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2022-12-31-accounts

Stalham Baptist Church – Charity Number 1192914 Annual Report 2022

Aims and Purposes

Our logo says ‘Jesus at the Centre’ sums up quite well what we are about as a church. We want to see the love, care , compassion and presence of Jesus to be seen in our individual lives and in the wider life of our church because when it does it naturally flows over into our wider community where there are many people who face difficult and challenging situations and need help which may be as simple as a listening ear and some company or practical help because they are struggling to feed their families.

SBC has been a respected central part of this community since 1884 providing a vibrant spiritual presence as well as a place for the community to access space and take part in activities that benefit their spiritual, physical and mental well-being and our vision is to see that ethos continue and expand to meet the needs of future generations.

Objectives and Activities

Activities: We have a balance between the things we do that relate to the spiritual life of our fellowship like services and church-based family and children’s events and the things that are more geared to serving our local community.

SBC has very strong relationships in the wider community, service providers local businesses, welcoming people from all social backgrounds and levels of ability. The Church was open every day of the week at some point for:

Worship and Prayer

SBC has resumed weekly services in the church but also maintains the online:

Provision of pastoral Care.

All are welcome to attend our regular services on Sunday Morning 10.45 to 12.00 with Sunday School running at the same time, at present SBC has 68 members the average weekly attendance in December was 60. Attendance is not restricted to Members as we have new people who have moved into Stalham joining us and holidaymakers visiting the Broads National Park.

As well as regular services we enable our community to celebrate and thank God for the milestones in life through:

Some members and friends are unable to attend, these people have the benefit of our online service or a CD containing the online service to those who have no access to the internet.

The Pastor, Assistant Pastor and other members of the church family also make visits to members of the congregation.

Stalham Baptist Church Week

Mission and Evangelism

Reserves Policy

SBC Reserves Policy for 2023 is to hold £31,921.00 made up of 3 months staffing plus 3 months expenses from the budget.

Refurbishment Project – SBC Community Rooms

As reported in the Annual Report for 2021 Planning permission and building regulations are in place for a major refurbishment of the Schoolroom (a large hall) and anti-rooms. Priority areas identified include:

Tenders were received for the above work in October 2021, the project costs including VAT was £590,000. We have raised a significant amount of funding through the generosity of time and giving by so many people. We are delighted to have been awarded pledges from five Grant Aid funders totaling £70,000. These will be payable when all funds are secured as we continue into 2023 to realise our goal.

Volunteers

We would like to thank all our volunteers who work so hard to make SBC the vibrant and lively community it is enabling:

Structure and Governance

SBC is a member of the Eastern Baptist Association and is governed by our constitution (available on request) which is closely aligned to the Baptist Union model constitution.

Leadership Structure

As with all churches in the Baptist movement our members elect our leaders. The Trustees to be responsible for the governance of the Church and they with approval of the members appoint the Pastor/s.

Pastor

Assistant Pastor

Sub-Group (Volunteers)

Trustees

The Pastors are automatically Trustees of the charity, the other elected trustee’s serve a three-year term when they can offer themselves up for re-election if they wish. Currently we have nine Trustees.

The Trustees are responsible for considering all matters relating to the church and bring forward suggestions and recommendations to the church meeting for members to consider and vote on. (Church meetings are three monthly), the Trustees meet fortnightly via Zoom.

Administrative information

Stalham Baptist Church is situated at: 146 High St STALHAM Norwich, Norfolk

Correspondence address The Manse 56 Brumstead Road STALHAM

Stalham Baptist Church

Statement of Accounts for year ended 31[st] December 2022

Page 1

STALHAM BAPTIST CHURCH RESERVES POLICY

The reserves policy of Stalham Baptist Church is to hold three months of all expenditure plus a further three months staff costs to allow the church to adapt to any changes in the income or expenditure of the church. The trustees currently believe this amount to be £31,921, compared to £62,203 in free cash reserves held at the 31st December 2022. The trustees have budgeted to use the excess towards the building project. The figure of £62,203 consists of the General Fund and the Contingency fund. This policy will be reviewed in January 2024.

Page 2

Stalham Baptist Church

Receipts and payment account for the year ended 31[st] December 2022

Receipts and payment account for the year ended 31st December 2022

Unrestricted
Designated
Restricted
Year to
Year to
Notes funds
funds
funds
31/12/2022 31/12/2021
Receipts
Planned giving 11,510.00 2,550.00 225.00
14,285.00 38,416.78
Collections and other giving 11,274.52 - .0 154.00
11,428.52 10,761.41
Other voluntary receipts 46,477.45 5,210.00 38,486.14
90,173.59 10,569.21
Gift Aid recovered 11,020.81 637.50 6,690.62
18,348.93 9,384.70
Other receipts 156.99 - .0 - .0
156.99 2,585.96
Activities for generating funds
1
2,259.26 - .0 7,032.23
9,291.49 566.41
Investment Income 3,767.73 - .0 - .0
3,767.73 774.16
86,466.76 8,397.50 52,587.99
147,452.25 73,058.63
Total receipts
Payments
Cost of generating funds - .0 - .0 - .0
- .0 - .0
Missionary and charitable giving
2
455.08 - .0 11,006.35
11,461.43 8,054.21
Clergy and staffing costs 61,145.13 - .0 - .0
61,145.13 62,171.41
Church running expenses
3
6,120.42 - .0 343.42
6,463.84 8,746.55
Church repairs and maintenance - .0 - .0 1,564.80
1,564.80 15,282.76
Governance Costs - .0
- .0 - .0
- .0 - .0
67,720.63 - .0 12,914.57
80,635.20 94,254.93
Total payments
Net (payments) / receipts for the year 18,746.13 8,397.50 39,673.42
66,817.05 - 21,196.30
Transfers
Gross transfers between funds - in - .0 - .0 8,445.96
8,445.96 12,948.21
Gross transfers between funds - out - 8,445.96 - .0 - .0
- 8,445.96 - 12,948.21
Net movement in funds after transfers 10,300.17 8,397.50 48,119.38
66,817.05 - 21,196.30
Reconciliation of funds
Total funds brought forward 173,478.71
32,505.07 11,000.00 129,973.64
194,254.66
Total funds carried forward 42,805.24 19,397.50 178,093.02
240,295.76 173,478.71

Page 3

Stalham Baptist Church

Statement of assets and liabilities at 31[st] December 2022

Year to 31/12/2022
Year to 31/12/2021
Assets
Cash at bank and in hand
Barclays current account 9,359.56
7,395.05
Barclays payments account 2,007.34
5.87
Baptist Union Deposit Account -92 Day account 230,781.93
166,514.20
Baptist Union Deposit Account - 7 Day account 0.00
0.00
Cash in hand 0.00
0.00
Total Cash at Bank and in hand 242,148.83
173,915.12
Liabilities
Agency collection 1,853.07
436.41
Net current assets less current liabilities 240,295.76
173,478.71
Pension scheme liability -
18,238.50
Funds of the church
Year to 31/12/2022
Year to 31/12/2021
Unrestricted
General fund 42,805.24
32,505.07
Designated
Replacement Reserve 11,000.00
11,000.00
Future Loan Repayments (Pledged Funds ) 8,397.50
0.00
Restricted
Building Fund 172,795.95
126,051.41
Church Mission 786.19
1,250.06
General Youth Fund 584.84
584.84
Warm Space 1768.68
—
Youth Work 2,087.36
2,087.36
BMS World Mission 70.00
—
Funds of the church 240,295.76
173,478.74

Page 4

Stalham Baptist Church

Receipts and payment account for the year ended 31[st] December 2022

Notes.

Basis of accounts

These accounts have been prepared on a ‘receipts and payments’ basis and in accordance with Section 133 Charities Act 2011.

1. Activities for generating funds

Coffee & Chat 526.00
Crowdfunder UK 399.41
Daffodil sales 1,173.70
Good fellowship club 247.50
Other fundraising events 757.85
Platinum Jubilee Lunch 255.00
Sales 3,564.78
Sponsored walk 415.00

St Georges Quiz night
231.50

Table tennis
1,081.00
Treasure Hunt 235.00
Use of Premises - Fund Raising 404.75
Total Activities for generating funds 9,291.49

3. Church Running Expenses

Church Running Expenses
2201 - Training and Mission Expenses 120.00
2301 - Church - Insurance 1,521.03
2310 - Church - Telephone 228.15
2330 - Church Maintenance 1,315.07
2331 - Cleaning 333.78
2335 - Church Equipment 343.42
2340 - Cost of services 0.00
2350 - Web & Audio/Visual 548.17
2360 - Administration 378.20
2401 - Church - Electric 1,267.20
2420 - Church - Water 367.06
2501 - Printing 41.76
Total Church Running Expenses 6,463.84

2. Missionary and Charitable Giving

BMS World Mission 4,536.98
Home Mission 2,645.42
Church Mission 3,823.95
Giving to Secular Charities 455.08
Total Missionary and Charitable Giving 11,461.43

Page 5

5. Pension Scheme Liabilities

The Church is a participating employer the Baptist Pension Scheme (“the Scheme”), which is a separate legal entity administered by the Pension Trustee (Baptist Pension Trust Limited). The assets of the Scheme are held separately from those of the Employer and the other participating employers. The Scheme, previously known as the Baptist Ministers’ Pension Fund, started in 1925, but was closed to future accrual of defined benefits on 31 December 2011. Prior to this date the main benefit provided through the Defined Benefit (DB) Plan was a pension of one eightieth of final minimum pensionable income for each year of pensionable service together with additional pension in respect of premiums paid on Pensionable Income in excess of Minimum Pensionable Income. Since 1 January 2012, benefits have been provided through a Defined Contribution (DC) Plan. In 2022 the Baptist pension trust signed an agreement with the insurance company Just Group ("Just") to secure DB Plan members' pension benefits. This agreement is referred to as a 'buy-in policy'. It follows a similar agreement with Just in 2019 that covered most pensions in payment at that time. The combined agreements mean that Just are now providing financial backing for all DB pensions provided through the Scheme's DB Plan. The costs of such policies are largely driven by financial markets and these have moved substantially in the Scheme's favour, particularly over the course of the last few months. As a result, this transaction takes the Scheme out of a shortfall position for the first time in two decades. Although risks remain, the Baptist Union and the Trustee have agreed that deficit recovery contributions from each participating employer in the DB Plan will reduce to just £1 per month from August 2022. The Trustee and the Baptist Union have agreed that DRCs will reduce to £1 per month for each employer from the August 2022 payment until June 2026. Participating employers remain responsible for providing a share of any additional funds that the DB Plan may require in future. The Church has been advised that the estimated cost for the church to buyout their Pension Scheme liabilities at 20 June 2022 was £18,600.

Page 6

Recommended Ternis of Appolntment for Independent Examiner Name of Churth Cthe thurch','Us? Cthe Exarni￿rf, 'You','Yourf) Name of IndeP￿ent Examiner l. Eng•gement as Independent Examiner The purpose of this agreement is to cc)fim) ba45 cn You as tt Ex3mlner WFII to prepare a report in resFrt of the Churth's fina￿la1 stat￿ents for the y ended Section 145 of the Charities Act 2011 Ctre AL1). 2. R•spO￿lbiri￿qS of the Chur¢h The Church and its Charty TrLStees are respongble f a) malntslnlng wcper accounUng rectyds and preparfry aCc￿nts vthith <TJmpty with tre requlrements of the Act and the Charities SORP; b) for detemilnlng whether, in reS￿t of tre year to be examined, the Church meets the CO￿1111￿5 for exempti(x¢ frwt an audit of the accounts Set out in Sectim 145(lJ of the Act; arrfl c) for woviding You inforMat￿n and expknalions requireAI for Your examinab"on. 3. Responslbllltle• ol tho Examlner 3.1 As an independent examiner You have a Jttrtory to: a) stste In Y(xJr report whether any matter has come to Ywr attention in connertlon wtth the examlnatlc whir.h gives You rea￿nable rause to bÉb.lieve that in any merial resrrt ￿c￿nting reccds nc hpen cyerty kept in acc¢xdarKe wrth secb.on 130 of the kt (Y do not acccrfd with the acctyJntirwJ records or compty w6th t￿ RegLb1atic￿S ther than in respect of the requlrement for a true falr view; b) disclose in Your rerAYt matters coming to Your attention during the examlnation to whth, in Your ￿Inion, attentlon shoukj be drawn in txder to emable a proper understsndlng of the accounts to be reac￿, c) make any written rep)rt to the 0￿rty CMimission in com[Aian￿ secti￿ 156 of the Art. 3.2 You wlll plan your Work on the basls that an Independent examlrfs retMyt the accounts Is required for that year, unless we Infomi you In writlng to the C￿trary. 3.3 Yw will not retsin cf di￿10se any infrymatlon cljtsined during the course of y￿r examlnJtion (ther than to the Trustees. or where there Is a Str￿ duty to do so or wheTe spedficalty authorlsed to do so in wrlting by the Trustees. Scope of the txjmlnerfs work 4.1 Your work as an Independent examtrw wll be catrted (xft In acc￿thnce generdl dIr￿￿on$ of the tharlty Commission. Your examination ill te a less ￿errAs f(m cl SCTUtiny than an audfc of the accounts In accordance vAth Audltlng Stsndards and wlll Indude.. a) a revrew of the accounts'ng reccKts kept by the Church aThl a c(Mnpar19)n cl tr accounts presented with th¢tse records; b) a revlew of the accounts arKI C0Tr5ideratv￿ ￿ any Un￿￿1 ￿em{5) dlscl)5we(s) thntitled. In such cases You i￿￿tify an unusual item, will seek an explanation us and may out verificatlon and vouthlThJ kyocedures where You requlre further claiificatlcrft. 4.2 Your work cannot be relied UF#)n to identify the ￿SIC￿l ￿niSSIon c¢ Insigrlfiont emr, Th)r to dlsck6e breathes of trust or statute, neglect or fraud wthlch have tsken Jace ar￿ whlch the Church has a re5Fon5iblllty to guard against. Should You become aware, any reasons, that the aCC￿nts may te mI￿eadIng and we cannot agree awroprlate amermlments, You cMdude that the matter onl￿t L adequately deaf( with In Your ￿prt You will not Issue any reFrt Ylll wtthdraw froTn the ryagement ar￿ Th)Ofy U5 in wrttlng of the reaxns. 4.3 Should You CThKkth thèt the Church Is nct entltled to eXem￿on fr(m an autj't of the accounts or shwbj You be unable to reach a condusion on this matter then will n(tify U5 in wribThJ crf tr reasffi& If apkryrlate, you wlll di￿55 with us the need to aFVOirt an audltor. 4.4 As part ￿ y(￿r n(xmal wOcedu￿, Yw rnay reql￿ us to Fxowde Yrtten confirmatirm of any intsmatlon or explanions given by Us LY)ty during c(xrse of your v•yk S. Fees [EftHER role of independent examiner is remunerated OR The Churth agrees to pay Yw £ uFM)n receipt by the Charty Trustees of completed let￿ in the format requir￿1 by the Charty C(xnmission.]. The church wll cover any wt of pocket expenses incur￿0 in course of Y￿r w¢xk. 6. Confirmatlon This agreement will remain effeth until it is repl￿ ty until You cease to the ￿￿ttion of indepermlent examiner. will (￿firM Your acce1rtan￿ of tem75 of agr￿￿nt by arrangiTrJ ￿ the signature and return cl the ached copy to Us. &gnuJ on behalf of tr Churth as lThJependent examiner in accordance Date £1 gned by oron behaff of the Examin Page 6

Template for Independent Examlners report (where Independtht examlner does not wlsh to hlghllght any issues) Report ofthe Indep￿dent Examinerf$) to the TnLSteas of On the accourts for the year ended ￿;- S1 Glhj RespecUv• responslblllties olTrustee9 and Examln The thurch's Trustees are respjnslble for the prep)rnU￿ of the Xc￿￿$. The thurth s trustees consider that an audrc 15 not required for thi5 year under section 144 of char￿e5 kt 2011 (the thèritles Act) and that an independent examinats'￿ is needed. It is my resp)nsitM'lity to.. examlne the accounts under sectron 145 of the Charftles ALL to fclbw the procedure5 laid down in the general ￿'rectionS giv￿ by the a￿1￿ty Comm15wn (under 5edion 145(5)(b) of the Charitie5 Act, arn to stste whether partlcular matters have come to my attentkn. 8••ls of Ind•pendent u•mln8 statem My examination was (arried rJJt in aCCWdan￿ 4Mth genernl Directi(￿ gwi by the Charity commiss1￿. An examination includes a revlew of the accounting records W by tre church arKI a c(Mnparfson of the accounts presented wlth thase ￿Cor(l$. It Indudes C￿s￿leratIon of any unusual lten￿ c dixlasures In the accounts and seekirig explanattun> frum tlie trusteei CLKKeriilNJ aiiy S￿th matters. Tl ￿￿EdureS Ut￿ertake1l do not wovlde 411 the e￿den￿ that would be required In an audit, and consequth no opinw is glven as to whether the accounts present a'true and falrf view and the repyt is Ilmthl to thjse matters set out in the ststement teFow. Indep•ndffit ex•mln• •tat•ment 'n￿ the Churth s gross Income exceeded £250,(MXI ywr examiner rwst be a member of a bcty Ilsted In seCtIc￿ 145 of the 2011 Art. I confirm that r am qualffied to un(ieftake the exBMInatK￿ because l am a member of [in5ert named of Op￿ICable Ilsted I￿)dY], whlch is of the Ilsted btsJie& (Ctlete ff Income Is kss than £250,1￿) In connectlon wlth my examInaU￿, no materkl mattws have ccffie to my atenV4J) whlth glve5 me cause to beleve that In, any material respect: accounting re￿d5 nrt kept i) a(c￿danCe th SertiC￿ 130 of the Charilies or the accounts do not aCC￿d wrih the accounting rec￿d5 the accounts do not coM￿Y wth the app￿cab]e requirerrnts cO￿eMIng the forn) and contentof accounts set out In the char￿eS (Accwnts and Repjrts) RegUlatk￿ 21hJ8 rther than ary requlrement that the accounts give a and falr vlew whlch Ls nct a mts conskkno a5 part ly an indeFendent examlnatlon. (If accounts prepared on ￿15 basEs I have c(me across no other matter5 In CcmneCtl￿ wryth the examinati￿ to whkh attertlon shoukl be drawn In (wder to enatAe a proper understandlng of the accwnts to be readd. Delete the W￿d5 In the traLets if t1￿Y Tha Slgned by or on behalf of tt* Exami Date L Name Relevart PrefesSi(￿al QualifKation(s) cf b(th (tf any) Ufvj Address Page 7