2020-12-31-accounts - Avenue Baptist Church

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Trustees		S.Ekins (Secretary)	S.Ekins (Secretary)
		D. Causton
		M. Adams
		P. Gaff
		P.Thompson
		J. Kilpin
		P. Mulligan
		J.Rooke
		T.Wheeler
		C Dungey		(Appointed	27June 2021)
		BWilliams		(Appointed	27 June 2021)
Charity number		1129069
Principal address		14Avenue Terrace
		Westdiff on Sea
		Essex
		SSO 7PL
Independent	examiner	PA Stafford FCCA
		457 Southchurch	Road
		Southend on Sea
		Essex
		SS12PH
Bankers		CAF Bank Limited
		25 Kings Hill Avenue
		Kings Hill
		West Mailing
		Kent
		ME194JQ
Property Trustees		The Baptist Union	Corporation
		'Baptist House
		129Broadway
		Didcot
		Oxon
		OX11 SRT

			Page
Trustees' report			1-7
Independent examiner's		report
Statement offinancial	activities		10
Balance sheet
Statement ofcash flows			12
Notes to the financial	statements		13-24

					Unrestricted	Restricted	Total Unrestricted	Total Unrestricted	Restricted	Total
					funds	funds		funds	funds
					2020	2020		2019	2019	2019
			Notes		K					K
m n		w	n	I'0
Donations and	legacies				83,246	11,000	94,246	692,564	237,046	929,610
Charitable activities					5,055	796	5,851	5,614	3,092	8,706
Investments					19,429		19,429	9,686		9,686
Other income					1,248		1,248
Total income					108,978	11,796	120,774	707,864	240,138	948,002
Charitable activities				7	174,973	9,409	184,382	163,649	37,783	201,432
Net gains/(losses)		on
investments					44,480		44,480	16,870		16,870
Net (outgoing)/incoming
resources before		transfers			(21,515)	2,387	(19,128)	561,085	202,355	763,440
Gross transfers
between funds					(32,167)	32,167
Net movement	in funds				(53,682)	34,554	(19,128)	561,085	202,355	763,440
Fund balances	at 1 January
2020					626,925	97,081	724,006	65,840	(105,274)	(39,434)
Fund balances	at	31
December 2020					573,243	131,635	704,878	626,925	97,081	724,006

				2020		2019
			Notes	F		K
Fixed assets
Tangible assets			12		6,182
investments			13		506,421		466,201
					512,603		466,201
Current assets
Debtors			15	32,406		18,197
Cash at bank and	in	hand		171,605		259,113
				204,011		277,310
Creditors: amounts		falling due within
one year			16	(11,736)		(19,505)
Net current assets					192,275		257,805
Total assets less	current liabilities				704,878		724,006
Income funds
Restricted funds			18		131,635		97,081
sn
Designated funds			19	120,379		124,554
General unrestricted		funds		452,864		502,371
					573,243		626,925
					704,878		724,006

						2020		2019
					Notes			f
Cash flows from operating			activities
Cash (absorbed by)/generated			from		22
operations							(102,433)		728,421
Investing	activities
Purchase	oftangible fixed assets					(8,764)
Purchase	of investments					(15,653)		(449,331)
Proceeds	on disposal of investments					19,913
investment	income received					19,429		9,686
Net cash	generated from/(used			in)
investing	activities						14,925		(439,645)
Financing	activities
Repayment	ofbank loans							(69,888)
Net cash	used in financing		activities						(69,888)
Net (decrease)/increase in		cash		and	cash
equivalents							(87,508)		218,888
Cash and	cash equivalents	at beginning			ofyear		259,113		40,225
Cash and	cash equivalents		at end of		year		171,605		259,113

		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		2020	2020	2020	2019	2019	2019
				E	E	F
Donations	and gifts	83,246		83,246	110,436	2,881	113,317
Legacies	receivable				582,128	223,165	805,293
General grants receivable			11,000	11,000		11,000	11,000
		83,246	11,000	94,246	692,564	237,046	929,610

			2020	2019
				E
Donations		received for other organisations	796	3,092
Charitable		rental income	5,055	5,614
			5,851	8,706
Analysis	by fund
Unrestricted		funds	5,055	5,614
Restricted		funds	796	3,092
			5,851	8,706

		Unrestricted	Unrestricted
		funds	funds
		2020	2019
Rental	income	9,600	7,761
Income	from listed investments	9,662	1,298
Interest	receivable	167	627
		19,429	9,686

6	Other income	Other income
				Unrestricted	Total
				funds
				2020	2019
					F
	Government	grants		1,248
7	Charitable activities
				2020	2019
					f.
	Staff costs			81,735	80,851
	Depreciation	and impairment		2,582
	Premises costs			61,009	88,173
	Events, organisations		and missions	2,801	11,581
	Administration	expenditure		8,422	6,655
	Legal and professional			5,760	919
	Accountancy	fees		8,275	900
				170,584	189,079
	Grant funding	ofactivities (see note 8)		13,798	12,353
				184,382	201,432
	Analysis by	fund
	Unrestricted	funds		174,973	163,649
	Restricted funds			9,409	37,783
				184,382	201,432
	Forthe year	ended 31 December 2019
	Unrestricted	funds		163,649
	Restricted funds			37,783
				201,432

					2020	2019f
Grants to institutions:
Baptist Home	Mission - mission	support			6,000	6,000
Baptist Missionary Society - mission			support		6,000	5,650
Baptist Missionary Society - gifts received				by church and passed on		410
Changemakers	- gifts received	by church		and passed on		293
Shared Space	for Work - Covid	19			1,000
Other					798
					13,798	12,353

			2020
		Remuneration	Pension Contribution	Total
	A Picton	29,172	6,610		35,782
	J Kilpin	15,209	2,528		17,737
			2019
		Remuneration	Pension Contribution	Total
	A Picton	31,363	7,570		38,933
	J Kilpin	13,203	2,481		15,684
10	Employees

Employees		(Continued)
Employment costs	2020 f	2019
Wages and salaries	71,161	66,640
Social security costs	1,216	4,089
Other pension costs	9,358	10,122
	81,735	80,851

Net gains	/(lo	sses) on	investments
					Unrestricted	Unrestricted
					funds	funds
					2020	2019
						F
Revaluation		ofinvestments			51,095	16,870
Gain/(loss)	on sale of		investments		(6,615)
					44,480	16,870
Tangible	fixed assets
				Fixtures ahd	Computers	Total
				flttlhgs
Cost
Additions				6,156	2,608	8,764
At 31 December 2020				6,156	2,608	8,764
Depreciation		and impairment
Depreciation		charged	in the year	1,539	1,043	2,582
At 31 December 2020				1,539	1,043	2,582
Carrying	amount
At 31 December 2020				4,617	1,565	6,182

13	Fixed asset investmen	ts				(Continued)
						Unlisted
						investments
	Cost or valuation
	At 1 January 2020					466,201
	Additions					15,653
	Valuation changes					51,095
	Disposals					(26,528)
	At 31 December 2020					506,421
	Carrying amount
	At 31 December 2020					506,421
	At 31 December 2019					466,201
					2020	2019
	Investments at fair value comprise:
	Listed Investments				504,147	(337,000)
	Cash				2,274	(129,201)
					506,421	466,201
	The book value of investments		held at the	year end is F437,392
14	Financial instruments				2020	2019
	Carrying amount offinancial		assets
	Instruments measured	at fair	value through	profit or loss	506,421	466,201
15	Debtors
					2020	2019
	Amounts falling due within		one year:
	Trade debtors				32,406	18,197

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											Resources	Resources		Balance	at	Resources	Balance at
											expended1			January 2020		expended	31December
																	2020
															E
	Pension deficit fund										(5,446)			124,554		(4,175)	120,379
											(5,446)			124,554		(4,175)	120,379
20	Analysis ofnet assets between						funds
				Unrestricted				Restricted			Total		Unrestricted			Restricted	Total
						funds			funds					funds		funds
							2020		2020		2020			2019		2019	2019
												f			E	F
	Fund balances	at 31
	December 2020 are
	represented by:
	Tangible assets						6,182				6,182
	Investments					506,421					506,421			466,201			466,201
	Current assets/
	(liabilities)					60,640			131,635		192,275			160,724		97,081	257,805
						573,243			131,635		704,878			626,925		97,081	724,006
21	Related party transactions
	There were no disclosable				related		party	transactions		during the		year		(2019 - none).
22	Cash generated	from		operations												2020	2019
	(Deficit)/surpus	for the		year												(19,128)	763,440
	Adjustments for:
	Investment income recognised					in	statement		offinancial		activities					(19,429)	(9,686)
	Loss on disposal	of investments														6,615
	Fair value gains	and	losses		on	investments										(51,095)	(16,870)
	Depreciation and impairment				oftangible			fixed assets								2,582
	Movements in working			capital:
	(Increase) in debtors															(14,209)	(13,133)
	(Decrease)/increase		in	creditors												(7,769)	4,670
	Cash (absorbed	by)/generated					from operations									(102,433)	728,421