#
##
##
|Trustees|||J RWElbourne|J RWElbourne|||
|---|---|---|---|---|---|---|
||||D H M Treneer||||
||||A Pop||||
||||SWalker||||
||||D
I Collins||||
||||L Lurcock||||
||||0Wilson||||
||||S Lynch||||
|Elders|||M Bray||||
||||J Elbourne||||
||||J Holman||||
||||M Lovell||||
||||D Treneer||||
||||TVellacott||||
||||M Mkandawire||||
|Charity number|||1136471||||
|Company|number||07227205||||
|Registered||office|65-71 Holland||Road||
||||Hove||||
||||Fast Sussex||||
||||BN3 1JN||||
|Independent||examiner|John Caladine||FCCA CTA FCIE||
||||Caladine
Limited||||
||||Chantry
House||||
||||22 Upperton|Road|||
||||Eastbourne||||
||||East Sussex||||
||||BN21 1BF||||
|Bankers|||National
Westminster|||Bank Pic|
||||56 Churchill|Square|||
||||Brighton||||
||||East Sussex||||
||||BN1 2ES||||
|Solicitors|||Lawson Lewis||Blakers||
||||11 Hyde Gardens||||
||||Eastbourne||||
||||East Sussex||||
||||BN21 4PP||||
##
##
||||Page|
|---|---|---|---|
|Trustees'|report||1-6|
|Statement|ofTrustees'|responsibilities||
|Independent
examiner's
report||||
|Statement|offinancial|activities||
|Statement|offinancial|position|10-11|
|Statement|ofcash flows||12|
|Notes to the financial||statements|13-26|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||funds|funds||funds|funds||
||||Notes|2020|2020f|2020
8|2019
8|2019
8|2019
8|
|lgggmtbkgm;
Donations
and legacies|||2|454,745|5,000|459,745|523,023|56,611|579,634|
|Charitable
activities|||3|16,026||16,026|70,408||70,408|
|Investments|||4|197||197|22,807||22,807|
|Other income|||5|12,897|23,028|35,925||10,282|10,282|
|Total income||||483,865|28,028|511,893|616,238|66,893|683,131|
|Raising funds|||||||1,603||1,603|
|Charitable
activities|||7|473,771|112,384|586,155|527,280|93,759|621,039|
|Total resources||||||||||
|expended||||473,771|112,384|586,155|528,883|93,759|622,642|
|Net gains/(losses)||on||||||||
|investments|||12|15,787||15,787||325,000|325,000|
|Net incoming/||||||||||
|(outgoing) resources
before transfers||||25,881|(84,356)|(58,475)|87,355|298,134|385,489|
|Gross transfers||||||||||
|between
funds|||20|740,644|(740,644)||(20,995)|20,995||
|Net income/(expenditure)||||||||||
|for the year/||||||||||
|Net movement|in|funds||766,525|(825,000)|(58,475)|66,360|319,129|385,489|
|Fund balances at 1||||||||||
|January 2020||||288,295|1,992,535|2,280,830|221,935|1,673,406|1,895,341|
|Fund balances|at 31|||||||||
|December 2020||||1,054,820|1,167,535|2,222,355|288,295|1,992,535|2,280,830|
##
##
##
|||||2020||2019|
|---|---|---|---|---|---|---|
||||Notes|8||6|
|Fixed assets|||||||
|Property,
plant and|equipment||13||1,202, 541|1,201,012|
|Investment
properties|||14|||825,000|
||||||1,202, 541|2,026,012|
|Current assets|||||||
|Trade and other receivables|||15|30,152||25,712|
|Cash at bank and|in|hand||1,028,523||270,107|
|||||1,058,675||295,819|
|Current
liabilities|||17|(8,435)||(8,214)|
|Net current assets|||||1,050,240|287,605|
|Total assets less|current liabilities||||2,252,781|2,313,617|
|Non-current
liabilities|||18||(30,426)|(32,787)|
|Net assets|||||2,222,355|2,280,830|
|Income funds|||||||
|Restricted funds|||20||1,167,535|1,992,535|
|Dam(00(ettfttnda|||||||
|Designated
funds|||21|153,075||167,003|
|||||153,075||167,003|
|General unrestricted||funds||901,745||121,292|
||||||1,054,820|288,295|
||||||2,222,355|2,280,830|
##
##
##
##
##
##
||||||2020|2019||
|---|---|---|---|---|---|---|---|
|||||Notes|6|f||
|Cash flows from operating|||activities|||||
|Cash (sbsorbed
by)/generated|||from|26||||
|operations|||||(77,663)||35,228|
|Investing|activities|||||||
|Purchase|of property,
plant|and equipment|||(2,544)|||
|Proceeds|on disposal
of investment|||||||
|property|||||840,787|||
|Investment|income received||||197|22,807||
|Net cash|generated
from investing|||||||
|activities|||||838,440||22,807|
|Financing|activities|||||||
|Repayment|ofborrowings||||(2,361)|(2,098)||
|Net cash used in financing|||activities||(2,361)||(2,098)|
|Net increase
in cash and cash equivalents|||||758,416||55,937|
|Cash snd|cash equivalents|at beginning||ofyear|270,107||214,170|
|Cash and|cash equivalents||at end of|year|1,028,523||270,107|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
|||funds|funds||funds|funds||
|||2020
6|2020
5|2020
8|2019f|2019|2019
F|
|Donations|and giRs|454,745||454,745|461,593|2,500|464,093|
|Legacies receivable|||5,000|5,000|61,430|54,111|115,541|
|||454,745|5,000|459,745|523,023|56,611|579,634|
|Donations|and gifts|||||||
|Donations|and gifts|385,199||385,199|394,126|2,500|396,626|
|Tax refunds||69,546||69,546|67,467||67,467|
|||454,745||454,745|461,593|2,500|464,093|
##
||2020|2019|
|---|---|---|
||8|E|
|Charitable
rental income|1,070|3,225|
|Mission Trips Income|5,681|65,983|
|Cottage rental income|9,275|1,200|
||16,026|70,408|
|For the year ended 31 December 2019|||
|Unrestricted
funds||70,408|
|||Unrestricted|Unrestricted|
|---|---|---|---|
|||funds|funds|
|||2020|2019|
|||F|6|
|Rental|income (Coleman Avenue)||22,267|
|Interest|receivable|197|540|
|||197|22,807|
##
##
##
##
||||Unrestricted|Restricted|Total|Restricted|
|---|---|---|---|---|---|---|
||||funds|funds||funds|
||||2020|2020|2020|2019|
||||8|8|f||
|Other income||(Listed Place of Worship Grant|||||
|Scheme)||||23,028|23,028|10,282|
|Job Retention Scheme (Furlough)|||12,082||12,082||
|Insurance|Claim||815||815||
||||12,897|23,028|35,925|10,282|
|Raising|funds||||||
||||||2n2n|2019|
|~lt||tl|||||
|Letting Fees||||||1,603|
##
##
##
##
|Charitable
activities|||||
|---|---|---|---|---|
||||2020|2019|
|Salary costs|||210,744|207,258|
|Depreciation|||1,015|506|
|Pastoral expenses|||2,109|4,628|
|Visiting speakers|||25|938|
|Conference
and delegate||expenses|3,248|5,112|
|Premises for parking|||1,320|5,381|
|Outreach|||2,147|4,384|
|Music and drama|||924|915|
|Books and purchases|||609|1,323|
|Catering|||483|1,312|
|Youthwork
and other|||5,978|13,513|
|Mission trips and events|||8,035|40,375|
|Training|||1,600|1,493|
|Group ministries|||4,888|5,955|
|Sundries|||1,624|8,512|
|Church
equipment
repairs||and renewals|5,265|5,498|
|Electricity, Gas and Water|||10,623|13,499|
|insurance|||8,738|8,725|
|Repairs and Maintenance|||11,143|15,710|
|Small Equipment|||10,322|1,692|
|Coleman Avenue
running||costs|944|3,235|
|Licences and Subscriptions|||4,400|3,530|
|Stonework Projects (Building
Restoration)|||111,978|89,478|
|Welcome Cafe Equipment||&Consumables|406|4,281|
||||408,568|447,253|
|Grant funding
ofactivities||(see note 8)|93,331|97,999|
|Share ofsupport costs (see note 9)|||77,456|69,949|
|Share ofgovernance|costs (see note 9)||6,800|5,838|
||||586,155|621,039|
|Analysis
by fund|||||
|Unrestricted
funds|||473,771||
|Restdcted
funds|||112,384||
||||586,155||
|For the year ended|31 December 2019||||
|Unrestricted
funds||||527,280|
|Restricted
funds||||93,759|
|||||621,039|
##
##
##
##
|||||2020|2019|
|---|---|---|---|---|---|
||||||6|
|Grants to institutions:||||||
|Christians
Against
Poverty||||19,775|18,500|
|General
GIRs to organisations||||7,661|13,305|
|Global Partners||||16,416|16,616|
|Missionary
Organisations||||12,974|16,395|
|Missionary
Partners||||23,573|32,713|
|||||80,399|97,529|
|Grants to individuals||||12,932|470|
|||||93,331|97,999|
|Support and governance|costs|||||
|||Support|Governance|Total|2019|
|||costs|costs|2020||
||||8|||
|Salary costs||61,639||61,639|57,322|
|Telephone||3,350||3,350|3,194|
|Office and Administration||12,487||12,457|9,433|
|Independent
Examination|||780|780|780|
|Accountancy|||3,120|3,120|2,640|
|Legal and professional|||1,286|1,286|660|
|Bank Charges|||479|479|360|
|Loan Interest|||1,135|1,135|1,398|
|||77,456|6,800|84,256|75,787|
|hnalyaRIU200M000||||||
|Charitable
activities||77,456|6,800|84,256|75,787|
##
##
##
##
##
|||2020|2019|
|---|---|---|---|
|||Number|Number|
|Direct church|activities|||
|Support||||
|Transformers||||
|Total||13|12|
|Employment|costs|2020|2019|
|||8|8|
|Wages and salaries||236,364|228,269|
|Social security costs||14,058|15,334|
|Other pension costs||21,961|20,977|
|||272,383|264,580|
##
|||||||Unrestricted|Restricted|
|---|---|---|---|---|---|---|---|
|||||||funds|funds|
|||||||2020|2019|
|||||||8|8|
|Revaluation|ofinvestment|properties|||||325,000|
|Gain/(loss)|on sale ofinvestment||properties|transferred|back to the General|||
|Fund (See|Note 20)|||||15,787||
|||||||15,787|325,000|
##
##
##
##
|||||Land and|Fixtures,|Total|
|---|---|---|---|---|---|---|
|||||buildings|fittings 8||
||||||equipment||
||||||8||
|Cost|||||||
|At 1 January|2020|||1,200,000|50,000|1,250,000|
|Additions|||||2,544|2,544|
|At 31 December 2020||||1,200,000|52,544|1,252,544|
|Depreciation|and impairment||||||
|At 1 January|2020||||48,988|48,988|
|Depreciation|charged||in the year||1,015|1,015|
|At 31 December||2020|||50,003|50,003|
|Carrying
amount|||||||
|At J I IJecenlvel||xvxV||I,KUU, UUV|c,v4
I|I
CA
I CVC Ut|
|At 31 December||2019||1,200,000|1,012|1,201,012|
##
|investment
properly||
|---|---|
||202n|
||8|
|Fair value||
|At 1 January 2020|825,000|
|Disposals|(825,000)|
##
##
|Trade and other receivables|||
|---|---|---|
||2020|2019|
|Amounts
falling due within one year:|E|8|
|Other receivables|27,151|22,682|
|Prepayments|3,001|3,030|
||30,152|25,712|
##
##
##
|16|Borrowings||||||
|---|---|---|---|---|---|---|
||||||2020|2019|
||Baptist Union|Corporation|Ltd|(see note 23)|30,426|32,787|
||Payable aRer|one year|||30,426|32,787|
|17|Current liabilities||||||
||||||2020f|2019
6|
||Baptist Union|Corporation|Ltd (Loan)|(see note 23)|3,496|3,496|
||Other payables||||1,039|1,058|
||Accruals||||3,900|3,660|
||||||8,435|8,214|
|18|)ton-current|liabilities|||||
||||||2020|2019|
||||||f|6|
||Baptist Union|Corporation|Ltd||30,426|32,787|
##
##
##
##
||||Movement|||||
|---|---|---|---|---|---|---|---|
||||in funds|||||
||Balance at||Incoming|Balance at|Resources|Transfers|Balance at|
||1 January|2019|resourcesl|January
2020|expended||31 December|
||||||||2020|
||||||||6|
|Legacy Funds||||||||
|General|82,003|||82,003||(45,477)|36,526|
|World Mission||||38,979|(7,430)|-|31,549|
|Reserve fund|85,000|||85,000|||85,000|
||167,003|||205,982|(7,430)|(45,477)|153,075|
##
##
##
##
##
##
##
||2020f|2019
6|
|---|---|---|
|Within one year|1,867|1,867|
|Between two and five years||1,867|
||1,867|3,734|
##
|The remun|eration
of3 key management
personnel,
2|ofwhom are Trustees,
isas follows.||
|---|---|---|---|
|||2020f|2019|
|Aggregate|compensation|126,092|123,629|
##
|their work a|s employees
ofthe Church as allowed
with|in the Memorandum
and Articles ofAssoci|ation.|
|---|---|---|---|
|||2020|2019|
|||E|f|
|Salaries||||
|D Treneer||35,088|33,768|
|SWalker||31,920|30,696|
|Employers|NIC|||
|D Treneer||2,823|2,936|
|SWalker||2,482|2,578|
|Pension contributions||||
|D Treneer||3,509|3,377|
|SWalker||3,192|3,070|
##
##
##
|26|Cash generated
from|operations|operations|||||2020|2019|
|---|---|---|---|---|---|---|---|---|---|
||||||||||8|
||(Deficit)/surplus
for the|year||||||(58,475)|385,489|
||Adjustments
for:|||||||||
||Investment
income recognised||in statement||offinancial|activities||(197)|(22,807)|
||Gain on disposal ofinvestment||property|||||(15,787)||
||Fair value gains and losses on||investment||properties||||(325,000)|
||Depreciation
and impairment
of property,|||plant and equipment||||1,015|506|
||Movements
in working|capital:||||||||
||(Increase)
in trade and|other receivables||||||(4,440)|(1,615)|
||Increase/(decrease)
in|trade and other payables||||||221|(1,345)|
||Cash (absorbed
by)/generated||from operations|||||(77,663)|35,228|
|27|Analysis ofchanges|in net funds||||||||
||||||||Att Jaeuanr|Cash flows|At 31December|
||||||||2020||2020|
||||||||F|8|f|
||Cash at bank and
in hand||||||270,107|758,416|1,028,523|
||Loans falling due aRer|more than one year|||||(32,787)|2,361|(30,426)|
||||||||237,320|760,777|998,097|