Financial Statement for the year
ending 31st December 2022.
| 2021 | RECEIPTS | Note | 2022 | |
|---|---|---|---|---|
| £ | 78,130 | Offerings | 1 | £ 79,200 |
| £ | 21,234 | Sundry Receipts | 2 | £ 18,762 |
| £ | 5,778 | Mission Work | 3 | £ 11,128 |
| £ | 5,781 | Communion Offerings | 4 | £ 3,949 |
| £ | 714 | Charity Receipts | 5 | £ 5,641 |
| £ | 1,044 | Church Community Social Events | 8 | £ 2,735 |
| £ | 200 | Departmental Receipts (Junior Church closing balance) | £ 292 | |
| £ | 112,881 | SUB TOTAL | £ 121,707 | |
| Movement /Transfer IN from Other Greenfield Bank Accounts | £ 43,751 | |||
| £ | 381 | Bank Interest | 7 | £ 759 |
| £ | 113,262 | TOTAL | £ 166,217 | |
| 2021 | PAYMENTS | 2022 | ||
| £ | 41,201 | Pastoral and Associated Costs | 9 | £ 44,685 |
| £ | 7,590 | Other Salaries and Associated Costs | 10 | £ 7,665 |
| £ | 3,695 | Pension Deficit | 11 | £ 25,325 |
| £ | 13,432 | Mission Work | 12 | £ 21,752 |
| £ | 4,025 | Communion Offerings | 13 | £ 8,875 |
| £ | 1,922 | Charity Donations | 14 | £ 4,001 |
| £ | 2,433 | Utilities | 15 | £ 2,842 |
| £ | 11,004 | Buildings | 16 | £ 8,659 |
| £ | 3,403 | Insurances | £ 3,780 | |
| £ | 1,489 | Stationery, Printing & Postage | 17 | £ 952 |
| £ | 3,798 | Miscellaneous | 18 | £ 6,904 |
| £ | 2,140 | Affiliation Fees | £ 2,137 | |
| £ | 530 | Reimbursements | 21 | £ 498 |
| £ | 1,428 | Church Community Social Events | 22 | £ 3,082 |
| £ | 98,090 | SUB TOTAL | £ 141,157 | |
| £ | 23,725 | Movement / Transfer to Other Greenfield Bank Accounts | 20 | £ 25,967 |
| Bank Charges | £ 79 | |||
| £ | 121,815 | TOTAL | £ 167,203 | |
| £ | 14,791 | Balance of Receipts over Payments | -£ 19,450 | |
| DEPARTMENTAL | ||||
| £ | 196 | Receipts | 6 | £ 1,259 |
| £ | 407 | Payments | 19 | £ 389 |
Note 1 - Offerings
2021
2022
| £ | 25,132 | Envelopes | £ 25,098 |
|---|---|---|---|
| £ | 47,208 | Direct Credits to Bank | £ 47,511 |
| £ | 5,790 | Cash | £ 6,591 |
| £ | 78,130 | TOTAL | £ 79,200 |
| 2021 | Note 2 - Sundry Receipts | 2022 | |
| £ | 6,355 | Donations | £ 3,493 |
| £ | 2,450 | Soup Station | £ 430 |
| £ | 345 | CDs/ Newsletters | £ 40 |
| £ | 50 | Reimb/Weddings/Funerals | £ 941 |
| £ | 225 | Flowers | £ 610 |
| £ | 11,809 | Gift Aid | £ 12,379 |
| £ | - | Utillities | £ 719 |
| £ | - | Church Lettings | £ 150 |
| £ | 21,234 | TOTAL | £ 18,762 |
| 2021 | Note 3 - Mission Work | 2022 | |
| £ | 2,962 | BMS World Mission | £ 7,128 |
| £ | 312 | Baptist Union Home Mission | £ 645 |
| £ | 1,692 | Christian Aid | £ 1,340 |
| £ | 549 | Barnabus Fund | £ 1,730 |
| £ | 263 | Open Doors | £ 170 |
| £ | - | Other | £ 115 |
| £ | 5,778 | TOTAL | £ 11,128 |
| 2021 | Note 4 - Communion Offerings | 2022 | |
| £ | 5,781 | Various | £ 3,949 |
| £ | 5,781 | TOTAL | £ 3,949 |
| 2021 | Note 5 - Charity Receipts | 2022 | |
| £ | 714 | Various | £ 5,641 |
| £ | 714 | TOTAL | £ 5,641 |
| 2021 | Note 6 - Departmental Sundry Receipts | 2022 | |
|---|---|---|---|
| £ | 5 | Choir | £ 401 |
| £ | 185 | Junior Church | £ 780 |
| £ | 5 | Open Door | £ 77 |
| £ | 1 | Men's Fellowship | £ 1 |
| £ | 196 | TOTAL | £ 1,259 |
| 2021 | Note 7 - Bank Interest | 2022 | |
| £ | 5 | Internet Account 1 | £ 29 |
| £ | 3 | Internet Account 2 | £ 86 |
| £ | 2 | N & I Investment Account | £ 16 |
| £ | 8 | Baptist Union Ministry Account | £ 98 |
| £ | 6 | Barclays Investment Account | £ 63 |
| £ | 357 | Monmouth Building Society | £ 467 |
| £ | 381 | TOTAL | £ 759 |
| 2021 | Note 8 - Church Community Social Events | 2022 | |
| £ | 1,044 | Pantomime | £ 2,205 |
| £ | - | Church Trip | £ 280 |
| £ | - | Miscellaneous | £ 250 |
| £ | 1,044 | TOTAL | £ 2,735 |
| 2021 | Note 9 - Pastoral and Associated Costs | 2022 | |
| £ | 33,696 | Stipend and Housing Allowance | £ 34,375 |
| £ | 330 | Pulpit Supplies | £ 1,010 |
| £ | 7,175 | Expenses | £ 4,800 |
| - | College Fees & Support | £ 4,500 | |
| £ | 41,201 | TOTAL | £ 44,685 |
| 2021 | Note 10 - Other Salaries and Associated Costs | 2022 | |
| £ | 500 | Organist | £ 300 |
| £ | 7,090 | Cleaner and Caretaker | £ 7,365 |
| £ | 7,590 | TOTAL | £ 7,665 |
| 2021 | Note 11 - Pension Deficit | 2022 | |
|---|---|---|---|
| £ | 3,695 | Baptist Pension Scheme Shortfall | £ 25,325 |
| £ | 3,695 | TOTAL | £ 25,325 |
| 2021 | Note 12 - Mission Work | 2022 | |
| £ | 4,492 | BMS World Mission | £ 12,347 |
| £ | 120 | Support for BMS Hope Home | £ 720 |
| £ | 2,812 | Baptist Union Home Mission | £ 837 |
| £ | 2,500 | Christian Aid | £ 2,000 |
| £ | 750 | Barnabus Fund | £ 1,700 |
| £ | 500 | Open Doors | £ 2,200 |
| £ | 898 | Soup Kitchen | £ 873 |
| £ | 600 | Street Connect | £ 600 |
| £ | 595 | Bibles for Children (local school) | £ - |
| £ | 165 | Special (Womens' Day of Prayer) | £ 175 |
| £ | - | Cardiff University | £ 100 |
| £ | - | Stand by Me (Africa Beds Appeal) | £ 200 |
| £ | 13,432 | TOTAL | £ 21,752 |
| 2021 | Note 13 - Communion Offerings | 2022 | |
| £ | 225 | Leprosy | £ 300 |
| £ | 350 | Christian Blind Mission | £ 600 |
| £ | 100 | British Heart Foundation | £ 200 |
| £ | 350 | Cancer Research Wales | £ 650 |
| £ | 250 | Motor Neurone Association | £ 200 |
| £ | 200 | Save the Children | £ 200 |
| £ | - | Versus Arthritis(formerly Arthritis Care) | £ 200 |
| £ | 250 | Blood Cancer UK (formerly Bloodwise) | £ 400 |
| £ | 300 | Good News for Everyone(formerly Gideons UK) | £ 200 |
| £ | 500 | MAF | £ 300 |
| £ | - | Age Cymru Dyfed(formerly Age Cymru Sir Gar) | £ 275 |
| £ | 250 | Bible Society | £ 1,200 |
| £ | 600 | Spurgeons | £ 500 |
| £ | 250 | Cardiff Baptist College | £ 500 |
| £ | 200 | Llanelli Talking Newspaper | £ 200 |
| £ | 200 | Parkinsons UK Association | £ 200 |
| £ | - | Air Ambulance | £ 300 |
| £ | - | Alzheimers UK | £ 300 |
| £ | - | Samaritans Purse | £ 500 |
| £ | - | Macmillan | £ 800 |
| £ | - | Luhimba Project | £ 350 |
| £ | - | Chemotherapy Unit PPH | £ 500 |
£ 4,025
TOTAL £ 8,875
| 2021 | Note 14 - Additional Charity Donations | 2022 | |
|---|---|---|---|
| £ | 500 | Llanelli Hospice | £ 1,550 |
| £ | 200 | Salvation Army | £ 300 |
| £ | 200 | MIND (Bereavement Service) | £ - |
| £ | 500 | Crisis for Christmas | £ 500 |
| £ | 522 | Benevolent Fund | £ 1,401 |
| £ | - | Blood Bikes | £ 250 |
| £ | 1,922 | TOTAL | £ 4,001 |
| 2021 | Note 15 - Utilities | 2022 | |
| £ | 2,207 | Light and Heat | £ 2,589 |
| £ | 226 | Water | £ 253 |
| £ | 2,433 | TOTAL | £ 2,842 |
| 2021 | Note 16 - Buildings | 2022 | |
| £ | 4,867 | General Repairs | £ 625 |
| £ | 5,217 | Property Renovations | £ 6,751 |
| £ | 262 | Fire Protection | £ 503 |
| £ | 288 | Grounds & Pest Controls | £ - |
| £ | 370 | Use of other premises(due to Covid 19 restrictions) | £ 780 |
| £ | 11,004 | TOTAL | £ 8,659 |
| 2021 | Note 17 - Stationery, Printing & Postage | 2022 | |
| £ | 1,489 | Stationery, Printing & Postage | £ 952 |
| £ | 1,489 | TOTAL | £ 952 |
| 2021 | Note 18 - Miscellaneous | 2022 | |
| £ | 1,035 | Licences | £ 1,077 |
| £ | 686 | Technical Costs | £ 2,915 |
| £ | - | Piano and Organ Tuning | £ 276 |
| £ | 218 | Cleaning and Associated Costs | £ 267 |
| £ | 151 | PAT Testing | £ 240 |
| £ | 776 | Health & Safety & Associated Costs | £ 727 |
| £ | 932 | Other Sundry items * | £ 986 |
| £ | - | CD production | £ 245 |
| £ | - | Telephone Line Rental | £ 171 |
| £ | 3,798 | TOTAL | £ 6,904 |
*previously included with cleaning and associated costs
Note 19 - Departmental
2021
2022
| £ | 277 | Choir | £ - |
|---|---|---|---|
| £ | 130 | Junior Church | £ 389 |
| £ | - | Open Door | £ - |
| £ | - | Men's Fellowship | £ - |
| £ | 407 | TOTAL | £ 389 |
| 2021 | Note 20 - Bank Transfers to Other Accounts & Charges | 2022 | |
| £ | 23,725 | Transfer to other Greenfield Bank Accounts | £ 25,967 |
| £ | - | Banking Charges | £ 79 |
| £ | 23,725 | TOTAL | £ 26,046 |
| 2021 | Note 21 - Reimbursements | 2022 | |
| £ | 19 | Junior Church Materials | £ 391 |
| £ | 511 | Youth Materials | £ 107 |
| £ | 530 | TOTAL | £ 498 |
| 2021 | Note 22 - Church Community Social Events | 2022 | |
| £ | 1,428 | Pantomime | £ 2,293 |
| £ | - | Church Trip | £ 500 |
| £ | - | Miscellaneous | £ 289 |
| £ | 1,428 | TOTAL | £ 3,082 |
STATEMENT OF ASSETS AND LIABILITIES at 31 December 2022
| HSBC COMMUNITY ACCOUNT | |
|---|---|
| Balance at 1 January 2022 Balance of Receipts over Payments Jan - Dec 2022 Transfer in from HSBC Internet A/C Transfer in from HSBC Building A/C Transfer out to new Junior Church A/C Transfer out as trigger for Bank Statements (Choir & Open Door) Transfer out to Ministry Fund Transfer out to HSBC Internet A/C 1 Transfer out to HSBC Building Fund Transfer out to Monmouth Building Society Transfer out to Lloyds Greenfield A/C Bank Charges Jan-Dec Balance at 31 December 2022 |
£ 7,797 -£ 19,450 £ 30,000 £ 13,751 -£ 338 -£ 15 -£ 7,505 -£ 8,000 -£ 7,000 -£ 3,000 -£ 110 -£ 79 |
| £ 6,051 | |
| HSBC INTERNET ACCOUNT No 2 (Building Fund) | |
| Balance at 1 January 2022 Interest added Jan-Dec 2022 Transfer to HSBC Community Account Transfer from HSBC Community Account Balance at 31 December 2022 |
£ 45,323 £ 86 -£ 13,751 £ 7,000 |
| £ 38,658 | |
| £ 17,055 £ 16 |
|
| NS&I INVESTMENT ACCOUNT | |
| Balance at 1 January 2022 Interest added Jan-Dec 2022 Balance at 31 December 2022 |
|
| £ 17,071 | |
| £ 62,300 £ 468 £ 3,000 |
|
| MONMOUTH BUILDING SOCIETY | |
| Balance at 1 January 2022 Interest added March 2022 Transfer from HSBC Community A/C Balance at 31 December 2022 |
|
| £ 65,768 | |
| BARCLAYS COMMUNITY ACCOUNT | |
| Balance at 1 January 2022 Balance of Receipts over Payments Outstanding Balance at 31 December 2022 |
£ 9,665 £ 1,734 £ 3,108 |
| £ 14,507 |
| HSBC INTERNET ACCOUNT No 1 (XXX) | |
|---|---|
| Balance at 1 January 2022 Interest Added Jan-Dec 2022 Transfer to HSBC Community Account (incl. Cessation Event) Transfer from HSBC Community Account Dec 2022 Balance at 31 December 2022 |
£ 46,663 £ 29 -£ 30,000 £ 8,000 |
| £ 24,692 | |
| £ 65,020 £ 110 |
|
| LLOYDS BANK TREASURER'S ACCOUNT (XXX) | |
| Balance at 1 January 2022 Transfer from HSBC Community Account Jan-Feb 2022 Balance at 31 December 2022 |
|
| £ 65,130 | |
| £ 65,044 £ 63 |
|
| BARCLAYS BUSINESS SAVINGS ACCOUNT (XXX) | |
| £ 65,107 | |
| £ 296,984 |
TOTAL MONETARY ASSETS at 31st DECEMBER 2022
BANK AND CASH BALANCES
| Representing balances on the following accounts:- General Fund (Unrestricted)as above Ministry Fund (Restricted) Sunday School Legacy Fund incl. interest (Designated) Choir Fund (Designated) Open Door Fellowship (Designated) Men's Fellowship (Designated) Junior Church (Designated) TOTAL |
£ 296,984 £ 11,602 £ 1,798 £ 1,945 £ 319 £ 1,276 £ 390 |
|---|---|
| £ 314,314 |
Basis of Accounts
GREENFIELD BAPTIST CHURCH IS A REGISTERED CHARITY - 1150291
THE CHURCH IS THE BENEFICIAL OWNER OF THE FOLLOWING ASSET –
CHURCH PREMISES AT MURRAY STREET-LLANELLI- CARMARTHENSHIRE-SA15 1DZ -INSURED VALUE £3,438,638 INCLUDING ORGAN £242,488 AND CONTENTS £103,503
THE LEGAL TITLE OF THESE ASSETS IS HELD BY THE CHURCH'S CUSTODIAN TRUSTEE THE BAPTIST UNION CORPORATION LTD.
THESE ACCOUNTS HAVE BEEN PREPARED ON A 'RECEIPTS AND PAYMENTS' BASIS. THE ACCOUNTS, STATEMENTS OF ASSETS AND LIABILITIES SET OUT IN THIS BOOKLET RELATE TO THE YEAR ENDING 31st DECEMBER 2022 AS APPROVED BY THE TRUSTEES OF GREENFIELD BAPTIST CHURCH
These Accounts were approved by the Trustees and signed on their behalf by:-
Rev. David Jones (Minister) ……………………………………………………………………………..
Annette Gravell (Church Treasurer)………………………………………………………………….
INDEPENDENT EXAMINERS’ REPORT to the TRUSTEES OF GREENFIELD BAPTIST CHURCH, LLANELLI
Independent examiner's report to the trustees of Greenfield Baptist Church Llanelli:-
I report to the charity trustees on my examination of the accounts of Greenfield Baptist Church Llanelli (the Trust) for the year ended 31 December 2022.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the 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 Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants.
I 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:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable 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.
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.
R.A. Williams The Association of Chartered Certified Accountants Charles & Co Chartered Certified Accountants 3 Murray Street Llanelli Carmarthenshire SA15 1AQ 02/06/2023