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2021-12-31-accounts

Sutcliff Baptist Church, Olney

Registered Charity Number: 1151773

Annual Report and Accounts

For the year ended 31[st] December 2021

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

Page 1

Sutcliff Baptist Church, Olney

Trustees’ Annual Report and Financial Statements 2021

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) Rev. Stuart Macdonald (from 5[th] July 2021) Mr. Sydney Bond Mr. Martyn Glass Mr. Christopher Hanson Mrs. Susan Lynch Mrs. Angela Richardson Mr. Michael Walker Mr. James Wharpshire Bankers: Barclays Bank Leicester, LE87 2BB Independent Examiner: Mr. Michael Maidment 1 Windmill Hill, Biddenham, Bedford, Bedfordshire, MK40 4AG No. of Paid Employees: 2 (Minister and Cleaner)

Page 2

The Trustees present their Annual Report and Financial Statements for 2021

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.

Page 3

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).

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 2021 the Church Membership totalled 105, one less than the previous year. Physical services did not resume until July, due to the Covid-19 pandemic, but by the end of the year attendance was around 60 for the Sunday morning service, and 30 for the evening service.

Achievements and Performance

Review for the Year

Throughout the first half of the year the elders continued to deliver the Word through recorded audio services each Sunday Morning, made available to the fellowship via the church website. At Easter a recorded video service was also produced along with a meditation with music, held in the sanctuary.

From July, with the coming of our new minister, we were finally able to re-open the church for worship, initially with controlled conditions such as pre-booking and reduced numbers, but over the months the restrictions were gradually lifted.

Other Leadership meetings that had previously been conducted by Zoom were also resumed in person, and Church Member Meetings were also resumed at the Church, starting with the delayed AGM in July.

Our search for a new minister progressed through the first half of the year and in May we were able to invite Revd. Stuart Macdonald to come for a weekend, meet the church, and “preach with a view”. There were also question and answer sessions when the members and fellowship were able to meet with Stuart, in a socially-distanced environment, as required at the time. A subsequent Church Meeting resulted in Stuart being called after a very large majority were in favour of his appointment, Stuart joined at the start of July, but due to Covid his Induction Service was not held until September.

Page 4

Church Activity Annual Reports

These reports, by the two Church Officers (Secretary and Treasurer), our Minister 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 March 2022 for adoption by them. A copy is available on request.

Main Church Activities

Covid-19 again disrupted many of the normal activities of the church. For the first six months many continued on Zoom including:

Once the church was opened some activities were able to resume including:

Additional Special Youth Events :

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

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

Outreach Events and other Special Activities:

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

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.

Page 5

Income and Expenditure

The attached Financial Statement (below), prepared by the Church Treasurer, for the year ended 31[st] December 2021, 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

After a challenging period of interregnum and lockdowns, we thank God for his love and support, and pray 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.

We thank God that he has brought our new minister to lead our fellowship into the future.

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

Ralph N. Terry Church Secretary 16[th] March 2022

Page 6

SUTCLIFF BAPTIST CHURCH, OLNEY

FINANCIAL STATEMENT FOR THE YEAR ENDED 31[ST] DECEMBER 2021

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
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		 2021
69,118
1,041
15,892
92
3,577
705
£90,425
17,886
22,902
21,510
5,024
0
26,577
£93,899
£(3,475)
£65,384
£61,910		 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

RESTRICTED FUNDS RECEIPTS AND PAYMENTS ACCOUNT

Balance Receipts Payments Balance
1 Jan 21 2021 2021 31 Dec 21
Development Fund (Note 11) 35,320 53,523 72,000 16,843
Fellowship Fund 8,644 2,204 400 10,448
Furnace Fund 593 1 - 594
Graveyard & A. J. Wiffen 1,469 3 - 1,472
Godly Play 1,200 - - 1,200
Sunday Club 600 - - 600
CAMEO 122 521 497 146
£47,948 £56,252 £72,897 £31,303
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

Page 7

SUTCLIFF BAPTIST CHURCH, OLNEY

FINANCIAL STATEMENT FOR THE YEAR ENDED 31[ST] DECEMBER 2021

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		 2021
£92,213
61,910
31,303
£92,213
£2,753,473
(£85,543)
0		 2020
£113,332

65,384
47,948
£113,332
£2,655,466
(£154,227)
0

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

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		 2021
746
295
£1,041
2021
92
£92
2021
3,577
-
£3,577		 2020
1,985
206
£2,191
2020
23
£23
2020
3,544
26
£3,570

Page 8

SUTCLIFF BAPTIST CHURCH, OLNEY

FINANCIAL STATEMENT FOR THE YEAR ENDED 31[ST] DECEMBER 2021

NOTES TO THE ACCOUNTS (continued)

5. Other Causes
Harvest Appeal
Gift for leaving member
6. Church Events
Holiday Bible Club
Christmas/Easter Cracked
Outdoor Nativity
Induction Service
7. Ministry
Minister’s Stipend
Pension Contributions
Employer’s National Insurance
Travel/Removal Expenses
Book Allowance
Manse Light & Heat
Ministerial Conference
Visiting Speakers
First Steps & Treasure Club
Sundry Gifts		 2021
Receipts
195
510
£705
2021
Receipts
640
-
-
-
£640		 2021
Payments
195
510		 2020
Receipts
-
£0
2020
Receipts
-
-
-
-
£0
2021
11,917
977
-
4,051
45
99
-
677
-
120
£17,886		 2020
Payments
-
£705 £0
2021
Payments
677
-
40
120		 2020
Payments
261
57
-
-
£837 £318
2020
-
-
-
-
-
-
50
150
145
36
£381

Page 9

SUTCLIFF BAPTIST CHURCH, OLNEY

FINANCIAL STATEMENT FOR THE YEAR ENDED 31[ST] DECEMBER 2021

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
Good News for Everyone (formerly Gideons UK)
World Vision
Cry in the Dark
FEBA Radio
Langham Partnership
Sovereign World Trust
UCCF (Ellen Barker)
Other Causes (see Note 5)
Church Events (see Note 6)
9. Upkeep of church premises
(a) Church
Light and Heat
Water
Repairs & Renovation
Insurance
Church Cleaner (employed) and materials
(b) Manse
Water
General Repairs & Renovation
Insurance
Council Tax		 2021
7,000
7,000
2,600
600
600
600
600
300
300
300
300
300
300
300
300
600
705
197
£22,902
2021
2,027
238
4,547
2,457
2,437
£11,706
36
9,210
342
216
£9,804
£21,510		 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

Page 10

SUTCLIFF BAPTIST CHURCH, OLNEY

FINANCIAL STATEMENT FOR THE YEAR ENDED 31[ST] DECEMBER 2021

NOTES TO THE ACCOUNTS (continued)

10. Administration

Administration
Telephone
Photocopier, Computer & Software
Coffee machines & Supplies
Training
Printing & Stationery
CCLI Copyright Licences
TV Licence
Subscriptions
Sundry Expenses
Website		 2021
2020
431
469
1,247
888
502
83
15
65
668
587
1,119
1,101
158
155
568
582
172
42
144
259
£5,024
£4,231

11. Church Development Project

2021 2021 2020 2020
Receipts Payments Receipts Payments
Regular Gifts 14,714 15,499
Coffee Morning Income - 382
Gift Aid on Development Fund 3,450 4,760
Interest 14 43
Room Hire 3,577 3,544
Transferred from General Fund 23,000 0
Events (Gift Day) 1,967 2,610
Rental of Manse 6,801 12,299
Repayment of Loan 72,000 42,000
£53,523 £72,000 £39,137 £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 2021
Interest
Monthly Loan Repayments
Additional Payment
Balance at 31st December 2021		 2021
154,227
3,316
(42,000)
(30,000)
£85,543		 2020
190,637
5,590
(42,000)
£154,227

Page 11

SUTCLIFF BAPTIST CHURCH, OLNEY

FINANCIAL STATEMENT FOR THE YEAR ENDED 31[ST] DECEMBER 2021

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		 2021
-
-
-
-
£0		 2020
25,213
-
75
(25,288)
£0

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:		 2021
2,413,585
206,809
133,079
£2,753,473		 2020
2,325,479
201,766
128,221
£2,655,466

Page 12

SUTCLIFF BAPTIST CHURCH, OLNEY

FINANCIAL STATEMENT FOR THE YEAR ENDED 31[ST] DECEMBER 2021

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 2021 are as approved by the trustees.

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

David Greaves Church Treasurer 16[th] March 2022

Page 13

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