CHARITY REGISTRATION NUMBER: 1186196
Redcar Baptist Church Unaudited Financial Statements
31 December 2023
TREMAINE
Chartered accountants 19 Tremaine Close Hartlepool TS27 3LE
Redcar Baptist Church
Financial Statements
Year ended 31 December 2023
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 9 |
| Statement of financial activities | 10 |
| Statement of financial position | 11 |
| Notes to the financial statements | 12 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 23 |
Redcar Baptist Church
Trustees' Annual Report
Year ended 31 December 2023
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2023.
| Reference and administrative | details | |
|---|---|---|
| Registered charity name | Redcar Baptist Church | |
| Charity registration number | 1186196 | |
| Principal office | Redcar Baptist Church | |
| Park Avenue | ||
| Redcar | ||
| TS10 3LJ | ||
| The trustees | ||
| E Gibson | ||
| C Riches | ||
| M Hubbard | ||
| S Hubbard | ||
| V Rushin-Chape | (Appointed 6 December 2023) | |
| P O'Neill | (Appointed 6 December 2023) | |
| L Wanstall | (Appointed 6 December 2023) | |
| J P Searle | (Appointed 1 January 2023) | |
| Company secretary | C Riches | |
| Independent examiner | Julie Todd Tremaine Chartered | Certified Accountant |
| 19 Tremaine Close | ||
| Hartlepool | ||
| TS27 3LE |
1
Redcar Baptist Church
Trustees' Annual Report (continued)
Year ended 31 December 2023
Structure, governance and management
The organisation is an unincorporated charity registered with the Charity Commission of England and Wales on 6 November 2019.
The charity is governed by its constitution adopted on 9 December 2018 as amended on 31 March 2021 and 23 November 2021. The constitution sets out the aims and objectives of the charity.
The charity did not operate as a church during the period from its registration on 6 November 2019 to 3 March 2021. Its Trustees agreed with the charity "(Trust property held in connection with) Park Avenue Baptist 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 served the community as East Cleveland Baptist Church and this charity took on the role from that date with the name Redcar Baptist Church.
The Church is a member of the Baptist Union of Great Britain and Northern Baptist Association.
Governance arrangements
The Church Members' Meeting shall appoint Charity Trustees to be responsible for the governance of the Church and where there is a Minister that person is a Charity Trustee because of their role and responsibilities.
The appointment of Charity Trustees shall be undertaken by processes that are public, clear and open so that all Church Members are enabled to consider prayerfully who should be appointed as Charity Trustees. The process shall ensure that notice is given of any forthcoming election so that Church Members may freely nominate prospective Charity Trustees whose names shall be submitted (after they have indicated a willingness to be appointed) for decision to the Church Members with the intention of of ensuring that those appointed have a sufficient level of support from them.
2
Redcar Baptist Church
Trustees' Annual Report (continued)
Year ended 31 December 2023
Objectives and activities
Our Vision
Changing the Story, Bringing Hope and Transforming Lives
We are a Jesus-following community here to change the story of church decline in our area.
We aim to do this by running projects that tackle isolation and poverty, running a social enterprise coffee shop, operating a suite of community benefiting courses and clubs and hosting a poverty alleviating community grocery.
Missional - We understand that we live in a setting where the vast majority of people don't know Jesus. As such, we will adopt the posture, thinking, behaviours and practices of mission in order to engage others with the Good News of Jesus Christ.
Biblical - We believe the Bible to be inspired written Word of God and seek to live according to the truth of Scripture.
Spirit-led - We welcome the presence of the Holy Spirit, following his leading and honouring him in all we do.
Worship - We will deliberately seek to bring the glory and honour that God deserves through our creative worship and the many gifts and talents that come about from being made in the image of God.
Prayer - Without God we can do nothing. We believe in the power of prayer and will nurture our relationship with him through personal and corporate prayer.
Community - Our church community is made up of people from all walks of life. We love that, and want everyone to know that they have inherent value as children of God. As a community we need to rely upon one another, be 'real' with one another, and commit to meeting together regularly for mutual encouragement and growth.
Equipping - We believe a special calling to develop the character and capabilities of believers in order to equip them to act as the hands and feet of Jesus in our day to day life.
High Accountability, Low control - We believe in a God of freedom who wants to equip people to serve him according to how he has made them. We also believe that the things we do, and the heart with which we do them matter to God. Because of this we want to be accountable of one another for the things we do and say in all areas of our lives.
Generous - God is abundantly generous to us, we want to be abundantly generous to others in terms of our attitudes and heart, but also with our time and resources.
3
Redcar Baptist Church
Trustees' Annual Report (continued)
Year ended 31 December 2023
Objectives and activities (continued)
In fulfilling the Purpose, Redcar Baptist Church will engage in a range of Activities either on its own or with others that will vary from time to time with Activities being initiated, expanded, or closed, as appropriate.
The Activities may include but are not restricted to:
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regular public worship, prayer, Bible study, preaching and teaching;
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baptism, as defined in the Union's Declaration of Principle;
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the Communion of the Lord's Supper which shall normally be observed at least once a month;
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evangelism and mission, locally, regionally, nationally and internationally;
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the teaching, encouragement, welcome and inclusion of young people;
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nurture and growth of Christian disciples;
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education and training for Christian and community service;
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giving and encouraging pastoral care;
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supporting and encouraging charitable social action in the United Kingdom and abroad;
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encouraging relationships with and supporting Baptists and other Christians.
Not withstanding the appointment of persons to accept responsibility for any of the Activities all individuals, organisations, groups, and committees operating within the life of the Church, and their leaders, shall be accountable to the Charity Trustees and also through any specific direction of the Church Members' Meeting.
4
Trustees' Annual Report (continued)
Redcar Baptist Church
Year ended 31 December 2023
Achievements and performance
We are delighted to report to you the various activities that have been going on throughout Redcar Baptist Church over the last year and hope that you enjoy reading about all that has been achieved.
This report is a great opportunity to look back and thank God for all that he has enabled us as a Church to do during 2023 and provides a chance to look forward to what we hope to do during 2024.
Overview
Redcar Baptist Church has existed in the town for 95 years. During the Covid pandemic we took on a new lease of life with the express mission of changing the story of deprivation in our town, bringing hope and transforming lives by alleviating the symptoms and tackling the root causes of poverty. Redcar has a disproportionately high number of wards that sit in the bottom 10% for deprivation in the UK. Redcar Baptist Church building sits across the road from one of these and is well placed act as a hub of support.
Universal human needs are the needs of food and warmth. It is for this reason that we opened up the church building Mon - Friday 9:30am - 4:30pm week in week out (as well as several evenings) to act as a hub of support.
As part of this we partnered with The Message Trust to open Redcar Community Grocery in April 2021, where for an annual membership fee of £5 members can come up to 5 times a week to fill their baskets with £25-£30 worth of fresh produce for just £5 each shop.
We're all about moving people from vulnerability to greater independence, so every member is also given access to a range of courses and clubs designed to meet the felt needs of the community, be it needs relating to isolation & mental health or education & empowerment.
Examples of courses/clubs we have run include: CV writing; job club; English as a second language; Money Management & budgeting; Souper Mondays Warm Space; Community Needlecraft; Mental Health First Aid; Bereavement Journey; Asylum Drop in…. the list really does go on and on.
To embed sustainability, a welcoming atmosphere, to encourage community building and to create a format for moving people into employment we began Common Ground Coffee Shop (July 2021) in the building too. This affordable but artisan coffee shop operates a pay it forward system for those who can't afford food or drink, provides free soup for our warm space and training opportunities for job seekers. It has become a place that tackles isolation, improves community cohesion and mental health and acts as a warm space and melting pot for the most vulnerable in our community to access the wider support we offer through our courses and clubs.
Our target group is defined by the need we see on the ground and so we tend to focus projects on unmet need.
5
Redcar Baptist Church
Trustees' Annual Report (continued)
Year ended 31 December 2023
Achievements and performance (continued)
Common Ground
It has been incredible to see Common Ground Coffee Shop go from strength to strength this year. The manager and assistant manager have done a fantastic job of growing the Coffee Shop's volunteer team, offering a place of training for those seeking employment, a second chance for those in need of one or simply a sense of comradery for those who feel isolated or who want to 'give back'.
Common Ground exists as a 'place for all' and as the melting pot for community where all can gather to relax and meet new people, as well as connecting in with the various courses and clubs that we offer to meet the felt needs of our community. During the year, the Common Ground has hosted various events, fun days, and social activities to benefit resident of the town.
Here's the story of how Common Ground has made a difference to one of our volunteers, Nadia (name changed):
When Nadia first came into our space through Common Ground, she was looking for employment to support her family. Nadia's limited English made it difficult to secure work and so she decided to take up the opportunity to become part of the Common Ground volunteer team. After over a year of volunteering, Nadia has become a highly valued member of our team and an incredibly skilled barista. Her confidence and fluency in English has grown significantly and because of this hands on experience she has recently found paid work as a barista within a local business. Common Ground has opened up opportunity and training that has directly influenced Nadia's ability to gain employment and support her family. Not only has the direct input of Common Ground being able to influence her employability prospects but It has also acted as a place of safety, security and growth giving her space to learn, make friends and become a part of the community.
These stories aren't uncommon, which is why we're so excited for Common Ground's ongoing development.
Community Grocery
It is amazing to think that the grocery has supported 2280 households in Redcar since opening in April 2021. During 2023, the Grocery continued to provide fresh, affordable food to an average of around 48 families every day, Monday to Friday 9:30am-4:30pm.
We are so thankful to 'Fareshare' and other food suppliers and donors who provide daily food donations to ensure that the Grocery can continue to support families with a sustainable and affordable way to combat the cost-of-living crisis and ensure that there is food on the table. As well as having had a positive impact on the wellbeing of our customers, the environmental benefit of the grocery is not to be overlooked with the prevention of around 7.38 tonnes of perfectly edible food being saved from ending up in landfill each month. But it's about more even, than food. The synergy of the draw to struggling families of the Grocery combined with the welcoming environment of Common Ground has enabled us to connect people in with a whole of wrap around courses and clubs to empower, support and ease the effects of poverty in its many forms. Some examples of these include Community Needlecraft; Mental Health First Aid; Bereavement Journey; Asylum Drop; Community Choir. The list goes on.
6
Trustees' Annual Report (continued)
Redcar Baptist Church
Year ended 31 December 2023
Achievements and performance (continued)
Asylum Seeker and Refugee Support
During 2023, our support for those seeking asylum in the UK has grown. Building on an existing relationship with 'MAP' (Methodist Asylum Project) whom we partner with to host a weekly drop in for asylum seekers in the Redcar Baptist Church building, our team has also established weekly English language classes with our two accredited teachers, created volunteer opportunities for asylum seekers in our Coffee Shop and Community Grocery to develop real 'on the job' English language and employability skills that have led to multiple jobs in cafes, restaurants and coffee shops in the town for those who have been granted the right to remain and work in the UK.
We ran a weekly Gardening club in our community garden, provide membership to our Community Grocery where shoppers can receive around £30 of groceries for £5 up to five times per week. We also began a weekly football session too.
We have been thrilled with the work we've undertaken in this area and are excited to see it develop in 2024 and beyond.
Partnership with Redcar United Reformed Church
In 2022 we took the first tentative steps of forming a partnership with the Redcar United Reformed Church on Station Rd. The church was close to closure, and being in a prime location to serve as a base for outreach we were excited at what could be done to breathe fresh life into the building which is sited in an area of high deprivation. February of 2023 saw some major breakthroughs in this endeavour. Redcar Baptist relocated its Sunday service to the building, opened a weekly Food Bank and Warm Space Drop in through the Winter Months through the support of our Eden team.
The future was looking bright until in October of 2023 the building was forced to close due to significant issues in the building. Not to be dismayed, we worked tirelessly alongside our partners at the United Reformed Church and Northern Synod to source funds to make the necessary repairs. We are pleased to report that works are well under way and that we will be able to resume use of the building in the early part of 2024.
Financial review
Total reserves of the charity as at 31 December 2023 amount to £148,747, of which unrestricted free reserves (i.e. those not tied up in Fixed Assets) amount to £148,747.
Offerings have been higher than the Budget set. We had 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 from a number of individuals and organisations.
The Trustees would like to take the opportunity to thank the church family for their continued financial support over this period.
Reserves Policy and Risk Management
It is the policy of the charity to maintain unrestricted funds which are the free reserves of the charity, at a level which equates to approximately three months unrestricted expenditure. This provides sufficient funds to cover management and administration support costs and to respond to emergencies.
The trustees actively review the major risks the charity face on a regular basis and believe that maintaining our free reserves at the levels stated above, will provide sufficient resources in the event of adverse conditions.
7
Trustees' Annual Report (continued)
Redcar Baptist Church
Year ended 31 December 2023
The trustees' annual report was approved on 18 June 2024 and signed on behalf of the board of trustees by:
E Gibson C Riches Treasurer Trustee
8
Redcar Baptist Church
Independent Examiner's Report to the Trustees of Redcar Baptist Church
Year ended 31 December 2023
I report to the trustees on my examination of the financial statements of Redcar Baptist Church ('the charity') for the year ended 31 December 2023.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried 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 145(5)(b) of the Act.
Independent examiner's 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:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the applicable requirements concerning 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 examination.
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.
Julie Todd Tremaine Chartered Certified Accountant Independent Examiner
19 Tremaine Close Hartlepool TS27 3LE
9
Redcar Baptist Church
Statement of Financial Activities
Year ended 31 December 2023
| 2023 | 2023 | 2022 | ||
|---|---|---|---|---|
| Unrestricted | Restated | |||
| funds | Total funds | Total funds | ||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 4 | 131,115 | 131,115 | 133,776 |
| Charitable activities | 5 | 100,328 | 100,328 | 64,574 |
| Other trading activities | 6 | 7,048 | 7,048 | 5,417 |
| Investment income | 7 | 7,844 | 7,844 | 6,791 |
|
|
|
||
| Total income | 246,335 | 246,335 | 210,558 | |
|
|
|
||
| Expenditure | ||||
| Expenditure on charitable activities | 8 | 220,352 | 220,352 | 163,020 |
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|
|
||
| Total expenditure | 220,352 | 220,352 | 163,020 | |
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||
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||
| Net income and net movement in funds | 25,983 | 25,983 | 47,538 | |
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||
| Reconciliation of funds | ||||
| Total funds brought forward | 122,804 | 122,804 | 75,266 | |
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||
| Total funds carried forward | 148,787 | 148,787 | 122,804 | |
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|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 12 to 21 form part of these financial statements.
10
Redcar Baptist Church
Statement of Financial Position
31 December 2023
| Restated | |||
|---|---|---|---|
| 2023 | 2022 | ||
| Note | £ | £ | |
| Current assets | |||
| Debtors | 13 | 5,451 | 14,424 |
| Cash at bank and in hand | 144,645 | 109,202 | |
|
|
||
| 150,096 | 123,626 | ||
| Creditors: amounts falling due within one year | 14 | 1,309 | 822 |
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||
| Net current assets | 148,787 | 122,804 | |
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||
| Total assets less current liabilities | 148,787 | 122,804 | |
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| Net assets | 148,787 | 122,804 | |
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||
| Funds of the charity | |||
| Unrestricted funds | 148,787 | 122,804 | |
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||
| Total charity funds | 16 | 148,787 | 122,804 |
|
|
These financial statements were approved by the board of trustees and authorised for issue on 18 June 2024, and are signed on behalf of the board by:
E Gibson Treasurer
C Riches Trustee
The notes on pages 12 to 21 form part of these financial statements.
11
Redcar Baptist Church
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Redcar Baptist Church, Park Avenue, Redcar, TS10 3LJ.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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 (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
As the Gross Income for the year exceeds £250,000, the accounts have to be prepared on an accruals basis rather than the cash-based receipts and payments method used in previous years. By using the accruals accounting method, the accounts include significant year-on-year variations in Gift Aid recovered income, Grants Received income, utilities and insurance costs. As required by the SORP, comparative information for the year ended 31 December 2022 has been restated using the accruals basis.
Grants payable
The Church makes grants to other organisations whose charitable objects compliment its work. They are accounted for when the recipient has been notified of the grant and payment is unconditional.
Support costs
Support costs are those that assist the work of the church but do not directly represent charitable activities and include office costs and governance cost. Where support costs cannot be directly attributed to particular headings they have been allocated to the cost of raising funds and expenditure on charitable activities on a basis consistent with the use of resources. This represents direct expenditure on the governance of the church. Most of the management is carried out without charge by by volunteers. This intangible cost is not included in the Statement of Financial Activities since there is no measurable cost to the volunteers for their service.
Going concern
There are no material uncertainties about the charity's ability to continue.
Fixtures, fittings and equipment
The furniture, fittings and other items of equipment are held on the premises. It is unlikely that anything has significant market value. No asset register is maintained.
12
Redcar Baptist Church
Notes to the Financial Statements (continued)
Year ended 31 December 2023
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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legacy income is recognised when receipt is probable and entitlement is established.
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income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
13
Redcar Baptist Church
Notes to the Financial Statements (continued)
Year ended 31 December 2023
3. Accounting policies (continued)
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
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expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Defined contribution plans
As explained in note 15 the Church participates in the Baptist Pension Scheme, a multi-employer scheme, which is unable to identify the assets and liabilities attributable to the Church. In accordance with FRS102, amounts paid to the Scheme are accounted for as if they were those of a defined contribution scheme.
The Church also participates in the NEST, a defined contribution scheme. Amounts due in respect of such schemes are charged to the Statement of Financial Activities.
4. Donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2023 | Funds | 2022 | |
| £ | £ | £ | £ | |
| Donations | ||||
| Offerings | 70,974 | 70,974 | 49,106 | 49,106 |
| Gift Aid | 9,793 | 9,793 | 11,770 | 11,770 |
| Legacies | ||||
| Legacies | 5,000 | 5,000 | 10,285 | 10,285 |
| Grants | ||||
| Lady Hewley Trust | 35,877 | 35,877 | 35,877 | 35,877 |
| Biffa Award Grant | 1,221 | 1,221 | 26,738 | 26,738 |
| United Reform Church East Cleveland | ||||
| Group | 6,758 | 6,758 | – | – |
| URC Northern Synod | 1,492 | 1,492 | – | – |
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| 131,115 | 131,115 | 133,776 | 133,776 | |
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14
Redcar Baptist Church
Notes to the Financial Statements (continued)
Year ended 31 December 2023
5. Charitable activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2023 | Funds | 2022 | ||
| £ | £ | £ | £ | ||
| Common Ground | 43,514 | 43,514 | 30,891 | 30,891 | |
| First Baptist Church Woodway Texas | 16,502 | 16,502 | – | – | |
| Vardy Foundation | 12,000 | 12,000 | – | – | |
| Eden Network Grant Funding | 8,633 | 8,633 | 31,288 | 31,288 | |
| Northern Baptist Association - Home | |||||
| Mission | 4,500 | 4,500 | – | – | |
| Eden (Additional giving) | 4,386 | 4,386 | – | – | |
| Northern Gas Networks | 2,750 | 2,750 | – | – | |
| Jack Brunton Trust | 2,000 | 2,000 | – | – | |
| Redcar Hydrogen Community Fund | 1,650 | 1,650 | – | – | |
| Other | 4,393 | 4,393 | 2,395 | 2,395 | |
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| 100,328 | 100,328 | 64,574 | 64,574 | ||
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| 6. | Other trading activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2023 | Funds | 2022 | ||
| £ | £ | £ | £ | ||
| Hall Hire | 7,048 | 7,048 | 5,417 | 5,417 | |
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| 7. | Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2023 | Funds | 2022 | ||
| £ | £ | £ | £ | ||
| Bank interest received | 1,244 | 1,244 | 191 | 191 | |
| Rent received | 6,600 | 6,600 | 6,600 | 6,600 | |
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| 7,844 | 7,844 | 6,791 | 6,791 | ||
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| 8. | Expenditure on charitable activities | by activity type | |||
| Activities | |||||
| undertaken | Total funds | Total fund | |||
| directly | 2023 | 2022 | |||
| £ | £ | £ | |||
| Ministry | 102,392 | 102,392 | 55,597 | ||
| Mission | 94,190 | 94,190 | 69,191 | ||
| Establishment | 23,770 | 23,770 | 38,232 | ||
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| 220,352 | 220,352 | 163,020 | |||
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15
Redcar Baptist Church
Notes to the Financial Statements (continued)
Year ended 31 December 2023
9. Analysis of support costs
| Analysis of | |||
|---|---|---|---|
| support costs | Total 2023 | Total 2022 | |
| £ | £ | £ | |
| Operations | 10,652 | 10,652 | 12,110 |
| Admin | 9,351 | 9,351 | 5,174 |
| Finance | 4,109 | 4,109 | – |
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| 24,112 | 24,112 | 17,284 | |
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10. Independent examination fees
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Fees payable to the independent examiner for: | ||
| Independent examination of the financial statements | 200 | – |
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11. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 123,118 | 74,924 |
| Social security costs | 2,745 | 5,023 |
| Employer contributions to pension plans | 7,701 | 3,841 |
| Other costs - council tax, water, telephone | 14,257 | 8,471 |
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| 147,821 | 92,259 | |
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The amount paid to HMRC for Employers NI was reduced by the application of the employment allowance. For Tax year 2023/24 this amount was £5,000; (2022/23 £4,000).
The head count of employees during the year was 9 (2022: 7). The number of employees during the year is analysed as follows:
| the year is analysed as follows: | ||
|---|---|---|
| 2023 | 2022 | |
| No. | No. | |
| Charitable activities | 9 | 7 |
|
|
No employee received employee benefits of more than £60,000 during the year (2022: Nil).
No employee received total emolument in excess of £60,000 during the year.
Key Management Personnel
Total aggregate remuneration paid key management personnel during the year was £79,839; (2022- £38,539).
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Redcar Baptist Church
Notes to the Financial Statements (continued)
Year ended 31 December 2023
12. Trustee remuneration and expenses
The Strategic Minister acts as one of the church's trustees in accordance with e.g. the Trust deed and received remuneration of £26,500 and other benefits in respect of his services as Minister, including the provision of manse accommodation rented by the church from the Minister and his spouse.
The Minister acts as one of the church's trustees in accordance with e.g. the Trust Deed and received remuneration of £26,500 and other benefits in respect of his services as Minister, including the provisison of a housing allowance.
The Trustees were not reimbursed in respect of expenses incurred as Trustees in the current of preceding year.
The Church pays pension contributions for its Ministers to Baptist Ministers Pension Trust Limited, which is a defined contribution scheme, which is not contracted out of the State second pension.
13. Debtors
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Prepayments and accrued income | 5,451 | 14,424 | |
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|
||
| 14. | Creditors: amounts falling due within one year | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Accruals and deferred income | 1,309 | 822 | |
|
|
17
Notes to the Financial Statements (continued)
Redcar Baptist Church
Year ended 31 December 2023
15. Pensions and other post retirement benefits
The Church is a participating employer in the Baptist Pension Scheme ('the Scheme'), which is a separate legal entity administered by the Pension Trustee (Baptist Pension Trust Limited). The assets of the Scheme are held separately from those of the Employer and other participating employers.
The Defined Contribution Plan
From January 2012. pension provision is being made through the Defined Contribution (DC)Plan within the Scheme. In general, members pay 8% of their Pensionable Income and employers pay 6% of members' Pensionable Income into individual pension accounts, which are operated and managed on behalf of the Pension Trustee by Broadstone Corporate Benefits Ltd.
In addition, the employer pays a further 4% of Pensionable Income to cover Death in Service Benefits, administration costs, and an associated insurance policy which provides income protection for Scheme members if they are unable to work due to long-term incapacity.
This income protection policy has been insured by the Baptist Union of Great Britain with Aviva Limited.
The Ministers are eligible to join the Scheme.
The Defined Benefit Plan
On 30 June 2022 the scheme signed an agreement with the insurance company Just Group ("Just") to secure DB Plan members' pension benefits. Just are now providing financial backing for all pensions provided through the scheme's DB Plan and following this transaction, the Scheme no longer has a shortfall. An updated Recovery plan was signed in August 2022 under which recovery contributions from each participating employer in the DB Plan reduced to £1 per month from August 2022.
The Scheme's Trustee and the Baptist Union triggered the wind-up of the DB Plan as at 31 March 2024. The Trustee confirmed two points in an email dated 11 March 2024:
-
The church's commitment as a participating employer in the DB Plan will come to an end once the transfer to Just has been completed in 2025.
-
He is expecting that the existing DB Plan funds will be adequate. However, the recovery contribution will continue at £1 per month as there remains some uncertainty as the final position.
NEST Defined Contribution Plan
Some members of staff, if eligible, are members of NEST, NEST is a workplace pension scheme set up by the government. It is a Defined Contribution Plan. The members contribution is 5% of their qualifying earnings. The Church pays 3%. Most members will only pay 4% of their qualifying earnings as they get tax relief from the government every time they contribute.
Total employer contributions made for the year amount to:
| 2023 | 2022 | |
|---|---|---|
| £ | ||
| Baptist Pension Scheme | 6,727 | 3,123 |
| NEST | 974 | 718 |
|
|
|
| Total | 7,701 | 3,841 |
|
|
18
Redcar Baptist Church
Notes to the Financial Statements (continued)
Year ended 31 December 2023
16. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | |||||
|---|---|---|---|---|---|
| At | |||||
| At 1 January | 31 December | ||||
| 2023 | Income | Expenditure | 2023 | ||
| £ | £ | £ | £ | ||
| General funds | 122,804 | 246,335 | (220,352) | 148,787 | |
|
|
|
|
||
| At | |||||
| At | 1 January | 31 December | |||
| 2022 | Income | Expenditure | 2022 | ||
| £ | £ | £ | £ | ||
| General funds | 75,266 | 210,558 | (163,020) | 122,804 | |
|
|
|
|
||
| Analysis of net assets between funds | |||||
| Unrestricted | Total Funds | ||||
| Funds | 2023 | ||||
| £ | £ | ||||
| Current assets | 150,096 | 150,096 | |||
| Creditors less than 1 year | (1,309) | (1,309) | |||
|
|
||||
| Net assets | 148,787 | 148,787 | |||
|
|
||||
| Unrestricted | Total Funds | ||||
| Funds | 2022 | ||||
| £ | £ | ||||
| Current assets | 123,626 | 123,626 | |||
| Creditors less than 1 year | (822) | (822) | |||
|
|
||||
| Net assets | 122,804 | 122,804 | |||
|
|
||||
| Common ground (analysis) | |||||
| 2023 | 2022 | ||||
| £ | |||||
| Staffing | 20,576 | 8,989 | |||
| Management | 2,422 | 2,367 | |||
| Premises | 3,600 | 3,600 | |||
| Admin/Operational | 608 | 665 | |||
| Resources | 19,235 | 15,670 | |||
|
|
||||
| Total | 46,441 | 31,291 | |||
|
|
17. Analysis of net assets between funds
18. Common ground (analysis)
19
Redcar Baptist Church
Notes to the Financial Statements (continued)
Year ended 31 December 2023
19. Eden (analysis)
| 2023 | 2022 | |
|---|---|---|
| £ | ||
| Team Leader Salary | 27,190 | 25,011 |
| Project Costs | 4,570 | 1,307 |
| Management | 2,604 | 2,496 |
| Admin/Operational | 1,095 | 749 |
| Partnerships contribution to Eden Network | 1,200 | 1,200 |
|
|
|
| Total | 36,659 | 30,763 |
|
|
|
| Grants payable | ||
| 2023 | 2022 | |
| £ | ||
| Northern Baptist Association | 3,015 | 2,850 |
| BMS World Mission | 3,015 | 2,850 |
| The Message | 1,200 | – |
| Other | 287 | 622 |
|
|
|
| Total | 7,517 | 6,322 |
|
|
|
| Bank and cash balances | ||
| 2023 | 2022 | |
| £ | ||
| Cash | 115 | 70 |
| Barclays Current Account | 7,150 | 3,059 |
| Barclays Deposit Account | 125,996 | 75,822 |
| Baptist Union Account | 6,850 | 6,652 |
| Cash (Common Ground) | 3 | 11 |
| Barclays Current Account (Common Ground) | 2,678 | 2,598 |
| Barclays Current Account (Eden) | 559 | 468 |
| Barclays Deposit Account (Eden) | 1,294 | 20,522 |
|
|
|
| Total | 144,645 | 109,202 |
|
|
20. Grants payable
21. Bank and cash balances
22. Assets held for church own use
The church is the beneficial owner (subject to the relevant trusts) of the following assets, the legal title to which is held by the church's custodian trustee, the Baptist Union Corporation Limited:
Church premises for which no valuation is included in the financial statements, but the building is insured at a value of £1,457,564.
The manse for which no valuation is included in the financial statements, but the building is insured at a value of £284,932.
The church also owns fixtures, furniture and equipment with an insured value of £75,615.
20
Notes to the Financial Statements (continued)
Redcar Baptist Church
Year ended 31 December 2023
23. Related parties
The Custodian Trustee of the church is the Baptist Union Corporation Limited, charity number 249635, and which is controlled by the Baptist Union Council. The church is also a member of the Baptist Union of Great Britain, and the Northern Baptist Association.
The church received a grant from the Northern Baptist Association Home Mission Scheme as set out in note 4. The church made a donation to the Northern Baptist Association as set out in note 20. The church also made a donation to the BMS World Mission as set our in note 20.
21
Redcar Baptist Church
Management Information
Year ended 31 December 2023
The following pages do not form part of the financial statements.
22
Redcar Baptist Church
Detailed Statement of Financial Activities
Year ended 31 December 2023
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Offerings | 70,974 | 49,106 |
| Gift Aid | 9,793 | 11,770 |
| Legacies | 5,000 | 10,285 |
| Lady Hewley Trust | 35,877 | 35,877 |
| Biffa Award Grant | 1,221 | 26,738 |
| United Reform Church East Cleveland Group | 6,758 | – |
| URC Northern Synod | 1,492 | – |
|
|
|
| 131,115 | 133,776 | |
|
|
|
| Charitable activities | ||
| Common Ground | 43,514 | 30,891 |
| First Baptist Church Woodway Texas | 16,502 | – |
| Vardy Foundation | 12,000 | – |
| Eden Network Grant Funding | 8,633 | 31,288 |
| Northern Baptist Association - Home Mission | 4,500 | – |
| Eden (Additional giving) | 4,386 | – |
| Northern Gas Networks | 2,750 | – |
| Jack Brunton Trust | 2,000 | – |
| Redcar Hydrogen Community Fund | 1,650 | – |
| Other | 4,393 | 2,395 |
|
|
|
| 100,328 | 64,574 | |
|
|
|
| Other trading activities | ||
| Hall Hire | 7,048 | 5,417 |
|
|
|
| Investment income | ||
| Bank interest received | 1,244 | 191 |
| Rent received | 6,600 | 6,600 |
|
|
|
| 7,844 | 6,791 | |
|
|
|
|
|
|
| Total income | 246,335 | 210,558 |
|
|
23
Redcar Baptist Church
Detailed Statement of Financial Activities (continued)
Year ended 31 December 2023
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Expenditure on charitable activities | ||
| Ministry - Analysis | ||
| Ministry | 71,254 | 30,906 |
| Youth/Children | 3,333 | 1,667 |
| Administration | 24,112 | 17,284 |
| Amount charged to Eden | (2,604) | (2,496) |
| Amount charged to Common Ground | (2,422) | (2,367) |
| Manse | 6,000 | 6,000 |
| Other Ministries | 2,389 | 2,121 |
| Sundries | 318 | 290 |
| BU Pension (Administration) | 12 | 2,192 |
|
|
|
| 102,392 | 55,597 | |
|
|
|
| Mission | ||
| Common Ground (Note 18) | 46,441 | 31,291 |
| Eden (Note 19) | 36,659 | 30,763 |
| Grants payable (Note 20) | 7,517 | 6,322 |
| Mission/Texas Trip | 3,573 | 815 |
|
|
|
| 94,190 | 69,191 | |
|
|
|
| Establishment | ||
| Church Maintenance | 8,289 | 3,800 |
| Refurbishment (Biffa Grant) | 476 | 27,123 |
| Manse maintenance | 3,776 | 70 |
| Church cleaning | 214 | 3,373 |
| Church Insurance & utilities | 11,363 | 7,466 |
| Less amounts charged to Common Ground | (3,600) | (3,600) |
|
|
|
| 23,770 | 38,232 | |
|
|
|
|
|
|
| Expenditure on charitable activities | 220,352 |
163,020 |
24