SPALDll¥G BAVTIST CHURCH CHARITY COMMISSION REGISTERED I¥0. 1130326 STATEMENT OF ACCOUNTS for ibe vear ended 31ST DECEMIIER 2023
SPALDING BAPTIST CHURC CHARITY INFORMATION AS AT 31ST DECEMBER 2023 R¢gist¢red Address Swan Sireet Spaldin8 Lincs. PEII IBT Trustees Rev'd Karen Smilley (Chair) Diane Clay (Church Sccrcthry) Marian Boxall {Treasurer) John Chesier Gordon Gooding Carol Gricf Mark Rogers (iordon (ireen Kevin Granville Page 1
SPALDIYG BAPTIST CHURCH TRUSTEES RF.PORT FOR THE YEAR ENDED 31ST DECEMBER 2023 'rhe Trustccs prcscnt their rewirt and accounts for the year cndcd 31 st December 2023. Governance aDd ManAgement 'rh¢ charily %¥as established by Declaration of Tftl and is registered with ihe Charity Commission. Number 1130326. Charity Trustees are appoinied by the memr$ at an Ordinarv Church Metnbers Meeting for a three-year tem). All Members of the age of 21 or over and who meet the necessary requiremenis are eligible io be notninated fur eleclion by the church Members. A close family memkr of a servfftng Trustee is not eligible for appuinlment. Objeeilves and Acttvities The objectives of thc Charity are the advancement of the Christian Faith according to the princip1¢5 of the Flapiisi denominarion. The Trusiees consider ihat Ihe objeciii¢s and a¢livities of Ihe Charity. are in accordance with the Charity LomiMi5sion's gcncral guidancc on public bcncfit. Aetlvltles ind Aehievemen¢s Church life ¢onlinu¢d as previously throughout 20?3. Sunday worship. Discipleship groups, members, leadership and trusiee meeting?s all ¢ontinued. Our 2022123 i¥arn) space lias developed and growii into a Community Cale. scrving a swcei breakfast or mornin8 snack. a hot lunch. bollomless hot and cold drinks, and ci)n¥ersation. Our illvolvement in the communitrj. of Spalding increased with relationships bein8 estsblish¢d and nurtured. Our iniention has been to develop partnerships wilh local and nalional mentAI healih chariiies lo build fruitful relalionships in order ihal we mav love our llci¥hiK)ur ihrough 5ibFnposiii)8 10 professionals where appmpriale. Our work in schools also increased. As well as Open the B(K)k and assembli¢s in local primary. schools. ¢ began to support secondarv age cliildren iii a lo¢al a¢ademy in tackling some common issu¢s and challen¥e5 facing i¢enager¥. by working in small groups lo help str8t¢¥iz¢ and develop coping mcchanisms lo help with rN)or menlal health. bull)'in8 and anti-social behaviour. There have b¢en further building improvements to th¢ church includin¥ making spac¢s mor¢ user frieiidly and a¢eessiblc. ?014 pr()misLs lo be an excitin8 year, as iNe cunsider the a. fnn*ard and ask yel again. l.ord. how may w¢ serve you? Rlsk MAD4gement The Iruslees have reviewed the major risks faced b), the Charity and have concluded that th¢ systems in place are suflicient to mitigate Iheir effect. The risks and s)'stems are reviemed and updaied on a regular basis. Reserves Polic), Unrestricted general reserwes are held at a level deemed by the TNste¢s to be sufficient to cover the annual operalioiial costs. Signed on behalf of the Truste¢s.' Mrs D Clay Church Secretary Dated.. Page 2
INDEPF.NDF.Yr F.XAMINF.R'S RF.PORT TO THE TRUSTEES OF THE SPALDING BAvfIsT CHURCH I report to the charitv trustees on m). examination of the accounts of the Chariry for the vear ended 3 1st D¢cLmb¢r 9023. which are set oul on p3gcs 4 to 9. Responsibilities basis of the report As the Chariiy's Trustees you are resw)nsible for the preparation of the accounts in accordance wilh )e r¢quirements of the Charities Act 2011 ('the Aci,). I report in respect ol- tny examination ol-the charity's accounts carried out under section 145 of the Aci and in carryingT oiil my examination I haN'e folloed all thc applicable directions given by the Charity c.ommission under etIon 145 {5)(b) of thc Aci. Independent examin¢r'¥ ststement I have wmpleted my examination. I confirni that no material matters have come to my attention in ¢unneciion wilh Ihe cxaminalion 8iving me cause lo b¢li¢ve that in any material r¢spcct.' l ) accountin8 records were noi kept in respeci of the charity as required by seclion 130 of the Act. or 2) the ac¢ounts do noi accord with thos¢ records; or 3) the a¢count5 do noi comply with the opplicable requirements concerning the fomi and conl¢nts of the aceounl8 ser out in the Charities (Accounts and Reports) Regulalions ?008 other than any requiremeiiis thal the accounts give a Irue and fair view which is not a mailer considered as pat1 of an ind¢pend¢nt examination. I have no concems and have come acn)5s no other matters in ¢onnection with the cxamination to which attention should be drawn in this report in order io enable & proper understanding on the accounts to bc reached. M¢ln Price Irkdependeni Examiner Dat¢d. 13" mLA IA)I* Page 3
SPALDINC. BAPTIST CHURCH STATEMENT OF FINANCIAL ACTIVITIES THF. YEAR ENDED 31ST DECEMBER 2023 2023 Rtr1ded Endowmeftt Funds Funds 2022 Cpeneral Funds Note Tolal Total INCOME: Giving Giving- refund5 Donations and iTrihcr income Rental income Investment income 75.681 10.74? 75.681 10.742 78.423 12.108 5.676 306 4.1)43 7,640 14.458 102 5.676 357 TOTAL INCOME IIH.513 4.043 51 108.607 112,781 EXPENDITURE: Donaiions ro exiernal missions Miftistry and C)ulrvdch Paid ¥iiiploJeL's Building costs Adminisiration 11.469 12.144 2631 1229 14.100 13.373 13,984 11.247 32.25 16.332 14,938 62.085 8.733 62,085 .733 TOTAL V.XPENDITURE 144.681 3.860 148.541 88.751 GAINSI(LOSSESI ON INVESTMENTS Unrealised 13491 NET INCOME (EXPENDITURE) (40.168) 183 163 (39.822) 23.681 TRANSFERS BETWEEN FUNDS NET MOVEMF.NT IN FUNDS (40.1681 183 163 (39,8221 23,681 FUND BALANCES BROUGHT FORWARD: I st January 2023 3.676,173 30 2.301 3,678.504 3.654.823 FUND BALANCES CARRIED FORWARD: 31 It December 2023 3.636.005 213 ?,464 3.638.682 3,678,504 m)ies onwges 6 10 9forniparl ofihese accoynLS Pag8 4
SPALDING BAPTIST CHURCH sTATEmE'T OF ASSETS AND LIABILrrIES AT 31ST DECEfvIBER 2023 2023 2022 Note FIXED ASSETS -rangible filed assets Jnvestment ass¢ls 3,550.961 3,551 ?81 2,114 3.553,187 3,553.395 CURRENT A56•ETS Debtors Cash at bank and in hand 10 14.657 72.132 86.789 26.151 100.362 126,513 CURRENT LIABILTEs Creditors 12 1.294 1.404 NET CURRENT ASSETS 85.495 1?5,109 3.638.682 3.678.504 FUNDS Ilnre8tricted fund.q General funds 3.636,(5 3,676.173 Restrieted funds F.ndowmtDi futtds 213 1.464 3.638.682 Jo 2.301 3,678.504 The financial siatements on pages 4 10 9 1¥e approv¢d by the'l-rusiees on 13th March, ?0?4 and signed on their b¢half b).: Mrs D Clay Church Secrelary Mrs M Boxall Treasurer The noles onpages 6 10 9forFnpart ofthese 47c¢ounts Pa9e 5
SPALDING BAPTIST CHURCH OTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2023 A. Accountin Policies Th¢ principal accounting policies adopted in the preparation of the financial slaiements are set out below. {a) Basis of preparaiion of fmancial siatrments. The findnLial stalcments have been prepared in accordan¢c with applicable United Kingdom AcLouniing Standards. The). have also been prepared in accordance w'ith ihe Statem¢ni of RcL()mmended Practice, "Accounting and Rewrting bj. Charilies" published in ?01 S. The accriials b&8is of accounting has been applied. (b) Fixed Assets rreehold properties have been included in ihe accounts ai their insured values. being the values adopied in the accounis as ai 31 DeL'¢mber 2018. Rouiine additions and replacements to fixtures and equipment are treated as renewals and are charged to ¢urreni expenditure. (c) Funds Endowmeni Funds are funds where th¢ capithl must be maintain¢d, and only tl)e income arisin8 may be used as Cilher resrricted or unreslricied depending upon ihe purwse of Ihe eiidowment. Designated Funds are funds designaied for a particular purpose. bui ihcy r¢taiii the character of unr¢slricted fund5 and the ¢hurch is at liberty io apply ihem for general purposes Restricted Funds cannoi be used for general purwses as the funds have been giv¢n a resiricled us¢ by thc donors. Ilnr¢stricted Funds are available for use at the dIretIOn of the Truste¢s in fijrtherance of the general objeciives of the Charity. (d) Income InLom¢. offerin¥s and donations are re¢o8nised when recei%'ed. refunds are recognised when Ihe am(iunts are claimable. l.egacies are reLognised when the ¢hur¢h is legally entitled lo the amounts du¢. Investmenl and other income is recognised when li is re1ved. (e) Resourc¢s expended Amounts reived specifically for missions are dealt with in the restrickd funds ihe liability for payment is recognised when the aTnoLknis arc received. All other ¢xpenditur¢ is 8enerally rOgnised Nlhen it is incurred. Page 6
SP.4LDING BAFfisT CHURCH STATEMENT OF ACCOUNTS 31ST DECEMBER 2023 Donations and Other Incom¢ 2023 2022 Donaiions Warm Welcome grants Oiher income Missionari donations Sutton Si Jam¢s Trust l¥'als01i's Charity in¢ome 1.571 2,902 9.520 2.601 3,239 869 630 615 16.151 7.640 3. Donations to external misjions 2023 2022 A Paymenis to Home Missions: BU H(Trmc Mission Paul and E15a.' Operation Mubilisaiion 3,767 3.921 1.250 5,171 3,767 B Payments to World Missions: BMS World Mission The l.epr05y Mission Mission Africa Tear Fund Ilop¢ Now Mission Aviaiion Fellowship Othlrs 3.767 1.255 1.255 765 3.921 1.307 1.307 20 1.255 2.036 10,333 2.258 8.813 To¢41 dongtions lo esternxl mission$ 14.1iX) 13.984 4. Minlsl gnd Outreach 2023 2022 New piano Children, youth and families work Youth workers expense5 Guest pr¢achers Aduli Mission Pastoral care Ben¢volent work Travellillg cxpcn%s Donation - CAP P&ssover Meal expenses BU Alrilialion fees 2.611 2.107 345 3,050 304 7.373 985 .279 35 994 1,105 360 560 541 974 937 360 559 13.373 11,247 Page 7
SPALDII¥4G BAFtIST CHURCH STATE.MENT OF ACCOUNTS 31ST DECEMBER 2023 Paid em lo 2023 2022 Development Minister Minisierfs Stipend Ministerf5 p¢nsion costs Youth WOfk¢r's w'ages Youth w(ffker's pension cos BU Pension defÈcil 2,400 8.250 1.042 17.489 877 2.192 26.062 4.685 18.585 12 in 202J 2022 Lighting and heatin8 Insurances Waier rai¢s Council T&x Repairs and maintenaftce.. Church Manse Lhapel Lane 6.297 3.465 1.640 2.338 5.649 IA9 953 38.058 2.?_19 8.048 4.541 550 62.085 16.132 d Inl$tr8tion 202 2f12 Interviews and movin8 expenses Ministcrial expenses Conf¢r¢n¢¢s Printing and stationery 'lelephone. compuier and websiie Cgpyrighi and music licen¢es et Renial Property manayemeni Pwoll scrvice fees Sundry expcns¢5 6,527 400 1.108 1.089 2.711 787 714 504 1.420 1.025 722 2.304 8.35 2.491 420 614 .7.33 14.9.18 Page 8
SPALDTNG BAPTIST cRCH STA TEMEKf OF AccouNrs 31ST DECEMBER 21123 8. Fixed 48sets 2023 2022 Church premises Church Manse Flouse, 19 Chapel Lane Equipmcnl 3.154,705 ?47.695 148.561 3.154.705 247,695 148,561 320 3.550.961 3.551.281 nvestmeDI assets 2023 2022 Charity Fixed Interest Fund 2,226 2.114 2.226 2,114 10. Debtors 023 20 InLome lax rcp8yments Oiher debtors and prepaymen 10.500 4.157 2.500 -3.651 14.657 ?6.151 11. Cash At bank and in hand 2023 Llo)'d5 Bank accounts HSBC Bank accc)unls COIF Charities Deposit Fund Cash in hand 5,333 27,224 39,431 144 39,467 56,770 4.112 13 72.13? 100.362 12. Creditorn due within one eAr 2023 2022 Other creditors Pension lund .294 877 1.404 Page 9