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2020-12-31-accounts

Page
Independent examiner's
report to the trustees
Statement of financial activities
Statement of financial position
Notes to the financial statements

2020 2019
Unrestricted Restricted
funds funds Total funds Total funds
Note
Income and endowments
Donations
and		 legacies 4 166,420 23,660 190,080 204,009
Investment
income		 5 196 196 329
Total income 166,616 23,660 190,276 204,338
Expenditure
Expenditure
on		 charitable activities 6,7 125,328 22,726 148,054 182,497
Total expenditure 125,328 22,726 'I48,054 182,497
Net income 41,288 934 42,222 21,841
Transfers
between		 funds
Other recognised gains and losses
Actuarial
gains		 on defined benefit pension
schemes 16,423 16,423 2,373
Net movement in funds 57,711 934 58,645 24,214
Reconciliation of funds
Totai funds brought forward 1,373,099 29,550 1,402,649 1,378,435
Total funds carried forward 1,430,810 30,484 1,461,294 1,402,649

31 December 20 2 0
2620 2019
Note
Fixed assets
Tangible fixed assets 12 1,315,159 1,315,159
Current assets
Debtors 9,966 16,426
Cash at bank and
in		 hand 167,442 118,888
177,408 '!35,314
Creditors: amounts falling due within one year 5,145
Net current assets 172,263 130,041
Total assets less current liabilities 1,487,422 1,445,200
Defined benefit pension plan liability 'l5 26,128 42,551
Net assets including defined beneAt pension plan liability 1,461,294 1,402,649
Funds ofthe charity
Restricted
funds		 30,484 29,550
Unrestricted
funds:
Revaluation
reserve		 687,617 687,617
Other unrestricted income funds 743,193 685,482
Total unrestricted
funds		 1,430,810 1,373,099
Total charity funds 'l7 'l,461,294 1,402,649

Donations
and l		 egacies
Unrestricted Restricted Total Funds
Funds Funds 2020
E
Donations
Offerings 111,587 4,040 115,627
Tax refunds 20,052 2,061 22,113
Other donations 2,729 17,559 20,288
Grants
Grants receivable
Other donations and legacies
Use of buildings and legacies 32,052 32,052
166,420 23,660 190,080
Unrestricted Restricted Total Funds
Funds Funds 2019
F E
Donations
Offerings 130,737 1,920 132,657
Tax refunds 25,125 1,751 26,876
Other donations 2,823 21,242 24,065
Grants
Grants receivable 4,000 4,000
Other donations and legacies
Use of buildings 16,331 80 16,411
179,016 24,993 204,009

Unrestricted Total Funds Unrestricted Total Funds
Funds 2020 Funds 2019
F
Bank interest receivable 196 196 329 329

Expenditure
on charitable
activit		 ies
by fund type
Unrestricted Restricted Total Funds
Funds Funds 2020
E E
Ministry 45,571 1,776 47,347
Establishment 34,211 15,954 50,165
Mission 32,103 4,996 37,099
Support costs 13,443 13,443
125,328 22,726 148,054
Unrestncted Restricted Total Funds
Funds Funds 2019
E
Ministry 71,046 1,225 72,271
Establishment 47,596 47,596
Mission 32,407 13,545 45,952
Support costs 16,678 16,678
167,727 14,770 182,497

Activities
undertaken Grant funding Total funds Total fund
directly of activities Support costs 2020 2019
F E
Ministry 47,347 5,208 52,555 80,789
Establishment 50,165 4,171 54,336 51,631
Mission 13,099 24,000 4,064 41,163 50,077
110,611 24,000 13,443 148,054 182,497

Analysis ofsup port costs
Total 2020 Total 2019
K
Staff costs 0 731
Church office 1,323 693
Communications and IT 5,758 5,524
Printing
and copier charges		 1,738 3,982
Finance costs 2,116 1,651
Other support costs 1,636 1,596
Refreshments 872 2,501
13,443 16,678

Analysis ofgrants
2020 2019
F
Grants to institutions
Baptist Union Home Mission 11,000 11,000
BMS World Mission 13,000 13,000
Total grants 24,000 24,000

The tot al staff costs and employee
benefits for t		 he reporting
period are analysed
as fol		 lows:
2020 2019
Wages and salaries 31,218 52,362
Social security costs 2,936 5,155
Other pension costs 3,364 6,830
37,518 64,347

Trustees have confirmed
that these
will be minimal
in nature. Dona
standing
orders
for the year ended
31 December
2020 are
in
214,260).
Tangible fixed assets		 tions
via gift aid envelopes
and
the region of f13,900 (2019-
Freehold
property
Cost
At 1 January 2020 and 31 December 2020 1,315,159
Depreciation
At 1 January 2020 and 31 December 2020
Carrying
amount
At 31 December 2020 1,315,159
At 31 December 2019 1,315,159

In respect of tangible of tangible of tangible fixed assets fixed assets held held at valuation, the aggregate cost, depreciation cost, depreciation and
comparable carrying amount that would have been recognised ifthe assets had been carried under
the historical cost model are as follows:
Freehold
property
At 31 December
2020
Aggregate cost 535,159
Aggregate depreciation
Carrying
value		 535,159
At 31 December 2019
Aggregate cost 535,159
Aggregate depreciation
Carrying
value		 535,159
13. Debtors
2020 2019
E
Other debtors 9,966 16,426
9,966 16,426
14. Creditors: amounts falling due within one year
2020 2019
Accruals and deferred income 5,145 5,273
5,145 5,273
15. Pensions and other post retirement benefits

Type offinancial assumption %pa
RPI price inflation assumption 3.20
CPI price inflation assumption 2.70
Minimum
Pensionable
Income increases
(RPI)		 3.20
Assumed
investment
returns
- Pre-retirement 2.95
- Post retirement 1,70
Deferred
pension		 increases
—Pre April 2009 3,20
- Post April 2009 2.50
Pension increases
- Main Scheme pension 2.70

Movement
in Balance		 Sheet liability
Section 28.11A of FRS 102 requires agreed deficit recovery payments to be recognised as a
liability.
The movement		 in the provision is set out in the table below.
Accounting
date (year		 ending): 31 Dec2020 31Dec2019
Balance sheet liability at year start 242,551 f44,924
Minus deficiency contributions
paid		 -f4,485 -f4,388
Interest cost (recognised in SoFA) f1,194
Remaining
change to balance sheet
liability* (recognised
in SoFA)		 -f12,624 821
Balance sheet liability at year end f26,128 f42,551

At Gains and At
1 Jan 2020 Income Expenditure Transfers losses 31 Dec 2020
F
General
Fund		 631,563 149,554 (119,815) 16,423 677,725
Designated Funds
- Buildings
Maintenance 49,662 (1,097) 48,565
Designated Funds
- Community
Events 4,257 4,257
Legacy 17,062 (4,416) 12,646
Revaluation
reserve 687,617 687,617
1,373,099 166,616 (125,328) 16,423 1,430,810
At Gains and At
1 Jan 2019 Income Expenditure Transfers losses 31 Dec 2019
E E E
General
Fund		 601,430 179,345 (151,585) 2,373 631,563
Designated Funds
- Buildings
Maintenance 65,679 (16,017) 49,662
Designated Funds
- Community
Events 4,257 (125) 125 4,257
Revaluation
reserve 687,617 687,617
1,358,983 179,345 (167,727) 125 2,373 1,373,099

Restricted funds
At Gains and At
1 Jan 2020 Income Expenditure Transfers losses 31 Dec2020
E E
CHYP Fund 3,376 502 3,878
434 Fund 4,549 9,575 (2,100) 50 12,074
Ministry
Gifts		 2,481 1,920 (1,776) 2,625
Ladies Afternoon
Fellowship 234 338 (377) 195
Pharaoh's Pantry 622 11,305 (2,419) 9,508
Womens Hour 168 20 (100) (50) 38
Buildings
Maintenance 18,120 (15,954) 2,166
29,550 23,660 (22,726) 30,484
At Gains and At
1 Jan 2019 Income Expenditure Transfers losses 31 Dec2019
CHYP Fund 2,260 1,218 (102) 3,376
434 Fund 4,824 125 (400) 4,549
Ministry
Gifts		 1,346 2,360 (1,225) 2,481
Ladies Afternoon
Fellowship 165 619 (550) 234
Pharaoh's Pantry 2,489 630 (2,497) 622
Womens Hour 248 275 (230) (125) 168
Gift Day 2019
Mission 9,766 (9,766)
Buildings
Maintenance 8,120 10,000 18,120
19,452 24,993 (14,770) (125) 29,550

Analysis of net as sets between funds
Unrestricted Restricted Total Funds
Funds Funds 2020
Tangible fixed assets 1,315,159 1,315,159
Current assets 146,924 30,484 177,408
Creditors less than 1 year (5,145) (5,145)
Defined benefit pension (26,128) (26,128)
Net assets 1,430,810 30,484 1,461,294
Unrestricted Restricted Total Funds
Funds Funds 2019
E
Tangible fixed assets 1,315,159 1,315,159
Current assets 105,764 29,550 135,314
Creditors less than 1 year (5,273) (5,273)
Defined benefit pension (42,551) (42,551)
Net assets 1,373,099 29,550 1,402,649