TRINITY BAPTIST CHURCH NEW ADDINGTON
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31[ST] DECEMBER 2022
CHARITY NUMBER: 1153541
TRINITY BAPTIST CHURCH NEW ADDINGTON 81 CAMPION CLOSE CROYDON CR0 5SN
INDEX Page Legal & Administrative Details 1 Trustee’s Report 2-3 Independent Examiner’s Report 4 Statement of Financial Activities 5 Balance Sheet 6 Notes on the financial Statements 7 - 9
TRINITY BAPTIST CHURCH NEW ADDINGTON
LEGAL & ADMINISTRATIVE DETAILS YEAR ENDED 31[ST] DECEMBER 2022
ADDRESS FOR CORRESPONDENCE
81 CAMPION CLOSE CROYDON CR0 5SN
REGISTERED CHARITY NUMBER
1153541
GOVERNING DOCUMENT
DECLARATION OF TRUST 1[ST] SEPTEMBER 2011.
TRUSTEES/ DIRECTORS
Mr Kwame Aggyemang Rev Sampson Dankyi Ms Angela Stewart
PRINCIPAL BANKERS
THE CO-OPERATIVE BANK P.O. BOX 250 SKELMERSDALE WN8 6WT
INDEPENDENT EXAMINER
FRESH FIRE ORGANISATION GENERATOR BUSINESS CENTRE 95 MILES ROAD MITCHAM CR4 3FH
1
TRINITY BAPTIST CHURCH NEW ADDINGTON
TRUSTEES’ REPORT YEAR ENDED 31[ST] DECEMBER 2022
The trustees are pleased to present their report for the year ended 31[st] December 2022 for the charity, Trinity Baptist Church New Addington with charity number 1153541.
The Trustees of the charity are: Mr Kwame Aggyemang Rev Sampson Dankyi Ms Angela Stewart
The principal address of the charity is : 81 Campion Close Croydon CR0 5SN.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity governing document is a declaration of trust that was executed 1[ST] September 2011.The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position.
OBJECTIVES AND ACTIVITIES
The Objects of the organisation are first to advance the Christian faith in accordance with the statement of beliefs for the benefit in the United Kingdom and in such other parts of the world as the trustees may think fit from time to time. The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.
ACHIEVMENTS AND PERFORMANCE
The Organisation continues to hold successful worship services through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. The organisation has returned to holding in person services in its hired hall. This helped with their effectiveness in reaching out to the community.
2
FINANCIAL REVIEW
The income of the charity is above £34,000. This is a higher amount for this year of the charity than last year, the costs have been well managed over this period. The organisation is still in a good position to manage its costs. The organisation main costs are for the hall hire and the building it uses for its offices.
RESERVE POLICY
It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure .This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to maintain this level throughout the year.
RISK MANAGEMENT
The charity have assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks.
TRUSTEE RESPONSIBILITIES
Under the Charities Act 2011,the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:
-
Select suitable accounting policies and apply them consistently.
-
Make judgements and estimates that are reasonable and prudent.
-
State whether the applicable accounting standards have been followed.
-
Prepare financial statements on an ongoing basis.
They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.
Approved by the Trustees on 7[th] September 2023 and signed on their behalf by:
3
Independent Examiner’s Report To the Trustees
TRINITY BAPTIT CHURCH NEW ADDINGTON
I report on the accounts of the church for the year ended 31[st ] December 2022 set out on the following pages which have been prepared on the basis of the accounting policies shown in the corresponding pages.
Respective responsibilities of trustees and examiner
The trustees of the church are responsible for the preparation of accounts: they consider that the audit requirement under section 144(2) of the Charities Act 2011 (the 2011 Act),does not apply. It is my responsibility to :
-
Examine the accounts under section 145 of the 2011 Act.
-
Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 145(5)(b) of the 2011 Act.
-
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 Commissioners. An examination includes a review of the accounting records kept by the church 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 I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In the course of my examination, no matter has come to my attention;
-
(1) which gives me reasonable cause to believe that, in any material aspect, the trustees have not met the requirements to ensure that:
-
proper accounting records are kept( in accordance with section 130 of the 2011 Act
-
accounts are prepared which agree with the accounting records and comply with the accounting requirements of the 2011 Act: or
-
(2) to which , in my opinion , attention should be drawn in order to enable a proper understanding of the accounts to be reached.
CHUKS AJUKA BSc(Man), FICB PM.Dip FRESH FIRE ORGANISATION Generator Business Centre 95 Miles Road Mitcham Surrey CR4 3FH
4
TRINITY BAPTIST CHURCH NEW ADDINGTON
Statement of Financial Activities for the year ended 31st December 2022
| Unrestricted | Unrestricted | Total Funds | Total Funds | |
|---|---|---|---|---|
| Funds | 2022 | 2021 | ||
| Incoming ResourcesNote | £ | £ | £ | |
| from generated funds | ||||
| Donations & Legacies | 2 | 30902 | 30902 | 25275 |
| Investment income | 0 | 0 | 0 | |
| ______ | ||||
| 30902 | 30902 | 25275 | ||
| Other Income | ||||
| Gift Aid | 3630 | 3630 | 0 | |
| ______ | ||||
| Total Incoming | 34532 | 34532 | 25275 | |
| Resources | ||||
| ______ | ||||
| Resources Expended | ||||
| Charitable activities in furtherance of objectives | ||||
| Charitable Activities | 4 | 35,310 | 35,310 | 27825 |
| Other | 5 | 470 | 470 | 500 |
| ______ | ||||
| Total Resources | 35,780 | 35,780 | 28325 | |
| Expended | ______ | |||
| Net movement in funds | -1,248 | -1,248 | 3371 | |
| Reconciliation of Funds | ||||
| Total Funds brought forward | 10818 | 10818 | 7447 | |
| Total Funds carried forward | 9,570 | 9,570 | 10818 |
The above funds are all classed as to purpose All movements of funds and all recognised gains and losses are included above.
The notes on the accounts form part of these accounts.
5
TRINITY BAPTIST CHURCH NEW ADDINGTON Balance Sheet as at 31st December 2022
| Note | 2022 | 2021 | |
|---|---|---|---|
| Fixed Assets | £ | £ | |
| Tangible fixed assets | 3 | 2037 | 2285 |
| _ _ |
|||
| 2037 | 2285 | ||
| _ _ |
|||
| Current Assets | |||
| Cash at bank and | 7913 | 8893 | |
| in hand | |||
| Debtors & prepayments | 0 | ||
| 7913 | 8893 | ||
| Creditors:amounts falling due within one year | |||
| Creditors & accruals | 5 | 380 | 360 |
| _ _ |
|||
| Net Current Assets | 7533 | 8533 | |
| _ _ |
|||
| Net Assets | 9570 | 10818 | |
| Unrestricted Funds | 9570 | 10818 | |
| TOTAL FUNDS | 9570 | 10818 | |
| _ _ |
Approved by the trustees on 7th September 2023 and signed on their behalf by :
The notes on these accounts form part of these accounts
6
TRINITY BAPTIST CHURCH NEW ADDINGTON NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] DECEMBER 2022
1) Accounting Policies
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities published on 16/07/14, the Financial Reporting Standard for Smaller Entities (effective January 2015). Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s)
Incoming Resources
Incoming resources are recognised in the statement of financial activities when entitlement has passed to the charity and the amounts are certain and measurable. Any incoming resources received that relate exclusively to future periods are Deferred on the Balance Sheet
Resources Expended
Expenditure is recognised in the statement of financial activities when a liability is incurred or increased without a commensurate increase in recognised assets or a reduction in liabilities.
Allocation of Costs
Direct Activity Costs comprise those costs that contribute directly to an activity and are allocated to the relevant activity
Support Costs comprise those costs that are necessary to deliver an activity but in themselves do not produce or deliver an activity. Support costs are allocated to activities based on the direct salary costs of the activity compared with total activity salary costs
Funds
Restricted funds represent income received that is subject to restrictions on use as determined by the donor which are narrower than the general objects. Designated funds represent funds set aside by the Trustees for specific purposes General funds are those funds made available for the charity’s general objects.
Depreciation
Items of equipment over £500 are capitalised and depreciated so as to write off Cost in equal instalments over their useful lives. Rates are set at equipment 5 to 10 years.
7
TRINITY BAPTIST CHURCH NEW ADDINGTON Notes to the accounts for year ended 31st December 2022
2 Donations & Legacies
| Church collections Tithes and Offerings Total |
Unrestricted Total funds Funds 2022 2021 £ £ 30902 30902 25275 |
|---|---|
| 30902 30902 25275 |
| 3 Tangible Fixed Assets Cost At 01/01/2022 Additions At 31/12/2022 Depreciation At 01/01/2022 charge for the year At 31/12/2022 Net Book Value at 31/12/2022 Net Book Value at 01/01/2022 |
Instrument Fix & Fitts Equipment Total 2022 £ £ £ £ 430 250 7892 8572 0 0 260 260 |
|---|---|
| ______ 430 250 8152 8832 359 147 5781 6287 14 20 474 508 |
|
| ______ 373 167 6255 6795 57 200 1897 2037 71 103 2111 2285 |
8
TRINITY BAPTIST CHURCH NEW ADDINGTON Notes to the accounts for year ended 31st December 2022
4 Charitable Activities
| Charitable Activities | Charitable Activities | |
|---|---|---|
| 2022/£ | 2020/£ | |
| Hall Hire | 3750 | 0 |
| Professional fees | 376 | 0 |
| Pension | 321 | 321 |
| Pastor wages | 7077 | 7077 |
| Sundry | 110 | 0 |
| Light & Heat | 2837 | 1727 |
| Office rent | 14400 | 14400 |
| Depreciation | 508 | 569 |
| Stationary | 0 | 0 |
| Refreshments | 105 | 0 |
| Welfare | 300 | 250 |
| Repairs & Maintenance | 1090 | 0 |
| Charity Donations | 100 | 0 |
| Insurance & License | 210 | 208 |
| Missions | 40 | 0 |
| Honorarium | 0 | 0 |
| Outreach costs | 500 | 850 |
| Software costs | 0 | 90 |
| Bank charges | 2 | 0 |
| Subscription costs | 480 | 80 |
| Rates | 2136 | 1729 |
| Media services | 144 | 144 |
| Supplies | 754 | 0 |
| Advertisements | 0 | 210 |
| Admin | 70 | 170 |
| Storage costs | 0 | 0 |
| Total | 35310 | 27825 |
9
TRINITY BAPTIST CHURCH NEW ADDINGTON Notes to the accounts for year ended 31st December 2022
| **5 ** | Other Costs | 2022/£ | 2021/£ |
|---|---|---|---|
| Bookkeeping | 470 | 500 | |
| Total | 470 | 500 |
Trustee Remuneration
Rev Sampson Dankyi was paid £7077 towards services as pastor of the church All other work was carried out by volunteers.
| 6 Creditors: amounts falling due within one year Bookkeeping Creditors Total 7 Debtors and Prepayments Debtors |
2022/£ 2021/£ 380 360 0 0 |
|---|---|
| 380 360 2022/£ 2021/£ 0 0 |
10