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##
|ACCOUNTS POR THE YEAR ENDED 31DECEMBER2021|ACCOUNTS POR THE YEAR ENDED 31DECEMBER2021|ACCOUNTS POR THE YEAR ENDED 31DECEMBER2021|||||
|---|---|---|---|---|---|---|
|BALANCE SHEET|||||||
||||2021||||
|||Notes|8|f|||
|FIXEDASSETS|||||||
|Tangible IIsed assels||||I,122450||1,090,150|
|lavestment||||380304||380404|
|||||1402,454||1,470,354|
|CURRENT ASSEIS|||||||
|Debtors|||||43,791||
|Cash at bank snd In hand|||||801,520||
||||||84531I||
|LIABILITIES|||||||
|Ctadherc smotmts
gdiing due|||||||
|within onc year||10|3418||2/36||
|NBT CURRENT ASSETS||||700,342||S42,775|
|TOTAL ASSETSLESS|CURRENT LIABILITIES|||2302,796||MI3,129|
|Provisions
for liabllitke|and charges|16||63,400||78,770|
|NET ASSETS||||2,139396||2~$59|
|THBFUNDS OFTHECHARITY
V~ Income Funds||||1,738,442||l,727&844|
|Dcsigasud
Income Pueds||II||272,895||35IL611|
|Restricted Income
Funds||12||128,0$9||147,904|
|TOTAL CHARITY FUNDS||||2,139396||2,234,359|
##
##
|||||2021|2020|
|---|---|---|---|---|---|
||||Notes||f,|
|CASH FROM OPERATING|ACTIVITIES|||||
|Net cash used in operating|activities||15|(134,685)|(31,242)|
|Cash flows from investing|activities|||||
|Dividends,
interest and rents||||41,934|42,631|
|Purchase offixed asset||||(39,500)||
|Net cash provided
by investing
activities||||2,434|42,631|
|Change
in cash and cash equivalents
in the||year||(132,251)|11,389|
|Cash and cash equivalents
at|the beginning|ofthe year||80],520|790,131|
|Cash and cash equivalents|at the end ofthe year|||669,269|801,520|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|GRANTS AND DONATIONS|GRANTS AND DONATIONS|- CURRENT YEAR||||2021|
|---|---|---|---|---|---|---|
||||Unrestricted|Designated|Restricted|Total|
||||Funds|Funds|Funds|Funds|
|Baptist Union Grants|||113,432||104,706|218,138|
|Other grants and donations|||1,868||2,298|4,166|
|Preaching|fees and expenses||5,797|||5,797|
|Ministers|Conference||2,070|||2,070|
|Gift Aid|||300|||300|
|Training|courses||915|||915|
||||124,382||107,004|231,386|
##
##
|2.|GRANTS|AND|DONATIONS|-PRIOR YEAR||||2020|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Designated|Restricted|Total|
||||||Funds|Funds|Funds|Funds|
|||||||||6|
||Baptist Union Grants||||129,335||119,386|248,721|
||Other grants and||donations||5,629|3,663|20,723|30,015|
||Preaching|fees and expenses|||4,234||50|4,284|
||Ministers|Conference|||15,190|||15,190|
||Gift Aid||||1,015|||1,015|
||Training|courses|||1,240||1,337|2,577|
||||||156,643|3,663|141,496|301,802|
|||||||||2021|
||INVESTMENT||INCOME - CURRENT YEAR||Unrestricted|Designated|Restricted|Total|
||||||Funds|Funds|Funds|Funds|
|||||||||6|
||Bank interest||||8,157|||8,157|
||Baptist Insurance||Company||801|||801|
||Property|rental|||32,976|||32,976|
||||||41,934|||41,934|
||INVESTMENT||INCOME - PRIOR YEAR|||||2020|
||||||Unrestricted|Designated|Restricted|Total|
||||||Funds|Funds|Funds|Funds|
||Bank interest||||9,276|||9,276|
||Baptist Insurance||Company||601|201||802|
||Property|rental|||32,553|||32,553|
||||||42,430|201||42,631|
##
##
|CHARITABLE ACTIVITIES - CURRENT YEAR|CHARITABLE ACTIVITIES - CURRENT YEAR|CHARITABLE ACTIVITIES - CURRENT YEAR||||2021|
|---|---|---|---|---|---|---|
||||Unrestricted|Designated|Restricted|Total|
||||Funds|Funds|Funds|Funds|
||||f,||6||
|employment||costs|94,008|||94,008|
|expenses|||10,319|||10,319|
|Safeguarding
Ofticer|||5,110|||5,110|
|Manse regular expenses|||8,648|||8,648|
|One offManse expenses|||21,538|||21,538|
|Manse rental|||1,437|||1,437|
|Manse repairs/services/rental|||3,268|||3,268|
|Mission|||8,741|1,000|147,763|157,504|
|Establishment|||11,708||26|11,734|
|Ministers
conference|||4,024|||4,024|
|Other expenditure|||4,627|5,000|5,060|14,687|
|EBAAssembly|||96|||96|
|Depreciation|||7,400|||7,400|
||||180,924|6,000|152,849|339,773|
|Support Costs||||||2021|
||||Unrestricted|Designated|Restricted|Total|
||||Funds|Funds|Funds|Funds|
|Company
secretary's
salary|||22,066|||22,066|
|Company
secretary's
expenses|||2,762|||2,762|
|Independent
examiner's|fees||1,423|||1,423|
|Legal and statutory
payments|||999|1,260||2,259|
||||27,250|1,260||28,510|
|Total Charitable
Activities|||208,174|7,260|152,849|368,283|
##
##
|CHARITABLE ACTIVITIES|CHARITABLE ACTIVITIES|CHARITABLE ACTIVITIES|CHARITABLE ACTIVITIES|- PRIOR YEAR|- PRIOR YEAR|- PRIOR YEAR|||2020|
|---|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Designated|Restricted|Total|
|||||||Funds|Funds|Funds|Funds|
|||||||6||6||
|Ministry|employment||costs|||112,917|||112,917|
||expenses|||||7,872|||7,872|
|Safeguarding|Officer|||||2,471|||2,471|
|Manse regular|expenses|||||9,611|||9,611|
|One offManse|expenses|||||2,024|||2,024|
|Manse repairs/services/rental||||||3,160|||3,160|
|Mission||||||5,921|18,500|117,668|142,089|
|Establishment||||||9,776||83|9,859|
|Ministers
conference||||||15,475|||15,475|
|Other expenditure||||||1,223||5,878|7,101|
|Depreciation||||||7,400|||7,400|
|||||||177,850|18,500|123,629|319,979|
|Support Costs|||||||||2020|
|||||||Unrestricted|Designated|Restricted|Total|
|||||||Funds|Funds|Funds|Funds|
|||||||||8||
|Company
secretary's
salary||||||21,604|||21,604|
|Company
secretary's
expenses||||||543|||543|
|Independent
examiner's||fees||||1,398|||1,398|
|Legal and statutory
payments||||||989|||989|
|||||||24,534|||24,534|
|Total Charitable
Activities||||||202,384|18,500|123,629|344,513|
|TRUSTEE AND STAFF REMUNERATION||||||||2021|2020|
|The staff costs|were:|||||||||
|Trustees (Regional Ministers)||||and|support|staff||||
||Salaries|||||||106,804|110,400|
||Social security costs|||||||5,484|6,411|
||Pension|costs||||||8,896|12,045|
|||||||||121,184|128,856|
|Average weekly number||ofstaff employed||||during the year:||||
|Full time||||||||||
|Part time||||||||||
##
##
|The Trustees|consider they are the key management|consider they are the key management|and the Regional Ministers|and the Regional Ministers|are remunerated.
The|are remunerated.
The|total|
|---|---|---|---|---|---|---|---|
|compensation|received by key m'anagement|including|benefits|is 891,614(2020:8109,512).||||
|NET INCOME FOR THE YEAR||||||2021|2020|
|Net income for the year is stated after charging:||||||||
|Independent|examiner's
fees|||||1,422|1,398|
|TANGIBLE|FIXEDASSETS - CURRENT|YEAR||Office|and|||
|||||computer||Operating||
|||||equipment||property|Total|
|COST|||||||f,|
|Balance at 1|January 2021||||3,779|1,104,950|1,108,729|
|Additions||||||39,500|39,500|
|Balance at 31 December 2021|||||3,779|1,144,450|1,148,229|
|DEPRECIATION||||||||
|Balance at I|January 2021||||3,779|14,800|18,579|
|Depreciation|charge|||||7,400|7,400|
|Balance at 31December 2021|||||3,779|22,200|25,979|
|NET BOOK|VALUE|||||||
|At 31December 2021||||||1,122,250|1,122,250|
|TANGIBLE|FIXEDASSETS - PRIOR YEAR|||Office|and|||
|||||computer||Operating||
|||||equipment||property|Total|
|COST||||||||
|Balance at I|January 2020||||3,779|1,104,950|1,108,729|
|DEPRECIATION||||||||
|Balance at I|January 2020||||3,779|7,400|11,179|
|Depreciation|charge|||||7,400|7,400|
|Balance at 31 December 2020|||||3,779|14,800|18,579|
|NET BOOK|VALUE|||||||
|At 31December 2020||||||],090,150|],090, 150|
##
|NOTES|TO|THE ACCOUNTS|THE ACCOUNTS||||||
|---|---|---|---|---|---|---|---|---|
||||||||Book Value|Book Value|
|||OPERATING PROPERTY|||NET BOOK VALUE||as at|as at|
||||||||3I/12/202 I|3 I/12/2020|
|||46 Churchill|Road, Thetford||||244,850|246,550|
|||2 Buchanan|Gardens,
Wickford||||349,860|352,240|
|||17 Station Road|||||488,040|491,360|
|||16Firethom|Court - deposit||||39,500||
||||||||1,122,250|1,090,150|
|8||INVESTMENTS - CURRENT YEAR||||Freehold|Unlisted||
|||||||Property|investment|Total|
|||Market value|at I January|2021||377,000|3,204|380,204|
|||Market value|at 3 I December 2021|||377,000|3,204|380,204|
|||INVESTMENTS - PRIOR||YEAR||Freehold|Unlisted||
|||||||Propetay|investment|Total|
||||||||6||
|||Market value|at I January|2020||377,000|3,204|380,204|
|||Market value|at 31 December 2020|||377,000|3,204|380,204|
|||Unlisted
investment|||||||
||||||||2021|2020|
|||Baptist Insurance
Company|||shares|||6|
|||Loan fund|||||801|801|
|||General fund|||||2,403|2,403|
||||||||3,204|3,204|
|||DEBTORS:|Due within
one||year||2021|2020|
|||Loans to Churches|||||34,291|43,791|
|10||CREDITORS: Due within||one year|||2021|2020|
|||Trade payables|||||1,868|1,186|
|||Accruals|||||1,350|1,350|
||||||||3,218|2,536|
##
##
||DESIGNATED FUNDS|DESIGNATED FUNDS|Brought|||||Carried|
|---|---|---|---|---|---|---|---|---|
||-CURRENT YEAR||forward|Income|Expenditure|Movement|Transfers|forward|
||||6||||||
||Pension Reserve Fund||253,459||||(53,456)|200,003|
||Pioneer||10,000||(5,000)|(5,000)||5,000|
||Mission||95,152||(2,260)|(2,260)|(25,000)|67,892|
||||358,611||(7,260)|(7,260)|(78,456)|272,895|
||DESIGNATED FUNDS||Brought|||||Carried|
||-PRIOR YEAR||forward|Income|Expenditure|Movement|Transfers|forward|
||Pension Reserve Fund||544,595|3,864||3,864|(295,000)|253,459|
||Manse Maintenance||2||||(2)||
||Pioneer||||5,000|(5,000)|15,000|10,000|
||Mission||8,650||13,500|(13,500)|100,002|95,152|
||||553,247|3,864|18,500|(14,636)|(180,000)|358,611|
|12.|RESTRICTED FUNDS||Brought|||||Carried|
||- CURRENT YEAR||forward|Income|Expenditure|Movement|Transfers|forward|
||||6|||||f,|
||Home Mission Fund||72,370|105,906|(141,819)|(35,913)|25,000|61,457|
||Southminster
Fund||51,600|||||51,600|
||Lay Ministry
Fund||9,295|105|(7,746)|(7,641)||1,654|
||Ministers'
Benevolent|Fund|3,426|993|(1,853)|(860)|1,000|3,566|
||Ministers
Training
Fund||11,213||(1,431)|(1,431)||9,782|
||||147,904|107,004|(152,849)|(45,845)|26,000|128,059|
||RESTRICTED FUNDS||Brought|||||Carried|
||-PRIOR YEAR||forward|Income|Expenditure|Movement|Transfers|forward|
||||f,||||||
||Home Mission Fund||52,832|138,266|(108,728)|29,538|(10,000)|72,370|
||Southminster
Fund||60,432|197|(9,029)|(8,832)||51,600|
||Lay Ministry
Fund||9,985|570|(1,260)|(690)||9,295|
||Church ofthe Year||365|633|(1,000)|(367)|2||
||Ministers'
Benevolent|Fund|3,373|1,260|(1,872)|(612)|665|3,426|
||Ministers
Training
Fund||12,383|570|(1,740)|(1,170)||11,213|
||||139,370|141,496|(123,629)|17,867|(9,333)|147,904|
##
##
|ANALYSIS OFNET ASSETS|ANALYSIS OFNET ASSETS|Umestricted|Designated|Restricted|Total|
|---|---|---|---|---|---|
|- CURRENT YEAR||Funds|Funds|Funds|Funds|
||||8||f|
|Tangible fixed assets||1,122,250|||1,122,250|
|Investments||379,403|801||380,204|
|Net current assets||300,189|272,094|]28,059|700,342|
|Provisions for liabilities|and charges|(63,400)|||(63,400)|
|||1,738,442|272,895|128,059|2,139,396|
|ANALYSIS OFNET ASSETS||Unresbdcted|Designated|Restricted|Total|
|- PRIOR YEAR||Funds|Funds|Funds|Funds|
|Tangible fixed assets||1,090,150|||1,090,150|
|Investments||379,403|801||380,204|
|Net current assets||337,061|357,810|147,904|842,775|
|Provisions
for liabilities|and charges|(78,770)|||(78,770)|
|||1,727,844|358,611|147,904|2,234,359|
##
##
|||||2021|2020|
|---|---|---|---|---|---|
|N
et income|for the|reporting|period as per SOFA|(94,963)|(80)|
|Adjustments|for:|||||
|Dividends,|interest|and rents|fiom investments|(41,934)|(42,63I)|
|Depreciation||||7,400|7,400|
|Decrease in|debtors|||9,500|14,624|
|Increase/(decrease)||in creditors||682|(6,254)|
|Increase/(decrease)||in pension|provision|(15,370)|(4,301)|
|Net cash used in operating
activities||||(134,685)|(31,242)|
##
##
##
##
|Type ofassumption|||Y0pa|
|---|---|---|---|
|RPI price irdlatiou|assumption||3.20|
|CPI price inflation|assumption||2.70|
|Minimum
Pensionable||Income increases (CPI plus 1.0'/0 pa)|3.20|
|Assumed
investment||returns||
|-Pre-retirement|||2.95|
|—Post retirement|||1.70|
|Deferred pension increases||||
|-Pre April 2009|||3.20|
|-Post Aprfl 2009|||2.50|
|Pension increases|||2.70|
##
##
##
##