Trustees’ Annual Report for the period January 2023 to December 2023
Structure, Governance and Management
Kidderminster Baptist Church is governed by an Approved Governing Document known as the Constitution. Members of the Church are accepted in accordance with the Constitution which requires them to be or to have been publicly baptised on the 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 nine 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 charitable 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. The Constitution permits decisions to be made at Church meetings by appropriate majorities, the Church seeks to work by consensus wherever possible.
Safeguarding of Children and Vulnerable Adults
The Church considers Safeguarding an essential aspect within the life of the Church in all our interactions with the vulnerable. In addition, all leaders, or those who help with small groups or ministries which may include vulnerable people are required to be DBS (Disclosure and Barring Service) checked and undertake such training. Our Safeguarding policy is attached separately.
Objectives and Activities
The principal purpose of the church is the advancement of the Christian faith according to the principles of the Baptist denomination to include the advancement of education, community service and such other general charitable purposes in such parts of the United Kingdom and the world as the Church shall determine. 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. These services take place each Sunday morning at 11.00 am. There are also occasional services at other times which are advertised on the Church Notice Board and on the website at www.kidderminsterbaptist.com. There is a full children’s programme during the morning services. The church seeks to be a friendly and welcoming community, and anybody is free to attend any of these services.
The Church runs a series of small groups for the growth of faith and discipleship for members and attenders, it runs a weekly Toddler Group for the community and a youth group twice a month. Annual celebrations of Christian festivals take place and fellowship lunches are a regular occurrence. From time to time the Church runs courses for people in the community interested in discovering more about Christianity, i.e., ‘Alpha’ and it also runs courses to support those suffering from bereavement and a weekly Renew Hope Wellbeing space.
The Church operates systems to ensure that all people working with children and vulnerable adults are appropriately vetted with regard to the Disclosure and Barring Service and has a Safeguarding policy in force which is reviewed annually. Appropriate Safeguarding training is provided. 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.
Financial Review
The Church generated funds of £93,224 during 2023. Most of the funds were through charitable giving with the remainder comprising £17,169 in rental income and £14,465 in grants. The net surplus was £14,644 with the general fund reporting a net surplus of £2,025.
In September 2023 the church utilised £12,000 of grants towards employment of a part time children and family worker. A £2,000 grant was used to refurbish the church creche and provide play equipment for toddlers with the remainder of grant funding being put towards providing a warm space for the community during times of high energy costs.
Reserves Policy
The church currently holds £84,688 in unrestricted and designated funds. The sum in the general fund is £69,620. It has in place a Reserves Policy to provide for any uncertainties to ensure that it will be able to continue operating if something untoward should occur. It should be noted that this will not necessarily allow the church to cope with extreme situations. The next review is scheduled for March 2025 (last review was March 2023).
Risks and Reserve Policy Calculation:
| Risk | Estimate | Level of risk | Value |
|---|---|---|---|
| Major building repair | £20,000 | Low risk | £ 5,000 |
| New boiler | £18,000 | High risk | £13,500 |
| Roof repairs | £15,000 | High risk | £11,250 |
| Reduction in offerings | £ 6,000 | Medium risk | £ 3,000 |
| 6 months wind down costs | £19,000 | Low risk | £ 4,750 |
The level of the reserves policy has been agreed at £37,500 based on the current financial profile.
Structure, Governance and Management
Governing Document: Constitution
Organisational Structure: Charitable Incorporated Organisation
Trustee Selection: Elected by members of the charity.
Charity name: Kidderminster Baptist Church
Charity registration number: 1196300
Registered Address
Kidderminster Baptist Church, Franche Road, Franche, Kidderminster, DY11 5BE.
Trustees
The Revd J Borlase (Minister) Mr A Whybrew (Secretary) Mrs T Fox (Treasurer) Mr A Titley (Resigned 28/03/2023)
Mr C Lane Mr J Walton Mrs T Wheeler Mrs S Wolstenholm
Property Trustees
The Baptist Union Corporation Limited Baptist House, 129 Broadway, Didcot, Oxfordshire OX11 8RT
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date
ANNUAL ACCOUNTS KIDDERMINSTER BAPTIST CHURCH
STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDING 31 DECEMBER 2023
| Notes INCOMING RESOURCES Donations and Legacies 2 Charitable Activities 3 |
|||
|---|---|---|---|
| Unrestricted Funds £ 63,630 29,594 |
Restricted Funds £ 280 0 |
TOTAL FUNDS | |
| £ | |||
| 63,910 | |||
| 29,594 | |||
| Total Incoming Resources | 93,224 | 280 | 93,504 |
| RESOURCES USED Charitable Activities 4 Total Resources Used |
78,100 78,100 |
760 760 |
|
| 78,860 | |||
| 78,860 | |||
| Net incoming resources | 15,124 | -480 | 14,644 |
| Net movement in funds Reconciliation of Funds General (Unrestricted) 5 Children and Family Worker (Designated) 5 Children and Family worker restricted (Restricted) 5 Renew Wellbeing (Designated) 5 Tots Time & Creche Grant funding (Designated) 5 Endowment Fund (Endowment) 5 |
70,240 13,725 1,343 0 577,786 |
0 | |
| 14,644 | |||
| 70,240 | |||
| 13,725 | |||
| - | |||
| 1,343 | |||
| - | |||
| 577,786 |
Page 1
Franche Road, Kidderminster, Worcs. DY11 5BE Registered Charity Number 1196300 Minister: Rev Jason Borlase
BALANCE SHEET AS AT 31 DECEMBER 2023
| Notes Tangible Fixed Assets 6 Current Assets Cash Accounts Receivable Current Liabilities Accounts Payable Net current assets |
2,023 £ 577,786 0 82,171 3,627 1,109 84,688 662,474 |
2,022 £ 577,786 0 68,426 2,946 1,327 70,044 |
|---|---|---|
| Net Assets | 647,830 | |
| Charitable funds: General Unrestricted 5 Children and Family Worker (Designated) 5 Children and Family worker (Restricted) 5 Renew Wellbeing (Designated) 5 Endowment Fund (Endowment) |
69,620 13,725 0 1,343 577,786 |
67,595 137 480 1,832 577,786 |
| Net Assets | 662,474 | 647,830 |
2022 deferred income of £1831.65 moved to Renew Wellbeing unrestricted fund.
Page 2
Franche Road, Kidderminster, Worcs. DY11 5BE Registered Charity Number 1196300 Minister: Rev Jason Borlase
Note 1 BASIS OF PREPARATION
The accounts have been prepared under the historic cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. They have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on the 16 July 2014 and with the Charities Act 2011.
| Note 2 VOLUNTARY INCOME | ||||||
|---|---|---|---|---|---|---|
| Unrestricted | **Restricted ** | Endowment | TOTAL | |||
| £ | £ | £ | £ | |||
| Donations and Legacies | 49,165 | 280 | 0 | 49,445 | ||
| Grants | 14,465 | 14,465 | ||||
| TOTAL | 63,630 | 280 | 0 | 63,910 | ||
| Note 3 CHARITABLE ACTIVITIES - OTHER INCOME | ||||||
| Unrestricted | **Restricted ** | Endowment | TOTAL | |||
| £ | £ | £ | £ | |||
| Gift Aid | 7,923 | 0 | 0 | 7,923 | ||
| Hall Rental | 17,169 | 0 | 0 | 17,169 | ||
| Other Income | 4,502 | 0 | 0 | 4,502 | ||
| Total | 29,594 | 0 | 0 | 29,594 |
| Note 3 CHARITABLE ACTIVITIES - OTHER INCOME | Note 3 CHARITABLE ACTIVITIES - OTHER INCOME | Note 3 CHARITABLE ACTIVITIES - OTHER INCOME | ||||
|---|---|---|---|---|---|---|
| Unrestricted | **Restricted ** | Endowment | TOTAL | |||
| £ | £ | £ | £ | |||
| Gift Aid | 7,923 | 0 | 0 | 7,923 | ||
| Hall Rental | 17,169 | 0 | 0 | 17,169 | ||
| Other Income | 4,502 | 0 | 0 | 4,502 | ||
| Total | 29,594 | 0 | 0 | 29,594 | ||
| Note 4 CHARITABLE ACTIVITIES | ||||||
| Unrestricted | **Restricted ** | Endowment | TOTAL | |||
| £ | £ | £ | £ | |||
| Ministry | 1,990 | 0 | 0 | 1,990 | ||
| Mission | 5,375 | 0 | 0 | 5,375 | ||
| Establishment | 71,495 | 0 | 0 | 71,495 | ||
| Total | 78,860 | 0 | 0 | 78,860 |
Page 3
Franche Road, Kidderminster, Worcs. DY11 5BE Registered Charity Number 1196300 Minister: Rev Jason Borlase
----- Start of picture text -----
Note 5 BALANCE OF ALL FUNDS
Incoming Resources
Opening Balance Resources Expended Transfers Closing Balance
FUND £ £ £ £ £
General 67,595 73,170 71,145 0 69,620
Children and Family Worker 137 18,054 4,466 0 13,725
Children and Family worker restricted 480 280 760 0 0
Renew Wellbeing 1,832 0 489 0 1,343
Tots Time & Creche Grant funding 0 2,000 2,000 0 0
Endowment Fund 577,786 0 0 0 577,786
Total 647,830 93,504 78,860 0 662,474
----- End of picture text -----
| Note 6 FIXED ASSETS | |
|---|---|
| Assets As at 27 October 2021 Additions Disposals As at 31 December 2022 Net Book value |
C Church Building Manse Building Total £ £ £ 407,175 170,611 577,786 |
| 407,175 170,611 577,786 |
|
| 407,175 170,611 577,786 |
|
The Church building is included in the balance sheet at £407,175 because reliable cost information is not available. Formal valuation would incur significant costs that would be onerous compared with the additional benefits gained by the users of the accounts. Refurbishment and maintenance costs are met as required and maintain the useful life of the assets. Both the church and the manse are held in trust by the Baptist Union.
Furniture or equipment is capitalised when the total purchase cost exceeds £15,000. As at the 31/12/23 the Church does not own or have use of any furniture or equipment above this value.
Depreciation
Depreciation has not been charged on the Church or the Manse premises because, in the opinion of the trustees the residual value of the assets is not less than the original cost price.
Page 4
Franche Road, Kidderminster, Worcs. DY11 5BE Registered Charity Number 1196300 Minister: Rev Jason Borlase
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