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2021-12-31-accounts

COWES BAPTIST CHURCH

Registered Address

Victoria Road Cowes Isle of Wight. PO31 7JJ

Registered Charity No 1143075

Trustees

Mrs Judith Compton Minister Mrs Elaine Cherry Treasurer Mrs Tracey Dancy Secretary Mr Christopher Old Deacon Mr Hamish Wilson Deacon Mr Graham Cherry Deacon Mr Rex Goldsmith Deacon Mrs Jacqui Spalding Deacon

Property Trustees

The Baptist Union Corporation Limited Baptist House 129 Broadway Didcot Oxfordshire OX11 8RT

Bankers

Barclays Bank St. James Square, Newport, I.W. PO30 1UP

CCLA Investment Management Ltd.

Independent Examiner

A H Cross & Co

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COWES BAPTIST CHURCH

Annual Report for 2021

The trustees present their Annual Report and financial statements for the year ended December 31 2021.

Charitable Object

The Charity is governed by an Approved Governing Document which states that 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. The Church occupies premises which are held by the Baptist Union Corporation Ltd as holding trustees, on Trusts which are entirely compatible with the above object.

Organisational Structure and Decision making processes

Baptism by immersion upon personal profession of faith is the normal mode of entry into the membership of the church. Persons seeking membership who have not been baptised in the manner described may at the discretion of the Church Members’ Meeting be accepted for full membership based on their own public profession of faith.

The Members’ Meeting normally takes place at least quarterly and has responsibility for the overall policy of the church. In accordance with the Constitution, the members appoint deacons, who together with the Minister, Church Secretary (if there is one) and Treasurer (who are also appointed by the Members), are the Charity Trustees, and are responsible for the day to day running of the church’s work and witness, and the financial and legal aspects of the charity.

Charity Trustees serve so long as they have the support of the Church Members’ Meeting and (except for those in ministerial offices) are actively appointed and reappointed at least once every three years.

Training for Trustees is provided by both the Southern Counties Baptist Association and the Baptist Union of Great Britain, who regularly arrange training days on financial management, safeguarding, legal matters and other aspects of interest to the Trustees. Detailed Guidance notes are also available from the Baptist Union website.

All members are encouraged to take an appropriate part in the spiritual and practical tasks involved in the furtherance of the charitable objective. Relevant matters may be submitted to the Church meeting by the Trustees for guidance, or may be raised by members in Church meeting for further consideration by the Trustees. Though the Constitution permits decisions to be made at Church meetings by appropriate majorities, the Church seeks to work by consensus wherever possible.

Affiliations

The church is in membership with

COWES BAPTIST CHURCH

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Annual Report for 2021 continued

Objectives and Activities

In order to achieve the principal objective which is set out above, the Church provides a variety of activities both to its membership and to the community generally. The church’s focus is set out as follows:

“Cowes Baptist Church exists to honour Jesus, bringing people together, sharing facilities and resources, growing, worshipping, praying, serving, seeking to be the best we can, seeking the best for those we serve”.

The Church usually holds public services of Christian worship on Sunday mornings and evenings supported by a varied music group. There are activities for babies, toddlers and children and a thriving parent and toddler group which meets on Tuesday mornings. There are also various house groups which meet on a regular basis.

All of the above face to face activities ceased in March 2020 due to the Covid 19 pandemic. Where possible these were replaced with online zoom meetings and pre-recorded services, and contact with participants was maintained where possible. Services were resumed in the summer of 2021, and other activities restarted in September 2021. Some prayer and group meetings are still held online over zoom.

Details of all church activities are available through the church website at www.cowesbaptistchurch.org.uk

The church works alongside other churches in Cowes and is also active in supporting joint initiatives such as IOW Street Pastors and School Pastors and the Isle of Wight Foodbank which serve vulnerable people in the wider community.

The Church has a Safeguarding policy which is fully compliant with the Baptist Union “Safe to Grow” Child protection document to ensure that all people working with children and vulnerable adults are interviewed and appropriately vetted through the Disclosure and Baring Service.

The church has read the Charity Commission guidance on public benefit, and is satisfied that the activities outlined above clearly demonstrate that the charity is providing a benefit to the public.

Achievements and Performance

During the last year, our core activities have been maintained, and we are now holding services again. A Renew Café has opened which is concerned with peoples wellbeing. In addition several groups supporting those in need in our community are now using the premises on a regular basis, and music and dance classes for children have now resumed.

During the year membership has remained at 46. There are also numerous other members of the congregation who are active in the work of the church but have not yet become church members.

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COWES BAPTIST CHURCH

Annual Report for 2021 continued

Reserves Policy

General Fund : Regular income supports the day to day activities of the church, however it has been determined by the trustees that a policy of maintaining a general cash reserve fund of £4,000 should be adopted. This reserve will be available to cover short term reductions in income or unexpected expenditure.

Building Fund : Funds are held for any major works on the church buildings and the manse. No reserve figure has been set as any work needed will be carried out as necessary.

Church / Community Worker : No reserves are required for this account. Currently this account is not being used.

Financial Review

General Fund.

This has been an unusual year for the church with no regular church services or outside organisations using the premises until the Summer 2021.

Income for 2021 (excluding funds received for outside causes) was £55,411.88 a 27% increase on 2020. Although we did not have any actual services at the beginning of the year, the majority of income was received by bank transfers and standing orders.

Expenditure is also significantly Increased compared with the previous year. This is mainly due to the appointment of our Minister in October 2020, with 2021 being her first full year in office.

Taking the above into consideration, we ended the year with a surplus on the general fund of £3,480.64. The balance brought forward from the previous year was £32,192.03 so the balance carried forward at the end of 2021 was £35,672.67.

.

Building Fund . During 2021 our original manse was rented out, and as our new minister already had a property in Cowes, it was agreed that the church would lease that to use as a manse. Tenants moved in in December 2020, and the rent received covers the rent payable to the Minister and makes a contribution to the cost of the renovation.

There was a deficit of £3274.21 as of 31 December 2020. During 2021 this deficit was cleared and the balance on the account at 31 December 2021 was £502.12.

Funds for the Church/Community Worker were restricted funds for the employment of a Church/Community Worker. The post is now vacant, and there was no income or expenditure during 2021. The balance at the end of 2021 remains at was £15,942.40

There were no unforeseen expenses in 2021

Signed on behalf of the Trustees

On (date)……………………..

…………………………………

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INDEP DENT EXAMINER'S REPORT TO THE TRUSTEES S BAPTIST CHURCH I report on the accounts of CLY￿$ Bapbst Church for the >wr ended 31 L)ecember 2021. whth are sel out on the folknw.rvj 7 pa988. bililies of TTUStees As the Charity's Trustees you are responsole for the preparatth of Ihe accounts: you consJer that the audit ￿uireMent of section 144 of the Charities Acl 2011 llhe Acl"} dces not appty. It is my r88pon$ibilty to state, on basis of procedures ¥pecfvd In the General DirectvJns given by the Charity Comrnissi¢)nef5 ur•Jer seCt￿n of the Act. whethef parts.wlar matters have ¢om6 to my attention. In Examinerfs My examinab.on was rarried out in accordan￿ with the General Directions given by the Charity Cornmrss￿￿S. An exarninal￿n indudes a review of the accourth. recofd8 kept by the Twslees and a c#)mpanson of the acetsJnts Pfe5ented wrth those records. It akn includes cofts¥Jeration of any unusual items OT discbsuTes In th8 accounts, arbj seekin9 explanations from you as Tr￿te￿5 concerning any SL matters. The Pfo¢edures undertaken do not Pfov•Ye all the eVIden￿ that woukl te required in an audit, and consequentty I do express an audrt ¢¥inion on the view gNen by th• accounis. ndènt Examinerfs In cortr￿ctIOn with my examinalKffi. no matter has c>)Th to My attenlion.. 11 whth gNes me rna80nab cause lo bell8% that in any material respgd tt requirements.. to keep a¢uK¥rtiThJ records in 8(wdano ith sectM)n 130 the Ad.. and to piep8re ac(x)urrts vthi¢h $c￿ld with the 8cc)unting records and lo eompty ¥4rylh [wir￿ts of Ihe Act have not teen met." or 21 to which. in my opini￿. attentiw should be dr¥4￿ in Order to enable a proper unders of the *counts to be reacw. enderson Chartered Accountant A H Cross & Co knmrt&J 16 Quay Straet Nwort IS￿ ofWwJht P030 5BG 28 2022

COWES BAPTIST CHURCH

FINANCIAL STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2021

STATEMENT OF FINANCIAL ACTIVITIES 2021

Receipts
Donations
Investment Income
Other Sources of Income
Payments
Church Activities
Given to other
causes
Management & Administration
Rent/maintenance
Loan Repayment
Church Community Worker
Surplus for the
year
Balance b/f 1/1/21
Transfer
Balance C/ Fwd 31/12/21		 General
Fund
Building
Fund
Toddlers
Church
Community
Worker
Total
2021
Total
2020
55,586.93
120.00
55,706.93
57,331
4.41
4.41
96
555.00 17,400.00 1,281.38
19,236.38
926
56,146.34 17,520.00 1,281.38
0.00 74,947.72
58,353
44,912.16
248.07
45,160.23
17,758
4,088.02
4,088.02
3,836
3,665.52
3,665.52
2,740
13,743.67
13,743.67
15,370
0.00
0.00
13,350
52,665.70 13,743.67
248.07
0.00 66,657.44
53,054
3,480.64
3,776.33 1,033.31
0.00
8,290.28
5,299
32,192.03
-3,274.21
15,942.40 44,860.22
39,561
35,672.67
502.12 1,033.31
15,942.40 53,150.50
44,860

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COWES BAPTIST CHURCH

FINANCIAL STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2021

GENERAL FUND RECEIPTS AND PAYMENTS ACCOUNT

Note
Receipts
Offerings
Donations and other income
2
Income tax recovered on gifts
Bank Interest
Contributions for use of premises
Sub Total
Raised for other causes
3
Payments
Ministry
4
Upkeep of church premises
5
Given to other causes
6
Administration
7
Other Expenses
8
Outreach
9
Surplus/ Deficit for the year
Balance brought forward 1/1/21
Transfer to Building Fund
Balance carried forward 31/12/21		 2021
37,806.30
9,446.03
7,600.14
4.41
555.00
55,411.88
734.46
56,146.34
35,682.26
7,122.85
4,088.02
3,665.52
102.36
2,004.69
52,665.70
3,480.64
32,192.03
35,672.67

**35,672.67 **

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COWES BAPTIST CHURCH: NOTES TO THE ACCOUNTS

1. Basis of accounts: These accounts have been prepared on a 'receipts and payments' basis and accord with S.42(3) charities act 1993 ( Amended by section 28 of the Charities Act 2006)

2.Donations and other income
Donations
HIWCF
Cowes Community Church
For Hampers
Funeral Fees
In memory of M Brinton
Christmas Tree ( 2 Years)
Gingerbread House Evening
Other
3. Raised for other causes
Baptist Missionary Society
Operation Agri
Cowes Community Youth Worker
Christian Aid
Frontline

4. Ministry
Ministers Stipend
Pension
Travel
Visiting Speakers
Manse Upkeep - Council Tax
Insurance
Water
Repairs
5. Upkeep of Church Premises
Lighting & Heating
Cleaning
Insurance
Water
Repair & Maintenance
Equipment		 2021
100.00
7,849.00
199.00
636.33
500.00
161.70
9,446.03
8.81
430.65
295.00
734.46
24,500.04
6,773.40
145.80
251.90
3,198.94
398.72
249.85
163.61
35,682.26
1,000.67
132.90
1,905.22
358.56
3,715.97
9.53
7,122.85		 2020
1,739
1,786
500
205
199

13
4,442
50
696
10
50
806
6,000
3,480
190
862
462
177
971
12,142
1,233
32
1,899
376
1,502
16
5,058

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COWES BAPTIST CHURCH: NOTES TO THE ACCOUNTS

6. Given To Other Causes
Home Mission
Baptist Missionary Society
Operation Agri
Community Youth Worker
Latin Link ( R Gardner)
Youth For Christ
Frontline
Benevolent
Christian Aid
7. Administration
Printing & Stationery, Books etc.
Telephone
Subscriptions & Conference Fees
Payroll Fees
Independent Examiner
Zoom Fees/Website
CCLI
Mobile Phone
Other
8. Other Expenses
Catering
9. Outreach
Gingerbread House Evening
Gifts for homes/hampers
Christmas Tree etc ( two years)
Bioblitz
Other		 2021
1,200.00
1,200.00
430.65
58.00
500.00
180.00
475.00
44.37
4,088.02
1,356.89
144.00
764.74
177.00
150.00
158.29
322.83
327.24
264.53
3,665.52
102.36
102.36
155.27
107.62
1,485.00
200.00
56.80
2,004.69		 2020
1,200
1,200
696
500
180
50
10
3,836
1,286
145
640
174
150
151
84
109
2,739
37
37
201
320


521

9

BUILDING FUND RECEIPTS AND PAYMENTS ACCOUNT

2021
Receipts
Donations
120.00
Manse Rent ( Baring Rd)
17,400.00
17,520.00
Payments
Maintenance /Refurbishment of Manse
318.67
12,370
Rent ( Crossfield Ave)
12,000.00
3,000
Rental Expenses
1,425.00
13,743.67
3,776.33
Balance brought forward 1/1/21
-3,274.21
Transfer from General Fund
Balance carried forward 31/12/21
502.12
CHURCH / COMMUNITY WORKER RECEIPTS AND PAYMENTS ACCOUNT
Receipts
Funding
Payments
Salary and other costs

balance b'fwd 1/1/2021
15,942.40
Balance c/fwd 31/12/2021
15,942.40		 2020
120
1950
2,070

15,370
-13,300
26
10,000
-3,274
11,957
13,351
-1,394
17,336
15,942

TODDLERS RECEIPTS AND PAYMENTS ACCOUNT

Receipts
Balance from toddlers accounts
Fees
Payments
Running Expenses

Balance brought forward 1/1/21
Balance carried forward 31/12/21		 2021
2020
935.62
345.76
1,281.38
248.07
1,033.31
1,033.31

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COWES BAPTIST CHURCH

STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2021

ASSETS
Barclays Current account
COIF Deposit Account
Petty cash
Toddlers petty cash
Representing balances on the following
accounts
General Fund
Building Fund
Church / Community Worker
Toddlers		 2021
15,756.15
37,192.27
38.79
163.29
53,150.50
35,672.67
502.12
15,942.40
1,033.31
53,150.50		 2020
7,602
37,188
70
44,860
32,192
-3,274
15,942
44,860

Non-Monetary Assets

The church is the beneficial owner ( subject to the relevant trusts) of the following assets, the legal title to which is held by the church's custodian trustee [the Baptist Union Corporation Ltd].

Church Premises [Insured value]
Church Manse [Insured value]
The church also owns fixtures, furniture and
equipment with an insured value of		 1,764,347
287,075
106,215
2,157,637

Long Term Liabilities:

Pension Scheme Liabilities

The Church is an employer participating in a pension scheme known as the Baptist Pension Scheme (“the Scheme”), which is administered by the Pension Trustee (Baptist Pension Trust Limited). The Scheme is a separate legal entity and the assets of the Scheme are held separately from those of the Employer and the other participating employers.

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Benefits in respect of Service prior to 1 January 2012 are provided through the Defined Benefit (DB) Plan within the Scheme. The Scheme, previously known as the Baptist Ministers’ Pension Fund, started in 1925, but was closed to future accrual of defined benefits on 31 December 2011.

The church makes a payment in respect of the DB scheme deficit each month as set out in the Schedule of Contributions. During 2021 the church made monthly contribution of £307.95 Annually the contributions will increase in line with increases in Minimum Pensionable Income. The Schedule of Contributions foresees these contributions continuing until 30[th] June 2026

The Church has been advised that the estimated employer debt for Cowes Baptist Church as at November 2021 is £36,600.

The accounts and statement of assets and liabilities set out on pages 1 to 7 relating to the year ending 31 December 2021 are approved by the deacons

Tracey Dancy [Secretary]

Elaine Cherry [ Treasurer]

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