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2020-12-31-accounts

Sutcliff Baptist Church, Olney

Registered Charity Number: 1151773

Annual Report and Accounts

For the year ended 31[st] December 2020

Sutcliff Baptist Church, Market Place, Olney, Bucks, MK46 4EA www.olneybaptist.org.uk

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Sutcliff Baptist Church, Olney

Trustees’ Annual Report and Financial Statements 2020

Mission Statement

Sutcliff is a Baptist Church family that seeks to look up to God, and out to the world, to make effective disciples for Jesus Christ.

Statutory Information

Charity Name: Sutcliff Baptist Church, Olney Registered Address: Market Place, Olney, Bucks, MK46 4EA Charity Registration Number: 1151773 Property Trustees: The Baptist Union Corporation Ltd. Baptist House, 129 Broadway, Didcot, Oxfordshire, OX11 8RT Charity Trustees: Mr. David Greaves (Treasurer) Mr. Ralph Terry (Secretary) Mr. Sydney Bond Mr. Adrian Dunn (up to 11[th] March 2020) Mr. Martyn Glass Mr. Christopher Hanson Ms. Lydia Hatley (up to 11[th] March 2020) Mrs. Susan Lynch Mrs. Angela Richardson (from 11[th] March 2020) Mr. Michael Walker Mr. James Wharpshire (from 11[th] March 2020) Bankers: Barclays Bank Leicester, LE87 2BB Independent Examiner: Mr. Michael Maidment 1 Windmill Hill, Biddenham, Bedford, Bedfordshire, MK40 4AG No. of Paid Employees: 1 (Cleaner)

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The Trustees present their

Annual Report and Financial Statements for 2020

Charitable Object

The charity is an unincorporated body and is governed by its Constitution dated 28[th] November 2012, which states that “The principal purpose of the Church is the advancement of the Christian faith according to the principles of the Baptist denomination. The Church may also advance education and carry out other charitable purposes in the United Kingdom, and/or other parts of the world”.

The Church occupies premises which are held by the Baptist Union Corporation Ltd., on Trusts which are entirely compatible with the above object.

Organisational Structure and Decision Making Processes

Baptism by immersion upon personal profession of faith is the normal mode of entry into the membership of a Baptist church. The church applies an open Baptismal qualification for Church Membership, so that persons seeking membership who have not been baptised in the manner described in the Union’s Declaration of Principle may at the discretion of the Church Members’ Meeting be accepted for full membership based on their own public profession of faith. Church Membership is open to those who:

In accordance with the Constitution, the members appoint Elders and Deacons, who together with the Minister, Church Secretary and Treasurer (who are also appointed by members), are collectively known as the Leadership Team and are the Charity Trustees. The Leadership Team, as appointed Trustees, are responsible for the day to day running of the Church’s work and witness, and the financial and legal aspects of the charity.

Church Members’ Meetings are held at regular intervals on not less than six occasions in any calendar year and are an opportunity to consider and review routine matters associated with the life of the Church including issues related to church membership, the appointment of the Charity Trustees, the approval of the budget, with opportunities for considering proposals from the Charity Trustees or other Church Members for the development of the Church and the advancement of its Purpose through its Activities. One Ordinary Church Members’ Meeting each year includes the Annual Church Members’ Meeting for the Church Members to receive annual accounts and reports, to appoint Auditors or Independent Examiners, and to consider proposals for the strategy and vision of the church in the coming year, with other appropriate matters.

Objectives and Activities

In fulfilling the Purpose of the Church as set out above, it engages in a range of Activities either on its own or with others that will vary from time to time, with Activities being initiated, expanded, or closed, as appropriate.

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The Activities may include but are not restricted to:

Notwithstanding the appointment of persons to accept responsibility for any of the Activities all individuals, organisations, groups, and committees operating within the life of the Church, and their leaders, shall be accountable to the Charity Trustees and also through any specific direction of the Church Members’ Meeting.

The Church operates systems to ensure that all people working with children, young people or adults at risk are appropriately trained (in line with Baptist Union guidance) and vetted with regards to the Disclosure and Barring Service (DBS).

We have this year, in line with many other organisations, completely overhauled our Data Protection Policy in order to comply with the new GDPR laws that came into force in May 2018. Training has been provided to all employees and volunteers who need to know about this.

When planning our activities for the year the trustees have considered the Charity Commission guidance on public benefit and in particular specific guidance on charities for the advancement of religion, and are satisfied that the activities outlined clearly demonstrate that the charity is providing benefit to the public.

Church Attendance

As at 31[st] December 2020 the Church Membership totalled 106. Sunday attendance averaged around 110 for the morning service, and 25 for the evening service, prior to the March cessation of physical services due to the Covid-19 Pandemic.

Achievements and Performance

Review for the Year

Over the year, our membership decreased by two, and attendance at services is similar, perhaps marginally smaller, to that of the previous years.

As has been referred to above, the Church along with all others in the country were required to cease physical meetings in March 2020 due to Covid-19. A weekly audio service was put on our website with the addition of a live video service trial in November, and two video recorded services for Christmas.

The Leadership transferred both their business meetings and their monthly prayer meeting onto Zoom, an Internet based virtual meeting application.

A survey of the fellowship’s view to re-opening was held in August following the Government’s relaxation of regulations. At that time only a minority wished physical services to resume and they remained therefore online.

Communication with the fellowship was continued via the weekly New Sheet and Church Members were provided with regular written updates in place of the Members’ Meetings. Also, everyone

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within the Fellowship were split between the Leadership for the purpose of keeping contact (initially telephone and then doorstep visits etc. with everybody within the fellowship on an occasional 2- 3-week basis)

Our search for a new minister continued throughout the year with the leadership interviewing (over Zoom) a couple of prospective pastors however, these did not progress further.

Church Activity Annual Reports

These reports, by the two Church Officers (Secretary and Treasurer), an Elder and all leaders of organisations / groups / committees etc. that have operated throughout the year have been produced for circulation to members as a 32-page booklet. This document was presented to the membership at the AGM in July 2021 (delayed until we were able to hold a physical meeting) for adoption by them. A copy is available on request.

Main Church Activities

Prior to March these were similar to our previous year.

Following the Covid-19 lockdown in March, many of our activities went online.

Regretfully, the CAMEO, Craft Groups and First Steps midweek meetings had to cease operation in March, and did not recommence within the year.

A telephone Helpline was set up to provide support (e.g., with shopping) where needed.

Additional Special Youth Events :

With the exception of Holiday Bible Club all these did not operate this year.

Holiday Bible Club Joined with another local church and produced 5 recorded video sessions accessed via the internet.

Outreach Events and other Special Activities:

Regretfully most of these activities were unable to take place this year. However, we were thankfully able to organise / participate in / support the following:

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Financial Review

The Church has only one main source of income, namely from the personal giving of the membership and congregation. This being through the cash offerings made at our Sunday Services, a weekly envelope scheme and standing orders.

This income is separately directed to the Church’s General Fund, to a Development Fund (for the development of the church premises), and to our Fellowship Fund (for those suffering difficulties amongst the church family).

Special Appeals

In addition to our regular giving to the Baptist Missionary Society (for overseas mission), Home Mission Fund (for UK mission), we also gave to thirteen other mission organisations.

Income and Expenditure

The attached Financial Statement (below), prepared by the Church Treasurer, for the year ended 31[st] December 2020, along with the independent examiner’s report, form part of this report.

Reserves

The Trustees are satisfied that they have sufficient reserves at the end of the financial year, together with anticipated ongoing income, to enable the Church to function effectively in the coming year.

Safeguarding

The Church and Trustees continue to take Safeguarding seriously, and we ensured that activities that did manage to continue during the Covid-19 pandemic were operated according to our Safeguarding Policies.

The Future

We pray that despite the strange situation of Covid-19 lockdown etc that we have experienced, and one in which we continue to operate as we enter 2021, that we will grow and develop as a fellowship of God’s people here in Olney. We aim to continue to seek for the ways in which we can best serve the communities within which God has placed us.

A continuing and high priority is to discern the will of God and find the person who should be appointed the next minster of our church.

Additionally, we know that our re-developed premises will be of benefit to us when we are able to re-open and operate in a more normal way and pray that we can continue to honour the step of faith taken to build them as we raise the necessary finance to pay off our outstanding financing loan.

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Signed on behalf of the Trustees of Sutcliff Baptist Church, Olney:

Ralph N. Terry Church Secretary 31[st] July 2021

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SUTCLIFF BAPTIST CHURCH, OLNEY

FINANCIAL STATEMENT FOR THE YEAR ENDED 31[ST] DECEMBER 2020

GENERAL RECEIPTS AND PAYMENTS ACCOUNT

Receipts
Note
Regular Offerings
Donations and other income
2
Income tax recovered on gifts
Investment Income
3
Rent and contributions for use of premises
4
Raised for other causes
5
Transfer from Book Fund
Payments
Ministry
7
Mission
8
Upkeep of church premises
9
Administration
10
BUC (Pension) Loan
13
Transferred to Development Fund
11
Surplus for the year
Balance brought forward
Balance carried forward
2020
71,735
2,191
23,031
23
3,570
-
-
£100,550
381
22,458
21,881
4,231
25,288
3,544
£77,783
£22,767
£42,617
£65,384
2019
80,643
5,600
19,024
35
4,333
1,751
566
£111,952
13,335
28,310
45,960
5,458
3,840
4,125
101,028
£10,924
£31,693
£42,617

RESTRICTED FUNDS RECEIPTS AND PAYMENTS ACCOUNT

Balance Receipts Payments Balance
1 Jan 20 2020 2020 31 Dec 20
Development Fund (Note 11) 38,183 39,137 42,000 35,320
Fellowship Fund 6,542 2,602 500 8,644
Furnace Fund 591 2 - 593
Graveyard & A. J. Wiffen 1,464 5 - 1,469
Godly Play 1,200 - - 1,200
Sunday Club 608 146 154 600
CAMEO 75 538 491 122
£48,663 £42,430 £43,145 £47,948
Balance Receipts Payments Balance
1 Jan 19 2019 2019 31 Dec 19
Development Fund (Note 11) 46,131 34,052 42,000 38,183
Fellowship Fund 6,118 3,029 2,605 6,542
Furnace Fund 586 5 - 591
Graveyard & A. J. Wiffen 1,452 12 - 1,464
Book Fund 408 158 566 0
Coffee Mornings 102 1,527 1,629 0
Godly Play 1,200 - - 1,200
Sunday Club 732 191 315 608
CAMEO 83 1,356 1,364 75
£56,812 £40,330 £48,479 £48,663

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SUTCLIFF BAPTIST CHURCH, OLNEY

FINANCIAL STATEMENT FOR THE YEAR ENDED 31[ST] DECEMBER 2020

STATEMENT OF ASSETS AND LIABILITIES AT 31[ST] DECEMBER 2020

Note
ASSETS
Bank and other cash balances
REPRESENTING BALANCES ON THE FOLLOWING
ACCOUNTS
General Fund
Restricted Funds
Non monetary assets
14
LIABILITIES
Loan from Baptist Union Corporation (LC501)
12
Loan from Baptist Union Corporation (LP011)
13
2020
£113,332
65,384
47,948
£113,332
£2,655,466
(£154,227)
0
2019
£91,281
42,618
48,663
£91,281
£2,614,016
(£190,637)
(£25,213)

NOTES TO THE ACCOUNTS

(Notes 2 to 10 refer solely to the General Fund)

1. Basis of accounts These accounts have been prepared on a receipts and payments basis and accord with Section 133 Charities Act 2011

2. Donations and other income
Cash Offerings
Sundry Gifts and Receipts
3. Investment Income
General Fund – Interest on Deposit Account
4. Rent & contributions for use of premises
Room bookings
Use of Photocopier
2020
1,985
206
£2,191
2020
23
£23
2020
3,544
26
£3,570
2019
4,998
602
£5,600
2019
35
£35
2019
4,125
208
£4,333

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SUTCLIFF BAPTIST CHURCH, OLNEY

FINANCIAL STATEMENT FOR THE YEAR ENDED 31[ST] DECEMBER 2020

NOTES TO THE ACCOUNTS (continued)

5. Other Causes
Operation Agri (Harvest)
Africa Cyclone Appeal
South Sudan Refugee Appeal
6. Church Events
Holiday Bible Club
Outdoor Nativity
Mission/Mothering Sunday
Christmas/Easter Cracked
Minister’s Leaving Party
7. Ministry
Minister’s Stipend
Pension Contributions
Employer’s National Insurance
Travel Allowance
Book Allowance
Ministerial Conference
Visiting Speakers
First Steps & Treasure Club
Honorarium (Mrs. B. Gravett)
Sundry Gifts
2020
Receipts
-
-
-
£0
2020
Receipts
-
-
-
-
-
£0
2020
Payments
-
-
-
2019
Receipts
-
895
856
£1,751
2019
Receipts
-
-
-
-
-
£0
2020
-
-
-
-
-
50
150
145
-
36
£381
2019
Payments
-
895
856
£0 £1,751
2020
Payments
261
-
-
57
-
2019
Payments
318
40
-
416
90
£318 £864
2019
9,000
1,485
-
500
-
-
612
17
1,200
521
£13,335

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SUTCLIFF BAPTIST CHURCH, OLNEY

FINANCIAL STATEMENT FOR THE YEAR ENDED 31[ST] DECEMBER 2020

NOTES TO THE ACCOUNTS (continued)

8. Mission
Baptist World Mission
Baptist Home Mission
Milton Keynes Bridgebuilder Trust
Scripture Union
TearFund
Mission Aviation Fellowship
Barnabas Fund
Advantage Africa
Mercy Ships
Gideons International
World Vision
Cry in the Dark
FEBA Radio
Langham Partnership
Sovereign World Trust
Bible Society
Other Causes (see Note 5)
Church Events (see Note 6)
9. Upkeep of church premises
(a) Church
Light and Heat
Water
Repairs & Renovation
Repairs to Church Wall and Porch
Insurance
Church Cleaner (employed) and materials
(b) Manse
Water
General Repairs & Renovation
Insurance
Council Tax
2020
7,370
7,370
2,600
850
600
600
600
300
300
300
300
300
300
300
300
-
-
318
£22,458
2020
2,226
800
11,815
-
2,456
2,420
£19,717
45
1,786
333
-
£2,164
£21,881
2019
8,565
8,565
2,600
850
600
600
600
300
900
300
300
300
300
300
300
315
1751
864
£28,310
2019
2,863
576
3,868
27,442
2,428
3,959
£41,136
534
2,906
309
1,075
£4,824
£45,960

Note that the Manse charges for Water and Council Tax were reduced as the house was unoccupied from the end of August until November, when tenants move in and took over responsibility for these bills

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SUTCLIFF BAPTIST CHURCH, OLNEY

FINANCIAL STATEMENT FOR THE YEAR ENDED 31[ST] DECEMBER 2020

NOTES TO THE ACCOUNTS (continued)

10. Administration

Telephone
Photocopier, Computer & Software
Coffee machines & Supplies
Training
Printing & Stationery
CCLI Copyright Licences
TV Licence
Subscriptions
Sundry Expenses
Website
2020
2019
469
667
888
256
83
668
65
233
587
1,791
1,101
791
155
151
582
575
42
182
259
144
£4,231
£5,458

11. Church Development Project

2020 2020 2019 2019
Receipts Payments Receipts Payments
Regular Gifts 15,499 17,024
Coffee Morning Income 382 1,135
Transfer from Coffee Fund 0 1,129
Gift Aid on Development Fund 4,760 3,524
Interest 43 73
Transferred from General Fund 3,544 4,125
Correction to 2018 account 0 50
Events (Gift Day) 2,610 5,422
Rental of Manse 12,299 1,570
Repayment of Loan 42,000 42,000
£39,137 £42,000 £34,052 £42,000

12. Development Loan from Baptist Union Corporation

Loan number LC501, for an initial value of £344,929 drawn down in 2015 and repayable over 10 years, for redevelopment of the church premises

Balance at 1st January
Interest
Loan Repayments
Balance at 31st December
2020
190,637
5,590
(42,000)
£154,227
2019
224,833
7,804
(42,000)
£190,637

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SUTCLIFF BAPTIST CHURCH, OLNEY

FINANCIAL STATEMENT FOR THE YEAR ENDED 31[ST] DECEMBER 2020

NOTES TO THE ACCOUNTS (continued)

13. Pension Loan from Baptist Union Corporation

Loan number LP011, for an initial value of £32,000 drawn down in 2017 and repayable over 10 years, for settlement of pension debt with the Baptist Pension Scheme. This loan was cleared by a one-off payment in January 2020.

Balance at 1st January
Loan drawdown
Interest
Loan Repayments
Balance at 31st December
2020
25,213
-
75
(25,288)
£0
2019
28,048
-
1,005
(3,840)
£25,213

14. Non-monetary assets

Held for the Church’s own use

The Church is the beneficial owner (subject to the relevant trusts) of the following assets, shown at insured value, the legal title to which is held by the Church’s custodian trustee, Baptist Union Corporation Ltd.

Sutcliff Baptist Church
Market Place, Olney, Bucks, MK46 4EA
The Manse
9 Wellingborough Road, Olney, Bucks, MK46 4BJ
The Church also owns fixtures, furniture and
equipment with an insured value of:
2020
2,325,479
201,766
128,221
£2,655,466
2019
2,300,196
186,993
126,827
£2,614,016

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SUTCLIFF BAPTIST CHURCH, OLNEY

FINANCIAL STATEMENT FOR THE YEAR ENDED 31[ST] DECEMBER 2020

The accounts and statement of assets and liabilities and its notes set out in pages 8 to 13 relating to the year ending 31[st] December 2020 are as approved by the trustees.

Signed on behalf of the Trustees of Sutcliff Baptist Church, Olney

David Greaves Church Treasurer 31[st] July 2021

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