Belper Baptist Church (Registered charity, number 1190792} Financial statements for the year ended 5 April 2024 Page Contents Trustees, annual report Independent examiner's report Receipts & payments account statement of assets & liabilities Notes to the accounts 8-10 capLUS COMMUNITr ACCOUNTING
Belper Baptist Church Trustees, annual report for the year ended 5 April 2024 Full name Belper Baptist Church Organisation type Charitable incorporated organisation Registered charity number 1190792 Principal address clo Rev Dr Robert Foster. Minister, 16 Hillcrest, Belper DE56 OJF Trustees Rev Dr Robert Foster, Minister & Chair Adriaan van Wyk, Treasurer, from 18.10.23 Raymond Lesley Jonathan White Lorraine Bolger Joanna Lambourne Rev David Harvey, until 18.10.23 Independent examiner John O'Brien, employee of Community Accounting Plus, Units 1 & 2 North West, 41 Talbot Street, Nottingham. NG15GL Governance and management The charily is operaled under the rules of its constitution adopted 10 June 2020 at a Special Church Meeting. From 1 September 2022 Rev Robert Foster became the part-time Minister of the church. He is remunerated at 75 /0 of the Baptist Union standard stipend together with a housing allowance and agreed reimbursements to cover operating expenses, Council Tax and Water charges. Robert is Chair of the Charity trustees. Ministers are appointed by the Church members. Trustees including the Secretary and Treasurer are appointed by the Church members to seNe for fixed periods. Objectives and activities 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 or other parts of the world. Some of our activities include., Weekly Sunday services with worship. prayer, preaching, 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 who run a food bank and a community hub; Support to mission activities in the UK (Home Mission) and overseas {Baptist Missionary Society- BMS) and direct support to churches in Uganda and Ghana. The church responds to Emergency Appeals.,
Belper Baptist Church Making the church building available for use by local organisations where their activities are compatible with the church's declaration of faith. Public benefit statement The Trustees confirm that they have complied with Ihe duty in section 17 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit, 'Charilies and Public Benefit,. Summary of the main activities undertaken for the public benefit 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 aim to provide appropriate 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 The church continues to arrange weekly Sunday worship and mid-week activities. Fellowship Link Teams ensure that every family within the fellowship is contacted regularly and is offered practical care and spiritual support. The Inspire magazine continues to be published monthly electronically and in print for those without access to the internet. Daily prayer meetings and a weekly house group for study and prayer meet online. The in-person house group has continued to meet and a new monthly prayer meeting has begun. There are activities for children and young people on Sundays, along with regular all-age worship. In the wider community, members of the fellowship participate in a prayer ministry for Belper supported by a number of churches and individuals. Some of our young people attend a weekly Young People's Fellowship organised by another church and some are involved in the local secondary school's Christian Union. The Church continues to host the Hope for Belper Community Hub and Food Bank. Demand for support from the Food Bank conlinues to increase. Supportive relationships are being built through these activities. During this financial year, the church has invested furlher in upgrades to our audio visual systems to enhance our worship experience for those in the building and on-line. There have also been repairs to the kitchen area, which are expected to continue into the next financial year. Financial review & risk Over the course of the period 6 April 2023 to 5 April 2024 receipts exceeded payments by £51,387. This surplus resulted primarily due to a legacy gift left to the church in a previous member's will to the amount of £48,284. The manse previously occupied by the Minister generates a net rental of £726 per month. Receipts from Sunday loose offerings as well as Regular Gift Aid Donations and Deposit Account Interest have increased in the year. Income from Solar Panels installed on the Manse as well as receipts for Rents & Use of the Building remain at similar levels to last year. We also
Belper Baptist Church raised an additional £600 for specific other causes, which have Sin been distributed to said causes. We made additional investment of £1,830 in computer and audio visual equipment, spent £3,530 on a replacement boiler for the Manse whilst delivering a modest operating surplus over the period of £3,139 (excluding the legacy gift)- This included making £9,282 in Charitable donations. Based on current levels of giving. budget estimates for 2024-25 indicate that with a 75 % part-time minister in post, there may be a modest operating shortfall of circa £7,900. This does not include the major improvements mentioned above. Costs beyond April 2025 are anticipated to increase depending on inflation and coming off fixed price contracts for gas and electricity. During the pastoral vacancy, funds have been accumulated in a Future Ministry Fund which will be used to cover any funding gap in the short term with an expectation that the church will grow and giving will increase. This fund will only last a few years. The Church's debts to the Baptist Union Defined Benefit Pension Scheme has now been eliminated. As a result of national initiatives by the Baptist Union, the monthly pension deficit payments were reduced to a nominal £1 during this financial period, and it is expected to cease at some point during the current year. 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 temis of employment. It may then 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. We intend to use some of our reseNes in the coming year to fund a number of projects. These include addressing emergency access to the back garden of the Church building for evacuation purposes, further repairs to the kitchen and improving the building's carbon footprint through the installation of solar panels. We also intend to make additional Charitable donations from designated funds and therefore expect our reserves to reduce by approximately £48,000 during the year. Signed on behalf of the charity's trustees.. Signed Rev Dr Robert Foster, Trustee Date 2917124
Independent examiner's report to the trustees of Belper Baptist Church for the year ended 5 April 2024 I report to the trustees on my examination of the accounts of Belper Baptist Church (the charity) for the year ended 5 April 2024. 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(51(b) of the Act. Independent examiner's statement I have completed my examinalion. 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 2. 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 John O'Brit. CCA, FCIE Employee of Community Accounting Plus Date 0110812024
Belper Baptist Church Receipts & payments account for the year ended 5 April 2024 2023 2024 Note Receipts Weekly loose offerirrfJs Covenanted Gift Aid offerirKJs Donations aryl otrEr Irome Income tax recovered on Gift Aid offeriThgs Rents arKI contributions for use of premises Raised for other causes Bank interest Total receipts 7540 31400 2667 7510 11067 251 308 60743 11983 34315 50800 8681 10952 600 898 118229 Payments Ministry Major church imporovements Leadership team expenses Fees & insurances Mission- support to ouiside bodies Utility bills Upkeep of Church premises Light company (Junior Church) Baptist pension deficit Miscellaneous, Magaztnes & printing Gifts and donations paid Total payments 21004 11434 1721 4469 7746 3910 5131 918 1258 771 36185 183 5186 9282 4340 7731 334 3074 527 66842 58362 2381 90359 92740 Net receiptsl(payments) Cash fvrKJs at start ofthis period Cash funds at end of this period 51387 92740 144127
Belper Baptist Church Statement of assets and liabilities at 5 April 2024 2023 2024 Cash assets 22347 Current account (general) 70393 Capital reseNe account Baptist Union Deposit account 23588 40496 80043 144127 92740 Other monetary assets 8618 Debtors - Irorne tax recoverable on Gift Aid offeriros 2374 Prepayments - Fees arKI insurances 10992 9332 2553 11885 Assets retained for the charity's own use 2076491 Insured valLE of clljrch buildirgs 245000 Market value of Blackden Mar6e 2325670 319000 General equipment Audio Msual equipEnt, purchased March 2024, cost £626 Audio Msual equipment, purchased January 2023, cost £9,005 Kitchen appliances, purchased October 2017, cost £1,709 Liabilities Creditors - Fees and irsurarces 516 (5161 570 {570) These financial statements are accepted on behalf of the charity by.. Signed Adriaan van Wyk, Trustee Dated 2910712024
Belper Baptist Church Notes to the accounts for the year ended 5 April 2024 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. Donations & other income Legacy Donations 48284 2516 50800 3. Income tax recovered on Gift Aid offerings HMRC tax rebate for the period to April 2023. 4. Rent and contributions for use of premises Rent for use of building by H4B £1,800 plus £8,712 {which represents the net rental income for the manse, after management fees of £1,188 were deducted) plus other rents of £440. S. Fees & insurances £4,454 Fees & insurances plus £732 professional fees. 6. Mission - Support to outside bodies Charitable giving including to BMS, Home Mission, HOPE Belper & Emergency appeals. 7. Fund Analysis Opening balance Receipts {Payments) Transfers Closing balance U nrestricted funds General Benevolent Fund Local Causes Manse Repair Fund Tithe BMS EmergencyAppeals Future ministry Home Mission Hope Belper Legacy 21723 2318 1043 3278 2757 62411 (54104} (400) (172) (3530} {2837) 27193 1918 3828 1248 4516 2957 1500 (10000) 2000 3785 {1405) 2000 2000 11759 100 (2100} (2000} 215 61406 2000 60001 (2000} (2500} 36 (66842) 500 43459 118229 43423 144127 92740
Belper Baptist Church Notes to the accounts (continued) for the year ended 5 April 2024 Active Designated Funds.. Benevolent Fund.. Balance £1,918. Purpose.. To enable the Minister to distribute funds at their discretion to meet individual needs within the fellowship or wider community. Local Causes.. Balance £3,828 Purpose: To support projects in the local community. The funds are currently committed to supporting the Hope for Belper Community Hub and Food Bank. Manse Re Manse. air Fund: Balance £1,248 Purpose.. To fund any repairs or upgrades to the Tithe.. Balance £4,516. Purpose.. To build up a fund to distribute as Charitable Giving. 100/0 of donations and other income is set aside in this fund. It is distribuled once a year by the Church Members usually based on the recommendations of the trustees. BMS: Balance £0. Purpose: To support the work of the Baptist World Wide Mission.Any balance results from the annual distribution of funds accumulated in the Tithe Designated Fund. Contributions are made each year from a distribution of the tithe on receipts. Emer enc eals.. Balance £2,000. Purpose.. To enable the Church trustees to respond quickly to world wide emergency appeals. The fund is topped up from general funds. Fulure Minist Balance £60,001. Purpose.. To build up funds to cover any shortfall between the future costs of employing a Minister and receipts. During the pastoral vacancy, a sum was added to this fund equivalent to the monthly costs of employing a 314 time Minister together with some post tithe Manse rental and solar panel receipts. Funds may be reallocated for other ministry and missional purposes. Home Mission: Balan £0. Purpose.. To support the wider Baptist Family through the provision of Regional ministry and grants to churches. Contributions are made each year from a distribution of the tithe on reIptS. ac . Balance £43,423. Purpose.. Funds donated to the Church in wills, intended to be used for major projects andlor initiatives in memory of those who made the donations. 10 % of the legacy received this year was allocated to the Tithe designated fund.
- Related party transactions We have a Trustee member called Jo Lambourne who is employed by Hope For Belper, a charity we actively support. Her salary is not linked to our donations to the charity. We donated a total of £2,900 to Hope For Belper in the year.
- Trustees, remuneration During this period, a gross pay of £28,978 plus employer pension contributions of £3,039 were paid in respect of Rev'd Dr Robert Foster.
- 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. 10