2021-08-31-accounts

inancial Review
	General Fund	Organisations	Church	Total	2020 Total
			Building
			(net)
Income	f218,569	E7,484	fO	E226,053	f251,157
Resources expended	E253,326	f5,395	EO	E258,721	f288,719
Made up of Mission	E45,945	f5,395	fO	E51,340	f65,735
Ministry Establishment	E103,964 f103,418	EO fO	fO EO	E103,964 E103,418	f105,771 f117,213
Governance	EO	EO	fO	fO	f0
Net movement	-f34,757	E2,089	fO	-f32,668	-E37,562
Capitalisation	E56,805	EO	-f56,805	EO	f0
Revaluation of	EO	EO	EO	fO	f0
manse Pension scheme	E13,503	EO	fO	E13,503	f1,122
adjustment Brought forward Carried forward	E952,594 f988,144	E17,297 E19,386	E2,168,600 E2,111,795	E3,138,490 f3,119,325	f3,174,930 E3,138,490

	Notes					2021	2020
Incoming Resources		Unrestricted E	Designated f	Restricted f	Endowed E	Total f	Total E
Donations and legacies Investment Income		216,198 141	2,230 0	7,484 0		225,913 141 0	250,541 615 0
Total Incoming Resources		216,339	2,230	7,484	0	226,053	251,156
Resources Expended
Cost of generating Funds			0	0
Charitable Activity: Mission Ministry Administration/Support Governance		3,300 103,964 103,418 0	42,645 0 0 0	5,395 0 0 0		51,340 103,964 103,418 0	65,735 105,771 117,213 0
Total Resources Expended	8	210,681	42,645	5,395	0	258721	288,720
Net Movement in Funds		5,658	-40,415	2,089	0	32668	37563
Transfers between Funds
Missionary Causes	9	-39,806	39,806
11 17/19 Other recognised gains/(losses) Revaluation ofManse Depreciation of Building Actuarial gains/losses on		0 56,805 13,503			-56,805	0 0 13,503	0 0 1,122
BU pension scheme		36,159	-609	2,089	-56,805	-19,166	-36,441
Reconciliation ofFunds
Total Funds brought forward	18	944,568	8,026	17,297	2,168,600	3,138,490	3,174,931
Total Funds carried forward	18	980,727	7,417	19,386	2,111,795	3,119,325	3,138,490

					Balance Sheet at		31Aug 2021
					Unrestricted	Designated	Restricted	Endowed	Totals	2020
				Notes
Tangible		Fixed Assets
General	Fund				1,049,958				1,049,958	1,050,413
Building		and Contents	(net)					2,111,795	2,111,795	2,168,600
investments
One year		Bond w)th BU			67,962				67,962	67,825
Current	Assets
Debtors				13	0				0	0
Cash, Bank				14	27,365	7,417	19,386		54,168	49,699
					1,145,284	7,417	19,386	2,111,795	3,283,882	3,336,538
Current	Liabilities
Creditors		within one year		15	-18,029				-18,029	-22,948
Net Assets excluding			current		1,127,255	7,417	19,386	2,111,795	3,265,853	3,313,590
liability
Creditors		after one	year	16	-146,528				-146,528	-175,100
Total net		assets or liabilities			980,727	7,417	19386	2,111,795	3,119,325	3,138,490
Represented by:				18
Endowed		I:unds						211179521112795		2,168,600
Restricted		Funds					19,386		19,386	17,297
Designated		Funds				7,417			7,417	8,026
Unrestricted Funds					980,727				980,727	944,568
					980,727	7,417	19,386	2 111795	3,119,325	3,138,490

2	Voluntary	Income	Income							2021	2020
				Notes		Unrestricted	Designated	Restricted	Endowment	Total	Tota I
	Weekly/Monthly		Offerings			138,696				138,696	135,450
	Donations				9	400	2,230			2,630	6,427
	Tax refund					33,002				33,002	37,820
	Other income					28,064				28,064	43,841
	Hall Hire					16,037				16,037	15,837
	Manse Donations					0		0		0	800
	Church Organisations					0		7,484		7,484	10,367
						216,198	2,230	7,484	0	225,913	250,541
3	investment	Income
						Unrestricted	Designated	Restricted	Endowment	Total	Total
	Bank Interest					141		0	0	141	615
	Other income									0	0
						141			0	141	615
	Charitable Activities
						Unrestricted	Designated	Restricted	Endowment	Total	Tota I
4	Mission
	Gifts, as in	Note			9		42,645			42,645	49,685
	Gifts to church organisations									3,300	3,600
	Costs of church organisations							5,395		5,395	12,450
						3,300	42,645	5,395	0	51,340	65,735
5	Ministry
	Salaries			10		100,692				100,692	101,237
	Travel and car costs					419				419	1,614
	Training					191				191	0
	Other costs					2,662				2,662	2,920
						103,964			0	103,964	105,771
6	Administration/Support
	Gas			Electricity		8,711				8,711	11,051
	Insurance					5,493				5,493	5,369
	Office, telephones,			stationery		3,686				3,686	3,694
	Cleaners			other	costs	1,627				1,627	1,361
	Depreciation	on Assets				58,501				58,501	59,406
	Maintenance	of buildings				12,798				12,798	22,103
	Council tax			Water	Rates	5,820				5,820	5 837
	B U Loan Interest					2,900				2,900	3,036
	Development	&Sundry				3,883				3,883	5,357
						103,418			0	103,418	117,213
7	Governance
	Independent	Examination
										0	0
8	Total Resources Expended					Charitable		Support
						Activities		Costs
	Mission					51,340				51,340	65,735
	Ministry					103,964				103,964	105,771
	Administration/Support					103,418				103,418	117,213
						258,721		0	0	258,721	288,719

9	Missionary	and other causes (Desi	gn	ated)
							Transfers
	Name				Bal b/f		Gen. Fund		Other		Payments		Bal c/f
					1Sept	2020	Including	Donations			macle		31Aug 2021
							Gift Aid Dons
	BMS					0	15,110			50	15,160			0
	Home Mission Fund					0	12,740			0	12,740			0
	World Mission					1,495	7,384			721		9,039		560
	Relationship Relationship Relationship	with Community with God with each other				2,587 1,569 2,375	1,320 660 2,592			500 0 960		1,478 741 3,487		2,929 1,488 2,440
						8,026	39,806			2,230	42,645			7,417
	BMS and	Home Mission Fund are	both organisations			under the governance		of		l3aptist Union of Great			Britain and
	seek to further the Christian faith		in the UK		and abroad.
	World Mission funds are used to		support other Christian organisations in the						UK and overseas			which	the	church
	has elected to support. Someone		in the church has			regular contact with the organisation,					and	as well as
	providing	financial support we pray		regularly for the work			ofeach organisation
	The Relationship funds are used to			support	the work ofthe church:
	~	Community —the outreach ofthe church				to our	local community
	~	God -the spiritual growth		and discipleship		of members ofthe church and congregation
	~	Each other —supporting		church members		and local people in various ways (including						donations		to
		Horsham Debt Advice	service, Oasis Pregnancy				Centre and Horsham			Churches	Together as		well as
		social events run by the church).
10	Staff Costs									2021				2020
	Salaries									94,504				92,235
	Social Security Costs, NHI etc									2,455				2,892
	Pension Cost See Note 18
		DC contributions	to	NEST						0				0
		DC contributions	to	BPS						10,434				10,314
	Coronavirus	job retention scheme								-6,701				-4,204
										0
										100,692				101,237

11	Tangible Fixed Assets
			Church		77 Heron	The	Fixtures	S.	Total		Total
			Building		Way	Hornets	Fittings		2021		2020
			6		f	E	f		f
	Cost/ valuation, b/fwd		2,840,242		525,000	522,G73	98,698		3,986,613		3,885,348
	Additions / adjustments			0	0	1,240		0	1+40			105,792
	Revaluation of Manse				0					0		0
	Disposals									0		0
	As at 31August 2021		2,840,242		525,000	523,913	98,G98		3,987,853		3,991,141
	Depreciation, b/fwd		671,643			0	95,957		767,600			712,722
	Charge for the year		56,805				1,696		58+01			59,406
	Disposals									0		0
	As at 31August 2021		728,448			0	97,653		&26,101			772,128
	Net Book Value:
	As at 31August 2021	Note 1f	2,111,795		525,000	523,913	1,044		3,161,752		3,219,013
	As at 31August 2020		2,168,600		525,000	522,673	2,740		3,219,013
						2021				2020
12	Investments
	One Year Bond with	BU				67,962					67,825
13	Debtors
	HMRC
14	Cash and Bank
	HSBC Deposit					20,317					15,316
	HSBC Current					3,343						7,299
	CAF accounts					9,714						8,381
	Cambridge and Counties Bank					1,407						1,407
	Church Organisations					19,386					17,297
						54,168					49,699
15	Creditors: Amounts	falling due within	1year
	BU Pension Deficit		Note	19		4,913						4,100
	Manse Interest free loans					6,000						6,000
	BU Loan for purchase	ofManse				7,116						7,116
	Car Park Bumper Grant					0						750
	HDC 'Hub" Loan					0						4,982
	Creditors PAYE/Nl					0						0
						18,029					22,948
16	Creditors: Amounts	falling due after more than 1			year
	BU Pension Deficit		Note	19		20,355					38,711
	Manse Interest free loans					41,583					47,583
	BU Loan for purchase	ofManse				84,590					88,805
						146,528					175,100

The	key financial assumptions underlying	the valuation	were as follows
Type	of assumption			%p.a.
	RPI price inflation assumption			3.20
	CPI price inflation assumption			2.70
	Minimum Pensionable Income increases			3.20
	Assumed investment returns
	Pre-retirement			2,95
	Post retirement			1.70
	Deferred pension increases
	Pre-April 2009			3.20
	Post-April 2009			2.50
	Pension increases
	Main scheme pension			2.70

Movement in Balance Sheet	liability	liability
Section 28.11Aof FRS102requires		agreed deficit recovery payments		to be recognised as a liability.	The movement	in
the provision is set out in the	table	below.
				2021	2020
				E	E
Balance sheet liability at year	start			42,810	48,281
Minus deficiency contributions	paid			-4,040	-4,348
Interest cost (recognised in SoFA)				449	646
Remaining change to balance	sheet	liability* (recognised	in SoFA)	-13,951	-1,768
Balance sheet liability at year	end			25,268	42,810

The Church Administrator	The Church Administrator	The Church Administrator	is eligible	is eligible	is eligible	to	join	the Baptist	the Baptist	the Baptist	the Baptist		pension	pension	pension	Scheme.	Scheme.	Scheme.	Scheme.	The	previous Administrator	previous Administrator	previous Administrator	previous Administrator	(who	(who		left in July	left in July
2019)chose instead to join the National Employment Savings Trust (NEST). This is a Defined Contribution Scheme, and as at the date of leaving pension contributions were 5%of Qualifying Earnings divided equally between Employer and Employee. The new Administrators have both elected to join the Baptist pension Scheme and so the Church have
no current members of NEST.
20 Related Charities
The custodian Trustee		ofthe church				is	the	Baptist Union Corporation											limited,		which	is charity		number		249635, and
which is controlled by the Baptist Union Council.											The	church			is	also		a	member ofthe Baptist Union						of	Great Britain
and ofthe South Eastern			Baptist		Association
The church also	made a gift to			the Baptist				Union Home					Mission			Fund			ofE12,540
		Summary		ofOrganisations'						Accounts for the				year		to			31Aug 2021
			IMAGE				P M A				WEF			Parents & Toddlers					Football club Consolidated			Souncl Waves		Art Group				Lunch Oub		Totals
																				D Rose
Treasurer			M Brown				C Tall				R Carey				I Rose					A Rafferty		I Rose		R ltardwick			V	Hardwick
Examiner			G Smith			A	Rafferty				G Smith				8 Stevens					8 Stevens		8 Stevens		A Rafferty			A Rafferty
Receipts
Fees and Subs Donations/fund raising Church and other Grants																					6,617 0 600									6,617 0 600 0
Refreshments																														0
Uniforms/training																														0
Bank Interest/chgs																														0
Cantos/Holidays																														0
Loans Sundry Total Receipts																		0			267 7,484									267 7,484
Payments
Fees and Hire																		0			2,696									2,696 400
Cont. to Church																														0
Food/Refres hments																														0
Uniforms																														0
Speakers 1raining/Equipment Awards/Donations Post, Stationery																					899 442 156		165			0 29				1,064 686 185 0
Gifts and Donations																														0
Wages/commissions																														0
Camps and Outings Sundry Tota I Payments					0 33 33				244									0			4,523 331		166 0		429					364 5,395
Surplus/(deficit)					-33			-244										0			2,961	-166			-479					2,089
fnr the year
Balance Brought Fwd				3,795				2,571					622				865				6,533	1,508			1,757				145	17,297
from previous year
Balance Carried I-wd				3,262				2,327					622				865				9,494I	1,343			1,328				145	19,386