2021 ## ANNUAL REPORT & ACCOUNTS ## FINDON VALLEY FREE CHURCH (BAPTIST) 1 | P a g e ## Table of Contents 2 | P a g e ## FINDON VALLEY FREE CHURCH (BAPTIST) **----- Start of picture text -----**
Bankers
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Independent Examiner 3 | P a g e TRUSTEES REPORT 2021 STRUCTURE, GOVERNANCE AND MANAGEMENT REVIEW OF FINANCIAL POSITION 4 | P a g e ## RESERVES POLICY ## RISK MANAGEMENT ## ACTIVITIES ## Church Mission Statement - - - - 5 | P a g e ## Secretary’s Report 2021 6 | P a g e Details of Significant Activities ## Moderator’s Report Minister’s Report 7 | P a g e 8 | P a g e FINDON VALLEY FREE CHURCH (BAPTIST) ## STATEMENT OF ACCOUNTS YEAR ENDED 31ST DECEMBER, 2021 STATEMENT OF CHARITY TRUSTEES (DEACONS) RESPONSIBILITIES - - - - - 9 | P a g e INDEPE14DENT EXAMINERS REPORT ON THE ACCOUNTS I report to the twstees w my examination of the aicount5 of Fitthn V4lleY Free Church f(*the year ended 31st De￿rnber 2021. AS the charity's truStee5. you re5PDn51bk for the preparatlon of the aC¢tyJOts 14 acrordance wlth the requlrements of the J)rttyes Art 201L 1.the Att). Responslblllles and ba9iS tsl report In respett of my examirotion of Ihe chèrity'5 accounts carrled Dut under settlon L4S of the 2011 Act alld In carrying out my exarnlnatlon. I h?ve followed all the appli(able Directlons glveffl by the ch•￿tY CDmmi&sion undef 14515llbl of the Att. Indepondont examln•r's ststemenl ave compleied rny ex8minati¢n. I ihèt DD rnaterial rnatte￿ have come to my attent￿)n in connect￿￿ ￿th the exatnlfflatlon whlth glves me Ca￿$e to believe thèt in, any materlal r@S￿Cl.. the accounti￿ records wlere not kept in accordance wlth 5ectloffl 130 of the Chadties Att., Or the accounts dld not with the aECOUfitlng records,. or the ac(DUnt5 did not comply wlth the appllcablé reqvlrem¢Thts ¢oo¢ernin¢ the lortn and LDntent ol èc¢Duhts set Out ID the Charitie5 (Accounts 3nd Reporfsl Rogulaiions 2008 Other thèn any requlrément th?I the )c¢ounts 9ive a'true ènd kirf vie¥y which not a rn¥tter conslderel as part of an Independent examln¥tbn I have no concern5 and have come across no other rn¥tters In Connertion with the eXa[nin￿On to whlch attention should be drawn In th15 report In order to ￿Trat￿@ a proper understanding of the accounts to be re)ched. Name J FCIE Date ￿￿hAprIl2O22 Independent Examlner5 Ltd Unit 2 The Broadbrittge Buslness Centre Bosharn West Sussex P018 8NF IOIPage 11 | P a g e ## **STATEMENT OF FINANCIAL ACTIVITIES 2021** |**INCOME AND ENDOWMENTS FROM:**|**INCOME AND ENDOWMENTS FROM:**||**Funds**|||**Total Funds**|**Total Funds**| |---|---|---|---|---|---|---|---| ||Note|**Unrestricted **|**Designated**|**Restricted**|**Endowment**|**2021**|**2020**| |||£|£|£||£|£| |Donations and Legacies|4a|51,905|5|5,573||57,483|62,341| |Raising Funds
Preschool and Organisations|
**4b**|||42,732||42,732|29,136| |Investments|**4c**|18,853|4,446|||23,299|13,295| |Charitable Activities|**4d**|20|386|163||569|948| |Other incoming resources|**4e**|10||||10|101| |**Total Income**||**70,788**|**4,837**|**48,468**||**124,093**|105,821| |**EXPENDITURE ON:**|||||||| |Raising Funds - PreSchool|**5a**|||37,161||37,161|24,798| |Raising Funds|**5b**|||1,346||1,346|2,158| |Charitable Activities|**5c**|69,207|13,509|5,890||88,606|56,940| |**Total Expenditure**||**69,207**|**13,509**|**44,397**||**127,113**|**83,896**| |**Net Income/(Expenditure)**
**- before transfers**||**1,581**|**-8,672**|**4,071**|**0**|**-3,020**|**21,925**| |**Transfers Between Funds**|||||||| |Gross transfers -in|**12**|||||0|0| |Gross transfers -out|**12**|||||0|0| |Net Gains/(losses)on investment|||||||| |assets||0||0|8,275|8,275|8,034| |Actuarial gain/loss on Defined Benefit|||||||| |Pension Scheme|**15**|4,225||0||4,225|12,927| |**Net movement in Funds**||**5,806**|**-8,672**|**4,071**|**8,275**|**9,480**|**42,886**| |**Total Funds brought forward**||95,498|151,836|11,133|3,177,042|3,435,509|3,392,623| |**Total Funds carried forward**||**101,304**|**143,164**|**15,204**|**3,185,317**|**3,444,989**|**3,435,509**| "there may be discrepancies in the totals if pence are not being shown" 12 | P a g e FINDON VALLEY FREE CHURCH (BAPTIST) ## 1. ACCOUNTING POLICIES ## a. ## e. - - - 13 | P a g e 14 | P a g e ## 2. FIXED ASSETS |IXED ASSETS|||||| |---|---|---|---|---|---| |At the
beginning of
the year
Additions
Revaluations
Disposals
At end of year
Net book
value at the
beginning of
the year
Net book
value at the
end of year|Freehold land
& buildings
£|Other land
& buildings
£|Plant,
Machinery &
Motor
vehicles
£|Fixtures,
Fittings &
equipment
£|Total
£| ||3,177,042||||3,177,042| ||||||| ||8,275||||8,275| ||||||| ||3,185,317||||3,185,317| ||3,177,042||||3,177,042| ||3,185,317||||3,185,317| ## 3. ENDOWMENT FUND 15 | P a g e ## **FINDON VALLEY FREE CHURCH (BAPTIST)** ## **NOTES TO ACCOUNTS (continued)** ## **4. Analysis of Income** |4.a)|**Donations and Legacies**||||||| |---|---|---|---|---|---|---|---| ||Analysis||Unrestricted|Designated|Restricted|2021|2020| ||||£|£|£|£|£| ||Donations and Gifts||231|5|3,897|4,133|3,975| ||Gift Aid Donations||31,181|||31,181|35,390| ||Legacies|||||-|1,000| ||Cash Collections||7,182|||7,182|6,516| ||Envelope||4,538||740|5,278|5,000| ||Gift Aid Tax Refund||8,773||936|9,709|10,459| ||||**51,905**|**5**|**5,573**|**57,483**|**62,341**| |4.b)|**Raising funds Preschool**|**and Organisations**|||||| ||Analysis||Unrestricted|Designated|Restricted|2021|2020| ||||£|£|£|£|£| ||Bookstall||||358|358|507| ||Luncheon Club|||||-|1,114| ||Step Inside Coffee Shop||||1,049|1,049|771| ||Pre-School||||||26,744| |||Fees|||13,187|13,187|| ||Vouchers(WSCC)||||28,138|28,138|| ||Bank interest||||1|1|| ||||||**42,732**|**42,732**|**29,136**| |4.c)|**Investments**||||||| ||Analysis||Unrestricted|Designated|Restricted|2021|2020| ||||£|£|£|£|£| ||Premises Letting||18,831|||18,831|12,866| ||Bank Interest||22|4,446||4,468|430| ||||**18,853**|**4,446**|**-**|**23,299**|**13,296**| |4.d)|**Charitable Activities**||||||| ||Analysis||Unrestricted|Designated|Restricted|2021|2020| ||||£|£|£|£|£| ||Ladies Breakfast|||130||130|235| ||Open House||||163|163|213| ||Flowers||20|||20|245| ||Mens Breakfast|||256||256|256| ||||**20**|**386**|**163**|**569**|**948**| ||||||||| 16 | P a g e |4.e)|**Other Income**|||||||| |---|---|---|---|---|---|---|---|---| ||Analysis|||Unrestricted|Designated|Restricted|2021|2020| |||||£|£|£|£|£| ||Photocopying|||10|||10|1| ||Catering||||||0|100| |||||**10**|||**10**|**101**| |**5. Analysis of Expenditure**||||||||| |5.a)|**Raising funds Pre-School**|||||||| ||Analysis|||Unrestricted|Designated|Restricted|2021|2020| |||||£|£|£|£|£| ||Pre-School|||||||| ||||Salaries|||34,055|34,055|| ||Staff Training|||||878|878|| |||Equipment||||172|172|| ||||Supplies|||615|615|| ||Use of premises|||||700|700|| ||||Other|||742|742|24,798| |||||||**37,161**|**37,161**|24,798| |5.b)|**Raising funds Organisations**|||||||| ||Analysis|||Unrestricted|Designated|Restricted|2021|2020| |||||£|£|£|£|£| ||Bookstall|||||324|324|483| ||Luncheon Club|||||-|-|881| ||Step Inside Coffee Shop|||||1,022|1,022|795| |||||||**1,346**|**1,346**|**2,158**| |5.c)|**Charitable Activities**|||||||| ||Analysis|||Unrestricted|Designated|Restricted|2021|2020| |||||£|£|£|£|£| ||Gifts to Mission - Note|6||2,252||5,578|7,830|13,401| ||Direct Church costs -|Note 7||64,415|13,019||77,433|40,800| ||Church support Organisations - Note|||8|490|312|802|540| ||Independent Examiners Fees|||858|||858|834| ||Professional Fees|||1,553|||1,553|1,306| ||Bank Charges|||130|||130|60| |||||**69,207**|**13,509**|**5,890**|**88,606**|**56,941**| |**6. GIFTS TO MISSIONS**|||||||2021|2020| |||||**Overseas**|**General**|**UK**|**Total**|Total| ||**From Missions Funds:**|||£|£|£|£|£| ||BMS World Mission||*|1,758|||1,758|2,914| ||Operation Agri|||1,595|||1,595|691| ||Baptist Home Mission|||||1,108|1,108|1,489| ||MAF|||555|||555|915| ||Release International|||563|||563|177| ||**Total via Restricted**|**Funds**||**4,470**||**1,108**|**5,578**|**6,186**| ***** includes £5 c/f from 2020 17 | P a g e ||**Overseas**|**General**|**UK**|**Total**|**Total**| |---|---|---|---|---|---| |**From General Fund**|£|£|£|£|£| |BMS World Mission|342|||342|1,357| |Operation Agri||||-|1,257| |Baptist Home Mission|||892|892|1,257| |MAF||||-|1,257| |Release International|188|||188|1,257| |Spurgeons Childcare|||230|230|230| |Spurgeons College|||350|350|350| |Retd.Bapt.Ministers Housing|||250|250|250| |**Total via General Fund**|**530**||**1,722**|**2,252**|**7,215**| |**Total Mission Giving**|**5,000**|**0**|**2,830**|**7,830**|**13,401**| |**2021:This total represents 10.9% of total incoming**||**resources(budgeted - less Pre-school**|||| |**& Gift Day)**|||||| |**2020: This total represents 16.9% of total incoming resources(budgeted - 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|**2021**
**2020**
£
£
25,722
10,271
79
563
2,204
2,385
2,293
1,279
8,122
7,507
14,504
2,427
221
323
862
686
1,496
1,628
1,550
750
4,775
2,347
1,006
921
2,435
2,016
11,324
7,124
839
573
77,433
40,800| |---|---| ## **8. Church Support Organisations** |Open House
Ladies Breakfast
Mens Breakfast|**2021**
**2020**
£
£
312
110
235
175
256
256
802
540| |---|---| 18 | P a g e ## **9. EMPLOYEES REMUNERATION** |||**2021**|**2020**| |---|---|---|---| |||£|£| ||Gross remuneration paid to all employees|49188|26984| ||Total NIC Employer payments|0|0| |**|Pension Deficiency Payments to BU|3695|2724| ||Employer Pension Contributions|1345|0| ||NIC ER(allowance April '19 - April '20 -£3000) used|0|1015| ||NIC ER(allowance April '20 - April '21 - £4000) used|141|188| ||NIC ER(allowance April '21 - April '22 - £4000) used|1575|0| ||The average numbers of paid staff were:||| ||Minister position vacant||1| ||Minister(from August 2021)|1|| ||Preschool staff (part time)|5|4| ||Administrator(part time)|1|1| ** The Church is a participating employer in the Baptist Pension Scheme ("the Scheme"), which is a separate legal entity administered by the Pension Trustee (Baptist Pension Trust Limited). The assets of the Scheme are held separately from those of the Employer and the other participating employers. The Scheme, previously known as the Baptist Ministers' Pension Fund, started in 1925, but was closed to future accrual of defined benefits on 31 December 2011. Prior to this date the main benefit provided through the Defined Benefit (DB) Plan was a pension of one eightieth of final minimum pensionable income for each year of pensionable service together with additional pension in respect of premiums paid on Pensionable Income in escess of Minimum Pensionable Income. Since 1 January 2012, benefits have been provided through a Defined Contribution (DC) Plan. A formal valuation of the DB Plan as at 31 December 2019 was carried out by a professionally qualified Actuary using the Projected Unit Method. At the valuation date the market value of the DB Plan assets was £298 million, whilst the level of assets needed to pay benefits was £316m, giving a deficit of £18m (equivalent to a past service level funding of 94%). The Church and the other participating employers in the DB Plan are collectively responsible for funding this deficit. The next actuarial valuation of the DB Plan within the Scheme is due to take place not later than as at 31 December 2022. Under the Scheme of Contributions, the church makes a monthly payment in respect of the DB Scheme deficit, currently £307.95, which will increase in line with increases in Mimimum Pensionable Income. The Schedule of Contrbutions foresees these contributions continuing until June 2026. The Church has been advised that the estimated cost for the church to buy out their Pension Scheme liabilities at 31st December 2021 was £41,300. 19 | P a g e FINDON VALLEY FREE CHURCH (BAPTIST) NOTES TO ACCOUNTS (continued) 10. TRUSTEES {tEACONSI REMUNERATION & EXPENSES 2021 2020 The total gross salary paid to Minister(from August 2021) Amounl of reimbursed expenses Accommodation allowance{frorn August 2021) Employer nalional insurance of £1,345 was payatAe on the Ministers salary. however the HMRC annual allowance was claimed which reduced the amount payatAe lo nil. 10,833 5,368 11. Restricted Funds Movement _ this year Fund 31.12.20 Transfews Receipts Payments 31.12.21 Krtchen Equipment ReSe￿e Organ Refurbishmenl Preschool Organisations Missions Totals 275 600 3.053 7.201 275 600 7.217 7.113 41.325 1.570 5.573 48.468 37,161 1.657 5.578 44.397 11.134 15.205 Restricted Fund$ Movement - la$t year Fund 31.12.19 Transfets Receipts Payments 31.12.20 'tchen Equipment Reserve Organ Refurbishment Preschool Organisalions Missions Totals 274 600 1.106 6,863 275 600 3.053 7,201 26.744 2.605 6.191 35.541 24.798 2.268 6_186 33.251 11.134 NOTE." All restncted fvnds are held in current assets 12 Deswnaled Funds l•knTement- Ihi5 year 31.12.20 Transfer& Receipts Payments 31.12.21 Fund Mens. Breakfast Ladies BreahJast General Reserve Building Fund Fabric and Renewal Outreach Totals 441 256 60.172 24.015 885 66.069 151,838 256 130 256 235 441 152 60.172 16,747 837 64.818 143,166 4,451 11719.2 48.16 1.251 13,509 4,837 201Page ## **Designated Funds Movement - last 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**| ## **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 Advent Books 24 Rowland Singers 75 Total 124 ## **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|31/12/2021
31/12/2020
£
£
21,526
34,452
3,695
-
2,724
-
79
563
609
-
10,765
-
**17,301**
**21,526**| |---|---| *Comprises any changes in agreed deficit recovery plan and change in assumption between year-ends. "there may be minor discrepancies in the totals if pence are not being shown" 21 | P a g e ## Open House (Parent and Toddler Group Ministry) Annual Report 2021 **----- Start of picture text -----**
Messy Church 2021
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22 | P a g e Preschool Report 2021 Sunday School 2021 23 | P a g e Youth Church 2021 ## ROOTED – Friday Evening Youth Work 2021 24 | P a g e ## 1st Findon Valley Scout Group 2021 25 | P a g e T.L.C. Ministry 2021 Step Inside Coffee Shop Ministry 2021 26 | P a g e ## Ladies’ Breakfast Ministry 2021 ## Men’s Breakfast Ministry 2021 **----- Start of picture text -----**
Home Groups 2021
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27 | P a g e ## BMS Birthday Scheme 2021 ## Flower Ministry Yearly Report 2021 ## Bookstall Report 2021 28 | P a g e – Blythswood Care Shoe Box Appeal 2021 29 | P a g e Summary of Safeguarding Policy Statement - - - - - 30 | P a g e