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2023-12-31-accounts

Long Crendon Baptist Church CIO

Report and Accounts Year ended 31 December 2023

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

LONG CRENDON BAPTIST CHURCH

FOR THE YEAR ENDED 31 DECEMBER 2023

CHARITY INFORMATION

Trustees Simon Howard (resigned 2 February 2023) James Hughes (appointed 1 January 2023) (resigned 31 March 2024 Sarbjit Klair Alister Kratt (appointed 2 February 2023) Nigel Smith Neil Turton Colin White (resigned 31 March 2024) Key Staff Neil Turton Colin White (until 31 March 2024) 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 - 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Accounts 9 - 15
Detailed Statement of Financial Activities with Comparatives 16

Page 1

LONG CRENDON BAPTIST CHURCH

MANAGING TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2023

________________

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 2023 with thanks to God for his continued faithfulness.

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 as Elder and Trustee. 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. Alister Kratt was voted in by Members as an interim trustee from 2[nd] February 2023 and then as a full trustee from 28[th] September.

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.

We had one ministry trainee in the academic year from September 2022 to July 2023 and in September 2023 he went to join our partner church, Buckingham Evangelical Church, for a period of three years as a Pastor-in-Training.

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, 14 new members were welcomed into Church membership. As at 31 December 2023 there were 148 members. Five 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.

Page 2

LONG CRENDON BAPTIST CHURCH

MANAGING TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2023

________________

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.

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 building 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 community table tennis, café, scrabble, gardening club, environmental sustainability group and singing sessions 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, and Toybox (for babies and pre-schoolers with their parents and carers) meet regularly. A community youth group meets every Friday evening (Friday@7) and a monthly group for Dads with young children (Dads and Tots) provides opportunity for them to get to know each other. During the year a Cocaine Anonymous group met in the church to provide support for those recovering from addiction and also an Alanon group that provides support to those living with addicts or alcoholics.

Other churches used the facilities for their church retreats.

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. A group from LCBC attended the Keswick Convention in August. Around 80 people enjoyed a church weekend away at the High Leigh Conference Centre in September. A team visits the Meadowcroft Care Home in Thame every month to lead a service for the residents.

Page 3

LONG CRENDON BAPTIST CHURCH

MANAGING TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2023

________________

Special events –

Journey to the Cross: There were a series of events during Easter week leading up to Good Friday and Easter Sunday that involved art, food and prayer.

Easter and Christmas 2023: 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.

Joint events with other churches: We hosted a leaders’ conference for church leaders of other FIEC churches in the Oxford area as well as a barbecue and joint service for everyone from those churches. At Christmas we, together with St. Mary’s Church, organised the Carols in the Square event for the whole community.

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.

Financial Review and Reserves Policy

During the year income increased by £45,000 to £401,000, and expenditure was almost unchanged at £452,000. As a result the charity has reported a deficit of £51,000 (2022: £96,000). If the charge for depreciation (which is a non-cash charge) is excluded, the result is a deficit of £19,000 (2022: a deficit of £62,000).

This year’s £45,000 increase in income was largely due to:

Though expenditure overall was almost unchanged, some individual areas of expenditure did vary significantly:

The charity’s net assets decreased by this year’s deficit of £51,000 to £2,724,000. Net assets comprise tangible fixed assets (mainly the church building and two manses) with a carrying value of £2,666,000 and cash of £92,000 (of which £35,000 is restricted) less other net current liabilities of £34,000.

Our reserves policy is still to aim for a minimum of three months expenditure in free reserves, which is defined to be unrestricted cash. This would amount to £79,000 (based on the budget set for 2024) and should be sufficient to allow the charity to operate smoothly should income and / or expenditure vary unexpectedly. Trustees are aware that we are now below that level and at the year end the charity held unrestricted cash of £56,000, which equates to about 2 months of budgeted expenditure. The Trustees aim to rebuild to three months over the next two financial years. A decision has been taken to rent out one of the manses and not recruit a new assistant pastor immediately to help with our current financial situation. This will be reviewed during 2024 and a decision taken about whether to recruit in summer 2025 will be taken later in the year or early in 2025.

Page 4

LONG CRENDON BAPTIST CHURCH

MANAGING TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2023

________________

Statement of Trustees’ Responsibilities

The Trustees are responsible for preparing the Trustees' annual report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

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: -

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 and the Charity (Accounts and Reports) Regulations 2008. 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 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.

Approval

This report was approved by the Managing Trustees and signed on their behalf by:

Nigel Smith

Sarb Klair

Nigel Smith Chair of Trustees Date: 9 June 2024

Sarb Klair Trustee Date: 9 June 2024

Page 5

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 2023 on pages 7 to 16 following, which have been prepared on the basis of the accounting policies set out on pages 9 and 10.

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: 11 June 2024

Page 6

LONG CRENDON BAPTIST CHURCH

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2023

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
£
282,226
31,855
1,966
1,810
317,857
320,736
320,736
(2,879)
(27,099)
(29,978)
923,535
893,557		 Restricted
Funds
£
83,478
-
-
-
83,478
110,748
110,748
(27,270)
27,099
(171)
14,595
14,424		 Endowment
Funds
£
-
-
-
-
-
21,112
21,112
(21,112)
-
(21,112)
1,836,752
1,815,640		 Total
2023
£
365,704
31,855
1,966
1,810
401,335
452,596
452,596
(51,261)
-
(51,261)
2,774,882
2,723,621		 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

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 9 to 16 form part of these accounts.

Page 7

LONG CRENDON BAPTIST CHURCH

BALANCE SHEET

AS AT 31 DECEMBER 2023

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
£
850,367
3,561
56,367
59,928
16,738
43,190
893,557
893,557
-
893,557
-
-
893,557		 Restricted
Funds
£
-
731
35,202
35,933
21,509
14,424
14,424
-
-
-
14,424
-
14,424		 Endowment
Funds
£
1,815,640
-
-
-
-
-
1,815,640
-
-
-
-
1,815,640
1,815,640		 Total
Funds
2023
£
2,666,007
4,292
91,569
95,861
38,247
57,614
2,723,621
893,557
-
893,557
14,424
1,815,640
2,723,621		 Total
Funds
2022
£
2,693,764
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

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

Nigel Smith

Sarbjit Klair

--------------------------------------Nigel Smith - trustee

Date: 9 June 2024

--------------------------------------Sarbjit Klair - trustee Date: 9 June 2024

The notes on pages 9 to 16 form part of these accounts.

Page 8

LONG CRENDON BAPTIST CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

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) Going concern

The Trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The Trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the Trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The Trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

b) 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 Trust was formally wound up on 18 February 2022.

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, from other events and courses and from donations for community use of church premises.

d) 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.

Page 9

LONG CRENDON BAPTIST CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

2 Accounting Policies continued

e) Fund accounting

f) 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.

h) 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.

i) 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

ations and legacies
Donations
Income tax recoverable
me from charitable activities
Church retreat
Ministry events
Use of premises
Book room		 Unrestricted
Funds
£
233,217
49,009
282,226
Unrestricted
Funds
£
13,417
12,038
5,716
684
31,855		 Restricted
Funds
£
69,289
14,189
83,478
Restricted
Funds
£
-
-
-
-
-		 Endowment
Funds
£
-
-
-
Endowment
Funds
£
-
-
-
-
-		 Total
2023
£
302,506
63,198
365,704
Total
2023
£
13,417
12,038
5,716
684
31,855		 Total
2022
£
282,864
57,759
340,622
Total
2022
£
-
9,894
2,664
809
13,367

4 Income from charitable activities

Page 10

LONG CRENDON BAPTIST CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

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
Church retreat
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
£
84,928
18,000
16,811
33,508
3,317
14,755
9,852
4,042
746
51
10,418
196,428
3,240
-
3,240
44,530
6,082
1,885
13,652
41,490
1,903
11,526
124,308
320,736		 Restricted
Funds
£
-
-
2,900
-
-
-
240
-
-
-
107,489
110,629
-
-
-
-
-
-
119
-
-
-
119
110,748		 Endowment
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
21,112
21,112
21,112		 Total
2023
£
84,928
18,000
19,711
33,508
3,317
14,755
10,092
4,042
746
51
117,907
307,057
3,240
-
3,240
44,530
6,082
1,885
13,771
41,490
1,903
32,638
145,539
452,596		 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

The fee payable to the independent examiner for preparing and examining the accounts is £3,240 (2022: £3,120). In addition the charity paid £1,126 (2022: £1,070) 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
£
111,194
1,980
113,174
Institutions
£
130,995
5,063
136,058		 Individuals
£
3,263
1,470
4,733
Individuals
£
2,486
282
2,768		 2023
£
114,457
3,450
117,907
2022
£
133,481
5,345
138,826

Page 11

LONG CRENDON BAPTIST CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

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
Grants to institutions for less than £1,000 each		 2023
£
15,932
19,450
-
9,429
15,350
34,294
6,729
5,568
3,000
-
1,112
1,443
-
868
113,174		 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

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		 2023
£
141,758
7,031
14,176
162,965		 2022
£
134,713
4,874
13,471
153,058

The average monthly number of employees during the year was 6 (2022: 6). 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:

Employer
Wages &
pension
salaries
contributions
Neil Turton (trustee)
26,812
2,681
Colin White (trustee)
20,165
2,017
Sarbjit Klair (trustee)
26,812
2,681		 2023
£
29,493
22,182
29,493
81,167

The following amounts were charged in the previous year:

following amounts were charged in the previous year:
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		 2022
£
28,220
21,224
28,220
77,664

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:

Page 12

LONG CRENDON BAPTIST CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

7 Tangible fixed assets

Cost
At 1 January 2023
Additions
At 31 December 2023
Accumulated depreciation
At 1 January 2023
Charge for the year
At 31 December 2023
Net book value
At 31 December 2023
At 31 December 2022		 Church
Manses
Building
(unrestricted)
(endowed)
£
£
971,393
2,111,199
-
-
971,393
2,111,199
116,925
274,447
9,714
21,112
126,639
295,559
844,754
1,815,640
854,468
1,836,752
Freehold property		 Fixtures,
fittings and
equipment
£
57,571
4,881
62,452
55,027
1,812
56,839
5,613
2,544		 Total
2023
£
3,140,163
4,881
3,145,044
446,399
32,638
479,037
2,666,007
2,693,764

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
h at Bank and in Hand
Cash at bank with immediate access
Notice deposits
Petty cash
itors: liabilities falling due within one year
Accruals and other creditors
Deferred income
Grant making obligations		 2023
£
4,292
-
4,292
2023
£
43,887
47,662
20
91,569
2023
£
6,746
-
31,501
38,247		 2022
£
4,970
5,719
10,689
2022
£
13,360
75,696
18
89,073
2022
£
4,374
1,592
12,679
18,645

9 Cash at Bank and in Hand

10 Creditors: liabilities falling due within one year

The previous year's deferred income represented income received for a church retreat that took place in 2023 when it was recognised as income.

11 Pension commitments

During the period employer’s pension contributions totalling £14,176 (2022: £13,471) were payable to defined contribution personal pension schemes. No pension contributions were owing at the balance sheet date (2022: £nil was owed).

Page 13

LONG CRENDON BAPTIST CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

12 Funds

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

Opening Incoming Outgoing Transfers Closing
balance resources resources in the year balance
2023 2023 2023 2023 2023
£ £ £ £ £
General Unrestricted Funds 923,535 317,857 (320,736) (27,099) 893,557
Restricted Funds
Missionary fund 3,770 77,518 (106,889) 31,980 6,379
Benevolent fund 4,021 960 (600) - 4,381
Older peoples fund 3,904 - (240) - 3,664
Evangelism fund 2,900 - (2,900) - -
Equipment fund - 5,000 (119) (4,881) -
14,595 83,478 (110,748) 27,099 14,424
Permanent Endowment Funds
Chapel and graveyard 1,836,752 - (21,112) - 1,815,640
Aggregate of funds 2,774,882 401,335 (452,596) - 2,723,621

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.

During the year the charity purchased equipment that satisfied the restriction placed on donations to the equipment fund and £4,881 has been transferred from the restricted equipment fund to unrestricted general funds.

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
Evangelism fund
Permanent Endowment Fund
Chapel and graveyard
Aggregate of funds		 General
Designated
funds
funds
£
£
850,367
-
3,561
-
56,367
-
(16,738)
-
893,557
-
were as follows:
Opening
Incoming
balance
resources
2022
2022
£
£
976,366
294,576
30,425
55,508
1,166
3,138
5,000
-
-
2,900
36,591
61,546
1,857,864
-
2,870,821
356,122
Unrestricted Funds		 Restricted
funds
£
-
731
35,202
(21,509)
14,424
Outgoing
resources
2022
£
(304,228)
(125,342)
(283)
(1,096)
-
(126,721)
(21,112)
(452,061)		 Endowment
funds
£
1,815,640
-
-
-
1,815,640
Transfers
in the year
2022
£
(43,179)
43,179
-
-
-
43,179
-
-		 2023
£
2,666,007
4,292
91,569
(38,247)
2,723,621
Closing
balance
2022
£
923,535
3,770
4,021
3,904
2,900
14,595
1,836,752
2,774,882

Page 14

LONG CRENDON BAPTIST CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

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
£
£
857,013
-
6,881
-
78,286
-
(18,645)
-
923,535
-
Unrestricted Funds		 Restricted
funds
£
-
3,808
10,787
-
14,595		 Endowment
funds
£
1,836,752
-
-
-
1,836,752		 Total
2022
£
2,693,765
10,689
89,073
(18,645)
2,774,882

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 restricted Equipment fund was created from donations received to help purchase equipment.

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:

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 (2022: £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.

Page 15

LONG CRENDON BAPTIST CHURCH

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 DECEMBER 2023

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		 Unrestrict Designated
2023
£
-
-
-
-
-
-
-
-
-
-
-
-
ed Funds		 Restricted
2023
£
83,478
-
-
-
83,478
110,748
110,748
(27,270)
27,099
(171)
14,595
14,424		 Endowment
2023
£
-
-
-
-
-
21,112
21,112
(21,112)
-
(21,112)
1,836,752
1,815,640		 Total
2023
£
365,705
31,855
1,966
1,810
401,335
452,596
452,596
(51,261)
-
(51,261)
2,774,882
2,723,621		 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
Unrestrict		 Unrestrict Designated
2022
£
-
-
-
-
-
-
-
-
-
-
-
-
ed 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
(95,939)
-
(95,939)
2,870,821
2,774,882
General
2023
£
282,226
31,855
1,966
1,810
317,857
320,736
320,736
(2,879)
(27,099)
(29,978)
923,535
893,557

Page 16