REGISTERED CHARITY NUMBER: 1129995
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
FOR
ORPINGTON BAPTIST CHURCH
ORPINGTON BAPTIST CHURCH
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
| Page | |
|---|---|
| Report of the Trustees | 1 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 to 16 |
ORPINGTON BAPTIST CHURCH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023
Orpington Baptist Church is an unincorporated charity, registered charity number 1129995.
OBJECTIVES AND ACTIVITIES
Public benefit
Our principle objective is the advancement of the Christian faith. This includes our Christian education and worship for people of all ages. It also includes our commitment to serving the community and being outward looking both locally and internationally. To enable the better fulfilment of our vision the Church employs a Senior Minister, a Youth Worker, a Childrens Worker, a very active Minister-in-Training and a part time Worship Leader. We also employ administrative staff, a Café Manager, and cleaners to maintain high levels of cleanliness. Many of the groups and activities are also led by a large number of volunteers who give freely of their time and gifts. Details of all our activities can be found on our website www.orpingtonbaptist.org.uk and through our very active presence on social media accounts. When planning our work the Trustees always consider the need for public benefit in line with the Charity Commission guidelines.
ACHIEVEMENT AND PERFORMANCE
A full programme of activities serving hundreds of people within the community is a weekly feature of our performance as a charity. Live broadcasting of all our services continues and through it we are able to have an even wider audience. Our multicultural and diverse membership has continued to grow considerably and is a strong feature of the Church. Our work with many children and young people is also a delight and each week over one hundred are served by the Church. We have developed a particular concern for those who are vulnerable and disadvantaged within our community. In particular we have consistently run a Warm Space and an outreach each Saturday, called The Lounge, reaching out to people facing the struggles of the cost of living crisis. We have continued to work in active partnership with other agencies in the community, including the foodbanks, Christians Against Poverty, Bromley Homeless, Street Pastors, Churches Together in Orpington and Transform Bromley Borough. We look to bless and reach out with Christian compassion to the nations of the world as well, developing mission partnerships in Bangladesh, Zambia, Romania and the Czech Republic. In Zambia this year we have had the joy of seeing a High School established for the education of the poorest children. We seek constantly to remember and develop our vision as a Church:
O: Outward-looking
B: Biblical teaching
C: Contemporary and relevant
During the year our Senior Minister, who has served us for over fifteen years, has announced his forthcoming retirement. The leadership of the Church have successfully managed the succession and the Church has agreed to the present Minister-in-Training becoming the next Minister.
FINANCIAL REVIEW
Financial position
There was an excess of expenditure over income for the year of £35,000. In a commercial enterprise this would indicate a weakness but in our case this only reflects the Trustees proper utilisation of the legacies received in 2022. At the year end the Church had £236,000 in various bank accounts but part of this relates to restricted and designated funds. The Church continues to settle all liabilities promptly and there are no creditors at the year end. The Church's finances continue to be sound, with compliance to the stated reserve policy (£100,000) and an amount of free funds to enable the trustees to achieve further activities in 2024, as they pursue the Church's objects.
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ORPINGTON BAPTIST CHURCH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023
FINANCIAL REVIEW
Reserves policy
The trustees have a reserve policy to hold £100,000 held between a Major Project Reserve for major property events and a General Fund for other major costs. At 31 December 2023 the Major Project Reserve stands at £50,000 and the general Fund at £216,436. The Trustees continually review the needs of the present and those of the future and apportion the funds as equitably as possible.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The charity is guided by its Constitution and a Deed of Trust held by the Baptist Union Corporation. The Trustees, chaired by the Senior Minister, are elected by the Church on a congregational model of church government. The Trustees have again assessed the major risks facing the Trust and have made sure of appropriate policies to minimise any risks identified. We continue to be very careful about safeguarding, not only with a Designated Safeguarding Officer but a team working with her and a Safeguarding Trustee.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1129995
Principal address
Station Road Orpington KENT BR6 0RZ
Trustees
Rev Martyn Travers - Senior Minister/Chairperson Paul Cooke - Treasurer Lorraine Dixon - Officer Remi Adesina, Deacon Caroline Percy - Deacon Helen Stockman - Deacon Tim Williams - Deacon Helen Pourak- Deacon Liz Salins - Deacon Ekua Stephen, Deacon
Independent Examiner
Hakeem Adeleye Grugeon Reynolds Limited Adams and Moore House Instone Road Dartford KENT DA1 2AG
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ORPINGTON BAPTIST CHURCH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023
Approved by order of the board of trustees on 4 April 2024 and signed on its behalf by:
Rev M Travers - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ORPINGTON BAPTIST CHURCH
Independent examiner's report to the trustees of Orpington Baptist Church
I report to the charity trustees on my examination of the accounts of Orpington Baptist Church (the Trust) for the year ended 31 December 2023.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the 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 Association of Chartered Certified Accountants, 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:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts 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.
Hakeem Adeleye The Association of Chartered Certified Accountants
Grugeon Reynolds Limited Adams and Moore House Instone Road Dartford KENT DA1 2AG
4 April 2024
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ORPINGTON BAPTIST CHURCH
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023
| 2023 Unrestricted Restricted Total funds funds funds Notes £ £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 251,056 21,508 272,564 Charitable activities 5 Church organisations 23,527 499 24,026 Holiday Bible club 604 - 604 Sundry activities 10,860 100 10,960 Youth residential 2,836 - 2,836 Event receipts 542 - 542 Other trading activities 3 5,140 - 5,140 Investment income 4 2,492 - 2,492 Total 297,057 22,107 319,164 EXPENDITURE ON Charitable activities Church organisations 27,430 - 27,430 Holiday Bible club 1,190 - 1,190 Sundry activities 299,759 21,314 321,073 Youth residential 4,879 - 4,879 Total 333,258 21,314 354,572 NET INCOME/(EXPENDITURE) (36,201) 793 (35,408) RECONCILIATION OF FUNDS Total funds brought forward 439,436 1,350,962 1,790,398 TOTAL FUNDS CARRIED FORWARD 403,235 1,351,755 1,754,990 |
2022 Total funds £ 444,516 25,415 - 554 7,526 853 9,558 640 489,062 27,972 - 344,373 8,027 380,372 108,690 1,681,708 1,790,398 |
|---|---|
The notes form part of these financial statements
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ORPINGTON BAPTIST CHURCH
BALANCE SHEET 31 DECEMBER 2023
| 2023 Unrestricted Restricted Total funds funds funds Notes £ £ £ FIXED ASSETS Tangible assets 11 158,000 1,350,000 1,508,000 CURRENT ASSETS Debtors 12 12,756 - 12,756 Cash at bank and in hand 234,189 1,755 235,944 246,945 1,755 248,700 CREDITORS Amounts falling due within one year 13 (1,710) - (1,710) NET CURRENT ASSETS 245,235 1,755 246,990 TOTAL ASSETS LESS CURRENT LIABILITIES 403,235 1,351,755 1,754,990 NET ASSETS 403,235 1,351,755 1,754,990 FUNDS 14 Unrestricted funds 403,235 Restricted funds 1,351,755 TOTAL FUNDS 1,754,990 |
2022 Total funds £ 1,508,000 11,363 272,745 284,108 (1,710) 282,398 1,790,398 1,790,398 439,436 1,350,962 1,790,398 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 4 April 2024 and were signed on its behalf by:
M Travers - Trustee
P Cooke - Trustee
The notes form part of these financial statements
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ORPINGTON BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
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.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
The church premises are included in the Balance Sheet at insurance value because reliable cost information is not available, and valuation would incur significant costs which would be onerous compared with the additional benefit gained by the user of the accounts.
The Manse is stated at cost.
The cost of refurbishing the Church is being written off equally over ten years.
Fixtures and fittings are depreciated at 10% on a straight line basis.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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ORPINGTON BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
| 2. DONATIONS AND LEGACIES Donations 3. OTHER TRADING ACTIVITIES Lettings 4. INVESTMENT INCOME Deposit account interest 5. INCOME FROM CHARITABLE ACTIVITIES Summary of Results of Church Organisations Opening Balances Income Expenditure 3rd Bromley Boys' Brigade 19,793 11,296 9,677 1st Orpington Girls' Brigade 10,273 2,153 2,444 Sanctuary Café 1,921 10,113 13,828 Lunch Club 157 157 Leisure Group 991 991 Tiddlers 575 463 333 TOTAL £33,710 £24,025 £27,430 |
2023 £ 272,564 2023 £ 5,140 2023 £ 2,492 |
2022 £ 444,516 2022 £ 9,558 2022 £ 640 |
|---|---|---|
| Closing Contra Balances 724 22,136 192 10,174 2,840 1,046 0 0 705 £3,756 £34,061 |
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.
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ORPINGTON BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
7. SALARIES
| SALARIES | ||
|---|---|---|
| 2023 | 2022 | |
| Salaries | 146,770 | 148,064 |
| National Insurance contributions | 5,113 | 4,570 |
| Pension contributions | 4,511 | 12,283 |
| £ 156.394 | £ 164,917 |
The Senior Minister is the Chairperson of the Trustees and the key management personnel and he received a salary as a minster of £43,335 during the year and he has a defined benefit pension and a defined contribution pension. Six other employees have defined contribution pensions. The Church pays pension contributions for its Minister to the Baptist Minsters' Pension fund which is a multi-employee final salary defined benefit scheme, not contracted out of the State scheme. From 1 January 2009 the Minister pays 9% of his pensionable income and the Church 25%.
The Church is an employer participating in a pension scheme known as the Baptist Pension Scheme ("the Scheme"). The Scheme is a separate legal entity which is administered by the Pension Trustee (Baptist Pension Trust Limited).
Since January 2012, pension provision has been made through the Defined Contribution (DC) Plan within the Scheme. In general, members pay 8% of their Pensionable Income and employers pay 6% of members' Pensionable Income into individual pension accounts. In addition, the employer pays a further 4% of Pensionable Income to cover Death in Service Benefits, administration costs, and an associated insurance policy which provides income protection for Scheme members in the event that they are unable to work due to long-term incapacity. This income protection policy has been insured by the Baptist Union of Great Britain with Aviva.
Benefits in respect of service prior to 1 January 2012 are provided through the Defined Benefit (DB) Plan within the Scheme. The main benefits for pre-2012 service were a defined benefit pension of one eightieth of Final Minimum Pensionable Income for each year of Pensionable Service, together with additional pension in respect of premiums paid on Pensionable Income in excess of Minimum Pensionable Income. The Scheme, previously known as the Baptist Ministers' Pension Fund, started in 1925, but was closed to future accrual of defined benefits on 31 December 2011.
A formal valuation of the Defined Benefit (DB) Plan was performed at 31 December 2019 by a professionally qualified Actuary using the Projected Unit Method. The valuation of the DB Plan revealed a deficit of assets compared with the value of liabilities of £18 million. As a result of the valuation, in addition to the contributions to the DC Plan set out above, it was agreed that the standard rate of deficiency contributions from churches and other employers involved in the DB Plan will remain at previously agreed levels, increasing each year in line with increases in the Minimum Pensionable Income. The deficiency contributions are broadly based on 12% of Pensionable Income/Minimum Pensionable Income, reflecting each employer's contributions in March 2015
In addition, the Baptist Union of Great Britain contributed a lump sum of £33m in 2018 with a further £0.5m to follow, and changes to the Scheme benefits were agreed. The Recovery Plan envisages deficiency contributions continuing until 31 December 2028.
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ORPINGTON BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
7. SALARIES - continued
The Recovery Plan envisages deficiency contributions continuing until June 2026. As there is a large number of contributing employers participating in the Scheme, the Church is unable to identify its share of the underlying assets and liabilities of the scheme. OBC's deemed current share of the deficit at 22 June 2022 was £17,900 (2021 £47,900, 2020 £76,200, 2019 £76,300, 2018 £115,900) which is subject to revision dependent on subsequent valuations. The next actuarial valuation of the DB Plan within the Scheme is due as at 31 December 2023, however the Pension Fund have reduced the deficit payments being paid by Orpington Baptist Church from August 2022 to £1 per month as the deficit has reached a manageable level.
.
The average monthly number of employees during the year was as follows:
| Ministry Administration Cafe Cleaners |
2023 5 2 1 3 11 |
2022 5 2 1 3 11 |
|---|---|---|
No employees received emoluments in excess of £60,000.
There are four full-time staff and seven part-time staff. All the employments equate to six full-time equivalent employments.
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Church organisations Sundry activities Youth residential Event receipts Other trading activities Investment income Total EXPENDITURE ON Charitable activities Church organisations Sundry activities |
Unrestricted Restricted Total funds funds funds £ £ £ 436,653 7,863 444,516 25,415 - 25,415 554 - 554 7,526 - 7,526 853 - 853 9,558 - 9,558 640 - 640 481,199 7,863 489,062 27,972 - 27,972 294,516 49,857 344,373 |
|---|---|
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ORPINGTON BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| Youth residential Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted Restricted Total funds funds funds £ £ £ 8,027 - 8,027 330,515 49,857 380,372 150,684 (41,994) 108,690 288,751 1,392,957 1,681,708 439,435 1,350,963 1,790,398 |
|---|---|
9. GRANT MAKING ACTIVITIES
The Church has made grants totalling £60,722 (2022 - £57,752) all related to its object to advance the Christian faith. The largest grants were to the Baptist Mission, both Home and Overseas £21,396 (2022 - £19,263) and their mission statement is "As a Christian mission organisation we aim to share life in all its fullness with the world's people by; enabling them to know Christ; alleviating suffering and injustice; and improving the quality of life, with people as our primary agents of change - motivating, training, sending and resourcing them". No support costs have been attributed to this cost.
10. INDEPENDENT EXAMINER'S FEES
The total fees paid to the Independent Examiner was £1,710 (2022 - £1,710). These fees were for both the preparation of the annual accounts and the independent examination.
11. TANGIBLE FIXED ASSETS
| COST At 1 January 2023 and 31 December 2023 DEPRECIATION At 1 January 2023 and 31 December 2023 NET BOOK VALUE At 31 December 2023 At 31 December 2022 |
Freehold property £ 2,252,653 744,653 1,508,000 1,508,000 |
Fixtures and fittings £ 33,399 33,399 - - |
Totals £ 2,286,052 778,052 1,508,000 1,508,000 |
|---|---|---|---|
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ORPINGTON BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
| 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Sundry debtors 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Sundry creditors 14. MOVEMENT IN FUNDS At 1/1/23 £ Unrestricted funds General fund 216,436 Major Projects Reserve 50,000 Manse 158,000 Minibus replacement fund 15,000 439,436 Restricted funds Church premises 1,350,000 Food Bank 40 Birthday fund 25 Ukraine appeal / Project Ruth 832 Love in a Box 25 Harvest 20 Pakistan appeal 20 London City mission - Flowers - Lounge Project - Sanctuary Cafe Tips - Turkey and Syria Earthquake Appeal - 1,350,962 TOTAL FUNDS 1,790,398 |
2023 2022 £ £ 12,756 11,363 2023 2022 £ £ 1,710 1,710 Net movement At in funds 31/12/23 £ £ (36,201) 180,235 - 50,000 - 158,000 - 15,000 (36,201) 403,235 - 1,350,000 - 40 25 50 - 832 - 25 - 20 - 20 50 50 35 35 174 174 499 499 10 10 793 1,351,755 (35,408) 1,754,990 |
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ORPINGTON BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
14. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Birthday fund Zambia trip London City mission Bromley Homeless Projects Flowers G B Zambia Lounge Project Sanctuary Cafe Tips Silverwood School Street Pastors Turkey and Syria Earthquake Appeal TOTAL FUNDS |
Incoming resources £ 297,057 1,697 500 50 555 165 64 1,242 499 16,000 100 1,235 22,107 319,164 |
Resources expended £ (333,258) (1,672) (500) - (555) (130) (64) (1,068) - (16,000) (100) (1,225) (21,314) (354,572) |
Movement in funds £ (36,201) 25 - 50 - 35 - 174 499 - - 10 793 (35,408) |
|---|---|---|---|
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ORPINGTON BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
14. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Major Projects Reserve Building Fund Manse Minibus replacement fund Restricted funds Church premises Mission World Building fund Food Bank Birthday fund Ukraine appeal / Project Ruth Love in a Box Harvest Pakistan appeal TOTAL FUNDS |
At 1/1/22 £ 57,049 50,000 8,702 158,000 15,000 288,751 1,350,000 892 42,065 - - - - - - 1,392,957 1,681,708 |
Net movement At in funds 31/12/22 £ £ 159,387 216,436 - 50,000 (8,702) - - 158,000 - 15,000 150,685 439,436 - 1,350,000 (892) - (42,065) - 40 40 25 25 832 832 25 25 20 20 20 20 (41,995) 1,350,962 108,690 1,790,398 |
|---|---|---|
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ORPINGTON BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
14. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Building Fund Restricted funds Mission World Building fund Food Bank Birthday fund Zambia trip Ukraine appeal / Project Ruth Love in a Box Harvest Pakistan appeal London City mission Tear fund TOTAL FUNDS |
Incoming resources £ 481,199 - 481,199 - - 40 1,634 570 3,963 25 20 20 910 681 7,863 489,062 |
Resources expended £ (321,812) (8,702) (330,514) (892) (42,065) - (1,609) (570) (3,131) - - - (910) (681) (49,858) (380,372) |
Movement in funds £ 159,387 (8,702) 150,685 (892) (42,065) 40 25 - 832 25 20 20 - - (41,995) 108,690 |
|---|---|---|---|
The Building funds were to finance the refurbishment of the building.
The Major project reserve (formerly called Property fund) is to finance the major periodic repair and replacement cost of the building.
The Manse fund represents the funds financing the minister's residence.
The Church premises fund represents the funds financing the church building.
The Mission funds were the restricted donation received and payments made in accordance with the donors' wishes.
The Minibus replacement fund is to finance a replace vehicle when this becomes necessary.
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ORPINGTON BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023
15. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2023.
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