## **Kenton Baptist Church**
**Annual reports and Accounts for the year ended 31 December 2022**
**Streatfield Road, Kenton, HA3 9BS**
**www.kentonbaptist.com Office telephone: 020 8907 7494**
**Version 05 dated 22/05/2023 as signed by Independent Examiner**
**Kenton Baptist Church**
## **Report and Accounts for the year ended 31 December 2022**
## **Contents**
|**Contents**||
|---|---|
||**Page**|
|Report of the Trustees for the year ended 31 December 2022||
|a) Reference and administrative details of the charity, its trustees and advisors|2|
|b) Structure, governance and management|2|
|c) Objectives and activities|2|
|d) Achievements and performance|4|
|e) Financial and policy review|5|
|f) Diaconate responsibilities and trustees’ declaration|5|
|Report of the Independent Examiner|6|
|Statement of Financial Activities 2022|7|
|Balance Sheet as of 31 December 2022|8|
|Notes to the Financial Statements|9|
|Supplementary Schedule: Analysis of income and expenditure|16|
|_(This schedule is for information only and does not form part of the audited accounts)_||
P a g e | **1**
**Kenton Baptist Church**
Report of the Trustees for the year ended 31 December 2022
The Trustees have pleasure in submitting their report together with the financial statements for the Church for the year ended 31[st] December 2022. These financial statements have been prepared in accordance with statutory requirements, the trust deed, the Statement of Recommended Practice (FRS102 issued in January 2015) and the Charities act 2011.
## **a) Reference and administrative details of the charity, its trustees and advisors**
_Charity name:_ Kenton Baptist Church _Registered Charity Number:_ 1134168 _Principal address:_ Streatfield Road, Kenton, Harrow, Middlesex HA3 9BS
|**a) Reference and administrative details of the charity, its trustees and advisors**
_Charity name:_
Kenton Baptist Church
_Registered Charity Number:_1134168
_Principal address:_
Streatfield Road, Kenton, Harrow, Middlesex HA3 9BS|**a) Reference and administrative details of the charity, its trustees and advisors**
_Charity name:_
Kenton Baptist Church
_Registered Charity Number:_1134168
_Principal address:_
Streatfield Road, Kenton, Harrow, Middlesex HA3 9BS|**a) Reference and administrative details of the charity, its trustees and advisors**
_Charity name:_
Kenton Baptist Church
_Registered Charity Number:_1134168
_Principal address:_
Streatfield Road, Kenton, Harrow, Middlesex HA3 9BS|
|---|---|---|
||||
|**Names of Trustees who manage the charity (known as the Minister and Deacons): **|||
|**Trustee name**|**Office**|**Appointed by**|
|Rev Steve Cochrane|Minister|Church members|
|Mrs Neva Evans|Deacon|Church members|
|Mrs Karen Hogge|Deacon(Church Secretaryfrom 12.01.2023)|Church members|
|Mrs BeverlyJohnson|Deacon|Church members|
|Mrs Georgina Ofosu-Osei|Treasurer(appointed 01.08.2022)|Church members|
|Mrs Glenys Richardson|Deacon(resigned 18.07.2022)|Church members|
|Mr AntonyRose|Deacon(Church Secretary,retired 31.12.2022)|Church members|
|Mrs Elizabeth Smith|Deacon(retired 31.12.2022)|Church members|
|Mr Ian Richard Smith|Deacon(Treasurer to 31.07.2022)|Church members|
**Names and addresses of advisors:**
|**Names and addresses of advisors:**|**Names and addresses of advisors:**|**Names and addresses of advisors:**|
|---|---|---|
|**Type of advisor**|**Name**|**Address**|
|Independent Examiner|Clive Backhouse FCA|97 Headstone Lane,North Harrow. HA2 6JL|
|Bankers|CAF Bank|25 Kings Hill Ave,Kings Hill,West Malling. ME19 4JQ|
## **b) Structure, governance and management**
Kenton Baptist Church is constituted by Trust Deeds dated 22/01/1937, which is included in a Constitution for Kenton Baptist Church, 9[th] July 2009 amended 9[th] September 2009.
## **Trustee selection methods:**
The Minister is appointed by secret ballot at a Special Church Members’ Meeting called for the purpose. Deacons are elected by the Church Members each year to serve for a three-year term, commencing on the 1[st] of January the following year (except where a mid-term vacancy is being filled). To be elected all Trustees must obtain at least a two-thirds majority of votes cast.
## **Membership and Members:**
A combination of deaths, relocations and new members saw a slight drop in membership to 61.
## **c) Objectives and Activities**
## **Mission of the Church**
The principal purpose of Kenton Baptist Church is the advancement of the Christian faith according to the principles of the Baptist denomination. Other purposes may include education and charitable work, both in the United Kingdom and elsewhere around the globe.
P a g e | **2**
**Kenton Baptist Church**
Report of the Trustees for the year ended 31 December 2022
## **Regular activities of the Church**
During 2022, Church activities that had for a couple of years been constrained by Covid-19 precautions were able to recommence fully, although the Church has decided not to resume regular Sunday evening services at this time. Sunday morning worship takes place at 10.30 a.m. each week and Holy Communion is celebrated on the third Sunday morning each month. The first Sunday each month is an All-Age service, and Sunday School now runs on two Sundays each month.
Swashbucklers (an evening club for middle school boys) had resumed in 2021 and by the end of 2022 had 14 boys on register. Toddlers & Co, a weekly toddler and parent group, resumed midyear and Senior Adults Club has retaken its place as a vibrant and much appreciated activity for the wider community.
Organisationally, the Deacons (Trustees) met regularly throughout the year, to maintain careful and prayerful oversight of Church activities. Bi-monthly Church Members’ Meetings continued, now once again in-person.
## **The continuing life of the Church Family**
In November the Church reached a significant milestone, celebrating KBC’s 90[th] Anniversary. The special Sunday service was led by a guest speaker, Antony Billington, and was followed by a Church Family Meal attended by almost all the congregation. This meal was catered for us by our friends in Betel Pentecostal Church to whom we were most grateful for a very special occasion.
We also rejoiced in February over the baptism of a Church Family member – also a very special occasion. Other special celebrations in Church family life this year included a 90[th] birthday and the return of two former member families to celebrate, respectively, a Ruby Wedding and the dedication of a child. During the year we shared in sadness at the passing of one member of the Church family, and in saying farewell to others who have moved away. All will be greatly missed.
We were delighted to welcome guest preachers to the Church on a number of occasions, including some who were able to connect us with the worldwide family of God’s people. One of our linked missionaries who has been working in north Africa paid a final visit (with her husband and daughter) as they transition to a new calling in Scotland. Another Sunday we were blessed by a video message from our longest-serving linked missionary who (in her mid-80s!) still serves God faithfully in a medical context in India.
Our Harvest Festival offerings this year provided us with the opportunity to collect gifts of food, which was given to Harrow Food Bank and of money, which was sent to provide flood relief in Pakistan through Langley Institute of Ministry (LIM). This meant that the money was channelled by LIM to local Pastors in Pakistan personally known to them, ensuring it would reach directly those in greatest need.
## **Outreach in the life of the Church**
As has become the Church’s custom, we focused our outreach on a couple of special events designed to engage more fully with our community, on regular weekly clubs and activities (see above) and on widespread invitations to our Easter and Christmas services which, like many other services at KBC, include clear presentations of the Good News of Jesus Christ.
Our ‘special events’ this year were led by an afternoon tea party provided for the community around the Church to celebrate the Platinum Jubilee of Her Late Majesty Queen Elizabeth II. Invitations were distributed and many families and individuals came to enjoy the stalls and
P a g e | **3**
## **Kenton Baptist Church**
## Report of the Trustees for the year ended 31 December 2022
sideshows, cream teas, face-painting, balloon modelling and bouncy castles. All left with a copy of an excellent and informative commemorative book celebrating the Queen’s reign.
In late November we also held a Coffee & Cake morning which was very well attended, and which included support for Breast Cancer charities through purchases from a remarkably well-stocked Nearly New stall hosted by a Church Member, as well as opportunities to buy Christmas cards and gifts from a Christian bookstall and hand-made greetings card table.
## **Prayer in the life of the Church**
During 2022 we began to hold regular prayer meetings focused on Church Growth after most morning services and continued to hold regular, monthly whole-Church prayer meetings on Thursday evenings. The Church’s many small groups (home groups, friendship groups etc.) routinely continued to pray together.
Special prayer meetings for God’s work in the wider world through overseas and home missions remained a key feature of Church life.
Of course, it was with sadness that we marked the death of our late Queen. We prayed for her family through their time of mourning and continue to pray for His Majesty King Charles III as he has acceded to the throne.
## **Working with other Churches**
Our Church plays an active role in its relationship with other Christian communities. Our Church building and its facilities continue to be used by our friends in the Betel Romanian Church, who use our premises many times every week, and for whom we thank God. The ‘Warm Spaces’ initiative, Week of Prayer for Christian Unity and Good Friday Procession of Witness all provided natural opportunities to collaborate with other congregations through the Kenton Group of Churches.
## **Financial support for missions and special appeals**
Kenton Baptist Church continued to donate to a regular range of charities this year. These included: Baptist Missionary Society, Baptist Home Mission, Barnabas Trust, Christian Aid, Harrow Schools Link Trust, Mother Janet Orphanage in Uganda, One Mission Society (OMS), Unevangelised Fields Mission (UFM),
We also gave financial support (both from Church funds and from freewill giving of the Congregation) to Harrow Food Bank, the DEC Afghanistan Appeal, Ukraine refugee appeal; Langley Institute of Ministry.
## **Support for other local groups**
Two local Pre-School groups used our premises throughout the year.
## **d) Achievements and Performance**
We continue to seek every opportunity, through words and actions, to make the Good News of Jesus Christ known in our community.
Our activities in 2022 continued to provide a number of services that are valued by our local community. Church members actively support the local food bank and have used the FareShare charity scheme to redistribute supermarket food approaching the end of its shelf life. We are most grateful to the many volunteers who consistently give their time and energy to sustain all our work for the Kenton community and for God’s Kingdom.
P a g e | **4**
**Kenton Baptist Church**
Report of the Trustees for the year ended 31 December 2022
## **e) Financial and policy review**
The Church’s income is principally derived from freewill offerings and from rent charged to the two preschool groups and Betel Romanian Pentecostal Church. During 2022 the freewill offering income of the Church plus periodic donations slightly exceeded the level budgeted in November 2021. We thank God for this and honour the faithfulness of the Church family in sustaining their giving through this time. Rental income was a little lower than budgeted. The substantial apparent surplus against budget shown on the year’s accounts was almost entirely due to delayed (and costly) maintenance work on the Church driveway that will be completed and paid for in early 2023. We set a budget prior to the start of each year, and use this to manage finances through the year. A financial report is provided at a monthly Deacons meeting and bi-monthly Church meetings. The Church has adequate financial reserves but will continue to hold as minimum reserves the sum of Senior Minister and Administration annual budget lines – for 2022, £48,225).
The Deacons continued to monitor risks to the Church, including financial risk and those relating to maintaining Covid-secure activities.
## **f) Diaconate responsibilities**
The Diaconate is responsible for preparing this report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards. Charity Law requires the Diaconate to prepare financial statements for each financial year which give a true and fair view of the affairs of Kenton Baptist Church and of its incoming and outgoing resources for the year.
In preparing these financial statements, the Diaconate is required to
- select suitable accounting policies and apply them consistently
- observe the methods and principles in the Charities SORP
- make judgements and estimates that are reasonable and prudent
- state whether applicable accounting standards have been followed, subject to any material departures disclosed appropriately in the financial statements
- prepare the financial statements on the going concern basis unless it is inappropriate to assume that Kenton Baptist Church will continue to exist
The Diaconate is responsible for keeping adequate accounting records that disclose with reasonable accuracy the financial position of the Church and which enable it to ensure that the financial statements comply with applicable Accounting Standards of Recommended Practice (the FRS102), and the Accounting Regulations set out under the Charities Act 2011. It is also responsible for safeguarding the assets of the Church and for taking reasonable steps for the prevention and detection of fraud.
The trustees approved the trustees’ report above at their meeting on 7[th] March 2023. It is signed on behalf of the charity’s trustees as follows:
|Signature
Full name
Position
Date||
|---|---|
||Karen Elaine Hogge|
||Church Secretary|
|||
P a g e | **5**
Report of the Independent Examiner to the Diaconate for the
year ended 31 December 2022
## **Kenton Baptist Church**
## **Independent examiner’s report to the Ministers and Deacons (the trustees) of Kenton Baptist Church**
I hereby report on your accounts for the year ended 31/12/2022 as set out on the attached pages and on my examination thereof under S145 of the Charities Act 2011 (CA2011) & guidance from the Baptist Union.
## **Respective responsibilities of Trustees and Examiner**
The Trustees are responsible for the preparation of the accounts. You consider that the audit requirement of S144 of the Charities Act 2011(CA2011 The Act) does not apply. It is my responsibility to report, on the basis of procedures specified in the general directions given to the charity commissioners under S145(5) (b) of the act whether particular matters have come to my attention.
## **Basis of report**
My examination was carried out in accordance with the General Directions given by the Charity Commission under S145 of the act. That examination includes a review of your accounting records and a comparison of the accounts to those records. It also includes consideration of any unusual items or disclosures in the accounts and seek explanations from you to them. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the accounts.
## **Independent Examiners statement**
During 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 proper accounting records in accordance with S130 CA2011
- to prepare accounts with accordance with the accounting records and the requirements of that Act
have not been met.
2. to which I believe attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signature
Full name Clive Backhouse FCA Date
P a g e | **6**
## **Kenton Baptist Church**
## Statement of Financial Activities
## for the year ended 31 December 2022
|**Income and Expenditure**
**Notes**
**Incoming Resources**
Voluntary income
Regular rental income
Interest and investment Income
(incl. surplus on 2021 sale of M&G units)
Incoming resources from charitable
activities
Other incoming resources
**Total Incoming Resources**
**Resources Expended**
Charitable activities
Governance costs
Other Resources expended
**Total Resources Expended**
**Net incoming/(outgoing)**
**Resources**
Gross Transfers Between Funds
Net surplus/(deficit) before revaluations
and investment asset disposals
Gains and losses on revaluations of fixed
assets for the charity's own use
Gains and losses on revaluations and
disposals of investment assets
**Net movement in Funds**
**Total Funds brought forward**
**Total Funds carried forward**|
**Unrestricted**
**Funds**
**£ **
72,673
53,171
1,149
2,999
**129,992**
119,191
0
0
**119,191**
**10,801**
0
**10,801**
0
0
**10,801**
**132,421**
**143,222**|
**Restricted**
**Funds**
**£ **
0
0
0
0
0
**0**
0
0
0
**0**
**0**
0
**0**
0
0
**0**
**647**
**647**|
**2022**
**Total**
**£ **
72,673
53,171
1,149
2,999
**129,992**
119,191
0
0
**119,191**
**10,801**
0
**10,801**
0
0
**10,801**
**133,068**
**143,869**|
**2021**
**Total**
**£**|
|---|---|---|---|---|
|||||75,525
31,526
760
1,986
0|
|||||
**109,797**|
|||||103,361
0
0|
|||||
**103,361**|
|||||
**6,436**
0|
|||||**6,436**
0
0|
|||||
**6,436**
**126,632**|
|||||
**133,068**|
P a g e | **7**
## **Kenton Baptist Church**
## Balance Sheet
## for the year ended 31 December 2022
|**Balance Sheet**
**Current Assets**
Cash at Bank
Cash in Hand
London Baptist Property Board
BU 12 month deposit account
BU 3-month notice deposit
M&G Units
Shawbrook Deposit Account
Total Current Assets
**Liabilities due within one year**
**Total Net Assets**
**Charitable Funds**
Unrestricted Funds
Restricted Funds
**Total Funds**|**£**|**2022**
**£**
143,869
0
**143,869**
**143,869**|**£**|**2021**
**£**|
|---|---|---|---|---|
||33,048
709
27,899
0
42,213
0
40,000
0
143,222
647||43,868
210
27,534
0
61,456
0
0
0
132,421
647|133,068
0|
|||||**133,068**|
||||||
|||||**133,068**|
These accounts were approved by the trustees at their meeting on 4[th] April 2023, and are signed on their behalf as follows:
|Signature
Full name
Position
Date||
|---|---|
||Ian Richard Smith
Georgina Ofosu-Osei|
||Treasurer (to 31/07/2022)
Treasurer (from 01/08/2022)|
|||
P a g e | **8**
## **Kenton Baptist Church**
## Notes to the Accounts for the year ended 31 December 2022
## **1) Accounting Policies**
## a) Basis of preparation
The accounts are prepared on a cash basis in accordance with the accounting regulations and reporting by Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for smaller entities (FRS102) and the Charities act 2011 and applicable regulations. M&G Charifund investment units, previously revalued annually, were sold in 2021. Following this disposal the SOFA is identical to a Receipts and Payments account. Differences between these two bases of preparation were never material.
## b) Donations
Donations and gift aid relief from HMRC are accounted for when received.
## c) Legacies
Legacies are accounted for when funds are received in cash or at bank.
## d) Investment income
Investment income is included in the accounts in the year in which it was received.
## e) Fund raising
There are currently no material fund-raising costs.
## f) Grants payable
The church makes grants to other organisations whose charitable objects complement its work. They are accounted for in the year in which they are paid.
## g) Governance costs
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. Any _ex gratia_ gifts made to the honorary independent examiner are included in Sundries.
## h) Fixed assets
The Church and manse premises are included as notes to the balance sheet at insurance values because reliable market values are not available, and valuation would incur significant cost which would be onerous compared with the additional benefit gained by the user of the accounts.
P a g e | **9**
## **Kenton Baptist Church**
## Notes to the Accounts
## for the year ended 31 December 2022
## **1) Accounting Policies cont’d**
## i) Depreciation
Depreciation has not been charged on the church or manse premises, because in the opinion of the trustees, the residual value of the asset is not less than the original cost price. All equipment purchases are accounted for as an expense in the year of purchase. Hence, the church does not account for fixed assets and depreciation does not arise.
## j) Debtors
Tax reclaims on offerings are made on a tax year basis, normally in June following the end of the tax year. They are accounted for in the year in which they are received. In 2022 the tax rebate was received in June.
## **2) Expenses**
## a) Staff costs and trustees’ expenses
|) Staff costs and trustees’expenses|||
|---|---|---|
|Gross Wages and Salaries
Social security costs
Employer’s pension costs attributable to current employees|2022
£
34,159
0
3,676
37,835|2021
£
36,043
0
3,701|
|||39,744|
Social security costs to the Church are currently within the employers’ NIC allowance.
The average number of employees during the year was two. No employee received emoluments in excess of £60,000 during the year 2022.
No other Deacon (trustee) or any person connected with them has received or is due to receive any remuneration for the year directly or indirectly from the general fund (or any other fund), other than as stated elsewhere in these accounts.
## _Trustees’ expenses:_
The senior minister receives expenses of office, and Trustees may from time to time receive reimbursement of expenses incurred on behalf of the Church.
## _Transactions with Trustees:_
Richard and Elizabeth Smith (both Trustees) have on occasions undertaken printing on behalf of the Church through their business, Richard Smith Associates. The Trustees are satisfied that such work is undertaken at the Church’s request and is invoiced at or below cost.
P a g e | **10**
## **Kenton Baptist Church**
## Notes to the Accounts
## for the year ended 31 December 2022
## b) Pensions
See further information in note 5.
## c) Related Charities
The custodian trustee is the London Baptist Property Board which is charity number 24976. The Church is also a member of the Baptist Union of Great Britain, and the London Baptist Association. The Church made contributions totalling £5,000 (2020 £5,008) to the London Baptist Association Home Mission Fund as part of Mission Giving.
## **3) Fixed assets**
|**3) Fixed assets**|||
|---|---|---|
|Net Book value|31/12/2022
£ 0|31/12/2021|
|||£ 0|
The church is the beneficial owner (subject to the relevant trusts) of the following assets, the legal title to which is held by the Church’s custodian trustee (The London Baptist Property Board Limited):
- a) Church premises at: Streatfield Road. Kenton, Harrow, Middlesex HA3 9BS which has an insured value at 1[st] January 2023 of: Buildings - £3,197,575 & Contents - £107,525.
- b) Church manse at 32 Kingshill Drive, Kenton, Harrow, Middlesex HA3 8TF which has an insured value at 1[st] January 2023 of: Building - £404,998.
## **4) Investments, deposits and banking**
The Church’s current account with Charities Aid Foundation Bank was opened in 2021. Deposit accounts are held with the Baptist Union Corporation (BUC, 3-month and 7-day accounts) and London Baptist Property Board (LBPB, zero notice account). A 12 month fixed term, fixed interest deposit was arranged through CAF Bank with Shawbrook Bank and held some Church funds from early 2022. This will mature in January 2023, with monies to be transferred to existing BUC and LBPB accounts.
P a g e | **11**
## **Kenton Baptist Church**
## Notes to the Accounts
## for the year ended 31 December 2022
## **5) Pension Scheme Liabilities**
The Church is a participating employer the Baptist Pension Scheme (“the Scheme”), which is a separate legal entity administered by the Pension Trustee (Baptist Pension Trust Limited). The assets of the Scheme are held separately from those of the Employer and the other participating employers. The Scheme, previously known as the Baptist Ministers’ Pension Fund, started in 1925, but was closed to future accrual of defined benefits on 31 December 2011.
Prior to this date the main benefit provided through the Defined Benefit (DB) Plan was a pension of one eightieth of final minimum pensionable income for each year of pensionable service together with additional pension in respect of premiums paid on Pensionable Income in excess of Minimum Pensionable Income. Since 1 January 2012, benefits have been provided through a Defined Contribution (DC) Plan. A formal valuation of the DB Plan as at 31 December 2019 by a professionally qualified Actuary using the Projected Unit Method. At the valuation date the market value of the DB Plan assets was £298 million, whilst the level of assets needed to pay benefits was £316m, giving a deficit of £18m (equivalent to a past service funding level of 94%). The Church and the other participating employers in the DB Plan are collectively responsible for funding this deficit. The next actuarial valuation of the DB Plan within the Scheme is due to take place not later than as at 31 December 2022.
On 30th June 2022 the Baptist Pension Scheme signed an agreement with the insurance company Just Group (“Just”) to secure DB Plan members’ pension benefits. Just are now providing financial backing for all pensions provided through the Scheme’s DB Plan and following this transaction, the Scheme no longer has a shortfall. An updated Recovery plan was then signed in August 2022 under which recovery contributions from each participating employer in the DB Plan reduced to £1 per month from August 2022.
P a g e | **12**
## **Kenton Baptist Church**
## Notes to the Accounts
## for the year ended 31 December 2022
## **6) Reserves note**
|**Unrestricted Funds**
General Fund
Covenanters General Fund
Coda Club
FJ
Girl's Brigade General Fund
GBBC
Senior Adults
Swashbucklers
Toddlers & Co
**Total Unrestricted Funds**
**Restricted funds**
Building fund
Kitchen Equipt.
GB Missionary
GB Camp fund
**Total Restricted Funds**
**Total Funds**|Balance at
31.12.21
£
130,527
0
0
0
0
0
329
200
1,365
132,421
0
647
0
0
647
133,068|Income
Expendit
ure
Transfer
Gains
(losses)
Balance
at
31.12.22
£
£
£
£|
|---|---|---|
|||126,993
116,548
140,972
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,547
2,190
686
350
217
333
102
236
1,231|
|||129,992
119,191
0
0
143,222|
|||0
647
0
0|
|||0
0
0
0
647|
||||
|||129,992
119,191
0
0
143,869|
P a g e | **13**
## **Kenton Baptist Church**
Notes to the Accounts for the year ended 31 December 2022
P a g e | **14**
## **Kenton Baptist Church**
Supplementary Schedule to the accounts (not part of independently examined accounts)
**Income & Expenditure Analysis for year ended 31[st] December 2022**
P a g e | **15**
## **Kenton Baptist Church**
## Supplementary Schedule to the accounts
## (not part of independently examined accounts)
## **Analysis of Income and Expenditure for year ended 31[st] December 2022**
|**Incoming Resources**
Freewill Offerings
Donations
Hall lettings
Income from Church organisations, subs etc.
Church miscellaneous income
Interest
**Total Incoming Resources**
**Expenditures of Resources**
Staff Cost & Expenses
Premises
Church Equipment
Outreach & Events
Church Organisations Materials and Equipment
Mission Giving
Admin & Misc.
**Total Resources Expended**
**Net incoming/(outgoing) Resources**|**2022**
**Total**
**£**
64,271
8,402
53,171
2,999
0
1,149
**129,992**
41,355
54,553
460
1,933
2,115
11,778
6,997
**119,191**
**10,801**
|**2021**
**Total**
**£**|
|---|---|---|
|||67,535
7,990
31,526
1,986
0
760|
|||**109,797**|
|||44,172
35,673
1,704
459
1,742
14,670
4,941|
|||**103,361**|
|||**6,436**|
During the year the Church gave to Church organisations £0 (2021: £0) and received from Church organisations £0 (2021: £0).
P a g e | **16**
Kenton Baptist Church
Report of the Trustees for the year ended 31 December 2022
e) Financial and policy review
The Church's income is principally derived from freewill offerings and from rent charged to the two
preschool Eroups and Betel Romanian Pentecostal Church. During 2022 the freewill offering
income of the Church plus periodic donations slightly exceeded the level budgeted in November
2021. We thank God for this and honour the faithfulness of the Church family in sustaining their
giving through this time. Rental income was a little lower than budgeted. The substantial apparent
surplus against budget shown on the yearfs account5 was almost entirely due to delayed (and
costly) maintenance work on the Church driveway that will be completed and paid for in early 2023.
We set a bud8et prior to the start of each year, and use this to manage finances through the year.
A financial report is provided at a monthly Deacons meeting and bi-monthly Church meetings. The
Church has adequate financial reserves but will continue to hold as minimum reser4es the sum of
Senior Minister and Administration annual budget lines- for 2022, £48,225}.
The Deacons continued to monitor risks to the Church. including financial risk and those relating to
maintaining Covid-secure activities.
n Diaconate responsibilities
The Diaconate is responsible for preparing this report and the financial statements in accordance
with applicable law and United Kingdom Accounting Standards. Charity Law requires the Diaconate
to prepare financial statements for each financial year which give a true and fair view of the affair5
of Kenton Baptist Church and of its incoming and outgoing resources for the year.
In preparing these financial statements, the Diaconate is required to
select suitable accounting policies and apply thern consi5tentlv
observe the methods and principles in the Charities SORP
make judgements and estimates that are reasonable and prudent
state whether applicable accounting standards have been followed, subject to any
material departures disclosed appropriately in the financial statements
prepare the financial statements on the going concern basis unless it is inappropriate to
assume that Kenton Baptist Church will continue to exist
The Diaconate is responsible for keeping adequate accounting records that disclose with reasonable
accuracy the financial position of the Church and which enable it to ensure that the financial
statements comply with applicable Accounting Standards of Recommended Practice (the FRS1021,
and the Accounting Regulations set out under the Charities Act 2011. It 15 also responsible for
safeguarding the assets of the Church and fortaking reasonable steps forthe prevention and
detection of fraud.
The trustees approved the trustees. report above at their meeting on 7th March 2023. It IS Signed
on behalf of the charity's trustees as follows-
Signature
Full name
Karen Elaine Ho88e
Church Secretary
Position
Date
4/tsiJ3
Kenton Baptist Church
Report of the Independent Examiner to the Diaconate for the
year ended 31 December 2022
Independent examinerfs report to the Ministers and Deacons {the trustees) of Kenton Baptist
Church
I hereby report on your accounts for the year ended 3111212022 as set out on the attached pages
and on my examination thereof under S145 of the Charities Act 2011 ICA2011) & guidance from the
Baptist Union.
Respectlve responsibilltles of Trustees and Examirber
The Trustees are responsible for the preparation of the accounts. You consider that the audit
requirement of S144 of the Charities Act 2011ICA2011 The Act) does not apply. It is mv
responsibility to report, on the basis of procedures spetified in the general directions given to the
charity commissioners under S145{51 {b) of the act whether particular matters have come to my
attention.
Basls of report
My examination was carried out in accordance wtth the General Directions given by the Charity
Commission under S145 of the art. That examination includes a review of your accounting records
and a comparison of the accounts to those records. It also includes consideration of any unusual
items or disclosures in the accounts and seek explanations from you to them. The procedures
undertaken do not provide all the evidence that would be required in an audit and consequently I
do not express an audit opinion on the accounts.
Independent Examlners statement
During my examination, no matter has come to my attention:
which gives me reasonable cause to believe that in any material respect the requirements
to keep proper accounting records in accordance with $130 CA2011
to prepare accounts with accordance with the accountin8 records and the
requirements of that Act
have not been met.
2. to which I believe attention should be drawn in order to enable a proper understanding of
the accounts to be reached.
Signature
Full name
Clive Backhouse FCA
Date
Kenton Baptist Church
Balance Sheet
for the year ended 31 December 2022
Balano Sheet
2022
2021
Current Assets
Cash at Bank
Cash in Hand
London Baptist Property Board
BU 12 month deposit account
BU 3-month notice deposit
M&G Units
Shawbrook Deposit Account
Total Current Assets
33,048
709
27.899
43,868
210
27,534
42.213
61,456
133,068
143,869
Uabllltles due wlthin one year
Total Net Assets
143.869
133.068
Charltable Funds
Unrestricted Funds
Restricted Funds
143.222
647
132.421
647
Total Funds
143.869
133.068
These accounts were approved by the trustees at their meeting on 4 April 2023. and are signed on
their behalf as follows..
Signature
Full name
lan Richard Sm
Georgina Ofosu-osei
Treasurer (from 01/08/2022)
Position
Treas
er
0 31107/2022)
Date
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