REGISTERED CHARITY NUMBER 1172790 Frampton Park Baptist Church Dormant Accounts For the Year ended 315t December 2023
Contents of the Dormant Accounts for the Year ended 31st December 2023 Contents Reference and Administrative Details........... Report of the Trustees.................................................................................................. Balance Sheet.......................................... Notes IRea50n for Dormant Accounts}....................................................................
Fram ton Park Ba tist Church Reference and Adm ini5trative Details REGISTERED CHARITY NUMBER 1172790 TRUSTEES R Bowman T Allen (resigned 31 March 20241 K R Williams A M Newby P C Dike (appointed 3rd December 2023) C Bran (appointed 3rd December 2023) P M'carthy {appoinled 3rd December 2023) H Mcwilliams {appoinled 3rd December 2023) L W James (appointed 3rd December 2023} PRINCIPAL ADDRESS Framplon Park Baptist Church Frampton Park Road London E9 7PQ 2 I Pir ge
Fram ton Park Ba tist Church ort of the Trustees for the Year Ended 31sI December 2023 The trLJslees present the dormant accounts report of the Charitable Incorporated Organi5ation ICIOI for the Year ended 31 sl December 2023. The trustees are fLJlfilling the charities requirement for the provisions of Accounting and Reporting by Charities. OBJECTIVES AND ACTIVITIES Objectives and aims Purpose The Church's principal purpose is the advancement of the Christian faith according to the principles of the Baptist denomination. The Church may also advan education and carry out other charitable purposes in the United Kingdom andlor other parts of the World. Objectives The Church is consliluled as Baptist Church. as staled above. Framplon Park Baptist Church seeks to be an active Christian community bringing Christian witness and care lo our parl of Hackney. The Church also acknowledges its Christian responsibilities beyond the local community and seeks to engage in both national and international situations. Public benefit Trustees have taken account of the Chaiity Commission's general guidance on public benefit when reviewing aims and objectives and in planning future activities.
Fram ton Park Ba tist Church Balance Sheet for the Year Ended 31st December 2023 2023 2022 Net assets Reserves
Fram ton Park Ba tist Church Notes Reason for Dormant Accounts Deferred Debt Arrangement On the 24th May 2022 Baptist Pension Trust Limited (the Trustee) and Framplon Park Baptist Church (the deferred employer) entered a 'Deferred Debt Arrangement" The agreemeiil enables Frampton Park Baptist Church to defer the debt of £114,000 incurred by a 'employmenl cessation-event.. The Church continued to pay Deficit Recovery Contributions which was previously £307 per month. That plan was to continue paying this amount until such a lime as it either chooses lo trigger a cessation event and sellle the debt payable based on the scheme funding position al that time, or the Scheme is fully funded. The Recovery Plan was currently in place and working lowards this being the case in 2026., however, this was nol guaranteed and while the Church remained as a participating employer, il retained responsibility for Scheme deficit fundin9. There was an expectation that due to the improved funding position of the scheme since the cessation event, the deficit liability which would be brought fonmard and recalculated based on the current position will have reduced. This pension debt came to our notice just afler registering as a Charitable Incorporated Organisation {CIOI, and we were advised not lo transfer the Church assets and operations to the CIO, hence the reason for the dormant accounts. Therefore, the Leaders concluded lo continue carrying out the Church activities in the original charity structure of Frampton Park Baptist Church, Charity Number.. 1150885 The current good news is that in 2023, the Baptist Union Pension Scheme offered us the option to exit the pension scheme by paying a one-off fee. After careful deliberations and discussions at a Members, meeting, we decided to settle so we have no more liabilities. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial reports comply with the Charities Act 2011, the Charily (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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. Zo, i O. luzl..... Approved by order of the board of trustees on.................. on its behalf by.. and signed R Bowman - Trustee