RFGISTERED CIIARITY NUMBER: 1134872 Re ort of the Trustees and Unaudited Financial Sitatements ror the Year Ended 31 December 2023 for Catshlll Ba tist Church Attwoods Chartered Certified AcLounlants 182 Il'orcester Road Bromsgrove Worcestershire B61 7AZ
Catshill Ba tlst Church Contents of the Financial Statements for the Year Ended 31 December 2023 Page Report of the Trustees Independent Examlner's Report ststement of Financial Activities Balance Sheet Notes to the Flnanclal Statements 5 to 10 Detalled Statement of Financial Activlties
Catshlll Ba tist Church ort of the Trustees for the Year Ended 31 December 2023 The trutritees prcsent their report with the financial statements of the charity for the year endLd 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charitics: Statement of Recommendcd Practice applicable to Lharities preparing thcir accounts in accordance w'ith the Financial Reporting Standc2rd applicablc in the UK and Republic of. Ireland (FRS 102) (effective l January 2019). ACHIEVEMENT AND PF.RFORMANCE Internal and externAI factors During 2023 the Lhurch was running in a normal way with most members attending church on a regular basis. Wc are still aware of the increased social and economic impact which has continued through the year, so the food bank remains a major elcment of the church's service to the community. With this in mind the church also looked at The Renew and Welcoming a.spect of community life and afier much t-aLI gathering and lSitS to other church venues offering the S<inie resource it was decided to start a Renew Wellbeing Cafe meeting once per week. This started in September 2023 and has been received well by the local community. The level of activity in the Foodbank and renLW well being is cxpected to continue tbrough 2024. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document Thc charity is controlled by its governing document, a constitution adopted 24 June 2009, as amended on 18 July 2021. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Charity number 1114872 Principal address Milton Road C.atshill Bromsgrove Worcestershire B61 ONA Trustees M Hotchin (resigned 1.3.23) Rev S Gudger J Markie (re-elected 16.1.24) M Timmins (resigned 31.1.24) A Treweeks J Marshall M Farrand K Fountain (appointed 1.3.23) D Scholes (appointed 1.3.23) (resigned 16.1.24) Independent Examiner Attwoods Chartered Certified Accountants 182 Worccster Road Bromsgrove Worcestershire B617AZ Approved by order of the board of trustees on ............................... ............. and signed on its b¢half by: A Treweeks - Trustee Pagc I
Inde endent Examlner's Re ort to the Trustees of Catshill Ba tist Church Independent examiner's report to the trustees of Catshill Baptist Church I report to the charity trustees on my examination of the accounts of Catsliill Baptist ChurLh (thc Trust) for the year ended 3 l December 20?3. Responsibilities and basis of report As the charity trustee&• Ot" the Trust YOU dre rcsponsible for the preparation of the aLcounts in accordance with the requirenients of the Charities Act 2011 ('the Act,). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. Independent examiner's statement I have Lomplcled my examination. I confinn tliat no material mallers have come lo my attention in conncctioii with the examination 'ing me cause to believe that in any material respect: accounting records were not kept in rcspcct of the Trust as required by Section 130 of the Act; or the accounts do not accord with those records; or the accounts do not comply with the appliLable rcquirLments Loncerning the forni and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement thai the accounts give a true and fair view which is not a matter considered as part of an independent exdmination. I have no concerns and have come across no other matters in connectioii with the examination to which attention should be drawn in Ihis rcport in ordcr to cnable a proper widerstanding of Ihe accounts to bc rcachcd. Attwoods Chartered Certified Accountants 182 Worcester Road Bromsgrove Worccstershire B617AZ 0510612024 Page 2
Catshill Ba tlst Church Statement of Financial Activities for the Year Ended 31 December 2023 31.12.23 Total funds 31.12.22 Total funds Unrestricted fund Restricled fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 110,187 119,7S7 109,344 Charitable activities ChurLh activites 607 206 607 206 26,499 2,416 2.156 20,289 Other grants and donations Homc Essenlialb 26,499 Other trading activitiLs Invesm]ent income 682 682 429 1,48? Total 113,601 36,069 149,670 136,116 EXPENDITURE ON Charitable activities Church activites 99,243 99,243 22,496 5,570 4,360 1,200 5,590 97,589 17,772 5,005 6,810 1.200 7,324 Foodbank cxpenditure Donations to Home Mission Donations to BMS World Mission Donations to Hope Home Other grants and donations Building maintenance 22,496 5,570 4,360 1,200 5,590 29,525 14,176 24,518 Homc Essentials 28,986 28,986 Total 145,488 196,970 174,394 NET INCOME/(EXPENDITURE) (31,887) (15,413) (47JOO) (38,278) RECONCILIATION OF FUNDS Total funds brought forward 786,877 35.063 821,940 860,218 TOTAL FUNDS CARRIED FORWARD 754,990 19,650 774 640 821.940 Thc notes forni part of these financial statements Page 3
Catshill Ba tist Church Balance Sheet 31 December 2023 31.12.2.1 Total funds 31.12.22 Tot¢il funds Unrestricted fund R¢striLtLd fund Notes FtXED ASSETS Tangible &ssets 678,912 678,912 678.912 CURRENT ASSETS Debtors Cash at bank 5,023 5,023 4,212 147,204 19,650 84,928 19,650 104,578 151,416 CREDITORS Amounts falling due within one year (8,849) (8,849) (8,388) NET CURRENT ASSETS 19,6511 95,729 143,028 TOTAL ASSETS LESS CURRENT LIABILITIES 754,991 19,650 774,641 821,940 NET ASSETS 19,650 774,641 821,940 FU,Ds Unrestricled funds Restricted tunds 786,877 35,063 TOTAL FUYDS 774,641 821,940 The financial statements were approved by the Board of Trustees and authorised for is8ue on 3..-..... 20.14....... and were signed on its behalf by.. arshall - Trustee The notes fomi part of these financial statements Pagc 4
Catshlll Ba tlst Church Notes to the Financial Statenients for the Year Ended 31 December 2023 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statemcnts of the charity, which is a public bcnefit cntity undcr FRS 102, haN'e been prcpared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effcctive l January 2019),. Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historiLal cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expendlture Liabilities are recognised as expenditure as soon as there is a legal or constructive obligatiun committing the charity to that expenditure, it 18 probable that a transfer ot- economic benefits will be required in settlement and the amount of the obligation can be measured rcliably. Expenditure is accountcd for on an accruals basis and ha&* been classified under headings that aggrcgate all cost relal¢d lo the category. Where c05ls Lanncjt be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resource•. Grants offered subject to conditions which have not been met at the year end date are noted as a commitmcnt but not accrued as expenditure. Tangible fixed assets Depreciation is not provided on assets. Taxation The charity is exempt from tax on its charitable activities. Fund accounting Unrestrictcd funds can be used in accordance with thc charitable objectives at the discretion ot" the trustees. Re,stricted funds can only be used for particular restricted purposes within the objecLs of the charity. Restrictions arise when specified by the donor or when funds are raiscd for partlLular restricted purposL&b. Further cxplanation of the naturc and purpose of each fund is included in the notes to the financial statements. Hire purchase and Icasing commltments Rentals paid under operating l¢ases are charged to the Statemcnt L)f Financial Activities on a straight linc babis over the period of the lease. Pension costs and other post-retirement benefits The charity operates a defined contribution pension scheme and also a defined benefit scheine: as ret'erred to in Note I l. Contributions payable to the charity's pension scheme arc charged to the Statcmcnt of Financial Activities in the period to which they relale. Page 5 continued...
Catshill Ba tlst Church Notes to the Financial Statements - continued for the Year Lnded 31 December 2023 COMPARATIVES FOR THE STATEIIIENT OF FINANCIAL ACTITr'ITIES- continued Unrestricted Restricled fund fund Total funds EXPENDITURE ON Charitable activities Church activities Foodbank expenditure Donations to Homc Mission Donations to BMS World Mission Donalions to Hope Home Oiher grants and donations Biiilding mdintLnance Home Essentials 97,589 97,589 17,772 5,005 6,810 1,200 7,324 14,176 24.518 17,77? 5.005 6,810 1,200 7,324 14,176 24,518 Total 132,104 42,290 174394 ET TNCONIE/(E.¥PF.NDITURE) Transfers betTh'een funds (23,398) 5.0?0) (14,880) 5,020 (38,278) Net moTr'ement in funds (28,418) (9,86Q) (38,278) RECONCILIATION OF FUIIDS Total fund2• brought fonvard 815,295 44,923 860,218 TOTAL FliNDS CARRIED FORWARD 786,877 821,940 TA,YGIBLE FIXED ASSETS Freehold property COST At l January 2023 and 31 December 2023 678,912 NET BOOK VALLE At 31 December ?0?3 678 912 At 31 December ?022 678,912 Freehold Property represents the church premises and manse. of which the church is the beneficial 0mer (subject to thc relevant trusts): the legal title to which is held by the churLh's custodian trustee the Hcart of England Baptist Association (Charity No. 1080529). Addition.s to frcehold propLrty during 2017 and 2018 totalling £443,913 represent the building cost of a new church hall. Page 7 continuLd..
Catshill Ba tlst Church Notes to the Financial Statements - continued for the Year Ended 31 December 2023 DEBTORS: AMOUNTS FALLING DUE W'ITHIY ONE YEAR 31.12.23 31.12.22 Gift Aid 5.023 CREDITORS: AMou'Ts FALLING DUE WITHI,N O.NE YEAR 31.12.23 31.12.22 Trade Lreditors Taxation and social security Other creditors 1,241 828 6.780 257 871 7,?60 8,849 8,388 MOVEMENT IN FuDs Net movement in funds At 31.12.23 At 1.1.23 Unrestricted funds General fund 786,877 (31.887) 754,990 Restricted funds General restricled 35,063 (15,413) TOTAL FUNDS 821,940 47,100) 774,640 Net movement in funds. Ancluded in the above are as follows: Incoming resources Resources expended M()vement in funds Unrestricted funds General fund 113,6111 (145,488) (31,887) Restricted funds GL'neral restriLted 36,069 (51,482) (15,413) TOTAL FUNDS 149,670 196,970) 47,300) Page 8 continucd...
Catshill Ba tlst Church Notes to the Financlal Statements - continued for the Year Ended 31 December 2023 MOVEMENT IN FLTNDS- eontinued Comparatives for movement in funds Net movement in funds Transfers between fundtii At 31.12.22 At 1.1.22 Unrestricted funds General fund 815,295 (23,398) (5.020) 786,877 Restricted funds General restricted 44,923 (14,880) 5,020 35,063 TOTAL FUNDS 860,218 38,278) 811.940 ComparatiTre net movement in funds. included in the above are a• follo.: Incoming resourccs Resources expended Movement in funds Unrestricted funds General fund 108,706 (132,104) (23,398) Restricted funds General restricted 27.410 (42,290) (14,880) TOTAL FUNDS 136,116 174,394) (38,27fl} A current year 12 months and prior year 12 months combined position is as follows: Net movement in fund& Tran.sfers bctwccn funds At 31.12.23 At 1.1.22 Unrestricted funds General fund 815,295 (55,285) (5.020) 754,990 Restricted funds General restricted 44,923 (30,293) 5,0?0 19,650 TOTAL FUNDS 860,218 Page 9 continued...
Catshlll Ba tist Church Notes to the Financial Statements - continued for the Year Ended 31 December 2023 MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incoming resources Resources expeiided Movement in funds Unrestricted funds General fund 222,307 (277.592) (55,285) Restrlcted funds General restricted 63,479 (93,772) (30,293) TOTAL FUNDS 285 786 371,364) 85,578) 10. RELATED PARTY DISCLOSURES There are no related party transactions during the year other than those detailed in note 4. 11. PENSION SCHEME LIABILITIES The Church is a participating employer in the Baptist Pension SLheme ("the Scheme"), which is a separate legal entity administered by the PeThsion Trustee (Baptist Pension Trust Limited). The assets of the Scheme are hcld scparately from those of thc Employer and the othcr participating emplovcrs. The Scheme, previously known as the Baptist Ministers, Pension Fund. started in 1925: but was closed to future accrual of defmed benefits on 31 December 2011. Prior to this date the main benefit providcd through the Defined Benefit (DB) Plan was a pension of one eightieth of final minimum pensionable income for each year of pensionablc service together with additional pension in respect of premiums paid on Pensionable Inconie in excess of Minimum Pensionable InLome. Since l January 2012, benefits have been provided through a Defmed Contribution (DC) Plan. A fornjal valuation of the DB Plan as at 31 December 2019 by a professionally qualified Actuary using the Projecled Unit Method. At the valuation date the market value of thc DB Plan assets was £298 million, whilst the level of assets needed to pay benefits was £316m. giving a deficit of £18m (equiTr"alent 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. At Ihe end of June 2022: IhL Baptist Pension Scheme signed an agreLment with an insurance company lo secure members, pension benefits under the Detined Benefit ('DB') Plan. This transaction took the Schen)e out of a shortfall position. Although risks remain, the Baptist Union and the Trustee of the Schemc agreed that deficit contributions from each participating employer in the DB Plan would reduce to just £1 per month from August 2022. Pagc 10
Catshill Ba tist Church Detailed ,Statement of Financial Actlvltles for the Year Ended l December 2023 31.12.23 31.12.22 tNCOME A,ND ENDOWMENTS Donations and legacies Gifts Gift aid Legacies Foodbank gifts 91,926 18,262 84,137 16,086 2.000 7,121 119,757 109.344 Other tradlng activities Speaker nights Room hire 140 ?89 682 682 429 Investment income Deposit account interest HF,BA interest .343 72 1,410 1,919 1.482 Charitable activltles Grants Time out Saturday coffcL morning Misc income 26,705 23,060 74 590 326 281 27 24,861 Total incoming resources 149,670 136,116 EXPENDITURE Charitable actlvities Trustees, salaries Trustees, pensions paid Trustees, expenses Baptist Union pension deficit Rates and water Insurance Light and heat 48,600 3,953 1,576 12 4,006 3J28 53,320 4,064 1,175 2,192 3,416 3,168 t 11 Telephon¢ Stationery Sundrie5 Course lind membcrship fees Youth activities c.hurch events Carricd forward 16,496 249 1,608 9,623 3,164 836 855 94,306 8,363 311 2,423 9,017 2,577 1,116 1,295 This page does not fomi part of the statutory fjnancial statements Pagell
Catshill Ba tist Church Detailed Sitatement of F"inancial ActllTities for the Year Ended 31 December 2023 31.12.23 31.12.22 Charilable activities Brought forward Food Bank costs Preaching and visiting speaker Property maintenance Professional fees Equipment costs 14ome essLntials Losts Grants and donations 94,306 22,496 470 92,437 17,772 870 14,193 5?2 2,507 24,518 21,575 540 2,532 28,986 196,970 174,394 Total resources expended 196 970 174,394 ]N'et expenditure (47,300) (.38,?78) This page does not forn] part of the statutory financial slatcmLnts Page 12