## **TRINITY BAPTIST CHURCH NEW ADDINGTON** 

## **FINANCIAL STATEMENTS** 

## **FOR THE YEAR  ENDED  31[ST] DECEMBER 2023** 

**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 2023** 

## **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 2023** 

The trustees are pleased to present their report for the year ended 31[st] December 2023 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 continues to hold its 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 £44,000. 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: 

1. Select suitable accounting policies and apply them consistently. 

2. Make judgements and estimates that are reasonable and prudent. 

3. State whether the applicable accounting standards have been followed. 

4. 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 13[th] September 2024 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 2023 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 2023** 

||**Unrestricted**|**Unrestricted**|**Total Funds**|**Total Funds**|
|---|---|---|---|---|
||**Funds**||**2023**|**2022**|
|**Incoming Resources**Note|**£**||**£**|**£**|
|**from generated funds**|||||
|Donations & Legacies|**2**|39987|39987|30902|
|Investment income||0|0|0|
||____________________________________||||
|||39987|39987|30902|
|_Other Income_|||||
|Gift Aid||5752|5752|3630|
||____________________________________||||
|**Total Incoming**||45739|45739|34532|
|**Resources**|||||
||____________________________________||||
|**Resources Expended**|||||
|**Charitable activities in furtherance of objectives**|||||
|Charitable Activities|**4**|43,593|43,593|35310|
|Other|**5**|500|500|470|
||____________________________________||||
|**Total Resources**||44,093|44,093|35780|
|**Expended**|____________________________________||||
|**Net movement in funds**||**1,646**|1,646|-1248|
|**Reconciliation of Funds**|||||
|Total Funds brought forward||10818|10818|10818|
|**Total Funds carried forward**||**12,464**|**12,464**|9570|



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 2023** 

||**Note**|**2023**|**2022**|
|---|---|---|---|
|**Fixed Assets**||**£**|**£**|
|Tangible fixed assets|**3**|1811|2037|
|||_________<br>_________||
|||1811|2037|
|||_________<br>_________||
|**Current Assets**||||
|Cash at bank and||11013|7913|
|in hand||||
|Debtors & prepayments|||0|
|||11013|7913|
|**Creditors:amounts falling due within one year**||||
|Creditors & accruals|**5**|360|380|
|||_________<br>_________||
|**Net Current Assets**||10653|7533|
|||_________<br>_________||
|**Net Assets**||12464|9570|
|**Unrestricted Funds**||12464|9570|
|**TOTAL FUNDS**||**12464**|9570|
|||_________<br>_________||



Approved by the trustees on 13th September 2024 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 2023** 

## **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 2023** 

## **2 Donations & Legacies** 

|Church collections<br>Tithes and Offerings<br>Total|Unrestricted<br>Total funds<br>Funds<br>2023<br>2022<br>£<br>£<br>39987<br>39987<br>30902|
|---|---|
||39987<br>39987<br>30902|



|**3 Tangible Fixed Assets**<br>**Cost**<br>At 01/01/2023<br>Additions<br>At 31/12/2023<br>**Depreciation**<br>At 01/01/2023<br>charge for the year<br>At 31/12/2023<br>**Net Book Value at 31/12/2023**<br>Net Book Value at 01/01/2023|Instrument Fix & Fitts Equipment Total 2023<br>**£**<br>**£**<br>**£**<br>**£**<br>430<br>250<br>8152<br>8832<br>0<br>0<br>226<br>226<br>|
|---|---|
||____________________________________<br>430<br>250<br>8378<br>9058<br>373<br>167<br>6255<br>6795<br>11<br>17<br>424<br>452|
||____________________________________<br>384<br>184<br>6679<br>7247<br>46<br>200<br>1699<br>1811<br>57<br>83<br>1897<br>2037|



**8** 



## **TRINITY BAPTIST CHURCH NEW ADDINGTON Notes to the accounts for year ended 31st December 2023** 

## **4 Charitable Activities** 

|**Charitable Activities**|**Charitable Activities**||
|---|---|---|
|2023/£||2022/£|
|Hall Hire|4035|3750|
|Professional fees|570|376|
|Pension|1536|321|
|Pastor wages|6962|7077|
|Sundry|0|110|
|Light & Heat|3341|2837|
|Office rent|17700|14400|
|Depreciation|452|508|
|Stationary|0|0|
|Refreshments|220|105|
|Welfare|2170|300|
|Repairs & Maintenance|310|1090|
|Charity Donations|40|100|
|Insurance & License|2323|210|
|Missions|0|40|
|Honorarium|0|0|
|Outreach costs|0|500|
|Software costs|0|0|
|Bank charges|1|2|
|Subscription costs|740|480|
|Rates|2687|2136|
|Media services|0|144|
|Supplies|506|754|
|Advertisements|0|0|
|Admin|0|70|
|Storage costs|0|0|
|**Total**|43593|35310|



**9** 



## **TRINITY BAPTIST CHURCH NEW ADDINGTON Notes to the accounts for year ended 31st December 2023** 

|**5 **|**Other Costs**|**2023/£**||**2022/£**||
|---|---|---|---|---|---|
||Bookkeeping||500||470|
||Total||500||470|



## **Trustee Remuneration** 

Rev Sampson Dankyi  was paid £7200 towards services as pastor of the church All other work was carried out by volunteers. 

|**6 Creditors: amounts falling due within one year**<br>Bookkeeping<br>Creditors<br>Total<br>**7 Debtors and Prepayments**<br>Debtors|2023/£<br>2022/£<br>360<br>380<br>0<br>0|
|---|---|
||360<br>380<br>2023/£<br>2022/£<br>0<br>0|



**10**