## Charity Registration Number: 1193988
## **Trustee Annual Report**
## **Year Ending 31st December 2023**
**____________________________________________________________**
The Trustees present their report and financial statements of the charity for the year ended 31st December 2023
## **Reference and administrative details:**
**Registered Charity Name:** Kenilworth Baptist Church
**Charity Registration Number :** 1193988 Farmer Ward Road **Principle Office:** Kenilworth Warwickshire CV8 2DH
**The Trustees:** Mr David Shippam Mr Philip Thompson
**Church Administrator:** Mrs Julia Young
**Church Auditor:** Mr Peter Waterman 38 Canisland Park Park Mill Swansea SA3 2ED
## **Structure, governance and management**
The Pastor and Elders are the Charity trustees and they are responsible for the governance of The Church and the fulfilment of the purpose through it’s activities acting according to The Will of God and the approval of the Church Members meeting where approval is needed. The Church’s organisational structure and the procedures for the appointment of the leadership are specified in the Church Constitution. This Constitution was approved by the Church Meeting on 10/01/21 and can only be altered by a resolution of a Special Church Members Meeting.
The Charity Trustees are aware of the need to examine the major financial, strategic and operational risks faced by The Church within their best capabilities. We confirm that systems have been established so that necessary steps can be taken to mitigate those risks.
It is the opinion of the Charity Trustees that there are sufficient reserves to maintain on-going operations.
The trustees have complied with the duty 17(5) of the 2011 Charities Act to have due regard to public benefit guidance published by The Charity Commission.
____________________________________________________________
## **Objectives and activities**
The principle purpose of The Church is 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.
____________________________________________________________
## **Achievements and Performance**
## Church Building.
We are delighted that we were able to have installed a new heating system through donations to The Church having been struggling with the temperamental old system that often left people cold during Church services and activities. We are pleased that people of all age groups can come in and benefit form this.
New decorating has also taken place and we do all we can to keep the building clean, safe and to a high standard.
Church Ministry.
The nature of Church ministry means that many of the aspects of our 2022 report will also feature again here with a few additions.
In 2023 we started a Bible School where people can come along and explore different aspects of The Bible. This is continuing in 2024.
We were wanting to maximise the use of our web-site and to start putting our Sunday Service sermons on line and this should be completed by October this year.
We continue to help our Church community using WhatsApp platform with a daily encouragement from The Bible called PDS Truth along with a prayer app, for urgent prayer requests and a general ‘Group chat’ platform. These all help people stay connected and hopefully helps isolate loneliness.
Our Sunday morning service continues to provide a place for worship, friendship and teaching from The Bible. We are so encouraged with feedback from people who have been helped through so many challenging aspects of life.
Pastoral care continues to offer encouragement to help people navigate through different seasons of life.
We continue to remain very flexible with the young people and Children’s ministries because numbers can fluctuate so much, but are really encouraged with the teaching and help those who come have received.
## **Other**
We are carefully in the process of considering the appointment of a third trustee.
## **Volunteers**
We continue to be so grateful for the ‘behind the scenes’ work of our wonderful team of volunteers, from help with cleaning, welcoming people and running the Children’s work. Thank You.
Thanks also goes to those who pray, contribute financially and support the vision of the Church.
## **Safeguarding**
Our safeguarding policy is published on our web-site. This was reviewed in 2023 and training certificates issued to those attending courses.
All members of the Safeguarding team and the Youth and Children’s work team have completed a Safeguarding course in 2024.
________________________________________________________________
## **Financial Review**
Income for the year amounted to £89,562 (2022:£78,955) and expenditure £80,941 (2022:£79,793).
The year end unrestricted fund balance was £40,374
________________________________________________________________
## **Going Concern**
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.
________________________________________________________________
## **Statement of Trustee’s responsibilities.**
The Trustees are responsible for preparing the Trustees’ report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities require the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to :
- Select suitable accounting policies and then apply them consistently;
- Observe the methods and principles in the Charities SORP;
- Make judgements and estimates that are reasonable and prudent;
- State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- Prepare financial statements on the going concern basis unless it is inappropriate to presume the charity will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position
of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud or and other irregularities.
The annual report was approved by the Trustees of the charity on 20th September 2024 and signed on its behalf by:
David M Shippam Trustee
⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯
## **Kenilworth Baptist Church**
## **Financial Report 2023**
Registered Charity No: 1193988
KENILWORTH BAPTIST CHURCH
## FINANCIAL REPORT 2023
----------------------------------------------------------------------------------------------------------------------------------------
## REPORT OF THE TRUSTEES
The Trustees are responsible for the integrity and accuracy of the financial statements. The Trustees believe that the financial statement for the year ended 31[st] December 2023 has been prepared in conformity with general accepted accounting principles appropriate in the circumstances. In preparing the financial statements, the Trustees make informed judgements and estimates where necessary to reflect the expected effects of events and transactions that have not been completed.
In meeting their responsibility for the reliability of the financial statements, the Trustees rely on a system of internal accounting control. This system is designed to provide reasonable assurance that assets are safeguarded and transactions are executed in accordance with the Trustee's authorisation and recorded properly to permit the preparation of financial statements in accordance with generally accepted accounting principles. The design of this system recognises that errors and irregularities may occur and that estimates and judgements are required to assess the relative cost and expected benefits of the controls. The Trustees believe that the accounting controls provide reasonable assurance that errors or irregularities that could be material to the financial statements are prevented or would be detected within a timely period.
The independent auditor is engaged to express an opinion on the financial statements. The opinion is based on procedures, which are believed to be sufficient to provide reasonable assurance that the financial statements contain no material errors.
## INDEPENDENT AUDITOR
I have audited the accounts on pages 2 to 5 and I am satisfied that they have been drawn up in accordance with the bank statements, invoices and receipts produced to me and are consistent with the explanations supplied by the Treasurer and Trustees of Kenilworth Baptist Church.
> Signed : _PWaterman_ .
Date: 12/04/2024
P Waterman 38 Cannisland Park Parkmill Swansea SA3 2ED
Registered Charity No: 1193988
Page 1
KENILWORTH BAPTIST CHURCH
## FINANCIAL REPORT 2023
----------------------------------------------------------------------------------------------------------------------------------------
## STATEMENT OF FINANCIAL ACTIVITIES Year ended December 2023
|STATEMENT OF FINANCIAL ACTIVITIES
Year ended December 2023||
|---|---|
|Notes
INCOME AND EXPENDITURE
INCOMING RESOURCES
Offerings & donations
Gift Aid
Other Income
Miscellaneous income
RESOURCES USED
DIRECT CHARITABLE EXPENDITURE
Support costs
2
OTHER EXPENDITURE
Administration
3
Donations
4
Depreciation
5
Total resources used
Net incoming/(outgoing) resources before
transfers
Transfer between funds
NET MOVEMENTS IN FUNDS
Balances b/forward at 1 January
Balances C/forward at 31 December|Unrestricted
Funds
£
Restricted
Funds
£
Total Funds
31stDec
2023
£
Total Funds
31stDec
2022
£
56,358
-
56,358
49,337
8,198
-
8,198
7,885
25,006
-
25,006 21,483
-
-
-
250|
||89,562
-
89,562
78,955|
||38,918
-
38,918
36,582
30,945
-
30,945
30,732
4,099
-
4,099
4,765
7,079
-
7,079 7,714|
||42,123
-
42,123 43,211|
||81,041
-
81,041
79,793|
||8,521
-
8,521
(838)
-
-
-
-|
||8,521
-
8,521 (838)
31,753
349
32,102
32,940|
||40,274
349
40,623
32,102|
The notes on pages 4 to 5 form part of these accounts
Registered Charity No: 1193988
Page 2
KENILWORTH BAPTIST CHURCH
## FINANCIAL REPORT 2023
----------------------------------------------------------------------------------------------------------------------------------------
|BALANCE SHEET
Year ended December 2023
Notes
FIXED ASSETS
Tangible fixed assets
6
CURRENT ASSETS
Debtors and prepayments
Cash at bank and in hand
CREDITORS: amounts falling due
within one year
7
NET CURRENT ASSETS
CREDITORS: amounts falling due
more than one year
8
NET ASSETS
Represented by:
FUNDS
Unrestricted
Restricted
9|£
-
24,385|31stDec
2023
£
£
16,788
-
12,854
450
23,835
-
40,623
40,274
349
40,623|31stDec
2022
£
19,698
12,404
-|
|---|---|---|---|
||550|||
|||||
||||32,102|
||||31,753
349|
||||32,102|
Approved and signed by the Trustees on ........................
…………………………………………
…………………………………………
For and on behalf of Kenilworth Baptist Church
The notes on pages 4 to 5 form part of these accounts
Registered Charity No: 1193988
Page 3
KENILWORTH BAPTIST CHURCH
## FINANCIAL REPORT 2023
- ----------------------------------------------------------------------------------------------------------------------------------------
NOTES TO THE ACCOUNTS FOR YEAR ENDED 31 DECEMBER 2023
- 1 Accounting Policies
- (1) The financial statements have been prepared on an accruals basis and in accordance with the applicable accounting standards and provisions of the Charities SORP (Statement of Recommended Practice: “Accounting for Charities”).
- (2) The Church records investments in land, buildings and equipment at cost. Assets of less than £250 are treated as normal business expenditure and are charged in full when incurred.
- (3) Depreciation is computed using the straight-line method. Service lives for principal assets are 10 years for building improvements and 5 years for equipment.
- (4) The church buildings continue to be held in trust by the Heart of England Baptist Association. The Baptist Insurance company carried out a ‘cost of re-build’ valuation in December 2021 and valued this at £1,394,055.
|2
Support Costs
Training and conferences
Salaries, wages & employers NI
Travel expenses
Resources and tapes
3
Administration
Hall costs
Office costs
Legal & professional fees
Hospitality
4
Donations
Gifts
Outreach|Unrestricted
Funds
£
906
35,682
704
1,626
38,918
27,705
2,199
697
344
30,945
1,832
2,267
4,099|Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-|2023
Total
£
906
35,682
704
1,626
38,918
27,705
2,199
697
344
30,945
1,832
2,267
4,099|2022
Total
£
190
35,929
426
37
36,582
28,969
1,051
609
103
30,732
700
4,065
4,765|
|---|---|---|---|---|
Registered Charity No: 1193988
Page 4
KENILWORTH BAPTIST CHURCH
## FINANCIAL REPORT 2023
----------------------------------------------------------------------------------------------------------------------------------------
- 5 The accounting policy for depreciation has been changed from reducing balance to straight line. The change was made to reflect a more realistic position of the assets
- 6 Tangible Fixed Assets
|Cost
At 1 January 2023
Disposals
Additions
At 31 December 2023
Accumulated depreciation
At 1 January 2023
Disposals
Charge for year
At 31 December 2023
Net book values
At 31 December 2022
At 31 December 2023|Building
Improvements
£
27,293
-
-
27,293
12,246
-
2,671
14,917
15,047
12,376|Fixtures,
fittings &
equipment
£
50,255
(25,043)
4,168
29,380
45,604
(25,043)
4,407
24,968
4,651
4,412|Total
£
77,548
(25043)
4,168-
56,673
57,850
(25043)
7.078
39,885
19,698
16,788|
|---|---|---|---|
Tangible fixed assets have been adjusted to reflect the removal of all assets which have been fully depreciated and have been disposed of by the Charity. No income or profits derived from the disposal of the assets.
- 7 Creditors: Amounts Falling Due - within one year
|rs: Amounts Falling Due - within one year|||
|---|---|---|
||2023|2022|
||£|£|
|Accruals|550|450|
|rs: Amounts Falling Due – more than one year|||
||2023|2022|
||£|£|
|Creditors|-|-|
- 8 Creditors: Amounts Falling Due – more than one year
- 9 Restricted Funds
The Street Angels Fund was established to provide for a youth outreach in Kenilworth.
Registered Charity No: 1193988
Page 5
## **Kenilworth Baptist Church**
## **Audit Report 2023**
Registered Charity Number 1193988
KENILWORTH BAPTIST CHURCH AUDIT REPORT 2023
----------------------------------------------------------------------------------------------------------------------------------------
## AUDITORS REPORT
I have examined the accounts of the Kenilworth Baptist Church with the books and vouchers supplied to me. To the best of my information and belief the said accounts show a true and fair view of the surplus/deficit for the year and of the state of affairs as at 31[st] December 2023. These are reflected in the Financial Report 2023. This report and the attached 3 schedules are to be read in conjunction with the Financial Report 2023.
Following previous years report all of the points raised have been implemented.
There are no new audit points.
## Signed : _PWaterman_
Date : 12/04/2024
P Waterman 38 Cannisland Park Parkmill Swansea SA3 2ED
Registered Charity Number 1193988
Page 1
KENILWORTH BAPTIST CHURCH AUDIT REPORT 2023
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SCHEDULE 1
INCOME - ACCRUALS
1
## EXPENDITURE - ACCRUALS
## 1 Administration
Legal & professional reversal of Accrual fy22 Waterman £( 450) Accrual fy23 Waterman £ 550
Registered Charity Number 1193988
Page 2
KENILWORTH BAPTIST CHURCH AUDIT REPORT 2023
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## SCHEDULE 2
## FIXED ASSETS
|FIXED ASSETS||||||
|---|---|---|---|---|---|
|||||||
||Cost||**Purchased**||**Depn**|
|||||||
|BUILDING IMPROVEMENTS|||||10%|
|Roof|580||2008||58.00|
|Doors & Floor|9,568||2016||956.80|
|Flooring|7,696||2019||769.60|
|Electrics + plumbing|9,449||2021||944.92|
|||||||
|FIXTURES, FITTINGS & EQUIPMENT|||||20%|
|Blinds|2,336||2018||467.20|
|Kitchen equipment|961||2018||192.20|
|pa equipment|4,047||2018||809.40|
|pa equipment|15,790||2019||3,158.00|
|chairs|847||2021||169.44|
|Apple Ipad|1,231||2022||246.20|
|Drapes|2,240||2023||448.00|
|Computer|1,928||2023||385.60|
Registered Charity Number 1193988
Page 3
KENILWORTH BAPTIST CHURCH AUDIT REPORT 2023
----------------------------------------------------------------------------------------------------------------------------------------
|**FIXED ASSETS & DEPRECIATION ANALYSIS**|**FIXED ASSETS & DEPRECIATION ANALYSIS**|**FIXED ASSETS & DEPRECIATION ANALYSIS**||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||||||||||
||**Desc**|**Cost**|**Year**|**depn**||**2001-16**|**2017**|**2018**|**2019**||**2020**||**2021**||**2022**||**2023**||**NBV**|
|||||||||||||||||||||
|BUILDING IMPROVEMENTS||||||||||||||||||||
|Roof||580|2008|58.00||522.00|58.00||||||||||||0.00|
|Doors & Floor||9568|2016|956.80||956.80|956.80|956.80|956.80||956.80||956.80||956.80||956.80||1,913.60|
|Flooring||7696|2019|769.60|||||769.60||769.60||769.60||769.60||769.60||3,848.00|
|Electrics + plumbing||9449|2021|944.92|||||||||944.92||944.92||944.92||6,614.42|
|||||||||||||||||||||
||||COST|||10,148.00|10,148.00|10,148.00|17,844.00|17,844.00||27,293.18||27,293.18||27,293.18||||
||||DEPN FOR YEAR|||1,478.80|1,014.80|956.80|1,726.40|1,726.40||2,671.32||2,671.32||2,671.32||||
||||CUML DEPN|||1,478.80|2,493.60|3,450.40|5,176.80|6,903.20||9,574.52||12,245.84||14,917.16||||
||||NBV|||8,669.20|7,654.40|6,697.60|12,667.20|10,940.80||17,718.66||15,047.34||12,376.02|||12,376.02|
|||||||||||||||||||||
||**Desc**|**Cost**|**Year**|**depn**||**2001-16**|**2017**|**2018**|**2019**|**2020**||**2021**||**2022**||**2023**|||**NBV**|
|FIXTURES, FITTINGS & EQUIPMENT||||20%||||||||||||||||
|Blinds||2336|2018|467.20||||467.20|467.20|467.20||467.20||467.20|||||0.00|
|Kitchen equipment||961|2018|192.20||||192.20|192.20|192.20||192.20||192.20|||||0.00|
|pa equipment||4047|2018|809.40||||809.40|809.40|809.40||809.40||809.40|||||0.00|
|pa equipment||15790|2019|3,158.00|||||3,158.00|3,158.00||3,158.00||3,158.00||3,158.00|||0.00|
|chairs||847|2021|169.44||||||||169.44||169.44||169.44|||338.88|
|Apple Ipad||1231|2022|246.20||||||||||246.20||246.20|||738.60|
|Drapes||2240|2023|448.08||||||||||||448.08|||1,792.30|
|Computer||1928|2023|385.60||||||||||||385.60|||1,542.40|
|||||||||||||||||||||
||||COST|||||7,344.00|23,134.00|23,134.00||23,981.20||25,212.20||29,380.58||||
||||DEPN FOR YEAR|||||1,468.80|4,626.80|4,626.80||4,796.24||5,042.44||4,407.32||||
||||CUML DEPN|||||1,468.80|6,095.60|10,722.40||15,518.64||20,561.08||24,968.40||||
||||NBV|||||5,875.20|17,038.40|12,411.60||8,462.56||4,651.12||4,412.18|||4,412.18|
|||||||||||||||||||||
||||COST|||10,148.00|10,148.00|17,492.00|40,978.00|40,978.00||51,274.38||52,505.38||56,673.76||||
||||DEPN FOR YEAR|||1,478.80|1,014.80|2,425.60|6,353.20|6,353.20||7,467.56||7,713.76||7,078.64||||
||||CUML DEPN|||1,478.80|2,493.60|4,919.20|11,272.40|17,625.60||25,093.16||32,806.92||39,885.56||||
||||NBV|||8,669.20|7,654.40|12,572.80|29,705.60|23,352.40||26,181.22||19,698.46||16,788.20|||16,788.20|
Registered Charity Number 1193988
Page 4