FERNDALE BAPTIST CHURCH LTD REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDING 31[st] DECEMBER 2021
Ferndale Baptist Church Limited A Company Limited by Guarantee
Charity Number: 1156596 Company Number: 08858945
Page 1
Index to the Report and Financial Statements
| Reference and Administrative Details | 3 |
|---|---|
| Trustees’ Annual Report | 4 |
| Independent Examiner’s Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 10 |
Page 2
Reference and Administrative Details
Charity: Ferndale Baptist Church Ltd.
Registered Office: North Avenue, Southend-on-Sea, SS2 4ET.
Charity Number: 1156596
Company Number: 08858945
Governing Document: The Charity is governed by the Memorandum and Articles of Association of FERNDALE BAPTIST CHURCH LTD , incorporated on: 1[st] January 2014
Trustees:
Rev Prof Stephen Dray, Mrs Maureen Baker, Steven Dalley, Margaret Davidson, Michael Hartwell
Other Officers:
Mrs Carolann Chapman, Mr. Robert Dalgarno, Mr. Kenneth Davidson, Mr. Gordon Pinner, Mrs Rosemary Cole. Independent Examiner: Sally Wainwright, Et Voila Accountancy Services Limited, Isis House, Smith Road, Wednesbury, West Midlands, WS10 0PB
Bankers: HSBC Bank, 33, Town Square, Basildon, Essex, SS14 1BA
Insurers: The Baptist Insurance Company PLC, Beaufort House, Brunswick Road, Gloucester, GL1 1JZ
Page 3
Trustees’ Annual Report for the period ended 31[st] December 2021
The Trustees present their report and financial statements of the Charity for the year ended 31st December 2021 The financial statements have been prepared in accordance with and comply with applicable law.
Governing Document:
The Charity is governed by the Memorandum and Articles of Association of FERNDALE BAPTIST CHURCH LTD , incorporated on: 1st January 2014
Objectives and Activities for Public Benefit:
The objects of the Charitable Company are the advancement of the Christian faith according to Baptist principles and the Charitable Company may also advance education and carry out other charitable purposes in the United Kingdom and/or other parts of the world.
The trustees confirm that they have complied with their duty under Section 4 of the Charities Act 2011 having due regard to the guidance published by the Charity Commission including public benefit guidance.
Review of Developments, Activities and Achievements
Activities at the Church and Community Hall continued to be impacted by Covid restrictions for much of the year. We continued to keep our Sunday services open and “in person” as much as possible throughout 2021. Attendances were good in terms of Church Members wanting to meet together and not delaying their returns to in-person services post-Lockdown.
The Friday Bible Study Group resumed meeting together in person in May and our Sunday evening prayer meetings resumed in September.g p y y g p , g g
lonely or isolated, particularly after these Lockdowns. We called this activity, “Young and Old Sing Together” as it included a short time of singing. The group started slowly, but was beginning to gain momentum by the end of the year.
New hires of the Community Hall included:
-
A sensory session for young children
-
A card making group for older folk
-
Our monthly “Little City - Southend” hire for pre-school children continued to be very successful
-
We hosted a Council-led series of sessions for children and their parents/carers, under A Better Start Southend
-
project’s “Henry” Programme.
A small amount of progress was made on the clearing of the kitchen and old toilets for the upcoming Building Project. All gas pipes and the old gas boiler were removed from the building, and the kitchen sink was connected to the new electric boiler over the new toilets. We continue to work with a builder and our architect to clarify details and costs of the upcoming work, which we hope will begin soon.
We have continued to support local, national and international charities through our monthly Blessing Box collections. Charities supported in 2021 included: Open Doors, Practical Action, Havens Hospices Southend, Amnesty International, Gold Geese, Cystic Fibrosis Trust, Water Aid, Christian Aid, Asia Link, Prison Fellowship and National Brain Appeal.
Our Minister, Steve Dalley, continues to act as a Trustee for the St. Luke’s Community Association. Steve stepped down as a Trustee of the Southend Foodbank during the year, to release time and energy for other activities. Ferndale continues to provide a venue for a Distribution Centre of Southend Foodbank. This is run by a team of five Church Members.
Page 4
Financial Review
Overall income for the year was £78,279 (2020 - £85,022). Total expenditure for the year was £53,767 (2020 - £73,505),
resulting in an overall surplus of £24,512 (2020 - £11,517 surplus).
The Charity has no long term liabilities.
The financial position of the Charity, which is under on-going review by the Trustees, is considered satisfactory.
Risk Management
The Trustees have examined the potential risks which the Charity faces and confirm that measures to minimise risk have been put in place.
Responsibilities of the Trustees
The Charities Act 2011 and the Charity’s constitution require the Trustees to prepare annual accounts which give a true and fair view of the state of affairs of the Charity and of its surplus or deficit for the year. In preparing such statements, the Trustees are required to:
-
Select suitable accounting policies and apply them consistently;
-
Make judgements and estimates that are reasonable and prudent;
-
Presume the Charity will continue in operation.
The Trustees are responsible for keeping proper books of account. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for prevention and detection of fraud and other irregularities.
Approved on behalf of the Trustees and signed on their behalf by Mr Steven Dalley on 15/08/2022
Page 5
Independent Examiner's Report
I report on the accounts of Ferndale Baptist Church Limited, Southend-on-Sea for the period ended 31 December 2021, which comprise the Statement of Financial Activities, the Balance Sheet and the related notes.
Respective responsibilities of the Trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
●examine the accounts under section 145 of the 2011 Act;
*to follow the procedures laid down in the general Directions given by the Charity Commission under section of the 2011 Act; and ●to 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 Commission. An examination includes a review of the accounting records kept by the charity 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 no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent examiners statement
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements ●to keep accounting records in accordance with section 130 of the 2011 Act; and ●to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Miss Sally J Wainwright ACMA - Et Voila Accountancy Services Limited
Page 6
Statement of the Financial activities for the period ended 31[st] December 2021
| Incoming resources Note Incoming resources from generated funds 2.1 Voluntary income Activities for generating funds 2.2 Incoming resources from charitable activities Other incoming resources 2.4 Total Incoming resources Resources used Cost of generating funds Cost of Generating voluntary income 3.1 Charitable activities 3.2 Governance costs 3.3 Total resources used Net incoming / outgoing resources before transfers Gross transfers between funds Building Transfer Total funds brought forward Total funds carried forward |
General Designated Total 2021 Total 2020 57,353 57,353 69,056 8,372 8,372 7,708 12,554 12,554 13,058 |
|---|---|
| 78,279 78,279 89,822 46,895 46,895 69,744 4,226 4,226 3,922 2,646 2,646 4,639 |
|
| 53,767 53,767 78,305 24,512 24,512 11,517 798,301 776,458 786,784 |
|
| 822,813 800,970 798,301 |
Page 7
| Balance sheet as at 31st December 2021 Fixed assets Note Tangible assets 4 Current assets Debtors 5 Cash at bank and in hand Totals Creditors Creditors amount falling due in one year 6 Net current assets Total Assets Represented by general fund Building Transfer Funds of the charity |
General Designated Total 2021 Total 2020 754,597 754,597 758,629 |
|---|---|
| 18,000 18,000 11,700 50,568 50,568 28,569 |
|
| 68,568 68,568 40,269 |
|
| 352 ) ( 352 ) ( 597 ) ( 68,216 68,216 39,672 |
|
| 822,813 822,813 798,301 77,813 77,813 53,301 745,000 745,000 745,000 |
|
| 822,813 822,813 798,301 |
Page 8
Statement of Financial Activities for the period ended 31st December 2021 (Continued).
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2021.
The members have not required the charitable company to obtain an audit of its financial statements for the period ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
a. Ensuring that the charitable company keeps accounting records that comply with Section 386 and 387 of the Companies Act 2006 and
b. preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Section 396 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company,
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).
The financial statements were approved by the Board of Trustees on ...........................................and were signed on its behalf by:
Page 9
Notes to the financial statements for the year ended 31st December 2021
1. ACCOUNTING POLICIES
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (FRSSE), the Charities Act 201 1 and the Charities Statement of Recommended Practice (SORP).
Funds
General funds represent the funds of the company that are not subject to any restriction regarding their use and can be used in accordance with charitable objects at the discretion of the trustees. Funds designated for a particular purpose by the company are also unrestricted.
Incoming Resources
Collections and donations are recognised when received or earlier where advised as receivable. Income tax recoverable on gift aid donations is recognised when the donation is received. Rental income from lettings is recognised when the rental is due. Interest is accounted for when receivable.
Resources used
Expenses are recognised when incurred and are apportioned to the category to which they relate. Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation.
Fixed assets
Land and buildings:
The Land and buildings were transferred from the London Baptist Property Board to the charity. As the trustees feel that the property value will not decrease no depreciation has been charged
Other fixtures, fittings and office equipment:
Equipment used within the church premises is depreciated on a straight line basis over four years. Individual items of equipment with a purchase price of £1,000 or less are written off when the asset is acquired.
Current assets
Amounts owing to the company at 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove un-collectable.
Pensions
The charity operates a defined contribution pension scheme arrangement. Contributions are charged in the period to which they relate. These contributions are invested separately from the charity's assets.
Taxation
The charity is not registered for Value Added Tax (VAT) and accordingly expenditure is shown gross of irrecoverable VAT. The VAT incurred from time to time on certain fabric repair and maintenance expenditure can, however, be recovered under the Listed Places of Worship Grant Scheme. The charity is exempt from corporation tax on its charitable activities.
Page 10
Notes to the financial statements for the year ending 31st December 2021
2 Incoming resources
| 2.1 Incoming resources from generated | funds -Voluntary income | funds -Voluntary income | ||
|---|---|---|---|---|
| General | Designated | Total 2021 | Total 2020 | |
| Collections | 578 | 578 | 26,024 | |
| Planned giving | 1,200 | 1,200 | 1,200 | |
| One off Gift | 28,205 | |||
| Donations | 3,606 | 3,606 | 997 | |
| Grants | 500 | |||
| Tithe | 16,038 | 16,038 | ||
| Offering | 8,769 | 8,769 | ||
| Weddings and Funerals | 619 | 619 | ||
| Blessing Box | 1,293 | 1,293 | ||
| Building Fund Cash & Donations | 18,450 | 18,450 | ||
| Gift Aid reclaimed | 6,300 | 6,300 | 12,630 | |
| Totals | 57,353 | 56,853 | 69,056 | |
| 2.2 Incoming resources from Generated | funds -Activities for generating funds | |||
| General | Designated | Total 2021 | Total 2020 | |
| Hire of Church | 645 | 645 | 1,912 | |
| Hire of halls | 7,727 | 7,727 | 5,796 | |
| Totals | 8,372 | 8,372 | 7,708 | |
| 2.3 Incoming resources from charitable | activities | |||
| 2.4 Other incoming receipts | General | Designated | Total 2021 | Total 2020 |
| Rental income -Selwyn Road | 8,854 | 8,854 | 8,258 | |
| Partnership Support | 3,700 | 3,700 | 4,800 | |
| Night Shelter | ||||
| Totals | 12,554 | 12,554 | 13,058 | |
| Incoming resources Grand totals | 78,279 | 77,779 | 89,822 |
Page 11
Notes to the financial statements for the year ending 31st December 2021
3 Resources used
3.1 Cost of generating funds -cost of generating voluntary income
| Pastor -Salary Baptist pension scheme Current Baptist Pension Scheme Current Minister Pension Contribution Pastor -Training and retreats Pastor -other expenses Christian ministry housing costs Church and Hall - Light and heat Church and Hall - Water rates Church and Hall - Insurance Church and Hall - Cleaning / gardening Church and Hall - Fabric repairs and maintenance Church and Hall - Equipment repairs and maintenance Church and Hall -Service expenses Depreciation of Office Equipment Selwyn Rd -Letting fees Selwyn Rd -Council tax Selwyn Rd -Repairs and maintenance Totals |
General Designated 2021 2020 26,153 26,153 25,367 3,695 3,695 2,724 1,638 1,638 1,575 80 80 19 2,903 2,903 1,967 634 634 1,192 2,291 2,291 2,308 1,954 1,954 1,907 3,150 3,150 28,142 365 365 4,032 4,032 4,543 |
|---|---|
| 46,895 46,895 69,744 |
Page 12
Notes to the financial statements for the year ending 31st December 2021
3. 2 Charitable activities
| 3. 2 Charitable activities | |
|---|---|
| Church -Outreach Blessing Box Training Projects Telephone/ Broadband Stationary / Photocopying / Printing Photocopier leasing costs Subscriptions Advertising Bank charges -Church Licenses Waste Charitable activities total 3.3 Governance costs Accounting services Legal expenses including architects fees Totals |
General Designated Total 2021 Total 2020 384 384 861 1,018 1,018 950 950 598 598 846 80 80 173 924 284 284 275 120 120 843 10 10 35 35 747 747 |
| 4,226 4,226 3,922 General Designated Total 2021 Total 2020 481 481 456 2,165 2,165 4,183 |
|
| 2,646 2,646 4,639 |
Page 13
Notes to the Financial Statements for the year ended 31st December 2021.
4 Fixed assets
| Cost At 31 December 2021: At 31 December 2021: At 1 January 2021: 5 Debtors and Prepayments Overpayment S E Christian Fellowship Income tax (gift aid) recoverable 6 Creditors less than one year Accruals Net book value At 1 January 2021: Additions: At 31 December 2021: Depreciation At 1 January 2021: Charge for year: |
Office Equipment £ 24,354 24,354 (10,725 ) (4,032) (14,757) 9,597 |
Buildings £ 745,000 745,000 - 745,000 |
Total £ 769,354 |
|---|---|---|---|
| - | |||
| 769,354 | |||
| (10,725 ) | |||
| (4,032) | |||
| (14,757) | |||
| 754,597 | |||
| 13,629 | 745,000 | 758,629 | |
| 2021 £ - 18,000 18,000 2021 £ 352 |
2020 £ - 11,700 11,700 2020 £ 597 |
Page 14
Notes to the Financial Statements for the year ended 31st December 2021.
7 Related parties
No payments were made to individuals for their being Trustees.
There is no other organisation or individual who is considered to be a related party of the Church.
8 Pensions
The church pays into the pension for the minister who is a trustee, Mr Steven Dalley. This is in his capacity of a minister, not a trustee. The total pension cost for the Church is £4,299 (2019 £5,795). This is split into two amounts; namely the pension contribution for the current Minister and a historic pension debt repayment for previous Ministers, currently being paid off for the next 9 years at a cost of £307.95, £296.08 (2020) per month. This repayment is made to the Baptist Union in regard to ongoing deficiency contributions.
Page 15