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2023-06-30-accounts

REGISTERED COMPANY NUMBER: 06210578 (England and Wales) REGISTERED CHARITY NUMBER: 1129771

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

RETFORD BAPTIST CHURCH

RETFORD BAPTIST CHURCH

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

Page
Report of the Trustees 1 to 8
Independent Examiner's Report 9
Statement of Financial Activities 10
Balance Sheet 11 to 12
Notes to the Financial Statements 13 to 22

RETFORD BAPTIST CHURCH (REGISTERED NUMBER: 06210578)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

It has been our aim to fulfil our Objectives and Activities and to be a positive Godly influence on those around us, and so reflect the life and love of Jesus Christ in all that we both are and do.

Throughout the year the church has continued to encourage those with whom we have contact to reflect the life and love of Jesus Christ through:

When planning our activities for the year the Directors have considered the commission's guidance on Public Benefit and complied with section 17 (5) of the 2011 Charities Act and, in particular, the specific guidance for charities on the advancement of religion.

Introduction

The year of 2022-3 has been one of significant movement forwards in some areas and the laying of foundations in others. It has been Pete Everitt’s first full year as the senior minister and we have begun to see the development of his strategy. This is evident though the deepening spirituality of worship and a preaching programme which has explored what it means to be part of the Well in Retford.

At the same time we have continued to face some challenges and these have placed some restrictions on how rapidly we can develop. Although the impact of Covid has faded in some respects, it has left an impact in others. Although numbers at Sunday morning services have recovered to something like the levels seen before Covid, the church finances have not done quite so well and have restrained us in areas such as when we can employ a youth worker to take care of our ‘next generation.’ Finances have also been placed under pressure by huge increases in the cost of energy following the outbreak of the war in Ukraine.

The church has seen many new faces over the year and at a rough estimate half those who are now attending were not part of us during the years before Covid. Many of these are younger people and we have also had regular attendance from Green Pastures students at the revived Mattersey complex. The challenge now is to fully integrate these new folk into the range of activities of the church including sharing in some of the functions, joining prayer meetings and belonging to Connect groups. That way we can fully integrate them into our Christian body.

We continue to ‘broadcast’ our Sunday morning services online and via YouTube and Sunday evening meetings have continued, often as prayer meetings in the Wellspring but also occasionally as a powerful worship evening led by our younger people.

Over this year we have held the following:

The Trustees and Vision Team have remained largely stable in their membership.

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RETFORD BAPTIST CHURCH (REGISTERED NUMBER: 06210578)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023

OBJECTIVES AND ACTIVITIES Significant Activities

Over the course of the year, we experienced steady growth in our Sunday attendance.

Throughout the year, we have delved into various teaching themes, including relational life, the Book of Jonah, Church Basics, Stories from Wells, the Book of Philippians, Kingdom life, and next level living. These teachings have aimed to enrich our understanding of our faith and guided us in applying spiritual principles to our daily lives.

The year started with a remarkable spiritual awakening as we experienced the powerful presence of God moving mightily through our services during January and February. With the sense that God was showering us in gentle rain.

Over Lent the church was encouraged to pray for the salvation of friends and family with a 40-day prayer guide. Many have continued to use the guide for prayer.

In October 2022, we had the privilege of hosting Phil Knox from the Evangelical Alliance, who shared a message of hope and discussed the work of the Evangelical Alliance.

In May 2023 we had Martin Young come and share with us on Pentecost Sunday which was a powerful time where we saw the Spirit of God to many things.

We introduced monthly Family Services on our family feast communion gatherings. These services provided opportunities for all ages to worship and learn together. This also helped in a season where there was a struggle in the volunteer base to run regular Children and youth groups on a Sunday. At the turn of the year, we saw a gradual increase in volunteers to lead and help with this area of ministry.

The year began with a community walk at Idle Valley on New Year's Day in place of our morning service. This led us to take the step to host a walk in place of our morning service whenever there is a 5th Sunday in the month. The aim of the walks is fostering fellowship and building community connections.

At Christmas we again supported the Samaritans Purse shoe box appeal and held a toy service to gather toys for the women’s refuge.

In June Christine Morris who serves as a missionary in India and is supported by RBC was back in the UK and reported back to the church on the work she is involved in.

Our Sunday Evening Prayer meetings consistently drew strong attendance, with 12-25 regular participants. The commitment to prayer reflects our dedication to seeking God's guidance and presence.

On the last Sunday evening of each month, we held prophetic nights of Worship to press into the presence of God and find deeper connection.

"Thirst," our Wednesday morning worship service, was initiated to offer an hour of worship, to soak, press in, and find spiritual refreshment during the week.

Thursday mornings have continued to provide a space for prayer for our church and community hosted on Zoom by Pastor Richard.

In Autumn 2022 Pastor Pete lead the newly formed Visible Discipleship Course, a comprehensive exploration of the building blocks of spiritual formation. This course laid a foundation for our spiritual growth. Seventy people attended the 5-week teaching.

Over the winter months in partnership with our sister charity Well Community Projects we ran a ‘warm space’ every Tuesday evening; this was a great time of fellowship building links with the community.

Our Midweek Connect Groups remained active. Several new groups began, providing additional opportunities for members to connect, share, and grow in their faith journey.

The Spirit Café has still not been restarted at this point in time but many of the team continue to serve this ministry online.

The church has continued to be a drop off and storage facility for items that have been gifted to support those in Ukraine.

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RETFORD BAPTIST CHURCH (REGISTERED NUMBER: 06210578)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023

OBJECTIVES AND ACTIVITIES

Regarding children’s and youth ministry, we are delighted that a team is now in place to cover Sunday mornings so that we have been able to provide regular sessions for 0-4s and 5-11s. More than twenty people have volunteered to help so that it has been possible to avoid overloading any individuals…although new volunteers are always welcome! The 0-4s age group have a safe space to play, a time to worship with age-appropriate songs and a Bible story/message. This has been developed over the last year to create a space of fellowship and support for the parents who attend with their children.

The 5-11 Sunday ministry continues to run every week with group leaders that the children have been able to get to know and build relationships with over the last year. Time has been invested into training leaders in how to use and make the most out of the Think Orange material. It is the aim to create more regular training sessions and team meetings next year to help support the leaders and helpers of all age groups.

The 11-18 age group has seen an increase in the numbers of leaders and helpers, this has allowed the church to be able to run a Sunday ministry group EVERY week which has been an answer to prayer. The Tuesday ‘YTH’ group has continued to run on a weekly basis.

ACHIEVEMENT AND PERFORMANCE

The local community

Our primary contact with the local community is through our sister organisation The Well Community Projects. The Well Community Projects is the way we show our love and support to the whole community of Retford and surrounding areas, through the provision of a variety of services. Though solely owned by The Well Retford Baptist Church, we operate it with its own board of trustees. Accordingly, The Well Community Projects produces its own annual report. Many of the items below are run through that route.

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RETFORD BAPTIST CHURCH (REGISTERED NUMBER: 06210578)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023

ACHIEVEMENT AND PERFORMANCE

Wider Influence

RBC continued to assist The Bridge Church, Sutton in Ashfield, with preachers. We also provide similar support to Bottesford Baptist Church in Scunthorpe and Epworth Baptist Church.

We continued to be involved with Ground Level Network and draw support and encouragement from them.

Our partnership with Harvest Alliance has lessened over this year as partnerships with other networks have emerged. The church has strengthened links with the Fresh Streams Network of which Pastor Peter Everitt serves on the national leadership team. We have hosted a few gatherings for Fresh Streams including hosting some of the core leaders in May.

As a Church we have continued in our partnership with the Further Faster Network and have been encouraged by the resources they offer including our Sunday Children’s and youth curriculum called ‘Think Orange’.

Pastor Peter Everitt also sits on the core team of Baptist Union Young Adults Round Table and leads a national Baptist Millennial Leaders gathering each month. He sits on the Evangelical Alliance Young Adults Think Tank and has been working to help facilitate links between Baptist Church mission projects in the UK and the Baptist Union of Victoria in Australia.

Pastor Richard Warren continues to act as the chair for Christians Together in Retford and has attended various official meetings within Bassetlaw. He also attended the Bassetlaw Church Forum with our local Member of Parliament.

We have continued to support the work of Christine Morris our missionary. She works in India improving the quality of care and education for children with special educational needs. Her aim is to resource and equip those involved in the education and care of children with Special Educational Needs.

The church also acts as host for the Christian heritage work of Pilgrims & Prophets, which is led by some church members.

Social Media

We have gradually become more organised regarding our social media over the year. We are aware of at least a couple of people who have looked at our ‘presence’ on this before coming along to a service and we trust that this will happen more often. It is also helpful for those who cannot always attend on a Sunday.

The main areas of activity are:

Page 4

RETFORD BAPTIST CHURCH (REGISTERED NUMBER: 06210578)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023

FINANCIAL REVIEW

Financial review

The total income for the year was £279,799 (2022 - £311,626) and the total expenditure for the year was £308,290 (2022 - £287,684) resulting in a deficit before gains of £28,491 (2022 - surplus £23,942).

This was a healthy year for the charity. Giving for the year was down on the previous year, but rentals were healthier.

Expenses have been higher during the year owing to the rise in energy costs.

The loan we had for the building of the church has depleted; the low rate of interest has helped in this area. The loan account, which could now be paid off as there are sufficient funds to do this, stood at £15,395 at the end of the financial year. This accounted for £18,270 being paid off during the year.

At the beginning of the year 2021-22 the debt was: £77,735 At the end of the year 2021-22 the debt was: £33,665 At the beginning of the year 2022-23 the debt was: £33,665 At the end of the year 2022-23 the debt was: £15,395

The Trustee agreed on a reserves policy, the balance of which is held in a separate account. This also includes money held in trust as well as reserves for the Church. The Trustees aim to ensure enough reserves are held to meet all liabilities in the event of closure of the Church.

PLANS FOR THE FUTURE

The plans for the future include the consolidation of the recent growth of the church. Preaching is intended to focus on developing an understanding of what it means to be part of the church as we begin to explore new thinking about 'membership' and 'partnership'. We aim to strengthen provision for children and young people.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The organisation is established as a company limited by guarantee and is governed by the Memorandum and Articles of Association.

Page 5

RETFORD BAPTIST CHURCH (REGISTERED NUMBER: 06210578)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governance and Management

In previous years the Trustees reported to the church that the Charity Commission had been notified that the funds known as the Mabel Merrills fund have been held in the church building accounts for a number of years and had not been used for the intended purpose. The Trustees have informed the Commission of a plan that once payment of the church mortgage has been completed the Mabel Merrill fund will be offered to another charity to be used for an appropriate purpose in line with the original intention.

During the year Moira Marshall, Chair of the Finance Committee, joined the Trustees' (16/5/2022). There were no other major changes to the trustees during the year although Andrew Pullin resigned in September 2023, after the end of the year; we are very grateful to Andy for his years of stalwart service. Following the last annual general meeting, the trustees re-appointed Adrian Gray to be the chair of trustees.

The process of amending the articles and memorandum of association so they more accurately reflect working practice has been paused during the year while Pete sets out some foundational teaching about belonging to the church. As Pete considers the best structure for moving forwards, there have been occasions when the trustees and the Vision Team have met together and this has been most welcome.

As a result, we still need to do some work on the precise definition of a ‘partner’ and the role of the meetings formerly known as ‘wider leadership team.’

Rotation of directors as recorded in minutes of AGMs for years covering;

AGM Resigned Appointed
2019 Andrew Richard Pullin
2020 Tom Edward Coulson
John Brewster John Brewster
2021 Adam Lloyd Clapperton Adam Lloyd Clapperton
Yvonne Evelyn Warren Yvonne Evelyn Warren
2022 Adrian Austen Gray Adrian Austen Gray
Andrew Richard Pullin Andrew Richard Pullin
Peter James Everitt
Moira Marshall
2023 Keith Dunkinson
Frank Woolrich Frank Woolrich

External Partner Organisations

Throughout the year the organisation worked in partnership with several local, regional and national/international organisations in pursuit of its objectives. These partner organisations were:

Retford and Bassetlaw

Bassetlaw Food Bank Churches Together in Retford The North Notts. Support Partnership Bassetlaw Financial Inclusion Forum Faith Action Retford The Bassetlaw Church in the Community Forum Bassetlaw District Council The Well Community Projects

In the region

East Midlands Baptist Associate Ground Level Network Alive Churches

National and internationally

The Baptist Union of Great Britain The Evangelical Alliance Harvest Alliance

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RETFORD BAPTIST CHURCH (REGISTERED NUMBER: 06210578)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT

Risk management

The Trustees/Directors have reviewed and continue to monitor the major risks to which the charitable company is exposed, and in particular to its operations and finances and are satisfied that systems are in place which are adequate and appropriate to the size of the charitable company and the nature of its operations.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

06210578 (England and Wales)

Registered Charity number

1129771

Registered office

The Well Hospital Road RETFORD DN227BD

Trustees

A. Clapperton Mrs. Y. Warren A. A. Gray A R Pullin (resigned 8.9.23) K Dunkinson (resigned 4.12.23) F. Woolrich Rev. P. J. Everitt Ms. M Marshall (resigned 29.1.24)

Company Secretary Mrs. Y. Warren

Independent Examiner

C. M. Tams F.C.A. 12 Abbey Road GRIMSBY DN32 0HL

Bankers

Yorkshire Bank plc Midlands Regional Office, Leeds Branch 26 Westgate Mansfield Nottinghamshire NG18 1HS

Solicitors

Ellis- Fermor & Negus 2 Devonshire Avenue Beeston Nottingham

Page 7

RETFORD BAPTIST CHURCH (REGISTERED NUMBER: 06210578)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023

REFERENCE AND ADMINISTRATIVE DETAILS Legal and Administrative Information

Retford Baptist Church is a Registered Charity (Reg No. 1129771) and a registered Company (Reg No. 6210578). The company was formed on 12th April 2007 and has taken on the operations of Retford Baptist Church from the previous trust (Richard Brownlow Trust for meeting house and preacher) from 1st May 2007.

The registered office and names and addresses of Advisers are set out above.

The Directors during the year under review were as noted above for the whole period.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Retford Baptist Church for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

.......................................................................... A. A. Gray - Trustee

Page 8

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RETFORD BAPTIST CHURCH (REGISTERED NUMBER: 06210578)

Independent examiner's report to the trustees of Retford Baptist Church ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2023.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

C. M. Tams F.C.A.

12 Abbey Road GRIMSBY DN32 0HL

Date: .............................................

Page 9

RETFORD BAPTIST CHURCH

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2023

----- Start of picture text -----
30.6.23 30.6.22
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 189,880 30,006 219,886 251,206
Charitable activities
-
Services provided 22,807 22,807 21,841
Other trading activities 3 31,749 - 31,749 17,591
Other income 5,357 - 5,357 20,988
Total 249,793 30,006 279,799 311,626
EXPENDITURE ON
Charitable activities
Local Ministry 272,673 20,291 292,964 273,958
-
Community Support 15,326 15,326 13,726
Total 287,999 20,291 308,290 287,684
-
Net gains on investments 1,500 1,500 16,000
NET INCOME/(EXPENDITURE) (36,706) 9,715 (26,991) 39,942
Transfers between funds 16 9,715 (9,715) - -
Net movement in funds (26,991) - (26,991) 39,942
RECONCILIATION OF FUNDS
Total funds brought forward 1,439,055 173,281 1,612,336 1,572,394
TOTAL FUNDS CARRIED FORWARD 1,412,064 173,281 1,585,345 1,612,336
----- End of picture text -----

The notes form part of these financial statements

Page 10

RETFORD BAPTIST CHURCH (REGISTERED NUMBER: 06210578)

BALANCE SHEET 30 JUNE 2023

----- Start of picture text -----
30.6.23 30.6.22
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 9 1,187,356 163,202 1,350,558 1,389,441
Investment property 10 161,500 - 161,500 160,000
1,348,856 163,202 1,512,058 1,549,441
CURRENT ASSETS
Debtors 11 15,867 - 15,867 13,864
Cash at bank and in hand 96,537 10,079 106,616 125,974
112,404 10,079 122,483 139,838
CREDITORS
Amounts falling due within one year 12 (49,196) - (49,196) (61,777)
NET CURRENT ASSETS 63,208 10,079 73,287 78,061
TOTAL ASSETS LESS CURRENT LIABILITIES 1,412,064 173,281 1,585,345 1,627,502
CREDITORS
Amounts falling due after more than one year 13 - - - (15,166)
NET ASSETS 1,412,064 173,281 1,585,345 1,612,336
FUNDS 16
Unrestricted funds 1,412,064 1,439,055
Restricted funds 173,281 173,281
TOTAL FUNDS 1,585,345 1,612,336
----- End of picture text -----

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

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RETFORD BAPTIST CHURCH (REGISTERED NUMBER: 06210578)

BALANCE SHEET - continued

30 JUNE 2023

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

.............................................

A. A. Gray - Trustee

The notes form part of these financial statements

Page 12

RETFORD BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets.

Incoming resources

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably. Where terms and conditions have not been met or uncertainty exists as to whether the charity can meet the terms or conditions otherwise within its control, the income is not recognised but deferred as a liability until it is probable that the terms or conditions imposed can be met. Deferred income is released to income in the reporting period in which the performance-related or other conditions that limit recognition are met.

Resource expended

Resources expended are recognised on an accruals basis in the period in which they arise. No on going liability for grants awarded is recognised with expenditure recognised in the period that the grant is made.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 33% Straight Line, 20% Straight Line, 10% Straight Line and 5% Straight Line Fixtures and fittings - 20% Straight Line and 10% Straight Line

Property -

Each major component of property assets are depreciated separately over their useful economic life as follows-

Heating
Kitchen		 -
-		 2.5% Straight Line
4% Straight Line
Toilets - 4% Straight Line
Alarm - 5% Straight Line
Lift - 2.5% Straight Line
Building - 2% Straight Line

Investments

Investment property is measured at cost and subsequently at fair value at each reporting period. No depreciation is provided on investment property.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

The charity has a number of restricted funds to account for situations where a donor requires that a donation must be spent on a particular purpose or where funds have been raised for a specific purpose.

All other funds are unrestricted. Where the Directors intend to use the unrestricted funds for a specific purpose they have set up a designated fund to reflect this.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

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RETFORD BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023

1. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. DONATIONS AND LEGACIES

Donations
Gift aid
Grants
3.
OTHER TRADING ACTIVITIES
Rental income
Catering income
4.
GRANTS PAYABLE
Local Ministry
Community Support
The total grants paid to institutions during the year was as follows:
CAP
Harvest Alliance
B U Home Mission
B.M.S
Well Community Projects
Ground Level
International Service
Bassetlaw Foodbank		 30.6.23
£
170,363
29,370
20,153
219,886
30.6.23
£
30,535
1,214
31,749
30.6.23
£
18,887
15,326
34,213
30.6.23
£
8,520
3,000
-
167
15,326
2,400
4,800
-
34,213		 30.6.22
£
206,254
35,345
9,607
251,206
30.6.22
£
17,325
266
17,591
30.6.22
£
20,373
13,726
34,099
30.6.22
£
8,880
1,500
650
3,225
13,726
1,200
4,800
118
34,099

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RETFORD BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023

5. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Independent examiners fee
Depreciation - owned assets		 30.6.23
30.6.22
£
£
2,700
2,400
43,756
44,837
6.
TRUSTEES' REMUNERATION AND BENEFITS
Trustees' salaries
Trustees' social security
Trustees' pension contributions to defined benefit schemes		 30.6.23
30.6.22
£
£
41,043
36,313
3,581
3,125
3,368
7,411
47,992
46,849

The charity's memorandum and articles of association allowing remuneration to be paid to trustees are approved by the Charity Commission.

All trustees' salaries, social security and pension contributions during the year relate to the senior minister Rev. P. Everitt, who is also considered to be the paid key management of the charity. Trustees' remuneration during the year ended 30 June 2022 was paid to the senior ministers Rev. J. Brewster and Rev. P. Everitt.

Trustees' expenses

During the year ended 30 June 2022 the charity paid £1,320 for the removal costs of the new minister Rev. P. Everitt.

There were no other trustee expenses paid for the year ended 30 June 2023 nor for the year ended 30 June 2022.

7. STAFF COSTS

The average monthly number of employees during the year was as follows:

Direct charitable
Management and Admin		 30.6.23
30.6.22
3
3
4
4
7
7

No employees received emoluments in excess of £60,000.

Two members of staff are part of a defined benefit pension administered by the Baptist Union. Total contributions made by the Church were £3,368 (2022- £7,411).

Page 15

RETFORD BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023

----- Start of picture text -----
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
£ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 201,074 50,132 251,206
Charitable activities
-
Services provided 21,841 21,841
-
Other trading activities 17,591 17,591
Other income 20,988 - 20,988
Total 261,494 50,132 311,626
EXPENDITURE ON
Charitable activities
Local Ministry 257,382 16,576 273,958
-
Community Support 13,726 13,726
Total 271,108 16,576 287,684
-
Net gains on investments 16,000 16,000
NET INCOME 6,386 33,556 39,942
Transfers between funds 33,556 (33,556) -
Net movement in funds 39,942 - 39,942
RECONCILIATION OF FUNDS
Total funds brought forward 1,399,113 173,281 1,572,394
TOTAL FUNDS CARRIED FORWARD 1,439,055 173,281 1,612,336
----- End of picture text -----

Page 16

RETFORD BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023

9. TANGIBLE FIXED ASSETS

Fixtures
Freehold
Plant and
and
property
machinery
fittings
£
£
£
COST
At 1 July 2022
1,916,430
100,660
45,912
Additions
-
4,191
682
At 30 June 2023
1,916,430
104,851
46,594
DEPRECIATION
At 1 July 2022
533,601
94,234
45,726
Charge for year
39,508
3,729
519
At 30 June 2023
573,109
97,963
46,245
NET BOOK VALUE
At 30 June 2023
1,343,321
6,888
349
At 30 June 2022
1,382,829
6,426
186
10.
INVESTMENT PROPERTY
FAIR VALUE
At 1 July 2022
Revaluation
At 30 June 2023
NET BOOK VALUE
At 30 June 2023
At 30 June 2022
The property at 1A Limetree Avenue was initially purchased for £78,282.
Fair value at 30 June 2023 is represented by:
Valuation in 2023
The investment property was valued by the trustees during the year ended 30 June 2023.
11.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23
£
Trade debtors
3,884
Other debtors
3,859
Well Communty Project
5,491
Tax
2,633
15,867		 Totals
£
2,063,002
4,873
2,067,875
673,561
43,756
717,317
1,350,558
1,389,441
£
160,000
1,500
161,500
161,500
160,000
£
161,500
30.6.22
£
1,363
4,347
6,327
1,827
13,864

Page 17

RETFORD BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

12.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 14)
Social security and other taxes
Accruals and deferred income		 30.6.23
30.6.22
£
£
15,396
18,500
2,350
2,193
31,450
41,084
49,196
61,777
13.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Bank loans (see note 14)		 30.6.23
30.6.22
£
£
-
15,166
14.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank loans		 30.6.23
30.6.22
£
£
15,396
18,500
Amounts falling between one and two years:
Bank loans - 1-2 years		 -
15,166
15.
SECURED DEBTS
The following secured debts are included within creditors:
Bank loans		 30.6.23
30.6.22
£
£
15,396
33,666

There is a legal charge imposed by Big Lottery Fund on the freehold property known as land and builidngs at Hospital Road Retford, Nottinghamshire DN22 7BD and registered at HM Land Registry under title number NT443103. The amount secured is £500,000.

There is a legal charge imposed by Coalfields Regeneration Trust on the Well Retford Baptist Church, Hospital Road Retford, Nottinghamshire DN22 7BD.The amount secured is £150,000.

There is a legal charge imposed by Clydesdale Bank PLC by way of a mortgage over the property situated at the property Hospital Road, Retford, Nottinghamshire DN22 7BD and by way of a fixed and floating charge over all the other assets of the company.

Page 18

RETFORD BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023

16. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
Building fund
Mabel Merrills
Other restricted
TOTAL FUNDS
Net movement in funds, included in the above are
Unrestricted funds
General fund
Restricted funds
Building fund
Other restricted
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Building fund
Mabel Merrills
TOTAL FUNDS		 At 1.7.22
£
1,439,055
-
173,281
-
173,281
1,612,336
as follows:
Incoming
resources
£
249,793
7,215
22,791
30,006
279,799
At 1.7.21
£
1,399,113
-
173,281
173,281
1,572,394		 Net
movement
in funds
£
(36,706)
7,215
-
2,500
9,715
(26,991)
Resources
expended
£
(287,999)
-
(20,291)
(20,291)
(308,290)
Net
movement
in funds
£
6,386
33,556
-
33,556
39,942		 Transfers
between
funds
£
9,715
(7,215)
-
(2,500)
(9,715)
-
Gains and
losses
£
1,500
-
-
-
1,500
Transfers
between
funds
£
33,556
(33,556)
-
(33,556)
-		 At
30.6.23
£
1,412,064
-
173,281
-
173,281
1,585,345
Movement
in funds
£
(36,706)
7,215
2,500
9,715
(26,991)
At
30.6.22
£
1,439,055
-
173,281
173,281
1,612,336

Page 19

RETFORD BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023

16. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Building fund
Missions
Other restricted
TOTAL FUNDS		 Incoming
resources
£
261,494
33,556
12
16,564
50,132
311,626		 Resources
expended
£
(271,108)
-
(12)
(16,564)
(16,576)
(287,684)		 Gains and
Movement
losses
in funds
£
£
16,000
6,386
-
33,556
-
-
-
-
-
33,556
16,000
39,942

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
Building fund
Mabel Merrills
Other restricted
TOTAL FUNDS		 At 1.7.21
£
1,399,113
-
173,281
-
173,281
1,572,394		 Net
movement
in funds
£
(30,320)
40,771
-
2,500
43,271
12,951		 Transfers
between
funds
£
43,271
(40,771)
-
(2,500)
(43,271)
-		 At
30.6.23
£
1,412,064
-
173,281
-
173,281
1,585,345

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Building fund
Missions
Other restricted
TOTAL FUNDS		 Incoming
resources
£
511,287
40,771
12
39,355
80,138
591,425		 Resources
expended
£
(559,107)
-
(12)
(36,855)
(36,867)
(595,974)		 Gains and
Movement
losses
in funds
£
£
17,500
(30,320)
-
40,771
-
-
-
2,500
-
43,271
17,500
12,951

Mabel Merrills

The Mabel Merrills fund is to be donated to a suitable charity providing care for elderly people.

Page 20

RETFORD BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023

16. MOVEMENT IN FUNDS - continued

Missions Fund

Missions fund is donations received to be paid out in grants/ donations to assist mission trips.

Building Fund

Donations received into the building fund are to support the finance costs of the building.

Other Restricted

Other restricted funds include amounts received from CAP and Groundwork for wages, and donations received for Ukraine and for a retirement gift for the retiring minister and his wife and a leaving gift for the assistant minister.

Transfers between funds

Transfers into the general fund of £7,215 (2022: £33,556) are for finance repayments. As finance repayments are made the building fund money is no longer restricted and is transferred into the general fund.

Transfers into the general fund of £2,500 (2022: £Nil) are in relation to assets that have been purchased from restricted income where the restrictions have been met.

17.

EMPLOYEE BENEFIT OBLIGATIONS

One member of staff is currently a part of the Baptist Union Ministers Pension fund, and one member of staff who ceased to be employed by the charity during the year was also a part of the Baptist Union Ministers Pension fund. This is a defined benefit scheme operated by the Baptist Union. The assets of the scheme are held separately from those of the company in an independently administered fund.

The charity makes contributions into a defined contribution scheme for its employees. The amount charged to the Statement Of Financial Activities during the year was £768 (2022- £1,832). There were no pension amounts outstanding at the 30th June, 2023.

18. RELATED PARTY DISCLOSURES

Transactions and balances with related parties were as follows:

Transactions and balances with related parties were as follows:
£ £
Amount due/(owed)
Transaction Value at 30 June 2023
Donations to The Well Community Projects 15,326
Wages, social security and pension costs charged to The Well
Community Projects 19,959
Utility recharges to Well Community Projects 5,357
Amounts due from Well Community Projects 5,491
Wages, social security and pension costs paid on behalf of R.
Warren 30,538

Total donations from Trustees and spouses during the year amounted £30,013 (2022 - £48,999).

Page 21

RETFORD BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023

19. INVESTMENTS IN SUBSIDIARIES

The church is the sole guarantor for The Well Community Projects, a company limited by guarantee (Reg no. 5861418) and a registered charity (Reg No. 1116491) which undertakes the delivery of a variety of community services.

Page 22