## Report and Accounts **----- Start of picture text -----**
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. - Church also manage and help at the Food Bank on Thursday mornings. • 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 FOR THE YEAR ENDED 31 DECEMBER202Z nan¢lal Re¥knY The Churth haslAvo maln Sour￿ of in(y)rre: rental irKome from (￿￿o￿￿e9 IrTrè1n￿ hall hirel and VDILbrrtary don*10￿ Ichurth offerings and gen¥al don•ty)Dslwl¥ch are Grf*d Aided. ThesÈ*)knitarydonatiwtsto General fitrKI detrEa5d by8%to £80.Sk 12U21: £332kl. dueto less oneoff 6)nati￿Cor￿nTh￿1O￿￿￿rtth Offer1r￿ *￿￿￿&VearonYear[£2S.7kvS £25.7kl.The mix ofgmng drastically changed COWD- 74% Ofchwthofferl￿ n1Thvlv￿dQTre￿ty0DIcaIty ty bank trnsfer/strdndingorder166% in 202L 57% in 2020and 33% in 2019). Hireof Premi%es it)come of£395kl2021: £56.Ikl decre&ed by 29￿ A cornknatron c*oneofl ￿n￿l¥8 u*omefromthe Manse in 2021 offset byftjll wr in¢orne from hall hires k>&do￿l rEStriLtr>n5 durirrf 202L Cjirert ChurthP£iiwtiesexpertses of£7&4k were £4.4k bjwerthan 2021 duptofull )wof Ministerts costsle4. Stipend and pension) and church missKJn atti¥rbÈS, offset bysawrqs )r#)vi￿ ¢osts fvr Mini5terand famtyand houyng rentsl accornmodation for6 months in 202L The maic￿lty costwithin TThSSW)n xtwitses ¥Rs vrith Red Balloon Foltndation to 5UPk¥)rtSundayschool regrowth ¢>)5t COMD. The Church contlnued to spw¥l within it5mear&Thi$ GeneRI eXPe￿e latioT￿*t lo1%12￿21. 9S%I.The ch￿￿* aimsto maintsin an expe1￿ ratitiof tsrca 95%lfor£l in(Jry 95p on expense). 101% èywense rdtio 15 hthrthafttsrW dueto lowerone off donarfortslcontrtb￿Ttirts than expthd. Futwe experses wai reduce in linewtth It)H￿inCom The Church is heav1￿1 dÈwderton fG ￿￿MberS and the rernwThJer ofitscrmwegatson *￿rkI￿ga5 voluTrteers in all asr£cts ofihe Church's artn￿[e5. many of which have rrtdE impad onthe thurch'Sexy￿dlturl txrt [￿Verthe￿ totrtrib￿etOthe xhtevement ofthe Churth's obieLtsv& is the policy ofthe Churthto th￿n￿rn ￿eSt￿ t4￿(•$b bala￿e equNakntto two months, expenditure l£urrÈndy£15kl. If the balance is h￿hÈrthanthis atthe end of theyear. the ddts to betranSf￿ th our DewsÈisaviw5 aC￿unt held with l.8￿.8. to benefft frotn the higlErinterest rates. Atthe of 2022.totsl bankosh balarKe vas£12979. Cnartty law requi￿5 us asTnJstetsto pw#rEfiroK1a15tsteM￿fv*eth arwJrrtireyearf*knich8i¥ta true andknvwofthe ststeof thecharttyaTrJ of and ey4*ndibJre forthE year. l. Select Suitab￿ acwutlling PDlioe5 aps*them t(thsistenily. 2. Make judgements and estirnate5 th3tarereas0nal￿e arml W￿Ye￿￿ 3. Stste whetF*rthe aP￿bl￿acCo￿Thtir* stsndafds hast t*en fDllo¥Rd. SUbi￿t￿ ary material dep3rture5 thsdosed atyj elplained in theaccrntnts. 4. PreparothÈfinarKial stateTh￿ on an ywr¥corKem basis ￿￿1￿$5 Èt 15 ￿pE￿teth ￿¥S￿rnethat ￿(harity w11 Cothinue in Jslness. TnJ5tee5 are respowblefor ke￿￿ade4￿x¢vuntsThBTecOrfs whKh th5th5e, with reasonable a(tu￿Yat8nytiMe. the finanoal F*JSitK)n ofthe tx>mpanyand ertsU￿ Vwtthefinallcial stat&Wts ¢￿￿With the Compawe5 Act 2C¥)6. Trustees aLso have a reSpons[￿rrtytO5?fVdthe3k$etsOI￿* d4rfty andto takerè•S0nab￿ stepsto preVWtfra￿Ior8Thy other Irrwlatstie> This ￿portwo5 apwoved tyth0Tr￿tee5 and ChuFkl¥lwknon 17th t*(emb￿20￿ a￿signed on the1f￿half1ry.' Mrsj Da￿$ lthwthsecretsryl **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: - the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or - the accounts did 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. - _Please delete the words in the brackets if they do not apply._ **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:_ - _a. The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with Section 476 of the Companies Act - however, in accordance with Section 145 of the Charities Act 2011 the accounts have been examined by an independent examiner whose report forms part of this document._ - _b. The directors/trustees acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime._ 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. - a) Donated and grant income: 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. - b) Other income and expenditure: 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. - c) Funds: Unrestricted funds are donations and other income received or generated for the objects of the charity without specified purpose and are available for purposes as directed by the trustees. Restricted funds are amounts received where the donor has specified the purpose for which it should be used. 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**| - **4 Assets for Church Purposes** The freehold land and buildings (Church's premises and a manse) are owned by the Church but held in a trust by the London Baptist Property Board. Insurance rebuild value as at May 2022 is used as valuation for these assets, is considered the most appropriated basis. 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**| - **6 Staff and Trustees** - At 31 December 2022, the charity employed 2 staff. Its activities are generally carried out by volunteers. No staff received salaries at a rate of more than £60,000 per annum. - During the year the Minister was reimbursed for expenses totalling £1,163.10, other Trustees were reimbursed for expenses totalling £70.60 - The Minister, Rev. Keith Parr is also Chair of Trustees at Global Care (charity no. 07560813). In 2022, the Church via Communion offering collected and donated £121 for Global Care - **7 Funds** Analysis of Fund Movements for the Year - a) **Unrestricted Funds** may be used by the Church for any of its ordinary purposes. The movements in the fund are shown in the Receipts and Payments Account. - b) **Designated Funds** represent sums set aside, out of ordinary unrestricted funds, for specific designated purposes, but they can be transferred back into general funds at any time. |**Fund Name**
**Fund Purpose**
Totals (per Receipts and Payments Account)|**Balance**
**1 January**
**£**|**Receipts**
**£**|**Payments**
**£**|**Transfers**
**£**|**Balance**
**31 December**
**£**| |---|---|---|---|---|---| ||||||| ||0|0|0|0|0| - c) **Restricted Funds** represent either income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest, or donations or grants received or invited for a specific purpose. The funds may only be spent on the specific purpose for which they were given. Any balance remaining unspent must be carried forward as a balance on that fund and cannot be absorbed into general funds. |**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