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|||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|
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|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|
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||||||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|
##
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||||||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|
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||||||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|
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