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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|
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|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|
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|||||Unrestricted
funds|Designated
funds|Restrimed
funds|Endowment
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|
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|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|
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|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|
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|16||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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