Belper Baptist Church (Registered charity, number 1190792) Financial statements for the period 10 August 2020 to 5 April 2021
| Page | Contents |
|---|---|
| 2 - 4 | Trustees’ annual report |
| 5 | Independent examiner’s report |
| 6 | Receipts & payments account |
| 7 | Statement of assets & liabilities |
| 8 - 10 | Notes to the accounts |
Belper Baptist Church Trustees’ annual report for the period 10 August 2020 to 5 April 2021
Full name Belper Baptist Church
Organisation type Charitable Incorporated Organisation
Registered charity number 1190792
Principal address
c/o Raymond Lesley, Church Secretary, 4 Walnut Road, Belper DE56 1RG
Trustees
Raymond Lesley, Church Secretary, from 10/6/20 Jonathan White, from 15/7/20 Julia Bell, from 15/7/20
Jo Lambourne, from 15/7/20 Nico Prinsloo, from 15/7/20 Lorraine Bolger, from 15/7/20
Independent examiner
John O’Brien, employee of Community Accounting Plus, Units 1 & 2 North West, 41 Talbot Street, Nottingham, NG1 5GL
Governance and management
The charity is operated under the rules of its constitution adopted 10 June 2020 at a Special Church Meeting.
Revd Derek Allan was appointed Moderator with effect from 16 October 2020. He receives a nominal salary of £600 per year.
Ministers are appointed by the Church Members requiring the support of at least 70% of those voting and become Trustees by virtue of office. Other Trustees including the Secretary and Treasurer are appointed for fixed periods and also require the support of at least 70% of those voting. Election of Trustees is covered in Sections 14.6 to 15.4 of the Church Constitution. The Trustees are responsible for the governance of the charity. The Church operates under a biblical Leadership Team structure comprising Minister(s), Elders and Deacons. Elected Trustees serve as Deacons. Elders are nominated by the Trustees and affirmed by the Church Members. Elders are not automatically Trustees.
Objectives and activities
The principle 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 or other parts of the world.
Public benefit statement
The Trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit, 'Charities and Public Benefit'.
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Belper Baptist Church
Summary of the main activities undertaken for the public benefit
Weekly Sunday services with worship, prayer, preaching and teaching and fellowship; Pastoral support to individuals; Mid-week meetings for bible study, prayer and fellowship; Children's and youth work; Support to local charitable causes including Hope for Belper; Support to mission activities in the UK (Home Mission) and overseas (Baptist Missionary Society - BMS) and direct support to a church in Uganda.
All Church activities with exception of Trustees and Members meetings are open to the public. The Church website encourages people to visit and attend activities of the Church.
The Minister and other members of the church provide pastoral care and practical support to any member of the community who seeks it. The Church holds regular open drop in sessions. Advancement of the Christian faith has educational and social benefits as well as spiritual to individuals and local communities.
Summary of the main achievements during the period
During the current period the Church building was not used for Sunday worship or church mid-week activities because of the restrictions and regulations imposed under Government and Baptist Union advice related to COVID-19. Sunday worship was held every Sunday morning on-line using Zoom. It has been encouraging that the vast majority of the fellowship joined us each week, some joining by telephone. This format enabled interactive participation and engagement. Mid-week bible studies and youth work also continued on-line. Daily morning prayer meetings on Zoom were introduced. The weekly Inspire magazine continues to be published electronically and in print for those without access to broadband.
The Church continued to host the Hope for Belper Community Hub and Food Bank. During the pandemic demand for support from the Food Bank increased substantially.
The church transitioned to become a Charitable Incorporated Organisation (CIO) with effect from 1 January 2021 - Charity Registration No 1190792. All of the assets and liabilities of the unincorporated church were transferred to the CIO.
The Revd Derek Allan continues to be employed as Moderator to help guide the Church through the process of calling a new Minister. A Fellowship Link Team ensures that every family within the fellowship is contacted weekly offering practical and spiritual care and support.
The Church re-opening team continues to monitor Government and BU guidance in respect of events that can be carried out within the building and carry out the appropriate risk assessments.
Despite the challenges of COVID-19 the Church continued to fulfil its purposes in a positive and healthy way.
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Belper Baptist Church
Financial review & risk
Over the course of the period 1 January 2021 to 5 April 2021 receipts exceed payments of £8,291. The manse previously occupied by the Minister generates a net rental of £726 per month. Receipts from Sunday loose offerings were significantly down with no services being held in the building. Regular Gift Aid donations to the bank were sustained at pre COVID levels. Not paying a Minister during the period reduced costs significantly resulting in a healthy operating surplus over the period. This included making £4,292 in Charitable donations. Current risks whilst no Minister is employed are minimal. The church intends to employ a Minister in the near future. There is a financial risk that post COVID loose offerings will not recover to previous levels. Employing a full time Minister would result in an operating deficit of circa £9,000 per year if receipts are at pre-COVID levels. During the interregnum funds have been accumulated in a Future Ministry Fund which would be allocated to cover the funding gap until giving increases as the church grows. This fund will only last a few years.
The church has a historic Baptist Union Pension Scheme debt of £26,300 at March 2021.The Church makes monthly pension deficit contributions to the scheme but these do not directly reduce the debt attributable to the church. The greatest risk is the triggering of a Cessation event at which point the full pension debt would become payable immediately. The trustees took the appropriate steps to ensure that when Revd Andrew Miles ceased to be Pastor of the Church on 13 April 2020 a Cessation event was not triggered. The Church was granted an initial Period of Grace until 31 March 2021. As part of the legal requirements for the CIO transfer of assets and liabilities, the Moderator became an employee of the Church on a nominal salary enabling him to become a temporary member of the Pension Scheme. As a result the church is not currently in a Period of Grace. This risk will be kept under review.
The charity’s policy on reserves
The Church relies on voluntary donations from those attending to fund all of its activities including the employment of a Minister. Additional receipts come from rents for the use of church properties which can be planned for. One-off donations are received on an ad hoc basis.
In the event the Church ceased to function or attract people expenditure would end very quickly other than outstanding utility bills and any payments due to any employed Minister under their terms of employment. It may be necessary to pay and house the Minister for a 6 month notice period. In cash flow terms a reserve of around £15,000 is deemed sufficient.
Signed on behalf of the charity’s trustees:
Signed ______ Date _ Raymond Lesley, Trustee
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Independent examiner’s report to the trustees of Belper Baptist Church for the period 10 August 2020 to 5 April 2021
I report to the trustees on my examination of the accounts of Belper Baptist Church (the charity) for the period 10 August 2020 to 5 April 2021.
Responsibilities and basis of report
As the trustees of the charity 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 the charity’s accounts 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 matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the accounts do not accord with those records.
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.
Signed ____ Date _______ John O’Brien MSc, FCCA, FCIE Employee of Community Accounting Plus
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Belper Baptist Church Receipts & payments account for the period 10 August 2020 to 5 April 2021
| Note Receipts Opening transfer 2 Weekly loose offerings Covenanted Gift Aid offerings Donations and other income Income tax recovered on Gift Aid offerings 3 Rents and contributions for use of premises 4 Raised for other causes Total receipts Payments Ministry Leadership team expenses Fees & insurances 5 Mission - Support to outside bodies 6 Utility bills Upkeep of church premises Light company (Junior Church) Baptist pension deficit Miscellaneous, Magazine & printing 7 Total payments Net receipts/(payments) Cash funds at start of this period Cash funds at end of this period |
10 August 2020 to 5 April 2021 £ 57958 1075 7000 730 4898 2478 397 |
|---|---|
| 74536 | |
| 200 50 1699 4292 738 112 63 924 213 |
|
| 8291 | |
| 66245 - |
|
| 66245 |
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Belper Baptist Church Statement of assets and liabilities for the period 10 August 2020 to 5 April 2021
| Cash assets Note Current account (general) Capital reserve account Other monetary assets Debtors - Income tax recoverable on Gift Aid offerings Prepayments - Fees & insurances: Licences Assets retained for the charity’s own use Insured value of church buildings Market value of Blackden Manse General equipment Kitchen appliances purchased October 2017 for £1,709 Liabilities Creditors 9 |
10 August 2020 to 5 April 2021 £ 66173 72 |
|---|---|
| 66245 | |
| 1750 786 |
|
| 2536 | |
| 1711174 245000 (26780) |
|
| (26780) |
These financial statements are accepted on behalf of the charity by:
Signed _____ Dated _____ Rev’d David Harvey, Trustee
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Belper Baptist Church Notes to the accounts for the period 10 August 2020 to 5 April 2021
1. Receipts & payments accounts
Receipts and payments accounts contain a summary of money received and money spent during the period and a list of assets and liabilities at the end of the period. Usually, cash received and cash spent will include transactions through bank accounts and cash in hand.
2. Opening transfer
The charity registered as a Charitable Incorporated Organisation (CIO) on the 10[th] August 2020 and the balances of the funds and operations of the previous unincorporated Belper Baptist Church were transferred into this charity upon its closure on 31[st] December 2020.
3. Income tax recovered on gift aid offerings
HMRC tax rebate for the period April to December 2020 relating to the unincorporated Belper Baptist Church.
4. Rents and contributions for use of premises
Rent for use of building by H4B = £300 plus £2,178 which represents the net rental income for the manse after management fees of £297 were deducted.
5. Fees & insurances
£980 Fees and insurances plus £719 Professional fees.
6. Mission – Support to outside bodies Charitable giving including BMS, Home Mission, DEC Uganda church building project.
7. Miscellaneous, Magazine & printing
Flowers and advertising
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Belper Baptist Church Notes to the accounts continued
8. Fund Analysis
| 8. Fund Analysis | |||||
|---|---|---|---|---|---|
| Unrestricted funds General Belper Womens Meeting Benevolent Fund Local Causes Manse Repair Fund PA System Tithe BMS Emergency Appeals Future ministry |
Opening transfers £ 29530 336 2818 2043 1085 111 1455 2000 1715 16865 57958 |
Receipts £ 13144 - - - - - 1618 302 - 1514 16578 |
(Payments) £ (3969) - - (2000) - (30) - (2292) - - (8291) |
Transfers £ (5400) - - - - - - - - 5400 - |
Closing balance £ 33305 336 2818 43 1085 81 3073 10 1715 23779 |
| 66245 |
Active Designated Funds:
Belper Women's Meeting: Balance £336. Purpose: To facilitate the activities of the group. The group is not currently meeting.
BMS: Balance £10. Purpose: To support the work of the Baptist World Wide Mission. The balance results from the annual distribution of funds accumulated in the Tithe Designated Fund.
Benevolent Fund: Balance £2,818. Purpose: To enable the Minister/Elder to distribute funds at their discretion to meet individual needs within the fellowship or wider community.
Emergency Appeals: Balance £1,715. Purpose: To enable the Church trustees to respond quickly to World wide emergency appeals.
Local Causes: Balance £43 Purpose: To support projects in the local community. The funds are currently committed to supporting the Hope for Belper Community Hub and Food Bank.
PA System: Balance £81. Purpose: Originally set up with a £5,000 balance to improve technlogy used to enhance the worship experience.
Manse Repair Fund: Balance £1,085. Purpose: To fund any repairs to the Manse.
Tithe: Balance £3,073. Purpose: To build up a fund to distribute as Charitable Giving. 10% of donations and other income is set aside in this fund. It is distributed once a year by the Church Members usually based on the recommendations of the trustees.
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Belper Baptist Church Notes to the accounts (continued)
Future MInistry: Balance £23,779. Purpose: To build up funds to cover any shortfall between the future costs of employing a Minister and receipts. During the interregnum, a sum is added to this fund equivalent to the costs of employing a 3/4 time Minister together with post tithe Manse rental and solar panel rceipts. (The previous Minister was employed 3/4 time).
9. Creditors
£ Fees & insurances 480 Baptist pension fund (Employers debt) 26300 26780
10. Previous period comparison
The previous period’s figures have not been included for comparison because this is the charity’s first accounting period.
11. Glossary of terms
Creditors: These are amounts owed by the charity, but not paid during the accounting period.
Debtors: These are amounts owed to the charity, but not received in the accounting period.
Prepayments: These are services that the charity has paid for in advance, but not used during the accounting period.
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