2021-12-31-accounts - Gateway Baptist Church

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								As restated
			Unrestricted		Designated	Restricted	Total	Total
				Funds	Funds	Funds	2021	2020
			Note		8		8	f
income and eadowments		from
Donations and legacies			2	103,968	900	1,866	106,734	73,666
Incoming resources from operating
activities			3	4,620		2,079	6,699	4,665
Investments			4	3,591		47	3,638	17,045
Other			10	2,439			2,439
Total				114,618	900	3,992	119410	95,376
Expenditure oa
Grants			5		12,936	3,127	16,063	15,002
Activities directly relating to the work
ofthe church Other			6 7	93,768 2,520		1,800	95468 2,520	54,651 2,520
Total			8	96,288	12,936	4,927	114,151	72,173
Net income (expenditure)				18,330	(12,036)	(935)	5859	23,203
Transfers between funds			9	(12,036)	12,036
Other recogaised gains/Sussex)				6,294		(935)	5459	23,203
Actuarial gains/(losses)	on	defined
benefit pension			11	52			52	860
Net movement ia funds				6,346		(935)	5,411	24,063
Reconciliation offuads
Total funds brought forward				75,511	I	1,155,292	1,230,804	1,206,741
Total funds carried forward				81,857	I	1,154,357	1,236/15	1,230,804
								As restated
								Total
								2020
Reconciliation offuads								8
Original total funds brought forward Prior year adjustment (Note 21)								1,238,441 (31,700)
Restated total funds brought		forward						1,206,741

							As	restated
				Note	f	2021	f	2020 f
Fixed assets
Tangible	assets			12		675,075		674,088
Current	assets
Debtors				13	4,523		6,068
Cash at bank and in		hand		14	584,603		585,271
					589i126		591,339
Liabilities
Creditors:	Amounts	falling due
within one year				15	4,886		6,823
Net curreat assets		excluding	pension liablity			584440		584,516
						1,259415		1,258,604
Defiaed benefit peesion scheme liability				11		23,100		27,800
Total assets						1,236,215		1,230,804
Funds
Restricted				16		1,154357		1,155,292
Designated				17
Unrestricted						81,857		75,511
						1,236415		1,230,804

3	Income resources from operating	activities
		Unrestricted f	Designated f	Restricted	2021 f	2020 f
	Use ofpremises Special events and fundraising	4,620		2,079	4,620 2,079	4,275 390
		4,620		2,079	6,699	4,665
4	Investments
		Unrestricted f	Designated	Restricted f	2021 f	2020 f
	Bank interest	ll		47	58	495
	Rent received	3,580			39580	16,550
		3,591		47	3,638	17,045

Grants
		Unrestricted	Designated f	Restricted f	2021 f	2020 f
Overseas missionary work			8,036	2,129	10,165	7,655
Overseas social welfare and relief
UK Churches	and colleges
UK missions	and evangelical
workers			3,100		3,100	2,892
UK social welfare and relief			1,800	948	2,748	3,903
Communion	Fund gigs			50	50	552
			12,936	3,127	16,063	15,002

The key financial assumptions underlying the valuation	The key financial assumptions underlying the valuation	The key financial assumptions underlying the valuation	were as follows:
Type ofassumption RPI price inflation assumption				v/v pa 3.20
CPI price inflation assumption				2.70
Minimum Pensionable Income Increase Adjustment		(above CPI)		0.50
Pre-retirement assumed investment	returns (gilt yield plus 1.75'/s pa)			2.95
Post retirement assumed investment	returns (including		benefits matched	1.70
by the insurance policy) (gilt yield	plus 0.5'/o pa)
Minimum Pensionable Income increases (CPI plus 0.5/v)				3.20
Deferred pension increases (based	on RPI)
Pre April 2009				3.20
Post April 2009				2.50
Pension increases
Based on CPI with an annual	floor of0'/v and	annual cap of5'/o		2.70

				2021f	2020
Balance sheet liability at	year	start		27,800	31,700
Minus deficiency contributions		paid		(4,995)	(3,681)
Interest cost (recognised	in SOFA)			347	641
Remaining change to balance		sheet liability s (recognised	in SOFA)	(52)	(860)
Balance sheet liability at	year	end		23,100	27,800

			2021	2020	2019
Discount rate			2.00%	1,40%	2.10/a
Future increases to Minimum	Pensionable	Income	4.10%	3.20%	3.30/o

Debtors		2021	2020
Income tax	recoverable	2,536	2,111
Debtors for	goods and services	175
Prepayments	and accrued interest	1,812	3,957
		4,523	6,068


14	Bank and cash balances				2021	2020f
	National Westminster	Bank - Business Reserve Account			473i295	473,248
	HSBC Bank				Illi308	112,023
					584,603	585,271
15	Creditors: Amounts	falling due withia one year			2021	2020f
	Creditors for goods and services				1,418	4,303
	Accruals				2,520	2,520
	Other creditors				948
					4,886	6,823
16	Restricted Funds	I January	Incoming	Resources		31December
		2021f	resourcesf	expendedf	Transfers f	2021 f
	Property Fund	295,000				295i000
	Communion Fund	5,645	118	(50)		5,713
	New Building Fund	854,647	797	(1,800)		853,644
	Offerings		810	(810)
	Special events and fundraising		2,079	(2,079)
	Tax refunds		188	(188)
		1,155,292	3,992	(4,927)		1,154@57
17	Designated Funds	I January	Incoming	Resources	31December
		2021f	resourcesf	expendedf	Transfers f	2021 f
	Kingdom Fund	I	900	(12,936)	12,036	I
18	Analysis ofnet assets	Fixed	Current	Current	Total	Total
		assetsf	assetsf	liabilities f	2021 f	2020f
	Restricted Funds	673,035	482,270	(948)	1,154457	1,155,292
	Designated Funds		I		I	I
	Unrestricted Funds	2,040	106,855	(27,038)	81,857	75,511
		675,075	589,126	(27,986)	1,236815	1,230,804

Total funds brought forward I January 2020			1,238,441
Pension scheme deficit liability as at I January 2020			(31,700)
Total funds restated as at I January 2020			1,206,741
Net movement in funds before Prior year adjustment			20,163
Prior year adjustment (see below)			3,900
Total funds carried forward 31 December 2020 restated			1,230,804
Prior year adjustment
Deficiency contributions paid (was included	in Pastoral care)		3,681
Interest cost (recognised in SOFA) (included	in Finance)		(641)
Actuarial gain on re-measurement ofliability	(recognised	in SOFA)	860
			3,900