OpenCharities

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

2020-12-31-accounts

Page
Report ofthe Trustees 1 to 6
Report ofthe independent
Auditors		 7 to 10
Statement
ofFinancial Activities
Balance Sheet 12
Notes to the Financial Statements 13 to 28
Detailed Statement
of Financial Activities		 29 to 31

31.12.20 31.12.19
Unrestncted Restncted Total Total
fund~ funds funds funds
Notes f f f
INCOME AND ENDOWMENTS FROM
Donations
and		 legacies 2 425,054 425,054 456,876
Other trading activities 479 479 2,568
Investment
income		 329 329 910
Otherincome 9,923 9,923 1,081
Total 435,785 435,785 461,435
EXPENDITURE ON
Raising funds 6 173,367 173,367 166,755
Charitable
activities
Grant making 84,999 84,999 80,352
Youth and Children's Work 94,881 69,971 73,402
Other 50,075 74,985 68,520
Total 403,322 4037322 ~ 389,029
NET INCOME 32,463 32,463 72,406
Other recognised
gains/(losses)
Actuarial
gains/(losses)		 on defined benefit
schemes 18,917 18,917 (823)
Net movement in funds 51,380 51,380 71,583
RECONCIUATION
OF FUNDS
Total funds brought forward 6,937,574 6,937,574 6,865,991
TOTAL FUNDS CARRIED FORWARD 6,9$5,954 — 6,9$$,954 6,957,574

31.12.20 31.12.19
Unrestricted Restricted Total Total
funds funds funds funds
Notes E E E E
FIXEDASSETS
Tangible assets 12 6,829,550 6,829,550 6,834,769
CURRENT ASSETS
Stocks 13 248 248 248
Debtors 14 56&470 56,470 54,963
Cash at bank 143,700 143,700 139,209
200,418 200,418 194,420
CREDITORS
Amounts
falling due within one year		 15 (5,085) (5,085) (33,098)
NET CURRENT ASSETS 195,333 195,333 161,322
TOTAL ASSETS LE55 CURRENT LIABIUTIES 7,024,883 7,024,883 6,996,091
PROVISIONS FOR LIABIUTIES 18 (35,929) (35,929) (58,517)
67988&954 6,988&954 6,937,574
FUNDS 19
Unrestricted funds 6,988,954 6,937,574
TOTAL FUND S 6,988,954 6.967.574

for t he Year Ended he Year Ended 31December 2020 31December 2020
2. DONATIONS AND LEGACIES
31.12.20 31.12.19
E
Offenngs 300,131 326,594
Donations 28,350 16,387
Gift aid 73,208 74,285
Legacies 2,000 10,000
Building donations 21,365 29,610
425,054 456,876
Grants received, included in the above, are as follovvs:
31.12.20 31.12.19
E E
Other grants 2,000 10,000
OTHER TRADING ACTIVITIES
31.12.20 31.12.19
E E
Charitable trading activities 479 2,568
4. INVESTMENT INCOME
31.12.20 31.12.19
E E
Deposit account interest 329 910
5, OTHER INCOME
31.12.20 31.12.19
E 6
Sundry income 163 1,081
Government grants 9,760
fort he Year Ended 31De cember 2 020
6. RAISING FUNDS
Raising donations end legacies
31.12.20 31.12.19
f E
Ministers'
stipend		 89,510 85,089
Staff costs 33,317 26,219
Rates and water 6p949 6,476
Insurance 1,187 1,132
Sundnes 2,156 2,510
Repairs andimprovements 3,817 6,534
Ministers'
travel		 498 265
Hospitality
allowance		 1,020 1,060
Visiting preachers fees 150 955
Evangelism 7,383 2,831
Church
insurance		 6,396 6,202
Church repairs 5,573 8,206
Church
furnishings		 3,348 1,477
Church
light and heat		 10,730 11,450
Interest payable and similar charges 1,333 3,713
~173 367 164,119
Other trading activities
31.12.20 31.12.19
f E
Purchases 2,636
Aggregate
amounts		 173,367 166,755
7. GRANTS PAYABLE
31.12,20 31.12.19
f E
Grant making 84,999 80,352
The total grants paid to institutions during the year was as follows:
31.12.20 31.12.19
E
Baptist Missionary Society —general 14p040 13,780
Baptist Missionary Society —relief fund 1,560 1,520
Baptist Missionary Society - support 200 200
International
Needs		 2p000 2,000
Home Mission
Fund		 15,400 13,685
Wycliffe Bible Translators (Janet Sousterj 11,080 10,800

OMF 7,752 7,500
MAF 7,7S2 7,500
EthiopiAid/Hope Fnterprises 6I510 6,683
Mission to Prisons 5,910 5,904
SIL Mali Roof Appeal 1,500
Wycliffe Bible Translators (Pete & Kate Myers) 1.270
Operation
Agn		 850 600
London Theology School 850 600
Through
the Roof		 850 600
Spurgeons
Childcare		 850 865
Spurgeons
College		 850 600
Sat 7 Trust 600 600
8 re adl inc 850 600
Three: Eighteen 850 600
Chnstian
Soiidanty Worldwide		 850 600
UCCF The Christian Unions 850 600
Arab World Ministries 300
Christian
Concern		 850
Others 75 3,615
84,999 80,352
8. AUDITORS' REMUNERATION
31.12.20 31.12.19
E E
Fees payable for the audn ofthe charity's financial statements 3,600 3,100
Auditors'
remuneration		 for non audit work 1,500 500
9. TRUSTEES' REMUNERATION
AND BENEFITS
31.12.20 31.12.19
E
Trustees' salanes 71,584 70,393
Trustees'
NIC		 3,465 4,347
Trustees'
pension		 contnbutions to money purchase schemes 14p461 10,349
89,510 85,089

STAFF COSTS
31,12,20 31.12.19
E 6
Wages and salaries 183,307 173,008
Social security costs 9,121 9,921
Other pension costs 19,494 14,444
211,922 197,373
The average mont hly
numbe		 r
ofemployees
during the ye		 ar was as follows:
31.12.20 31.12.19
Ministry 2 2
Pastoral 1 1
Cleaning 2 2
Administration 3 3
Organisation and Resources Co-ordinator 1 1
Youth/Children's worker 2 2

Unrestricted Restricted Total
funds funds funds
E f
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 456,876 456,876
Other trading activities 2,568 2,568
Investment
income		 910 910
Other income 1,081 1,081
Total 461,435 461,435
EXPENDITURE ON
Raising funds 166,755 166,755
for th e Year Ended 31Decem ber 2020 ber 2020 ber 2020
11. COMPARATIVES
FOR		 THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restncted Total
funds funds funds
f f
Charitable
activities
Grant making 68,847 11,505 80,352
Youth and Children's Work 73,402 73,402
Other 68,520 68,520
Total 377,524 11,505 389,029
NET INCOME/(EXPENDITURE) 83,911 {11,505) 72,406
Other recognised gains/(losses)
Actuarial
gains/(losses)		 on defined
benefit schemes {823) (823)
Net movement
in funds		 83,088 {11,505) 71,583
RECONCILIATION
OF		 FUNDS
Total funds brought forward 6,854,4S6 11,505 6,S65,991
TOTAL FUNDS CARRIED FORWARD 6,937,574 6,937,574

TANGIBLE FIXEDASSETS
Fixtures
Church Manse and
premises premises fittings Totals
E E E E
COST OR VALUATION
At 1January
2020		 4,817,765 1,760,000 307,586 6,885,351
Additions 14,614 14,614
Revaluations 515 515
At 31December 2020 478171765 1,760,000 322,715 6,900,480
DEPRECIATION
At 1January 2020 50,582 50,582
Charge for year 20,348 20,348
At 31December 2020 70,930 70,930
NET BOOK VALUE
At 31December 2020 6,617.765 17M6M , 251,.7$5 6,62$,556
At 31December 2019 4,817,765 1,760,000 257,004 6,834,769
Building 3,117,765
Land 1,700,000
Total value 4,817,765

13. STOCKS
31.12,20 31.12.19
E E
Stocks 248 248
14. DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.20 31.12.19
E
Tax 51,955 50,519
Prepayrnents 4,515 4,444
56,470 54,963
15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.20 31.12.19
E E
Other loans (see note 16) 29,498
Other creditors 285
Accrued expenses 4,800 3,600
5,085 33,098
16. LOANS
An analysis ofthe matunty ofloans is given below:
31.12.20 31.12.19
E E
Amounts falling due within one year on demand:
Otherloans 29,498

31.12.20 31.12.19
E E
35,929 58,517

MOVEMENT IN FUNDS
Net
movement At
At 1CL20 in funds 31.12.20
E E E
Unrestricted funds
General fund 6(872,595 52„692 6,925,2S7
Youth Mission S,S38 8,538
Non-specified Fund 2,682 (286) 2,396
Missionary {Designated} Fund 13,508 (2,500) 11,008
Capital fund 35,596 3,000 38,596
Safe House Men 2,790 (1,121) 1,669
Safe House Women 66S (178) 490
Tuesday
Fellowship		 1,197 (227) 970
6,937,574 51'380 6,988'954
TOTAL FUNDS 6,937,574 51,380 6,988,954
Incoming Resources Gains and Movement
resources expended losses in funds
E E E E
Unrestricted funds
General fund 432,612 (398,837) 18,917 52,692
Non-speofied
Fund		 (286) (286)
Missionary {Designated} Fund (2,S00) (2,500)
Capital fund 3,000
Safe House Men (1,121) (1,121)
Safe House Women (178) (178)
Tuesday
Fellowship		 173 (400} (227)
435,785 (403,322) 18,917 51,380
TOTAL FUNDS 435,785 (403,322) 18,917 51,380

Net Transfers
movement between At
At 1.1.19 in funds funds 31.12.19
E E E E
Unrestricted
funds
General fund 6,792,035 45,013 35,547 6,872,595
Building
Fund		 3,172 28,132 (31,304)
Youth Mission
Non-speofied
Fund		 8,538
33i9		 (647) 8,538
2,682
Missionary
(Designated)		 Fund 13,508 13,508
Children's
Worker		 4,243 (4,243)
Capital fund 25,596 10,000 35,596
Sate House Men 3,179 (389) 2,790
Safe House Women 133 535 668
Tuesday
Fellowship		 753 444 1,197
6,854,486 83,088 6,937,574
Restricted funds
Missionary
Fund		 11,505 (11,505)
TOTAL FUNDS 6,865,991 71,583 6,937,574
Incoming Resources Gains and Movement
resources expended losses in funds
E E E E
Unrestricted
funds
General fund 418,919 l373,083) (823) 45,013
Building
Fund		 30,472 (2,290) 28,132
Non-specified
Fund		 (647) (647)
Capital fund 10,000 10,000
Safe House Men
Safe House Women		 500
650		 (889)
(115)		 (389)
535
Tuesday Fellowship 944 (500) 444
461,435 (377,524) (823) 83,088
Restricted funds
Missionary
Fund		 (11,505) (11,505)
TOTAL FUNDS 461,435 (389,029) (823) 71,583

Net Transfers
movement between At
At 1.1.19 in funds funds 31.12.20
E E E E
Unrestricted
funds
General fund 6,792,035 97,705 35,547 6,925,287
Building
Fund		 3,172 28,132 (31,304)
Youth Mission 8,538 8,538
Non-specified
Fund		 3,329 (933) 2,396
Missionary
(Designated)		 Fund 13,508 (2,500) 11,008
Children's
Worker		 4,243 (4,243)
Capital fund 25,596 13,000 38,596
Safe House Men 3,179 (1,510) 1,669
Safe House Women 133 357 490
Tuesday
Fellowship		 753 217 970
6,854,486 134,468 6,988,954
Restricted funds
lytissionary
Fund		 11,505 (11,505)
TOTAL FUNDS 6,865,991 122,963 6,988,954

Incoming Resources Gains and Movement
resources expended losses in funds
E E E
Unrestricted
funds
General fund 851,531 {771,920) 18,094 97,705
Building
Fund		 30,422 (2,290) 28,132
Non-specified
Fund		 (933) (933)
Missionary
(Designated)		 Fund (2,500) (2,500)
Capital fund 13,000 13,000
Safe House Men 500 (2,010) {1,510)
Safe House Women 650 (293) 357
Tuesday
Fellowship		 1,117 (900) 217
897,220 (780,846) 18,094 134,468
Restricted funds
Missionary
Fund		 [11,505) {11,505)
TOTAL FUN05 897,220 (792,351) 18,094 122,963

Type offinancial assumption so pa
RPI price inflation assumption 3.20
CPI price inflation assumption 2.70
Minimum
Pensionable
income
increases(CPI
plus		 0.75'K pa) 3.20
Assumed
investment
returns
- Pre retirement 2.95
- Post retirement 1.70
Deferred pension increases
-Pre April 2009 3.20
- Post April 2009 2,50
Pension increases
- Main Scheme pension
Pre April 2006		 2.70
—Main Scheme pension
Post April 2006		 2.00

31.12.?0 31.12.19
E E
Balance sheet liability at year start 58,517 62,306
Minus deficiency contributions paid (4,627) (6,035)
Interest cost (recognised in SoFA) 956 1,423
Remaining
change to balance		 sheet liability (recognised in other
gains and losses)" (18,917) 823
Balance sheet hability at year end 35,929 58,517
3L12.20 31.12.19
Discount rate 0.40'Yo 1.70~/o
Future increases to Minimum Pensionable Income 3.00% 3.20%

for the 'rear Ended 31December 2020
31.12.20 31.12.19
f f
INCOME AND ENDOVVMENTS
Donations
and legacies
Offerings 300,131 326,594
Donations 28,350 16,387
Gift aid 73,208 74,285
Legaaes 2,000 10,000
Building donations 21,365 29,610
425,054 456,876
Other trading activities
Charitable
trading		 activities 479 2,568
Investment
income
Deposit account interest 329 910
Other income
Sundry income 163 1,081
Government
grants		 9,760
9,923 1,081
Total incoming
resources		 435,785 461,435
EXPENDITURE
Raising donations and legacies
Trustees' salaries 71,584 70,393
Trustees'
NIC		 3,465 4,347
Trustees'
pension contributions		 to money
purchase schemes 14,461 10,349
Pastoral worker and cleaners 27p661 20,645
Social security 5,656 5,574
Rates and water 6,949 6,476
Insurance 1,187 1,132
Sundnes 2,156 2,510
Repairs and improvements 3,817 6,534
Ministers'
travel		 498 265
Hospitality
allowance		 tp020 1,060
Carned forward 138,454 129,285

Oetailed Statement of Financial Activities of Financial Activities of Financial Activities
for the Year Ended 31December 2020
31.12.20 31.12.19
E
Raising donations and legacies
Brought forward 138,454 129,285
Visiting preachers fees 150 955
Evangelism 7,383 2,831
Church insurance 6,396 6,202
Church repairs 5,573 8,206
Church furnishings 3,348 1,477
Church
light and heat		 10'730 11,450
Building loan 377 2,290
Pension deficit interest 956 1,423
173,367 164,119
Other trading activities
Charitable
trading		 activities 2,636
Charitable
activities
Youth minister
and		 children's worker wages 59,152 58,556
Pensions 5,033 4,095
Youth and children's work gi materials 5,786 10,751
Grants to institutions 84,999 80,352
154,970 153,754
Other
Fixtures and fittings 20,348 17,559
Support costs
Management
Wages 24,910 23,414
Catering 938 1,724
Christmas
gifts and		 presents 131 117
Postage and telephone 5,915 5,342
Printing and stationery 4,170 4,737
Subscriptions 3,750 3,579
Worship expenses Sp613 3,227
Other 4,110 5,221
49,537 47,361
Governance
costs
Auditors'
remuneration		 3,600 3,100
Carried forward 3,600 3,100

forthe Year Ended 31De cember 2020
31.12.20 31.12.19
E E
Governance
costs
Brought forward 3,600 3,100
Auditors'
remuneration		 for non audit work 1,500 500
5,100 3,600
Total resources expended 403,322 389,029
Net income 32,463 72,406