# **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:
- 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
- Children & Youth events
- Community Café
- Community use of our premises * Conservation of listed building
- Hope Carol Service * PlayAway
- Seniors' events
- Monthly support for those who care for others and those who are cared for.
- Programmes designed to introduce young people to Christianity, and grow in their faith while having fun together. This includes Boys Brigade and Girls Brigade.
- - Weekly café for the community
- Rooms used by the community regularly
- Meeting our maintenance responsibilities
- Seasonal service remembering those we have lost
- Weekly morning for parents or carers and toddlers to have fun together
- Monthly events and activities for the elderly – with transport.
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.|
* Financial support to the Baptist Union Home Mission Fund, and other UK organisations such as the Havens Hospice and BarNBus
## **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)**
- 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. The funds are to be used for future building redevelopment.
- 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) Student/Mission Members' fund
Funds donated to support students/Members in short-term Christian missions.
- j) To Kenya With Love (TKWL)
Providing a better future for children in Kisumu, Kenya.
- k) Carer's cafe grant fund
Monthly support for those who care for others.
- l) 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.
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)**
- i) Minibus replacement Fund Funds designed for the replacement of the minibus (note - there is a separate fund for the restricted donations).
- ii) PlayAway
Funds used for the weekly parent and toddler groups.
- iii) Premises Repairs and Renewals
Funds held for any repairs and renewals required at the Church.
- iv) Women's Hour fund
To help build women's friendships, give support and reach out.
- v) Ministry Training Fund
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