2022-03-31-accounts - Streatham Baptist Church

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Purpose and Activities
Achievements and Performance
Financial Review
Structure, Governance	and Management
Reference and Administrative		Details
Independent Auditor's	Report		12 - 14
Statement ofFinancial	Activities		15
Balance Sheet			16
Notes to the Accounts			17-23

The leaders ofStreatham Ba	The leaders ofStreatham Ba	ptist Church at the date oft	ptist Church at the date oft	his report and during the	year were:
Rev Nathan Lee McGuire		Joint Associate Minister-		Inducted to Streatham	Baptist 03/09/2017
		Missional
Mrs Rachel Ann	Waitt	Joint Associate Minister-		Inducted to Streatham	Baptist 03/09/2017
		Missional
Rev Christopher	Randolph	Interim	Minister	Inducted to Streatham	Baptist 12/05/2019
Andre-Watson
Mrs Jacqueline	Wood Ritter	Elected	Leader	Re-elected on 26/01/2020 for 2nd 3-year term
Mrs Laura Lock		Elected	Leader	Elected 10/11/2019 for	a 3-year term
Ms Jung Khang		Elected	Leader	Elected 26/11/2020 for	a 3-year term
Mr Stephen Joseph		Elected	Leader	Elected 26/11/2020 for	a 3-year term
Mrs Suzann Douglas		Elected	Leader	Elected 30/09/2021 for	a 3-year term
Mrs Jennifer Mary Dowlen		Elected	Leader	Elected 29/09/2022 for	a 3-year term

				Unrestricted funds	Designated funds	Restrimed funds	Total funds	Prior year Intel fUitde
incoming resources
Incoming resources from generated		funds
Ogarings &Donations				317,686.02	1,556.75	9,876.80	329 I lg 57	34307166
Grants
Premises				ID,245.00	23,800.00		34,045.00	42,00D.OO
Fund Raising						130.50	130.50	136.89
Peas &SubsoiPtions				5.00		1,890.50	1,895.50
Deposit Interest				399.07		0.78	399.85	481.14
Other incoming resources				11.10			11.10	44.00
Total income				328,346.19	25,356.75	11,898.58	365,601.52	385,733.69
Resources used
Charitable adivities
Ministry				228,273.74		4,D85.34	232,359.08	243,730.18
Mission				26,852.37	1,5D6.75	5,425.90	33,785.02	39,463.64
Upkeep ofPremises				57,605.43	13,930.23		71,535.66	74,845AS
Support Casts -OI5ce StalT
Support Costs - Oflice Running		Costs
Governance costs
audit end Examiners' Fees
Bank and Loan Charges
Other resources used								1,2DO.OO
Fund Raising 8, Publicily						410.4T	410.47	722.45
Total expenditure				312,731.54	15,436.98	9,921.71	338090.23	359981.72
Net income I(expenditure)	resources before transfer			15,814.65	9,918.77	1,976.87	27,511.29	25,751.97
Transfers
Gmss transfem between funds - in				7,238.30	13,500.00		20,738.30	40,326.52
Gross trensfem between funds - out				(13,500.00)	(7,238.30)		(20,738.30)	(40,326.52)
Other recognised gains	Ilosses
Gains Ilasses on investmsnl	assets
Gains on revaluation, fixed assets, chsnty's			own use
Net movement In funds				9,352.95	15,181.47	1,976.87	27,511.29	25,'T51.97
Reconciliation offunds
Total funds brought forward				4,601,067.21	47,37&85	26,732.03	4,$75,166.09	4,649,414.12
Total funds carried forward				4,610,410.16	63,558.32	28,706.90	4,702,677.38	4,675,1$5.09

BALANCE SHEET	BALANCE SHEET	BALANCE SHEET
TANGIBLE ASSETS(for use by the Church)			As at31.3.2022f
Church Buildings (Note 13)			3,198,000.00
Manse - Christian Fields (Note 14)			700,000.00
Property —Lewin Road (Note	14)		525,000.00
TOTAL FREEHOLD PROPERTY			4,423,000.00
Church Equipment -cost (Note 16)			135,831.59
less depreciation charges	(Note 8)		-133,372.72
			2,458.87
Office Equipment - cost (Note 16)			32,089.68
less depreciation charges	(Note 8)		-31,703.69
			365.99
Kitchen Equipment - cost (Note 16)			23,591.41
less depreciation charges	(Note 8)		-23,591.41
			0.00
TOTAL FIXED ASSETS			4,425,824.86
Bank Balances			143,227.25
Deposit Account Balances			123,052.54
Cashin Hand			710.23
Lewin Fair Trade Stock (at cost)			0.00
Debtors &Prepayments			22,210.26
Total Current Assets			289,200.28
Sundry Creditors and Accruals			-12,347.76
Total Current Liabilities			-12,347.76
NET CURRENT ASSETS			276,852.52
TOTAL NET ASSETS			4,702,677.38
REPRESENTED BY
General Fund (Unrestricted)	-revaluation	reserve	1,839,000.00
General Fund (Unrestricted)			2,834,968.48
			4,673,968.48
Restricted Funds (Note 20)			28,708.90
			4,702,677.38
TOTAL FUNDS			4,702,677.38
these accounts,
ned on behalf ofthe Leaders	ofStreatham	Baptist Church
		w~	(
		Trustee with	Financial Responsibility

dated 30September 2020 envi	sages defi	ciency contrib	utions continuing	until
The key financial assumptions	underlying	the valuation	were as follows:
Type ofassumption RPI price inflation assumption				%pa 3.20
CPI price inflation assumption				2.70
Minimum Pensionable Income	increases	(CPI plus 0.75%pa)		3.20
Assumed investment returns
- Pre-retirement				2.95
- Post retirement				1.70
Deferred pension increases
- Pre Apdil 2009				3.20
-Post April 2009				2.50
Pension increases
- Main Scheme pension				2.70

	Summary ofFixed Assets	for use	by	the Church
			Freehold		Church		Oflice		Kitchen
			Property		Equipment	Equipment		Equipment		Total
	Gross Book Value
	-At 1 April 2021	2,584,000.00			132,143.29	32,069.68			23,591.41	2,771,804.38
	-Additions				3,688.30		0.00		0.00	3,688.30
	-Disposals				0.00		0.00		0.00	0.00
	—At 31 March 2022	2,584,000.00			135,831.59	32,069.68			23,591.41	2,775,492.68
	-At 1 April 2021				132,143.29	29,518.50			23,198.36	184,860.15
	-Charge forYear				1,229.43	2,185.19			393.05	3,807.67
	-Transfers
	- Eliminated on Disposals				0.00		0.00		0.00	0.00
	-At 31 March 2022			0.00	133,372.72	31,703.69			23,591.41	188,667.82
	Revaluation
	-At 1 April 2021	1,839,000.00								1,839,000.00
	Revaluation in Year			0.00						0.00
	—At 31 March 2022	1,839,000.00			0.00		0.00		0.00	1,839,000.00
	Net Book Value
	At 31 March 2022									4,425,824.86
	At 31 March 2021	4,423,000.00			0.00	2,551.18
17	This note is not needed this year
18	This note is not needed this year
19	Analysis of net assets between funds
					General	~Desi	ted	Restricted
					Funds	~NN	20	~NN	lrall	Total
					8				6
	Fixed Assets				4,425,824.86		0.00		0.00	4,425,824.86
	Net Current Assets				184,585.30	63,558.32			28,708.90	276,852.52
	Net assets at 31st March 2022					63,558.32			28.706.90	4.702.671.38

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