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|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|
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||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|
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|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|
##
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|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|
##
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|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||
##
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##
|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|
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