Annual Report and Financial Statements
for the Year Ended 31 December 2020
Trafalgar Road Baptist Church
Charity registration number.. 1128639
Independent Examiners Ltd
2 Broadbridge Business Centre
Delling Lane
Bosham
Chichester
West Sussex
P018 8NF

TRAFALGAR ROAD BAPTIST CHURCH
Contents
Reference and Administrative Details
Trustees, Report
2to7
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
io
Notes to the Financial Statements
iito21

TRAFALGAR ROAD BAPTIST CHURCH
Reference and Administrative Details
Trustees
The Revd B A White, Minister (resigned 30 April 2020)
Jonathan West, Treasurer
Miss Faith Aldridge, Secretary (resigned 31 December
2020)
Trevor Tilley
Leonard Earl Reed (appointed l January 2020)
Jasper Harding (appointed l January 2021)
Clive William Phillips (appointed I lanuary 2021)
Principal Office
Trafalgar Road
Horsham
West Sussex
RH12 2QL
1128639
Charity Registration
Number
Independent Examiner
G W Schulz ACMA
Independent Examiners Ltd
2 Broadbridge Business Centre
Delling Lane
Bosham
Chichester
West Sussex
P018 8NF
Bankers
CAF Bank
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4TA
Santander Bank plc
Bootle
Merseyside
GIR OAA
Page I

TRAFALGAR ROAD BAPTIST CHURCH
Trustees. Report
The trustees present the annual report together with the financial statements of the
charity for the year ended 31 December 2020.
structurei governance and management
Nature of governing document
The Charity is governed by an Approved Governing Document adopted with effect from I
January 2009.
Trafalgar Road Baptist Church (the Church} occupies premises which are held by the
Baptist Union Corporation Ltd on Trusts which are entirely compatible with the Charity's
policies and objects.
Recruitment and appointment of trustees
The management of the charity is the responsibility of the Trustees who are elected and
co-opted under the terms of the Constitution.
Organisational structure
Members of the Church are accepted in accordance with the Constitution, which, at the
discretion of the Members, Meeting, allows full membership to those who confess their
faith publicly. The Church encourages baptism by immersion upon personal profession of
faith, in accordance with the Baptist Union's Declaration of Principle.
As per the decision at the November 2019 meeting, the Members Meetings would only
happen 4 times during this year. However, due to the coronavirus National Lockdown,
the March Members meeting was cancelled and a summary of what would have been
shared was sent to the members. All further Members Meetings took place online (via
zoom) as following the Government guidelines we were not able to meet in person. The
members had agreed to do this as an exception during these extraordinary times,
although our Governing document does not allow it. In accordance with the Constitution,
the members appoint up to eight Trustees (including the Church Secretary and
Treasurer), who together with the Minister, and collectively known as the Leaders, are
responsible for the day to day running of the Church's work and witness, and the
financial and legal aspects of the charity. All members are encouraged to take an
appropriate part in the spiritual and practical tasks involved in the furtherance of the
charitable objective.
Relevant matters may be submitted to the Church meeting by the Trustees for guidance
or may be raised by members in a Church Meeting for further consideration by the
Trustees. Though the Constitution permits decisions to be made at Church Meetings by
appropriate majorities, the Church seeks to work by consensus wherever possible.
Risk Management
The Trustees have assessed the major risks to which the charity is exposed, in particular
those related to the operations and finances of the charity, and are satisfied that
systems and procedures are in place to mitigate exposure to the major risks.
Page 2

TRAFALGAR ROAD BAPTIST CHURCH
Trustees. Report
Objectives and activities
Objects and aims
The principal object of the charity is the advancement of the Christian faith according to
the principles of the Baptist denomination to include the advancement of education,
community service and such other general charitable purposes in such parts of the
United Kingdom and the world as the Church shall determine.
Publlc beneflt
The trustees confirm that they have complied with the requirements of sertion 17 of the
Charities Act 2011 to have due regard to the public benefit guidance published by the
Charity Commission for England and Wales.
Strategies for achieving objectives
In order to achieve the principal objective, which is set out above, the Church provides a
variety of activities both to its membership and to the community generally. The aim is
show the love of Jesus Christ in both word and deed and to bring people into a closer
relationship with Him as living Lord.
Central to the work and witness of the Church is the provision of regular public services
of Christian worship. These take place each Sunday at 10.30 a.m. There are also
occasional services at other times that are advertised on the Church's website at
www.trbc. info. A full children's programme takes place during the morning services. The
Church seeks to be a friendly and welcoming community, and anyone is free to attend
these services.
Following the national lockdown in March, our Sunday services went online and were
made available on our church website. Following the service, an online weekly Zoom
meeting was arranged for the members to still have a time of fellowship together. The
only service, after March, that we were able to have in the building was a reflective
Communion service on Christmas Eve.
The Church runs a series of small groups for the growth of faith and discipleship, some
meet in the homes of members, some use the Church premises. Many of these groups
started to use Zoom to meet online when they were not allowed to meet in person.
Further details of these can be obtained from the Trustees on request or at the Sunday
worship services.
The Church operates a System that ensures that all people working with children and
vulnerable adults are appropriately vetted regarding the Disclosure and Barring Service
IDBS).
Page 3

TRAFALGAR ROAD BAPTIST CHURCH
Trustees. Report
Achievements and performance
Membership."
Our Minister, Brian White, announced at the beginning of the year that he would be
leaving the church and taking up a new post at Wollaston Baptist Church. He and his
wife Sarah left the church at the end of April after serving, faithfully, for the last 17
years.
During the year, the membership of the chLJrch decreased from 73 to 72 members. We
welcomed 2 new members and said farewell to 3 members who resigned their
memberships. The year also saw the homecall of former member Colin Davison and
member Joyce Rainier.
Our last service in the building, before the national lockdown, was a triple Baptism.
Current member Clive Phillips, Caroline Parr (who was also accepted into membership)
and Chris Saunders (through our Alpha course).
Ministry..
Following Brian's announcement that he would be leaving, we have had a variety of
speakers sending in their videoed sermons to be shown during a Sunday service. This
has meant that some speakers have been preaching in two different services at the
same time. We have been fortunate to have speakers from local churches, as well as
further afield and retired ministers. We have also had members from the church speak.
We continued to run a monthly ministry into the local residential complexes at Challen
Court, Leggyfield Court and Highwood Mill, up until the National Lockdown in March.
Leadership."
We have continued with the Learning Hub with 7 other churches in the area, with one
session in person in March, followed by online meetings in June, September, and
December. As well as the leaders attending we have also had those involved in worship
at the church and our small group leader5 attend a session.
The Leaders elertions in November 2020 saw Jasper Harding and Clive Phillips elected
onto the leadership team. Faith Aldridge stepped down from the leadership team, and as
church Secretary, at the end of 2020 after 6 years of service. Newly eletted leader, Clive
Phillips, has taken on the role of church Secretary from the start of 2021. Trevor Tilley
and Jonathan West were re-elected for a 2nd 3 year term.
Page 4

TRAFALGAR ROAD BAPTIST CHURCH
Trustees. Report
Local Engagement.-
TRBC maintained its strong links to Horsham Churches Together (H￿) and again
engaged in the Homeless Night Shelter which ran from December 2019 until its early end
in February 2020 in various churches across the town. TRBC continued to host on
Wednesdays. 10 places were offered each night to St￿et homeless and 200+ volunteers
from across the churches helped. The venture saw a few street homeless move on into
regular housing. TRBC gave its building free of charge to Hcr to run rehearsals for the
One Good Friday play, which was due to take place on Good Friday 2020 but,
unfortunately, was cancelled due to the National Lockdown. They are planning for the
play to go ahead at Easter 2022. TRBC has continued to support the Food Bank with
donations and with members giving time to attend local supermarkets on days when
they are supporting food donations. We have also maintained our support of local
charities operating to address social issues such as Oasis Crisis Pregnancy and Horsham
Debt Advice Service. TRBC regular advertises all HCT events and our two representatives
regular attend the Hcf forums.
We have continued to use the resources of the building to reach out to our community
and enable services to vulnerable groups to operate. Among other users of the building,
we have had The out There Project and a support group for those caring for loved ones
with Alzheimer's disease.
As well as several local residents, associations and a local school who make use of the
facilities, our building has been used by language classes. dog training classes. keep fit
classes, and several performing arts groups alongside the local NHS Trust. Despite the
increased use we have maintained the strong community service element by
discretionary discounts to groups serving vulnerable young adults and providing a venue
for the families in the community to celebrate children's birthdays etc. While the charges
we make for lettings only cover the cost of running the building, the income generated
has helped enable thing5 like the night shelter to continue.
Unfortunately, all hiring had to stop when we went into National Lockdown in March. At
the time of writing, we still have not reopened to hirers but hope to do so in lune 2021.
All of these were alongside the regular ministries that the church runs, and which are
covered in the organisational report5 below. Similarly, these had to Stop and adjust, in
some form, in March. The year ended with a run of services focussing on the Christmas
message online, as well as joining with St Catherine's Hospice online Tree of Light
service.
With the spare time lockdown provided, our creative group, By Design, have
knitted/sewn displays that have been shown outside of the church for those passing by
to see. This has included a Poppy display for Remembrance Sunday and ange15 hanging
outside the front of the church. The angels were then sold to raise money for St
Catherine's Hospice. They have also got plans for more designs next year.
Once again, we are able to declare that God has blessed us and enabled us to be a
blessing, praise His name.
Page 5

TRAFALGAR ROAD BAPTIST CHURCH
Trustees. Report
Financial review
Policy on reserves
The trustees have reviewed the church's need for reserves in line with the guidance
issued by the Charity Commission and have established the level of reserves (that is,
those funds that are freely available) that they believe the church should hold.
The trustees consider it prudent to hold in reserve an amount equivalent to the running
costs of the Church for three months and also cover three months of mission grants
where annual commitments have been entered into. The trustees decided to set the
required level of reserves for these costs in 2021 at £37,000.
The trustees held a Gift Day in November 2020 to support the ongoing maintenance
work required for the church building and manse.
The actual reserves on 31 December 2020 were £56,361 (2019: £73,759).
Principal funding sources
The most significant expense relating to the continuing ministry of the church was the
salary of the Revd BA White as Minister of the Church to lead and co-ordinate the
church's activities including the Sunday Services, to provide pastoral care for the
congregation and other people, and to equip and encourage the membership in their
Christian lives, witness and service. This cost ceased after Brian left the church at the
end of April. However, due to the coronavirus lockdown, our church hire income dropped
significantly after March with no hire income for the rest of the year. We have been able
to let our manse from July which has provided additional income. However, we did have
refurbishment costs prior to the manse being ready for rental.
The Church expressed its part in the life of the wider church by making grants to
national and international Christian organisations and societies with Christian aims and
objectives compatible with the Church's own charitable purpose.
The church is heavily dependent on its membership working as volunteers in all aspects
of the church's activitie5, many of which are run with little or no impact on the Church's
expenditure, but nevertheless contribute substantially to the achievement of the church's
objectives.
The financial results for the year, together with a summary of the accounting policies
adopted are set out i n the accompanying financial statements.
Going concern
After making appropriate enquiries, the trustees have a reasonable expectation that the
charity has adequate resources to continue in operational existence for the foreseeable
future. For this reason they continue to adopt the going concern basis in preparing the
financial statements.
Page 6

TRAFALGAR ROAD BAPTIST CHURCH
Trustees. Report
statement of Trustees, Responsibilities
The trustees are responsible for preparing the trustees, report and the financial
statement5 in accordance with the United Kingdom Accounting Standards (United
Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities 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..
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the Charities SORP.
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to any
material departures disclosed and explained in the financial statements,. and
prepare the financial statements on the going concern basis unless it is inappropriate
to presume that the charity will continue in business.
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 applicable
Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The
trustees 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.
The annual report was approved by the trustees of the charity on 9 June 2021 and
signed on its behalf by:
Jon West ljun 10, 202112..29 GMT+ll
Jonathan West
Trustee
Page 7

TRAFALGAR ROAD BAPTIST CHURCH
Independent Examiner's Report to the trustees of Trafalgar Road
Baptist Church
I report to the charity trustees on my examination of the accounts of the charity for the
year ended 31 December 2020 which are set out on pages 9 to 21.
Respertlve responslbllltles of trustees and examlner
As the charity's trustees of Trafalgar Road Baptist Church you are responsible for the
preparation of the accounts in accordance with the requirements of the Charities Act
20 11 ('the Act,).
I report in respect of my examination of the Trafalgar Road Baptist Church's accounts
carried out under settion 145 of the 2011 Act and in carrying out my examination I have
followed all the applicable Directior15 given by the Charity Commission under section
145(5)(b} of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my
attention in connection with the examination giving me cause to believe that in any
material respect:
l. accounting records were not kept in respect of Trafalgar Road Baptist Church as
required by section 130 of the Act; or
2. the accounts do not accord with those records. or
3. the accounts do not comply with the accounting requirements concerning the form
and content of accounts set out in the Charities (Accounts and Reports) Regulations
2008 other than any requirement that the accounts give a 'true and fair view, which
15 not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connertion with the
examination to which attention should be drawn in this report in order to enable a proper
understanding of the accounts to be reached.
G W Schulz ACMA
Independent Examiners Ltd
2 Broadbridge Business Centre
Delling Lane
Bosham
Chichester
West Sussex
P018 8NF
9 June 2021
Page 8

TRAFALGAR ROAD BAPTIST CHURCH
Statement of Financial Activities
for the Year Ended 31 December 2020
Unrestricted Restricted
funds
funds
Total
2020
Total
2019
Note
Income and Endowments from:
Donations and legacies
Other trading activities
Investment income
101,943
6,027
43
1,720
103,663
6,027
43
123,545
25,061
iio
Total income
108 013
109 733
148 716
Expenditure on:
Charitable activities
142 468
Total expenditure
142 468
Net
incomel(expenditure)
Gross transfers between
funds
26,281
(13,395)
12,886
6,248
Net movement in funds
12,854
32
12,886
6,248
Reconciliation of funds
Total funds brought
forward
1 378 978
468
1 379 446
1 373 198
Total funds carried
forward
14
1 391 832
500
1 392 332
1 379 446
The notes on pages 11 to 21 form an integral part of these financial statements.
Page 9

TRAFALGAR ROAD BAPTIST CHURCH
(Registration number: 1128639)
Balance Sheet as at 31 December 2020
2020
2019
Note
Fixed assets
Tangible assets
1,548,486
1,550,947
Current assets
Debtors
Cash at bank and in hand
io
7,686
5,871
65,632
80,772
Creditors: Amounts falling due within one year
Net current assets
Total assets less current liabilities
1,591,492
1,604,782
Creditors: Amounts falling due after more than
one year
12
199 160
225 336
Net assets
1 392 332
1 379 446
Funds of the charity:
Restricted income funds
Restricted funds
500
468
Unrestricted income funds
Unrestricted funds
1 391 832
1 378 978
Total funds
14
1 392 332
1 379 446
The financial statements on pages 9 to 21 were approved by the trustees, and
authorised for issue on 9 June 202 1 and signed on their behalf by:
Jon West (Jun 10, 202112.'29 GMT+II
Jonathan West
Trustee
The notes on pages 11 to 21 form an integral part of these financial statements.
Page 10

TRAFALGAR ROAD BAPTIST CHURCH
Notes to the Financial Statements
for the Year Ended 31 December 2020
l Accounting policies
Statement of compliance
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 (FRS 102) (effective l January 2019) - (Charities SORP
IFRS 102)), the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
Trafalgar Road Baptist Church meets the definition of a public benefit entity under FRS
102. Assets and liabilities are initially recognised at historical cost or transaction value
unless otherwise stated in the relevant accounting policy notes.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability
to continue as a going concern.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core
funding or are of a general nature is recognised when the charity has entitlement to the
income, it is probable that the income will be received and the amount can be measured
with sufficient reliability.
Donations and legacies
Donations and legacies are recognised on a receivable basis when receipt is probable and
the amount can be reliably measured.
Gift aid
Income tax recoverable in relation to investment income is recognised at the time the
investment income is receivable.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that
expenditure, it is probable settlement is required and the amount can be measured
reliably. All costs are allocated to the applicable expenditure heading that aggregate
similar costs to that category.
Page 11

TRAFALGAR ROAD BAPTIST CHURCH
Notes to the Financial Statements
for the Year Ended 31 December 2020
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its
activities and service5 for its beneficiaries. It includes both costs that can be allocated
directly to such activities and those costs of an indirect nature necessary to support
them.
Governance costs
These include the costs attributable to the charity's compliance with constitutional and
statutory requirements, including audit, strategic management and trustees's meetings
and reimbursed expenses.
Tangible fixed assets
Freehold property owned by the charity is included in the financial statements at its
historical deemed cost and depreciated by writing off the difference between the cost
and the estimated residual value over the useful economic life. The useful economic life
of these assets is so long and residual value so high that any depreciation would not be
material. These assets are subject to annual impairment reviews. Provision will be made
if there ha5 been any permanent diminution in value.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost
model, tangible fixed assets are measured at cost less accumulated depreciation and any
accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its
intended working condition should be included in the measurement of cost.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation,
less any estimated residual value, over their expected useful economic life as follows:
Asset class
Freehold property
Manse improvements
Equipment
Furniture and fittings
Depreciation method and rate
Not material
330/0 on cost
250/0 on cost
IOO/o on cost
Trade debtors
Trade and other debtors are recognised at the settlement amount after any trade
discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other
short-term highly liquid investments that are readily convertible to a known amount of
cash and are subject to an insignificant risk of change in value.
Page 12

TRAFALGAR ROAD BAPTIST CHURCH
Notes to the Financial Statements
for the Year Ended 31 December 2020
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in
the ordinary course of business from suppliers. Accounts payable are classified as
current liabilities if the does not have an unconditional right, at the end of the reporting
period, to defer settlement of the creditor for at least twelve months after the reporting
date. If there is an unconditional right to defer settlement for at least twelve months
after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently
measured at amortised cost using the effective interest method.
Liabilities
Liabilities are recognised when there is an obligation at the Balance sheet date as a
result of a past event, it is probable that a transfer of economic benefit will be required
in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the charity anticipates it will pay to settle
the debt or the amount it has received as advanced payments for the goods or services
it must provide.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees's
discretion in furtherance of the objectives of the charity.
Designated funds are unrestrirted funds set aside for specific purposes at the discretion
of the trustees.
Restricted income funds are those donated for use in a particular area or for specific
purposes, the use of which is restrirted to that area or purpose.
Pensions and other post retirement obligations
The charity operates a defined contribution pension scheme which is a pension plan
Ljnder which fixed contributions are paid into a pension fund and the charity has no legal
or constructive obligation to pay further contributions even if the fund does not hold
sufficient assets to pay all employees the benefits relating to employee service in the
current and prior periods.
Contributions to defined contribution plans are recognised in the Statement of Financial
Activities when they are due. If contribution payments exceed the contribution due for
service, the excess is recognised as a prepayment.
The charity operates a defined benefits pension scheme and the pension charge is based
on a full actuarial valuation dated 2 December 2018.
Page 13

TRAFALGAR ROAD BAPTIST CHURCH
Notes to the Financial Statements
for the Year Ended 31 December 2020
Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic
financial instruments. Basic financial instruments are initially recognised at transaction
value and subsequently measured at their settlement value with the exception of bank
loans which are subsequently measured at amortised cost using the effective interest
method.
2 Income from donations and legacies
Unrestricted funds
Designated General
Restrirted
funds
Total
2020
Total
2019
Donations and legacies,.
Donations
Gift aid reclaimed
9,220
75,593
1,720
86,533
103,837
103 663
123 545
3 Income from other trading activities
Unrestricted
funds
General
Total
funds
Total
2019
Church hire
4 Investment income
Unrestricted
funds
General
Total
2020
Total
2019
Interest receivable and similar income;
Interest receivable on bank deposits
43
43
iio
Page 14

TRAFALGAR ROAD BAPTIST CHURCH
Notes to the Financial Statements
for the Year Ended 31 December 2020
5 Expenditure on charitable activities
Total
2020
Total
2019
Note
Ministry costs
Mission (overseas)
Mission (home)
Children & youth ministry
Small groups
Training & conferences
Publicity
Utilities
Maintenance of premises
Building project
Administration
Sundry
Governance costs
Staff costs
3,327
5,968
9,069
17
12
5,513
7,479
10,049
35
1,166
1,242
105
9,130
18,628
11,302
5,495
354
11,052
602
6,906
11,021
9,147
4,966
785
7,672
142 468
6 Governance costs
Unrestrlcted funds
Designated
General
Total
2020
Total
2019
Independent examiner fees
Examination of the
Inancial statements
Depreciation, amortisation
and other similar costs
1,020
1,020
1,020
7 Trustees remuneration and expenses
2 Trustees received remuneration amounting to £17,706 (2019 - £44,816).
2 Trustees received benefits in kind in the form of pension contributions amounting to
£13,750 in the current year {2019- £10,666).
4 Trustees received reimbursement of expenses amounting to £4,536 in the current
year, {2019 - 5 Trustees £5,059).
Page 15

TRAFALGAR ROAD BAPTIST CHURCH
Notes to the Financial Statements
for the Year Ended 31 December 2020
8 Staff costs
The aggregate payroll costs were as follows:
2020
2019
Staff costs during the year were:
Wages and salaries
Social security costs
Pension costs
30,805
920
51,185
507
The monthly average number of persons (including senior management team) employed
by the charity during the year expressed as full time equivalents was as follows=
2020
No
2019
No
Ministry
Support
No employee received emoluments of more than £60,000 during the year
Page 16

TRAFALGAR ROAD BAPTIST CHURCH
Notes to the Financial Statements
for the Year Ended 31 December 2020
9 Tangible fixed assets
Freehold
property
Furniture
and fittings
Equipment
Total
Cost
At l January 2020
Additions
1,563,694
27,560
36,480 1,627,734
484
At 31 December 2020
1 567 401
36 964 1 631 925
Depreciation
At l January 2020
Charge for the year
23,470
23,192
30,125
76,787
At 31 December 2020
Net book value
At 31 December 2020
1 542 695
4 145 1 548 486
At 31 December 2019
1 540 224
6 355 1 550 947
10 Debtors
2020
2019
Prepayments
Accrued income
2,120
2,083
11 Creditors: amounts falling due within one year
2020
2019
Bank loans
Trade creditors
other loans
Accruals
16,274
950
14,397
6,508
2,661
1,580
Page 17

TRAFALGAR ROAD BAPTIST CHURCH
Notes to the Financial Statements
for the Year Ended 31 December 2020
12 Creditors: amounts falling due after one year
2020
2019
Bank loans
Other loans
182,035
199,211
199 160
225 336
A mortgage was obtained for the development of the new building and is secured on the
church building in Trafalgar Road, Horsham. The total outstanding on this mortgage is
£198,301 (2019- £231,608), and is included in Bank loans.
A mortgage amounting to £18,705 (2019 - £28,250) is secured on the manse property
at 108 Trafalgar Road, Horsham, West Sussex, and is included in Other loans.
13 Pension and other schemes
Defined contribution pension scheme
The charity operates a defined contribution pension scheme. The pension cost charge for
the year represents contributions payable by the charity to the scheme and amounted to
£2,959 {2019- £4,499).
Defined benefit pension schemes
The church is an employer participating in a pension scheme known as the Baptist
Pension Scheme ("the Scheme"), The Scheme is a separate legal entity which is
administered by the Pension Trustee (Baptist Pension Trust Limited).
Prior to l January 2012 the scheme was known as the Baptist Ministers, Pension Fund
with all benefits in respect of service prior to that date provided through the defined
benefits plan. A valuation of the defined benefit plan was performed at 31 December
2019 by the Scheme actuary using the Projected Unit Method. The market value as of
that date was £254 million. The valuation revealed a deficit of assets compared to the
valuation of liabilities amounting to £76 million.
The Scheme has notified the church that in the event of an exit from the scheme the
church would be liable for £74, 100.
The church makes contributions to the scheme which are charged to the statement of
financial activities in the amount of £2,671 (20 19 - £4,727).
Page 18

TRAFALGAR ROAD BAPTIST CHURCH
Notes to the Financial Statements
for the Year Ended 31 December 2020
14 Funds
Balance
atl
January Incoming Resources
2020
resources expended Transfers
Balance
at31
December
2020
Unrestricted funds
General
General Funds
250,218
98,793
(65,933) (13,427)
269,651
Designated
Church building
108 Trafalgar Road
818,355
310 405
9,220
(15,799)
811,776
310 405
1 128 760
1 122 181
Total unrestricted
funds
1 378 978
108013 1391832
Restricted funds
Fellowship Fund
Mission Fund
{overseas)
Mission Fund (home)
468
iio
(78)
500
868
(5,968)
5,100
468
500
Total funds
1 379 446
109 733
1 392 332
Designated funds
Buildings The two designated funds relate to the purchase of the two properties owned
by the Church, including the land PLJrchased during 2009 between the two properties and
to the rear of the manse for £20,000 which is included in the value of the Church
building. The balance on the fund represents the building cost less the mortgage and
interest free loans.
Restrirted funds
Fellowship fund - The fellowship fund allows members to donate funds that are then
passed on to other members of the Church in need.
Mission funds - Members are encouraged to give direct into these restricted funds for the
benefit of missionaries and missionary organisations at home and abroad with which the
Church partners.
Page 19

TRAFALGAR ROAD BAPTIST CHURCH
Notes to the Financial Statements
for the Year Ended 31 December 2020
Balance
ati
January Incoming Resources
2019
resources expended Transfers
Balance
at31
December
2019
Unrestricted funds
General
General Funds
233,983
131,544
(103,606) 111,704)
250,217
Designated
Church building
108 Trafalgar Road
828,482
310 405
11,208
(21,334)
818,356
310 405
1 138 887
1 128 761
Total unrestricted
funds
1 372 870
142 752
124 940
1 378 978
Restricted funds
Fellowship Fund
Mission Fund
{overseas)
Mission Fund (home)
328
140
468
2,444
(7,479)
5,035
328
468
Total funds
1 373 198
148 716
142 468
1 379 446
Page 20

TRAFALGAR ROAD BAPTIST CHURCH
Notes to the Financial Statements
for the Year Ended 31 December 2020
IS Analysis of net assets between funds
Total funds
at31
December
2020
Unrestricted
funds
General
Restricted
funds
Tangible fixed assets
Current assets
Current liabilities
Creditors over l year
1,548,486
64,632
(22,626)
199 160
1,548,486
65,132
(22,626)
199 160
500
Total net assets
1 391 332
500
1 391 832
Total funds
at31
December
2019
Unrestricted
funds
General
Restricted
funds
Tangible fixed assets
Current assets
Current liabilities
Creditors over l year
1,550,947
80,304
(26,937)
225 336
1,550,947
80,772
(26,937)
225 336
468
Total net assets
1 378 978
468
1 379 446
Page 21