## Annual Report 2021
## Bunyan Baptist Church
**Charity Registration Number: 1128843 Registered Address:** Basils Road, Stevenage, Herts SG1 3PY
**Trustees:** The Revd Andrew Ginn (Lead Minister) The Revd Alison Taylor (Associate Minister) Mr Michael Price (Secretary) Mr David Jappy (Treasurer) Mr Eric Beach Mr Alan Curtis Mrs Jan Fry Mr Peter Homfray-Cooper Mr Stephen Jackman Mr Alexander Monaghan (to November 2021) Mrs Sheila Smith Mrs Titilope Soyinka
**Property Trustees** The Baptist Union Corporation Limited Baptist House 129 Broadway Didcot Oxfordshire OX11 8RT
**Bankers** National Westminster Bank **Independent Examiners** Brian Kelly
The Trustees present their Annual Report and financial statements for 2021.
Bunyan Baptist Church Annual Report 2021
## **Charitable Object**
The Charity is governed by an Approved Governing Document which states that the principal purpose 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.
The Church occupies premises, which are held by the Baptist Union Corporation Ltd, on Trusts, which are entirely compatible with the above object.
## **Organisational Structure and Decision-making processes**
Bunyan Baptist Church is an unincorporated association with Charity Trustees appointed by a meeting of members.
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. Bunyan Baptist Church operates open membership so that persons seeking membership who have not been baptised 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 five times per year and has responsibility for the overall policy of the church. In accordance with the Constitution, the members appoint Elders and Deacons, who together with the Ministers, Church Secretary and Treasurer (who are also appointed by the Members), are responsible for the day-to-day running of the church’s work and witness, and the financial and legal aspects of the charity. They are collectively known as the Charity Trustees.
All members are encouraged to take an appropriate part in the spiritual and practical tasks involved in the furtherance of the charitable objective.
The Church Members Meeting is an opportunity to consider and review routine matters associated with the life of the Church including issues related to church membership, the appointment of the Charity Trustees and the approval of the budget. There will also be opportunities for considering proposals from the Charity Trustees or other Church Members for the development of the Church and the advancement of its purpose through its activities.
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**
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 to show the love of Jesus Christ in both word and deed and to bring people into a closer relationship with Him as living Lord. Bunyan is working towards sharing a town-wide love of Jesus.
Like many charities and churches, however, as we adapted to the social restrictions imposed to manage the spread of CV-19, 2021 saw a continuation of 2020’s significant changes to our activities and operations. Until September, our gathered worship services moved online, where a strenuous effort was made to include as many people as possible. From September, we were once again able to meet in person for our services, in keeping
Bunyan Baptist Church Annual Report 2021
with the changes in social restrictions.
Likewise, other midweek groups for adults and children continued to meet “virtually” as video calls became our normal mode of meeting. When it was possible to meet even in smaller numbers, the Toddler Group (Twinklers) was able to recommence, utilising whatever approach was most appropriate in light of the changing restrictions; meeting with one or two families at a time for walks outdoors, meeting with small groups indoors, or telephone support for parents. Like our services, the majority of our midweek groups were able to tentatively restart in person from September.
The church continued in our new approach to Pastoral Care, recognising the likelihood of increased loneliness or isolation; whereby members of the pastoral care team took responsibility to contact ten or so others on a weekly basis, offering conversation, needs assessment and prayer support. The approach was invaluable for helping people, especially the most vulnerable, to remain connected to the church.
Despite the limitations and challenges faced in light of CV-19, church was never cancelled. The building was closed for much of the year, but the congregation and membership remained open, connected, engaged and continue to serve the local community through the practical care offered to neighbours and neighbourhoods. As a sign and outworking of our continued life and growth as a church, despite the challenges, we were even able to celebrate an open-air baptism in river in April, as we continued to fulfil our purposes as a church.
## **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 such as fellowship and encouragement. The Trustees recognise that 2021 was a challenging year for the church, but despite that, there were significant positives throughout the year, including the completion of significant building works, as our premises was modernized and enhanced in preparation for on-site, in-person activities to restart.
At 31 December 2021 the membership stood at 157, five more than a year earlier.
We are also encouraged by the positive part the church plays in the life of the community of Stevenage, since in addition to activities formally linked to the church, members also served as volunteers in other local charities and organisations. This included work with a local homeless charity called The Haven, serving as volunteers in local youth, children’s and community charities, helpers at local schools, the foodbank and street pastors.
## **Financial Review**
The Church continues to raise the funds which it needs to carry on its activities from within its own membership and congregation. No wider public appeal was made for funds during the year.
The most significant expense related to the ministers, who lead and co-ordinate the church’s activities including the Sunday services, provide pastoral care for the congregation and other people, and equip and encourage the membership in their life, Christian witness and service.
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
Bunyan Baptist Church Annual Report 2021
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, and are satisfied that they have sufficient reserves at the Balance Sheet date, together with ongoing income anticipated, to enable the church to function effectively in the coming year. The Trustees have made an assessment of the major risks facing the church, and are satisfied that there are policies in place to minimise these risks.
Bunyan Baptist Church Annual Report 2021
## — Bunyan Baptist Church
Annual accounts for the year ended 31 December 2021
Bunyan Baptist Church, Basils Road, Stevenage, Herts. SG1 3PY Registered charity no 1128843
CHARITY COMMISSION
FOR ENGLAND AND WALES
Independent examiner's
report on the accounts
Section A
Independent Examiner'5 Report
Report to tho trusteesl
m8mbers of
Bunyan Baptist Church, Stevenagg
On accounts for the year
ènded
31 December 2021
Charlty no
{if any)
1128843
Set out on pages
1and2
Irempmber lo indude the page numb¢rs trf addiknonal sheets!
I reporl to the trustees on my examination of the accounts of the above
chartty {'the Trust") for the year ended 31112 12021.
Rosponsibilities and As the charity trustees of the Trust, you are responsible for the preparation
basls of rèport of the accounts in accordan with the requirements of the Charilies Act
2011 1.the Act").
I report in respect of my examination of the Trust's accounts carried out
under sertion 145 of the 2011 Act and in Garrying out my examination, I
have followed the applicable Directions given by the Charity Commission
under section 1451SXb} ofthe Act.
I have completed my examination. I confirm that no material matters have
come to my attention
in connection with
Ihe examination which gives me cause to believe that in. any material
respect..
accounting records were not kept in accordan with section 130 of
the Act or
the accounts do not accord with the accounting records
Independent
examinerfs statement
I have no concerns and have come across no other matters in connection
with the examination lo which attention should be drawn in order to enable a
proper understanding of the accounts to be reached.
Please delete the words in Ihe braGkets if they do not apply.
Signed:
Date:
2510212022
Name:
BRIAN KELLY
Relevant professional
quallflcatlonls) or body
{if any):
FCCA
Address:
346 GFiACE WAY
STEVENAGE
SG1 SAP
IER
October 2018
Section B
Disclosure
Only complete if the examiner needs to highlight matters of conrn (see CC32.
Independent examination of charity accounts.. directions and guidance for
examiners}.
Givè here brief details of
any Items that the
oxaminer wishes to
disclose.
NONE
IER
October 2018
BBC SOFA 2021 Final.xlsx
## **Bunyan Baptist Church**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **YEAR ENDED 31 DECEMBER 2021**
|**Notes**
**Incoming resources**
Donations & Tax Refunds
2
Investment Income
3
Hire of Church & Hall
**Total incoming resources**
**Resources expended**
Charitable expenditure
Grants payable
4
Cost of charitable activities
5
**Total resources expended**
Transfers between funds (Des/Restr)
Transfers between funds (Unrest/Rest)
Net movement in funds
Total Funds brought forward
Total Funds carried forward|**Unrestricted**
**Designated**
**Restricted**
**Total 2021**
**Total 2020**
165,978
-
48,635
214,613
297,610
1,210
-
-
1,210
60,982
720
720
2,948|
|---|---|
||£167,908
-
48,635
£216,543
£361,540|
||22,723
-
5,334
28,057
29,257
141,768
-
8,202
149,969
160,622|
||£164,491
-
£13,535
£178,026
189,879|
||0
-10,000
10,000
0
0
441,386
0
-441,386
0
0
444,804
-10,000
-396,287
38,517
171,661|
||£917,693
£30,000
£500,011
£1,447,704
£1,276,043
£1,362,497
£20,000
£103,724
**£1,486,221**
£1,447,704|
Page 1 of 7
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## Bunyan Baptist Church
## BALANCE SHEET
AS AT 31 DECEMBER 2021
**----- Start of picture text -----**
Notes 2021 2020
£ £ £ £
Tangible Fixed assets 6 1,398,538 822,400
Current Assets
Debtors 7 37,498 46,512
Bank & Cash 8 190,935 579,189
228,433 625,701
Current Liabilities
Creditors due within 1 year 9 25,390
Long Term Creditors 10 115,360
140,750 £87,683 397 £625,304
Net assets £1,486,221 £1,447,704
Charitable Funds
Restricted 11 103,725 500,011
Designated 12 20,000 30,000
Unrestricted 1,362,497 917,693
1,486,221 £1,447,704
**----- End of picture text -----**
The notes on pages 3 to 6 form an integral part of these accounts.
These accounts were approved by the Elders & Deacons on 2nd March 2022 and signed on their behalf by
**----- Start of picture text -----**
S.C
oo
Dave Jappy Hon. Treasurer
Mike Price Secretary
**----- End of picture text -----**
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## **BUNYAN BAPTIST CHURCH**
## **NOTES TO THE ACCOUNTS**
## **YEAR ENDED 31 DECEMBER 2021**
## 1 **ACCOUNTING POLICIES**
- a
## Basis of Preparation
The accounts have been prepared on a "receipts and payments" basis in accord with S133 Charities Act 2011.
- b Donations
Donations are accounted for gross when received.
c
## Investment Income
Investment income is included in the accounts in the year when it is payable.
- d Grants Payable
The church makes grants to other organisations whose charitable objects complement its work. They are accounted for in the year in which they are payable.
- e
## Fixed assets
Buildings : The Church premises are included at their insurance valuation which was carried out in 2009 by the Baptist Insurance Company plus additional sums to reflect building improvements carried out during 2021.
At 31 December 2021 the buildings were insured for £1.926m.
A new insurance valuation of the building is being carried out in February 2022
Buildings are not depreciated in accordance with the Baptist Union guidelines (leaflet F7).
Furniture & Equipment : Assets are shown at cost less depreciation
## f Depreciation
Electrical equipment - assets are written off over 3 years on a straight-line basis Other furniture etc - assets are written off over 10 years on a straight-line basis.
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|2
**Donations & Tax Refunds**
Offerings
Legacy
Gift Aid refund
Other Income
Grants
Twinklers Income|**Unrestricted**
**Designated**
**Restricted**
**Total 2021**
**Total 2020**
126,159
41,462
167,621
225,633
-
-
-
27,652
7,172
34,824
44,001
3,066
3,066
4,067
2,278
-
-
2,278
18,000
6,823
6,823
5,909|
|---|---|
||165,978
-
48,635
£214,613
£297,610|
_Unrestricted income including gift aid amounted to £150,631 in 2020. "Other Income" includes CTIS admin contribution,EasyFundraising income and compensation from NatWest Restricted offerings is £27,092 for Building Fund, £10,000 for provision of Live Streaming, £4,870 restricted income shown within Grants Payable_
_Grants in 2021 is solely UK Govt Job Retention Scheme payments_
|3|**Investment Income**|||||||
|---|---|---|---|---|---|---|---|
||Bank etc Interest|1,210||||1,210|1,778|
||Profit on property sales||||-|-|59,204|
|||1,210|-||-|£1,210|£60,982|
||_In 2020, Stanmore Hall was sold for £166,804 (nett) of which £59,204_|||||||
||_was treated as "profit on property sales" for accounting purposes_|||||||
|4|**Grants Payable**|||||||
||Baptist Missionary Society|200||||200|-|
||Home Mission Fund|6,150||||6,150|7,500|
||Bridgebuilders|2,800||||2,800|2,800|
||Familia Moja|1,000|||120|1,120|1,940|
||WEC - Smiths|2,453|||100|2,553|-|
||AIM - Pughs|10,120|||-|10,120|10,100|
||Other|-||||-|-|
||Christmas Appeal (Familia Moja)||||2,594|2,594|3,320|
||Appeal (Toilet Twinning)||||426|426||
||Donations given with privacy||||-|-|3,285|
||Broadwater FairTrade/Foodshed||||2,094|2,094|312|
|||£22,723||£0|£5,334|£28,057|£29,257|
_Unrestricted payments totalled £21,400 in 2020._
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|5
**Cost of Activities**
Notes
Ministry
a
Mission
b
Premises
c
Other expenditure
d|**Unrestricted**
**Designated**
**Restricted**
**Total 2021**
**Total 2020**
116,265
-
-
116,265
112,974
4,864
-
540
5,404
6,089
9,142
-
-
9,142
32,751
11,496
-
7,662
19,158
8,808|
|---|---|
||£141,768
£0
£8,202
£149,969
£160,622|
_Unrestricted payments totalled £137,446 in 2020. Restricted Premises payments totalled £22,176 in 2020_
## a **Costs of Ministry**
|Salaries|94,659|||94,659|95,561|
|---|---|---|---|---|---|
|Social Security costs|1,739|||1,739|1,529|
|Pension costs|12,543|-||12,543|11,144|
|Other costs|7,324|||7,324|4,740|
|Total|£116,265|£0|£0|£116,265|£112,974|
|**Costs of Mission**||||||
|Evangelism|57|||57|81|
|Children's work|334|||334|568|
|Youth work|345|||345|350|
|Training|910|||910|1,260|
|Hardship Fund|-||540|540|1,408|
|Twinklers|3,219|||3,219|2,423|
||£4,864|£0|£540|£5,404|£6,089|
|**Costs of Premises**||||||
|Electricity, Gas & Water|2,404|||2,404|3,493|
|Insurance|2,397|||2,397|2,289|
|Cleaning|694|||694|84|
|Upkeep of church premises|3,646|||3,646|1,641|
|Stanmore Hall|-|||0|3,069|
|Hire of premises|-|||0|-|
|New building project||||0|22,176|
||£9,142|£0|£0|£9,142|£32,751|
|_Hire of premises by Twinklers is included in Twinklers costs under 5b above_||||||
|**Other Costs**||||||
|Travel|318|||318|116|
|Office Costs|3,272|||3,272|3,680|
|Telephone & Internet|705|||705|799|
|PA & Worship materials|2,412||7,662|10,073|2,048|
|Affiliation fees|994|||994|1,023|
|Refreshments|277|||277|340|
|Sundries|534|||534|65|
|Bank Charges|694|||694|736|
|BU Loan Interest Charges|2,290|||2,290|-|
||£11,496|£0|£7,662|£19,158|£8,808|
## b **Costs of Mission**
## c **Costs of Premises**
## d **Other Costs**
Page 5 of 7
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|6|**Fixed assets**||**Premises**||**Furniture**||**Computers**||**Total 2021**|**Total**|**2020**|
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||**& Fittings**||**& Equpt.**|||||
||01-Jan-21||822,400||-||-||822,400|930,000||
||Additions||576,138||||||576,138||0|
||Disposals||||||||-|107,600||
||Depreciation||||||||-||0|
||31-Dec-21|£|1,398,538
|£|-
|£|-
|£|1,398,538
|£822,400||
||_Monies spent during 2021 on the building project have been_||||_capitalised to reflect the increased_||||_value of the_|_property._||
||_Interest charges on the BU Building Loan have NOT been_|||_capitalised._||||||||
||_An insurance valuation of_|_the building is being carried out_||_in_|_January 2022._|||||||
|7
**Debtors**
Prepayments/Funds advanced
Overpayment
Gift Aid to claim
_Prepayments represents £2,673 for 2022 insurance_
8
**Bank & Cash**
BU Deposit A/c (7-day notice)
BU Deposit A/c (3-month notice)
BU Deposit A/c (3-month notice, Stanmore proceeds)
Natwest Current A/c
Natwest Savings A/c
Petty Cash
Twinklers Current A/C
Twinklers Petty Cash
9
**Creditors**
Baptist Union Loan (for repayment within 1 year)
Sundry Creditors
_Sundry Creditors represents money owed to Familia Moja UK (£2714),_
_Toilet Twinning (£426), BFT/Foodshed (£388), plus TimeOut monies_
10
**Long Term Creditors**
Baptist Union Loan
_Represents Baptist Union Building loan outstanding less 2022 estimated payments_
11
**Restricted Fund**
This represents money given for particular purposes, not yet expended:
Maintenance Fund
New Building Project
Building Loan Fund
Streaming Funds
Earmarked Hardship Funds
12
**Designated Fund**
Vision seed fund
Twinklers
Long Term Maintenance
_This represents money set aside for Long-Term Maintenance_|2,673
2,296
0
0
34,824
44,216|
|---|---|
||£37,498
£46,512|
||91,495
61,344
12,629
291,930
-
167,136
73,466
49,038
5,040
5,040
16
16
8,289
4,685
-
0|
||£190,935
£579,189|
||21,682
3,708|
||25,390
£397|
|||
||115,360
0|
||-
16,676
88,784
481,835
11,642
0
2,338
0
960
1,500|
||£103,725
£500,011|
||-
10,000
-
0
20,000
20,000|
||£20,000
£30,000|
Page 6 of 7
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## 13 **Pensions**
The Church is a participating employer the Baptist Pension Scheme (“the Scheme”), which is a separate legal entity administered by the Pension Trustee (Baptist Pension Trust Limited). The assets of the Scheme are held separately from those of the Employer and the other participating employers.
The Scheme, previously known as the Baptist Ministers’ Pension Fund, started in 1925, but was closed to future accrual of defined benefits on 31 December 2011. Prior to this date the main benefit provided through the Defined Benefit (DB) Plan was a 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.
From January 2012, pension provision is being made through the Defined Contribution (DC) Plan within the Scheme. In general, members pay 8% of their Pensionable Income and employers pay 6% of members’ Pensionable Income into individual pension accounts, which are operated and managed on behalf of the Pension Trustee by Legal and General Life Assurance Society Limited. In addition, the employer pays a further 4% of Pensionable Income to cover Death in Service Benefits, administration costs, and an associated insurance policy which provides income protection for Scheme members if they are unable to work due to long-term incapacity. This income protection policy has been insured by the Baptist Union of Great Britain with Aviva Limited. [Members of the Basic Section pay reduced contributions of 5% of Pensionable Income, and their employers also pay a total of 5%.]
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 the scheme is accounted for as if the Scheme were a defined contribution scheme.
The Ministers and some members of the church staff are eligible to join the Scheme.
## **Actuarial valuation as at 31 December 2019**
_A formal valuation of the DB Plan as at 31 December 2019 by a professionally qualified Actuary using the Projected Unit Method. At the valuation date the market value of the DB Plan assets was £298 million, whilst the level of assets needed to pay benefits was £316m, giving a deficit of £18m (equivalent to a past service funding level of 94%). 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._
_Bunyan's employer debt relating to the pension scheme is estimated at £27,900 as of 20th November 2021_
_The next full actuarial valuation of the DB Plan within the Scheme is due to take place at 31st December 2022._
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## — Bunyan Baptist Church
Annual accounts for the year ended 31 December 2021
Bunyan Baptist Church, Basils Road, Stevenage, Herts. SG1 3PY Registered charity no 1128843
CHARITY COMMISSION
FOR ENGLAND AND WALES
Independent examiner's
report on the accounts
Section A
Independent Examiner'5 Report
Report to tho trusteesl
m8mbers of
Bunyan Baptist Church, Stevenagg
On accounts for the year
ènded
31 December 2021
Charlty no
{if any)
1128843
Set out on pages
1and2
Irempmber lo indude the page numb¢rs trf addiknonal sheets!
I reporl to the trustees on my examination of the accounts of the above
chartty {'the Trust") for the year ended 31112 12021.
Rosponsibilities and As the charity trustees of the Trust, you are responsible for the preparation
basls of rèport of the accounts in accordan with the requirements of the Charilies Act
2011 1.the Act").
I report in respect of my examination of the Trust's accounts carried out
under sertion 145 of the 2011 Act and in Garrying out my examination, I
have followed the applicable Directions given by the Charity Commission
under section 1451SXb} ofthe Act.
I have completed my examination. I confirm that no material matters have
come to my attention
in connection with
Ihe examination which gives me cause to believe that in. any material
respect..
accounting records were not kept in accordan with section 130 of
the Act or
the accounts do not accord with the accounting records
Independent
examinerfs statement
I have no concerns and have come across no other matters in connection
with the examination lo which attention should be drawn in order to enable a
proper understanding of the accounts to be reached.
Please delete the words in Ihe braGkets if they do not apply.
Signed:
Date:
2510212022
Name:
BRIAN KELLY
Relevant professional
quallflcatlonls) or body
{if any):
FCCA
Address:
346 GFiACE WAY
STEVENAGE
SG1 SAP
IER
October 2018
Section B
Disclosure
Only complete if the examiner needs to highlight matters of conrn (see CC32.
Independent examination of charity accounts.. directions and guidance for
examiners}.
Givè here brief details of
any Items that the
oxaminer wishes to
disclose.
NONE
IER
October 2018
BBC SOFA 2021 Final.xlsx
## **Bunyan Baptist Church**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **YEAR ENDED 31 DECEMBER 2021**
|**Notes**
**Incoming resources**
Donations & Tax Refunds
2
Investment Income
3
Hire of Church & Hall
**Total incoming resources**
**Resources expended**
Charitable expenditure
Grants payable
4
Cost of charitable activities
5
**Total resources expended**
Transfers between funds (Des/Restr)
Transfers between funds (Unrest/Rest)
Net movement in funds
Total Funds brought forward
Total Funds carried forward|**Unrestricted**
**Designated**
**Restricted**
**Total 2021**
**Total 2020**
165,978
-
48,635
214,613
297,610
1,210
-
-
1,210
60,982
720
720
2,948|
|---|---|
||£167,908
-
48,635
£216,543
£361,540|
||22,723
-
5,334
28,057
29,257
141,768
-
8,202
149,969
160,622|
||£164,491
-
£13,535
£178,026
189,879|
||0
-10,000
10,000
0
0
441,386
0
-441,386
0
0
444,804
-10,000
-396,287
38,517
171,661|
||£917,693
£30,000
£500,011
£1,447,704
£1,276,043
£1,362,497
£20,000
£103,724
**£1,486,221**
£1,447,704|
Page 1 of 7
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## Bunyan Baptist Church
## BALANCE SHEET
AS AT 31 DECEMBER 2021
**----- Start of picture text -----**
Notes 2021 2020
£ £ £ £
Tangible Fixed assets 6 1,398,538 822,400
Current Assets
Debtors 7 37,498 46,512
Bank & Cash 8 190,935 579,189
228,433 625,701
Current Liabilities
Creditors due within 1 year 9 25,390
Long Term Creditors 10 115,360
140,750 £87,683 397 £625,304
Net assets £1,486,221 £1,447,704
Charitable Funds
Restricted 11 103,725 500,011
Designated 12 20,000 30,000
Unrestricted 1,362,497 917,693
1,486,221 £1,447,704
**----- End of picture text -----**
The notes on pages 3 to 6 form an integral part of these accounts.
These accounts were approved by the Elders & Deacons on 2nd March 2022 and signed on their behalf by
**----- Start of picture text -----**
S.C
oo
Dave Jappy Hon. Treasurer
Mike Price Secretary
**----- End of picture text -----**
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## **BUNYAN BAPTIST CHURCH**
## **NOTES TO THE ACCOUNTS**
## **YEAR ENDED 31 DECEMBER 2021**
## 1 **ACCOUNTING POLICIES**
- a
## Basis of Preparation
The accounts have been prepared on a "receipts and payments" basis in accord with S133 Charities Act 2011.
- b Donations
Donations are accounted for gross when received.
c
## Investment Income
Investment income is included in the accounts in the year when it is payable.
- d Grants Payable
The church makes grants to other organisations whose charitable objects complement its work. They are accounted for in the year in which they are payable.
- e
## Fixed assets
Buildings : The Church premises are included at their insurance valuation which was carried out in 2009 by the Baptist Insurance Company plus additional sums to reflect building improvements carried out during 2021.
At 31 December 2021 the buildings were insured for £1.926m.
A new insurance valuation of the building is being carried out in February 2022
Buildings are not depreciated in accordance with the Baptist Union guidelines (leaflet F7).
Furniture & Equipment : Assets are shown at cost less depreciation
## f Depreciation
Electrical equipment - assets are written off over 3 years on a straight-line basis Other furniture etc - assets are written off over 10 years on a straight-line basis.
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|2
**Donations & Tax Refunds**
Offerings
Legacy
Gift Aid refund
Other Income
Grants
Twinklers Income|**Unrestricted**
**Designated**
**Restricted**
**Total 2021**
**Total 2020**
126,159
41,462
167,621
225,633
-
-
-
27,652
7,172
34,824
44,001
3,066
3,066
4,067
2,278
-
-
2,278
18,000
6,823
6,823
5,909|
|---|---|
||165,978
-
48,635
£214,613
£297,610|
_Unrestricted income including gift aid amounted to £150,631 in 2020. "Other Income" includes CTIS admin contribution,EasyFundraising income and compensation from NatWest Restricted offerings is £27,092 for Building Fund, £10,000 for provision of Live Streaming, £4,870 restricted income shown within Grants Payable_
_Grants in 2021 is solely UK Govt Job Retention Scheme payments_
|3|**Investment Income**|||||||
|---|---|---|---|---|---|---|---|
||Bank etc Interest|1,210||||1,210|1,778|
||Profit on property sales||||-|-|59,204|
|||1,210|-||-|£1,210|£60,982|
||_In 2020, Stanmore Hall was sold for £166,804 (nett) of which £59,204_|||||||
||_was treated as "profit on property sales" for accounting purposes_|||||||
|4|**Grants Payable**|||||||
||Baptist Missionary Society|200||||200|-|
||Home Mission Fund|6,150||||6,150|7,500|
||Bridgebuilders|2,800||||2,800|2,800|
||Familia Moja|1,000|||120|1,120|1,940|
||WEC - Smiths|2,453|||100|2,553|-|
||AIM - Pughs|10,120|||-|10,120|10,100|
||Other|-||||-|-|
||Christmas Appeal (Familia Moja)||||2,594|2,594|3,320|
||Appeal (Toilet Twinning)||||426|426||
||Donations given with privacy||||-|-|3,285|
||Broadwater FairTrade/Foodshed||||2,094|2,094|312|
|||£22,723||£0|£5,334|£28,057|£29,257|
_Unrestricted payments totalled £21,400 in 2020._
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|5
**Cost of Activities**
Notes
Ministry
a
Mission
b
Premises
c
Other expenditure
d|**Unrestricted**
**Designated**
**Restricted**
**Total 2021**
**Total 2020**
116,265
-
-
116,265
112,974
4,864
-
540
5,404
6,089
9,142
-
-
9,142
32,751
11,496
-
7,662
19,158
8,808|
|---|---|
||£141,768
£0
£8,202
£149,969
£160,622|
_Unrestricted payments totalled £137,446 in 2020. Restricted Premises payments totalled £22,176 in 2020_
## a **Costs of Ministry**
|Salaries|94,659|||94,659|95,561|
|---|---|---|---|---|---|
|Social Security costs|1,739|||1,739|1,529|
|Pension costs|12,543|-||12,543|11,144|
|Other costs|7,324|||7,324|4,740|
|Total|£116,265|£0|£0|£116,265|£112,974|
|**Costs of Mission**||||||
|Evangelism|57|||57|81|
|Children's work|334|||334|568|
|Youth work|345|||345|350|
|Training|910|||910|1,260|
|Hardship Fund|-||540|540|1,408|
|Twinklers|3,219|||3,219|2,423|
||£4,864|£0|£540|£5,404|£6,089|
|**Costs of Premises**||||||
|Electricity, Gas & Water|2,404|||2,404|3,493|
|Insurance|2,397|||2,397|2,289|
|Cleaning|694|||694|84|
|Upkeep of church premises|3,646|||3,646|1,641|
|Stanmore Hall|-|||0|3,069|
|Hire of premises|-|||0|-|
|New building project||||0|22,176|
||£9,142|£0|£0|£9,142|£32,751|
|_Hire of premises by Twinklers is included in Twinklers costs under 5b above_||||||
|**Other Costs**||||||
|Travel|318|||318|116|
|Office Costs|3,272|||3,272|3,680|
|Telephone & Internet|705|||705|799|
|PA & Worship materials|2,412||7,662|10,073|2,048|
|Affiliation fees|994|||994|1,023|
|Refreshments|277|||277|340|
|Sundries|534|||534|65|
|Bank Charges|694|||694|736|
|BU Loan Interest Charges|2,290|||2,290|-|
||£11,496|£0|£7,662|£19,158|£8,808|
## b **Costs of Mission**
## c **Costs of Premises**
## d **Other Costs**
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|6|**Fixed assets**||**Premises**||**Furniture**||**Computers**||**Total 2021**|**Total**|**2020**|
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||**& Fittings**||**& Equpt.**|||||
||01-Jan-21||822,400||-||-||822,400|930,000||
||Additions||576,138||||||576,138||0|
||Disposals||||||||-|107,600||
||Depreciation||||||||-||0|
||31-Dec-21|£|1,398,538
|£|-
|£|-
|£|1,398,538
|£822,400||
||_Monies spent during 2021 on the building project have been_||||_capitalised to reflect the increased_||||_value of the_|_property._||
||_Interest charges on the BU Building Loan have NOT been_|||_capitalised._||||||||
||_An insurance valuation of_|_the building is being carried out_||_in_|_January 2022._|||||||
|7
**Debtors**
Prepayments/Funds advanced
Overpayment
Gift Aid to claim
_Prepayments represents £2,673 for 2022 insurance_
8
**Bank & Cash**
BU Deposit A/c (7-day notice)
BU Deposit A/c (3-month notice)
BU Deposit A/c (3-month notice, Stanmore proceeds)
Natwest Current A/c
Natwest Savings A/c
Petty Cash
Twinklers Current A/C
Twinklers Petty Cash
9
**Creditors**
Baptist Union Loan (for repayment within 1 year)
Sundry Creditors
_Sundry Creditors represents money owed to Familia Moja UK (£2714),_
_Toilet Twinning (£426), BFT/Foodshed (£388), plus TimeOut monies_
10
**Long Term Creditors**
Baptist Union Loan
_Represents Baptist Union Building loan outstanding less 2022 estimated payments_
11
**Restricted Fund**
This represents money given for particular purposes, not yet expended:
Maintenance Fund
New Building Project
Building Loan Fund
Streaming Funds
Earmarked Hardship Funds
12
**Designated Fund**
Vision seed fund
Twinklers
Long Term Maintenance
_This represents money set aside for Long-Term Maintenance_|2,673
2,296
0
0
34,824
44,216|
|---|---|
||£37,498
£46,512|
||91,495
61,344
12,629
291,930
-
167,136
73,466
49,038
5,040
5,040
16
16
8,289
4,685
-
0|
||£190,935
£579,189|
||21,682
3,708|
||25,390
£397|
|||
||115,360
0|
||-
16,676
88,784
481,835
11,642
0
2,338
0
960
1,500|
||£103,725
£500,011|
||-
10,000
-
0
20,000
20,000|
||£20,000
£30,000|
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## 13 **Pensions**
The Church is a participating employer the Baptist Pension Scheme (“the Scheme”), which is a separate legal entity administered by the Pension Trustee (Baptist Pension Trust Limited). The assets of the Scheme are held separately from those of the Employer and the other participating employers.
The Scheme, previously known as the Baptist Ministers’ Pension Fund, started in 1925, but was closed to future accrual of defined benefits on 31 December 2011. Prior to this date the main benefit provided through the Defined Benefit (DB) Plan was a 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.
From January 2012, pension provision is being made through the Defined Contribution (DC) Plan within the Scheme. In general, members pay 8% of their Pensionable Income and employers pay 6% of members’ Pensionable Income into individual pension accounts, which are operated and managed on behalf of the Pension Trustee by Legal and General Life Assurance Society Limited. In addition, the employer pays a further 4% of Pensionable Income to cover Death in Service Benefits, administration costs, and an associated insurance policy which provides income protection for Scheme members if they are unable to work due to long-term incapacity. This income protection policy has been insured by the Baptist Union of Great Britain with Aviva Limited. [Members of the Basic Section pay reduced contributions of 5% of Pensionable Income, and their employers also pay a total of 5%.]
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 the scheme is accounted for as if the Scheme were a defined contribution scheme.
The Ministers and some members of the church staff are eligible to join the Scheme.
## **Actuarial valuation as at 31 December 2019**
_A formal valuation of the DB Plan as at 31 December 2019 by a professionally qualified Actuary using the Projected Unit Method. At the valuation date the market value of the DB Plan assets was £298 million, whilst the level of assets needed to pay benefits was £316m, giving a deficit of £18m (equivalent to a past service funding level of 94%). 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._
_Bunyan's employer debt relating to the pension scheme is estimated at £27,900 as of 20th November 2021_
_The next full actuarial valuation of the DB Plan within the Scheme is due to take place at 31st December 2022._
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