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2023-12-31-accounts

BATTERSEA CHAPEL (EDUCATIONAL FOUNDATION)

Charity Registration Number: 312325

31 December 2023 Annual Report and Accounts

BATTERSEA CHAPEL (EDUCATIONAL FOUNDATION)

Annual Report and Accounts 2023 Contents

Page
Legal & Administrative Information 2
Annual Report of the Trustees 3
Independent Examiner’s Report 5
Receipts & Payments Account 6
Statement of Assets & Liabilities 7
Notes to the Accounts 8

1

BATTERSEA CHAPEL (EDUCATIONAL FOUNDATION)

Legal & Administrative Information For the year ended 31 December 2023

Charity Name Battersea Chapel (Educational Foundation).
Principal Address 83 Thomas Baines Road Battersea, London, SW11 2HH
Charity Registration 312325. The church was registered with the Charity Commission on 5 December
1962.
The Governing Document Scheme dated 25 July 2006
Object 1. The advancement of the religious and other charitable work of the church of
protestant dissenters of the Baptist denomination.
2. The advancement of education both secular and in accordance with the tenets of
the church of protestant dissenters of the Baptist denomination.
Trustees The Trustees who served during the year or who were serving at the date of this
report were:
Reverend Adebayo Babalola
Daniel Johnson
Bre Antonia Mc Dermott- King
(stepped down		 31 Juy 2025)
Hilary Sheikh
(stepped down		 31 Juy 2025)
Foluke Adenrele Moses
Patience Nandi Mtopa-Offei
(stepped down		 31 Juy 2025)
Carla Burton
Rose Kudiabor
Key Management Personnel Those in charge of directing, controlling, running and operating the Church on a day-
to-day basis are the Trustees.
Bankers Barclays Bank PLC
7-11 St Johns Hill
London
SW11 2TR
National Savings & Investment
Sunderland
SR43 2SB
Independent Examiner Michael Jarrett ACMA, CGMA
77 Woodford Avenue
Redbridge
Essex IG2 6UX

2

BATTERSEA CHAPEL (EDUCATIONAL FOUNDATION)

Trustees Report For the year ended 31 December 2023

The Trustees submit their annual report and accounts of Battersea Chapel (Educational Foundation) (“the Church”) for the year ended 31 December 2023. The legal and administrative information set out earlier in this document forms part of this report.

1. Structure, Governance & Management

The office bearers and any other leadership team members for the time being constitute the trustees. There must be at least three, and they must meet at least twice a year.

None of the Trustees receive remuneration apart from the Pastor.

2. Activities

The Trustees have given due regard to the Charity Commissions’ guidance on public benefit. During the year the Church carried out the following activities in order to promote the Gospel in the local neighbourhood and also to benefit the community:

We have settled in very well at our new address of 83 Thomas Baines Road, Battersea SW11 2HH. The new building was dedicated in June 2023.

Activities held are:

Social Activities include:

3. Achievements

We were able to welcome new addition to the church members list. We participated in Love Battersea – a collaborative community event.

We established an over 50s community group which provides warm space activities for those in need.

4. Financial Review

4.1 Financial Activity and Financial Position

The church is funded by the freewill offerings of members and others, together with some lettings income.

3

BATTERSEA CHAPEL (EDUCATIONAL FOUNDATION)

Trustees Report For the year ended 31 December 2023

The Church’s cash resources decreased by £30,021 during the year to £233,112 (2022: decreased by £45,971 to £263,133).

4.2 Pension Deficit

The Church is an employer participating in a pension scheme known as the Baptist Pension Scheme (“the Scheme”). The Scheme is a separate legal entity which is administered by the Pension Trustee (Baptist Pension Trust Limited).

The most recent (30 September 2024) statement indicated that there was no Scheme deficit.

4.3 Reserves Policy

The Trustees consider that, given the nature of the church’s work, free reserves should be equivalent to approximately 3 months’ routine general fund expenditure, plus committed future expenditure on other projects where funds permit. The Trustees are of the opinion that this provides sufficient flexibility to cover temporary shortfalls in incoming resources and will allow the Church to cope and respond to unforeseen emergencies whilst specific action plans are implemented. At 31 December 2023 the Church had net free reserves of £221,090 (2022: £260,171).

At 31 December 2023 the Church had net free reserves of £221,090 (2022: £260,171).
2023 2022
£ £
Total cash reserves 233,112 263,133
Less: restricted funds (12,022) (12,022)
(2,962)
Free reserves 221,090 260,171
Free reserves requirement:
3 month’s budgeted routine expenditure 20,000 20,000

5. Responsibilities of Trustees for the Accounts

Charity law requires the Trustees to prepare accounts for each accounting year which record the receipts and payments of the charity for the year. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011. The Trustees also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.

6. Approval

The report of the Trustees was approved by the Trustees on 15 August 2025 and signed on its behalf by:

Daniel Johnson Trustee

Foluke Adenrele MOSES Trustee

4

BATTERSEA CHAPEL (EDUCATIONAL FOUNDATION)

Independent Examiner’s Report For the year ended 31 December 2023

I report on the accounts of Battersea Church (Educational Foundation) for the year ended 31 December 2023, set out on pages 6 to 12.

This report is made solely to the Trustees in accordance with section 145 of the Charities Act 2011 (the Act). My independent examination has been undertaken so that I might state to the Trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by the law, I do not accept responsibility to anyone other than the Trustees for my independent examination, for this report, or the opinions I have formed.

RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND EXAMINER

The Trustees consider that an audit is not required for this period (under section 144(2) of the Act) and that an independent examination is needed.

It is my responsibility to:

BASIS OF INDEPENDENT EXAMINER’S STATEMENT

My examination was carried out in accordance with General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts.

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:

  1. accounting records were not kept in respect of the church as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. 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.

Michael Jarrett

15 August 2025

5

BATTERSEA CHAPEL (EDUCATIONAL FOUNDATION)

Receipts & Payments Account For the year ended 31 December 2023

Note
Receipts
Donations and legacies
Charitable activities
Lettings
Investments
Other
Total Receipts
Payments
Charitable activities
2
Total Payments
Surplus of payments over receipts
Transfer between funds
Total cash funds brought forward
Total cash funds carried forward
4,5		 Unrestricted
Funds
2023
£
46,287
231
448
1,992
-
48,958
88,039
88,039
(39,081)
-
260,171
221,090		 Restricted
Funds
2023
£
9,787
-
-
9,787
727
727
9,060
-
2,962
12,022		 Total
2022
£
43,559
-
1,620
545
1,250







)
Total
2023
£
56,074
231
448
1,992
-
46,974
58,745
92,945
88,766
92,945
88,766
(45,971
-
309,104
(30,021)
-
263,133
263,133
233,112

6

BATTERSEA CHAPEL (EDUCATIONAL FOUNDATION)

Statement of Assets & Liabilities As at 31 December 2023

Unrestricted Restricted
Funds Funds Total Total
Note 2023 2023 2023 2022
£ £ £ £
Assets
Tangible Assets 3 - - - -
Investments 806 - 806 603
Debtors 9,241 - 9,241 -
Cash At Bank And In Hand 4,5 220,613 12,499 233,112 263,133
221,419 12,499 233,918 263,736
Liabilities
Loan: London Baptist Property Board - - - 6,222
Pension deficit 6 - - - -
Total Assets Less Liabilities 221,419 12,499 233,918 257,514

The Accounts were approved by the Trustees on 15 August 2025 and signed on its behalf by:

Daniel Johnson Trustee

Foluke Adenrele Moses Trustee

7

BATTERSEA CHAPEL (EDUCATIONAL FOUNDATION)

Notes to the Accounts For the year ended 31 December 2023

1. Accounting Policies

The accounts have been prepared on a receipts and payments basis with a statement of assets and liabilities.

2. Payments – Charitable Activities

Provision of Pastor
Net salary & PAYE
Pension
Council tax
Manse heat & Light
Manse insurance
Manse repairs and maintenance
Other

Church life & outreach
Visiting preachers
Hospitality & catering
Music
Other
Gifts & grants

Office Costs
Telephone, broadband, website
Subscriptions
Printing, stationery & postage
Other

Provision of buildings and facilities
Heat, light & water
Insurance
Maintenance, cleaning, security
Equipment
Legal fees
Sundry

Governance
Independent examination


 Unrestricted
Funds
2023
£
23,382
5,282
1,472
4,845
1,297
2,268
-		 Restricted
Funds
2023
£
-
-
-
-
-
-
-
0
-
-
-
477
250
727
-
-
-
-
0
-
-
-
-
-
-
0
-
727		 Total
2022
£
24,943
3,727
1,220
-
556
8,795
953
40,194
450
470
5,055
3,691
1,778
11,444
4,411
189
1,454
3,494
9,548
11,690
5,402
1,995
11,076
-
576
30,739
1,020
92,945
Total
2023
£
23,382
5,282
1,472
4,845
1,297
2,268
-
38,546
200
1,730
2,169
4,413
1,464
38,546
200
1,730
2,169
4,890
1,714
9,976
2,884
416
1,117
1,213
10,703
2,884
416
1,117
1,213
5,630
11,599
6,118
9,667
-
6,503
-
5,630
11,599
6,118
9,667
-
6,503
-
33,887
-
33,887
-
88,039
88,766

8

BATTERSEA CHAPEL (EDUCATIONAL FOUNDATION)

Notes to the Accounts For the year ended 31 December 2023

3. Tangible Fixed Assets

There are two properties:

4. Unrestricted Funds

4a Current year
Unrestricted funds
Designated funds:
Book agency
Building Fund
Communion Fund
Outing fund
Sunday school fund
Youth Group
4b Prior year
Unrestricted funds
Designated funds:
Book agency
Building Fund
Communion Fund
Outing fund
Sunday school fund
Youth Group		 At 1
January
2023
£
236,747
159
16,596
4,874
1,026
512
257
23,424
260,171		 Receipts
£
48,939
-
-
-
-
-
20
20
48,959		 Receipts
£
48,939
-
-
-
-
-
20
20
48,959		 Payments
£
(87,394)
-
-
(250)
(120)
(276)
-
(646)
(88,040)		 Transfers
£
-
-
-
-
-
-
-		 At 31
December
2023
£
198,292
159
16,596
4,624
906
236
277
0
22,798
0
221,090
At 1
January
2022
£
Receipts
£
285,320
42,372
159
-
16,596
-
4,874
-
1,026
-
512
-
257
-
23,424
0
308,744
42,372		 Payments
£
(90,945)
-
-
-
-
-
-
0
(90,945)
At 1
January
2022
£
285,320
159
16,596
4,874
1,026
512
257
23,424
308,744		 Transfers
£
-
-
-
-
-
-
-		 At 31
December
2022
£
236,747
159
16,596
4,874
1,026
512
257
0
23,424
0
260,171

9

BATTERSEA CHAPEL (EDUCATIONAL FOUNDATION)

Notes to the Accounts For the year ended 31 December 2023

4. Unrestricted Funds (continued)

Descriptions of the main designated funds are as follows:

Building fund: This is money set aside for any emergency building work.

Communion Fund: This is money collected during the communion service, every 3[rd] Sunday of the month and set aside for internal and external charity work at the discretion of the Pastor.

Outing fund: Money set aside to help families who cannot afford to join the annual seaside trip but need the break. Any surplus from each outing is added back to this fund.

Sunday school fund: this is money set aside to purchase gifts and resources for the Sunday school children.

5. Restricted Funds

5a Current year
Communion Fund
Minibus fund
Warm Spaces
Thanksgiving
Equipment
5b Prior year
Communion Fund
Minibus fund
Website
Thanksgiving
Equipment		 At 1
January
2023
£
10
360
0
2,552
40
2,962		 Receipts
£
377
-
9,400
10
-
9,787		 Receipts
£
377
-
9,400
10
-
9,787		 Payments
£
(250)
-
(477)
-
-
( 727)		 Transfers
£
-
-
-
-
-		 At 31
December
2023
£
137
360
8,923
2,562
40
0
12,022
At 1
January
2022
£
Receipts
£
0
10
360
-
0
2,000
0
2,552
0
40
360
4,602		 Payments
£
-
-
(2,000)
-
-
(2,000)
At 1
January
2022
£
0
360
0
0
0
360		 Transfers
£
-
-
-
-
-		 At 31
December
2022
£
10
360
0
2,552
40
0
2,962

6. Pension Deficit

The Baptist Pension Scheme reported in September 2024 that there is no deficit on the pension scheme.

7. Related Party Transactions

10

BATTERSEA CHAPEL (EDUCATIONAL FOUNDATION)

Notes to the Accounts For the year ended 31 December 2023

Adebayo Babalola, a trustee from April 2023, was paid a salary at a rate of £24,500 per annum in his employed capacity as pastor and occupied the Church’s manse property rent free for the better performance of his duties.

11