REGISTERED CHARITY NUMBER: 1131915
Report of the Trustees and Financial Statements for the Year Ended 31 December 2020 for Balham Baptist Church
Balham Baptist Church
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
| Page | |
|---|---|
| Report of the Trustees | 3 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 |
| Detailed Statement of Financial Activities | 12 |
2
Balham Baptist Church
TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020
The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
REFERENCE AND ADMINISTRATION DETAILS
Charity name
Balham Baptist Church
Registered Charity number
1131915
Principal address
21 Ramsden Road Balham London SW12 8QX
Trustees
Rev Jim Sutton, Chair – Minister Rev Steve Rouse – Minister Ms Maria Brown – Light Team member Mrs Christine Julian-Huxley – Light Team member Mr Ogemdi Ekwegh – Light Team member Mrs Emma Ekwegh – Treasurer (to September 2020)
Independent Examiner
Jackie Wellington 13 Lancing Road Orpington Kent BR6 0QS
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity. Trustees are elected from membership.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
3
Balham Baptist Church
OBJECTIVES AND ACTIVITIES, ACHIEVEMENTS AND PERFORMANCE
Balham Baptist Church’s core values:
we are L ed by God and seek to point others towards him;
we I nvest in one anonther;
we are a diverse F amily;
we E quip each other for our frontlines.
Main activities and achievements
The trustees have had regard to the guidance on public benefit issued by the Charity Commission when exercising any powers or duties to which the guidance would be relevant.
In 2020 our focus as a community has been Matthew 28:18-20 with Jesus’ promise to us that “Surely I will be with you always and everywhere” – we didn’t realise how appropriate this would be moving into an incredibly challenging year where we would be forced to go to unknown places and circumstances due to the Covid-19 pandemic.
In the early part of 2020 we continued in our usual rhythms with our buildings being a community hub to invest time and energy in our community as well as connecting the groups within our buildings together for mutual support and encouragement. This all was naturally alongside our Sunday worship as a church, helping draw others towards God and journeying together to support each other in our everyday lives.
Obviously due to Covid-19 from March 2020 onwards the year looked very different to how we had planned or expected in the very early stages of the year. Usual programmes, new initiatives and the rest that had previously been in the calendar were cancelled, as well as all the groups using the buildings ceasing to meet during periods of lockdown – including the worshipping church community.
Naturally it has been a year fraught with difficulty in trying to maintain contact and support with a disparate crowd of people across SW London, with a range of situations, backgrounds, support networks, personalities and the rest. As a church, lockdown periods forced us to explore and learn new technologies, with our weekly worship moving online to both YouTube and Zoom. This, despite the steep learning curves, inevitable technical gremlins and other frustrations, actually enabled a large part of our church community to stay connected in challenging times as well as helping reach a wider group of people. For those who were not online we produced a weekly postal letter to ensure people were kept in the loop and didn’t feel forgotten or that they would be missing out. We have learnt much that has now become part of our ongoing practices and communications.
The lockdown restrictions limited the work of Dew Drop Inn providing a lunch club and support group for the elderly and vulnerable – however where there have been opportunities to run physical gatherings within Covid guidelines we have tried our best to make the most of them.
Due to Covid guidelines our buildings have been unable to host the large number of community groups and local businesses at times throughout the year. There have however been windows of opportunity between lockdowns where we have enabled those groups to meet, providing much needed income and connection for them. It has been our privilege to maintain our flexibility in order to support them in this way in challenging circumstances.
4
Balham Baptist Church
As a church we have continued to invest financially by donating to BMS World Mission, Baptist Union Home Mission, Ella's, Street Pastors and Way4Ward. Other donations for 2020 included City Kids Surfing.
As a fellowship we enjoy connecting with a diverse group of people each week from a wide range of backgrounds, age groups and worldviews, and journeying together whether on-line or in-house (as Covid guidelines permit) as disciples of Jesus. Our LifeGroups also continue to be a strong part of our church community in terms of helping people connect and support one another in their day-to-day lives.
We continue to be focused on bringing life to all those we interact with and partner with, whether a part of our worshipping church community, those who interact with our buildings, the wider Balham area, and all the places we as individuals find ourselves during the week.
FINANCIAL REVIEW
The trustees do not have a reserves policy.
STATEMENT OF TRUSTEES RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements 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, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charity SORP;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 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.
DECLARATION
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Jim Sutton Chair, Minister - 25 October 2021
5
Balham Baptlst Church INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BALHAM BAPnST CHURCH I report on the accounts for the year ended 31 December 2020 set out on pages7t011. Respectlve responslbllltles of trustees and examlner The charity's trustees are responsible for the preparation of the accounts. The charivs trustees consider that an audit Is not required for this year under sectlon 144 of the Charities Act 2011 (the Charities Act) and that an Independent examlnatlon Is needed. It is my responsibility to: examine the accounts under sertion 145 of the Charities Act, to follow the procedures laid down in the general Dirertions given by the Charity Commisslon {under settion 14515llbl of the Charities Att. and to state whether particular matters have come to my attention. Basls of Independent examirt¢es ststement My examlnation was carried out in accordance with general Directions given by the Charity Commission. An examination indudes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual Items or disclosu$ in the accounts. and seeking explanations from the trustees concerning any suth matters. The procedures undertaken do not provide all the evldence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fai view and the report is limited to those matters set out in the statement below. Independent examlner's ststement In connection with my examination, no matter has come to my attention l. which Bives me reasonable cause to believe that in, any material respect, the requirements: to keep accounting records in accordance with section 130 of the Charities Act.. and to prepare accounts whlch accord wlth the accountlng records and comply wlth the accounting reqU1MentS of the Charities Act have not been meL' or 2. to which, in my opinion. attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed Jackle Wellin8ton Chartered Accountant 13 Lancing Road Orpington Kent BR6 OQS 25 October 2021
Balham Baptist Church
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020
| Unrestricted | Restricted | 2020 | 2019 | |
|---|---|---|---|---|
| Notes | funds | fund | Total funds | Total funds |
| INCOMING RESOURCES | ||||
| Incoming resources from generated funds | ||||
| Voluntary income | 228,734 | - | 228,734 | 302,278 |
| Investment income | 341 | - | 341 | 597 |
| 229,075 | - | 229,075 | 302,875 | |
| RESOURCES EXPENDED | ||||
| Charitable activities | ||||
| Resources Expended on Charitable Activities | 163,774 | - | 163,774 | 157,965 |
| Support costs | 89,859 | - | 89,859 | 118,301 |
| Governance costs | 7,736 | - | 7,736 | 10,094 |
| 261,369 | - | 261,369 | 286,360 | |
| NET INCOMING/(OUTGOING) RESOURCES | (32,294) | - | (32,294) | 16,515 |
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 1,960,817 | 73,023 | 2,033,840 | 2,017,325 |
| TOTAL FUNDS CARRIED FORWARD | 1,928,523 | 73,023 | 2,015,546 | 2,033,840 |
7
Balham Baptist Church
BALANCE SHEET AT 31 DECEMBER 2020
| BALANCE SHEET AT 31ALANCE SHEET AT 31SHEET AT 31HEET AT 3131 DECEMBER 2020ECEMBER 2020 | DECEMBER 2020ECEMBER 20202020 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | 2020 | 2019 | ||
| Notes | funds | fund | Total funds Total funds | Total funds Total funds | |
| FIXED ASSETS | |||||
| Tangible assets | 5 | 1,665,514 | 73,023 | 1,738,537 | 1,753,228 |
| 1,665,514 | 73,023 | 1,738,537 | 1,753,228 | ||
| CURRENT ASSETS | |||||
| Cash in hand | 263,759 | - | 263,759 | 281,362 | |
| CREDITORS | |||||
| Amounts falling due within one year | Amounts falling due within one year 6 |
(750) | - | (750) | (750) |
| NET CURRENT ASSETS | 263,009 | - | 263,009 | 280,612 | |
| TOTAL ASSETS LESS CURRENT LIABILITIES | 1,928,523 | 73,023 | 2,001,546 | 2,033,840 | |
| NET ASSETS | 1,928,523 | 73,023 | 2,001,546 | 2,033,840 | |
| FUNDS | 7 | ||||
| Unrestricted funds | 1,928,523 | 1,960,817 | |||
| Restricted fund | 73,023 | 73,023 | |||
| TOTAL FUNDS | 2,001,546 | 2,033,840 |
The financial statements are approved by the Board of Trustees and are signed on its behalf by:
Jim Sutton Chair, Minister 25 October 2021
8
Balham Baptist Church
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
1. BASIS OF PREPARATION
The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
2. ACCOUNTING POLICIES
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
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.
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019.
9
Balham Baptist Church
4. STAFF COSTS
| 4. STAFF COSTS | ||
|---|---|---|
| 2020 | 2019 | |
| £ | £ | |
| Wages and salaries | 110,531 | 98,058 |
| Employer’s National Insurance costs | 2,033 | 1,951 |
| Employer’s contribution to pension schemes | 10,845 | 10,977 |
| 123,409 | 110,986 | |
| The average monthly number of employees during the year was as follows: | ||
| 2020 | 2019 | |
| 8 | 7 | |
| No employees received emoluments in excess of £60,000. |
5. TANGIBLE FIXED ASSETS
| 5. TANGIBLE FIXED ASSETS | |
|---|---|
| Freehold | |
| property | |
| £ | |
| Cost | |
| At 1 January 2020 | 2,069,747 |
| At 31 December 2020 | 2,096,996 |
| Depreciation | |
| At 1 January 2013 | 33,500 |
| At 1 January 2014 | 39,747 |
| At 1 January 2015 | 39,747 |
| At 1 January 2016 | 40,013 |
| At 1 January 2017 | 40,013 |
| At 1 January 2018 | 40,934 |
| At 1 January 2019 | 41,170 |
| At 1 January 2020 | 41,395 |
| Charge for year | 41,940 |
| At 31 December 2020 | 358,459 |
| Net book value | |
| At 31 December 2020 | 1,738,537 |
| At 31 December 2019 | 1,753,228 |
10
Balham Baptist Church
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| The Turtle Trust/ The John Bradford Trust | 750 | 750 |
| 750 | 750 |
7. MOVEMENT IN FUNDS
| 7. MOVEMENT IN FUNDS | |||
|---|---|---|---|
| Net | |||
| movement | |||
| At 1/1/20 | in funds | At 31/12/20 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 1,960,817 | (32,294) | 1,928,523 |
| Endowment fund | 0 | - | 0 |
| 1,960,817 | (32,294) | 1,928,523 | |
| Restricted funds | |||
| Restricted | 73,023 | - | 73,023 |
| TOTAL FUNDS | 2,033,840 | (32,294) | 2,001,546 |
| Net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 229,075 | 261,369 | (32,294) |
| Endowment fund | 0 | 0 | - |
| TOTAL FUNDS | 229,075 | 261,369 | (32,294) |
11
Balham Baptist Church
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020
| 2020 | 2019 | |
|---|---|---|
| INCOMING RESOURCES | £ | £ |
| Voluntary income | ||
| Weekly Offerings | 62,203 | 74,122 |
| Donations to Building Project | - | 6,007 |
| Gift aid | 15,143 | 16,374 |
| Lettings Income | 128,985 | 194,504 |
| Government Grants | 14,006 | - |
| Other Income | 3,559 | 5,594 |
| Legacies/Gifts | 1,050 | 300 |
| Donations to Church Activities | 3,788 | 5,377 |
| 228,734 | 302,278 | |
| Investment income | ||
| Interest on savings | 341 | 597 |
| 341 | 597 | |
| Total incoming resources | 229,075 | 302,875 |
| RESOURCES EXPENDED | ||
| Charitable activities | ||
| Ministers' Stipends (incl Housing allowance) | 64,539 | 55,960 |
| Youth Workers Salary | - | - |
| Other Staff Salaries | 45,992 | 40,098 |
| Employer's NI and Pensions (incl Deficit contribution) | 12,878 | 12,928 |
| Ministers' expenses | 791 | 737 |
| Manse running cost | 4,024 | 3,649 |
| Visiting Ministers & students | 160 | 325 |
| Purpose Areas | 5,273 | 10,670 |
| Youth work | 724 | 655 |
| Seniors work | 1,216 | 2,000 |
| Equipment Purchases | 4,180 | 3,084 |
| BMS World Mission | 6,000 | 5,400 |
| Home Mission | 6,000 | 5,400 |
| Street Pastors | 1,800 | 1,440 |
| Ella’s Home | 3,000 | 2,400 |
| Way4ward | 3,000 | 2,400 |
| Reach Beyond Horizons | - | - |
| Other Donations | 960 | 7,502 |
| Fees, Subscriptions & Licences | 3,237 | 3,317 |
| 163,774 | 157,965 |
12
Balham Baptist Church
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Governance | ||
| Accountancy fee | 250 | 840 |
| Other professional fees | 7,486 | 9,254 |
| 7,736 | 10,094 | |
| Support costs - Management | ||
| Rates and water | 1,567 | 1,697 |
| Insurance | 5,808 | 5,741 |
| Light and heat | 8,667 | 9,364 |
| Telephone & Broadband | 646 | 674 |
| Office and General Expenses | 8,282 | 9,757 |
| Refuse collection | 1,744 | 1,851 |
| Repairs, maintenance, cleaning | 18,061 | 42,863 |
| Manse repairs and maintenance | 3,144 | 4,959 |
| Depreciation – Freehold property | 41,940 | 41,395 |
| 89,859 | 118,301 | |
| Total resources expended | 261,369 | 286,360 |
| Net (expenditure)/income | (32,294) | 16,515 |
13