2022-10-31-accounts - Baptist Bible Fellowship GB

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Baptist Bible Fellowship GB

Charity No. 1128422

Company No. 06716476

Trustees' Report and Unaudited Accounts

31 October 2022

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 2022.

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 3 March 2023

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 2022 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:

accounting records were not kept in accordance with section 386 of the 2006 Act: or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements under section 396 of the 2006 Act 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: or
the accounts have not been prepared in accordance with the Charities SORP (FRS 102).

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

3 March 2023

Page 3

Baptist Bible Fellowship GB STATEMENT OF FINANCIAL ACTIVITIES

for the year ended 31 October 2022

Unrestricted funds 2022 £ 26,648 7,690	Total funds 2022 £ 26,648 7,690	Total funds 2021 £ 20,448 7,226
34,338 7,129 33,702	34,338 7,129 33,702	27,674 845 16,157
40,831 1	40,831 1	17,002 -
(6,492)	(6,492)	10,672
(6,492)	(6,492)	10,672
(6,492) 22,326 15,834	(6,492) 22,326 15,834	10,672 11,654 22,326

Page 4

Baptist Bible Fellowship GB BALANCE SHEET

at 31 October 2022

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	2022 £ 6,384 6,384 186 11,193 11,379 (1,929) 9,450 15,834 15,834 15,834 15,834 15,834 15,834	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

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 2022 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 3 March 2023

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 2022

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.

Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA.
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.

Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.

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.

3 Income from donations and legacies

4 Other income Income from Student/classes 5 Expenditure on charitable activities Fellowship activities	Unrestricted £ 26,648 26,648 Unrestricted £ 7,690 7,690 Unrestricted £ 7,129 7,129	Total 2022 £ 26,648 26,648 Total 2022 £ 7,690 7,690 Total 2022 £ 7,129 7,129	Total 2021 £ 20,448 20,448 Total 2021 £ 7,226
			7,226
			Total 2021 £ 845 845

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 2021 Additions At 31 October 2022 Depreciation and Impairment At 1 November 2021 Depreciation charge for the year At 31 October 2022 Net book values At 31 October 2022 At 31 October 2021 10Debtors Other debtors	Unrestricted £ 27,371 3,513 2,023 795 33,702 2022 £ 3,513 2022 £ 186 186	Total 2022 £ 27,371 3,513 2,023 795 33,702 Fixtures and Fittings £ 26,017 - 26,017 16,120 3,513 19,633 6,384 9,897	Total 2021 £ 9,333 4,270 1,798 756
			16,157
			2021 £ 4,270 Total £ 26,017 -
			26,017
			16,120 3,513
			19,633
			6,384
			9,897
			2021 £ - -

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, deferred income and other creditors 12Movement in funds At 1 November 2021 Restricted funds: Unrestricted funds: General funds 22,326 Revaluation Reserves: Total funds 22,326 13Analysis of net assets between funds Fixed assets Net current assets	2022 £ 1,929 1,929 Incoming resources (including other gains/losses) £ 34,339 34,339	Resources expended £ (40,831) (40,831) Unrestricted funds £ 6,384 9,450 15,834	2021 £ 1,762 1,762 At 31 October 2022 £ 15,834
			15,834
			Total £ 6,384 9,450
			15,834

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