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2020-12-31-accounts

Trustees' Report and End of Year Financial Statements Year Ending December 31st 2020

Temple Baptist Church Trustees Report 2020 (Registered Charity 1182495)

1 STATUTORY INFORMATION

1.1 REGISTERED ADDRESS

Temple Baptist Church Cottage Gelliwastad Road Pontypridd CF37 2BP

Charity Registration Number 1182495

1.2 MANAGING TRUSTEES

1.3 BANKERS

HSBC UK (Branch ID: HBUKGB4149L)

1.4 INDEPENDENT EXAMINER

Samuel Chandler 21 Mafeking Road Cardiff CF23 5DQ

Temple Baptist Church Trustees Report 2020 (Registered Charity 1182495)

2 ANNUAL REPORT FOR 2020

The trustees present their Annual Report and financial statements for the year ended 31 December 2020. The financial statements have been prepared in accordance with the accounting policies set out in the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable in the UK and Republic of Ireland published in October 2019.

3 CHARITABLE OBJECTIVES

The Charity is governed by an Approved Governing Document which states that the principal purpose of the charity is the advancement of the Christian faith according to the principles of the Baptist denomination to include the advancement of education and other general charitable purposes in such parts of the United Kingdom and the world as the church shall determine. In particular, the charity has the purpose of providing for the advancement of the Christian faith in Pontypridd and beyond, providing instruction for children, young people and adults in the Christian faith, holding public Christian worship, and having Christian fellowship with other Christians. The church occupies premises which are held by The Baptist Union Corporation Ltd, on Trusts which are entirely compatible with the above object.

- 4 ORGANISATIONAL STRUCTURE AND DECISION MAKING PROCESSES GOVERNANCE

The charity is governed in accordance with a Constitution, a copy of which is available to members of the charity.

4.1 PUBLIC BENEFIT

In planning our activities for the year we have had regard for the Charity Commission's guidance on public benefit at our Trustees’ and Church Meetings (addressing Sections 4 and 17(5) of the Charities Act 2011). In achieving the aims and objectives as set out in this report, the Trustees consider that the charity is fulfilling its requirement to deliver a public benefit. This is particularly shown by: -

Temple Baptist Church Trustees Report 2020 (Registered Charity 1182495)

4.2 MEMBERSHIP

Members are admitted in accordance with the provisions of the Constitution on the basis of their profession of Christian faith, by Believers’ Baptism. This year we have witnessed a number of baptisms and now have a membership of 68. The list of members is reviewed as part of our annual Membership covenant Sunday. Members are encouraged to assist the work of the church by volunteering to help in various activities of the church.

4.3 TRUSTEES

The managing Trustees of the charity are those who form the Leadership Team (appointed by the Church Meeting for an unspecified period), the Church Secretary and Treasurer and between five and seven elders and deacons (appointed by the Church Meeting for a period of three years). The Trustees meet at least nine times per year to review operations, the financial position and any developments to ensure the Church’s objectives are being fulfilled.

4.4 CHURCH MEETING

A meeting of Church members is held 3-4 times per year. One of the meetings incorporates the constitutional Annual Church Members Meeting (AGM) to receive the annual accounts and to consider the strategy and vision of the church in the coming year, along with other appropriate matters. At the AGM the gift profile for the following year is also discussed and agreed. Note that during the Covid-19 restrictions Church Members Meetings were held electronically for the purpose of strategy and budget approval. Most votes were by on-line polling. Relevant matters may be submitted to the Church Meeting by the Trustees for guidance, or may be raised by members in a Church Meeting for further consideration by the Trustees

4.5 DATA PROTECTION

A Data Protection policy and procedures are in place to support our compliance with the General Data Protection Regulations (GDPR). This includes privacy notices and consent forms with on-line tools being used as much as possible for easier operation

5 OBJECTIVES AND ACTIVITIES

5.1 CORE ACTIVITIES

In order to achieve the principal objective which is set out above, the church provides a variety of activities both to its membership and to the public community. The aim is to show the love of Jesus Christ in both word and deed and to bring people into a closer relationship with Him as living Lord.

Temple Baptist Church Trustees Report 2020 (Registered Charity 1182495)

5.2 CHARITABLE GIVING

The Church seeks to give at least 10% of its regular sources of income to other Christian charities. Our ‘top tier’ organisations are:

A full list of the charities that we have supported during this period is contained in Section 7 of the financial statements.

5.3 SAFEGUARDING CHILDREN AND VULNERABLE ADULTS

The Church operates systems to ensure that all church members working with children, young people and vulnerable adults are appropriately vetted with regard to the DBS system. Arrangements are in place for all such people to receive suitable training for their roles in the Church.

Temple Baptist Church Trustees Report 2020 (Registered Charity 1182495)

5.4 USE OF PREMISES

Many Church led activities take place in our Church buildings. The buildings are also used by a range of community groups:

5.5 HEALTH AND SAFETY

The Church, mindful that the trustees bear full responsibility for this aspect of the life and work of the church ensures that relevant health and safety training is provided for employees and volunteer leaders of most church groups.

Food hygiene advice is also available to those involved in preparing food for consumption on the Church premises.

6 ACHIEVEMENTS AND PERFORMANCE

The Church does not measure the success of its programmes primarily in numbers, including financial numbers, but in less tangible areas like fellowship and encouragement. The Trustees recognise that these are difficult to measure, but believe that the year covered by this report was again a positive one in the life of the Church, despite the challenges faced by the Covid-19 pandemic.

The church fellowship was also able to play an active part in bringing relief and support to local people whose homes were impacted by the devastating floods that hit Pontypridd in February 2020.

The Trustees acknowledge that the work of the Church is highly dependent on members and volunteers who provide voluntary service in many areas. These include:

Temple Baptist Church Trustees Report 2020 (Registered Charity 1182495)

6.1 MAINTENANCE AND UPGRADE OF THE PREMISES

The actions from the last quinquennial review in 2019 are still being planned into the maintenance schedule. Routine day-to-day maintenance of the Church buildings was supplemented by some oneoff projects e.g. replacement of the main video projector.

During the year, improvements have been made to the church building including a new floor and wall lining to part of the church office building (Gelliwastad Cottage) and new concrete paving to the rear entrance and boiler room yard.

Major work is carried out by commercial contractors, with volunteers carrying out several minor tasks, contributing many hours of work. The Church premises are secured by external dusk to dawn lighting and CCTV.

7 FINANCIAL REVIEW

7.1 FINANCIAL POLICIES

The Church has established systems to properly receive monies in and to control expenditure in accordance with the Constitution and the directions of the Trustees and Church Meeting. Budgeted resources are controlled to match anticipated income based upon previous years and expected changes. The Treasurer is always a Trustee

The Church Meeting is responsible for approving the gift profile and other budget lines for the coming year. The annual church accounts are prepared by the Treasurer and independently examined by external, qualified accountants. They are then reviewed by the Trustees prior to the Church Meeting.

Reserves Policy Expenditure is controlled to match anticipated income based on annual budgets, with some allowance to build up reserves as prudent provision for known upcoming major expenses.

Taking into account Temple Baptist Church’s Trustees Report 2019-2020 the Church’s current financial position, its annual income, its financial oversight, the potential for loss of key income and the need for adequate cash flow, it is considered that the current minimum reserve level of £40,000 is appropriate.

Temple Baptist Church Trustees Report 2020 (Registered Charity 1182495)

7.2 GENERAL FUND

All freely available reserves are held in the General Fund. The Trustees monitor the level of reserves and will address any shortfall or make proposals to the Church Meeting in respect of any accumulated surplus to meet the Church’s objectives. The reserves also represent the working balance of the Church particularly given the claiming of Gift Aid in arrears.

7.3 RESTRICTED FUND

Monies are held in Restricted Funds where an appeal or a donor restricts their use, for instance to support the work of a particular organisation within or outside the church.

7.4 DESIGNATED FUND

Some monies have been designated for particular purposes, and have not been included in the calculation of reserves as they are considered essential to support the running of the Church. As well as holdings for internal organisations, the main Designated Fund is the Building Fund.

Our Church buildings are both over 100 years old and so we maintain a building fund for ongoing maintenance and modernisation. Some big items of work, such as repairing roofs and brick work are expensive and reserves are being built up for these. The Trustees are also actively exploring grant funding to help address the expense

7.5 PRESENTATION CURRENCY

The presentation currency is £ sterling.

Signed following approval by the trustees on 24[th] October 2021

Richard Hallett (Church Secretary)

Date: 24[th] October 2021

Temple Baptist Church Trustees Report 2020 (Registered Charity 1182495)

Temple Baptist Church, Pontypridd

Financial Statements for the year ended 31 December 2020

General Fund - Receipts and Payments Account
Receipts
(2)
Weekly offerings (cash / cheques)
Donations and other income
Income tax recovered
Investment income
Rent and buildings income
Total receipts
Payments
Ministry
(3)
Upkeep of building and operations
(4)
Administration
(5)
Church Groups
(6)
Support for other groups and causes
(7)
Pastor's Fund
Total payments
Net receipts for the year
Cash balance at 1 January
Cash balance at 31 December		 2020
4,526
55,507
3,777
58
5,372
69,238
2020
(32,945)
(23,420)
(5,138)
(986)
(6,598)
(300)
(69,387)
(149)
109,098
108,949		 2019
14,549
49,352
11,703
118
5,159
80,881
2019
(200)
(25,370)
(4,711)
(3,077)
(6,603)
(1,146)
(33,358)
39,774
69,325
109,098		 2019
Designated Building Fund - Receipts and Payments Account
Receipts
2020
Donations and other income
0
Income tax recovered
0
Total receipts
0
Payments
2020
Cottage
(1,630)
Network installation
0
Outdoor lighting
0
Year yard and boiler room
(4,100)
Total payments
(5,730)
Net payments for the year
(5,730)
Cash balance at 1 January
54,723
Cash balance at 31 December
48,993		 2019
1,240
360
1,600
2019
(3,980)
(1,301)
(770)
0
(6,051)
(4,451)
59,175
54,723		 2019

Restricted Funds - Receipts and Payments Account

Receipts in year
(8.1)
Payments in year
(8.2)
Net receipts for the year
Cash balance at 1 January 2020
Cash balance at 31 December 2020		 2020
12,292
(12,603)
(311)
1,812
1,501		 2019
2,212
(400)
1,812
0
1,812		 2019

Statement of Assets and Liabilities

Assets 2020 2019
Bank balances (9) 159,444 165,633
Non-monetary assets (11) See note
Liabilities (10) See note

Notes to the Accounts

1. Purpose of funds

General Fund

The general fund contains the funds of the church to provide for the operation and ongoing activities of the church.

Designated building fund

The designated building fund is an unrestricted fund earmarked by the trustees for the particular purposes of providing resources for the restoration and redevelopment of the main church building purchased in 2006 at Gelliwastad Road, Pontypridd. Trustees may transfer money from these funds to other funds if necessary.

Restricted funds

Restricted funds are funds received for the support of specific organisations or projects which can only be expended for the purpose nominated.

2. General fund receipts

In 2020 the overall level of general fund receipts has fallen £13,531. Though donations and other income have increased, the level of weekly offerings has declined due to the impact of Covid-19 and services not taking place for the majority of 2020. There has also been a reduction in income tax recovered due to delays in claiming gift aid following the transition to a CIO.

3. Ministry
Salaries, national insurance and taxes
Materials
Other
Total		 2020
(31,739)
(94)
(1,113)
(32,945)		 2019
0
0
200
200

In 2019 the only ministry expenses recognised were those for visiting preachers. From 1 January 2020 Temple has employed Peter Roberts as Pastor.

4. Upkeep of building and operations
Cleaning
Insurance
Utilities
Repairs and maintenance
Supplies and catering
Equipment
Total		 2020
(3,059)
(4,379)
(9,048)
(3,015)
(223)
(3,697)
(23,420)		 2019
(2,927)
(4,509)
(9,572)
(8,073)
(290)
0
(25,370)		 2019

In 2020 camera and recording equipment was purchased to enable live streaming of the services throughout the Covid-19 restrictions. As a result of the restrictions, the level of general maintenance work undertaken decreased, but two larger projects were completed and funded from the designated building fund.

5. Administration
Salaries, national insurance and expenses
Printing and stationary
Advertising
Subscriptions
Telephone and broadband
Legal
Other
Total		 2020
0
(31)
(36)
(1,549)
(937)
(1,257)
(1,329)
(5,138)		 2019
(2,763)
(96)
(84)
(854)
(914)
0
0
(4,711)		 2019

Temple stopped employing a paid administrator in 2019. Subscription costs increased as a result of acquiring additional licences for live streaming services and holding church meetings virtually. Legal fees in 2020 relate to the registration of the Graig building with Land Registry. Other costs include the purchase of a laptop and the cost of the independent examination of the 2019 financial statements.

6. Church Groups
Outreach events
Other
Total		 2020
(534)
(452)
(986)		 2019
(1,419)
(1,658)
(3,077)		 2019

As a result of the flooding in early 2020 and then Covid-19, most of our groups not run as usual throughout 2020. as a result the level of expenses for our groups was significantly lower. The main costs were from Christmas unwrapped (2019) and materials for Easter Cracked.

7. Support for other groups and causes
Pontypridd flood support
Tear Fund
PONT
Pontypridd Christian Concern
Open Doors
Baptist Union Home Mission
Pontypridd Christian Youth
Casa Haralui Children's Summer Camp
Other
Total		 2020
(868)
0
(2,530)
(2,400)
0
0
0
(500)
0
(5,430)		 2019
0
(1,750)
0
(2,400)
(1,188)
(304)
(150)
(500)
(311)
(6,603)		 2019

8. Restricted Mission Fund (Second collection)

8.1 Receipts
Pontypridd Flood
Open Doors
Hope Ministries
Tearfund
Foodbank
8.2 Payments
Pontypridd Flood
Open Doors
Hope Ministries
Casa Haralui Children's Summer Camp
Net receipts		 2020
9,132
0
2,110
25
815
12,082
2020
(9,132)
0
(3,470)
0
(12,603)
(521)		 2019
0
726
1,360
126
0
2,212
2019
0
0
0
(400)
(400)
1,812		 2019

Pontypridd flood relates to the monies donated to support those impacted by the floods in early 2020. Open Doors, Hope Ministries, and Tearfund are bodies which we support and collect restricted donations for, although opportunities for this were reduced in 2020 due to the Covid-19 pandemic appeals and donations were raised through our online giving platform.

9. Cash balances
Current account
Deposit account
Total		 31/12/2020
102,609
56,835
159,444		 31/12/2019
108,856
56,777
165,633

10. Liabilities - Payments completed after 31 December 2020

The following two payments were made by cheque and completed after 31 December 2020, and as such do not form part of the accounts above. £1,750 paid to Tearfund and £1,000 paid to Open Doors, clearing the funds built up in the Restricted Mission Fund with the total amounts as per the gift profile.

11. Non-monetary assets:

The church is beneficial owner (subject to the relevant trusts ) of the following assets, the legal title to which is held by the holding trustees:

(a) Held for investment purposes:

A domestic residence at 33 Woodland Terrace, Maesycoed, Pontypridd. This was bequeathed to the church in 2007 and valued at £100,000. The property is let privately to generate income for the church.

(b) Held for Church's own use:

The church is beneficial owner (subject to the relevant trusts ) of the following assets, the legal title to which is held by the holding trustees:

1) The original Church premises at Llantrisant Rd, Graig, Pontypridd. The build cost in 1891 was £1.418. The land and buildings constitute an expendable permanent endowment, and would return to the Baptist Union of Great Britain should the church cease to operate.

The insured value of the premises is £921,387. The building continues to be used by the church as a community church building.

2) The main church building at Gelliwastad Road, Pontypridd. This was purchased in 2006 at a cost of £82,500. Again the land and buildings constitute an expendable permanent endowment, and would return to the Baptist Union of Great Britain should the church cease to operate. Because the building is Grade 2 listed and is restricted to use as a church, actual cost was considerably less than the rebuild insured value of the building of £4,091,394.

The church also owns fixtures, furniture and equipment with an insured value of £159,046.

The accounts and statement of assets and liabilities relating to the year ending 31st December 2020 are as approved by the trustees.

Signed:

Jonathan Saunders (Treasurer)

Date: 10/10/2021

Independent examinerfs report to the trustee5 of Temple Baptlst Churth, Pontypridd I report to the trustees on my examination of the accounts of Temple Baptist Church, Pontypridd Ithe Trust) for the year ended 31 December 2020. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'the Act'l. I report in respect of my examination of the Trusvs accounts carried out under section 145 of the 2011 Act and in carryin8 Out my examination I have followed all the applicable Directions given by the Charity Commission under section 145151{bl of the Act. Independent examinerfs statement 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.. l. accounting records were not kept in respect of the Trust as required by section 130 of the Act: or 2. the accounts do not accord with those records. 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. Signed: Samuel Chandler ACA 14 October 2021