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2023-12-31-accounts

RAYLEIGH BAPTIST CHURCH UNAUDITED FINANCIAL STATEMENTS 31 DECEMBER 2023

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 2023

CONTENTS PAGE
Trustees' annual report 1
Independent Examiner's report to the Trustees 7
Statement of financial activities 8
Balance sheet 9
Statement of cash flows 10
Notes to the financial statements 11

RAYLEIGH BAPTIST CHURCH

TRUSTEES' ANNUAL REPORT

YEAR ENDED 31 DECEMBER 2023

Trustees Rev. Ricky Rew (Chair of Trustees)
Linda Harrison
Paul Wheeler
Lynn Dobson
Carol Jones
Viki James (resigned 21 March 2024)
Belinda Dolan
Darren Stainer
Isaac Acquah (resigned 20 February 2024)
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 2023

The Trustees present their annual report together with the financial statements of Rayleigh Baptist Church for the year ended 31 December 2023. 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:

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

2

RAYLEIGH BAPTIST CHURCH

TRUSTEES' ANNUAL REPORT (continued) YEAR ENDED 31 DECEMBER 2023

* Links with schools - Primary school assemblies, lessons and prayer
support.
* 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.
* Wellbeing - A safe space to rest, be yourself, and connect
* 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 & Explored courses - Courses to introduce people to Christianity and
Jesus, with an opportunity to ask questions e.g.
Alpha, Hope Explored, Life Explored
* 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.
* Prayer - Prayer over Zoom, Prayer Connect emails
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, 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.

3

RAYLEIGH BAPTIST CHURCH TRUSTEES' ANNUAL REPORT (continued) YEAR ENDED 31 DECEMBER 2023

Achievements and Performance

Ministers

Rev. Ricky Rew is the Lead Minister, who is assisted by Paul Wheeler, a Minister in Training, who is studying at the Light College and the Northern Baptist College. They have been leading the church in a number of teaching series focusing on key areas such as Hope, Grow Confidence, Breaking News, Letter to Colossians, Keep on Growing & Going, Dabble in the Parables, When you Pray, Advent – The Whole Story. As a consequence, the church has become more active in building relationships with and serving the local community. The salaries of the ministers are decided by the Trustees and agreed by the Church Members as part of the annual budget process.

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 8 from 202 at the beginning of 2023 to 194 at the end. This was due to 4 resignations, 2 transfers, 6 deaths and 4 new members.

Youth and Children’s Work

Hannah Lantaff continued in her role supporting the Children and Youth, as well as continuing her training.

There was no holiday club or Glo party this year. The Children’s work and Sunday School has continued successfully, as have Boys Brigade and Girls Brigade. PlayAway also met regularly and has grown significantly.

Attendances on Sundays and Life Groups

The number of those regularly worshipping with us over the year has increased, 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. Life groups are now meeting in person, with one still via zoom, for those that this was a more practical option.

Still a lot of time was spent supporting people with their spiritual, mental, and physical health following the consequences of the pandemic.

There were Sunday evening “Talk the Talk” sessions, dealing with topical issues, and Encounter worship nights. In addition an 8 week Prayer Course was run.

A week of prayer was held in February, followed by a Church Weekend in March led by Rev. Chris Duffett which involved outreach into the community.

4

RAYLEIGH BAPTIST CHURCH

TRUSTEES' ANNUAL REPORT (continued)

YEAR ENDED 31 DECEMBER 2023

Premises Development

Following the start of the Building work in 2022, funding came in via pledges and loans from members, and the monies collected for the previous project, enabling the funding of Phase 1. A loan was then agreed with the Baptist Building CIO fund together with some grants, which enabled the project to proceed to further phases without any delays. The project was planned to be completed in 2023, but unfortunately the work has been delayed, some was due to unplanned utility works. At the end of the year £92,500 of funding was still needed to fully complete the project, but this has not yet caused any delays.

General Governance

During the year the new safeguarding policy was reviewed, along with our internal financial controls. The membership list was also reviewed and a staff handbook was also produced.

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 have started to be used for the Base Refurbishment Project. Given the pressures on church members to give to the Base Refurbishment Project, the General giving has continued remarkably well, and we have been blessed compared to some other churches locally and Baptist Churches nationwide.

At the year-end, the church had total funds of £433,169, of which £235,407 was restricted and £197,762 was unrestricted.

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 2023. 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.

5

RAYLEIGH BAPTIST CHURCH

TRUSTEES' ANNUAL REPORT (continued)

YEAR ENDED 31 DECEMBER 2023

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, one Minister in Training, three elders and four deacons, 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.

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 (now renamed the Hive) and also by working in other locations as opportunities allow.

This report was approved by the Trustees on .......................... 2024 and signed on their behalf by: 24 September

R Rew

Rev. Ricky Rew Chair of Trustees

6

RAYLEIGH BAPTIST CHURCH

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES

YEAR ENDED 31 DECEMBER 2023

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2023 which are set out on pages 8 to 24.

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 Association of Chartered Certified Accountants, 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.

S Morrell

S Morrell FCCA

146 New London Road Chelmsford CM2 0AW

............................... 2024 25 September

7

RAYLEIGH BAPTIST CHURCH

STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 31 DECEMBER 2023

Note
INCOME FROM:
Donations and legacies
2
Charitable activities
3
Investments
4
TOTAL INCOME
EXPENDITURE ON:
Charitable activities
5
TOTAL EXPENDITURE
NET INCOME / (EXPENDITURE)
NET MOVEMENT IN FUNDS
Reconciliation of funds:
Total Funds brought forward
Total Funds carried forward
14/15		 Unrestricted
Funds
£
201,500
23,734
7,411
232,645
216,921
216,921
15,724
8,610
189,152
197,762		 Restricted
Funds
£
318,782
2,348
100
321,230
747,455
747,455
(426,225)
(419,111)
654,518
235,407		 Total Funds
2023
£
520,282
26,082
7,511
553,875
964,376
964,376
(410,501)
(410,501)
843,670
433,169		 Total Funds
2022
£
262,306
21,215
4,006
287,527
441,559
441,559
(154,032)
(154,032)
997,702
843,670

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 24 form part of these financial statements.

8

RAYLEIGH BAPTIST CHURCH

BALANCE SHEET

AS AT 31 DECEMBER 2023

Note
£
£
FIXED ASSETS
Tangible assets
10
396,927
CURRENT ASSETS
Debtors
11
33,838
Cash at bank
540,965
574,803
CREDITORS: Amounts falling
due within one year
12
(54,561)
NET CURRENT ASSETS
520,242
TOTAL ASSETS LESS CURRENT LIABILITIES
917,169
CREDITORS: Amounts falling
due in more than one year
13
(484,000)
NET ASSETS
433,169
FUNDS OF THE CHARITY
Restricted funds
14
235,407
Unrestricted funds
Designated Funds
17,096
General unrestricted funds
180,666
Total unrestricted funds
15
197,762
TOTAL CHARITY FUNDS
433,169
2023		 £
£
398,801
19,246
478,058
497,304
(52,435)
444,869
843,670
-
843,670
654,518
18,465
170,687
189,152
843,670
2022		 £
£
398,801
19,246
478,058
497,304
(52,435)
444,869
843,670
-
843,670
654,518
18,465
170,687
189,152
843,670
2022
843,670
-
843,670
654,518
18,465
170,687
189,152
843,670

These financial statements were approved by the Trustees on …........................ 2024 and are signed on 24 September their behalf by:

R Rew

Rev. Ricky Rew

Chair of Trustees

The notes on pages 11 to 24 form part of these financial statements.

9

RAYLEIGH BAPTIST CHURCH

STATEMENT OF CASH FLOWS

YEAR ENDED 31 DECEMBER 2023

Notes
Cash flows from operating activities:
Net movement in funds for the reporting period
Adjustments to cash flows from non-cash items
Depreciation
10
Gain on diposal of fixed assets
Interest receivable
Working capital adjustments
(Increase) / decrease in debtors
11
(Decrease) / increase in creditors
12
Net cash provided by / (used in) operating activities
Cash flows from investing activities:
Interest received
Acquisitions of tangible fixed assets
10
Proceeds from sale of fixed assets
Net cash provided by / (used in) investing activities
Cash flows from financing activities:
Proceeds from loans
Net cash provided by / (used in) financing activities
Change in cash and cash equivalents in the reporting period
Cash and cash equivalents brought forward
Cash and cash equivalents carried forward		 Total
2023
£
(410,501)
3,674
-
(7,511)
(414,338)
(14,592)
(7,874)
(436,804)
7,511
(1,800)
-
5,711
494,000
494,000
62,907
478,058
540,965		 Total
2022
£
(154,032)
3,314
(5,000)
(4,006)
(159,724)
5,456
46,606
(107,662)
4,006
(16,072)
5,000
(7,066)
-
-
(114,728)
592,786
478,058

The notes on pages 11 to 24 form part of these financial statements.

10

RAYLEIGH BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2023

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) - (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.

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 2023

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 machinery is usually their market value determined by appraisal.

12

RAYLEIGH BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2023

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 2023

2. DONATIONS AND LEGACIES

Unrestricted
Funds
£
Donations
201,500
Total 2022
207,978
INCOME FROM CHARITABLE ACTIVITIES
Unrestricted
Funds
£
Church activities
23,734
23,734
Total 2022
18,133
INVESTMENT INCOME
Unrestricted
Funds
£
Bank interest receivable
7,411
Total 2022
1,871		 Restricted
Funds
£
318,782
54,328
Restricted
Funds
£
2,348
2,348
3,082
Restricted
Funds
£
100
2,135		 Total Funds
2023
£
520,282
262,306
Total Funds
2023
£
26,082
26,082
21,215
Total Funds
2023
£
7,511
4,006		 Total Funds
2022
£
262,306
Total Funds
2022
£
21,215
21,215
Total Funds
2022
£
4,006

3. INCOME FROM CHARITABLE ACTIVITIES

4. INVESTMENT INCOME

14

RAYLEIGH BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2023

5. EXPENDITURE ON CHARITABLE ACTIVITIES

Church activities
Total 2022		 Activities
undertaken
directly
£
126,942
126,942
144,513		 Grant
funding of
activities
(Note 8)
£
36,560
36,560
48,345		 Support &
governance
costs
(Note 6)
£
800,874
800,874
248,701		 Total Funds
2023
£
964,376
964,376
441,559		 Total Funds
2022
£
441,559
441,559

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
Interest payable
Depreciation
Gain on disposal of fixed assets
Governance costs
(Note 7)		 Total Funds
2023
£
9,897
25,785
733,868
7,266
750
3,270
690
7,330
402
4,000
3,674
-
3,942
800,874		 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

7. GOVERNANCE COSTS

Independent examination
Accounts preparation
Fees payable to Independent Examiner		 Unrestricted
Funds
£
2,100
1,842
3,942		 Restricted
Funds
£
-
-
-		 Total Funds
2023
£
2,100
1,842
3,942		 Total Funds
2022
£
1,942
1,680
3,622

15

RAYLEIGH BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2023

8. ANALYSIS OF GRANTS

ANALYSIS OF GRANTS
Church activities
Total 2022		 Grants to
institutions
£
30,580
40,116		 Grants to
individuals
£
5,980
8,229		 Total Funds
2023
£
36,560
48,345		 Total Funds
2022
£
48,345

Grants to institutions

B U Home 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 2022
Grants to individuals
RBC Fellowship Fund
Other Missions and Charities
Total 2022		 Unrestricted
Funds
£
9,500
3,000
1,650
3,000
3,000
3,000
3,000
-
1,500
27,650
27,650
Unrestricted
Funds
£
-
2,640
2,640
3,640		 Restricted
Funds
£
-
1,062
-
685
625
-
-
558
-
2,930
12,466
Restricted
Funds
£
3,340
-
3,340
4,589		 Total Funds
2023
£
9,500
4,062
1,650
3,685
3,625
3,000
3,000
558
1,500
30,580
40,116
Total Funds
2023
£
3,340
2,640
5,980
8,229		 Total Funds
2022
£
9,500
8,466
1,650
3,113
4,003
3,000
3,000
5,884
1,500
40,116
Total Funds
2022
£
4,589
3,640
8,229

16

RAYLEIGH BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2023

9. ANALYSIS OF STAFF COSTS

ANALYSIS OF STAFF COSTS
Wages and salaries
Social security costs
Pension costs		 2023
£
88,406
2,140
7,310
97,856		 2022
£
100,097
2,653
7,669
110,419

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

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

Ministers and pastoral staff
Administrative, caretaking and cleaning staff		 2023
No.
2
3
5		 2022
No.
2
4
6

Two 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:

follows:
2023 2022
£ £
R Rew (Minister)
Remuneration 32,882 31,316
Employer's pension contributions 5,002 4,724
P Wheeler (Minister)
Remuneration 21,750 20,875
Employer's pension contributions 1,088 1,044

Expenses totalling £2,451 (2022: £3,183) were reimbursed to or paid on behalf of 2 (2022: 2) trustees during the year for reasonable travel and accommodation costs.

The remuneration benefits of key management personnel totalled £62,229 (2022: £66,052).

17

RAYLEIGH BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2023

10. TANGIBLE FIXED ASSETS

Cost or valuation
At 1 January 2023
Additions
At 31 December 2023
Depreciation
At 1 January 2023
Charge for year
At 31 December 2023
Net book value
At 31 December 2023
At 31 December 2022		 Freehold
property
£
375,000
-
375,000
-
-
-
375,000
375,000		 Equipment
£
31,063
1,800
32,863
7,262
3,674
10,936
21,927
23,801		 Total
£
406,063
1,800
407,863
7,262
3,674
10,936
396,927
398,801

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.

18

RAYLEIGH BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2023

11. DEBTORS
Prepayments and accrued income
Tax recoverable
12. CREDITORS: Amounts falling due within one year
Bank overdrafts
Loans
Accruals and deferred income
Taxation and social security
13. CREDITORS: Amounts falling due in more than one year
Loans
Accruals		 2023
£
22,119
11,719
33,838
2023
£
31,665
10,000
11,119
1,777
54,561
2023
£
480,000
4,000
484,000		 2022
£
7,527
11,719
19,246
2022
£
46,609
-
3,996
1,830
52,435
2022
£
-
-
-

Within loans is a loan of £400,000 from Baptist Building CIO which is secured on the church building. The church building is a heritage asset and so is not disclosed in these financial statements. See note 10. £10,000 of this loan is repayable within one year, and the remaining £480,000 is repayable in more than one year.

19

RAYLEIGH BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 DECEMBER 2023

14. RESTRICTED FUNDS
Balance at
01/01/2023
£
a)
9 Paignton Close Fund
157,805
b)
6 Hilary Crescent Fund
375,000
c)
BMS World Missions
3,064
d)
Boys Brigade
3,276
e)
Cry in the Dark
874
f)
Fellowship Funds Gifts
(302)
g)
Girls Brigade
605
h)
Minibus replacement
15,883
i)
Student / Mission Fund
61
j)
To Kenya with Love
605
k)
Carers Cafe
3,264
l)
Premises Development
91,582
Bar n Bus
-
Donations to other organisations
2,801
654,518
Prior year restricted funds movement:
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
i)
Student / Mission Fund
61
j)
To Kenya with Love
45
k)
Carers Cafe
3,326
l)
Premises Development
183,542
Donations to other organisations
870
742,670		 Balance at
01/01/2023
£
157,805
375,000
3,064
3,276
874
(302)
605
15,883
61
605
3,264
91,582
-
2,801		 Gains &
Income
Expenditure
Transfers
£
£
£
100
(157,905)
-
-
-
-
750
(625)
-
2,027
(2,227)
-
300
(1,062)
-
4,386
(3,340)
-
321
(390)
-
-
-
-
-
-
-
125
(685)
-
-
(700)
-
312,110
(579,963)
7,114
405
-
-
706
(558)
-
321,230
(747,455)
7,114
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)
-
35,740
(188,530)
60,830
7,815
(5,884)
-
59,545
(208,527)
60,830
Movement in funds
Movement in funds		 Gains &
Income
Expenditure
Transfers
£
£
£
100
(157,905)
-
-
-
-
750
(625)
-
2,027
(2,227)
-
300
(1,062)
-
4,386
(3,340)
-
321
(390)
-
-
-
-
-
-
-
125
(685)
-
-
(700)
-
312,110
(579,963)
7,114
405
-
-
706
(558)
-
321,230
(747,455)
7,114
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)
-
35,740
(188,530)
60,830
7,815
(5,884)
-
59,545
(208,527)
60,830
Movement in funds
Movement in funds		 Gains &
Income
Expenditure
Transfers
£
£
£
100
(157,905)
-
-
-
-
750
(625)
-
2,027
(2,227)
-
300
(1,062)
-
4,386
(3,340)
-
321
(390)
-
-
-
-
-
-
-
125
(685)
-
-
(700)
-
312,110
(579,963)
7,114
405
-
-
706
(558)
-
321,230
(747,455)
7,114
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)
-
35,740
(188,530)
60,830
7,815
(5,884)
-
59,545
(208,527)
60,830
Movement in funds
Movement in funds		 Balance at
31/12/2023
£
-
375,000
3,189
3,076
112
744
536
15,883
61
45
2,564
(169,157)
405
2,949
654,518 321,230 (747,455) 7,114 235,407
Balance at
31/12/2022
£
157,805
375,000
3,064
3,276
874
(302)
605
15,883
61
605
3,264
91,582
2,801

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)
Student / Mission Fund
j)
To Kenya with Love
k)
Carers Cafe
l)
Premises Development
Donations to other organisations
742,670 59,545 (208,527) 60,830 654,518

20

RAYLEIGH BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 DECEMBER 2023

14. RESTRICTED FUNDS (continued)

Manse for Minister - owned 100% by the church.

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

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

Funds received (e.g. from Carol Services Offerings and personal gifts) later paid to the charity.

Funds raised to enable the church to make charitable gifts to those within or linked to the fellowship.

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

Funds donated to support students/Members in short-term Christian missions.

Providing a better future for children in Kisumu, Kenya.

Monthly support for those who care for others.

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.

21

RAYLEIGH BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2023

15. UNRESTRICTED FUNDS

i)
ii)
iv)
v)
i)
ii)
iii)
iv)
v)		 Balance at
01/01/2023
£
Designated funds
New Minibus Fund
7,745
Playaway
1,756
Womens Hour
519
Ministry Training Fund
7,739
Community Café
706
18,465
General funds
General Fund
115,687
General Legacies
-
Main Fund Reserve
55,000
170,687
189,152
Prior year unrestricted funds movement:
Balance at
01/01/2022
£
Designated funds
New Minibus Fund
7,745
Playaway
595
Premises R&R
2,469
Womens Hour
519
Ministry Training Fund
16,036
Community Café
706
28,070
General funds
General Fund
113,601
General Legacies
58,361
Main Fund Reserve
55,000
226,962
255,032		 Gains, losses
Income
Expenditure
& transfers
£
£
£
-
-
-
1,881
(574)
(800)
-
-
-
-
(1,798)
-
-
-
(78)
1,881
(2,372)
(878)
230,764
(214,549)
(6,236)
-
-
-
-
-
-
230,764
(214,549)
(6,236)
232,645
(216,921)
(7,114)
Gains, losses
Income
Expenditure
& transfers
£
£
£
-
-
-
1,286
(125)
-
-
-
(2,469)
-
-
-
-
(8,297)
-
-
-
-
1,286
(8,422)
(2,469)
226,696
(224,610)
-
-
-
(58,361)
-
-
-
226,696
(224,610)
(58,361)
227,982
(233,032)
(60,830)
Movement in funds
Movement in funds		 Balance at
31/12/2023
£
7,745
2,263
519
5,941
628
17,096
125,666
-
55,000
180,666
197,762
Balance at
31/12/2022
£
7,745
1,756
-
519
7,739
706

Designated funds
New Minibus Fund
Playaway
Premises R&R
Womens Hour
Ministry Training Fund
Community Café
General funds
General Fund
General Legacies
Main Fund Reserve
18,465
115,687
-
55,000
170,687
189,152

22

RAYLEIGH BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2023

15. UNRESTRICTED FUNDS (continued)

Funds used for the weekly parent and toddler groups.

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

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

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

23

RAYLEIGH BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2023

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

Current year:

Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
Prior year:
Tangible fixed assets
Current assets
Creditors due within one year		 Unrestricted
funds
£
21,927
203,300
(44,561)
-		 Designated
funds
£
-
17,096
-
-		 Restricted
funds
£
375,000
354,407
(10,000)
(484,000)		 Total
2023
£
396,927
574,803
(54,561)
(484,000)
180,666 17,096 235,407 433,169
Unrestricted
funds
£
23,801
199,321
(52,435)		 Designated
funds
£
-
18,465
-		 Restricted
funds
£
375,000
279,518
-		 Total
2022
£
398,801
497,304
(52,435)
170,687 18,465 654,518 843,670

17. RELATED PARTY TRANSACTIONS

During the year, the charity received donations of £58,481 (2022: £29,396) from Trustees and their related parties. For remuneration paid to trustees, see note 9.

18. 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
19. CAPITAL COMMITMENTS
Contracted for, but not provided in the financial statements		 2023
£
972
972		 2022
£
972
1,944
1,944 2,916
2023
£
268,438		 2022
£
237,128

24

RAYLEIGH BAPTIST CHURCH MANAGEMENT ACCOUNTS YEAR ENDED 31 DECEMBER 2023

The following pages do not form part of the statutory financial statements

25

RAYLEIGH BAPTIST CHURCH INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31 DECEMBER 2023

RAYLEIGH BAPTIST CHURCH
INCOME AND EXPENDITURE ACCOUNT
YEAR ENDED 31 DECEMBER 2023
INCOME
Donations
Charitable activities
Investments
Total income
EXPENDITURE
Charitable activities
Grants to Institutions
Grants to Individuals
Staff expenses
Light, heat and rates
Repairs and maintenance
Premises development
Insurance
Manse costs
Travel expenses
Printing, postage and stationery
Telephone
General administration
Advertising
Legal and professional fees
Alpha course
Evangelism
Worship costs
Pastoral costs
Ministry training costs
Seniors
Other organisations running costs - unrestricted
Other organisations running costs - restricted
Wages and salaries
National insurance
Pension costs
Interest payable
Depreciation
Gain on disposal of fixed assets
Governance costs
Independent examination fees
Total expenditure
Total surplus/(deficit) for the year
Total Funds brought forward
Total Funds carried forward		 £
£
520,282
26,082
7,511
553,875
30,580
5,980
1,361
9,897
25,785
733,868
7,266
2,508
750
3,270
690
7,330
402
-
295
5,772
3,932
2,293
1,798
7,236
574
3,317
88,406
2,140
7,310
4,000
3,674
-
960,434
3,942
964,376
(410,501)
843,670
433,169
2023		 £
£
262,306
21,215
4,006
287,527
40,116
8,229
2,508
7,133
33,966
188,530
5,636
2,376
1,514
2,986
312
6,211
477
-
82
6,245
2,680
1,720
8,297
7,119
125
2,942
100,097
2,653
7,669
-
3,314
(5,000)
437,937
3,622
441,559
(154,032)
997,702
843,670
2022
441,559
(154,032)
997,702
843,670

26