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





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|||||||||31.12.20||31.12.19|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Unrestncted|Restncted|Total||Total|
|||||||fund~|funds|funds||funds|
||||||Notes||f|f||f|
|INCOME AND|ENDOWMENTS|||FROM|||||||
|Donations<br>and|legacies||||2|425,054||425,054||456,876|
|Other trading|activities|||||479||479||2,568|
|Investment<br>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<br>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<br>gains/(losses)|||||||||||
|Actuarial<br>gains/(losses)|||on defined benefit||||||||
|schemes||||||18,917||18,917||(823)|
|Net movement|in funds|||||51,380||51,380||71,583|
|RECONCIUATION<br>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<br>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|



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|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'<br>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'<br>travel|||||498|265|
||Hospitality<br>allowance|||||1,020|1,060|
||Visiting preachers|fees||||150|955|
||Evangelism|||||7,383|2,831|
||Church<br>insurance|||||6,396|6,202|
||Church repairs|||||5,573|8,206|
||Church<br>furnishings|||||3,348|1,477|
||Church<br>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<br>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<br>Needs|||||2p000|2,000|
||Home Mission<br>Fund|||||15,400|13,685|
||Wycliffe Bible Translators||(Janet Sousterj|||11,080|10,800|





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||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<br>Agn||||||||850|600|
||London Theology|School|||||||850|600|
||Through<br>the Roof||||||||850|600|
||Spurgeons<br>Childcare||||||||850|865|
||Spurgeons<br>College||||||||850|600|
||Sat 7 Trust||||||||600|600|
||8 re adl inc||||||||850|600|
||Three: Eighteen||||||||850|600|
||Chnstian<br>Soiidanty Worldwide||||||||850|600|
||UCCF The Christian||Unions||||||850|600|
||Arab World Ministries|||||||||300|
||Christian<br>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'<br>remuneration|||for non||audit work|||1,500|500|
|9.|TRUSTEES' REMUNERATION<br>AND BENEFITS||||||||||
||||||||||31.12.20|31.12.19|
|||||||||||E|
||Trustees' salanes||||||||71,584|70,393|
||Trustees'<br>NIC||||||||3,465|4,347|
||Trustees'<br>pension|contnbutions||||to money|purchase|schemes|14p461|10,349|
||||||||||89,510|85,089|





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|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<br>numbe|r<br>ofemployees<br>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<br>and legacies||456,876||456,876|
|Other trading activities||2,568||2,568|
|Investment<br>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<br>FOR|THE STATEMENT OF FINANCIAL ACTIVITIES - continued|||||
|||||Unrestricted|Restncted|Total|
|||||funds|funds|funds|
||||||f|f|
||Charitable<br>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<br>gains/(losses)||on defined||||
||benefit schemes|||{823)||(823)|
||Net movement<br>in funds|||83,088|{11,505)|71,583|
||RECONCILIATION<br>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<br>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<br>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<br>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<br>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<br>funds||||||
|General fund||6,792,035|45,013|35,547|6,872,595|
|Building<br>Fund||3,172|28,132|(31,304)||
|Youth Mission<br>Non-speofied<br>Fund||8,538<br>33i9|(647)||8,538<br>2,682|
|Missionary<br>(Designated)|Fund|13,508|||13,508|
|Children's<br>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<br>Fellowship||753|444||1,197|
|||6,854,486|83,088||6,937,574|
|Restricted funds||||||
|Missionary<br>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<br>funds|||||
|General fund|418,919|l373,083)|(823)|45,013|
|Building<br>Fund|30,472|(2,290)||28,132|
|Non-specified<br>Fund||(647)||(647)|
|Capital fund|10,000|||10,000|
|Safe House Men<br>Safe House Women|500<br>650|(889)<br>(115)||(389)<br>535|
|Tuesday Fellowship|944|(500)||444|
||461,435|(377,524)|(823)|83,088|
|Restricted funds|||||
|Missionary<br>Fund||(11,505)||(11,505)|
|TOTAL FUNDS|461,435|(389,029)|(823)|71,583|





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||||Net|Transfers||
|---|---|---|---|---|---|
||||movement|between|At|
|||At 1.1.19|in funds|funds|31.12.20|
|||E|E|E|E|
|Unrestricted<br>funds||||||
|General fund||6,792,035|97,705|35,547|6,925,287|
|Building<br>Fund||3,172|28,132|(31,304)||
|Youth Mission||8,538|||8,538|
|Non-specified<br>Fund||3,329|(933)||2,396|
|Missionary<br>(Designated)|Fund|13,508|(2,500)||11,008|
|Children's<br>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<br>Fellowship||753|217||970|
|||6,854,486|134,468||6,988,954|
|Restricted funds||||||
|lytissionary<br>Fund||11,505|(11,505)|||
|TOTAL FUNDS||6,865,991|122,963||6,988,954|





## 

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|||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|
|||resources|expended|losses|in funds|
|||E||E|E|
|Unrestricted<br>funds||||||
|General fund||851,531|{771,920)|18,094|97,705|
|Building<br>Fund||30,422|(2,290)||28,132|
|Non-specified<br>Fund|||(933)||(933)|
|Missionary<br>(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<br>Fellowship||1,117|(900)||217|
|||897,220|(780,846)|18,094|134,468|
|Restricted funds||||||
|Missionary<br>Fund|||[11,505)||{11,505)|
|TOTAL FUN05||897,220|(792,351)|18,094|122,963|



## 

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|Type offinancial|assumption|so pa|
|---|---|---|
|RPI price inflation|assumption|3.20|
|CPI price inflation|assumption|2.70|
|Minimum<br>Pensionable<br>income|||
|increases(CPI<br>plus|0.75'K pa)|3.20|
|Assumed<br>investment<br>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<br>Pre April 2006||2.70|
|—Main Scheme pension<br>Post April 2006||2.00|





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|||||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<br>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%|





## 

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## 



## 

|for the 'rear Ended|31December|2020|||
|---|---|---|---|---|
||||31.12.20|31.12.19|
||||f|f|
|INCOME AND ENDOVVMENTS|||||
|Donations<br>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<br>trading|activities||479|2,568|
|Investment<br>income|||||
|Deposit account interest|||329|910|
|Other income|||||
|Sundry income|||163|1,081|
|Government<br>grants|||9,760||
||||9,923|1,081|
|Total incoming<br>resources|||435,785|461,435|
|EXPENDITURE|||||
|Raising donations|and legacies||||
|Trustees' salaries|||71,584|70,393|
|Trustees'<br>NIC|||3,465|4,347|
|Trustees'<br>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'<br>travel|||498|265|
|Hospitality<br>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<br>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<br>trading|activities||||2,636|
|Charitable<br>activities||||||
|Youth minister<br>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<br>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<br>costs||||||
|Auditors'<br>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<br>costs||||
|Brought forward||3,600|3,100|
|Auditors'<br>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|