OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2020-12-31-accounts

Whaddon Way Church (ANGLICAN/BAPTIST) Beaverbrook Court, Whaddon Way, Bletchley, Milton Keynes, MK3 7JS

and Annual Report Financial Statement

for the year ended 31 December 2020

Charity Reference Number:

1144502

Annual Report 2020 FINAL - signed on original [1]

Reference and Administrative Details

Name of the Charity:

Whaddon Way Church

Address:

Beaverbrook Court, Whaddon Way, Bletchley, Milton Keynes, MK3 7JS

Charity Reference Number: 1144502

Minister:

Reverend Steve Summerfield (up to June 2020)

Trustees:

Up until January 2020 Ms Rita James (Chair) Mrs Kara Gander Mr Enock Kiprono

Appointed during 2020

From January - Mrs Kathy Scarborough (Chair) From January - Mr Geoff Hamilton (Secretary) From January - Mr David Miller (Treasurer) From June – Mr Philip Bates

Bankers:

CAF Bank Ltd, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 4JQ

Independent examiner:

Stephen Monico, FCA, DChA Steve Monico Ltd 19 Goldington Road, Bedford, MK40 3JY

Insurers:

Baptist Insurance Company plc, Beaufort House, Brunswick Road, Gloucester, GL1 1JZ

Annual Report 2020 FINAL - signed on original [2]

Charity Structure, Governance and Management

Structure

Whaddon Way Church is a single congregation Anglican/Baptist LEP. Its area of ministry is primarily within the parish of St Mary’s, Bletchley.

Governance and Management

A new constitution was adopted in October 2011 and entered in the Register of Charities with the Charity Commission on 2nd November 2011. Subsequently small revisions were made to provide for additional trustees and methods of appointment of a Minister and Trustees. The constitution provides for two Trustees to be appointed from St Mary’s Church, to reflect the fact that Whaddon Way Church is an LEP.

The constitution articulates how the church will ensure that the Trustees carry the ultimate legal responsibilities for decision-making, whilst the church meeting continues to provide a vehicle for all members to vote on the issues that have to be dealt with.

Whaddon Way Church – Officers from June 2020

Statutory Office Holders

Minister Reverend Steve Summerfield (up to June 2020) Treasurer David Miller Accounts Examiner Stephen Monico, FCA, DChA Church Warden Vacant DBS Verifier Kathy Scarborough Safeguarding Officers Keith Gibbs, plus vacancy (or Rita?) Health and Safety Officer Fiona Davis

Group Leaders

Overseas and Home Missions Support Angela Miller Maintenance & Infrastructure (Buildings) Ken Pitkethly Children and Youth Sue Bates Communications Vacant Community Engagement Sue Gibbs Pastoral & Prayer Sue Gibbs/ Kathy Scarborough Finance David Miller Lettings Keith Gibbs Grant Applications Pat Thomas

Annual Report 2020 FINAL - signed on original [3]

Post Holders

Administrator (part time) Matthew Maunder Copyright Recorder Geoff Hamilton Care Line Co-ordinator Joy Arnold Technical Manager Paul Davis Catering Thelma Warner Music Co-ordinator Geoff Hamilton Deanery Synod Rep Ken Pitkethly Mission Partnership Rep Linda Winstanley Authorised Person for Marriages Joy Arnold Deputy Authorised Person Jane Entwistle

Objectives

Whaddon Way Church has a statement of how the church aims to express relationship with God, relationships with each other, and with the wider community, local, national and international.

In our spiritual lives we will:

Listen to Jesus; praise and adore Him; share all that He has said and done.

In our church family we will:

Pray for one another; love one another; give practical support to one another.

In our community and the world we will:

Share the love of Jesus; spread the word of Jesus; serve with the hand of Jesus.

We will do this by:

Challenging injustice; respecting the environment and working for peace; sharing our gifts, talents and resources; developing loving relationships.

Activities and Public Benefit

As well as providing regular worship services for the local community and funerals, the church provided activities which demonstrate public benefit in different ways.

Annual Report 2020 FINAL - signed on original [4]

Time for You - A regular drop-in morning/lunch time social group for (mostly) older adults, providing companionship and opportunities to read a newspaper, play board games, listen to a speaker, and go on summer outings, etc.

Living Stones – Providing educational support for adults with dyslexia and learning difficulties to help them learn to read and to develop their numeracy skills.

Pebblestones – Providing similar support for young people with dyslexia and learning difficulties.

Noah’s Ark – A weekly group for parents/carers and their babies and toddlers, providing opportunities for play, craft activities, listening to stories and eating healthy snacks.

The financial records for West Bletchley Community Projects are shown consolidated with those for the main church funds, but grantor’s requirements are being met by retaining a separate fund.

Achievements and Performance

Impact of Covid 19 on Activities

Annual Report 2020 FINAL - signed on original [5]

Premises

LEP, Ministry and Leadership Developments

Following the decision in December 2019 that the Minister would leave at the end of June 2020, the newly-elected trustees have had meetings with the leadership of St Mary’s Bletchley to discuss the future relationship between the churches and the support that St Mary’s might be able to offer to Whaddon Way both in the short-term and, potentially, in the longer term. Revd Tim Edworthy, Minister of Well Street United Church, Buckingham, was also appointed as (Baptist) Moderator.

Since the spring, St Mary’s has provided preaching support for two Sundays per month. It is also proposed that St Mary’s provides one person to become a Whaddon Way trustee, and that the arrangement is reciprocated with one person from Whaddon Way becoming a member of the St Mary’s PCC. Options for ministry in the longer term are being explored with St Mary’s and with our Moderator. The recruitment of either an Anglican or Baptist minister may be available to us. Proposals for a second phase of longer-term support from St Mary’s have been shared with church members.

Consideration of the future status of the LEP has not been the primary focus of these discussions but decisions taken resulting from them will inform the way forward with regards to the LEP.

Membership

Attendance at church services has fallen back as a result of some of the difficulties mentioned above, although we have still enjoyed welcoming a few new regular attendees.

Number of Members at 31st December 2020: -- 63

Financial review

COVID 19

The effect of Covid on donations has been very small. The majority of our members donate by standing order, and this income stream has continued. Those who give using the envelope system have mostly provided cheques instead, meaning that the only loss has been 9-months’ worth of the loose collection, estimated at between 3 and 4% of the total donations we would expect to have received in 2020.

Lettings income has reduced more significantly, and finished the year more than 60% below budget, though the rent income from the manse has more than offset that loss.

Regular expenditure has been lower than budgeted due to the building being out of use for more than half of the year, although we took the opportunity to carry out maintenance that would have been disruptive in normal times.

UNRESTRICTED FUNDS

The departure of our Minister in June had a considerable impact on our financial position. In the first half of the year Unrestricted expenditure exceeded income by £10k, but in the second half of the year the reverse was the case and our General Fund value increased by £10k. This was

Annual Report 2020 FINAL - signed on original [6]

helped not only by saving on salary costs but on being able to rent out the manse as mentioned elsewhere in the report.

During the year we received a large Unrestricted grant of £75k, following the closure and sale of a nearby village Baptist Church, which has strengthened our free reserves considerably. We have set aside two sums from this, in Designated funds, one (£7.5k) to fund some more water borehole drilling in Uganda, and the other (initially £5.4k) to fund the first year’s Café on the Way project.

RESTRICTED FUNDS

MP Wilderspin Fund

We received a large legacy, £48.9k, from a long-term financial supporter of the church, in the form of a Restricted Grant to finance a major upgrade to our AV systems and to the Stage area of the main hall.

Building Fund

The last loan from a member for the re-building project in 2012 was converted to a gift during 2020. In the early part of the year a few further donations were received into this fund which has left a year-end balance of £1.2k which we will use towards future building refurbishment which may become necessary.

Winter Night Shelter Fund

We received new donations totalling £50 towards this fund during the year. Expenditure for year was only £220, because we allocated all claims for food purchases to the Food Projects Fund. As a result, the year-end balance was still £1,716.

We reclaimed no expenses from Winter Night Shelter MK in 2020.

Food Projects

We used this fund once again for the food purchased for the Winter Night Shelter residents spending £382 in the year, leaving £983.

Living Stones Fund

The software licence renewals for 2020 used up the remaining funds, and we will pay for these out of normal church funds in future years if no new grants are forthcoming.

FIXED ASSETS

The values shown for the buildings increased following the five-year review conducted in 2018 by our insurer, which involved a site visit by their surveyor. The figure has increased in line with the sum insured since that survey.

LIABILITIES

As mentioned earlier in this report the last loan from a member for the re-building project in 2012 was converted to a gift during 2020. There are now no loans outstanding from any sources.

See also the paragraph regarding the Baptist Pension Scheme below.

Risk Management

The Church has agreed policies for Safeguarding and health and safety guidelines which are communicated to users. Training for Safeguarding is arranged for all appropriate regular volunteers.

The financial risks we face and our approach to mitigating these are as follows:

Annual Report 2020 FINAL - signed on original [7]

BAPTIST PENSION SCHEME LIABILITY

The Scheme has been subject to a substantial deficit for a number of years. Steps have been taken by the BU to address this - the “Family Solution” - which have included a large injection of cash from BU reserves. The church continues to pay deficit contributions. The estimated debt attributed to our church, having reduced significantly in 2019 as a result of the measures taken, has reduced a little further to £26.1k at the end of 2020 compared with £27.3k at the end of 2019. The BU Family Solution aims to bring forward the elimination of the deficit to 2026.

QUALITY AND ACCURACY OF FINANCIAL INFORMATION

The accounts are updated as transactions occur. Every month the accounting records are reconciled with the bank accounts, and total fund values are reconciled with these. A summary report is normally provided to Trustees after each month end and a more detailed report at the end of each quarter.

ADEQUACY OF RESERVES

The Reserves Policy is normally reviewed at the annual budget meeting. At the meeting for agreeing the budget for 2021, so much uncertainty existed that we set an outline budget only, with the costs of employing a new minster not included, the recruitment of one deemed an unlikely scenario during 2021. With regular income currently exceeding expenditure, we have been advised to allow our reserves to accumulate in the short term.

ADEQUACY OF INSURANCE COVER

Our insurer undertook a 5-year re-valuation of our building and contents during 2018, and the insurance cover was increased accordingly and has risen in line with inflation subsequently.

DEPENDENCY ON SOURCES OF INCOME

In the short term the risk of a significant drop in donations from members, or from lettings, would seem to be quite low. In the medium to long term we face a similar situation to many churches and charities as a relatively large proportion of our financial support comes from older members, and the next generation is both smaller in number and frequently less wealthy.

In common with other churches of our size we are fairly reliant on a small number of generous members, with 45% of the donations coming from the top five donors and 69% coming from the top ten (of whom half are over the age of 70), both of these percentages being higher than in 2019.

FINANCIAL CONTROLS

The last review of our financial controls was undertaken in March 2019.

Annual Report 2020 FINAL - signed on original [8]

Whaddon Way Church

1144502

CC16a

Receipts and payments accounts

For the period from 01-Jan-20 to 31-Dec-20

Section A Receipts and payments Section A Receipts and payments

Unrestricted Funds

to the nearest £

Restricted Endowment Total Funds Last Year Funds Funds to the nearest £ to the nearest £ to the nearest £ to the nearest £

A1 Receipts

Fundraising 19 19 96
Standing Orders 33,158 120 33,278 37,531
Donations 7,559 250 7,809 13,669
Legacies -
Loans converted to gifts 3,250 3,250 3,250
Grants 75,104 48,899 124,003 -
Gift Aid and GASDS 10,139 305 10,444 11,606
Venue Hire 3,892 3,892 10,977
Manse Rent 8,400 8,400
Other income 202 202 1,463
Sub total 138,472 52,824 191,297 78,592
A2 Asset and investment sales -
-
-
-
-
-
-
-
-
-
-
-
- -
- -
Sub total - -
Total Receipts
138,472 52,824 - 101,297 78,592

A3 Payments

A3 Payments
Salaries and employment costs 24,595 24,595 37,304
Ministry costs 1,768 876 2,644 6,491
Grants 10,680 10,680 9,580
Admin and office costs 6,000 60 6,060 2,871
Insurance* 1,822 1,822 1,780
Energy and water costs 3,408 3,408 4,588
Other premises costs 17,077 21,332 38,409 7,907
Fundraising expenses -
*LY now includes Manse Insurance -
Sub total 65,349 22,268 87,617 70,520

A4 Asset and investment purchases

Loan repayments - capital 3,000
Loans converted to gifts 3,250 3,250 3,250
Sub total 3,250 3,250 6,250
Total payments 65,349 25,518 90,867 76,770
Net of receipts/(payments) 73,123 27,306 - 100,430 1,822
A5 Transfers between funds -85 85 - - -
A6 Cash funds last year end 28,412 7,519 35,931 34,108
Cash funds this year end 101,450 34,911 136,360 35,931

Annual Report 2020 FINAL - signed on original [9]

Section B Statement of assets and liabilities at the end of the period

B1 Cash funds
B2 Other monetary assets
B3 Investment assets
B4 Assets retained for the
charity’s own use
B5 Liabilities
Signed by one or two trustees
on behalf of all the trustees
Details
CAF Main Account
CAF General Account
CAF Building account
BU 3-month notice Account
BU 1-year Deposit Bond
Petty Cash
Petty Cash (Friday Frenzy Club)
CAF Account - WBCP
Petty Cash (Time for You)
Total cash funds
Details
Details
Details
Church building (insurance value)
Manse (insurance value)
Church furniture
Office equipment
Kitchen equipment
Musical instruments
Sound and projection equipment
Details
Signature
Signed on original
Signed on original
Unrestricted
funds
to nearest £
33,574
2,796
65,021
59
101,450
Unrestricted
funds
to nearest £
Fund to which
asset belongs

Fund to which
asset belongs
General
General
General
General
General
General
General
Fund to which
liability relates
Print na
Signed on original Kathleen Scarborough
Signed on original David Miller

Annual Report 2020 FINAL - signed on original [10]

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/
members of
On accounts for the year
ended
Set out on pages
Whaddon Way Church Whaddon Way Church Whaddon Way Church
31stDecember 2020 Charity no
(if any)
1144502
9 to 10

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 / 12 / 2020

Responsibilties and As the charity's trustees, you are responsible for the preparation of the basis of report 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 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 I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives 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 accounts to be reached.

Date: 27 May 2021 Signed: Name: STEPHEN MONICO FCA DChA Relevant professional CHARTERED ACCOUNTANT (ICAEW) qualification(s) or body (if any): Address: 19 GOLDINGTON ROAD, BEDFORD, MK40 3JY

Annual Report 2020 FINAL - signed on original [11]

Section B Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose .

Annual Report 2020 FINAL - signed on original [12]