| General | Renew 55 | Housing | Total | Total | ||
|---|---|---|---|---|---|---|
| Fund | Fund | 2020 | 2019 | |||
| Note | ||||||
| INCOMING RESOURCES ON GENERATED | FUNDS | |||||
| Gifts and donations | 160,798 | 2,000 | 162,798 | 172,455 | ||
| Income tax recovered on gifts |
34,844 | 34,844 | 35,795 | |||
| Other income | 1,549 | 1,549 | 1,255 | |||
| Legacy | 30,000 | 30,000 | ||||
| Contributions towards Connnunity |
Listener | 18,500 | 18,500 | 3,500 | ||
| Interest received | 27 | 30 | 42 | |||
| Total incoming resources | 245,718 | 2,000 | 247,721 | 213,047 | ||
| RESOURCES EXPENDED | ||||||
| Charitable activities |
||||||
| Ministry | 2. | 142,837 | 142,837 | 132,555 | ||
| Connnunity Listener expenses |
2.1 | 21,958 | 21,958 | 7,140 | ||
| Mission | 3. | 5,394 | 5,394 | 13,626 | ||
| Upkeep ofchurch premises | 18,815 | 18,815 | 18,843 | |||
| Administration | 5. | 7,695 | 7,695 | 10,159 | ||
| Tithe | 6. | 22,669 | 22,669 | 22,860 | ||
| Depreciation | 6,871 | 6,871 | 14,033 | |||
| Recognition ofpension liability |
(25,362) | (25,362) | 3,287 | |||
| 200,876 | 200,876 | 222,503 | ||||
| Total resources expended | 200,876 | 200,876 | 222,503 | |||
| NET INCOMING RESOURCES | 44,841 | 2,000 | 46,845 | (9,456) | ||
| OTHER INCOMING RESOURCES | ||||||
| Change in the value offixed asset |
investments | (2,530) | (2,530) | 1,986 | ||
| Fund balance at 31 December 2019 | 19,206 | 28,325 | 47,531 | 55,001 | ||
| Fund balance at 31 December 2020 | 64,048 | 2,000 | 25,798 | 91,846 | 47,531 |
| BALANCE SHEET AS AT 31DECEMBER | BALANCE SHEET AS AT 31DECEMBER | BALANCE SHEET AS AT 31DECEMBER | BALANCE SHEET AS AT 31DECEMBER | 2020 | Unrestricted | Funds | |||
|---|---|---|---|---|---|---|---|---|---|
| General | Renew 55 | Housing | Total | ||||||
| Fund | Fund | 2020 | 2019 | ||||||
| Note | |||||||||
| Tangible fixed assets | 6,871 | ||||||||
| Investments | 16,239 | 16,239 | 18,769 | ||||||
| Total Fixed Assets | 16,239 | 16,239 | 25,640 | ||||||
| CURRENT ASSETS | |||||||||
| Debtors and prepayments | 1,477 | 1,477 | 477 | ||||||
| Income tax recoverable | on | gifts | 7,046 | 7,046 | 7,404 | ||||
| Lloyds current accounts | 47,669 | 2,000 | 49,669 | 28,862 | |||||
| Lloyds savings account | 73,823 | 9,559 | 83,381 | 83,351 | |||||
| 130,015 | 2,000 | 9,559 | 141,574 | 120,095 | |||||
| CREDITORS due within | one year | ||||||||
| Accruals | 2,459 | 2,459 | 2,563 | ||||||
| 2,459 | 2,459 | 2,563 | |||||||
| NET CURRENT ASSETS | 127,556 | 2,000 | 9,559 | 139,115 | 117,532 | ||||
| NET ASSETS BEFORE | PROVISIONS | 127,556 | 2,000 | 25,798 | 155,354 | 143,172 | |||
| PROVISIONS FOR LIABILITIES | 63,509 | 63,509 | 95,641 | ||||||
| NET ASSETS AFTER PROVISIONS | 64,048 | 2,000 | 25,798 | 91,846 | 47,531 | ||||
| FUNDS OF THE CHARITY | |||||||||
| Unrestricted general fund |
64,048 | 2,000 | 66,048 | 19,206 | |||||
| Unrestricted designated |
housing | fund | 25,798 | 25,798 | 28,325 | ||||
| 64,048 | 2,000 | 25,798 | 91,846 | 47,531 |
| TYPE OF ASSUMPTION | TYPE OF ASSUMPTION | '/o pa | |
|---|---|---|---|
| RPI price inflation assumption |
3.20 | ||
| CPI price inflation assumption |
2.75 | ||
| Minimum | Pensionable Income Increases (CPI plus 1.0'/o pa) |
3.20 | |
| Assumed | investment returns |
||
| - Pre-retirement | 2.95 | ||
| - Post-retirement | 1.70 | ||
| Deferred | pension increases | ||
| -Pre April 2009 | 3.20 | ||
| -Post April 2009 | 2.50 | ||
| Pension | increases | ||
| -Main Scheme pension | 2.70 |
| 2020 | 2019 | |||||
|---|---|---|---|---|---|---|
| Ministers' | salaries | 58,351 | 57,180 | |||
| Ministers' | pension contributions |
7,050 | 7,157 | |||
| Other pastoral salaries | 43,587 | 47,493 | ||||
| Other pastoral pension | contributions | 1,203 | 1,321 | |||
| Employer's | national insurance |
4,827 | 6,232 | |||
| Ministers' | &staff expenses | 3,149 | 4,069 | |||
| Rent on minister's house |
9,600 | 0 | ||||
| Manse and | housing expenses |
8,789 | 9,104 | |||
| Sound 8'c video engineers |
6,280 | 403 | ||||
| 142,837 | 132,958 | |||||
| Average number ofemployees | ||||||
| No employee received |
emoluments | in excess off60,000 | ||||
| Trustee remuneration | and ex enses | |||||
| 2020 | 2020 | 2020 | ||||
| Gross | Employer | Reimbursed | ||||
| salary | pension | expenses | ||||
| contributions | ||||||
| P Deller | 31,867 | 3,848 | 1,878 | |||
| EIbberson | 26,483 | 3,203 | 3,549 | |||
| M Harvey | 396 | |||||
| A Slough | 785 |
| 2020 | 2019 | |||
|---|---|---|---|---|
| Salary | 19,634 | 6,072 | ||
| Pension contributions | 599 | 174 | ||
| Employer's national |
insurance | 1,547 | 501 | |
| Staff expenses | 178 | 394 | ||
| 21,958 | 7,140 | |||
| 3.MISSION | ||||
| Children and youth ministry |
1,833 | 4,135 | ||
| Transforming | Lives | for Good | 978 | 1,116 |
| Renew 55 | 504 | 487 | ||
| Anna Chaplaincy | 387 | 0 | ||
| Training costs | 643 | 2,041 | ||
| Turning Point | Mission | 0 | 2,676 | |
| 2019Church Weekend | 0 | 972 | ||
| Other | 1,049 | 2,199 | ||
| 5,394 | 13,626 |
| 2020 | 2019 | |||||
|---|---|---|---|---|---|---|
| Insurance | 1,688 | 1,648 | ||||
| Lighting, heating and water |
2,423 | 3,203 | ||||
| Repairs and maintenance | 11,695 | 3,552 | ||||
| Hall rental | 1,578 | 6,550 | ||||
| Cleaning | 1,331 | 2,589 | ||||
| Equipment expensed |
100 | 1,298 | ||||
| 18,815 | 18,841 | |||||
| 5. | ADMINISTRATION | COSTS | ||||
| 2020 | 2019 | |||||
| Printing and stationery |
1,277 | 2,263 | ||||
| Telephone and |
postage | 1,847 | 1,958 | |||
| Catering | 471 | 1,917 | ||||
| Subscriptions | 1,723 | 1,859 | ||||
| Independent Examiner's |
Fee | 600 | 580 | |||
| Payroll services | 350 | 320 | ||||
| Sundry | 1,426 | 1,263 | ||||
| 7,695 | 10,159 | |||||
| 6. | TITHE | |||||
| 2020 | 2019 | |||||
| Romania | 4,015 | 4,015 | ||||
| Home mission | fund | 3,539 | 3,000 | |||
| Field workers | 1,020 | 1,020 | ||||
| Baptist Missionary | Society | 1,800 | 1,800 | |||
| Open Doors | 3,000 | 4,750 | ||||
| Agape Alive In India | 4,000 | 3,320 | ||||
| North Cotswold | Foodbank | 1,500 | 500 | |||
| Evangelical Church |
ofPapua New Guinea | 0 | 1,015 | |||
| Dave Sillence | 1,800 | 0 | ||||
| Other external mission | 1,995 | 3,440 | ||||
| 22,669 | 22,860 |
| Building | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Improvements | Equipment | Furnishings | Total | ||||||||
| COST | |||||||||||
| At I January 2020 | 207,819 | 67,968 | 20,285 | 296,072 | |||||||
| Additions | |||||||||||
| At 31 December 2020 | 207,819 | 67,968 | 20,285 | 296,072 | |||||||
| DEPRECIATION | |||||||||||
| At I January 2020 | 200,948 | 67,968 | 20,285 | 289,201 | |||||||
| Charge for the year | 6,871 | 6,871 | |||||||||
| At 31 December 2020 | 207,819 | 67,968 | 20,285 | 296,072 | |||||||
| NET BOOI&.VALUE | |||||||||||
| At 31December 2020 | |||||||||||
| At 31 December 2019 | 6,871 | 6,871 | |||||||||
| PROVISIONS FOR LIABILITIES | |||||||||||
| 2020 | 2019 | ||||||||||
| Liability on eventual | sale offi'eehold | 10,000 | 10,000 | ||||||||
| Pension liability | 53,509 | 85,641 | |||||||||
| 63,509 | 95,641 | ||||||||||
| The pension liability represents the present value ofthe |
deficit contributions | indicated | as | ||||||||
| being attributable to the Charity by the |
pension trustees. | It has been | valued using the following | ||||||||
| assumptions set by reference |
to the duration ofthe deficit | recovery payments | |||||||||
| Accounting date |
31Dec2020 | 31 | Dec 2019 | 31 | Dec 2018 | ||||||
| Discount rate | 0.40% | 1.70% | 2.40% | ||||||||
| Pensionable income |
3.00% | 3.20% | 3.30% | ||||||||
| The movement in the |
provision is set out below. |
||||||||||
| 2020 | 2019 | ||||||||||
| Balance sheet liability | at | year | start | 85,641 | 91,186 | ||||||
| Minus deficiency contributions paid |
(6,770) | (8,832) | |||||||||
| Interest cost (recognised | in SoFA) | 1,399 | 2,083 | ||||||||
| Remaining change to |
balance | sheet liability (recognised | in SoFA) | (26,761) | 1,204 | ||||||
| Balance sheet liability | at | year | end | 53,509 | 85,641 | ||||||
| The income and expenditure | charge | comprises: | |||||||||
| Deficiency contributions | paid | 6,770 | 8,832 | ||||||||
| Movement in balance |
sheet liability | (32,132) | (5,545) | ||||||||
| (25,362) | 3,287 |