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|||Page|
|---|---|---|
|Company
Information|||
|Annual
Report ofthe Trustees||4-9|
|Report ofthe Independent
Examiner||10|
|Statement ofFinancial|Activities||
|Balance Sheet||12|
|Notes to the Financial|Statements|13-20|
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|(Including
income and Exp|e|nditur|e
Account)||||||
|---|---|---|---|---|---|---|---|---|
|||||||Restricted|Total|Total|
||||Note|Unrestricted|Designated|Endowed|Funds|Funds|
|||||Funds|Funds|Funds|2020|2019|
|INCOME from|||||||||
|Charitable activities|||||||||
|BU Operational
Funding||||124,380|||124,380|130,925|
|BU Home Mission Funding||||110,000|||110,000|120,000|
|Income from Closed Churches||||||||1,687|
|Proceeds from Sale ofClosed Churches||||11,965|180,654||192,619|139,688|
|Preaching
Contributions||||1,584|||1,584|4,943|
|Sundry Income||||3,610|1,000||4,610|14,149|
|Investment
Income||||22,090||4,087|26,177|24,448|
|Rental Income||||8,511|||8,511|5,905|
|TOTAL INCOME||||282,140|181,854|4,087|467,881|441,725|
|EXPENDITURE ON CHARITABLE|||ACTIVITIES||||||
|Employment
Costs||||113,144|||113,144|'l43,656|
|Manse Costs||||24,685|||24,685|21,944|
|Travel Costs||||4,780|||4,780|14,453|
|Training||||2,587|||2,587|3,721|
|Conferences,
Committees||and Meetings||5,821||400|6,221|10,657|
|Home Mission Grants|||3|66,550|||66,550|79,611|
|Grants and Donations|||3|105|1,930|3,275|5,3'IQ|6,254|
|Church Relations||||1,291|||1,291|1,341|
|Printing
and Photocopying||||3,997|||3,997|4,744|
|Postage and Telephone||||5,812|||5,812|5,984|
|insurance||||1,841|||1,641|1,530|
|Depreciation||||6,780|||6,780|6,973|
|Sundry Expenses||||1,183|||1,183|1,'I09|
|Subsciiptions||||931|||931|847|
|Closed Church costs||||565|||565|1,465|
|Governance Costs|||||||||
|Independent
Examiners|Fee|||1,052|||1,052|948|
|Insurance||||||||320|
|Finance Cost (Pension deficit)||||1,390|||1,390|2,508|
|TOTAL EXPENDITURE||||242,314|1930|3,675|247,919|30S,048|
|Net Incomel(Expenditure)|forthe||year||||||
|before other recognised||gains||39,826|179,724|412|219,962|133,680|
|Other Recognised Losses on||investments||(22,825)||(5,440)|(28,265)|86,918|
|Nst incomel(Expenditure)|forthe||year||||||
|and Net Movement
in Funds||||17,001|179,724|(5,028)|191,697|200,59S|
|Balances at 1stJanuary 2020||||717,754|597,791|207,215|1,522,760|1,322,162|
|Balances at31stDecember||2020|10-12|734,766|777515|202,187|1,714,467|1,522,760|
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|Trustees
receiving
remuneration
is the Re|gional
Minister Revd|
|---|---|
|Remuneration|836,000|
|Employer
Pension Contributions|F4,225|
|Other costs|83,487|
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|FOR|THE YEAR ENDED 31STDE|THE YEAR ENDED 31STDE|CEMBER 20|20||||||
|---|---|---|---|---|---|---|---|---|---|
|5|TANGIABLE FIXEDASSETS|||||||||
||Computer
and Office Equipment|||||||||
||At cost01.01.20||||||37,972|||
||AddNons||||||1,014|||
||Cost 31.12.20||||||38,986|||
||Depreciation
- at01.01.20||||16,357|||||
||- for year||||6,780||23,137|||
||Net book value at31.12.20||||||15,849|||
||Net book value at31.12.19||||||21616|||
|6|DEBTORS|||||||||
||||||||2020||2019|
||||||||8|||
||Inter-company
Account -|East Midland||Baptist Trust|Company|Ltd|1,723,723||1,687,381|
|7|CREDITORS - Amounts|fat8ng due within one year||||||||
||||||||2020||2019|
||||||||8||8|
||Taxation and social sscudity||||||2,797||2,546|
||Other creditors and accruals||||||1,516||959|
||||||||4,313||3,505|
|8|PROVISION FOR LIABILITIES|||||||||
||||||||2020||2019|
||Defined Benefit Pension|Scheme Deficit Liability|||||||8|
||Balance Sheet Liabilty at||1stJanuary 2020||||85,100||87,762|
||Deficiency Contributions||paid||||(6,727)||(8,566)|
||Interest Cost
Change
in Liability||||||1,390
~127.236||2,508
3,396|
||Balance as at31st|December 2020|||||61227||85,100|
|9|ANALYSIS OF NET ASSETS BYFUNDS|||||||||
||||||||Unrestricted|Restricted||
||||||||Funds|Funds|Total|
||31stDecember 2020||||||8|6|8|
||Fixed Assets||||||15,849||15,849|
||Current Assets||||||1,552,561|202,187|1,754,748|
||Current
Liabilities||||||(4,313)|-|(4,313)|
||Provisions for Uabilities||||||51,827)||51,827|
||||||||1512,270|202,187|1,71 45?|
||31stDecember 2019|||||||||
||Fixed Assets||||||21,615||21,615|
||Current Assets||||||1,380,536|209,214|1,589,750|
||Current
Liabilities||||||(3,505)|-|(3,505)|
||Provisions
for Liabilities||||||(85,100)||85,100|
||||||||1,313,546|208,2'l4|1,522,760|
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|12|RESTRICTED AND ENDOWMENT|RESTRICTED AND ENDOWMENT|RESTRICTED AND ENDOWMENT|FUNDS (Continued)|FUNDS (Continued)||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||The Hunt Legacy|is used to support work amongst women,||||with a preference|for|Derbyshire.||||
|||'The Thomas Cooke Fund||isa legacy|supporting
ministry|within the Loughborough|||District.||||
|||The
Button
in|Ashfield|Fund
is|to
be
used
for|the
advancement||of|Baplist||work|in|
|||Notdngham
shire.|||||||||||
|||Leicester Association
Fund - This respresents
the residual|||||funds ofthe Association|||to be used||to|
|||support the minisby
in Leicester.|||||||||||
|||The Peterborough|Prison|Chaplaincy|Fund
is a fund|to|support
the ministry||at|Peterborough|||
|||Prison.|||||||||||
|||The Burton on Trent Fund||istoassist|young people to|attend Bapist evenN.|||||||
|||The income from|the Hart|Foundation|supports the education
ofBaptist Associaton|||||area.|||
|||The Midland/Pegg|Trusts|provide grants
forthose in theological
training.|||||||||
||m/n/o|The income from|the Round,
Keywood, Doric and Knipton||||Trusts are distnbuted||to|various|||
|||causes.|||||||||||
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