raynerslane baptistchurch AccouKfs FOR THE YEAR ENDED 31 DECEMBER 2023 A Charity Registeredin Englandand Wales Number 1129399
RAYNERS LANE BAPTIST CHURCH ANNUAL ACCOUNTS AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Conlants Report of the Trustees Report of the Independent Exami Statement of Financial Activities Balance Sl*Èt Notes to the Financial Slatements 1-6 11>26
RAYNERS LANE BAPTIST CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 Legal and Admlnlstrallvè Infommtlon Trustees Mrs S Barker Miss R Cox {Resigned 26th March 2023) Mr A Dunn Mrs P ErKlerby Mr J Francis Mrs PS Mangayarkarasi Mr l McNulty Mrs L Ogundere Mrs B Phillips (Appointed 26th March 2023> Rev J Smuts (Resigned 240) December 2023) Charity number 1129399 Principal address RayrErs Lane Baptist Church 139 Imperial Drive Harrow Middlesex HA2 7HW Independenl examiner BrKJhl Grahame Murrdy Emperorfs Gate 114a Cromwell Road KensirKJton London SW74AG
RAYNERS LANE BAPTIST CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees present their annual report aThJ financial statements for the year ended 31 Decemb8r 2023. The financlal statements have been prepared in acccthnce with ts accounting policies set out in notes to the financial slalements and comply with the Church's (x)nstilution, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Reix)rnmended Practice applbcable to d)arities preparing their accounts in accordance with the FinarKial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 102)" (effeclive 1 January 2019). ObJectlva8 and actlvlllas The principal purpose of the Chur¢h. as per its Constitution (gov8ming document) is the advancement of the Christian faith according to the principles of the Baptist d8nc*ninaticfi. The Church may also advance education and cary out other charitsble purposes in the United Kingdom andlor other parts of the world. The Church is Evangelical and accepts the Holy Scriptures as its sole authority arKI exists lor the worship of Almighty God. It operates primarily in the London Borough of Harrow. The Church's mission statement is.. At Rayners Lane we se8k to be a family of committed followers of Jesus Christ. of all ages and from all natv)ns. as we shar8 the good n8ws of Jesus where we live and work and around the world. The Church's activities include: regular public worship, prayer. Bible study, preiThj and teathiTr3: evangelism and mission, Ii)cally. regionally, nationally and 1nteMana1ly. the tea¢hing. encouragement. welcorn and indusion of young Feople: nurture and growth of Christian disc¥Jles,' edu¢ation arKI training for Christian and communty service., giving and encouraging pastoral (xre: supporting and encouraging charitable social action in the United Kingdorn and abroad: encouraging relationships with and supporting Baptist and ottrer Christians. Public Benefrt All are w8lcom8 to attend the serrfices and activities at the thurch arKI our mambèrship comprises people from a wide range of ethnic and SO•eCor)mIC backgrounds. The church undertakes a number of activit which are open to the community. and this indudes a weekly parent and toddlers group. a monthly Community Kitchen. a Saturday morning café and an annual Holiday Bible Club. The church also wishes to reach out to the coMrnlty of Rayners Lane and supports the local council by allowing the use of the chw¢h premises as a polling statK>n. The 2 Rayners Lane Scout Group. a Pilates gold group and Crossroads Crisis Pregnancy all use the premises. We continue to act as a collection point for Harrow Food-bank and operate a weekly foodbank from the church premises. The church also operates a CAP Debt Centre from our premises arKI the CAP Debt Centre Manager is a member of the staff. Our objectives and activities fully reflecl the purposes that charity was set up to further. We have r8f8rfed to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our objectives and activities and when planning for future activrties. The Trustees have given due consideration lo the Charity Commission published guKlarKe on the Public Benefit requirement under the Charities Act 2011. Roviow of a¢tivitie8 Rayners Lane BaptlSt Church is an Evangelical Christian communty located in the London Borough of Harrow. Its current Membership reflects the increasing mulli-cultural diversity of North West London and every Sunday each conlinent is represented in the congregation.
RAYNERS LANE BAPTIST CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 {0)ntWi1} Members of the Church met regularly. in person and by teleconferencing. lo teach and study the Holy Scriptures. lo pray, to spread the Gospel. to build up Christians in their faith. and to show the love of Christ to the local community. During mosl of 2023 the Church has had fve members of staffr, Senior Pastor, Assocaate Pastor, Children and Families Lead. Church Administrator and CAP Debt Centre Manager. The Associate Pastor. was called to a post in Dublin at the end of November and the Senior Pastor YRS called to a post in Leicester al the end of Dec8mb8r. During the year there was 1 baptism. At the end of the year there were 169 members of the church and 75 Affiliales. AchSevements and Perforn?ance RLBC continued many of its programs and slarted new initk9tives lo wnpn)ve the prayer and evangelistic efforts which are at the core of our beliefs. The majority of groups and events Tr)w met in person on the church premises crf at members, Mes. The Sunday morning service continued to be streamed on Facebook whilst some meetings continued to be held on zoom for those unable to attend in p8rson. Our Senior Pa51or Rev John Smuts continued to lead the minBtry at RLBC. As Senior Pastor he Chaired many groups within the thurth ilUding the MissN)n Support Fund and ntInUed his role as a trustee of the Mison organisation Interserve. He left the chLrch at the end of December. Karen Sanders. our Children and Families Lead. ¢cM)tinu8d to oversee th8 work with children and families in the church and ¢ommunity and her MA sludies in Childrèn Youth MiSn at Cliff College, Derbyshire. During 2023 Karen oversaw th8 various ministries such as: Lighthouse. Sunday Club, Play and Pray, Toddlers club and The Holiday Bible Club. The Sunday Club continues to give financial support to a chikj called Miser from Indonesia. A Iwice yearly forum for parents. grandparents and others was held to Iix)k al how we can encourage our church children in their walk of faith. She continued to reaoh out to our local primary schools and the weekly assembly for years 2 and 3 was reestablithd in January. She continued her outreach to schools in wnjuncticfft with the charity re'.gen. Alan Neely, our Associate Pastor. has had the responsibility for the youth and young adutts who attend the church. During 2023 Alan was involved in various ministries such as Prayer Gatherings. Door-ttrdoor evangelism, the mnthly Youth GatherirvJ arKI Youlh and Children's Ministry Forum. Alan also lead a series of evening services Ii)oking at the wofld of work. leadership and nder as seen through scripture. Alan left the ¢hurch in Novembèr. Dgbie Sloute. the CAP Debt Centre Manag8r continu8d to support clnts vhK) were experiencing money and debt problem. She resigned in May. Sharon Jaques was interviewed and appointed as the new Debt Centre Manager. She took up her post in September and completed her training, organized by CAP, in December. Many of the clients of CAP took advantage of the RLBC Foodbank and Refresh Cafe and some attend the seNices on a Sunday as well as other activities at the church. RLBC continued a project in wnjunction with the Foodbank to establish a Community Krtchen whth seNes a hearty meal to community residents, free of any charges on the second Saturday each month at the church. The Tamil Fellowship held their annual Christrnas evenl whKh was enjoyed by everyone who attended. A group of singers were ae to sing carols outside Rayners Lane Slation and a Christmas outreach event look place in December focusin9 on crafts related to time of year. The Carols by Candlelight service took place as did the Night watch service which welcomès in the new year. The children of the Sunday Club pul on Nativty in church which was very well received. The church celelxated the coronation of King Charles *ryth invitations going out to the local community to join the congregation lo watch the ceremony on the big screen. to play games arKJ to do quizz6s and crafts. Refreshments w6r8 providéd. In July the church cèl8brated the fact that the senlor pastor had been in post
RAYNERS LANE BAPTIST CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 (cont#11) for ten years. There were training sessions on the Importan of Safeguarding. Level one involved the whole ¢ongr8gatlon. whilst Levels iwo and three were aimed at the appropriate members of the church who were involved with children and adults at risk. A IwdaY course including a lunth was held in April and May for new members who had been unable to meet in person because of restriciKJns. A Hope Explored was hèld in January al which there were eight attendees. RLBC continues to develop arKJ sustain an interest in both local and w(Id Mission by of the encouragement and support of members and frierKls in training for ministry and the ongoing support and pastoral care of both serving and retired missionaries. We supwt a missionary family in Australia and a placement of a student from the London School of Theo109y. We supported other Baptist Churches through gMrvJ to the Home Mission Fund and the BMS Worfd Mission and continued our support of Joseph ParKlian. of QLY members. who is a missionary to South Asians in Wesl London by the Londcrf) City Mission. We thank our ministry team. the leadership team. staff, volunteers. and the congregation. for their faithful, servanl hearted service. We also thank the thurch members and fellowship for their financial grfts and the lowng support they have given to the services of RLBC for the gh)ry of God. Flnanclal review Income for thè year was £257,646 (2022: £302,537). The main reason for the increase was from an increase in donations and offerings. Giving lo the General Fund increased in Ihe year arKI total G8n8rdl Fund income was £206.819 {2022: £189.3421. Expenditure for the year was £313.814 (2022: £303.172}. Th8 increase in expenditure was partly due to the refurbishment of the 137 Imperial Drive between tenancies and within the General Fund. noted below. Grants totalling £13,67412022: £8,000) were paid frn the Missv)n Support Furmj in 2023. There was also a transfer of £12,753 from the Mission Support Fu1 to support the CAP Debt Centre. General fund expenditure was £183.932 {2022: £167.425) ihis is mainly due to the impact of inflation on certain costs and also a mov8m8nt avrdy from fijnd transfers. Previously rtain types of expenditure such as fabric spend occurred within dèsignated furKts. but this is now within the gera1 fund expenditure. At the end of the year the reserves balance on the General FurKI was £90,184 (2022.. £71.683). Thè resèrves balancè will cover just overfour months of 2024 bLxlgeted expenditure. and therefore meets the four months of budg8t8d experKliture as set out in the reserves polKy. The Mission Support FuThJ has a balan at the end of the year of £68.330 (2022: £94.757). and grants are mad8 at18asl annually to UK andlor overseas mission projects. The church general fund continued to support UK and overseas mission through regular donations to Home Mission and BMS World Mission through the Christmas Offering. In addilion other organiSanS ser¥iThJ in the UK hav8 been supported and specifically the church has Committed to support one family in overseas mtssion. The annual Thank Offering raised £15.690 (2022: £15,380) and enabled grants to be made to missionaries and mission organisations. Grant making policy The Church seeks to glorify God in supporting Chrislian missionary activity in this country and overseas by prayer. practical help and financial givirwJ. We aim to b& a local thurch vnth a global vision.
RAYNERS LANE BAPTIST CHURCH REPORT OF THE TRUSTEES FOR ThE YEAR ENDED 31 DECEMBER 2023 (continwl) The Church supports a number of organisations and th8 extent of this support ¢an be seen in Note 6 lo the accounts. Re8•rv•8 policy It is policy to maintain unrestricted funds. which are free reserves of the Church. at a level which takes into account variable general gmng, future repair needs of the Church buildings and manses and the need lo support a team of staff. The Church seeks to mainlain reserves equival8nt lo four months budgeted expenditure. Inv08tment policy The Diaconate has powers to invest surplus funds al lis absolute discretion. Its rrent p)licy is to invest surplus funds in a Shavk)rook Bank deposit account. Structure. governan¢• and managomont The Church was created by a trust deed dated 27th February 1937 and is a t*arity registered in England and Wales, regislralion number 1129399. The Church a Public Benefit Entity. The principal address of the reporting entity is 139 Imperial Drive, Rayners Lane. Harrow HA2 7HW. The Custodian Trustees for its land and buildings are The London Bapti51 Property Board, Unil C2, 15 Cbck Street, London, England, E1 &JN. Church organlsatlon The Church Me8ting is scheduled to takè place five times per year and has responsibility for the over811 policy of the Church. Th8 day to day running of the Church's work and witness. and the financial and legal aspects of the Charity, are the responsibilty of the Diaconate. Under the Constitution ihis body consists of up to e1ve Deacons, together with the Minister. and Iwo 0rs. Church Secretary and Treasurer. all of whom are appointed by the Members. The electM)n of Officers and Deacons takes Fla at the AGM. and any vacancies may be filled at any Church Meèting where appropriate r#)ti¢e has been given for nomination aThJ election. Officers and Deacons arè appointed from the membership. Nominatirxts for each post are made in writing with the supporting signature of two other Church Members and the nsent of ttle candidate. Deacons are appointed for a term of thrèe years and then must seek re-election. OtrKers are appointed for one year and may be re-appointed in subsequent years. The Church seeks lo appoint a Diaconate with a variety of grfts and skills so that individual Deacons may have responsitxlty for a SpeCrf area of ministry. The Church sé6ks to appoint a Oiaconate that represents the age and cultural diverw of the churth. All Members ar8 encouraged to take an appropriate part in the spiritual and pra¢tie21 tasks involved in the furtherance of the charitable objective. Relevant matters may be submitted to th8 Church Me8tirKJ by the Diaconate for guidanc8 and approval, or may be raised by Members in the Church Meeting for further consideration by the Diaconale. Though the Constitution pemiits decisions to be made at Church Meetings by appropriate majorities. Ihe Church seeks lo work by consensus wherever possible. Rlsk assessment The Diaconale continues to review the major strategic. financial and operational risks faced by the Church and ¢onsiders that systems have been established to monitor them so that Ihe necessary steps can b8 laken to mitigate them.
RAYNERS LANE BAPTISTCHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 ((X)nlin) Statement of trustees. responslblllties The trustees are responsible for preparing the TNstees' Report and the financial statements in accordance with applicable law and United Kingdom Accounling Standards (United Kingdom Generally Accepted Accounting PTrdice). The law applicable to charities in England and Wales requires the twstees to prepare financial statements foreach financtal y8arwhich give atrue and fairview of the state of affairs of the Church and of the incL)ming resources and application of SoUrceS of the Church for Ihat year. In preparing Ihese financial statements, the trustees are required lo: - select suitable accounting polici8$ and then apply them siSten. - ObSee the methods and principles in the Charitses SORP: - make judgements and estimates that are aSOnale and wudent,. - state whether applicable accounting standards have been fdlowed, subject to any material departures disclosed and explained in the finanaal statements., and - preparè the financial stateEnts on the ng conrn basis unless it is inapprowe to presunE that the charity will continue in operation. The trustees are responsible for keeping sufficient accounting records that disdose with reasonable accuracy at any time the financial position of the Church arKJ enable them to ensure that the financial statements cornply with the Charities Ad 2011, the Charity (Accounts and ReFK)rts) Regulations 2008 and the prowsions of the trust deed. They a also Tesp0nSTrt for safeguarding the assets of the Church and henLE for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees, report was approved by the Board of Tnth. J Francis S Barker MrJ Francls S6cr•tary S Ba•r Trwsurnr Date.. 10 June 2024
REPORT OF THE INDEPENDENT EXAMINER TO THE DIACONATE OF RAYNERS LANE BAPTIST CHURCH I report to the Irustees on my examination of the financial statements of Rayners Lane 8aptist Church (the Church) for the year ended 31 D8cemb8r 2023. R•sponslbilitles and basls of report As the charity truslees of the Church you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act). I report in respect of my examination of the Church's financial stalements Carried out under s8ctlon 145 of the 2011 Act. In carrwng out my examination I have followed all the applicat4e DIrecn$ given by the Charity Commission under section 145{5)(b) of the 2011 Acl. Indopènd•nt oxaminerf8 Statomont Your attention is drawn to the fact that the tharity has prepared finanual siatem8nts in accordance with Accounting and Reporting by Charities preparirvJ their a¢Gounls in a¢¢ordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference lo the A¢¢ounting and Reporting by Charities: Statement ol Recommended Pra1 issued on 1 April 2005 which is referred to in thé extant regulations but has rKw been wiihdrdwn. l understand ihat this has been done in order for financial statements to provide a true and fair view in accordance with Generally A¢¢epted Ac¢ountlng Pracllc8 8ffecttv8 for rertir peri(>Js beginning on or after 1 January 2015. I have completed my examination. I confirm Ihat no matters have come lo my attention in connection with the examination giving me cause to believe that in any material respeci: 1. accounting records were not kept in respect of the Church as required by séction 130 of th8 2011 Aci: or 2. the financial statements do not accwd with those records; ly 3. the financial stslements do not cc(nply th the applicable requiremerts concerning the ftym and content of accounts set out in the CharitEs {AGunts and Reports) Regulations 2008 oth8r than any requirement that the accounts give a true and fair view which is not a Matter considered as part of an indèpendent examination. I have no concems and have come ac¥oss no other matters in connection with the examination to which attention should be drawn in this report in ordw Io enable a proper understanding of the financial statements to be reached. Robert Moore FCA {Ir)Jependent Examirw) Brlght Grahame Murray Emperorfs Gate 114a Cromwell Road Kensington London SW7 4AG 20 Daled..
RAYNERS LANE BAPTIST CHURCH STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Income and Expendltyre funds 2022 Notes Income and endowments fr. Donations and legaoes Charitable activities Other trading actimties Other ino)me 199.631 3.946 15,975 30.906 234,483 15.975 277.570 21,135 7,188 7.188 3,832 Total Income 302 537 Expendlture on: Charitable activities." Ministry Costs Mission Costs Establishment costs 135,220 15,331 33.381 3.885 13.500 68.673 24.524 19.267 53 163.609 48,098 102,107 165.983 53.263 83,926 Totsl charltabl• exp•nd*ur• 183932 313814 303 172 Net incomellexponditure) before transfers 22,887 {66.117) (12,938) (56,168) {635) Gro88 transfor8 between funds (4,386) (7,641) 12.027 14115 Net movement In funds 18 911 635 Reconciliation of funds: Total funds brought flyward At 1 January 2023 71,683 1.701.083 12.1W 1.784.866 1,785.501 Total funds carrled forward At 31 December 2023 90.184 1.627.325 11,189 1,728,698 1,784,866 The sLgtement of financial &Xivities indudes all gains and losses recognised in the year. All income and expenditure derive from conlinuing activities. Details of prior perioj data can be fnd at note 21.
RAYNERS LANE BAFnsTCHURCH BALANCE SHEET AS AT 31 DECEMBER 2023 31.122023 31.12.2022 Flxed assèts Tangible fixed assets Totfixed assets 1492 577 1510481 Currnnt ass8ts Debtors Cash at bank and in haKI 21.316 228 965 250 81 14.414 12 Total current assets 307179 Llabllltles: Creditors: AmnIS falling due within one y {14.160) (32,794) 13 N8t cunt assets 236 121 274 385 Tolal assets less cuffent liabilltles 1.728.698 1.784,866 Income funds: Restricted funds Unrestri¢tgJ funds- Genefal Unrestricted funds. DesIg?ted 11.189 90,184 1,627.325 12,100 71,683 1,701.083 15 14 14 Total charlty fvn(ts 1,728,698 1.784066 The financial ststements were approved by the Twslees on 10 June 2024 S Barker Mrs S Barker Tnmtoe
RAYNERS LANE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2023 (c¥)ntinued) 1 ACCOUNTING POUCIES Charlty Infomiatlon Rayn8rs Lane Baptist Church is a registered charity (No. 1129399) established by a trust deed in England and Wales. The primary address is 139 Imperial Drive. Harrow. Middlesex. HA2 7HW. The Church is a Public Benefit Entity. 1.2 Accounting convention The finan(>al ststements have been prepared in accordan wtth the Church's constitution. the Charities Act 2011. FRS 102 -The Financial Reporting StarKlard applicable in the UK and Republic of Ireland" ("FRS 102.1 and the Charities SORP "Accounting and Reporting by Charities.. Ststement of Recommended Practice apICable to charities preparing their accounts in aGcordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The Church is a Public Benefit Entity as defined by FRS 102. The Church has taken advantsge of the FYovi5h)ns in the SORP for charities not to prepare a Statem8nl of Cash Flow5. The financial statements have departed from the Charities {Accounts and Reports) Regulations 2008 only to Ihe extent required to provide a true and fair vitrN. This departure has involved following the Staternent of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice vthich is referred to in the Regulations. but whi(* has since been withdravm. The financial statements are prepared in sterlin9, which is the functK)nal rrencY of the Churth. Monetary amounts in these finanrAal statements are rounded to the nearest £. The financial statements have been prepared under the historical cost cventIOn. [modified to indude the revaluation of freehdd propertEs and to inclLvJe investment properties and cèrtain financial instrumen1$ at fair value]. The principal aCUntirVj policies adopted arè set OLrt below. 1.2 Golng convjrn At the time of approving the financial statements. the trustees have a reasonable expectation that th8 Church has adequate resources lo continue in operatNJnal existence for the foreseeable future. Thus the trustees continue to adopt the going concem basis of accounting in prepariro the financial statements. 1.3 Charltable funds Unrestricted funds are available for use at the disuetion ol the trustees in furtherare of their charitsble objectives. General unrestricted funds represent donations and other irwme received or generated for the objects of the Church without further s[lfred purpose arml are available as general funds. Designated unrestricted funds are tse which have been allocated by the Thaconate for identifiable future expenditure. Restricted funds are to be used for specified purposes as laid down by the donor. Expenditure which meets appropriate criterp is identified to the relevant fund. 1.4 Income Voluntary income received by way of donations and gifts is induded in full in the Statement of Financial Activities when received, includiThJ gifts in kind that are capable of valuation. 10
RAYNERS LANE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 (Continued) 1 ACCOUNTING POUCIES (contlnued) Donalions under Gift Aid, together vrith the tax recoverab18 thereon. are accounted for when received. Provision is made for undaimed tax al the year-end. Pecuniary legacies are recognised as they are r1ved. Residuary legacies are recognised at th8 earfier of receipt or agreement of the estate accounts. 1.5 Exponditurn Expenditure is rewnised once there is a legal or constructive obligation to transfer economic benefit to a third paty, it is probaLle that a trartsfer of e¢rAMiC benefils will be required in settlement. and the amount of th8 obligation can be measured reliably. Expenditure is dassIfd by adivty. The costs of each activty are made up of the total of direct costs and shared sIs. including supwrt costs involved in undertaking eath aclivty. Direct costs attributable to a single activity are allocated (Jirectly to that activity. Shared costs which contribute to more than one activity and support costs which are nol attributsble to a siryle activity are apportioned baknn those activities on a basis consistent with the use of resources. Central staff costs are allocaled on the basis of tim8 spent, and depreciation charges are allocat8d on the portion of the asset's use. Resources expended a charged in the accounts in the period in which they are incurred. These are allocated to the following headings arKI inclL#Ye altributabk VAT which cannot be recovered: (i) Ministry costs are those relating lo direct wrposes of the thurth; {iil Mission: Grants are made to missionaries and other tharitable organisations. These are recognised as a liability when the Church is under an obluation to make payments. or when the grant is paid over whithver arises first: {iii> Establishment costs include all costs in support of the Church's main objectives.. and (iv) Govemance costs represent expenditure on Compliance with statutory and legal requirements. Ministry. establishment. govemance and other support costs are activities undertaken directly by the Church. Mission ¢osts are grant funded activities of the Church. Support costs are allocated by Ve1 of aciivity, and as the Church's prinGipal purpose is the advancement of the Christian faith. ministry is allocated 80% of the support costs. and mission and establishment 8a¢h being albcated 10% of support costs. IrrécoverabFe VAT is charged against Ihe expenditure heading forwhich it was incurred. 1.6 Tanglbl• flxed assots Tangible fixed assets are initially rneasured at Mst arKI subsequenty measured at cost or valuation. net of depreciats'on and any impairmenl lo&. Depreciation is recognised so as to wriie off thè a)st or valuation of assets less their residual values over their useful lives on the following bases: Fre8hokl buikjings Straight line 1)ver 10- 50 years Furniture and fittirvjs Straight line over 4 years Computers Straight lin8 over 4 years Freehold land is not depreciated. The gain or loss arising on the disrM)sal of an asset is determined as Ihe difference betsveen the sale proceeds and the carrying value of the asset, and is recognised in the siatèment of financial activities. 11
RAYNERS LANE 8APTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 (contWlU8d} 1.7 Cash and cash equfvalent8 Cash and cash equivalents include cash in hand. deF•ts held at call with banks. other short-tem liquid investments wtth original maturities of three monlhs or less. ar bank overdrafts. Ba{ overdrafts are shown within borrowings in current liabilities. 1.8 Flnanc5al Instruments The Church has elected to apply the provisions of secti 11 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues. of FRS 102 to all of its financial instruments. Financial inslruments are recognised in the Churth's balance sheet then the Church becomes party to the conlraclual FKovisions of the instrument. Financral assets and liabilities are offset. with the net amounts presented in the financial statements. when there is a legally enforceabte right to set off the rec4)gnised amounts and there is an intention to settle on a net ba&s or to realis8 tha asset and selue ts liability simultaneously. Bask flnanclal assets Basic financial assets, which include debtrffs and cash and bank balances. are initially measured at transaction price induding transaction costs and are subsequently Garried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. where the transaction is measured at the present value of the future receipts diSccnIed at a market rate of interest. Financial assets classified as receivable within on8 y8ar ar8 not amortised. Basle flnaneial llabilldos Basic financial liabilities. including creditors bank loans are inttially recognised al transaction price unless Ihe arrangement constitutes a financing transaction. where Ihe debt instrument is measuréd at the present value of the fuiure payments discounted at a market rate of interest. Financial liabilit18S dassified as payabte within one year are not amortised. Debt instruments are subsequently carried at amc¥li5ed cost, usirvJ Ihe effective interest rate method. Trad8 credltors are oblwJations to pay fcr goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilitEs rf payment is due within one year or less. If not. they are presented as rK>n-rrent liabilities. Trade creditors are recognised initially at transactM)n price and subsaqu8ntty rneasur at amortsed cost using the effective interest method. Derecognltlon of flnanclal Ilablllties Financial liabilities are derecognised when the Church's contractual obl+gations expire or are discharged or cancelled. 1.9 Employeo bon•fts The cost of any unused hdiday entitlement is recognised in the period in which the employee's services are received. Termination ben8frts are recognised immediately as an expense the Church is demonstrably commltted to teminate the employment of an employee or to wov¥Je termination benefits. 2 CRITICAL ACCOUNTING ESTIMATES In the application of the Church's arxountiry policAes. the truslees are required to make judgements, estimates and assumpticjns about the carryirvJ 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 consid8r8d to bé rélèvant. Actual results may differ from these 12
RAYNERS LANE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 (o)ntinued) estimates. The estimates and underlying assunytions are wiewed on an ongoing basis. Revisions to accounting estimales are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periCS where the revision affects both current and future periods. 3 CHARITABLE ACTIVITIES Note 22 General Deslgnated Restrtcted Total 2023 Total 2022 Charitable rental income Other income 15,975 15.975 21,100 135 21.235 15.975 15,975 4 OTHER TRADING ACTIVITIES Note 23 Gene Desknated Restrict•d TO 2023 Total 2022 Trading activity income 6 MINISTRY COSTS Not8 24 ActivlO8s undertaken dlrecty Gener* Dewied R•stri¢ted Total 2023 Total 2022 Staff costs 103.285 Visiting pre&hers' fees 611 Children and youth work resources Evangelism Training Subscriptions & donations CAP Debt Cerrtre Other 15.815 119,100 611 1,454 3,388 1,481 3.916 7,566 116,758 736 1.081 2,367 6,196 4,708 8,429 3,388 1.481 3,916 7.566 116568 149 151 Support costs (Note 8) Governance costs (Note 8) 16,953 659 271 17,889 15,130 13
RAYNERS LANE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 (continued) 6 MISSION COSTS Unrestricted Gonernl Designated Restrkted Total 2023 10.000 14.617 33.117 Grant fundlng of aclmtles Total institutional grants Grants to individuals 13,CK)O 13.500 19.267 45,767 Support costs (Note 8) Govemance costs (Note 8) 2.119 212 2,119 212 Note 25 rotai 2022 Grant fundlng of activiti08 Total 2023 AIM Intemational BMS Worfd Mission ECM ICMDA Interserve London Baptist (Home Mission) London City Mission Potters Village Regeneration Sth)ols Work SGM Lif8words SIM Intemati)nal Tearfund 1.108 1.175 2.487 2.158 5.619 6.875 3.720 4,063 2.225 937 3.768 1.927 1.931 Other instiiutional grants Total institutional grants Grants to Individ18 Support costs (Note 8) Governance costs (Note 8) 2.119 212 1.847 213 Grants lotalling £10,290 were made to Mr Matthew and Mrs Rachel McNulty to assist their trainirvJ ar¥J work. They are son and daughter-in-law of Mr lan McNulty (D8acon). An honorarium of £75 was given to Mr Matthew McNulty for preachiNJ at a service duriNJ ts year. Grants totalling £5.375 were made to London Cty MissTron to assist in funding th8 training and future work of Mr Joseph Pandian. husband of Mrs PS Mangayarkarasi (Deacon). An hoTh)rarium of £75 was given lo Mr Joseph Pandian for preaching at a s8rvic8 during th8 year. 14
RAYNERS LANE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 IcontiThA) 7 ESTABLISHMENT COSTS Nole 26 A¢thfiti•s urKlertaken dlrectly General Designated Restricted Total 2023 Total 2022 Light & heat Rent, council tax & vmter Insurancè Letting fees Deprecialion Repairs & maintenarKe Cleaning expenses Gardening Other 5,017 5.338 4.065 400 750 591 5,417 4,524 5,974 4,175 228 49,654 4.656 50,329 14.9 50.329 20,743 9.730 900 5.753 9.730 1,080 247 31.050 68.673 53 99,776 81.866 Support costs (Note 8) Governance costs (Note 8) 2.119 212 2,119 212 1,847 213 8 SUPPORT COSTS Note 27 2022 Supwt Govemanee costs 2023 Total Support Costs Staff costs Telephone & intemel Printing & ststionery Bank charges Sundry Office expenses Independent Examinerfs Fee Total 13.646 2.724 13.646 2.724 12.661 2.281 3,269 1.000 227 1.DlXI 227 167 15
RAYNERS LANE BAPTIST CHURCH NOTES TO THE FINANCIAL sTATEmEs FOR THE YEAR ENDED 31 DECEMBER 2023 (continued) Support ¢ost allocation Mlnlstry I8) Support costs Governance ¢osls 16.953 1,693 277 17,889 1.699 Mlsslon (10%) Support costs Governance costs 2,119 212 2.119 212 Establishment (10%) Admin and management costs Governan¢e cosls 2,119 212 2.119 212 Total 9 TRUSTEES Rev John Smuts acted as one of the ¢hurth's trustegs arKI was remunerated in his capaclty as Senior Pastor of the Church until his resignation 24 t)ecemb8r 2023. This amounted to £36,770 (2022: £36,675) together wilh £4.100 (2022.. £4.160) in respect of pension contributions. He was reimbursed £104 for expenses incurred in 2023 (2022: £130). Rev John Smuts and his family lived in housing provided for by the church. The Church paid pension contributions for its Minisler to the Baptist Pensw Scheme, which is not contracted out of the Stste Send pension. The scheme is a multi-employer schèm8 and it ts not possible to identify the assets and liabilities of the $dme vthich are attributable to the ChUh. In a¢dance with FRS102 therefore, the defined benefit element of the scheme is accounted for as a defined conlribution scherne. See further al note 19. Th8 Church also pays pension witr1bunS of 4% of gross salary to The People's Pension for all other employees. Total aggregate remuneration paid to key mana98m8nt personnel during the year was £98,255 (2022.. £98.325). The Church relies heavily on volunteers and it is imtM)ssible to quantify the financial value of their work. Volunteers help within children, youth, young adults and older people's groups as well as home groups. Cxher events organised by the Church are also wn by or supwrted by volunteèrs, and thè largesl event each year supported by volunteers is the Holiday Bible Club. Volunteers also help in the Sunday services and this includes music, sound and projector. stewarding arKI refreshments. No Trustee expenses were paid to any trustee duriry the year (2022: £Nil) or lo any person connected to them. other than as stated in note 6. No sums were reimbursed to the Trustees for thèir work as Trustees 12022: £Nil). 16
RAYNERS LANE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 {continued) 10 STAFF COSTS 2023 2022 Gross wages and salaries Social security Q)sts Ernployer's pension conlributicns Employer's deficit contribution to defined benefft pension schemes Cessation cost from Pension Scheme 118.326 5,262 8.209 117.834 4,532 8,301 2,895 The average monthly number of empbyees during th8 year was 5 (2022: 5). No employees (2022.. Nil} receNed emoluments in excths of £60.000 during the year. 11 TANGIBLE FIXED ASSETS Fixtures and Computers Total bw"Idings Equipment Cosl or valuatlon At 1 January 2023 Additions Disposals 2.426.329 28.600 (2,662) 2.452.267 124,558 2,270 (2.220) 124,608 24,922 1,554 11.449) 25.027 2.575,809 32,424 (6,331) 2.601.902 At 31 Decwnber 2023 D•prociati¢n and vnpalmwnts Al l January 2023 Depreciation charged in the year Depreciation on disposal At 31 Decwnber 2023 927.368 46,595 (2,662 971.301 118,199 19,760 1.065,327 50,329 (6.331 1.109,325 (2.2201 117.065 1,449 20.959 Net book value at 31 Decambor 2023 1.480.g66 7,543 1,492,577 Not book value at 31 December 2022 1.498,961 6,359 5,162 1,510,481 All of the fixed assets are used for dired charilable purtx)ses. Freehold land and buildings comprises the Churth premises. Marts8 at 1 VKxrage Way & Manse al 137 Imperial Drive. The gross book value of the Church premises and Manse at 1 Vicarag6 Way is based on an estimate by Ihe Diaconate on 1 January 1997. as increased by Ihe cx)st of subsequent building work and refurbishment. The Manse at 137 Imperial Drive is valued at cost. 17
RAYNERS LANE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 (continued} AS at 31 December 2023 the ¢051 and r*t iwk value were as follows: NBV Church Pr8mises: 1 Vicarage Way: 137 Imperial Drive: 1.780,899 247,227 928,811 202,768 2 426 329 The Charity Truste8s recognise thal the value of land and buildings may have changed during the year. Neverth81ess they consider that th8 total value of land and buiklings held by the Church is not less than the values included in the accounts. and tuse no disposals are planned in th8 foreseeable future, consider that a professional valuation would incLff slwificant costs which would be onerous compared with the additional benefit gained by the user of the accounts. 12 DEBTORS Amounts falling due within on• yw. 2022 Other debtors Prepayments and actrued ino)me 14.541 9.859 21.316 14.414 13 CREDITORS Amounts falllng dWIthIn ono y 2022 Other taxation and soci81 selwrity other Creditors Accruals and deferred income 1.729 4,453 598 14,160 32,794 18
RAYNERS LANE BApnsT CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 (C4)ntinu8d) 14 UNRESTRICTED FID Balance at I January 2023 Inc(vning Resourus Transfer8 Balan¢• at 31 December 2023 General Fund 71,883 206.819 {183.932) (4,386) 90.184 Designatéd fvnds.. Community Kitchen Fixed Asset Fund HND I&E Equipment Fund Fabric Fund Foodbank Legacy Fund Training Fund Mission Supp)rt Furm Tamil Fellowship 1.309 1.510,482 29.797 {W1) (50,329) {16,954) (1,247) 32,424 (18.870) (4,335) 9.837 1,492.577 9.948 15,975 10.165 382 20,002 {382) (12,Crf)O) (1,544) (12,753) {400) (7,641) 32.094 2.435 94.757 2.080 1,701.083 (86) {13.674) (2.465) (86.038) 68,330 3,161 1.627,325 19.921 Balance at i January 2022 Incoming ReSoUS Transfers Balance at 31 Resources Expand8d December 2022 General Fund 68.161 189.342 {167.425) (18,395) 71.683 Designated funds.. Community Kitchen Fixed Asset Fund HND I&E Equipment Fund Fabric Fi1 Foodbank IT Fund Legacy Fund Music Fund Training FLnd Manse ext {Lewis) Mission Support Fund Luncheon Club Tamil Fellowship Toddler Group (691) (49.654} (1.033) (1,707) (3,681) (189) 2,IXIO 4,788 1,309 1,510.482 29,797 5,582 10.165 382 1.555,347 9,830 4.740 2.130 21.(K)O 2.S49 11.717 692 (692) 44.094 2.309 5.529 1,033 114.925 1,114 {3TI) (6.396> (1.932) 3,302 {1.033) {12,168) (1,114) (400) 61 6,956 2.435 (8.000) 94.757 (1.828) {500) (74.056) 2.080 72 1.693.121 69.731 1,701,083
RAYNERS LANE BAPTIST CHURCH NOTES TO THE RNANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 (continued) The income funds of the charity include ihe above designated furKls which have been set aside out of Unrestrict funds by the trustees for specik pwposes. according to th8 fund d8SCriPtth. The Fixed Asset Fund represents the nel book value of all tangible fixed assets. The HND I&E Fund represents rentsl income reiVed from letting 137 Imperial Drive and expenditure on letting f88s, buildings insurance and repairs arKI ren8wals. The Mission Support Fund is used to supwt UK and overseas mission. A comrnittee has been set up to consider requests for grants and grants are made at least once a year. There were transfers totalling £12,753 from th8 Mtssion Support Fund to the CAP Debl Centre. The main purpose of the Legacy Furwj is to be spent on (Th off tyojects. which ov8rall support Rayners Lane Baptist Churth. 15 RESTRICTED FUNDS Balance at i Incoming Transfers Balance at 31 December 2023 CAP Debt Centre Fellowship Fund Spècific Donation Sunday Club Collections Thank Offering Sundry Missionaries 6.853 4,375 655 217 9.578 (23.608) (850) 154) (351) (15,340) 13.6411 {43,844 12.916 5,739 3.587 (601) 458 15.65YI 5.046 30.906 (350) 1.405 11,189 12,100 12,027 Balance at I Incuning January 2022 R•sources Expanded Transfw5 Bala0 at 31 CAP Debt Centre Acts435 Fellowship Fund Specific Donation Baptist Home Mission BMS World Mission Lily of the Valley Sunday Club Collections Thank Offering Sundry MissionaS 8.608 11,31XI 270 (24.430) (270) (2.597) (857) {7.550} (1.088) (603) (698) (12,715) (10,883) (61,691) 11.375 6.853 6,836 130 {2,488) 5,000 138 260 4.375 655 950 342 217 15.380 {2.664) (3121 11,439 2.189 18.219 44.133 12,100 The CAP Debt Centre Fund is used lo pay the salary of the Debt Centre Manager and other expenditure incurred in the running of the centre. From 1 July 2022 the church agreed to help fund the debt centre for Iwo years. at £17,000 per year. from the Mission Support Fund. At the end on 31 December 2023 there was £12.753 remaining.
RAYNERS LANE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 {c4)nlKILd) The Fellowship FuThJ is used for making paents to P8opI8 facing financial hardship. Payments are made solely al the discelion of the mintster. The Thank Offering represents monies collected on the Church anniversary. This is allocated to mission or Church activities according to Ihe donor's wsh. Other reslricled funds represent amounts collected in th8 year for specific missions. charitable work or individuals and paid thereto. 16 ANALYSIS OF NET ASSETS BETWEEN FUNDS Balance at 31 D•c•mber 2023 Tanglblo FlxedAssets Net CuThont ASSets/{a"I1tIes) Total Restricted funds Unrestricted funds.. Designated funds General fund 11,189 11,189 1.492.214 134,748 90,184 236.121 1.626,962 90,184 1.728,335 1.492,214 Balanco al 31 Decmnber 2022 Tanglble Net Curr•nt &WxedAssets Ass•ts/(LiabHltles) Total Restricted funds Unrestricled fund& Designated funds General ftfKI 12.100 12.100 1.510.481 190,602 71.683 274,385 1,701,083 71,683 1,784,866 1.510.481 17 OPERATING LEASE COMMrrMENTS At the reporting end date the Church had cutstaThJing commitments for future minimum ase payments under non-cancellable operating leases, whith full due as follows: Equlpmont 2023 2022 Leases which expire: Within one year Between Iwo to fNe years 1,797 207 1.522 21
RAYNERS LANE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 (continued) 18 OTHER COMMITMENTS Mlsslon Support Th8 Chur¢h is committed to supporting one missK)nary famity for ttr next year in the sum of £5.500 from the Gerra1 Fund. CAP Debt Contr• The Church is committed to making a payment of £61Kl a monlh to Christians Against Povety in Bradford. whilst running the CAP Debt Centre. 19 PENSIONS The Church ceased io be a participatirvJ ernployer the Baptist Pertsion Scheme (Ihe Scheme.). which is a separate legal entity administered by the Pension Trustee (Baptist Pension Trust Limited) on 24 December 2023. There were cessation costs of £1.OLKI paid in 2023. Th8 assets of the Scheme are held separately from those of the Emph)yer and ts other patsipatirKJ employers. 20 RELATED PARTY TRANSACTIONS The custodian Trustee of the Church is the Baptlsl Unm CryKation Limited which is charity number 249835. and which is ntrOlled by tTr Baptist Union Council. The church is also a member of th8 Baptist Union of Great Britain. and ihe London Bapth'st ASslatIon. The Church made a donation to the Baptist Union Home Mission Stheme as set out in Note 6. Revd John Smuts (Trustee) was a trustee of Intemational Service Fellowship Trust (Int8rs8rv81, an organisation previously supported by Rayners Lane Baptist Church (Note 6). The Church makes a monthty payment to Clwistians Against Povety (CAP> chaiity registrats'on number 1097217. for the supply of services for the ruming of the debt ¢entr8. The aggregate total of donations received from trustees arKI related parties is £37.143 (2022.. £42.856)
RAYNERS LANE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 {continued) In the followlng tables more Inforniatlon can be obtained on th• last year figures as shown the tsbles in the main body of the aCcnts. 21 STATEMENT OF FINANCIAL ACTIVITIES FOR YEAR ENDED 31 DECEMBER 2022 Income and Expendliure Further details General Designaled funds fvnds Income and endowments from: Donations and legaaes Charitable activitses Other trading activibes Oth8r income Totsl 185.510 48.(2 21.000 43.998 135 277.570 21,135 22 189 342 302 537 Expenditure on: Charitable actsvilies.. Ministry costs Mission costs Establishment o>sts Totsl 129.740 11.257 26,428 9,215 27.028 33.81 857 165,983 53,263 83,926 23 24 25 56,641 Net Incomel(expondltsrn) 21,917 {4.994) (17,558) {635) Transfers b•tween funqts (18,395) 6.956 11.439 Not movoment in funds 635 Reconciliation of funds: Totsl funds brought forward At 1 January 2022 68,161 1.699,121 18.219 1.785.501 Totsl funds carried foThvard At 31 December 2022 71,683 1,701,083 12,100 1.784.866 Movements on resereS and all recognised gair6 and losses are shown alxjve. 22 CHARITABLE ACTNMES FOR YEAR ENDED 31 DECEhlBER 2022 G•n•ral Deslgnalod Restri Total 2022 Charitable rental income Other income 21.000 21.000 135 21,135 135 135 21,000 23
RAYNERS LANE BAPTISTCHURCH NOTES TO THE FIlNcIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 (ntinued) 23 MINISTRY COSTS FOR YEAR ENDED 31 DECEMBER 2022 Actlvltles undortaken directly 101,221 736 1,081 2.367 15,537 116,758 736 1,081 2,367 6,196 4.708 8.429 Visiting preachers. fees Children and youth work r&8ources Evangdism Training Subscriptions & donations CAP Debt Centre Other 6.196 4.708 8,429 113,258 14,780 9,215 26.678 149,151 15.130 Support costs Govemance costs 24 MISSION COSTS FOR YEAR ENDED 31 DECEIABER 2022 Gmnt fundlng of activltl Total instiiutional grants Grants to individuals 4,697 4,500 9.197 1,847 213 11,257 3,000 5.200 8,200 27.018 6.788 33,8( 34,715 16,488 51,203 1.847 213 53,263 Support costs Governance costs 8.200 33,806 24
RAYNERS LANE BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 (continued) 25 ESTABLISHMENT COSTS FOR YEAR ENDED 31 DECEMBER 2022 Actfvttlos undertakon dlrectty General Designated Restr7¢t6d Total 2022 Light & heat Rent, council tax & w Insurance Letting fees Depreciation Repairs & renewals Cleaning expenses Gardening 4.524 5.974 3,792 4,524 5.974 4,175 228 49.654 228 49,654 1,080 857 24,%8 1,847 213 56,641 81.866 1.847 213 Support costs Govemance costs 26 SUPPORT COSTS FOR YEAR ENDED 31 DECEMBER 2022 costs costs Support Staff costs Telephone & intemet Printing & statior Bank charges Sundry Office expenses Independènt Examiner's Fee Total 12.661 2.281 3269 12.661 2.281 3,269 167 350 167