## 

## 

|Trustees||S.Ekins (Secretary)|S.Ekins (Secretary)|||
|---|---|---|---|---|---|
|||M.Adams||||
|||P. Thompson||||
|||J. Kilpin||||
|||P. Mulligan||||
|||J.Rooke||||
|||C Dungey||(Appointed|27June 2021)|
|||8Wlliams||(Appointed|27June 2021)|
|||J.Guest||(Appointed|1 July 2022)|
|||P Potter||(Appointed|20 March 2022)|
|||J Dickenson||(Appointed|20 March 2022)|
|Charity number||1129069||||
|Principal address||14Avenue Terrace||||
|||Westcliff on Sea||||
|||Essex||||
|||SSO 7PL||||
|Independent|examiner|PA Stafford FCCA||||
|||457 Southchurch|Road|||
|||Southend<br>on Sea||||
|||Essex||||
|||SS12PH||||
|Bankers||CAF Bank Limited||||
|||25 Kings<br>Hill Avenue||||
|||Kings<br>Hill||||
|||West Mailing||||
|||Kent||||
|||ME194JQ||||
|Property Trustees||The Baptist Union|Corporation|||
|||Baptist House||||
|||129Broadway||||
|||Didcot||||
|||Oxon||||
|||OX11 8RT||||





## 

## 

||||Page|
|---|---|---|---|
|Trustees'<br>report|||1-8|
|Independent<br>examiner's||report|10|
|Statement offinancial|activities|||
|Balance sheet|||12|
|Statement ofcash flows|||13|
|Notes to the financial|statements||14-26|





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|||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||funds|funds||funds|funds||
|||||2021|2021|2021|2020|2020|2020|
||||Notes|K|K|E||||
|Income and endowments|||from:|||||||
|Donations<br>and|legacies|||75,260|11,029|86,289|83,246|11,000|94,246|
|Charitable<br>activities||||5,902|204|6,106|5,055|796|5,851|
|Investments||||19,351||19,351|19,429||19,429|
|Other income||||5,178||5,178|1,248||1,248|
|Total Income||||105,691|11,233|116,924|108,978|11,796|120,774|
|Charitable<br>activities|||7|139,924|7,983|147,907|174,973|9,409|184,382|
|Net gains/(losses)||on||||||||
|investments||||48,774||48,774|44,480||44,480|
|Gross transfers|between|||||||||
|funds|||||||(32,167)|32,167||
|Net movement|In|funds||14,541|3,250|17,791|(53,682)|34,554|(19,128)|
|Fund balances|at 1 January|||||||||
|2021||||573,243|131,634|704,877|626,925|97,081|724,006|
|Fund balances|at|31||||||||
|December 2021||||587,784|134,884|722,668|573,243|131,635|704,878|





||8,T38<br>539:6'|6,$82<br>59j„gf|
|---|---|---|
|||M2„658|
|Ce&itors. a~un% falling due vrlgAg|||
|OAQ }f983'|||
|ggt ggff~~|||
||%7,784||
||722.688||





## 

## 

## 

||||2021||2020||
|---|---|---|---|---|---|---|
|||Notes|||||
|Cash flows from operating|activities||||||
|Cash absorbed<br>by operations||22||(23,659)||(102,433)|
|Investing<br>activities|||||||
|Purchase oftangible<br>fixed assets|||(6,072)||(8,764)||
|Purchase of investments|||(33,664)||(15,653)||
|Proceeds on disposal of investments|||49,256||19,913||
|Investment<br>income received|||19,351||19,429||
|Net cash generated<br>from investing|||||||
|activities||||28,871||14,925|
|Net cash used in financing|activities||||||
|Net Increase/(decrease)<br>in|cash and|cash|||||
|equivalents||||5,212||(87,508)|
|Cash and cash equivalents|at beginning|ofyear||171,605||259,113|
|Cash and cash equivalents|at end of|year||176,817||171,605|





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|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
|||funds|funds||funds|funds||
|||2021|2021|2021|2020|2020|2020|
||||E|||f.|E|
|Donations|and gifts|69,718|265|69,983|83,246||83,246|
|Legacies|receivable|5,542||5,542||||
|General grants||||||||
|receivable|||10,764|10,764||11,000|11,000|
|||75,260|11,029|86,289|83,246|11,000|94,246|



## 

||||2021|2020|
|---|---|---|---|---|
|Donations||received for other organisations|204|796|
|Charitable||rental income|5,902|5,055|
||||6,106|5,851|
|Analysis|by fund||||
|Unrestricted||funds|5,902|5,055|
|Restricted||funds|204|796|
||||6,106|5,851|



## 

|||Unrestricted|Unrestricted|
|---|---|---|---|
|||funds|funds|
|||2021|2020|
|||E|F|
|Rental|income|6,998|9,600|
|Income|from listed investments|12,338|9,662|
|Interest|receivable|15|167|
|||19,351|19,429|





## 

## 

||||Unrestricted|Unrestricted|
|---|---|---|---|---|
||||funds|funds|
||||2021|2020|
|||||f|
|Government|grants||5,178|1,248|
|Charitable<br>activities|||||
||||2021|2020|
|Staff costs|||62,786|81,735|
|Depreciation|and impairment||3,516|2,582|
|Premises costs|||46,039|61,009|
|Events, organisations||and missions|2,857|2,801|
|Administration|expenditure||4,661|8,422|
|Legal and professional|||9,158|5,760|
|Accountancy|fees||4,385|8,275|
||||133,402|170,584|
|Grant funding|ofactivities (see note 8)||14,505|13,798|
||||147,907|184,382|
|Analysis<br>by|fund||||
|Unrestricted|funds||139,924|174,973|
|Restricted<br>funds|||7,983|9,409|
||||147,907|184,382|



|7|Government<br>grants<br>Charitable<br>activities|
|---|---|





## 

## 

## 

|||2021|2020|
|---|---|---|---|
||||f|
|Grants|to institutions:|||
|Baptist|Home Mission - mission support|4,900|6,000|
|Baptist|Missionary<br>Society - mission support|5,500|6,000|
|Church|From Scratch Support|1,000||
|Shared|Space - Covid Assistance||1,000|
|Avenue|Contact Centre - Mission support|2,000||
|Other||1,105|798|
|||14,505|13,798|



## 





## 

## 

## 

|Employment<br>costs|2021|2020f|
|---|---|---|
|Wages and salaries|54,749|71,161|
|Social security costs|526|1,216|
|Other pension costs|7,511|9,358|
||62,786|81,735|



## 

||||Unrestricted|Unrestricted|
|---|---|---|---|---|
||||funds|funds|
||||2021|2020|
|||||f|
|Revaluation|of|investments|46,116|51,095|
|Gain/(loss)|on|sale of investments|2,658|(6,615)|
||||48,774|44,480|



|12|Tangible fixed assets|||||
|---|---|---|---|---|---|
||||Fixtures and|Computers|Total|
||||fittings|||
||||K|||
||Cost|||||
||At 1 January 2021||6,156|2,608|8,764|
||Additions||4,617|1,455|6,072|
||At 31 December 2021||10,773|4,063|14,836|
||Depreciation<br>and impairment|||||
||At 1 January 2021||1,539|1,043|2,582|
||Depreciation<br>charged|in the year|2,308|1,208|3,516|
||At 31 December 2021||3,847|2,251|6,098|
||Carrying<br>amount|||||
||At 31 December 2021||6,926|1,812|8,738|
||At 31 December 2020||4,617|1,565|6,182|





## 

## 

|||Unlisted|
|---|---|---|
|||investments|
|Cost or valuation|||
|At 1 January 2021||506,421|
|Additions||33,664|
|Valuation<br>changes||48,774|
|Disposals||(49,257)|
|At 31 December 2021||539,602|
|Carrying<br>amount|||
|At 31 December 2021||539,602|
|At 31 December 2020||506,421|
||2021|2020|
|Investments<br>at fair value comprise:|||
|Listed Investments|539,602|504,147|
|Cash||2,274|
||539,602|506,421|



||The book|value ofinv|estments<br>held at the|year end isf429,211 (2020:|F437,952)||
|---|---|---|---|---|---|---|
|14|Financial|Instruments|||2021|2020|
||||||K|K|
||Carrying|amount offinancial assets|||||
||Instruments<br>measured||at fair value through|profit or loss|539,602|506,421|
|15|Debtors||||||
||||||2021|2020|
||Amounts|falling due|within one year:||K||
||Trade debtors||||4,356|32,406|
||Other debtors||||8,939||
||Prepayments<br>and accrued income||||337||
||||||13,632|32,406|





## 

## 

|16|Creditors: amounts|Creditors: amounts|falling due within one year|||
|---|---|---|---|---|---|
|||||2021|2020|
||||||K|
||Other taxation|and social security|||801|
||Trade creditors|||6,330|209|
||Other creditors|||51|51|
||Accruals and deferred||income|9,740|10,675|
|||||16,121|11,736|





## 

## 



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## 

## 

## 

||||||Movement|in funds||
|---|---|---|---|---|---|---|---|
|||Balance at|Resources|Balance at|Incoming|Resources|Balance at|
|||1January<br>2020f|expended|1January<br>2021<br>f|resources|expended|31<br>December<br>202Il|
|Pension deficit fund||124,554|(4,175)|120,379||(5,664)|114,715|
|Designated|Legacy Fund||||5,542||5,542|
|||124,554|(4,175)|120,379|5,542|(5,664)|120,257|



|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
|||funds|funds||funds|funds||
|||2021<br>f|2021<br>f|2021<br>f|2020<br>f|2020f|2020f|
|Fund balances at 31||||||||
|December|2021 are|||||||
|represented|by:|||||||
|Tangible assets||8,738||8,738|6,182||6,182|
|Investments||439,602|100,000|539,602|506,421||506,421|
|Current assets/(liabilities)||139,444|34,884|174,328|60,640|131,635|192,275|
|||587,784|134,884|722,668|573,243|131,635|704,878|



## 



## 

## 

## 

|22|Cash generated<br>from|operations|operations||||2021|2020|
|---|---|---|---|---|---|---|---|---|
||||||||R||
||Surplus/(deficit)<br>for the|year|||||17,791|(19,128)|
||Adjustments<br>for:||||||||
||Investment<br>income recognised||in statement||offinancial|activities|(19,351)|(19,429)|
||(Gain)/loss<br>on disposal|of investments|||||(2,658)|6,615|
||Fair value gains and losses on||investments||||(46,116)|(51,095)|
||Depreciation<br>and impairment<br>oftangible|||fixed assets|||3,516|2,582|
||Movements<br>in working|capital:|||||||
||Decrease/(increase)<br>in|debtors|||||18,774|(14,209)|
||Increase/(decrease)<br>in|creditors|||||4,385|(7,769)|
||Cash absorbed<br>by operations||||||(23,659)|(102,433)|
|23|Analysis ofchanges|in net funds|||||||
||The charity had no debt during||the year.||||||