Annual Report and Financial Statements for 2020
Loughton Baptist Church
92 High Road
Loughton
IG10 4QU
020 8508 6360 office@loughtonbaptistchurch.org.uk www.loughtonbaptistchurch.co.uk
Charity Registration Number 1144136
Loughton Baptist Church Annual Report for 2020
The trustees present their Annual Report and financial statements for 2020.
Trustees
The Revd D Johnson (Minister)
- January March
Mr R Denhard
Mrs C Orme
Mrs C Thomas
- March December
Rev A Beavis
Mr K Campbell
Mr C Rawlinson
Miss L Wilson
Property Trustees
The Baptist Union Corporation Limited Baptist House, 129 Broadway, Didcot, Oxfordshire OX11 8RT
Bankers
HSBC, 191 High Road, Loughton, IG10 4LN
Independent Examiner
Ms Charlotte Jenner
Structure, Governance and Management
The Charity is governed by an Approved Governing Document.
Members of the Church are accepted in accordance with the Constitution which requires them to make a public profession of their faith in Jesus Christ.
The Members Meeting normally takes place four times per year and has responsibility for the overall policy of the church. In accordance with the Constitution, the members appoint up to seven Trustees, who together with the Minister, are responsible for the day to day running of the church’s work and witness, and the financial and legal aspects of the charity. 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 the 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.
Objectives and Activities
The principal purpose of the charity is the advancement of the Christian faith according to the principles of the Baptist denomination to include the advancement of education, community service and such other general charitable purposes in such parts of the United Kingdom and the world as the Church shall determine.
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 aim is to
show the love of Jesus Christ in both word and deed and to bring people into a closer relationship with Him as living Lord.
Central to the work and witness of the Church is the provision of regular public services of Christian worship. These services take place each Sunday at 10.30am when there is also a children’s programme. After the service refreshments are available and fellowship encouraged. There are also occasional services at other times which are advertised on the Church Notice Board and the website at
www.loughtonbaptistchurch.org.uk . The church seeks to be a friendly and welcoming community and anybody is free to attend any of these services.
Other activities regularly run by the church for either the nurture and spiritual growth of the congregation or as service to our community are:
-
Bible study for the growth of faith and discipleship and also as an opportunity for fellowship.
-
Prayer meeting where members of the church meet together for prayer.
-
Toddler Group which meets in the Church premises on Wednesday mornings, with the purpose of assisting the community and demonstrating the love of Jesus Christ.
-
Art Club on Thursday afternoons, attended by individuals who are not currently Church members or worshipping with us. Our desire would be to form stronger links with them.
-
‘Golds’ – our monthly Lunch Club for retired people
-
Stroke Association group.
The Church also have their own Pre-School ‘Little Treasures’ onsite, this facility is available to children aged 2-5 years old. Throughout 2020 we had children from approximately 40 local families attending at least one session per week.
Our building is also used by many community groups throughout the week and by two other Christian Churches for worship services on Sundays.
The Church operates systems to ensure that all people working with children and vulnerable adults are appropriately vetted with regard to the Disclosure and Barring 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
The global pandemic had a huge impact on church life. We were able to continue our Sunday worship, prayer meeting and Bible study by using Zoom video conferencing. Most of our other activities and hirers have ceased for the majority of the year.
Financial Review
The Church continues to raise the funds which it needs to carry on its activities from within its own membership and through offering reasonably priced room hire to community groups. No wider public appeal was made for funds during the year.
The most significant annual expenses are staffing costs of both the Minister and Church Administrator and the upkeep of a church building that is in need of constant repairs and improvements.
The Church expressed its part in the life of the wider church by making grants to national and international Christian
organisations and societies with Christian aims and objectives compatible with the church’s own charitable purpose.
The Church is heavily dependent on its membership working as volunteers in all aspects of the church’s activities, many of which run with little or no impact on the church’s expenditure, but nevertheless contribute substantially to the achievement of the church’s objectives.
The financial results for the year, together with a summary of the accounting policies adopted are set out in the accompanying financial statements.
It should be noted that the surplus recorded for the financial year ending 2020 is exceptional. The Manse was let out when the then Minister took up another appointment so the church saved on Minister’s costs and received rental income from the Manse.
The church is a participating employer within the Defined Benefit section of the Baptist Pension scheme and has been making ongoing deficit payments to cover the costs of past service of its employees within the scheme under a recovery plan. The church understands that if it had left the scheme at the year-end, it would have to have made a one-off payment estimated to be £52,300 to meet its statutory obligations to the scheme. The church has no plan to leave the scheme and expects to continue to make payments to the scheme in line with the recovery plan.
Reserves Policy
The Trustees have established a Reserves Policy to enable the church to function effectively and meet its obligations in the event of a decline in our income or a major cost.
Having considered the relevant risks of changes in income and expenditure, the Trustees have determined that the appropriate level of reserves is in the range £35,000 to £37,000. The church is working towards this level and realises that it may take time to achieve.
| GeneralFund Receipts &PaymentAccount | ||||
|---|---|---|---|---|
| Note | 2020 | 2019 | ||
| Receipts Offerings lncome taxrecovered ongifts Rents and contributions fortheuseofpremises Manse rental lncome Donations andotherincome Building fund Mission / other causes Grants/Loan LittleTreasuresLoan Repayment TotalReceipts |
f t- 3f t 2f e 4E 5t Et |
30,51A.24 6,885.06 26,288.s0 25,868.00 12,848.04 1,440.00 2,329.00 24,628.00 130,796.84 |
L24,573.54 t 6,498.26 f45,940.00 f.27,667.05 E11,604.82 €1,440.00 t 1,000.00 €.6,670.00 f125,393.63 |
|
| Payments Ministry Otherworkers Mission ChurchMinistries Upkeep ofchurchpremises Manse Administration Loan Payments Payments to other causes Pension Deficit Bookings Refund (2019) |
6 7 I 9 10 11 |
€ t I f f t f t t f |
27,799.45 '14,004.80 2,741.90 1,118.50 57,259.68 10,077.59 5,471.90 4,150.00 1,610.00 2,723.58 |
120.00 t16,231.97 f19,725.35 f 2,917.14 f 431.25 t41,509.78 €4,060.13 t 5,900.00 t 530.00 t |
| lnsurance Claim Expenses Loan Repaymenr (LincolnAlms) TotalPayments |
f | 126,957.40 | 1,406,88 1,200.00 [94,032.50 Et |
|
| Netreceipts/ (payments)for the year | 3,839.44 | f31,361.13 | ||
| Transfers(to)/fromgeneralfund Balance brought forward Balancecarried forward |
t f t |
-4,655.44 41,714.77 845,550.21 |
10,349.64 41,710.77 Lt |
| 1Basis of Accounts: Theseaccountshave beenpreparedona oftheCharitiesAct2011 |
receipts and payments | basis and acc |
|---|---|---|
| 2020 | 2019 | |
| 2DonationsandOther lncome | ||
| Donations | 0 | 1825.00 |
| Legacies | 0 | 0 |
| MemorialGifts | 0 | 0 |
| Bank interest | 31.28 | 39.32 |
| Other lncome(detail if material) | 4,817.76 | 922.76 |
| lnsurance claims | 7,999.00 | 7746.03 |
| Variousrefunds | 1071.71 | |
| Total DonationsandOther lncome | 12848.44 | |
| 3UseofPremises | ||
| Pre School Rent | 12,000.00 | 10000.00 |
| Regular Bookings | 13,'156.00 | 34400.00 |
| OccasionalBookings | 912.50 | 410.00 |
| ChurchGroups | 220AA | 1130.00 |
| 26,288.50 | ||
| 4 Raisedforother causes | ||
| Hazelfuneral | 1'150.00 | |
| TrussellTrust | 745 | |
| Standbyme shoe appeal | 434 | |
| 2329 | 0 | |
| 5Grants andLoans | ||
| BA Carbon Fund - Solarpanel grant | 16,628.00 | 1000.00 |
| LTCToiletrefurbgrant | 3,000.00 | 0 |
| EFDCToiletrefurbgrant | 5,000.00 | 0 |
| f24,628.00 | 1000.00 | |
|---|---|---|
| 5Ministry | ||
| Minister's stipend | 13925.24 | 7863.22 |
| Pension Contribution | 4321.20 | 5815.94 |
| National lnsurance | 2510.24 | 1548.58 |
| Minister'sexpensesinc. travel | 232.78 | |
| Housing allowance | 6407.04 | |
| Telephone | 402.95 | 129.00 |
| Pulpit supplies | 0.00 | 180.00 |
| otherministry costs | 595.23 | |
| laptop | 0.00 | |
| conference | 100.00 | |
| TotalMinistry | 27799.45 | 16231.97 |
| 7Mission | ||
|---|---|---|
| Home Mission | 1200.00 | 1200.00 |
| BMSWorldMission | 631.73 | 402.14 |
| London BaptistAssoc | 215.00 | 215.00 |
| Baptiststogether | 95.17 | 100.00 |
| Stand by me | 600.00 | 1000.00 |
| 2741.90 | 2917.14 | |
| 8Church Ministries | ||
| Children's church | 434.29 | 43.85 |
| Worship | 621.23 | 144.56 |
| Pastoral 'Fund' | 22.00 | |
| ChurchDressing | 40.98 | 242.84 |
| 111850 | 431.25 | |
| 9 UpkeepofChurchpremises | ||
| Cleaning, Rubbish & Grounds | 5579.87 | 13992.21 |
| Cleaning materials | 238.89 | 0 |
| ChurchMaintenance | 42053.20 | 17476.23 |
| Gas/Electricity | 5365.13 | 5873.8 |
| Water | 15A.71 | 404.08 |
| lnsurance | 3871.88 | 3763.46 |
| 57259.68 | 41509.78 | |
| 10Manse | ||
| ManseWater | 0 | 62.00 |
| Manse Maintenance | 9691.83 | 1048.60 |
| Manse lnsurance | 367.76 | 347.93 |
| ManseCouncilTax | 0.00 | 402.04 |
| Manse Alarm/rental costs | 18.00 | 2199.60 |
| 10077.59 | ||
| {{Adminsitration | ||
| Salary costs | 12527.46 | |
| General Administration | 4296.33 | 5712.02 |
| Telephone andlnternet | 1067.75 | 796.01 |
| Subscriptions | 20.00 | 331.65 |
| Housekeeping | 67.45 | 262.97 |
| Publicity | 40.37 | 95.24 |
| 5491.90 | 19725.35 | |
| 12CurrentLiabilities | ||
| Chequeswrittenbutnotcashed | 1584.00 | 624.60 |
| Corinview retention-preschool | 11382.00 | 11382.00 |
| Corinview retention-manse | 9250.00 | 9250.00 |
| Total CurrentLiabilities | 22216.00 | 21256.64 |
| 13long-term Liabilities | ||
| Baptist Building FundLoan | 3s400.00 | 38350.00 |
| AlmsHousesLoan | 1700.00 | 2800.00 |
| Total Long-termLiabilities | 37100.00 |