2022-12-31-accounts

Long Crendon Baptist Church CIO

Report and Accounts Year ended 31 December 2022

1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk

LONG CRENDON BAPTIST CHURCH

FOR THE YEAR ENDED 31 DECEMBER 2022 CHARITY INFORMATION

Trustees	Simon Howard	(resigned 2 February 2023)
	James Hughes	(resigned 21 June 2022)
		(re-appointed 1 January 2023)
	Sarbjit Klair	(appointed 5 February 2022)
	Alister Kratt	(appointed 2 February 2023)
	Nigel Smith
	Neil Turton
	Colin White
	Geoff Wood	(resigned 31 December 2022)
Key Staff	Neil Turton
	Colin White
	Sarbjit Klair
Governing Document	CIO constitution	dated 30 November 2020
Charity Registration Number	1192575
Principal Address:	High Street
	Long Crendon
	Aylesbury
	Buckinghamshire
	HP18 9AF
Independent Examiner	Ajay Rajani FCIE
	Stewardship
	1 Lamb's Passage
	London
	EC1Y 8AB
Bankers	Santander
	Bridle Road
	Bootle
	Merseyside
	GIR 0AA

CONTENTS

	Page
Charity Information	1
Trustees' Report	2 - 6
Independent Examiner's Report	7
Statement of Financial Activities	8
Balance Sheet	9
Notes to the Accounts	10 - 16
Detailed Statement of Financial Activities with Comparatives	17

Page 1

LONG CRENDON BAPTIST CHURCH

MANAGING TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2022

________________

Overview

Long Crendon Baptist Church is a lively evangelical church situated in a large village in Buckinghamshire. The Church has a full programme of services and mid-week activities that serve the village itself as well as the surrounding towns and villages and the Church also supports missionary work in the UK and overseas. The Church’s focus in the year has been on continuing to implement its vision to see lives changed by Christ. The Managing Trustees present this report for the year ended December 2022 with thanks to God for his continued faithfulness.

Transfer of assets and activities to the charitable incorporated organisation

Long Crendon Baptist Church is a charitable incorporated organisation ('CIO') which was registered with the Charity Commission on 30 November 2020 (registration number 1192575), to continue the work which has been ongoing in the village since 1799, and in the current building since 1853.

Until 30 June 2021 the charity operated as an unincorporated charity with the same name. On 30 June 2021 the unincorporated charity transferred its net assets and its activities to the CIO (the CIO was dormant before this date) and the unincorporated charity ceased to operate. Once all land registry updates for the transfer of property (the church building and two manses) were completed, the unincorporated charity was closed, and formally deregistered by the Charity Commission on 18 February 2022.

Structure, governance and management

The Managing Trustees are the Elders of the Church who comprise the Pastors and Lay Elders (non-pastors). The Pastors are Elders whose gift in preaching, teaching and pastoral care has been recognised by the Church and have been appointed by the Church to exercise such a ministry. Three of the Elders, Neil Turton, Sarb Klair and Colin White, are appointed as Pastors and are remunerated accordingly.

Lay Elders are voted in by church members to serve as Elders and Trustees. New Pastors are voted into post by the church members, and become trustees on satisfactorily passing their 6-month review.

A Managing Trustee may resign at any time. Lay Elders are elected for five yearly terms. Managing Trustees meet on a regular basis throughout the year. Geoff Wood completed his second 5-year term as Elder at the end of 2022, we thank him for his service and continued involvement as a church member. Simon Howard stepped down from trusteeship and his role as Chair of Trustees on 2[nd] February 2023, his input as Chair of Trustees over the past five years has been appreciated by the other trustees and church members. Alister Kratt was voted in by Members as an interim trustee from 2[nd] February 2023, while the Elders consider who in the congregation could be invited to join them in the future. Members will vote on any proposed future Elder/Trustees in due course.

A significant part of the pastoral administrative work of the Church was carried out by two part-time paid Administrators: Helen Walker is the Pastoral Administrator, Sarah Rothwell is the Financial Administrator and Operations Manager.

The other members of the staff team comprised a voluntary Women’s Worker, Liz Turton, and a Youth and Children’s Worker, Nathan Elliott.

Page 2

LONG CRENDON BAPTIST CHURCH

MANAGING TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2022

________________

In the academic year from September 2022 to July 2023 we have one ongoing participant in our ministry training scheme who will continue to benefit from internal and external Bible training as well as gaining experience in serving in different areas of ministry in the church and with other partner churches. We are advertising for new ministry trainees for the academic year 2023-4.

The voluntary service of a great number of people, as a response to God’s love, continues to be an essential part of the life of the Church and enables the many activities and events to be held. During the year, six new members were welcomed into Church membership. As at 31 December 2022 there were 146 members. Three people were baptised during the year.

The Managing Trustees regularly assess the major risks to which the Church is exposed and ensure that systems are in place to mitigate exposure to the major risks including ensuring all necessary DBS checks are carried out and are clear.

Objectives and activities for the public benefit

The primary objective of the Church is the promotion of our Lord Jesus Christ for the benefit of the public.

The purposes of the Church are the advancement of the Christian faith in accordance with the Basis of Faith set out in the Church Constitution primarily, but not exclusively, within Long Crendon and the surrounding neighbourhood, and such other charitable purposes as shall, in the opinion of the Members of the Church, further the work of the Church.

The Managing Trustees have given due regard to guidance on Public Benefit, as published by the Charity Commission, to provide a distinct public benefit in planning the activities of the Church.

The vision of the Church is to see lives changed by Christ. Most of the Church’s activities are directed at providing either a spiritual or practical benefit to members of the public. Activities are organised for people of all ages and stages of life: for young children and their parents and carers, children and young people, single and married adults and older people. There have been real benefits in personal and family relationships as a consequence of the application of Bible teaching.

The Church believes in the sanctity of heterosexual marriage and provides counselling and support to help strengthen the relationships of those who are married, and also helps prepare couples for marriage. Apart from the Church Members’ meetings, all meetings are freely open to the public and we have been very much encouraged by a number of visitors and interested friends who have come along.

The Church’s vision for providing public benefit extends outside of the local area with contributions being made both financially and through members working as missionaries for the promotion of the Christian faith, education and the relief of poverty and hardship in several parts of the world. One tenth of general offering income is allocated to world mission in addition to donations given for specific purposes and a further budget is set aside to support UK mission.

LCBC’s three-year financial commitment to support a local church in Marlow, in partnership with the FIEC and Carey Baptist Church in Reading, came to an end in September 2022 as they are now financially self-sustaining. We continue to pray for them, and look forward to hearing more about what the Lord does there in the future.

Page 3

LONG CRENDON BAPTIST CHURCH

MANAGING TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2022

________________

Review of Achievements, Performance and Notable Events

The vision of LCBC (what we want to see happen) is to see lives changed by Christ.

The mission (what we as a Church feel we are called to do to make that happen) consists of four broad areas: equipping each other to love Christ wholeheartedly and live out the Gospel in all of life; encouraging one another to use our gifts in joyful service and persevere in the face of trials; engaging the local community with the love of Christ through word and deed; and enabling Gospel work to grow across our nation and the world.

The church has continued to be well-used throughout the year, both by the church and community groups. The local GP surgery meets every month for their practice training sessions, and a community table tennis, café, scrabble, gardening club and singing session are regular diary fixtures. Our Contact group provides hot meals and teas alongside an engaging programme for older people in the community. The church arts group Spectrum, Toybox (for pre-schoolers) and Babybox (support group for new parents and babies) meet regularly. A new Friday evening community youth group started during the year, as did Dads & Tots, a monthly group for Dads with young children to get to know each other.

Church practical care teams continue to provide help for those in the community with errands and transport (including medical appointments and a prescription pick-up service), DIY, gardening and provision of meals.

Our Sunday morning services continue to be streamed to help those who cannot attend in person.

Regular prayer meetings, men’s and women’s breakfasts and home groups meet throughout the year. Nearly 100 people enjoyed a church awayday at Ashfold School in June. A group from LCBC attended the Keswick Convention in August.

Special events –

Children’s Holiday Club: In the February 2022 half-term holiday, over 40 children were registered for a holiday club, including many children from the community.

Easter and Christmas 2022: Volunteers delivered an invitation to our Easter and Christmas services to every house in Long Crendon. As our services are live-streamed this continues to give the opportunity for people who are physically unable to attend to feel involved.

The Queen’s Jubilee: LCBC was part of the village celebrations in June, assisting with the logistics of the village street party, and leading a community singalong during the event.

The Queen’s Funeral: LCBC hosted a live-screening of the whole day’s coverage, to provide the opportunity for the community to come together to watch.

Village Fete: LCBC provided a community café at the Village Fete in July.

Memorial Service: A service was held in early December which gave the opportunity for people to come together to grieve for those they had lost, whether that be recently or years ago. This was advertised in the village and several local people joined us to remember relatives.

Page 4

LONG CRENDON BAPTIST CHURCH

MANAGING TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2022

________________

Financial Review and Reserves Policy

During the year income increased by £3,784 to £356,122, and expenditure increased by £86,421 to £452,061. As a result the charity has reported a deficit of £95,939 (2021: £13,302). If the charge for depreciation (which is a non-cash charge) is excluded, the result is a deficit of £61,916 (2021: a surplus of £23,500).

This year’s increase in expenditure was largely due to an increase in grant making (£56,667), an increase in pastoral staff costs (£17,162) following Sarbjit Klair’s appointment last year and an increase in ministry expenses (£12,271) following the easing of pandemic restrictions which allowed the church to do more this year.

The charity’s net assets decreased by this year’s deficit of £95,939 to £2,774,882. Net assets largely comprise tangible fixed assets (the church building, its contents and two manses) with a carrying value of £2,693,765 and cash of £89,073, of which £10,787 is held in restricted funds.

The trustees have agreed that the charity should aim to hold unrestricted cash of at least 3 months expenditure (£85,200 based on the 2023 budget) so that the charity could continue to operate smoothly should income and / or expenditure vary adversely.

During 2022, the Trustees invested surplus reserves in refurbishment of the baptismal pool, a new boiler for one of the manses, additional streaming equipment, and language school fees for Missionaries in Training, Josh and Helen Chard.

At the end of the year the charity held unrestricted cash of £78,286. This is slightly less than the target of £85,200 nonetheless the trustees are satisfied that the charity can continue to operate smoothly with this level of reserves for the time being.

Statement of Trustees’ Responsibilities

Charity law requires the Trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the Charity and of the income and expenditure of the Charity for that period. In preparing these accounts the Trustees are required to: -

• Select suitable accounting policies and then apply them consistently;

• Observe the methods and principles in the applicable Charities SORP;

• Make adjustments and estimates that are reasonable and prudent;

• State whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

• Prepare the accounts on the going concern basis unless it is inappropriate to presume that the Charity will continue to operate;

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the accounts comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Constitution They are also responsible for safeguarding assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees confirm that the accounts comply with current statutory requirements and those of the Charity’s Constitution.

Page 5

LONG CRENDON BAPTIST CHURCH

MANAGING TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2022

________________

Statement of Trustees’ Responsibilities continued

The Trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Signed on behalf of the Managing Trustees:

James Hughes

Sarbjit Klair

James Hughes Sarbjit Klair Chair of Trustees Trustee Date: 4 June 2023 Date: 4 June 2023

Page 6

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

LONG CRENDON BAPTIST CHURCH ('the Charity')

I report to the trustees on my examination of the accounts of the Charity for the year ended 31 December 2022 on pages 8 to 17 following, which have been prepared on the basis of the accounting policies set out on pages 10 and 11.

Responsibilities and basis of report

As the charity’s trustees of the Charitable Incorporated Organisation 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 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

Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a Fellow of the Association of Charity Independent Examiners, which is one of the listed bodies.

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:

1. 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; or

2. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.

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.

Ajay Rajani

Ajay Rajani FCIE Fellow of the Association of Charity Independent Examiners Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: 13 June 2023

Page 7

LONG CRENDON BAPTIST CHURCH

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2022

Note INCOME AND ENDOWMENTS FROM: Donations and legacies 3 Charitable activities 4 Investments Other trading activities Total income and endowments EXPENDITURE ON: Charitable activities: 5 Total expenditure Net income/(expenditure) Transfers between funds 12 Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 12	Unrestricted Funds £ 279,076 13,367 941 1,191 294,576 304,228 304,228 (9,652) (43,179) (52,831) 976,366 923,535	Restricted Funds £ 61,546 - - - 61,546 126,721 126,721 (65,175) 43,179 (21,996) 36,591 14,595	Endowment Funds £ - - - - - 21,112 21,112 (21,112) - (21,112) 1,857,864 1,836,752	Total 2022 £ 340,622 13,367 941 1,191 356,122 452,061 452,061 (95,939) - (95,939) 2,870,821 2,774,882	Total 2021 £ 343,603 6,312 764 1,659
					352,338
					365,640
					365,640
					(13,302) -
					(13,302) 2,884,123
					2,870,821

The statement of financial activities includes all gains and losses recognised in the period.

All income and expenditure derive from continuing operations.

The notes on pages 10 to 17 form part of these accounts.

Page 8

LONG CRENDON BAPTIST CHURCH

BALANCE SHEET

AS AT 31 DECEMBER 2022

Note FIXED ASSETS Tangible assets 7 CURRENT ASSETS Debtors 8 Cash at bank and in hand 9 CREDITORS: Amounts falling due within one year 10 Net current assets TOTAL NET ASSETS FUND BALANCES 12 Unrestricted Funds General funds Designated funds Restricted Funds Endowment Funds	Unrestricted Funds £ 857,013 6,881 78,286 85,167 18,645 66,522 923,535 923,535 - 923,535 - - 923,535	Restricted Funds £ - 3,808 10,787 14,595 - 14,595 14,595 - - - 14,595 - 14,595	Endowment Funds £ 1,836,752 - - - - - 1,836,752 - - - - 1,836,752 1,836,752	Total Funds 2022 £ 2,693,765 10,689 89,073 99,763 18,645 81,118 2,774,882 923,535 - 923,535 14,595 1,836,752 2,774,882	Total Funds 2021 £ 2,727,788
					8,105 142,878
					150,982 7,949
					143,034
					2,870,821
					976,366 -
					976,366 36,591 1,857,864
					2,870,821

The financial statements were approved by the Board of Trustees and were signed on its behalf by:

James Hughes

Sarbjit Klair

James Hughes Date: 4 June 2023

Sarbjit Klair Date: 4 June 2023

The notes on pages 10 to 17 form part of these accounts.

Page 9

LONG CRENDON BAPTIST CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2022

1 Statutory Information

The charity is a charitable incorporated organisation registered with the Charity Commission in England & Wales. The charity's registered number and principal address can be found on the Charity Information page.

2 Accounting Policies

These financial statements are prepared under the historical cost convention.

These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.

The principles adopted in the preparation of the financial statements are set out below.

a) Use of merger accounting

On 30 June 2021 a Trust with the same name (Long Crendon Baptist Church with charity registration number 1127039) transferred its net assets and its activities to the CIO. As permitted by the Charities SORP, this transfer has been accounted for as a merger because it qualifies as a charity reconstruction (whereby the charity has simply changed its legal form). In accordance with the requirements of merger accounting, the net assets of the trust were transferred at book value, not fair value, to the CIO. The comparatives presented in financial statements are the combined results of the Trust and the CIO for the year to 31 December 2021. The Trust was formally wound up on 18 February 2022.

b) Income

Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Income from donations includes recoverable gift aid. This is recognised when the related donation is received. Gift aid that has not been recovered by the balance sheet date is included as a debtor.

The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.

Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from church retreats and other events and courses.

c) Expenditure

Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

d) Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects. Endowment funds are donations that are retained as capital in accordance with the donor's wishes. The nature of the restriction determines whether the endowments represent permanent endowments or expendable endowments.

Page 10

LONG CRENDON BAPTIST CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2022

2 Accounting Policies continued

e) Tangible fixed assets

• Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £1,000 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:

Freehold buildings Over 100 years after taking account of the building's residual value Equipment Over 5 years

The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.

f) Pension scheme arrangements

The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.

g) Taxation

The charity has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.

h) Exemption from preparing a cashflow statement

The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.

3 Donations and legacies

Donations Income tax recoverable me from charitable activities Ministry events Use of premises Book room	Unrestricted Funds £ 231,818 47,259 279,076 Unrestricted Funds £ 9,894 2,664 809 13,367	Restricted Funds £ 51,046 10,500 61,546 Restricted Funds £ - - - -	Endowment Funds £ - - - Endowment Funds £ - - - -	Total 2022 £ 282,864 57,759 340,622 Total 2022 £ 9,894 2,664 809 13,367	Total 2021 £ 283,308 60,295
					343,603
					Total 2021 £ 4,436 1,330 546
					6,312

4 Income from charitable activities

Page 11

LONG CRENDON BAPTIST CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2022

5 Charitable expenditure

a Costs incurred directly on specific activities Pastoral ministry - staff Pastoral ministry - property Ministry - other expenditure Youth ministry - staff Youth ministry - other expenditure Events and outreach activities Ministry training scheme expenses Book room Small capital purchases Grants payable (note 5c) b Costs incurred on support & administration Governance costs Accounts preparation and independent examination Legal and professional fees Office expenses - staff Office expenses - other Subscriptions and professional fees Repairs and maintenance - premises and graveyard Utilities and insurance Cleaning and supplies Depreciation of tangible fixed assets Total expenditure	Unrestricted Funds £ 80,297 18,000 22,250 31,201 3,745 9,756 6,325 818 640 13,202 186,233 3,120 267 3,387 41,560 6,566 1,844 22,169 27,639 1,919 12,911 117,995 304,228	Restricted Funds £ - - - - - 1,096 - - - 125,625 126,721 - - - - - - - - - - - 126,721	Endowment Funds £ - - - - - - - - - - - - - - - - - - - - 21,112 21,112 21,112	Total 2022 £ 80,297 18,000 22,250 31,201 3,745 10,852 6,325 818 640 138,826 312,954 3,120 267 3,387 41,560 6,566 1,844 22,169 27,639 1,919 34,023 139,107 452,061	Total 2021 £ 63,135 18,000 15,942 31,122 2,341 3,425 8,184 642 1,824 82,159
					226,775
					3,520 5,277
					8,797 41,215 5,738 1,638 21,186 21,992 1,498 36,802
					138,865
					365,640

The fee payable to the independent examiner for preparing and examining the accounts is £3,120 (2021: £3,520). In addition the charity paid £1,070 (2021: £1,029) to Stewardship for payroll bureau and consultancy services.

c Grants payable

Grants for UK and overseas mission Grants for healthcare and the relief of poverty The comparatives for the previous year are as follows: Grants for UK and overseas mission Grants for healthcare and the relief of poverty	Institutions £ 130,995 5,063 136,058 Institutions £ 75,344 2,080 77,424	Individuals £ 2,486 282 2,768 Individuals £ 2,385 2,350 4,735	2022 £ 133,481 5,345
			138,826
			2021 £ 77,729 4,430
			82,159

Page 12

LONG CRENDON BAPTIST CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2022

5c Grants payable continued

The charity's principal grants to institutions comprised:

charity's principal grants to institutions comprised:
Serving in Mission Calarasi Church Romania - for the outreach work of the church - to help those affected by the war in Ukraine UFM Worldwide - to support individuals serving in mission - to support a clinic in Senegal Wycliffe Bible Translators Himalaya Crusade Pentecostal Church FIEC Khushkhabri Fellowship Tearfund Sharing Life Trust Open Doors Marlow Baptist Church South Central Gospel Partnership Grants to institutions for less than £1,000 each	2022 £ 37,783 20,575 10,439 14,900 17,350 10,184 8,262 5,614 3,000 2,100 2,234 1,545 1,000 - 1,074 136,058	2021 £ 18,603 12,744 - 14,385 - 9,689 8,956 5,640 1,500 - 1,004 1,724 - 1,000 2,180
		77,424

6 Analysis of staff costs, the cost of key management personnel and trustee remuneration

ysis of staff costs, the cost of key management personnel and trustee remuneration
Gross wages and salaries Social security Pension costs	2022 £ 134,713 4,874 13,471 153,058	2021 £ 116,590 7,335 11,548
		135,473

The average monthly number of employees during the year was 6 (2021: 5.4). Most of the charity's activities are carried out by volunteers.

No staff received salaries at a rate of more than £60,000 per annum.

The charity's key management comprise the trustees and the key staff named on the Charity Information page. Total employment benefits payable to key management for the year were as follows:

fits payable to key management for the year were as follows:
Employer Wages & pension salaries contributions Neil Turton (trustee) 25,655 2,565 Colin White (trustee) 19,295 1,929 Sarbjit Klair (trustee from February 2022) 25,655 2,565 following amounts were charged in the previous year: Employer Wages & pension salaries contributions Neil Turton (trustee) 24,967 2,497 Colin White (trustee) 18,777 1,878 Sarbjit Klair (key management but not a trustee in 2021) 10,455 1,045	2022 £ 28,220 21,224 28,220
	77,664
	2021 £ 27,464 20,655 11,500
	59,619

The following amounts were charged in the previous year:

Neil Turton, Colin White and Sarbjit Klair served as church leaders and received the above payments for serving in that capacity, not for serving as trustees; these payments are permitted by the charity's governing document.

In addition, the charity:

• a) incurred expenditure totalling £20,943 (2021: £26,514) in respect of the customary provision of accommodation to church leaders (who are key management) so that they could better perform their duties. The expenditure incurred in 2021 included a much needed renovation of one of the charity's manses.

• b) also paid rent of £18,000 (2021: £18,000) to Neil Turton and his wife for a property owned and occupied by them as a manse.

Page 13

LONG CRENDON BAPTIST CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2022

7 Tangible fixed assets

Cost At 1 January 2022 Additions At 31 December 2022 Accumulated depreciation At 1 January 2022 Charge for the year At 31 December 2022 Net book value At 31 December 2022 At 31 December 2021	Church Manses Building (unrestricted) (endowed) £ £ 971,393 2,111,199 - - 971,393 2,111,199 107,211 253,335 9,714 21,112 116,925 274,447 854,468 1,836,752 864,182 1,857,864 Freehold property	Fixtures, fittings and equipment £ 57,571 - 57,571 51,830 3,197 55,027 2,544 5,741	Total 2022 £ 3,140,163 -
			3,140,163
			412,376 34,023
			446,399
			2,693,765
			2,727,788

The charity was endowed with property (see above) under an Indenture dated 1831. The property comprises the chapel and graveyard situated on the High Street in Long Crendon. It was constructed in 1853 and has subsequently been extended several times and refurbished (most recently in 2013). The cost of the property, which is £2,111,199, comprises an insurance valuation carried out in 1999, plus the cost of refurbishments and improvements since that date.

8 Debtors

Gift aid tax recoverable Prepayments, accrued income and other debtors	2022 £ 4,970 5,719 10,689	2021 £ 8,105 -
		8,105

9 Cash at Bank and in Hand

Cash at bank with immediate access Notice deposits Petty cash itors: liabilities falling due within one year Accruals Deferred income Grant making obligations	2022 £ 13,360 75,696 18 89,073 2022 £ 4,374 1,592 12,679 18,645	2021 £ 58,105 84,754 18
		142,878
		2021 £ 4,613 - 3,336
		7,949

10 Creditors: liabilities falling due within one year

Deferred income represents income received for a church event that will not take place until 2023 when it will be released to income

11 Pension commitments

During the period employer’s pension contributions totalling £13,471 (2021: £11,548) were payable to defined contribution personal pension schemes. No pension contributions were owing at the balance sheet date (2021: £nil was owed).

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LONG CRENDON BAPTIST CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2022

12 Funds

During the year the movements in the charity's funds were as follows:

General Unrestricted Funds Restricted Funds Missionary fund Benevolent fund Older peoples fund Evangelism fund Permanent Endowment Funds Chapel and graveyard Aggregate of funds	Opening balance 2022 £ 976,366 30,425 1,166 5,000 - 36,591 1,857,864 2,870,821	Incoming resources 2022 £ 294,576 55,508 3,138 - 2,900 61,546 - 356,122	Outgoing resources 2022 £ (304,228) (125,342) (283) (1,096) - (126,721) (21,112) (452,061)	Transfers in the year 2022 £ (43,179) 43,179 - - - 43,179 - -	Closing balance 2022 £ 923,535
					3,770 4,021 3,904 2,900
					14,595
					1,836,752
					2,774,882

The Church has committed to give approximately 10% of its unrestricted income from donations to support UK and overseas mission and makes a transfer monthly to the Missionary fund, when those funds then become restricted.

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

Fixed assets Debtors Cash at bank and in hand Current liabilities In the previous year the movements in the charity's funds General Unrestricted Funds Restricted Funds Missionary fund Benevolent fund Older peoples fund Permanent Endowment Fund Chapel and graveyard Aggregate of funds	General Designated funds funds £ £ 857,013 - 6,881 - 78,286 - (18,645) - 923,535 - were as follows: Opening Incoming balance resources 2021 2021 £ £ 989,279 288,939 15,178 54,760 690 3,639 - 5,000 15,868 63,399 1,878,976 - 2,884,123 352,338 Unrestricted Funds	Restricted funds £ - 3,808 10,787 - 14,595 Outgoing resources 2021 £ (270,909) (70,353) (3,266) - (73,619) (21,112) (365,640)	Endowment funds £ 1,836,752 - - - 1,836,752 Transfers in the year 2021 £ (30,943) 30,839 104 - 30,943 - -	2022 £ 2,693,765 10,689 89,073 (18,645)
				2,774,882
				Closing balance 2021 £ 976,366
				30,424 1,166 5,000
				36,591
				1,857,864
				2,870,821

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LONG CRENDON BAPTIST CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2022

12 Funds continued

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

Fixed assets Debtors Cash at bank and in hand Current liabilities	General Designated funds funds £ £ 869,924 - 5,916 - 108,476 - (7,949) - 976,366 - Unrestricted Funds	Restricted funds £ - 2,189 34,402 - 36,591	Endowment funds £ 1,857,864 - - - 1,857,864	Total 2021 £ 2,727,788 8,105 142,878 (7,949)
				2,870,821

The restricted Missionary fund was created from donations received to support the church's mission partners plus transfers from general unrestricted funds (equating to approximately 10% of unrestricted income from donations) made for the same purpose.

The restricted Benevolent fund was created from donations given to help those in need.

The restricted Older peoples fund was created from a donation received from the Long Crendon Day Centre to help fund the charity's work with older people.

The restricted Evangelism fund was created from a grant receivable for the development of a series of evangelistic videos.

The Endowment fund comprises the chapel and graveyard situated on the High Street in Long Crendon; further information about this property is given in note 7 'Tangible fixed assets'.

13 Transactions with related parties

During the year the charity:

• a) received donations totalling £32,777 (2021: £28,954) from related parties (which includes trustees, key management and anyone closely connected to them).

• b) paid grants totalling £15,378 (2021: £7,584) to Serving In Mission to support the mission work undertaken by Geoff Wood's daughter (and her husband).

• c) paid £333 (2021: £515) to Geoff Wood, who is a trustee, for his professional services as a maintenance contractor.

Except for the reimbursement of expenses incurred when acting as agent for the charity or incurred when undertaking employment duties not connected with serving as a trustee, no expenses (2021: £nil) were paid to, or for, the trustees.

Except as disclosed above and in note 6 'Analysis of staff costs', there have been no other transactions with related parties during the year.

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LONG CRENDON BAPTIST CHURCH

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 DECEMBER 2022

Note INCOME AND ENDOWMENTS FROM: Donations and legacies 3 Charitable activities 4 Investments Other trading activities Total income and endowments EXPENDITURE ON: Charitable activities: 5 Total expenditure Net income/(expenditure) Transfers between funds 12 Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 12		Unrestricte	Designated 2022 £ - - - - - - - - - - - - d Funds	Restricted 2022 £ 61,546 - - - 61,546 126,721 126,721 (65,175) 43,179 (21,996) 36,591 14,595	Endowment 2022 £ - - - - - 21,112 21,112 (21,112) - (21,112) 1,857,864 1,836,752	Total 2022 £ 340,623 13,367 941 1,191 356,122 452,061 452,061 (95,940) - (95,940) 2,870,821 2,774,882			General 2021 £ 280,204 6,312 764 1,659 288,939 270,909 270,909 18,030 (30,943) (12,913) 989,279 976,366 Unrestrict	Unrestrict	Designated 2021 £ - - - - - - - - - - - - ed Funds	Restricted 2021 £ 63,399 - - - 63,399 73,619 73,619 (10,220) 30,943 20,723 15,868 36,591	Endowment 2021 £ - - - - - 21,112 21,112 (21,112) - (21,112) 1,878,976 1,857,864	Total 2021 £ 343,603 6,312 764 1,659 352,338 365,640 365,640 (13,302) - (13,302) 2,884,123 2,870,821
		General 2022 £ 279,076 13,367 941 1,191 294,576 304,228 304,228 (9,652) (43,179) (52,831) 976,366 923,535

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