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2024-03-31-accounts

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2024

BOGNOR REGIS BAPTIST CHURCH

CHARITY REGISTRATION No: 1179247

Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF

1

BOGNOR REGIS BAPTIST CHURCH

CONTENTS
Page 3 Legal and Administrative Information
Page 4 to 7 Trustees Report
Pages 8 Independent Examiner's Report to the Trustees
Page 9 Statement of Financial Activities
Page 10 Balance Sheet
Pages 11 to 22 Notes to the Financial Statements

2

BOGNOR REGIS BAPTIST CHURCH

LEGAL AND ADMINISTRATIVE INFORMATION

CHARITY NUMBER 1179247

LEGAL STATUS

Charitable Incorporated Charity (CIO)

GOVERNING INSTRUMENT Constitution adopted 8th May 2018 START OF FINANCIAL PERIOD 1st October 2023 END OF FINANCIAL PERIOD 31 March 2024 TRUSTEES AT END OF FINANCIAL PERIOD J. Passmore J. Fredricks A. Williams J. Lex S. Bolton D. Clark D. Lacey K.Doherty (appointed 27.4.23)

CUSTODIAN TRUSTEES The Baptist Union Corporation Ltd Baptist House PO Box 44 129 Broadway Didcot Oxfordshire OX11 8RT REGISTERED ADDRESS 73 Victoria Drive Bognor Regis West Sussex PO21 2TD PRIMARY BANKERS Barclays Bank Plc Bognor Regis Branch PO Box 54 74-75 East Street Chichester West Sussex PO19 1HT

INDEPENDENT EXAMINER

K Gomes Independent Examiners Ltd Unit 2,The Broadfields Business Centre Delling Lane Bosham PO18 8NF

3

THE BOGNOR REGIS BAPTIST CHURCH TRUSTEES REPORT FOR THE PERIOD 01 April 2023 – 31 March 2024

OBJECTS

The primary aims of the Church are to fulfil the role of a Christian Church in the Bognor Regis area and to provide help to others in promoting the Christian faith in the United Kingdom and overseas.

THE CHURCH: ITS AIMS AND OBJECTIVES

The Church is not a building, but a body; we are a group of people of different ages and backgrounds who acknowledge and love Jesus Christ as our Lord and Saviour and who are committed to following Him and supporting each other to grow in and outwardly express our Christian faith. Everyone in the Church has an equal part to play in the achievement of its aims and objectives. The Bognor Regis Baptist Church (widely known as the Shore Community Church), its pastors, leaders and members are committed to the principles of Church as illustrated in the New Testament, by serving one another in the local and the wider community.

The church’s mission is to build credibility by being ‘an undeniable force for good’ in our neighbourhood, society and wider community.

Whilst the church does employ staff it is the work of every member of the church, whether employed or not, that will make the difference in the church achieving its objectives. This is done in ‘being salt and light’ wherever we can; by praying, by visiting the sick and others in need, by encouraging and building up each other, by mentoring and discipling other members of the body, in public teaching and worship, and also in administration. The financial resources of the church, to a very large extent, are given by the members and their private assets and equipment are regularly used in the work of the church. Much of this work is done privately, without recognition, and the hours and value of that time cannot be quantified.

Structure, Governance and Management

Bognor Regis Baptist Church is a member of the Baptist Union of Great Britain. Baptist Churches are self-governing and self-supporting but believe in associating with other like minded churches - and so the churches come together in regional, national and international spheres to promote and support the fellowship of Christians. During the year gifts have been made to help the objectives which can best be done on a larger scale than the Bognor Regis Baptist Church, as a Church, could do independently.

Bognor Baptist Church is managed by its Trustees acting on behalf of the Church in accordance with decisions reached by the Church Meeting which meets at least three times per year. The Trustees normally meet monthly and comprise the Senior Minister, Associate Minister (until Jan 2023) and the trustees. The Church Meeting provides an opportunity for all the members to meet for a time of worship, discussion about the direction of the church, its vision & mission and key decisions about such matters. All members of the Church are encouraged to attend these meetings.

Directions relating to the charitable trust are made by the trustees, who are responsible for governing the life and teaching of the church. Day to day decisions on expenditure and activities are decided by the staff in charge of different areas of the church, with budgets set by the Finance and Business (FAB) team and agreed by Trustees before putting to the members at a church meeting. Budgets are monitored by the Trustees and, where appropriate, by the management committee of the sub groups. The church offers an open invitation for potential Trustees to attend an “Exploring Leadership” course. The course offers an opportunity to explore an individual’s calling, vision and role that they would have as a Trustee. In agreement with the existing Trustees, if a potential Trustee is identified, the membership of the church is asked to pray about the appointment before voting at a Church meeting. Trustees usually serve for a maximum period of 6 years before taking a three month sabbatical to give both the trustees and the Church the opportunity to discern whether the trustee should be reappointed. On being appointed new trustees spend time with the existing trustees to ensure they understand their responsibilities and the legal and financial framework in which the church operates.

4

OBJECTIVES AND ACHIEVEMENTS

During the period, we spent time focusing on the church’s vision, mission, values and strategy which are detailed below:Our Vision:

As a church our vision is:

Our Mission

Our Values

Our Strategy

On 30 September 2023 we transferred to Charitable Incorporated Organisation Status which has strengthened our governance further.

5

The Haven

The church’s wider Wellbeing Project, known as ‘The Haven’ began in June 2021 through the launch of the Wellbeing Café – the physical hub of the project. This continues to open two days a week, and is a welcoming, warm, and safe place for people to come and just ‘be’. We have developed/welcomed several wellbeing-focussed groups connected to the café, either taking place within it (such as a ‘Knit and Natter’ group) or groups that use other rooms in the church and come along to the café after (a table tennis group and a Bridge group).

Here are some quotes from people who have benefited from the project - “Just to say thank you so much for all you have done this last year in running the Haven space and for all your generosity. I know I speak for others two in saying we are very grateful.

“To all the volunteers who have shown me such kindness and patience since my first visit in March. You have no idea what a difference my Friday mornings have made to my confidence and self-esteem .... they have changed an isolated, withdrawn old lady into one who feels ready to face the world”

“I've been so anxious. Being here today has really helped.”

We are expanding our work to create a wellbeing space in our community garden to the side of church where we have obtained some funding to develop the space. This will be used for outdoor wellbeing activities.

Holiday Club

During the first week of the summer holidays, we had our Holiday Club which attracted up to 60 children a day. The theme this year was ‘Treasure Island’ and we have had positive feedback with 100% of parents saying that they would recommend the club to others. One family said -

"Hello all, Just wanted to say a huge, thank you for this week. Girls had an amazing time. They loved every second of it. They gained new experiences, tried new things, and met new proper friends. Every single day they couldn't wait to come back. They were so excited.

Kids wouldn't have so much fun if everyone of you wasn't there. There was so much planning, preparation, effort, and time given.

The atmosphere when we came in was beyond amazing, so welcoming, helpful and so friendly everyone and each of you. Thank you so much from the bottom of our hearts."

Plans for the future

The whole church will seek to live out our vision and pursue our goals, seeking to put the love of God on display by working towards the wellbeing of our community. This will principally be expressed under the banner of The Haven: We will seek to maintain the existing groups and relationships that we have established, as well as pioneering new activities that promote the mental, emotional, material and spiritual wellbeing of our community. The café provides a safe space to allow the community to connect with each other and provide support for people who are experiencing social isolation. The Renew Wellbeing meetings will expand with another session, continuing to maintain their core values (Being present, being prayerful and being in partnership).

The church will continue its mission support in the areas of Romania, China and wherever the Lord directs.

We seek to develop our youth work including outreach youth work in the community. A key strategic goal will be identifying further funds to develop our Youth staff team. We see a real need to support young people who are suffering from mental health issues post covid, and this is a key priority area for us.

We will continue developing our buildings to be of greater utility both to the church and the wider community. This includes a large roof repair and building repair / redecoration project.

RELATED PARTIES

Jamie Fredricks as minister is paid a salary as stated in the attached accounts.

Jon Lex is a trustee of the Ron Hellyer Foundation. Donations to the Foundation have been made by the church: The amount of support was determined by the wider body of trustees (in consultation with the FAB team) and was not favoured over any other charities.

6

FINANCIAL REVIEW

The principal source of funding continues to come from tithes, offerings, donations and Gift Aid receipts. The general income received during this period has been similar to the previous periods and as expected in the budget.

We have a very stable long-term giving profile meaning that cash flow can easily be managed with two months running reserves. This is usually the case in church settings where members give a self fixed amount based on their individual income. With a well diversified group of members the risk of sudden income changes from any particular giver is a well distributed risk in the group.

To hold higher levels of unnecessary reserves would be a poor use of working capital and adversely affect our ability to carry out community work.

If ever we needed to raise money for an unexpected and urgent support need. We would generate an appeal to our members.

GRANT MAKING POLICY

The Church budgeted to set aside some of its donated income to give away to external organisations and individuals. These are considered by the Trustees on the basis of need and fulfilment of the charitable objectives.

RISK MANAGEMENT

All major insurable risks are subject to normal Church and employers’ insurance. Contractual risks are reviewed before being entered into to assess that they could not significantly impact upon the Church’s ability to fulfil its objectives. An annual review of all areas of risk is undertaken by the Trustees in conjunction with staff and volunteers responsible for the area of activity. The operational risk register is discussed at bi-monthly Trustee meetings.

The Church is now fully compliant with the GDPR regulations and will continue to review and update its policies and procedures.

STATEMENT OF TRUSTEES RESPONSIBILITIES

Charity law requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the Charity and of the profit and loss of the Charity for that period. In preparing these accounts, the trustees are required to: -

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the accounts comply with the Charities Acts. 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. The trustees confirm that the accounts comply with current statutory requirements and those of the Ch arity’s trust deed.

Approved by the Trustees on:

14th June 2024

and signed: on its behalf by: Jonathan Lex - Trustee and Church Treasurer

7

INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS

I report to the charity trustees on my examination of the accounts Bognor Regis Baptist Church for the period to 31 March 2024 set out on pages 9 to 22.

Respective responsibilities of trustees and examiner

As the charity’s Trustees of Bognor Regis Baptist Church (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of Bognor Regis Baptist Church are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Respective responsibilities of Trustees and examiner

Independent examiner's statement

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:

  1. accounting records were not kept in respect of Bognor Regis Baptist Church as required by section 386 of the 2006 Act; or

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

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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.

K Gomes MAAT FCIE Independent Examiners Ltd Unit 2,The Broadfields Business Centre Delling Lane Bosham PO18 8NF

Signed

Date: 14.6.24

8

BOGNOR REGIS BAPTIST CHURCH

STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD TO 31 MARCH 2024

Notes
INCOMING RESOURCES
Incoming Resources from Generated Funds
Donations & Legacies
3a
Charitable Activities
3b
Activities for Generating Funds
3c
Investment Income
3d
TOTAL INCOMING RESOURCES
RESOURCES EXPENDED
Cost of Generating Funds
Costs of Charitable Activities
4a
Governance Costs
4b
TOTAL RESOURCES EXPENDED
NET INCOMING/(OUTGOING)
Transfers Between Funds
Net Movement of Funds
RECONCILIATION OF FUNDS
Total Funds Brought Forward
Transfer from Unincorporated Church
TOTAL FUNDS CARRIED FORWARD
Funds Adjustments from Unincorporated
Church Reversals		 6 Months
General
Restricted
Designated
TOTAL
Funds
Funds
Funds
31/03/2024
£
£
£
£
67,528
41,225
4,070
112,823
1,344
-
953
2,297
16,028
-
80,163
96,192
359
-
4
362
85,259
41,225
85,190
211,674
107,336
24,423
53,925
185,684
4,650
309
606
5,565
111,986
24,732
54,531
191,249
26,726
-
16,493
30,659
20,425
10,589
1,659
-
8,930
-
-
16,137
-
14,834
21,729
20,425
-
-
-
-
343,185
9,035
50,926
403,146
11,005
-
8
-
11,013
-
316,042
23,861
83,668
423,571

The notes on pages 11 to 22 form part of these financial statements.

9

BOGNOR REGIS BAPTIST CHURCH

BALANCE SHEET AS AT 31st MARCH 2024

Note
Fixed Assets
Tangible Assets
2
Investments
9
Current Assets
Debtors & Prepayments
11
Cash at Bank and in Hand
10
Total Current Assets
Creditors:Amounts due within one year
12
NET CURRENT ASSETS
TOTAL ASSETSless current liabilities
Long Term Liabilities
13
NET ASSETS
Funds of the Charity
General Funds
Designated Funds
7
Restricted Funds
8
TOTAL FUNDS		 6 Months
General
Restricted
Total
Funds
Funds
31-Mar-24
£
£
£
301,224
-
301,224
-
-
-
301,224
-
301,224
2,509
-
2,509
110,532
23,861
134,393
113,041
23,861
136,902
6,555
-
6,555
106,486
23,861
130,346
407,709
23,861
431,571
8,000
-
8,000
399,710
23,861
423,571
316,042
-
316,042
83,668
-
83,668
-
23,861
23,861
399,710
23,861
423,571

14th June 2024 Approved by the Trustees on,……………………………………………………………………………………………………… Signed on their behalf by Trustee, …………………………………………………………………………………………………… Print Name: Jonathan Lex- Trustee and Church Treasurer

10

BOGNOR REGIS BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD TO 31 MARCH 2024

1. ACCOUNTING POLICIES

Basis of Preparation & Assessment of Going Concern

Basis of Preparation

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011.

The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.

Incoming Resources

Recognition of Incoming Resources

These are included in the Statement of Financial Activities (SOFA) when:

▪ the charity becomes entitled to the resources;

▪ the trustees are virtually certain they will receive the resources; and

▪ the monetary value can be measured with sufficient reliability

Incoming Resources with Related Expenditure

Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA.

Grants and Donations

Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.

Tax Reclaims on Donations and Gifts

Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.

Contractual Income and Performance Related Grants

This is only included in the SOFA once the related goods or services has been delivered.

Gifts in Kind

Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.

Donated Services and Facilities

These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.

Volunteer Help

The value of any voluntary help received is not included in the accounts but is described in the trustees' annual report.

Investment Income

This is included in the accounts when receivable.

Investment Gains and Losses

This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.

11

BOGNOR REGIS BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE PERIOD TO 31 MARCH 2024

1. ACCOUNTING POLICIES (Continued)

Expenditure and Liabilities

Liability Recognition

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

Governance Costs

Include costs of the preparation and examination of statutory accounts, the costs of the trustees' meetings and cost of any legal advice to trustees on governance or constitutional matters.

Grants with Performance Conditions

Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.

Grants Payable without Performance Conditions

These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.

Grants Payable

The Church makes grants to other organisations whose charitable objects complement its work. They are accounted for in the year in which they become payable.

Support Costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of the resources, e.g. allocating property costs by floor areas, or per capital, staff costs by the time spent and other costs by their usage.

Fixed Assets

Tangible fixed assets for use by the charity, these are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt.

Investments

Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value.

Restricted Funds

Restricted funds are to be used for specified purposes as required by the donor. Expenditure which meets these criteria is allocated to the relevant fund. Income derived from these funds is retained within the funds concerned.

Unrestricted Funds

Designated funds are unrestricted funds which the trustees have designated to be used for a specific purpose.

Pensions

The church operates a defined benefit scheme for the benefit of the church minister and administrator. The contributions made into the scheme are accounted for as they are paid.

Change of Accounting Policies and Rules and Methods of Valuation.

There has been no change to the accounting policies (valuation rules and methods of accounting) since last year.

Depreciation Expense

Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied per annum are as follows:

Building Improvements Furniture & Fittings General Equipment

5% - Straight Line Basis

10% - Straight Line Basis 25% - Straight Line Basis

12

BOGNOR REGIS BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE PERIOD TO 31 MARCH 2024

2. TANGIBLE FIXED ASSETS

Transfer of Assets
Cost
01-Oct-23
Additions
Disposal
Cost at
31-Mar-24
Transfer of Assets
Depreciation
01-Oct-23
Charge
Disposal
Depreciation at
31-Mar-24
Net Book Value
31-Mar-24
Net Book Value
30-Sep-23		 6 Months
Kitchen
Buildings
Furniture &
General
Total
Equipment Improvements
Fittings
Equipment
31-Mar-24
£
£
£
£
£
1,824
646,743
55,829
51,339
755,735
-
-
6,616
-
6,616
-
-
-
-
-
-
-
-
-
-
1,824
646,743
62,445
51,339
762,351
912
346,283
49,501
49,204
445,900
182
12,947
855
1,242
15,228
-
-
-
-
-
-
-
-
-
-
1,094
359,230
50,356
50,446
461,128
730
287,513
12,089
893
301,224
-
-
-
-
-

The church premises are excluded from the balance sheet because reliable cost information is not available, and valuation would incur significant costs which would be onerous compared to the additional benefit gained by the user of the accounts.

The current Insurance value of the premises is £3.5 million .

The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st March 2024: None

13

BOGNOR REGIS BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE PERIOD TO 31 MARCH 2024

3. INCOMING RESOURCES

Note
a) Donations & Legacies
Gifts & Offerings
Gift Aid Tax Refunds
Donations
The Haven Fund
Welfare Fund
Grant Funding
Community Fund - Garden Grant
Children's Work
Tescos Stronger Starts Grant
Lottery - Cost of Living
b) Charitable Activities
Activities & Events
Refreshment Income
Youth & Children
Miscellaneous
c) Activities for Generating Funds
Premises Lettings - Flat
Premises Lettings - Church Rooms
Session Fees
Haven Café Sales
d) Investment Income
Interest
Total Income		 6 Months
General
Restricted
Designated
TOTAL
Funds
Funds
Funds
31-Mar-24
£
£
£
£
56,530
-
1,000
57,530
10,998
-
249
11,247
2,821
2,821
50
50
-
9,150
-
9,150
-
6,900
-
6,900
-
500
-
500
-
24,625
-
24,625
67,528
41,225
4,070
112,823
531
-
656
1,187
406
-
-
406
150
-
297
447
257
-
-
257
1,344
-
953
2,297
1,166
-
-
1,166
14,862
-
-
14,862
-
-
72,122
72,122
-
-
8,041
8,041
16,028
-
80,163
96,192
359
-
4
362
359
-
4
362
85,259
41,225
85,190
211,674

14

BOGNOR REGIS BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE PERIOD TO 31 MARCH 2024

4. RESOURCES EXPENDED

Note
a) Costs of Charitable Activities
Minister's Salary Costs
16
Minister's Expenses
Ministers - Continual Development Exps
Early Years Leader Salary Costs
16
The Haven Café Manager Salary
16
The Haven Café Manager Expenses
The Haven Operations Manager Salary
16
16
The Haven Café - Food Purchases
The Haven Café - Coffee Machine rental
Treasure Box Salary Costs
Youth Leader Salary
Events & Projects
Grants & Donations
5
Church Service Costs
Depreciation Expense
2
Pulpit Fees
Repairs & Maintenance
Resource Costs
Support Costs
6
Training & Conference Costs
Youth & Children
The Haven Kitchen Supervisors Salary		 6 Months
General
Restricted
Designated
TOTAL
Funds
Funds
Funds
31-Mar-24
£
£
£
£
23,226
-
-
23,226
98
-
-
98
540
540
1,354
2,194
72
3,620
-
2,354
22
2,376
-
-
206
206
-
6,704
498
7,202
-
-
234
234
-
500
4,006
4,506
-
511
630
1,141
-
-
43,557
43,557
421
-
-
421
264
-
495
759
5,018
1,356
345
6,719
221
-
-
221
14,741
-
-
14,741
75
-
-
75
9,165
-
-
9,165
-
463
417
880
51,822
9,350
3,034
64,207
-
991
88
1,079
391
-
321
712
107,336
24,423
53,925
185,684

b) Governance Costs

Insurance Costs
Independent Examiner's Fee
Legal & Professional Fees
Flat Deposit Repayment
Total Expenses		 1,235
309
386
1,930
1,980
-
-
1,980
885
-
220
1,105
550
-
-
550
4,650
309
606
5,565
111,986
24,732
54,531
191,249

15

BOGNOR REGIS BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE PERIOD TO 31 MARCH 2024

5. GRANTS & DONATIONS PAYABLE
Ron Hellyer Foundation
Welfare Fund
The Haven Fund
Giving - Youthworx East Africa
Other Giving
CAP - Christians Against Poverty
SEBA Home Mission
6. SUPPORT COSTS
Administrators Salary Costs
16
Operations Manager Salary Costs
16
Cleaners Salary Costs
16
Cleaner Room Hire Costs
Caretaker Salary
Finance Officer
Adverts & Publicity
Bank Charges
Cleaning Costs, Waste Collections
Computer Software
Depreciation Expense
2
Flat - Repairs & Maintenance
Flat Rates
Gas & Electricity
Internet Fees
Miscellaneous Expenses
Payroll Fees
Pension Deficiency Contributions
Printing & Copying
Refreshments
Repairs & Maintenance - Technical
Stationery & Postage
Subscriptions & Licences
Sundry Equipment / Fixtures & Fittings
Telephone Costs
Water Rates		 6 Months
General
Restricted
Designated
TOTAL
Funds
Funds
Funds
31-Mar-24
£
£
£
£
300
-
-
300
-
1,356
-
1,356
-
-
345
345
1,100
-
-
1,100
1,450
-
-
1,450
1,868
-
-
1,868
300
-
-
300
5,018
1,356
345
6,719
6 Months
General
Restricted
Designated
TOTAL
Funds
Funds
Funds
31-Mar-24
£
£
£
£
5,073
-
-
5,073
8,208
-
-
8,208
2,533
732
-
3,265
1,806
-
-
1,806
204
1,536
-
1,740
3,546
1,008
124
4,678
439
-
-
439
136
125
261
2,284
-
417
2,701
716
-
50
766
486
-
-
486
3,366
-
-
3,366
322
-
-
322
16,059
2,910
-
18,969
772
540
-
1,312
243
24
745
1,012
495
-
79
574
6
-
-
6
301
-
64
365
799
418
441
1,658
210
-
-
210
186
31
62
279
838
150
703
1,691
2,032
1,977
176
4,185
597
24
48
669
165
-
-
165
51,822
9,350
3,034
64,206

16

BOGNOR REGIS BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE PERIOD TO 31 MARCH 2024

7. DESIGNATED FUNDS CURRENT FINANCIAL YEAR

CURRENT FINANCIAL YEAR
Treasure Box Nursery
Christmas Fund
Friday Youth Group
The Haven
Haven Year End Adjs
Childrens Work		 6 Months
Transfer
Balance
Unincorp
Church
Income
Expenditure Fixed Assets
Transfers
31-Mar-24
£
£
£
£
£
£
(10,163)
72,122
(46,332)
-
(5,688)
9,940
-
1,000
(710)
-
(291)
-
273
35
(58)
-
-
250
30,817
12,033
(7,331)
-
(2,040)
33,479
1,012
-
(100)
-
(912)
-
40,000
-
-
-
-
40,000
61,939
85,190
(54,531)
-
(8,930)
83,668

The Designated funds are represented by the Charity's cash reserves and are to be expended as specified above.

8. RESTRICTED FUNDS
CURRENT FINANCIAL YEAR
Welfare Fund
Tescos Stronger Starts Grant
Cost of Living Lottery Grant
Haven Grants
Garden Grant - Community Fund
Children's Work Grant		 Transfer
6 Months
Income
Expenditure Fixed Assets
Transfers
31-Mar-24
£
£
£
£
£
£
3,525
50
(156)
-
-
3,419
-
500
-
-
-
500
-
24,625
(22,966)
-
(1,659)
(0)
5,502
0
(1,610)
-
-
3,892
-
9,150
-
9,150
-
6,900
-
6,900
Unincorp
Church
9,027
41,225
24,732
-
-
1,659
-
23,861

17

BOGNOR REGIS BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE PERIOD TO 31 MARCH 2024

9. INVESTMENTS

The Charity held no investments during this or the previous financial year.

10. CASH AT BANK AND IN HAND

10. CASH AT BANK AND IN HAND
Cash at Bank & in Hand
11. DEBTORS AND PREPAYMENTS
Prepayments
12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
SEBA Loans
Sundry Creditors
Income Accrual - electricity overpayment		 6 Months
General
Restricted
Total
Funds
Funds
31-Mar-24
£
£
£
110,532
23,861
134,393
110,532
23,861
134,393
General
Restricted
Total
Funds
Funds
31-Mar-24
£
£
£
2,509
-
2,509
2,509
-
2,509
General
Restricted
Total
Funds
Funds
31-Mar-24
£
£
£
4,000
-
4,000
2,555
-
2,555
-
-
-
6,555
-
6,555

13. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR

SEBA Loans General
Restricted
Total
Funds
Funds
31-Mar-24
£
£
£
8,000
-
8,000
8,000
-
8,000

18

BOGNOR REGIS BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE PERIOD TO 31 MARCH 2024

14. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Fixed Assets
Net Current Assets
Long Term Liabilities		 6 Months
General
Restricted
Designated
Total
Funds
Funds
Funds
31-Mar-24
£
£
£
£
301,224
-
-
301,224
22,818
23,861
83,668
130,347
8,000
-
-
-
8,000
-
316,042
23,861
83,668
423,571

15. RECONCILAITION OF NET CASH PROVIDED BY OPERATING ACTIVITIES

Net Income(expenditure)
Adjustments for:
Depreciation
Dividends & interest from Investments
Fixed asset additions
Net gains on sale of fixed assets
Decrease in stocks
(Increase)/decrease in debtors
Decrease/(Increase) in creditors
Net cash provided by operating activities
Other gains/(loss		 6 Months
Total
31-Mar-24
£
20,425
15,227
-
-
6,616
-
-
-
20,165
748
49,949

19

BOGNOR REGIS BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE PERIOD TO 31 MARCH 2024

16. STAFF COSTS AND NUMBERS

Gross Wages & Salaries
Employer's National Insurance Costs
Pension Contributions
Total Staff Costs
Charitable Activities
Average number of employees who were engaged in each of the
following activities:		 6 Months
TOTAL
31-Mar-24
£
94,704
6,293
4,410
105,406
TOTAL
31-Mar-24
16
16

The Charity operates a PAYE scheme to pay all employed members of staff and no employees received emoluments in excess of £60,000.

The church pays pension contributions for its Pastor and Associate Minister to the Baptist Ministers Pension Trust Ltd, which is a final salary defined benefit scheme not contracted out of the State second pension, and for its Church Administrator to a Stakeholders Pension.

17. PENSIONS

In the period ended 31st March 2024, the Church paid contributions to the Baptist Ministers' Pension Trust Limited for the Minister

The scheme is a funded defined benefit scheme, not contracted out of the State second pension.

The assets are held in separate trustee administered funds.

Under the definitions set out in Financial Reporting Standard 17 "Retiring Benefits", the Baptist Ministers' Pension Trust Limited is a multi-employer pension scheme.

The Church is unable to identify its share of the underlying assets and liabilities of the scheme.

Accordingly, the Church has accounted for its contributions as if it were a defined contribution scheme.

The church also paid contributions to the Baptist Union Pensions Trust for the Church Administrator, Church Chief of Operations, Nursery Manager and 2 Nursery Staff.

20

BOGNOR REGIS BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE PERIOD TO 31 MARCH 2024

18. PAYMENTS TO TRUSTEES AND OTHER RELATED PARTY TRANSACTIONS

During the financial year (6 months) J. Fredricks received £23,226.24 in salary related payments and £98 in out of pocket expenses in his capacity as Minister of the Bognor Regis Baptist Church in furthering the Charity's objects.

Related Charities

The Church has taken a £40,000 loan from SEBA, to be repaid over 10 years, to enable completion of the extension in furtherance if the Charity's objects.

SEBA Loan
Loan Balance Brought Forward -
Transfer of Loan from Unincorporated Church
Loan Repayments
01-Apr-23
Loan Balance Carried Forward -		 6 Months
TOTAL
31-Mar-24
£
-
14,000
2,000
-
12,000

No other payments were made to trustees or any persons connected with them during this financial period. No other material transaction took place between the organisation and a trustee or any person connected with them.

19. RESERVES POLICY

The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The trustees will endeavour not to set aside funds unnecessarily.

20. PUBLIC BENEFIT

The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity 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 charity should undertake.

21

BOGNOR REGIS BAPTIST CHURCH

TREASURE BOX ACCOUNTS

FOR THE PERIOD TO 31 MARCH 2024

Income
WSCC Free Entitlement
Session Fees
Sundry Income
Total Income
Expenditure
Salaries
Training
Resources
Printing & Photocopying
Postage & Stationery
Finance Officer
Payroll
Cleaning Products & Toiletries
Subscriptions
Insurance
Refreshments
Sundry Equipment
Misc Expenses
Telephone
Computer Software
Total Expenditure
Net Income/(Expenditure)
Transfers between funds - Rent
Total Transfers Between Funds
Transfer from Unincorporated Church
Balance Carried Forward
Represented by
Cash in Bank
Cash in Hand
Prepayments & Accruals		 £
£
68,569
3,554
-
72,122
43,557
88
417
64
42
82
79
216
673
386
441
176
25
36
50
46,332
25,790
5,688
-
5,688
-
10,163
-
9,940
9,745
2
193
9,940
31-Mar-24		 £
£
68,569
3,554
-
72,122
43,557
88
417
64
42
82
79
216
673
386
441
176
25
36
50
46,332
25,790
5,688
-
5,688
-
10,163
-
9,940
9,745
2
193
9,940
31-Mar-24
72,122
25,790
5,688
-
46,332
5,688
-
10,163
-
9,940
9,745
2
193
9,940

22