2021-12-31-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	10-19

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						2021			2020
				Note
Fixed assets
Tangible fixed assets Investments							809,190 10213			808,661 9 108
							819,403			817,769
Current assets
Debtors				10	21,379			11,996
Cash at bank and	in	hand		11	135436			150665
					156,815			162,661
Creditors: Amounts		falling	due
within one year				12	(11975)			(~12631
Net current assets							144840			150030
Total assets less	current		liabilities				964,243			967,799
Provisions for liabilities			and charges	13			( 17300)			( 29 068)
Net assets							46 94			38731
Funds
Designated funds				16			864,173			867,790
Pension Provision	fund			16			(17,300)			(29,068)
General funds				16			67 243			69560
Unrestricted funds				16			914,116			908,282
Endowments				14			10,213			9,108
Restricted funds				15			22 614			21 341
Total funds				17			~4~94			q~87~1

DONATI	ONS	A	ND	LEGA	CIES		2021		2020
						Unrestricted	Restricted	Total	Total
Cash collections,			standing		orders,
voluntary	offerings,			and donations		23,393	908	24,301	39,471
Grants									881
Tax recoverable Legacies						6,280 6000	25	6,305 6000	9,945
						~5673		38506	5Q 2~7
INCOME	FROII		INVESTMENTS
								Total	Total
					Unrestricted	Restricted	Endowment	2021	2020
							E
Bank interest					170	40		210	687
Dividends						450		450	424
					17(7	~40		66Q	1 111

CHARITA	BLE ACTIVITIES
				2021			2020
			Direct Grant Funding		Support	Total	Total
			costs	ofActivities	costs
				(see note 5)	(see note	6)
Ministry:
Staff costs			27,578			27,578	27,327
Change Manse	in pension scheme	liability	(6,778) 6,500			(6,778) 6,500	(13,778) 8,685
Other			1,970		6,042	8,012	19,644
Mission:
Grants payable				5,549		5,549	7,567
Establishment:
Repairs and maintenance			14,993			14,993	15,571
Heat, light and water			20,425			20,425	16,867
Insurance			6,703			6,703	6,698
Depreciation			11,091			11,091	9,367
Other			8305			8305	8795
			$}„7~7	~4	~42	~12~78	~1743

During the year grants w	er	e payable in fu	rtherance ofthe charity's ob	jects as follows:
				2021	2020
					f
Grants to institutions
Home Mission				2,065	2,260
Baptist Missionary Society London Baptist Property Board				1,560	1,560 300
Sutton Community Works				540
Other Gifts under E2,000	each			1 404 ~4	3447 ~767
SUPPORT COSTS
				2021	2020
Subscriptions				804	481
Bank charges				116	183
Governance costs: Independent examination				3,122	2,942
Professional services					8,526
Internet and website				529	957
Miscellaneous expenses				1 429	4483
				6 042	~17 72
STAFF COSTS AND RELATED PARTY			TRANSACTIONS	2021	2020
Salaries				24,500	24,000
Social security costs
Pension costs				3,078	3,327
Operating costs of defined		benefit pension	scheme	(6,778)	(13,778)
Other costs: reimbursement		ofexpenses	and council tax	6924	3672
				27 724	17221

TANGIBLE FIXEDASSETS
	Freehold	Fixtures
	land &	and
Cost	buildings	Fittings	Organ	Equipment	Total
At 1st January 2021	795,134	27,526	30,690	64,037	917,387
Additions for year Disposals		1,275		10,334	11,619
At 31st December 2021	795134	28 801	30690	74 381	929 006
Accumulated depreciation
At 1stJanuary 2021	5,000	12,508	30,690	60,528	108,726
Charge for year Released on disposal	2,500	5,186		3,404	11,090
At 31st December 2021	7500	17694	30690	63932	119816
Net book value
At 31st December 2021 At 1st January 2021	97776 4 ~79 1 4	~11 7 1)~1		30449 4599	QQB,~1 f00561

INVESTMENTS	Parkins	Larcombe	Total
Market value
At 1st January 2021	667	8,441	9,108
Additions for year
Disposals
Revaluations At 31st December 2021	( 24) ~4	1 129 ~7	1 ~10	105 21
Units
Charibond Units	531			531
Charifund Units		615		615
			~114
DEBTORS		2021	2020
Accrued Income		10,498	3,026
Other debtors and prepayments		10881	8	970
		21',~7	11	996

FOR	THE YEAR ENDED 31 D	ECEMBER 2021	ECEMBER 2021
11	CASH AT BANK AND	IN HAND		2021	2020
	Lloyds: current account			13,067	36,950
	Lloyds: deposit account CAF Cash			10,420 717	2,426 717
	LBPBGeneral Funds			33,703	33,652
	LBPBEndowment Funds			13,355	12,864
	LBPBManse Funds			28,196	28,153
	Baptists Together 7 day	Notice		35978	35903
				~1!~4:j6	1506
12	CREDITORS			2021 f	2020 f
	Trade Creditors			8,885	9,721
	Accruals			3090	2 910
				~11 ')25	~12 )W1
13	PROVISIONS FOR LIABILITIES
	Liability at 1 January 2021			29,068	46,524
	Deficiency contributions	paid	in year	( 4,990)	( 3,678)
	Reduction in provision			~6778)	(13778)
	Liability at 31 December	2021		~1730	~29 68

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
			2021	2020	2019
Discount rate			2.0%	0.4%	1.7%
Future increases to Minimum	Pensionable	Income	4.1%	3.0%	3.2%

	Balance at				Balance at
	1 January				31 December
	2021	Income	Expenditure	Transfers	2021
Parkins Bursary Benevolent fund Larcombe Trust Boys' Brigade Special offerings	1,400 4,625 11,463 1,679 2 174	16 474 933	(150)		1,266 4,625 11,937 1,679 3 107
	~21 41	~12			~22 14

	Balance at							Balance at
	1 January							31 December
	2020	Income		Expenditure			Transfers	2020
Parkins Bursary	1,381		19					1,400
Benevolent, fund		4,625						4,625
Larcombe Trust	11,019	444						11,463
Boys' Brigade Special offerings	1,679 2,174							1,679 2,174
150'"Anniversary	5342	631			(5973)
	21 595	~71			(~97	)		~21 41
UNRESTRICTED	FUNDS
	Balance at							Balance at
	1 January						Gains, losses	31 December
	2021	Income		Expenditure			and transfers	2021
Tangible assets	808,661						528	809,189
Wider Missions	14,638			(	4,145)			10,493
Manse Reserve	26,365							26,365
Rewiring fund	10,000							10,000
Future expenditure
reserve	8 126							8 126
Designated Funds	867,790			( 4,145)			528	864,173
General Funds	69,560	108,062		( 98,083)			(12,296)	67,243
Pension Provision Total	( 29 068)	1(~(g2		(~1222		)	11768	(~17300 914~11
	Balance at							Balance at
	1 January						Gains, losses	31 December
	2020	Income		Expenditure			and transfers	2020
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						( 7 068)	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) ~001 7	1((~5		(~10 77		)	17456	( 29 068) 9992(L2

RPI price	inflation assumption		3.0% pa
CPI price Minimum	inflation assumption Pensionable Income increases	(CPI plus 0.75% pa)	2.70% 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