2021-08-31-accounts - Greenford Baptist Church

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

		Page
Church Information
Trustees' Report
Independent t xaminer's	Report
Statement of Financial	Activities
Balance Sheet
Notes to the Financial Statements

				Unrestricted	Restricted	Total	Total
			Notes	Funds f	Funds 8	2021	2020 8
Income and endowments		from:
Donations	and legacies		2	110,815		110,815	100,809
Charitable	activities			46,219		46,219	34,595
investments				14		14	236
Other							447
Total income				157,048		157,048	136,087
Resources	expended
Charitable	activities			141,228		141,228	117,702
Other							692
Total				141,228		141,228	118,394
Net income/(expenditure)		before
investment	gains/(losses)			15,820		15,820	17,693
Net income/(expenditure)		before transfers		15,820		15,820	17,693
Transfer between funds
Net movements in funds				15820		15820	17693
Reconciliation offunds:
Total funds	brought forward			131,660		131,660	113,967
Total funds	carried fonvard			147,480		147,480	131,660

				Unrestricted	Restricted	Total	Total
			Notes	Funds f	Funds E	2021 f	2020 8
Fixed assets
Tangible assets			3	44,252		44,252	54,484
Current assets
Debtors			9	69,565		69,565	59,762
Cash at bank and in		hand	11	42,969		42,969	29,895
				112,534		112,534	89,657
Creditors:	amounts	falling due
within one	year		10	(9,306)		(9,306)	(12,481)
Net current	assets			103,228		103,228	77,176
Net assets				147,480		147,480	131,660
Funds ofthe charity
Unrestricted	funds - general		12	147,480		147,480	131,660
T tel funds				147,480		147,480	131,660

Accounting policies
Basis ofpreparsfion
The financial sfatemenls have been prepared under the historical cost convention and in accordance with The	Stalemenl of
Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with	the	Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) Issued on 16 July 2014.The Charities		Acl 2011
and UK Generally Accepted Practice as It applies from I January 2015.
The accounts (financial statements) have been prepared to give s "true and fair" view and have departed from	the	Charities
(Accounts and Reports) Regulations 2008 only to the extent required lo provide a "true and fair viev/I
This departure has involved following Accounting and Reporting by Charities preparing their accounts In accordance		with the
Financial Reporting Standard applicable in Ihe UK and Republic of Ireland (FRS 102) issued on 16July 2014 rather		than the
Accounting and Reporting by Charities: Statement ofRecommended Practice effective fram I April 2005 which has since been
withdrawn.
The charily constitutes a public benefit entity as defined by FRS 102.
The presentation currency of Ihe financial statements is the Pound Sterling (8).
Significant judgemenfs and astime ice
There are no slgnilicant judgements and estimates applied to the numbers contained within these financial statements.
Going concern
The charily's statement of financial activities shows nel income of 615,820 for Ihe year. The Trustees are of the	opinion that
the charity has sufficient resources available at its disposal that will enable it to meet il obligations, Ifand when, they due and it is on this basis they believe they should continue lo adopt the going concern basis for the preparation		become of Ihe
financial statements.
Cher(fable funds
General funds are unrestricted funds which are available for use at the discretion ofthe Trustees in furtherance of the objectives ofihe Church and which have not been designated for other purposes.		general
Restricted funds are funds subject to specific conditions by donors as to how they may be used or which have been raised by the Church for particulary purposes. The aim and use of Ihe restricted funds are sei out in ihe notes to the financial
statements.
incoming resources
All income Is recognised in Ihe Slatemenl of Financial Activities (SOFA) when Ihe charily becomes entitled to ihe	resources; it
Is more likely than not that the Trustees will receive the resources; and the monetary value can be measured with sufficient
reliability.
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and
related expenditure are reported gross in ihe SOFA.
Grsnis and donafiens
Grants and donations are only included In the SOFA when the general Income recognition criteria are mel.
A grant that does not impose specified future performance-related conditions is recognised in income when the grant proceeds
are received or receivable. In the case of performance related grants, income is recognised when the performance		related
conditions are met.
Legacies
Legacies are Included in fhe SOFA when receipt Is probable, that Is, when there has been grant ofprobate, the executors have established that there are suffidenl assets In Ihe estate and any conditions atfached to the legacy are either within the control ofthe charity or have been met.

Greenford Baptist Church Notes to the Accounts for the earended31Au ust 2021
Tsx claims on donations and gifts
Glfi Aid receivable is included in income when there is a valid declaration from Ihe donor. Any Gifl Aid amount recovered donation Is considered lo be part of that gift and is treated as an addition to the same fund as Ihe initial donation unless			on a the
donor or the lerms ofthe appeal have specified otherwise.
Incoming resources from tax reclaims are included in the SOFA in Ihe same financial period as the gift to which	they relate.
Inveslment Income
This is Included in the accounts when receipt is probable and the amount receivable can be measured reliably.
Income from membership subscrlptions
Membership subscriptions received in the nature ofa gift are recognised in Donations and Legacies.
Membership subscriptions which gives a member the right to buy services or other benefits are recognised as from the provision of goods and services as income from charitable activities.	income	earned
Settlemeni ofInsurance claims
Insurance claims are only Induded In the SOFA when Ihe general income recognition cditeiia are met and are item ofother income in the SOFA.	included	as	an
Expenditure snd lisblglles
Liabilities are recognised where il Is more likely than not that there ls a legal or constructive obligation committing pay out resources and the amount ofthe obligation can be measured with reasonable certainly.	the charily		to
All expenditure is inclusive of irrecoverable VAT.
Governance and support costs
Support costs have been allocated between governance costs and other support. Governance costs comprise all costs Involving public accountability of the charily and ils compliance with regulation and good practice, eg. Ihe preparation of statutory acoounts, the costs of Directors' meetings and legal advice to Directors on governance or constitutional mallers.
Support costs indude central functions and have been allocated to activity cost categories on a basis consistent with Ihe use of Ihe resources, eg. alfocaiing properly costs by tloor areas, or per capita, staff costs by the lime spent and other costs by their usage.
Tangible fixed assets
Fixed assets are capitalised if they can be used for more than 12 months.
Tangible fixed assets are measured at cosf or reasonable value on receipt less accumulative depreciation and accumulative Impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at calculated to wrife offthe cost, less estimated residual value, ofeach asset evenly over ils expected useful life, as follows:		any rates
Improvements lo buildings 10%straight line
Plant, machinery and equipmenl 10%,20%and 50%straight line
Debtors
Debtors (induding trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expecled to be received.
Credi!ors
The charity has creditors which are measured at settlement amounts less any trade discounts.
Cash and cash equivalents
Cash and cash equivalents compdise cash on hand and demand deposits and other short term highly liquid investmenis are readily convenible lo a known amount ofcash and are subject to an Insignificant risk to changes in value.		that

	Unrestricted	Unrestricted	Restricted	Total	Total
	Funds		Funds	2021	2028
Donations and legacies	2			6	6
Donagons and gifts GIR aid	94,015 16,800 110,815			94,015 16,800 110,815	84,009 16,800 100,809
Charitable activities
Rental income Pastoral activities	45,719 500			45,719 500	34,070 525
	46,219			46,219	34,595
Income from Investments
interest received		14		14	236
Olher Income
Other					447
Total	157,048			157,048	136,087
Tangible fixed assets (Unrestricted)
				Plant and
			Improvements	machinery
Cost			to bugdlngs 6	and equip 6	Totalf
Al 1 September 2020 Additions			62,949	202,855 2,418	265,804 2,418
At 31 August 2021			62,g49	205,273	268,222
Depreciation
At I September 2020 Charge for the year			32,i03 6,294	179,217 6,356	211,320 12,650
Al 31August 2021			38,397	185,573	223,970
Net book value
At 31August 2021			24,552	19,700	44,252
At 31 August 2020			30,846	23,638	54,484

		Unrestricted	Restricted	Total	Total
		Funds	Funds	2921	2020
Expenditure on charitable		E	E	E	E
activities
Employee costs Premises costs General administrative Legal and professional	expenses costs	74,276 18,549 45,200 3,203		74,276 18,549 45,200 3,203	54,393 22,081 38,475 2,753
		141,228		141,228	117,702
Other expenditure
Toddlers expenses					692
Total expenditure		141,228		141,228	118,394

				Fundralslng	Charitable	Governance
	Supportcosttype			Acilvitly	Activity	Activity	Total costs
	Independent examination Total	fees		E		E 1,000 1,000	E 1,000 1,000
6	Trustees'expenses					2021	2020
	Number ofTrustees who Travel and training	were paid	expenses			E 2 157	E 2 1,139
7	Staff costs					2021	2020
						E
	Salaries and wages Social security costs Pension costs (defined contribution Other employee benefits		scheme)			63,882 553 7,216 2,625	43,959 (900) 7,174 4,160
						74,276	64,393

9	Debtors		2021	2020
			8	f
	General debtors		45,487	28,761
	Other debtors		24,078	31,001
			69,565	59,762
10	Creditors: amounts falling due within one year		2021	2020
			8	2
	Taxation and social security costs		1,646	1,606
	Other creditors		7,660	10,875
			9,306	12,481
11	Cash at bank and	In hand	2021	2020
			8	2
	Cash at bank and	in hand	42,969	29,895

Statement offunds	Statement offunds
Fund names			1-Sep-20 Balance	Incomer (expenditure)	Transfers	Gains/ (losses)	31.Aug-21 Balance
				8	2		f
Unrestricted	general	funds	131,660			15,820	147480
			131,660			15,820	147,480
			1-Sep.18	lncomei		Gains/	31-Aug.20
Fund names			Balance	(expenditure)	Transfers	(losses)	Balance
			8	2	8	8	8
Unrestricted	general	funds	113,967 113,967			17,693 17,693	131,660 131,660

Name ot Trustee or related party	Relationship charity	to	Description	oftransaction(s)	Amount	Balance at end ofperiod
	Independent
B Hall - Aqret Accounting Pastor Satya)it Deodhar Rev Warren McNeif	examiner Pastor Pastor		Independent Remuneration Remuneration	examinagon and expenses and expenses	1,000 13,285 33,610	(060)