Charfty number: 1132492 SHOEBURYNESS AND THORPE BAY BAPTIST CHURCH UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
SHOEBURYNESS AND THORPE BAY BAPTIST CHURCH CONTENTS PaJe Reforenco and admlnlstratlvo dgtalls of thg chailty, Its trustees and advlsgrs Trustees. report Indopendgnt gxamlngrfs report ststement of financial acttvitles 10 Balanco sheet 11 Notes to the financlal statements 12-28
SHOEBURYNESS AND THORPE BAY BAPTIST CHURCH REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023 Trustees Rev D Mayne IresYJned 31 October 20231 Rev J C Hellenbrand (appointed 21 November 20231 S Evans V C Bakgr (appointed 21 November 20231 P Burnham (appointed 21 November 2023) D Hardingham A Churton (reswJned 1 February 2023} K Peters M Amdd Iresigned 6 November 2023) G Bannister lappoinled 2 April 20231 Charlty reglstBrod number 1132492 Princlpal office 90 Thorpedene Gardens Shoeburyness Soulhend on Sea Essex SS3 9JD AcGountants Venthams Chartered Accountants Millhouse 32- 38 East street Rochford Essex SS4 1DB Bankors National Westminster Bank 132 High Street Southend on S6a Southend on Sea Essex SS11JX The Co-operativg Bank PO Box 250 Delf House Southway Skelmersda WN8 6wr Page 1
SHOEBURYNESS AND THORPE BAY BAPTIST CHURCH TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees present their annual report togethèr with the financial statements of the charty for the year endj 31 December 2023. The trUstS confimi that the annual report and financial 8tal8ments of the charity comp with current statutory requirem&nls, the r8quiremenls of the charivs governing dUment and the provisions of the Statement of Recommended Practice {SORPI, applicable to charities pr8paring their accounts in accordance with the Financial Reporting Standard appllcable in the UK and Republ of Ireland IFRS 1021 (effectwe 01 January 20151. ObJeGtIvgs and actlvltles a. Polktes and objectives The principal PUTpose of the Church 18 the advancement of the Christian faith according to the prIlpIeS of the Baptist denomination. As a Membgr of the Baptist Union of Great Brttain the Chur¢h subscribes to th8 Union'8 Declaration of Principle which is: _ 'That our Lord and Samour Jesus Christ. God manifest in the flesh, is th@ sole and absolLrte authority in all matters pertaining lo faith and prliCe, as revealed in the Hoty Scriptures, and that each church has libety, under the guidance of the Holy Spirit, to interpret and administer Hi8 law8. That Christian Baptism is the immersion in water into the name of the Father, the Son and Holy Spirll. of those who have professed repentance towards God and faith in our Lord Je$us Christ who diod for our sins according to the Scriptures., was buried, and rose again on the third day. That f( is the duty of every disriple lo bear personal withe8S to the g08pel of Jesus Christ, and to lake part in the evangelisation of the wortd.. In Setting objectives and planning for activitie5, the Trustees have given due con8ideratlon lo general guidance published by the charty commission rglating to public benefit and in particular thg guidance on charities for the advanment of religion. b. Actlvltles undertaken to a¢hi¢vo obJectlve8 The Ghurch is affiliated to the Bapt[81 Unlon of Great Britain, 15 a committed part of the Eastem Bap118t Association, and remains part of tho Soulhend Area Baptist Network. The formal membership of the church numbers approximately 210 with addit81 people regularly attending wlhout becoming fomial members. During 2023 we welcorned 17 new members and 7 people were baplised. There are new people attending each week. and the church is working lo be even more effectwe al welcoming and integrating new peoplg into the churth community. Our gathered worship continues to be a SOUTce of encouragement and joy. Sunday morning services INe- streamed via YouTube with a regular number of people engaging this way, and our monthly First Wednesday and Evening Prayers & Communign sgrvices continue lo provide opportuniles for more traditional and reflective worship. As well as observing the main events of the liturgical calendar, 59rvices have included series. exploring The Psalms of Ascent, the visions of the prophet Ezekiel, and the last words spoken by Jesus on the cross. Over the summer months we once again held our 'Why l Am A Christian, services, wth six people from the church sharing their own stories of faith. Teaching and preaching in the seNices has b*n offered by the church'8 Pastors. members of the congregation, and visiting 8peakeryd. Many people in the church continue lo meet regularly in small groups during the week. and the weekly Bib Study continues to thrwe. Pastoral caie is still a Signfficant part of our life together. Working with the Pastoral Team, this ar of church life 18 overseen by our new Pastor for Caring & SeNing ministries, Rev Jo Hellenbrand. Jo's ministry has already brought much love, care and compassion to our work both inside and outside of the church. During the latter Page 2
SHOE8URYNES8 AND THORPE BAY BAPTIST CHURCH TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 ObJectlve8 and actlvltle9 Icontlnued) part of the year, and working with our local ArulKan church, we have rgvived our ministry leading serve5 in local care homes. Care homes are also supported by our Parish Nursing team, who continue to flourish and have their efforts recognised by external bodies, including Parish Nursing Ministries UK. There has been a particular growth in our work with those sufferlng with dementia, and their carers. Our other work in the k)Gal Gommunty continues, with our Week distribution ntre se88ion5 wfth Southend Fcodbank provKling a vital seryice. MUNCH has continued to tackle holiday hunger and encourage familles to cook together through the provision (rf recipe bags. Th& worf( th Children, Youth and Families remains central to all we do, with many children and young people attending mKlweek groups as well as Sunday activrties. Following the receipt of grant funding during 2022, wo have been able to continue to partner wlh a iocal therapy practice Ic) provide mental health support to young people who would otherwise not be able lo access ti. A group of nearty 30 young people attended the Satellites summer festival, and an even bigger trip Is being planned for 2024. The work of our Boys, Brigade & Girl's Ass(Kiation continues to be faithfully supported by a committed team of volunteers, and engages wf(h many families across our community. As part of our ongoing commitment lo social justice and inclusion, the church has been active in supporting other churches becoming affirming and registering for equal marriage during the year. We continue to wotk towards an Eco Chureh Gold award, wrih a krge bank of solar panels installed on our bullding during the autumn. We included a series of reflections on Black History Month during our Sunday moming services, and continue to l¢x)k for opportunities to engage wf(h the important work of racial justice. Thg church continued lo rent out 1 Lambourn Close for th8 first half of the year, beforfj.startirrfJ the proce8$ of selling the propety lanlicipated to be completed in earfy 20241. The rental income was used to help fund improvement works on the church buildings throughout the year. The Shoebury Book Shed continues lo raise money each month. as well as providing a dlfferent way of engaging with the community. During the summer Rev David Mayne, our Lead Pastor, accepted the call lo be the next Regional Mini818r Team Leader of the Eastern Baptist Associalion IEBAI, and his final Sunday wf(h us was on 5th November. The EBA will be renting the manse at 88 Thorpedene Gard9ns from STBBC, whilst they search for a property for David lo move into. Achievements and perfom)ance a. Key perfonnance Indlcalors Thg Church is grateful to 115 members for donating generously to allow the Church to fu11 its prggramme of aclivf(ie8 in the local area and to support its mission partners further afield. Of its £329,806 ineome {predominandy achieved through donations and associated Gift Aid tax recovery) the church has provMJed gran18 to other organisations of £17,725. b. Revlew of actlvitles The TnJ8tee8 recognise that these aspects can be drfruIt to measure and that the church does not lake numerical or financial figure5 ?$ the prime of assessing the church'$ mission and ministry. Much of the work of the church is more difficult to measure in tangib ways, such as people growng in their faith. or more people in the local community being blessed. An oper2t5ng budget Is approved annually and the day to d8y finances are administered by the Finance Administrator. Fin8nce reports are provided monthly to the trustees, and shared at regular intervals with 811 church member8. Remuneration of employed staff 18 set by Iruslees, and is agreed by all church members as part of approving the operating budget for the year. Thg church 15 heovily reliant on members and others who serve as volunteers Page 3
SHOEBURYNESS AND THORPE BAY BAPTIST CHURCH TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Achievements and perfomiance {contlnuedl across all aSpS of the Ghurch's wod(. Many groups and activf(ies have little impact on the church's expenditure but contribute signrficantly lo the furthering of the church's objective8. General fund income for 2023 was £265,399 12022 £253,178) and related expenditure excluding prortY deprKiation was £3(,88S12022- £313.2621 resutting in a deficit of £41,486 for 202312022 - deficit of £60,084). Total income, including general fund. designated funds and restrited funds for 2023 was £329,8¢K12022 £328,212) with expenditure of £419,19312022 - £422,388), which resulted in a net deficit for the year of £89,387 (2022 nel deficit £94,176). Details of income and expenditure can be found in the Stslement of Financial Activities and the a880Chgted note8. Total resetves at the end of the year are £2,285,52712022 - £2,359,99SI. of which £39,289 {2022 - £48.5071 are restricted. Unrestricted cash reserves at the end of the year ar8 £75,016 {2022 - £99,683), well in excess of that required by the reserves policy which is Set out below. Thèra are no commitments or guarantees requiring disclosure. STBBC continues to support, connect with, and work alongslde a number of nebNorks and organi$alion8 across the UK. As well as suppjrting the Baptist Union's Horne Mission appgal, wg SUPPOrt the work of Christians Against Poverty, HeartEdg8, the Ozanne Foundation, and Southend Foodbank. We continued to support a family church planting in Pwle, and we consi81entty seek to offer support and help to other churches. particuLgrly through the Southend Area Bapllsl NefvKJrk. Beyond the UK, we continue lo support the work of BMS World Misslon. partlcularly the Spears famlly In Chad, and Reach Out to the Child and their ongoing work in South Africa. Financial rnview a. Golng concem The Trustees have a reasonable eXpatiC that the charty has adequate resources to continue in operational eStenCe for the fores*ablè future. For this reason, they continue to adopt the going ¢on¢ern b1$ in preparing the financral statements. b. Reserves poIIcy The trustees have agreed a reserves policy which is broadly gquivalgnt lo 4 month's direct costs and support costs. The Trustees regularly review the resetves wlicy as part of the review of all finance policies. Recommen(lations are made to the church and agreed by the members at a Church Members, meeting. c. Prlnclpal rfsk8 and uncgrtalntle8 The prfnclpal financlal risk lo the church is a significant drop in income as a resutt of Changes to the donor base or changes in circumstances which reduce the ability of donors to give lo the church al currenl levels. An additional risk is a reduction in income from hiring out our premises as a result of a change in needs of external hirers, or desirabilty of the building. The Trustees continu8 to monitor the level of donats'ons and premis8s hire income as well as other risks to income such as those from national and glthal economic changes and the Impact of health crL8es and conflicts. Page 4
SHOEBURYNESS AND THORPE BAY BAPTIST CHURCH TRUSTEES. REPORT ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 d. Prlnclpal fundlng Financial responsibility for the WOTk of the church rests with 118 members and the regular congregation through free-will offerings. In addition, approximately a frfth of our funding 18 received from hiring out the church buildings to external organisations and groups. Page 5
SHOEBURYNESS AND THORPE BAY BAPTIST CHURCH TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Structure. governance and management . Constltutlon Shoeburyness and Thorpe Bay Baptist Church was registered as a chariiy on 05 November 2009 under Char Registered Number 1132492, and is conslituled under a Trust deed. The Church is govemed and regulated by its own membeT8. Al 8ignlfunt aspect8 of the work of the Church are subj&t to the approval of the Church Meeting. Members of the Church are accepted into membership in accordance wlh the Const((ution, which requiros them to profess their faith in Jesus Christ. b. Methods of appointm8nt or election of Trustees The Leadership Team and Pastors were for a number of years the sokg Trustees of the Church. In 2013 the Church voted for a Trustee Board lo be sel up, lo relieve the Leadership Team of these responsibilities. Trustees are appointed at a Chuich Members Meeting and have responsibility for the Gharitable govemanGe of the Church. ¢. Organlsatlonal structure and declslon-maklng policies 2023 saw a numbèr of staff changes, and at the end of the year the team consists of: Pastor for Caring & SeNing Ministriès Pastor for Children & Families Parish Nurse Youth Worker & AV Technician ExecutNe Assistant lo the Lead Pastor Qob 5hare} Finance Administrator operatnS Manager OperatK)n8 Team Assistant The 8earEh for a new Lead Pastor will begin in 2024, and f( is intended that a new Children & Families Worker and Caretaker be appointsd also. We continue to be a ng Wage employer. Plans forfuture p8rfods As well as Continuing to work out our H¢Jpe & Hospitalrty framework, during the next year we plan to.. Call a new Lead Pastor - Begin the year wlh a Week of Prayer Continue building good relationships wf(h other churches in Shoeburyness & Thorpe Bay - Continue lo open to new ways of serving our communty ak)ngside our current ministrie8 Page 6
SHOEBURYNESS AND THORPE BAY BAPTIST CHURCH TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 statemant of Trustoes, responsibilities The Tru81ees are re8pon8ible for preparing the Tnjstees, report 8nd Ihe financial statements in &rdanCe with applicable law and United Klngdom Accounting Standard5 (United Kingdom Generally Accepted Accounting Practice). The law applicable lo charities in England & Wales requir8s the Trustees to prepare financial statements for each financial year which gwe a true and fair wgw of the slate of affairs of the Charity and of its incoming res¢xirce8 and application of re80urce8, including its Income and expenditure, for that period. In preparing these financrdl stalemenls, the Trustees are required to.. select suitable accounting policies and then apply thom con515tently', observe the methods and principles of the Charities SORP IFRS 102),. make judgrnents and accounting estimates that are reasonable and prudent". state whether applicable UK Accounting Stsndards IFRS 102} have bèen followed, subject to any material departures disclosed and explained in the financi81 statements- prepare the financial statements on the g(Nng ¢on¢orn basi$ unless it is inappropriate to presume that the Charity 11 continue ill business. The Tnjstees are responsible for keeping &Jequale accounting re¢ords that are SLrfficienl lo show and explain the Charitys transactions and disc1050 Imlh reasonable accuracy al any time the financial position of the Charity and enable them to 8nsure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Report8} Regulations 2008 and the provisions of the Trust deed. They are aso responsible for safeguarding the assets of the Charty and hence for taking reasonabb steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Truslggs and signed on their behalf by.. K Peters Chair of Tnjslees Date.. Page 7
SHOEBURYNESS AND THORPE BAY BAPTIST CHURCH INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 20rJ Indopendent Examlnerfs Roport to the Trustees of Shogburyness and Thorpg Bay Baptlst Church {Ihg Charity'l I report to the charty Trustees on my examination of the accounts of the Charity for the year ended 31 December 2023. Responslbllltles and Basls of Report As the Trustees ol the Charity you are responsible for the preparation of th8 accounts in accordance w((h the requirements of the Charities Act 2011 Ilhe 2011 Art). I report in respect of my examination of the Chartys accounts carried out urKJer secaion 145 of the 2011 Act and in carrying out my examination I have followed tha applicable Direction8 given by the Charity Commission under section 14515)Ibl of the 2011 A¢t. Independent Examlnetrs Statemonl Since the Charitls gross income exceeded £250,000 your examlner must be 8 member of 8 listed in section 145 of the 2011 Act. I confirni that l am qualified to undertake the examination because l am a member of the Association of Chartered Certifi8J Accounlanls. 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.. Stalomenl of Rocommended Practice applicable to charf(ies preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in Preferen to the Accounting and Reporting by Charities.. Statement of Recommended Practice is8u on 1 ri1 2005 which is referred to in the extant regulations but has been withdrawn. l understand that this has been done in order for the accounts to prowde a true and fair view in accordance with lh$ GeneralAcCepted 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 Connectic with the examination giving me cause to believe that in any material respect.. accountlng record8 were not kept In respect of the Charity as required by 8ection 130 of the 2011 Act,. or the accounts do not accord wlh those record5,' or the accounts do not comply wth the applicablo requirements conc@ming the fo and content of accounts sel out In the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue and fairf view which is not a matter ¢onsidera as part of an independent examination. I have no concerns and have come across no other matters in connection wth the examinati to which attention should be drawn in thi8 report in order to en8bl8 a prtyer und8tandIng of the accounts to be reached. Page 8
SHOEBURYNESS AND THORPE BAY BAPTIST CHURCH INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 310ECEMBER 2023 This report Is made solety to the Charitls Trustses, 88 a boty. in accordance wf(h Part 4 of the Charities (Account8 and Reports} Regulations 2008. My work has been undertaken so that I might slate lo the ChariV8 Trustees those matters l am requirod to slate lo them in an independent examinerfs report and for no other purpose. To the fullest extent pemiitled by law, I do not accept or assume responsibility to anyone other than the Charity and the Charitys Trustees as a body, for my work or for this ret. sJnJ.' Trevor Mccarthy FCCA Venthams Chartered Accountant8 Millhouse 32- 38 East Street Rochford Essex SS4 1DB Page 9
SHOEBURYNESS AND THORPE BAY BAPTIST CHURCH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted funds 2023 Restrlcted funds 2023 Total funds 2023 To(al funds 2022 Note Incomefrom: Donations and leg8cies Charitable activitles Investments 215,310 79,105 2.661 233 32,497 215,643 111,602 2,661 210,502 115,884 1.826 Total incom 297.076 32,730 329,806 328,212 Expendlture on: Charitable tMt$ 377,245 41,948 419,193 422,388 Total expdIture 377,245 41.948 419.193 422,388 Net expendlture before net galnslllossesl on Investments Net gainslllosse5) on investsment$ (80,169) 14,919 19,218 189.3871 14,919 (94, 176) (18,254) Net movement in fvnds {65.2501 19,218) 174A681 (112,430) Reconclllatlon of fvnds: Total funds brought ford Ngt movement in funds 2.311.488 (65,250) 48,507 {9,2181 2,359.995 174,468) 2,472,425 (112.430) Total fund$ Garried forward 2,246.238 39,289 2,285,527 2,359,995 Page10
SHOEBURYNESS AND THORPE BAY BAPTIST CHURCH 8ALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Notg Fixod assets Tangible assets 12 2,050A85 2,090,566 2,050,485 2,090,566 Curront assets Debtors Inv8Stmenls Cash at bank and in hand 13 14 29,378 106,192 114,305 47, 144 90.309 148,191 249,875 285,644 Creditors: amounts falling dug wrthin one year 15 (14.833) (16.215) Net current assets 235.042 269.429 Total net assets 2,285,527 2,359,995 Charity fvnds Restricted fLJnds Unrestricted funds 16 39.289 2.246.238 48,507 2,311,488 Total funds 2,285.627 2.359,995 Tho finanGial statements re approved and authorised for issue by the Trustees and SIgn on their behalf by.. K Pete Chair of Trustees Dale.. Page11
SHOEBURYNESS AND THORPE BAY BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 General Infom)allon Shoeburyness and Thorpe Bay Bap115t Church is a regisl8red chartty in the United Kingdrxn. The registered number of the charity and the principal office can be found on the company Information page. Accounting policies 2.1 Basis of preparation of tinanei81 statements The financial statements have been prepareil in accordance with the Charities SORP {FRS 102) - Accounting and ReporÉing by Charitie8: Statement of Recommended Practic& applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 leffectNe 1 January 20151. the Financial Reportiro Standard applicable in the UK arKI Republ of Ireland IFRS 1021 and the Charities Act 2011. The financial slatgmenls have en prepared lo give a 'lrue and faif view and have departed from the Charitie8 (Accounts and Report81 Regulations 2008 only lo the extent required to prowdo 8 'lrue and fairf view. This departure has involved following the Charities SORP IFRS 102} published ¢Jn 16 July 2014 rather than the Accounting and Reporting by Charities: Slalement of ReCmended Piaclice effeclive from 1 April 25 which has since been wthdrawn. Sho&buryness and Thorpe Bay Baptist Church meets the definition of a publK beneff( entity under FRS 102. Assets and Ilqbililies are inrtially recogni8ed al historical c08t or transaction value unlgss othermse stated in the relevant a¢UtIng policy. 2.2 Income All income is recognisgd once the Charity has enliUemenl to Ihg incorne, it is probable that the irtcome will be rec8Ned and the amount of income receivable can be measured relbly. The recognfcion of income from legacies is dependent on establishing enlrtlement, the probabilty of eipt and the abilty to 881im8le with sufficient accuracy the amount receivable. Evidence of enlrtlemènl to a legacy exists whèn the Charity has sufficient evldence that a has been left to them Ilhrough knowledge of the existence of 8 valid will and the death of the benefactor) and the execulor is satisfied that the property in question will not be required lo 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 lo the Charity, can be reliably measured. 2.3 Expendlturn ExpendTiure is recognised once there is a legal or K)nstructive obligation to transfer economic benefit lo a third party, it is probable that a IransfeT of econom benefits will be required in settkm@nl and the amount of the obligation can be measured reliably. Expenditure is classified by activty. The costs of each actmty aro made up of the lolal of direct costs and shared costs, including support costs involved in undertaking each acb'vity. Direct costs attributable to a single tIvity are allocated directSy lo that actwity. Shared costs which contribute lo more than one actwty and support costs which are not attributable lo a single activity are apportioned between those activities on a basis consislenl with the use of resources. Central staff costs a allocated on the basis of time spent, and depreciallon charges allocated on the portion of the asset's use. Expenditure on charrtable activities is incurred on direcuy undertaking the activities which further the Charity's objectives. as well as any associated 8UPPOrt costs. Page 12
SHOEBURYNESS AND THORPE BAY BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng pollcles (contlnuad) 2.3 Expfrndlture {¢ontlnuedl Grants payable are eharged in the year when the offer is made excopl in those cases where the offeT is conditional, such grants being recognised as expendf(ure when the condrtions att&hing are fulfilled. Grants offered Subject to conditions which have not been met 8t the year end are rK)led as ¢ommiimenl, but not accrued as expenditure. All expenditure is inclusive of irrecoverabig VAT. 2A Interest recelvable Interest on funds held on deposit is induded when receNable and the amount can be measured reliabty by the Charity., this is normally upon nolificalion of the interest paid or payab by the Institution vlth whom the fund$ ar& deposited. 2.5 Tanglble flxed assets and depreclatlon Tangible fixed assets costing £250 or more are ¢apitali8ed and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fix&Y assets are initially renised al co81. After recognition, under the cost model, langible fixed assets are Measur at Cost less acCumulatj depreciation and any accumulated impairment losses. All costs incurred lo bring a tsngible fLx¢d a5s91 into 115 intgndod working Gondltion should be induded in the measuromonl 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 estimat useful lives. Depreciation is provided on the following bases- Freehokj property Fixtures and fillings 50 years straight line 1 & 20Qh Slraighl Line 2.6 Debtors Trade and other debtors are recognised al the settlement amount after any trade discount offer8d. Prepayrnents are Valu at the OUnt prepaid net of any trade discounts due. 17 Cash at bank and in hand Cash al bank and in hand includes cash and shtsrt-tèrm hlghly liquid investments with a short maturity of three months or less from the dale of acquisition or opening of the deposit or similar coUnt. Page13
SHOEBURYNESS AND THORPE BAY BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ounting poli¢ie$ lconlinued) 2.8 Liabllities and prov19ions Liabilities are recognised when there is an obligation at the balance sheet date as a resuli of a p88t event, il is probable that a transfer of economic benefft will be required in settlem8nl, and tho amount of the settlement can be estimated reliably. abilities are recognised ai the amount that the Charty anticipates il wll pay to s8tt1e the debt or the amount it has receThied as advanced payments forthe goods or services rt must provide. Provisions are measured at the best estimate of the amounts required lo 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 rale that reflects the risks 5pecrfic lo the IKabllty. Thè unwinding of lh8 discount is recognised in the statement of financial aclmties as a finance cost. 2.9 Financial instruments The Charity onty has financlal a88ets and financlal liablllties of a klnd that qualfy as b88ic financial instruments. Basic financial instruments are Initial recognised al transaction value and subsequent measured at their settlement value with the exceptson of bank loans which are subsequent measured al amorUsed cost uslng the effèctive inlere8t methc(l. 2.10 Pensions The Charfty operates a defined contribullon pension scheme and thè pension charge represents th8 amount8 payable by the Charity to the fund in respect of the year. The GhaTity operates a defingd benefits pgn$ion sGhem¢. The sGheme is a mulli-employer scheme whero it is not possible, in the normal Course of events, to identify on a consistent and reasonable basis, the share of underlwng assets and liabilities belonging to individual participatin9 employers. Therefore, as required by FRS17 'RÈtiremenl bènefits,, thè charty aecounls for this scheme as if it was a defined contiibulion scheme. The amount charged tr) the Statement of financial 8Ctiirities represents contributions payable to the 8cheme in respect of the accounting period. 2.11 Fund accountlng Ggneral funds are unrestricted funds which are available for usg al the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not teen desunated for other purposes. De8ignaled funds comprise unrestricted fund8 that have been set aside by th8 TrL¢Stees for particular purposes. The aim and use of trach d8signaled fund 1$ set OLrt In the notes to the financial stalemenls. Restricted funds are funds which ar8 to be used in accordance with specific restrictions imposed by donors or whh have been raised by the Charity for particular purposes. The costs of raising and administering such fund$ are charged against the spècffie fund. The aim and use of each restred fund is set out in the notes lo the financial statements. Inve5bnenl income, gains and losses are allocat1 to the appropriale fund. Pago14
SHOEBURYNESS AND THORPE BAY BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Incomo from donation$ and legacle9 Unrestrfctgd Restricted funds funds 2023 2023 Total funds 2023 Donations 191,917 23,393 233 192,150 23.393 Legacies 215,310 233 216.643 Unrnsthcled R8Stncted funds funds 2022 Total funds 2022 Donations 194,987 15,515 210.2 Income from charltable actlviti88 Unrestrict8d Restrrcted funds funts 2023 2023 Total funds 2023 Community groups Charitable rental income 17,934 61.171 32,497 50,431 61,171 79,105 32,497 111.602 Unrestricted funds 2022 Resfncled funds 2022 Total funds 2022 Communty groups Charitable rental income 19,633 58,669 37,582 57.215 58,669 Tot812022 74302 37,582 115,884 Page 15
SHOEBURYNESS AND THORPE BAY BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Investment Income UnTestri¢ted funds 2023 Total funds 2023 Income from local listed investments Interest receivable 1,142 1,519 1.142 1,519 2,661 2,661 UnTrstric18d funds 2022 Tolal funds 2V22 Income from thal listed Investments Interest tteab]e 1, 103 723 1, 103 723 1,826 1,826 Anatysls of grants Grants to Institutions 2023 Total funds 2023 Grants, Mission and Ministry 17.725 17,725 Grnnls to Instrfutions 2022 Total funds 2022 Grants, MisS)n and Mini8ty 17,700 17.700 Thg Charty has made the following mal8rial grants to institutions during the year.. Page 16
SHOEBURYNESS AND THORPE BAY BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Analysls of grants (continued) 2023 2022 Nam8 of Instltutlon BMS World Mission BUGB Home Mission European Baptist Federatlon Reach Out To The Child CAP in Soulhend Southend FoDdbank Church Mission SOcty Ozanne Foundation Steph&n Lawrence Day Foundation 6.000 5,250 500 1,750 2,500 1.100 250 250 125 6,600 5.250 2,500 600 250 17.725 17,700 Analysls of expendlture on charltablo actlvltlos Summ•ry by fund type Unrestrlcted Restricted funds funds 2023 2023 Total 2023 Mission and Ministry 377,245 41,948 419,193 Unreslricted funds 2022 Reslncl8d funds 2022 Total 2022 Mi35ion and Ministry 385, 759 36,629 422,388 Page 17
SHOEBURYNESS AND THORPE BAY BAPTIST CHURCH NOTES TO THE FINANCiAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Analysls of expandltur8 by actlvltlos Actlvities undertaken dlrectly 2023 Grant funding of actlvltles 2023 Support Total funds 2023 2023 Mission and Ministry 244,425 17,725 157.043 419.193 Activities undertaken diTrcUy 2022 Grdnl funding ol &ctNvitses 2022 Support Tot funds 2022 2022 Mission and Ministry 263,210 17,7Ct) 141,478 422,388 Analysls of dlrect costs Ml88lon and Ministry 2023 Total funds 2023 Staff costs Depreciation Staff training and expenses Sunday8. srnall groups and discipleshlp Misslon Youth, children and families Pastoral care and coun9elling Accommodation (Profrtllloss on sale of fixed assets 104,086 76,544 3,941 9,074 15,521 29,267 828 4.891 273 104.086 76,544 3.941 9,074 15,521 29.267 828 4.891 273 244.425 244.426 Page 18
SHOEBURYNESS ANDTHORPE BAY BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Analysis of expenditure by actlvltlas {contlnuod) Analysis of direct Costs (continued) M0 and MNnistry 2022 Total funds 2022 Staff costs Depreciation Staff training and expenses Sundays. small groups and discipleship MIssh)n Youth, children and families Pastoral care and counselling Accommodation IProfil)lloss on sale of fixed assets 106,499 73,862 4,273 16,468 30,112 21.337 1,233 9,267 159 106,499 74862 4,273 16,468 30,112 21.337 1,233 9,267 159 263,210 263,210 Analysls of support costs Mission and Ministry 2023 Total funds 2023 Staff costs Offe costs Accommodation Governance costs 75,633 13,398 63.949 4,063 75,633 13,398 63,949 4,063 157,043 157,043 Mission and Ministry 2022 Total funds 2022 74113 14, 798 47,452 4,115 75,113 14,798 47,452 4,115 Office costs AGcommoJation Govemance costs 141,478 141,478 Page 19
SHOEBURYNESS AND THORPE BAY BAPTIST CHURCH NOTES TO THE FINANCIAL STATEPAENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Independent examlner's remuneration 2023 2022 Fees payable lo the Charitys independent examingr for the independent examination of the Charills annual accounts 3,630 3,360 10. Stsff costs 2023 2022 Wag&s and salarigs Social security costs Contribution to defined contribution pension schemes 169,560 3,369 6,790 168,291 4,602 8, 719 179,719 181,612 The average number of persons employed by the Charity durfng the year was as folk)ws: 2023 No. 2022 Ministry s18ff Operations staff 13 13 No employee rewved remuneration amounting lo more than £60,000 In ellher year. Page 20
SHOEBURYNESS AND THORPE BAY BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 11. Trttee$. remuneratlon and expenses AS permltted by the Church's constilutvJn, remuneratic)n was paid to Trnstees for ministerial wort( wlhin the Church. Rev David Mayne, Rev Joanna HelK8nbrand and Vidoria Baker. Of people connected to the Trustees, Catherine Bannlster the Parish Nurse who is marrd to the Trustee Graham Bannister. was remunerated accordingly. The aggragale total of unr8Stricted donation$ Calved by the Charrty from ils Trustees amountsd to £24,26312022 - £22,159). Durtng the year retirement ben8fi.ts wero accruing to 1 Trustee 12021 11 in respect of defined contribution pension schemes. 11 Tangiblè flxed assets Freehold Flxtures and property flttlngs Total Cost or valuatlon At 1 January 2023 Additions Disposals 3,176,069 437,096 37,111 18101 3.613,165 37,111 18101 At 31 Dttember 2023 3,176,069 473R97 3,649,466 Dapreclatlon At 1 January 2023 Charge for th8 year On disposals 1,131,512 61,921 391.087 14,623 11621 1.522.599 76,544 1162) At 31 Oecember 2023 1,193.433 405,548 1.598,981 Not book value At 31 December 2023 1.982,636 67,849 2,050,485 At 31 DeGefflber2022 2,044,557 46.009 2,090,566 P4e 21
SHOEBURYNESS AND THORPE BAY BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 13. DebtOf8 2023 2022 Due after more than one yoar other debtors 20,000 20,000 Due wlthln one year Tr&Je debtors Other debtors Prepayment8 and accrued income 4,364 5,000 20,014 5,670 21,474 29,378 47, 344 14. Current asset Investments 2023 2022 Listed investments 106,192 90,309 15. Credltots: Amounts falllng due within one year 2022 Tr&Je creditors Other taxation and social securty Pension fund ban payabl& Other creditors Accruals and deferred income 8.375 1,272 341 20 4,825 Q426 1, 778 151 5,860 14,833 16,215 Page 22
SHOEBURYNESS AND THORPE BAY BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 16. Ststement of funds Statement of funds - current year Balance at 31 Galnsl Docember (Losses) 2023 Balance at 1 January 2023 Income Expenditure UnTestrlcted funds Doslgnatgd funds Felbwship Fund Staff Development Fund Premises Improvoment Fund Book Shed 2,962 1.451 29,475 1,620 474 11501 11,451} 16.670} 11681 3,286 29,603 1.600 52,408 3,052 3S,508 31,677 {8.439) 58,746 Balance at 31 Galnsl D8cember (L068e81 2023 Balance at 1 January 2023 Income Expend5ture General funds General Fund Land and Building Fund 231,423 2,044,557 265.399 {30685) 161,921 } 14,919 204,856 1.982.636 2,275,980 265,399 {368,8061 14,919 2,187,492 Total Unrestrlcted funds 2,311,488 297,076 1377,246} 14,919 2.246.238 Page 23
SHOEBURYNESS AND THORPE BAY BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 16. Statement of funds Icontinuedl Balance at 31 Galnsl December (Losses) 2023 Balance at 1 January 2023 Incomè Exponditure Restrfcted funds Saturday Club S.H.A.R.E lincorpor81ing Parish NutEiNJl Match 17 Parish Nursing Grant Youth Camp Slay & Play Church Weekgnd Emery Legacy Munch Heart F.dge Slniging For The Brain Youth Wellbeing Food Bank Future Ministry ECO Church 1,609 233 19731 2,288 7.275 11,580) 12,0871 11.5551 17051 11401 151 {4,529} 116091 170) 11,1081 14,1531 2,196 5.188 5.360 1.862 62 6,915 2,567 202 4,529 2.522 2,285 2.750 2,663 2,215 1,985 3.635 1,567 11,571 116 2,740 7,788 1,314 18,305 6A17 9,418 116.1521 (1181 48.S07 32,730 141,948) 39,289 Balance at 31 Galnsl Decembar (Losses) 2023 Balance at 1 January 2023 Income Expgndrture Total of ndS 2,359.995 329,806 (419,193 4,919 2,285,527 Page 24
SHOEBURYNESS AND THORPE BAY BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 16. Ststomgnt of fund$ Icontinugd) ststoment of funds- prforyear Balance al 31 Decembei 2022 BalanGg al l January 2022 Trnnsfers in/oul Gainsl (Losses) Income Expenditu Unrestricted funds Deslgnatgd funds Fdlowship Fund staff Development Fund Premises Improvement Fund Household Support BcN)k Shed 2811 310 (t59) 2.962 2,511 32 (1,092) 1,451 18,825 14,887 (4,237) 29,475 5,030 1,678 (5,030) (58J 1,620 24,147 21,937 (10,576) 35, Balance al 31 D8cemtsr 2022 Balance al t Jgnuary 2022 TnSfe in/oul Gain (L(se5) InG(Ime Expgndilu Gengral funds General Fund Land and Building Fund 306,CQO 253. 178 (313,262) 3.761 (18.254) 231,423 2. 10&478 (61.921J 2,044,&fj7 2,412,478 253, 178 (375, 183) 3,T61 (18,254) 2,275,980 Total Unrestrlcted funds 2,436,625 275,115 (385,759) 3, 761 (18,254J 2,311,488 Page 25
SHOEBURYNESS AND THORPE BAY BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 16. Statement of funds Icontinuedl Balan al 31 December 2022 Balanco al l January 2022 TMnsfe Nn/oul Gain (Losses) Income Expenditu Regtrfcted fund5 Saturday Club Lunch Club S.HAR.E (incorporating Parish Nursing) Match 17 Church Weekend Emery Legacy Munch Heart Edge SinLqing For Th8 Brain 1,457 1,661 212 (60) (911) 1,609 (750) 4,003 (2,465) 750 2,288 7,275 7,275 3,362 9,360 9.588 3,097 15,303 (14,899) (4.831J (8,256J {792J (3,761) 4,529 2,522 2,285 1, 190 {50) 709 10,000 3, 12Q 18.305 234 (397) (2,212) (1,806) 50 353 7,788 1,314 18,305 234 Youth Wellbeing Food Bank Future Ministry ECO Church 35,800 53,097 (36,629) (3,761) 4a507 Balance a 31 D8cembei 2022 Balance at l January 2022 Tnsfer& in/oul G81 (Losses) Income Expenditu Total of funds 2,472,425 328,212 (422,388) (18,254) 2,359,995 Page 28
SHOE8URYNESS AND THORPE BAY BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YE4R ENDED 31 DECEMBER 2023 17. Summary of funds Summary of funds- current year Balan at 31 Galnsl December {Lossesl 2023 Balance at 1 January 2023 Income Expend5turo Designated funds General funds Reslricled fund8 35,508 2.275,980 48,507 31,6TI 265.399 32,730 {8A391 {368.806} 141,9481 58,746 1187.492 39,289 14.919 2,3S9.996 329,806 1419,1931 14,919 2,285,527 Summary of funds - Prlor yoar Balance at 31 Gainsl D8cembei (Losses) 2022 881ce al l January 2022 Tmnsf81 Inloul Income Exp8nditu Designated funds General funds Restricted funds 24.147 2,412,478 35,8C 21,937 253, 178 53,097 {10,576J (375, 183) {36,629) 35,X18 (18,254) 2,275,98Q 48,7 3,761 (3, 761) 2,472,425 328,212 (422,388) (18,254) 2,359,995 18. Anatysls of ngt assets bgtwegn funds Analysis of not assats btheon funds - currgnt ygar Unrestrlcted Restricted funds funds 2023 2023 Total fund¥ 2023 TarvJible fixed assets Current assets Creditors dua wllhln ¢J)8 year 2,046,762 214,309 {14,833} 3,723 35,566 2,050,485 249.875 (14,8331 Totsl 2,246.238 39,289 2,286,527 Page 27
SHOEBURYNESS AND THORPE BAY BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 18. Analysls of net assets betsveen funds Icontlnuedl Analysls of not assets betwoen funds - prlor year UnTrslricfed fvnds 2022 ReBtiicfed funds 2022 Total funds 2022 Tangible fixed assets Debtor8 due after more than one year Current assets Creditors due wf(hin one year 2,085,304 20,(KJO 222,399 (16.215J 5.262 2,090,566 20,000 265,644 {16,215J 43,245 Totsl 2,311,488 48,S)7 2,359,995 19. Pension commitments The charity operates a defined contributions pension scheme. The 888e18 of the 8cheme are held separately from those of the charty in an independently administered fund. The pensi)n cost charge represents contributions payable by the charity to the fund and amounted to £6,790 12022 - £8,719)- Contributions tolalling £341 12022 £1511 were payable to the fund at the balance sheet date and are includ&J in credf(ors. Pe28