2021-12-31-accounts

DIDCOT BAPTIST CHURCH Annual Report and Financial Statements as Year ended 31 December 2021

Didcot Baptist Church Charity Number 1128696

CONTENTS |

Annual Report

Legal & administrative details Independent Examiner's report Statement of financial activities Balance sheet Notes to the financial statements

Pages 2-5 Page 6 Page 7 Page 8 Page 9

Pages 10-19

Didcot Baptist Church

ANNUAL REPORT]

Annual Report for 2021

The Trustees present their Annual Report and Financial Statements of the charity, Didcot Baptist Church, for 2021.

Charitable Object

The Church is an unincorporated association, governed by a constitution which states that the principal purpose of the charity is the advancement of the Christian faith according to 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 will determine.

The Church occupies premises which are held by the Baptist Union Corporation Ltd on trust which are entirely compatible with the above object.

Organisational! structure and decision-making processes

Members of the Church are accepted in accordance with the Constitution. Baptism by immersion upon personal profession of faith is the normal mode of entry into the membership of a Baptist Church.

Church Membership is open to those who:

• accept the Beliefs of the Church

• meet the Church’s qualification on Baptism

• =» commit themselves to serving Christ within the Church and beyond = abide by the decisions of the Church Members’ Meeting; «acknowledge their responsibilities as Church Members « have their membership application accepted by the Church Members’ Meeting.

In regards to Baptismal qualification for Church Membership, the Church operates an open membership. It therefore allows that persons who have not been baptised in the manner described in the Baptist Union’s Declaration of Principle may, at the discretion of the Church Members’ Meeting, be accepted for full membership based on their own public profession of faith.

The members’ meeting normally takes place six times per year and has responsibility for the overall policy of the Church. In accordance with the Constitution, the members appoint Trustees, who include the Senior Minister, Associate Minister, Administrator and Treasurer, Elders and Deacons and are collectively known as the Leadership Team who are responsible for the day to day running of the Church’s work and witness and the financial and tegal 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 and decision or may be raised by members in 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.

Objectives and Activities

During 2021 there was continued disruption to the usual activities of the Church due to the impact of covid-19. These activities are outlined below.

In order to achieve the principal objective which is set out above, the Church provides a variety of activities both for its membership and for the community generally. The aim is to show the love of Jesus Christ in both word and deed and to bring people into a closer relationship with Him as Loving Lord. Our vision is “to be a Welcoming Community, following Jesus, and making Him known’.

Central to the work and witness of the Church is the provision of regular public services of Christian worship. These services have generally taken place each Sunday at 10.30am and 6.30pm, though regular Sunday evening services have not happened since March 2020. There are also occasional services at other times which are advertised on the church notice board and the website at www.didcotbaptist.org.uk. A varied programme is also provided for children and young people, on Sundays and also throughout the week. The church seeks to be a friendly and welcoming community, and anybody is free to attend any of these services.

The Church holds prayer to be of central importance and seeks to incorporate prayer within our regular activities.

Didcot Baptist Church

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ANNUAL REPORT

The Church runs a series of house groups for the growth of faith and discipleship in the homes of some members, and further details of these can be obtained from the Trustees on request, or at the Sunday services of worship.

Whenever possible, the Church makes available its premises, at nominal cost, to community groups. This is done as part of the outworking of our mission statement, and as an acknowledgement of our commitment to serving our community in various ways.

The Church is itself responsible for the following groups with the purpose of assisting the community and demonstrating the love of Jesus Christ:

• e A Toddler Group is run by the church on the Church premises on Tuesday, Wednesday and Thursday mornings. A baby group is run on Wednesday afternoons. These groups began to restart in the church building during the year. The church employs a part-time Toddler & Baby Group Leader to facilitate these groups.

• e A Coffee Break group is often run on Monday mornings from the Church premises, and is well attended by a mix of people from the church membership and members of the public.

• e An Emergency Foodbank is operated four hours a week from church premises, led by DBC members, but supported by a number of other organisations within the town. This is a practical, community-based project aimed at providing short term relief by giving food to people in crisis in our local area.

• e Amonthly mid-week communion service is held(but has yet to restart post covid).

• e A weekly meeting point for the older people of the area provides a varied programme of events and speakers. This is known as Welcome Break and attracts up to 35 people each week.

• e Pre-covid, a monthly games club attracting a wide variety of people from the community interested in board games and social interaction games. It is possible this will restart over the coming year.

• e Occasional men’s events. e An occasional Saturday craft event for women and some socials.

During 2021, in partnership with other Churches in the Greater Didcot area, DBC was instrumental in helping form the Greater Didcot Christian Children’s and Youthwork Trust (registered charity 1194345), operating under the name of ECHO. The ECHO project is focused on helping young people to discover and follow Jesus, by developing a range of provisions e.g., a sports outreach (Soul Sport), Youth Café, and Discipleship Hub. In November, a special event for young people was held at DBC to launch the Trust, and over 50 young people engaged in a time of food, games, and worship, as they explored the difference Jesus makes. In February 2021 the church held a Week of Prayer for Young People, involving young people in a range of activities at home and online, alongside the wider church spending time pfyaing with and for the young people and the wider community.

The church was host to an intern on a summer placement, during which they served in a range of activities, including helping with local projects and preaching. As part of their placement, they also worked with the Children and Youth Director to feed into the Baptist Union of Great Britain’s project group looking at developing young leaders. The church also runs a Girls’ Brigade Group which provides girls and young women with the opportunity to explore faith, develop leadership and life skills, and to engage in social action.

• A youth club meets as part of a range of activities for young people.

Our ministers, Children and Youth Director and other volunteer church members support faith engagement in schools such as assemblies.

The Church operates a safeguarding system to ensure that all people working with children are appropriately vetted through the Disclosure and Barring Service and receive regular safeguarding training. It also has a safeguarding policy regarding working with adults at risk.

From time to time the Church runs courses for people interested in discovering more about Christianity.

Working alongside other churches in Didcot, the church has participated in:

Didcot Baptist Church

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ANNUAL REPORT

• e Prayer Spaces in Schools (not held in 2021) e Community social action days known locally as ‘Soul in Didcot’ (not held in 2021) e Summer outreach to children, known as ‘Treasure Times’, held on the church premises (not held in 2021)

• e Didcot and Wallingford Area Christians Against Poverty Debt Centre (registered charity 1160343) e Didcot Churches Refugee Welcome group

The Church has supporteda full-time Senior Minister and full-time Associate Minister throughout the year, and a new post of Children’s and Youth Director (CYD) since January 2021. This post was supported fully until the end of March 2021, and 50% thereafter. The other 50% of time the post-holder is supported by the Greater Didcot Christian Children and Youthwork Trust. However, as the Trust’s funding had not come through in time for an April beginning, the Church agreed to pay our CYD fully until 31 December on the understanding that this money will be repaid in 2022. This will appear in the financial figures and notes below.

During 2021, the Church also employed (part-time) an Office Manager, a Centre Manager and a Toddler Group Leader.

The Church is a member of the Baptist Union of Great Britain, the Evangelical Alliance and Welcome Churches. It also has a twinning arrangement with a Baptist Church in El Salvador. Over the years, this arrangement has enabled the church to support university students and to provide housing in El Salvador as part of its mission strategy. This year we also held our second joint online service together. The Church is a member of an interdenominational forum in the town, Churches Together in Didcot and District. The Church has read the Charity Commission guidance on public benefit, and is satisfied that the activities outlined above, clearly demonstrates that the charity is providing a benefit to the public.

Achievements and Performance

The Church does not measure the success of its programmes only in numbers, including financial numbers, but also in less tangible areas. These would include the practical and emotional support of individuals and families within the church and the wider community. Also, through our support of churches, projects and organisations with a national and international reach, the impact of the church is seen in the spiritual and physical transformation of lives in places far from our church.

As with the year before, 2021 wasa difficult year in the life of the church, with long periods when activities were either curtailed, or relocated online. Nonetheless, the adaptation to new ways of working and meeting for worship that were initiated in 2020 have proved very successful. During 2021 one new member was welcomed into membership, three sadly died, and following one of our periodic reviews of membership regarding those who had moved away from the area etc., three names were removed from the membership list. The membership on 31 December 2021 stood at 136. Typical attendances at Sunday worship are difficult to gauge owing to being a mix of live and online throughout the year but attendances have stayed strong with numbers mostly ranging from 120-150 including children. When we started to meet in person during the year, numbers in the church building were restricted to ensure social distancing was still possible, whilst simultaneous live-streaming of services continued for others. Through its regular activities, prior to the pandemic, the church was in contact with approximately 120 children (aged 0-11 years), and approximately 40 young people (aged 12-18 years). During this second year of the pandemic, many (but not all) of the activities were again able to take place online during periods of repeat lockdown. The church has sought to engage with our young people in many creative ways throughout the year, for example by sending messages and gifts to help the youngsters know that they are not forgotten.

Other activities, including house groups have continued to function, online and in-person at different times of the year.

One person was baptised during the year.

The church runs Didcot Foodbank which remained open throughout the year and distributed food for 4,330 adults and children during the year (2020: 3,044). This figure includes some repeat visits. Didcot Foodbank is supported by other agencies and churches in the area. In addition, a number of hampers were distributed to needy families at Christmas identified through working with another charity active in the town, namely Christians Against Poverty debt centre (registered charity 1160343). In addition to donations of food and other supplies, the Foodbank received income in the year of £29,261 (2020: £35,040)

Didcot Baptist Church

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ANNUAL REPORT

The church makes our premises available for hire by groups external to the church. This activity was suspended at the onset of the pandemic in 2020 but resumed, albeit it at a lower level, in 2021.

Financial Review The church continues to raise the majority of the funds which it needs to carry on its activities from within its own membership and congregation, except in the case of the Foodbank where a majority of the income is raised from the general public, alongside food donations.

General fund donation income fell by £68k, however an exceptional one-off donation of £100k was received in the previous year. Underlying giving increased by 23%, partly driven by a pledge to fund the new Children and Youth Director role. Income from the rental of the premises (other trading income) began again in the last quarter of the year but was disrupted once more by the covid-related restrictions over the Christmas period. Restricted fund income fell back down to lower levels following the completion of the premises redevelopment project, although there remains a small income stream where giving for the project was pledged over a number of years. Other income includes Coronavirus Job Retention Scheme grants as in the prior year. In addition, income due from the Greater Didcot Christian Children and Youthwork Trust has been recognised as a one-off. General Fund expenditure on charitable activities increased by nearly 17% compared with the previous year. This is mainly due to the employment of the Children and Youth Director, partly offset by the increase in other income. Restricted expenditure last year mainly reflected the costs of the redevelopment of the church premises. This year the main costs in this much reduced figure are the purchase of supplies for the foodbank. Having expensed the costs of the redevelopment of the premises in the previous year, the insurance valuation was updated upon the renewal at 25 December 2021 which resulted in a significant uplift in the valuation of the church. Although the insurance valuation was reviewed before signing last year’s accounts it seems that an administrative error led to the revised documents being released to us with the wrong (previous) valuation. Subsequently, this uplift is reflected in this year’s accounts.

The most significant of our general fund expenses relates to the payment of staff 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 life, Christian witness and service. The church also employs (part-time) an Office Manager, a Centre Manager and a Toddler Group Leader.

The Church expressed its part in the life of the wider church by making grants (19% of unrestricted donations) to local, national and international 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 activities, many of which 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 in the accompanying financial statements.

The Trustees have established a Reserves Policy that requires a minimum of three months’ expenditure be held in General Reserves at any time. The balance held at the end of the year represented five months’ expenditure (£70k). The Trustees are satisfied they have more than sufficient reserves at the Balance Sheet date, together with on-going income anticipated, to enable the church to function effectively in the coming year.

Signed by Pastor Tim O’Brien on behaif of the Trustees:

Date: 24 May 2022

Didcot Baptist Church

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LEGAL. INFORMATION

LEGAL INFORMATION

The church is a registered charity number 1128696.

CHURCH ADDRESS Didcot Baptist Church 43 Wantage Road Didcot Oxfordshire OX11 OBS Tel: [phone]

TRUSTEES David Kerrigan George Ferguson Hazel Grant Joanna Schiider Martin Clegg lan Parnham (until 25 May 2021) Sarah West Tayo Adeyemi CHURCH TREASURER (also Trustee) Kate Andrews

CHURCH MINISTERS (also Trustees) Rev Tim O’Brien Louise Brown

CHILDREN AND YOUTH DIRECTOR (also Trustee) Hannah Field

BANKERS Charities Aid Foundation 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ

INDEPENDENT EXAMINER Richard Wilson

Didcot Baptist Church|

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INDEPENDENT EXAMINER’S REPORT|

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES AND MEMBERS OF DIDCOT BAPTIST CHURCH

| report to the trustees on my examination of the accounts of the Church for the year ended 31 December 20271, which are set out on paces 8 to 19.

Respective Responsibilities of Trustees and Examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Charities Act’) and that an independent examination is needed.

• It is my responsibility to:

• e examine the accounts under section 145 of the Charities Act,

• e to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and

• e to state whether particular matters have come to my attention

Basis of Independent Examiner’s Statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. it also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view and the report is limited to those matters set out in the statement below.

Independent Examiner’s Statement

In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:

• e the accounting records were not kept in accordance with section 130 of the Charities Act; or

• e the accounts did not accord with the accounting records; or

• e the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination.

| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed:

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“—,
——————
owe 22/5/ 2020
Richard Wilson, FCMA
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Didcot Baptist Church

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STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31 December 2021

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	Notes	Unrestricted Funds	Restricted Funds	Endowed Funds	Totals 2021	Totals 2020
		£	£	£	£	£
Income
Donations and legacies	2	166,925	40,161	-	207,086	425,612
Income from investments	3	10,186	-	7	10,186	11,217
Incomefrom charitable activities	4	-	3,593	=	3,593	2,563
Othertrading income	5	753	-	-	753	2,066
Other income	6	15,495	-	ba	15,495	2,856
Total Income		193,359	43,754	=	237,113	444,314
Expenditure
Expenditure on charitable activities	7	181,674	37,312	-	218,986	727,843
Otherexpenditure	8	178	-	=	178	1,270
Total expenditure		181,852	37,312	-	219,164	729,113
Net income/(expenditure)		11,507	6,442	-	17,949	(284,799)
Transfers between funds		(2,709)	2,709	“	-	-
Gains on revaluation ofproperty	12	24,885	'	492,208	517,093	13,936
Actuarial gains/(losses) on defined benefit pension scheme	4	1,911	-	-	1,911	24,291
Netmovement infunds		35,594	9,151	492,208	536,953	(246,572)
Fund balances at 1 January		327,063	50,430	2,217,090	2,594,583	2,841,155
Fundbalancesat31December		362,657	59,581	2,709,298	3,131,536	2,594,583

All the above results are derived from continuing activities. All gains and losses recognised in the year are included above. The notes on pages 10 to 19 also form part of these financial statements.

Didcot Baptist Church

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BALANCE SHEET | For the year ended 31 December 2021

	Notes	2021	2020
		£	£
Fixed assets
Tangible assets	13	3,041,370	2,519,382
Current assets
Debtors	14	26,408	40,893
Cash at bank and in hand	15	123,264	146,729
Total current assets		149,672	187,622
Creditors: amounts falling due within one year	16	(21,006)	(63,849)
Net current assets		128,666	123,773
Netassets excluding pension liability		3,170,036	2,643,155
Defined benefit pension scheme liability	21	(38,500)	(48,572)
Total netassets		3,131,536	2,594,583
Funds
Endowed funds	17	2,709,298	2,217,090
Restricted funds	18	59,581	50,430
Unrestricted funds
Designated funds	19	327,428	302,293
General fund		73,729	73,342
Unrestricted funds excluding pension reserve		401,157	375,635
Pension reserve	21	(38,500)	(48,572)
Total unrestricted funds		362,657	327,063
Totalfunds		3,131,536	2,594,583

The financial statements on pages 8 to 18 were approved by the Trustees at a meeting of Elders and Deacons and signed on their behalf by:

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Ca he leer
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Kate Andrews, Treasurer

Date: 24 May 2022

The notes on pages 10 fo 19 also form part of these financial statements.

Didcot Baptist Church

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THE FINANCIAL STATEMENTS FINANCIAL STATEMENTS STATEMENTS | For the year ended 31 December 2021

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NOTES TO THE FINANCIAL STATEMENTS FINANCIAL STATEMENTS STATEMENTS

• 1 Accounting Policies

Basis of preparation The financial statements have been prepared in accordance with the Charities Statement of Recommended Practice (Charities SORP 2015), FRS102 and with the Charities Act 2011.

The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of properties. The Trustees have reviewed the church's forecasts and projections, and consider that the church is well placed to manage the risks it faces, with an appropriate level of reserves and cash balances. The Trustees therefore have reasonable expectation that the church has sufficient resources to continue in operational existence for the foreseeable future and believe there are no material uncertainties that call into doubt the ability of the church to continue as a going concern. Therefore the going concern basis has been adopted in preparing the financial statements.

Didcot Baptist Church is a registered charity, no. 1128696 and meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Income recognition

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

Donations

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

Legacies

Legacies are accounted for when notified of entitlement, providing the amount can be accurately measured and receipt is probable.

Investment income Investment income is included in the accounts in the year in which it is receivable.

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

Costs of raising funds The church does not make formal appeals for funds, and expenditure on these items is therefore not material.

Grants Payable This Church makes grants to other organisations whose charitable objectives complement its work. They are accounted for when the recipient has been notified of the grant and payment is unconditional.

Support Costs

Support costs are those that assist the work of the church but do not directly represent charitable activities and include office costs and governance costs. Where support costs cannot be directly attributed to particular headings, they have been allocated to the cost of raising funds and expenditure on charitable activities on a basis consistent with the use of resources. This represents direct expenditure on the governance of the church. Most of the management is carried out without charge by volunteers. These intangible costs are not included in the Statement of Financial Activities since there is no measurable cost to the volunteers for their service.

Fixed Assets Tangible fixed assets are capitalised if they can be used for more than one year and cost at least £250. They are initially recognised at cost, or for donated assets, as a reasonable estimate of their value on receipt.

There is no reliable information available for the cost of the church premises or the manse and so on first time adoption of FRS102, the insurance value used previously was adopted as deemed cost. Both properties are revalued each year based upon the insurance valuation as reliable cost information is not available.

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NOTES TO THE FINANCIAL STATEMENTS | For the year ended 31 December 2021

1 Accounting Policies (continued)

Depreciation

Depreciation is provided on all fixed assets, other than freehold land, to write off the cost on a straight line basis over their expected useful life, at the following rates:

Freehold land Nil Furniture and fittings 4 years Computer equipment 3 years

Depreciation has not been charged on the church premises and the manse as they are revalued each year on the basis of the insured value.

Funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

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

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Endowment funds represent those assets which must be held permanently by the charity, principally the Church premises reserve. Income arising on the endowment funds can be used in accordance with the objects of the charity and is included as unrestricted income. Any capital gains or losses arising on revaluation of the property form part of the fund.

Employee benefits

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as an expense when they are due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in an independently administered fund.

Prior to 2012 pension provision was made through multi-employer defined benefit pension plans. Where it is not possible for the charity to obtain sufficient information to enable it to account for a plan as a defined benefit plan, it accounts for the plan as a defined contribution plan.

Where the plan is in deficit and where the charity has agreed, with the plan, to participate in a deficit funding arrangement, the charity recognisesa liability for this obligation. The amount recognised is the net present value of the contributions payable under the agreement that relate to the deficit. This amount is expensed in the Statement of Financial Activities. The unwinding of the discount is recognised as a finance cost.

2 Donations and legacies

	Unrestricted Funds	Restricted Funds	Totals 2021	Totals2020
	£	£	£	£
Donations and grants	139,639	35,170	174,809	395,264
Tax refunds	27,286	4,991	32,277	30,348
Total	166,925	40,161	207,086	425,612

In 2020 £190,343 of the donations and legacies income was attributable to restricted funds, with the remaining £235,269 being attributable to unrestricted funds.

Didcot Baptist Church

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NOTES TO THE FINANCIAL STATEMENTS

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For the year ended 31 December 2021

3 Investment Income

	Unrestricted Funds	Restricted Funds	Totals 2021	Totais 2020
	£	£	£	£
Bank interest	593	-	593	1,572
Manse rental	9,593	~	9,593	9,645
Total	10,186	-	10,186	11,217
2020, all ofthe investment incomewas attributable to unrestricted		funds.
Income from Charitable Activities
	Unrestricted Funds	Restricted Funds	Totals 2021	Totals 2020
	£	£	£	£
Income from church activities	-	3,593	3,593	2,563
Fundraising events	-	-	-	:
Total	~	3,593	3,593	2,563
2020, all £2,563was attributable to restricted funds.
Trading income
Trading income arises from the rental of	the premises to community organisations		when not in use for church
activities. All income is unrestricted.
Other income
	Unrestricted Funds	Restricted Funds	Totals 2021	Totals 2020
	£	£	£	£
Government grants	4,730	-	4,730	2,510
Other	10,765	-	10,765	346
	16,495	:	15,495	2,856

in 2020, all of the investment income was attributable to unrestricted funds.

4

In 2020, all £2,563 was attributable to restricted funds.

5 Trading income

Trading income arises from the rental of the premises to community organisations when not in use for church activities. All income is unrestricted. 6 Other income

in 2020, all amounts were attributable to unrestricted funds. The organisation furtoughed one team member during the early part of the year where activities were unable to take place due to covid-19 and claimed a grant under the Job Retention Scheme. In addition, a grant was received towards sound insulation work in the Harry Lewis Hall. Other income relates to the reimbursement of employment costs of 50% of the Children and Youth Director who was employed on the church payroll whilst the Greater Didcot Christian Children and Youthwork Trust was set up.

7 Charitable Activities

		Unrestricted	Restricted
		Funds	Funds	Totals 2021	Totals2020
		£	£	£	£
Ministry		115,135	-	115,135	88,268
Mission		27,046	24,158	51,204	32,897
Establishmentand	Premises	39 493	13,154	52,647	606,714
		181,674	37,312	218,986	727,879

In 2020, £8,433 mission costs and £559,495 establishment and premises costs were attributable to restricted funds.

Ministry includes the costs of those employed to carry out the ministry of the church, including minsters and youth workers. Mission represents grants made and outreach activities. Establishment and premises includes support costs for the church, premises costs and the fellowship activities of the church including the costs of services, children and youth groups, other fellowship groups and an employed toddler group leader.

During 2020 the church undertook a major redevelopment of the premises, reconfiguring the front entrance hall to create a larger, more usable space and help the building to appear more welcoming. This work has been expended from restricted funds raised rather than capitalised, as the church premises are held at insurance valuation within the accounts.

Didcot Baptist Church

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NOTES TO THE FINANCIAL STATEMENTS

OO

For the year ended 31 December 2021

7 Charitable Activities (continued)

Support costs are included in Establishment and premises and the amounts included within these figures are broken down as follows:

	Unrestricted	Restricted
	Funds	Funds	Totals2021	Totals2020
	£	£	£	£
Administration	10,664	-	10,664	10,618
IT	§,075	-	5,075	4,434
Subscriptions	845	-	845	665
Bank charges	109	413	522	272
	16,693	413	17,106	15,989

In 2020 all support costs other than £205 bank charges were attributable to unrestricted funds. 8 Other expenditure

					Unrestricted Funds	Restricted Funds	Totals2021	2021	Totals2020	2020
					£	£		£		£
Interest	charge	on	pension	liability	178	=		178		1,270

In 2020, all other expenditure was attributable to unrestricted funds.

9 Grants payable

Grants payable
	Unrestricted	Restricted
	Funds	Funds	Totals2021	Totals 2020
	£	£	£	£
Home Mission ~ core grant	10,015	-	10,015	7,975
BMS World Mission —core grant	10,015	-	10,015	7,975
Et Salvador	-	2,540	2,540	3,008
TRAIN (Detached Youth Workers)	628	-	628	2,514
Christians against Poverty	5,000	-	5,000	5,000
Othergrants and special gifts	1,225	465	1,690	899
	26,883	3,005	29,888	27,371

In 2020, £3,307 grants payable were attributable to restricted funds.

10 Net income for the year

	2021	2020
	£	£
Net income forthe year is stated after
charging/(crediting)
Independentexaminers’remuneration	Nit	Nil

Didcot Baptist Church

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NOTES TO THE FINANCIAL STATEMENTS

OO

For the year ended 31 December 2021

11 Staff costs and Trustees’ expenses

	2021	2020
	£	£
Salaries	102,156	75,354
Social security costs	3,255	1,166
Pension costs	7,544	6,655
Other remuneration	11,263	11,015
	124,218	94,190

The average number of full-time equivalent employees in the year was 4 (2020: 3). No employee received emoluments in excess of £60,000 during the year (2020: none).

On 1 January 2021 Hannah Field (an eider and trustee) was appointed as Children and Youth Director. This role is part-time and the other half of the role was expected to be funded by the Greater Didcot Christian Children and Youthwork Trust. Due to delays in setting up the trust, the role was fully-funded by Didcot Baptist Church for the first quarter of the year. At the end of the year a debtor was recognised for £10,713, the amount due from the new trust and H Field was transferred to the payroll of the new trust from 1 January 2022. £5,713 was settled on 31 March 2022.

The Senior Minister, the Associate Minister and the Children and Youth Director act as the church’s trustees in accordance with the constitution and with formal assent from the Charity Commission.

Rev O’Brien received remuneration and benefits of £45,640 (2020: £44,701) in respect of his services as Minister, including the provision of manse accommodation rented by the church from the Minister. L Brown received remuneration of £33,857 (2020: £33,273) in respect of her services as Minister. H Field received remuneration of £26,270 (2020: none) in respect of her services as Children and Youth Director.

£nil in total was reimbursed to the Trustees in respect of expenses incurred as Trustees (2020: Enil). The ministers, who are also Trustees, are deemed to have incurred expenses in discharging their duties as ministers, rather than as Trustees. During the year, the church received donations of £31,620 from the Trustees. All donations were received for general funds and the redevelopment fund.

The church pays pension contributions for its Minister and Associate Minister to the Defined Contribution (DC) Plan of the Baptist Ministers Pension Further details are set out in note 21. Pension contributions under autoenrolment obligations for other staff are made to NEST pensions.

Total aggregate remuneration paid to key management personnel during the year was £105,767 (2020: £77,974). 12 Gains and losses on revaluation of fixed assets held for the charity’s own use Gains on property assets were recognised during the year, based on the revised insurance valuations received from the Baptist Insurance Company PLC.

		2021	2020
		£	£
Church	premises	492,208	-
Manse		24,885	13,936
		§17,093	13,936

Following the completion of the redevelopment works, the insurance surveyor visited the premises and the figure for the insurance valuation was maintained at the same value in the previous year. Subsequent enquiries revealed that this was an error in the documentation and so the uplift has been recognised in the current year.

Didcot Baptist Church

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NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 December 2021

13	Tangible fixed assets
		Church Premises	Manse	Furnitureand Fittings	Computer Equipment	Total
		£	£	£	£	£
	Cost
	At 1 January 2021	1,980,357	250,000	43,917	1,924	2,276,198
	Additions	-	-	11,844	837	12,681
	At 31 December 2021	1,980,357	250,000	55,761	2,761	2,288,879
	Depreciation
	At 1 January 2021	-	-	35,172	1,102	36,274
	Depreciation charge	-	-	6,948	839	7,787
	At 31 December 2021	-	-	42,120	1,941	44,061
	Gain/loss on revaluation
	At 1 January 2021	236,733	42,725	-	-	279,458
	Gain/(loss) for the year	492,208	24,885	-	-	517,093
	At 31 December 2021	728,941	67,610	-	-	796,551
	Netbook value
	31 December2021	2,709,298	317,610	13,641	820	3,041,369
	31December2020	2,217,090	292,725	8,745	822	2,519,382

All of the fixed assets are used for direct charitable purposes.

The church is the beneficial owner (subject to the relevant trusts) of two premises, the legal titles to which are held by the church’s custodian trustee, the Baptist Union Corporation Ltd. These are the church premises and the adjacent manse. The value stated for both properties is their insured value.

14 Debtors

		2021	2020
		£	£
	Accrued income	10,725	40,839
	Prepayments and other debtors	15,683	54
		26,408	40,893
15	Bank and cash balances
		2021	2020
		£	£
	Cash atbank	113,594	136,217
	Other (organisation accounts)	9,670	10,512
		123,264	146,729

Didcot Baptist Church

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NOTES TO THE FINANCIAL STATEMENTS

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For the year ended 31 December 2021

16 Creditors: amounts falling due within one year

		2021	2020
		£	£
Accruals		18,438	13,590
Deferred income		2,533	164
Other creditors		35	95
Short term loan (see note 22)		-	50,000
		21,006	63,849
Accruals include£12,565 forthe retention payableonthe premisesredevelopment, originallydueNovember			November2021
but settled in March 2022 following the completion ofsnagging.
Endowment Funds
	At1January		At 31 December
	2021	Gains/(losses)	2021
	£	£	£
ChurchPremisesreserve	2,217,090	492,208	2,709,298

Accruals include £12,565 for the retention payable on the premises redevelopment, originally due November 2021 but settled in March 2022 following the completion of snagging.

17 Endowment Funds

The Church Premises reserve represents the value attributed to the Church premises, the legal title to which is held by the church’s custodian trustee, the Baptist Union Corporation Ltd.

18 Restricted funds

Restricted funds
	1 January 2021	Incoming resources	Resources expended	Transfers	31 December 2021
	£	£	£	E	£
Restricted funds
Worship fund	4,000	-	-	-	1,000
Premises redevelopment	-	7,382	(10,091)	2,709	-
Foodbank	35,655	29,261	(17,723)	-	47,193
Other restricted funds under£3,000	4,347	3,320	(3,329)	-	4,338
Church organisations	9,428	3,791	(6,169)	-	7,050
TotalRestrictedFunds	50,430	43,754	(37,312)	2,709	59,581

The Worship fund represents anin memory donation to be spent on the church worship.

The Premises Redevelopment Fund represents funds raised for the redevelopment project which was approved by the church during 2019 and was undertaken during 2020.Some funds were committed to be paid in instalments over a number of years.

The Foodbank fund represents funds received to support the local foodbank in Didcot which is an activity of the church.

church.
	Fixed Assets	Current	Total
		Assets
	£	£	£
Restricted funds
Worship fund	“	4,000	4,000
Premises redevelopment	-	-	-
Foodbank	4,644	42,549	47,193
Other restricted funds under£3,000	2	4,338	4,338
Church organisations	-	7,050	7,050
	4,644	54,937	59,581

Didcot Baptist Church

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NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2021
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19 Designated funds
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	1	January 2020	Incoming resources	Resources expended	Gains and losses	Transfers		31 December 2021
		£	£	£	£		£	£
Designated funds
Fixedassetsreserve		302,293	-	-	24,885	250		327,428

The fixed assets reserve represents amounts set aside equivalent to the net book value of property and equipment used by the church and purchased from unrestricted funds.

		FixedAssets	Current	Total
			Assets
		£	£	£
Designated funds
Fixed assets reserve		327,428	-	327,428
Movements on the pension reserve are set out in note 21.
Analysis of netassets
	Fixed Assets	Net Current	Long term	Total
		Assets	liabilities
Analysis of netassets	£	£	£	£
Endowment funds	2,709,298	-	-	2,709,298
Restricted funds	4,644	54,937	-	59,581
Designated funds	327,428	-	-	327,428
Unrestricted funds	-	73,729	-	73,729
Pension reserve	-	=	(38,500)	(38,500)
	3,041,370	128,666	(38,500)	3,131,536

Movements on the pension reserve are set out in note 21.

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20 Analysis of net assets
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21 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.

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

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

The Ministers are eligible to join the Scheme.

From January 2012, pension provision has been 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. In addition, the employer pays a further 4% of Pensionable Income to cover Death in Service Benefits, administration costs, and an associated insurance policy which provides income protection for Scheme members in the event that they are unable to work due to long-term incapacity. This income protection policy has been insured by the Baptist Union of Great Britain with Aviva.

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

Didcot Baptist Church

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[ ee NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021 21 Pensions (continued)

Actuarial valuation as at 31 December 2019

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

The valuation of the DB Plan revealed a deficit of assets compared with the value of liabilities of £18 million (equivalent to a past service funding level of 94%). As a result of the valuation, in addition to the contributions to the DC Plan set out above, it was agreed that the standard rate of deficiency contributions from churches and other employers involved in the DB Plan will remain at previously agreed levels, increasing each year in line with increases in the Minimum Pensionable Income. The deficiency contributions are broadly based on 12% of Pensionable Income/ Minimum Pensionable income, reflecting each employer's contributions in March 2015. Some employers that were involved in the DB Plan for a short period pay lower contributions. The Trustee and the Council agreed a 50% reduction for all deficiency contributions payable between 1 July 2020 to 31 December 2020

In addition, the Baptist Union of Great Britain agreed to contribute a lump sum of £0.5m by 31 December 2020. The current Recovery Plan dated 30 September 2020 envisages deficiency contributions continuing until 30 June 2026.

The key financial assumptions underlying the valuation were as follows:

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|||||| |---|---|---|---|---| |Type|of assumption|%|pa| |RPI|price|inflation|assumption|3.20| |CPI|price|inflation|assumption|2.70| |Minimum|Pensionable|Income|increases|3.20| |Assumed|investment|returns| |~|Pre-retirement|2.95| |-|Post|retirement|1.70| |Deferred|pension|increases| |-|Pre-April|2009|3.20| |~|Post-April|2009|2.50| |Pension|increases|2.70|

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• Post-retirement mortality in accordance with 80% of the S3NFA and S3NMA tables, with allowance for future improvements in mortality rates from 2013 in line with the CMI 2019 core projections, with a long term annual rate of improvement of 1.75% for males and 1.5% for females, with the core smoothing parameter and with additional initial mortality improvement factor A=0.5%. The next actuarial valuation of the DB Plan within the Scheme is due to take place not later than as at 31 December 2022.

Movement in Balance Sheet liability Section 28.11A of FRS 102 requires agreed deficit recovery payments to be recognised as a a movement in the provision is set out in the table below.

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|||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |28.11A|of|FRS|102|requires|agreed|deficit|recovery|payments|to|be|recognised|as a a|liability.|The| |in|the|provision|is|set|out|in|the|table|below.| |2021|2020| |£|£| |Balance|sheet|liability|at|year|start|48,572|77,739| |Minus|deficiency|contributions|paid|(8,339)|(6,146)| |Interest|cost|(recognised|in|SoFA)|178|1,270| |Remaining|change|to|balance|sheet|liability*|(recognised|in|SoFA)|(1,911)|(24,291)| |Balance|sheet|liability|at|year end|38,500|48,572|

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• Comprises any change in agreed deficit recovery plan and change in assumptions between year-ends. This liability represents the present value of the deficit contributions agreed as at the accounting date and has been valued using the following assumptions set by reference to the duration of the deficit recovery payments:

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|||||||||| |---|---|---|---|---|---|---|---|---| |31|Dec|2021|31|Dec|2020|31|Dec|2019| |Discount|rate|2.0%|0.4%|1.7%| |Future|increases|to|Minirnum|Pensionable| |Income|4.1%|3.0%|3.2%| |Didcot|Baptist Church Church|PaGE|18|

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Didcot Baptist Church Church
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NOTES TO THE FINANCIAL STATEMENTS | For the year ended 31 December 2021

22 Related Charities and Related Party Transactions

The custodian Trustee of the church is the Baptist Union Corporation Limited (Registered Charity No. 249635) which is controlled by the Baptist Union Council. The church is also a member of the Baptist Union of Great Britain and the Southern Counties Baptist Association.

Rev. Tim O'Brien is a Trustee of Didcot and Wallingford Area CAP Debt Centre (Registered Charity No. 1160343), a charity supported by the church. It received grants of £5,000 from the church in 2021 (2020: £5,000).

The church rents back the property belonging to Rev. Tim O’Brien as part of his remuneration as set out in note 11.

D Kerrigan, a trustee, made a short-term interest free loan to the church in two instalments in November and December 2020. The loan was repaid in full on 24 February 2021 upon receipt of funds at maturity of a six month notice account.

L Brown, is a trustee of the Greater Didcot Christian Children and Youthwork Trust (Registered Charity No. 1194345) who run the ECHO project. This charity owed the church £10,713 at 31 December 2021 and from 1 January 2022 took on the employment of H Field.

23 Capital Commitments

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At 31 December 2021, the church had capital commitments of £nil outstanding relating to the church premises redevelopment project, consisting of works not yet completed. (2020: £8,104).

Didcot Baptist Church

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