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2021-09-30-accounts

—Unrestricted —Unrestricted Funds, — —Restricted Funds — Total funds T4afdibnds T4afdibnds
Notes General Designated Endowment Income 2021
INCOME AND ENDOWMENTS FROM:
Donations
and legacies		 2 197,448 30,651 228,099 - -S@,999
Investments 64
Charitable
activities		 3
Other income and endowments 4 15,786 1,750 17,536 ' ' 17689
Total income and endowments 213,298 32,401 245,699
EXPENDITURE ON
Charitable
activities		 5 155,614 40,068 30,683 41,495 267,860 .'288'sgf 1
Other 8 3,000 3,000 . .Itrt6f
Total expenditure 155,614 40,068 30,683 44,495 270,860 '
''
Net income/(expenditure) 57,684 (40,068) (30,683) (12,094) (25,161) (f5,464)
Transfers between funds (42,659) 42,659
15,025 2,591 (30,683) (12,094) (25,161) ' (1
',
Other Recognised Gains/(Losses)
Actuarial gains/(losses) on defined
benefit pension schemes 1 (304) (304) 1'f,040
Net movement
in funds		 14,721 2,591 (30,683) (12,094) (25,465) .. . (A
Reconciliation
offunds
Total funds brought forward		 56,443 6,637 824,509 74,086 961,675:.968,098
Total funds named forward 71,164 9,228 793,826 61,992 936,210 .

AS AT 30 SEPTE MBER 2021
Note 2021
FIXEDASSETS
Tangible assets 10 824,942
CURRENT ASSETS
Debtors and prepayments 11 12,566
Investments 12 23,332 25284
Bank and cash balances 104,599
140,497 ~1St,
CURRENT LIABILITIES
Amounts
falling due within one year		 13 14,075 ~l,"175
NET CURRENT ASSETS 126,422 ', ' 'I:;I@583
NON-CURRENT
LIABILITIES
Amounts
falling due after more than one year		 14 1s,ts4 . : ., '
18,355
TOTAL NET ASSETS 936,210 . .r . :street
FUND BALANCES
Restricted funds 15
Endowmentfunds 793,826
Income funds 61,992 855,818 ~74~
'		 ' """~;855
Unrestricted
funds		 16
Designated
funds
General funds		 9,228
71,164		 80,392 0,1EIT
'.		 . . 19000
TOTAL FUND BALANCES 936,210: ' '::%WE

SLOUGH BAPTIST CHURCH - YEAR ENDED 30SEPTEMBER 2021
NOTES TO THE FINANCIAL STATEMENTS
1.Accounting
policies
These financial
statements
have been prepared
on a going concern basis, under		 the histoncal cost
convention
Based on the adequacy ofthe charity's reserves as at the balance sheet date,		 along with their
knowledge
ofthe charity's
ability to meet bills, payments
and other liabilities as they		 fall due, the trustees
have a reasonable
expectation
that the charity has sufficient resources to continue		 in operational existence
for the foreseeable
future
In making this assessment
the trustees
have considered		 the impact of Covid-1 0
and have concluded that fis impact on net intx&me will not be material.
These financial statements
have been prepared
in accordance
with the "Statement		 of Recommended
Practice: Accounting
and Reporting
by Charities
preparing
their accounts
in accordance		 with the Financial
Reporting
Standard
applicable
in the UK and Republic of Ireland (FRS102)"("the		 Charihes SORP"), wnh the
Financial Reporbng
Standard
applicable
in the United
Kingdom and Republic of Ireland ("FRS102")and		 wrth
the Charees Act 2011.THe charity meets the definrtion
ofa public benefit entity as		 set out in FRS 102.
The Chanties
(Accounts
and Reports) Regulations
2008 (the '2008 Regulations')		 require charities to prepare
their accounts
in accordance
with 'Accounting
and Reporting
by Charees: Statement of		 Recommended
Practice effective from
1 April 2005', but this accounting
standard
has since been		 withdrawn and has been
replaced
by the Charities SORP mentioned
in the preceding
paragraph.
The charity		 has prepared these
financial statements
in accordance wah the new Charities SORP; the departure
from the 2008 Regulations		 is
believed necessary
forthese finanaal
statements
to give a 'true and fair vicar.
The charity has taken advantage
ofthe exemphon
conferred
by the SORP (FRS 102) from		 the requirement to
produce a cash flow statement
on the grounds ofds srxe.
The fofiovnng
are the accounting
poliees which have been applied
in dealing
wilh		 material items.
(a) Donated and grant income
Voluntary
income
received
by way of donations
and
gifts is included
in
full
in		 the Statement of Financial
Actwities when received,
including
gifts in kind that are capable ofvaluation
Donations
under
Gilt Ard, together
wth
the tax recoverable
thereon,
are accounted		 for when received
Provision
is made
for unclaimed
tax at the year-end
For legacies,
entnlement		 is the earlier of the church
being notified ofan impending
distribution
or the legacy being recerved.
The church
has relied
sigmficantly
on volunteers
in carrying
out ns activnies
during
the		 year. However, in
accordance
with the SORP, the value ofthese services has not been recognised		 as income as they cannot
be reliably measured.
(b) Expenditure
Items of expenditure
are charged
in the accounts
in the period
in which
they		 are incurred These are
allocated tothe following
headings
and include sttnbuts hie VAT which cannot be		 recovered:
-Charitable
activities comprises
afi expenditure
that directly related to the objects		 ofthe church.
-Costs ofgenerating
funds are those costs incurred
in fundraeing
actwities
obligations
-Governance
costs include those
incurred
in the governance
of its assets and are pnmarily		 associated wdh
constnubonal
and statutory
requirements.
Transfers
between
funds are made by the trustees as appropriate
(c) Fund structure
Expenditure
which meets certain cnteria is identified
to the relevant fund.
General
unrestricted
funds
represent
donations
and other income
received
or generated		 for the objects of
the Church without further specified purpose
and are available as general funds.
The following
funds are classed as General:
The General Fund - for church
running
costs and allocation to designated
funds
Designated
unrestricted
funds are those which
have been allocated
by the Trustees		 for identifiable future
expenditure
1he following
funds are classed as Designated
The Tithe Fund-
for planned
gwing, budgeted
annually
as a proportion
of income
The Persons
rn Iyeed (Pl)10 Fund
—for small benevolent
gilts to individuaIs
The Tuesday Break Fund
—for funding
actwities ofthe Tuesday Break group
Restricted
funds are to be used for specified purposes as laid down by the donor
The following
funds are classed as Restricted
The Suirding
Fund
—for building
proiects
The Mission Funds
—venous
funds for handing
donations
for mission
purposes
The Church Fund
—for Slough Baptist Church
running
costs
The Y@SFund - for church youth activnies
The Persons
ln Need (PIN) Fund - for small benevolent
gifts to individuals
The Eoodbank Fund - for supporting
Slough Foodbank activaies
The Cense Pof Fund
—for activibes ofthe church Coffee Pot Club
The Uganda
Fund - for handling
donations
for approved
mission tnps to Uganda
Endowment
funds are to be held as espial.
The Endowment
Fund
holds
afi the properties
owned
by the church.

1. Accounting
policies (continued)
(d) Tangible fixed assets and depreciation
Tangible assets are included
in the balance sheet at cost or at market value		 at the date ofthe gift.
Depreoation
on fixed assets
is prowded
at rates considered		 appropriate
to reduce		 book values to estimated residual
values over the useful Irvss ofths assets concerned.
Buildings
- Straight
line over 50years
Computer
equipment
- Straight
line over 3years
Other equipment
- Straight
line over 5to 20 years
Assets
in the course ofconstrucbon
are not depreuated
until they are completed.
Depreciation
commences
in the quarter
following
acquisibon
or capitalisation
Small terna of equipment
(valued at8300or less) are written		 off on purchase
Freehold
land is not depreoated.
(e) Financial instruments
The Charity's
finanoal assets and financial
liabilities
all qualify as basic financul
instruments,		 as defined in FRS 102.
Except for loans, credsors and debtors are measured
at their		 expected settlement value (normally the amount ofcash
that the charity expects to pay orrecewe).
(1) Pensions
The Church
is an employer
participsbng
in a pension scheme		 known as the Baptist Pension Scheme ("the Scheme" ),
which
is administered
by the Pension Trustee (Baptist Pension Trust Limited). The		 Scheme is a separate legal entriy
and the assets ofthe Scheme are held separately
from those		 ofthe Employer snd the other participating employers
For any
month,
each
participating
employer
in the Scheme
pays
contnbubons		 as set out
in		 the Schedule of
Contributions
in force at that time.
The Scheme is considered
to be a multi-employer
scheme as		 dsscnbed
in		 Secbon 28 of FRS 102.This is because d is
not possible
to attribute
the Scheme's assets and
liabilities		 to specific employers and means
that		 contnbubons are
accounted
for as ifthe Scheme were a defined
contribution
scheme. The		 pensions costs charged to the SoFA in the
year are contributrons
payable
towards
benefits
and expenses
accrued		 in that year, plus any impact of defioency
contributions
(see below).
The Minister and some members ofthe church stafi are eligible to join the Scheme.
From January 2012, pension
provision
is being made through		 the Defined Contribubon (DC) Plan within the Scheme.
In general,
members
pay 8% of their Pensionable
Income and employers		 pay 8% of members'
Pensionable		 Income
into
individual
pension
accounts,
which are operated
and managed
on behalf of		 the Pension
Trustee		 by Legal and
General
Life Assurance
Souety Limited.
In addibon,
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
in the event that they are unable
to work due to long-term		 incapacity. This income protection
pohcy has been insured
by the Bapbst Union ofGreat Bntain vnth Aviva pic		 The further 4%contribution rate is reduced
to 3%for Employer contnbutions
made to the Segregated
DC		 Arrangement.
Benefrts
in respect of service
pnor to 1 January 2012 are provided
through
the Defined
Benefit (DB)		 Plan within the
Scheme. The main
benefits
for pre-2012 service were a defined
benefit		 pension of one eightieth of Final Minimum
Pensionable
Income for each year of Pensionable
Service,		 together
with		 addtional pension in respect of premiums
paid
on Pensionable
Income
in excess of Minimum
Pensionable
Income. The		 Scheme,
previously		 known as the
Baptist Mimsters'
Pension
Fund, started
in 1925, but was closed to future accrual of defined
benefits		 on 31 December
2011
A formal valuation
ofthe Defined Benefit (DB)Plan was performed
at 31 December		 2019by a professionally qualified
Actuary
using the Projected
Unri Method. The market
value		 of the DB Plan assets at the valuation date was 8298
million.
The valuation
ofthe DB Plan revealed
a deficit ofassets compared
with the value of liabilibes		 ofEt8 million (equivalent
to past service
funding
level of 94%) The Church
and the		 other employers
supporting		 the DB plan are collectively
responsible
for funding
this deficit.
The key financial assumptions
underiyrng
the valuations
were		 as follows.
ype o
nantna
assum
ion
RPI pnce inflation assumption 320
DPI pnce inflation assumption 270
Minimum
Pensionable
Income increases (CPI plus 0.75%pa)		 3.20
Assumed
investment
returns
—Pre retirement 2.95
-Post retirement 1 70
Deferred pension increases
-Pre April 2009 320
-Post April 2009 250
Pension increases
- Main Scheme pension 270
Post
retirement
mortality
in accordance
wrih 80% of the		 S3NFA and S3NMA tables,
with
allowance		 for future
improvements
in mortality
rates from 2013 in line wrlh the CMI 2019core		 projections, with a long term annual rate of
improvement
of 1.75% for males and 1.5% for females,
with		 the core smoothing
parameter		 and with addtional
intial
mortality
improvement
factor A=O 5%.
The next actuarial
valuation
ofthe DB Plan within the Scheme
is due to take place		 not later than as at 31 December
2022.

Accounting
dale (year ending)		 30September 2021 30 Sspaember 2020
Balance sheet liabitrty at start ofyear 821,580 835,074
Minus deficiency contributions
paid		 -83,225 S3,158
Interest cost (rscogmsed
in SoFA)		 F299 8704
Remaining
change
to balance
sheet
liability' (recognised
in SoFA)		 F.304 -611,040
Balance sheet liability at end ofyear cot8,958 821,580
*Comprises any change
in agreed deliat		 recovery plan and change in assumptions
between		 year-ends
The habilny represents The habilny represents the present value ofthe deficit contributions ofthe deficit contributions agreed as at the accounting agreed as at the accounting date and has been
valued
using		 the following assumptions set by reference to the duration ofthe deficit recovery payments.
counting date (year ending) 30September 2021 30 Se ber 2020 31September 201
Discount rate 1.1(P/o 1.5(P/o 2.)OYo
Future
increases		 to Minimum
Pensionable Income 3.9IP/o 3.)PYo 3.30'/o

Total Teial
2021 2088)

Total Total
.
Gifts for use ofpremises
Coronavirus
Job Retention Scheme grants
Sundry receipts		 2021
9,600
6,086
1,858
12.538		 2026
9,7728
'A2'lg:
3n3
aII.

Total Tedaf
2021 2020
Costs incurred
directly on speciTic activities
Ministry
staff		 salaries and expenses 77,907 79,657
Telephone
and utilities		 10,623 13,479
Facilities and ITcosts 14,516 20,184
Depreciation oftangible
fixed assets		 41,760 41,211
Miscellaneous expenses 6,235 7,369
Grants payable
(note 6)		 53,206 63,230
204,247 225,130
Costs incurred
on support and		 administration
Governance costs (note 7) 1,910 1,984
Support staff costs and training 53,944 52,453
Printing,
postage and stationery		 933 2,020
Insurance 4,663 4,596
Bank charges 157 211
Other support and administration costs 2,007 1,817
63,613 63,081
Total expenditure
on charitable		 activities 267,860 288,211

Total
2021
Christian
Connections		 in Schools 9,240
Baptist Missionary Society 5,280
Home Mission Fund 4,860
Bulgarian
Support		 Fund 3,300
Frontiers 3,300
World Team 3,240
World Horizons 3,180 3„466
London
City Mission		 3,120 3;$20
WATSAN 2,661
Christian
Solidarity		 Worldwide 1,620
South Asia Concern - oxygen appeal 1,500
Thames Hospice 1,485
Operation
Mobilisation		 1,305 .1,690
Tearfund
(including		 crisis appeals) 1,245
Embrace the Middle East 1,189 t.;432
People
In Need Fund		 gifts 996
Compassion 842
London &Slough Run 802
Bible Society 780
Slough Foodbank 744
It's Your Move books 600
Spurgeons 500
Leprosy Mission 413
Hayat Ministries 363
Unicef UK 304
Open Doors 212
Smile Uganda
College fees paid for Nepali student
Others 125
53,206

Expenditure
Total Tata(
2021 ' 2020, ',':
Advisory fees relating to Building Fund 3,000 SAN
ee and Related Party Information
2021 Ministry Support Total
Staff Staff 2021
Wages and salaries 57,133 41,262 98,395
Social security costs 3,230 1,906 5,136
Pension costs 16,698 10,764 27,462
77,061 53,932 130,993
Reimbursed
expenses		 841 841
Training costs 5 12 17
Total staff costs 77,907 53,944 131,851
~Pi
Y
2020		 Ministry Support Total
Staff Staff 2019
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
The average number ofstaff during the year was as follows:
2021
Full time 2.9
Part time 1
3.9

10.Tangible Fixed Assets Freehold Computer Computer Other Total
Properties
f		 Equipment
f		 Equipment
f
Valuation, 1 October 2020 1,534,147 42,089 186,514 1,762,750
Additions during the year 2,234 2,234
Disposals during the year
Valuation, 30September 2021 1,534,147 42,089 188,748 1,764,984
Accum. depreciation,
1 Oct. 2020		 709,638 36,587 152,058 898,283
Charge for the year 30,683 2,469 8,607 41,759
Depreciation
on disposals
Accum. depreciation,
30Sep. 2021		 740,321 39,056 160,665 940,042
Net book value, 30September 2021 793,826 3,033 28,083 824,942
Net bsok vsfue, 1Qctober 2020 f524,808 5,502 34,468
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

11. Debtors and prepayments
Total
-		 Total
'
2021 2fgfg
Income tax recoverable
(gift aid)		 7,677, 8,318
September 2021 furlough
grant receivable		 642 '
' 542
On-line donations
income receivable		 2,235 887
Uganda
mission
flight cost reimbursement
Other debtors and prepayments		 due :St@@
2,012::1.88
12,566 '
7.
12. Investments
Total
T hai:
2021,8029
Baptist Union Loan Fund 23,332 28nf84'
13. Creditors: amounts
falling due within one year
Total
.		 Ttrfat
Independent
examination
fees accrued
Mission Fund collections due to be passed
Rent received
in advance
Baptist Pension Scheme liabilities - current		 on 2021
2088 "
1,800
'
' TWO'
3,210':8,I@6
400. ',
,
408
3,804,3,225
Accrued
property repair costs
Other creditors and accruals		 3,904957,1'
'
14,075 1 17
14. Creditors: amounts
falling due after mors than		 one year '
Total
2021:		 Total, .
2020
Baptist Pension Scheme liabilities 15,154 '18,555

15. Restricted Funds Restricted Funds Restricted Funds
2021 Opening Incoming Outgoing
Transfers		 Closing
Balances Resources Resources Balances
Endowment Fund 824,509 (30,683) 793,826
Building Fund 12,936 3,335 (3,000) 13,271
Mission Funds 17,066 7,267 (5,934) 18,399
Church Fund 41,274 13,686 (27,952) 27,008
Cause for the Month Funr 552 6,613 (6,613) 552
Coffee Pot Fund 1,869 1,869
Other restricted 389 1,500 (996 893
898,595 32,401 (75,178) 0 855,818
~P'
2		 2020 Opening Incoming Outgoing
Transfers		 Closing
Balances Resources Resources Balances
855,192 (30,683) 824,509
5,139 14,258 (6,461) 12,936
10,791 13,844 (7,569) 17,066
66,224 11,619 (36,569) 41,274
552 15,785 (15,785) 552
45 45
1,772 354 (257) 1,869
(35) 640 (42) (219) 344
939,680 56,500 97,366 (219) 898,595
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 or allocated as determined later by the church members.
The Church Fund is used for collecting gifts for church running
costs.		 This year the biggest
single item of expenditure was E3,575 paid for church insurance.
16. Unrestricted
Funds		 Unrestricted
Funds
2021 Opening Incoming Outgoing Transfers Other Losses Closing
Balances Resources Resources Recognised Balances
General fund 56,443 213,297 (155,614) (42,659) (303) 71,164
Designated Funds:
Tithe Fund 6,637 (40,068) 42,659 9,228
PIN Fund
Tuesday Break
63,080 213,297 195,682 0 303) 80,392
~PP
2		 2020 Opening Incoming Outgoing Transfers Other Gains Closing
Balances 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

ysis ofNet Assets between Funds
2021 Tangible Bank Other net Non-current
fixed balances current liabilities Total
assets assets
General Funds (unrestricted) 31,116 33,182 22,020 (15,154) 71,164
Tithe Fund (designated) 9,228 9,228
Total Unrestricted 31,116 42,410 22,020 (15,154 80,392
Restricted
Funds:
Endowment
Fund		 793,826 793,826
Church
Fund		 29,957 (2,949) 27,008
Mission Funds 14,601 3,798 18,399
Cause for the Month Fund 3,224 (2,672) 552
Building
Funds		 12,271 1,000 13,271
Coffee Pot Fund 1,869 1,869
Other restricted 267 626 893
Total Restricted 793,826 62,189 197) 855,818
Total Funds 824,942 104,599 21,823 (15,154) 936,210
~P'
Y
2020
Tangible Bank Other net Nonwurrent
fixed balances current liabilities Total
assets assets
General Funds (unrestricted) 39,958 10,617 24,223 (18,355) 56,443
Tithe Fund (designated) 6,637 6,637
Total Unrestdcted 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

—Unrestricted —Unrestricted Funds— Funds— Restricted Funds— Funds— Total
General Desi natsd Endowment Income
6 6 6 6 6 6 5 6 6
2021 2020 2021 2020 2021 2020 2021 2020 2021,2686
Incoming
Resources
Incoming resources
from
generated
funds:
Voluntary
income
Investment
income
Income from charitable
activMes
Otherincoming
resources		 197,448
64
15,786		 208, '117
196
14,395		 30,651
1,750		 52,862
354
3,284		 228,099 28(L988
64:r ' f9$ -, 364
17,536
tg,t(59
Total Incoming Resources 213,298 222,708 32 401 56500 245 699 E)gvRM
Resources expended
Cost ofgenerafing
funds
Charitable
activities		 155,614 156,765 40,068 40,541 30,683 30,683 41,495 60,222 267,860 268effI,
Other expenditure 3,000 6,461 3,000 dtf6
'
Total resources expended 155,614 156,765 40,068 40,541 30,683 30,683 44,495 66,683 270,860 I672
Net Incoming/(outgoing) resources
before transfem
between		 funds 57,684 65,944 (40,068) (40,541) (30,883) (30,683) (12,094) (10,183) (25,161) 'I(5tt()8)
Transfers
Gross transfers
between		 funds (42,659) (44,796) 42,659 45,015 (219)
15,025 21,148 2,591 4,474 (30,683) (30,683) (12,094) (10,402) (25,161) ff'6463(.
Other Recognised Gains/(Losses)
Actuarial
gain/(loss)
on defined
cerned
benefit pension schemes (304) 11,040 (304) fit„046
Net Movement of Funds 14,721 32,188 2,591 4,474 (30,683) {30,683) (12,094) (10,402) (25,465);{4/23)
Reconciliation ofFunds
Total funds brought
forward		 56,443 24,255 6,637 2,163 824,509 855,192 74,086 84,488 961,675 986,898
Total funds
tonus rd		 71,164 56,443 9,228 6,637 793,826 824,509 61,992 74,086 936,210, 1,8