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← Greenford Baptist Church

2023-08-31-accounts

Registered Charity Number 1132486

Greenford Baptist Church

Annual Report And Financial Statements For The Year Ended 31 August 2023

Greenford Baptist Church Annual Report And Financial Statements Contents

Page
Church Information 1
Trustees' Report 2
Independent Examiner's Report 5
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9

Greenford Baptist Church Company Information

Trustees

Rev Warren McNeil Pastor Satyajit Deodhar Carleen Donaldson-Hall (Secretary) Rotimi Awoniyi (Treasurer) Hannah Adenubi Marsha Simone Lorna Dyce Fiona Winning

Property Trustees

London Baptist Property Board Ltd 235 Shaftesbury Avenue London WC2H 8EP

Independent Examiner

Barrington Hall, MAAT, FCCA Aqret Accounting And Consultancy Services Ltd The Vista Centre 50 Sailsbury Road Hounslow Middlesex TW4 6JQ

Address

Beechwood Avenue Greenford Middlesex UB6 9UA

Registered Charity Number 1132486

1

Greenford Baptist Church Trustees' Report 1132486 for the year ended 31 August 2023

Principal Objectives

We are a Registered Charity governed by an Approved Governing Document which states that our principal purpose is the advancement of the Christian faith according to the principles of the Baptist denomination, 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.

In order to fulfil our principal purpose and demonstrate public benefit, our activities include, but not limited to:

We occupy properties that are held in trust by the London Baptist Property Board Ltd.

Organisational Structure and Decision Making Process

Members of Greenford Baptist Church are accepted into membership in accordance with our Governing Document which requires them to profess faith in Jesus and be publicly baptised as believers of Jesus Christ.

Members’ meetings take place 6 times a year with a responsibility for the overall policy of the Church. Annual General Meeting takes place in February.

Church members’ meetings provide opportunity for the Trustees to present relevant matters for guidance and for members to raise matters with the Trustees. They are also a time when members can prayerfully consider current issues of particular relevance and importance. The Constitution permits decisions to be made by appropriate majority, however, we seek to work by consensus wherever possible.

In accordance with the Governing Document, the members elect trustees for a three year term. The Trustees are eligible for re-election. The Pastors and the Trustees are responsible for the day to day operations of the Church.

Other Objectives and Activities

We do not believe that church is just for Sundays and, in order to achieve our principal objective set out above, we provide a variety of activities for our own church family and for the wider community throughout the week. Our aim is to show the love of Jesus Christ in both words and deeds and to bring people into a closer relationship with Him as living Lord.

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Greenford Baptist Church Trustees' Report 1132486 for the year ended 31 August 2023

Central to our work and witness is our regular programme of Christian worship on Sundays. We seek to be a friendly and welcoming community and anyone is warmly welcome to attend any of our services.

The Church operates systems to ensure that all people working with children and vulnerable adults are appropriately vetted with regard to the Criminal Records Bureau.

The Church has read the Charity Commission guidance on public benefit, and is satisfied that the activities outlined in this report clearly demonstrate that the charity is providing a benefit to the public.

Evangelism

We see part of our core responsibility as bringing people to the Kingdom through evangelism. In pursuit of this aim, we organise Alpha courses for non-Christians and Christians seeking to recommit their lives to God, and run outreach programmes on Saturdays on our High Street.

Mission

Our mission is not limited to the United Kingdom. We aim to proclaim good news to the poor, to bind up the brokenhearted, to proclaim freedom for the captives and release from darkness for the prisoners and to proclaim the year of the Lord’s favour anywhere in the world.

In aid of this, we currently support 2 families in overseas mission with, teams regularly going out from the UK to support their work.

While we support overseas mission work by sending teams to other parts of the world and through financial support to the Baptist World Vision, we also support mission work in the UK through our continuing financial support of the London Baptist Association Home Mission programme.

Youth Programme

We invest in the development of our young people through from crèche to those away at University.

In the year under review, we have undertaken to continue our investment in manpower by recruiting more volunteers to assist in helping the young people reach their potentials in God.

3

Greenford Baptist Church Trustees' Report 1132486 for the year ended 31 August 2023

Financial review

The live streaming of Sunday Services on the Church's youtube channel is now fully operational.

Total income generated during to year to 31 August 2023 was £163,405 (2022 - £162,371) while - the total expenditure amounted to £216,487 (2022 - £176,859) resulting in a loss of £53,082 (2022 £14,488). The accumulated reserve amounted to £73,933 (2022 - £132,992).

30/10/24 This report was approved by the board on ______ and signed on its behalf.

Rotimi Awoniyi Treasurer

4

Greenford Baptist Church

The Independent Examiner's Report to the Trustees on the preparation of the financial statements of Greenford Baptist Church for the year ended 31 August 2023

I report to the Trustees on my examination of the accounts of Greenford Baptist Church ('the Trust') for the year ended 31 August 2023, which comprise the Statement of Financial Activites (SOFA), Balance Sheet and related notes.

This report is made solely to the Trustees in accordance with the Charities Act 2011 and the 2008 Regulations. My work has been undertaken so that I might state to the church's Trustees those matters I am required to state to them in an Independent Examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the church and the church's Trustees for my examination work.

Respective responsibilities of Directors and Examiner

The Church's Trustees are responsible for the preparation of the financial statements. They consider that an audit is not required for this year under Section 144 of the Charities Act 2011(the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of Independent Examiner's Statement

My examination was carried out in accordance with the General Directions given by the Charity Commission. 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 accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below.

Independent Examiner's Statement

My work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.

In connection with my examination, no matter has come to my attention:

5

Greenford Baptist Church

The Independent Examiner's Report to the Trustees on the preparation of the financial statements of Greenford Baptist Church for the year ended 31 August 2023

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.

==> picture [65 x 47] intentionally omitted <==

Barrington Hall, MAAT, FCCA

Independent Examiner Aqret Accounting And Consultancy Services Ltd Chartered Certified Accountants The Vista Centre 50 Sailsbury Road Hounslow Middlesex TW4 6JQ 31/10/24 Date: ____

6

Greenford Baptist Church Statement of Financial Activities for the year ended 31 August 2023

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----- Start of picture text -----
Unrestricted Restricted Total Total
Notes Funds Funds 2023 2022
£ £ £ £
Income and endowments from:
Donations and legacies 2 102,051 5,977 108,028 105,987
Charitable activities 54,764 54,764 55,636
Investments 83 - 83 32
Other - 530 530 716
Total income 156,898 6,507 163,405 162,371
Resources expended 4
Charitable activities 209,426 6,507 215,933 176,200
Other 554 554 659
Total 209,980 6,507 216,487 176,859
Net income/(expenditure) before
investment gains/(losses) (53,082) - (53,082) (14,488)
-
Net income/(expenditure) before transfers (53,082) (53,082) (14,488)
Transfer between funds - - -
Net movements in funds (53,082) - (53,082) (14,488)
Reconciliation of funds:
Total funds brought forward 127,015 5,977 132,992 147,480
-
Movements in the year (5,977) (5,977)
Total funds carried forward 73,933 - 73,933 132,992
----- End of picture text -----

The notes form part of the financial statements

7

Greenford Baptist Church Registered number: Balance Sheet as at 31 August 2023

1132486

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----- Start of picture text -----
Unrestricted Restricted Total Total
Notes Funds Funds 2023 2022
£ £ £ £
Fixed assets
Tangible assets 3 22,521 22,521 35,537
Current assets
Debtors 9 87,914 - 87,914 85,830
Cash at bank and in hand 11 2,459 2,459 20,214
-
90,373 90,373 106,044
Creditors: amounts falling due
within one year 10 (38,961) - (38,961) (8,589)
Net current assets 51,412 - 51,412 97,455
Net assets 73,933 - 73,933 132,992
Funds of the charity
Unrestricted funds - general 12 73,933 - 73,933 127,015
Restricted funds 12 - - - 5,977
Total funds 73,933 - 73,933 132,992
----- End of picture text -----

Rotimi Awoniyi Treasurer 30/10/24 Approved by the board on ______

The notes form part of the financial statements

8

Greenford Baptist Church Notes to the Accounts for the year ended 31 August 2023

1 Accounting policies

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with The Statement of Recommended Practice: 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) issued on 16 July 2014. The Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015.

The accounts (financial statements) have been prepared to give a "true and fair" view and 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 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) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The charity constitutes a public benefit entity as defined by FRS 102.

The presentation currency of the financial statements is the Pound Sterling (£).

Significant judgements and estimates

There are no significant judgements and estimates applied to the numbers contained within these financial statements.

Going concern

The charity's statement of financial activities shows net expenditure of £59,259 for the year. The Trustees are of the opinion that the charity has sufficient resources available at its disposal that will enable it to meet its obligations, if and when, they become due and it is on this basis they believe they should continue to adopt the going concern basis for the preparation of the financial statements.

Charitable funds

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Church and which have not been designated for other purposes.

Restricted funds are funds subject to specific conditions by donors as to how they may be used or which have been raised by the Church for particular purposes. The aim and use of the restricted funds are set out in the notes to the financial statements.

Incoming resources

All income is recognised in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources; it is more likely than not that the Trustees will receive the resources; and the monetary value can be measured with sufficient reliability.

Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA.

Grants and donations

Grants and donations are only included in the SOFA when the general income recognition criteria are met.

A grant that does not impose specified future performance-related conditions is recognised in income when the grant proceeds are received or receivable. In the case of performance related grants, income is recognised when the performance related conditions are met.

Legacies

Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met.

9

Greenford Baptist Church Notes to the Accounts for the year ended 31 August 2023

Tax claims on donations and gifts

Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.

Incoming resources from tax reclaims are included in the SOFA in the same financial period as the gift to which they relate.

Investment income

This is included in the accounts when receipt is probable and the amount receivable can be measured reliably.

Income from membership subscriptions

Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies.

Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities.

Settlement of insurance claims

Insurance claims are only included in the SOFA when the general income recognition criteria are met and are included as an item of other income in the SOFA.

Expenditure and liabilities

Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.

All expenditure is inclusive of irrecoverable VAT.

Governance and support costs

Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice, eg. the preparation of statutory accounts, the costs of Directors' meetings and legal advice to Directors on governance or constitutional matters.

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of the resources, eg. allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Tangible fixed assets

Fixed assets are capitalised if they can be used for more than 12 months.

Tangible fixed assets are measured at cost or reasonable value on receipt less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Improvements to buildings 10% straight line Plant, machinery and equipment 10%, 20%, 25%,33% and 50% straight line

Debtors

Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.

Creditors

The charity has creditors which are measured at settlement amounts less any trade discounts.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and demand deposits and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk to changes in value.

10

Greenford Baptist Church Notes to the Accounts for the year ended 31 August 2023

2 Analysis of income

Donations and legacies
Donations and gifts
Gift aid
Charitable activities
Rental income
Pastoral activities
Income from investments
Interest received
Other income
Other
Total
3
Tangible fixed assets (Unrestricted)
Cost
At 1 September 2022
Additions
At 31 August 2023
Depreciation
At 1 September 2022
Charge for the year
At 31 August 2023
Net book value
At 31 August 2023
At 31 August 2022		 Unrestricted
Funds
£
85,251
16,800
102,051
54,325
439
54,764
83
-
156,898		 Restricted
Funds
£
5,977
-
5,977
-
-
-
-
530
6,507
Improvements
to buildings
£
62,949
-
62,949
44,691
6,293
50,984
11,965
18,258		 Total
2023
£
91,228
16,800
108,028
54,325
439
54,764
83
530
163,405
Plant and
machinery
and equip
£
209,737
-
209,737
192,458
6,723
199,181
10,556
17,279		 Total
2022
£
89,187
16,800
105,987
54,320
1,316
55,636
32
716
162,371
Total
£
272,686
-
272,686
237,149
13,016
250,165
22,521
35,537

11

Greenford Baptist Church Notes to the Accounts for the year ended 31 August 2023

4 Analysis of expenditure

Expenditure on charitable
activities
Employee costs
Premises costs
General administrative expenses
Legal and professional costs
Other expenditure
Toddlers expenses
Total expenditure		 Unrestricted
Funds
£
85,204
46,826
74,444
2,952
209,426
554
209,980		 Restricted
Funds
£
-
6,507
-
-
6,507
-
6,507		 Total
2023
£
85,204
53,333
74,444
2,952
215,933
554
216,487		 Total
2022
£
83,155
38,558
51,407
3,080
176,200
659
176,859

Included in General administrative expenses are the amounts of £7,316 (2022: £13,115) in respect of Subscriptions and dontations £10,200 (2022: £10,200) for Missionary outreach, £24,997 (2022: £894) for Bad debts and £13,016 (2022: £13,179) for Depreciation.

5 Support costs

Support cost type
Fundraising
Activitiy
£
Independent examination fees
Total
-
6
Trustees' expenses
Number of Trustees who were paid expenses
Travel, training and computer software
7
Staff costs
Salaries and wages
Social security costs
Pension costs (defined contribution scheme)
Other employee benefits
Average head count in the year (Charitable activities)		 Charitable
Activity
£
-		 Governance
Activity
£
-
-
2023
£
2
407
2023
£
74,622
1,074
3,805
5,703
85,204
3		 Total costs
£
-
-
2022
£
2
1,071
2022
£
68,398
1,706
7,856
5,195
83,155
3

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.

The total amount paid to key management personnel (includes Trustees and senior management) for their services to the charity was £56,741 (2022 - £51,887) which was in accordance to their employment contracts.

8 Defined contribution pension scheme of defined benefit scheme accounted

All liabilities and expenses of the charity are in respect of 'Charitable Activities' and are financed totally by unrestricted funds. The amount of contributions recognised in the SOFA as an expense is £3,805 (2022 : £7,856).

12

Greenford Baptist Church Notes to the Accounts for the year ended 31 August 2023

9
Debtors
General debtors
10 Creditors: amounts falling due within one year
Taxation and social security costs
Other creditors
11 Cash at bank and in hand
Cash at bank and in hand
12 Statement of funds
Fund names
1-Sep-22
Balance
£
Unrestricted general funds
127,015
Restricted designated funds
5,977
132,992
Fund names
1-Sep-21
Balance
£
Unrestricted general funds
147,480
Restricted designated funds
-
147,480
Other debtors		 Income/
(expenditure)
£
(5,977)
(5,977)
Income/
(expenditure)
£
-		 Transfers
£
-
-
Transfers
£
(5,977)
5,977
-		 2023
£
82,726
5,188
87,914
2023
£
2,089
36,872
38,961
2023
£
2,459
Gains/
(losses)
£
(53,082)
-
(53,082)
Gains/
(losses)
£
(14,488)
-
(14,488)		 2022
£
60,832
24,998
85,830
2022
£
1,594
6,995
8,589
2022
£
20,214
31-Aug-23
Balance
£
73,933
-
73,933
31-Aug-22
Balance
£
127,015
5,977
132,992

Unrestricted general funds : These are in respect of Charitable activities. Restricted designated funds : These are in respect of the car park refurbishment project.

13

Greenford Baptist Church Notes to the Accounts for the year ended 31 August 2023

13 Related party transactions

Name of Trustee or related
party
Relationship to
charity
Description of transaction(s)
B Hall - Aqret Accounting
Independent
Examiner
Independent examination
Pastor Satyajit Deodhar
Pastor
Remuneration and expenses
Rev Warren McNeil
Pastor
Remuneration and expenses		 Amount
£
-
19,582
37,160		 Balance at
end of period
£
-
15,875
36,012

Suppliers are paid via bank transfer upon completion of work in respect of the year and the submission of an invoice. The Pastors and Trustees are paid via bank transfers through payroll and upon receipt of expenses incurred on behalf of the Church.

14