FERNDALE BAPTIST CHURCH LTD REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31" DECEMBER 2023 Ferndale kptlst Church Llrnlted A Company Limited by Guwantee Charity Number: 1156S96 Cornpany Number". 08858945 lllllllllllll'll *ADIKIUX4• COMPMIE5 HOUSE
Index to the Report and Flnanclal Statements Reference and Administrative Details Trustees. Annual Report Independent Examineffs Report Statement of Financial Attivities Balance Sheet Note5 to the Financial Statements 10 Page 2
Reference and Administrative Details Chariy. Femdale Baptist Church Ltd. Registered Office: Norlh Avenue. Southend<TrSea. SS2 4ET. Charity Number: 1156596 Comp8ny Number: 08858945 Goveming Document: The Charty is governed by Ihe Mernorandum and Artides of Assockilion of FERNDALE BAPTIST CHURCH LTD, incorporaled on: 1 January 2014 Trustees:Carolann Chapman , Steven Dalley, Margal Damids, Kenneth Davids. IV Dalley Other Officers.. Mrs Rosemary Cole, Glyn Gwkl, Lee Regan, Fiona Regan. Jennrfer Dalley. kndependent Examlner: Sal Wainwright, Et Voila Accountancy SeNces Limited. Isis House, Smith Road, We(Inesbury. West Midlands. WS10 OPB Bankers: Natsvest, 250 Bishopsgate. Londcffl. EC2M 4hA Insurers.. The Baptist Insurance Ccffip8ny PLC. Beaufort House. Brunswick Road. Gloucester. GL1 1JZ Page 3
Trustees. Annual Report for the perlod ended 31" December 2023 The Church's weekly Bible Study. fortnightly Home Group and monthly Prayer Evening continued over the year. We also introduced a new monthly Worship Evening held at the Church. which ha5 been a bi8 success. Several of our Deacons, alon wfth the Minister. cornpleted a Leadership Development Course being held at another local thurch. Several Trustees and one Oeaeon attentled Safeguarding Training. We will continue to further develop this training over the coming year. Sunday morning attendances continuèto increase gradually. The installation of two new large HD IV screens in the Sanctuary have been well received and have enabled us to increaseour seating capacity. DUÈ to the increasing demandslrequirements Of Dur congregation. we asked the Brethren In Christ Congregation to vacate the pitmises and find a new home for their Sunday aftem¢)on serwce. This has allowed us to have exclusive use of our premises on Sundays. We continued to host a variety of regular and oneff hires in both the Churchtsancwary and the Community Hall. We have ? newTuesday evening dance zrovp hiring the Santtuary on a weekly basis. Progress continued on the redevelopment of the kitchen. and the conversion of the adjacent area into a small meetin8 roorn. New flooring has been laid in both ttrte kitchen area and the adjacent lobby. The new kitchen is due to be installed in February 2024. We have continued to support local. national and intemational charitie5through our Month Blessing Box colleclions. Charities supported in 2023 included.. Southend Talking Newspaper. RNLI. DECTurkey-Syria Earthquake Appeal. SoLrthend Hospr(al Swtlight RadiotherapyAppeal, Dementia UK, Gold Geese. Welcometo the UK. Mission Aviation Fellowship. Motor Neurone Disease Association. Angel Tree (Prison Fellowship). Open Doorswith Brother Andrew. Havens Hospices Iljr Minister. Steve Dalley, continues to act as a Trustee for the St. Luke's CommunityAsstsciation and also for The Isaiah Prolect. The Isaiah Project has successfully moved its staff into an offite unr( adjacentto the Church. whlth they rent from us. The Isaiah Project provides housing for vulneratAe people, supports the Eeneral public in areas such as money advice, debt counselling and budgeting. drug and alcohol abuse. benefit c13iming and housing. It also trndes tharitably via furnlture shops. proving opportunities for beneficiaries of the Projectto volunteer. gain experience and even to be employed. Throughout 2023 the Isaiah Project has hosted two weekl¥-Open House- eroups in the Community Hall and also held their Christmas Party. for 311 residents. in the Sanctuary. We look fonvard to developire awtd strengthening this partnership further over the course of 2024. Ferndale Baptist Church contlnues to provide a venue for a Distriixrtion Centre of Southend Foodbank. This is wrt by a team of seven Church Members. [er the course of the yearwe have expanded the team to cope with a signtficant increase in the number of people attending the Foodbank requirin8 food assistsnce. We also invested in new storage units to create additional space for storing food. Page 4
Financial Review Overall inccthe for the year was £93.99712022- £96.8071. Total expendiiure for the year Wds £71.801 12022- £62.250). resulting in an overall surplus of £22.196{2022- £34.457 surrAus). The Charity has no long term liabilities. The financial posrtion ol the Chanty. Wthich is under miew by the Trustees. is nSIdered satisfactory. Risk Management The Tnjstees have examined the potential risks thIch the Charity fa and confimi that measures to minimise risk have been pul in plate. Responsibilities of the Trustees The Charities Ad 2011 and the Charity's ccwtstitution require the Trustees to prepare annual accounts which give a true and fair Mew of the state of affairs of the Charity and of its SUFplus or deficrt for the year. In preparing such ststements, the Trustees are required to.. ' Select suitsble accounting pdiaes and apply ihem conStenty. ' Make judgements and estimates that are reasonatAe and pnJdent- . Presume the Charity wil continue in ¢)peratiryt. The Trustees are responyt4e for keeping ryoper br*Jks of 8ccwnt They are aiso responsible for safeguarding the assets of Ihe Charity and hence for laking reasonable steps preventicrf) and detects'w of fraud anol other irregularities. Approved on behaw ofthe Trustees and signed C their behaff by Mr Steven Dalley on 1710412024 S7j OALL&Y Page 5
Independent Examiner's Report I report on the accounts of Femdale Bapiist Church Limited, Soulhend-on-sea for the period ended 31 Dember 2023, which comprise the Statement of Finafflc Activities, the Balan Sheei and the related notss. Respec(ive responsibilitS of the Trustees and examiner The charitys trustees are responsible for the preparion of the accounts. The chaTitV5 truees consider that an audit is not required for this year under seaion 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is ffly responsibility to.. •examine the accounts under SeCtn 145 of the 2011 Act., o follow the procedures laid down in the generd Direclions given by the Charity Commission under section of the 2011 Act., and •to state whether paular matters have come to my attention. Basis ol independent examiners report My examination was carried out in accordan with the general Directions given ty the Charty Commission. An examination includes a review of the accounting records kept by the charty and a comparison of the accounts presented with those records. It also includes consideration ol any unusual items or disclosures in the accounts, and seeking explanations from you as trustees Conrning any such matters. The procedures undertaken do not prowde all the evidence that would be required in an audi( 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 wÉth my examination. no matter has come to my attention: (l) which gives me reasonable cause to believe that in any material respect the requirements •to keep accounts.ng records in accordance with sectK)n 130 of the 2011 Act: and •to prepare accounts which accord the accounting records and comply viith the accounting requirements of the 2011 Act have not been met- or {2) to which. in my opinion. attention should be dravm in order to enable a proper understanding of the accounts to be reached. Miss Salty J Wainwright ACMA - Et Voila Accounkncy Services Limited Page 6
Statement of the Financial activities lor the period ended 31 December 2023 Incoming resources Incoming reSoUrS from generated funds Voluntary income Activilies for generating funds Incoming resources from charitable activitses Other incoming resources Note General Designated Tolal 2023 Total 2022 63,176 63,176 70,391 22 20,092 20,092 17,155 2A 10,729 10,729 9,261 Total Incoming resources 93.997 93,997 96,807 Resources used Cost of generating funds Cost of Generating voluntary income Charitable activities Governance costs Total resources used 48.083 23.128 590 71,801 48,083 23,128 590 71,801 55,080 6,689 32 33 62,250 Net incoming l outgoing resources before transfers 22.196 22.196 34.557 Gross transfers between funds Building Transfer Total funds brought forward Total funds carried forward 857,370 879.566 857,370 879.566 822,813 857.370 Page 7
Balance sheet as at 31st De¢ember 2023 General Designated Total 2023 Total 2022 Fixed assets Tangible assets No 754.265 754,265 754.265 Current assets Debtors Cash at bank and in hand 24,000 101,781 125,781 24,000 101,781 125,781 26,000 77,482 103,482 Totals Credttors Creditors amount falling due in one year 480) 480)( 377) Net current assets 125.301 125,301 103,105 Total Assets 879,566 879,566 857,370 Represented by general fund Building Transfer 134.566 745.000 134,566 745,OIXJ 112,370 745,000 Funds ol the charity 879.566 879.566 857,370 Page 8
Statement of Financial Activities for the period ended 3tst December 2023 (Continued). The charitable company is entrtled to exempts'on from audit under Section 477 of the Companies Act 2006 for the period ended 31 Dember 2023. The members have not required the charitable company to obtain an audii of its financial statements for the period ended 31 December 2023 in accordance with Section 476 of the Companies Acl 2006. The trustees acknowledge their responsibilities for a. Ensuring that the charitable company keeps accounting records that compty with Section 386 and 387 of the Companies Act 2006 and b. preparing financial slatements whh gNe a true and fair view of the state of affairs of the chariLibbe company as at the end of each financial year and of its surplus or def[t for each financial year in accordance the requirements of Seaion 396 and which otheiSe comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicab to the chariiable company. These financial statements have been prepared in accordance with the special provisions of Part 15 of the Cornpanies Act 2006 relating to small Charitab rnpanIeS and with the Financial Reporting Slandard for Smailer Entities {effecttve April 2008). The financial statements were approved by the Board of Trustees on ......I 91 o {k.l.z were signed on its behalf by: STeV DALLE sfEÉ MA¢fj¥l14c 1 Tr4f/i)i fRLt S i trc Page 9
Noles to the financial slatements for the year ended 3tst December 2023 I. ACCOUNTING POLICIES The tinancial statements have been prepared under the historical cost convenlion, and in accordance with the Financial Reporting Standard for Smaller Entities (FRSSE), the Charities Act 2011 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 charitsble objects at the discretion of the trustees. Funds designated for a particular purpose by the company are also unrestricted. Incoming Resources Colleciions and donations are recognised when yeived or earlier where advised as receivable. Income tax recoverable on gift aid donations is recognised when the dOnan is recerved. Ren&il income from letts'ngs is recognised when the rent is due. Interest is accounted for when receivable. Resources used Expenses are recognised when incurred and are apportrIed to the category to which they relate. Grants and donalions are accounted for when paid over. or when awarded, if award creates a binding obligation. Fixed assets Land and buildings.. The Land and buildings were transferred from Ihe London Baptist Propety Board to the charity. As the trustees feel that the propety 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. Indivrdual items of equipment with a purchase price of £l,OCJ) 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 foi amounts ihat may prove un-collecLable. Pensions The charty operates a defined contsibution pension scheme arrangement. Contributions are charged in the period lo which Ihey relate. These contributions are invested separately from the charivs assets. Taxation The charity is not registered for Value Added Tax edAT) and accordingty expenditure is shown gross of irrecoverable VAT. The VAT incurred from time to time on certain fabric iepair and maintenance expenditure can. however, be recovered under the Listed Places of Worship Grant Scheme. The charity is exempt from corporation on its charitable activities. Page 10
Notes to the financial sL*ements for lh• yw ending 31s1 December 2023 2 Incomlng resources 2.1 Incoming resourtts from generated fvnds -voluntary income General Designated Total 2023 Total 2022 Collections1 Offerings Dona$ Grènts Tithe Renlal Office incorne Weddng5 and Funerals Coffee & Sing Flower Fund Blessing Box Building Fund Cash & Donations Grft Aid redaimed 10,623 2.835 10,623 2.835 500 17.236 6.935 11,233 119 15.121 17,236 6.935 803 174 803 174 1.183 115 1,710 31.250 14.924 8.302 14.924 8.302 Totals 63.176 63.676 70.391 2.2 Incoming r•sourcos from Gen•rat•d funds Act1¥1tS for generating funds Genernl Designated Total 2023 Total 2022 Hire of Church Hire of halLs 2.690 17.402 2.6 17.402 3.475 13.680 Totals 20,092 20.092 17.155 2.3 Incoming resources from charitable acti¥itses 2.4 Other incoming receipts Genèral Designated Total 2023 Total 2022 Rental ineome &lwyn Road Partnership Support Night Shelter 10.729 10.729 9.261 Totsls 10.729 10,729 9.261 In¢omlng resources Grand totals 93,997 94.497 96.807 Page 11
Notes to the financial statements for the year ending 3tst December 2023 3 Resources used 3.1 Cost of generating funds <ost of generating voluntary income General Designated 29,450 2023 29,450 2022 27,777 Pastor-salary Baptist pension scheme Curreni Baptist Pension Scheme Current Minister Pension Contribution Pastor-other expenses Christian ministry housing costs Church and Hall- Light and heat Church and Hall- Water raies Church and Hall- Insurance Church and Hall - Cleaning I gardening Church and Hall - Fabric repairs and maintenan Church and Hall - Equipment repairs and mwntenan Deprecialion of i)flice Equipment 12 1,914 12 1.914 2,193 1,774 195 5,131 5,131 3,362 2,558 2,558 2,407 1,784 1,474 10,962 3,088 6.074 6,074 To&ils 48.083 48.083 55,080 Page 12
Noles to the Ilnancial 5tstements for the y•ar ending 31st December 2023 3. 2 Charltable activilies General l)eslgnated Total 2023 Total 2022 Churth utreaCh 8uildirbg Project Flower Event Costs Donations Stationary I Pholocopwng I Printing Service Expenses Vnicom SubscTrplionsl Licenses Refreshments Adverbsing Bank charge5 £hvrch Waste Charitable acLivilie5 total 50 15.897 18 15.897 2.066 1.995 211 511 465 826 17 1,923 2.250 112 225 631 407 1.99S 211 511 465 826 17 98 58 935 6,689 1.122 23,128 1.122 23,128 3.3 Govornance ¢o$ts General Deslgnated Total 2023 Total 2022 Accounting sei(*S Legal expenses induding architects fees Totals 487 103 590 103 590 Page 13
Notes to the Financial Statements lor the year ended 31st December 2023. 4 Fixed assets Office Equipment Buildings Total Cost At l January 2023.. Additions: Ai 31 December 2023: 27,110 745,0Tr) 772.110 27.110 745,0 772,110 Depreciation At l January 2023: Charge for year: At 31 December 2023". 17,845 17.845 17.845 Net book value At 31 December 2023: At l January 2023.. 9,265 9.265 745,000 745,000 754,265 754,265 5 Debtors and Prepayments 2023 2022 Overpayment S E Christian Fellowship Income (gift aid) recoverable 24,000 24,000 26,0 26.000 6 Creditors less than one year 2023 2022 Accruals 480 377 Page 14
Notes to the Financial Stalements for the year ended 31st December 2023. 7 Related parties No payments were made to individuats for their being Trustees. There is no other organisation or indNidual who is Considered to be a related paty of the Church. 8 Pensions The church pays into Ihe 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 £1.926 (2022 £3.967). This is split into amounts.. namely the pension contribution for the current Minister and a historic pension debt repayment for previous Ministers. currenlly being paid off.This repayment Is made to the Baptlsl Union in regard to ongoing deficiency contributions. In August 2022 contributions were redUd to £1 a month and is currenuy at the same amounL however this could be subject to change Page 15