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2022-12-31-accounts

Charity number: 1174549

BILLERICAY BAPTIST CHURCH

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

BILLERICAY BAPTIST CHURCH

CONTENTS

Page
Reference and Administrative Details of the Charity, its Trustees and Advisers 1
Trustees' Report 2 - 9
Independent Examiner's Report 10 - 11
Statement of Financial Activities 12
Balance Sheet 13
Notes to the Financial Statements 14 - 26

BILLERICAY BAPTIST CHURCH

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2022

Trustees

R Warrington, Treasurer J Powell, Secretary W Dulson, Church Pastor (appointed 17 December 2022) C White D Mayo (appointed 14 May 2022) P Walker (appointed 14 May 2022) A Hough (resigned 14 May 2022)

Charity registered number

1174549

Principal office

140 Perry Street Billericay Essex CM12 0NS

Accountants

Venthams Chartered Accountants Millhouse 32 - 38 East Street Rochford Essex SS4 1DB

Bankers

Lloyds Bank 89 High Street Billericay Essex CM12 9AT

Solicitors

Anthony Collins Solicitors LLP 134 Edmund Street Birmingham Warwickshire B3 2ES

Page 1

BILLERICAY BAPTIST CHURCH

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

We present our Annual Report together with the financial statements of Billericay Baptist Church (“the Charity”; “the Church”) for the period ended 31 December 2022. We confirm that the Annual Report and financial statements of the Charity comply with current statutory requirements, the requirements of the Charity's Governing Document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

Objectives and activities

a. Policies and objectives

The principal purpose of the Church is the advancement of the Christian faith according to the principles of the Baptist denomination. The Church may also advance education, community service and other general charitable purposes including the prevention or relief of poverty in the United Kingdom and other parts of the world as the Church shall determine.

As a Member of the Baptist Union, the Church subscribes to the Union’s Declaration of Principle which is:

  1. That our Lord and Saviour Jesus Christ, God manifest in the flesh, is the sole and absolute authority in all matters pertaining to faith and practice, as revealed in the Holy Scriptures, and that each church has liberty, under the guidance of the Holy Spirit, to interpret and administer His laws.

  2. That Christian Baptism is the immersion in water into the name of the Father, the Son and Holy Spirit, of those who have professed repentance towards God and faith in our Lord Jesus Christ who died for our sins according to the Scriptures; was buried, and rose again on the third day.

  3. That it is the duty of every disciple to bear personal witness to the gospel of Jesus Christ, and to take part in the evangelisation of the world.”

Page 2

BILLERICAY BAPTIST CHURCH

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Objectives and activities (continued)

b. Activities for achieving objectives

Church Activities

In planning our activities, we have paid regard to the Charity Commission’s guidance on public benefit. The Church seeks to be a friendly and welcoming community and anybody is welcome to attend our varied programme of activities provided for different age and interest groups. Our programme of activities is intended to show the love of Jesus Christ in action and is designed to introduce people to Him or to help people deepen their relationship with Him.

The activities of the Church often provide the first point of contact between the Church and the local community, forming a basis of ongoing friendship and trust. Full details of our activities can be found at our website (www.billericaybaptist.org.uk) and a review of activities follows later in this report.

Grant Making

The Church financially supports other Christian organisations in Billericay, across the UK and worldwide, where they pursue similar and complementary objectives to us. A list of organisations for which financial support is provided can be found in Note 5 to the Accounts.

The Church has a Mission Team responsible for recommending the allocation of grants to outside organisations in accordance with the Church’s grant making policy. Recommendations are reviewed and endorsed by the Church Leadership and Trustees and are agreed by the Church Membership as part of the annual operating budget.

Where the Church provides financial support by way of grants, we are confident that appropriate controls, including those pertinent to money laundering, are in place to ensure that those grants are properly managed and are used in accordance with the charitable purposes of the Church. We see this financial support as an important way in which the Church can meet its objectives in communities and jurisdictions beyond its own immediate reach.

We are working with each of our mission partners to ensure that appropriate safeguarding measures are in place, especially for those partners working with children or vulnerable adults.

Achievements and performance

a. Going concern

We believe that the church has sufficient resources to continue in operational existence for the foreseeable future and so we continue to adopt the going-concern basis in preparing the financial statements.

Page 3

BILLERICAY BAPTIST CHURCH

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Achievements and performance (continued)

b. Key financial performance indicators

The Church is grateful to its members for donating generously to allow the Church to fulfil its programme of activities and to support its mission partners.

Page 4

BILLERICAY BAPTIST CHURCH

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Achievements and performance (continued)

c. Review of activities

Following the resignations in late 2021 of the Church’s Senior Minister, Associate Minister and Children’s Worker, the Church started the year with a smaller ministry team. Finding ourselves unexpectedly in this place led to a time of prayer, reflection and review, as we asked the Lord what this meant for the future resourcing and direction of the Church, and as a result we foresee an exciting time of development for the Church with an increasing impact into our town.

We have identified three distinct and intertwined ministries which we believe will equip the Church to advance its major objectives. Each ministry will be headed by employed ministry leaders, either on a full time or part time basis.

The first ministry is primarily directed towards the current church congregations helping us to grow as a Church family and to better care for each other. The second ministry’s main focus will be directed outside of the Church buildings towards the town and community in which we live. It is likely to see us working more closely with existing initiatives in the town and exploring new areas for the Church to engage with the town’s various communities. The third ministry will be primarily directed towards children and young people, both inside and outside of the existing church communities. This role may extend to supporting family groups.

This method of working represents a significant departure from the way the Church has operated in the past which is both exciting and challenging. The Elders and the Trustees will continue to work closely together as they, in conjunction with the new to be appointed ministry leads, shape the future direction and activities of the church.

We are pleased to announce that the Rev. Wayne Dulson and the Rev. Gary Bott have been appointed to take on the roles of Church Pastor and Community Pastor respectively. The children’s, youth and family ministry continues to be shaped and developed in the expectation that ministry lead(s) will be appointed during 2023.

2022 has seen the Church fully ‘re-open’ following the removal of the restrictions and measures designed to slow the spread of COVID-19. Operating with a smaller ministerial team, the Church has been able to operate effectively with most ministries flourishing. We thank the many volunteers that have enabled this to happen.

2022 saw our Youth Work Director (Gary Bott) complete his studies at Spurgeon’s college. The now Rev. Gary Bott has accepted the Church’s invitation to take on the newly created role of Community Pastor. Gary has served the Church faithfully for many years and we are thankful for his service and the support that his family has provided.

The Church has continued to make use of the on-line communication tools developed during the COVID-19 pandemic. Recognising the benefits that this brings, the Church intends to continue on this path exploring how on-line communication tools can be used alongside face-to-face gatherings to enable the Church to better achieve its objectives.

Given that backdrop, the main activity highlights for 2022 included:

Page 5

BILLERICAY BAPTIST CHURCH

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Achievements and performance (continued)

Ministry Billericay, and Billericay Street Pastors. Many from the Church have also played an active role in the Billericay Foodbank supporting a growing number of families in the town.

Financial review

a. Annual Review

Remuneration of employed staff is determined by the Trustees, and is subject to Church Members’ approval as part of the operating budget. The Church is heavily reliant on its membership and congregational attendees serving as volunteers in all aspects of the Church activities, many of which run with little or no impact on the Church’s finances, but nevertheless contribute substantially to the achievement of the Church’s objectives. The Trustees express their thanks to every volunteer.

Income for 2022, was £340,505 (2021 £374,633*) and with expenditure of £269,934 (2021 £361,453), resulted in a net surplus for the year of £70,571 (2021 surplus £13,180). Details of income and expenditure can be found in the Statement of Financial Activities and the associated notes.

Total reserves at the end of the year are £1,581,905 (2021 £1,511,334), of which £464,368 (2021 £455,123) are restricted and £1,035,366 (2021 £1,038,488) are designated. Full details of the Church’s assets, liabilities and reserves can be found in the Balance Sheet and the associated notes.

Towards the end of 2022, the Church appointed a Church Pastor and a Community Pastor and currently has provision for one additional full-time head to work with youth, children and families. Whilst the timing of this final appointment is uncertain, the Trustees and Church Members have approved a deficit operational budget for 2023, in the knowledge that should the appointment takes place later in the year, the Church is likely to run a surplus; and should the appointment take place earlier in the year, the church has sufficient designated funds from the 2021 gift day to cover the projected deficit.

There is no current pressure on the Church’s reserves.

*2021 included a special gift day raising £61,208

b. Reserves policy

We have agreed a Reserves Policy which is broadly equivalent to three month's full staffing and missionary support costs and one month's other expenditure. For the current year, this figure is £65,000 and is covered by unrestricted cash reserves.

The Trustees review the Reserves Policy annually as part of the budget setting process.

c. Principal funding

Financial responsibility for the work of the Church rests primarily with its members and regular congregation through free-will offerings. The Church does not pursue operational fund raising from external sources.

Page 6

BILLERICAY BAPTIST CHURCH

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Structure, governance and management

a. Constitution

Governing Document

Since 1 January 2018, the Church operates under its CIO constitution (registered with the Charity Commission on 7 September 2017) as its Governing Document.

Structure

The Church has a Leadership Team (Minsters and Elders) responsible for spiritual direction and oversight, and a Trustee body responsible for governance. The working relationship between the Leadership Team and the Trustee body is regularly considered to ensure that all Church matters are handled efficiently and effectively.

Consistent with other Baptist churches, all significant aspects of the work of the Church are subject to the approval of the Church Members. Members of the Church are accepted into membership in accordance with the Constitution, which requires them to profess their faith in Jesus Christ.

Governance

Trustees and Elders both meet regularly and separately. In order for the Church’s structure to work effectively, the Leadership Team and the Trustee Body also meet together to discuss the future plans and current activities of the Church, thereby ensuring that both spiritual and governance aspects of Church life are fully considered. Within the Trustee Body each Trustee has responsibility for a specific aspect of governance covering, employment, risk, policies, and finance. Sub groups working in these areas meet under the direction of the responsible Trustee.

Significant decisions are required to be taken at the Church Members’ Meeting following agreement by the Leadership team and the Trustee Body. Except for a few key issues, such as the appointment of staff, Elders and Secretary and Treasurer, where a secret ballot is held, decisions are usually taken by consensus with voting, when required, by “show of hands”.

b. Methods of appointment or election of Trustees

All appointments are made by the Church Meeting in accordance with the voting requirements laid down in the Constitution. The Church Secretary and Church Treasurer, who must be serving members of the Church, are appointed annually at the Church Members’ Meeting.

During the year, three new Trustees have been appointed: Daniel Mayo, Philip Walker and Wayne Dulson. Alan Hough stood down as a Trustee and Church Treasurer.

Page 7

BILLERICAY BAPTIST CHURCH

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Structure, governance and management (continued)

c. Principal risks and operating policies

Operating policies are maintained by the Church to:

A Risks Register is maintained and reviewed regularly. No ‘high-risk’ situations requiring urgent action were identified during 2022, and we are satisfied that suitable operating policies are in place to manage risk.

The Church has safeguarding procedures and systems in place to ensure that all people working with children, young people and adults at risk are appropriately vetted through the Disclosure and Barring Service.

Relationships with Connected Charities

The Church continues to be in membership with the Baptist Union of Great Britain, Eastern Baptist Association and the Evangelical Alliance. There are also ongoing relationships with the Boys’ Brigade, Girls’ Brigade, Churches Together in Billericay and various national and international Christian organisations.

d. Post balance sheet events

There have been no significant post-balance-sheet events requiring comment in this report.

Page 8

BILLERICAY BAPTIST CHURCH

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Statement of Trustees' responsibilities

The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and 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 Charity (Accounts and Reports) Regulations 2008 and the provisions of the CIO Association. 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 members of the board of Trustees and signed on their behalf by:

R Warrington Church Treasurer Date: 16 May 2023

J Powell Church Secretary

Page 9

BILLERICAY BAPTIST CHURCH

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

Independent Examiner's Report to the Trustees of Billericay Baptist Church ('the charity')

I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 December 2022.

Responsibilities and Basis of Report

As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Page 10

BILLERICAY BAPTIST CHURCH

INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Independent Examiner's Statement

Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.

Your attention is drawn to the fact that the charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do 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.

This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report.

Signed: Dated: 16 May 2023 Stuart Harrison FCA

Venthams

Chartered Accountants Millhouse 32 - 38 East Street Rochford Essex SS4 1DB

Page 11

BILLERICAY BAPTIST CHURCH

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022

Note
Income from:
Donations and legacies
3
Investments
4
Total income
Expenditure on:
Charitable activities
6
Total expenditure
Net income/(expenditure)
Transfers between funds
14
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2022
£
277,195
28,938
306,133
171,730
171,730
134,403
(73,077)
61,326
1,056,211
61,326
1,117,537		 Restricted
funds
2022
£
34,372
-
34,372
98,204
98,204
(63,832)
73,077
9,245
455,123
9,245
464,368		 Total
funds
2022
£
311,567
28,938
340,505
269,934
269,934
70,571
-
70,571
1,511,334
70,571
1,581,905		 Total
funds
2021
£
364,820
9,813
374,633
361,453
361,453
13,180
-
13,180
1,498,154
13,180
1,511,334

Page 12

BILLERICAY BAPTIST CHURCH

BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2022

Note
Fixed assets
Tangible assets
11
Current assets
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within one
year
13
Net current assets
Total net assets
Charity funds
Restricted funds
14
Unrestricted funds
14
Total funds		 39,961
174,888
214,849
(10,879)		 2022
£
1,377,935
1,377,935
203,970
1,581,905
464,368
1,117,537
1,581,905		 18,343
125,635
143,978
(10,963)		 2021
£
1,378,319
1,378,319
133,015
1,511,334
455,123
1,056,211
1,511,334

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

R Warrington Church Treasurer Date: 16 May 2023

J Powell Church Secretary

Page 13

BILLERICAY BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1. General information

Billericay Baptist Church is a Charitable Incorporated Organisation registered with the Charity Commission in England and Wales. Its principal office address is 140 Perry Street, Billericay, Essex, CM12 0NS.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Billericay Baptist Church meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

2.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

All expenditure is inclusive of irrecoverable VAT.

Page 14

BILLERICAY BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

2. Accounting policies (continued)

2.4 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.5 Tangible fixed assets and depreciation

Tangible fixed assets costing £2,500 or more and assets that form part of distinct projects whose total exceeds £2,500 are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following bases:

Freehold property - No depreciation
Motor vehicles - 25% straight line
Computer equipment - 33% straight line

2.6 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.7 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of twelve months or less from the date of acquisition or opening of the deposit or similar account.

2.8 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.

Page 15

BILLERICAY BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

2. Accounting policies (continued)

2.9 Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.10 Pensions

The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year.

2.11 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

Page 16

BILLERICAY BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

3. Income from donations and legacies

Unrestricted
funds
2022
£
Donations
277,195
Total 2021
338,784		 Restricted
funds
2022
£
34,372
26,036		 Total
funds
2022
£
311,567
364,820		 Total
funds
2021
£
364,820

4. Investment income

Unrestricted
funds
2022
£
Investment income - local investment properties
27,690
Investment income - bank interest
1,248
Total 2022
28,938
Total 2021
9,813		 Total
funds
2022
£
27,690
1,248
28,938
9,813		 Total
funds
2021
£
9,635
178
9,813

5. Analysis of grants

Grants, Ministry
Total 2021		 Grants to
Institutions
2022
£
95,789
92,637		 Total
funds
2022
£
95,789
92,637		 Total
funds
2021
£
92,637

The charity has made the following material grants to institutions during the year:

Page 17

BILLERICAY BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

5. Analysis of grants (continued)

Name of institution
Accomplish Trust
BMS Home Mission
BMS World Mission
BUGB Home Mission
DEC (Pakistan flood)
Central African Mission
Christian Vision for Men
London City Mission
Churches Together in Billericay
Echoes of Service
Interserve
Rooftop Ministries
Project Possible (ROPE)
RSVP
Vision to Serve
Youth for Christ
Sundry Donations		 2022
£
3,173
644
2,056
10,748
1,000
2,592
-
2,400
8,562
10,623
25,878
6,954
3,250
2,160
6,941
2,358
6,450
95,789		 2021
£
5,365
503
1,056
10,248
-
2,592
2,535
3,000
9,122
2,298
25,962
6,954
3,750
2,160
12,052
2,358
2,682
92,637

6. Analysis of expenditure on charitable activities Summary by fund type

Unrestricted
funds
2022
£
Ministry
171,730
Total 2021
266,277		 Restricted
funds
2022
£
98,204
95,176		 Total
2022
£
269,934
361,453		 Total
2021
£
361,453

Page 18

BILLERICAY BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

7. Analysis of expenditure by activities

Ministry
Total 2021
Analysis of direct costs
Staff costs
Depreciation
Training
Speakers
Premises expenses
Cleaning
Maintenance
Heat, Light & Water
Insurance
Hiring of premises
Subscriptions
Stationery & Printing
Communication
Telephone
Minibus
Other expenditure
General fund expenditure
Total 2022
Total 2021		 Activities
undertaken
directly
2022
£
169,884
264,978		 Grant
funding of
activities
2022
£
95,789
92,637		 Support
costs
2022
£
4,261
3,838
Ministry
2022
£
61,995
5,472
5,284
2,624
8,067
8,869
19,845
9,838
3,044
-
1,799
2,560
4,249
1,999
2,000
3,458
28,781
169,884
264,978		 Total
funds
2022
£
269,934
361,453
Total
funds
2022
£
61,995
5,472
5,284
2,624
8,067
8,869
19,845
9,838
3,044
-
1,799
2,560
4,249
1,999
2,000
3,458
28,781
169,884
264,978		 Total
funds
2021
£
361,453
Total
funds
2021
£
157,040
9,170
34
75
8,000
4,460
44,547
8,060
3,072
150
1,602
1,972
7,779
2,421
1,607
1,260
13,729
264,978

Page 19

BILLERICAY BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

8. Independent examiner's remuneration

The independent examiner's remuneration amounts to an independent examiner fee of £1,998 ( 2021 - £1,903 ).

9. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2022
£
54,991
943
6,061
61,995		 2021
£
135,607
7,575
13,858
157,040

The average number of persons employed by the charity during the year was as follows:

2022 2021
No. No.
Employees 3 6

No employee received remuneration amounting to more than £60,000 in either year.

10. Trustees' remuneration and expenses

During the year, one or more Trustees has been paid remuneration or has received other benefits from an employment with the charity. The value of Trustees' remuneration and other benefits was as follows:

2022 2021
£ £
Rev. I Smith Remuneration - 30,292
Pension contributions paid - 3,021
T Madders Remuneration - 6,962
Pension contributions paid - 678
W Dulson Remuneration 1,411 -
Pension contributions paid 171 -

During the year ended 31 December 2022, no Trustee expenses have been incurred (2021 - £NIL) .

Page 20

BILLERICAY BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

11. Tangible fixed assets

Cost or valuation
At 1 January 2022
Additions
At 31 December 2022
Depreciation
At 1 January 2022
Charge for the year
At 31 December 2022
Net book value
At 31 December 2022
At 31 December 2021		 Freehold
property
£
1,372,324
-
1,372,324
-
-
-
1,372,324
1,372,324		 Motor
vehicles
£
26,479
-
26,479
24,824
1,655
26,479
-
1,655		 Computer
equipment
£
8,042
5,088
13,130
3,702
3,817
7,519
5,611
4,340		 Total
£
1,406,845
5,088
1,411,933
28,526
5,472
33,998
1,377,935
1,378,319

The church premises, freehold manses and all other assets are stated at cost less accumulated depreciation.

12. Debtors

Due within one year
Prepayments and accrued income
Tax recoverable		 2022
£
4,203
35,758
39,961		 2021
£
2,687
15,656
18,343

Page 21

BILLERICAY BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

13. Creditors: Amounts falling due within one year

2022 2021
£ £
Accruals and deferred income 10,879 10,963

Page 22

BILLERICAY BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

14. Statement of funds

Statement of funds - current year

Unrestricted funds
Designated funds
Manses
Reserve
Covid-19
Gift day
2022 surplus
Gift day
General funds
General Fund
Other Organisation Fund
Total Unrestricted funds
Restricted funds
Church premises
Mission Fund
Life expo
Boys Brigade
Girls Brigade
Total of funds		 Balance at 1
January
2022
£
927,500
65,000
-
-
-
45,988
1,038,488
15,527
2,196
17,723
1,056,211
444,823
2,428
1,000
3,247
3,625
455,123
1,511,334		 Income
£
-
-
-
-
-
-
-
306,133
-
306,133
306,133
-
25,498
-
3,570
5,304
34,372
340,505		 Expenditure
£
-
-
-
-
(7,000)
-
(7,000)
(164,330)
(400)
(164,730)
(171,730)
-
(88,464)
-
(4,783)
(4,957)
(98,204)
(269,934)		 Transfers
in/out
£
-
-
-
-
7,000
(3,122)
3,878
(79,455)
2,500
(76,955)
(73,077)
-
73,077
-
-
-
73,077
-		 Balance at
31
December
2022
£
927,500
65,000
-
-
-
42,866
1,035,366
77,875
4,296
82,171
1,117,537
444,823
12,539
1,000
2,034
3,972
464,368
1,581,905

Page 23

BILLERICAY BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

14. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
Designated funds
Manses
Reserve
Covid-19
Gift day
2022 surplus
Gift day
General funds
General Fund
Other Organisation Fund
Total Unrestricted funds
Restricted funds
Church premises
Mission Fund
Life expo
Boys Brigade
Girls Brigade
Total of funds		 Balance at
1 January
2021
£
927,500
65,000
4,700
-
-
-
997,200
48,834
7,612
56,446
1,053,646
437,562
5,946
1,000
-
-
444,508
1,498,154		 Income
£
-
-
-
61,208
-
-
61,208
287,389
-
287,389
348,597
-
21,737
-
2,550
1,749
26,036
374,633		 Expenditure
£
-
-
-
-
-
-
-
(266,277)
-
(266,277)
(266,277)
-
(92,333)
-
(939)
(1,904)
(95,176)
(361,453)		 Transfers
in/out
£
-
-
(4,700)
(15,220)
-
-
(19,920)
(54,419)
(5,416)
(59,835)
(79,755)
7,262
67,077
-
1,636
3,780
79,755
-		 Balance at
31
December
2021
£
927,500
65,000
-
45,988
-
-
1,038,488
15,527
2,196
17,723
1,056,211
444,824
2,427
1,000
3,247
3,625
455,123
1,511,334

Page 24

BILLERICAY BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

15. Summary of funds

Summary of funds - current year

Designated funds
General funds
Restricted funds		 Balance at 1
January
2022
£
1,038,488
17,723
455,123
1,511,334
Balance at
1 January
2021
£
997,200
56,446
444,508
1,498,154		 Income
£
-
306,133
34,372
340,505
Income
£
61,208
287,389
26,036
374,633		 Expenditure
£
(7,000)
(164,730)
(98,204)
(269,934)
Expenditure
£
-
(266,277)
(95,176)
(361,453)		 Transfers
in/out
£
3,878
(76,955)
73,077
-
Transfers
in/out
£
(19,920)
(59,835)
79,755
-		 Balance at
31
December
2022
£
1,035,366
82,171
464,368
1,581,905
Balance at
31
December
2021
£
1,038,488
17,723
455,123
1,511,334
Summary of funds - prior year
Designated funds
General funds
Restricted funds

16. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2022
£
Tangible fixed assets
933,111
Current assets
195,305
Creditors due within one year
(10,879)
Total
1,117,537		 Restricted
funds
2022
£
444,824
19,544
-
464,368		 Total
funds
2022
£
1,377,935
214,849
(10,879)
1,581,905

Page 25

BILLERICAY BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

16. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2021
£
933,495
133,679
(10,963)
1,056,211		 Restricted
funds
2021
£
444,824
10,299
-
455,123		 Total
funds
2021
£
1,378,319
143,978
(10,963)
1,511,334

17. Pension commitments

The charity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £6,061 (2021: £13,858). Contributions totalling £2,515 (2021: £1,133) were payable to the fund at the balance sheet date and are included in creditors.

18. Related party transactions

Aggregate donations, excluding Gift Aid tax refund, of £10,760 (2021: £25,115) were received by the charity from Trustees and their spouses. There have been no other related party transactions that require disclosure.

Page 26