Southcourt Baptist Church Southcourt Baptist Church Trust Report and Financial Statements Year ended: 31 March 2024 Registered Charity No: 287821 hureh Life +2
Southcourt Baptist Churth Contents Page Report of the Truste8S 3to10 Independent Examiners Report 11 Statement of Financial ktivities 12 Balance Sheet 13 Notes Fomiino Part of th8 Financi81 Ststèmènts 14to22
Southcourt Baptist Church ort of the Trnstees for the Yoar Ended 31 March 2024 The trustses present their report with the financial sL7tements of the thartty for the year ended 31 March 2024. The trustees have adopted the proWsn$ of Accounting and Rewrt¢ng by Charities: Statement of Recommended PractKe applicable to charities preparing their accounts in acrdanCe wilh the Financial Reporting Standard applicatle in the UK and Republlc of Ireland (FRS 102) (effective 1 January 2015). REFERENCE AND ADMINISTRATIVE DETAILS R•glstered Charlty Number 287821 Prfnclpal addre 40 Penn Road Aylesbury. BunghaMShI[e HP218HW Trusleos Rev D Graham M Rogers C Blunden M Burridge (Lead Pastor) (Finance Vlon Lead6rl ICLTI - Stepped down on November 16th 2023 ICLT) Custodlan trust The Baptisl Union Corporation Limited Baptist Hou88 PO Box 44 129 Broadwdy Didcot Oxlordshire, OX118RT Bank•r• HSBC. 8 Market Square. A8$bury HP20 1TW Lloyds, Old Bank, 1 Market Square, Aylesbury HP20 1TD NationwMJe Buikjing SOW. Kings Path Road. Moubn Park. Northampton, NN3 6NW Sollcltors Carter Lemon Camerons. 10 Adersg8ts Stree( London. EC1A 4HJ Indap•nd•nt ExamI1r A J Bennewth FCA, FCPA. FFA FA. FIPA DCh& FRSA Upper Ground Fkr. 18 Farnham Road, Guildford. Sufw, GU14X4
Southcourt Baptist thurch rt of the Tru f the Year Ended 31 March 2024 Structure. governance and management The charity is controlled by tis goveming chJcumenL a deed of trnst dated 1 August 1983. and is an unincorpordted charrty. The custodran trustee. the Bapts'st Union. delegates totsl autonomy in the goveming and running of the church to the trustees. voting on imp)rtant decisions tsknng place at church parthers. meetings. The Central Leadership Team {CLT) is appointed by a meetirvJ ofth& church partnets and knJetheT. In a¢GordanGe wrth the church's constitun, are ctrM)8en to assist the Lead Pastor in the spiritual and operydtional leadership of the thurth. The CLT usually becom& trustees uw)n aptx)intment and are in office for three years. Tnjstees must be existing church partners iih speciali8t dership skill¥ ¢en demonstrated In rola8 outside the church e.g. roles vthin the business sector. When recruiting new trustees. the existing trustees must all agree uwn the choke. The churth management comrK18es the Cèntral Leadership Team and the truste88. Crntly, onty one of the trustees is in a paid role. the Lead Pastor. There are also a number of unpaid volunteers, some of whom are tnJstees. who Cover all the different aS[ts ofthe operations as administration, safeguarding. health and safety and IT. A sep8rate fina8 team18 responsible for man•3ing and budgeting the church's fin8n¢lal affairs with our Finance ViSn Leader. Mark Roger5 having overall oversvJht of the finances. Th6 annual budget and any major changes to finance pollcy are approv by the CLTtrruste Regular meetings are hekl wrth all staff and the CLThrustees and ¢over operational as w11 as longer temi planning relating to the vision and foTrvard strategy of the church. David Graham contlnues to b& the Lead Pastor of thè thurch. James Henson our Ass(late Pastor. Graham Ckryrke our Communlty Pastor. Llz Zealey is our Operatlons Manager and Charlotte Baklwn is our Pre-school Leador. Lou Clarke 1$ slill the Bridge the Gap Leader. which b fulty fvnded from grant monies to run our very busy food bank. Rl•k Manag•m•nt A rlsk reglster 1$ operatlonal and Is on the agenda at each CLT meetlng whore appropriate. ObJ•¢tlvg5 and alm• The charl8 obj.t, 8S Stated In Fts deed of 1$ to further the Christian gospel. Publ1¢ b•n•fft When planning the charivs activlties for the year. the trustees have consldered the Charity Commission's guidance on public benefft and, in pacUlar. the specific guidance on charttiés for the advancement of religion. Some of the publ benefft serv$ that we offer as a thurch. open tr) all, include Sunday worship services. thiktren's V•rJrk linduding [h¢)01 education). youth work, parentjcarer and toddler gfOUPS, small soual groups.. a food bank, debt management and a community dropin th to serye the food bank guests. The Sunday seNKe is also streamed onto Youtube. Assoclatlons The Church is a member of the Baptist Union of Great Britain to which it pays an annual subscriptK)n. The Church also contributes to BMS World MissK)n. The church does not reL*ive any financial support from any organisations that it is a¥Sl9ted with.
Southcourt Baptist Church Achlevements and rforManCe WLYship 8nd sCipleship The church has one maNI servM that tskes pla every Sunday at 10.30am thich is al streamed online. We also meet together in small groups (Lrfegroups) on a regular basis. This is a very important part of our communrty aThJ we currenty have 5 groups in operation. This is in addrtion to a Men G8thering group. a women's group (Yada) and a Women@SBC group. The vision for each LrFegroup Is to grow a communty of people investing in each otherfs lives with a mmon passion to seek God. grow together and reach OLrt to others. In the past year, V•E have seen 6 baptisms and 1 dedication of a young hikl. We Current have 60 partners WIKJ are asked to recommit every November at our AGM. This approach ensures that our partners are ¢urrent. active and invested in the lrfe of the thurch. Seni& Our seniors are an integral part of the church and are free to attend any one of our numerous events th tske place here. In addln. V•E have one particular group that sr¢raficalty aims at our oldor folk. Toa Break is a monthty aftemoon event for people smthin the church. bcal rnMunty and beyond. W8 particularly welcome those are lonety or i801gted for ateVer reason. Tea Break gN&s an opportunty for people to meet together Yth tea Of coffee and home-made cakes aplenty. The gu88ts ¢an play boar(I games, cach up with eath other or relax with a rnagane. For IsaW onthusiasts there18 always 8 puzzle wartlng to be completed. Téa Break is an infomial, social oa$n which Is enjoyed by all. We are so Ihankfvl to have suth a pleasant venu6 and a very helpfvl team. Thank you to those who help set UP and clear the room. to those %tho help In the kitthen and to 811 help serye and chat to our guests. Not forgetung a thar& yr•u to those K) Fffovth the c•k8s1 Chlldren s Wk Our children's work at SBC 1$ continuirvJ to move for444rd in th8 drfficult that find oursefves In. We a still continuing to search for a new Children's vffjrk ader to help with vision and leadership for th18 crftlcal of our lrfe as a church. Our volunteers are incredible and the hard work and dedic•llon that they bring to tho groups doesn't go unnottced. This last year saw a of our long serving volunteers call time up on their serving in the children's work for a well deseNed break. Here's a few Ihings that have been golng on this last year. As11 stands at the )rnent our weekty SurKlay groups are operating every other week, we are hopeful that these wll continue to be a place for children to grow and develop in their charaGter. and love for God. Our monthly Messy Church has grown and developed over the last year and It ha8 te¢ome a great Opportun for us to worship together crawety as a whole interganerational famity. E8ch week our parents and Icmjdler dub. The Ark, is ntInuIng to thrive and18 very well received by those who come along. Bath in the summer we held a new event for chIldn called the 'SBC Klds Day of Fun.. This included a 'Nerf wa follod by a movie nighL We wanl to ty and includè rn0 bh3 events in the c21endar for the Children to te able to enjoy bring friends along to in the comiThJ year. Th• Treehouse Prmchool has not been wlthout its trials and trtbuW)n8 over the past year since Charlotte Baldwin took over the WeIP rofe in April 2023. They have all worked realty hard to ensure the setbng is moved foTrYard including creating lots of ne•¥ ways to work in partnershlp th parents, ¥Adrwiv1> iFiduding QUT fEadlng loumals, stay an(J plays and parents evenings As a resuft of Ihis the setting is now at full capaiity. with a waiting list for Awil and confirmed Spa for September 2024. To acc•Jmmodate our 30 hourfunded chiklren Started breakfast dubs from 8.30am. This has been extremety successfvl" the number of children has increased even more in the moming with our fflinimum number of children beiThJ 10. Buckinghamshire Council, and Sharon from the Eaty yearfs advice team
Southcourt Baptist Church have realty helped the team grow In confidence, with regavds to Otsted readiness {receiving a GOOD in Feb 2024}. PIP group meetings and tips and guthn to help SUPkK)rt some of our ideas and cuttures around our curTiculum. k we continue to have a number of children wrth SEND and speech and langLFage delays, the SEND advv team have been availab to help supwrt the team smth regards to paperwork and funding. Due to receNing extra funding we have set up a SEN Sensory Shed to support the children on their personal joumeys. and ensure they have a place to help with their targeted interventions and sensory expk)ration. During the Easter holidays of 2023. we started a new arrangement erebY the Holiday Actwttses and Food Programme IHAFI use our setting to do arts and Grafts &% well as soft sports for young children. We are grateful for this pathership whth ¢s in Ilne with the ethos of our setting as 11 as bringing in valuable inme. Wrth our numbers growing we have had to employ new members of staff. who have fftted into their new role5 tremendously. We have lols of hope for the future and we will keep moving forward vth new ideas, and ways to potentially expand the buain¢¥8 to a¢¢ommodate future Ghildcar¢ ¢hangtsts. Young People Thls year has seèn so much exciting grovth in the INes of the youth at SBC. We are so thrflled to b& able to share how the youth work has changed over the last year and is thrivin91 This year we have seen our new Youth Worker finish his first year in the FQSftion, and it Is safe to say that he has made the role his own and honed the drfferent areas of the youth ministry to enable It to continue to flourish. We%fe been abl8 to provide regUr groups in all areas and Sustain a comprehensNe youth programme for all ages and levels of fallh. We were ab18 to take the youth group to another summer camp yearl. In August 2023 V•E YAl to Satéllites and had a blast (see picture beh)wl. These camps 8r8 sure to once again become an annual event and hlghllght of the year for the young peop. Over the saw the young pooplg really step into their elemnt and thrivè in their reL4tr)nshlps wlth one another and with God. We even saw three of our gfOUP make a public commitmenuor re-commitment of their faith! The Spikeball c¥)mlitI0ns and Skateboarding were 81so a bonusl ;) Youth Hub ntinUeS to be a huge sucLs51 It a space that carries on grthmng and attracting many young peopb who otherwse wouldn't set foot in a thurch building. It has been beautiful to witness relationships gradually build and see the young Feopk be leSed to be themsefves and fe61 safe and relaxed in this space. We've even started to see some young people finding out about and engaging Yh our other (more faith f(used) youth groups through Youth Hubl
Southcourt Baptist Chur¢h Explore has seen a few changes this year. We've restructured it to include young people in school years 7-11, which all¢)wed Expbre and Open House more time to cohere. We also ran a Youth Apha at Explore in Autumn which was exciting and saw a few members of Youth Hub feed into the group. We've had some realty engaging discussions alxsut some realty tough topics of life and faith, and we are eager to see how the group devebps over time. Open House has corrtlnued to be a place of exciting discussK)ns atul God. the Bible. arKI faf(h. There has been regular opportunfy for the young Peop to tske ffre of a lead in this by taking on the facilitation of Bible studies arKI discussh)ns. We were able to put on a training session to enable them to all thrive and lead these discussions wih (fideTr. 8unday Youth has parlarty thrtved year In *mis ot the group size. Whatever this is down to. th8 ' young people thoroughty enjoy these groups! Wilh some adjustrnents to the room and contènt of Sunday YoLrth. there is now plenty of time for the youth to %)cial¢se and get a second breakfastl Yet there 1$ still loads of Space to go deep into a topic through a short talk and group discussion tlme. Thls year also saw the first of our Recreate seThi¢es! Thi5 is a new Sunday evening service that runs sever81 tlme$ a year, and we have now done three of them vthich re all well attended and engaging evenlngs. The young people have realty stepped up in the planning processes and even put thamsefves forward for some of the major leadirKJ fO8- one of our year 11$ drd an outstsnding talk at th8 most recent Recreate! Addlon811y. we have Inltlated a Young Leader programme has glven some of the young people the opwrtunty lo deepen their faith and stsp into adive role$ where they are able to most positively Impact the youth wo. H¢)wever, there Is certainty room to make this a more devesoped programme that releases the youn9 people to flourKsh even more! Finally. V are looking fornvard to some excttsng ryospects in the plpellne for our youth. We a hoping to start up Some intentional mentorfrKJ relationships between some of our key youth workers and the young people. Thls less official fonn ol mentoriThJ will enable the okjer youth to Tefve vital spiritual input and form stronger relatk)nshys with good adult ro modal$. There is so much to be grateful for at the eThJ of thS818St year and 80 to b8 excited atout for 2024125 for SBC Youth, watch thi8 srA¢al Neuhbourhood From May 2023. Brldg• th• Gap Food Bank ha8 rem8lned trHJ$y due to tslng costs & the economlc crisis. The food bank now only opens on a Friday bLrt our hours have extended so we are able to support our clients. We launched a Week Wednesday dp IBTG Dropln} in January 2024, Nthere our clierrts can access help frorn our team & pathers. It is also a safe place. providing words of encouragement for those who are facing challenges and In particular need. As the year progressed we Lxjntinued to be busy, numbers for the food bank increased and we are seeing new dients on a weekly basis. We have received generous fvnding that has been gratefulty reoived. Donations were r1Ved from The Rothschild Foundation. Bucks Council, Thomas Hickman, Heart of Bucks. Willkgm Harding . AeSbury Rotary Club, Travis Perkins & NevJhbourty. The generosity of our benefactors has enabled us to provide essential food such as freezer items, fru( vegetables. bread, eggs and washing 1cts in addition to our nomial food parcels. At Christmas, partnered wrth Chirtem Toybank and distributed toys, books and grfts to our families. Our Communty free Cafe l event (BTG ExtY81 nchv opens 4 times a year on a Saturday offering a free lunch and adivrties. Between 60- 80 people are rrentty attending this event and we are pleased to be able to offer this service.
Southcourt Baptist Church The Money Management Centr8 has conllnued to operate four momings a week and over 200 people have been helped over the course of the year. In addrbon to tked appointrnents we now open on a Wednesday lunth time a Drop In as part of our Bridge the Gap inibatwe and attend regularty to see anyone who %wants support. A highlight ofthe year as our Centre Manager. Michael Hulcoop, rNIng an award from Buckinghamshire Councrfs 'Proud of Bucks Awards.. being high commended as a Local Communty Champion. He commented that'it vms humbling to be honoured in this wa. The work ontinues to t very varied and many peo are finding the cost of ITn9 drfuII to negotiate. Muth of the time is taken in supporting dients in their appli(tions to the Counctfs DiSetiOnary Housing Payments scheme to help with housing costs. as well as Helping Hands to help cover client's utilty bills. Educating clients to maintsin and INe by proper budgets continues to be a challenge. These aspects of our work, along with benefrts and tribunal Yrk. have now become a more signifKant part of the service we offer. The church leadership have reccKJnised that rnptylng the various requirements of the Financial Conduct Authority IFCAI to be authorised specfficalty in "Debt Counselling. is becoming more onerous for us as 8 small charrty. We have therefore stsrted to refer cllents in debl to Step Change la not for profiL free to clni Serv). assistsng them as appropriats to engag& with thls service. We will now begin the forrnalities of ending our FCA registration. We are also changing the name from Monoy Management C•ntre to Southcourt Baptist Church Communlty Flnancial Support Strce. This will more acujrately describe the SeiCe. The Thomas Hickman Charity agaln generously funded the work whh this year albwed us to use a professK)nal h)cal firm to shred our records of mor& than four Yea old. They also continued to grant money for white goods and carpets for needy clients. We continue to be very grateful to the Trustees for their support. One highlvJht of the year was being able to stsve off a Bailrff seekiThJ to remove goods from a Clnt in desperate circumstsnces. In less than 24 hours. followng an urgent applKabon to Helping Hands, the Lrtilty d8bt W8$ repaid in full. B•rtha'8 cth, which ran for a few years providing a safe cmMUnIty Space and excellent coff08 and cake$. unfortunatety needed to close In tho year bLrt k)ok for4vard to what may happen in the comlng year8. Meeting every Mond8y momlng durlng schryJl term time. our Engll•h C¢)Dv•rsatlon Group, ha8. ovor the last Six ygars or so provided friendship, refreshment and convers8Uon for well ovgr a hundred of our nelghbours of a varlety of ethnic and fatth backgrounds whilst assisting them to improve their spoken English and their integration into the communty. We are grateful to the partnors from SBC vtho, each week. ¥upport this important communty outreach. We also thank those of Bertha's Café bthich provlded refreshments for a while. One of the most rewardlng oute4)mes continues to be the development of genulnety Nfdmi frlendshipy and rglat¥)nships tth ben our guests and bwth our supporters. We Continue to hope and pray that our guests will Tecognise something of the love of God, through u$ in this mlnisty and for opportuntties to Share thai bjve with thom bthatever thelrfatth ba¢kground. In earfy 2023. 8outhcourt Boxlng Club rn launched in partnershlp wlth our hxal PCSOS, professlonal boxing coaches and other friends In the nei9hbourhood. Within the fwst year we grew to over 100 students that have registered who are l¢)okiryJ to improve their frtne5s and help their ment81 heatth. The airn is to provide a boxing club for the kjczl communty, MbinIng exercise. nutritional advice and di8pItne. tt is a place where peoFle can o)me to get fitter. inL¥ease self-confidence and discipline whilst becoming part of a noTrjudgementsl community there people are encouraged and supported. We are very grateful to all our swnsors and volunteers who have enabled us to stsrt up and continue this inf(iative, including the Heart of Bucks Communty Foundation, Thames Valley Poli. AyFesbury Town Council. Murphys Constwction, Lords Group Foundation, Cher%**ll Technology. also Minotaur Sports equipment proviaing us wrtTh our sp)rts wear . Wrth our rnn-sparring 8oxing Club there is so much skill and tethnKiue to leam including respect and discipline. Provhding a lo1 Boxing Club in SouthcourL we hope to engage wlth the communty to help wrih the probrnS that are Maybe arising in the area connected with crime .Funding Is always eb))Me to continue to inprove our equipment and wovide training for our coaching team .
Southcourt Bapt Church Finances The end oflhe year finan$ remained in a reL3tNety go(Y posibon wilh the level of TeseThes well above the agreed range. The General Fund budget set for 20224 was for a deficit of around £22.150 bLrt the church trustees approved the budget on the basis that. at the p)int of the budget being seL there were 8Lrfficlent reseNes to cover the deficiL T¢)tsl income for the general fund was almost £45.400 above buth3et du8 to a legacy git a grft day and ovetheads tr8nsfefr8d frorn various areas of church life such as Bridge fv Gap. Boxing and Treehouse Pre-school. Donations from indNiduals Nthin the churth continue to provide the majorrty of the income ahoUgh the percentage receNed from other sources continues to increase. Expenditure was above budget due to increased maintenance costs and an increase in s18ff costs. Overall. the General Fund experienced a surplus of around £10.500. The church has Continu to receNe generous dOnatiOr from membern. regular attendees, inctime from hiring rooms and thrOJh grants fty $peufic communty work. The trustees are grateful for all donations receNed. The Treehouse Pre-school bJget d$ set for year to the end of March 2024 th a deficit oflust over £1.000. However. due to a swJnrfKant rise in chikfjren numbers. additional income from the councll for SEN childrén and new income from hiring out the buildlng. the year ènded %Mth a surplus of just over £21,000. This induded both the unrestrcted and restrthd fvnds for the setttng. Setting a budget for the prfrsthool will ahYayE be drftcult due to 8 varf8ty of unpredhxable variables but financ88 at tho end of the year We in a very healthy position. The Finance Team and trustees continue to rnonitor the Charivs financial position through the production of quartedy Income & Expenditure statements and the bank account and fund balance8 against th8 Reserve Policy rdnge each V•eek. This acts a$ an early waming mechanism to Ident any tightening of cosh flow and prompt Temedlal actlon before wessure ts 0rInced on the ChariV8 Ib]uldity. The General Fund Reserve Polky has not Chang ¢)ver the last year wth the Reserve Range 8till stsnding al £19.000 - £28,000 for the 2024r25 financial year. The Twhouse Reserve Range remalns at £11,500- £23,000. The Trustees recognise their responsibility to keep the finan of the Charity in a heathy 8t8te and expect that to be the cse over tho ¢omirJ year. Plan$ for the future Southcourt Baptlst Church Is at the heart of the communty arKI over the $t few years we have developed various work streams that provide opwrtunities to help us meet the needs of those in our immediate proximty. Ovr vIsn to play our part to create a better. safer ts)mmunty. Our work streams include our. sadly too busy. food bank, the tXIng club which has just lebrated its first anniversary. and other initiatives such as the knrfe bank. This continues to be our aim for the year to come but it is becoming increasingty challervJing to find grants to fvnd the work therefore. our focus for the coming year will be to find new. more Sustainab strewns offunding. These new stre8m$ may be from grants or funding tdenttThed from new 80urces Uj also be vK)rking in partnership wllh other or9¥nisations and a9•nci•. The budget for the new financral year Sho a deficii but this wll monrtored regulaty by the finance team and trustees.
Jthcourt Baptist Church Approved by order of the board of trustees on 2024 and sKJned on its behalf by: M Rogers - Finance Vislon Leader
Southcourt Baptist Church Inde ndent Examin8rfs Re ort lo the Trustees of Southcourt Ba 'sl Church I repwjrt to the charity trustees on my examination of the Unts of SoUthurt Baptist Church for the year ended 31 March 2024. Responslbllltles and basis of rewt As the charrty trustees of the charity you are reSnsIble for the preparation of the accounts in accordance wrth the requirements ofthe Charltles Art 2011 (Ihe Arf). I report In respect of my examination of the Trusfs accounts carrbed out under section 145 of the Act and in carying out my examination I have folb)V•Ed all appticatAe Directions given by the Charlty Commission under section 145{5Hb) of the Acl. Ind•p•ndont oxamlnerfs statement I have completed my examination. l confirm that Tr) material matters have come to my attehtion in o)nneGtion with the examination gwing me cause to believe that in any material respecL' 8ccounting records were not kept in rosFecI of thg Charity as required by sectlon 130 of the Act., or th6 a¢nts do not accord Nmth those records; or the accounts do not compty with the applicab requirements concèming the fomi and content of aGoJunts set out in the Charities (A(Unts and Reports) Règulations 2008 other than any requlrement that the a¢¢ounts gNe a true and fair vi8w lch is not a matter con8hJered a8 part of an Inderthdent axaminalion. l nfIrM that there ore no other matters to whlch your attenn sPKiuld be drawn to enatde a proper und•rstsnding of the accounts to be reached. A J Bennevlth FCA FCPA, FF& FA. FIPA. oc FRSA Upper Ground Floor 18 Famham Road Guildford Surrey GU14XA Date.. li
Southcourt Baptist Church Ststemenl of Flnancial Actlvitie5 as at 31 March 2024 Notes Year ended 31.03.24 Totsl funds£ Year ended 31.03.23 Total funds £ Funds Funds Income and Endty*ments from: Donations 156,685 121,206 277.891 222.563 Income Tax Recoverdble Premises Hire Investment Treehouse Pre-school Total Expenditur• on: Charitsble Activities". 22,216 27.003 1.464 140,513 347,881 22.216 27,003 1.464 158,270 486.844 21,283 29.722 619 150.896 425.083 17.757 138,963 Leadership 73.716 73.716 55.697 Worship & Disupl&shlp 943 709 Neighbourh¢)od 5,478 91.983 97.461 79.837 Seniors Site Operations 85.991 19,032 105.023 S1.350 Repairs to church 12.963 12.963 11,282 Generatton Next 23,677 23.677 21,949 Outreach 4,210 4,210 14,062 Treehouse 98.110 39.647 137.757 124.906 Depre¢iation Total Not Incomel (Expendlturn) Transfer between lunds 4.000 403,001 22,082 309,088 38.793 150.662 {11.699) 459.750 27.094 N•t movement In funds 38,793 {11.6991 27,094 22,082 ROneIlatIon of funds: Total funds brought fonvard T¢)tal funds carrl•d forward Continuing Opgratlons All income and ex @ndtture hx8 from (x)ntinui 224107 277.074 24992 262.900 41.268 304.168
Southcourt Baptist Church Balance Sheel as at 31st Mah 2024 Year ended 31.03.24 Year ended 31.03.23 FuThts FuTrts Total funds £ Total fund$ £ Flxod Assets: Tangle Assets 131.0 131.000 135,000 Currgnt Assets: Deblors 4,610 4,610 3.116 Cash al bank and in hand 129.673 41,268 170,941 141.869 Total Curr•nl A88•ts 134,283 41,268 175,551 144,985 Llabllhl•$: Creditors.. Amounts falling due wlthln on• year 1.920 1,920 1.920 N•1 Curront Assets 132,363 41,268 173,631 143,065 Total A88•ts1o5• Curr•nt Llabllltl•s 263.363 41.268 304.631 278.065 Provlslon for Ilabllltle8 after one year 463 463 991 Total N•t Assets 262.900 41.268 304.168 277.074 Funds Re$triGted funds 41,268 52,967 Unrestricted fund8 262.9CiI 224.107 Totsl Funds 304.168 277,074 The financial ststements were approved by the Board ofTrusteés on..... .. signed on its behalf by.. M Rogers- Flnance Vishjn Leader . and wère
Southcourt Baptist Church Notes Formin Part of the Flnancial Statements as at 31 March 2024 1. Accountin Policies a) Basis of preparing the finandal stat•m8nts The financial statements of the chaiity. vthich is a publ benefft entity under FRS 102. have b8en prepared in accordance with the Charities SORP IFRS 102)'ALuunting and RekK)rting by Charitl8S: Statement of RecommerKled Practice aPiCab to charrbes preparing their accounts in accordance wth the Financial Reporbng Standard applicable in the UK and Republic of IreL8nd IFRS 102) {effective 1 January 2015),. Financial Reng Standard 102 The Financial ReportirYJ Stsndard applicable In the UK and Republic of Ireland. and the Charrties Act 2011. The finaThial statements havg been prepared under the historical cost convention. bl Incomlng rnsourG•s Donatlons affj reGognised as incomlng resources when recefved. InrJJme tax recoverab on donations Under1 Gfft Aid ¥dne Is acuunted for in the p8rlod In whlch the undedying donation is recehed. Funds received wher8 the charity Is acbng as w3ent for Independent iauses are matched to outgoings and any drfferenc8 is Carried forw8Td to the next pemd. Gifts in knnd, vthere matsrial and capable of behg valuod. are treated as Irtt. No value has been ptaced on the rentsl equfval8nt of the use of the church premls8s and property, whlch are occupied free of charge by tho church. Grant Income is ¢rediled to the Statement of Finan¢i81 Actwltl88 In the year in which it 18 reCeable. Deferred income represents amounts recefved forfuture arKI is ro18a8ed to InrnIng resources In the period for sthich it has been recelved. ¢) Resou•* oxp•nd•d All expenditure is included on an acc?1$ basis and is rewnised %then a legal or constructive obligatSon exlsts. The charity is not registered forVATand accordingty expendtture sho is indusive of itre¢overable VAT. Certaln expendlture 18 directty attributable to specfft athitss and has been included in those cost categories. Certain other costs. which ar8 attribUtsb to Th)re than on8 actlvty, are apportioned across osl categories according to the nature of the o)sL d) Tanglbl• fix•d oss•ts Tangible fixed assels are ststed at tost ths xcumukqted derK&xtion. PJI fixed assets ¢o$ting mor8 than £5,000 are capitalised. Depreciation Is provided at the folk)vn9 annual rates in order to 118 off each asset over its estlmated useful lrfe- Buildings Computer & gound equipment -2% on cost -25% on cost Freehold land is not depreciated as the trustees nSider the useful enoMiC lrfe of the land owned by the chaiity to be so long as to render any charge for depreciation immaterial to the truth and faimess of the finanual statements. 14
Southcourt Baptist Church e) Fund accounling Funds held by the tharity are eriher. Unreslricted funds- these are furKls wthich can be used in &ran with the charitable objects at the discretion of the trustees. Restricted funds- these are fvnds that can onty be used for particular restricted pufjy)ses within the objects of the charity. Restricknons arise when Sed by the donor or when funds are raised for particular restricted purp)se8. Designatsd funds- these are funds set aslde by the trustees for SE[fir purpM)ses. They forn) part of the unrestricted funds of the charity. fj Ponslons The church makes contr0tr1Jn3 to deffird &)ntribution $drnes. Pen$lon o)ntributions payablo to these schemes are charged to the Statement of Flnandal ktivrties in the liod to they relata. The ¢hurch also makes contrlbution$ to a muiti-employer defined benefit scheme. It 1$ not possible for the church to idenlfy the assets and liabilll*s attributable to the church. In aOrdanCe wlth the Charities SORP IFRS 1021, the scheme is therefore accounted for as a defined contribution scheme. See note 13 for further detsils about the pensh)n ¥themes. .Tan Ibla Flx•d Ass• Freehold land and buildings Computer and sound equipm8nt Totsl Cost At 1 April 2023 Additions At 31 March 2024 203.000 26,530 229.530 203,000 26,530 229.530 D•pr•Glatlon At 1 April 2023 Charge for year At 31 March 2024 26,530 94,530 4,000 98.530 72,000 26.$30 Net book valu9• At 31 March 2024 131,000 131.000 At 31 MarGh 2023 135.000 135.OlXI The cost of land and buih4ing$ is represented ty. Freehold manse at 293 Tring Road, Aylesbury {70% share) Land purchased for car park at Penn Road, Afv8try Total 200.000 3,000 203.000 . Nonwrnoneta assets held for the chu h's use The church is the benefrial occupier (subject to the rekvant tnist deeds) of the folk)wing assets. the leg81 titles to which are held by the chur¢h's custodian twstee. the Baptist UnK)n Corporation Ltd:
Southcourt Baptist Church 2024 2023 Church premises at insured value Church contents at insured value Total 3.727,899 416,749 4144.648 3.328.481 372.092 3.700.573 4. Debtors and m•n 2024 2023 Income tsx recoverable on glft ald Prepaid Insurance Totsl 2.187 2.423 4.610 2.281 3.116 redito unts failin du• wrthin one ar 2024 2023 rued expen¥e8 Other ¢ditOrS Total 1.920 1.920 1,920 1,920 illtl•s after on 2024 2023 Pension (Scheme 1 } (w nots 14) taff cos None of the ¢hur¢h's employees r¢ceNed omoluments of over £60,1)00 during the current or previous years. The average number of empkiyees during the year was 14 {2023..15}. which included full time and part time workers. On a full-time equNalent basis. the average number of staff members wa$ 12 (2023: 11 }. employed in the folhjwing areas". Numb•rs Pastoral car8 Administration and mainten8rice Children, Youth and communty Pre-sthool Totsl )24 2023 14 16 Costs 2024 2023 Wages and salaries Other Benefrts Employer's National Insuran Current Staff Pension costs Total 270.022 8.316 14,520 5.996 298.854 236,200 8.478 10.714 5.009 260.401 16
5thCourt Baptist Chvr¢h 8. Restrlcted fund Incoming Resources Resources Net incomin {outgoirvJ} Transfer beh%een funds Funds brought forvard Funds carried foThvard Something Better Bridge the Gap Treehouse Support Money Management Support Stsir Lrft Boxing Club Community Falr Totsl 653 18,364 23.829 653 24,052 1.939 1,233 98.956 17.757 93,268 39.647 1.273 5.688 (21.8} 327 2.650 17,500 500 138,963 2,650 10.410 331 41,268 14.305 2.169 150.662 3.195 {1.669) {11.699) 7,215 2.000 52.967 nrestTlct•d funds In¢oming Resources Net incomin IoLrtgoing) resources Transfer befvn funds Funds brought forward Funds carded forward Expended Premlses Refurbishment Premises Development Treehouse Women's Ministry Youth General Boxin Club Brid e the Ga Total 9.702 11.186 120 120 140,513 98.110 160 42.403 18,978 440 5,955 176.335 61,381 1.224 415 186 868 428 430 262.900 960 (6,5001 1.186 2.165 16,500 309.088 428 11.399 38,793 347.881 224.107 d Funds Funds (usually grant Monies) are hehj for the folk)wlng purposes.. SomethiTrJ Better- to 8UPPOrt the of the support for our older fok in the chur¢h and local communty. Brfdge the Gap fund - to supwrt the Irk of ourfood bank and communty lunch projects. Treehouse support- to fund the orKJoing PTo¥iwn of pricrf)l &Juc8tion where grants have been recerved for spe¢rfic propcts as to cover Specaal EdUtiOnal Needs. Money Management Support- to support the oThJoing ¥wrk of the debt management project that the church runs. Stair Lrft- to support a new stair lift being installad to ouryouth loft room to enable those with accesslbilty needs to come 8k)rKJ to our youth groups. 17
SohcOurt Baptist Church Boxing Club- to support the Boxing Club whth provths SUprt for fftness. discipline and friendship in our local mrnunty. Communty Falr- to enable the annual Communty Falrto tske ace in our kal LX)mmunty, providing fun. free food and social cohesion for the local pg)ple. 1. Desl nate Funds are held for the followng purtKtses: Church Premtses Refurt¥shment Fund- can be used for substantial intem818nd extemal reffiJrbishm&nt of our existing buildings. Church Premises Development Fund - for expenses relate(I to substantial buildlng developmenL ThOuSe Fund- to fund the orKJoing provision of pr&school edun. Women's Mlnl8ty- to supFort the Mplkbeing ofwomgn in and oulslde the church. Youth Fund- to support the children and yDUth V•Drk. Boxing Club - to supwJrt the Boxlng Club hich provldes support for fitness. discipllna and frtendshlp In our local communty. Bddge the Gap Fund - to $upport the work of ourfood bank and ¢ommunlty lunch proJed8. 12. Tru8tees' remuneratlon and ex One member of the Trustee Board Rev D Graham was employed by th8 Southcourt Church Bapt18t Trust In the position of Lead Pastor {2023: membets of the tM)anl). Rev D Graham received 8 remuneration package of £43,383 (£41.343 prevlou8 yèarl and a penslon conlribution of £1.7531£1,642 preVuS yearl. Expanses of £1.201 (2023.. £1,03n wpre also pahj rel8tlng to hls dutie$ as an employed m&mb8r of staff ' and included payment for travel. hospitalty, meetings and ministry costs. Payments to truste8s were made under the18981 athrity of th8 churth'$ governing docum&nts. . Net Incom IEX ndltu Tho net movement In furKl$ i¥ stated after LargIn(8dlI1rJ) foll¢)wing: 2024 2023 Independent Examinerfs remuneration: 1.920 1.920 Govemment Grants received: Food Bank Treehouse Pre-school Boxing Club Total (29.256) {17.757) (3.000) (50.013) (10.080) (27.753) (37.833) 18
Sovthcourt Baptist Church 14. Pension There are three schemes in operation, the ffit teing a muhimpbyer defined benefft pension scheme with The Pensions Trust on behalf of one former empk)yee and Irustee. Schome 1 . TPT Rotlrwnent Solutlons- Tho Gr¢rwth Plan The church particlpatss in the schem8. a multi-employer scheme whth provldes benefits to some 638 non-associated participating employers. The S(ne is a defined benefft scheme in the UK. It is not possible for the church to obtain sufficient inf0mtion to enable rt to account for the scheme as a defined benefft scheme. Therefore it aOUnts for the scheme as a defined cOntribun schwne. The scheme 1$ subjed to the fvnding legislan ouolned in the PensM)ns Act 2004 came into force on 30 December 25. This. tcwJether wrth documents by th& PAfLiAn Regulator and Technical Actuarial Standards issued by the Financial Rert1ThJ Council. Set out the framewt)rk for funding defined benefrt occupational pensh)n schemes in the UK. Th6 schemé is Glassffied as a 'lastryman standing arrangemerf. Therefore the church Is potentialty Ilabl8 for other participating employers. oblwJations rf those employers are unable to meet their share of the scheme deficit following withdravrdl from thé xheme. PartIpatIng employers are legal required to meet their share of the scheme deficlt on an annuty purchase basis on withdrasrdl from the s¢herne. A fvll actuarfal valuallon for the $¢heme vrds cafrled out as at 30 September 2020. This valuation showed 8sset$ of £800.3m. liabilities of £831.kn and a deficil of £31.6rn. To eliminate this funding shortfall. the Trustee has asked the partidpating empbyers to pay addttional contributlons to the stheme as follows: Deficlt contribution8 From 1 April 2022 to 31 January 2025.. £3,312,0 per annum {payable monthly) Unless a concession ha8 been agreed th8 Trustee the temi to 31 January 2025 applles. The recovery plan ojntnbutions are allocated lo each parti¢ipating employer In line with their 88mated share of the Serfes 1 and Series 2 scheme liabilitl88. Where the scheffle Is in defictt and where the ¢hur¢h has agreed to a defidt funding arrangement the church recognises 8 liabilty for this obligation. The amount recognised is the nel present value of th8 deficit reduclion contributiong Payse under the agreement that relates lo the deficit. The present value is caFculated using the discount rate detsiw in these dsUre$. The unwinding of th6 discount rate 18 recognised as a finance cost. Present value of provision: 31 March 2024 31 March 2023 31 March 2022 £463 £991 £1.555 Reconciliation of OFoning and ck)sirYJ Fmisiorts: PerM)d Ending 31 March 2024 (£) 991 Pericmj Ending 31 March 2023 1£) 1.555 Provision at stsrt of peric#J Unwinding of the discount factor (interest expense) 28 19
Southcourt Baptist Church Deficit contributK)n paid (566) 15661 Remeasurements- impxt of any change in assumptions {261 Remeasurements- amendments to the contribution schedule Provision at end of period 463 Income and Ex nditure Im Period Ending 31 March 2024 Period Ending 31 March 2023 Interest éxpense 28 Remeasurements- impact of any change in assumptlons {26) Remea$urements- amendments to th8 contribution schedule COntribLrtnS paid In re$pe¢t of fLrture serKe Costs recognised in income and expenditure account Assum tions: 31 March 2024% perannum 5.31 31 March 2023% per annum 5.52 31 March 2022 % per annum Rate of dlscourrt 2.35 The dl8count rate$ Shown ot¥)ve are the equivalont singlg dl8(x)unt rates lCh. when used to discount the future recovery plan o)ntributions due, V•Y)uld give the results 88 u$lng a full A4 corporate bond yield curve to dlscount the same recovery plan contributions. It Is these o)ntributions that have been used to derive the c£)mpanl$ balance sheet Sch•m• 2- Th• P•nslons Trust- Grrmth Plan S•rf•s 4 There is also a defined ¢xntribution schemg e¥tsblished The Penstons Trust and operated 8S 8n Autcpenrolment Scheme. Contributions to this schem& are charged to the SOFA in the period to which they reLale. Schemo 3- Llverpool Victoria- P•rsonal Penslon Plan Finally the church makes tknntr1buJnS to a defined ntribUtIon Personal Pèn*itin PLgn nn ofthè Lead Pastor. in 8rdar with the tenns of his wntrarA of empbyment 20
S(>uthcourt Baptist Church 15. Com aratives for the SOFA Statement of Financial Attivtties as at 31 Malth 2023 Unrestricted Funds Restricted Funds Year ended 31.03.23 Total fvnds Income and Endowments from: Donatlons 145.875 76.688 222,563 Income Tax Recoverable 21.283 21.?&2 Premtses Hire 29,722 29,722 Investment 619 619 rreehou5e Preschool 123,143 27.753 150,896 Total 320.642 104441 425.083 Expendlture on: Charf(able Actfvftles-. Leadershlp 55,697 55,697 Wotshlp & DlsclpleshSp 709 Nelghbourhood 77.936 79,837 Seniors 209 Site Operations 90.350 90.350 Repalrs to church 11.282 11.282 Generation Next 21.795 154 21,949 OUtaCh 14.062 14.062 Treehouse 118,532 6.374 124.906 Depreclatlon 4.000 Total 318.328 84,673 403,001 21
Sovthcourt Baptist Church Net In¢omellExpenditure) 2,314 19,768 22.082 Transfer between funds 6,665 (6.665) Net movement In fund5 8.979 13.103 22,082 Reconcillatlon of funds: Total funds brought forward 215.128 39,864 ' 254,992 Total funds carrted forward 221107 27T,074 16. Rglat•d dls ure The Trust re¢eived trustees, donations of £15,700 for the year ended 31 MaTch 2024 (2023.. £15.840>.