# |Contents|||Pages| |---|---|---|---| |Legal and|administrative|information|| |Minister's|report||| |Report of|the Deacons||3-5| |Independent
examiner's||report|| |Statement|of financial
activities||| |Balance sheet|||| |Statement|ofCash Flows||| |Notes to the financial statements|||10-22| ## ## ## ## ## ## ## ## ## ## ## ## ## ## |A Buildings
Group continues
to operate and is working
on the future strategy
for all our buildings,
as well a
on dealing
with the many
minor issues which come up all the time.
Public benefit|A Buildings
Group continues
to operate and is working
on the future strategy
for all our buildings,
as well a
on dealing
with the many
minor issues which come up all the time.
Public benefit|A Buildings
Group continues
to operate and is working
on the future strategy
for all our buildings,
as well a
on dealing
with the many
minor issues which come up all the time.
Public benefit| |---|---|---| |The Church's
activities
are considered
regularly
in the
light
of the
guidance
published
by the
Charity
Commission
on public
benefit.
The Deacons
have
regard
to this guidance
in exercising
their powers
and
duties.
Some examples
of the public benefits
flowing
from the pursuit
of the Church's
aims and objectives
are: the provision
of regular services of public worship,
providing
pastoral care to those with whom the Church||| |has contact, and providing
facilities for children' s, senior citizens' and other community
activities.||| |Risk review||| |The Deacons
review the risks of the operations
of the Church
regularly
and take appropriate
action where
possible to mitigate those risks.
The key risks which have been identified
and key actions which
have been||| |taken are shown
in the table below.||| |Key risk||Mitigating
action| |The Church
is dependent
on giving
from members,||Regular
teaching
on the
importance
of Christian| |in
particular
on
regular
large
gifts
from
a small||giving;diversificationofsourcesofincometoinclude| |number of members.||more rental income from buildings.| |The
Church
works
with
children
and
vulnerable||Employment
of trained
staff, adoption
and
regular| |adults,
leading
to risks of inadequate
safeguarding
practices and possible abuse.||renewal
of Safeguarding
Policy, training
of key staff
and volunteers
and
review at each meeting
of the| |||Deacons| |The Church
has
buildings
which
are constantly
in||Long term programme
of building
work with a view| |need of maintenance
and renewal.||to creating a sustainable
building.| |The Church
is dependent
on key staff such as the||The
Deacons
seek
to
follow
best
practice
in| |Minister and the Youth and Children's
Worker.||employment
ofstaff as recommended
by the Baptist| |||Union ofGreat Britain.| |The
Church
is vulnerable
to external
pressures,||Membership
ofkey bodies such as the Baptist Union| |such
as
changes
in
legislation
which
may
be||of Great Britain and the London
Baptist Association| |inconsistent
with
its aims
or which
may
affect
its||which are able to influence
legislation
and guidelines| |financial
viability.||at a national
and local level.| ## ## ## ## ## ## ## ## ## |||||||||CD t-
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~ CV|| ## ||||Notes|2020|2019|| |---|---|---|---|---|---|---| |Fixed assets||||||| |Tangible assets|||12|2,873,963|2,750,110|| |Current assets||||||| |Oebtors|||13|31,243|12,591|| |Cash at bank and in|hand|||16,067|138,393|| |Creditors:
amounts|falling|due within one||47,310|150,984|| |year|||14|(3„438)|(2,812)|| |Net current assets||||43,872||148,172| |Provisions
for liabilities||and charges|20|(33,380)||(36,245)| |Total assets less current||liabilities||2,884,455|2,862,037|| |Funds||||||| |Restricted funds|||15|2,928||64,414| |Unrestricted
funds|||16|2,881,527|2,797,623|| |Total funds carried|forward||17|2,884,455|2,862,037|| ## ||||2020|2019|| |---|---|---|---|---|---| |Net cash provided|by operating
activities||||| |(see below)|||12,956||19,884| |Cash flows from investing
activities|||||| |Interest
received|||141|243|| |Payments
on fixed|asset additions||(135,423)|(60,719)|| |Net cash (used in)|investing
activities||(135,282)||(60,476)| |Net cash (outflow)|||(122,326)||(40,592)| |Cash and cash equivalents
at 1 October 2019|||138,393||178,985| |Cash and cash equivalents
at 30|||||| |September
2020|||16,067||138,393| |Cash flows from operating activi ties|||||| |Net income for the|year||22,418||3,926| |Interest
included
in
Depreciation|investing
activities||(141)
11,570||(243)
12,134| |Defined benefit employer
contributions||paid|(3,158)||(3,528}| |Movement
in defined|benefit employer|deficit|||| |provision
(Increase)/decrease
Increase
in creditors|in debtors||293
(18,652)
626||2,475
5,038
82| |Net cash provided|by operating
activities||12,956||19,884| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||||Unrestricted|Restricted||| |---|---|---|---|---|---|---|---|---|---| |||||||Funds|Funds|2020|2019| |||||||E|||F| ||Donations and legacies||||||||| ||GiR aided|||||65,450|364|65,814|66,375| ||Envelopes
Loose cash|||||2,935
5,067||2,935
5,067|7,371
11,411| ||Income tax|recoverable||||18,395|107|18,502|15,324| ||Other income|||||63,798|23,510|87,308|48,588| ||Total|||||155,645|23,981|179,626|149,069| |3|Other trading||activities||||||| |||||||Unrestricted|Restdcted||| |||||||Funds|Funds|2020|2019| |||||||E|E||| ||Church activities||||||||| ||Rent receivable|||||50,589||50,589|49,066| ||Pre School|activities|||||||| ||Fundraising|events|||||35|35|105| ||Total|||||50,589|35|50,624|49,171| |4|Income from investments||||||||| |||||||Unrestricted|Restricted||| |||||||Funds|Funds|2020|2019| ||||||||E||E| ||Interest receivable||||||||| ||Interest
receivable|||||||3|97| ||Pre School interest|||receivable|||138|138|146| ||Total||||||138|141|243| |5|Income from charitable||||activities||||| |||||||Unrestricted|Restricted||| |||||||Funds|Funds|2020|2019| ||||||||F|E|| ||Church||||||||| ||Youth and children's|||contributions||3,330||3,330|11,106| ||Small Groups|and|Events|||812||812|1,195| |||||||4,142||4,142|12,301| ||Pre School||||||||| ||Pre School fees||||||35,109|35,109|89,307| ||Total|||||4, 142|35,109|39,251|101,608| ## ## |||||||||||Grant|||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||||Activities||Governance|funding|of||| ||||||||undertaken||costs|activities|||| ||||||||directly||(see note 8)|(see note|7)|2020|2019| ||||||||E||||||| ||Church||||||||||||| ||General
fund||||||187,416||2,904|10,793||201,113|218,505| ||Pastoral
fund||||||||||||| ||Building
fund|||||||4,017||||4,017|6,054| ||Pre School||||||191,433||2,904|10,793||205,130|224,559| ||Pre School||||||71,802|||||71,802|71,606| ||Total Charitable||Activities||||263,235||2,904|10,793||276,932|296,165| |7|Grants payable||||||||||||| |||||||||||||2020|2019| ||||||||||||||E| ||Paid toindividuals||||||||||||| ||Missionaries|||||||||||5,399|6,074| ||Grant payable||toinstitutions||||||||||| ||Pioneers
UK|||||||||||5,394|5,394| ||World church|baptist||missionary|||society||||||2,000| ||World church|home mission||||fund|||||||2,000| ||Total (see note||6)|||||||||10,793|15,468| |8|Governance||costs||||||||||| |||||||||||||2020|2019| ||Direct costs||||||||||||| ||Independent|examination|||fees (including|||VAg||||2,904|2,818| ## ## ||||||||||2020|2019| |---|---|---|---|---|---|---|---|---|---|---| |Staffcosts||||||||||| |Wages and salaries
Social security costs|||||||||158,975
8,073|156,852
12,824| |Defined benefit employer||||pension||contributions
(see note 20)|||3,178|3,162| |Movement|in defined||benefit employer||||deficit provision (see|note 20)|293|2,475| |Defined contribution||employer|||contributions
(see note 20)||||9,270|15,375| ||||||||||179,789|190,688| |The number|employees||on|an average|||head count basis during|the year was as follows;||| ||||||||||2020|2019| ||||||||||Number|Number| |Full time||||||||||| |Part time (based on||3 part||time|staff and 3 bank staff)|||||| ||||||||||8|9| ## ||||2020|2019| |---|---|---|---|---| |||||E| |Staff costs|||179,789|190,688| |Independent|Examination|Fee|2,904|2,818| |Depreciation|ofowned assets|||~12
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I-v| ## ## ## ## ## ## |Unrest
2020:|ricted|
funds|||||| |---|---|---|---|---|---|---|---| ||||Balance at||||Balance at| ||||1 Oct2019|Income|Expenditure|Transfers|30Sep 2020| ||||E|E|E|F|f.| |General|fund||10,895|218,496|(186,473)|(71,754)|(28,836)| |Designated||Funds|||||| |General|fixed|asset fund|2,743,944||(8,958)|135,423|2,870,409| |Building|fund||42,714||||42,714| |Accompanied||Groups|70|2,852|(5,682)||(2,760)| ||||2,797,623|221,348|(201,113)|63,669|2,881,527| |2019:|||||||| ||||Balance at||||Balance at| ||||1 Oct 2018
f|Income|Expenditure
f|Transfers
E|30Sep 2019
E| |General|fund||30,549|187,216|(203,461)|(3,409)|10,895| |Designated||Funds|||||| |General|axed|asset fund|2,692,747||(9,522)|60,719|2,743,944| |Building|fund||50,000|||(7,286)|42,714| |Accompanied||Groups|394|5,198|(5,522)||70| ||||2,773,690|192,414|(218,505)|50,024|2,797,623| ## ## ## ## |2020:|||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| ||||||||||Other|Balance|| ||||||Fixed||||net|between|| ||||||assets|Cash|||assets|funds|Total| ||||||E||F||E|E|| |Fund balances|||at 30September||2020 are represented||by:||||| |General|fund||||||4,134||(7,046)|(29,478)|(32,390)| |Designated
Funds|||||||||||| |General|fixed|asset fund|||2,873,963||||||2,873,963| |Building|fund|||||||||42,714|42,714| |Accompanied||Groups|||||452|||(3,212)|(2,760)| |Restricted
Funds|||||||||||| |Pastoral|fund|||||||||163|163| |Wates Foundation||||fund||||||1,294|1,294| |Pre School fund|||||||||||| |Building|fund||||||||1,471|(11,481)|1,471| ||||||2,873,963|16,067|||(5,575)||2,884,455| |2019:|||||||||||| ||||||||||Other|Balance|| ||||||Fixed||||net|between|| ||||||assets|Cash|||assets|funds|Tota I| ||||||E||||||| |Fund balances|||at|30September 2019are||represented||by:|||| |General|fund||||||3,818||(27,571)|34,648|10,895| |Designated||Funds|||||||||| |General|fixed|asset fund|||2,743,944||||||2,743,944| |Building|fund|||||||||42,714|42,714| |Accompanied|||Groups|||||(8)||78|70| |Restricted
Funds|||||||||||| |Pastoral|fund|||||||||163|163| |Wates|Foundation|||fund||||||1,294|1,294| |Pre School fund|||||6,166|54,656|||75|2,060|62,957| |Building|fund|||||79,927|||1,030|(80,957)|| ||||||2,750,110|138,393|||(26,466)||2,862,037| ## ## ## |||||2020|2019| |---|---|---|---|---|---| ||||||E| |Within|one|year||1,262|2,152| |Within|two|to five years|||1,262| |||||1,262|3,414| |Total|lease|payments|in the year|2,152|2,152| ## |The following|Deacons were associated
with|the following|recipients of|grants:|| |---|---|---|---|---|---| |||||2020|2019| ||||||E| |Deacon||AasociatIon|||| |P King||Pioneers|UK|5,394|5,394| |The following|Deacons received remuneration|in the year,|as permitted|by section 23 ofthe|Constitution:| |The following
Deacons received|remuneration
in the year, as permitted|by section 23 ofthe C|onstitution:| |---|---|---|---| |||2020|2019| |Deacon|Occupation||| |Rev R Marzetti|Pastor|30,996|31,008| |||30,996|31,008| ## ## ## ## ## ## ## ## |Pen|sion commitments
and o|sion commitments
and o|ther po|st-retirement
benefit|s (conti| |---|---|---|---|---|---| |The|key assumptions
underlying
the||valuation|were as follows:|| ||Type ofassumption
RPI price inflation
assumption||||%pa
3.50| ||CPI price inflation
assumption||||2.75| ||Minimum
Assumed|Pensionable
Income
investment
returns|increases|(CPI plus 0.75% pa)|3.50| |||Pre-retirement|||3.50| |||Post retirement|||2.25| ||Deferred|pension
increases|||| |||Pre April 2009|||3.50| |||Post April 2009|||2.50| ||Pension increases||||| |||Main Scheme pension|Pre April|2006|2.70| |||Main Scheme pension|Post April 2006||2.00| ## ## |movement
in the provisi|on|is se|t out in the table below.|||| |---|---|---|---|---|---|---| ||||||2020|2019| |||||||E| |Balance sheet liability|at|the|start ofthe year||36,245|37,298| |Minus deficiency
contributions|||paid||(3,158)|(3,528)| |Interest cost (recognised||in SoFA)|||520|889| |Remaining
change to|balance||sheet liability* (recognised|in SoFA)|(227)|1,586| |Balance sheet liability|at|the|end ofthe year||33,380|36,245| ## ## ## |Pension commitments
and|Pension commitments
and|other post-retirement
benefits (continued)|other post-retirement
benefits (continued)|other post-retirement
benefits (continued)|other post-retirement
benefits (continued)|| |---|---|---|---|---|---|---| |This liability represents
the present
has been valued
using the following||value ofthe deficit contributions
agreed as at the accounting
assumptions
set by reference
to the duration
of the deficit||||date and
recovery| |payments;||||||| |||||2020|2019|2018| |Discount rate||||0.4||2.5%| |Future increases|to Minimum
Pensionable||Income|3.1%|3.4%|33%|