2021-12-31-accounts - Hertford Baptist Church

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

State	m	e	nt of Financial	A	ctivities	for the yea	r ended 31	December	2021	2021
							unrestricted	Designated	Restricted		Total Funds	Total Funds
							Funds	Funds	Funds		2021	2020
INCO	NDI U MEBL EXPE T RE						8	f	6		6	6
Income		from:
Donations			and legacies Regular Offerings Special Gitts &Legacies Thankoffeiing Gift Aid recoverable				148.636 27,335 35,572	13,690 4.350 3.402	2.095 265		148.636 43,120 4.350 39,239	152407 24.932 930 31.114
Charitable			AcDvities				1.125			80	1.205	284
Activities		- -	which generate funds Use of properly Repayments				33,277 166				33.277 166	34.013 277
		-	Bank interesi				511				511	502
		-	Government furlough schemes
Total							246,623	21 442	2,44D		270,505	244,549
Expenditure on:
Charitable			Activities
			Local Ministry				175.367	73.195			248,562	253569
			Governance Costs				13,275				13,275	11998
			Grants payable National Mission				I0,80D				10,800	11.116
		-	World Mission				18.662	16,500			35,162	20.630
		-	Future Mission				3,000				3.000
		-	Thankoffering &Special					6.770			6,770	3.514
Total							221 104	96465			317,569	300827
Net Income/(expenditure)							25,519	(75.023)	2,440		(47.065)	(56,278)
Transfers			between funds				8,808	8,930		122
							16.711	(66.093)	2.318		(47,064)	(56,278)
Actuarial		Gains/gosses) on defined			benefit	pension schemi						20.000
Net Movement in Funds							16.711	(66,093)	2.318		(47.065)	(3S.176)
Total	Funds brought forward			at	1/1/20		113,115	2,084.396	3,072		2.200.583	2.235.759
Total	Funds carried forward				at 31.12.21		129,826	2,018,303	5,390		2,153,518	2,200,683
Balance Sheet at 31 December						2021					2021	2020
			Fixed Assets
					Tangible	Fixed Assets					2.012,591	2,070.807
			Current Assets
					Debtors						39,2D8	31.114
					Cash at bank & in hand						215.333	222.073
			Liabilities
			amounts	falling due within l year							(13.613)	(23411)
			Net Current Assets								240,928	229,776
			Defined	benefit pension scheme net			asset or liability				(100,000)	(100.000)
			Net Assets								2,153,519	2,200,583
			Funds		unrestricted						129.826	113115
					Designated						2018,303	2.084.396
					Restricted						5,39D	3,072
											2163619	2 200683

Statemen	t of Financial	Activit	ie	s	for the	year ended	31 December	2o21	2o21
						Unrestricted	Designated	Restricte		Total Funds	Total Funds
						Funds	Funds	Funds		2021	2020
Income from:
Donations	and legacies Regular Offerings					148,636				148,636	152,497
	Spedal Gifts & Legacies					27,335	13,690	2,095		43,120	24,932
	Thankoffering						4,350			4,350	930
	Gift Aid recoverable					35,572	3,402		265	39,239	31.114
Charitable	activities					1.125			80	1,205	284
Investments -bank interest						511				511	502
Other
	Use of property					33,277				33,277	34,013
	Repayments					'l66				166	277
	Government furlough	schemes									1.102
Total						246,623	21 442	2	440	270,505	245,651
Expenditure on:
Charitable	Activities
	Local Ministry		Note		3	1?5.367	73,195			248 562	253569
	Support Costs		Note		4	13.275				13,275	11.998
	Grants payable:
	National Mission		Note		5	10.800				10,800	11,116
	World Mission		Note		5	18.662	16,500			35.162	20,630
	Future Mission		Note		5	3.000				3.000
	Thankoffering &Special		Note		5		6,770			6.770	3.514
Total			Note		6	221 104	96465			317,569	300,827
Net Income/(expenditure)						25.519	(75,023)	2,440		(47,065)	(55,176)
Transfers	between Funds					(8,808)	8,930		(122)
						16,711	(66,093)	2,318		(47.065)	(55.176)
Other recognised Gains/(losses):
Actuarial gains/(losses) on definedbenefit				pension							20,000
schemes
Gain/Loss	on Fixtures. Fittings	& Equipment			written
	off or revalued
Net Movement in Funds						16,711	(66,093)	2,318		(47,065)	(35,176)
Reconciliat)on offunds:
Total Funds Brought Forward
		Notes 15.16			&17	113,115	2,084,396	3,072		2.200,583	2.235.759
Total Funds Carried Forward
		Notes 15.		16	&17	129,828	2,018,303	5,390		2,153,518	2,200,583

					2021	2020
				Notes
Fixed Assets:
	Tangibie Fixed Assets			Note 11	2,012,591	2.070,807
Current	Assets:
	Debtors			Note 12	39,208	31,114
	Cash at bank and in hand			Note 13	215.333	222,073
	Total current assets				254.541	253,187
Liabilities:
Creditors:	amounts falling due within	1 year		Note 14	(13.613)	(23,411)
	Net current assets or			liabilities	240.926	229,776
	Total assets less current liabilities				2,253.519	2,300,583
Creditors:	amounts falling due after more than one year			Note 14
Provisions	for liabilities
Net assets or liabilities excluding		pension	asset or	liability	2,253,519	2,300,583
Defined	benefit pension scheme	asset or liability			(too.ooo)	(1oo,ooo)
Total net assets or fiabilitf'es					2,153,5'l9	2,200,583
The funds ofthe charity:
	Unrestricted		Note 15		129,826	113,115
	Designated		Note 16		2.018.303	2,084.396
	Restricted		Note 17		5,390	3,072
					2,153,519	2,200,583

HERTFORD BAPTIST CHURCH Notes to the accounts for the year ende	HERTFORD BAPTIST CHURCH Notes to the accounts for the year ende	HERTFORD BAPTIST CHURCH Notes to the accounts for the year ende	d 31 Decem	ber
The key financial assumptions underlying the valuation			were as follows
RPI price inflation assumption				320
CPI price inflation assumption				2.70
Minimum Pensionable Income	increase adjustment	(above CPI)		050
Assumed investment returns
-Pre-retirement (gilt yield plus	1.75% pa)			2.95
-Post retirement (including benefits matched by the policy) (gilt yield plus 0 54k pa)		insurance		1 70
Minimum Pensionable Income	increases (CPI plus	0	5'k)	3.20
Deferred pension increases (based on RPI)
-Pre April 2009				3.20
-Post April 2008
Pension increases
-Based on CPI with an annual	floor of0%and annual		cap of 5'k	270

Movement in Balance Sheet Liabilit	y
Section 28.11Aof FRS102 requires	agreed	deficit recovery	payments	to	be recognised	as	a liability.
Tha movement in the provision is sat	out in the table below
			2021			2022
				E		9
Balance Sheet liability at the year start				100.000			120.000
Minus deficiency contributions paid				(4391)			(3,056)
Interest cost (recognised in SoFA)
Remaining change to balance sheet in SoFA)	liability	(recognised			4.391		(16.944)
Balance sheet liability at the year end				100.000			100.000

to the accounts for	the year	ended 3	1 December 2	021
al Ministry			unrestricted	Designated	Restricted	Total	Total
			2021	2021	2021	2021	2020
			E			E	E
Premises			28.309			28.309	26,063
Depreciation				68,859		68,859	72.304
Ministry Church Activities			94,382 7,261	461		94.382 7,722	64,594 7,409
Outreach Activities			3,581	3,875		7,456	19,213
Enabling Actrvities			41.744			41,744	63,986
Bank charges			90 175,367	73.195		90 248,562	253.569
2020 totals for umestricted. restncted funds	designated	snd	162,471	91,098			253,569

port Costs
	2021	2020
Audit fee	5.,646	5,094
Professional fees	6.044	5,618
secretarial	1.585	1,288
	13,275	11.998

No	tes to the accounts for	the yea	r en	ded 31 Oece	mber 202	1
5.	Grants for Mission			unrestricted	Designated	Restricted	Total	Total
				2021	2021	2021	2021	2020
	National Mission						s	a
	Baptist Mome Mission (CBA) Future Hope Herfford Young Life		(I) (t) (1)	5.800 2.500 2.500			5,800 2,500 2.500	6,116 3.125 1.875
	Others
				10,800			10800	11,116
	2020 totals for unrestricted, designated and restricted	funds	(3)	11 116				11116
	World Mission
	BMS World Mission		(1)	5.800			5,800	10.174
	BMS Relief Fund
	Other societies		(3)	620	16500		17,120	900
	People International (to support a couple) SIM (to support 1 person) Interserve (M LeRoy) Matiza Family (2020 OM)		(1) (1) (1) (1)	3.690 2,061 1,365 3,600			3,690 2,061 1,365 3.600	3,690 2.061 1,365 2.440
	I atin Link (W Davies)		(1)	1526 18662	16500		1 526 35162	20630
	2020 totals for unrestricted,
	designated and restricted	funds	(6)	18623		2007		20630
	Future Mission
	Spurgeons College All Nations Christian College			1,500 1.500			1,500 1.500
	Training Support
				3000
	2020 totals for unrestricted,
	designated and restricted	funds
	Thankoffering tk Special Appeal
	Thankoffering		(2)		6.770	-	6.770	3,252
	Special Appeal							262
					6.770	-	6.770	3.514
	2020 totals for unrestricted,
	designated and restdicted	funds	(2)		3252			3,252

l Expenditure
		Stalf	Premises	Other	Total	Total
		Costs	Coats	Costs	2021	2020
		8	8	8	K	8
Local Ministry National Mission		115,298	28,309	104955 10.800	248,562 10800	253 11	569 116
World Mission				35162	35 162	20,630
Future Mission				3000	3,00D
Thankoffering				6770	6.770	3,252
Special Appeals Governance				13275	13275	11	2t}2 998
		t15,298	28309	173.962	317.569	300,827
Total expenditure	was K317,569(2020:K300,827) of		whmh 5221,104was unrestricted
(2020:f204,208)	796,465was designated	(2020:K94.350)snd none		was restricted	(2020.K2,269)

Analysis ofstaff costs, trustee remuneration and exp personnel	enses and the cost of kay manageme	nt
	2021	2020
	8	8
Stipends, Expenses 8Wages Social Security Costs	101.480 4.364	93.005 3.429
Pensions Costs	9444	8 182
	115,298	104616

Average Number of Emp	loyees
		2021	2020
		Number	Number
Ministers
Team Leader for Pastoral	Care 8 Prayer
Secretaries/Administrators	(sg part.time)
Cleaner (part-bme)
		5	5

							unrestnctad	Designated	Rashrcted	Rashrcted	Total Funds
							Funds	Funds	Funds		2020
							5	r			E
Income from:
Donations	and legacies Regular Orfsnngs Speoal Gihs &Legaaes Thankoffenng						152,497 1,967	2i 396 930	1	569	15249T 24,932 930
	Gdt /ud recoverable						27.933	2921		250	31 114
Charitable ac(Miss Invastrnenls - bank inieresl							284 502				284 502
Other
	Use of property						34,013				34.013
	Repayments Government furlough	schemes					277 1102				277 1 102
Total							218.575	25247	1	829	245,651
Expend)turn on:
Chantsble	achwlies
	Local Mltilsti7						162,471	91098			253,569
	Support Casts						11,996				11998
	Grants payable Nstronal Mission						11116				11.116
	Wood Mission						18,623		2.007		20,630
	Future Mission
	Thankoffenng & Spemal							3252			3514
Total							2(M,208	94,350	2.269		300.827
Net Income/(Expendnure)							14,367	(69.103)	1440)		(55 176)
Transfers	between Funds						(19,332)	'(9332
							(4,965)	(49771)	(440)		(55.1761
Other recognised Gains/(Losses}Gains				&	(Losses)
Actusnsl	gains/nossesl on defined		beneht	pension		scheme	20000
Gain/Loss	cn 5xtures fittings and equipment				wntten	off or revalued
Nat Slovement in Funds							15035	/49 771)	(4401		(35176)
Reconciliation ofFumtsi
Total Funds Brought Forward
el I January 2020							98 080	2.134,167	3512		2.235,759
Total Funds Cerned Forward
at 31 December 2020							113115	2084,396	3,072		2.200.583

Tangible Fixed Assets
	Freehold	Freehold	Flxlurss,
	Land	Buildings	Fittings &
			Equipment	Total
Costfyaluation			K	K
At 1 January 2021	468000	1.595,220	418,450	2481 670
Dispossls
Revaluafion
Additions			10644	10,644
At 31 December 2021	468000	1 595220	429,094	2492314
Depreciation
At 31 December 2020		283.393	127.470	410,863
Disposals
Revaluation
Charge for the year		31,697	37 i62	68.859
AI31 December2021		315.090	164632	479 723
Net BookValue
At 31 December 2021	468000	I 280 130	264.482	2012,591
At31 December2020	468.000	1,311,827	290980	2,070.807

Debtors
	2021	2020
	K	K
Other debtors
Income Tax Rsccvsrabls	39208	O'I 114
	392D8	31 114

13.	Cash at Bank	and In Ifsnd
							2021
	Bank Accounts						215288	222 016
	Petty Cash						45 215,333	57 222 073
14.	Liabilities
							2021	2020
							9	8
	Payro 0 lrabilihes Accruals						2 751 10862	5810 17.601
							13613	23411
	Crsditcm Dus» 1 year
15,	Unrestricted	Funds
			Balance	Movement				Balance
							Pension
			1.1,21	Incoming	Outgoing	Transters	Liability	31.12.21
			5	8	5	8	r.	8
	General Church Funds		113115	246.623	221 104	8808		129.826

			Balance				Gains and
			1.1.21	Incoming	Outgoing	Transfers	losses	31.12.21
			8		9	f	2	9
Thankoffsring			3510	5,383	6,770			2 123
Training	Support		1.431	360				I 791
Other designated		donations	8,648	15,699	20,836	(1,7141		1,797
			13589	21 442	27,606	i1 7141		5 711
Tangible	gxed assets		2,070,807		68,859	10,644		2.012,592
			2 084 396	21.442	96,465	8,930		2018303

Restric	ted Funds
		Balance				Gains and	Balance
		1.1.21	Incoming	Outgoing	Transfers	losses	31.12.21
		E	E	k	E	E	8
Bsptist	societies	2,347	2,440		(122)	-	4665
Others		725					725
		3072	2440		I1221		5.390

Analysis o	fNet Assets Between F	unds
		Tangible	Net	Total
		Fixed Asseta	Current Asseta	Assets
		9	E
Unrestricted	Funds (note 15)		129.826	igo 825
Designated	Funds (note 16)	2,012.591	5.712	2.018,303
Restricted	Funds (note 17)	2012,591	5390 140.928	5390 2 153.519

At 31D	ecember 2021 there were commitments	under operating leases
		band a	Other	2020
		Buildings
		E	E	E
Expiring	within 1year		1 735	828
Expiring	within 2-5 years		3 402
Expiring	in over 5years
			5 138	828

Stateme	nt Df Financial	A	ctivities fo	r th	e yea	r ended 3	Decembe	r 2021
						Unrestricted	Designated	Restricted	Total Funds Total Funds
						Funds	Funds	Funds	Z021	2020
INCOME	a EXPENDITURE					6	6	8	K	8
Income from;
Donations - - Charitable	and legacies Regular Offerings Special Gifts &Lsgaoss Thsnkoffsring Gift Aid recoverable Activities					146,636 27,335 35,572 1,125	13,690 4,350 3,402	2,095 265 80	148,636 43,120 4,350 39,239 1,205	152,497 24,932 930 31,114 284
Activities - -	which generate funds Uss of property Repayments Bankinterest					33.27'/ 166 511			33,277 166 511	34,013 277 502
-	Government furlough	schemes
Total						246,623	21,442	2,440	270,505	244,549
Expenditure on:
Charitable	Activities Local Ministry Governance Costs					175,367 13,275	73.195		248.562 13,275	253,569 11,998
- - -	Grants payable: Nslional Mission World Mission Future Mission Thankoffering &Special					10,600 18,662 3,000	16,500 6.770		10800 35.162 3,000 6,770	11116 20.630 3,514
Total						221.104	96,465		317.569	300,827
Net Income/(expenditure) Transfers between funds						25,519 6,808 16.711	(75,023) 8,930 (66,093)	2.440 122 2.318	(47,065) (47,064)	(56.278) (56,278)
Actuarial Gains/(losses) on defined			benefit pension		scheme					20,000
Net Movement in Funds						16.711	(66,093)	2.318	(47,065)	(35,176)
Total Funds brought forward		at	1/1/20			1 13,115	2,084,396	3,072	2,200,583	2,235,759
Total Funds carried forward at 31.12.21						129,828	2,018,303	5,390	2,153,518	2,200,583
Balance Sheet at 31 December 2021									2021	2020
	Fixed Assets								5	6
			Tangible Fixed Assets						2,012,591	2,070,807
	Current	Assets
			Debtors						39.208	31,114
			Cash at bank &in		hand				215,333	222,073
	Liabilities
	amounts	falling due within		1 year					(13,813)	(23,411)
	Net Current Assets								240928	229776
	Defined	benefit pension scheme nsi				asset or liability			(100,000)	(100,000)
	Net Assets								2,153,519	2,200,583
	Funds		Unrestricted						129,826	113.115
			Designated						2.018,303	2,084.396
			Restricted						5,390	3.072
									2153,519	2,200,583