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2021-12-31-accounts

BOSCOM BE BAPTIST CHURCH

Charity No. 1138015

Trustees' Report and Unaudited Accounts

31 December 2021

BOSCOM BE BAPTIST CHURCH Contents

Pages
Trustees' Annual Report 2 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Statement of Cash flows 16
Notes to the Accounts 8 to 15
Detailed Statement of Financial Activities 17 to 19

Page 1

BOSCOM BE BAPTIST CHURCH Trustees Annual Report

The trustees present their report with the unaudited financial statements of the charity for the year ended 31 December 2021.

REFERENCE AND ADM INISTRATIVE DETAILS

Charity No. 1138015

Principal Office

26 Palmerston Road Boscombe Bournemouth Dorset BH1 4HS

Trustees

The following trustees served during the year:

D.P. Chirnside C.M . Ellis H.E. Humby D.S. Kiteley

Trustees holding title to charity property

The Baptist Union Corp Ltd

Accountants

Bicknell Business Advisers Limited

40 Broadway Lane Bournemouth BH8 0AA

Bankers

HSBC 15 High Street Christchurch BH23 1AF

OBJECTIVES AND ACTIVITIES

Boscombe Baptist Church is evangelical and accepts the Holy Bible as its sole authority. It exists for the worship of Almighty God and to advance the Gospel of Jesus Christ in whatever way it can in accordance with the principles of the Baptist denomination within Boscombe, the wider area of BCP and elsewhere.

The Trustees confirm that they have referred to the Charity Commission's guidance on public benefit, in particular the specific guidance to charities for the advancement of religion, when reviewing the charity's aims and objectives and in planning future activities. All are welcome to attend the services and activities at the church; our membership comprising people from various ethnic and social backgrounds.

Page 2

BOSCOM BE BAPTIST CHURCH

Trustees Annual Report

Boscombe Baptist Church is an Evangelical Christian community located in BCP local authority. The increasing multi-cultural diversity of the area is represented in some of the Church M embership and in the congregation. 2021 has been a year where regular activities have been curtailed, with a period when the church was shut for public worship. (January 2021 to Palm Sunday 28th M arch)

Daniel Chirnside has continued as M inister of the church, with administration being carried out by Helen Humby as required. A paid cleaner was appointed to clean the building weekly.

During 2021 various maintenance work was carried out including a roof repair and upgrade to the sound system

Gas and Electricity supplies are checked by external assessors and comply with UK regulations. Fire and Third-Party Insurance are maintained to the appropriate levels. Roof leak addressed

ACHIEVEM ENTS AND PERFORM ANCE

Having only been open for 9 months this year, the work has been slow to restart but has nevertheless progressed.

Weekly services continued on line using medium of You Tube until M arch 2021

Children’s ministry restarted April. After church refreshments restarted in August.

Prayer meetings continued using Zoom and in person meetings once a month

Rentals were significantly increased to support groups including AA, Slimming world and GA (Gamblers Anon) Two thanksgiving/ funerals were held

2 Baptisms were performed.

Sound system upgraded.

FINANCIAL REVIEW

It is the policy of the Charity Trustees to maintain unrestricted funds, which are free reserves of the Church, at a level which takes into account variable general giving, future repair needs of the Church building and M anse, and the need to support our staff team. The Leadership Team estimate that this should be 6 months of expenditure and will seek to keep this level of funds available at all times.

The Leadership Team has powers to invest surplus Church funds at their absolute discretion. Their current policy is to invest surplus funds in 3 Baptist Union high interest accounts

The Baptist Union Corporation Ltd hold the Church, land and buildings, at the Church address shown above, in trust on behalf of the M embers of the Boscombe Baptist Church as determined by the Trust Deed dated 28th M arch 1941.

A conservative estimate of the market value at the end of 2021 of the land and buildings of the Church and the M anse would be £500,000 and £400,000 respectively.

PLANS FOR FUTURE PERIODS

As Boscombe Baptist Church continue post lock down, the hope is that services will be able to continue in person and that midweek groups will imminently resume, whilst some of the online groups remain.

STRUCTURE, GOVERNANCE AND M ANAGEM ENT

Boscombe Baptist Church was registered as a charity on 15th September 2010. The registered charity number is 1138015

Page 3

BOSCOM BE BAPTIST CHURCH

Trustees Annual Report

New Trustees are appointed by the Church M embers meeting and usually at the AGM . M embers meetings take place not less than four times a year and have responsibility for the overall policy of the Church. In accordance with the Constitution, the members appoint up to twelve trustees who together with the M inister, Church Secretary and Treasurer are collectively known as the Leadership Team. The Leadership Team is responsible for the day to day running of the Church’s work and witness and the financial and legal aspects of the charity. Relevant matters may be submitted to the Church M eeting by the Leadership Team for guidance and approval or may be submitted to the Leadership Team for consideration at the next members’ meeting. Boscombe Baptist Church was registered with the Charity Commission on 15th September 2010 as Charity number 1138015. In November 2012 the Church was formally accepted into the Baptist Union which provides greater support for the church in terms of resource and experience.

Statement of trustees' responsibilities in relation to the financial statements

The charity trustees 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).

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 financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees 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.

Signed on behalf of the charity's trustees

~~Type text here~~

D.P. Chirnside Trustee 30 August 2022

Page 4

BOSCOM BE BAPTIST CHURCH

Independent Examiners Report

Independent Examiner's Report to the trustees of BOSCOM BE BAPTIST CHURCH

I report to the trustees on my examination of the financial statements of BOSCOM BE BAPTIST CHURCH for the year ended 31 December 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011('the Act'). The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed.

I report in respect of my examination of the charity's financial statements 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 Act.

Independent examiner's statement

I have completed my examination. I can 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:

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

Steve Bicknell FCM A

Fellow of the Chartered Institute of M anagement Accountants

Bicknell Business Advisers Limited

40 Broadway Lane Bournemouth

BH8 0AA 30 August 2022

Page 5

BOSCOM BE BAPTIST CHURCH

Statement of Financial Activities

for the year ended 31 December 2021

Unrestricted Restricted
funds funds Total funds Total funds
2021 2021 2021 2020
Notes £ £ £ £
Income and endowments
from:
Donations and legacies 2 27,991 - 27,991 31,753
Charitable activities 3 0 3,350 3,350 1,331
Other trading activities 4 15,115 - 15,115 5,527
Investments 5 749 - 749 989
Other 6 - - - 135
Total 43,855 3,350 47,205 39,735
Expenditure on:
Raising funds 7 1,707 - 1,707 931
Charitable activities 8 1,199 1,967 3,166 3,163
Other 10 55,560 - 55,560 54,543
Total 58,466 1,967 60,433 58,637
Net gains on investments - - - -
Net expenditure (14,611) 1,383 (13,228) (18,902)
Transfers between funds - - - -
Net expenditure before other
gains/ (losses)		 (14,611) 1,383 (13,228) (18,902)
Other gains and losses
Net movement in funds (14,611) 1,383 (13,228) (18,902)
Reconciliation of funds:
Total funds brought forward 121,942 1,202 123,144 142,046
Total funds carried forward 107,331 2,585 109,916 123,144

Page 6

BOSCOM BE BAPTIST CHURCH

Balance Sheet

at 31 December 2021

Charity No. 1138015 2021 2020
£ £
Current assets
Cash at bank and in hand 109,916 123,144
109,916 123,144
Net current assets 109,916 123,144
Total assets less current liabilities 109,916 123,144
Net assets excluding pension asset or liability 109,916 123,144
Total net assets 109,916 123,144
The funds of the charity
Restricted funds 13
Restricted income funds 2,585 1,202
2,585 1,202
Unrestricted funds 13
General funds 27,389 15,224
Designated funds 79,942 106,718
107,331 121,942
Reserves 13
Total funds 109,916 123,144

Approved by the trustees on 30 August 2022

And signed on their behalf by:

D.P. Chirnside Trustee 30 August 2022

Page 7

BOSCOM BE BAPTIST CHURCH

Notes to the Accounts

for the year ended 31 December 2021

Basis of preparation

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102) and the Charities Act 2011.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Income

Page 8

BOSCOM BE BAPTIST CHURCH Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/ independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from tax on its charitable activities.

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Page 9

BOSCOM BE BAPTIST CHURCH

Notes to the Accounts

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

M onetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/ expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Income from donations and legacies

Income from donations and legacies
Unrestricted Total Total
2021 2020
£ £ £
Regular Giving 21,531 21,531 21,445
One-off gifts 6,460 6,460 558
Legacies - - 9,750
27,991 27,991 31,753

Page 10

BOSCOM BE BAPTIST CHURCH

Notes to the Accounts

3 Income from charitable activities

Unrestricted
£
M ission
0
Other Gifts
-
Fees
-
Event Tickets
-
0
4
Income from other trading activities
Rental Income
Other
5
Income from investments
Interest Received - BU
Deposit Accounts
6
Other income
Other
7
Expenditure on raising funds
Costs of generating voluntary
income
Regular Giving		 Restricted
£
1,407
1,943
-
-
3,350
Unrestricted
£
15,071
44
15,115
Unrestricted
£
749
749
Unrestricted
£
1,707
1,707		 Total
2021
£
1,407
1,943
-
-
3,350
Total
2021
£
15,071
44
15,115
Total
2021
£
749
749
Total
2021
£
-
-		 Total
2020
£
920
100
220
91
1,331
Total
2020
£
5,527
-
5,527
Total
2020
£
989
989
Total
2020
£
135
135
Total
2021
£
1,707
1,707		 Total
2020
£
931
931

Page 11

BOSCOM BE BAPTIST CHURCH

Notes to the Accounts

8 Expenditure on charitable activities

Unrestricted
£
Expenditure on charitable
activities
M ission
1,199
Other Gifts
-
Governance costs
1,199
9
M ission Giving
Unrestricted
£
Compassion Children Sponsored
692
Compassion UK
77
Afghan Laptops
Beruit Emergency Appeal
Home M ission
152
ICN
Open Doors
277
Samaritan's Purse
Send a Cow
Sleepsafe
Storehouse (Faithworks)
Tearfund
Trussell Trust
BH1
1199
10 Other expenditure
Website Design
Covid Supplies
Employee costs
M otor and travel costs
Premises costs
General administrative costs
Legal and professional costs		 Restricted
£
1,967
-
1,967
Restricted
£
228
1017
495
228
1967
Unrestricted
£
-
-
32,620
322
17,755
3,948
915
55,560		 Total
2021
£
3,166
-
3,166
Total
2021
£
692
305
1017
152
495
505
3166
Total
2021
£
-
-
32,620
322
17,755
3,948
915
55,560		 Total
2020
£
3,014
149
3,163
Total
2020
£
679
475
350
333
100
200
107
275
240
125
130
3014
Total
2020
£
925
683
26,293
415
15,392
8,880
1,955
54,543

Page 12

BOSCOM BE BAPTIST CHURCH

Notes to the Accounts

11 Trustee remuneration and expenses

2021 2020
Number Number
Number of trustees paid expenses 1 1
The nature of the reimbursed expenses M ileage Allowance, proportion of M anse utilities (as per
contractual agreement) and other applicable purchases
made on behalf of BBC

12 Staff costs

2021 2020
Salaries and wages 28,591 24,757
Pension costs 3,025 1,413
31,616 26,170

No employee received emoluments in excess of £60,000.

The average monthly number of full time equivalent employees during the year was as follows:

2021 2020
Number Number
M inister 1 1
1 1

Pension contributions are made to a NEST pension scheme.

Page 13

BOSCOM BE BAPTIST CHURCH

Notes to the Accounts

13 M ovement in funds

Incoming
resources
At 31
(including Resources December
other expended 2021
**At ** 1 January gains/ losses
2021 )
£ £ £
Restricted funds:
Restricted income funds:
M ission 455 1,407 (1,967) (105)
Other 747 1,943 - 2,690
Total 1,202 3,350 (1,967) 2,585
Unrestricted funds:
General funds 15,224 43,106 (30,941) 27,389
Designated funds:
Residual funds from M anse
Sale/ Purchase 106,718 749 (27,525) 79,942
Total 106,718 749 (27,525) 79,942
Total funds 123,144 47,205 (60,433) 109,916
Purposes and restrictions in relation to the funds:
Restricted funds:
M ission Collections for charities
Other Other non-charity collections
Designated funds:
Residual funds from M anse To pay for a minister (2020-2023)
Sale/ Purchase

14 Analysis of net assets between funds

Unrestricted Restricted
Total
funds funds
£ £ £
Net current assets 107,331 2,585 109,916
107,331 2,585 109,916

Page 14

BOSCOM BE BAPTIST CHURCH

Notes to the Accounts

15 Reconciliation of net debt

At 31
At 1 January December
2021 Cash flows 2021
£ £ £
Cash and cash equivalents 123,144 (13,228) 109,916
123,144 (13,228) 109,916
Net debt 123,144 (13,228) 109,916
Commitments
Operating lease commitments
Annual commitments under non-cancellable operating leases are as follows:
2021 2021 2020 2020
Land and Land and
Other Other
buildings buildings
£ £ £ £
Operating leases with expiry date:
Pension commitments
2021 2020
£ £
The pension cost charge to the charity
amounted to: 3,025 1,413

16 Commitments

Page 15

BOSCOM BE BAPTIST CHURCH Statement of Cash flows

for the year ended 31 December 2021

2021 2020
£ £
Cash flows from operating activities
Net expenditure per Statement of Financial Activities (13,228) (18,902)
Adjustments for:
Dividends, interest and rents from investments (749) (1,124)
Other gains/ losses - -
Net cash used in operating activities (13,977) (20,026)
Cash flows from investing activities
Dividends, interest and rents from investments 749 1,124
Net cash from investing activities 749 1,124
Net cash from financing activities - -
Net decrease in cash and cash equivalents (13,228) (18,902)
Cash and cash equivalents at the beginning of the year 123,144 142,046
Cash and cash equivalents at the end of the year 109,916 123,144
Components of cash and cash equivalents
Cash and bank balances 109,916 123,144
109,916 123,144

Page 16

BOSCOM BE BAPTIST CHURCH

Detailed Statement of Financial Activities

for the year ended 31 December 2021

Unrestricte Restricted
d funds funds Total funds Total funds
2021 2021 2021 2020
£ £ £ £
Income and endowments from:
Donations and legacies
Regular Giving 21,531 - 21,531 21,445
One-off gifts 6,460 - 6,460 558
Legacies - - - 9,750
27,991 - 27,991 31,753
Charitable activities
M ission 0 1,407 1,407 920
Other Gifts - 1,943 1,943 100
Fees - - - 220
Event Tickets - - - 91
0 3,350 3,350 1,331
Other trading activities
Rental Income 15,071 - 15,071 5,527
Other 44 - 44 -
15,115 - 15,115 5,527
Investments
Interest Received - BU Deposit 749 - 749 989
Accounts
749 - 749 989
Other
Other - - - 135
- - - 135
Total income and endowments 43,855 3,350 47,205 39,735
Expenditure on:
Costs of generating donations and
legacies
Regular Giving 1,707 - 1,707 931
1,707 - 1,707 931
Total of expenditure on raising 1,707 - 1,707 931
funds
Charitable activities
M ission 1,199 1,967 3,166 3,014
Other Gifts - - - 149
1,199 1,967 3,166 3,163
Total of expenditure on charitable
activities		 1,199 1,967 3,166 3,163
Other expenditure

Page 17

BOSCOM BE BAPTIST CHURCH

Detailed Statement of Financial Activities

Website Design - - - 925
Covid Supplies - - - 683
- - - 1,608
Employee costs
Salaries/ wages 28,591 - 28,591 24,757
Pension costs 3,025 - 3,025 1,413
Staff entertainment 102 - 102 -
Staff training 492 - 492 48
Students 410 - 410 75
32,620 - 32,620 26,293
M otor and travel costs
Travel and subsistence - - - 16
Business mileage costs 322 - 322 399
reimbursed
322 - 322 415
Premises costs
Rates - - - 1,387
Light, heat and power 8,677 - 8,677 3,718
Premises cleaning 1,736 - 1,736 1,375
Premises insurances 437 - 437 2,128
Premises repairs and
maintenance		 6,905 - 6,905 3,957
Other premises costs - - - 2,827
17,755 - 17,755 15,392
General administrative costs,
including depreciation and
amortisation
Bank charges 8 - 8 -
Equipment expensed 816 - 816 2,574
Equipment repairs and
maintenance		 - - - 2,523
Information and publications 1,648 - 1,648 -
Postage and couriers 5 - 5 36
Software, IT support and related 456 - 456 60
costs
Stationery and printing 536 - 536 1,475
Subscriptions 479 - 479 684
Sundry expenses - - - 828
Telephone, fax and broadband - - - 700
3,948 - 3,948 8,880
Legal and professional costs
Audit/ Independent examination 840 - 840 -
fees
Accountancy and bookkeeping 75 - 75 1,955
915 - 915 1,955
Total of expenditure of other costs 55,560 - 55,560 54,543

Page 18

BOSCOM BE BAPTIST CHURCH

Detailed Statement of Financial Activities

Total expenditure 58,466 1,967 60,433 58,637
Net gains on investments - - - -
Net expenditure (14,611) 1,383 (13,228) (18,902)
Net expenditure before other
gains/ (losses)		 (14,611) 1,383 (13,228) (18,902)
Other Gains - - - -
Net movement in funds (14,611) 1,383 (13,228) (18,902)
Reconciliation of funds:
Total funds brought forward 121,942 1,202 123,144 142,046
Total funds carried forward 107,331 2,585 109,916 123,144

Page 19