| Contents | Pages | |
|---|---|---|
| Trustees' Annual Report |
||
| Reference 8 Administrative | Information | |
| Report ofthe Independent | Examiner | |
| Statement of Financial Activities |
||
| Balance Sheet | ||
| Notes to the Accounts | 9-20 |
| Unrestricted | Unrestricted | |||||||
|---|---|---|---|---|---|---|---|---|
| General | Designated | Restricted | Total Funds | Total Funds | ||||
| Funds | Funds | Funds | 2022 | 2021 | ||||
| Note | F | |||||||
| Income from: | ||||||||
| Donations | 83,770 | 110 | 1,327 | 85,207 | 91,159 | |||
| Other trading activities |
24,482 | 24,482 | 12,204 | |||||
| Investment income |
7,590 | 7,590 | 8,709 | |||||
| Total income | 115,842 | 110 | 1,327 | 117,279 | 112,072 | |||
| Expenditure on: |
||||||||
| Charitable activities |
||||||||
| Grants payable | 9,474 | 7,250 | 1,327 | 18,051 | 18,795 | |||
| Costs ofactivities | in furtherance | |||||||
| of charity's objects | 103,519 | 561 | 104,080 | 99,348 | ||||
| Total expenditure | 112,993 | 7,811 | 1,327 | 122,131 | 118,143 | |||
| Unrealised gains/(losses) |
10 | 1,892 | 1,892 | 12,982 | ||||
| on investments | ||||||||
| Net income/(expenditure) | 4,741 | (7,701) | (2,960) | 6,911 | ||||
| Transfers between funds |
13 | 4,637 | (4,637) | |||||
| Actuarial gains/(losses) |
on | 15 | 2,152 | 2,152 | 20,863 | |||
| defined benefit pension | ||||||||
| schemes | ||||||||
| Net movement in funds |
9,378 | (10,186) | (808) | 27,774 | ||||
| Total funds at 1 April | 13 | 22,028 | 5,416,890 | 55 | 5,438,973 | 5,411,199 | ||
| Total Funds at 31 March | 13 | 31,406 | 5,406,704 | 55 | 5,438,165 | 5,438,973 |
| Notes | 2022 | 2021 | |||
|---|---|---|---|---|---|
| F | |||||
| Fixed assets | |||||
| Tangible fixed assets | 9 | 5,038,438 | 5,039,166 | ||
| Investments | 10 | 152,650 | 150,758 | ||
| 5,191,088 | 5,189,924 | ||||
| Current assets | |||||
| Debtors (including | debtors due | ||||
| after one year) | 6,205 | 8,587 | |||
| Short Term Deposits | 252,606 | 252,599 | |||
| Cash at bank | 47,225 | 52,127 | |||
| 306,036 | 313,313 | ||||
| Creditors: amounts | falling | ||||
| due within one | year | 12 | 24,430 | 20,356 | |
| Net current assets | 281,606 | 292,957 | |||
| Defined benefit pension | (34,529) | (43,908) | |||
| scheme liability |
|||||
| Total net assets | 5,438,165 | 5,438,973 | |||
| Unrestricted funds |
|||||
| General funds | 14 | 31,406 | 22,028 | ||
| Pensions reserve | 14 | (34,529) | (43,908) | ||
| Designated Funds |
14 | 5,441,233 | 5,460,798 | ||
| 5,438,110 | 5,438,918 | ||||
| Restricted Funds |
14 | 55 | 55 | ||
| Total funds | 5,438,165 | 5,438,973 |
| 4 | Grants payable | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Designated | Restricted | Total Funds | ||||
| Funds | Funds | Funds | 2022 | ||||
| Baptist Missionary | Society | 7,250 | 7,250 | ||||
| Baptist Home Mission | 7,250 | 7,250 | |||||
| Bristol Baptist College | 1,000 | 1,000 | |||||
| University of Bristol |
chaplaincy | 590 | 590 | ||||
| Christian Aid |
500 | 500 | |||||
| Other Mission, Donations | and gifts &F250 | 134 | 1,242 | 1,376 | |||
| Tyndale Circle | 85 | 85 | |||||
| 9,474 | 7,250 | 1,327 | 18,051 | ||||
| Unrestricted | Designated | Restricted | Total Funds | ||||
| Prior year comparative | Funds | Funds | Funds | 2021 | |||
| f. | E | f. | E | ||||
| Baptist Missionary | Society | 7,250 | 7,250 | ||||
| Baptist Home Mission | 7,250 | 7,250 | |||||
| Bristol Baptist College | 1,000 | 1,000 | |||||
| University of Bristol |
chaplaincy | 590 | 590 | ||||
| Christian Aid |
1,000 | 1,000 | |||||
| Other Mission, Donations | and gifts &f250 | 500 | 205 | 705 | |||
| Tyndale Circle | 1,000 | 1,000 | |||||
| 10,340 | 7,250 | 1,205 | 18,795 |
| Unrestricted | Designated | Restricted | Total Funds | Total Funds | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Funds f. |
Funds f. |
Fundsf | 2022 f. |
2021f | |||||||
| Minister's stipend |
and | employer's | costs | 27,198 | 27,198 | 34,796 | |||||
| Community Minister's |
stipend | and | 26,693 | 26,693 | 30,576 | ||||||
| Ministry expenses | 405 | 405 | 972 | ||||||||
| Preaching fees | 505 | 505 | 50 | ||||||||
| Music, choir and worship | 1,664 | 1,664 | 1,109 | ||||||||
| Junior church and | youth | work | 12 | 12 | |||||||
| Events | 673 | 673 | |||||||||
| Other | 872 | 872 | 232 | ||||||||
| Link magazine | 251 | 251 | 339 | ||||||||
| Support costs | |||||||||||
| Repairs, Equipment |
and | renewals | 14,182 | 200 | 14,382 | 2,535 | |||||
| Household costs |
360 | 360 | 465 | ||||||||
| Heat and light | 10,851 | 10,851 | 8,928 | ||||||||
| Depreciation | 728 | 728 | 856 | ||||||||
| Council tax and rates | 6,664 | 6,664 | 6,117 | ||||||||
| Insurances | 7,485 | 7,485 | 6,781 | ||||||||
| Office, paper 8 print | costs | 859 | 859 | 669 | |||||||
| Telephone and postage |
1,134 | 1,134 | 1,156 | ||||||||
| Fees and subscriptions | 1,423 | 1,423 | 875 | ||||||||
| Governance costs |
|||||||||||
| Independent examiner's |
fee | 1,560 | 1,560 | 1,434 | |||||||
| Interest cost | 361 | 361 | 1,458 | ||||||||
| 103,519 | 561 | 104,080 | 99,348 |
| 2022 f. |
2021f |
|---|---|
| 1,560 | 1,434 |
| 7 | Fund-accounting c |
ompar | ative figures |
||||
|---|---|---|---|---|---|---|---|
| Unrestricted | |||||||
| General | Designated | Restricted | Total Funds | ||||
| Funds | Funds | Funds | 2021 | ||||
| f. | E | f. | E | ||||
| Income from: | |||||||
| Donations | 89,929 | 25 | 1,205 | 91,159 | |||
| Other trading activities |
12,204 | 12,204 | |||||
| Investment income |
8,709 | 8,709 | |||||
| Total income | 110,842 | 25 | 1,205 | 112,072 | |||
| Expenditure on: |
|||||||
| Charitable activities |
|||||||
| Grants payable | 10,340 | 7,250 | 1,205 | 18,795 | |||
| Costs ofactivities in |
furtherance | ||||||
| ofcharity's objects | 97,890 | 1,458 | 99,348 | ||||
| Total expenditure | 108,230 | 8,708 | 1,205 | 118,143 | |||
| Unrealised (losses) on |
|||||||
| investments | 12,982 | 12,982 | |||||
| Net income/(expenditure) | 15,594 | (8,683) | 6,911 | ||||
| Transfers between |
funds | (13,357) | 13,357 | ||||
| Actuarial gains/(losses) |
on defined | 20,863 | 20,863 | ||||
| benefit pension schemes | |||||||
| Net movement in funds |
2,237 | 25,537 | 27,774 | ||||
| Total Funds at 1 April | 19,791 | 5,391,353 | 55 | 5,411,199 | |||
| Total Funds at 31 March | 22,028 | 5,416,890 | 55 | 5,438,973 | |||
| 8 | Salaries | 2022 | 2021 | ||||
| F | |||||||
| Salaries | 44,407 | 53,576 | |||||
| National Insurance |
983 | ||||||
| Employer's pension |
contributions | 5,533 | 6,528 | ||||
| 49,940 | 61,087 |
| 10 | Investments | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| E | F | ||||
| Market value at | 1 April | 150,758 | 137,776 | ||
| (Losses)/Gains | in the year | 1,892 | 12,982 | ||
| Market value at | 31 March | 152,650 | 150,758 | ||
| Cost at 31 March | 150,000 | 150,000 | |||
| 11 | Debtors | ||||
| 2022 | 2021 | ||||
| F | |||||
| Income tax recoverable | 3,804 | 4,949 | |||
| Other debtors | 2,401 | 3,638 | |||
| 6,205 | 8,587 | ||||
| 12 | Creditors Falling Due |
Within One Year | |||
| 2022 | 2021 | ||||
| f. | |||||
| Other creditors | 21,700 | 16,890 | |||
| Accruals and deferred | income | 2,730 | 3,466 | ||
| 24,430 | 20,356 |
| At 1 April | Income | Expenditure | Transfers | Gains/Losses | At 31 March | |||
|---|---|---|---|---|---|---|---|---|
| 2021 | 2022 | |||||||
| f. | E | |||||||
| Restricted funds | ||||||||
| Bristol Sunday | School | 55 | 55 | |||||
| Tyndale Circle | (85) | 85 | ||||||
| Special collections | 1,327 | (1,242) | (85) | |||||
| 55 | 1,327 | 1,327 | 55 | |||||
| Unrestricted | funds | |||||||
| Designated funds |
||||||||
| Trust fund | 32,794 | 32,794 | ||||||
| Fabric fund | 37,418 | 37,418 | ||||||
| Glover fund | 37,927 | 37,927 | ||||||
| The Mission Fund | (7,250) | 7,250 | ||||||
| Garden Fund |
271 | 271 | ||||||
| Organ Fund | 25 | 110 | (200) | 525 | 460 | |||
| Legacies fund | 318,050 | (20,000) | 298,050 | |||||
| Fixed asset designated fund |
5,034,313 | 5,034,313 | ||||||
| Pension reserve | (43,908) | (361) | 7,588 | 2,152 | (34,529) | |||
| 5,416,890 | 110 | 7,811 | 4,637 | 2,152 | 5,406,704 | |||
| General funds | 22,028 | 115,842 | (112,993) | 4,637 | 1,892 | 31,406 | ||
| Total funds | 5,438,973 | 117,279 | (122,131) | 4,044 | 5,438,165 |
| Prior year | ||||||||
|---|---|---|---|---|---|---|---|---|
| At 1 April | Income | Expenditure | Actuarial | At 31 March | ||||
| 2020 | Transfers | gains/losses | 2021 | |||||
| f. | f. | f. | ||||||
| Restricted funds | ||||||||
| Bristol Sunday | School | 55 | 55 | |||||
| Tyndale Circle | 1,000 | (1,000) | ||||||
| Special collections | 205 | (205) | ||||||
| 55 | 1,205 | 1,205 | 55 | |||||
| Unrestricted | funds | |||||||
| Designated | funds | |||||||
| Trust fund | 32,794 | 32,794 | ||||||
| Fabric fund | 37,418 | 37,418 | ||||||
| Glover fund | 37,927 | 37,927 | ||||||
| The Mission | Fund | (7,250) | 7,250 | |||||
| Garden Fund |
271 | 271 | ||||||
| Organ Fund | 25 | 25 | ||||||
| Legacies Fund | 318,050 | 318,050 | ||||||
| Fixed asset designated | ||||||||
| fund | 5,034,313 | 5,034,313 | ||||||
| Pension reserve | (69,149) | (1,458) | 5,836 | 20,863 | (43,908) | |||
| 5,391,353 | 25 | 8,708 | 13,357 | 20,863 | 5,416,890 | |||
| General funds | 19,791 | 110,842 | (95,248) | (13,357) | 22,028 | |||
| Total funds | 5,411,199 | 112,072 | 105,161 | 20,863 | 5,438,973 |
| The key financial | assumptions | underlying | the valuation | were as follows: | |
|---|---|---|---|---|---|
| Type ofassumption | 0/o pa | ||||
| RPI price inflation | assumption | 3.2 | |||
| CPI price inflation | assumption | 2.7 | |||
| Minimum Pensionable Income |
increases | (CPI plus 0.75'/0 pa) | 3.2 | ||
| Assumed investment returns |
|||||
| - Pre-retirement | 2.95 | ||||
| - Post retirement | 1.7 | ||||
| Deferred pension | increases | ||||
| - Pre April 2009 | 3.2 | ||||
| - Post April 2009 | 2.5 | ||||
| Pension increases | |||||
| - Main Scheme pension | 2.7 |
| Section 28.11AofFRS102 requires agreed defic provision is set out in the table below: |
it recovery payments to be r |
ecognised as a l |
|---|---|---|
| Accounting date (year ending) |
31 March 2022 | 31 March 2021 |
| Balance sheet liability at year start | -F43,908 | -F69,149 |
| Minus deficiency contributions paid |
F7,588 | f5,836 |
| Interest cost (recognised in SOFA) |
-E.361 | -E.1,458 |
| Remaining changes to balance sheet |
f2,152 | F20,863 |
| liability* (recognised in SOFA) |
||
| Balance sheet liability at year end | -E34,529 | -E43,908 |
| Accounting | date | 31 March 2022 | 31 March 2021 | 31 March 2020 | ||
|---|---|---|---|---|---|---|
| Discount rate | 3.00% | 0.90% | 2.20% | |||
| Future increases to Minimum | Pensionable | Income | 4.30% | 3.50% | 2.80% |