OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2020-12-31-accounts

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

FOR

RISING BROOK BAPTIST CHURCH

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

Pages
Report of the Trustees 1 - 2
Independent Accountant Report 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Financial Statements 6 - 12

RISING BROOK BAPTIST CHURCH Report of the Trustees for the Year Ended 31 December 2020

The Trustees are pleased to present their annual directors’ report with the financial statements of the charity for the year ending 31 December 2020 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting Standard 102 “The Financial Reporting Standards applicable in the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities”.

Introduction and Objects

Rising Brook Baptist Church is a company limited by guarantee, without a share capital and is governed by the directors, subject to the requirements of charity law. The principal object of the Church is to promote the advancement of Christian faith.

Reference and administrative details

Charity number: 1136190 Company number: 07122684 Registered Office: Rising Brook Baptist Church, Burton Square, Stafford, ST17 9LT

Our advisers

Accountants Wynniatt-Husey Limited The Old Coach House, Horse Fair, Rugeley, Staffordshire, WS15 2EL Bankers Lloyds Bank Plc Market Square, Stafford, ST16 2JL

Trustees’ responsibilities in relation to the financial statements

The directors of the charitable company (the charity) are its trustees for the purpose of charity law. The trustees and officers serving during the year and since the year end were as follows:

Mrs P M Edwards (Resigned 25[th] March 2021) Mrs M A Stephenson Mr M J Young Mrs D E Corson Mrs S Phillips Mr A W Pressdee Mrs C A Almond Mr S Eyton-Jones Mr K Nurse

Organisation

The Directors determine the general management policy of the Church under the guidelines laid down by the Baptist Union Corporation Limited. The day to day management is delegated to the Leadership Team. There have been no material changes in the policy since the last report.

Related parties and co-operation with other organisations

None of our trustees receive remuneration or benefits in kind from their work with the charity other that the Ministers.

1

RISING BROOK BAPTIST CHURCH Report of the Trustees for the Year Ended 31 December 2020 continued

Trustees’ responsibilities in relation to the financial statements

The charity trustees (who are also the directors of the Rising Brook Baptist Church for the purpose of company law) are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company at the end of the financial year and of the incoming resources and application of resources, including the income and expenditure of the charitable company for the period ending on that date. In preparing the financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financials statements comply with the Charities Act 2011 and part 15 of the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Review

The Church’s funds are retained in order to finance both its activities and the maintenance and enhancements of the Church buildings. The Directors confirm that any major risks to watch the Church is exposed have been reviewed and procedures have been established to mitigate those risks.

Approved by the Church on ……….. and signed on its behalf by:

….………………………………………………………….…… Mrs S Phillips Director

………………………………………………………………….. Mr M Young Director

2

RISING BROOK BAPTIST CHURCH

Independent Examiner’s report to the Trustees of Rising Brook Baptist Church Charitable Company

I report on the accounts of the company for the year ended 31 December 2020, which are set out on pages 2 to 11.

Respective responsibilities of trustees and examiner

The Trustees (who are also the directors of the company for the purpose of company law) are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required under section 144(2) of the Charities Act 2011 (the 2011 Act) and that and independent examination is needed.

Having satisfied myself that the charity is not subject to audit under Part 16 of the Companies Act 2006 and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commission. 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 the seeking of explanations form you as 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:

Mr T D Mayne For and behalf of Wynniatt-Husey Limited Chartered Accountants & Statutory Auditor The Old Coach House Horse Fair Rugeley Staffordshire WS15 2EL

Date………….

3

RISING BROOK BAPTIST CHURCH

Statement of Financial Activities For the year ended 31 December 2020

Notes Unrestricted Unrestricted Unrestricted
Funds Funds
2020 2019
£ £
Incoming Resources
Giving Gift Aid 480,660 493,434
Sundry Income 7,645 8,159
Café & Catering Income 19,028 91,675
Room Booking Income 16,567 44,358
Gifts from Mission Partners 3,751 4,121
Community Outreach 1,328 13,165
CYF Income 8,539 10,454
Grant Income 56,342 25,133
Library Income 900 4,541
Government Grants 75,405 -
New Site Income 8,333
Leadership School 2,894 5,441
Thank Offering 10,000 23,552
Work Done for Others 55,070 21,473
Discipleship Income 7,082 6,510
Released from Network Pot 1,757
Total Incoming Resources 745,212
762,106
Total Direct Charitable Expenditure 769,860 769,860
Net Incoming /(Outgoing) Resources 67,043 (7,754)
Before Transfer
Transfer between funds 3,591 (15,831)
______ _
Net Income Resources Before 2 70,634 (23,585)
Exceptional Income
Net Movements in Funds
Fund balances brought forward 62,681 86,266
Funds Balances Carried Forward 133,315 62,681

4

RISING BROOK BAPTIST CHURCH

Balance Sheet As at 31 December 2020

Notes Unrestricted Unrestricted
Funds Funds
2020 2019
£ £
Fixed Assets
Tangible assets 4 411 411
411 411
Current Assets
Debtors 5 27,049 32,265
Cash at bank and in hand 239,375 139,248
266,424 171,513
Creditors:amounts falling due within one year 6 28,914 30,529
______ ______
Net Current Assets/(Liabilities) 237,510 140,984
______
Total Assets 237,921 141,395
Represented By:
Members fees 190 190

Unrestricted funds		 128,795 58,161
Designated funds 7 108,936 83,044
237,731 141,205
237,921 141,395

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on ………….. and were signed by:

Martin Young - Director ………………………………………

Mrs S Phillips- Director………………………………….

5

RISING BROOK BAPTIST CHURCH

Notes to Financial Statements For the year ended 31 December 2020

1) Accounting Policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

Basis of Accounting

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice Applicable to charities preparing their accounts in accordance with Financial Reporting Standard 102 (Charities SORP (FRS 102) “The Financial Standard applicable in the UK and Republic of Ireland including the provisions of Section 1A “Small Entities” and the Companies Act 2006.

Rising Brook Baptist Church meets the definition of a public benefit entry under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost or valuation less depreciation.

Depreciation is provided at rates calculated to write off the costs of fixed assets, less their estimated residual, over their expected useful lives on the following bases:-

Fittings and furniture 10% straight line basis

Expenditure

All expenditure is accounted for gross, and when incurred. Those expenses which are attributable to two or more expense headings are apportioned between those headings on an appropriate basis. Donations made are included in the year in which they are paid.

Income and Donations

Donations and bequests are accounted for when received by the Church. Other income is accounted for on an accruals basis as far as it is prudent to do so. Income includes tax received and recoverable.

Monies collected for and paid over to other churches and charities are not included in the Statement of Financial Activities.

Donation of Assets

Gifts of tangible assets are included in these accounts at an estimate valuation which approximates to cost. Donations are included in the income and expenditure account as such, and in the balance sheet under appropriate headings.

Fund Accounting

All monies received are for the general running of the church and no specific restriction is given by the donor. The managing trustees have transferred all retained funds to unrestricted reserves.

6

RISING BROOK BAPTIST CHURCH

Notes to Financial Statements For the year ended 31 December 2020 continued

2) Net Incoming Resources for the year

This is stated after charging:

2020 2019
Depreciation 0 0
Minister’s salaries 191,565
Administration staff salaries 266,879
Staff pensions 8,819
Accountancy fees 2,760 2,360

3) Taxation Status

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gain Act 1992 to the extent that these are applied to its charitable objects.

7

RISING BROOK BAPTIST CHURCH

Notes to Financial Statements For the year ended 31 December 2020 continued

4) Tangible Fixed Assets
Plant & Fittings & Total
Machinery Furniture
RBH(C&C)
Ltd
£ £ £
Cost or valuation
At 1 January 2020 938 136,410 137,348
Additions - - -
Disposals - - -
_ _ _
At 31 December 2020 938 136,410 137,348
Depreciation
At 1 January 2020 527 136,410 136,937
Eliminated on disposals - - -
Charge for the year - - -
_ _ _
At 31 December 2020 527 136,410 136,937
Net Book Value
At 31 December 2020 411 0 411
At 31 December 2019 411 0 411

8

RISING BROOK BAPTIST CHURCH

Notes to Financial Statements For the year ended 31 December 2020 continued

5) Debtors

Debtors
Income tax recoverable
DFN Transactions
Prepayments
6) Creditors

Accruals
Creditors (Rising Brook Hosp (C+C) Ltd)
Credit Card
PAYE
7) Designated Funds

Building Fund
Gambia Projects
Youth Projects
Other Overseas Projects
Local Projects
Other (Held on Behalf of Others)

8) Reserves		 2020
£

6,092
8,599
2,970
9,388
32,265
2020
£

15,061
2,100
3,441
8,311
28,914
2020
£

34,917
12,666
2,773
8,520
48,165
1,895
108,936



2019
£
5,475
11,080
2,898
12,812
32,265
2019
£
19,199
2,100
9,230
30,529
2019
£
12,434
3,880
2,412
17,170
42,686
4,462
83,044

Totals
£		 Unrestricted
Funds
£		 Designated
Funds
£		 RBH(C&C)
Ltd
£		 Members
Fees
£
At 1 January 2020 141,395 62,681 83,044 (4,520) 190
Surplus/(Deficit) for
the year		 67,043 67,043
Designated Fund
Movement/transfers
Between funds		 29,483 3,591 25,892
At 31 December 2020 237,921 133,315 108,936 (4,520) 190

9

RISING BROOK BAPTIST CHURCH

For the year ended 31 December 2020 continued

9) Capital Commitments

At 31 December 2020 there were no capital commitments for which contracts had been placed or amounts authorised by the Directors.

10) Employee Number and Costs

Ministers & Directors
Support & Administration
No employee earned £40,000 p.a. or more.
Aggregate amounts paid in respect of:
Wages
Social Security costs
Pension costs		 2020
9
19
28
2020
£
448,127
26,981
11,881
486,989		 2019
9
19
28
2019
£
454,369
30,106
8,764
493,239

No Director has received remuneration or benefits in kind from the Church during the year other than the Ministers.

10

RISING BROOK BAPTIST CHURCH

Detailed Income Expenditure Account For the year ended 31 December 2020

Incoming Resources
Giving – Regular
Giving – Loose Bag
Giving – One-offs £1,000+
Giving Gift Aid
Sundry Income
Café & Catering Income
Room Booking Income
Gifts from Mission Partners
Community Outreach
CYF Income
Grant Income
Government Grants
Library Income
New Site Income
Leadership School
Discipleship Income
Work Done for Others
Thank Offering
Released from Network Pot
Resources Expended
Salaries & Wages
Ministers & Staff Training
Minister & Staff Expenses
Intern Costs
Sunday Services
Online Church
Events
Community Outreach
CYF Expenditure
Pastoral Care
Discipleship & Clusters
Local & Global Mission
Hospitality
Centre Ministry
Marketing & Communications
IT Costs
Subscriptions
Professional Fees
Rent & Rates
Utilities
Facilities Maintenance & Cleaning
Minibus
Photocopier, Stationary Etc
Telephone & Wifi
Library
Grant Expenditure		 2020
£
334,631
5,779
42,200
98,050
7,645
19,028
16,567
3,751
1,328
8,539
56,342
75,405
900
-
2,894
7,082
55,070
10,000
-
745,211
486,989
2,503
5,912
-
2,554
290
721
1,172
7,312
350
4,913
38,274
652
727
6,617
4,201
3,636
14,186
7,372
28,589
14,793
1,784
19,657
4,795
77
5,381		 2019
£
336,769
29,624
34,548
92,493
8,159
91,675
44,358
4,121
13,165
10,454
25,133
-
4,541
8,333
5,441
6,510
21,473
23,552
1,757
762,106
493,239
7,478
6,825
-
9,267
414
2,989
13,207
7,855
437
5,291
38,778
1,689
1,379
7,988
7,283
3,276
14,401
7,570
37,613
22,126
970
19,841
4,684
1,343
-

11

RISING BROOK BAPTIST CHURCH

Detailed Income Expenditure Account Continued For the year ended 31 December 2020

Safeguarding
Leadership School
Café & Catering Non-staff Costs
Conferencing Non-staff Costs
Miscellaneous
New Site
Net expenses over receipts to be carried forward		 2020
£
461
2,894
10,587
105
664
-
678,168
67,043		 2019
£
507
5,441
41,962
1,018
159
4,830
769,860
(7,754)

This page does not form part of the statutory financial statements.

12