Trustees' Annual Report for the period
| Period start date | Period start date | Period end date | Period end date | ||||
|---|---|---|---|---|---|---|---|
| Day | Month | Year | Day | Month | Year | ||
| From | 01 | 01 | 2020 | To | 31 | 12 | 2020 |
Section A Reference and administration details
Community Baptist Church, Sutton Community Baptist Church
Charity name Other names charity is known by Community Baptist Church Registered charity number (if any) 1171500 Charity's principal address 1 Kenny Drive Carshalton Postcode SM5 4PH
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole **year ** |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Ryan Strother | 01/01/2020-31/12/2020 | Church membership | ||
| Winifred Fry | 01/01/2020-31/12/2020 | Church membership | ||
| Krystian Napora | 01/01/2020-31/12/2020 | Church membership | ||
Names of the trustees for the charity, if any, (for example, any custodian trustees)
Name Dates acted if not for whole year
March 2012
TAR
1
Names and addresses of advisers (Optional information)
Type of adviser Name Address
Name of chief executive or names of senior staff members (Optional information)
Section B Structure, governance and management
Description of the charity’s trusts
Constitution Type of governing document
- (eg. trust deed, constitution)
How the charity is constituted
Association
- (eg. trust, association, company)
Elected from and by the membership Trustee selection methods
- (eg. appointed by, elected by)
Additional governance issues (Optional information)
You may choose to include additional information, where relevant, about:
-
policies and procedures adopted for the induction and training of trustees;
-
the charity’s organisational structure and any wider network with which the charity works;
-
relationship with any related parties;
-
trustees’ consideration of major risks and the system and procedures to manage them.
Section C Objectives and activities
TO EXALT JESUS CHRIST IN ALL ACTIONS AND MANNERS SO PRESCRIBED IN HIS WORD;
TO EXPLAIN BIBLICAL TRUTH IN A PRACTICAL MANNER SO THAT WE MAY ENCOURAGE AND BE AN EXAMPLE TO OUR COMMUNITY; Summary of the objects of the TO ENCOURAGE SPIRITUAL GROWTH AMONGST OUR charity set out in its MEMBERSHIP; governing document TO ESTABLISH FAMILY AND MORAL VALUES IN ORDER TO PROMOTE A GODLY LIFESTYLE; TO EXPAND THE LEADERS THAT HAVE A PASSION TO REACH OUT IN A SPIRITUAL AND PRACTICAL MANNER;
March 2012
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2
TO EXPAND THE PURPOSE OF JESUS CHRIST IN GLOBAL OUTREACH TO OUR SURROUNDING COMMUNITY AND ENTIRE WORLD.
The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charities Commission for England and Wales
We have a number of regular activities that are designed to help us achieve the objects set out above. These include: -Weekly church services open to the general public where we exalt Jesus Christ through worship; explain the Bible in a practical way; encourage Summary of the main people to have a positive impact in the community; and encourage activities undertaken for the people to live by the moral values we find in the Bible. public benefit in relation to these objects (include within -Weekly Bible studies that are more informal but still carry the main this section the statutory objective of explaining and applying the Bible in a practical way. declaration that trustees have had regard to the guidance -Regular outreach to our local community, inviting people to our services issued by the Charity and sharing Biblical truth with them. Commission on public benefit) -Regular leadership development to foster a deeper understanding and
-Regular leadership development to foster a deeper understanding and application of Biblical teaching, and encourage leaders to reach out to others in their communities.
-Involvement with other local churches, here and abroad, through prayer and financial support, and occasional visits.
Additional details of objectives and activities (Optional information)
March 2012
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3
You may choose to include further statements, where relevant, about:
-
policy on grantmaking;
-
policy programme related investment;
-
contribution made by volunteers.
Section D Achievements and performance
March 2012
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4
Section D Achievements and performance
Our church activities were greatly reduced in 2020 due to the COVID 19 Summary of the main pandemic. Regular services, outreach activities, and special events were achievements of the charity all curtailed and many meetings had to be held online. during the year -Supporting foreign missions and church planting partners -Holding outreach events on our local High Street to meet and benefit people in our local community -Holding discipleship sessions to train new leaders in the church, primarily online during the pandemic -We began on online midweek Bible study to keep our members engaged during the pandemic -We supported some of our older and more vulnerable members through socially distanced outdoor visits and small care packages -We helped some of our medically vulnerable members with their weekly shopping during the height of the pandemic -We held our first ever, online church Christmas party during the winter lockdown.
March 2012
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5
Section E Financial review The charity has set aside any excess funds in an interest earning account for future operational expenses or purchase of pemanent meeling location. Brief statement of tho charity's policy on reserves Details of any funds materially In daflclt None Furtherfinancial review detalls Ioptlonal Information) You may choose lo Include addilional information, where relevant about.. the charlty's prlncipal sources of funds (including any fundraising). how expendlture has supported the key objecllves of the charity. invèstment pollcy and objectives including any ethical inv6stment policy adopted. Section F Other optional information Section G Declaration The trustees declare that they have approved the truslees, report above. Slgned on behalf of the charity's trustees Slgnature(s) Full name(s) Ryan Strother Krystian Napora Posltlon {eg Secretary, Chair. elc) Trustee Trustee Date 25110121 TAR March 2012
COMMUNITY BAPTIST CHURCH, SUTTON
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 December 2020
Registered Charity Number: 1171500
CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 December 2020
| Page | |
|---|---|
| Report of the Trustees | 1 to 3 |
| Independent Examiner’s Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 to 10 |
COMMUNITY BAPTIST CHURCH, SUTTON
REPORT OF THE TRUSTEES
for the year ended 31 December 2020
The trustees present their report with the financial statements of the unincorporated charity for the year ended 31 December 2020. The trustees have adopted the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued on 16[th] July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (RFS102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1[st] January 2020.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1171500
Principal address 1 Kenny Drive Carshalton SM5 4PH
Trustees
W Fry K Napora Rev R Strother
Independent examiner David Warren Cocke, Vellacott & Hill Chartered Accountants Unit 28 City Business Centre Lower Road London SE16 2XB
Page 1
COMMUNITY BAPTIST CHURCH, SUTTON
REPORT OF THE TRUSTEES (continued)
for the year ended 31 December 2020
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is governed by its constitution adopted on 11 September 2016 as amended 29 January 2017.
Recruitment and appointment of new trustees
Trustees are elected from amongst the membership of the church, and are nominated by the members. Nominees are interviewed and vetted by the pastor and existing trustees. Voting takes place at the Annual General Meeting to elect trustees for the coming year. Relevant training is provided by the existing trustees.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The trustees consider that they have to consider credit risk and cash flow risk. Any use of financial derivatives is governed by the charity’s policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.
Credit risk
The charity’s principal financial assets are bank balances. The amounts presented in the balance sheet are net of allowables for doubtful receivables. The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The advancement of the Christian religion for the benefit of the public in accordance with the following:
To exalt Jesus Christ in all actions and manners so prescribed in his word;
To explain biblical truth in a practical manner so that we may encourage and be an example to our community; To encourage spiritual growth amongst our membership;
To establish family and moral values in order to promote a godly lifestyle;
To expand the leaders that have a passion to reach out in a spiritual and practical manner; and
To expand the purpose of Jesus Christ in global outreach to our surrounding community and entire world.
Specific activities undertaken in the furtherance of these objectives during the year are recorded in the separate Trustees’ Annual Report filed with the Charity Commission.
Public benefit
The Trustees confirm that they have complied with the duty in Section 4 of the Charities Act 2011 to have regard to the Charity Commission's general guidance on public benefit. All activities are undertaken for the benefit of the public at large.
Grant making
The payment of grants to missionaries in furtherance of the charity's objectives are voted and agreed upon by the trustees at regular meetings.
ACHIEVEMENT AND PERFORMANCE
Review of the development, activities and achievements for the year
The trustees are happy with progress made in the year, further details of which can be found in the separate Trustees’ Annual Report filed with the Charity Commission.
Investment policy and performance
All assets are held in cash and in light of current interest rates the trustees are satisfied with the returns that they receive given that investments are held in low risk accounts.
FINANCIAL REVIEW
Reserves policy
The charity's reserves are represented by the cash at bank and in hand. Total reserves are £128,172 (2019: £110,173) and this level of reserves is maintained to cover annual running costs, and to build up a fund with the objective of purchasing premises in the future.
Page 2
COMMUNITY BAPTIST CHURCH, SUTTON
REPORT OF THE TRUSTEES (continued)
for the year ended 31 December 2020
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees are responsible for preparing the annual report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
Charity law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of charity's financial activities during the year and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, the trustees are required to:
-
select suitable accounting policies and then apply them consistently.
-
make judgements and estimates that are reasonable and prudent; and
-
state whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which are sufficient to show and explain the charity's transactions and to disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the provision of the Trust deed and the "Charities SORP (FRS 102). 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.
Approved by order of the board of trustees on 10 October 2021 and signed on its behalf by:
Rev R Strother – Trustee
Page 3
COMMUNITY BAPTIST CHURCH, SUTTON
INDEPENDENT EXAMINER’S REPORT OF THE TRUSTEES OF COMMUNITY BAPTIST CHURCH, SUTTON
I report on the accounts for the year ended 31 December 2020 set out on pages 5 to 10.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.
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 Commission (under Section 145(5)(b) of the 2011 Act); and
-
to state whether particular matters have come to my attention.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with my 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 2011 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 Warren BA FCA Cocke, Vellacott & Hill Chartered Accountants Unit 28 City Business Centre Lower Road LONDON SE16 2XB
10 October 2021
Page 4
COMMUNITY BAPTIST CHURCH, SUTTON
STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 31 December 2020
| Notes Unrestricted Restricted funds funds General £ £ Income and endowments from: Donations and legacies 34,691 4,729 Investment income 289 - __ _ Total income 2 34,980 4,729 Expenditure on: Raising funds 3 126 - Charitable activities 4 12,086 9,498 _ _ Total expenditure 12,212 9,498 _ ____ Net income and net movement in funds 22,768 (4,769) Transfer between funds 8 (2,200) 2,200 Reconciliation of funds Total funds brought forward 8 99,058 11,115 Total funds carried forward 8 119,626 8,546 |
Total 2020 £ 39,420 289 ______ 39,709 126 21,584 __ 21,710 ____ 17,999 - 110,173 128,172 |
Total 2019 £ 51,348 327 _ _65,385 125 22,164 _ 22,289_ ____ 29,416 - 80,757 110,173 |
|---|---|---|
All of the charity’s activities derive from continuing operations during the above two periods.
The notes on pages 7 to 10 form part of these financial statements
Page 5
COMMUNITY BAPTIST CHURCH, SUTTON
BALANCE SHEET
as at 31 December 2020
| Notes Total current assets: Cash at bank Liabilities: Creditors: Amounts falling due within one year Net current assets / (liabilities) Total assets less current liabilities Total net assets / (liabilities) 8 The funds of the charity: Unrestricted funds 8 Restricted income funds 8 Total charity funds |
2020 £ 128,172 128,172 - 128,172 128,172 128,172 119,626 8,546 128,172 |
2019 £ 110,173 |
|---|---|---|
| 110,173 - |
||
| 110,173 | ||
| 110,173 | ||
| 110,173 | ||
| 99,058 11,115 |
||
| 110,173 |
The financial statements were approved by the Board of Trustees on 10 October 2021 and were signed on its behalf by:
Rev R Strother – Trustee
The notes on pages 7 to 10 form part of these financial statements
Page 6
COMMUNITY BAPTIST CHURCH, SUTTON
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2020
- General information and accounting policies
Community Baptist Church, Sutton is governed by the constitution dated 11 September 2016 and amended 29 January 2017. The Registered Charity number of the Trust is 1171500 and its registered address is 1 Kenny Drive, Carshalton, SM5 4PH. Accounts are presented in GBP sterling.
The charity’s objectives are the advancement of the Christian religion for the benefit of the public in accordance with the following: To exalt Jesus Christ in all actions and manners so prescribed in his word;
To explain biblical truth in a practical manner so that we may encourage and be an example to our community; To encourage spiritual growth amongst our membership;
To establish family and moral values in order to promote a godly lifestyle;
To expand the leaders that have a passion to reach out in a spiritual and practical manner; and
To expand the purpose of Jesus Christ in global outreach to our surrounding community and entire world.
Basis of preparation of financial statements
The accounts (financial statements) have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued on 16[th] July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1[st] January 2020.
After reviewing the charity's finances, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The trust therefore continues to adopt the going concern basis in preparing its financial statements.
The charity constitutes a public benefit entity as defined by FRS 102.
Income recognition and debtors
All income is included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be measured reliably.
Investment income is accounted for gross and when received.
Debtors are recognised at their monetary value.
Gifts in kind
Gifts in kind are recognised in different ways dependent on how they are used by the charity:
-
(i) Those donated for resale produce income when they are sold. They are valued at the amount actually realised.
-
(ii) Those donated for onward transmission to beneficiaries are included in the Statement of Financial Activities as incoming resources and resources expended when they are distributed. They are valued at the amount the charity would have had to pay to acquire them.
-
(iii) Those donated for use by the charity itself are included when receivable. They are valued at the amount the charity would have had to pay to acquire them.
Expenditure recognition and liabilities
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs 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.
Liabilities are recognised at their monetary value as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Grants payable are recognised as expenditure when the commitment is entered into. The Society has specific guidelines to be followed by the Trustees when deciding on the payment of grants to individuals and institutions.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Page 7
COMMUNITY BAPTIST CHURCH, SUTTON
NOTES TO THE FINANCIAL STATEMENTS (continued)
For the year ended 31 December 2020
Raising funds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charity for UK corporation tax purposes. Accordingly the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010oe Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
VAT incurred is not recoverable and is treated as a cost.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees’ discretion in furtherance of the objectives of the charity.
Designated funds are unrestricted funds set aside for specific purpose at the discretion of the trustees.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. At present restricted funds are raised to support missionary work, at the direction of the trustees.
Financial instruments
Recognition and measurement
All financial assets and liabilities are initially measured at a transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only when, there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some but not all significant risks and rewards of ownership has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
Page 8
COMMUNITY BAPTIST CHURCH, SUTTON
NOTES TO THE FINANCIAL STATEMENTS (continued)
For the year ended 31 December 2020
2. INCOME FROM DONATIONS AND LEGACIES
| Unrestricted funds General £ Donations and legacies: Donations from individuals - Regular giving and capital donations 34,691 Gifts in kind - _ 34,691 3. EXPENDITURE ON RAISING FUNDS Costs of generating donations and legacies Unrestricted funds General £ Other direct costs of generating voluntary income 126 4. EXPENDITURE ON CHARITABLE ACTIVITIES Unrestricted funds General £ Regular giving to missionaries - Other costs of charitable activities 12,086 _ 12,086 5. GOVERNANCE COSTS (included in charitable activity costs) Independent examiner’s fee |
Restricted funds £ 4,729 - - _ 4,729 Restricted costs £ - Restricted costs £ 9,498 - _ 9,498 |
Total 2020 £ 4,729 34,691 - _ 39,420 Total 2020 £ 126 Total 2020 £ 9,498 12,086 _ 21,584 2020 £ 480 |
Total 2019 £ 9,648 41,700 - _ _51,348 |
|---|---|---|---|
| Total 2019 £ 125 |
|||
| Total 2019 £ 9,083 13,081 __ 22,164 |
|||
| 2019 £ 720 |
6. TRUSTEES AND EMPLOYEES
The charity does not have any employees in the current year (2019: none). There were no trustees’ remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.
Members of the church volunteer to help set up and break down the church setting at services, and volunteer to spread the message locally through meeting the public and distributing tracts on a regular basis.
No employee earned more than £60,000 per annum.
Trustees’ expenses
There were no trustees’ expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019.
Page 9
COMMUNITY BAPTIST CHURCH, SUTTON
NOTES TO THE FINANCIAL STATEMENTS (continued)
For the year ended 31 December 2020
7. TAXATION
As recorded in Note 1 the church is a registered charity and is therefore exempt from taxation.
| 8. MOVEMENT IN FUNDS Restricted funds General Unrestricted funds General Designated Net movement in funds, included in the above are as follow: Incoming Resources £ Restricted funds General 4,729 Unrestricted funds General 34,980 Designated - |
1 Jan 20 £ 11,115 84,035 15,023 110,173 Resources expended £ (9,498) (12,212) - |
Net Movement in funds 31 Dec 20 £ £ (2,569) 8,546 20,568 104,603 - 15,023 17,999 128,172 Transfers Movement in funds £ £ 2,200 (2,569) (2,200) 20,568 - - |
|---|---|---|
A transfer was made between funds to reflect Gift Aid receipts in respect of restricted donations in 2019 and 2020.
9. SPLIT OF NET ASSETS
| Unrestricted | Restricted | ||
|---|---|---|---|
| funds | funds | Total | |
| £ | £ | £ | |
| Cash at bank | 119,626 | 8,546 | 128,172 |
10. ULTIMATE CONTROLLING PARTY
The charity is run on a day to day basis by the appointed trustees as shown in the Trustees’ Report.
11. RELATED PARTIES
There are no related party transactions to disclose.
Page 10
COMMUNITY BAPTIST CHURCH, SUTTON
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 December 2020
Registered Charity Number: 1171500
CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 December 2020
| Page | |
|---|---|
| Report of the Trustees | 1 to 3 |
| Independent Examiner’s Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 to 10 |
COMMUNITY BAPTIST CHURCH, SUTTON
REPORT OF THE TRUSTEES
for the year ended 31 December 2020
The trustees present their report with the financial statements of the unincorporated charity for the year ended 31 December 2020. The trustees have adopted the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued on 16[th] July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (RFS102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1[st] January 2020.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1171500
Principal address 1 Kenny Drive Carshalton SM5 4PH
Trustees
W Fry K Napora Rev R Strother
Independent examiner David Warren Cocke, Vellacott & Hill Chartered Accountants Unit 28 City Business Centre Lower Road London SE16 2XB
Page 1
COMMUNITY BAPTIST CHURCH, SUTTON
REPORT OF THE TRUSTEES (continued)
for the year ended 31 December 2020
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is governed by its constitution adopted on 11 September 2016 as amended 29 January 2017.
Recruitment and appointment of new trustees
Trustees are elected from amongst the membership of the church, and are nominated by the members. Nominees are interviewed and vetted by the pastor and existing trustees. Voting takes place at the Annual General Meeting to elect trustees for the coming year. Relevant training is provided by the existing trustees.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The trustees consider that they have to consider credit risk and cash flow risk. Any use of financial derivatives is governed by the charity’s policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.
Credit risk
The charity’s principal financial assets are bank balances. The amounts presented in the balance sheet are net of allowables for doubtful receivables. The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The advancement of the Christian religion for the benefit of the public in accordance with the following:
To exalt Jesus Christ in all actions and manners so prescribed in his word;
To explain biblical truth in a practical manner so that we may encourage and be an example to our community; To encourage spiritual growth amongst our membership;
To establish family and moral values in order to promote a godly lifestyle;
To expand the leaders that have a passion to reach out in a spiritual and practical manner; and
To expand the purpose of Jesus Christ in global outreach to our surrounding community and entire world.
Specific activities undertaken in the furtherance of these objectives during the year are recorded in the separate Trustees’ Annual Report filed with the Charity Commission.
Public benefit
The Trustees confirm that they have complied with the duty in Section 4 of the Charities Act 2011 to have regard to the Charity Commission's general guidance on public benefit. All activities are undertaken for the benefit of the public at large.
Grant making
The payment of grants to missionaries in furtherance of the charity's objectives are voted and agreed upon by the trustees at regular meetings.
ACHIEVEMENT AND PERFORMANCE
Review of the development, activities and achievements for the year
The trustees are happy with progress made in the year, further details of which can be found in the separate Trustees’ Annual Report filed with the Charity Commission.
Investment policy and performance
All assets are held in cash and in light of current interest rates the trustees are satisfied with the returns that they receive given that investments are held in low risk accounts.
FINANCIAL REVIEW
Reserves policy
The charity's reserves are represented by the cash at bank and in hand. Total reserves are £128,172 (2019: £110,173) and this level of reserves is maintained to cover annual running costs, and to build up a fund with the objective of purchasing premises in the future.
Page 2
COMMUNITY BAPTIST CHURCH, SUTTON
REPORT OF THE TRUSTEES (continued)
for the year ended 31 December 2020
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees are responsible for preparing the annual report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
Charity law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of charity's financial activities during the year and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, the trustees are required to:
-
select suitable accounting policies and then apply them consistently.
-
make judgements and estimates that are reasonable and prudent; and
-
state whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which are sufficient to show and explain the charity's transactions and to disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the provision of the Trust deed and the "Charities SORP (FRS 102). 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.
Approved by order of the board of trustees on 10 October 2021 and signed on its behalf by:
Rev R Strother – Trustee
Page 3
COMMUNITY BAPTIST CHURCH, SUTTON
INDEPENDENT EXAMINER’S REPORT OF THE TRUSTEES OF COMMUNITY BAPTIST CHURCH, SUTTON
I report on the accounts for the year ended 31 December 2020 set out on pages 5 to 10.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.
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 Commission (under Section 145(5)(b) of the 2011 Act); and
-
to state whether particular matters have come to my attention.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with my 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 2011 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 Warren BA FCA Cocke, Vellacott & Hill Chartered Accountants Unit 28 City Business Centre Lower Road LONDON SE16 2XB
10 October 2021
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COMMUNITY BAPTIST CHURCH, SUTTON
STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 31 December 2020
| Notes Unrestricted Restricted funds funds General £ £ Income and endowments from: Donations and legacies 34,691 4,729 Investment income 289 - __ _ Total income 2 34,980 4,729 Expenditure on: Raising funds 3 126 - Charitable activities 4 12,086 9,498 _ _ Total expenditure 12,212 9,498 _ ____ Net income and net movement in funds 22,768 (4,769) Transfer between funds 8 (2,200) 2,200 Reconciliation of funds Total funds brought forward 8 99,058 11,115 Total funds carried forward 8 119,626 8,546 |
Total 2020 £ 39,420 289 ______ 39,709 126 21,584 __ 21,710 ____ 17,999 - 110,173 128,172 |
Total 2019 £ 51,348 327 _ _65,385 125 22,164 _ 22,289_ ____ 29,416 - 80,757 110,173 |
|---|---|---|
All of the charity’s activities derive from continuing operations during the above two periods.
The notes on pages 7 to 10 form part of these financial statements
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COMMUNITY BAPTIST CHURCH, SUTTON
BALANCE SHEET
as at 31 December 2020
| Notes Total current assets: Cash at bank Liabilities: Creditors: Amounts falling due within one year Net current assets / (liabilities) Total assets less current liabilities Total net assets / (liabilities) 8 The funds of the charity: Unrestricted funds 8 Restricted income funds 8 Total charity funds |
2020 £ 128,172 128,172 - 128,172 128,172 128,172 119,626 8,546 128,172 |
2019 £ 110,173 |
|---|---|---|
| 110,173 - |
||
| 110,173 | ||
| 110,173 | ||
| 110,173 | ||
| 99,058 11,115 |
||
| 110,173 |
The financial statements were approved by the Board of Trustees on 10 October 2021 and were signed on its behalf by:
Rev R Strother – Trustee
The notes on pages 7 to 10 form part of these financial statements
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COMMUNITY BAPTIST CHURCH, SUTTON
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2020
- General information and accounting policies
Community Baptist Church, Sutton is governed by the constitution dated 11 September 2016 and amended 29 January 2017. The Registered Charity number of the Trust is 1171500 and its registered address is 1 Kenny Drive, Carshalton, SM5 4PH. Accounts are presented in GBP sterling.
The charity’s objectives are the advancement of the Christian religion for the benefit of the public in accordance with the following: To exalt Jesus Christ in all actions and manners so prescribed in his word;
To explain biblical truth in a practical manner so that we may encourage and be an example to our community; To encourage spiritual growth amongst our membership;
To establish family and moral values in order to promote a godly lifestyle;
To expand the leaders that have a passion to reach out in a spiritual and practical manner; and
To expand the purpose of Jesus Christ in global outreach to our surrounding community and entire world.
Basis of preparation of financial statements
The accounts (financial statements) have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued on 16[th] July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1[st] January 2020.
After reviewing the charity's finances, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The trust therefore continues to adopt the going concern basis in preparing its financial statements.
The charity constitutes a public benefit entity as defined by FRS 102.
Income recognition and debtors
All income is included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be measured reliably.
Investment income is accounted for gross and when received.
Debtors are recognised at their monetary value.
Gifts in kind
Gifts in kind are recognised in different ways dependent on how they are used by the charity:
-
(i) Those donated for resale produce income when they are sold. They are valued at the amount actually realised.
-
(ii) Those donated for onward transmission to beneficiaries are included in the Statement of Financial Activities as incoming resources and resources expended when they are distributed. They are valued at the amount the charity would have had to pay to acquire them.
-
(iii) Those donated for use by the charity itself are included when receivable. They are valued at the amount the charity would have had to pay to acquire them.
Expenditure recognition and liabilities
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs 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.
Liabilities are recognised at their monetary value as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Grants payable are recognised as expenditure when the commitment is entered into. The Society has specific guidelines to be followed by the Trustees when deciding on the payment of grants to individuals and institutions.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
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COMMUNITY BAPTIST CHURCH, SUTTON
NOTES TO THE FINANCIAL STATEMENTS (continued)
For the year ended 31 December 2020
Raising funds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charity for UK corporation tax purposes. Accordingly the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010oe Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
VAT incurred is not recoverable and is treated as a cost.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees’ discretion in furtherance of the objectives of the charity.
Designated funds are unrestricted funds set aside for specific purpose at the discretion of the trustees.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. At present restricted funds are raised to support missionary work, at the direction of the trustees.
Financial instruments
Recognition and measurement
All financial assets and liabilities are initially measured at a transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only when, there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some but not all significant risks and rewards of ownership has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
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COMMUNITY BAPTIST CHURCH, SUTTON
NOTES TO THE FINANCIAL STATEMENTS (continued)
For the year ended 31 December 2020
2. INCOME FROM DONATIONS AND LEGACIES
| Unrestricted funds General £ Donations and legacies: Donations from individuals - Regular giving and capital donations 34,691 Gifts in kind - _ 34,691 3. EXPENDITURE ON RAISING FUNDS Costs of generating donations and legacies Unrestricted funds General £ Other direct costs of generating voluntary income 126 4. EXPENDITURE ON CHARITABLE ACTIVITIES Unrestricted funds General £ Regular giving to missionaries - Other costs of charitable activities 12,086 _ 12,086 5. GOVERNANCE COSTS (included in charitable activity costs) Independent examiner’s fee |
Restricted funds £ 4,729 - - _ 4,729 Restricted costs £ - Restricted costs £ 9,498 - _ 9,498 |
Total 2020 £ 4,729 34,691 - _ 39,420 Total 2020 £ 126 Total 2020 £ 9,498 12,086 _ 21,584 2020 £ 480 |
Total 2019 £ 9,648 41,700 - _ _51,348 |
|---|---|---|---|
| Total 2019 £ 125 |
|||
| Total 2019 £ 9,083 13,081 __ 22,164 |
|||
| 2019 £ 720 |
6. TRUSTEES AND EMPLOYEES
The charity does not have any employees in the current year (2019: none). There were no trustees’ remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.
Members of the church volunteer to help set up and break down the church setting at services, and volunteer to spread the message locally through meeting the public and distributing tracts on a regular basis.
No employee earned more than £60,000 per annum.
Trustees’ expenses
There were no trustees’ expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019.
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COMMUNITY BAPTIST CHURCH, SUTTON
NOTES TO THE FINANCIAL STATEMENTS (continued)
For the year ended 31 December 2020
7. TAXATION
As recorded in Note 1 the church is a registered charity and is therefore exempt from taxation.
| 8. MOVEMENT IN FUNDS Restricted funds General Unrestricted funds General Designated Net movement in funds, included in the above are as follow: Incoming Resources £ Restricted funds General 4,729 Unrestricted funds General 34,980 Designated - |
1 Jan 20 £ 11,115 84,035 15,023 110,173 Resources expended £ (9,498) (12,212) - |
Net Movement in funds 31 Dec 20 £ £ (2,569) 8,546 20,568 104,603 - 15,023 17,999 128,172 Transfers Movement in funds £ £ 2,200 (2,569) (2,200) 20,568 - - |
|---|---|---|
A transfer was made between funds to reflect Gift Aid receipts in respect of restricted donations in 2019 and 2020.
9. SPLIT OF NET ASSETS
| Unrestricted | Restricted | ||
|---|---|---|---|
| funds | funds | Total | |
| £ | £ | £ | |
| Cash at bank | 119,626 | 8,546 | 128,172 |
10. ULTIMATE CONTROLLING PARTY
The charity is run on a day to day basis by the appointed trustees as shown in the Trustees’ Report.
11. RELATED PARTIES
There are no related party transactions to disclose.
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