REGisfERED CHARITY NUMBER 1186522 FINANCIAL ATEME[[S FOR THE PERIOD ENDED 31 AUGUST 2022 FOR SANDBACH BAvrisr CHiMiCH {CHARITABLE INCORPORATED ORGANISATION) Page l of 17
coKrErirs OF THE FINANCIAL STATEMEKrs FOR THE PERIOD ENDED 31 AUGUS[ 2022 PAGE(S) 3-8 l(k12 13 Nctes to the financial StsteThts 1+17 Page 2 of 17
SANDBACH BAPT CHURCH REPORT OF ThE TRUStEES FOR THE PERIOD ENDED 31 AUGU 2022 The trust wesent ts1[ et with finarKial statrnts of trE (fiarity for the WKKI er 31 (SORP) "Ac(x)untiThJ arKJ Rewrts"ng by Chanbes" REFERENCE AND ADMiNRATIoN DAlLs Sandbach Bapti thurth Re9iStered Charity Number 1186522 PriTKipal address 36 Green Stre& (Grou1 FIC) Sarmlbach (Jshire Cwii IGX A StLwart ((Thair) Mr5 L mYt Mr I Parsons (rapMnt1 2911U21) Mr5 S Waurt0 (resig 29111121) MrDMur Mr5 A ]ones Mr G Htll Mrs S R*Eiffe (apinl 29111121) The trustees are all meM1S of cha Rev A Stewart ((h3ir) Mrs L Mynett {reswJned 2811U22) Mr I Parsons Mr D Murphy (resigned 28111122) Page 3 of 17
Mr G Hill Mrs A J(wEs Mrs S Radcliffe Mr B Williams (awx)J"nted 28111122) Mrs H Carter {arv)int 28111122) Bankers Royal Bank of Scotland Indepa¥lent eXalner Mr D Haliworth Charitable (jeCt The priThipal purrmw of the (hurch are: l) The adva[ent of Chlian fafth 1j to the wirK¥kn of the Bapb'st denomination, 21 The Churth may also acfvarKe eLlatK)n carry out ¢ts drItal purFoses in the UK andlor rthr pats of the world srRucfuR4 GOVERNANCE AND MANAGEMErir Sandtkich Baptist (hurch was strtured as a chal1tsb UnincDfFKxated AsscKiation" however. the Churth tc(& {kYisn to convert to a (ltarrtab Inc0rFKXa OnJani5ali)n Cfto and the new ao Vdas registerol wtth the Charity crnimissK for ErKJlaFKI Wales on 22 Noveml 2019. The (harity C(NnmissK)n for EThJlar¥J arnj Wales aUtFK¥is ttE trnnts of assets and 1kabilit and the granting of an irKknnty under sectM)n 105 of ttE (thaiitEs kt 2011 tetsyeen Sand1 Baptist Church (the unin(x)rpNated entity) arKI Sandth BaFrt& Churol (1186522) cm 29 January 2020. The dk3rity is a nEmter rf the Batrtist un of Great lts1 and the Western Battist AtiOn. The tharity is contrdled by its wemirNJ (kKument (ao AsxKiatK)n constiti) da1 l Novemtkr 2019 and 7 March 2021. Church Memlwg Meetirus are duriTr3 the year tn discuss a1 make key (k(?sions on the life of the (hurch. In Cordan wh consbtutM)n. memr5 aFp)int Trustees who are resw)nsible for the overall nan of the (hurth, aTkJ financial aThl18Jal a5rts of (tsiity. Tr Trustees mt regularty >4 weeks and recave a fina1 retKrft or utthte at meeting. The minister a1 ekl& also eath week lry Zcl. l are encrad to take an part in spiriti&il arnl tasks invofved in the furtheran of the rhiritable ()iecb Page 4 of 17
In (Kder to achEve the prin01 chaiitsbk obiethe atThe, thu ptThits a Var of activibes trK)th to rts memrShip and to communty. The aim 15 to share the love of Jw with tr community in Sandbach, and furt afiekl. The Church opErates a safard1 PolKy to chiklren a1 vulnerable adults, whth is reviewed a1 appfDv81 IN the Church on an annual basis. Tr thurth also arrdnge5 SauardIng training duriry year, fix te WIK) in Churth Sifeguar(ting Policy. The Churth 5 rk)t own a pLyE of wcK5hip but rults a hall at SarKlba(h PrTrmary A(3Jemy on a Sunday moming. Pddrt]onalty, the Churth rents a 13xnmunty buikling at 36 Green Str[ Sandbach roas1 for furt[ acts of SYOT5hip, stY groups (lMUnity.ba knit1. The Church also makes Oasis available to communty grwps to hire. As the country came out of kKkdown folkn¥iTh3 COVID-19 par Trusts awNJ carefully Corder1 the pa at whtth fe to shcwkl (rrtrtinue or re-commen. This has resulted in a hybrKI mix of fa to arvj online ti¥l carrEd out on the Z(1 VKkn conferen(ing piatfomi. A 5umffb3ry of key .¥15 i5 as folkJv5: StUdyarnIP Central to the 7NOrt and Wit of the thurch is ts trnv)n of regular setVKES of Christian w0h1p and we were delighted to iE ab to physK31ty jain for KShip on a Surk1ay rnming at Sandbach Primary kndemy fmm Juty 2021. A children's w(MJTrmme akn rtrstsrted during the t[nir servKe. Covmd prot{15 ¥e wt in plat to protect the ww)st vulnerable in the congrejation Trustees atvj Churth IrffilS. An audN) re(1n9 nKT¢iry YaJ5hip is taken on thurth TAebsik. The fOlkWn9 m1d.week groups meet for Prayer, Worship and &"ble Study: Fe to Fa EvenirvJ"Encounter with (hl" ntIng Wed[daY Evening House gr(MJP Saturday Morning F¥ayer GaUrirwJ Music Group PrdLtKE onli via Zryjm WnesdaY momiThJ LlieS Fell0V7p Thursday evening Fh)use group The minister prcKlu(Ed a weekly n&Ykn, which i[KIa te1. fami ne•¥5. prayer rsluests and wcial iteTns of Inter to the thurch. These weTr anal1 to Tnter5 a1 atyxits and printeAJ aTrJ delivered to those wjple Y4ttlKXrt em1. The Church also h@Kl the fdk)*ir¥J events: Churth Weekend . a time of worship afKI al tcoethei Churth Retreat. a to relkyt on wtkit Ikxl was sayitvj to us as irnthvmknls aFKI a Church Church LeadeT5 Day- a to lett on us as knders aThJ the missK)n of the Churth Page 5 of 17
Furthw Church Awaydays to reflett on our irKlThTrlual arKI Churth M5)n fekjs are ned in the rx rew)rting FK1. Acbytsat Oasis Our mmmunty centre at Oasis has fulty re-0 duri the year and in additM)n to the f&e to servi. Tots arxl Co- PFtr5d t(xldler5 aThJ Ca BAP for Sen5 Kn a1 natter Shoetox packing Teams4U 5TrhJet()x proprt Extemal lett1r to the Universtty of the fU3A? for cl its (mUnty led At the tifne of wKI1ry this IEWrt, the fdknYiNJ groups are wIn it is safe to to Stkn &oup for Vulb in (xjr ct¥nmunty AdditKJnalty, an indent Y organisatM)n (alled Urban Saint5 FS at Oasis atKI is ty memt5 of the Church. A prcmjramrr of social fftnts was hekl (kniTrJ the year Vdalks arKI a sla1 evatt to lebrate the Queen's14ab"num Julx"Fe During the year. the Church c(xIun a rrtDJr ( at Oasis as folbw5" Improved ventilatK)n to make the buikYirKJ safer folk)wiw Covid-19 Impmved Ctss to the entrae to nN3ke ts lyJikJiThJ ffhjre CesSible for with dtsabilibes During financial year, the ventilathjn w(k has aThJ we are waiTring for e[rtTrn work to CoMn. The Churth is an adive memlm of thuTcFEs TC¥je in sandb and in addttK)n to ijining trether in acts of worship arKI of Wit to ccnmnty, (hurch also joirEd with other thurches in SiThlb8ch to SUPE LKth finatKiaUy and with ¥unteers, the folhjying community servKes: Sandbach F(KKlbank line tbt Advi C(¥nmunty Pantry ristsan Atd %*ek Our minister meets regutarty with Ot1 C in Sandbad) and kKBI Baptist ministers. In terms of wider mission aCbvits. (Thurch supp)rt for a WKle varEty of mission projects in the UK arKI overseas throwh Cont prayer and finarKial givtt¥J as folh)ws." Page 6 of 17
Balst UnK)n Fkxv and O¥er5eas MissM)n Healing RIKMnS Prison felloShip Compassion Intematior01. throwjh vthth the Church supF fi¥e chiklren a1 yourKJ pIe in diffent countries by (W1n9 by arKI (Ards OtEn thx)rs Urb3n snts Youth Camps Tearfund Britsh R8J Cm55 . Uknine G( ne4¥s for every( A Rocha UK Bib &xiety LifelirE Debt Pthi S[al appeals have also hekl thtDughcKrt the sear for the followiNJ 9xxI causes: chan dNjIrj lives Bapbst Mis5)nary W fBMS?"Life's i# Cry" ap[1 BMS suptx>rt for missKThries in iJkl Teams4U - Ukraine Christian Aid srK)nsored bike rm Tear Fund s531 eveni - Ukraine thwch (ks TX)t TrUre SUC of its prlaMme5 onty in numters, indLKtirwJ financ1 numtErs but also in less trnglb areas like fellowship a(Kl aKOUTageffent. The TtiJ5t rec(yJnise that are difficult to measu. partKukirly during a tsme Wh we were emergiFVJ from l¢Kkdown. On 31 AuSt 2022, Fnemter5hip st(xxl at 49. Financial Review The Church Contrn to Trise fur, whth it needs to catry on 115 acbts fIll Within its own membershlp1o)rNJrJatfft aThJ extem31 lettiros. thurth emoyS one Merntr of slaff, whth is tr minister 15 lavily de{rth on its memtership wryking as volunteer5 in all asperts of the thurth's Churth sets a miss¥ W eath bas1 apwoxfft• on IO% of the prevKMJS yearfs irKome a1 SUPFQrts the WO of the wi(kn Church a1 otsEr natKthl a1 intWTratK1 christian organi&itions through mission grfts. An agreed Fuwcial c(trol5 Poly (l1j on aTKI Inveslnnts) is in pla together wth a self.assesst aJain& Charity C(xnmÉssion checklist. This chertist contains questions to help charity tn&e& evaluate art<S tErfTr JaISt the legal reqUirennts and gcx)d wactice 0[tionS set out in (x)mmiwin's gUIdae on intemal financial controls for char[b". set out in the ac(xxnpanying financial slatrn)ts. Th financial ststement5 show an overall defkit fur Page 7 of 17
MaintenaTr WKMt rts]uired at Oas Mans& Tr awrth is grniuI to Ben&act Trust for twovKiing a grart of £750 t(h¥ards this Maintenan w(xk. unsFnt budget of £4,f1 for the altrae ¥*Jrk at Oass rarried over into 202213 8. Reserves Policy The Trustees and Urch Members have agreed that six FhThl expeThJiture te kert in reserves to cover neXed eX[dIture, whtth may arise. Tr (hurth currently has sufficient reser¥Es to meet this lIcI requirwnenL swJT...... AG Stewart Chair of Tnjstees Page 8 of 17
On the acrwnts for the peri¢)d I" Septnber 2021- 31st August 2022 Respective responsibilltles of Tntstees and Examiner Churth's Trustees are resTX)nsible for tr tyetkiration of c1)unts. Tr churth s tsijstees (Dnsider that an aLKlit is rwjt wu&r for this K¥1 under s&Ytion IH of the Charrt]"es Art 2011 fthe Charttses ACV? and that an indeykrt eyavlnatK is IW¢. It IS my Fespjnsibilty to: Examine the oUnts urMr 145 of ch3r1t5 Act To fdlow the pnx8lure5 ck)wn in the given by the Cthaiity Commission (under 145(5Xb) of the Chattt5 ACL and Basis of independent examin*s siatement My examinatH)n was larrd out in wtth gen1 dit&lb)n5 given by the Chartty Commission. An examination of COunting recrdS kerÈ by the thurch and a comparison of accounts presented with tIK)se records. It atrA) IndleS (nnSMJerati1 of any unusual items or dreS in accounts seekn.ng •natw)ns fr(xn trust$ corx2ming Dy such matte5. The prc£edures undertaken do rK)t WOVKle all ldertt that would required in an audit, and COnwtfy rK) 0ixnn is gwen as tr) whettEr the accounts present a.true and fai view and the ss limited to ttKise matters set out in statwnent tEkhY. cause to believe that in. any mater1 restEtt: drawn in order to enable a uleYaliJ of the nts to te reached. signatu of inderetht examirw:....... ... Relevant EK(rfesSlal qualifKatNM (K eXamIr.... . Narne of fiTm (vthere appropriate):............... C (ul j...7r6 Page 9 of 17
SANDBACH BAVtIsr CHURCH FINANCIAL sfATEMEpif FOR THE PEIUOD ENDED 31 AUGusf 2022 GENERAL RECEIFfs & PAYMEfiT Accou1 {UNRESTRICfED FUNDS) 2022 2021 Receipts offenngs DonatiorLS Incx)me tax recoveray on gift5 6,289 44,335 11,469 925 45,134 9.063 1,271 Rents and contribuknors use wire5 835 1.925 1,050 ic Church Ykend RetsEats Other inccffte Total Receipts 11,370 68.269 Payments Minis Mission Premises AdministratK)n and Other {37,9H) (7.1(K)) (11,8(KJ) (4yI) (2,214) (63h39) (35,448) (6,892) (9,775) (2,712) (1,744) (56.571) Total Payments 3,455 11,698 Transfers from General Fund Transfers to General Fund Cash balance at pwious year end Cash balance at Current year end (40) 221 120.528 124.164 108,830 120,528 Page 10 of 17
BUILDING FUP4D REcuvfs AND PAYMEKtS ACCOUNT (DE51GNATED ACCOUPffj 2022 2021 Reoipts Grdnt Oasis Grant Manse 750 152 Totsl Receipts 902 Payments Repairs to Manse maintenan Oasis (3,282) (2,971) (6.253) (8CKJ) (161 (961) Total Payments Net receipts {Panents) for the p1 (5,351) (961) Transfers (to) I Imm Building fund Cash balance at previous year WMI Cath balan at current year end 46.329 40.978 47.290 46.329 SHOEBOX APPEAL (DESIGNATED ACCOUNT) 2022 2021 Receipts t)onatior 142 Total Receipts 142 Boxes atKI (nntents Transrxyt Total Paymu (54) {54) Cash balance at previous year end Cash balan at turrent year end Page 11 of 17
WELCOME BAP RECEKwfs AND PAYMErirs Accoupir {REsfRIcfED FUNDS) Note 2022 2021 151 MemoriaLs Totsl ReIpts 545 545 151 Payments Meals Grfts, cards aTrJ o Total Payn (152) (442) (594) (249) {249) (443) 296 Transfers to Gra[ Furnl- Oasis Cash balance at previous year end (221) 1.720 1.056 1,424 1,720 CHILD SPONSORSHIP RECEIPTS AND PAYMEr(rs AccouNf (REsllucTED FUNDS) 2022 2021 Receipts Weekty doanS cther iTKorre Total Receipts I,5 1.905 2,333 333 Chiki SF4)nsorshtp chan Total Payments io (2,004) (I004) (2,184) Net receipts l (payMts) for the period (99) 149 Transfers from General fund Cash balan at ploUS year end 149 149 Page 12 of 17
STATEMENT OF ASSETS AND LIABILThIES AT 31 AUGU 2022 2022 2021 Bank atKI Oth (Bsh balan Cash in lond (Untwi colknlxxs) RBS Bank Account Shawixwk Bar7k CAF 12 Month Baptst Union C(Kp. Ltd (7 day rK*KE) Baptst Unn C. Ltd (3 rK)tie) 14,856 11,709 84,004 20,002 53,011 14.085 137,435 Gift amd daimed but rerrtI Invesbnent As li 358,035 524,411 305,666 474.392 Liabilities Ojrrent Ila"11t1e5 Pension liability otlv liabilities Total Liabilities 12 18,477 18A77 The accounts and Stat assets atml liakn.lits as set pw 9-12 relab.rvj to the ritl ending 31 August 2022 are as approvoj by trust. IH Par Treasurer Date:.. Page 13 of 17
NOTES TO THE FINANCIAL ACCOUPITS l. Basis of ac£ounts 133 Charities N£t 2011. 2. Investnnt Incon 2022 2021 Bank and savirw> inter Tnjst Income Other InvestvTrent IrOme Total Investment thcfjme 1.271 1.271 2022 2021 BMS Life's First Cry chan Charoing LiNe5 BMS Chdl (Chrfvers) Teams4U Ukrai 2tKI 647 Total raised for other Giuses 1.925 506 2022 2021 Grants Insurnn daim Utilty arxl (ther refunds 11,370 Total Other Income 106 I170 5. Ministry 2022 2021 Ministerfs StiNI {18,530) (6.093) (3,420) (3,650) (2.347) (3,898) (o) (37,944) (18,912) (5.662) {2,918) (2,928) (2.144) (2,884) Pension deficit furKI PAYE and National insuran CourKil Tax. Travel arKI gerEtal extErts Man costs (including teW]orE) Other ministry Total Minisby (35W8) Page 14 of 17
The Minister atts as of the thurth's trustees arKI rec£tves rernUndtm)n aNJ i)Ur nefits in reSFd of his swvKes a% Minister, indudityj ttt Provisi of [1[ acc(KnmDdatn, oyffled by the church. 2022 2021 Baptist Mi5wnary Soc Bapts"5t Hime Mission (1,1) (1.) (3) (i(x)} (i(xi) (o) {0) (i(K)) (o) (1} (1.0} (250) (I,(KK)) (300) (45) (4) (330) (1,080) (1,870) (o) (ioo) (11)o) (IOD) (200) (100) {93) (i(KJ) (I,o¢xJ) (250) (I,(KB) {3QKI) (21J)) (39)) (o) {0) (6,892) A Rocha UK Bible &¥iety chan ChaThJing L 8MS Nepal Appeal GKkns ((knJ TW45 for EVy) Bin TwinniThJ Healing RcMYllS Lifeline Debt AdYe Open Erors Tear FuTrJ urt)an Saints Bribsh Cmss- Ukraine Cry in the Dark Total Mission (7,100) 2022 20 Rent- oasis utilities- Oasis Small quiwnent purchw- Oasis InSUran- Oasis Fire extinguisher checks - Oa95 Hire of Hall - Sandba(h Acèkn)y Trtal Premises (7,752) (1,176) (2) (410) (102) (2,160) (iiwo) (7,722) (588) (699) (398) {128) (240) (9.775) 8. Administration & Other 2022 2021 Website Fees O Legal Fee5 Lin51j fees SubscriFlJon5 (BU, NWBA ar¥J (16) other Fees & Trainir4J Youth/Sunday khool (263) (o) (718) (283) (141) (71) (245) (515) (642) (274) (105) (ioi) Page 15of 17
Consumab Cards atKI gift5 Advent Calendars/Easter E93S Church Weekend/Retreats Other Trtal Administration and Other (212) (429) (281) (1,955) (28) {4XI) (209) (227) (373) {0) {21) {I712) 2022 2021 BMS Life's first cry (collected 20121) BMS Life's ftr5t cry (colletsl 19120 aThJ pakl 20121) chan ChaThJirKJ LNes Teams4U Ukraire thJnatK)n5 Teams4U UkrairE Grft AM BMS Chad (Chi]vers) Donati BMS Chad (chi) Gift Aid compass UK Gift AKI (o) (438) (2) (640) (ioi) (647) (95) (93) (1214) (506) (1,238) (o) (o) (o) (o) (o) {0) (1.744} 10. Child Spons(K5hip Charities 2022 2021 Compassion Intematrjnal 0fi tknjrs Tear Fund Total Child Sponyxthip Charities {1788) (216) (1,788) {216) (1004) (1184) 11. Assets held for Churth's use 2022 2021 Manse Sound eqUIt Wisual equipment CompLrters and furniture Air Purifier Total A55ets held for Church's 356,260 7(K> 125 350 303.717 725 150 375 699 305,666 358,035 The church is the bJaI (subject to the reknnt trsts) of the fDlknYirvJ assels, the legal title to which is the churth's ojrtcxlian lJustee IttE BaFlist UnK)n Corpjknn Ltd]: Church manse at 53 Eo)th Aveft, Sarmlbath, CWII 4JN valLEd in the at £356,260 (tosed on irrable value as at 3V8122) church also owrs fixtures, fumibjre aThl with a value of £1,775 Page 16 of 17
- Penston Scheme Llability The Churrh is a participating empkjyv Battst l>ens)n fthe khenl, whth is a separate tegal entity administered by the Pension Trust (BarAJst Penswjn TnJst Limfted). The assets of the 5dffle are hekl sepatatdy from tIK)se of the Empw and the other participatipg em0YerS. The Me, prevx)usty known as the BaFlÈst Ministers. FuThJ, started in 1925, but was dosed to future accrual of defind tenefft5 on 31 Dect 2011. l¥w)r to this date the main t£rt provKled through Defin IDB) PL4n was a FensK)n eightieth of final minimum pensionatk Inco fix e year of tMsi)nabk service t¢y with addÈtional sKIn in res of premiurn5 ¥N4id on Pensionabte in excess of Minimum Per6K)nable ITOme. sin I january 2012, Inefits Iwe been providal through a Lkfined Contrlbution (E£) Pkin. A formal valuabon of the DB an as at 31 DecemFM 2019 by a profess qualified Actuary usiro the Pn)jLrted Unlt MethcKI. At the valuation date market Val of DB Pkn assets wa5 £298 millK)n, whilst the levd of assets ne&led to pay IefitS vias £316m, giviThJ a defyit of £18m (Ul¥alent to a tk3st seNKe funding thl of 94%). TIE thurch arKJ otlEr paftrL1Etsg eMYe[S in the DB Plan are collectivety resrll fuThJiw this tsfKiL thrial valuthn of the DB Plan within the Scheme is due to tske pkxe rnt later than as at 31 2022. On 30th lune 2022 ttE Bapb"st S¥J[ an ag with I inSurne company Just Group fiusn to secure DB Plan memiEr5' lrths. Just are now pmvkling finanoal backjng for all pensions proVKd thrOh knme's DB Plan and following this tsansxtton, the SchetT no k)rKJer has a stfall. An utxtated Rec plan was t1b S3 in August 2022 under which recovery ContributKm fr( part#Jpatiry emt)yer in the DB Plan to £1 month from August 2022 Page 17 of 17