CHRISTCHURCH Banstead ANNUAL REPORT AND FINANCIAL srATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Registered office: 150 High Stree Banstead, Surreyi SM7 2NZ Company number 06700653 Registered charity number.. 1126514 Christchurch Banstead Annual Report & Financial Ststements for the year ended 31 December 2021 Contents Pages Trustees Annual Repjrt for 2021 1-12 l. Introdurtion 2. Achleving the Church's Purpose Purpose and aims Values Overview of 2021 FLthre plans 3. Finanoal Management Financial review General Fund Mission Fund Development Fund Speclal collettions Property valuation review Going Contrrn review 4. Charity Management Church leadership Ministry and Servi￿ structure Staffing 5. Govemance Church status Detalls of key advlser5 and Servi￿ provlders Organisational affiliab'ons Beneficial relationships Health and safety and secuiity Safeguarding Data Protection Risks and uncertainties Trustees, accountsng and reporting responsibilities 10-12 Auditorfs Report to the Member5 13-16 Financial Ststements 17-26 statement of Financial Attivities 17 Balance Sh*t 18 statement of Cash Aows 19 Notes to the Accounts 20-26 Christchurch Banstead Charity registration number.. 1126514 Company number: 06700653 Registered offi￿. 150 High Street, Banstead, Surrey, SM7 2NZ ANNUAL REPORT AND FINANCIAL STATEMENTS FOR 2021 Introductlon Christchurch Banste3d (or"the Churth.) was incortx)rnted as a private company limit by guarantee (Company numter 06700653) on iph 5eptemter 2008 and thereafter was register&J with the Charities Commission (Charity numter 1126514). The Trustees present their ￿P)rt and the financial statements of the Church for the year ded 31 Decemter 2021 ("2021 Ji giving an account of how the Church has fulfilled its charitsble and legal Obliga￿On5, The financial st*ments have ￿en prepara in accordance with the accounting p3licie5 set out in Note I to these financial statements and comply with the requirements of the ststement of Recommended Practice"Accounting and Rewrting by Charitr"&s" effective from January 2019 (which complies with the provisions of Financial Rep)rting Standard 102) and the relevant provisions of the Companies Act 2006. This retK)rt provides an account of activity during 2021, under the following theme5: Achieving the Church's PurTX)se Financial Management Charity Management Goveman Achievlng the Church's Purpose 2.1 Purwe and Aims The Church's purwse is to advan￿ and exwess the Christian faith in particular by: making known the Gospel of Jesus to as many wple as wssi￿e. maintaining an undenominational gospel mission work,. making faithful and otedient disciples of Jesus Christ. equipKxng Christians for ministry and encouraging them to use every SI￿n￿)a1 gift kyovided by God in love, in accordance with the Bible. worshipFMng God in every part of Fersonal and corp)rate life. functioning as a local church of Christian believers,. and pursuing lif*le, social action and community involVem￿t consistent with Biblical teaching. The purw5e and alms of the Church are focused on bringlng spirltual t*nefit and practical assistsnce to those in need, esFecially those within our local community. The prime spiritual LEnefit is to bring p8)ple into a direct relatlonshlp with the Lord Jesu5 Christ, while the prattical benefits flow from 3 desire to rdect the love and truth of Christ in a needy world. Spiritual ben￿lts To achleve these we engage in.. Evangelism to all, regardle55 of age, sex, lifestyle, ability or ethnicity; Public Christian worship,. Bible teaching to childr￿, young people and adults,. DISCI￿eship to those who want to grow in the Christian faith. Training for those who participate in the work of the Church. and SupFQrt for organisatlons and indivlduals who engage in evangdlsm, church planting and Bible teaching across the wodd. Pradical benefits To achieve these we provide in a Biblical context: R&￿tIonal and learning facilities for children and young Feople; Support to young famili￿ and parents. Pastoral and practical care to others in a variety of settings., home, hoskitsl, nursing homes and prisons,. Counselling and training in relationship iS￿e5. and Supp)rt to organisations and individuals who provide care or to the personal n&s of others. These two channe15 of the Church teing a Èenefit to others direttly flow from the teaching of Jesus Christ.. "I am the light of the world. Whoevw follow5 me will never walk in darkness, but will have the light of life., (Matthew 8.12) and "Let your light shlne before men, that they may see your good deeds and praise your Father in heaven." (Matthew 5.16) The Church operates as an undenominational gospel mission work to conform with the covenant on the church premises. This is achievd through delivering all the adivities of the Church in an integrated manner. Worshipi teachingi training and mission are the reason5 for every attivity and a5￿cl of the Church's life. This follows the Biblical pattem of church life in which there is a continLSOUS cyde of disciple-making, discipl*equipping and disople-sending to make more disciples of the Lord Jesus Christ - all within framework of worship and Biblical teaching. The Trustees tske this opportunity to reaffirm their full commitment to the ststa1 purp)se ènd to the Church's Statrment of Falth (as displayed on the church webslte). 2.2 Values The Church's primary values, introjuced in January 2018, are as follows: Je5US.. it's all abjut him. The Bible... everything we negj to know a￿ut ev￿thIng that matters; The Cross... the place of forgiv￿esS, the power for change; Each Other.. all telievers in Chrlst kelong to God'5 family; and The World... we want to share God's gocd news with everyone. 2.3 OveNlew rf 2021 Our key obJ"ectives ￿Mained unchangej, refietting the continuing Wr￿Se and aims of the Church whith a￿ to.. l) provide a full programme of evangellsm and outreach,. 2) maintain a firm commitment to discipleship and ministry trainingt 3) supp)rt the community within a Bibllcal framework,. and 4) develop the Church as a local body of Christian telievers. Inevitsbly the Church continued to te affected by the Covid pandemlc. The Govemment guidan￿ required many groups and meetings (including the Holiday Bible Club) to be held 'online' or to te suspended and stsff to work from home for a Feriod. However Sunday Sery1￿ were held on site throughout the year, including during the national lockdown. The Trust*s decided it was apFYopriate for the Church to remain open in accordance with the Government'5 exemption for places of worship. The savice5 continued to 'livestreamed' f￿ those who felt uncomfortable attending 'in Ferson,. By the avtumn, the majority of the regular congre3ation had resumed attending seThi￿5 and only the'livestreaming, of the morning service was continued, Those older members of the congregation who did not attend the seryices continuej to be supp)rt8J through the weekly delivery of the news sh*t and a DVD or CD of the services, The Jack and Jill PrtrSchtx)I was able to remain open through the year. Our supp)rt of Ridgemount Care Home was continued through the provision of recorded SeN1￿ on DVD each month. The pandemic again preventej our Mission Partners - the Creightons (in Nigeria}, the Millers (in Spain)- and Waseem Khokhar (Pakistan) from visiting the UK. They We￿ able to Joln some of our monthly prayer gatherings via video. Despite the Inevltable frustrations and disruptions as a result of the pxndemic, there was still a full programme of outr&ich events. These included an Oren W*kend (with Glen rivener the main spEaker), Exploring Jesus courses and 'Covid Conversations, (guests inteNieweJ via videx)), as well as the more regular guest events, such ès Men's and Womem's brea￿aSts. EsFecialSy encouraging were the numbers attending our family and children's events.. Easter Eggsplored, the Light Party (the Hallow&n alternative), the High Street Christmas Community event and Carols Round the Crib. In additlon to all these events, Servlng Memter5 and regular memtxts of the congregation were encouraged to participate in community groups, with the purpose of tmjildlng a wlder Qrcle of friends with whom they can share the gospd Fersonally or invite them to Church events. This challenge to the Church evolved into the Community Outreach Project and several members have since join& clubs or groups. One of the highlights of the year was the Church Weekend Away in OctotEr at Denham Grove, postp)ned from 2020, attended by 162. After 18 months of constsntly changing restrirtions on meeting together and the fear the restrirtions created, the weekend ovided the ￿erf￿t opwrtunity for the Church to gather and enjoy fellowship and to r&eive eXcell￿t teaching on the beatitudes by Tim Ward. The Youth Summer Camp was also able to take place On￿ again (in Sizewell, Suffolk); 31 young Feople and 27 adults (including the catering team) attendej. Although it was not Fossible to run the usual weekend camps for Dad5 and Lads, there was a full activities day attended by memtErs of the church and congregation and their friends. Three camps are planned for 2022. Baptisms are always a great encouragement to any church. It was Immensely encouraging that five Feople were baptised and four bttame Serving Member5, bringing the SeNing Memker5hip to 145 at 31st D￿ember 2021 (142 at 315t December 2020). A review of Small and Local Groups commthcej with a view to achieving a greater consistency by Size and l¢xadon, and espeoally to creak one or two addltional groups. A great sadness for the Church was the extended illness of the Senior Pastor, Kevin Newman, over much of the second half of the year. The Trustees and the whole Serving meM￿r$hiP continue to pray for him and for the resumption of his leadership of the Church. The Trustee5 are especially grateful to all memters of staff and to all the Serying Members who served so willingly and sacrificially through very adverse circumstances, in order to maintain the Church's gosrel ministy and to honour the Lord JesLbS Christ, 2.4 Futu￿ Plans The objective of all future ministry is, as stated in Matthew's G05Fel (chapter 28 verse 19), to go and make disciples of all nations, to baptise them in the name of the Fath￿, Son and Holy SFirit and to teach them to otey everything our Lord has commanded. The Church will continue to fulfil its purp)se and aim5 through ministry whKh is Christ- centred, Spirit-fllled, Bibltrbased and prayer-fuelled. This wlll te done by using the same four key objectives and pursuing the theme of "Go, Win, Grow". The Twst*s will continue to review the appropriateness of diff￿nt formats and channels for the ongoing teaching and outreach of the Church. The main outreach event for 2022 will be an extended'open Weekend, from 16th to 2￿, Jufte. In terms of discipleship, The Course of Your Life projramme will continue. The review of Small and Local Groups will te completed and changes implement&l during the spring term. The working group set up to conslder the p)ssible next steps the development of the site has ￿0MM￿)ded improvements to the foyer and frontsge of 150 High Street as a first step. It is PJFerted that this work will tske place in 2022. Finanaal Management 3.1 Flnanclal Revlew The Trustees have continu￿1 to seek the Lord's leading for the Church's ministry and mission work and are thankful to all who have given faithfully to support this work especially durfng this past year, nO￿lthstanding the ongolng pressu￿ resulting from the Covid-19 pandemic and the more rttent energy price volatility. Voluntsry income was overall lower * £429,521 (2020: £450,618), as anticipated, whilst the level of stEnd increased to take account of delay￿ and deferr￿ costs from 2020. No specific need arose to request additional funds, and the benevolent reserve was largely unspent, although f¢%r SFecial collections were taken in 2021 to wovide resour￿$ to other mission organisations to sustsin Christians in other parts of the wortd. Totsl income ￿e1Ved covered the majority of the costs of charitsble activities and governan￿ of the Church. The deficit across all funds of £36,257 was covwed by the surplus from 2020 (£37,265). Loan repayments have continued as planned for the Charity Bank mortgage, which stsrted off fully drawn at £125,000, serured on the Manse at 12 Oakley Gardens. The remaining capitsl to I￿ repaid is £112,000 and is due to be completed in Decemkr 2034. No additional capitsl repayments have LEen made as the continued economlc urscertainty means holding significant reserves against rK)tential future ne8Js is prudent. The Church's free resaves (defined as net current assets of the General Fund only) at 31 Decemter 2021 remained significantly higher than in the years tefore Covld, at £193,408 (2020.. £213,092), for which we thank the Lord. Summary financials for each of the three main funds are given below. Further detalls can te found in the finanaal ststements and ￿lated notes (including the definitions in Note l). 3.2 General Fund During 2021 the Church maintslned a full range of activities through both physical, when allow￿ and online platfomis, Increasing ability to meet in person meant that activities deferr&i from 2020 such as the Church Weekend Away, the Youth Summer Camp and the Dads and Lads w*kend were able to go ohead, with a correswnding incwse in income and costs (as the events a￿ broadly 5elf-fund&J). Other costs such as hosptality continued at a lower level whilst the additional costs to provide sustsinable livestreaming of servi￿$ and outreach events continua. Some maintenance and other equipment replacement costs wtte deferred from 2020 and have been inoJrred in 2021 but have teen tightly controlled so that the reserve5 at the start of 2020 have been maintained at the end of 2021. Regular giving was largely sustained through 2021, but the totsl voluntsry givlng decr&1S￿ to £338,734 (2020.. £351,832), reflecting the lower levd of lump sum gifts versus the prior year at £26,986 (2020.. £41,432). The totsl costs of the General Fund church activities were £412,451 (2020: £329,277). The net deficit after transfers for 2021 was £23,326 (2020: £42,020 surplus) after charging depreciation of £3,642 (2020.. £3,642) and transferring £7,200 (2020.. £5,0(x)) to the Develowent Fund to fund monthly repayments of the capitsl element of the mortgage. At the year end, General Fund cash reserves were £155,159 (2020: £157,430). which was greater than anticipated a5, even after srending funds carrted foward to meet exFendItU￿ deferej from 2020, there was no signfficant decline in donations or an Increase in the need to SUPP)rt churth manters financially. We thank the Lord for his provision. 3.3 Misslon Fund Mission Fund voluntary income in 2021 was high￿ at £80,981 {2020: £78,612) including Gift Aid received and r￿e1Vable. Of this income, £16,200 was spEcifically donated for three separate appeals (see paragraph 3.5). Totsl Mission Fund costs including Ministry and mission staff SUPEK)rt costs was £85,123 (2020.. E72,307), including the payment of the funds to reripients of the srecial collecti¢)ns, As a result, there was a £4,140 net oufflow of funds for 2021 (2020: £6,349 increase), and reduttion of Mission Fund reserves èt end-2021 to £35,869 (2020.. £40,009), which is sufficient for the medium term. The Trustes will s￿k to increase Missionary SUPFOrt levels during 2022. 3.4 Development Fund Lump sum gifts and regular giving from members during 2021 totslled £7,020 (2020: £9,810). Gift Aid received and receivable on the total giving and lump sum gifts totslle £1,586 (2020: £2,453). Overall, there was a small annual shortfall of £537 after costs of £9,256 (2020: £5,653) including £4,147 interest on the mortgage from Charity Bank (2020: £4,473 Interest and related costs). As noted a￿Ve, £7,200 (2020: £5,000) was r￿1Ved from the General Fund to flnance the cost of the capitsl eiems)t of the monthly mortgage repayments to Charity Bank. The totsl net assets of the DeVelopM￿t Fund, being.. the proFrties at 158 &1601160a High Street and the Manse at 12 Oakley Gardens, together valued at £1.83 million (2020: É1.83 million), including £225,000 for the lock-up shop (investment prorerty). other net assets of £32,518 (2020.. £32,874), net ofthe Charity Bank Mortgage of £112,072 (2020.. £118,978) and the remaining £27,000 interest ixaring Faith Loan (2020., £27,000),, increased in value by £6,550 {2020'. £11,610) to É1.723 million (2020: £1.717 million). 3.5 speclal Collectlons During 2021 the church had th￿ sFeclal coll￿tiOns. The first was for operation Mobilisatson to sUp￿rt their effort to help feed day workers in India during the Covid-19 lockdown when these workers could earn no money. The coll￿tIOn, along wlth gfft aid recoverable, enatr4&1 two donations totalling £6,550 to te made. The second, our HaNest offering, was to sUp￿rt the bursary fund at the Jos Evangelical Th￿lOgY Seminary where14ck Creighton works. This fund enaues students from backgrounds to attend the seminary. Together with gift aid we were able to donate E4,SlJ). The third collection, our Chii5tmas offering, was to SUPPOrt the Barnabas Fund and Lahore Evangelical Minlstrie5. This latter gift was again to help provide supwrt to the day workers in the brick kiln v¢llages near Waseem Khokarfs thurch. In ￿th cases we wpJe able to donate £2,Cx)O. 3.6 Property Valuation Revlew A valuation was carried out by Siefers Ha￿lSOn Limited (RICS) in April 2020 which suppKrt5 the capitalisexl valuation of the ￿nted 160 High Street lock-up. The development of the 158-160 High Street bjildings for Church use was completed in eady 2014 and they remain in very good condition. In addition, there has b*n development interest in the n8ghl)ouring propErties which supp)rts the valuation of Church proFerties. Demand for family houslng Lsnits in Banstead remains strong, and the Trustees are confident that the valuation (against which the Charity Bank mortgage was serured) remains atove the purchase kyl￿ at which 12 Oakley Gardens is held in the accounts. Hence the Trust￿ consider no impairment charge is r￿uir&I as at 31 DeCeM￿r 2021. 3.7 Golng Concern Review The impact of Covid-19 on Church finances during 2021 was minimal, for which the Trustees give thanks to Gtsj. There is a risk going formiard that some Church members are unable (e.g., through Job losses or wage ￿dUctIOnS or infl*ionary pressures) to malntaln or increase their regular glving from current levels, as anticipated. Additionally, the Church may be Call￿ uwn to provide financial and other practical assistsnce to memters as the continuing effects of the pandemic and energy pr1￿ volattlity work through the economy. The various Church fund budgets pre￿r￿￿ in early 2022 allow for i*nevolent funding of Church members in particular n￿d, and the incUrr￿ce of deferred costs arising from the restriction5 causej by the pandemic but indicate that the overall funding reqUir￿ent for 2022 and projected reseryes wsltion heading into 2023 15 manageable. The budgets include Gift Aid accruing from lump Sum gifts received in 2021, and some provision for lump sum giving in 2022 (refl*ing lump sum gifts receNeJ and a modest levd of additional gifts). The 2022 ￿dgets also include monthly repayments of the mortgage from Charity Bank secured on the Manse at 12 Oakley Gardens, which is repayable over a maximum of 15 years, and demonstrate the Church ha5 the capacity to repay the ￿Main1ng F3￿h joan if required. The budgets also refiect the plann&1 OFen w￿kend and Youth Summer Camp. The Twstees will continue to monitor the regular giving and take appropriate steps to manage costs, if needed, taking into account the General Fund ￿erves. At the cUr￿nt time the￿ is no indication of a reduttion in giving and several new memiErs have begun to give. In concluslon, the Trustee5 congder that, notwlthstandlng the contlnulng economlc uncertsinties, it is appropriate to P￿*￿t the financial ststements on a thng Concern basis. Charity Management 4.1 Church Leader5hlp Leadership throughout the Church must be Bibllcal, prayerful, unitej, flpJible, listening and transparent. The overall reswnsiiility for the legal and spiritual leadership of the Church rests wlth the Trustees, who are the Senior Pastor, Elders and Deacons. During 2021 they were: Elders Revd Kevin Newman Aftd￿w Grimstone John Phillips Paul Atterbury (until 6" May) Andrew Butt Andrew Evans (from 6" May) Stewart Foster Andrew McKenna Nigel Paget Fred Paton Shak Sulliman Deacons From May. Edmund Coorer and Daniel Gomes attended meetings as observers. Elders and Deacons are selected from among the setving memLErs, usually serve for a nod of three years, and can be reapp)inted. Befo￿ an Elder or Deacon is ap￿intO￿ or rtrappointed, the SeNing Memtership is given an opportunity of indicating in writing if they are awa￿ of any substantive reason why the person should not ￿ apwinted, The apFointment of Trust￿$ is conflrmed at the annual mtrtlng of serving memLErs. Newly app)inta Trust￿ are advised of their resp)nsibilities as a Trustee of a charitable company and the S￿lfIC requirements of the Church's governance documents. They are also trained in the princip￿eS cl Christian leadership. The training needs of Trustees a￿ regulady reviewej. The Church leadership 15 wimarily accountable to God and is rttognised by the local church. It maintains an oversight of all Church and fellowship issue5. Matters of thurch discipline are also handled by the Trustees, but in a strictly confidential manner. The Trustees met on 20 occasions to fu￿11 prayerfully thelr resp)nsiiJ'lrties, which included maintaining spiritual oversight of the Church, agreeing plans for the fulfilment of the Church's aims and objertives and all¢xating resources to achieve those plans. The Trustees are satisfied that in fulfilling their resFonsibilities they have compliej with the duty to have due regard to the Charity Commission's guidan￿ on delivtring public benefit from the Church's artivities. 4.2 Mlnistry and SeNlo Strurture To fu￿11 the aims of the Church, the Trustees delegate responsibility for the wulèr ministry and service activity to approximately 40 ministry and service groups, each with group leader. The group leader is requi￿ to maintain a Biblical approach to their leadership and to comply with the Church's OFerational pJlicies {e.g. Health & Safety, Security, Safeguarding, Data Protection). The SeNing mern￿s meet at an annual meetlng to consider the Tru5tets' report and financial statements, and to transact other business as deemed ne￿Sary ty the Trust￿5 or determined by the Church's fy)VeMan￿ documents. 4.3 Stsfflng The following comryised the stsff during 2021. Those with an asterisk (') did not re￿1ve any financial SUPF4)rt and those shown as (pm were part-time.. Gaynor Atterbury Rick and Alanna c￿1ghton Andrew Evans Naomi Foster Stewart Foster Nicola Goddard Daniel Gome5 Andrew McKenna Terry and Christine Mlller Fran Newman Kevin Newman David Parkes Tamaryn Pitout David Ridal Caroline Scott-Evans Lorraine Sulliman Lisa Travers Families Co-ordinator (pm Mission Partners in Nigeria Associate Minister Families Worker * (pm FacilItl￿ Cwrdinator . (pm Pastorèl Secretary (pm Assistsnt Minister Associate Minister (Music and Media) Mission Partners in Spain Operations Manager (Pry) Senior Pastor Caretsker (PTh) Ministry Assistsnt (pm until 31 August Youth Minister Pre-school Manager (pm Flnance Assistant (pm Assistant Minister (Child￿n} A further five part-time salariffl stsff are employed in the Jack & Jill Pre-Sch¢)ol. The arrangements for setting and reviewing the pay and remuneration are undertaken by a Remuneration Group of three Trust￿ Directors, Andrew Grimstone, Fred Paton and Andy Butt. In undertaking their role, the Group considers the comparable levels of supFort syovided by similar churches for S￿}riC roles and responsibilities, together with individual circumstsnces. Governance 5.1 Church Ststus The Church Is a charIta￿e company, re]uIr￿ to comply wlth the detailed regulatory framework for such charities. The Trustees act within the remit of the charitsble company's Memorandum and Artides of Associatlon. The Churth is an Inde￿ndent fellowship of worshipping and serving txlievers in the Lord Jesus Christ. The Church does not have any denominational affiliation. The church site and building at 150 High Street, Banstead, are governed by a prorerty trust created by a trust deed dated 12 June 1896, This deed requires the site and buildings on it to ￿ used for'undenominational gospEI mission work,. The trustees of the proFerty trust a￿ the same as the Church trustees. 5.2 Detalls of Key Advisors and Service Provlders: Prinopal Banker Barclays Bank plc, l North End, Croydon CR9 ISX Solicitors Anthony Collins Solicitors LLP, 134 Edmund Street, Bim)ingham, B3 2ES Mazars LLP, 2nd Floor, 6 Sutton Plaza, Sutton Court Road, Sutton, SMI 4FS Audito Architects Robinson, Kenning & Gallagher, Airport House, Purley Way, Croydon, CRO OX2 5.3 Oryanisatlonal Affiliations During 2021 the Church maintained its memkrship of: Evangelical Allan￿, the largest UK organisation of evangelical Christians the London Gosk*l Partnership, a group of Bible ￿lieVIng churches seeking to advance the Chrlstian faith, 5.4 Beneficlal Relationships Th￿TrUSt￿, Kevin Newman, Shak Sulliman and Paul Atterbury (until 6th May) a￿ all married to stsff memtErs who We￿ financially supwrted during the year. Two Trustee5, Nigd Paget and John Phillips, are also Trustees of BeaconWht Trust, a Christsan charity I￿ by a former S￿l0r Pastor of the Church. The Trust use5 the Church premises as its ￿gIStered and postsl add￿55 and for the storage of archives and makes a small financial contribution to the Church. 5.5 Health and Safety and Security The security of the premise5 is continually ￿VIewed. Key asp& of this are continu vigllance by all users and open and clear visibility of use of all areas of the building to deter OPFQrtunists. The fijll Health and Safety review was undertaken as planned. io All essential fadllties were maintalned throughout the year but, agaln on account of Covid-19, some work wa5 deferr&l. New heating was instsllgj in the rear hall in February 2021. In relation to food hygiene, the Church holds a 515 rating awarded foll¢)wing a food safety insrection undertaken by an environmental health inspector from Rel￿te and Banstead Borough Counol in January 2020. 5.6 Safeguarding People working d1￿ctlY with child￿n, young peO￿e and adults a￿ Subj.￿ to DBS checks, Carri￿ out via Thirtyone:e¥ght and reviewed every three years. The Safeguarding Officer and Deputy Safeguarding Officer attend&1 training from Thirtyone:eight on spiritual abuse, following which the Trustes were iyiefed on it. The Safeguarding Policy and Procedures were extrnded to embra￿ spiritual abuse, and separate training sessions run for those working with adults and those working with children and young Feople. No issues were rewrted to the Safeguardin9 OffI￿r which gave rise to con￿rn making it ne￿sSary for any to be to the Trustees. 5.7 Dats Protection The Dats Protection Policy was reviewed with no treaches repjrted in the 12 month period. 5.8 Risks and Uncertalnties The Trustees reviewed and upjated its Corp)rate R(sk Register in Novemter 2021. 5.9 Trustees. A¢counting and Reporting Responsibllltles Company law require5 the Trust&s to prepare financial statements for each financial Feriod that give a true and fair view of the state of affairs of the Church and of the results for that Feriod. In preparing those financial statements, the Trustees a requir&J to.. select suitaije accounting policies and then apply them consistentlyi make judgements and estimates that are reasonable and prudent; comply with applicable accounting standards subject to any material departures disclosed and explained in the finanaal statements,. and prepa￿ the finanoal statements on the going concern basis unless it is inappropriate to presume that the charity wi51 contlnue in opEration, The Trustees are resp)nsible for maintsining proFer accounting rerord5 which disclose with reasonable accuracy at any time the financial p)sition of the charfty and enable them to ensure that the financial ststements comply with the Companies Att 2006. They are also reswnsible for safeguarding the a55ets of the charity and hence for tsking reasonable steps for the prevention and det￿tIOn of fraud and other irregularities. John Phillips John Phillips (Apr 20, 2022 20:56 GMT+1) 20-Apr-2022 Independent auditor's report to the members of Christchurch Banstead Opinion We Iiai'e audiied ihe fiiiancial stareiii¢nts of Christcliurch Bai)sicad ITI)e '¢h2ri11 ) for Ihc i ¢8r ¢nded 31 Deccmbcr 2U? l iihicli coiiiprise tlie Siaieineiii of Fiiian¢ifil Actiiiiies. Ilie Balattcc Sheet. tli¢ Staici)ieni of Cash F]oii's wid Jiotc$ io tlie fiiiaiickal s(ai¢m¢i)ts. includiiig a swi)iiiaTh' of significaAt accoujiting poltcies. The financial reportiiig fraitttyi"ork" thai lias bcei) applied iii tlieir preparaiioi) is applicable laii ￿7nd United Kijigdoni Accoiiiiting Standards. iiicluding FRS 1112 -Ti)¢ Fin￿le181 RLporiiii¥ Staiidard appliLable in Ilie UK and Rcpublic of Irelwid." {Uiiit¢d KingPd￿I1 G¥"ner411 Acccptcd A¢coillllillkF Praclice). In our opiiuon. the fmancial statem￿11$,. gil'e a ttue aiid fair i"]eii" of tlie siaic of Ilic charits"'s affair5 as at 31 Deceniber 2021 and of its iIICIHi)e aiid e.KpciidiNre for tb¢ I"¢ar tli¢n ended.. liaie becii prop¢rli prepared iii a¢cordaiJc¢ li ith Unitcd Kiii¥doiM GcJi¢rnlli' Accep￿d Accounliiig Pra¢ti¢e: ai)d hai"e been Prepared li) occordaiice il'iih the requirenieiits of thc Companies Act 21KI6. Basis for opinion W¢ ¢ondiici¢d our audii ui a￿OrdanCe li ¥di Inl¢rEMtional Sittndards oil Auditing (UK) IISAS (UK)) and applicabl¢ laii. Our r¢sw115ibililies ui)der IIy)5c stsiidards ar¢ flffthcr descri￿d Iii the Audilor s re5ponsibili(ies for tlie audit of the financial stat¢Liieiits $￿tion of our r¢pon. W¢ are iLidepeJid¢nt of thc ¢hanti' iii occordanw ii.ith tl)e cihical rcquireiiiciils thai are TcIci"£1ni io our audii of ihc rJA￿l¢la1 staicni£iit8 iii Ihc IJK. iiicludJii8 tlie FRC-S Ethical .Siandard apd hai'e fulfilled our otlier ethical t¢sponsibilities in awordartcc ii"Ith tliese rcquir¢in¢nis. We ￿lie1'C tliat the audit ei"id¢nce lie l)ai¢ obtaiE)¢d is suifi¢i¢iii wid appropriate to proi.ldc a basis for our opinioii. Conclusions relating to going concern In 8udiiing th¢ fll)aiicial sialciiieiits. li'e liai-¢ coiicluded that tl)e INsi¢¢S use of thc goiiig concern basis of accountiiig in ¢l)c prepara11￿1 ofih¢ fil1￿1claI sia(eiii¢iits is appropnaie, Based thc iiork li'e hai'e p¢rfonncd. li"¢ l)ai'e iiot ideiitifL¢d ani. Inatcrial un¢crtainlies relating io Ci'¢nts or coiidiliolls tliai. indii'idualli- or ¢ollcciii eli.. iiiai. cast signifi¢th)t doubt oli th¢ cliarih-'s ab&liii' ro wiitinue a5 a goiiig Goii¢cni for a p¢riod of at leasl liieli'e nioiiths froin li.heii ihc financial siatciiients are auth0ri5ed for i55ue. Our respoiisibiliiies aiid tl)c rc5poI)sibilities of tl)¢ tNste¢s ii'iih r¢5￿ct to 8Otng conc¢ni are d¢s¢rib¢d in thc r¢l¢i'ani ￿¢tIonS oFthis rep)n. 13 Other information Tlie oiher infomiaiioii ￿l￿priSeS the inforniaiioii iii¢luded in ihe annual r¢pori. Other LI￿￿ ihe finwi¢ial $tateiii¢iits and our nuditOT s report thereoii. The m>5tees ore respoi)sible for llic otlier infornia¢ioii. Our oplliion on Ili¢ fiiiancial staleiiienis does noi ¢oieT the oth¢r infornialion and. excepi io d)e cxlejit ot]ieThi'ise eNplicitli' stated iii oiw report. li'e do noi e.xprcss ani" fonn of ftssuran¢e coiiclusioii thereon. In coiineclioi) iiith our audii of the financial statrment5. our Tesponsibiliti. is to read th¢ other infoniiaiion wid. iii doii)g so. cortsid¢r iilicther ihe oil)er ii)forniation is niatcriallTr' liicoiisist￿1t i%iih Ilic finaiicial 51aieiiiciiiS or our knoii'ledgc obiaii)ed ii) die collrw of Ihe oudii. or oili¢tii is¢ appears io be niaierialli misstaied. Ir ije ideiitiA- sii¢li niaierial ii)coi)sisiencies or aPP1c reni inilterial nii$5tateiiicLIt$. 11¢ 4r¢ rcquircd to d¢icnniii¢ ii-hether Ilicrc is J Lnaterial iiiisstatemeii( lli itLC fjitsiicial sta¢enientS OT a iiiaierial niissiaiemeiil of tlie oili¢r iiifornaiioii. If. based oil tl)¢ ii'ork li'e liai¢ rftsnncd. iTre conelude that ihcrc is a ina¢erial niissÈateiiieL)t of tl)is othcr infomiation. li'e are required io report tlia¢ fa¢1. W¢ hai'c nothins 10 report in tlii5 T¢8ard. Opinions on other matters prescribed by the Companies Act 2006 In our opiiiioi). bas¢d op di¢ ii'ork uiidenukeii iii tli¢ ¢ourse of tli¢ audit.. Ihc inforniation siieii li) Ilie Trust¢cs Report ii"lii¢li in¢ludes tl)c DirectOJ3 Rcport prepared ror the PUTWSe5 ofcoiiipw)i" laii". for rlic finaiicial i ear for ii"hi¢h tl)c financial stht¢mairs ar¢ prepaTcd is coiisisieiil ii'iili tlie fiiiaiici1c I siaieiM¢nlS.- ajid Ilie Dir¢cioTS RcpoTI included iiiiliiii Ilic Trus1￿$ R¢pori l)as beui preparod ll) a¢¢ordan itll applicabl¢ legal rcquireinenis. Matters on whlch we are required to report by exception I]1 light of die knoii"Icdgc and uiid¢rstaiidinbT of ili¢ ¢liarili aiid ils eni'iroiiiiieiii oblaiiied in ilic coiw5¢ of ilie audit. ii"e hai"¢ iiol iden(]fied Inat¢rial Inisstal¢ii)eiits in ilie Dir¢¢iors RepM)rt uicluded il'iihin tlic Trus￿¢$ Report. We hai'¢ noihing (o r¢wrt in rcspe¢t of die folloii'in8 n)att¢rs in relation to iibicli ¢lie ColMp￿lI¢S Act 200(> Tequires us io report 10 I'oll kf. in our ophnion.. ad¢quatc and propcr ac¢ouiitill8 rc¢ords hai"e not been kept. orT¢tums adequate for our audit hai¢ i)01 bcen rece51 ¢d froiii braliches 1101 i isiied bi us: or Ihc f1112ncial siai¢iiieiitg are iiol 11) 1¢ gTeenien( li iLli Ilie acct)Ui11ing records and returns: or Genain discloswcs ofiTU51ces reniuiieratioi) $￿¢]riCd kn. laii. arc L)oi iiiade: or e liaie not rec¢ii"cd all ihe infornialioii wid cKplanatLOllS lie reqiiirc for our aiidit: or ilie Iwsiees ii'ere i)ot eiititled to prepar¢ tlie f51￿)ICial stsieiiienis iii accordance ii-itli the siiiall ¢onipaiiie% regiiiie aiid take adi-anlage of tlie sii)1c11 ¢oiiipaiiies eyemptioii in PTepariii8 ilie TTUStee5 Repon aiid froin t1￿ requireniejii 10 prepare a S(rai¢gic Repon. 14 Responsibilities of Trustees As ¢xplaiiied nior¢ full). in the Lruslecs respoiisibililics staicm¢nt sel oul Oi) pag¢s I1-12 tli¢ trusle¢s (1￿1)0 are olso lh¢ dirccioTS of tlie charitablc coinpai)i' for tlie purposes of¢oillpwii' are wsw)Iisibl¢ ror ihc pr¢paraiion of the fiiiancial staleiiici)ts &id for bcing satisficd tlial th¢1 gli£ a true ￿ld Fair '1￿1.. and for sucli tiitenial coiitrol as die tnL51ees dc¢eniiiiie is i)¢cessaTh' to cnable tlie preparation of riJiai)cial staten)eiils ilmi ar¢ free fioiii niaterial iiii551a(eiiiciil. ii'heilier due io fraud or ¢rror. ID preparing tlie fiiiancial stateLllcE)Is. di¢ trusiees arc responsiblc for ass¢ssiiig the ¢l)ariti" s abililv to Contlllllc as a goiiig conc¢ni. disclosinbl. a5 applkcabl¢. niiiicrs rclatcd 10 going coii¢em and iisiiig Ui¢ goiiig conceni basis of 8C¢OLlrtiing uJil¢ss Ilie Injslecs etilier iliieiid to liquidate Ili¢ cl)arin' or 10 ccase operations. or hai'e no r¢ali5tic alternaiiie bul to do so. Auditor's responsibilities for the audit of the financial statements Oiw objccliTr¢s arc to obiaiii rtasonable assurance about ii'hcther the rtnai)¢ial Si￿01)entS as a ii"liol¢ arc fr¢c froni mat¢rial iiiisstateEiieiiL ii.lieilicT duc lo fraiid or error. and io is5u¢ ali aL￿ltor s report ilwt iiicludes our opinioii. Reasoiiable assiLr4iice is a Iiigh I￿.el of assurance bill is iiot a guarattiec ihat an audit conducted iii accordaiicc iiiih ISA5 (UK) ii'ill alii-ai's d¢i¢ct a inatcrial iiiisst1c teiiierti ii-lien li eNi5ls. mi￿latel￿entS ¢aii Élrise froii) fraud or ¢rror aiid ar¢ consid¢red niat¢Tial if. iiidii"idualli" or in U)c aggrcgalc. d)ei' coiild r&isonabli" be eNpecied to influenc¢ tlie ecoiioniic de¢ision$ of us¢rs iaken OLI th¢ basi$ ofili¢ fin•icial staieni¢nt5. Irr¢gulariiies. including fraud. are Inst￿l¢eS of non 130,9401 Gif¥.4sd réwv¢r¢d 68.178 14.796 5,010 87,984 98.300 Net ￿$h Oows from oper&tkng AtthltlES 19.016 3.206 Cash fl•viY Ihmi knYestb¥*(dillle5 R¢nl le¢el￿d for 160 High Strc InTer¢st rrttiv 16,000 107 I6,￿0 16.001 Cagh IIDMS fro]n Ibwidn mortgAge loan receiv R¢p#￿i¢llt of InortgA@é capitsNI￿￿¢jooThS t6r<¥l p8iJ on OD Fiiffji Lo 21 25.000 16.0221 13.669) 16.W61 13,5801 16021 16,906) (3,Wl Cithwed InI(pr￿Ided b>) Ibwncb4*cdvlt IwTewlldttr¢46¢1 In ￿*h and equlvol¢nts 13.204} 7.392 1,173 98.033 Chang¢sits ￿l￿r￿S 744 15391 12Q5} ]ntrtAseJ(de¢re•se} In cash and ¢ABhe4V￿lIenlg. 112711 lJ.7431 7.187 1.173 98.033 147.741 C¥sh ttTNI ￿$￿ At l JaTWary' 157,430 30.120 58.224 24S.774 C*thAnd tquiv*ltnts *t 31 IkrembeT' 26.377 246 947 ¥ Tha¢ s£¢ tto ush b&l•MeeSorm￿￿￿thltsreIItlnS to th¢ F￿001￿ry￿¢￿f Fulld. 19 CHRISTCHURCH BANSTEAD D40TES TO THE FINANCIAL STATEMEwrs tor i'e&r etKled 11 IkcLTibLr 2021 I Prin¢lpol A¢¢ounting poli¢iL'S Tlw Ill￿n¢tal JlaieiiiLmlS aTL pfLpiirLd in fjeLOfLiarKL iiith the slaieni¢nl lil Te¢oiiiiiiimded i)ra¢iicL Accf)unlingi Reporti$￿ b!. ChaFIIIi issued bi ihe CIwTltI' Ci)IllmlSSll)D el'feetii'< Januarn. 2011) 1i4lii¢h cc)Jnpli¢s iiiih tk. proviill)ll% Lif i.Jnancial I£LPOrtin@ %tsAdard 102). "I'bL￿ arc also PT¥PiiNd undLr Ik. liisioric￿l coni'entii)n. n)tilil-*d b)" thc TLiialwliL)n ol- PTOlleTIiL$ aiid iniEsknnenis as deN¢Tibttl iii lh¢ rLleNunt nilc& aiid on u 8IIIIIB Cl)Iwem basi% l* be¢ljon 1.7 lif IhL' Aiinual RL4￿ri} in acc()rJaiic¢ iiiih api)licablc IJK.IC¥ountin&' stinJanis and in acciJrdancc Kith thL Coinpgvie5 Act ?(Xb. Unreslri¢teil fu#d¥ I'h¥ CTei)eral is Lixd to fil￿￿¢¢ Ihe Chuwh-s ii'ork. inBomiLaa. li rL'¢¥'iiL'S all iwimiie not id¥'ntitiLid io a parti¢ular PUTPO>e and pal's all ¥xi)eiisL's IncuTTr￿ in miiiniainin¥ the niiiiLStTh' and fabne ol-th chureh buildings iii Ban$t￿ Re5trlct¢d ond th5ign#ted funds Re*lTicILd liiDJ% Ll)iiii)ri* ihe MI￿￿10￿ l.'wid. i%hith }* li) fiT￿l￿¢ the ii"OTk. M.i"oThl Ilangt￿a in tl)e IIK Un￿01.<￿%¥￿s na th¢ inission N.loted trnin￿b &)f LbrisiLan iiurkers DeskgnalLLi l-und% coiiipribe thL, Dei¢lq)ment Fut￿, iiffiich TeLYii'¢S atKI klses funds lor the d¥￿¢10￿11¢1}t ol- IIK ChuTcII preini%es cil l )%. I fi(114i¥Jh 8ITeLs1 IhL ￿L￿nIe I l? nhklLn- GiifLIffli8'. Ilie.IA¥k- and.lill l¥e.Q's from Ihb Chur¢li pNniisc$. gpc¥i81 ci)Il¢cli()n%; Jorntions Ili and ¢liqT13C8 r()r ihL' LhurLli organi￿alL(lO5 al￿ S￿lItiC ChuTcli aLiiiilies lislrd iiiNoks 71 Endommtnt funds -I'hc i)reiiii¥¢% ol 150 14ig]I St￿tI, r¢presen¢in8 thid%)INnient capiiul. is IK'ld li)r thc benefil Ot the Chwth lls o pcrmaiuit capiuil l-u1￿. Reco￿1110￿ of Income All i'()li￿LarI. ilLOlllL, ¥X¢CI)I iaN T￿th￿rable uithLT Gitl Aid. and in¢iiiiii IrLiiiI Churih iiclsI'ill¥$ are a¢cciunt¢d Ioi. as TLC¥ii'ed. 'li?N TC¢OI'LYahlL js aL¢I)Unt¥d for iAihL pLriod in ii'hich ihe uiidLYI!"in8 8111 re¢¢ii'ed. Int¢te*l IrceJi'ablc i cci?iinted forin lh¥ ￿￿oLl Ic> lil11¢1i 11 T¥laies. L¢8iicies TecLii"able ar¥ L2c£ounled tor in thL' kieriixi in ￿'b1'ch Ihei. be¢lS. descrtb¢d iii NOIL 12. Govenunc¢ ¢ost% (Not¢ 1.31 eonipri5¢ all CO%1S ini"oli.i￿ iht public uc¢i)unidbilil!' o( ikn. charill. anti its¢iiniplianc¢ iiiih rcgulJlll)ii aiia giina i)rJcllCL, inLludinE tiir IFL. Chi￿h drfLlin)iiient. Ciid% include lh(￿. Nl¢itL'd lo IILI %thIUIOTr dudil. oni" liust￿,$ eNw*nses, pNIILSSLC)nAI li¢s atta oil uA)orti1sniiiLml i)1. 51&lTsuppiIrt rtnd I'l. iosts. Capltali5thtion r¢i'&luation of tAn￿ble fix¢d a55e¢s Iini)Ti)I'Liiiei)1s tii biiildings. ileiiis ill- Èixtlll￿S ttlling%. liirniliire aiul eciiiiimnent_ and inoioT I'ehiclLS, CO%till8 £i.(X)O or niore ¢tsPltJlisd LLMJ ana bLulditt8S i'olued Ui d¥thil¢d in Ni)te li. A¢countlng estimate5 yrL'a¥ of ju(Igement Est￿1alLS aiid jua8inii¢nlS arc ￿ntinUall!. and art ba%d lin b]"SlLriLal eNwieiieL aThl oih¢r laitors, ittl￿]ing ¢¥￿L￿110￿$ 01-wtu￿ ￿￿111% thai aff btli•'Lsd io bL rcasonable iiTLdir tli¢ Lircwn5tsnces. Thi t1)Iltsi￿]no criiical aeci)UDtinB ¢5liLiiat¢s knd areas Lif.jud8aiierts ti) noli.. al Ini'ebtnient pri)PEri!' i'aluutions- the imL'Slln¥ni PTOi)eTtt" i'aluaiion i% rL'i'i•i'ed ￿ il)e'lwsie¥s Jnnualli. in dLtail lor ￿le PiinXl%u>S ol-the dnnual aLci)unts. A% eNpluinL7d in Ik, JNiuJl reiK>rt, thi iiJi'¥slLiienl i)n)￿rtI. I￿luatIOn il'as last IvnnullTr I'al￿.d in Aiiril 20?0. ortd the prnIp¥￿%. ilas LonsidL'red io ranaiD al I','iir iiiliL" Jt Ihai dale. I'h 'Frusi¢￿5 iiri i)f Il)e vi)iiiiiiii t1￿11 ihL" pr(}Ix￿￿ r¥Ll1a￿￿ ai fall i-alw: (iii iiitsrkd li￿()litIallE)11 ai'diiuble. 81)d lh￿￿[ore clin>1￿"T ni) uni)ainiien¢ LIwTge is re4Ul￿￿1 81 I l Lkc¢JnbeT 2U?I. bl l.rLYhold resideiili %il [)IIi¢L Propert%" deprccialll)n- Ni) dei)r¢ciutLOn is char8ed iji Tespeel of the man￿ the CIiuTcli w'op¢rtlU> IIE li8 and Id) Iligh SITeLkl iiluih iALluded in baldnLC sh¢ei at1.01￿￿tion. Th¢ proi)¢TtiLs are lliainluined 1£) li Bood stundard, iiiih T¥'Pl￿s and JL'lu¥bisluii¢nis k'ing carried i)ut iih¢n iKc¢ssaTh", 20 CHRISTCHURCH BANSTEAD NOTES TO THE FINANCIAL STATEMENTS lisr thL l-ear ¥MeJ I I DL￿￿￿71beT ?U21 (¢oiiliiiLW'Li) -thErL'fi)r¥ ihe"fTUStety$ considLr tIMi thn!. Ikpwciaijon ¢knr8L Im pr￿￿￿1£$11.0uIa k. iininnterial inirjtii ch properl!" S Lbiiiiiat¢J rL'siJiial i"aluL' a￿1 ￿'m￿lnIng Ulel-ul CLO￿1￿1¢ lilL. Mi iinpairJiiei)I reii¢ii' is ¢arried oui th2u)yulls". I'k Ini$Kie% ¢OilbideT no iiiipaini1er￿ ¢haT8e is rL'quirLd a% al .1 I IXY¢mber ?021. ¢) l)epre¥ialioii cil-clJurih builaiiig and fJNeJ aS￿￿￿- tiy)rrtiation is ¢lwr8id in reffLci ot the (￿￿10 church buildinB inclLtsk.d in thi bal24 SI￿￿1 Jt i'alwiiiM 5111cL Ihc prei'iou* 14?lu8tiorn knilculuied al on ajiniial rjie o1.21/b lif thL' biri)ss rL*'4iluL.d aiHilU]It {a& 01 ihe dDl¢ ol-the la%1 i'fjILwlicin) pli7￿ Iiiiprill'¢nieni¥. Ikpn'ciation 1$ ehorbea in reiaiioii to iai)iliiliseJ dei-¢lc?pmciil cosis 10 iiTjIL oft-Il*iL' ¥1Tr4ts oirr I1￿￿e i'¢ars. %1)wid ligliting ¢ciuipiiiL'ni 1$ ¢iei)rnxia¢cd oj'er lil'i lears. Fixtures, littings. fiLnuiur¢ and 01￿￿ cquiNiient ore d¥'pteciaied teji i'eaT$. Tru¥tees emolyment$ and eipen¥p5 2021 2020 SeninT Pil%lOr'. £41.2S) 4.471 £4(1,15(1 I)¢n5￿On ¥O>ts A%%)ci8lL Mini%ier Imwic and Mediu).. '[￿￿*bIL IITllinLi411 %i1i)pi)rt Social *Luritl' ￿05t$ l>ensiiii) ¢•%1S £1? .SX7 77 £2.ts18 )_i,75n 961 AssIKiale Mini¥tLr. Ai4N)intty'd Ma%. •O?l %o¢iiil *bUTiI!' cosI$ l)ensioii Cobts £17.(￿7 1.542 £l..1()5 I'he TruslLes 8T¢ e0n%IderL￿ lo k. t1￿ kL!' man4s￿lient ver￿)Iv￿1. I'hL. Sei)ittr Pa%li)r and Nqiiiisiers iiere rcinurnYat¢d lis pennil1￿1 b!. tFL' QThurth.$'l.n￿tteshlp Docwiient. -I'hL' Senior l¥%lOT Illls reiiiibursLd iipln￿$ of £.779 I20211.. £7091 reldllTI8 Ii) coDfLrencLs aiid fJibl¥ literLIIuTe. Thc A%8(xialL Minister (m￿1¢ & MLdial T¥iinbur%ed LkI)en￿"S telatlDb li) court¢il idK. w'lei)Ix)JlL': Ll)nliIL'n¥e% and trai'¢1 oi £2,?7% (2020.. L2.4ill a[￿ ll￿. Assi)iiali Miiii51tr iiRs ￿￿libursta thpejises relli linF tii ¢c)u￿}I lax lil £1.288. No oikr-l-nislec ￿￿clI"ca an! eiiiolLull¢N or 118% JL'iJiibur*d ¢xpeLises. SIAff numb¢n IiiiLludiD¥ slatrtru¥t¢i51 2021 2020 AI'LTJ8L iwinkr eini)li)Ked. General Furtd Part lime Jiick & Jill Pte-school ti•ieral Fill￿l 7'a￿bIL linunbial SUPPQTI £251.76.1 £IC).fjl* £li.i4i £220,0.19 £12,293 l ension co*s ¢xi)endiluT¢ hcads i)ii th. i￿%15 Lil. Aal1'rÉ)ILs.' riener￿1 Fund StslT¢o%iS iNI)ie 81 tsivj JaLk aiid Jill tIL'.Schoi)l (Nolty I l). R¢l4ted parh. coThncctsd p*rh' tr8n$a¢iloD¥ Be)Ci)nI.Jglii Trnsi has dO￿le￿ £1 ?50 17010.. £ I,?Ofl) ill T¢¢l)8niiiOn oi using ()ftic¢ space ond phone ￿Tr.1¢t$ at IC?Oa Fligyh st￿1. Tii'c> ol'thv trI￿le¢S ¢?f13L'a¢oiJl.i81)i"Irusi are alsi) T1￿￿[CL￿ ol'Chri$iChurcli &911iILad. l)uri5￿ 2021. Ihe Cliwch £7.673 1•11?0.. £7.11181 io or iiJibLhali ol'ilie spou%e ofih¢ Seiiii)r P4lSlI)i a% le￿1b1L liiwncial sUPW)rt al￿ expLn*¢s I hL Lhurnli al>i) puid L4.8().1 {211111." LI 7.77VI and L7:Iw 12112U'. i4.iii), te>[￿ell1.￿lI', to QF 011 be]￿11-()r ol-lii'o other"I'rusicc% L15 laNable liiuneial supwrt ￿￿￿1]￿$. I'he Ii>i%¢l i-tt1￿ yl'LlIK'.Lin' gins ¥id r¢guldraoLiuliirtis (Tl)111 Tru¥lL*% )[) 2021 £l2.1 ()57 IJ)20. £1.10,666), Twl ul-ciiil CHRISTCML.RCH BAYSTEAD OTF.8 YO THE FI)1 ANCIAL ST.4TF.)IEI%TS for enw 31 D￿en1b¢[ 20?1 Icontiftudl 5 Perthns Th¢ Church off4¥5 An Sch￿¢ The PeopW$ ithich is i￿1¢F*￿t[Y idmiDiStertd A￿L The C)uirchC￿ty1knltes 10 tt￿$ s¢kn¢ Irt of those4mpl￿.¢¢$b0loIN w*on8bleA8¢ fw th il isr4uit¢db>"14w kn ￿0vIde a￿$￿thiS stjwtsw. Central P41ts51on DtsWt¢d EndDwment pltal Tot Toi*l 2021 2021 2021 21121 2021 202 6 VohuLtrtrybwome Donations Imd rc8ul¥Joff¥in85 Sp￿i&l ¢ollectioD5 Tax r%%OVLYabk 361.330 3,195 84.893 1.200 450.618 274,458 54,507 11,737 14.737 7.020 331985 It,737 INL599 64.276 1,586 33 734 ,981 ? Infome lI￿rn thwrh *rdiltlcJ Gen¢ral C(￿￿3t5 incomd from th¢ ka5UIB of th¢ 160 HI￿ Street lock'.up shop to Di￿lty. Fun¢rfyl$ of£16.000 {2020.. £16.0001 TeDTal ineom¢ f￿ ofpremi5¢s durfflm t¢mi iimt¢hargai to JAek & Jill Prt-scknl of £7.5(K)12020.. £7.300). Desiwted fond ￿cOm¢ irtc1ud￿th¢ JBck & Jill Prè-S¢hM>l local grbrtt fee5 tro￿1￿$ incomg. tO8¢th¢r i￿1￿Contr￿tIotiS ￿ Chvr¢h octiiiti¢S ¢I¢￿t￿l0f£0sts ar& rrtiw8¢d lo aiwde4% $u¢li ES rot th¢ Clwrch Il'¢. ChuT¢h Op¢n 1keeL..Il.e¢k￿ Sun)￿er I'oudj IIK frutn SkKhActiiiies (Bnd th¢ lated ¢osts) substsDli811k higlier in 2021 Es th¢se events abl¢w tsk¢ p14¢¢ in 2021 foUo%NinB d¢tattl from 2020 dll¢ lo ¢ovid r¢sttiw50ns. 8 Jntrgrgted ¢hureh x¢thltlts ]rLconfomiits' iiith the coveMani 77.040 3.992 324 613 22,3gl 910 1.193 81.389 12 Gwerni sUPPOrt rosi$ and infthmAtiOll ¥e ¢xy￿se5 Sllpporr h2lliDg O&Kr ii¢ms $143 ZJ7 595 975 6.194 330 725 7.249 1022 136 595 3.852 1123 Cmeral Fund office iirformAlioA tec1m￿l0£YexK¢ThseS gr¢ apwtion*O 75ts/èkn OuKr•l sUPWt ¢osty4nd 25*010 Govwunc¢¢osts Cqots 13 bdowl bAsgJ on4n Approxima* all￿ation of the rimetftheoffi¢¢ #iptM>rt ststy. IJ Goi"¢iwnce rosts Offi¢¢ ￿f0M)lli￿ t¢¢hnoio￿tY￿ Prof¢&$iotsAI f¢ .4udii f¢e Other Stems 313 1,357 6,522 1.559 4,168 126 8,?l2 6fK) 568 6.666 783 1&614 88 1.673 Pwf¢ssioNI f¢e$ in 2021 4nd 2020 ineludeo ￿?TOll s¢Thices rrovideA by MBtar$. 2021 aLWrt(l￿j th ¢os15 as5(Kiattd with wo*idir4desiBns for ne￿. ioilef fp¢jIiti￿ lrtthechu1¢h￿ in uDwov¢d facth ts the miin chuT¢h ￿7110￿￿. 14 bEt*etn tlmds In2021 £7.2QO was tr•th5fured froni the G¢neral FU￿ b the Ikv¢lopmaLtFund12020.. £5.0001 lo fin￿¢ th¢ ¢Lpitsl ¢l¢mthwof th¢ m￿thI￿ mortBa8¢ r¢y!)nents. LIiRISTCWI'RCH BA>STEAD NOTF.S TO THF VIYI ANC.IAL STATF.IIF.NT.S for th¢ i'¢tsr ¢nded 31 D￿mber 2021 (continual Gthernl .Ml>slon De¥1￿ Lndo*menl d5 Tot*1 Totnl 2021 2021 2021 2011 21120 IS L9nd Ind b￿dts At CQs1 Ot valua￿￿{￿￿8Drf¢r Church sitsand kniildin8S 12 0gkl•' Qbrd¢ns A￿um￿lI￿ddtp￿ilti N¢r bc0kva1i￿ ttE l Jom¢sp)' 1,071.675 580.000 46.675 1.605,000 I,099,2 2.170,87S 58Q(VJO 10,4S3 2.44bJ92 1170,875 580.oc 288.499 2,462.376 263,808 835.392 21,984 813.408 21.984 1440.392 Dtpreciation in year .Ver book i.due ￿ SJ D￿￿mber Ai cosl (*valualionontrtn5fer Accumujftted d4pr¢eiaiio Nei book valiie th 51 De¢eThb¢r Th¢ frtthold chwth $iiÈh¢ld by End0￿m¢nI fi￿d 1$ th¢ Subject of indenNre of1896 r¢stnrtiO8 the us* of eny building ¢r¢e*d awr¢ort to undeiKbminÈtioiMI 8D$pel inission 11* pre5enl ￿lIdIng mA$ettct￿ iD 1970 exTr￿ed ￿ 1975 76. tn th¢b￿an¢t th*tth¢ *t¢ iSUniAlued ArKI the buiidinBS ar¢ &qrri&l at theirvalu)tion derii'wl from their lliwr4t replac¢m¢nic051 Q5 tyt Jl De¢thnber 20￿. 1.651.675 46.675 1.605.000 1.099.200 285.792 813.408 2,750875 332.467 2 418.408 1750.875 310.483 ? 440.392 llit fr¢thold propenies&i 158 & 160 High s¢r¢¢t Iirr¢ A¢quired bv 005pel Nlission Tnt8llGifD in 2(rf>7I08 and tr¥thsf¢rred to the ChDr¢h ￿31 I)rtember20I3, io be h¢ld by th¢ D¢K'ilopm¢ntFund (ir￿Illded in Dt&iwiRt¢d ￿nds) lihich had eollaborar*l iirythGIITon lh¢ fvnding and r&fvthl￿InI￿I1 vf the prnpetti¢$ to wo%id¢ me¢ling r *Kon(Kn2¢ imrA¢t of theCowd-19 wd¢mic. Thè cash reserve5 of the Ili55ion Fwid al 31 20.1 w¢re £26.37712020.. £30.1201. Th¢hlanc¢ r#pr￿¢S res¢￿￿$ to cover llrtwxi¢d eywisesTe￿Ilttg to servin8m1￿Cti￿ICl thtreplBc*nentofiknir the res¢Mlem¢ni Ofh￿n￿￿lTrg missionari¢5 rou11￿ inission ￿li1.1t￿.. 20 Cndknn due one yettr 6.050 6.W9 27.000 602 .￿nDU￿tsdUcfo aSK￿lale￿ Man$&ttiort8)ge cllpiifyl ryyTh¢nts FpJth loAn- irtier¢51 b¢Èritt8 FAith Lo￿l- iMere%taccrtwl Other ¢r¢OitLY5 4ecruals [kreTh￿ llKom¢ &794 794 6.968 27.WO 567 609 6.255 41.399 3.585 15,7SS 255 39 10.925 64.796 13,355 3.585 TheCllllSmlA$ 2021 ¢nabled fi(w ro be p4iO to 5UPWrt the BanMbi$ Fund12020.. £3.941 for th¢ 84rnAbAsFvttd). GenÈtal Fund def￿r¢d ￿COme in 2020 ￿elud•j ¢4sb re¢¢i¥rd the chuE¢h we£k•O a￿?). ot D¢Mlwni Grov¢ %N11i¢h utilised in 2021. D&si8naid fi￿￿5 deferr￿ uibom¢ iiiFlude5 BdKvol¢ni Fu￿l gifts ioythtt iijth rdited ￿Lft.￿ar￿￿on to b¢ urib5th1 lli 2022 &5[￿￿1red. Th¢ illler¢5tbwiMg Faith Loon of £27.00012020.. £27.(￿) is due to b¢rwid 2022. knter¢5tof £56712020.. £602) is ￿¢￿7¢0 *ill k paid 2022. 21 due fjfter QnE >t4T 10&103 112.069 112.069 Monyge st4wed on 105.103 .4 mfrtgagc h £IOO.(NJO. secured b>. a ¢￿T8£ over the M)nse ai 12 thk]eJ Gar￿4 i¥1$drA￿Tr from the Clwii!. Bwk in Dteanbtt 2019 Dr sedfo rtfmAn¢e t¢matiwi& IKAi)n¢¢ of NIBD5#108ns. In Nlal" 2020 th¢ fma] £25.ODD tr4nch¢of the mon8og¢ fprjlitr). m.ks drawn doiN* to tffwid6 cover for [¢￿!￿7￿71 ofdK Faidi loan th 2021 du¢ in 2022. The mort8L8e Is repai'4ble # period of lip ¢0 15 y¢ws. Th¢ ¢apitsl ¢I￿le￿I0fthc Inono8Ee r¢pa%in¢llt$ due ￿ 2022 15 £6.%812020.. £6,9)9 dve th 2021) I￿1 ￿¥b￿n intiuded #s partof Credikns du¢ iiithtii l yeAr. IRi¢restel¢nid ofth¢mthithly InLwg¢ rya!in¢nts ¢Xr￿ os th¢y f811 du¢. 25 HHES'ICHI".RCH BAYSTEAD 'OTE8 TO TTIF. FI)A)C.IAI. 8T.4TV.IfENTS for the eftded 31 D￿lber 2021 ILvntinud} 22 Lt** ¢￿v￿ltMe[L1¥ The Chiir¢h had orthting I￿s¢ c(xJunitsnwJtsrelBtin¥ ts pro￿￿e5 r*sl¢d for I(￿15*> stsff of £7,400 for f(xw pr￿￿8$ (202D.' £18.800 for fiv owh¢sl. The rediiced lu¢1 ¢f leAse co￿1n7￿￿ts in 2021 reftxtsthe I0￿￿￿9￿ce r¢quiroJ 8ftc¥ tr first >¢ar of R¢ntsl54r6&wse4 fjs fBII du¢. Balan¢tat 31 Der¢MthÈr T￿nI￿r BAlan¢¢ *¢ 31 De¢ember 2020 1021 2021 Chut¢hors*nisatiréWacliiili¢ DÈvelnpmeni Fiixd Juek & JIIIPrrSc1￿Ql Oth¢r inco￿¢ exT￿li1￿1¢.. Grajil OilJ¢r wific¢Aiireh activiries 1,716.&)6 26,174 8.606 85.176 19.255) 17&5341 1,723,447 32016 1,250 2.308 97.340 11,2501 2.308 91.347 1.743.070 7.200 enerql Mlssion D*sl￿￿ted Endowment ds ¢#pitsl Total 2021 2021 20ZI 2021 2021 2020 24 Refon¢lllollon ofn¢i In fimd5 10 lltt ca5hloutlJowyknflow from opErntlngactlillie5 Netmovanent in ￿ndS (23.326) 14.1401 13.193 IZi.984} (3(2571 37.263 AdjUSkn￿ts for. Taxie¢o%£rabl¢ Ini¢r¢gt rtteivHbl¢ Rent rettiv#bk Depr¢eiAtion Intrt¢yt pwbl¢ 164.2761 114,7371 (80.5991 184.8931 Il6.000) 25.626 4,271 I16.￿0) 3.642 116,fM)O) 25.616 147 21.984 4,147 D¢¢r¢aK lin¢Teasel debtor5 ts10 prepa￿￿￿ ID¢¢[￿￿>,11lC[¢1sc ￿ od*tvedilors fynd L￿ru￿$ ]nEruse in O¢f¢ffed 1.655 (3.9391 13.585 (2.2261 13.9221 13691 2.082 9.200 Yet ¢*shtlDW5 bet￿￿ Glft.41d. InterÈst and 87.194 18.002 13.469 91,727 30.940