ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021
WELL BAPTIST CHURCH
CHARITY REGISTRATION No: 1142161
Page 2 Legal and Administrative Information Pages 3 to 4 Trustees' Report Page 5 Independent Examiner's Report to the Trustees Page 6 Statement of Financial Activities Page 7 Balance Sheet Pages 8 to 16 Notes to the Financial Statements
Independent Examiners Ltd Unit 2,The Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF
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WELL BAPTIST CHURCH
LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY NUMBER 1142161 DATE OF REGISTRATION 31st May 2011 START OF FINANCIAL YEAR 1st January 2021 END OF FINANCIAL YEAR 31st December 2021 CUSTODIAN TRUSTEE North Western Baptist Association
MINISTERS Rev Rick Oldland - Senior Pastor Rick Hooke - Campus Pastor Ansdell SENIOR LEADERS Alan Buckley Gemma White Steve Hobin Greg White Alyson Hobin Stewart Whitley Mike Banner Vida Caplin LEGAL STATUS Unincorporated Charity
GOVERNING INSTRUMENT Constitution Adopted 17th January 2010
OBJECTS
The Church exists to proclaim the Christian Faith and to serve the local community through its work and witness. Its purpose is to turn people into fully devoted followers of Jesus Christ.
CORRESPONDENCE ADDRESS Ansdell Road North Lytham St Annes Lancashire FY8 4EZ CUSTODIAN TRUSTEE ADDRESS The Resource Centre Fleet Street Wigan Lancashire WN5 0DS PRIMARY BANKERS CAF Bank 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ INDEPENDENT EXAMINER K Gomes Independent Examiners Ltd Unit 2,The Broadbridge Business Centre Delling Lane, Bosham West Sussex PO18 8NF
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WELL BAPTIST CHURCH
TRUSTEES' REPORT FOR THE YEAR ENDED 31ST DECEMBER 2021
Overview
We are an evangelical charismatic church based in Lancashire filled with people from different walks of life. We are ordinary people whose lives have been changed by meeting with an extraordinary God. Jesus said those who committed their lives to Him would be "born again" - a new life, free of the past, would begin centred on a personal relationship with Him as Lord.
Objectives
i - To be a people who are getting healed up in the Father's Love so that we can live and serve out of pure hearts.
ii - To be a safe place for people to grow in God's love and gifts.
iii - To be a people moving out of vision not ambition.
iv - To be a centre of resource for renewal and revival, to the local and wider church and the community we serve.
v - To be an apostolic church, drawing from the nations sending to the nations.
We are a member of “Harvest Alliance” group of churches and also a member of the Baptist Union of Great Britain and actively support the aims and goals of these organisations.
Organisational Structure and Decision Taking
The Well Baptist Church values the concept of team leadership and is essentially a Cell Church with two main aspects: large enough to celebrate - small enough to care and multiply. We have 2 levels of leadership. Senior leaders have oversight of the whole church and Cell group leaders are responsible for pastoral care, discipling and outreach from groups of around 12 people.
Extra-budgetary expenditure shall be sanctioned on the basis of the following scale:-
| Discretion of the Treasurer | Up to £250 |
|---|---|
| Discretion of the Treasurer plus one member of the Finance Group | £250 to £500 |
| Discretion of the whole Finance Group | £500-£1,250 |
| Ratified by the Leadership Team beforehand | £1,250-£2,500 |
| Submitted to the Church meeting | Over £2,500 |
Financial review
Income for the year amounted to £232,083 (2020 - £248,686) and expenditure £267,546 (2020 - £243,519). The surplus was added to fund brought forward with unrestricted funds being £50,492 at the year end.
Policy on reserves
The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily.
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WELL BAPTIST CHURCH
TRUSTEES' REPORT
FOR THE YEAR ENDED 31ST DECEMBER 2021
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 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:
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select suitable accounting policies and then apply them consistently;
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- observe the methods and principles in the Charity SORP;
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- make judgements and estimates that are reasonable and prudent;
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- 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 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 the Trustees on ………………………………
Signed on their behalf by Trustee ……………………………………………………………
Printed Name:
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INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS
I report to the Trustees/ members of Well Baptist Church on the accounts for the year ended 31st December 2021 set out on pages 6 to 16.
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
Responsibilities and basis of report
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 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 which gives me cause to believe that in, any material respect:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
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the accounts did 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 other 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.
K Gomes MAAT Independent Examiners Ltd Unit 2,The Broadbridge Business Centre Signed : Delling Lane Bosham West Sussex PO18 8NF Date: 26.10.22
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WELL BAPTIST CHURCH
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2021
| Notes | Unrestricted | Designated | Restricted | TOTAL | TOTAL | |
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2021 | 2020 | ||
| £ | £ | £ | £ | £ | ||
| INCOME AND ENDOWMENTS | FROM: | |||||
| Donations & Legacies | 3a | 159,680 | 400 | 57,644 | 217,725 | 245,956 |
| Charitable Activities | 3b | 2,721 | - | 5,589 | 8,310 | 1,070 |
| Investment Income | 3c | 2 | - | - | 2 | 320 |
| Other Income | 3d | 3,900 | - | 3,046 | 6,946 | 1,340 |
| TOTAL INCOME | 166,304 | 400 | 66,279 | 232,983 | 248,686 | |
| EXPENDITURE ON: | ||||||
| Charitable Activities | 4 | 163,342 | - | 104,203 | 267,546 | 243,519 |
| TOTAL EXPENDITURE | 163,342 | - | 104,203 | 267,546 | 243,519 | |
| NET INCOME/(EXPENDITURE) | 2,961 | 400 | (37,924) | (34,563) | 5,167 | |
| Total Funds Brought Forward | 78,183 | 2,575 | 4,297 | 85,055 | 79,888 | |
| Transfer Between Funds | (40,700) | (2,975) | 43,676 | 1 | - | |
| TOTAL FUNDS CARRIED FORWARD | 40,444 | - | 10,050 | 50,494 | 85,055 |
Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.
The notes on pages 8 to 16 form part of these financial statements.
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WELL BAPTIST CHURCH
BALANCE SHEET
AS AT 31ST DECEMBER 2021
| Notes Fixed Assets Tangible Assets 2 Current Assets Cash at Bank and in Hand 7 Debtors & Prepayments 8 Total Current Assets 9 NET CURRENT ASSETS/ (LIABILITIES) 10 NET ASSETS/(LIABILITIES) Funds of the Charity General Funds Designated Funds 5 Restricted Funds 6 Total Funds Creditors: amounts falling duewithin one year TOTAL ASSETS less current liabilities Creditors: Long Term Liabilities |
Total Total Unrestricted Designated Restricted 31-Dec 31-Dec Funds Funds Funds 2021 2020 £ £ £ £ £ - - - - - 34,478 - 10,050 44,528 85,428 7,496 - - 7,496 1,157 |
|---|---|
| 41,974 - 10,050 52,024 86,585 |
|
| 1,530 - - 1,530 1,530 40,444 - 10,050 50,494 85,055 |
|
| 40,444 - 10,050 50,494 85,055 - - - - - |
|
| 40,444 - 10,050 50,494 85,055 |
|
| 40,444 - - 40,444 78,183 - - - - 2,575 - - 10,050 10,050 4,297 |
|
| 40,444 - 10,050 50,494 85,055 |
Approved by the Trustees on ………………………………
Signed on their behalf by Trustee ……………………………………………………………
Printed Name:
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WELL BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021
1. ACCOUNTING POLICIES
Basis of Preparation
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with: the 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 of Ireland (FRS 102) 2nd addition effective 1 January 2019.
The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.
Assessment of Going Concern
Preparation of the accounts is on a going concern basis. The Trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.
Incoming Resources
Recognition of Incoming Resources
These are included in the Statement of Financial Activities (SOFA) when:
▪ the charity becomes entitled to the resources;
▪ the trustees are virtually certain they will receive the resources; and
▪ the monetary value can be measured with sufficient reliability
Incoming Resources with Related Expenditure
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA.
Grants and Donations
Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Tax Reclaims on Donations and Gifts
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.
Contractual Income and Performance Related Grants
This is only included in the SOFA once the related goods or services has been delivered.
Gifts in Kind
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.
Donated Services and Facilities
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.
Volunteer Help
The value of any voluntary help received is not included in the accounts.
Investment Income
This is included in the accounts when receivable.
Investment Gains and Losses
This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
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WELL BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2021
1. ACCOUNTING POLICIES (continued)
Expenditure and Liabilities
Liability Recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Governance Costs
Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advise to trustees on governance or constitutional matters.
Grants with Performance Conditions
Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.
Grants Payable without Performance Conditions
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.
Support Costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of the resources, eg allocating property costs by floor areas, or per capital employed, staff costs by the time spent and other costs by their usage.
Investments
Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value.
Unrestricted Funds
These funds can be used for the general objectives of the charity as set out in the trustees report. The movements of the unrestricted funds are given in the Statement of Financial Activities.
Restricted Funds
These funds are where the donor has specified a purpose for the donation made. These restrictions often arise as a result of the regular appeals for special offerings made for specific purposes.
Designated Funds
These funds are funds set aside by the trustees out of unrestricted general funds for specific purposes or projects.
2. TANGIBLE FIXED ASSETS
Land Buildings and Equipment
The Church writes off the value of fixtures and fittings, computers and equipment in the year of purchase. The church premises are considered to be inalienable and historic fixed asset and are excluded from the Balance Sheet because reliable cost information is not available and valuation would incur significant costs which would be onerous compared with the additional benefit gained by the user of the accounts. Amortisation has not been charged on the Church Land & Buildings, because in the opinion of the Trustees, the residual value of the asset is not less than the original cost price. The insurance value of the premises is £5,308,498 and the contents a further £105,009.
The annual commitments under non-cancelling operating leases and capital commitments are as follows:
31st December 2021 : None 31st December 2020 : None
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WELL BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2021
3. INCOME AND ENDOWMENTS
| Notes a) Donations & Legacies Gifts & Donations Offerings Gift Aid Grant Income 6 Legacies b) Charitable Activities Little Wellies Income Messy Church Missions Income 6 Pennies from Heaven Lighthouse Youth Ministry c) Investment Income Bank Interest d) Other Income Sundry Income |
Unrestricted Designated Restricted TOTAL TOTAL Fund Fund Fund 2021 2020 £ £ £ £ £ 401 - 2,038 2,439 506 4,983 - 900 5,883 3,857 154,296 - 39,346 193,642 209,393 - 400 15,360 15,760 7,200 - - - - 25,000 |
|---|---|
| 159,680 400 57,644 217,725 245,956 |
|
| 680 - - 680 408 505 - - 505 176 - - 5,560 5,560 432 - - 29 29 - 1,536 - - 1,536 - - - - - 54 |
|
| 2,721 - 5,589 8,310 1,070 |
|
| 2 - - 2 320 |
|
| 2 - - 2 320 |
|
| 3,900 - 3,046 6,946 1,340 |
|
| 3,900 - 3,046 6,946 1,340 |
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WELL BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2021
4. EXPENDITURE ON:
| Notes a) Charitable Activities Bank Charges Catering & Cleaning Costs Charitable Missions 6 Equipment Costs 6 Fellowship Costs Gardening Costs Gifts & Donations Intern Costs Little Wellies Lighthouse Messy Church Mini Bus Costs 6 Music Ministry Office Costs Outreach 6 Repairs & Maintenance 5 & 6 Speakers Expenses Staff Costs 12 Staff Expenses Sundry Expenses 6 Telephone & Media Costs Training Costs Utility Costs Utility Costs - Manse Youth & Children's Work Independent Examiner's Fee Insurance Costs |
Unrestricted Designated Restricted TOTAL TOTAL Fund Fund Fund 2021 2020 £ £ £ £ £ 346 - - 346 220 471 - 3,649 4,121 263 4,931 - 90,138 95,069 106,269 5,704 - 3,793 9,497 5,288 475 - - 475 375 1,085 - - 1,085 990 3,163 - - 3,163 2,130 500 - 75 575 394 425 - - 425 546 859 - - 859 - 1,870 - - 1,870 1,351 122 - 211 333 1,575 597 - - 597 762 251 - - 251 247 3,466 - - 3,466 4,172 36,063 - 505 36,568 13,170 703 - - 703 280 83,773 - 1,536 85,309 81,856 486 - 53 539 1,142 1,353 - 1,603 2,956 1,107 969 - 90 1,059 1,883 2,440 126 2,566 4,860 1,924 - 1,856 3,780 2,763 5,626 - - 5,626 5,393 285 - - 285 976 1,470 - - 1,470 1,530 3,985 - 569 4,554 3,977 |
|---|---|
| 163,342 - 104,203 267,546 243,519 |
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WELL BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2021
5. DESIGNATED FUNDS
CURRENT FINANCIAL YEAR
| Building Fund | Balance Balance 01-Jan-21 Income Expenditure Transfers 31-Dec-21 £ £ £ £ £ 2,575 400 - 2,975 - - |
|---|---|
| 2,575 400 - 2,975 - - |
PREVIOUS FINANCIAL YEAR
| Building Fund | Balance Balance 01-Jan-20 Income Expenditure Transfers 31-Dec-20 £ £ £ £ £ 3,057 - 7,598 7,116 2,575 |
|---|---|
| 3,057 - 7,598 7,116 2,575 |
The designated funds held are wholly represented by the Charity's cash reserves.
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WELL BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2021
6. RESTRICTED FUNDS
CURRENT FINANCIAL YEAR
| Blackpool Relief Fund Cambodia Fund Well Café Well Community Centre Mission Offering Special Offerings Trust Fund Uganda Mission Fyide Youth Grant |
Balance Balance 01-Jan-21 Income Expenditure Transfers 31-Dec-21 £ £ £ £ £ 2,450 - 700 - 1,750 - 3,133 13,260 10,127 - - 49 363 314 0 1,616 10,608 13,976 1,752 0 - - - - - - - - - - 231 - 300 369 300 - 44,490 75,605 31,114 - - 8,000 - - 8,000 |
|---|---|
| 4,297 66,280 104,203 43,676 10,050 |
PREVIOUS FINANCIAL YEAR
| Blackpool Relief Fund Cambodia Fund Well Café Well Community Centre Mission Offering Special Offerings Trust Fund Uganda Mission |
Balance Balance 01-Jan-20 Income Expenditure Transfers 31-Dec-20 £ £ £ £ £ 3,150 - 700 - 2,450 - - 21,841 21,841 - - - 581 581 - - 7,632 7,296 1,280 1,616 - - - - - - - 397 397 - 531 - 300 - 231 4,266 73,350 69,084 - |
|---|---|
| 7,947 7,632 104,465 93,183 4,297 |
Uganda Mission Fund - Donations for mission support through David Atkinson in Uganda.
Fellowship Fund - During the year the Fellowship Fund account was closed and the responsibility for Fellowship payments were taken over by the General account. Payments are still controlled by 2 senior leaders and are strictly confidential.
Trust Account Fund - Well Baptist Church was approached by a church member to act as custodian of a sum of money to be used for charitable purposes at their discretion.
The restricted funds held are wholly represented by the Charity's cash reserves.
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WELL BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2021
7. CASH AT BANK AND IN HAND
| Current and Savings Accounts Well Gift Aid Account Baptist Union Savings Account |
Unrestricted Designated Restricted Total Total Fund Fund Fund 31-Dec-21 31-Dec-20 £ £ £ £ £ 7,365 - 10,050 17,415 53,371 1,556 - - 1,556 6,552 25,557 - - 25,557 25,505 |
|---|---|
| 34,478 - 10,050 44,528 85,428 |
8. DEBTORS AND PREPAYMENTS
| Gift Aid Tax Recoverable | Unrestricted Designated Restricted Total Total Fund Fund Fund 31-Dec-21 31-Dec-20 £ £ £ £ £ 7,496 - - 7,496 1,157 |
|---|---|
| 7,496 - - 7,496 1,157 |
9. CREDITORS ACCRUALS AND DEFERRED INCOME: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Independent Examiners Fees | Unrestricted Designated Restricted Total Total Fund Fund Fund 31-Dec-21 31-Dec-20 £ £ £ £ £ 1,530 - - 1,530 1,530 |
|---|---|
| 1,530 - - 1,530 1,530 |
10. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR
The Charity held no long term labilities during this or the previous financial period.
11. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Tangible Fixed Assets Net Current Assets Long Term Liabilities TOTAL FUNDS |
Unrestricted Designated Restricted TOTAL TOTAL Fund Fund Fund 31-Dec-21 31-Dec-20 £ £ £ £ £ - - - - - 40,444 - 10,050 50,494 85,055 - - - - - |
|---|---|
| 40,444 - 10,050 50,494 85,055 |
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WELL BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2021
12. STAFF COSTS AND NUMBERS
| 12. STAFF COSTS AND NUMBERS | ||
|---|---|---|
| Gross Wages and Salaries Employer's National Insurance Costs Employer's Pension Contributions Pension Deficit Reduction Contributions |
2021 TOTAL £ 69,769 5,887 4,719 4,934 85,309 |
2020 TOTAL £ 67,074 5,154 4,884 4,744 |
| 81,856 |
Employees who were engaged in each of the following activities:
| Charitable Activities | 2021 TOTAL 4 4 |
2020 TOTAL 4 |
|---|---|---|
| 4 |
The Charity operates a PAYE Scheme to pay all employed members of Staff. No employees received emoluments in the range of £50,000 to £60,000 (2020:None)
13. PAYMENTS TO TRUSTEES AND RELATED PARTY TRANSACTIONS
The custodian trustee of the church is the North Western Baptist Association.
The church is also a member of the Baptist Union of Great Britain, and the North West Baptist Association.
Custodian Trustees
No payments were made to the custodian trustees or any persons or organisations connected with them during this financial period. No material transaction took place between the charity and the custodian trustee or any person or organisation connected with them.
Ministers and Senior Leaders
The Minister Mr Rick Oldland lived in the Manse which is wholly owned by the Church. He received £29,827 (£29,479:2020) regarding salary and expenses. Pastor Rick Hooke received £25,326 (£24,630:2020) with respect to a salary.
No other payments were made to Ministers, Elders, Senior Leaders or any persons connected with them during this financial period. No other material transaction took place between the charity and a Ministers, Elders, Senior Leaders or any person connected with them.
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WELL BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2021
14. GOING CONCERN
After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.
15.Risk management
The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
16. PUBLIC BENEFIT
The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the trustees report. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
17. PENSIONS
The Pastor is a member of the Baptist Union defined contribution pension fund and both the church and Rick contribute. Up to 2012 the contributions went to a defined benefits scheme which was closed in common with many similar schemes. There is a deficit on the scheme arising from many years ago and we are currently paying extra payments to eliminate this. Payments are set by the scheme trustees and are currently at 12% of salary and are due to finish in 2026.
We are also subject to the pension auto enrolment government rules and we more than meet the criteria required.
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