Cannon Street Memorial Baptist Church Annual Report for the year ended 31[st] March 2021 Statutory Information
Charity Name Cannon Street Memorial Baptist Church Registered Address 300 Soho Road, Handsworth, Birmingham, B21 9NA
Charity Registration Number 1134123 Pastor Bryan Scott (Minister, Team Leader) Pastor Leone Inez Hayles (Admin) Durrant Atkinson Janet Smith Josephine Molyneux Stewart Pebble Eleen Harvey Patsy Mair Sharon Geohagon-Smith
Property Trustees
Heart Of England Baptist Association BMS International Centre 24 Weoley Park Road Selly Oak Birmingham, B29 6QX
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Bankers
Barclays Bank 351-359 Soho Road, Handsworth Birmingham B21 9SE
Independent Examiner
Keith Roger Moore KLM Accounts 15 Shenstone Road Great Barr Birmingham B43 5LW
Annual Report for 2020/21
The Charity Trustees present their Annual Report and financial statements for 2020/21.
Charitable Object
The Church means members of the charitable unincorporated association governed by this constitution and known as Cannon Street Memorial Baptist Church (or such other name as shall subsequently be adopted by decision of the Church Members’ Meeting and with the consent of the Charity Commission).
Purpose
The principal purpose of the Church is the advancement of the Christian faith according to the principles of the Baptist denomination. The Church may also advance education and carry out other charitable purposes in the United Kingdom and/or other parts of the world.
We are a warm, caring and friendly fellowship. Worship styles are a mixture of traditional and modern. We are a black majority inner-city Church, a lively charismatic-evangelical fellowship striving to ‘empower God’s people’. As bible
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believing Christians, we minister in a multi-racial, multi-faith community. We have a thriving work amongst over 80 young people. We have a luncheon club that serves the community. People enjoy our lively worship, bible based preaching and our friendly welcome.
Mission Statement :-
“Empowering God’s People “:- We seek to empower people in the following ways.
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By leading them to a personal knowledge of Jesus Christ, to whom all power has been given in heaven and earth.
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By praying for them to be filled with the Holy Spirit.
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By teaching from the Bible, to build up faith, give new hope and offer life-changing direction and guidance.
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By offering pastoral care and counselling, helping them to find their God-given potential.
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By assisting young people especially in spiritual and general education.
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By creating an atmosphere of fellowship, acceptance and friendship in the Lord.
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By ministering to our Community through funerals, weddings, dedications, Olive Branch community outreach and by supporting Community based issues such as health, race and community services.
Membership and Church Attendance:-
Attendance at our morning worship as dropped dramatically due to the pandemic and owing to all our services now being on zoom or u tube. Our membership record stands at 275 members. Due to the pandemic we are not doing evening services at the moment.
There are 8 Deacons with a specific area of responsibility, which are: Cell Group, Prayer, Youth, Administration, Olive Branch Outreach, Sunday school, Mission and Pastoral. Our Praise and Worship, Evangelism Treasurer, and Premises deacons post are all vacate at the moment.
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Staff:-
We currently have one full time Minister, Team Leader Reverend Bryan Scott and 1 Trainee Minister (currently at college) Miss Leone Martin. We also employ a full time Admin Assistant who provides all our secretarial needs. We also have several volunteers in the office to help with any general office duties.
Worship:-
Our morning worship is a mix of modern and traditional choruses and hymns using the Complete Mission Praise and Redemption hymn books and our audio visual screen. It is supported by our musicians and led by our choir and Praise and Worship Team.
Sunday school:-
Our Sunday school was well attended again before the pandemic set in.
Evangelism:-
We have, for the last 15 years, taken part in a ‘Walk of Witness’ which takes place on Good Friday, walking in a procession, together with other Churches in the Community, through the heart of Handsworth witnessing to everyone we encounter, neighbours or people just passing through the area, shopping or going about their general business.
We also promote other evangelistic events such as Open-Air Witness. The word of God is usually preached together with singing, testifying and distributing leaflets and also sharing our faith with the Community and praying for anyone who may request prayers. This takes places four times a year and is usually very well attended not just by our church but other churches within the community.
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Prayer Meetings
Again we did have serval prayer meetings each week until the pandemic set in.
Fresh Fire Service
This is a late night prayer meeting, which is held once per month on the second Friday from the 10pm - 1am. We now do this by zoom.
Funerals and Baby Dedication
We also host regular dedication and funeral services throughout the year which has turned out to be a very good opportunity for evangelism though funerals are sad occasions. For example, we were advised that a number of converts had their first encounter with God through their attendance at the church, when attending a funeral.
Social Caring
We have a Luncheon Club, which runs from Tuesday to Thursday. Members of the community come in and fellowship with us whilst eating a meal. We provide up to 15 meals a day serving a variety of Caribbean cuisine. We also now deliver food to people in their homes and even some meals to the local hospital as and when required or requested. Members volunteer their time to organise this venture.
Premises
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We have various rooms which consists of, the main Church Hall, (The Sanctuary), School Room, Olive Branch, Kitchen, and an extension to the Olive Branch Community Centre, Upper floor with a capacity for about 80 people. Our premises are used for a variety of functions i.e. Baptism, private parties, concerts, funeral receptions and events for the voluntary and nonvoluntary sector.
Church Events:-
Annual events at Cannon Street consists of a Family Fun day, Dads & Lads Away weekend, Conferences.
Family Fun day – This usually takes place on a Saturday in July with various activities such as sports, bouncy castles, face painting, stalls, exercise classes, music and food at the Laurel Road Community Centre.
Dads & Lads Away Weekend – It is an opportunity to work and fellowship with boys and young men aged 9-17yrs, they participate in outdoor adventures such as camping, paint balling, abseiling, bicycle riding and go-carting, barbeques and various fun outdoors activities.
Conferences and Training – Various throughout the year.
Annual Retreat
Members, friends and families attends, there are normally guest speakers with seminars and workshop throughout this interactive weekend. This is a time to seek the Lord and is usually held at a hotel in the countryside where there is little or no distractions to take away from purpose of retreat.
Christmas Dinner for the Homeless
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The Church has provided and continues to provide a full Christmas dinner to the homeless, our seniors and those members of the community who would otherwise be on their own over Christmas. This is provided free of charge. We also provide hampers for those in need. A Christmas atmosphere is provided. This is very much appreciated, well attended and enjoyed immensely by those who attend. This service is provided entirely by volunteers from within the Church.
Ecumenical Activities:-
Handsworth & District Christian Outreach is a group of approximately 12 Local Churches who meet to evangelise together e.g.:- Good Friday Walk of Witness, Open Air ministry, and an annual United Service of Local Churches etc.
Hands Outstretched is a small group from approximately three Churches who meet together to prepare for schools outreach by going into Schools to teach the gospel in a fun way and sometime take assembly. We are looking to extend this ministry to enable us to go into more schools to spread the gospel.
Cannon Street is part of an Organisation known as the Council of Black Majority Churches which provides various educational and social needs for the Community.
House Groups
Takes place in the homes of members once every fortnight; we take part in Bible studies and fellowship together. This follows our midweek Bible study in the church which is conducted on alternative Wednesday evenings.
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Structure, governance and management
The appointment of Charity Trustees shall be undertaken by processes that are public, clear and open so that all Church Members are enabled to consider prayerfully who should be appointed as Charity Trustees. The process shall ensure that notice is given of any forthcoming election so that Church Members may freely nominate prospective Charity Trustees. These names shall be submitted (after they have indicated a willingness to be appointed) for decision to the Church Members with the intention of ensuring that those appointed have a sufficient level of support from them.
Nominations for the role of Charity Trustees other than a Minister shall be made to the Church Secretary (or equivalent) not later than three Sundays (or other regular weekly meeting time when the Church gathers together) before the Ordinary Church Members’ Meeting at which the election is to be held. Nominations must be submitted in writing with the supporting signature of two other Church Members and the consent of the candidate. No person may nominate more candidates than there are places vacant. Requests for nominations shall be made at all services on the two Sundays (or other regular weekly meeting time when the Church gathers together) immediately before that Sunday [alternative or day] when nominations must cease.
In cases of unavoidable absence Church Members may exercise a postal vote where this is permitted under clause 13.4 provided that votes are returned before the commencement of the Church Members’ Meeting at which the election is to be held.
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If there are more candidates than vacancies and if after the ballot, some vacancies remain unfilled because insufficient candidates have received votes from at least 50% of those members voting then, if that Church Members’ Meeting agrees, the person chairing the Church Members’ Meeting shall delete from the names of those who have not been elected those with the lowest number of votes so as to leave as many names as there now are vacancies (he or she may use his or her casting vote where there is a tie). These names shall be submitted to that or another Church Members’ Meeting for balloting on the remaining places.
The Charity Trustees shall be responsible for the governance of the Church and the fulfilment of the Purpose through its Activities acting according to the will of God as discerned by the Church Members’ Meeting and subject to any specific or general directions of the Church Members’ Meeting in relation to the matters set out in clause 9.2 of the Church Constitution and Rules.
Regularity of - The Charity Trustees convene meetings of the whole group ….. See 17.2 of the constitution.
For matters requiring a decision the Charity Trustees shall, so far as possible, seek consensus on all matters considered at their meetings but where this is not possible a vote shall be taken and the outcome recorded as the resolution of the Charity Trustees.
The Charity Trustees shall determine when and how frequently they shall meet provided that they shall convene meetings of the whole group not less than once every two months.
Minutes shall be prepared of the proceedings at the meetings of the Charity Trustees including any appointments, the names of those present, the decisions taken, and where appropriate the reasons for the decisions and the Charity Trustees shall decide from time to time whether all or part of these minutes shall be treated as confidential.
Application of Income and Capital
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The Charity Trustees must use the income and may use the capital where trusts permit it to be spent to promote the Purpose provided that the Charity Trustees may apply an appropriate reserves policy in accordance with the general law.
Achievements and Performance
At the end of another exciting and yet busy year, we must give thanks to God for the many blessings he has bestowed on us.
In preparation for the Good Friday Walk of Witness we continue to have various meetings. Which includes prayer meetings, a fund raising concert and joint services at the different local Churches taking part.
We also had a number of candidates who went through the waters of baptism during Easter and November.
The Food bank which was set up in conjunction with other local churches in the area continues to flourish. Food is donated by supermarkets and church members so it’s kept well stocked. The food bank is maned by volunteers from the churches and serves those in need within the community. This is proving to be a much needed service in the community.
We again had an afternoon tea event by way of fundraising for our Convention in July. This was very well attended and a huge success. Various types of teas, cakes and sandwiches and other delicacies were served and enjoyed by those who attended. This was one of the best afternoon tea event to date, we were truly blessed and the funds raised went towards funding for the convention.
Anniversary
At our Church Anniversary in October, we had guest speaker as we normally do, who preached at our morning service.
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Volunteers
We would like to thank all the volunteers who continue to work tirelessly behind the scenes, from week to week. In particular:
Church Cleaners Communion preparers & Servers
Floral Contributors/arrangers Gardener
Mini-Bus drivers Olive Branch Luncheon Club Workers PA & Audio Visual Operators Property Steward/Caretaker Sunday Offering Counters Painters, handymen/women
2020-21: Deceased Members:
A large number or long standing members were called to glory during the period April, 2020 to March 2021.
All will be sadly missed.
New members were welcomed into membership, some were newly baptised others came as new members from other fellowship(s).
are From our membership, a number are infirmed and there others living in residential accommodation.
Our membership now stands at 319 paid up with HEBA
Let us give thanks to the Lord for his many blessing.
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Pastor Bryan Scott Team Leader
Financial Review
Independent Examiner’s Report
I report on the accounts of the charity for the period year ending 31st March 2021 which are set out on page 13 onwards.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the charities Acts 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the Charities Acts,
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to follow the procedures laid down in the general Directives given by the Charity Commission (under Section 145(5)(b) of the charities Act) and
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to state whether particular matters have come to my attention.
Basis of independent examiners statement
My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity
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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
In connection with my examination, no matter has come to my attention
(1) which gives me reasonable cause to believe that in, any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act:
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed: Keith Moore
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Date: 10 Jan 2021
Keith Roger Moore KLM Accounts Independent Examiner 15 Shenstone Road Great Barr Birmingham B43 5LW
Future Plans
The main aim remains the same of proclaiming the Christian gospel by works of practical Christianity. The principal purpose of Cannon St Memorial Baptist Church for the next 12 months will be the advancement of the Christian faith according to the Baptist denomination, and carry out other charitable purposes.
Our mission maintains the same as previous years and that is to provide appropriate facilities for use by the community of Handsworth and Birmingham.
To operate and facilitate projects that will improve and bring about community engagement, promote social responsibility, civil renewal, and a more cohesive neighbourhood.
This will be achieved by a number of services, events and activities which include a luncheon club which operates three days per week, family fun day, BB & GB, concert’s and various other meetings that cover the full age range of the local community.
Approved by the Diaconate and signed on their behalf by:
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Pastor Bryan Scott (Minister)
Durrant Atkinson (Senior Deacon) Date: 30 January 2021
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CANNON STREET MEMORIAL BAPTIST CHURCH
Financial Statements for the year ended 31[st] March 2021
| Unrestricted | Restricted | Total | |||
|---|---|---|---|---|---|
| Funds | Funds |
Funds | |||
| Notes | 2021 | ||||
| £ | £ |
£ | |||
| STATEMENT OF FINANCIAL ACTIVITIES | |||||
| Receipts | |||||
| Voluntary Income | 2 | 183,784 | 183,784 | ||
| Investment Income | 3 | 233 | 233 | ||
| Organisations | 15 | 0 | |||
| ________ | |||||
| 184,017 | 0 | 184,017 | |||
| ________ | |||||
| Payments | |||||
| Charitable activities | 4 | 112,743 | 112,743 | ||
| Governance costs | 5 | ||||
| Support costs | 7 | 49,055 | 49,055 | ||
| Organisations | 15 | 0 | |||
| ________ | |||||
| 161,798 | 0 | 161,798 | |||
| ________ | |||||
| Excess of Receipts over Payments | 22,219 | 22,219 | |||
| Gross Transfers between funds | nil | ||||
| ________ | |||||
| Net Receipts over Payments | 22,219 | 22,219 | |||
| Total Funds brought forward | 1,703,199 | 102,983 | 1,806,182 | ||
| ________ | |||||
| Total funds carried forward | 1,725,418 | 102,983 | 1,828,401 | ||
| ________ |
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CANNON STREET MEMORIAL BAPTIST CHURCH Balance Sheet at 31st March 2021
| Note | 2021 | ||
|---|---|---|---|
| £ | |||
| Fixed Assets | |||
| Tangible fxed assets | 10 | 1,629,367 | |
| ___ | |||
| Current Assets | |||
| Organisations | 15 | 8,132 | |
| Debtors | 11 | 61,050 | |
| Cash at bank and in hand | 12 | 112,687 | |
| Fundraising Funds held | 21602 | ||
| - | |||
| ___ | |||
| 203,471 | |||
| ___ | |||
| Current liabilities | |||
| Amounts falling due within | |||
| one year | 13 | 4,437 | |
| Amounts falling due | |||
| more than one year | 14 | nil | |
| ___ | |||
| 4,437 | |||
| ___ | |||
| Net Current Assets/(Liabilities) | 199,034 | ||
| ___ | |||
| Net Assets | 16 | 1,828,401 | |
| ___ | |||
| Represented by:- | |||
| Funds | |||
| Restricted | 102,983 | ||
| Unrestricted | 1,725,418 | ||
| ___ | |||
| 1,828,401 | |||
| ___ |
These accounts were approved by the Church Meeting on 1[st] November 2021 Bryan Scott – Pastor, signed on their behalf
………………………………………………….
Bryan Scott
The attached notes form part of the Statutory Accounts Page 5
CANNON STREET MEMORIAL BAPTIST CHURCH
Financial Statements for the year ended 31st March 2021
NOTES
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1 ACCOUNTING POLICIES
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1a The accounts have been prepared in accordance with the Accounting Regulations set out under the Charities Act 1993 and in line with the 2008 Regulations
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1b Donations
Donations are accounted for gross when received
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1c Investment Income Investment Income is included in the accounts for the year in which it is receivable
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1d Fund raising and publicity costs
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The church does not make formal appeals for funds and expenditure on these items a is therefore not material.
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1e Church Gifts
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The Church makes gifts to other organisations whose charitable objects complement work. They are accounted for in the year in which they are paid
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1f Governance costs
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This represents direct expenditure on the governance of the church. Most of the management is carried out without charge by volunteers. This intangible cost is not included in the Statement of Financial Activities since there is no measurable cost to the volunteers for their service
Fixed Assets
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1g Fixed Assets The church premises are included in the Balance Sheet at insurance value because reliable cost information is not available and valuation would incur significant costs w would be onerous compared with the additional benefit gained by the user of the acco
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1h Depreciation
Depreciation has not been charged on the Church house premises because in the opin of the Trustees, the residual value of the asset is not less than the original cost price. Depreciation on other fixed assets is calculated to write off the cost, over their expect useful life at the following rates:-
Furniture and Fittings 10% Reducing balance Motor vehicle 25% Straight line
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CANNON STREET MEMORIAL BAPTIST CHURCH
Notes continued
NOTE
2 Voluntary Income
Unrestricted Restricted 2021
| Oferings ( including | Tax Refunds) | 172,747 | 172,747 | ||
|---|---|---|---|---|---|
| Sundry | 11,270 | 11,270 | |||
| ________ | |||||
| Totals | 184,017 | 184,017 | |||
| ________ | |||||
| 3 | Investment Income | Unrestricted | Restricted | 2021 | |
| Bank interest | 233 | 233 | |||
| ________ | |||||
| 4 | Charitable Activities | Unrestricted | Restricted | 2021 | |
| Ministry | Note 6 | 83,732 | - | 83,732 | |
| Mission | Note 6 | -2,129 | - | -2,129 | |
| Establishment | Note 6 | 31,140 | - | 31,140 | |
| ________ | |||||
| Totals | 112,743 | - | 112,743 | ||
| ________ | |||||
| 5 | Governance costs | Unrestricted | Restricted | 2021 | |
| Independent | |||||
| Examination costs | - | 5,280 | |||
| ________ |
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CANNON STREET MEMORIAL BAPTIST CHURCH
Notes to the accounts continued
Note
6 Ministry
Unrestricted Restricted
2021
| Salaries (including NIC | ||||
|---|---|---|---|---|
| and Pensions) | 65,626 | 65,626 | ||
| Preaching/Musician Fees | 890 | 890 | ||
| Pastoral Care | 720 | 720 | ||
| Tithes/Gifts Note 8 |
13,050 | 13,050 | ||
| House costs | 0 | |||
| Training | 3,446 | 3,446 | ||
| Travel | 0 | |||
| Baptist Union | 0 | |||
| ________ | ||||
| Totals | 83,732 | 83,732 | ||
| ________ | ||||
| 6 | Mission | |||
| Church events | -2,129 | -2,129 | ||
| ________ | ||||
| Totals | -2,129 - | -2,129 | ||
| ________ | ||||
| 6 | Establishment | |||
| Light and heat | 8,899 | 8,899 | ||
| Insurances | 3,073 | 3,073 | ||
| Repairs and Renewals | 11,377 | 11,377 | ||
| Software | 1,239 | 1,239 | ||
| Bank charges | 965 | 965 | ||
| Motor vehicle expenses | 710 | 710 | ||
| Equipment lease | 2,434 | 2,434 | ||
| Depreciation | ||||
| Fixtures and Fittings | 900 | 900 | ||
| Interest on Loans | -41 | -41 | ||
| compassion | #### | 1584 | ||
| ________ | ||||
| Totals | 31,140 - | 29,556 | ||
| ________ |
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CANNON STREET MEMORIAL BAPTIST CHURCH Notes to the Accounts continued
Note
Unrestricted Restricted 2021
7 Support Costs
| Salaries (including NIC | |||||
|---|---|---|---|---|---|
| and Pensions) | 27,333 | 27,333 | |||
| Telephone and Fax | 3,210 | 3,210 | |||
| Printing Postage | |||||
| and Stationery | 5,139 | 5,139 | |||
| Sundry expenses | 7,711 | 7,711 | |||
| Professional Fees | 5,662 | 5,662 | |||
| ________ | |||||
| Totals | 49,055 | - | 49,055 | ||
| ________ | |||||
| 8 | Tithes/Gifts | Unrestricted | Restricted | 2021 | |
| BUGB Home Mission | 6,000 | 6,000 | |||
| BMS World Mission | 6,000 | 6,000 | |||
| Other | 1,050 | 1,050 | |||
| ________ | |||||
| Totals | 13,050 | 13,050 | |||
| ________ | |||||
| 9 | Staf costs and Trustee | expenses | |||
| Salaries | Gross salary | 77,913 | |||
| Social Security costs | 5,903 | ||||
| Pension costs | Pension contributions | 10,173 | |||
| ______ | |||||
| Totals | 93,989 | ||||
| ______ | |||||
| The average number of employees during the | year was | 4 | |||
| ______ |
No employee received emoluments in excess of £60,000 during the year (2020 none)
No sums were reimbursed to the Trustees for their work as Trustees (2020 Nil)
The Church pays pension contributions for its Minister to the Baptist Ministers Pension Trust Limited, which is a final salary defined benefit scheme, which is not contracted o of the State second pension. The scheme is multi-employer scheme and it is not poss to identify the assets and liabilities of the scheme which are attributable to the Churc In accordance with FRS17 therefore, the scheme is accounted for as a defined contrib scheme.
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CANNON STREET MEMORIAL BAPTIST CHURCH
Notes to the Accounts continued
Note
10 Tangible Fixed Assets
Church Motor Furniture Freehold Premises Vehicle & Fittings House
Cost
| 1-Apr-20 | 1,351,568 | 25,000 | 54,882 | 271,490 |
|---|---|---|---|---|
| Additions in year | ||||
| ________ | ||||
| 31-Mar-21 | 1,351,568 | 25,000 | 54,882 | 271,490 |
| Depreciation | ||||
| 1-Apr-20 | - | 25,000 | 47,673 | - |
| Charge for the year | - | 900 | - | |
| ________ | ||||
| 31-Mar-21 | - | 25,000 | 48,573 | - |
| ________ | ||||
| Net Book Value | ||||
| 31-Mar-21 | 1,351,568 | 0 | 6,309 | 271,490 |
| ________ | ||||
| 31-Mar-20 | 1,351,568 | 0 | 7,209 | 271,490 |
| ________ |
All of the fixed assets are used for direct charitable purposes.
| 11 | Debtors | 2021 |
|---|---|---|
| Accrued income | 60,000 | |
| Prepayments and other debtors | 1,050 | |
| ______ | ||
| 61,050 | ||
| ______ |
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| CANNON STREET MEMORIAL BAPTIST CHURCH Notes to the accounts continued 12 Bank and cash balances Barclays Bank and cash in hand 13 Creditors: amounts falling due within one year Other creditors Accruals |
2021 112,687 ______ 2021 1,516 2,921 |
|---|---|
| __ 4,437 ____ |
2021
nil
14 Creditors: amounts falling due more than one year
Manse Loan Reserve nil 15 Restricted Funds __ Incoming Resources 4/1/2020 Resources Expended Transfers Name of Fund 1. Olive Branch Comm Centre 6,855 -500 2. CYPC 6,981 -6,980 3. Genesis Family School 0 4. Communion Fund 785 -720 Business Reserve 0 5. Retreat 2,521 -810 ________ 17142 0 -9010 0 ____________
Purpose of Funds
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1 The Olive Branch Community Centre provides meals, children's activities social activities for the local community.
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2 CYPC encompasses the work among children and young people in the life the Church
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3 Genesis Family School is run by the Church to augment the education of c in the local community
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4 Communion Fund is to support those in need
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5 The purpose of the Retreat Fund is to finance a weekend away for membe Church
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CANNON STREET MEMORIAL BAPTIST CHURCH Notes to the Accounts continued Note
16 Analysis of net assets
Fixed Net Current Assets Assets Restricted Funds - 8,132 Unrestricted Funds 1,629,367 190,907 _______ 1,629,367 199,039 _______
17 Pensions
The Church is an employer participating in a pension scheme known as the Baptist Pe Scheme ("the Scheme")
The scheme is a separate legal entity which is administered by the Pension Trustee (Baptist Pension Trust Limited.
The Ministers and some members of the church staff are eligible to join the Scheme,
From January 2012, pension provision is being made through the Defined Contribution Plan within the Scheme. In general, members pay 8% of their Pensionable Income and employers pay 6% of members' Pensionable Income into individual pension accounts, are operated and managed on behalf of the Pension Trustee by Legal and General Life Assurance Society Limited. In addition, the employer pays a further 4% of Pensionab Income (or3% if the employer is in the segregated DC section) to cover Death in Service Benefits, administration costs, and an associated insurance policy which provides income protection for Scheme Members in the event that they a unable to work due to long-term incapacity. This income protection policy has been in by the Baptist Union of Great Britain with Aviva.. Members of the Basic Section pay reduced contributions of 5% of Pensionable Income, and their employers also pay a to 5.00%
The scheme is considered to be a multi-employer scheme as described in section 2B FRS 102. This is because it is not possible to attribute the Scheme's assets and liabilit to specific employers and means that the scheme is accounted for as if the scheme w defined contribution scheme.
The Minister [and some members of the church staff] is/are eligible to join the Schem
Actuarial valuation as at 31 December 2019
A formal valuation of the DB Plan as at 31 December 2019 by a professional qualified using the Projected Unit Method. At the valuation date the market value of the DB Pla Was £298 million, whilst the level of assets needed to pay benefits was £316m, giving deficit of £18m (equivalent to a past service funding level of 94%) The Church and th participating employers in the DB Plan are collectively responsible foe funding this de
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The key financial assumptions underlying the valuations were as follows:
Type of assumption RPI price inflation assumption CPI price inflation presumption Minimum Pensionable Income increases (CPI ) Pre-retirement assumed investment returns (gilt yield plus 1.75%pa) Post retirement assumed investment returns (including benefits matched by the insurance policy) (gilt yield plus plus 0.5% pa) Minimum Pensionable Income increases (CPI plus 0.5%) Deferred pension increases (based on RPI) Pre April 2009 Post April 2009 Pension increases
Based on CPI with annual floor of 0% and annual cap of 5%
Mortality is assumed in accordance with 80% of the S3NA standard mortality table. Fu improvements projected from 2013 in line with the “CMI 2019” projection with a longof improvement of 1.75% p.a. For males and 1.5% p.a. For females with the core smoothing parameter and with additional initial mortality improvement factor A=0.5%
The next actuarial variation of the DB Plan within the Scheme is due to take place not than as at 31 December 2022
Recovery Plan
In addition to the contributions to the DC Plan set out above, where a valuation of the reveals a deficit the Trustee and the Council agree to a rate of deficiency contribution churches and other employers involved in the DB Plan.
Under current Recovery Plan agreed in September 2020,, deficiency contributions are payable until June 2026. These contributions are broadly based on the employer's me At 31 December 2014 and increase annually in line with increases to Minimum Pensionable Income as defined in the Rules.
Note Related Charities
- 18 The custodian Trustee of the Church is the Baptist Union Corporation Limited which is charity number 249635 and which is controlled by the Baptist Union Council. The Chu is also a member of the Baptist Union of Great Britain and the Heart of England Baptis Association.
OLIVE BRANCH 2 C.I.C.
The Church is in receipt of Loans from the Baptist Union Corporation as set out in not
The Church made a donation to the Baptist Union Home Mission Scheme as set out in
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CANNON STREET MEMORIAL BAPTIST CHURCH
INDEPENDENT EXAMINER'S REPORT
CHARITY NUMBER 1134123 PERIOD OF ACCOUNTS 1 APRIL 2020 to 31 MARCH 2021 SET OUT ON PAGES 1 to 13
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees c that an audit is not required for this year under section 144 of the Charities Act 2011 (the Chariti and that an independent examination is needed.
It is my responsibilty to:
-
examine the accounts under section 145 of the Charities Act,
-
to follow the proceedures laid down in the general Directions given by the Charity Commission (under Section 145(5)(b)of the Charities Act) and
-
to state whether particular matters have come to my attention
Basis of independent examiners statement
My examination was carried out in accordance with general directions given by the Charity Comm An examination includes a review of the accounting records kept by the charity and a comparison accounts presented with those records.It also includes consideration of any unusual items or disc 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 th is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention
-
(1) which gives me reasonable cause to believe that in, any material respect, the requirements:
-
to keep accounting records in accordance with section 130 of the Charities Act;
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
-
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed K R Moore
Date 1[st] November 2021
Keith Roger Moore KLM Accounts Independent Examiner 15 Shenstone Road Great Barr Birmingham B43 5LW
Page 3
CANNON STREET MEMORIAL BAPTIST CHURCH
300 SOHO ROAD, HANDSWORTH, BIRMINGHAM B21 9NA
ACCOUNTS
1 APRIL 2020 TO 31 MARCH 2021
CANNON STREET MEMORIAL BAPTIST CHURCH CONTENTS AND STATUTORY INFORMATION
31[st] MARCH 2021
| 31st MARCH 2021 | ||
|---|---|---|
| ___ | ||
| CONTENTS | ||
| Page | ||
| Independent examination report to the members | 3 | |
| Statement of fnancial activities | 4 | |
| Balance Sheet | 5 | |
| Notes to the Accounts | 6 to 13 |
Church Ofcers
Reverend Bryan Scott Minister/Team Leader Reverend Leone Martin Associate Minister Durant Atkinson Cell Group Janet Smith Prayer Stewart Prebble Mission Josephine Molyneux Olive Branch Patsy Mair Youth and Young People Inez Hayles Admin Sharon Geohaghon-Smith Sunday School Eleen Harvey Pastoral
Page 2
Total Funds 2020 £ 219,184 1032 62,798 ___ 283,014 ___ 160,750 1920 41,044 71,179 ___ 274,893 ___ 8,121 ___ 8,121 17,980,861 ___ 1,798,061 ___
2020 £ 1,630,267 ____
17,142 27,050 139,072 25753 _ 209,017 _ 15,573 17,529 _ 33,102 _ 175,915 _ 1,806,182 _
102,983 1,703,199 _ 1,806,182 _
Ind its hich Dunts. nion ted 2020
198,080 21104 ___ 219,184 ___ 2020 1032 ___ 2020 97,446 12,850 50,454 ___ 160,750 ___ 2020 1,920
2020
66,525 11,468 0 14,308 -2,780 3,662 2920 1343 ___ 97,446 ___ 12,850 ___ 12,850 ___ 17,583 2,634 18,871 2,563 3,798 2,855 900 1,250 ___ 50,454 ___
2020
26,898 3,061 4,439 6,264 2,302 ___ 42,964 ___ 2020 6,000 6,000 2,308 ___ 14,308 ___ 56,676 4,248 11,678 _ 72,602 _ 3 __ )
n out sible h. bution
Total
1,702,940 0 1,702,940 72,673 900 73,573
1,629,367 1,630,267
2020 26,000 1,050 _ 27,050 _
2020
139,072
2020 3,170 12,403 _ 15,573 _
2020
17529 17529
3/31/2021
6,355 1 0 65 0 1,711 0 8,132
and
of
children
ers of the
Total
8,132 1,820,274 1,828,406
ension
n (DC) d , which e le are nsured otal of
of ties were a
e
Actuary an assets g a e other eficit
%pa_
3.20% 2.70% 0.50% 2.95% 1.70% 3.20% 3.20% 2.50%
2.70%
uture -term rate % t later
e DP plan s from
e embership
urch st te 14
n note 8
consider es Act)
nission. iofthe '.losures ie report
CANNON STREET MEMORIAL BAPTIST CHURCH INDEPENDENT EXAMINER'S REPORT CHARITY NUMBER 1134123 PERIOD OF ACCOUNTS 1 APRIL 2020 to 31 MARCH 2021 SET OUT ON PAGES 1 to 13
Respective responsibilities of trustees and examiner
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 responsibilty to:
-
examine the accounts under section 145 of the Charities Act,
-
to follow the proceedures laid down in the general Directions given by the Charity Commission (under Section 145(5)(b)of the Charities Act) and
-
to state whether particular matters have come to my attention
Basis of independent examiners statement
An examination includes a review of the accounting records kept by the charity 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 repor is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention
(1) which gives me reasonable cause to believe that in, any material respect, the requirements:
-
to keep accounting records in accordance with section 130 of the Charities Act;
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed
K R Moore
1[st] November Date 2021
Keith Roger Moore KLM Accounts Independent Examiner 15 Shenstone Road Great Barr Birmingham B43 5LW
Page 3
CANNON STREET MEMORIAL BAPTIST CHURCH 300 SOHO ROAD, HANDSWORTH, BIRMINGHAM B21 9NA ACCOUNTS 1 APRIL 2020 TO 31 MARCH 2021
CANNON STREET MEMORIAL BAPTIST CHURCH CONTENTS AND STATUTORY INFORMATION
31[st] MARCH 2021
___ CONTENTS
| CONTENTS | CONTENTS | ||
|---|---|---|---|
| Page | |||
| Independent examination report to the members | 3 | ||
| Statement of fnancial activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Accounts |
6 to 13 | ||
| Church Ofcers | |||
| Reverend Bryan Scott | Minister/Team Leader | ||
| Reverend Leone Martin | Associate Minister | ||
| Durant Atkinson | Cell Group | ||
| Janet Smith | Prayer | ||
| Stewart Prebble | Mission | ||
| Josephine Molyneux | Olive Branch | ||
| Patsy Mair | Youth and Young People | ||
| Inez Hayles | Admin | ||
| Sharon Geohaghon-Smith | Sunday School |
Page 2