CHARITY REGISTRATION NUMBER: 1130546
Sidcup Baptist Church
Unaudited Financial Statements
31 July 2023
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OPASS BILLINGS WILSON & HONEY LLP Chartered Certified Accountants
Numeric House
98 Station Road Sidcup Kent DAI5 7BY
Sidcup Baptist Church
Financial Statements
Year ended 31 July 2023
| Pages | |
|---|---|
| Trustees’ annual report | 1 to Error! |
| Bookmark | |
| not defined. | |
| Independent examiner's report to the trustees | 6 |
| Statement offinancial activities | 7 |
| Statement offinancial position | 8 |
| Notestothefinancialstatements | 9to17 |
Sidcup Baptist Church
Trustees' Annual Report
Year ended 31 July 2023
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 July 2023.
Introduction
The aim of Sidcup Baptist Church is to be a church that loves and serves God, his people and his world. The basis of this report for the year to 31 July 2023 seeks to show how this objective has been met in terms of activities, the use of facilities and the finances God has provided.
Reference and administrative details
| Registered charity name | Sidcup Baptist Church |
|---|---|
| Charity registration number | 1130546 |
| Principal office | 167 Main Road |
| Sidcup | |
| DAI146PA |
The trustees
| Rachael Wickington (Secretary) | (Resigned 16 November2022) |
|---|---|
| RoystonMaxim (Treasurer) | (Appointed 16 November2022) |
| Penny Longman | (Appointed 16November2022) |
| Teresa Willmot | (Appointed 16November2022) |
| JohnMartin | (Appointed 16November 2022) |
| Leigh Smith | (Resigned 16 November2022) |
| Rachel Woolcott | (Resigned 16 November 2022) |
| Marcia Minto | |
| Laraine Joy (Secretary) | (Appointed16November2022) |
| James Amos-Thompson | (Resigned 16 November2022) |
| (Treasurer) | |
| DoreenCook |
Property trustees The London Baptist Property Limited Unit C2, Dock Street London El 8JN
Independent examiner
M Finnis ACA, ACCA Numeric House 98 Station Road Sidcup Kent DA15 7BY
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Sidcup Baptist Church
Trustees’ Annual Report (continued)
Year ended 31 July 2023
Structure, governance and management
Sidcup Baptist Church is governed by an approved governing document. Members of the Church are accepted in accordance with the Constitution. The members' meetings normally take place four times per year and has responsibility for the overall policy of the church. In accordance with the Constitution, the members appoint Trustees, who together with the Minister, Church Secretary and Treasurer (who are also appointed by the Members), are responsible for the day to day running of the church's work and witness, and the financial and legal aspects of the Charity.
All members are encouraged to take an appropriate part in the spiritual and practical tasks involved in the furtherance of the charitable objectives. Relevant matters may be submitted to the Church meeting by the Trustees for guidance or may be raised by members in the Church meeting for further consideration by the Trustees. Though the Constitution permits decisions to be made at Church meetings by appropriate majorities, the Church seeks to work by consensus wherever possible.
Objectives and activities
Objectives
The principal purpose of the Charity is the advancement of the Christian faith according to the principles of the Baptist denomination to include the advancement of education, community service and such other general charitable purposes in such parts of the United Kingdom and the world as the Church shall determine.
Premises
The buildings consist of the church sanctuary, large and small halls, office and meeting rooms, together with a fully equipped kitchen and the usual facilities.
The building is disabled friendly with separate toilets for them.
The premises are in use 7 days a week with services on a Sunday and mid-week gatherings for prayer and Bible study. Groups also meet in private homes for Bible study.
The church hasa large garden used as a playground for the Playgroup who meet 4 mornings a week and for other events such as the Community Fun Day and for use by the local community. The ‘Hope Garden’, created during the Covid-19 pandemic as place for play and reflection has continued beyond its original time span.
Huntington's Disease Support Group uses the premises as do the Stroke Club, which utilise our premises following a decision a number of years ago whereby the NHS could no longer accommodate this worthy assistance to Stoke Victims within Queen Mary's Hospital. The church also holds a monthly Disabled Christians Fellowship.
A monthly club, ‘Something Crafty’, meets in the hall enabling people to try out various craft activities, at the same time building relationships through conversation.
The old vestry has continued to be used weekly by a Behavioural Therapist. The Halls have continued to be used by the local community for private children's parties. Various children and young people's groups meet for recreational activities with a 'God slot’.
One other group using the facilities on a monthly basis is the Older, Wiser, Livelier Seniors (OWLS) group for people aged 60 and above.
The church provides regular refreshments at many meetings and holds a monthly Community Lunch on the first Sunday of each month.
The hall is used as a polling station for local and national elections.
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Sidcup Baptist Church Trustees’ Annual Report (continued) Year ended 31 July 2023 i When in situ the minister and his/her family have use of the manse (church owned house) across the road from the church. The minister's post is currently vacant.
Achievements and performance
The Church does not measure the success of its programmes only in numbers, including financial numbers, but also, in less tangible areas like fellowship and encouragement. The Trustees recognise that these are difficult to measure but believe that despite the difficulties of not have a minister 2022/23 was a positive year in the life of the church, and that it will be able to pursue its mission purposes in 2023/24 with renewed enthusiasm.
We started the year with a deficit budget in our General Fund, which was a conscious decision we took as a church to meet our programme of proclaiming the Gospel through events, activities, mission and pastoral care.
The leadership team continue to meet monthly to deal with church matters. Church members meetings were also held both in person and via Zoom.
Leadership team report
During this period the membership of the diaconate changed substantially, with four of its seven members stepping down (including secretary and treasurer) and four new members joining. The new team worked to take up the various responsibilities of leadership as quickly as possible, mindful in particular of the importance of moving on positively from the church’s decision (by a narrow margin) not to call the pastoral candidate who had preached ‘with a view’ in April 2022. Recognising that the church profile had been written very much under the shadow of COVID restrictions, this was redrafted to bring it up to date, circulated to Members for comments and brought to an afternoon of Prayer and Vision in January. This afternoon was designed as a time for members of the congregation to come together and reflect on the past, present and future and to consider together who we hope to be as a church and what that means for what we are looking for in our next pastor.
Members of the diaconate subsequently met with two further pastoral candidates and invited both to preach. One subsequently withdrew because of progressing to ‘preach with a view’ at another church and the other preached at SBC in May 2023. Again an insufficient number of voting Members voted in favour of calling the candidate so we are continuing our search for a pastor. Our Regional Minister retired and her post has been filled by Rev Claire Nicholls, who continues to support SBC during the pastoral vacancy. As has been experienced by many churches, numbers attending Sunday services at SBC have not returned to preCOVID levels, and our membership numbers have also dropped. However, we no longer feel as though we are waiting to see what happens when COVID is over but are moving forward as the church we are now. A decision was taken by the Membership to invest in the necessary technology to improve the quality of our livestreams and to continue livestreaming our Sunday services, providing a means of reaching beyond our walls. As mentioned in the notes to last year’s report, a bring and share lunch in October 2022 was actively promoted to students at Rose Bruford, resulting in contact being made with the seven students who attended. Whilst that contact has not been maintained, it is an activity to repeat in the future. We have been fortunate to host a variety of visiting preachers alongside those amongst our own congregation who are gifted in preaching and in leading worship. Speakers have included representatives from Christian Resources in Bexley Schools (CRiBS), Compassion and a number of local churches. We also continue to benefit from the gifts of our musicians and worship group. The first Sunday of each month is a dedicated ‘all-age’ service, giving the children’s work leaders a break and enabling Community Lunch to be set up in the halls.
The SBC motto for 2023 is ‘Seek His presence continually’ (1 Chronicles 16:11b). We have tried to put this into practice and to prioritise opportunities for prayer, with a monthly prayer meeting on the first Wednesday of each month (in the evening) followed by a repeat of the same prayer theme/topics the next day in the morning, to enable
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Sidcup Baptist Church
Trustees' Annual Report (continued)
Year ended 31 July 2023
those who prefer not to go out in the evenings still to attend. Attendance at the Wednesday evenings has fluctuated but the Thursday attendance has been consistently low. A weekly prayer time on Zoom (on Tuesdays) continues. We have been sad to lose a number of Members: 3 who took the decision to transfer their membership elsewhere, and 4 who passed onto Glory. These were sad losses to family and friends as well as to SBC asa whole. We have been glad to welcome 5 new people into membership.
Pastoral care remains a priority but also a huge challenge, with many in our fellowship experiencing everincreasing health challenges. A decreasing number are now able to get out and about to make pastoral visits to others and there is also a shortage of people able to give lifts to others, to enable them to attend services. The prayer chain remains an important means of communication amongst the fellowship and is well used. House groups take responsibility for caring for their members and a small pastoral care team works hard to provide love and support to those not connected to a house group.
OWLS (Older, Wiser, Livelier Seniors) continues to provide a monthly social activity for over 60s. Something Crafty is a thriving outreach activity offering a varied range of craft activities once a month and facilitating the opportunity for relationship building whilst crafting alongside one another. Community lunches continue to draw in members of the local community to spend time in each other’s company whilst enjoying the Sunday lunch provided. A coronation tea was held in June instead of the lunch. In early July SBC hosted an evening Songs of Praise event in partnership with CRiBS. This was open to all the local churches and with participation from many, including our local MP. Over the last financial year, we have allocated 22.63% of out budgeted income to outside causes, including supporting Christopher and Katherine Savage in France and the Mahon family in Peru (our Baptist Missionary Society link missionaries).
Although various possible models for employing a youth worker have been explored (including partnering with CRiBS) we have not so far found someone to take on this role. In the meantime, our teams working with children and young people continues to provide Sunday and weekday activities for school-aged children and youth, with the Wednesday youth group having maintained its activities right through the disruption of COVID and Friday FROGs re-establishing itself strongly. Most of those attending the Wednesday and Friday groups are not from SBC families so these are a key part of our outreach and at the end of the 2021-22 school year it was good to see a number of children move from FROGs up to the youth group, nearly doubling its numbers.
We were very sad to reach the conclusion that our playgroup was no longer financially viable. The changing circumstances of families in the area has resulted in a big drop-off in demand for half day provision for playgroup age children so the decision was taken to close at the end of the Summer term, choosing this time of year in order to minimise disruption for children and families. Playgroup ran successfully for 52 years and positively impacted huge numbers of families in the local community. However, even whilst we have been sad to see the end of this era, we are looking ahead to new ways in which our premises can be used to reach others and serve the community.
Financial review
Total incoming resources amounted to £105,384. We praise God for the generosity of the members and congregation especially over this financial period.
Total resources used amounted to £106,512.
The total funds carried forward of £2,760,754.
Reserves policy
The church has a reserves policy, which ensures that the General Fund is able to ensure the cost of full-time ministry is available for a period of 6-9 months’ worth of expenditure. Other reserves held are in the Manse Fund held for future manse expenditure and the J. Prestige fund, a legacy designated for women and young people in relieving financial need and enabling people not to be hindered by 'need' from taking part in activities.
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Sidcup Baptist Church
Trustees' Annual Report (continued)
Year ended 31 July 2023 Ceeee ee eee ee ee
Plans for future periods
The Charity continue to support mission both within the Baptist denomination as well as other organisations such as Christian Resources in Bexley Schools (CRIBS), Lark In The Park (Sidcup) (LITP) as well as individuals on the mission field (Savages). F The Arh, by: trustees' annual report was approved on 4... yr anier Lod fend signed on behalf of the board of trustees (MS (Honorary Treasurer)
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Sidcup Baptist Church
Independent Examiner's Report to the Trustees of Sidcup Baptist Church
Year ended 31 July 2023
I report to the trustees on my examination of the financial statements of Sidcup Baptist Church (‘the charity') for the year ended 31 July 2023.
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
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:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the financial statements do not accord with those records; or
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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.
M Finnis ACA, ACCA Independent Examiner
Numeric House 98 Station Road Sidcup Kent DAI15 7BY
Date: \onvory YWeLYy
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Sidcup Baptist Church
Statement of Financial Activities
Year ended 31 July 2023
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Voluntary income | 4 | 95,643 | 3,922 | 99,565 | 96,286 |
| Charitable activities | 5 | 321 | 1,800 | 2,121 | 14,033 |
| Investment income | 6 | 2227 | 1,471 | 3,698 | 384 |
| OtherIncome (Manse rental) | - | - | - | 9,200 | |
| Total income | 98,191 | 7,193 | 105,384 | 119,903 | |
| Expenditure | |||||
| Expenditure on raising funds: | |||||
| Cost ofraising voluntary income | 7 | 31,823 | — | 31,823 | 14,402 |
| Costs ofother trading activities | 8 | 644 | ~ | 644 | 750 |
| Expenditure on charitable activities | 9,10 | 74,045 | ~ | 74,045 | 48,384 |
| Expenditure—refurbishment | : | - | - | . | |
| Total expenditure | 106,512 | - | 106,512 | 63,536 | |
| Net gains on investments | 11 | _ | 295,492 | 295,492 | 77,728 |
| Netincome | (8,321) | 302,685 | 294,364 | 134,095 | |
| Transfers between funds | (20) | 20 | ~ | - | |
| Netmovement in funds | (8,341) | 302,705 | 294,364 | 134,095 | |
| Reconciliation offunds | |||||
| Total funds brought forward | 149,249 | 2,317,141 | 2,466,390 | 2,332,295 | |
| Totalfundscarriedforward | 140,908 | 2,619,846 | 2,760,754 | 2,466,390 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 9 to 17 form part of these financial statements.
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Sidcup Baptist Church
Statement of Financial Position
31 July 2023
| 2023 | 2022 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 14 | 2,533,493 | 2,238,001 |
| Current assets | |||
| Debtors | 15 | 16,448 | 9,733 |
| Cash at bank and in hand | 210,813 | 218,521 | |
| 227,261 | 228,254 | ||
| Creditors: amounts falling due within one year | 16 | - | (135) |
| Net current assets | 227,261 | 228,389 | |
| Total assets less current liabilities | 2,760,754 | 2,466,390 | |
| Funds ofthe charity | |||
| Restricted funds | 2,619,846 | 2,317,141 | |
| Unrestricted funds | 140,908 | 149,249 | |
| Totalcharityfunds | 18 | 2,760,754 | 2,466,390 |
These financial statements were approved by the board of trustees and authorised for issue on Avi SR? Aeside...., and are signed on behalf of the board by: RB <= 9 (Honorary Treasurer)
The notes on pages 9 to 17 form part of these financial statements.
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Notes to the Financial Statements
Sidcup Baptist Church
Year ended 31 July 2023 eeEneee
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 167 Main Road Sidcup DA14 6PA.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland’, the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.
- Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
No judgements, estimates and assumptions are reported in the financial statements.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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legacy income is recognised when receipt is probable and entitlement is established.
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Sidcup Baptist Church
Notes to the Financial Statements (continued)
Year ended 31 July 2023
- Accounting policies (continued)
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
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: expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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: other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
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Sidcup Baptist Church
Notes to the Financial Statements (continued)
Year ended 31 July 2023
- Accounting policies (continued)
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
- Voluntary income
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 76,010 | _ | 76,010 |
| Booklet income | 165 | - | 165 |
| Gift aid | 19,468 | 1,162 | 20,630 |
| Legacies | |||
| Legacies | - | - | - |
| Gifts | |||
| Building Fund Gifts | - | 2,760 | 2,760 |
| 95,643 | 3,922 | 99,565 | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 76,087 | = | 76,087 |
| Booklet income | - | - | - |
| Gift aid | 16,774 | 685 | 17,459 |
| Legacies | |||
| Legacies | - | - | . |
| Gifts | |||
| Building Fund Gifts | - | 2,740 | 2,740 |
| 92,861 | 3,425 | 96,286 |
= fis
Sidcup Baptist Church
Notes to the Financial Statements (continued)
Year ended 31 July 2023
| 5. | Charitable activities | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2023 | ||||
| £ | £ | £ | ||||
| All otherincome | 1,079 | 1,800 | 2,879 | |||
| Community lunch | 762 | ~ | 762 | |||
| Donations from playgroup | (4,172) | - | (4,172) | |||
| Donationsby othergroups | 2,652 | - | 2,652 | |||
| 321 | 1,800 | 2171 | ||||
| Unrestricted | Restricted | TotalFunds | ||||
| Funds | Funds | 2022 | ||||
| £ | £ | £ | ||||
| All otherincome | 7,281 | - | 7,281 | |||
| Community lunch | 341 | aa | 341 | |||
| Donations fromplaygroup | 4,172 | - | 4,172 | |||
| Donations by othergroups | 2,239 | - | 2,239 | |||
| 14,033 | - | 14,033 | ||||
| 6. | Investment income | |||||
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2023 | ||||
| £ | £ | £ | ||||
| Interest received | 2,227 | 1,471 | 3,698 | |||
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2022 | ||||
| £ | £ | £ | ||||
| Interest received | 278 | 106 | 384 | |||
| 7. | Cost ofraising voluntary income | |||||
| Unrestricted | Total | Funds | Unrestricted | Total Funds | ||
| Funds | 2023 | Funds | 2022 | |||
| £ | £ | £ | £ | |||
| Pastorate salary and expenses | 12 | 12 | 4,377 | 4,377 | ||
| Manse expenses | 30,948 | 30,948 | 4,896 | 4,896 | ||
| Youth development | - | - | 1,279 | 1,279 | ||
| Visiting Speakerexpenses | 778 | 778 | 950 | 950 | ||
| Training & Courses | 85 | 85 | 600 | 600 | ||
| Photocopier Depreciation | - | - | 2,300 | 2,300 | ||
| 31,823 | 31,823 | 14,402 | 14,402 | |||
| 8. | Costs ofother trading activities | |||||
| Unrestricted | Total | Funds | Unrestricted | Total Funds | ||
| Funds | 2023 | Funds | 2022 | |||
| £ | £ | £ | £ | |||
| Playgrouppensioncosts(repaid) | 644 | 644 | 750 | 750 |
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Sidcup Baptist Church
Notes to the Financial Statements (continued)
Year ended 31 July 2023
9. Expenditure on charitable activities by fund type
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2023 | Funds | 2022 | |
| £ | £ | £ | £ | |
| Outreach | 390 | 390 | 328 | 328 |
| Community lunches | 1,644 | 1,644 | 493 | 493 |
| Fun day | - | - | - | - |
| Worship group | 30 | 30 | - | - |
| Otherministry costs | 547 | 547 | 290 | 290 |
| Church/hall light and heat | 5,033 | 5,033 | 4,728 | 4,728 |
| Church/hall water | 20,365 | 20,365 | 577 | 577 |
| Church/hall insurance | 2.225) | 2,227 | 2,018 | 2,018 |
| Church/hall cleaning | 6,223 | 6,223 | 6,810 | 6,810 |
| Church/hall repairs and maintenance | 704 | 704 | 1,330 | 1,330 |
| Equipment purchases and repairs | 2,200 | 2,200 | 306 | 306 |
| Church/hall alarm system | - | - | - | - |
| Church garden | 200 | 200 | 145 | 145 |
| Church office telephone | - | - | - | - |
| Church office broadband (package 2022) | 558 | 558 | 483 | 483 |
| Mobile | - | - | - | . |
| Printing and stationery | 157 | 157 | 154 | 154 |
| Photocopier costs | 1,236 | 1,236 | 1,210 | 1,210 |
| Subscriptions and licences | 3,460 | 3,460 | 2,836 | 2,836 |
| Health and safety | 1,069 | 1,069 | 1,125 | 1,125 |
| Social events | 336 | 336 | 178 | 178 |
| Other general expenses | 767 | 767 | 973 | 973 |
| Playgroup (repaid) | - | - | 5,000 | 5,000 |
| Youth group support | - | - | - | - |
| Fellowship support | 200 | 200 | 100 | 100 |
| Legacypayments | 640 | 640 | - | - |
| Equipment and furnishings | 7,410 | 7,410 | 500 | 500 |
| Building work | - | - | - | - |
| Charitable causes | 17,430 | 17,430 | 17,430 | 17,430 |
| Governance costs | 1,219 | 1,219 | 1,370 | 1,370 |
| 74,045 | 74,045 | 48,384 | 48,384 |
«3 =
Sidcup Baptist Church
Notes to the Financial Statements (continued)
Year ended 31 July 2023
10. Expenditure on charitable activities by activity type
| Activities | ||||
|---|---|---|---|---|
| undertaken | Total funds | Total fund | ||
| directly | Support costs | 2023 | 2022 | |
| £ | £ | £ | £ | |
| Outreach | 390 | ~ | 390 | 328 |
| Community lunches | 1,644 | - | 1,644 | 493 |
| Fun day | - | ~ | = | - |
| Worship group | 30 | - | 30 | - |
| Other ministry costs | 547 | - | 547 | 290 |
| Church/hall light and heat | 5,033 | ~ | 5,033 | 4,728 |
| Church/hall water | 20,365 | ~ | 20,365 | aT |
| Church/hall insurance | 2.227 | _ | 2.227 | 2,018 |
| Church/hall cleaning | 6,223 | ~ | 6,223 | 6,810 |
| Church/hall repairs and maintenance | 704 | - | 704 | 1,330 |
| Equipment purchases and repairs | 2,200 | - | 2,200 | 306 |
| Church/hall alarm system | - | - | - | - |
| Church garden | 200 | ~ | 200 | 145 |
| Church office telephone and broadband | 558 | - | 558 | 483 |
| Mobilephone | - | - | - | - |
| Printing and stationery | 157 | - | 157 | 154 |
| Photocopier costs | 1,236 | ~ | 1,236 | 1,210 |
| Subscriptions and licences | 3,460 | _ | 3,460 | 2,836 |
| Health and safety | 1,069 | ~ | 1,069 | 1125 |
| Social events | 336 | ~ | 336 | 178 |
| Other general expenses | 767 | - | 767 | 973 |
| Playgroup (repaid) | - | - | 5 | 5,000 |
| Youth group support | - | - | - | - |
| Fellowship support | 200 | - | 200 | 100 |
| Legacypayments | 640 | ~ | 640 | - |
| Equipment and furnishings | 7,410 | - | 7,410 | 500 |
| Building work | - | - | - | - |
| Charitable causes | 17,430 | ~ | 17,430 | 17,430 |
| Governance costs | - | 1,219 | 1,219 | 1,370 |
| 72,826 | 1,219 | 74,045 | 48,384 |
11. Net gains on investments
| Restricted | Total Funds | Restricted | Total Funds | ||||
|---|---|---|---|---|---|---|---|
| Funds | 2023 | Funds | 2022 | ||||
| £ | £ | £ | £ | ||||
| Unrealised | Gains/(losses) | on | investment | ||||
| property | 295,492 | 295,492 | 77,728 | 77,728 |
ad.
Sidcup Baptist Church
Notes to the Financial Statements (continued)
Year ended 31 July 2023
12. Staff costs
| The total staffcosts and employee benefits for the reporting period are analysed as follows: | The total staffcosts and employee benefits for the reporting period are analysed as follows: | |
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Wages and salaries | 6,223 | 8,089 |
| Social security costs | - | - |
| Employer contributions topension plans | 12 | 12 |
| 6,235 | 8,101 |
The average head count of employees during the year was 3 (2022: 3).
No employee received employee benefits of more than £60,000 during the year (2022: Nil).
13. Trustee remuneration and expenses
No trustees have been paid remuneration from employment with the charity.
14. Tangible fixed assets
| Church | Manse | |||
|---|---|---|---|---|
| building | building | Equipment | Total | |
| £ | £ | £ | £ | |
| Cost | ||||
| At 1 August 2022 | 1,910,581 | 327,420 | - | 2,238,001 |
| Revaluations | 238,848 | 56,644 | _ | 295,492 |
| At31 July 2023 | 2,149,429 | 384,064 | - | 2,533,493 |
| Depreciation | ||||
| At 1 August 2022 and 31 July 2023 | ~ | - | - | - |
| Carrying amount | ||||
| At 31 July 2023 | 2,149,429 | 384,064 | . | 2,533,493 |
| At31July2022 | 1,910,581 | 327,420 | - | 2,238,001 |
The freehold properties are revalued by the Trustees on an annual basis every September for Insurance purposes. These revaluations are reflected each year in the above figures
15. Debtors
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Prepayments and accrued income | 16,448 | 9,733 |
| Other debtors | : | a |
| 16,448 | 9,733 |
2 [5s
Sidcup Baptist Church
Notes to the Financial Statements (continued)
Year ended 31 July 2023
16. Creditors: amounts falling due within one year
Other creditors
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| - | (135) |
17. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £12 (2022: £4,377).
18. Analysis of charitable funds
Unrestricted funds
| At | Gains | and | At | ||||
|---|---|---|---|---|---|---|---|
| 1 Aug 2022 | Income | Expenditure | Transfers | losses | 31 Jul2023 | ||
| £ | £ | £ | £ | £ | £ | ||
| General funds | 67,987 | 95,965 | (106,512) | (20) | ~ | 57,420 | |
| Manse deposit | 2,300 | - | - | - | 2,300 | ||
| Building deposit | - | - | - | - | - | - | |
| General deposit | 78,962 | 2,226 | os | ~ | - | 81,188 | |
| 149,249 | 98,191 | (106,512) | (20) | - | 140,908 | ||
| At | Gains | and | At | ||||
| 1 Aug 2021 | Income | Expenditure | Transfers | losses | 31 Jul 2022 | ||
| £ | Ep | £ | £ | Ss | £ | ||
| General funds | 24,631 | 116,093 | (63,537) | (9,200) | - | 67,987 | |
| Manse deposit | 2,300 | - | - | - | - | 2,300 | |
| Building deposit | - | - | - | - | - | - | |
| General deposit | 78,683 | 279 | - | - | - | 78,962 | |
| 105,614 | 116,372 | (63,537) | (9,200) | ~ | 149,249 |
- 16 -
Sidcup Baptist Church
Notes to the Financial Statements (continued)
Year ended 31 July 2023
18. Analysis of charitable funds (continued)
| Restricted funds | |||||||
|---|---|---|---|---|---|---|---|
| At | Gains and | At | |||||
| 1 Aug 2022 | Income | Expenditure | Transfers | losses | 31 Jul 2023 | ||
| £ | £ | £ | £ | & | £ | ||
| General account | 30 | 600 | - | - | 630 | ||
| Buildings fund | 45,676 | 4,370 | - | - | - | 50,046 | |
| Church building | 1,910,783 | - | _ | - | 238,848 | 2,149,631 | |
| Manse account | 20,866 | 1,872 | - | - | ~ | 22,738 | |
| Manse building | 327,421 | - | ~ | - | 56,644 | 384,065 | |
| Janet Prestidge | |||||||
| legacy | 12,365 | 351 | = | 20 | ~ | 12,736 | |
| 2,317,141 | 7,193 | - | 20 | 295,492 | 2,619,846 | ||
| At | Gains and | At | |||||
| 1 Aug 2021 | Income | Expenditure | Transfers | losses | 31 Jul 2022 | ||
| £ | 9 | £ | & | £ | £ | ||
| General account | |||||||
| Buildings fund | 42,237 | 3,439 | ~ | - | - | 45,676 | |
| Church building | 1,841,039 | - | = | - | 69,744 | 1,910,783 | |
| Holding account | . | - | - | - | - | - | |
| Manse account | 11,617 | 49 | - | 9,200 | ~ | 20,866 | |
| Manse building | |||||||
| 319,437 | - | - | - | 7,984 | 327,421 | ||
| Janet Prestidge | |||||||
| legacy | 12,321 | 44 | ~ | - | - | 12,365 | |
| 2,226,681 | 3,532 | - | 9,200 | 77,728 | 2,317,141 | ||
| Analysis ofnet assets between | funds | ||||||
| Unrestricted | Restricted | TotalFunds | |||||
| Funds | Funds | 2023 | |||||
| £ | £ | £ | |||||
| Tangible fixed assets | . | 2,533,493 | 2,533,493 | ||||
| Current assets | 140,908 | 86,353 | 227,261 | ||||
| Creditors less than 1 year | - | - | - | ||||
| Net assets | 140,908 | 2,619,846 | 2,760,754 | ||||
| Unrestricted | Restricted | Total Funds | |||||
| Funds | Funds | 2022 | |||||
| £ | £ | £ | |||||
| Tangible fixed assets | 2,300 | 2,235,701 | 2,238,001 | ||||
| Current assets | 146,949 | 81,440 | 228,389 | ||||
| Creditors less than 1 year | - | - | - | ||||
| Netassets | 149,249 | 2,317,141 | 2,466,390 |
19. Analysis of net assets between funds
= T =