## ## |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| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Cl
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4-0Sc0Z| |||||||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| ## ##