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||||||
|---|---|---|---|---|
|Contents||||Page|
|Trustees'|Report|||1-5|
|Report of|the Independent||Examiner|6|
|Statement|of Financial|Activities||7|
|Balance Sheet||||8|
|Statement|ofCash Flows|||9|
|Notes to the Financial||Statements||10-18|





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|Reference and Ad|Reference and Ad|ministrative|Information||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Charity name|||Chertsey Street|Baptist Church Trust|||||||
|Charity registration||number|1071401||||||||
|Registered|office||Grace<br>Church|Guildford,||c/o|Trust|Secretary,|Chertsey|Street,|
||||Guildford,<br>Surrey|GU1|4HL||||||
|Trustees and key management|||||||||||
|Personnel|||R SClarke||||||||
||||AJ Greedy (Honorary||Treasurer)||||||
||||K Green||||||||
||||H J Griffin||||||||
||||N Mistry||||||||
||||DJ Skull (resigned 25 September 2021)<br>J P Southcombe<br>(appointed<br>21 April 2020)||||||||



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|||||CHERTSEY STREET BAPTIST CHURCH TRUST|CHERTSEY STREET BAPTIST CHURCH TRUST|CHERTSEY STREET BAPTIST CHURCH TRUST|||
|---|---|---|---|---|---|---|---|---|
|||||||BALANCE SHEET|||
||||||AS|AT 31STMARCH 2021|||
|||||||2021||2020|
||||||Note||||
|Fixed assets|||||||||
|Tangible<br>fixed assets<br>Investments||||||2,234,641<br>131340||2,290,139<br>109317|
|||||||2,365,981||2,399,456|
|Current assets|||||||||
|Debtors||||||25,388|22,118||
|Cash at bank||||||862 534|213 192||
|||||||887,922|235,310||
|Creditors:|Amounts||falling||||||
|due within||one year||||( 4 000)|( 2 782)||
|Net current|assets|||||883922||232 528|
|Total assets||less current||liabilities||3,249,903||2,631,984|
|Creditors:|Amounts||falling||||||
|due after|more than one year||||10|(166000)|||
|Net assets|||||14|3 083903||2 631 984|
|Funds|||||||||
|Unrestricted||Funds|||11|270,171||230,977|
|Designated<br>Restricted|Funds<br>Funds||||11<br>12|2,234,641<br>579 091||2,290,139<br>110868|
|||||||3083903||2 631 984|





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|||FOR T|HE|YEAR ENDED 3|1STMARCH 2|021|||
|---|---|---|---|---|---|---|---|---|
||||||2021||2020||
|Cash provided<br>by/(used|in) operating||activities||||||
|(see below)|||||479,086|(14,977)|||
|Cash flows from investing||activities|||||||
|Payments<br>to acquire tangible<br>Investment<br>income||fixed assets|||4 256||(8,220)<br>4 839||
|Cash provided<br>by/(used|in) investing||activities||4 256|( 3381)|||
|Cash flows from financing||activities|||||||
|Receipts from new loans|||||166000||||
|Cash provided<br>by financing||activities|||166000||||
|Net cash inflow/(outflow)|||||649,342|(18,358)|||
|Cash and cash equivalents|at 1 April 2020||||213192|231 550|||
|Cash and cash equivalents||at 31 March||2021|862 534|213 192|||
|Cash provided<br>by/(used|in)|operating|activities:||||||
|Net income/(expenditure)|||||451,919|(59,788)|||
|Depreciation|||||55,498||47,299||
|investment<br>income<br>Unrealised<br>(losses)/gains|on|fixed asset|investments||( 4,256)<br>(22,023)|( 4,839)<br>3,370|||
|Increase<br>in debtors<br>Increase/(decrease)<br>in creditors|||||( 3,270)<br>1 218|(<br>(|906)<br>113)||
|Cash provided<br>by/(used|in)|operating|||||||
|activities|||||479 086|(14977)|||
|Analysis ofChanges<br>in Net||Debt|||||||
|||||At 1stApril|Cashflows|Non cashflows|At 31stMarch||
|||||2020||||2021|
|Cash||||213,192|48,530||261,722||
|Deposit with solicitor|||||600812||600|812|
|||||213,192|649,342||862,534||
|Interest free loans|||||~166000||~166000||
|||||213192|483342||696|534|





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|4|GRANTS|||||(continued)||||
|---|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Restricted|2021|2020|
||Missionary<br>support||||||134,278|134,278|148,872|
||Donations|||||13925|49692|63617|55 088|
|||||||13925|183970|197895|203 960|
||Grants made to further the charity's||||objects,|were as follows:|Number|||
||Association<br>ofGrace Baptist Churches||||||1|7,000|7,000|
||Christian<br>Institute||||||1||2,500|
||Christians<br>Against<br>Poverty<br>Friends<br>International<br>Grace Baptist Mission||||||1<br>1<br>3|2,000<br>2,000<br>9,328|2,000<br>2,000<br>10,300|
||Life Matters||||||1||1,750|
||SIM||||||1|26,401|35,835|
||Other institutional|grants|||||13|14,393|961|
||individuals<br>(UK and||overseas)||||24|136773|141614|
|||||||||197895|203 960|
|5|STAFF COSTS|||||||||
|||||||||2021|2020|
||Gross salaries|||||||155,803|150,984|
||Social security costs|||||||12,030|11,144|
||Employers<br>contribution<br>to defined|||contribution||pension schemes||12,338|15,794|
||Other costs|||||||7 213|5485|
|||||||||187384|183407|





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|For use by the charity||||
|---|---|---|---|
||Freehold|Fixtures||
||land &|&||
||buildings|Fittings|Total|
|Cost||||
|At 1st April 2020|3,224,604|63,006|3,287,610|
|Additions||||
|At 31st March 2021|3,224,604|63,006|3,287,610|
|Depreciation||||
|At 1st April 2020|946,852|50,619|997,471|
|Charge for the year|51,792|3,706|55,498|
|At 31st March 2021|998,644|54,325|1,052,969|
|Net book value||||
|At 31st March 2021|2,225,960|8,681|2,234,641|
|At 31st March 2020|2,277,752|12,387|2,290,139|



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|COIFInco|me Shares|||
|---|---|---|---|
|||2021|2020|
|Fair value||||
|At 1st April|2020|109,317|112,687|
|Unrealised|gain/(loss)|22,023|(3,370)|
|At 31st March 2021||131,340|109,317|





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|8|DEBTORS|FOR THE YEAR ENDED 31STMARCH 2<br>(continued)|021||
|---|---|---|---|---|
||||2021|2020|
||Income tax recoverable||15,936|18,112|
||Other debtors||1|62|
||Prepayments||9,451|3,944|
||||25,388|22,118|
|9|CREDITORS: Amounts|falling due within one year|||
||||2021|2020|
||Accruals||3,432|2,701|
||Other creditors||568|81|
||||4,000|2,782|
|10|CREDITORS: Amounts|falling due after more than one year|||
||||2021|2020|
||Loans||166,000||
||||166,000||



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||||Balance as at||||Balance as at|Balance as at|
|---|---|---|---|---|---|---|---|---|
||||1stApril|Income|Expenditure|Gains on||31st March|
||||2020|||investments|Transfers|2021|
|General<br>Fund<br>Designated<br>funds:|||230,977|413,913|(256,963)||(117,756)|270,171|
|Chertsey|Building|Fund|2 290 139<br>2 521 116|413913|( 55498)<br>(312461)||- <br>~117756|2 234 641<br> 2 504 812|
||||Balance as at||||Balance as at||
||||1stApril|Income|Expenditure|Gains on||31stMarch|
||||2019|||investments|Transfers|2020|
|General<br>Fund<br>Designated<br>funds:|||240,410|395,722|(268,796)||(136,359)|230,977|
|Chertsey|Building|Fund|2329218<br>2569628|395722|( 47 299)<br>(316095)||8220 <br>(128139)|2 290 139<br>2 521 116|





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||2021|2021|Tangible|Tangible|Fixed|||||
|---|---|---|---|---|---|---|---|---|---|
||||Fixed||Asset|Long Term||Net Current||
||||Assets|Investments|||Liabilities|Assets|Total|
|Restricted|funds||||131,340|||447,751|579,091|
|Unrestricted||funds:||||||||
|Designated<br>funds|||2,234,641||||||2,234,641|
|General||fund|||||(166,000)|436,171|270,171|
||||2,234,641||131,340||(166,000)|883,922|3,083,903|
|||2020|Tangible|||Fixed||||
|||||Fixed||Asset|Net Current|||
|||||Assets||Investments||Assets|Total|
||||||||E|||
|Restricted|funds|||||109,317||1,551|110,868|
|Unrestricted||funds:||||||||
|Designated<br>funds||||2,290,139|||||2,290,139|
|General||fund||||||230,977|230,977|
|||||2,290,|139|109,317||232,528|2,631,984|



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