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2022-12-31-accounts

Report and Accounts

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J & E Pri
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Year ended 31 December 2022

BLESSED ACCOUNTANTS 328 London Road Mitcham Surrey CR4 3ND Tel: 020 8544 1551 Email: accountants@blessedltd.com Web: www.blessedaccountants.com

EARLSFIELD BAPTIST CHURCH

FOR THE YEAR ENDED 31 DECEMBER 2022

COMPANY INFORMATION
Registered Office Magdalen Road
Earlsfield
London
SW18 3NZ
Charity Registration Number 1193754
Trustees Rev K Parr (Minister)
Mrs J Davis (Secretary)
Mr A Adesuyan (Treasurer)
Ms D Dorman
Mrs B Lee
Mrs L Perez Bernaldez
Mr B Williams
Church Secretary Mrs J Davis
Property Trustees The London Baptist Property Board (L.B.P.B)
235 Shaftesbury Avenue
London
WC2H 8EP
Paid Staff Rev K Parr (Minister)
Ms Y Biney (Cleaner)
Governing Document CIO For Earlsfield Baptist Church
Independent Examiner Mrs M Adriaans ACMA CGMA
Bankers Barclays Bank
Leicester
LE87 2BB
CONTENTS
Page
Trustees Report 1-4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Accounts 8-9

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 DECEMBER 2022

The Trustees have pleasure in submitting the Report and Accounts for the year ending 31 December 2022.

Objects of the charity

The principal aims and objectives of the Church are:

a) the advancement of the Christian faith according to the principles of the Baptist denomination;

b) the advancement of education in the Christian faith; and

c) to carry out other charitable purposes in the United Kingdom and/or other parts of the world.

The Church is committed to enabling as many people as possible to worship at its services and to become part of the local congregation. Church services continue to be held on Sunday mornings both in the Church building and via Zoom for those unable to come to the Church.

Governance

Earlsfield Baptist Church is a charity registered with the Charity Commission of England and Wales. Charity Registration number 1193754.

The policy and operating decisions of the Church rest with the Trustees who met eight times during the year.

Key decisions were brought to Church Members by emailed correspondence (hard copies were sent by post to those without access to the internet) and also communicated at Church Members' meetings.

Review of Activities

Congregation and Members

The Church celebrated its 125th Anniversary in 2022 as did the Junior/Mini Church. Weekly worship services continued to be held on Sunday mornings at 11 am. The Church continued to use the Hybrid Model for worship (online and offline community) throughout the period covered by this report. Although COVID restrictions were relaxed towards the end of 2021, for the comfort of those attending services, face coverings continued to be worn when singing for the early part of the year.

Throughout 2022, contact was maintained with all members of the congregation by fortnightly newsletters in January and February and then monthly newsletters from March onwards. Contact was also maintained with telephone calls, emails and, when possible, home visits. In the period covered by this report, one person was baptized, two people were received into membership and one member received her home call.

Current membership stands at 43.

Our Minister, Rev Keith Parr, led Lent studies and special services at Easter, Pentecost, Harvest and Christmas.

During the year, Rev Parr initiated weekly Bible Study meetings: 'Coffee and a Chat' in a local coffee shop, 'Pester a Pastor' in a local public house and a Bible Study house group via Zoom. A grant was received from the Baptist Union to help with costs. He also invited people to join him for coffee and a chat on Saturday mornings. Monthly Pastor's Pancake Parties were held at the Manse for families on the first Saturday of the month and a monthly Youth Pizza Party evening was held at the Manse. A Church barbecue was held in July. A weekly Alpha course commenced in October and was also held at the Manse. A Reunion of past members of the 14th London Boys' Brigade Company and the 38th London Girls' Brigade Company was held at the Church in October and attendees also joined the Church's 125th Anniversary Service.

The Church opened its doors for individual prayer as often as possible on weekdays during the year and a daily Prayer Texting continued to be circulated to those wishing to take part with encouraging Bible texts and suggested subjects for prayer for individuals, the local community and wider world events.

1

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 DECEMBER 2022

Mission:

The Church continued to stay active in the community.

• A cream tea was served a�er the morning service to celebrate the Pla�num Jubilee of Queen Elizabeth II in June 2022 and booklets about the Queen's Christian faith were distributed.

•The Church opened on Thursday lunch�mes and at other �mes for individual prayer.

•The Cra� and Scrabble Club con�nued its mee�ngs throughout the year.

•The Prayer Tex�ng Service con�nued whereby members were able to request prayer. These requests and other ma�ers for prayer are circulated on a daily basis.

Club continued its meetings providing a weekly, free, after school drop-in club for local children from Reception age through to Year 6 until the end of June 2022 when it closed due to very low attendance numbers.

Aviation Fellowship, Christian Solidarity Worldwide, Earlsfield Food Bank, Christian Aid, Global Care, BMS World Mission, Bible Society, Wycliffe Bible Translators, Leprosy Mission, Operation Agri and Home Mission.

but, again, due to low attendance, only a few meetings were held. However, children and young people continued to be encouraged to attend morning services and the monthly Communion Services were for all ages.

• The Church con�nued to use various social media sites to promote events and encourage contact from the general public. No�ce boards outside the Church also advertised various events.

• The Church website con�nued to be improved to be more user-friendly and informa�ve.

Premises:

General maintenance of the premises continued throughout the year where needed.

The Manse provided accommodation for Rev Parr throughout the year and maintenance is carried out when needed.

The Colour Box Montessori School continued to rent The Rock on weekday mornings during term time. A Dance School and a Stage School hired The Rock on weekday afternoons and evenings and on Saturdays respectively. The 6th Earlsfield Guiding Group used the premises on Wednesday evenings and Alcoholics Anonymous also held their weekly meetings at the Church on Thursday evenings. The Wandsworth branch of U3A held their monthly meetings at the Church on the third Monday of each month and the local Allotments Society held their Annual Show and AGM at the Church in September and November respectively.

The Church received a Home Office grant which enabled CCTV and an alarm system to be installed in all buildings.

General Data Protection Regulation 2018:

Members of the congregation continued to be contacted by email from the official church email addresses. The Church remained compliant with GDPR but work is needed to ensure it follows UK guidelines with regard to retaining members' personal information.

Safeguarding:

The church’s safeguarding statements and policies are reviewed annually and copies are displayed throughout the premises. The statements are read to the church members annually and all leaders of clubs and activities held at the church have been made aware of the statements and must adhere to the policies and procedures.

Plans for Future Periods:

Mission: The Trustees remains committed to the mission focus of the Church and endeavours to strengthen the outreach programme whenever possible. There is a mission focus each month when a specific charity or organisation is highlighted and supported through the communion offering.

2

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 DECEMBER 2022

The Church will continue with the Hybrid Model for Sunday services to give the congregation and members the choice of where to worship. Hybrid worship offers more inclusivity; it includes the housebound, those who are unwell, those who may have COVID or other health concerns, those who live far from the Church Building and those who are busy with work and family commitments. Hybrid Church offers new opportunities to include more of our community in the body of Christ.

The Church continues to look at different ways to reach out to the Community such as meeting and holding events in pubs and coffee shops.

Following the Church becoming a registered Charity in March 2021, new Bank Accounts and new registration with HMRC were finalised in late 2022.

Renovations: In 2019, Church members approved the cost of refurbishment of the existing Hall toilets but, due to the pandemic, this work was placed on hold. Planning Permission was granted but, due to the significant increase in labour and material costs, renovation of Church Halls are on hold.

Financial Activities and Affairs

Hall Hire income recovered to pre COVID levels as we received full year's income from our regular hires.

Members of the congregation continued to give generously to the Church, although average weekly offerings (including direct bank donations) was flat year on year.

The Church continued to make all payments and expenses via online bank transfer or Direct Debits. Payments were processed by the Treasurer and then approved online by either the Church Secretary or another Trustee. A small team of Church members met monthly to count and bank cash/cheque offerings.

Please see the attached detailed accounts.

Total Income decreased by £28.5k to £85.4k (2021: £113.9k), £15.2k and £13.3k lower income from Restricted and General Funds respectively.

General Fund £13.3k reduction to £80.2k (2021: £93.5k) was from lower Hall Hire income. During 2021 we received rental income for the manse (Minister's residence), this wasn’t repeated in 2022.

Restricted Fund £15.2k reduction to £5.3k (2021: £20.5k) mainly due a one off donation of £10k towards Church's Building Fund for renovations in 2021 and lower funds (£3.6k) transferred from General fund to Restricted towards Home Missions.

Total Expenditure decreased by £13.0k to £85.4k (2021: £98.4k). General expenses were £8.0k lower (£81.2k vs £89.2k) less funds transferred to Restricted fund and savings from one-off moving costs for Minister in 2021.

Restricted expenditure was £5.0k lower (£4.2k vs. £9.2k) due to reduced donations from 'Church Denominational' fund.

The total Income of £85.4k was offset by total expenditure of £85.4k (2021: surplus of £15.6k).

Net assets increased by £673k to £7,076k (2021: £6,402k), due to increased property valuation based on insurance rebuild values. Total Cash Balance at end of the year was £13.0k (2021: £15.8k).

Funding:

The Church continued to raise necessary funds from within its own membership, congregation and by hiring out its halls. The Church is committed to making donations to other charitable organisations and causes.

In this period, £3.8k (£7.5k in 2021) was donated to such charitable organisations and causes including Global Care, Christian Aid, Leprosy Mission, BMS World Mission and the Baptist Union's Home Mission. In addition to regular giving, the Church is grateful for the continued support to the Church in terms of personal donations and coffee mornings.

3

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Independent examiner's report on the accounts

Section A

Independent Examiner’s Report

Report to the trustees

Charity Name Earlsfield Baptist Church

Charity Name
Earlsfield Baptist Church
On accounts for the year
ended
Set out on pages		 31 December 2022 Charity no
(if any)		 1193754
6 - 9
(remember to include the page numbers of additional sheets)

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 / 12 / 2022 .

Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report 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 carried out under section 145 of the 2011 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 I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

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.

Date: 08.12.2023 Signed: Name: Meagan Adriaans Relevant professional ACMA CGMA qualification(s) or body (if any): Address: 23 Moorfield Road KT9 1AU

Oct 2018

1

IER

Statement of Financial Activities FOR THE YEAR ENDED 31 DECEMBER 2022 Summary Income and Expenditure Account

Unrestricted
General Restricted Total Total
Funds Funds Funds Funds
2022 2022 2022 2021
Note £ £ £ £
INCOMING RESOURCES
Incoming resources from generated funds
Voluntary income 2a 33,744 5,216 38,960 53,634
Transfer from General Fund - - -
Investment income 1,379 53 1,432 88
Gift aid recovered 5,579 - 5,579 4,142
Incoming resources from community activities
Hire of Premises 2b 39,460 - 39,460 56,085
Total Incoming Resources 2,7c 80,162 5,269 85,431 113,949
RESOURCES EXPENDED
Direct Church activities 3a,b 78,338 457 78,795 83,393
Charitable Donations 3c - 3,759 3,759 7,456
Transfer from General fund 3c 2,857 - 2,857 6,436
Transfer from Restricted fund 3c - - - 1,100
Total Resources Expended 81,195 4,216 85,411 98,385
Net Movement in Funds (1,033) 1,053 20 15,564
Revaluation of assets 676,116 - 676,116 747,931
Transfers between funds - (3,240) (3,240) 1,100
Accrual - - - -
Fund balances at 1 Jan 2021 6,377,007 25,635 6,402,642 5,638,048
Fund balances at 31 Dec 2021 7,052,090 23,448 7,075,539 6,402,642

Movements on reserves and all recognised gains and losses are shown above.

The notes on pages 8-9 form part of these accounts.

6

EARLSFIELD BAPTIST CHURCH

BALANCE SHEET

AS AT 31 DECEMBER 2022

Note
FIXED ASSETS
Tangible assets
4,5b
CURRENT ASSETS
London Baptist Property Board
5a
National Savings Income Bond
5a
Cash and bank
5a
CURRENT LIABILITIES
Liabilities falling due within one year
5c
Net Current Assets
NET ASSETS
FUND BALANCES
Unrestricted funds
General Funds
Designated funds
Restricted Funds
7c
Capital
2022
£
6,953,260
6,953,260
108,976
-
12,979		 2021
£
6,277,144
6,277,144
60,832
50,000
15,820
121,955
(323)
122,279
7,075,539
98,831
0
23,448
6,953,260		 126,652
1,153
125,499
6,402,643
99,863
0
25,635
6,277,144
7,075,539 6,402,643

For the year ended 31 December 2021, the company was entitled to the exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

Responsibilities of directors/trustees:

Approved by the Trustees and signed on their behalf on 17th December 2023 by:

A Adesuyan ACMA

Charity number: 1193754

The notes on pages 8-9 form part of these accounts.

7

EARLSFIELD BAPTIST CHURCH

Notes to the Accounts FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting Policies

The Financial Statements have been prepared in accordance with the Charities Act 2011 on a Receipts and Payments basis.

Donated income and grants receivable are taken into account when received by the charity. Income received in circumstances where a claim for repayment of tax has been or will be made to HM Revenue & Customs is grossed up for the tax recoverable. Any amount of tax reclaimed from HM Revenue & Customs but not yet received is shown within the charity's debtors.

Investment income is taken into account when receivable and expenditure, including irrecoverable VAT, when incurred by the charity, regardless of when payment is made. Donations/Grants payable are taken into account at the earlier of when they are paid or become constructive obligations. Donations/Grants for the support of mission are accounted for on the basis of support that relates to the financial year.

d) Fixed assets and depreciation: Fixed assets acquired for use by the charity are capitalised and depreciated over their estimated useful life unless they cost less than £5,000 when they are written off on purchase.

Depreciation periods are as follows:

Motor vehicles 25% reducing balance

Furniture and office equipment 25% straight line

e) Pension costs:

The company operates a defined contribution scheme for certain of its employees. Pension premiums are charged as they are paid.

f) Taxation: The Church is a charity but ‘excepted from registration’ under The Charities (Exception from Registration) (Amendment) Regulations 2014 and is exempt from taxation under the Income & Corporation Taxes Acts.

g) Cashflow statement: The Church has taken advantage of the exemption provided by the Financial Reporting Standard 1 and has not prepared a Cash Flow Statement for the year.

2a
Voluntary income
General donations
Transfer from Restricted Funds
General Fund
To Building Fund
Transfer from General Funds
To Church Denominational
2b Incoming Resources from Activities for Generating Funds
Hall Hire
Investment Income
Gift Aid recovered
Total income
3
Charitable activities
a
Direct Charitable Costs
Minister's Stipend, Pension and NIC
Pastoral Assistance and Visiting Preachers
Ministry Expenses
Church Mission activities
b
Support and Administration
Church Premises Costs
Manse costs
Admin/Other
Combined charitable activity cost
c
Donations
Transfer from General Funds
To Building Fund
To Church Denominational
Transfer From Restricted Funds
To L.B.P.B Youth Account
Donations to supported charities and causes
Total expense		 General
Restricted
Total
Total
Funds
Funds
2022
2021
£
£
£
£
30,504
2,359
32,863
47,198
3,240
3,240
-
-
-
-
-
-
2,857
2,857
6,436
33,744
5,216
38,960
53,634
39,460
0
39,460
56,085
1,379
53
1,432
88
5,579
0
5,579
4,142
46,418
53
46,471
60,315
80,162
5,269
85,431
113,949
General
Restricted
Total
Total
Funds
Funds
2022
2021
£
£
£
£
32,824
-
32,824
17,884
391
-
391
788
0
-
0
0
3,677
-
3,677
278
36,893
-
36,893
18,950
£
£
£
£
31,388
-
31,388
25,694
3,247
-
3,247
24,374
6,810
457
7,267
14,374
41,445
457
41,902
64,443
78,338
457
78,795
83,393
2022
2021
£
£
£
£
-
-
-
-
2,857
-
2,857
6,436
-
-
1,100
-
3,759
3,759
7,456
2,857
3,759
6,616
14,992
81,195
4,216
85,411
98,385

8

EARLSFIELD BAPTIST CHURCH

Notes to the Accounts FOR THE YEAR ENDED 31 DECEMBER 2022

5 Statement of Assets and Liabilities at 31 December 2022

2022 2021
Notes £ £
a)
Cash Funds Bank Current Accounts 10,688 14,631
Bank Deposit Accounts 2,291 1,189
Total Cash at bank 12,979 15,820
National Income Bond Held by London Baptist Property Board 0 50,000
Other Monetary Assets London Baptist Property Board - Main Deposit Account (DE16270) 106,023 54,691
London Baptist Property Board - Youth Deposit Account (DE16560) 2,953 6,142
121,955 126,652
London Baptist Property Board - transfer from main deposit to bank current account 0 0
b)
Assets Retained for Church Use May 2022 June 2021
Church Building (Place of worship & praise) - Magdalen Road SW18 3NZ 4,380,699 3,953,720
Church Halls - Magdalen Road SW18 3NZ 2,179,059 1,966,670
Manse (Minister and family residence) 27 Ellerton Road SW18 3NG 393,502 356,754
Church Property Valuation as at May 2022, based Church's insurer, 'Baptist Insurance' rebuild value 6,953,260 6,277,144
c)
Liabilities
Offering 570 660
Expenses 247 1,813
Net total (323) 1,153
Fund Name
Fund Purpose
Totals (per Receipts and Payments Account)		 Balance
1 January
£		 Receipts
£		 Payments
£		 Transfers
£		 Balance
31 December
£
0 0 0 0 0
Fund Name
Fund Purpose
Church Denominational
London Baptist Property Board - Youth Deposit Account
Supported Charities
Building Fund
Parents & Toddler Group
Benevolent Fund
Over 60s Club
Totals (per Receipts and Payments Account)		 Balance
1 January		 Receipts
£s		 Payments
£s		 Transfers
£s		 Balance
31 December
0
3,136
(3,136)
0
6,142
51
(3,240)
2,953
1
980
(980)
1
13,180
1,102
14,282
1,341
1,341
406
(100)
306
4,566
4,566
25,635 5,269 (4,216) (3,240) 23,448

9