2020-09-30-accounts - Slough Baptist Church

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

Contents
Reference and Administrative Information
Report ofthe Trustees for the Year Ended 30September 2020
Independent Examiner's Report to the Trustees ofSlough Baptist Church	12
Statement of Financial Activities	13
Balance Sheet	14
Notes to the Financial Statements	15

			—Unrestricted	—Unrestricted	Funds —	—Restricted	Funds —	Total funds:", ,	Total funds:", ,
		Notes	General	Designated		Endowment	Income	2020
								8
INCOME AND ENDOWMENTS FROM:
Donations and legacies Investments Charitable adivities		2 3	208,117 196				52882	260,9995".": 354 i+a",. "::";::.'4
Other income and endowments		4	14,395				3,264	„, 17,659,+iw~~««~.
									i
Total income and endowments			222,708				56,500	279,208	PT'
EXPENDITURE ON Charitable activities Other		5 8	156,765		40,541	30,683	60,222 6,461	288,21I;'~ 6,461~ imp
Total expenditure			156,765		40,541	30,683	66,683	294,672	&4.
Net incomel(expenditure)			65,944		(40,541)	(30,683)	(10,183)	(15,464)	kg-:.~/~~
Transfers between funds			(44,796)		45,015		(219)	-	.:@+vs,:tvvh;:~arri
			21,148		4,474	(30,683)	(10,402)	(15,463)	„=~~,
Other Recognised Gains/(Losses)
Actuarial gains/(losses)	on defined
benefit pension schemes		1	11,040					11,040	~pPg~i
Net movement in funds			32,188		4,474	(30,683)	(10,402)	(4,423)
Reconciliation offunds
Total funds brought forward			24,255		2,163	855,192	84,488	966,098	I*'-
Total funds cerned forward					6,637	824,509	74,086	961,675

AS AT30	SEPTEM	BER2020
	Note		2020:.:%4"::'k4~ik~"~4. "',.
FIXEDASSETS
Tangible assets	10
CURRENT ASSETS
Debtors and prepayments	11	17,267
Investments	12	23,284
Bank and cash balances		88,187
		128,738
CURRENT LIABILITIES
Amounts falling due within one year	13	13,175	ca~gg~k,@@4;:
NET CURRENT ASSETS			115,563If,:
NONNURRENT LIABILITIES
Amounts falling due after more than one year	14
TOTAL NET ASSETS
FUND BALANCES
Restricted funds	15
Endowment funds		824,509
Income funds		74,086
			898,595.v~';.:-~....
Unrestricted funds	16
Designated funds		6,637
General funds		56,443
			63,080 ";i;;v~~'. ~„&&g&~
TOTAL FUND BALANCES

Acciwngng date (year ending)	bw 2020	mbw 2019
Balance sheet liabilriy at start ofyear	E35,074	E37,298
Minus deficiency contributions pad	-E3,358	-E3,528
interest cost (recognised in SoFA)		E889
Remaining change to balance sheet
liability' (recognissd in SoFA)	-E11,040	E415
Balance sheet liability at end ofyear	E21,580	E35,074
*Ccmpnses any change in agreed dsfica recovery	plan and change	in assumptions between year-ends.

valued usin	the followin assum tion	the followin assum tion	the followin assum tion	s set by re	ference to the	duration	ofthe deficit re	covery	payments:
Accoirhglig	date (year eildhrg)			30se	bw 2020	30	ber 2019	1	ber 201
Discount rate					(.50'/o		2.(0%		250%
Future increases		to	Minimum
Pensionable	Income				3.(0'/o		3.30%		3.30%

			Total	',i::;;Tgftd;:";
			2020
Costs incurred directly on speciTic activities
Ministry staff	salaries and expenses		79,657	81,228
Telephone and usliTies			13,479	12,339
FaciliTies and	ITcosts		20,184	48,245
Depreciation	oftangible fixed assets		41,211	39,895
Miscellaneous	expenses		7,369	15,118
Grants payable (note 6)			63,230	50,607
			225 130	247,432
Costs incurred on support and		administration
Governance	coals (note 7)		1,984	1,622
Support staff	coals and training		52,453	50,763
Printing, postage and stationery			2,020	2,352
Insurance			4,596	4,490
Bank charges			211	217
Other support	and administration	costs	1,817	1,714
			63,081	61,158
Total expenditure on charitable		activities	288,211	308,590

			Total
Christian Connections		in Schools	11,139 ';:,;~!",YY
Baptist Missionary Smile Uganda	Society		«)Q 6,151 .;„";,, :-.«,:;:" 5,677 ',i, '-'";";;,«"„",!::
Home Mission Fund
College fees paid	for	Nepali student
Christian Solidarity	Worldwide		3,506.i~~j~;
Bulgarian Support	Fund		3,300 j«'4„',:
Frontiers			3,300 ''i:-.1
World Team
World Horizons London City Mission			3,180 ':-„".'' „ 3,120'.;:~i'.+'~':s~",
Operation Mobilisation Embrace the Middle East The Cowshed			1,690 '.;;,.ij~«,.««&r 1,432jar, ',"'
Open Doors
Increase Association
Bible Society			780':~e,'"-:)
Slough Foodbank			764 '::..'qQQQij~~
WATSAN
Tearfund (including	crisis appeals)		720:,::;;";«@@i++gg
Compassion
London 8 Slough	Run
Barnabas Fund
People In Need Fund		gifts
Feed The Hungry	UK
Leprosy Mission
Others			450'. j::«:'"
			63,230;;:,":i'«';i ':.;«(

						Total
Advisory	fees	relating	to	Building	Fund

2020	Ministry	Support	Total
	Staff	Staff	2020
Wages and salaries	58,164	40,195	98,359
Social security costs	3,086	1,858	4,944
Pension costs	16,742	10,400	27,142
	77,992	52,453	130,445
Reimbursed expenses	1,642		1,642
Training costs	23		23
Total staff costs	79,657	52,453	132,110
~ari Vear 2O&S	Ministry	Support	Total
	Staff	8~aft	2019
Wages and salaries	57,240	39,172	96,412
Social security costs	3,735	2,062	5,797
Pension costs	16,528	9,486	26,014
	77,503	50,720	128,223
Reimbursed expenses	3,180	43	3,223
Training costs	545		545
Total staff costs	81,228	50,763	131,991
The average number ofstaif during the year was as follows:
Full time
Part time

10.Tangible Fixed	Assets			Freehold	Computer	Computer	Other	Total
				Properties f	Equipment		Equipment 8
Valuation,	1 October 2019			1,534,147		38,370	183,239	1,755,756
Additions	during the year					3,719	3,275	6,994
Disposals	during the year
Valuation,	30September	2020		1,534,147		42,089	186,514	1,762,750
Accum. depreciation, 1 Oct.			2019	678,955		34,852	143,265	857,072
Charge for the year				30,683		1,735	8,793	41,211
Depreciation on disposals
Accum. depreciation, 30Sep. 2020				709,638		36,587	152,058	898,283
Net book	value, 30September 2020 824,509 5,502 34,456 864,467 gg5B'.":"';,'":,.";i"::-"85@~":.T-;::vq~448:",:-1-'";",Sg@4":.l'„',.":~.
The insurance reinstatement			values ofchurch properties			in 1997were:
	Church building			1,087,000
	Manse			120,000
	34Windsor	Road		75,000
						1,282,000
Additions	since 1996:					252,147
						1,534,147

Church building Manse 34Windsor Road Additions since 1996:	1,087,000 120,000 75,000 1,282,000 252,147 1,534,147	1,087,000 120,000 75,000 1,282,000 252,147 1,534,147	1,087,000 120,000 75,000 1,282,000 252,147 1,534,147
All properties are held in an Endowment	Fund, to reflect the fact that the sales proceeds
are to be spent on capital expenditure	only.
11.Debtors and prepayments
			Total
Income tax recoverable (gift aid)			8,316;:~-'-'i"
September 2020 furlough grant receivable
Uganda mission flight cost reimbursement		due
Other debtors and prepayments
			17,267 "-''i;.::;",
12. Investments			Total,,„:.::!,:.'~	,' 2020
Baptist Union Loan Fund			23,284:":i:";-i,":4W
13. Creditors: amounts falling due within one year
			2020
Independent examination fees accrued			1,600
Mission Fund collections due to be passed Rent received in advance		on	6,026 "„'; 400;:i:
Baptist Pension Scheme liabilities - current Other creditors and accruals			3,225;:,::f' 1,924 .A"
			13,175
14. Creditors: amounts falling due after more than		one year

icted Funds
2020			Opening Incoming			Outgoing	Transfers		Closing
			Balances Resources			Resources			Balances
Endowment Fund			855,192			(30,683)			824,509
Building Fund			5,139	14,258		(6,461)			12,936
Mission Funds			10,791	13,844		(7,569)			17,066
Church Fund			66,224	11,619		(36,569)			41,274
Cause for the Month Fund			552	15,785		(15,785)			552
Y@SFund			45						45
Coffee Pot Fund			1,772	354		(257)			1,869
Other restricted			36	640		42	219		344
			939,680	56,500		97,366	219		898,595
P~Y2000			Opening Incoming			Outgoing	Transfers		Closing
			Balances Resources			Resources			Balances
Endowment Fund			885,875			(30,683)			855,192
Building Fund			8,139			(3,000)			5,139
Mission Funds			7,155	9,893		(6,256)			10,791
Church Fund			28,592	84,221		(46,589)			66,224
Cause for the Month Fund			552	4,411		(4,411)			552
YOS Fund				45					45
Coffee Pot Fund			2,077	796		(1,101)			1,772
Other restricted			246	10		292			36
			932,636	99,376		S2,332		0	939,680
The Endowment	Fund holds all the properties			owned	by the church.
The Mission Fund		is used	for collecting donations for		missionary causes, either specified
in advance orallocated as determined later by				the church members.
The Church Fund		is used	for collecting gifts for church			running costs. This year the biggest
item ofexpenditure		was F7,440 on resurfacing		the tarmac pathway at the side				ofthe church.

tricted Fu	nds
2020		Opening	Incoming	Outgoing	Transfem	Other Gains	Closing
		Batances	Resources	Resources		Recognised	Balances
General fund		24,255	223,412	(156,764)	(44,796)	10,336	56,443
Designated	Funds:
Tithe Fund		2,163		(40,068)	44,542		6,637
PIN Fund				(219)	219
Tuesday Break				254	254
		26,418	223,412	197,305	219	10,336	63,080
~PI Y	2010	Opening	Incoming	Outgoing	Transfers	Other Gains	Closing
		Balances	Resources	Resources		Recognised	Balances
General fund		34,368	211,063	(178,430)	(41,442)	(1,304)	24,255
Designated	Funds:
Tithe Fund				(39,300)	40,803		2,163
PIN Fund				(349)	349
Tuesday Break				290	290
		35,028	211,063	218,369	0	1,304	26,418

sis ofNet Assets between	Funds
2020	Tangible	Bank	Other net	Nonwurrent
	fixed	balances	current	liabilities	Total
	assets		assets
General Funds (unrestiicted)	39,958	10,617	24,223	(18,355)	56,443
Tithe Fund (designated)		6,637			6,637
Total Unrestricted	39,958	17,254	24,223	(18,355	63,080
Restricted Funds:
Endowment Fund	824,509				824,509
Church Fund		44,308	(3,034)		41,274
Mission Funds		9,001	1,423		10,424
Cause for the Month Fund		3,438	(2,887)		551
Building Funds		12,585	351		12,936
Coffee Pot Fund		1,869			1,869
Other restricted		(268	7,300		7,032
Total Restricted	824,509	70,933	3,153		898,595
Total Funds	864,467	88,187	27,376	(18,355)	961,675
~Poor Vear 2019
	Tangible	Bank	Other net	Non-current
	fixed	balances	current	liabilities	Total
	assets		assets
General Funds (unrestiicted)	43,492	(10,446)	22,671	(31,462)	24,255
Tithe Fund (designated)		2,163			2,163
Total Unrestricted		(8,283	22,671	(31,462)	26,418
Restricted Funds:
Endowment Fund	855,192				855,192
Church Fund		67,751	(1,527)		66,224
Mission Funds		9,235	1,557		10,792
Cause for the Month Fund		990	(438)		552
Building Funds		5,139			5,139
Coffee Pot Fund		1,772			1,772
Other restricted		176)	185		9
Total Restricted	855,192	84,711	(223		939,680
Total Funds	898,684	76,428	22,448	(31,462)	966,098

					—Unrestricted	—Unrestricted	Funds—	Funds—	—Restricted	—Restricted	Funds—		Total
					General		Des	nated	Endowment		Income
					2020	E 2019	P. 2020	E 2019	E 2020	6 2019	6 2020	6 2019	8 2020	k.~~:"
Incoming Resources
Incoming resources	from	generated		funds:
Voluntary income					208,117	201,129					52,882	97,590
Investment income					196	234
Incoming resources	from	charitable		activities							354	798
Other incoming resources					14,395	9,700					3,264	990	17,659	'ry'„~
Total Incoming Resources					222,708	211,063					56,500	99,376	279208,		„r
Resources expended
Cost of generating	funds
Charitable activities					156,765	177,897	40,541	39,939	30,683	30,883	60,222	58,649
Other expsndaure											6,461	3,000	6461	Rtt'
Total resources expended					156,765	179,319	40,541	39,939	30,683	30,683	66,683	61,849	294,672	T,
Net Incoming/(outgoing) transfers between funds		resources		before	65,944	31,744 (40,541)		(39,939}	(30,683)	(30,683)	(10,183)	37,727	(15,463)t'0~~
Transfers
Gross transfers between		funds			(44,796)	(41,442)	45,015	41,442			(219)
					21,148	(9,698)	4,474	1,503	(30,883)	(30,683}(10,402)		37,727	(15,463)	A.i
Other Recognised	Gains/(Losses}
Actuarial gain/(loss)	on defined		benefit
pension schemes					11,040	(415)
Net Lnovement of	Funds				32,188	(10,113)	4,474	1,503	(30,683)	(30,683)	(10,402)	37,727	(4,423)	mme++
Reconciliation of	Funds
Total funds brought	forward				24,255	34,368	2,163	660	855,192	SL5,875	84,488	46,781	986,098	n„
Total funds carried forward					56,443	24,255	6,637	2,163	824 509	855,192	74,086	84,458	961,675	i.