Revive Baptist Church Leeds CIO
Charity number 1192592
Annual Report and Financial Statements
for the year ended 31 December 2022
Revive Baptist Church Leeds CIO
Annual Report and Financial Statements for the year ended 31 December 2022
| Contents | Page |
|---|---|
| Trustees' report | 2 to 3 |
| Examiner's report | 4 |
| Receipts and payments account | 5 |
| Statement of assets and liabilities | 6 |
| Notes to the accounts | 7 to 8 |
Prepared by West Yorkshire Community Accountancy Service CIO
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Revive Baptist Church Leeds CIO
Trustees' report for the year ended 31 December 2022
Reference and administrative details of the charity, its trustees and advisors
The trustees during the financial year and up to and including the date the report was approved were: Name Position Dates
Position Dates Simon Thompson Emma Flint Paul Tapper Treasurer Simon Brentford
Resigned November 2022
Charity number
1192592 Registered in England and Wales
Registered and principal address Bankers 24 The Turnaways Virgin Money Bank Triodos Bank Leeds 370 Harrogate Road Deanery Road LS6 3DU Leeds Bristol LS17 6QA BS1 5AS
Accountants
West Yorkshire Community Accountancy Service CIO
Stringer House 34 Lupton Street Leeds LS10 2QW
Structure, governance and management
The charity is a Charitable Incorporated Organisation (CIO) association formed on 30 November 2020 and is governed by a constitution.
The assets of the charity were transferred from Revive Baptist Church on 1 February 2022.
Method of recruitment and appointment of trustees
The trustees are appointed by the members of the charity at an AGM.
Objectives and activities
The principal purposes of the Church are:-
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 and/or other parts of the world.
Public benefit statement
In setting our objectives and planning our activities our trustees have given serious consideration to the Charity Commission’s general guidance on public benefit and in particular advancement of the Christian faith.
Achievements and performance
Staffing and governance
Our lay minister Charlotte Naylor Davis became an employee on payroll.
Luisa Bennett joined the support team.
We started the process for what we want for the future of Revive, since we have been without a Minister since November 2021. Experienced facilitator Barbara McNish led an initial session. Further work to continue in 2023.
We had one new Member, which takes us to 36.
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Revive Baptist Church Leeds CIO
Trustees' report (continued) for the year ended 31 December 2022
Achievements and performance (continued) Sundays
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l Meeting in person again.
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l Started the year looking at safeguarding topics such as coercive control in relationships, and gendered violence. Guest speaker - Natalie Collins. Then patriarchy and women in the Bible.
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l Autumn term - teaching season on the gospels
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l All age meetings Sunday afternoons, where we had fun family activities and ate together
Other activities
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l Camping weekend
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l Weekend away at Osmotherley youth hostel.
Financial review
We are fortunate that we are only very lightly financially affected by the coronavirus pandemic to date. We do not have the liability of owning a building, nor experienced a large and sudden drop in income due to the ceasing of activities. Our activities were moved online, then to gardens, and now back to meeting in person, with a few of our projects being put on hold for the time being. Frustrating, but without financial penalties or major disadvantage to us.
Our income comes from our members on a voluntary and regular monthly basis. This has been fairly stable over 2022, but will naturally ‘ebb and flow’ as people’s circumstances change.
Looking at our budget forecast for 2023, we are running at an approximate £3,000 deficit over the year. By the end of 2023 we are expecting to have around £3,000 over and above our reserves level.
At the time of signing these accounts the charity has been impacted by the global Covid-19 virus. The trustees have reassessed the charity’s ability to continue for at least 12 months from the date that the accounts are approved and conclude that no material uncertainties exist that cast significant doubt on the charity's ability to meet its liabilities as they fall due.
Reserves policy
The charity's free reserves, at the year end were £18,929.
The Trustees of Revive Baptist Church recognise that reserves are needed to ensure the church is able to fulfil its financial obligations despite uncertain and variable income. The target amount of money to be held as reserves is equal to the total committed funds. This should include any notice periods for any employees, and any other committed future expenditure (e.g.- building lease, etc), plus an amount for contingencies.
The notice period for a minister is three or six months. As a simplified calculation for the target reserves level we will aim for six months of our total costs as that would comfortably cover any redundancy payments and other commitments. This is a prudent policy, even though currently there is no paid Minister. Staff notice periods are one month.
The current reserves level is in excess of the target reserves level. The Trustees recognise that it is their responsibility to not “hoard” reserves, but to use excess money to further the objectives of the charity.
The reserves are higher than the target level, using 2021 figures, and as income and payments were similar for 2022, this is likely to be the case for next year. In this scenario the Trustees will ensure that any excess monies are spent on furthering the charitable objectives
Approved by the board of trustees on 06/04/2023
Paul Tapper (Trustee)
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Revive Baptist Church Leeds CIO
Independent examiner's report to the trustees of Revive Baptist Church Leeds CIO
I report to the charity trustees on my examination of the accounts of the CIO for the year ended 31 December 2022, which are set out on pages 5 to 8.
Responsibilities and basis of report
As the charity trustees of the CIO 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 CIO's accounts as carried out under section 145 of the 2011 Act. 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 material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1 accounting records were not kept in respect of the charity as required by section 130 of the Charities Act; 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.
Simon Bostrom
11/04/2023
West Yorkshire Community Accountancy Service CIO
Stringer House 34 Lupton Street Leeds LS10 2QW
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Revive Baptist Church Leeds CIO
Receipts and payments account
for the year ended 31 December 2022
| Notes 2022 Unrestricted funds £ Receipts Grants and donations (2) 17,908 Weekend away income 1,855 Events income 30 Other Income 19 Transfer on incorporation 19,023 Total receipts 38,835 Payments Salaries 8,951 Payroll charges 300 Materials and resources 14 Website, IT and mobile 234 Weekend away costs 2,642 Events 467 Insurance 187 Out of pocket expenses 44 Revive grants to members 1,000 Donations to others 927 Bank charges 49 Accountancy 248 Legal fees 541 Licences 212 Freelance payments 4,090 Total payments 19,906 Net movement in funds 18,929 Fund balances brought forward - Fund balances carried forward (3) 18,929 |
2022 Restricted funds £ - - - - 103 103 - - - - - - - - - - - - - - - - 103 - 103 |
2022 Total funds £ 17,908 1,855 30 19 19,126 38,938 8,951 300 14 234 2,642 467 187 44 1,000 927 49 248 541 212 4,090 19,906 19,032 - 19,032 |
|---|---|---|
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Revive Baptist Church Leeds CIO
Statement of assets and liabilities
| as at 31 December 2022 2022 Unrestricted £ Cash funds Cash at bank 18,845 Cash in hand 84 Total cash funds 18,929 Debtors and prepayments Prepayments - Insurance and licence Liabilities Independent examination Other accruals |
2022 Restricted £ 103 - 103 |
2022 Total £ 18,948 84 19,032 2022 £ 224 224 2022 £ 276 34 310 |
|---|---|---|
The financial statements were approved by the board of trustees on 06/04/2023
Paul Tapper (Trustee)
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Revive Baptist Church Leeds CIO
Notes to the accounts
for the year ended 31 December 2022
1 Accounting policies
Basis of accounting
The trustees have taken advantage of section 133 of the Charities Act 2011 and have prepared the accounts on a receipts and payments basis.
There has been no change to the accounting policies since last year.
No changes have been made to the accounts for previous years.
Taxation
As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
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Revive Baptist Church Leeds CIO
Notes to the accounts continued
for the year ended 31 December 2022
| 2 Grants and donations Gift Aid General donations 3 Restricted funds Eastern Baptist Association |
Balance b/f £ - - |
Incoming £ 103 103 |
2022 Unrestricted funds £ 4,842 13,066 17,908 Outgoing £ - - |
2022 Restricted funds £ - - - Transfers £ - - |
2022 Total funds £ 4,842 13,066 17,908 Balance c/f £ 103 103 |
|---|---|---|---|---|---|
Fund name
Purpose of restriction
Eastern Baptist Association Towards the 'See I am doing a new thing' project costs
4 Related party transactions
Trustee expenses
No trustee received any expenses during the year.
Trustee remuneration and benefits
No trustee received any other remuneration or benefit during the year.
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