||||Page|
|---|---|---|---|
|Charity Reference and Administrative||Details||
|Trustees
Annual
Report|||2to5|
|Independent|Auditor's
Report||6to8|
|Statement of|Financial Activities|||
|Balance sheet|||10|
|Statement of|Cash Flows|||
|Notes to the|financial statements||12to 22|
|CHARITY REGISTRATION NUMBER|1131309|||||||
|---|---|---|---|---|---|---|---|
|TRUSTEES|Donald Campbell
(Team leader|||/|Minister)|||
||Laurie Marshall
(Elder)|||||||
||Judy Hyde (Elder)|||||||
||Mark Maybury
(Elder)|||||||
||Louise Gore (Elder)|Appointed||29/04/21||||
||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|Mitten Clarke Audit|Ltd||||||
||3' Floor|||||||
||International
House|||||||
||Hatherton
Street|||||||
||Walsall|||||||
||West Midlands|||||||
||WS4 2LA|||||||
|BANKERS|Lloyds Bank pic|||||||
||Birmingham
Road|||||||
||Sutton Coldfield|||||||
||West Midlands|||||||
||B72 1QA|||||||
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||||Unrestricted|Restricted|2021|2020|
|---|---|---|---|---|---|---|
|||Notes|f|f|f|f|
|Income and endowments|from:||||||
|Donations
and legacies|||709,119|62,367|771,486|707,420|
|Charitable
activities||||46,642|46,642|28,939|
|Other trading activities|||838|||2,265|
|Investments|||418||418|736|
|Total income and endowments|||710,375|109,009|819,384|739,360|
|Expenditure
on:
Charitable
activities|||736,638|75,155|811,793|748,555|
|Total expenditure|||736,638|75,155|811,793|748,555|
|Net Income/(expenditure)|||(26,263)|33,854|7,591|(9,195)|
|Transfers between
funds|||1,747|(1,747)|||
|Net movement
in funds|||(24,516)|32,107|7,591|(9,195)|
|Reconciliation
offunds:|||||||
|Total funds brought forward|||1,094,514|275,621|1,370,135|1,379,330|
|Total funds carried forward|||1,069,998|307,728|1,377,726|1,370,135|
##
||||2021||2020||
|---|---|---|---|---|---|---|
|FIXEDASSETS||Note||E||E|
|Tangible assets||11||1,129,385||1,182,495|
|CURRENT ASSETS|||||||
|Debtors||12|64,143||47,041||
|Cash at bank and|in hand|13|188,060||145,260||
||||252,203||192,301||
|CREDITORS:|||||||
|amounts
falling due within one year||14|3,862||4,661||
|NET CURRENT ASSETS||||248,341||187,640|
|NET ASSETS||||1,377,726||1,370,135|
|CHARITY FUNDS|||||||
|Restricted funds||16||307,728||275,621|
|Unrestricted
funds||17||1,069,998||1,094,514|
|TOTAL CHARITY FUNDS||||1,377,726||1,370,135|
|||||2021|2020|
|---|---|---|---|---|---|
||||Note|E|f|
|Cash flow from operating||activities|19|42,800|26,415|
|Cash flow from investing||activities||||
|Payments to acquire fixed||assets||||
|Net increase/(decrease)|in cash|||42,800|26,415|
|equivalents||||||
|Cash and cash equivalents||bought forward||145,260|118,845|
|Cash and cash equivalents||carried forward||188,060|145,260|
|Cash and cash equivalents||consist of:||||
|Cash at bank and in hand|||13|188,060|145,260|
##
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##
|extension/refurbishment
work (f30|extension/refurbishment
work (f30|0,0002007/0|8) over a 50year 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
of worship|building||||
|Furniture
and fittings|||||
|Computer
equipment|||||
|Community
bus|||||
##
##
##
##
||Unrestricted|Restricted|2021|2020|
|---|---|---|---|---|
||f|E|E|E|
|Offerings|528,179||528,179|490,781|
|Tax refunds|117,999||117,999|105,738|
|Donations|57,881|50,037|107,918|89,665|
|Fees|5,060||5,060|6,355|
|Special offering||12,330|12,330|14,881|
||709,119|62,367|771,486|707,420|
##
##
|NCOIVIE FROM CHARITABLE A|CTIVITIES||||
|---|---|---|---|---|
||Unrestricted|Restricted|2021|2020|
||E|f|E|f|
|Organisations||8,056|8,056|7,503|
|Second Thoughts||38,586|38,586|19,200|
|JRS Grant||||2,236|
|||46,642|46,642|28,939|
##
|NCOME
FROIVI OTHER TRADING AC|TIVITIES|||||
|---|---|---|---|---|---|
||Unrestricted|Restricted|2021||2020|
||E|E|E||E|
|Sundry income and refunds|||||1,358|
|Solar energy|838|||838|907|
||838|||838|2,265|
|S.|INCOME FROM INVESTMENTS|||||||
|---|---|---|---|---|---|---|---|
||Unrestricted
f||Restricted
f|2021
f||2020
f||
||Deposit interest
Loan interest received|297
321|||297
321||295
441|
|||618|||618||736|
||In 2020, investment
income was all attributable|to unrestricted|funds.|||||
|6.|ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES|ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES||||
|---|---|---|---|---|---|
|||Unrestricted
f|Restricted
f|2021
f|2020
f|
||Facilities|97,593||97,593|78,021|
||Mission|146,354||146,354|138,288|
||Children
8 Young People
Employment
Costs (inc volunteers)
Sundry Expenses
Vehicles|6,795
334,462
34,106|15,560|6,795
334,462
49,666|9,651
327,468
23,174
2,886|
||Organisations
Support Costs|117,328|23,882
35,713|23,882
153,041|23,477
145,590|
|||736,638|75,155|811,793|748,555|
##
|NALYSIS OF S|UPPO|RT COSTS|||||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|2021|2020|
||||f|f|f|f|
|Administration|||31,905||31,905|32,137|
|Administrative|staff||61,774||61,774|56,156|
|Depreciation
Governance:|Audit|fee|17,397
3,450|35,713|53,110
3,450|53,525
3,330|
||Bank|chgs|1,206||1,206|442|
||Legal|fees|1,596||1,596||
||||117,328|35,713|153,041|145,590|
|8.|ANALYSIS OF GRANTS|ANALYSIS OF GRANTS|||||||
|---|---|---|---|---|---|---|---|---|
||The largest grants|made by||the Church||during the year were as follows:|||
||||||||2021|2020|
||||||||E|E|
||24/7||||||22,500|20,100|
||Agape||||||3,000|3,100|
||Baptist Missionary|Society|||||16,000|16,000|
||ECM||||||10,000|10,000|
||Heart of England|Baptist|Association||||28,500|28,250|
||Lou Gore Jericho||||||6,500||
||Operation
Mobilisation||||||4,200|4,500|
||Reach Across||||||5,000|10,500|
||Sparkb rook||||||1,200|1,200|
||Wilsons|||||||2,500|
||Wycliffe Bible Translators||||||10,000|11,500|
||Sudan Project||||||1,300|1,700|
||||||||108,200|109,350|
|9.|NET INCOIVIE FOR|THE YEAR|||||||
||||||||2021|2020|
||||||||E|E|
||Net (expenditure)/income|||for the year||is stated after|||
||charging:||||||||
||Auditors
remuneration||||||3,450|3,330|
||Depreciation
on tangible||fixed assets||||53,110|53,525|
|10.|STAFF COSTS AND|TRUSTEES EXPENSES|||||||
||||||||2021|2020|
||||||||E|f|
||Salaries||||||335,557|322,646|
||Social security costs||||||26,357|25,144|
||Pension costs||||||45,509|41,228|
||Volunteer
costs|||||||1,351|
||Staff expenses||||||966|548|
||||||||408,389|390,917|
||The average number of||employees||during the year was:||14|14|
||||||||11FTE|11FTE|
##
|rustee,
M Steel who replaced
J Willia
greed with the Charity Commission.|ms
i|s employed
as the ad|s employed
as the ad|minist|rator
|as o|utlined
in the c|onstitution|
|---|---|---|---|---|---|---|---|---|
|s agreed with the Charity Commission,|the|Elders, Administrator||and|Minister|of|the Church are|designated|
|s Trustees and received the following|during the year:||||||||
||||||||2021|2020|
||||||||f|f|
|Remuneration|||||||82,526|76,473|
|Pension|||||||19,828|15,490|
|ther than the Minister and Administrator,||no trustee received||any remuneration|||or reimbursed||
|xpenses (2020: Nil).|||||||||
|ANGIBLE FIXEDASSETS|||||||||
|||Church|Furniture||S.|Community|||
|||Premises
f|Equipment
f|||Vehicle
f||Total
f|
|Cost|||||||||
|At 1"January 2021||1,390,551||86,904|||45 588|1523 043|
|At 31"December 2021||1,390,551||86,904|||45 588|1523 043|
|Depreciation
At 1"January 2021
Charge for year||219,727
41,713||86,630|||34,191
11,397|340,548
53,110|
|At 31"December 2021||261,440||86,630|||45,588|393,658|
|Net Book Value|||||||||
|At 31"December 2021||1,129,111|||274|||1,129,385|
|At 31"December 2020||1,170,824|||274||11,397|1,182,495|
##
##
##
|DEBTORS|||
|---|---|---|
||2021|2020|
||f|f|
|Short term deposits for organisations
Income tax recoverable|31,187
11,899|11,691
11,127|
|Prepayments
Employee
loan
Other debtors|3,842
16,250
965|2,637
21,451
135|
||64,143|47,041|
|13.|BANK AND CASH BALANCES|BANK AND CASH BALANCES|||
|---|---|---|---|---|
||||2021|2020|
||||f|f|
||Current account||107,095|89,510|
||Deposit account
Card collection accounts||76,269
4,647|50,972
4,728|
||Petty cash account||50|50|
||||188,060|145,260|
|14.|CREDITORS: Amounts|falling due within one year|||
||||2021
E|2020f|
||Accruals||3,000|3,000|
||Other creditors||862|1,661|
||||3,862|4,661|
|15.|OPERATING
LEASE COMMITMENTS|OPERATING
LEASE COMMITMENTS|||||
|---|---|---|---|---|---|---|
||Total future
minimum|lease payments
under|non-cancellable|operating
leases|are as follows:||
||||2021||2020||
||||Land S.|Other|Land 5|Other|
||||Buildings||Buildings||
||||f|E|E||
||Within 1year
Between 1-5years||6,800
5,100|8,160
20,400|6,800
11,900|8,160
28,560|
||||11,900|28,560|18,700|36,720|
|16.|RESTRICTED FUNDS||||||
|||Opening|Incoming|Resources||Closing|
|||Balance
E|Resources
E|Expended
f|Transfers
E|Balance
f|
||Glory group
Organisation
funds
Second Thoughts
Manse fund|277
3,014
8,551
39,750|17
8,056
38,586|11
7,139
16,743|(1,747)|283
2,184
30,394
39,750|
||Special offerings
Mission trips
Building project|12,625
226
211,178|12,330|15,529
35,713||9,426
226
175,465|
||Agency
Renovation
fund||20
50,000|20||50,000|
|||275,621|109,009|75,155|(1,747)|307,728|
|17|UNRESTRICTED/DESIGNATED|FUNDS|||||
|---|---|---|---|---|---|---|
|||Opening|Incoming|Resources||Closing|
|||Balance
f|Resources
f|Expended
f|Transfers
f|Balance
f|
|||920,170||6,000||914,170|
|||(7,934)
102,964|650,281
852|516,318|(108,356)
(15,600)|17,673
88,216|
|||18,836|21,733|32,243|(18)|8,308|
|||22|||(22)||
|||131|||(131)||
|||465|2,741|1,535|(654)|1,017|
|||7,882|19,050|138,528|111,596||
|||11,397||11,397|||
|||234|4,122|3,625|(271)|460|
|||35,405|321|4,202|6,879|38,403|
|||(1,139)
1,319|6,215|14,995
1,000|9,919
300|619|
|||4,047|5,060|6,795|(1,895)|417|
|||715||||715|
|||1,094,514|710,375|736,638|1,747|1,069,998|
##
||||Unrestricted|Designated|Restricted|Total|
|---|---|---|---|---|---|---|
||||Funds
f|Fundsf|Fundsf|Assets
f|
|Fixed|Assets|||914,170|215,215|1,129,385|
|Bank|and cash|in hand|4,829|121,905|61,326|188,060|
|Other|current|assets/liabilities|12,844|16,250|31,187|60,281|
||||17,673|1,052,325|307,728|1,377,726|
|19.|RECONCILIATION
OF|NET|INCOIVIE TO NET CASH FLOW FROM OPERATING ACTIVITIES|INCOIVIE TO NET CASH FLOW FROM OPERATING ACTIVITIES||
|---|---|---|---|---|---|
|||||2021|2020|
|||||f|f|
||Net income/(expenditure)||for year|7,591|(9,195)|
||Depreciation
oftangible||fixed assets|53,110|53,525|
||(Increase)/decrease|in debtors||(17,102)|(18,494)|
||Increase/(decrease)|in creditors||(799)|579|
|||||42,800|26,415|
##
|||BDSDBPlan|
|---|---|---|
|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|||||/o 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/o pa)|2.95|
|Post retirement
assumed
investment|returns||(including|benefits matched|1.70|
|by the insurance
policy) (gilt yield plus 0.5/o|||pa)|||
|Minimum
Pensionable
Income increases||(CPS plus 0.5/o)|||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|of 0/o and annual|||cap of5/o|2.7|
##