HEATON BAPTIST CHURCH
REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH 2024
Charity registered number 1132252
HEATON BAPTIST CHURCH
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH 2024
| Page | |
|---|---|
| Report of the Trustees | 2 - 5 |
| Report of the Independent Examiner | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 - 15 |
1
HEATON BAPTIST CHURCH REPORT OF THE TRUSTEES
YEAR ENDED 31[ST] MARCH 2024
The Trustees present their report together with the unaudited financial statements for the year ended 31[st] March 2024
Reference and administrative information
Charity name: Heaton Baptist Church Charity registration number: 1132252 Registered office and operational address: Heaton Road Newcastle upon Tyne NE6 5HN
Heaton Baptist Church
Trustees
Rev DP Tubby Elder (Senior Minister) Mrs SM Foster Elder Mrs RJ Rai Elder appointed May 2023 Mrs P Daniel Elder stepped down Jan 2025 Mr TK Howell Elder appointed May 2023 Mrs K Dews Deacon Mr GG Sexton Deacon Mr JP Bird Deacon Mr TS Onions Deacon Mr TJ Fletcher Deacon appointed May 2023 Ms A Ogundipe *Deacon appointed May 2024 Mr J Kenyon Deacon stepped down 2024 * = Current trustee
Independent Examiner
Joanne Regan FCA, Azets, Bulman House, Regent Centre, Gosforth, Newcastle upon Tyne NE3 3LS
,
Bankers
Lloyds TSB plc, Grey Street, Newcastle upon Tyne.
2
HEATON BAPTIST CHURCH REPORT OF THE TRUSTEES YEAR ENDED 31[ST] MARCH 2024
Structure, Governance and Management
Governing document
The organisation is a charity, governed under a constitution adopted on 1[st] August 2009. The charity registered on 22[nd] October 2009, having previously been an excepted charity.
Recruitment and appointment of the Trustees
Names are brought to the Church members. A quorum of 20% of church members is required to take part in the vote. Confirmation is by secret ballot with at least two thirds of the members voting in favour of the appointment.
Elders and deacons serve for a period of three years, after which they can apply for re-election if they wish.
Trustee Induction and Training
Before appointment potential trustees are supplied with up to date financial information and other documents such as the most recent accounts and a copy of the constitution.
Risk management
The trustees have examined the major risks which could affect the charity as a whole and have developed and implemented procedures to minimise these risks as far as possible. Risks identified by the trustees include child protection issues, health and safety aspects associated with the church premises and activities, fire safety, GDPR, cyber security, insurance, and other legislative compliance. Risk management is a proactive activity developing with the growth of the charity.
Following the completion of the new Building Project in 2010, a revised governance structure was adopted now called the Buildings Advisory Group (BAG). The BAG ensures appropriate inspection and maintenance arrangements are in place for key assets and equipment. Risk assessments are carried on key activities and appropriate safeguards introduced where necessary. A 'health and safety' culture is in place and encouraged amongst all internal and external users of the premises.
Organisational Structure
The trustees are responsible for administering the church and for its strategic direction. The day to day running of the church building is delegated to the Office Manager.
Related parties
The church does not have any related parties other than the trustees and their immediate families.
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HEATON BAPTIST CHURCH
REPORT OF THE TRUSTEES
YEAR ENDED 31[ST] MARCH 2024
Objectives, activities, achievements and performance
Objectives of the Charity
Heaton Baptist Church is a vibrant family church that seeks to live out and share the Christian faith across its sphere of influence and beyond its walls. Its current focus is to develop its goal of "Growing as healthy disciples of Jesus".
how we seek to live out our faith, namely being: Christ-centred, discipling, generous, missional and welcoming.
The trustees have complied with the duty in section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission.
Activities and achievements during the year
Heaton Baptist Church is a welcoming and inclusive church that hosts a range of activities that are part of our mission as well as providing a home for a variety of user groups. Our premises are used extensively.
Over the last year, we have seen a decrease in income and a significant increase in utility costs. These have resulted in us having to make changes to our staffing team in order to maintain financial sustainability. Following a redundancy process under the guidance of the Baptist Union, the trustees recommended to the church that two part-time staff members (caretaker/cleaner and office staff) were made redundant, and that we were not in a position to offer a permanent ministerial role to our Ministerin-Training, who was concluding her training with us.
As of March 2024, we have 1 ministerial staff (1 full-time), one part-time youth ministry leader and a parttime Office Manager, During 2023 our minister in training completed her training and moved on to lead a 2023 to a new role within a national charity.
The church has continued to develop meaningful community connections, and host a number of activities & organisations whose purpose is to improve the physical spiritual & physiological wellbeing of residents in east Newcastle. This includes a weekly food bank, benefits support, drop in café, coffee morning, bible studies, mental health support for teenagers, pre school toddler groups & other resource beside other groups who regularly use the premises.
We have seen growth within the church too, with ever increasing cultural diversity reflected in our regular worship & social activities, and increasingly within our leadership. We have seen a number of baptisms & new members and are excited to this trend developing, bringing with it creativity & enthusiasm.
Financial review
The Statement of Financial Activities on page 8 of these financial statements details all incoming and At 31[st] March 2024 a balance of £122,296 remains in the General Fund for Church use.
4
Reserves Policy
The Trustees have retained the reserves policy agreed during previous Financial Years. Free reserves are those unrestricted reserves not committed or invested in tangible fixed assets. The goal over the next few years will be to reach a minimum reserve equivalent to three months of expenditure cover, which is around £55,000. The balance at the end of the year was consistent with this goal.
Investment Policy
The Trustees have agreed an investment policy which is to gain maximum interest with minimum risk on money held on reserve, the balance of the accounts currently being such that no money is held in high risk investments.
Approved by the Board of Trustees on 9[th] January 2025 and authorised to sign on its behalf:
-----------------------------------------DP Tubby, Trustee
5
HEATON BAPTIST CHURCH
I report on the accounts of the charity for the year ended 31[st] March 2024 which are set out on pages 7 to 15.
Responsibilities and basis of report
As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011
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 accounts do not accord with those records; or
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The accounts 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; or
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The financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102).
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.
Joanne Regan FCA Azets 29th January 2025
Bulman House Regent Centre Gosforth Newcastle upon Tyne NE3 3LS
6
HEATON BAPTIST CHURCH
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31[ST] MARCH 2024
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|Note Unrestricted|Designated|Restricted|Total|Total|
|INCOME|Funds|Funds|Funds|2024|2023|
|£|£|£|£|£|
|Weekly offering|34005|-|-|34005|34676|
|Gift aid|136471|-|-|136471|151671|
|Income Tax Recovered|36404|-|-|36404|43261|
|Bank Interest|12|-|-|430|430|76|
|Designated|2|6948|-|-|6948|60345|
|Rents/lettings|3|3249|-|-|3249|4095|
|Other income|4|1056|-|2105|3161|4965|
|_ ___ __ _ _|
|Total Income|218133|-|2535|220668|299089|
|_|
|EXPENDITURE|
|Staff Costs|5|107202|-|-|107202|136695|
|Mission|6|33662|-|-|33662|26977|
|Upkeep of Church Buildings|7|56708|-|-|56708|33023|
|Giving to other organisations|8|898|-|-|898|2915|
|Other|9|4777|-|-|4777|1849|
|Administrative Support Cost|10|12878|-|-|12878|19846|
|Partnership Fund|11|2161|-|-|2161|16630|
|Toddlers Group|-|-|906|906|1425|
|_ _ _ _ _|
|Total expenditure|218286|-|906|219192|239359|
|_|
|Net income/(expenditure)|
|before transfers|(153)|1629|1476 59729|
|Transfers|-|-|-|-|-|
|Fixed asset revaluation|-|-|-|-|-|
| _ _ _ _|
|Net movement in funds|(153)|-|1629|1476|59729|
|_ _ _ _ _|
|Reconciliation of Funds|
|Funds brought forward|1844459|2165|1349101|3195725|3135996|
|_ _ _ __ _|
|Funds carried forward|1844306|2165|1350730|3197201|3195725|
|____|
----- End of picture text -----
The notes on pages 9 to 15 form part of these financial statements.
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HEATON BAPTIST CHURCH
BALANCE SHEET
YEAR ENDED 31[ST] MARCH 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| Fixed Assets | |||||
| Tangible assets | 13 | 3045296 | 3046544 | ||
| Current assets | |||||
| Cash at bank & in hand | 14 | 108364 | 104199 | ||
| Prepayments & Accrued Income | 51192 | 51407 | |||
| ______ | ______ | ||||
| Total current assets | 159556 | 155606 | |||
| Creditors: amounts falling | |||||
| due within one year | 15 | (7651) | (6425) | ||
| ______ | ______ | ||||
| Net current assets | 151905 | 149181 | |||
| Creditors: amounts falling | |||||
| due after more than one year | due after more than one year | - | - | ||
| __ | __ | ||||
| Net assets | 3197201 | 3195725 | |||
| __ | __ | ||||
| __ | __ | ||||
| Funds | |||||
| General Fund | 17 | 122296 | 122449 | ||
| Revaluation Reserve | 17 | 1722010 | 1722010 | ||
| Designated funds | 17 | 2165 | 2165 | ||
| Restricted funds | 17 | 1350730 | 1349101 | ||
| __ | __ | ||||
| Total funds | 17 | 3197201 | 3195725 | ||
| __ | __ |
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the Board of Trustees on 29th January 2025 and signed on its behalf by:
------------------------------DP Tubby Trustee
The notes on pages 9 to 15 form part of these financial statements.
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HEATON BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31[ST] MARCH 2024
1. Accounting Policies
Charity information
Heaton Baptist Church is a registered charity in England and Wales. The registered office is Heaton Road, Newcastle upon Tyne, NE6 5HN.
Accounting convention
for Charities applying FRS102 and UK Generally Accepted Accounting Practice as it applies from 1[st] January 2015. The charity is a Public Benefit Entity as defined by FRS102.
The accounts are prepared in sterling which is the functional currency of the charity. Monetary amounts in these
financial statements are rounded to the nearest £.
The accounts 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.
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a) All income becoming available to the charity during the year is recognised in the Statement of Financial Activities when they are receivable.
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b) Grants, including grants for the purchase of fixed assets, are recognised in full in the Statement of Financial Activities in the year in which they are receivable, unless there are associated performance-related conditions, in which case the grants are recognised in line with the performance-related conditions.
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c) Expenditure is recognised in the period in which it is incurred. Expenditure includes attributable VAT which cannot be recovered. All expenditure is allocated to the particular activity to which that cost relates.
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d) Fixed assets are initially capitalised at cost. Land and buildings, which are all for charity use, are included in the accounts at deemed cost. Freehold land is not depreciated. The deemed cost of the freehold buildings less the estimated residual value is considered to be immaterial. This is kept under constant review by the trustees. Depreciation is recognised so at to write off the cost of the solar panels less their residual value over their useful lives on the following bases:
Freehold land and buildings Not depreciated Solar panels 25 years
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f) Pension costs The charity makes contributions to a defined contributions scheme. The pension costs charged represents contributions payable to the scheme.
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g) Unrestricted funds are incoming resources receivable or generated by the charity for its objects without further specified purpose and are available as general funds.
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h) Designated funds are unrestricted funds which have been allocated by the trustees for a particular purpose.
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i) Restricted funds are to be used for specific purposes laid down by the donor. Expenditure meeting these criteria is charged to the fund along with a fair allocation of management costs. The Building Project consists of gifts made to the Church by members and others, as agreed at Church meetings and grants from other organisations which can be used only for the Building Project.
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j) The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
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k) The entity transitioned to FRS102 on 1[st] April 2015, there were no transitional adjustments required.
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HEATON BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31[ST] MARCH 2024
| 2. Designated Offerings and Givings Church Ministries & Internal Events External Events/Mission & Special Offerings You Various Grants Solar Panels Giving Solar Panels Grant Total General Fund 3. Rents/lettings Hire of Church Buildings _ |
2024 £ - 480 - 6468 - - _ 6948 2024 £ 3249 __ 3249 |
2023 £ 614 3117 830 30837 14947 10000 __ 60345 _ 2023 £ 4095 ___ 4095 |
|---|---|---|
4. Other Income
During a financial year, the Church will receive a number of gifts which are donations towards the costs for services that our members have used or to which they would like to donate.
| Miscellaneous gifts/offerings Maternity pay/NI refunds Total General Fund Restricted Fund HBC Toddlers Group |
2024 £ 1056 - __ 1056 2105 _ 3161 ___ |
2023 £ 1854 950 __ 2804 2161 _ 4965 ___ |
|---|---|---|
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HEATON BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31[ST] MARCH 2024
| 2024 5. Staff Costs £ Gross salaries 96185 Social security costs 3142 Pension costs 6520 Other costs 1355 __ 107202 ____ No employee received emoluments of more than £60000 in either this year or last year. 2024 The average number of employees was: 4 |
2023 £ 109911 4286 10591 11907 __ 136695 ____ 2023 5 |
|---|---|
| __ |
Included above are the following amounts in respect of trustees of the charity. The constitution permits the employment and remuneration of trustees for performance of other duties for the charity as described in brackets below.
| D Tubby (Senior Minister) A Innes (Assistant Minister) J Girling (Youth Director) H Rogers E Watts (Office Manager) L Fletcher (Comms/Admin Assistant) Total |
Salary Housing Pension Expenses Allowance £ £ £ £ 34922 - 4197 384 18409 - 897 467 20894 - 733 365 5049 - 148 133 16912 - 534 - - - - - __ _ ___ 114196 - 8992 11195 |
Total 2023 £ 39503 19773 21991 5330 17446 - ______ 134383 |
Total 2022 £ 40382 35566 15125 17142 17851 8587 ______ 150442 |
|---|---|---|---|
Dave Tubby was appointed as Senior Minister and began in August 2018. He is living in the Church Manse, wholly owned by the church, which was rented out during the period where no senior minister was in post. No sums were reimbursed to Trustees for their work as Trustees.
The Church pays pension contributions for its Senior Minister to the Baptist Ministers Pension Fund which was a final salary defined benefit scheme. It is not contracted out of the State second pension. As the scheme is a multi-employer scheme, it is not possible to identify the assets and liabilities which are attributable to the church. As it is in deficit, payments continue even with no senior minister in post. In accordance with UK GAAP the scheme is accounted for as a defined contribution scheme. This became on 1 January 2013 a Defined Contribution Scheme for future service into which the Church and Minister pay. The other members of staff also contribute to this pension scheme, with the matched church payments as per the scheme rules.
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HEATON BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31[ST] MARCH 2024
6. Mission Baptist Missionary Society(BMS) Home mission Fund(HMF) Junior Church/Creche/Youth Activities (Incl Romania) Evangelism (Incl International Work) Visiting Speakers Worship/PA Equipment Prayer Short term bursaries Grow Baby Food Ministries Internal events/General 7. Upkeep of Church Buildings Manse (29 Ivymount Road) Church Buildings Gas Electricity and Water Insurances Maintenance and Repairs Replacements/Refurbishment Health and safety Relief Caretaking/Cleaning and Materials 8. Giving to Other Organisations External Ministry Organisations Heaton Churches Together/Festival |
2024 £ 7900 8000 1317 2123 350 3453 179 - 123 6825 3392 ______ 33662 |
2023 £ 7900 8000 3376 1574 200 1070 408 83 151 3139 1076 __ 26977 _ 2023 £ 4645 11064 4687 5382 138 - 7107 33023 2023 £ 2415 500 ___ 2915 |
|---|---|---|
| __ 2024 £ 5184 35205 4976 8916 1332 129 966 ____ 56708 |
||
| __ 2024 £ 398 500 ____ 898 |
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HEATON BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31[ST] MARCH 2024
9. Other
| Hardship Fund Leaving Gifts Catering Students Miscellaneous-other 10. Administrative Support Costs Printing, computing, office supplies and postage Telephones Affiliation fees/ Leadership development Bank Charges Independent Examiners Fee Depreciation 11. Partnership Fund Payments to Church Members working in missions abroad Bank charges and sundry expenses |
_ |
2024 £ 183 1763 1668 - 1163 _ 4777 2024 £ 4274 2390 912 2854 1200 1248 __ 12878 _ 2024 £ 2161 - ___ 2161 |
2023 £ 50 1018 713 68 - __ 1849 _ 2023 £ 11535 1636 2857 1400 1170 1248 19846 2023 £ 16630 - ___ 16630 |
|---|---|---|---|
12. Pearson Legacy
During 2020 the church received a legacy from Dorothy and Mary Pearson. The use of it was not defined by the giver but it was agreed that any use would be decide case by case by the members and not treated as part of the General Fund. Therefore it has been treated as a Restricted Fund and held in the separate Deposit Account. Expenditure against this will be highlighted separately in future years.
| Bank Interest Transfers |
2024 £ 430 __- 430 _____ |
2023 £ 76 _- 76 _ |
|---|---|---|
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HEATON BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31[ST] MARCH 2024
13. Tangible Fixed Assets
The tangible fixed assets relate to Freehold Land and Buildings at deemed cost (Church Buildings: Heaton Road/Mundella terrace £2714543 and Manse: 29 Ivymount Road £302049) and Solar Panels which are depreciated over their useful economic life.
| Freehold Land and Buildings Solar Panels Cost £ £ As 1 April 2023 3016592 31200 Additions - - _ ________ At 31 March 2024 3016592 31200 _ ________ Depreciation As 1 April 2023 - 1248 Charge for the year - 1248 _ ________ At 31 March 2024 - 2496 _ ________ Carrying amount At 31 March 2024 3016592 28704 _ _ At 31 March 2023 3016592 29952 _ _ 14. Cash at Bank 2024 £ (Current) Account 56675 Deposit Account 40805 Partnership Fund Account - Building Fund Account 8596 HBC Toddlers Account 2288 __ 108364 _ 2024 15. Creditors: amounts falling due within one year £ Accruals 1200 Other creditors 2195 Deferred grants 2756 ___ 6151 |
Freehold Land and Buildings Solar Panels Cost £ £ As 1 April 2023 3016592 31200 Additions - - _ ________ At 31 March 2024 3016592 31200 _ ________ Depreciation As 1 April 2023 - 1248 Charge for the year - 1248 _ ________ At 31 March 2024 - 2496 _ ________ Carrying amount At 31 March 2024 3016592 28704 _ _ At 31 March 2023 3016592 29952 _ _ 14. Cash at Bank 2024 £ (Current) Account 56675 Deposit Account 40805 Partnership Fund Account - Building Fund Account 8596 HBC Toddlers Account 2288 __ 108364 _ 2024 15. Creditors: amounts falling due within one year £ Accruals 1200 Other creditors 2195 Deferred grants 2756 ___ 6151 |
|---|---|
| __ |
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HEATON BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31[ST] MARCH 2024
| Unrestricted | Unrestricted | Restricted | Restricted | Total | ||||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | ||||||
| 16. Analysis of net assets between funds | £ | £ | £ | |||||
| Tangible fixed assets | 1738417 | 1306879 | 3045296 | |||||
| Net current assets | 108054 | 43851 | 151905 | |||||
| Creditors: amounts falling due after more than one | year | - | - | - | ||||
| ______ | ______ | ______ | ||||||
| 1846471 | 1350730 | 3197201 | ||||||
| ______ | ______ | ______ | ||||||
| 17. Movement in funds | 1st | Incoming | Resources | 31st | ||||
| April | Resources | Expended | Transfers Revaluation March | |||||
| 2023 | 2024 | |||||||
| £ | £ | £ | £ | £ | £ | |||
| Unrestricted funds | ||||||||
| General funds | 122449 | 218133 | (218286) | - | - | 122296 | ||
| Property revaluation reserve | 1722010 | - | - | - | - | 1722010 | ||
| Designated funds | ||||||||
| Partnership Fund | 2165 | - | - | - | - | 2165 | ||
| ______ | ______ | ______ | __ ____ | ______ | ||||
| Total unrestricted funds | 1846624 | 218133 | (218286) | - | - | 1846471 | ||
| ______ | ______ | ______ | __ ____ | ______ | ||||
| Restricted Funds | ||||||||
| Building Fund | 1306879 | - | - |
- | - | 1306879 | ||
| HBC Toddlers | 1928 | 2105 | (906) | - | - | 3127 | ||
| Pearson Legacy | 40294 | 430 | - | - | - | 40724 | ||
| ______ | ______ | ______ | __ ____ | ______ | ||||
| Total restricted funds | 1349101 | 2535 | (906) |
- | - | 1350730 | ||
| ______ | ______ | ______ | __ ____ | ______ | ||||
| Total funds | 3195725 | 220668 | (219192) |
- | - | 3197201 | ||
| _ | ______ | ______ | __ ____ | ______ |
Designated Fund
The designated fund is called the Partnership Fund and is used for supporting members of the Church in full time training or ministry.
Restricted Funds
The Building Project was completed in 2009. The loan payments and gifts received to pay for this project have been handled separately. The loans are now paid off in full but one member still pays into the fund. The income received by the Toddler group is also restricted and is managed by a dedicated group on behalf of the Church. During 2020 the Pearson Legacy was received by the Church and is treated as a restricted fund see note 12 above.
Transfers
No transfers were made during the reporting period.
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