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2021-12-31-accounts

3 s t D
E B		 ER2021
Note Unrestricted Restricted TOTAL 2020
Income
Donations
& Legacies		 2. 137,992 357,516 495,508 146,235
Charitable
Activities		 3. 53,435 63,435 29,074
Investment
Income		 4. 13,238 13,239 13,602
Other Income 5. 12,544 12,544 10,658
Total Income 227,209 357,517 584,726 199,569
Expenditure
Raising Funds B.
Charitable
Activities		 7. 264,813 3,871 288,684 262,158
Total Expenditure 264,813 3,871 268,684 262,158
Income l(expenditure) for the year (37,B04) 353,646 316,042 (62,589)
Other recognised gains I(losses)
Revaluation
gains on fixed assets		 13. 315,401 315,401
Revaluation
gains on investment		 assets 14. 26,911 26,911
Actuarial gains I(losses) on defined
benefit pension schemes 25. (23,866)
Net Income l(expenditure) for the year 304,708 353,646 658,354 (86,455)
Transfers
between
funds		 22,23 80 (80)
Net Movement
in Funds		 304,788 353,566 658,354 (86,455)
Reconciliation
ofFunds		 1
Total Funds brought
forward		 restated 22.,23. 5,223,016 7,788 5,230,804 5,317,259
Total Charity Funds carried forward 22.,23. 5,527,804 361,354 5,889,158 5,230,804

Note Unrestricted Restricted TOTAL 2020
Fixed Assets
Tangible Fixed Assets 13. 5,040,567 5,040,557 4,718,815
Investments 14. 239395 239,395 210,134
5,279,962 5,279,962 4,928,949
Current Assets
Debtors &Prepaymenls 15. 2,337 270,000 272,337 196,559
Stock 16. 411 411
Bank 17. 265 802 91 354 357156 114892
268,550 361,354 629,904 311,451
Current
Creditors		 Liabilities due within one year 19. 20708 20.708 ~9,596
(20,708) (20,708) (9,596)
Net Current Assets 247,842 361,354 609,196 301,855
Total Net Assets 5,527,804 361,354 5,889,158 5,230,804
Charity Funds
Total Funds brought forward restated 22.,23 5,223,016 7,788 5,230,804 5,317,259
Surplus (deficit) for year 304,788 353,566 558,354 (85,455)
Total Charity Funds carried forward 22.,23 5,527,804 361,354 5,889,158 5,230,804

Note 2021 2020
Reconciliation
ofnet cash provided		 by operating activities
Net income (expenditure) 658,354 (86,455)
Adjustments
for:
- Depreciation 8. 2,477 1,382
- (Increase)
/ decrease
in debtors		 15. (75,778) (30,607)
-(Increase)
/ decrease
in stock		 16. (411)
- (Decrease) / increase
in creditors		 11 112 128453
Net cash provided
by operating
activities		 595,754 (242,133)
Cash flows from investing
Activities:
Purchase
and revaluation
offixed and
Net cash provided
by investing
activities
investment
assets		 (353,490)
~353.490		 (22,590)~22 590
Changes
in cash and cash equivalents		 242,264 (264,723)
Cash and cash equivalents
brought forward		 16. 114,892 379615
Cash and cash equivalents
carried forward		 18. 357,156 11' ,592

Y EAR ENDED 3 1stDECEM BER 2021
Unrestricted Restricted TOTAL 2020
2. Donations
and Legacies
Offerings 90,864 5,671 96,535 89,783
Tax refunds 18,233 1,309 19,542 19,508
Donations 13,807 536 14,343 6,594
Legacies 15,088 350,000 365,088 30,350
Total 137,992 357,516 495,508 146,235
3. Charitable
Activities		 f
Local Mission events 676 678
Children
8 Families'		 Ministry 8,009 6,009 3,398
Community
Centre		 —room hire 12,750 12,750 3,936
Income from The Ark 27,321 27,321 10,965
Fees for weddings and funerals 4,165 4,165 2,565
Group activities
(Note 20.)		 2,385 2,385 3,579
Secondment
income		 9,900 9,900 4,500
Other charitable
income		 229 229 131
Total 63,435 63,435 29,074
4. Investment
Income		 f
Rent received 13,186 13,186 12,900
Bank interest 52 53 702
Total 13,238 13,239 13,602
5. Other Income f E
HMRC Furlough
grants		 12,544 12,544 10,658
12,544 12,544 10,658
6. Raising Funds
Cost ofevents
Support+ Governance costs (Note 9.)
Total
7. Charitable
Activities
Ministerial 96,712 96,712 97,665
Mission 84,040 700 84,740 55,737
Group activities (Note 20.) 1,954 1,954 3,204
Donations fgrants (Note 10.) 22,500 22,500 22,500
Establishment 22,561 2,378 24,939 48,918
Maintaining
investment		 1,204 1,204 2,289
Miscellaneous 214 214 2,325
229,185 3,078 232,263 232,638
Support+
Governance		 costs (Note 9.) 35,628 793 36,421 29,520
Total 264,813 3,871 268,684 262,158

Unrestricted Unrestricted Restricted TOTAL 2020
8. Support Costs E
Staffing 11,666 11,666 11,687
Telephone
8 IT		 4,604 4,604 4,429
Postage &stationery 809 809 1,747
Leases, licences & subscriptions 5,988 5,988 5,541
Equipment
&sundry		 costs 4,084 793 4,877 558
Depreciation 2,477 2,477 1,382
Finance costs 3,036
Total 29,628 793 30,421 28,380
9. Governance
Costs		 f F
Audit / Independent Examination 6,000 6,000 1,140
Other governance costs
Total 6,000 6,000 1,140
Support + Governance Costs apportioned to (based on use of resources
by		 cost):
F F F
Raising Funds
Charitable
Activities		 35,628 793 36,421 29,520
35,628 793 36,421
10. Donations/Grants F
BMSWorld Mission 10,500 10,500 10,500
Baptist Union Home Mission 9,500 9,500 9,500
South Wales Baptist College 2,500 2,500 2,500
22,500 22,500 22,500

Employees Employees (continue (continue (continue d)
The average number ofemployees during the year was:
Full Time
Part Time		 Total 2020
Ministerial 2 2 2
Mission 1 1 2 2
Establishment 1 1 1
Support 1 1 1
3 3 6 6
Pension contributions are paid to Defined Contribution private pension schemes on behalf ofthe Ministers.
The total amount paid into these schemes by the Church was K8,867(2019 E7,529).
One staff member is in the Baptist Pension Scheme which is a Defined Contribution scheme. The amount
paid into this Scheme was Et,994(2020Ef,994).

Fixed Assets
Unrestricted Restricted Total Church
Property
Church Fixtures, Total Church (excluding
Property Fittings, Unrestricted Property investment
(excluding Equipment Church (excluding property)
investment &Plant ~Pro
rt		 investment
property) property)
Cost or valuation
At 1stJanuary 2021 3,831,749 191,108 4,022,857 697,340 4,720,197
Transfer (see note below) 697,340 697,340 (697,340)
Restated at 1stJanuary 2021 4,529,089 191,108 4,720,197 4,720,197
Additions 4,740 4,088 8,828 8,828
4,533,829 195,196 4,729,025 4,729,025
Revaluation
gain I(loss)		 325,917 (10,516) 315,401 315,401
At 31stDecember 2021 4,859,746 184,680 5,044,426 5,044,426
Depreciation
At 1stJanuary 2021 1,382 1,382 1,382
Charge 2,477 2,477 2,477
At 31stDecember 2021 3,859 3,859 3,859
Net Book Value
At 31stDecember 2021 4,859,746 180,821 5,040,567 5,040,867
At 31stDecember 2020 3,831,749 189,726 4,021,475 697,340 4,718,815

Investments
Property Fixtures, TOTAL
Flttln9 8,
Equipment
& Plant
Cost or valuation
included in
At 1st January 2021 210,134 property 210,134
Revaluation 26,911 26,911
Additions 2,350 2,350
At 31stDecember 2021 237,045 2,350 239,395
Depreciation
At 1stJanuary 2021
Charge
At 31st December 2021
Net Book Value
At 31st December 2021 237,045 2,350 239,395
included in
At 31st December2020 210,134 ro
d		 210,134

15. Debtors &Prepa yments:
amounts		 falling due within o ne year:
Unrestricted Restricted TOTAL 2020
E f. F
Trade debtors 1,743 1,743 220
Other debtors 270,000 270,000 196,339
1,743 270,000 271,743 196,559
Prepayments 594 594
2,337 270,000 272,337 196,559
16.Stock
Catering supplies in The Ark 411 411
411 411

Unrestricted Restricted TOTAL 2020
Bank Balances
Petty Cash 139 139 100
Current Accounts 22,729 1,969 24,698 22,763
Deposit Reserve Accounts 242,934 89,385 332,319 92,029
265,802 91,354 357,156 114,892

Operating
Leases		 Operating
Leases
The following
operational		 leases were in existence at 31st December 2021
Due in less than 1 year 2,271 2,271 854
Due in 2—5years (per year) 2,271 2,271
Creditors: amounts
falling		 due within one year
Other taxation and social security 2,690 2,690
Other creditors 1,034 1,034 1,033
Trade creditors and accruals 16,984 16,984 8,563
20,708 20,708 9,596
Group Activities (Designated Funds only)
Designated 2020
income Expenditure TOTAL
f
Luncheon
Club		 563
Mid Week Meeting 2,310 1,914 39B (29)
Christians
Against Torture		 75 40 35 (359)
2,385 1,954 431 175
less gift to the Church
from the		 Mid Week
Meeting (deemed an internal transaction) (300) 300 200
2,385 1,654 731 375
The activities of Groups are considered to be integral
to		 the activities of the Church for local
outreach.
The Luncheon		 Club was merged with The Ark in June 2021, which
is part of the
normal
Church activities.

21. Analysis of Net Assets B et ween Funds
Unrestricted Restricted TOTAL 2020
Tangible Net Assets 5,040,567 5,040,567 4,718,815
Investments 239,395 239,395 210,134
Bank 265,802 91,354 357,156 114,892
Other net current assets (17,960 270,000 252,040 186,963
5,527,804 361,354 5,889,158 0,230,004
22. Movement in Unrestricted Funds
Unrestricted Funds 01/01/2021 Incoming Resources Transfers 31/12/2021
Resources Expended
General 4,435,063 562,084 (262,859) (152,838) 4,581,450
Restatement ofRestricted Fixed Assets 697,340 697,340
5,132,403 562,084 (262,859) (152,838) 5,278,790
Designated Funds 01/01/2021 Incoming Resources Transfers 31/12/2021
Resources Expended
E
Group Activities 3,938 2,385 (1,954) (3,289) 1,080
Legacy 86,675 52 156,207 242,934
Donations 5000 5,000
90,613 7,437 (1,954) 152,918 249,014
Total Restated Unrestricted Funds 01/01/2021 Incoming Resources Transfers 31/12/2021
Resources Expended
5,223,016 569,521 (264,813) 80 5,527,804

2021 2020
E E
Instruments measured at fair value through profit or loss:
Tangible Fixed Assets 5,040,567 4,718,815
Investment Assets 239,395 210,134
2,279,942 4,922,949

Unrestricted Restricted TOTAL 2019
Income
Donations
&Legacies		 137,755 8,480 146,235 717,553
Charitable
Activities		 29,074 29,074 62,822
Investment
Income		 13,149 453 13,602 12,900
Other Income 10658 10,658
Total Income 190,636 8,933 199,569 793,275
Expenditure
Raising Funds 680
Charitable
Activities		 258 195 3963 262 158 264,829
Total Expenditure 258,195 3,963 262,158 265,509
Net income l(expenditure) for the year (67,559) 4,970 (62,589) 527,766
Other recognised
gains I(losses)
Surplus
on revaluation		 ofassets 1,786,686
Actuarial gains i(losses) on
pension schemes		 defined benefit 23,866) (23,866) (621)
(91,425) 4,970 (86,455) 2,313,831
Transfers
between
funds		 (70,387) 70,387
Net Movement
in Funds		 (181,812) 15,353 (88,455) 2,313,831
Reconciliation
ofFunds
Total Funds brought forwani 4,687,488 629,771 5,317,259 3,003,428
Total Funds carried forward 4,525,676 705,128 5,230,804 5,317,259
Total Funds carried forward restated 5,223,016 7,788 5,230,804 5,317,259