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2020-12-31-accounts

2020

ANNUAL REPORT & ACCOUNTS

FINDON VALLEY FREE CHURCH (BAPTIST)

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Table of Contents

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FINDON VALLEY FREE CHURCH (BAPTIST)

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Bankers
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Independent Examiner

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TRUSTEES REPORT 2020

STRUCTURE, GOVERNANCE AND MANAGEMENT

REVIEW OF FINANCIAL POSITION

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RESERVES POLICY

RISK MANAGEMENT

ACTIVITIES

Church Mission Statement

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Secretary’s Report 2020

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Details of Significant Activities

Moderator’s Report

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FINDON VALLEY FREE CHURCH (BAPTIST)

STATEMENT OF ACCOUNTS

YEAR ENDED 31[ST] DECEMBER 2020

STATEMENT OF CHARITY TRUSTEES (DEACONS) RESPONSIBILITIES

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INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS I report to the trust￿5 on my examination of the ￿CoUnts of Kirbth)n Valley Free Church fcf the year ended 31st D￿rnber 2020. 8 the charity's trustees, you are responsitrAe fcf the prepardtion of the accwnts in accordan￿ with the requirements of the Charities Att 2011 ("the Acv). Re5ponsibiltie5 and basis of repxt I report in resrert of my examination of the charity's accounts carrigj out under sectKJn 145 of the 2011 Att and in carrying out my examination. I have follow￿￿ all the applicable Diréctions oiven by the Charity Commission uThler ￿tr"on 14515llbl ofthe INIePw￿ examiner's staten)ent I have complet￿1 my examination. I confirm that no material matter5 have come to my attenth)n in connertion with the examination vthich gives rr£ cause to believe that in, any material respect: the ￿CoUn￿.ng recordg weré nrt kept in accordan￿ with s￿t￿)n 130 c the Charitbes Art: or the accounts did not accord with the accounting records; the accwtts dbd not comtAy wrth the applicable wuirerTEnts corKerning the ftxm and contsnt of 3cc￿jnts set out in the Charities {Accounts and Reports) Regulations 2008 other than any r￿Ju1[erTEnt that the ac¢J)unts give a 'true ar￿ fairf View whith is rK)t a matter cwsder&l a5 part of an independent examination. I have no concems and have come across no ot￿r matters in connection wth the examination to ￿lch attention should be drawn in this report in order to enable a prDper uTh4er5tanding of the accounts to Ee Signed Narr J Ir¥r￿Y1th FCE Date M21 Inde￿ndent Examiner5 Ltd Untt 2 The Broadbridge PAtsiness Centre Delling Lane Bosharrh West Sussex P018 8NF 91Page

Findon Valley Free Church (Baptist)

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STATEMENT OF FINANCIAL ACTIVITIES 2020

INCOME AND ENDOWMENTS FROM: INCOME AND ENDOWMENTS FROM: Funds Total Funds Total Funds
Note **Unrestricted ** Designated Restricted Endowment 2020 2019
£ £ £ £ £
Donations and Legacies 4a 56,050 100 6,191 62,341 83,868
Raising Funds
Preschool and Organisations
4b		 29,136 29,136 36,911
Investments 4c 13,019 275 1 13,295 10,792
Charitable Activities 4d 245 490 213 948 1,996
Other incoming resources 4e 101 101 123
Total Income 69,415 865 35,541 105,821 133,690
EXPENDITURE ON:
Raising Funds - PreSchool 5a 24,798 24,798 32,666
Raising Funds 5b 2,158 2,158 8,788
Charitable Activities 5c 49,194 1,451 6,295 56,940 83,839
Total Expenditure 49,194 1,451 33,251 83,896 125,293
Net Income/(Expenditure)
- before transfers		 20,221 -586 2,290 0 21,925 8,397
Transfers Between Funds
Gross transfers -in 12 19,740
Gross transfers -out 12 0 -19,740
Net Gains/(losses)on investment
assets 0 0 8,034 8,034 145,953
Actuarial gain/loss on Defined Benefit
Pension Scheme 15 12,927 0 12,927 2,023
Net movement in Funds 33,148 -586 2,290 8,034 42,886 156,373
Total Funds brought forward 62,350 152,422 8,843 3,169,008 3,392,623 3,236,250
Total Funds carried forward 95,498 151,836 11,133 3,177,042 3,435,509 3,392,623

"there may be discrepancies in the totals if pence are not being shown"

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FINDON VALLEY FREE CHURCH (BAPTIST)

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FINDON VALLEY FREE CHURCH (BAPTIST)

NOTES TO ACCOUNTS (continued)

4. Analysis of Income

4.a) Donations and Legacies
Analysis Unrestricted Designated Restricted 2020 2019
£ £ £ £ £
Donations and Gifts 96 3,880 3,975 6,996
Gift Aid Donations 35,390 35,390 44,652
Legacies 1,000 1,000 1,000
Cash Collections 6,516 6,516 11,074
Envelope 3,505 1,495 5,000 5,479
Gift Aid Tax Refund 9,543 100 816 10,459 14,669
56,050 100 6,191 62,341 83,868
4.b) Raising funds Preschool and Organisations
Analysis Unrestricted Designated Restricted 2020 2019
£ £ £ £ £
Bookstall 507 507 448
Luncheon Club 1,114 1,114 4,626
Step Inside Coffee Shop 771 771 3,365
Pre-School 26,744 26,744 28,473
29,136 29,136 36,911
4.c) Investments
Analysis Unrestricted Designated Restricted 2020 2019
£ £ £ £ £
Premises Letting 12,866 12,866 9,688
Bank Interest 153 275 1 429 1,105
13,019 275 1 13,294 10,793
4.d) Charitable Activities
Analysis Unrestricted Designated Restricted 2020 2019
£ £ £ £ £
Ladies Breakfast 235 235 175
Open House 213 213 846
Flowers 245 245 720
Mens Breakfast 256 256 256
245 490 213 949 1,997

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4.e)
Other Income
Analysis
Photocopying
Catering		 Unrestricted
Designated
Restricted
2020
2019
£
£
£
£
£
1
1
18
100
100
105
101
101
123

5. Analysis of Expenditure

5.a) Raising funds Pre-School
Analysis Unrestricted Designated Restricted 2020 2019
£ £ £ £ £
Pre-School 24,798 24,798 32,666
24,798 24,798 32,666
5.b) Raising funds Organisations
Analysis Unrestricted Designated Restricted 2020 2019
£ £ £ £ £
Bookstall 483 483 412
Luncheon Club 881 881 4,966
Step Inside Coffee Shop 795 795 3,410
2,158 2,158 8,788
5.c) Charitable Activities
Analysis Unrestricted Designated Restricted 2020 2019
£ £ £ £ £
Gifts to Mission - Note 6 7,215 6,186 13,401 9,155
Direct Church costs - Note 7 39,780 1,020 40,800 72,097
Church support Organisations - Note 8 431 110 540 1,250
Independent Examiners Fees 834 834 678
Professional Fees 1,306 1,306 600
Bank Charges 60 60 60
49,194 1,451 6,295 56,940 83,839
6. GIFTS TO MISSIONS
From Missions Funds:
BMS World Mission
Operation Agri
Baptist Home Mission
MAF
Release International
Total via Restricted Funds		 2020
2019
Overseas
General
UK
Total
Total
£
£
£
£
£
2,914
2,914
2,042
691
691
1,207
1,489
1,489
3,596
915
915
747
177
177
733
4,697
1,489
6,186
8,325

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Overseas General UK Total Total
From General Fund £ £ £ £ £
BMS World Mission 1,357 1,357 -
Operation Agri 1,257 1,257 -
Baptist Home Mission 1,257 1,257 -
MAF 1,257 1,257 -
Release International 1,257 1,257 -
Spurgeons Childcare 230 230 230
Spurgeons College 350 350 350
Retd.Bapt.Ministers Housing 250 250 250
Total via General Fund 5,128 2,087 7,215 830
Total Mission Giving 9,825 0 3,576 13,401 9,155
2020:This total represents 16.9% of total incoming resources (less Pre-school & Gift Day)
2019:This total represents 9.5% of total incoming resources (less Pre-School & Gift Day)

7. Direct Church Costs

Salaries
Pension Deficit
Manse Utilities
Manse Repair & Maintenance
Church Utilities
Church Repair & Maintenance
Cleaning
Printing,postage,stationery
Subscriptions
Conf & Training costs
Equipment
Advertising & Publications
Telephone,computer,internet
Admin expenses
Catering,gardening,flowers		 2020
2019
£
£
10,271
38,935
563
838
2,385
1,976
1,279
552
7,507
9,510
2,427
2,794
323
651
686
1,183
1,628
3,069
750
105
2,347
2,046
921
542
2,016
2,630
7,124
5,414
573
1,851
40,800
72,096

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8.Church Support Organisations

Open House
Ladies Breakfast
Mens Breakfast		 2020
2019
£
£
110
775
175
270
256
205
540
1,249

9. EMPLOYEES REMUNERATION

2020 2019
£ £
Gross remuneration paid to all employees 26,984 53,826
Total NIC Employer payments 0 300
** Pension Deficiency Payments to BU 2,724 3,553
Employer Pension Contributions 0 1,719
NIC ER(allowance April '19 - April '20 - £3000) used 1,015 556
NIC ER(allowance April '20 - April '21 - £4000) used 188 960
Net movement in pension liability 0 1,530
The average numbers of paid staff were:
Minister position vacant 1
Youth Worker not recruiting 1
Preschool staff (part time) 4 4
Administrator(part time) 1 1

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10. TRUSTEES (DEACONS) REMUNERATION & EXPENSES

TRUSTEES (DEACONS) REMUNERATION & EXPENSES
2020 2019
£ £
The total gross salary paid to Minister(position vacant from June 2019) 0 12,469
Amount of reimbursed expenses 0 0

11. Restricted Funds Movement - this year

Fund
Kitchen Equipment Reserve
Organ Refurbishment
Preschool
Organisations
Missions
Totals		 31.12.19
Transfers
Receipts
Payments
31.12.20
£
£
£
£
£
274
0
1
0
275
600
0
0
0
600
1,106
0
26,744
24,798
3,053
6,863
0
2,605
2,268
7,201
0
0
6,191
6,186
5
8,844
0
35,541
33,251
11,134
Restricted Funds Movement - last year Restricted Funds Movement - last year
Fund 31.12.18 Transfers Receipts Payments 31.12.19
£ £ £ £ £
Kitchen Equipment Reserve 359.97 0 92 178 274
Organ Refurbishment 600 0 0 0 600
Preschool 5,300 0 28,473 32,666 1,106
Organisations 7,141 0 9,285 9,562 6,863
Missions 0 0 8,325 8,325 0
Totals 13,401 0 46,175 50,731 8,844

NOTE: All restricted funds are held in current assets

12 Designated Funds Movement - this year

Fund
Mens' Breakfast
Ladies Breakfast
General Reserve
Building Fund
Fabric and Renewal
Outreach
Totals		 31.12.19
Transfers
Receipts
Payments
31.12.20
£
£
£
£
£
441
0
256
256
441
197
0
235
175
256
60,172
0
0
0
60,172
23,939
0
76
0
24,015
882
0
3
0
885
66,793
0
296
1,020
66,069
152,423
0
865
1,451
151,838

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Designated Funds Movement - last year

Fund
Mens' Breakfast
Ladies Breakfast
General Reserve
Building Fund
Fabric and Renewal
Outreach
Totals		 31.12.18
Transfers
Receipts
Payments
31.12.19
£
£
£
£
£
489
0
256
304
441
291
0
175
270
197
40,180
19,710
282
0
60,172
23,778
0
162
0
23,939
876
0
6
0
882
67,882
0
3,396
4,485
66,793
133,496
19,710
4,276
5,059
152,423

13 Commitments

a Photocopier

On the 25/10/2019 the church entered into an 5 year agreement with ASL/Siemens to lease a photocopier. Pre VAT quarterly payments amount to £350.

14 Liabilities

This is made up of money held for

£ FVRA Arts & Crafts 25 New Life Church 75 Turning Tides 180 Rowland Singers 75 Total 355

15 Provisions

Pension scheme agreed deficit recovery liability

Accounting date(year ending)
Balance sheet liability at year start
Minus deficiency contributions paid
Interest cost (recognised in SoFA)
Remaining change to balance sheet liability* (recognised in SoFA)
Balance sheet liability at year end		 31/12/2020
31/12/2019
£
£
34,452
36,683
2,724
-
3,553
-
563
838
10,765
-
484
21,526
34,452

"there may be minor discrepancies in the totals if pence are not being shown"

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Open House (Parent and Toddler Group Ministry) Annual Report 2020

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Messy Church 2020

Preschool Report 2020

Youth Church 2020

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ROOTED – Friday Evening Youth Work 2020

1st Findon Valley Scout Group 2020

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T.L.C. Ministry 2020

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Step Inside Coffee Shop Ministry 2020

Ladies’ Breakfast Ministry 2020

Men’s Breakfast Ministry 2020

Home Groups 2020

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BMS Birthday Scheme

Flower Ministry Yearly Report 2020

Bookstall Report 2020

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– Blythswood Care Shoe Box Appeal 2020

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Summary of Safeguarding Policy Statement

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