SOMERSHAM Wlhl SOMERSHAM BAPTIST CHURCH Report and Financial Statements For the Year Ended 31st December 2021 Charity No: 1173623
SOMERSHAM BAPTIST CHURCH For the Year Ending 31st December 2021 Annual Report for 2021 The trustees present their Annual Report and financial statements for the year ending 31 December 2021. Charitvs principal address Somersham Baptist Church, High Street. Somersham. Huntingdon. Cambridgeshire, PE28 3JB Trustees The Trustees who served during the year and up to the date of the signing of this report were.. Name Mr. R Blackhurst Mrs. M Davies Mr. A Ralph Mr. S Anker Mrs. K Downes Office (if any) Chair Treasurer Dats of appointment Date of resignation 4 January 2022 12 July 2021 Church Secretary Trustees are appointed for a 3-year temi by the members of the Church. Property Trustees The Baptist Union Corporation LimFted. Baptist House. 129 Broadway, Didcot. Oxfordshire, OXII 8RT. Independent Examlner Vincent Lynch Structure. Governance and Management The Charity was constituted as a Charitable Incorporated Organisation ICIOI on 29 June 2017. The Charity is governed by an Approved Goveming Document {Baptist Union Model Constitution adopted on 26 March 20171. Membership of the Church is open to those who have professed faith in Jesus Christ and wish to become members, and who. by applying for membership have indicated acceptance of the Beliefs, a willingness to participate in the activtties. have indicated their agreement to become a member and acceptance of the duty of members set out in the Constitution. Persons seeking membership who have not been baptised in the manner described in the Baptist Union's Declaration of Principle may at the dIsCtion of the Church Members, Meeting be accepted for full membership based on their own public profession of faith. The Ordinary Church Members, meetings shall be held at regular intervals on not less than three occasions in a calendar year. One ordinary Church Members meeting shall include the AGM {Annual General Meeting). In accordance wrth the constitution. the Church Members. Meeting shall appoint Charity Trustees, including a Church Secretary lor equivalentl and a Church Treasurer {or equivalentl. who are responsible for the day to day running of the church's work and witness. and the financial and legal aspects of the charity. All members are encouraged to take an appropriate part in the spiritual and practical tasks involved in the furtherance of the charitable objective. Page l of 10
SOMERSHAM BAPTIST CHURCH For the Year Ending 31 December 2021 Objertives and Activlties The principal purpose of the charity is the advancement of the Christian faith according to the principles of the Baptist denomination to include the advanMentof education. Communityservi and such other general charitable purposes in such parts of the United Kingdom and the world as the Church shall determine. In order to achieve the principal objective which 15 set out ab)ve. the Church provides a variety of activities both to its membership and the communitygenerally- The aim is to show the love of Jesus Christ in both word and deed and to bring people in to a ck)ser relationship with Him as Irving Lord. Central to the work and witness of the Church is the provision of regular public service5 of Christian worship. These services take place each Sunday at 10.30am. There are also occasional services at other times which are advertised on the Church Notice Board and on the webstte at www.somershamba tist.or There is a children's programme during the morning services. The church seeks to be a friendty and welcoming community and anybody is free to attend any of these Servi The Church runs a series of house groups in the homes of some members. open to both members and non- members, for the growth of fatth and discipleship. The church aims to restart various events for Young People - Explorers for receptton age to year 6 and Dynamite for year 7 to 13 in the comin8 year. Occasionally, as needs arise. the Church runs courses for people interested in discoverin8 more about Christianity. The Church also runs the Christians Against Poverty Money course- a course designed to teach skills in building a budget. managing money and preventing debt Prior to Covid-19 the Church was also used by local community groups on a regular basis= The Mothers Union, Somersham Town Band and The Somersham History Society and a local schi)ol who have a summer production and a Christmas Nativwty- The Church is also available to hire on an ad-hoc basis as well as for weddings and funerals The Church operates systems to ensure that all people working wtth children and vulnerable adults are appropriately vetted with regard to the DI10$ure and Barring seN1 and attend required Safeguarding training. Public Benefft Statement The Church has read the Charity Commission guidance on public benefit, and is 5ati5fied that the activities outlined above clearly demonstrate that the charity is providing a benefit to the public. Achievernents and Perfomian The Church does not measure its success purely in numerical term5 i.e.. attendance and financial, but also in less tangible areas like fellowship and encouragement. The Trustees recognise that these are difficult to measure. January 2021 continued wtth a new lockdown for Covid-19,which many people felt it was harder to deal with, emotionally and spiritually, than the first one in 2020. Page 2 of 10
SOMERSHAM BAPTIST CHURCH For the Year Ending 31 December 2021 Achievements and Perfomiance Continued.- Although churches were allowed to main open this time. we decided to close due to a church family becoming ill with Covid-19. one of whom sadly died. The Trustees made the difficult decision to go back to having church closed during this time and returned to Zoom-only worship, broadcast both live and as a recording, until we re-opened for the Easter weekend. Throughout the year our band of guest paCherS have continued to bless us by preaching the word live. We continued to enable congregational participation in prayer and worship. even while on zoom. Church unity has been retained. even those too vulnerable to attend church. by being able to see one arbotherfs faces and communicate during the service for our open praise. prayer and testimony times in each service. However, there is still a proportion of the church family we have been unable to reach, notably older members who do riot use the technology. Which we find deeply sad. Despite the problems of Covid-19 we still averaged 22 adult attendees and 2 children at Sunday worship during the year. Joyfully we welcomed one new member in 2021 but sadly one member went to be with the Lord and 2 moved away during the year meanirE that membership has decreased by 2 in the year to 23 as at 31" December 2021. Two mid-week House Group5 continued during 2021- again using Zoom. A fortnightly prayer meeting also continues on Zoom. Even FM)St Covid-19, it is Possible that this fomi of meeting may continue in order to be better stewards of the planevs reSoUrS and not use the car as much. We continue to 5UPPOrt our Missionary Farni in South East Asia and regular UFMlates via newsletters and video enable u5 to feel close to them The Church is actwefy looking for a full time Minister and a team meet once a month in order to seek God's will in this appointment. The process is not an easy tssk and with a pandemic it is proving challenging. However. the church remains steadfast in the knowledge that God has prepared someone in advance to be the Minister of Somer5ham Baptist Church. Due to Covid-19 all planned evangelical outreach work was ptrt on hold again. However, one to one discussion about the gospel Still took place and we pray that we can art external artivities in the Spring. During another difficijlt year we are pleased w¥th the way that such a small church has continued to worship in every way legally possible Once again. We gwe all the glory to God. We have undoubtedly had an inordinate amount of supematural help in order to continue to worship the triune God. Heavenly Father- Thankyou. Financial Review The Church raises funds which it needs to carry on its activities from within its own membership and congregation. No wider public appeal was made for funds during the year. The Church expressed its part in the life of the wider church by gwing to national and international Christian organisations and societies with Christian aims and objectives compatible with the church's own charitable purpose. The main recipients of this giving during the period of these accounts were.. Baptist Home Mission, Baptist World Mission and UFM (to support Church members who are missionaries in South East Asia). Page 3 of 10
SOMERSHAM BAPTIST CHURCH st For the Year Ending 31 December 2021 Financial Review Continued_ The Church is heavily dependent on its membership working as volunteers in all aspects of the thurch's activities, many of which run with little or no impact on the church's expenditure. but nevertheless contribute Substantially to the achievement of the church's objectives. The financial results for the Year Ending 31 December 2021. together with a summary of the accounting policies adopted are set out in the accompanying financial Statements. The church is a participant within the Defined Benefrt section of the Baptist Pension scheme and has been making ongoing deficit payments to cover the costs of past Servi of tts employees within the scheme under a recovery plan. The church understands that if it had left the scheme at the year*nd. it would have to have made a one-off payment estimated to be £16,5(K)12020 - £24,2) to meet its statutory obligations of the scheme. The church has no plans to leave the scheme and expects to continue to make payments to the scheme in line with the recovery plan. Reserves Policy The Trustees have established a Reserves Policy for its unrestricted funds to enable the church to fijnrtion effectFvely and meet its obligations in the event of a decline in our income or a major cost. Having considered the relevant risks of changes in income and expenditure. the trustees have determined that the appropriate level of reserves is in the range of £20,1)¢XI to £25,xI. As at 310ecember 2021 the church held total reserves of £135.29612020 - £121,127). of which £25.980 {2020 - £25,8C(Jl were Restricted and £84,(K)012020 - £70,CrfXII Designated. The Trustees agreed that £84.CKK] has been designated for future Ministry costs at Somersham Baptist Church. Reserves that were netther restrirted nor designated amounted to £25,31612020- £25,327). (Please see Note 7 on page 91. Approved by the order of the Trustees of Somersham Baptist Church on 3rd March 2022 and signed on their behalf by= Mrs. Klm Downes Church Secretary Page 4 of 10
SOMERSHAM BAwfisT CHURCH For the Year Ending 31 December 2021 Report of the Independent Examiner(s) to the Trustee5 of Somersham Baptist Church On the accounts for the year ended 31 December 2021 Respective responsibilities of Trustees and Exarniner The Church's Trustees are responsible forthe preparation of the accounts. The church's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charitres Artl and that an independent examination is needed. It is my responsibility to.. examine the accounts under section 145 of the Charities Act. to follow the procedures laid down in the general Directions gNen by the Charity Commission lunder section 14515llbl of the Charities Att. and to state whether particular matters have come to my attention. Basis of independent exarninerfs statement My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the church and a comparison of the accounts presented with those records. It a150 includes consideration of any unusual items or disclosures in the account5, and seeking explanations from the trustees conceming 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 fairf view and the report is limited to those matters set out in the statement below. Independent examiner's statement In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect= accounting records were not kept in accordance with section 130 of the Charities Act or the accounts do not accord with the accounting records the accounts do not comply with the applicab requirements concerning the form and content of accounts set out in the Charities (Actounts and Reports) Regulations 2(K)8 other than any requirement that the account5 give a 'true and fair view which is not a matter considered as part of an independent examination. I have come aEnJ55 oiher matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the acc be aChed. Signed by or on behalf of the Examiner Date LL Name Relevant Professional Qualtficationls) or body lif any) Address 4> Page S of 10
SOMERSHAM BAPTIST CHURCH For the Year Ending 31st December 2021 FINANCIAL STATEMENT5 FOR THE YEAR ENDED 31sr DEMBER 2021 RECEIPTS AND PAYMENTS ACCoUPs Total 2021 Total 2020 Unrestrirted Restrirted Designated Receipts Regular and Gift Aid Giving Gift Aid retovered 22,596 22,596 24,620 4,839 4,839 5,328 Donations and other Income 21 21 109 Rent and Contributions for church use 264 Bank Interest Other 310 Total Receipts 27.456 27,636 30,879 Payments Ministry Mission 6.757 6.757 5,281 2,850 2,850 3,254 Upkeep of church premises Administration 2.656 2,656 3,199 1,204 1,204 1,257 Other Payments 310 Total Payments 13,467 13,467 13,301 Nett Receipts1lPayments) for the year 13,989 14,169 17,578 Transfers between funds {14,(MJ)I 14,C Net Movernent in funds {ii} 14,(KKI 14,169 17,578 Cash balance brought fonvard 25,327 70,(KXI 121,127 103,549 Cash balance carried forward 25,316 25,980 84,IKh) 135,296 121,127 Page 6 of 10
SOMERSHAM BAPTIST CHURCH For the Year Ending 31" Dernber 2021 STATEMENT OF ASSEfs AND LIABILrriES AT 31 DECEMBER 2021 Totsl 2021 Total 2020 Unrestricted Restricted Designated Assets: Bank and other cash balances Petty Cash Lloyds Bank Account 14 14 19 25.302 58,339 83,641 89,648 CAF Bank Account 20,341 20,341 340 Shawbrook 60 Day notice Account 25.980 5,320 31,300 31,120 25.316 25,980 84,000 135,296 121,127 Assets Held for the Church's own use 964.465 910,619 Total Assets 1.099.761 1.031.746 Liabilities: Pension Scheme Liability 17,414 20,985 Total Liabilities 17,414 20,985 The accounts were approved by the Trustees of Somersham Baptist Churth on 3rd March 2022 and signed on their behalf by: Mrs Maureen Davtes Treasurer Page 7 of 10
SOMERSHAM BAPTIST CHURCH For the Year Ending 31" December 2021 NOTES TO THE Accoumfs Basis of accounts: These accounts have been prepared on a 'receipts and payments, basis and in accordance with Section 133 Charities Act 2011. 2021 2020 Donations and other income: Donations Little Sparrows Passover Meal tickets 21 57 52 Totsl Donations and other income 21 Ministry: Moderators Salary Pension lincl Defecit Payments) Ministers Travel Pulpit Supplies Discipleship other Ministry- Worship Resources 250 2,784 216 1,635 50 3,815 128 250 346 Total Ministry 6,757 5,281 Mission: Home Mission BMS 915 915 916 i.oii I,oii I,oii UFM Youth Work Little Sparrows Outreach - Easter Weekend 27 59 135 Ourreach - Other 104 Totsl Mission 2,850 3,254 Upkeep of church premise5: Lighting and Heating Water charges Insurances Repairs & Maintenan Furniture & Equipment Telephone & Broadband 14911 274 1,164 339 1,077 1,075 356 365 1,017 231 388 60 Total Upkeep of thurch premises 2,656 3,199 PaEe 8 of 10
SOMERSHAM BAPTIST CHURCH For the Year Ending 31 December 2021 NOTES TO THE ACCOUNTS Continued_. 2021 2020 Administration Subscriptions Photocopying, Printing & Stationery Other Administration 788 29 359 Totsl Administration 1,204 1,257 Funds - Movement in Restricted and Designated Funds l Restricted Funds The restricted Signtficant Building Fund is money raised for major building work on the church premises, particulady n0VatIOn or extension projects. 2021 2020 Receipts Interest Payments Planning Application Architect Fees Other Total Payments Nett ReIPts/{Panents} fof the year Cash Balance brought forward Cash Balance caryied fonmard 25.8 25.980 25,552 25.8(Kl bl Designated Funds 2021 2020 il Future Ministry Costs The Trustees agreed to set aside a fLFther £14,C(Kl to a designated Future Ministry cost5 fund as when a Minister is employed it will produce a signfficant deficit annual budget. Somersham Baptist Church is in the process to fill the P85toral vacancy. Transfer from General Fund 14,IXKI 17,(KJO Cash Balance brought forward Cash Balance carried fonvard 70,( 53.LM)O 70,000 ill Gift to retiring Churth Seuetary Receipt from Donations 310 Payment for Gwft 310 Nett Receipts/lPaymentsl forthe year Page 9 of 10
SOMERSHAM BAPTIST CHURCH For the Year Ending 31 December 2021 NOTES TO THE ACCOUNTS Continued.. 8 Assets Held for the Church's own use The Church is the beneficial ownerlsubjertto the relewant trustsl of the following assets, the legal title to which is held by the church's custodian trustee (the Baptist Union Corporationl.. Church Premises at High Street, Somersham. Huntingdon. Cambridgeshire. PE28 3JB valued in the accounts at £881,27612020- £831,392) based on insured value. The Church a150 owns frrtures. furniture and equipment wtth an insured value of E83,18912020 - £79,227) 9 Pension Scheme Liabilities The Church is a participating employer in the Baptist Pension Scheme {"the Scheme"). which is a separate legal entity administered by the Pension Trustee (Baptist Pension trust Limttedl. The assets of the Scheme are held separately from those of the Employer and the other participating employers. The Scheme, previously known as the Baptist Ministers. Pension Fund. stsrted in 1925, but was closed to future accrual of defined benefits on 31 December 2011. Prtor to this date the main benefit provided through the Defined Benefit IDBI Plan was a pension of one eightieth of final minimum pensionable income for each year of pensionable service together with additional pension in respect of premiums paid on Pensionable Income in excess of Minimum Pensionable Income. Since January 2012, benefits have been provided through a Defined Contribution IDCI Plan. A fornial valuation of the DB Plan was done as at 31 December 2019 by a professionally qualified Actuary using the Projected Unit Method. At the valuation date the market value of the DB Plan assets was £298million. whilst the level of assets needed to pay benefits was £316million, giving a deficit of £18million lequivalent to a past service funding level of 94%). The Church and the other participating employers in the DB Plan are collectively responsible for funding this deficit. The next actuarial valuation of the DB Plan within the Scheme is due to tske pla not later than as at 31 December 2022. Under the Schedule of Contributions. the Church makes a monthly payment in respect of the DB Scheme deficit. currently £322.48. which will increase in line with increases in Minimum Pensionable Income. The Schedule of Contributions foresees these contribution5 coritinuing until June 2026. The pension scheme liability shown in the Statemerrt of Assets and Liabilities is calculated at the current rate per month multiplied by the number of months remaining in the current Schedule of Contributions, which amounted to £17,414 as at 31" December 2021 1£20.985 as at 31st December 20201. The Church has been advised that the estimated cost for the Church to buyout their Pension Scheme liabilities at 31 December 2021 wa5 £16.5(31 December 2020 was E24,2001. Page 10 of io