ort of the Trustees and Financial Statements for the ear ended 31 December 2023 for Brownhill Road Ba t15t Church
Brownhill Road Baptist Church Contents Page Charity Information Report of the Trust&es Independent Examinerfs Report Receipts and Payments Account ststernent of Assets and Liabilities Notes to the Financial Statements
Brownhill Road Baptist Church Le al and Admlnislrative Infomiation Register¢d Charity Address 292 Brownhill Road Cafford London SE6 1AU Registgred Charity Number 1185320 Charity Trustees Revd Armend Qehaja (Chair) Peter Blundell Sharon Brown Andrew Grimwade (Treasurer) Hui Min LangrÉdge Herma Lewis John T S Mung Sena Olabisi Noel Pinnock Emelda Small (to 31 December 20231 (from 1 January 2024) (from 1 January 2024) Custodian Trustee (Property) London Baptist Property Board Limited Unit C2, 15 Dock Street London E18JN Bankers CAF Bank Ltd 25 Kings Hill Avenue Kings Hill Vvest Malling, Kent ME19 4JQ Independgnt Examiner A J Bennewilh FCA, FCPA, FFA, FFTA, FIPA, DChA. FRSA 18 Famham Road Guildford Surrey GU14XA Page 1
Brownhill Road Baptist Church Re ort è Trustees ended 31 Decembèr 2023 for thè The TnJgtees present their report wllh the financlal statsments for the year end8d 31 December 2023 Referonce & Admlnlstration I gènèral informatlon lating to Brownhill Road Baptist Church can be found on pag8 1. Financlal Ravipw The results forthe year are as set out in the ann8xèd Receipts and Payments Account Structur&, Govemanre. & Managèmènt -The charity is controlled by the Trustees. The presertt Charitsble In¢orpordted Organtsation ICIOI was registered by The Charity Commission in SEPtember 2019, Ch8rity number 1185320. The assets, liabilities and actNities of thè Chureh were transferred from the fom)er uninwrporated charty with effect from 26 Jung 2020. -Thè Trustees consider th8t there are SLrfficiènt reserves to tnaintsin our regular actTrrities. R¢furbishment work is being furKled from resèrvès, together wlh a loan facility from the Custodian trusteg. Pt)tential risks have b¢on co)nsidered and tskèn into account in planning for thè fLrture. - Truste&s serde for a temi of not more than threo years land may be -#[ected) and arè glvan training on appointtnenL Objectives & ActÉvttie The aims of the ¢h8Nty are summed up in thè church's mission staternenl-. lo pracbse and promote thè worship of Gr, to be a loving Christian community and to spread the Christian gospel in the locality and, through our support of plhers, the widerworld. All tsur activities follow from thesè three 8ims. A¢hievemÈnts & Performance During thè yearthe Ghurch received regular income suffioenl to Intain ts minty aclwlties In the community, and to fu1 our responsibilities for the upkeep of our premlses. We also recelved further donations towards improving our buildings. Further rèfurbishment work to the ar part of our buildings was ctsmpleted during the year. We continued thè project to support our local community by providing a Friendship space, now M&ld Iw monthly on Thursdays, with a variety of actwities such as frtness sessions, Craft work and mu8ic. In August our Friendship Space and Bring me Sunshine hDSted a joint multi-cultural community event wth organ and guitar music. poems and song, fd and fun. In October anolherjoint ev8nt lebrated Black History Month. wth music from organ. steel band. règgae and quadrille dancing. and induding 8 Caribbean cultural meal. Also in October we again held a coffeè moming. raising £515 for Macmil]an's Cancer Support. In March wè hosted friends from Joeal ¢hurches for a worfd day of prayer servic8. Activities wth children have continued on Sundays and the Monday club night. A n&w group, Faith Hub, brings togÈthÈr tèènagers and young adults in study and action. Regular evening gatherings for study and pmyer have continued on Zoom. Growng Path, the nursery that use5 one Df our halls, has been able to mainl8in its Wcprk throughout the year. We contribut&d to a variety of outside causes (listed in note 7 to thè fin8n¢ial statements). Plans for Future In the future the church plans to ntinue, under God's guldance, to seek to further its aims, espèclally the spiritual and numerical growth of our Christian community. Wo a hoping to continue to build on what wé havé begun in our refurbished building in 2022-23, wth charity and sodal events. We 11 continue lo welcome ancl support our Ioc81 community, and exploring new ways of fulfilling our mlssion objective. Wè also 8Ém Clver lime to cornplete the refurbishmènt of the interior of our bulldings and its exlomal access., 2 loan facil(ty has beerb agreed wth our custodian tnjstèe, London Baptist Property Board. whi¢h will be used as neèdèd along with our own resources. Paytr 2
Brownhill Road Baptist Church Re ort of the Trustsgs continu Statement of Trustees. Responslbllities for the year endèd 31 December 2023 Charity law requires the Twstees to prepare in respect of each accounting period of the charity a statement of accounts complying with such requir8merrts as lo its form and content as may be prescribed by regulations made by the Secretary of Slate. In preparing those financial statements, the trustees are required to= select suitable accountlng policies and then apply them ¢onsistenlW. - observe methods and principles in the Charity SORP., make judgements and eslimates that are reasonable and pnjdenl., prepare the firjancial statements on the going concem basis unless it is inappropriate to presume that the charlty will continue to operate. The Trustees are responslble for keeping proper accounting records which disclose wth reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements compw with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the twst deed. They are also responsible for safeguarding the assets of the harity and hence for taking reasonable steps for the prevention and detection of fraud and oth8r irregularities. On Behalf of the Managing Trustees: Andrew Grimwade Trustee Dated= May 8. 2024 Paga 3
Brownhill Road Baptlst Church Inde endent Examin8r5 Re Brownhill Road Ba ort to the Trustees of tist Church I report to th8 trustees on my examinatlon of the accounts of Brownhill Road Baptist Church (the Charity} for the year ended 31 December 2023, which are sgt out on pages five to nlne. Responsibllities and basis of report As the charity trustees of the Charity you are responsible for the preparation of the accounts in aGcordar)ce with the requirements of the Charities Act 2011 {"the Act.). I reFK)rt in respect of my examination of the Charivs accounts caThied 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 14515} (b) of the 2011 Act. Independent examlnerfs statement I have completed my examination. I cctnfirm that no material matters have come to my attentlon in connection wth the examination giving me cause to believe that in any tnaterial respect= accounting records were not kept in respect of the Charty as required by section 130 of the Act- or ' the accounts do not aord with those records,. or the accounts do not comply with the applicable requirements wncerning 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 axamination. I have no conc&ms and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to er)able a proper understanding of the (Lounts to be reached. AJ Bennewith FCA, FCPA, FFA, FIPA, DChA, FRSA 3 Wey Court Mary Road Guildford Surrey GU14QU Date Page 4
Brownhlll Road Baptist Ghurch ReceÉ forthÈ tsandP ent& ¢¢ount ear ended 31 Doc8rnber 23 Totsl Funds 2023 Totsl Fund5 2022 Unrestricte Funds Designated Funds Resthcted Funds Recèipts Voluntsry resourcss= Gift [&[Pts Small donation$ Other donauons and sundry ceIpts Legath$s Tax refunds Giving specified for otherc8uses 45,861 9,013 1,119 30 8,535 480 2,50Q S2.426 9.493 3.819 63,848 7,240 16567 2,893 8,625 19,460 8,625 16,10g 9,831 72,560 20 21.033 93.623 104.988 Actiwtie5 for g8nerating funds.. LicencesJdonation5 fDr use of church premisÈs Rents from letting ¢hurch property 15,520 15520 25,080 40.600 10,021 25,080 35.101 25.080 25,080 15.520 Investrnent Inrne.. Deposit interest 2,913 2,913 894 Totsl CeIpts 90.993 25,110 21,033 137,136 140,963 Payments Donations fDr other causes Other grants Mintsty Upkèep of church pr8mtsÈs and contents Mainfenanc6 of church propèrtias General ehur¢h expens8S 2,045 1,759 41.058 19,859 8,625 10.870 2,559 41710 99.970 12,071 4,839 11,412 1,590 36,3TT 82.415 5.905 3.607 800 1,652 60,449 19,8V2 12,071 4,839 Total paymènts 69,360 32.733 70,726 1T2,819 141,306 Net rÈcÈiptsllpaymentsl 21,633 17,K231 149,693) 135,6831 13431 Tran$fers bètween funds 125,0001 123,7661 48,766 BaJan¢es broughtforward 55,836 64.075 4.481 124,392 124.735 Balances carried forward £ 52,469 32,686 £3,554 88,709 124.392 Page 5
Brownhill Road Baptist Ghurch Statement of Assets and Liabllltles as at 31 Decembèr 2023 Unrestricted Funds Rttslricted Funds Total 31-De¢-23 Total 31-Dec-22 Monetaryassets: London Baptist Propety Board depost CAF Bank a(Lounts 56,341 29,1D7 56.341 37,573 54,217 59,503 8,466 85,448 8,466 93,914 113.720 Other assets Tax reclaim due from HMRC 16.109 Liabilities Specified donations to be paid away Held for Thursday Aflemoon Fellowship 4,912 4,912 293 5,144 293 293 Net assets £85,155 £3,554 £88,709 £124.392 Funds: Unrestricted funds Dèsignatèd funds Restricted funds 52,489 32,886 3,554 55,836 64.07S 4,481 £88,709 £124.392 Approved by the Managing Trustees on 8 May 2024 and signed on their b8haff by= Andrew Gdmwade Treasurer Pagè 6
Brownhill Road Baptist Church Notes formin for thè art of thè Financlal Statements ear ended 31 December 2023 countin olicies Accountrng convèntl¢n The financial statements of the charity have been prepared in accordan¢È with the Charities Act 2011. The accounts have beèn prepad under the historical cost convention using the Reoeipts and Paymènts basis applirable to sm811 charities. Income and exp•nditurè recognition Voluntary income is received in cash by way ol donations and is included when rèceived. Rèclaimed Tax is included Dncè the Claim has been submitted lo HM Revenue & Customs. Items of expenditure ar8 included when paid. Funds Rèstricted funds: represent al income from trusts whKh may be expended only on those restricted objècts provided in the teTms Df the trLJSt or bequest. and bl donations Cewed or requestèd frjr a specrfi¢ poSe. The funds may only be spent on the specific purpose for which they were gi¥en, and balances unspent each year musl be carriecl forNard. Unrestricted lunds.. are general funds whiGh can be us&d fr)r the Ofdinary purposes of thè shurch. Deslgnatèd funds- are sums sèt aside out Df gEnerEI funds for speeffic designated purposes. They can be transfeTrcd back to unrestricted funds at any time. Flxed assets Th& church building ancl other trust properties are vèstècf in the London Baptist Propety Board, and form no part of the assets of thè church charity. Moveable church contents have value onty in the context of churGh lrfe and ar@ not valued. Expendtture incurr6cI on the church premises, the manse and their contents is written off when incurred. Value Added Tax The charity is not registered for VAT and all costs are inclusive of VAT. Page 7
Brownhlll Road Baptlst Church unds salance brought ft)Thvard Receipts Payments TransFÈT5 8alanc8 carried fowdrd Unrestricted funds General account Legacy account Total DFsign)ted funds Bentrvolenl F8bric 36,656 20,180 55.836 90,3 68,304 1.056 125,0001 33.345 79.124 90.993 25.000 2,470 61.605 64.075 30 25.080 Boo 1,700 30,986 23.766 Total Restricted funds Building upgrade Garden project Grwing spÈcyfed for other cau5e5 Pastorate Sludents Sunday School Total 32,733 11,625 461 8,625 322 60,391 58 8.625 1,652 48,766 2,772 3,175 1,330 271 108 4,461 271 108 3,554 21,033 70.726 48,766 Totsl fvnds £ 124,392 £ 137,136 £ 172,819 88,709 DÈsiynatEd funds.. the 8enwolentfund rppresÈnts Money availBble for th& neÈd& of indwiduals at the ministers th8erètion. The Fabric fund repr88ents tnOn£y sel asid8 for mainbnance of thÈ church building8 and other propÈrUÈs. Restricted funds: the Buik(ing upgrade fund holds sp8cific donations for planned work to improve the ¢hurch buildings, which commented in 2020 and continues. Cetsin Sp8¢1 ¢0515 have bn covered from lègaoes, and a transf&r from Fabric fund h85 eliminated th& oulstandin9 deficit at thÈ pQFting date. The Garden prop¢t has developed the Church frontagè a5 2 community gardèn. p&rt funded by loc*1 cJ)mmunty lunds. It will be used to renew thE garden after buildin9 works are complete. The Pastoratè fund was a grft sèt aside for speclal pastorate costs, and latttrrfy u8&d for Revd Armend Qehaj3'5 continuing ministerfal d&velopment. ThB Student5 fund represents ghls to hÈlp our yourKJ people Thith th8ir skndies. The Sunday School fund réprèsents fiJrd8 formerty administe by a Sundèy School ¢ommittee and now being used for ¢hildrens work. uildin susedb th8cha- As slatèd in note 1, legal ownership of the church buildings and other ptt>pertles re81s th the London EaptEt Propety Board Limited as custodian trustÈÈ. The charity is rÈspDn5ibl$ for insurance and maintenance. end thè propÈrties are insured Congregation81 & Gener81 Insurancè pl¢. The church buildings ?nd contènts are in5urÈd for £8,199,000. The two hous@s at 65 Callander Road SE6 and 44 8r0aeld Road SF6. which arè re$pertively used as a manso and tÈn8nl8d a8 trust propèty, are in5urgd foF£383,000 and £429,DOO. Tntstee5' e ense$ and remuneratlon No expense paymènts werÈ mad¢ lo t$ fortheir seNires durlng th& year. nor was any remuneration P8id to 8ny of the trustees. A stipènd was paid lo R8vd Artnend Qehaja in rÈ&pÈet of hrs role as a Baptist mlnistsr. Six tru$toes or th8ir related parties w8re reimbursed for amounts pald on behslf of Ihe Church. Relatsd artie5 The charity 18 controlled by th8 trusteas. Ponslons Church 1$ an employer partiFip8ting in 8 perlon SGheme known as the Baptist P8n8ion Schom8 IYh8 Stmè.1. The Scheme is a saparate legal &ntitywhlch is administered by the PenSlDn Trustee (Baptist Pension Trust knmitedl. The Miftu8tsr is a mèmbèr of the Sche. Since January 2012, p8nslon provlslon has been made thmugh the D8fined Contributb?n IDCI Plan within thè Schetne. In generdl. rnemb&rs pay 8% of their Pensionable Income and ÈmptDyÈts pay of membets, P8nsionable Income into individua pénsion awounts, which dre operat8d and rnanag8d on behalf Df Pension TtU5tee by Legal and Genèral Lrfe Assura[e Society Limitsd. In addthon, the gmployÈr pays a fvrther4% c>f PensioDabl8 Income to cover Pagè 8
BrownhS11 Ro$d Baptlst Pension eontlnued Death in SeNlcÈ B8nefits, adrlllTh&¥ation $ts. and an assocEated Insuran lICYhh provE5 incorne prtytsctionfor Schemk mÈtnb8rs In th& evèni Ihatthey are unablè to rk due to long-tTr incapatyry. Thb poll¢y been ity5ured by the Baptist Unitsn of Great Brtskn with Avpia. Beneffts in resp2cI of rvice prior to 1 Janua[Y2012a provided lhh the Deflnèd 8enefit IDBI pianwFthlnthp Schème. thè main b&nEn5 for prtr20I2$eryXwerfr a defined llerrt Pknslon In rg8PSCI of each yparof Pensowbl& S2rvltÈ_ The S¢hemewa& cbsÈd to future accrual of defined on 31 Dècgmber2011.11 makes FensiTrn pawnents 10 a rettred rnin&8tsr of the Church andto thewich)w of a forrnèrrnillister. AfC(malvalualn olhp DB Plan wpts pèrformpd Dn 31 D&tÈmber2019 by a professionaiiyquBlfftÈd ActtHry u5ingts Pr4eot¢d Unit Meb1.At the vBlu¥tknn dat&the m8rkÈtvalue of the DB assetsw¥sE300 mlllbn. Whilstthe revel of ass need8d to pay beneffts wa e318rn, givir( a defitril Df£18 mli liOn19qviva12nttO 2 pasl servicè fvDding level of 94%). The Church and the other path&pating empEoyeLS In Ihe DB are colleclfvelyrtrsptsnsthlè forfundinothis defi¢il. HDwever. th& ScPEme Tru$te65 arEtsklw $tsp5 tDfully insuT& Ihè DB Pkn b$Trpffts with an insurancg company. and expectts complete thi% FKDcess 2024. The ChLYch ¢ontrlbution in respe¢1 of the DB scWtE defiol was rÈdts¢d to £1 per monthfrom Atsgusl 2022, and will retnain at at level unffi the bJy-DUt process has advan(%d Sum&Yto removethp rtsk Dffurth8r liabl1je. Aslhrp a rge Thwberof conlrfbuung Omploye ID the Sch¢m8. th6 Church Is Thab to Idenlty hs $1]are ofthè underlying assets and Ilabilitiès of the SLe. Accor9, du2 toth8 nature ofthe S¢herne. the chargfr incle In ThtyL¥)S forthe p¢rf r6pr6sÈThtsthe emp1oyprcontrltiQn$ payable.. th2 IDtal pÈt]sion CDStforthe Chwch In 2023 w¥$£3,92312022£5,4441. DoTrAtto r othèr cau&es ddon Ttstsi 2023 Tatgl 2022 SpÈcitied Frtsm funds 8MS VIDrfd SsroA HDme Mission SpurgÈon* College 3,102 2,065 225 1.1W2 19B 1,122 3,300 3.187 3,490 2,731 450 1.18D 400 1.192 400 30D 7T5 277 214 100 475 London City Mi551on London NrAmbuLpnre Burrn8 CDmpassion Kosova support Reft¥e IL$wi3h8ml EYangelicBI Mlan¢ LeIshaM Foodbank HaramDec IKenyal Hollness Church lJ£mah>l St Chhstothert5 400 300 775 27T 214 95D T23 238 loo 229 100 475 326 323 ID.870 11.412 General G nses 2022 TeathTrg rnatgriaLs tralNng Prinlho, posrage and statbnery Telephone and intsrnel WDrship resources & rnugi PUbl1tstya website BeTrkiw, accountanryarKI thdepe[ent ugrdnatTon fee Subscriptions Evènts ano r&trhrrnts 135 1,447 4T1 1,321 441 i.oBo 283 498 269 175 4.839 3.607 Pqgè