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