## Section A
## **Trustees' Annual Report for the period**
Period start date Period end date
Day Month Year Day Month Year **From** 1 October 2016 **To** 30 September 2017
## Reference and administration details
**Charity name** Kirby Muxloe Free Church
**Other names charity is known by** None
**Registered charity number (if any)** 1127930
**Charity's principal address** Main Street
Kirby Muxloe Leicester **Postcode LE9 2AN**
## **Names of the charity trustees who manage the charity**
**Dates acted if not for whole Name of person (or body) entitled Trustee name Office (if any) year to appoint trustee (if any)** 1 Rev. Conrad Weller Minister
2 Mr. Paul Wisdish
3[Mrs. Natasha Kinsey]
Honorary Treasurer 4[Mr. Matt Pollard]
5[Mr. Robert Knight]
6[Mr. Gary Sanders]
7[Mrs. Emily Pollard]
In Post from September 2022
In post until September 2022
11 12 13 14 15
## **Names of the trustees for the charity, if any, (for example, any custodian trustees)**
||**Name**|**Dates acted if not for wholeyear**|
|---|---|---|
||East Midlands Baptist Trust CompanyLtd||
||||
||||
March **2016**
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## **Names and addresses of advisers (Optional information)**
|**Names and addresses of**|**advisers (Optional information)**|**advisers (Optional information)**|
|---|---|---|
|**Type of adviser**|**Name**
**Address**||
|**Bankers**|The Co-operative|P.O. Box 250, Southway, Skelmersdale, WN8 6WT|
||Bank||
||Lloyds TSB Plc|7, High Street, Leicester. LE1 9FS|
|**Independent Examiner**|Mark Graves MEng|17 Millbrook Drive, Broughton Astley, Leicestershire.|
||FCA|LE9 6UX|
||||
## **Name of chief executive or names of senior staff members (Optional information)**
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Section B Structure, governance and management
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## **Description of the charity’s trusts**
The charity is governed by a constitution adopted 24 September 2008. Type of governing document There are no amendments. (eg. trust deed, constitution) The charity is constituted of members of the charitable unincorporated How the charity is constituted (eg. trust, association, company) association governed by the above constitution. In accordance with the constitution the charity trustees (with the Trustee selection methods exception of the minister) are drawn from the membership of the Church. (eg. appointed by, elected by) The trustees are appointed by the Church members by secret ballot at Church Member’s Meeting. The trustees are collectively known as the Diaconate and, along with the Minister, are responsible for the day to day running of the Church’s work and witness, and the financial and legal aspects of the charity.
## **Additional governance issues (Optional information)**
Members of the Church are accepted in accordance with the constitution You **may choose** to include which requires them to be or to have been publicly baptised on the additional information, profession of faith in Jesus Christ, or following other modes of profession where relevant, about: of faith in Jesus Christ. policies and procedures Members and non-members are invited to attend Church Meetings which adopted for the induction normally take place six times a year to consider and review matters and training of trustees; associated with the life of the Church. Relevant matters may be submitted the charity’s organisational to the Church Meeting by the trustees for guidance, or may be raised by structure and any wider members in the Church Meeting for further consideration by the trustees. network with which the Though the constitution permits decisions to be made at the Church charity works; Meetings by appropriate majorities, the Church seeks to work by relationship with any consensus wherever possible. Only church members may vote at these meetings. related parties; trustees’ consideration of An Church Annual General Meeting is held each year for the Church to major risks and the system receive annual accounts and reports, to consider the strategy and vision of and procedures to the church in the coming year, and other appropriate matters. Only church manage them. members may vote at this meeting.
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Section C Objectives and activities
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**Summary of the objects of the charity set out in its governing document**
The principal purpose of the Church is the advancement of the Christian faith according to the principles of the Baptist denomination. The Church may also advance education and carry out other charitable purposes in the United Kingdom and/or other parts of the world.
In striving to achieve the principal objective set out above, the Church provides a variety of activities both to the membership of the Church and to the wider community. The aim is to show the love of Jesus Christ in **Summary of the main** both word and deed and to bring people into a closer relationship with **activities undertaken for the** Him as living Lord. **public benefit in relation to these objects (include within** The trustees when planning the activities for the year have considered the **this section the statutory** Commissions guidance on public benefit, and in particular the specific **declaration that trustees** guidance on charities for the advancement of religion. The activities **have had regard to the** undertaken in the year in furtherance of the principle objective include: **guidance issued by the Charity Commission on** Worship and prayer **public benefit)** Youth and children’s work Outreach Engaging with our community
## **Additional details of objectives and activities (Optional information)**
The work of the Church is dependent upon the efforts of the many volunteers drawn from the community of the Church. The Church would like to acknowledge this and thank the volunteers.
The Church is continually looking for opportunities to work with the local You **may choose** to community, and hires the premises to for example, a local Parkinsons include further statements, group, and a baby sensory group, as well as other local concerns. where relevant, about: The Church also makes donations to other charitable bodies and policy on grantmaking; individuals in need of support. The finance for these donations is usually generated by special offerings at the Church Anniversary and Christmas policy programme services. related investment; The church anniversary offerings are sent to 2 charities each year, contribution made by suggested and decided on by members. volunteers.
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Section D Achievements and performance
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## **Summary of the main achievements of the charity during the year**
## **Worship and prayer**
Central to the work and witness of the Church is the provision of regular public services of Christian worship. These services take place each Sunday at both 10.30 a.m. and 6.30 p.m. There are also occasional services at other times which are advertised on the Church notice board, the Church notice sheet and Church website at www.kirbyfree.org, and on facebook.
The Church seeks to be a friendly and welcoming community. Services are open for all to attend and are well attended, particularly the morning services which tend to attract those with young families. The Christmas & Easter Services are also particularly well attended as the Church family is joined by many non-members from the community.
The services are structured to meet the needs of a wide cross-section of the community. The Church also benefits from an active Worship Group which enhances the services with music and prayer. Following the morning service refreshments are usually served, allowing all that attend to get to know others and be welcomed into the church community. Occasionally, breakfasts are held before morning services, lunches after morning services and teas before evening services, again giving the opportunity for fellowship for all that attend.
The Church is starting up again, after Covid, a number of home groups for the growth of faith and discipleship, in the homes of some members of in the church Living Room. All that attend Church are encouraged to join a home group. Details of these can be obtained from the trustees, or the Church administrator on request.
The well being of the Church family is also a key concern. The minister and deacons arrange for pastoral visits to church attendees in need of help..
## **Youth and children’s work**
A full programme of events for the young people and children of the Church and community has been held during the year. The work is dependent upon a group of loyal, hard working leaders supplemented by a youth worker who specialises in outreach to young people inside and outside of the Church. The youth worker is continuing to work hard to develop contacts with the youth of the area and also with local schools. The activities undertaken this year include:
## **Vision**
Meets most weeks and involves a wide age range of children from toddlers to teenagers. The groups use teaching material for their studies from organisations such as the Scripture Union and the Good Book Company (the “Click” range). The eldest group (the youth group) sometimes help prepare activities for the regular all children gathering. This year the children and young people have aranged presents for Mothering Sunday and Father’s Day.
## **Messy church**
This is a national Christian initiative which takes place in our church occasionally on a Saturday afternoon. It aims to attract anyone interested in the activities which take place- often crafts, worship and a tea.
March **2016**
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## **Youth group**
Youth is a house group for young people, held on Sunday evenings during term time. The group has now has a games time, and discussion and refreshments. This group is quite close-knit.
In addition to the regular groups occasional events such as community projects and holiday clubs have also been held during the year. All events are open to the young of the church and the community.
## **Holiday Club**
Holiday Club is for the age 5-11 young people- but was not held in 2022.
## **Outreach**
Outreach is also a key component to the advancement of the Christian faith and goes hand in hand with the work of the Church in engaging with the community. The key activities undertaken include:
Supporting the work of Baptist Union Home Mission through communication and regular giving.
A group meet regularly to pray and consider work among missionaries, the persecuted church and other overseas mission.
Groups from the Church also hold regular services for the residents of a local home for the blind, and another care home locally.
The Church also plays a very active part in Churches Together in Kirby Muxloe and Leicester Forest East. The meetings have been well attended with good representation from each Church. This year the Churches have worked together on many joint activities for the local community including:
Conducting united services Holding joint Lent groups.
Supporting community events such as the annual Kirby Fun day.
5 March **2016**
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## **Engaging with our community**
This is also a key component to the advancement of the Christian faith and a major part of the Church’s vision. This aim is being met by a variety of activities to forge and strengthen bonds of friendship such as:
## **Friends & Neighbours**
A group that meets on the first Thursday of the month, and meetings are always well attended. Each afternoon begins with a time of devotion led by our president or a committee member. This is followed by the guest speaker and time for refreshments and fellowship.
## **Carpet Bowls**
The group continues to grow and now has a good number of members. The group meets on Friday afternoons for a light hearted game of carpet bowls with much frivolity and laughter, accompanied by tea and biscuits.
## **Walking in Good Company**
This group meets monthly to enjoy varied walks in town & country. The group always welcome new walkers, and attract some who do not attend the church services. The walks are not very demanding and end by sharing lunch at a local pub
## **Holiday at Home**
A 3 day event was held in June with food and entertainment for about 27 elderly guests
## **Knitting and Crochet Group.**
During the year a weekly knitting and crochet group has continued, with one aim of providing items for donation to charity.
## **Events**
In addition to the regular meetings the Church has also arranged a series of events during the year to encourage ties with the community. These events have included visits by the Saltmine Theatre Group and participating in the Kirby Village Fun day and scarecrow event.
## **Community Initiatives**
Local schools are always key to the life of the local community, and the Church is keen to support this work. This is achieved in a variety of ways including visiting, taking school assemblies and talking to the children and arranging events.
The Church also hosts a coffee drop-in weekly on a Thursday morning. This is open to anyone in the community, but is mainly attended by attendees of the church.
Additionally the Church premises are used by a variety of local community groups including a dance group, pilates exercise class, and a table tennis club. Interest in using the premises has also been shown by other local societies.
The Church works to continually improve and maintain the premises. The Church remains very active, there being currently about 60 members.
6 March **2016**
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|**Section E**|**Financial review**|
|---|---|
|**Brief statement of the**|The reserves of Kirby Muxloe Free Church are held in the BU Loan|
|**charity’s policy on reserves**|account. This supports the work of other Baptist Union Churches thus|
||furthering our charitable objectives. In addition, it gives us a competitive|
||rate of interest.|
||Our policy is, as far as possible, to retain a minimum of two months income|
||as reserves for emergencies; such as repairs to the fabric of the building or|
||other unforeseen events. In addition we need to maintain a cash float|
||sufficient to cover the period between annual Gift Aid receipts.|
||Over the period 2021-2022 our reserves were adequate to cover|
||these two requirements.|
|**Details of any funds**||
|**materially in deficit**||
|**Further financial review details**|**(Optional information)**|
|You**may choose**to include
additional information, where
relevant about:
the charity’s principal|Financially, activities are largely supported by regular weekly and
monthly offerings. During the year the Church faced the challenge of
donations and legacies reducing by about 9%. There is sufficient income
to meet all running costs.|
|sources of funds (including|The aim of the church is to bring the saving knowledge of the Lord|
|any fundraising);|Jesus Christ and to evangelise.|
|how expenditure has
supported the key
objectives of the charity;
investment policy and|The Minister receives a stipend and expenses to lead the members in
fulfilling our aim. This represents the single largest expense with manse
and ministerial expenditure representing 35% of total expenditure.|
|objectives including any|Supporting church activities, including worship, youth work, events,|
|ethical
investment|equipment and the maintenance of the church buildings amounted|
|policy adopted.|to 40% of total expenditure.|
||Included in this is the cost associated with the appointment of a youth|
||worker. This has been achieved by the Church entering into partnership|
||with Reality initially four years and now as an annual renewal. Reality is|
||a Christian organisation specialising in youth work.|
||Gifts and grants to sister organisation’s in the Baptist Union and other|
||charities amounted to 11% of total expenditure.|
||Depreciation and other expenses amounted to 2% of total expenditure.|
||Communication and Administrative expenses were 6% of total|
||expenditure.|
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Section F Other optional information
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March **2016**
**TAR**
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Section G Declaration
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**The trustees declare that they have approved the trustees’ report above.**
## **Signed on behalf of the charity’s trustees**
|**Signature(s)**
**Full name(s)**
**Position (eg Secretary, Chair,**
**etc)**
**Date**||Matt|
|---|---|---|
||||
||Colin Paul Wisdish|Matt Pollard|
||||
||Secretary|Honorary Treasurer|
||||
||||
||29thMay 2023||
||||
March **2016**
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## **Kirby Muxloe Free Church**
## **Annual Report and Financial Statements For the Year Ending 30th September 2022**
Page: 1 of 15
Charity No: 1127930 2023-01-31
## **Legal Information**
|**Legal Information**||
|---|---|
|Officers:|Rev. C Weller ( Minister )|
||M. Pollard (Treasurer)|
|Charity Number:|1127930|
|Trustees:|R. Knight|
||N. Kinsey|
||M. Pollard|
||C.P. Wisdish|
||G. Sanders|
|Principal Address:|Main Street|
||Kirby Muxloe|
||Leicester|
||LE9 2AN|
|Bankers:|Co-operative Bank|
||PO Box 250|
||Skelmersdale|
||WN8 6WT|
|Independent Examiner:|Mark Graves MEng FCA|
||17 Millbrook Drive|
||Broughton Astley|
||Leicestershire|
||LE9 6UX|
Page: 2 of 15
Charity No: 1127930 2023-01-31
**Kirby Muxloe Free Church**
**Annual Report and Financial Statements for the Year Ended 30 September 2022**
## **- Contents:**
Annual Report
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
## Notes on Accounts
1. Accounting Policies
- 2.-6 Analysis of Income and Expenditure (report)
- 7.Tangible Fixed Assets
8. Debtors
9. Bank and cash Balances
10. Creditors
11. Analysis of Net Assets
12. Fund Movement Summary
13. Pensions
14. Related Charities
15. Reserves Policy
15. Going Concern
Page: 3 of 15
Charity No: 1127930 2023-01-31
## **Kirby Muxloe Free Church**
## **Treasurer's Annual Report for the Year to 30th September 2022**
In the year 1[st] October 2021 to 30[th] September 2022 the church is returning to something like normality following the pandemic, however the impacts of this are still being felt, particularly with the lower numbers of congregation and fewer outside visitors returning to the church for services, and the measured approach taken to the return and provision of wider activities in the community.
Offerings, general gifts and donations totalled £58,748 compared with £61,515 from the previous year, but was broadly on par with the budget set at the beginning of the year. With regards one-off giving, the church held an annual Gift Day in June with the proceeds to support the various church building projects including making the building more energy efficient in light of the current energy crisis. The church membership and congregation was incredibly generous in this regard giving over £14,000 for this event. The Christmas charity collection also raised a further £657. In a year where inflation has started to spiral, this level of giving, plus the ongoing regular donations is really positive and thanks should go to our church members and wider congregation for their continued support in challenging circumstances. Total giving, excluding the previous year’s Gift Aid, amounted to £76,207.
The gift aid tax rebate was slightly higher than the previous year at £12,842. Income from charitable activities totalled £1,875 and up slightly on the previous year with activites starting again following lockdown.
One area we continue to be very fortunte in is being able to rent out the church premises to various groups for hire. This resultant hire income exceeded budgetary expectations and produced income of £6,522 through the year, against a budget of £3,000. This was significant in being able to plug some of the shortfall of other income and some of the unforeseen expenditure items encountered through the year.
Our staff in employment has not changed through the year so we continue to provide the Minister with a stipend and expenses and we continue to employ an Administrator and Caretaker.
Our Mission giving was £5,244 to the Baptist Home Mission Fund and £4,476 to the Baptist Missionary Society, although these will be reduced through the next financial year as the recommended amounts are based on membership numbers for which we have seen reduced numbers in recent times.
The overall year end position is that we have a surplus of £4,937, which is as a direct result of the substantial giving following the Gift Day in June, for which the monies have been set aside through the next year for ongoing church maintenance and projects.
If we exclude the Gift Day funds and associated expenditure already incurred, the year end position shows a deficit position of -£4,028, but this is significantly better than the budgeted deficit which was -£15,984, and can be attributed to a number of reasons including the additional income from hall hire, and activities planned but not undertaken through the year.
We continue to be thankful that we have sufficient funds to pay our bills and had the foresight to set long term fixes on our energy bills. However with inflation rocketing and impacting spend across the board, we are mindful that our expected income can only cover our day-to-day expenditure, and therefore additional activities with a cost attached must be carefully considered as these will likely eat into savings without significant other income being received or expenditure cut.
Thank you to everyone for your continued support and to those who have helped me fulfil this role over the past year.
Matt Pollard 30th September 2022 For and on behalf of the Deacons
Page: 4 of 15
Charity No: 1127930 2023-01-31
**Independent examiner’s report to the Trustees of Kirby Muxloe Free Church**
Page: 5 of 15
Charity No: 1127930 2023-01-31
## **Kirby Muxloe Free Church**
## **Statement of Financial Activities**
## **For the period from 01 October 2021 to 30 September 2022**
|||**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Prior year**||
|---|---|---|---|---|---|---|---|
||Notes|**funds**|**funds**|**funds**|**funds**|**total funds**||
|**_Income and endowments from:_**||||||||
|Donations and legacies|2|71,531|17,517|—|89,049|76,409||
|Income from charitable activities|3|1,875|—|—|1,875|1,494||
|Investments|4|7,057|—|—|7,057|1,972||
|Other income|5|—|—|—|—|10,021||
|**Total income**||**80,465**|**17,517**|**—**|**97,983**|**89,898**||
|**_Expenditure on:_**||||||||
|Expenditure on charitable activities|6|—|—|—|—|—||
|Special Efforts||1,044|553|—|1,597|830||
|Baptist Union||9,720|—|—|9,720|9,638||
|Church Expenses||17,575|13,826|—|31,401|22,184||
|Children and Young People||402|—|—|402|19,290||
|Manse Expenses||5,402|—|—|5,402|4,705||
|Ministerial Expenses||32,235|—|—|32,235|31,464||
|Associate Ministerial Expenses||—|—|—|—|—||
|Administration and Communication||6,886|—|—|6,886|6,256||
|Other Expenses||5,343|—|—|5,343|4,820||
|Other expenditure||56|—|—|56|—||
|**Total expenditure**||**78,666**|**14,379**|**—**|**93,046**|**99,190**||
|Gains / losses on investment assets||—|—|—|—|—||
|**Net income / (expenditure) resources before transfer**||**1,798**|**3,138**|**—**|**4,936**|**(9,292)**||
|**_Transfers_**||||||||
|Gross transfers between funds - in||5261|1,000|—|6,261|23,969||
|Gross transfers between funds - out||(1,000)|(5,261)|—|(6,261)|(23,969)||
|**_Other recognised gains / losses_**||||||||
|Gains on revaluation, fixed assets, charity's own use||—|—||—|—|—|
|**Net movement in funds**||**6,059**|(**1,122)**|**—**|**4,936**|**(9,292)**||
|**_Reconciliation of funds_**||||||||
|**Total funds brought forward**||**388,325**|**410,467**|**—**|**798,792**|**808,084**||
|**Total funds carried forward**||**394,384**|**409,344**|**—**|**803,728**|**798,792**||
Page: 6 of 15
Charity No: 1127930 2023-01-31
## **Kirby Muxloe Free Church**
## **Balance Sheet as at 30 September 2022**
||||||||**_At_**|**_At_**|
|---|---|---|---|---|---|---|---|---|
||Notes||**General**
**Fund**|**Designated**
**Funds**|**Restricted**
**Funds**|**Endowment**
**Funds**|**_30/09/2022_**
**_£_**|**_30/09/2021_**
**_£_**|
|Fixed assets|||||||||
|Tangible assets|7||302,922|—|400,000|—|702,922|701,920|
|**_Fixed assets_**|||**302,922**|**_—_**|**400,000**|**_—_**|**_702,922_**|**_701,920_**|
|Current assets|||||||||
|Debtors|8||2,549|—|—|—|2,549|2,129|
|Cash at bank and in hand|9||44,167|46,382|9,344|—|99,894|95,640|
|**_Current assets_**|||**_46,716_**|**_46,382_**|**_9,344_**|**_—_**|**_102,443_**|**_97,770_**|
|Liabilities|||||||||
|Creditors: Amounts falling due in one|year|10|1,637|—|—|—|1,637|897|
|**_Net current assets less current liabilities_**|||**_45,079_**|**_46,382_**|**_9,344_**|**_—_**|**_100,806_**|**_96,872_**|
|**_Total assets less current liabilities_**|||**348,002**|**_46,382_**|**409,344**|**_—_**|**_803,728_**|**_798,792_**|
|**_Total net assets less liabilities_**|11||**348.002**|**_46,382_**|**409,344**|**_—_**|**_803,728_**|**_798,792_**|
|Represented by:|12||||||||
|_Unrestricted_|||||||||
|Unrestricted - General fund|||348,002|—|—|—|348,002|342,215|
|Unrestricted - General Building Fund|||—|—|—|—|—|—|
|_Designated_|||||||||
|Designated - Carpet Bowls|||—|1,805|—|—|1,805|2,292|
|Designated - Holiday at Home|||—|847|—|—|847|87|
|Designated - Thirst|||—|80|—|—|80|80|
|Designated - Legacy|||—|43,648|—|—|43,648|43,648|
|Designated - Pledged Funds|||—|—|—|—|—|—|
|Designated - General Building Fund|||—|—|—|—|—|—|
|_Restricted_|||||||||
|Restricted - Covid Grant|||—|—|—|—|—|221|
|Restricted - Charity Collections and Donations|||—|—|328|—|328|—|
|Restricted - Special Efforts|||—|—|8,965|—|8,965|—|
|Restricted - BMS World Mission|||—|—|20|—|20|10|
|Restricted - Flower Fund|||—|—|—|—|—|—|
|Restricted - General Building Fund|||—|—|—|—|—|10,205|
|Restricted - Christmas Meal Fund|||—|—|30|—|30|30|
|Restricted - Church Premises|||—|—|400,000|—|400,000|400,000|
|**_Funds of the church_**|||**348,002**|**_46,382_**|**409,344**|**_—_**|**_803,728_**|**_798,792_**|
Page: 7 of 15
Charity No: 1127930 2023-01-31
**Kirby Muxloe Free Church**
## **Notes to the Accounts**
## **For the period 01 October 2021 to 30 September 2022**
## **1. Accounting Policies**
## **a. Basis of preparation**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to the accounts. The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014.
## **b. Funds**
**Endowment Funds:** are the capital of which must be maintained; only income arising from investment of endowment may be used as restricted or unrestricted funds depending on how the endowment was originally set-up.
**Restricted Funds:** represent donations for a specific object or invited by the Trustees for a specific object. The funds may only be expended on the specified object for which they were given. Any balance remaining at the end of the year must be carried forward as a balance on that fund.
**Unrestricted Funds** : are the _general funds_ which can be used for any purpose
**Designated Funds** : are sums set aside out of general funds for specific designated purposes. They can be transferred back to general funds at any time.
## **c. Donations**
Donations are accounted for gross when received.
## **d. Legacies**
Legacies are accounted for when their receipt is certain and can be properly quantified.
## **e. Investment Income**
Investment income is included in the accounting year in which it is receivable.
## **f. Grants payable**
The Church makes grants to other organisations whose charitable objects complement its work (for example, BMS and Home Mission). They are accounted for in the year in which they are paid.
## **g. Governance Costs**
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 for the volunteers' service.
## **h. Fixed Assets**
The church premises are included in the balance sheet at market value, based on a valuation in December 2016. The manse premises are stated at conservative market value.
Tangible assets costing less than £800 are written off as expenses.
## **i. Depreciation**
Depreciation has not been charged on the Church or the Manse premises (11 Barns Close, Kirby Muxloe, Leicester), because in the opinion of the Trustees, the residual value of the asset is worth not less than the value stated in these accounts.
Depreciation on other fixed assets is calculated to write off the cost on a linear basis over the expected useful life. The rates used are:
- Furniture and fittings 10% per year
- Audio Visual Equipment 20% per year
- Computers and equipment 33% per year
## **j. Analysis of Income and expenditure.**
Each heading in the Statement of financial activities is itemised by nominal fund in the Analysis of Income and Expenditure section.
Page: 8 of 15
Charity No: 1127930 2023-01-31
**Kirby Muxloe Free Church**
## **Analysis of income and expenditure Selected period: 01 October 2021 to 30 September 2022**
||**Total**||||||
|---|---|---|---|---|---|---|
||**_Unrestricted_**|**_Designated_**|**_Restricted_**|**_Endowment_**|**_This year_**|**_Last year_**|
|**Income and endowments**|||||||
|**2. Donations and legacies**|||||||
|21I119 - Offerings by Cash|4,438|—|—|—|4,438|3,041|
|22I120 - Offerings in Envelope|15,373|—|—|—|15,373|12,355|
|23I121 - Offerings by Standing order|35,858|—|20|—|35,878|44,388|
|24I145 - Income Tax Recovered|12,842|—|—|—|12,842|12,459|
|25I271 - General Gifts and Donations|2,921|98|40|—|3,059|1,731|
|27I132 - Special Gifts|—|—|2,000|—|2,000|2,062|
|27I133 - Special: BMS World Mission|—|—|195|—|195|105|
|27I135 - Special: Christmas & Gift Day|—|—|14,712|—|14,712|265|
|27I136 - Flowers|—|—|550|—|550|—|
|**Donations and legacies Totals**|**71,433**|**98**|**17,517**|**—**|**89,049**|**76,409**|
|**3. Income from charitable activities**|||||||
|44I010 - Holiday Club Income|—|782|—|—|782|575|
|45I135 - Other income|33|110|—|—|143|432|
|46I060 - Bible Notes Subscriptions|46|—|—|—|46|86|
|47I061 - Wedding and Funeral Fees|100|—|—|—|100|400|
|48I064 - Carpet Bowls Income|—|513|—|—|513|—|
|61I001 - Income from activities|55|235|—|—|290|—|
|**Income from charitable activities**|**235**|**1,640**|**—**|**—**|**1,875**|**1,494**|
|**totals**|||||||
|**4. Investments**|||||||
|31I129 - Bank Interest|61|—|—|—|61|—|
|33I129 - BU Loan Account Interest|474|—|—|—|474|113|
|34I069 - Hall Hire|6,522|—|—|—|6,522|1,859|
|**Investments Totals**|**7,057**|**—**|**—**|**—**|**7,057**|**1,972**|
|Other income|||||||
|71T001 - Government Grants|—|—|—|—|—|10,021|
|**Other income Totals**|**—**|**—**|**—**|**—**|**—**|**10,021**|
|**Income and endowments**|**78,726**|**1,738**|**17,517**|**—**|**97,983**|**89,898**|
|**Grand totals**|||||||
## **Expenditure**
Page: 9 of 15
Charity No: 1127930 2023-01-31
|**5. Expenditure on charitable activities**|||||||
|---|---|---|---|---|---|---|
|801E134 - Events Expenditure|512|466|—|—|978|—|
|802E132 - Special Efforts|—|—|—|—|—|292|
|803E133 - BMS World Mission|—|—|185|—|185|180|
|805E135 - Christmas & Gift Day|65|—|—|—|65|265|
|806E062 - Charity Donations|—|—|368|—|368|93|
|808E066 - BU: BMS World Mission|4,476|—|—|—|4,476|4,416|
|809E067 - BU: Home Mission|5,244|—|—|—|5,244|5,222|
|811E001 - Fabric and Equipment|3,049|—|13,033|—|16,083|2,952|
|812E002 - Project|577|—|—|—|577|5,410|
|813E003 - Audio Visual|788|—|—|—|788|863|
|814E004 - Health and Safety|121|—|7|—|129|329|
|815E007 - Mission and Evangelism|350|—|—|—|350|—|
|816E019 - Worship & Music|84|—|—|—|84|102|
|817E021 - Heat, Lighting & Water|4,824|—|—|—|4,824|5,345|
|818E025 - Church Insurance|2,824|—|—|—|2,824|2,735|
|819E027 - Publicity|—|—|191|—|191|—|
|821E033 - Miscellaneous|333|—|—|—|333|415|
|822E034 - Catering|714|—|21|—|736|34|
|825E019 - Flowers|—|—|570|—|570|—|
|829E047 - Caretakers Salary|3,937|—|—|—|3,937|3,840|
|829E048 - Tax and NI Payments to HMRC|(30)|—|—|—|(30)|154|
|832E008 - Youth|—|—|—|—|—|8|
|832E009 - Junior Church|402|—|—|—|402|131|
|833E010 - Holiday Club|—|—|—|—|—|189|
|833E011 - Youth & Families worker|—|—|—|—|—|18,099|
|833E012 - Youth & Families Worker Pension|—|—|—|—|—|860|
|841E081 - Manse Heat, Light & Water|619|—|—|—|619|1,236|
|842E075 - Manse Council Tax|2,527|—|—|—|2,527|2,432|
|843E094 - Manse Telephone|534|—|—|—|534|520|
|844E076 - Manse Maintenance|1,189|—|—|—|1,189|23|
|845E082 - Manse Insurance|531|—|—|—|531|492|
|846E087 - Ministers Stipend|25,236|—|—|—|25,236|24,732|
|848E088 - Ministers Superannuation|6,623|—|—|—|6,623|6,641|
|849E090 - Ministers motor/travel expenses|376|—|—|—|376|77|
|850E099 - Pulpit Supplies|—|—|—|—|—|13|
|871E023 - Church Phone & Broadband|581|—|—|—|581|440|
|872E029 - Copy, Post, Stationery|1,119|—|—|—|1,119|603|
Page: 10 of 15
Charity No: 1127930 2023-01-31
|873E137 - Administrators salary|4,924|—|—|—|4,924|4,788|
|---|---|---|---|---|---|---|
|880E001 - Computer Software|260|—|—|—|260|424|
|881E068 - Subscriptions|512|—|—|—|512|537|
|882E071 - Donations|550|—|—|—|550|550|
|887E065 - Expenditure on Activities|22|—|—|—|22|—|
|903E003 - Depreciation|4,259|—|—|—|4,259|3,733|
|**Expenditure on charitable activities**|**78,144**|**466**|**14,379**|**—**|**92,989**|**99,190**|
## **6. Other expenditure**
71E029 - Envelope Scheme 56 — — — 56 — **Other expenditure Totals 56 — — — 56 — 78,200 466 14,379 — 93,046 99,190 Expenditure Grand totals**
**2. D3 3. D4 4. D5 5. D6**
Page: 11 of 15
Charity No: 1127930 2023-01-31
## **Kirby Muxloe Free Church**
## **Notes to the Accounts**
## **For the period 01 October 2021 to 30 September 2022**
## **6. Tangible Fixed Assets**
## **7. Tangible Fixed Assets**
Page: 12 of 15
Charity No: 1127930 2023-01-31
**Kirby Muxloe Free Church**
## **Notes to the Accounts For the period 01 October 2021 to 30 September 2022**
## **8. Debtors**
||**This**
**Last**|
|---|---|
||**Unrestricted**
**Restricted**
**Endowment**
**Year**
**Year**|
||**£**
**£**
**£**
**£**
**£**|
|||
|||
|Church: Building & Contents Ins|2,209.89
-
-
2,209.89
2,013.51|
|Manse: Building Insurance|126.15
-
-
126.15
116.27|
|
Debtors|213.00
-
-
213.00
0.00|
||-
-
-
-
-|
|**Total**|**2,549.04**
**2,549.04**
**2129.78**|
## **9. Bank and Cash balances**
||**This**
**Last**|
|---|---|
||**Unrestricted**
**Restricted**
**Endowment**
**Year**
**Year**|
||**£**
**£**
**£**
**£**
**£**|
|Co-operative Bank Account|32,997.62
9,344.42
-
42,342.04
38,623.13|
|Baptist Union Deposit|57,552.80
-
-
57,522.80
57,017.23|
|
Cash|0.00
-
-
0.00
0.00|
|||
|**Total**|90,550.42
9,344.42
-
99,894.84
95,640.36|
## **10. Creditors**
|**Creditors**||
|---|---|
||**This**
**Last**|
||**Unrestricted**
**Restricted**
**Endowment**
**Year**
**Year**|
||**£**
**£**
**£**
**£**
**£**|
|**Amounts falling due within**
**one year:**||
|Accruals|1,637.02
-
-
1,637.02
897.77|
|||
|**Total**|**1,637.02**
**-**
-
**1,637.02**
**599.60**|
|||
|**Amounts falling due after**
**more than one year:**||
||-
-
-
-
-|
|**Total**|-
-
-
-
-|
Page: 13 of 15
Charity No: 1127930 2023-01-31
**Kirby Muxloe Free Church**
**For the period 01 October 2021 to 30 September 2022**
## **Notes to the Accounts**
## **11. Analysis of Net Assets**
||**Fixed Assets**
**Endowment**
**Current Assets**
**Total**|
|---|---|
||**£**
**£**
**£**
**£**|
|Endowment Funds|-
-
-
-|
|Restricted funds per Note 12|400,000
-
9,016
409,016|
|
Unrestricted funds|302,922
0.00
91,790
394,712|
|**Total**|**702,922**
**0.00**
**100,806**
**803,728**|
Note: Unrestricted funds = (General Fund + Designated Funds)
## **12. Fund Movement Summary**
Page: 14 of 15
Charity No: 1127930 2023-01-31
**Kirby Muxloe Free Church**
**Notes to the Accounts**
**For the period 01 October 2021 to 30 September 2022**
## **13. Pensions**
## **The Old Defined Benefit Plan**
The old Baptist Ministers’ Pension Scheme (“the Ministers’ Scheme”) was a multi-employer defined benefit scheme, which is funded and not contracted out of the state scheme. The Scheme started in 1925 and was closed on 31st December 2013. It has the Pension Scheme No 101395759. We paid contributions for several ministers over this period.
To limit further liability to churches resulting from the defined benefit nature of the defined benefit scheme, it was decided to draw a line under the defined benefit scheme on the 31 December 2013.
The church had an on-going liability to contribute towards the old scheme, which was to pay shortfall contributions represents 12% of pension contributions per year. We received notification from the Baptist Union that the performance of the scheme has been more successful than hoped and the deficit has been cleared much earlier than planned. As a result, the additional payment ceased in July-22 but the direct debit remained, charging a nominal amount of £1 per month to keep it live should the deficit widen again.
## **The Current Defined Contributions Scheme**
The Church is an employer participating in a pension scheme known as the Baptist Pension scheme. The _Minister_ is a member of this scheme.
The church to pays 10% of pensionable stipend towards benefits into the new plan for the _minister_ .
## **Pension Contributions**
Due to the nature of the scheme, the profit and loss charge for the period represents the employer contribution payable. The total pension cost for the Church was £7,020 (2021 - £7,502.33).
## **14. Related charities**
The custodian Trustee of the church is the Baptist Union Corporation Limited which is charity number 249635, and which is controlled by the Baptist Union Council. The church is also a member of the Baptist Union of Great Britain, and the East Midlands Baptist Association. The church made a donation to the Baptist Union Home Mission Scheme and Baptist Missionary Society as set out in note 3.
## **15. Reserves Policy**
The reserves of Kirby Muxloe Free Church are held in the BU deposit account. This supports the work of other Baptist Union Churches thus furthering our charitable objectives. In addition, the proceeds of a legacy remain in our main bank account pending use on charitable activities.
Our policy is, as far as possible, to retain a minimum of one months’ income as reserves for emergencies; such as repairs to the fabric of the building or other unforeseen events. In addition we need to maintain a cash float sufficient to cover the period between annual Gift Aid receipts.
Over the period 2022-2023 our reserves are adequate to cover these two requirements.
## **16. Going Concern**
The church remains a going concern with a good level of cash balances in both the current account and reserves held in the BU savings account which provide a buffer should unforeseen expenditure arise. There is a general concern in falling membership which is having an impact on church income, this is still sufficient at present to cover church expenses and bills, but could start to cause a drain on savings if numbers continue to decline.
Page: 15 of 15
Charity No: 1127930 2023-01-31
Accounts not yet audited by independent examiner.