2022-12-31-accounts

RAYLEIGH BAPTIST CHURCH UNAUDITED FINANCIAL STATEMENTS 31 DECEMBER 2022

Charity Number : 1128501

Edmund Carr LLP Chartered Accountants 146 New London Road Chelmsford Essex CM2 0AW

RAYLEIGH BAPTIST CHURCH

FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2022

CONTENTS	PAGE
Trustees' annual report	1
Independent Examiner's report to the Trustees	8
Statement of financial activities	9
Balance sheet	10
Notes to the financial statements	11

RAYLEIGH BAPTIST CHURCH

TRUSTEES' ANNUAL REPORT

YEAR ENDED 31 DECEMBER 2022

Trustees	Rev. Ricky Rew
	Stuart Conway	(post concluded 30 June 2022)
	Linda Harrison
	Paul Wheeler
	David Goddard	(post concluded 20 November 2022)
	Lynn Dobson
	Carol Jones	(brief period out July to October 2022)
	Steve Brett	(resigned 30 June 2022)
	Viki James
	Belinda Dolan
	Darren Stainer	(appointed 20 November 2022)
	Isaac Acquah	(appointed 21 June 2022)
Charity number	1128501
Principal address	High Street
	Rayleigh
	SS6 7QA
Independent examiner	Edmund Carr LLP
	146 New London Road
	Chelmsford
	Essex
	CM2 0AW

1

RAYLEIGH BAPTIST CHURCH

TRUSTEES' ANNUAL REPORT (continued)

YEAR ENDED 31 DECEMBER 2022

The Trustees present their annual report together with the financial statements of Rayleigh Baptist Church for the year ended 31 December 2022. The Trustees confirm that the Annual Report and financial statements of the charity comply with the current statutory requirements of the charity’s governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland.

Objectives and Activities

a) Policies and objectives

By relying on the Bible as our ultimate authority in all respects, Rayleigh Baptist Church exists:

• To bring people into God's family, through personal and corporate telling and living the Good News of Jesus; working as much as possible in our local community through involvement with the Town Council and other local agencies as well as supporting and partnering with overseas mission agencies.

• To walk with people to grow in their discipleship of Jesus through the running of small groups for Members and others, including young people, and through the running of occasional teaching sessions and through preaching the Word of God.

• To equip people for ministry and mission by taking care of the needs of members, in terms of developing their faith, supporting those who are weak or poor and equipping them for Christian service, through the power and presence of the Holy Spirit and to exercise the gifts of the Holy Spirit; by financially supporting Members involved with other Christian missions or training to do so; by financially supporting other Baptist Churches (through BU Home Mission) and overseas missions.

• All for God's glory. We want to live out our faith as a church and individuals in such a way as to please God and to be a beacon to others, leading them towards a knowledge of the saving grace of Jesus through our worship, words, and actions.

b) Activities for achieving objectives

Our first objective is strongly linked to our community and our commitment here is reflected in our day-today ministries, both to the community of the church and, increasingly to the wider community of our town and the wider world.

For the Church and Local Community

* Carers' Café	- Monthly support for those who care for others and those
	who are cared for.
* Children & Youth events	- Programmes designed to introduce young people to
	Christianity, and grow in their faith while having fun
	together. This includes Boys Brigade and Girls Brigade.
* Community Café	- Weekly café for the community, especially for the needy
* Community use of our premises	- Rooms used by the community regularly
* Conservation of listed building	- Meeting our maintenance responsibilities
* Hope Carol Service	- Seasonal service remembering those we have lost
* PlayAway	- Weekly morning for parents or carers and toddlers to
	have fun together
* Seniors' events	- Monthly events and activities for the elderly – with
	transport.

2

RAYLEIGH BAPTIST CHURCH

TRUSTEES' ANNUAL REPORT (continued) YEAR ENDED 31 DECEMBER 2022

* Links with schools	- Primary school assemblies, lessons, prayer support,
	and transition sessions in preparation for Secondary
	School.
* Bereavement Group	- Help and support for those who have been bereaved.
* Open the book	- Working with other churches to take bible stories
	into school in a drama format.
* RBC Ramblers	- Monthly walks locally for RBC members and
	friends.
* Keep Fit	- A weekly session for women to get fit and get
	together.
* Life Groups	- The church members are split into small groups who
	do Life together, to pray, to share and encourage
	each other.
* Alpha course	- A course to introduce people to Christianity and
	Jesus, with an opportunity to ask questions.
* Connect groups	- These are in addition to life groups, where people
	with similar interests come together, and can invite
	their friends e.g. Boules, Quilting, Cycling,
	Prophetic Art, Book Club.
Men’s group	- Space for Men to connect, chat and strengthen each
	other.
Women’s group (Pearls)	- An opportunity for women to come together to
	share real life and explore faith.
For the Global Community
* Cry In The Dark Romania	- Visits to Romania giving love, care and practical
	help. Also providing presents at Christmas.
* To Kenya with Love	- Visit to Kenya to help at the School and in the
	community in Kisumu, Kenya
* Nehemiah Project	- Visits to Zimbabwe.
* Support for overseas aid	- Financial contributions to disaster emergencies via
	Tear Fund or BMS World Mission (BMS).
* Financial support to our overseas mission	- Cry in The Dark, To Kenya With Love, Nehemiah
partners	Project, Open Doors and El Puente, Cusco (BMS
	Peru).

c) Main activities undertaken to further the charity’s purposes for the public benefit

The Trustees are mindful of their duty in section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s general guidance on public benefit and also of its supplementary public guidance on the advancement of religion for the public benefit, when considering the objects of Rayleigh Baptist Church. During this year the Church has continued to be affected by the results of the Coronavirus. By the end of the year the majority of members had returned to in person meetings and activities, but some still only attended online or watched pre-recorded meetings. The Trustees still believe that what has been able to take place has provided public benefit to both members of the congregation and to a lesser extent the wider community.

In the March Church Members meeting, which was an in-person meeting, we ratified all the decisions made over zoom in order to be in line with our constitution.

3

RAYLEIGH BAPTIST CHURCH TRUSTEES' ANNUAL REPORT (continued) YEAR ENDED 31 DECEMBER 2022

Achievements and Performance

Ministers

Rev. Stuart Conway, one of the Ministers in Training, left in June 2022 after completing his training, and being ordained on 25th June 2022. God called him shortly after, together with his family, to Tove Valley Baptist Fellowship in Towcester. The remaining minister, Rev. Ricky Rew, assisted by Paul Wheeler, a Minister in Training, who is studying at the Light College and the Northern Baptist College, have been leading the church in a number of teaching series focusing on key areas such as Wellbeing, Book of Ruth, Studies in 1 Peter, Living All In, Values Revisited, Growing and Going, Everyday practices, Everyday People, and finally Love Actually. As a consequence, the church has increasingly sought to become more active in building relationships with and serving the local community. In May, Rev. Ricky Rew had an operation to repair the torn meniscus in his knee and was then off for 2 weeks, followed by a phased return to work with limited mobility for the remainder of the year.

Vision

We are still following our purpose and values statements which come out of working with Lead Academy, and although the 2020 Vision timeframe has come to an end, we are still following its principles.

Membership and Baptism

The church membership has decreased by 16 from 218 in 2022 to 202, due to 10 resignations, 8 transfers away, 4 deaths and 6 new members.

Youth and Children’s Work

Claire King, the Children and Families worker, working part time, initially supported by Ricky, and later in the year by Hannah Lantaff, who started a placement while studying Theology, Ministry and Mission (Children, Youth and Families Track) at Bristol Bible College. Claire left in August, but Hannah continued in her role.

There was no holiday club or Glo party due to the Coronavirus pandemic. The Children’s work and Sunday School finally returned to in person gatherings, as did Boys Brigade and Girls Brigade. PlayAway also met regularly.

4

RAYLEIGH BAPTIST CHURCH

TRUSTEES' ANNUAL REPORT (continued)

YEAR ENDED 31 DECEMBER 2022

Attendances on Sundays and Life Groups

We do not keep a record of attendance, but we believe that the number of those regularly worshipping with us over the year has remained broadly unchanged, whether in person or online. Life Groups continue with the aim of supporting the fellowship to grow in their discipleship and to be better rooted in God’s Word, again gradually moving from zoom to in person gatherings.

Although in person meetings were the norm, the services were still made available online and available on YouTube, which allowed people from outside of the fellowship to join us, as well as those that still wanted to isolate. During this time masks were optional, and congregational singing returned.

Life groups started meeting in person, but one or two still met via zoom, initially due to vulnerabilities but in the end for some this was a more practical option.

Still a lot of time was spent supporting people with their spiritual, mental, and physical health following the pandemic, which for some had been a very lonely time as they were unable to get out, due to “shielding” and other factors.

There were Sunday evening “Talk the Talk” sessions, dealing with topical issues such as Sexuality, Gender, and the Environment, plus a healing service and Encounter worship nights.

Premises Development

We went out to tender to six building contractors to refurbish the Church Hall and Base. Three tenders were taken forward and discussions had with each contractor. This resulted in Harvek being selected, and a contract placed to cover Phase 1 to get us to a watertight situation, using the initial £400,000 already raised. Harvek started at the beginning of October. Then letters were sent out to church members and regular attenders asking for further gifts and loans towards the total expected cost of £1.25 million, as well as started looking into other sources of funding.

General Governance

During the year a new safeguarding policy was developed. The data protection policy and GDPR policy was reviewed along with our internal financial controls. A simplified membership policy was also developed.

Covid Pandemic

The year started with our on-site activities being restricted based on careful risk assessment and regular reviews, as the situation changed. By the end of the year all restrictions ceased, although some still preferred to wear masks. The Staff Team returned to the office, initially with revised working practices and precautions in place.

5

RAYLEIGH BAPTIST CHURCH

TRUSTEES' ANNUAL REPORT (continued) YEAR ENDED 31 DECEMBER 2022

Financial Review

a) Going concern

After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

b) Reserves policy

The trustees aim to hold General Fund free reserves of approximately 3 months of committed expenditure. There are additional reserves held for premises development and repairs, which will start to be used following approval this year to the Base Refurbishment Project. Given the pressures on church members, because of the coronavirus pandemic, the giving has continued remarkably well, and we have been blessed compared to some other churches locally and Baptist Churches nationwide.

c) Principal funding

The principal funding sources of the charity are primarily voluntary donations.

d) Material investments policy

There have been no significant changes to the assets held by Rayleigh Baptist Church in 2022. At the end of the year we had 100% of the value of 6 Hilary Crescent as our only manse, which had been revalued in 2021. The minibus was sold as it was not being used and finding drivers was getting harder. New chairs were purchased to enable more flexibility of the available space during the building project.

Structure, governance and management

a) Constitution

The Church is known as Rayleigh Baptist Church (RBC) and is affiliated to the Baptist Union of Great Britain. The Trustees operate within the terms of the constitution dated 27 January 2009. Charitable status was granted by the Charity Commission in March 2009: Registered Charity Number 1128501.

b) Method of appointment or election of Trustees

The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Constitution.

c) Organisational structure and decision making

The church is led and managed by the Trustees, consisting of one ordained full-time Minister, two Ministers in Training (going down to one during the year), two elders initially, increasing to three and six deacons (going down to four during the year), all having designated areas of responsibility. Additionally, there are many more Members who play important roles as leaders of small groups, church organisations and a wide variety of ministries to all ages, both within the church family and, increasingly, in the wider community. The contribution made by so many willing and reliable volunteers cannot be overstated.

6

RAYLEIGH BAPTIST CHURCH

TRUSTEES' ANNUAL REPORT (continued)

YEAR ENDED 31 DECEMBER 2022

Plans for future periods

Future developments

As the fellowship at Rayleigh Baptist Church, we intend to seek new opportunities to further develop the relationships within the local community in this coming year both through the refurbishment of our Base building and also by working in other locations as opportunities allow.

This report was approved by the Trustees on 25 September 2023 and signed on their behalf by:

Rev. Ricky Rew Chair of Trustees

7

RAYLEIGH BAPTIST CHURCH

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES

YEAR ENDED 31 DECEMBER 2022

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2022 which are set out on pages 9 to 23.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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

1. accounting records were not kept in respect of the charity 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 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 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.

Colin Barker FCA

146 New London Road Chelmsford CM2 0AW

25 September 2023

8

RAYLEIGH BAPTIST CHURCH

STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 31 DECEMBER 2022

Note INCOME FROM: Donations and legacies 2 Charitable activities 3 Investments 4 TOTAL INCOME EXPENDITURE ON: Charitable activities 5 TOTAL EXPENDITURE NET INCOME / (EXPENDITURE) Transfers between funds Other recognised gains: Gain on revaluation of fixed assets NET MOVEMENT IN FUNDS Reconciliation of funds: Total Funds brought forward Total Funds carried forward 13/14	Unrestricted Funds £ 243,718 18,133 1,871 263,722 421,562 421,562 (157,840) - - (157,840) 438,574 280,734	Restricted Funds £ 18,588 3,082 2,135 23,805 19,997 19,997 3,808 - - 3,808 559,128 562,936	Total Funds 2022 £ 262,306 21,215 4,006 287,527 441,559 441,559 (154,032) - - (154,032) 997,702 843,670	Total Funds 2021 £ 240,001 7,432 471
				247,904
				245,019
				245,019
				2,885 - 50,000
				52,885 944,817
				997,702

The charity has no recognised gains or losses other than the results for the period as set out above.

The notes on pages 11 to 23 form part of these financial statements.

9

RAYLEIGH BAPTIST CHURCH BALANCE SHEET AS AT 31 DECEMBER 2022

BALANCE SHEET AS AT31 DECEMBER 2022
		2022		2021
	Note	£	£	£	£
FIXED ASSETS
Tangible assets	10		398,801		386,044
CURRENT ASSETS
Debtors	11	19,246		24,702
Cash at bank		478,058		592,786
		497,304		617,488
CREDITORS: Amounts falling
due within one year	12	(52,435)		(5,830)
NET CURRENT ASSETS			444,869		611,658
NET ASSETS			843,670		997,702
FUNDS OF THE CHARITY
Restricted funds			562,936		559,128
Unrestricted funds
Designated Funds			110,047		211,612
General unrestricted funds			170,687		226,962
Total unrestricted funds			280,734		438,574
TOTAL CHARITY FUNDS			843,670		997,702

These financial statements were approved by the Trustees on 25 September 2023 and are signed on their behalf by:

Rev. Ricky Rew Chair of Trustees

The notes on pages 11 to 23 form part of these financial statements.

10

RAYLEIGH BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2022

1. ACCOUNTING POLICIES

Statement of compliance

The financial statements 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) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Practice.

The accounts (financial statements) have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following 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) rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Exemption from preparing a cash flow statement

The charity has opted for the exemption under Update Bulletin 1 from including a cash flow statement.

Basis of preparation

Rayleigh Baptist Church constitutes a public benefit entity as defined by FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.

Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate.

Donated services or facilities are recognised when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the charity of the item is probable and that economic benefit can be measured reliably. On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

11

RAYLEIGH BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2022

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use.

Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities, Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

Charitable activities and Governance costs are costs incurred on the charity's operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

All expenditure is inclusive of irrecoverable VAT.

Tax status

Rayleigh Baptist Church is a registered charity and is not subject to corporation tax on its charitable activities.

Tangible fixed assets and depreciation

Tangible fixed assets are carried at cost or valuation , net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold property	- no depreciation charged
Motor vehicles	- 5 years straight line
Equipment	- 5 to 20 years straight line

The charity has adopted the revaluation model to revalue items of property, plant and equipment whose fair value can be measured reliably. The revaluations shall be made with sufficient regularity to ensure that the carrying amount does not differ materially from that which would be determined using fair value at the end of the reporting period.

The fair value of land and buildings is usually determined from market-based evidence by appraisal that is normally undertaken by professionally qualified valuers. The fair value of items of plant and

12

RAYLEIGH BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2022

Debtors

Trade and other debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash at Bank and in hand

Cash and cash equivalents comprise cash on hand and deposits.

Creditors

Creditors are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Creditors are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Defined contribution pension plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

Government grants

Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Fund accounting

Unrestricted general funds – these are funds which can be used in accordance with the charitable objects at the discretion of the trustees.

Designated funds – these are funds set aside by the trustees out of unrestricted funds for specific future purposes or projects.

Restricted funds – these are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

13

RAYLEIGH BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2022

2. DONATIONS AND LEGACIES Unrestricted Funds £ Donations 243,718 Government grants - Job retention scheme - 243,718 Total 2021 226,339 3. INCOME FROM CHARITABLE ACTIVITIES Unrestricted Funds £ Church activities 18,133 18,133 Total 2021 6,149 4. INVESTMENT INCOME Unrestricted Funds £ Bank interest receivable 1,871 Total 2021 149	Restricted Funds £ 18,588 - 18,588 13,662 Restricted Funds £ 3,082 3,082 1,283 Restricted Funds £ 2,135 322	Total Funds 2022 £ 262,306 - 262,306 240,001 Total Funds 2022 £ 21,215 21,215 7,432 Total Funds 2022 £ 4,006 471	Total Funds 2021 £ 238,594 1,407
			240,001
			Total Funds 2021 £ 7,432
			7,432
			Total Funds 2021 £ 471

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RAYLEIGH BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2022

5. EXPENDITURE ON CHARITABLE ACTIVITIES

Church activities Total 2021	Activities undertaken directly £ 144,513 144,513 136,570	Grant funding of activities (Note 8) £ 48,345 48,345 57,138	Support & governance costs (Note 6) £ 248,701 248,701 51,311	Total Funds 2022 £ 441,559 441,559 245,019	Total Funds 2021 £ 245,019
					245,019

6. ANALYSIS OF SUPPORT COSTS

Light, heat and rates Repairs and maintenance Premises development Insurance Minibus expenses Printing, postage and stationery Telephone General administration Advertising Legal and professional fees Depreciation Gain on disposal of fixed assets Governance costs (Note 7)	Total Funds 2022 £ 7,133 33,966 188,530 5,636 1,514 2,986 312 6,211 477 - 3,314 (5,000) 3,622 248,701	Total Funds 2021 £ 5,073 15,565 8,315 4,971 3,518 2,952 357 4,264 568 331 1,957 - 3,440
		51,311

7. GOVERNANCE COSTS

Independent examination Accounts preparation Fees payable to Independent Examiner	Unrestricted Funds £ 1,942 1,680 3,622	Restricted Funds £ - - -	Total Funds 2022 £ 1,942 1,680 3,622	Total Funds 2021 £ 1,840 1,600
				3,440

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RAYLEIGH BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2022

8. ANALYSIS OF GRANTS

ANALYSIS OF GRANTS
Church activities Total 2021 Grants to institutions	Grants to institutions £ 40,116 42,095	Grants to individuals £ 8,229 15,043	Total Funds 2022 £ 48,345 57,138	Total Funds 2021 £ 57,138

B U Home Missions BMS World Missions Cry In The Dark Havens Hospices To Kenya With Love Peru Nehemiah project Open Doors Other Missions and Charities Bar 'n' Bus Trust Total 2021	Unrestricted Funds £ 9,500 - 3,000 1,650 3,000 3,000 3,000 3,000 - 1,500 27,650 34,850	Restricted Funds £ - - 5,466 - 113 1,003 - - 5,884 - 12,466 7,245	Total Funds 2022 £ 9,500 - 8,466 1,650 3,113 4,003 3,000 3,000 5,884 1,500 40,116 42,095	Total Funds 2021 £ 12,500 - 4,633 1,650 5,142 4,650 3,831 4,113 4,076 1,500
				42,095

Grants to individuals

RBC Fellowship Fund Other Missions and Charities Total 2021	Unrestricted Funds £ - 3,640 3,640 4,140	Restricted Funds £ 4,589 - 4,589 10,903	Total Funds 2022 £ 4,589 3,640 8,229 15,043	Total Funds 2021 £ 9,338 5,705
				15,043

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RAYLEIGH BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2022

9. ANALYSIS OF STAFF COSTS

ANALYSIS OF STAFF COSTS
Wages and salaries Social security costs Pension costs	2022 £ 100,097 2,653 7,669 110,419	2021 £ 101,170 3,518 10,331
		115,019

None of the employees' emoluments exceeded £60,000.

The average number of employees during the year, by head count, was as follows:

The average number of employees during the year, by head count, was	as follows:
Ministers and pastoral staff Administrative, caretaking and cleaning staff	2022 No. 2 4 6	2021 No. 2 4
		6

Three trustees been remunerated or have received other benefits from employment with the charity.

The trustees only receive remuneration in respect of services they provide under their contracts of employment, and not in respect of their role as trustees. The value of trustees' remuneration is as follows:

	2022	2021
	£	£
R Rew (Minister)
Remuneration	31,316	31,789
Employer's pension contributions	4,724	7,301
P Wheeler (Minister)
Remuneration	20,875	-
Employer's pension contributions	1,044	-
S Conway (Minister)
Remuneration	5,978	19,333
Employer's pension contributions	311	967

Expenses totalling £3,183 (2021: £1,737) were reimbursed to or paid on behalf of 2 (2021: 3) trustees during the year for reasonable travel and accommodation costs.

The remuneration benefits of key management personnel totalled £66,052 (2021: £68,685).

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RAYLEIGH BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2022

10. TANGIBLE FIXED ASSETS

Cost or valuation At 1 January 2022 Additions Disposals At 31 December 2022 Depreciation At 1 January 2022 Charge for year On disposals At 31 December 2022 Net book value At 31 December 2022 At 31 December 2021	Freehold property £ 375,000 - - 375,000 - - - - 375,000 375,000	Motor vehicles £ 23,000 - (23,000) - 23,000 - (23,000) - - -	Equipment £ 14,991 16,072 - 31,063 3,948 3,314 - 7,262 23,801 11,043	Total £ 412,991 16,072 (23,000)
				406,063
				26,948 3,314 (23,000)
				7,262
				398,801
				386,043

The freehold property was last revalued on 11 October 2021 by Lewis Valuation. Its historical cost is £150,000.

Charity Heritage Assets

The church building, which is central to the objectives and activities of the charity, meets the definition of a heritage asset and as such is not included on the balance sheet due to the age of the building and the impracticalities of ascertaining the original cost or donated valuation. Given the age of the building, the original cost of the building would be immaterial to the accounts and given the restrictions on its use and disposal, a current valuation would not be practical or relevant.

11. DEBTORS Prepayments and accrued income Tax recoverable 12. CREDITORS: Amounts falling due within one year Taxation and social security Other creditors Accruals and deferred income	2022 £ 7,527 11,719 19,246 2022 £ 1,830 46,609 3,996 52,435	2021 £ 15,007 9,695
		24,702
		2021 £ 1,447 284 4,099
		5,830

18

RAYLEIGH BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 DECEMBER 2022

13. RESTRICTED FUNDS Balance at 01/01/2022 £ a) 9 Paignton Close Fund 155,670 b) 6 Hilary Crescent Fund 375,000 c) BMS World Missions 3,192 d) Boys Brigade 3,171 e) Cry in the Dark 284 f) Fellowship Funds Gifts 1,118 g) Girls Brigade 508 h) Minibus replacement 15,883 j) Student / Mission Fund 61 k) To Kenya with Love 45 l) Carers Cafe 3,326 Donations to other organisations 870 559,128 Prior year restricted funds movement: Balance at 01/01/2021 £ a) 9 Paignton Close Fund 155,348 b) 6 Hilary Crescent Fund 325,000 c) BMS World Missions 2,877 d Boys Brigade 3,141 e) Cry in the Dark 263 f) Fellowship Funds Gifts 2,111 g) Girls Brigade 725 h) Minibus replacement 15,852 i) Mission Strategy 2,625 j) Student / Mission Fund 61 k) To Kenya with Love 1,222 l) Carers Cafe 4,203 m) Church Holiday (1,150) o) Open Doors - p) Nehemiah Project - Donations to other organisations 928 513,206	Balance at 01/01/2022 £ 155,670 375,000 3,192 3,171 284 1,118 508 15,883 61 45 3,326 870	Gains & Income Expenditure Transfers £ £ £ 2,135 - - - - - 875 (1,003) - 2,042 (1,937) - 6,056 (5,466) - 3,169 (4,589) - 473 (376) - - - - - - - 673 (113) - 567 (629) - 7,815 (5,884) - 23,805 (19,997) - Income Expenditure Transfers £ £ £ 322 - - - - 50,000 965 (650) - 811 (781) - 854 (833) - 8,345 (9,338) - 262 (479) - 31 - - - - (2,625) - - - 165 (1,342) - 50 (927) - 160 - 990 313 (313) - 31 (31) - 2,958 (5,641) 2,625 15,267 (20,335) 50,990 Movement in funds Movement in funds	Gains & Income Expenditure Transfers £ £ £ 2,135 - - - - - 875 (1,003) - 2,042 (1,937) - 6,056 (5,466) - 3,169 (4,589) - 473 (376) - - - - - - - 673 (113) - 567 (629) - 7,815 (5,884) - 23,805 (19,997) - Income Expenditure Transfers £ £ £ 322 - - - - 50,000 965 (650) - 811 (781) - 854 (833) - 8,345 (9,338) - 262 (479) - 31 - - - - (2,625) - - - 165 (1,342) - 50 (927) - 160 - 990 313 (313) - 31 (31) - 2,958 (5,641) 2,625 15,267 (20,335) 50,990 Movement in funds Movement in funds	Gains & Income Expenditure Transfers £ £ £ 2,135 - - - - - 875 (1,003) - 2,042 (1,937) - 6,056 (5,466) - 3,169 (4,589) - 473 (376) - - - - - - - 673 (113) - 567 (629) - 7,815 (5,884) - 23,805 (19,997) - Income Expenditure Transfers £ £ £ 322 - - - - 50,000 965 (650) - 811 (781) - 854 (833) - 8,345 (9,338) - 262 (479) - 31 - - - - (2,625) - - - 165 (1,342) - 50 (927) - 160 - 990 313 (313) - 31 (31) - 2,958 (5,641) 2,625 15,267 (20,335) 50,990 Movement in funds Movement in funds	Balance at 31/12/2022 £ 157,805 375,000 3,064 3,276 874 (302) 605 15,883 61 605 3,264 2,801
	559,128	23,805	(19,997)	-	562,936
					Balance at 31/12/2021 £ 155,670 375,000 3,192 3,171 284 1,118 508 15,883 - 61 45 3,326 - - - 870
a) 9 Paignton Close Fund b) 6 Hilary Crescent Fund c) BMS World Missions d Boys Brigade e) Cry in the Dark f) Fellowship Funds Gifts g) Girls Brigade h) Minibus replacement i) Mission Strategy j) Student / Mission Fund k) To Kenya with Love l) Carers Cafe m) Church Holiday o) Open Doors p) Nehemiah Project Donations to other organisations
	513,206	15,267	(20,335)	50,990	559,128

19

RAYLEIGH BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 DECEMBER 2022

13. RESTRICTED FUNDS (continued)

• a) 9 Paignton Close fund Former manse for Senior Minister - previously owned 73% by the church and 27% by the senior minister and his wife.

• b) 6 Hilary Crescent fund

Manse for Minister - owned 100% by the church.

• c) BMS World Missions fund

Donations received from various individuals and later paid to the Mission.

• d) Boys' Brigade fund

Operated by and exclusively for the activities of the Boys' Brigade.

• e) Cry In The Dark fund Funds received (e.g. from Carol Services Offerings and personal gifts) later paid to the charity.

• f) Fellowship Gifts to Members fund Funds raised to enable the church to make charitable gifts to those within or linked to the fellowship.

• g) Girls' Brigade fund

Operated by and exclusively for the activities of the Girls' Brigade.

• h) Minibus Replacement fund Donations received for minibus replacement. (note —the church also has a designated fund for this purpose).

• i) Mission Strategy Donations to overseas missionary organisations.

• j) Student/Mission Members' fund Funds donated to support students/Members in short-term Christian missions.

• k) To Kenya With Love (TKWL) Providing a better future for children in Kisumu, Kenya.

• l) Carer's cafe grant fund

Monthly support for those who care for others.

• n) Megacentre

Funds raised to support the work of Megacentre.

20

RAYLEIGH BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2022

14. UNRESTRICTED FUNDS

Balance at 01/01/2022 £ Designated funds ii) New Minibus Fund 7,745 iii) Playaway 595 iv) Premises R&R 2,469 v) Premises Development 183,542 vi) Womens Hour 519 vii) Ministry Training Fund 16,036 viii) Community Café 706 211,612 General funds General Fund 113,601 General Legacies 58,361 Main Fund Reserve 55,000 226,962 438,574 Prior year unrestricted funds movement: Balance at 01/01/2021 £ Designated funds i) Keep Fit 4 ii) New Minibus Fund 7,745 iii) Playaway 870 iv) Premises R&R 2,469 v) Premises Development 130,704 vi) Womens Hour 519 vii) Ministry Training Fund 19,844 viii) Community Café - 162,155 General funds General Fund 156,095 General Legacies 58,361 Main Fund Reserve 55,000 269,456 431,611	Gains, losses Income Expenditure & transfers £ £ £ - - - 1,286 (125) - - - (2,469) 35,740 (188,530) 60,830 - - - - (8,297) - - - - 37,026 (196,952) 58,361 226,696 (224,610) - - - (58,361) - - - 226,696 (224,610) (58,361) 263,722 (421,562) - Gains, losses Income Expenditure & transfers £ £ £ - - (4) - - - 370 (645) - - - - 20,653 (8,315) 40,500 - - - - (3,808) - 226 - 480 21,249 (12,768) 40,976 211,388 (211,916) (41,966) - - - - - - 211,388 (211,916) (41,966) 232,637 (224,684) (990) Movement in funds Movement in funds	Balance at 31/12/2022 £ 7,745 1,756 - 91,582 519 7,739 706
		110,047
		115,687 - 55,000
		170,687
		280,734
		Balance at 31/12/2021 £ - 7,745 595 2,469 183,542 519 16,036 706
		211,612
		113,601 58,361 55,000
		226,962
		438,574

21

RAYLEIGH BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 DECEMBER 2022

14. UNRESTRICTED FUNDS (continued)

• i) Keep Fit

Fund operated exclusively for the keep fit activities.

• ii) Minibus replacement Fund Funds designed for the replacement of the minibus (note - there is a separate fund for the restricted donations).

• iii) PlayAway

Funds used for the weekly parent and toddler groups.

• iv) Premises Repairs and Renewals

Funds held for any repairs and renewals required at the Church.

• v) Premises Development

Funds raised for the continued work to make the premises more fit for purpose to contribute more to the local community. An additional £40,500 was transferred to this fund from general unrestricted funds during the year for the initial phase of the Base Refusbishment Project.

• vi) Women's Hour fund

To help build women's friendships, give support and reach out.

• vii) Ministry Training Fund

In 2019, £30,000 has been transferred from the general legacies fund to fund ministers in training.

22

RAYLEIGH BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2022

15. ANALYSIS OF NET ASSETS (between restricted and unrestricted funds)

Current year:

Tangible fixed assets Current assets Creditors due within one year Prior year: Tangible fixed assets Current assets Creditors due within one year	Unrestricted funds £ 23,801 199,321 (52,435)	Designated funds £ - 110,047 -	Restricted funds £ 375,000 187,936 -	Total 2022 £ 398,801 497,304 (52,435)
	170,687	110,047	562,936	843,670
	Unrestricted funds £ 11,044 221,748 (5,830)	Designated funds £ - 211,612 -	Restricted funds £ 375,000 184,128 -	Total 2021 £ 386,044 617,488 (5,830)
	226,962	211,612	559,128	997,702

16. RELATED PARTY TRANSACTIONS

During the year, the charity received donations of £29,396 (2021: £25,616) from Trustees and their related parties. For remuneration paid to trustees, see note 9.

During the year, the son of one of the trustees was paid a total of £4,744 for carrying out various electrical works.

17. OPERATING LEASES

The total future minimum lease payments under non cancellable operating leases are as follows:

Not later than 1 year Later than 1 year and not later than 5 years 18. CAPITAL COMMITMENTS Contracted for, but not provided in the financial statements	2022 £ 972 1,944	2021 £ 972 2,916
	2,916	3,888
	2022 £ 237,128	2021 £ -

23