BOGNOR REGIS BAPTIST CHURCH
(CHARITABLE INCORPORATED ORGANISATION) ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023
CHARITY REGISTRATION No: 1179247
Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF BOGNOR REGIS BAPTIST CHURCH (CHARITABLE INCORPORATED ORGANISATION)
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CONTENTS
Page 3 Trustees Annual Report
Page 4 Statement of Financial Activities
Page 5 Balance Sheet
Page 6 Trustees’ Responsibilities Pages 7 Notes to the Financial Statements
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BOGNOR REGIS BAPTIST CHURCH (CHARITABLE INCORPORATED ORGANISATION)
TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2023
Introduction
This is the annual report for Bognor Regis Baptist Church which is currently transitioning from an unincorporated charity to a charitable incorporated organisation. The unincorporated charity is registered under number 1133946.
Reference and administrative information
The name of the charity is Bognor Baptist Church UK, charity number 1179247. The address of the principle office is 73 Victoria Drive, Bognor Regis, PO21 2TD.
The Trustees of the charity are:
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Jamie Stephen John Fredricks (Chair)
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Alistair Williams
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Julie Passmore
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Jonathan Lex
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Sandra Bolton
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Daniel Clark
-
David Lacey
Structure, Governance and Management
Bognor Regis Baptist Church is a Foundation CIO registered on the 18th July 2018. The only voting members are the Charities Trustees.
Objectives and Activities
The principle 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 and carry out other charitable purposes in the United Kingdom and/or other parts of the world.
A summary of the main activities undertaken in relation to these objects can be found in the Trusts Annual report. (See charity number 1133946)
Achievements and Performance
The CIO implementation has not yet been completed.
Financial Review
The accounts for Bognor Regis Baptist Church are attached for the year ending 31[st] March 23. The remainder of the funds were held by the Trust and passed through their accounts.
The policy on reserves can be found in the Trusts Annual Report.
The approach taken to the management of risk can be found in the Trusts Annual Report.
Funds held as Custodian Trustee -This section is not applicable.
Trustees Responsibilities
The trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the CIO. They are also responsible for safeguarding the assets of the CIO and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Trustees on …………………………………… 13th June 2023
Signed on their behalf by Trustee……………………………….
Jonathan Lex - Trustee and Church Treasurer Print Name……………………………………………………………
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BOGNOR REGIS BAPTIST CHURCH (CHARITABLE INCORPORATED ORGANISATION)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2023
| Notes Income TOTAL INCOME EXPENDITURE ON: Raising Funds Charitable Activities Governance – Accountancy Fees TOTAL EXPENDITURE NET INCOME/(EXPENDITURE) Transfer between funds NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS Total Funds Brought Forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted Funds Restricted Funds TOTAL 31.3.23 0 0 0 |
|---|---|
| 0 0 0 |
|
| 0 0 0 0 0 0 0 0 0 0 0 0 |
|
| 0 0 0 |
|
| 0 0 0 |
|
| 0 0 0 |
|
| 0 0 0 |
|
| 0 0 0 0 0 0 |
|
| 0 0 0 |
Movements on all reserves and all recognised gains and losses are shown above. All of the organisation’s operations are classed as continuing.
The notes on pages 6 to 7 form part of these financial statements.
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BOGNOR REGIS BAPTIST CHURCH (CHARITABLE INCORPORATED ORGANISATION)
BALANCE SHEET AT 31ST MARCH 2023
| Notes Tangible assets Current Assets Debtors Cash at bank in hand Total Current Assets Creditors: amounts falling due within one year NET CURRENT ASSETS NET ASSETS Funds of the Charity General Funds Restricted Funds Total Funds TRUSTEES' REPONSIBILITIES |
Unrestricted Funds Restricted Funds 31.3.23 Total £ £ £ 0 0 0 0 0 0 0 0 0 0 0 0 |
|---|---|
| 0 0 0 |
|
| 0 0 0 0 0 0 |
|
| 0 0 0 |
|
| 0 0 0 |
|
| 0 0 0 |
|
| 0 0 0 |
|
| 0 0 0 |
|
The Charities Act 2011 requires the trustees to prepare financial statements for each financial year which present a true and fair view of the state of affairs of the CIO and of the surplus of the CIO for that period. In preparing those financial statements the trustees are required to:
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a) select suitable accounting policies and then apply them consistently.
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b) make judgements and estimates that are reasonable and prudent.
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c) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the CIO will continue in business.
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d) state whether applicable accounting standards and statements of recommended practice have been followed subject to any material departures disclosed and explained in the financial statements.
These accounts were approved by the Trustees of the CIO on the:
13th June 2023
Date ………………………………………………………….
On their behalf by ………………………………………….
Jonathan Lex - Trustee and Church Treasurer
Print Name………………………………………………….
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BOGNOR REGIS BAPTIST CHURCH (CHARITABLE INCORPORATED ORGANISATION)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023
1. ACCOUNTING POLICIES
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 Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014 and with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and with the Charities Act 2011. The CIO constitutes a public benefit entity as defined by FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
There are no material uncertainties about the CIO's ability to continue in operation.
Annual Commitments
There are no annual commitments under non-cancelling operating leases and no capital commitments.
Assets
These are capitalised if they can be used for more than one year and cost at least £300. They are valued at cost, or if gifted, at the value to the organisation on receipt.
Depreciation Expense
Depreciation is calculated at a rate to write off the cost of tangible fixed assets on a straight-line basis over 3 years from the month they are purchased.
2. TANGIBLE FIXED ASSETS
There were no fixed assets held by the CIO during the financial period.
3. PUBLIC BENEFIT
The organisation acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the organisation has achieved this are provided in the Trustees' report. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the organisation should undertake.
4.INCOME AND RESOURCES
| Donations Total Funds |
Unrestricted Funds Restricted Funds 31 Mar 23 Total £ £ £ 0 0 0 |
|---|---|
| 0 0 0 |
5.a) EXPENDITURE ON RASING FUNDS
| Unrestricted | Restricted | Total |
|---|---|---|
| Funds | Funds | 31 Mar 23 |
| £ | £ | £ |
| 0 | 0 | 0 |
| 0 | 0 | 0 |
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BOGNOR REGIS BAPTIST CHURCH (CHARITABLE INCORPORATED ORGANISATION)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023
5.b) EXPENDITURE ON CHARITABLE ACTIVITES
| Bank Charges Charitable Donation to associated charity |
Unrestricted Funds Restricted Funds Total 31 Mar 23 £ £ £ 0 0 0 |
|---|---|
| 0 0 0 |
5.c) EXPENDITURE ON GOVERNANCE
| 5.c) EXPENDITURE ON GOVERNANCE | |
|---|---|
| Accountancy Fees | Unrestricted Funds Restricted Funds Total 31 Mar 23 £ £ £ 0 0 0 |
| 0 0 0 |
6. INVESTMENTS
The CIO held no investments during this financial period.
7. DEBTORS AND PREPAYMENTS
| Sundry Debtors Gift Aid Tax Recoverable |
Unrestricted Funds Restricted Funds Total 31 Mar 23 £ £ £ 0 0 0 0 0 0 |
|---|---|
| 0 0 0 |
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Accountancy Fees 2022/23 | Unrestricted Funds Restricted Funds Total 31 Mar 23 £ £ £ 144 0 144 |
|---|---|
| 144 0 144 |
9. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR
The CIO held no long-term liabilities during this financial period.
10. STAFF COSTS, PAYMENTS TO TRUSTEES AND KEY MANAGEMENT PERSONNEL
The CIO did not employ any staff during this financial period.
No payments were made to trustees, or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee, or any person connected with them.
No remuneration or other benefits were paid to key management personnel.
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