REGISTERED CHARITY NUMBER: 1138148
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2021
for
Upton Baptist Church, Chester
Upton Baptist Church, Chester
Contents of the Financial Statements for the Year Ended 31 December 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 13 |
| Detailed Statement of Financial Activities | 14 | to | 15 |
Upton Baptist Church, Chester
Report of the Trustees for the Year Ended 31 December 2021
The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The principal object of the charity is the advancement of the Christian faith according to Baptist principles and in accordance with the Basis of Faith as stated in Schedule 1. The charity may also carry out other charitable purposes in the United Kingdom and/or other parts of the world.
Significant activities
The following activities take place as part of the life of the church.:
Two services of worship are held every Sunday, morning and afternoon, alongside the morning service, there is also a Sunday School and crèche of around 26 children and young people in age ranges from 0-15 years.
Midweek meetings are held including Bible studies, prayer meetings and review of team activities. Fortnightly women's Bible Studies are held in the church building during school term times.
The Church is committed to mission, both local and global. At a local level, we have sought to bring the gospel to local people by distributing invitations to our guest services and by the personal witness of individual members. The Church also runs courses as required for those seeking to find out more about the Christian faith.
Our outreach activities include a much appreciated weekly Parents & Toddlers group (30 parents and toddlers), weekly coffee morning open to the community and a small group from the church lead a short monthly worship service at a local Old people's Home.
A Children's Club is held fortnightly on Tuesdays (for 6 to 11 years).
On Fridays there is a club for teenagers aged 11 to 18 years, the young people also attend an annual youth camp and some attend summer camps.
A team from the Church attends a local Primary School weekly, during term time, acting out Bible stories as part of the children's corporate worship. We also give a copy of 'The Jesus Story Book Bible' to every Year 2 child in this school.
The church sponsors The Good News For All annual presentation of Bibles to year 7 pupils at our local secondary school.
Public benefit
The trustees have considered the guidance produced by the Charity Commission on the provision of public benefit and they confirm that public benefit has been provided by:
Providing regular public worship open to all; Conducting pastoral work including visiting the sick and the bereaved; Teaching Christianity through sermons, courses and small groups;
Taking religious assemblies in schools;
Providing a youth club with a Christian ethos and encouragement to participate in a young peoples Christian camp. Promoting the whole mission of the church through activities for parents and toddlers and other special needs groups; Supporting other charities in the UK and overseas. Contributing to our local foodbank.
Page 1
Upton Baptist Church, Chester
Report of the Trustees for the Year Ended 31 December 2021
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The Church has been able to continue its support of Christian works both in the UK and overseas. Owing to the spiritual nature of the church's objectives, it is difficult to quantify achievements.
FINANCIAL REVIEW
Principal funding sources
The principal funding source is donations/gifts from members and regular attendees of the church.
Reserves policy
The church holds the sum of approx. £35,000 on deposit to cover any unforeseen repairs to the church and unforeseen expenses.
Going concern
The Trustees are continually reviewing the operations of the charity and its ability to deliver its objectives and the charity remains in a healthy financial position.
FUTURE PLANS
Throughout the year we have been planning and working towards improving the church site and facilities, including a safety review and, where necessary, checking and pruning trees within the grounds, repairs to historic fencing on the boundaries. We are also looking at the possibility of extra space within the church building.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Upton Baptist Church is governed by its constitution adopted on 24 February 2010. The church was previously an excepted charity and was not required to register with the Charity Commission is it's own right.
Recruitment and appointment of new trustees
Appointed at the church members meeting.
Induction and training of new trustees
Charity trustees are appointed in accordance with the rules of its own constitution (based upon the Constitution for Grace Baptist Church Charities version 7.0).
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1138148
Principal address
Flag Lane South Upton Chester Cheshire CH2 1LB
Page 2
Upton Baptist Church, Chester
Report of the Trustees for the Year Ended 31 December 2021
Trustees
D Stott Pastor I E Williams Elder R Tibbs Elder J C Hocking Secretary/Treasurer/Deacon P Siddorn Deacon I Thompson Deacon A Taylor Deacon
Independent Examiner
Lee Warburton BA FCA Voisey & Co LLP Chartered Accountants 8 Winmarleigh Street Warrington Cheshire WA1 1JW
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charity SORP;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which 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 Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on ............................................. and signed on its behalf by: 23rd September 2022
.......................................................................... J C Hocking - Trustee
Page 3
Independent Examiner's Report to the Trustees of Upton Baptist Church, Chester
Independent examiner's report to the trustees of Upton Baptist Church, Chester
I report to the charity trustees on my examination of the accounts of Upton Baptist Church, Chester (the Trust) for the year ended 31 December 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all 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 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:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 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 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 accounts to be reached.
Lee Warburton BA FCA Voisey & Co LLP Chartered Accountants 8 Winmarleigh Street Warrington Cheshire WA1 1JW
Date: ............................................. 23rd September 2022
Page 4
Upton Baptist Church, Chester
Statement of Financial Activities for the Year Ended 31 December 2021
| 2021 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 114,305 Investment income 2 4 Total 114,309 EXPENDITURE ON Charitable activities Church activities 82,685 Evangelism 6,411 Missionary 14,904 Other 1,233 Total 105,233 NET INCOME 9,076 RECONCILIATION OF FUNDS Total funds brought forward 95,053 TOTAL FUNDS CARRIED FORWARD 104,129 |
2020 Total funds £ 124,418 24 |
|---|---|
| 124,442 | |
| 80,309 2,418 15,578 1,278 |
|
| 99,583 | |
| 24,859 70,194 |
|
| 95,053 |
The notes form part of these financial statements
Page 5
Upton Baptist Church, Chester
Balance Sheet 31 December 2021
| 2021 Unrestricted fund Notes £ CURRENT ASSETS Debtors 5 53,500 Cash at bank 52,020 105,520 CREDITORS Amounts falling due within one year 6 (1,391) NET CURRENT ASSETS 104,129 TOTAL ASSETS LESS CURRENT LIABILITIES 104,129 NET ASSETS 104,129 FUNDS 7 Unrestricted funds 104,129 TOTAL FUNDS 104,129 |
2020 Total funds £ 57,050 39,987 97,037 (1,984) 95,053 95,053 95,053 95,053 95,053 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. 23rd September 2022 and were signed on its behalf by:
............................................. J C Hocking - Trustee
The notes form part of these financial statements
Page 6
Upton Baptist Church, Chester
Notes to the Financial Statements for the Year Ended 31 December 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
The presentation currency of the financial statements is the Pound Sterling (£).
Financial reporting standard 102 - reduced disclosure exemptions
The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Donations, are recognised when the Charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period.
For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
- Expenditure on charitable activities includes the costs incurred by the charity to enable it to fulfil its core operations.
- Other expenditure represents those items not falling into any other heading.
continued...
Page 7
Upton Baptist Church, Chester
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
1. ACCOUNTING POLICIES - continued
Charitable activities
Costs of charitable activities include governance costs.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the net asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised costs using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publically traded and whose fair values cannot be measured reliably are measured at cost less impairment.
Impairment of financial assets
Financial assets, other than those held at fair value through profit or loss, are assessed for indicators of impairment at each reporting end date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.
continued...
Page 8
Upton Baptist Church, Chester
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
1. ACCOUNTING POLICIES - continued
Financial instruments
Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
Employee benefits
The costs of the short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the costs of stock or fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2. INVESTMENT INCOME
3.
| Deposit account interest TRUSTEES' REMUNERATION AND BENEFITS Trustees' salaries Trustees' social security Trustees' pension contributions to money purchase schemes |
2021 £ 4 2021 £ 34,691 - 854 35,545 |
2020 £ 24 2020 £ 33,494 903 818 |
|---|---|---|
| 35,215 |
The trustees' salaries are in respect of the Pastor who is also trustee. The remuneration received relates to employment only and not to their work as trustee, in compliance with section 9 of the constitution of the charity.
| Trustees' expenses | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Trustees' expenses | 3,509 | 2,209 |
The trustees' expenses claimed relate to the refund of travelling costs of the Pastor throughout the year, in relation to their employment.
continued...
Page 9
Upton Baptist Church, Chester
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
4. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Pastor | 1 | 1 | |||
| Pastoral care worker | 1 | 1 | |||
| 2 | 2 | ||||
| No employees received emoluments in excess of £60,000. | |||||
| 5. | DEBTORS | ||||
| 2021 | 2020 | ||||
| £ | £ | ||||
| Amounts falling due within one year: | |||||
| Prepayments | - | 3,550 | |||
| Amounts falling due after more than one year: | |||||
| Loan to Pastor | 53,500 | 53,500 | |||
| Aggregate amounts | 53,500 | 57,050 | |||
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 2021 | 2020 | ||||
| £ | £ | ||||
| Taxation and social security | 595 | 565 | |||
| Other creditors | 796 | 1,419 | |||
| 1,391 | 1,984 | ||||
| 7. | MOVEMENT IN FUNDS | ||||
| Net | |||||
| movement | At | ||||
| At 1.1.21 | in funds | 31.12.21 | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 95,053 | 9,076 | 104,129 | ||
| TOTAL FUNDS | 95,053 | 9,076 | 104,129 |
continued...
Page 10
Upton Baptist Church, Chester
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
7. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 114,309 114,309 |
Resources Movement expended in funds £ £ (105,233) 9,076 (105,233) 9,076 |
Resources Movement expended in funds £ £ (105,233) 9,076 (105,233) 9,076 |
|---|---|---|---|
| 9,076 |
Comparatives for movement in funds
| At 1.1.20 £ Unrestricted funds General fund 70,194 TOTAL FUNDS 70,194 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 124,442 TOTAL FUNDS 124,442 |
Net movement At in funds 31.12.20 £ £ 24,859 95,053 24,859 95,053 Resources Movement expended in funds £ £ (99,583) 24,859 (99,583) 24,859 |
Net movement At in funds 31.12.20 £ £ 24,859 95,053 24,859 95,053 Resources Movement expended in funds £ £ (99,583) 24,859 (99,583) 24,859 |
|---|---|---|
| 24,859 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.1.20 | in funds | 31.12.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 70,194 | 33,935 | 104,129 |
| TOTAL FUNDS | 70,194 | 33,935 | 104,129 |
continued...
Page 11
Upton Baptist Church, Chester
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
7. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 238,751 238,751 |
Resources Movement expended in funds £ £ (204,816) 33,935 (204,816) 33,935 |
Resources Movement expended in funds £ £ (204,816) 33,935 (204,816) 33,935 |
|---|---|---|---|
| 33,935 |
8. EMPLOYEE BENEFIT OBLIGATIONS
The charity operates a defined contribution scheme. The assets of which are held separately from the assets of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £854 (2020: £818).
9. CAPITAL COMMITMENTS
| CAPITAL COMMITMENTS | |||
|---|---|---|---|
| 2021 | 2020 | ||
| £ | £ | ||
| Contracted but not provided for in the financial statements | - | 9,783 |
At the end of the 2020, the charity agreed to purchase 200 chairs for £13,045. A deposit of £3,261 was paid, which is included in prepayments, with the balance of £9,783 due on delivery of the chairs.
10. RELATED PARTY DISCLOSURES
The loan to the former pastor, Owen Blackwood, of £53,500 made in 2015 remains outstanding. Owen Blackwood resigned as pastor in July 2019. There is no finite date for repayment of the loan. It will continue to run until the property owned by Owen Blackwood is sold, when the loan will be repaid out of the proceeds as it is secured by way of a 2nd charge against the property.
No interest will be charged under the agreement.
The Pastor's wife, R L Stott, receives a salary in respect of their employment by Upton Baptist Church.
Throughout the year, the trustees make donations to the church.
continued...
Page 12
Upton Baptist Church, Chester
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
11. FIXED ASSETS
The land on which the church stands was purchased in 1979 for £28,000, and the church buildings were constructed during the following years with the costs being written off through the Statement of Financial Activities. No value for the land and buildings have been included in the accounts, and the trustees have not had the property valued. The land and buildings has a holding value of £720,855 with the Grace Baptist Charities Limited, the registered owners of the property.
Similarly, there are no other fixed assets as all such items have been expensed through the Statement of Financial Activities.
12. REMUNERATION OF KEY MANAGEMENT PERSONNEL
The charity considers its key management personnel to comprise its trustees. No salaries have been paid in relation to their roles as trustees.
Page 13
Upton Baptist Church, Chester
Detailed Statement of Financial Activities for the Year Ended 31 December 2021
| INCOME AND ENDOWMENTS Donations and legacies Donations Donations - Gift aid Sundry income Book Sales Foodbank Investment income Deposit account interest Total incoming resources EXPENDITURE Charitable activities Trustees' salaries Trustees' social security Trustees' pension contributions Trustees' expenses Wages Social security Premises costs Music Administration Evangelism Missionary Speakers Gifts YP/Books Elders Renovation costs Foodbank costs Support costs Finance Bank charges Governance costs Accountancy and legal fees Carried forward |
2021 £ 25,187 84,816 2,334 418 1,550 114,305 4 114,309 34,691 - 854 3,509 9,281 - 6,459 1,385 5,465 6,411 14,904 270 2,825 460 1,464 14,527 1,495 104,000 9 935 935 |
2020 £ 31,428 89,616 3,374 - - |
|---|---|---|
| 124,418 24 |
||
| 124,442 33,494 903 818 2,209 9,281 22 6,899 963 5,189 2,418 15,578 360 314 382 114 19,361 - |
||
| 98,305 - 1,047 1,047 |
This page does not form part of the statutory financial statements
Page 14
Upton Baptist Church, Chester
Detailed Statement of Financial Activities for the Year Ended 31 December 2021
| Detailed Statement of Financial Activities for the Year Ended 31 December 2021 |
||
|---|---|---|
| Governance costs Brought forward Conference and training costs Total resources expended Net income |
2021 £ 935 289 1,224 105,233 9,076 |
2020 £ 1,047 231 |
| 1,278 | ||
| 99,583 | ||
| 24,859 |
This page does not form part of the statutory financial statements
Page 15