Registered Charity Number :- 1192789
PARK BAPTIST CHURCH CIO a Charitable Incorporated Organisation
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR END 31 December 2022
**Park Baptist Church CIO 14A Crown Road Great Yarmouth**
**Norfolk**
## **PARK BAPTIST CHURCH CIO**
## **CONTENTS**
## **PB**
FOR THE YEAR ENDED 31 December 2022
**PARK BAPTIST CHURCH CIO**
**PB**
**TRUSTEES' REPORT**
FOR THE YEAR ENDED 31 December 2022
The trustees present their report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **Structure, governance and management Governing document**
The Park Baptist Church is a charitable incorporated organisation (CIO) and was registered by the Charity Commissioners on 15 December 2020.
Members of the Church are accepted in accordance with the Constitution which requires them to be or to have been publicly baptized on the profession of faith in Jesus Christ or following other modes of baptism to renew their public profession of faith in Jesus Christ.
The members Meeting normally takes place four times per year and has responsibility for the overall policy of the church. In accordance with the Constitution, the members appoint up to five Trustees, who together with the Minister, Church Secretary and Treasurer (who are also appointed by the Members), are responsible for the day to day running of the church’s work and witness, and the financial and legal aspects of the charity. All members are encouraged to take an appropriate part in the spiritual and practical tasks involved in the furtherance of the chartable objective.
Relevant matters may be submitted to the Church meeting by the Trustees for guidance or may be raised by members in Church meeting for further consideration by the Trustees. Though the Constitution permits decisions to be made at Church meetings by appropriate majorities, the Church seeks to work by consensus wherever possible.
## **Objectives and activities**
The principal purpose of the charity is the advancement of the Christian faith according to the principles of the Baptist denomination to include the advancement of education, community services and such other general charitable purposes in such parts of the United Kingdom and the world as the Church shall determine.
In order to achieve the principal objective, which is set out above, the Church provides a variety of activities both to its membership and to the community generally. The aim is to show the love of Jesus Christ in both word and deed and to bring people into a closer relationship with Him as living Lord.
Central to the work and witness of the Church is the provision of regular public services of Christian worship. Times of services are Saturday evening at 18:30 and Sunday morning 10:45. The Saturday service is primarily conducted in Portuguese and the Sunday service primarily conducted in English. Joint services are held regularly throughout the year with translation provided. There are also occasional services at other times which are advertised on the church’s social media pages and the website at www.parkbaptist.church. There is a children’s programme during both services. The church seeks to be a friendly and welcoming community, and anyone is welcome to any of these services.
The Church runs a series of midweek connect groups for the growth of faith and discipleship in the homes of some members, and further details of these can be obtained from the Trustees upon request, or at the services of worship.
**PARK BAPTIST CHURCH CIO**
**PB**
**TRUSTEES' REPORT**
FOR THE YEAR ENDED 31 December 2022
## **Structure, governance and management – continued Objectives and activities – continued**
The Church is responsible for an Art and Craft Group which meets in the Church premises on Monday afternoons, with the purpose of providing a welcoming space for those who may be isolated or lonely. A men’s and woman’s group, a friendship group, ESOL (English as a second language) classes as our commitment to human development and social engagement.
From time to time the Church runs courses for people interested in discovering more about Christianity, entitled ‘Alpha’, and further courses for those interested in learning about baptism and becoming a member of the Church.
The Church runs various events for Young People. The Church operates systems to ensure that all people working with children and vulnerable adults are appropriately vetted with regard to the Disclosure and Baring service.
The church has read the Charity Commission guidance on public benefit and is satisfied that the activities outlined above clearly demonstrate that the charity is providing a benefit to the public.
## **Recruitment and appointment of new trustees**
Trustees shall be persons who through residence, occupation, employment or otherwise have special knowledge of the area of benefit or who otherwise able by virtue of their personal or professional qualifications to contribute to the pursuit of the objects of the charity.
On appointment, Trustees are provided with copies of:
- a) The Memorandum and Articles of Association
- b) Charities Commission Guidelines “The Essential Trustees – What you need to know” c) A copy of the latest full accounts
In addition, the Trustees are encouraged to read Charity Commission and other newsletters and to attend courses designed to keep them abreast of their duties and responsibilities.
## **Achievements and performance**
The Church does not measure the success of its programmes only in numbers, including financial numbers, but also in less tangible areas like fellowship and encouragement. The Trustees recognise that these are difficult to measure but believe that 2022 was a positive year in the life of the church, and that it will be able to pursue its mission purposes in 2023 with renewed enthusiasm as we emerge from the Coronavirus pandemic.
## **Financial review**
The Church continues to raise the funds which it needs to carry on its activities from within its own membership and congregation. No wider public appeal was made for funds during the year.
The most significant expense continues to be the employment of Revd. Peter Timothy and Revd. Jorge Damasceno as Ministers of the Church, to lead and co-ordinate the church’s activities including the services, to provide pastoral care for the congregation and other people, and to equip and encourage the membership in their life, Christian witness, and service.
**PARK BAPTIST CHURCH CIO**
**PB**
**TRUSTEES' REPORT**
FOR THE YEAR ENDED 31 December 2022
## **Structure, governance and management – continued Financial review – continued**
The Church expressed its part in the life of the wider church by making grants to national and international Christian organisations and societies with Christian aims and objectives compatible with the church’s own charitable purpose.
The Church is heavily dependent on its membership working as volunteers in all aspects of the church's activities, many of which run with little or no impact on the church's expenditure, but nevertheless contribute substantially to the achievement of the church's objectives.
The financial results for the year, together with a summary of the accounting policies adopted are set out in the accompanying financial statements.
The church is a participating employer within the Defined Benefit section of the Baptist Pension scheme and has been making ongoing deficit payments to cover the costs of past service or its employees within the scheme under a recovery plan. The church has no plan to leave the scheme and expects to continue to make payments to the scheme in line with the recovery plan.
## **Structure, governance and management**
## **Reserves policy**
The Trustees have established a Reserves Policy to enable the church to function effectively and meets it obligations in the event of a decline in our income or a major cost. Having considered the relevant risks of changes in income and expenditure, the Trustees have determined that the appropriate level of reserves is within the range of £28,000 to £30,000.
As at 31 December 2022, the church held total reserves of £93,938.
## **Plans for future periods**
The church will continue to pursue developmental plans in regard to an extension of the Church premises which will be able to accommodate a greater amount of churchgoers and cater for larger events, in turn resulting in an increase in funds raised which can be used to further assist the community.
## **Risk appraisal**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
**PARK BAPTIST CHURCH CIO**
**PB**
**TRUSTEES' REPORT**
FOR THE YEAR ENDED 31 December 2022
## **Reference and administrative details Registered Charity number**
1192789
## **Principal address**
14A Crown Road Great Yarmouth Norfolk NR30 2JN
## **Trustees**
Rev P Timothy (appointed 15/12/2020) Mr A N Formoso (appointed 1/1/2021) Mrs S Robinson (appointed 1/1/2021) Mr P J Chapman (appointed 1/1/2021) Rev J Damasceno (appointed 15/12/2020) Mrs J V Keenan (appointed 1/1/2022)
## **Independent Examiner**
Liam McHugh ACCA Unit 10 Aylsham Business Park Richard Oakes Road Aylsham Norwich NR11 6FD
## **Property trustees**
The Baptist Union Corporation Limited Baptist House PO Box 44 129 Broadway Didcot Oxon OX11 8RT Approved by the order of the board of trustees on 27 June 2024 and signed on its behalf by:
Rev J Damasceno – Trustee
**PARK BAPTIST CHURCH CIO**
**PB**
**INDEPENDENT EXAMINER'S REPORT**
FOR THE YEAR ENDED 31 December 2022
## **Independent examiner's report to the trustees of Park Baptist Church CIO**
I report to the charity trustees on my examination of the accounts of the Park Baptist Church CIO (the Trust) for the year ended 31 December 2022.
## **Responsibilities and basis of report**
As the charity's trustees of the Trust 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 Trust's accounts as carried out under Section 145 of the Act and in carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or
3. 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.
Liam McHugh ACCA Steve Pye & Co. Chartered Certified Accountants Unit 10 Aylsham Business Park Richard Oakes Road Aylsham Norwich Norfolk NR11 6FD
Date: 27 June 2024
**PARK BAPTIST CHURCH CIO**
**PB**
**STATEMENT OF FINANCIAL ACTIVITIES**
FOR THE YEAR ENDED 31 December 2022
|**Notes**
**Incoming resources**
**Income and endowments**
**from:**
Donations and legacies
2
Other trading activities
3
Investments
4
Other
5
**Total**
**Resources expended**
**Expenditure on:**
Raising funds
6
Charitable activities
7
Other
9
**Total**
**Net income/(expenditure)**
**before investment**
**gains/(losses)**
**Net income/(expenditure)**
**Net movement in funds**
Reconciliation of funds:
Total funds brought forward
**Total funds carried forward**|**Unrestricted funds**
**£**
**Total Funds 2022**
**£**
**Total Funds 2021**
**£**
72,936
72,936
201,678
2,760
2,760
14,447
25
25
32
2,420
2,420
-|
|---|---|
||**78,141**
**78,141**
**216,157**|
||69,808
69,808
62,684
46,789
46,789
18,071
1,000
1,000
1,000|
||**117,596**
**117,596**
**81,754**|
||**(39,455)**
**(39,455)**
**134,403**
**(39,455)**
**(39,455)**
**134,403**|
||**(39,455)**
**(39,455)**
**134,403**
134,403
134,403
-|
||**94,948**
**94,948**
**134,403**|
**PARK BAPTIST CHURCH CIO**
**BALANCE SHEET**
FOR THE YEAR ENDED 31 December 2022
## **PB**
|**Notes**
Fixed assets
Tangible assets
10
**Total fixed assets**
Current assets
Debtors
11
Cash at bank and in hand
12
**Total current assets**
Creditors: amounts falling due
within one year
13
**Net current**
**assets/(liabilities)**
**Total assets less current**
**liabilities**
**Total net assets or liabilities**
**Funds of the Charity**
Unrestricted funds
14
Restricted income funds
14
Endowment funds
14
**Total funds**|**Unrestricted funds**
**£**
**Total Funds 2022**
**£**
**Total Funds 2021**
**£**
3,000
3,000
4,000|
|---|---|
||**3,000**
**3,000**
**4,000**|
||-
-
162
93,938
93,938
132,275
**93,938**
**93,938**
**132,437**
1,990
1,990
2,034
**91,948**
**91,948**
**130,403**|
||**94,948**
**94,948**
**134,403**|
||**94,948**
**94,948**
**134,403**|
||94,948
94,948
134,403
-
-
-
-|
||**94,948**
**94,948**
**134,403**|
The financial statements were approved by the Board on 27-Jun-2024 and signed on its behalf by:
Rev Jorge Damasceno Trustee
**PARK BAPTIST CHURCH CIO**
**PB**
**NOTES TO THE FINANCIAL STATEMENTS**
FOR THE YEAR ENDED 31 December 2022
## **1 Accounting Policies**
## **1.1 Basis of preparation**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **1.2 Going concern**
The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts.
## **1.3 Income from donations or grants**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **1.4 Expenditure**
Expenditure is recognised when a present legal or constructive obligation exists at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefits will be required to settle the obligation, and the amount can be estimated reliably. It is inclusive of VAT which cannot be recovered.
Direct costs are those costs which directly attribute to its activities. Wages and salaries are allocated to direct costs based on an estimate of time spent on charitable activities by staff members.
Support costs include staff costs and are those which do not produce a direct output. Staff costs relate to specific activities and this is reflected in the allocation of payroll costs based on the percentage of time spent.
All costs, including governance costs, are allocated between the expenditure categories of the charity on a basis designed to reflect the use of the resource. Costs relating to a particular activity are charged directly; others are apportioned on an appropriate basis.
Support costs and overheads have been calculated by allocating staff time to the level of involvement in the various activities of the Charity.
## **1.5 Pensions**
The Charity makes contributions to a defined contribution pension scheme. These contributions are charged to the income and expenditure account in the year in which they become payable.
## **1.6 Taxation**
**PARK BAPTIST CHURCH CIO**
**PB**
**NOTES TO THE FINANCIAL STATEMENTS**
FOR THE YEAR ENDED 31 December 2022
The organisation is a registered charity and has no liability to income tax or corporation tax on its charitable activities during the year.
## **1.7 Fund accounting**
Unrestricted funds are those funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes.
## **1.8 Tangible fixed assets**
Tangible fixed assets, such as land and buildings, plant, vehicles and equipment, are held to provide an on-going economic benefit to a charity through their contribution, directly or indirectly, to the provision of goods or services by the charity.
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 20% on cost straight line
The premises in which the Church operates in and the private dwellings which a serving Pastor is currently inhabiting are owned within a Trust, specialising in Baptist Churches across the United Kingdom.
The use of the buildings has been exclusively restricted to Church activities only.
The entity is also not in a position whereby they will ever own the properties.
Therefore, the respective values of the properties have been omitted from the accounts in order to increase transparency and adhere to the true and fair view reporting concept.
**2 Income from Donations and Legacies**
**PARK BAPTIST CHURCH CIO**
**NOTES TO THE FINANCIAL STATEMENTS**
FOR THE YEAR ENDED 31 December 2022
## **PB**
|**Analysis**
**£**
Donation and gifts
General grants provided
by Government/other
charities
Gift Aid
Portuguese gift aided
gifts
Prior CIO funds
Stewardship giving
received|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**2022**
**Total funds**
**2021**
**£**
**£**
**£**
**£**
**£**
21,316
-
-
21,316
88,431
5,936
-
-
5,936
-
41,397
-
-
41,397
39,467
4,047
-
-
4,047
5,739
-
-
-
-
66,887
240
-
-
240
1,154|
|---|---|
||72,936
-
-
72,936
201,678|
**3 Income from Other Trading Activities**
**PARK BAPTIST CHURCH CIO**
**NOTES TO THE FINANCIAL STATEMENTS**
FOR THE YEAR ENDED 31 December 2022
## **PB**
||**Unrestricted**
**funds**|**Restricted**
**income**
**funds**|**Endowment**
**funds**|**Total funds**
**2022**|**Total funds**
**2021**|
|---|---|---|---|---|---|
|**Analysis**|**£**|**£**|**£**|**£**|**£**|
|Insurance claim|-|-|-|-|5,585|
|Rent income|2,760|-|-|2,760|8,862|
||2,760|-|-|2,760|14,447|
|**4 Income from Investments**||||||
||**Unrestricted**
**funds**|**Restricted**
**income**
**funds**|**Endowment**
**funds**|**Total funds**
**2022**|**Total funds**
**2021**|
|**Analysis**|**£**|**£**|**£**|**£**|**£**|
|Interest income|25|-|-|25|32|
||25|-|-|25|32|
|**5 Other Income**||||||
||**Unrestricted**
**funds**|**Restricted**
**income**
**funds**|**Endowment**
**funds**|**Total funds**
**2022**|**Total funds**
**2021**|
|**Analysis**|**£**|**£**|**£**|**£**|**£**|
|Gain on disposal of a||||||
|tangible fixed asset held|2,420|-|-|2,420|-|
|for charity’s own use||||||
||2,420|-|-|2,420|-|
## **4 Income from Investments**
## **5 Other Income**
## **6 Expenditure on Raising Funds**
**Analysis**
**Total funds 2022**
**Total funds 2021**
**PARK BAPTIST CHURCH CIO**
**NOTES TO THE FINANCIAL STATEMENTS**
FOR THE YEAR ENDED 31 December 2022
## **PB**
|Trustees' salaries
Support Costs|**£**
**£**
63,718
56,335
6,090
6,349|
|---|---|
||69,808
62,684|
## **7 Expenditure on Charitable Activities**
|**Analysis**
Legal/professional fees
Repairs and maintenance
Support Costs|**Total funds 2022**
**Total funds 2021**
**£**
**£**
18,197
-
8,421
-
20,171
18,071|
|---|---|
||46,789
18,071|
## **8 Support Costs**
**Total funds 2022**
**Total funds 2021**
**£**
**£**
**Analysis**
**PARK BAPTIST CHURCH CIO**
**PB**
**NOTES TO THE FINANCIAL STATEMENTS**
FOR THE YEAR ENDED 31 December 2022
|Insurance
Church expenses
Telephone
Sundries
Middlemarket Road - expenses
Donations
**Governance Costs**
Accountants fees
Trustees' expenses
Pensions
Manse expenses|2,497
2,272
4,246
3,888
597
515
1,414
1,243
525
538
2,900
4,241
4,266
4,255
-
1,836
6,291
2,710
3,524
2,921|
|---|---|
||**26,260**
**24,419**|
## **9 Other Expenditure**
|**Analysis**
Depreciation Charge for
the Year - Fixtures &
Fittings|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**2022**
**Total funds**
**2021**
**£**
**£**
**£**
**£**
**£**
1,000
-
-
1,000
1,000|
|---|---|
||1,000
-
-
1,000
1,000|
## **10 Tangible Fixed Assets**
## **10.1 Cost or valuation**
**Fixtures & Fittings**
**£**
**PARK BAPTIST CHURCH CIO**
**NOTES TO THE FINANCIAL STATEMENTS**
FOR THE YEAR ENDED 31 December 2022
## **PB**
|At 01 January 2022
Additions
Disposals
Revaluations
Transfers
At 31 December 2022
**10.2 Amortisation and impairments**
At 01 January 2022
Additions
Disposals
Revaluations
Transfers
At 31 December 2022
**10.3 Net book value**
At 01 January 2022
At 31 December 2022|5,000
-
-
-
-|
|---|---|
||5,000|
||**Fixtures & Fittings**
**£**
1,000
1,000
-
-
-|
||2,000|
||**Fixtures & Fittings**
**£**
4,000|
||3,000|
## **11 Debtors: Amounts falling due within one year**
|**Total funds**|**2022**||**Total funds**|**2021**||
|---|---|---|---|---|---|
|**£**|||**£**|||
|||-|||162|
|||-|||162|
Trade debtors
**PARK BAPTIST CHURCH CIO**
**NOTES TO THE FINANCIAL STATEMENTS**
FOR THE YEAR ENDED 31 December 2022
## **PB**
## **12 Cash at bank and in hand**
|Cash at bank and on hand
**13 Creditors: Amounts falling due**
Trade creditors
Other creditors|**Total funds 2022**
**Total funds 2021**
**£**
**£**
93,938
132,275|
|---|---|
||93,938
132,275|
||**within one year**
**Total funds 2022**
**Total funds 2021**
**£**
**£**
190
384
1,800
1,650|
||1,990
2,034|
## **14 Charity funds**
## **14.1 Details of material funds held and movements during the CURRENT reporting period**
||**Fund**|||||**Fund**|
|---|---|---|---|---|---|---|
|**Fund names**|**balances**
**brought**|**Income**|**Expenditure**|**Transfers**|**Gains and**
**losses**|**balances**
**carried**|
||**forward**|||||**forward**|
||**£**|**£**|**£**|**£**|**£**|**£**|
**NOTES TO THE FINANCIAL STATEMENTS**
## **PARK BAPTIST CHURCH CIO**
## **PB**
FOR THE YEAR ENDED 31 December 2022
## **Unrestricted funds**
|**Unrestricted funds**||
|---|---|
|**General Fund**
**Building fund**
**Total**|134,403
70,205
(100,091)
(10,964)
-
93,553|
||-
7,936
(17,505)
10,964
-
1,395|
||134,403
78,141
(117,596)
-
-
94,948|
## **14.2 Details of material funds held and movements during the PREVIOUS reporting period**
|**Fund names**
**Unrestricted funds**
**General Fund**|**Fund**
**balances**
**brought**
**forward**
**Income**
**Expenditure**
**Transfers**
**Gains and**
**losses**
**Fund**
**balances**
**carried**
**forward**
**£**
**£**
**£**
**£**
**£**
**£**|
|---|---|
||-
216,157
(81,754)
-
-
134,403|
|**Total**|-
216,157
(81,754)
-
-
134,403|