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← Muswell Hill Baptist Church

2024-03-31-accounts

Muswell Hill Baptist Church

Report and Accounts Year ended 31st March 2024

1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk

MUSWELL HILL BAPTIST CHURCH

LEGAL & ADMINISTRATIVE DETAILS

FOR THE YEAR ENDED 31 MARCH 2024

ADDRESS FOR CORRESPONDENCE ADDRESS FOR CORRESPONDENCE Dukes Avenue
Muswell Hill
London
N10 2PT
GOVERNING DOCUMENT Constitution adopted 15th July 2009
CHARITY REGISTRATION NUMBER 1136971
TRUSTEES RESPONSIBLE FOR
MANAGING THE CHARITY The Reverend Alexander John Roberts (resigned 31/07/2024)
David Slater
Rosemary Pettman (Church Secretary from 30/11/2023)
Jonathan Ashley-Norman
John Grant (resigned 30/11/2023)
Lynda Roderique (appointed 01/12/2023)
CUSTODIAN TRUSTEES London Baptist Property Board Ltd.
BANKERS Barclays Bank plc
COIF Charities Deposit Fund
National Savings and Investments
London Baptist Property Bond
INDEPENDENT EXAMINER Lisa Darby FCA
Stewardship
1 Lamb's Passage
LONDON
EC1Y 8AB
INDEX
Page 1 Legal & Administrative Details
Pages 2 - 4 Trustees' Report
Page 5 Independent Examiner's Report
Page 6 Receipts and Payments Account
Page 7 Statement of Assets & Liabilities
Pages 8 - 9 Notes to the Accounts

Page 1

MUSWELL HILL BAPTIST CHURCH

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2024

The Trustees have pleasure in submitting the Report and Accounts for the year ended 31 March 2024

Objects of the charity

The charity, which is a church, is governed by a constitution. The principal purpose of the Church is the advancement of the Christian faith according to the principles of the Baptist denomination. The Church may also advance education and carry out other charitable purposes in the United Kingdom and/or other parts of the world.

Vision

In order to achieve our Purpose more effectively the Church continued its vision focused on inviting This is encapsulated in the strap line Inviting a Great City to a Great Saviour .

Aims

We will seek to develop:

Values

Summary of the charity's main activities and achievements

To further the above objects and vision, the Church engages in a range of activities, either on its own or with others, that vary from time to time with activities being initiated, expanded, or closed, as appropriate.

The Activities may include but are not restricted to:

Page 2

Invitational People

We were delighted to be able to invite people to events as the pandemic moved into the background. People were encouraged to use invitations to bring people to various events in our programme. Large numbers now attend our Carers and Toddlers weekly event and our monthly Fellowship Lunches with a devotional meeting (aimed at older people). We distributed hundreds of invitations to our key Sunday – Easter, Harvest and Christmas. Collectively we welcomed again school events which led to the Chapel being full several times over the Christmas and end-of-school year periods with hundreds of local families in total.

The church continued to support members and friends working in Christian ministries of various kinds in Europe, Africa and among Turkish and East Asian peoples in the United Kingdom. One of our members is a Full-Time Free Church Chaplain in the British Army. Another works in a nearby Church teaching English to refugees and asylum seekers.

Invitational Programmes

We held a well-attended Quiz Night, Men’s Curry Nights and Summer Picnics and walks arranged. A new venture was a visit to The National Gallery with an excellent Guide, Ken Brownell, from Christian Heritage London.

The Muswell Hill Soup Kitchen under its Director our member Martin Stone continued to develop the use of the van (generously donated by the community in 2020). For some these deliveries of hot meals are their only outside contact apart from medical visits. The Soup Kitchen meets two days a week on our premises too.

The Church’s online presence continued to offer access to our ministry for people who cannot attend the buildings and was accessed both locally and from much farther afield.

Invitational Premises

We opened our premises as part of the Open House Festival event in London, enabling people to access the building without coming to an event or worship service. This was highly successful and much appreciated.

The Premises underwent a major internal painting during the summer, which also incluses plasterwork repair.

Gospel Outreach Ministry [GOM] (an offshoot of the New Testament Church of God of Prophecy) continued to meet at our premises.

Invitational Partnerships

People were invited to fill Christmas Shoeboxes for the Samaritan’s Purse charity project Operation Christmas Child. We operated as a Collection Centre for our part of North London. Nationally and across London our partnerships with the Evangelical Alliance, the London Baptist Association and the Baptist Union of Great Britain helped to resource another year.

We continued to host the popular Rainbow Preschool and the Fortis Green Kids Club (afterschool provision) plus the concerts for local schools. These raise the profile of our Church in the Community.

In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.

Financial review

The Trustees were able to navigate the sudden standing down (due to external factors) of John Grant as Secretary and Treasurer and administrate the Charity throughout.

During the year income decreased by £3,438 to £201,449, and expenditure increased by £61,344, to £221,276. As a result the cash held by the charity decreased by £19,826 to £250,924, of which £243,020 is unrestricted and can be used for any charitable purpose.

Page 3

Reserves policy

The trustees have determined that the charity should aim to hold unrestricted cash of no less than £80,000 (which equates to about 5 months' of unrestricted expenditure) so that the charity could continue to operate should income and / or expenditure vary adversely. At the year end, the charity held unrestricted cash of £243,020 and the charity is complying with its reserves policy.

Governance

Responsibility for setting policy and for making operating decisions rest with the trustees who meet regularly to monitor the activities of the charity. New trustees are recruited and appointed by nomination by church members.

Responsibilities of trustees

Charity law requires us as Trustees to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year.

We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011.

We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.

Approval

This report was approved by the trustees and signed on their behalf by:

R E Pettman

R E Pettman (Jan 27, 2025 09:23 GMT)

_____ Rosemary Pettman Jan 27, 2025 Date:___

Page 4

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

MUSWELL HILL BAPTIST CHURCH

I report to the trustees on my examination of the accounts of Muswell Hill Baptist Church ('the charity') for the year ended 31 March 2024 on pages 6 to 9 following.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).

I report in respect of my examination of the charity’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 Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in accordance with section 130 of the 2011 Act; or

  2. the accounts do not accord with the accounting records.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Lisa Darby Lisa Darby (Jan 27, 2025 10:22 GMT)

Lisa Darby FCA Stewardship 1 Lamb's Passage LONDON EC1Y 8AB

Date: Jan 27, 2025

Page 5

MUSWELL HILL BAPTIST CHURCH

RECEIPTS AND PAYMENTS ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted Funds
General Designated Restricted
Funds Funds Funds 2024 2023
Notes £ £ £ £ £
Income receipts
Donations and legacies 60,933 - 13,105 74,038
 83,417
Gift aid receipts 9,863 - 1,439 11,302
 10,138
Income from letting of facilities 104,141 - - 104,141
 82,961
Income from Charitable Activities 253 - - 253
 23,837
Bank Interest 11,715 - - 11,715
 4,534
Total receipts 186,906 - 14,544 201,449
 204,887
Payments
Payments
in
relation
to
activities undertaken directly		 charitable 2 182,940 - 25,762 208,702 147,614
Grants
paid
in
relation
to
activities undertaken by others		 charitable 3 11,824 - 750 12,574 12,318
Total payments 194,763 - 26,512 221,276 159,932
Net of receipts / (payments) before (7,858) - (11,969) (19,826) 44,955
Transfers between funds 5 (18,224)
 -
 18,224 - -
Net movement in funds (26,082)
 -
 6,255 (19,826) 44,955
Cash funds as at last year end 269,102
 -
 1,648 270,750
 225,795
Cash funds at this year end A 243,020
 -
 7,904 250,924
 270,750

The notes on pages 8 - 9 form part of these accounts.

Page 6

MUSWELL HILL BAPTIST CHURCH

STATEMENT OF ASSETS AND LIABILITIES

FOR THE YEAR ENDED 31 MARCH 2024

Notes
A Cash funds
Cash at bank with immediate access
Deposit accounts
B
Other monetary assets
Gift aid due to charity
Other debtors
C
Liabilities
Falling due within one year
Fee for Independent Examination
Accrued expenses
Total		 General
Designated
funds
funds
£
£
16,012
-
227,008
-
243,020
-
4,546
-
8,210
-
12,756
-
1,920
-
6,020
-
7,940
-
7,940
-
Unrestricted Funds		 Restricted
funds
£
7,904
-
7,904
-
-
-
-
-
-
-		 2024
£
23,915
227,008
250,924
4,546
8,210
12,756
1,920
6,020
7,940
7,940		 2023
£
15,426
255,324
270,750
4,959
-
4,959
750

-
750
750

D Assets retained for charity's own use

Church Buildings, Dukes Ave., London N10 2PT
2 Dukes Ave (currently 3 flats)
Manse at 71 Grasmere Road
Contents of church (including organ)		 Fund to
which asset
belongs		 Cost
£
-
-
-
-
-		 Insurance
value
£
241,877
8,695,000
8,936,877

The trustees have used insurance values from November 2024 as the trustees are unable to reliably estimate current values; insurance values may differ materially from current values.

The accounts were approved by the trustees and signed on their behalf by:

R E Pettman

R E Pettman (Jan 27, 2025 09:23 GMT) _____Rosemary Pettman Jan 27, 2025 Date:_____

The notes on pages 8 - 9 form part of these accounts.

Page 7

MUSWELL HILL BAPTIST CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

The accounts have been prepared on a receipts and payments basis and comprise a statement that shows the charity's receipts and payments, a statement that summarises the charity's assets and liabilities and related notes. The accountancy profession have determined that only accounts prepared in accordance with applicable accounting standards present a 'true and fair' view and, as these receipts and payments accounts have not (and cannot) be prepared in accordance with accounting standards, these accounts do not present (and are not intended to present) a 'true and fair' view of the charity's financial activities and state of affairs.

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.

2
Payments in relation to charitable activities undertaken directly
Employment costs (see note 4)
Ministry expenses
Maintenance of buildings & equipment
Utilities
Insurance
Accountancy and Independent examination
Office costs
Subscriptions
Bank Charges
Other costs (prior year operational costs)
3
Grants paid in relation to charitable activities undertaken by others
Grants for:
Winchester Vineyard
UK Mission
Baptist Union Home Mission
UK Mission
OMF International
Overseas Mission
Other small grants to organisations <£1,000		 Unrestrict Designated
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-

-
ed Funds		 Restricted
Funds
£
-
25,762
-

-
-
-
-
-

-
-
25,762
-
-
-
750
750		 Total
2024
£
40,047
30,419

104,103
19,917
5,810
5,108
1,524

1,547
227
-
208,702
3,621

3,621
2,655

2,676
12,574		 Total
2023
£
38,941

8,728

59,246
-
-
-

8,683

-
-
32,016
147,614
4,106
4,106

4,106
-
12,318

4 Transactions with related parties

Rev. Alexander John Roberts served as church leader and was paid £34,200 salary and pension contributions of £5,835 (2023: £31,848 salary and £4,635 pension contributions) for serving in that capacity, not for serving as a trustee; these payments are permitted by the charity's governing document.

In addition the charity incurred expenditure totalling £7,216 (2023: £6,718) in respect of the provision of accommodation (which is customary for ministers) to Rev. Alexander John Roberts, who is a trustee so that they could better perform their duties.

Kangas Creative a business owned by trustee Dave Slater was paid £7,000 towards the costs of a new sound system installation for the Sanctuary and other parts of the church building. This work was completed in October 2024.

Page 8

MUSWELL HILL BAPTIST CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

5 Movement of funds

vement of funds
General funds
Tuesday Fellowship
Soup Kitchen and van ministry
Junior Church
DOT
Other
Total funds		 Opening
balance
£
269,102
2,457
(3,213)
856
1,407
140
1,648
270,750		 Receipts
£
186,906
494
11,625
-
1,700
725
14,544
201,449		 Payments
£
(194,763)
(674)
(24,637)
0
(452)
(750)
(26,512)
(221,276)		 Transfers
£
(18,224)
2,000
16,224
-
-
-
18,224
-		 Closing
balance
£
243,020
4,277
-
856
2,655
115
7,904
250,924

During the year, the trustees identifed that £2,000 from a prior year legacy was restricted for use for the Tuesday Fellowship group. A transfer has been made from the General Fund to the restricted Tuesday Fellowship Fund to reflect this in 2023/2024.

During the year the General Fund transferred £16,224 funds to the Soup Kitchen and van ministry fund to cover expenses incurred. The Tuesday Fellowship Fund is restricted for use by the Tuesday Fellowship group

The Soup Kitchen and Van Ministry Fund is for our Community Kitchen free meals ministry The Junior Church Fund is restricted for Children’s work

The DOT Fund is restricted for the Toddler Group Ministry

The Other Fund is for small amounts of restricted funds received for specific items

Page 9

Muswell Hill Baptist Church 2024 Accounts - FINAL FOR SIGNING

Final Audit Report

2025-01-27

Created: 2025-01-20 By: Claire Lee (claire.lee@stewardship.org.uk) Status: Signed Transaction ID: CBJCHBCAABAAvG9WTy0zcMXsvTI9cpDCCRpfE8t7YxYh

"Muswell Hill Baptist Church 2024 Accounts - FINAL FOR SIGNI NG" History

2025-01-20 - 13:07:07 GMT

2025-01-20 - 13:09:20 GMT

2025-01-24 - 09:11:51 GMT

2025-01-27 - 09:23:32 GMT

Signature Date: 2025-01-27 - 09:23:34 GMT - Time Source: server

2025-01-27 - 09:23:36 GMT

2025-01-27 - 10:21:54 GMT

Signature Date: 2025-01-27 - 10:22:30 GMT - Time Source: server

Agreement completed.

2025-01-27 - 10:22:30 GMT