Charity registration number: 1128822
Green Street Green Baptist Church
Annual Report and Financial Statements
for the Year Ended 31 March 2024
Field Sullivan Ltd 9 Hare & Billet Road Blackheath London SE3 0RB
Green Street Green Baptist Church
Contents (continued)
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 6 |
| Independent Examiner's Report | 7 to 8 |
| Statement of Financial Activities | 9 |
| Balance Sheet | 10 |
| Notes to the Financial Statements | 11 to 20 |
Green Street Green Baptist Church
Reference and Administrative Details
Trustees Colette Burchill John Doughty Alex Gamby Vic Harvey Patrica Howes Robert Mumford Michael Ruffhead David Wood Charity Registration Number 1128822 Principal Office 1 World End Lane Green Street Green Orpington Kent BR6 6AA Independent Examiner Field Sullivan Ltd 9 Hare & Billet Road Blackheath London SE3 0RB Bankers Santander UK plc BBAM Bridle Road Bootle Merseyside L30 4GB
Page 1
Green Street Green Baptist Church
Trustees' Report
The trustees present the annual report together with the financial statements of the charity for the year ended 31 March 2024.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's constitution, the Charities Act 1993, and the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005.
Structure, governance, and management
The charity is a trust governed by a constitution adopted on 24 September 2008.
The Trustees who served during the year were: Colette Burchill John Doughty Alex Gamby Vic Harvey Robert Mumford Mike Ruffhead David Wood
The appointment of Charity Trustees is undertaken by processes that are public, clear, and open so that all church members are enabled to consider prayerfully who should be appointed as charity trustees. The process ensures that notice is given of any forthcoming election so that church members may freely nominate prospective Charity Trustees whose names shall be submitted (after they have indicated a willingness to be appointed) for decision to the church members with the intention of ensuring that those appointed have a sufficient level of support from them.
Charity Trustees (except for those in ministerial office) shall be appointed for one term of three years with the opportunity to be nominated for one further three-year term only that must be followed by a vacant year when they shall not be eligible for reappointment. The church members meeting shall arrange for the appointment of a church secretary and church treasurer (or equivalents) who by the nature of their responsibilities will also function as charity trustees.
Existing Trustees ensure that new Trustees are aware of their legal obligations under charity law together with the operations of the charity. The Church Secretary undertakes induction training of any newly appointed Trustees with reference to the advice and guidance provided by the Baptist Union.
David Wood is the Minister, Mike Ruffhead is Church Secretary, Pat Howes is Church Treasurer, and the other Trustees are also known as Deacons.
The day-to-day management and governance of the church is undertaken by the Trustees. The Trustees are also responsible for the maintenance and repair and other financial aspects of the church building on behalf of the church so that, unless there is any good reason why they should refuse to do so, they should act in accordance with the wishes of the church which would, in practice, provide the necessary finances. The Trustees are also liable to ensure that the church (that is the building) is used for worship in accordance with the terms of the constitution, church policies and the doctrinal basis.
The Trustees have oversight of all Church activities and provide guidance and direction to members of staff on policy and plans, as necessary. All major decision making is referred to the Church Members’ Meeting which has the final say on matters of policy and expenditure of any sums in excess of three thousand pounds.
Page 2
Green Street Green Baptist Church
Trustees' Report (continued)
The day to day running of the church’s activities is delegated by the Trustees to teams who are appointed by the church members as follows:
• A Ministry Team, responsible for preaching and teaching, discipleship and training, worship and services, and pastoral matters.
• A Practical Team, responsible for the maintenance of the site, buildings, and equipment, security, cleaning, and catering.
• A Church Life group which provides an umbrella for the teams responsible for the things we do together as a church, including Events and Evangelism, Children and Young People’s work, ministry to the Elderly, Mission, and Small Groups.
Regular reports from these teams are reviewed at the Trustees’ meeting.
The church is affiliated to the Baptist Union of Great Britain and the London Baptist Association.
The Trustees have assessed the major risks to which the charity is exposed and are satisfied that systems and procedures are in place to mitigate exposure to these risks.
• Properties. Both the Manse, Church buildings and contents are fully covered against loss or damage by comprehensive insurance policies, which also provide cover against third party risks.
• Staff. Were vacancies to occur due to ill-health or natural turn-over of staff, it would be expected that volunteers from within the fellowship would provide cover to maintain the church’s usual activities until suitable new appointments could be made.
• Finance. As a matter of policy, the church seeks to maintain a minimum balance equivalent to two months’ salaries of staff, which would allow for adjustments to be made in the event of a significant shortfall in regular income.
• Fabric. A programme of major improvements and upgrades to the buildings have been carried through in the past decade, but there is a likelihood of further major expenditure on maintenance of the fabric in the medium term, specifically to the main roof. The Trustees have established a sinking fund to build up a reserve of funds to address this risk.
• Covid19. Regular meetings are now live streamed via an on-line platform to facilitate inclusion of those who are continuing to shield from the risks of Covid. The Trustees have continued to monitor the impact on church life, and particularly on income and finances, which thankfully has proved to be minimal.
Objectives and activities
The charity's object is the advancement of the Christian faith according to the principles of the Baptist denomination. The charity may also advance education and carry out other charitable purposes in the United Kingdom and/or other parts of the world.
The Trustees have paid due regard to guidance issued by the Charity Commission on public benefit in deciding what activities the charity should undertake, and, in particular, the specific guidance on charities for the advancement of religion.
Page 3
Green Street Green Baptist Church
Trustees' Report (continued)
During the year, the main ways the church sought to achieve the calling of Christ upon it and its charitable purposes for the public benefit have been as follows:
Fulfilling the objectives in teaching, preaching and ministry. This was both in the normal teaching in the church on Sunday during services and midweek meetings, which are open to all. Church members and regular attendees also have the opportunity to receive prayer and pastoral support as appropriate. The church runs various activities where teaching, preaching and ministry play a part including youth and children's meetings and events, Bible studies, prayer meetings, and various small groups.
Impacting the next generation. The church employs two part time youth workers (a husband-and-wife team) and a part time children and families’ worker. This arrangement continues to be very positive and has enabled a varied children’s and youth programme to be pursued, including regular and special events. A particular emphasis of the children’s and families work is with the local primary schools, where our worker regularly takes assemblies and contributes to the spiritual life of the school. Our children and families’ worker also works with Spinnaker Trust providing assemblies in other Primary schools across the wider Orpington area. The church runs “Messy Church” once a month on a Saturday afternoon which provides an outreach to families with young children who may be unable or unwilling to attend church on Sunday mornings.
Practical help and care in the community. Practical care normally includes visiting the elderly, providing a parent and toddlers group for non-church members, running a Bowls Club, Girls Brigade, a Tea Room for older folk, a Lunch Club which again is aimed primarily at the elderly and lonely, and offering prayer for healing to the local community through the “Healing on the Streets” ministry. In response to the recent cost-of-living crisis and increase in fuel bills, we have established a weekly “Warm Hub” providing a warm space, and free soup and refreshments to anyone in need. Several of our members are also involved with the Street Pastors initiative, patrolling the town centre to offer help to anyone in need. Additionally, we also provide accommodation for the meetings of the local AA (Alcoholics Anonymous), Safer Neighbourhood, and Foetal Alcohol Syndrome groups and also provide facilities for an Art Class and a Craft Club which meet in the church premises on a weekly basis.
Bringing support to organisations working elsewhere both in the United Kingdom and overseas. This support has primarily been through building personal relationship with several organisations and then providing practical and financial assistance. The financial assistance is set out in the notes to the accounts. We have a member who takes an active lead on reporting to the church on events regarding the “wider church” (both in the UK and overseas). This member also arranges for speakers from the various organisations we support to regularly attend Sunday meetings at the church. In addition, we have a team that pray for the suffering church overseas.
Plans for the Future. The Church has committed to the Natural Church Development (NCD) process which involves a wide-ranging survey of the congregation to identify strengths and weaknesses and development of a plan to address weaker areas over a period of several years.
Achievements and performance
The church has successfully continued to undertake all the activities listed above.
A great contribution is made by volunteers. We are grateful for the many hours that volunteers have spent undertaking various roles and jobs around the church. Without this valuable contribution of time, energy, and expertise we would not have been able to achieve so much.
Page 4
Green Street Green Baptist Church
Trustees' Report (continued)
The members of the church have consistently been applying the principles of church life outlined in the New Testament to be 'salt and light' in the community, in the places they live and work and in having an impact on social attitudes in wider national society. This is a significant part of the purpose of the church and much of it is done without publicity and the amount of time spent in this way cannot be quantified.
Two Church Members passed away, and two other Members transferred their membership to other churches during the year. Two baptisms, two funerals, and two weddings have been performed during the year.
Financial review
10% of our income is tithed to support other Christian organisations/workers and is detailed further in the notes to the accounts; the church meeting review and agree how this is to be allocated.
It is the policy of the charity that cash and bank balances which have not been designated for a specific use should be maintained at a level equivalent to two month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
Two month's expenditure on unrestricted funds amounts to approximately £20,000. Unrestricted bank balances amounted to £50,975 at the balance sheet date. Other than staff salaries which account for approximately 60% of expenditure, the main expenses were on the day to day running and maintenance of the premises including £2,980 spent on replacement floor coverings.
Grant Making and Fund Raising are not a material part of the church’s charitable activities.
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 5
Green Street Green Baptist Church
Trustees' Report (continued)
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
The annual report was approved by the trustees of the charity on .................... and signed on its behalf by:
......................................... Michael Ruffhead Trustee
Page 6
Green Street Green Baptist Church
Independent Examiner's Report to the trustees of Green Street Green Baptist Church
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet and related notes.
This report is made solely to the charity’s trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for my work, for this report, or for the opinions I have formed.
Responsibilities and basis of report
As the charity trustees of Green Street Green Baptist Church 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 Green Street Green Baptist Church's accounts carried out under section 145 of the 2011 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.
An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently I express no opinion as to whether the financial statements present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner’s statement.
Independent examiner’s statement
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:
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accounting records were not kept in respect of Green Street Green Baptist Church as required by section 130 of the Act; or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the accounting 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.
Page 7
Green Street Green Baptist Church
Independent Examiner's Report to the trustees of Green Street Green Baptist Church (continued)
...................................... Tim Sullivan FCA ICAEW 9 Hare & Billet Road Blackheath London SE3 0RB Date:.............................
Page 8
Green Street Green Baptist Church
Statement of Financial Activities for the Year Ended 31 March 2024
| Note Income and Endowments from: Donations and legacies 3 Charitable activities 4 Investment income 5 Total income Expenditure on: Charitable activities 6 Total expenditure Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 16 |
Unrestricted £ 161,245 7,296 122 168,663 (130,295) (130,295) 38,368 43,444 81,812 |
Restricted £ 4,536 600 - 5,136 (12,300) (12,300) (7,164) 542,584 535,420 |
Total 2024 £ 165,781 7,896 122 173,799 (142,595) (142,595) 31,204 586,028 617,232 |
Unrestricted £ 136,966 7,076 23 144,065 (152,532) (152,532) (8,467) 51,911 43,444 |
Restricted £ 6,361 - - 6,361 (15,127) (15,127) (8,766) 551,350 542,584 |
Total 2023 £ 143,327 7,076 23 |
|---|---|---|---|---|---|---|
| 150,426 | ||||||
| (167,659) | ||||||
| (167,659) | ||||||
| (17,233) 603,261 |
||||||
| 586,028 |
All of the charity's activities derive from continuing operations during the above two periods.
The funds breakdown for 2023 is shown in note 16.
The notes on pages 11 to 20 form an integral part of these financial statements. Page 9
Green Street Green Baptist Church
(Registration number: 1128822) Balance Sheet as at 31 March 2024
| Note Fixed assets Tangible assets 12 Current assets Debtors 13 Cash at bank and in hand Creditors: Amounts falling due within one year 14 Net current assets Total assets less current liabilities Creditors: Amounts falling due after more than one year 15 Net assets Funds of the charity: Restricted income funds Restricted funds Unrestricted income funds Unrestricted funds Total funds 16 |
2024 £ 535,672 34,097 68,160 102,257 (9,716) 92,541 628,213 (10,981) 617,232 535,420 81,812 617,232 |
2023 £ 545,108 29,324 46,704 |
|---|---|---|
| 76,028 (9,940) |
||
| 66,088 | ||
| 611,196 (25,168) |
||
| 586,028 | ||
| 542,584 43,444 |
||
| 586,028 |
The financial statements on pages 9 to 20 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by:
.........................................
Michael Ruffhead Trustee
The notes on pages 11 to 20 form an integral part of these financial statements. Page 10
Green Street Green Baptist Church
Notes to the Financial Statements for the Year Ended 31 March 2024
1 Charity status
The charity is domiciled in England and Wales.
The address of its registered office is: 1 World End Lane Green Street Green BR6 6AA
2 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102) - Second edition October 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011.
Basis of preparation
Green Street Green Baptist Church meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Judgements and key sources of estimation uncertainty
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the periods in which the estimate is revised where revisions affects only that period, or in the period of the revision and future periods where the revisions affects both current and future periods.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
Page 11
Green Street Green Baptist Church
Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Grant provisions
Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £500 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class Depreciation method and rate Land and buildings buildings only over 50 years Furniture, fittings and equipment between 3 and 5 years
Page 12
Green Street Green Baptist Church
Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. 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 and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Page 13
Green Street Green Baptist Church
Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
3 Income from donations and legacies
| Unrestricted funds Restricted Designated £ General £ funds £ Donations and legacies; Donations from individuals 9,470 121,780 4,286 Gift aid reclaimed 2,000 27,995 250 11,470 149,775 4,536 4 Income from charitable activities Unrestricted funds Restricted General £ funds £ Other church activities, clubs and events 6,077 600 Rental income 1,219 - 7,296 600 5 Investment income Unrestricted funds General £ Interest receivable and similar income; Interest receivable on bank deposits 122 |
Unrestricted funds Restricted Designated £ General £ funds £ Donations and legacies; Donations from individuals 9,470 121,780 4,286 Gift aid reclaimed 2,000 27,995 250 11,470 149,775 4,536 4 Income from charitable activities Unrestricted funds Restricted General £ funds £ Other church activities, clubs and events 6,077 600 Rental income 1,219 - 7,296 600 5 Investment income Unrestricted funds General £ Interest receivable and similar income; Interest receivable on bank deposits 122 |
Total 2024 £ 135,536 30,245 |
Total 2023 £ 117,469 25,858 |
|
|---|---|---|---|---|
| 165,781 | 143,327 | |||
| Total 2024 £ 6,677 1,219 7,896 Total 2024 £ 122 |
Total 2023 £ 6,026 1,050 |
|||
| 7,076 | ||||
| Total 2023 £ 23 |
Page 14
Green Street Green Baptist Church
Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
6 Expenditure on charitable activities
| Note Grant funding of activities Staff costs Catering Utilities and insurance Staff training Repairs and maintenance Trade subscriptions Books and resources Social events and trips Other direct costs Depreciation of freehold property Depreciation of fixtures and fittings Childrens' club Support costs |
Total 2024 £ 19,512 65,950 2,574 12,808 367 8,196 2,648 191 2,636 1,883 7,734 1,703 2,413 13,980 142,595 |
Total 2023 £ 24,238 61,226 2,500 11,844 49 34,269 2,458 548 3,115 1,628 7,734 1,938 2,020 14,092 |
|---|---|---|
| 167,659 |
7 Analysis of governance and support costs
Support costs
| Staff costs Travelling Administration Independent examination Office expenses Interest payable |
Unrestricted funds General £ 4,899 - 4,242 2,970 1,267 602 13,980 |
Total 2024 £ 4,899 - 4,242 2,970 1,267 602 13,980 |
Total 2023 £ 4,821 26 5,116 1,440 1,796 893 |
|---|---|---|---|
| 14,092 |
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Green Street Green Baptist Church
Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
8 Trustees remuneration and expenses
During the year the charity made the following transactions with trustees:
David Wood
David Wood received remuneration of £34,700 (2023: £31,545) and £Nil (2023: £Nil) of expenses were reimbursed to David Wood during the year.
9 Taxation
The charity is a registered charity and is therefore exempt from taxation.
10 Related party transactions
There were no related party transactions in the year.
11 Staff costs
The aggregate payroll costs were as follows:
| Staff costs during the year were: Wages and salaries Pension costs |
2024 £ 69,660 1,189 70,849 |
2023 £ 64,899 1,148 |
|---|---|---|
| 66,047 |
The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:
| Ministerial staff Administrative staff |
2024 No 4 1 5 |
2023 No 5 1 |
|---|---|---|
| 6 |
No employee received emoluments of more than £60,000 during the year
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Green Street Green Baptist Church
Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
12 Tangible fixed assets
| Cost At 1 April 2023 At 31 March 2024 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 Net book value At 31 March 2024 At 31 March 2023 |
Land and buildings £ 605,473 605,473 63,528 7,735 71,263 534,210 541,945 |
Furniture and equipment £ 53,800 53,800 50,636 1,702 52,338 1,462 3,164 |
Total £ 659,273 |
|---|---|---|---|
| 659,273 | |||
| 114,164 9,437 |
|||
| 123,601 | |||
| 535,672 | |||
| 545,109 |
The charity uses land and buildings at Worlds End Lane, Green Street Green, Orpington, Kent and Stapleton Road, Orpington, Kent which are beneficially owned by the charity and held in trust by the London Baptist Property Board.
13 Debtors
| 13 Debtors | ||
|---|---|---|
| Prepayments Other debtors |
2024 £ 3,904 30,193 34,097 |
2023 £ 3,516 25,808 |
| 29,324 |
14 Creditors: amounts falling due within one year
| Other loans Other taxation and social security Accruals |
2024 £ 5,019 827 3,870 9,716 |
2023 £ 5,019 685 4,236 |
|---|---|---|
| 9,940 |
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Green Street Green Baptist Church
Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
| 15 Creditors: amounts falling due after one year Other loans 16 Funds Balance at 1 April 2023 £ Incoming resources £ Unrestricted fund 40,384 157,193 Designated Tithes fund 2,580 - Sinking fund - - Heating Relief/ Hardship 480 - Gift Day - 11,470 3,060 11,470 Total unrestricted funds 43,444 168,663 Restricted funds London Baptist Property Board Fund 541,945 - Special offerings and events 639 5,136 542,584 5,136 Total funds 586,028 173,799 |
Resources expended £ (107,745) (13,300) - (250) (9,000) (22,550) (130,295) (7,734) (4,566) (12,300) (142,595) |
2024 £ 10,981 Transfers £ (20,427) 16,574 5,000 - (1,147) 20,427 - - - - - |
2023 £ 25,168 |
||
|---|---|---|---|---|---|
| Balance at 31 March 2024 £ 69,405 |
|||||
| 5,854 5,000 230 1,323 |
|||||
| 12,407 | |||||
| 81,812 | |||||
| 534,211 1,209 |
|||||
| 535,420 | |||||
| 617,232 |
Page 18
Green Street Green Baptist Church
Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
Prior year
| Unrestricted funds Designated Tithes fund Sinking fund Heating Relief/ Hardship Total unrestricted funds Restricted funds London Baptist Property Board Fund Special offerings and events Total funds |
Balance at 1 April 2022 £ 33,711 5,407 12,793 - 18,200 51,911 549,679 1,671 551,350 603,261 |
Incoming resources £ 143,585 - - 480 480 144,065 - 6,361 6,361 150,426 |
Resources expended £ (108,899) (16,800) (26,833) - (43,633) (152,532) (7,734) (7,393) (15,127) (167,659) |
Transfers £ (28,013) 13,973 14,040 - 28,013 - - - - - |
Balance at 31 March 2023 £ 40,384 |
|---|---|---|---|---|---|
| 2,580 - 480 |
|||||
| 3,060 | |||||
| 43,444 | |||||
| 541,945 639 |
|||||
| 542,584 | |||||
| 586,028 |
The specific purposes for which the funds are to be applied are as follows:
Tithes fund – receives money, set aside by the trustees from donations received, for the purpose for making grants to Christian workers and organisations, in line with the policy of the church to tithe all income.
Sinking fund – Church building repairs, projects, equipment repairs and replacements.
Heating Hardship - anticipated requests for help with people's heating bills during the winter. No requests were made, but we kept the fund against next winter.
London Baptist Property Board Fund – Represents property and funds for the development of property.
Special offerings and events – Monies received from one off events and other specific purposes.
Building fund – Money received toward costs of development of the building.
The sinking fund was set up with an annual transfer from the general fund of £5,000 for major repairs. The cost to repair dry rot exceeded the fund by £14,039 so this amount was transferred from the general fund.
Fund transfers to the tithe fund from the general fund are made monthly at 10% of donations for that month and at the year end 10% of gift aid due. Awards are made through the year to Christian organisations and individuals working in Britain and abroad.
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Green Street Green Baptist Church
Notes to the Financial Statements for the Year Ended 31 March 2024 (continued)
17 Analysis of net assets between funds
| Tangible fixed assets Current assets Current liabilities Creditors over 1 year Total net assets Tangible fixed assets Current assets Current liabilities Creditors over 1 year Total net assets |
Unrestricted funds General £ Designated £ 1,462 - 88,640 12,407 (9,716) - (10,981) - 69,405 12,407 Unrestricted funds General £ Designated £ 3,163 - 72,329 3,060 (9,940) - (25,168) - 40,384 3,060 |
Restricted funds £ 534,210 1,210 - - 535,420 Restricted funds £ 541,945 639 - - 542,584 |
Total funds at 31 March 2024 £ 535,672 102,257 (9,716) (10,981) |
|---|---|---|---|
| 617,232 | |||
| Total funds at 31 March 2023 £ 545,108 76,028 (9,940) (25,168) |
|||
| 586,028 |
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