Redcar Baptist Church Charlty number: 1186196 Flnanclal Statements for the year ended 31 December 2021 Redcar Baptist Church Financial Statements for the year ended 31 December 2021 General Receipts and Payments Account Notes 2021 Receipts Offerings and donation Gift aid Grant income Hire of premises Manse Common Ground Eden Interest Other income 36,384 6,569 20.525 2,432 4,744 11,835 100 19 4,072 Total Recelpts Payments Ministry Youthlchildren's work Administration Premises costs Impact Giving Other Ministries Common Ground BU Pension Deficit Manse Eden Sundries 23,224 385 4,520 11,509 2,564 3,755 1,219 10,274 2,771 4,500 20,001 (8) Total Payments Surplus of receipts over payments 1,966 Transfer from East Cleveland Baptist Church on 1 April 2021 73,300 Bank accounts and cash at 31 December 75,266 Redcar Baptist Church Financial Statements for the year onded 31 December 2021 Statement of Assets and Llabilitles at 31 December 2021 Notes 2021 Cash Funds as at 31 Decamber Cash Barclays Current Account Barclays Deposit Account Bapllst Unlon Account Cash (Common Ground} Barclays Current Account (Common Ground) Barclays Current Account (Eden) Barclays Deposit A¢¢ount (Edenl 127 3,139 41,992 6,550 3.006 463 19,987 75,266 Represented by Cash funds as at t Janu8ry Transfer from East Cleveland Baptist Church on l April 2021 Cash Barclays Current Account Barclays Deposit Account Baptisl Union Account Barclays Deposit Account {Eden) 70 2,072 44,798 6,536 19,824 *rti 73,300 Surplus of receipts over paym8nts 1,966 75,266 Approved at a meeting of the Redcar Baptisl Church's Leadership Team on 15 February 2022 which authorised the following trustees to sign on their behalf: Mr Jonny ges Church Secretary Mrs Elizabeth Gibson Treasurer Redcar Baptist Church Financial Statements for the year ended 31 December 2021 . ¥%fJn Notes to the Financlal Ststements Transfer from East Cleveland Baptist Church The charity did not operate as a church during the period from its registration on 6 November 2019 to 31 March 2021. Its trustees agreed with the charity "{Trust property held in connection with) Park Avenue Baptisl Church, Redcar" to acquire the operating activities. assets and liabilities of the latter on 1 April 2021. Prior to that date. the latter charity had seNed the commLJnity as East Cleveland Baptist Church and this charity look on the role from that date with the name Redcar Baptist Church. Accountlng pollcles Basls of tha flnancial statements The financial statements of Redcar Baptist Church have been prepared in accordance wlth section 133 of the Charities Aci 2011 using the Receipts and Payment basis. Flxtures, flttlngs and equlpment The furniture. flttings and other items of equipment are held on the premises. It IS unlikely that anythlng has significant market value. No asset ￿gIster is maintained. Grant Incomo 2021 Eden Network Grant Funding All Churches Trust Allan Lane Foundation 12,525 4,500 3,500 Total 20,525 Premlses costs 2021 Church maintenance Manse maintenan Church cleaning Church insurance and utilities 4.136 728 1,334 5,311 Total 11,509 Redcar Baptist Church Flnanclal Statements for the year ended 31 December 2021 Notes to the Financial Statements (continued) Assets held for the church's own use The church is the beneficial owner (subjed to the relevanl trusts) of the followlng assets, the legal title to which is held by the church's custodian trustee, the Baplist Union Corporation Limited.. Church premises for which no valuation is included in the financial statements, but the building is insured at a value of £1,239,162. The manse for which no valuation is included in the financial stataments, but the building is insured at a value of £230,041. The church also owns fixtures, furniture and equipment with an insured value of £64,285. Contlngent Ilabilities Baptist Unlon Pension Fund The fund has a large deficit of which the church's share is £64,500 as at 20 November 202112020 - £85,000). There is no requirement to pay this sum in the short term. Redcar Baptist Church Financial Statements for the year ended 31 December 2021 Independent Examiner's Report to the Trustees and Members of Redcar Baptlst Church I report on the financial statements of the Redcar Baptist Church for the year ended 31 December 2021 set out on pages 1 to 4. Respectlve Responslblllties of trustees and examiner The church's trustees are responsible for the preparation of th8 financial statements. They consider that an audit is not required for this year under seGtion 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to.. examine the accounts under seclion 145 of the Charities Act to follow the procedures laid down in the Directions given by the Charity Commission under section 145(5}{b} of the Charities Act.. and lo state whether particular matters have come to my attention. Basls of Independent examlner's report My examination was carried out in accordance with the Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with Ihose records. It also includes consideralion of any unusual items or disclosLsres in the financial statements and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and subsequently no opinion is given as to whether the accounts present a 'true and falr, vlew and the report Is limlted to those matters set out In the statement below. Independent Examiner's Statement l am satisfied that the General Receipts and Payments Account discloses money received and expended by Redcar Baptist Church and that the Slatemenl ofAssets and Liabilities and the Notes to the Financial Statements present the financial position of the church to the degree required by the Charities Act. I have come across no matters of con￿rn in ¢onnectSon with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Jonathan Thompson Dale l Manor Farm Place Great Smeaton Northallerton DL6 2HP Redcar Baptist Church Financial Statements for the year ended 31 December 2021 Report on Flnancial Management for year 2021 Introduction As a result of not being able to upload our current constitution to our charity registration, it became necessary to re-register as a charity and as a result receive a new charity number. In changing the Church's name earlier this year from East Clevaland Baptist Church to Redcar Baptist Church a number of other things were also required to be don8 e.g new payroll registration. The Church's operating activities, assets and liabilities were transferred from the old registration to the new registration on 1 April 2021. This will allow us to close the old registration with Charity Commission in 2022 and operate through the new registration using our current constitution. As accounts for 2021 are required by the Charity Commission for both registrations, we will be approving two sets of accounts at the AGM wSth the General Receipts and Payments Account split before and after the transfer. The General Receipts and Payments Account and the Stat8ment of Assets and Liabilities summarise the finances for the year and disclose the financial position at the end of December. A deficit budget was set and approved by the Church Business Mealing in December 2020. Monthly reports were received by Ihe leadership team which enabled them to monitor performance against budget and to consider any significant variances from budget and the reasons for them. Revlew of the Finances Based on the combined General Receipts and Payments Account, the principal points to be made are as follows.. Offerings have been hlgher than Ihe Budget set. We have been thankful for members increasing their giving and for some to start giving for the first time. We have also received a number of one off donations this year. Thank you. A Giving Sunday was held on 31 January 2021 where members met Pastor Kapil and his wife Lily from Pokhofa in Nepal ov8r'Zoom' and were encouraged to give to the Abundant Life Farm Project. Pastor Kapil and his wife Lily are known to few members of RBC who regularly raise money and visit Nepal and have known them a number of ye8rs. After being approached by 'The Message Trust, members agreed to partner with them to host a Communlty Grocery in the building. This was launched in April and has been a great way to meets the needs of people in the community. The project is run by The Message. The Eden Project was also launched in April following the appointment of an Eden Team Leader in March. As per the partnership agreement with Eden Network a grant of £25,050 has been received from Eden Network. There is also a responsibility for RedGar Baptist Church to raise additional funding each year. The following Grants have also been received this year. £3,500 from Allan Lane Redcar Baptist Church Financial Statements for the year ended 31 December 2021 Foundation and £4,500 from All Churches Trust. As the Project hasn't completed its first year as at 31 December a proporlion of the money received will cary forward into 2022. With Covid restrictions gradually lifted during the year we were able to hire out the building again, which brought in much needed additional income. The Common Ground Coffee Shop was also re opened in July following transformation of the middleton room with help financially from 'The Message Trust,. UtilitieslPremises - Additional use in the buildlng highlighted a problem with our electricity supply causing th8 power to trip. On calling in an electrician to do an electriGity overhaul a number of things needed to be put in place at a cost of £2,325. A big hil lo the churches budget. The roof is also in need of repair and the deposit for work to start next year has been processed. Reserves Pollcy The reserves pollcy of Redcar Baptist Church is to hold three months of all expenditure to allow the church to adapt to any changes in the financial position of the church. The Trustees currently believe this amount to b8 £22,680 compared to £51,801 in free cash reserves held at 31 December 2021. The Truslees would like to take the opportunity to thank the church famlly for thelr continued financial support over this period. The Trustees of Redcar Baptist Church 115 February 2021)