2021-12-31-accounts - Market Harborough Baptist Church

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	For the	Year Ended 3	1December 2	021
		General	Designated		Total	Total
		Unrestricted	Unrestricted	Restricted	Funds	Funds
	Note	Funds	Funds	Funds	2021	2020
INCOMING RESOURCES PROM:
Donations, pledges & grants	2(a)	75,335		I 726	77 061	95,495
Church activities	2(b)	2,182			2,182	2,800
Investments	2(c)	97			97	361
Trading income 1'rom coffee shop	2(d)					12,942
Total income		77,614		1,726	79,340	111,599
EXPENDITURE ON:
Charitable activities		8,206		1,728	9,934	10,071
Church activities &adnunistration		68,159	9,451	5,098	82,708	70,764
Trading expenses for coffee shop						34,016
Total expenditure		76,365	9,451	6,826	92,642	114,851
Net income/(expenditure)		1,249	(9,451)	(5,100)	(13,302)	(3,252)
Transfers between funds		2,825	(2,825)
Net movement in fuads		4,074	(12,276)	(5,100)	(13,302)	(3,252)
Total funds brought forward		57,140	1,212,509	5,100	1,274,749	1,278,001
Total funds carried forward	12	61,214	1,200,233		1,261,447	1,274,749

	Market Harborough	Market Harborough	Baptist Church	Baptist Church	Baptist Church
		Balance	Sheet
		as at 31December		2021
		Note			2021		2020
				f	f
FIXEDASSETS
Tangible assets					1,203,894		1,205,483
					1,203,894		1,205,483
CURRENT ASSETS
Debtors		9		3,927		3,031
Cash at bank		10		56,165		69,169
				60,092		72,200
CURRENT LIABILITIES
Creditors: Amouuts	falling due within one year	11		2,539		2,934
Net current assets					57,553		69,266
NET ASSETS					1,261,447		1,274,749
C~FUNDS		12
Unrestricted funds
General funds					61,214		57,140
Designated funds					1,200,233		1,212,509
					1,261,447		1,269,649
Restricted funds							5,100
TOTAL CHARITY	FUNDS				1,261,447		1,274,749

	Incoming Resources from:	Incoming Resources from:
			General	Designated		Total	Total
			Unrestricted	Unrestricted	Restricted	Funds	Funds
			Funds	Funds	Funds	2021	2020
a1	Donations, pledges & grants		f	f			f
	Offerings		59,091			59,091	57,913
	Donations &other income		3,227			3,227	7, 162
	Coffee shop Covid grant						10,000
	Tax recovered under	Gift Aid	12,416			12,416	18,546
	Spurgeons				406	406	521
	Open Doors				531	531
	B,M.S./ Home Mission Boxes				790	790	456
	In memorium		600			600	579
	EMBA Thanksgiving	days
	BMS Thanksgiving	days
	Christian Aid
	Building project income						319
			75,335		1,726	77,061	95,495

	Incoming Resources	Incoming Resources	General		Designated		Total	Total
	from (continued):		Unrestricted		Unrestricted	Restricted	Funds	Funds
			Funds		Funds	Funds	2021	2020
								g
b)	Church activities
	Rent for use ofhalls		2,	165			2,165	2,338
	Coffee mornings							234
	Small fundraising	activities
	Outlook			17			17		37
	Coffee shop tips								192
	Church trips
			2,	182			2,182	2,801
	Income off.192 I'rom church activities		in 2020 was restricted.
c)	Investments
	Bank &other interest			97			97		261
	HSBC Compensation								100
				97			97		361

		There was no restricted	There was no restricted	in	come from investments in 2020,	come from investments in 2020,	come from investments in 2020,	come from investments in 2020,
	d)	Trading income from		the	coffee shop had been excluded				from the		charity accounts		until 2019 and shown		as	a separate
		income and expenditure			account,		In	2019 it was decided		that	this	should be	included as it was		ultimately the
		responsibility of the	charity			trustees	and not the shop management.				The	bardt and	cash	balances were introduced			to be
		kept in a designated	fund		(see Note		12), The coffee shop		ceased		trading	on 17 March		2020 and the trading		account is
		shown at Note 13,
3		Expenditure on:						General	Designated					Total		Total
								Unrestricted	Unrestricted			Restricted		Funds		Funds
								Funds		Funds		Funds		2021		2020
		Charitable activities:												f
		Spurgeons childcare										405		405			521
		B.M.S.World Mission						4,000				258		4,258			4,824
		E.M,B.A.						4,000				534		4,534			4,520
		Churches Together						206						206			206
		Open Doors										531		531
								8,206				1,728		9,934			10,071
		Church activities & administration:
		Upkeep &renovation		of	premises			9,303			8,971	5,098		23,372			14,170
		Ministry						29,285						29,285			29,793
		Minister in training															1,516
		Manse expenses						5,837						5,837			3,392
		Administration expenses						22,812			480			23,291			21,092
		Activity expenses						729						729			256
		Other expenses						194						194			545
								68,159			9,451	5	098	82 708			70,764

						Fo	r	the	Yea	r	End	ed	31	Dece	mber	202	1
																				Total		Total
4	Governaace Costs										Geaeral				Designated					Funds		Funds
											Unrestricted				Unrestricted			Restricted
												Funds			Funds				Funds	2021		2020
															f					f
	Independent examiner's remuneration												1,272								1,272		1,200
	Trustees reimbursed expenses												3,960								3,960		2,638
													5,232								5,232		3,838
5	Independent Examiner's	Remuneration
	The independent examiner's		remuneration			consisted			ofan independent					examination		fee	off1,272 (2020:61,200).
6	Trustees and Key Management				Personnel		Remuneration				and		Expeases
	Reverend C.S. Brown, a trustee,				has received			a stipend		for hi		~ employment			as minister		rather		than as	a trustee	which	is included	in the
	figures at Note 7.In addition			the	minister	and		four	other Trustees				received		reimbursed		expenses totalling f3,960 (2020if2,638),These
	expenses were for equipment			& fixtures,		travel, property				maintenance,				courses and		training,		stationery		and gifts.
	The Church considers that	it	has no key management						personnel			other		than the Trustees			themselves.
7	Statf Costs																		2021			2020
	Gross wages and stipend																		31,516			45,896
	Employer's National Insurance			costs																			SSO
	Pension costs																		3,078				6,214
	Redundancy Costs																						12,452
																			34,594				65,442
	The average number ofemployees				for the	year		is 3	(2019:5)
																		Freehold		Fixtures &
8	Tangible Fixed Assets																	Properties f		Equipment f		Total f
	Cost or valuation
	At I January 2021																		1,200,000		7,946	1,207,946
	Additions
	Dispossls
	At 31December 2021																		1,200,000		7,946	1,207,946
	Accumulated depreciation
	At I January 2021																				2,463		2,463
	Charge for the year																				1,589		1,589
	Written offon disposal
	At 31 Decenvber 2021																				4,052		4,052
	Net book value
	At 31 December 2021																		1,200,000		3,894	1,203,894
	At I January 2021																		1,200,000		5,483	1,205,483

9	Debtors				2021	2020
	Prepaid	expenses			3,373	3,031
	Accrued	income			392
	Other debtors. '
	Hall rents				162
					3,927	3,031
10	Cash at	Bank and in	Hand		2021	2020
					f.
	Bank &	Building Society		accounts	56,165	69,169
					56,165	69,169
11	Creditors: Amounts		falling due within one year		2021	2020
						f.
	Accruals	and deferred	income:
	Independent examination			fee	1,272	1,200
	Utilities				137	96
	Other creditors				390
	Due to BMS/EMBA				740	1,638
					2,539	2,934

		Balances at	Incoming	Resources	Transfers &	Balances at
		IJan 2021	Resources	Expended	Revaluations	31Dec 2021
			f	f.
Restricted Funds
Building Reserve		5,098		(5,098)
Specific causes		2	1,726	(1,728)
		5,100	1,726	(6,826)
Unrestricted Funds	(Designated)
Church Land &Buildings		950,000				950,000
Manse		250,000				250 000
Liz Cole Memorial	Fund	640		(640)
New Horizons coffee shop		11,637		(8,811)	(2,825)
Churches Together	Easter Fund	233				233
		1,212,509		(9,451)	(2,825)	1,200,233
Unrestricted Funds	(General)
Unrestricted Funds		57,140	77,614	(76,365)	2,825	61,214
		57,140	77,614	(76,365)	2,825	61,214
Unrestricted Funds	(Total)	1,269,649	77,614	(85,815)		1,261,447
TOTAL FUNDS		1,274,749	79,340	(92,641		1,261,447

		Balances at	incoming	Resources	Transfers &	Balances at
		1lan 2020 f.	Resources	Expended f	Revaluations f	31Dec 2020 f
Restricted Funds
Building Reserve		L3,945		(5,270)	(3,577)	5,098
Specific causes			1,169	(1,167)		2
		13,945	1,170	(6,437)	(3,577)	5,100
Unrestricted Funds	(Designated)
Church Land &Buildings		950,000				950,000
Manse		250,000				250,000
Liz Cole Memorial	Fund	640				640
New Horizons coffee shop		22,543	23,110	(34,016)		11,637
Churches Together	Easter Fund		233			233
		1,223,183	23,343	(34,016)		1,212,509
Un tastric ted Funds	(Genera 1)
General Fund		40,873	87,088	(74,399)	3,577	57,140
		40,873	87,088	(74,399)	3,577	57,140
Unrestricted Funds	(Totai)	1,264,056	110,430	(1.08,415)	3,577	1,269,649
TOTAL FUNDS		1,278,001	111,599	114,851)		1,274,749

Analysis	ofNet Assets between	Funds
		Restricted	Designated	General	Total
		Funds	Funds	Funds	Fuads
		f		f
Tangible	fixed assets		1,200,000	3,894	1,203,894
Bank balances		740	233	55,192	56,165
Debtors				3,927	3,927
Creditors		(740)		(1,799)	(2,539)
			1,200,233	61,214	1,261,447

The analy	sis ofnet assets betwee	n funds for the previous	year was as fol	lows:
		Restrtcted	Designated	General	Total
		Fuads	Funds	Funds	Funds
Tangible	fixed assets	5,098	1,200,000	385	1,205,483
Bank balances		2	1.2,509	56,658	69,169
Debtors				3,031	3,031
Creditors				(2,934)	(2,934)
		5,100	1,212,509	57,140	1,274,749

						2021	2020
Income						f	f
Sales							12,942
Covid grant							10,000
							22,942
Expenses
Wages and	employer		pension contributions				16,823
Redundancy	costs						12,452
Goods							3,094
Premises costs							613
Overheads							1,034
Equipment	replacement			&maintenance
							34,016
Deficit oftrading		income over expenditure			for the year		11074