Chaiity r•gl•tration nbr 1129069 AVENUE BAPTIST CHURCH ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
AVENUE BAPTIST CHURCH LEGAL AND ADMINISTRATIVE INFORMATION Trut•• S. Ekin8 Isecrntaryl P. TIK)mpson J. Guesi PPott J Dken50 L Smrth IAppJint8fl 12 Fobruary 20231 Ch¥rfty ThJmb•r Prlncbpll addr••• 14 Averw TerraL Essex SSO 7PL Ind•p•nd•nt •x•mln•r PA Stafford FCCA 457 SouthclyJrth Roa¢J South8nd on Se• E$sex SS12PH Bank•rn CAF Bank Lmrt•d 25 Kmgs Hil Av•f#Jo r#Js H IJKÈgt M•i&"r9 Kenl ME194JO Bank On• South$nyon Rry Lor#Jon 185HA Prop•rty Tru•t4•• The Bapttst UnKw CorypJral)n Baptssl Hovse 129 BrOa(Y Oxon OX118RT
AVENUE BAPTIST CHURCH CONTENTS Pago Trustees, rwrt lThJependent exwninefs reF¥Yt Slatennt olfinwval activil 10 Ba18nr sheet 11 Statement (rf L¥5h ftthvs 12 Notes to the fmantsal $tst¢ments 13-26
AVENUE BAPTIST CHURCH TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The truslaes PTe8ent their annual r8port and finan81 statents for th& yeaf ended 31 Decaftknf 2023. The financial sfatèments have been prepad in accord¥nu wilh the Kcounknr@ polirye5 $1 out in note 1 to the fin¥n¢i81 statements and comply with the th8rity'5 goveming doeurnani. the Charrttes Act 2011 aftd"Accotsnting and Reporting by Charities.. Statement of Recommended Practice applicabl8 to charities preparing th¢ii accounts irs 4¢¢ordonce with the Financial Reporting Standard applicable in the UK and Rèpublic ol116l•nd IFRS 1021 l•ffective 1 January 20191". Obl•¢tlv•• and actfvltlg? The Chgrity ig 9overned by an Approved Goveming Docurnenl whlch slaiej that tho principol puw ol th• charity 15 the advancement of the Chn8tian faith acurding to the principles ol the B?pD'51 denorninaiion, nduding tha dvanc•m8Trt ol education. cornmunrty servic¢ and oth•r such 9onèral charitablg PU(PQses in such parts of the LIK and the world 85 Ihe ¢hur¢h shall d8lernin•. The Church occupies premise3 which 8r¥ hold by the 8Aptist Union Corporation Ltd. on Trusts wNch are •ntrely ¢ompatible with Ihe 8bove. To ochieve the princApal ¢bje¢tive, which sel out abo, th8 church provides a variety OF Xlwllieo both lo lis membafship and to Ihe communrty 9enerally. The aim Is lo $how the love ol J•sus Christ in both word deed and to bring peopla into a do$er relalioDshlp with th'm as livino Lord. Central to the work and wrtnéss of the ¢hurch is the provision of regular pubb'¢ 8grvlce3 ¢1 Chrislian worship, Th98 lake pla each Sunday at 10,30 0.m. with m¢$t servic9¥ bairrfj Bv•iloble online onc• the $oNice ha) finish8d lor any unabl? t¢ atlend in person Worship Is by Rav Jan? Guést supportod by a Vafi8ty of visrting prga¢h8rs and prèachers trom within thg church congooaiion. We havè All A90 wernhip orK o rnonlh and Sund•y Schod on th8 other Sundays for lchool aged ¢hlldien. The trus(ee5 have read the Charity Commi$$ion guidance on Public Befit and ero satisfied that aCliviti•s outtingd above dearly d8rnon$tr8te th8t tho eh8rity 1$ providing a bertefil the public. We rnlebr8t• th• major Christian Y8stlval$ with specl•l 8eNices and advi*'e$. We see th•se a8P8aally ¥1 hrlstrnas lim&- as an ¢pportunity to involve the Ioc81 cornmunity. Thewe ev8nt5 aw advert158d Iccaty and on the websrta at www.avenuebaptist.ry)m. Link& wth the l¢xal comrnunity and oth¢r thurches in ihe city is somethit)g we are continuing lo build. We have $8&n some 5ucce5s one pilot communty $UFPOrt woject due to UnCh i) Fèbruary 2024, The Church hosts 8 Playgroup, run daily frorn 9.150 rn. 10 12.15 p.rn. during s¢hool tern times. Thi9 1$ suYJject 1¢ ¢eglstr?tion and inspeth'on by Of31ed. In adthti¢n, One of the trustees rngels with Ihe playgroup manager to &n9uro eN8ctive overSh1. The playgroup is run as a separate ministry of the chur¢h and is fiJnd•d by chikjcare vou¢hers with è low partnts opting to pay dIdY lor the care offef8d. The playgroup keeFB its own accounts and has been very well run for 8 rtlber of years, havw¢9 bullt up a surplus to cover salaries and cosls in the event it negds to dose dtswn. At ils 2023 OFSTED in¥pection thè Playgroup was rated"G¢¢d'. This is tsstamenl to thg &<cellenl wortK ol the team and the cara they offer to Ihe children. Church mernb8rs 81so run Little Pebble5' once a week. This is an 811 ablllty baby and toddkr 9roup which inelud•s thèrs and grsndparents as well 8$ mother5 There is a popular gr¢up ¢alled "Seekers. s8¥ving adults with 18arning diffjcuknes which meet regularly. Seek•rs provides SUPPOrt and discipltship to about 25 adults. It is run by volunteèrs with many years. experiènce In LlealiThg with adults with leaming difficultias. They meet wegularty for social events and organise annual holidays and trips out. They also aim to contributs to our ragular worship rIng the yèar. They are an integral part d ihe thrch famity and bring a lot ol joy to the wider membership, Thi$ gr¢)up ol peoplè Is not really specikally catèred for in many tsthor ehurcfes, so wè 8r8 pleased b be able to prowde a spiritual home for th&m offering support encour89ement.
AVENUE BAPTIST CHURCH TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 A thurch member also njns a bèr•avèm•nt support group sperificalty for parents who have lost children. Thls Is a group tspen to all the tommunity and has sgen numbers grow steadily. We have saén some mambèrs ¢1 th6 group bgcome part ol our regular worship. It again demonstrates the Posrtive Éffect we are hawng on people s lives. The church 8180 cp8r8tg$ a Women8 House of Prayer group. This has Mnlinued with wornen praying for each othgr, their farniligs. h'ends and acquaint8nc8s via WhatsApp. The church runs groups for youny people weekty during term timo. catar lor agès trom 5 to 16 divided into 2 groups that me¢ts on Tuesdays. The groups provKJe sge appropriate 8ctivitlgs including craft and games anil each 5e33ion includes a Bible study. We were also able 19 5tsrt ? new group for young peopl& Junior Vibrship Band. This meets every Wednesday and wrth oxpert luition encourag8s chiklr8n to lèam or develop ski113 Wrth 8 musical In$iwmeni, The group t¢ok part in one of our Chfistmas acti¥es. Our church building is also hir•d ¢ut or made available lo outside groups ranging frorn Ihg local Natron Tw$t bron¢h. a locsl Family History group, a Child Contact C•ntre Ig a local svJht loss charity. Thè hiring Is paruy to mise ftjnds lor the church, bui we also Ytost groups tmat aré In accofd with our ¥Blut$. Ong exarnple would be the Avenue chi Contact Centre. Although a gepgralety regi¥19red ond run charity we are plégsed to host rt as It is thè tsnly such orgonisation in the county. wth its ¥im ol fosteringlr8pairing rnlAtie4)ships befv488n thiklren and thelr n¢. resident parent It v•ry mu¢h fits wilh our rnission of Iranslomiing livès. The church opefat83 8yslem8 to ensu that $1 wople workiro with childr•n and vulnèrab18 adu118 are appropiialety vetted via OBS. u$in9 the $ervic49 of Due Diligen Ched(ing Ltd. Thlsls JUPPOrted by yafeguarding Iralnlng run by the Easiem Baptist Association. Dufing th• yo8r all trugtee3 reiVed traning up to level 3. The irusig1$ hav• rea¢J Iht Charity Comrnis3ion gUance on Publlc 8èn&fit aftd are 8•lK8fied that tlw actthtieg outlinèd above cleorty dernonstr8te that the chanty is providin9 8 b•nefil lo tho public. Achl•v•rn•nl• and p•rf¢rni•n¢• 2023 wa5 Ihe first lull eèl8ndar ye8r of Rev Guests rninlstry. She was Able to Introdu¢• and support new initiats'vts tjunng th• yèar. The thurch18 now open for prgyer 4 day$ a w•ek l¢r 8 specific period in th8 rnomiry. Wo also hald Passover meal at Easlei for the first ts'mg In • number of years This evont Was well atten(Jed and 18ad by Rev Guest. We also joined with othèr ¢hurchÈ8 in Soulhend for a Good Friday s6rvlc• In Ch•lkwo11 Path. Rèv Guèst •l$o ho$tod ovents at the mansg. Onè w88 to raise filnds for Intsrnational Needs empow•dng 18mllies in Alr1 th8 other 8 summer $cci?l evgnl. Both were very succesgfvJl. Attendan$ on Sunday$ have 5teadlly Inuaased Ihrough the yeyr aj have the number ol ¢ple $eeki9 to t4me church m8mbers and tharqby bacomg invoKd in the church declslon making. We had 5 baptisms Irt 2023 all tsn one very sp8el81 rl8y for thé churth. One of them wa8 unplann8d a$ th8 P8fson wa$ movod on ihe day to offer themselves Icr baplism. One ol the other candidat8s had only beèn comng lo our urch for a few weeks because th8y had fell the call to be baptis•d while walking past. We see this as proof Ihat God is worklng through Ro¥ Gue$t5' ministry In thè arao. We 50ughl to pnvide Support lo the o)mrnunty and church f•mily via our very activo Pastor81 C8rB Team JUPF)otsd by Rev Guest and eslablished a healing fvnd lo help those in our church who needed help with energy bi118 due to Ihe cost of living preUr¢s. Rev Guast 81$0 led a Post Covid Calé. Thv& 9n8bled peopFe to procass any I$$u8S Still lingering from Covld and lockdowns and all the resthcts'ons. Following on from this ther8 was darnand for an Art Therapy o)urso whi¢h 15 run by m8mb?r8 01 the ngregats.0n On ¥ m¢nth. 2 rnembers w•r8 inspired lo start a regular %yeekty get togeiher for somo of Ihe older people in th• ¢hur¢h who are not very mobil8. Thi3 wa3 a suc¢ssslu1 Inrti81ive and will be peated this year.
AVENUE BAPTIST CHURCH TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 successlulty reuuit8d a ntrw ChiTr aTrJ Fafflity wlfv'n Iho thufch family 10tr41ng the re$pJnabon el the previous incumbent lor famity feasons. ware alAe to COnts"n with Ihe Tu•séay provision for ehikjren and in the summer offered a'summer F. actmty. Ovof 3 days in ol the sch1 summer holiday we wovided acts"v1.e5 8nd food for local thihJr¢rt and their parenls. saw over 1CQ peop attend each dAy witr gom? corning to Other church Xvilies as a res¢ In Dècmber h051ed a 818 Paty provided by Ooug Horfay a well kn(ywn Chri5tsan children's entertainw. Th8 to subsit5e p5 makè the event rne affordabkn. Wo had 164 chiklren and thlls att¢TrJ. The ChurG has been actNe socolty akn wth tnps organ"l fvw3FK•ul Ihe 31 to The Th8mes Estuary Iboal tripl, o group wolk along Swthend PN8r with a vi51t to th& RNLI and to St Pauls Cathedr81 #t CImtrn. Sadly a planned Famity Be¥ Day was r¥irthJ off. Ouring the year the Church was very gemrousty 9ift¢d a minLS by anoth8r chw. This has already been used for day$ out and lof transportiNJ rne of our w mcèile 3¢t¥thrs lo church on somè Sunday$. IAts oim to rnaximi 115 use ¢Juring this year. Thi$ will IUde rt to ¢)thof norproft or9ano8tiong to lurtsr b8refit our communty. We heslad Yardomi FeAk Or¢he31r¥ f¢r a coD¢xrt m Jun•. 450 hostod le¢hO gospel clKJ in July lor o sucee351ul thnir¥J ol wornlwp. We tk part in a fvnd raising Initsative lor lo¢al Chnsban I$p - Faithavans. purchaged a small rèsin 8l•phant 0$ part ol the'HtrtSs m the City. inrfth. Thtr mortey to Ixry the •18phanl was raised trom wihin Ihg church. Our 8phant was 4¥coraled by thildren frtyn ts thrch mrt on public dksplay for duratic of thg event. 11 r• reJid¥s witN"n the clbuF¢h entsance. We conknu8 to try an¢y prowde adiwbes for the and IM churth forythly wrth • geod doal ol 8ueces9. Hover1cO many chantE$ we are reliant on vohJn¥ts and in 2024 wll to get peopl• Involved to avo unt•8f18tvJue as w• our rtwrnable oti•clN•. As reported 18$t year Rev Kilpin toc& the dectsion t¢ $t¢P +knin trryn "3 ministry ¥t Avenu• •1 the end olAprfl 2023. conts"nu8 tts ¢onsider how bgst to rnF4ac him wd expert to finahse thk8 durirg 2024. VW are 4w•re that commur#catn vi• w81 is Vbt¥ty iryortant and olong our webs¢ we will bfr worfK4ng to irnprovo the chur¢h'¥ onln8 Pfegew and rAp¥ty Ic4kMty 8•ptst Union 9LJelmas. 2023 was our Irsl"nomal" year 2019 IA had a lul tThme minw in plaLY lor whokn yr and of ¢ourse Ire free of Cowd th'9nWicn& We le•1 positive about tha lutUTe recognilwg that there is more we to do. We are d8pnI on Ihe help ol a sm311 ban¢J of voluners aThJ are $0 graful forthe wort they do. stsph EkIn S•¢r•lary Flnaneial r•vl¢w The man•gèment of A¥enue fifi8 wth tr ¢xisb"rvJ Fwnce Toam undgr the guidance of Cheryl Dungey as TasU1. The FinarKe tsam continued to QBOOkS to manage cr¢h financ8s. Duiing IhB year we stsrted to usa Il invoicsng 10n on Q8 to repLKe yevious manual sy$t¢m. This an improvement in ¢ash kn4. Tha Chanty has again posted a cash1kn4 deficil in 2023. IAÈ thy to cast a d8firit of near £40,(KIO for 2023 but in the event the deficrt is £21.644. Vve had not anbcipaieil 1n Wthen wè set bvdget and as he w¥$ nol place ¢Jurirg the hnantial year we rnade a on his employment, penston and salary c0515. Thi5 saved V5 arourd £13.000 In the year. We a still (koding how to replac him aThJ our 2024 budget dce5 in¢lud& a piovision for thèsè employment Costs. had abo bud9¢iad lor a tM"g rise in ufv.ty o)sts - especially over t wintaf quarter. However this has not allY rnatenalised. Thi5 is pardy to Ihe mild wnter and proactive management of building by our caretther. tsLeted frK £24. 000 of energy bills bul in the event tths has come in al around £15.¢J)O. There is a dew of o¥er the ulthty bils aTrJ th¢ir b.ming which wè ar currentty explorirrtJ wrth our ènèrgy toker- LthktyAhJ.
AVENUE BAPTIST CHURCH TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 W8 also hal no moior oul¥y on preffli80s in 2023. newl to rep•r ¥ Je in roof ai a Cost of £3,000 and a brttkèn glass pa1 at £l,S¢JO also chose to insulate and doub gie our srnalr hall. This was an investment to try and reduc8 h¥at loss 8Tr3 was partly fuThJad VA the 2023 Tk olkriThJ. The wl cx¥st fo¢ Ihbs work was £8,000. hilst Ihi$ ty all enctsuraging we dMI Njt see a greal deal of grrwth in aclu giwn9 dunng 2023. There was no re81 cJhan98 in the level of oifertory I$tiOnS an I•aS0 of £2.000 gffl aed 9Ning. This reftects stroiiened times frJr many ol our ¢ofy)re9alion- a lot of are ¢Jn fixed Ir¢0yrs. The overaTh ec4)ncffj sibJation cneS to pos¢ diffi¢ull'es for many 01•. Thè ehur¢h was the recIpnt 013 V¢ry gerOuS gft from Avenue Trust in adLlthn to the ¢c&nUM9 mission grant thw pay us. Thèy provKled the church wthh a 17 seat miThbus lo be used for church actiwties 8nd which Ggn be lènt to olher charities. We have dgLryded for now not to chargè for the mwhiS as thi3 wtsuhy involv• additronal ¢trst lor the churth In torms ol wular safety and mantsnanra cheths. There is thai opiion however if we fell tho n88d to ' us¢ th¢ gift as an Income strean. The value ol the MOuS wh8n paSè was £47,995 Our invesirn•nts vthh Rathbonès o)ThtmW5 to IkKtuate in valuo but Slill remaira above the initial depe$ll ol £450,). had • rtrvww wilh Rathbones In 2023 - an FCA requiroment- and agfeed to ¢¢ntynue with them a8 our ma91¥. pay around £7,000 aMuaNy tr ther Serv8. Al tho li$tmnts are ethical an¢1 in accLsrd wth thurch behef3. However. wnport•ntty in¥esbn8nt airtThiue3 to provKle an incKJrne slrfjam which ts ssbm8ted $1 £15.OCI) for 2024. So far we hab not needed lo call on Ihe capital amount to lund the ¢hLth adiwties 8ntJ do not •nviso90 doiryj 50 in the short t8mi As part of our caliw lo b$5 othqr thurthes we dbd lo Styjlhend Cty Bwb'sl - a wily consbtuted cknurch in Southend . £5.OIXI. This was io allow ui9ent roof repairs. The repayments hav• alwady $t•rted and a hjnded by rental inrxjme from SCB prOrty. The trustees saw F4an Irlyn SC8 ragarding the rentals and agr•d tm loan wth church menknr¥. We have roviewed most ol our supplws for rterns such 83 VASte co[0n and se¢urity. The condusion was that athou a row small ¥Jvirg5 could be m w• 8r¢ hoppy with the sorwce w8 f8LIV8 •nd uph¥aval in Changing 13 nol worth the small réductyorns in c1 Tr only •xc•O"on ts th& f• and socurty $uppli?r wh8r• 2r• seekin9 a better seNicÉ and be chary'rvJ Su. Th• intw•$t on our l¢¥n to tl 8$1 Vnw)n hos A)ryeas•d Sgnffjconty in 2023 ift lkne 1th other irftitul)n8. At the year end. the thrity had a cash posthn of É111.756 afr genefalmg a cashflow dficil of £21,844. This comp¥re$ 10 a fund surplus ol £50.003, whh Is created by th• n0fyts5h Inrlyno recognized on the inryga¥e in valuo of our RathbOn inve5trnents 19ain of £21.616 In the wrrent year cornpwl to 0 195$ of £91,055 In 20221 4nd the donatson value of the minibus, whth is repntell as donalft irforne totsling £47,99S Thefefore, whi15t the ¢hoty hag mod• • surphm of fvThJs. has tran$th w an wease in ush available tc tha ch8rity. 0Y mad6 one gift oitj rtt4•wn ffj 2023 ard morw '¢>fftJ ' us as I11 for ¥ll of 2023 plug tho GASDS lor 2023. th the dlS1on pendry on r•¢xritin9 0 nmb8r of st8ff we are ITopeftJl that with favourabl8 utslity eosts and an uplift in giving thai may bè nearer than evei In recent years lo a sub frjvr figur8 daficit or even break even. own 3 old propertlès and there will ay8 bo umxpoded repair bills. a150 allY would like to see an increase n giving frorn rnernbe appr131• Ihat Is a me55age in ts5e straitened lin& are nfKlenl that Ihe ol thg church wll Mi b• impacted try its fin8rKial si10n as we haw ass•ts some cp¥h to fvjnd every1hino w¢ wrrentty want to dD. Hawng looked at Ihe rosthts wrth tr otPr trustees wè 8r8 haFPY that ts iurch is a goin9 nIrn. We hava £50.500 deposlt with the Bwtst Union to effectwpy use a5 a r95er¥e shouhl lh• charity need to dose down. We have £450,0(Kl wrth Rathbont5 Ihat even Yrith IWKit W wsll ensure charity can Gontinue to provide public b$n?fit for years to come. Financial sustsin&"ty i8 slill tr• edrn [rn aim but for th8 fitsi year since COVKI this appears to be nearer Ihan ever.
AVENUE BAPTIST CHURCH TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Re$&tyes wlKy The trus$ CA)nsKler that mamtsiniry a anra of £50,) in the reséNe aco)Unl is a sufficnt 905 po11cy a$ this rePrest9 approximatety three months of s•lars. Iuding reddan payrnents. and operatsng ¢))st5 lor the churth. This policy wodd not Indudg cash reseNes lor reslnrtsd bj1$. Th¢ tW51ee5 con%dof that reserves at thi$ level VAI ensuro th81, in the event ot g swJnift¢ant drop fiJThJing. IY w1 b8 ablo to continue thè charity's Gurrent actiVe5 while nSidtraI1CM1 15 9i¥ffjn to ways in whth a(kJitthal hjvls may bo raised. Thts level ol fèserve$ has béan maiDtaiMd throul10 th8 year. InvèstmontOi¢y Avenue Baptssi Church has short to med¥Jm lerm inv•stmen15 and cash Os W ovt in bnc• SIaL The investment policy Is invesl in sttr)rt to m¢th"wn tefrn In¥eS1nntS at Institut81 Investment managers and banks Yh ethical produ¢ts and where the rak and f8bJms are to meMbh. Mornsks The trust&es have assessed the majcfj risks lo thwity is •Xp)I 8T• gth"$fiad that 3yStams ar• pla to Mildata •xposure to the major nsks. Tttg Trustees are uibmatdy responsible frjr thts system of Inwn•l c4jjtr and for rt8 effectNenos3. However, sh 8 System Is desynod to rnanag• ralher elimin the risk of failure 10 achi8ve thé church's objeIVeS and can onty Prov reasonatylo and not absolule assurance againsi matgnal misstatsment 011055. Ttte trust889 ar• r¢$ponsibl8 lor Ihe identhficalion and •valuatw ol significant nsks appluble 10 •1 araas of tha church tog¢ih¢r with ttt• design and cyerdbon of$uiiable ThtrS. These ks we on a Cnb"nuing basis 8nd m be asso¢i¥ted with a ol mtemal u •xlemg1 ¥(c¢S induding ¢ontrol breakdowns. disruption in Infonnats'on system8. natural ¢at8$trcphe and r8guklOry requiremants. Church pr¢08 ts ¢•Jbr•d by sp•palwt chUh insurance und¢wtten by Ax8 to rnibgate somo ol those rok>. Ch•ryl Dunq•y Trn•urnr Pknn• for luturn P•flod• It is the ¢hurch's io ¢ontinu8 lo serye •$ 8 pla ol wornhp lor the gpirituol banefit ol ts congreg•tyon and as plac8 to support comrnunity offorts th¥t a(e in lin wrth The thrch 11 ¢onDnuè 1¢ carry oul rrent adiwts¢S Ih8t sptyt rt's mtssion grrtj otyectyv•s Struetur•, gov•rnanc• •nd manag•m•nt The chgrty 1$ 4 on unincorpornted ass00aln. Th8 tnJs¢ees who sery8¢ Ihe year an¢1 w ty) fv date ol vJnature of fv finangJl 3tal8m8nts Wrn.. S. Ekins Isecretaryl M.Aéam3 P. Thompson IRèyvM 12 M•rch 20231 IResvJrt¢4 Apr 20231 (Re59d 14 June 20231 IRes¥Jned 12 March 20231 IReSWJd 17 March 20241 Ifteswed 17 March 20241 P. Mulligan J. Roc4(8 C Dungey B llIaMS J. Gues¢ P Pott¥r J thckenson L Smith {ArwAnj 12 February 2023)
AVENUE BAPTIST CHURCH TRUSTEES. REPORT ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 R&ouifrnent and 8ppointment of trustgos Mgrnbers ol the church are accepted in ac(trdancè with the conststutiDn which requires them to mak8 a public profession of faith in Jesus Christ. preferabty but not compulsorily through bapli5m by immersion. Thè membgrs. Meeting nomiany t8kes pla 6 timès a year including 1 Annual Gènaral Meetmg arKI has th• responsibility for the over311 policy of thè ehurch. In accordsnce with the C?nstrtution the membars appoint up lo 13 Trustees, inelu¢Jing the Secretary and the Treasufef. who together with the Ministèrlsl, are collectwely known as the Diaconate.They are responsible for thè day to day running ol the church s work and witness and the financial and legal aspects ol the charity. All members arÈ èncouraged to lake an appropnate part In the spiritU81 and practical tssks involved in the fvrtheranee ¢f the Gharitable objective. Trustee5 are elected at thg AGM of the Chuieh. Th8 Ta¥Trr aThJ Secretary afè appointed annual. and DeacoTrs are appointed trom wthin tha m•mtyership for 8 3 year term. Th$ Deacons are r8quirad to stand down for at least one year following 9 years of rntinuouS seMce_ Miru5ters are trust&os by virtue of their position and remain trustges as long as they ar8 employed by the church. Prior to standing for the position new tnBtees must be nominated and seconded by church mernbèrs ol good stsnding. They aré spoken lo by the Minister who will undertine Ihe legal as well as spiritual side of serving In Churd). New trustees a given ac$ tc Charity Commission and 8UGB matenèl to help them understsnd the respcffjsibilibès and •xpectation8 of the posrtion. All TrUStS are required to pass a DBS ¢h$¢k which is maintained up to date throughout thwr tenure and undergo r¢gular Safeguarding training provided by the Eastern Bap"stA$S0¢1atlOn. The Diaconate meet rnonthly Hn¢J the agenda li vari depending on Issues that •ris8 bul also has fixed liams cowèring FinaTr. Health & Safety and Safgguafding. Any mattèrs that need urgent disoJssion bÈtrrt&n meetings afe coordin8tèd by the Secretary usually by èmail Of Vi(Jeo con1eren. There arg 5gparate ¢ommitteÈs for Finance, Premises hnd Safeguarding who have responsibflity for day to day issue5. They refer any mattèrs ol wider concern è.9. major fabric to the DiOn¥t0 aThJlor wider memb8rship 8S 9ppropri¥ts. Thè Dianate refers any matters of polLy or items of larye expenditure to the birnonthly members meèts"ngs. The church members have the ultimat¢ in all but day to dayllow budget rnatters. Olhermgtl8rs The Ministar and Children & Family Wother re1v• r•muneration from the charity as a fvn¢ts"on of their ernploymènt. The ministers remunerab.on 15 based on the annual stipend IncTea5e3 published by the Bapbst Union of Great Britsin. The charity u3es the same percntaga inctsases for the Children & Fafflily Worter. Trustees othèr than the minister and Children and Famity WoFk¢r decide if and by how much their annual remuneration should in¢ase by sing th8 BU figures as a guth. Remuneraon Is also set conwdering the general financi81 sltuation of church. The Children & Family Worker was élècted as trustee before th8 Children & F•nI Wother post bècame vacant. After SUCLesshJlly applying lor the post thè church members agreed that the Childrén & Family Workei sIK)ufd continue a5 a twstee of the ¢h8rty observing the cavsats and condition5 111 the church Constitution. The Trustees rnaintaii a register ol related party transackn'ons and thete were none rJJndud8d in 2023. AS part of the Baptist Union ol Great Britain we ar8 able to asS sUPPOrt and practr'cal help with all aspect5 of running tha charity. As a chuTch we adopt BU policies on all rnatter5 such as GOPR. Employrnent, Safer Recruitment and Safeguarding. This 91uS we are adopting best practice OutSOU¢C4ng 15 limitsd to payroll functsons wharé wa do not have the resource or expertise in hwse to manage this aspect. We also outsourcg m?nagernent of aur rental property to a professional letti agent. The Baptist Union Corporation is noted above as a Iwste?. Th¢y hold b.ue to the church buildings- as they do for many Baptist chur¢he$ in the UK. They have no role In the nJnnin9 of the church but are there in the 8venl the charity ceases to exist. In that event they would 5t8p in and oversee ¢l¢surg of thè church and di8>S8[ of assets. They would also be invofved if tha church decided to $911 any ol its properties.
AVENUE BAPTIST CHURCH TRUSTEES. REPORT (CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 wos asyovÉd by the 8oJd ot iirtslcv> ISFpetaryi rfusItt¢
AVENUE BAPTIST CHURCH STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2023 Tha trustees sPOnsible lor prèparing the Trustees, Report and the fin¥nty81 statements in accor(Jan wth applicable law and Uniteil Kingdom Accounting Standards (United kngdom Gan•ralty Accept8d Accounting Praciicel, The law applicab to Charits. in England and Wales reqiires the iruslees to prepare finanual statements IDr each rinAncial year which give a true and fair viw of the Slate ol affairs of the charity and ol the in¢(xning rèsources an<1 applicatyon ot resources of the ¢harity lor that year. In preparing the6e fin¥n¢ial statemenle, the trustees are faqulred to.. ielect Suitab a¢counling policies and th•n apply thom ¢onsistently,' obsèrw the mtlhoJ$ and prinGlples in thé Charl*. SORP". - make jtydg&mnts and estimates that are feason?bl8 and prudent,. Stata whtlh&r applic4bie a¢unIlng standards hava b8en fellod. subject to any malarial departures discjosed nd explained in the financial 61a18rnents', ond pr•p&r• the finonclal 318tornenN on the geing ¢onc8m bas15 unle8$ 1118 inapproprlats to pres that the ch will continua in oper81i0n. The twstses are re$ponsibl8 for keeping 8uffi¢lont a¢¢ouniing r8cordg that 4i3dose wilh ¥Sonabl8 accuracy a19ny me the financlal position ol thg ¢harity and en8bla them to ensure thgt the fin3nti81 siatgmenls comply with tht Ch8ritiÈs Act 2011, tho Charity (Accounts and RepoFtsI Regulations 2008 ond the provisiong of the trusl d¢ed. They are al30 responsibl0 for $al•guarding the assats of the ¢h8rfty and hen for t8kiryJ tsasonabl• itOP8 lor the pr&venlion and d•tscllon ol Iiaud and other iwukr1t8.
AVENUE BAPTIST CHURCH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF AVENUE BAPTIST CHURCH I report to Ihe tru$tee$ on my ewinatw of tho ffinantial stslements ofA¥errt Bapti8t Church Ilh• ¢haityi for the year ended 31 Dember 2023 Rt•ponslbllltl•s and b•818 ol r•port As trustees of the Charty you affj responsiblo for preparatron of Ihe fmanc4al ststements in acrance with the reouirements of the Charth•S A¢t 2011 (the 2011 Acti. I report in respecl of my examinatn of tharity$ fancial statomonts carried out under seiDn 145 01 the 2011 Act. In carying my examination I have lolky+ an Ihe aOKablg Directs"C 9iven by the Charity Commission under 8eCtion 1451SKbl olfv 2011 Art Ind•p•nd•nt •xamln•rfs 8t•tsm•nt Your atténtion is drawn to the fact that the charty h•$ prepored finanryal ststernents in accordart8 wrth A¢counting nd Reporting by Charib•s proporing their ri 3tt0fdan the Finanual Reporl'ng Standard applicabt• In the UK and Rttpublic of Ireland {FRS 1021 In WBlerenc4 b) the Acc4Juntw and Roporting by Charitses Statement ol Recommended Practsc• issued on 1 Aprit 2005 which is r8lerrd to in the extant regulatrons but has now b&9n wilhdrnwn. l understand th81 .5 h¥$ been £9r lor fmancial ststements to provtyJ8 a tnje and lair Mew In aordanCe with Generally Acupled Accountmig Pr¥¢tttr ofkcts.ve lor repMNig p•rK#J$ beginNrYJ on or after 1 Januwy 2015. I h¥ve cornpleted my examinab"on. l oyfiftn Ih•t no matrs have o)me w my •ttenb"on in c4nn&Jn ¥Yith th eXaMallOn giving mo ¢8U8e to believe thai in any mat•nal resp8d. account)g r•wJ$ w•re not kept in resp8ct oftM chW a$ Nwr¢d by Section 130 of 2011 Act,. or the financial stowmnts do not accord wrth IhDso rècords, or the financial statements dc> fv)t clY wilh the appl&¥J8 f•wiromènls contmir9 the foTh ancl content ol 9¢niS set cut in the Chanl*s (Accounts and Reporfs) R•gulaty'onJ 2008 other than any reqremIn1 Ih81 the 4cccunls give 8 ta and tsir M¢w 1$ not a rnalter consi(J8r8d as part of an indppendent examallon. I h•¥e no c4nc•ms 8nd cthne atto88 Th) other matterd in COnn"¢)n vlith th• eX•miti¢ to which attentn should bè drawn in Ihis r•port in orvjer to •nab a prOr vnd8rstaTrJifvJ of th• financial st8tements to b• roo¢h•J. A Stafford FCCA 457 S¢ulh¢hur¢h Road South8ThJ on Seo Essex SS12PH
AVENUE BAPTIST CHURCH STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unre8trleted Retriet•d fund$ funds 2023 2023 Totsl Unmvkt•d Reatrict•d nds funds 2022 2022 Total 2023 2022 Not•s Income from- Donobon5 and18gacs Charilabl8 activities Inveslments 138.192 24.550 24.453 17.001 153,193 24,550 24.453 91,707 13,956 25,121 10.000 125 101,707 14,081 25.121 Totsl incorn• 185,19S 17,001 202,196 130,784 10,125 140,9)9 Charrtabte acbmties 159,792 14.017 173.809 170.926 9,946 180.872 Net gain51llossesl ¢ investment5 10 21.81e 21,816 191.0551 191.0551 Incomgll•xpenditur•l and movement in lunds 47.019 2,984 50.003 1131.1971 179 (131,0181 R¢con¢iliatlort of funds.. Fund belan at 1 January 2023 559.752 31,898 591,650 890.949 31,719 722.66e Fund balancès at 31 D•¢emhr 2023 606.771 34,882 641,853 559,752 31,896 591.650 ststanent of financial adiwts.es indudes all gains and1os5es ned in the year. All income and expènditurtr dorive frtyn cnnts'nuing activrties. 10-
AVENUE BAPTIST CHURCH BALANCE SHEET AS Af Ji DECEtrf8ER 2023 2022 fl%ed•5$¢1• 12 4¥ 4rfT.273 4W55 Curverjt aSrf6 Di10t$ C881? tsi I•k and lrt h 1S 13.1fAI 133AL¥I 111.7S8 154.761 Id6.580 ¢rndllgry- MnYJurti# l•lllng dvo wllhl one yeèr 46 ia2r 8.4ffS NM L¢5 IX..555 Totsi aSSrts l¢ss £urrpnl Ilatsllitlgs 41.653 yJi. tlw tun09 Ot ihp Chaffly kn¢4)rh iuntb 31JSP 641.05i 591 S Ekin% ISFv*ryl TnFste&
AVENUE BAPTIST CHURCH STATEMEKf OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Cash from operatlng a¢tyil*s Cash absorbed by operatior 157.4931 169,8121 In¥•stlng activitiès Purchase oftsngiNe fixèd assets Purchase of investmènts PrcKeeds from dtsposal of invÉ$tnwnts Invejlment income rec8iwJ 16881 {21.5571 33.641 24.453 145,8481 47,122 25,121 N•t cash g•n•ratèd from In¥estir•J acVitI 35.849 26.395 N•t cash used In finCing actmts N•t do¢r•••• In ¢a9h and ea8h eqwv•knnts 121.6441 143.4171 Ish arKI cash ¢quNalents at ofyear 133.400 176.817 C•sh and ¢a$h •quiv•l•nts #tend oly•ar 111,756 133.400 12-
AVENUE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounllng ¢1¢5 Charity Intorntiort Avenue Baptist Cr&I is a carifat4e unwxuporated assooabon is governed by its Th$"ton dated 26th July 2015. This enlity 4$ a publi benefft . 1.1 A¢countinq conventkon Th? financial staiÈments have been prepared in ac£ordance wilh the charitys o)nskn"tubon. the Charits Act 2011, FRS 102 "The Financi Rewrtlng Standard apiCab in the UK Republic ¢1 Iland. I"FRS 102.1 and Charits SORP 'Accs)unbrvJ anil Reportiro by CharitEs' Stment of Recommended Practi aptdicable tts chanb'es prepaftry Iheir accounts in 8¢xordanr8 wth the Financial Rew)rting Slandard applicabte in the UK and Rew)k of IrelaThJ IFRS 12r letkn8 1 Jonu?ry 20191. Tr chanty is a P) Benefft Enw as defined by FRS 102. The finanoal sktements have dep?rtgd fw ts Chanls IArAX)Lwts ard Repoilsl Regukkn"ons 2008 onty to the ?xtEnt reqwred to proinde a true lar vw. This departure has invofved following the Statement of Recommendèd Pra¢bc£ for chartigs FRS 102 rather than thè version ol the Statement of ReCmended Pradice whth rs referred itt In tre Re9atiOnS bui which has sineé been witslrawn. The f•)aroal statements afe prepwed in sterting. is Ihe fvnLb)nal cJJmncy of ttE charity. Mone amounts In tse finanoal statefflerts a round8d to the nea1 L The finanryal stat•nents habe Irt pr8p3rJ urthr the woital cost wnv8nbon. The wncipal accounting pIcS adopled are set oui b¢kw. 1.2 Golng con¢•rn Al Ihe time ol approwng Ihe finanrial 5talEments. ts trustees have a roasonable expacIati that the chanty has adequate resourtss to conbnue in (Verats4 eXtsten lor the foreseèable future. Thus th• trLBtees ntinue lo •Jopt the goir¥J corKem baSLS of arLountirKJ in ppar1roj thg fina)a1 statements. 1.3 Charitable lunds Unrestricted are aYae for al the dxretp)n of the twsiees in ftJrtheraKe of their chantsble objectives. RwtrKteO fundy ar• sufy'ect to sreots eor¥JrfW8 by donor5 a5 to h¢)w rDay bè sy as spwalty desi9n8ted by ¢he trustees. PUrpC aThl use5 of tho re51nrtÉd ld5 are set out in the notss to ttle financial statements. 1A kncom• Income is recognsed wln the chaty is Wly gnthlkd to il aft¢r any twlowmance o)ndit¥)ns ha¥é b8•n met, Ihe amounts cw be measured rnlobty. wd it ts pyobatlo 1hat IrÈ wdl te TeNert. Cash d0That5 a c03n on receyL Other donalvjns are recwtsed once the charity has been nots"fd of the donation. unless perfomaKe itK)rts requwÈ defeff of ltte amount. Incoff tsx recoverable in relatty)n to (k)nations re1Ved urKler GiftAhJ ord8eds of covenart B rgcognised al t knie of the donotion. GrftAbl LS recognised in the acLxunbng yearthe rèlevant ¢Jonath(Trn is recryniwj. L8gaoes are recognised on retript or otheTh¥se rf has Mtsfd of an impending dEtributhon, thè amount is knovffl. rec*ipt is expedaj. 11 the arU1 is nol krthwn, the IacY is treated as a c£)ntNwit asset. Grant In¢ 15 cOgniSed when kgaty to rt after any FerfoanCe Nndlbeffj have been met. the omounts can be ffleasLxed rel101y. is probat48 that incune wll be re¢$0. 13-
AVENUE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS {CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023 A¢¢ounilng pollcl•s IContinu¢dl 1.5 Expendlture Expenditure is CogniSed onc8 fvro is • leg81 or constnJctiv• obligab.on to transfer ecgnorn benefit to a third party, it 1$ Probab that a Iransfer ol econofflK benefits will be required in 5eNement, and the amount of the obligalion can be measu& feliably. Expenditure is elassified by sctiwty. The CA)sts ol •a¢h 8¢tivity are ffjade up ol th• lolal ol dirttt Cost8 and shered rJ)sts, including support ¢OSts inv¢lved in undertakin9 each activity Direct rA)Sts attn'bulabl8 to a single activity are alloc8t8d diréctly to that activity. Shared costs which ¢ontribule lo more than one auivity and support costs whi¢h arg not attributable to 8 single a¢iivity are apportioned b8NY4on thosè acts'vrtKg8 on a ba61S consistent with the us8 ¢1 re$ourc¢s. C¢ntral staff costs are 8lloeated on the ba¥18 ol bme 8pent, and d8pr•eiatiort tharge5 are allocated on the portlon ol asset's use, 1.6 Tanqlbl• fftx•d 4•$•ts Tangiblo fixs<l asset$ are inits'alty Meas• at cost and $ub¥equendy measured al co$1 or vplualSon, nel of deproc4ation and any imp8Srm&ni lossas. Depreciation is fecognised so as to write oll tha cost or valuation ol assels less their residual value8 over their usefijl lives on the following ba$&s'. Flxtureg and fittiw$ Compute Motor vehiclès 25% R8ducing Balanc 4D% R8ducng Balance 10% Rgduang B•lonc4 The gain or1032 grising on the disposal ol an aswl 1$ ¢otmiinod 8$ the difference b•Nv••n lh• 6a18 proe8edg and the ¢8rryiry valw ol Ihe asset, ?ThY is re¢ognised in the 8latement of financA81 aclivilies. 1.7 Flx•d a•••t In¥•tm•nts Fixed asset inveslments 8r• inili8lly measured el tr8nsHclion pric8 excludlng Ir8nsoCti¢n ¢o8ts, and are 8ubsequ•nNy m•Asur•d 81 fair valu8 gt each repothng dato. Ch$nge$ in fair value are recognise(J In nat In¢omollexp8nditurel for Ihe year. Tr•n9aclion or• •xpnsed a5 GUrre(l. 1.8 Impainnènt of fixed a••gts Al each rép¢rtin9 énd date. the charity reviews the carrying #mounts ol its langlble 88s0ts to d•tèmin8 whether there 13 any indication Ih81 those a53els have suffered an Impairment loss. If 8ny such indats.0n exists, the re¢ov6rabl• 8mount ¢f the asset 851imated in Of¢Jei to det8rming th• extent ol the irnpairrn•nt 103s lil any). 1.9 ¢a•h and ¥h •quiv•hnt• cash and cash equival*nts in¢lud¢ ¢ash in hand. deposits held at call with bonk5. olher 5hort.term liquid investments with onginal rnaiurrties of three m¢)nths of less, and bank ov¢rdrafts. Bonk overdralts ar• shovm vlthin borrowffjs in Current liabililiea. 1.10 FInal•l In•trum•nts The charity h¥$ ekcted to apply the provi51Dns of Section 11 'Basic Financial Instruments, and Section 12 'other Financial Inslwments Issues. ol FRS 102 to all of its finanei81 Instruments. Financial instwmènts are recogni5ed in the charity$ tyatsn¢e sheet when th• charity becomes party to the contractual provisions of the instrumeni. Finanrial assets and liabil5 are oftset, with the net amounts presented in ihe financial statgrnents. when there is a I81 enfOable right to sel off tho rg¢ognised amounts and there is an intention to setu8 on a net basis or to iealise the asset and settl8 thé118bility simultaneously. 14-
AVENUE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 AccOU1n0 poli¢l•s (Continued) Bask finan¢ialassets Basic financial assets, whic induJ8 dthrs aTrJ cash aThJ bank b3larKes, are measwed at traacticAl p iluding transaction wsts unsS the arrangwnent rx)n5trtutes a anCing Iwsxtm. where the transaction is me35ured * the present value ol the futwe recery)ts discounw at a mathét ra ol interest Financial a$ssts dasS1f as rewvabkn vrithin orE year tn not wnorId. Basic Iln•n¢MI bIllI1¢S Basic finBncial habilths, mduding ue(litors * bank •r• renISed at trdnsarDon price unlèss the arraement ciyi$irtul85 a financing transacn. the debl instruTrI measured at tho present value of the future payments ¢scounted at a mwket rate of 1$1. Finanrial S"&bes dassffied a5 p#yabl• within one year are not amortised. Trade creditgts #rè olgati(S to pay for goc#Js OT servkx Ihat have trRen awired in Ihe Ordin course of operation5 from SUpplts. Amotyits payab are as Current liabrtitigs if payment is due ¥thIn Dne yeaf or $$. 11 rrfJl, Ihey are près8nt8d as non-current babikts•& Trnde ryeditors a recogrwsed at transaction pri. DerKognidon 01finAnc fMNiitt85 Finanrjal liabilrties • dereo)3ni5ed tten Iho cnaual oblvJatMs expir¢ or 8rfe di5tharged tsr cancelw. 1.11 Employe¢ benefits ThE Cost of any unused hL4iday ternert s reco3i¥sed in perK)d t•thith Ihe 80Ye'S seMc$ are recwved. Tenrination benefits are rKognraed immediately a5 an expense wh8n the charity is dwnorkslrly commrtted to twminate Ihe erfvment of on •rN)loyee or to pmije tgrrninalKJn rnfits. 1.12 R•iirement benèrrts Payments to defined wtriLJtNJn retirer¥Mt benefft s are charfftj as an e4)ense a$ IW fall duè. Crtlkal a¢¢4)untln9 estimat•s and Iud0nts In thè applicatton of the charity's accounb"r•J polaes. the trustees a requwod tts make judgements. 95timates and assumptsorts about the carryirg of assets and habilibes that are rLOt re>Jifyf apparent from other seurces. The estimates and associaled assLmPth)ns are based on histori¢al experience aNI other fa¢tot5 that arè Consered to be vanl Actual resutts rnay drf•r from the58 estateS The estimates and undedyng aS5LWnpt are reYEV on aTh In9 basis. Revisws to accounttng estimatss are 09ft1$ed in the period in the esbmzte r6 vIsed wher the revlOn affects lY that peThJd, or in the pwtyj reMSn and future per¥)ts vthere revigon afvcts both current and future pewvyjs. 15-
AVENUE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR fHE YEAR ENDED 31 DECEMBER 2023 Incom• from donatlons and lega¢los Unr•strict£d Re¥trJctsd funds funds 2023 2023 Total Unwtri¢ted R•8trlcted fund8 fund8 2022 2022 To1 2023 2022 Donations gnd gifts Legaeiès rècÈivable Gener41 grants r$¢ewable Donated goods and sèfviees 88,197 3.551 91.748 83.539 8.168 83.539 8.168 10,000 13,450 13.450 10.000 47,9g5 47.995 136.192 17,001 152.193 91,707 10,000 101.707 IoMe Irom ¢haritsblè aetFvIt Unrnstrietsd Rogtrlcted funds fvndg 2023 20Z3 Totsl Unrg8trlcted R•8tri¢t•d fund8 funds 2022 2022 Total 2023 2022 Donations r1ved I other organisations Chariiablè réntal Ineomè 125 125 13,956 24.550 24,550 13.956 24,550 24,550 13,956 125 14,081 Incom• from invo$tments Unr¢•trl¢tsd Unrnstrictsd lund¥ fundg 2023 2022 Rental ineome Income from list•d im$knents Interest receivable 6.882 13.868 3.723 10,200 13.889 1.232 24.453 2S.121 16
AVENUE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Exp•ndltur• on charltsble Charltablo a¢¥111 2023 Charftsbl• xtivltl•s 2022 Dlr•¢t ¢o$t• stsff CD¥t8 Depreciation and imp8imient Prgllllses COStB Events. organisats•ns and M3103 Adfflinislration expendllure Leg81 and professional Aceountancy lees 76,791 6,670 47,779 6,045 9,577 7,779 6,180 71.tr)5 2,456 62,605 5,849 9,865 7,751 2,850 180.821 163,281 Grant fvndiw of acts'wtd9Is9e note 71 12,968 17,591 173,809 180,872 An•ly•l* by lund VnreJlriCted hjnds R•sm'ct6d lund8 159,792 14,017 170.926 9,946 173,809 180,872 Choritable expenditure is allocBted befften re$lrictgd 8nd unmstrict¢d lunds based the dire¢t olation of th• xpendilure to the purpose ol tho frjnd. As salariès and employmonl benefits relatg lo tha gener81 wnning of the charitoblo actmtws these are n(l•d through unrestricted nds. As the entty PUF5Uè9 8 slngh ¢har#8ble adivty. expendifvtr¢ does not need to be 8lbrated betsveen 8Ctl¥At$
AVENUE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Gr¥nts payabl• 2023 2022 Grants to In$tu11¢ns'. Bapt15t Horne Mis3)n- m195M SUFPOrt Bapt$t Missionary Soci¢ty- missm support Mcmillan Cancer Support OEC AfrJhanisian Ap31 H•vens Hosyc•- Herd In City L¢prosy Mi5sion- gifts I by thurth p¥ssed on Intrnatson81 Needs UK Order ¢1 St Stanislas Gweat Brrtgm A580oated Tern109 Yardafft Folk Orthe$tra Winter Gardens- Ml88icm sUprt Olher 4,800 e,000 6.Lk)O 450 501 278 350 1CJ) 5,290 I,OQO 12,988 17,591 The caority mJe sNnfftant grnntg to instilutirw in year in order to $LVPQrt mi$sK)ns or to ¢n gifts recowd by tr• church and pa33e¢ on to inslrtub"oro. Tru•t••• None ol tho trusloes recwJ •ny r¢murat of expgnws lor Ihei¢ ro 45 a Iru5t••. The lolknvity tiiNiees ar• •mpWd as ol thè cfvjrd). as tWI ¥$ hwn9 a ro in th• to day runniro of th& chur¢h •TrJ therefore forffl key managemont. Their remunofaD¢n govemed by th& ¢h•nty's consblubon. 2023 R•mun•r•¢kn P•Th•lon Contrlbu¢ion 26.950 3,408 4.494 418 10.707 Tolal J Gu89t J Kiwin Lsmith 30,358 4,912 10.903 2022 R•mun•rdlloh P•n•ion Conlrfbutlon 13.287 1,336 15.095 Totsi J G$t 14,60S 15.755
AVENUE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR EIIDED 31 DECEMBER 2023 empl¢y••s Th& overage rnOnth number 01 employees drI the rW#S.. 2023 Numb•r 2022 Numl Employmént 2023 2022 Wages and salaries Social sÈ¢urity cKJsts Othor pertsion cL)5ts 71.857 252 4.682 63.670 8,235 76,791 71,905 The ch¥ity ornployed 2 fijll lyne staff tJuriNJ year tsno membfj of staff dwn9 the yo8r. The ful lime equivnt number of staff represenknd 1 thjl t¥no of stsff. There(Dr• ¢ntyty ha• M lime 8qUIV41eni st8ff in the year of 3. Ther• w•ro no ¢mploye•$ whos• anrwol reM$Jw was more than £eo,¢)J). 10 0•ln• and lo•M ¢)n Inv••tm•ni• Unrnitri¢t•d Unr••trbci•d funds 2022 2023 Goinslll¢$$a$l ansirwJ on. Rovaluation ol inveslmit¥ S* of in¥g$tm8rts 22.417 18011 184.1471 16,9081 21.618 191.0551 11 Tax•llon harity is exempt from twty)n co ts tecarye ail rts is ¥pbed for rjwiiafile pu. 19-
AVENUE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 12 Tanglble flxod ?¥80ts and 11tt5fftBs Camput•T Matoi ¥èhieieJ T)181 Colt Al 1 January 2023 Additions 10,773 4,063 688 14,838 48.883 47.995 Al 31 O•c•nber 2023 10,773 4.751 47.995 63.S19 Oepr¢cl•tlon and Imp•lrm¢nt Al 1 January 2023 oeprècki.0n charged in the year 5.579 1,298 2.976 573 8,555 6,071 4,800 Al 31 Oecernb8r 2023 fj,877 3.549 4.800 15,228 C•rrylno amount Al 31 O•¢•mber 2023 3,896 1,202 43,195 48,293 At 31 December 2022 5,195 1.Q87 6,282 13 Flxgd ••Jot Inv••tm•nts Unll4tsd Inv••thont4 Co•t or valuatlan At 1 January 2023 Addition3 Volu8tion ¢h•nge¥ Oi3posals 447.273 21.SS7 21.618 133,fj411 At 31 December 2023 458,805 Carrylng amount At 31 Oermber 2023 456.805 At 31 Dec8fflb?r 2022 44T.273 2Q23 2022 In¥eytm8nts at lair value comprls$'. List8d Investments Cash 456,805 10,022 14g7,7421 468,827 497,742 Th• book value of investments held ai the year end Is £415.79312022.' £427.1521 -20-
AVENUE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEhlENTS (CONTINUED) FOR THE YEAR EAIDED 31 DECEAIBER 2023 14 Fln4n¢io1 instsuments 2023 2022 Carrylng amount ol tha1•1 aets Instnjments rn$red at tsir value thrOh profit or k)$5 456.805 447.273 1S Debto 2023 2022 Amounts fallin9 duo wthhln on¢ y•ar. Tra¢Je debtNs Other debtor¥ 2,495 14.466 26.044 100 3.653 9.407 43,005 13,160 16 Crnditors: amounts lalling dug willthn ¢Jne y*ar 2023 2022 Other taxab)n srKia security TradÈ erèditors Other creditors and defemd ino T14 173 123 8,1Sg 16 643 18,20S 8,485 21
AVENUE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEPIIENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023 17 R•tlrnffl•nt bthofil #hem Oellwl contrIbUOn h• Thè tharity operates a dgfingd contribjtion n$)n stm• for all qualify'rvJ enyjloyees. Tre ¥sseis ol the scheme are hatrj paIety from thos8 olthe tharity in an dep[Y athminist•red The charge to profit cv hjss in rospect ol defi o)ntrtutth 5chwnes was £4,68212022- £8,235). D•fin•d B•n•fft S¢h•m• The Cr¢h 1$ a tIcIpa •rry>loyor thi BaptBI pen Scheme llho s¢¢m¢-I. wlw"¢h is a sep8rate l•gal èntity admirstered by the Pensic TrLL8tee {8aptL8t Pens)n Trust Lirnitedl. The assets of the Scheme •re hekl separalety from Ih¢s¢ of Ernpbyer and the ottr partwoting empkyers. The Schamè is consklered to be 8 muttt-empby¢r Sne ag ¢je5Cn In S•ction 28 01 FRS 102. 8e¢8u88 is not possible to attribut¥ th sche,9 assets and habilrtie5 to sperjr employer3, Ihe scheme 1$ C4Junled for as il thè Stheme were a definod contribul¥)n 8(rne. SirKe l January 2012 Ihis s¢home has CV8rat•d through o defined Contribuon pl. A fonnal valuaon of the D8 plan as at 31st December 2019. COrd out by a prohssional Arttsary u$AIg the Piwed Unit Melhod. found the to b¢ £18m In d&fv"l of asuts rnowrèd to pay the required benefits. The joint members ol thi$ scheme securv<J the (le"1 vi• and Instituted a recovery plan In Augusl 2022. Under Ihis rerAlry plan each parlrjpaity employer li requN8d to contn"but• £1 pef month. The Chur¢h ¢onsid¢rs th•t tMse conlrt)ulvMs ¢an b• thJlfiled 9eneral unrgstythd I1 #nd 8¢ no sep¥r•tè de3tyJnolion of funds. or 0th8f fina181 prow$*)n. Is required. 18 RMtrlct•d lund• The re¥tncted fvnd5 of the ehority ¢tynF¥15e the jno8d bakn$ ol donotr'onj #nd 9T8nts held on tru$l Subject to spe¢iftc corortions by donors 83 tr) how they may used. Al 1 J•nu•ry 2023 Incomin9 ROUr¢•• rn8oure•s gXPgnd•d At31 D•¢•mb•r 2023 Mission Fund Smal Pu¢pos• FUTh Donation$ w Ext¢rnal Organis8bons Safe Spacè lor Homework Transforming Lwes for Posi covio Ther 16.589 13,877 11,140 3.000 411 2.000 300 150 17.e151 IS,g001 12781 20,114 10.777 1,765 2,000 138 88 11621 1621 31,898 17.001 114.0171 34,882
AVENUE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 18 Re8lrfcted lundg IContlnu4dl prev10 yoar. At 1 January 2Q22 Incomlng Resoureos our¢e$ ?XPgnd•d At31 Dee8mber 2022 Mission Fund Special Purpose Fund Donations lo Extam81 Organi59tions 18,420 13,677 1,622 10.000 19.8311 16,589 13.677 1.632 125 (1151 31.719 10,125 19.9461 31,898 The Missic) Fund is restricted to usè for outreach and mission wrthMI the )Mmunity and is fvnded by a grdnt frcth an exiemaj organisation.. The Avenue Trust. Thi5 fvnd is use to contribute to the salary of the minislry team and fund outreach fvents and rè$owcés. The Spacial Purposg restrided frjnd is used to separate funds for specific oneryoff events from th• general church fvnds and so is only used lo fund th• specific ovent in quests"on. The church collecis d¢nations for other caus05 which havè simiL9r or complemeniary objec"v8s. The Donations to Extemal Organisations fvnd is used to ¢oll•te those don81ions and ¢n5ure Ihey thay are paid o to those (ryanisab'¢ris. Safè Spaco For Homework rélated to a lorAI authDrty Partnership gra for working along5idÈ load s¢hoo15 to provide a safe. productive Space for homework and barrung. Expendrtvre related tts this grant is anticipated 10 begin in the 2024 ac¢ounkn"ng period. Transforyning Livas lor Good hs a local d)anty grant Partnership which cKJnDnuas into the 2024 accounth.ng period, where the m8*11n9 funds are used. Post COVID Therapy rtrlates to a 5m811 local 8utlKJrity grant to awj wilh wnning ¢o$ts of p8Storal an¢J Community G4fE projects undèrtaken by the entity. 19 Unmtsi¢t•d funds The unres¢rietad fundg of tre charty compiise the uneXpernd b318nees of donations and grant5 which 8 subject to 3WC4fic conditions by don0 and grantors 85 to how thèy fflay be used. These indude designatad funds whith have been set aside out of unrestricted fvn(ts by Ihe tru$ta8s for sperific purposes. Gains and At31 losse$ D•eemb•r 2023 At 1 January 2023 Incoming Resources re89urce$ oxpendèd Transf•rn Pension doficit ftjnd Oesign3ted Legacy Fund General funds 111,357 1121 (111.3451 11,415 436,S60 11.415 595,356 185,195 1159,7801 111,345 21,616 559.752 185.195 1159,7921 21,616 606.771
AVENUE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 19 Unmlricted lund• Icontinuédl Prn¥lou• y•ar. Al 1 J•nu¥ry 2022 Incomlng Resour our¢e• •xp•nd Transhr6 Gains and los• At31 D•¢omb•r 2022 Pension deficit fijnd Desnald L•9acy FurKJ G•nefal lun¢ts 114.715 (3,3581 111.357 8.188 122.616 12,2951 {165,2731 11.415 436.980 S70.892 {91,OS51 690.949 130.784 (170.9261 191,OSS1 559.752 Pension d•fi¢r¢ hJThd - Ihiry lund is ld as in anb"cipatson ol th& tot•1 penS)n deficit due to th• Baptist Union In felati¢n to mfftister5 and 8mpbyeès n$10&. Thts fvnd has l>e•n returned to gemral unr¢stri¢ted furtds due to the chary in conditvjng det"kd in 17 Designaw L•go¢y FwMI- Il¥s fij cotilu1? Iwcie9 gtven th• Boptyat Church which no specific re$tri¢tions imp03ed upon them by don. The Tnjsteès w$h lo use IhY fvTrJ on ¥>ecific bJtur• proj•¢ts so sible retum can be seen on the gaDeS g¥en to thurch 20 An•ly•l• ol n•t ••••t• b•h•n lund• UnrMtrt¢t•d lund 2023 R••trl¢t&d lund• 2023 Totsl 2023 Fund b•l•nc•• It 31 ts•¢•fftr 2023 av• r•pr•Mni•d by.. Tangl8 8ss4ts Inwtrnenls Curr•nt ¥$$&tsllliabilrtwl 48.293 456.805 101.673 46,293 456.805 138.555 34,882 608,771 34,882 641,653 UN••trl¢t•d fund• 2022 R••tri¢t•d fund• 2022 Tot•1 2022 Fund balanc•8 at 311)•¢•mb•r X122 *r• v•pr•wntsd Oy: Tangible assets Investm8nts Current a98etslllkabth.twl 6,282 447.273 108.197 6.282 447.273 138.095 31,898 559,7S2 31.898 591,650 21 R•latad p•rty tranu¢llons -24-
AVENUE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 21 Rel4t•d pa¢y tran$•¢llon• (CMtlnu•dl Trnn•aclions wlth reLqted partl During the year Ihe charity ent¢r¢a into the followinp transa.0ft5 wlth rolated poth9$'. Th• church received a grant of £11,000 12022.. £10,000) from Th Avenue Trust W SUPPOrt It5 mi85icfi work. The Trust iy Conn&ed to the Chur¢h due to its common tru$te•s. 22 Ca•b 9on•r41•d Irom op•rntbon• 2023 2Q22 surplu1•T1cjtI lor Ihe yo•r $0,004 1131,0181 Adju6tsftents for.. Invastmenl income recognised in statement ¢1 finanrAo1 activitie¥ L05J on disposal of inv$tment5 Fair valu gains and losses on Invosth•nlg Non- cash cjonati¢n ol asset DopreciAtion 8nd inpairm8nt ol18ngible fixed 8$8• 124,4531 601 122,4171 147,9951 6,871 125,1211 6.908 84.147 2,45fj Mo¥emènts In worf<lng capit81'. Ilncreasèlld8crea$t In debtor3 Increaselld8cre8sel In creditor3 129,8451 9,741 472 17,6561 C•h ab#d by op•r•tl•n• 157,4931 169.8121 23 Anaty•l¥ of ch•ng•i In n•t fundx Tha charty had no molerlal debt durin9 the ye8r. 24 Prlor porlod 4d)u•tmont The balow pr*)r year restBtemÉnt has begn completed lo accurately repr•s8nt leg4¢y lunds r8cievgd in 2020 as unrgStncted. as par the lenns ol the gift by doner Th8s8 fvnds were allOted a$ r8Stricted in grror by the trustee8 at the twne, an error which has been unc4vergd in the currènt year. A$ th¢ original funds re not reslrided by the doner find the Trustees do not ho the con$titutk)nal power lo r8strict othérwise unre8trlC funds, ihg finanriHI st8t8m•nts hav9 been adju$tsd to repreBent the nature ol these fvjnds. -25-
AVENUE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (COPItINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 24 Prlor porfod adJu•1ml (Contlnu•dl Chang•s to th• balanc¢ she•1 At J1 Dec8mb•r 2022 As pr•¥loly A4ustrn•nt report•d A• T•stst•d Copilal lundy IncKJme fvr Restricted fijnds un51( fvJThYs 135.063 456.587 {103.1651 103,165 31,898 559,752 T•tsl •wlty 591,850 591,650 Ch•ni• to th• prolll and lo•• K¢wnt P•rlod •nd•d J1 D•c•mb•r 2021 A w•vlou5ty Adlu•tm•nt AS r¢sl•t•d Net movwnent in lunds 1131.0181 1131.0181