|||Page||
|---|---|---|---|
|Reference and Administrative
Details||||
|Report ofthe Trustees|2|to|6|
|Independent
Examiner's
Report||||
|Statement ofFinancial Activities||||
|Balance Sheet||||
|Notes tothe Financial Statements|10|to|19|
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|TRUSTEES||The Revd M Huckle (Senior Pastor)|The Revd M Huckle (Senior Pastor)|The Revd M Huckle (Senior Pastor)|The Revd M Huckle (Senior Pastor)|
|---|---|---|---|---|---|
|||Mr H Francis (Treasurer)||||
|||Mr SReynolds|(resigned 1.4.22)|||
|||Mrs M Murray||||
|||Mr P Pike||||
|||Mr C Ridout||||
|||Mr J Frowd||||
|||Mr R King||||
|||Mr A Price (appointed 13.7.22)||||
|||Mr N Tuck (appointed 13.7.22)||||
|||Mr M Hones (appointed 19.10.22)||||
|||Mr J A Shepherd||(appointed 1.7.23)||
|PRINCIPAL ADDRESS||283a Salisbury|Road|||
|||Totton||||
|||Southampton||||
|||SO40 3LZ||||
|REGISTERED CHARITY NUMBER||1129913||||
|INDEPENDENT|EXAMINER|Sheen Stickland||||
|||Chartered
Accountants||||
|||2 Oriel Court||||
|||Omega Park||||
|||Alton||||
|||Hampshire||||
|||6U34 2YT||||
|BANKERS||Lloyds Bank pic||||
|||30Commercial||Road||
|||Totton||||
|||Southampton||||
|PROPERTY TRUSTEES||The Baptist Union Corporation|||Limited|
|||Baptist House||||
|||129Broadway||||
|||Didcot||||
|||Oxfordshire||||
|||OX11BRT||||
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|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||fund|funds|funds|funds|
||||Notes|f|E|f|f|
|INCOME AND ENDOWMENTS||FROM||||||
|Donations|and legacies|||332,159||332,159|295,314|
|Charitable|activities|||||||
|Charitable|activities|||4,019||4,019|4,469|
|Investment|income|||13||13|3|
|Other income|||||||1,547|
|Total||||336,191||336,191|301,333|
|EXPENDITURE ON||||||||
|Charitable|activities|||||||
|Ministry||||185,865||185,865|174,003|
|Establishment||||102,755|21,582|124,337|119,431|
|Mission||||26,010|2,750|28,760|27,440|
|The Hub||||1,125||1,125|556|
|Governance|costs|||6,704||6,704|5,348|
|Total||||322,459|24,332|346,791|326,778|
|NET INCOME/(EXPENDITURE)||||13,732|(24,332)|(10,600)|(25,445)|
|RECONCILIATION
OF FUNDS||||||||
|Total funds|brought forward|||119,389|772,427|891,816|917,261|
|TOTAL FUNDS CARRIED FORWARD||||133,121|748,095|881,216|891,816|
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|||||2022|2021|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||fund|funds|funds|funds|
||Notes|f|f|f|f|
|FIXEDASSETS||||||
|Tangible assets|11|106,125|747,000|853,125|878,972|
|CURRENT ASSETS||||||
|Debtors|12|14,776||14,776|10,541|
|Cash at bank|13|18,320|1,095|19,415|31,203|
|||33,096|1,095|34,191|41,744|
|CREDITORS||||||
|Amounts
falling due within one year|14|(6,100)||(6,100)|(5,000)|
|NET CURRENT ASSETS||26,996|1,095|28,091|36,744|
|TOTAL ASSETS LESSCURRENT LIABILITIES||133,121|748,095|881,216|915,716|
|PROVISIONS FOR LIABILITIES|15||||(23,900)|
|NET ASSETS||133,121|748,095|881,216|891,816|
|FUNDS|16|||||
|Unrestricted
funds||||133,121|119,389|
|Restricted funds||||748,095|772,427|
|TOTAL FUNDS||||881,216|891,816|
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|DONATIO|NS
AND LEGACIES|||
|---|---|---|---|
|||2022|2021|
|||f|E|
|Offering|and donations|282,181|249,677|
|Gift aid||49,978|44,792|
|Weddings|and funerals||845|
|||332,159|295,314|
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|INVESTMENT INCOME||||||
|---|---|---|---|---|---|
|||||2022|2021|
|||||f|f|
|Bank interest||||13||
|INCOME FROM CHARITABLE|ACTIVITIES|||||
|||||2022|2021|
||Activity|||f|f|
|Rents received|Charitable|activities||2,745|3,410|
|The Hub|Charitable|activities||1,274|1,059|
|||||4,019|4,469|
|GRANTS PAYABLE||||||
|||Unrestricted|Restricted|Total|Total|
|||||2022|2021|
|||||f|f|
|Youth and Families Matter||10,350||10,350|13,200|
|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|
|Tearfund|||||730|
|Dugmore
-donation towards|vehicle||||2,900|
|Dugmore
-donations|||||500|
|JTuck - towards
moving expenses|||||700|
|Mission trip (G Houghton)|||||250|
|Totton Fun Day- donation||3,000|2,000|5,000||
|British Youth for Christ|||750|750||
|Aid for Ukraine||5,000||5,000||
|||26,010|2,750|28,760|27,440|
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||2022|2021|
|---|---|---|
|Employees|7|7|
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|||||Unrestricted|Restricted|Tata
I|
|---|---|---|---|---|---|---|
|||||fund|funds|funds|
|||||E|f|f|
|INCOME AND ENDOWMENTS|||FROM||||
|Donations|and legacies|||292,784|2,530|295,314|
|Charitable|activities||||||
|Charitable|activities|||4,469||4,469|
|Investment|income|||3||3|
|Otherincome||||1,547||1,547|
|Total||||298,803|2,530|301,333|
|EXPENDITURE ON|||||||
|Charitable|activities||||||
|Ministry||||174,003||174,003|
|Establishment||||90,053|29,378|119,431|
|Mission||||27,190|250|27,440|
|The Hub||||556||556|
|Governance|costs|||5,348||5,348|
|Total||||297,150|29,628|326,778|
|NET INCOME/(EXPENDITURE)||||1,653|(27,098)|(25,445)|
|RECONCILIATION
OF FUNDS|||||||
|Total funds|brought|forward||117,736|799,525|917,261|
|TOTAL FUNDS CARRIED FORWARD||||119,389|772,427|891,816|
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||||BPSDBPlan|
|---|---|---|---|
|Date ofvaluation|||31December 2019|
|Date of next valuation|||31December 2022|
|Market value ofscheme assets
Technical
provisions
(B)|(A)||f298m
f316m|
|Deficit [(B)- (A)]|||f18m|
|Funding
level [(A)/ (B)]|||94%|
|The key financial
assumptions|underlying|the valuation|were as follows;|
|||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 (BUSPS only)|n/a|
|Assumed
investment
returns|||
|- Pre-retirement||2.95|
|- Post retirement||1.70|
|Deferred pension|increases||
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|—Pre April 2009|3.20|
|---|---|
|- Post April 2009|2.50|
|Pension increases||
|- Main Scheme Pension|2.70|
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||||||31.12.22|31.12.21|
|---|---|---|---|---|---|---|
||||||f|f|
|Balance sheet liability at|year|start|||23,900|29,615|
|Minus deficiency contributions||paid|||(3,023)|(5,098)|
|Interest cost (recognised|in SOFA)||||448|243|
|Remaining
change to balance||sheet liability'|(recognised|in SOFA)|(21,325)|(860)|
|Balance sheet liability at|year|end||||23,900|
|valued
using the following
ass|umptions
se|t by reference to|the duration ofthe def|icit recovery pay|ments:|
|---|---|---|---|---|---|
|Accounting
date|||31.12.22|31.12.21|31,12.20|
|Discount rate|||5.7%|2.0%|0.9%|
|Future increases to Minimum|Pensionable|Income|0.0%|4.1%|3.5%|
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|TANGIBLE FIXEDASSETS||||||
|---|---|---|---|---|---|
||||Furniture|||
||Church||and|Computers||
||premises|Manse|fittings|&equipment|Totals|
||f|f|E|f|f|
|COST||||||
|At 1stJanuary 2022|1,061,713|97,000|100,695|49,986|1,309,394|
|Additions|||4,790|2,205|6,995|
|Disposals|||(4,043)|(2,529)|(6,572)|
|At 31st December 2022|1,061,713|97,000|101,442|49,662|1,309,817|
|DEPRECIATION||||||
|At 1stJanuary 2022|294,161||94,554|41,707|430,422|
|Charge for year|21,234||2,443|6,402|30,079|
|Eliminated
on disposal|||(1,280)|(2,529)|(3,809)|
|At 31st December 2022|315,395||95,717|45,580|456,692|
|NET BOOK VALUE||||||
|At 31st December 2022|746,318|97,000|5,725|4,082|853,125|
|At 31st December 2021|767,552|97,000|6,141|8,279|878,972|
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||||||2022|2021|
|---|---|---|---|---|---|---|
||||||E|f|
|Accrued income|—Gift Aid||||14,776|10,541|
|CASH AT BANK|||||||
||||||2022|2021|
||||General|Gordon Tuck|Total|Total|
||||fund|Fund|funds|funds|
||||f|E|E|E|
|Lloyds Current Account||—No 1|2,434|1,095|3,529|4,575|
|Lloyds Current Account||—No 2|15,235||15,235|26,125|
|Hub Account|||651||651|503|
|Total|||18,320|1,095|19,415|31,203|
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||||||||||
|---|---|---|---|---|---|---|---|---|
|14.|CREDITORS:|AMOUNTS||FALLING|DUE WITHIN ONE YEAR||||
||||||||2022|2021|
||||||||E|E|
||Accruals and|deferred income|||||6,100|5,000|
|15.|PROVISIONS|FOR LIABILITIES|||||||
||||||||2022|2021|
||||||||f|f|
||Defined benefit||pension|scheme|liability|||23,900|
|16.|MOVEMENT|IN|FUNDS||||||
||||||||Net||
||||||||movement|At|
|||||||At 1.1.22|in funds|31.12.22|
|||||||E|f|E|
||Unrestricted|funds|||||||
||General fund|||||119,389|13,732|133,121|
||Restricted funds||||||||
||Building fund|||||768,582|(21,582)|747,000|
||Gordon Tuck|Fund||||3,845|(2,750)|1,095|
|||||||772,427|(24,332)|748,095|
||TOTAL FUNDS|||||891,816|(10,600)|881,216|
||Net movement||in funds,|included|in the above are as follows:||||
|||||||Incoming|Resources|Movement|
|||||||resources|expended|in funds|
|||||||E|f|f|
||Unrestricted|funds|||||||
||General fund|||||336,191|(322,459)|13,732|
||Restricted funds||||||||
||Building fund||||||(21,582)|(21,582)|
||Gordon Tuck|Fund|||||(2,750)|(2,750)|
||||||||(24,332)|(24,332)|
||TOTAL FUNDS|||||336,191|(346,791)|(10,600)|
##
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|||||Net||
|---|---|---|---|---|---|
|||||movement|At|
||||At 1.1.21|in funds|31.12.21|
||||f|f|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|
|Comparative|net movement|in funds, included|in the above are as follows:|||
||||Incoming|Resources|Movement|
||||resources|expended|in funds|
||||f|f|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)|
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