2020-12-31-accounts - Hertford Baptist Church

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Stateme	nt of Financia	l	Ac	tivitie	s for th	e year ended	31 Decembe	31 Decembe	r 2020
						Unrestricted	Designated		Restricted	Total Funds	Total Funds
						Funds	Funds		Funds	2020	2019
Income	from:
Donations	and legacies
	Regular Offerings					152,497				152,497	167,546
	Special Gifts 8 Legacies					1,967	21,396		1,569	24,932	12,735
	Yhankoffering							930		930	10,031
	Gift Aid recoverable					27,933	2,921		260	31,114	37,578
Charitable	activities					284				284	2,240
Investments - bank interest						502				502	1,580
Other
	Use of property					34,013				34,013	21,959
	Repayments					277				277	186
	Government furlough		schemes			1,102				1,102
Total						218,575	25,247		1,829	245,651	253,855
Expenditure on:
Charitable	Activities
	Local Ministry			Note 3		162,471	91,098			253,569	214,897
	Support Costs			Note	4	11,998				11,998	15,398
	Grants payable:
	National Mission			Note	5	11,116				11,116	10,220
	World Mission			Note	5	18,623			2,007	20,630	15,871
	Future Mission			Note	5
	Thankoffering &Special			Note	5		3,252		262	3,514	10,303
Total				Note	6	204,208	94,350		2,269	300,827	266,689
Net Income/(expenditure)						14,367	(69,103)		(440)	(55,176)	(12,834)
Transfers	between Funds					(19,332)	19,332
						(4,965)	(49,771)		(440)	(55,176)	(12,834)
Other recognised Gains/(losses):
Actuarial gains/(losses) on defined schemes			benefit pension			20,000				20,000
Gain/Loss	on Fixtures, Fittings	&	Equipment		written
	offor revalued										261 681
Net Movement in Funds						15,035	(49,771)		(440)	(35,176)	248,847
Reconciliation offunds:
Total Funds Brought Forward
		Notes		15, 16	& 17	98,080	2,134,167		3,512	2,235,759	1,986,912
Total Funds Carried Forward
		Notes		15, 16& 17		113,115	2,084,396		3,072	2,200,583	2,235,759

									2020	2019
								Notes
Fixed Assets:
	Tangible	Fixed Assets					Note 11		2,070,807	2,122,226
Current	Assets:
	Debtors						Note 12		31,114	35,578
	Cash at bank and		in hand				Note 13		222,073	206,617
				Total current assets					253,187	242,195
Liabilities:
Creditors:	amounts falling due		within		1 year		Note 14		(23,411)	(8,662)
				Net current		assets or	liabilities		229,776	233,533
				Total assets		less current		liabilities	2,300,583	2,355,759
Creditors:	amounts falling due		after more than			one year	Note 14
Provisions	for liabilities
Net assets or liabilities excluding					pension	asset or	liability		2,300,583	2,355,759
Defined benefit pension scheme asset or						liability			(100,000)	(120,000)
Total net assets		orliabilities							2,200,583	2,235,759
The funds ofthe		charity:
	Unrestricted					Note 15			113,115	98,080
	Designated					Note 16			2,084,396	2,134,167
	Restricted					Note 17			3,072	3,512
									2,200,583	2,235,759
Approved by the		Diaconate		on 8th ofJune 2021 and signed on their behalf

RPI price inflation	assumption	assumption	3.20
CPI price inflation	assumption		2.70
Minimum Pensionable		Income increases (CPI plus 1.0'IB 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			2.70

No	tes to the accounts for	the year	ended	31 December	2020
3.	Local Ministry			Unrestricted	Designated	Restricted	Total	Total
				2020	2020	2020	2020	2019
				6	6	f
	Premises			26,063			26,063	31,372
	Depreciation				72,304		72,304	44,631
	Ministry			64,594			64,594	58,808
	Church Activities			7,369	40		7,409	12,409
	Outreach Activities			459	18,754		19,213	4,919
	Enabling Activities			63,986			63,986	62,727
	Bank charges							31
				162,471	91,098		253,569	214,897
	2019totals for unrestricted,	designated	and
	restricted funds			166,087	48,192	618		214,897

port Costs
	2020	2019
Audit fee	5,094	5,101
Professional fees	5,618	6,435
Secretarial	1,266	1,662
	11,998	15,398

Grants for Mission				Unrestricted	Designated	Restricted	Total	Total
				2020	2020	2020	2020	2019
National Mission					8	f
Baptist Home Mission (CBA)			(1)	6,116			6,116	5,220
Future Hope			(1)	3,125			3,125	2,500
Hertford Young Life			(1)	1,875			1,875	2,500
Others
				11,116			11,116	10,220
2019totals for unrestricted,
designated and restricted		funds	(3)	10,220				10,220
World Mission
BMS World Mission			(1)	8,207		1,967	10,174	5,220
BMS Relief Fund
Other societies			(1)	900			900	50
People International	(to support a
couple)			(1)	3,690			3,690	3,600
SIM (to support 1 person)			(1)	2,061			2,061	2,061
Interserve (M LeRoy)			(1)	1,365			1,365	1,340
OM (Matiza Family)			(1)	2,400		40	2,440	3,600
				18,623		2,007	20,630	15,871
2019totals for unrestricted,
designated and restricted		funds	(6)	15,821		50		15,871
Future Mission
Spurgeons College
All Nations Christian	College
Training Support
2019totals for unrestricted,
designated and restricted		funds
Thankoffering &Special Appeal
Thankoffering					3,252	-	3,252	10,092
Special Appeal						262	262	211
					3,252	262	3,514	10,303
2019totals for unrestricted,
designated and restricted		funds	(2)		10,303			10,303

	Staff	Premises	Other	Total	Total
	Costs	Costs	Costs	2020	2019
	8	6	6	6	8
Local Ministry	104,616	26,063	122,890	253,569	214,897
National Mission			11,116	11,116	10,220
World Mission			20,630	20,630	15,871
Future Mission
Thenkofferin			3,252	3,252	10,092
Special Appeals			262	262	211
Governance			11998	11998	15398
	104,616	26,063	170,148	300,827	266,689

Analysis ofstaff costs, trustee remuneration	and the cost ofkey management	and the cost ofkey management
personnel
	2020	2019
	6	6
Stipends, Expenses &Wages	93,005	90,547
Social Security Costs	3,429	3,858
Pensions Costs	8,182	10,589
	104,616	104,994

Average Number ofEm	ployees
			2020	2019
			Number	Number
Ministers
Team Leader for Pastoral	Care &Prayer
Secretaries/Administrators	(all part-time)
Cleaner (part-time)
		Page 25	5	5

						Unrestricted	Designated	Restncted	Total Funds
						Funds	Funds	Funds	2019
							6	f	6
Income	from:
Donations		and legacies
		Regular Offerings				167,546			167,546
		Special Gifts 8 Legacies				5,800	4,686	2,249	12,735
		Thankoffering					10,031		10,031
		Gift Aid recoverable				34,504	2,684	390	37,578
Charitable		activities				2,240			2,240
Investments - bank interest						1,580			1,580
Other
		Use ofproperty				21,959			21,959
		Repayments				186			186
Total						233,815	17,401	2,639	253,855
Expenditure on:
Charitable		activities
		Local Ministry				166,087	48,192	618	214,897
		Support Costs				15,398			15,398
		Grants payable:
		National Mission				10,220			10,220
		World Mission				15,821		50	15,871
		Future Mission
		Thankoffering	&Special				10,303		10,303
Total						207,526	58,495	668	266,689
Net Income/(Expenditure)						26,289	(41,094)	1,971	(12,834)
Transfers	between Funds					(3,258)	4,298	(1,040)
						23,031	(36,796)	931	(12,834)
Other recognised Gains/(Losses)Gains				8	(Losses)
Actuarial	gains/(losses) on		defined benefit	pension scheme
Gain/Loss	on fixtures, fittings and equipment				written olf or revalued		261,681		261,681
Net Movement in Funds						23,031	224,885	931	248,847
Reconciliation ofFunds:
Total Funds		Brought Forward
at 1 January		2019				75,049	1,909,282	2,581	1,986,912
Total Funds		Carried Forward
at 31 December 2019						98,080	2,134,167	3,512	2,235,759

.Tangible Fixed Assets
	Freehold	Freehold	Fixtures,
	Land	Buildings	Fittings 8
			Equipment	Total
CostNaiuation		E	E	E
At 1 January 2020	468,000	1,595,220	397,565	2,460,785
Disposals
Revaluation
Additions			20 885	20 885
At 31 December 2020	468,000	1,595,220	418,450	2,481,670
Depreciation
At 31 December 2019		251,696	86,863	338,559
Disposals
Revaluation
Charge for the year		31697	40,607	72,304
At 31 December 2020		283,393	127,470	410,863
Net BookValue
At 31 December 2020	468,000	1 311827	290980	2070 807
At 31 December 2019	468,000	1 343524	310,702	2,122,226

13.	Cash at	Bank and In Hand
			2020f	2019 6
	Bank Accounts		222,016	206,469
	Petty Cash		57	148
			222,073	206,617
14.	Liabilities
			2020	2019
			6	6
	Payroll liabilities		5,810	2,716
	Accruals		17,601	5,946
			23,411	8,662
	Creditors	Due & 1 year

			Balance	Movement	Movement			Balance
							Pension
			1.1.20	Incoming	Outgoing	Transfers	Liability	31.12.20
			6	6	6	6		6
General	Church	Funds	98,080	218,575	204,208	19,332	20,000	113,115

			Balance				Gains snd	Balance
			1.1.20	Incoming	Outgoing	Transfers	losses	31.12.20
			6		6	6	6	6
Thankoffenng			5,832	930	3,252			3,510
Training	Support		981	450				1,431
Other designated		donations	5,128	23,867	18,794	(1,553)		8,648
			11,941	25,247	22,046	(1,553)		13,589
Tangible	fixed assets		2,122,226		72,304	20,885		2,070,807
			2,134,167	25,247	94,350	19,332		2,084,396

Restricted	Funds
		Balance				Gains and	Balance
		1.1.20	Incoming	Out9olng	Transfers	losses	31.12.20
		f			5		f
Baptist societies		1,816	1,305	1,967			1,154
Others		1,696	524	302			1,918
		3,512	1,829	2,269			3,072
Baptist societies and other funds		are ongoing	funds held for specific		societies, the	majority ofwhich	are
paid out in	the course ofthe year.
Analysis of Net Assets Between		Funds
			Tangible		Net		Total
		Fixed Assets		Current Assets			Assets
			6		6		6
Unrestricted	Funds (note 15)				113,115		113,115
Designated	Funds (note 16)		2,070,807		13,589		2,084,396
Restricted	Funds (note 17)				3,072		3,072
			2,070,807		129,776		2,200,583

						Unrestricted	Designated	Designated	Restricted	Total Funds	Total Funds
						Funds	Funds		Funds	2020	2019
INCOME		&EXPENDITURE					6			6
Income	from:
Donations		and legacies
		Regular Offerings				152,497				152,497	167,546
		Special Gifts &Legacies				1,967	21,396		1,569	24,932	12,735
		Thankoffering						930		930	10,031
		Gift Aid recoverable				27,933	2,921		260	31,114	37,578
Charitable		Activities				284				284	2,240
Activities		which generate funds
		Use of property				34,013				34,013	21,959
		Repayments				277				277	186
		Bank interest				502				502	1,580
-		Government furlough		schemes		1,102				1,102
Total						218,575	25,247		1,829	245,651	253,855
Expenditure on:
Charitable		Activities
		Local Ministry				162,471	91,098			253,569	214,897
		Governance Costs				11,998				11,998	15,398
		Grants payable:
-		National Mission				11,116				11,116	10,220
-		World Mission				18,623			2,007	20,630	15,871
		Future Mission
-		Thankoffering & Special					3,252		262	3,514	10,303
Total						204,208	94,350		2,269	300,827	266,689
Net Income/(expenditure)						14,367	(69,103)		(440)	(55,176)	(12,834)
Transfers		between funds				19,332	19,332
						(4,965)	(49,771)		(440)	(55,176)	(12,834)
Actuarial	Gains/(losses) on defined benefit pension schemi					20,000				20,000
Net Movement in Funds						15,035	(49,771)		(440)	(35,176)	248,847
Total Funds brought forward			at	1/1/20		98,080	2,134,167		3,512	2,235,759	1,986,912
Total Funds carried forward at 31.12.20						113,115	2,084,396		3,072	2,200,583	2,235,759
Balance Sheet at 31 December 2020										2020	2019
		Fixed Assets
				Tangible Fixed Assets						2,070,807	2,122,226
		Current Assets
				Debtors						31,114	35,578
				Cash at bank & in hand						222,073	206,617
		Liabilities
		amounts	falling due within		1 year					(23,411)	(8,662)
		Net Current Assets								229,776	233,533
		Defined	benefit pension scheme net			asset or liability				(100,000)	(120,000)
		Net Assets								2,200,583	2,235,759
		Funds		unrestricted						113,115	98,080
				Designated						2,084,396	2,134,167
				Restricted						3,072	3,512
										2,200,583	2,235,759