2021-12-31-accounts - Maidstone Baptist Church

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

		Page
Legal and Administrative	Information
Trustees' Report
Independent Examiner's	Report
Statement of Financial	Activities
Schedules to Statement	of Financial Activities	7-8
Balance Sheet
Notes to the Financial Statements		10-15
Comparison Graphs		16-17
Budget Comparison Report		18-19
Other Church Related Organisations		20

elected as a Churc	elected as a Churc	h Offfc	er is not required to stand down.	er is not required to stand down.
The local Trustees		during	the calendar year 2021 (induding elections,		retirements		and appointments)
were:
-Senior Minister				Still vacant
- Deacons and Church Officers:				Sheila Smith (Church Secretary)
				John Gurnett (Asst Church Secretary)		(Until 20.05.2021)
				Barbara Williams (Church Treasurer)
Deacons alone:
				Keith Burgess-Clemente (Until 20.05.2021)
				Jane Gumett (Until 20.05.2021)
				Jim Weedon
				Helen Herman
				Judith Woodbridge
				Lee-Anne Baker (From 20.05.2021)
				Howard Cooke (From 20.05.2021)
				Anne Swannell (From 20.05.2021)
				Gwyneth Tozer (From 20.05.2021)
Independent	Examiner
Lee Seal FCCA FAIA, Blain Pritchard Limited, Chartered Certified Accountants,							74 College Road,
Maidstone,	Kent,	ME156SL

							2021			2020
						Unrestricted	Restricted
						funds	funds		Total funds	Total funds
Incoming resources					Schedule
Voluntary income						96,573	10,024		106,597	92,383
Activities for generating funds
Investment income						529			529	799
Incoming resources from	charitable
activities
Other incoming resources						22,588			22,588	23,297
Total Incoming resources						119,690	10,024		129,714	116,479
Resources expended
Costs of generating voluntary			income
Fundraising trading costs
Investment management	costs
Charitable expenditure						119,427	9,643		129,070	103,088
Governance costs						1,620			1,620	1,650
Other resources expended
Total resources expended						121,047	9,643		130,690	104,738
Net incoming/(outgoing)		resources
before transfers						(1,357)		381	(976)	11,741
Gross transfers between		funds				(69)		69
Net incoming/(outgoing)		resources
before other recognised
gains/(losses)						(1,426)		450	(976)	11,741
Gains and losses on revaluation				offixed
assets for the charity's own		use
Gains and losses on investment				assets
Net movement In funds						(1,426)		450	(976)	11,741
Total funds brought forward Total funds carried forward						615028 613,602	11,079 11529		626,109 625 133	614,368 626,109

					2021		2020
				Unrestricted	Restricted
				funds	funds	Total funds	Total funds
Incoming resources
1	Voluntary income
	Freewill and loose offering			73,878		73,878	68,882
	Tax refunds - general		funds	13,222		13,222	12,162
	General donations			7,474	10,024	17,497	11,340
	Legacies received			2,000		2,000
				96,573	10,024	106597	92	384
2	Investment income
	Bank and deposit	interest		529		529		799
				529		529		799
3	Incoming resources		from charitable
	activities
	Coffee mornings
	Spring harvest
	SPACE
	Concerts and productions
	Stationery & Publicity
4	Other incoming	resources
	Insurance claims	- iniury compensation		100		100	2,060
	Rent received			7,055		7,055	6,022
	Furlough grant			1,688		1,688	4,993
	Grant received			12,936		12,936	9,274
	Miscellaneous income			500		500		948
	Pastoral fund			310		310
	Church weekend	events
				22,588		22 588	23,297

									2021		2020
							unrestricted		Restricted
							funds		funds	Total funds	Total funds
Resources expended
5	Charitable expenditure
	Missions								4,555	4,555	4,998
	Church general		expenses				19,774		3,718	23,493	24,	111
	Ministers						8,	149		8,149	5,413
	Youth pastor						34,542			34,542	32,	685
	Moderator							771		771		662
	Preaching fees							637		637		415
	Pastoral gifts							703		703		322
	Pastoral fund
	Church delegate		expenses
	Repairs and	renewals					28,	109		28,109	7,	718
	KSN, publicity	&stationery					6,227			6,227	5,589
	Youth, Brigades		8 Sunday			school		736	1,370	2,106		665
	Youth weekend		events									993
	General wages						8,253			8,253	8,075
	Subscriptions						3,057			3,057	2	890
	Training							143		143		31
	Payroll							750		750		720
	Depreciation	of	freehold		property		6,900			6,900	6,	900
	Depreciation	of	plant	& equipment				675		675		899
	(Profit) Iloss	on	disposal		of fixed assets
							119,427		9,643	129,070	103,086
6	Governance	costs
	Independent	examination				fee	1,620			1,620	1,650
							1,620			1,620	1,650

						2021		2020
					Unrestricted	Restricted
					funds	funds	Total funds	Tots( funds
Fixed assets				Note
Tangible assets					483,021		483,021	490,696
Total fixed	assets				483,021		483,021	498,140
Current assets
Stocks
Debtors
(Short term)	investments
Cash at bank and in		hand			131,006	11,106	142,111	135,512
Total current assets					131,006	11,106	142,111	116,226
Creditors:	amounts	falling due
within one	year
Total assets less current
liabilities					614,027	11,106	626,132	626,108
Creditors:	amounts	falling due
after one year
Provisions	for liabilities		and
charges
Net assets					614,027	11,106	625,132	626,108
Funds ofthe charity
Unrestricted	funds				613,603		613,603	615,029
Restricted funds						11,529	11,629	11,079
Revaluation	reserve
Total funds					613,603	11,529	626,132	626,108

Note 2	Accounting	Accounting	policies	policies
INCOMING RESOURCES
Recognition		of incoming			These are included in the Statement of Financial Activities (SoFA) when
resources					the resources are paid into the Church's bank	accounts.
incoming	resources		with	related	Where incoming resources have related expenditure (as with fundrsising		or
expenditure					contract income) the incoming resources snd related expenditure are
					reported gross in the SoFA.
Grants snd donations					Grants and donations are only included in the	SoFA when the charity has
					unconditional entitlement to the resources.
Tax reclaims		on donations		and	Incoming resources from tax reclaims are included in the SoFA when the
gifts					resources are received into the Church's bank	account.
Gifts In kind					Gifts in kind are accounted for at a reasonable	estimate oftheir value to the
					charity or the amount actually realised.
					Gifts in kind for sale or distribution are induded	in the accounts as gifts only
					when sold or distributed by the charity.
					Gifts in kind for use by the charity ars included	in the SoFA as incoming
					resources when receivable.

Donated services and facilities	Donated services and facilities	Donated services and facilities	These are only included in incoming resources (with an equivalent amount		in
			resources expended) where the benefit to the charity is reasonably
			quantifiable, measurable and material.
Volunteer	help		The value of any volunteer help received is not included in the accounts.
Investment		income	This is Included in the accounts when receivable.
EXPENDITURE AND LIABILITIES
Liability recognitlon			Liabilities are recognised as soon as there is a legal or constructive obligation
			committing the charity to pay out resources.
Governance		costs	Indude costs of the preparation and examination of statutory accounts, the
			costs oftrustee meetings and the cost of any legal advice on governance	or
			constitutional matters.
Grants payable without			These are only recognised in the accounts when a commitment has been
performance		conditions	made and there are no conditions to be met relating to the grant which
			remain in the control ofthe charity.
ASSETS
Tangible fixed assets for use by			The Church has not capitahsed the value ofthe Church premises. Other
the charity			properties have been capitalised and depredated on a straight line basis
			over their estimated useful life of50years. Other assets, where the cost of		an
			individual item exceeds f1,000 have been capitalised and depreciated on	a
			reducing balance basis (25%).All smaller items have been expended
			through the SoFA as incurred.
Revaluation		of Land &	The properties owned by the Church were revalued on 4th April 2013 by
Buildings			Sibley Pares Chartered Surveyors. The revalued amounts are incorporated		in
			these accounts. It is the opinion ofthe Trustees that the life of the properties
			is 50years from the date of revaluation so the depreciation charge has been
			calculated on this basis.

Note 4	Details ofcertain items ofexpenditure	Details ofcertain items ofexpenditure	Details ofcertain items ofexpenditure					2021		2020
4.1	Trustee expenses
During the year ths following		expenses have been		reimbursed		to	trustees	in respect oftravelling	costs	and other
expenses	incurred on behalf	ofthe charity.
	Number oftrustees	who were paid expenses
	Total amounts paid
4.2	Fees for examination ofthe accounts
	independent examiner's remuneration
	Other fees (accountancy, payroll		and consultancy)					1,620		1,650
4.3	Other related party transactions
	None.
Note 5	Paid employees
5.1	Staff costs
	Gross salaries and	National Insurance						37,697		37,044
	Moderator costs							771		662
	Pension costs							7,841		6,631
5.2	Average number of full time employees			In	the year
	Charitable activities
	Support staff
	Domestic duties
5.3	Deffned contribution pension scheme
	The costs of the scheme to the charity for the year							7,841		6,631
	The amount of any	contributions	outstanding		at the	year	end
	The amount of any	contributions	prepaid	at the year		end
5.4	Staff banding
	The number ofemployees who were paid			the following			remuneration
	bands:
	EO -E10,000
	E10,001 - E20,000
	E20,001 - E30,000

6.1		Cost or valuation
					Freehold		Plant &
						ro e	e	ui ment	Total
		Balance brought forward				550,000		14,375	684,376
		Revaluations
		Additions
		Disposals
		Balance carried forward
6.2		Accumulated depreciation and Impairment provisions
		Balance brought forward				62,100		11,678	73,778
		Other adjustments (revaluations)
		Depreciation charge for the year				6,900		675	7,676
		Dlspossls
		Balance carried forward				69,000		12,353	81,353
6.3		Net book value
		Brought forward				487,900		2,697	490,697
		Carried forward				481,000		2,022	483,022
		The two properties owned by the Church were revalued		on 4th April 2013by Sibley Pares					Chartered
		Surveyors on the basis of open market value. The historical			cost	ofthe freehold		land snd	buildings
		included st a valuation of5550,000	wss f378,520.
Note	7	Debtors and prepayments						2021	2020
7.1		Analysis ofdebtors (ag amounts	falgng due within	one year)
		Other debtors
		Prepayments and accrued income
Note	8	Creditors and accruals						2021	2020
8.1		Analysis ofcreditors (all amounts	falling due within	one year)
		Loans snd overdrafts
		Other creditors
		Accruals and deferred income

Funds held
Fund name						T	eoffund			Pu ose and	restrictions
Buildings fund						Restricted		income		The purpose	ofthe fund is to raise capital for major
						fund				re airs and renovaUons ofchurch			remises.
Various discretionary						Restricted		income		The purpose	ofthese 'Discretionary		Missions'			is to
missions						fund				raise funds to assist the charities		in	question
										financially. All	income raised for the		benefit		of these
										charities is paid over to the charities,				thus leaving a
										zero balance	on these restricted	funds carried forward.
Barney
Miss J Darge		church				Restricted		income		The purpose	of the fund is to set	aside capital for the
or an fund						fund				maintenance	and care ofthe church			or an.
Miss J Darge		pastoral				Restricted		income		The purpose	ofthe fund is to set	aside capital for
care fund						fund				astoral care	within the local fellowshi			.
fund						Unrestricted				The fund originated from a gift from			the estate of Mr
						designated		fund		Barney more	than 20 years ago	The		purpose		ofthe
										fund to provide support for Church members						in need.
Movements	ofmajor				funds
								Fund								Fund
								balances							balances
								brought		Incoming	Outgoing					carried
								forward		resources	resources Transfers					forward
Restricted	funds
Buildings fund								6,286		450						6,736
Various discretionary					missions					9,574	(9,643)
Church organ		fund							327							327
Pastoral care		fund						4,466								4,466
Community	cars		grant
Total restricted			funds					11	079	10,024	9,643			69		11,629
Unrestricted		designated				funds
Barney fund								41,488		44	(278)					41,264
Total designated				funds				41,488		44	(278)					41,264
Unrestricted		general			funds			573,540		119,646	(120,769)		(69)			672,348
Total unrestricted				funds				615	028	119,690	121,047			69		613,602
Revaluation		reserve
Total funds								626	107	129713	130,690					6

Grants made to institu	tions
				Total
Names of institutions		Pur ose		amount
BMS		To assist the chari	financiatl	2,000
HMF		To assist the chari	financiatl	2,000
Tear Fund		To assist the chari	flnanciall
OMF		To assist the chari	financialt
Kent Air Ambulance		To assist the chari	financiall
Various other missions	and charities	To assist the charities financiall		555
				4555

					2020	2021	2021	2022
					Actual	Bud et	Actual	Bud et
Income
FWO and loose offerings					68,882	70,000	73,878	70,000
Tax refunds - general			funds		12,162	13,000	13,222	13,000
Mission fund - HMF &			BMS		3,087	4,000	2,589	4,000
Mission fund - Other					772		881
Building fund					424	300	450	300
Church usage						10,000	-	12,000
Additional income						5,000	-	5,000
General donations					7,057		13,577
Legacies received							2,000
Church weekend
Youth Summer
Pastoral fund							310
Miscellaneous income					948		500
Interest received					799	700	529	600
Manse Rent					6,022		7,055	5,400
Furlough grant					4,993		1,688
Grant					9,274		12,936
Insurance claim					2,060		100
Total Income					116,480	103,000	129,714	110,300
Freewill &loose offering					68,882	70,000	73,878	70,000
Average per week					1,325	1,346	1,421	1,346
Expenditure
Ministry
Ministers					3,221	16,783	5,957	21,371
Minister in training		Iyouth pastor			27,392	29,125	29,249	29,423
Manse costs					7,485	10,042	7,485	9,808
Moderator					662	1,800	771	400
Preaching fees					415	1,000	637	600
Pastoral fund					322	300	703	300
Church delegate		expenses
Training					31	250	143	420
					39,528	59,300	44,945	62,322
General
New equipment,		repairs		& renewals	7,718	14,910	28,109	8,120
Organ repairs
Greenside letting		expenses
Church general expenses					24,111	28,370	23,493	35,167
KSN, publicity &	stationery				5,589	5,700	6,227	6,500
Youth, Brigades	& general				665	2,000	2,106	2,000
Gifts and entertaining
Church weekend		events			993
Church weekend

		2020	2021	2021	2022
		Actual	Bud et	Actual	Bud et
General wages		8,075	8,253	8,253	8,412
Depreciation		7,799	7,575	7,575	7,406
Profit/loss od	disposal ofassets
Independent	examiner fee	1,735	1,815	1,735	1,865
Payroll		635	635	635	635
		57,320	69,258	78,133	70,104
Il/iission & Evangelism
Evangelism		4,998	4,000	4,555	4,000
Outreach
Subscriptions		2,890	2,680	3,057	3,200
		7,888	6,680	7,612	7,200
Total expenditure		104,736	135,238	130,690	139,626
Surplus / (deficit) for the year		11,744	32,238	976	29,326

		Cash held			Cash held
Or anisation		01/01/21	Income	Fx enditure	31/12/21
Keymen		468.55	75.00		543.55
Brigades Joint	Account	6,330.15	2,507.30	2,623.76	6,213.69
2nd Maidstone	Girls Brigade	266.60		266.60
Little Fishes		412.38	205.00	427.05	190.33
Youth Club		26.00	66.50	64.00	28.50
Cameo		103.00	1.00		104.00