CIRENCESTER +} BAPTIST CHURCH
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Trustees’ Annual Report & Accounts for the Year Ended 31st December 2021
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## Contents
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|Trustees Report
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|Independent Auditor’s Report|12-13|
|Statement of Financial Activities|14-16|
|Accounting Policies|17 - 20|
|Notestotheaccounts|21-25|
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Cirencester Baptist Church Annual Report Ist January 2021 to 31% December 2021
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## Statutory Information
Name of Charity: Cirencester Baptist Church (Sometimes shortened to CBC)
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Registered Charity Number: 1127222
## Registered Address:
Chesterton Lane Cirencester Gloucestershire , GL7 1YE
Trustees Mr Matthew Frost (Senior Pastor) Mr Philip Trainer (Assistant Pastor) Mrs Naomi Shrubsole (Youth and Children’s Pastor) Mr Peter Marrow (Secretary) Mrs Caroline McKemey (Treasurer} Mrs Clare Baker Mr Steve Chandanam Mr Granville Gray Mr Colin Lawford Dr Michael McKemey Mr Martin Rigley Mrs Cate Oxenham Mr Paul Willmott
## Property Trustees
The Baptist Union Corporation Limited, Registered Charity No. 249635 Baptist House 129 Broadway Didcot, Oxfordshire OX11 8RT
Other Officers Administrator Mrs Pat Lee . Pastoral Worker Miss Ann-Rachel Harwood Friday Under Fives Worker Mrs Stephanie Kingsley Facilities Manager Mr Steven Chandanam Worship Pastor Mrs Robyn Trainer Children’s Pastor Mrs Elizabeth Glover Youth Pastor Mr Luke Dives Bankers Auditor Lloyds TSB Bank ple MHA Monahans 14 Castle Street 38-42 Newport Street Cirencester, Glos Swindon, Wilts GL7 1Q) SN1 3DR
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## Annual Report for 2021
The Trustees present their report and the audited financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” in preparing the annual report and financial statements of the charity. 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 to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.
## (a) Objectives and Activities
The Charity is governed by an Approved Governing Document (Constitution), adopted at a Special Church Members’ Meeting on the 9" September 2008. This states that the principal purpose of the charity is the advancement of the Christian faith according to the principles of the Baptist denomination. The Church may also advance education and carry out other charitable purposes in the United Kingdom and other parts of the world. The Church occupies premises that are held by the Baptist Union Corporation Ltd, on Trusts which are entirely compatible with the above objectives.
In order to achieve the charitable objectives which are set out above, the Church provides a variety of activities both to its Membership and to the community generally. The Trustees of the Church have considered and have regard to the Charity Commission guidance on public benefit.
The principal activities of the Church may include, but are not restricted to: regular public worship, prayer, Bible study, preaching and teaching;
- e baptism, as defined in the Baptist Union’s Declaration of Principle; e the communion of the Lord’s Supper which is normally observed at least once a month; e evangelism and mission, locally, regionally, nationally and internationally; e the teaching, encouragement, welcome and inclusion of young people;
- ® nurture and growth of Christian disciples;
- e education and training for Christian and community service;
- e giving and encouraging pastoral care;
- e supporting and encouraging charitable social action in the United Kingdom and abroad;
- ® encouraging relationships with and supporting Baptist and other Christians.
To undertake activities as a means of achieving the Charitable Objectives, the church works on its own, or with other churches or groups. The aim is to show the love of Jesus Christ in both word and deed; to bring people into a closer relationship with Him as living Lord; to support and encourage charitable social action; and to encourage relationships with other Christians.
Like the rest of the world, 2021 continued to be affected by the Covid 19 pandemic and the restrictions imposed on life in the UK. For all of 2021 so much of the life, community, outreach and worship of the church was altered from ‘normal’. Most significantly, so many of our activities and groups continued to operate partially online.
Central to the work and witness of the church is the provision of regular public services of Christian worship. These services take place twice on each Sunday morning and again each Sunday evening. There are also occasional services at other times which are advertised within the church and its
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website at www.cirencester-baptist.org. Services of a special nature are advertised more widely in Cirencester. There is a full programme for children and young people during the 10.30am service on Sundays. A monthly All Age Worship service provides a choice of involvement and activity for all ages. Each of the Sunday services has its own style to suit the differing preferences of the church and community. The church seeks to be a friendly and welcoming community, and anybody is free to attend any of these services.
These services continued online for all of the year. This was an enormous effort from a team of volunteers and the staff. It has been very successful, with very large numbers of people ‘attending’ these services - including many who are new to CBC. These services have been broadcast live on Sunday mornings via live.church earlier in the year and then on YouTube available after broadcast also on YouTube. The services gradually returned ‘in-person’ as restrictions eased in the UK (with Children’s and Youth groups beginning from April 2021 and being fully restored to 10 groups running weekly by November 2021, whenever team allowed).
The church runs a series of house groups for friendship, the growth of faith, pastoral care and relationship with the local community. By the end of 2021 there were 19 such groups, comprising some 270 people meeting in various homes throughout the catchment area of the church, namely Cirencester and surrounding villages & towns. The Bible study element of these groups follows the Sunday service teaching. All who consider themselves part of the church are encouraged to integrate into the life of a house group. Details of these groups are advertised in the church news sheet. All of these groups continued to meet during lockdown. Most of them have met via ‘Zoom’ and have coped well without meeting in person — and during 2021 many of them began, in part, to meet together in person again — often using the church building to allow for more social distancing. A lot of effort has been put in by the house group leaders in keeping in touch with people.
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. a i aid oot weve fe se oe The Church is privileged to have contact with many
ag Ge wht d esil i _ children and young people. In February we
ot . “im ie<’ j appointed a new Children’s Pastor in a part time role. She
“Bee & --¥ a, was already working with us as an intern, — and has
i ee we, settled in very well. In March we appointed a new part
— = \ time youth pastor who was able to join us from South
= fs ee Africa mid July. He is settling in well to the role,
i
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. > _— “2 return in person.
a f) ~) , ) particularly as more of our activities have been able to
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Youth and Children on Sunday mornings are mainly from families who worship with us regularly, and
on average about 60 attend each week (many more attend over a month with some still attending
online). We have an established monthly music-based worship event called ‘Revive’ which is designed
to appeal to young people in the church and community. This is a i —
in addition to the 3 midweek youth house groups and a eee “ta
children’s house group (Year 5-6) that our Children’s Pastor has , {et oy. es
started that regularly attract 26 Year 5-13’s each week cme a
(attendance in these groups is greater, but many have not [ a & Ps
been able to attend weekly). - ee 2 x, aa ” ‘4
The Youth & Children’s Pastor and her team continued to be | am 1 ws PF a sia) ote
creative in finding ways to connect with children and young Bethe yA > Fi #Z Eon
people during lockdowns, and as we could meet in person from gt — ee cs
April 2021, encouraging team back, and providing indoor and oN: pate. oT Le See
outdoor sessions to keep things as safe and interesting as eea eee
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possible. It was so important to re-establish relationships, with socially distanced activities, mask
wearing, BBQ and games, garden socials, and so much more. Friday Under Fives Fe
Our weekly Friday-Under-Fives’ parent & toddler group continues to run our words and deeds
two weekly sessions giving encouragement and support to over 260 pre- eee ety cierdte eierouns
school families. The church employs someone for eight hours a week to =.
help run this successful activity. During 2021 these groups began to meet = = — =<
again and introduced a new group for babies called FUFlings. The groups “when? reson wie
are now growing again — especially as we are able to serve coffee and FUFlings Seiten item
biscuits again. It was great to provide 3 in person Christmas Parties this ee ras
year. = ‘
SaWhere? = Chesterton Lane
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‘Messy Church’ provides ‘alternative’ church for families who are less keen =
on the formality of Sunday worship or as an introduction or outreach to “== — . i.
bring friends and extended family to. Its style is relaxed and activity steffkingsley@cirencester-baptistorg
based and appreciated by those who attend.
- — oo eee oes We had an outdoor Messy Easter where 55 children came
m= ®. hal Sea = s sy 5 from 32 different families, including a neighbour who came
are Tea Ee ee Ce a , Past and joined in with her daughter. We were delighted to
atee eee sere tie. hove an interactive Light Party, with 128 coming. At
> F By er. 2: eee) Christmas we were able to hold Messy Christmas, with
i, Me: ice e Be es socially distanced crafts for an hour followed by a 45-
, — i = = teamminuteofinteractive13 volunteersservice.enabled52 peopleit to happen.came andNumbersan amazingat all
these events varied due to the prevalence of Covid in the community at the time.
Also,girls agedthe two10-16,mid-week who generallyyouth club haveevents no otherthat cater church connection,for boys and -)a f Psa‘S
except for the regular school assembly and Bible study input by the }iaaAAMET Baas a
church. Once youth club could no longer meet, the team sought to v EES ¥ “oN ~
keep in touch with young people through messages, Instagram and a rs A :
some socially distanced meet ups. From September 2021 we were y v, 1 *. ae
attended over the Autumn Term. . :
able to bring both youth clubs back in person. 72 young people qYouth vwClubas Team 3¢
We also provided “It’s your move” books to Year 6’s transitioning to Secondary school and
conducted 6 interactive sessions at the local schools to aid transition, either via MSM teams, or in
person. Members of CBC lead school assemblies and activities in all the primary and secondary
schools in the area, sometimes in partnership with other groups such as Open the Book and Gideons
International. We run a weekly Christian Assembly at Deer Park school that young people can
choose to attend, with up to 50 young people attending. During this time we have continued to
provide assemblies via You Tube or over MSM Teams. Unfortunately, we haven’t been able to
continue with the Deer Park Assembly this year but are in talks with the school to bring it back in
2022.
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One member of the church has been studying at Moorlands Bible College and has been doing her placement with CBC in various ministries.
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There are a large number of other church activities which provide a go
means of friendship, encouragement, practical support and growth in wa Je
Christian faith to all in the church. These cater for different ages, s < ; Ni
genders and interests, and contribute to the ethos and life of the eo eee
church. They are a means of encouraging new people to come STORM Sheet
among us and benefit from what we provide. Numerous special or Ex
events and regular activities took place during the year to provide urchweekend awav “Ae
opportunities for deepening friendships. In November 2021 we were able to hold a weekend away
at the Pioneer Centre, Shropshire when 170 adults and children enjoyed teaching, fellowship and
friendship together.
Our regular groups and meetings include monthly curry club, —— 1a. £ :
banner making group, craft group called Creative Hands and | A) ex la. Bie
Hearts, Food for Thought (monthly lunch club for those around 3 a ani? le a. J
during the day), Friends Café (monthly support group for uf = ‘
widow(er)s), monthly prayer breakfast, monthly prayer and | ar &
worship evening, weekly prayer meeting, and the CBSingles <. iss ! ;
group. The Time Out Café is open weekly on Wednesday igeae :
mornings for coffee, cake and a chat. All of these groups have rie
been able to restart in 2021 having stopped the previous year. -akood for thougtit team
They are slowly growing again.
The church is involved in numerous community activities, some Christian and some secular. Regular
activities include Cirencester Pilgrims (football team), ‘Eat Lunch’ (a school holiday initiative offering a
warm welcome, games, crafts and a free hot healthy lunch to families who may need some extra
support during the holidays — regular doorstep conversations and bag a
drops have been provided during 2021), the chaplaincy team at = Sy, j
Cirencester Hospital, and our senior pastor is a chaplain at the Royal ge ee Soa 3
Agricultural University. Ministry at the hospital and RAU has continued Wy \F = 7 a
hasbut has open b e denup reducedagain. by the pandemic — but as the year progressed \eTop sie, 1AeaAcs
Jt . y) ‘ Twice monthly games evening called eae ; Te. ve a
= A aS / ip > 3 Around the Table continued online and we e ON uP ee
we aS = — My then in person as the year progressed. — hal 208
Se This is also now growing again. meee
Mas]? (oS: See) 2 AU SER ei hey
SE) Ue re ~The senior pastor along with another
Alte Va hoi~ church leader launched a podcast called Two Pastors in a Pub tackling
_ “4 “De _ questions about life, God & faith which has progressively grown during
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§ 2021. |
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Several members of the Church are involved with Cirencester Home-Start, which provides support for parents of young children in the community. The Church continues to assist with the Churn Neighbourhood Project, which provides support in the community. The Cirencester, Fairford and Tetbury Foodbank has its warehouse in the basement of our church building. The Foodbank became much busier in 2021 as a result of the pandemic. They made more use of the church building to coordinate home deliveries. In addition, many individual Church Members have responsibilities and involvement in a whole range of community activities. Examples are the frequent ‘Open the Book’ Bible drama presentations in primary schools within Cirencester and surrounding villages, taking services in local retirement homes and the Street Pastors scheme in Cirencester.
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We work closely with the other churches in Cirencester. A long running joint involvement has been with the Alpha course, which seeks to help those who wish to explore the Christian Faith. One successful online Alpha Course ran in 2021.
During 2021 we shared together in an online Good Friday service, and then at Christmas worked together to sing carols in the town centre and to host a ‘Nativity Trail.
Our concern is not only for people in the church and the local community, but further afield too. We partner church members (and former church members) working as missionaries in Japan, Germany with Teach Beyond and Southeast Asia with Interserve. In each case, they continue to be supported through mission agencies as we consider that provides them with a more secure support base. We also support missionaries in Bangladesh through the Baptist Missionary Society World Mission. The relationship with pastor Daniel and his churches in Romania has continued, particularly as their churches have been especially affected by Covid.
Again, CBC collected shoeboxes for Operation Christmas Child and decorated and filled over 225 boxes with presents.
The use of our new church building has gradually returned so that by the end of 2021 activity was approaching pre-pandemic levels, with a number of new groups.
The Church expresses its part in the wider Christian community by making grants to national and international Christian organizations and societies with aims and objectives compatible with the church’s own charitable purpose.
The trustees have paid due regard to the Charity Commission's guidance on public benefit in deciding what activities the charity should undertake. The trustees consider that they have acted in the public benefit
## (b) Achievements and Performance
The Church does not only measure the success of its programs in numbers, including financial numbers, but also in less tangible areas like fellowship, support and encouragement. The Trustees recognise that these are difficult to measure but believe that 2021 was a positive year in the life of the church as we dealt with Covid restrictions and their gradual reduction. We will be able to pursue our mission purposes in 2022 with faith and enthusiasm.
Twelve people were baptised following a profession of faith in Jesus Christ. We were pleased to welcome 10 new people into church membership. 23 of our members joined our Friends List or resigned from membership; 2 of our members died during the year. On 31st December 2020 the membership stood at 290, which was a net decrease of 15 over the year. We were delighted that 9 babies were born to families in the church and two couples from the church was married at CBC in 2021
The congregation at CBC appears to have continued to grow in numbers during 2022. However, because of the online nature of so much of the church’s activities it will take time to integrate new people into the family of the church. This is welcome and is hopefully also allied to a growth in community, spirituality and service.
Towards the end of 2021 those who volunteer within the life of the church numbered at least 250 (and this says nothing of those who are also serving elsewhere in their local communities). This is a measure of the activities and enthusiasm of the congregation. Once again, because of the pandemic, so many of the volunteers were unable to serve as they had before — and earlier in the year there
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was a shortage of volunteers as some groups returned. This is now starting to ease as more people
## step forward.
By the end of 2021 the weekly Sunday services were being regularly attended by over 400 people. Although with so much online, this is much harder to measure than in previous years.
The house groups in the church play an important part in the life of the church. The church leadership has invested in training and encouraging the leaders of these groups who become increasingly important in the pastoral ministry of CBC. Leaders of pastoral ministries meet regularly, as a pastoral forum, to ensure we are serving and caring for everyone in the church. The mainstays of our pastoral care continue to be house groups and personal relationships.
We have continued to support Gloucester Outdoor Church, Kings Stanley Baptist Church and Arlington Baptist Church in Bibury, helping the congregations with practical matters and finding a way forward for the church and its mission. Arlington church has connected with online church services — using it to help with their worship. CBC has also helped them with training in safeguarding. During 2021 Bourton Baptist Church made a new connection with CBC by using our online services, meeting with leaders from CBC and having people come and lead services for them.
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## (c) Financial Review
The church continues to raise funds that it needs to carry on its activities from within its own congregation. We have been able, through the generosity of many in the church, to continue to pay the loans on the new building from the Baptist Building Fund and the Baptist Union Corporation.
The church is heavily dependent on its congregation working voluntarily in all aspects of our activities, many of which run with little or no impact on our expenditure; but nevertheless, contribute substantially to the achievement of our objectives.
The financial results for the year, together with a summary of the accounting policies adopted are set out in the accompanying financial statements. Our total income was £572,973, £417,258 to the general fund, £155,715 to the restricted fund and £0 to the endowment fund. Our total expenditure was £509,585. This is made up as follows, £380,911 from the general fund and £59,362 from the restricted and £69,312 from endowment funds. We ended the year with a surplus of £63,388
Total funds held at 31 December 2020 were £2,845,034 of which £3,430,309 are held at fixed assets.
Reserves of £134,673 were held in the general fund; £43,889 in restricted funds; £2,632,680 in the endowment fund, £34,825 in the unrestricted fixed asset fund, £20,000 in the designated building maintenance fund and -£21,033 pension liability reserve.
Our reserves policy states that there should be reserves of three months of normal church General Fund expenditure which is £95,000. Our reserves at the end of the year now stand at £113, 640 which is slightly above the required level due to a temporary reduction in expenditure during 2021 due to Covid 19. We note that the Church has net current liabilities of £74,549 and we seek to continue to generate funds. The key financial risk is generating sufficient funds to repay the long-term loans.
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The principle funding sources are donations and offerings from the congregation.
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Significant expenses include the employment of 3 full-time Ministers, and seven other employees to lead and co-ordinate the church’s activities. These activities include Sunday services, pastoral care for the congregation and other people. They also encourage the congregationin its life, Christian witness and service. They also include the running and upkeep of our building. A further significant expense is the support of both overseas and UK mission and outreach. The Church expresses its part in the wider Christian community by making grants to national and international Christian organizations and societies with aims and objectives compatible with the church’s own charitable purpose.
As with many areas of society the Coronavirus pandemic continues to have a big impact on our church. We have been following government recommendations and regulations and have:
- e We started the year with all services online and as restrictions eased moved to holding services in person as well as continuing online. We are continuing to run homegroups, prayer meetings, toddler and children activities and staff meetings online or in person as government guidance recommended.
- e At the beginning of the year the church was closed to all hirers except Cirencester Foodbank and the Blood Transfusion Service. Since April we have slowly been opening our doors and hirers have been returning to our premises. This reduced our lettings income.
- e Expenses were also reduced which helped our cashflow.
- e We have been keeping a constant watch on finances and giving remained at encouraging levels.
- The major risks to which the church is exposed have been identified by the Trustees as follows, and systems have been established to manage these risks: e Governance risks — Constitution adopted 09/12/08 outlining procedures for membership; members’ meetings; appointment, role, responsibility and removal of charity trustees.
- e Operational risks — On-going staff and volunteer training; Safeguarding policy and procedures in place (in line with Baptist Union model polices); Disclosure & Barring Service (DBS) checks of all staff and volunteers working with children and vulnerable adults; Health, Safety, Fire and IT policies and Risk Register in place (reviewed & updated in 2019); First Aid Courses; Adherence to Baptist Union guidelines and consultation with BU advisors on wide range of issues.
- e Financial risks — Financial Procedures Policy in place and reviewed regularly. e External risks —- Regular updates and advice on government policy received from Baptist Union, Evangelical Alliance and Charity Commission.
- e Compliance with law and regulations - Employer, public and charity trustee indemnity insurance in place and reviewed annually.
- (d) Structure, Governance and Management The Charity is governed by an Approved Governing Document (Constitution), adopted at a Special Church Members’ Meeting on the 9th September 2008. Those seeking Church membership are accepted into membership in accordance with the Approved Governing Document (Constitution). Church Members’ Meetings are held on at least 4 occasions in the year. In 2020 we held two in person meetings at the beginning of the year and two meetings via zoom later in the year. At these meetings, the Members seek to discern the mind of God for the overall policy and affairs of the Church.
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In accordance with the Constitution, the Members appoint Trustees, both Elders and Deacons. These, together with the Ministers, Church Secretary and Treasurer (who are also appointed by the Members), are responsible for the day to day running of the Church’s work and witness, and the financial and legal aspects of the charity. Trustees, both men and women, must be baptised Church Members securing the support of at least 66% of the Members voting by secret ballot at a Church Members’ Meeting. Apart from the Ministers (also Trustees), they are appointed for a period of 3 years, subject to the on-going support of the Church Members’ Meeting. Trustees meet at least bimonthly to consider the affairs of the Church. All Members are encouraged to take an appropriate part in the spiritual and practical tasks involved in the furtherance of the charitable objectives. Relevant matters may be submitted to the Church meeting by the Trustees for consideration or may be raised by Members in Church Meeting for consideration by the Trustees and Members. Though the Constitution permits decisions to be made at Church meetings by appropriate majorities, the Church seeks to work by consensus wherever possible.
The Trustees confirm that the major risks have been reviewed and systems or procedures have been established to manage those risks.
The remuneration package for ministers (classed as key management personnel of the charity) is based upon BUGB guidelines and national agreements made between BUGB and HMRC, and also takes account of existing historic arrangements with individuals. The complete package is applicable to full time ministers only: part time ministers will receive a basic salary pro-rata. Remuneration will be reviewed annually each October/November for inclusion in the budget. Recommendations will be made by the Finance Team and authorised by the Trustees.
e) Future Plans for 2022
- e To continue to develop spirituality, friendship, hospitality and care among our members.
- e To welcome new people into the life of the church, and to reach out to our local communities with the good news of Jesus. We expect the church to continue to grow in numbers, particularly as more people are gathering ‘in-person’ post-Covid.
- e To continue to offer online services and gatherings even though restrictions in the UK are coming to an end.
- e To employ a new church administrator and possibly a church manager.
- e To maximize the opportunities of our church building to welcome and serve the local community and share the gospel — especially as groups are able to meet again after the pandemic.
- e To start new house groups in Cirencester and other local towns and villages.
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- e To strengthen our supportive relationships with smaller churches in our area - in particular Kings Stanley Baptist Church, Arlington Baptist Church, Bibury and Bourton Baptist Church.
- e To explore the opportunity for planting a new church.
- e To explore the possibility of opening a house in Cirencester for people who have been homeless.
- e To strengthen the role of the local cluster of Baptist churches in the Cotswolds.
- e To grow CBC’s ministry to young people and schools in the area — particularly looking at expanding into some more village schools — and possibly into Cirencester College.
- e To seek opportunities to serve those in need in the local area. e To encourage people from our church to serve and support those who are overseas — and to encourage people from CBC to consider going overseas to serve for medium to long term. One lady is exploring working in the Middle East and we are keen to partner with her.
- e To strengthen our relationship with Pastor Daniel Antonesei and his churches in Romania.
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e To welcome and encourage students at the local Royal Agricultural University.
## Fund-Raising Standards Information
The charity does not employ a professional fund-raiser /commercial participator.
The charity or any person acting on behalf of the charity was not subject to an undertaking to be bound by any voluntary scheme for regulating fund-raising, or voluntary standard for fund-raising in respect of activities on behalf of the charity.
We did not directly monitor activities carried on by any person on behalf of the charity for the purpose of fund-raising.
No complaints were received by the charity or a person acting on its behalf about activities by the charity or by a person on behalf of the charity for the purpose of fund-raising. We do not actively fundraise outside of our church building. Collections at each service are stressed to be on a purely voluntary basis and more directed at regular members and attendees.
## (f) Trustees’ responsibilities statement
The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
- e select suitable accounting policies and then apply them consistently;
- e observe the methods and principles in the Charities SORP 2019 (FRS 102);
- e make judgements and estimates that are reasonable and prudent;
- e state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- e prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## (g) Auditors
The auditors, MHA Monahans, will be proposed for re-appointment at the forthcoming Annual General Meeting.
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## (h) Declaration
The trustees declare that they have approved the trustees’ report above.
## Signed on behalf of the charity’s trustees
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|Full Name||Caroline McKemey|
|Position|Church Secretary|Church Treasurer|
|Date|12|Wifar||
a fa
R f th nden ltor Tr Cirencester Baptist Church
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Opinion : We have audited the financial statements of Cirencester Baptist Church (tha 'charify') for the year ended 31 December 2021 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements: - give a true and fair view of the state of the charity's affairs as at 31 December 2021 and of its incoming ragources and application of resources, for the year than ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have bean prepared in accordance with the requirements of the Charities Act 2011.
## Basls for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors’ responsibilities for the audit of the financial statements section of our report. We are Independent of the charity in accordance with the ethical requirements that are ralevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to golng concern
In auditing the financial statements, we have concluded that the trustees’ use of the going concem basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for Issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant gections of this report. .
Other Information The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly statad in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other intormation and, in doing so, consider whather the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to he materially misstated. If we identify such material inconsistencies or apparent material themselves.misstatements,If, basedwe areonrequired the workto determine we have whetherperformed, this wegivesconcluderise to athatmaterial there misstatementis a material misstatementin the financialofstatementsthis other information, we are required to report that fact. We have nothing to report in this regard.
Matters on which we are required to raport by exception We2008have requiresnothingus toto report toreport in yourespectif, in ourof the opinion:following matters where the Charities (Accounts and Reports)~ Regulations - the information given in the Report of the Trustees is inconsistent in any material respect with the financial staternents; or - sufficient accounting records have not been kept; or - the financial statements are not In agraament with the accounting records and returns; or - we have not received all the information and explanations we require for our audit.
Responslbilitles of trustees As explained more fully in the Statement of Trusteas' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determina is necassary to enable the preparation of financial statements that ara free from material misstatement, wheather due to fraud or error.
In preparing the financial statements, the trustees are rasponsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concem basis of accounting unlass the trustees either intend to liquidate the charity orto cease operations, or have no realistic alternative but to do so.
|
Page 12
| | | | | | | ;
## Report of the Independent Auditors to the Trustees of Cirencester Baptist Church
## Our responsiblilitles for the audit of the flnancial statements
We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurancs, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularitias, including fraud, are instances of non-compliance with laws and regulations. We dasign procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Based on our understanding of the charity and the industry, we identified that the princlpal risks of non-compliance with laws and regulations related to health and safety, employment law, and Charity Law, and we considered the extent to which non-compliance might have a material effect on the financial statements of the charity. We also considered those Jaws and regulations that have a direct impact on the preparation of the financlal staternents such as the Charities Act 2011 and taxation legislation.
We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to revenue recognition, management override, going concern, and management bias in accounting estimates and judgemental areas of the financial statements such as the depreciation policy and valuation of debtors. Audit procedures performed by the audit engagement team included: ;
- discussions with management, including consideration of known or suspected instances of non-compliance with laws and regulations and fraud;
- understanding and review of management's intemal controls designed to prevent and detect irregularities, and fraud;
- raviaw of the minutes of the Trusteas meetings;
- performing analytical. procadures to identify any unusual or unexpected relationships that might indicate risks of material misstatement due to fraud;
- raview of the financial statements disclosures and testing to supporting documentation to assess compliance with ralavant laws and regulations discussed above;
- anquiring of the Trustees about actual and potential litigation and claims;
- testing transactions entered into outside of the normal course of the charity's business; and
- identifying and testing journal entries, in particular any journal entries with fraud characteristics such as journals with round numbers.
There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and the transactions reflected in the financial statements, the less Ilkely we would become awere of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from arror, as fraud may involve deliberate concealment by, for example, forgery or intentional misrapresentations, or through collusion.
A further description of our responsibilities for tha audit of the financial statements is located on the Financial Reporting Gouncll's website at www.frc.org.uk/auditorsresponsibilitias. This description forms part of our Report of the Independent Auditors. -
Use of our report
This report is made solaly to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees thoge matters we are required to state to them in an auditors’ report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.
## MUA Moratart
MHA Monahans
Statutory Auditors
Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 38-42 Nawport Street Swindon Wiltshire SN1 3DR
Date: 25 April 2022
Page 13
Statement of Financial Activities Year ended 31 December 2021
| | |
## Cirencester Baptist Church
,
|Cirencester Baptist Church
Statement of Financial Activities
Year endedended 31 December 2021|,||||||
|---|---|---|---|---|---|---|
||Notes|Unrestricted|Restricted|Endowment|2021|2020|
|Income and endowments from:||£|g|£|£|£|
|Donations and legacies|2|371,305|153,556|0|524,861|485,908|
|Investments|3|646|0|0|646|319|
|||371,951|153,556|0|525,507|-486,227|
|Income from charitable activities|||||||
|Use of premises||27,212|0|0|27,212|20,358|
|Government Grants|4a|0|0|0|0|3,172|
|Church Weekend away||17,945|0|0|17,945|0|
|||45,157|0|0|45,157|23,531|
|Other trading activities|||||||
|Fundraising activities||150|2,159|0|2,309|2,745|
|Profit on disposal offixed assets||0|0|0|0|98,058|
|Total income||417,258|155,715|0|572,973|610,561|
|Expenditure on:|||||||
|Charitable Activities - Church|4-5|380,911|59,362|69,312|509,585|429,805|
|Raising Funds||0|0|0|0|0|
|Total expenditure||380,911|59,362|69,312|509,585|429,805|
|Net Incoming Resources before otheradjustments||36,347|96,353|(69,312)|63,388|180,756|
|Loss on disposal of Fixed Assets|)|0|0|0|0|0|
|Transfers Between Funds|14|(15,000)|(96,017)|111,017|0|0|
|Net Movement in Funds||21,347|336|41,705|63,388|180,756|
|Reconciliation of funds|||||||
|TotalFundsBrought Forward:||147,118|43,553|2,590,975|2,781,646|2,600,890|
|TotalFundsCarriedForward||168,465|43,889|2,632,680|2,845,034|2,781,646|
_
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.
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All income and expenditure derive from continuing operations
14
| | t
i
| |
|Balance Sheet 31 December 2021||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||Notes|2021||2021|||2020||2020||
||||g||£|||£||£|,|
|Tangible Fixed Assets||10|||3,430,309|||||3,491,107||
||||||3,430,309|||||3,491,107||
|CurrentAssets||||||||||||
|Debtors|;|7|25,820|||||27,820||:||
|BankandCash
Total Current Assets|||186,281
212,101|||||166,261
194,081||||
|Current Liabilities -due within one year||||||||||||
|Creditors - Loans||8|269,445|||||186,007||||
|Creditors - General||8|17,205|||||14,310||||
|Total Current Liabilities|||286,650|||||200,317||||
|NetCurrent (Liabilities)/Assets|||||(74,549)||||||(6,236)|
|Creditors -due over one year||||||||||||
|Baptist Union Loan||9|425,858|||||605,314||||
|Baptist Building Fund Loan||9|67,500|||||75,000||||
|Other Creditor
Mortgage -4 Sudeley Drive||9|17,369|||||22,913||||
||||||(510,727)|||||(703,227)||
|Total NetAssets||||a|2,845,034|||||2,781,645||
||||||||||||||
|Funded by:||||||||||||
|Endowment(propertyfund)||11|||2,632,680|||||2,590,974||
|Restricted Funds||11|||43,889||||||43,553|
|Unrestricted Fixed Asset Fund||11|||34,825||||||33,811|
|General Fund||11|||134,673|||||124,049||
|Pension Liability Reserve||11|||(21,033)|||||(25,743)||
|Designated Building Maintenance Fund||11|||20,000||||||15,000|
|Total Funds|||||2,845,034|||||2,781,645||
|Signed on behalf ofthe Trustees by:||||||||||||
|Caroline McKemey - Treasurer
,
Y rolamMKeay|||PeterMarrow - Church Secretary|||:|Date:|(3|H/>
.|||145|
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!
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Statement of Cashflows Year ended 31 December 2021
2021
2020
£
£
| | |
||||£|||£|
|---|---|---|---|---|---|---|
||;||||||
|Cash flows from operating activities:|||||||
|Netcash provided by (used in) operating activities|||129,878|||136,097|
|||||||||
|Cash flows from investing activities:|||||||
|Interest income|||646|||319|
|Purchase oftangible fixed assets|||(6,987)|||(2,303)|
|Proceeds from sale oftangible fixed assets|||0|||239,058|
|Net cash provided by (used in) investing activities|||(6,341)|||237,074|
|||||||||
|Cash flows from financing activities
Repaymentsofborrowing
Cash inflows from new borrowing|||(203,518)
100,000|||(320,491)
0|
|Netcash provided byfinancing activities|||(103,518)|||(320,491)|
|Change incashandcash equivalents intheyear|||20,020|||52,681|
|Cash and cash equivalents atthe beginning ofthe year|||166,261||-|113,580|
|Total cash and cash equivalents atthe end ofthe year|||186,281|||166,261|
|Reconciliation of net movement in funds to netcash|flowfrom|operating activities|||||
||||2021|||2020|
||||£|||£|
|Net income/(expenditure) forthe year|||63,388|||180,756|
|Adjustments for:|||||||
|Depreciation charges
Loss on disposal offixed assets|||67,785
0|||67,681
2,448|
|Profiton disposal offixed assets|||0|||(98,058)|
|Deduct interést income|||(646)|||(319)|
|(Increase)/Decrease in debtors
‘Increase/(Decrease)increditors|||2,000
(2,649)|||(987)
(15,423)|
|Net cash used in operating activities|||129,878|||136,097|
|Analysis ofchanges in net debt||at start ofyear|cash flows|atend ofyear|||
|Cash equivalents
Loans falling duewithin one year||166,261
(186,007)|20,020
(83,438)|186,281
(269,445)|||
|Loans falling due after more than one year
Total||(680,314)
(700,060)|186,956
123,538|(493,358)
(576,522)||;|
16
|
Cirencester Baptist Church Notes to the Accounts Year ended 31 12 2021
## Accounting Policies
## a
## General information and Basis of Preparation
Cirencester Baptist Church is an unincorporated charity. The address of the registered office and the nature of the charity’s operations and principal activities are given in the trustees’ annual report.
The charity constitutes a public benefit entity as defined by FRS 102. 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 have been prepared fo give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following the 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 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented In sterling which Is the functional currency of the charity and rounded to the nearest pound.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
There are no significant areas of judgements or key sources of estimation uncertainty.
## Going concern
The trustees acknowledge the net current liabilities of £74,549 and the impact COVID has continued to have on the financial position of the charlty. The income from hiring out the church facllities has reduced during the lockdown periods, but since the easing of current restrictions we have many organisations returning to hire with us again, almost returning to pre Covid levels. Church giving increased on 2020 levels, and we are pleased to see that many members moved to giving directly to the church instead of by cash collections. Giving has also almost returned to pre Covid levels.
The trustees are confident that the charity will be able to generate sufficient income to meet its loan repayments. The trustees consider that there are no materlal uncertainties about the Charity’s ability to continue as a going concern.
## Legal status
The charity is an unincorporated trust constituted by its governing document.
||
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17
| | | | |
## b Income
All incoming resources are included in the Statement of Financial Activities (SoFA) 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 recelved. For donations to be recognised the charity will have been notified of the amounts and the ) settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then Income is deferred until those conditions ore fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.
income from trading activities includes income earned from fundraising events and trading activitles to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred.
Interest income Is recognised using the effective interest method and dividend and rent income is recognised as the charity’s right to receive payment Is established.
Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the Income will be received, and the amount can be measured reliably. If entitlement is not met, then these amounts are deferred.
- c Grants payable
The church makes grants to individuals and other organisations whose charitable objectives complement its work. Where unconditional grants are offered, this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the recipient will receive the grants. Where grants are conditional relating to performance then the grant is only accrued when any unfulfilled conditions are outside of the control of the charity.
## d __ Expenditure
__ Expenditure ) . Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required, and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accrual’s basis. All expenses, Including support costs and governance costs, are allocated or apportioned to the applicable expenditure headings in the statement of financial activities. Irrecoverable VAT is charged against the expenditure heading for which it was incurred.
- e Volunteers
Most of the management is carried out without charge by volunteers. This Intangible cost is not included in the Statement of Financial Activities since it is not practical to measure the value of the volunteers’ time.
f Funds Unrestricted funds comprise general funds which the church can use for ordinary purposes, and designated funds which the church has allocated to particular purposes. Restricted funds represent monies received or invited by the church for a specific purpose. The funds may only be expended on the specific purpose for which they were given. Transfers from the general fund to restricted funds occur when the expenditure on the resiricted fund has exceeded the income. ,
The endowment funds represent the value of bulldings owned and used by the church. In the opinion of the Trustees the endowments are expendable, but the church may not sell any of Its property without the express permission of the holding trustees, Baptist Union Corporation.
}
18
| |
- g Employee benefits - When employees have rendered service to the charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service. |
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 note 13).
The charity also operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.
## h Current assets
Amounts owing to the charity at 31st December in respect of fees, rents or other Income are shown as debtors less provisions for amounts that may prove uncollectable.
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short , maturity of twelve months or less from the date of acquisition or opening of the deposit or similar account.
- i Current liabilities
Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.
- J Loans and borrowings Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction It is measured at present value.
- k Financial risk management The charity has minimal exposure to customer credit risk, liquidity risk and market risk. Please refer to the risk section of the trustees’ annual report for information on how risks are managed. The charity does not have any non-basic financlal Instruments.
- | Tangible fixed assets Tangible fixed assets are recorded at cost and depreciation is calculated to write off the cost, less estimated residual value over their expected useful lives. Fixed assets costing more than £200 are capitalised. Cost includes costs directly attributable to making the asset capable of operating as intended.
; ; | | |
19
| |
|Depreciation is provided at the|following rates on a straight line basis:|
|---|---|
|Freehold Land|0%|
|Freehold Buildings|2%|
|Computers and other electronics|25%|
|Furnitureandfittings|10%|
## m Tax
The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.
|
|
20
| | | | t | | | | | ~ : i : | | ; | :
|Notes to theAccounts (continued)||||||||
|---|---|---|---|---|---|---|---|
|2Ponations and legacies
:|Unrestricted
£||Restricted
£|Endowment
£||20214
£|2020
£|
|Offerings& donations
Grants received
Taxrefunds|304,751
8]
66,554||124,415
)
29,141|9)
ie}
0||429,168
0
95,695|399,074
3,172
86,834|
||371,305||153,556|0||524,861|489,080|
|Total donations of£41,960 were received from trustees. These donationswere all glvan without conditions.||||||||
|Trustees also donatewa church plate collections. These amounts are not recorded separately||||||||
|2b Related Party Transactions||||||.||
|Total donations of£12,420were recelvad from close familymembers of trustess. Thesedonations were all given||without|conditions.|||||
|Theymayalso donatewa church plate collections. These amounte are not recorded separately
Thewifeoftrustee P Trainer isemployed bythechurch belng responsible forworshipandmediaandesammed
gross salaryof£6,663 and employers pension contrbutions were£615||||||||
|Therewere noother related party transactions.|||.|||||
|3.Income from Investmante
-||||||2024
£|2020
£|
|Bank Interest||:||||646|319|
||||||;|646|319|
|4ExpenditureonCharitableActtylty|Unrestricted
£||Restricted
£|Endowment
£||2021
£|2020
£|
|Mniatry
Totalemploymentcosts
and expenses
Visiting preachers|142,907
1,319
144,226||Qo
18]
[*)|id)
i¢]
ie)||142,907
1,349
144,228|126,895
667
127,252|
|Misslon/outreach||||||||
|Grants payable
(see note 5)
JunlorChurch (Youth& Children)
Leadertralning/conferences
Youth Club
Friday Under58
Singles outreach group
Ciren Pligrime (footballteam)
Help Fund
Seads ofChangsWomen's Conf -to aldChristian mission towomenIntheUK
EatLunch -to ald Christlan mission InUK
Local outreach|39,100
3,222
869
0
6,396
0
412
0
0)
19]
72||31,216
162
0
931
1,017
22
125
6,384
450
447
0|0
0
it)
id
it]
i?)
fe)
ie)
i?)
ie}
0||70,316
3,384
869
934
7,413
22
637
5,384
450
447
72|67,483
3,325
323
404
7,044
235
762
908
601
813
126|
|Church away weekend & days|17,571
67,641||0
30,764|0
0||47,571
107,395|0
82,184|
|Establishment||||||||
|Church||||||||
|Heat, light, Ina. etc
Repairs/malntenance
Depreciatlon
Loseon disposal ofFixedAssets
Thankyou costto Baptista Buulding Fund
Interest Payableon Bullding Loans
OtherCosts
Manses/cottages
Heat, light, Ins. etc
Repalrs/maintenance
Mortgagespayments-4 Sudeley Drive
Support Costs
Administratoremploymentcosts
Facilities Manageremploymentcosts
Pension - Interestcost
Pension -remeasurement
Equipment/audlo-visual materials
Printing/Stationery
Subscriptions etc
Postage/Telaphons
Jobadvertisement costs
Miacellaneous
Govemance Coats
Auditor’e ramuneration
Other profeasional fees
.|17,873
21,182
6,873
it)
0
0
12,577
35,357
30
0
92,992
26,917
27,444
94
384
3,302
1,224
6,813
2,636
0
1,619
7,888
78,053||ie)
0
0
is)
17,882
0
0
0
it]
17,982
0
Q
0
fe]
1,626
Q
0
0
0
0
4,826|(0)
is)
61,812
0
7,600
0
i)
0
0
0
69,312
0
0
0
0
0
0
is}
0
0
Q-
Q||17,873
21,182
87,785
0
7,500
17,982
12,577
36,367
Ka]
8]
180,286
26,917
27,444
94
-384
4,927
1,224
6,813
2,636
fe]
1,618
7,688
0
77,678|41,687
9,946
67682
1077
9
24,276
10,749
27,815
i?)
2,122
165,354
26,149
23,703
673
-12,874
7,533
3,090
5,091
1,689
1,318
1,595
7,049
0
85,014|
|TotalCheritable Expenditure|380,912||59,361|69,312||500,586|420,806|
|4a, Government Grants|||||£|2021|2020
£|
|Recelved forCoronavirusJobretention scheme grant
;|i)
o||Q
0|0
Q||Q
0|3172
3,172|
Government grants: nll (2020: £3172} of government grants were recelved for Coronavirus Job Retention Schame grant. There werd no unfilled conditions and other contingencies attached to grants that have been recognised In Income, and the charity has not directly benefited from any other form of government assistance.’
21
\ | | ! ) i . | | | | | i
**----- Start of picture text -----**
Notes to the Accounts (continued)
Staff costs and Trustees expenses 2021 2020
Salaries - Gross salary 189,687 149,445
Socla! security costs - employers national insurance 9,116 12,093
Pension - employere contributions 18,260 15,903
Other employee benefits - rent 28,827 21,600
Other costs - council tax, water, telephone 7,147 5,818
Total 232,916 204,857
Tha average number of employees during the year wae 9.4 (2020: 8)
No employee recelved emoluments In excess of £60,000 (2020 none).
Trustees Remuneration :
The following trustess (who are also classed as key management personnel} are remunerated by the church for thelr role a3 Pastors & Facilitles Manager. 2021 2021 2021
£ £ £
; employers pension Otheremployee \
Mr M Frost , gross salary33,117 contributlons3974 benefits 13200
Ms N Shrubsole 26,905 3300 4276
Mr P Trainer 28,404 3408 11362
Mr S Chandanam 23,206 2767 (e)
411,722 13,450 28,828
2020 2020 2020
£ £ £
Other
employers pension employes |
gross salary contributlons benefits
Mr M Frost 32,442 3803 13200
Ms N Shrubsole 29,283 3514 9
Mr P Trainer 28,783 3339 8400
Mr S Chandanam 20,261 2395 (a
108,789 S147 2,800
Other employee benefits Include amounts paid as rent
Threa Trustees, who are also employes, live In housing leased by the church from themsalves and thelr spouses
No sums were relmbursed to the Trustees for thelr work as Trustees (2020 none)
No Trustees were relmbursed expenses (2020 none)
Penston costs
The church pays pension contributions for one of Its employees to the Baptist Penslon Trust Limited, a mult! employer scheme treated as a
defined contribution scheme (gae note 11), Accordingly, due to the nature of the Schemes, the profit and loss charge for the perlod represents the
employer contnbutions payable. The total pansion coat to this Scheme for the Church was £616 (2020: £502).
Pension contributlons are pald to defined contribution schemes on behalf of thrae of the ministers, youth worker, children's worker, the administrator,
the facilities manager and the pastoral worker (FUFs). The total pension cost for the Church to the defined contribution schemes was £17,845 (2020 £15,401)
No contributions were outstanding at the Balance Sheet date.
_ $Grante Payable Unrestricted Restricted Endowment 2021 2020 i
WEBA Home Mission - to ald Christian mission In the UK ; £ 12,771 £ i) £0 12,771E 12,800£ .
BMS Word Misslon - to ald Chnietian mission wordwide §,000 1,448 ie] 6,448 8,919
The Coes -D & J Parker to- aldto aid ChriatlanChristianmlasionmisslonIn Germanywondwide (Teach(Interserve) Beyond) 13,0685,188 16,9402,606 00 30,0067,882 18,1888,699 |
Nepal/Pakistan Ald - to ald Christian mission In Nepal & Pakistan (0) is) 0 ie} 6,125
PastorMoldovaDanlel & Romania ~ to ald- toChristian ald Christlanmission mlestonin Romania In Moldova & Moldova & Romania 1,32719] 7,88819] ie}9 9,0150 6,303200 |
Semaritans Purse - Shoebox Appeal 0 98 0 98 0 |
Jess Price - support aa Pastoral Assistant is] 325 0 326 900 |
Home for Good - to ald Christian fostering and adoption 0 0 0 0 50 |
Jethro Kingsley - to ald Chrietlan mission In Japan 0 0 0 ie) 6,611 i
Tear Fund - to ald Christian mission and disaster relief 0 0 0 0 20
Clrancester Foodbank - to support vulnerable & marginalised familles i¢] 625 0 626 0
Churn Project - to support vulnerable & marginalised familise in Cirencester 250 i¢] 0 250 260
Open the Book - to ald Chrigtlan mission tn UK primary schools 600 it) 0 500 §00
Open Doors - to ald mission to persecuted Christians 0 1,396 it] 1,396 0
Other 1,000 i?) 0 4,000 4,000
39,100 31,218 0 70,318 87,463
5 of theee grants were made to organisations and 3 to Individuals
§ Auditor's Remuneration 2021 2020
; £ £
Audit of the financial statements : 7,688 7,049
7,888 7,049
i}
TDebtors 2024 2020 |
£ £ i
Accrued Income 10,419 19,428
Prepald Expenses 3,200 6,410 - |
Trade debtor 3,201 1,984 |
25,820 27,820 |
8 Craditora - Dire In leas than a year 2021 2020 |
Accruale ‘ g 13,640 £11,480 ||
Other creditor 3,665 2,830 |
Loans due lass than one year:
BUC maln loan 69,446 76,007 !
BBF Loan 45,000 16,000
Member loans 195,000 96,000
The calculation for the loan amounts due In less than oné year |s based on the minimum level of repayments raquired. 286,869 200,317 ,
2 Secured Itabliltios
The Baptist Union Corporation acts as custodian trustees for our bullding, so holds security for the malin bullding loan.
22 |
|
\
**----- End of picture text -----**
i | i | | | | | | { | { ' ‘ |
|||||||||||i|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|:||||||||||||||
|Notes to theAccounts (continued)||||||||||i|||
|Tangible Fixed assets
‘
Coatat1stJanuary 2021
Additions
Disposale
At 31st December 2021|||Land and Bulldings
£
3,700,568
3,700,509||Other FixedAssets
£
55,177
8,987
82,164|||2021
£
3,766,776
8,987
0
3,762,763|2020
£
3,906,625
2,303
(163,352)
3,766,776||
|
||||
|Accumulateddepreciationat1stJanuary2021
Charge Inyear
Disposals||||243,303
81,812
305,115||21,366
5,873
27,339||264,869
87,785
0
332,464.|206,890
87,682
9,903)
284,669||
|
|
{|||
|NETBOOKVALUE||||||||||||||
|At 1stJanuary2021
At 31st December 2021||,|_|3,457,296
3,396,484||33,812
34,826||3,491,108
3,430,300|3,766,408
3,699,935|{
'|||
|Propertica
The sole propertyowned bythechurch Iathechurch bullding In Chesterton Lane.||||.||||||‘|||
|44 Funds
Movement
infunds
Restricted funda 2021
‘|1.1.2021||Incoming
Resources||Resources
Expended||Transfare
In/(out)||31.12.2021|||||
||£||£|||£||£|£||||
|New Bullding Fund - see analysls below
BMSWorld Mission -to ald Christlan mission worldwide
The Coss -to ald Christlan miselon In Garmany (Teach Bayond)
D & J Parker - to ald Christlan mission worldwide (Interserve)||23,210
0
910
421||106,815
1,861
16,908
2,476||17,982
1,448
16,940
2,698||(96,017)
0
0
0|16,026
213
878
200||||
|Moldova & Romantle - to aid Christian mission In Moldova&Romania
Pastor Danlel— toald Christlanmission in Romania&Moldova
Youth Club
:
Seeds ofChange Women's Conference
Jess Price -support as Pastoral Assistant
Children's Ministry
Equipment
FridayUnder5s Toddlergroup
Singles outreach group
Halp fund - providing financial support for those In need
Green Pastures -toald Christlan mission to thehomelees
Youthmisefon -toald Christianmission worldwide
TearFund -to ald Christlan mission and disaster rellef
Open Doors -to ald mission topersecuted Christans
Samaritans Puree-ShoaboxAppeal
Horizons Scholarship -to ald tralning foryouthworkers worldwide
Cirencester Foodbank -tosupportvulnerable&marginallsed families
EatLunch - toald Christian migelon inUK
Ciren Pilgrime - to ald Chrietian mission In sport
Total Restricted funds||2,712
1,317
697
3,122
60
0
0
987
555
6,48
0
2,033
it]
is]
it]
0
ie]
1,066
126
43,654||150
7,788
583
i?)
300
100
1,826
953
i?)
3,184
8,250
ie)
957
1,396
103
3,844
625
0
0
155,715|,|Q
7,688
831
460
325
182
4,625
1,017
22
5,384
0
0
0
1,396
98
0
625
447
4125
59,361||0
0
0
0
0
0
0
0
ie}
0
0
0
0
0
0
0
[e}
0
it]
(96,017)|2,862
1,447
349
2,872
25
(82)
ie]
922
534
4,148
6,260
2,033
967
i]
6
3,844
0
619
0
43,689||||!|
|New Bullding Fund - detail||23,210|||||||23,210||||
|-Donations and Grants Recelved
-GiftAld
- Incomefrom Fundralsing avents etc.||||84,661
20,005
2,169|||||84,561
20,095
2,169||||
|-Capital Repayments
.||||||||(111,017)|(111,017)||||
|~ Loan interest||.||||17,982||:|(17,982)||||
|- Fundralsing costs|||||||||0||||
|- Transferfrom Ganeral Fund||||||||15,000|15,000||||
|||23,210||106,815||17,982||(96,017)|18,026||||
|All restricted fund aseeta are held in cash at bank or on dapoalt with the Baptist Union Corporation.|||||||||||||
|The purpose ofeach restricted fund Is described In the name given to the fund|ae listed above.||||||||||||
|Restricted funds 2020|4.1.2020||Inc**o**ming
Res urces||Resources
Expended||Tra**n**sfers
I /{out)||31.12.2020||||
||£||£|||£||£|£||||
|New Bullding Fund -see analysisbelow
BMSWorld Mission -toald Chnatlan misalon worldwide
TheCoes -to ald Christian mission In Germany(Teach Beyond)||16,187
1,170
1,720||112,774
2,585
4,578||24,276
3,756
5,388||(81,4665)
0
ie]|23,210
i¢)
910||||
|D &J Parker - to ald Christian mission worldwide (Interserve)||277||3,663||3,518||0|421||||
|Moldova&Romania -to ald Christlan mlasion in Moldova& Romania
Pastor Daniel— toaid Christian mlesion in Romania & Moldova
Youth Club
Seeds ofChangeWomen'sConference
Jesa Price -support a3 Pastoral Aasistant
Friday Under 68Toddler group
Singles outreach group
Helpfund -providing financial supportforthose Inneed
Youth mission -toald Chriatlan mission worldwide
Tear Fund -to ald Chrietan mission and disaster rellef
Jathro Kingsley -to ald Christlan mission In Japan
Jethro Kingslay Children's ministryoffering -toald Chriatian mission inJapan
Nepal/Pakistan Ald - to ald Christan mission In Nepal & Pakistan
HomeforGaod «to aldChristian fostering and adoption
EatLunch -toald Christian misskon InUK
Clren Pilgrims -to ald Christian mission In sport
Total Restricted funda
.|'
,|2,592
1,342
214
2,406
25
228
42
0
2,033
0
30
145
0
[e}
1,878
0
3,266||320
3,978
980
1,319
925
1,778
749
7,300
0
20
6,300
138
6,125
60
(e}
125
151,704||200
4,003
494.
601
900
1,018
235
853
[e)
20
5,330
281
5,125
60
813
0
56,060|.|fe)
i¢]
ie)
ie)
0
0
(é]
0
)
Q
0
0
0
0
0
[e}
81,455}|2,712
1,317
697
3,122
50
987
555
6,948
2,033
0
o.,
0
(¢]
0
1,068
126
43,653||||
|New Building Fund - detell||16,187|||||||18,167||||
|- Donatlona and Grants Recelved||||89,209|||||89,209||||
|- Gift Ald||||20,821|||||20,821||||
|- Incomefrom Fundralalng events atc.
-Capital Repayments||||2,746||||(81,485)|2,746
(81,485)||||
|- Loan interest||||||24,278|||(24,276)||||
|- Fundralsing costs|||||||||0||||
|~Transferfrom General Fund|||||||||(°}||||
|||16,187||112,774||24,276||(81,455)|23,210||:||
23
| | || |
i ' | H | } | |
|Notes to theAccounts (continued)
Endowment
funds2021|4.1.2021
£|4.1.2021
£|Incoming
Resources|Incoming
Resources|£|||Resources
Expended|£|||Transfers
Inv(out)
£||31.12.2021
£|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Endowment funds||2,600,974|||||0|||68,312||411,017||2,832,680|
|||2,500,974|||||o...|||69,312||111,017||2,832,680|
|2020|||||||||||||||
|Endowmentfunds|1.1,2020
£
2,473,296
2,473,296||Incomng
Resources||£||98,068
98,068|Resourcse
Expended|£|81,812
61,812||Transfers
Inout)
Eg
81,432
81,432|.|31.12.2020
£
2,590,974
2,590,074|
|Unrestricted funds 2021
;
Fixed Asset Fund
General Fund
Pension Liability
Bullding Maintenance reserves
.|1.1.2021
£
33,811
424,049
(25,743)
16,000
147,117||.
Incoming
Resources||3||0
417,260
0
i¢]
417,260|Resources
Expanded|£|0
385,622
(4,710)
[e}
330,912||Transfers
In/{out)
£
1,044
(21,014)
0
6,000
(15,000)||341.12,2021
£
34,825
134,873
(21,033)
20,000
188.466|
|Unrestricted
funds 2020|||||||||||||||
|FixedAssatFund
General Fund
Pension Liability
Bullding Maintenance reserves|4.1.2020
£
30,827
88,703
(41,201)
40,000
97,329|||Incoming
Resources|£||[e}
380,799
0
0
360,799|Resources
Expended|£|0
326,401
(16,468)
0
311,033||Transfers
In/(out)
£
(8,018)
1,038
5,000
22||31.12.2020
£
33,811
124,049
(26,743)
15,000
447,117|
|Transfers betweenfunds
a transfer of£5,000 has been made fromthe general fund tothe designated Bullding|Maintenance Reserve to||allocatefunds|||to|repalr the|bullding.|||||||
|The fixed assetfund transfars refiect the net ofnewasset additions less depreciation|during the year.||||||||||||||
|Analysisofnetassetsbetweenfunds2021|Unrestricted
Fund
£|||Restricted
Fund
£||||Endowment
Fund
£||||2021
Total
£|||
|Fixed assets
Currentassets
Current Ilabillties
Long term llabllitles||34,825
168,212
(17,205)
(17,369)
168,483|||||0
43,389
8]
43889|||3,395,484
0
(269,445)
{493,368}
2,632,680||3,430,309
212,101
(286,650)
(510,727)
2,845,034|||
|Analysisof netassetsbetwoanfunds2020|Unrestricted
Fund|||Restricted
Fund||||Endowment
Fund||||2020
Total|||
||£||||£||||£|||£|||
|Fixed assets
Current assets
Current llablliies
Long term Ilablilties||33,811
160,528
(14,310)
(22,913)
147,116|||||0
43,553
0
0
43,553|||3,487,296
0
(186,007)
(680,314)
2,890,974|:|3,401,107
194,081
(200,317)
(703,227)
2,781 646|||
|Analysle ofEndowmentfund||||||||||||2021||2020|
|||||||||||||£||£|
|Fixed asset -NewChurch Bullding, Chasterton Lane, Cirencester||||||||||||3,395,483||3,457,205|
|Fixed asset -80% 4 Sudeley Drive|||||||||||||||
|long term llabllltles:|||||||||||||||
|Mortgage on4 Sudeley Drive
BUCmain loan
BBFLoan
Members Loans||||||||||||(485,303)
(82,600)
(195,000)||(881,321)
(80,000)
(86,000)|
|||||||||||||2,632,880||2,600,974|
|12 Comparative Statement of Financial Activities|||||||||||||||
|Statement of Financlal Activitles Yearanded 31 December2020|||||||||||||||
|Incomeand endowments from:||||||Unrestricted
£||||Restricted
£||Endowment||Total 2020
£|
|Donations and legacies
Investments
Income from charitable activities
Uaeofpremises
Goverment grants
Fundraising Actvtles -New Church Bullding
Other
Profiton dlapoeal offixed assets
Total Income|||||||336,949
319
20,368
3,172
0
360,799|||148,969
i)
9)
(3)
2,745
0
151,704||0
0
ie)
ie)
ie}
98,068
98,058||485,908
319
20,368
3,172
2,746
0
98,068
610,581|
|Expenditure on:|||||||||||||||
|Charitable Activities
Fundraising costs
Total expenditure|||||||311,033
Q
311,033|||56,960
(e}
58,980||61,812
it]
61,812||429,805
0
429,805|
|NetIncoming Resources beforeotheradjustments
Transfers Between Funds|||||||49,766
23|||94,744
(81,455)||36,246
81,432||180,756
0|
|NetMovement InFunds
Reconelllation ofFunds
TotalFundsBroughtForward|||||||49,789
97,329|||43,289
30,264||117,678
2,473,296||180,766
2,600,880|
|Total Funds Carried Forward|||||||147,118|||43,553||2,690,974||2,781,648|
|||||||||||||||24|
Notes to the Accounts (continued)
| | , | | | |
13 Pensions
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. The Scheme, previously known as the Baptist Ministers' Penson Fund, started in 1925, but was closed to future accrual of defined benefits on 31 December 2011. Prior to this date the main benefit provided throuah the Defined Benefit (DB) Plan was a pension of one eiahtieth 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 Pension Income. 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 Broadstone Corporate Benefits Ltd. 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 if 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 Ltd. [Members of the Basic Section pay reduced contributions of 5% of Pensionable Income, and their employers also pay a total of 5%.]
**----- Start of picture text -----**
||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|The Scheme|is|considered|to be|a|multi-employer scheme|as|described|in|Section|28|of FRS102.|Because|it|is|not|possible|to|attribute|the|Scheme's|assets|and|
|liabilities|to specific employers,|the scheme|is accounted|for as|if the Scheme were a defined|contribution|scheme.|
|The Minister(s)|(and some members|of the church|staff)|is/are|eligible|to join the Scheme.|
|Actuarial valuation as at 31 December 2019|
|A formal|valuation|of the DB Plan as at 31|December 2019 was carried|by a|professionally|qualified Actuary using the Projected|Unit Method. At the valuation|
|date|the market value|of the DB Plan|assets was|£298|million,|whilst|the|level|of assets|needed|to pay benefits was £316m,|giving|a|deficit|of £18m|(equivalent|to|
|a|past|service|funding|level|of 94%). The church and|the|other|participating|employers|in|the DB|Plan|are|collectively|responsible|for funding|this|deficit.|
|The key financial|assumptions underlying|the valuation|were as follows:|
|RPI|price inflation|assumption|3.20|
|CPI|price|inflation|assumption|2.70|
|Minimum|Pensionable|Income|increase Adjustment|(above|CPI)|0.50|
|Assumed|investment|returns|
|Pre|retirement|(gilt|yield|plus|1.75%|per annum)|2.95|
|Post|retirement|(including|benefits|matched|by the|insurance|policy)|(gilt|yield|plus|1.70|
|0.5%pa)|.|
|Minimum|Pensionable|Income|increases|(CPI|plus|0.5%)|3.20|
|Deferred|pension|increases|(based|on|RPI)|
|-|Pre|April|2009|3.20|
|-|Post|April|2009|2.50|
|Pension|increases|
|Based|on|CPI|with|an|annual|floor|of 0%|and|annual|cap|of 5%|2.70|
|Mortality|is|assumed|in|accordance|with 80%|of the S3NA and S3NA|standard|mortality|table,|Future|improvements|projected|from|2013|in|line with|the "CMI|
|2019"|projections,|with a|long|term|rate of improvement of 1.75%pa|for males|and|1.5%pa|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.|
**----- End of picture text -----**
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 signed in September 2020, deficiency contributions are payable until 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.
## 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.
**----- Start of picture text -----**
||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Balance|sheet|liability|at|year|start|£25,743|£41,201|
|Minus|deficiency|contributions|paid|-£4,419|-£3,257|
|Interest|cost|(recognised|in|SoFA)|£94|£672|
|Remaining|change|to|balance|sheet|liability*|(recognised|in|SoFA)|-£384|-£12,874|
|Balance|sheet|liability|at|year|end|£21,033|£25,743|
|* Comprises|any change|in|agreed|deficit|recovery|plan|and|change|in|assumptions|between|year-ends.|
**----- End of picture text -----**
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 duration of the deficit recovery payments:
**----- Start of picture text -----**
Discount rate 2.0% 0.4% 1.7%
Future increases to Minimum Pensionable Income 4.06% 3.0% 3.2%
The church has been advised that the cost for the church to buyout their Pension
Scheme liabilities at 31st December 2021 was approximately 2021 £23,900.
**----- End of picture text -----**
|
25