OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-10-31-accounts

Baptist Bible Fellowship GB

Charity No. 1128422

Company No. 06716476

Trustees' Report and Unaudited Accounts

31 October 2021

Baptist Bible Fellowship GB CONTENTS

Pages
Trustees' Annual Report 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Accounts 6 to 11

Page 1

Baptist Bible Fellowship GB TRUSTEES ANNUAL REPORT

The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 October 2021.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. 06716476

Charity No. 1128422

Registered Office

29 Woodhill Road Colwyn Bay Wales LL29 7ES

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

L. Curtis L. James

K. Mills

Accountants

Pointon Young 33 Ludgate Hill Birmingham B3 1EH

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Signed on behalf of the board

L. Curtis Trustee 17 October 2022

Page 2

Baptist Bible Fellowship GB INDEPENDENT EXAMINERS REPORT

Independent Examiner's Report to the trustees of Baptist Bible Fellowship GB

I report to the charity trustees on my examination of the accounts of Baptist Bible Fellowship GB for the year ended 31 October 2021 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.

Having satisfied myself that the accounts of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

S Brown BA FCA Pointon Young 33 Ludgate Hill Birmingham B3 1EH

17 October 2022

Page 3

Baptist Bible Fellowship GB STATEMENT OF FINANCIAL ACTIVITIES

for the year ended 31 October 2021

Notes
Income and endowments
from:
Donations and legacies
3
Other
4
Total
Expenditure on:
Charitable activities
5
Other
6
Total
Net gains on investments
Net expenditure
7
Net expenditure before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2021
£
27,674
-		 Total funds
2021
£
27,674
-		 Total funds
2020
£
24,065
-
27,674
845
16,157		 27,674
845
16,157		 24,065
4,634
22,326
17,002
-		 17,002
-		 26,960
-
10,672 10,672 (2,895)
10,672 10,672 (2,895)
10,672
11,654
22,326		 10,672
11,654
22,326		 (2,895)
14,549
11,654

Page 4

Baptist Bible Fellowship GB BALANCE SHEET

at 31 October 2021

Company No.
06716476
Notes
Fixed assets
Tangible assets
9
Current assets
Debtors
10
Cash at bank and in hand
Creditors:Amount falling due within one year
11
Net current assets
Total assets less current liabilities
Net assets excluding pension asset or liability
Total net assets
The funds of the charity
Restricted funds
Unrestricted funds
General funds
12
Reserves
12
Total funds		 2021
£
9,897
9,897
-
14,191
14,191
(1,762)
12,429
22,326
22,326
22,326
22,326
22,326
22,326		 2020
£
5,416
5,416
360
7,298
7,658
(1,420)
6,238
11,654
11,654
11,654
11,654
11,654
11,654

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 31 October 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on 17 October 2022

And signed on its behalf by:

L. Curtis Trustee

Page 5

Baptist Bible Fellowship GB NOTES TO THE ACCOUNTS

for the year ended 31 October 2021

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.

Income

Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 6

Baptist Bible Fellowship GB NOTES TO THE ACCOUNTS

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.

Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Fixtures and Fittings

25% Straight Line

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Page 7

Baptist Bible Fellowship GB NOTES TO THE ACCOUNTS

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Page 8

Baptist Bible Fellowship GB NOTES TO THE ACCOUNTS

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

4
Other income
5
Expenditure on charitable activities
Fellowship activities		 Unrestricted
£
27,674
27,674
Unrestricted

£
-
-
Unrestricted
£
845
845		 Total
2021
£
27,674
27,674
Total

2021
£
-
-
Total
2021
£
845
845		 Total
2020
£
24,065
24,065
Total
2020
£
-
-
Total
2020
£
4,634
4,634

Page 9

Baptist Bible Fellowship GB NOTES TO THE ACCOUNTS

6 Other expenditure

Establishment costs
Depreciation
General administrative costs
Legal and professional costs
7
Net expenditure before transfers
This is stated after charging:
Depreciation of owned fixed assets
8
Staff costs
No employee received emoluments in excess of £60,000.
9
Tangible fixed assets
Cost or revaluation
At 1 November 2020
Additions
At 31 October 2021
Depreciation and
Impairment
At 1 November 2020
Depreciation charge for the
year
At 31 October 2021
Net book values
At 31 October 2021
At 31 October 2020
10Debtors
Other debtors		 Unrestricted
£
9,333
4,270
1,798
756
16,157
2021
£
4,270

2021
£
-
-		 Total
2021
£
9,333
4,270
1,798
756
16,157
Fixtures and

Fittings
£
17,266
8,751
26,017
11,850
4,270
16,120

9,897
5,416
 Total
2020
£
16,513
3,281
1,795
737
22,326
2020
£
3,281
Total

£
17,266
8,751
26,017
11,850
4,270
16,120
9.897
5,416
2020
£
360
360

Page 10

Baptist Bible Fellowship GB NOTES TO THE ACCOUNTS

Baptist Bible Fellowship GB
NOTES TO THE ACCOUNTS
11Creditors:
amounts falling due within one year
Accruals and deferred income
12Movement in funds
Restricted funds:
Unrestricted funds:
General funds
Revaluation Reserves:
Total funds
13Analysis of net assets between funds
Fixed assets
Net current assets		 At 1
November
2020
11,654
11,654		 2021
£
1,762
1,762
Incoming
resources
(including
other
gains/losses)
£
27,674
27,674
Resources
expended
£
(17,002)
(17,002)
Unrestricted
funds
£
9,897
12,429
22,326		 2020
£
1,420
1,420
At 31
October
2021
£
22,326
22,326
Total
£
9,897
12,429
22,326

14 Related party disclosures

Controlling party

The company is limited by guarantee and has no share capital; thus, no single party controls the company.

Page 11