| Trustees: | Rev'dAnne Carter | Moderatorofthe trustees |
|---|---|---|
| Rev'dNigelCox | Association Treasurer (until November 2020) | |
| MrAndrewJohnson | Association Treasurer (from November 2020) | |
| MrsAnnAndrews | ||
| Rev'd Stephen Barber | (Appointed 9 November 2020) | |
| MrJohnBragg | ||
| Mr Peter Brookes | (Appointed9November 2020) | |
| Rev'dAnthony Clarke | Regent'sParkCollege Representative | |
| Rev'd SimonFord | ||
| Rev'd Martin Hardwidge | ||
| Rev'dDrColin Norris | Regional MinistryTeamLeader | |
| RegionalMinistryTeam | Rev'd Dr Colin Norris | Regional MinistryTeamLeader |
| Rev'd Clare Hooper | Children, Youth & Families Missional Developer | |
| Rev'd Jonathan Hunt | Regional Minister | |
| Rev'd DavidLlewellyn | Regional Minister | |
| StaffTeam | MrsAmyAllen | Administration Manager |
| Mrs Joy Cheang | Safeguarding Adviser (from December 2020) | |
| MsAndreaKing | Safeguarding Officer (until September 2020) | |
| MissAlysenMerrill | Administration Support | |
| Charity number | 1091066 | |
| Gompanynumber | 04279837 | |
| Registeredofficeand | BaptistHouse | |
| operationaladdress | 129Broadway | |
| Didcot | ||
| Oxfordshire | ||
| OX11 8XD | ||
| lndependentexaminer | Colin Dadswell FCAACCA DChA | |
| CaladineLimited | ||
| ChantryHouse | ||
| 22UppertonRoad | ||
| Eastbourne | ||
| East Sussex | ||
| BN211BF | ||
| Bankerc | HSBC Bankplc | |
| 186Broadway | ||
| Didcot | ||
| OX11 8RP |
| Page | |
|---|---|
| Trustees'report | 1-7 |
| StatementofTrustees' responsibilities | I |
| lndependent examiner's report | I |
| Statementoffinancial activities | 10-11 |
| Statementoffinancial position | 12-13 |
| Notestothefinancial statements | 14-32 |
| Currentfinancial year | |||||||
|---|---|---|---|---|---|---|---|
| Unrestricted Unrestricted funds funds |
Restricted funds |
Total | Total | ||||
| generaldesignated 2020 2020 |
2020 | 2020 | 2019 | ||||
| Notes | €t | E | I | € | |||
| lncomefrom: | |||||||
| Donations and legacies | 3 | 5,500 | 30,000 | 2,078 |
37,578 | 33,258 | |
| Charitable activities | 4 | 311,410 | 311,410 | 324,513 | |||
| lnvestments | 5 | 16,490 | 16,490 | 13,691 | |||
| Totalincome | 333,400 30,000 | 2,078365,478371,462 | |||||
| Expenditure on: | |||||||
| Charitable activities | 6 | 393,119 | 77,846 | 5,418 | 476,383547,193 | ||
| Netoutgoing resourcesbefore | |||||||
| transfers | (59,719) | (47,846) | (3,340)(110,905) | (17s,731) | |||
| Gross transfers between funds | 17 | 75,570 | 23,190 | (e8,760) | |||
| Netincome/(expenditure)fortheyearl | |||||||
| Net incoming/(outgoin g) resources | 1s,851 | (24,656) (102,100)(110,905) | (175,731) | ||||
| Other recognisedgainsand losses | |||||||
| Actuarial gain on defined benefit | |||||||
| pension schemes | 38,858 | 38,858 | 1,739 |
||||
| Netmovement infunds | 54,709 | (24,656)(102,100) | (72,047) | (173,992) | |||
| Fundbalancesat 1January 2020 | 1,527,092 | 152,704 | 104,367 | 1,784,1631,958,155 | |||
| Fund balances at31December | |||||||
| 2020 | 1,581,801 | 128,048 | 2,267 | 1,712,1161,784,163 |
| Priorfinancialyear | ||||||
|---|---|---|---|---|---|---|
| UnrestrictedUnrestricted | Restricted | Total | ||||
| funds | funds | funds | ||||
| generaldesignated 2019 2019 |
2019 | 2019 | ||||
| Notes | E€ | € | E | |||
| lncomefrom: | ||||||
| Donations and legacies | 3 | 500 | 32,758 | 33,258 | ||
| Charitable activities | 4 | 324,513 | 324,513 | |||
| lnvestments | 5 | 12,312 | 97 | 1,282 | 13,691 | |
| Total income | 337,325 | 97 | 34,040 | 371,462 | ||
| Exoenditure on: | ||||||
| Charitable activities | 6 | 432,753 72,005 | 42,435 | 547,193 | ||
| Netoutgoing resourcesbeforetransfers | (e5,428) | (71,e08)(8,3e5) | (175,731) | |||
| Gross transfers between funds | 17 | (4,313) | 4,313 | |||
| Netincome/(expenditure)forthe year/ | ||||||
| Netincoming/(outgoing)resources | (ee,741)(71,e08)(4,082) | (175,731) | ||||
| Other recognisedgainsand losses | ||||||
| Actuarial gainondefined benefit pension | ||||||
| schemes | 1,739 | 1,739 | ||||
| Netmovement infunds | (e8,002)(71,e08)(4,082) | (173,ee2) | ||||
| Fund balancesat1January2019 | 1,625,094224,612 | 108,4491,958,155 | ||||
| Fund balances at31December20l9 | Y:-:"ry | -11Y"'^'," |
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| Notes | e | € | g | f | |
| Fixed assets | |||||
| Property, plant and equipment | 1',, | 446,731 | 449,241 | ||
| lnvestments | 12 | 12,020 | 12,020 | ||
| 458,751 | 461,261 | ||||
| Current assets | |||||
| Debtors falling due after one year | 13 | 150,500 | 187,000 | ||
| Debtors fallingduewithinoneyear | 13 | 33,253 | 38,180 | ||
| Cash at bank andin hand | 1,164,812 | 1,280,183 | |||
| 1,348,565 | 1,505,363 | ||||
| Gurrentliabilities | 14 | (11,8e5) | (52,74s) | ||
| Netcurrent assets | 1,336,670 | 1,452,618 | |||
| Totalassetslesscurrent liabilities | 1,795,421 | 1,913,879 | |||
| Provisionsforliabilities | (83,305) | (129,716) | |||
| Netassets | yt'':: | 1,784,163 | |||
| lncomefunds | |||||
| Restricted funds | 17 | 2,267 | 104,367 | ||
| Unrestricted funds | |||||
| Designated funds | 18 | 128,048 | 152,704 | ||
| General unrestricted funds | 1,581,801 | 1,527,092 | |||
| 1,709,849 | 1,679,796 | ||||
| 1,712,116 | 1,784,163 |
| Unrestricted Unrestricted | Unrestricted Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|---|
| funds | funds | funds | |||
| generaldesignated 2020 2020 |
2020 | 2020 | 2019 | ||
| €f | I | € | e | ||
| Donations and gifts | 5,500 | 30,000 | 2,078 | 37,578 | 33,258 |
| Donations andgifts | |||||
| Churchof the Yeargifts | 1,753 | 1,753 | 4,668 | ||
| ConfidentialFunddonations | 325 | 325 | 590 | ||
| Rural Ministry Grant | 30,000 | 30,000 | 27,500 | ||
| LoanTermination Gifts (SCBALoan | |||||
| Fund) | 5,500 | 5,500 | 500 | ||
| 5,500 | 30,000 | 2,078 | 37,578 | 33,258 |
| Unrestricted Unrestricted | Unrestricted Unrestricted | Restricted | Total | |
|---|---|---|---|---|
| funds | funds | funds | ||
| generaldesignated 2019 2019 |
2019 | 2019 | ||
| f8 | f | € | ||
| Donations and gifts | 500 | 32,758 | 33,258 | |
| Donations and gifts | ||||
| Churchof the Yeargifts | 4,668 | 4,668 | ||
| ConfidentialFunddonations | 590 | 590 | ||
| Rural Ministry Grant | 27,500 | 27,500 | ||
| LoanTermination Gifts (SCBALoan | ||||
| Fund) | 500 | 500 | ||
| s00 | 32,758 | 33,258 |
| 2020 | 2019 | |
|---|---|---|
| f | e | |
| Preaching and other fees | 9,302 | 6,530 |
| Leaders'Days& SCBAEventfees | 2,695 | 9,526 |
| SCBA Ministers' ConferenceFees | 22,223 | 20,113 |
| Baptist Union grant for Operational Activities | 276,348 | 281,794 |
| Other income | 842 | 6,550 |
| 311,410 | 324,513 |
| UnrestrictedUnrestrictedUnrestricted | UnrestrictedUnrestrictedUnrestricted | UnrestrictedUnrestrictedUnrestricted | Restricted | Total | ||
|---|---|---|---|---|---|---|
| funds general 2020 €ct |
funds funds generaldesignated 2019 2019 |
funds 2019 f |
2019 c |
|||
| Alden MemorialFund | 283 | 283 | ||||
| AbrahamTrust -ConfidentialFund | 97 | 97 | ||||
| FairfordTrust-EducationalAssistance | 615 | 615 | ||||
| Loanand GeneralFundsonDeposit | ||||||
| withBU | 15,889 | 11,911 | 1 | ,911 | ||
| Baptist lnsuranceCoLtd-Dividends | 601 | 401 | 401 | |||
| DeLaMareFund | 38; | 384 | ||||
| 16,490 | 12,312 | 97 | 1,282 | 13,691 |
| 2020 | 2019 | |
|---|---|---|
| € | e | |
| Staffcosts | 299,358 | 298,373 |
| Depreciation and impairment | 2,510 | 2,510 |
| TravelandAccommodation | 7,776 | 23,409 |
| LeadersDaysand SCBA Event Costs | 2,750 | 10,479 |
| SCBA Ministers Conference | 23,411 | 18,412 |
| Community Learning Tutor | 2,000 | 4,000 |
| ConfidentialFund | 750 | 750 |
| CYF Working group | 28 | 1,225 |
| Fairford Trust | 750 | |
| Education&Sabbatical Grants | 4,200 | 2,245 |
| Pioneer Mission Fund Expenses | 12,597 | 14,441 |
| Rural Ministry Fund Expenses | 5,697 | |
| Pension deficit settlement | 26,101 | |
| 355,380 | 408,392 | |
| Grant fundingofactivities (see note7) | 91,788 | 104,437 |
| Shareofsupport costs (see note8) | 21,008 | 24,772 |
| Share of governance costs (seenote 8) | 8,207 | 9,592 |
| 11'* | t::: | |
| Analysisbyfund | ||
| Unrestricted funds-general | 393,119 | 432,753 |
| Unrestricted funds-designated | 77,846 | 72,005 |
| Restricted funds | 5,418 | 42,435 |
| 476,383 | ,:!: |
| 2020 | 2019 | |
|---|---|---|
| f | s | |
| Grantstoinstitutions: | ||
| Home Mission Grant | 84,420 | 94,352 |
| ChurchesTogetherGrants | 2,700 | 2,700 |
| Churchofthe year | 4,668 | |
| Other | 5,435 | |
| 91,788 | 102,487 | |
| Grantstoindividuals | 1,950 | |
| 91,788 | :1^', |
| Support costs | ||||||
|---|---|---|---|---|---|---|
| SupportGovernance costs costs ee |
Total 2020I |
SupportGovernance costs costs ee |
Total 2019 e |
|||
| Office Expenses and lT | 1,711 | 1,711 | 2,767 | 2,767 | ||
| Telephone | 2,184 | 2,184 | 2,198 | 2,198 | ||
| VolunteerExp.andFees | 1,030 | 1,030 | 2,929 | 2,929 | ||
| Staff Book & Study | ||||||
| Allowance | 688 | 688 | 43 | 43 | ||
| lnsurance | 3,936 | 3,936 | 2,697 | 2,697 | ||
| BuildingHire | 3,500 | 3,500 | 3,500 | 3,500 | ||
| Baptist Union Subs | 826 | 826 | 853 | 853 | ||
| lnterest on pension | ||||||
| deficit | 2,987 | 2,987 | 3,243 | 3,243 | ||
| Other expenditure | 4,146 | 4,146 | 6,542 | 6,542 | ||
| Legal and professional | 1,293 | 1,293 | 4,638 | 4,638 | ||
| Accountancy &lE | 4,200 | 4,200 | 3,840 | 3,840 | ||
| Bank Charges | 579 | 579 | ||||
| Software and other | ||||||
| subscriptions | 992 | 992 | ||||
| PayrollFees | 1,143 | 1,143 | 1,fi; | 1,114 | ||
| 21,008 | :- | 29,215 | 24,772 : |
9,592 | 34,364 | |
| Analysed between | ||||||
| Charitable activities | 21,008 | :- | 29,215 | 24,772 | 9,592 | 34,364 |
| 2020 | 2019 | |
|---|---|---|
| Number | Number | |
| Fulltime Regional Ministers | 3 | 3 |
| Parttime Regional Ministers | 1 | 2 |
| Part timeAdministrator | 1 | 1 |
| Parttime Support Staff(AdminAssistants) | 2 | 2 |
| Dorset Missional Listener | 2 | 1 |
| Pioneer Missioner | 1 | 1 |
| 10 | 10 | |
| Employmentcosts | 2020 | 2019 |
| € | € | |
| Wages and salaries | 217,340 | 216,561 |
| Socialsecuritycosts | 14,941 | 16,968 |
| Other pension costs | 19,342 | 19,326 |
| Housing costs | 47,735 | 45,518 |
| 299,358 | T'1 |
| Property, plant andequipment | |
|---|---|
| Freehold landand | |
| buildings | |
| E | |
| Cost | |
| At1January 2020 | 451,751 |
| At31December2O2O | 451,751 |
| Depreciation andimpairment | |
| At1January 2020 | 2,510 |
| Depreciation chargedinthe year | 2,510 |
| At31December2020 | 5,020 |
| Garryingamount | |
| At31December2020 | 446,731 |
| : | |
| At31December2019 | 449,241 |
| Baptist | |
|---|---|
| lnsuranceCo | |
| PLC | |
| f | |
| Cost orvaluation | |
| At1January 2020&31December 2020 | 12,020 |
| Carrying amount | |
| At31December2020 | 12,020 |
| At31December2019 | 12,020 |
| : |
| Tradeandotherreceivables | ||
|---|---|---|
| Amounts fallingduewithinoneyear: | f 2020 |
2019t |
| Loansto churches | 28,500 | 33,000 |
| Prepayments and accrued income | 4,753 | 5,180 |
| 33,253 | i1'* | |
| 2020 | 2019 | |
| Amounts fallingdue after more thanoneyear: | € | c |
| Loans to churches | 150,500 | 187,000 |
| : | ||
| Totaldebtors | 183,753 | 225,180 |
| Gurrentliabilities | |||
|---|---|---|---|
| 2020 | 2019 | ||
| € | E | ||
| Other taxation and social security | 202 | ||
| Prepaid income | 5,530 | ||
| Other payables | 7,695 | 43,173 | |
| Accruals and deferred income | 4,200 | 3,840 | |
| il'* | :!:: | ||
| Provisionsforliabilities | |||
| 2020 | 2019 | ||
| Notes | f, | e | |
| Retirement benefit obligations | 16 | 83,305 | 129,716 |
| 83,305 | 129,716 |
| 2020 | 2019 |
|---|---|
| otto | otto |
| 0.4 | 2.4 |
| 3.0 | 3.3 |
| Typeof assumption | lopa |
|---|---|
| RPIprice inflation assumption | 3.20 |
| CPIprice inflation assumption | 2.70 |
| Minimum Pensionable lncome increases (RPl) | 3.20 |
| Assumedinvestmentreturns | |
|---|---|
| - Pre-retirement | 2.95 |
| - Post retirement | 1.70 |
| Deferredpensionincreases | |
| -PreApril 2009 | 3.20 |
| -PostApril2009 | 2.50 |
| Pension increases | |
| -Main Schemepension | 2.70 |
| Amounts recognisedintheincome statement: | ||
|---|---|---|
| 2020 | 2019 | |
| I | € | |
| Net interest on defined benefit liability/(asset) | 2,987 | 3,243 |
| The amounts included inthestatement offinancialposition arising from the | ||
| Charity's obligations in respectofdefined benefit plans are as follows: | ||
| 2020 € |
2019t | |
| Present valueofdefined benefit obligations | 83,305 | 129,716 |
| Deficitinscheme | i1'* | 129,716 |
| Movementsinthe present valueofdefined benefit obligations | ||
| 2020 | ||
| € | ||
| Liabilitiesat 1January2020 | 129,716 | |
| Plan introductions, changes, curtailments and settlements | (38,858) | |
| Contributions from scheme members | (10,540) | |
| lnterest cost | 2,987 | |
| At31December2O2O | 83,305 |
| Movement infunds | Movement infunds | ||||
|---|---|---|---|---|---|
| Balanceat | lncoming | Resources | Transfers | Balanceat | |
| 1 January2O2O | resources | expended | 31December | ||
| 2020 | |||||
| f | € | f, | c | € | |
| Alden Memorial (Loans Repairs/ | |||||
| Extensions) | 40,774 | (40,774) | |||
| DeLa Mare | 21,311 | (21,311) | |||
| ConfidentialFund | 2,304 | 32s | (750) | (1,87e) | |
| FairfordTrust (Education Grants) | 34,796 | (34,7e6) | |||
| Churchof the Year | 4,168 | 1,753 | (4,668) | 1,253 | |
| DFESFunds for YouthWork | 1,014 | 1,014 | |||
| :1: | 2,078 | (5,418) | (e8,760) | 2,267 |
| Movement infunds | Movement infunds | ||||
|---|---|---|---|---|---|
| Balanceat | lncoming | Resources | Transfers | Balanceat | |
| 1January2019 | resources | expended | 31December | ||
| 2019 | |||||
| c | € | f | E | I | |
| Alden Memorial (Loans Repairs/ | |||||
| Extensions) | 40,491 | 283 | 40,774 | ||
| DeLa Mare | 20,927 | 384 | 21,311 | ||
| ConfidentialFund | 2,464 | 590 | (750) | 2,304 | |
| FairfordTrust (Education Grants) | 34,931 | 615 | (7s0) | 34,796 | |
| Churchof the Year | 4,935 | 4,668 | (5,435) | 4,168 | |
| DFESFunds for YouthWork | 1,014 | 1,014 | |||
| RuralMinistry | 3,687 | 27,500 | (35,500) | 4,313 | |
| 108,449 | 34,040 | (42,435) | 4,313104,367 |
| The income fundsofthe | charity include the | following d | esignated fund | s which h | avebeenset | aside out of | unrestricted | fundsbythe t | rustees for s | pecific purp | oses |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Movement in | funds | Movement in | funds | ||||||||
| Balanceat 1January2019 € |
lncoming ResourcesTransfersRevaluations,Balance at resourcesexpended gainsandlJanuary 2020 losses €€tEI |
lncoming resources t |
ResourcesTransfersRevaluations,Balance at expended gainsand31December losses 2O2O €t€e |
||||||||
| General Funds | |||||||||||
| GeneralFund lnvestment in Baptist |
1,050,484 | 337,228 (432,753) | (31,567) | 1,739 | 925,131 | 327,900(393,1 19) | 34,796 | 38,858 | 933,566 | ||
| lnsurance Company | 12,020 | 12,020 | 12,020 | ||||||||
| Loan Funds (including Alden Memorial) |
562,590 97 | - |
27,254 | 589,941 | 5,500 | 40,774 | 636,215 | ||||
| 1,625,094 | 337,325(432,753')(4,313)1,739 | 1,527,092 | 333,400(393,119) | 7s,S7O | 38,858 | 1,581,801 | |||||
| Designated Funds | |||||||||||
| Education & Sabbatical | |||||||||||
| Grants | 4,712 | (2,245',) | 2,467 | (4,200) | 21,311 | 19,578 | |||||
| Abraham Trust | |||||||||||
| (Confidential) | 9,044 | 97 | 9,141 | 1,879 | 11,020 | ||||||
| Pension FundDebt | |||||||||||
| Reserve Pioneer MissionFund |
98,017 112,839 |
(26,101') (43,659) |
71,916 69,1B0 |
30,000(73,646) | 71,916 25,534 |
||||||
| 224,612 | 97 | (72,005) | 152,70430,000(77,846) | 23,190 | 128,048 | ||||||
| Total | 1,849,706 | 337,422 | (504,758)(4,313)1,739 | 1,679,796 | 363,400 | (470,965) | 98,760 | 38,8581,709,849 |
| UnrestrictedDesignated funds funds |
UnrestrictedDesignated funds funds |
Restricted funds |
Restricted funds |
TotalUnrestricted funds |
TotalUnrestricted funds |
Designated funds |
Restricted funds |
Restricted funds |
Total | |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 €g |
2020 | 2020 e |
2020 f,t |
2019 |
2019 f |
2019t | 2019 f |
|||
| Fund balances are representedby: | ||||||||||
| Property, plant and equipment | 446,731 | 446,731 | 449,241 | - | 449,241 | |||||
| lnvestments Currentassets/(liabilities) |
12,020 1,206,355 |
128,048 | 2,267 | 12,020 1,336,670 |
12,020 1,195,010 |
152,704 | - 104,904 |
12,020 1,452,618 |
||
| Provisions and pensions | (83,305) | (83,305) | (129,716) | - | (12e,716) | |||||
| 1,581,801 | 128,048 | 2,267 | '1,712,116 | 1,526,555152,704 | 104,904 | 1,794,163 |