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2021-03-31-accounts

’ — LISVANE BAPTIST CHURCH TRUSTEES REPORT 2020 21

We have had to meet for the most part on Zoom for our Sunday Celebrations during this period except for a short time when Covid Guidance enabled us to meet in person, albeit socially distanced, at our customary venue: The Memorial Hall, Heol y Delyn, Lisvane, CF14 0SQ. Building of the Manse extension to accommodate an office and meeting place is now nearly complete.

The church website address is www.lisvanebaptist.org; the Facebook page www.lisvanebaptistfacebook.com and the office e-mail: val@lisvanebaptist.com

STAFFING

We have two staff: Chris Williams, our full-time minister and Nia James, our parttime Children’s Worker.

As always the church has been blessed with committed volunteers desiring to serve the LORD and our thanks go to each one of them.

SAFEGUARDING

Safeguarding - we have a Safeguarding team of three who ensure DBS checks for Church Workers and Leaders are kept up to date; that Safeguarding policies are updated and that safeguarding training is constantly provided to the required standard. We plan to show a video of Level 1 training to all members in the near future.

REGULAR WEEKLY ACTIVITIES

Children’s Work

Whilst our children’s weekly activities, such as the mother and toddler group and the after-school club for primary children have not been able to continue during the lengthy lockdown period, our Children’s Worker has kept in touch with children via:

Youth

In addition to occasional outdoor meetings when possible, our young people have mostly met on Zoom during Lockdown.

Time to Talk

In addition to garden meetings when weather permitted in the summer months, we have kept in regular touch by telephone with those living alone.

Christmas Giving

Charitable Overseas Contributions

Church Membership

Membership during the year remained steady as did home group attendances; Sunday morning attendances varied a little, often due to the technological challenges for some of meeting via Zoom

Trustees : Roz Barnes; Steve Coombs; Val Dobie; Dai James; Chris Parsons; Lesley Scarratt.

Charity Registration Number: 1126878

Finance Report 2020-21

Summary

The income for the financial year 2020-21 was £100,532, a decrease of 21%, compared to the previous year.

Expenditure was £83,158, a decrease of 29%

The surplus for the year was £17,374.

Appended to this report are the Income & Expenditure report and the Balance Sheet

Income

This has been a year of unprecedented challenges for all of us.

The main sources of income are the monthly standing orders, the gift aid claimed back from HMRC and the rental income from the second manse.

The monthly covenants decreased by 15% this year

A few members have left the fellowship and some others are contributing less due to change of circumstances

The rental income is down by 32%, compared to the previous year.

We had rental income from both manses for April to August in the previous year as opposed to rental income from only the second manse for the same period this year

Expenditure

The total expenditure decreased by 29 % when compared to last year.

The pastor’s costs increased by 38% as we had a pastor for the full year, compared to six months in the previous year. This was offset by the reduction of cost in other ministries. The community worker left in April 2020.

The spend on the manse’s increased by 17% due to refurbishment costs on the main manse.

Hall hire reduced by 90% as we were not able to meet in the Memorial Hall due to lockdown. Our Weekly Sunday services were moved to online zoom services

There was a reduction in all other categories of expenditure, due to the lockdown and the limited activities carried out by the church

Balance Sheet

The balance sheet reflects the Church assets as at 31[st] March 2021. The value of the two manses is shown the same as the previous year at £705,000.

The additions, have been shown at cost and reflect the spend on the church office extension as at 31[st] March 2021.

Once the church office is completed, the trustees

would obtain an independent valuation of the property .

The investments now total £173,810, compared to £204,228 last year

The reduction is due to part of the deposit held with the BU being utilised for the new church office.

The only key liability that we have on the account is the pension deficit that currently stands at £24,200

Income and Expenditure April 2020 - March 2021

Actuals
Actuals
Inc/Dec
2020/21
2019/20
INCOME
OFFERINGS
Monthly Covenants
68,867
69,770
-1%
Charity Covenants
2,000
-100%
Plate offerings
3,622
-100%
Donations/Legacies
Gift Aid/Tax Refunds
17,454
25,764
-32%
Total
86,321
101,156
-15%
UNRESTRICTED INCOME
Interest (Deposit Accounts)
1,839
2,395
-23%
Association Ministry
0
0
Manse Rent
11,200
16,800
-33%
Total
13,039
19,195
-32%
DESIGNATED INCOME
Refunds
1,300
Conferences
0
0
Church Events
2,218
Mission
1,000
1,545
Miscellaneous
172
2,038
Total
1,172
7,101
-83%
Total Receipts
100,532
127,452
-21%
Actuals
Actuals
Inc/Dec
2020/21
2019/20
EXPENDITURE
PASTOR
Stipend
25,343
14,583
Pension
3,301
1,858
Baptist ministers pension fund
3,475
4,532
Employer NI
188
Travel
95
630
Conferences
550
514
Resources
258
192
Entertainment
424
299
Moving costs
755
Telephone
359
899
Miscellaneous
40
Pastor Total
33,805
24,490
-38%
OTHER MINISTRIES
Assistant Pastor
4,362
Childrens worker
13,178
13,607
Community Worker
7,136
16,832
Employer NI
148
Pension
1,016
1,884
Expenses
TrainingCosts
Other Staff Costs
21,330
36,833
42%
MANSES
Council Tax
1,321
618
Maintenance/Refurbishment M1
4,055
1,392
Maintenance/Refurbishment M2
779
736
Insurance
624
628
Commission for finding a tenant
929
Consultancy/ Architect fees for church office
3,228
Manse Total
7,708
6,602
-17%
HALL HIRE
Memorial Hall
935
11,498
Old School
1,150
Scout Hut
140
Public Indemnity
329
328
Total Hall Hire
1,264
13,116
90%
CHILDREN & YOUTH
Resources
812
Creche
Holiday Clubs
28
Fun Factory
96
600
Conferences
Treasure Seekers/Explore/Creche
80
178
Outreach
Spree/Weekends
1,599
Youth
28
992
Miscellaneous
Total for Youth and Children
1,016
3,397
70%
MISSION
Home Mission/BMS
8,400
13,041
Mission Projects
485
MLW
100
1,500
Teacheraid
900
1,494
Rainbow of Hope
1,200
1,200
Interns
240
Local Mission
2,500
1,200
Miscellaneous
280
Mission Total
13,100
19,440
33%
TOTAL INCOME
100,532
127,452
-21%
Gain/Loss
17,374
10,272
69%
WORSHIP
Resources/Licences
1,103
1,231
Speakers
490
1,504
Conferences
Communion
121
Refreshments
475
Leader's Meetings
Worship Total
1,593
3,331
52%
EVANGELISM
Café Church
759
Pebbles
499
Alpha
Ouitreach
89
325
Marketing
Discipleship Total
89
1,583
PASTORAL
Flowers / Cards
48
219
Member gifts
1,447
5,866
Miscellaneous
Pastoral Total
1,495
6,085
75%
SUPPORT SERVICES
Bank Charges
95
191
Subscriptions
795
903
Stationery/Photocopying
648
Technology & Website
636
103
Financial Audit
89
39
Miscellaneous
143
419
Support Services Total
1,758
2,303
24%
TOTAL EXPENDITURE
83,158
117,180
29%

Balance Sheet

Fixed Assets
- 32 Plas-y-Delyn
Additions
- 2 Heol-y-Delyn
Current Assets
Debtors
Investments
Bank & Cash
Total Current Assets
Current Liabilities
Net current Assets
Net Assets
Charitable Funds
Restricted
Unrestricted
£
£
425,000
44,815
280,000
749,815
1,100
0
35,156
35,156
36,256
0
36,256
786,071
749,815
36,256
786,071
31st March 2021
£
£
425,000
280,000
705,000
0
34,273
34,273
0
34,273
739,273
705,000
34,273
739,273
31st March 2020
£
£
425,000
280,000
705,000
0
34,273
34,273
0
34,273
739,273
705,000
34,273
739,273
31st March 2020
34,273
739,273
705,000
34,273
739,273

NOTES

Equipment depreciation 100% per year

I can confirm that I have audited all the statements and transactions relating to the Lisvane Baptist Church 2020 Church accounts.

From the information provided there are no issues and all the financial transactions are correctly recorded on the financial statements.

The only point I should make is that you have correctly at this stage added all the costs associated with the manse extension are added into the fixed assets. Whereas at this time this is acceptable I would recommend that once the extension is complete you request an independent valuation to determine whether the value of the extended property is more or less than the original valuation plus all the associated building costs.

Tony Naudi Littlemore Baptist Church Treasurer Mobile: 07795566369