2020-12-31-accounts - Walton Baptist Church

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		Page
Report ofthe Trustees		1toc
Independent Examiner's	Report
Statement of Financial	Activities
Balance Sheet
Notes to the Financial Statements		8to 17

End ofYe	ar 2020
Budgeted	Income	for	2021	596,500	x 2536 =	624,125
Standard	month	staff	&housing costs	63,181	x6	619,086

		forthe	Year Ended31De	cember2020
		Notes	Unrestricted	Restricted	Total Funds	TotalFunds
			Funds	Funds	2020	2019
					E	E
INCOME AND ENDOWMENTS	FROM:
Donations and legacies			76,997		76,997	88,768
Tax refunds			11,036		1L036	15,016
Rent receivable			12,326		12,326	20,407
Interest received			376		376	1,006
Coronavirus Job Retention Scheme		grants	3211		3,211
TOTAL			103,946		103,946	125,197
EXPENDITURE ON:
Ministry			41,643		41,643	40,685
Youth and Sunday school			32		32	305
Administration		3	36,057		36,057	48,585
Tithe payments		13	11,650		11,650	12,036
Outreach			1,562		1,562	3,095
Fellowship		9				690
Designated gifts		13	300		300	590
TOTAL			91,244		91,244	105,986
NET INCOME/(EXPENDITURE)			12,702		12,702	19,211
TRANSFERS BETWEEN FUNDS
			12,702		12,702	19,211
OTHER RECOGNISED GAINS/(LOSSES)
Actuarial gains/(losses) on defined
benefit pension schemes		8	14,480		14,480	652
NET MOVEMENT IN FUNDS			27,182		27,182	18,559
RECONCILIATION OF FUNDS:
TOTAL FUNDS BROUGHT FORWARD			893,757		893,757	875,198
TOTAL FUNDS CARRIED FORWARD			920,939		920,939	993,797

			Unreatrleted	ReatrlCted	ReatrlCted	Fetal Funda	Total Fugs
		Notes	Funds	Funds		81.12.20	31.22.15
			5	g		g
FIXEDASSETS
Tangible assets			723824			728 24	7269 4
			723,824			723,824
CURRENT ASSETS
Stock			1,17$			1,178	1,2d2
Oehtors			5,755			5,755	11,066
Cash et bank end In hand			220,686			220,688	203,
			227,621			227,621	216&
CURRENT LIABIUTIES
Creditors
			1,553			1,553	8/+
NET CURRENT ASSETS			226069			2263%8	213,1
TOTAL ASSETSLESSCURRENT
LIASIUTIES			949P92			949,892	940,09
PROVISIONS FOR LIABILITIES
AND CNAR085			28953			28. 53
			28,953			28,953	46,33
						920,939	893;75
FUNDS
Ceno'alfunds			916.827			916,827	885/91
Designated funds			4,112			4,112	7,865
The financial statements were approved end were signed on Rs behalf bY:		920rr39 by the board ofTrustees		- 920939 89375 on .......If„!„,j„„. .. „. ...
Reverend Stephan Austin-Sparks
Trustee
	The	notes form part ofthese		Enancial	statements

2 Anal sis	of	I	nco	min	Resources
						2020	2019
						f	f
Unrestricted Income
Gift-aided donations						44,144	52,012
General income including			CAFS			31,731	35,166
Tax refunds						11,036	15,016
Interest received						376	1,006
Rent received						12,326	20,407
Coronavirus Job Retention			Scheme grants			3,211
						102,824	123,607
Designated Income
Fellowship fund receipts							1,000
Designated gifts						1,122	590
Directed gifts
						1,122	1,590
Total Incoming Resources						103,946	115,157
3 Administration				fx	enses
						2020	2019
						f	f
Salaries, speakers' fees &			expenses			12,182	12,447
Maintenance ofChurch		building				1,008	4,239
Gas, electricity &.rates						5,055	4,887
Insurance						2,936	2,896
Repairs &renewals						2,638	5,031
Telephone & internet						869	678
gank charges &subscriptions						3,326	3,693
Consultants, legal &professional					fees	1,404	2,038
Independent Examiner's		fee				1,620	1,560
Printing, postage, stationery				8 photocopying		240	1,646
Staff training						303	38
Housekeeping, service	costs			& catering		91	579
Manses maintenance	costs					1,285	953
Bad debts							4,800
Depreciation to freehold			building		improvements	3,100	3,100
						35,557	48,585

			2020	2019
			E
Balance sheet liability at	year	start	46,339	49,339
Minus deficiency contributions		paid	(3,663)	(4,779)
Interest costs			757	1,127
Remaining (credit)/charge	to	balance sheet liability'	(14,460)	652
Balance sheet liability at	year-end		28,953	46,339

			2020	2019	2018
Discount rate			0.4%	1.7%	2.4%
Future increases to Minimum	Pensionable	Income	3.0%	3.2%i	3.3%

				Brought	incoming		Resources	Actuarial	Carried
				Forward	Resources	Transfer	Expended	6ains/Losses	Forward
				E	E	E	E		E
Unrestricted		Funds:
Centralfunds				885,891	102,824	(7,074)	(79,294)	14,480	916,827
				885,891	102,824	(7,074)	(79,294)	14,480	916,827
Designated		Funds:
Tithe Fund			a)	790		9,961	(11,650)		(899)
Fellowship		Fund	b)	2,887		2,887
Designated		gifts	c)		1,122		(300)		822
Sabbatical	Reserve		d)	4,189					4,189
				7,866	1 122	7,074	(11,950)		4,112
Total Funds				893,757	103,946		(91.244)	14,480	920,939

			Notes		Unrestricted	Restricted	Total Funds
					Funds	Funds	2019
					E	E	E
INCOME AND ENDOWMENTS			FROM:
Donations and legacies					88,768		88,768
Tax refunds					15,016		15,016
Rent received					20,407		20,407
Interest received					1.006		1,006
TOTAL							125,197
EXPENDITURE ON:
Ministry					40,685		40,685
youth and Sunday	school				305		305
Administration				3	48,585		48,585
Tithe payments				13	12,036		12,036
Outreach					3,095		3,095
Fellowship					690		690
Projects
Designated gifts					590		590
Directed gifts
TOTAL							105,986
NET INCOIVIE/(EXPENDITURE)					19,211		19,211
TRANSFERS BEtWEEN FUNDS
					19,211		19,211
OTHER RECOGIIBSED GAINS/(LOSSES)
Actuarial gales/(losses)		on
defined benefit pension		scheines			652
NET MOVEMENT	IN FUNDS				18,559		18,559
RECONCILIATION	OF FUNDS:
TOTAL FUNDS BROUGHT FORWARD					875,198		875,198
TOTAL FUNDS CARRIED FORWARD					888,787		893,757