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2021-12-31-accounts

KRBC ANNUAL TRUSTEES REPORT – 2021

Kendal Road Baptist Church

Trustees Report – 2021

Contents
Contents
Page
Aim
2
Leadership & Organisation
2
Activities
3
a)
Gather
3
b)
Grow
3
c)
Go
4
d)
Children & Youth
4
e)
Support & Enable
5
Achievements
5
Financial Summary
5
Administrative Information
6
a)Charity Information
6
b)Governance
7
i)Governing Documents
7
ii)Trustees
7
Public Benefit
7
Declaration of Approval
7
1)
2)
3) Activities
a)
b)
c)
d)
e)
4) Achievements
5) Financial Summary
6)
a)
b)
i)
ii)
7) Public Benefit
8) Declaration of

KENDAL ROAD BAPTIST CHURCH

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KRBC ANNUAL TRUSTEES REPORT – 2021

1) Aim

The church’s mission is summarised as “Loving God, and Loving Others, from Longlevens…” and its aim is to provide an environment in which people can, and are encouraged to, express their love for God and others through Christian worship and service. As part of this, the church aims to provide opportunities for people to understand and respond to the Gospel, the Good News of Jesus Christ, as expressed in the Bible.

2) Leadership & Organisation

The overall leadership of the church is the responsibility of a core leadership team of ‘Elders’, the managing trustees, who meet regularly to discuss and decide on matters relating to the church. The Elders are appointed by election from within the church to serve for a term of four years, after which they are eligible for reappointment.

The church is organised into five areas of responsibility:

The leaders and teams responsible for the different functions within these areas meet with the Elders through the year in rotation. The various leaders involved are appointed by election from within the church, at the recommendation of the Eldership, with the key leaders usually serving for a term of three years, after which they are eligible for reappointment.

During the year there are Church Members' meetings and Open Forums, which provide an opportunity for wider consultation within the church and consideration of specific proposals. Whilst decisions at these meetings are usually reached through consensus, a formal voting process is used as appropriate.

The church has various volunteer staff to perform particular roles each of which fits within this leadership and organisation. The church employs paid staff as Pastor, Children & Families’ Worker and a Cleaner, all of whom continued to be paid in full throughout the Covid-19 pandemic.

The uncertainties associated with what arrangements were possible during the pandemic remained throughout the year. The various online systems adopted last year as a result of the restrictions continued to be used, with a gradual return to in-person meetings as controls were eased. Sunday worship in the building resumed from May, the Annual General Meeting was delayed until it could be physically convened in September, and church members’ meetings thereafter. These meetings were also livestreamed so that wide participation could be maintained.

KENDAL ROAD BAPTIST CHURCH

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KRBC ANNUAL TRUSTEES REPORT – 2021

3) Activities

a) Gather

Worship – a public service of Christian worship takes place every Sunday morning, including songs, prayers and a sermon, with communion included once a month (normally the third Sunday of the month). Some Sunday evenings there is a public service with worship and prayer, with other Sunday evenings being used for a variety of discussion, ‘Open Forums’ and ‘Church Members’ Meetings’, as necessary.

Ministry – during the second two-thirds of the Sunday morning service there is usually a sermon, which provides biblical teaching applicable to everyday life. As part of this there is opportunity for people to receive particular prayer and advice with life situations. Seven members have shared the preaching responsibilities, occasionally supplemented by guests.

Prayer – prayer is an important part of all church activities, but specific prayer events are organised, including designated seasons of prayer in which everyone is encouraged to participate. The church followed the international “Thy Kingdom Come” prayer initiative. Daily and weekly prayer prompts were circulated by email and WhatsApp.

b)

Grow

Fellowship – making meaningful relationships is important, for it is at the heart of the Christian faith, so emphasis is placed on people sharing together (fellowship) both socially and in practical activities. Whilst this takes place naturally, as people take part in general church activities, the church also runs small groups during the week to encourage people to grow together and in their faith. All of these continued to meet virtually.

Pastoral Care – care for individuals within the church takes place at a variety of levels, normally in small groups, natural friendships and fellowship through activities. However, where people have particular needs a network of carers seeks to provide the level of support required, liaising with the Pastoral Deacon and Elders as appropriate.

Discipleship – learning about the Christian faith, and putting it into practice, is a vital part of being followers of Jesus, requiring personal responsibility and mutual support. Whilst the Sunday teaching programme plays a significant role, the more informal small-group setting and mutual accountability aims to provide the environment to facilitate growth as a Christian.

KENDAL ROAD BAPTIST CHURCH

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KRBC ANNUAL TRUSTEES REPORT – 2021

c) Go

Outreach – the church runs a number of specific groups (e.g. Take A Break, Out to Lunch ), annual activities (e.g. The Light Party, Community Fun Day), as well as oneoff events (e.g. Quiz Night) to serve the local community and encourage people to get involved in the church.

The seniors Out to Lunch opened again in September, and the Retro Computing day took place in October. The church was invited to join with others in the city to be a location for the Holiday Activities and Food programme for families, funded nationally but planned through local authorities. In the summer meals were served and outdoor activities provided; at Christmas a dinner was served and indoor entertainment arranged. Local families appreciated these events.

During lockdown it became apparent that some mothers with new babies in our area were feeling isolated. A group was started to address the need for friendship and support, and has worked well. One of the families asked for their baby to be dedicated at Sunday worship. The carers and toddlers group has started again, now operating as two sessions each week in order to reduce the numbers at each and thus facilitate relationship building.

Welcome – the church encourages the community to visit its regular activities, including Sunday worship and has a ‘welcome team’ to provide newcomers with a warm welcome and help them integrate into the church.

Mission – the church supports a number of missions operating in the UK (e.g. Baptist Home Mission, Food Bank) and overseas (e.g. BMS World Mission, Sharp Memorial School for the Blind and Baptist Union in Albania) each with a ‘Mission Champion’ who coordinates the church’s engagement with the mission and encourages people to support them in prayer, relationship and financially.

d)

Children & Youth

Junior Church – during the second two-thirds of the Sunday morning service the children up to school year 10 (age 15) have their own age-appropriate activities incorporating worship and teaching. There is a crèche for pre-school children. The Sunday morning schedule includes All-age and Family services when whole families are encouraged to worship and learn together . The older youth have their own group – Banana Tree - that meets most Sunday evenings.

Kendal Kids and Kendal Youth – on Wednesday and Friday evenings the church runs clubs for primary school aged children and young people aged 11-16 within the community. These groups are focused around a variety of activities, craft, games and fun, they have some Christian content, usually in the form of Christian teaching. These clubs began to meet again in the autumn.

KENDAL ROAD BAPTIST CHURCH

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KRBC ANNUAL TRUSTEES REPORT – 2021

Families – the church aims to provide a link with the parents of those attending children’s activities, offering support where possible and encouraging them to come to the outreach activities.

e) Support & Enable

Finance – the church is almost exclusively financed by the individual giving of its members and the finance team supports and enables the various activities by managing the income and expenditure of the church according to an annual budget agreed by the church.

Facilities – the church occupies its own premises, including a large hall and a small hall with catering facilities. The management and upkeep of the buildings is the responsibility of the facilities team. Some of the facilities are available for hire by the local community.

Administration – the organisation and communication required in the church, which is predominantly run by volunteers, is significant and includes such tasks as maintaining the membership roll, managing the diary and rotas, general communication and publicity as well as the official secretarial role of the church.

4) Achievements

At year-end counts showed typical numbers of regular weekly contact occasions as:

There were 48 people who were sufficiently active to be eligible to vote at members meetings.

These statistics reflect the re-establishment of children’s and youth work, but also the number of members who died in 2020.

There was one baptism in the year.

5) Financial Summary

The comprehensive analysis and notes appended to the Statement of Financial Activities (SOFA) show the details from which this financial summary is drawn. Offering income decreased by around £9,000 but overall income still slightly exceeded total expenditure. There was no significant expenditure on the building itself but some audio-visual equipment was upgraded.

2020 2021
Voluntary Offerings: £111,400 £102,316
(excluding gift aid)
Unrestricted Expenditure: £100,368 £104,717
(excluding building improvements)

KENDAL ROAD BAPTIST CHURCH

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KRBC ANNUAL TRUSTEES REPORT – 2021

Reserves

The Church only maintains specific reserves where a clearly declared purpose has been agreed by the Church. When a purpose has been achieved, or is no longer felt to be achievable, the agreement of Church will be sought to close a specific reserve and use the money in other ways. Money for specific reserves is normally allocated in the budget, but may be topped-up by transfers to Reserves before any end of year surplus is declared.

of year surplus is declared.
2020 2021
General Reserve: £36,954 £36,954
Building Development Reserve: £10,919 £8,919
Restricted Development Fund: £0 £5,000
Additional Workers Reserve: £52,045 £50,586
Manse Rental Reserve £12,000 £14,830
Sabbatical Reserve: £1,699 £2,149
Pastoral Care Reserve: £1,000 £1,000
Training Reserve: £1,000 £1,000
Church Weekend Reserve: £1,343 £2,543
Technology Reserve: £3,000 £2,301

6) Administrative Information

a) Charity Information

Name:

Kendal Road Baptist Church, Kendal Road, Gloucester, GL2 0NB.

Registration:

The charity (No. 1132818) was registered on 19th November 2009.

Financial Year

January to December.

Bankers:

HSBC plc, The Cross, Gloucester, GL1 2AP.

CAF Bank Limited, Kings Hill, West Malling, Kent, ME19 4TA.

Examiner:

Thomas Payne FCCA,

Abaqus Ltd, 49 Brionne Way, Longlevens, Gloucester, GL2 0TW

KENDAL ROAD BAPTIST CHURCH

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KRBC ANNUAL TRUSTEES REPORT – 2021

b) Governance

i) Governing Documents

The affairs of the Church are governed by the Trust Deeds (11th December 1940) and by a Constitution (1st July 2009) based on the model provided by the Baptist Union following consultations with the Charity Commission. During the year the church agreed that work should be started with a view to changing its legal status to a Charitable Incorporated Organisation.

Trustees ii)

The Baptist Union Corporation acts as Custodian or Holding Trustee for the church property, whilst the day to day running is entrusted to the following who are the Managing Trustees...

7) Public Benefit

The trustees have considered the Charity Commission’s general guidance on public benefit and in particular its supplementary guidance on the advancement of religion for the public benefit, with these being reflected in the presentation and content of this report.

The church has a “Safeguarding Policy” for children and vulnerable adults; as part of this the church obtains ‘Disclosure and Barring Service’ checks for all leaders and helpers involved.

8) Declaration of Approval

In our capacity as charity trustees, we declare that we have approved the above report.

Rev. Steve Ayers Signed: ........................... Date: ................
Mr. Brian Bruce Signed: ........................... Date: ................
Dr. Iain Jarvis Signed: ........................... Date: ...............
Mr Martin Leckebusch Signed: ........................... Date: ...............

KENDAL ROAD BAPTIST CHURCH

PAGE: 7

KENDAL ROAD BAPTIST CHURCH

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

Income and endowments from
Donations and legacies
2
Investment income
3
Other trading activities
Charitable activities
4
Other
5
Total income
Expenditure
Raising Funds
6
Charitable Activities
7
Other Expenditure
8
Total Expenditure
10
Net income / (expenditure)
before Gains and losses on
investments
Net gains/ (losses) on Investments
13
Net Income / (Expenditure) for
the year
Transfers between funds
14
Other recognised gains/(losses)
Net gains/ (losses) on the revaluation
of fixed assets
Actuarial gains/(losses) on defined
benefit pensions schemes
28
Net Movement in Funds
Reconciliation of Funds:
Total Funds brought forward
Total Funds carried forward
Comparative figures for each fund are
shown in the notes to the accounts
Note		 Total
2021
2020
£
£
£
£
£
£
£105,750
£17,660
£7,796
£0
£131,206
£133,076
£174
£0
£5
£0
£179
£304
£0
£2,097
£0
£0
£2,097
£1,329
£138
£0
£0
£0
£138
£415
£106,062
£19,757
£7,801
£0
£133,620
£135,124
£0
£0
£0
£0
£0
£0
£104,717
£16,694
£2,801
£0
£124,211
£115,598
£0
£0
£0
£0
£0
£0
£104,717
£16,694
£2,801
£0
£124,211
£115,598
£0
£0
£0
£0
£0
£0
£2,508
-£2,508
£0
£0
£0
£0
£3,853
£555
£5,000
£0
£9,409
£19,526
£1,921
£121,254
£1,000
£1,425,477
£1,549,651
£1,530,125
£5,774
£121,809
£6,000
£1,425,477
£1,559,060
£1,549,651
Restricted
Endowment
Unrestricted
Designated

Page 1 of 12

KENDAL ROAD BAPTIST CHURCH

BALANCE SHEET 31 DECEMBER 2021
Notes
Fixed Assets
Tangible Fixed Assets
16
Investments
17
Current Assets
Stocks
18
Debtors
19
Investments
20
Bank and Cash
21
Current Liabilities
Creditors: amounts falling due within
one year
22
Net Current Assets
Total assets less current liabilities
Creditors: amounts falling due after
more than one year
23
Net Assets excluding pension liability
Defined benefit pension scheme
28
Asset or liability (-£34,452)
Total net assets or liabilities
Charity Funds
Endowment
24
Restricted
25
Designated
26
Unrestricted
Total Charity Funds		 £
£
£1,431,251
£0
£1,431,251
£0
£2,206
£0
£131,332
£133,538
£5,729
£127,809
£0
£1,559,060
£1,425,477
£6,000
£121,809
£5,774
£1,559,060
2021		 £
£
£1,427,398
£0
£1,427,398
£0
£2,139
£0
£127,379
£129,517
£7,263
£122,254
£0
£1,549,651
£1,425,477
£1,000
£121,254
£1,921
£1,549,651
2020

The notes on pages [1-12] form an integral part of these accounts These accounts were approved by the Trustees on xx/xx/22 and signed by:

Page 2 of 12

KENDAL ROAD BAPTIST CHURCH

NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2021

1. ACCOUNTING POLICIES

a. Basis of preparation

The accounts are prepared in accordance with the, Charities Statement of Recommended Practice (Charities SORP 2015), FRS102 and with the Charities Act 2011

Kendal Road Baptist Church is a registered charity, no. 1132818 and meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognized at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

b. Income recognition

All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

c. Donations

Donations are accounted for gross when received. Fixed asset gifts in kind are recognized when receivable and are included at fair value.

d. Legacies

Legacies are accounted for at the earlier of the Estate accounts being finalised and notified and the legacy being received.

e. Investment Income

Investment income is included in the accounts in the year in which it is receivable.

f. Expenditure recognition

All expenditure is accounted for on an accruals basis. Expenditure is recognized where there is a legal or constructive obligation to make payments to third parties, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

g. Costs of raising funds

The Church does not make formal appeals for funds, and expenditure on these items is therefore not material.

h. Grants payable

The Church makes grants to other organisations whose charitable objects complement its work. They are accounted for when the recipient has been notified of the grant and payment is unconditional.

i. Support costs

Support costs are those that assist the work of the church but do not directly represent charitable activities and include office costs and governance cost. Where support costs cannot be directly attributed to particular headings they have been allocated to the cost of raising funds and expenditure on charitable activities on a basis consistent with the use of resources. This represents direct expenditure on the governance of the church. Most of the management is carried out without charge by volunteers. This intangible cost is not included in the Statement of Financial Activities since there is no measurable cost to the volunteers for their service.

j. Fixed Assets

Tangible fixed assets are capitalised if they can be used for more than one year and cost at least £1,000. They are initially recognised at cost, or for donated assets, at a reasonable estimate of their value on receipt. There is no reliable information available for the cost of the church premises and so on first time adoption of FRS102, the insurance value used previously was adopted as deemed cost.

k. Depreciation

Depreciation is provided on all fixed assets, other than freehold land, to write off the cost on a straight-line basis over their expected useful life, at the following rates:

Freehold land Nil
Buildings Nil
Furniture and fittings 10%
Computers and equipment 25%
l. Investment Assets

Investments are initially stated at cost. Subsequently they are measured at fair value with changes recognized in the Statement of Financial Activities if the shares are publically traded or their fair value can otherwise be measured reliably. All other investment assets are shown at cost less impairment.

m. Funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Endowment funds represent those assets which must be held permanently by the charity, principally the church building. Income arising on the endowment funds can be used in accordance with the objects of the charity and is included as unrestricted income. Any capital gains or losses arising on the investments form part of the fund. Investment management charges and legal advice relating to the fund are charged against the fund.

Page 3 of 12

n. Employee benefits

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as an expense when they are due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in an independently administered fund.

Prior to 2012 pension provision was made through multi-employer defined benefit pension plans. Where it is not possible for the charity to obtain sufficient information to enable it to account for a plan as a defined benefit plan, it accounts for the plan as a defined contribution plan.

Where the plan is in deficit and where the charity has agreed, with the plan, to participate in a deficit funding arrangement, the charity recognises a liability for this obligation. The amount recognised is the net present value of the contributions payable under the agreement that relate to the deficit. This amount is shown in Note 28.

2. Donations and Legacies
Donations and Legacies
Offerings - Church
Offerings - Sunday School
Directed Gifts
Development Fund Directed Gifts
Tax refunds
Donations
Grants received
Legacies
Total (to agree with SoFA)		 Unrestricted
Designated
Restricted
Endowment
2021
2020
£101,266
£101,266
£110,790
£0
£0
£16
£2,305
£2,305
£2,155
£4,000
£4,000
£0
£1,434
£17,660
£1,000
£20,094
£19,507
£1,050
£100
£1,150
£610
£2,000
£391
£2,391
£0
£0
£0
£105,750
£17,660
£7,796
£0
£131,206
£133,076

In 2020 Donations & Legacies income comprised: £119,506 unrestricted, £11,416 designated and £2,155 restricted funds.

3. Investment Income

Investment Income Unrestricted
Designated
Restricted
Endowment
2021
2020
Bank interest £174
£5
£179
£304
Income from other investments £0
£0
Total (to agree with SoFA) £174
£0
£5
£0
£179
£304
In 2020 Investment income was £299 unrestricted and £5 restricted funds.
4 Income from charitable
activities
Income from other trading Unrestricted
Designated
Restricted
Endowment
2021
2020
activities
Klubz £365
£365
£334
Out to lunch £1,375
£1,375
£688
Take-a-Break £356
£356
£307
Total (to agree with SoFA) £0
£2,097
£0
£0
£2,097
£1,329
In 2020 income from charitable activities was £1,329 designated funds.
5. Other income
Other income Unrestricted
Designated
Restricted
Endowment
2021
2020
Weekend Away accomodation fees £0
£0
£0
Rent received £138
£138
£415
Total (to agree with SoFA) £138
£0
£0
£0
£138
£415
In 2020 rental income was £415 unrestricted funds.

Page 4 of 12

6. Raising Funds

Raising Funds
Total (to agree with SoFA)
7. Charitable Activities
Charitable Activities
Ministry
Mission - Indirect
Mission - Direct
Klubz
Out to lunch
Take-a-Break
Establishment
Total (to agree with SoFA)
N/A		 Unrestricted
Designated
Restricted
Endowment
2021
2020
£0
£0
£0
£0
£0
£0
Unrestricted
Designated
Restricted
Endowment
2021
2020
£42,697
£14,830
£57,527
£50,273
£18,252
£0
£2,305
£0
£20,557
£22,420
£25,571
£0
£391
£25,962
£24,232
£279
£279
£462
£1,431
£105
£1,536
£719
£154
£154
£479
£18,197
£0
£18,197
£17,014
£104,717
£16,694
£2,801
£0
£124,211
£115,598

Ministry comprises Pastor Stipend, Pension, National Insurance, Travel & Expenses (including Sabbatical), Pulpit supplies, and Manse Utilities and Upkeep costs. The church had a full time pastor in 2021. Ministry includes their stipend and training course fees and expenses.

Mission - Indirect comprises Gifts and Grants to other causes.

Mission - Direct comprises House Groups, Klubz, Out to Lunch, Outreach, Pastoral, Sunday School, Training, Worship and Young People including the salary of the Children's worker.

Establishment comprises Administration, Church Utilities and Upkeep, Cleaning wages, and Depreciation of Fixtures, Fittings and Equipment.

In 2020 Charitable Activities expenditure was £100,368 unrestricted, £13,070 designated and £2,160 restricted funds.

8. Other Expenditure

Other Expenditure
Total (to agree with SoFA)
9. Support costs
Support costs
Administrative Costs
Finance
IT
Office costs
Governance costs:
Independent Examinations costs
Total (to agree with SoFA)
10. Expenditure
Expenditure
Ministry
Mission - Direct
Mission - Indirect
Establishment
Support costs
Governance costs
Total (to agree with SoFA)
In 2020 support costs were £838 unrestricted funds.		 Unrestricted
Designated
Restricted
Endowment
2021
2020
£0
£0
£0
£0
£0
£0
Unrestricted
Designated
Restricted
Endowment
2021
2020
£61
£61
£71
£311
£311
£306
£24
£24
£0
£395
£395
£461
£375
£375
£0
£1,166
£0
£0
£0
£1,166
£838
Unrestricted
Designated
Restricted
Endowment
2021
2020
£42,697
£14,830
£57,527
£50,273
£25,571
£1,864
£496
£27,930
£25,891
£18,252
£0
£2,305
£0
£20,557
£22,420
£17,031
£0
£17,031
£16,176
£791
£0
£0
£0
£791
£838
£375
£0
£0
£0
£375
£0
£104,717
£16,694
£2,801
£0
£124,211
£115,598

This note reanalyses all of the costs in the previous notes between direct charitable costs, grants and support costs. The grant funding will agree with note 11 and support costs will agree with note 9.

Page 5 of 12

11. Grants payable

Grants payable
BUGB Home Mission
BMS World Mission
Op Mobilisation
Albania church support
Wycliffe Translators
HCJB-UK
ECM
Sharp School
Food Bank
Gloucester City Mission
World Café
Gloucestershire CU
Nottingham Ministry training
Gloucester CAP
CM internship support
Canterbury Internship (BA)
Costwold Bible Festival
WEBox
Redcliffe College
Miscellaneous costs
Total (to agree with SoFA)		 Unrestricted
Designated
Restricted
Endowment
2021
2020
£3,300
£0
£3,300
£3,300
£3,574
£475
£4,049
£7,300
£4,920
£0
£4,920
£5,525
£948
£1,800
£2,748
£2,318
£948
£0
£948
£948
£948
£0
£948
£948
£948
£0
£948
£948
£300
£0
£0
£300
£637
£396
£0
£396
£396
£0
£0
£0
£0
£0
£0
£0
£100
£250
£0
£250
£0
£720
£0
£720
£0
£1,000
£0
£1,000
£0
£0
£0
£0
£0
£0
£0
£0
£0
£0
£0
£0
£0
£0
£30
£30
£0
£0
£0
£0
£0
£0
£0
£0
£0
£18,252
£0
£2,305
£0
£20,557
£22,420

In 2020 Grants payable were £20,430 unrestricted, £16 designated and £1,975 restricted funds.

12. Net income for the year

12. Net income for the year
Net income for the year 2021
2020
Net income for the year is stated after
charging/(crediting)
Auditors/independent examiners’
remuneration:
Audit/independent examination £375
£0

13 Gains and losses on revaluations and disposals of investment assets

Where a church holds stock exchange investments or buildings used for income purposes rather than the furtherance of the church’s objectives, gains and losses will be shown here. These assets should be shown at market value on each balance sheet date, and so there will be a gain or loss each year.

14 Transfers between funds

Fund
Unrestricted Funds
Development Fund (designated)
Expenditure on Building
Development Fund (restricted)
Manse Rent Reserve
Sabbatical Reserve
Development Fund (from
budget/surplus)
Weekend Away Reserve
Technology Fund
Additional Worker Fund
Transfer To Church Property Fund
Total		 Unrestricted
Designated
Restricted
Endowment
Total
2017
-£191
-£191
£2,000
-£2,000
£0
£0
£0
£0
£0
£450
£450
£0
£0
£0
£0
£1,200
£1,200
£699
-£699
£0
-£1,459
-£1,459
£0
£0
£2,508
-£2,508
£0
£0
£0

Unrestricted Funds - Unallocated money at end of year distributed to Designated and Restricted funds

Church Property Fund- Total capital value added to church building in 2021 (£0)

Page 6 of 12

15 Staff costs and Trustees expenses

Staff costs and Trustees expenses
Salaries
Gross salary
Social security costs
Employers national
insurance
Pension costs
Employers pension
contributions
Pastor Travel & Expenses
Manse rent
Other costs
Council tax, water,
telephone (not motor)
Total		 2021
2020
£51,571
£51,365
£0
£199
£8,996
£7,958
£522
£709
£14,830
£11,400
£5,374
£3,970
£81,292
£75,601

The average number of employees during the year was 3

No employee received emoluments in excess of £60,000 during the year. £0 in total was reimbursed to the Trustees in respect of expenses incurred as Trustees (2020 £0).

The Church pays pension contributions for its Minister to the Baptist Ministers Pension Trust Limited, which is a final salary defined benefit scheme, which is not contracted out of the State second pension. The scheme is a multi-employer scheme and it is not possible to identify the assets and liabilities of the scheme which are attributable to the church. Therefore, in accordance with FRS102 Section 28, the liability to the scheme is accounted for on the basis of a discounted cashflow of contributions due under the Schedule of Contributions.

Total aggregate remuneration paid to key management personnel during the year was £0 (2020 £0)

16 Tangible Fixed Assets

Tangible Fixed Assets
Cost
01-Jan-21
Additions
Disposal
31-Dec-21
Depreciation
01-Jan-21
Charge for the year
On disposals
31-Dec-21
Net book value
01-Jan-21
31-Dec-21		 Church Premises
Manses
Furniture and
fittings
Computers
and
equipment
Total
£1,425,477
£0
£45,324
£5,813
£1,476,614
£0
£0
£3,117
£1,974
£5,091
£0
£0
£0
£0
£0
£1,425,477
£0
£48,441
£7,787
£1,481,705
£0
£0
£43,578
£5,639
£49,216
£0
£0
£619
£618
£1,237
£0
£0
£0
£0
£0
£0
£0
£44,197
£6,257
£50,454
£1,425,477
£0
£1,746
£174
£1,427,398
£1,425,477
£0
£4,244
£1,530
£1,431,251

All of the fixed assets are used for direct charitable purposes.

Page 7 of 12

17 Investments

This note refers to properties and stock exchange and other securities deliberately held on a long term basis, not simply the prudent investment of short term surplus funds.

Investments
01-Jan
Additions
Disposal
Gains and losses on investments
31-Dec		 2021
2020
£0
£0
£0
£0
£0
£0
£0
£0
£0
£0

The fair value of listed investments is determined by reference to the quote bid price on the relevant stock exchange on the balance sheet date.

18 Stocks

Most churches will not have material stocks of goods. There may however be material stocks within a church bookstall, or in a coffee shop or lunch club.

19 Debtors

Debtors
Accrued income
Prepayment and other debtors
Outstanding HMRC Gift Aid Tax
31-Dec		 2021
2020
£533
£0
£0
£300
£1,673
£1,839
£2,206
£2,139

20 Investments

These represent short-term listed investments and short term deposits.

21 Bank and cash balances

Bank and cash balances
HSBC plc
Caf Bank Ltd
Baptist Union Deposit Fund
Klubz
Out to lunch
Take-a-Break
Total
22 Creditors: amounts falling due within one year
Creditors:
amounts
falling
due
within one year
Travel & Expenses
Grants Payable
PAYE Tax & NI
Gas & Electricity Bills
Other Creditors
Total		 2021
2020
£28,061
£24,520
£16,036
£16,035
£85,707
£85,530
£677
£591
£621
£677
£229
£26
£131,332
£127,379
2021
2020
£815
£148
£1,717
£4,507
£1,880
£1,944
£599
£626
£718
£38
£5,729
£7,263

Page 8 of 12

23 Creditors: amounts falling due after more than one year

Creditors:
amounts
falling
due
after more than one year
Loans
Bank
Total
24. Endowment Funds
Endowment Funds
Church building fund
Total
Endowment Funds
Church building fund
Total
25. Restricted Funds
Restricted Funds
Building Development Gifts Fund
Jack Ashmead Trust Fund
Total
The Church building fund represents the fund value of th		 2021
2020
£0
£0
£0
£0
£0
£0
31-Dec
2021
£1,425,477
£0
£1,425,477
£1,425,477
£0
£0
£0
£0
£1,425,477
Fixed Asset
Investment
Current Asset
Total
£1,425,477
£1,425,477
£1,425,477
£0
£0
£1,425,477
31-Dec
2021
£0
£5,000
£0
£0
£5,000
£1,000
£5
£5
£1,000
£1,000
£5,005
£5
£0
£0
£6,000
e church premises.
01-Jan-21
Transfers
01-Jan-21
Incoming
Resources
Resources
expended
Gains and
loses
Transfers
Incoming
Resources
Resources
expended
Gains and
loses

The Jack Ashmead Trust Fund exists to provide an annual income to the Luncheon Club (Out to Lunch). The £1,000 was invested in a UK Government Bond that matured in 2013 and was then converted into a cash fund.

The Building Development Gifts Fund accounts for restricted income towards building development projects (future purchase of a manse).

Restricted Funds
Building Development Gifts Fund
Jack Ashmead Trust Fund
Total		 Fixed Asset
Investment
Current Asset
Total
£5,000
£5,000
£1,000
£1,000
£0
£0
£6,000
£6,000

Page 9 of 12

26. Designated Funds

Designated Funds
Training reserve
Pastoral reserve
Sabatical reserve
Weekend away reserve
Manse rental
Additional workers fund
General reserve
Building development fund
Klubz
Take-a-break
Out to lunch
Technology fund
Totals		 31-Dec
2021
£1,000
£1,000
£1,000
£1,000
£1,699
£0
£450
£2,149
£1,343
£0
£1,200
£2,543
£12,000
£17,660
£14,830
£14,830
£52,045
-£1,459
£50,586
£36,954
£0
£36,954
£10,919
-£2,000
£8,919
£591
£365
£279
£677
£26
£356
£154
£229
£677
£1,375
£1,431
£621
£3,000
-£699
£2,301
£121,254
£19,757
£16,694
£0
-£2,508
£121,809
Transfers
01-Jan-21
Gains and
loses
Incoming
Resources
Resources
expended

The Church has committed to maintaining Designated Reserves as follows:

• two at a fixed level at the start of each financial year to cover unpredictable expenditure: Pastoral Care (£1,000) and Training (£1,000)

• two to spread large costs over a number of years: Sabbatical (£3,150 over 7 Years) and Church Weekend (£3,600 over 3 years)

• two to invest money in large future projects: Building Development and Additional Worker

• one to fund Manse Rental

The Additional Staff Worker Fund is established to partially support the staff workers in addition to a Pastor

The Building Development Fund contains Church money designated to building development projects. Restricted funds specifically raised for building development (future manse purchase) are shown under Building Development Gifts Fund.

The General Reserve is maintained at a level to enable the Church to meet its ministerial/staff commitments in the event of a loss of income.

Klubz are the outreach to young people, consisting of four midweek groups and Take-a-Break is the outreach to Parents with Babies and Toddlers.

Technology fund created to facilitate purchase of new Audio Visual equipment

Designated Funds
Training reserve
Pastoral reserve
Sabatical reserve
Weekend away reserve
Manse rental
Additional workers fund
General reserve
Building development fund
Klubz
Take-a-break
Out to lunch
Technology fund
Totals
27. Analysis of net assets
Analysis of net assets
Endowment Funds per note 24
Restricted Funds per note 25
Designated Funds per note 26
Unrestricted Funds
Totals		 Fixed Asset
Investment
Current Asset
Total
£1,000
£1,000
£1,000
£1,000
£2,149
£2,149
£2,543
£2,543
£14,830
£14,830
£50,586
£50,586
£36,954
£36,954
£8,919
£8,919
£677
£677
£229
£229
£621
£621
£2,301
£2,301
£0
£0
£121,809
£121,809
Fixed Asset
Investment
Current Asset
Total
£1,425,477
£1,425,477
£6,000
£6,000
£121,809
£121,809
£5,774
£5,774
£1,425,477
£0
£133,583
£1,559,060

Page 10 of 12

28. Pensions

The Church is a participating employer the Baptist Pension Scheme (“the Scheme”), which is a separate legal entity administered by the Pension Trustee (Baptist Pension Trust Limited). The assets of the Scheme are held separately from those of the Employer and the other participating employers.

The Scheme, previously known as the Baptist Ministers’ Pension Fund, started in 1925, but was closed to future accrual of defined benefits on 31 December 2011. Prior to this date the main benefit provided through the Defined Benefit (DB) Plan was a pension of one eightieth of final minimum pensionable income for each year of pensionable service together with additional pension in respect of premiums paid on Pensionable Income in excess of Minimum Pensionable Income.

From January 2012, pension provision is being made through the Defined Contribution (DC) Plan within the Scheme. In general, members pay 8% of their Pensionable Income and employers pay 6% of members’ Pensionable Income into individual pension accounts, which are operated and managed on behalf of the Pension Trustee by Broadstone Corporate Benefits Ltd. In addition, the employer pays a further 4% of Pensionable Income to cover Death in Service Benefits, administration costs, and an associated insurance policy which provides income protection for Scheme members if they are unable to work due to long-term incapacity. This income protection policy has been insured by the Baptist Union of Great Britain with Aviva Limited. [Members of the Basic Section pay reduced contributions of 5% of Pensionable Income, and their employers also pay a total of 5%.]

The Scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. Because it is not possible to attribute the Scheme’s assets and liabilities to specific employers, the scheme is accounted for as if the Scheme were a defined contribution scheme.

The Minister(s) [and some members of the church staff] is / are eligible to join the Scheme.

Actuarial valuation as at 31 December 2019 A formal valuation of the DB Plan as at 31 December 2019 was carried out by a professionally qualified Actuary using the Projected Unit Method. At the valuation date the market value of the DB Plan assets was £298 million, whilst the level of assets needed to pay benefits was £316m, giving a deficit of £18m (equivalent to a past service funding level of 94%). The Church and the other participating employers in the DB Plan are collectively responsible for funding this deficit.

The key financial assumptions underlying the valuation were as follows

----- Start of picture text -----
||| |---|---| |Type of assumption|% p.a.| |RPI price inflation assumption|3.20| |CPI price inflation assumption|2.70| |Minimum Pensionable Income| |3.20| |increases (RPI)| |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|2.70| |- Main Scheme pension Post April 2006|2.00|

----- End of picture text -----

Mortality is assumed in accordance with 80% of the S3NA standard mortality table. Future improvements projected from 2013 in line with the “CMI 2019” projection with a long-term rate of improvement of 1.75% p.a. for males and 1.5% p.a. for femaleswith the core smoothing parameter and with additional initial mortality improvement factor A=0.5%

The next actuarial valuation of the DB Plan within the Scheme is due to take place not later than as at 31 December 2022

Recovery Plan

In addition to the contributions to the DC Plan set out above, where a valuation of the DB Plan reveals a deficit the Trustee and the Council agree to a rate of deficiency contributions from churches and other employers involved in the DB Plan.

Under the current Recovery Plan signed in September 2020, deficiency contributions are payable until June 2026. These contributions are broadly based on the employer's membership at 31 December 2014 and increase annually in line with increases to Minimum Pensionable Income as defined in the Rules. Movement in Balance Sheet liability

Section 28.11A of FRS 102 requires agreed deficit recovery payments to be recognised as a liability. The movement in the provision is set out in the table below.

----- Start of picture text -----
|||| |---|---|---| |2021|2020| |£|£| |Computed liability at year start|£21,526|£34,452| |Minus deficiency contributions paid|-£3,695|-£2,724| |Interest cost (recognised in SoFA)|£270|£711| |Remaining change to balance sheet| |-£1,001|-£10,913| |liability* (recognised in SoFA)| |Computed liability at year end|£17,100|£21,526|

----- End of picture text -----

[This table can be populated using the FRS102 calculator spreadsheet available at www.baptist.org.uk/resources/FRS102]

This liability represents the present value of the deficit contributions agreed as at the accounting date and has been valued using the following assumptions set by reference to the duration of the deficit recovery payments:

----- Start of picture text -----
||||| |---|---|---|---| |31-Dec-21|31-Dec-20|31-Dec-19| |Discount rate|2.0%|1.4%|2.1%| |Future increases to Minimum| |4.1%|3.2%|3.3%| |Pensionable Income|

----- End of picture text -----

The Church has been advised that the cost for the church to buyout their Pension Scheme liabilities at 31 December 2021 was approximately £40,400.

Cessation Event

Consequent upon the departure of the previous Minister from the Church in 2015, the Church had a cessation event under Section 75 of the Pensions Act 1995. This makes the Church liable for the proportion of the overall deficit (assessed by reference to the cost of securing benefits by the purchase of annuities) applicable to its previous Ministers who were members of the Scheme. At present the Church is paying the ongoing deficiency contributions outlined above, and the balance sheet liability below is based on those deficiency contributions. However, the Pension Scheme Trustee has the right to quantify and seek payment of the debt at any time.

In addition to the above, the Church employs a Children's Worker. The Children's Worker is enrolled in the Basic section of the Baptist Pension Scheme which is a defined contribution scheme. The total cost of the pension contributions for this staff member for the Church was £1,870 (2020 £1,870).

Page 11 of 12

29. Reconciliation of net cash provided by operating activities

Net income (expenditure)
Adjustments for:
- Depreciation
- Dividends and interest from
investments
- Net gains on sale of fixed assets
- Decrease in stocks
- Increase in debtors
- Increase in creditors
Net cash provided by operating
activities		 2021
2020
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA

30. Related Charities

The custodian Trustee of the church is the Baptist Union Corporation Limited which is charity number 249635, and which is controlled by the Baptist Union Council. The church is also a member of the Baptist Union of Great Britain, and the West of England Baptist Association.

The church made a donation to the Baptist Union Home Mission Scheme as set out in note 11.

Page 12 of 12

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ Charity Name members of Kendal Road Baptist Church On accounts for the year 31 December 2021 Charity no 1132818 ended (if any) Set out on pages (remember to include the page numbers of additional sheets) I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/12/2019. Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed: Date: 21/10/2021 Name: Thomas Payne Relevant professional FCCA qualification(s) or body (if any):

1

Oct 2018

IER

Address: 49 Brionne Way Longlevens Gloucester, GL2 0TW

Section B Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose .

2

Oct 2018

IER