Charity registration nutnber: 1136199 Small Heath Baptist Church Annual Report and Financial Statenents for the Year Ended 31 December 2023 Frultion Advisory LLP 29 Street stratford-up0rAV0n Warwtckshire CV37 6JG
Small Heath Baptist Church Conténts Referenc8 and AdminBtrattve Detsils Trustees, Report 2to5 ststoment of Trustees, Responsibilittes Independ8nt Exami$ Report ststement of FInarla1 Activities 8t09 Balan Sheet 10 Notss to the Financial Statements 11to24
Small Heath Baptist Church Reference and Administrative Details Trustoes Dillon h'am",'ttOii . Mlnlstsr in Training & Youth Liaison (appointed 25 F8bruary 2024) Evette Reid. Deputy Admin (appcmnted 25 February 2023) Ester Perreira. Evangelism {appointed 25 February 20231 Judith Lawrence, Tralnlng and Personal Development (appolnted 25 February 2023) May Green, Adult Social and Communty Develpment Worker Corngl Dacosta Loma Foster Philip Pri, Fimamce & Fabrlc Ualson (resigned 4 July 2023) Ken Hazel, Admln Support & Minlsty Lialson (reslgned 31 October 2023) Joy Vemal. Pastoral Jani Msuya, Youth {resigned 1 Febnjary 2023) Delson Perrelra, Fabrfc (resigned 1 February 2023) Principal Office 14 Jenkins Str88t Small Heath Birningham B10 OQH Charlty Reglstratlon Number 1136199 Indepond8nt Examlnèr Fruition Advisory LLP 29 Wood Str88t Stra(tord-upon-Avon W8rwid(shire CV37 6JG Page 1
Small Heath Baptsst Church Trustees. Report The trustees present the annual report tog8th8T ryth th8 financa81 statements of the tharity for the year end8d 31 December 2023. Ob]ectlves and actlvftles Objocts and alms Purpose The principal wrpose of the Church is the advancement of the Chrfstlan falth accordlng to the principles of the Baptist denomination. The church may also advance educatlon and carry out other charitable purposes in the United tfjngdotn and or other parts of the worfd. In tjlfilling th8 purpos8, th8 church wi51 engage in a range of activities either on 5ts own or with others that wll vary from tim to time with activities being initiated. expanded or clos8d as is appropriat8. The Constttutlon states that the activÉties may include but are not restsict8d to: .Regular public worship, prayer. Bible study, preaching and teoching. .B-ptism, as d8fined in the Baptist Union's D8claration of Principle. -The Communlon of the Lord's Supper which shall normally be observed at least onr% a month. .Ev8ngelism and mission, locally. regionally. nationally and intemationally. .The welcome. teaching, encouragement and inclusion of young people. •Th8 nurtsJr8 and growth of Christian disciples. -Educatlon and tralrFing in Chil Stian and community servi. .The giving artd ancourdgament of pastoral ¢8re. .Supportlng and encouraging charitable soctal action in the Uni18d Kingdom and abroad. •Encouraging rdationships with and supporting other Bapusts and other Christians. Objective4 strategies and activltles In r8spect of our ouireach and seTViCa to Ihe community the following has long been establlshed as a gulde for our varfous adivlties. The church is willing to invest tim8. 8n8rgy and resources to its actsvitses that: .Brlng people to a real knowledge of God's love for thern through public church services and projects that r8ach out into the community. .Provide the necessary religious services for d6d1dtiOns. baptisms. weddings and funerals. .Help all iTrdividuaEs reach their potential through acc8Ptan(x. encouragem8nl and affirmation. .Empow8r p80p18 r8gardlass of age in developing socÈal and dljzenship skills to reduce isolation and ralse self-esteem •Provid8s a saf8 plac8 where a51 havg equal opwrtunlty regardless of ethnicity. .ProdeS appropriate facilities for use by the cAJmmunity of Small H8ath .Improv8 and bring about communlty engagement that leads to clvll renewal and a more cohesive sodety. .Suppots both existing and new PTDiects materially and through encouraging volunt8ers. .Facilitate the general informatton of and education of various groups and the MmUnIty at large. .To support our Gurrent projects overseas. Our Mission to the community at large continues to be- .Yo provide appropriate facilities for the use of the communty Df Small Heath and Birmingham and facilitate and operats projects that Ipad to greater communty engagemen( civil renewal and a moro Cohesive socxety." As a ¢h4irtri our sharpd vision is ."A place where people a honoured and valued. A place where people are released irrto ministy. .°A place where pP1a conne(I with God and aach othgr.. Affiliations Page 2
Small Heath Baptist Church Trustees. Report As 8 member of the Heart of Engtand Baptist Association and The Baptist Union the Church 8ubscrib8S to the UnK)n's Dectaration of Principl8: .Yh8t our Lord and Savffiour Jesus Chri, God manrfest in the flesh. Is the sole arxl absolute authority in atl matters pertaining to faith and practice. ag rev&ded in the Holy Scriptures, arKI that each church has liberty, under the guidance of the Holy Spirlt. to interpi t and administ8r His laws. .That Christian BatyLism is the imme'.sion in water into the name of the Father, the Son and the Holy Spirit of those who have professed repentan towards God and falth in our Lord Jesus Chrrst who 'died for our sins according to the Scriptures" was burled anfl rose again on the third da. .That it is the duty of every dis(¥ple to bear personal wikness to the gosp81 of Jesus Christ and to take part in th8 8vang&lisation of the worl Church Membership Is open to those 0. .AcGept the beliefs of the church. .Commit themselves to serving Christ wlthin the Church 8nd beyond. .Abide by the decisions of the church m8mb8rs m6eting. -A¢knOge their responsibilities as church members. .Have their membership application accepted by the church members meeting. as of inv8Stment by tha church: Pastoral. .The monthty church magazine cx)ntinu8d to be essential in k88ping communication to past and pr8S8nÉ fri8nds. .Home Groups pastor25 (xre ntinued. .The use of So¢i81 Media technology such as FaboOk, Zootn and YouTube for virtual pastoral g8Llerings arxl tim8s of pray8r continu8d throughout the year. Sunday Morning Worshlp and Word. .Sunday moming sICeS continu8d to b8 broadcast live. .Over forty different people led and pwthed during the Sunday s8rvic&8 during the year to when our naw Pastor was appointed. .A big Thank you to the worship t88m, singers. musicians and technicians who help to provide a professional each Sunday Communty and Use of Building. .Community us8 of th8 building cxjniinued during the year. .The Wednesday moming 'Dropin' and 'PlacE of W81cc*n8' continu1 to vRlcome the bcal community for Tea. Coffee. Toast Soup, etc. And provSde food parcels to those who need them. .The 'Crossr08ds Homeless Projecy continu8S to provide soup, sandwiches, bottled water. ilot dr5nks and chocolate biscuit bars. at least Iwo nights of the week in BIninghaM Ctiy Centre. .With help and fiTraTrcial support from THRIVE and th8 Birmingham City Council, th8 church Continued to employ a Community Development Worker part time. Thls work k% considered vitsl in helping to rebuild community a8 the church and its community CA)ntinue to emerge from Covid. The Community Development Worker also continues to explore a number of different ayS in which the over 50's in ag8 may feel less isolated. Contlnulng to help them to engage wtih tsthnology in different ways so in¢reas'ng their ability to communicate and stsy (x)nnected wth family and frignds. A gardening group. a Knit and Natter group and Tea & Tlnternet, continue to thrive. Prayerlministy Team. .The church Prayer Vin8 ministy via text m8ssaggs was regularly used to ask people to pray for a variety of needs. This ntinUed to be the mainstay of prayer activity. .As midweek pastoral home groups meet. prayer was a major focus of them. ChildrenNouth Page 3
Small Heath Baptist Church Trustees. Raport .The church continu8S to work trj Ehe Baptist Union's 'Safe to Gro and "Safa to Belong. guidelines conceming children and young people. Sport5 and Social •The church crfcket team played a small number of games against other lo[ t8ams. .The thurch crtcket team and men's group MOVE me6t for a Curry Evening social. Overseas Work .Th8 chLirch continues to Supp the work of The Baptlst World Mission in general. .The church also supports the °Buttertly Projecf in Uganda which helps local children with their education and wellbeing. Many church tnembers hava aEso continued to sponsor children overseas. Achievomants and parformance Brief review of 2023 2023 was a signifi(xnt year in the1rf8 of th8 church in two ways: 1. 150th Anniversary of Small Heath Baptist Church11873 - 2023) Th8 Church celebrated its 1501h Anniversary of its TrtinU1ng ministy in Small H8ath. with various planned events throughout the year: •March - Cultural Evening .June- Entertalnment Evenlng •July- Servic8 & Prayer M4ing on the Anniversary of the orlglnal decision .July- Anniversary Evening Celebration including food •July- Sp8rial AnnivBrsary Sunday Morning SeNice .Septernber- Celebration Meal at Tally Ho 2.The Appointment of our n8w Pastor After 13 months wlthout a Pastor, In November 2023 th8 Churd) Meeting appointed its 14th Pastcr to Srnall H88th Baptlsi Church. the Rev Owen Urtah. Pastor Owen spent his early rRonths rvsearthing many of the groups that are fijndlonlng in the Church. There were many ministries that were well organised and running well and oth8r ar8as of the church lrfe that n8eded some immediat8 att8ntion. November saw Pastor Owen Cfeate a strategy to 8nable the Churth to review the Govemance of the Church. . raining was put in ptace for the Leadershlp Team to famlllarlse themselves Mnth knowledge on Charfty Stalus, gov&mance and ffinan. Dember saw the r84ntrodu¢tion of the Communlon Table. The Table had not been used due to Covld and Lockdown. With thej Tabl8 back in plac8, th8 congreyation were delighted and blessed with 8 br8ad and wine servad by the Deacons. Page 4
Small Heath Baptist Church Trustees. Report Plans for future perfods Actmtles planned to achlava aims The year started wtth a semrt $8ri8s that focused for three weeks resulting In a sp8cial Consecration SeNice. Members were asked to commit to a enndaY consécration to pray for the Church. In F8bruary will be introduced two new thdy programs. A ten-lveek Discipleship Course to t available in person and online. Also. 8 Blble Study tr) be implemented Én February also available In person and online. Seve1 irKlividu8ls havè r8qU&Sted to be Baptised. There will be a Special Bapttsm and Membership Servlce at oiur Easter Moming Servic&. Pastor C*N8n continuas to pray for guidance and dlrectlon and hope that WE°"US° °TOGEfHER" (zn take Small Heath Baptist Church to th8 next stage wh8r8 God wants us to be, that we as a Churth have..... -MORE UNIW ......"MORE LOVF....."MORE GOD. in 2024. The annual report was approved by the trustees of the char5ty on ..)alog12o.4nd behalf by. signed on its Evette Reid Tnjstee Page 5
Small Heath Baptist Church Statement of Trustees. Responsibilities The ttustees are ponSIble for preparing the trustees. r8POrt and the financial statements in accerdan with the Unite(l Klngdom Accounting Standards (United Kingdorn Generally Accepted Accounting Practic8) and appli(xbl8 law and regulations. Th8 law appli¢2ble to charibes requires the trust88S to prepare financial Statements for @ach financial year which give a true and fair view of tho stata of affalrs of thè chaty and of the incoming resources and application of resources of the chartty for that period. In preparing these financial statements, th8 trustees are required to: select suitable accounting policies and then apply them consist8nty, observe th8 methods arKI principles in the Charities SORP; make judgements and estimates that are reasonable and prudant. state whether applicable accountlng staridards have be8n followed. subject to any material departures disclosed and 8xplain8d in th8 financial statements. and prepare the financi81 statemerts on th8 going concern basis unless it is inappropTiate to presLime that;he charity will conilnue In buslness. Th6 trustees are responsible for keeping proper accounting refX)rds th8t disdose with r8asonab18 accuracy at any time th8 financtal position of the eharity and enable them to ensure that the finan(aal statements comply with the Chartties Act 2011, the applI(ble Charities (Accounts and Reports) Regulalions, and the provisions of th8 constrLution. The trustees are elso responsible for safeguarding the assets of the charlty and hen for taking reasonable steps for th8 pr8V8ntion and detection of fraud and other irregularities. Approved by the tfustees of th8 charity on23lol12o.l¥ and signed on Its behalf by. Evette Field Truste8 Pag8 6
Small Heath Baptist Church Independent Examiner's Report to the trustees of Small Heath Baptist Church I report to the trustees on my 8xamination of the accounts of Small Heath Baptist Church for the year ended 31 December 2023. Responsibilit185 and basls of report As the charity trustaes of Small Heath Baptist Church you are responsible for the pparatIOn of the accounts in accordance with the requir8ments of the Charities Act 2011 {'the Acf ). I report in respect of my examination of the Small Heath Bapst Church's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commlssion undor section 145(5)Ib) of the A¢t. Independent examiner's statement I hav8 completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me caus8 to believe trjat in any material respect: 1. accounting records were not kept in r8spect of Small Heath Baptist Church as requiréd by section 130 of the Act,. or 2. the accounts do not accord with those records" or 3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out In the Charities (Accounts and Reports) Regulattons 2008 other than any requirement that the accounts give a 'true and fair view. which is not a matter considered as part of an independent examination. I have no concems and hav8 come across no other matters in connection with the examination to which attentlon should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Michell8 Vinc8nt ACCA 29 Wood Str88t Stratford-upon-Avon Warwickshir8 CV37 6JG Date:... 2310112D¥.. Page 7
Small Heath Baptist Church Statement of Financial Actsvities for the Year Ended 31 December 2023 Unrestrfctad funds Rostrlcted funds Total 2023 Deslgnatgd General Note Income and Endowmonts from: Donations and18gaci&s Ch&itablè activities Investment income 4,890 14.845 79.564 10,695 79 37,183 121,837 25.340 79 Totsl Income 19.535 90.338 37.183 147,058 Expenditur8 on. CharÈiable activibes 22.772 55,727 38,312) (116.811 Total Expendrture 22.772 55.72 38,312 (116.811) Net {expenditure)fincome Cross transfers between fijnds (3.237) 34,611 (1,129) 30.245 Net movement in funds (3,237} 34.610 (1,128) 30,245 Reconciliation of funds Total ftjnds brought fotward 60,832 23.252 6.988 91.072 Total funds carried forward 15 51.595 57.862 5.860 121.317 Unrestricted funds Restrlctsd funds Total 2022 Designatsd Genetal Nots Income and Endowments from: Donations and legacies Charitable activities Investrnent income 2,000 3,895 85,880 8.899 29,304 435 117.184 13,229 Total Income 5,895 94.785 29,739 130,419 Expendiknr8 on: ChariLabl8 actiV5tÉ8S 89219) 89219 {24,569) (120.906 Total Expenditure 7,118 {24,569} (120,906) Net {penditUre)[lncome Gross transfers between funds (1,223) 5.566 5.170 9,513 28,577 (20.655) (7,922) Other reGognised gains and losses Actuarial gains on defined beneftt pension schemes 25.398 25,398 Page 8
Small Heath Baptist Church Statement of Financial Activities for the Yoar Ended 31 December 2023 Unrestrictsd funds Restricted funds Total 2022 Deslgnat General Net movement in funds 27,354 10.309 (2,752) 34.911 Reconciliation of fiinds Totsl funds brought fowdrd Total funds carried forward 33.478 12,943 9,740 6.988 56.161 15 60,832 23.252 91,072 All of the charitys a¢tivittes derive from conb'nuing operatlons during the above periods. The funds breakdown for 20221s shown in not8 15. Pag8 9
Small Heath Baptist cb.urch (Registration number: 1136199) Balance Sheet as at 31 December 2023 2023 2022 Note Fixed assets Tangible assets Current assets Debtors Cash at bank and tn hand 10 146,242 150.871 11 13,333 28.094 41,427 11.253 6,745 17,998 Croditors: Amounts falllng due within one year Not currant assots 12 9.442) 14,607 31.9 3.391 Total assets1888 current liabilities 178,227 154,262 Creditors: Amounts falllng due after mre than one year Net a8sets excluding pension Ilablllty Pension scheme liability Net assets including pen5Kon liability Funds of the eharity". Restricted funds 13 (56,854) 63,122 121.373 91.140 14 (68) 91,072 121.317 5.860 6.988 Unrestrlcted income funds Unrestricted funds 115.457 84,0&4 Totsl funds 15 121.317 91,072 The finanaal statements on pages 8 to 24 were approved by the trustees, and authorÈsed for issue on 24coJ2G2* and signed on their b8half by. Evette Rekl TNst8& Page 10
Small Heath Baptist Church Notes to the Financial Statements forthe Year Ended 31 December2023 1 Accountlng pollcles Statement of compliance The financial statements hav8 b88n prepared in accordance wth the second edition of the Charities Statement of Recommended Practice issuéd in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Irelané (FRS 102) and the Chartties Act 2011. Basis of preparatlon Small Heath Baptist Church meets the definition of a publlc beneftt entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention wth items racognisad at Cost or transaction value unless otherwise stated in the relevant note(s) to thesé accounts. Golng concern The trustees consider that there are no material uncertainties about th8 charitys ability to continue as a going wncern. Income and endowments Voluntary income inGluding donations, gffts, legacles and grants that provide core funding or are of a g8n8ral nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability. Donatlons and legacies Donations and legacies are recognised on a receivable basis wh8n receipt is probable and the amount can be liablY measured. Grants receivable Grants are recognised when the charity has an enttt]ement to the funds and any conditions linked to th8 grants have been met. Where perft)rmance conditions are attached to th8 grant and are yet to be mat, the income is recognised as a liabilty and Included on the balanc8 sheet as deferred income to be released. Investment income Dividends are recognised once the dividend has been dedared and notification has been received of the dividend due. Page11
Small Heath Baptlst Church Notes to th8 Financial Statements for the Year Ended 31 December 2023 Exp8ndltur8 AEI expenditure ts recogntS8d once there is a legal or constrncive obligation to that expenditure. it is probablé setdomt is required and the amount can be measured reliaw. All costs are allocated to the applicable expendtture heading that aggregate simitar costs to that tagory. Where cr)sts (2nnot be directly attributed to particular headlngs they have been allo(xt8d on a basis consistgnt wtth the U88 of r8sour(x, with central staff costs allocated on the basis of tlme spent, and depreciation charges allocated on the portion of the asset's use. Other support Costs are alloc£t8d bas8d on the spread of staff costs. Ch8rltsblo actlyitios Charitable expendltur8 comprisas thosé ctssts incurrad by the charÉty in the delivery of Its athlties and seNIS for its benefiaaries. It includes both costs that can be allocatsd dir• to such activities and th088 costs of an indireGt nature necessary to 5UPk them. Govemance ¢osts These Indude the costs attributable to the ch8ritrfs wmpli8nce with wnstitutional and statutory requirements. induding audtt. strategic management and trustees's meetings and reimbutsed expenses. Taxation The charity is consid8r8d to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore ti meets the definition of a charitable company for UK corporation tax puixises. Accordingly, Iha tt4arity is potentialty exempt from tsx2tion in spect of income or (xpttal gains received within categori8s covered by Chapter 3 Part 11 of thè Corporation Tax Act 2010 or Sedon 256 of the Taxation of Chargeable Galns Act 1992, to the Xtent that such in(x)me or gains ar8 aptdied exdusivety to charttable purp088S. Tanglble fixed assets Indlvldual fixed assets costlng £1000 or more are initially recorded at cost. less any subs4uent 8ccumulated depr8ciatÈon and subsequent accumulated impalmwtt losses. Depreciation and amortlsatlon DEpreGiation is provided on tsnglble fixed assets so as to write off the cost or valuation. 18ss any estimated residual value, over their exp8Ct8d useful e¢xinomic life as folloNvs: Asset class Fixture & FtttÈngs Freehold Property Depreciatlon m•thod and rate 20Yo Straight line 2% Straight line Trade debtors are amounts due from customers for merchandise sold or servtces perfomed in the ordinary course of business. a recognised initialty at the traralOn price. They are subsequently mgasured at amortisad cost using the effective ir]terest method. less provisÈon for impalrmonL A proiision lor the impairment of is established whe? there is objective eiden that the will rt be abte to l18Ct all amounts due according to the oiiginal temis of the receivables. Page 12
Small Heath Baptist Church Notes to the Financial Ststernents for the Year Ended 31 December 2023 (continued) Cash and cash èqulvalents Cash and cash equivalents comprise cash on hand and call depostts, and other short-term highly liquid investments that are readily convertible to a known amount of cash and ar6 subject to an insigr)Ificant risk of change in value. Trade cradltors are obligations to pay for goods or services that have been acquired in the ordinary coursé of business from suppliers. Accounts payable are classified as current liabilÈtl8s if tha does not have an unconditional right. 8t the end of the reporting period. to defer sett18m8nt of th8 creditor for at least twelve months after trie reporting date. If there is an uncondttsonal right to d8fer s8tt1ement for at least IJArelve months after the reporting date. they are present8d Ès non-current liabilities. are recognised initially at the transaction price and subsequently measur8d at amortised cost using the effecfive interest method. Borrowlngs Int8r8St-b8aring borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carrt8d at amortlS8d cost, with the difference between the proceeds, net of transaction costs. and the amount du8 on r8d8mption being recognised as a charge to the Statement of Financial Activities over the period of th8 r&18vant borrowing. Interest expense is recognised on the basis of the effective inter8St m8thod and is included in interest payable and similar Gharges. Borrcwings are classified as current liabilities unless the chartty has an unconditional right to defer settlement of the liability for at least bmelve months after the r8POrting date. Fund structure Unrestricted income funds are general funds Éhat are availab18 for usa at the trustees discretion in furtherance of the objectives cf the charÉty. Designated funds are unrestricted funds set aside for specrfic purposes at the discretion of the trust88S. Restricted income funds are those donated for use In a particular area or for spectfic purp088S, the use of which is restricted to that area or purpose. Pensions and other post retirement obligations The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are pald into a pension fund and the charity has no legal or constructiv8 obligation to pay further contrtbutions even rf the fund does not hold sufficient assets to pay all employees the benefrts relating to employee service in the current and prior periods. Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the Contribution due for service. the eXsS is recognised as a prepayment. Page 13
Small Haath Baptist Church Notes to the Financial Statements for the Year Ended 31 December 2023 2 Incomo from donatlons and l•gaetes Unrestricted funds Restrlctod funds Total 2023 Total 2022 Deslgnated General Donations and Donations from individuals Legacies 4,890 66,518 8.879 80.287 75,442 2,000 reclaimed Grants, indudltpg pital grants. Grants from other Gharities 13,046 1.548 14.592 15,621 26,758 37,183 26.758 24,121 4.890 79.564 121.637 117.184 3 Income from charjtable a¢tMtles Unrestrf¢ted funds Tolaj 2023 Total 2022 Dignated Ggnoral Fees Hire of facilities 2.050 12,595 14.645 1.929 8,766 3,979 21.361 5.424 7.805 10,695 25,340 13.229 4 Expenditure on ¢harltable activities Unrestricted funds Restrfcted funds Total 2023 Total 2022 Deslgnated General Salaries Church running ojsts Ministry expenses Propety C4)sts- Manse Depreciation - Manse Mortgage interest - Manse loan 25,833 20.192 46,025 63.879 1,686 10,334 16.504 4,650 2.141 4,901 20,331 19,885 19,705 8,112 1,365 1.365 3,611 3,352 3.352 3,359 4.7?8 4.758 3.185 Page 14
Small Heath Baptist Church Notes to the Flnancial Statéments for the Year Ended 31 December 2023 Unrestricted lunds Restricted funds Total 2023 Total 2022 Doslgnatod G•n•ral Office costs Church ftreS - depreciation Churd) outreach Finan costs Subscriptions Indapdndent Examiners fees Interest of pension 2,790 1,950 4.740 7,753 1,277 1,277 5,008 103 3,018 2,625 75 1,850 9,128 11.753 75 1,400 1,400 1,400 495 22.772 55,727 38.312 116,811 120,905 5 Analysis of governanc8 and 8UPPOrt Costs Governance costs Unrestricted funds Total 2023 Total 2022 General Independent examlner fees Examlnatlon of the financial statements 1,400 1.400 1,400 1,400 1AOO 1.400 6 Trustees rnmuneratton and exp8ns8S Durlng the year the charity made the following transactions with 1Tustses: PhilIP Price Philip pri retsived remun8rakn.on of £6.359 (2022: £5,410) during the year. May Gre8n May Green received remuneratron of £19,279 (2022: £17.679) duting th8 yEar. Costs o* £ 1,472 were reimbursed to 6 Trust during the year for maint8nance and running costs (2022 . £1,072 to 3 Trustees) Donations made by the trustees wlthout any condÈtions attached totslled £18,013 for the year (2022 - £18.483). 7 Staff costs The aggregate PayToII costs were as follows: Page 15
Small Heath Baptist Church Notes to the Finaficial Statements for th8 Year Ended 31 December 2023 2023 2022 Staff costs during tho yaar were: WaaS and salaries Pension costs Other staff Costs 44.480 1,545 58.685 4,597 597 46.025 63,879 The monthly average number of persons (including senior management team) employed by the charity during the year expres*d as full time 1valents Was as follows: 2023 No 2022 Average ernOYees Contrfbutions to the employee peF]sion schetrEes for tha y88r totalled £1.545 (2022- £4.597). No employee wved emoluments cf more than £60,000 during the year 8 Independent examlner's remuneration 2023 2022 Examlnation of the financial ststements 1,400 1,400 Page 16
Small Heath Baptist Church Notes to the Financial Statements for the Year Ended 31 Decembér 2023 g Taxatlon Tre charity is a registered charity and is therefora exempt from t8xatlon. 10 Tanglble fixed assets Manso Church Property Improvements Church Alann Totsl Cost At l January 2023 At 31 D8C8mb8r 2023 167.590 691.352 8,387 865.329 167,590 691,352 S,387 865,329 Depreciation At 1 January 20YJ Charge for the year At 31 December 2023 21.829 3.352 691,352 1,277 714.458 4.629 25,181 691.352 2.554 719,087 Net book value At 31 D8C8mb8r 2023 142.409 3.833 146.242 At 31 D8c8mbar 2022 145,761 5.110 150,871 Th8 Land th8 Church building and 14-16 Jenklns Street are built on is owned by Canon Street Twst and is gIStered wtth HEBA. The buildings built on that land belong to the Charity. Page 17
Small H8ath Baptist Church Notes to the Financial Statements for th8 Year Ended 31 December 2023 11 Debtors 2023 2022 Trade debtors Prepayrnents 7,227 6.106 4.492 6.761 13,333 11,253 12 Creditors: amounts falllng due wlthln one year 2023 2022 Bank toar Trdde creditors Other texation and social security Other cr8dttors cruals 6,095 31 5.559 2.664 2,401 1,977 2.006 14.607 226 1.582 9.442 13 Creditors: amounts falling du8 aftar one year 2023 2022 Bank loans 63.122 The mortgage loan was suppli8d by the Bapttst Union CorporatÈon Limited ¥or completion of th8 Manse for£115,500 on 16 May 2016. The loan 18 repayable over fifteen yEar perfod and interest is tharged at vatiable rat8 accordlng to the Bank of EnglatKI base rate per annutn. 14 Pension and other schemes Defined contribution ponsion schome The tharity op8rat8s a defined contribution pension scheme. The p8nsion cost charg8 fDr the year represents contrtbutions p8yabl8 by ihe charity lo the scheme and amounTed to £1.545 (2022 - £4.597). Defined benefit P8n8ion schemas This is The Churth is an empk)yer participatlng in a pension scheme known as the Baptist Pension Stheme 1.the Scheme°}. whith is administered by the Pension Trustee (Baptist PerTsion Trust LiTr,itedl. The Scheme is a separate legal entity and the assets of the Scheme are held $8parately from those of th8 Employer and the other partlcipating employe[5. Page 18
Small Heath Baptist Church Notes to the Flnaneial Statements for the Year Ended 31 December 2023 Multl4mploy8r plans The Scheme 1$ consldered to be a mu!ti4mployer scheme as debed in Sectlon 28 of FRS 102. Thls is because it is not possible to attribute the Scheme's assets and liabilities to speaftc emplD5ers and means that corrtributions are 8¢coiinted for as rf the Scheme were a defined contributton scheme. Th8 pensions (xists th8rged to tha SOFA in the year ar8 contributions payable towards beneffts and expenses accrued in that year, plu5 any impact of deficiency contributions (see below). The Minister and sorne members of the church staff are eligible to join the Sch8m8. From January 2012. pension provision is being made through the Defined Conffibutlon (DC) Plan within the Scheme. In general, members pay 8Vo of their PensionabE8 Income and employers pay 6Vo of members, Pensionable Income into indivhlual penslon accounts, 1¢h are operat8d and manag8d on behalf of the Pension Trustee by Legal and Geral Life Assuran Society Ltmrted. In additton. the employer pays a fvrthar 4% of Pensionable Inwme to Cover Death In Servits Benefits, adrmiriiSttBtion costs. and an associated insurance policy which provid88 incom8 pfoLection for Schem8 m8mb8rs tn th8 event that they are unable to work due to long4enn int2pa(aty. This income prot8ction policy has been Insure(] by the Baptist Union of Great Britain with Unum Limit8d. M8mb8r3 of The B88ic S8Ction pay lUc@d contrlbutions of 5Yo of P&islonable Income, aTKI their employers also pay a total of 5°A. The further 4% (xjnlribution rate is reduc8d tc 3% for Employer contributions made kn the Segregated DC Arrangement. Beneffts in respect of service prior to 1 January 2012 are prcrrfided through the Defined Benefit (DB) Plan withln the Soleme. During 2022 an agTreFnent was put in plac8 With an insurance company to secure DB plan m8mb8rs p8nsion bgnefits. As a result, there is no longer a shortfall in the scheme and deflclt contiibutiorts have redL.( to £1 per month from August 2022. Hence the deficit liability Is substantially reduced. Page 19
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Small Heath Baptist Church Notes to the Flnancial Statements forthe Year Ended 31 December 2023 (continued) 16 Analy$l$ of net assets between funds Total funds at31 December 2023 Unrestrlcted funds General Restricted funds Tangibl8 fixed assets Current assets Current liabilities Credit0ry6 over l year Pension sch8m8 liability Total net assets 146,242 35,568 (9,442) {56,854) 56 146,242 41,427 {9,442) {56,854) (56 121,317 5,859 115,458 5.859 17 Related party transactlons There were no related paty transactions in the y8ar. 18 Controlling interest & related charftles The Charity is controlled by the Trust88S. The custodian Trustee of the church is th8 Baptist Union Corporation Limited which is charity number 249635. and which is conlrolled by th8 Baptist Union Council. The church is also a member of the Baptist Union of Great Britain. and th8 {stat8) Baptist Association. The church is in reIpt of a loan from the Baptist Building Fund as s8t out in the notes to the financial statements. Page 24