2020-12-31-accounts - Testwood Baptist Church

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			Page
Reference and Administrative Details
Report ofthe Trustees		2	to	6
Independent Examiner's	Report
Statement of Financial	Activities
8alance Sheet
Notes to the Financial Statements		10	to	22

TRUSTEES		The Revd G Tuck (Senior	The Revd G Tuck (Senior	Pastor) (deceased 7.11.20)	Pastor) (deceased 7.11.20)	Pastor) (deceased 7.11.20)
		The Revd M Huckle (Associate				Pastor 5 newly appointed	Senior
		Pastor)
		Mr H Francis (Treasurer)
		The Revd JWoodhouse		(resigned 8.10.20)
		Mr SReynolds
		Mrs M Murray
		Mr P Pike
		Mr C Ridout
		Mrs K Elkins (Administrator)
		Mrs FJong (resigned 15.1.20)
		Mr J Frowd
		Mr R King (appointed 15.1.20)
		Mr J Murray (appointed		15.1.20) (resigned 15.3.21)
PRINCIPAL ADDRESS		283a Salisbury	Road
		Totton
		Southampton
		SO40 3LZ
REGISTERED CHARITY NUMBER		1129913
INDEPENDENT	EXAMINER	D ASanders BA (Hons) FCA
		Sheen Stickland	Chartered		Accountants
		4 High Street
		Alton
		Hampshire
		GU34 1BU
BANKERS		Lloyds Bank pic
		30Commercial	Road
		Totton
		Southampton
PROPERTY TRUSTEES		The Baptist Union Corporation				Limited
		Baptist House
		129Broadway
		Didcot
		Oxfordshire
		OX118RT

				2020	2019
		Unrestricted	Restricted	Total	Total
		fund	fUncls	funds	funds
	Notes	f	f	f	f
FIXEDASSETS
Tangible assets		112,829	791,269	904,098	932,236
CURRENT ASSETS
Debtors	12	11,207		11,207	12,556
Cash at bank and in hand	13	27,875	8,256	36,131	38,368
		39,082	8,256	47,338	50,924
CREDITORS
Amounts falling due within one year	14	(4,560)		(4,560)	(4,200)
NET CURRENT ASSETS		34,522	8,256	42,778	46,724
TOTAL ASSETS LESSCURRENT LIABILITIES		147,351	799,525	946,876	978,960
PROVISIONS FOR LIABILITIES	15	(29,615)		(29,615)	(47,531)
NET ASSETS		117,736	799,525	917,261	931,429
FUNDS
Unrestricted funds				117,736	111,382
Restricted funds				799,525	820,047
TOTAL FUNDS				917,261	931,429

Furniture	and fittings	and fittings	10o/
Computers		and equipment	33O/o
New Church		Building	2O/o

		Unrestricted	Total	Total
			2020	2019
			f	f
Youth and Families	Matter	13,550	13,550	13,200
Hour of Revival (Dugmores)		1,500	1,500	1,700
Home Mission Fund		1,500	1,500	1,500
MAF (Watermans)		1,500	1,500	1,500
Amor Europe (Youth Development)		1,800	1,800	1,800
Southampton City	Mission	720	720	720
Baptist Missionary	Society	300	300	300
Thelma Mills		240	240	60
Southern CBA		100	100
TBCpre-school				1,250
Tearfund				100
Church ofthe Year				100
Football Team				100
Hardship Fund				100
Totton Fun Day				4,350
MAF				410
Wessex Cancer Trust				410
		21,210	21,210	27,600

STAFF COST	S
				2020	2019
				f	f
Wages and	salaries			172,961	168,325
Social security costs				10,733	11,613
Other pension costs				(2,771)	13,155
				180,923	193,093
The average	monthly	number ofemployees	during the year was as follows:
				2020	2019
Employees				8	8

COMPARA	TIVES FOR THE STA	TEMENT OF FINANCIAL	ACTIVITIES
			Unrestricted	Restricted	Total
			fund	funds	funds
			f	E	E
INCOME AND ENDOWMENTS		FROM
Donations	and legacies		320,613	480	321,093
Charitable	activities
Charitable	activities		8,474		8,474
Investment	income
Total			329,091	480	329,571
EXPENDITURE ON
Charitable	activities
Ministry			197,271		197,271
Establishment			93,240	22,687	115,927
Mission			27,600		27,600
The Hub			1,919		1,919
Governance	costs		5,864		5,864
Total			325,894	22,687	348,581
NET INCOME/(EXPENDITURE)			3,197	(22,207)	(19,010)
RECONCILIATION OF FUNDS
Total funds	brought forward		108,185	842,254	950,439
TOTAL FUNDS CARRIED FORWARD			111,382	820,047	931,429

	BPSDBPlan
Date ofvaluation	31December 2019
Date of next valuation	31December 2022
Market value ofscheme assets (A) Technical provisions (B) Deficit [(B) —(A)]	E298m f316m f18m
Funding level [(A)/ (B)]	94%

RPI price inflation	assumption	3.20
CPI price inflation	assumption	2.70
Minimum Pensionable Income increase (BPSonly)		3.20
Pensionable Salary increases (BUSPS only)		n/a
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

				31.12.20	31.12.19
				f	f
Balance sheet liability at	year	start		47,531	51,058
Minus deficiency contributions paid Interest cost (recognised in SOFA)				(3,758) 776	(4,902) 1,167
Remaining change to balance		sheet liability* (recognised	in SOFA)	(14,934)	208
Balance sheet liability at	year	end		29,615	47,531

Accounting date			31.12.20	31.12.19	31.12.18
Discount rate			0.9%	1.7%	2.4%
Future increases to Minimum	Pensionable	income	3.5%	32%	3.5%

12.	DEBTORS:AMOUNTS	FALLING	DUE WITHIN ONE YEAR	DUE WITHIN ONE YEAR
						2020	2019
						f	f
	Accrued income - Gift Aid					11,207	12,556
13.	CASH AT BANK AND IN	HAND
						2020	2019
			General	Building	Gordon Tuck	Total	Total
			fund f	funcl f	Fund f	funds f	funds f
	Cash in hand						51
	Lloyds Current Account-
	No1		2,142		1,685	3,827	2,659
	Lloyds Current Account-
	No2		25,733			25,733	28,123
	Hub Account						1,444
	Lloyds Building Fund
	Account			6,571		6,571	6,091
	Total		27,875	6,571	1,685	36,131	38,368
14.	CREDITORS: AMOUNTS	FALLING DUE WITHIN ONE YEAR
						2020	2019
							f
	Accruals and deferred income					4,560	4,200
15.	PROVISIONS FOR LIABILITIES
						2020	2019
						f	f
	Defined benefit pension	scheme	liability			29,615	47,531