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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|
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|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||||||
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||||||2020|2019|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||fund|funds|funcls|funds|
|||Notes|f|f|f|f|
|INCOME AND ENDOWMENTS|FROM||||||
|Donations
and legacies|||300,250|2,165|302,415|321,093|
|Charitable
activities|||||||
|Charitable
activities|||4,384||4,384|8,474|
|Investment
income|||10||10||
|Total|||304,644|2,165|306,809|329,571|
|EXPENDITURE ON|||||||
|Charitable
activities|||||||
|Ministry|||183,468||183,468|197,271|
|Establishment|||85,615|22,687|108,302|115,927|
|Mission|||21,210||21,210|27,600|
|The Hub|||2,369||2,369|1,919|
|Governance
costs|||5,628||5,628|5,864|
|Total|||298,290|22,687|320,977|348,581|
|NET INCOME/(EXPENDITURE)|||6,354|(20,522)|(14,168)|(19,010)|
|RECONCILIATION
OF FUNDS|||||||
|Total funds brought forward|||111,382|820,047|931,429|950,439|
|TOTAL FUNDS CARRIED FORWARD|||117,736|799,525|917,261|931,429|
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|||||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|
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|Furniture|and fittings|and fittings|10o/|
|---|---|---|---|
|Computers||and equipment|33O/o|
|New Church||Building|2O/o|
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|2.|DONATIONS|DONATIONS|AND LEGACIES|||||
|---|---|---|---|---|---|---|---|
|||||||2020|2019|
|||||||f|f|
||Offering|and|donations|||255,572|271,342|
||Gift aid|||||46,638|48,497|
||Weddings|and funerals||||205|1,254|
|||||||302,415|321,093|
|3.|INVESTMENT||INCOME|||||
|||||||2020|2019|
|||||||f|f|
||Bank interest|||||10||
|4.|INCOME|FROM CHARITABLE||ACTIVITIES||||
|||||||2020|2019|
|||||Activity||f|f|
||Rents received|||Charitable|activities|3,510|5,030|
||The Hub|||Charitable|activities|874|3,444|
|||||||4,384|8,474|
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|||Unrestricted|Restricted|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|
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|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|
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|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|
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||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%|
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|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|
##
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|||||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|
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|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%|
##
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|TANGIBLE FIXEDASSETS||||||
|---|---|---|---|---|---|
||||Furniture|||
||Church||and|Computers||
||premises|Manse|fittings|8.equipment|Totals|
||f|E|f|E|f|
|COST||||||
|At 1stJanuary 2020|1,061,713|97,000|100,695|47,613|1,307,021|
|Additions||||9,572|9,572|
|At 31st December 2020|1,061,713|97,000|100,695|57,185|1,316,593|
|DEPRECIATION||||||
|At 1stJanuary 2020|251,693||80,870|42,222|374,785|
|Charge for year|21,234||9,378|7,098|37,710|
|At 31st December 2020|272,927||90,248|49,320|412,495|
|NET BOOK VALUE||||||
|At 31stDecember 2020|788,786|97,000|10,447|7,865|904,098|
|At 31st December 2019|810,020|97,000|19,825|5,391|932,236|
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|12.|DEBTORS:AMOUNTS|FALLING|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|
##
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|MOVEMENT|IN|FUNDS|||||
|---|---|---|---|---|---|---|
||||||Net||
||||||movement|At|
|||||At 1.1.20|in funds|31.12.20|
|||||f|f||
|Unrestricted|funds||||||
|General fund||||111,382|6,354|117,736|
|Restricted funds|||||||
|Building fund||||820,047|(22,207)|797,840|
|Gordon Tuck|Fund||||1,685|1,685|
|||||820,047|(20,522)|799,525|
|TOTAL FUNDS||||931,429|(14,168)|917,261|
|Net movement||in funds, included|in the above are as follows:||||
|||||Incoming|Resources|Movement|
|||||resources
f|expended
f|in funds
f|
|Unrestricted|funds||||||
|General fund||||304,644|(298,290)|6,354|
|Restricted funds|||||||
|Building fund||||480|(22,687)|(22,207)|
|Gordon Tuck|Fund|||1,685||1,685|
|||||2,165|(22,687)|(20,522)|
|TOTAL FUNDS||||306,809|(320,977)|(14,168)|
##
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||||Net||
|---|---|---|---|---|
||||movement|At|
|||At 1.1.19|in funds|31.12.19|
|||f|f|f|
|Unrestricted|funds||||
|General fund||108,185|3,197|111,382|
|Restricted funds|||||
|Building fund||842,254|(22,207)|820,047|
|TOTAL FUNDS||950,439|(19,010)|931,429|
||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources
f|expended
f|in funds
f|
|Unrestricted||funds||||
|Genera|I fund||329,091|(325,894)|3,197|
|Restricted funds||||||
|Building|fund||480|(22,687)|(22,207)|
|TOTAL|FUNDS||329,571|(348,581)|(19,010)|
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