REGISTERED COMPANY NUMBER: CEI)28670 (England 8nd Wa]es) Financi h Ba li￿ Church Hodfields Chartered Certified Accountants Cornrnerce How¢ 658B Chatsworth Road Chesterfie]d tkrby5hire S40 3JZ Contents of the Fina￿la1 Ststements they Rqmyt of the TnJstee5 Independen( Ex8rnineVs RetX)rt Sts*ment of Financial Activities Balance Shed No￿9 to the Financial Statments 5 to 7 Ikniled Sthtrment of Financial Aaivities Crich B& st Church Re rt of the Trustees for the YearEnded 31 Decemtyr 2023 The tr￿leeS who ore also directors of the charity for the PUTposes of the Companie5 Aci 2(Kb. present their w with the fllwicial statemen(s of the charity for the year endeA131 rtcembeT 2023. The tNstees have adopted the provisions of A¢couniing a￿1 Rewrting by Chartties.. Stsiemeth of RecOM￿l￿]ed P￿till applicable to charities preparing their a￿OUnts in accordance with the Final￿la] Reporting Standard applKable in the UK a￿1 Republic of ItElaTKI IFRS 102) (effeeiive l January 2019). INCORPORATION The charitsble company was incorpy)rat¢d oJ] 23 March 2022 and clMnM￿ trading on 3 April 2￿23. Governing dwunent The charty is Controll￿ by its governing documenL a deed of tnJSL and cortsiitutes a lin)ited company, limited by guax2nte4 as defined by the Companies knt 2(Kkn. REFERENCE AND ADMINISTRATIVE DETAIts Registered Company number CE028670 {Eng]a￿l and Wales) Reglslered Ch*ity Dumber 1198345 ReBLstsrnl offlce MaTkel Place CTi¢h Matlock Derbyshi DB4 SDS CCHat ASHint C c]￿ke A Streei C Farnkr Hadfields Chortered Certified Accounlanrs Commm House 658B Chatsworth Ri>ad ChesterfKld Ikrbyshire S40 3JZ AForoved by order of the Ix)ard of trustees on 26 April 2024 aTMI signed on its beh￿f by". C Clarke - TDJstre Page I eni iwsRe t the Tru5tett of Crich Ba isi Church Inde￿ndent t￿Miner'S report to the Én￿ of CTich B•ptist c1M￿Ch I'thp Company) I re￿￿ ￿ the ch￿IlY trustees my examinaiion of the ￿thunts ofthe Company for the year elld￿ 31 2023. Responsibilities ond basis of As the charity's ttiisi£es of th¢ Company (and also lis direetors for the puryx)ses of company law} you are resp)nsible for the preparation of the accounts in accordance wtih the requirements of the Companies Act 2(KJ61'the Act.). Having Satisfied myself the accounts of the Company are not required to be audited under Part 16 of th¢ A¢t and eligible for in&￿￿Jent examination. I rerrf)rt in respect of my examination of y¢)ur charity's accounts as out u￿1t￿ Section 145 of the Charities Aet 2011 {'the 2011 Act'}. In caryl￿g out my examination I have followed the Dilutions given by the Charity Commission under Section 145{51 (b) of the 2011 Act. lulependent examiner's statement Since your charity's grvs5 income exceeded £250.(KKJ yovr examiner must be a mernter of a listed t%xly. l ¢4n confm that l atn quatifffted ￿ U]￿ke the eXaMinat￿n F*¢ause l am a MeMt￿ of the AssLKiation of Charter&J Certified Accountants, which is one of the listed FK)dies. J have completed my examinaiion. I confJrn] that ty) matteTS have Come to my attention in ¢onneaK)n wtth the eAaminaiion giving me cause to believe.. accounting re¢ords wtte nlrt kept in rest￿1 of thecompany as ￿qUI￿d by Sectlon 386 of the Ao: or the accounts do noi aceord with those records; or accounls do not comply with ihe accounting requirernents of Section 396 of the 21kn Aei other than any requirneni that the accoLUJts give a true and fair view whi¢h is not a matter Considered as pan of an independalt exarninaiion: or Ihe accounts have not treen prepared in accordance with the meth(Kls and principles of the Sta*ment of Recommended Practice for accounting aThl rq)ming by chaTities (applicable to chartttes preparing thexr accounts in accordance with the F￿￿]￿la1 Reponing Sthndard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns atKI have come across no otlw mattets in connection with the examination ￿ which attention should ix drawn in this rerth ftn order lo enable a pri)per under5th￿Ing of the aC￿UnIs (o te reached. Mrs C Farnyr The Association of Chartered Certified Accountants Hadfields Chartered QnifieA1 A¢(x)untants Commerce House 658B ChaL%worth Road Chesierfield DerbythiTe S40 3JZ 26 April 2024 Page 2 si ctiviiie5 un￿￿1¢*￿ Restricted fund fi] Total fund5 Noles INCOME AND ENDOWMENTS FROM IhnatioAS and legxtes 541.455 Investm¢ni income 14WO 21A12 Total 045 253,676 8119,721 EXPENDITURE ON Raising funds 54,738 4J39 59,077 oth 5,750 5,750 Totsl 4J39 64027 IYET INCOME 495557 249J37 744094 TOTAL FUNDS CARRIED FORWARD 495W7 249J37 744094 The nots form partof thesc fina￿la] 5tateme]]ts Page 3 rich Ba 1st Churth Sh UnTestri¢ted Restricted fuThl nd Totsl fuTr1s No*s Tangible assets 425,0 4X(KKI C&sh at bank 71,138 249J37 320,475 CREDITORS Amounts failing due within ork y 1581) 1581) NET CURRENT ASSETS 70557 2A9J37 319W4 TOTAL ASSETS IESS CURRENT LIABILTfIES 4955 249J37 NET ASSETS 495597 9J37 744,894 Unrestricted funds Restric￿5 funds 495J57 249J37 744894 The charifable company is entitled io exemption from audir Und￿ Section 479A of the Compatiies Act 2(K6 relatiMg to subsidiary chaTitable companies for the yeat ¢Nted 31 December 2￿23. The memirrs have not requiTed the company io obtain an audit of its fina]￿la1 5taiements for the year endeJ] 31 lknber 2023 in accordan￿ with Section 476 of the Companies Act 21K￿. The trustres acknowledge their Eesponsibilitie5 for (&) ensuring thèt the char&table cornpany keeps accounting records that comply with Seiaions 386 and 387 of the Cornpanies Aci 2(Kkn and preparing financial statements which give a true and fair view of the stale of affaiTS of the charitsble company at the eTKI of eath finattial year and of lis sllrplus or deficit for each flljancial year in xcordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2{￿ relating to finatKial sts*ments, so fat &s applicable to the charitable compny. (b) Th￿e rtnancial 51olements have Iw prepar&E tn xcordance with the provisiojks applicabk t() clwitsble cOMp￿leS to the sm￿] companies regirne. The f￿￿lat S￿lements weTc approved by the Board of Twstees and authorised for issue on 26 April 2024 and wer¢ STgr%d on its tehalf by". A S Flini. Thistee The notes fonn part of these fiT)a￿la1 ststements Page 4 rich Ba Istst f the Y Ended ACCOUNfING POLICIKS Basis of PTepfithB the finan£i*l statenmlts The financial statements of the charitable company, whith is a public Etnefit entity under FRS 102. have I￿n prepared in accordance with the Charities SORP (FRS 102) 'Accounting #nd Rew>rting by ChaTities.' Statement of Recommended Practice applicable io charities preparing ther accounts ID ac£ordance with the Financial Rwning StAndard appltcable in the iJK and Republic of ljrland IFRS 1021 {effective l January 2Q19)', Financial R¢porting Stajyjard 102 Tr Finartcial Reporting S¢andard applirable in the UK and Republic of Ireland, and the Companie5 ALI 2￿. The financial statements have Iren prepared u]Mler the historical cost cot]vention. Income All incotrK frs rewgnised in the Statemeni of Financi￿ Activities once the charity has entiilement to the funds. it is pmbable that the income will k recetved and the amoum can ￿ m￿u￿1 reliably. Expendithre Liabilities are recogni&ed as eX￿lItUre as soon as thtre is a legal or cons(Tuctive obligation committing the djarity to that eXpendt￿[e, li is wobable that a transfer of eCO￿￿]C beneftts will be required in setdement and the amount of the obligation can be measured reliably. EX￿idIt￿re is account￿ for on an acmls basis and has been classified under headings that agwgate a]1 cosi relateij ￿ the category. Where costs cannoi te dittrtly attribuced to wicular headings they have Iw) allo¢ated to &¢tiviiies on a basis ct>nsis*nt with the use of Tangible fjxed a&qets Ikpreciation is provided at the following annual ra￿s in order to WTite off each a85et ovet its estima￿ useful life. Frehold prom not provided Taxatlon The charity is exempt from co￿￿ratIOn tax on its charithble activities. Fund accounting Unrestrictyl fujjds can Ix used in a¢wrdance with the ¢haritable objectives at the discretion of the trusiees. Re$trKied fuTKls can only be use41 for particular restric*d purposes within the objects of the charity. Restrictions arise when s￿l[led by the donor OT when funds are raised for particular restricted puryM)ses. Fwther explanation of the nature and pU￿oSe of eath fund is included in the notes i(} the fina￿1¥1 statements. INV￿MENr ￿COmE Rents receiwi rkwsit ¥¢ount int¢rest 14,405 21,412 Ee5 continued... Cri¢h Ba li t Church Notes to RAISING FUNDS Investment maN8eTnen¢ cwts I¥oFeny maintenance- Church Property maintenance. Garden Prom maintenance- Shop 11646 15021 TRUSTEES. REMUNERATION AND BENEF]TS There were no trllstrts, Temuner4tion or othu trthefits for the Ye￿ eJxle)J 31 t*cemE*r 2￿23. Thae were ￿ trustees, exr*nses paid foT the year ended 31 rkcern￿ 2023. TANGIBLE FIXED ASSETS Frtthold COST Al l January 2023 and 31 December 21f23 425,(KK NET BOOK VALUE At 31 DeCeM￿r 2023 425,(MX> CREDITORS: AM0￿s FALLING DUE WITHIN ONE YEAR Accrued expenses 581 m0vEh￿￿r IN FiINDS Net mov¢ment in funds Ai 31112123 General fund 495￿57 49S557 Restricted funds Restrictfd Trust Fund 249J37 249J37 TOTAL FUNDS 744094 continu￿... ich Ba st Church otes to the Flljancial Statonents. co forthey 31 Net moverneni in fi]txls. included tn the aErf)ve are as follows: I￿ornIng resources Resourcos expended Movemeni in funds General fut)d S&045 IOW8> 495557 Restricted funds Restricted Fund 253,676 14J39) 249J37 TOTAL Fuf4DS ,721 164027) 744,894 RELATED PARTY DISCLOSiJRES There were w related pthy transactions for the yeAT e￿kd 31 Decembtr2023. DONATIONS Included in current ye4r donations are the reserves transf¢￿ed from the Crich Baptis1 Church, Unl￿OrpOrate charity iotalling £749,642. 7he restricted fU￿]S i￿luded in the reserves are £246.854. Page 7 hurd) Donations and Iweies Offerings 26,194 Gift aid InvestmeD¢ incoAlle Rents Teceived Dysit a¢¢ouni inknt 14A05 7,W7 21,412 Tolal incoming ]WOUTces ,721 Raising donatio￿ and kgacies Mrnis s￿ndaY scknol I seekeTS Home l overseas rni5sion Outreach 31862 310 oi 43256 Investment n￿nagement costs Propety Tnaintenance- Church l¥operty mainienwe- Garden Property Maintena￿e. Shop 12,646 2m9 15121 Supptsrt LY)sts Management Subs / media I misc {ASF) Su]Klri¢s Govenwice eosts l*gal and professK)nal fee$ Independent examiners fees 3,177 3,758 Total ￿sourCeS exFtThled Net Ineome 744894 This page docs noi forni pan of the statuw fina￿131 statements Page 8 MINISTRY AT CRICH BAPTIST CHURCH 2023 Becoming a CIO Crich Baptist Church CIO came in to existence on March 22 2022 but was a 'shell' without assets, income or expenditure throughout the reporting period of the 2022 Annual Report. This situation changed on April 3 2023 when the assets of the Unincorporated Charity were transferred to the CIO and. accordingly the income and expenditure began to be attributed to the CIO. This action had followed the passing ofthe necessary Resolutions at a Speaal Church Meeting on February 17th 2023. agreeing to the transfer of the assets and authorising the Church Trustees to effett these Resolutions. Up until April 3 2023, the assets. such as land and property, had been held in trust by the East Midlands Baptist Trust Corporation IEMBTCI. The Church Buildin8. and adjoining leased church-owned properties, were duly transferred from the trustee oversight of the EMBTC to the new Crich Baptist Church CIO and its Trustees in early April. Besides properties. the liabilities of the sole employee of the Churth. Pastor Chris Hand. {such as salary, ststutory employer pension contributions and Nltrax liabilities} were transferred to the CIO as well as the contents of the Church Building and the bank accounts of the old Unincorporated Charity. The trustees of the CIO were grateful to the officers of the EMBTC for their help in expediting these transfers. At the time of transFer, steps were taken to have the CIO registered with HMRC and for the new title to the land and property to be registered with the Land Registry. The registration with the Land Registy, in the name of Crich Baptist Church CIO, was completed on August 22" 2023. The Trustees had agreed that the original trust documents should be held by the soliutors atting on behalf of the Church, Anthony Collins. In addition, a bank account. held in trust by the EMBTC. representing the proceeds of the sale of land and property by the Church, were also transferred to the new CIO. this transfer taking place on September 1$1 2023. These monies were banked with the Kingdom Bank following a decision of Church Trustees on August 4 2023 to open this new account. Furthermore. at a Special Church Meeting on December 8th 2023 a Resolution was passed to dissolve the 'Unlncorporated Church, and to apply to have registered, with the Charity Commission, the incorporatfon on the Register of Mergers. Structure of CIO Throughout the period of this Annual Report, there were four trustees. meeting bi-monthly. although meeting more frequentlyas needed. Meeting5 of the Church Membership were held quarterly where information was shared, reports were given and necessary authori5ation for Resolutions was granted. An Annual General Meeting, for the approving of the Church Accounts, wa5 incorporated in the March Church Meeting. Other Special Church Meetings, as detsiled above, were also held. Activities. Although much of the effort of Trustees wa5 necessarily absorbed in the process of bringing the CIO into operation, the work of Crich Baptist Church, in pursuit of its charitable objects, continued apace throughout 2023. The Church continued to hold two Sunday Services for the preaching of the gospel and the teaching of the Word of God. The size of the congregation grew slightly during this perlod, although the actual membership stood at only 16. Children of Primary School age have continued to be taught Bible lessons each Thursdav evening, during school terms, at 'Seekers Club,. There was also a small Sunday School that took place most Sunday mornings through the year. The Church has maintsined its website with links to sermons preached at the Church. The Church was able to maintsin Chris Hand as Pastor of the Church on a full-time basis th throughout 2023. The Church Membership, however, was informed by letter on May 19 , and the widerchurch Family, onJune 2nd thatthere were change5 3head asthe Pastor was looking to Step down from the pastorate, certainly within three years of people receiving the letter. Church Offi'cers were able to make progress in Identifying a successor through the summer and the autumn. Officers were confident of being able to find a replacement in a timelv manner in the years ahead. The Church was also able to support missionaries and ministries in other countries, such as The Philippines, Romania, Ukraine and India.