Charity number: 1132492
SHOEBURYNESS AND THORPE BAY BAPTIST CHURCH
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
SHOEBURYNESS AND THORPE BAY BAPTIST CHURCH
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the charity, its trustees and advisers | 1 |
| Trustees' report | 2 - 6 |
| Independent examiner's report | 7 - 8 |
| Statement of financial activities | 9 |
| Balance sheet | 10 |
| Notes to the financial statements | 11 - 27 |
SHOEBURYNESS AND THORPE BAY BAPTIST CHURCH
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2022
| Trustees | Trustees |
|---|---|
| Rev D Mayne | |
| S Evans | |
| M Wallace (term ended 5 July 2022) | |
| D Hardingham | |
| A Keshiro (resigned 21 October 2022) | |
| A Churton | |
| K Peters | |
| M Arnold (appointed 5 July 2022) | |
| S Prinsloo (term ended 5 July 2022) | |
| Charity registered number 1132492 Principal office 90 Thorpedene Gardens Shoeburyness Southend on Sea Essex SS3 9JD Accountants Venthams Chartered Accountants Millhouse 32 - 38 East Street Rochford Essex SS4 1DB Bankers National Westminster Bank 132 High Street Southend on Sea Southend on Sea Essex SS1 1JX The Co-operative Bank PO Box 250 Delf House Southway Skelmersdale WN8 6WT |
Page 1
SHOEBURYNESS AND THORPE BAY BAPTIST CHURCH
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2022
The Trustees present their annual report together with the financial statements of the charity for the year ended 31 December 2022. The trustees confirm that the annual report and financial statements of the charity comply with current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 01 January 2015).
Objectives and activities
a. Policies and objectives
The principal purpose of the Church is the advancement of the Christian faith according to the principles of the Baptist denomination.
As a Member of the Baptist Union of Great Britain the Church subscribes to the Union’s Declaration of Principle which is: -
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“That our Lord and Saviour Jesus Christ, God manifest in the flesh, is the sole and absolute authority in all matters pertaining to faith and practice, as revealed in the Holy Scriptures, and that each church has liberty, under the guidance of the Holy Spirit, to interpret and administer His laws.
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That Christian Baptism is the immersion in water into the name of the Father, the Son and Holy Spirit, of those who have professed repentance towards God and faith in our Lord Jesus Christ who died for our sins according to the Scriptures; was buried, and rose again on the third day.
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That it is the duty of every disciple to bear personal witness to the gospel of Jesus Christ, and to take part in the evangelisation of the world.”
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the charity commission relating to public benefit and in particular the guidance on charities for the advancement of religion.
b. Activities undertaken to achieve objectives
The church is affiliated to the Baptist Union of Great Britain, is a member of the Eastern Baptist Association, and remains committed to the Southend Area Baptist Network. The formal membership of the church numbers approximately 225 with additional people regularly attending without becoming formal members. There are new people attending each week and after difficult period over recent years, the church is growing again.
Over the course of the year Sunday mornings have continued to come back to life following the pandemic, with a full year of on-site and on-line worship. Sermon series’ have focused on the book of Deuteronomy, Michael Curry’s teaching in his book ‘Love is the Way’, and on the main events of the Christian calendar such as Lent, Easter, Pentecost, Advent, and Christmas. Over the summer months we revived our ‘Why I Am A Christian’ services, with six people from the church sharing their own stories of faith.
Many people in the church continue to meet regularly in small groups during the week, and the weekly Bible Study continues to grow. 2022 also saw the return of our on-site Lent Talks, inviting people from outside the church to come and share about their ministry.
In March we returned to the High Leigh conference centre for a Church Weekend, with teaching from Rev John Good from Luke’s Gospel; this was an excellent time of building community and learning together. Throughout the year we have also hosted events as part of the work of the HeartEdge network.
In March we also launched a new monthly midweek service, which is followed by a light lunch. This is gradually growing and has had an encouraging start.
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SHOEBURYNESS AND THORPE BAY BAPTIST CHURCH
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022
Objectives and activities (continued)
In November we launched ‘Hope & Hospitality’, which is our new vision/framework for the coming years. Agreed by members earlier in the year, Hope & Hospitality lays out our priorities and areas of focus, which all seek to build on what we have learnt in recent years as well as what we hope to see in the future.
Pastoral care continues to be a significant part of our life together. Building on the work of Pastoral Team, we hope to call a new Pastor to help with this work in 2023. Our Parish Nursing ministry continues to thrive, particularly the work with those suffering with dementia.
Our work in the local community continues, with our weekly distribution centre sessions with Southend Foodbank providing a vital service. MUNCH continues to tackle holiday hunger and encourage families to cook together through the provision of recipe bags.
The work with Children, Youth and Families remains a key way the church engages with our local community, with many children and young people attending midweek groups and Sunday activities. With the receipt of grant funding during the year, we have also been able to partner with a local therapy practice to provide mental health support to young people who would otherwise not be able to access it.
As part of our ongoing commitment to social justice and inclusion, the church has been active in supporting other churches becoming affirming and registering for Same-Sex marriages during the year. We continue to work towards an Eco Church Gold award, and are exploring ongoing ways of engaging with issues of racial justice. .
The church continues to rent out 1 Lambourn Close and used this rental income to help fund improvement works on the church buildings throughout the year. The launch of The Shoebury Book Shed in March raised a small amount of money each month, as well as providing a new way of engaging with the community.
Our premises are well used across the week. We have agreed to install solar panels to reduce our carbon footprint and our energy costs and hope this will happen soon into 2023. Members agreed to purchase a neighbouring plot of land but this not did not progress due to the number of restrictions being placed on the land which made its purchase far less viable.
Achievements and performance
a. Key performance indicators
The Church is grateful to its members for donating generously to allow the Church to fulfil its programme of activities in the local area and to support its mission partners further afield. Of its £328,212 income (predominantly achieved through donations and associated Gift Aid tax recovery) the church has provided grants to other organisations of £17,700.
b. Review of activities
The Trustees recognise that these aspects can be difficult to measure and that the church does not take numerical or financial figures as the prime way of assessing the church’s mission and ministry. Much of the work of the church is more difficult to measure in tangible ways, such as people growing in their faith, or more people in the local community being blessed.
An operating budget is approved annually and the day to day finances are administered by the Finance Administrator. Finance reports are provided monthly to the trustees, and shared at regular intervals with all church members.
Remuneration of employed staff is set by trustees, and is agreed by all church members as part of approving the operating budget for the year. The church is heavily reliant on members and others who serve as volunteers across all aspects of the church’s work. Many groups and activities have little impact on the church’s expenditure but contribute significantly to the furthering of the church’s objectives.
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SHOEBURYNESS AND THORPE BAY BAPTIST CHURCH
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022
Achievements and performance (continued)
General fund income for 2022 was £253,178 (2021 - £263,192) and related expenditure excluding property depreciation was £313,262 (2021 - £271,836) resulting in a deficit of £60,084 for 2022 (2021 - deficit of £8,644). Total income, including general fund, designated funds and restricted funds for 2022 was £328,212 (2021 - £311,146) with expenditure of £422,388 (2021 - £360,713), which resulted in a net deficit for the year of £94,176 (2021 - net deficit £49,567). Details of income and expenditure can be found in the Statement of Financial Activities and the associated notes.
Total reserves at the end of the year are £2,359,995 (2021 - £2,472,425), of which £48,508 (2021 - £35,800) are restricted. Unrestricted cash reserves at the end of the year are £99,683 (2021 - £132,431), well in excess of that required by the reserves policy which is set out below.
There are no commitments or guarantees requiring disclosure.
STBBC continues to support, connect with, and work alongside a number of networks and organisations across the UK. As well as supporting the Baptist Union’s Home Mission appeal, we support the work of Christians Against Poverty, HeartEdge, the Ozanne Foundation, and Southend Foodbank. We continue to support a family church planting in Poole, and we consistently seek to offer support and help to other churches, particularly through the Southend Area Baptist Network.
Beyond the UK, we continue to support the work of BMS World Mission, particularly the Spears family in Chad, and Reach Out to the Child and their ongoing work in South Africa. During 2021 we completed a period of years supporting 28 Too Many and their work of ending FGM.
Financial review
a. Going concern
Although the charity has been affected by the COVID-19 pandemic, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.
b. Reserves policy
The trustees have agreed a reserves policy which is broadly equivalent to 4 month's direct costs and support costs.
The Trustees regularly review the reserves policy as part of the review of all finance policies. Recommendations are made to the church and agreed by the members at a Church Members' meeting.
c. Principal risks and uncertainties
The principal financial risk to the church is a significant drop in income as a result of changes to the donor base or changes in circumstances which reduce the ability of donors to give to the church at current levels. The trustees continue to monitor the level of donations as well as other risks to income such as those from national and global economic changes and the impact of health crises and conflicts.
d. Principal funding
Financial responsibility for the work of the Church rests with its members and the regular congregation through free-will offerings.
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SHOEBURYNESS AND THORPE BAY BAPTIST CHURCH
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022
Structure, governance and management
a. Constitution
Shoeburyness and Thorpe Bay Baptist Church was registered as a charity on 05 November 2009 under Charity Registered Number 1132492, and is constituted under a Trust deed.
The Church is governed and regulated by its own members. All significant aspects of the work of the Church are subject to the approval of the Church Meeting. Members of the Church are accepted into membership in accordance with the Constitution, which requires them to profess their faith in Jesus Christ.
b. Methods of appointment or election of Trustees
The Leadership Team and Pastors were for a number of years the sole Trustees of the Church. In 2013 the Church voted for a Trustee Board to be set up, to relieve the Leadership Team of these responsibilities. Trustees are appointed at a Church Members Meeting and have responsibility for the charitable governance of the Church.
c. Organisational structure and decision-making policies
During 2022 one member of staff moved on, two moved into adjusted roles with more responsibility, and it was agreed to begin the search for a new part-time Pastor for Caring & Serving Ministries to join the team in 2023. We continue to be a Living Wage employer.
At the end of 2022 the staff team consisted of: Lead Pastor Executive Assistant to the Lead Pastor (job share) Pastor for Children & Families Youth Worker & A.V. Technician Parish Nurse Finance Administrator Operations Manager Operations Team (Caretaker) Operations Team Assistant Operations Team (Housekeeper)
Plans for future periods
Following the launch of Hope & Hospitality in the autumn of 2022, our main priorities for the coming years are to:
-
Inspire Hope and Hospitality in Jesus’ name – developing new ways for people to explore the Christian faith, spending more time in prayer, and continuing our work serving the local community.
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Renewing Hope and Hospitality with all people – building on our Statement of Inclusion to further create a community that welcomes everyone by engaging with issues of justice and creating spaces for people to share meals and build relationships.
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Embracing Hope and Hospitality in all creation – working to improve our environmental commitments as part of the Eco Church scheme, doing more to make use of the arts, developing our premises to ensure they remain welcoming and easy to navigate.
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Developing Hope and Hospitality in collaboration with others – strengthening our ties with other local and national charities, making time to build better relationships with others.
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SHOEBURYNESS AND THORPE BAY BAPTIST CHURCH
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2022
Independent examiner's report to the Trustees of Shoeburyness and Thorpe Bay Baptist Church ('the Charity')
I report to the charity Trustees on my examination of the accounts of 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 accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed 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 the Association of Chartered Certified Accountants, which is one of the listed bodies.
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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) 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 been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the 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:
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accounting records were not kept in respect of the Charity as required by section 130 of the 2011 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.
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.
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SHOEBURYNESS AND THORPE BAY BAPTIST CHURCH
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022
| Note Income from: Donations and legacies 3 Charitable activities 4 Investments 5 Total income Expenditure on: Charitable activities 7 Total expenditure Net (expenditure)/income before net (losses)/gains on investments Net (losses)/gains on investments Net (expenditure)/income Transfers between funds 16 Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2022 £ 194,987 78,302 1,826 275,115 385,759 385,759 (110,644) (18,254) (128,898) 3,761 (125,137) 2,436,625 (125,137) 2,311,488 |
Restricted funds 2022 £ 15,515 37,582 - 53,097 36,629 36,629 16,468 - 16,468 (3,761) 12,707 35,800 12,707 48,507 |
Total funds 2022 £ 210,502 115,884 1,826 328,212 422,388 422,388 (94,176) (18,254) (112,430) - (112,430) 2,472,425 (112,430) 2,359,995 |
Total funds 2021 £ 227,678 81,037 2,431 311,146 360,713 360,713 (49,567) 13,260 (36,307) - (36,307) 2,508,732 (36,307) 2,472,425 |
|---|---|---|---|---|
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| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Note | E | E | ||||||
| Fixed assets | ||||||||
| Tangible | assets | 12 | 2,090,566 | 2,160,287 | ||||
| 2,090,566 | 2,160,287 | |||||||
| Current |
assets | |||||||
| Debtors | 47,144 | 46,609 | ||||||
| Investments | 90,309 | 107,654 | ||||||
| Cash at | bank | and | in hand | 148,191 | 168,231 | |||
| 285,644 | 322,494 | |||||||
| Creditors: | amounts | falling due within one | ||||||
| year | 15 | (16,215) | (10,356) | |||||
| Net current |
assets | 269,429 | 312,138 | |||||
| Total net assets | 2,359,995 | 2,472,425 | ||||||
| Charity |
funds | |||||||
| Restrictedfunds | 16 | 48,507 | 35,800 | |||||
| Unrestrictedfunds | 16 | 2,311,488 | 2,436,625 | |||||
| Totalfunds | 2,359,995 | 2,472,425 |
SHOEBURYNESS AND THORPE BAY BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
1. General information
Shoeburyness and Thorpe Bay Baptist Church is a registered charity in the United Kingdom. The registered number of the charity and the principal office can be found on the company information page.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The 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 the Charities SORP (FRS 102) published 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.
Shoeburyness and Thorpe Bay Baptist Church meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charity, can be reliably measured.
Grants are included in the statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
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SHOEBURYNESS AND THORPE BAY BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
2. Accounting policies (continued)
2.3 Expenditure (continued)
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
2.4 Government grants
Government grants relating to tangible fixed assets are treated as deferred income and released to the statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited to the statement of financial activities as the related expenditure is incurred.
2.5 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
2.6 Tangible fixed assets and depreciation
Tangible fixed assets costing £250 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .
Depreciation is provided on the following bases:
- Freehold property 50 years straight line - Fixtures and fittings 10% & 20% Straight Line
2.7 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.8 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
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SHOEBURYNESS AND THORPE BAY BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
2. Accounting policies (continued)
2.9 Liabilities and provisions
Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the statement of financial activities as a finance cost.
2.10 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.11 Pensions
The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.
The charity operates a defined benefits pension scheme. The scheme is a multi-employer scheme where it is not possible, in the normal course of events, to identify on a consistent and reasonable basis, the share of underlying assets and liabilities belonging to individual participating employers. Therefore, as required by FRS17 'Retirement benefits', the charity accounts for this scheme as if it was a defined contribution scheme. The amount charged to the Statement of financial activities represents contributions payable to the scheme in respect of the accounting period.
2.12 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
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SHOEBURYNESS AND THORPE BAY BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
3. Income from donations and legacies
| Unrestricted funds 2022 £ Donations 194,987 Unrestricted funds 2021 £ Donations 204,422 Legacies - Government grants 12,802 217,224 Income from charitable activities Unrestricted funds 2022 £ Community groups 19,633 Charitable rental income 58,669 78,302 Unrestricted funds 2021 £ Community groups 8,245 Charitable rental income 51,354 Total 2021 59,599 |
Restricted funds 2022 £ 15,515 Restricted funds 2021 £ 454 10,000 - 10,454 Restricted funds 2022 £ 37,582 - 37,582 Restricted funds 2021 £ 21,438 - 21,438 |
Total funds 2022 £ 210,502 |
|---|---|---|
| Total funds 2021 £ 204,876 10,000 12,802 227,678 |
||
| Total funds 2022 £ 57,215 58,669 115,884 |
||
| Total funds 2021 £ 29,683 51,354 81,037 |
4. Income from charitable activities
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SHOEBURYNESS AND THORPE BAY BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
5. Investment income
| Unrestricted funds 2022 £ Income from local listed investments 1,103 Interest receivable 723 1,826 Unrestricted funds 2021 £ Income from local listed investments 566 Interest receivable 1,865 2,431 |
Total funds 2022 £ 1,103 723 1,826 |
|---|---|
| Total funds 2021 £ 566 1,865 2,431 |
6. Analysis of grants
| Grants, Mission and Ministry Grants, Mission and Ministry |
Grants to Institutions 2022 £ 17,700 Grants to Institutions 2021 £ 16,550 |
Total funds 2022 £ 17,700 |
|---|---|---|
| Total funds 2021 £ 16,550 |
The Charity has made the following material grants to institutions during the year:
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SHOEBURYNESS AND THORPE BAY BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
6. Analysis of grants (continued)
| Name of institution BMS World Mission BUGB Home Mission Reach Out To The Child CAP in Southend Southend Foodbank Church Mission Society Ozanne Foundation Clarence Road Baptist Church Love Purfleet |
2022 £ 6,600 5,250 2,000 2,500 600 500 250 - - 17,700 |
2021 £ 6,000 3,750 2,300 2,000 - 300 200 1,000 1,000 |
|---|---|---|
| 16,550 |
7. Analysis of expenditure on charitable activities
Summary by fund type
| Unrestricted funds 2022 £ Mission and Ministry 385,759 Unrestricted funds 2021 £ Mission and Ministry 342,866 |
Restricted funds 2022 £ 36,629 Restricted funds 2021 £ 17,847 |
Total 2022 £ 422,388 |
|---|---|---|
| Total 2021 £ 360,713 |
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SHOEBURYNESS AND THORPE BAY BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
8. Analysis of expenditure by activities
| Mission and Ministry Mission and Ministry |
Activities undertaken directly 2022 £ 263,210 Activities undertaken directly 2021 £ 222,246 |
Grant funding of activities 2022 £ 17,700 Grant funding of activities 2021 £ 16,550 |
Support costs 2022 £ 141,478 Support costs 2021 £ 121,917 |
Total funds 2022 £ 422,388 |
|---|---|---|---|---|
| Total funds 2021 £ 360,713 |
Analysis of direct costs
| Staff costs Depreciation Staff training and expenses Sundays, small groups and discipleship Mission Youth, children and families Pastoral care and counselling Accommodation (Profit)/loss on sale of fixed assets |
Mission and Ministry 2022 £ 106,499 73,862 4,273 16,468 30,112 21,337 1,233 9,267 159 263,210 |
Total funds 2022 £ 106,499 73,862 4,273 16,468 30,112 21,337 1,233 9,267 159 263,210 |
|---|---|---|
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SHOEBURYNESS AND THORPE BAY BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
8. Analysis of expenditure by activities (continued)
Analysis of direct costs (continued)
| Staff costs Depreciation Staff training and expenses Sundays, small groups and discipleship Mission Youth, children and families Pastoral care and counselling Accommodation |
Mission and Ministry 2021 £ 102,637 70,963 2,722 9,321 17,395 9,428 1,078 8,702 222,246 |
Total funds 2021 £ 102,637 70,963 2,722 9,321 17,395 9,428 1,078 8,702 222,246 |
|---|---|---|
Analysis of support costs
| Staff costs Office costs Accommodation Governance costs Staff costs Office costs Accommodation Governance costs |
Mission and Ministry 2022 £ 75,113 14,798 47,452 4,115 141,478 Mission and Ministry 2021 £ 71,601 10,812 35,846 3,658 121,917 |
Total funds 2022 £ 75,113 14,798 47,452 4,115 141,478 |
|---|---|---|
| Total funds 2021 £ 71,601 10,812 35,846 3,658 121,917 |
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SHOEBURYNESS AND THORPE BAY BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
9. Independent examiner's remuneration
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Fees payable to the Charity's independent examiner for the independent | ||
| examination of the Charity's annual accounts | 3,360 | 3,000 |
10. Staff costs
| Wages and salaries Social security costs Contribution to defined contribution pension schemes |
2022 £ 168,291 4,602 8,719 181,612 |
2021 £ 159,537 3,894 10,807 |
|---|---|---|
| 174,238 |
The average number of persons employed by the Charity during the year was as follows:
| Ministry staff Operations staff |
2022 No. 5 8 13 |
2021 No. 5 8 |
|---|---|---|
| 13 |
No employee received remuneration amounting to more than £60,000 in either year.
Page 19
SHOEBURYNESS AND THORPE BAY BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
11. Trustees' remuneration and expenses
As permitted by the Church's constitution, remuneration was paid to one Trustee for ministerial work within the Church. Rev David Mayne received a salary of £37,154 (2021 - £36,295) and was reimbursed £9,393 (2021 - £7,345) for mileage and subsistence expenses. In addition, the Church made contributions into a pension scheme for Rev Mayne amounting to £7,567 (2021 - £9,496).
Sharon Prinsloo was reimbursed £Nil (2021 - £113) for work conducted on the church garden.
Anthony Churton was reimbursed £Nil (2021 - £166) for mileage and subsistence expenses.
Of people connected to the Trustees, Catherine Bannister the Parish Nurse who is married to the Trustee Graham Bannister, was remunerated accordingly.
The aggregate total of unrestricted donations received by the Charity from its Trustees amounted to £22,159 (2021 - £23,170).
During the year retirement benefits were accruing to 1 Trustee (2020 - 1) in respect of defined contribution pension schemes.
12. Tangible fixed assets
| Cost or valuation At 1 January 2022 Additions Disposals At 31 December 2022 Depreciation At 1 January 2022 Charge for the year On disposals At 31 December 2022 Net book value At 31 December 2022 At 31 December 2021 |
Freehold property £ 3,176,069 - - 3,176,069 1,069,591 61,921 - 1,131,512 2,044,557 2,106,478 |
Fixtures and fittings £ 481,055 4,300 (48,259) 437,096 427,246 11,941 (48,100) 391,087 46,009 53,809 |
Total £ 3,657,124 4,300 (48,259) 3,613,165 1,496,837 73,862 (48,100) 1,522,599 2,090,566 2,160,287 |
|---|---|---|---|
Page 20
SHOEBURYNESS AND THORPE BAY BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
13. Debtors
| Due after more than one year Other debtors Due within one year Trade debtors Prepayments and accrued income Current asset investments Listed investments Creditors: Amounts falling due within one year Trade creditors Other taxation and social security Pension fund loan payable Accruals and deferred income |
2022 £ 20,000 20,000 5,670 21,474 47,144 2022 £ 90,309 2022 £ 8,426 1,778 151 5,860 16,215 |
2021 £ 20,000 |
|---|---|---|
| 20,000 5,182 21,427 |
||
| 46,609 | ||
| 2021 £ 107,654 |
||
| 2021 £ 3,227 - 291 6,838 |
||
| 10,356 |
14. Current asset investments
15. Creditors: Amounts falling due within one year
Page 21
SHOEBURYNESS AND THORPE BAY BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
16. Statement of funds
Statement of funds - current year
| Unrestricted funds Designated funds Fellowship Fund Staff Development Fund Premises Improvement Fund Household Support Book Shed General funds General Fund Land and Building Fund Total Unrestricted funds |
Balance at 1 January 2022 £ 2,811 2,511 18,825 - - 24,147 Balance at 1 January 2022 £ 306,000 2,106,478 2,412,478 2,436,625 |
Income £ 310 32 14,887 5,030 1,678 21,937 Income £ 253,178 - 253,178 275,115 |
Expenditure £ (159) (1,092) (4,237) (5,030) (58) (10,576) Expenditure £ (313,262) (61,921) (375,183) (385,759) |
Transfers in/out £ - - - - - - Transfers in/out £ 3,761 - 3,761 3,761 |
Gains/ (Losses) £ - - - - - - Gains/ (Losses) £ (18,254) - (18,254) (18,254) |
Balance at 31 December 2022 £ 2,962 1,451 29,475 - 1,620 35,508 |
|---|---|---|---|---|---|---|
| Balance at 31 December 2022 £ 231,423 2,044,557 2,275,980 |
||||||
| 2,311,488 |
Page 22
SHOEBURYNESS AND THORPE BAY BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
16. Statement of funds (continued)
| Restricted funds Saturday Club Lunch Club S.H.A.R.E (incorporating Parish Nursing) Match 17 Church Weekend Emery Legacy Munch Heart Edge Siniging For The Brain Youth Wellbeing Food Bank Future Ministry ECO Church Total of funds |
Balance at 1 January 2022 £ 1,457 1,661 - 7,275 3,362 9,360 9,588 3,097 - - - - - 35,800 Balance at 1 January 2022 £ 2,472,425 |
Income £ 212 - 4,003 - 15,303 - 1,190 30 700 10,000 3,120 18,305 234 53,097 Income £ 328,212 |
Expenditure £ (60) (911) (2,465) - (14,899) (4,831) (8,256) (792) (397) (2,212) (1,806) - - (36,629) Expenditure £ (422,388) |
Transfers in/out £ - (750) 750 - (3,761) - - (50) 50 - - - - (3,761) Transfers in/out £ - |
Gains/ (Losses) £ - - - - - - - - - - - - - - Gains/ (Losses) £ (18,254) |
Balance at 31 December 2022 £ 1,609 - 2,288 7,275 5 4,529 2,522 2,285 353 7,788 1,314 18,305 234 48,507 |
|---|---|---|---|---|---|---|
| Balance at 31 December 2022 £ 2,359,995 |
Page 23
SHOEBURYNESS AND THORPE BAY BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
16. Statement of funds (continued)
Statement of funds - prior year
| Unrestricted funds Designated funds Fellowship Fund Staff Development Fund Premises Improvement Fund General funds General Fund Land and Building Fund Total Unrestricted funds |
Balance at 1 January 2021 £ 2,291 2,319 22,889 27,499 Balance at 1 January 2021 £ 105,316 2,354,162 2,459,478 2,486,977 |
Income £ 520 100 15,442 16,062 Income £ 263,192 - 263,192 279,254 |
Expenditure £ - (408) (8,701) (9,109) Expenditure £ (333,757) - (333,757) (342,866) |
Transfers in/out £ - 500 (10,805) (10,305) Transfers in/out £ 10,305 - 10,305 - |
Gains/ (Losses) £ - - - - Gains/ (Losses) £ 13,260 - 13,260 13,260 |
Balance at 31 December 2021 £ 2,811 2,511 18,825 24,147 |
|---|---|---|---|---|---|---|
| Balance at 31 December 2021 £ 58,316 2,354,162 2,412,478 |
||||||
| 2,436,625 |
Page 24
SHOEBURYNESS AND THORPE BAY BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
16. Statement of funds (continued)
| Restricted funds Saturday Club Lunch Club Night Shelter S.H.A.R.E (incorporating Parish Nursing) Match 17 Church Weekend Anti-modern Slavery Emery Legacy Munch Southend Emergency Heart Edge Total of funds |
Balance at 1 January 2021 £ 1,226 1,737 1,302 3,076 10,891 3,423 100 - - - - 21,755 Balance at 1 January 2021 £ 2,508,732 |
Income £ 454 - - 339 - - - 10,000 15,486 1,338 4,275 31,892 Income £ 311,146 |
Expenditure £ (223) (76) (1,302) (3,415) (3,616) (61) (100) (640) (5,898) (1,338) (1,178) (17,847) Expenditure £ (360,713) |
Transfers in/out £ - - - - - - - - - - - - Transfers in/out £ - |
Gains/ (Losses) £ - - - - - - - - - - - - Gains/ (Losses) £ 13,260 |
Balance at 31 December 2021 £ 1,457 1,661 - - 7,275 3,362 - 9,360 9,588 - 3,097 35,800 |
|---|---|---|---|---|---|---|
| Balance at 31 December 2021 £ 2,472,425 |
Page 25
SHOEBURYNESS AND THORPE BAY BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
17. Summary of funds
Summary of funds - current year
| Designated funds General funds Restricted funds |
Balance at 1 January 2022 £ 24,147 2,412,478 35,800 2,472,425 |
Income £ 21,937 253,178 53,097 328,212 Income £ 16,062 263,192 31,892 311,146 |
Expenditure £ (10,576) (375,183) (36,629) (422,388) Expenditure £ (9,109) (333,757) (17,847) (360,713) |
Transfers in/out £ - 3,761 (3,761) - Transfers in/out £ (10,305) 10,305 - - |
Gains/ (Losses) £ - (18,254) - (18,254) Gains/ (Losses) £ - 13,260 - 13,260 |
Balance at 31 December 2022 £ 35,508 2,275,980 48,507 2,359,995 |
|---|---|---|---|---|---|---|
| Balance at 31 December 2021 £ 24,147 2,412,478 35,800 2,472,425 |
||||||
| Summary of funds - prior year | ||||||
| Designated funds General funds Restricted funds |
Balance at 1 January 2021 £ 27,499 2,459,478 21,755 2,508,732 |
18. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Unrestricted funds 2022 £ Tangible fixed assets 2,085,304 Debtors due after more than one year 20,000 Current assets 222,399 Creditors due within one year (16,215) Total 2,311,488 |
Restricted funds 2022 £ 5,262 - 43,245 - 48,507 |
Total funds 2022 £ 2,090,566 20,000 265,644 (16,215) 2,359,995 |
|---|---|---|
Page 26
SHOEBURYNESS AND THORPE BAY BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
18. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior year
| Tangible fixed assets Debtors due after more than one year Current assets Creditors due within one year Total |
Unrestricted funds 2021 £ 2,154,044 20,000 272,937 (10,356) 2,436,625 |
Restricted funds 2021 £ 6,243 - 29,557 - 35,800 |
Total funds 2021 £ 2,160,287 20,000 302,494 (10,356) 2,472,425 |
|---|---|---|---|
19. Pension commitments
The charity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £8,719 (2021 - £10,807). Contributions totalling £151 (2021 - £291) were payable to the fund at the balance sheet date and are included in creditors.
Page 27