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2020-10-31-accounts

Charity Registration Number 1126707

Burlington Baptist Church Ipswich

Trustees' Report and End of Year Financial Statements Year Ending October 31[st] 2020

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Burlington Baptist Church Trustees Report 2019-2020

Statutory Information

Registered Address

London Road

Ipswich Suffolk IP1 2EZ

Charity Registration Number 1126707

Managing Trustees

The Revd Simon Harris (Senior Minister) The Revd Claire Earl (Minister) Jonathan Chalmers (Treasurer) Alice Speedie (Secretary from 16/03/2021) Jonathan Barnes (Secretary to 16/03/2021) Rebecca Rutter (to 20/10/2020) Simon Cockshutt (to 20/10/2020) Matthew Holmes (to 20/10/2020) Cherie Parnell (to 20/10/2020) Graham Parnell (to 20/10/2020) Rebecca Willson (from 20/10/2020) Rebecca Garland (from 20/10/2020) Nathan Luetchford (from 20/10/2020) Jane Hewson (from 20/10/2020) Chris Hewson (from 20/10/2020) Paul Boulton (from 20/10/2020)

Holding Trustee

The Baptist Union Corporation Limited

Baptist House 129 Broadway

Didcot Oxfordshire OX11 8RT

Directors Dates acted ( if not for whole year) John English Christopher Hanning From 06/02/2020 Andrew Hawksworth Paul Lancaster To 1/10/2020 The Revd Joseph Lennox John Levick The Revd Christopher Lewis The Revd Duncan Mclean To 28/08/2019 Karen Martindale Olusegun Obidipe

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Burlington Baptist Church Trustees Report 2019-2020

Jeremy Ponsford from 25/01/2019 Graham Powney From 02/10/2019 Steven Salmen To 08/11/2019 Michael Southcombe Graham Ward The Revd David Warrington To 24/03/2020 Peter Welch Richard Wilson Edward Greenwood To 10/07/2018 John Holmes to 07/02/2019 Rev Ann Chesworth From 5/11/2020 Peter Walls From 17/06/2020

Bankers

Barclays Bank PLC 1 Princes Street Ipswich Suffolk IP1 1PB

CAF Bank Ltd Kings Hill 25 Kings Hill Avenue West Malling, Kent ME19 4JQ

Independent Examiner

Mrs Christine D Wade

Association of Chartered Certified Accountants

HastingsWade 58-60 Stowupland Road Stowmarket Suffolk IP14 5AL

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Burlington Baptist Church Trustees Report 2019-2020

Annual Report for 2019-20

The trustees present their Annual Report and financial statements for the year ended 31 October 2020.

The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable in the UK and Republic of Ireland published in October 2019.

Charitable Objectives

The Charity is governed by an Approved Governing Document which states that the principal purpose of the charity is the advancement of the Christian faith according to the principles of the Baptist denomination to include the advancement of education, community service and such other general charitable purposes in such parts of the United Kingdom and the world as the church shall determine.

In particular, the charity has the purpose of providing for the advancement of the Christian faith in Ipswich and beyond, providing instruction for children, young people and adults in the Christian faith, holding public Christian worship, and having Christian fellowship with other Christians.

The church occupies premises which are held by The Baptist Union Corporation Ltd, on Trusts which are entirely compatible with the above object.

Organisational structure and decision-making processes

Governance

The charity is governed in accordance with a Constitution dated 30 October 2008 supplemented by approved relevant notes, a copy of which is available to members of the charity.

Public Benefit

In planning our activities for the year we have had regard for the Charity Commission's guidance on public benefit at our Trustees’ and Church Meetings (addressing Sections 4 and 17(5) of the Charities Act 2011). In achieving the aims and objectives as set out in this report, the Trustees consider that the charity is fulfilling its requirement to deliver a public benefit. This is particularly shown by:

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Burlington Baptist Church Trustees Report 2019-2020

Membership

Members are admitted in accordance with the provisions of the Constitution by vote of the Church Meeting on the basis of their profession of Christian faith, either by Believers’ Baptism or by affirmation. This year we have witnessed a number of baptisms and now have a membership of 217. The list of members and friends is carefully reviewed as part of our three yearly Constitutional review schedule.

Members are encouraged to assist the work of the church by volunteering to help in various organisations of the church.

Trustees

The managing Trustees of the charity are the Ministers of the Church (appointed by the Church Meeting for an unspecified period), the Church Secretary and Treasurer and between five and seven deacons (appointed by the Church Meeting for a period of three years). Note that there should have been a Trustees election in March but Covid-19 restrictions meant this could not happen then. The election finally took place in October 2020, the existing Trustee group providing stability through the lockdown and over the summer.

The Trustees meet at least nine times per year to review operations, the financial position and any developments to ensure the Church’s objectives are being fulfilled. Vision/Strategy meetings are held at least once a year and include the wider staff team.

Church Meeting

A meeting of Church members is held 3-4 times per year. One of the meetings incorporates the constitutional annual Church Members Meeting to receive the annual accounts and report, to appoint an Independent Examiner, and to consider proposals for the strategy and vision of the church in the coming year, along with other appropriate matters. At one meeting the Budget for the following year is discussed and agreed. Additional Vision Sundays are used to engage strategically with more members as appropriate through the year. Note that during the Covid-19 restrictions there was a Church Members Meeting held electronically for the purpose of strategy, budget approval and election of new Trustees. Most votes were by show of “electronic hands” and the election was an effective mix of secret electronic voting and postal votes.

The Church Meeting has responsibility for the overall policy of the church, in accordance with the Constitution. Relevant matters may be submitted to the Church Meeting by the Trustees for guidance, or may be raised by members in a Church Meeting for further consideration by the Trustees.

Fraud Prevention

A Fraud Prevention and Tax Evasion policy is in place to ensure there will be greater awareness of the risks we face in this area, the necessary behaviours we expect from staff and volunteers and ways in which we are seeking to prevent fraud.

Data Protection

A Data Protection policy and procedures are in place to support our compliance with the General Data Protection Regulations (GDPR). This includes privacy notices and consent forms with on-line tools being used as much as possible for easier operation.

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Burlington Baptist Church Trustees Report 2019-2020

Objectives and activities

Core activities

In order to achieve the principal objective which is set out above, the church provides a variety of activities both to its membership and to the public community. The aim is to show the love of Jesus Christ in both word and deed and to bring people into a closer relationship with Him as living Lord.

Additionally, we provide:

Charitable giving

The Church gives at least 15% of its regular sources of income to other Christian charities. The main ones are:

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Burlington Baptist Church Trustees Report 2019-2020

The Church has continued to develop longer term partnerships with some mission partners, including the Path to Victory Project in Kyrgyzstan, Transforming Lives for Good (UK) and Kintsugi Hope (UK).

A full list of the charities that we have supported during this period is contained in the notes to the financial statements.

Safeguarding children and vulnerable adults

The Church operates systems to ensure that all church members working with children, young people and vulnerable adults are appropriately vetted with regard to the DBS system. Arrangements are in place for all such people to receive suitable training for their roles in the Church.

Use of premises

Many Church led activities take place in the Church Centre. This facility is also used for some local Council meetings and a regular NCT group (pre-Covid-19 and when Covid-19 restrictions allowed).

The Church Hall is used by a range of community groups e.g:

’ Karibu – African ladies group helping develop cooking and life skills as well as community and expanding their use of our facilities.

The Church has established policies to ensure that such hirings come within the limitations of the Constitution and relevant laws.

The main Church Centre is approved for use by the Council as an emergency centre.

Health and Safety

The Church, mindful that the trustees bear full responsibility for this aspect of the life and work of the church, has appointed a Health and Safety Officer to advise the Trustees. This is currently the Operations Manager who ensures that relevant health and safety training is provided for employees and volunteer leaders of most church groups. Food hygiene advice is also available to those involved in preparing food for consumption on the Church premises.

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Burlington Baptist Church Trustees Report 2019-2020

Achievements and performance

The Church does not measure the success of its programmes primarily in numbers, including financial numbers, but in less tangible areas like fellowship and encouragement. The Trustees recognise that these are difficult to measure, but believe that the year covered by this report was again a positive one in the life of the Church, and that it will be able to pursue its mission purposes in the future with renewed enthusiasm. We continued to work on starting, developing and maturing missional communities through this year. Seven Interns completed a 10-month period of training with us again and five have started a similar programme recently despite Covid-19 restrictions.

The Trustees acknowledge that the work of the Church is highly dependent on those members who provide voluntary service in many areas. These include:

As well as a Senior Minister, we also employ paid staff to take the burden of administrative work off volunteers, such as:

There have been fairly stable numbers attending the Sunday worship celebration prior to Covid-19 restrictions and some community activities take place off-site on Sunday mornings. Overall we intuitively sense that our ‘reach’ into the wider community continues to be significant through the variety of community activities undertaken.

Support

We recognise that staff and key volunteers require a system of support and encouragement. These are principally provided by:

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Burlington Baptist Church Trustees Report 2019-2020

Maintenance and upgrade of the premises

The actions from the last quinquennial review in 17/18 are still actively being planned into the maintenance schedule. Routine day-to-day maintenance of the Church buildings and Manse was supplemented by some one-off projects e.g. replacement of the main video projector.

In recent years, improvements have been made to the Church Hall including roof reslating, replacing decaying woodwork and brickwork repairs to sections with limited access, toilet refurbishment.

Major work is carried out by commercial contractors, with volunteers carrying out several minor tasks, contributing many hours of work.

The Church premises continue to be secured by external dusk to dawn lighting, CCTV, an alarm system and use of Smart Water marking for key assets.

Financial review

Financial policies

The Church has established systems to properly receive monies in and to control expenditure in accordance with the Constitution and the directions of the Trustees and Church Meeting. Budgeted resources are controlled to match anticipated income based upon previous years and expected changes.

Financial guidelines have been approved by members for the protection of the church’s finances and assets and also for the protection of individual members of the Finance Team. The guidelines stipulate who may authorise payments at three levels of expenditure, and what processes should be followed when purchasing goods or services.

The Treasurer is always a Trustee but individual members of the Finance Team are not necessarily Trustees, for instance volunteer Assistant Treasurers have been appointed from the membership to carry out specific roles. The Finance Manager is a part time paid employee who manages day-to-day financial transactions (income and expenditure) on behalf of the Church, monitors and reports on the financial situation, and prepares the annual budget and annual accounts. The Finance Manager reports to the Treasurer.

The Finance Committee is a separate group and consists of at least five people – the Treasurer plus other church members, only one of which may be a Trustee. The Finance Committee considers and advises the Trustees on financial issues. In particular, they discuss, and amend if necessary, the annual budget before it goes to the Trustees Meeting. The Church Meeting is responsible for approving the budget. Similarly the annual accounts are reviewed by the Finance Committee prior to approval by the trustees’ Meeting, and are then received by the Church Meeting.

A comparison of budgeted income and expenditure against actual income and expenditure is presented to the Trustees at least four times per year.

The annual church accounts are prepared by the Finance Manager and independently examined by external, qualified accountants.

Reserves Policy

Expenditure is controlled to match anticipated income based on annual budgets, with some allowance to build up reserves as prudent provision for known upcoming major expenses. The Reserves Policy is reviewed annually by the Trustees. Taking into account

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Burlington Baptist Church Trustees Report 2019-2020

the Church’s current financial position, its annual income, its financial oversight, the potential for loss of key income and the need for adequate cash flow, it is considered that the current minimum reserve level of £27,000 continues to meet our needs.

General Fund

All freely available reserves are held in the General Fund. The Trustees monitor the level of reserves and will address any shortfall or make proposals to the Church Meeting in respect of any accumulated surplus to meet the Church’s objectives. The reserves also represent the working balance of the Church particularly given the claiming of Gift Aid in arrears.

Restricted funds

Monies are held in Restricted Funds where an appeal or a donor restricts their use, for instance to support the work of a particular organisation within or outside the church.

Designated Funds

Some monies have been designated for particular purposes, and have not been included in the calculation of reserves as they are considered essential to support the running of the Church. As well as holdings for internal organisations, the main Designated Funds are:

We have a designated New Projects Fund, which allows us to support new projects in respect of staff or buildings or outreach in advance of clear availability of funds. At year end the New Projects Fund contained £32,230 (2018/19: £26,204). In 2020/21 it is anticipated that this fund will be needed to support ongoing operational costs. An ongoing conversation with the membership seeks to raise ongoing extra income and reduce costs where possible so that reliance on this fund is eliminated and it can be used for new start-up projects.

The Church and Church Halls are over 160 years old and we have a modern manse and modern Church Centre. We need to maintain a Repair and Renewal Reserve. Some big items of work, such as repairing roofs and windows are expensive and reserves are built up for these as needed. The Trustees recognise that if large or unexpected repair expenses occur we would need to organise an appeal.

Our Ministers can take a sabbatical every seven years. The aim has been to increase this designated fund by £525 per Minister per year, to assist our Ministers with travel costs during their sabbaticals and to fund the additional preaching fees the church may need to pay during such a time.

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Burlington Baptist Church Trustees Report 2019-2020

Living Wage

The Church recognises that the mandatory minimum wage or the Government national living wage may not be sufficient for people to be able to pay their bills. The optional but higher rate set by the Living Wage Foundation is implemented for all employees. Revised rates for the Living Wage are announced each November. Pay for all employees and Minister(s) is increased from January 1st each year by the Baptist Union recommended percentage increase for ministerial stipends, unless this would leave an employee’s pay below the Living Wage level set the previous November, in which case the Living Wage rate is used.

Risk assessment

The Trustees have carried out or overseen relevant risk assessments and believe they have taken adequate steps to manage the risks identified.

Presentation currency

The presentation currency is £ sterling.

Signed following approval by the trustees on 4[th] May 2021

Alice Speedie

Church Secretary

Date:

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Independent Examiner's Report to the Trustees of Burlington Baptist Church Ipswich Independent Examiner's Report to the Trustees of Burlington Baptist Church Ipswich I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 October 2020 which are set out on pages 13 to 31. Responsibilities and basis of report As the charity's Trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5){b) of the Act. Independent examinerfs statement The charity's gross income exceeded £250,000 and l am qualified to undertake the examination by being a qualified member of the A550ciation of Chartered Certified Accountants. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the Act., or the accounts do not accord with those records., or the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view. which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mrs Christine D Wade Association of Chartered Certified Accountants Hastingswade 58-60 Stowupland Road Stowmarket Suffolk IP14 SAL 12

Burlington Baptist Church Financial Statements 2019-2020

Statement of Financial Activities

Burlington Baptist Church

Statement of Financial Activities

For the period from 01 November 2019 to 31 October 2020

Notes Unrestricted D esignated D esignated R estricted Endo wment Endo wment T o tal P rio r year
funds funds funds funds funds to tal funds
£ £ £ £ £ £
Income and endowments from: 2
Donations and legacies 217,200 4,530 6,688 — 228,418 227,126
Income from charitable activities 513 7,837 513 — 8,862 10,952
Investments 47 1 — — 47 59
Other income 16,103 5,287 — — 21,390 32,313
T o tal inco me 233,861 17,655 7,200 — 258,717 270,450
Expenditure on: 3
Expenditure on charitable activities 219,068 18,762 2,559 — 240,388 265,494
Other expenditure — 649 — — 649 1,086
T o tal expenditure 219,068 19,411 2,559 — 241,037 266,580
N et inco me / (expenditure) reso urces befo re transfer 14,794 (1,756) 4,642 — 17,679 3,869
Transfers
Gross transfers between funds - in 2,577 21,822 — — 24,399 25,849
Gross transfers between funds - out (17,356) (2,213) (4,830) — (24,399) (25,849)
Other recognised gains / losses 9
Gains / losses on investment assets — 14,321 — — 14,321 (1,118)
N et mo vement in funds 13 14 32,174 (188) — 32,000 2,751
Reconciliation of funds
T o tal funds bro ught fo rward 27,001 46,285 1,545,051 — 1,618,337 1,615,586
T o tal funds carried fo rward 27,015 78,459 1,544,863 — 1,650,337 1,618,337
There may be minor discrepancies in the totals if the pence are not being shown

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Burlington Baptist Church Financial Statements 2019-2020

Balance Sheet

Burlington Baptist Church

Balance sheet (Separate funds) As at: 31 October 2020

Notes General Designated Restricted Endowment Restricted Endowment A t 31/ 10/ 2020 A t 31/ 10/ 2019
Fund Funds £ £
F ixed assets 8
Tangible assets — 25,038 1,538,906 — 1,563,944 1,566,515
F ixed assets — 25,038 1,538,906 — 1,563,944 1,566,515
C urrent assets
Debtors 10 16,900 504 299 — 17,703 1,848
Cash at bank and in hand 11 22,288 80,598 5,827 — 108,713 109,970
C urrent assets 39,188 81,102 6,126 — 126,416 111,818
Liabilities 12
Creditors: Amounts falling due in one year 12,173 12 169 — 12,354 14,816
N et current assets less current liabilities 27,015 81,090 5,957 — 114,062 97,003
T o tal assets less current liabilities 27,015 106,128 1,544,863 — 1,678,006 1,663,518
(excluding pensio n liability)
P ro visio n fo r liabilities after o ne year
— 27,669 — — 27,669 45,181
Def ined benef its pension scheme liability
T o tal net assets less liabilities 27,015 78,459 1,544,863 — 1,650,337 1,618,337
F unds o f the church
~~R~~
~~t i t d Et~~
~~it~~		 27,015 78,459 1,544,863
~~32~~		 — 1,650,337
~~32~~		 1,618,337
~~57~~
There may be minor discrepancies in the totals if the pence are not being shown

The financial statements were approved by the Board of Trustees on 4[th] May 2021 and were signed on behalf by:

Jon Chalmers

Church Treasurer

Date:

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Burlington Baptist Church Financial Statements 2019-2020

Notes to the Financial Statements for the year ended 31 October 2020

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The charity constitutes a public benefit entity as defined by FRS102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.

The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest es

The significant accounting policies applied in the preparation of these financial statements are set out below. The policies have been consistently applied in all years presented unless otherwise stated.

Income recognition

All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

Donations

Donations are accounted for gross when received. Fixed asset gifts in kind are recognized when receivable and are included at fair value.

Legacies

Legacies are accounted for on the earlier of notification of an impending distribution and the legacy being received, provided that the legacy can be properly quantified.

Expenditure recognition

All expenditure is accounted for on an accruals basis. Expenditure is recognized where there is a legal or constructive obligation to make payments to third parties, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Grants payable

The Church makes grants to other organisations whose charitable objects complement its work. They are accounted for in the year in which they are paid or when the recipient has been notified of the grant and payment is unconditional.

Tangible fixed assets

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Burlington Baptist Church Financial Statements 2019-2020

Land and buildings, held by Burlington Baptist Church for its own purposes, are stated at cost. All maintenance costs are written off as incurred. No depreciation is provided on freehold properties since it is the Trustees’ policy to maintain these assets in a continual state of sound repair, and accordingly the Trustees consider that any depreciation charge would be insignificant.

Functional equipment purchased for use within the church premises or elsewhere by Burlington Baptist Church is capitalized and depreciated on a straight-line basis at the following annual rates

Fixtures, furniture & equipment 10% Computer equipment 25%

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees

Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements .

Restricted funds ran only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

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Burlington Baptist Church Financial Statements 2019-2020

2. INCOME & ENDOWMENTS

Analysis of income and expenditure Selected period: 01 November 2019 to 31 October 2020

Total
Unrestricted D esignated R estricted Endo wment T his year Last year
£ £ £ £ £ £
Income and endowments
Donations and legacies
1101 - Offerings 177,479 444 865 — 178,788 186,877
1102 - Tax refunds 29,094 38 1,116 — 30,248 30,030
1103 - Grants 6,179 — — — 6,179 —
1104 - Gifts & Donations 4,447 1,049 4,707 — 10,203 10,219
1105 - Legacies — 3,000 — — 3,000 —
Donations and legacies Totals 217,200 4,530 6,688 — 228,418 227,126
Income from charitable activities
1302 - Other activities 513 6,747 513 — 7,772 10,852
1404 - Other fundraising events — 1,090 — — 1,090 100
Income from charitable activities 513 7,837 513 — 8,862 10,952
Totals
Investments
1201 - Bank interest 47 1 — — 47 59
Investments Totals 47 1 — — 47 59
Other income
1401 - Room hire 16,001 — — — 16,001 28,408
1402 - Sundry income 101 — — — 101 400
1405 - Intern Fees — 5,287 — — 5,287 3,505
Other income Totals 16,103 5,287 — — 21,390 32,313
Income and endowments 233,861 17,655 7,200 — 258,717 270,450
Grand totals

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Burlington Baptist Church Financial Statements 2019-2020

3. EXPENDITURE

Last year
£
£
£
£
£
£
Unrestricted
D esignated
R estricted
Endo wment
T his year
Other expenditure Totals
—
649
—
—
649
1,086
Expenditure Grand totals
219,068
19,411
2,559
—
241,037
266,580
Expenditure on charitable
activities Totals
219,068
18,762
2,559
—
240,388
265,494
Other expenditure
2701 - Pension Deficit Interest
—
649
—
—
649
1,086
2800 - Depreciation
—
11,378
—
—
11,378
12,885
2900 - Independent Examination
1,200
—
—
—
1,200
1,200
2604 - Sundry expenses
119
—
—
—
119
703
2607 - DBS Checks
66
—
—
—
66
—
2602 - Subscriptions
2,322
—
—
—
2,322
2,313
2603 - Bank charges
209
—
—
—
209
198
2600 - Printing stationery and
advertising
1,329
29
—
—
1,358
1,869
2601 - Telephone & Broadband
2,593
—
—
—
2,593
2,081
2411 - Manse Insurance
285
—
—
—
285
274
2501 - Mission Communities
—
—
—
—
—
371
2408 - Halls Heat and Light & Water
3,261
—
—
—
3,261
4,565
2410 - Manse repair & maintenance
695
—
—
—
695
748
2403 - Repairs and renew als
7,979
—
—
—
7,979
10,812
2406 - Flow ers
216
—
144
—
360
986
2401 - Insurance
6,128
—
—
—
6,128
5,829
2402 - Cleaning Materials
2,098
—
—
—
2,098
4,852
2303 - Computer Softw are
2,852
—
—
—
2,852
1,917
2400 - Church Heat light & Water
10,708
—
—
—
10,708
11,475
2300 - Resource materials
391
261
—
—
652
446
2301 - Equipment
796
100
—
—
896
2,264
2122 - Catering costs
683
683
287
—
1,652
2,499
2130 - Pastoral
—
—
—
—
—
12
2110 - Mission Giving
34,150
100
2,039
—
36,289
38,525
2120 - Children's w ork
734
—
—
—
734
525
2104 - Travel & Conference
1,157
83
—
—
1,240
3,373
2105 - Manse Expenses
4,596
—
—
—
4,596
4,433
2102 - Pensions
7,444
—
—
—
7,444
7,215
2103 - Training
2,067
—
—
—
2,067
7,357
2100 - Ministry
891
12
—
—
903
834
2101 - Wages & salaries
123,694
—
—
—
123,694
120,255
2000 - Church w eekend
—
—
—
—
—
11
2002 - Other activities
405
6,116
89
—
6,610
14,670
Expenditure
Expenditure on charitable activities		 Last year
Unrestricted
D esignated
R estricted
Endo wment
T his year
£
£
£
£
£
£
219,068
18,762
2,559
—
240,388
265,494
—
649
—
—
649
1,086
—
649
—
—
649
1,086
219,068
19,411
2,559
—
241,037
266,580
There may be minor discrepancies in the totals if the pence are not being shown

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Burlington Baptist Church Financial Statements 2019-2020

4. STAFF COSTS

Staff Costs 2019/20 2018/19
Gross Salaries £119,611 £115,600
Employers National Insurance £4,081 £4,655
Pensions** (£4,570) £11,854
£119,123 £132,109

The average monthly employees during the year was 8 (2018/19: 8)

No employee received emoluments in excess of £60,000

Two ministers act as Trustees and received remuneration including gross pensionable salary, payrolled benefits, housing allowance, Employer NI and Employer pension in 2019/20, as employees of Burlington Baptist church totaling £55,507 (2018/19 £ 54,185).

The Ministers received benefits in respect of their services as Minister, including the provision to the Senior Minister, of manse accommodation owned by the Church.

Payments in respect of other post-retirement benefits are charged to the Statement of Financial Activities in the period to which they relate.

Accrued holiday pay is not recognised in the financial statements as this is not considered to be a material component of total expenditure.

5. PENSIONS

Baptist Pension Scheme

The Church is an employer participating in a pension scheme known as the Baptist Pension Scheme (“the Scheme”), which is administered by the Pension Trustee (Baptist Pension Trust Limited). The Scheme is a separate legal entity and the assets of the Scheme are held separately from those of the Employer and the other participating employers.

For any month, each participating employer in the Scheme pays contributions as set out in the Schedule of Contributions in force at that time.

The Scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This is because it is not possible to attribute the Scheme’s assets and liabilities to specific employers and means that contributions are accounted for as if the Scheme were a defined contribution scheme. The pensions costs charged to the SoFA in the year are contributions payable towards benefits and expenses accrued in that year, plus any impact of deficiency contributions (see below).

19

Burlington Baptist Church Financial Statements 2019-2020

The Minister(s) [and some members of the church staff] is / are eligible to join the Scheme. From January 2012, pension provision is being made through the Defined Contribution (DC) Plan within the Scheme. In general, members pay 8% of their Pensionable Income and employers pay 6% of members’ Pensionable Income into individual pension accounts, which are operated and managed on behalf of the Pension Trustee by Legal and General Life Assurance Society Limited. In addition, the employer pays a further 4% of Pensionable Income to cover Death in Service Benefits, administration costs, and an associated insurance policy which provides income protection for Scheme members in the event that they are unable to work due to long-term incapacity. This income protection policy has been insured by the Baptist Union of Great Britain with Aviva plc. [Members of the Basic Section pay reduced contributions of 5% of Pensionable Income, and their employers also pay a total of 5%.] The further 4% contribution rate is reduced to 3% for Employer contributions made to the Segregated DC Arrangement.

Benefits in respect of service prior to 1 January 2012 are provided through the Defined Benefit (DB) Plan within the Scheme. The main benefits for pre-2012 service were a defined benefit pension of one eightieth of Final Minimum Pensionable Income for each year of Pensionable Service, together with additional pension in respect of premiums paid on Pensionable Income in excess of Minimum Pensionable Income. The Scheme, previously known as the Baptist Ministers’ Pension Fund, started in 1925, but was closed to future accrual of defined benefits on 31 December 2011.

Actuarial valuation as at 31 December 2019

A formal valuation of the Defined Benefit (DB) Plan was performed at 31 December 2019 by a professionally qualified Actuary using the Projected Unit Method. The market value of the DB Plan assets at the valuation date was £298 million.

The valuation of the DB Plan revealed a deficit of assets compared with the value of liabilities of £18 million (equivalent to a past service funding level of 94%). The Church and the other employers supporting the DB Plan are collectively responsible for funding this deficit. The key assumptions underlying the valuation were as follows:

Type of financial
assumption
% pa		 Type of financial
assumption
% pa
RPIprice inflation assumption
3.20
CPI price inflation assumption
2.70
Minimum Pensionable Income
increases (RPI)		 3.20
Assumedinvestment returns
-Pre-retirement
2.95
-Post retirement
1.70
Deferred pension increases
-Pre April 2009
3.20
- Post April 2009
2.50
Pension increases
- Main Schemepension
2.70
§ Post–retirement mortality in accordance with 80% of the S3NFA and S3NMA tables, with
allowance for future improvements in mortality rates from 2013 in line with the CMI 2019 core
projections, with a long term annual rate of improvement of 1.75% for males and 1.5% for
females, with the core smoothing parameter and with additional initial mortality improvement
factor A=0.5%.
The next actuarial valuation of the DB Plan within the Scheme is due to take place not later
than as at 31 December 2022.

20

Burlington Baptist Church Financial Statements 2019-2020

Recovery Plan

In addition to the contributions to the DC Plan set out above, where a valuation of the DB Plan reveals a deficit the Trustee and the Council agree to a rate of deficiency contributions from churches and other employers involved in the DB Plan.

Under the current Recovery Plan dated 30 September 2020, deficiency contributions are payable until 30 June 2026. These contributions are broadly based on the employer's membership at 31 December 2014 and increase annually in line with increases to Minimum Pensionable Income as defined in the Rules. However, the Trustee and the Council agreed a 50% reduction for all deficiency contributions payable between 1 July 2020 and 31 December 2020.

Movement in Balance Sheet liability

Section 28.11A of 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.

Accounting date (year ending): Accounting date (year ending): 31 October 2020 31 October 2020 31 October 2019 31 October 2019
Balance sheet liability at year start £45,181 £47,483
Minus deficiency contributions paid (£3,840) (£4,506)
Interest cost (recognised in SoFA) £649 £1,086
Remaining change to balance sheet
liability*(recognisedinSoFA)		 (£14,321) £1,118
Balance sheet liability at year end £27,669 £45,181
* Comprises any change in agreed deficit recovery plan and change in assumptions between
year-ends.
This liability represents the present value of the deficit contributions agreed as at the
accounting date and has been valued using the following assumptions set by reference to the
durationof the deficit recovery payments:
Accounting date 31 October
2020		 31 October 2019 31 October 2018
Discount rate 1.1% 1.5% 2.4%
Future increases to Minimum
PensionableIncome		 3.1% 3.1% 3.3%

A workplace pension scheme for all other employees is provided by NEST. There are 4 eligible job holders and one non-eligible job holders enrolled into the work place pension scheme provided by NEST.

6. RELATED CHARITIES

The custodian Trustee of the church is the Baptist Union Corporation Limited which is charity number 249635, and which is controlled by the Baptist Union Council. The Church is also a member of the Baptist Union of Grant Britain, and the Eastern Baptist Association

21

Burlington Baptist Church Financial Statements 2019-2020

which is charity number 1089795.

The Church was registered as a charity on 11 November 2008, charity commission number 1126707.

The Church made donations to the Baptist Union Home Mission scheme of £7,452 (2018/19: £8,282).

7. RELATED PARTY TRANSACTIONS

The following Trustees and related parties received a total of £964 (2018/19: £3,368) as reimbursement for business expenditure.

The Revd Simon Harris (Senior Minister)

No other payments have been paid to Trustees or related parties other than incidental and occasional reimbursements of charity expenses and no benefits were received for the role of Trustee.

The aggregate amount of donations received from Trustees was £58,984 (2018/19: £42,854).

8. FIXED ASSETS

Church
Premises
Manse
Cost
At 31st Oct 2019
£200,000
£189,669
Additions
Disposals
Revaluation
At 31st Oct 2020
£200,000
£189,669
Depreciation
At 31st Oct 2019
Charge for the year
At 31st Oct 2020
Net book value
At 31st Oct 2019
£200,000
£189,669
At 31st Oct 2020
£200,000
£189,669
9. OTHER RECOGNIZED GAINS/LOSSES

Re-measurement of multi-employer pension liability		 Church
Centre
£1,149,237
£1,149,237
£1,149,237
£1,149,237
2019/20
£
14,321		 Fixtures,
Fittings &
Equipment
Total
£238,593
£1,777,499
£8,806
£8,806
£247,399
£1786,305
£210,984
£210,984
£ 11,378
£11,378
£222,362
£222,362
£27,609
£1,566,515
£25,037
£1,563,943

2018/19
£

(1,118)

22

Burlington Baptist Church Financial Statements 2019-2020

10. CURRENT ASSETS – DEBTORS

Class and nominal code General Designated Restricted Endowment Total Last year
Current assets - Debtors
GIFTAID : Gift Aid Refund 15,523 — 299 — 15,822 258
receivable
PREPAY : Prepayments 506 504 — — 1,010 1,158
Z05 : Accounts Receivable 871 — — — 871 432
Total 16,900 504 299 — 17,703 1,848

11. CASH AT BANK AND IN HAND

11. CASH AT BANK AND IN HAND
Class and nominal code General Designated Restricted Endowment Total Last year
£ £ £ £ £ £
Current assets - Cash at bank and in hand
6501 : Barclays Account 9,255 1,114 (1,826) — 8,543 4,017
6503 : CAF Account 15,185 37,372 6,186 — 58,743 64,417
6504 : Contact Cash — 28 — — 28 28
6505 : Contact Current — — — — — 195
6509 : Duke of Edinburgh Current — (357) 357 — — —
6510 : ElevensesF4TS Cash — — 155 — 155 33
6513 : Elevenses F4TS Bank — — — — — 423
6514 : Flow er Cash 56 — (56) — — 100
6515 : Impact Cash — 56 30 — 86 126
6516 : Impact current account — 4 975 — 980 425
6517 : Ladies Fellow ship Current — 292 — — 292 121
6518 : Ladies Fellow ship Deposit — 100 — — 100 170
6519 : Lunch Club cash 192 (192) — — — 84
6520 : New Song Cash (342) 342 — — — 139
6522 : Saxceptional Cash — 144 — — 144 150
6523 : Time to Sew Cash — 1 5 — 5 116
6524 : A time to Sew Deposit — 348 — — 348 147
6526 : Tiddlyw inks Cash — — — — — 36
6530 : CAF Gold ( General) (3,067) 41,296 — — 38,229 38,185
6531 : Scottish w idow s ( General) 1,011 — — — 1,011 1,009
6532 : First Steps Cash — 50 — — 50 50
6590 : Cash in hand (1) — — — (1) (1)
Total 22,288 80,598 5,827 — 108,713 109,970

There may be minor discrepancies in the totals if the pence are not being shown

23

Burlington Baptist Church Financial Statements 2019-2020

12. LIABILITIES – CREDITORS

Class and nominal code Class and nominal code General Designated Restricted Endowment Total Last year Last year
Liabilities - Creditors: Amounts falling due in one year
CREDITORS : Other Creditors 6,622 — 169 — 6,791 9,252
Z04 : Accounts Payable 5,552 12 — — 5,564 5,565
Total 12,173 12 169 — 12,354 14,816
Class and nominal code General Designated Restricted Endowment Total Last year
Liabilities - Provision for liabilities after one year
PENSION : Baptist Pension Deficit — 27,669 — — 27,669 45,181
Total — 27,669 — — 27,669 45,181

13. MOVEMENT IN FUNDS

Purpose and Restriction of Funds

Designated Purpose Restriction
AVFUND - Worship AV Fund Audio Visual equipment None
CONTACT - Contact Activities of the Contact missional
community (now closed)		 None
DUKE - Duke of Edinburgh Duke of Edinburgh group activities None
EQUIP - Equipment Equipment expenditure None
ETERNITY - Eternity Activities of the Emerge youth group None
FIXTURES - Fixtures Furniture and
Equipment Reserve		 Furniture and equipment fixed assets None
FSTEPS - First Steps Activities of First Steps mission
community (now closed)		 None
IMPACT - Impact Activities of Impact missional
community		 None
INTERN - Intern Fund Activities of the Internship Programme None
LADIES - Ladies Fellowship Activities of the Ladies fellowship
missional community		 None
LEGACY - Legacy Funds given in memory of deceased
for use for specificprojects		 None
LUNCH - Lunch Club Activities of the Lunch Club missional
community		 None
Mission - Mission Giving Mission giving, part of the tithe None
NEW - New Projects new projects in respect of staff or
buildings or outreach		 None
NEWSONG - New Song Activites of New Song missional
community (now closed)		 None
REPAIRS - Repairs & Renewals For maintenance and repair of church
buildings		 None
SABBAT - Sabbatical assist our ministers with travel costs
during their sabbaticals and to fund
the additionalpreachingfees		 None
SAX - Saxceptional Activities of the Saxceptional mission
community		 None
TIDDLY – Tiddlywinks Activites of the Tiddlywinks missional
community		 None
TIME – A Time to Sew Activities of the Time to Sew missional
community		 None
Zpension – Pension reserves Represents the Pension Liability None

24

Burlington Baptist Church Financial Statements 2019-2020

Restricted Funds Purpose Restriction
BMS - BMS Setup to receive church member
donations to add to church mission
givingto BMS		 Funds can only be used for the stated
purpose
CENTRE - Church Centre Reserve Fixed assets fund for the church
centre building		 Funds can only be used for the stated
purpose
CHILDREN - Childrens Work Donations from church members for
childrens work at Burlington		 Funds can only be used for the stated
purpose
DUKE - Duke of Edinburgh Donations from church members for
activities of the DofEgroup		 Funds can only be used for the stated
purpose
ETERNITY - Eternity Donations from church members for
youth work at Burlington		 Funds can only be used for the stated
purpose
Elevenses - Elevenses Donations for the missional
community that offers hot food and
drinks as well as clothes, sleeping
bags		 Funds can only be used for the stated
purpose
F4TS11SES - Feet for the
Street/Elevenses		 Donations for the missional
community that offers hot food and
drinks as well as clothes, sleeping
bags		 Funds can only be used for the stated
purpose
FLOWER - Flowers Donations to be used for church
flowers		 Funds can only be used for the stated
purpose
H4I - Heart For Ipswich Funds allocated for Heart for Ipswich (
now Network Suffolk)		 Funds can only be used for the stated
purpose
HAPPY - Happy Homes Donations received from church
member to add to church mission
givingto HappyHome(Kenya)		 Funds can only be used for the stated
purpose
HOME - Home Mission Donations received from church
members to add to church mission
givingto EBA		 Funds can only be used for the stated
purpose
IMPACT - Impact Donations for the activities of the
missional community that visits local
hostel		 Funds can only be used for the stated
purpose
OPEN - Open Door Donations for the activities of the
missionalprovidingmeal at Christmas		 Funds can only be used for the stated
purpose
PERSPECT - Perspectives Donations received from church
members to add to church mission
givingto Perspectives		 Funds can only be used for the stated
purpose
PROJECTOR - PROJECTOR Donations in response to an appeal
for aprojector		 Funds can only be used for the stated
purpose
PROP - Property Reserve Fixed asset fund - Church building Funds can only be used for the stated
purpose
RUTH - Project Ruth Donations received from church
members to add to church mission
givingto Project Ruth		 Funds can only be used for the stated
purpose
SPURSE - Samaritans Purse Donations received from church
members to add to church mission
givingto Samaritans Purse		 Funds can only be used for the stated
purpose
SpecGifts - Special Gifts Proceeds from special collections to
add to church mission giving to
various charities		 Funds can only be used for the stated
purpose
TEAR - Tear Fund Donations received from church
members to add to church mission
givingto Tear Fund		 Funds can only be used for the stated
purpose

25

Burlington Baptist Church Financial Statements 2019-2020

Fund Transfers

Transfers between fund classes Description £
Transferred from General funds to
Designated funds		 3840 of pension deficit payments
transferred to reduce the pension
liability
4341 transferred to Fixtures to pay for
purchase of fixed assets
6026 transferred the surplus for the
year to New Projects
3150 transferred for various
designated purposes.		 (17,356)
Transfer from Designated funds to
General fund		 Transfer from missional organisations
to General funds to cover general
church expenses and to transfer
surplus funds		 434
Transfer from Legacy Designated
fund to General Fund		 funds to contribute to Projector
purchase		 1779
Transfer from Projector Restricted
funds to General Fund		 Transfer residual gift aid on Projector
restricted fund, to offset cost of
Projector transferred from General		 364
Net transfers to/from General fund (14,779)
Transfer from Project Restricted fund
to Fixtures Designate fund		 Fixed assets, purchased from and
held in Fixtures fund, using fund
donated for this purpose and held in
Projector restricted fund.		 4466
Transfer from Projector Restricted
funds to General		 Transfer residual gift aid on Projector
restricted fund, to offset cost of
Projector transferred from General		 364
Net transfers from Restricted funds (4,830)

26

Burlington Baptist Church Financial Statements 2019-2020

Movement In Funds

Burlington Baptist Church

Fund movement by type Selected period: 01 November 2019 to 31 October 2020

F und and type F und balances Inco ming Outgo ing T ransfers Gains and Jo urnal F und balances
bro ught fo rward R eso urces R eso urces Lo sses Entries carried fo rward
£ £ £ £ £ £ £
Unrestricted
General - General fund 27,001 233,861 219,068 (14,779) — — 27,015
Sub-to tals 27,001 233,861 219,068 (14,779) — — 27,015
Designated
AVFUND - Worship 404 — — — — — 404
AV Fund
CONTACT - Contact 223 — — (195) — — 28
CYM - CYM — — — — — — —
DUKE - Duke of (14) 370 1,493 600 — — (537)
Edinburgh
EQUIP - Equipment 249 — — — — — 249
ETERNITY - Eternity 1,708 3,307 4,345 1,500 — — 2,170
FIXTURES - Fixtures 27,609 — 11,378 8,807 — — 25,038
Furniture and
Equipment Reserve
FSTEPS - First Steps		 50 — — — — — 50
IMPACT - Impact 322 — 121 — — — 202
INSPIRE - Inspire 4 — — — — — 4
INTERN - Intern Fund 3,164 9,300 92 — — — 12,372
LADIES - Ladies 291 212 112 — — — 392
Fellow ship
LEGACY - Legacy 13,308 2,000 61 (1,779) — — 13,468
LUNCH - Lunch Club 1,124 1,566 415 — — — 2,276
Mission - Mission 171 10 — — — — 181
Giving
NEW - New Projects 26,204 — — 6,026 — — 32,230
NEWSONG - New 482 — — (139) — — 342
Song
REPAIRS - Repairs & 12,781 — — — — — 12,781
Renew als
SABBAT - Sabbatical 2,419 — — 1,050 — — 3,469
SAX - Saxceptional 150 193 198 — — — 144
TIDDLY - Tiddlyw inks 551 245 281 — — — 515
TIME - A Time to Sew 263 452 267 (100) — — 348
ZPension - Pension (45,181) — 649 3,840 — 14,321 (27,669)
reserves
Sub-to tals 46,285 17,655 19,411 19,609 — 14,321 78,459
Restricted
BMS - BMS — 125 98 — — — 28
CENTRE - Church 1,149,237 — — — — — 1,149,237
Centre Reserve
CHILDREN - Childrens 482 188 — — — — 669
Work
DUKE - Duke of 318 — — — — — 318
Edinburgh
EBACOYEAR - EBA 25 — — — — — 25
Church of the Year
ETERNITY - Eternity 57 — 89 — — — (32)
F4TS11SES - Feet for 465 1,314 — — — — 1,779
the Street/Elevenses
FLOWER - Flow ers 1 186 144 — — — 43
H4I - Heart For 250 — — — — — 250
Ipsw ich
HAPPY - Happy 49 1,446 1,491 — — — 5
Homes
HOME - Home Mission 13 125 — — — — 138
IMPACT - Impact 229 635 — — — — 864
OPEN - Open Door 509 197 287 — — — 419
PROJECTOR - 2,678 2,153 — (4,830) — — 1
PROJECTOR
PROP - Property 389,669 — — — — — 389,669
Reserve
RUTH - Project Ruth 122 77 — — — — 199
SPURSE - Samaritans 7 — — — — — 7
Purse
SpecGifts - Special 602 515 450 — — — 667
Gifts
TEAR - Tear Fund 338 240 — — — — 578
Sub-to tals 1,545,051 7,200 2,559 (4,830) — — 1,544,863
Totals 1,618,337 258,717 241,037 — — 14,321 1,650,337
There may be minor discrepancies in the totals if the pence are not being shown

27

Burlington Baptist Church Financial Statements 2019-2020

14. GRANT MAKING

Analysis of grants paid ( included in Mission Giving under Costs of Charitable Activities in Note 4)

Analysis Grants to
Institutions
(£)		 Grants to
Individuals
(£)		 Support
Costs
(£)		 Total
(£)		 2018/19
Beam 648 648 -
BMS 4,957 4,957 6,712
BugB EBA 7,452 7,452 8,174
Cancer Research - - 25
CYM 1,428 1,428 1,425
Guide Dogs for the Blind - - 20
HappyHome(Kenya) 1,947 1,947 1,337
Inspire
Christian Counselling		 1,428 1,428 1,425
Kintsugi Hope 972 972 2,000
Path to Victory 2,870 2,870 3,500
Perspectives 1,428 1,428 1,425
Project Ruth 2,664 2,664 2,775
Harnhill 648 648 1,425
Oasis
Language Sc		 1,428 1,428 1,425
RSVP Trust 260
Route to
Freedom		 1,620 1,620 -
Samaritans Purse 4,504
Talitha Koum 456 456 586
Ukuleles for charity 20
TLG 475 475 -
TWAM 456 456 529
Evangelical Alliance 450 450 -
Soul Edge 1,296 1,296 -
Other 100 100 -
Unallocated 3,565 3,565 956
Total 36,289 36,289 38,525

There may be minor discrepancies in totals if pence are not shown

28

Burlington Baptist Church Financial Statements 2019-2020

15. Comparative figures are provided in the following 2 reports for the SOFA and movement in funds for 2018/19

Burlington Baptist Church

Statement of Financial Activities

For the period from 01 November 2018 to 31 October 2019

N o tes Unrestricted D esignated R estricted Endo wment Endo wment T o tal P rio r year
funds funds funds funds funds to tal funds
£ £ £ £ £ £
Income and endowments from: 2
Donations and legacies 214,414 261 12,451 — 227,126 212,460
Income from charitable activities 496 10,237 219 — 10,952 14,095
Investments 58 0 — — 59 20
Other income 28,808 3,505 — — 32,313 30,748
T o tal inco me 243,776 14,004 12,670 — 270,450 257,323
Expenditure on: 3
Raising funds — — — — — 162
Expenditure on charitable activities 233,886 27,231 4,377 — 265,494 271,247
Other expenditure — 1,086 — — 1,086 1,900
T o tal expenditure 233,886 28,317 4,377 — 266,580 273,309
N et inco me / (expenditure) reso urces befo re transfer 9,890 (14,313) 8,292 — 3,869 (15,987)
Transfers
Gross transfers between funds - in 3,748 20,771 1,330 — 25,849 31,098
Gross transfers between funds - out (14,535) (5,830) (5,484) — (25,849) (31,098)
Other recognised gains / losses 9
Gains / losses on investment assets — (1,118) — — (1,118) 34,825
N et mo vement in funds 13 (897) (490) 4,138 — 2,751 18,838
Reconciliation of funds
T o tal funds bro ught fo rward 27,898 46,774 1,540,913 — 1,615,586 1,596,747
T o tal funds carried fo rward 27,001 46,285 1,545,051 — 1,618,337 1,615,586
There may be minor discrepancies in the totals if the pence are not being shown

29

Burlington Baptist Church Financial Statements 2019-2020

Movement in Funds 2018/19

Fund movement by type Selected period: 01 November 2018 to 31 October 2019

F und and type F und balances Inco ming Outgo ing T ransfers T ransfers Gains F und balances
bro ught fo rward R eso urces R eso urces and carried fo rward
Lo sse
£ £ £ £ £ £
Unrestricted
General - General fund 27,898 243,776 233,886 (10,787) —
—		 27,001
Sub-to tals 27,898 243,776 233,886 (10,787) — 27,001
Designated
AVFUND - Worship 404 — — — —
—		 404
CONTACT - Contact 223 — — — —
—		 223
CYM - CYM — — — — —
—		 —
DUKE - Duke of 232 57 1,575 1,272 —
—		 (14)
EQUIP - Equipment 249 — — — —
—		 249
ETERNITY - Eternity 846 5,180 6,522 2,204 —
—		 1,708
FSTEPS - First Steps 50 — — — —
—		 50
IMPACT - Impact 501 185 364 — —
—		 322
INSPIRE - Inspire 4 — — — —
—		 4
INTERN - Intern Fund 1,868 3,655 2,358 — —
—		 3,164
LADIES - Ladies 341 615 365 (300) —
—		 291
LEGACY - Legacy 16,395 — — (3,088) —
—		 13,308
LUNCH - Lunch Club 697 2,154 1,727 — —
—		 1,124
Mission - Mission 171 — — — —
—		 171
NEW - New Projects 28,431 — — (2,227) —
—		 26,204
NEWSONG - New 190 292 — — —
—		 482
REPAIRS - Repairs & 9,801 — 80 3,060 —
—		 12,781
ROOF - Roof — — — — —
—		 —
SABBAT - Sabbatical 1,369 — — 1,050 —
—		 2,419
SAX - Saxceptional 150 — — — —
—		 150
TIDDLY - Tiddlyw inks 656 730 806 (30) —
—		 551
TIME - A Time to Sew 307 1,136 1,001 (179) —
—		 263
TOY - Toy Library — — — — —
—		 —
Sub-to tals 62,885 14,004 14,798 1,762 — 63,854
FIXTURES - Fixtures 31,370 — 12,434 8,673 —
—		 27,609
Furniture and
Equipment Reserve
ZPension - Pension (47,483) — 1,086 4,506 (1,118) (45,181)
T o tals designated funds 46,774 14,004 28,317 14,941 (1,118) 46,285
Restricted
AVFUND - Worship — — — — —
—		 —
BMS - BMS 95 658 753 — —
—		 —
CHILDREN - Childrens — 750 268 — —
—		 482
DEVELOP - — — — — —
—		 —
Development
DISHWASH - — 5,603 125 (5,478) —
—		 —
DUKE - Duke of 717 — 399 — —
—		 318
EBACOYEAR - EBA — — (25) — —
—		 25
ETERNITY - Eternity 47 10 — — —
—		 57
Elevenses - Elevenses — — — — —
—		 —
F4TS11SES - Feet for 90 1,195 940 120 —
—		 465
FLOWER - Flow ers — 144 143 — —
—		 1
FRIENDSINT - Friends 0 — — — —
—		 0
H4I - Heart For 250 — — — —
—		 250
HAPPY - Happy (154) 957 783 29 —
—		 49
HOME - Home Mission 1 639 627 — —
—		 13
IMPACT - Impact 63 333 351 184 —
—		 229
OPEN - Open Door 894 154 539 — —
—		 509
PERSPECT - 0 — — — —
—		 0
P
ti
PROJECTOR -		 — 1,688 — 991 —
—		 2,678
PROJECTOR
RUTH - Project Ruth — 241 119 — —
—		 122
SPURSE - Samaritans 2 5 — — —
—		 7
Purse
SpecGifts - Special — — (602) — —
—		 602
TEAR - Tear Fund — 295 (43) — —
—		 338
TK - Talitha Koum — — — — —
—		 —
TOWNPAST - Ipsw ich — — — — —
—		 —
Tow n Pastors
TWAM - Tools With A — — — — —
—		 —
Mission
WOW - WOW — — — — —
—		 —
Sub-to tals 2,005 12,672 4,377 (4,154) — 6,145
PROP - Property 389,669 — — — —
—		 389,669
CENTRE - Church 1,149,237 — — — —
—		 1,149,237
Centre Reserve
Sub-to tals 1,540,913 12,670 4,377 (4,154) — 1,545,051
Totals 1,615,586 270,450 266,580 — (1,118) 1,618,337

30

Burlington Baptist Church Financial Statements 2019-2020

16. INDEPENDENT EXAMINATION FEES

2019/20 2018/19 £ £ Independent Examiner’s Fee 1,200 1,200

31