HIGH BARNET BAPTIST CHURCH
UNAUDITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2021
CONTENTS
Page
| 1-5 | Report of the Trustees |
|---|---|
| 6 | Report of the Independent Examiner |
| 7 | Statement of Financial Activities |
| 8 | Statement of Financial Position |
| 9-16 |
Notes to the Financial statements |
CHARITY REGISTRATION No. 208653
HIGH BARNET BAPTIST CHURCH
REPORT OF THE TRUSTEES OF HIGH BARNET BAPTIST CHURCH
REFERENCE AND ADMINISTRATIVE DETAILS
The Church was founded in 1892 and is a registered charity with the Charity Commission. The charity number is 208653. Under a new Trust Deed made on the 20 July 1999 the London Baptist Property Board Limited was appointed the Custodian Trustee and the Elders the Managing Trustees.
The following persons were directors of The London Baptist Property Board Limited, the Custodian Trustee, during the year ended 31 December 2021:
Rev P E Barnard S C Salamanca-Espin Rev L G Johnson O O Obidipe A J A Pike D K Reader Rev P A Winchester M Sisimayi (appointed 10 March 2020)
The following persons were Managing Trustees of the Charity during the year ended 31 December 2021:
R Brewerton (resigned 3[rd] April 2022) A Dawkins R Leak D Webster
The principal address of the Charity is: 197 High Street, Barnet, Hertfordshire EN5 5SU.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The charity is governed by a Trust Deed dated 20 July 1999.
The Managing Trustees are the Elders of the Church. They meet regularly to direct the affairs of the Church. The members of the Church meet at least twice a year to consider the work of the Church and to approve amongst other things the annual accounts and budget, material changes to Church properties and appointment or dismissal of the Minister and Trustees.
The Trustees can only be appointed by a Special Church Meeting. Two thirds of the eligible members present at the meeting need to approve such appointments.
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HIGH BARNET BAPTIST CHURCH
REPORT OF THE TRUSTEES OF HIGH BARNET BAPTIST CHURCH
OBJECTIVES AND ACTIVITIES
The aim of the Charity is to encourage Christians in their faith, to provide opportunities for nonChristians to understand the Christian faith and to demonstrate God’s love by helping those in need.
Activities that help to deliver this strategy include Sunday Church services, prayer meetings, house groups, youth clubs, Sunday schools, a breakfast club, groups for mothers and toddlers and older people, and social events.
The Trustees confirm that they have given due consideration to the Charity Commission’s published guidance on the operation of public benefit.
VOLUNTEERS
Volunteers are key to the charity. They organise Church activities, run clubs and meetings, visit people in need in their homes, and provide administrative and financial support. It is not possible to quantify this support as much is done behind the scenes. At a minimum the support is equivalent to 80 hours per week.
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HIGH BARNET BAPTIST CHURCH
REPORT OF THE TRUSTEES OF HIGH BARNET BAPTIST CHURCH
ACHIEVEMENTS AND PERFORMANCE
The Church does not engage in fund raising activities.
Achievements against the objectives of the Church are summarised below:
| Objective | Achieved? | Comment | ||
|---|---|---|---|---|
| Church services, prayer meetings held throughout theyear |
Yes | |||
| Bible study group to be held throughout theyear |
Yes | |||
| Youth clubs held throughout the year | Yes | Except during lockdowns | ||
| Mother and Toddler group held throughout theyear |
Yes | Except during lockdowns | ||
| Older persons breakfast club held throughout theyear |
No | |||
| Language support club to assist people with English as their second language launched |
Partly | Held when required | ||
| Community Engagement | Yes | Social Media used to contact community |
||
| People baptised | No | |||
| New members | Yes | 1 new member | ||
| Improve buildings | Yes | Buildingstandards maintained | ||
| Help those in need | Yes | Support for Tear Fund. Church members actively helping those locallyin need |
||
| Support dissemination / promulgation of the Christian faith |
Yes | Active programme locally and support for those in UK and abroad. |
||
| Appointment of Pastor | Yes | Inpost |
FINANCIAL REVIEW
At the end of the accounting year, the Charity is holding £261,698 (2020: £274,391) of free reserves. This is the equivalent of approximately 31 months (2020: 33 months) of average expenditure. The Charity intends to have a significant level of annual commitments in the form of ministerial costs, and it is felt prudent to maintain a level of reserves, which will enable the Charity to continue to meet these commitments.
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HIGH BARNET BAPTIST CHURCH
REPORT OF THE TRUSTEES OF HIGH BARNET BAPTIST CHURCH
RESERVES
The Church’s reserves policy is, as far as practical, to save for future building works rather than to borrow. In addition, as the Church is independent and receives no guaranteed support from any outside organisation, it seeks to have sufficient reserves within its general and designated funds to facilitate up to two years of future expenditure on day to day activities and specific building projects. The Church currently has in excess of two years of future expenditure in free reserves.
Funding is received from voluntary gifts. These have been used to support the aims of the charity, including improving and maintaining the Church building which hosts many of the Charity’s activities and providing accommodation for full time ministerial staff.
PLANS FOR FUTURE PERIODS
The Church will continue to seek to a) provide opportunities for people to meet with others to worship God, learn about the Christian faith and find support; b) help those in need and c) support the promulgation, dissemination and instruction of the Christian faith. To further assist the achievement of these aims a number of initiatives are planned for 2022 aimed at attracting new visitors and providing opportunities to clearly explain the Christian faith. The Church continues to run the majority of events online.
RISK ANALYSIS
The Trustees are continually monitoring their original assessment of the major risks to which the Church is exposed, in particular those related to the operations and finances of the Church.
The Trustees maintain the position that they are satisfied there are systems and controls in place within the Charity to mitigate the risks to which they are exposed.
GOING CONCERN
The Church has continued to receive voluntary income from members during the coronavirus pandemic and given the level of reserves, the trustees are confident that the Church can continue as a going concern for a period of at least twelve months from the date of signing of these accounts. Consistent with prior years, the Charity is reliant upon the support of voluntary donations to enable it to continue operating. The Trustees believe that support will continue for further periods into the future and have thus adopted the going concern basis for preparing the financial statements.
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HIGH BARNET BAPTIST CHURCH
REPORT OF THE TRUSTEES OF HIGH BARNET BAPTIST CHURCH
TRUSTEES’ RESPONSIBILITIES STATEMENT
The Trustees’ are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and regulations.
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable regulations). Under that law the Trustees must not approve the financial statements unless they are satisfied that they 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 judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records which are sufficient to show and explain the Charity’s transactions and 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 Charities (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Robert Leak
Robert Leak (Jun 25, 2022 16:45 GMT+1)
Registered Address:
197 High Street Barnet Hertfordshire EN5 5SU
25/06/2022
ROBERT LEAK Treasurer of the Charity Dated:
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HIGH BARNET BAPTIST CHURCH
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF HIGH BARNET BAPTIST CHURCH
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF HIGH BARNET BAPTIST CHURCH
I report to the trustees on my examination of the accounts of High Barnet Baptist Church for the year ended 31 December 2021, which comprise the Statement of Financial Activities, the Statement of Financial Position and the notes to the accounts, including a summary of significant accounting policies.
Respective responsibilities of trustees and examiner and basic of report
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the 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 examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do 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.
Julie Mutton (Jun 27, 2022 08:33 GMT+1) Julie Mutton
Name: Julie Mutton
Fellow of The Institute of Chartered Accountants in England & Wales
Address: Smith & Williamson LLP Date: 27/06/2022 Onslow House Onslow Street Guildford GU1 4TL
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HIGH BARNET BAPTIST CHURCH
STATEMENT OF FINANCIAL ACTIVITIES Year Ended 31 December 2021
Note INCOME Donations and Legacies Voluntary income Donated services Legacies Investment income TOTAL INCOME EXPENDITURE Charitable activities Operations of the charity 4 TOTAL EXPENDITURE Net Income/ (Expenditure) Transfer between funds Net movement in funds Accumulated funds brought forward Accumulated funds carried forward |
£ Unrestricted Funds 92,661 3,400 750 1,356 98,167 104,228 104,228 (6,061) - (6,061) 467,166 461,105 |
2021 £ Restricted Funds 150 - - 21 171 35 35 136 - 136 7,399 7,535 |
£ Total Funds 92,811 3,400 750 1,377 98,338 104,263 104,263 (5,925) - (5,925) 474,565 468,640 |
2020 £ Total Funds 93,088 3,300 - 3,158 |
|---|---|---|---|---|
| 99,546 97,098 |
||||
| 97,098 | ||||
| 2,448 - |
||||
| 2,448 472,117 |
||||
| 474,565 |
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HIGH BARNET BAPTIST CHURCH
STATEMENT OF FINANCIAL POSITION As at 31 December 2021
Note Fixed assets Tangible fixed assets Current assets 8 Debtors 9 Cash at bank and in hand Creditors:amounts falling due within one year 10 Net current assets Total assets less current liabilities Creditors:amounts falling due after more than one year – grant commitment Net assets General fund 11 Other funds 11 Designated Restricted Total funds |
2021 £ £ 20,475 699 451,686 452,385 (3,220) 449,165 469,640 (1,000) 468,640 261,698 199,407 7,535 206,942 468,640 |
2021 £ £ 20,475 699 451,686 452,385 (3,220) 449,165 469,640 (1,000) 468,640 261,698 199,407 7,535 206,942 468,640 |
2021 £ £ 20,475 699 451,686 452,385 (3,220) 449,165 469,640 (1,000) 468,640 261,698 199,407 7,535 206,942 468,640 |
2020 £ 660 448,705 192,775 7,399 |
2020 £ 660 448,705 192,775 7,399 |
2020 £ 660 448,705 192,775 7,399 |
£ 27,300 449,365 (2,100) 447,265 |
|---|---|---|---|---|---|---|---|
| 199,407 7,535 |
192,775 7,399 |
||||||
| 469,640 (1,000) |
474,565 - 474,565 274,391 200,174 |
||||||
| 468,640 261,698 206,942 |
|||||||
| 468,640 | 474,565 |
Robert Leak Robert Leak (Jun 25, 2022 16:45 GMT+1)
……………………………………….
R. LEAK (TREASURER)
Approved by the Trustees on: 25/06/2022
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HIGH BARNET BAPTIST CHURCH
NOTES TO THE ACCOUNTS Year Ended 31 December 2021
1. Status
High Barnet Baptist Church (“the charity”) is a registered charity with the Charity Commission governed by a Trust Deed dated 20 July 1999. The charity number is 208653. Its principal address is 197 High Street, Barnet, Hertfordshire EN5 5SU.
2. Accounting policies
The principal accounting policies are summarised below.
Basis of preparation
The accounts have been prepared in accordance with The Financial Reporting Standard applicable in the UK and Republic of Ireland (“FRS 102”) including Section 1A, and with the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with FRS 102 (effective 1 January 2019). The financial statements are also prepared in accordance with the Charities Act 2011.
The charity is a public benefit entity as defined by FRS 102.
The financial statements have been prepared under the historical cost convention.
Exemption
The Charity has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by the FRS 102.
- the requirements of Section 7 Statement of Cash Flows.
Going concern
Consistent with prior years, the Charity is reliant upon the support of voluntary donations to enable it to continue operating. The Trustees believe that support will continue for further periods into the future and have thus adopted the going concern basis for preparing the financial statements.
Income
All income is recognised when the charity has entitlement to the income, when its receipt is probable and when it can be measured with reasonable certainty.
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HIGH BARNET BAPTIST CHURCH
NOTES TO THE ACCOUNTS Year Ended 31 December 2021
2. Accounting policies (continued)
Donated services
Donated services are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured.
On receipt, donated services are valued by the Trustee at the amount the charity would have been willing to pay for the services or facilities on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
In accordance with the Charities SORP, the general volunteer time is not recognised. The trustees’ annual report provides further information about their contribution.
Expenditure
Expenditure is accounted for in the period in which it is incurred. Expenditure includes any VAT which cannot be fully recovered which is reported as part of the expenditure to which it relates.
Expenditure relating directly to a particular activity is allocated to that activity. Indirect costs are classified as support costs. As the Charity has only one charitable activity, the support costs are allocated solely to that activity.
Operating leases
Rentals under operating leases are charged to the charitable expenditure on a straight line basis over the lease term.
Tangible Fixed Assets
Tangible fixed assets comprise plant and machinery. Tangible fixed assets with a cost over £3,000 are capitalised. The assets are initially recognised at cost and are depreciated at a rate which corresponds to their estimated useful economic life, as follows:
Plant and machinery – 5 years, straight line basis.
3. Key judgements and estimation uncertainty
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgements that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.
Judgements
There are no significant judgements made in the preparation of these financial statements.
Estimation uncertainties
There are no significant sources of estimation uncertainty.
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HIGH BARNET BAPTIST CHURCH
NOTES TO THE ACCOUNTS Year Ended 31 December 2021
4. Analysis of expenditure on charitable activities
| Year ended 31 December 2021 Ministerial Evangelism Fellowship Sunday School and youth work Accommodation (note 5) Donations (note 6) Support costs (note 7) Busy Bees Year ended 31 December 2020 Ministerial Evangelism Fellowship Sunday School and youth work Accommodation (note 5) Donations (note 6) Support costs (note 7) |
Church activities Church buildings Donations 2021 Total £ £ £ £ 49,381 - - 49,381 932 - - 932 4,536 - - 4,536 916 - - 916 - 24, 096 - 24, 096 - - 15,577 15,577 8,790 - - 8,790 35 - - 35 |
|---|---|
| 64,590 24, 096 15,577 104,263 |
|
| Church activities Church buildings Donations 2020 Total £ £ £ £ 49,645 - - 49,645 1,048 - - 1,048 3,128 - - 3,128 2,722 - - 2,722 - 24,193 - 24,193 - - 6,348 6,348 10,014 - - 10,014 |
|
| 66,557 24,193 6,348 97,098 |
5. Analysis of accommodation expenditure
| Church repairs and maintenance Church heating repairs Church roof repairs Church gardening Church non slip mats Church electric heaters Manse heating repairs / maintenance /refurbishment Computer / laptop /PA system Covid-19 equipment Depreciation of tangible fixed assets Heat and light Rates Insurance Cleaning |
2021 £ 723 460 - 450 - 900 1,254 1,073 10 6,825 2,712 3,400 3,613 2,676 24,096 |
2020 £ 748 700 153 - 1,344 - 564 681 444 6,825 2,674 3,267 3,350 3,443 |
|---|---|---|
| 24,193 |
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HIGH BARNET BAPTIST CHURCH
NOTES TO THE ACCOUNTS Year Ended 31 December 2021
6. Analysis of donation expenditure
| Overseas Barnabas Fund The Word for the World Frontiers David and Marlene Fry Rita Gartside Gilgal Mission Hellenic Ministries LIV South Africa Living Hope (Zimbabwe) Missionary Aviation Fellowship Release International TEAR Fund Home London City Mission John Martin Paul Whybrow .Analysis of support costs Printing, website, postage and stationery Telephone Music Accountancy Subscriptions Governance costs: Independent examination |
2021 £ 700 400 - 1,130 714 11,153 - - - 400 300 300 300 100 80 15,577 2021 £ 1,462 943 708 3,400 57 2,220 8,790 |
2020 £ - - 680 1,130 747 965 300 1,226 200 300 - 500 50 100 150 |
|
|---|---|---|---|
| 6,348 | |||
| 2020 £ 1,088 889 2,512 3,300 125 2,100 10,014 |
|||
7. Analysis of support costs
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HIGH BARNET BAPTIST CHURCH
NOTES TO THE ACCOUNTS Year Ended 31 December 2021
| 8. Tangible fixed assets Plant & Machinery Cost At 1 January 2021 Additions At 31stDecember 2021 Accumulated Depreciation At 1 January 2021 Change for the year At 31stDecember 2021 Net book value At 31 December 2021 9.Current assets Prepayments |
2021 £ 34,125 - |
2020 £ - 34,125 |
|
|---|---|---|---|
| 34,125 | 34,125 | ||
| (6,825) (6,825) |
- (6,825) |
||
| (13,650) | (6,825) | ||
| 20,475 | 27,300 | ||
| 2021 £ 699 699 |
2020 £ 660 |
||
| 660 |
10. Creditors: amounts falling due within one year
| Independent examination fee accrual Grant commitment |
2021 £ 2,220 1,000 3,220 |
2020 £ 2,100 - |
|---|---|---|
| 2,100 |
In addition to the £1,000 grant commitment noted above, there is also £1,000 due after more than one year.
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HIGH BARNET BAPTIST CHURCH
NOTES TO THE ACCOUNTS Year Ended 31 December 2021
11. Funds
| unds | ||
|---|---|---|
| General funds including M Thorp Legacy Designated Building Fund (BF) Additional Workers Fund (AW) Stipend Fund (SF) Restricted Busy Bees (BB) Fellowship Fund (FF) Mrs. Gibbins Legacy (GL) Additional Workers Fund (AW) |
2021 £ 261,698 47,712 124,294 27,401 199,407 644 800 4,120 1,971 7, 535 468,640 |
2020 £ 274,391 41,584 123,881 27,310 |
| 192,775 529 800 4,106 1,964 |
||
| 7,399 | ||
| 474,565 |
Designated Funds are set aside by the Trustees as part of the financial planning of the Church to provide for likely future expenditure on staff (SF), buildings (BF) and the cost of additional workers not covered by annual income (AW). Designation can be changed at any time.
Restricted Funds have been given to the Church to be used for specific purposes.
BB is to be used for the Busy Bees mother and toddler group. FF is to be used to help individuals with financial needs. GL is to be used to help Church members who wish to enter full time Christian work. AW is to cover the costs of additional workers not covered by annual income.
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HIGH BARNET BAPTIST CHURCH
NOTES TO THE ACCOUNTS Year Ended 31 December 2021
12. Analysis of net assets between funds
| General Funds General Fund M Thorp Legacy Total General Funds Designated Funds Additional Workers Fund Stipend Fund Building Fund Total Designated Funds Restricted Funds Busy Bees Fellowship Fund Mrs. Gibbins Legacy Additional Workers Fund Total Restricted Funds Total Funds |
Tangible fixed assets Cash at bank and in hand Other net assets £ £ £ 20,475 141,946 (3,521) - 102,798 - - 124,294 - - 27,401 - - 47,712 - - 644 - - 800 - - 4,120 - - 1,971 - |
Net Assets £ 160,900 102,798 263,698 124,294 27,401 47,712 199,407 644 800 4,120 1,971 7,535 |
|---|---|---|
| 20,475 451,686 (3,521) |
468,640 |
13. Beneficial interest in property
The Charity has beneficial interests in the following properties:
The Manse, 10 Queens Road, Barnet, Hertfordshire. High Barnet Baptist Church, 197 High Street, Barnet, Hertfordshire.
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HIGH BARNET BAPTIST CHURCH
NOTES TO THE ACCOUNTS Year Ended 31 December 2021
14. Trustees’ remuneration and expenses
One Trustee (A Dawkins) received a £1,000 contribution towards the cost of a Master of Divinity course. A further two annual payments of £1,000 are expected to be made, subject to satisfactory progress, and are included in creditors. The Charity Commission was informed before the payment was made and confirmed Charity Commission approval was not required. No other Trustees received any remuneration or reimbursement of expenses in the year (2020: £Nil) in connection with their services as a Trustee.
15. Related party transactions
Other than the transaction with a trustee disclosed in note 14 above, no related party transactions have been entered into during the year (2020: none).
16. Analysis of staff costs
As at 31 December 2021, the Church employed one full time member of staff (2020: one), and three part time staff (1 cleaner, 1 administrator /cleaner, 1 secretary) (2020: four). No employee received remuneration in excess of £60,000. Three employees received less than £10,000 per annum.
| Wages and salaries Social security Total |
2021 £ 50,145 2,591 52,736 |
2020 £ 50,702 2,634 |
|---|---|---|
| 53,336 |
17. Operating lease commitments
At 31 December 2021 the charity had no operating lease commitments (2020: £nil).
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HIGH BARNET BAPTIST CHURCH
ANALYSIS OF INCOME & EXPENDITURE ACCOUNT Year Ended 31 December 2021
Unrestricted Funds
| Incoming resources from generated funds: Voluntary income Donated services Legacies Investment income Total incoming resources Resources expended: Charitable Activities Operations of the charity Net income/(expenditure) Transfers between funds Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Designated Funds Total 2021 £ General Fund (GF) £ M Thorp (GF) Legacy £ Building Fund £ Stipend Fund £ Additional Workers Fund £ 92,811 91,671 - 990 - - 3,400 3,400 - - - - 750 750 - - - - 1,377 372 342 138 91 413 |
Designated Funds | |
|---|---|---|---|
| Restricted Funds | |||
| 98,338 96,193 342 1,128 91 413 |
- 14 150 7 99,546 |
||
| 104,263 104,228 - - - |
- - 35 - 97,098 |
||
| 104,263 104,228 - - - - |
- - 35 - 97,098 |
||
| (5,925) (8,035) 342 1,128 91 413 - (5,000) - 5,000 - - |
- 14 115 7 2,448 - - - - - |
||
| (5,925) (13,035) 342 6,128 91 413 |
- 14 115 7 2,448 |
||
| 474,565 171,935 102,456 41,584 27,310 123,881 |
800 4,106 529 1,964 472,117 |
||
| 468,640 158,900 102,798 47,712 27,401 124,294 |
800 4,120 644 1,971 474,565 |
All operations are classed as continuing. There are no recognised gains or losses other than those passing through the Statement of Financial Activities.
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