RKPORT OF THE DIRECTORS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 FOR RISING BROOK BAPTIST CHURCH CONTENTS OF THE FINANCIAL.STATFMKNTS FOR THE YEAR ENDED 31 DECEMBER 2023 Pages Report of the Trustees Independent Accountant Report Statement of Financial Activities Balance Sheet Notes to the Financial Stalements 6-12
IUSING BROOK BAvfIsT CHURCH Report of the Trustees for the Year Ended 31 December 2023 The Trustees are pleased to present their annual directors, report with the financial statements of the charity for the yeai. ending 31 December 2023 which are also prepared to meet the requirements for a directors, report and accounts for Companies Act purposes. The financial statements comply with the CltIeS Act 2011. the Companies Act 2006, the Memorandum and Articles of Association, and Accounting Reporting by Chai'ities: 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 l A "Small Entities" Introduction and Objects Rlsing Brook Baptist Church is a company limited by guarantee, without a share capital and is governed by the directors, subject to the requirements of chai'ity law. The principal object of the Church is to promote the advancement of Christian faith. Reference and administrative details Charity number: Conipany number,, Registeird Office: Our advisers Accountants 1136190 07122684 Rising Brook Baptist Church, Burton Square, stsfford, STI 7 9LT Wynniatt-Husey Limited The Old Coach Hous¢, Horse Fair, Rugeley, Staffordshire, WS15 2EL Market Square, Stafford, STI 6 2JL Bankers Lloyds Bank PIC Trustee8' responsibilities in relation to the financial 8tatements The directors of the charitable coinpany (the charity) are it5 truste¢s for the purpose of charity law. The trustees and officers serving during the year and since the year end were as follows: Mrs M A Stephenson Mrs D E Corson Mrs S Phillips Mr A W Pressdee (Resigned 1510512024) Mrs C A Almond Mr S Eyton-Jon¢s (Resigned 3110512023) Mrs C A Summers Mr A Yendole {Appointed 1010512023) Mr DJ Moorc (Appointed 2110512024) Mr JD Marshall (Appointed 2110512024) Organisation The Directors detem]in¢ the general management policy of the Church under the guidelines laid down by the Baptist Union Cotporalion Limited. The day to day management is delegated to the Leadership Team. There have been no material changes in the policy since the last i-eport, Related parties and co-operation with other organisations None of our Irustees receive remuneration or benefits in kind from their work with the charity othej" that the Ministers,
RISING BROOK BAPTIST CHURCH Report of the Trustees for the Year Ended 31 December 2023 continued Trustees, responsibilities in relation to the finaneial statements The charity trustees (who are also the directors of the Rising Brook Baptist Church for the purpose of company law) are responsible for piEparing a trustees, annual report and financial statements in accordance with applicable law and United Kingdom Accountllig Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the charity ti'ustees to prepare fjnancial statements for each yeai, which give a ti'ue and fair view of the statc of affairs of the charitable coinpany at the end of ihe financial year and of Ilie incoming resoui'ces 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 I'equtred to: Select suitable accounting policies and then apply them consistently; Observe the methods and principles in the Charities SORP; Make judgements and estimates that are reasonable and prudent. State whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial slatements. Prepare the financial statements on Ihe going concern basis unless il is inappropriate to resume that the charity will continue iii business. The tiustees ar¢ responsible for keeping proper accounting records that disclose with i'easonable accuracy at any time the financial position of the charity and to enable them to ensure tl)at the financials statements comply with the Charities Act 201 l and part 15 ofthe Coinpanies 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 maintenanc¢ and enhanceinents of tlie Church buildings. The Directors confirn] 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 ils behalf by: Mrs S Phillips Director Mrs C A Summers Director
RISING BROOK BAPTIST CHURCH Independent Examiner's report to the Trustees of Rising Brook Baptist Church Charitable Company I rcpoit on the accounts of the company for the year ended 31 December 2023. which are set outon pages2 to I l. Respective responsibilities of trustees and examiner The Trustees (who are also th¢ directors of the company for the purpose of company law) are responsible for the preparation of the accouiits. The charity's trustees consider that an audit is not required under section 144(2) ofthe Charities Act 2011 (the 20 I l Act) and that and independent examination is ne¢ded. 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: Examine the accounts under section 145 of the 2011 Act. To follow the procedures laid dowj) in the General Directions give by the Charity Commission under section 145(5)(b) if the 2011 Act. and To state whether particular matters have come to my attention. Basis of independent examiner's report My examination was can'ied out in accordance with the Geiieral 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 onsideration of any unusual items or disclosures in the accounts, and the seeking of explanations foiin 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 thc accounts present a 'true and fair view, and the report is limited to Ihose niatters set out in the statement below. Independent examiner's statement In connection with my examination, no matter has come to my attention: Accounting records have not been kept in acxordance with section 386 of the Companies Act 2006: The accounts do not accord with such records: Where accounts prepared on an accrual's basis, whether they fail to comply with relevant accounting requiremcnts under section 396 of the Companies Act 2006, or are not consistent with the Charities SORP (FRS 102) Any matter which the examiners believe should be drawn to the attention of the reader to gain a proper understanding of the accounts. Mr T D Mayne For and behalf of Wynniatt-Husey Limited Chartered Accountants & Statutoiy Auditor The Old Coach House Horse Fair Rugeley Staffordshire WS15 2EL Date..
RISING BROOK BAFTIST CHURCH Stydtement of Financial Activities For the year ended 31 December 2023 Notes Unrestricted Funds 2023 Unreslricted Funds 2022 Incoming Resources Giving Gift Aid Sundiy Income Café & Catering Income Room Booking Income Other Event Income Community Oulirach CYF Income Grant Income Library Income Government Grants Project Income Leadership School Thank Offering Work Done for Others Discipleship Income 490,172 7,745 55,003 50,823 1,240 12,118 9.802 83,482 475,939 6,976 52,257 45,215 2,000 4,247 7,102 41,808 11.981 17.713 11.707 63,251 29,125 18,665 28,036 31,200 14,961 Total Incoming Resources 833 133 739 435 Total Direct ChArilable Expenditure 860 916 817 996 Net Incoming l{Outgoing) Resources Before Transfer (27,783) (78,561) Transfer between funds 41.554 62,137 Net Income Resoiirces Before Exceptional Income 13,771 (16,424) Net Movements in Funds Fund balances brought forward 88,120 104,544 Funds Balances Carried Forward
IUSING BROOK BAPTIST CHURCH Balance Sheet As at 31 December 2023 Notes Unrestricted Funds 2023 Unrestricled Fllnds 2022 Fixed Assets Tangible assets Current Assets Debtors Cash at bank and in hand 30,668 109 733 140401 54,310 170265 224 575 Creditors: amounts falling du¢ within one year 31,258 37,859 Net Current Asseisl(Liabilities) 109.143 186,716 Total Assets 109 143 Represented By: Members fees 190 190 Unrestricted funds Designated funds 101,891 88,120 108953 186 526 The chai'itable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for th¢ year ended 31 December 2023. The memb¢rs have not required the charitable company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for: a) ensuring that the charitablc company keeps accounting records which comply with Section 386 and 387 of the Companies Act 2006 and. b) pi'eparing financial statemenls which give a true and fair vicw of the State of affairs of the charitable company as at the end of each financial year and of its profits or loss for each fiiiancial year in accordance with the requirements of Section 394 and 395 and which otherwise comply with th¢ requirements of the Companies Act 2006 relating to financial statements, so far as applicable to Ihe charitable company. The financial statements have been prcpar¢d in accordance with the provisions of Part 15 of the Companies Act 2006 rclaling to small companies. The financial statctllents were approved by the Board of DiJrctOTS on . signed by: . and were Mrs C A Summers- Director . Mrs S Phillips- Director.....
RISING BROOK BAPTIST CHURCH Notes to Financial Statements For the year ended 31 December 2023 l) Accounling Polieies The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows: Basis of Aceounling The financial statements have been prepared sn accordance witl) Accounting and Reporting by Charities: Statement of Recommcnded Practice Applicable to charities preparing their accounts in accordance with Financial Reporting Standard 102 (Charities SOKP (FRS 102) "The Financial Standard applicable in the UK and Republic of Ireland including the provisions of Section l A "Small Entities" and the Companies Act 2006. Rising Brook Baptist Church meets the definition of a public benefit entiy under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy nolc(s). Tangible Fixed Assets And Depreciation Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rat¢s Calculated to write off the costs of tixed assets, less th¢ir estimated residual, over their expected useful lives on the following bases:. Fittings and furniture straight line b&sis Expenditure All expeiiditure is accounted for gross, and when incued. Those expenses which are attributable to two or more expense headings are apportioned between those headings on an appropriat¢ 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 lo 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. DonatAon 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 air 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.
RISING BROOK BAYfIsT CHURCH Notes to Financial Staternents For the year ended 31 December 2023 continued 2) Net Incoming Resources for the year This is stated after charging: 2023 2022 Depieciation 411 Minister's salaries 157,092 172,404 Administration staff salaries 312,884 293,728 Staff pensions 11,063 11,291 Accountancy fees 3.150 3.000 3) T Axation Status The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of ihe Taxation of Chargeable Gain Act 1992 to the extent that these are applied to its charitable objects.
IUSING BROOK BAPTIST CHURCH Notes to Financial Statements For the year ended 31 December 2023 continued 4) Tangible Fixed Assets Planl & Machinery RBH(C&C) Ltd Fittings & Furniture Totsl Cost or v&luation At l January 2023 Additioiis Disposals 938 136,410 137,348 At 31 December 2023 938 136410 137 348 Deprecialion At l January 2023 Eliminated on disposals Charge for the year 938 136,410 136,937 At 3 l December 2023 938 137 348 Net Book Value At 31 December 2023 At 31 December 2022
IUSING BROOK BAPTIST CHURCH Notes to Financial Statements For the year ended 31 December 2023 continued S) Debtors 2023 2022 Debtors Income tax recoverable DFN Transactions Prepayments 6,992 8,993 6,463 2,003 9,484 3,046 6) Creditors 2023 2022 Accruals Creditors (Rising Brook Hosp (C+C) Ltd) Credit Card PAYE 15,923 2,100 5,564 20,120 2,100 7,082 7) Designated Funds 2023 2022 Building Fund Gambia Projects Youth Projccts Other Overseas Projects Local Projects Other (Held on Behalf of Others) {18,548) 8,536 178 4,343 11,575 978 39,533 9,130 1,700 6,753 40,017 8) Reserves Totals Unre$lrict¢d Funds Designated Fund$ RBH(C&C) Lld Members Fees Al l January 2023 Surplus/(Deficit) for the year 186,716 103,207 98,406 (15,087) 190 (27,783) (15,6S2) (10,567) Designated Fund MovementlÉrgnsfers Betiveen funds (49,790) 41,554 (91,344) At 31 December 2023 109,143 129,109 7,062 (27,218) 190
RISING BROOK BAPTIST CHURCH For the year ended 31 Deeember 21123 continued 9) Capital Commitments At 31 December 2023 there were no capital commitments for which contracts had been placed or amounts authorised by the Directors. 10} Employee Number and Costs 2023 2022 Ministers & Directors Support & Administration 10 19 22 No ¢mploy¢¢ earned £40,000 p.a. or more. Aggregate amounts paid in respect of: 2023 2022 Wagcs Social Security costs Pension costs 469,976 27,806 11,063 466,132 28,707 11,291 No Director has received remuneration or benefits in kind from the Church during the year othei. thali the Ministers. 10
RISING BROOK BAPTIST CEtURCH Detailed Income Expenditure Account For the year ended 31 December 2023 2023 2022 Incoming Resources Giving- Regular Giving- Loose Bag Giving- One-offs £l,OOO+ Giving Gift Aid Sundry Income Café & catei.ing Income Room Booking Income Other Event Income Community Outreach CYF Income Grant Income Governmeni Grants Library Income Project Income Leadership School Discipleship Incoin¢ Work Done for Uthers Thank Offering 341,641 6,257 43,934 98,340 7,745 55,003 50,823 1,240 12,118 9,802 83,482 323,804 4,458 59,001 88,677 6,977 52,257 45,214 2000 4,247 7,102 41,808 11,981 11,707 17,713 18,665 29,125 14,961 31.200 833 133 739 435 Resources F.xpended Sdl¢iries & Wages Ministers & Staff TrainAng Minister & Staff Expenses Sunday Services Online Church Evetits Community Outreach CYF Expenditure Pastoral Car¢ Disciplcship & Clusters Local & Global Mission Hospitality Centre Ministry Marketing & Communications IT Costs Subsci'iptions Professional Fees Rent & Rates Utilities Facilities Maintenance & Cleaning Minibus Photocopier, Stationary Etc Telephone & Wifi Library 508,845 5,837 3,453 2,952 4,345 2,460 11,067 6,919 440 15,250 56,955 6.683 3,299 5,948 3,637 5,683 12,764 4,230 83,392 34,187 1,701 13,443 4.186 506,130 3,166 5,973 2,666 5,138 5,494 3,482 5,581 692 12,095 81,651 6,723 580 5,716 8,351 3,724 12,400 7,493 39,335 42,699 1,494 21,241 3,454 11
RISING BROOK BAPTIST CHURCH Detailed Income Expenditure Account Continued For the year ended 31 December 2023 2023 2022 Safeguai'ding Grant Expenditure Leadership School Thank Offering Expenditure Project Expenditure Café & Catering Non-staff Costs Conferencing Non-staff Costs Miscellaneous Depreciation 1,516 1,549 22,568 1,707 34,814 2,471 164 8,532 640 19,040 2,382 164 411 817996 860 9I6 Net expenses ovei. receipts to be carried forward This page does not fonn part of the statutory financial statem¢nts. 12