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2022-03-31-accounts

Contents Page
Report of the Trustees 2-5
Examiner's Report 6
Statement of Financial Activities 7
Charity Balance Sheet 8
Notes to the Accounts 9-15

Trustees (Ministers, church Officers and Deacons)
Rev Angela Bacon Chairman,
inducted January 2019
Mr Adewole Adetunji Church Secretary, elected October 2016
Mr. E Engmann Treasurer,
re-elected October 2016
Mrs. J Croucher re-elected October 2016
Ms Bola Esan re-elected July 2017
Mrs. DXuereb re-elected July 2017 (8previous terms ofservice)
Mr Dapo Ajiboye elected October 2016
Ms Binta Hanakuka elected July 2017
Mrs Olayinka
Ege		 elected July 2017
Mr. Peter Musembi elected ......2019

General Designated Restricted Total Total
INCOMING
RESOURCES		 Funds Funds Funds 2022 2021
Note 6 E f
Incoming resources for generating
funds
Voluntary
income funds		 2 134,096 620 134,716 123,533
-Activities for generating funds 0 9,000
- Investment
income		 4 11 11 26
incoming resources from charitable 0
activities 0
Building 0
Total incoming resources 134,107 620 134,727 132,559
RESOURCES EXPENDED
Charitable
activities
-Activities directly related tothe
work ofthe church 6 97,796 976 98,772 98,683
Governance
costs
Total resources expended 6 97,796 976 98,772 98,683
Net incoming resources before 36,311 -356 35,955 33,876
transfer
TRANSFER BETWEEN FUNDS
Revaluations
ofRxed assets forthe charity's
use
Balance brought forward at
01April 2021 32,805 1,518,954 1,551,759 1,518,954
Balance carried forward at
31March 2022 35,955 1,551,759 1,587,714 1,551,759
The notes
on page 9to 15form part ofthese financial statements.

2022 2021
f E
Fixed assets
Tangible assets 1,600,764 1,601,918
Current assets
Debtors 11,852 6,081
Cash at bank and in hand 78510 60,750
90,362 66,811
Creditors: amount falling due within one
year 10 1,576 4,455
Net Current assets 88,786 62,356
Total assets less current liabilities 1,689,550 1,664,274
Creditors: amount falling due more than
one year 101,835 112,515
Net assets 1,587,715 1,551,759
Funds
Unrestricted 88,833 52,522
Designated 1,749 1,749
Revaluation Reserve
Restricted 13 12,184 12,540
102,766 66,811

2. Voluntary 2. Voluntary Income Income Unrestricted Unrestricted Designated Restricted Total Total
Funds Funds Funds 2022 2021
f f
Planned giving:
Gift aided 84,545 84,545 76,283
income tax recovered on Gift Aid 21,144 21,144 19,388
Offering 28,063 28,063 26,987
Gifts 344 620 964 585
Other giving 253
Building 37
Conference/Youth trip 0
134,096 620 134,716 123,533
3.Activities for generating funds
Rent on Manse 0
Rent Young Foundations 9,000
Church Hall 0
0 9,000
4.Investment Income
Dividend and interest 11 26
5.Incoming resources from charitable activities
Church Hall letting
Training Rooms
0 0

Unrestricted Designated Restricted Total Total
Funds Funds Funds 2022 2021
f f f
Staff costs
Minister and manse 30,586 30,586 33,293
Church Administrators 13,575 13,575 13,455
Employers
Nl		 144 144 1,238
Employers
Pension		 2,474 2,474 2,531
Cleaner 1,992 1,992 2,302
Total staff costs (see pg 12 below) 48,771 48,771 52,819
Church running costs
Gas and Electricity 2,985 2,985 2,502
insurance 2,947 2,947 2,808
Water rates 7 7 971
Building maintenance 17,433 17,433 9,787
Conference
expenditure		 225 225 0
Licences and permits 1,710 1,710 1,727
Guest Speaker 100 100 350
Hospitality 73 73 0
Depreciation 1,154 1,154 1,154
Evangelism
and Publicity		 859 859 517
Kings Kids 68 70
Youth work 155 155 96
Administrative expenses 1,632 1,632 2,322
Bank service charge 96 96 69
Building 0 0
Care fund 1,000 1,000 1,500
Subscription and Donations 1,477 1,477 2,325
Miscellaneous 0 0
Gifts 1,253 976 2,229 330
Missions and donations {seepg 12) 14,854 14,854 19,300
48,028 976 49,004 45,828
96,799 976 97,775 98,647
Staff costs and Trustees Expenses
Salaries 43,059
Social security costs 144
Pension costs 2,474
Ministers
Expenses		 3,094
48,771

Mission Tithe 2022 2021
f E
BMSWorld Mission 4,800 4,800
Christian
Resources		 (CRIBS) 420 3,000
Evangelical
Action Brazil		 400 3,000
Baptist Together Home Mission 6,000 6,000
Greenwich Street Pastors 400 1,000
Erith & Thamesmead Debt Centre 600
Evergreen
Care Bexley		 300 600
Ascension Trust 1,000
Seniors ln Touch 500
Home for Good 500
14,320 19,000
Ministry support
Angela Bacon 534 200
Deli Ayorinde 0 100
300

Church 83
8.Fixed Assets Halls Oflke
Buildings equipment equipment Total
E F.
Cost
As at 1April 2021 1,310,480 294,900 1,605,380
Addition
Revaluation
Disposals
As at 31March 2022 1,310,480 294,900 1,605,380
Accumulated depreciation (Church Roof Saving) 4,617
As at 1April 2022
Disposal
Charge forthe year
As at 31March 2022 1,310,480 290,283 1,600,763
Net book Value
As at 31March 2022 1,600,763 -13,049 1,587,714

2022 2021
f
Young Foundations Loan 6,325
Inland revenue - Tax rebate 5,527 5,941
11,852 5,941
10.Creditors
LBPBLoan 31,655 36,995
Salaries - Young Foundation 10 377 469
Inland revenue 10 637 2,922
LBPBBradford Fund 10 5,000 5,000
LBPBBradford Fund 30,000 30,000
Barclays Bank PLC 125 125
Gift 10
LBA Loan 35,055 40,395
Creditors 10 562 1,064
103,411 116,970

Balance at Movement in resources Balance at
01-Apr-21 Incoming Outgoing 31March 2022
f f f f
General Funds 52,522 134,107 97,796 88,833
52,522 134,107 97,796 88,833
12Oesignated funds
Balance at Movement in resources Balance at
01-Apr-21 Incoming outgoing 31-Mar-22
f f
Ladies Ministry 1,749 1,749
1,749 1,749
13.Restricted funds Balance at Movement in resources Balance at
01-Apr-21
f		 Incoming outgoing 31-Mar-22
f
Conference 0 0
Miscellaneous 0 0
Building
Fund		 12,054 12,054
Hampers 486 620 976 130
12,540 620 976 12,184
Fixed assets funds.
Church 1,105,045 1,105,045
Manse 205,435 205,435
Equipment 290,830 547 290,283
1,601,310 547 1,600,763
14.Analysis ofNet Assets
by Funds
General Designated Restricted Total
Fixed assets 1,600,763 1,600,763
Current assets 76,428 1,749 12,184 90,361
Liabilities 1,576 101,835 103,411
74,852 1,511,112 1,587,713