| Page | ||
|---|---|---|
| Independent examiner's report to the trustees |
||
| Statement offinancial | activities | |
| Statement offinancial | position | |
| Notes to the financial | statements |
| 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | |||||||
| funds | funds | Total funds | Total funds | |||||
| Note | ||||||||
| Income and endowments | ||||||||
| Donations and |
legacies | 4 | 176,554 | 22,131 | 198,685 | 190,080 | ||
| investment income |
5 | 18 | 18 | 196 | ||||
| Total income | 176,572 | 22,131 | 198,703 | 190,276 | ||||
| Expenditure | ||||||||
| Expenditure on |
charitable | activities | 6,7 | 171,535 | 19,459 | 190,994 | 148,054 | |
| Total expenditure | 171,535 | 19,459 | 190,994 | 148,054 | ||||
| Net income | 5,037 | 2,672 | 7,709 | 42,222 | ||||
| Transfers between |
funds | |||||||
| Other recognised | gains | and losses | ||||||
| Actuarial gains |
on | defined | benefit pension | |||||
| schemes | 4,728 | 4,728 | 16,423 | |||||
| Net movement | in | funds | 9,765 | 2,672 | 12,437 | 58,645 | ||
| Reconciliation | of | funds | ||||||
| Total funds brought | forward | 1,430,810 | 30,484 | 1,461,294 | 1,402,649 | |||
| Total funds carried forward | 1,440,575 | 33,156 | 1,473,731 | 1,461,294 |
| 3% Deeernber. 2 | 02 | t | |||
|---|---|---|---|---|---|
| 262%- | 2020 | ||||
| Note | |||||
| Fixed aesets | |||||
| Tangible fixed assets | t2 | 1,315,t59 | %,345,t59 | ||
| Current assets | |||||
| Debtors | 9,966 | ||||
| Cash at bank and in | hand | 167,442 | |||
| 17?',408 | |||||
| Creditors: ainounts | failing due within one year | ||||
| Met current assets | 179,972 | 1?2,263 | |||
| Total assets less current liabilities | 1,495,131 | 1,487,422 | |||
| Defined benefit pensiofr plan liability | %5 | 21,400 | 26.,128 | ||
| Net assets including | defined benefit pension pfan liability | 1,473,731. | 1,4N,294 | ||
| Funds ofthe charity | |||||
| Restricted funds |
33,156 | 30,484 | |||
| Unrestricted funds. |
|||||
| Revaluation reseive |
687,617 | 687,61? | |||
| Other unrestricted | income funds | 752,958 | 743,193 | ||
| Total unrestricted | funds | 1,440,575 | 1,430;810 | ||
| Total charity funds | 17 | 1,4?3,731 | 1,461,294 |
| Donations and l |
egacies | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| Donations | ||||
| Offerings | 108,378 | 1,920 | 110,298 | |
| Tax refunds | 18,738 | 2,630 | 21,368 | |
| Other donations | 2,463 | 17,581 | 20,044 | |
| Grants | ||||
| Grants receivabie | ||||
| Other donations | and legacies | |||
| Use of buildings | and legacies | 46,975 | 46,975 | |
| 176,554 | 22,131 | 198,685 | ||
| 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 | 32,052 | 32,052 | ||
| 166,420 | 23,660 | 190,080 |
| Unrestricted | Total | Funds | Unrestricted | Total | Funds | |||
|---|---|---|---|---|---|---|---|---|
| Funds | 2021 | Funds | 2020 | |||||
| Bank | interest | receivable | 18 | 18 | 196 | 196 |
| Expenditure on charitable activiti |
es by fund type |
|||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | Funds | |
| Funds | Funds | 2021 | ||
| E | E | E | ||
| Ministry | 55,224 | 3,196 | 58,420 | |
| Establishment | 64,981 | 2,161 | 67,142 | |
| Mission | 36,016 | 14,102 | 50,118 | |
| Support costs | 15,314 | 15,314 | ||
| 171,535 | 19,459 | 190,994 | ||
| Unrestricted | Restricted | Total | Funds | |
| Funds | Funds | 2020 | ||
| 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 |
| Activities | |||||||
|---|---|---|---|---|---|---|---|
| undertaken | Grant | funding | Total funds | Total fund | |||
| directly | of | activities | Support | costs | 2021 | 2020 | |
| F | |||||||
| Ministry | 58,420 | 6,772 | 65,192 | 52,555 | |||
| Establishment | 67,142 | 4,126 | 71,268 | 54,336 | |||
| Mission | 26,118 | 4,416 | 54,534 | 41,163 | |||
| 151,680 | 24,000 | 15,314 | 190,994 | 148,054 |
| Total 2021 | Total 2020 | ||
|---|---|---|---|
| Church office | 4,105 | 1,323 | |
| Communications | and IT | 6,627 | 5,758 |
| Printing and copier charges |
1,136 | 1,738 | |
| Finance costs | 1,818 | 2,116 | |
| Other support costs | 1,628 | 1,636 | |
| Refreshments | 872 | ||
| 15,314 | 13,443 |
| Analysis ofgrants | ||
|---|---|---|
| 2021 | 2020 | |
| Grants to institutions | ||
| Baptist Union Home Mission | 11,000 | 11,000 |
| BMS World Mission | 13,000 | 13,000 |
| Total grants | 24,000 | 24,000 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| K | ||||
| Wages | and salaries | 41,174 | 31,218 | |
| Sociai | security costs | 2,936 | ||
| Other | pension costs —defined | benefit | 4,564 | 3,364 |
| 45,738 | 37,518 |
| Tangible fixe | d a | ssets | |
|---|---|---|---|
| Freehold | |||
| property | |||
| Cost | |||
| At 1 January | 2021 and 31 December 2021 | 1,315,159 | |
| Depreciation | |||
| At 1 January | 2021 and 31 December 2021 | ||
| Carrying amount |
|||
| At 31 December | 2021 | 1,315,159 | |
| At 31 December | 2020 | 1,315,159 |
| In respect | In respect | of tangible | of tangible | fixed assets | held | at valuation, | 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 2021 |
|||||||||||||
| Aggregate | cost | 535,159 | |||||||||||
| Aggregate | depreciation | ||||||||||||
| Carrying | value | 535,159 | |||||||||||
| At 31 December 2020 | |||||||||||||
| Aggregate | cost | 535,159 | |||||||||||
| Aggregate | depreciation | ||||||||||||
| Carrying | value | 535,159 | |||||||||||
| 13. | Debtors | ||||||||||||
| 2021 | 2020 | ||||||||||||
| Other debtors | 8,716 | 9,966 | |||||||||||
| 8,716 | 9,966 | ||||||||||||
| 14. | Creditors: | amounts | falling due within one | year | |||||||||
| 2021 | 2020 | ||||||||||||
| E | |||||||||||||
| Accruals | and deferred | income | 5,689 | 5,145 | |||||||||
| 5,689 | 5,145 |
| Type of financial assumption | %pa | |
|---|---|---|
| RPi price inflation assumption |
3.20 | |
| CPI price inflation assumption |
2.70 | |
| Minimum Pensionable income Increase adjustment (above CPI) |
0.50 | |
| Pre-retirement assumed investment returns(gilt yield plus 1.75% pa) |
2.95 | |
| Post retirement assumed investment |
||
| returns (including benefits matched the insurance policy) (gilt yield plus |
by | 1.70 |
| 0.5% pa) | ||
| Minimum Pensionable Income increases (CP I plus 0.5%) |
3.20 | |
| Deferred pension increases (based on |
||
| RPI) | ||
| - Pre April 2009 | 3.20 | |
| - Post April 2009 | 2.50 | |
| Pension increases | ||
| - Based on CPI with an annual floor 0% and annual cap of5%. |
of | 2.70 |
| Section 28.11A of FRS liability. The movement |
102 requires agr in the provision is |
eed deficit recovery paym set out in the table below. |
ents to be recognis |
|---|---|---|---|
| Accounting date (year |
ending): | 31 Dec 2021 | 31 Dec 2020 |
| Balance sheet liability at | year start | f26,128 | 842,551 |
| Minus deficiency contributions paid |
(E4,564) | (F4,485) | |
| Interest cost (recognised | in SoFA) | 2262 | 2686 |
| Remaining change to balance sheet liability (recognised in SoFA) |
(6426) | (F12,624) | |
| Balance sheet liability at | year end | f21,400 | f26,128 |
| Analysis of | charita | ble funds |
|||||
|---|---|---|---|---|---|---|---|
| Unrestricted | funds | ||||||
| At | Gains and | At | |||||
| 1 Jan 2021 | Income | Expenditure | Transfers | losses | 31 Dec2021 | ||
| E | |||||||
| General Fund |
677,725 | 156,572 | (140,200) | (40,000) | 4,728 | 658,825 | |
| Designated | Funds | ||||||
| - Buildings | |||||||
| Maintenance | 48,565 | (17,690) | 40,000 | 70,875 | |||
| Designated | Funds | ||||||
| -Community | |||||||
| Events | 4,257 | 4,257 | |||||
| Legacy | 12,646 | 20,000 | (13,645) | 19,001 | |||
| Revaluation | |||||||
| reserve | 687,617 | 687,617 | |||||
| 1,430,810 | 176,572 | (171,535) | 4,728 | 1,440,575 | |||
| At | Gains and | At | |||||
| 1 Jan 2020 | Income | Expenditure | Transfers | losses | 31 Dec 2020 | ||
| E | E | E | |||||
| 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 |
| Restricted | funds | |||||||
|---|---|---|---|---|---|---|---|---|
| At | Gains and | At | ||||||
| 1 | Jan 2021 | Income | Expenditure | Transfers | losses | 31 Dec 2021 | ||
| F | ||||||||
| CHYP Fund | 3,878 | (142) | 3,736 | |||||
| 434 Fund | 12,074 | 130 | (1,385) | 10,819 | ||||
| Ministry Gifts |
2,625 | 1,920 | (3,196) | 1,349 | ||||
| Ladies Afternoon | ||||||||
| Fellowship | 195 | 505 | (436) | 264 | ||||
| Pharaoh's | Pantry | 9,508 | 7,265 | (3,883) | 12,890 | |||
| Womens | Hour | 38 | 33 | (71) | ||||
| Gift Day 2021 | 12,278 | (8,186) | 4,092 | |||||
| Buildings | ||||||||
| Maintenance | 2,166 | (2,160) | ||||||
| 30,484 | 22, 'I 31 | (19,459) | 33,156 | |||||
| At | Gains and | At | ||||||
| 1 Jan 2020 | Income | Expenditure | Transfers | losses | 31 Dec 2020 | |||
| F | F | |||||||
| 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 |
| Analysis ofnet as | sets between funds |
|||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| E | ||||
| Tangible fixed assets | 1,315,159 | 1,315,159 | ||
| Current assets | 152,505 | 33,156 | 185,661 | |
| Creditors less than | 1 year | (5,689) | (5,689) | |
| Defined benefit pension | (21,400) | (21,400) | ||
| Net assets | 1,440,575 | 33,156 | 1,473,731 | |
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2020 | ||
| F | ||||
| 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 |