## ## |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
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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|