OpenCharities

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

2021-12-31-accounts

CHIPPING SODBURY BAPTIST CHURCH

FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2021

Charity registration number: 1129527

1

CHIPPING SODBURY BAPTIST CHURCH TRUSTEES’ ANNUAL REPORT YEAR ENDED 31 DECEMBER 2021

CONTENTS PAGES
Trustees’ Annual Report 3 – 15
Reference & Administrative Information 16 – 17
Independent Examiner’s Report to the Trustees 18
Statement of Financial Activities 19
Balance Sheet 20
Notes to the Financial Statements 21 – 33

2

CHIPPING SODBURY BAPTIST CHURCH TRUSTEES’ ANNUAL REPORT YEAR ENDED 31 DECEMBER 2021

The Trustees present their Annual Report and Financial Statements for the year ending 31 December 2021.

Charitable Object

The Church has a Governing Document (Constitution) and supplementary guidelines, which state that the principal purpose of the charity is:

"The advancement of the Christian faith, according to the principles of the Baptist denomination, to include the advancement of education, community service and such other general charitable purposes in such parts of the United Kingdom and the world as the Church shall determine."

Objectives and Activities

The Church priority objectives for 2021 were to:

Due to the Covid-19 pandemic, the year 2021 started off with a third National Lockdown in England. A 3-step roadway out of lockdown began on 29[th] March and culminated with all restrictions being lifted on 19[th] July (see section Response to Covid-19 pandemic). On 6[th] July the Minister gave notice to the Managing Trustees that he would be stepping away from Church Ministry on 6[th] October 2021.

The Church continued to provide a variety of activities in pursuit of the above objectives, both to the membership and to the community generally, with the aim of showing the love of Jesus Christ in both word and deed and to bring people into a closer relationship with Him as living Lord. The Church’s main activities were:

All these activities are open to anyone who wants to come. More details are given in the Activities and Performance section.

The Trustees have had due regard to the guidance published by The Charity Commission on Public Benefit when deciding the activities that the organisation should undertake. Mindful of this, the Church works towards a number of 'Core Purposes' to ensure that all activities contribute to the charitable object and in doing so provide a benefit to the public.

3

CHIPPING SODBURY BAPTIST CHURCH TRUSTEES’ ANNUAL REPORT YEAR ENDED 31 DECEMBER 2021

Strategy

The theme for 2021 was summed up in the word “Connecting”.

The Connect Strategy, which commenced in 2016 and continued in 2021, aims to encourage and empower members to connect more with God, with one another and with others in the community. In order to discern guidance and direction for the future, in 2018 the Church held a week of prayer, followed by a Vision Day.

The vision of “Growing disciples who will go and make more disciples” continued to be a focus of the Church. Useful contacts have been made through some of the activities the Church already runs; these are detailed in the next section.

In October 2021, after the resignation of Rev. Paul Harding, the Church began the process of appointing a new Minister under the guidance of Webnet moderator Tom Wharin. The Church sees the way forward as being empowered to share the love of God with the community.

Achievements and Performance

The Church does not measure the success of its programmes in numbers, (including financial numbers), but in less tangible areas like fellowship, encouragement and spiritual growth. The Trustees recognise that these are difficult to measure, but believe that the Church continues to encourage people in the development of their faith and witness and that it will be able to pursue its mission purposes with continued enthusiasm.

At the start of the year there were 189 members. During this exceptional year there were no new members, and we were unable to celebrate any baptisms. Unfortunately, 8 of our members died during the year, 5 resigned and 1 transferred to the Associate List. On 31st December 2021 the membership therefore stood at 175.

The Church has five Core Purposes; Care, Grow, Serve, Share and Worship. Each area has continued to develop during the year in furtherance of the Charity’s aims. However, the way that this was carried out was significantly impacted by the Covid-19 pandemic restrictions.

Care

Sue Pearce is a full-time worker with responsibility for pastoral care and works with a small team to make sure that members and friends of the Church are supported when they find themselves confronted by life’s difficulties. Those who have contact with children and vulnerable adults undergo the appropriate statutory checks and training. Caring for each other and those in the local community is a core ministry at CSBC and the whole Church is encouraged to be actively involved.

The Care Groups provide an opportunity for Bible study, prayer and pastoral support. All new members are encouraged to join such a group and introduce friends. These groups form a key element in meeting the pastoral needs of members and friends.

4

CHIPPING SODBURY BAPTIST CHURCH TRUSTEES’ ANNUAL REPORT YEAR ENDED 31 DECEMBER 2021

There are programmes to visit those who cannot easily get out to Church and practical and spiritual support can be offered to those who are struggling with bereavement or illness.

The Memory Café continued successfully in partnership with other local organisations as a support for those affected by dementia, either as a result of a diagnosis or because of caring responsibilities.

In September 2021 the church hall was opened as a ‘safe space’ for anyone to pop in. People could have a quiet time, chat together or chat to an Oasis host. Refreshments were available.

Grow

The numerical growth of the Church is something much to be desired and so is the growth in understanding and love of the Lord by members – something less easily measured. However, the preaching of our Minister (until October), the Elders and others on Sunday mornings continues to be stimulating, challenging and well-received.

The Care Groups are a key area where members may expect to find ways to learn and move forward in faith and there are regular meetings between the Elders and those who lead those groups.

Under the leadership of Judith Clack, who coordinates the prayer life of the Church, there has been increasing engagement by members with this important element of the corporate life of the family, with resulting benefits. The Saturday morning Prayer Meeting, held once a month, is now firmly established and well supported. There is also a midweek evening prayer meeting and some of the men meet regularly for prayer early on Monday mornings.

Rachel Price, our Children and Young Families worker, has continued to develop the role under the guidance of Rev. Paul Harding and the Leadership.

Serve

The office, with a variety of administrative functions, is headed by Lynn du Toit. She continues to oversee the smooth running of the organisation and also serves the different leadership teams. A team of volunteers is on duty when the office is open to welcome any visitors and assist with the 'Information Hub' in the foyer. This allows the office team to fulfil their roles more efficiently. Cleaning of the Church building continues to be carried out by volunteers.

Graham Pettipher continued to take responsibility for Health & Safety until July 2021 when he was succeeded by Dave Marshall. Ian Cann, as Ministry Team Leader for fabric and buildings, has been addressing maintenance and improvement issues and reporting regularly to the Leadership. Ian also led a dedicated team of volunteers who readied the Manse so it can be let during the Pastoral Vacancy. There is a small team of volunteers making sure any fabric issues are appropriately addressed and the Church burial ground and gardens are maintained in good order by committed volunteers. The Church grounds are often used by members of the public seeking a peaceful spot to spend time during the day.

5

CHIPPING SODBURY BAPTIST CHURCH TRUSTEES’ ANNUAL REPORT YEAR ENDED 31 DECEMBER 2021

Share

This area of the Church’s activity aims to engage with the world outside its own walls locally, nationally and internationally.

Locally and nationally, the Church has continued to deliver and support charitable and social activities, making good use of the recently developed premises, where appropriate.

Many of the following regular Church activities were severely disrupted by Covid-19 and the National lockdowns but some have now restarted.

Nationally, the Church contributes to the Baptist Union's Home Mission Fund, to initiate, sustain and support work in a variety of areas in the UK where otherwise lack of funding would make such projects impossible and, coming under the umbrella of the West of England Baptist Association, we have the opportunity to share with other Baptist fellowships in the immediate area. Speakers from other national organisations are also invited to CSBC occasionally.

Internationally, the Church supports a number of organisations and individuals:

6

CHIPPING SODBURY BAPTIST CHURCH TRUSTEES’ ANNUAL REPORT YEAR ENDED 31 DECEMBER 2021

There are other activities run under the auspices of the Church, and involving members, to which anyone may come, all intended to broaden the appeal of Christ and the Church to all in the community.

Worship

Central to the work and witness of the Church is the provision of regular public services of Christian worship and it remains a vital expression of the Church’s life. The Church seeks to be a friendly and welcoming community and anybody, whatever the level of their faith or background, is very welcome to attend any of the services. During the Covid-19 lockdowns, Church services were livestreamed and then made available online as recordings.

Usually, there is a full children’s programme (WonderZone) during Sunday morning worship, including a crèche.

The musical part of the worship on Sunday mornings draws upon the gifts of a number of talented musicians. Music is generally vibrant, varied and delivered with accomplishment. The move back to one service on Sunday mornings has been continued.

Preaching is challenging and helpful; prayer and intercession allow worshippers to reflect and address the concerns that life brings. Different preaching series throughout the year included those based on ‘the hard sayings of Jesus (He said What!)’ and COP26.

Our Traditional service, held once a month on a Sunday afternoon, has attracted a number of older folk from the community. Other services (such as Maundy Thursday, Good Friday, Christmas Eve, etc.) are advertised in the weekly news sheet and on the website at www.cs-bc.org.uk

Messy Church resumed in September and is held once a month on a Sunday afternoon, seeking to attract young families who have no other connection to the Church. Post Covid-19 numbers had dropped but are beginning to pick up again. Christmas Messy Church was online due a local Covid-19 outbreak. Messy Church is sustained by a Church team of organisers, helpers and caterers.

Since restarting our normal Sunday morning services, we average between 60 and 80 people, with 10 to 15 children on a typical week. Some members still prefer not to mix in larger groups and watch online. Our traditional Sunday afternoon service usually averages around 20 – 30 people.

7

CHIPPING SODBURY BAPTIST CHURCH TRUSTEES’ ANNUAL REPORT YEAR ENDED 31 DECEMBER 2021

RESPONSE TO THE COVID-19 PANDEMIC

Third National lockdown in England, from 6[th] January, easing of restriction on 8[th] March, 9[th] March, 17[th] May and all restrictions lifted on 19[th] July .

The Managing Trustees and Leadership followed the rapidly changing UK Government and Baptist Union advice on Coronavirus throughout the period. Decisions were made to close, restart or reduce various church activities in accordance with the easing of restrictions.

Meetings

The planned Managing Trustees and Leadership Meetings continued via video conferencing. Face to face meetings resumed June 2021.

Ministry Team Co-ordinator’s meetings were held in March via video conferencing and in August in the church.

Church Members’ Meetings were held in April via video conferencing, but the July and November meeting were in the church.

There was no Leadership Retreat in 2021.

- Planning for re opening

A considerable amount of work was carried out in order to prepare for the possible/eventual reopening of the Church for worship and some other activities. This was made more difficult due to the changing circumstances and Government/ Baptist Union advice.

Services, Study and Prayers

During lockdown, Sunday Morning Services continued to be livestreamed on YouTube and Zoom. The Church members are grateful to the team that made this happen week in week out for many months. The first attended service this year held at the Church was on 4th July.

The monthly traditional service was not held until July, but it was livestreamed.

A weekly Thursday morning and evening bible study via Zoom continued until restrictions on meetings were lifted.

A weekly Wednesday morning Word and Worship was delivered using Zoom until restrictions on meetings were lifted.

Weekly Wednesday evening and monthly Saturday morning prayers continued and were held virtually via Zoom.

8

CHIPPING SODBURY BAPTIST CHURCH TRUSTEES’ ANNUAL REPORT YEAR ENDED 31 DECEMBER 2021

Pastoral Care

Sue Pearce worked with a number of helpers and Care Group Leaders to ensure that contact was kept with Church Members. Gift Bags were sent to the more isolated members including a prayer book or plant and cakes. Care Groups continued to meet virtually via Zoom until restrictions were eased.

When permitted, staff offered to meet Church Members in the Church gardens and staff used each other plus their own social contacts for their personal support.

Children and Young Families

The Edge restarted in May.

Messy Church – Gift bags containing, family care packages, crafts/prayer activities and back to school packs were sent out.

Frog Club was renamed Wonder Zone and restarted in September.

The annual Holiday Bible Club was not held during 2021.

Footsteps – it was difficult to maintain direct links with families as contact details are not collected; information was posted on the Footsteps Facebook page.

Community

Although the Church Building was closed for many months for regular activities, it was used for some activities which helped the Community and Church Members:

A community project developed by Yate and Sodbury Neighbourhood Scheme (YSNS), churches and other community-based organisations specifically to provide support for children, seniors and the vulnerable during Covid-19 restrictions.

The Future

The Church is emerging from the Covid-19 pandemic and taking the opportunity to focus on connecting with each other and the local community. It seeks to appoint a Minister who will support and enable this to happen.

9

CHIPPING SODBURY BAPTIST CHURCH TRUSTEES’ ANNUAL REPORT YEAR ENDED 31 DECEMBER 2021

Financial Review

Martin Green is the Church Treasurer and a Managing Trustee. Various finance tasks were delegated to the Finance Team under the supervision of the Treasurer. The tasks are: counting offerings, banking, Gift Aid administration, utilities, insurance, financial transactions and bookkeeping.

A budget was approved by the Managing Trustees and regular financial reports, including an analysis of income and expenditure against budget and cashflow forecasts were produced, so that the finances can be monitored throughout the year. Summary reports were presented when church meetings were held, although this continued to happen less regularly during 2021 due to Covid-19.

Unrestricted expenditure on charitable activities (‘General Funds’) increased by 10% during the year to £195,885 (2020: £178,120). This increase almost reversed the 9% reduction in 2020 as activities as started to reopen, as equipment (copier/printer and a PC) were updated and the boiler was replaced.

General income decreased by 3% to £183,106 (£2020 189,667) over the same period and the Managing Trustees report an excess of expenditure over income of £12,779 during the year in the General Fund (2020: excess of income over expenditure of £11,547). This was within the budgeted deficit of £14,177 for the year.

The church also operates a restricted Building Fund into which members and supporters make regular donations. These enable the church to repay loans taken out for the buildings work. These donations are pledged for period of up to 10 years and have been utilised during the year for these purposes. The extensive redevelopment of the church buildings was mainly completed during 2016 within the budgeted figure. Payments have continued from the restricted Buildings Fund towards the loan taken out in 2015 with the Baptist Building Fund (£150,000 interest free over 10 years).

The remaining surpluses on the Buildings Fund are being built up to ensure funds are available to repay several members who have made interest-free loans for up to 10 years, and to make a thankoffering payment to the Baptist Building Fund when the loan repayment to them is complete. This approach will help to replenish the Church’s cash reserves to the target level (see below).

Reserves

The Managing Trustees have adopted the Charity Commission guidance for the Church’s Reserves Policy and aim to maintain a minimum of three months’ general operating costs as the minimum unrestricted reserves cash balance, Given the relatively predictable levels of general expenditure, they feel this is sufficient to cover any unforeseen drops in income or unexpected non-budgeted expenditure. Given the value of the tangible fixed assets (property valued in excess of £2.4m), the feel the Church has more than sufficient funds to allow the orderly closedown of the organisation in the unlikely event that the Church ceased to operate as a going concern.

The General Budget for 2022 has been set at £198,506, which means that the target unrestricted cash reserves level is £49,515. The unrestricted general (free) cash reserves as of 31 December 2021 stood at a £60,207 (2020: £98,075); which is in target.

10

CHIPPING SODBURY BAPTIST CHURCH TRUSTEES’ ANNUAL REPORT YEAR ENDED 31 DECEMBER 2021

Bearing in mind the current levels of income and expenditure, the levels of reserves held (including property assets), and the nature of the pledged donations being made to the Building Fund, the Managing Trustees consider that the charity remains in a health financial situation and is a secure ongoing concern.

Remuneration of key management personnel

Salary levels of the key management personnel have been set by considering a number of relevant factors such as the minimum stipend recommended by the Baptist Union, the levels of experience deemed necessary to undertake a particular role and comparative salaries within similar organisations. A cost-of-living increase is considered by the Managing Trustees each year in line with the recommendation made by the Baptist Union. As part of the process to appoint a new minister, the salary level for that post will be reviewed by the Managing Trustees during 2022.

Risk management

Reflecting the increased responsibilities placed on the Trustees as a result of FRS102 financial reporting standards, the Trustees have introduced an on-going programme of regular review of the key risks to the Charity under the following headings:

They have also introduced a more formal, documented risk register to identify the key areas of risk that may be faced by the Church and mitigating actions taken or planned to minimise the likelihood of them occurring. This is to be reviewed as required, but not less than annually.

Some of the key risks identified (and the resulting mitigating actions) are as follows:

Risks to vulnerable people/people at risk:

11

CHIPPING SODBURY BAPTIST CHURCH TRUSTEES’ ANNUAL REPORT YEAR ENDED 31 DECEMBER 2021

Financial risk:

Health & Safety:

12

CHIPPING SODBURY BAPTIST CHURCH TRUSTEES’ ANNUAL REPORT YEAR ENDED 31 DECEMBER 2021

Future Plans:

Aim for 2022: To appoint a Minister who will enable us to connect the church, both individually and corporately, to God, each other and the world!

This will be achieved through the following goals. Following the disruption caused by the Covid-19 pandemic, these are:

For the Leadership:

For the life of Church:

Priorities for 2022

Conclusion:

Despite the Covid-19 and the resignation of the Minister, the Church continued to be focused on its vision -

Connections with the local community were strengthened and the continued employment of a full time Children and Young Families worker has consolidated our commitment to connecting with people of all ages.

We are encouraged by all of this and feel that, while there is still work to be done, we are indeed fulfilling our mission to ‘be the people of God in our community, sharing His love with all.’

13

CHIPPING SODBURY BAPTIST CHURCH TRUSTEES’ ANNUAL REPORT YEAR ENDED 31 DECEMBER 2021

Looking back on our priority objectives for 2021, we can with confidence say that we are working hard to succeed in all areas and will continue to do so throughout 2022.

2022 promises to be a challenging year as seek to appoint a Minister, restart ministries to enable us to re-engage with and support our local community.

Structure, Governance and Management

Members of the Church are accepted in accordance with the Governing Document and supplementary guidelines, which requires them to be or to have been publicly baptised on profession of faith in Jesus Christ, or, if not baptised, to renew their public profession of faith in Jesus Christ.

The Church members’ meetings have responsibility for the overall spiritual policy in the life of the Church, although the legal responsibility rests with the Managing Trustees.

In accordance with the Governing Document and supplementary guidelines, the members appoint up to Elders (who are also Managing Trustees), plus two additional Managing Trustees, one of whom serves as Secretary and one who serves as Treasurer. Together with the Minister (also a Trustee), the Pastoral Care Worker, and the Children and Young Families worker (who are both paid employees and not Trustees) they are collectively known as the Leadership.

The Leadership is responsible for the overall vision of the Church, the day to day running of the Church’s work and witness and the financial and legal aspects of the Church.

All members are encouraged to take an appropriate part in the spiritual and practical tasks involved in the furtherance of the Church’s charitable objectives. Relevant matters may be submitted to the Church meeting by the Trustees for guidance, or may be raised by members at a Church meeting for further consideration by the Trustees.

Though the Governing Document and supplementary guidelines permit decisions to be made at Church meetings by appropriate majorities, the Church seeks to work by consensus wherever possible.

Trustees

The appointments of Managing Trustees and other governing rules are set out in the Church Governing Document (Constitution) and a supplementary document both of which were accepted by the Church meeting on 11th March 2009 and updated on 24[th] November 2021 to allow Church Members’ Meetings to be held by suitable electronic means or by a combination of a physical meeting and suitable electronic means in exceptional circumstances. In addition, a resolution was passed approving an amendment to the Constitution at a Special Church Meeting held on 13 April 2016, separating the roles of Secretary and Treasurer so that they are Managing Trustees but not Elders.

14

CHIPPING SODBURY BAPTIST CHURCH TRUSTEES’ ANNUAL REPORT YEAR ENDED 31 DECEMBER 2021

The appointments are not time limited for the Minister, whilst Elders and Managing Trustees are appointed for terms of three years with eligibility for re-appointment.

Statement of trustees’ responsibilities

The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in [England & Wales/Scotland/Northern Ireland] requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed/constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

15

CHIPPING SODBURY BAPTIST CHURCH REFERENCE & ADMINISTRATIVE INFORMATION YEAR ENDED 31 DECEMBER 2021

The Charity

Chipping Sodbury Baptist Church, High Street, Chipping Sodbury, Bristol, BS37 6AH, was registered as a Charity in May 2009 (Charity No. 1129527). The West of England Baptist Trust Company acts as the Custodian Trustee for the material assets of the Church whilst the day-to-day running of the Church is entrusted to the Managing Trustees that comprise the Minister, Elders, Secretary and Treasurer.

Managing Trustees, Elders and Officers who served during 2021 (and to the date of this report) were:

----- Start of picture text -----
Name Position Date appointed Date
resigned
Mr Adam Blake Elder and Managing Trustee 24/08/2022
Mrs Judith Clack Elder and Managing Trustee 28/08/2019 31/12/2020
Mrs Karen Cook Church Secretary and 28/07/2021
Managing Trustee
Mr Damyon English Elder and Managing Trustee 24/11/2021
Mr Roger Goodrum Elder and Managing Trustee 24/11/2021
Mr Michael Graham Elder and Managing Trustee 21/04/2021
Mr Martin Green Church Treasurer and 13/04/2016
Managing Trustee 27/08/2019
24/08/2022 reappointed
Mr Ewan Hackett Elder and Managing Trustee 21/04/2021
Rev Paul Harding Ministry Team Leader and 01/02/2012 06/10/2021
Managing Trustee
Mrs Rebecca Jones Elder and Managing Trustee 24/08/2022
Dr David Marshall Elder and Managing Trustee 28/08/2019 24/08/2022
Mr John Ottaway Church Secretary and 13/04/2016 22/08/2018
Managing Trustee
Elder and Managing Trustee 23/05/2018 24/08/2022
21/04/2021 reappointed
Dr Graham Pettipher Church Secretary and 22/08/2018 28/07/2021
Managing Trustee
Ms Amanda Scoltock Elder and Managing Trustee 24/08/2022
Mrs Vivien Weatherley Elder and Managing Trustee 28/08/2019 24/08/2022
----- End of picture text -----

16

CHIPPING SODBURY BAPTIST CHURCH REFERENCE & ADMINISTRATIVE INFORMATION YEAR ENDED 31 DECEMBER 2021

Property Trustees West of England Baptist Trust Company (Charity No. 1092446), 46 Ravenhead Drive, Bristol, BS14 9AU.

Bankers National Westminster Bank Plc, 77 Broad Street, Chipping Sodbury BS37 6AE.

Independent Examiner Joshua Kingston BSc. ACA, Burton Sweet Limited, The Clock Tower, 5 Farleigh Court, Old Weston Road, Flax Bourton, Bristol, BS48 1UR.

Exemption from Disclosure None

Funds held as Custodian Trustees on behalf of others None

Karen Cook 18 October 2022 Church Secretary and Managing Trustee

17

CHIPPING SODBURY BAPTIST CHURCH INDEPENDENT EXAMINER’S REPORT YEAR ENDED 31 DECEMBER 2021

Independent examiner’s report to the trustees of Chipping Sodbury Baptist Church

I report to the trustees on my examination of the accounts of Chipping Sodbury Baptist Church (the Charity) for the year ended 31 December 2021.

Responsibilities and basis of report

As the charity trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Joshua Kingston, BSc, ACA Burton Sweet Limited The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR

Date: 18 October 2022

18

CHIPPING SODBURY BAPTIST CHURCH STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2021

Note
Income from:
Donations and legacies
2
Other trading activities
3
Charitable activities
4
Investment income
Total income
Expenditure on:
Charitable activities
5
Total expenditure
Net income/(expenditure)
Transfers between funds
Gains/(losses) on revaluation of
investment assets
11
Gains/(losses) on revaluation of
fixed assets
10
Net movement in funds
6
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
15		 Unrestricted
Restricted
Total
Total
Funds
Funds
2021
2020
£
£
£
£
180,194
41,709
221,903
225,696
1,501
-
1,501
1,284
457
-
457
2,780
954
8
962
1,079
183,106
41,717
224,823
230,839
195,885
6,075
201,960
182,038
195,885
6,075
201,960
182,038
(12,779)
35,642
22,863
48,801
806
(806)
-
-
-
3,218
3,218
(1,738)
45,000
-
45,000
55,000
33,027
38,054
71,081
102,063
2,498,828
66,850
2,565,678
2,463,615
2,531,855
104,904
2,636,759
2,565,678

The comparative funds are detailed in note 17

The notes on pages 21 to 33 form part of these financial statements

19

CHIPPING SODBURY BAPTIST CHURCH BALANCE SHEET AS AT 31 DECEMBER 2021

Notes
Fixed assets
Tangible assets
10
Investments
11
Current assets
Debtors
12
Cash at bank
Current liabilities
Creditors: amounts falling due within one year
13
Creditors: amounts falling due over one year
14
Net assets
Funds of the charity
Restricted funds
Unrestricted funds
Total funds
16		 2021
2020
£
£
2,557,028
2,512,028
49,167
45,046
2,606,195
2,557,074
3,257
3,858
132,070
136,207
135,327
140,065
(16,763)
(18,461)
118,564
121,604
(88,000)
(113,000)
2,636,759
2,565,678
104,904
66,850
2,531,855
2,498,828
2,636,759
2,565,678

These financial statements were approved by the trustees on 18 October 2022 and are signed on their behalf by:

Martin Green Treasurer and Managing Trustee

The notes on pages 21 to 33 form part of these financial statements

20

CHIPPING SODBURY BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2021

1 Accounting Policies

a) General

The financial statements have been prepared in accordance with the historical cost convention (except for investments which have been included at fair value and in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019.

The accounts (financial statements) have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Along with other similar charities and organisations, the COVID-19 pandemic after the year end has brought many uncertainties to the global economy. The impact of this on the charity is highlighted in further detail within the Trustees' annual report. Notwithstanding these uncertainties, the Trustees have chosen to prepare the financial statements on a going concern basis given the free reserves held by the charity and the careful planning of the Trustees.

The charity meets the definition of a Public Benefit entity under FRS 102.

b) Income & Expenditure

Donations that are given to the Church are accounted for gross when received. Investment income is accounted for in the year in which it is receivable.

There are no raising funds and publicity costs attributable to specific income as the Church does not aim to incur costs in publicising projects for fund raising.

Grants made by the Church to other organisations are given where their charitable objectives complement the Church's work. They are accounted for in the year at the earlier of being paid or communicated to recipient.

Expenditure is accounted for on an accruals basis and have been classified under headings that aggregate all costs related to the category. Expenditure includes attributable VAT which cannot be recovered.

Legacies when applicable are accounted for when the receipt is certain and properly quantified.

c) Fixed Assets

The Freehold property consists of land, manse and the church buildings. The properties are valued at deemed cost, with revaluations being equal to the cost of additions/enhancements. The buildings are adequately maintained and as a result have an indefinitely long life, so no depreciation is being charged upon them.

All other assets are written off in the year of purchase and therefore do not attract depreciation.

d) Investments

All investments are quoted at market value as at 31/12/21. The investments are managed on an advisory basis to achieve a balanced return from income and capital growth accepting a moderate level of risk. The Church has followed the Baptist Union of Great Britain Investment Policy for ethical investments which restricts investment in companies with significant trading interests in armaments, alcohol, gambling or tobacco. Significant trading is classified as being greater than 5% of all activity. The Church uses the advice of Charles Stanley as professional investment managers to fulfil its investment objectives.

21

CHIPPING SODBURY BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) YEAR ENDED 31 DECEMBER 2021

1 Accounting Policies ( continued )

e) Funds

Unrestricted funds can be used in accordance with the charitable objects at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Expenditure which meets these criteria is charged to the fund, together with a fair allocation of management and support costs. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2 Donations and legacies

General offerings
Gift aid/covenants
Gift aid/Covenants - tax refunds
Prior year comparative
General offerings
Gift aid/covenants
Gift aid/Covenants - tax refunds
Other trading activities
Bookings
Shop sales		 Unrestricted
Restricted
Total
Funds
Funds
2021
£
£
£
26,765
16,503
43,268
120,931
20,160
141,091
32,498
5,046
37,544
180,194
41,709
221,903
Unrestricted
Restricted
Total
Funds
Funds
2020
£
£
£
34,867
16,406
51,273
115,375
19,282
134,657
34,333
5,433
39,766
184,575
41,121
225,696
Unrestricted
Restricted
Total
Total
Funds
Funds
2021
2020
£
£
£
£
1,501
-
1,501
1,131
-
-
-
153
1,501
-
1,501
1,284

All other trading activites in 2020 were unrestricted.

22

CHIPPING SODBURY BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) YEAR ENDED 31 DECEMBER 2021

4 Income from charitable activities

Little Fishes/Footsteps
Women's Own
Zuumba
Luncheon Club
Concerts and events
Ladies Brunch
Interment fee		 Unrestricted
Restricted
Total
Total
Funds
Funds
2021
2020
£
£
£
£
-
-
-
745
-
-
-
102
-
-
-
763
137
-
137
806
-
-
-
72
170
-
170
292
150
-
150
-
457
-
457
2,780

All charitable activites in 2020 were unrestricted.

5 Expenditure on charitable activities

Grants Paid
Home Mission
BMS
Other
Activities Undertaken Directly
Leadership
Worship
Grow, Care, Small Groups and Seniors
Youth and children
Luncheon Club
Prayer
Wages and staff costs
Support Costs
Building services
Repairs and maintenance
Administration
Independent examiner's fee
Total charitable activities		 Unrestricted
Restricted
Total
Funds
Funds
2021
£
£
£
9,081
-
9,081
9,091
-
9,091
3,278
-
3,278
21,450
-
21,450
-
-
-
135
-
135
517
3,252
3,769
500
-
500
4
-
4
209
-
209
117,745
-
117,745
119,110
3,252
122,362
11,509
-
11,509
24,411
2,823
27,234
17,075
-
17,075
2,330
-
2,330
55,325
2,823
58,148
195,885
6,075
201,960

23

CHIPPING SODBURY BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) YEAR ENDED 31 DECEMBER 2021

5 Expenditure on charitable activities (continued)

Previous year's comparatives

----- Start of picture text -----
||||| |---|---|---|---| |Unrestricted|Restricted|Total| |Funds|Funds|2020| |£|£|£| |Grants Paid| |Home Mission|8,898|-|8,898| |BMS|8,898|-|8,898| |Other|3,064|140|3,204| |20,860|140|21,000| |Activities Undertaken Directly| |Leadership|299|-|299| |Worship|376|-|376| |Grow, Care, Small Groups and Seniors|861|745|1,606| |Youth and children|1,225|-|1,225| |Luncheon Club|14|-|14| |Special Events|45|-|45| |Women's Own|655|-|655| |-| |Wages and staff costs|120,918|120,918| |124,393|745|125,138| |Support Costs| |-| |Building services|10,642|10,642| |Repairs and maintenance|4,408|1,981|6,389| |Administration|16,145|1,052|17,197| |-| |Independent examiner's fee|1,672|1,672| |32,867|3,033|35,900| |Total charitable activities|178,120|3,918|182,038|

----- End of picture text -----

6 Net income/(expenditure) for the year

----- Start of picture text -----
|||| |---|---|---| |This is stated after charging:|Total|Total| |2021|2020| |£|£| |Independent examiner's fee|2,330|1,672| |Trustees' remuneration|32,491|42,124| |Trustees' expenses|167|343|

----- End of picture text -----

The Trustee Rev P Harding received remuneration during the year of £32,491 (2020: £42,124). This includes the employer's payment of pension contributions. This is permitted by the trust deed.

1 Trustee (2020: 1) received £167 (2020: £343) for out of pocket expenses.

24

CHIPPING SODBURY BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) YEAR ENDED 31 DECEMBER 2021

7 Staff costs and numbers

Gross wages
Employers NIC
Employers Pension		 Total
Total
2021
2020
£
£
100,184
103,645
5,264
5,475
12,297
11,798
117,745
120,918

No employee received emoluments of more than £60,000. Total remuneration received by key management personnel amounts to £32,491 (2020: £42,124)

The average weekly number of employees during the year (head count) was 4 (2020: 4).

Pension Contributions

The church makes pension contributions to the Baptist Ministers' Pension Trust Limited on behalf of the Minister. The contribution of 12% by the Church for the Minister is based on his gross stipend plus an allowance for living accommodation which is predetermined each year by the Pension Trust.

The Minister has made a personal contribution of 6% on the same basis.

The Baptist Ministers' Pension Trust Limited operates a defined benefit pension scheme.

As there is a large number of contributing employers participating in the Scheme, the Church is unable to identify its share of the underlying assets and liabilities of the scheme. Accordingly, due to the nature of the Scheme, the profit and loss charge for the period represents the employer contributions payable. The total pension cost for the Church is £12,297 (2020: £11,798).

The church contributes to a stakeholder pension for the Pastoral Care Team Leader, Mrs Susan Pearce whereby it contributes 10% of her gross pay (excluding a salary uplift paid in lieu of the provision of housing). Contributions of 5% of gross pay were also paid to stakeholder pensions for the Office Manager, Ms Lynn du Toit and the Young Families Worker, Ms Rachel Price.

8 Defined benefit pensions

Background

The Church is an employer participating in a pension scheme known as the Baptist Pension Scheme (“the Scheme”) which is administered by the Pension Trustee (Baptist Pension Trust Limited). The Scheme is a separate legal entity and the assets of the Scheme are held separately from those of the Employer and the other participating employers.

For any month, each participating employer in the Scheme pays contributions as set out in the Schedule of Contributions in force at that time.

The Scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This is because it is not possible to attribute the Scheme’s assets and liabilities to specific employers and means that contributions are accounted for as if the Scheme were a defined contribution scheme. The pensions costs charged to the SoFA in the year are contributions payable towards benefits and expenses accrued in that year, plus any impact of deficiency contributions (see below).

25

CHIPPING SODBURY BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) YEAR ENDED 31 DECEMBER 2021

8 Defined benefit pensions (continued)

The Ministers are eligible to join the Scheme.

From January 2012, pension provision is being made through the Defined Contribution (DC) Plan within the Scheme. In general, members pay 8% of their Pensionable Income and employers pay 6% of members’ Pensionable Income into individual pension accounts, which are operated and managed on behalf of the Pension Trustee by Legal and General Life Assurance Society Limited. In addition, the employer pays a further 4% of Pensionable Income to cover Death in Service Benefits, administration costs, and an associated insurance policy which provides income protection for Scheme members in the event that they are unable to work due to long-term incapacity. This income protection policy has been insured by the Baptist Union of Great Britain with Unum Limited. Members of the Basic Section pay reduced contributions of 5% of Pensionable Income, and their employers also pay a total of 5%.

Benefits in respect of service prior to 1 January 2012 are provided through the Defined Benefit (DB) Plan within the Scheme. The main benefits for pre-2012 service were a defined benefit pension of one eightieth of Final Minimum Pensionable Income for each year of Pensionable Service, together with additional pension in respect of premiums paid on Pensionable Income in excess of Minimum Pensionable Income. The Scheme, previously known as the Baptist Ministers’ Pension Fund, started in 1925, but was closed to future accrual of defined benefits on 31 December 2011.

Actuarial valuation as at 31 December 2019

A formal valuation of the Defined Benefit (DB) Plan was performed at 31 December 2019 by a professionally qualified Actuary using the Projected Unit Method. The market value of the DB Plan assets at the valuation date was £298 million.

The valuation of the DB Plan revealed a deficit of assets compared with the value of liabilities of £18 million (equivalent to a past service funding level of 94%). The Church and the other employers supporting the DB Plan are collectively responsible for funding this deficit.

The key financial assumptions underlying the valuation were as follows:

----- Start of picture text -----
||| |---|---| |Type of Assumption|% pa| |RPI price inflation assumption|3.20%| |CPI price inflation assumption|2.70%| |Minimum Pensionable Income increases (CPI plus 0.75% pa)|3.20%| |Assumed investment returns| |- Pre-retirement|2.95%| |- Post retirement|1.70%| |Deferred pension increases| |- Pre April 2009|3.20%| |- Pre April 2010|2.50%| |- Post April 2009|2.50%| |Pension increases| |- Main Scheme pension|2.70%|

----- End of picture text -----

Post–retirement mortality in accordance with 80% of the S3NFA and S3NMA tables, with allowance for future improvements in mortality rates from 2013 in line with the CMI 2019 core projections, with a long term annual rate of improvement of 1.75% for males and 1.5% for females, with the core smoothing parameter and with additional initial mortality improvement factor A=0.5%.

26

CHIPPING SODBURY BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) YEAR ENDED 31 DECEMBER 2021

8 Defined benefit pensions (continued)

The next actuarial valuation of the DB Plan within the Scheme is due to take place not later than as at 31 December 2022.

Recovery Plan

In addition to the contributions to the DC Plan set out above, where a valuation of the DB Plan reveales a deficit the Trustee and the Council agree to a rate of deficiency contributions from churches and other employers involved in the DB Plan.

Under the current Recovery Plan dated 30 September 2020, deficiency contributions are payable until 30 June 2026. These contributions are broadly based on the employer's membership at 31 December 2014 and increase annually in line with increases to Minimum Pensionable Income as defined in the Rules. However, the Trustee and the Council agreed a 50% reduction for all deficiency contributions payable between 1 July 2020 and 31 December 2020.

Movement in Balance Sheet liability

Section 28.11A of FRS 102 requires agreed deficit recovery payments to be recognised as a liability. The movement in the provision is set out in the table below:

----- Start of picture text -----
|||| |---|---|---| |31 December|31 December| |2021|2020| |Accounting date (year ending):|£|£| |Balance Sheet liability at year start|25,474|40,865| |Minus deficiency contributions paid|(4,419)|(3,231)| |Interest cost (recognised in SoFA)|93|667| |Remaining change to Balance Sheet liability*| |(recognised in SoFA)|(849)|(12,827)| |Balance Sheet liability at year end|20,299|25,474|

----- End of picture text -----

*Comprises and change in agreed deficit recovery plan and change in assumptions between year-ends.

This liability represents the present value of the deficit contributions agreed as at the accounting date and has been valued using the following assumptions set by reference to the duration of the deficit recovery payments:

----- Start of picture text -----
||||| |---|---|---|---| |31 December|31 December|31 December| |Accounting date|2021|2020|2019| |Discount rate|2.0%|0.4%|1.7%| |Future increases to Minimum| |3.8%|3.0%|3.2%| |Pensionable Income|

----- End of picture text -----

9 Taxation

No provision is made for Corporation Tax, as the Charity is able to claim full statutory exemption subject to the proper application of all its charitable resources.

27

CHIPPING SODBURY BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) YEAR ENDED 31 DECEMBER 2021

10
Tangible fixed assets
Cost (Property value)
At 1 January 2021
Revaluation
At 31 December 2021
Depreciation
At 1 January 2021 and 31 December 2021
Net book value
At 31 December 2021
At 31 December 2020		 Freehold
Property
£
2,512,028
45,000
2,557,028
-
2,557,028
2,512,028		 Total
2021
£
2,512,028
45,000
2,557,028
-
2,557,028
2,512,028

Freehold properties are included in the Balance Sheet at their deemed cost, which was the open market value at 31 December 2021 as valued by the Trustees who are internal to the charity.

11 Investments

Market value as at 1 January
Unrealised gain/(loss) on revaluation
Net income/expenditure
Market Value as at 31 December
Historical cost at 31 December
Investments comprise:
Equity shares
12
Debtors
Other debtors
13
Creditors: amounts falling due within one year
Accruals
Loans repayable		 2021
2020
£
£
45,046
46,784
3,218
(1,738)
903
-
49,167
45,046
29,006
29,006
49,167
45,046
49,167
45,046
2021
2020
£
£
3,257
3,858
3,257
3,858
2021
2020
£
£
1,782
1,578
14,981
16,883
16,763
18,461

28

CHIPPING SODBURY BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) YEAR ENDED 31 DECEMBER 2021

14 Creditors: amounts falling due beyond one year

Loans repayable - Baptist building fund
Loans repayable- Individuals		 2021
2020
£
£
45,000
60,000
43,000
53,000
88,000
113,000

15 Movement in funds

Restricted funds
Hardings farewell gift
Oasis Project
Christmas gift bags
Unrestricted funds
Fixed asset funds
General funds
Revaluations
Total funds
PC or carpet
Memory Café
Investments - field fund
Building fund
Confidential (Pastoral) Fund
Cakes (During lockdown)
AV equipment for livestreaming
services		 At
Gains/
At
01-Jan
(Losses) on
31-Dec
2021
Income
Expenditure
Transfers
Revaluation
2021
£
£
£
£
£
£
28,321
8
-
-
3,218
31,547
33,871
33,554
-
-
-
67,425
405
-
(252)
-
-
153
1,984
-
-
(1,865)
-
119
119
2,765
(2,124)
-
-
760
650
-
(699)
49
-
-
1,500
-
-
-
-
1,500
-
1,990
(3,000)
1,010
-
-
-
3,300
-
-
-
3,300
-
100
-
-
-
100
66,850
41,717
(6,075)
(806)
3,218
104,904
1,850,468
-
-
25,000
-
1,875,468
114,800
183,106
(195,885)
(24,194)
-
77,827
533,560
-
-
-
45,000
578,560
2,498,828
183,106
(195,885)
806
45,000
2,531,855
2,565,678
224,823
(201,960)
-
48,218
2,636,759

Investments - We have two investments made through the West of England Baptist Association. One, known as the Field Fund because the funds originally came from the sale of a field, is a restricted fund as the donor wanted it to be used for the benefit of the minister of the church. The other smaller investment is unrestricted.

Building fund - We have modernised and developed our church buildings, partly using loans, some of which remain outstanding. One-off and ongoing pledged donations are received to pay for elements of the redevelopment work, and to cover the cost of loan repayments.

Confidential (Pastoral) Fund - From time to time the church wishes to provide confidential financial or practical support to individuals in particular pastoral need. One-off donations are received to cover the costs of doing so to add to allocations made from the general unrestricted fund for this purpose.

Cake Fund - During the 2020 lockdowns, we baked cakes and delivered them to numerous households in the are identified as being in need of support. One-off donations were received to cover the costs of doing so.

29

CHIPPING SODBURY BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) YEAR ENDED 31 DECEMBER 2021

15 Movement in funds (continued)

Audio-Visual Fund - As services couldn't be held due to Covid-19, we've invested in AV equipment to allow livestreaming on YouTube/Zoom. One-off donations were received to cover the costs of doing so.

Gombe Bibles Fund - A church member is associated with a charity in Gombe, Uganda and gave a donation of Bibles to support their work. One-off donations were received to cover the costs of doing so.

Foodbank - A donation was received to support the work of the local foodbank, which was passed on to them.

Computers - A donation was received to replace an older computer, but this wasn't purchased until after 31 December 2020.

Memory Cafe - A grant was received to support the work of the Memory Cafe. However, due to Covid-19, this hasn't yet been spent.

Hardings farewell gift - When Reverend Paul Harding left his role in October 2021, members made donations totalling £1,990 as a farewell gift. The Church added £1,010 to this and made a gift to him totalling £3,000.

Oasis Project - A donation was received towards the development of the front area of the church into 'The Oasis @CSBC'. This project starts in 2022.

Christmas gift bags - A donation was received towards the cost of gift bags for people known to the Church at Christmas. We expect the balance will be used in 2022.

Fixed Assets Fund and Revaluations - The Revaluations Fund represents fixed asset revaluations that have taken place in previous years and together with the Fixed Asset Fund, represents the net book value of the properties held less any loans related to the fixed assets.

During the year £25,000 was transferred from the general fund to the fixed asset fund; being the total loan repayments relating to the building within the year.

30

CHIPPING SODBURY BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) YEAR ENDED 31 DECEMBER 2021

15 Movement in funds (continued)

Previous year's comparatives

Restricted funds
Investments - field fund
Building fund
Foodbank
Bibles for Gombe - Uganda
PC or carpet
Unrestricted funds
Fixed asset funds
General funds
Revaluations
Total funds
Cakes (During lockdown)
AV equipment for livestreaming
services
Memory Café
Confidential (Pastoral) Fund		 At
Gains/
At
01-Jan
(Losses) on
31-Dec
2020
Income
Expenditure
Transfers
Revaluation
2020
£
£
£
£
£
£
30,008
51
-
-
(1,738)
28,321
90,326
32,545
-
(89,000)
-
33,871
-
1,150
(745)
-
-
405
-
3,036
(1,052)
-
-
1,984
-
2,100
(1,981)
-
-
119
-
70
(70)
-
-
-
-
70
(70)
-
-
-
-
650
-
-
-
650
-
1,500
-
-
-
1,500
120,334
41,172
(3,918)
(89,000)
(1,738)
66,850
1,978,468
-
-
(128,000)
-
1,850,468
(113,747)
189,667
(178,120)
217,000
-
114,800
478,560
-
-
-
55,000
533,560
2,343,281
189,667
(178,120)
89,000
55,000
2,498,828
2,463,615
230,839
(182,038)
-
53,262
2,565,678

31

CHIPPING SODBURY BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) YEAR ENDED 31 DECEMBER 2021

16 Analysis of net assets between funds

Restricted funds
Investments - field fund
Building fund
Confidential (Pastoral) Fund
Cakes (During lockdown)
AV equipment for livestreaming services
PC or carpet
Memory Café
Oasis Project
Christmas gift bags
Unrestricted funds
Fixed asset funds
Revaluation of fixed assets
General funds
Previous year's comparatives
Restricted funds
Investments - field fund
Building fund
Confidential (Pastoral) Fund
Cakes (During lockdown)
AV equipment for livestreaming services
PC or carpet
Memory Café
Unrestricted funds
Fixed asset funds
General funds		 Tangible
Net assets
Net assets
Fixed assets
Investments
< 1 Year
> 1 Year
Total
£
£
£
£
£
-
31,547
-
-
31,547
-
-
67,425
-
67,425
-
-
153
-
153
-
-
119
-
119
-
-
760
-
760
-
-
-
-
-
-
-
1,500
-
1,500
-
-
3,300
-
3,300
-
-
100
-
100
-
31,547
73,357
-
104,904
1,978,468
-
(15,000)
(88,000)
1,875,468
578,560
-
-
-
578,560
-
17,620
60,207
-
77,827
2,557,028
17,620
45,207
(88,000)
2,531,855
2,557,028
49,167
118,564
(88,000)
2,636,759
Tangible
Net assets
Net assets
Fixed assets
Investments
< 1 Year
> 1 Year
Total
£
£
£
£
£
-
28,321
-
-
28,321
-
-
33,871
-
33,871
-
-
405
-
405
-
-
1,984
-
1,984
-
-
119
-
119
-
-
650
-
650
-
-
1,500
-
1,500
-
28,321
38,529
-
66,850
2,512,028
-
(15,000)
(113,000)
2,384,028
-
16,725
98,075
-
114,800
2,512,028
16,725
83,075
(113,000)
2,498,828
2,512,028
45,046
121,604
(113,000)
2,565,678

32

CHIPPING SODBURY BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) YEAR ENDED 31 DECEMBER 2021

17 Comparative funds note

Income from:
Donations and legacies
Other trading activities
Charitable activities
Investment income
Total income
Expenditure on:
Charitable activities
Total expenditure
Net income/(expenditure)
Transfer between funds
Gains/(losses) on revaluation of investment assets
Gains/(losses) on revaluation of fixed assets
Net income/(expenditure) and net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
Restricted
Total
Funds
Funds
2020
£
£
£
184,575
41,121
225,696
1,284
-
1,284
2,780
-
2,780
1,028
51
1,079
189,667
41,172
230,839
178,120
3,918
182,038
178,120
3,918
182,038
11,547
37,254
48,801
89,000
(89,000)
-
-
(1,738)
(1,738)
55,000
-
55,000
155,547
(53,484)
102,063
2,343,281
120,334
2,463,615
2,498,828
66,850
2,565,678

33