HIGH BARNET BAPTIST CHURCH
UNAUDITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
CONTENTS
Page
| 1-5 | Report of the Trustees |
|---|---|
| 6 | Report of the Independent Examiner |
| 7 | Statement of Financial Activities |
| 8 | Statement of Financial Position |
| 9-17 |
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 2023:
Rev P E Barnard S C Salamanca-Espin O O Obidipe A J A Pike D K Reader Rev P A Winchester M Sisimayi Rev J J Kane (appointed 12 September 2023) Rev C J Nicholls (appointed 12 September 2023)
The following persons were Managing Trustees of the Charity during the year ended 31 December 2023:
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 50 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 | |||
| Prayer / Bible study group to be held throughout theyear |
Yes | |||
| Youth clubs held throughout the year | No | Not currently operating | ||
| Mother and Toddler group held throughout theyear |
No | Not currently operating | ||
| Womens midweek meeting held throughout theyear |
Yes | |||
| Language support club to assist people with English as their second language launched |
Partly | Held when required | ||
| CommunityEngagement | Yes | |||
| People baptised | No | |||
| New members | Yes | 2 new members | ||
| Improve buildings | Yes | Manse significantlyimproved | ||
| 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 | New Pastor tojoin 2024 |
FINANCIAL REVIEW
At the end of the accounting year, the Charity is holding £250,937 (2022: £240,256) of free reserves. This is the equivalent of approximately 29 months (2022: 38 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.
No ministerial costs were incurred in 2023. A new Pastor will join in 2024. The Manse was renovated in the earlier part of the year ahead of it being rented in June 2023. It is anticipated the tenancy will end by June 2024 to allow the new Pastor to occupy the property.
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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 the new Pastor is planning a number of initiatives in 2024 aimed at attracting new visitors and providing opportunities to clearly explain the Christian faith.
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
Although the Church’s voluntary income from members has reduced since 2021, 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
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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.
Registered Address:
197 High Street Barnet Hertfordshire EN5 5SU
Robert Leak
Robert Leak (Mar 25, 2024 17:50 GMT)
ROBERT LEAK Treasurer of the Charity Dated: 25/03/2024
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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 2023, 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:
-
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 (Mar 25, 2024 17:55 GMT)Julie Mutton
Name: Julie Mutton
Fellow of The Institute of Chartered Accountants in England & Wales 25/03/2024 Address: Evelyn Partners LLP Date: Onslow House Onslow Street Guildford GU1 4TL
Fellow of The Institute of Chartered Accountants in England & Wales
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HIGH BARNET BAPTIST CHURCH
STATEMENT OF FINANCIAL ACTIVITIES Year Ended 31 December 2023
Note INCOME Donations and Legacies Voluntary income Donated services Rental Income Investment income TOTAL INCOME EXPENDITURE Charitable activities Operations of the charity 4 TOTAL EXPENDITURE Net Expenditure Transfer between funds Net movement in funds Accumulated funds brought forward Accumulated funds carried forward |
£ Unrestricted Funds 44,739 3,800 17,700 3,510 69,749 104,520 104,520 (34,771) - (34,771) 440,121 405,350 |
2023 £ Restricted Funds - - - 43 43 350 350 (307) - (307) 6,204 5,897 |
£ Total Funds 44,739 3,800 17,700 3,553 69,792 104,870 104,870 (35,078) - (35,078) 446,325 411,247 |
2022 £ Total Funds 50,630 3,600 - 1,695 |
|---|---|---|---|---|
| 55,925 78,240 |
||||
| 78,240 | ||||
| (22,315) - |
||||
| (22,315) 468,640 |
||||
| 446,325 |
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HIGH BARNET BAPTIST CHURCH
STATEMENT OF FINANCIAL POSITION As at 31 December 2023
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 Net assets General fund 11 Other funds 11 Designated Restricted Total funds |
2023 £ £ 6,825 6,535 400,564 407,099 (2,677) 404,422 411,247 250,937 154,413 5,897 160,310 411,247 |
2023 £ £ 6,825 6,535 400,564 407,099 (2,677) 404,422 411,247 250,937 154,413 5,897 160,310 411,247 |
2023 £ £ 6,825 6,535 400,564 407,099 (2,677) 404,422 411,247 250,937 154,413 5,897 160,310 411,247 |
2022 £ £ 13,650 717 434,508 435,225 (2,550) 432,675 446,325 240,256 199,865 6,204 206,069 446,325 |
2022 £ £ 13,650 717 434,508 435,225 (2,550) 432,675 446,325 240,256 199,865 6,204 206,069 446,325 |
2022 £ £ 13,650 717 434,508 435,225 (2,550) 432,675 446,325 240,256 199,865 6,204 206,069 446,325 |
|---|---|---|---|---|---|---|
| 154,413 5,897 |
199,865 6,204 |
|||||
| 411,247 | 446,325 240,256 206,069 |
|||||
| 250,937 160,310 |
||||||
| 411,247 | 446,325 |
Robert Leak
Robert Leak (Mar 25, 2024 17:50 GMT)
……………………………………….
R. LEAK (TREASURER)
Approved by the Trustees on: 25/03/2024
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HIGH BARNET BAPTIST CHURCH
NOTES TO THE ACCOUNTS Year Ended 31 December 2023
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 2023
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.
The charity recognises termination payments in the period in which the termination or redundancy is made and there is a legal or constructive obligation to make the payment.
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 2023
4. Analysis of expenditure on charitable activities
| Year ended 31 December 2023 Fellowship Sunday School and youth work Accommodation (note 5) Donations (note 6) Support costs (note 7) Busy Bees Year ended 31 December 2022 Ministerial Evangelism Fellowship Sunday School and youth work Accommodation (note 5) Donations (note 6) Support costs (note 7) Busy Bees |
Church activities Church buildings Donations 2023 Total £ £ £ £ 868 - - 868 197 - - 197 - 90,700 - 90,700 - - 3,752 3,752 9,203 - - 9,203 150 - - 150 |
|---|---|
| 10,418 90,700 3,752 104,870 |
|
| Church activities Church buildings Donations 2022 Total £ £ £ £ 38,943 - - 38,943 53 - - 53 (735) - - (735) 79 - - 79 - 23,928 - 23,928 - - 6,995 6,995 8,959 - - 8,959 18 - - 18 |
|
| 47,317 23,928 6,995 78,240 |
Negative Fellowship expenses of £735 above are stated after the reversal of a grant commitment of £2,000 in the year ended 31 December 2022.
5. Analysis of accommodation expenditure
| Church repairs and maintenance Church heating repairs / water boiler Church roof repairs Manse heating repairs / maintenance /refurbishment Manse replacement gates, shed, carpet and internal fittings and fixtures Manse garden Manse heat and light Manse agents letting fees Depreciation of tangible fixed assets Church heat and light Rates Insurance Cleaning |
2023 £ 512 1,824 - 53,033 10,291 3,790 1,491 1,152 6,825 3,346 1,600 4,071 2,765 90,700 |
2022 £ 404 903 1,778 1,331 - - - - 6,825 2,332 3,504 3,619 3,232 |
|---|---|---|
| 23,928 |
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HIGH BARNET BAPTIST CHURCH
NOTES TO THE ACCOUNTS Year Ended 31 December 2023
6. Analysis of donation expenditure
| Overseas Barnabas Fund The Word for the World David and Marlene Fry Gilgal Mission Missionary Aviation Fellowship Release International TEAR Fund Home FIEC London City Mission John Martin Paul Whybrow .Analysis of support costs Printing, website, postage and stationery Telephone Music Accountancy Subscriptions Governance costs: Independent examination |
2023 £ - - 1,130 - - - 1,094 1,128 400 - - 3,752 2023 £ 857 1,292 487 3,800 90 2,677 9,203 |
2022 £ 300 400 1,130 2,715 400 300 800 - 800 100 50 |
|
|---|---|---|---|
| 6,995 | |||
| 2022 £ 1,173 1,092 454 3,600 90 2,550 8,959 |
|||
7. Analysis of support costs
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HIGH BARNET BAPTIST CHURCH
NOTES TO THE ACCOUNTS Year Ended 31 December 2023
| 8. Tangible fixed assets Plant & Machinery Cost At 1 January Additions At 31 December Accumulated Depreciation At 1 January Charge for the year At 31 December Net book value At 31 December 9.Current assets 10. Creditors: amounts falling due within one year Gift aid recoverable Prepayments Independent examination fee accrual |
2023 £ 34,125 - 34,125 (20,475) (6,825) (27,300) 6,825 2023 £ 6,535 - 6,535 2023 £ 2,677 |
2022 £ 34,125 - |
|||
|---|---|---|---|---|---|
| 34,125 | |||||
| (13,650) (6,825) |
|||||
| (20,475) | |||||
| 13,650 | |||||
| 2022 £ - 717 |
|||||
| 717 | |||||
| 2022 £ 2,550 |
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HIGH BARNET BAPTIST CHURCH
NOTES TO THE ACCOUNTS Year Ended 31 December 2023
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) |
2023 £ 250,937 1,272 125,340 27,801 154,413 1,116 600 4,181 - 5,897 411,247 |
2022 £ 240,256 48,279 124,067 27,519 |
| 199,865 1,266 800 4,138 - |
||
| 6,204 | ||
| 446,325 |
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 2023
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 current assets/(liabilities) £ £ £ 6,825 135,954 3,858 - 104,300 - - 125,340 - - 27,801 - - 1,272 - - 1,116 - - 600 - - 4,181 - - - - |
Net Assets £ 146,637 104,300 250,937 125,340 27,801 1,272 154,413 1,116 600 4,181 - 5,897 |
|---|---|---|
| 6,825 400,564 3,858 |
411,247 |
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 2023
14. Trustees’ remuneration and expenses
No Trustees received any remuneration or reimbursement of expenses in the year (2022: Nil) in connection with their services as a Trustee.
15. Related party transactions
The charity received donations and donated services, given without any conditions, from related parties totalling £9,160 (2022: £7,919).
16. Analysis of staff costs
The average number of persons employed by the Church during the year was 1 (2022: 2). No employee received remuneration in excess of £60,000.
| Wages and salaries Social security Total |
2023 £ 2,760 - 2,760 |
2022 £ 28,602 2,164 |
|---|---|---|
| 30,766 |
17. Operating lease commitments
At 31 December 2023 the charity had no operating lease commitments (2022: £nil).
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HIGH BARNET BAPTIST CHURCH
ANALYSIS OF INCOME & EXPENDITURE ACCOUNT Year Ended 31 December 2023
Unrestricted Funds
| Incoming resources from generated funds: Voluntary income Donated services Rental Income 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 2023 £ General Fund (GF) £ M Thorp (GF) Legacy £ Building Fund £ Stipend Fund £ Additional Workers Fund £ 44,739 44,689 - 50 - - 3,800 3,800 - - - - 17,700 17,700 - - - - 3,553 895 1,060 - 282 1,273 |
Designated Funds | |
|---|---|---|---|
| Restricted Funds | |||
| 69,792 67,084 1,060 50 282 1,273 |
- 43 - - 55,925 |
||
| 104,870 104,720 - - - - |
- - 150 - 78.240 |
||
| 104,870 104,720 - - - - |
- - 150 - 78.240 |
||
| (35,078) (37,636) 1,060 50 282 1,273 - 47,257 - (47,057) - - |
- 43 (150) - (22,315) (200) - - - - |
||
| (35,078) 9,621 1,060 (47,007) 282 1,273 |
(200) 43 (150) - (22,315) |
||
| 446,325 137,016 103.240 48,279 27,519 124,067 |
800 4,138 1,266 - 468,640 |
||
| 411,247 146,637 104,300 1,272 27,801 125,340 |
600 4,181 1,116 - 446,325 |
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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