## **Trustees’ Annual Report for the period** **From January 2020 Period start date To Period end date** ## **December 2020** ## **Charity name: Queens Road Baptist Church, Broadstairs** ## **Charity registration number: 1131955** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|The principal purpose of the Church is the
advancement of the Christian faith
according to the principles of the Baptist
denomination. The Church may also
advance education and carry out other
charitable purposes in the United Kingdom
and/or other parts of the world.| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|In fulfilling the Purpose the Church will
engage in a range of Activities either on its
own or with others that will vary from time
to time with Activities being initiated,
expanded, or closed, as appropriate.
The Activities may include but are not
restricted to:
•
regular public worship, prayer,
Bible study, preaching and teaching;
•
baptism, as defined in the Union’s
Declaration of Principle;| |||•
the Communion of the Lord’s
Supper which shall normally be observed at
least once a month;
•
evangelism and mission, locally,
regionally, nationally and internationally;
•
the teaching, encouragement,
welcome and inclusion of young people;
•
nurture and growth of Christian
disciples;
•
education and training for Christian
and community service;
•
giving and encouraging pastoral
care;
•
supporting and encouraging
charitable social action in the United
Kingdom and abroad;
•
encouraging relationships with and
supporting Baptists and other Christians.| |---|---|---| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|Trustees are aware of this guidance| ## **Additional information (optional)** You may choose to include further statements where relevant about: SORP reference Para 1.38 Policy on grant making |Policy on social investment
including program related
investment|Para 1.38|| |---|---|---| |Contribution made by
volunteers|Para 1.38|Apart from 6 staff the church relies totally
on volunteers. We have access to 300+
volunteers many who give large amounts of
time to the church activities.| |Other||In line with current Government guidelines
in relation to COVID19 the activities of the
church have been curtailed and mostly
moved on-line from March 2020| ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|• Provides worship and teaching for a
church wide community of 400
people and additional numbers who
have engaged with streamed
services, teaching and daily
devotions. This has provided a sense
of togetherness when meeting
physically has been restricted.
• Through zoom and other social
media QRBC has continued to
provide activities and relevant
worship and teaching for 40 children
(0-10) and 35 young people (11-18)
creating an environment where they
can explore the Christian faith
• Have maintained links with Schools
and provided on-line pre-recorded
material for Assemblies; access to
hospital has been curtailed but| QRBC have linked with the NHS chaplaincy team; either through social media or when possible onsite support to care homes; on-line well-being courses and support. • Volunteers have continued to provide reception support and cover phone-calls etc. in an effort to keep the building open as much as possible. • Supported and worked in partnership with the Gap project which is based on site and works to provide ongoing support for people struggling with lock-down; provision of food support, continued work with the homeless. • Worked in partnership with Global Challenge providing financial and spiritual support to partner churches in Northern Uganda and associated projects together with supporting a Secondary School for children who otherwise would have no access to education as well as practical support and education for children and adults with physical, emotional and learning needs • Provided pastoral support and spiritual guidance to both the church attendees and the wider community through distanced visiting, phone calls and video calls • As much as possible to provide opportunities for thanksgiving/dedication of children; baptism; marriage, funeral services so that people can be supported and mark these critical times in their lives. These have fallen in-line with Government guidelines. **Additional information (optional)** You may choose to include further statements where relevant about: • Partnering with fellow Baptist Churches in the pursuit of growth and mission and ways of coping with restrictions of worship and mission. |Achievements against
objectives set|Para 1.41|• The office manager has continued to
oversee the maintenance and
effectiveness of the organisation.
Health and Safety and Data
Protection have been brought into
line with recent legislation. Risk
assessments put in place to provide a
COVID compliant environment
• The youth and children’s worker
continued through lock-down to
provide support for young people,
families and children. QRBC kids
on-line programme and craft
activities alongside the delivery of
craft bags to families staying at
home.
• Upgraded pastoral support team and
introduced new strategies to provide
support during lock-down.
• On-line people accessing the
programme has remained consistent
and numbers have exceeded
expectations.
• Reassessed financial commitment to
the two partner charities during
initial lock-down and had to cut-
back but due to support levels being
maintained during lock-down was
able to re-address.
• Granted a payment holiday on
building loan – interest only
payments made.
• Maintained high standards on site
the existing facilities have been
painted and the caretaker ensured
that deep cleaning was carried out.
• The family support worker
employed for 5 hours a week
worked alongside the Youth and
Children’s worker in providing
support for families| |---|---|---| |Performance of fundraising
activities against objectives
set|Para 1.41|| **----- Start of picture text -----**
Investment performance
against objectives Para 1.41
Other
**----- End of picture text -----**
## **Financial Review** |Review of the charity’s
financial position at the end
of the period|Para 1.21|| |---|---|---| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|| |Amount of reserves held|Para 1.22|| |Reasons for holding zero
reserves|Para 1.22|| |Details of fund materially in
deficit|Para 1.24|| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|| **Additional information (optional)** You may choose to include further statements where relevant about: |The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|| |---|---|---| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|| |A description of the principal
risks facing the charity|Para 1.46|| |Other||| ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|
Para 1.25|Constitution| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|Unincorporated association| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|The Church Members’ Meeting shall
appoint Charity Trustees to be responsible
for the governance of the Church and where
there is a Minister that person is a Charity
Trustee because of their role and
responsibilities. Subject to any specific or
general directions of the Church Members’
Meeting and the provisions of 9.2 the
control management and administration of
the Church shall be by the Charity Trustees,
save that the Charity Trustees are not
required to do anything that would cause
them to be in breach of this Constitution or
any trustee duty placed upon them as a
result of this role.| ## **Additional information (optional)** You may choose to include further statements where relevant about: |Policies and procedures
adopted for the induction
and training of trustees|Para 1.51|| |---|---|---| |The charity’s organisational
structure and any wider||| network with which the Para 1.51 charity works Relationship with any related parties Para 1.51 Other ## **Reference and Administrative details** |Charity name|Queens Road Baptist Church Broadstairs| |---|---| |Other name the charity uses|| |Registered charity number|1131955| |Charity’s principal address|Queens Road Baptist Church,
Queens Road,
Broadstairs
Kent
CT10 1NU| ||| **Names of the charity trustees who manage the charity** |1
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20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||Stephen Cave|Minister – Team
Leader and
Chairperson||| ||Samuel Hearle|Team Minister||| ||Ian Hooper|||| ||Simon Kemp|Treasurer||| ||Michelle Jackson|||| ||Gill Corker|||| ||Teresa Fisher|||| ||Peter Okun|Secretary||| ||Caroline Pick|||| ||Peter Verrall|||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| – Corporate trustees names of the directors at the date the report was approved **Director name** Name of trustees holding title to property belonging to the charity **Trustee name Dates acted if not for whole year** Baptist Union of Great Britain and Northern Ireland ## **Funds held as custodian trustees on behalf of others** Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets ## **Additional information (optional) Names and addresses of advisers (Optional information)** ## **Type of Name Address adviser** **Name of chief executive or names of senior staff members (Optional information)** ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details ## **Other optional information** ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** |**Signature(s)**
**Full name(s)**
**Position (eg Secretary,**
**Chair, etc)**
**Date**||| |---|---|---| ||Stephen J Cave|Peter Okun| ||
Chairperson|Secretary| ||30/03/2021|| ||30/03/2021|| CH.4RITI' REGisfR,ITIOTri NLMBER: 113195.5 Queens Road Baptist Church Unaudited Financial Statements 31 December 2020 Chartered accountants 3 LloN'd Road BROADSTAIRS Kent CTIO IHY Queens Road Baptist Church Financial Statements Year ended 31 December 2020 Page Trustees, annual report Independent examinerfs report to the irusiees Statement of Iinancial aciivilies Statement of financial position Noies io the financial statements io The folloiving page5 do not form part of the financial statements Detailed sialemeni of financial activities 21 NoiLS lo lh¥ dclailed statement of financial activilies 23 Queens Road Baptist Church Trustees, Annual Report Year ended 31 December 2020 The triislees preseni their rew)rt and rhe unaudiied financial statements of the ¢harity for the year ettded 3 1 Dectrnb¢r ?O?O. Relerenc¢ Ind *dmini5trative details Registered charitv nAme Queens Road Baptist Church Chgrity regi$lr#tioll NuThbtr 131955 Principal office 2 Queens Road Broadstairs Keiii crio INU UK The truste¢$ S Cave S Hearle G Cot*¢r l Hooper C Pick T Fisher P Verrall P Okun S Kcmp IA Ja¢kson Compmny 5¢cre¢Ary Poku plccountants Levi¢ks Chartered accouniants 3 Llovd Road BROADSTAIRS Keiit rio IHY Queens Road Baptist Church Trustees, Annual Report fcowiJKve• Yeur ended 31 December 2020 Strueiurt. governance and rnanagement Type of governing docum¢ni Constitution Flo￿ is the ¢hgritv ¢onstiiuitd'. Uiiincorporaied association Trustee selection m¢ihoits Tlie Cliur¢li ￿lL111b¢r5, ￿letting shall aprx)ini Charitv Trt￿let5 to be responsible for the governance of rlie C.huTcII and where Iliert Is a Illinisier thai persoii is a ChaTit)' Tw51ee beLause of iheir role and respojisibiliiies. Subject lo an) specific or iyeneral dire¢iions ofihe Church Klembers. %lkLlin¥ and Ihe pro>isions ofih¢ control managein¢ni and adjninisiraiion of lh¢ Chiirch shall be by the Chariik Trusiees. save thai th¢ Charity Trustees are not r¢quired lo di) ¢inJihing ihai would cause them to b¢ in brea¢h of ihis Consliiuiion or anj irustee diity pla¢ed uw)11 ihein as a resuli ol'ihi5 role. Queens Road Baptist Church Trustees, Annual Reportleonllnwt Year ended 31 December 2020 Objectives and a¢iiwitie$ Summar) of tht purposes of the Charitv Is sei oul in its governing document The prinLipal PLirws¢ of the Church is th¢ advancement ofthe Christian faith accordin¥ to the principles of the Baptisi d¢iiL)nlili&tion. The Church mav a150 advance educaiion an(1 ¢fjrry oul other charitable purposes iii the L'niled Kiiiudoni andior other parts of the world. Summar). ofthe main activitie5 in relation to those purposes In fullilliny tlie Purpose ilie CIIuTch iiill enbDage iii 2 raiig¢ of Aciivilies either on lis 01￿7 or ￿lth oihers iliat will varv froni lime to lime iviili aLiiViii¢S being iniiiai¢d. expanded. or closed. as appropriai¢. The ALliviiies may in¢liide bui are nol restricted io.. Regiilar Pkiblic worship. prJy¢r. Bible srudy. preaching and teachin8- * Bapiism, as defined in the Union'5 Declardlion of Principle: The C'ommilnion of the Lord's Supper whi¢h shall nornlally be observed al leasi on¢¢ a monih; Evan¥¢lism and mission. locally. regionally. nationally and iniernaiionally: * Tlie i¢a¢liing. encoiiragenieni. welcome and incluston ofyoun8 people- * NLlrtiire and grO%￿h of Christian di5¢tples: * Educatioii and iraining for Chrisiian and conimurbity Service: Givin8 4Lnd en¢oura8in8 Pas￿ra1 Care: * Siipportins artd encourdginu charilable social a¢iton in ihe United kingdom ind abroad.. * Enlovrabiing relaiionships iviili and supporting Bapiisls aiid oilier ChrLS1ians. Stulemtnt tonfirming whether the irusiees have had rezird to the guidxnre i$$ued by the ChHrity C.'ooimi55ioth on puhlir benefil. ThL IriislLes are alvare of this guidan¢e. Contrlbution made by voluNleer5 ApL?rt Irom 6 slatT the LhLirch reltes ioiall)" on wolunieers. Il'¢ have access to 300* voluiil¢ers many who gtve large amoiinis of lime 10 Ihe ¢hurrh activitie5. Other In lin¢ %4iih iurr¢nt Gotrem¥neTrl guidcliJie5 in relation to COVID19 ihe a¢iiviti¢s of ilie churcli have been curtailed and Inos11)' nioved on-line froni ￿larch •O?O. Queens Road Baptist Church Trustees, Annual Report Year ended 31 December 2020 Arhievtm¢n15 #nd performance SunJniar%' of the niain g¢hiti'emtnts of the rharit!. idenlifi'ing the difference iht ¢h#rity's work ha5 nillde to Ilie tiriumsithrt¢es of 115 b¢n¢ficiAries and anv w'ider benefiis to so¢ie¢)' as a w'hole. Provid¢5 iYor5hip ￿1nd ieachiiig for a church Mide eomnillthill, of 400 people aiid addiiioiial numbers wtho hav¢ engaiTed Nviih sireamLd set%t¢es. iea¢hing and dtsily devo¢i0Trs. I'his has provided a sense of iogeiheriiess wheii meering pliysically has been res¢ricied. * Throiigh zootn and other Social media QRBC has COniinu¢(I lo pro%'ide aciiviiies ond r¢lLv)ni Worship aiid ieachiiio for 40 children10-101 and 3) young ￿￿pIC (11-181 creating an environm¢ni ￿h¢Te ihey can explore rlie H4ive rnainlained links with Scknols ond provided on-lin¢ preqecorded material for Ass¢mblies: a¢c¢s5 10 hospit￿￿1 h4lS been CLinailed bui QRBC have linked w'iih the NHS chaplainc) ieain.. ¢iiher ihrough social medio or wh¢n wssible on-sii¢ support 10 care ho￿¢$. on-line well-beinu courses and supwrt. 'oILinl¢ers have continued io provide r￿epTion supp)rt and cover Phon￿411$ ¢tc. in an effort ¢0 keep the biiildiiibb OPLn as miich as possible. • Siipported and worked in pthrtner5hip iyith th¢ GJp project Ithich is based 011 511e and works 10 provide on- 0111¥1 5UPPOrt for people siruLgliiig wilh lo¢k41oivn: provision of [￿d suprx)n. coniinued MDrk iviili tlie liomeless. * l¥'{)rked iii partnership with Global Chall¢ng¢ providing financial aiid 5piriii￿l support ro panner ihurLh¢s iii Nortlierii Lbt&?iidd atid asso¢iJi¢d proj¢cis Iligeiher Iviili supportiri8 a S¢coiidary Sclii)ul for cliildreii wlio oihLniis¢ woiild hic ve no a¢ie%s lo eduralion as well as pracii¢al supwrt and educaiioii for cliildreii ond adulis wilh pliysiLal. eniotioiial arbd learning needs. Provid¢d pastoral siipport and SPiTiliial giiidJnce to IM)Ih ihe chU￿h att¢ndee$ and the wider conimuiiiiy through phone calls and video calls. As much as possible 10 provide opportunities for ihanksgivintydedicaiion of Children: baptism.. marriage, f(Ineral service5 50 th￿1¢ people can be 5upfM)rt¢d and mark Ihese critical lirnes in their live$. Th¢se hav¢ fallen in- liiie with Govertinietit ¥uidelines. Partnerin￿¥ i¥iih felloiv Baptist Churches in th¢ PUTSUII of and mission and ways of coping with resiriclions of i￿rShiP and mission. Achievemeiit5 a%ain5t objectiTr'es set Paniierin4 i¥iih fello%v Bapiisi Churthes in the pursuit of 8rowth and mtssion and ways of copino with restriLiions ofivorship and mission. The office manager h&s continued io ov¢rs¢e the maintenarhce and effeciiveness of the organisation. Healtli and Safet% and Ddia Pr()l¢¢tion ha*¢ b¢¢n brought inlo line wilh receiit legi$121ion. Risk asse5smeiits piit in plaLe lo provid¢ a CON'ID complianl environmeiii. * The yoiiih and Lhildren's worker ¢oniiniKd ¢hroiigh lock-down ￿ provide support for young peopll. families and child￿n QRBC kid5 on-line proqramme and crdtl acik&iiies alongside the deli￿ery of craft bags to fainili¢s Staying at hotne. Upgraded pasioral sUp￿￿rt kam and introduced neil. strategies 10 provide support during lock41oMn. On-line people a¢¢¢ssing Ihe progratnThe ha5 rcmained con515teni and nLLmbers h)ve ¢xrecded expectations. Queens Road Baptist Church Trustees, Annual Report Year ended 31 D￿ember 2020 * Reassessed financial commitment 10 ihe Iwo partner charilies durinbr Inilial lo¢k4own and had io cut-back bur duL 10 SUPPOrt leb'els b¢ing maintained during lock-down was able Io T¢-addre55. ¥ Granted a paytneiii holiday on building loan- it*iereM only pay￿￿￿15 made. Nlaiiiiaiiied high standards on site the existing facilities have been painted and the caretsker t1￿￿￿ed thai deep Cleaniiig I￿a5 carried out. * The family support worker emplo)¢d for 5 hoiirs a week work'ed alongside ihe Youth and Childr¢n's worker in providing support for families. inancii)I review Diiring ihe period, there was a decrease in a55eis o(the Charity of over £15,000. R¢serve.s Poli¢y Tli¢ CliiirLlI ainis 10 relain £17.000 io cover future ouigoings. Trust¢es' respon$ibililies si#ftment The triisieL5 are reswnSLble for preparing lh¢ Irusi¢¢s' report and Ihe finanlial siai¢menis iji accordaiiLV Wlth ppliLable law and Lniiid kingdom A¢couniin¥ St1￿ [￿ardS IL'nii¢d Kin¥dom G¢nerdllJ Accepled .4LLvunlin Th¢ laiv applicable to chariiies in England and W'ales requires the chariry irusiees io prepare fiiiancial slalemenls for laih ￿L'll r ivhi¢h ¥iv¢ a Irue and fair i'iew of Ilie stai¢ of affairs of the charity and of ihe incoming resoiirces and application of resources. of ihe charity for ihal period. In preparingTr ihese fjnaniial sthtemenis. Ihc Iru51ees are required 10: select suitable accounting policies and ih¢n apply them consislenil>': observe the methods and prin¢ipl¢s in the applieable CharÉli¢s SORP; make jtid¥menis and a¢¢ountin8 e51imates Ihai are reasonable and prudeiit.. prepare tlie financial 5tateinenis on Ih¢ going concern basis unless li is ingppropriAie to presume tliat the charii>' ivill eoniinue in business. Th¢ triislets are respot)sible for keeping adequat¢ a¢¢ounting re¢ords thai are suffi¢i¢nt lo show and explaiii tl?e charil}'s IraiisaLtioiis aiid diselose iviih reasonable acciirdcv ai an* tim¢ the finaiicial position of tlie cliaritv aiid enable iliein ¢0 ensure that the financial stalenieiiis compl% ii'iih Ihe Cliarilies Aci 2011. IliL applicable Chariiies IA¥Louiits and R¢portsl Regulaii011s. aiid ihe provisions of ihe Trust tked. TheN or¢ also respon5ibl¢ for 5afegiiardLIILt ihL assets of ihe Lhariiy and h¢n¢e for takin8 reasonabl¢ st¢ps for th¢ preventioii and detection of fraud and oth¢r irr¢giilaiiti¢s. Queens Road Baptist Church Trustees, Annual Report(cvHdmcdJ Year ended 31 December 2020 The In￿tee$. annual report was 4)proved on.. and sigKd ￿ behlf olthe board of tswtees by: P Okun Chjrity Secretsry Queens Road Baptist Church Independent Examiner's Report to the Trustees of Queens Road Baptist Church Year ended 31 December 2020 I report 10 the trustees trtv e¥amination of the financial statements of Queens Road Bapti￿ c.hurch I'the ¢harit&'l for the vear ended i l December ?O*D. Responsibiliiieg #nd ￿$1$ of report As the truste¢5 of the charkN you are responsible for the prcparJlkoJi of th¢ financial state￿entS iii accordanc¢ with the requiremenrs of th¢ Chariiies.4ci ?01 I I'ihe.4ct'l. I report in respccl of m>. e¥aminalion of the ¢hariiy's financial statements carried oui under se¢iion 145 of the ?011 .4ci and in carrying oiii my e.Kaminaiion I have followed all the 2ppli¢able Directions given b> tlie Chariiy Coinmission uiider se¢iioD 14515Mbi of the Acl. Independent examiner's 5tAtement Iii connection wilh my ¢xaminaiion. Th) matter has ¢ome to rn)" atteniion: I I I which gives me reasonable caiise io believe that in any maierial respeci the requir¢menis io prepare accounts hiLh accord with the accounltll8 r¢cord$ and Comply wilh th¢ accounting requiremejits ofihe 2011 Act hav¢ noi eeii niel. or ?) 10 which. in my opinion. attention should be drai￿ in order its enable a proper undersianding of the accounts be reached. Mark Hurdman BAlhonsl FCA Independent Examin¢r -1 Lluyd Road BROADSTAIRS k¢nt CTIO IHY Queens Road Baptist Church Statement of Finaneial Actii'itie5 Year ended 31 De¢ember 2020 P¢riod frt>tn l Au¥18to 31 Dec 19 l'ear to 31 Dec 211 Restricied fuiids LTnresirict fiinds Totxl fund5 Ttsial fuiids Incoine endowmenls Don&l1iOliS and le￿laLit5 210.44? 38.851 249293 40i.597 Totiil income ?10.44? 38.851 249293 40.3,597 xpenditiire E.xpeiidiiurL oil charitabl¢ a¢iivities TolAI expenditure 2?6.4 j9 37.601 264.060 394.931 ?16.4 j9 37.601 264,060 394.931 Tr4et leipendilureifincornt And net movement in fund5 116.0171 1.250 {14,7671 8.606 Reconciliation or funds Total fiinds brought fi)nvard Totol funds ¢llrri¢d forward 1.216.2?5 34.888 1251.113 1 ?4? 447 I ?00.?08 36.118 1236J46 The slalen)¢nt of financial a¢iiviiies Incli￿¢5 all gains and losses recosnised in th¢ year. All in¢ome and e.xpendiiure derive fmm COniirhuin8 aciivities. The notes p*oe% 10 10 19 foym p*rt of ihc5e finzncial 5tattrneDts. Queens Road Baptist Church StatemeDt of Financial Position 31 Dttember 2020 21no 2019 Fix¢d uyets Tangibl¢ r￿ed assets iJ90Jg0 1,431.932 Currefjl isyelj Debtor5 Cash ai bAnk and in hand 12 9,411 118.098 12,&19 97.831 127J09 110.682 Crediton: fallin# due wltblD OD¢ ye#r Nei eurrent *uets 13 41329 41,678 69,1))4 To￿1 is¥ts less C￿rrent Ilabllitl .476.870 1.3CiI,936 Crwjitors: amouots fallifji d￿t •ft¢r ¢h•D one yeAr 14 lJ8J24 152,623 Provblous P¢n5kons and similar obli8ait(ms Ne¢ •Jyets Is 101.7 97200 1330J40 Funds of the eb#rlry R¢slrictcd fvrtds Unresuiaed funds 36.138 I J(KI208 1236J40 34.888 1316225 1251,113 Tot81 eharlty funds 17 These financial sthi¢mcn(s were apwoved by th¢ iwd of trust¢es and authorised fty iw m .. d are s1￿cd on behalf of S Kcmp Trus*e Tht •a pw$ 10 to 19 forn plrt of fi*AatlAI Jt*tea*ot Queens Road Baptist Church Notes to the Financial Statements Year eniled 31 D￿'ember 2020 General inforrnation The cliarity ts a piibli¢ b¢n¢fii eo¢iiy )nd a registered ¢h#ri¢N in Enoland ajid M'ales aiid is unincorporaied. The address of the prinlipal office is ? Quttn5 Road. Broadsthirs, Kent. CTIO INL, Uk. SIAtemeni of tompliantt Th¢5¢ financial 51alemen15 ha%'t been prepared iTh compliance wilh FRS 10? 'Th¢ Finanrial Reportinci Standard applicable in the Uk and the RLpubli¢ of Ir¢land'. Ihe Sthi¢rnenl t>f Recoii)mended I'raclice applicable io charitiLS prepLiring ib¢ir a¢¢ollnis in )¢¢ordance Hith the Financial Reponing Siandard appliiabl¢ in ihe L'K and R¢publir of Ireland IFRS 10?) (Charities SORP IFRS 101 11 and ihe ChJriii¢S Aci 2011. A¢¢ouniing policies B*5is of Preparation The fiii4?IILial siaiem¢Jiis hav¢ be¢n prepared on ihe hisiori¢al cosi basis. as modified b%. the re%'aluatioii of Certain liiian¢ial ass¢is aiid liabililies and invesimeni properties measiired ai fair vali1¢ Ihroubh iiiionie (?r expenditure. The finii ncigl $1I?iements art prepared in $ierlin& which is Ihe functional Currency of the ¢nriiy. Goiiig concern There are no material uncertainties aboui Ihe chariws ability lo eontinu¢. Judgements key sour¢es olestim*tiots uJ)cert#iniv The preparaiioii of thc finaiiciul stateineiits require5 monagemeni 10 niake judgeineiiis. eslimaies aiid assLinipli0118 thai afyeii ilie aiiwuiiis reported. Tli¢s¢ esiimai¢s and judgements are coiilinuallv re>iei4'ed aiiJ are bci%ed oil ¢.xp¢ri¢nie and other fa¢ioYs. in¢luding eXpec￿lI0￿S of future evenis thai are beli¢ved 10 b¢ reasonabl¢ iind¢r Ihe circunislances. Fund i¢¢ounting UnrLslriclLd lunds are available for use at the discrelion of ihe iruslees to further any of thc charit) 5 purposes. D¢signated fiinds are iinre51ricted funds earmarked by th¢ In￿1¢¢$ for particular fiiturc project or commitment. R¢siriried funds subjected to restrictions on their cxpendÈiure declared by ¢h¢ donor or througli thc tern15 of an appeal. and fall into one of twx) subse and relLirned if iinspeni. in which ¢as¢ li MJV b¢ regrard¢d r¢siricied. Rt50ur¢es eipende(I ExpeiidiiLire is re¢ognised on an 8¢¢ruals basi$ Os 0 liabilir). is incurred. Expeiiditure iiKludes aiiy VAT wliiili i)111101 be fully reco¥¢r¢d. aiid is classified under headiJi8s of Ilie Slalemenl of finaiicial aclivilie5 10 which il relates.. ¢¥p¢niips of assets, For impairment testin4 of goodwill. th¢ goodwill a¢qvired in a business combiiiation is. frorn the a¢iiiisition dai¢, all￿ated ￿ each of lh¢ ¢ash.¥¢neratiiig uiii15 Ihal are expected to k'ncfil froiii IhL' sJiier¥ies of the combiTialion. irrespeclive of whether other asseis or liabiliiies of the ehariiy are assi¥i)¢d t(> those Linits. Provision5 Provisions are wognised wh¢n th¢ enli￿ has an obligation ai ihe reporting date as a result of a pa5¢ cveiit, it is probable that ih¢ eniit) N'ill be required to trart5fer eroiiomic benefits in settlement and Ilie anioiini of the oblio4ltion can be e51imated reliabl).. Provisi0Ths are recognised as a liability in the si)i¢m¢ni orfinancial posiiion nd the amoiint ofthe provision as an expense. Provisions are iniliall%' niea5ured al the best eslimal¢ of tlie arnount required to settle the obligarioii at Ili¢ reponing date and SLibsLquenil)' reviewed ai eaeh reportinb dale and adjust¢d ¢0 r¢llt¢i the ciirr¢ni best esiimai¢ of lh¢ amoiini ihai %voiild be r¢quir¢d io s¢til¢ the obligation. An) adju51inents to the arnoiinls previ01151v recoonised are r¢cogni5ed in income or expenditure unless the prokision was originall>. recognised as part ol-rhe cost oran assei. M"hen a Proiision is measured ai ihe pres¢iit Tralii¢ of the arnoiint expeLted io be reciiiired to settl¢ th¢ obligaiion. the UllWLnding of Ihe disrouiit Is recooiiised as a fiiiance C051 in the 51a¢ernenl of financial activitie5 Iri the period it arises. and is allocated io the appropriate expendiiiire lieading. 12 Queens Road Baptist Church Notes to the Finaneial Statement5 Year ended 31 December 2020 Accounting polirie5 Financial instruments A financial assei or a fjiiancial liability is recogni5ed only the charity becomes a party 10 (he ¢ontra¢iiial provisions of th¢ inslrumenr. Basil fjnancial insirum¢nis are inilially recognised at the amouni rxeivable or payable including any relaiLd Iransa¢iion ¢osis. Current aS5e15 and eurrenr liabilities ar¢ subsequenily measured at ilie cash or oilier ¢onsid¢ration expectcd to be paid or received and dis¢ounied. tkbi instrnment$ are subseguenily measured ai anM)rtised ￿$1. Ivhere inN'eslmenls in shares are publicl) iraded or Iheir fair value can otherwise be measured reliably. the invLsiinLnt is siibs¢(iu¢nil} ￿eaSUred ai fair tralue with chang¢s in fair value rer(Igni5ed in iiicome ond expLndiliir¢. All oih¢r SLich iii%'esimenls are subs¢qu¥iiilv m¢asured ai c05t1¢55 impairinetii. Orher fjnancial insirumenis, Includin￿ deriN&iives. are iniliall) r¢coknis¢d ai fair valu¢. unle55 paitnent for an ass¢1 is d¢f¢rred beytsnd nomial biisiness term5 or finan¢ed ai a mie of ini¢Ttst that Is not a niarkL71 rai¢, in whiih Lase the as5el is rneasLired al th¢ preseni value of the future payment5 dis¢ounled at a mark¢1 raie Of interest fi)r a similar debi ins¢rumeni. Oiher finc1ncial insirumenls are subsequentl). measured ai fair value. with any changes r¢Co￿ls*d in the statement of fJnancig& l a¥liViiieS. wilh Ihe ex¢epiion of hedsting inmriiinenis in a dLsibinai¢d h¢d&iinb relationship. FiiiaiiLial asse15 that are measured ai ¢osi or amortised cosi are re%iewed for obj¢¥iive evidei)¢e of impairiiieiii al Ilie end of each r¢portiJig date. Ir Iliere is objeclitre ¢￿Id¢ll¢¢ of impairniejit. an impairnieiil loss is reiogrnis¢d iiniler Ihe appropriale headinbD in th¢ stsi¢m¢ni or financial aLli￿llieS in wliiLh the iiiiiial 8ain ivas recognised. For all ¢quiiy insiriiit)¢nis regardless of significance. and other financial assets iliat are individually sigiiificani. these arc assessed iiidividually for impaimi¢ni. Oilier fIn￿l(la1 asseis are eiili¢r a$￿$s¢d indi*idunlly or bDr()up¢d on the basis ofsimilar credit risk chardctertstics. Any reversals of inipairmenl are reco8ni5ed imm¢diaiely. io ihe exteiit that the reversal does not result in a carryi11￿j amounl of Ilie finan¢ial assei thai ¢x¢eeds u.hai tlie ca￿1n8 amount would have b¢eii had tlie impairmLni noi previously beeth recognised. 13- Queens Road Baptist Church Note5 to the Financial St#tement5 Irtyj￿I￿e￿J Year ended 31 Decejnber 2020 Donations and legAeies Unrestricitd Funds ResiTjcled Tot*l Funds 2020 Donktions OffLI'inbyS I￿O'S Oftirings IEnv'C'ash.'Chqsl Gift aid 141X refiinds SLiiidry doiiaiioi Biiildiiig fui)d donation5 D¢wsit iiilere51 Use ofpreniises Project fuiids lission donaiiorhs 135.389 13SJ89 6.932 3).596 14.242 2ry.649 14.24? 22.649 10 32,416 1.960 109 3?.416 1,960 ?10.447 249,293 Uiire5tricied Funds Resiricied Total funds Fuiids ?019 Donniion OffL'rings IS,O'sl Oll¢ringps (En% Ca51b'Chqs} 118.667 43.504 42.117 26.509 14i.176 4.1.504 Sliiidrv doiiaiions Biiildiiig fuiid donations Deposit iiileresi Use of preiiiises 7.113 31.690 I l.()90 381 128.110 1,974 j.?78 -704 lission donations 334.703 68.894 403.597 14- Queens Road Baptist Church Notes to the Financial Statejnents Year ended 31 December 2020 Exp¢nditure charitable *ctivilie$ by fund type Unresirici¢d Funds Restricted Total Tr-unds Fuiids 2020 Q Nli55jOll lini51ry Buildings Church Life Youih Work 23,-566 94.910 94.910 2?.4iO ?2,430 1,913 ?•6.459 37,601 264.0611 U'nrestricted Fiinds R¢siri¢¢¢d Toial Funds Funds ?019 Q ￿lIS510n Miiiisiry J5.932 158.595 180.659 1 S,608 4,137 158 495 15* ?84 15.608 ?8.-173 ChLirili Life Youih Ivork 366.558 ?8.373 .194.931 Eipen(Illurt on eh#rli*ble ictlvilie5 bv activiti. li'pe Adivilies undertakeii dir¢¢ily Tot41 fund$ 2020 Toial fiind !019 Q Ilission .35.9.3? 158.595 180.659 15.008 4.1.17 94.910 94.910 Chur¥h Life Youih Work 2?.4iO .9?_1 22.4)0 1.923 ?64.060 264.060 194.9.l1 Yel lexpendilurevincome Nei le.KpeJidiiurehineome is sthied after ¢harginWlcrediiingl'. 2020 ?019 Deprecialioii of lan8ible fixed ￿se[S 6?.293 Independent eY*mination fees Period froin IAug18to 31 D¢¢ 19 )earto 31 Dt¢20 Fees payable to (he independent examiner for.. Ind¢pendent e.Yaminaiion ofihe financial siat¢m¢nts 900 900 Queens Road Baptist Church Notes to the Financial Statements l¢omiJwedJ Year ended 31 December 2020 Sialf tosts The total staff c0515 and employ¢¢ benefits for the reportiiig period are analysed as folloivs.. Period from l Aug 1810 31 De¢ 19 'earto 31 Dec20 Wages ajid salari¢s So¢ial s¢¢iiril)' ¢OSts Emplover cojiiribiitions lo pension plans 89.6?1 2 J90 116.538 8,94) 98,196 1 ?9,749 Th¢ average head count of emplo)¢es durit)g the year was 6 12019.. 41. The av¢ra¥e number of full-time eqiiival¢iii emplo)'ees durin8 the J¢or is anal)sed as follow5.. 2020 No. ?019 Niimber ofadn)inisiraiive 5ts No employee received employee benefiis of more ihan £60.01)O during ihe year{2019.. Nill. 10. Trustee remuii¢rth¢ion Ind expenses S Cave had r¢niiiii¢Tuli(In ol. £•7.000 aiid oiher benefits lotaliiig £8.516. S Flearle had reiiiiiiieralioii of £?4.047 aiid oilier benefiis ioialiii¥T £8.406. Boili Iru51ees ar¢ eniplo)ed as niiiii51er5 of Ilie cliiir¢li, I l. Tangible fiytd ￿ssets Land and Fixtures aiid buildinB5 Equipment Total Cos¢ Ai l Janiiary ?020 Additions 1,674.574 49.593 1?.069 4.264 1.7J6,236 4..$64 At 31 December 2020 1.674.574 49.891 16.333 1.740.8OU Depreciation ?81.887 -13.J91 16.591 9.686 5.826 304J04 har¥Je Ii)r Ilie J¢ar ,1131 DctrmlTrer 2020 315.378 26.277 8.555 3.$0,210 Cirryin% At JI Dcctmber 2020 1.359.196 23.616 7.778 I J90,.590 At.3 l D¢c¢mb¢r 2019 1,39? 687 33.00? 6.743 1.4.31.9.31 J6- Queens Road Baptist Church Notes to the Financial Statements Year ended 31 December 2020 12. Debtors 2020 2019 Trade debiors Pr¢paym¢nis and a¢(n￿d incom¢ Other debtors 4201 7.590 139 9.411 12.849 13. Creilltor5: amounts f#lling due *iihin ont vear 2020 019 A¢cru)Is and deferred income her creditors 4J78 J6,851 3,87? 37.806 41,229 41,678 14. Creditor5'. amounls fAllinR due ifter mort than one yegr 2020 ?019 her creditors 138,824 152.623 IS. ProviJions Ptn$ion$ ind oblig.Ilion$ Ai l Janiiary 2020 Additions 97.200 At 3 l De¢ember 2020 101,700 16. Pen%ions oiher p05t retirement benefits Deflned contribution plans The amoiini re¢o¥ni5¢d in income or e.xpenditur¢ as an expense in relaiion to d¢fined contribution plans 0$ £6.185 {1019.. £8.9451. 17 Queens Road Baptist Church Notes to the Financial Statements Year ended 31 December 2020 16. Pension5 and other post rttirem¢nt beTrefits The chariTh operat¢s o pension scheme providing benefits based on final peiisionable pay. The assets of ilie sclieiM¢ are held separately from ilK>se of die chariiy. being invesied with ihe Baptist Pe115ioiI Scli¢m¢. A formal valiioiioji of the Defined Benefti IDBI Plaii was perfornied ai 31 December 201.1 b! a profLssionall)' qualilied Actiiary using the ProjeLied unli ¥lethod. The niarkei value of ihe DB Plaii ai the valtiaiion date isa5 £16? niillion. Tli¢ valuaiion of the DB Plaii revealed a deficir of assers compared witli the value of liabiliiies ol- £84 niillion (equi￿.alent lo a past S¢twiLe fundinu level of 660/01. Tlie cl)urLli aiid the other emplo>ers supponin&T ihe DB Plan are colleciiv¢lv responsible for fundiiig il)is defjcit. The key assumptior15 underlying ihe valuo¢ion were as follows= Type of financial assumpiion RPI price innaiiott a55uniption CPI price inflaiion as5unipiioJi liniinum Pensionable Imome increase5 (CPI pliis l.OD/o pal Assiim¢d In￿eStme[bl return5 Pre-r¢liremenl Post relircmLnr D¢f¢rr¢d peiision increases Pre ,4pril ?OOfj Post .4pril ?009 Pension in¢reases Iclin Scheme pension Pre April 2¢X>6 Nlain Scheme pension Posi April 2006 5.10 3.9S 3.60 2.50 3.40 2.30 Posi-reiiren)cnl mortaltty iji ac¢ordan¢e uiih 75.th of the S I NFA and Sl NKI.4 tables. willi allowaiiLe for future iinprovemenis in n)onaliry' rates fTOtn ?OOi in Ill￿ with ihe CMI ?01 ? eore proje¢iions, willi a loii lerm annual raie of improvemenl of1.750o for males ond 1.5•o for females. Recovery Plgn In addiiion 10 Ihe ¢ontribulions to th¢ Plan ser oiit above. where a valuaiion of the DB Plan revealed a deficit Ihe Tr1151ee and the CcFltn¢il agr¢c lo a rale of defiii¢n¢J Contribiilions froin ¢hiir¢hes and other emplovers Invol￿ed in Ihe DB Plan. L,nder the current ReroTrery Plan dai¢d ? April 2015. dLfiLiency contribuiions ar¢ payable unlil 30 Jiine •025. These cotllribuiions are broadly based on the eniploverfs menib¢rship al 31 December ?014 and irb¢rease arÈThually in line wth increases to Minimum Pensioiiable Inconic as defjiied in ihe Rules. 18- Queens Road Baptist Church Notes to the Financial Statements rrortiJwe• Year ended 31 December 2020 17. Analy515 of charitable funds Unrtstritied funds At l January 2070 31 December 2 020 Income Expenditure Llnre51rict¢d G¢ner31 Unrestricted Development 210.442 12?6.4591 340.679 8.$9.529 859.5?9 •16 ?)5 710.44? {2?6.4591 1.200.208 At 31 December ? 019 Ai l Augusi 2018 Income Expendiiure Unresiri¢t¢d General UnreslTlCted Development 388.551 859.529 334.703 {366,5581 356.690 859,5?9 1 ?48.080 334,703 1366.5581 ?16,??5 Restricted funds At 31 Dtetmbcr 2 020 At l January ?O•O Income Exp¢ndirure Resiri¢i¢d Developmeni 34.888 38.851 137.6011 36,138 Ai 31 Decenibcr 019 l Augusi 2018 Income Expeiidilure Rtstricted Development 15.6iJi 68.894 178..1731 34.888 18. An*lysis of net #ssets between funds Unrestrieied Funds R¢siriLi¢d Total Fun(15 Fuiids 2020 Ciirrent assds 1 ?00.708 36,138 ,236,346 Unreslrieted F￿ndS Reslrieled Total Funds Funds ?019 Current assets ?16 ??5 34.888 19. Related partie5 There was no other related party trdnsaciion oiher than ￿¢¢ 10, T￿st¢£ remiineratiotl and expenses. 19 Queens Road Baptist Church ManAgement Informatio Yeur ended 31 December 2020 The followin¥ pAg¢s do noi forrn part of¢ht financial slAlements. -20- Queens Road Baptist Church DetAiled Statement of Financial Actii'ities Ye￿r ended 31 December 2020 P¢Tiod from 31 Dec 20 31 Dec 19 Income and endowm¢nis Doniilions leg*cies OfteriiiiTrS I S O'sl Offeriii¥rS l EnvlC.ash,'Cliq51 Gift ai(f lax refunds Sundry donations Biiilding fund di>naiions DLposii ini¢r¢st Us¢ (Ifpremise5 Prtsject liiiids Mission dojiaiioiis 135J89 6,932 145.176 14.242 22.649 109 J2.416 1,960 -31.690 381 5,20? -304 249293 40.3.597 Totul income 249.293 40".).51)7 21 Queens Road Baptist Church Detsiled Statement of Financial Actii'ities fc•Klrmr¢4) Year ended 31 December 2020 Period from I Alig 18 to 31 tkl" 19 l'ear to 31 Dec20 Eipen(lilure Expendiiurt on ¢haTltable Actii'ttkes 2.828 89.621 2J90 6,185 6,144 6.543 5.231 116.538 lages and salaries F.mploJer's NIC Pension costs Rent Raies and water Light &nd heal Repairs aiid maiiiienance 8.945 10.330 20,607 3,861 84 9.709 l.OJ7 19.Oi8 5.-1.$7 49 14,041 1.457 Moiur vehiLle e¥peiises Legpal aiid professional fees Telephone Orhlr offi¢e ¢osi$ Deprelialion Other inlLrest PlL )'11 bl¢ and similar charg¢s Finoti¢¢ ¢osis- defiiied beiiefil pension s¢heme Aciiiai'ial ¥aiti&'ilossesl oil d¢l'd ben. scheme D¢lail¢dSOFAE.xpendiiiireOiiCharitable.4¢iiviiiesType3H Chiirch Ltfe- worship Q ￿lI$s1On Gap Project Q ￿lIs510n- Spurgeojis College Q Nlission- Oih¢r Q fvlis%ion 94 Glob?& I ch￿l11¢n8¢ Q Klis%ion- piist fvlissii)n Q Nlis.%ion - Funds Q ￿li$S1On . Beihany Children's Tn￿¢ 6?.293 8,259 7,103 33.720 4.01)0 3.950 934 7.500 3.981 6,733 .8.732 6.000 11.900 2.000 ?.875 2,060 264,060 -794.931 Total expendilurt 264.060 394.9.l1 Net {expen(litureyitb¢ome (14,7671 8.606 -22- Queens Road Baptist Church Notes to the Detailed Statement of Financial Actii'ities Year ended 31 December 2020 Period from IAug 18to 31 tkL- 19 l'ear to 31 Dee20 Expenditure on tharitable activities Q.Ilissio A¢iik'iiie& #nderluken direcilv Q ￿[1%510￿ Gap Project Q ￿lis51017- Spurgeons College Q fvlission- Oiher Q fvlission- 94 Global Ch4111enge Q fvlission- Bapii5t Klission Q IIi55ion- Fiinds Q Ilissioii- Bk¢hanJ Children'5 Trust 7.500 1.48? 2.175 6.OUO 13,900 2.000 3,981 6,7J3 5.732 iJoo 2,060 23.-$66 35,932 linistry AL'lii'itle.f iiii£lerfoA'eii diredlv 300 linisiry- Wage&'saI￿1rleS Ministry- employer's NIC liiiislry . p¢nsii)n Losts 83..10S 2J90 .94.% 8.416 6.541 49 6,144 fvliiiisiry rules & Ivaier fvlinisiry- moior vehicle expen5¢5 linistry- fiiiaJiL¢ costs d¢fd ben. scheThe lini51r%' ailiiarial 8ain&'ilossesl on defd b¢n. scheme 84 7,103 .3J.720 94,910 158.59) Buil(lings AL'lii'jij¢.4 iiii¢lt*fiiiA-eii dlredl ?7? 33,2.3.3 3,789 Buildiii&?5 I￿a￿yes. Salaries Buildiiigs raiL's & %iaier 26.0.$8 1.908 14,67.4 Biiildings- rep￿lir5 &. mainlena￿t BLiildings- insuran¢¢ Biiildin¥s- leEJl and Professional f¢¢s 18.648 5,357 9.197 17,900 3.861 4.866 2.401 44,060 Biiildings- dcpreciaiion Carried forward 13,730 172.400 Queens Road Baptist Church Notes to the Detailed Statement of Financial Aetii'itie5 (roRlrA¥edl Y¢ar ended 31 December 2020 Period from l Aug18to 31 Dec 19 I'e#r to 31 Dec20 BToiighi forward 17?400 Dir¢Lt Chariiabll acti￿.￿l>- 7- other type 4.000 121.2Jl 180.659 Church Life /l¢llk'liie.i iiiiilerliiA-eii dire£'ilk' repair5 &. niaiiiienance Chiirch Life- licences and siibs¢ripiions ChLirch Lif¢- iel¢phon¢ Chiirch Lif¢- oih¢r office costs ChiirLh Life- depreciation ChLirch Life- W'orship 410 4,844 1,457 4043 1,037 1.846 934 22,430 15,608 Youth lfv'ork l'outh. Faniilj & Cl)ildrLIi 1.923 4.137 Expeniliiure on ¢h#ritable ictivities 264,060 394.931 -24- CH.4RITI' REGisfR,ITIOTri NLMBER: 113195.5 Queens Road Baptist Church Unaudited Financial Statements 31 December 2020 Chartered accountants 3 LloN'd Road BROADSTAIRS Kent CTIO IHY Queens Road Baptist Church Financial Statements Year ended 31 December 2020 Page Trustees, annual report Independent examinerfs report to the irusiees Statement of Iinancial aciivilies Statement of financial position Noies io the financial statements io The folloiving page5 do not form part of the financial statements Detailed sialemeni of financial activities 21 NoiLS lo lh¥ dclailed statement of financial activilies 23 Queens Road Baptist Church Trustees, Annual Report Year ended 31 December 2020 The triislees preseni their rew)rt and rhe unaudiied financial statements of the ¢harity for the year ettded 3 1 Dectrnb¢r ?O?O. Relerenc¢ Ind *dmini5trative details Registered charitv nAme Queens Road Baptist Church Chgrity regi$lr#tioll NuThbtr 131955 Principal office 2 Queens Road Broadstairs Keiii crio INU UK The truste¢$ S Cave S Hearle G Cot*¢r l Hooper C Pick T Fisher P Verrall P Okun S Kcmp IA Ja¢kson Compmny 5¢cre¢Ary Poku plccountants Levi¢ks Chartered accouniants 3 Llovd Road BROADSTAIRS Keiit rio IHY Queens Road Baptist Church Trustees, Annual Report fcowiJKve• Yeur ended 31 December 2020 Strueiurt. governance and rnanagement Type of governing docum¢ni Constitution Flo￿ is the ¢hgritv ¢onstiiuitd'. Uiiincorporaied association Trustee selection m¢ihoits Tlie Cliur¢li ￿lL111b¢r5, ￿letting shall aprx)ini Charitv Trt￿let5 to be responsible for the governance of rlie C.huTcII and where Iliert Is a Illinisier thai persoii is a ChaTit)' Tw51ee beLause of iheir role and respojisibiliiies. Subject lo an) specific or iyeneral dire¢iions ofihe Church Klembers. %lkLlin¥ and Ihe pro>isions ofih¢ control managein¢ni and adjninisiraiion of lh¢ Chiirch shall be by the Chariik Trusiees. save thai th¢ Charity Trustees are not r¢quired lo di) ¢inJihing ihai would cause them to b¢ in brea¢h of ihis Consliiuiion or anj irustee diity pla¢ed uw)11 ihein as a resuli ol'ihi5 role. Queens Road Baptist Church Trustees, Annual Reportleonllnwt Year ended 31 December 2020 Objectives and a¢iiwitie$ Summar) of tht purposes of the Charitv Is sei oul in its governing document The prinLipal PLirws¢ of the Church is th¢ advancement ofthe Christian faith accordin¥ to the principles of the Baptisi d¢iiL)nlili&tion. The Church mav a150 advance educaiion an(1 ¢fjrry oul other charitable purposes iii the L'niled Kiiiudoni andior other parts of the world. Summar). ofthe main activitie5 in relation to those purposes In fullilliny tlie Purpose ilie CIIuTch iiill enbDage iii 2 raiig¢ of Aciivilies either on lis 01￿7 or ￿lth oihers iliat will varv froni lime to lime iviili aLiiViii¢S being iniiiai¢d. expanded. or closed. as appropriai¢. The ALliviiies may in¢liide bui are nol restricted io.. Regiilar Pkiblic worship. prJy¢r. Bible srudy. preaching and teachin8- * Bapiism, as defined in the Union'5 Declardlion of Principle: The C'ommilnion of the Lord's Supper whi¢h shall nornlally be observed al leasi on¢¢ a monih; Evan¥¢lism and mission. locally. regionally. nationally and iniernaiionally: * Tlie i¢a¢liing. encoiiragenieni. welcome and incluston ofyoun8 people- * NLlrtiire and grO%￿h of Christian di5¢tples: * Educatioii and iraining for Chrisiian and conimurbity Service: Givin8 4Lnd en¢oura8in8 Pas￿ra1 Care: * Siipportins artd encourdginu charilable social a¢iton in ihe United kingdom ind abroad.. * Enlovrabiing relaiionships iviili and supporting Bapiisls aiid oilier ChrLS1ians. Stulemtnt tonfirming whether the irusiees have had rezird to the guidxnre i$$ued by the ChHrity C.'ooimi55ioth on puhlir benefil. ThL IriislLes are alvare of this guidan¢e. Contrlbution made by voluNleer5 ApL?rt Irom 6 slatT the LhLirch reltes ioiall)" on wolunieers. Il'¢ have access to 300* voluiil¢ers many who gtve large amoiinis of lime 10 Ihe ¢hurrh activitie5. Other In lin¢ %4iih iurr¢nt Gotrem¥neTrl guidcliJie5 in relation to COVID19 ihe a¢iiviti¢s of ilie churcli have been curtailed and Inos11)' nioved on-line froni ￿larch •O?O. Queens Road Baptist Church Trustees, Annual Report Year ended 31 December 2020 Arhievtm¢n15 #nd performance SunJniar%' of the niain g¢hiti'emtnts of the rharit!. idenlifi'ing the difference iht ¢h#rity's work ha5 nillde to Ilie tiriumsithrt¢es of 115 b¢n¢ficiAries and anv w'ider benefiis to so¢ie¢)' as a w'hole. Provid¢5 iYor5hip ￿1nd ieachiiig for a church Mide eomnillthill, of 400 people aiid addiiioiial numbers wtho hav¢ engaiTed Nviih sireamLd set%t¢es. iea¢hing and dtsily devo¢i0Trs. I'his has provided a sense of iogeiheriiess wheii meering pliysically has been res¢ricied. * Throiigh zootn and other Social media QRBC has COniinu¢(I lo pro%'ide aciiviiies ond r¢lLv)ni Worship aiid ieachiiio for 40 children10-101 and 3) young ￿￿pIC (11-181 creating an environm¢ni ￿h¢Te ihey can explore rlie H4ive rnainlained links with Scknols ond provided on-lin¢ preqecorded material for Ass¢mblies: a¢c¢s5 10 hospit￿￿1 h4lS been CLinailed bui QRBC have linked w'iih the NHS chaplainc) ieain.. ¢iiher ihrough social medio or wh¢n wssible on-sii¢ support 10 care ho￿¢$. on-line well-beinu courses and supwrt. 'oILinl¢ers have continued io provide r￿epTion supp)rt and cover Phon￿411$ ¢tc. in an effort ¢0 keep the biiildiiibb OPLn as miich as possible. • Siipported and worked in pthrtner5hip iyith th¢ GJp project Ithich is based 011 511e and works 10 provide on- 0111¥1 5UPPOrt for people siruLgliiig wilh lo¢k41oivn: provision of [￿d suprx)n. coniinued MDrk iviili tlie liomeless. * l¥'{)rked iii partnership with Global Chall¢ng¢ providing financial aiid 5piriii￿l support ro panner ihurLh¢s iii Nortlierii Lbt&?iidd atid asso¢iJi¢d proj¢cis Iligeiher Iviili supportiri8 a S¢coiidary Sclii)ul for cliildreii wlio oihLniis¢ woiild hic ve no a¢ie%s lo eduralion as well as pracii¢al supwrt and educaiioii for cliildreii ond adulis wilh pliysiLal. eniotioiial arbd learning needs. Provid¢d pastoral siipport and SPiTiliial giiidJnce to IM)Ih ihe chU￿h att¢ndee$ and the wider conimuiiiiy through phone calls and video calls. As much as possible 10 provide opportunities for ihanksgivintydedicaiion of Children: baptism.. marriage, f(Ineral service5 50 th￿1¢ people can be 5upfM)rt¢d and mark Ihese critical lirnes in their live$. Th¢se hav¢ fallen in- liiie with Govertinietit ¥uidelines. Partnerin￿¥ i¥iih felloiv Baptist Churches in th¢ PUTSUII of and mission and ways of coping with resiriclions of i￿rShiP and mission. Achievemeiit5 a%ain5t objectiTr'es set Paniierin4 i¥iih fello%v Bapiisi Churthes in the pursuit of 8rowth and mtssion and ways of copino with restriLiions ofivorship and mission. The office manager h&s continued io ov¢rs¢e the maintenarhce and effeciiveness of the organisation. Healtli and Safet% and Ddia Pr()l¢¢tion ha*¢ b¢¢n brought inlo line wilh receiit legi$121ion. Risk asse5smeiits piit in plaLe lo provid¢ a CON'ID complianl environmeiii. * The yoiiih and Lhildren's worker ¢oniiniKd ¢hroiigh lock-down ￿ provide support for young peopll. families and child￿n QRBC kid5 on-line proqramme and crdtl acik&iiies alongside the deli￿ery of craft bags to fainili¢s Staying at hotne. Upgraded pasioral sUp￿￿rt kam and introduced neil. strategies 10 provide support during lock41oMn. On-line people a¢¢¢ssing Ihe progratnThe ha5 rcmained con515teni and nLLmbers h)ve ¢xrecded expectations. Queens Road Baptist Church Trustees, Annual Report Year ended 31 D￿ember 2020 * Reassessed financial commitment 10 ihe Iwo partner charilies durinbr Inilial lo¢k4own and had io cut-back bur duL 10 SUPPOrt leb'els b¢ing maintained during lock-down was able Io T¢-addre55. ¥ Granted a paytneiii holiday on building loan- it*iereM only pay￿￿￿15 made. Nlaiiiiaiiied high standards on site the existing facilities have been painted and the caretsker t1￿￿￿ed thai deep Cleaniiig I￿a5 carried out. * The family support worker emplo)¢d for 5 hoiirs a week work'ed alongside ihe Youth and Childr¢n's worker in providing support for families. inancii)I review Diiring ihe period, there was a decrease in a55eis o(the Charity of over £15,000. R¢serve.s Poli¢y Tli¢ CliiirLlI ainis 10 relain £17.000 io cover future ouigoings. Trust¢es' respon$ibililies si#ftment The triisieL5 are reswnSLble for preparing lh¢ Irusi¢¢s' report and Ihe finanlial siai¢menis iji accordaiiLV Wlth ppliLable law and Lniiid kingdom A¢couniin¥ St1￿ [￿ardS IL'nii¢d Kin¥dom G¢nerdllJ Accepled .4LLvunlin Th¢ laiv applicable to chariiies in England and W'ales requires the chariry irusiees io prepare fiiiancial slalemenls for laih ￿L'll r ivhi¢h ¥iv¢ a Irue and fair i'iew of Ilie stai¢ of affairs of the charity and of ihe incoming resoiirces and application of resources. of ihe charity for ihal period. In preparingTr ihese fjnaniial sthtemenis. Ihc Iru51ees are required 10: select suitable accounting policies and ih¢n apply them consislenil>': observe the methods and prin¢ipl¢s in the applieable CharÉli¢s SORP; make jtid¥menis and a¢¢ountin8 e51imates Ihai are reasonable and prudeiit.. prepare tlie financial 5tateinenis on Ih¢ going concern basis unless li is ingppropriAie to presume tliat the charii>' ivill eoniinue in business. Th¢ triislets are respot)sible for keeping adequat¢ a¢¢ounting re¢ords thai are suffi¢i¢nt lo show and explaiii tl?e charil}'s IraiisaLtioiis aiid diselose iviih reasonable acciirdcv ai an* tim¢ the finaiicial position of tlie cliaritv aiid enable iliein ¢0 ensure that the financial stalenieiiis compl% ii'iih Ihe Cliarilies Aci 2011. IliL applicable Chariiies IA¥Louiits and R¢portsl Regulaii011s. aiid ihe provisions of ihe Trust tked. TheN or¢ also respon5ibl¢ for 5afegiiardLIILt ihL assets of ihe Lhariiy and h¢n¢e for takin8 reasonabl¢ st¢ps for th¢ preventioii and detection of fraud and oth¢r irr¢giilaiiti¢s. Queens Road Baptist Church Trustees, Annual Report(cvHdmcdJ Year ended 31 December 2020 The In￿tee$. annual report was 4)proved on.. and sigKd ￿ behlf olthe board of tswtees by: P Okun Chjrity Secretsry Queens Road Baptist Church Independent Examiner's Report to the Trustees of Queens Road Baptist Church Year ended 31 December 2020 I report 10 the trustees trtv e¥amination of the financial statements of Queens Road Bapti￿ c.hurch I'the ¢harit&'l for the vear ended i l December ?O*D. Responsibiliiieg #nd ￿$1$ of report As the truste¢5 of the charkN you are responsible for the prcparJlkoJi of th¢ financial state￿entS iii accordanc¢ with the requiremenrs of th¢ Chariiies.4ci ?01 I I'ihe.4ct'l. I report in respccl of m>. e¥aminalion of the ¢hariiy's financial statements carried oui under se¢iion 145 of the ?011 .4ci and in carrying oiii my e.Kaminaiion I have followed all the 2ppli¢able Directions given b> tlie Chariiy Coinmission uiider se¢iioD 14515Mbi of the Acl. Independent examiner's 5tAtement Iii connection wilh my ¢xaminaiion. Th) matter has ¢ome to rn)" atteniion: I I I which gives me reasonable caiise io believe that in any maierial respeci the requir¢menis io prepare accounts hiLh accord with the accounltll8 r¢cord$ and Comply wilh th¢ accounting requiremejits ofihe 2011 Act hav¢ noi eeii niel. or ?) 10 which. in my opinion. attention should be drai￿ in order its enable a proper undersianding of the accounts be reached. Mark Hurdman BAlhonsl FCA Independent Examin¢r -1 Lluyd Road BROADSTAIRS k¢nt CTIO IHY Queens Road Baptist Church Statement of Finaneial Actii'itie5 Year ended 31 De¢ember 2020 P¢riod frt>tn l Au¥18to 31 Dec 19 l'ear to 31 Dec 211 Restricied fuiids LTnresirict fiinds Totxl fund5 Ttsial fuiids Incoine endowmenls Don&l1iOliS and le￿laLit5 210.44? 38.851 249293 40i.597 Totiil income ?10.44? 38.851 249293 40.3,597 xpenditiire E.xpeiidiiurL oil charitabl¢ a¢iivities TolAI expenditure 2?6.4 j9 37.601 264.060 394.931 ?16.4 j9 37.601 264,060 394.931 Tr4et leipendilureifincornt And net movement in fund5 116.0171 1.250 {14,7671 8.606 Reconciliation or funds Total fiinds brought fi)nvard Totol funds ¢llrri¢d forward 1.216.2?5 34.888 1251.113 1 ?4? 447 I ?00.?08 36.118 1236J46 The slalen)¢nt of financial a¢iiviiies Incli￿¢5 all gains and losses recosnised in th¢ year. All in¢ome and e.xpendiiure derive fmm COniirhuin8 aciivities. The notes p*oe% 10 10 19 foym p*rt of ihc5e finzncial 5tattrneDts. Queens Road Baptist Church StatemeDt of Financial Position 31 Dttember 2020 21no 2019 Fix¢d uyets Tangibl¢ r￿ed assets iJ90Jg0 1,431.932 Currefjl isyelj Debtor5 Cash ai bAnk and in hand 12 9,411 118.098 12,&19 97.831 127J09 110.682 Crediton: fallin# due wltblD OD¢ ye#r Nei eurrent *uets 13 41329 41,678 69,1))4 To￿1 is¥ts less C￿rrent Ilabllitl .476.870 1.3CiI,936 Crwjitors: amouots fallifji d￿t •ft¢r ¢h•D one yeAr 14 lJ8J24 152,623 Provblous P¢n5kons and similar obli8ait(ms Ne¢ •Jyets Is 101.7 97200 1330J40 Funds of the eb#rlry R¢slrictcd fvrtds Unresuiaed funds 36.138 I J(KI208 1236J40 34.888 1316225 1251,113 Tot81 eharlty funds 17 These financial sthi¢mcn(s were apwoved by th¢ iwd of trust¢es and authorised fty iw m .. d are s1￿cd on behalf of S Kcmp Trus*e Tht •a pw$ 10 to 19 forn plrt of fi*AatlAI Jt*tea*ot Queens Road Baptist Church Notes to the Financial Statements Year eniled 31 D￿'ember 2020 General inforrnation The cliarity ts a piibli¢ b¢n¢fii eo¢iiy )nd a registered ¢h#ri¢N in Enoland ajid M'ales aiid is unincorporaied. The address of the prinlipal office is ? Quttn5 Road. Broadsthirs, Kent. CTIO INL, Uk. SIAtemeni of tompliantt Th¢5¢ financial 51alemen15 ha%'t been prepared iTh compliance wilh FRS 10? 'Th¢ Finanrial Reportinci Standard applicable in the Uk and the RLpubli¢ of Ir¢land'. Ihe Sthi¢rnenl t>f Recoii)mended I'raclice applicable io charitiLS prepLiring ib¢ir a¢¢ollnis in )¢¢ordance Hith the Financial Reponing Siandard appliiabl¢ in ihe L'K and R¢publir of Ireland IFRS 10?) (Charities SORP IFRS 101 11 and ihe ChJriii¢S Aci 2011. A¢¢ouniing policies B*5is of Preparation The fiii4?IILial siaiem¢Jiis hav¢ be¢n prepared on ihe hisiori¢al cosi basis. as modified b%. the re%'aluatioii of Certain liiian¢ial ass¢is aiid liabililies and invesimeni properties measiired ai fair vali1¢ Ihroubh iiiionie (?r expenditure. The finii ncigl $1I?iements art prepared in $ierlin& which is Ihe functional Currency of the ¢nriiy. Goiiig concern There are no material uncertainties aboui Ihe chariws ability lo eontinu¢. Judgements key sour¢es olestim*tiots uJ)cert#iniv The preparaiioii of thc finaiiciul stateineiits require5 monagemeni 10 niake judgeineiiis. eslimaies aiid assLinipli0118 thai afyeii ilie aiiwuiiis reported. Tli¢s¢ esiimai¢s and judgements are coiilinuallv re>iei4'ed aiiJ are bci%ed oil ¢.xp¢ri¢nie and other fa¢ioYs. in¢luding eXpec￿lI0￿S of future evenis thai are beli¢ved 10 b¢ reasonabl¢ iind¢r Ihe circunislances. Fund i¢¢ounting UnrLslriclLd lunds are available for use at the discrelion of ihe iruslees to further any of thc charit) 5 purposes. D¢signated fiinds are iinre51ricted funds earmarked by th¢ In￿1¢¢$ for particular fiiturc project or commitment. R¢siriried funds subjected to restrictions on their cxpendÈiure declared by ¢h¢ donor or througli thc tern15 of an appeal. and fall into one of twx) subse and relLirned if iinspeni. in which ¢as¢ li MJV b¢ regrard¢d r¢siricied. Rt50ur¢es eipende(I ExpeiidiiLire is re¢ognised on an 8¢¢ruals basi$ Os 0 liabilir). is incurred. Expeiiditure iiKludes aiiy VAT wliiili i)111101 be fully reco¥¢r¢d. aiid is classified under headiJi8s of Ilie Slalemenl of finaiicial aclivilie5 10 which il relates.. ¢¥p¢niips of assets, For impairment testin4 of goodwill. th¢ goodwill a¢qvired in a business combiiiation is. frorn the a¢iiiisition dai¢, all￿ated ￿ each of lh¢ ¢ash.¥¢neratiiig uiii15 Ihal are expected to k'ncfil froiii IhL' sJiier¥ies of the combiTialion. irrespeclive of whether other asseis or liabiliiies of the ehariiy are assi¥i)¢d t(> those Linits. Provision5 Provisions are wognised wh¢n th¢ enli￿ has an obligation ai ihe reporting date as a result of a pa5¢ cveiit, it is probable that ih¢ eniit) N'ill be required to trart5fer eroiiomic benefits in settlement and Ilie anioiini of the oblio4ltion can be e51imated reliabl).. Provisi0Ths are recognised as a liability in the si)i¢m¢ni orfinancial posiiion nd the amoiint ofthe provision as an expense. Provisions are iniliall%' niea5ured al the best eslimal¢ of tlie arnount required to settle the obligarioii at Ili¢ reponing date and SLibsLquenil)' reviewed ai eaeh reportinb dale and adjust¢d ¢0 r¢llt¢i the ciirr¢ni best esiimai¢ of lh¢ amoiini ihai %voiild be r¢quir¢d io s¢til¢ the obligation. An) adju51inents to the arnoiinls previ01151v recoonised are r¢cogni5ed in income or expenditure unless the prokision was originall>. recognised as part ol-rhe cost oran assei. M"hen a Proiision is measured ai ihe pres¢iit Tralii¢ of the arnoiint expeLted io be reciiiired to settl¢ th¢ obligaiion. the UllWLnding of Ihe disrouiit Is recooiiised as a fiiiance C051 in the 51a¢ernenl of financial activitie5 Iri the period it arises. and is allocated io the appropriate expendiiiire lieading. 12 Queens Road Baptist Church Notes to the Finaneial Statement5 Year ended 31 December 2020 Accounting polirie5 Financial instruments A financial assei or a fjiiancial liability is recogni5ed only the charity becomes a party 10 (he ¢ontra¢iiial provisions of th¢ inslrumenr. Basil fjnancial insirum¢nis are inilially recognised at the amouni rxeivable or payable including any relaiLd Iransa¢iion ¢osis. Current aS5e15 and eurrenr liabilities ar¢ subsequenily measured at ilie cash or oilier ¢onsid¢ration expectcd to be paid or received and dis¢ounied. tkbi instrnment$ are subseguenily measured ai anM)rtised ￿$1. Ivhere inN'eslmenls in shares are publicl) iraded or Iheir fair value can otherwise be measured reliably. the invLsiinLnt is siibs¢(iu¢nil} ￿eaSUred ai fair tralue with chang¢s in fair value rer(Igni5ed in iiicome ond expLndiliir¢. All oih¢r SLich iii%'esimenls are subs¢qu¥iiilv m¢asured ai c05t1¢55 impairinetii. Orher fjnancial insirumenis, Includin￿ deriN&iives. are iniliall) r¢coknis¢d ai fair valu¢. unle55 paitnent for an ass¢1 is d¢f¢rred beytsnd nomial biisiness term5 or finan¢ed ai a mie of ini¢Ttst that Is not a niarkL71 rai¢, in whiih Lase the as5el is rneasLired al th¢ preseni value of the future payment5 dis¢ounled at a mark¢1 raie Of interest fi)r a similar debi ins¢rumeni. Oiher finc1ncial insirumenls are subsequentl). measured ai fair value. with any changes r¢Co￿ls*d in the statement of fJnancig& l a¥liViiieS. wilh Ihe ex¢epiion of hedsting inmriiinenis in a dLsibinai¢d h¢d&iinb relationship. FiiiaiiLial asse15 that are measured ai ¢osi or amortised cosi are re%iewed for obj¢¥iive evidei)¢e of impairiiieiii al Ilie end of each r¢portiJig date. Ir Iliere is objeclitre ¢￿Id¢ll¢¢ of impairniejit. an impairnieiil loss is reiogrnis¢d iiniler Ihe appropriale headinbD in th¢ stsi¢m¢ni or financial aLli￿llieS in wliiLh the iiiiiial 8ain ivas recognised. For all ¢quiiy insiriiit)¢nis regardless of significance. and other financial assets iliat are individually sigiiificani. these arc assessed iiidividually for impaimi¢ni. Oilier fIn￿l(la1 asseis are eiili¢r a$￿$s¢d indi*idunlly or bDr()up¢d on the basis ofsimilar credit risk chardctertstics. Any reversals of inipairmenl are reco8ni5ed imm¢diaiely. io ihe exteiit that the reversal does not result in a carryi11￿j amounl of Ilie finan¢ial assei thai ¢x¢eeds u.hai tlie ca￿1n8 amount would have b¢eii had tlie impairmLni noi previously beeth recognised. 13- Queens Road Baptist Church Note5 to the Financial St#tement5 Irtyj￿I￿e￿J Year ended 31 Decejnber 2020 Donations and legAeies Unrestricitd Funds ResiTjcled Tot*l Funds 2020 Donktions OffLI'inbyS I￿O'S Oftirings IEnv'C'ash.'Chqsl Gift aid 141X refiinds SLiiidry doiiaiioi Biiildiiig fui)d donation5 D¢wsit iiilere51 Use ofpreniises Project fuiids lission donaiiorhs 135.389 13SJ89 6.932 3).596 14.242 2ry.649 14.24? 22.649 10 32,416 1.960 109 3?.416 1,960 ?10.447 249,293 Uiire5tricied Funds Resiricied Total funds Fuiids ?019 Donniion OffL'rings IS,O'sl Oll¢ringps (En% Ca51b'Chqs} 118.667 43.504 42.117 26.509 14i.176 4.1.504 Sliiidrv doiiaiions Biiildiiig fuiid donations Deposit iiileresi Use of preiiiises 7.113 31.690 I l.()90 381 128.110 1,974 j.?78 -704 lission donations 334.703 68.894 403.597 14- Queens Road Baptist Church Notes to the Financial Statejnents Year ended 31 December 2020 Exp¢nditure charitable *ctivilie$ by fund type Unresirici¢d Funds Restricted Total Tr-unds Fuiids 2020 Q Nli55jOll lini51ry Buildings Church Life Youih Work 23,-566 94.910 94.910 2?.4iO ?2,430 1,913 ?•6.459 37,601 264.0611 U'nrestricted Fiinds R¢siri¢¢¢d Toial Funds Funds ?019 Q ￿lIS510n Miiiisiry J5.932 158.595 180.659 1 S,608 4,137 158 495 15* ?84 15.608 ?8.-173 ChLirili Life Youih Ivork 366.558 ?8.373 .194.931 Eipen(Illurt on eh#rli*ble ictlvilie5 bv activiti. li'pe Adivilies undertakeii dir¢¢ily Tot41 fund$ 2020 Toial fiind !019 Q Ilission .35.9.3? 158.595 180.659 15.008 4.1.17 94.910 94.910 Chur¥h Life Youih Work 2?.4iO .9?_1 22.4)0 1.923 ?64.060 264.060 194.9.l1 Yel lexpendilurevincome Nei le.KpeJidiiurehineome is sthied after ¢harginWlcrediiingl'. 2020 ?019 Deprecialioii of lan8ible fixed ￿se[S 6?.293 Independent eY*mination fees Period froin IAug18to 31 D¢¢ 19 )earto 31 Dt¢20 Fees payable to (he independent examiner for.. Ind¢pendent e.Yaminaiion ofihe financial siat¢m¢nts 900 900 Queens Road Baptist Church Notes to the Financial Statements l¢omiJwedJ Year ended 31 December 2020 Sialf tosts The total staff c0515 and employ¢¢ benefits for the reportiiig period are analysed as folloivs.. Period from l Aug 1810 31 De¢ 19 'earto 31 Dec20 Wages ajid salari¢s So¢ial s¢¢iiril)' ¢OSts Emplover cojiiribiitions lo pension plans 89.6?1 2 J90 116.538 8,94) 98,196 1 ?9,749 Th¢ average head count of emplo)¢es durit)g the year was 6 12019.. 41. The av¢ra¥e number of full-time eqiiival¢iii emplo)'ees durin8 the J¢or is anal)sed as follow5.. 2020 No. ?019 Niimber ofadn)inisiraiive 5ts No employee received employee benefiis of more ihan £60.01)O during ihe year{2019.. Nill. 10. Trustee remuii¢rth¢ion Ind expenses S Cave had r¢niiiii¢Tuli(In ol. £•7.000 aiid oiher benefits lotaliiig £8.516. S Flearle had reiiiiiiieralioii of £?4.047 aiid oilier benefiis ioialiii¥T £8.406. Boili Iru51ees ar¢ eniplo)ed as niiiii51er5 of Ilie cliiir¢li, I l. Tangible fiytd ￿ssets Land and Fixtures aiid buildinB5 Equipment Total Cos¢ Ai l Janiiary ?020 Additions 1,674.574 49.593 1?.069 4.264 1.7J6,236 4..$64 At 31 December 2020 1.674.574 49.891 16.333 1.740.8OU Depreciation ?81.887 -13.J91 16.591 9.686 5.826 304J04 har¥Je Ii)r Ilie J¢ar ,1131 DctrmlTrer 2020 315.378 26.277 8.555 3.$0,210 Cirryin% At JI Dcctmber 2020 1.359.196 23.616 7.778 I J90,.590 At.3 l D¢c¢mb¢r 2019 1,39? 687 33.00? 6.743 1.4.31.9.31 J6- Queens Road Baptist Church Notes to the Financial Statements Year ended 31 December 2020 12. Debtors 2020 2019 Trade debiors Pr¢paym¢nis and a¢(n￿d incom¢ Other debtors 4201 7.590 139 9.411 12.849 13. Creilltor5: amounts f#lling due *iihin ont vear 2020 019 A¢cru)Is and deferred income her creditors 4J78 J6,851 3,87? 37.806 41,229 41,678 14. Creditor5'. amounls fAllinR due ifter mort than one yegr 2020 ?019 her creditors 138,824 152.623 IS. ProviJions Ptn$ion$ ind oblig.Ilion$ Ai l Janiiary 2020 Additions 97.200 At 3 l De¢ember 2020 101,700 16. Pen%ions oiher p05t retirement benefits Deflned contribution plans The amoiini re¢o¥ni5¢d in income or e.xpenditur¢ as an expense in relaiion to d¢fined contribution plans 0$ £6.185 {1019.. £8.9451. 17 Queens Road Baptist Church Notes to the Financial Statements Year ended 31 December 2020 16. Pension5 and other post rttirem¢nt beTrefits The chariTh operat¢s o pension scheme providing benefits based on final peiisionable pay. The assets of ilie sclieiM¢ are held separately from ilK>se of die chariiy. being invesied with ihe Baptist Pe115ioiI Scli¢m¢. A formal valiioiioji of the Defined Benefti IDBI Plaii was perfornied ai 31 December 201.1 b! a profLssionall)' qualilied Actiiary using the ProjeLied unli ¥lethod. The niarkei value of ihe DB Plaii ai the valtiaiion date isa5 £16? niillion. Tli¢ valuaiion of the DB Plaii revealed a deficir of assers compared witli the value of liabiliiies ol- £84 niillion (equi￿.alent lo a past S¢twiLe fundinu level of 660/01. Tlie cl)urLli aiid the other emplo>ers supponin&T ihe DB Plan are colleciiv¢lv responsible for fundiiig il)is defjcit. The key assumptior15 underlying ihe valuo¢ion were as follows= Type of financial assumpiion RPI price innaiiott a55uniption CPI price inflaiion as5unipiioJi liniinum Pensionable Imome increase5 (CPI pliis l.OD/o pal Assiim¢d In￿eStme[bl return5 Pre-r¢liremenl Post relircmLnr D¢f¢rr¢d peiision increases Pre ,4pril ?OOfj Post .4pril ?009 Pension in¢reases Iclin Scheme pension Pre April 2¢X>6 Nlain Scheme pension Posi April 2006 5.10 3.9S 3.60 2.50 3.40 2.30 Posi-reiiren)cnl mortaltty iji ac¢ordan¢e uiih 75.th of the S I NFA and Sl NKI.4 tables. willi allowaiiLe for future iinprovemenis in n)onaliry' rates fTOtn ?OOi in Ill￿ with ihe CMI ?01 ? eore proje¢iions, willi a loii lerm annual raie of improvemenl of1.750o for males ond 1.5•o for females. Recovery Plgn In addiiion 10 Ihe ¢ontribulions to th¢ Plan ser oiit above. where a valuaiion of the DB Plan revealed a deficit Ihe Tr1151ee and the CcFltn¢il agr¢c lo a rale of defiii¢n¢J Contribiilions froin ¢hiir¢hes and other emplovers Invol￿ed in Ihe DB Plan. L,nder the current ReroTrery Plan dai¢d ? April 2015. dLfiLiency contribuiions ar¢ payable unlil 30 Jiine •025. These cotllribuiions are broadly based on the eniploverfs menib¢rship al 31 December ?014 and irb¢rease arÈThually in line wth increases to Minimum Pensioiiable Inconic as defjiied in ihe Rules. 18- Queens Road Baptist Church Notes to the Financial Statements rrortiJwe• Year ended 31 December 2020 17. Analy515 of charitable funds Unrtstritied funds At l January 2070 31 December 2 020 Income Expenditure Llnre51rict¢d G¢ner31 Unrestricted Development 210.442 12?6.4591 340.679 8.$9.529 859.5?9 •16 ?)5 710.44? {2?6.4591 1.200.208 At 31 December ? 019 Ai l Augusi 2018 Income Expendiiure Unresiri¢t¢d General UnreslTlCted Development 388.551 859.529 334.703 {366,5581 356.690 859,5?9 1 ?48.080 334,703 1366.5581 ?16,??5 Restricted funds At 31 Dtetmbcr 2 020 At l January ?O•O Income Exp¢ndirure Resiri¢i¢d Developmeni 34.888 38.851 137.6011 36,138 Ai 31 Decenibcr 019 l Augusi 2018 Income Expeiidilure Rtstricted Development 15.6iJi 68.894 178..1731 34.888 18. An*lysis of net #ssets between funds Unrestrieied Funds R¢siriLi¢d Total Fun(15 Fuiids 2020 Ciirrent assds 1 ?00.708 36,138 ,236,346 Unreslrieted F￿ndS Reslrieled Total Funds Funds ?019 Current assets ?16 ??5 34.888 19. Related partie5 There was no other related party trdnsaciion oiher than ￿¢¢ 10, T￿st¢£ remiineratiotl and expenses. 19 Queens Road Baptist Church ManAgement Informatio Yeur ended 31 December 2020 The followin¥ pAg¢s do noi forrn part of¢ht financial slAlements. -20- Queens Road Baptist Church DetAiled Statement of Financial Actii'ities Ye￿r ended 31 December 2020 P¢Tiod from 31 Dec 20 31 Dec 19 Income and endowm¢nis Doniilions leg*cies OfteriiiiTrS I S O'sl Offeriii¥rS l EnvlC.ash,'Cliq51 Gift ai(f lax refunds Sundry donations Biiilding fund di>naiions DLposii ini¢r¢st Us¢ (Ifpremise5 Prtsject liiiids Mission dojiaiioiis 135J89 6,932 145.176 14.242 22.649 109 J2.416 1,960 -31.690 381 5,20? -304 249293 40.3.597 Totul income 249.293 40".).51)7 21 Queens Road Baptist Church Detsiled Statement of Financial Actii'ities fc•Klrmr¢4) Year ended 31 December 2020 Period from I Alig 18 to 31 tkl" 19 l'ear to 31 Dec20 Eipen(lilure Expendiiurt on ¢haTltable Actii'ttkes 2.828 89.621 2J90 6,185 6,144 6.543 5.231 116.538 lages and salaries F.mploJer's NIC Pension costs Rent Raies and water Light &nd heal Repairs aiid maiiiienance 8.945 10.330 20,607 3,861 84 9.709 l.OJ7 19.Oi8 5.-1.$7 49 14,041 1.457 Moiur vehiLle e¥peiises Legpal aiid professional fees Telephone Orhlr offi¢e ¢osi$ Deprelialion Other inlLrest PlL )'11 bl¢ and similar charg¢s Finoti¢¢ ¢osis- defiiied beiiefil pension s¢heme Aciiiai'ial ¥aiti&'ilossesl oil d¢l'd ben. scheme D¢lail¢dSOFAE.xpendiiiireOiiCharitable.4¢iiviiiesType3H Chiirch Ltfe- worship Q ￿lI$s1On Gap Project Q ￿lIs510n- Spurgeojis College Q Nlission- Oih¢r Q fvlis%ion 94 Glob?& I ch￿l11¢n8¢ Q Klis%ion- piist fvlissii)n Q Nlis.%ion - Funds Q ￿li$S1On . Beihany Children's Tn￿¢ 6?.293 8,259 7,103 33.720 4.01)0 3.950 934 7.500 3.981 6,733 .8.732 6.000 11.900 2.000 ?.875 2,060 264,060 -794.931 Total expendilurt 264.060 394.9.l1 Net {expen(litureyitb¢ome (14,7671 8.606 -22- Queens Road Baptist Church Notes to the Detailed Statement of Financial Actii'ities Year ended 31 December 2020 Period from IAug 18to 31 tkL- 19 l'ear to 31 Dee20 Expenditure on tharitable activities Q.Ilissio A¢iik'iiie& #nderluken direcilv Q ￿[1%510￿ Gap Project Q ￿lis51017- Spurgeons College Q fvlission- Oiher Q fvlission- 94 Global Ch4111enge Q fvlission- Bapii5t Klission Q IIi55ion- Fiinds Q Ilissioii- Bk¢hanJ Children'5 Trust 7.500 1.48? 2.175 6.OUO 13,900 2.000 3,981 6,7J3 5.732 iJoo 2,060 23.-$66 35,932 linistry AL'lii'itle.f iiii£lerfoA'eii diredlv 300 linisiry- Wage&'saI￿1rleS Ministry- employer's NIC liiiislry . p¢nsii)n Losts 83..10S 2J90 .94.% 8.416 6.541 49 6,144 fvliiiisiry rules & Ivaier fvlinisiry- moior vehicle expen5¢5 linistry- fiiiaJiL¢ costs d¢fd ben. scheThe lini51r%' ailiiarial 8ain&'ilossesl on defd b¢n. scheme 84 7,103 .3J.720 94,910 158.59) Buil(lings AL'lii'jij¢.4 iiii¢lt*fiiiA-eii dlredl ?7? 33,2.3.3 3,789 Buildiii&?5 I￿a￿yes. Salaries Buildiiigs raiL's & %iaier 26.0.$8 1.908 14,67.4 Biiildings- rep￿lir5 &. mainlena￿t BLiildings- insuran¢¢ Biiildin¥s- leEJl and Professional f¢¢s 18.648 5,357 9.197 17,900 3.861 4.866 2.401 44,060 Biiildings- dcpreciaiion Carried forward 13,730 172.400 Queens Road Baptist Church Notes to the Detailed Statement of Financial Aetii'itie5 (roRlrA¥edl Y¢ar ended 31 December 2020 Period from l Aug18to 31 Dec 19 I'e#r to 31 Dec20 BToiighi forward 17?400 Dir¢Lt Chariiabll acti￿.￿l>- 7- other type 4.000 121.2Jl 180.659 Church Life /l¢llk'liie.i iiiiilerliiA-eii dire£'ilk' repair5 &. niaiiiienance Chiirch Life- licences and siibs¢ripiions ChLirch Lif¢- iel¢phon¢ Chiirch Lif¢- oih¢r office costs ChiirLh Life- depreciation ChLirch Life- W'orship 410 4,844 1,457 4043 1,037 1.846 934 22,430 15,608 Youth lfv'ork l'outh. Faniilj & Cl)ildrLIi 1.923 4.137 Expeniliiure on ¢h#ritable ictivities 264,060 394.931 -24-