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2023-12-31-accounts

Mount Road Baptist Church, Hinckley

Trustees Annual Report and Financial Statements

Year ending 31 December 2023

1

Contents

1 Front Page 2 Contents

3 Legal and Administrative Information

4 - 8 Trustees Annual Report

9 Financials – Receipts and Payments

10 Financials – Assets and Liabilities

11 - 12 Independent Examiners Report

2

Mount Road Baptist Church, Hinckley

Legal and administrative Information

The Trustees present the report and independently examined financial statements for the year ended 31 December 2023

Trustees

Property Grace Baptist Trust Corporation, a company limited by guarantee. Registered in England number 592488. Registered Office: 19, Croydon Road, Caterham, Surrey CR3 6PA Assets

The trustees are the Elders and Deacons listed below. They have held office during the period 1[st] January to 31 December 2023 unless otherwise stated.

Governing Document

Deed of Trust dated 7 September 2005

Registered Charitable Status

Registered Charity 1188784 With effect from 27 March 2020

Principal Address

Mount Road Baptist Church 41 Mount Road Hinckley Leicestershire LE10 1AD

Elders

Adrian Parkinson

Deacons

John Leigh, David Botterill, James McQueen, Ian Hards

Independent Examiner

Keith Wrangles 249 Coleshill Heath Road Marston Green Birmingham B37 7HY

Banker

Lloyds Bank Nuneaton

3

Trustees Annual Report

Aims and Objectives

The object of Mount Road Baptist Church, Hinckley is to advance the Christian faith for the public benefit, in accordance with the Church’s Trust Deed dated 7 September 2005 and the Church’s Constitution dated 2011, in particular but not exclusively, by spreading the Gospel of the Lord Jesus Christ.

To achieve this, Mount Road Baptist Church, Hinckley

Public Benefit

The Trustees have regard for the Charity Commission’s guidance on the public benefit requirement. They are aware of the need to ensure that Mount Road Baptist Church, Hinckley is meeting its obligation to provide public benefit.

The Church’s purposes comply directly with the following of the Charities Acts descriptions of “charitable purpose.”

In each of the aims above, the objective is to advance the Christian religion.

Theological education is advanced through the specific work of those appointed to preach and teach within the Church and by those missionaries who are supported by the Church.

The Trust Deed permits the trust property and premises to be used as a place of public worship for the service of Almighty God, education of young persons and other purposes connected with the work of a Christian church, in accordance with the New Testament, by persons forming the church and assembling for worship, holding the doctrines set out in the Baptist Confession of Faith 1689 as re-stated in or varied by the Baptist Confession of Faith 1966

Strategies

The key strategies employed to achieve the charity’s aims and objectives are:

Significant Activities

The charity seeks to implement the strategies in the following ways:

4

Review of Achievements

Trustees

The trustees met on twelve occasions during the year and the members met four times, to consider the work of the charity. Minutes of meetings were issued to trustees or members as appropriate.

Meetings

The church meets twice on the Lord’s day, for divine worship, once weekly for prayer, once weekly for bible study, a once weekly youth group, and a twice monthly Good Neighbours Fellowship. Two Fellowship lunches have been held and our ladies hope to hold a regular coffee morning.

Communication

A monthly Newsletter is produced, containing details of the month’s activities. The church provides a website at www.mountroadbaptistchurch.org where all information can be obtained as well as downloading a library of ministry given on each Lord’s Day Outside notice boards provide details of the church’s meetings Members and friends issue personal invitations.

Members and friends benefit from the production of an annual Members and Friends Directory

Information from our missionaries is distributed to members and friends, both at meetings, by WhatsApp and by printed newsletters. A Facebook page is maintained.

Use of buildings

The Local Authority have used the building once as a polling station during the year.

Pastoral Care

Members and friends provide spiritual help and practical support both within and outside the membership by visits, social media, and electronic means.

Diaconal Aid

Cash receipts of £685 received into the church’s Restricted Funds in 2022 were paid over to the European Missionary Fellowship – Ukraine Emergency Appeal during the year.

Missionaries

Financial, practical and prayer support was given to eight individuals or agencies based both within the UK and overseas. This was reduced to seven during this financial year. The charity provided financial support at 49.2 % of its General Receipts. (General Receipts £64335, Mission £31638)

5

Financial Review

The Trust Deed permits receipt of funds for the upkeep of the premises and for the incidental and other expenses attending the maintenance of public worship. Permission is given for the repair, alteration, and enlargement of the premises.

The Financial Statements have been prepared on a Receipts and Payments basis using a commercial package supplied by Data Developments.

As the church’s receipts are less than £250,000 and assets are less than £3.26m, the trustees have again opted for an Independent Examination of the Accounts. Neither the Trust Deed dated 7 September 2005, nor the Church’s Constitution and Regulations dated 16 May 2011, indicate that an Audit or Accruals Accounts are required. We thank Keith Wrangles for undertaking the Independent Examiner duties.

The church is financially dependent on the voluntary support of members and friends. Regular tax efficient giving is encouraged wherever possible and at the year-end there were fifteen active individuals using various Gift Aid schemes to support the general activities of the church. Gift Aid donors also supported the church’s Restricted income.

Total General Receipts (Unrestricted) for the year were £64335 (£60629) and total General Payments (Unrestricted) were £102452 (£75538), the deficit for the year was £38117(deficit £14909).

The 2023 budgeted deficit of £7441 proved to be inadequate due to emergency repairs, replacement and upgrading of most of our central heating system, and the associated removal of several items containing asbestos. In addition, the agreed installation of a platform lift required the payment of a substantial deposit. The amounts paid during the year for these were £30000 central heating interim payment, asbestos removal £6056 and lift 30% deposit £5595.

There are sufficient funds in the General Fund and Restricted Premises Fund to meet the asset repair amounts outstanding.

At the end of the year the General Fund cash total was £61273, with the other Funds, all being Restricted, totaling £12960.

Gift Aid and Gift Aid Small Donations made in the last quarter result in claims made to HMRC, but not yet received, for the benefit of the General Fund, of £2238 and £234 respectively.

The trustees confirm that the financial position of the charity remains adequate to meet its immediate and short-term needs and the trustees confirm that the charity is viable as a going concern.

The trustees continue to look to the appointment of a full-time pastor and recognize that this will have a major impact on the charity’s finances. A full financial review will be undertaken.

The Trust Deed allows for the making and holding of investments.

Local Parking

The impact of a proposed resident’s parking order affecting Mount Road has been assessed and an objection has been made to Leicestershire County Council. A response is still awaited. In addition, a proposal to develop the local hospital in Mount Road has recently been announced and the impact on our premises will be monitored and objections raised if necessary.

Fixed Asset Investments

The Church is the beneficial owner (subject to relevant trusts) of the freehold property known as Mount Road Baptist Chapel, Mount Road, Hinckley, the legal title to which is held by the Church’s Custodian Trustee “Grace Baptist Trust Corporation”. In accordance with standard practice the value of the property has not been entered into the Statement of Assets and Liabilities.

It was last professionally valued for re-instatement insurance purposes in 2019 at £970k plus VAT £194k and is presently index-link insured for £1,849,827 under a long-term agreement.

6

Other non-monetary fixed assets were last valued by our Treasurer in August 2022 at a best estimate of full replacement value of £91,179 and index-linked insurance is in place of £273,805.

All the church’s assets are employed directly in pursuing the charitable objectives of the Church and are adequately insured.

Liquid Investments

The investment policy is to maintain a low-risk liquid position. The aim is therefore to maintain balances in accounts that attract market competitive deposit account bank interest but with low-risk institutions.

Reserves Policy

Our policy is to build and maintain a margin of funds to cover a minimum of three months’ expenditure. These are held in the General Fund. At the year-end our Reserve requirement was £13166 representing three months’ expenditure.

Insurance Policy

Our policy is to adequately insure the assets and other risks. Insurances held include: Buildings, Fixed Assets, Contents, Employers and Volunteers Liability, Public Liability, Property Owners Liability, Pastoral Care Liability, Trustees Indemnity, Legal Expenses, Money, Occupational Personal Accident for Employees and Volunteers.

Future Initiatives and Plans

The church has been without a pastor since June 2017 and is actively seeking a new appointee.

If a new pastor is appointed during 2024 this will impact on the budget and a review will be presented to members.

We continue to encourage members to support our missionaries both prayerfully and practically.

The trustees will continually monitor expenditure throughout 2024, including budgeted premises repairs, to achieve a continued balanced budget.

Structure, Governance and Management

Governing Documents

The governing documents are the Deed of Trust dated 7 September 2005 and the Constitution 2011 which was approved at the Special Church Members Meeting on 16 May 2011.

The trustees are responsible for upholding and administering the church’s affairs in accordance with Governing Documents.

Appointment of Trustees

All trustees are members of the church who serve whilst it is evident that they are able and willing. New trustees are elected by members at a church member’s meeting following a recommendation by the existing trustees, in accordance with the church’s Governing Documents.

Organization

The trustees meet at least monthly to review all aspects of the charity’s activities and Members’ Church Meetings are held four times a year, which includes an annual Business Meeting.

Trustee Remuneration and Related Parties

None of the trustees receive remuneration or other benefit for their work for the charity. There were no related party transactions reported in the year between the charity and any trustee or any third party with contractual relationships with the charity.

Payments made to trustees during the year were for legitimately authorised and reimbursed expenses only.

The appointment of a Pastor in due course will involve the payment of a stipend and legitimately authorised expenses.

7

Risk Management

The trustees have assessed the major risks to which the charity is exposed, financial, operational and governance, and are satisfied that systems are in place to mitigate exposure to the major risks as far as possible. Such reviews are made within the meetings of the trustees. The trustees acknowledge that it has an important responsibility to be transparent to the Charity Commission and any other regulators to which it reports. As a matter of good practice, serious incidents should be reported to the Commission promptly. The trustees are to update the church’s Serious Incident Reporting Policy during 2024.

Trustees Responsibilities in Relation to the Financial Statements

The trustees are responsible for preparing the Trustee’s Report and the financial statements in accordance with applicable law and UK Accounting Standards (UK Generally Accepted Accounting Practice).

The charity’s trustees are responsible for preparing financial statements for each financial year that gives a true and fair view of the charity’s incoming resources and application of resources during the period and its “state of affairs” at the end of each year. In preparing the financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. 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.

Statement of Disclosure of information to Independent Examiner

There is no relevant examination information of which the charity’s independent examiner is unaware; and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant examination information and to establish that the examiner is aware of that information.

Independent Examiners Report

This is enclosed.

Approval

This report was Independently Examined and approved 1 March 2024, approved by the Trustees on 25 January 2024, approved by a Church Meeting on 26 February 2024 and signed on its behalf by J McQueen, Deacon/Treasurer 3 April 2024

J McQueen Deacon/Treasurer

We acknowledge that we are solely reliant on God’s goodness and mercy and are truly thankful.

8

1188784
Mount Road Baptist Church, Hinckley 1188784
Receipts andpayments accounts CC16a
01.01.2023
For the period
from		 To 31.12.2023

Section A Receipts and payments

A1 Receipts Unrestricted
funds
to the nearest
£
36,112
3,439
1,000
250
12,435
9,092
857
1,150
64,335
-
-
-
64,335
-
31,638
5,021
54,104
4,472
7,216
-
-
-
102,451
-
-
-
102,451
- 38,116
99,389
61,273		 Restricted
funds
to the nearest £
648
55
-
-
13,018
162
-
-
13,883
-
-
-
13,883
-
1,010
-
-
-
-
-
785
-
1,795
-
-
-
1,795
12,088
872
12,960		 Endowment
funds
to the nearest £		 Total funds
to the nearest £
36,760
3,494
1,000
250
25,453
9,254
857
1,150
78,218
-
-
-
78,218
-
32,648
5,021
54,104
4,472
7,216
-
785
-
104,246
-
-
-
104,246
- 26,028		 Total funds
to the nearest £
36,760
3,494
1,000
250
25,453
9,254
857
1,150
78,218
-
-
-
78,218
-
32,648
5,021
54,104
4,472
7,216
-
785
-
104,246
-
-
-
104,246
- 26,028		 Last year
to the nearest £
Gift Aid 36,112 -
-
-
-
-
-
-
-
-		 36,760 36,675
Gift Aid Small Donations 3,439 3,494 4,782
1,000 1,000 -
Use of Premises 250 250 -
Other Offerings 12,435 25,453 12,111
Income Tax recovery- Gift Aid 9,092 9,254 9,084
Income Tax recovery- GASDS 857 857 1,340
Bank Interest 1,150 1,150 233
Sub total(Gross income for
AR)		 64,335 78,218 64,225
A2 Asset and investment sales,
(see table).
- -
-
-		 -
- - -
Sub total - - -
Total receipts
A3 Payments
- 78,218 64,225
Employment Costs - -
-
-
-
-
-
-
-
-
-		 - -
Mission Support 31,638 32,648 32,995
Utilities 5,021 5,021 2,330
Asset Maintenance 54,104 54,104 27,455
Ministry 4,472 4,472 5,072
Other Expenses 7,216 7,216 2,680
Asset Acquisition - - 958
Diaconal Aid - 785 7,000
- - -
**Sub total ** 102,451 104,246 78,490
A4 Asset and investment
purchases, (see table)
- -
-
-		 -
- - -
**Sub total ** - - -
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
- 104,246 78,490
- 38,116 12,088 - - 26,028 - 14,265
-
-		 - -
99,389 872 100,261 114,526
61,273 12,960 - 74,233 100,261

CCXX R1 accounts (SS)

09/03/2024

1

Section B Statement of assets and liabilities at the end of the period

Categories
Signed by one or two trustees on
behalf of all the trustees
B1 Cash funds
B2 Other monetary assets
B4 Assets retained for the
charity’s own use
B5 Liabilities
B3 Investment assets		 Signature
Literature
Maintenance
Media/Music
Toys/Games
Details
Details
Catering
Cleaning
Furniture/Furnishings
Gas/Electrics
Health/Safety
Lloyds Bank Treasurers
Lloyds Bank Instant Access
Hinckley & Rugby Building Society
Details
Details
Total cash funds
(agree balances with receipts and payments
account(s))
HMRC Tax Reclaim due
Details		 Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
15,684
12,960
45,589
-
-
-
61,273
12,960
OK
OK
Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
2,472
41
-
-
-
-
-
-
-
-
-
-
Fund to which
asset belongs
Cost (optional)
-
-
-
-
-
Fund to which
asset belongs
Cost (optional)
Unrestricted
-
Unrestricted
-
Unrestricted
-
Unrestricted
-
Unrestricted
-
Unrestricted
-
Unrestricted
-
Unrestricted
-
Unrestricted
-
Fund to which
liability relates
Amount due
(optional)
-
-
-
-
-
Print Name
James McQueen		 Endowment
funds
to nearest £
-
-
-
-
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
Current value
(optional)
3,047
579
23,957
12,019
6,924
11,548
384
16,135
1,300
When due
(optional)
Date of
approval
James McQueen

CCXX R2 accounts (SS)

09/03/2024

2

(HARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of MOUNT ROAD BAPTIST CHURCH. HINCKLEY On accounts for the year ended 31 DECEMBER 2023 Charity no (if any) 1188784 Set out on pages RECEIPTS AND PAYMENTS ACCOUNTS, DATED 3111212023, PAGES 1 AND2 I report to the trustees on my examination of the accounts of the above chartty (Ihe Trusf) for the year ended 3111212023. Responsibilities and basis of report As the charity's trustees, you are responsible for the preparation of the accounts in accordancy wtth the requirements of the Charities Act 2011 Acf). I report in respect of my examination of the Twst's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the appticable Directions given by the Charity Commission under section 145(5)(b) of the AGL Independent I have completed my examination. I confimi that no material matters have examinerfs statement come to my attention in connection with the examination which gives me cause to believe that in. any material respect.. the accounbng reo)rds were not kept in accordan￿ with section 130 of the Charities Act" or the accounts did not accord with the accounting records., or the accounts did not comply with the applicable requirements conorning the fom and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and fairf view which is not a matter nsidered as part of an independent examination. I have no COn￿mS and have come across no other matters in connection with the examinats.on to whith attention should be drawn in this report in order to enable a proper understsnding of the accounts to be reached. Signed: 0110312024 Name: KEITH WRANGLES Relevant professional qualification(s) or body (rfany): Address: 249 COLESHILL HEATH ROAD MARSTON GREEN IER Oct 2018

BIRMINGHAM B37 7HY Section B Disclosure Only Gomplete rf the examiner needs to highlight matenal matters of con￿rn (see CC32, Independent examination of chartty accounts: directions and guidance for examiners). Give here brief detsils of any items that the examiner wlshes to disclose. IER Oct 2018