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2020-12-31-accounts

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FOR THE YEAR E NDED3 DECEM BER 2020
Total Funds Total Funds
2020 2019
Note
Cash flows from operating
activities:
Net cash provided
by (used in) operating		 activities 96,790 (32,389)
Cash flows from investing
activities:
Interest received
Disposal
(acquisition)
of investment
Purchase ofTangible
Fixed Assets		 2,495
378		 2,785
1,619
Net cash provided
by investing
activities		 2,873 4,404
Change
in Cash and Cash Equivalent
in the
reporting
period		 99,663 (27,985)
Cash and Cash Equivalent
at the
beginning
ofthe reporting
period		 307,980 335,965
Cash and Cash Equivalent
at the		 E407,643 f307,980
end ofthe reporting
period
A
Net (expenditure)/income
for the
as per the Statement of Financial
Interest receivable
(Increase)/decrease
in debtors
(Decrease)/increase
in creditors
Depreciation		 reporting
Activities		 period (75,194)
(2,495)
10,974
(25,879)
189,384		 (26,932)
(2,785)
(4,353)
(42,603)
44,284
f96,790 E(32,389)
8
Cash at bank and in hand
Notice deposits (less than 3 months)		 237,874
169,769		 152,781
155,199
f407,643 f307,980

economic
lif
t
are set out		 e.
The principal
co
below:		 mponents
identified
a
Land Not depreciated
Main fabric Over 125years
Electrics Over 50 years
Roof structure and covering Over 35years
Windows
&external doors		 Over 25 years
Mechanical
systems		 Over 25 years
Kitchen Over 20 years
Heating
systems		 Over 15years
Bathrooms Over 15years
Fire Alarms Over 15years

2020 2019
Notes Unrestricted Restricted Total
f f f
General 276,259 276,259 247,107
Mission 1913 1913 6 561
276,259 1,913 278,172 253,668
Grants 27,000 47,745 74,745
GIFT AID RECOVERED
General 57,417 57,417 49,038
Mission 515
f360,676 f49,658 f410334 f303,221
3. INVESTMENTS
Interest on Short Term
Investments fl 443 61 052 E2 495 f'2 785
OTHER TRADING ACTIVITIES
FBCCENTRE INCOME
Catering 78,681 78,681 219,327
Facilities 87,480 87,480 150,169
Service Charge 94082 94082 92 062
260,243 260,243 461,558
YOUTH INCOME
Finchampstead Parish Council 12,000 12,000 12/000
Activity Fees 3 119 3 119 34 501
f263 362 f12000 E275 362 E508 059
CHARITABLE ACTIVITIES
FBC Centre Expenses (Note 6) 294,289 39,123 333,412 455,370
Ministry 166,130 8,622 174,752 202,414
Missionary
Giving (Note 7)		 66,735 1,913 68,648 71,118
Outreach Costs 6,033 6,033 47,844
Upkeep of Premises 8,646 8,646 7,665
General Support Costs (Note 8) 10,251 10,251 15,324
Property Depreciation (Note 11) f546,051 186767
f242,458		 186,767
E788,509		 41 262
E840 997

FBCCENTRE EXPE NS ES
2020 2019
f f
Non-Service Charge Expenses
Cost of Goods Sold 25,621 84,073
Staff Expenses 88,610 103,469
Programme
Expenses		 1,345 4,120
Upkeep of Premises 3,018 3,998
Total Non-Service Charge Expenses 118,594 195,660
Service Charge Expenses
Auditor
and Accounting		 Fees 2,682 2,604
Bank Charges 2,381 3,855
Dues, Subscriptions and Licenses 2,001 2,090
Utilities —Gas, Water and Electricity 23,144 29,113
Facilities Upkeep,
Repairs and Maintenance		 77,079 87,810
Insurance
Expense		 11,078 7,240
Marketing
Materials		 333 1,348
Minor Furniture
and		 Equipment 465
Non-Reclaimable
VAT		 12,558 15,299
Staff Expenses 69,226 75,531
Office Expenses 2,810 5,324
Security 11,526 29,031
Total Service Charge Expenses 214818 259 710
Total Expenses f333,412 f455,370

The FBC has set aside 20% of Unrestricted of Unrestricted of Unrestricted General Fund Income to be given for
2020		 Fund Income to be given for
2020		 missionary
causes.		 missionary
causes.		 missionary
causes.		 2019 2019
Missionary
Giving
20% of General
fund Given
Grants during the year (see		 in year (f333,676)
below)		 66,735
~57 147		 f 59,229
~50309
9,588 8,920
Transfer to Yeldall
Manor
Transfer to Aborfield
Project		 (9,588) ~8920
Breakdown ofthe 200/0 ofGeneral Fund
given in 2020
Grants made to Institutions Total Amount
ofGrants Paid
f		 Purpose
Further Faster UK 10,000 Supporting UK Churches
Soulscape 6,240 Local area schools
Baptist Home Mission 6,240 UK Baptist Churches
BMS World Mission 6,240 Overseas Baptist Mission
Baptist Union Subscriptions 531 Subscription
Christians
Against
Poverty		 2,000 Subscription
Innovista 3,000 Equipping Leaders
LICC 6,000 UK Mission
Uganda —Suubi Clinic 3,000 Overseas Mission
Tearfund 2,000 Overseas Mission
Other missionary
giving		 1,283 Other
Total Grants to Institutions f46,534
Grants Made to Individuals
Teus and Maria Kappers 6,240 Overseas Mission
Dominique
Edmonds		 4,373 Mission Training
Total Grants to individuals f10,613
Other Missionary
Giving
General
Fund Giving		 in Addition to 200/o 2020 2019
f		 Purpose
Restricted Income for Missionary Causes
Soulscape 1,301 Local Area Schools
Tearfund
Appeal		 Overseas Mission
Cyclone Appeal 1 332 Crisis Appeal
Suubi Clinic 2,735 Overseas Mission
Giving for Compassion 800 Crisis Appeal
Link Visiting Scheme 198 Visiting Scheme
Innovista 1,569 Rehabilitation Centre
Care for the Family 195 Family/Children
Restricted
Income for Missionary		 Causes 1,913 6,561
Income Tax Reclaim 515
Total Restricted
Income for		 Missionary Causes f1,913 E7,076

GENERALSUPPORT COSTS
2020 2019
f
Website and ITCosts 2,124 2,923
Technical/Sound 2,731 4,738
Publishing,
Photocopying
Audit, Accounting
Fees
Sundries		 and Stationery
and Software		 857
4,355
184
f10,251		 2,837
3,804
1,022
f15,324

RAISINGFU DS
2020 2019
Fundraising
Materials
TRUSTEES
Chris Simpkins is included in the trustees ofthe charity. He was reimbursed for travel costs incurred.
2020 2019
Number of full time equivalent trustees who were paid
expenses
Total Amount Paid (f) f48 f453
Chris Simpkins received remuneration
and pension		 benefits,
under
his terms of employment,		 as follows 2020 2019
Chris Simpkins
Stipend
Pension
Contributions		 31,950
8,302
f40,252		 31,323
8,132
f39,455

FBCUNINCORPORATED
Total
Property
Cost
At 1stjanuary 2020 5,157,871
Additions
Disposals
At 31st December 2020 5 157871
Accumulated
Depreciation
At 1stJanuary 2020
Charge for Year		 288,808
186,767
Disposals
At 31st December 2020 475 575
Net Book Value
At 31st December 2020 f4 682 296
At 31st December 2019 K4 869063
FBCCHARITABLE COMPANY LIMITED BY GUARANTEE
Property Furniture and Total
Enhancement
f		 Equipment f
At Cost
At 1stJanuary
2020		 56,098 92,059 148,157
Additions
Disposals
At 31st December 2020 56,098 92,059 148 157
Accumulated
Depreciation
At 1stJanuary 2020 2,335 86,014 88,349
Charge for Year 467 2,150 2,617
Disposals
At 31st December 2020 2,802 88,164 90,966
Net Book Value at 31st December 2020 f53,296 E3 895 f57 191
Net Book Value at 31st December 2019 f53 763 K6,045 f59 808
Of the Furniture
and Equipment f7,668 represents		 the Church and f84,391the Centre.
TOTALTANGIBLEFIXEDASSETS f4 739487

12. DEBTORS
2020 2019
f E
Trade Debtors 4,053 12,270
Gift Aid Recoverable 12,097 10,980
VAT 177
Floats 90 90
Sundry Debtors
ik Prepayments		 4 510
E20 927		 8561
E31901
13. SHORT TERM INVESTMENTS
Bank ofScotland —Sinking
Bank of Scotland —General		 Fund
Fund		 (Note 17) 45,171
39,829		 44,885
39,829
Santander 84,769 70,609
Scottish Widows Bank- Sinking Fund 84 968
E254 737		 84 590
E239913
CASH AT BANK AND IN HAND
Current
Accounts		 E237874 E152781
15. CREDITORS DUE WITHIN ONE YEAR
VAT 6,721
PAYE S.NI 3,243
Trade Creditors 17,357 17,803
Other Creditors
lk Accruals		 17,088 12,582
Sundry Creditors —Undistributed
Giving
Provision
for pension
deficit (Note 20)		 4 260
f38705		 903
4 260
E45 512
16. CREDITORS DUE AFTER MORE THAN ONE YEAR
Provision
for pension		 deficit (Note 20) E43 640 E62 080
17. FUNDS Fund Opening Closing
Income
E		 Expenditure
f		 Transfers
E		 Balance
f		 Balance
E
Unrestricted
General
Undesignated
Christian
Service Grant		 650,605 (546,051) (113,168) 152,840
21498		 144,226
21498
650,605 (546,051) (113,168) 174,338 165,724
Restricted
Mission Grants 1,913 (1,913) 1,967 1,967
Coronavirus
gob Retention
Scheme
Finchampstead
Parish Council
Arborfield
Fund		 47,745
12,000		 (47,745)
(6,033)		 58,810 5,967
58,810
Yeldall Manor 9,588 9,588
Sinking
Fund		 1,052 103,580 128,828 233,460
Finchampstead
Baptist
Church (Note 18) 186767 4 881931 4 695 164
Total f713315 E 788 509 E- E5 245 874 E5 170680

inancial
assumptions
underlying
the valuation
were as follows:
Type ofassumption o/o pa
RPI price inflation
assumption		 3.50
CPI price inflation
assumption		 2.75
Minimum
Pensionable
Income Increases (CPI plus 1.0%pa)		 3.50
Assumed
investment
returns
- Pre-retirement 3.50
- Post retirement 2,25
Deferred
pension increases
— Pre April 2009 3.50
- Post April 2009 2.50
Pension increases
- Main Scheme pension
Pre April 2006		 2.70
-
Main Scheme pension
Post April 2006		 2.00