## **Upton Vale Baptist Church**
**Trustees Annual Report And Accounts Year ended 31 December 2023**
**Registered Charity Number: 1176425**
**Co Number: CE012770**
## **Upton Vale Baptist Church**
## **Year Ended 31 December 2023**
|**Contents**|**Page**|
|---|---|
|Report of the Trustees|2 - 11|
|Independent Examiner's Report to the Trustees|12|
|Statement of Financial Activities (SOFA)|13|
|Balance Sheet|14|
|Notes to the Financial Statements|15 - 24|
# **UPTON VALE BAPTIST CHURCH**
# **CHARITY INCORPORATED ORGANISATION**
## **TRUSTEES ANNUAL REPORT AND ACCOUNTS**
## **FOR THE YEAR ENDED**
**31 DECEMBER 2023**
**Registered Charity Number 1176425**
## **Upton Vale Baptist Church (UVBC)**
## **Registered Charity Number 1176425**
## **Trustees Annual Report**
## **Year ended 31 December 2023**
The Trustees have pleasure in presenting their report and the financial statements of the Charity for the year ended 31 December 2023
## **Principal address:**
Castle Circus St Marychurch Road Torquay TQ1 3HY
## **Trustees as at the date of approval of the report**
David Edward Chivers (29.11.2022) – Eldership Trustee Rachel Loye Greenwell (28.11.2023) – Governance Trustee Charlotte Anne Haywood (29.11.2022) - Eldership Trustee Paul John Hine (28.11.2023) – Eldership Trustee) Alexander John Kittow (29.11.2022) – Eldership Trustee Rosalind Margaret Morrison (30.11.2021) – Eldership Trustee Paul John Rosser (28.11.2023) – Governance Trustee David Barry Scott (28.11.2023) – Governance Trustee Rachel Julia Singleton (30.11.2021) – Eldership Trustee Richard James Thorpe (30.11.2021) – Governance Trustee Kathryn Nanette Westaway (28.11.2023) – Governance Trustee
## **Bankers:**
## **Main Bankers** _**:**_
CAF (Charities Aid Foundation) 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4TA
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Registered charity 1176425
Lloyds Bank 2 Palace Avenue Paignton TQ3 3ER
Baptist Trust Fund Baptist Union Corporation Baptist House, Didcot PO Box 44 129 Broadway Didcot OX11 8RT
Kingdom Bank Limited Media House Padge Road Beeston Nottingham NG9 2RS
## **Accountants and Independent Examiner**
Peplows Chartered Accountants Moorgate House King Street Newton Abbot TQ12 2LG. Appointed in March 2022
## **Structure, Governance and Management**
The titles of the Church Premises and the Church Manse are vested in the Baptist Union of Great Britain as Holding Trustee. The Holding Trustee also holds the relevant deeds/title documents.
Upton Vale Baptist Church is an incorporated charity with its Constitution being the governing document.
The charity was entered onto the Register of Charities by the Charity Commission on 21 December 2017 on the basis of a constitution approved by a resolution of church members on 28 November 2017. A further resolution was passed by the church members at the Church Meeting on 6 July 2020 to amend clauses 12.5.2 (Church
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Registered charity 1176425
Membership), 14.3.8 (Eligibility to be a Trustee) and 14.4.1 (Maximum Number of Trustees).
Appointment and removal of Trustees is by the church meeting in accordance with the church constitution (Section 14) and charity law. Potential new Trustees are selected from members of the Church. Proceedings of Trustees are in accordance with the church constitution. The managing Trustees are Minister(s), Governance Trustees and Elder Trustees. . The Ministers are appointed by the church meeting to a position which in the case of ministers has the benefit of an annual stipend. The Senior Minister is a Trustee by virtue of their office. Other ministers are not automatically Trustees but may be appointed as Trustees by the church members.
The structure of the church is not hierarchical. The leadership operates as a team with members exercising their gifting under the leading of Almighty God: Father, Son and Holy Spirit.
Upton Vale is a large and lively church of all ages and operates out of the centre of Torquay. The Staff Team and Governance Trustees manage the day to day running of the Church under the management of the Senior Pastor and they have responsibility for:-
- Celebrations & Worship
- Pastoral Care & Discipleship
- Children, Youth and Young Adults
- Outreach and Community
- Administration and premises management
This enables us as a church to be fruitful as we focus our energy and prayer on the above five areas.
Church members are encouraged to be active in the life of the church and we have a large number of dedicated volunteers who work with staff in different areas. Church members are updated on developments and exercise control over major decisions at regular church meetings.
The spiritual direction, teaching and pastoral care of the church is in the hands of the Ministers and Eldership Trustees, with the support of the following sub-groups:
- a. Pastoral Action Team
- b. Global Outreach Team and Good New to Torquay Action Team
- c. Staff Team
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Registered charity 1176425
The administration of the church is co-ordinated by the Governance Trustees, with specific people having responsibility in various areas. The trustees operate through action teams for Fabric, Finance, Technical and Media, and Safeguarding.
The Church is a member of the Baptist Union of Great Britain, the South West Baptist Association and the Evangelical Alliance.
## **Health and Safety**
The Health & Safety function is outsourced to Peninsula Business Services (Business 123) who undertake regular H & S Audits and have produced and update a comprehensive Health & Safety Manual along with all relevant policies and procedures which are reviewed regularly. We have trained Health & Safety representatives who undertake and review Risk Assessments and undertake weekly, monthly and annual H & S check around the building. Business 123 make the church aware of and update the policies and procedures as new legislation is introduced.
Health & Safety is on the agenda of the Governance Trustees meeting and includes reports on any accidents, risk assessments, changes in legislation and any other Health & Safety Matters.
## **Payroll and Human Resources**
Peplows Chartered Accountants undertake the payroll function in conjunction with the Finance Team. M onthly reports are provided for the Chair of Finance Team.
The Human Resources Function is outsourced to Peninsula Business Services (Bright HR). A full suite of bespoke policies and procedures are available on line to the HR team and also to staff. A Staff Handbook which contains various policies, procedures and guidance is circulated to staff for their information. Regular reviews are undertaken by Bright HR in conjunction with the HR Team and Bright HR inform the church of any change in legislation etc. HR is an agenda item on the Governance Trustees meetings.
## **Safeguarding of children, young adults and adults at risk**
The Church has a Safeguarding policy in place which promotes the protection of children, young people and adults at risk through clearly defined processes and procedures. This policy gives clear guidance on how to maintain a safe environment for children, young people and adults at risk and for those who work with children, young people and adults at risk, including the procedure for reporting observations and allegations of abuse recorded by staff and volunteers at UVBC. It closely follows the guidelines set by the SWBA and is regularly updated. UVBC's policy is overseen and implemented by a Designated Safeguarding Team.
The aims are:
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Registered charity 1176425
1. To commit ourselves to the nurturing, protection and safeguarding of all children, young people and adults at risk associated with the church
2. To follow up on any allegations of any nature which involves children, young people, and/or adults at risk, and those working with them, who are associated with UVBC.
3. To keep clear records of any allegations or incidents involving children, young people and/or adults at risk, and those working with them, who are associated with UVBC.
4. To ensure the safe recruitment, support and supervision of all those who work with children, young people and adults at risk, both on a Sunday and at all midweek activities run by Upton Vale Baptist Church.
The subject of Safeguarding is a standing item on the agenda of the Governance and Joint Trustees Meetings. The Safeguarding Trustee reports on any issues. The Safeguarding Policy is reinforced to the church as a whole at the Annual General Meeting. The Safeguarding Policy is displayed in the foyer of the Church and copies are available on request, from the church office
## **GDPR**
Upton Vale is compliant with the requirement of the GDPR Regulations. All the policies for privacy, employment, recruitment, contractors and storage and retention are available for viewing on a central database in the church office. The privacy policy for the church is available on the church website.
An annual review of membership is carried out and this ensures that we have correct and up to date information on members. During 2023, we undertook a renewal of consent permission which resulted in the update of personal information of members and attendees.
## **Objectives, activities and achievements**
The principal purpose of the Church is the advancement of the Christian faith, particularly though not exclusively, through worship of God, making disciples of Jesus Christ. Our Purpose, Values and Vision are:-
- **Purpose: We aim to help people join the dots between who Jesus is and how by live.**
- **Values: Faithful expectancy, Bold Creativity and Authentic Humility**
- **Vision: A community of people changed by Jesus in order to bring change to the World**
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Registered charity 1176425
These objectives are achieved by [amongst other ways]:
- Regularly meeting together for public acts of worship and teaching
- Meeting in small groups in homes and other locations, for fellowship, teaching and mutual support
- Running groups and activities for children and young people
- Regularly running Alpha plus a wide range of other evangelistic activities and initiatives
- In addition to the above, the church seeks to serve the wider community through running CAP money management courses, B2gether for people who have special or educations needs and a Bereavement Friendship Group which brings people together who have suffered the loss of loved ones for whatever reason.
- Engaging as a church in a number of social action activities in the community by supporting financially and with volunteers giving time to various organisations
- • Allowing our buildings to be used for a wide range of community groups
Underlying all that we do, in our lives as individuals, in our smaller groups and in our larger gatherings, we seek to live out our God given purpose and we seek to encourage the development of the following:-
- Worship
- Serving
- Fellowship
- Discipleship
- Outreach
- Social Action
The Trustees are aware of the Charity Commission’s guidance on Public Benefit in “The Advancement of Religion for the Public Benefit” and have regard for it in their administration of the Church as illustrated by the pursuit of its objectives set out in this report.
The Trustees believe that, by fulfilling their responsibility to work together in Torquay and co-operate in all matters of concern and importance for the whole mission of the Church, pastoral, evangelistic, social and ecumenical, it provides a benefit to the public by:
- Providing resources and facilities for public worship, pastoral care and spiritual, moral and intellectual developments, both for its members and anyone who wishes to benefit from what the Church offers;
- Promoting Christian values, and service by members of the church in Torquay and beyond, to the benefit of individuals and society as a whole.
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Registered charity 1176425
- The Church may also carry out other charitable purposes in the UK and other parts of the world.
The year under review 2023 has been a challenging time for Upton Vale. Our Senior Minister and Associate Minister both left our employment in 2022 and this has meant that we have had to do some things differently. We have been blessed by having many visiting speakers on Sunday and our Trustees and staff have worked very hard to ensure that the church operates as normal. We give thanks to the Trustees and staff and also the large number of volunteers who have helped through this year.
As a result of the departure of two ministers, a Search Committee was appointed to undertake the search for a new Senior Pastor. The Search Committee was made up of Trustees and members and reflected the age range of the church family. They identified candidates who were suitable and after interviewing, one person was felt to be the Pastor that God was calling to UV. Arrangements were made for the candidate to come and visit UV in early 2024.
During 2023, our Sunday Services were our main acts of public worship and teaching. And we continued to stream our Sunday services using YouTube which met the needs of vulnerable people and those who are unable to physically attend. We worked hard to ensure that we are compliant with the law as well as being sensitive to the needs of the congregation.
Small groups continued to meet regularly for teaching, prayer, fellowship and mutual support. The Church Members Meeting, where the business of the church is handled can be joined by people by using Zoom but they are unable to vote on any matters of business. Our prayer meetings during the week and on Sunday evening have continued using Zoom and by meeting together in person and we have good attendance at all these meetings.
Because of the generosity of people within the church, we have been able to help people within the church and in the local community through the Pastoral Fund by funding counselling, providing food parcels and vouchers, help with household bills and other general financial help. Gifts of flowers, cakes, fruit etc. are given to people in the church who have suffered the loss of a loved one, who are undergoing medical treatment and for encouragement if people are going through difficult times. The Christmas Present bags and Easter gifts gave such pleasure to those who were unable to attend church for various reasons.
In addition to the financial help, members of the church have been involved in working with the local Food Alliance helping in the local food banks, delivery of food to people who are unable to get out, helping with shopping, delivering school meals to families, collecting prescriptions and taking people to hospital and Doctors’ appointments. As
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Registered charity 1176425
well as this the Pastoral Team keep in regular contact by telephone and visiting vulnerable and people who are not well.
We invest resources in the youth and children’s work on a Sunday and during the week by employing one full time person along with numerous volunteers to work in this area. The children and youth attended regional events such as SPREE and the Gathering where they met with other children and young people in the region.
In September 2023, we introduced a Mum and Tot’s Bible Study group which is working well. The Wednesday Night Kids group was revamped and we introduced a Monday Night Kids in September which is attracting lots of children who do not have a church background.
In September we commenced two Youth Bible Study groups which are well attended and supported with homemade cakes from people within the church.
We ran a breakfast time Alpha course early in the year and a evening course in the Autumn. We also held two “Hot Potato” evenings at a local restaurant which were very well attended.
We continued to partner with other churches in Torbay both financially and with volunteers on various community projects.
We seek to give 12% of our annual giving to various missions and good causes at home and abroad. Closer to home we support, financially and in other ways the BMS World Mission, Baptists Together, LiNX Christian Youth Trust and the Acorn Education Centre which opened in February 2022 and runs within our church building.
During 2023, four people were baptized and we had the joy and pleasure of welcoming three people into church membership. Five of our members passed away during the year and 22 members resigned for various reasons. Our membership at the end of 2023 stood at 326.
## **Use of Technology**
Upton Vale continues the development of technology to allow for more efficiency for both staff and volunteers. This development will continue during 2024.
## **Financial Review**
The church has a Reserves Policy which would cover staff salaries for three months should the church cease to exist. This policy is reviewed annually in the budget preparation so varies each year but this currently stands at £66,250. We have no concerns that the church will cease to exist in its current form.
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Registered charity 1176425
The charity appointed Peplows Chartered Accountants as independent examiners for the year under review.
In 2023 we gained a surplus on our General Fund of £27,319 compared with a surplus of £15,850 in 2022. The church has set a modest deficit budget for 2024, the trustees having agreed to cover any resulting shortfall in operating income from reserves.
As trustees we consider the financial records to be in good order. We draw up an annual budget which is ratified by the members at the AGM. The financial function is delegated to a Finance Team. We measure performance against budget and reconcile the main bank account on a monthly basis in accordance with our Risk Assessment Policy, which is approved by the Trustees on a monthly basis.
No Funds are materially in deficit.
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Registered charity 1176425
## **Upton Vale Baptist Church**
## **Independent Examiner's Report To The Trustees of Upton Vale Baptist Church**
## **Year Ended 31 December 2023**
I report to the trustees on my examination of the accounts of Upton Vale Baptist Church for the year ended 31 December 2023 which are set our on pages 2 to 24.
## **Responsibilities and basis of report**
As the Charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 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 all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
Since the CIO'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, which is one of the listed bodies.
I have completed my examination. I confirm that no material 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 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.
**Michael Young BSC FCA** Peplows Limited Moorgate House, King Street Newton Abbot, TQ12 2LG 23 September 2024
12
## **Upton Vale Baptist Church**
## **Statement of Financial Activities (incorporating income and expenditure account)**
## **Year Ended 31 December 2023**
|**Note**
**INCOME:**
Total
**EXPENDITURE ON:**
**Charitable Activities**
Staff payroll
3
Staff expenses
Donations made
TLG School
Outreach
Children
Services and worship
Discipleship
Community
Youth accounts
Premises
Office expenses
Refurbishment costs
Depreciation
4
Governance Costs
2
Other
Total
Transfers between funds
Total funds at 31 December 2022
Total funds at 31 December 2023
Net income/(expenditure)
**Income from Charitable**
**Activities**
Offerings and Gift Aid tax
**Donations and Legacies**
Donations, other income inc
GA tax
Children and Youth
Hire of Premises
Rental income
**Income from Investments**
Interest receivable|**Unrestricted Restricted Endowment**
**Total**
**Total**
**Funds**
**Funds**
**Funds**
**2023**
2022
£
£
£
£
£
10,150
10,150
283,001
283,001
358,151
21,095
44,066
65,161
35,468
-
-
1,801
1,801
2,558
39,318
39,318
38,237
-
-
666
-
-
3,189
3,189
907
358,554
44,066
-
402,620
435,987
143,268
143,268
216,228
12,615
12,615
13,110
44,391
36,949
81,340
71,073
146
146
2,454
5,135
5,135
2,915
1,006
1,006
554
3,583
3,583
3,051
1,643
1,643
878
713
713
593
4,958
4,958
7,004
41,867
41,867
55,644
17,131
17,131
18,498
18,000
18,000
18,000
11,068
11,068
15,835
2,900
2,900
2,530
3,422
3,422
2,803
311,846
36,949
-
348,795
431,170
46,708
7,117
-
53,825
4,817
-
-
592,733
16,325
636,812
1,245,870
1,241,053
639,441
23,442
636,812
1,299,695
1,245,870|
|---|---|
13
## **Upton Vale Baptist Church**
## **Balance Sheet**
## **31 December 2023**
|Note
**Fixed assets**
Tangible assets
4
**Current assets**
Debtors
5
Cash at bank and in hand
6
**Current liabilities**
Creditors: amounts falling due within one year
7
**Net current assets**
**Net assets**
**Funds**
Unrestricted income funds
9
Restricted funds
10
Endowment funds
10
**Total funds**|**2023**
£
906,600
906,600
7,276
388,229
395,505
(2,410)
393,095
1,299,695
639,441
23,442
636,812
1,299,695
-|**2022**
£
917,673
917,673
10,233
320,374
330,607
(2,410)
328,197
1,245,870
592,733
16,325
636,812
1,245,870|
|---|---|---|
Approved by the Board of Trustees on 23 September 2024 and signed on its behalf by:
## **Richard Thorpe**
(Finance Trustee)
**Alexander Kittow**
(Chair of Trustees)
14
## **Upton Vale Baptist Church**
## **Notes to the Financial Statements**
## **Year ended 31 December 2023**
## 1 **Accounting Policies**
## **a) General information**
Upton Vale Baptist Church is a Charitable Incorporated Organisation with its Constitution being the governing document. The CIO was registered on 21 December 2017.
The charity is registered in England and Wales and details of the registered office can be found in the reference and administrative section of the trustees' report.
The charity meets the definition of a public benefit entity under FRS102.
The functional and presentational currency of Upton Vale Baptist Church is considered to be pounds sterling because it is the currency of the primary economic environment in which the charity operates. The accounts are rounded to full pound sterling.
## **b) Basis of preparation**
The financial statements have been prepared in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice' applicable to charities preparing their accounts in accordance with the Charities SORP (FRS102) and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. The financial statements have been prepared on a going concern basis and the Trustees are not aware of any material uncertainties that would cast doubt on the charity's ability to continue as a going concern. Please refer to the Trustees' Report on page 6 for more details of the implications of the Covid-19 pandemic on the going concern status of the charity.
## **c) Fund accounting**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the church.
Designated funds are unrestricted funds earmarked by the trustees for particular purposes.
Restricted funds are subject to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
An endowment fund is a fund where the assets must be held permanently by the church.
## **d) Fixed assets**
Furniture and equipment in the church premises was transferred from the old charity to the CIO on 1 January 2018 at their net book value at that date. Subsequent additions are included at cost.
Individual items of equipment with a purchase price of £1,000 or less are written off when the asset is acquired.
## **Depreciation**
Depreciation has not been charged on the church premises. See "critical estimates" below for further details.
15
## **Upton Vale Baptist Church**
## **Notes to the Financial Statements**
## **Year ended 31 December 2023**
## 1 **Accounting Policies (continued)**
## **d) Fixed assets (continued)**
Depreciation on other fixed assets is calculated to write off the cost/book value on a straight line basis over their expected useful life, as the following rates:
Freehold property Church not depreciated and other property 2% straight line Fixtures & fittings 20% straight line IT & technical equipment 33% straight line
## **e) Investment assets**
Investments are stated at market value at the balance sheet date.
## **f) Income**
Investment income is included in the financial statements in the year for which it is receivable.
Donations and are accounted for gross when received.
For legacies, entitlement is taken as the earlier of the date on which either; the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executors to the charity that a distribution will be made, or when a distribution is received from the estate. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.
Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.
## **g) Donations Payable**
Donations are made to other organisations and individuals whose charitable objects complement the work of the church. These are accounted for when paid.
## **h) Expenditure**
All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities.
Raising funds these are costs incurred by the church in relation to the management of the investments.
Charitable activities are costs incurred by the church in the delivery of its activities and services for its beneficiaries.
## **i) Governance costs**
These are costs related to the governance of the church. Much of the management is carried out by volunteers, at no cost. Governance also includes the costs associated with the church meeting its constitutional and statutory requirements.
## **j) Critical accounting judgements and sources of key estimation uncertainty**
In the application of the charity's accounting policies, which are described above, the trustees are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
16
## **Upton Vale Baptist Church**
## **Notes to the Financial Statements**
## **Year ended 31 December 2023**
## 1 **Accounting Policies (continued)**
## **j) Critical accounting judgements and sources of key estimation uncertainty (continued)**
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The following are the critical judgements and estimates that the trustees have made in the process of applying the charity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements.
## _**Critical judgements**_
- Key management personnel comprises the trustees.
## **Critical estimates**
- No depreciation is provided on church premises, as the trustees consider that the residual value of the premises at the end of their useful life is such that depreciation would be immaterial. The charity has a policy and practice of regular maintenance and repair such that these assets are kept to their previously assessed standard of performance, and the premises are unlikely to suffer from economic or technological obsolescence. As a result the useful economic life of these premises are expected to be very long.
17
## **Upton Vale Baptist Church**
## **Notes to the Financial Statements**
## **Year ended 31 December 2023**
|**2**|**Governance costs**||||**Total**|**Total**|
|---|---|---|---|---|---|---|
||||**Unrestricted**|**Restricted**|**2023**|**2022**|
||||£|£|£|£|
||Independent examination||1,420|-|1,420|1,420|
||Accountancy||1,480|-|1,480|1,110|
||||2,900|-|2,900|2,530|
|**3**|All of the 2023 & 2022 goverance costs were unrestricted.
**Staff costs and emoluments**
Wages, salaries and social security costs
Pension costs||||**2023**
£
122,740
20,528|**2022**
£
195,700
20,528|
||||||143,268|216,228|
||Average number of employees in period
Ministerial staff
Administrative staff||||2
6|2
6|
||||||8|8|
|**4**|No employee (2022: None) was remunerated above the rate of £60,000
**Tangible fixed assets**
**Freehold**
**Fixtures &**
**Church**
**Property**
**Fittings**
**£**
**£**
**£**
**Cost / Valuation**
At 1 January 2023
636,812
298,741
13,258
Additions
-
-
-||||per annum.
**IT &**
**tech equip**
**£**
52,742
-|**Total**
**£**
1,001,553
-|
||At 31 December 2023|636,812|298,741|13,258|52,742|1,001,553|
||**Depreciation**
At 1 January 2023
Charge for period|-
-|23,900
5,975|11,705
760|48,275
4,338|83,880
11,073|
||At 31 December 2023|-|29,875|12,465|52,613|94,953|
||**Net book value**
At 31 December 2023|636,812|268,866|793|129|906,600|
||At 31 December 2022|636,812|274,841|1,553|4,467|917,673|
18
## **Upton Vale Baptist Church**
## **Notes to the Financial Statements**
## **Year ended 31 December 2023**
|**5**
**Debtors**
Trade debtors
Accrued income
**6**
**Bank and cash**
CAF
Lloyds TSB
Kingdom Savings
Boys Brigade
Baptist Union
Baptist Union corporation
Office petty cash
**7**
**Creditors: amount falling due within one year**
Creditors and accruals|**2023**
**2022**
£
£
-
5,021
-
5,212
-
10,233
**2023**
**2022**
£
£
108,404
135,425
98,044
91,170
86,686
-
284
284
94,805
7,984
-
85,510
388,223
320,374
**2023**
**2022**
£
£
2,410
2,410
2,410
2,410|
|---|---|
## **8 Trustees' remuneration and related party transactions**
During the year, no remuneration, or pensions contributions were paid to any trustee.
During the year £165.17 of expenses were reimbursed to the trustees
From 1 February 2019 until 10 January 2023 accommodation has been provided to A Hickford by Upton Vale Baptist Church. During the year, the church paid a nominal contribution of £12 (£1 per month) towards the Baptist Union Pension Scheme deficit.
The Baptist Union Trust Corporation currently hold the title deeds, as custodian trustee, of the church property and cottage cafe on the charity's behalf. During the year, no payment was made to the spouse or other relative of a trustee.
19
## **Upton Vale Baptist Church**
## **Notes to the Financial Statements**
## **Year ended 31 December 2023**
|**9**|**Unrestricted funds of the charity**|**Unrestricted funds of the charity**|||||
|---|---|---|---|---|---|---|
|||**1**||||**31**|
|||**January**|**Income**|**Expenditure**|**Transfers**|**December**|
|||**2023**||||**2023**|
|||£|£|£|£|£|
||**Designated funds:**||||||
||Special project fund|93,979|19,389|-||113,368|
||Youth account|1,102|||(1,102)|-|
||Hall Project Fund|-||||-|
||Manse Fund|-|||1,000|1,000|
||**General funds**|95,081
497,652|19,389
339,165|-
(311,846)|(102)
102|114,368
525,073|
|||592,733|358,554|(311,846)|-|639,441|
## **Year Ended 31 December 2022 (Comparative figures 31 December 2023)**
Comparative information in respect of the preceding period is as follows:
|**Designated funds:**
Special project fund
Youth account
Hall Project Fund
Manse Fund
**General funds**|**1**
**31**
**January**
**Income**
**Expenditure**
**Transfers**
**December**
**2022**
**2022**
£
£
£
£
£
111,981
-
(18,002)
-
93,979
444
686
(28)
-
1,102
-
-
-
-
-
-
-
-
-
-
112,425
686
(18,030)
-
95,081
481,802
404,245
(388,395)
-
497,652
594,227
404,931
(406,425)
-
592,733|
|---|---|
20
## **Upton Vale Baptist Church**
## **Notes to the Financial Statements**
## **Year ended 31 December 2023**
## **10 Endowment and restricted funds**
**----- Start of picture text -----**
|||||||
|---|---|---|---|---|---|
|1|31|
|January|Income|Expenditure|Transfers|December|
|2023|2023|
|Restricted funds:|£|£|£|£|£|
|Pastoral fund|5,548|5,732|(8,795)|2,485|
|Individual support fund|1,641|3,510|(2,208)|2,943|
|MornOut|288|-|-|288|
|Mission Budget - Moldova|250|-|-|250|
|Misc Restricted Gifts|1,390|1,680|(1,529)|1,541|
|CAP Money Courses|520|-|-|520|
|-|-|
|Boys Brigade|1,487|1,487|
|Staff leaving gifts|-|25|(25)|-|
|Transforming lives|445|35|(138)|342|
|BMS world mission|159|404|(154)|409|
|BMS relief fund - G2|-|2,351|(2,142)|209|
|Baptist Union Home Mission|453|-|-|453|
|Jubilee Leadership|1,609|6|(1,609)|6|
|Youth account|370|3,001|(577)|2,794|
|Claire Bedford|179|(181)|-|(2)|
|Ladies Ministry|653|-|-|653|
|Ukraine Emergency|57|275|(210)|122|
|Acorn|179|14,406|(13,669)|916|
|Warm space|1,097|192|(487)|802|
|BFG - BFG Fund|-|2,433|(364)|2,069|
|-|-|
|GNT RF - GNT Contingency Fu|2,000|2,000|
|Rework - Rework Fund|-|5,797|(2,662)|3,135|
|Albania Fund|-|2,400|(2,380)|20|
|-|
|16,325|44,066|(36,949)|23,442|
|Endowment fund|
|-|-|-|
|Church premises|636,812|636,812|
|-|
|653,137|44,066|(36,949)|660,254|
**----- End of picture text -----**
Restricted funds are funds established by the church to enable individuals to support specified causes.
## **Endowment fund - Church premises**
The church premises are shown at site value as at 1 January 2018 when the asset was transferred from the old charity to the CIO.
The proceeds, should the church be sold, can only be used for erection, alteration, improvement, enlargement, addition or pulling down and rebuilding of the existing premises or purchase of other property which will be held in Baptist Union Trust Corporation, as holding trustee.
21
## **Upton Vale Baptist Church**
## **Notes to the Financial Statements**
## **Year ended 31 December 2023**
## **10 Endowment and restricted funds**
|**Restricted funds:**
Pastoral fund
Christmas appeal
Individual support fund
MornOut
Mission Budget - Moldova
Misc Restricted Gifts
CAP Money Courses
Boys Brigade
Staff leaving gifts
Makaton Course
Transforming lives
BMS world mission
BMS world mission - Relief
Baptist Union Home Mission
Jubilee Leadership
Youth account
Claire Bedford
Ladies Ministry
Ukraine Emergency
TLG School
Warm space
**Endowment fund**
Church premises|**1**
**31**
**January**
**Income**
**Expenditure**
**Transfers**
**December**
**2022**
**2022**
£
£
£
£
£
4,962
8,380
(7,794)
5,548
-
-
1,641
1,641
288
288
250
250
62
2,563
(1,235)
1,390
500
20
520
1,487
1,487
-
1,755
(1,755)
-
195
678
(873)
-
388
145
(88)
445
-
159
159
-
3,685
(3,685)
-
-
453
453
241
1,943
(575)
1,609
-
370
370
-
179
179
-
741
(88)
653
-
5,857
(5,800)
57
-
2,863
(2,684)
179
-
1,265
(168)
1,097
10,014
31,056
(24,745)
-
16,325
636,812
-
-
-
636,812
646,826
31,056
(24,745)
-
653,137|
|---|---|
Restricted funds are funds established by the church to enable individuals to support specified causes.
## **Endowment fund - Church premises**
The church premises are shown at site value as at 1 January 2018 when the asset was transferred from the old charity to the CIO.
The proceeds, should the church be sold, can only be used for erection, alteration, improvement, enlargement, addition or pulling down and rebuilding of the existing premises or purchase of other property which will be held in Baptist Union Trust Corporation, as holding trustee.
22
## **Notes to the Financial Statements**
## **Year ended 31 December 2023**
## **11 Analysis of net assets between funds**
|Tangible assets
Debtors
Cash at bank and in hand
Other current liabilities|**Unrestricted**
**Restricted**
**Endowment**
**2023**
**Funds**
**Funds**
**Funds**
**Total**
£
£
£
£
269,788
-
636,812
906,600
7,276
-
-
7,276
364,787
23,442
-
388,229
(2,410)
-
-
(2,410)
639,441
23,442
636,812
1,299,695|
|---|---|
## **Year Ended 31 December 2022 (Comparative figures 31 December 2022)**
Comparative information in respect of the preceding period is as follows:
|Tangible assets
Debtors
Cash at bank and in hand
Other current liabilities|**Unrestricted**
**Restricted**
**Endowment**
**2022**
**Funds**
**Funds**
**Funds**
**Total**
£
£
£
£
280,861
-
636,812
917,673
10,233
-
-
10,233
304,049
16,325
-
320,374
(2,410)
-
-
(2,410)
592,733
16,325
636,812
1,245,870|
|---|---|
## **12 Contingencies**
Subsequent to the period end the Baptist Pension Scheme issued a statement to the Church advising that the scheme will be moved to an external provider. It is anticipated that there will not be a pension defecit when this transfer takes place. However, this is not certain. No provision has been made in these accounts for any potential pension scheme deficit as this will only become payable by the charity in certain circumstances, which the trustees are confident can be avoided.