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2022-09-30-accounts

Taunton

Church of the Nazarene

Board of Trustees’ Report and Financial Statements For the Year Ended 30 September 2022

Registered Charity: 1166295

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Taunton Church of the Nazarene

Board of Trustees’ Report and Financial Statements

For the Year Ended30 September 2022

Index

Board of Trustees Report

Pages 3-6

Independent Examiners Report Not Required Financial Statements Pages 7-9

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Taunton Church of the Nazarene – Report of the Board of Trustees for the Year Ended30 September 2022

The Board of Trustees presents its report and financial statements for the year ended 30 September 2022.

Reference and Administrative Information

Charity name: Taunton Church of the Nazarene Charity Registration Number:1166295 Principal Address: Bathpool Chapel, Bridgwater Road, Taunton TA2 8BD

Board of Trustees

Rev Tassadaq Naomi GullChairperson Appointed 18 December 2017 Rose Crowie Board Member Appointed 23 February 2020 Linda Hancock Board Member Appointed 23 February 2020 Kathy Jones Board Member Appointed 23 February 2020 Rose Crowie Treasurer Appointed15 March2019 resigned 4 April 2022 Helen Clegg Treasurer Appointed 4 April 2022 Linda Hancock Secretary Appointed 23 February 2020 Resigned 1[st] July 2022

Holding/Custodian Trustee

Church of the Nazarene British Isles South District (A Charitable Company Limited by Guarantee: Company No 7028764)

Website: Not applicable

Bankers: Lloyds Bank, 31 Fore Street, Taunton (Branch Sort Code: 30-98-45)

Independent Examiner: Not required as total income for the year ended 30 September. 2022 below £25,000

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Taunton Church of the Nazarene Report of the Board of Trustees for the Year Ended30 September 2022

Structure, Governance, and management

Structure and Organisation

The charitable organisation was set up on 31 March 2016 with excepted charitable status under a model trust deed dated 16 February 1953 and became a Charitable Incorporated Organisation on 31 March 2016 with registration number 1166295.

Trustee Appointments

The Pastor of the church is ex-officio Chairperson of the Board of Charity Trustees, and her position is reviewed after two years and then every four years after that.

The remaining Trustees are elected annually by the members of Taunton Church of the Nazarene at the annual general meeting held in January/February each year.

Governance and Wider Network

The Board of Trustees meets regularly, normally monthly to consider the work and management of the church and assess and plan the financial and other aspects of the work and direction of the charity.

The church/CIO is a member of the Church of The Nazarene British Isles South District (a Charitable Company Limited by Guarantee, Company No 7028764; Charity No 1133336) which in turn is a member of The Global Church of The Nazarene which has its headquarters in Lenexa, USA.

The CIO is governed by an approved governing constituting document drawn up by Anthony Collins, Charity Solicitors, Birmingham and approved by the Charity Commission for England and Wales and HMR&C. The governing document is based on the Manual of the Global Church of The Nazarene where UK law permits.

Risk Management

The risk management strategy of the church is in a continual process of formulation in response to the changing circumstances that could impact upon the work of the church.

The Board of Trustees, in considering this important task, take direction from on-going discussions with members both internally and through meetings with the Church of The Nazarene British Isles South District and other advisers, adopting appropriate policies as required or as they become necessary to the ongoing work of the church.

Objectives and Activities

Charitable Objectives

The charity has the following objectives:

What – Education, training, and recreation

Who – Children, young people, elderly people, other defined groups and the general public

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How – Provides buildings, facilities, services, advocacy, advice and information

Taunton Church of the Nazarene

Report of the Board of Trustees for the Year Ended30 September 2022

Objectives and Activities (continued) Public Benefit

The Trustees have had due regard to the Charity Commission guidance on public benefit reporting in deciding what activities the charity should undertake. This report illustrates the activities undertaken to support the public benefit requirement.

Review of the Year Ended 30 September 2022

During the Lockdown, the aims for the period included:

Achievements during the period include:

Volunteers

The work planned, activities undertaken, and achievements attained, would not have been possible without the active involvement and work of members and friends of the charity. The Board of Trustees is grateful their work support Taunton Church of The Nazarene both locally and further afield.

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Taunton Church of the Nazarene Report of the Board of Trustees for the Year Ended 30 September 2022

Financial Review

Reserves

The charity does not have a policy on reserves as the expenditure and work of the charity is reliant upon the ongoing support, tithes and offerings of the members and friends received at the weekly meetings or directly through the bank. The Board of Trustees reviews on a bi-monthly basis the anticipated income and expenditure for the next two to three months in order to ensure the ongoing work of the charity.

Financial Review for the Year

The charity has continued to meet and tailor the expenditure it incurs to the income received through tithes, offerings, and donations received. There is much more that the Board of Trustees would like to do and we continue to explore these and the use of possible grants that may be available to enable plans to become a reality.

The reserves that had been built up became depleted during Lockdown with very little. income being generated. The Pastor is no longer receiving a stipend and works part time, to enable the missional work of Taunton Church of The Nazarene to continue.

Plans for Future Periods

The Board of Trustees continue to meet on a bi-monthly basis to plan and look to the future of the charity.

Declaration

The Trustees declare that they have approved the Trustees’ report above.

Signed on behalf of the Charity’s Trustees on 27 July 2023

Rev. T Naomi Gull Rose Crowie (Chair & Trustee) (Trustee)

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Taunton Church of the Nazarene Receipts and Payments Account For the year ended 30 September 2022

Unrestricted Funds Unrestricted Funds
2022 2021
Receipts
Tithes & Offerings 2,456 3,989
Rents received 2,750 -
Grants received - 8,764
Gift Offering 277 555
Other Income 1,905 -
Transfers from Deposit 11,594 -
Total Receipts 18,984 13,308
Payments
Church Utilities 801 413
Manse Utilities - -
Chapel/Manse Insurance 565 711
Licences 129 1,057
Chapel/Manse Repairs 12,153 1,532
Pastor Office equipment - 521
Pastor training - 105
Pastor Car Insurance 740 404
Church District Budgets 325 838
Events payments 64 60
Pastor Car Expenses 319
-
Miscellaneous 355 -
Transfer to Deposit 11,595 -
Total Payments 27,237 5,641
Change in income over expenditure for the year (8,254) 7.667
Balance brought Forward 11,722 4,055
Balance carried Forward 3,468 11,722

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Taunton Church of the Nazarene
Assets and Liabilities
As at 30 September 2022 2022 2021
Cash funds
Lloyds current account 3,468 8,222
Lloyds Savings account 0 3,500
Total Funds held
3,468 11,722
Fixed Assets
103 Bridgwater Road, Taunton, TA2 8BD
220,000 220,000
Total Assets 223.468 231,722
Represented by
Unrestricted Funds
General Fund 3,468 11,722
Designated Fund- Capital Fund 220,000 220,000
Total including designated Funds 223,468 231,722

The Charity also owns property known as Taunton Church of the Nazarene on Bridgwater Road, but no original cost details pertaining to this property are available.

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Taunton Church of The Nazarene Notes to Accounts for the Year Ended 30 September 2022

Purpose of Funds

General Fund

This is unrestricted funds for use to achieve the aims and objectives of the charity. Capital Fund

This is an unrestricted fund designated to hold the freehold value of the manse.

Trustee Remuneration & Expenses

During the year Naomi Gull, the Pastor, was paid remuneration of £0 (2021 £0) and pension contributions of £0 (2021£0).

The Pastor was reimbursed expenses totalling £1,394.54 (2021 £925) during the year.

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