REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
FOR |
MOORDOWN BAPTIST CHURCH |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
FOR |
MOORDOWN BAPTIST CHURCH |
MOORDOWN BAPTIST CHURCH |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
Page |
Report of the Trustees | 1 | to | 5 |
Independent Examiner's Report | 6 |
Statement of Financial Activities | 7 |
Statement of Financial Position | 8 | to | 9 |
Notes to the Financial Statements | 10 | to | 16 |
MOORDOWN BAPTIST CHURCH (REGISTERED NUMBER: 08813067) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). |
OBJECTIVES AND ACTIVITIES |
Objectives and aims |
The charity's purposes as set out in the objects in the company's Articles of Association are to advance the Christian faith primarily but not exclusively within Bournemouth and the surrounding neighbourhood; and such other charitable purposes as shall, in the opinion of the Trustees or the Church Fellowship in a Church Members' Meeting, further the work of the Charity. |
We regularly review our aims, objectives and activities to ensure that we are being the most effective that we can. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. |
Significant activities |
Activities and public benefit |
The Church provides a welcoming environment for those wanting to know more about the Christian faith and for followers of Jesus Christ. We are a people with real purpose in our lives. We enjoy life because we have been given new life in Jesus Christ, and know God in a personal way. Our aim is to please God and serve him. We try to show God's love and care to those around us in a variety of ways - not least, in trying to introduce them to a relationship with God too. |
Moordown Baptist Church is not an exclusive club; all are welcome to come. Services are held twice on a Sunday and efforts are made to ensure that they are 'user friendly' for those with little regular experience of church. For those who show an interest, small group courses are run to provide further teaching. |
In addition to Sunday activities, the church has a programme of meetings and events for the benefit of the community, including a Luncheon Club and Ladies' Fellowship. (These have now been replaced by a Drop in Coffee Morning as of September 2021). |
Children and young people are well catered for as well, with toddler groups and crèche facilities through to action packed children and youth programmes on Sundays and Fridays. We aim to provide children entrusted to our care with a healthy balance of physical activities (games, quizzes and craft) and structured Bible teaching (stories, songs, studies and memory verses), providing nurture for body, mind and soul. |
There are a number of practical activities undertaken by the church including collecting food for the local Foodbank. |
Volunteers |
Volunteers are involved in most activities of the Church and are a very important resource to us. We encourage all members of the Church to be actively involved in its work and are grateful for their time freely given. Volunteers working with children or vulnerable adults are DBS checked in accordance with our Safeguarding Policy. |
MOORDOWN BAPTIST CHURCH (REGISTERED NUMBER: 08813067) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
ACHIEVEMENT AND PERFORMANCE |
Charitable activities |
As reported last year, at the turn of 2020 Moordown Baptist Church was running as usual with the various departments of the church serving both the church membership and the wider community well. However, as the COVID-19 outbreak turned into a global pandemic, the usual activities of the church were significantly curtailed. |
Sunday services which, until that point, had only ever been held in person were, for a few months, entirely digital - being pre-recorded during the week and distributed on the Sunday via YouTube and DVD. |
The musicians of the church recorded a wide selection of worship songs to be included in the Digital Sunday services and a large number of church members helped by recording children's talks and Bible readings. |
With much careful thought and planning - as well as a detailed risk assessment - the church was able to reopen for in-person Sunday services in September 2020. These have been well attended with around 100 people visiting each weekend. |
With in-person activities temporarily suspended once again in early 2021, we were able to complete a refurbishment of the Church driveway. |
In November 2020, we were able to begin live streaming services for those unable to attend in person and this has continued in 2021. |
Over the course of the year, we have developed further our online media presence with regular online postings of YouTube videos etc. Members contributed a series of video clips around the Christmas theme which were viewed in excess of 20,000 times in the run up to Christmas. In addition individually written Christmas cards were distributed to about 750 homes in the local area |
Despite the obvious disruption, the church has enjoyed the blessing of growth with many more visitors in person and a much wider reach through online means than ever before. |
Many of the usual clubs and midweek activities continued to be suspended for some of 2021 with much of the caring and and support being offered through phone calls and doorstep visits. These efforts were headed up by Stuart and Liz Fisher. |
FINANCIAL REVIEW |
Financial position |
Despite significant expenditure on physical improvements to the church building, the church remains in a good position financially. Other than the building expenses, the cost of running the church continued to be lower than usual due to several groups being suspended from meeting. |
The elders are confident that the church continues to be adequately funded through donations from those who attend. |
Principal funding sources |
Income is primarily generated by freewill gifts and offerings. Other sales are made as deemed appropriate by the trustees in accordance with the powers given to them by the Trust Deed. |
Investment policy and objectives |
The Church sometimes needs to react very quickly to particular emergencies and has a policy of keeping any surplus liquid funds in short-term deposits which can be accessed readily. Surplus funds are held in the CAF Bank gold account. |
MOORDOWN BAPTIST CHURCH (REGISTERED NUMBER: 08813067) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
FINANCIAL REVIEW |
Reserves policy |
The Board has examined the Church's requirements for reserves in light of its main risks and commitments. It has determined a policy to hold reserves which are readily accessible and not already committed to specific projects or activities of between 3 and 6 months of expenditure. Budgeted expenditure is approximately £100,000 and therefore the target is £25,000 to £50,000 in general funds. This means that if income drops significantly then the church will be able to continue its activities in the near term. |
Free reserves held in bank and cash balances amounted to £158,331 at 31 December 2021 (2020: £164,023), and was therefore outside of the budgeted range. The Trustees are aware that the current available funds are outside of the acceptable range and are actively working towards reviewing expenditure over the coming months to reduce the surplus to an appropriate level |
FUTURE PLANS |
The church plans to continue with live streaming services and growing the online ministry. We are also very much looking forward to bringing back many mid-week activities that have had to be suspended for now. |
The strategy of the church is under regular review to ensure that the aims and objectives of the church are being met and new initiatives and events will be developed to keep our vision fresh. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The organisation is a company limited by guarantee governed by its Memorandum of Association dated 12 December 2013. It is registered as a charity with the Charity Commission. In the event of the company being wound up members are required to contribute an amount not exceeding £10. |
Organisational structure |
The directors of the company are also charity trustees for the purposes of charity law. They consist of the Elders of Moordown Baptist Church (the Church) and other church members as considered appropriate by the Elders and the Church. Elders are appointed by the Church. Under the requirements of the Memorandum and Articles of Association a third of the directors retire by rotation each year. |
The Memorandum and Articles of Association allow Trustees to be employed by the church or have a business relationship provided that: |
- The remuneration or other sums paid to the trustee does not exceed an amount that is reasonable |
- The trustee is absent from the part of any meeting at which their salary, performance in employment or benefits are discussed |
- A majority of the trustees in office have no such benefits |
A trustee cannot receive remuneration for acting as a trustee. |
As trustees of a charity, the directors are given training on appointment and ongoing support and training as required. |
MOORDOWN BAPTIST CHURCH (REGISTERED NUMBER: 08813067) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Risk management |
The Elders actively review the major risks which the charity faces on a regular basis and believe that maintaining our free reserves at the levels stated above, combined with our annual review of the controls over key financial activities, appropriately manage the key financial risks. The trustees have also examined other operational and business risks faced by the church and confirm that they have established systems to mitigate the significant risks. |
The most significant risk is the church's reliance on the continued financial support from the committed members of the Church. Church members are regularly informed of the financial position compared to budget and have always responded well to any financial needs. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
Trustees |
Independent Examiner |
J M Palin |
Chapelgate |
Chittlehamholt |
Umberleigh |
Devon |
EX37 9NS |
MOORDOWN BAPTIST CHURCH (REGISTERED NUMBER: 08813067) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. |
Approved by order of the board of trustees on |
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
MOORDOWN BAPTIST CHURCH |
Independent examiner's report to the trustees of Moordown Baptist Church ('the Company') |
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2021. |
Responsibilities and basis of report |
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). |
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. |
Independent examiner's statement |
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: |
1. | accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or |
2. | the accounts do not accord with those records; or |
3. | the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or |
4. | the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). |
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. |
. |
J M Palin |
Chapelgate |
Chittlehamholt |
Umberleigh |
Devon |
EX37 9NS |
27 January 2022 |
MOORDOWN BAPTIST CHURCH |
STATEMENT OF FINANCIAL ACTIVITIES |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
2021 | 2020 |
Unrestricted | Restricted | Total | Total |
fund | funds | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Charitable activities |
Investment income | 2 |
Total |
EXPENDITURE ON |
Charitable activities | 3 |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 170,154 |
MOORDOWN BAPTIST CHURCH (REGISTERED NUMBER: 08813067) |
STATEMENT OF FINANCIAL POSITION |
31 DECEMBER 2021 |
2021 | 2020 |
Unrestricted | Restricted | Total | Total |
fund | funds | funds | funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 8 |
CURRENT ASSETS |
Debtors | 9 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 10 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 11 |
Unrestricted funds | 164,023 |
Restricted funds | 6,131 |
TOTAL FUNDS | 170,154 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006. |
The trustees acknowledge their responsibilities for |
(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
MOORDOWN BAPTIST CHURCH (REGISTERED NUMBER: 08813067) |
STATEMENT OF FINANCIAL POSITION - continued |
31 DECEMBER 2021 |
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
The financial statements were approved by the Board of Trustees and authorised for issue on |
MOORDOWN BAPTIST CHURCH |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
Income |
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. |
Expenditure |
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. |
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Fixtures and fittings | - |
Motor vehicles | - |
The company does not recognise land and buildings in these financial statements as they are held by third party trustees. All expenditure on the properties is therefore written off in the year in which it is incurred. |
Taxation |
The charity is exempt from corporation tax on its charitable activities. |
Fund accounting |
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
MOORDOWN BAPTIST CHURCH |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
1. | ACCOUNTING POLICIES - continued |
Pension costs and other post-retirement benefits |
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. |
2. | INVESTMENT INCOME |
2021 | 2020 |
£ | £ |
Deposit account interest |
3. | CHARITABLE ACTIVITIES COSTS |
Grant |
Direct | funding of | Support |
Costs | activities | costs | Totals |
£ | £ | £ | £ |
Church activities | 132,254 | 29,304 | 163 | 161,721 |
4. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
2021 | 2020 |
£ | £ |
Depreciation - owned assets |
5. | TRUSTEES' REMUNERATION AND BENEFITS |
Trustees are not remunerated for doing their work as trustees. The following transactions with trustees occurred during the year: |
Stuart Fisher was paid £Nil (2020 £6,800) on which no employer NI contributions were payable. |
James Hill was paid £19,228 (2020 £16,545) on which employer NI contributions of £1,098 (2020 £Nil) were payable. |
In addition he occupied a manse rent free. The market value of this benefit was £15,969 (2020 £15,969). |
Contributions towards personal pension schemes were £2,933 (2020 £2,672) for James Hill. At 31 December 2021 £Nil (2020: £Nil) pension contributions payable to defined contribution schemes were outstanding. |
MOORDOWN BAPTIST CHURCH |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
5. | TRUSTEES' REMUNERATION AND BENEFITS - continued |
Trustees' expenses |
No trustee received any monies in respect of their work for the church, waiving normal travel and sundry expenses incurred during the course of their work. |
6. | STAFF COSTS |
2021 | 2020 |
£ | £ |
Wages and salaries |
Social security costs |
Other pension costs |
23,259 | 26,343 |
The average monthly number of employees during the year was as follows: |
2021 | 2020 |
Church staff |
7. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
fund | funds | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Charitable activities |
Investment income |
Total |
EXPENDITURE ON |
Charitable activities |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) |
Transfers between funds | 13,113 | (13,113 | ) | - |
Net movement in funds | ( |
) | ( |
) |
MOORDOWN BAPTIST CHURCH |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
7. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
Unrestricted | Restricted | Total |
fund | funds | funds |
£ | £ | £ |
RECONCILIATION OF FUNDS |
Total funds brought forward | 161,716 | 36,760 |
TOTAL FUNDS CARRIED FORWARD | 164,023 | 6,131 | 170,154 |
8. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Motor |
fittings | vehicles | Totals |
£ | £ | £ |
COST |
At 1 January 2021 and 31 December 2021 |
DEPRECIATION |
At 1 January 2021 |
Charge for year |
At 31 December 2021 |
NET BOOK VALUE |
At 31 December 2021 |
At 31 December 2020 |
9. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Other debtors |
Prepayments and accrued income |
MOORDOWN BAPTIST CHURCH |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Accruals and deferred income |
11. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 1/1/21 | in funds | 31/12/21 |
£ | £ | £ |
Unrestricted funds |
General fund | 164,023 | (5,692 | ) | 158,331 |
Restricted funds |
Missionary fund | 1,494 | (81 | ) | 1,413 |
Ministry Development | 4,637 | - | 4,637 |
(81 | ) |
TOTAL FUNDS | (5,773 | ) | 164,381 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 143,995 | (149,687 | ) | (5,692 | ) |
Restricted funds |
Missionary fund | 11,953 | (12,034 | ) | (81 | ) |
TOTAL FUNDS | ( |
) | (5,773 | ) |
MOORDOWN BAPTIST CHURCH |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
11. | MOVEMENT IN FUNDS - continued |
Comparatives for movement in funds |
Net | Transfers |
movement | between | At |
At 1/1/20 | in funds | funds | 31/12/20 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 161,716 | (10,806 | ) | 13,113 | 164,023 |
Restricted funds |
Missionary fund | 260 | 1,234 | - | 1,494 |
Refurbishment | 18,750 | (18,750 | ) | - | - |
Ministry Development | 17,750 | - | (13,113 | ) | 4,637 |
36,760 | (17,516 | ) | (13,113 | ) | 6,131 |
TOTAL FUNDS | 198,476 | (28,322 | ) | - | 170,154 |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 139,024 | (149,830 | ) | (10,806 | ) |
Restricted funds |
Missionary fund | 13,208 | (11,974 | ) | 1,234 |
Refurbishment | 8,000 | (26,750 | ) | (18,750 | ) |
21,208 | (38,724 | ) | (17,516 | ) |
TOTAL FUNDS | 160,232 | (188,554 | ) | (28,322 | ) |
MOORDOWN BAPTIST CHURCH |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
12. | RELATED PARTY DISCLOSURES |
A Heal, the son of R Heal, a trustee, provided grounds maintenance services to the company. The charge in the year was £937 (2020 £1,125) |
There were no other related party transactions that are required to be disclosed in these financial statements. |