Reigate Baptist Church Report and Accounts Year ended 31 December 2020 Stewardship Active8enerosity 1 Lamb'8 Passage, London ECIY 8AB v.stewardship.org.uk
REIGATE BAPTIST CHURCH CHARITY INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2020 Trustees lan Curry Margaret Thomas Dr. John Eglinglon Glenn Hiichfield Key Stati Mike Williams Louine Berry Senior Pastor Church administrator Governlng Document Deed of Trusl dated 30th oober 1998 Charity Registration Number 1072718 Principal Address Sycamore Walk Reigale RH2 7LR Independent Examlner Archie McDowall Stewardship 1 Lamb's Passage London EC1Y 8AB Bankers CAF Bank Ltd. 25 Kings Hill Avenue West Malling Kent ME194JQ Contents Charity Information Trustees. Annual Report Independent Examinerfs Report Statement of Financial Activities Balance Sheet Cashflow Statement Notes lo the Accounts Detailed Statement of Financial Activities with Comparatives Page 10- 11 12-20 21 P*1
REIGATE BAPTIST CHURCH Sycamore Walk Reigate Surrey RH2 7LR Trustee's Report for the year ended 31 December, 2020 Objects of the Charlty- Principal Activities and Or8ani5ation The church 15 coristituted by a Oeed of Trust dated 30 ottober. 1998 and is registered with the Charity Commission under reference 1072718. The objects of the Trust are to advance the Christian faith to relieve hardship and to promote and fulfil such other charitable purpose5 beneficial to the community in the County of Surrey and in such other parts of the united Kingdom or the World as the Trustees think fft. The principal activities carried out in pursuance of these objectives are set out below. The Trustees who served throughout the year are Mr. lan Curry. Mrs. Margaret Thomas, Dr. John Eglington and Mr. Glenn Hirchfield. The appointment of new Trustees is governed by the Trust Deed. which require5 3 resolution of the majority of church members voting at a duly constituted church meeting. Financial Revlew The total incoming resource5 for 2020 totaled £418,(KKI (which includes Foodbank donation5 in kind of £32,0(K>I12019: £609.(. Foodbank donations in kind=nill. This produced rbet outgoing resources for the church of £26.00012019= incoming £200,[). Income was lower in 2020 cornpared with 2019 because of a large gift received in july 2019, and also the effect of COVIt>19, which prevented the church meeting physically and prevented lettings for a large part of the year. Fund balance5 carried forward amoEtnt to £2.139.IX(I. Review of Actl¥lties Worshfrp ond Proyer At the beginning of the year and under normal circumstances all are welcome to attend our Sunday morning and regular evening prayer services as well as our Easter and Christmas 5ervice5. There are presently approximately 213 active members of the church a5 well as 10-15 awaitln8 member5h&p at our next church meeting. Before COVID-19 our Sunday morning attendance was about 300 adult5 together with children and teenagers attending several age-group meetings, however in accordance with government guidelines physical service5 were not held from March 2020, and seryices held online. In line with government guidelines, meetings recommenced in the Summer and on Sunday morninB5 approxlrnately 65 adults attended socially distanced meetings with others watching online. Additionally, our regular weekty meetings were afferted by COVID-19 as follows- Connect Ihou5el groups- meeting orbline. WAGS IA"Wednesday Afternoon Group" for retired peoplel- not meeting. Men's Bible Study Group- Meeting online. Sisters in Christ (Ladies group which meets twice a monthl- not meeting Coffee Moming - not meeting Church Prayer meeting- online.
Children and Youth groups- Meeting online. Outret7ch and Community During 2020 our outreach projects were affected by COVID-19 as follows: Events held= 200 children's Actiwty Advent Boxès were given out to l(Kal families. Carols by candlelight yeèrly outreach where we went out to the local community with carols etc. Children5' Christtnas Nativity event- welcomed 500 families in a Walk through Nativity show outdoors. Shoe Box appeal for Romania- completed with over 20 boxes collected Christmas Hampers were distributed to needy households in the local community Food Bank- conttnued throughout lockdown Christian counselling- continued online with a few meeting on the premises Youth Drop-ln. an after school group for local school children- moved to the park to accommodate Covid-19 restrictions Befriending calls during the pandemic= volunteers offering to befriend local community members who were isolatinglshielding or needing grocery deliveries. Events continued online.. The Alpha Course met online for a live stream and Q &A Christmas Carol Service. was held online and ISO~Gifts in a BO were given out to local church and cornmunity member5. Knit Club, a craft gTOUP for members of the church and the cornmunrty- continued from home Events cancelled during COVID.. Marriage Seminars- not meeting Parent and Toddlers Group Winter Night Shetter Surnmer fun day did not happen in 2020 Summer Holiday Club for local children did not run in 2020 During the year, the Foodbarbk run by the Renewed Hope Trust was transferred to Reigate Bapt4St Church at no cost. In March 2021 this was transferred, also at no cost. to a new charity, Open Hands. Government guidance relating to cointk19 has been followed lor all events and full Risk A55essments carried out. Use of the Church Building The church building is generally used extensively for outreach and community event5. Private letting reduced considerably after the COVID-19 restrictions began. Users include.. Surrey County Council (mostly for training in education) Babcock Im05tly for trainin8 in education) First Community Health Alcoholics Anonymous The National Blood 5etvice Jigsaw (Charity for children who have lost a sibling) Citizens Advice Bureau TASR IThe Art5 Society Reigatel
Rotary Club Reigate School East Surrey Clinic31 Commissioning Group SEND Ispecial Education Needs & Disabiliryl R&BCC (Reigate & Banstead Borotsgh Councill SWRV Isurrey Welfare Rights Group) Sandcross School Moonhall School Warwick School Pilates classes Mission 24 Evangelism Trnining Course The only bookings that we were able to accomm¢)date during the pandemic18iven the restrictionsl were= The National Blood Service First Community Health (mostly for training in vital healthcare) Mission 24 Evangelism Training Course In planning the activities, the Trustees have had regard to the guidan on public benefit issued by the Charity Comrnission. Achievèments and perfomian The preaching and teaching on Sundays and in the Connert Groups enabled members of the congregation to increase their knowledge of God and in the practice of their faith. The prayer rninistry team prayed foi those who requested it arhd this piowded help and comfort for these respondents. In the Youth Work about 11>15 young people continued to meet online each week Grant Making Policv The church tithes approximately IO% of its gross unde5ignated fund giving to Christian organisation5 and Individuals agreed by the leadership. During the year significant gifts were made to.. Sparkfi5h for work in local schools Peru Missionaries Anchor Counselling Services The South East Bapt15t A5ciatIon Renewed Hope Trust Barnabtjs Fund Dnipro Hope Mission Future Developments and Funding There 3re currently no commitments foi future major capital expendit(tre. Governance and Management The Trustees are required to Meet at least once in every year and in prattice do so as often a5 necessary for the proper m3nagement of the Trust. Four ordinary member5 meetings are Scheduled each year, together with occasional extraordinary meetings dedicated to particular matters. The Trustees review remuneration of all Staff. including the Pastor, annually. Thi5 is done with 3 view to the level of responsibility each member of staff ha5 Wlthin the chh. Salaries are also reviewed with Pa9e 4
re8ard to the current rate of inflation. The Trustees have attended various Seminars and training courses relevant to the role of Trustee. Decisions as to the day-to-day pastoral work of the church are made by the Eldership. two of whom are a150 Trustees. but referrin8 to the Trustees in all Financial and Legal matters, including staff appointments and development w¢thin their roles. Risk Mana8ement The Trustees and Elder5 have examined the major strategic busine55 Operational and legal ri5k5 that the church faces. The Trustees confirm that to the best of their knowledge and belief suitable 5y5tems and rneasures are in place to monitor, manage and mitl8ate these risks appropriately for the benefit of church members and other users of the premises. In particular the main risks identified are.. The possibility of person31 accident daims being made against the church. The Trustee5 Itogether with the Elders) have ensured that proper and regular Health and Safety reviews are carried out for the premise5 and its, users. and all recommendations considered. and implemented where relevant. Loss caused by theft or financial fraud. The Trustees have ensured that procedures are in place concernin8 the cash offerings and all payments made to and by the church to reduce the risk of misappropriation. Danger to youth and vulnerable adults due to Safeguardirbg issues. The Tfustees have ensured that there 15 a relevant Safeguarding policy in place, ensuringthat all those involved with vulnerable individua15 are aware of. and have had. the necessary training. Losses caused by accidental or malicious damage to the church's assets Inamely the church buildin& any ancillary structures and No. 16 Sycamore Walk). are mitigated by obtaining adequate insurance lat competitive market rate51 against these risks and others. Reserves policv The trustees have determined that the charity should aim to hold unrestricted cash of no le55 than £60,000 (which equates to 1.5 months of unrestricted expenditu1. However the Trustees remain confident that the current reserves are adequate to meet the operations on a day-by-day basis given that the on-8oing month-ttrmonth cash reserves are at a hiEher level than that showrb in the balance sheet. It has now been decided not to continue wtth the proposed extension to the church building in the foreseeable future. therefore reserves are currently at a higher level than experted. This ha5 been useful because of the reduttion in income in 2020 due to the effetts of cov119. Measures to safeguard against urhauthorised expenditure and to monitor income are constantly reviewed to ensure funds are ri8orously proterted. io. Statutory Obligations The Trustees and Elders have examined the relevant statutory requirernents in respect of antidiscrirnination, the protection of vulnerable individuals (including childrenl. health & safety. and data protettion. The Tr¢Jstees confirm that to the best of their knowledge and belief the church complies with these obligations and does so in conformity with the objerts of the Trust. ii. Responsibilities of Trustees under Charity Law P*Je 5
The Trustees are responsible for preparing the Trustees. Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Chartty law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company as at the balarhce sheet date and of it5 incoming resources and application of reSoUrs. including income and expenditure. for the rinancial year. In preparing these financial Statements, the Trustees are required to-. select suitable accounting policies and apply them consistently- observe the methods and principle5 in the Charities SORP.. ake judgements and estimates that are reasonable and prudent- state whether the applicable accounting standards have been followed. subject to any material departures disclosed and explained in the financial statements- prepare the financial statements on a going concern basi5 unle55 it is inappropriate to presurne that the charity will continue in operation. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable thern to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguardsng the assets of the charity and hence for takin8 reasonable steps for the prevention and detection of fraud and other irregularities. Iz. Bankers The TnJ5t's principal banker5 are CAF Bank Limited. 25 King5 Hill Avenue. King5 Hill, West Mallin& Kent. ME19 4TA. 13. Independent Examiner The Trust's independerbt examiner is Archie McDowall. Stewardship Seivices. l Lamb's Passage, London ECIY 8AB Thi5 report was approved by the Twstee5 of Rei8ate Bawist Church on z6/7/ziand 518ned on their behalf by.. lan Curry. Tluste Date
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF REIGATE BAPTIST CHURCH (Ihe Charity.) I report lo the charity iruslees on my examination of the accounts of the Charity lor thg year ended 31 December 2020 on pages 8 to 21 following. which have been prepared on the basis ol Ihe accounting policies set out on pages 12 and 13. Responsiblliligs and basls of report As Ihe charil*s Iruslees ol the Trust you are responsible for the preparation ol the accounts in accordance with the requirements of the Charilies Acl 2011 I'lhe Act'l. I report in Tespecl ol my examination ol the Charity's accounts carried out under section 145 01 the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under seetion 14515llbl ol Ihe Act. Independent examiner's stslement Since the Charity's gross income exceeded £250.000 your examiner musl be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination becaLJse l am a member ol the Institute ol Chartered Accountants of Scotland. which is olle ol the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause lo believe: 1. accounting records were not kept in respect of the Cha¥tty 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 wtth the applicable requirernenls concerning the forffl and content of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 olher than any requiremenl that the accounts give a l¥ue and lairf view which is not a matter consideled as part of an independent examination. I have no concerns and have come across no olher mallers in Connection with the examinalion to which attention should be drawn in ihis report in order lo enable a proper understanding ol the accounts lo be reached. Archie McDowall Institute of Ghartered Accounlanls of ScotlarKI 19 August 2021 Stewardship 1 Lamb's Passage London ECIY8AB Page 7
REIGATE BAwnsT CHURCH STATEMENT OF ANANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020 Total Funds 2020 Total Funds 2019 Unrestricted Funds Restricted Funds Note INCOME AND ENDOWMENTS FROM: Donations and legacies Charitablg a¢tivities Other trading activities Investments Other in¢ome 331.911 3,621 30.725 251 34,503 16,927 348.838 3,621 30,725 251 34,503 516.799 9,358 82,071 236 465 Total Income and endowmenls 401,011 16,927 417.938 608,929 EXPENDITURE ON: Charitable activities 439,009 1,784 440,793 448,136 Total expenditure Net Incomellexpendlture) 439.009 1,784 15.143 440.793 448,136 160,793 137,9981 122,8551 Tr•nsf•rs between funds 17201 720 138.7181 15.863 122,8551 160.793 Actuarial gainslllossesl on defined benefit pension schemes Other gainslllossesl 16 13,1551 13,1551 39,390 Net movement In funds 141.8731 15.863 126.0101 200.183 Rèconciliation of tunds: Total funds biought forward 2.163.885 1.400 2,165.285 1,965.103 Totsl lunds c8rrled fon¥ard 17 2,122,012 17,263 2,139,275 2,165,285 The statement ol financial activities includes gn$ and losses rec(*Jnised in the year. All income and expenditure derive from continuing operalions. The notes on page 12-20 form part ol these a¢xounts. PwJe 8
REIGATE BAPTIST CHURCH BALANCE SHE FOR THE YEAR ENDED 31 DECEMBER 2020 Total Funds 2020 Total Funds 2019 Unrestri¢ Funds Restrie Funds FSXED ASSETS Tangible assets 2,063,725 2.063,725 2,082,343 2,063,725 2,063.725 2,082,343 CURRENT ASSETS Stock Debiors Cash at bank and in hand 10 390 10,135 208.562 10.135 191,299 10,759 227.209 12 17.263 201.824 17,263 219,087 237,968 CREDITORS= Amounts 18lllng dua wlthln one year 13 120,5991 120.5991 125,9001 Not eurr•nt as$ets I Illablllties} 181,225 17.263 198,488 212,068 Total assets less current 118bllltles 2.244.950 17.263 2.262.213 2,294,411 CREDITORS: Amounts falling due after morg than one year 14 128.7381 128.7381 133.6261 Nel assels I Illabllltles) oxcluding penslon asset I Illablllty) D•fined b8neflt heffle asset I Illabllltyl 2.216,212 17,263 2,233,475 2,260,785 16 194.2001 194,2001 195,5(101 TOTAL NET ASSETS 2,122,012 17,263 2,139,275 2.165.285 FUND BALANCES Unrestricted Funds General funds 17 2.122.012 2.122.012 2,122,012 2.122,012 2,163,885 2.163.885 Rèstricted Funds 17.263 17,263 1.400 2.122.012 17,263 2.139,275 2,165.285 Th& financial staiements were approved by Ihe Board ot Trustees and were SMJned on its behaw by: Date 16 J(Al y 2021 lan Curry. Trust Chaiity number: 1072718 The notes on pag part of these accounts. Page 9
REIGATE BAPTIST CHURCH FOR THE YEAR ENDED 31 DECEMBER 2W20 CASH FLOW STATEIAENT Noie 2020 2019 Cash Ilows trom 0r*Ing aetiviliès: Nel c8sh provided by (us8din) operating activilies 2,383 227,100 Cash flows from inv•$iing O¢1ivitie$: Dividends, interest and r8nts from investments Purchase of property. plant and equipment Alel oash proded by/(used In) Inwestlftg aetlviliès 251 7,203 6,952 236 43,372 43,136 Cash flows from flnancong aetlvltl8s: Repayrnents of borrowing Payments made lo BU loardS perLsion defKxi Net cash prOvId by/(used in) financing xlivilws 14.8571 4,455 9,312 14.8241 5,812 10.638 Change In cash and equlval•nts In lh• rwrtingperiod Cash and equivalents at the beglnnlng ol the year 118,6471 173,328 227.209 53,881 Cash andcash equivalenls at the end ol th• y 208.562 227,209 Analysls ol ehang8s in ne¢ debl: At start ol y8ar At end of year Cash.flows Cash 227.209 118,6471 208,562 Bank loans-. Falling due wthin one yeaf Falling due after one yea Finan lease obligations.. Falling due wthin one year Falling due after one year Total net fund5 1 Idebtl 14,0001 112.0001 14,0001 18.0001 14.0001 18541 121,6261 31 18881 18851 120,7381 188.729 23,504 174,939 Page 10
REIGATE BAPTIST CHURCH FOR THE YEAR ENDED 31 DECEMBER 2020 NOTES TO THE CASH FLOW STATEMEKr Notg o: Reconciliatlon of net Ineom•l{èxpendilurel to net cash now from oprating activili 2020 2019 Nèt incomel(expendiIuj for th• r•porting peiiod (as per the stalement ollinanci81 actlvltlès) Adlustmènts for: Depreciation charges and provisK)ns for impwrrnenl IGainslAosses on investments Dividends. interest and rents from investments Increaselldecrea581 in defined tenefit penSn liabilty Ilncrga5elldecrease in siocks Ilncreaselld8crea5e in debtors Increaselld8crÈasel in credrtors Nel G8$h provlded by (u58d Inj operallnll actlvlll•s 126.0101 2.183 25.822 27,510 12511 3,155 13901 624 15.3331 12361 139,3901 23,062 15,972 12.3831 227,100 Note b: Analysls of eash and cash equl¥al•nts 2020 2019 Cash at bank with immediate a$5 Notice derrt)sits Iwtth a term of three rTr)nths or la&%) Petty cash 108,162 100,250 150 127,059 100,000 150 Totol cash and Cash equivalents 208,562 227.209 811
REIGATE BAPTETCHURCH NOTES TO ThÉ ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 20 Statutory Irrforrn4tlon The charity is a Irusi registered with the Charity Commission in ErwJlaTrJ & Wales. The chadtls registered number and principal addre55 Can be found on Ihe Chatity IntorttIiD page. Arcounting Policl8s These finartial ststèments are wepared on a (XYM bags, urKleithe historical cost oJnvenDon. These Thnandal ststem&nts have teen wepar&1 in a0))rda the ElatenI of Recommended Pracb¢e". Ac¢ountinq and Reporting by Charities preparing lhr accounis in ac£ordarte ith Ihe Finanual Reportiry Siandard applble in the UK and Republic of Ireland IFRS 1021 IlhÈ Charibes SORP"). ¥Jith the FInaral Repong Starxlard applicable in the Uni18d Kingdom and Republic of Ireland I"FRS 102.1 aTrJ 1h the Charthes Act 2011. The chanty meets the defiThtron of a public benelil entity as s81 out in FRS 102. The Charities (Accounts and Reports) Regulalions 2W8 Ithe .2008 Re9ulations'l requires charities le prepar8 their ac(x)unts in accordance with 'Accounling and Ren0 by Charities.. Slaterrwil ot RecommerKled Practi effeciwe from 1 April 2005. bui this accouniing standard has since been Wlhdrawn antl has been replaced by Ihe Charibes SORP mentioned in the precedino paragraph. The charity has prepared these linancaal SteMentS in accor(larKe ilh th8 new Chatibes SORP.. this departur8 from Ihe 2008 Regulations is befjeved to be necessary for Ihesè fintinti strternents to give a aThl lair eY#. The principles adoptecs in the preparatiw of the firal statements are setout bek)w. concern The Irus18es have assèssed whether Ihe use ol Ihe goiw corKern basis is apprwate 8t have considered possible evÈnts or nditions thai might cast nitiGant éoubt on the ability ol IhÈ charity continue as a going Ix)nGem. The tru51ees have made this ass@ssmÈnt lor a period of ai least onè year from the dai8 ol approval ol the finaroal stsi&ments. In particular the Iruslees hav8 Consered the tharitys forecasts and projbons and the FOble impli(abons should projected iwme and l or expenditure vary un&xpèctedly. The Irusiaes hav& tttncludeLI that Ihere is a reasonable expeciation thai the charity has adequate resourtes to conbnue to OP8rate lor lh8 forewab fthure. The tharity thefOre conlinues to opi the goiry corKern ba& in preparing its finanaal slaternenis. In [nang this assessment the trustees have fxjn9kn the irrw of Co-19 arKI have conduded thai irnpact on net Income 11 not be material. bl Income Incorrt intludirpJ investment income 15 recc¥ni in thè peritKI in the dwity becomes entild to reIpt, the amount receivable can be measureLI wlh reasonatAe certwnty. and reriN is probthe_ For thè most part. inwme is generally recognised when it 15 received. Income is ontydelerrèj when Ihe charity has to lulfil )[bOn5 télore beeotnitjg entil8d to it orwhere the donor has speafr'ed Ihatthe incorD8 is to be exp in a future Fer11. IncorM Ir¢m donations and 8¢le% ind. Recoverable glft aid. This 15 reojgnised when the rekied donabon is receiv8d. GM aid that has not been rÈ¢t)vered by th8 banCe sheet date is included as a debtor. The charty relies on volunteers to carry oui many Df tts aCeS. However. in aoxrdancÈ th Ihe SORP, the yUe cf th8S8 services has nol been Indudad in these finarKial Sklemerits as tWc8nnDt bg reliabty Measu1. When donaied goods, semces an(J fa(allOes are Oi5tnt%na1 or cOnsurr. an expense in respect of Ihose items is indu¢5ed in the Statèment cl Financial Activitie5. Ai the year any gOS Ihat have not been distributed or consurned are recognised as Income Irom charitsble activie$ represents income rKe1vale from seryic85 and farilibes suwied In furtherancg of the charity's charitsble objects. ll irtlut1e5 income from ¢hurch events. Incotne from Olher trading actvtb8s represents irthme receivable from athibe5 uTrJertaken to gfyngrate fund& for Ihe charity. 11 wmarily income receNed from prorrty renws. The charity has taken the e thal it has onty one charitsNe actsvity. llarnely thÈ advarment of the Chrisban falih. and al incom8 from donabons, legaeS arKI tharItab acbvibes 15 in respect ol this one actity. Èndilure Expenditure, including irre(x)verabb VAT, is rerngnis•J vthen it is uKurr8d or. H earlier. OT wnstnjctive oblKJabOn for a payment ari8es promded Ihai st is wrt*able thal sethemeni will b8 required a1 the amount of cèlsgation can be measured Pwe 12
REiGATE BAPTIST CHURCH NOTES TOTHE ACCOUNTS FOR THE YEAR ENDED 31 DECEIIBER 2020 The charity makos grants to other institUDons aTh1 ITh1ividuaL% to further its Charitse objectives. Grants payable are recognised as Constructive obltqations adse, whth 15 generally when Ihe ctharity expSSeS a commrtmeni io Ihe recipient that can bo Tn&asured rellably and Ihen only lo Ihe eeni thai anycoTra0ns a$$D(xa Ihe grani are ouisidÈ ol the control ol the charity. Tho Charfties SORP requires ch8ri08s th irtome over £SQO,(KK) ¥kncai8 eosts to the various aciwDes rartaktn by the charity. The nature ol Ihe worf4 01 the church is conshaered to so Integrat that the core charitable acbvity costs are considered io bè for Ihe one activty. Governante C0$15. which are Ined in expendiiure on Chari aCtitieS bul are identifd separately in the noles 10 ihe accounts. Sncludes tos15 associated Wilh the indepÈrxlent examination of the finan(aal Statements. Complian vKth Gonstilutional nd statutory requirements and anyolher exp8Tr1iture InCued on the sIrats managemeni of the charny. dl FurKI acctr General funds are unrestrict lutKls %YhKh ar8 avaiLthe for use at the ts¢reOn ol the trt5tees in furtherance ol the general obj8Clives of the tharity. Degnated lunds comwse unrestrithed fur5 that have been s81 aside by Ihe Irust88s lor particular purposes. Thertr are no designatsd lunds as ai the year end. Resirlcied fuThJs are ¢Jonaiicns which are to be useLI in accLYdance with speatic rostriclions imFX)sed by donors.. they indLKle donatior6 receNed Iroffl aplS lor speufic actsbe5 or projects. ible fixed a ems purchased or donated for thè thar4V5 use are caFttii when Ih? co of purthased It8L8. or the far val tsf donated items, is molè than £500 and Ihe item is expect8d lo benefii the charity over more Ihan one aiwunting pariod. Depreciation Is charged on a straight Itne ba>s so as 10 lte (lo value ol each asset to its estimated regdual value (if any) over ils Èxpected 5eknl economlc Ilfe. To a¢hieve this owve the fotbiThJ rates ol deprÈ(aatson are charged." Freeho1 land Is [depreaied (la li is rKJl consumed by usel Are not depwaied on the grourK15 thai they have very lory useful lives and Ihe assets 11 be mwntained in suc condition Ihat there residu YUeS are not maierially diHÈrenl from Ihe amounts showTr in balatKe sheet. Cer 4 years FreehohJ build1rS Equlpm8nt The carrwng valu&s of tangib lixed assets are rleed for imwrment in Fents Tkn events of thanges in rCumstanceS indicate thai th8 caryng vdue may not bè recovera0. 11 P8nsi me arran èm The charity is a paricipating 8myoyer in the Bapb"st Union Penwon whth. prior lo Janu2ry 2012. was a multi-èmployer defined benefit pÈnwn scheme. The charity is Unab to Kjenbfy its Sha of this scheme's assets ar liabililes therefore. as permnt8d by FRS 102. the enb.re schÈme is bwThJ Ireated as rf it were a defined rA)nlribuDon schttne. The lasi actuarial valuation Indicated Ihai the obligation lo provide delin& iEneliis gives rise ID a luThJirMJ def1 and the charity, along th other parbcxpating 8mployÈr5, must rnake adrIana1 nbur$ to remeéy the defyt. The 019aOn to make defiLXi reduction conlribulions In lulure y88rs has been induded as a liability in these linanoal statements. Further tn10rynan alx>ul this d8fioed benelils schem?. and the ¢hariVs ol08110n to contribuie towards it5 fundiryJ defirat. isdiscWd el&efiere in the noies 10 Ihe% accounts. The charity ha5 taken advanrage ol the v8Th) refts from tsxation awdIlab 10 Chartbes aTrJ nr trx is payth8 on the ¢haritys iOm. hl The charitys tinancial assets and finandal 1iaixl all quahfy as basic finantsal instruments, 85 defIr by FRS102. Excepi for loans, creditors and detslors are measured at their expected seldement value (normally the amount of cash that the charrty expects to pay or r8ceivÈl. The charity recognises liablities for the wpaI of those loans thai [ainS outstanding at Ihe year 8nd li.È. Ihe lia&it5 exdude any interest thargeatAe on the k)arts rn Ire >arsl. ntin 8Slimate nd areas of. meni In preparing financial stslements judgemÈrts. esb"mates and assumptions have to b& made that affect the amourns recognised in Ihe lin3ncial stsiements. Th8 Irusiees tA)nsder Ihe following to signifiBant= 11 The annual depre(iation charge lor woperty. plant atKI equipmerf is senb9 to chawes in aslmaies for useful econotnic 1Sle and restitiual value. These estifflates are reasses1 annually arKI. when n8cÈ55ary. adjusted lo reflect current arcumsiancÈs_ Page 13
REIGATE BAPTIST CHURCH NOTES TO THE ACCOUNTS FOR ThE YEAR ENDED 31 DECEMBER 2020 Donatlons and fegacl•s 2020 2019 Donations of cash aTrJ milar Donaiions in Legac receivable Income lax racoveratA8 268,037 32.390 336,559 125.000 55.240 516.799 48,411 348,838 Income from charltsbl8 actMtSes 2020 2019 Church retreats and 8vents 3.621 3.621 9.358 9.358 Income from other Iradiny ¥¢ti¥il 2020 2019 Rtrntal in(x)me 30.725 30,725 82.071 82.071 Other Income 2020 2019 b Reteniion Scheme grant Insurance claim Othèr tlli5Gellan8ous ir£ome 17,505 16,723 275 34.503 465 465 Charitllblg exp8ndrture 2020 2019 Co$ts Incurred dlrectty on spe¢rfir ?clivlt Ministy Minisler5' skff costs Training and conference& Minister5. housiry costs Extemal speaker$ Youth and children Church events & courses her ministry costs Buildings siaft costs Ulllity Costs Cleaning Rfypairs and mainterw8 Costs of letting Other bU11n9S tosts Ouireach Evangelism and events terature and publioty Foodbank- donations In e¥F4nsed Gfants (see nol& 6cl 136.982 793 16,592 2,050 10,842 147,426 4.665 18.467 2.825 18,497 1,661 15,780 12.247 69.625 13.589 1.660 14.393 2,075 1,219 52,331 15,897 13,253 14.664 10.010 2.630 6,655 2,460 32,OOD 25.108 348.288 13.347 4.940 18.882 355.284 Cosls Incuryed on support & admlnlstrAtI Governance casts Independent examiners fee 4,680 4,680 5,815 5.815 Staff costs TranstKrt Catering OflicÈ running expenses Equiprnenl. repairs aThY maintenar Depreualion Insurat Mortgage Intergst Miscellaneous 32.816 193 2.037 6.349 11,005 25.822 5,722 S70 3,211 3Q.390 742 6,307 7.839 4.088 27.510 6,247 3.146 92.505 Tol81 expendfjture 440.793 44B.136 The lee payable lo indepÈrKlenl e%affHner for prepariw and examiniThJ Ihe ac¥>)unts was r4,44012019'. £4,80CtI". no olher fees w&re payable to Stewardship for 4ny Olher servi$ WO¥K*ed. P•3e 14
REIGATE 8APTSS7 CHURCH NOTES TOTHE Accoupirs FOR THE YEAR ENDED 31 DECEMBER 2tr20 Grant5 pHyllble In5tUtIOnS IndIdual8 2020 Gran15 for UK and oversea5 mission Grants for the reliel ol poverty 6,000 500 6,500 15,844 9.262 25,106 8.762 18.606 The comparalnies lor th8 previous year ala as lollows: Inslitutions Indiiduals 2019 Grants for LJK and oversea5 mission Grants lor the relief of poverty 10.200 3,275 13,475 5.181 226 5,407 15.381 2.501 18,882 The charivs prinupal grants 10 inststubons coftysed: 2020 2019 SparfLfish Street Pastors South East Baptist Assoc4ation Renèwed Hope Trust Dnipro Hope MissK)n Barnabas Anchor Faodbank Earlswood Baptist cornmUnY Debt AthK Grants to institijtitins lor le55 Ihan £l.OCQ each 4.500 150 1,000 s,000 1,000 1,000 2.000 1.784 4,500 1.500 1.000 1,QOO 1.000 1,000 3.475 2.172 18.608 13.475 Anatysls of si•fl the cogt of key Manageftrt pBrsonnEI and trustee remuneratiDn and expenses 2020 2019 Gross wages and ae5 Soaal securfty P8nsion cosrs 213.938 11,335 13,638 238,910 211,689 15.582 14,140 241.411 The average rnonihly numtr of employe85 duriTrJ Ihe 17 12019= In. Most of chariV5 actiwties ar8 tarried out by voluntsers. During Ihe year the church's key managemenl were Ihe Sen( Pastor arKI Ihe Church Administratof. Th8 total employment benefits (exclLIng houwng allewancel IDI those members of staff *re £57.11512019'. £49.8181. In addthon the chadty IncUed exwnditure ieialling r16.592 12019.- £18.4671 in respea ol Ihe tiistotnary prowsion of accomtnodahon lo Mike Williams. who 15 a merntÉr of key managerrtenl. so Ihat they could belter perform thèir dubes. This total indudes th8 paymeni ol a houyng albwance 01 £14.412019: £14.4(Y)l admirti%tered though lh8 payroll. No Irusiees orcunn8 parttes 8rrptynent benÈfits in eittthe currentor precdtng yaar. Page15
REIGATE BAPTIST CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 201YI Tanglble flxed llssets Chu FreeboKI Property Furniture Freehohy Property Toial 2020 eouipmeni Cost Al 1 January 2020 ALILfilions At 31 December 2020 1.796.445 238.446 230.932 7.203 238.136 2.265.824 7.203 2273.027 1,796.445 238.448 Accumulaied depreciation At 1 January 2020 Charge lor the year At 31 December 2020 183.480 25.822 209,302 183.4BO 25,822 209,302 Nel ix)ok value At 31 De¢ember 2020 1.796.44S 238.446 28.834 2.063.725 At $1 December 2019 1,796.445 238.446 47.452 2.082 343 10 Stock 2020 2019 Denaied goods forfo(xlbank 11 Debtors 2020 2019 Tax recoverable RÈntal in¢otne reeavable Prepayments Total debtors 4.234 3.112 2.789 10.135 3,559 6,376 825 10,759 12 Cash at Bank and kn H8r¥l 2020 2019 Cash ai bank immediate access Not? derx)sits (Mlh a leim ol three or 108,162 1fy),250 150 208.562 127.059 100.000 150 227.209 13 Crtditor5: liabll(Ile8 f8lllng due whhin one 202 2019 Artsuals Loans Mortgage liatxlty 15.714 4,000 21,047 4,000 854 25.900 20,599 14 Credltors.. amounlsfalling afler more than one yaar 2020 2019 Loans Mortgage liat6lity 8.000 20.738 28.738 12,000 21,626 33,626 PagE 16
REIGATE BAwnsT CHURCH NOTES TO THE Accoup¥rs FOR THE YEAR ENDEO 31 DECEMBER 2 15 Alortgage and other loans ThÈ liabilities lor the mortgage and further loan5 refaed to in leS 13 arKI 14 fall due for r8pawmeni as fOlW$- Bank loan5 2020 2019 Repayable.. Within one yÈar Bemeen one and five years After liv8 yea 885 4.012 16.726 21.623 854 3.726 17.900 22.480 Concessionary loans 2020 2019 R6payabl6'. Within one year Belween one and five years 4.000 12.000 16.000 8.000 12,000 The mortgage referred to in the above notes is secur•J on 16 Sytaftwe Wav& by wayof a fixed and floating chargè on tt)e propety. Interest is Payab ai a variable rate, whK at Ihe baLqr sh8et date w 2.7%. The k)an 15 being r8pafvJ In monthly instaltnents. The concessionary loan referred to in the ab)ve rntes 15 uns8cur8d ar># Inle$1 tree. tt has been provi(Sed byth8 South Easi 8apb'5t Association and is repayab in instslm8nts of £2,000 Iwce each year. 16 Penslon CommM6n The Bapllst Unlon Ptnslon Scheme 8ack rounrl I the discbsure The charity is an employer parbppatiry In a penon scheme known as the Bapbst Pen510n Scheme Ilhe Scheme'l, hich is adminisiered by the Pension Tnjslee 18apiisi Pension Trust Llmitedl. The &heme is a separale gal entity and the assets ol the Scheme are held 5eparaiely IroFn those ol the Eftwoyer and th8 olher parbaWiThJ em0Yers. The Scheme cotnprises a Defined Contribution (DCI Plan and a Defined Benefrt IDBI Plan. The DB Plan is COnSkY8Ted 10 a rTruth-employer scheme as ¢J8scrfbÈd in Section 28 OT FRS 102. This is because it is not rM)ssible 10 attribute the DB Plan's assets and liabilities lo speofic empksyers aThl Mear Ihai contribubons are aecounted lor as il the DB Plan were a defined contribuiion schetne. The penons (x)st5 charged to the SOFA in Ihe year cofflwse contribubons accruing Sn the year in respect ol the OC Plan plus the impad ol ¢Jefi(aency conlribubons to the DB Plan (see belowl. Th8 charity is obliged 10 recognise a liability lor its expted fulure 4fK4eThythnlribuDons to thè OB Plan. Minisl8rs and soffle membe¢s of thp church stall a tOjn the SGheme. Th D81inedCon tion Plan Frorn January 2012. pension pro$10 is beirmj made through Defined ContritKJbon (DCI P&n within the Scheme. In general. members pay 8% ot their Pengonable Irme arK ernpbyets pay of membet5' P8nsionable Income into ial F6n810n accoun18, whith are operated and managed behalf ol the Penwon Trustse by Legal and General Lite Assurance Society limited. In addition, Ihe employer pays 2 lurther 4% 01 PenOnale Inttjme lor 3% il Ihe Èmployer is in Ihe 5egrogaled DC section) lo cover Death in SeTriee Benefrts. a£fministration costs. arNY an assOtsd insurdnce polw Ythich pro¥e$ income protection lor Scheme rnembeis in Ihg event Ihai they are unable tts work due 10 loThJ-term iwacAty- This incJTne prole¢Don p)licy has i>een insur8d by the Bapiisi Union of Great Brfian %ilh Unum L5mit#J. Memtws of Ihe Basic Section pay r8dLsced Ix>ntributions ol SPA ol Penwonabl8 Intolne. and Iheir Èmployers also pay a lotal 015%. Page17
REIGATE BAPTIST CHURCH NOTES TO THE ACCOUNTS FOR THE YÉAR ENDED 31 DECEMBER 2020 Th8 Defin8d 88nefit Benelils in respect ol Serv ptior 10 1 January 2012 W0ed through the DefineLI Benefit IDBI Plan Wlhln Scheme. Th? main benefits lof pr&2012 semce wera a dofined nefit penshy of one ehtiefft ol Final Minimum Pensionable Income for é2ch year ol Pensionable ServicÈ, itrJeiher ith additional petwn in respect of pwemiurns pa on Pensionable Income in excess of Minimum Pensionable IrMe. Th8 Sch?me. prewousby kr¥ as thE Baptst Minirs' Pension Fund. Start in 1925. but was closed 10 futu acGrual of Llefined t¢ne[ on 31 December 2011. AC[i81 valuation BS at31 DÈcèmber2019 A formal valuation ol the Delined Benefft IDBI Plan was * 31 December 2019 by a ProfeOnallY qualified Actuary using the ProjeGted Unli Method. The martel value of Ihe DB Plan assets at the valuation ¢Jale was £298 rnillion. The valuation of the DB Plan revealed a deficit ol awts compared the value of liatslrfies of £18 million lequnident to a pa servic? funding Ve1 of 94%1. The no attuadal ¥Juation of the DB 15 due as al 31 Decarrtsr 2022. R8coveryp12n A recovery plan ¢Jaied ao Seplernber 2020 has tn aw1 to make wj th8 at#)ve do in assets. Therefore, in addition to the coniribubons 10 Ihe DC Plan sel out atKwe. the Trusiee aTrl the CourKil agree to a rate ol defiuertyconirtbutions from ehuithes and other employers involved Sn Ihe DB Pkn. has been agreed that Ihe stsndard rale of ¢Jerer o)ntrfjbLrtknns from thurckEs arhy ottw employers Involved In the DB Plan wll remain ai previousty agreed leve15. irrreaEiThJ each year in line vrith inttease5 in Ihe Minimum Pensionable Incotne. The deliciency corrtributions are broadly based on 1¥h pt pen90nab IoMe l Minimum Pensionable Income, refleeting each employers tontributions in March 2015. Some etnployes Ihal were in Ihe DB Plan for a short perod pay lo%Yer conlribuilon5. The Trustee and he Council agreed a 50% reduction in deh"Liency contributions payable between l July 2020 and 31 Dec8mbBr 2020. Th8 RÉcovery Plan envisages de[rconbUtiOnS wnlinuing until June 2026. In addition, the Ba191 LI of Great BrIn agreed to tx)nthlxrte a lump sum ol £O.Sm by 31 0mber 2020. Key8ssiJmpiiorts The kèy a55urnptions uTrJ8dytng the actyarial valLRtion of Ihe DB Plan YhTe a5 folkM'. Type olfin8ncialassunTp&on RPI prKe inllaiion assumption CPI prre inllaison assumption Minirllum Pensionable In(xJme irueases (CPI S 0.75% pal Assumed inveslrnent r81ums - Prtrr8tirement - Posi retirement Deferred penen Increases - Pre April 2009 Post April 2009 Pension incr8ases 2.70 2.95 1.70 l&loveFn in Balance Sheet ' 2020 2019 In respeth of thè DB Plan.. 8alanca sheet liability al 5tsrt 01 the year Minu5 (lelienCY coniritKrtions pax1 Interest cost Irecognised in SOFA) Remaining ¢hange lo balan( sheel liabilnr (rewo in SOFAI Balan Sheet liability ai the end ot the year 95.500 14,4551 140,702 15.8121 3.155 94,200 95.500 Due th1n 1 year Due after l year 4,455 89.745 5.812 89.688 94.200 95.500 ' Compri¥e8 arychawe in agreed fiC[t rewveryF4an in assurylons iEiween y8ar*nds. Paye 1B
REIGATE BAPTIST CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 20x1 17 Fund$ During Ihe year Ihe movetnents in the charytys lunds wère as loll¢mE: OpeniThJ IncomirJ OutgoirvJ Transfers in the year 2020 Actuarial Adjuslmenl 2020 Cbgng balance 2020 2020 2020 Gene1 Unr8SiriCted Funds 2.183,885 401.011 1439.0091 17201 13.1551 2.122,012 Total Unrestricted Funds 2.163,885 401.011 1439.0091 17201 I3,1} 2,122,012 R8Stnci8dFunds Building project Sierra Leone Children's work Goffee Cart FObank 11,lYJOI 370 370 3.750 13.143 1.750 14.927 11.7841 Total RèstriGled Funds 16,927 11.7841 720 17.263 Aggwale ol funds 2.165.285 417.938 1440.7931 12,1551 2.139.275 Analysls of net assets byfurKI Th? assets and liabilities ol the Vario fur were as folknws- Unrestricted General funds Restricted funds 2020 Tangible fixed assets Stock Debtors Cash at bank and in harK credIrS falling due ¥Yithin year cditOrS falling due after one year Defined benefit nSIOn schetne5 Ikthlbes 2.IW,725 390 10.135 f91.299 120.5991 128.7381 194,2001 2,063.725 390 1Q.135 208,562 120.5991 128.7381 194.2001 17,283 2.122.012 17.263 2.139,275 In b¥eprevsotssyear1l Mo1776ntr in Iheoty8ntys luThls wereas lowows.. (Iwirg InlFIlg Tr8ryslets AGtyari&l balan(¥ resourEes r8SOUrtes in theyeAr Adjustment 2019 2019 2019 2019 2019 G105ing 2019 Gen8r81 Unreslrict8dFunds 1.963.353 608,559 1447.416) 39.390 2, 163.885 Tol81 UnresthG16dFvnds 1,9&8.353 608.559 1447,416) 39.390 2. 163.885 Re5triGledFunds Buileingproject &errs L80ne Chilkns worfr 1,750 {720J 1,030 370 3TO 1.750 370 (7201 1,400 Ag9r6981é ollunds 1,965. 103 608.929 (448.1361 39.390 2.165.285 PwJe 19
REIGATE 8APTIST CHURCH NOTES TO THE AccouTr¥rs FOR THE YEAR ENDED 31 DECE¥8ER %120 An81ysls of not8sselsby lund In th8prÈviousyear. the assets andblI ollh8 vwyous luThYs were as lolk¥ws.' Unr8Strkred General fijnds R8SttYcied funds 2079 Tangib18 ftt8dassets D8blO Cash atbank arjdin h8 Credilors l811ino due wiEhin oney8ar Cr8dirors lalling due airerone y Debnedbenefrrpension Scheftw liatslibes 2.082.343 10.759 225.809 125.900) (33.6261 (95.5001 2.082,343 10,759 227,209 125.900) 133,626) 195.500) 2,163,885 2, 165,285 The Buikying project Is a fufKI eStal$hed for tjse ift wnjunction *71h a hrturÈ anbcipated enOrt to tt)e church buihaing. During the year money was transferred in lo cover expenditure on a buihfjiry survey in 2019 whrh shoukl have been lurd by unresirictÈd funds, th8 outstanding balance was translerred 10 the Cottee Cart Fund wth the perssion of Ihe donor. The Sierra LeonÈ chiklrens work fund has bpen establishad 10 SUW)rt thikJren's worft in Sie¥ra Leone. Grants are made in 5UPPOrt of this work in mosi years. The Ccttee Cart fund rewesenls donab.ons 10 pur¢hase a o)ff8e carL The Fwdbank fund 1$ f¢rthe sUPPOrt of Ihe Flban 18 Tr4nsactlons wlth related part8 Dunno the year the charity.. al received Llonations toraiiNJ £32.695 12019: £43.3291 from rated parties Iwhth indudes trustee5. any Other meMrS ol key manaoement and anne ck)selyconn8ctsd to Iheml. On 25th November 2020. Ihe Focébank by Ihe Renewed Hope Trustwas transleTred lo Reigaia Baptist Church al no cost. In March 2021 this was transferred ai no eosl to a new tharity. Open Hands. Mthelle Hirchlield, the %trife of Glenn Hirchfield a Twstee, was herse a Trustee ol Renewed Hope Twsl and On Har¥Js at Ihis time. She has nce resigned from boih charTbes. Except as disclosed above aTrJ in noie 7 Anaws of stsff LY)5W. Ihere have been Olher transacbons with relaied parties during Ihe year. 19 Events slnce tha er As explained in the Trustees. report. the charity has affecled by COVID-f9 and as a resutt haLf suspend PhYsal gaiheriros lor some lime according to governmentguKlelines. The Truslees are ffthiitoring expenditure aThY, il il becom88 ne¢essary. 11 lake measures to mthgaie Ihe impad of COVID-19 on Ihe thariiys rash reserves. Page 20
oDJ# Tr- C4 W) io ijil J i ouoc