| Grants made | Note 8 | 29,696 | 585 | 30,281 | 39,500 | |
| £42,893 | £10,805 | £53,698 | £53,515 | |||
| Establishment | ||||||
| Salaries and wages | 20,115 | - | 20,115 | 18,740 | ||
| Heat light and water | 12,804 | - | 12,804 | 13,871 | ||
| Insurance | 7,927 | - | 7,927 | 7,563 | ||
| Council Tax | 1,560 | - | 1,560 | 1,533 | ||
| Repairs and maintenance | 4,581 | - | 4,581 | 12,182 | ||
| Depreciation | 7,033 | - | 7,033 | 4,042 | ||
| £54,020 | - | £54,020 | £57,931 | |||
| Total | £206,865 | £10,805 | £217,670 | £209,534 | ||
| 7 Total resources expended | ||||||
| Ministry | Charitable activities £ 71,391 |
Grant Funding £ - |
Support costs £ 38,561 |
Total 2022 £ 109,952 |
Total 2021 £ 98,088 |
|
| Mission | 23,417 | 30,281 | - | 53,698 | 53,515 | |
| Establishment | 54,020 | - | - | 54,020 | 57,931 | |
| Cost of generating funds | - | - | - | - | - | |
| £148,828 | £30,281 | £38,561 | £217,670 | £209,534 |
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MUTLEY BAPTIST CHURCH NOTES TO THE ACCOUNTS (continued) year ended 31 December 2022
8 Grants payable
| MUTLEY BAPTIST CHURCH NOTES TO THE ACCOUNTS (continued) year ended 31 December 2022 8 Grants payable |
|||||
|---|---|---|---|---|---|
| Unrestricted | Restricted/ | Total | Total | ||
| 2022 | 2021 | ||||
| £ | £ | £ | £ | ||
| Local | 10,700 | - | 10,700 | 11,500 | |
| Baptist Missionary Society | 4,415 | 585 | 5,000 | 4,500 | |
| Home Mission | 5,000 | - | 5,000 | 4,500 | |
| Full time overseas | 9,581 | - | 9,581 | 19,000 | |
| £29,696 | £585 | £30,281 | £39,500 | ||
| 9 Support costs | |||||
| Administrative staff | Unrestricted £ 15,890 |
Restricted/ £ - |
Total 2022 £ 15,890 |
Total 2021 £ 16,029 |
|
| Telephone and postage | 2,174 | - | 2,174 | 2,800 | |
| Printing and stationery | 1,454 | - | 1,454 | 1,970 | |
| Internal organisation costs | 8,881 | - | 8,881 | 8,350 | |
| Equipment and web services | 6,675 | - | 6,675 | 835 | |
| Conferences, events and training | 1,354 | - | 1,354 | 675 | |
| Hospitality at events | 1,224 | - | 1,224 | 1,763 | |
| Sundry expenses | 909 | - | 909 | 799 | |
| £38,561 | - | £38,561 | £33,221 | ||
| 10 Staff costs and transactions with trustees | |||||
| Salaries and wages | 2022 £ 95,613 |
2021 £ 86,324 |
|||
| Social security costs | - | - | |||
| Pension costs | Note 21 | 6,539 | 6,539 | ||
| Other costs | 4,607 | 2,076 | |||
| Total | £106,759 | £94,939 | |||
| The average number of full time equivalent employees was | 4.5 | 5 |
No employee received emoluments in excess of £60,000 during the year (2021 none).
No sums were reimbursed to Trustees for their work as Trustees (2021 none).
The church pays pension contributions for its Ministers to the Baptist Ministers Pension Trust Limited, which is a final salary defined benefit Scheme, which is not contracted out of the State second pension. The scheme is a multi-employer scheme and it is not possible to identify the assets and liabilities of the scheme which are attributable to the church. In accordance with FRS102 Section 28, the scheme is accounted for as a defined contribution scheme.
The total amount of donations received from trustees was £25,630 (2021 £32,120). No conditions were attached.
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MUTLEY BAPTIST CHURCH NOTES TO THE ACCOUNTS (continued) year ended 31 December 2022
11 Tangible Fixed Assets
| 11 Tangible Fixed Assets | |||||
|---|---|---|---|---|---|
| Church | Building | Manse | Fixtures/ | Total | |
| Premises | Improve- | Organ | |||
| ments | Equipment | ||||
| Cost | |||||
| 01 January 2022 | 1 | 61,730 | 365,282 | 63,077 | 490,090 |
| Additions | - | - | - | 6,570 | 6,570 |
| Disposals | - | - | - | - | - |
| 31 December 2022 | £1 | £61,730 | £365,282 | £69,647 | £496,660 |
| Depreciation | |||||
| 01 January 2022 | - | 39,545 | - | 38,653 | 78,198 |
| Charge for the year | - | £1,863 | - | 5,170 | 7,033 |
| Disposals | - | - | - | - | - |
| 31 December 2022 | - | £41,408 | - | £43,823 | £85,231 |
| Net Book value | |||||
| 31 December 2022 | £1 | £20,322 | £365,282 | £25,824 | £411,429 |
| 30 December 2021 | £1 | £22,185 | £365,282 | £24,424 | £411,892 |
| All of the fixed assets are used for direct charitable purpose | |||||
| The church premises are insured for | £10,116,361 the Lodge for | £180,254 and the Manse for | £433,286. |
| 12 Debtors Gift Aid Prepayments Other 13 Bank and cash balances CAF General funds deposit account Baptist Union New Ministries deposit accounts Mission Youth Buildings Families Fx account Live Wires Cash 14 Creditors: amounts falling due within one year South West Baptist Association Memorial Fund loan for manse Accruals Other creditors |
2022 2021 £ £ 18,612 23,594 7,013 6,229 9 49 £25,634 £29,872 2022 2021 £ £ 5,657 418 90,330 117,286 50,301 49,534 384 206 16,353 16,325 17,478 11,087 13,470 17,122 - 3,544 1,772 1,772 - 304 610 89 £196,355 £217,687 2022 2021 £ £ 2,004 2,004 5,123 3,180 - - £7,127 £5,184 |
|---|---|
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MUTLEY BAPTIST CHURCH NOTES TO THE ACCOUNTS (continued) year ended 31 December 2022
15 Creditors: amounts due in more than 12 months
South West Baptist Association Memorial Fund loan for manse
| 2022 | 2021 | ||
|---|---|---|---|
| £ | 25,829 |
£ | 27,829 |
The loan is interest free and repayable over 15 years
16 Contingent Assets
The church, MBC, holds a 64% share in a property at 55 Ker Street, being a Manse used by the members of Devonport Community Baptist Church (‘DCBC’), upon the following conditions:
a. DCBC may, at its discretion, sell the Manse and invest the full proceeds of sale into a new freehold or long leasehold property for use as an alternative manse or building for other DCBC purposes. Any such building purchased in future would be held on trust which reflected the shares of the purchase price provided from MBC.
b . If DCBC ceases to operate as a Baptist Church then the MBC share of the sale proceeds of the Manse or any substituted property will be held by South West Baptist Trust Corporation upon the present trusts applicable to them it being the intention of MBC that these be used for church planting in Plymouth or elsewhere as agreed by the members of MBC.
The beneficial interest in this property rests with DCBC unless and until the condition at b above is satisfied. Accordingly, as this condition has not been satisfied, it is not practicable to reflect any financial effects in these statements.
17 Endowment Funds
| 17 Endowment Funds | ||
|---|---|---|
| Church premises In addition the contingent asset detailed in note 16 is considered 18 Designated funds Manse reserve at 1 January 2022 Interest on manse reserve deposit with Baptist Union Profit on disposal of Manse Transfer to unrestricted reserves |
part of the Endowment Funds | 2022 2021 £ £ £1 £1 2022 2021 £ £ 365,282 222,554 - 138 - 284,465 - (£141,875) |
| Manse reserve at 31 December 2022 | £365,282 £365,282 |
|
| 19 Restricted Funds Designated donations to third party charities Designated grants and donations community activities Impovements to courtyard Mexico Mission |
Brought Incoming forward resources - 1,001 1,427 14,737 - 3,087 141 - |
Resources Carried expended Forward 966 35 9,698 6,466 - 3,087 141 - |
| £1,568 £18,825 |
£10,805 £9,588 |
Throughout the year offerings are taken to support third party charitable activities both locally and overseas.
All restricted giving was applied to the purpose for which it was given in the year other than the balances carried forward as at 31 December 2022 as shown above.
| 20 Analysis of net assets Funds: Endowment Note 17 Designated Note 18 Restricted Note 19 Unrestricted |
Defined benefit Fixed Investment Current scheme Total Assets Assets Assets liability 1 - - - 1 365,282 - - - 365,282 - - 9,588 - 9,588 46,146 - 179,445 - 225,591 £411,429 - £189,033 - £600,462 |
|---|---|
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Independent Examlnerfs Report to the Trustees of Mutley Baptist Churth Charlty no. 1127079 I report to the trustees on my examination of the accounts of Mutley Baptist Church {the Church) for the year ended 31tt December 2022. Responsibllitles and basis of the report As the charity trustee5 of the church you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {the Attl. I report in respect of my examination of the church's accounts 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 sertion 145(51(bl of the Act. Independent examlnerfs statement I have completed my examination. I confim) that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: l. Accounting records were not kept in respect of the church as required by section 130 of the Act,. or 2. The accounts do not accord with those records,. or 3. The accounts do not comply with the applicable requirements concerning the form and content of the 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. I have no concerns and have come across no other matters in connettion with the examination to which attention should be drawn in this report in order to enable a proper UndetA the accounts to be reached. lan Barrett FCA Barretts Chartered Accountants and Chartered Tax Adviser5 22 Union Street Newton Abbot TQ12 2JS 26th October 2023