Derby Road Baptist Church
ACCOUNTS 2023
Registered Charity No 114871
DERBY ROAD BAPTIST CHURCH | DERBY ROAD, WATFORD, WD17 2LZ
Derby Road Baptist Church Watford - 1148711
Analysis of income and expenditure Selected period: 01 January 2023 to 31 December 2023
| Total | |||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Designated | Restricted | Endowment | This year | Last year | ||
| Income and endowments | |||||||
| Donations and legacies | |||||||
| I021 - Online Bank Donations | 59,720 | — | — | — | 59,720 | 55,148 | |
| I022 - Church Offerings | 3,707 | 200 | — | — | 3,907 | 1,652 | |
| I023 - Small Donations | 1,069 | — | — | — | 1,069 | 398 | |
| I024 - Donations for Assistant Pastor | — | — | 9,600 | — | 9,600 | 11,555 | |
| I025 - Unplanned Donations | 17,076 | — | 40 | — | 17,116 | 5,065 | |
| I026 - Restricted Donations | 250 | — | — | — | 250 | 50 | |
| I032 - HMRC Tax Claim | 16,740 | — | — | — | 16,740 | 14,648 | |
| Donations and legacies Totals | 98,562 | 200 | 9,640 | — | 108,402 | 88,516 | |
| Income from charitable activities | |||||||
| I031 - Hirers Rent | 19,646 | — | — | — | 19,646 | 16,377 | |
| Income from charitable activities | 19,646 | — | — | — | 19,646 | 16,377 | |
| Totals | |||||||
| Investments | |||||||
| I041 - Interest | 106 | 922 | — | — | 1,028 | 533 | |
| Investments Totals | 106 | 922 | — | — | 1,028 | 533 | |
| Other income | |||||||
| I033 - Other Income | 660 | — | — | — | 660 | 2,449 | |
| Other income Totals | 660 | — | — | — | 660 | 2,449 | |
| Income and endowments | 118,973 | 1,122 | 9,640 | — | 129,735 | 107,875 | |
| Grand totals | |||||||
| Expenditure | |||||||
| Expenditure on charitable activities | |||||||
| E001 - Church Special Activities | 449 | — | — | — | 449 | 1,128 | |
| E002 - Children and Youth Activities | 866 | — | — | — | 866 | 895 | |
| E003 - Visiting Ministers | — | — | — | — | — | 975 | |
| E004 - Evangelism and Open-Air | 427 | — | — | — | 427 | 542 | |
| E005 - Other Expenditure | 42 | 20 | — | — | 62 | 20 | |
| E006 - Parking | 75 | — | — | — | 75 | 75 | |
| E011 - Church Supplies and Catering | 1,340 | — | — | — | 1,340 | 1,367 | |
| E012 - Office Consumables and | 391 | — | — | — | 391 | 49 | |
| Equipment | |||||||
| E013 - Printing Services | 1,832 | — | — | — | 1,832 | 1,152 | |
| E014 - Subscriptions | 2,463 | — | — | — | 2,463 | 2,577 | |
| E015 - Internet and Communications | 792 | — | — | — | 792 | 514 | |
| E031 - Salaries and Pensions | 41,675 | — | 10,821 | — | 52,496 | 33,031 | |
| E032 - Life Insurance | 306 | — | — | — | 306 | 306 | |
| E033 - PAYE and NI | 9,435 | — | 1,883 | — | 11,318 | 6,345 | |
| E034 - Employees Expenses | 951 | — | 105 | — | 1,056 | 1,531 | |
| E035 - HMRC | — | — | — | — | — | 406 | |
| E071 - Church Insurance | 5,503 | — | — | — | 5,503 | 5,091 | |
| E072 - Church Gas | 4,487 | — | — | — | 4,487 | 2,863 | |
| E073 - Church Electricity | 2,223 | — | — | — | 2,223 | 1,559 |
There may be minor discrepancies in the totals if the pence are not being shown
27 August 2024 Page 1
| E074 - Church Water E075 - Church Maintenance E076 - Church Servicing E081 - Manse Electricity E082 - Council Tax E083 - Manse Gas E084 - Manse Water E085 - Manse Insurance E086 - Manse Maintenance E091 - Watford Tabernacle Trust E092 - Mission Donations E093 - Training and Conferences Expenditure on charitable activities Totals Expenditure Grand totals |
Unrestricted Designated Restricted Endowment Total This year Last year |
|---|---|
| 272 — — — 272 209 10,455 — — — 10,455 7,636 1,348 — — — 1,348 2,952 1,111 — — — 1,111 1,117 3,069 — — — 3,069 2,928 992 — — — 992 1,251 616 — — — 616 565 556 — — — 556 543 1,150 — — — 1,150 18,110 1,035 — — — 1,035 844 — 16,554 270 — 16,824 13,700 123 1,179 — — 1,302 — |
|
| 124,817 93,985 17,753 13,080 — 110,281 |
|
| 93,985 17,753 13,080 — 110,281 124,817 |
There may be minor discrepancies in the totals if the pence are not being shown
27 August 2024 Page 2
Derby Road Baptist Church Watford - 1148711
Statement of Financial Activities
For the period from 01 January 2023 to 31 December 2023
| Unrestricted | Restricted | Endowment | Total | Prior year | |
|---|---|---|---|---|---|
| funds | funds | funds | funds | total funds | |
| Income and endowments from: | |||||
| Donations and legacies | 98,762 | 9,640 | — | 108,402 | 88,516 |
| Income from charitable activities | 19,646 | — | — | 19,646 | 16,377 |
| Investments | 1,028 | — | — | 1,028 | 533 |
| Other income | 660 | — | — | 660 | 2,449 |
| Total income | 120,095 | 9,640 | — | 129,735 | 107,875 |
| Expenditure on: | |||||
| Expenditure on charitable activities | 111,737 | 13,080 | — | 124,817 | 110,281 |
| Total expenditure | 111,737 | 13,080 | — | 124,817 | 110,281 |
| Gains / losses on investment assets | — | — | — | — | — |
| Net income / (expenditure) resources before transfer | 8,357 | (3,440) | — | 4,918 | (2,405) |
| Transfers | |||||
| Gross transfers between funds - in | 26,690 | 230 | — | 26,920 | 25,880 |
| Gross transfers between funds - out | (26,920) | — | — | (26,920) | (25,880) |
| Other recognised gains / losses | |||||
| Gains on revaluation, fixed assets, charity's own use | — | — | — | — | — |
| Net movement in funds | 8,127 | (3,210) | — | 4,918 | (2,405) |
| Reconciliation of funds | |||||
| Total funds brought forward | 45,864 | 4,757 | — | 50,621 | 53,027 |
| Total funds carried forward | 53,992 | 1,548 | — | 55,539 | 50,621 |
There may be minor discrepancies in the totals if the pence are not being shown
27 August 2024 Page 1
Derby Road Baptist Church Watford - 1148711
Statement of Assets and Liabilities (by code) As at: 31 December 2023
| Class and nominal code | Class and nominal code | General | Designated | Restricted | Endowment | Total | Last year |
|---|---|---|---|---|---|---|---|
| Current assets - Cash at bank and in hand | |||||||
| A1 : Natwest Current Account No 1 | 6,853 | — | 3,974 | — | 10,827 | 4,292 | |
| A2 : Natwest Business | Reserve | 15,452 | — | (2,427) | — | 13,026 | 4,738 |
| A3 : Natwest Current Account No 2 | — | 2,985 | — | — | 2,985 | 3,828 | |
| Total | 22,305 | 2,985 | 1,548 | — | 26,838 | 12,857 | |
| Current assets - Investments | |||||||
| A4 : COIF Charities Deposit | 35 | 4,072 | — | — | 4,107 | 3,935 | |
| (Contingency) | |||||||
| A5 : Grace Baptist Charities Ltd | — | 24,594 | — | — | 24,594 | 33,829 | |
| Total | 35 | 28,666 | — | — | 28,702 | 37,764 | |
| Net total assets | 22,340 | 31,651 | 1,548 | — | 55,539 | 50,621 | |
| Represented by | |||||||
| Unrestricted - General | 22,340 | — | — | — | 22,340 | 4,272 | |
| Designated - Mission | — | 2,985 | — | — | 2,985 | 3,828 | |
| Designated - Legacy | — | 24,594 | — | — | 24,594 | 33,829 | |
| Designated - Con-Dep | — | 4,072 | — | — | 4,072 | 3,935 | |
| Restricted - AP-Res | — | — | 1,548 | — | 1,548 | 4,757 | |
| Total | 22,340 | 31,651 | 1,548 | — | 55,539 | 50,621 |
27 August 2024 Page 1
Derby Road Baptist Church Watford - 1148711
Statement of Assets and Liabilities (by fund) As at: 31 December 2023
| Balance | Previous balance |
|
|---|---|---|
| Current assets A1: Natwest Current Account No 1 - Asset Assistant Pastor fund Restricted General fund Unrestricted A2: Natwest Business Reserve - Asset Assistant Pastor fund Restricted General fund Unrestricted A3: Natwest Current Account No 2 - Asset Mission fund Designated A4: COIF Charities Deposit (Contingency) - Asset General fund Unrestricted Contingency and Depreciation Fund Designated A5: Grace Baptist Charities Ltd - Asset Legacy fund Designated Current assets Grand Total |
3,974 6,853 10,827 (2,427) 15,452 13,026 2,985 2,985 35 4,072 4,107 24,594 24,594 55,539 55,539 |
3,464 828 4,292 1,293 3,445 4,738 3,828 3,828 — 3,935 3,935 33,829 33,829 50,621 50,621 |
27 August 2024
Page 1
Non-monetary Assets held for church use
Fixed Assets for church use
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 trustees, Grace Baptist Charities Ltd.
| title to which is held by the church’s custodian trustees, Grace Baptist | Charities Ltd. | |
|---|---|---|
| 31-12-2023 | 31-12-2022 | |
| Church premises situate Derby Road, Watford valued for insurance purposes |
7,454,399 | 6,398,574 |
| Church furnishings and equipment | 133,437 | 111,944 |
| Church manse situate 1 Grosvenor Road, Watford valued for insurance purposes |
1,000,000 | 1,000,000 |
Current Liabilities
None
Long-term Liabilities
None
These accounts have been prepared on the receipts and payments basis in accordance with the Resolution passed at the Quarterly Business Meeting held on the 12[th] November 1996. They accord with Charity Commission guidance notes CC 16b dated September 2010.
Approved by Trustees
The accounts and statement of Assets Liabilities set out herein relating to the twelve months ending 31[st] December 2023 have been approved by the Elders and Deacons as Trustees.
Date: 27-08-2024
Abilio Pinto - Trustee/Treasurer
Independent examiner’s report to the trustees of Derby Road Baptist Church, Watford
I report on the accounts of the Church for the year ended 31 December 2023.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act
-
to follow the procedures laid down in the general Directions given by the commission under section 145(5)(b) of the 2011 Act
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to state whether particular matters have come to my attention
Basis of independent examiner’s report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the next statement.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
-
(1) which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with section 130 of the 2011 Act and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached
Name: David Mortimer Relevant professional qualification or body: CIPFA Address: Sand Jeas, Jasons Hill, Ley Hill, Chesham, Bucks HP5 3QW Date: 26th August 2024