2022-03-31-accounts - Trinity Baptist Church

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Charity information
Trustees' Annual Report		2-9
Statement oftrusteess'	responsibilities		10
Independent auditor's	report	11-	12
Funds Statements:-
Statement of Financial	Activities		13
Movements in funds			14
Revenue Funds			14
Balance sheet		15-	16
Notes to the accounts		17-	24
Income and Expenditure	analysis	25-	28

fully detailed in the a	ccounts, can be summarised	as follows:-
		2022	2021
			6
Net income		245,080	165,886
Unrestricted Revenue Funds available for the general purposes ofthe charity		3,542,479	3,297,399
Unrestricted revaluation reserve		1,421,648	1,421,648
Total Unrestricted	Funds	4,964,127	4,719,047
Restricted Revenue	Funds	31,034	31,034
Total Funds		4,995,161	4,750,081

Statement ofFinanc	ial Activ	ities for the year	ended 31March	2022
		Current year	Current year	Current year	Prior Year
		Unrestricted	Rsstrictsd	TotslFunds	TctslFunds
		Funrls	Funds
		2S22		2022	2021
		6		6	6
Income &Endowments	from:
Donations &Legacies		1,272,819		1,272,819	1,102,998
Investments		46			113
Total income		1,272.865		1,272,885	1,103,111
Expenditure on:
Charitable activities		1,027,765		1,027,785	937,225
Total expenditure		1,027,785		1,027,785	937,225
Net income for the year		245,080		245,080	165,886
Net income after transfers		245,080		245,060	165,686
Net movement in funds		245,080		245,080	165,886
Reconciliation offunds:-
Total funds brought forward		4,719,047	31,034	4,750,081	4,584,195
Total funds carried forward		4,964,127	31,034	4,995,161	4,750,081

TRINITY BAPTIST CHURCH - Statement of Fi March 2022	TRINITY BAPTIST CHURCH - Statement of Fi March 2022	nancial Activities for the year ended 31	nancial Activities for the year ended 31
TRINITY BAPTIST CHURCH -Resources applied		in the year ended 31 fillarch 2022 towards
fixed assets for Charity uae:-
		2022	2021
		6	6
Funds generated in the year as detailed in the SOFA		245,080	165,886
Resources applied on functional fixsd assets		16,492	226,033
Other applications offunds
Net resources available to fund charitable	activities	261,572	391,919

				Unrestricted	Restncted	Total	Last year
				Funds	Funds	Funds	Total Funds
				2022 8	2022	2022 8	2021f
Accumulated	funds brought		forward	3,297,399	31,034	3,328,433	3,162,547
Recognised	gains and	losses		245,080		245,080	165,886
before transfers
				3,542,479	31,034	3,573,513	3,328,433
Closing revenue funds				3,542,479	31,034	3,573,513	3,328,433
Revaluation	Reserve	Fund		Unrestricted	Restricted	Total	Last year
				Funds	Funds	Funds	TotalFunds
				2022	2022	2022	2021
				8		8	6
At 1 April				1,421,648		1,421,648	1,421,648
At 31March				1,421,648		1,421,648	1,421,648
Summary of funds				Unrestricted	Restricted	Total	Last Year
				and	Funds	Funds	Total Funds
			Designated funds
				2022	2022	2022	2021
				6	6
Revenue accumulated		funds		3,542,479	31,034	3,573,513	3,328,433
Revaluation	reserve fund			1,421,648		1,421,648	1,421,648
Total funds				4,964,127	31,034	4,995,161	4,750,081

TRINITY	BAPT		IST	CHURCH -	Balance S	heet as at 31 March 202	2
					Notes	2022		2021
						5		6
Fixed assets
Tangible assets					10	9,086,898		9,156,078
Current assets
Debtors						204,286	191,061
Cash at bank	and in		hand			37,954	116,676
Total current	assets					242,240	307,737
Creditors: amounts			falling due within
one year					12	(251,561)	(300,437)
Net current	assets					(9,321)		7,299
						9,077,577		9,163,377
Net assets
Creditors: amounts		falling		due afier more
than one year					13	(4,082,416)		(4,413,297)
The total net assets			ofthe charity			4,995,161		4,750,080
The total net assets			ofthe charity are		funded by the funds ofthe charity, as follows:-
Restricted funds
Restricted Revenue			Funds			31,034	31,034
						31,034		31,034
Unrestricted	Funds
Unrestricted	Revenue Funds				18	3,542,479	3,297,398
Unrestricted	Revaluation			Reserve	18	1,421,648	1,421,648
						4,964,127		4,719,046
Designated	Funds
Total charity	funds					4,995,161		4,750,080

Cunant Year	Land and Buildings	Plant 8 Isachinery	Motor Vehicles	Total
Cost
At 1 April 2021	9,746,703	1,039,366	41,927		10,827,996
Additions	4,527	20,908			25,435
Disposals			(41,927)		(41,927)
At 31 March 2022	9,751,230	1,050,274			10,811,504
Depreciation
At 1 April 2021	1,157,246	480,914	33,756		1,671,918
Charge for the year		86,446			86,446
On dispossls			(33,758)		(33,758)
At 31 starch 2022	1,157,246	567,360			1,724,606
Net book value
At 31 March 2022	8,593,984	492,914			9,086,898
At 31 starch 2021	8,589,457	558,452	8,169		9,156,078
Prior Year	Land and Buildings	Plant 8 Machinery	Motor Vehicles	Total
Cost
01 April 2020	9,690,278	1,325,654	38,097		11,054,029
Additions	56,425	29,735	3,830		89,990
Disposals		(316,023)			(316,023)
31 March 2021	9,746,703	1,039,366	41,927		10,827,996
Depreciation
01 April 2020	1,157,246	635,356	30,722		1,823,324
Charge for the year ipy adjustment		85,944	3,036		88,980
On disposals		(240,386)			(240,386)
31 March 2021	1,157,246	480,914	33,758		1,671,918
Net book value
31 March 2021	8,589,457	558,452	8,169		9,156.078
31 March 2020	8,533,032	690298	7375		9230705

Notes to the Accounts for	Notes to the Accounts for	the year ended	the year ended	the year ended	31 INarch	2022
11 Debtors
							2022		2021
							6		6
Prepayments and accrued income							204,286		191,061
12 Creditors: amounts	falling		due within	one	year		2022 f		2021 6
Bank loans and overdrafls							166,142		178,902
Accruals							5,500		4,000
Finance lease and HP	contracts								28,365
PAYE, NIC VAT and other taxes							6,507		8,751
Other creditors							73,413		80,419
							251,561		300,437
13 Creditors: amounts	falling		due after one year				2022		2021
							6		8
Bank loans and overdrafts							1,964,582		2,099,118
Deferred Income - Unrestricted			8,designated	funds			160,000		160,000
Finance lease and HP	contracts						4.150		51,113
Other creditors							1,953,678		2,103,066
							4,082,416		4,413,297
14 Revaluation reserve
				Current year		Current year	Current year	Prior Yssr
Cunent year				Unrestricted Funds		Restricted Funds	Total Funds	TotslFunds
					2022	2022	2022	2021
					6	6
At 1 April 2021					1,421,648		1,421,648		1,421,648
At 31 March 2022					1,421,648		1,421,648		1421 848
15 Income and Expenditure		account summary					2022		2021
							6		6
At 1 April 2021							3,328,433		3,162,547
Surplus after tax for the year							245,080		165,866
At 31 March 2022							3,573,513		3,328,433

	At 31 March 2022					unrestricted	Designated	Designated		Restricted	Restricted		Total	Total
						funds	funds			funds			Funds
						6					5			8
	Tangible Fixed Assets					9,086,898									9.086.898
	Current Assets										31,034
	Current LiabiliTies					(251,561)									(251,561)
	Long Term Liabilities					(4,082,416)									(4,082,416)
						4,752,921					31,034				4,752,921
	At 1 April 2021					unrastnctad	Designated			Restricted			Total
						funds 2	funds 8			fundsf			Funds 5
	Tangible Fixed Assets					9,156,076									9,156,078
	Current Assets										31,034
	Current Liabilities					(300,437)									(300,437)
	Long Term Liabilities					(4,413,297)									(4,413,297)
						4,442,344					31,034				4,442,344
18	Change in total funds over			the	year as shown in Note		17,	analysed		by	individual	funds
						Funds brought	Movement		In	Tranafan.		Funds	earned	forward	to 2023
						forward horn	funds	In 2022		between
						2021				funds	In 2022
							Saa nota 19
								2
	Unrestricted and designated			funda:-
	Unrestricted Revenue Funds					3,297,399	245,080								3,542,479
	Unrestricted Revaluation		Reserve			1,421,648									1,421,648
	Total unrestricted	and	designated		funds	4,719,047	245,080								4,964,127
	Restricted fundsn
	Restricted funds					31,034									31,034
	Total restricted funds					31,034									31,034
	Total charity funds					4,750,081	245,080								4,995,161

					Other
			Income	Expenditure	Gnine &	Idavsmerd
					Losses	In funds
			2S22		2022	2022
			E		6	8
Unrestricted	nnd designated	funds:-
Unrestricted	Revenue Funds		1,272,865	(1,027,785)

Donations, Grants	Donations, Grants	and Legacies
			Current year	Current year	Current year	Prior Year
			unrestricted	Restricted	Total Funds	Total Funds
			Funds	Funds
			2022	2022	2022	2021
Offerings &donnatlons
Tithes &Weekly offerings			978,407		978,407	847,304
Covenant Aid-income		tax recoverable	211,550		211,550	146,923
Conference income
			4,504		4,504	11,924
Hire of halls			7,096		7,096	22,738-
All other income
			11,599		11,599	22,086
Total Offerings 8 donnatlons			1,213,156		1,213,156	1,050,975
			Current year	Cunent year	Current year	Poor Year
			unrestricted	Restricted	Total Funds	Total Funds
			Funda	Funds
			2022	2022	2022	2021
				a
Annual Thanksgiving
Annual Thanksgiving			59,663		59,653	52,023
Total Annual Thanksgiving			59,663		59,663	52,023
Total Donations,		Grants and Legacies
Total Donations, Legacies	Grants and		1,272,819		1,272,819	1,102,998

23	Investment income
					Current year	Cunent year	Current year	Prior	Year
					Unrestricted	Reslrlcted	Total Funds	Total Funds
					Funds	Funds
					2022	2022	2022	2021
						E
	Bank Interest Receivable				46		46		113
	Total investment income				46		46		113
24	Expenditure on charitable		activities - Direct spending
					Current year	Cunent year	Current year	Prior Year
					Unrestricted	Restricted	TolalFunds	Total Funds
	Current Year				Funds	Funds
					2022	2022	2022	2021
						E	E
	Gross wages and salaries activities		- charitable		162,949		162,949		151,505
	Employers' Nl - Charitable		activities		13,251		13,251		11,794
	Defined contribution pension charitable activities			costs-	9,725		9,725		8,601
	Temporary Staff- Charitable			Activities
	Travel and Subsistence Activities	- Charitable			12,511		12,511
	Media &TV ministries/video/audio				1,850		1,850		10,789
	Donations &charity				40,214		40,214		9,652
	Conferences, seminars	&training			5,241		5,241		5,030
	Motor expenses				55,597		55,597		41,132
	Music expense				50,419		50,419		47,978
	Services &church expense				10,625		10,625		19,149
	Welfare/funerals/marriages/social				70,770		70,770		33,153
	Children 8 youth work				14,860		14,860		6,936
	Total direct spending				448,012		448,012		345,719
25	Support costs for charitable			activities

Cunanf Year
Employment &related	act/v/t/es
Salaries - Administrative	staff
Defined contribution pension		cost-
administrative staff
Employers' Nl - Administrative		staff
Guest speakers 8 preachers
Scholarship &Grants
Missions abroad

Cunent year	Current year	Current year	Prior Year
unrestricted	Restricted	TotalFunds	Total Funds
Funds	Funds
2022	2022	2022	2021
E	E
87,742		87,742	81.579
5,237		5,237	4,631
7,135		7,135	6,350
20,669		20,669	17,872
8,260		8,260	7,343
4,000		4,000	500

Premises Expenses
Rent, Rates and water charges		36,376	36,376	30,157
Light and heat		31,311	31 311	25,384
Cleaning and waste management		26,573	26,573	42,960
Premises repairs, renewals maintenance	and	24,079	24,079	22,053
Property insurance				11,950
Council Tax		4,701	4,701
Adminisfratlve overheads
Telephone, fax and internet		14,503	14,503	13,732
Postage		424	424
Printing, postage and stationery		6,492	6,492	7,419
Subscriptions		12,296	12,296	4,834
Equipment leasing &maintenance		32,495	32.495	29,774
Advertising and marketing		1,743	1,743	2,393
Sundry expenses		(383)	(383)
Equipment, repairs, expenses	and maintenance			1,162
Computer consumables		4,289	4,289	4,994
Wages and salaries		20,951	20,951	15,572
Financial costs
Bank charges		4,378	4,378	15,909
Loan interest		82,594	82,594	49,942
Depreciation &Amortisation	in total for	86,446	86,448	88,080
Support costs before reallocation		535,049	535,040	404,490
Total support costs - Current Year		535,049	535,049	494,490

Other Expenditure	Other Expenditure	Other Expenditure
			Cuneat year	Current year	Current year	Prior Year
			Unrestricted	Rastricisd	TotalFcads	Total Funds
Cunanf Year			Funds	Funds
			2022	2022	2022	2021
				2
Auditors fees			5,000		5,000	4,000
Accountancy	fees		6,500		6,500	6,000
Professional fees			20,426		20,426	87,016
Insurance			12,798		12,798
Total Governance		costs	44,724		44,724	97,016

Total Charitable	expenditure
		Current year	Current year	Current year	Prior Year
		unrestricted	Restricted	Total Funds	Total Funda
Cumsnt Year		Funds	Funds
		2022	2022	2022	2021
		0	0	0	0
Total direct spending		448,012		448,012	345,719
Total support costs		535,049		535,049	494,490
Total Governance	costs	44,724		44,724	97,010
Total charitable expenditure		1,027,785		1,027,785	937,225
All the expenditure	in the prior year was unrestricted.
		Prior Year	Prior Year	Prior Year
		unresthcted	Restricted	TotalFuods
Prior Year		Funds	Funds
		2021	2021	2021
Total direct spending		345,719		345,719
Total support costs		494,490		494,490
Total Governance	costs	97,016		97,016
Total charitable expenditure		937,225		937,225

END OF REPORT