2021-04-05-accounts - Morden Baptist Church

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MORDE BAPTI T CHURCH TRU 'REP THEY RTA DTE ACCOUNTS RIL2 Jac caa Charéernd CCOQfjDDta

		Unrestricted	Unrestricted	funds	Restricted	Total
		General	Designated		funds	Funds
						2621
		K		K		R
lncoNne
Donations and legacies
Regular Giving Tax refunds		109,139 34,454				109,139 34,454	112,885 19,297
Mission targeted Other gNs and donations		234			1,882	1,882 234	5,963
Other income Other trading activities		5,394				5,394	8,889
Use ofpremises interest received		35,595 43				35,595 43	35,472 1,269
Total income					1,882	186,741	183,775
Expenditure
Charitable activities
Direct costs	3	119,846				119,846	144,314
Reduction in pension liability Premises and Support Costs Restricted funds and Mission Targeted	10	(15,635) 36,947				(15,635) 36,947	(2,008) 43,621 919
Total expenditure		141,158					186846
Met income I(expenditure) Transfers between funds		43,701 (8,378)		8,378	1,882	45,583	(3,071)
MET INOVESIEMT IM FUMDS		35,323		8,378	1,882	45,583	(3,071)
Reconclliiation offunds
Funds brought forward at5April 2626	9	44,146	1,365,177		14,288	1,335,319	1,338,390
		8,823	1,373,555		16,170	1,380,902	1,335,319

			Ijnrestrieted	Ijnrestrieted	funds	Restncted	Total
			Genera/	Designated		funds	Funds
							2i920
Income
Donations and legacies
Regular Giving			112,885				112,885	114,738
Tax refunds			19,297				19,297	36,076
Mission targeted						5,963	5,963	1,913
Other Income			8,889				8,889	517,676
Other trading activities
Use ofpremises			35,472				35,472	39,750
Interest received			1,269				1,269	1,139
Total Income			177,812			5,963	183,775	711,292
Expenditure
Charitable activities
Direct costs		3	144,314				144,314	123,226
Reduction in pension	liability	10	(2,008)				(2,008)	(38,582)
Premises and Support Costs		4	41,337				43,621	114,746
Restricted funds and	Mission Targeted					919	919	2,440
Totall expenditure			183,643		2,284	919	186,846	201,830
NET MOVEIIENT IN	FUNDS		( 6,831)		( 2,284)	6,044	(3,071)	509,462
Reconciliation offunds
Funds brought fonIvard at5ApN 2019		9	38,315	1,367,461		9,244	1,338,390	828,928
Funds carried forward at5April 2MO		9	44,146	1,365,177		14,288	1,335,319	1,338,390

Other inco	me
			Unacted		Designated	Restricted	Total	Total
			funds		funds	funds	2921	2929
					K		K
CJRS HMRC Grant				4,790			4,790
Other Income				604			604	8,88S
				5,394			5,394	8,889
			Unrestricted		Designated	Restricted	Total	Total
			funds		funds	funds	2921	2929
					R		R
Discipleship				719			719	736
Ministry expenses				97,693			97,693	114,464
Worship				1,469			1,469	664
Fellowship and ministry Missions and ministries				1,170 18,795			1,170 18,795	3,573 24,877
Professional	services
Total direct costs				11S,846			119,846	144,314
							Total	Total
							2921	2929
Salaries and	social security						86,700	91,687
Pension costs							7,167	10,966
							93,867	102,553
Number ofemployees
Key Management		Personnel	remuneration	including	social security	and
pension costs								65,896

			Unrestricted	Designated	Designated	Restricted	Restricted	Total
			funds	funds			funds	2021
							K
AV equipment			42					42	88
Bank charges			111					111	81
Church and manse Church repairs and		insurance maintenance	3,592 2,490					3,592 2,490	3,134 12,145
Church utilities Cleaning			10,657 456					10,657 456	9,650 1,305
IT- computers	and	hardware	1,890					1,890	2,019
IT - support, backup and software			954					954	884
Manse repairs	and	maintenance	241					241	683
Manse Utilities			286					286	2,690
ONce equipment			4,302					4,302	453
Other			26					26
Printing, stationery and equipment Professional services Telephones, including manse			3,792 5,218 2,890					3,792 5,218 2,890	4,302 5,259 1,028
Total premises	and	support costs	36,947					36,947	43,621
			Churclh		Imanse:		Imanse:
			and	hails	1	Links	254	IHIIIlcr~
					Avenue		Avenue
Cost
At5April 2020			500,000		585,000			605,000	1,690,000
At 5April 2021			500,000		586,000			505,000	1590,000

Tax recoverable	Tax recoverable	7,179
Prepayments	and accrued income	7,424
		14,603

		Balance at	Imovement	Imovement	in resources	Ballance at
		8April 2026	income	Expenditure/Tfr		5April 2II21
		K
Education Fund						721
Mission Targeted Stair Lift						1,307 111
Stotter Zim Kids					(18)	18
Ivy Huxter Memorial Leisure Day - Minibus Leisure Day 3rd Space	Bible Fund	2,182 1,507 1,846	1,000			2,182 1,507 2,846
Soul Survivor Grace Room Blinds		1,638 81				1,638 81
Bequest (purpose to be agreed) Spurgeon's college		2,000 247				2,000 247
,Prayer room
Garden project		3,613				3,613
		14,288	1,882			16,170

The key assumptions	underlying the valua5on were as follows:
Type ofassumpfion		/o pa
RPI price inflation assumption		3.20
CPI price inflation assumption		2.70
Minimum Pensionable Assumed investment	Income increases (CPI plus 1.0%pa) returns	3.20
-Pre-retirement		2.95
-Post retirement		1.70
Deferred pension increases
-Pre April 2009		320
-Post April 2009		2.50
Pension increases
-Main Scheme pension		2.70

Liability brought forward	49,145	55,504
Deficiency contributions paid in year Interest cost Remaining change to balance sheet liability " Liability atyear end	(4,146) 1,036 15,635 30,400	(5,407) 1,056 ~2,008 49,145

Within one year		2,355	2,355
Within two to five Over 5years	years	1,805 406	2,355 2,211
		4,566	6,921
The operating lease charges forthe year were:
Hire ofcomputer	equipment	2,355	2,171