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Life Community Baptist Church
Report and Accounts
year ended 30 September 2022
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LIFE COMMUNITY BAPTIST CHURCH
FOR THE YEAR ENDED 30 SEPTEMBER 2022
ADDRESS FOR CORRESPONDENCE 10 Willow Road Horsham West Sussex RH12 4UN GOVERNING DOCUMENT CIO registration December 2014 CHARITY REGISTRATION NUMBER 1159548 TRUSTEES RESPONSIBLE FOR Rev. Peter Dibdin MANAGING THE CHARITY Sarah Hill (appointed Trustee 20/10/2021 and Secretary 26/11/2021 Julie Capas (appointed Treasurer 20/10/2021) John Coleman Maureen Coleman Patrick Hill (appointed Trustee 20/10/2021) Sarah Williams (appointed Trustee 20/10/2021) Anna Pisani (resigned as Trustee and Secretary 26/11/2021) CUSTODIAN TRUSTEES The Baptist Union Corporation Ltd BANKERS CAF Bank Lloyds Bank Baptists Together Deposit Account INDEPENDENT EXAMINER Jaimée Young Stewardship 1 Lamb's Passage LONDON EC1Y 8AB Page 1 Legal and Administrative Details Pages 2-3 Trustees' Report Page 4 Independent Examiner's Report Page 5 Receipts and Payments Account Page 6 Statement of Assets & Liabilities Pages 7-8 Notes to the Accounts
Page 1
LIFE COMMUNITY BAPTIST CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2022
The Trustees have pleasure in submitting the Report and Accounts for the year ended 30 September 2022.
Objects of the charity
The charity, which is a church, is constituted as a charitable incorporated organisation. The charity's principal objects, as set out in its governing document, are the advancement of the Christian faith and education at home and overseas.
Summary of the charity's main activities and achievements
In October 2021, we stood at a crossroads, asking God the way ahead. Following the Lord’s leading, three new people joined the Trustees Team, and the church appointed new people into the roles of Church Secretary and Treasurer. Following a church wide envisioning process, we have re-evaluated our mission and ministry in terms of:
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Being intentionally relational as the family of God
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Nurturing one another for Whole Life Discipleship, and
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Releasing people into their Frontline Mission
As part of this, we put plans into place to introduce new ways of gathering on Sunday mornings. On the first Sunday of the month, we now offer a themed conversation in a town centre café or a walk, talk and prayer around the local area. From October 2022, a monthly meal on the third Sunday of the month will be introduced, featuring a home cooked meal, communion and a testimony style after dinner story. Services continue on the second and fourth Sundays of the month, with an intentional whole life focus expressed through sung worship, prayer and Biblical teaching. For these services, people are able to join together onsite at the Phoenix Club, live on zoom or catch up on demand via our website.
A key missional focus for the church is equipping and releasing people into Whole Life Discipleship, an approach that encourages our members to be mission engaged as they live out their faith through their everyday lives, at home, at work and socially.
Our three Life Groups have continued to offer support to their members, meeting either in person where possible or online via Zoom, or a combination of both. We also added a discipleship group that meets fortnightly.
Towards the end of the year, the church began working towards an Eco Church Bronze Award, to increase our environmental awareness and make a positive impact towards caring for God’s creation.
The number of Church members at the beginning of the church year was 31 (with several non-members who regularly attend our Sunday gatherings and small groups). During the year, we had 4 resignations and 2 new members, reducing the overall membership to 29 by the end of September 2022.
The Church employed a part time Administrator for 10 hours per week until 26 November 2021.
During the year, we managed to simplify the way our church families give to the Moldovan and African projects, so that individuals now give directly to these charities rather than through the church accounts. The monies which we were holding have been transferred to the respective charities as well as the gift aid refund.
In June 2022, the church adopted a new safeguarding policy for children and vulnerable adults, based on the Baptist Union’s model policy, safeguarding procedures and best practice guidelines.
In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.
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Financial review
During the year, income decreased by £6,162 to £44,974 and expenditure increased by £711 to £54,431. As a result, the cash held by the charity decreased by £9,457 to £29,263. As an overspend during the year was expected, the trustees decided to make two transfers from our savings account totalling £12,000.
Good news was received when we were informed that the pension deficit liability the church would need to pay in the event of a cessation event (such as closure) had been reduced to administrative costs and, following the signing of the contract with the insurance company Just Group (‘Just’), the scheme is now in surplus for the first time in around 20 years. The Deficit Repair Contributions were therefore reduced to a minimal level of £1 per month from August 2022 onwards.
We applied for a Home Mission Church Growth Grant from the South Eastern Baptist Association (SEBA), which was approved to the sum of £6,000. The monthly payment of £500 starts in January 2023. We are eligible to apply on an annual basis, with the expectation that SEBA’s standard practice is to provide a minimum of three years funding, decreasing 5% per annum.
Reserves policy
The trustees have determined that the charity should aim to hold unrestricted cash of no less than £25,000 (which equates to about 6 months’ of unrestricted expenditure) so that the charity could continue to operate should income and/or expenditure vary adversely. At the year end, the charity held unrestricted funds of £29,243 and is complying with its reserves policy.
Governance
The Church is governed by a leadership team (all trustees) who currently meet once a month to set policy and review the activities of the Church. A resolution was passed at a Special Church Members Meeting, amending the constitution with clauses to allow participation in church members meetings through electronic means.
Responsibilities of trustees
Charity law requires us as trustees to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year. We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011.
We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.
Approval
This report was approved by the trustees and signed on their behalf by:
Rev. Peter Dibdin Date: 23/04/2023
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INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF
LIFE COMMUNITY BAPTIST CHURCH
I report to the trustees on my examination of the accounts of Life Community Baptist Church ('the charity') for the year ended 30 September 2022 on pages 5 to 8 following.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 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 giving 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 2011 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.
Jaimée Young
Stewardship 1 Lamb's Passage LONDON EC1Y 8AB
Date: 27th April 2023
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LIFE COMMUNITY BAPTIST CHURCH
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED 30 SEPTEMBER 2022
| Notes Income receipts Donations Gift aid receipts Miscellaneous (HCT Refund) Interest Total receipts Payments Payments in relation to charitable activities undertaken directly 2 Grants paid in relation to charitable activities undertaken by others 3 Total payments Net of receipts / (payments) before transfers Transfers between funds 5 Net movement in funds Cash funds as at last year end Cash funds at this year end A |
Unrestricted Funds General Designated Funds Funds £ £ 35,835 0 7,906 0 405 0 230 0 44,376 0 49,471 0 3,415 0 52,886 0 -8,510 0 0 0 -8,510 0 37,753 0 29,243 0 |
Restricted Funds £ 410 188 0 0 598 0 1,545 1,545 -948 0 -948 968 20 |
Total 2022 £ 36,245 8,094 405 230 44,974 49,471 4,960 54,431 -9,458 0 -9,458 38,721 29,263 |
Total 2021 £ |
|
|---|---|---|---|---|---|
| General Funds £ 35,835 7,906 405 230 44,376 49,471 3,415 52,886 -8,510 0 -8,510 37,753 29,243 |
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| 42,075 8,944 0 117 |
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| 51,136 | |||||
| 51,318 2,402 |
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| 53,720 | |||||
| -2,584 0 |
|||||
| -2,584 41,305 |
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| 38,721 |
The notes on pages 7-8 form part of these accounts.
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LIFE COMMUNITY BAPTIST CHURCH
STATEMENT OF ASSETS AND LIABILITIES
FOR THE YEAR ENDED 30 SEPTEMBER 2022
| A Cash funds Held at banks (CAF and Lloyds) Notice deposits B Other monetary assets Gift aid due to charity Tenancy deposit C Liabilities Falling due within one year: Pension scheme payments Fee for Independent Examination Falling due after one year: Pension scheme deficit Note 6 Total |
Unrestricted Funds General Designated funds funds £ £ 14,759 0 14,484 0 29,243 0 3,549 0 1,792 0 5,341 0 0 0 660 0 660 0 0 0 0 0 660 0 |
Restricted funds £ 20 0 20 0 0 0 0 0 0 0 0 0 |
Total 2022 £ 14,779 14,484 29,263 3,549 1,792 5,341 0 660 660 0 0 660 |
Total 2021 £ |
|
|---|---|---|---|---|---|
| General funds £ 14,759 14,484 29,243 3,549 1,792 5,341 0 660 660 0 0 660 |
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| 12,461 26,260 |
|||||
| 38,721 | |||||
| 4,300 1,792 |
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| 6,092 | |||||
| 2,636 660 |
|||||
| 3,296 46,164 |
|||||
| 46,164 | |||||
| 49,460 |
The Payments towards the pension scheme deficit in the course of this year are included in Note 6. The current arrangements only last as long as there is a Minister in post.
D Assets retained for charity's own use
| ts retained for charity's own use Equipment |
2022 value £ 10,000 10,000 |
2021 value £ |
|---|---|---|
| 14,486 | ||
| 14,486 |
The trustees have used insurance values as the trustees are unable to reliably estimate current values; insurance values may differ materially from current values.
E Guarantees and secured debts
The charity has not given any guarantees and has not provided its assets as security for any liabilities.
The accounts were approved by the trustees and signed on their behalf
by Rev. Peter Dibdin date 23/04/2023
The notes on pages 7-8 form part of these accounts.
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LIFE COMMUNITY BAPTIST CHURCH
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
1 Accounting policies
The accounts have been prepared on a receipts and payments basis and comprise a statement that shows the charity's receipts and payments, a statement that summarises the charity's assets and liabilities and related notes. The accountancy profession have determined that only accounts prepared in accordance with applicable accounting standards present a 'true and fair' view and, as these receipts and payments accounts have not (and cannot) be prepared in accordance with accounting standards, these accounts do not present (and are not intended to present) a 'true and fair' view of the charity's financial activities and state of affairs.
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.
| 2 Payments in relation to charitable activities undertaken directly Ministry: Stipends Employer Pension Accommodation costs (Rent/Council Tax/Water) Reimbursed expenses Hire of hall Telephone Equipment Training Outreach, evangelism, other ministry activities Catering Support and Administration: Administrative Salaries Office expenses Insurance, licenses and other fees Accounts preparation and examination Other costs (gifts and bank charges) 3 Grants and gifts paid to others Organisations: African Orphanage Project (Home of Peace) SEBA Home Mission Fund Moldova Charity Horsham Churches Together Ashburnham Place Conference Centre African Project (Rural Pastors) Other organisations (less than £500) Individuals: |
Unrestricted Funds General Designated funds funds £ £ 16,486 0 4,833 0 21,237 0 787 0 2,448 0 379 0 0 0 185 0 0 0 0 0 942 0 0 0 1,024 0 660 0 490 0 49,471 0 145 0 2,625 0 0 0 120 0 0 0 300 0 225 0 0 0 3,415 0 |
Restricted Funds £ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 180 0 1,365 0 0 0 0 0 1,545 |
Total 2022 £ 16,486 4,833 21,237 787 2,448 379 0 185 0 0 942 0 1,024 660 490 49,471 325 2,625 1,365 120 0 300 225 0 4,960 |
Total 2021 £ |
|
|---|---|---|---|---|---|
| General funds £ 16,486 4,833 21,237 787 2,448 379 0 185 0 0 942 0 1,024 660 490 49,471 145 2,625 0 120 0 300 225 0 3,415 |
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| 16,339 4,888 20,314 725 364 431 38 0 0 0 5,705 323 1,124 960 107 |
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| 51,319 | |||||
| 300 0 0 453 500 300 722 128 |
|||||
| 2,402 |
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LIFE COMMUNITY BAPTIST CHURCH
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
4 Transactions with related parties
Peter Dibdin served as a church leader and received net pay of £16,944 [2021: £16,339] for serving in that capacity, not for serving as a trustee. These payments are permitted by the charity's governing document.
In addition the charity incurred expenditure totalling £21,237 [2021: £20,745] in respect of the provision of accommodation (which is customary for ministers) for Peter Dibdin, a trustee, so that they could better perform their duties.
The trustee Anna Pisani received net pay £942 [2021: £5,704) in her capacity of part-time administrator, and not as a trustee, as permitted by the governing document. She resigned this post on 26/11/2021.
No other trustee received any payment of expenses other than reimbursement of expenditure incurred by them on behalf of the church.
| 5 Movement of funds General funds Restricted funds Moldova Fund Africa Fund Total funds |
Balance at 30Sep2021 £ 37,753 37,753 968 0 968 38,721 |
Receipts £ 44,376 44,376 418 180 598 44,974 |
Payments £ -52,886 -52,886 -1,365 -180 -1,545 -54,431 |
Transfers £ 0 0 0 0 0 |
Balance at 30Sep2022 £ 29,243 |
|---|---|---|---|---|---|
| 29,243 | |||||
| 20 0 |
|||||
| 20 | |||||
| 29,263 |
The Moldova Fund relates to donations given for the support of the Church in Malcoci, Moldova.
Africa Fund relates to funds donated for the purpose of supporting the work of the Home of Peace Orphanage in Kenya.
6 The Baptist Pension Scheme
Previously the Baptist Pension Scheme’s now closed defined benefit scheme had been reporting a funding deficit and the charity had been making contributions to help make good the shortfall. The Baptist Pension Scheme provided estimates for the charity’s share of the funding deficit and the estimate at the year end was included as a monetary liability in the Statement of Assets and Liabilities.
In July 2022 the Baptist Pension Scheme reached an agreement with an insurance company, called Just, to secure the benefits payable under the now closed defined benefit pension scheme (‘DB Scheme’). The premium payable to Just was favourable and, after the transaction with Just, the DB Scheme no longer has a funding deficit. It will take some time to complete the process and, until it is complete, some risks remain. Based on current values the Baptist Pension Scheme believes it has sufficient assets to complete the process without requiring additional contributions from participating employers but, because some risks do remain, the charity has been asked to make a nominal monthly contribution of £1 to the DB Scheme from August 2022.
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