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|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|
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|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||
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|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"'^',"|||
##
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||||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|
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||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|
##
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||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|,:!:|
##
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||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^',|
##
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|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|
##
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||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|
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|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|
||:|
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|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|
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|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|
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|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|
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|||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||
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|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||
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||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|
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