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