RICKMANSWORTH BAPTIST CHURCH Deacons. Re rt and Financial Statements for r ended 31 March 2021 coTrItENTS Page 24 Deacons, Report Page 5 Table 1: Outline Summary of Fund Movements Table 2: Statement of Financial Activities Page 6 Table 3: Ststement of Assets and Liabilities Page 7-9 Notes to the Financial gtstsments Page 10 Independent Examinerfs Report Page11 Supplementary statement: Payments to Charity
RICKMANSWORTh BAPTISTCHURCH Dea(£s. r end&J 31 MarL 2021 The trustees present their Annual Report a$ Financial Ststements for the year ended 31 March 2021. Referen & Administrative details Registered Address: High Street, RicknWnsvth. Herts. WD3 1 EH. Charlty Registration Number. 1175867 The Revd G N Garfand (Minister) Mr D C Langley. Secretary Mr K A Wall, Treasurer Mr D C Bass, Deacon Mr C A Jacques, Deac (resigned 21 July 2021) Prowty Truste88: The Baptist Union Corporation Limited Baptist House. 129 Broadway, Didcot, Oxfordshire OX118RT. Bankers: CAF Bank Ltd, 25 Kings Hill Avenue, Kings Hill. West Malling. Kent, ME19 4JQ. National Westminer Bank Plc. 159 High Str. Rickmansworth. Herts, WD3 1 RN. Independent Examiner. Mrs P Kavanagh Brown FCA. WrK)Ibeding. SheThV0 Road. fideswell. Derbyshire, SK17 8HJ. Structure Govemanc£ and Man The Charity is governed by an Approved Goveming Dwjment. Members of the Church are acpted in accordan with the Constitution which requires them to be or to have been publicly baptised on the profession of far(h in Jesus Christ. or following other mcrtles of baptlsm to renew their public profession of frdith in Jesus Chri. The members, meeting takes pla three to four times per year and has responsibility for the overall policy of the Church. In accordan viith the Constitution. the members appoint Deacons, who together with the Minier, Church Secretary and Treasurer (who a also appointed by the Members). are responsible for the day to day running of the Church's work and witness. and the financial and legal aspects of the charity. AJI members are encouraged to tske an appropriate part in the spiritual and pradi(al tssks involved in the furtherance of the charitable objective. Relevant matters may be submitted to the Churth mting by Ihe Deacons for guidance. or may be raised by members in Church meeting for further consideration by the Deacons. Though the Constrtution permits deci&ons to be made at Church meetings by appropriate majorities. the Church seeks io work by consensus wherever tK)ssible. The principal purpose of the charity is the a(fvanrnent of the Christian faith according io the prinaples of the Baptist denomination to indude the advanment of edu(3tion. community Servi and such other general charitable purposes in such parts of the Uniie(l Kingdotn and the world as the Church shall detemiine. In order lo athieve the principal obiective. which is set out above. the Churth provides a vatiety of activities tK)th to ts membership and to the community genally. Its premises are
RICKMANSWORTh BAPTIST CHURCH for end&J 31 March 2021 (xxrtinued also extensivety used by community groups. The aim is to show the love of Jesus Christ in both word and Lleed and to bring rwle into a closer relationship with Him as living Lord. Central to the work and wtness of the Church is the provision of regular public Servi of Christian worship. These services take pla eath Sunday 10.30 am and the sanctuary is open for prayer on Wednesday momings. There is a Sunday school for children during the morning Se1. The Church seeks to be a friendly and welcoming community and anybody is free to attend its servi. Several new members joined the Church during the year. The Church njns a prayer and discussion group on Saturday moming to promote the growth of faith and 10 SUPPOrt the members of the Church. vtho are unable to atten¢J. In addition, there is an opportunty for private prayer on Wednesday momings and there have been Bible studies and le(#ures at other times. The Church is responsible for a Tcxjdler Group whith meets in the hall and lourrfJe on Tuesday mornings. V•ith the purpose of assistiro ttle communty and demonstrating the love of Jesus Christ. It holds a morthly charity ooffee moming and supports a local food bank. The Church operales systems to ensure that all people v4orking with children and vulnerable adults are approprialely vetted with regard to the Disclosure and Barring Servi. The Church has r8ad the Charity Commission guidance on public benefit, and is satisfied that the activities outlined above clearly demonstrate that Ihe charity is providing a benefit to the public. The Church does not only measure the surxess of its prcMJrammes in numbets, induding financial numbers, but also in less tangible areas like fellowship and encouragement. The Deacons recognise that these are dtfficult to measure. but believe that 2022021 was a positive year in the lrfe of the Churth. Although the Church's charitable InMe was seriously reduced during the period of govemment restrictions berxuse of the Covid-19 pandemio it is expected to recover steadily in 2021-22. There is still UnrtaInty over the progress of the virus, but the Trustees consider the Church's reserves to be sufficient to cary it through further dIsru10n. -Financi.o.l R Rickmansworth Baptist Church is a registered charity and meets the definition of a publlc benefit entity under FRS102. and liabiliti&s are initially recognised at historical cost or transaction value unless otherwise ststed in the rderdnt accounting policy notes. The Church continues to raise the funds whith it rEeds to (zrry on its activities from within its own tnembership and congregation. No v4tder public appeal Wds made for funds during the year, but the Church receives substrdnlial support through rental income from an office building. Gable House. and a maisonette, vthich it owns in Rickmansworth. Rickmansworth Baptist Churth express Èts part in the life of the wider Church by making grants to national and intemational Chri*ian organisations and SIetieS with Christian aims or wtth objectives ujmpatible with the Church's own charttsble purkx)se. The Church is heavily detendent on its membetship working as volunteers in all aspects of the Church's activities, many of which run with little or no impact on the Church's expenditure. but nevertheless )ntrilmrte substantially to the athievement of the Church's objectives.
RICKMANSWORTH BAPTIST CHURCH fortt er113] Marth 2tr21 Financial Review The Church is a parti(ipating employer within the Defin&J Benefft serlion of the Baptist Pension Scheme and has been making ongoing deficit payrnents to cover the (nsts of past Servi of its employees wthin the Stheme under a recovery plan. The Church understands that if "ti had left the Scheffle at the yearend. "ti would have to have made a one-off payment estimated to be £38,800 (2020 £52,700) to m*t its statutory obligations to the Scheme. The deficit is much reduced On again. thanks to additional payments by the Church and work by the Baptist Union and the wider Baptist Family to transfer surplus assets to the Scheme. The Church has no plan to leave the Scheme and expects to ¢))ntinue to make payments to the Scheme in line with the re[Very plan. Reserves Poli The Deacons have estsblished a Reserves Policy to enable the"Church to function effectively and meet its obligaiions in the event of a dedine in our income or a major cost. Recent years have seen large fluctuations in trK)th income and expenditure. so the Deacons are unable to detetmine a fixed level of reserves, which may be appropriate. Howaver, it keeps the reserves under review by budgeting to ensure that it can )ver th8 Minister's stipend for at least three years in the fLrture. The financial resuhs for the year, together wilh a summary of the awunting policies adopted are set out in the accompanying financsal statements. A few highlights are set out below. In(x)me: Offertory and enveloFe income is further reduced from last year. Unlike previous years, this reflects not so much a conlinued dedine in membership as a reduction in c£sh collections on account of the Covid-19 crisis. The decline in other income reflects mainly a ra1XIOn in hall lettings on acrnunt of the . Covid-19 crisis. Rental income was more stable. It fell as a result of there being fewer rechargeable expenses. D C Langley, Seugtsry 8 July 2021
RICKMANSWORTH BAPTIST CHURCH Statement of Financial Activitles for the ar ended 31 March 2021 Table 1: Outllne Summary of Fund Movem Fund Fund Gains and balances losses carrled forward brought forwa Expend- Fund name tr Gift & Legacy Outfyach & Ministy Fund 11,721 11.770 15,721 11,770 trlcted Generdl Reserve Gift & Legacy Outrea¢h & Ministry Fund R8novatson Fund G&n8ral Fund 30,941 -1.500 29,441 39.394 17.250 11.000 151.771 248,856 260.626 -20,697 239.929 -12.399 25.086 1,500 71.340 .25,086 10 f44.836 224.671 240,392 .33296 207.096 103.361 107.924 107,973 -83.739 Sub-totsl P8r15ion R•s• Tot81 funds 47.739 12 107.973 -85.638 10,498 Table 2: Statem•Nt Ot Flnan¢l•l A¢tl¥lU Unr•s• Prlor p•rlod total funds A• r••tat•d fun • and •nd Donations and18gac186 Inv88trnenls Other income Toial EXp•nd1T• on,. Charilable aGlivit Other expefiditure Total N•t Incomellexp•ndituYel 18.211 &1,512 6.201 107.924 18.211 ,561 6,201 107.973 19.087 87,4Sg 13,414 119,960 49 70.400 15.238 B5.638 22,335 es.457 17,186 82,643 37,317 37.317 17.339 &3.739 24.185 24,185 4.101 -2.101 2.101 2.101 -3.951 4.951 Other r•cognl8ed galn81(1088esl Actuarial gain{lo$Se$l on defined b8n8f Net M0ment in fvnd¥ Re¢onclllatlon ol lunds: Total funds broughl forward Total funds carried fofvlanl 12 24.185 -3.951 12.599 32.833 37,235 12 224.671 248.856 15,721 11.770 -33296 207,096 -20.697 239.929 169,861 207,096 Page S
RICKMANSWORTH BAPTIST CHURCH Statement of Financial Activitles for the ar ended 31 March 2021 Table 3: Statement of Assets and Llabllltles at 31 March 2021 Prlor year funds Note ref. Total funds reststed Flxed assets: Tangible assets Investments Total fixed assets 11 11 3.054,426 3.312.077 1,578.754 1,563.390 4.633.180 4.875.467 Balancg sh¢gt Current assets: Debtors Investments Cash al bank and in hand Total current assets Llabllllles: Creditors: Amounts fallhg due vAlhin oneyear Net assets 8xcludlng pensvm liabilty Dered benefit pension scheme liabillty Total net assets or Ilabllltles 8.698 14,326 255.099 224.179 14,545 23.048 278.342 261.553 -17.716 -21,161 260.626 240,392 -20.697 -33.296 239,929 207,096 12 The funds of the charl ReStrted income funds Unreslri¢led frjnds Pension reserye Total charlty funds 11,770 15,721 248,856 224.671 -20.697 -33,296 239.929 207,096 10 12 The notes on the attached pages form an integral part of d)ese Financial Statements. which ware approved by the Deacons on 8 Juty 2021 and signed on their bahalf by Lfvf¥ Treasurer KAWall SecreLqry D C Langley Page
RICKMANSWORTH BAPTIST CHURCH Notes to the Accounts for the ar ended 31 March 2021 aration of Accounts The accounts are pPared Sn aCcOrdar %•ilh Ihe Charities Slatem&)t of Rec¥mm8nded Praraice (Charities SORP 2015), FRS102 and tha chareS Ad 2011. Rickmansworth Baptist Church is 8 rnyistered chatity. M. 1175867. and meels the deflnlkn of a publ b111 entity under FRS102. and fiabilities are inallY rwwsed at hkstorlcal ojst or transaction value unless oth8rwise slated relevant acCn11r$ pdiGy te$. 2 Oth•r roc nls The Financial Statwnents bvre amended to npty ith FRS102 wilh effeci from 31sl Marth 2018. This affects disclosure of the pension liability. S89 notè 12. 3 Rental Inetim• Where the Church re(ives nI81 4n(x)me. expendrture Is matched iih If th8r8 is no rx)rr•sponding rfjnlal ncome, then property eypen8es aro treaied as overhead expenses. For the purpos of r8FOrting under FRS102. the trOrnear expenditure show) 8eparatdy. 4 D•btors and Crlt01S which have beon pah1 or rrtolvad in adwdnce iorffijlure wicrfjs or rnlate to th8 year bul have been paJ or recelved after th8 end of peric*J. Investments Thè Church has four dèposlt aeeounts and tries to ensure that tho belarw match the restricted ftJrK15, 10 ensure thal the money is not WTongly 8penl fr)r unauthorwl purposes. Tho balan¢es aro wularfy roviavAd and adjusted 88 necessary, but al the year ond. small transfers inlo and out of the Reslricted Deposits had not yet béèn ma(iè. £14,22812020 £14.2281 relale8 to deposits hehy in rÈsp8ct of rent for Gablè House, Included In Accrued PaYnnts. 6 Glft and Lfr These funds a shovm Separately lo er&8uTe that the fvnds are rot mixed up th olher fvnds. All the reslricied furKls al the Balance Sheet date are by ()yKlttKmS wiuiring them to be spent on propety acquisition or developmenl. Dtjring the year. all èypgndibjrn deducted lated to the thurch's olfth building, Gable House. 2021 11.721 2020 11.594 127 Interest received Carrfed for1 INS 2021 Brought for%rdrd last year Receipls. Other 39,075 Caffied forward this y Paje 7
RICKMANSWORTh BAPTIST CHURCH Notes to the Accounts for the ar ended 31 March 2021 7 Outreach & Mini Fund Brought f¢yYrard last year Transfer from G8n8ral Fund Gift Aid SLwiaJ trznsferfrom General Fund RiPts- Ggnerdl Fund Regular paynients Paent for Christian AJ- Eb(Aa Payment for BMS- CA)w(P19 Salvation Army Lend With Care JentS8lem Prayer Tèam Nalional Emergenciès Fund 2021 2020 4,188 898 4.649 899 4,596 -10.144 -500 -1.000 -250 This fvnd 18 for exceptional donalions for mission wrposes. Tha ¢¥)ening amounl was restricted arKI payments were first allocated agwnsl that bakqnts. Subsequent Panents tskern from £20.1)00 designated by the thurch members in August 2020. 8 G•n•ral R•s•r¥• Brought fofvmrd last year Tr8nsf8rto Rerthatk)n Fund 2020 32,597 30.941 Carried forn¥ard thls year The General ReseThe represents money put asvje for major unforeseen Fwty expense. It w85 eyh8USted In 2009 bul the Deacons approved annu81 a11cttticA of £10,() from 2011 to 2015. £4.500 in 2016. R0vatI Fund Broughl forwA last year arrie(J foThMrd this )tar 11 The Renovatlon Fund is desyn•ted fty 8p¢ofic repairs. In p8rUpJl•r 8 repla¢•m¢nt Pmlor IA G8blo Hcw#e. 10 Oih•r Fund• The other fvjnds arn unTestridad. u88 ofth8s8 funds Trist be approv•J by Mnbo[S. The G8n8ral Fund is fr)r d8y-ttrday incom& and expeThlllure. NonSh assets, vthlch lrtdude bLEildirw and equirn1, are rncogntS8d in thg Fin8ncial Ststèmènts because, in thè opinion ofthe TruSts. th8 coBt of 8rtaining cost or value of these itoms is onerous compar wth the bonefft to be derived by users ol Ihe FMarKAal Statemonts. Hov+Ever, in Order lo give tompl8t• Wure to users. thq Deats)ns have de¢wJed lo showthe rebuildr costs of w)p8ty for Insurance purposes. The most recent figures, are below. a reduced foll1n9 a ValUall0n by inSurs. They rnay not reprn1 market value: iy Church Manse PIFe oryjan and contents 2.270.(MXI 461.652 2,563.874 423,208 Inve Gable House Maisonette Building total 1.355,382 1.340,018 1578 754 Grand total
RICKMANSWORTH BAPTIST CHURCH Notes to the Accounts for the ar ended 31 March 2021 12Ba "st Pènsion Seh•mè The Church contiibutes to the Baptist Pensh)n SCkn on behallof ts mirti¥ters. This is in parts. a definad benefit scheme and a defir ctribUll0n scherfft. In crxnmon 7Mth many oth&r funds of this naturo. tha defined benefft scheme has fallen into $ubg18ntial defiol in re(t yèars because of falling relums on investhients and the in¢yeased longemty of membots in 1]rtmenL * 31 March 21Y21. the defiut was £37 millK)n12020 £53ml, of which the ChurchS share VAS £38,8(KI (2020 £52,71. in respect of the ministers employed betsyeen 1985 and 21N)9. The Dèarxrt)s have disdose¢l Ihis amount on the fa of the Finanoal Statements as a Pension Rèserw. The amounl d¢sdosed has ten discxjunted in acwrd8nce th FRS102 guidan and a formula aged with the Baptist Union. As a resuli of adding the liability to the balanee sheet. there was a OnmOv8M8nt In 2017. whleh Is $hovm in the Staternenl of FinanrAal ActMi]es in the figure of total fvThJs bffxjght forward at the beginning of the prior prevlously staled 31 Marth 2016 Pension scheme liabilty adjusled Adjusle(J total fvrbJs iMNJght forward 1 April 2016 186.615 Subsequènt adjustm8nts arÈ splil ithe8n payn1# to int8r8st and acauarial or r8valualton 8dju5tments. The church did not suff•r a s¢rious shortfall In in(yTh durry ended 31 March 2020 t>ecau8e govemmenl restricttons re not witroduced Ltnlll Ihe end of the per. Ho¥Ever, during the followng financial year, freeth11 and charity income received at Sunday stimces. letting irwme for Ihe premi8es zero for several months. Although mu¢h of the fr811 IrMe wa$ madè up by members, charity and letting incoffle have only partially re(%)ve 81 the date of soning this rgt*x1 and fvrther reslrbctions have been imposed. Neverlheless. the thjrch has suffinI reseThes to ca¥ il tlvouAh tho currgnt txi¥¥.
RICKMANSWORTH BAPTIST CHURCH Independent Examinerfs Report to the Deacons and Members On Financial Statements for the ar ended 31 March 2021 l port on the Firwnc4al Statements ofts Church fcf ts Ye el 31 IAarch 2021. wtNch are set out on the attached p&JÈs. Resp•cti rnsponsibilities of trustw and ex•Di The charitys trustees are responwble for th8 preparatn of the Fift? Statnts. The chariV$ trustees consthr that an audlt ts nol thts Jear under sed•)n 144121 of Ihe Charitw Act 2011 (the 2011 Act} that an indeFerrfent examinat%Jn is rded. 11 18 my responslbdty to: (al examine the Financial Statements secthin 145 of the 2011 ACL Ibl to fdlow the tywedures Labj in the gerral DIreCtrn veTh by the Charty Commis5iDn undèr sactK)n 1451SXbl of 2011 ACL. aTrJ' (c) to stale mattu3 have c4>me to my attenllon. 8aslg of Indep•nd•nt •x•mlnerfs •xamlnatlon was carr Lmrt In 8cwdanee Genetsl gfven bythe Charlty CommtS8ioners. An examination indLtdes a review of ¥(xtsJnUng TlS kept by Ihe Church and a comparison of Ihe Flnanck91 Slatements presentsd tl¥)se records.1181so Irude8 conslderabon of any unusual Items or disdosures in the Fina Slatements. aTrJ seekiNd exrAanatKS from the tDJslees concEming any such matters. The procedure$ undertaken do )t Je au ts evKlence Ih8t V•vJld be required in an audit, and cJnsequently no On)n gtven as to Vthelher ihe FinarKial Statsrnerts present a'true and lair vieyl arKI tl report Is Ilrnited to those mallers sel out slalement bel. Independent •xamin•rfs stat•m•nt In connocllon vAth my •x8min¥bon. no matter has Come to my stten (11 which gwes me reasonable cause to belleve thai In any materw rw ts requlremenls lal to keep ac£ounling reciwds rn acCtse sectlon 130 of Ihe 2011 Act: arKI Ibl to prepare Financial Statem)ts &ccd with the a¢counUng recryds and v)mY¥th the accountiry requw¢ments the 2011 k¢ have not béan mot.. or {21 lo which, in my Onion. attentKy) stKwld be dr8Wn n twdw to ble a wcper uThJerslandirvJ of tho Finèr181 Statoments to bg rethd. Mrs P Kavanagh BTovm CHARTERED ACCOUNTANT i(t 1.3 WoolbBdiTrw, sh8n¥0 Rts, Tidoswdl. SK17 8HJ P8ge Jo
RICKMANSWORTH BAPTIST CHURCH ents to Chari for the ar ended 31 March 2021 Notes 2020 Ba tist Mlssiona Socie Birthday Scheme Tax daim Donations Special donation from Generdl FurKI Transfer froTn Ganeral Fund 720 327 202 100 1.000 750 2250 2.109 acial From Outreach for Cydone Appeal From Outr&ach to BMS for Covi&19 From Outreach to Salvation Army From OLrtreach to Lgrwj With Caro From Outreach to Jerusalem Prayer Team From Outreach to National Emergoncie5 Fund 500 1.000 500 1.c)0 250 5,000 6.750 Home Mission Fund Donations and Envelopes Tax daim Special donatiw aftar al advic? Transfer from General FWKI 1.160 290 430 1.000 250 2,250 Bafnabas Fund Bamabas Fund special donation Banevolenl Fund (from General Fund) Chr Aid Ebc4a inc £5 from Outr8ad) FLMKI Crisis HaTV6St- BMS Operation Agri Lend With Care from General FuThl Leprosy Missi Mercy Ships Revitslise 252 250 150 237 242 185 185 75 150 173 Ell Rlckrnansworth FcN)J Bank Rickmansworth local donation Sharp Blind Sharp Blind SChCl from Chjlreath Fund Sighlsavars Toilet TwnniThJ Trussell Trust Urban Expr8ssion from General Find WaterAid Watford Schwls from Gera1 Fund Wa*Ford Pea HO 225 200 177 1.200 200 125 500 150 48 19) 60 Of Ihis amourt £3,536 {2020 £1.5481 came from General Fund and £308 from tax daims {2020 £4471 4.719 5.785 Total Giying Ineluding £1,500 from Outreach Fund £5.086 from General Fund. £5.548 in 2020 Tax recovered £898. £899 In 2020 Page li