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
1
## **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|
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
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**
3
**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:
- A Pilates group meeting on a Monday morning on a weekly basis
- 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.
4
## **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:
* 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 13/9/2023
5
## **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
6
## **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|
7
|**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|
8
**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.
9
## **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.
10
## **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|
11
## **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|
12
## **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|
13
**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||
14
## **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
15