Annual Report and Financial Statements
for the Year Ended 31 March 2021
Shoreham Baptist Church
Charity registration number: 1148191
Independent Examiners Ltd
2 Broadbridge Business Centre
Delling Lane
Bosham
Chichester
West Sussex
P018 8NF

SHOREHAM BAPTIST CHURCH
Contents
Reference and Administrative Details
Trustees, Report
2to4
Independent Examiner's Report
statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
8t018

SHOREHAM BAPTIST CHURCH
Reference and Administrative Details
Trustees
Chris Leggett
Mike Daintree
David Buck
Brian Hoad
Val Lynn
Denise Edwards
Will Mason (resigned 15 December 2020)
Charlty Registratlon
Number
1148191
Elders
Rev Ray Orr
David Rollins
John Lillywhite
Andrew Lincoln
Principal Office
Western Road
Shoreham by sea
West Sussex
BN43 5WD
Independent Examiner
G W Schulz ACMA
Independent Examiners Ltd
2 Broadbridge Business Centre
Delling Lane
Bosham
Chichester
West Sussex
P018 8NF
Bankers
HSBC
1-3 Warwick Street
Worthing
West Sussex
BNII 3DE
Page I

SHOREHAM BAPTIST CHURCH
Trustees, Report
The trustees present the annual report together with the financial statements of the
charity for the year ended 31 March 2021.
Structurei governance and management
Nature of governing document
Shoreham Baptist Church is a registered charity, number 1148191, and is constituted
under a Trust deed.
Oryanisational strurture
The Deacons act as Managing Trustees of the Church and are responsible to the Elders
for the day to day management of the Church. The Elders are responsible for the
spiritual leadership of the Church.
Risk Management
Under the Statement of Recommended Practice (SORP) regulations, the Deacons, as
Trustees, have completed an ongoing Risk Management review and have acted to
minimise all known risks.
Objectlves and actlvltles
Objects and aims
The principal object of the charity is the advancement of the Christian faith.
The purpose of the Church is to declare God's praise, develop Christian disciples and
demonstrate Christian love.
Public benefit
The trustees confirm that they have complied with the requirements of section 17 of the
Charities Act 2011 to have due regard to the public benefit guidance published by the
Charity Commission for England and Wales.
Achievements and performance
The Church has had a very different year due to the COVID -19 Pandemic. Sunday
services and various sections of the Church transferred to online facilities and continued
to provide a good service to all the members. As restrictions changed throughout the
year some activities reverted to 'in-person' format.
The Rev Ray Orr has continued as Minister.
Financial review
Pollcy on reserves
The Church maintains a Reserves Policy to ensure that the Church is able to continue on
good financial basis, meeting its financial commitments. The financial situation is
regularly reviewed by the Trustees.
Page 2

SHOREHAM BAPTIST CHURCH
Trustees, Report
Principal funding sources
The deficit made by the Trust in the year amounted to £17,166 (2020 deficit £35,004).
The Trustees note that the balance of £1,737,308 be carried forward as accumulated
reserves.
The Baptist Union are the custodial trustees of the church building used by the church
which is responsible for the maintenance and upkeep costs. The church building has
been included in fixed assets at the insured value of £1,700,000 and is being depreciated
at a rate of 20/0 x 500/0 x £1,700,000.
Going concern
After a serious look at our accounts and budget the Trustees believe that, with
adjustments we can safely move forward and 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.
Plans for future periods
Activities planned to achleve alms
The Church faced a long period of restrirted activity and service during the year past but
the Trustees are optimistic that a good measure of normality will soon return along with
old and new ministry activities. They do not expert any major changes to take place in
the coming year.
Page 3

SHOREHAM BAPTIST CHURCH
Trustees, Report
Statement of Trustees. Responsibilities
The trustees are responsible for preparing the trustees, report and the financial
statements in accordance with the United Kingdom Accounting Standards (United
Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities 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 of the charity for that period.
In preparing these financial statements, the trustees are required to..
selert suitable accounting policies and then apply them consistently.
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to any
material departures disclosed and explained in the financial statements. and
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 that disclose with
reasonable accuracy at any time the financial position of the charity and enable them to
ensure that the financial statements comply with the Charities Act 2011, the applicable
Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The
trustees 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.
The annual report was approved by the trustees of the charity on 7 June 2021 and
signed on its behalf by..
Denise Edwards
Trustee
Page 4

SHOREHAM BAPTIST CHURCH
Independent Examiner's Report to the trustees of Shoreham
Baptist Church
report to the charity trustees on my examination of the accounts of the charity for the
year ended 31 March 2021 which are set out on pages 6 to 18.
Respective responsibilities of trustees and examiner
As the charity's trustees of Shoreham Baptist Church you are responsible for the
preparation of the accounts in accordance with the requirements of the Charities Act
2011 ('the Act,).
report in respect of my examination of the Shoreham Baptist Church'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(51{b) of the Act.
Independent examiner's statement
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..
l. accounting records were not kept in respect of Shoreham Baptist Church as required
by section 130 of the Act. or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting 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.
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.
G W Schulz ACMA
Independent Examiners Ltd
2 Broadbridge Business Centre
Delling Lane
Bosham
Chichester
West Sussex
P018 8NF
7 June 2021
Page 5

SHOREHAM BAPTIST CHURCH
statement of Financial Activities
for the Year Ended 31 March 2021
Unrestricted Restricted
funds
funds
Total
2021
Total
2020
Note
Income and Endowments from:
Donations and legacies
Charitable activities
Investment income
87,385
3,275
29
2,396
8,009
89,781
11,284
33
116,393
18,776
117
Total income
101 098
135 286
Expenditure on:
Charitable activities
100 915
118 264
170 290
Total expenditure
100 915
118 264
170 290
Net expenditure
Net movement in funds
(10,226)
(6,9401
(17,166)
(35,004)
Reconciliation of funds
Total funds brought
forward
1 621 259
133 215
1 754 474
1 789 478
Total funds carried
forward
13
1 611 033
126 275
1 737 308
1 754 474
The notes on pages 8 to 18 form an integral part of these financial statements.
Page 6

SHOREHAM BAPTIST CHURCH
Balance Sheet
as at 31 March 2021
2021
2020
Note
Fixed assets
Tangible assets
1,730,147
1,750,503
Current assets
Debtors
Cash at bank and in hand
13,952
19,194
81,097
80,576
Creditors: Amounts falling due within one year io
Net current assets
Total assets less current liabilities
1,808,591
1,828,426
Creditors: Amounts falling due after more than
one year
li
Net assets
1 737 308
1 754 474
Funds of the charity:
Restricted income funds
Restricted funds
126,275
133,215
Unrestricted income funds
Unrestricted funds
1 611 033
1 621 259
Total funds
13
1 737 308
1,754 474
The financial statements on pages 6 to 18 were approved by the trustees, and
authorised for issue on 7 June 2021 and signed on their behalf by..
IIJ.
Denise Edwards
Trustee
The notes on pages 8 to 18 form an integral part of these financial statements.
Page 7

SHOREHAM BAPTIST CHURCH
Notes to the Financial Statements
for the Year Ended 31 March 2021
l Accounting policies
statement of compliance
The financial statements have been prepared in accordance with 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 l January 2015) - (Charities SORP
{FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
Shoreham Baptist Church meets the definition of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised at historical cost or transaction value unless
otherwise stated in the relevant accounting policy notes.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability
to continue as a going concern.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core
funding or are of a general nature is recognised when the charity has entitlement to the
income, it is probable that the income will be received and the amount can be measured
with sufficient reliability.
Donations and legacies
Donations and legacies are recognised on a receivable basis when receipt is probable and
the amount can be reliably measured.
Gift aid
Income tax recoverable in relation to donations received under Gift Aid or deeds of
covenant is recognised at the time of the donation.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that
expenditure, it is probable settlement is required and the amount can be measured
reliably. All costs are allocated to the applicable expenditure heading that aggregate
similar costs to that category.
Page 8

SHOREHAM BAPTIST CHURCH
Notes to the Financial Statements
for the Year Ended 31 March 2021
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its
activities and services for its beneficiaries. It includes both costs that can be allocated
directly to such activities and those costs of an indirect nature necessary to support
them.
Tangible fixed assets
Individual fixed assets costing £500 or more are initially recorded at cost, less any
subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation,
less any estimated residual value, over their experted useful economic life as follows:
Asset class
Freehold property
Computer equipment
Depreciation method and rate
20/0 Straight line on building only
250/0 reducing balance
Trade debtors
Trade and other debtors are recognised at the settlement amount after any trade
discount offered. Prepayments are valued at the amount prepaid net of any trade
discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other
short-term highly liquid investments that are readily convertible to a known amount of
cash and are subject to an insignificant risk of change in value.
Liabilities
Liabilities are recognised when there is an obligation at the Balance sheet date as a
result of a past event, it is probable that a transfer of economic benefit will be required
in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the charity anticipates it will pay to settle
the debt or the amount it has received as advanced payments for the goods or services
it must provide.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees's
discretion in furtherance of the objectives of the charity.
Designated funds are unrestricted funds set aside for specific purposes at the discretion
of the trustees.
Page 9

SHOREHAM BAPTIST CHURCH
Notes to the Financial Statements
for the Year Ended 31 March 2021
Restricted income funds are those donated for use in a particular area or for specific
purposes, the use of which is restricted to that area or purpose.
Pensions and other post retirement obligations
The charity operates a defined contribution pension scheme which is a pension plan
under which fixed contributions are paid into a pension fund and the charity has no legal
or constructive obligation to pay further contributions even if the fund does not hold
sufficient assets to pay all employees the benefits relating to employee service in the
current and prior periods.
Contributions to defined contribution plans are recognised in the Statement of Financial
Activities when they are due. If contribution payments exceed the contribution due for
service, the excess is recognised as a prepayment.
2 Income from donatlons and legacles
Unrestricted funds
Designated General
Restricted
funds
Total
2021
Total
2020
Donations and legacies;
Donations
Gift aid reclaimed
Grants, including capital
grants;
Government grants
192
71,361
13,952
2,396
73,949
13,952
97,199
19,194
192
116 393
3 Income from charitable artivities
Unrestricted
funds
General
Restricted
funds
Total
2021
Total
2020
Fees, grants and
subscriptions
other income
8,009
8,009
17,144
Page 10

SHOREHAM BAPTIST CHURCH
Notes to the Financial Statements
for the Year Ended 31 March 2021
4 Investment income
Unrestrirted
funds
General
Restrlcted
funds
Total
2021
Total
2020
Interest receivable and
similar income-
Interest receivable on
bank deposits
29
33
117
Page 11

SHOREHAM BAPTIST CHURCH
Notes to the Financial Statements
for the Year Ended 31 March 2021
5 Expenditure on charitable activities
Unrestricted funds Restricted
Designated General
funds
Total
2021
Total
2020
Note
Preachers and
speakers
Books and
resources
75
15
Subscriptions
and conferences
Youth and
children's work
Special events
Tithes and
donations
CAP expenses
College fees
Insurance
Telephone
Printing and
Stationery
Postage and
sundries
Room hire
Building
maintenance
Equipment
maintenance
Light and heat
Rates and water
1,152
1,152
1,320
243
181
424
315
4,264
4,293
315
16,188
5,500
259
3,015
579
2,376
8,713
18,564
14,213
259
3,015
579
24,726
12,199
859
3,090
805
897
23
920
1,165
176
210
2,780
2,780
7,580
1,265
1,798
3,003
66
144
1,265
1,798
3,003
66
144
1,874
4,030
2,915
676
144
Cleaning
Professional fees
Mortgage
interest
Independent
examination
Depreciation
staff costs
506
2,726
3,232
3,511
1,500
17,026
1,500
20,356
2,100
20,364
3,330
315
100 600
118 264
170 290
Page 12

SHOREHAM BAPTIST CHURCH
Notes to the Financial Statements
for the Year Ended 31 March 2021
6 Trustees remuneration and expenses
During the year, l Trustee received remuneration amounting to £5,441 (2020 - £2, 562).
During the year, expenses totalling £3,513 were reimbursed or paid directly to 2
Trustees (2020 - 5 Trustees £2,209) for expenses incurred on behalf of the charity.
7 Staff costs
The aggregate payroll costs were as follows..
2021
2020
staff costs during the year were:
Wages and salaries
Pension costs
41,579
70,851
The monthly average number of persons (including senior management team) employed
by the charity during the year expressed as full time equivalents was as follows..
2021
No
2020
No
Employees
No employee received emoluments of more than £60,000 during the year
Page 13

SHOREHAM BAPTIST CHURCH
Notes to the Financial Statements
for the Year Ended 31 March 2021
8 Tangible fixed assets
Land and
buildings
Computer
equipment
Total
Cost
At l April 2020
1 885 000
6 675 1 891 675
At 31 March 2021
1 885 000
6 675 1 891 675
Depreciation
At l April 2020
Charge for the year
At 31 March 2021
83,600
6,572
26
90,172
154 930
161 528
Net book value
At 31 March 2021
1,730 070
77 1 730 147
At 31 March 2020
1,801,400
103 1,801,503
The freehold property at 18/19 Buckingham Mews, Shoreham by Sea was purchased
during 1995 at a cost of £91,500. In September 2000 it was professionally revalued at
£185,000, and this amount is included in the accounts as its deemed cost under the new
accounting framework. The building portion of the valuation, £166,500, is depreciated at
the rate of 2010 per annum.
The Church property at IA Western Road,Shoreham by Sea, has been included in fixed
assets at its insured value of £1,700,000. The building portion of the building estimated
at half of the total is being depreciated over 50 years.
9 Debtors
2021
2020
Accrued income
10 Creditors: amounts falling due within one year
2021
2020
Bank loans
Accruals
1,693
960
1,693
960
Page 14

SHOREHAM BAPTIST CHURCH
Notes to the Financial Statements
for the Year Ended 31 March 2021
11 Creditors: amounts falling due after one year
2021
2020
Bank loans
12 Pension and other schemes
Defined contribution pension scheme
The charity is an employer participating in a pension scheme known as the Baptist
Pension Scheme ("the Scheme"), The Scheme is a separate legal entity which is
administered by the Pension Trustee (Baptist Pension Trust Limited). The pension cost
charge for the year represents contributions payable by the charity to the scheme and
amounted to £3,100 {2020 - £3,048).
Page 15

SHOREHAM BAPTIST CHURCH
Notes to the Financial Statements
for the Year Ended 31 March 2021
13 Funds
Balance at
l April
2020
Balance at
31 March
2021
Incoming
resources
Resources
expended
Unrestricted funds
General
General Funds
1,596,240
90,497
(100,600)
1,586,137
Designated
Reserve Funds
Small Designated Funds
18,500
18,500
192
315
192
315
Total unrestricted funds
1 621 259
90 689 1 611 033
100 915
Restricted funds
Children and Youth Group
Open house
Messenger Choir Fund
Building Fund
Christians Against Poverty
Gift towards mortgage
repayment
Bosnia work and child
support
913
139
193)
188)
123)
(3,330)
(8,713)
820
70
19
255
232
120,247
8,935
116,917
8,236
8,014
2,726
(2,726)
133 215
126 275
Total funds
1 754 474
101 098
118 264
1 737 308
Page 16

SHOREHAM BAPTIST CHURCH
Notes to the Financial Statements
for the Year Ended 31 March 2021
Balance
at31
March
2020
Balance
at l April Incoming Resources
2019
resources expended Transfers
Unrestricted funds
General
General Funds
1,606,087
102,664
(112,141)
(370) 1,596,240
Designated
Reserve Funds
Small Designated
Funds
18,500
18,500
769
370
370
Total unrestricted
funds
1 625 356
111 976
116 073
1 621 259
Restricted funds
Shekinah Playgroup
Children and Youth
Group
Open house
Messenger Choir Fund
Building Fund
Christians Against
Poverty
Gift towards mortgage
repayment
Bosnia work and child
support
26,280
5,774
{32,054)
59
163
2,085
453
{1,231)
(477)
(3,661)
(3,330)
913
139
684
3,232
255
123,577
120,247
7,122
8,012
{6,199)
8,935
6,237
{3,511)
2,726
164 122
133 215
Total funds
1 789 478
135 286
170 290
1 754 474
Page 17

SHOREHAM BAPTIST CHURCH
Notes to the Financial Statements
for the Year Ended 31 March 2021
14 Analysis of net assets between funds
Total funds
at31
March
2021
Unrestricted
funds
General
Restricted
funds
Tangible fixed assets
Current assets
Current liabilities
Creditors over l year
1,615,077
69,892
(2,6531
115,070
11,205
1,730,147
81,097
(2,653)
Total net assets
1 611 033
126 275
1 737 308
Total funds
at31
March
2020
Unrestrlcted
funds
General
Restricted
funds
Tangible fixed assets
Current assets
Current liabilities
Creditors over l year
1,632,103
65,761
(2,6531
118,400
14,815
1,750,503
80,576
(2,653)
Total net assets
1 621 259
133 215
1 754 474
Page 18

Shoreham Baptist Church 31.03.2021 Final
accounts
Final ALJdil Report
2021-06-15
Created..
2021-06-15
By..
Gary Schulz 1gary@iel.org.ukl
Slalus..
Signed
Transaction ID..
CBJCHBCAABMzsONftHW2ve(ELpQbgn6LIIGVqQV43rg
"Shoreham Baptist Church 31.03.2021 Final accounts" History
Document created by Gary Schulz 1gary@iel.org.ukl
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P. Document emailed to Denise Edwards Idenise371 @blinternel.coml for signature
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Document e-signed by Denise Edwards Idenise371 @btintemet.coml
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