SPALDING BAPTIST CHURCH CHARITY COMMISSION REGISTERED NO. 1130326
STATEMENT OF ACCOUNTS
for the year ended 31ST DECEMBER 2021
SPALDING BAPTIST CHURCH CHARITY INFORMATION
AS AT 31ST DECEMBER 2021
Registered Address Swan Street Spalding Lines. PE11 1BT Trustees Diane Clay (Church Secretary) Marian Boxall (Treasurer) John Chester Andrew Heskin Gordon Gooding Carol Grief Mark Rogers David Taylor
Page 1
SPALDING BAPTIST CHURCH TRUSTEES REPORT FOR THE YEAR ENDED 31ST DECEMBER 2021
The Trustees present their report and accounts for the year ended 31st December 2021.
Governance and Management
The charity was established by Declaration of Trust, and is registered with the Charity Commission, Number 1130326. Charity Trustees are appointed by the Members at an Ordinary Church Members Meeting for a three-year term. All Members of the age of21 or over and who meet the necessary requirements are eligible to be nominated for election by the church Members. A close family memberof a serving Trustee is not eligible for appointment.
Objectives and Activities
The objectives of the Charity are the advancement ofthe Christian Faith according to the principles of the Baptist denomination.
The Trustees consider that the objectives and activities of the Charity are in accordance with the Charity Commission's general guidance on public benefit.
Activities and Achievements
The regular activities of the church have included public worship, prayer, Bible study, preaching and teaching; the Communion of the Lord's Supper; evangelism and mission locally, nationally and internationally; teaching, encouragement, welcome and inclusion of young people and vulnerable adults; and supporting and encouraging charitable social action in the United Kingdom and overseas.
The activities of the church were impacted by Covid-19 for the first few months of 2021, until the church reopened in March for the Easter Services. Attendance grew steadily throughout the year and reached about two-thirds of normal capacity by December, with some members still preferring to engage via the live stream on Facebook. Most of the church's activities resumed by the end of the year, including work with children and young people, home groups and trustee and members' meetings. There was a substantial increase in financial support from the fellowship from October onwards and a few local community groups began to hire our premises, providing further income.
The principal funding sources are from giving by the members and friends ofthe church, together with income from investments and rental properties.
Risk Management
The trustees have reviewed the major risks faced by the Charity and have concluded that the systems in place are sufficient to mitigate their effect. The risks and systems are reviewed and updated on a regular basis.
Reserves Policy
Unrestricted general reserves are held at a level deemed by the Trustees to be sufficient to cover the annual operational costs.
Designated reserves are general reserves being held in order to fund the upkeep and renovation of the church premises.
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Signed on behalf of the Trustees: 7 ,
LA : .
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Mrs D Clay Church Secretary
Dated: 30th March 2022
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INDEPENDENT EXAMINER'S REPORT
- TO THE TRUSTEES OF THE
SPALDING BAPTIST CHURCH
..
I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31st December 2021, which are set out on pages 4 to 9.
Responsibilities and basis of the report
fs
As the Charity's Trustees 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 charity's accounts carried out under section 145 of the 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.
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Independent examiner's statement
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 accounts do not accord with those records; or 3
3) the accounts do not comply with the applicable requirements concerning the form and contents of the accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirements that the accounts give a true and fair view which is not a matter considered as part of an independent examination. . [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 on the accounts to be reached. ;
Melvyn Price’ i Independent Examiner
.
Dated: 30th March, 2022
Page 3
SPALDING BAPTIST CHURCH INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31ST DECEMBER 2021
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| General | Designated | Restricted | Endowment | ||||
| Note | Funds | Funds | Funds | Funds | Total | Total | |
| £ | - | i | “a | A | £ | ||
| INCOME: | |||||||
| Giving | 55,693 | 2,403 | 10,883 | - | 68,979 | 63,445 | |
| Giving - tax refunds | 10,375 | 467 | - | - | 10,842 | 10,841 | |
| Donations and other income | 2, | 16,083 | - | 381 | - | 16,464 | 12,495 |
| Rental income | 18,480 | - | - | - | 18,480 | 18,330 | |
| Investment income | - | 40 | - | 69 | 109 | 359 | |
| TOTAL INCOME | 100.63 1 | 2,910 | 11,264 | 69 | 114,874 | 105,470 | |
| EXPENDITURE: | |||||||
| Donations to external missions | 3 | - | - | 13,133 | - | 13,133 | 22,343 |
| Ministry and Outreach | 4 | 14,107 | - | - | 14,107 | 6,512 | |
| Paid employees | 5 | 32,415 | - | - | - | 32,415 | 22,265 |
| Building costs | 6 | 20,472 | - | - | - | 20,472 | 11,175 |
| Administration | 7 | 6,950 | - | - | - | 6,950 | 6,646 |
| TOTAL EXPENDITURE | 73,944 | - | 13,133 | - | 87,077 | 68,941 | |
| NET INCOME (EXPENDITURE) | 26,687 | 2,910 | (1,869) | 69 | 27,797 | 36,529 | |
| TRANSFERS BETWEEN FUNDS | 3,382 | - | (3,382) | - | - | - | |
| NET MOVEMENT IN FUNDS | 30,069 | 2,910 | (5,251) | 69 | 27,797 | 36,529 | |
| FUND BALANCES BROUGHT FORWARD: | |||||||
| IstJanuary 2021 | 3,625,051 | (5,857) | 5,251 | 2,581 | 3,627,026 | 3,590,497 | |
| FUND BALANCES CARRIED FORWARD: | |||||||
| 31stDecember2021 | 3,655,120 | (2,947) | - | 2,650 | 3,654,823 | 3,627,026 |
The notes on pages 6 to 9 form part of these accounts
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SPALDING BAPTIST CHURCH
STATEMENT OF ASSETS AND LIABILITIES
AT 31ST DECEMBER 2021
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | E | L | |
| FIXED ASSETS | |||||
| Tangible fixed assets | 8 | 3,551,602 | 3,551,923 | ||
| Investment assets | 9 | 2,463 | 2,463 | ||
| 3,554,065 | 3,554,386 | ||||
| CURRENT ASSETS | |||||
| Debtors | 10 | 13,485 | 13,826 | ||
| Cash at bank and in hand | 11 | 87,273 | 58,814 | ||
| 100,758 | 72,640 | ||||
| CURRENT LIABILITIES | |||||
| Creditors | 12 | - | - | ||
| NET CURRENT ASSETS | 100,758 | 72,640 | |||
| 3,654,823 | 3,627,026 | ||||
| FUNDS | |||||
| Unrestricted funds | |||||
| General funds | 3,655,120 | 3,625,051 | |||
| Designated funds | (2,947) | (5,857) | |||
| 3,652,173 | 3,619,194 | ||||
| Restricted funds | - | 5.251 | |||
| Endowment funds | 2,650 | 2,581 | |||
| 3,654,823 | 3,627,026 |
The financial statements on pages 4 to 9 were approved by the Trustees on 30th March, 2022 and signed on their behalf by:
Mrs D Clay “4A Church Secretary
NYP rome O
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Mrs M Boxall Treasurer
The notes on pages 6 to 9 form part of these accounts
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SPALDING BAPTIST CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2021
1. Accounting Policies
The principal accounting policies adopted in the preparation of the financial statements are set out below.
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(a) Basis of preparation of financial statements.
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The financial statements have been prepared in accordance with applicable United Kingdom Accounting Standards. They have also been prepared in accordance with the Statement of Recommended Practice, "Accounting and Reporting by Charities" published in 2015. The accruals basis of accounting has been applied.
(b) Fixed Assets
Freehold properties have been included in the accounts at their insured values, being the values adopted in the accounts as at 31 December 2018. Routine additions and replacements to fixtures and equipment are treated as renewals and are charged to current expenditure.
(c) Funds
Endowment Funds are funds where the capital must be maintained, and only the income arising may be used as either restricted or unrestricted depending upon the purose of the endowment.
Designated Funds are funds designated for a particular purpose, but they retain the character of unrestricted funds and the church is at liberty to appliy them for general purposes
Restricted Funds cannot be used for general purposes as the funds have been given a restricted use by the donors.
Unrestricted Funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity.
(d) Income
Income, offerings and donations are recognised when received. Tax refunds are recognised when the amounts are claimable. Legacies are recognised when the church is legally entitled to the amounts due. Investment and other income is recognised when it is received.
(e) Resources expended
Amounts received specifically for missions are dealt with in the restricted funds and the liability for payment is recognised when the amounts are received. All other expenditure is generally recognised when it is incurred.
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SPALDING BAPTIST CHURCH STATEMENT OF ACCOUNTS 31ST DECEMBER 2021
| 2. | Donations and Other Income | ||
|---|---|---|---|
| 2021 | 2020 | ||
| £ | £ | ||
| Donations | 2,753 | 2,666 | |
| Other income | 447 | - | |
| Insurance claim | 8,212 | - | |
| Sutton St James Trust | 3225 | 5,942 | |
| Watson's Charity income | 1,827 | 3,887 | |
| 16,464 | 12,495 | ||
| 3. | Donations to external missions | ||
| 2021 | 2020 | ||
| £ | = | ||
| A | Payments to Home Missions: | ||
| BU Home Mission | 3,000 | 3,315 | |
| Paul and Elsa: Operation Mobilisation | 3,900 | 3,900 | |
| Rob and Chloe: Yorkshire Camps | - | 2,350 | |
| 6,900 | 9,565 | ||
| B- | Payments to World Missions: | ||
| BMS World Mission | 2,100 | 4,492 | |
| BMS Covid Appeal | - | 1,225 | |
| The Leprosy Mission | 2,000 | 3,637 | |
| Tear Fund | 520 | 990 | |
| HopeNow | 682 | 1,924 | |
| Others | 931 | 510 | |
| 6,233 | 12,778 | ||
| Total donations to external missions | “45,133 | 22,343 | |
| 4. | Ministry and Outreach | ||
| 2021 | 2020 | ||
| £ | z | ||
| Muscians expenses | 2,781 | - | |
| Children, youth and families work | 1,921 | 1,424 | |
| Youth workers expenses | 659 | 182 | |
| Visiting preachers | 4,055 | 1,710 | |
| Benevolent work | 2,245 | 700 | |
| Travelling expenses | 1,305 | 358 | |
| BU Affiliation fees | 551 | 583 | |
| Donations | 590 | 1.955 | |
| 14,107 | 6,512 |
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SPALDING BAPTIST CHURCH
STATEMENT OF ACCOUNTS
31ST DECEMBER 2021
5. Paid employees
| 5. | Paid employees | ||
|---|---|---|---|
| 2021 | 2020 | ||
| £ | £ | ||
| Development Minister | 7,307 | - | |
| Gross wages and salaries | 21,824 | 20,482 | |
| Pension contributions | 321 | 272 | |
| BU Pension deficit | 3,695 | 2,724 | |
| Furlough grants | (732) | (1,213) | |
| 32,415 | 22,265 | ||
| 6. | Building costs | ||
| 2021 | 2020 | ||
| £ | £ | ||
| Lighting and heating | 4,182 | 4,770 | |
| Insurances and water rates | 3,402 | 3217 | |
| Repairs and maintenance | 12,888 | 3,128 | |
| 20,472 | 115175 | ||
| 7. | Administration | ||
| 2021 | 2020 | ||
| £ | £ | ||
| Printing and stationery | 1,071 | 1,355 | |
| Telephone, computer and website | 1,913 | 1,469 | |
| Licences for music | 787 | 921 | |
| Rental property management | 2,218 | 2,200 | |
| Accountacy fees | 420 | 330 | |
| Sundry expenses | 541 | 371 | |
| 6,950 | 6,646 |
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SPALDING BAPTIST CHURCH
STATEMENT OF ACCOUNTS
31ST DECEMBER 2021
| 8. | Fixed assets | 2021 | 2020 | ||
|---|---|---|---|---|---|
| £ | £ | ||||
| Church premises | 3,154,705 | 3,154,705 | |||
| Church Manse | 247,695 | 247,695 | |||
| House, 19 Chapel Lane | 148.561 | 148,561 | |||
| Equipment | 641 | 962 | |||
| 3,551,602 | 3,551,923 | ||||
| 9. | Investment assets | 2021 | 2020 | ||
| £ | £ | ||||
| Charity Fixed Intrerest Fund | 2,463 | 2,463 | |||
| 2,463 | 2,463 | ||||
| 10. | Debtors | 2021 | 2020 | ||
| £ | £ | ||||
| Income tax repayments | 10,342 | 10,841 | |||
| Other debtors and prepayments | 3,143 | 2,985 | |||
| 13,485 | 13,826 | ||||
| 11. | Cash at bank and in hand | 2021 | 2020 | ||
| £ | £ | ||||
| Lloyds bank accounts | 17,798 | 13,164 | |||
| HSBC Bank accounts | 65,359 | 41,425 | |||
| COIF Charities Deposit Fund | 4,071 | 4,033 | |||
| Cash in hand | 45 | 192 | |||
| 87,273 | 58,814 | ||||
| 12. | Creditors due within one year | 2021 | 2020 | ||
| £ | £ | ||||
| Othercreditors | - | - |
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