2021-03-31-accounts

REGISTERED CHARITY NUMBER: 1163166

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2021

for

BOREHAMWOOD BAPTIST CHURCH

Harvine Consultants Ltd Square Root Business Centre 102 - 116 Windmill Road Croydon Surrey CR0 2XQ

BOREHAMWOOD BAPTIST CHURCH

Contents of the Financial Statements for the Year Ended 31 March 2021

		Page
Report of the Trustees		1
Independent Examiner's Report		2
Statement of Financial Activities		3
Balance Sheet		4
Notes to the Financial Statements	5	to	11
Detailed Statement of Financial Activities	12	to	13

BOREHAMWOOD BAPTIST CHURCH

Report of the Trustees

for the Year Ended 31 March 2021

The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust and constitutes a Charitable Incorporated Organisation.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1163166

Principal address

12 Furzehill Road Borehamwood WD6 2DF

Trustees

Miss Pamela Tume Trustee Mrs Adegoke Ms Ringwood Mrs Colleen Sainlo Trustee Mrs Gillian Kett Trustee Mrs Nicky Barrass Trustee

Independent Examiner

Harvine Consultants Limited Harvine Consultants Ltd Square Root Business Centre 102 - 116 Windmill Road Croydon Surrey CR0 2XQ

Approved by order of the board of trustees on 11 October 2021 and signed on its behalf by:

Colleen Sainlo (Oct 11, 2021 22:15 GMT+1)

Mrs Colleen Sainlo - Trustee

Page 1

Independent Examiner's Report to the Trustees of BOREHAMWOOD BAPTIST CHURCH

Independent examiner's report to the trustees of BOREHAMWOOD BAPTIST CHURCH

I report to the charity trustees on my examination of the accounts of BOREHAMWOOD BAPTIST CHURCH (the Trust) for the year ended 31 March 2021.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the 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:

1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Harvine Consultants

Harvine Consultants (Oct 12, 2021 12:02 GMT+1)

Harvine Consultants Limited Harvine Consultants Ltd Square Root Business Centre 102 - 116 Windmill Road Croydon Surrey CR0 2XQ

11 October 2021

Page 2

BOREHAMWOOD BAPTIST CHURCH

Statement of Financial Activities

for the Year Ended 31 March 2021

Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 48,321 Investment income 2 17,211 Total 65,532 EXPENDITURE ON Raising funds 3 12,206 Charitable activities Mission support 9,588 Church costs 23,460 Youth work 164 Other 2,032 Total 47,450 NET INCOME 18,082 RECONCILIATION OF FUNDS Total funds brought forward 7,041 TOTAL FUNDS CARRIED FORWARD 25,123	Restricted funds £ - - - - - - - - - - 52,002 52,002	Building Fund £ 9,315 381 9,696 - - - - - - 9,696 37,110 46,806	31.3.21 Total funds £ 57,636 17,592 75,228 12,206 9,588 23,460 164 2,032 47,450 27,778 96,153 123,931	31.3.20 Total funds £ 62,824 28,241
				91,065 29,066 10,940 11,691 2,458 -
				54,155
				36,910 59,243
				96,153

The notes form part of these financial statements

Page 3

BOREHAMWOOD BAPTIST CHURCH

Balance Sheet

31 March 2021

Unrestricted fund Notes £ FIXED ASSETS Tangible assets 7 (12,724) CURRENT ASSETS Cash at bank 38,207 CREDITORS Amounts falling due within one year 8 (360) NET CURRENT ASSETS 37,847 TOTAL ASSETS LESS CURRENT LIABILITIES 25,123 NET ASSETS 25,123 FUNDS 10 Unrestricted funds Restricted funds TOTAL FUNDS	Restricted funds £ - 52,002 - 52,002 52,002 52,002	Building Fund £ 54,422 2,003 (9,619) (7,616) 46,806 46,806	31.3.21 Total funds £ 41,698 92,212 (9,979) 82,233 123,931 123,931 25,123 98,808 123,931	31.3.20 Total funds £ 5,203 91,310 (360) 90,950 96,153 96,153 7,041 89,112 96,153

The financial statements were approved by the Board of Trustees and authorised for issue on 11 October 2021 and were signed on its behalf by:

Colleen Sainlo (Oct 11, 2021 22:15 GMT+1)

Mrs Colleen Sainlo - Trustee

The notes form part of these financial statements

Page 4

BOREHAMWOOD BAPTIST CHURCH

Notes to the Financial Statements

for the Year Ended 31 March 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 25% on cost Computer equipment - 25% on cost

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Page 5

continued...

BOREHAMWOOD BAPTIST CHURCH

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

2. INVESTMENT INCOME

INVESTMENT INCOME
	31.3.21	31.3.20
	£	£
Rents received	17,211	28,241
Deposit account interest	381	-
	17,592	28,241

3. RAISING FUNDS

Raising donations and legacies

		31.3.21	31.3.20
		£	£
	Telephone	180	240
	Utility services	5,776	5,296
	Travel	360	449
	Support costs	5,880	23,081
		12,196	29,066
4.	TRUSTEES' REMUNERATION AND BENEFITS
		31.3.21	31.3.20
		£	£
	Trustees' salaries	3,591	6,135
	Trustees' pensions paid	-	5,622
		3,591	11,757

The Minister is designated under charitable law as an office holder and is therefore entitled to receive a salary whilst also being a Trustee.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.

5. STAFF COSTS

The average monthly number of employees during the year was as follows:

	31.3.21	31.3.20
Staff	-	1

No employees received emoluments in excess of £60,000.

Page 6

continued...

BOREHAMWOOD BAPTIST CHURCH

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted Building fund funds Fund £ £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 57,016 2,278 3,530 Investment income 28,241 - - Total 85,257 2,278 3,530 EXPENDITURE ON Raising funds 29,066 - - Charitable activities Mission support 10,940 - - Church costs 11,691 - - Youth work 2,458 - - Total 54,155 - - NET INCOME 31,102 2,278 3,530 Transfers between funds (20,000) 20,000 - Net movement in funds 11,102 22,278 3,530 RECONCILIATION OF FUNDS Total funds brought forward (4,061) 29,724 33,580 TOTAL FUNDS CARRIED FORWARD 7,041 52,002 37,110	Total funds £ 62,824 28,241
	91,065 29,066 10,940 11,691 2,458
	54,155
	36,910 -
	36,910 59,243
	96,153

continued...

Page 7

BOREHAMWOOD BAPTIST CHURCH

Notes to the Financial Statements - continued

for the Year Ended 31 March 2021

7. TANGIBLE FIXED ASSETS

			Improvements	Improvements	Improvements	Fixtures	Fixtures
		Freehold		to			and	Computer
		property		property		fittings		equipment			Totals
		£		£			£	£			£
	COST
	At 1 April 2020		-		-	79,011			976		79,987
	Additions	19,320		17,175			-			-	36,495
	At 31 March 2021	19,320		17,175		79,011			976		116,482
	DEPRECIATION
	At 1 April 2020 and
	31 March 2021		-		-	73,808			976		74,784
	NET BOOK VALUE
	At 31 March 2021	19,320		17,175			5,203			-	41,698
	At 31 March 2020		-		-		5,203			-	5,203
8.	CREDITORS: AMOUNTS FALLING DUE WITHIN				ONE	YEAR
								31.3.21			31.3.20
								£			£
	Bank loans and overdrafts (see	note 9)						9,619			-
	Other creditors								360		360
								9,979			360
9.	LOANS
	An analysis of the maturity of loans is given below:
								31.3.21			31.3.20
								£			£
	Amounts falling due within one year on demand:
	Bank overdrafts							9,619			-

continued...

Page 8

BOREHAMWOOD BAPTIST CHURCH

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

10. MOVEMENT IN FUNDS

			Net
			movement	At
		At 1.4.20	in funds	31.3.21
		£	£	£
Unrestricted funds
General fund		7,041	18,082	25,123
Restricted funds
Building Fund		37,110	9,696	46,806
BWBC No 2 Account		12,656	-	12,656
Baptist Union deposit account		39,346	-	39,346
		89,112	9,696	98,808
TOTAL FUNDS		96,153	27,778	123,931
Net movement in funds, included in the above are as follows:
		Incoming	Resources	Movement
		resources	expended	in funds
		£	£	£
Unrestricted funds
General fund		65,532	(47,450)	18,082
Restricted funds
Building Fund		9,696	-	9,696
TOTAL FUNDS		75,228	(47,450)	27,778
Comparatives for movement in funds
		Net	Transfers
		movement	between	At
	At 1.4.19	in funds	funds	31.3.20
	£	£	£	£
Unrestricted funds
General fund	(4,061)	31,102	(20,000)	7,041
Restricted funds
Building Fund	33,580	3,530	-	37,110
BWBC No 2 Account	10,378	2,278	-	12,656
Baptist Union deposit account	19,346	-	20,000	39,346
	63,304	5,808	20,000	89,112
TOTAL FUNDS	59,243	36,910	-	96,153

continued...

Page 9

BOREHAMWOOD BAPTIST CHURCH

Notes to the Financial Statements - continued

for the Year Ended 31 March 2021

10. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

	Incoming	Resources	Movement
	resources	expended	in funds
	£	£	£
Unrestricted funds
General fund	85,257	(54,155)	31,102
Restricted funds
Building Fund	3,530	-	3,530
BWBC No 2 Account	2,278	-	2,278
	5,808	-	5,808
TOTAL FUNDS	91,065	(54,155)	36,910

A current year 12 months and prior year 12 months combined position is as follows:

		Net	Transfers
		movement	between	At
	At 1.4.19	in funds	funds	31.3.21
	£	£	£	£
Unrestricted funds
General fund	(4,061)	49,184	(20,000)	25,123
Restricted funds
Building Fund	33,580	13,226	-	46,806
BWBC No 2 Account	10,378	2,278	-	12,656
Baptist Union deposit account	19,346	-	20,000	39,346
	63,304	15,504	20,000	98,808
TOTAL FUNDS	59,243	64,688	-	123,931

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

	Incoming	Resources	Movement
	resources	expended	in funds
	£	£	£
Unrestricted funds
General fund	150,789	(101,605)	49,184
Restricted funds
Building Fund	13,226	-	13,226
BWBC No 2 Account	2,278	-	2,278
	15,504	-	15,504
TOTAL FUNDS	166,293	(101,605)	64,688

continued...

Page 10

BOREHAMWOOD BAPTIST CHURCH

Notes to the Financial Statements - continued

for the Year Ended 31 March 2021

11. EMPLOYEE BENEFIT OBLIGATIONS

The church has an amount of £57,600 owed to the Baptist Pension Fund.

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2021.

Page 11

BOREHAMWOOD BAPTIST CHURCH

Detailed Statement of Financial Activities
for the Year Ended 31 March 2021
	31.3.21	31.3.20
	£	£
INCOME AND ENDOWMENTS
Donations and legacies
Gifts	29,121	36,419
Donations	9,315	5,809
Gift aid	-	4,596
Manse rent	19,200	16,000
	57,636	62,824
Investment income
Rents received	17,211	28,241
Deposit account interest	381	-
	17,592	28,241
Total incoming resources	75,228	91,065
EXPENDITURE
Raising donations and legacies
Telephone	180	240
Utility services	5,776	5,296
Travel	360	449
	6,316	5,985
Charitable activities
Missions & hospitality	5,829	8,546
Manse expenses	3,759	1,423
Church fabric expenses	23,460	11,691
Youth activities	74	62
Music	-	251
	33,122	21,973
Support costs
Management
Training	-	60
Insurance	1,797	1,777
Subscriptions	245	218
Evangelical Alliance	90	90
Licence	797	685
	2,929	2,830
Finance
Bank charges	132	284
Carried forward	132	284

This page does not form part of the statutory financial statements

Page 12

BOREHAMWOOD BAPTIST CHURCH

Detailed Statement of Financial Activities
for the Year Ended 31 March 2021
	31.3.21	31.3.20
	£	£
Finance
Brought forward	132	284
Depreciation of tangible fixed assets	-	2,603
	132	2,887
Governance costs
Trustees' salaries	3,591	6,135
Trustees' pensions paid	-	5,622
Ministers fund	1,000	500
Ministry resources	-	133
Other ministry expenses	-	7,730
Accountancy	360	360
	4,951	20,480
Total resources expended	47,450	54,155
Net income	27,778	36,910

This page does not form part of the statutory financial statements

Page 13

BWBAPTIST-Charities report - 21.1-CHA-MAST ER-20211011_Final.PDF

Final Audit Report

2021-10-12

Created: 2021-10-11 By: Harvine Consultants ([e-mail]) Status: Signed Transaction ID: CBJCHBCAABAA86UJ1MSq6JZqY2Wc1vgioM_hHUS6X289

"BWBAPTIST-Charities report - 21.1-CHA-MASTER-20211011_ Final.PDF" History

Document created by Harvine Consultants ([e-mail]) 2021-10-11 - 15:57:08 GMT- IP address: 80.209.134.230

Document emailed to Colleen Sainlo ([e-mail]) for signature 2021-10-11 - 15:59:24 GMT

Email viewed by Colleen Sainlo ([e-mail]) 2021-10-11 - 21:13:46 GMT- IP address: 92.10.70.26

Document e-signed by Colleen Sainlo ([e-mail])

Signature Date: 2021-10-11 - 21:15:00 GMT - Time Source: server- IP address: 92.10.70.26

Document emailed to Harvine Consultants ([e-mail]) for signature 2021-10-11 - 21:15:02 GMT

Email viewed by Harvine Consultants ([e-mail]) 2021-10-12 - 11:01:27 GMT- IP address: 80.209.134.230

Document e-signed by Harvine Consultants ([e-mail]) Signature Date: 2021-10-12 - 11:02:10 GMT - Time Source: server- IP address: 80.209.134.230

Agreement completed.

2021-10-12 - 11:02:10 GMT