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## 

|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<br>U<br>MEBL EXPE<br>T RE||||||8|f|6||6|6|
|Income||from:|||||||||||
|Donations|||and legacies<br>Regular Offerings<br>Special Gitts &Legacies<br>Thankoffeiing<br>Gift Aid recoverable||||148.636<br>27,335<br>35,572|13,690<br>4.350<br>3.402|2.095<br>265||148.636<br>43,120<br>4.350<br>39,239|152407<br>24.932<br>930<br>31.114|
|Charitable|||AcDvities||||1.125|||80|1.205|284|
|Activities||- <br>-|which generate funds<br> Use of properly<br> Repayments||||33,277<br>166||||33.277<br>166|34.013<br>277|
|||-|Bank interesi||||511||||511|502|
|||-|Government<br>furlough schemes||||||||||
|Total|||||||246,623|21 442|2,44D||270,505|244,549|
|Expenditure<br>on:|||||||||||||
|Charitable|||Activities||||||||||
||||Local Ministry||||175.367|73.195|||248,562|253569|
||||Governance<br>Costs||||13,275||||13,275|11998|
||||Grants payable<br>National<br>Mission||||I0,80D||||10,800|11.116|
|||-|World Mission||||18.662|16,500|||35,162|20.630|
|||-|Future Mission||||3,000||||3.000||
|||-|Thankoffering<br>&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<br>funds||||8,808|8,930||122|||
||||||||16.711|(66.093)|2.318||(47,064)|(56,278)|
|Actuarial||Gains/gosses)<br>on defined|||benefit|pension schemi||||||20.000|
|Net Movement<br>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<br>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<br>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<br>-bank interest||||||511||||511|502|
|Other||||||||||||
||Use of property|||||33,277||||33,277|34,013|
||Repayments|||||'l66||||166|277|
||Government<br>furlough|schemes|||||||||1.102|
|Total||||||246,623|21 442|2|440|270,505|245,651|
|Expenditure<br>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<br>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<br>&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<br>Funds|||||(8,808)|8,930||(122)|||
|||||||16,711|(66,093)|2,318||(47.065)|(55.176)|
|Other recognised Gains/(losses):||||||||||||
|Actuarial<br>gains/(losses)<br>on definedbenefit||||pension|||||||20,000|
|schemes||||||||||||
|Gain/Loss|on Fixtures. Fittings|& Equipment|||written|||||||
||off or revalued|||||||||||
|Net Movement<br>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<br>falling due within|1 year||Note 14|(13.613)|(23,411)|
||Net current assets or|||liabilities|240.926|229,776|
||Total assets less current<br>liabilities||||2,253.519|2,300,583|
|Creditors:|amounts<br>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|



## 



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## 

## 

|HERTFORD BAPTIST CHURCH<br>Notes to the accounts for the year ende|HERTFORD BAPTIST CHURCH<br>Notes to the accounts for the year ende|HERTFORD BAPTIST CHURCH<br>Notes to the accounts for the year ende|d 31 Decem|ber|
|---|---|---|---|---|
|The key financial assumptions<br>underlying<br>the valuation|||were as follows||
|RPI price inflation assumption||||320|
|CPI price inflation<br>assumption||||2.70|
|Minimum<br>Pensionable<br>Income|increase adjustment|(above CPI)||050|
|Assumed<br>investment<br>returns|||||
|-Pre-retirement<br>(gilt yield plus|1.75% pa)|||2.95|
|-Post retirement<br>(including<br>benefits matched<br>by the <br>policy) (gilt yield plus 0 54k pa)||insurance||1 70|
|Minimum<br>Pensionable<br>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<br>in Balance Sheet Liabilit|y|||||||
|---|---|---|---|---|---|---|---|
|Section 28.11Aof FRS102 requires|agreed|deficit recovery|payments|to|be recognised|as|a liability.|
|Tha movement<br>in the provision<br>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<br>paid||||(4391)|||(3,056)|
|Interest cost (recognised<br>in SoFA)||||||||
|Remaining<br>change to balance sheet <br>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<br>Church Activities|||94,382<br>7,261|461||94.382<br>7,722|64,594<br>7,409|
|Outreach<br>Activities|||3,581|3,875||7,456|19,213|
|Enabling<br>Actrvities|||41.744|||41,744|63,986|
|Bank charges|||90<br>175,367|73.195||90<br>248,562|253.569|
|2020 totals for umestricted.<br>restncted<br>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<br>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<br>Mission||||||s|a|
||Baptist Mome Mission (CBA)<br>Future Hope<br>Herfford Young Life||(I)<br>(t)<br>(1)|5.800<br>2.500<br>2.500|||5,800<br>2,500<br>2.500|6,116<br>3.125<br>1.875|
||Others||||||||
|||||10,800|||10800|11,116|
||2020 totals for unrestricted,<br>designated<br>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<br>(to support a<br>couple)<br>SIM (to support<br>1 person)<br>Interserve<br>(M LeRoy)<br>Matiza Family (2020 OM)||(1)<br>(1)<br>(1)<br>(1)|3.690<br>2,061<br>1,365<br>3,600|||3,690<br>2,061<br>1,365<br>3.600|3,690<br>2.061<br>1,365<br>2.440|
||I atin Link (W Davies)||(1)|1526<br>18662|16500||1 526<br>35162|20630|
||2020 totals for unrestricted,||||||||
||designated<br>and restricted|funds|(6)|18623||2007||20630|
||Future Mission||||||||
||Spurgeons<br>College<br>All Nations<br>Christian<br>College|||1,500<br>1.500|||1,500<br>1.500||
||Training<br>Support||||||||
|||||3000|||||
||2020 totals for unrestricted,||||||||
||designated<br>and restricted|funds|||||||
||Thankoffering<br>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<br>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<br>National<br>Mission||115,298|28,309|104955<br>10.800|248,562<br>10800|253 <br>11|569<br> 116|
|World Mission||||35162|35 162|20,630||
|Future Mission||||3000|3,00D|||
|Thankoffering||||6770|6.770|3,252||
|Special Appeals<br>Governance||||13275|13275|11|2t}2<br>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<br>and exp<br>personnel|enses and the cost of kay manageme|nt|
|---|---|---|
||2021|2020|
||8|8|
|Stipends, Expenses 8Wages<br>Social Security Costs|101.480<br>4.364|93.005<br>3.429|
|Pensions Costs|9444|8 182|
||115,298|104616|



## 

## 

|Average<br>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<br>Regular Orfsnngs<br>Speoal Gihs &Legaaes<br>Thankoffenng||||||152,497<br>1,967|2i 396<br>930|1|569|15249T<br>24,932<br>930|
||Gdt /ud recoverable||||||27.933|2921||250|31 114|
|Charitable ac(Miss<br>Invastrnenls<br>- bank inieresl|||||||284<br>502||||284<br>502|
|Other||||||||||||
||Use of property||||||34,013||||34.013|
||Repayments<br>Government<br>furlough|schemes|||||277<br>1102||||277<br>1 102|
|Total|||||||218.575|25247|1|829|245,651|
|Expend)turn<br>on:||||||||||||
|Chantsble|achwlies|||||||||||
||Local Mltilsti7||||||162,471|91098|||253,569|
||Support Casts||||||11,996||||11998|
||Grants payable<br>Nstronal<br>Mission||||||11116||||11.116|
||Wood Mission||||||18,623||2.007||20,630|
||Future Mission|||||||||||
||Thankoffenng<br>& 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<br>Funds||||||(19,332)|'(9332||||
||||||||(4,965)|(49771)|(440)||(55.1761|
|Other recognised Gains/(Losses}Gains||||&|(Losses)|||||||
|Actusnsl|gains/nossesl<br>on defined||beneht|pension||scheme|20000|||||
|Gain/Loss|cn 5xtures<br>fittings and equipment||||wntten|off or revalued||||||
|Nat Slovement<br>in Funds|||||||15035|/49 771)|(4401||(35176)|
|Reconciliation<br>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<br>&||
||||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<br>215,333|57<br>222 073|
|14.|Liabilities||||||||
||||||||2021|2020|
||||||||9|8|
||Payro 0 lrabilihes<br>Accruals||||||2 751<br>10862|5810<br>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<br>140.928|5390<br>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<br>Df Financial|A|ctivities fo|r th|e yea|r ended 3|Decembe|r 2021|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<br>- <br>-<br>Charitable|and legacies<br>Regular Offerings<br> Special Gifts &Lsgaoss<br>Thsnkoffsring<br>Gift Aid recoverable<br>Activities|||||146,636<br>27,335<br>35,572<br>1,125|13,690<br>4,350<br>3,402|2,095<br>265<br>80||148,636<br>43,120<br>4,350<br>39,239<br>1,205|152,497<br>24,932<br>930<br>31,114<br>284|
|Activities<br>- <br>-|which generate funds<br>Uss of property<br> Repayments<br> Bankinterest|||||33.27'/<br>166<br>511||||33,277<br>166<br>511|34,013<br>277<br>502|
|-|Government<br>furlough|schemes||||||||||
|Total||||||246,623|21,442|2,440||270,505|244,549|
|Expenditure<br>on:||||||||||||
|Charitable|Activities<br>Local Ministry<br>Governance<br>Costs|||||175,367<br>13,275|73.195|||248.562<br>13,275|253,569<br>11,998|
|- <br>- <br>-|Grants payable:<br> Nslional<br>Mission<br> World Mission<br>Future Mission<br> Thankoffering<br>&Special|||||10,600<br>18,662<br>3,000|16,500<br>6.770|||10800<br>35.162<br>3,000<br>6,770|11116<br>20.630<br>3,514|
|Total||||||221.104|96,465|||317.569|300,827|
|Net Income/(expenditure)<br>Transfers<br>between<br>funds||||||25,519<br>6,808<br>16.711|(75,023)<br>8,930<br>(66,093)|2.440<br>122<br>2.318||(47,065)<br>(47,064)|(56.278)<br>(56,278)|
|Actuarial<br>Gains/(losses)<br>on defined|||benefit pension||scheme||||||20,000|
|Net Movement<br>in Funds||||||16.711|(66,093)|2.318||(47,065)|(35,176)|
|Total Funds brought<br>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|