| TRUSTEES | The Revd M Huckle (Senior Pastor as from 1.9.21) | The Revd M Huckle (Senior Pastor as from 1.9.21) | The Revd M Huckle (Senior Pastor as from 1.9.21) | The Revd M Huckle (Senior Pastor as from 1.9.21) | |
|---|---|---|---|---|---|
| Mr H Francis (Treasurer) | |||||
| Mr SReynolds | (resigned 1.4.22) | ||||
| Mrs M Murray | |||||
| Mr P Pike | |||||
| Mr C Ridout | |||||
| Mrs K Elkins (Administrator) | (resigned 7.11.21) | ||||
| Mr J Frowd | |||||
| Mr R King | |||||
| Mr 3 Murray (resigned 15,3.21) | |||||
| Mr A Price (appointed 13.7.22) | |||||
| Mr N Tuck (appointed 13.7.22) | |||||
| PRINCIPAL ADDRESS | 283a Salisbury | Road | |||
| Totton | |||||
| Southampton | |||||
| SO40 3LZ | |||||
| REGISTERED CHARITY NUMBER | 1129913 | ||||
| INDEPENDENT | EXAMINER | D A Sanders BA |
(Hons) FCA | ||
| Sheen Stlckland | 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 | |||||
| OX11BRT |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| funcl | funds | funds | funds | |||
| Notes | E | f | E | |||
| INCOME AND ENDOWMENTS | FROM | |||||
| Donations and legacies |
292,784 | 2,530 | 295,314 | 302,415 | ||
| Charitable activitIes |
||||||
| Charitable activities |
4,469 | 4,469 | 4,384 | |||
| Investment Income |
3 | 3 | 10 | |||
| Other income | 1,547 | 1,547 | ||||
| Total | 298,803 | 2,530 | 301,333 | 306,809 | ||
| EXPENDITURE ON | ||||||
| Charitable activities |
||||||
| Ministry Establishment Mission The Hub Governance costs |
174,003 90,053 27,190 556 5,348 |
29,378 250 |
174,003 119,431 27,440 556 5,348 |
183,468 108,302 21,210 2,369 5,628 |
||
| Total | 297,150 | 29,628 | 326,778 | 320,977 | ||
| NET INCOME/(EXPENDITURE) | 1,653 | (27,098) | (25,445) | (14,168) | ||
| RECONCILIATION OF FUNDS |
||||||
| Total funds brought forward | 117,736 | 799,525 | 917,261 | 931,429 | ||
| TOTAL FUNDS CARRIED FORWARD | 119,389 | 772,427 | 891,816 | 917,261 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | funds | funds | funds | ||
| Notes | E | E | f | F | |
| FIXEDASSETS | |||||
| Tangible assets | 110,390 | 768,582 | 878,972 | 904,098 | |
| CURRENT ASSETS | |||||
| Debtors | 12 | 10,541 | 10,541 | 11,207 | |
| Cash at bank | 13 | 27,358 | 3,845 | 31,203 | 36,131 |
| 37,899 | 3,845 | 41,744 | 47,338 | ||
| CREDITORS | |||||
| Amounts falling due within one year |
(5,000) | (5,000) | (4,560) | ||
| NET CURRENT ASSETS | 32,899 | 3,845 | 36,744 | 42,778 | |
| TOTAL ASSETS LESSCURRENT LIABILITIES | 143,289 | 772,427 | 915,716 | 946,876 | |
| PROVISIONS FOR LIABILITIES | 15 | (23,900) | (23,900) | (29,615) | |
| NET ASSETS | 119,389 | 772,427 | 891,816 | 917,261 | |
| FUNDS | |||||
| Unrestricted funds |
119,389 | 117,736 | |||
| Restricted funds | 772,427 | 799,525 | |||
| TOTAL FUNDS | 891,816 | 917,261 |
| INCOME FROM CH | A | RITABLE ACTIVITIES | |||||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| Activity | f | f | |||||
| Rents received | Charitable | activities | 3,410 | 3,510 | |||
| The Hub | Charitable | activities | 1,059 | 874 | |||
| 4,469 | 4,384 | ||||||
| GRANTS PAYABLE | |||||||
| Unrestricted | Restricted | Total | Total | ||||
| 2021 | 2020 | ||||||
| f | f | f | |||||
| Youth and Families | Matter | 13,200 | 13,200 | 13,550 | |||
| Hour of Revival (Dugmores) | 1,500 | 1,500 | 1,500 | ||||
| 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 | 240 | ||||
| Southern CBA |
100 | 100 | 100 | ||||
| Watermans - donations | 1,500 | 1,500 | |||||
| Tearfund | 730 | 730 | |||||
| Dugmore - donation | towards vehicle | 2,900 | 2,900 | ||||
| Dugmore - donations | 500 | 500 | |||||
| J Tuck - towards moving expenses |
700 | 700 | |||||
| Mission trip (G Houghton) | 250 | 250 | |||||
| 27,190 | 250 | 27,440 | 21,210 |
| STAFF COS | TS | ||||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| f | f | ||||
| Wages and | salaries | 154,287 | 172,961 | ||
| Socia I security costs | 9,077 | 10,733 | |||
| Other pension costs | 8,666 | (2,771) | |||
| 172,030 | 180,923 | ||||
| The average | monthly | number ofemployees | during the year was as follows: | ||
| 2021 | 2020 | ||||
| Employees | 7 | 8 |
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
|||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| fund | funds | funds | |||
| f | f | ||||
| INCOME AND ENDOWMENTS | FROM | ||||
| Donations | and legacies | 300,250 | 2,165 | 302,415 | |
| Charitable | activities | ||||
| Charitable | activities | 4,384 | 4,384 | ||
| Investment | income | 10 | 10 | ||
| Total | 304,644 | 2,165 | 306,809 | ||
| EXPENDITURE ON | |||||
| Chailtable | activities | ||||
| Ministry | 183,468 | 183,468 | |||
| Establishment | 85,615 | 22,687 | 108,302 | ||
| Mission | 21,210 | 21,210 | |||
| The Hub | 2,369 | 2,369 | |||
| Governance | costs | 5,628 | 5,628 | ||
| Total | 298,290 | 22,687 | 320,977 | ||
| NET INCOME/(EXPENDITURE) | 6,354 | (20,522) | (14,168) | ||
| RECONCILIATION OF FUNDS |
|||||
| Total funds | brought forward | 111,382 | 820,047 | 931,429 | |
| TOTAL FUNDS CARRIED FORWARD | 117,736 | 799,525 | 917,261 |
| BPSDB Plan | ||
|---|---|---|
| Date ofvaluation | 31December 2019 | |
| Date ofnext valuation | 31December 2022 | |
| Market value ofscheme assets (A) | f298m | |
| Technical provisions |
(B) | f316m |
| Deficit [(B)- (A)] | f18m | |
| Funding level [(A)/ (B)] |
94% |
| BPS | |||
|---|---|---|---|
| Type assumption | %pa | ||
| RPI price Inflation | assumption | 3.20 | |
| CPI price inflation | assumption | 2.70 | |
| Minimum Pensionable |
Income increase (BPSonly) | 3.20 | |
| Pensionable Salary increases (BUSPSonly) |
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 |
| 31.12.21 | 31.12.20 | |||||
|---|---|---|---|---|---|---|
| E | E | |||||
| Balance sheet liability at | year | start | 29,615 | 47,531 | ||
| Minus deficiency contributions paid Interest cost (recognised in SOFA) |
(5,098) 243 |
(3,758) 776 |
||||
| Remaining change to balance |
sheet liability' | (recognised | in SOFA) | (860) | (14,934) | |
| Balance sheet liability at | year | end | 23,900 | 29,615 |
| following assumptions set by |
reference to | the duration ofthe d |
eficit recovery payments: | ||
|---|---|---|---|---|---|
| Accounting date |
31.12.21 | 31.12.20 | 31.12.19 | ||
| Discount rate | 2.0% | 0.9% | 1.7% | ||
| Future increases to Minimum | Pensionable | Income | 4.1% | 3.5% | 3.2% |
| TANGIBLE FIXEDASSETS | |||||
|---|---|---|---|---|---|
| Furniture | |||||
| Church | and | Computers | |||
| premises f |
Manse f |
fittings f |
&equipment f |
Totals f |
|
| COST | |||||
| At 1stJanuary 2021 | 1,061,713 | 97,000 | 100,695 | 57,185 | 1,316,593 |
| Additions | 7,458 | 7,458 | |||
| Disposals | (14,657) | (14,657) | |||
| At 31st December 2021 | 1,061,713 | 97,000 | 100,695 | 49,986 | 1,309,394 |
| DEPRECIATION | |||||
| At 1stJanuary 2021 | 272,927 | 90,248 | 49,320 | 412,495 | |
| Charge for year | 21,234 | 4,306 | 7,044 | 32,584 | |
| Eliminated on disposal |
(14,657) | (14,657) | |||
| At 31st December 2021 | 294,161 | 94,554 | 41,707 | 430,422 | |
| NET BOOK VALUE | |||||
| At 31st December 2021 | 767,552 | 97,000 | 6,141 | 8,279 | 878,972 |
| At 31st December 2020 | 788,786 | 97,000 | 10,447 | 7,865 | 904,098 |
| All ofthe fixed assets | are used for direct charitable | purposes. | |||||
|---|---|---|---|---|---|---|---|
| 12. | DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE | YEAR | ||||
| 2021 | 2020 | ||||||
| f | f | ||||||
| Accrued income - Gift | Aid | 10,541 | 11,207 | ||||
| 13. | CASH AT BANK | ||||||
| 2021 | 2020 | ||||||
| General | Gordon Tuck | Total | Total | ||||
| fund | Fund | funds | funds | ||||
| f | f | f | f | ||||
| Lloyds Current Account - No 1 | 730 | 3,845 | 4,575 | 3,827 | |||
| Lloyds Current Account - No 2 | 26,125 | 267125 | 25,733 | ||||
| Hub Account | 503 | 503 | |||||
| Lloyds Building Fund | Account | 6,571 | |||||
| Total | 27,358 | 3,845 | 31,203 | 36,131 |
| 14. | CREDITORS: | AMOUNTS | AMOUNTS | AMOUNTS | FALLING | DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||||
| f | f | ||||||||
| Accruals and | deferred | income | 5,000 | 4,560 | |||||
| 15. | PROVISIONS | FOR LIABILITIES | |||||||
| 2021 | 2020 | ||||||||
| f | f | ||||||||
| Defined benefit | pension | scheme | liability | 23,900 | 29,615 | ||||
| 16. | MOVEMENT | IN | FUNDS | ||||||
| Net | |||||||||
| movement | At | ||||||||
| At 1.1.21 | in funds | 31.12.21 | |||||||
| f | |||||||||
| Unrestricted | funds | ||||||||
| General fund | 117,736 | 1,653 | 119,389 | ||||||
| RestrIcted funds | |||||||||
| Building fund | 797,840 | (29,258) | 768,582 | ||||||
| Gordon Tuck | Fund | 1,685 | 2,160 | 3,845 | |||||
| 799,525 | (27,098) | 772,427 | |||||||
| TOTAL FUNDS | 917,261 | (25,445) | 891,816 | ||||||
| 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 | 298,803 | (297,150) | 1,653 | ||||||
| Restricted funds | |||||||||
| Building fund | 120 | (29,378) | (29,258) | ||||||
| Gordon Tuck | Fund | 2,410 | (250) | 2,160 | |||||
| 2,530 | (29,628) | (27,098) | |||||||
| TOTAL FUNDS | 301,333 | (326,778) | (25,445) |
| Net | ||||||
|---|---|---|---|---|---|---|
| movement | At | |||||
| At 1.1.20 | in funds | 31.12.20 | ||||
| f | 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 | |||
| Comparative | 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) |