Page 1 of 3 Year Ending 31[st] December 2022 Wantage Baptist Church Annual Report and Accounts ## **Wantage Baptist Church** ## **Annual Trustees’ Report and Accounts for the Year Ending 31[st] December 2022** The Charity Trustees of Wantage Baptist Church have pleasure in submitting their report and the financial statements of the Church for the year ending 31[st] December 2022 ## **Objectives and Activities** The principal objective of the Church is the advancement of the Christian faith, especially by means of and in accordance with the principles of the Baptist denomination. In particular, the Church seeks to do this through meetings to provide occasions for worship, proclamation of the gospel and instruction in the Christian faith as well as outreach events and evangelism to the local Wantage community. The Church may also carry out other charitable purposes. ## **Achievements and Performance** In 2022, we have been able to continue to share the love of Christ with the community. We have continued our regular weekly Sunday services, including Sunday School. We have seen many new people join us on a regular basis, with eight people becoming members. We have also continued to stream services online, for the benefit of those who are unable to attend for any reason. We have continued with weekly small group meetings (“life groups”) for fellowship, prayer and bible study. Attendance at these has also grown with close to 70 people across 6 groups. A number of events for children have been held. For younger children, these include an Easter holiday bible club and an alternative “halloween” event. These events were well attended, including by children not otherwise connected to the church. There is also a regular program of events for older children, including popular social events. The weekly Parents and Toddlers sessions continue to attract a large number of people from outside the church. We have continued to operate the King's Centre shop. This provides an opportunity to reach out to the wider community, or for people to make contact with us in a friendly environment, as well as providing Christian resources for sale. The shop also acts as a collection point and storage facility for the local Food Bank. We have continued our support for the local Street Pastors, who use our buildings as an operating base. We also continue to make our buildings available to other local independent churches, in particular for baptisms and marriages. We also support the local community by making our building available to a local community choir, and for use by the local secondary school for examinations. The church has made financial gifts to other organisations involved in advancing the Christian faith, as detailed in the accounts. In carrying out its activities in the year under review, the trustees have had regard to the public benefit guidance issued by the Charity Commission, and are satisfied that the activities mentioned above have all been for the public benefit. Page 2 of 3 Year Ending 31[st] December 2022 Wantage Baptist Church Annual Report and Accounts ## **Financial Review** The Leadership views the underlying financial position of the Church as being satisfactory. It is the Church’s policy to maintain unrestricted cash reserves of £10,000, corresponding to approximately two months normal expenditure. At the end of 2022 the Church held such reserves of £49,214, so there is a surplus of funds available. The main Church building is a historic asset but no valuation has been included in the accounts because of the cost of such a valuation compared to the benefit it would deliver to advancing the Church’s objectives. ## **Structure, Governance and Management** Wantage Baptist Church is an independent church constituted as an unincorporated association governed by a constitution adopted on 19th September 2013. The church is also subject to the terms of the trust deeds under which its premises are held. Leadership within the Church is provided by the Pastor, Elders and Deacons who are the Charity Trustees and have control and oversight of the Church. All are elected by the Church Members Meeting. The Pastor, Elders and Deacons during 2022 and at the date of this report were as follows: _Pastor:_ Jeremy Fernandez ## _Elders:_ Peter Smillie (from 23 November 2022) ## _Deacons:_ David Hillsdon Gillian Hutchinson Matthew Shewring (from 23 November 2022) Barrie Steers Martin Torbet The Elders meet monthly to consider the spiritual direction and pastoral concerns of the Church while the Elders and Deacons together meet monthly to discuss and decide upon practical aspects of the Church’s day to day functioning. A Church member’s meeting occurs on at least four occasions during the year. The leadership has overall responsibility for ensuring that the charity has an appropriate system of controls, financial and otherwise. They are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities and to provide reasonable assurance that: - the charity is operating efficiently and effectively; - its assets are safeguarded against unauthorised use or disposition; - proper records are maintained and financial information used in the charity or for publication is reliable; and - the charity complies with relevant laws and regulations. Page 3 of 3 Year Ending 31[st] December 2022 Wantage Baptist Church Annual Report and Accounts The internal controls are designed to provide reasonable, but not absolute, assurance against material misstatement or loss. They include: - regular consideration by the Deacons of the financial results; - delegation of authority and segregation of duties; and - identification and management of risks. The major risks as identified by the Leadership have been reviewed and systems set up to mitigate them. ## **Other Administrative Details** - _Registered Name_ Wantage Baptist Church - _Alternative name_ Wantage Baptist - _Registered Charity No_ 1163191 - _Church address_ 6 Mill Street, Wantage, Oxfordshire, OX12 9AQ - _Property Trustees_ The Fellowship Property Trust Ltd. - _Bankers_ Barclays Bank plc - _Independent Examiner_ David Cooke and Co., Chartered Accountants 5 Briar Close, Banbury, Oxfordshire, OX16 9DS. Signed on behalf of the Charity Trustees: **GILLIAN AMANDA STEEDS HUTCHINSON** Date: 25[TH] OCTOBER 2023 Page 4 of 3 Year Ending 31[st] December 2022 Wantage Baptist Church Annual Report and Accounts ## **Independent Examiner’s Report to the Charity Trustees of Wantage Baptist Church on the Financial Statements for the year ending 31[st] December 2022** I report on the accounts of the Church for the year ending 31 December 2022, which are set out on pages 5 to 12. ## **Respective responsibilities of trustees and independent examiner** The Charity's trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year (under section 44(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 Commissioners under section 145 (5) (b) 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 Commissioners. 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 examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which give me cause to believe that, in any material respect - the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or - the accounts did 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. David Cooke MA(Oxon), FCA, FCIE David Cooke and Co. Chartered Accountants 5 Briar Close Banbury, Oxfordshire OX16 9DS Date: 16 November 2023 Wantage Baptist Church Annual Report and Accounts Page5of3 Year Ending 31st December 2022 statement of Financial Activities for the Year Ending 31st December 2022 ilnrestricted The Kinrf• Fund* (£1 Centre (£1 R•¥tricted Fund• Totsl Fund 2022 IE) Total Fund 2021 1£) In¢ome A1 kieonw9 Resources frtym Gènéraitd Funds Ala - Vobjntary (Gfft Athd) - GIftA￿ Recovered - VobJnMry kncorrt (Not Gffl A￿8￿) Alb - DNbJends A1¢ - kntere$t Ald . knYe$thxn Ale - Rènt uf Prtn*es A11 A2 kn¢orn￿9 Resources from Ch•rt•bk Actryl*s 3 Other h)cowi Re$ources Tot•1 lrttimirqRés•wce* $2791 15428 11843 $2791 15428 17857 $2190 11841 8412 6014 712 712 292 1820 5766 S766 27082 32394 49 107 385.87 86539 6014 11WS Expenditure Bl Cost$ ol Generathg f¥n&% Bla - Costs Of Genero￿¢V0￿n1ary 9lb - Co¥t ot tsood• SobJ Blc - knvesfftnl klon•gew*nl CoJt8 B2 Charl*b* ACINI*S 82a - klhièty B2b _ B2c - cO￿￿jnfy Support 82d - F¢b)w¥hy & Outr¢ac B2e - Buthjwgs & Uta*s B2f . Equpff*ni 829 - Admm¥tral￿n B2h . OepreMIKn B3 Governance C4$1s 84 Other Resource¥ Expended T¢r&lResotrtesExpefy* 17603 17fj03 211)4 38557 9511 57 14945 37916 9YO 5434 6153 2846S 53 6153 32640 S3 4174 14930 718 SQ90 10015 3919 io 11 831 10614 19)7 41 87355 25738 15216 128310 107464 Net kncoffaig ReSOL¢rces Befwe Transfers 417 7$ -78 Tran•fer• Gross Tran¥f¢rs eetween Fty A*t IrKGmiry Re50t￿cesBefDre OtherRewonised Gain$ 4r&¥ 417 75 -78 Other R•cognS••d G•iTh• Lo*8•• 01 GaM5JLosses on ReYalJat￿n of Fued Assets D2 G•bisiLosses on knvestffenlAsse ACluèr*i Ga￿S￿O$st$ on Der￿ed 8enefts PenS￿n Scherres D3 417 -10$40 -1Q013 -78 Reconcill•t￿ of Fund# El Funds Brought Forw•rd E2 Net MoveNtnt ffi Fund$ Total Fu￿$ CaniedForwèr 58915 417 442105 -10540 431*5 5210Q2 $21080 -78 $21002 1344 21324 510988 Page 6 of 3 Year Ending 31[st] December 2022 Wantage Baptist Church Annual Report and Accounts **GILLIAN AMANDA STEEDS HUTCHINSON (DEACON/TREASURER)** Date:25[TH] OCTOBER 2023 Page 7 of 3 Year Ending 31[st] December 2022 Wantage Baptist Church Annual Report and Accounts ## **Notes to the accounts for the year ended 31 December, 2022 (continued)** Wantage Baptist Church Annual Report and Accounts Page8of3 Year Ending 31st December 2022 Charitable Activities- Misslon Restr￿ted Fund• Notes Unre$trthd The ￿r￿j.¥ fund• 1£> Centre ¢£1 Totsl Fund• 20221£) Totsl Furbd$ IY)211£1 Afita Be Space London Cty Mts*b)n P6Jrffl Ho ROFf Spuf9eon¥ Street Pa$lors Tearfund. Gen•MI SUp￿}rt Utrame Chrtsmn Min*tr￿￿- General Support 1200 1200 1440 100D 42U 1050 1440 1050 420 1000 271 729 780 4120 9520 3600 Yot•l 9511 S434 14945 9340 Charitable Activities.. Community Support Unre•tri¢te(l The ￿"ng.¥ Fund• ¢£1 C•ntr• (£1 Restncted Fund• Tol•l Fund¥ 20221£1 Tlote¥ Totsl Fund• 2021 lei Fe*)wsh4) GLts 1974 Total 1974 Charitable Activilie$'. Fellowship & Outreach Ilots* Unre•tri¢ted The King, Fund• 1£) entre 1£) Reitr*ted Fund Total Fund• Totsl Fund• 2021 (£1 Books Calem9 chur￿ Weekeno CrècheiTodd*rs Oickenswn Eyenng En9a9effoulh Feknwsh¥> Gift¥ Happy Acoms No￿1Y C￿b HolTopKs Lad¢s' Group L4hl Po Men'$ Group m￿ce1&ne0u5 Expen•es Pastor41 Core Sandbonks V$¢ Schools. Evèn9•ism Soaal Events Sunday s￿¢01 Trobiiig 76 47 500 151 451 71 413 1020 1020 2547 17 2547 587 Total 6153 6153 Wantage Baptist Church Annual Report and Accounts Page9of3 Year Ending 31st December 2022 Charitable Activities: Building5 & Utilities Unre•irthd The ￿ng.8 Fund• 1£> RestrKted Total Funds Fund¥ 2022 {() Totsl Fund8 20211£ Wote8 Chur¢h Bu￿￿9$ E*ctrKty Fwtures. Fkn9¥ 8 Eqvixrenl Gas knsuront* MamlenoTrce M¢cel&neous Te*phone Water Chur¢h Totsl 1978 1978 1930 3113 1930 3113 1E45 3S93 5046 337 337 -148 11404 Manse CounclT•x FrKtures. Fthgs & Equwr*ni knsurance M•fftlen•nce Atst)8e Tth 328 10143 10143 11193 326 Ctmetery kl•ffilenance C•m•tsryTotal 629 629 The Kinu'* Centre BU*J￿95 E*rJrtty 1329 knsurancÈ kl•fftlenance Rent ISefvKe ehar9el Te*phone Woler 'ng'• Centre Total 516 600 1105 504 1105 2S0 4174 4372 3198 Totsl 4174 14930 Charitable Activtlies: Equipment Unre¥tricted The Ksno'8 fund• l£} Centre 1£) Restricted Tow Fund• Funds 20221£> Totsl Fvnd• 20211£> flote• CorrpJters Fre Extth9u*herfvJrchise Ktchen Equyr*nt PubkAddreM IPA) EQUI￿nt M*ceMneous Propctor. Ompkny Scre 33 492 Totsl 53 718 Charitable Aciivities: Administration Notei Unre8iiti•d The Kiw. Fund• l£} Centre 1£) Restr￿ted Total Fundts Fund• 22 {É) Total fund• 2021 {É1 Bank Chaf Fees Offte Expen8e* Poytsge & FTrits9 Ststsnery 419 2832 790 494 2760 408 72 2760 1677 120 16n 120 1x13 45 Totsl 1919 5838 5090 Wantage Baptist Church Annual Report and Accounts Page 10of3 Year Ending 31st December 2022 10 Fixed Assets Mote• UnreBtricted The King'• Fur￿9 If) Centre 1£) Re*tncted Totsl Fund• Fund• 20221£> Total Funds Z021 ¢£1 A**et¥ Brought FOr￿r A•*ets Brouoht Forward knyestrrtnts I￿5 Ic655 In-year Movtmenet knv¢$tn%nts 1820 M¢t A•set• C•rried Forward knvesthxnts 9317 9317 1￿5$ Totsl Wet Fi¥edA*•et• C•rrled Forward 9317 9317 Wantage Baptist Church Annual Report and Accounts Page11of3 Year Ending 31st December 2022 11 Governance Costs Not•• Unre•tricte(l The ￿tr￿, Fund$ (£1 C•ntr• If) Re¥tr￿ted Totsl Fund* Fund* 20221£1 Totsl Fund• 20211É1 BusmeM Ltinse* & Pem*s CCPAS Fees Copyryht LKence* FEC FEC Ltd kndependenl Fmanc*l Lx•m•fs Fees Lind Re9¥ty Fe Le9al Fee$ Survtyrfs Fees 41 41 40 239 731 ssoo 766 240 240 S70 570 Total 41 1907 706Q 12 Gross Transfers Between Fui Mote• Unreitricted The King. Centre l£1 Restricted Totsl Fund• Fund• 20221£1 Total Fundi kW21 If) GrossTr•nsfers Between Funds L*bkns Dochar9td Total 13 The Klng's Centre Note8 Unre*tri¢t&d The Kino's Fund• {É) Centre {É) R•#tricted Total Futhd* FuTrd• 2022 {¢1 Total fundi 2021 1ÉTr Pety Cash e90￿nIS Stock T•FkJai 20 20 433 12732 9206 100 Totsl 9782 9782 13286 14 Debtors & Prepaymènts Notei UnrtstTi¢ttd The King'¥ Fund• {É) Centre {É) R•stricted Totsl Fund# Fund• 2022 {£1 Totsi fund 2021 1ÉTr HMRC GIftAt1 Due Accounts ReceN•ble Acuued l)Itrest 3183 3183 1870 Totsl 3183 3183 1978 Wantage Baptist Church Annual Report and Accounts Page 12of3 Year Ending 31st December 2022 15 Cash in the Banklln Hand Notes Unre¥trKted The ￿ng.$ Fund81É1 C•tsir• ICI Re•tri¢te¢J Totsl Fun¢J• Fund• 2022 ICI Totsl Fund• 2021 ICI 8archys CurTenl Account CCLA DeposdAccounl TKC Blrclays Actyjunl and Ca¥h 4214 1601 S815 1%19 13619 Tot•1 49214 1%19 1e01 644Y 62672 16 Current Liabilities Motes ilnrestricted The kn'ng'• Fund¥ ICI Centre IE) Restricted T*)tal Fund• Fund* 20?21£1 Total Fund• 20211£) rKC AccJ)unts Payat4b Accnjo 2077 2077 1676 $35 Tot•1 $35 2077 12 2176 Vnre$tri¢ted The Kino's Funds Centre 17 Movements in Funds N4xe• Rtstricted Fund* Totsi Funds Fund* *11#1 Janu8ry 2022 kn¢orr¢ Expendlu LllibilI￿S Dilcharged 5891S e6539 8735$ 19981 27082 25738 442105 4676 15216 521002 178297 128310 Fund* at 31•t De¢ember 2022 21324 431 510988