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|as a body, for our audit wo|as a body, for our audit wo|rk, for this report, or for t|he opinions|we have forme|d.
~||
|---|---|---|---|---|---|---|
|Jacob Cavenagh
tt Skeet|||||+|5 Robin Hood Lane|
|Statutory|Auditor|||||Sutton|
|Chartered|Accountants|||||Surrey|
|Date:|2-~ log/|2022||||SM1 2SW|
|Jacob Cavenagh
8 Skeet||is eligible for appointment|as auditor|ofthe charity|by virtue ofits eligibility for appointment||
|as auditor|ofa company under section 1212ofthe||Companies|Act 2006.|||
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|||Notes|2021||2020||
|---|---|---|---|---|---|---|
|Fixed Assets||||4,223,959||4,277,058|
|Current assets|||||||
|Debtors|||21,717||40,703||
|Short term deposits|||80,000||80,000||
|Cash at bank and in hand|||192,310||'I86,966||
||||294,027||307,669||
|Current
liabilities|||||||
|Amounts
falling due within|one year||(22,071)||(29,211)||
|Net current assets||||271,956||278,458|
|Total assets less current|liabilities|||4,495,915||4,555,516|
|Provisions for liabilities|and charges|10||(32,975)||(38,785)|
|Net assets||||4,462,940||4,516,731|
|Represented
by|||||||
|Unrestricted
funds||12||4,428,861||4,480,423|
|Restricted funds||12||34,079||36,308|
|||||4,462,940||4,516,731|
||||||2021||2020|
|---|---|---|---|---|---|---|---|
|Cash provided
by/(used
in)
operating
activities (see below)|||||10,182||(5,746)|
|Cash flows from investing|activities|||||||
|Interest received||||1,183||1,327||
|Payments
to acquire tangible|fixed|assets||(6,021)||(6,722)||
|Cash used in investing
activities|||||(4,838)||(5,395)|
|Net cash inflow/(ouNow)|||||5.344||(11,141)|
|Cash and cash equivalents
at 1 October|||2020||266,966||278,107|
|Cash and cash equivalents|at 30|September 2021|||272,310||266,966|
|Cash flows from operating|activities|||||||
|Net expenditure|||||(53,791)||(45,727)|
|Interest received
shown
in investing||activities|||(1,183)||(1,327)|
|Depreciation|||||59,120||59,581|
|Decrease/(increase)
in debtors|||||1'8,986||(12,040)|
|(Decrease)/increase
in creditors|||||(7,140)||16,038|
|(Decrease)
in provision|||||(5,810)||(22,271)|
|Cash provided
by/(used
in)|operating||activities||10,182||(5,746)|
##
##
##
##
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##
##
|2|INCOME FROM:|||||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|TOTAL|FUNDS|
|||||Funds|Funds|2021|2020|
|||||E|||f.|
|2a|Donations
and legacies|||||||
||Donations
and Gifts|||||||
||Planned
giving: Gift Aid|||212,767||212,767|194,115|
||Income tax recoverable|on|Gift Aid|57,629||57,629|56,147|
||Other giving|||196,318|15,065|211,383|229,704|
|||||466,714|15,065|481,779|479,966|
|2b|Investments|||||||
||Bank interest|||1,183||1,183|1,327|
|2c|Charitable
activities|||||||
||Playgroup
income|||96,276|2,659|98,935|79,106|
||Other events and activities|||2,621|10,000|12,621|14,766|
|||||98,897|12,659|111,556|93,872|
|2d|Other sources|||||||
||Rent|||323||323|1,963|
||Coronavirus
Job Retention||Scheme grant|1,260|5,011|6,271|3,662|
||Other income|||2,702|20|2,722|4,868|
|||||4,285|5,031|.9,316|10,493|
||TOTAL INCOME|||571,079|32,755|603,834|585,658|
##
|EXPEND|IT|U|RE ON:|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||Unrestricted|Restricted|TOTAL|FUNDS|
|||||||||||Funds|Funds|2021|2020|
||||||||||||E|||
|Charitable||activities||||||||||||
|Grants made|||in furtherance||ofthe|||||||||
|Church's|objectives|||||||||||||
|||||Home|and|overseas mission||||97,233||97,233|90,672|
|||||CAP|||||||8,705|8,705|10,589|
|||||||||||97,233|8,705|105,938|101,261|
|Ministry costs||||||||||||||
|||||Staff costs||||||286,233|17,303|303,536|269,650|
|||||Children
and|||youth work|||6,320|8,867|15,187|11,809|
|||||Other|ministry' costs|||||14,118||14,118|17,439|
|||||Playgroup||costs incl.salaries||||72,864|2,659|75,523|82,325|
|||||||||||379,535|28,829|408,364|381,223|
|Church and||manse expenses||||||||||||
|||||Church|running|||costs||16,507||16,507|16,499|
|||||Manse|running|||costs||23,474||23,474|20,921|
|||||Repairs to||premises||||10,215||10,215|21,819|
|||||Office|expenses|||||8,157||8,157|7,573|
|||||Governance|||costs: Audit fees|||4,692||4,692|5,442|
|||||Governance|||costs: Accountancy||fees|3,000||3,000||
|||||Other resources||||||18,158||18,158|17,066|
|||||Depreciation||||||59,120||59,120|59,581|
|||||||||||143,323||143,323|148,901|
|TOTAL EXPENDITURE||||||||||620,091|37,534|657,625|631,385|
|STAFF COSTS||||||||||||||
||||||||||||2021||2020|
||||||||||||E|||
|Salaries|and||stipends|||||'I|||212,233||200,344|
|Employer's||National||Insurance||costs|||||14,911||13,842|
|Pension|costs —defined
contribution|||||||scheme|||19,393||19,279|
|Operating
"Rent" in|costs ofdefined
benefit
lieu ofmanse
provision||||||pension schemes||||(200)
35,597||(16,778)
35,426|
|Other costs,|||including|Time|for|God volunteer|||||4,325||3,962|
|CAP staff||cost|||||||||17,277||13,575|
||||||||||||303,536||269,650|
|Playgroup||salaries|||||||||'66,087||79,614|
||||||||||||369,623||349,264|
##
|MISSION GIVING|||||||||
|---|---|---|---|---|---|---|---|---|
|||||||21|||
|||||Designated||Restricted|Total|2020|
|Local|||||||||
|Anna Chaplaincy||||||||1,000|
|Oasis||||||||595|
|B@atitude|||||1,500||1,500|' 1,500|
|Leatherhead
Youth|Project|||-10,333|||10,333|12,258|
|Meeting Place|||||2,000||2,000||
|National
&Overseas|||||||||
|Baptist Missionary|Society||||4,000||4,000|1,000|
|South East Baptist|Association||||7,500||7,500|7,085|
|Cell UK|||||1,500||1,500|1,800|
|Whitmans||||10,000|||10,000|12,000|
|Tear Fund - General|||||2,000||2,000|1,000|
|Open Doors||||.|2,000||2,000|1,000|
|Ap render||||12,000|||12,000|10,040|
|Slovenia. - Cazars|8 Zoldos||||8,500||8,500|8,000|
|CMS Brazil - D&S|Brito Medeiro||||9,000||9,000|9,000|
|Brazil trip||||||||278|
|Send a Cow||||||||814|
|Lebanon
visit||||||||3,464|
|ABTS|||||8,000||8,000||
|LSESD Lebanon||||||||6,000|
|Mutual
Faith Church||Beirut(Life.|Centre)||8000||8000|7,050|
|Nepal - R Slade|||||8,100||8,100|6,000|
|Mission Gap Year|Support|||||||500|
|Mission Expenses||||||||288|
|Emerging
Opportunities|||||2,800||2,800||
|Total expenditure||||97,233|||97,233|90,672|
##
##
|7
TANGIBLE FIXEDASS|ETS|||||
|---|---|---|---|---|---|
|Tangible fixed assets —for use|by the Church|||||
||Fixtures 8|Church|1 Nelson|Church|TOTAL|
||Equipment
f|Manse
f|Cottages
f|Premises||
|Cost or valuation||||||
|At 1 October 2020|66,604|710,000|516,438|3,693,970|4,987,012|
|Additions|6,021||||6,021|
|At 30September 2021|72,625|710,000|516,438|3,693,970|4,993,033|
|Depreciation||||||
|At 1 October 2020|60,392|||649,562|709,954|
|Charge for the year.|5,979|||53,141|59,120|
|At 30September 2021|66,371|||702,703|769,074|
|Net Book Value||||||
|At 30September 2021|6,254|710,000|516,438|2,991,267|4,223,959|
|At 30September 2020|6,212|710,000|516,438|3,044,408|4,277,058|
##
|PROVISION FOR LIAB|ILITI|ES AND CHARGES|||
|---|---|---|---|---|
||||2021|2020|
|Liability at 1 October|||38,785|61,056|
|Deficiency contributions|paid|in year|(5,610)|(5,493)|
|Charge for the year|||(200)|(16,778)|
|Liability at 30September|||32,975|38,785|
|Accounting|date|30September|2021|30September 2020|30September 2019|
|---|---|---|---|---|---|
|Discount rate||1.1%||1.1%||
|Future increases to Minimum
Pensionable
Income||3.9%||3.1%|3.4%|
|ANALYSIS OF NET ASSETS BYFUND||||
|---|---|---|---|
||Unrestricted|Restricted|Total|
||Funds|Funds|Funds|
|||E|E|
|Fixed asseis|4,223,959||4,223,959|
|Current assets|259,948|34,079|294,027|
|Current
liabilities|(22,071)||(22,071)|
|Liabilities due in more than one year|32,975||32,975|
|At 30September 2021|4,428,861|34,079|4,462,940|
||Unrestricted|Restricted|Total|
||Funds|Funds|Funds|
||||E|
|Fixed assets|4,277,058||4,277,058|
|Current assets|271,361|36,308|307,669|
|Current
liabilities|(29,211)||(29,211)|
|Liabilities due in more than one year|38,785||38,785|
|At 30September 2020|4,480,423|36,308|4,516,731|
##
|UNRESTRICTED FUNDS|UNRESTRICTED FUNDS||||||
|---|---|---|---|---|---|---|
|||Balance at||||Balance at 30|
|||1 October||||September|
|||2020|Income|Expenditure|Transfers|2021|
|||f||' f|f|f|
|General||194,579|569,879|(459,502)|(114,365)|190,591|
|Premises|||1,200|(10,215)|9,015||
|Mission||14,998||(97,233)|102,800|20,565|
|Building||3,044,408||(53,141)||2,991,267|
|Manse||710,000||||710,000|
|Second|Manse|516,438||||516,438|
|||4,480,423|571,079|620,091|2,550|4,428,861|
|||Balance at||||Balance at 30|
|||1 October
2019|Income|Expenditure|Transfers|September
2020|
|||f||f|f|f|
|General||191,981|545,191|(422,257)|(120,336)|194,579|
|Premises||||(21,819)|21,819||
|Mission||4,508|5,000|(89,510)|95,000|14,998|
|Building||3,097,549||(53,141)||3,044,408|
|Manse|.|710,000||||710,000|
|Second|Manse|516,438||||' 516,438'|
|||4,520,476|550,191|586,727||4,480,423|
|RESTRICTED FUNDS|||||||
|||Balance at||||'Balance at 30|
|||1 October||||September|
|||2020|Income|Expenditure|Transfers|2021|
|||f|f|f|f|f|
|CAP||18,736|20,076|(26,008)|4,000|16,804|
|Mission
Other||1,000
16,572
36,308|12,679
32,755|~11,526
~37,534|1,450
2,550,|1,000
16,275
34,079|
|||Balance at||||Balance at 30|
|||1October
2019|Income|Expenditure|Transfers|September
2020|
|||f||f|f|f|
|CAP||21,150|17,750|(24,164)|4,000|18,736|
|Mission||1,000|1,162|(1,162)||1,000|
|Other||19,832||||16,572|
|||41,982|35,467|~44,658|3,517|36,308|
##
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##
|The key financial assumptions|underlying|the valuations|were as follows||
|---|---|---|---|---|
|RPI price inflation
assumption
CPI price inflation
assumption
Minimum
Pensionable
Income
Assumed
investment
returns|increases|(CPI plus 0.75'/o pa)||3.200/0 pa
2.70'/0 pa
3.20'/o pa|
|- Pre-retirement
- Post retirement
Deferred
pension increases||||2.95'/o pa
1.70'/0 pa|
|- Pre April 2009
- Post April 2009
Pension increases||||3.200/0 pa
2.50'/0 pa|
|- Main Scheme pension||||2.70'/0 pa|
##
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