|||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|||||||
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||||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|'|
##
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##
|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|||||
##
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##
||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|
##