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2022-12-31-accounts

Contents
Trustees'
Annual
Report
2 —7
Independent
Examiner's
Report
Statement
of Financial Activities 2022
Balance Sheet 10
, Statement of Financial Activities 2021
Notes to the Accounts 12-21

Notes Unrestricted
funds
Designated
funds
Restricted
funds
Total 2022
funds
Total 2021
funds
Total 2021
funds
f. F 6
Income and endowments from:
Donations
and legacies
124,147 4,106 128,253 134,544
Income from charitable
activities
6,365 6,365 2,278
Other trading
activities
56,733 56,733 31,145
Investments 1,563 1,563 176
Other income 3,35?
Total income and endowments 188,808 4,106 192,914 171,500
Expenditure
on:
Expenditure
on charitable
activities
Preaching,
Teaching,
Music
Worship
& 58,362 58,362 65,999
Youth Ministry 8 1,210 1,210 652
Evangelism
&Other Ministries
9 5,601 2,000 7,601 2,966
Fellowship 10 1,690 1,690 496
Mission (Institutions) 11 18,618 18,618 14,834
Establishment 12 80,003 815 80,818 ?6,610
Management
&Administration
13 5,916 5,916 5,225
Governance 14 5,980 5,980 3,858
Other expenditure 15 (18,601) (18,601) (523)
Total expenditure 177,380 (16,601) 815 161,594 170,117
Gains Ilosses on investment assets
Net income I(expenditure) before transfer 11,428 16,601 3,291 31,320 1,383
Transfers
Gross transfers
between
funds - in 2,939 2,824 5,763 4,593
Gross transfers
between
funds - out (2,724) (1,739) (1,300) (5,763) (4,593)
Other recognised
gains
I losses
Gains on revaluation,
fixed
assets, charity's
own use
Net movement
in funds
11,643 1?,686 1,991 31,320 1,383
Reconciliation
offunds
Total funds brought
forward
69,057 7,422,790 16,874 ?,508,721 7,507,338
Total funds carried forward 80,700 7,440,476 18,865 7,540,041 7,508,721

Balance sh eet
2022 2021
Notes Funds Funds
R
Fixed assets
Tangible assets 18 7,340,144 7,343,840
7,340,144 7,343,840
Current assets
Debtors 19 12,596 9,584
Cash at bank and in hand 20 195,220 182,234
207,816 191,818
Liabilities
Creditors: Amounts
year
falling due in one 21 7,919 5,437
7,919 5,437
Net current assets less current liabilities 199,897 186,381
Total assets less current liabilities 7,540,041 7,530,221
Provisions 24 21,500
Total net assets 7,540,041 7,508,721
Represented
by
Unrestricted 22
General
Fund
80,700 69,057
Designated 22
Buildings 7,337,733 7,337,733
Legacy 7,216 9,030
Mission and Outreach Fund 5,527 7,527
Special Reserve Fund 65,000 65,000
Building Repairs
Pension Reserve (21,500)
Additional
Workers
Fund 25,000 25,000
Special Projects Fund
Restricted 22
Family and Youth Work Fund 881 881
Furniture
B Equipment
Fund 8,917 8,432
Housing
Fund
5,817 5,811
Minister's
Pastoral
Fund 3,250 1,750
Mission Fund
Funds ofthe church ?,540,041 7,508,721

Unrestricted Designated Restricted Total 2021 Total 2020
funds funds funds funds funds
r; 6 6
Income and endowments from:
Donations
and legacies
128,544 6,000 134,544 117,815
Income from charitable
activities
2,278 2,278 1,255
Other trading
activities
31,145 31,145 29,140
Investments 176 176 323
Other income 3,357 3,357 3,283
Total income and endowments 165,500 6,000 171,500 151,816
Expenditure
on:
Expenditure
on charitable
activities
Preaching,
Teaching,
Music
&Worship 65,999 65,999 66,341
Youth Ministry 652 652 291
Evangelism
8 Other Ministries
2,966 2,966 6,509
Fellowship 496 496 780
Mission (Institutions) 14,834 14,834 22,181
Establishment 69,423 6,873 314 76,610 85,137
Management
&Administration
5,225 5,225 5,372
Governance 3,858 3,858 2,100
Other expenditure (523) (523) (12,683)
Total expenditure 163,453 6,350 314 170,117 176,028
Net income
/ (expenditure)
transfer
before 2,047 (6,350) 5,686 1,383 (24,212)
Transfers
Gross transfers
between
funds - in 4,593 4,593 3,714
Gross transfers
between
funds - out (4,593) (4,593) (3,714)
Net movement
in funds
(2,546) (1,757) 5,686 1,383 (24,212)
Reconciliation
offunds
Total funds brought
forward
71,603 7,424,547 11,188 7,507,338 7,531,550
Total funds carried forward 69„057 7,422,790 16,874 7,508,721 7,507,338

Basis ofAccounting
The accounts are prepared
under the historical cost convention
and in accordance
with Financial
Reporting
Standard
102, the Charities Act 2011and
the requirements
ofAccounting
and Reporting
by Charities: Statement of Recommended
practice applicable
to chadities
preparing
their accounts
in
accordance
with the Financial
Reporting
Standard
applicable
in the UK and the Republic of Ireland (FRS 102).The accounts are presented
in sterling
rounded
to the nearest pound.
Teddington
Baptist Church
is a charitable
incorporated
organisation and carries out most of its activities at its premises at Church Road, Teddington,
TW11 SPF. It is a public benefit entity.
Charity Reconstruction
On 1stOct 2022 the unincorporated
charity converted
to a charitable
incorporated
organisation,
but its name, purpose and beneficiary class remained
unchanged.
The transfer of business
has been accounted
for
as a group
reconstruction
using merger
accounting.
The assets and liabilities of the
unincorporated
charity
have
therefore
been
shown
in these accounts
at their book value. The comparative
figures
included
in the statement of
financial
activities relate to the unincorporated
charity.
See note 24 for a breakdown
ofthe
2022 figures between the two charities.
Going Concern
At the time ofapproving
the financial statements,
the
trustees have a reasonable
expectation
that the church
has adequate
resources
to
continue
in operational
existence for the foreseeable
future.
There
are no material
uncertainties
affecting the church's ability to continue in its
operations.
Thus the trustees
continue
to adopt the going concern
basis ofaccounting
in preparing
the financial
statements.
Donations
Donations are accounted
for gross when received.
Refund ofIncome Tax
Refund of Income Tax from donations
received
under
Gift Aid is included
in the accounts for the
year in which the donation
is received.
Legacies
Legacies are accounted
for when their receipt is probable
and can
be properly
quantified.
Investment
Income
Investment
income is included
in the accounts
in the
year in which it is receivable.
Grants Payable
The Church makes grants to other organisations
whose charitable objects complement
its
work. It also makes grants to various individuals
involved
in Christian
ministry.
Governance
Costs
This represents
direct expenditure
on the governance
of the church and consists of independent assessment and other professional services for
the current year. Most ofthe management
is carried out without
charge by volunteers.
This
intangible
cost is not included
in the
Statement of
Financial
Activities since there is no measurable
cost
to the volunteers
for their service.
Tangible Fixed Assets
Freehold
land and buildings
are included
at deemed cost which
was the value used at the date of transition
to FRS102.Freehold
land is not
depreciated.
Other fixed assets are included
at cost.
Depreciation
Depreciation
has not been charged
on the Church or
the residential premises
owned
by the Church, because
in the opinion ofthe Trustees, the
residual
value ofeach asset is greater than the carrying
value. Depreciation
on other fixed
assets is calculated to write off the cost on a 'straight-
line' basis over the expected
useful
life, with a full year's depreciation
charged
in the year ofpurchase
at rate
of25% per annum.
Fund Accounting
Restricted,
unrestricted
designated
and unrestricted
general
funds
are separately
disclosed
in the accounts. Restdicted funds are subject to
specific restrictions
imposed
by the donor or by the nature ofthe appeal, Designated
funds
are set aside at the direction ofthe trustees for
specific purposes. They would otherwise
form part of
unrestricted funds. Specific designated
funds representing
fixed assets appear in the
accounts and these are not readily available
for other
purposes.
Expenditure
Expenditure
is included
on an accruals basis, but grants are charged
in the accounts when
paid to the recipient.
Reserves Policy
A Special Reserve fund is in place to make provision for unforeseen future circumstances. The reserve is based on 6 months of Ministedial costs
and 3 months ofother expenditure.
Pension Costs
The church pays contributions
to the Baptist Pension
Scheme. The scheme is a multi-employer scheme and it is not possible to identify the assets
and liabilities ofthe scheme which are attributable
to
the church. The scheme is therefore accounted
for as a defined
contribution scheme.
Cash at bank and in hand
Cash at bank and in hand includes cash and short term highly
liquid investments
with a short maturity
ofthree
months or less from the date of
opening ofthe deposit.
Creditors and provisions
Creditors and provisions are recognised
where the charity has a present obligation
arising
from a past event that will probably
result
in the transfer of
funds to a third party and the amount due to settle the obligation can be measured
or estimated
reliably. Creditors and provisions are recognised at
their settlement
amount.
Financial instruments
The charity only has financial assets and liabilities of a kind that qualify as basic financial
instruments.
Basic financial
instruments
are initially
recognised
at transaction
value and subsequently
measured
at
their settlement
value.

nalysis ofincome nalysis ofincome and exp and exp enditure
2 Donations
and
legacies
Unrestricted Designated Restricted Total Total
f
Bankers Orders 87,318 87,318 80,320
Cash &Cheques 15,509 15,509 23,582
Refund of Income Tax 21,320 21,320 24,642
Minister's Pastoral Fund Income 1,500 1,500
Housing Fund Income 6 6
Furniture & Equipment Fund Income 2,600 2,600 6,000
Total 124,147 4,106 128,253 134,544
3 Income from charitable activities
Unrestricted Designated Restricted Total Total
f
Youth Groups 670 670 285
Events 2,084 2,084 343
Open Door &Busy Bees 2,775 2,775 1,351
Unstoppable
Families
10 10 16
Who Let the Dads Out 466 466 84
Men's Ministry 130 130 84
Printing 8 Photocopy 230 230 199
Total 6,365 6,365 2,362
4 Other trading activities
Unrestricted Designated Restricted Total Total
6 R 6
Hire of Church Premises 51,933 51,933 31,145
Rent 5Walpole Crescent 4,800 4,800
Total 56,733 56,733 31,145
5 Investments
Unrestricted Designated Restricted Total Total
Interest Bank Accounts 1,563 1,563 176
Total 1,563 1,563 176
6 Other income
Unrestricted Designated Restricted Total Total
f r.
Coronavirus
Job
Retention Scheme 3,357
Total 3,357

7 Expend iture
on
charitable activities -Preaching,
Tea
ching, Music &Worship
Unrestricted Designated Restricted Total
2022
Total
2021
r f.
Minister's Salary 32,175 32,175 31,850
Minister's Employer NIC 1,625 1,625 921
Minister's Pension 3,866 3,866 3,813
Minister's Travel 8 Expenses
Associate Minister's Salary 16,500 16,500 24,500
Associate Minister's ER NIC 549 549 583
Associate Minister's Pension 2,082 2,082 3,078
Associate Minister's T&E 95 95 55
Visual Aids 91
Conference
&Assembly Fees
359 359
Fees &Expenses to Speakers 263 263
Music, Worship
&Copyright
786 786 643
Audio Visual &Sound 32 32 334
Discipleship 20 20 31
Training 10 10 100
Total 58,362 58,362 65,999
8 Expenditure
on charitable
activities -Youth Ministry
Unrestricted Designated Restricted Total
2022
Total
2021
6 f
Youth Groups 1,210 1,210 652
Total 1,210 1,210 652
Unrestricted Designated Restricted Total
2022
Total
2021
Events 1,991 1,991 1,040
Families
& Children
175 175 864
Unstoppable Families 972 972 270
Open Door 581 581 267
Busy Bees 421 421 277
Who Let the Dads Out 1,279 1,279 248
Men's
Ministry
182 182
Mission
&Outreach
Fund 2,000 2,000
Total 5,601 2,000 7,601 2,966

10 Expenditure on charitable
activities
- Fellowship
Unrestricted Designated Restricted Total Total
2021
E E E
Catering 1,427 1,427 230
Pastoral 263 263 266
Total 1,690 1,690 496
11 Expenditure on charitable activities - Mission (Institutions)
Unrestricted Designated Restricted Total Total
2021
E E E E E
BMSWorld Mission 9,309 9,309 7,417
Home Mission 9,309 9,309 7,417
Total 18,618 18,618 14,834
Unrestricted Designated Restricted Total
2022
Total
2021
E E
Cleaner's
Salary
8,148 8,148 8,065
Cleaner's
Pension
815 815 807
Administrator's Salary 7,137
Administrator's Employer NIC 212
Administrator's Pension 714
Council Tax 4,820 4,820 5,612
Housekeeping &Safety 620 620 417
Insurance 7,173 7,173 7,047
Building Repairs 6,873
Contracts 8 Servicing 5,529 5,529 4,817
Premises 30,425 30,425 12,875
Rubbish
& Recycling
131 131 131
Electricity 4,821 4,821 3,632
Gas 5,713 5,713 6,591
Telephone
&
Broadband 3,974 3,974 3,800
Water 1,198 1,198 1,015
Depreciation 6,636 6,636 6,551
Furniture
& Equipment
Fund 815 815 314
Total 80,003 815 80,818 76,610

Notes to the fin fin ancial ancial ancial ancial stateme stateme nts
for the
nts
for the
year ended year ended 31 Dece mber 2022
13 Expenditure on charitable activities - Management 8 Administration
Unrestricted Designated Restricted Total
2022
Total
2021
E
Accounting
& Payroll
722 722 992
Bank Charges 294 294 359
Computing
&Software
1,162 1,162 893
Printing
and Photocopy
1,264 1,264 1,335
Postage 36 36 78
Publicity 538 538 212
Stationery 642 642 327
Subscriptions 1,258 1,258 1,029
Total 5,916 5,916 5,225
14 Governance
Unrestricted Designated Restricted Total Total
E
Independent
Examination
Fee 2,600 2,600 2,220
Legal Fees to set up CIO 3,380 3,380 1,638
Total 5,980 5,980 3,858
15 Other expenditure
Unrestricted Designated Restricted Total Total
F E
Premises
-Special
Projects Fund 142
Baptist Pension Provision (18,776) (18,776) (665)
Legacy Expenditure 175 175
Total (18,601) (18,601) (523)
16 Employee Costs
2022 2021
E E
Wages and Salaries 56,823 71,552
Employer's
National
Insurance Contribution 2,174 1,716
Pension
Contribution
6,831 8,479
Other costs (rent, council tax, water, phone, broadband) 6,135 6,990
Totals 71,963 88,737
Average
number of
persons employed by the charity 3 3
There were no employees who received employee benefits ofmore than f60,000.
The key management personnel received employee benefits off56,797(2021:f64,745) during the year.

18 Tangible Fixed Asse ts
Freehold Fixtures,
Land and Fittings 8 Total
Buildings Equipment
E R R
Cost or Deemed Cost
At beginning
ofyear
7,337,733 160,307 7,498,040
Additions 2,939 2,939
Disposals
At end ofyear 7,337,733 163,246 7,500,979
Depreciation
At beginning
ofyear
154,200 154,200
Released on disposal
Depreciation 6,635 6,635
At end ofyear 160,835 160,835
Net Book Value
At beginning
ofyear
7,337,733 6,107 7,343,840
At end ofyear 7,337,733 2,411 7,340,144
19 Debtors
2022 2021
R
Hire ofPremises 1,983 1,937
Gift Aid Repayment 4,687 3,834
Gas VAT overpayment 743
Prepayments 5,926 3,070
Totals 12,596 9,584
20 Cash at bank and in hand
2022 2021
E
Barclays Current Account 10,387 62,779
CAF Cash Account 50,063
CAF Gold Account 20,027
Baptist Union Corporation Account 9,409 9,265
Barclays Housing Fund Account 5,811
Petty Cash Account 57 479
London Baptist Property Board 105,277 103,900
Totals 195,220 182,234
21 Creditors: Amounts falling due in one year
2022 2021
E
Accruals 5,294 5,277
Deferred Income 2,625 160
Totals 7,919 5,437

Previous year 2021 Previous year 2021 Opening Income Expenditure Transfers Closing
E E E
General fund 71,603 165,500 163,453 (4,593) 69,057
Total Unrestricted 71,603 165,500 163,453 (4,593) 69,057
Buildings 7,337,733 7,337,733
Legacy 9,030 9,030
Mission and Outreach Fund 7,527 7,527
Special Reserve Fund 65,000 65,000
Building Repairs 6,873 6,873
Pension Reserve (26,758) (665) 4,593 (21,500)
Additional
Workers
Fund 25,000 25,000
Special Projects Fund 142 142
Total Designated 7,424,547 6,350 4,593 7,422,790
Family and Youth Work Fund 881 881
Furniture
& Equipment
Fund 2,746 6,000 314 8,432
Housing - Housing Fund 5,811 5,811
Minister's
Pastoral
Fund 1,750 1,750
Total Restricted 11,188 6,000 314 16,874
Grand Total 7,507,338 171,500 170,117 7,508,721
23 Commitments under operating leases
The total future
minimum
payments under non-cancellable operating
leases are as follows:
2022 2021
Within
1 year
573 763
2-5 years 573
573 1,336
Operating
lease payments
recognised as an expense this year were F763 (2021:2763).
24 Charity Merger
The principal
components
ofthe SOFA split between the two chadities are shown below:
TBC TBC Combined
(Unincorporated)
01.01.22-
C.I.O.
01.10.22-
Total
01.01.22-
30.09.22 31.12.22 31.12.22
Total Income 135,831 57,083 192,914
Total Expenditure 121,490 40,104 161,594
Net Income/(expenditure) and
Net movement
in
funds 14,341 16,979 31,320
Net assets as at 30September 2022
TBC TBC Combined
(Unincorporated) C.I.O. Total
Net assets 7,523,062 7,523,062
Represented
by:
Unrestricted
funds
7,504,592 7,504,592
Restricted funds 18,470 18,470
Total funds 7,523,062 7,523,062