Luton Central Baptist Church Annual Report to the Charity Commission In this report the trustees of Luton Central Baptist Church present their report and financial statements for the 2023 calendar year. Registered Address.. 52a Park Street, Luton, LU13ET Church Office Telephone: 01582 422 635 Charlty Reglstratlon Number: 1155929 Trustees: Mrs Kemi Adesida Ifromjanuary to December 20231, Mr Samson Akinola {elderl, Mr lan Benjamin lelderl. Mr Oral Carrington {fromJanuary 20231, Mr Steve Conybeare, Mr John Evans Itreasurerl, Dr Patrice Evans (elder. from January 20231, Rev Andrew Gale (minister, resigned March 2023). Ms Elizabeth Oyedemi, Ms Melanie Quinn, Mr Erwin Tadiar (secretary. elder, resigned March 2023), Mrjoshua Uthayaseelan. Property Trustees: The Baptist Union Corporation Limited, Baptist House, 129 Broadway, Didcot, Oxfordshire, OX11 8RT Banker& Our main bank is Lloyds George St Luton13095281 Branch, Lloyds Bank plc. PO Box 1000, BX1 1LT Church organisations have funds with a number of other banks, and the church has substantial funds with the Coventry Building Society, Kingdom Bank, Green Pastures. and with the Baptist Union Corporation. Independent Examiner: Mr Moses Oluniyi Peters FCCA, Moses Peters & Company. 136 Southwyck House. Moorland Road. London, SW9 8UR fTusteesAnnuul Repotr Luton Centrol 8optist Church Puge l of 3
Charitable Objert: The charity is governed by a constitution adopted 20 July 2010 which states that our principal purpose 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 andlor 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 Strurture and Declslon-making Processes: Members of the church are accepted in accordance with the constitution which requires them to be or to have been publicly baptised on the profession of faith in Jesus Christ, or following other modes of baptism to renew their public profession of faith in Jesus Christ. The church members meeting normally takes place six times per year and has responsibility for the overall policy of the church. Since the pandemic members have been able to participate in meetings via Zoom. In accordance with the constitution, the members appoint up to twelve deacons, who together with the minister and elders (who are also appointed by the members), are responsible for the day to day running of the church and the financial and legal aspetts of the charity. The elders along with the minister also provide spiritual guidance for the church and its members. All members are encouraged to take an appropriate part in the spiritual and practical tasks involved in the furtherance of the charitable objertives, Relevant matters may be submitted to the church meeting by the trustees for guidance, or may be raised by members at the church meeting for further consideration by the trustees. Though the constitution permits decisions to be made at church meetings by appropriate majorities, the church seeks to work by consensus wherever possible. Objectives and Activities: In order to achieve the principal objective which is set out above. the church provides a variety of activities which are available both to its membership and to the community generally. Central to the work and witness of the church is the provision of regular public services of Christian worship which take place on Sundays at 10.45 am with online access via Facebook. Services also take place at Perry Green Baptist Chapel, our branch near Kimpton. The church Seeks to be a friendly and welcoming community and anybody is free to attend any of these services online or in person. The aim is to show the love of Jesus Christ in both word and deed and to bring people into a closer relationship with Him as living Lord. During 2023 our motto text was "Jesus Christ is the same yesterday and today and foreverf from Hebrews 13.8. TrusteesAnnual Report Luton Centrol 8optist Church Poge2 of 3
There are various activities for children and young people, such as Sunday School, a mum's and toys group, and Boys, Brigade and Girls, Association that serve a large number of families not otherwise connetted with the church. Anybody working with children or vulnerable adults is appropriately vetted with regard to the Criminal Records Bureau. The church is dependent on its membership working as volunteers in all aspetts of the church's attivities, many of which run with little or no impact on the church's expenditure, but nevertheless contribute substantially to the achievement of the church's objectives. Flnanclal Review. The financial results for the year, together with a Summary of the accounting policies adopted are set out in the accompanying financial statements. This report is followed by the independent examiner's report. and then by the church accounts. The church raises the funds necessary to carry on its activities from within its own membership and congregation,. no wider public appeal for funds was made during the year. We normally contribute considerable sums to other charities, local, national and international, both through special collections and by setting aside money from our normal income for this purpose. Apart from the giving of the congregation, (and gift aid thereon) the only other source of income is rent from the flats we own in Caddington. and from others using our building or car park. The most significant expense is related to the Salaries of our staff, normally including a minister, a family worker, administrative assistant and cleaners. All but the first of these posts is part-time. At present the money that would have been used to pay a minister is now placed in a deposit account at Kingdom Bank and our financial Situation seems stable. Approval: Signed by two trustees on behalf of all the trustees J EVANS. I BENJAMIN Date ofapproval: OLF crr 2cY24 TrusteesAnnutil Report.- Luton Central Buptist Church Poge 3 of 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LUTON CENTRAL BAPTIST CHURCH (CHARITY NUMBER 1155929) ON ACCOUNTS FOR THE YEAR ENDED 31[ST] DECEMBER 2023 SET OUT ON PAGES ONE TO ELEVEN
I report to the trustees on my examination of the accounts of the above named charity for the year ended 31[st] December 2023 set out on pages one to eleven.
Responsibilities and Basis of Report
As the charity trustees of the above named charity, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the above named charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent Examiner's Statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
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accounting records were not kept in accordance with section 130 of the Act or
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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 to enable a proper understanding of the accounts to be reached.
Signed:
Date: 4[th] October 2024
Examiner's Name: Mr Moses Oluniyi Peters
Relevant Professional Qualification: FCCA
Relevant Professional Body: Association of Chartered Certified Accountants
Address: Moses Peters & Company Chartered Certified Accountants 136 Southwyck House Moorland Road, London SW9 8UR England
LUTON CENTRAL BAPTIST CHURCH INCOME AND EXPENDITURE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 INCOME General: Offerings Gift Aid Tax Re- Claimed (Note 101 Various Donations Caddington INote 151 Miscellaneous Parking Amazon Smile Church Hire 2023 2022 EXPENDITURE Pastoral & Evangelism: 85,549 Minister Administrative Assistant 15,301 Family Worker 175 Speakers 9,806 Youth Work Costs (Note 121 90 Pastoral & Evangelism 1,400 Music Ministry 32 12.808 Total 2023 2022 83,831 7,333 1,900 14,194 2,393 3,076 1,068 1,499 37,298 4,602 13,108 328 2,159 534 957 20,951 3,075 12,542 51 1,215 29 13,258 31,463 58,986 Total 134,952 125,161 Premises (Church Building}: Lighting, Heating & Water Maintenance 1,111 Gardening 120 Insurance 1,231 Cleaning Costs Total 14,934 1,914 3,270 4,199 9,556 33.873 8,118 3,128 2,125 3,252 7,253 23,876 Specific DonatSons: BMS Home Mission Total 1,129 130 1,259 Speclal Collection5: Harvest Christmas Leaving Gift Various Communion Fund Manse Expenses: 355 Energy & Water 248 Insurance O Council Tax 200 Maintenance 1,827 New Manse Survey Total 819 779 195 114 273 660 1,998 3,658 2,229 8,818 263 885 50 1,071 1.907 Tot31 2,269 2.630 Administration: Stationery, Print, Postage & IT 1,600 Photocopier Telephone Miscellaneous INote 131 Total Investment Income: Green Pastures 3,298 2,683 883 5,166 12,030 2,053 2,627 640 5,069 10.389 1,600 Activities & Donatlons: Special Collections Transfer To Communion Fund BMS Home Mission Leaving Gift Various Donations Total 299 1,071 6,451 5,445 885 5,468 19,619 1,352 1,827 6,558 5,312 15,049 Total C/Fwd 140,080 130,622 Total CIFwd 98,892 117,118
LUTON CENTRAL BAPTIST CHURCH INCOME AND EXPENDITURE ACCOUNTS (Continued) FOR THE YEAR ENDED 31 DECEMBER 2023 INCOME 2023 2022 EXPENDITURE 2023 2022 Total BIFwd 140,080 130.622 Total BIFVAI 98,892 117,118 Transfer From Repairs & Renewals Fund: Replacement TV & Brackets Transfer To Repairs & Renewals Fund: Caddington Income 12,542 9,806 332 Transfer To Ministry Fund 27,936 Surplus For The Year 1.042 3,698 Cumulative Total 140,412 130,622 Cumulative Total 140,412 130,622
LUTON CENTRAL BAPTIST CHURCH BALANCE SHEET AS AT 310ECEMBER 2023 2022 TANGIBLE FIXED ASSETS: Properties & Other Fixed Assets (At Costl Caddington Flats (At Costl Total Tangible Fixed Assets Notes 516,007 516,007 245,000 245,OCM) 761.007 761,007 CURRENT ASSETS: B U Corporation Trust Fund TL076 Green Pastures Unsecured Loan Stock Coventry Building Society Account: Balance Held Lloyds Bank Current Account- Balance Held Lloyds Bank Deposit Account- Balance Held Baptist Union Deposit Account.. Balance Held Kingdom Bank Account.. Balance Held Total Current Assets 55,365 40,000 85,239 58,644 8,015 52.958 21,924 322,145 261,768 53,767 40,000 84,562 24,701 7,945 50,793 16 TOTAL ASSETS 1.083.152 1,022,775 REPRESENTED BY BUILDINGS FUND: Church Building 20 & 23 Collings Wells Close New Church Improvements Fixed Assets Purchased Total Buildings Fund 478,896 478.896 245,¢X)0 245,ocK) 9,011 9,011 28,100 28,100 761.007 761,007 B U CORPORATION TRusf FUND 55,365 53.767 OTHER FUNDS: General Fund Communion Fund Repairs & Renewals Fund Projects Fund Perry Fund Ministry Fund Thursday Afternoon Fellowship Total Other Funds 49,616 48,574 5,101 5,380 30,050 17,840 137,851 134,939 14,937 28,132 1,093 1,268 266.780 208.IXII 14 TOTAL FUNDS 1,083,152 1,022.775 The Financial Statements were approved by the board of trustees on 1st Ortober 2024, and were signed on its behalf by: Trustee'5 Name: Signature.. Trustee's Name- Signature..
LUTON CENTRAL BAPTIST CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 Atcountlng Policie5 The actounts have been prepared on the historical cost, and receipts & payments basis. No provision has been made for depreciation in these accounts. Tangible Fixed A55et5 Values for the freehold land at 52A Park Street, and for the Manse at 59 Oakley Rd do not appear on the balance sheet, as the cost or valuation at the time of transfer to Central Baptist Church is unknown. The land & the church building at Park Street, Luton is used for Christian Religious activities. The church building was constructed in 1986, and is currently insured for fire and other risk5 for £3,836,84212022.. £3,707,054). The chapel at Perry Green, near Luton, is built on land held on a deed of grant. It cost £18,813 to build in 1986. The chapel is used for Christian Religiou5 activities, and is currently insured for fire & other risks for £2(x),66912022: £193.8811. The cost was completely amortised at the time of building. The Manse at 59 Oakley Road. Luton provides attommodation for the incumbent Minister employed by the Church. It was built in about 1937, and is currently insured for fire and other risks for £471,81212022.' £464,839). Two flats at numbers 20 & 23 Collings Wells Close, Caddington, were purchased in 2016, and are held on lease from Central Bedfordshire Council. At the time of purchase, 98 years remained on the lease. Each flat is insured by the council for a sum of £90,000. They are let to tenants through Town & Country Markyate Ltd. 2023 2022 Freehold Buildlngs @ C05t: Church at Park Street, Luton Leasehold Properties @ Cost: 20 Collings Wells Close, Caddingto 23 Collings Wells Close, Caddingto Other Fixed Assets @ Cost: Organ & Piano Fixture & Fittings Other Equipment Dishwasher New Amplification Equipment New Cooker New Entrance Doors Total Tangible Fixed Assets 439,658 439,658 122,500 122,500 122,500 122,500 30,132 30,132 19,930 19,930 5,774 5,774 2,753 2,753 3,928 3,928 7,430 7,430 6,402 6,402 761.007 761,007
LUTON CENTRAL BAPTIST CHURCH NOTESTO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 U Corporation Trust Account TL076 Opening Balance BIF Interest 53,767 1,598 52,947 820 Closing Balance CIF 55,365 53,767 General Fund Opening Balance 8/F Surplus For The Year C105ing Balance CIF 48,574 1,042 49,616 44,876 3,698 48,574 Communion Fund Opening Balance BIF Offerings During The Year Interest Isee Note 111 Payments Made Closing 8alance CIF 5,380 1,071 4,383 1,827 50 -880 5.380 -1,350 5,101 Repairs & Renewals Fund Opening Balance BIF Transfer From General Fund Interest Isee Note 111 Replatement TV & Brackets 17.840 12,542 7,873 9,806 161 -332 Closing Balance CIF 30.050 17,840 Projects Fund Opening Balance BIF Interest (See Note 111 Closing Balance CIF 134,939 133,694 2,912 1,245 137.851 134,939
LUTON CENTRAL BAPTIST CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Perry Fund Transfer From Branch Income 13,744 2,414 -1,221 14,937 20 14,957 Expenses Balance Held by Central Cash Held at Branch Closing Balance CIF Minlstry Fund Interest (See Note 111 Transfer to Ministry Fund Closing Balance CIF 196 27,936 28,132 io Gift Aid Tam Reclaimed Received during the year.. Gift Aided Offerings Received during the year.. Small Donations Scheme 18,951 2,0 13,973 1.328 Total gift aid tax reclaimed included in the Accounls 20,951 15,301 li Interest Recerrfed Lloyds Bank Dep051t Account Baptist Union Deposit Account Kingdom Bank Account Coventry Building Society Account Total received during the year 70 2,165 196 677 3.108 793 671 1,468 Apportloned to: Communion Fund (See Note 51 Repairs & Renewals Fund Isee Note 61 Project Fund (See Note 71 Ministry Fund Isee Note 91 TAF (See Note 141 Total Apportioned 50 161 1,245 2,912 196 12 1,468 3,108
LUTON CENTRAL BAPTIST CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 12 Youth Work Costs Youth Activities 1,778 1,074 Family Work/Me5sy Church 184 Boys Brigade 1,298 901 Total payments Included in the Accounts 3,076 2,159 13 Mistellaneous Expenditure Bank Charges Subscriptions Payroll Fees Accounting & Independent Examination Fees Training Other Miscellaneous Total payment5 included in the Accounts 342 803 727 2,976 313 773 801 2,250 40 892 5,069 318 5,166 14 Thursday Afternoon Fellowship Opening Balante BIF Expenses Interest Isee Note 111 1,268 -175 1,426 -170 12 Closing Balance CIF 1,093 1,268 15 Flats at 20&23 Collings Well Close, Caddlngton Rental Income Gross rental income Management fees Maintenance Amount received from Managing Agent Council Service Charge Council Tax 17,400 -2,175 -678 14,547 -2,005 14,702 -2,337 -1,017 11,348 -1,408 -134 Net rental income included in the Accounts Estimated return on total cost for a full year: 12.542 5.1% 9,806 3.7%
LUTON CENTRAL BAPTIST CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 16 Lloyds Bank Current Account: Balance Held Actual balance per bank statement on 1st January Cheqtjes not yet cleared from the account 24,701 62,670 -2,250 Opening balance held on the account 24.701 60,420 Actual balance per bank statement on 31st December Pending deposit to the account 57,328 1,316 24,701 Closlng balance held on the accounl 58,644 24,701 17 Golng Concern The charitws trustees have made appropriate enquiries, and reviewed that the charity has adequate resource5 and sufficient sources of funds available, and are therefore confident that the charity will continue in operation for the foreseeable future, and thus, the trustees considered that it is appropriate to prepare the accounts for the year ended 31 December 2023 on a going concern basis.
LUTON CENTRAL 8APTIST CHURCH STATEMENT OF FINANCIALACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 Restrirtedl Org3nl- Mlnlstry General Deslgnated sations Fund Fund Fund Fund Perry Fund 2023 Total 2022 Total Incoming Resources Offerings Donations Bank Interest BMS & HMF Special Collections Subscriptions Miscellaneous Communion Fund Sub-Totals Transfers In Totals 104,782 3,075 1,071 2,220 108,073 104,732 3,085 337 4,750 2,313 1,259 1,231 2,480 1,049 835 807 28,695 25,804 1,827 2,414 149,177 138,Iixi 40,810 10,196 2,414 189,987 148,296 io 196 4,510 44 1,259 2,269 61 835 150 28,695 196 140,080 27,936 332 28,132 140,412 5.581 12,542 18,123 906 906 Resources Expended Pastoral Premises Manse Expenses BMS& HMF Donations Special Collections Other Activities Sub-Tota15 Transfer to Ministry Fund Transfer to Repairs & Renewals Transfer to GB Trsf to Communion Fund Totals 31.463 33,873 1,907 11,896 6,353 299 12,030 97,821 27,936 12,542 1,350 332 40 667 32,853 59,985 34,872 23,941 1,907 8,818 11,896 11,870 6,888 1,217 299 1,352 264 13,293 12,191 1,221 102.008 119,374 27.936 12,542 175 iio 250 999 1,109 1,857 10,140 56 1,071 1,827 1.221 143,557 131.397 1,071 0 139,370 1,857 1,109 Net Movemenl in Funds 28.132 1,042 16.266 -203 1,193 46,430 16,899 Funds BIF 1st Jan 48.574 213,194 2.404 13,764 277.936 261,037 Funds C/F 31st Dec 28,132 49.616 229,460 2,201 14,957 324,366 277,936
LUTON CENTRAL BAPTIST CHURCH Breakdown of Restrirted & Designated Funds Repairs & Project Renewals Fund Fund Communion TAF Fund BU Corp Fund 2023 Total 2022 Total Fund Incoming Resources Offerings Donations Bank Interest BMS & HMF Special Collections Subscriptions Miscellaneous Communion Fund Sub-Totals Transfers In Totals 1,071 1,071 1827 2,912 1,598 4,510 2288 1,071 2,912 1,598 5,581 12,542 18,123 4,115 9806 13.921 12,542 12.542 1.071 2,912 1.598 Resource5 Expended Pastoral Premise5 Manse Expenses BMS & HMF Donations Spetial Collections Other Activities Sub-Totsls Transfer to Central Transfer to R & R Transfer to GB Trsfto Communion Totals 1,350 1,350 332 880 332 175 175 170 1,350 332 175 1,857 1,050 1,350 332 175 1,857 1,050 Net Move in Funds -279 2,912 12.210 -175 1.598 16,266 12.871 Funds BIF 1st Jan 5,380 134.939 17,840 1.268 53,767 213.194 200,323 Funds CIF 31st Dec 5,101 137,851 30,050 1,093 55,365 229,460 213,194 io-
LUTON CENTRAL BAPTIST CHURCH Church Organisations, Accounts 2023 Total 2022 Totsl BB JUMP LIFT Incoming Resources Offerings Donations Bank Interest BMS & HMF Special Collections Subscriptions Miscellaneous Communion Fund Sub-Totals Transfers In Totals io io 162 61 80 61 835 81 807 68 393 362 393 372 141 906 1,118 390 1,508 393 372 141 906 Resources Expended Pastoral Premises Manse Expenses BMS& HMF Donations Special Collections Other Activities Sub-Totals Transfer to Central Transfer to BB Transfer to GB Trsfto Communion Totals iio iio 102 484 455 455 60 170 999 1,109 826 928 334 56 455 170 1.109 1,318 Net Move in Fund5 -91 -83 -29 -203 190 Funds BIF 1st Jan 1330 838 236 2,404 2,214 Funds CIF 31st Dec 1,239 755 207 2.201 2,404 li-