**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 (harold.adjei@harvineconsultantsltd.co.uk) Status: Signed Transaction ID: CBJCHBCAABAA86UJ1MSq6JZqY2Wc1vgioM_hHUS6X289
## "BWBAPTIST-Charities report - 21.1-CHA-MASTER-20211011_ Final.PDF" History
Document created by Harvine Consultants (harold.adjei@harvineconsultantsltd.co.uk) 2021-10-11 - 15:57:08 GMT- IP address: 80.209.134.230
Document emailed to Colleen Sainlo (secretary@borehamwoodbaptist.org) for signature 2021-10-11 - 15:59:24 GMT
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