## # ## ## |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||||| ## ## |10|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| ## ## ## |||||thQ
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I—«|| ## ## ## ||||||||||||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| ## ##