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← Retford Baptist Church

2024-06-30-accounts

Registered Charity no. 1129771 Registered Company no. 06210578

Retford Baptist Church (Company Limited by Guarantee)

Trustees Annual Report and Accounts

Year Ended 30th June 2024

Retford Baptist Church

Year Ended 30th June 2024

Contents Page

Page
Legal and Administrative Information 1
Trustee's Annual Report 2
Independent Examiners Report 10
Statement of Financial Activities and Income 11
and Expenditure Account
Statement of Financial Position 12
Notes to the Financial Statements 13

Retford Baptist Church

Year Ended 30th June 2024

Legal and Administrative Information

Reference

The Charity is called “Retford Baptist Church” and is registered with the Charity Commission for England and Wales as an Incorporated Association limited by guarantee. The charity is often referred to as "The Well Retford". 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.

Registered Charity Number 1129771 Registered Company Number 06210578 Registered Office The Well Hospital Road Retford DN22 7BD The Trustees and Directors A. Clapperton Resigned October 2024 Y. Warren A. A. Gray F. Woolrich Rev. P. J. Everitt A. M. Armstrong Appointed March 2025 A Udeze Appointed June 2024 M Marshall Resigned January 2024 Company Secretary and Chief Y. Warren Operational Officer Primary Bankers Virgin Money UK plc Midlands Regional Office 26 Westgate Mansfield Nottinghamshire NG18 1HS Independent Examiner Nigel Wyatt BSC FCA Wyatt & Co Chartered Accountants 125 Main Street Garforth Leeds LS25 1AF

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Retford Baptist Church

Year Ended 30th June 2024

Trustees’ Annual Report

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 2024. 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 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 church has moved ahead in 2023-4 following the period of foundational work after the change in senior leadership. There has been a significant turnover of people with many new faces so that we are a younger and more diverse body of Christ than we were in the days before Covid.

The church has continued to benefit from high quality worship and preaching at the same time as we have been trying to make improvements in how the facilities are run so that we can be more effective in the long term. There has been much new building in Retford so, as the town grows, we seek to be in a position to support new arrivals in our area.

To an extent this has been a year of moving ‘pieces into places’ as we have made changes in personnel regarding youth and children’s work, Christians against Poverty, and building management. The benefits of these changes will emerge in the months to come.

At the same time, work has been done to develop new concepts about what used to be called ‘membership’ and which we now refer to as ‘partnership’. As we grow, it is essential that we consider how we can all work together for mutual benefit and so issues such as what does partnership mean, and how we can promote fellowship between all our people, come to the fore.

Over this year we have held the following:

There have been some minor changes to the Trustees during the year and Moira Marshall stepped down from her role; we are very grateful to her for what she has done to help reorganise the finances especially.[1] The trustees and Vision Team invited Amanda Udeze to join the trustees in Moira’s place.

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Retford Baptist Church

Year Ended 30th June 2024

Trustees’ Annual Report

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: the series ‘When you give/pray/fast’ looked at key spiritual practices: ‘Summer play list’ looked at some key psalms; ‘Momentum’ was a series going through the first half of the book of Acts; ‘Miracle Grow’ expressed how partnership at The Well is first and for most a commitment to spiritual growth as church family; and we also had a series on different aspects of understanding how faith works.

Over Lent the church was encouraged to share in a 40-day prayer challenge to listen to God for 5 minutes every day. A prayer guide was produced to help everyone think about how they hear from God and to record what they hear. Everyone was invited to share their reflections by posting them in the prayer post box. At the end of Lent we opened the box and had time for the church to reflect on what was said and to identify common themes that the church Vision Team has then used as guidance for moving forward.

Off the back of our teaching series ‘Miracle Grow’ that outlined what Partnership would look like at The Well moving forward, we had our first ‘Partners Sunday’ with lunch where we invited those who felt committed and part of the The Well to commit to our seven ways to partner and covenant together. This was marked by making a covenant together, signing jigsaw pieces and a shared lunch after the service.

Covenant Partnership requires a commitment to regularly engaging in five of the seven ways to partner in the last five weeks, and for leaders to engage in all seven.

The ‘7 Ways to Partner’ at the Well:

Worship Together

Gathering together to worship Jesus

Exercise Giftings

Sharing my time and talents with the community

Life in Community

Sharing life with others beyond worship gatherings, knowing others and being known,

Living out Jesus

Living in a way that reflects Jesus in words & actions

Invest Generously

Financially sowing into the church with tithes and offerings

Engage in Growth

Be intentional in our spiritual formation

Seeking God's heart Seeking God’s blessing, vision and mission for yourself, the church, and the community

We had some staffing changes in September with the retirement of our building manger, and we appointed 2 part time members of staff in the interim whilst we looked to make a permanent replacement. The final appointment was delayed when a successful candidate withdrew at the last moment so had not been completed by the end of the reporting year (although this has now been resolved).

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Retford Baptist Church

Year Ended 30th June 2024

Trustees’ Annual Report

In September we hosted the Light College for one of their teaching blocks and were delighted to have Glyn Jones preach on the Sunday morning a message of hope from his own testimony sharing the Gospel and Acts 4.

In October we took a step of faith and appointed Amy McCallum part time as our Next Generation leader, and we have seen a strong team of volunteers helping to run our Sunday morning children and youth ministry. Amy’s appointment has been generously supported by individuals within the church.

We ran Prayer Ministry Training and have developed a prayer ministry team with monthly refresh night.

At Christmas we again supported the Samaritan’s Purse shoe box appeal and held a toy service to gather toys for the women’s refuge. Numbers sent in 2023 were 717, slightly down on 778 the year before.

We held our Carol service which saw good numbers from the community. We had a fun all age quiz on the Sunday before Christmas.

The year began with a community walk at Idle Valley on New Year's Day and have continued to have walks on 5th Sunday in the month instead of our morning service; the aim of the walks is fostering fellowship and building community connections as well as building in missional opportunities throughout the year.

In the Spring Pastor Richard led a successful Alpha course with a great team behind it seeing 15 regular guests. This led on to a follow up course using Andrew Ollerton’s Romans Course that saw 30 or so people attending each week.

The youth also run and Alpha course on Tuesdays nights in the spring.

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 Worship nights to press into the presence of God and find deeper connection.

"Thirst," our Wednesday morning worship service, continued 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.

Our Midweek Connect Groups remained active. Some new groups began, providing additional opportunities for members to connect, share, and grow in their faith journey in line with the church’s vision for partnership. However, an ongoing challenge is to find homes that can act as a ‘host’ for more groups to meet. There is also the Manpower group on a Saturday morning which has about ten attendees.

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

We continue to support Christine Morris who serves as a missionary in India in partnership with Interserve.

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Retford Baptist Church

Year Ended 30th June 2024

Trustees’ Annual Report

We are so blessed by the continuing time and commitment so many people pour into the church to make incredible things happen each week, so a big thank you to:

Stewarding Team Tech team Reception Children’s team Youth team Catering Building Team Connect group leaders Worship team Prayer Team CAP support workers Alpha Team Preaching team

And all the individual actions of service and kindness that people have done - those noticed and those which take place quietly in the background.

Achievements and Performance

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.

We continue to run a Christians Against Poverty (CAP) Debt Counselling Centre , supporting local people through debt problems in partnership with CAP. Bassetlaw District Council (BDC) contribute towards the running costs of our Centre under a Service Level Agreement and we are most grateful to the Council for their financial support. In addition to delivering a debt counselling service, we aim to provide holistic support for our clients; so, we have supported our clients with various food shops, the purchase of school uniforms, Christmas hampers, gas and electric top-ups, and secured emergency client funding through the charity Acts435. Thomas Fritchley played a key role in the national CAP Christmas fundraising campaign which raised over £700,000. He has met with the local Job Centre and has been seeking to publicise the service.

At the end of March 2024, Joanne Bond, our CAP Centre Manager, retired after 19 years in the position. We are so grateful for her faithful service over a long period. In March, Thomas Fritchley's contract was renewed for a further year and he is now the Centre's sole Debt Coach. We had intended to expand the capacity of our CAP Centre from 4 new clients per month to 7. We secured external funding for this expansion in the expectation that Joanne and Thomas would both be available to deliver debt counselling. Following the retirement of Joanne, our expansion plans have been put on hold, pending the appointment of a part time trainee Debt Coach and a part time Service Team Leader.

We participate in the Bassetlaw Financial Inclusion Forum which is organised by Bassetlaw District Council. It is an opportunity to build relationships with other organisations serving our community and to share information. The main focus of discussions and action this year has been around the challenges of the cost of living.

We have also attended meetings organised by BCVS and BDC to discuss the local response for helping and supporting Ukrainians who have come to Bassetlaw as a result of the conflict in their country. We have been providing storage facilities at The Well for items donated to Ukraine.

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Retford Baptist Church

Year Ended 30th June 2024

Trustees’ Annual Report

Baby Kingfishers : This group for mums, dads, grand parents, toddlers and babes runs on a Tuesday. We run three groups each Tuesday. The first group caters for 0-11 month olds and their adult and has averaged 30 on the register. The second group is for 1 and 2 year olds and their adult and has averaged 40 children on the register with a waiting list for part of the year. The third session caters for 0, 1 and 2 year olds and this group has fluctuated between 10 and 15 on the register.. At Christmas we were able to provide a party for 80 children and 120 adults with food and a gift for each child.

Operation Christmas Child : We sent 717 shoe boxes from Retford and neighbouring villages for further checking and distribution. Our shoe boxes were delivered to either Belarus or Central Asia.

Luncheon Club : · approximately 40 to 45 attend on a Monday and the Wednesdays still have a good attendance but fewer in number than on Mondays.

A Light Party was held in October 2023 and was very popular as over a hundred people joined us. This party was intended as an alternative to Hallowe’en activities. It was planned within 3 weeks and was held in all the rooms upstairs in the church. There were lots of volunteers.

Family Movie Night: · We have been showing family films at The Well. Organisationally this had gone well with plenty of volunteers for stewarding, tuck shop, opening up church and the showing of the film but attendance fluctuated.

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. Over the last four year, Gerard and Judy Pontier have been supporting a church plant in Thurcroft.

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

The church links with the Fresh Streams Network of which Pastor Peter Everitt serves on the national leadership team. Through this Pete is involved in the National Church planting network which spans all denominations, been part of the team to pioneer a national Baptist initiative called Everyone Everywhere encouraging church planting and evangelism.

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

In April Pastor Pete attended the Think Orange and Drive conference in Atlanta along with 20 other lead pastors from Further Faster.

Our partnership with Harvest Alliance has lessened over this year as partnerships with other networks have emerged.

Pastor Peter Everitt also sits on the core team of Baptist Union Young Adults Round Table and sits on the Evangelical Alliance Young Adults Think Tank. Pastor Pete also helps lead, leadership training huddles in partnership with 5Q ministries.

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.

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Retford Baptist Church

Year Ended 30th June 2024

Trustees’ Annual Report

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. One result of this has been a lunchtime meeting with a group of Baptists from America.

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:

YouTube: the number of subscribers has risen
2022 and 258 in October 2023.		 from 144 in August 2021 to 197 in November
August 2021 144
November 2022 197
October 2023 258
June 2024 298

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Retford Baptist Church

Year Ended 30th June 2024

Trustees’ Annual Report

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.

Financial review

The total income for the year was £327,909 (2023 - £315,424) and the total expenditure for the year was £315,080 (2023 - £308,290) resulting in a surplus before gains of £12,829 (2023 - surplus £8,634).

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 was paid off during the financial year with no balance outstanding carried forward.

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 Fresh Streams Leadership Network Further Faster Network

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Retford Baptist Church

Year Ended 30th June 2024

Trustees’ Annual Report

The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees' annual report was approved on and signed on behalf of the board of trustees by:

Trustee

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Retford Baptist Church

Year Ended 30th June 2024

Independent Examiners Report

I report to the trustees on my examination of the financial statements of Retford Baptist Church ('the charity') for the year ended 30 June 2024.

Responsibilities and Basis of Report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent Examiner's Statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.

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

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. the financial statements do not accord with those records; or

  3. the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.

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

Emphasis of Matter

I draw attention to the fact that, during the course of my examination, I was unable to obtain full supporting payroll documentation for the entire financial year. Historical payroll records were incomplete, which limited the scope of my usual verification procedures in relation to salary and wages expenditure. While alternative high-level analytical procedures and reconciliation checks were performed, I was unable to carry out the standard level of detailed testing against monthly payroll records and staff cost breakdowns. My opinion is not qualified in respect of this matter.

Nigel Wyatt BSC FCA Independent Examiner 125 Main Street Garforth Leeds, LS25 1AF

Date:

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Retford Baptist Church

Year Ended 30th June 2024

Statement of Financial Activities and Income and Expenditure Account

2024 2023
Unrestricted Restricted Total Total
Funds Funds Funds Funds
Note £ £ £ £
Income
Donations and legacies 218,767 56,872 275,639 255,511
Charitable activities 51,089 - 51,089 54,556
Other income 1,181 - 1,181 5,357
────────── ────────── ────────── ──────────
Total Income 2 271,037 56,872 327,909 315,424
────────── ────────── ────────── ──────────
Expenditure
Expenditure on charitable activities 3 283,386 31,694 315,080 308,290
────────── ────────── ────────── ──────────
Total Expenditure 283,386 31,694 315,080 308,290
────────── ────────── ────────── ──────────
────────── ────────── ────────── ──────────
Net Income / (Expenditure) (12,349) 25,178 12,829 7,134
────────── ────────── ────────── ──────────
Gain / (Loss) On Investment Property - - - 1,500
────────── ────────── ────────── ──────────
Net Income / (Expenditure) After
Investment Gains		 (12,349) 25,178 12,829 8,634
────────── ────────── ────────── ──────────
Net Income and Net Movement in Funds
Total funds brought forward 11 1,404,032 207,063 1,611,095 1,602,461
Transfers 11 - - - -
────────── ────────── ────────── ──────────
Total Funds Carried Forward 11 1,391,683 232,241 1,623,924 1,611,095
────────── ────────── ────────── ──────────

All income and expenditure derive from continuing activities.

The statement is a combined Statement of Financial Activities and Income and Expenditure Account for the purposes of meeting both companies act and charity SORP reporting requirements.

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Retford Baptist Church

Year Ended 30th June 2024

Statement of Financial Position

2024 2023
Note £ £
Fixed Assets
Tangible fixed assets 7 1,308,469 1,350,558
Investment property 8 161,500 161,500
────────── ──────────
1,469,969 1,512,058
Current Assets
Debtors 9 4,781 15,867
Cash at bank and in hand 159,773 106,593
────────── ──────────
164,554 122,460
Creditors: Amounts Falling Due Within One Year 10 10,599 23,423
────────── ──────────
Net Current Assets 153,955 99,037
────────── ──────────
Total Assets Less Current Liabilities 1,623,924 1,611,095
────────── ──────────
Net Assets 12 1,623,924 1,611,095
────────── ──────────
Funds of The Charity
Restricted funds 11 232,241 207,063
Unrestricted funds 11
General funds 1,354,683 1,404,032
Designated funds 37,000 -
────────── ──────────
Total Charity Funds 11 1,623,924 1,611,095
────────── ──────────

Directors Responsibilities

The Directors are satisfied that for the year ended on 30th June 2024 the charitable company was entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 and that no member or members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Act. However, In accordance with section 145 of the Charities Act 2011, the accounts have been examined by an Independent Examiner.

The Directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime and with FRS 102 (effective January 2019).

Name of director:

───────────────────────────────────────────────────

Signed on behalf of the directors:

───────────────────────────────────────────────────

Date of approval:

───────────────────────────────────────────────────

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Retford Baptist Church

Year Ended 30th June 2024

Notes to the Financial Statements

Basis of Preparation

Retford Baptist Church is a private company limited by guarantee registered in England. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity. The address of the registered office is given in the charity information. The nature of the charity’s operations and principal activities are to advance the Christian faith.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with:

Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019. The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), The Charities Act 2011, The Companies Act 2006 and UK Generally Accepted Accounting Practice.

The financial statements are prepared on a going concern basis under the historical cost convention. They are presented in pounds sterling, which is the functional currency of the charity, and rounded to the nearest pound.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Assessment of Going Concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure are sufficient with levels of reserves for the charity to be able to continue as a going concern.

Fund Accounting

Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion, have set aside resources for a specific purpose.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or the term of specific appeal, often know as a ‘special offering’ in the church.

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

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Retford Baptist Church

Year Ended 30th June 2024

Notes to the Financial Statements

Incoming Resources

All income is recognised once the charity has entitlement to that income, there is sufficient certainty of receipt, and it is probable that the income will be received, and the amount of income can be measured reliably.

Grants and Donations

Where donors specify that grants or donations must be used in a future accounting period, the income is deferred until those periods.

Where donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred until the period in which the preconditions are met.

Where donors specify that grants or donations are for a particular restricted purpose, which does not amount to pre-conditions regarding entitlement, the income is included in incoming reserves within restricted funds when received.

Resources expended

Resources expended are recognised in the Statement of Financial Activities on an accruals basis, inclusive of VAT. Individual costs are allocated between the various headings in the Statement of Financial Activities by reference to their underlying nature or the reason for which those costs were incurred, on an estimated percentage basis.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Creditors and Provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

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

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Retford Baptist Church

Year Ended 30th June 2024

Notes to the Financial Statements

Property

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

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

Investment Property

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

Pensions

Contributions, which are payable into the personal pension plans of individual members of staff, are charged to the Statement of Financial Activities in the period to which they relate. The charity operates a salary sacrifice scheme in respect of pension contributions.

Operating Leases

Rental charges payable under operating leases are charged on a straight line basis over the terms of the lease.

Taxation

The charity is exempt from tax on its charitable activities.

Legal Status of the Charity

The charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity.

Critical accounting estimates and judgements

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results.

There are no critical judgements, significant assumptions concerning the future and key sources of estimation of uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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Retford Baptist Church

Year Ended 30th June 2024

Notes to the Financial Statements

**2 ** Analysis of Income
Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Donations and Legacies
Donations 180,173 12,776 192,949
Gift aid 38,594 2,700 41,294
Grants - 41,396 41,396
────────── ────────── ──────────
218,767 56,872 275,639
Charitable Activities
Rental income 50,506 - 50,506
Event income 583 - 583
────────── ────────── ──────────
51,089 - 51,089
Investment Income
Other income 1,163 - 1,163
Bank interest 18 - 18
────────── ────────── ──────────
1,181 - 1,181
────────── ────────── ──────────
Total Income 271,037 56,872 327,909
────────── ────────── ──────────

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Retford Baptist Church

Year Ended 30th June 2024

Notes to the Financial Statements

**2 ** Analysis of Income(Continued)
Unrestricted Restricted Total Funds
Funds Funds 2023
£ £ £
Donations and Legacies
Donations 170,363 9,853 180,216
Gift aid 29,370 - 29,370
Grants 3,169 42,756 45,925
────────── ────────── ──────────
202,902 52,609 255,511
Charitable Activities
Rental income 53,342 - 53,342
Event income 1,214 - 1,214
────────── ────────── ──────────
54,556 - 54,556
Investment Income
Other income 5,357 - 5,357
Bank interest - - -
────────── ────────── ──────────
5,357 - 5,357
────────── ────────── ──────────
Total Income 262,815 52,609 315,424
────────── ────────── ──────────

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Retford Baptist Church

Year Ended 30th June 2024

Notes to the Financial Statements

3 Expenditure on Charitable Activities by Fund Type

Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Staff costs 139,678 17,359 157,037
Administration 10,961 1,086 12,047
Premises and building 91,976 9,636 101,612
Church activities and ministry 6,645 2,330 8,975
Event costs 5,553 - 5,553
Finance and legal costs 12,149 - 12,149
Gifts and donations 12,754 1,283 14,037
Pastoral & discipleship 1,387 - 1,387
Other expenditure 164 - 164
Training and development 2,119 - 2,119
────────── ────────── ──────────
283,386 31,694 315,080
────────── ────────── ──────────

In the prior year accounts, charitable activities expenditure was not analysed in a way that aligned with the updated expenditure headings, and therefore no direct comparatives were presented.

For reference, the total charitable activities expenditure for the year ended 30 June 2023 was £308,290, comprising £287,999 of unrestricted expenditure and £20,291 of restricted expenditure.

Of this total, £34,213 related to gifts and donations made to external organisations.

4 Independent Examination Fees

Fees payable to the independent examiner for:

2024 2023 £ £ Independent Examiner's and other accountancy fees 2,280 2,640

18

Retford Baptist Church

Year Ended 30th June 2024

Notes to the Financial Statements

5 Staff Costs

The total staff costs and employee benefits for the reporting period are analysed as follows:

2024
£
Gross wages and salaries 157,037
──────────
157,037
──────────
The average headcount of employees during the year was as follows:
2024
Average headcount 10

One employee received benefits of more than £60,000 during the year (2023: 0).

Key Management Personnel

The charity considers its key management personnel to be the Trustees and Vision Team.

6 Trustee Remuneration and Expenses

During the year under review, expenses relating to travel, subsistence, church activities, and maintenance were reimbursed to four trustees, totalling £3,477.

The total aggregate donations received from trustees during the year amounted to £19,860.

The charity's Memorandum and Articles of Association, as approved by the Charity Commission, permit remuneration to be paid to trustees. During the year Rev. P. Everitt was employed by the Church in his capacity as pastor. He received remuneration for his pastoral role, not for the duty as trustee.

The total remuneration paid during the year was as follows:

Rev. P.
Everitt
£
Gross wages and salaries 40,702
──────────
40,702 
──────────

19

Retford Baptist Church

Year Ended 30th June 2024

Notes to the Financial Statements

7 Tangible Fixed Assets

Tangible Fixed Assets
Freehold
land and Fixtures and
buildings Equipment fittings Total
£ £ £ £
Cost
At 1 July 2023 1,916,430 104,851 46,594 2,067,875
Additions - - - -
Disposal - (96,965) (40,777) (137,742)
────────── ──────────
──────────		 ──────────
1,916,430 7,886 5,817 1,930,133
────────── ──────────
──────────		 ──────────
Depreciation
At 1 July 2023 573,109 97,963 46,245 717,317
Charge for this year 39,509 1,588 1,131 42,228
Disposal - (93,502) (44,379) (137,881)
────────── ──────────
──────────		 ──────────
612,618 6,049 2,997 621,664
────────── ──────────
──────────		 ──────────
Carrying amount
At 31 June 2024 1,303,812 1,837 2,820 1,308,469
────────── ──────────
──────────		 ──────────
At 31 June 2023 1,343,321 6,888 349 1,350,558
────────── ──────────
──────────		 ──────────

8 Investment Property

£
Fair Value
At 1 July 2023 161,500
Revaluation -
──────────
161,500
──────────
Net Book Value
At 31 June 2024 161,500
──────────
At 31 June 2023 161,500
──────────

The property at 1A Limetree Avenue was initially purchased for £78,282.

20

Retford Baptist Church

Year Ended 30th June 2024

Notes to the Financial Statements

9 Debtors

2024 2023
£ £
Trade debtors - 3,884
Prepayments and accrued income 4,781 6,492
Well Communty Project - 5,491
────────── ──────────
4,781 15,867
────────── ──────────

10 Creditors: Amounts Falling Due Within One Year

2024 2023
£ £
Trade creditors and accruals 10,599 3,453
Taxation and social security - 2,350
Deferred Income - 2,225
Bank loans - 15,395
────────── ──────────
10,599 23,423
────────── ──────────

11 Secured Debts

During the year the mortgage over the property situated at the property Hospital Road, Retford, Nottinghamshire DN22 7BD was fully repaid.

There is a legal charge imposed by Big Lottery Fund on the freehold property known as land and buildings 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

21

Retford Baptist Church

Year Ended 30th June 2024

Notes to the Financial Statements

11 Analysis of Charitable Funds

1 Jul 2023 Income Expenditure Transfers 30 Jun 2024
£ £ £ £ £
Unrestricted Funds
Unrestricted
General funds 1,404,032 271,037 (283,386) (37,000) 1,354,683
────────── ────────── ────────── ────────── ──────────
1,404,032 271,037 (283,386) (37,000) 1,354,683
────────── ────────── ────────── ────────── ──────────
Designated
Reserves - - - 37,000 37,000
────────── ────────── ────────── ────────── ──────────
- - - 37,000 37,000
────────── ────────── ────────── ────────── ──────────
────────── ────────── ────────── ────────── ──────────
Total Unrestricted Funds 1,404,032 271,037 (283,386) - 1,391,683
────────── ────────── ────────── ────────── ──────────
Restricted Funds
Mabel Merrills 173,281 - - - 173,281
Meryl Grave 10,079 - - - 10,079
Basset Law DC 13,796 - (9,480) - 4,316
Sunday School Prizes &
Resources		 1,100 - (212) - 888
Youth Gift 4,471 - (2,354) - 2,117
Youth Worker Salaries - 7,000 (3,498) - 3,502
Benefact Trust - 8,100 - - 8,100
National Lottery - 19,946 - - 19,946
Garfield Weston - 5,000 - - 5,000
Nelsons Grant - 500 - - 500
CAP Worker and related activity
grants		 - 3,125 (1,381) - 1,744
Next Gen Fundraiser - 693 - - 693
Nepal - 902 (902) - -
Masoyi Trust - 200 (200) - -
Building Fund 4,336 6,625 (9,636) - 1,325
Funerals Donations Fund - 181 (181) - -
Building Assistant - 3,750 (3,000) - 750
Rotary Club - 850 (850) - -
────────── ────────── ────────── ────────── ──────────
207,063 56,872 (31,694) - 232,241
────────── ────────── ────────── ────────── ──────────
────────── ────────── ────────── ────────── ──────────
Total Funds 1,611,095 327,909 (315,080) - 1,623,924
────────── ────────── ────────── ────────── ──────────

22

Retford Baptist Church

Year Ended 30th June 2024

Notes to the Financial Statements

Material 2024 Fund Transfers

Reserves

The establishment of a reserves fund transferring £37,000 as a designated fund for the future reserves requirements of the Church.

Fund Descriptions

The descriptions of the material funds held by the Church during the financial year:

Meryl Grave Funds gifted to the church for the upkeep and maintenance of the outlined grave. Basset Law DC Funds received annually for the CAP worker salary costs. Youth Gift Funds received towards the youth work activities of the Church. Benefact Trust Funds received to set up and establish the CAP centre. National Lottery Funds received to set up and establish the CAP centre. Garfield Weston Funds received to set up and establish the CAP centre. CAP Worker and related activity Other funds received to set up and establish the CAP centre and grants other related activities. Building Fund Donations towards the building morgage and upkeep. Building Assistant Donation received towards Building assistant staff costs.

Funds gifted to the church for the upkeep and maintenance of the outlined grave.

12 Analysis of Net Assets Between Funds

Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Fixed assets 1,469,969 - 1,469,969
Current assets (67,687) 232,241 164,554
Creditors less than 1 year (10,599) - (10,599)
────────── ────────── ──────────
1,391,683 232,241 1,623,924
────────── ────────── ──────────
Unrestricted Restricted Total Funds
Funds Funds 2023
£ £ £
Tangible fixed assets 1,512,058 - 1,512,058
Current assets (84,603) 207,063 122,460
Creditors less than 1 year (23,423) - (23,423)
────────── ────────── ──────────
1,404,032 207,063 1,611,095
────────── ────────── ──────────

23

Retford Baptist Church

Year Ended 30th June 2024

Notes to the Financial Statements

13 Related Party Transactions

Retford Baptist Church the sole guarantor for The Well Community Projects, a company limited by guarantee. During the year, the following transactions took place between Retford Baptist Church and The Well Community Projects:

The Church recharged £6,000 to The Well Community Projects in respect of staffing costs. These relate to Church-employed staff time used in delivering activities and projects operated by The Well Community Projects. The Community Projects charity does not directly employ staff.

The Church also recharged £489.86 in respect of direct costs incurred for the benefit of The Well Community Projects. These include costs for running events and activities such as lunch clubs, CAP administration, and shared administration/telephone expenses.

The Church received a restricted grant of £5,000 from the Garfield Weston Foundation towards the CAP activity delivered by The Well Community Projects. This amount had not yet been transferred to The Well Community Projects as at the year end and is recognised as a creditor in the Church’s financial statements.

There were no outstanding salary or expense recharge balances between the two entities at the year end.

During the year Richard Warren a close family relative of trustee Yvonne Warren received was employed by the Church and received remuneration including employers national insurance and employers pension contribution of £28,205.

13 Prior Period Adjustment

A prior period adjustment has been applied to the 2023 comparative figures. The adjustment included the recognition of £25,771 grant income which had originally been held as a creditor within deferred income due to meeting the Charities SORP income recognition criteria in the previous year.

Adjusted Original
£ £
Unrestricted Funds 1,404,032 1,412,064
Restricted Funds 207,063 173,281
Donations and legacies 255,511 219,886

14 Investment 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.

24