OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2020-12-31-accounts

Contents Page
Reference and Administrative
information		 2
Trustees'
Annual
Report		 3-6
Independent
Examiner's
Report		 7
Statement
of Financial Activities		 8
Balance Sheet 9
Notes to the financial statements 10-20

tD
CI
CII		 6$0I- 44 O
N
00		 O
N
00		 W CD
CO
CDO&
P&~ CV
Al P4
CD		 W CD
CO
CDO&
P&~ CV
Al P4
CD		 OO
LA		 OO
LA		 ClO
CV		 lA
CQ		 P)
lA		 ' P)
LA		 CV
CD
CO
Al		 CO
CO
CD Ol
I I
I		 I I lO
t0		 IA
CO		 ' lO
t0
E
0
C
ILJ
'U
VI		 CD I ~
I		 N
LA
O
CV
IA
O		 lO CD O
LQ		 lA
CD
IA
Vl Al
Cl
CL
'U
ID		 CV
CI		 WCO
CDCO		 CO
A		 CD
CV		 CO
CV
V LA
M CO CD C9 O
CD
CD
ID
CV
ID
CV		 0$0I- 4l CD
CV
O		 LO~
W~
O r
CO~		 v-
CD
O
LA
IA lO
C I I
I		 I CO (0
E
0
C
LU
L-
'UI CQ
LO		 I ~
C0		 I I IA I lO ttt
ILI
V C4
LO		 CV O
MI (0
C		 C
's
p
V
M		 LO CO
W
O CO
CO
LA		 ~
CD
O
IA		 O
O
Cl		 O
Cl
Cl		 IA
COO
tX)		 IA
CO
Cl
00		 Ol
Cl
CI
CD		 CO
COO
CD		 M
M
C
m		 S
C
O
Vl
CD Cl02 GRDCE VlI
E		 O
CV
Cl
CV
(9		 Cl
CV
Cl
C4
ttl
E
V
ClD		 LI
0
MI
VI
Vl
0
Q
C		 00
ID
0
O
ttt8
ILl
I
M
M
O
CD.)
tD O
ttt
E C
CD
(0 C
M~
CU
I p
s
0c~
t0
ILI
V 0~
COO		 M
CD
Cg
M I
), tLI 0
eE"
C
0
M
'
0)ID
ca0		 E0VC
ttt0I-		 IDI
VI
Q.
ID
C 8I
0. Gl w
X& 0
ILI0I-		 MI
)c
C0
VlC
Ql
M
LD
M
M
I
2		 E
0V
P.
C
ttl
0.
ttl
ID
2		 M
Vl
a
I
I—		 M
'U
E
)0
I
2		 C
Z
Ql
0
M
LL		 ttt
'U
ttt
0
'U
Cl
V
M
'U
LL		 Ql
LLI
M
CD
O
ID
Qc
LLI
L
ttl
ID
I—		 ttt
ttl
O
S
0
C0
2
2020 2019
Note
Fixed assets
Tangible fixed assets 808,661 817,434
Investments 9 108 10872
817,769 828,306
Current assets
Debtors 10 11,996 29,760
Cash at bank and in hand 11 150665 137736
162,661 167,496
Creditors: Amounts falling due
within one year 12 (~12631 (~16614
Net current assets 150030 150882
Total assets less current liabilities 967,799 979,188
Provisions
for liabilities		 and charges 13 ( 29068) ( 46 524)
Net assets ~731 932 664
Funds
Designated
funds		 16 867,790 880,032
Pension
Provision		 fund 16 (29,068) ( 46,524)
General funds 16 69560 66689
Unrestricted
funds		 16 908,282 900,197
Endowments 14 9,108 10,872
Restricted funds 15 21 341 21 595
Total funds 17 938731 932 664

DONATIONS
AND		 LEGA IES 2020 2019
Unrestricted Restricted Total Total
Cash collections, standing orders,
voluntary
offerings,		 and donations 35,140 4,331 39,471 53,584
Grants 881 881 12,697
Tax recoverable 9,020 925 9,945 13,763
Legacies 2 000
5k29Z 8~44
INCOME FROM INVESTMENTS
Total Total
Unrestricted Restricted Endowment 2020 2019f
Bank interest 648 39 687 773
Other interest 815
Dividends ~48 424
4~		 424
1 111		 521
~109
CHARITABLE ACTIVITIES
2020 2019
Direct
Grant Funding		 Support Total Total
costs
of		 Activities costs
(see note 5) (see note 6)
Ministry:
Staff costs 27,327 2?,327 21,503
Pension scheme liability (13,778) (13,778) 1,787
Manse 8,685 8,685 8,191
Other 2,072 17,572 19,644 17,232
Mission:
Grants payable 7,567 7,567 11,096
Establishment:
Repairs and maintenance 15,571 15,571 61,484
Heat, light and water 16,867 16,867 22,633
Insurance 6,698 6,698 6,530
Depreciation 9,367 9,367 11,818
Other 8795 8795 10226
LM7 ~1572 ~10674 ~12~0

During the year grants wer e payable
in fu		 rtherance
ofthe charity's ob		 jects as follows:
2020 2019
Grants to institutions
Home Mission 2,260 1,500
Baptist Missionary
Society		 1,560 1,000
London Baptist Property Board 300 5,820
Other Gifts under E2,000each 3447 2 776
7 567 11 086
SUPPORT COSTS
2020 2019
Telephone 134
Subscriptions 481 681
Bank charges 183 337
Governance
costs: Independent
examination		 2,942 3,078
Professional
services		 8,526 471
Internet 957 253
Miscellaneous
expenses		 4483 5782
~1757
STAFF COSTS AND RELATED PARTY TRANSACTIONS 2020 2019
Salaries 24,000 16,617
Social security costs
Pension costs 3,327 4,886
Operating
costs of defined		 benefit pension scheme (13,778) 1,787
Other costs: reimbursement ofexpenses and council tax 3672
~221		 3 100
~23~9

11 CASH AT BANK AND IN HAND CASH AT BANK AND IN HAND CASH AT BANK AND IN HAND 2020 2019
Lloyds: current account 36,950 20,600
Lloyds: deposit account 2,426 2,425
CAF Cash 717 717
LBPBGeneral
Funds		 33,652 32,629
LBPBEndowment
Funds		 12,864 12,402
LBPBManse Funds 28,153 33,524
Baptists Together 7 day Notice 35,903 5,064
Baptists Together
1 yr fixed		 30 375
150665 1377
12 CREDITORS 2020 2019
Trade Creditors 9,721 13,794
Accruals 2810 2 820
12 631 ~1661
13 PROVISIONS FOR LIABILITIES
Liability at 1 January 2020 46,524
Deficiency contributions paid in year (3,678)
Reduction
in provision		 i13778i
Liability at 31 December 2020 2~068
provision
has been valued
u
deficit recovery payments:		 sing
the follo		 wing
assu		 mptions
set by r		 eference
to the		 duration
of the
31 December 31 December 31 December
2020 2019 2018
Discount rate 0.4% 1.7% 2.4%
Future increases to Minimum Pensionable Income 3.0% 3.2% 3.3%

Balance at Balance at
1 January 31 December
2020 Income Expenditure Transfers 2020
Parkins
Bursary
Benevolent
fund
Larcombe Trust
Boys' Brigade
Special offerings
150~Anniversary		 1,381
11,019
1,679
2,174
5342
~2695		 19
4,625
444
631		 (~5973
(~)		 1,400
4,625
11,463
1,679
2,174
~21

Balance at Balance at
1 January 31 December
2019 Income Expenditure Transfers 2019
Parkins
Bursary		 1,355 26 1,381
Larcombe Trust 10,424 595 11,019
Boys' Brigade 1,679 1,679
Special offerings 530 1,203 ( 1,155) 1,596 2,174
Community
Survey		 9,897 ( 9,897)
Minister's
office		 1,500 (1,500)
150~Anniversary 5342
~163		 (~11 5+2 5342
21 595

Balance at Balance at
1 January Gains, losses 31 December
2020 Income Expenditure and transfers 2020f
Tangible assets 817,434 (8,773) 808,661
Wider Missions 16,969 (6,345) 4,014 14,638
Manse Reserve 30,435 91 (4,161) 26,365
Rewiring
fund		 10,000 10,000
Future expenditure
reserve 15194 ( 7068) 8 126
Designated
Funds		 880,032 91 (10,506) ( 1,827) 867,790
General
Funds		 66,689 108,764 (90,264) (15,629) 69,560
Pension
Provision
Total		 ( 46 524)
R)0 197		 108~) (~77Q) 17456 ( 29068)
90 22
Balance at Balance at
1 January Gains, losses 31 December
2019 Income Expenditure and transfers 2019
Tangible assets 2,304 815,130 817,434
Wider Missions 13,093 (4,371) 8,247 16,969
Manse Reserve 835,777 662 (7,678) (798,326) 30,435
Future expenditure
reserve 30000 14806 15194
Designated
Funds
General
Funds		 881,174
71,887		 662
157,553		 ( 12,049)
(149,399)		 10,245
(13,352)		 880,032
66,689
Pension
Provision
Total		 ( 49535) 1'i~2~1 (~11 44
)		 3011
(~9)		 ( 46 524)
900397

RPI price inflation
assumption		 3.0% pa
CPI price inflation
assumption		 2.70% pa
Minimum Pensionable
Income increases (CPI plus 0.75% pa)		 3.2% pa
Assumed investment
returns
- Pre-retirement 2.95%pa
—Post retirement 1.70% pa
Deferred pension
increases
- Pre April 2009 3.20% pa
- Post April 2009 2.50% pa
Pension increases
- Main Scheme pension 2.70% pa

2020 2019
Within 1 year 996
2 —5 years
2020 2019
Lease payments recognised as an expense ~135