Gershwin Road, Brighton Hill, Basingstoke RG22 4HL ## **Report of the Trustees And Financial Statements** ## **For the Year Ended 31[st] December 2020** ## **Registered Charity No:1130871** ## **Index** |**Index**|| |---|---| ||**Page**| |Report of the trustees|| |Structure, Governance and Management|2| |Objectives and Activities|3| |Financial Position|5| |Plans for the Future|7| |Statement of finance|| **Trustees:** Rev. D. Bishop Minister Mr. A. Dilley Treasurer Mrs. A. Andrews (Jan – March) Secretary Mrs. R. Hill (March onwards) Secretary Mr. M. Wise Church Life Pastor Mr. R. Barnes (March onwards) Mr. M. Brunsdon (March onwards) Mrs. P. Dilley (Jan – March) Mr. R. Foster Mr. S. Harris Dr. D. Kitson (March onwards) Mr. J. Moar (March onwards) **Independent Examiners:** Mr. M. Li Mr. P. Shears **Bankers:** CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent **Knowing Jesus; making Jesus known** **Church Website:** http://www.basingstokebaptist.org.uk ## **Report of the trustees** ## **Structure, Governance and Management** Basingstoke Baptist Church is governed by the Church Meeting in accordance with the Constitution. The Deacons, Treasurer and Secretary are appointed from within the membership by the Church members and serve a 3-year term of office. Appointment is carried out according to the terms set out within the Constitution. The Church also employs a stipendiary Minister who generally acts as chairman of church organisations and a Church Life Pastor whose role includes the administration of church business. The Minister, Deacons, Treasurer and Secretary form the Trustees who, having been chosen from within the organisation, do not require formal induction, although a leaflet published by the Baptist Union of Great Britain explaining their duties is available to them. The Deacons normally meet twice monthly to discuss and pray about the life and work of the church. They take proposals and recommendations to the bi-monthly Church Members’ Meeting for discussion and decision. Amongst the business discussed at these meetings, consideration is also given to such matters as Health and Safety, Safeguarding, Data Protection and other associated risk assessments. The Church is part of the Baptist Union of Great Britain and follows the guidelines of that organisation. The trustees have assessed the major risks to which the charity is exposed and are satisfied that policies and systems are in place to mitigate exposure. Page 2 ## **Objectives and Activities** The Activities and Objectives of the Church may include but are not restricted to: - regular public worship, prayer, Bible study, preaching and teaching; - baptism, as defined in the Union’s Declaration of Principle; - the Communion of the Lord’s Supper which shall normally be observed at least once a month; - evangelism and mission, locally, regionally, nationally and internationally; - the teaching, encouragement, welcome and inclusion of people of all ages; - nurture and growth of Christian disciples; - education and training for Christian and community service; - giving and encouraging pastoral care; - supporting and encouraging charitable social action in the United Kingdom and abroad; - encouraging relationships with and support of Baptists and other Christians The Rev Dave Bishop is a governor for the local secondary school. In collaboration with the school, a group of Ugandan teenagers who perform together as a choir were invited to visit the UK at the start of 2020. The choir performed at a series of events, financed by the school and hosted by the church. 2020 was an extraordinary year in the life of the church. The coronavirus pandemic and lockdown resulted in all the regular activities of the church listed below closing down in March 2020. The church team started putting together pre-recorded weekly playlists on YouTube, and then progressed to weekly live-streamed services. We have also used Zoom video conferencing for social times together, for prayer and church business meetings. The following activities are normally carried out to achieve some of the objectives established above: **First Steps** is a parent and toddler group that provides nurture and support to approx. 50 families attending regularly on Tuesday and Thursday mornings. They offer a range of activities including craft, story-time and singing for the children, and a sympathetic ear with seasoned advice when mums need it. **Junior Church** serves children and young people from age 3 to 16 years with a crèche for the under 3s. It takes place alongside the Sunday morning worship service and is open to all; offering songs, games and stories centred on the bible. **Connections** is a lunch club providing pastoral care, friendship and support to people who attend the church or live locally. Those arranging the afternoons plan a variety of speakers and events which have been enjoyed by all. **Life Groups** provide opportunities for discussion and Bible teaching to promote the growth of Christian disciples. They also enable those who have attended Alpha, or are new to the church an opportunity to meet with a small group of likeminded individuals in an atmosphere more likely to foster friendship than is necessarily possible on Sundays where the numbers are greater. Our Life Groups all closed in March 2020. Four groups were able to move to meeting on-line via video conferencing. **Outreach Events** are normally organised during the year to raise the profile of the church in the local community, provide opportunity for evangelism and enable those unaccustomed to church activities sympathetic access to the church community. In 2020 our normal outreach activities were not possible due to the coronavirus pandemic. An increasing awareness of food poverty in our local community led to the church taking on new initiatives mentioned below. **Weekly Food Distribution** was a new initiative in 2020. A number of church members joined in voluntary work at Community Food Link, a Basingstoke based inter-denominational organisation sharing food surplus donated by local supermarkets with those in the community facing food poverty. Working in partnership with CFL, the church serves as a weekly distribution hub, sharing food with local families in need. Page 3 **Holiday Meals Service** was another new initiative in 2020. It provided a meal for pupil premium families referred by local schools one day a week for 5 weeks of the summer holiday and again for two weeks in the Christmas holiday. The aim was to provide a hot meal once a week for those families who would be reliant on school meals during term time. Up to 98 people received a meal in a week in the summer, while 65 people received meals each week over Christmas. All Church organisations are run by volunteers who are taken predominantly from within the church congregation, usually comprised of a small leadership team working with a wider group of serving volunteers. Pre-Covid, these activities used an estimated 156 hours of voluntary work each week during term time. Our new volunteer teams distributing food to the local community serve around 10 hours every week, increasing to an estimated 46 hours a week during school holidays. Trustee roles are also voluntary, so the volunteer hours listed would be extended significantly by a minimum of 5 hours per week served in that capacity. . Some members of the Church also give their time and/or money to linked organisations in the wider community. These include Community Food Link (mentioned above), Street Pastors who offer support to those attending late night activities in the town centre, a local Foodbank providing emergency food provisions for families, Open the Book which enacts bible stories for school assemblies, a youth café providing a safe town centre meeting place for teenagers and the Town Chaplaincy which offers support to those working in the town. During the winter of 2019/2020 a town centre shelter offering overnight accommodation and food to those sleeping on the streets, also drew volunteers from this church. This shelter did not run over the winter of 2020/2021 due to the pandemic. Page 4 ## **Financial position** ## **Church Funds Breakdown** ## **Unrestricted Fund – General Fund** There is only one unrestricted fund; this being the General Fund which is used to finance the regular activities of the Church, gaining its income from the free-will offerings given to the Church by its members and other regular worshippers who attend the services and activities. The balance at the end of the year was £18,549. ## **Unrestricted Funds (Designated Use)** The Unrestricted Designated Funds and their use and purposes are as follows: **The Development Fund** – this is used to further the development of the church’s ministry. Some of the money currently being donated is being used towards the repayment of the Baptist Union Corporation Loan on the manse. It was also decided in 2018 to use some of the balance to fund a 2-year employment of the Church Life Pastor and this fund was used in the period up to May 2020. In 2019 a major refurbishment of the main church building was planned, with additional giving specifically for this project received in 2019 and 2020. The project was completed in 2020. The remaining balance at the end of the year was £10,206. **The Repairs and Renewals Fund** – this is used to set aside and fund major programmed repairs to the Church buildings and replace higher-cost items of furniture, equipment and fittings. The balance at end of the year was £3,273. **The Fellowship Fund** – this is used to help people known to the Church should they be in financial hardship for some reason. The balance at the end of the year was £1,464. **The Support Fund** – this is used to make donations to support specific ministry work. The balance at the end of the year was £300. **Church Organisations** – this Fund represents the money held by the various church organisations, which are Connections, First Steps and Youth Club. The balance at the end of the year was £2,224. **Contingency Reserve Fund** – this Fund was set-up in 2018. Its purpose is to ensure funds have been earmarked and set aside for use when and if the Church encounters unforeseen major events such as a downturn in income (freewill offerings) and/or major buildings repairs. No changes were made in 2020. The balance at the end of the year was £35,945. ## **Restricted Funds** There are three restricted funds as listed below. ## **Buildings Funds** It holds the Church’s property holdings (church and Manse), which in various ways are subject to restrictions of use and disposal; all Property is held in Trust for the church by Baptist Union Corporation (BUC). ## **BUC Manse Loan Fund** This is the loan from the Baptist Union Corporation to fund the purchase of the Manse (the residence provided for the Church’s pastor), and it currently stands at £215,299 outstanding after repayments have been deducted and interest has been added for the year. The loan is currently being repaid at slightly more than the required rate, with the estimated repayment date currently October 2034 instead of the original December 2035 date. **The Specified Giving Fund** – this Fund receives any monies that are donated to specific organisations either through the offering or regular giving. These offerings are passed on to those organisations plus Page 5 any gift aid that can be claimed. It is also used to receive and cover the costs of specific items agreed by the church where the donor has given specifically for those items. In 2020 a leaving gift was given to the Church Life Pastor on termination of his employment which was funded by explicit donations from members of the fellowship. In 2020 we received £2,400 from One Church Basingstoke to fund the initial costs and the first two years’ subscription for the Transforming Lives for Good (TLG) partnership. The balance held at the end of the year was £1,050 all in respect of TLG funding. ## **Summary** Whilst some sums are received by way of rent for use of premises at the church (£1,360 in 2020), the Church’s main source of income is free-will offerings (£72,403 for the General Fund and £36,484 for the Development Fund in 2020 plus smaller amounts into some other funds). These are received from its members and others who worship at the Church. Tax refunds are also reclaimed on any offerings given under the Gift Aid scheme and cash offerings under the GASDS scheme. This raised an additional £24,607 across all funds in 2020. Before any internal transfers are taken into account the General Fund made a deficit of income compared to expenditure of £438. After a transfer of £5,237 from the Development Fund (to meet the employment costs of the Church Life Pastor up to May 2020) the net increase on the General Fund balance was £4,799. The reserves at the beginning of the year amounted to £114,268 and at the end of the year were £73,012 as at 31st December 2020. At the year-end the money was held with the Church’s bankers (£20,716) and the Baptist Union Corporation (£43,703). In addition £1,325 was held by the various church organisations. At the end of the year the amounts owed by the Church totalled £699 and amounts owed to the Church totalled £7,967. Expenditure is incurred in paying our minister and to enable the church’s ongoing programme of services and activities. In addition approximately 12.1% of the total General Fund’s income was given to other Christian missions/organisations as specifically agreed by the Church membership. The rest of the General Fund expenditure is in respect of the maintenance and running costs of the premises and the manse and general administrative requirements. Page 6 ## **Plans for the Future** With our Vision mandate ‘knowing Jesus, making Jesus known’ we shall seek new opportunities to grow as disciples of Christ partnering with the Holy Spirit in seeing our community impacted by God’s love. Refurbishment work in the Sanctuary was successfully completed in 2020 despite coronavirus. We look forward to being able to welcome the congregation back to our building soon, as lockdown restrictions are lifted. Even when we are able to return to worship together, our ‘on-line’ streaming of services will continue to develop and expand. With a significant number of ‘on-line’ congregation members we will seek to improve our equipment and the technical ability of our AV team to ensure our digital presence is of high quality. Exploration into other uses of the media will be undertaken that may enhance our training of disciples. The pandemic has changed the way we work. Rather than simply re-start all the activities that we used to run and continue as before, we plan to take the opportunity to consider what undertakings are of greatest value fulfilling our vision. There is recognition of a maturing of volunteers and a necessity of recruiting and training of younger members to take on significant leadership roles in the future. A programme of succession planning will be implemented. This will coincide with a review of our leadership structures that will release individuals in their areas of gifting enabling Basingstoke Baptist Church to respond more effectively to God’s leading in our future. An awareness of increasing numbers of families struggling financially and experiencing food poverty across Basingstoke means that we will seek to build on our new initiatives around food distribution. As with our work in partnership with Community Food Link, we hope that we will be able to work in partnership with Christians from other Basingstoke churches to offer support to our neighbours in a variety of ways, as we seek to make Jesus known. Partnerships are currently being explored with Christians Against Poverty and the Foodbank. Again, working with the secondary school, a group of church members received training from the charity Transforming Lives for Good in 2020. The pandemic postponed the project but in 2021 it is hoped that they can support students struggling with aspects of academic life. One member of the church trained with the charity as a coordinator and she will be leading the project forward. The church building is also available for hire to other groups and organisations where their ethos aligns with that of our vision. At present it is used by a Brownie group during term time but enquiries are coming in that may see our facilities open in a more significant way for our community. Page 7 Basingstoke Baptist Church 1130871 Recei and Payments Accounts 2020 ASINGSTOKE baptist church F•rth• portod Imm l•tsrt d•i•l 0110112W) To l•nd 31112ft020 Section A Receipts and Payments Total knd• L*i>wrlXIg1 1,13, A1 R•¢•lpl• VokDtsry HMRC Tax Refvrpjg 111057 21.311 &271 Bar* Irttw• Cl¥Jr¢h Tr9•rri5•0ty 174J 131. li rl8ty 93 4814 16 790 17 8tsWCo8t6 21316 i&e 4N3 21JfjQ 230 0.281 18 111711 19 R•Or8 & R•r*• ChLYth c¥g•iiialle 21 1,2n 1JY¥ FelkyA•W Loan Mlldv i•J 181e14 41 41, .1•4 4237 11749 5.237 100,518 5141 111074 1142 7401 OW021 A*￿r1d Clwrfty1130571 Sectioii 8 Stateiiient ol assets anil liabilities at the end of the period Rmtrithd TOWP41 Fund¥ Categorl Bl C••h fvr Account D¢t4115 B•rt Cwre Bar* Sa¥*¥ BVC DeposttNKcirthrt 1.710 10.718 11.001 4J,70J 1.12B TOJ RwtrlGtsd' T4)talM Punds Dgt¥lls r•#£ 774 1,970 219 7,967 41 219 Dot411B harW• D&tsll$ ReBMthd 1.784144 1QO,48fy 8oJ,ooo 13K104 CPwr¢h Cordento (knBUmt*v￿lll￿1 Oèta115 eapN urion BLif¢*y SlralegyS¢lw 81 Lwon ¢owallon m￿•¢ Lo•n 81 Dpfimj tJgk4 21fj,299 4)ct.2034 Re5tthd m709 Prtnt A. K- I)LLLGY Is'lihi 02m21 8asinEstoke B•pthtChurch 2020 Acctyjnts Reglstered Charity 1130871 Independgnt ExamSn•r4' Roport to tho Tru•t••s of th• Church Report of the accounts ol Ba8lng&toke Bapt￿1 Church forth• year endlng 31sl De¢ember2020, we $81 out In the prewllng pag88. Re$peGth re$p0noibll￿el of the trvstse8 and thè •xAmlner8. AS1￿ CharW8 trustees you are re8ponslble lorth• preparatton oflhe aGrounts", you considèr that tho audll requlremerrt of Sedon 4312) 06 amended oflhe Char¥tsgB Act does not 8ppty. It18 our rn8ponalbllty 10 stats, on Ihe bas￿ of procedures SP￿1fied in the General Dlredon gfvèn by th• cha￿ Comml8$knner8 und8r Sedon 47(7)Ibl of th? whether pwticular m8tt•rs have come to OUT attentlon. Ba818 of the Examln•rs' repo Our •xJmlnatk)n YAS carrfed out In arD)rdonce wth the General Dlrncllon gwen by tho Charity COMMI￿k)nerS. An examknauon Indude8 a olthe &eeounlng re¢ord8 kept by the Chureh and a comparlson ofth• aecounts PTe8ent•d Mlh those tt also Includes con$ideralon of any unu8v81 item or dlsdosure In the accounts. and $￿kIng explAnaOon from YDU as trust•e8 nc•mlng any such matters. The procedures und8rtak&n do not provlde all Ihe evldence thatY￿ul￿ bo required In an audtt. and consequenityvffj do not express an audll opl￿On on the view gr4•n by th• accounts. Indepgndont &xamkneTS' 8tatem•nL In connactlon ¥Alh our exarnlnauon. no matter has cm to ow attenUM'. twhkh 9fve8 ￿ roasongble cause to belknvo that In any materfol respect the requirements:_ to keep accounllng record5 In aceordancÈ with Sectlon 41 {88 am•nded} ofthe AKt, and to prepare a¢¢ounts which acc4Jrd wth the accountlng re¢ord5, and to comptywith the accounlng requirements olthe Act have not been me( or to *thlch. tn our opinlon. att8ntlDn 8hould be drawn in order lo enaN¢ a proper understanding ollho accounts fD be re8¢h¢d, or ¥MIth gJve8 U3 reasonablB cau8e lo bo11￿ that in any material rP5pKtt￿ accovrrfkng nAas of the Ctrwrth, conslttution have not been rneL Slgnaluve Slgnatur¢ Name Mrmu Narn• P Shgars &ldre88 13 Ravel Clo¥9 BaslvJ•tok• Harnp$hir• RG22 4EB Address 8 LiM•t Cki$e K•mp8hutt Baslngstokg H#rnp¥hl RG22 5PD Dale 1510212021 Basln8Stth BartT5tChurch 2020J*xcournts steredCharfty113O871 NOTES TO ACCOUNTS S•¢tlon A- R•e•lpts and Paymont8 1 Funds: . Unrostrfcted Fund (General U8•) The Unre$trtGted General Us8 Fund * the Gen•rdl Fund. Thls Fund Is used lor dayto day runThng olthe Churth and ts 2 Funds: . Unrestrfctod Funds IDe•lgnat￿ UT01 The UnrnstriEted Destqnated Use Funds ar•." D•vèbwnent Fund, Repaits and Renewals Fund. organ18atio￿ Fund. Support Fund and F•llow8hip Fund. Tlw ar• sh¢)wn 8oparole from the other unrestricted ftJnd8 for daiity purpo￿. Develop￿￿nt Fund. IJ used to r•c•Tvè and mBnage pay￿nts fDr the develJpmentwxJrk of the ChuTth. 1$ not restrict8d to buibjing work, it Is for use in any wort that the Churth see5 as d8veloping th? overall rNssion of the Church. In 2019 and 2020 this fund was uAed forthg rn8ior refvFbwhrn•nk tsf th• church hal and kj fijnd th8 Costs ofthe Church Lh P#thr up lo May 2020. Repairs and RenewaL8 Fund-This 18 to Manage lh• mBior item8 of rep8lrto the Chw¢h s premi%e8 (Chwth bulkjkng and M8fi$9l orto repiaco 61gnfficant of equipmont Organk*abon$ FuNI-Th* fund Vd forthe th)ni8s h81d bylh? variou$ Church ¢rpnl$8tion8 that haw 1heirown funds,. Conn￿￿on8. FSr8t ste￿ 8ThJ Youth Club. Support Fund- Thkq k* uS8d to provile 9rfts aTrJ supportb) peop￿ In I￿9$1)nary work. Fe￿￿hip Fund-Thi6 fvnd Is for use byth6 Minkiter to support members and p8opkn th•tthe minbtsr hu ￿cOme aware of who need ffinanckgl a55i$tsnce in som•way. con￿ng•ncY R•a•rv8 Fund-Th16 i8 ￿neY set awdo ts enable tho Church to r8actto unforwn events, ouch 88 rrnjor bulbjlngs rèpalrn and o downlum In inco￿￿ lofferingsl receiv•d. 3 Fund#: . R•strlctod Funds At the ¥tort olthe y•arth8 Church h8d just one Reslrict•d Fund., Swrifed Gwi Speafiad Gi¥lng Fund- Is UB8d to mona9e the 9Nlng an¢Y payThtsnts to org8nbation8 that h&ve been spectw by m•mbers In thèir gmrq. Because the monres gtvgn are for a speafi•d puw this fund l& In the Restricted Fund category to curply ¥￿th Charity CLynmw6K)n guldan¢•. Th8 Re8ththd funds ￿s0 repr￿nt the OW￿rshIP oltt* Church and M8nM. Th• Mans• Logn Ac¢ount and Fund ar• used to record 1he Manse Loan repaY￿￿nts. AS tho proporty ia an aB8et It ￿ retDrd8d in S8don B of th• accounts und•rA85818 and u8b11￿@S, unf018 it Is to do w sa￿ or Pyrchaw. th989 are then ￿e0r￿d belowthe incomè and a8 appropriats. 4 Fund¥: _ Endowment Fund• At present th• Church doo8 not have any Endmnent Funds and th•6• arn th•rnfore not8hown in fv aceAiunt8. A1 R•eelpts: s Voluntary GFvlng'. Thls16 thè gmng that18 rxoNed from nEFr*18r8 8ltr*rby bank tranSf•ror￿a the Sunday OffgrirffJ. 6 HMRC Tax Refund8". This 15 the mn&y that has be8n v•daYned erther underthe GrftAid schgrn?, or the &4SDS from HMRC.. redaining th• tax pakl on donalons from m*nb8T* 7 Hlre of Pr•m18M: Mon•y rnethved from room exlemal161ting5 and from donation• by Churth ¢ryantsallon8 forthe use of Church bulljlng4. 8 Bank Interest: Inler05ton Bank accounts that ar• elva1b￿ to r8C8W8 Snter•st. 10212021 gislnWL*e 51oL%tChurth Reortered Chatlty 1130871 9 Chur¢h Organlsatlons: Thk8 KS th? forthè variou8 Churd) organisabon¥'. ￿rrenty conn￿￿0￿, First stw and Youth Club. Th? hgkf by Ih? Church Organisatio￿.. con1￿￿on$. Flrst Stsps and Ytsuth Club arg in the OrganisaUon$ Fund. com? and oxp8ndibJrg of ChuKh organilations (￿low). Op•nlng Balance £ Incorna £ EAp¢ndllur• £ C1￿1n9 B•l•ft¢• £ CoTrn•ctlo*•' F￿t st•ps Youth club. TOTAL 703 243 327 507 638 1.079 633 1,406 ' Indudtr5 ntr)ney h8kl In Church Ba￿ Ac¢ounl on b8h•W ollhe Youth Club Fund131M2f2020 £8231 and Connectk•n¥ 13111212020 £75.B71. Youth Club monoy Y6 hekl ￿ndIng anyfrrtur• nwl work to be started and continues to f￿d th8 chikl sponsorshp IA 8onvl8 which the youth dub had start￿ 8ewJral years ago. 10 Ml#e8llan•ous: In the Ganeral Fund for2019 and afm06t ont*•ty in 2020 is in resp8¢tof the irKonE protodon Claim for th• Chufd) tif• Pastor. In the R•slrictsd lund th1$ IB rospect of Ihe frJndiTrg recefvgd from On• Churth Baslrrfjstoke for the inilal and fir8tlwo year Costs of the Translorrrlng Uv•8 forGoc¥J projoct start*J in March 2020. £1.050 r8m8lns at 311121202010 fvnd a furth•r 14 n¥)nlhi¥ Pa￿nts of£75. 11 Sub Total (Gross Income for AR Thts18 th8 lotal Ineom• thot 18 requlred fortho Trusk88Annual Report 12 A2 A￿ets ond Inv•stm•nt Sal No Amet or Mstrn•nt 8al•s durvtg th8 year. 13 Sub Total TO￿ of the receyts in 8•¢Non 14 Total r￿Ipts Totsl ofth8 receipts in Se￿On A1 and A2 A3 Paymonts: 15 Mlnl8try: P8ymgnt ofth• Mni8tsrf$ Supend, Ernployerf8 PenBion ¢ontribulon and Expen888. SD ¢over8 $Feak•r f••s, *nd the churchs ￿ntibutiOn to th& Bapti8tMinK8ters Penslon Stheme lorthg dgficl on the tlefined Benefft sKtion in rospo¢t ¢*f a previou8 Tr*nL%ier. 18 Manu: Covers the costs of Tunning a mansg lor th? mirriBt•r and hL8 to fve covncl tK ftrP8irs. wafer rat•8, bl¢phcffl•, br￿d￿al￿ and buikdinq Insurance. 17 Church: These am cost to ￿¥•r th8 Tunnlng And mawrtenance of the Church premis•8 G•r8hwkn Road. Costs In¢lurle". T&k*phon8, Ullty Bilh, Insuranco. Minor Ropairn lfrom the Ge￿ra1 fund- UnreÈtri(thll, EqulpThnt, Cl•aning (except w￿&61. Developrnnl Fund {De8ignatsdl expermliiure IB In Mp¢¢tof th• r•furbhtrthint of tho main church hal. Makr r•pan are covered by lh8 R•pair• and Ron*wakn IDesvJnatedl fund and ar• cov8r•d undernote 21. 18 slaff Costs The¥8 are th8 Costs ofthe ¥taff Othor than th• Minister. Th￿ I￿￿de the Churth Lffe Pastor. th• d&8ner ard th8 ear•t•ker. udSng Eryiknyorfs Pension National Insuran¢¢ costs. 15102m21 B8slWknBaptbtChtsrch 19 Mlsslonloutreach: Re8tstued Chrlty11308n Thw the ¢08ts fortho ¢hur¢h's thvn outr&8th acli¥rb88 and Ihe payrtwnts made to other causes the dwjrch to $upporL The brnakdNn bgkx h￿th& Mliiion givng to varfous or9ani$atiDn has been di5tr1but•d Irom both the C*neral Fund and the ￿19n¥t¢d FuThJ. In addition £327 wa$ u•nt from Youth Club IOryani5at￿nl Fvndl to Compasgion in ntinuation of th• chikl spon8or8hip started s8veral yews ago. Home Mi58ion BMS Workl Mlssion Spurgeon8 Colkngg Money Lrfelin8 T¢)wn Chaplain Foodbank street Pastors Tearfund HW 6 Kids TOTAL 4,CDO 4000 1,500 252 252 252 252 252 252 252 75 425 11,008 and• 425 11.111 103 pU￿1￿ty Transforming ￿¥0$ forGood Outmach Events188e page 10 lor brnakdownl Loul Mtssron IUgand?n Choir) 394 1.350 1.3SO 631 631 142 142 1,167 1,360 2*17 13,628 Govemance and Other. Forth? G•n•ral Fund thm ￿T$ th• ¢08ts invofv8d in runnlng Church act￿￿ and Int•m#l evenis, tr8(nlng and Chweh g0￿man¢•. 21 Repalrs: Th058 are th8 Major repalr¥ and r•nvwa18. both to thè Cl￿rch and the Manse durfng the ￿r. pald out ofth& Repairn and Re￿waI5 fund. 22 Church OryaTrltyatlon$ Th¢8 refers to Conn8clorA. Ftrst stw Y¢xth Cl￿. 23 Support Fund Paymonts P¥yTrwnts r* frgm the Supportfund duriThJ th8 year. 24 F•llowshlp Fund Paym•nts rnade frDm th8 Follo￿hIP fund durlng th• y••r. 25 Sub Total (Grom •xpendtture for ARI Th1018 the totsl •xpondtture that is T8wired lorthg Truthe8 Annual R•port Iy02n021 Iwtoke Bimthawch 2020Amnts R4lsteredCharltyll30871 A4 As••ts and InVestsm￿ Purchases 26 Loan Rèpaymonts Mado RePayn￿nts made t￿WardS the Mans• Loan. 27 Sub Total Total payThents in section A4 28 Total Paym•nt8 Totsl payrrnnts for allfimdl duriw ￿ ￿r, Sub total A3 plus Sub tot8lA4. 29 N•t of Recelptsl(Paymont8) Show• thg su￿￿ld0fi￿t loraAch fuTrJ for the Year. 30 A5 Transfor Bgtweon Fund• show5 th8 rnOn￿ tral￿ferred b•tr*A•n Fund$. In 2020 transkn made from the Dovefoprntt Fund were £5,237 to Iha G•n•r81 FuTrJ (kn cov8r1he ¢osls ofemphying th¥ Churth Lrf• P•stor up to May 20201. 31 A8 Cash Funds from Last Year Th￿ sh¢M lh• mow brought forward from th• prwh1￿ Y￿r. 32 Ca•h Funds Th18 Y•ar End Th• eash funds avAil8bl• atlhe end of1he year Is the surn of the rnoney brought forward plus the net of r•e8lpt81payrneN8 plus or rninus thv mDney tran$fgrr•d ￿h¥gen 8ccount$. Thk¥ b8 carried foThv8rd to the folknving financial year. Thii IndLkle$ any CredrtoroT D8btOT amounts and thes• 4r• shown th Stiction B2. Thi8 then agre¢s with the totrl8 of Sedon8 B1 and B2 bel S•ctlon B Amots and Uabllltlos 33 B1 Cah fund• Th￿ 8hows In whkh ac£ount th• ￿￿eytr each oftha Wart￿• lunds I vj hekl. 34 Cash In Hand: ThKI 8hm any rnoMy1h4t has t•en r•ceived bythg Church butwaB not bankeA b•foM the end ofthg year. Novmaly orty haF￿nfy when the la$t day of th•yo8rfah ofi • Sunday orth& last day a bank holiday, a$ borthiry thal money not take placa unlil the fdlowing year. 35 Bank Current AccounL' Fund¥ hgkj in thg Clwrth curr•nt a¢trJuntwfth CAF. 38 Bank Dopo•lt Ac¢ount: FurKlJ hgld In Chur(* deposrt aee4untwrth CAF. 37 BUC D•poslt Account". Funds h•hJ on d•positwith tha Baptist iknion CorporaJon. 38 Oryan18atlon Fund• Fvrrtls h•ld by th• vartous Church Orga￿a￿on$ that nDt h81d In ony of th• above accounlÈ. 39 Total Cash Fund8 Tho Tolal Ca•h baL￿n￿$ for each fund type In 8g¢tion'B1 Cash Fund8. shoukl agree wlth th• d08ing balan￿ for •aeh lund typa in'cash Funds Thls Yeor End" in 5ectionAwhan rsJnbin¢d with fv Cr•d6tor8 and DebtDf5 in SeGlon B2. IOV2011 ￿pd*C￿Vrth B2 Other mon•tary As•ots 2020k¢¢wnts Rety5tereJCharbty 1130871 40 Credltorn: Shows the m¢>noy that Is ¢Md by the Church althe of2020 has been Induded a# 2020 •xptndr￿r? alknugh not pakl by the •nd of the ￿&r.. rffio knount 0￿d Cornm•nts Kld8 p￿je¢l (Uganda 425.00 No¢ agreed until J•n 2021 m8rnb8r8' MO￿n9 Outreach larnityfoDd w5ts Cboning materig19 Printgr ¢oniumabb8 Pald Jan 2021 19.63 18.22 Paid Jan 2021 Paid Jan 2021 Tgtsl 099a3 41 D•blorn: Sh¢AY8 monoy that Ls du• to the Clwrch fryn extsmal sowcél th¥t has not bwn r•cdv•fJ during th• financlal yearbut has been Included in 2020 inconw. Oryanisation HMRC Total Arnou￿t Owln 7,￿7.00 7.•67.IJO C¢Jmm•nts Gfft￿d and WDS to be claimed 42 Total A88•ts B2 Shrhvs the total A558tsLlolllrtw for *ll Fu￿$. 43 83 Inv•8lment A5￿ts Chwch d0•6 not ha￿ any inv8BtrnanlA88èt6,' th8r•for• nothing to repowL B4 Assots retalned for th• charfty'8 own use 44 Church Bulldlng: Th181% the In¥Uran￿ valuation ofthè Church premlÈe8 In GBrBhwin Road. Ba￿1 on tho annual Sn&uran¢• Va￿allOn. 4s Church Contonts: Tho is the I￿Ura￿a valuauon ol th• Church e4nt•nts in GarSh￿n Road. 46 IAanse: ThiN 1$ an •$timatsd mgrkètvaluo orth8 manse. bo8ed on an asswm•n¢ of•￿18r property sah prk*s and mathet mover1￿ since the previous valuath)n. 47 Total Aseets: Shows th• ¥￿￿ oftheA8sets. BS U•bllttle8 48 Baptlst Unlon Bulldlng Str•logy Schom•: Tli# its thè h)ng loan. at zero % inipres( that the chU￿h has from thp Baptist Unlon 8uHdiTrJ Strattyy Schem. Thlj was grantgd lo the ¢hur¢h to enabkl th• orlginal buiklings IA> b8 erect•d. 151OV2021 B?￿nIste￿eBaPtbtChurth 2020•xcMts ReBtstered Chrlty1130871 Baptlst Unlon Corporatlon Mans• Loan: Thi& ￿ lh• kian thatthe Church ha8 taken ¢xrt In order to pwthaie th? man8•. L4 a ￿entyy•4r loan and tho original T8p8y￿￿t was due for repayn￿t in December 2035. The loan was drawn down In D￿8Mber2015 and the flrst r•p8yrnents comrtwi¢eil in JAnuary 2016. Thg final r•p4ymnt dat• is exFectsd to be in OGtober 2034 based on CUT￿nt repaymnts and knwest rat•5. so Bapttst Pgn•lon S¢hom• Dofinod Bon•fft Dofielt: Thi5 16 Dar￿1t th21thg ¢hurch ha6 forthe pr8vlou$ cfo5ed DBfin8d Benefft pen8Kffi Sdwmg. Th• PaY￿ntS forthe dofiit are made monthly as part of our pension payThnts under nNnl$ty See note 15. S•• 8uppl•mntary noie attached to the accounts whKh arn bag•d on r•commend8d wordlng provtraed by tha Bapb'8t Union of Groat 8ritain. The Church ￿ a •mploy•r the Baplsl PensKin Scherro fth8 Sthme'l, which is 8 $eparat8 l&Jal enuty dmlnL8tsred by the Pen8rtrn TNst•• (Baptist Pension T￿￿t knmited). Th8 assets of ts S¢h•rne hBW separatetyfrorn thos• olth• Employ•r 8nd the otherpartiapalng ernphyers. Tho Sche￿. proviousty known as thB Bapti8t Min￿t•￿' P•n8kin Fund. stArt•l in 1925. but wa• ck*•d to fiJiur8 8¢cNal of d*flned ben8fits on 31 D9r*m￿r20l1. Priorto thTS date the main b8nefrt provkt•d through the Defined Banéfft IDBI Plan wa8 8 Pe￿10rt of one eightielh offinAI mlnlmum ￿nsionab￿ Income for each ￿ar of pon810n8￿8 togetherwth add￿onal p•n8itin in r85pect of premiurns paKI on PenFicnabb Incomè in exces5 of Mlnirnum PenSIonab￿ Income. Sin¢0 1 January 2012, b•n•ffis hav8 baen provhled through a Defined Con￿bUttOn (DCI Plan. A fomal valuadon ofth8 DB Plan at 31 D8C8rnber 2019 by a prof68slonalty qualrNed Actuary using th? P￿eCtod Unit Mgthod. At the valuatlon dste the m8tknt value ¢1 thB DB Plan aB8et8 £298 millitsn. whi18t Ihe Jevel of a55et5 neaded to Pay ben•frt8 wa$ £316m, g￿ing a d•ficit of £18m (equ￿8￿nt to a past ser¥k* funding JBvg1 of 94%1. The Churd) And the other Part￿pating empbyers in ￿ DB Han am co1￿Cl￿tr fttponiftAe forfunding thL5 d8firAL The n•xt actuarlal ￿luation ofthe DB Plan within the SCI￿￿ Is duè to take pkic8 not later Ih8n at 31 Dee•rnber2022. UThdertr* SthedU￿ of Contributions, t￿ ehurch makes a monthty pay￿nI in r88p?￿oI th• DB $C￿m8 d$flGI, currenty £370.61 lin 20211. which ￿11 incTras8 In ling with increa$e8 In Minirnum PenBbn¥ble InttJm•. The S¢h8dub gf Contrfbutions for•so88 th•6è eontthtponG ¢ontinuing until Jun• 2tr28. Tho p•nsltsn sch8rn8 liablity $how* in the Statem8nt of Ass•ts and liatM1th5 15 calculobJ the current rat8 per month mufb'pliad by th• nwnb•rof rnonth8 rwfjalr4w in th• current Schdub of Contribution8, wh￿h amount•d to £24,460 88 at 31st Oe£emb8r2020. Th• Church has been ad￿Sed that th8 ¢Stin*d wst forthe church to buyout their Pens*)n Sthern8 labllit￿ at 31 D•c•M￿r 2020 was £40,400. 51 Tolal Llabllltl#s: Th18 8how8 th• total labllM8s forthe Church. 1510212021 rpw*E￿ptht￿UrCh 2D20Ariwnts Re¢&tffedtharlty 11kn71 ACC RECUPT¥.'. CASH lQ,S 11,119 4.953 55,152 71￿4 14,934 QIFT Ato TAX FIEFUND INtEREST 1S,441 18, 10 1.626 MIE OF PR￿lIsEs 1260 2,275 3• PAYMUIT&'. MM$TRY SnPEhrJ ,0 3.851 4,278 8.201 DEACffj EXPENSES VISITORS 41140 42m¥ 147 WATER 16 U7 221 2,341 COUFKIL TAX L4 372 4140 HURCH TFLEPHONE 461 370 I,s(x) 1.015 2.3 ELECTpJurY 17 2285 2,176 412 1.136 INSiAIANCE BLEANNQ FLOWER& ET pAI￿lAv 2.250 2.150 423 18D 14117 3,963 CAREfAKERS PAY CHLIICH LFEPASTCItPAY P FEN$￿ STAFF WLOYERNI 14,8 14.IM8 1,449 529 71 6$5 L¢XALIIWUN 142 320 HOME kI￿s￿1N QMN MSGM ￿GE0￿$ CCLLE 1)TF￿ M￿S￿￿1 IknEY LFEUP 4,QthJ 5L¥J 252 252 252 2S2 252 2S2 252 252 100 FCKD BAM( PASTCfS sLNMVF￿EP 250 7￿( 1.721 535 1117S 4$ 140 1.•73 SLWEES TrANING.•xt•m TPANING.Irt Mu 714 1.672 207 7J 2SO 184 FELLOWS4P EvE￿s 49 50D 75 &WKCFL4RGES NT&g MRE p￿NTER CONSLM48LE8 I￿rc￿EN ¢￿E 75 763 281 fj18 e24 7QQ TOTALPAyM￿s 91217 107,nty io 15102n021 Ba51ngstoke Baptlstthurch 2010Atttsunt5 Rex15t•red 1130871 Cah movernonts wlthln and boiwew Unre¥trlctod fundD In th• flnan¢l•l yo•r 2019 BPIANCE AT START OF YEAR RECEIPTS PAYMENTS TRANSFER FROM SPECIFIED GMNG FUMD TRANSFERS FROM DEVELOPMEMT ICLPI BALANCE ATYEAR END 31 13,74• .83 91.287 8.722 89.838 25 n2 1&321 5.237 32 14749 AT STAgTOF YEAR OFFERINGS TAX REFUND OFFERINGS IReftJFb￿hmen TAX REFUND (R•fvrt)tshmerrt> INTEREST TOTAL RECEIPTS BU. LOAN REPAYMENTS REBRANDIFIG REFURBISHMENT TOTAL PAYMÉNTS TPMSFER TO OTHER FUNDS BALANCE ATYEAR END 31 f82Jg 18,244 3,903 20240 4,998 221 4SW6 1B.200 18,3BI 4,4B7 10.349 f,54e 993 11 19.200 4.963 17 67201 16,401 5.237 24813 15.321 30 32 1ffj208 06.231 RENE¥1 BALANCE AT STNRT OF YEAR RECEIPTS PAYNENTS ALANCEAT YEA9 END 31 4368 21 650 4273 BALANCE AT START OF YEAR RECEIPTS PAYMENTS LANCEATYEAFI END 31 300 BALANCE AT START OF YEAR RECEIPTS PAYMENrs BALANCEATYEAR END 31 1.271 234 45 11110 525 260 1,276 ALANCE ATSTART OF YENR RECEIPTS PAYMENTS NCE ATYEAR END 31 2.714 5,236 5,449 12n Ro¥ BALANCE AT START OFYEAR TRANSFERS IN FROM OTHER FUNDS 31 TAANSFERS TO OTHER FUNDS BALANCE ATYEAR END 34911 OPENING BALANCE TOT￿ RECEIPTS TOTAL PAYMENTS TRANSFER FRowfo SPECFIED GMNG FUND CLOSING BAU4NCE 31 11{268 137,096 179,972 112.177 131.395 130,037 n2 32 71.912 114261 ISm2n021 BJkt15t Churth 2020Accounts fte￿ed Ch*1130871 C4•h mov•m•nts wlthln and ￿(￿00￿ Rmtrfctsd Fund• kn th• ffTr•nc￿l yur TDtsI AJI FuTrdJ 2019 BALANCE AT STARTOF YEAR FR￿1 OP4E CHURCH 8￿￿NGsT FOR ￿FfTOC￿URC￿ UFE PAST¢Ji OTHER TAK REFUND TOTAL RECEIPTS TrAN8FORMINGUVES trQOOD GI￿ TO CHURCH UFE PASTOR OThER Tor￿ PAYMENrs TrANSPERSTOFRCNOTHER FUNDS BALANCEATYEAR END 31 10 2,400 1.040 84 219 743 1,350 1,240 103 1693 1,37 1M7 1.852 731 31 11428B 114074 IMESTRTCTED (FROM PREVIOUS PA OPENING BALANCE TOTAL RECEIPTS TOTAL PAYMENTS TPMSFERS BETWEEN FUNDS LOSING &4LANCE 111177 131.3BB 1JQ.lJ37 137.688 179,972 71.982 RESThCTED IFROIIABOVEI OPENINQ ￿LANCE RE¢fEPT$ PAY7AEPIT8 TRANSFERS BETYEEN FVNDS CLOSING BALANCE 31 174J 1.887 1,852 732 CLO$ING B￿ATYEAR END 114J68 C•8h mov•m•nt• on Loan Fund• In tho Ilnanclal y•ar AiANCEAT STAFIT OF YEAR LOAN REPAYklEMf8 IOTAL RECEIPTS I￿rEREST ON LOAN 237042 19.2C¢ 19,2 B,716 716 19,2 7.1IQ TOTAL PAYMÈNrs BALANCEAT YEAR END 42N9 227JS9 12 15102Aoii ke 8•ptlstthu pag•& Mrmu RG22 EB tyDV2021