Charlty Rog15￿tIon No. 1130582 UNION BAPTIST CHURCH ANNUAL REPORT. UNAUDITED FINANCIAL STATEMENTS AND INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 UNION BAPTIST CHURCH LEGAL AND ADMINISTRATIVE INFORMATION Thi*t•8 A Wingfiekl ADCroft R E Wèston R W Mundy Y H Tchoudi S E W8st( K Batss R N Pantn'dge l O Manktelow Rev M K Hazel T M Bumlngham CECroft J A Hamilton S R Dykes (Appolnted 16 March 20211 IAppoint8d 16 March 20211 C C McNèmey Proporty Holdlng Tru8t•es: Church.. Baptist Union Corporation Ltd wilh Union Baptist Propety Trust8es Man89= B8Pti$l UnK)n Corporation Ltd Charlty numb•r 1130582 Prlnclpal addr•ss Easton Street, High Wycombe. Bucks HP11 1NJ Ind•pond•n¢ •xamlner Christopher Ni8bg1 IBA Honsl FCA 8ts Audit SeNces Suites B & D Bumham Yard Beacx)nsfiek Buckinghamshire HP9 2JH Bank•rs Barclays Bank PLC PO Box41, High Wycombe, HP112BG CAF Bank Limited 25 Kings Hill Avenue. Kings Hill, West Maling. Kant ME19 4JQ UNION BAPTIST CHURCH CONTENTS Pa Trustees, report Independent examinerfs repori Statement ol financial adivitios 9-10 Balance sheet 11 StatemeTht of flows 12 Ntstès to the financial statemerts 13-25 UNION BAPTIST CHURCH TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 The trustees present their raport 8rKI finanu81 st8témants fi* tha year endéd 31 Dèc8rnt￿r 2021. Thé financi81 statèments have been prepared in accordance wrth the accounting pdiaes set out in note 1 to the financial statements and cornply with th8 Church'5 trust d8gd. the Charitles Act 2011 and "Accounting and Reporting by Charities.. Statement ol R8eomm8nd8(I Practice applicable to tharits8s preparing th8ir account8 in accordance with the Financial Reporting Standard applicable in the UK and Republlc of Ireland IFRS 1021 leffectfve 1 JAnuAry 20191". R•fi•ctlons from th• Churth L•ad•rshlp on 2021 2021 motto t•xt'. "Oo not eonfomi to th• pattern of thls world. but bo transfornwd by th• r•n•wlng ol ywr mlnd." Roman• 12.2 Church S•cr•tarf8 R•port 2021 Our vgrse for the year focused on transfomiaUon and 2021 cartainfy was a yèar of eh8n99 and transformation In many arèas of ehureh lrfe and also in society as we came through changing Covid restrictions and tha amazing vaccAnation progr8mm8, r85ulting in th8 888ing of re8tri¢tions towards the end of the year. We live as God's new Crea￿.On$ in Christ and our Christian lif• is an ongoing pro¢ess of being transfomied and INing a life worthy of Him and one that points others to Him. Th8 question at the beglnnlng of th8 year was: would w8 b8 '98th'ng back to the Okl norm OT would we be looking fonv8rd to th8 New nomi7, Inevitably it has been a bit of both. Th• pattam of the y8ar c8rt8inly did not see us stsnding stlll. Old ministri93 were reassessed and new ones started. We have been continuously seeking, in God's s￿ngth. to buikl up the fellowship through regular contsct during lockdowns, by liv8strè8ming services and online meetings of all kinds, by daèpening Our pra￿r life through our Week of Prayer and a numb$r of add￿Onal Prayer groups, by sustaining our Young Peopks, work, and in 8 rang8 of ministri88 outlined in the reports whith follow on from Ihis oveNew. It was with sadness that we said goodbye to some of our bngstanding members. We appreciate all that they cwlributed to the church and we ar8 pleased that they are now involved In other church fèllowships local to them. We recwded with sadness the dèaths of som8 of our d8ar members. We have the assurance that thay are with thèir Lord in glory and thank God for their beautrful wiiness of faith over m8ny years and for their huge contribution to the lrfe of th8 church here al Union. It has also been very encouraging to w&l¢ome n M8￿berS into fellowship. A new and excithng developrnent h88 been the merger of the 21st High Wycombe scout group wth our own 12th High Wycombe scout group. Tha addltion of néw leaders that this has brought is a roal ancourag8mènt. There was a speaal Ihanks to one of our m6mbors for his 50 ygars of service to scoutiThJ with the local aThJ regional scout leaders participating in the celebration and recognlb.on of long $8rvic8. Cllmatè Chèngè vras much in the news and we wèrè challènged and encouraged as one of our mèmb&TS 8ttended the COP26 Climate Change COnfe￿nce in Gksgow. He was a d818gate representing YCCN (YoutYJ Christian Climate Ne￿rkI a group of young Chri31ian3 °choosing to follow Jesus in tha pursuit of dirnate justice.. We were challenged as individuals and as a thurch as to our stewardship of God's cmation. We continue to o)nsldar lh8 anvronrnental impact of our declsitsn5 including th03e invdved in the LiviThJ Stonès project. Our s8nlor pastor wa$ able to take his postponèd sabb8ti¢81 from May to August. Thls w89 a time of refreshment and restoration. Although he was not able to acce55 all that he had hoped, he had time to pray. r8ad and meditate on God's word. He relumed with r&newed &nargy and vi$ion for the future and his perspectivè on how we should 'come out of Covid. 8nd on the challenges of thls fot many, has proved very helpful as we nw)ve(I through to Christmas and Into 2022. UNION BAPTIST CHURCH TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2021 In August our young people wer8 able to take part in a Youth W88kand Away a day at Rock UK la Christian ouidoor aclivity c8ntre naar Northamptonl. Awond8rful time was had by all leaming what it means to follow Jesu5. ￿r thanks go to our Youth Pastor, for his ongoing work wth our young pgople. Septernbgr s8W the start of th8 n8w Babies and Toddlers group and it has been wonderful to 5ge the good nurnbers attending regularfy. We had a relaunch of the childr8n's work wth new nam9s ft)r thè diffèrent groups under the isearch bannèr. We have been blessed by our Ministy Traineg v+tho has been involved in all a8pecls of mini8ty 8nd h88 contributed wonderfully well in each area. His talents have been much appro¢iatgd in w0￿h&p sgNi¢8$ - In leading. in music and in preaching. A number of onlin8 coursas have been held. induding th& Blbl• Course and the Netsvork Cours8. A v8ry successful Homa Group leaders, tr8ining course was held in Novemb8r which also indudad Htstnè Group leaders from Speen Baptist Church. A Ladies Day on the subject of 'Str8ngth for Every Season. was a lovely lime of fellowship aswell as inspiring teaching from one of th& mlnlsty team at Gold Hill Baptist Chvrch. A slratsgy group was 6stablished which look•d at current actiwties, wh81 the nè&dg of town wer• and in which new dlrections we might b8 I￿. As a resurt ol this, the 'Slartlng and Re-starting Ministries guidelines. ¥nd the 'Serving in Union Baptist Ch¢Jrch Policy, were produced. Current ministries were asked to &83es8 whether they should restart and any new activitios SIMI￿rIY needed to eslablish rf they had 8 5UStainabl8 plan for the fvtur8. It was decided that Open Door would not reslart after 23 years but those in this group s8èking the Lord join8d a smaller group ca118d Face to Faith. We w8r8 abb to esl6brate vthat had bean achleved by God's grace at Open Door 0￿r tha years and we were 8bl8 to look forward lo the start of a CAP (Christians Against Poverty) Job Club which would seek to help those seeking employment and to introduce them to Jesu8 too. Our commvcment to ¢)V8rseas Missions was demonstrat8d by th6 regular prayer support given al the monthly Missions pfayer meeting. We were k8pt up to dale with regular extracts from praytr lèttèrs In Btoadc8St as well as arranging sPe￿al Zoom moetlngs whkh included some of our mlgsionary partners. Our level of financial giving has been maintainèd and we look lorward lo in-p8r50n visits as soon as it becomes p)ssI￿e in 2022. though the rental use of thè rooms ot the Hub has boeft much reduced, it dld allow for the planned refurblshment of thg Lowèr lfj"tchen to take place. It has been transfomied into a fully fvnclioning catering kitchen wth a lot of the finishing work being carrted out by our own volunteer5 and m8intsnance rnan. Our Ihanks go to our Hub team for faciliiating our church Irf• in all Its various facets, from Zoom meetings to YouTube servi¢e8. Tha complete re￿eSIgn and launch of the church website has b88n achieved and our thanks go to our administraior Ytho has $9gn this project through to such a good result. We would wish to recor¢J our gratitude lo our church finanee assistant on her retirement aftèr 12 years of wonderful Se￿Ce. We all work trs8th•r as the Body of Christ, sho%￿n9 our love to one another 8nd g￿lry God our prai88 and worship. There has indeed begn transfomiation in many areas and wè continuo to trust in our Heavenly Fathèr lor all our needs. Our thanks go to our Ministerial tsam for all th•ir loyal and committed servicè. We have beneffted hugety from th8 talènts. ministry and198d8rship ol our senior pastor and associata pastor. Th* assessments of our Plans and AspiraQons for 2021 arts sat out prior to this review and the hope is that you will hav8 been much enc£Juraged by tho$&. Wg look fon¥ard to new challonges in 2022, a￿ayS twstiThJ In God and not In our own wisdom. Roger Pantridgg. Church Secretary IAdmin Eld9rl UNION BAPTIST CHURCH TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Obl8ctl¥•¥ and actlvlths The prIn￿pIe wrpos8 ol the Church is thè 8dv8nc8mgnt of the Chri3lian faith accordlng to th& principles of thè Baptist d8nominatK)n. It is affiliated to th8 Baptist Union of Great Britsin and is also a member of tho Evangelical Allianco. Thè Church may also advance educakn.on and cary out other charitable purposes in the Unitgd Kingdom or other parts of tho worfd. To $oè High wy￿Mbe transfonned by God through His k>ving. serving and worshipplng church. Th8 church hav8 paid due reg￿d to guldance issuad by thè Ch8rty Commiss*)n in deciding what acifvltlsg the Churth should undèrtakts. Achlev•m•nts and parfonn4nce In fijlfflling its purpose, th8 Church eng8ges in a range of activlues atthèr on its own. or vAth others, that wll vary frorn time to time with activitiès bèing inilial8dlexpanded or closed as appropriatè. The activities may include, but are not restricted to.. Regular publFC worship. pr8y8r, Bible study, preachlng and taachlng B8plism by immersion Communion of the Lord s Supper Evangelism and mission Children and young peoples work Christkgn disaple5hip Educatlon and training for Christs'an and communmy s8rvlce Pastoral care Supptsrting and encouraging charilable soc581 *ion in the United Kingdom aThJ abroad Working with other Baptists and Christians Publle B•nèfit= In planning the activrtiès of tho tharity. the Managlng Trustoes have ¢on$idered the guidance on pubhc ben•fit issuad by the Charity Commlssion and ITr parb'cular the specific guidancè on charit185 for the advancement of r•ligk)n. Publle B•nèfrt •¢tlvlti We promote the centr81 twlhs of the Christian faith through our many Ministn'es and Teams, as w911 as through our regular Sunday worship services and activitS8s. Wè serve our local communty in High Wycornbe Ihrough our many community links and activltias. Our buildings 8rg very well used by tha communty to whom the love of God is Shown and dernonstrated. We seek lo make our p￿MiseS and activities as accessible as possSble so that all ran benefft. Many of our members are involved in local Ixjmmunity based activ511es e.g. High Wycombe Chlld Contact Centre and Chaplainryes. We run church-based activitias for the W and vulnerablo. We support Wywnbe Homeless Connection. We fund and support Christian misslon in other countn'es, prov•Jing help support lo those in need. UNION BAPTIST CHURCH TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 nn Our church m¢)tto tOXt lor 2021: "Do not ¢onlomi to th• patt•rn of th18 world, but b• transfomi•d by th• ron•YAng of your mlnd." Roman5 12-2 WO wught to follow thls th•m• durfng the year, •4p•elally In our focus on transfOrnia￿On In our Pernon￿ Ilv•s. our church Ilfe, and In our town and wld•r world. A¢hl•v•m•nt• and Perfomianc• At th8 St8rt of the year, we agreed a s&1 of prActical plans and aspiration3 for 2021, shown bek)w in nomal text. The comments in bèn•8th each show how well we met th￿¥ oblectlves. Plans and Asplratlon¥ for 2021 Ilnk•d to our valu•s ￿ a church We lo eonunue to embed our values in th& Ilf• and ministy of the thurch as we emerge from l¢Xkd￿￿l- Blbllcal - We will appoint a Minlstry Trainee 2021122 who will recgtV9 mini$tèrial tralnin9 as $helhe $erv98 amongst us 88 W8tl as attandlng 8¢￿ical Ministry Training in Oxford. Wa wlll encourag8 group and individual bibl8 study through home groups. Bible CThJr88S, the use of Bible apps and by producing semion home group notès. Joel Phillipsioined us in September and is benefiting gr8811y from the Minlsty Training cotffse m Oxfony. H8 has mad8 a valuèble contribution to all ar8as of church life. Thè 81bl& Coutse was deliver6d to a ¥wd8 of folk and ￿ have continued to pmvide exc811ent ènd challenging sem)on notes forpersonal and home group s&. Compassionat• - We will undertake a 8trat8gi¢ review prO￿s$ of the Community Ministry. We wll seek to support ond care for those suffering from anxi•ty and loss coming out of lock(lown and will hdd bereavement seMc8. A compr8h8ns1￿ f&vAeW of our Community Ministry took plac& and a number ol rgcomm&ndatlons we m8dg, including the setting up of a CAP Job Club. The Sanctuary Course, dav8loped by Mental Health Ministries, was delrv8red thr88 tirnes to a wide rnnge of churGh members. A Ber8èV8ment S8rvtiGe took place, wrth live-streaming, on th8 &v8ning of 16 May. Prayorful - We wll continue to S88k to bè dependent on God for everylhing and will hold a Week of Prayer lvirtuallyl and construct •ng8ging prayer rooms on our web sile. A Week of Pr8yer was hold during Ihe week of 7 - 14 February wilh many partKwttng and valumg th• opporknnit￿s &nd Ihe materi818 prowd8d. Sacrlflclal - W8 will appoint a contractor to ftlly $POCAfy Liwng Stones Project vAth a vlew to movlng ahead with bullding work in late summer on¢è ftjll costfings are known. We will also implemeTht new. accessible means of finanaal giving. A contractor w88 8PPOAntad In May to producg a fully bvdgotgd t8ndèr for tha Livin9 Stonos Proio¢t but inevitably th8 d8cision on moving ahead has bg8n dg18yèd to 2022. Wo can now contribute financially to the church vla our website and ChurGhSuit&. R•lational- When able to do so we seek to celebrate th¢ end of lockdown both wilh our comrnu￿ and as a fellowshlp. Continuing lockdown nre8Bur•s ha￿ been in place du& to th& new Wari8nts so thls wès not possibl8 untll 2022. UNION BAPTIST CHURCH TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Mls#lDn - We Sg8k to o)ntinue to bridge the dlsl8ncé t*tweén our f8llow8hip and mi3sion partners using technology. We s88k to strengthen our outra￿h to childrgn and familias by axpkjring th• appointrnent of children's and famllles workar. It has been a joy to be able to mg8t with 8 numb8r of Iwr ltink8d mission partners online, V￿ Zoom at thg monthly Missions Pr8y8rA4eeting. The continued lockdown measur6s ha￿ rjot allowed us to move foThvard in expknin9 th& appthntm8nl of 8 thildr8n's andfamilies worker. Worshlpfvl - We wll continue to malntain the open ¢Joor to Chd$fy'8n worship by pr￿notIng online semces and other virtual mèan5 of engagement and plan lo renew our website. We have ben&fitsd from otsr inst8118t￿n of 8xcell8nt streaming eouipment which has allowed &cc6ss to otjr r8gu18r n70ming sgrvicgs to many, both th8 churc17 famNIy 8nd beyond. Many of our small group mogtings havg b8&n able to wntinue wa Zoom. Wo have mado swnAficantprogr8ss ift rèn8WAng our web&te seeking to make it mor9 ¢xthvard.faeffng 8nd usgr.friendly. Fln•n¢lal r•vl•w In what has been another difficult and unc8rt8in ye8r, the Lord has been gracious in many ways. Including In relation to the ChU￿h 8 finances, and the felk)wship has continu8d to b8 faithfvl and generous in its giving both the general work of the thurch and to the Llving Stones sanctuary relurbishmant project. We started the financial year with a deficit budgèt and ended the year in a surplus positi￿, despite the rental incorne from the Hub being rnuch lower than hist￿1¢ lavals and b81ow budg9L This position was parbcularly due to hlghèr levels of gNing by th8 f811owship and was in a per*od wh•rè old activities Started up again and some new ones started or were planned. Wè giv& Ihanks to God that the financial resources have b86n 8v8ilablg lo support this ￿rk. Total off8rtory with gift aid lexduding Livlng Stc*)asl amountod to £280,e60 which was nearfy 20% atx)ve the budget and over £16.000 greater than 2020 Rentsl and rdated incoma tot8118d £37,001 - thi$ was about £26,000 b81ow the Incom• rèesivsd in 2020 and n88dy £100,000 lower than 2019. It w85 also about 25% below budget Total expenditure arnounted 19 £289,615 this year which was about 12¢/0 baltrw budget and more than £50.000 lower than in 2020 IduÈ to some larger single i¢ems of expenditure in that ￿ar Missions giving and SUPFh)rt lor our ministries and tgams was £48.837- this was nearly 15% of totsl income, excluding Living Stones Liwng Stones- total fttnds at th8 end of the year stTr)d at £857.064 Imad• up of th• r8POrted value in restricted funds of £628,714 in not8 16 with and the values from designated funds of £115,831 (Sanctuary Redevgloprnent Fund) and £112,519 18aptist Union Deposit Fund) from note 171. an increase of £176,505 on 2020, and takes account of £4,970 of expenditure in th8 year. General Fund- overall this ha5 inal instruments. Financial instruments are recognisgd in Ihg Church's balance shoet when the Church becomes party lo the contractu81 Fyovisions of thè instrument. Financial assets and liabilities are offset, with the net amounts prèsènted in the financial statements. when there is a legally enforceable right to sot off the recognised amounts and there is ar¢ intention lo settle on a nel b8SIS Of lo re81istr the asset and settle the liability simultaneously. Baslc lthanclal assets Basic financial assets. which include debtors and cash and bank balances. are initially measured al transaction price including transaction costs and are subsequenUy carried al am0￿$&d cost using th& effecbve interest method unless the arrangement constilules a fjnancing transaction. where the transaction is measured at the present value of the futu￿ receipts discounted at a market rate of interest. Financial 8ssels dassified as r￿e1vable within one year are not arnortised. Basic financial liabilities Basic financial liabilities, including ¢rgditOfS and bank loans are initsally ￿COgnISed at transaction price unless the arrang&ment constitutes a financing transaction, where the debt instmment is measured at the present value of the fvlure payments dis￿￿nted at a market rate of interest. Financial liabilities classified as payable within one year are not amorbsed. D•rocognition of finan￿al liabilitie Financial liabilities are derecognise(I when the contractual obligations expire or are discharged or cancelled. Crltlcal accountlng estimates and ludgemonts In the applic8lK)Th of the Church's 8c¢ounting poliaes, the trustees are required lo make judgements. estimatès and assumptions about the carrying amount of assets and liabil(ties that are not fèadily appar9nt from other sources. The estimates ar¥J associated assumptions arg based on historical experience and other factors that are cx)nsidered lo be relevant. Actual rgsulis may drfler from these eslimales. The gstimales and underlying assumptions are reviewed LY) an ongoing basis. Revisions to accounting estimates are recognised in the period in which thts eslim8te is rèvised whère the revision affects only that period, or in the period of the revision and future periods where the revision affects both current ar7d future periods. 15- UNION BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Donatlons and1ggaci9s Unrnstrlctèd Rostrlctèd funds funds Total Unrestricted Restricted funds funds Total 2021 2021 2021 2020 2020 2020 Donations and gifts Tax receivable 242,782 34.453 2,700 925 245.482 35,378 220,670 41,444 1.500 300 222.170 41,744 277,235 3,625 280.860 262,114 1,800 263.914 Charitabl• Activity 2021 2020 Charitable income 36.005 57,482 Nonwcharltable Income 2021 2020 Non-charilable income trading actiwties including rental Idaled income 996 5,614 Investments Endowment Endowment funds ftjnds deslgnated designated 2021 2020 Irrteresl receivatAe 626 1.350 16- ¥1 o UNION BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Charltabl• a￿1Yrt1•S Charilabl• Charltabl• EX￿nditur0Exp￿ndltUre 2021 2020 Minlslry Mission Esta￿lshMent Govemarhce costs 104,809 48,837 132.789 3,180 102.469 49,157 186,072 3,090 289.615 340.788 Analys15 by fund Unrestrictgd funds DeswJnated funds Restricted funds 274,203 8,892 6,520 278,083 38,777 23.928 289,615 340.788 Gov8m8n(% costs includès payments to th& Independent examlner of £3,180 12021> £3,090) for examination fees. Support costs Support Gov•manc• costs costs 2021 Support Govemanca oJsts 2020 Bank chargtss IT Office c03ts Other costs Independent exarninalion 509 2,631 73.921 55,728 509 2,631 73,921 55.728 420 1,477 84,992 99,183 420 1,477 84,992 99.183 3,180 3.180 3.090 3,090 132,789 3,180 135,969 186,072 3,090 189,162 18- UNION BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 10 Grants payablè 2021 2020 Grants to institutions.. BUGB Home Missbn BMS W0￿d Mission oth8r th8rs88s Missson UK and Locd Mission other 7,750 9,000 7,697 9,700 14,690 8.000 9.000 11,605 7,900 12,652 48,837 49,157 11 Trwtg9• Othw than Mlnislèrs Is•8 not8 12). non• of th8 trustees received any remuneration or benefits from the church during the year12020= nill. During the year the church paid remunerotion of £17.93412020.' £21,763) to employees, who were related b) Iruslees. 12 Employo•s Th8 avgragè monthly numbw of 8mploy88s dutlng the year was.. 2021 NuM￿r 2020 NuM￿r 11 Wages and salaries Social security costs Other pension costs Other costs (Counrjl tsx, wAtsr, tel8FxJn8) 142.701 6.688 11,104 20,032 154,133 6.883 10.512 20.215 180,525 191.743 No aM￿OYee received ernduments in exces5 of £60,000 during the year. The tsvo Ministews act as church's trustees in accA)rdance wth th& chLtrch constitution and recaived rsmuneration of £58.900 12020.. £58,900) and other benefits in respect of their services as Ministers. induding the pmision of manse accommodation, one being owned by th8 church and the other being fented by the church frC￿ the Minister and his spouse. £666 In total was r8imburs¢d to the Truste98 in respect of gxpons•8 incurred a3 Tru3tees 12020.. £6861. 19 UNION BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 13 Tanglbl• flxed a8BOt8 Frryqhdd l•nd and bulldlng• Cost At 1 January 2021 Rev81uation 1,783.800 55.891 At 31 December 2021 1,839,491 C•milng amount At 31 Dacèmbar 2021 1.839.491 At 310ecember 2020 1.783.600 AJI of the fixed assets are used for direct Charitable purposes. As 8t 31 D8(xfflb8r 2021 thè main Church sito was recognised in the accounts with a valu• of £1.150.000 12020.. £1.150,0001, based upon a fomal valualion undertaken in April 2020. As at 31 De¢8mber 2021, the Manse was recogNsed in the accounts a value of £689,491 12020.. £633,6001. based upon an Informal update to the valuation undertaken by the trusts8s wth refer&nc• to thè Nat￿nwide House Price Index. 14 Debtorn 2021 2020 Amounts fvlllng dug wllhln on• ￿r. Trade debtors Other debtors Prapayments and accrued incom& 2.353 5,423 1,050 14.588 17,005 19,358 21.061 15 Cr•dltors'. amount8 falllng du? T*lthln ono y••r 2021 2020 othar cr8drtors AccruAI$ 8nd d•farr8d incthm• 13,831 7,077 17.009 28.313 20,￿8 45,322 8%8 ¢J 22>8 R s P(L iu ¢03 O ￿ Q (? i Ll ts Lr) (N r CYQ) Or sr r rr* O)Q)l* r ## **UNION BAPTIST CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ |**18**
**Analysis of net assets between funds**
**Unrestricted**
**funds**
**Designated**
**funds**
**Restricted**
**funds**
**Endowment**
**funds**
**2021**
**2021**
**2021**
**2021**
**£**
**£**
**£**
**£**
Fund balances at 31
December 2021 are
represented by:
Tangible assets
-
-
-
1,839,491
Current assets/(liabilities)
149,493
301,161
654,977
-
149,493
301,161
654,977
1,839,491|**Total**Unrestricted
funds
Designated
funds
**2021**
2020
2020
**£**
£
£
1,839,491
-
-
1,105,631
122,458
288,552
2,945,122
122,458
288,552|Restricted
funds
Endowment
funds
2020
2020
£
£
-
1,783,600
476,570
-
476,570
1,783,600|Total
2020
£
1,783,600
887,580
2,671,180| |---|---|---|---| - 24 - ## **UNION BAPTIST CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **19 Related party transactions** The custodian Trustee of the church is the Baptist Union Corporation Limited which is charity number 249635, and which is controlled by the Baptist Union Council. The church is also a member of the Baptist Union of Great Britain, and the Central Baptist Association. There were no transactions between the church and its related charities during the current or prior year . |**20**
**Cash generated from operations**
Surplus for the year
Adjustments for:
Investment income recognised in statement of financial activities
Movements in working capital:
Decrease in debtors
(Decrease)/increase in creditors
**Cash generated from operations**|**2021**
**£**
218,051
(626)
1,703
(24,414)
194,714|**2020**
**£**
220,973
(1,350)
41,748
21,163
282,534| |---|---|---| ## 21 **Analysis of changes in net funds** The Church had no debt during the current or previous year. - 25 -