FERNDALE BAPTIST CHURCH LTD REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDING 31[st] DECEMBER 2022
Ferndale Baptist Church Limited A Company Limited by Guarantee
Charity Number: 1156596 Company Number: 08858945
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Index to the Report and Financial Statements
| Reference and Administrative Details | 3 |
|---|---|
| Trustees’ Report | 4 |
| Financial Review | 5 |
| Independent Examiner’s Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 10 |
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Reference and Administrative Details
Charity: Ferndale Baptist Church Ltd.
Registered Office: North Avenue, Southend-on-Sea, SS2 4ET.
Charity Number: 1156596
Company Number: 08858945
The Charity is governed by the Memorandum and Articles of Association of FERNDALE BAPTIST CHURCH LTD , incorporated on: 1[st] January 2014
Trustees:
Carolann Chapman , Steven Dalley, Margaret Davidson, Kenneth Davidson
Other Officers:
Rosemary Cole, Glyn Gould, Lee Regan, Fiona Regan, Jennifer Dalley.
Independent Examiner:
Sally Wainwright, Et Voila Accountancy Services Limited, Isis House, Smith Road, Wednesbury, West Midlands, WS10 0PB
Bankers:
NatWest Bank, Wickford (B) Branch, 63 High Street, Wickford, Essex SS12 9AH
Insurers:
The Baptist Insurance Company PLC, Beaufort House, Brunswick Road, Gloucester, GL1 1JZ
FERNDALE BAPTIST CHURCH
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TRUSTEES’ REPORT 2022
Review of Developments, Activities and Achievements
With an end to Lockdown conditions from December 2021 onwards, we were able to host further new hires and activities in the Church and Community Hall. The Brethren In Christ congregation returned to meeting in person, and we experienced a surge in demand for hiring the Community Hall for children’s birthday parties on Saturday afternoons.
The “Young and Old Sing Together”, which we renamed “Coffee and Sing”, grew in terms of attendances over the course of the year. The Tuesday morning Card-making group also returned to in-person meeting, running at the same time as “Coffee and Sing” but in the Church/Sanctuary area.
The Church’s weekly Bible Study and monthly Prayer Evening continued over the year. We also formed a new Home Group meeting at the house of one of the Deacons and this has become a weekly activity. Several of the new Deacons, along with the Minister, continued to attend a Leadership Development Course being held at another local church.
New hires of the Community Hall included:
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A Pilates group meeting on a Monday morning on a weekly basis
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The Hall being used as a venue for Covid vaccinations.
Progress continued on the stripping & refitting of the kitchen, and the conversion of the old toilets into a new meeting area. Work on this project was slow but we hope things will quickly improve and good progress will be made during 2023. We received some generous and significant donations for the Building Fund. We also successfully managed to switch to a new bank account, meaning that it would be easier to segregate and designate dedicated funds.
We have continued to support local, national and international charities through our monthly Blessing Box collections. Charities supported in 2022 included: The Ukraine Relief Fund, Christians Against Poverty, Dementia UK, The Evelina Children’s Hospital, Open Doors, Prison Fellowship, Haemophilia Society, Parkinson's UK, Havens Hospices, Motor Neurone Disease Assoc and OM (Operation Mobilisation).
Our Minister, Steve Dalley, continues to act as a Trustee for the St. Luke’s Community Association. Steve also became a Trustee for The Isaiah Project during 2022. We are planning that The Isaiah Project will move an office base and staff into the Church’s existing office at the beginning of 2023.
Ferndale Baptist Church continues to provide a venue for a Distribution Centre of Southend Foodbank. This is run by a team of five Church Members. Over the course of the year, we witnessed a significant increase in the number of people attending the Foodbank requiring food assistance.
Improvements to the building included the installation of a new sound system and hearing loop in the Church/Sanctuary.
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Financial Review
Overall income for the year was £88,807 (2021 - £78,279). Total expenditure for the year was £62,225 (2021 - £53,767),
resulting in an overall surplus of £26,582 (2021 - £24,512 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:
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Select suitable accounting policies and apply them consistently;
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Make judgements and estimates that are reasonable and prudent;
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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 13/9/2023
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Independent Examiner's Report
I report on the accounts of Ferndale Baptist Church Limited, Southend-on-Sea for the period ended 31 December 2022, 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
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Statement of the Financial activities for the period ended 31[st] December 2022
| 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 2022 Total 2021 70,391 70,391 57,353 17,155 17,155 8,372 9,261 9,261 12,554 |
|---|---|
| 96,807 96,807 78,279 55,080 55,080 46,895 6,689 6,689 4,226 481 481 2,646 |
|
| 62,250 62,250 53,767 34,557 34,557 24,512 822,813 822,813 798,301 |
|
| 857,370 857,370 822,813 |
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| Balance sheet as at 31st December 2022 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 Designate d Total 2022 Total 2021 754,265 754,265 754,597 |
|---|---|
| 26,000 26,000 18,000 77,482 77,482 50,568 |
|
| 103,482 103,482 68,568 |
|
| ( (377 ) ( (377 ) ( (352 ) 103,105 103,105 68,216 |
|
| 857,370 857,370 822,813 112,370 112,370 77,813 745,000 745,000 745,000 |
|
| 857,370 857,370 822,813 |
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Statement of Financial Activities for the period ended 31st December 2022 (Continued). The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2022.
The members have not required the charitable company to obtain an audit of its financial statements for the period ended 31 December 2022 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 13[th] September 2023 and were signed on its behalf by Steven Dalley.
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Notes to the financial statements for the year ended 31st December 2022
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.
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Notes to the financial statements for the year ending 31st December 2022
2 Incoming resources
| 2.1 Incoming resources from generated | funds -Voluntary income | funds -Voluntary income | |
|---|---|---|---|
| General | Designated Total 2022 | Total 2021 | |
| Collections/ Offerings | 11,233 | 11,233 | 9,347 |
| One off Gift | |||
| Donations | 1,660 | 1,660 | 3,606 |
| Grants | 119 | 500 | 500 |
| Tithe | 15,121 | 15,121 | 17,238 |
| Weddings and Funerals | 619 | ||
| Coffee & Sing | 1,183 | 1,183 | |
| Flower Fund | 115 | 115 | |
| Blessing Box | 1,710 | 1,710 | 1,293 |
| Building Fund Cash & Donations | 31,250 | 31,250 | 18,450 |
| Gift Aid reclaimed | 8,000 | 8,000 | 6,300 |
| Totals | 70,391 | 70,772 |
57,353 |
| 2.2 Incoming resources from Generated funds -Activities for generating funds | |||
| General | Designated Total 2022 | Total 2021 | |
| Hire of Church | 3,475 | 3,475 | 645 |
| Hire of halls | 13,680 | 13,680 | 7,727 |
| Totals | 17,155 | 17,155 |
8,372 |
| 2.3 Incoming resources from charitable | activities | ||
| 2.4 Other incoming receipts | General | Designated Total 2022 | Total 2021 |
| Rental income -Selwyn Road | 9,261 | 9,261 | 8,854 |
| Partnership Support | 3,700 | ||
| Night Shelter | |||
| Totals | 9,261 | 9,261 |
12,554 |
| Incoming resources Grand totals | 96,807 | 97,188 |
78,279 |
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Notes to the financial statements for the year ending 31st December 2022
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 |
Genera l Designate d 2022 2021 27,777 27,777 26,153 2,193 2,193 3,695 1,774 1,774 1,638 195 195 80 3,362 3,362 2,903 64 64 634 2,407 2,407 2,291 1,784 1,784 1,954 1,474 1,474 3,150 10,962 10,962 365 3,088 3,088 4,032 |
|---|---|
| 55,080 55,080 46,895 |
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Notes to the financial statements for the year ending 31st December 2022
3. 2 Charitable activities
| 3. 2 Charitable activities | |
|---|---|
| Church -Outreach Blessing Box Training Projects Event Costs Stationary / Photocopying / Printing Service Expenses Unicom Subscriptions/ Licenses Advertising Bank charges -Church Waste Charitable activities total 3.3 Governance costs Accounting services Legal expenses including architects’ fees Totals |
General Designated Total 2022 Total 2021 50 50 384 2,250 2,250 1,018 950 1,923 1,923 112 112 80 225 225 631 631 598 407 407 319 98 98 120 58 58 10 935 935 747 |
| 6,689 6,689 4,226 General Designated Total 2022 Total 2021 481 481 481 2,165 |
|
| 481 481 2,646 |
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Notes to the Financial Statements for the year ended 31st December 2022.
4 Fixed assets
| Cost At 1 January 2022: Additions: At 31 December 2022: Depreciation At 1 January 2022: Charge for year: At 31 December 2022: Net book value At 31 December 2022: At 1 January 2022: 5 Debtors and Prepayments Overpayment S E Christian Fellowship Income tax (gift aid) recoverable 6 Creditors less than one year Accruals |
Office Equipment £ 24,354 2,756 27,110 ( 14,757 ) ( 3,088 ) ( 17,845 ) 9,265 |
Buildings £ 745,000 745,000 - 745,000 |
Total £ 769,354 |
|---|---|---|---|
| 2,756 | |||
| 772,110 | |||
| ( 14,757 ) |
|||
| ( 3,088 ) |
|||
| ( 17,845 ) |
|||
| 754,265 | |||
| 9,597 | 745,000 |
754,597 | |
| 2022 £ - 26,000 26,000 2022 £ 377 |
2021 £ - 18,000 18,000 2021 £ 352 |
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Notes to the Financial Statements for the year ended 31st December 2022.
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 £1,774 (2021 £1,638). 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 8 years at an average cost of £182.78 (2022), £307.95 (2021) per month. This repayment is made to the Baptist Union in regard to ongoing deficiency contributions. In August 2022 contributions were reduced to £1 a month and is currently at the same amount, however this could be subject to change
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