Trustees Annual Report and Financial Statements for the year ended 31 December 2022
Market Street, Mildenhall, Suffolk IP28 7EF
Registered Charity No: 1130724 www.kcm.church
Our Purpose, Governance, Structure and Management
Our Purpose
The Charity is governed by a Constitution which states that 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.
The Church occupies premises which are held by the Baptist Union Corporation Ltd, on Trusts which are entirely compatible with the above object.
work and witness, and the financial and legal aspects of the charity.
Our Structure and Management
Members of the Church are accepted in accordance with the Constitution which requires them to be or to have been baptised on the profession of faith in Jesus Christ.
The members meeting normally takes place four times per year and has responsibility for the overall policy of the church. All members are encouraged to take an appropriate part in the spiritual and practical tasks involved in the furtherance of the charitable purpose.
Our Governance
King’s Church Mildenhall is governed by Trustees, which in accordance with the Constitution are appointed by the Members of the Church. The Trustees are collectively known as the Leadership, and their meetings are chaired by the Pastor (or the Associate Pastor) of the Church. The Trustees are responsible for the day to day running of the church’s
Relevant matters may be submitted to the Church meeting by the Trustees for guidance, or may be raised by members in 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.
Our Objectives and Activities
In order to achieve our principal purpose which is set out above, the Church provides a variety of activities both to its membership and to the community generally. The aim is to show the love of Jesus Christ in both word and deed and to bring people into a closer relationship with Him as living Lord.
Central to the work and witness of the Church is the provision of regular public services of Christian worship. We hold our service each Sunday commencing at 10.30am. There is a full children's programme during the service which includes Sunday Youth Ministry and a Crèche. The church seeks to be a friendly and welcoming community and anybody is free to attend any of our services. From time to time we also hold a Sunday evening service entitled ‘Oasis’. This is generally a more reflective service with time for quiet worship and prayer.
As ‘Churches Together’ with the Anglican, Methodist
and St John’s RC churches in the town we meet once per month to pray together on Saturday mornings and hold occasional joint evening services.
The Church runs a series of Connect groups for the growth of faith and discipleship in the homes of some members. Further details of the Connect groups as well as details of all the other activities that are held in the church each week are available to view of the church website. Occasionally the Church runs free courses for people interested in discovering more about Christianity entitled "Alpha” and/or “Christianity Explored” as well as courses for those who are already Christians entitled “Freedom in Christ”.
The Church runs a weekly Youth Café for young people as well as a weekly Toddler Group with the purpose of assisting the community and demonstrating the love of Jesus Christ.
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Our Objectives and Activities (continued)
On Wednesdays we run a Lunch Club with the aim of encouraging people in the town to meet and to enjoy lunch and enjoy activities together, including trips out. Our aim is to reach older lonely people, although the lunch club is open to all.
A coffee morning is held every Friday during market day when the church is open for the public to come in and have tea, biscuits and a chat.
‘King’s Project’ is a shop in the town that we open on Monday and Friday mornings from 10am to 12 noon.
This is a community support facility that provides a free emergency foodbank (food only available using a voucher scheme).
From the same building upstairs called ‘King’s House’ we run a Pastoral care team (by appointment only) and access to CMA Connect @ King’s. CMA Connect @ King’s offers confidential, impartial free money advice and debt help to the local community in Mildenhall and the surrounding area. CMA @ King’s is run in partnership with Community Money Advice.
Our Achievements and Performance
During 2022 the highlights included:
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Since Covid we have seen our Lunch Club steadily increase in number and we have almost reached capacity for the number of people we can serve at our premises.
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In November we hosted a ‘Pulse’ youth mission with Newmarket Youth for Christ with special guest J Vessel, a Christian hiphop/rapper. Classes were held at Mildenhall College Academy (MCA) and a concert was held on Thursday evening at the Jubilee Centre in Mildenhall. The concert was attended by about seventy young people from Mildenhall and the surrounding area and towards the end of the concert around twenty young people responded to make a commitment to Jesus Christ.
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During the latter part of the year the Youth Café moved from running every month to every week and has been the ‘follow up’ to the Pulse mission. As a result we now see many young people attend from Mildenhall and the surrounding villages every week.
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In the run up to Christmas ‘Merry Mildenhall’ is held in the town on the 1[st] Thursday in December. As in previous years we opened the church to provide hot chocolate and mince pies, face painting, a photo booth (with
instant print out) and Christmas crafts, all free of charge. During the evening we welcomed a few hundred people into the church, many for the first time.
- Our community outreach of foodbank and debt help service continues to help many people in the area who are struggling to put food on the table or to make ends meet.
Our main challenge for 2023 and beyond
We continue to seek God for provision of finances and larger premises to enable our ministries to continue to grow to help the wider community of Mildenhall.
Public benefit:
Having regard to the Charity Commission’s guidance on public benefit, all of our activities are freely open to anyone that would like to attend. We provide a benefit to the public through:
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The provision of worship services and church buildings.
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Provision of a Food Bank, Pastoral care and debt help to the community.
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Contributing to the spiritual and moral education of children and young people (preschool, pre-teen and teen).
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Providing comfort to the bereaved and less able.
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Our Risk Assessment, Child Protection and Vulnerable Adults Policies
The Trustees have assessed the major risks facing the church and are satisfied that there are policies in place to minimise these risks in conjunction with our Health & Safety Policy. The Church operates
systems to ensure that all people working with children and adults at risk are appropriately vetted with regard to the Disclosure and Barring Service (DBS) and have appropriate Safeguarding training.
Our Finances
Financial Review
The Church continues to raise all the funds which it needs to carry on its activities from within its own membership and congregation. No wider public appeal was made for funds during the year.
The Church had a surplus for the year of £2,463 (2021 deficit of £18,123). Since Covid we have seen freewill offerings increase by 12% compared to 2021 and expenditure has reduced by 6% compared to 2021.
The Church expressed its part in the life of the wider church by making regular donations to national and international Christian organisations and societies with Christian aims and objectives compatible with the church's own charitable purpose. During 2022 the Church donated 13% of its annual offerings to other charities (2021 16%).
The Church is heavily dependent on its membership working as volunteers in all aspects of the church's activities, many of which run with little or no impact on the church's expenditure, but nevertheless contribute substantially to the achievement of the church's objectives. Indeed, the Church could not operate without these volunteers.
The financial results for the year, together with a summary of the accounting policies adopted are set out in the accompanying financial statements.
Reserves Policy
The Trustees have established a Reserves Policy, and are satisfied that they have sufficient reserves at the Statement of Financial Position date, together with on-going income anticipated, to enable the church to function effectively in the coming year.
Trustees Responsibilities
The Trustees are responsible for preparing the Trustees' Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the church and of the incoming resources and application of resources of the church for that year. In preparing these accounts, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts; and
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prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the Church and enable them to ensure that the accounts comply with the Charities Act 2011, the applicable Charity (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.
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Statement of Financial Activities
for the year ended 31 December 2022
| Note Income and endowments from Donations and legacies 2 Income from investments 3 Total income and endowments Expenditure on Raising funds Charitable activities 4 Other expenditure Total Resources Expended Net income (expenditure) Transfers between funds Net movement in Funds Total Funds brought forward Total Funds carried forward |
Unrestricted Funds Total General Designated 2022 £ £ £ 109,878 5,642 115,520 24,630 - 24,630 134,508 5,642 140,150 - - - 132,045 5,642 137,687 - - - 132,045 5,642 137,687 2,463 - 2,463 - - - 2,463 - 2,463 223,544 - 223,544 226,007 - 226,007 |
Total 2021 £ 107,609 20,232 |
|---|---|---|
| 127,841 - 145,964 - |
||
| 145,964 (18,123) - (18,123) 241,667 |
||
| 223,544 |
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Statement of Financial Position
as at 31 December 2022
| Note Tangible Fixed Assets 5 Current Assets Bank and cash balances 6 Current Liabilities Creditors: amounts falling due within one year 7 Net Current Assets Creditors: amounts falling due after more than one year 8 Provisions for liabilities 9 Net Assets Charitable Funds Unrestricted General Funds Revaluation Reserve 10 Pension Reserve 11 |
2022 £ £ 2,413,280 226,007 - 226,007 - - 2,639,287 226,007 2,413,280 - 2,639,287 |
2021 £ £ 2,141,058 223,544 - 223,544 - (38,300) 2,326,302 223,544 2,141,058 (38,300) 2,326,302 |
2021 £ £ 2,141,058 223,544 - 223,544 - (38,300) 2,326,302 223,544 2,141,058 (38,300) 2,326,302 |
|---|---|---|---|
| 2,326,302 | |||
| 223,544 2,141,058 (38,300) |
|||
| 2,326,302 |
The Annual Report and Financial Statements for the year ended 31 December 2022 were approved by the Trustees on 8 February 2023 and signed on their behalf by
Mr G Matthews (Treasurer)
The Notes on pages 7 to 12 form part of these Financial Statements.
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Notes to the Accounts
1 Accounting Policies
a Basis of preparation
The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice ‘Accounting and Reporting by Charities’ (FRS 102) and the Charities Act 2011.
b Fund Accounting
Unrestricted funds are available for use at the discretion of the church in furtherance of its charitable objectives.
c Donations
- Donations are accounted for gross when received or certain it will be received.
d Legacies
- Legacies are accounted for when their receipt is certain and can be properly quantified.
e Investment income
- Investment income is included in the accounts in the year in which it is receivable.
f Fund raising and publicity costs
The church does not make formal appeals for funds, and expenditure on these items is therefore not material.
g Grants payable
The church makes grants to other organisations whose charitable objects complement its work. They are accounted for in the year in which they are paid.
h Grants receivable
The church receives grants from other organisations. They are accounted for in the year in which they are received.
i Fixed Assets
Land and buildings are included in the Statement of Financial Position 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 for the user of the accounts.
All other fixed assets are written off to the Statement of Financial Activities in the year of expenditure and no items are depreciated.
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Notes to the Accounts (continued)
| 2 Donations and legacies Foodbank donations West Suffolk Foodbank grant Gift Aid Tax refunds Vision Fund Legacies Youth Café Grant Coronavirus Job Retention Scheme Offerings Other gifts/income received 3 Income from investments Bank interest Baptist Union Deposit interest Property rental income 4 Expenditure on Charitable activities Ministry Church premises expenses 4 King Street expenses Manse expenses Grants payable to other charities General church administration Other expenses Activities of church groups 5 Tangible fixed assets Valuation At 1 January 2022 Revaluation At 31 December 2022 |
Unrestricted Funds Total General Designated 2022 £ £ £ - 3,873 3,873 - - - 10,816 - 10,816 - - - - - - - 900 900 - - - 98,428 - 98,428 634 869 1,503 |
Total 2021 £ 2,438 700 12,376 140 1,000 - 1,000 87,580 2,375 |
|---|---|---|
| 109,878 5,642 115,520 8 - 8 3,632 - 3,632 20,990 - 20,990 24,630 - 24,630 67,370 - 67,370 11,136 - 11,136 5,396 3,873 9,269 23,200 - 23,200 11,884 869 12,753 6,448 - 6,448 6,130 - 6,130 481 900 1,381 132,045 5,642 137,687 Church 4 King Street Building Manse Building & Contents Building & Contents 1,581,748 208,800 350,510 197,739 23,800 50,683 1,779,487 232,600 401,193 |
107,609 3 919 19,310 |
|
| 20,232 70,633 12,058 10,435 22,413 13,851 6,535 9,318 721 |
||
| 145,964 Total 2,141,058 272,222 |
||
| 2,413,280 |
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Notes to the Accounts (continued)
| 2022 6 Bank balances Unrestricted funds Lloyds Current account 4,487 Lloyds Deposit account 16,286 Baptist Union Deposit account 205,234 226,007 7 Current liabilities: Amounts falling due within 1 year - 8 Current liabilities: Amounts falling due after more than 1 year - 9 Provisions for liabilities Pension deficit recovery payments - - 10 Revaluation reserve At 1 January 2022 2,141,058 Revaluation 272,222 At 31 December 2022 2,413,280 11 Pension reserve At 1 January 2022 38,300 Revaluation (38,300) At 31 December 2022 - 12 Staff costs and Trustees expenses Wages & Salaries 62,885 Social security costs 930 Pension costs 11,892 Other costs 4,332 80,039 The average number of employees during the year was 5 (2010 5). No employee received emoluments in excess of £60,000 during the year (2021 none). |
2021 3,664 18,278 201,602 |
|---|---|
| 223,544 - - 38,300 |
|
| 38,300 2,047,428 93,630 |
|
| 2,141,058 48,298 (9,998) |
|
| 38,300 62,288 849 15,148 4,913 |
|
| 83,198 |
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Notes to the Accounts (continued)
13 Staff costs and Trustees expenses (continued)
Two Trustees, who are also employees, lived in housing on a leaseback agreement with the church.
No sums were reimbursed to the Trustees for their work as Trustees (2021 none).
14 Related Charities
The custodian Trustee of the church is the Baptist Union Corporation Limited which is charity number 249635, and which is controlled by the Baptist Union Council. The church is also a member of the Baptist Union of Great Britain, and the Eastern Baptist Association.
15 Pensions
On 30th June 2022 the Baptist Pension Scheme signed an agreement with the insurance company Just Group (“Just”) to secure DB Plan members’ pension benefits. Just are now providing financial backing for all pensions provided through the Scheme’s DB Plan and following this transaction, the Scheme no longer has a shortfall. An updated Recovery plan was then signed in August 2022 under which recovery contributions from each participating employer in the DB Plan reduced to £1 per month from August 2022.
16 Trustee and related party donations
Aggregate donations, excluding Gift Aid tax refund, of £24,682 were received by the charity from Trustees and their spouses (2021 - £25,941).
17 Summaries of accounts of other church organisations
| Balance 1 January 2022 Receipts Payments Balance 31 December 2022 |
Coffee Communion Lunch Morning Fund Club 724 432 1,402 225 - 5,984 (129) (184) (5,747) |
|---|---|
| 820 248 1,639 |
These accounts are not administered by the Church Treasurer and not examined by the Independent Examiner.
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Independent Examiner’s Report to the Trustees and Members of King’s Church Mildenhall
I report on the Financial Statements of King’s Church Mildenhall for the year ended 31 December 2022 which are set out on pages 5 to 9.
Respective responsibilities
The church is responsible for the preparation of the financial accounts and considers that the audit requirement of Section 144(2) of the Charities Act 2011 (the Act) does not apply. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under Section 145 (5)(b) of the Act, whether particular matters have come to my attention.
Basis of Independent Examiner's report
My examination was carried out in accordance with the General Directions of the Charity Commissioners. An examination includes a review of the accounting records kept by the church and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the financial statements.
Independent Examiner's statement
In connection with my examination of the church funds, nothing came to my attention which gave me cause to believe otherwise than that the financial statements accord with the accounting records of the church, and that those records satisfied the requirements of the Act. I am not aware of any matter to which attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
Mrs S Smyth 1 March 2023
Reference and Administrative Details
Charity name
King’s Church Mildenhall
Charity number
1130724
Registered office
King’s Church Mildenhall Market Street, Mildenhall Suffolk IP28 7EF
Trustees
Rev T Bright (Associate Pastor) Mr D Chambers Rev P Finnis (Lay Pastor) Mrs S Giddings Mr M Green Mr T James Mr G Matthews (Treasurer) Rev C Morehouse (Pastor) Mrs A Quin Mr G Slack
Property Trustees
The Baptist Union Corporation Ltd Baptist House, 129 Broadway Didcot, Oxfordshire OX11 8RT
Independent examiner
Mrs S Smyth
Bankers
Lloyds Bank plc 48 High Street, Newmarket, CB8 8LF
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