Charity Registered Number: 1186233
Southside Baptist Church CIO Report and Accounts For the year ended 31 December 2020
Southside Baptist Church CIO Report and Accounts for the year ended 31 December 2020
Contents
| Page | |
|---|---|
| Trustees Report | 3 |
| Statement of Trustees’ Responsibilities | 6 |
| Examiners Report | 7 |
| Summary of Receipts and Payments | 8 |
| Statement of Assets and Liabilities | 9 |
| Notes to the Accounts | 10 |
| Detailed Analysis of Receipts and Payments | 11 |
| Analysis of Funds | 12 |
| Analysis of Grants | 12 |
Page | 2
Southside Baptist Church CIO Report and Accounts for the year ended 31 December 2020
Trustees Report
Name, registered office and constitution of the charity
The full name of the charity Southside Baptist Church Working name Southside Baptist Church Charity registered number 1186233 Charity address 24 Westbrook Road Thornton Heath CR7 8PS
Objectives and activities of the charity
A summary of the objects of the charity as set out in its governing document
The aims Southside Baptist Church
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The advancement of the Christian faith in accordance with the “Basis of Faith”
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Other such charitable purposes that in the opinion of the Trustees shall further the work of the Church
Public benefit that is provided by the charity
The trustees have regard to the Charity Commission guidance on Public Benefit and plan their activities to ensure that they comply with the guidance. Details of how this is achieved are given in the “Summary of the charity’s main activities in relation to its objects”.
Summary of the charity’s main activities in relation to its objects
Southside Baptist Church can look back on 2020 as a year which brought great challenges to the way they operated. Church Services took place regularly until the Government and Local Authority restrictions were introduced due to the Covid-19 pandemic. Church Services were adapted to the Zoom online communications platform.
In addition to the Church Services, Southside Baptist Church has made every effort to provide practical support the needy in the community. This has been done by providing practical help in delivering boxes of food and clothing, organising efforts to help the sick or elderly with garden chores, errands and other tasks.
Page | 3
Southside Baptist Church CIO Report and Accounts for the year ended 31 December 2020
Trustees Report
Structure, governance and management
Nature of “Governing Document” and constitution of the charity
Southside Baptist Church is registered as a Charitable Incorporated Organisation with the Charity Commission. The governing document is the constitution dated 7 November 2019. The trustees meet on a formal basis as often as they deem necessary to fulfil their obligations and ensure the smooth running of Southside Baptist Church.
The methods adopted for the recruitment and appointment of new trustees
The power of appointment and removal of trustees is vested in the trustees of the Church in accordance with the provisions of the Constitution. All Trustees must adhere to the "Basis of Faith" .
Financial review
Availability and adequacy of assets of each of the funds
The trustees are satisfied that the charity’s assets in each fund are available and adequate to fulfil the obligations in respect of each fund.
Reserves
It is of paramount importance to Southside Baptist Church that it has the ability to meet its expenses, and accomplish long term expansion and growth to reach its goals.
Transactions and financial position
The financial statements are set out on pages 8 to 12 . The financial statements have been prepared on a receipts and payments basis, which is permitted for smaller Charitable Incorporated Organisations (CIO’s). As stated in the introduction to this report, the trustees consider the financial performance by the charity during the year to have been satisfactory.
The Statement of Financial Activities show net incoming resources for the year of a revenue nature of £13,550
The total reserves at the end of the year stand at £15,496. Free unrestricted liquid reserves amounted to £15,496.
Page | 4
Southside Baptist Church CIO Report and Accounts for the year ended 31 December 2020
Trustees Report
The trustees of the charity during the year were:
A Bunnell – Resigned February 2020 A Prescod P Stace L Harman T Ganger – Resigned May 2021
The trustees are all members of the charity.
The trustees of the charity at the date the report and accounts were approved were:
A Prescod P Stace L Harman
Bankers HSBC UK
Independent examiner
Paul W J Evans FMAAT ACMA CGMA AP Accountancy Ltd Chartered Management Accountants 34 Birch Valley Road Kidsgrove Stoke-on-Trent, ST7 4GN
Page | 5
Southside Baptist Church CIO Report and Accounts for the year ended 31 December 2020
Trustees Report
Statement of trustees’ responsibilities
The Charities Act requires the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to:-
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select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements.
The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with regulations made under the Charities Act. 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 are also responsible for the contents of the trustees' report, and the responsibility of the independent examiner in relation to the trustees' report is limited to examining the report and ensuring that, on the face of the report, there are no inconsistencies with the figures disclosed in the financial statements.
This report was approved by the board of trustees on 25 October 2021
A Prescod
Trustee
Page | 6
Southside Baptist Church CIO Report and Accounts for the year ended 31 December 2020
Independent Examiner's Report to the trustees of the Charity
Report of the Independent Examiner to the trustees on the accounts of the Charity for the year ended 31 December 2020. (Rev October 2018)
Responsibilities and basis of report
As the trustees of the Charitable Incorporated Organisation, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of accounts of the Charitable Incorporated Organisation carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiners statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
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accounting records were not kept in accordance with section 130 of the Act or
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the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
The Examiner's relevant professional qualification or body:
Chartered Management Accountant
Paul W J Evans FMAAT ACMA CGMA AP Accountancy Ltd Chartered Management Accountants 34 Birch Valley Road Kidsgrove Stoke-on-Trent, ST7 4GN
The date on which my opinion is expressed is 25 October 2021
Page | 7
Southside Baptist Church CIO Report and Accounts for the year ended 31 December 2020
Statement of receipts and payments for the year
| Receipts Offerings and Gifts Government Grants Investment Income Total Revenue Receipts Capital Receipts Total Receipts from all sources Payments Direct Charitable Expenditure Payments relating directly to charitable activities Grants and donations Administration Governance Total Revenue Payments Capital payments Total Payments Net receipts / (payments) in year Net Surplus / (net deficit) for year |
2020 Unrestricted Funds £ 32,161 3,016 1 |
2020 2020 Restricted Total Funds Funds £ £ 1,150 33,311 0 3,016 0 1 |
2020 2020 Restricted Total Funds Funds £ £ 1,150 33,311 0 3,016 0 1 |
|
|---|---|---|---|---|
| 35,178 | 1,150 36,328 |
|||
| 0 | 0 0 |
|||
| 35,178 | 1,150 36,328 |
|||
| 17,595 1,300 2,133 600 |
0 17,595 1,150 2,450 0 2,133 0 600 |
|||
| 21,628 | 1,150 22,778 |
|||
| 0 | 0 0 |
|||
| 21,628 | 1,150 22,778 |
|||
| 13,550 | 0 13,550 |
|||
| 13,550 | 0 13,550 |
Page | 8
Southside Baptist Church CIO Report and Accounts for the year ended 31 December 2020
Statement of assets and liabilities as at the 31 December 2020
| Cash funds Cash funds and bank balances at start of year Surplus on receipts and payments account Cash funds before transfers Transfers between funds Cash and bank balances at end of year Other Assets Description of asset Premises Equipment and Machinery Gift Aid Recoverable Total value of other assets Liabilities Description of Liabilities Examiners Fee Total value of liabilities Total Assets less Liabilities |
2020 Unrestricted Funds £ 1,946 13,550 |
2020 2020 Restricted Total Funds Funds £ £ 1,946 0 13,550 |
2020 2020 Restricted Total Funds Funds £ £ 1,946 0 13,550 |
|
|---|---|---|---|---|
| 15,496 0 |
0 15,496 0 0 |
|||
| 15,496 | 0 15,496 |
|||
| 1,834,000 5,800 1,250 |
0 1,834,000 0 5,800 0 1,250 |
|||
| 1,841,050 | 0 1,841,050 | |||
| 480 | 0 480 |
|||
| 480 | 0 480 |
|||
| 1,856,066 | 0 1,856,066 |
P Stace Trustee Approved by the board of trustees on 25 October 2021
Page | 9
Southside Baptist Church CIO Report and Accounts for the year ended 31 December 2020
Notes to the accounts
1. Basis of accounting
Receipts and payments are accounts are permitted for a smaller Charitable Incorporated Organisations. They summarise the movement of cash into and out of the charity during the financial year. In this context “cash” includes cash equivalents, for example bank accounts where cash can be readily withdrawn to pay for debts as they become due.
2. The nature and purpose of each fund
Restricted funds comprise monies received for specific purposes, as laid down by the donor. Appropriate expenditure is allocated against such funds.
Unrestricted funds are those funds which are available for the general purposes of Southside Baptist Church.
3. Trustee remuneration
No Trustee receives remuneration for their services as a trustee of Southside Baptist Church. All Trustees are reimbursed where appropriate for expenditure incurred on behalf of the Charity. These expenses are included in the receipts and payments accounts in the appropriate category.
4.Salaries and wages
| Gross salaries and employers National Insurance Pension costs Average number of full time employees in year |
2020 6,291 329 |
|---|---|
| 6,620 | |
| 0.4 |
The above amounts are included in the receipts and payments accounts in the “payments relating directly to charitable activities”.
5. Taxation
The charity is not liable to tax on its charitable income.
Page | 10
Southside Baptist Church CIO Report and Accounts for the year ended 31 December 2020
Notes to the accounts
6. Analysis of receipts and payments for the year
| Receipts Donations Government Grants Gift Aid recovered Total Donations Received Investment Income Total Receipts Payments Payments relating directly to charitable activities Gross Wages and salaries - charitable activities Travel and Subsistence Premises Costs Utilities Insurance Rates Premises maintenance General administrative expenses Office expenses Subscriptions Licences Software Grants paid Grants paid to individuals Grants paid to institutions Total grants paid Governance costs Examiners Fees Legal Expenses Total Governance Costs |
2020 Unrestricted Funds 31,134 3,016 1,027 |
2020 2020 Restricted Total Funds Funds 1,150 32,284 0 3,016 0 1,027 |
2020 2020 Restricted Total Funds Funds 1,150 32,284 0 3,016 0 1,027 |
|
|---|---|---|---|---|
| 35,177 1 |
1,150 36,327 0 1 |
|||
| 35,178 | 1,150 36,328 |
|||
| 6,620 90 |
0 6,620 0 90 |
|||
| 6,710 | 0 6,710 |
|||
| 5,303 2,358 2,772 452 |
0 5,303 0 2,358 2,772 0 452 |
|||
| 10,885 | 0 10,885 |
|||
| 779 855 158 341 |
0 779 0 855 0 158 0 341 |
|||
| 2,133 | 0 2,133 |
|||
| 0 1,300 |
1,150 1,150 0 1,300 |
|||
| 1,300 | 1,150 2,450 |
|||
| 0 600 |
0 0 0 600 |
|||
| 600 | 0 600 |
Page | 11
Southside Baptist Church CIO Report and Accounts for the year ended 31 December 2020
Notes to the accounts
| General Fund Restricted Funds Total Funds . Analysis of Grants for the year Grants to Institutions Wycliffe Bible Translators Others Total Grants to Institutions Grants to Individuals Total Grants in Year |
Balance at 1 Jan 2020 £ 1,946 |
Receipts £ 35,178 |
Receipts £ 35,178 |
Payments £ (21,628) |
Payments £ (21,628) |
Payments £ (21,628) |
Transfer between Funds £ 0 |
Transfer between Funds £ 0 |
Transfer between Funds £ 0 |
Transfer between Funds £ 0 |
Balance at 31 Dec 2020 £ 15,496 |
||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,946 | 35,178 | (21,628) | 0 | 15,496 | |||||||||
| 0 | 1,150 | (1,150) | 0 | 0 | |||||||||
| 1,946 | 36,328 | (22,778) | 0 | 15,496 | |||||||||
| 2020 Unrestricted Funds £ 1,200 100 |
2020 Restricted Funds £ 0 0 |
2020 Total Funds £ 1,200 100 1,300 1,150 2,450 |
|||||||||||
| 1,300 | 0 | ||||||||||||
| 0 | 1,150 | ||||||||||||
| 1,300 | 1,150 |
8. Analysis of Grants for the year
Page | 12