## **TOTTENHAM BAPTIST CHURCH** 

## **Report of Financial Activities For the Year Ended 31 December 2021** 

_**Lq&Co. Accountancy**_ 

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## **Report of Financial Activities for the year ended 31 December 2021** 

|**Table of contents**|**Page**|
|---|---|
|The Report of the Trustees|3|
|Statement of Directors’ and Trustees Responsibilities|7|
|Independent Examiner’s Report on the Accounts|8|
|Statement of Financial Activities – Income & Expenditure Statement|9|
|Notes to the Accounts|12|



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## **TOTTENHAM BAPTIST CHURCH** 

## **The Report of the Trustees For the year ended 31 December 2021** 

The Trustees present their report of the financial statements of the charity for the year ended 31 December 2021.The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities’ issued in March 2005. 

## **The Charity** 

## THE CHURCH AND ITS NAME 

The Church means members of the charitable unincorporated association governed by this constitution and known as **Tottenham Baptist Church [alias The** 

**Chapel, High Road, Tottenham** ] **Constitution** which is being referred to henceforth as 'the Church'. 

Names of trustees in the period 

**1.** The Rev Harrison Daniel Otieno [PhD] - Trustees Chairperson – Senior Minister – Leader of Charity 

**2.** Miss Olatomirin Kolade [PhD] – Secretary – Deacon – 

**3.** Mrs Ivy Legore – Trustee 

**4.** Mrs Hannah Kajue - Trustee 

**5.** Rose Bombali Longange – Trustee 

**6.** Mr Jean-Claude Longange [Msc] - Trustee 

## PURPOSE 

The principal purpose of the Church is the advancement of the Christian faith according to the principles of the Baptist denomination. The Church may also advance education and carry out other charitable purposes in the United Kingdom and/or other parts of the world. 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

## BELIEFS 

As a Member of the Baptist Union the Church subscribes to the **Union's Declaration of Principle** : 

"That our Lord and Saviour Jesus Christ, God manifest in the flesh, is the sole and absolute authority in all matters pertaining to faith and practice, as revealed in the Holy Scriptures, and that each church has liberty, under the guidance of the Holy Spirit, to interpret and administer His laws. 

That Christian Baptism is the immersion in water into the name of the Father, the Son and Holy Ghost, of those who have professed repentance towards God and faith in our 

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Lord Jesus Christ who 'died for our sins according to the Scriptures; was buried, and rose again on the third day'. 

That it is the duty of every disciple to bear personal witness to the gospel of Jesus Christ, and to take part in the evangelisation of the world." 


## **OBJECTIVES AND ACTIVITIES** 

## ACTIVITIES 

In fulfilling its **Purpose** , the Church will engage in a range of **Activities** either on its own, or with others. The range of activities will vary from time to time, with the activities being initiated, expanded, or closed, as appropriate. 

The Activities may include but are not restricted to: 

- regular public worship, prayer, Bible study, preaching and teaching 

- baptism, as defined in the Union's Declaration of Principle. 

- the Communion of the Lord's Supper which shall normally be observed at least once a month; 

- evangelism and mission, locally, regionally, nationally and internationally. 

- the teaching, encouragement, welcome and inclusion of young people. 

- nurture and growth of Christian disciples. 

- education and training for Christian and community service. 

- giving and encouraging pastoral care. 

- supporting and encouraging charitable social action in the United Kingdom and abroad. 

- encouraging relationships with and supporting Baptists and other Christians 

   - Notwithstanding the appointment of persons to accept responsibility for any of these 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 through specific directions of the **Church Members' Meeting** . 

## **ACHIEVEMENTS AND PERFORMANCE** / **PUBLIC BENEFIT** 

During 2021, the activities of the charity were heavily impacted by the previous year’s outbreak of Covid-19. In terms of finances the church as the charity organisation found its finances hugely heavily depleted. The government’s 

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supplement of the furlough payments was therefore hugely appreciated. Despite the financial constraints, the Charity Tottenham Baptist Church was able to engage in most of the activities listed above. The church had teams engaged into evangelism both around the church on every Thursday and another team going to Leicester Square and Trafalgar Square in Central London. 

The charity was able to run its Girls Brigade’s program every Thursday term time. It was also able to run its Mums and Dads Toddler [Tots & Tinies] program every Friday in the morning during term time. 

The church – the Charity – Tottenham Baptist Church being housed in a Grade B listed building; has opened its doors to Heritage visits and site seeing. Keeping the building in pristine condition has been one of the most difficult activities particularly with diminishing contributions from the church members. This is a situation that has worsened from the onset of Covid-19.  The church /the charity is still able to function because of the generous contributions of its members as it will be seen from the accounts below. WE as the trustees are pleased to note much of what the charity was set for has been achieved even in these times of high financial constraints. 

The Chairperson and Leader of the trustees and of the charity. 

The Rev, Dr Otieno, Harrison, Daniel 

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## **TOTTENHAM BAPTIST CHURCH** 

## **Statement of Financial Activities for the year ended 31 December 2021** 

## **Financial Review** 

## **Transactions and Financial Position** 

The financial accounts are set out on pages 7 to 8. The financial statements have been prepared implementing the Statement of Recommended Practice for Accounting and Reporting by Charities issued by the Charity Commission for England and Wales (effective Apri2005) and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2005). The Trustees consider the financial position of the charity during the year has been satisfactory. 

The Statement of Financial Activities show gross resources for the year of a revenue nature of £58,308 Total expenditure was £67,337, leaving a net deficit for the year of (£ 9,029). 

## **Principal funding sources** 

The charity relies on offerings, tithes, and various donations from the members as identified in the accounts, whose support is greatly valued. 

## **Major risks to which the charity is exposed and systems to mitigate those risks** 

## _**Financial**_ 

The charity is open to the usual financial risks of any organisation, and the charity has introduced controls to minimise these risks, such as two signatures being required for payments from the bank account, an appointed deacon/pastor of the church is required to authorise payments for purchases, and also the accounts are regularly explained to members of the charity and are open for member’s inspection at any time. 

## _**Children and Vulnerable adults**_ 

Work with children and vulnerable adults are open to risks. The policy is that visitation, counselling and any work involving children and vulnerable adults are done by trained persons who work in pairs. New volunteers to the children ministry are recruited on the basis of Baptist Union’s policy for the recruitment of volunteers for children’s ministry which are in line with Government policy. 

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## **TOTTENHAM BAPTIST CHURCH** 

## **Report on the Accounts For the year ended 31 December 2021** 

## **Statement of Directors’ and Trustees Responsibilities** 

Charity Law requires the Board 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 the surplus or deficit of the charity. In preparing those financial statements, the Board is required to:- 

- select suitable accounting policies and then apply them consistently; 

- make judgements and estimates that are reasonable and prudent; 

- 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; 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. 

The Trustees are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity which is sufficient to show and explain the charity’s transactions and enable them to ensure that the financial statements comply with 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 auditors 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 ......25/06/2022.............. 

Signed:……. ..... .. Haririson Daniel Otieno . _.._ .......................................... 

Name:            ....Rev.  Dr. Harrison Daniel Otieno.................................... 

Chairperson and Leader of the Trustees of the Charity. 

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## **Tottenham Baptist Church** 

## **Independent Examiner’s Report on the Accounts For the year ended 31 December 2021** 

Report to the trustees of Tottenham Baptist Church on the accounts for the year ended 31 December 2021 as set out on pages 8 to 12. 

## _**Respective responsibilities of trustees and examiner**_ 

The Charity’s trustees are responsible for the preparation of the accounts. The Charity’s trustees consider that an audit is not required for the year (under section 43(2) of the Charities Act 1993(the Act) and that an independent examination is needed. 

It is my responsibility to:- 

- examine the accounts (under section 43(3)(a) of the Act; 

- to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 43(7)(b) of the Act; and 

- to state whether particular matters have come to my attention. 

## _**Basis of independent examiner’s statement**_ 

My examination was carried out in accordance with General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, 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 consequently I do not express an audit opinion on the accounts. 

## _**Independent examiner’s statement**_ 

In connection with my examination, no matter has come to my attention 

- which gives me reasonable cause to believe that in any material respect the requirements .      to keep accounting records in accordance with section 41 of the 1993 Act; and .      to prepare accounts which accord with the accounting records and comply with the account requirements of the Act have not been met; or 

- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. 

Signed:-       E.  Quarshie ........... 

Date:- ….01/07/2022...…...... 

Lq & Co. Accountancy 136 Waters Road, London. SE6 1UQ 

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**TOTTENHAM BAPTIST CHURCH Statement of Financial Activities For the year ended 31 December 2021** 

||**31/12/2021**|**31/12/2020**|
|---|---|---|
|**INCOMING FUNDS:**|**£**|**£**|
|Envelopes|19,877|17,071|
|Gifts/Communion/cash|3,081|2,228|
|Bank interest received|||
|Income from operations|**22,958**|**19,299**|
|Donations from French Church||2,900|
|Grants (furlough)|6,400|11,800|
|Refunds|65|6,432|
|Rental income [ flats]|28,885|29,365|
|Other Incomes|35,350|50,497|
|**TOTAL INCOMING FUNDS**|**58,308**|**69,796**|



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## **EXPENDITURE [out-goings]** 

|Rates|5,771|8,607|
|---|---|---|
|Building repairs/maintenance|4,755|2,391|
|Stationery|1,270|778|
|Wages & Pensions|27,500|28,311|
|Equipment purchase|2,310|-|
|Building Insurance|5,736|5,671|
|Accountancy fees|-|-|
|Equipment expensed|2,310|-|
|Sundry expenses|146|56|
|Donations [ missions & welfare]|1,000|666|
|Conferences / training||215|
|Subscriptions|2,048|2,027|
|loan repayment|8,794|8,368|
|Telephone & internet|897|757|
|Pastoral expenses|4,800|4,800|
|**TOTAL OUT-GOINGS**|**67,337**|**62,647**|
|**NET SURPLUS/ (DEFICIT)**|**(9,029)**|**7,149**|



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## **TOTTENHAM BAPTIST CHURCH** 

|Please note:<br>**Loan liability:**<br>LBPD<br>Amount brought forward  01/01/2021<br>Interest charged<br>Less: Amount paid in the year to 31/12/2021<br>Amount outstanding at 31/12/2021<br>**Bank Balances at 31/12/2021**<br>Brought<br>forward<br>01/01/2021<br>£<br>Business Current Account<br>16,345.91<br>Business Premium Account (1)<br>29,606.76<br>Business Premium Account (2)<br>0.02<br>**45,952.69**<br>London Baptist Property Board [ Deposit Account] @31/12/2021<br>**Total Bank**<br>**Balances**|Brought<br>forward<br>01/01/2021<br>£<br>16,345.91<br>29,606.76<br>0.02|£<br>25,798.93<br>425.60<br>-8793.8|
|---|---|---|
|||**17,430.73**|
||||
|||Carried<br>forward<br>31/12/2021<br>£<br>5,524.17<br>27,609.84<br>0.02|
||**45,952.69**|**33,134.03**|
|||**10,032.79**|
|||**43,166.82**|



The financial statements were approved by the Board of Trustees on .........25/06/2022................ and signed on its behalf by: 

Signature............ Harrison Daniel Otieno ....................... 

Name of Trustee: . ......Rev Dr Harrison Daniel Otieno.. 

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## **TOTTENHAM BAPTIST CHURCH** 

**Notes to the accounts For the year ended 31 December 2021** 

## **Accounting policies** 

## _**Accounts preparation**_ 

The financial statements have been prepared in accordance with the Charities Act 1993 and with the Financial Reporting Standard for Small Entities (FRSSE), and all other applicable accounting standards, effective June 2002, as modified by the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England and Wales, effective October 2000, adapted to meet the needs of unincorporated organisations. 

## _**Accounting Convention**_ 

The financial statements are prepared using the cash accounting basis. 

Incoming resources are accounted for as received and expenditure as spent. 

## _**Incoming Resources**_ 

Incoming resources are accounted for on a receivable basis. 

## _**Investment Income**_ 

Bank interest is included in the income and expenditure account on a receivable basis. 

|1.|**Salaries & wages**|**2021**|**2020**|
|---|---|---|---|
|||**£**|**£**|
||Gross Salaries and wages<br>|32,300|33,111|
|Number|of full time employees or full time equivalents<br>|1||



There were no other employees with emoluments in excess of £60,000 per annum. No other trustees received any remuneration in the year ended 31December 2021. 

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