**Charity registration number 1132127**
## **SEAFORD BAPTIST CHURCH**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **SEAFORD BAPTIST CHURCH**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|J Chapman||
|---|---|---|
||J Howell||
||Rev A Machin||
||S White||
||S A Fatkin||
||A R Rowswell|(Appointed 16 January 2022)|
||R J Reed|(Appointed 16 January 2022)|
||A Lowe||
|**Charity number**|1132127||
|**Principal address**|Belgrave Road||
||Seaford||
||East Sussex||
||BN25 2EE||
|**Independent examiner**|Darren Harding ACA, FCCA, DChA||
||Alexandra Durrant||
||10A-12A High Street||
||East Grinstead||
||West Sussex||
||RH19 3AW||
## **SEAFORD BAPTIST CHURCH**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 2|
|Statement of Trustees' responsibilities|3|
|Independent examiner's report|4|
|Statement of financial activities|5 - 6|
|Balance sheet|7|
|Notes to the financial statements|8 - 20|
## **SEAFORD BAPTIST CHURCH**
## **TRUSTEES' REPORT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
The Trustees present their annual report and financial statements for the year ended 31 December 2022.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's constitution, the Charities Act 2011 and "Accounting and Reporting by Charities: 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)" (effective 1 January 2019).
## **Objectives and activities**
The charities objects are the advancement of the Christian faith according to the principles of the Baptist denomination. The policies adopted in furtherence of these objects are set out in the notes to the financial statements.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
## **Achievements and performance**
The Trustees of Seaford Baptist Church usually meet each month and are responsible for the pastoral, evangelistic, social and ecumenical mission of the church. They are also responsible for the maintenance of the main church building in Belgrave Road Seaford, the manse in Chichester Road and the community outreach centre at the Cabin in Raymond Close, Seaford. All major decisions about policy and expenditure are taken by the church members meetings which are held at least four times a year.
The Trustees always have due regard to the charity commission's guidance on public benefit and they are committed to enabling as many people as possible to be part of the worshipping community. Members come from a wide variety of socio-economic groups and ethnic backgrounds. Church members and others who attend regularly are actively encouraged to live out their faith as part of the community of Seaford.
During the year 3 baptisms took place. Membership of the church decreased slightly but attendance increased. During 2022 eight funerals were conducted at the church.
The Members and attendees were pleased to be able to resume normal church attendance in the aftermath of Covid 19. We have continued to provide extra space and hygiene facilities for vulnerable people. We have continually sought to operate within the terms of the government guidelines and have been alert to local infection rates. We are pleased to say the church has suffered minimal effects of the virus.
We have continued to employ a part time Facilities Coordinator, a part time Office Assistant and a Youth Worker who has reduced his hours to 30 per week. He rents the church Manse at a reduced rate. In October 2022 our part time Community Worker left to take up another post. This position has been vacant but we expect to employ a replacement in Spring 2023.
Recording and live streaming services has continued through 2022. This has enabled larger numbers of people than normal to view and participate in the services. Some have described it as a lifeline for them. This facility is available to other groups that use our premises. It has been used particularly for funerals. We expect this facility to continue to be used in the coming years.
Our regular small groups have met regularly and some groups have continued to use our Zoom account and meet online.
The youth work has continued its activities with Friday Night Youth Club; Forest Church. Children’s Church and Who Let The Kids Out meets monthly on Sunday mornings. An all age service takes place once a month.
Our Social Action groups continue to be popular. Scallywags, held weekly is a group providing opportunity for parents/carers of young children to meet in a safe and friendly environment. Heartsease meets monthly and provides the community with care and support for those who have been widowed. In November 2022 we began to run a Warm Room on Tuesday and Wednesdays.
During the first half of 2022 the work at the Cabin continued to host approximately 50 children per week through Kids’ Art and Craft clubs. Café Church and other family events continued. Support groups for adults were held through Coffee Pot, Breakfast Club and a Reflective Service. Some of this work has declined or been suspended since the departure of our Community Worker. In the last quarter of 2022 we hosted approximately 20 children per week and Coffee Pot continued to run with around 12 adults per fortnight. The Community Garden has been developed which has proved popular.
page 1
## **SEAFORD BAPTIST CHURCH**
## **TRUSTEES' REPORT (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
SBC buildings in Belgrave Rd and the Cabin at Raymond Close are very valuable community resources and the Trustees are keen to make them available as much as possible for the public benefit. The auditorium at the church is one of the biggest in the town and the various rooms have been frequently used mainly for community groups and local musical societies. The Facilities Coordinator manages the buildings and there have been many positive comments from users about the quality of service that the church provides to the wider community.
The level of activity and rental income from these users has increased during 2022 and we have been pleased to welcome some new groups to the premises, including Haven Happy Club (a dementia group) and Arty Kids Club.
As a result of the increased use of the premises and sacrificial giving by members of the Church, we are pleased to report that the General Fund ended the year with a surplus of £3,178 against a forecast deficit of £8,763 before accounting for the amalgamation with Coastlands Baptist Church.
The process of amalgamating with Coastlands Baptist church was carried out under the leadership of our Treasurer and Safeguarding Trustees. The papers were finally signed in October 2022. This legal process incurred expense but we have received assets from Coastlands – a cash sum and ownership of a flat in Newhaven which is currently rented to tenants and managed by Agents. A small loan remains to be paid off to the Baptist Union for this. Coastlands church was very small and all the members have dispersed.
Early Birds pre-school has continued to provide high quality nursery education for around 30 children. It is well known in the town and has a reputation for helping children with special needs. They run their own budget which is accounted for separately from the church but included in the overall Church accounts.
## **Financial review**
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to six months' expenditure. The Trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has not been achieved this year. The Trustees are making plans to address this.
The Trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
## **Structure, governance and management**
The Trustees who served during the year and up to the date of signature of the financial statements were:
J Chapman J Howell Rev A Machin P Smoker (Resigned 16 January 2022) S White S A Fatkin A R Rowswell (Appointed 16 January 2022) S D Richards (Resigned 13 December 2022) R J Reed (Appointed 16 January 2022) A Lowe
The Trustees' report was approved by the Board of Trustees.
Rev A Machin **Trustee**
Date: ..... **! .. i -: . 3 ......... j.J/Z.9.?**
page 2
## **SEAFORD BAPTIST CHURCH**
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
The Trustees are responsible for preparing the Trustees' Report 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 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 of the charity for that year.
In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements 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 charity and 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.
page 3
## **SEAFORD BAPTIST CHURCH**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF SEAFORD BAPTIST CHURCH**
I report to the Trustees on my examination of the financial statements of Seaford Baptist Church (the charity) for the year ended 31 December 2022.
## **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 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no 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 2011 Act; or
- 2 the financial statements do not accord with those records; or
- 3 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 financial statements to be reached.
## **Darren Harding ACA, FCCA, DChA**
Alexandra Durrant 10A-12A High Street East Grinstead West Sussex RH19 3AW
Dated: .........................24/07/2023
page 4
## **SEAFORD BAPTIST CHURCH**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
|**Current financial year**
**Unrestricted**
**Restricted**
**Endowment**
**funds**
**funds**
**funds**
**2022**
**2022**
**2022**
**Notes**
**£**
**£**
**£**
**Income and endowments from:**
Donations and legacies
**3**
125,948
20,832
-
Charitable activities
**4**
28,532
83,326
-
Other trading activities
**5**
28,931
-
-
Investments
**6**
63
-
-
Other income
**7**
133,931
-
-
**Total income**
317,405
104,158
-
**Expenditure on:**
Charitable activities
**8**
186,773
103,287
-
**Net incoming/(outgoing) resources before**
**transfers**
130,632
871
-
Gross transfers between funds
(149,984)
4,984
145,000
**Net (outgoing)/incoming resources**
(19,352)
5,855
145,000
**Other recognised gains and losses**
Revaluation of tangible fixed assets
-
-
40,000
**Net movement in funds**
(19,352)
5,855
185,000
Fund balances at 1 January 2022
44,571
53,499
485,000
**Fund balances at 31 December 2022**
25,219
59,354
670,000|**Total**
**2022**
**£**
146,780
111,858
28,931
63
133,931
421,563
290,060
131,503
-
131,503
40,000
171,503
583,070
754,573|**Total**
**2021**
**£**
157,231
85,789
18,269
6
-
261,295
275,588
(14,293)
-
(14,293)
70,000
55,707
527,363
583,070|
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
page 5
## **SEAFORD BAPTIST CHURCH**
## **STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
|**Prior financial year**
**Unrestricted**
**Restricted**
**Endowment**
**funds**
**funds**
**funds**
**2021**
**2021**
**2021**
**Notes**
**£**
**£**
**£**
**Income and endowments from:**
Donations and legacies
**3**
112,606
44,625
-
Charitable activities
**4**
22,450
63,339
-
Other trading activities
**5**
18,269
-
-
Investments
**6**
-
6
-
**Total income**
153,325
107,970
-
**Expenditure on:**
Charitable activities
**8**
171,666
103,922
-
**Net incoming/(outgoing) resources before transfers**
(18,341)
4,048
-
**Net (outgoing)/incoming resources**
(18,341)
4,048
-
**Other recognised gains and losses**
Revaluation of tangible fixed assets
-
-
70,000
**Net movement in funds**
(18,341)
4,048
70,000
Fund balances at 1 January 2021
62,912
49,451
415,000
**Fund balances at 31 December 2021**
44,571
53,499
485,000|**Total**
**2021**
**£**
157,231
85,789
18,269
6
261,295
275,588
(14,293)
(14,293)
70,000
55,707
527,363
583,070|
|---|---|
page 6
## **SEAFORD BAPTIST CHURCH**
## **BALANCE SHEET**
## _**AS AT 31 DECEMBER 2022**_
|**2022**
**Notes**
**£**
**Fixed assets**
Tangible assets
**14**
**Current assets**
Debtors
**15**
14,268
Cash at bank and in hand
79,870
94,138
**Creditors: amounts falling due within one**
**year**
**17**
(19,480)
Net current assets
**Total assets less current liabilities**
**Creditors: amounts falling due after more**
**than one year**
**18**
**Net assets**
**Capital funds**
Endowment funds
General endowment funds
630,000
Revaluation reserve
40,000
670,000
Permanent endowment
100,000
Expendable endowment
570,000
**19**
**Income funds**
Restricted funds - general
**20**
Unrestricted funds
Designated funds
**21**
12,200
General unrestricted funds
13,019
The financial statements were approved by the Trustees on
Rev A Machin
S White
**Trustee**
**Trustee**
_�_
_Si!A�{_
.....**!..ij.J/Z.9?-: . 3 ......**|**£**
693,971
74,658
768,629
(14,056)
754,573
670,000
59,354
25,219
754,573
**...**|**2021**
**£**
8,069
65,586
73,655
(8,432)
415,000
70,000
485,000
100,000
385,000
15,250
29,321|**£**
517,847
65,223|
|---|---|---|---|
||||583,070
-|
||||583,070|
||||485,000
53,499
44,571|
||||583,070|
|||||
page 7
## **SEAFORD BAPTIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
## **1 Accounting policies**
## **Charity information**
Seaford Baptist Church is an unincorporated charity. The principal address is Belgrave Road, Seaford, East Sussex, BN25 2EE.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's constitution, the Charities Act 2011 and "Accounting and Reporting by Charities: 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) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.
Designated funds comprise funds which have been set aside at the discretion of the Trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
page 8
## **SEAFORD BAPTIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
## **1 Accounting policies**
**(Continued)**
Income resources from grants, where there are performance or service deliverables required by the terms of the grant, such as amounts received by Early Birds Pre-School, are accounted for as the charity receives these payments.
## **1.5 Expenditure**
Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the church to the expenditure. All expenditure is accounted for on an accruals basis and includes irrecoverable VAT.
Church activities expenditure comprises those costs incurred by the church in the delivery of its activities and services for its beneficiaries, including grants payable to institutions and individuals as set out in the Notes. The costs of operating Early Birds Pre-School are disclosed separately in the notes.
Support costs are allocated to charitable activities based on property usage.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses, except for freehold land which has been included at historic cost, and two buildings which have been included at revalued amounts, and are not depreciated because they are considered to have a useful life of greater than 50 years and therefore any depreciation charge is considered immaterial. All assets costing more than £1,000 are capitalised.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings not depreciated Plant and equipment 25% Fixtures and fittings 10%
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.7 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **1.8 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.9 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
page 9
## **SEAFORD BAPTIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
## **1 Accounting policies**
**(Continued)**
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
## **1.10 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **1.11 Retirement benefits**
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
The church is an employer participating in a pension scheme known as the Baptist Ministers' Pension Scheme. Baptist Ministers are eligible to join the scheme, which is a multi-employer defined benefit scheme, which is funded and not contracted out of the State scheme. However, it is not possible to identify the assets and liabilities of the scheme which are attributable to the church. The pension scheme is therefore accounted for as a defined contribution scheme. The church contribution is restricted to contributions disclosed in the notes.
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
page 10
## **SEAFORD BAPTIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
## **3 Donations and legacies**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**general**
**2022**
**2022**
**£**
**£**
Donations and gifts
121,948
18,432
Grants
4,000
2,400
125,948
20,832
**Donations and gifts**
Gifts and Offerings
101,907
9,714
Gift aid tax reclaimed
20,041
1,298
Other donations and
legacies
-
7,420
121,948
18,432
**Charitable activities**
**Church**
**Activities**
**Early Birds**
**Preschool**
**2022**
**2022**
**£**
**£**
Performance related
grants
-
83,326
Charitable rental
income
6,000
-
Other income
2,456
20,076
8,456
103,402
**Analysis by fund**
Unrestricted funds
8,456
20,076
Restricted funds - general
-
83,326
8,456
103,402|**Total**
Unrestricted
Restricted
funds
funds
general
**2022**
2021
2021
**£**
£
£
140,380
112,606
23,448
6,400
-
21,177
146,780
112,606
44,625
111,621
92,877
17,437
21,339
19,729
3,935
7,420
-
2,076
140,380
112,606
23,448
**Total**
**2022**
**Church**
**Activities**
**Early Birds**
**Preschool**
**2021**
**2021**
**£**
**£**
**£**
83,326
-
63,339
6,000
6,000
-
22,532
1,513
14,937
111,858
7,513
78,276
28,532
7,513
14,937
83,326
-
63,339
111,858
7,513
78,276|Total
2021
£
136,054
21,177|
|---|---|---|
|||157,231|
|||110,314
23,664
2,076|
|||136,054|
|||**Total**
**2021**
**£**
63,339
6,000
16,450|
|||85,789|
|||22,450
63,339|
|||85,789|
## **4 Charitable activities**
page 11
## **SEAFORD BAPTIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
|**5**|**Other trading activities**|||
|---|---|---|---|
|||**Unrestricted**|**Unrestricted**|
|||**funds**|**funds**|
|||**2022**|**2021**|
|||**£**|**£**|
||Letting arrangements|28,931|18,269|
|**6**|**Investments**|||
|||**Unrestricted**|**Restricted**|
|||**funds**|**funds**|
||||**general**|
|||**2022**|**2021**|
|||**£**|**£**|
||Interest receivable|63|6|
|**7**|**Other income**|||
|||**Unrestricted**|**Total**|
|||**funds**||
|||**2022**|**2021**|
|||**£**|**£**|
||Coastlands bank account|12,900|-|
||Transfer of Church Hill Lodge|121,031|-|
|||133,931|-|
The Coastlands bank account income represents a transfer of the bank balance from Coastlands when they amalgamated with Seaford Baptist Church.
The Transfer of Church Hill Lodge income represents the value of the property less any mortgages outstanding when control of the property was transferred from Coastlands to Seaford Baptist Church.
page 12
## **SEAFORD BAPTIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
## **8 Charitable activities**
|**Church**
**Activities**
**Early Birds**
**Pre-school**
**2022**
**2022**
**£**
**£**
Staff costs
82,329
88,330
Depreciation and impairment
8,875
-
Travel & subsistence
1,266
19
Training, development &
conferences
2,966
395
Housing
13,973
-
Building running costs
591
271
Building repairs &
maintenance
775
1,411
Printing, postage, stationery &
publications
210
353
Telecoms & computers
853
268
Subscriptions
3,126
593
Toys, equipment &
consumables
2,782
1,620
Food & drink
287
609
Trips & events
-
-
Services & worship
4,588
-
122,621
93,869
Grants payable (see note 9)
16,438
-
Share of support costs (see
note 10)
47,772
6,600
Share of governance costs (see
note 10)
2,760
-
189,591
100,469
**Analysis by fund**
Unrestricted funds
166,302
20,471
Restricted funds - general
23,289
79,998
189,591
100,469|**Total**
**2022**
**Church**
**Activities**
**Early Birds**
**Pre-school**
**2021**
**2021**
**£**
**£**
**£**
170,659
94,438
73,824
8,875
7,692
-
1,285
867
-
3,361
3,191
45
13,973
15,678
-
862
418
179
2,186
2,353
207
563
133
668
1,121
904
263
3,719
2,427
705
4,402
817
1,081
896
67
494
-
598
-
4,588
4,974
-
216,490
134,557
77,466
16,438
23,684
-
54,372
30,401
6,600
2,760
2,880
-
290,060
191,522
84,066
186,773
156,728
14,938
103,287
34,794
69,128
290,060
191,522
84,066|**Total**
**2021**
**£**
168,262
7,692
867
3,236
15,678
597
2,560
801
1,167
3,132
1,898
561
598
4,974|
|---|---|---|
|||212,023
23,684
37,001
2,880|
|||275,588|
|||171,666
103,922|
|||275,588|
page 13
## **SEAFORD BAPTIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
## **9 Grants payable**
||**Church**|**Church**|
|---|---|---|
||**Activities**|**Activities**|
||**2022**|**2021**|
||**£**|**£**|
|Grants to institutions:|||
|Local mission|4,851|3,785|
|World mission|6,809|7,263|
|Social action|4,778|4,201|
||16,438|15,249|
|Grants to individuals|-|8,435|
||16,438|23,684|
## **10 Support costs**
|**Support costs**
**Governance**
**costs**
**£**
**£**
Staff costs
13,820
-
Loan interest
1,390
-
Building running costs
13,567
-
Building repairs &
maintenance
12,199
-
Printing, postage, stationery
& publications
1,676
-
Telecoms & computers
4,563
-
Subscriptions
889
-
Bank charges
534
-
Professional fees
5,734
-
Independent examination
fees
-
2,760
54,372
2,760
Analysed between
Charitable activities
54,372
2,760|**2022 Support costs**
**Governance**
**costs**
**£**
**£**
**£**
13,820
13,382
-
1,390
-
-
13,567
11,754
-
12,199
4,924
-
1,676
2,169
-
4,563
3,837
-
889
531
-
534
404
-
5,734
-
-
2,760
-
2,880
57,132
37,001
2,880
57,132
37,001
2,880|**2021**
**£**
13,382
-
11,754
4,924
2,169
3,837
531
404
-
2,880|
|---|---|---|
|||39,881|
|||39,881|
## **11 Trustees**
The Minister was paid a salary of £28,485 (2021: £28,255) and pension of £3,567 (2021: £3,510) for this. In addition he was paid a manse allowance of £12,317 (2021: £12,267) in accordance with the usual practice of providing clergy accommodation.
None of the other Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
page 14
## **SEAFORD BAPTIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
## **11 Trustees**
## **(Continued)**
Donations of £23,391 (2021 - £33,179) were received from Trustees during the year.
## **12 Employees**
The average monthly number of employees during the year was:
||**2022**|**2021**|
|---|---|---|
||**Number**|**Number**|
||14|14|
|**Employment costs**|**2022**|**2021**|
||**£**|**£**|
|Wages and salaries|171,815|167,501|
|Social security costs|4,865|4,893|
|Other pension costs|7,799|9,250|
||184,479|181,644|
There were outstanding pension contributions at 31 December 2022 of £295 (2021 - £329).
The deficiency contribution to the Baptist Ministers' Pension Scheme by this church at 31 December 2022 was £16,000(31 December 2021 - £51,000). This is an estimate which this church would have to pay if it were to exit the defined benefit section of the Baptist Pension Scheme by paying its employer debt immediately. Updated figures are provided on a monthly basis.
There were no employees whose annual remuneration was more than £60,000.
## **13 Taxation**
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
page 15
## **SEAFORD BAPTIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
|**14**
**Tangible fixed assets**
**Freehold land**
**and buildings**
**Plant and**
**equipment**
**Fixtures and**
**fittings**
**£**
**£**
**£**
**Cost or valuation**
At 1 January 2022
485,000
30,592
40,500
Additions
145,000
-
-
Revaluation
40,000
-
-
At 31 December 2022
670,000
30,592
40,500
**Depreciation and impairment**
At 1 January 2022
-
12,996
25,250
Depreciation charged in the year
-
5,825
3,050
At 31 December 2022
-
18,821
28,300
**Carrying amount**
At 31 December 2022
670,000
11,771
12,200
At 31 December 2021
485,000
17,597
15,250|**Total**
**£**
556,092
145,000
40,000|
|---|---|
||741,092|
||38,246
8,875|
||47,121|
||693,971|
||517,847|
Land and buildings with a carrying amount of £570,000 were revalued on 14 June 2022 by Kingston Morehen, independent valuers not connected with the charity, on the basis of market value. The valuation conforms to International Valuation Standards and was based on recent market transactions on arm's length terms for similar properties.
At 31 December 2022, had the revalued assets been carried at historic cost less accumulated depreciation and accumulated impairment losses, their carrying amount would have been approximately £58,500 (2021 - £58,500).
|**15**
**Debtors**
**Amounts falling due within one year:**
Trade debtors
Prepayments and accrued income|**2022**
**£**
3,937
10,331
14,268|**2021**
**£**
1,034
7,035|
|---|---|---|
|||8,069|
## **16 Loans and overdrafts**
|Other loans
Payable within one year
Payable after one year|**2022**
**£**
25,359
11,303
14,056|**2021**
**£**
-|
|---|---|---|
|||-
-|
page 16
## **SEAFORD BAPTIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
## **17 Creditors: amounts falling due within one year**
|Borrowings
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income
**Creditors: amounts falling due after more than one year**
Borrowings|**2022**
**£**
11,303
(4)
3,060
307
4,814
19,480
**2022**
**£**
14,056|**2021**
**£**
-
2,240
1,884
500
3,808|
|---|---|---|
|||8,432|
|||**2021**
**£**
-|
## **18 Creditors: amounts falling due after more than one year**
## **19 Endowment funds**
Endowment funds represent assets which must be held permanently by the charity. Income arising on the endowment funds can be used in accordance with the objects of the charity and is included as unrestricted income. Any capital gains or losses arising on the assets form part of the fund.
|**Balance at**
**1 January 2021**
**Revaluations**
**gains and losses**
**Balance at**
**1 January 2022**
**£**
**£**
**£**
**Permanent endowments**
Church premises
100,000
-
100,000
**Expendable endowments**
Manse - Chichester Road
315,000
70,000
385,000
Church Hill Lodge
-
-
-
415,000
70,000
485,000|**Transfers**
**Revaluations**
**gains and losses**
**Balance at**
**31 December**
**2022**
**£**
**£**
**£**
-
-
100,000
-
40,000
425,000
145,000
-
145,000
145,000
40,000
670,000|**Transfers**
**Revaluations**
**gains and losses**
**Balance at**
**31 December**
**2022**
**£**
**£**
**£**
-
-
100,000
-
40,000
425,000
145,000
-
145,000
145,000
40,000
670,000|
|---|---|---|
|||670,000|
page 17
## **SEAFORD BAPTIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
## **20 Restricted funds**
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
|**Balance at**
**1 January 2021**
**£**
Early Birds Pre-school
40,032
Oasis Child
20
Structure for Growth
1,659
Oasis Fellowship
144
Scallywags
479
Heartsease
254
Concert Choir
595
Youth
123
Splash
228
Held
-
Training and Development
5,917
Cabin
-
49,451
**Balance at**
**1 January 2022**
**£**
Early Birds Pre-school
35,835
Oasis Child
20
Structure for Growth
12,672
Oasis Fellowship
231
Scallywags
422
Heartsease
311
Youth
51
Splash
109
Held
-
Training and Development
3,783
Cabin
65
53,499|**Movement in funds**
**Incoming**
**resources**
**Resources**
**expended**
**£**
**£**
64,932
(69,129)
-
-
30,855
(19,842)
496
(409)
248
(305)
457
(400)
-
(595)
773
(845)
95
(214)
8
(8)
-
(2,134)
10,106
(10,041)
107,970
(103,922)
**Movement in funds**
**Incoming**
**resources**
**Resources**
**expended**
**£**
**£**
83,704
(79,998)
-
-
11,263
(13,550)
1,384
(1,386)
779
(260)
1,140
(1,128)
4,052
(3,306)
-
-
65
(20)
-
(2,238)
1,771
(1,401)
104,158
(103,287)|**Transfers**
**Balance at 31**
**December 2021**
**£**
**£**
-
35,835
-
20
-
12,672
-
231
-
422
-
311
-
-
-
51
-
109
-
-
-
3,783
-
65
-
53,499
**Transfers**
**Balance at**
**31 December**
**2022**
**£**
**£**
4,984
44,525
-
20
-
10,385
-
229
-
941
-
323
-
797
-
109
-
45
-
1,545
-
435
4,984
59,354|**Transfers**
**Balance at 31**
**December 2021**
**£**
**£**
-
35,835
-
20
-
12,672
-
231
-
422
-
311
-
-
-
51
-
109
-
-
-
3,783
-
65
-
53,499
**Transfers**
**Balance at**
**31 December**
**2022**
**£**
**£**
4,984
44,525
-
20
-
10,385
-
229
-
941
-
323
-
797
-
109
-
45
-
1,545
-
435
4,984
59,354|
|---|---|---|---|
||||59,354|
page 18
## **SEAFORD BAPTIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
## **20 Restricted funds**
## **(Continued)**
Early Birds Pre School - Represents funding towards the running of the nursery operated from the church premises.
Oasis Child - Represents funding towards child sponsorship supported by prayer group Oasis Fellowship.
Structure for Growth - Represents funding to cover 2 staff roles: Pastoral Worker and Community Worker.
Oasis Fellowship - Represents voluntary contributions from group participants to cover costs of group meetings.
Scallywags - Represents funds to cover costs of the toddler group.
Heartease - Represents funds to cover costs of the support group.
Youth - Represents funds to cover the running costs of the youth clubs.
Splash - Represents funds to cover costs of the art group.
Held - Represents funds to cover costs of the women's group.
Training & Development - Represents funds to cover the costs staff training.
Cabin - Represents funds to cover the costs of the use of the portacabin premises.
## **21 Designated funds**
The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:
|||**Movement in funds**|**Movement in funds**||**Movement in funds**|**Movement in funds**||
|---|---|---|---|---|---|---|---|
||**Balance at**|**Incoming**|**Resources**|**Balance at**|**Incoming**|**Resources**|**Balance at**|
||**1 January 2021**|**resources**|**expended**|**1 January 2022**|**resources**|**expended**|**31 December**|
||||||||**2022**|
||**£**|**£**|**£**|**£**|**£**|**£**|**£**|
|Fixtures &||||||||
|fittings|18,300|-|(3,050)|15,250|-|(3,050)|12,200|
|Early Birds||||||||
|Pre-School|-|14,937|(14,937)|-|20,076|(20,076)|-|
||18,300|14,937|(17,987)|15,250|20,076|(23,126)|12,200|
page 19
## **SEAFORD BAPTIST CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_
|**22**
**Analysis of net assets between funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**Endowment**
**funds**
**2022**
**2022**
**2022**
**£**
**£**
**£**
Fund balances at 31 December 2022 are represented
by:
Tangible assets
23,971
-
670,000
Current assets/(liabilities)
15,304
59,354
-
Long term liabilities
(14,056)
-
-
25,219
59,354
670,000
Unrestricted
funds
Restricted
funds
Endowment
funds
2021
2021
2021
£
£
£
Fund balances at 31 December 2021 are represented
by:
Tangible assets
32,847
-
485,000
Current assets/(liabilities)
11,724
53,499
-
44,571
53,499
485,000|**Total**
**2022**
**£**
693,971
74,658
(14,056)
754,573
Total
2021
£
517,847
65,223
583,070|
|---|---|
## **23 Related party transactions**
There were no disclosable related party transactions during the year (2021 - none).
page 20