OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-03-31-accounts

Charity registration number 1128822

GREEN STREET GREEN BAPTIST CHURCH ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

GREEN STREET GREEN BAPTIST CHURCH

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Alex Gamby
John Doughty
David Wood
Robert Mumford
Mike Ruffhead
Colette Burchill
Vic Harvey
Charity number 1128822
Principal address 1 Worlds End Lane
Green Street Green
Orpington
Kent
BR6 6AA
Independent examiner Nigel Hewson FCA DChA
Hewsons
Chartered Accountants
80 Woodhurst Avenue
Orpington
Kent
BR5 1AT
Bankers Santander UK plc
BBAM
Bridle Road
Bootle
Merseyside
L30 4GB

GREEN STREET GREEN BAPTIST CHURCH

CONTENTS

Page
Trustees' report 1 - 4
Independent examiner's report 5
Statement of financial activities 6
Balance sheet 7
Notes to the financial statements 8 - 19

GREEN STREET GREEN BAPTIST CHURCH

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2022

The trustees present their annual report and financial statements for the year ended 31 March 2022.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's constitution, 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 (FRS 102) (effective 1 January 2019)".

Objectives and activities

The charity's object is the advancement of the Christian faith according to the principles of the Baptist denomination. The charity may also advance education and carry out other charitable purposes in the United Kingdom and/or other parts of the world.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake, and, in particular, the specific guidance on charities for the advancement of religion.

During the year the main ways the church sought to achieve the calling of Christ upon it and its charitable purposes for the public benefit have been as follows:

Fulfilling the objectives in teaching, preaching and ministry. This was both in the normal teaching in the church on Sunday during services and midweek meetings, which are open to all. Church members and regular attendees also have the opportunity to receive prayer and pastoral support as appropriate. The church runs various activities where teaching, preaching and ministry play a part including youth and children's meetings and events, Bible studies, prayer meetings, housegroups, and men’s and ladies’ prayer breakfasts.

Impacting the next generation. The church employs both a part time youth worker and a part time children and families’ worker. This arrangement continues to be very positive and has enabled a varied children’s and youth programme to be pursued, including regular and special events. A particular emphasis of the children’s and families work is with the local primary schools, where our worker regularly takes assemblies and contributes to the spiritual life of the school. Our children and families’ worker also works with Spinnaker Trust providing assemblies in other Primary schools across the wider Orpington area. The church runs “Messy Church” once a month on a Saturday afternoon which provides an outreach to families with young children who may be unable or unwilling to attend church on Sundays.

Practical help and care in the community. Practical care normally includes visiting the elderly, providing a parent and toddlers group for non-church members, running a Bowls Club, Girls Brigade, a Tea Room for older folk, a Lunch Club which again is aimed primarily at the elderly and lonely, and offering prayer for healing to the local community through the “Healing on the Streets” ministry. Several of our members are also involved with the Street Pastors initiative, patrolling the town centre to offer help to anyone in need. Additionally, we also provide accommodation for the meetings of the local AA (Alcoholics Anonymous), Safer Neighbourhood, and Foetal Alcohol Syndrome groups and also provide facilities for an Art Class and a Craft Club which meet in the church premises on a weekly basis. All these activities were significantly disrupted by the impact of Covid19 and the limitations on faceto-face meetings but have very largely returned to pre-Covid levels of attendance.

Bringing support to organisations working elsewhere both in the United Kingdom and overseas . This support has primarily been through building personal relationship with several organisations and then providing practical and financial assistance. The financial assistance is set out in the notes to the accounts. We have a member who takes an active lead on reporting to the church on events regarding the “wider church” (both in the UK and overseas). This member also arranges for speakers from the various organisations we support to regularly attend Sunday meetings at the church. In addition, we have a team that pray for the suffering church overseas.

Achievements and performance

The church has successfully continued to undertake all the activities listed above.

GREEN STREET GREEN BAPTIST CHURCH

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

A great contribution is made by volunteers. We are grateful for the many hours that volunteers have spent undertaking various roles and jobs around the church. Without this valuable contribution of time, energy, and expertise we would not have been able to achieve so much.

The members of the church have consistently been applying the principles of church life outlined in the New Testament to be 'salt and light' in the community, in the places they live and work and in having an impact on social attitudes in wider national society. This is a significant part of the purpose of the church and much of it is done without publicity and the amount of time spent in this way cannot be quantified.

One Church Member passed away, two members moved out of the area, and a further five members have not returned to the church following Covid lockdown. However, we were pleased to welcome 4 new members into the fellowship during the year. Four baptisms, one funeral, and one wedding have been performed during the year.

Financial review

The results for the year are as shown in the Statement of Financial Activities with a surplus of unrestricted funds arising in the year of £19,372.

At least 10% of our general fund donations and rental income is tithed to support other Christian organisations/ workers and is detailed further in the notes to the accounts; the church meeting review and agree how this is to be allocated.

It is the policy of the charity that cash and bank balances which have not been designated for a specific use should be maintained at a level equivalent to at least two month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

Two month's expenditure on unrestricted funds amounts to approximately £20,000. Unrestricted cash and bank balances amounted to around £62,000 at the balance sheet date. Other than staff salaries which account for approximately 60% of expenditure, the main expenses were on the maintenance and improvement of the premises including £3,600 on building a porch for the manse, and £12,207 for a replacement church heating system.

The Trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to these risks.

Plans for future periods

The Church has committed to the Natural Church Development (NCD) process which involves a wide-ranging survey of the congregation to identify strengths and weaknesses and development of a plan to address weaker areas over a period of several years.

GREEN STREET GREEN BAPTIST CHURCH

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Structure, governance and management

The charity is a trust governed by a constitution adopted on 24 September 2008.

The trustees who served during the year and up to the date of signature of the financial statements were: Alex Gamby

John Doughty David Wood Robert Mumford Mike Ruffhead Colette Burchill Vic Harvey

The appointment of charity trustees is undertaken by processes that are public, clear and open so that all church members are enabled to consider prayerfully who should be appointed as charity trustees. The process ensures that notice is given of any forthcoming election so that church members may freely nominate prospective charity trustees whose names shall be submitted (after they have indicated a willingness to be appointed) for decision to the church members with the intention of ensuring that those appointed have a sufficient level of support from them.

Charity trustees (except for those in ministerial office) shall be appointed for one term of three years with the opportunity to be nominated for one further three year term only that must be followed by a vacant year when they shall not be eligible for reappointment. The church members meeting shall arrange for the appointment of a church secretary and church treasurer (or equivalents) who by the nature of their responsibilities will also be charity trustees.

Existing Trustees ensure that new Trustees are aware of their legal obligations under charity law together with the operations of the charity. The Church Secretary undertakes induction training of any newly appointed Trustees with reference to the advice and guidance provided by the Baptist Union.

David Wood is the Minister, Mike Ruffhead is Church Secretary, Pat Howes is Church Treasurer, although is no longer a trustee, and the other Trustees are also known as Deacons.

The day to day management and governance of the church is undertaken by the trustees. The trustees are also responsible for the maintenance and repair and other financial aspects of the church building on behalf of the church so that, unless there is any good reason why they should refuse to do so, they should act in accordance with the wishes of the church which would, in practice, provide the necessary finances. The trustees are also liable to ensure that the church (that is the building) is used for worship in accordance with the terms of the constitution, church policies and the doctrinal basis.

The Trustees have oversight of all Church activities and provide guidance and direction to members of staff on policy and plans as necessary. All major decision making is referred to the Church Members’ Meeting which has the final say on matters of policy and expenditure of any sums in excess of three thousand pounds.

The day to day running of the church’s activities is delegated by the Trustees to teams who are appointed by the church members as follows:

Regular reports from these teams are reviewed at the Trustees’ meeting.

GREEN STREET GREEN BAPTIST CHURCH

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

The remuneration of key management personnel is agreed by trustees and annual review undertaken with reference to market forces and inflation indices. Remuneration figures are included in the annual budget presented to members of the church for their approval.

The church is affiliated to the Baptist Union of Great Britain and the London Baptist Association.

Reference and administrative information is provided on the page following the cover sheet.

The trustees' report was approved by the Board of Trustees.

Mike Ruffhead Trustee

23 September 2022

GREEN STREET GREEN BAPTIST CHURCH

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF GREEN STREET GREEN BAPTIST CHURCH

I report to the trustees on my examination of the financial statements of Green Street Green Baptist Church (the charity) for the year ended 31 March 2022.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I 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 financial statements to be reached.

Nigel Hewson FCA DChA

Hewsons Chartered Accountants 80 Woodhurst Avenue Orpington Kent BR5 1AT

Dated: 23 September 2022

GREEN STREET GREEN BAPTIST CHURCH

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022

Unrestricted
Restricted
funds
funds
2022
2022
Notes
£
£		 Unrestricted
Restricted
funds
funds
2022
2022
Notes
£
£		 Unrestricted
Restricted
funds
funds
2022
2022
Notes
£
£		 Total
Unrestricted
Restricted		 Total
Unrestricted
Restricted		 Total
Unrestricted
Restricted		 Total
2021
£
155,251
840
291
156,382
158,159
funds funds funds funds
2022 2022 2022 2021 2021
£ £ £ £ £
Income from:
Donations and legacies
3		 145,594 8,649 154,243 136,862 18,389
Charitable activities
4		 4,303 1,342 5,645 840 -
Investments
5		 62 - 62 291 -
Total income 149,959 9,991 159,950 137,993 18,389
Expenditure on:
Charitable activities
6		 126,926 20,580 147,506 134,088 24,071
Net incoming/(outgoing)
resources before transfers		 23,033 3,905
1,500
5,405
(10,589) 12,444 (5,682) (1,777)
Gross transfers between
funds
Net income/(expenditure) for
the year/		 -
(3,661) 3,661 - (1,500)
19,372
Net movement in funds (6,928) 12,444 (7,182) (1,777)
592,594
590,817
Fund balances at 1 April 2021 32,539 558,278 590,817 27,134 565,460
Fund balances at 31 March
2022
51,911 551,350 603,261 32,539 558,278

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

GREEN STREET GREEN BAPTIST CHURCH

BALANCE SHEET

AS AT 31 MARCH 2022

Notes 2022 2021 £
559,015
71,731
630,746
£ £ £
Fixed assets
Tangible assets
11
Current assets		 28,995
63,592
92,587
(12,227)		 552,951
80,360
633,311
(30,050)
603,261
551,350
51,911
603,261		 28,493
55,221
83,714
(11,983)
23,871
8,668
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within
one year
14
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after
more than one year
15
Net assets
(39,929)
590,817
558,278
32,539
590,817
Income funds
Restricted funds
16
Unrestricted funds 18,200
33,711
Designated funds
17
General unrestricted funds

The financial statements were approved by the Trustees on 23 September 2022

Mike Ruffhead Trustee

GREEN STREET GREEN BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

Charity information

Green Street Green Baptist Church is a charitable trust.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's trust 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 (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin

1 not to prepare a Statement of Cash Flows.

The financial statements 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 Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

The trustees have considered the charity's day to day cash flow requirements and have a reasonable expectation that the charity has adequate resources to continue in operational existence for at least a further 12 months. Accordingly, they continue to adopt the going concern basis in preparing the annual report and financial statements.

This assessment is undertaken in light of the recent developments arising from the coronavirus (COVID19) pandemic, as the charity does not expect significant reductions in donated income and in the short term is able to draw on existing reserves before considering reducing outgoings.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

Restricted funds are subject to specific conditions by donors as to how they may be used.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid is recognised at the time of the donation.

GREEN STREET GREEN BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

(Continued)

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

1.5 Expenditure

Expenditure is accounted for on an accruals basis and allocated to the appropriate heading in the accounts. Grants and donations payable are taken into account at the earlier of when they are paid or become legally enforceable.

Other than the normal commitments under contracts of employment there are no contractual or constructive obligations to future expenditure at the balance sheet date. Where the trustees have authorised expenditure which is not yet legally enforceable or become constructive obligations amounts are set aside into funds designated for the purpose.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses. Assets costing less than £500 are written off as an expense in the year in which the expenditure is incurred.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Land and buildings buildings only over 50 years Fixtures, fittings & equipment between 3 and 5 years

No depreciation is provided in respect of freehold land with a historic cost of £218,750.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 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.

GREEN STREET GREEN BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

(Continued)

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies

Unrestricted
Restricted
funds
funds
£
£		 Unrestricted
Restricted
funds
funds
£
£		 Unrestricted
Restricted
funds
funds
£
£		 Total Total
funds funds 2022 2021
£ £ £ £
Donations and gifts 121,436 7,124 128,560 129,390
Tax recoverable 24,158 1,525 25,683 25,861
145,594 8,649 154,243 155,251
18,389
For the year ended 31 March 2021 136,862 155,251

4 Charitable activities

Other church activities, clubs and events 2022 2021
£ £
4,615 710
Rental income 1,030 130
5,645 840
Restricted funds 1,342 -

GREEN STREET GREEN BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

5 Investments

Unrestricted
Unrestricted
funds
funds
2022
2021
£
£
Interest receivable
62
291
6
Charitable activities
Church
activities
Church
activities
2022
2021
£
£
Staff costs
59,229
58,575
Depreciation and impairment
8,682
10,118
Repairs and maintenance
6,711
5,413
Utilities and insurance
10,980
9,325
Social events and trips
1,270
-
Training
1,292
(240)
Subscriptions
2,140
1,909
Other direct costs
978
939
Childrens' clubs
2,596
1,047
Catering
1,542
20
Books and resources
421
1,422
Major works
15,868
32,770
111,709
121,298
Grant funding of activities (see note 7)
23,029
23,637
Share of support costs (see note 8)
10,168
9,684
Share of governance costs (see note 8)
2,600
3,540
147,506
158,159
Analysis by fund
Unrestricted funds
126,926
134,088
Restricted funds
20,580
24,071
147,506
158,159		 Unrestricted
Unrestricted
funds
funds
2022
2021
£
£
Interest receivable
62
291
6
Charitable activities
Church
activities
Church
activities
2022
2021
£
£
Staff costs
59,229
58,575
Depreciation and impairment
8,682
10,118
Repairs and maintenance
6,711
5,413
Utilities and insurance
10,980
9,325
Social events and trips
1,270
-
Training
1,292
(240)
Subscriptions
2,140
1,909
Other direct costs
978
939
Childrens' clubs
2,596
1,047
Catering
1,542
20
Books and resources
421
1,422
Major works
15,868
32,770
111,709
121,298
Grant funding of activities (see note 7)
23,029
23,637
Share of support costs (see note 8)
10,168
9,684
Share of governance costs (see note 8)
2,600
3,540
147,506
158,159
Analysis by fund
Unrestricted funds
126,926
134,088
Restricted funds
20,580
24,071
147,506
158,159		 Unrestricted
Unrestricted
funds
funds
2022
2021
£
£
Interest receivable
62
291
6
Charitable activities
Church
activities
Church
activities
2022
2021
£
£
Staff costs
59,229
58,575
Depreciation and impairment
8,682
10,118
Repairs and maintenance
6,711
5,413
Utilities and insurance
10,980
9,325
Social events and trips
1,270
-
Training
1,292
(240)
Subscriptions
2,140
1,909
Other direct costs
978
939
Childrens' clubs
2,596
1,047
Catering
1,542
20
Books and resources
421
1,422
Major works
15,868
32,770
111,709
121,298
Grant funding of activities (see note 7)
23,029
23,637
Share of support costs (see note 8)
10,168
9,684
Share of governance costs (see note 8)
2,600
3,540
147,506
158,159
Analysis by fund
Unrestricted funds
126,926
134,088
Restricted funds
20,580
24,071
147,506
158,159
2022
£
59,229
8,682
6,711
10,980
1,270
1,292 (240)
2,140 1,909
939
1,047
20
1,422
32,770
121,298
23,637
9,684
3,540
158,159
134,088
24,071
158,159
978
2,596
1,542
421
15,868
111,709
23,029
10,168
2,600
147,506
126,926
20,580
147,506

GREEN STREET GREEN BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

7 Grants payable

Grants to institutions: 2022 2021
£ £
London Baptist Association Home Mission 2,400 3,900
Tear Fund 175 5,437
Bromley Borough Foodbank 875 1,805
Open Doors 875 1,250
Sat7 906 1,250
Nsumbi Trust 875 1,250
BMS World Mission 2,494 1,250
Smile International 875 1,250
Spinnaker 875 1,250
Bible Society 875 1,250
Footsteps 3,890 -
Christian Aid 2,800 -
Living Life 1,000 -
Other grants less than £1,000 975 1,345
19,890 21,237
Grants to individuals 3,139 2,400
23,029 23,637

8 Support costs

Support costs Support costs Support costs
Support
costs
Governance
costs
£
£		 2022
Support costs
Governance
costs		 2021
£ £ £ £ £ £
Staff costs 4,467 - 4,467 4,846 - 4,846
Administration expenses 3,683 - 3,683 3,615 - 3,615
Interest payable 667 - 667 824 - 824
Expensed equipment 1,351 - 1,351 399 - 399
Accountancy - 2,600 2,600 - 3,540 3,540
10,168 2,600 12,768 9,684 3,540 13,224
Analysed between
Charitable activities 10,168 2,600 12,768 9,684 3,540 13,224

Governance costs includes independent examiner charges of £1,400 (2021- £1,680) for fees in connection with his report, £1,200 (2021- £1,860) for other services and £nil (2021- £nil) under provision for the previous year.

GREEN STREET GREEN BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

9 Trustees

In accordance with the provisions of the governing document, Pastor David Wood received remuneration for his ministerial services of £30,626 (2021- £30,002) and in addition, pension contributions of £732 (2021£713). None of the other trustees (or any persons connected with them) received any remuneration during the year and no expenses were paid to trustees (2021- £nil).

10 Employees

Number of employees

The average monthly number of employees during the year was:

Number of employees
The average monthly number of employees during the year was:		 Number of employees
The average monthly number of employees during the year was:		 Number of employees
The average monthly number of employees during the year was:
2022
2021
Number
Number
Ministerial staff 3 3
Administrative staff 1 1
4 4
Employment costs 2022 2021
£ £
Wages and salaries 62,116 62,016
Social security costs 391 252
Other pension costs 1,189 1,153
63,696 63,421

There were no employees whose annual remuneration was £60,000 or more.

GREEN STREET GREEN BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

11
Tangible fixed assets
Cost
At 1 April 2021
Additions
At 31 March 2022
Depreciation and impairment
At 1 April 2021
Depreciation charged in the year
At 31 March 2022
Carrying amount
At 31 March 2022
At 31 March 2021		 Land and
buildings
Fixtures,
fittings &
equipment		 Total
£ £ £
605,473 50,223 655,696
- 2,617 2,617
605,473 52,840 658,313
48,060 48,621 96,681
7,734 947 8,681
55,794 49,568 105,362
549,679 3,272 552,951
557,413 1,602 559,015

The charity uses land and buildings at Worlds End Lane, Green Street Green, Orpington, Kent and Stapleton Road, Orpington, Kent which are beneficially owned by the charity and held in trust by the London Baptist Property Board.

12
Debtors
Amounts falling due within one year:
Other debtors
Prepayments and accrued income
13
Loans and overdrafts
2022 2021
£ £
25,633 25,449
3,362 3,044
28,995 28,493
Other loans
Payable within one year
Payable after one year
Amounts included above which fall due after five years:
Payable by instalments		 2022 2021
£ £
35,069 44,948
5,019 5,019
30,050 39,929
9,959 19,843

GREEN STREET GREEN BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

13 Loans and overdrafts

(Continued)

Borrowings of £15,000 ((2021- £17,000) at the year end are due to trustee Mike Ruffhead and are without interest and repayable by September 2029 by equal quarterly instalments.

Borrowings of £20,069 ((2021- £27,948) at the year end attract a variable interest rate charge, currently 3.0%, and is repayable by September 2030, Should there be any default, the lender may have the church sell, mortgage or create a legal charge over church premises.

14 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Borrowings
Other taxation and social security
Accruals and deferred income
Creditors: amounts falling due after more than one year
Borrowings		 2022 2021
£ £
5,019 5,019
1,228 1,055
5,980 5,909
12,227 11,983
2022 2021
£ £
30,050 39,929

15 Creditors: amounts falling due after more than one year

GREEN STREET GREEN BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

16 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Balance at
1 April 2020
r
£		 Balance at
1 April 2020
r
£		 Movement in funds Movement in funds Movement in funds Movement in funds
Incoming
esources
Resources
expended
 Transfers
Balance at
1 April 2021
r		 Incoming
esources
Resources
expended
 Transfers
Balance at
31 March 2022
£ £ £ £ £ £ £ £ £
15,300
-
3,089
18,389		 -
-
9,991
9,991
Building fund - (13,800) (1,500) - (3,661) 3,661 -
London Baptist Property Board Fund 565,147 (7,734) - 557,413 (7,734) - 549,679
Special offerings and events 313 (2,537) - 865 (9,185) - 1,671
565,460 (24,071) (1,500) 558,278 (20,580) 3,661 551,350

The restricted Building fund is moneys received towards costs of development of the building.

The London Baptist Property Board fund represents property and funds for the development of property.

Monies received for one off events and other specific purposes is included in special offerings and events.

GREEN STREET GREEN BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

17 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

Movement in funds
Balance at
1 April 2020
Resources
expended
Transfers
Balance at
1 April 2021
Incoming
resources
Resources
expended
Transfers
Balance at
31 March 2022
£
£
£
£
£
£
£
£
Tithes fund
9,934
(21,100)
15,037
3,871
2,387
(12,600)
11,749
5,407
Sinking fund
15,000
-
5,000
20,000
-
(12,207)
5,000
12,793
24,934
(21,100)
20,037
23,871
2,387
(24,807)
16,749
18,200		 Movement in funds
Balance at
1 April 2020
Resources
expended
Transfers
Balance at
1 April 2021
Incoming
resources
Resources
expended
Transfers
Balance at
31 March 2022
£
£
£
£
£
£
£
£
Tithes fund
9,934
(21,100)
15,037
3,871
2,387
(12,600)
11,749
5,407
Sinking fund
15,000
-
5,000
20,000
-
(12,207)
5,000
12,793
24,934
(21,100)
20,037
23,871
2,387
(24,807)
16,749
18,200		 Movement in funds
Balance at
1 April 2020
Resources
expended
Transfers
Balance at
1 April 2021
Incoming
resources
Resources
expended
Transfers
Balance at
31 March 2022
£
£
£
£
£
£
£
£
Tithes fund
9,934
(21,100)
15,037
3,871
2,387
(12,600)
11,749
5,407
Sinking fund
15,000
-
5,000
20,000
-
(12,207)
5,000
12,793
24,934
(21,100)
20,037
23,871
2,387
(24,807)
16,749
18,200		 Movement in funds
Balance at
1 April 2020
Resources
expended
Transfers
Balance at
1 April 2021
Incoming
resources
Resources
expended
Transfers
Balance at
31 March 2022
£
£
£
£
£
£
£
£
Tithes fund
9,934
(21,100)
15,037
3,871
2,387
(12,600)
11,749
5,407
Sinking fund
15,000
-
5,000
20,000
-
(12,207)
5,000
12,793
24,934
(21,100)
20,037
23,871
2,387
(24,807)
16,749
18,200		 Movement in funds
Balance at
1 April 2020
Resources
expended
Transfers
Balance at
1 April 2021
Incoming
resources
Resources
expended
Transfers
Balance at
31 March 2022
£
£
£
£
£
£
£
£
Tithes fund
9,934
(21,100)
15,037
3,871
2,387
(12,600)
11,749
5,407
Sinking fund
15,000
-
5,000
20,000
-
(12,207)
5,000
12,793
24,934
(21,100)
20,037
23,871
2,387
(24,807)
16,749
18,200		 Movement in funds
Balance at
1 April 2020
Resources
expended
Transfers
Balance at
1 April 2021
Incoming
resources
Resources
expended
Transfers
Balance at
31 March 2022
£
£
£
£
£
£
£
£
Tithes fund
9,934
(21,100)
15,037
3,871
2,387
(12,600)
11,749
5,407
Sinking fund
15,000
-
5,000
20,000
-
(12,207)
5,000
12,793
24,934
(21,100)
20,037
23,871
2,387
(24,807)
16,749
18,200		 Movement in funds
Balance at
1 April 2020
Resources
expended
Transfers
Balance at
1 April 2021
Incoming
resources
Resources
expended
Transfers
Balance at
31 March 2022
£
£
£
£
£
£
£
£
Tithes fund
9,934
(21,100)
15,037
3,871
2,387
(12,600)
11,749
5,407
Sinking fund
15,000
-
5,000
20,000
-
(12,207)
5,000
12,793
24,934
(21,100)
20,037
23,871
2,387
(24,807)
16,749
18,200		 Movement in funds
Balance at
1 April 2020
Resources
expended
Transfers
Balance at
1 April 2021
Incoming
resources
Resources
expended
Transfers
Balance at
31 March 2022
£
£
£
£
£
£
£
£
Tithes fund
9,934
(21,100)
15,037
3,871
2,387
(12,600)
11,749
5,407
Sinking fund
15,000
-
5,000
20,000
-
(12,207)
5,000
12,793
24,934
(21,100)
20,037
23,871
2,387
(24,807)
16,749
18,200		 Movement in funds
Balance at
1 April 2020
Resources
expended
Transfers
Balance at
1 April 2021
Incoming
resources
Resources
expended
Transfers
Balance at
31 March 2022
£
£
£
£
£
£
£
£
Tithes fund
9,934
(21,100)
15,037
3,871
2,387
(12,600)
11,749
5,407
Sinking fund
15,000
-
5,000
20,000
-
(12,207)
5,000
12,793
24,934
(21,100)
20,037
23,871
2,387
(24,807)
16,749
18,200
£
£		 £ £ £
£		 £ £
9,934
(21,100)		 2,387
(12,600)
-
(12,207)
2,387
(24,807)
Tithes fund 15,037 3,871 11,749 5,407
Sinking fund 15,000 - 5,000 20,000 5,000 12,793
24,934
(21,100)
20,037 23,871 16,749 18,200

The Tithes fund receives money set aside by the trustees from donations received, for the purpose of making grants to Christian workers and organisations, in line with the policy of the church to tithe all income.

The Sinking fund is for church buildings repairs and projects and equipment repairs and replacements.

GREEN STREET GREEN BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

18
Analysis of net assets between funds		 18
Analysis of net assets between funds		 18
Analysis of net assets between funds		 Total
2021
£
559,015
71,731
Unrestricted
funds
Restricted
funds
2022
2022
£
£
Fund balances at 31
March 2022 are
represented by:
Tangible assets
3,272
549,679
Current assets/(liabilities)
78,689
1,671
Long term liabilities
(30,050)
-
51,911
551,350		 Total
Unrestricted
funds
Restricted
funds
2022 2022 2022 2021 2021
£ £ £ £ £
3,272 549,679 552,951 1,602 557,413
78,689 1,671 80,360 70,866 865
(30,050) - (30,050) (39,929) - (39,929)
590,817
51,911 551,350 603,261 32,539 558,278

GREEN STREET GREEN BAPTIST CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

19 Operating lease commitments

£864 has been recognised in the statement of financial activities as an expense during the year in respect of operating lease arrangements.

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2022 2021
£ £
Within one year 216 648

20 Related party transactions

Remuneration of key management personnel

The remuneration of key management personnel is as follows.

2022 2021
£ £
Aggregate compensation 34,364 33,643

Transactions with related parties

During the year the charity entered into the following transactions with related parties:

During the year donations of £19,959 were received from trustees and related parties.