## 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 - 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**