31 12 2021 **From** **Too** ## **Trustees' Annual Report for the period** Period start date Period end date 01 01 2021 **Too** 31 12 ## Section A Reference and administration details **Charity name** Pinhoe Road Baptist Church **Other names charity is known by** **Registered charity number (if any)** 1132000 > **Charity's principal address** Pinhoe Road Polsloe Bridge Exeter **Postcode** EX4 7HZ ## **Names of the charity trustees who manage the charity** |1
2
3
4
5
6|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee(if any)**| |---|---|---|---|---| ||Rev George Peter
Baker|Minister and Elder||Church Members’ Meeting| ||Mr Bruce
Macpherson|Elder||Church Members’ Meeting| ||Miss Shirley Anne
McDermott|Elder|1stJanuary-20thOctober
2021|Church Members’ Meeting| ||Mr Adrian Michael
Jackson|Elder||Church Members’ Meeting| ||Mr Gerald William
Hunt|Elder|1stJanuary-8thDecember
2021|Church Members’ Meeting| ||Mrs Penelope Jane
Acheson Watson|Elder|1stJanuary-8thDecember
2021|Church Members’ Meeting| ## **Names of the trustees for the charity, if any, (for example, any custodian trustees)** **Name Dates acted if not for whole year** Baptist Union Corporation Limited Baptist House PO Box 44 129 Broadway Didcot Oxfordshire OX11 8RT **TAR** **July 2022** 1 ## **Names and addresses of advisers (Optional information)** **Type of adviser Name Address** ## **Name of chief executive or names of senior staff members (Optional information)** ## **Section B Structure, governance and management** ## **Description of the charity’s trusts** Constitution (adopted 22[nd] October 2008 and amended 18[th] May 2011 and Type of governing document 10[th] June 2015 and 15[th] December 2020) (eg. trust deed, constitution) Unincorporated Association How the charity is constituted (eg. trust, association, company) Appointment by the church members’ meeting Trustee selection methods (eg. appointed by, elected by) ## **Additional governance issues (Optional information)** You **may choose** to include additional information, where relevant, about: - policies and procedures adopted for the induction and training of trustees; - the charity’s organisational structure and any wider network with which the charity works; - relationship with any related parties; - trustees’ consideration of major risks and the system and procedures to manage them. **TAR** **July 2022** 2 ## **Section C Objectives and activities** **Summary of the objects of the charity set out in its governing document** 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. In planning activities to meet its objectives, the trustees have had regard to the guidance issued by the Charity Commission on public benefit, and in particular the specific guidance on charities for the advancement of religion. The provision of regular services of public Christian worship is central to the church’s fulfilment of its primary purpose above. Regular in-person services resumed in October 2021 following the pandemic. These have been held on Sundays at 9.15am and 11am, and advertised on the church website www.prbc.org.uk. They have also been accessible online via a livestream. A programme for all ages of children and young people **Summary of the main** is included in the morning services. **activities undertaken for the public benefit in relation to** Occasional courses are run to enable anyone to explore what it means to **these objects (include within** be a Christian, and these are publicised during Sunday worship. **this section the statutory declaration that trustees have** The church also runs a number of small groups for development of faith **had regard to the guidance** and discipleship. These meet during the week in the homes of some **issued by the Charity** members and on church premises, and are advertised in the weekly **Commission on public** newsletter distributed by email to any wishing to receive it. **benefit)** The church has previously run Parent and Toddler sessions at the church premises to assist the local community and demonstrate the love of Jesus Christ. A club for children from the neighbourhood has run during the week. During 2021, these events did not take place. The church operates a safeguarding policy and ensures that all people working with children are appropriately vetted. A weekly coffee morning is run on church premises for older local residents and incorporates a monthly ‘Knit and Natter’ group. These resumed in autumn 2021 after stopping during the pandemic. **TAR** **July 2022** 3 **Additional details of objectives and activities (Optional information)** You **may choose** to include further statements, where relevant, about: - policy on grantmaking; - policy programme related investment; - contribution made by volunteers. ## Section D Achievements and erformance p **Summary of the main achievements of the charity during the year** The year began with the church still operating in the midst of the coronavirus pandemic. Our **Sunday morning worship services** remained online until we resumed in-person services in early October, this following a relaxation in restrictions due to the pandemic and the completion of our building project. On return to the building, we instigated a new pattern of two morning services at 9.15am and 11am, both accessible online via a livestream, and with content available to watch back later. The motivation for two services was threefold: to create room for growth, to give opportunity for those serving in one meeting to receive teaching at the other one, and to allow for greater social distancing for those appreciating it. We have seen the majority of previous attendees return to the congregation, along with a good number of newcomers, and a noticeable increase in the cultural and ethnic diversity of the congregation. In early 2021 we concluded the **teaching** series on Acts. This was followed by a topical series on the ‘Ruthless Elimination of Hurry’. Later we heard from the Old Testament books of Ezra and Nehemiah on the re-building of Jerusalem, followed by a trip through the New Testament letter of James. Once back to in-person services we focused on that fresh start with a series entitled ‘I’m In’. This led in to our pre-Christmas series. For **children and youth** , the usual range of groups on Sunday morning (crèche, Primary Sunday School and Junior Church, Encounter for teenagers) remained suspended for the pandemic in the first part of the year. The Primary Sunday School team continued producing ‘all-age’ videos while we met online. Since returning to the building, the various groups have resumed their activity and teaching programmes during the 11am service or, in the case of the teenagers, during the 9.15am service. Within the **small group programme** , a variety of groups continued to meet online and then in-person. We ran an online Alpha Course early in the year to help people explore the Christian faith. The Care Network team leader has stimulated practical pastoral care for those in various situations of need, including the effects of isolation due to the pandemic. The **membership** of the church stood at 110 at the end of 2021. The redevelopment of our **buildings** was a major step forward in 2021. The scheme, which cost £333k, has brought us a new front entrance, **TAR** **July 2022** 4 improved access to several refurbished meeting rooms and offices, and an upgraded car park with surrounding landscaped areas. The new facilities are much appreciated. ## **Section E Financial review** **Brief statement of the** **charity’s policy on reserves** The trustees aim is to maintain a working balance sufficient to be able to cover our legal financial commitments for a period of 6 months. This would include our Ministers salary, NI contributions and pension contributions plus covering utility bills for the Manse and the Church and to maintain adequate buildings insurance cover. The financial status at the end of 2021, going into 2022, was to have unrestricted funds available in the General Fund of at least £34,000. At the end of 2021 the balance of all funds was £49,051, of which £35,693 was present in the unrestricted General Fund. **Details of any funds materially** None **in deficit** ## **Further financial review details (Optional information)** You **may choose** to include additional information, where relevant about: - the charity’s principal sources of funds (including any fundraising); - how expenditure has supported the key objectives of the charity; - investment policy and objectives including any ethical investment policy adopted. ## **Section F Other optional information** **TAR** **July 2022** 5 Section G Declaration Tho trustsos doclaro that thoy havg approved tho trustsos, roport abova. Slgn•d on ￿half ofth• chaflty's trustses Slgnaturnlsl Full nam•lsl Posltlon leg Secrelary. Cholr, otc) George Peler Baker Minister Br¢Jc8 Macpherson Secretary ie July 2022 TAR July 2022 TAR July 2022 **Hugh S. Rodway 21 Maudlin Drive Teignmouth Devon TQ14 8RZ 01626 778328** Email: hughr@tiscali.co.uk ## **REPORT & FINDINGS OF EXAMINER TO THE TRUSTEES and DEACONS OF PINHOE ROAD BAPTIST CHURCH EXETER Of the Accounts for the year ending 31[st] December 2021** 23rd March 2022 I have carried out the examination of the accounts for the Church and make the following observations. ## **FORMAT of ACCOUNTS** The Management accounts which I have produced are in the form of _**Receipt and Payments**_ format, which provides an overview to the Trustees, Deacons and Church as to the Income and Expenditure in 2021 ## **PANDEMIC AFFECTING CHARITIES** There is no doubt that in 2021 some Churches and Charities suffered financially as a result of the pandemic particularly as Churches were forced to close and they switched to on-line streaming services. This also had a major effect on the amount of revenue received from outside organizations as rent for using the premises. ## **UPGRADING of the CHURCH PREMISES.** For many years the Church has been planning a major upgrade of the premises to make it more user friendly and in keeping with its current needs. At the start of the year there was a balance of £137K in a redevelopment building fund which had been accumulating as a result of generous donations and fund raising over a period of time. With the Church premises closed for many months due to the pandemic it proved an ideal time to proceed with the major work which cost £332K The balance was funded by using approx.£100K from the General Fund which on the 1[st] January had a balance of £131K The remainder was funded by a further £63K in donations and by using some money from the surplus in General Giving because the Church only had one Minister in situ for 2021 ## **GIFT AID** Since April 2016 the amount which can qualify for Small Cash Donations increased from £5000 to £8000 which means that the amount that Churches can claim has similarly increased from £1250.00 to £2000.00 pa and I am assured that the Church continues to make best use of this entitlement - _However only cash payments from individuals who are unable to complete a gift aided declaration are eligible for this entitlement and whilst it is encouraging that some contributors will have switched their contributions direct to the Bank account or by using cheques during the last year, neither of these methods qualify despite representations from charities to the HMRC_ ## **REGULAR INCOME** It is pleasing to report that at Pinhoe Road BC that there are many people who give their offertory directly through bank standing Order and I would **recommend** that even more people are encouraged to give by this method which provides a constant and regular stream of income (See new ways of giving) ## **BANKING** In 2021 the Church has continued to bank with CAF Bank, but with the reduction in the total funds and the charges imposed on every account, it has been decided to close the CAF Gold A/C with effect from 2022 which is attracting very little interest. Apart from a small amount left on deposit with the BUC ie.£1805.90, the investment accounts at Scottish Widows and Shawbrook accounts were closed.in order to resource for the building works ## **GENERAL OVERVIEW.** In accounting terms the Church made a loss of £224909 which is something of an artificial figure bearing in mind the amount spent on the building renovations. ## **RESTRICTED FUNDS** |**RESTRICTED FUNDS**|**RESTRICTED FUNDS**| |---|---| |I am pleased to note that my recommendation last year to close most of the restricted funds|| |which had very small balances in them was implemented which has resulted in just 3 remaining|| |which are|| |Building Fund/Fabric|11074.88| |Fellowship Fund
|2182.58| |Alpha|100.85| |**TOTAL**|**13358.31**| ## **DESIGNATED FUNDS** There are now no designated funds remembering that where a Church chooses to designate certain monies or transfer a certain amount of money into a particular fund for budgetary purposes, this is still classified as unrestricted money as it can equally chose to un-designate any such funds from time to time. ## **LIABILITIES** The only liability outstanding is the **Baptist Ministers Pension Fund** which has now reduced to **£48100** (£71700) Although there is no requirement to settle the amount which is now expected to decrease at a much slower pace and depends on market fluctuations it is still hopefully be cleared by 2028. The majority of Baptist Ministers are members of the Baptist Pension Scheme which until a few years ago operated a Defined Benefits Scheme for their retirement and their widows. In 2012 the deficit on the fund had increased to such a level that the Trustees took the decision to close that fund and change over to a Defined Contributions scheme for existing and new employees. ## **GIVING TO OTHER CAUSES** it is pleasing to report that the Church continues to be very generous in its support for other Missions including the Baptist denominations Home Mission Fund, and BMS World Vision in addition to some other National and local based charities. In addition contributions from individuals and supporters for other causes £2595 (£2635) The additional monies do not technically form part of the SOFA but I think it is important as well as good practice to still show these ## **RECONCILIATION of ACCOUNTS** I have had no difficulty reconciling the income and expenditure to the balances, and can affirm that the computer system agrees to that shown on the bank statements ## **PAYROLL** The Payroll of the Minister is handled in-house ## **FINANCIAL RESERVES POLICY** With the building work completed the General Fund has now been reduced to £35K and so the Church needs to ensure that it agrees an adequate Reserves Policy in place by which it should try not go below This is normally 6 months of the average expenditure of fixed costs and also the legal responsibilities relating to paid staff such as the Minister ## **CHURCHES, CHARITIES and INCORPORATION** More and more Churches have started the process of changing to CIO status and for the sake of completeness I once again reproduce that section of my report A CIO (Charitable Incorporated Organization) is a new form of legal structure that is now available to charities that want to incorporate and Baptist Together have produced two Guideline Leaflets C11 and C12 for Churches who may be considering this option, There are a number of advantages of adopting this status (eg. particularly protecting the Charity Trustees from Potential Personal Liability) but equally some disadvantages, as well as tricky areas such as Lease Backs. Endowments, Loans/Mortgages I understand that the Church has started the process of applying for CIIO status but with the Pandemic has caused some delays in getting all the necessary paperwork and approvals ready so that they can be submitted. It is invariable that this is almost certainly going to take some time so In order to avoid any additional costs such as having to prepare 2 sets of Annual Accounts, it is recommended that the new structure is put in place but not implemented until the close of the accounting year with the new Church charity operating from the first day of the subsequent year. ## **NEW WAYS of GIVING** Last year in my report I mentioned the New Ways of giving which are now being offered to Charities and Churches to keep pace with the changing life style of donors particularly in the younger generation which tend to use their mobile phones and IPADS to do most of their banking. In this context our Software suppliers have started to market MY GIVING APPS and CONTATCLESS donation terminals and although this may be some way off for many our Churches, I have no doubt that many of our larger congregations may well be considering introducing something similar in the next few years ## **SUMMARY** The Management accounts which are attached are once again in the form of _**Receipt and Payments**_ format, which provides the overview to the Trustees, Deacons and Church as to the Income and Expenditure in 2020 together with the closing balances, and I reproduced below the relevant section from the Charity Commission website. Independent examination at a glance To maintain public confidence in the work of charities, charity law requires most charities to have an external scrutiny of their accounts. Provided a charity is not required by law or its governing document to have an audit then trustees may choose a simpler and less expensive form of external scrutiny called an independent examination. For financial years ending on or after 31 March 2015, trustees may opt for an independent examination instead of an audit provided their charity’s gross income is not more than £1m, or where gross income exceeds £250,000, its gross assets are not more than £3.26 million. An independent examination is a simpler form of scrutiny than an audit but it still provides trustees, funders, beneficiaries, stakeholders and the public with an assurance that the accounts of the charity have been reviewed by an independent person. All charities with an income of more than £25,000 that opt not to have an audit must have to have an examination. Whether acting as a volunteer or being paid a fee for their work, the role of the independent examiner is important and they must follow certain steps in carrying out the examination and make a report to the trustees setting out particular matters once they have finished their examination. There is a process to be followed and separate guidance - Independent examination of charity accounts: examiners (CC32) - is available which takes the examiner through the Directions which set the procedures that the examiner must follow, explains their reporting duties and provides the examiner with practical advice at every stage. Whilst in most cases the examiner will be reviewing receipts and payments accounts and so will not need to be a qualified accountant to carry out a proper independent examination, the examiner still needs a certain level of ability and knowledge to undertake a competent examination and to set out their report in the way that is required by the 2008 Regulations. Where gross income is more than £250,000 charity law requires the examiner to be a member of a body listed in the Charities Act. In the event of a Church exceeding this figure (eg. when going through a major building project there is an option available where the Charity Commission can grant exemption for 1 or 2 years (although in 2021 it is only the expenditure which exceeds the £250,000 threshold. However if the income was to exceed £250,000 as a regular occurrence I would need to get the accounts signed off by someone who has the suitable qualification. Once the figures are adopted, they will need to be filed on the Charity Commission together with the reports as in previous years. I am grateful for Chris Gardner for making my task that much easier and it is good to report that the finances of the Church are in good shape, and one hopes that the decisions taken with regard to the upgrading of the premises will be seen to be of enormous benefit to all those who use the premises. Every blessing on your fellowship as we seek to return to something close to normality Hugh S Rodway CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of PINHOE ROAD BAPTIST CHURCH, EXETER On accounts for the year ended 31st December 2021 Charity Tro lif any) 11320 Set out on pages 14 I report to the tnjstees on my examination of the accounts of the above charityllhe Trust.) for the year ended 3111212020 Responslbiliti¢s and As the chanty trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance wf(h the requirements of the Charities Acl 2011 {Ihe Act.). I report in ￿Spect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charrty Commission under section 14515llb} of the Act. I have completed my examination. l ¢onfimi that no material matters have come to my attention (other than that disclosed below ') in connection with the examination which gives me cause to believe that in, any material respect.. accounting records were not kepl in accordan￿ wth section 130 of the Act or the accounts do not accord with the accounting records Independent examinerfs statement I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. ' Please delete the words in the brackets rfthey do not apply. Signed: Date: 22nd Marth 7022 Name: Hugh S Rodway Relevant professional qualificalionls) or body lif any): 21 Maudlin Drive Teignmouth Devon Address: TQ14 8RZ IER October 2018 Pinhoe Road Baptist Church 1132f Receipts and payments accounts Forthe porfod from Q110112021 31112Q021 Section A Receipts and payments Unfe8triGted lund8 Restricted lunds Et7dowmcnt lund8 Total lund Last year ID th• to thw r￿Mr￿st£ to n￿r#•t£ toth• n•aMt£ A1 R•c¢lpi• donatons 75.175 22.ts34 12.305 11S.77$ 35.104 22.316 13.070 10.011 13.5 15.599 750 20.516 Z.765 SthW0$hipIGAYE Gffta￿ stnal 10.863 4.625 101 101 Sub tot•l(Grt)ss incomè for AR) 121,865 190.17* A2 AS8•t and ltw8￿ment 8ale8, Isee tabltrl. Sub tot81 Tot•1 m¢￿p￿ 121.865 68.306 134.$96 A3P Stslhrw) 188 JJ9S 39,1 JJ95 3,114 8.513 712 Church Iif8- alL￿[S Church1rfe. bulld￿ng5- & mathtsnant Buildiw redEwd0wri￿t1￿frP lttutrÈath 157 2.161 14.006 332.97T 145 138,675 194,302 $9$ 1.487 •8.$08 350 18,251 16.281 Core- >Jts#fwJ am 4,421 218,028 4.421 410,C Sub tot•1 197,054 146.591 A4 Awt and inve¥lrnent ur¢ha8e8. table) Sub total 218,026 197,054 415.080 146,sg1 Net ofrocwptsl(payments) AS Trnnsfers between lunds A8 Cash fund8 last yoar ond ¢4sh funds thi¥ ygar ¢nd 96.161 12 131,842 35.693 128.748 224.909 11,99 142.119 13.359 273.961 49,052 285.956 273,961 CCKX R1 ￿Ounts (SSI Section B Statement of assets and liabilities at the end of the period Unr8Strlct8d fund8 to r4arnst£ Rest￿Ctod Endowment funds Categortes to noor￿£ B1 Cash funds C4F W XCQUM 32,¥7 11359 CAF C* Total cash fvnds 35,693 13,359 wxurf511 Umwtrfct•d funds towrnt£ Rt$trtcted funds to n￿r￿rtE 82 Othgr D￿n?￿ry Futldtowthlth Costl¢)pO B3 Inv•8trn•nt 4ts9ts Fundto*thich **tl*lon Co6tl¢*¢xaD B4 A￿•ts r•taln•d for th• charity's own u88 FundtOT*th*h Amountdu• B5 Liabiliti08 Bapts￿ min*Tr fiJ￿j 48,1tVJ &gned by onp ortsK trustees on beha￿01 811 th￿tr￿te8S Spjnature Print Name Date of roval 15 .S-zz CCXX R2 Issi 23103r2022 Pinhoe Road Baptist Church Financial Stalement for the Year ended 31 st De￿mber 2021 ICF14RITY REGISTRATION No.1132￿A] RECEIPTS & PAYMENTS ACCOU Note 2021 2020 GENERAL. GrftAKl8d l)onaikinsl11011 GENERAL- Non Grft Nided 111031 GENERAL Charity ISteward111051 GrftAJtt Small Donations111081 Lknaiw5 & Other In0￿ IRestn¢aedl Donatiorts & Other InC￿lUn￿￿￿odI TOTAL GIMNG" OTHER INCOME In¥eskn%nt InC￿e Tax r￿￿ver￿￿ on Grfb111411114211143 7517611 76057.97 8568.56 13599.12 750.00 11257.13 2856.37 113089.15 22033 $2 12305 45 1139.86 63681.25 101.08 1A 174437.27 245.86 991.34 20516 46 15488 00 TOTAL 1349J6.9 njl Gwing to Agenry ColkntionThr Cause$ 4b 2595 Ik) 2635.00 Slaff and Ministy M￿On 45894 57 18898.24 347539.78 2747.54 49333.LNJ 22310.12 67801.92 Uthaep ofthurth pramws AdminislAb' 7146.63 TOTAL 415080.13 146591.67 surp￿￿5 IdefKitl fortrE year BBLqnr* brought for%Yafd bank ar£oun Ba￿nce Car￿d f(￿ard -2249C9 00 273960.65 -1199472 285955.37 490S1.65 273960.65 Balan¢e¥ As abov Bullying Furjd No.2 Ch[￿￿On Endeavour Fund FeIk￿hp Jun•)n Cthufch Fu• Church Fund Youth S*emarrlT¢thJkrs EvarrfjeI￿al C pha Restrict8d 11074 85 137610. 2182.58 4182 58 7.39 156.94 78.26 7r50 142118.93 100.85 13358.31 Totals of Resthcted Funds Total of G￿Tal Fund IUnfestrict•dl TOTAL of ALL FVNDS 35693.34 49051.65 131841.72 273960.65 STATEMENT OF A88ETS AND LIABIUTIE8 AT 3fat DECEMBER BanlK and other cash baJarKEs.' 49051.65 273922.65 Non Mor• Assets 10 2977510.00 1422500.00 LIABILITIES Baptist Ministers Pension Fund 48100.00 71700.00 2020 la. Donatknn andothÈrlnts)me.'lfte5tviadl 1307000 5027.13 425.53 781.65 Gift8idltesirth1111 chaityVrrtKknIwK￿I11Ofj 4230.00 Primary[1351￿¢￿the1l34oI 1136.69 842.89 10011 25 94.91 153.9 6W81 25 Fthal13451+ CAP LifèthlW13181 829.e8 1￿7.12 124 35 Ib(kI￿Incorne". Iunrtstrictedl H￿1 Hir*rwthsi1151} ￿￿e(lIe1? FLrt {13e3} Worshipikn113641 (m*¥T￿￿1￿ma1u1*l1Jll1 PrAS*￿#¢I1342l 2765.00 101 08 9137 241.78 114U7 101 08 2856 37 12500 295.e9 5954 12 3801.82 2. lftvestment Intoffie.. Bank fftiuew11￿l BUC Int•11trdl 243.91 705 Ug 286 25 bt¥J. T￿+WaleT{l2T11 3￿5 51 5we6 245 89 991 34 750e.07 $0197 29 rJO12e1} WwiJN13011 Buibjw R£thY0￿(138S} 3385.78 3315 08 2020 245.28 332977.14 7582 È HThlknicrf14111 14011 ISCSl14811 114351 E A& B.U SuW141S1 87eo.00 e940.00 347539 78 67901 92 87eo.c 135600 1328 Adm￿ ExpB•1291} &)tKgl&C¥tsnrwJl13301 I￿¢*￿￿)J￿¢t39l} B8nk¢hawl13921 Caè Nettth113431 rrJpAI1344) B15 26 135800 1328.fy) 449.51 647 24 e32.30 1105.00 197900 1940 90.00 18898 24 18508.30 117.QO 14332B 5410 12 40A)) 27475¢ 7148.63 SMIWork •. Wk a￿}￿Ica￿h bak 55.00 5500 Baptst UniLm C￿a￿￿(l3$1) CAF iWJ5.9) 86782.87 Shws loy).￿} ILW.LK) 400Q F GOLDNC 46245.7S 93130.44 20337.30 Sha￿*￿X)k9od￿AutyJnlCAF n711.04 25gS 00 2635 Tclair 21493.24 Z1143.30 TOTALASSETS 4￿￿1.65 2T3961.65 5. Staff & m￿l9￿Y PL4plsUW￿l261I k*nW3stip&il1201} ChL¥¢h Nl ttJnknw1211112311 a￿tse Heal & hth12131 Bapbst Penshm t￿{%211) Per￿￿ CcrtWmthrfAssk*nt1212X12331 SIR￿e￿p￿￿{%25%} lknselMths112721 Pknse Pg9trrf1273) mWrye￿r￿l%lYIl241I As%oate Pas*r thrKJIT¥x11242) A￿CIate Pastor SIVth1112Z11 1686 13 15(6.47 2e6e2.31 25894.36 44)51 65 297001.74 1319 94 HdtytsCburc** use. 4473.00 329670 Thechutth ￿￿etsenerth 3T21.88 3189 1S tytheChurcW51rnSIBe West BspbstTw51 C￿￿t￿l 2W21 4284 83.2S W￿2r2￿20 1099 17 1753.43 Orwed Y￿Ue> utthrn8nselin5ured va￿> fithrys ￿L*l 887.55 J91529. 17￿. 874.1J 1e598t 00 52500 ¥d7.38 2977510 CM) 14225￿ 3059.48 4992.40 11. Li*dth95 lrfaFOKablèl #l CutrBn* bl Pensbn Fund In￿ty Res￿1(*(13701 Corrfer￿ Ftsg1321} Pasthl Expg11253} 80.33 100 00 315.00 4e100.00 71700 00 4D6 29 3990045 49333.00 Trea￿(￿ts•￿j yetrrtrt(In pag8511 & 2) rdatiw to￿*￿r￿l￿O 31st Dec￿t￿￿O21 Ar•a$8lVty*tyI￿Tw5*e Swjrth ," rty 6-aJ SVJ /. ## **NOTES TO THE ACCOUNTS** ## **Summary** Total income was £190k (135k 2020); total spend including Building Redevelopment was £415k (147k 2020) which utilised £225k of reserves, ending the year with £49k in reserves. ## **Income (Receipts)** Giving to the general fund was £122k (£124k in 2020), which despite the impact of Covid 19 pandemic almost equalled the previous year. Giving to the MTP exceeded £63k, which indicates the generosity of members and their commitment to improving the premises for community engagement, ministry and mission. Gift aid donations Gift aid donations (£75k) were broadly in line with 2020 (£76k). Tax recovered was £15k (£21k in 2020), due to only one claim being made in the financial year. ## **Expenditure (Payments)** The church building was closed for the majority of the year which resulted in greatly reduced expenditure on heating, cleaning and church life activities. With no SWYM worker and one minister, the underspend on the general fund was £38k. Ministry Transformation Project (MTP) |The MTP Phase 1 included the new entrance foyer, refurbished offices, the creation of a flexible space and prayer
room and resurfaced car park. The funding for the projectis set out below:
Funding source
£000
Brought forward balance in bld
redevelopment
137
Transfer from general fund
88
Budget @ January 2021
225
Appeal giving plus gift aid
58
Underspend in 2021 (transfer from general
fund)
38
Total funding
321
(Note: excludes £10k donation for toilets)
Breakdown of costs
£000
Original Ellis & Clark contract
188
Variations (additional work)
112
Sub-total Ellis & Clark 2021
300
Other contractors
16
Furniture and equipment
5
**Total MTP**
321
Jarman Ward project management
12|The MTP Phase 1 included the new entrance foyer, refurbished offices, the creation of a flexible space and prayer
room and resurfaced car park. The funding for the projectis set out below:
Funding source
£000
Brought forward balance in bld
redevelopment
137
Transfer from general fund
88
Budget @ January 2021
225
Appeal giving plus gift aid
58
Underspend in 2021 (transfer from general
fund)
38
Total funding
321
(Note: excludes £10k donation for toilets)
Breakdown of costs
£000
Original Ellis & Clark contract
188
Variations (additional work)
112
Sub-total Ellis & Clark 2021
300
Other contractors
16
Furniture and equipment
5
**Total MTP**
321
Jarman Ward project management
12| |---|---| |Funding source|£000| |Brought forward balance in bld
redevelopment|137| |Transfer from general fund|88| |Budget @ January 2021|225| ||| |Appeal giving plus gift aid|58| |Underspend in 2021 (transfer from general
fund)|38| |Total funding|321| |(Note: excludes £10k donation for toilets)|| ||| |Breakdown of costs|£000| |Original Ellis & Clark contract|188| |Variations (additional work)|112| |Sub-total Ellis & Clark 2021|300| ||| |Other contractors|16| |Furniture and equipment|5| |**Total MTP**|321| |Jarman Ward project management|12| Further costs from Ellis & Clark are due in 2022: the final valuation of £3458 and the 2.5% retention of £7500. Restricted and designated funds The majority of expenditure goes through the General Fund and department heads have expenditure budgets covering their activities. Church members are encouraged to give to the General Fund rather than donations for ‘restricted’ purposes. The year ended with three restricted funds: |‘restricted’ purposes.
The year ended with three restricted funds:|| |---|---| |Building redevelopment|11075| |Fellowship (hardship)|2183| |Alpha|101| ## **Assets and Liabilities** Cash held in bank accounts totalled £49k. The church’s reserve figure in 2021 was £34k. The buildings, which are owned by the Baptist Union, are shown at their current insured value for information only. In terms of liabilities, the main debt relates to the Baptist pension fund which now stands at £48k. C Gardner Treasurer **Hugh S. Rodway 21 Maudlin Drive Teignmouth Devon TQ14 8RZ 01626 778328** Email: hughr@tiscali.co.uk ## **REPORT & FINDINGS OF EXAMINER TO THE TRUSTEES and DEACONS OF PINHOE ROAD BAPTIST CHURCH EXETER Of the Accounts for the year ending 31[st] December 2021** 23rd March 2022 I have carried out the examination of the accounts for the Church and make the following observations. ## **FORMAT of ACCOUNTS** The Management accounts which I have produced are in the form of _**Receipt and Payments**_ format, which provides an overview to the Trustees, Deacons and Church as to the Income and Expenditure in 2021 ## **PANDEMIC AFFECTING CHARITIES** There is no doubt that in 2021 some Churches and Charities suffered financially as a result of the pandemic particularly as Churches were forced to close and they switched to on-line streaming services. This also had a major effect on the amount of revenue received from outside organizations as rent for using the premises. ## **UPGRADING of the CHURCH PREMISES.** For many years the Church has been planning a major upgrade of the premises to make it more user friendly and in keeping with its current needs. At the start of the year there was a balance of £137K in a redevelopment building fund which had been accumulating as a result of generous donations and fund raising over a period of time. With the Church premises closed for many months due to the pandemic it proved an ideal time to proceed with the major work which cost £332K The balance was funded by using approx.£100K from the General Fund which on the 1[st] January had a balance of £131K The remainder was funded by a further £63K in donations and by using some money from the surplus in General Giving because the Church only had one Minister in situ for 2021 ## **GIFT AID** Since April 2016 the amount which can qualify for Small Cash Donations increased from £5000 to £8000 which means that the amount that Churches can claim has similarly increased from £1250.00 to £2000.00 pa and I am assured that the Church continues to make best use of this entitlement - _However only cash payments from individuals who are unable to complete a gift aided declaration are eligible for this entitlement and whilst it is encouraging that some contributors will have switched their contributions direct to the Bank account or by using cheques during the last year, neither of these methods qualify despite representations from charities to the HMRC_ ## **REGULAR INCOME** It is pleasing to report that at Pinhoe Road BC that there are many people who give their offertory directly through bank standing Order and I would **recommend** that even more people are encouraged to give by this method which provides a constant and regular stream of income (See new ways of giving) ## **BANKING** In 2021 the Church has continued to bank with CAF Bank, but with the reduction in the total funds and the charges imposed on every account, it has been decided to close the CAF Gold A/C with effect from 2022 which is attracting very little interest. Apart from a small amount left on deposit with the BUC ie.£1805.90, the investment accounts at Scottish Widows and Shawbrook accounts were closed.in order to resource for the building works ## **GENERAL OVERVIEW.** In accounting terms the Church made a loss of £224909 which is something of an artificial figure bearing in mind the amount spent on the building renovations. ## **RESTRICTED FUNDS** |**RESTRICTED FUNDS**|**RESTRICTED FUNDS**| |---|---| |I am pleased to note that my recommendation last year to close most of the restricted funds|| |which had very small balances in them was implemented which has resulted in just 3 remaining|| |which are|| |Building Fund/Fabric|11074.88| |Fellowship Fund
|2182.58| |Alpha|100.85| |**TOTAL**|**13358.31**| ## **DESIGNATED FUNDS** There are now no designated funds remembering that where a Church chooses to designate certain monies or transfer a certain amount of money into a particular fund for budgetary purposes, this is still classified as unrestricted money as it can equally chose to un-designate any such funds from time to time. ## **LIABILITIES** The only liability outstanding is the **Baptist Ministers Pension Fund** which has now reduced to **£48100** (£71700) Although there is no requirement to settle the amount which is now expected to decrease at a much slower pace and depends on market fluctuations it is still hopefully be cleared by 2028. The majority of Baptist Ministers are members of the Baptist Pension Scheme which until a few years ago operated a Defined Benefits Scheme for their retirement and their widows. In 2012 the deficit on the fund had increased to such a level that the Trustees took the decision to close that fund and change over to a Defined Contributions scheme for existing and new employees. ## **GIVING TO OTHER CAUSES** it is pleasing to report that the Church continues to be very generous in its support for other Missions including the Baptist denominations Home Mission Fund, and BMS World Vision in addition to some other National and local based charities. In addition contributions from individuals and supporters for other causes £2595 (£2635) The additional monies do not technically form part of the SOFA but I think it is important as well as good practice to still show these ## **RECONCILIATION of ACCOUNTS** I have had no difficulty reconciling the income and expenditure to the balances, and can affirm that the computer system agrees to that shown on the bank statements ## **PAYROLL** The Payroll of the Minister is handled in-house ## **FINANCIAL RESERVES POLICY** With the building work completed the General Fund has now been reduced to £35K and so the Church needs to ensure that it agrees an adequate Reserves Policy in place by which it should try not go below This is normally 6 months of the average expenditure of fixed costs and also the legal responsibilities relating to paid staff such as the Minister ## **CHURCHES, CHARITIES and INCORPORATION** More and more Churches have started the process of changing to CIO status and for the sake of completeness I once again reproduce that section of my report A CIO (Charitable Incorporated Organization) is a new form of legal structure that is now available to charities that want to incorporate and Baptist Together have produced two Guideline Leaflets C11 and C12 for Churches who may be considering this option, There are a number of advantages of adopting this status (eg. particularly protecting the Charity Trustees from Potential Personal Liability) but equally some disadvantages, as well as tricky areas such as Lease Backs. Endowments, Loans/Mortgages I understand that the Church has started the process of applying for CIIO status but with the Pandemic has caused some delays in getting all the necessary paperwork and approvals ready so that they can be submitted. It is invariable that this is almost certainly going to take some time so In order to avoid any additional costs such as having to prepare 2 sets of Annual Accounts, it is recommended that the new structure is put in place but not implemented until the close of the accounting year with the new Church charity operating from the first day of the subsequent year. ## **NEW WAYS of GIVING** Last year in my report I mentioned the New Ways of giving which are now being offered to Charities and Churches to keep pace with the changing life style of donors particularly in the younger generation which tend to use their mobile phones and IPADS to do most of their banking. In this context our Software suppliers have started to market MY GIVING APPS and CONTATCLESS donation terminals and although this may be some way off for many our Churches, I have no doubt that many of our larger congregations may well be considering introducing something similar in the next few years ## **SUMMARY** The Management accounts which are attached are once again in the form of _**Receipt and Payments**_ format, which provides the overview to the Trustees, Deacons and Church as to the Income and Expenditure in 2020 together with the closing balances, and I reproduced below the relevant section from the Charity Commission website. Independent examination at a glance To maintain public confidence in the work of charities, charity law requires most charities to have an external scrutiny of their accounts. Provided a charity is not required by law or its governing document to have an audit then trustees may choose a simpler and less expensive form of external scrutiny called an independent examination. For financial years ending on or after 31 March 2015, trustees may opt for an independent examination instead of an audit provided their charity’s gross income is not more than £1m, or where gross income exceeds £250,000, its gross assets are not more than £3.26 million. An independent examination is a simpler form of scrutiny than an audit but it still provides trustees, funders, beneficiaries, stakeholders and the public with an assurance that the accounts of the charity have been reviewed by an independent person. All charities with an income of more than £25,000 that opt not to have an audit must have to have an examination. Whether acting as a volunteer or being paid a fee for their work, the role of the independent examiner is important and they must follow certain steps in carrying out the examination and make a report to the trustees setting out particular matters once they have finished their examination. There is a process to be followed and separate guidance - Independent examination of charity accounts: examiners (CC32) - is available which takes the examiner through the Directions which set the procedures that the examiner must follow, explains their reporting duties and provides the examiner with practical advice at every stage. Whilst in most cases the examiner will be reviewing receipts and payments accounts and so will not need to be a qualified accountant to carry out a proper independent examination, the examiner still needs a certain level of ability and knowledge to undertake a competent examination and to set out their report in the way that is required by the 2008 Regulations. Where gross income is more than £250,000 charity law requires the examiner to be a member of a body listed in the Charities Act. In the event of a Church exceeding this figure (eg. when going through a major building project there is an option available where the Charity Commission can grant exemption for 1 or 2 years (although in 2021 it is only the expenditure which exceeds the £250,000 threshold. However if the income was to exceed £250,000 as a regular occurrence I would need to get the accounts signed off by someone who has the suitable qualification. Once the figures are adopted, they will need to be filed on the Charity Commission together with the reports as in previous years. I am grateful for Chris Gardner for making my task that much easier and it is good to report that the finances of the Church are in good shape, and one hopes that the decisions taken with regard to the upgrading of the premises will be seen to be of enormous benefit to all those who use the premises. Every blessing on your fellowship as we seek to return to something close to normality Hugh S Rodway CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of PINHOE ROAD BAPTIST CHURCH, EXETER On accounts for the year ended 31st December 2021 Charity Tro lif any) 11320 Set out on pages 14 I report to the tnjstees on my examination of the accounts of the above charityllhe Trust.) for the year ended 3111212020 Responslbiliti¢s and As the chanty trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance wf(h the requirements of the Charities Acl 2011 {Ihe Act.). I report in ￿Spect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charrty Commission under section 14515llb} of the Act. I have completed my examination. l ¢onfimi that no material matters have come to my attention (other than that disclosed below ') in connection with the examination which gives me cause to believe that in, any material respect.. accounting records were not kepl in accordan￿ wth section 130 of the Act or the accounts do not accord with the accounting records Independent examinerfs statement I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. ' Please delete the words in the brackets rfthey do not apply. Signed: Date: 22nd Marth 7022 Name: Hugh S Rodway Relevant professional qualificalionls) or body lif any): 21 Maudlin Drive Teignmouth Devon Address: TQ14 8RZ IER October 2018 Pinhoe Road Baptist Church 1132f Receipts and payments accounts Forthe porfod from Q110112021 31112Q021 Section A Receipts and payments Unfe8triGted lund8 Restricted lunds Et7dowmcnt lund8 Total lund Last year ID th• to thw r￿Mr￿st£ to n￿r#•t£ toth• n•aMt£ A1 R•c¢lpi• donatons 75.175 22.ts34 12.305 11S.77$ 35.104 22.316 13.070 10.011 13.5 15.599 750 20.516 Z.765 SthW0$hipIGAYE Gffta￿ stnal 10.863 4.625 101 101 Sub tot•l(Grt)ss incomè for AR) 121,865 190.17* A2 AS8•t and ltw8￿ment 8ale8, Isee tabltrl. Sub tot81 Tot•1 m¢￿p￿ 121.865 68.306 134.$96 A3P Stslhrw) 188 JJ9S 39,1 JJ95 3,114 8.513 712 Church Iif8- alL￿[S Church1rfe. bulld￿ng5- & mathtsnant Buildiw redEwd0wri￿t1￿frP lttutrÈath 157 2.161 14.006 332.97T 145 138,675 194,302 $9$ 1.487 •8.$08 350 18,251 16.281 Core- >Jts#fwJ am 4,421 218,028 4.421 410,C Sub tot•1 197,054 146.591 A4 Awt and inve¥lrnent ur¢ha8e8. table) Sub total 218,026 197,054 415.080 146,sg1 Net ofrocwptsl(payments) AS Trnnsfers between lunds A8 Cash fund8 last yoar ond ¢4sh funds thi¥ ygar ¢nd 96.161 12 131,842 35.693 128.748 224.909 11,99 142.119 13.359 273.961 49,052 285.956 273,961 CCKX R1 ￿Ounts (SSI Section B Statement of assets and liabilities at the end of the period Unr8Strlct8d fund8 to r4arnst£ Rest￿Ctod Endowment funds Categortes to noor￿£ B1 Cash funds C4F W XCQUM 32,¥7 11359 CAF C* Total cash fvnds 35,693 13,359 wxurf511 Umwtrfct•d funds towrnt£ Rt$trtcted funds to n￿r￿rtE 82 Othgr D￿n?￿ry Futldtowthlth Costl¢)pO B3 Inv•8trn•nt 4ts9ts Fundto*thich **tl*lon Co6tl¢*¢xaD B4 A￿•ts r•taln•d for th• charity's own u88 FundtOT*th*h Amountdu• B5 Liabiliti08 Bapts￿ min*Tr fiJ￿j 48,1tVJ &gned by onp ortsK trustees on beha￿01 811 th￿tr￿te8S Spjnature Print Name Date of roval 15 .S-zz CCXX R2 Issi 23103r2022 Pinhoe Road Baptist Church Financial Stalement for the Year ended 31 st De￿mber 2021 ICF14RITY REGISTRATION No.1132￿A] RECEIPTS & PAYMENTS ACCOU Note 2021 2020 GENERAL. GrftAKl8d l)onaikinsl11011 GENERAL- Non Grft Nided 111031 GENERAL Charity ISteward111051 GrftAJtt Small Donations111081 Lknaiw5 & Other In0￿ IRestn¢aedl Donatiorts & Other InC￿lUn￿￿￿odI TOTAL GIMNG" OTHER INCOME In¥eskn%nt InC￿e Tax r￿￿ver￿￿ on Grfb111411114211143 7517611 76057.97 8568.56 13599.12 750.00 11257.13 2856.37 113089.15 22033 $2 12305 45 1139.86 63681.25 101.08 1A 174437.27 245.86 991.34 20516 46 15488 00 TOTAL 1349J6.9 njl Gwing to Agenry ColkntionThr Cause$ 4b 2595 Ik) 2635.00 Slaff and Ministy M￿On 45894 57 18898.24 347539.78 2747.54 49333.LNJ 22310.12 67801.92 Uthaep ofthurth pramws AdminislAb' 7146.63 TOTAL 415080.13 146591.67 surp￿￿5 IdefKitl fortrE year BBLqnr* brought for%Yafd bank ar£oun Ba￿nce Car￿d f(￿ard -2249C9 00 273960.65 -1199472 285955.37 490S1.65 273960.65 Balan¢e¥ As abov Bullying Furjd No.2 Ch[￿￿On Endeavour Fund FeIk￿hp Jun•)n Cthufch Fu• Church Fund Youth S*emarrlT¢thJkrs EvarrfjeI￿al C pha Restrict8d 11074 85 137610. 2182.58 4182 58 7.39 156.94 78.26 7r50 142118.93 100.85 13358.31 Totals of Resthcted Funds Total of G￿Tal Fund IUnfestrict•dl TOTAL of ALL FVNDS 35693.34 49051.65 131841.72 273960.65 STATEMENT OF A88ETS AND LIABIUTIE8 AT 3fat DECEMBER BanlK and other cash baJarKEs.' 49051.65 273922.65 Non Mor• Assets 10 2977510.00 1422500.00 LIABILITIES Baptist Ministers Pension Fund 48100.00 71700.00 2020 la. Donatknn andothÈrlnts)me.'lfte5tviadl 1307000 5027.13 425.53 781.65 Gift8idltesirth1111 chaityVrrtKknIwK￿I11Ofj 4230.00 Primary[1351￿¢￿the1l34oI 1136.69 842.89 10011 25 94.91 153.9 6W81 25 Fthal13451+ CAP LifèthlW13181 829.e8 1￿7.12 124 35 Ib(kI￿Incorne". Iunrtstrictedl H￿1 Hir*rwthsi1151} ￿￿e(lIe1? FLrt {13e3} Worshipikn113641 (m*¥T￿￿1￿ma1u1*l1Jll1 PrAS*￿#¢I1342l 2765.00 101 08 9137 241.78 114U7 101 08 2856 37 12500 295.e9 5954 12 3801.82 2. lftvestment Intoffie.. Bank fftiuew11￿l BUC Int•11trdl 243.91 705 Ug 286 25 bt¥J. T￿+WaleT{l2T11 3￿5 51 5we6 245 89 991 34 750e.07 $0197 29 rJO12e1} WwiJN13011 Buibjw R£thY0￿(138S} 3385.78 3315 08 2020 245.28 332977.14 7582 È HThlknicrf14111 14011 ISCSl14811 114351 E A& B.U SuW141S1 87eo.00 e940.00 347539 78 67901 92 87eo.c 135600 1328 Adm￿ ExpB•1291} &)tKgl&C¥tsnrwJl13301 I￿¢*￿￿)J￿¢t39l} B8nk¢hawl13921 Caè Nettth113431 rrJpAI1344) B15 26 135800 1328.fy) 449.51 647 24 e32.30 1105.00 197900 1940 90.00 18898 24 18508.30 117.QO 14332B 5410 12 40A)) 27475¢ 7148.63 SMIWork •. Wk a￿}￿Ica￿h bak 55.00 5500 Baptst UniLm C￿a￿￿(l3$1) CAF iWJ5.9) 86782.87 Shws loy).￿} ILW.LK) 400Q F GOLDNC 46245.7S 93130.44 20337.30 Sha￿*￿X)k9od￿AutyJnlCAF n711.04 25gS 00 2635 Tclair 21493.24 Z1143.30 TOTALASSETS 4￿￿1.65 2T3961.65 5. Staff & m￿l9￿Y PL4plsUW￿l261I k*nW3stip&il1201} ChL¥¢h Nl ttJnknw1211112311 a￿tse Heal & hth12131 Bapbst Penshm t￿{%211) Per￿￿ CcrtWmthrfAssk*nt1212X12331 SIR￿e￿p￿￿{%25%} lknselMths112721 Pknse Pg9trrf1273) mWrye￿r￿l%lYIl241I As%oate Pas*r thrKJIT¥x11242) A￿CIate Pastor SIVth1112Z11 1686 13 15(6.47 2e6e2.31 25894.36 44)51 65 297001.74 1319 94 HdtytsCburc** use. 4473.00 329670 Thechutth ￿￿etsenerth 3T21.88 3189 1S tytheChurcW51rnSIBe West BspbstTw51 C￿￿t￿l 2W21 4284 83.2S W￿2r2￿20 1099 17 1753.43 Orwed Y￿Ue> utthrn8nselin5ured va￿> fithrys ￿L*l 887.55 J91529. 17￿. 874.1J 1e598t 00 52500 ¥d7.38 2977510 CM) 14225￿ 3059.48 4992.40 11. Li*dth95 lrfaFOKablèl #l CutrBn* bl Pensbn Fund In￿ty Res￿1(*(13701 Corrfer￿ Ftsg1321} Pasthl Expg11253} 80.33 100 00 315.00 4e100.00 71700 00 4D6 29 3990045 49333.00 Trea￿(￿ts•￿j yetrrtrt(In pag8511 & 2) rdatiw to￿*￿r￿l￿O 31st Dec￿t￿￿O21 Ar•a$8lVty*tyI￿Tw5*e Swjrth ," rty 6-aJ SVJ /. ## **NOTES TO THE ACCOUNTS** ## **Summary** Total income was £190k (135k 2020); total spend including Building Redevelopment was £415k (147k 2020) which utilised £225k of reserves, ending the year with £49k in reserves. ## **Income (Receipts)** Giving to the general fund was £122k (£124k in 2020), which despite the impact of Covid 19 pandemic almost equalled the previous year. Giving to the MTP exceeded £63k, which indicates the generosity of members and their commitment to improving the premises for community engagement, ministry and mission. Gift aid donations Gift aid donations (£75k) were broadly in line with 2020 (£76k). Tax recovered was £15k (£21k in 2020), due to only one claim being made in the financial year. ## **Expenditure (Payments)** The church building was closed for the majority of the year which resulted in greatly reduced expenditure on heating, cleaning and church life activities. With no SWYM worker and one minister, the underspend on the general fund was £38k. Ministry Transformation Project (MTP) |The MTP Phase 1 included the new entrance foyer, refurbished offices, the creation of a flexible space and prayer
room and resurfaced car park. The funding for the projectis set out below:
Funding source
£000
Brought forward balance in bld
redevelopment
137
Transfer from general fund
88
Budget @ January 2021
225
Appeal giving plus gift aid
58
Underspend in 2021 (transfer from general
fund)
38
Total funding
321
(Note: excludes £10k donation for toilets)
Breakdown of costs
£000
Original Ellis & Clark contract
188
Variations (additional work)
112
Sub-total Ellis & Clark 2021
300
Other contractors
16
Furniture and equipment
5
**Total MTP**
321
Jarman Ward project management
12|The MTP Phase 1 included the new entrance foyer, refurbished offices, the creation of a flexible space and prayer
room and resurfaced car park. The funding for the projectis set out below:
Funding source
£000
Brought forward balance in bld
redevelopment
137
Transfer from general fund
88
Budget @ January 2021
225
Appeal giving plus gift aid
58
Underspend in 2021 (transfer from general
fund)
38
Total funding
321
(Note: excludes £10k donation for toilets)
Breakdown of costs
£000
Original Ellis & Clark contract
188
Variations (additional work)
112
Sub-total Ellis & Clark 2021
300
Other contractors
16
Furniture and equipment
5
**Total MTP**
321
Jarman Ward project management
12| |---|---| |Funding source|£000| |Brought forward balance in bld
redevelopment|137| |Transfer from general fund|88| |Budget @ January 2021|225| ||| |Appeal giving plus gift aid|58| |Underspend in 2021 (transfer from general
fund)|38| |Total funding|321| |(Note: excludes £10k donation for toilets)|| ||| |Breakdown of costs|£000| |Original Ellis & Clark contract|188| |Variations (additional work)|112| |Sub-total Ellis & Clark 2021|300| ||| |Other contractors|16| |Furniture and equipment|5| |**Total MTP**|321| |Jarman Ward project management|12| Further costs from Ellis & Clark are due in 2022: the final valuation of £3458 and the 2.5% retention of £7500. Restricted and designated funds The majority of expenditure goes through the General Fund and department heads have expenditure budgets covering their activities. Church members are encouraged to give to the General Fund rather than donations for ‘restricted’ purposes. The year ended with three restricted funds: |‘restricted’ purposes.
The year ended with three restricted funds:|| |---|---| |Building redevelopment|11075| |Fellowship (hardship)|2183| |Alpha|101| ## **Assets and Liabilities** Cash held in bank accounts totalled £49k. The church’s reserve figure in 2021 was £34k. The buildings, which are owned by the Baptist Union, are shown at their current insured value for information only. In terms of liabilities, the main debt relates to the Baptist pension fund which now stands at £48k. C Gardner Treasurer