## Blackhorse Road Baptist Church Report and Accounts Year ended 31 December 2022 1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk BLACKHORSE ROAD BAPTIST CHURCH LEGAL AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2022 ADDRESS FOR CORRESPONDENCE 65 Blackhorse Road Walthamslow E177AS GOVERNING DOCUMENT De¢laralion ol Trust dated O¢lober 2013 CHARITY REGISTRATION NUMBEFI 1154906 TRUSTEES RESPONSIBLE FOR MANAGING THE CHARITY Malcolm Palten (Senior Pastor) Naaman Murphy (resigned October 20221 Christine South (Treasurer) Veronica Neblett (Church Adminislralorl David Arkell Timothy Barker Andrew Brown James Brown lappoinled as Associate Pastor Sep 20231 Veronica Hanson-Allen Jackie MoLJhon Salome Wyatt Iresigned June 20221 CUSTODIAN TRUSTEES London Baptist Property Board Ltd. BANKERS Bar¢lays Bank plc INDEPENDENT EXAMINER Jaimée Young Stewardship 1 Lamb's Passage LONDON EC1Y 8AB INDEX Page 1 Pages 24 Page 5 Page 6 Page 7 Pages 8-9 Legal and Adminislralive Details Trustees. Report Independent Examiner's Report Receipts and Payments Account Statement ol Assets & Liabilities Notes lo the Accounts Page 1 BLACKHORSE ROAD BAPTIST CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022 The Trustees have pleasure in submitting the Report and Awounls lor the year ended 31 December 2022. Objects of the eharlty The charity, which is a church, is governed by a trust deed and is Conslituled as a trust. The charity's principal object, as sel out in ils governing document, is the advancement ol the Christian faith. The Church may also advance education and carry out other charitable purposes in the UK andlor other parts ol the world. Alms and purpose$ The Trustees of Blackhorse Road Baptist Church, with the support of the Covenant Members, Meeting, have a responsibility to ensure that the church fulfils its objectives and also oversee the activities of the hurch. In particular they seek to ensure that the church's legal responsibilities with regard lo Safeguarding, Health and Safety, and Public Liability are fulfilled. They also seek lo steer the church lo ensure it Continues lo develop and grow and serve both its members and the local community well. In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission. Revlew of the ¢harlty'$ maln a¢tlvltle$ and a¢hlevement$ To further the above Obj￿1$ and vision, the charitls main activities and achievements were as follows.. This was the year when church activities and the use ol the building began lo return to normal following the impact ol ¢ovid-19. Tols 'n' Toys, lour toddler groupl, the Bereavement group, the youth group, Guides, the aller school theatre group, and the Migrant Drop-ln all resumed their usual artivities. Our discipleship activities continued with our Grow Groups Ibible study groups) meeting and studying various themes and books of the bible. We have a women's group on Monday mornings, two groups on Monday evening, one on Tuesday evening, an online 'zoom' group and the Iranian Bible Study group. These discipleship groups are supported by WhatsApp groups for sharing news and needs lor prayer. They are the primary means of ollering pastoral Care. At our church meeting in July we agreed lo become a pilot church in the Emmaus Project run by Share Jesus International ISJII. Evangelists from &il will 'walk with us, over two years ollering training, mentoring and consultancy lo help us become more naturally evangelisti¢ as a Church. We launched in November and it will continue till October 2024. This rellecls our commitment to sharing our faith with friends, neighbours and through activities to reach our local community for Christ. At the end of October Assistant Pastor Naaman Murphy ended his service with the church aller almost 20 years. He has been a faithful servant over the years and, with his family, much loved members of our church community. Al his final Sunday tributes were given acknowledging his helpful preaching, his love for the young people and gentle and caring character. The previous weekend he had led a youth weekend away with 17 of the young people, forging new momentum amongst this group and so leaving a legacy lor others lo build on. The leaders began consulting with the church on his replacement and we hope that a new appointment will malerialise by September 2023. Page 2 Our Sunday services are allended by around 70 adults and 25 children, a little lower than before ¢ovid- 19 though we regularly have 20 to 30 people viewing on our livestream. On the 'big occasions such as baptisms, Christmas and Naaman's leaving Sunday we are seeing over 100 adults present. Our sermon series during the year included the '1 AM, sayings of Jesus, the book ol Nehemiah and Psalms. A new preaching team was established to study and plan sermon series collaboratively with the first joint sermon series launched early in 2023 on the book of Hebrews. Our young people covered key events in the Old Testament and encounters with Jesus in their own groups. Our music group developed with more young people taking part plawng instruments, singing, running the multimedia desk and leading the services. In October we hosted 'lf Prison Walls Could Speak,, a compelling one-man dramatic presentation of the story ol persecuted Christian, Petr Hasek. Presented by the Artless Theatre Company with remarkable special ellects it was well attended and appreciated by Christians and non-christians alike. As part ol our commitment lo our local community, the church Continued lo support the local council by hosting vaccine Clinics and collaborating with Christian Kitchen Ithe local soup kitchen) to enable ouncil and NHS services lo be made accessible lo hard-to-reach members of the local community. We also hosted residents, meetings and Ward Panels IPolicelresidenl liaison meelingsl. Stru¢ture, governan¢e and management Responsibility for setting policy and lor making operating decisions rest wth the trustees who meet regularly to monitor the activities ol the charity. New Iruslees are appointed by a majority vote at the Annual General Meeting, with recommendations submitted to the elders prior to the AGM. The Trustees provide the overall governance of the church and mel together monthly. We monitored the relaxation ol reslriclions and regulations as a result ol covid-19 and developed our vision lor oming out ol the pandemic with a steady hand and empowering our church Community to continue lo lulfil our vision ol 'Living lor God, growing together and sharing Jesus,. We held our AGM in July when Salome Wyatt stepped down as an Elder and Christine South agreed to continue as Acting Treasurer until a new Treasurer can be appointed. We established a new Safeguarding Team to monitor ompliance with our policy, deal with any ¢on¢erns and ensure DBS checks and training is up lo date. We linked up with Greenleal Baptist Church to provide training at Baptist Union level 2 lall workers with young people or at-risk adu￿$) and level 3 (for trustees and key leaders). Financial review During the year income increased by £4,300, to £123,100, and expenditure increased by £7,200, 10 £97,000. As a result the cash held by the Charity increased by £26,100, to £155,200, 01 which £151,000 is unrestricted and can be used for any charitable purpose. Our most significant outgoings are the Ministers, stipends and building maintenance and we have plans lor improvements which will require significant funding over the next lew years. The ¢ovid-19 pandemic has significantly impacted on these plans but we expect lo be able to regain the momentum in this respect in 2023 with our Archite¢l already re-engaged. We remain thankful that God continues lo provide through the generous giving of his people and we also saw our hall rentals increase. Reserve$ poll¢y The Trustees regularly review our income and spending lo ensure that donations and assets are used lo meet our objectives. The trustees have determined that the charity should aim to hold unrestricted cash ol no less than £25,000 Iwhi¢h equates lo about 3 months of unreslricled expendilurel so that the charity Could onlinue to operate should income and l or expenditure vary adversely. Al the year end, the charity held unreslricled cash of £151,000 and the charity is holding excess funds lor the purpose of planned improvements Imenlioned abovel. See also note 5 to the awounls. Page 3 Respon$ibilities of tru$tee$ Charity law requires us as Trustees to prepare financial statements lor each accounting year which record the receipts and payments ol the Charity for the year. We are responsible for keeping proper a￿ounting records which disclose with reasonable accuracy at any time the financial position ol the charity and enable us to ensure that the financial statements omply with the Charities Act 2011. We also have a responsibility lo safeguard the assets ol the charity and to take reasonable steps lo prevent fraud or any other irregularities. Approval This report was approved by the trustees and signed on their behalf by.. Revd Malcolm Pallen Dale.. 28 September 2023 Page 4 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BLACKHORSE ROAD BAPTIST CHURCH report lo the trustees on my examination of the accounts ol Blackhorse Road Baptist Church Ithe charity'l lor the year ended 31 December 2022 on pages 6 10 9 following. Re$pon$ibilitie$ and basi$ of report As the trustees ol the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'lhe 2011 Act'}. I report in respect ol my examination of the charity s accounts Carried out under section 145 01 the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come lo my attention in connection with the examination giving me cause lo believe that in any material respect= accounting records were not kept in accordance with section 130 01 the 2011 Act,. or 2. the accounts do not accord with the accounting records. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order lo enable a proper understanding of the awounls lo be reached. Jaimée Young Stewardship 1 Lamb's Passage LONDON EC1Y 8AB Dale.. 05 October 2023 Page 5 BLACKHORSE ROAD BAPMST CHURCH RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2022 nresirieted Fund General Designated Funds Funds Restricted Funds To 2022 Total 2021 Notes Inconje rece*ts Donations Gitt aid receipts Legacies (Xher grants Income from charitgble activities Income Irorn letbng ol lacilibes Other 87.026 16,474 1,000 88,140 16,474 78,271 16,857 15,899 4,240 4,240 1,526 510 228 7,260 332 11.653 rolBlrecelpts 117268 624 123 132 118847 Paymenls Payments lo charitable aetivilies undertaken directly 80.848 5,423 69 86,340 80,025 aetivilies undertaken by others 375 9,249 1,020 10,644 9,764 rolBIpayn￿nts 89 789 Nel of receipts I Ipaymentsl before Iranslers 56,046 26,148 29,058 Transfers between funds 127.7781 27.758 20 Net movemenl in funds 8.267 13.710 26,148 29,058 Cash funds as al lasl year end eash funds at this yearend 47.982 81.034 49 129,065 100,007 56.250 94.744 155214 129065 The notes on pages 8-9 lomi part oflhe5e accounts. Page 6 BLACKHORSE ROAD BAPnST CHURCH STATEMENT OF ASSETS AND LIABILITIES FOR THE YEAR ENDED 31 DECEMBER 2022 Unresiricied Funds General Designated funds funds Reslricled funds 2022 2021 A CAsh lunds Cash ai bank ￿ryth immediate access Notice dewsi Petty cash 36,666 19,536 48 56,250 4.220 40.886 114.280 15.837 113.180 94.744 94,744 4,220 155,214 129,065 Other monetory assets Gift aKI due lo charity 18.970 18.970 16.426 e Ltsbllilleg Falling due within one year.. Note 6 7.351 204 NEST pension Fee for Independent Examination 1,020 1,020 1.020 1.020 1.020 8.575 Falllng due alter one year= Pension Note 6 149 149 TolBI D Assets retslned lor charlty's own use 2022 insurance Fund lo Purchase Cost whieh asset value belon Church prq)erty Manse I (purchased 19951 Manse 2 (purchased 2￿9> Church eonlenls Endowment General General General 31.11M) 150.0 272.460 60.695 The properties are shown al original cost. The ehureh property Is held as endowment so that the proceeds of s￿e can onlybe used lorlhe purchase ol another buikling. The trustees have used Insurance values for ehureh eontenls as Ihe lyuslees are unable to reliably estimate eurrenl values.. The aecounls were approved by the Iruslees and signed on Iheir beh￿1 dale Revd Malcolm Patten 28 September 2023 The notes on pages 8-9 form part ol these aecounls. Page 7 BLACKHORSE ROAD BAPTISTCHURCH NOTES TO THE ACCOLINTS FOR THE YEAR ENDED 31 DECEMBER 2022 1 Accounling polld85 Th& accounls havg bggn ptgpargd on a rgcgpts ar￿ patrThgnts basis ard comprisg a slaToThgnt Ihal shows thg charivs rgcèipts paymgnts. a slatgmgnt T￿1 s￿MarIS￿S charity's assgts and 113bilitigs and rglalgd notgs accounlancy profgssion havg d&te￿ingd that only accounts prwarod In accordancg with aPpI￿a￿ accouThtiry sTa￿a[dS prosgnt a Iru& and fail, vigw a￿. as Ihgsg rocgipts ar￿ paym&Thts accounts mt la￿ canmtl b& ptgpargd In accordar wrth accountlll9 star￿ardS. th8s8 accounls do pres￿1 lar￿ ar8 ￿t Int￿r￿￿d to pr8s8ntl a'tru8 ar￿ fair, vi&w of th& charty's fina￿la1 activrtiés ar￿ slate of aflairs. G8n8tal lUr￿S ai8 UnT88trLtsd knds which ar8 availab￿ at th8 d￿cretion of In fu￿￿ar￿a of lh8 98n8ral ￿1￿Cliv￿8 lh8 charity. D8si9nat8d furds compris8 ￿￿[￿str￿￿d funds that hav8 b88n sét asid8 by lh8 for partIc￿ar purposes ￿eS1r1ct￿d furds at8 donations are to b uséd In aCCorda￿￿￿hspeC11￿ I￿str￿lOnS impos8d bydonots.th8y I￿l￿d8 dOnal￿nS r8c8Nédfrom appé& forsp8crfic activili&s 01 proiécls. Unr￿lri G8￿ra1 d8 Fu￿S Desig￿tsd tunds Total FUr￿S 2022 2 PayThntsln r8L4tlan toChartt•￿0•rtlvltl￿5 unthrtak8ndlr8ctty EThployTh8ntcosls Mans8 8xp￿s@s. I￿1￿1￿ Insuranc8 lainManc8of bU1￿1n9S & Nrth4 Nrth4 54.642 5.283 6.234 3.409 54.642 5.283 8272 3.409 58.586 5.877 3.674 2,039 Church Insurancg ar￿ I￿￿nc@S Church activilios Includin9 0￿r￿ach Youth and chi￿ra￿S wo (kn￿nar Adrninistration and S￿rt CAh&rcosts 2.052 3,356 3.356 960 143 960 28 28 86.340 26 80.025 80.848 3 G￿t5 and 91tts Pa￿ to others BU Hom8 m￿s1On 900 900 Organisatlolls < £1, 375 7,750 599 1,020 599 10.644 364 375 Transxllons wlth r8lat8d partl85 Trusl88s M. Patt8n ard N. Murphy s￿¥￿d as Faslors Iminislersl and w818 paid £26.770 and £20.62512021. £26.500and £24.5001[8sp￿1￿￿￿OrSa￿ry capacty. nol lot So￿1￿ as tmstggs.thgs&paymgnls arg pgrmitt£d by Ihg charity's govor￿￿ docurngnt In addition th&charily IrLuirgd èxpgrdilurg lolallin9 £5.28S12021.- £5.874 In rgspgct ol provis￿￿ of accommodalion Iwthh Is customary for minisl8rsl sot thgy could bgttgrportoim th￿1rd￿l￿S No payThgThts w8rg mad&to any olh8r ot P8[so￿ r8latéd toth8m. &x£￿fOr r81m￿rSe￿￿nt ol &xp8nsés paid 0￿0￿b&ha￿ ol th&charity. Pa988 BLACKHORSE ROAD BAPTISTCHURCH NOTES TO THE ACCOLINTS FOR THE YEAR ENDED 31 DECEMBER 2022 MowThnt offunds Closin9 balar bala￿8 Paym8nl8 Transf8rs G8rVa￿fUr￿￿ D8Sl9nalod f￿dS Tit Fglluwship 47.982 181,2231 56.250 5.503 2.639 5.468 18,2781 19991 8.740 P8OP 13,3561 12,0391 44.722 13.054 55.n7 sg 20.000 20.000 160 Siz8wdl Hall 117,892 195,8951 R88trLlédfu Worngn's Bibl& St Watm 5pacos Pr￿aCt Tothur 49 4,240 700 300 5,240 1691 17201 13001 20 49 20 123 132 Th8 Tilh8 F￿d was 8slablish8d th8 church Th8mb8rs administ8r8d ty Is d8rivéd from a of all 98n8ral lUr￿S off8riws plus a lith8of any 9ffts of189aciés lo1h@g8￿￿fUr￿￿ Th8 Fglluwship Fund was ct8atéd by th8 Church In 1986. It ￿ to b8 adThini8t8réd for th8 of th8 m8Thb8rs of th& 18lh)wship In ty th D8acorts Itmstggs Th8 Folkard Fur￿ Is anticipatéd to b8 uSédforf￿￿r&b￿￿1￿g d&v81￿m￿nt woths. Th8 Youn9 P￿18 Is us8d ￿prOVId￿ r￿D￿rCaS ar￿ S￿sId￿@aClIVlIl￿S foryoury p8opl&inourchurch ar￿ community Th8 Buildiry Fund was ci8al8d wrth th& obiéctiv& of ￿￿ntIlY1rQ mon8y hav8 s￿ratsd to in th8 church ￿1￿Ing a Ma￿8S CAtr*rd&sionat8d Includ8s fU￿S lob& ￿ad lot Wom&Ths and M8n's min￿li18S In th&church community Th8 r￿S￿￿ Is s￿wn asd8signat8d and can b8 Iransf8Th8d usin9 lh8 tsusts8s' discr8tion. Warm Spac8s Pro1￿1 8￿8c collaboralion th& wome￿ Failh N8Moth to run a Cornmunily Kilch8n from our C￿￿ch Wl. This Is tund8d by LB Waltharn Fot8st'sWann Spacgs fu￿1 T8arfurd. A quart8rlysp8cial Col￿tion Istak8Th Int￿￿ChUrch S￿r￿&lnS￿ppOll 0fTÉartur￿ charity- uk￿n￿. Coll8Ction for UCL Hospitals Charrtyfor Ukrainian youry p8opl& hav8 com& over h8r8 ￿ ca￿ar tréalTh8nt Ih811 n88d for 8wli88 whik In UK 6 Th8 Baptlst ￿nsIon Sch8m Fi8viously Btylst Sch8m&'s now clos8d d&fin8d b8￿fil sch8m& had rwrtin9 a lur￿1￿9 d8ficil ar￿ C￿tIty had b88n making contrib￿lOnS lo tr*lp mak8 go￿ lh8 shortlall. Th8 Bap1￿1 P8nsion Sch8m8 proV￿￿d 8srimal8s forth8 chariws shai8 of lh8 f￿diry d&ftit and th8 8Stimat@ al th&year8￿was Includ8d as a monétary Iithlily Inth8 Slat8m8nt ol ASs￿tS￿r￿ Liabilili@s. In July 2022 Bapiisl POns￿n rvach8d an with an Ir￿ura￿@ cornpary. c￿l￿d Just. to sécur8 bgrvafils payablg undgl th& now clos£ddglinod b￿￿frt pgnsion schgmè l DB Sch8m&'l Thg prgmiurn payabl&toJusl wasfavouiablgard. afl8r lh8 liansacl￿ThWrth Jusl. DB Schgmg lorygr has afurding d&f￿rt. It will lakg som&tim&to compl&tg procgss ard. uThtil rt Is com￿￿t8. somè risks rornain. Bas£d on cuirgnt valu8S th8 Eaptist p￿s1O￿ Wigv8s It has Suff￿1￿nt assgts lo cornplglg thg ptocgss WIt￿Ul r¥uirin9 additional contribthions frorn panic1￿￿11￿ gmploy8rs b￿. b8caus&somg ￿kS th r8main. thècharrtyhas bg8n askod to makg a nomi￿1 monlhlycon1ii￿1￿Tr0f £1 10 DB Irom Aug￿1 2022 Pa989