2020-12-31-accounts - Sutton Coldfield Baptist Church

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		Page
Charity Reference and Administrative	Details
Trustees Annual Report		2to6
Independent Auditor's Report		7to9
Statement of Financial Activities
Balance sheet
Statement ofCash Flows		12
Notes to the financial statements		13 to 23

CHARITY REGISTRATION NUMBER	1131309
TRUSTEES	Donald Campbell	(Team leader		/	Minister)
	Laurie Marshall	(Elder)
	Lyndsay Drury (Elder) Resigned			25/06/20
	Judy Hyde (Elder)
	Mark Maybury (Elder) Appointed				25/06/20
	John Williams (Administrator)			Retired		31/03/21
	Mark Steel (Administrator)		Appointed			01/02/21
CUSTODIAN TRUSTEES	The buildings ofthe charity		are	registered			with the Baptist Union
	Corporation at Didcot, Oxfordshire				as	custodian trustees.
PRINCIPAL ADDRESS	Trinity Hill
	Sutton Coldfield
	West Midlands
	B721TA
AUDITORS	Bakers
	Chartered Accountants
	Arbor House
	Broadway North
	Walsall
	West Midlands
	WS1 2AN
BANKERS	Lloyds Bank pic
	Birmingham Road
	Sutton Coldfield
	West Midlands
	B72 1QA

			Unrestricted	Restricted	2020	2019
		Notes	E	E	E	f
Income and endowments	from:
Donations and legacies			692,513	14,907	707,420	755,453
Charitable activities			2,236	26,703	28,939	34,542
Other trading activities			2.265		2,265	5,809
Investments			736		736	555
Total income and endowments			697,750	41,610	739,360	796,359
Expenditure on:
Charitable activities			678,855	69,700	748,555	821,652
Total expenditure			678,855	69,700	748,555	821,652
Net Income/(expenditure)			18,895	(28,090)	(9,195)	(25,293)
Transfers between funds			(36)	36
Net movement in funds			18,859	(28,054)	(9,195)	(25,293)
Reconciliation offunds:
Total funds brought forward			1,075,655	303,675	1,379,330	1,404,623
Total funds carried forward			1,094,514	275,621	1,370,135	1,379,330

		2020		2019
FIXEDASSETS	Note		E		E
Tangible assets	11		1,182,495		1,236,020
CURRENT ASSETS
Debtors	12	47,041		28,547
Cash at bank and in hand	13	145,260		118,845
		192,301		147,392
CREDITORS:
amounts falling due within one year		4,661		4,082
NET CURRENT ASSETS			187,640		143,310
NET ASSETS			1,370,135		1,379,330
CHARITY FUNDS
Restricted funds	16		275,621		303,675
Unrestricted funds	17		1,094,514		1,075,655
TOTAL CHARITY FUNDS			1,370,135		1,379,330

			2020	2019
		Note	E	E
Cash flow from operating	activities	19	26,415	37,412
Cash flow from investing	activities
Payments to acquire fixed assets
Net increase/(decrease)	in cash		26,415	37,412
equivalents
Cash and cash equivalents	bought forward		118,845	81,433
Cash and cash equivalents	carried forward		145,260	118,845
Cash and cash equivalents	consist of:
Cash at bank and in hand			145,260	118,845	'

extension/refurbishment work (f30	extension/refurbishment work (f30	0,0002007/0	8) over a50year period.
Depreciation on other fixed assets		is calculated	to write off the cost on a straight-line	basis over their
expected useful life, at the	following	rates:
Refurbishment ofworship	building
Furniture and fittings
Computer equipment
Community bus

	Unrestricted	Restricted	2020	2019
	E	f	f	E
Offerings	490,781		490,781	465,987
Tax refunds	105,738		105,738	99,691
Donations	89,642	26	89,668	153,521
Fees	6,355		6,355	25,218
Special offering		14,881	14,881	11,036
	692,513	14,907	707,420	755,453

					Unrestricted	Unrestricted	Unrestricted	Restricted		2020	2019	2019
						E		E		f		E
	Organisations							7,503		7,503		15,773
	Second Thoughts							19,200		19,200		18,769
	JRSGrant						2,236			2,236
							2,236	26,703		28,939		34,542
	In 2019,f34,542	ofthe charitable	activities income				was all attributable		to	restricted funds.
	Second Thoughts	is a community	facility situated			on Falcon		Lodge. Whilst		goods are sold i.e.second hand
	clothes and bric-a-brac, these have			all been	donated at no cost and are					sold at market	prices.	It is no
	operated to generate funds for Sutton Coldfield					Baptist Church.
								Income		Expenditure		Net
								f		f		E
	Second Thoughts							19200		13205		5995
4.	INCOME FROM OTHER TRADING		ACTIVITIES
					Unrestricted			Restricted		2020	2019
						E		E		E		f
	Sundry income and refunds						1,358			1,358		4,634
	Solar energy						907			907		1,175
							2,265			2,265		5,809

	Unrestricted	Unrestricted	Restricted	2020		2019
		f		f		f
Deposit interest		295			295		555
Loan interest received		441			441
		736			736		555
In 2019,investment	income was all attributable	to unrestricted	funds.

NALYSIS	OF	EXPENDITURE ON CHARIT	ABLE ACTIVITIES
			Unrestricted	Restricted	2020	2019
			f	f	f	f
Facilities			78,021		78,021	79,156
Mission			138,288		138,288	171,959
Children	&Young People		9,651		9,651	43,250
Employment		Costs (inc volunteers)	327,468		327,468	299,677
Sundry Expenses			13,079	10,095	23,174	32,445
Vehicles			2,886		2,886	2,568
Qrganisations				23,477	23,477	33,456
Support	Costs		109,462	36,128	145,590	159,141
			678,855	69,700	748,555	821,652

NALYSIS OF	SUPPO	RT COSTS
			Unrestricted	Restricted	2020	2019
			f	f		f
Administration			32.137		32,137	33,699
Administrative	staff		56,156		56,156	54,930
Depreciation			17,397	36,128	53,525	67,302
Governance:	Audit	fee	3,330		3,330	3,210
	Bank	chgs	442		442
			109,462	36,128	145,590	159,141

						2020	2019
						f	f
	24/7					20,100	12,500
	Agape					3,100	2,900
	Baptist Missionary		Society			16,000	15,500
	ECM					10,000	9,500
	Heart of England		Baptist	Association		28,250	27,400
	Lou Gore Jericho						6,000
	Hampsons						9,125
	Operation Mobilisation					4,500	4,500
	Reach Across					10,500	8,700
	Sparkbrook					1,200	1,200
	Wilsons					2,500	4,325
	Wycliffe Bible	Translators				11,500	9,904
	Reachout Network						2,000
	Sudan Project					1,700
						109,350	113,554
9.	NET INCOME FOR		THE YEAR
						2020	2019
						f	f
	Net (expenditure)/income			for the year is stated after
	charging:
	Auditors remuneration					3,330	3,210
	Depreciation	on tangible		fixed assets		53,525	67,302
10.	STAFF COSTS AND		TRUSTEES EXPENSES
						2020	2019
						f	f
	Salaries					322,646	293,583
	Social security	costs				25,144	23,237
	Pension costs					41,228	45,449
	Volunteer costs					1,351	4,455
	Staff expenses					548	751
						390,918	367,475
	The average number ofemployees				during the year was:	14	13
						11FTE	10FTE

s Trustees and received the following during t	he year:
	2020	2019
	f	f
Remuneration	76,473	74,906
Pension	15,490	13,103

ANGIBLE FIXEDASSETS
	Church	Furniture	Ec	Community
	Premises f	Equipment f		Vehicle f	Total f
Cost
At 1"January 2020	1,390,551	86,903		45,588	1,523,042
At31"December 2020	1,390,551	86,903		45,588	1,523,042
Depreciation At 1"January 2020	178,464	85,764		22,794	287,022
Charge for year	41,263		865	11,397	53,525
At31"December 2020	219,727	86,629		34,191	340,547
Net BookValue
At 31"December 2020	1,170,824		274	11,397	1,185,495
At31"December 2019	1,212,087	1,139		22,794	1,236,020
All ofthe fixed assets are used for direct	charitable purposes.
DEBTORS
				2020	2019
				f	f
Short term deposits for organisations				11,691	8,462
Income tax recoverable				11,262	11,238
Prepayments				2,637	7,544
Employee loan				21,451
Other debtors				135	1,303
				47,176	28,547

13.	BANK AND CASH BALANCES	BANK AND CASH BALANCES
			2020	2019
			f	f
	Current account		89,510	68,168
	Deposit account		50,972	50,677
	Card collection accounts		4,728
	Petty cash account		50
			145,260	118,845
14.	CREDITORS: Amounts	falling due within one year
			2020	2019
			f	f
	Accruals		3,000	3,000
	Other creditors		1,661	1,087
			4,661	4,087

15.	OPERATING	LEASE COMMITMENTS	LEASE COMMITMENTS	LEASE COMMITMENTS
	Total future	minimum		lease payments	under	non-cancellable	operating leases are as follows:
						2020			2019
						Land 5	Other	Land	5	Other
						Buildings f	f	Buildings f		f
	Within 1year					6,800	8,160		6,800	10,910
	Between 1-5		years			11,900	28,560	18,700		13,638
						18,700	32,708	25,500		24,548
16.	RESTRICTED	FUNDS
				Opening		Incoming	Resources			Closing
				Balance f		Resources f	Expended f	Transfers f		Balance f
	Glory group				356	26	105			277
	Organisation		funds	5,708		7,503	10,272		75	3,014
	Second Thoughts			2,595		19,200	13,205		(39)	8,551
	Manse fund			39,750						39,750
	Special offerings			7,734		14,881	9,990			12,625
	Mission trips				226					226
	Building project			247,306			36,128			211,178
				303,675		41,610	69,700		36	275,621

17.	UNRESTRICTED/DESIGNATED	UNRESTRICTED/DESIGNATED	UNRESTRICTED/DESIGNATED	UNRESTRICTED/DESIGNATED	UNRESTRICTED/DESIGNATED	FUNDS	FUNDS
						Opening		Incoming	Resources		Closing
						Balance		Resources	Expended	Transfers	Balance
						E		f	E	f	E
						926,170			6,000		920,170
						(19,956)		608,660	455,216	(141,422)	(7,934)
						117,586		1,448	6,470	(9,6oo)	102,964
							2,375	24,097	7,636		18,836
							1,747	(50)	1,600	(75)	22
							102	418	389		131
							(405)		23,937	24,342
							628	2,149	2.312		465
							9,327	12,648	118,983	104,890	7,882
						22,794			11,397		11,397
							4,684	2,143	8,513	1,920	234
							2,546	34,979	9,320	7,200	35,405
							1,439	4,903	17,081	9,600	(1,139)
							1,369		350	300	1,319
							4,581	6,355	9,651	2,762	4,047
							715				715
							(47)			47
						1,075,655		697,750	678,855	(36)	1,094,514
18.	ANALYSIS OF	NET ASSETS BETWEEN					FUNDS
								Unrestricted	Designated	Restricted	Total
								Funds	Funds	Funds	Assets
								E	E	E	f
	Fixed Assets								931,567	250,928	1,182,495
	Bank and cash in hand							(20,328)	152,460	13,128	145,260
	Other current	assets/liabilities						9,364	21,451	11,565	42,380
								(10,964)	1,105,478	275,621	1,370,135
19.	RECONCILIATION		OF	NET	INCOME TO NET CASH FLOW FROM OPERATING					ACTIVITIES
										2020	2019
										E	E
	Net (expenditure)/income				for	year				(9,195)	(25,293)
	Depreciation	of	tangible		fixed	assets				53,525	67,302
	(Increase)/decrease			in debtors						(18,494)	(2,624)
	Increase/(decrease)			in creditors						579	(1,973)
										26,415	37,412

		BDSDB Plan
Date ofvaluation		31December 2019
Date next valuation	due	31December 2022
Market value ofscheme assets (A)		E298m
Technical provisions	(B)	E316m
Deficit [(B)-(A)]		E18m
Funding level [(A)/	(B)]	94/o

Type ofassumption						'Yo pa
RPI price inflation assumption						3.20
CPI price inflation assumption						2.70
Minimum Pensionable	Income Increases		(above CPI)			0.50
Assumed investment returns
Pre-retirement assumed	investment	returns		(gilt yield	plus 1.75/0 pa)	2.95
Post retirement assumed investment		returns		(including	benefits matched	1.70
by the insurance policy)	(gilt yield pIus 0.5/0			pa)
Minimum Pensionable	Income increases		(CPS plus 0.5/0)			3.20
Deferred pension increases (based on RPI)
Pre April 2009						3.20
Post April 2009						2.50
Pension increases
Based on CPI with an	annual floor	of0/0 and annual			cap of5/0	2.7