##
|Trustees:|||Rev'd Anne Carter|Moderator|ofthe|ofthe|ofthe|trustees|trustees|(Until 8th November 2021)|(Until 8th November 2021)|
|---|---|---|---|---|---|---|---|---|---|---|---|
||||MrAndrew
Johnson|Association||Treasurer||||||
||||Mrs Ann Andrews|||||||||
||||Rev'd Stephen Barber|(Until 1st|October 2021)|||||||
||||Mr John Bragg|||||||||
||||Mr Peter Brookes|||||||||
||||Rev'd Anthony
Clarke|Regent's|Park College||||Representative|||
||||Mr Jason Collie|(Appointed||8th November||||2021)||
||||Rev'd Nigel Cox|(Until 8th|November 2021)|||||||
||||Rev'd Simon Ford|||||||||
||||Rev'd
Martin
Hardwidge|||||||||
||||Rev'd Dr Colin Norris|Regional|Ministry|||Team|Leader|||
||||Rev'd Judith Wheatley|(Appointed||19th||January 2022)||||
|Regional|Ministry Team:||Rev'd Dr Colin Norris|Regional|Ministry|||Team|Leader|||
||||Rev'd Stephen Barber|Interim Regional||||Minister||(from September 2021)||
||||Rev'd Clare Hooper|Children,|Youth &Families|||||Missional|Developer|
||||Rev'd Jonathan
Hunt|Regional|Minister|||||||
||||Rev'd David Llewellyn|Regional|Minister|||(Until|July 2021)|||
|Staff Team:|||MrsAmyAllen|Administration|||Manager|||||
||||Mrs Joy Cheang|Safeguarding|||Adviser|||||
||||Miss Alysen
Merrill|Administration|||Support||(Until September 2021)|||
|Charity number|||1091066|||||||||
|Company|number||04279837|||||||||
|Registered||office and|Baptist House|||||||||
|operational||address|129Broadway|||||||||
||||Didcot|||||||||
||||Oxfordshire|||||||||
||||OX11 8XD|||||||||
|Independent||examiner|Colin Dadswell
FCAACCA DChA|||||||||
||||Caladine
Limited|||||||||
||||Chantry
House|||||||||
||||22 Upperton
Road|||||||||
||||Eastbourne|||||||||
||||East Sussex|||||||||
||||BN21 1BF|||||||||
|Bankers|||HSBC Bank pic|||||||||
||||186Broadway|||||||||
||||Didcot|||||||||
||||OX11 8RP|||||||||
##
|||Page|
|---|---|---|
|Trustees'|report|1-7|
|Statement|ofTrustees'
responsibilities||
|Independent
examiner's
report|||
|Statement|offinancial
activities|10-tt|
|Statement|offinancial
position|12-13|
|Statement|ofcash flows|14|
|Notes to the financial
statements||t5 - 34|
##
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##
##
|Rev'd Anne Carter|(Resigned|8 November|2021)|
|---|---|---|---|
|Mr Andrew Johnson||||
|Mrs Anne Andrews||||
|Rev'd Stephen Barber|(Resigned|1 October 2021)||
|Mr John Bragg||||
|Mr Peter Brookes||||
|Rev'd Anthony
Clarke||||
|Mr Jason Collis|(Appointed|8 November|2021)|
|Rev'd Nigel Cox|(Resigned|8 November|2021)|
|Rev'd Simon Ford||||
|Rev'd Martin Hardwidge||||
|Rev'd Dr Colin Norris||||
|Rev'd Judith Wheatley|(Appointed|19January|2022)|
##
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##
##
|Current financial|year||||||||
|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|Unrestricted|Restricted|Total|Total|
|||||funds|funds|funds|||
|||||general|designated||||
|||||2021|2021|2021|2021|2020|
|||||||||as restated|
||||Notes|6||||6|
|income from:|||||||||
|Donations
and legacies|||3||180|32,511|32,691|37,578|
|Charitable
activities|||4|251,577|||251,577|311,410|
|Investments|||5|8,466|||8,466|16,490|
|Other income|||6|587,738|||587,738||
|Total income||||847,781|180|32,511|880,472|365,478|
|EttgftftfIIhtmm:|||||||||
|Charitable
activities|||7|364,894||67,291|432,185|478,369|
|Net incoming/(outgoing)||resources|before||||||
|transfers||||482,887|180|(34,780)|448,287|(112,891)|
|Gross transfers
between||funds|21|(68,757)|(25,534)|94,291|||
|Net income/(expenditure)||for the year/|||||||
|Net incoming/(outgoing)||resources||414,130|(25,354)|59,511|448,287|(112,891)|
|Other recognised|gains|and losses|||||||
|Actuarial
gain on defined||benefit|||||||
|pension schemes||||8,209|||8,209|38,858|
|Net movement
in funds||||422,339|(25,354)|59,511|456,496|(74,033)|
|Fund balances at 1|January 2021|||1,581,801|128,048|245,795|1,955,644|2,029,677|
|Fund balances at 31 December 2021||||2,004,140|102,694|305,306|2,412,140|1,955,644|
##
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##
##
|Prior financial|year|||||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Unrestricted|Restricted|Total|
|||||funds|funds|funds||
|||||general|designated|||
|||||2020|2020|2020|2020|
||||||||as restated|
||||Notes||||f|
|Income from:||||||||
|Donations
and|legacies|||5,500|30,000|2,078|37,578|
|Charitable
activities||||311,410|||311,410|
|Investments||||16,490|||16,490|
|Total income||||333,400|30,000|2,078|365,478|
|Charitable
activities||||393,119|77,846|7,404|478,369|
|Net incoming/(outgoing)||resources before|transfers|(59,719)|(47,846)|(5,326)|(112,891)|
|Gross transfers|between|funds|21|75,570|23,190|(98,760)||
|Net income/(expenditure)||for the year/||||||
|Net incoming/(outgoing)||resources||15,851|(24,656)|(104,086)|(112,891)|
|Other recognised
gains||and losses||||||
|Actuarial
gain on defined||benefit pension||||||
|schemes||||38,858|||38,858|
|Net movement|in funds|||54,709|(24,656)|(104,086)|(74,033)|
|Fund balances|at 1 January 2020|||1,527,092|152,704|349,881|2,029,677|
|Fund balances|at 31 December 2020|||1,581,801|128,048|245,795|1,955,644|
##
##
##
||||2021|2020||
|---|---|---|---|---|---|
|||||as restated||
|||Notes||||
|Fixed assets||||||
|Property,
plant and|equipment|12|795,763||800,259|
|Investments||13|12,020||12,020|
||||807,783||812,279|
|Current assets||||||
|Debtors falling due|after one year|14|164,010|150,500||
|Debtors falling due|within one year|14|34,043|33,253||
|Cash at bank and in hand|||1,533,678|1,164,812||
||||1,731,731|1,348,565||
|Current
liabilities||16|(16,278)|(71,895)||
|Net current assets|||1,715,455||1,276,870|
|Total assets less current liabilities|||2,523,238||2,088,949|
|Non-current
liabilities||17|(50,000)||(50,000)|
|Provisions
for liabilities|||(61,098)||(83,305)|
|Net assets|||2,412,140||1,955,644|
|Income funds||||||
|Restricted funds||21|305,306||245,795|
|llafgtttrigtelftigf(9||||||
|Designated
funds||22|102,694|128,048||
|General
unrestricted|funds||2,004,140|1,581,801||
||||2,106,834||1,709,849|
||||2,412,140||1,955,644|
##
##
##
##
##
##
||||||2021||2020||
|---|---|---|---|---|---|---|---|---|
|||||Notes|6||f||
|Cash flows from operating||activities|||||||
|Cash generated
from/(absorbed|||by)|27|||||
|operations||||||420,400||(131,861)|
|Investing
activities|||||||||
|Investment
income received|||||8,466||16,490||
|Net cash generated
from|Investing||||||||
|activities||||||8,466||16,490|
|Financing
activities|||||||||
|Repayment
ofborrowings|||||(60,000)||||
|Net cash used in financing||activities||||(60,000)|||
|Net increase/(decrease)|in|cash and||cash|||||
|equivalents||||||368,866||(115,371)|
|Cash and cash equivalents||at beginning||ofyear||1,164,812||1,280,183|
|Cash and cash equivalents||at|end of|year||1,533,678||1,164,812|
##
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##
##
##
##
##
##
##
##
##
||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|||
||||designated||||
||||2021|2021|2021|2020|
||||f|6|6|6|
|Donations|and|gifts|180|32,511|32,691|37,578|
|Donations|and giRs||||||
|Church of|the|Year gifts||2,511|2,511|1,753|
|Confidential|Fund donations||180||180|325|
|Rural Ministry||Grant||30,000|30,000|30,000|
|Loan Termination
Gifts (SCBALoan Fund)||||||5,500|
||||180|32,511|32,691|37,578|
##
|||2021|2020|
|---|---|---|---|
|||6|F|
|Preaching
and other fees||1,301|9,302|
|Leaders' Days 8 SCBA Event fees||2,108|2,695|
|SCBA Ministers'
Conference Fees|||22,223|
|Baptist Union grant for Operational|Activities|244,670|276,348|
|Other income||3,498|842|
|||251,577|311,410|
##
##
|||Unrestricted|Unrestricted|
|---|---|---|---|
|||funds|funds|
|||general|general|
|||2021|2020|
|||6|6|
|Loan and General|Funds on Deposit with BU|8,065|15,889|
|Baptist Insurance|Co Ltd - Dividends|401|601|
|||8,466|16,490|
##
|||||Unrestricted|Total|
|---|---|---|---|---|---|
|||||funds||
|||||general||
|||||2021|2020|
|||||f|6|
|Closure|of|Redundant|Churches|587,738||
##
##
||2021f|2020
f|
|---|---|---|
|Staff costs|297,430|299,358|
|Depreciation
and impairment|4,496|4,496|
|Travel and Accommodation|9,016|7,776|
|Leaders Days and SCBAEvent Costs|1,708|2,750|
|SCBA Ministers Conference||23,411|
|Community
Learning
Tutor|4,000|2,000|
|Confidential
Fund||750|
|CYF Working group||28|
|Education 8Sabbatical Grants||4,200|
|Pioneer Mission Fund Expenses|1,448|12,597|
||318,177|357,366|
|Grant funding
ofactivities (see note 8)|85,283|91,788|
|Share ofsupport costs (see note 9)|20,055|21,008|
|Share ofgovernance
costs (see note 9)|8,670|8,207|
||432,185|478,369|
|Analysis
by fund|||
|Unrestricted
funds - general|364,894|393,119|
|Unrestricted
funds - designated||77,846|
|Restricted funds|67,291|7,404|
||432,185|478,369|
|Grants payable|||
||2021|2020|
||6|6|
|Grants to institutions:|||
|Home Mission Grant|82,583|84,420|
|Churches
Together Grants|2,700|2,700|
|Church ofthe year||4,668|
||85,283|91,788|
##
##
|||Support|Governance|Total|Support costs|Governance|Total|
|---|---|---|---|---|---|---|---|
|||costs|costs|2021||costs|2020|
||||6|6||f|6|
|Office Expenses and IT||981||981|1,711||1,711|
|Telephone||2,330||2,330|2,184||2,184|
|Volunteer
Exp. and Fees||1,173||1,173|1,030||1,030|
|Staff Book &|Study|||||||
|Allowance||1,102||1,102|688||688|
|Insurance||5,952||5,952|3,936||3,936|
|Building
Hire||3,500||3,500|3,500||3,500|
|Baptist Union|Subs|841||841|826||826|
|Interest on pension||||||||
|deficit||304||304|2,987||2,987|
|Other expenditure||3,872||3,872|4,146||4,146|
|Legal and professional|||1,957|1,957||1,293|1,293|
|Accountancy|& IE||4,260|4,260||4,200|4,200|
|Bank Charges|||279|279||579|579|
|Software and|other|||||||
|subscriptions|||1,032|1,032||992|992|
|Payroll Fees|||1,142|1,142||1,143|1,143|
|||20,055|8,670|28,725|21,008|8,207|29,215|
|~na ys~giyffen||||||||
|Charitable
activities||20,055|8,670|28,725|21,008|8,207|29,215|
##
##
##
##
|The average
monthly
number ofemployees
during the year wa|s:||
|---|---|---|
||2021|2020|
||Number|Number|
|Full time Regional
Ministers|||
|Part time Regional
Ministers|||
|Part time Administrator|||
|Part time Support Staff (Admin Assistants)|||
|Dorset Missional
Listener|||
|Pioneer Missioner|||
|||10|
|Employment
costs|2021|2020|
|||6|
|Wages and salaries|208,172|217,340|
|Social security costs|12,464|14,941|
|Other pension costs|27,172|19,342|
|Housing costs|49,622|47,735|
||297,430|299,358|
##
|||Freehold|land and|
|---|---|---|---|
||||buildings|
||||8|
|Cost||||
|At 1 January 2021|||809,251|
|At 31 December 2021|||809,251|
|Depreciation
and impairment||||
|At 1 January 2021|||8,992|
|Depreciation
charged|in the year||4,496|
|At 31 December 2021|||13,488|
|Carrying
amount||||
|At 31 December 2021|||795,763|
|At 31 December 2020|||600,259|
##
##
##
|||Baptist|
|---|---|---|
|||Insurance
Co|
|||PLC|
|||6|
|Cost or|valuation||
|At 1 January 2021 &31 December 2021||12,020|
|Carrying|amount||
|At 31 December 2021||12,020|
|At 31 December 2020||12,020|
|14|Trade and other receivables|||
|---|---|---|---|
|||2021|2020|
||Amounts
falling due within one year:||6|
||Loans to churches|31,000|28,500|
||Prepayments
and accrued income|3,043|4,753|
|||34,043|33,253|
|||2021|2020|
||Amounts
falling due after more than one year:|6|6|
||Loans to churches|164,010|150,500|
||Total debtors|198,053|183,753|
##
##
|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||||E|E|
||Other loans|||||50,000|110,000|
||Payable|within one year|||||60,000|
||Payable|after one year||||50,000|50,000|
|16|Current|liabilities||||||
|||||||2021|2020|
||||||Notes|E|E|
||Borrowings||||||60,000|
||Other taxation and social security|||||7,591||
||Deferred|income|||19|4,485||
||Other payables||||||7,695|
||Accruals|and deferred||income||4,200|4,200|
|||||||16,276|71,895|
|17|Non-current||liabilities|||||
|||||||2021|2020|
|||||||E|E|
||Borrowings|||||50,000|50,000|
|18|Provisions||for liabilities|||||
|||||||2021|2020|
||||||Notes|E|E|
||Retirement||benefit obligations||20|61,098|83,305|
|||||||61,098|83,305|
##
##
##
|||||2021|2020|
|---|---|---|---|---|---|
|||||E||
|Deferred|income is|included|within:|||
|Current|liabilities|||4,485||
|Movements
in the year:||||||
|Deferred|income at|1 January|2021|||
|Resources deferred||in the year||4,485||
|Deferred|income at|31 December 2021||4,485||
##
##
##
##
##
##
|ype of assumption|||||||%pa|
|---|---|---|---|---|---|---|---|
|RPI price inflation
assumption|||||||3.20|
|CPI
rice Inflation assum
tion|||||||2.70|
|Minimum
Pensionable
Income||Increase Adjustment|||(above CPI)||0.50|
|Assumed
investment
returns||||||||
|Pre-retirement
(gilt yield plus|1.75%pa)||||||2.95|
|IPost retirement
(including
benefits matched
yield plus 0.5%pa)||||by the|insurance|policy) (gilt|1.70|
|IMinimum
Pensionable
Income||increases|CPI plus||0.5%)||3.20|
|Deferred
ension increases||(based on RPI)||||||
|Pre April 2009|||||||3.20|
|Post April 2009|||||||2.50|
|Pension increases||||||||
|Based on CPI with an annual|floor of0%||and|annual|cap of5%||2.70|
##
##
##
|20|Retirement
benefit schemes (Continued)|Retirement
benefit schemes (Continued)|Retirement
benefit schemes (Continued)|Retirement
benefit schemes (Continued)|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||Key assumptions||||||||||||
||||||||||||2021|2020|
|||||||||||||O/o|
||Discount rate||||||||||2.0|0.4|
||Future increases to Minimum|Pensionable||Income|||||||4.1|3.0|
||Amounts
recognised
in the income statement:||||||||||||
||||||||||||2021f|2020|
||Net interest on defined
benefit liability/(asset)||||||||||304|2,987|
||The amounts
included
in the statement||of financial|||position|arising|from the|||||
||Charity's
obligations
in respect ofdefined|||benefit plans are as|||follows:||||||
||||||||||||2021|2020|
||||||||||||6|6|
||Present value ofdefined
benefit obligations|||||||||61,098||83,305|
||Deficit in scheme|||||||||61,098||83,305|
||Section 28.11Aof FRS 102|requires
agreed|||deficit|recovery|payments||to be|recognised|as a liability.|The|
||movement
in the provision
is|set out in the||table below.|||||||||
||Movements
in the present
value ofdefined|||benefit obligations:|||||||||
|||||||||||||2021|
|||||||||||||8|
||Liabilities at 1 January 2021|||||||||||83,304|
||Plan introductions,
changes,|curtailments|and||settlements|||||||(8,209)|
||Contributions
from scheme members||||||||||(14,301)||
||Interest cost|||||||||||304|
||At 31 December 2021||||||||||61,098||
##
##
##
||||Movement|Movement|in funds|||
|---|---|---|---|---|---|---|---|
|||Balance at|Incoming|Resources||Transfers|Balance at|
|||1January
2021|resources|expended|||31 December|
||||||||2021|
|||||||6|6|
|Church ofthe Year||1,253|2,511||||3,764|
|DFESFunds for Youth Work||1,014|||(1,014)|||
|Pioneer Mission Fund|||30,000|(64,291)||34,291||
|Hill Street, Poole Property||243,528|||(1,986)|60,000|301,542|
|||245,795|32,511|(67,291)||94,291|305,306|
|Movements
for the year|ended 31 December 2020|||||||
||||Movement||in funds|||
|||Balance at|Incoming|Resources||Transfers|Balance at|
|||I January
2020|resources|expended|||31 December|
||||||||2020|
||||6||6|6|6|
|Aidan Memorial
(Loans Repairs/||||||||
|Extensions)||40,774||||(40,774)||
|De La Mare||21,311||||(21,311)||
|Confidential
Fund||2,304|325||(750)|(1,879)||
|Fairford Trust (Education|Grants)|34,796||||(34,796)||
|Church ofthe Year||4,168|1,753||(4,668)||1,253|
|DFES Funds for Youth Work||1,014|||||1,014|
|Hill Street, Poole Property||245,514|||(1,986)||243,528|
|||349,881|2,078||(7,404)|(98,760)|245,795|
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JC
O
O
LA
N
N
CO||||O
CI
IA
IA
plC
0—
c
m
C
ce
C
3&
CS
Ol
CO
IA||Ct
CI
(0
N
CD
N
LA|'0c
0.
'0
Cle
C
Ol
Ol
0
CI|Ea0
o
IC
CA
45
C
0
(4
0
'0
III|Ct
Cl
al|N
I-
E
Cl|(4
Ce
C
0
O|44
Cl
CI0
LL
c0
N
C
0|02
Cl
N(4
CL|(D
CI
Ct
10C
LL
C0
N
0
0
K|CI
CIO
Ct|IA
CO
Ch
Ct
44
IO
Ell
Ol
I
IO
80|
##
##
##
##
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Analysis ofchanges|in net||funds||||||||
|||||||||At 1January|Cash flows|At 31 December|
|||||||||2021||2021|
|||||||||6|6||
|Cash at bank and in hand||||||||1,164,812|368,866|1,533,678|
|Loans falling due within|one|year||||||(60,000)|60,000||
|Loans falling due after|more|than one year||||||(50,000)||(50,000)|
|||||||||1,054,812|428,866|1,483,678|
|Cash generated
from|operations||||||||2021|2020|
||||||||||6|6|
|Surplus/(deficit)
for the|year||||||||448,287|(112,891)|
|Adjustments
for:|||||||||||
|Investment
income recognised|||in statement|||offinancial|activities||(8,466)|(16,490)|
|Depreciation
and impairment|||of property,||plant and equipment||||4,496|4,496|
|Difference between
pension||charge||and|cash contributions||||(13,997)|(7,553)|
|Movements
in working|capital:||||||||||
|(Increase)/decrease
in|trade|and other receivables|||||||(14,299)|41,427|
|(Decrease) in trade and|other||payables||||||(104)|(40,850)|
|Increase
in deferred
income|||||||||4,485||
|Cash generated
from/(absorbed||||by) operations|||||420,402|(131,861)|
##
##
##
##
##
##
|||At 31|December|2020||
|---|---|---|---|---|---|
|||As previously|Adjustment||As restated|
|||reported||||
|||E||6|6|
|Fixed assets||||||
|Property,
plant and equipment||446,731|353,528||800,259|
|Creditors due within one year||||||
|Borrowings|||(60,000)||(60,000)|
|Creditors due after one year||||||
|Borrowings|||(50,000)||(50,000)|
|Net assets||1,712,116|243,528||1,955,644|
|Capital funds||||||
|Income funds||||||
|Restricted funds||2,267|243,528||245,795|
|designated||128,048|||128,048|
|Unrestricted|funds|1,581,801|||1,581,801|
|Total equity||1,712,116|243,528||1,955,644|
##
##
##