2021-12-31-accounts - The Peoples Church (Banbury)

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			JAN - DEC 2021	JAN - DEC 2020 (PYl
Income
40005 Foodbank income			50,103.56	.65,299.70
40006 Gift Aid Recovered			12,719.18	15,232.44
40007 Grants received			33,767.98	29,775.70
40010 Rental income, Access income & Hire offacilities			24,498.00	21,379.65
40011Tithes &Offerings -	Standing	Order	91,550.50	101,719.70
40012Tithes &Offerings -	Sunday	Collection	2,884.53	8,282.01
40020 Interest received			247.70	346.09
Ietaljneame			R2Ãg11AS	g242,93IL29
TOTAL			R2~1A5	RS42AOL29
Expenditures
Direct Charitable Expenditure
60001 Social Media/Advertising/Promotional			5,922.96	769.69
60003 Baptist Union Home	Mission		1,200.00	1,200.00
60004 Books, Information	and publications		228.61	277.40
60005CAP fees and expenses				1,661.00
60006Conference fees			350.00	747.99
60007 Donations			2,344.00	6,538.64
60008 Family time expenses				17.75
60009Foodbank costs			4,584.65	4,471A9
60010Foodbank motor expenses			1,656.48	2,522.40
60012 Hospitality			460.11	2,587.84
60013Kids Church expenses			148.73	112.12
60015 Music and licences			3,751.01	1,393.51
60016Safeguarding			201.94	205.87
60017Subscriptions			840.25	717.00
60018Yisiting preachers				100.00
60020 Youth expenses			1,671.23	755.84
Ietal?Sect Chadltihla &yandltLNa			29451.17	24+7M
Staff Costs
61001 Manse costs			13,312.18	13,814.19
61002Pensions			12,719.61	'15,940.86
61003Staff training &welfare			2,712.00	1,528.05
61004Wages and salaries			102,959.65	100,658.76
Ietalhtat Casts			131788A4	13QH188
Support Costs
62001 Accountancy			518.40	465.60
62002 Bank charges				25.96
62004 Cleaning			291.14	350.08
62005 Equipment expensed			1,268.97	4S6.86
62006 Equipment hire			1,725.17	1,774.05
62007 Insurance			3,300.05	3,204.08
62008 Legal and professional fees			3,540.00	2,766.00
62009Manse mortgage				1,220.00
62010Office/General Administrative		Expenses	348.79
62011 Printing, Postage and Stationery				547.08


			JAN - DEC 2021	JAN - DEC	2020 (PY)
62012 Refurbishment		ofchurch	12,331.09	61,281.72
62013Repairs and maintenance 62014Software and Website Costs			3,799.57 853.25	,.	2,86?.92 1,674.69
62015Telephone	and	broadband	1,106.17		1,255.30
Tetal:Sugtett Cests			2 MINES	27P1L84
Utilities
63001 Electricity 63002Gas			2,843.75 3,937.62		3,769.39 2,565.37
63003Waste Disposal			732.00		940.09
63004Water			997.62		972.13
TetalUllee			~iLSI		IWSJN
			f162,65ZJS	~SL72
NET OPERATING	INCOME		RÃ4114AS	R-%1AS
NET INCOME/(EXPENDITURE)			~1%45


	ASOF DEC31,2021	AS OF DEC31,2020 (PY)
Fixed Asset
Tangible assets
10001 Motor Vehides Cost	5,216.00	5,216.00
TetalIantllhh assets	R5giL80	'R541L88
TetalFbted~	C5gfL88	,RSg1tL88
Cash at bank and in hand
11001Current Account	12,717.44	'12,681.27
11002Family Time Cash & Bank	0.00	8.57
11003Food Bank Project	92,365.90	59,519.67
11004Saver Account Tetal Cashat~ and%Wand	10,000.00 ,Ri15ISM	,20,005.29 SI2g14.18
Current Assets
12001 BUC Trust Fund	119,106.75	,118,860.84
Ietal Cumanthssets		R118+8844
NET CURRENT ASSETS		&11~$4
NET CURRENT ASSETS (LIABILITIES)		RRiip7LS4
TOTAL ASSETSLESSCURRENT LIABILITIES		22114?0144
TOTAL NET ASSETS(LIABILITIES)		M18gSfii4
Charity funds
Restricted Funds
Restricted - Family Time Fund	0.00	8.57
Restricted - Food Bank Fund TetalRestdetad Funds	92,365.90 82+85.88	,59,519.67 48~~
Retained Earnings	0.00	0.00
Unrestricted Funds
Designated - BUC Trust Fund	119,106.75	118,860.84
Designated -Capital Fund	17,539.00	31,13S.OO
Unrestricted - General Fund	-12,720.01	6,914.99
TetalUntestdetadFunds	1R+4%74	1483
Surplus/(Deficit)	23,114.45	-151.43
Tetal Chatty funds	698485.88	RR10P81Ai4

			SORp
			reference
	Summary purposes	ofthe ofthe	Para 1.17	he Objects ofthe Church are for the public benefit: 1) to advance the Christian faith;
	charity as	set out in
	its governing document			2) to relieve those in need by reason ofyouth, age, ill-health, disability, financial or other disadvantage in our community,
				nation and the world	in such ways as the Church Leadership		from
				time to time may think fit; and
				) to advance education	in our community, nation and the	world		in
				such ways as the Church Leadership from time to time may think
				fit.
	Summary ofthe main activities in		Para 1.17 and 1.19	The main activities have comprised: Sundays:
	relation tothose			Main Service open to all.
	purposes for the			Kids Church
	public benefit, in			Youth Provision
	particular,	the
	activities, projects or services identified in the			Through the week: Small Groups - Fellowship, Socials	Prayer &Bible Study
	accounts.
				Youth
				Alpha
				Short Courses
				Foodbank for people in financial crisis in need ofemergency		food.
				Host for NHS Blood Donors
'	Statement		Para 1.18	The activities ofthe church Ithough the Trustees have	are open to all. not explicitly reviewed the guidance, the
	confirming whether the trustees have			hurch has always been run ider community. Through	for the benefit ofits congregation and the biblical teachings, the advancement			the of
	had regard	to the		he Christian faith sees the	attendees changing their attitudes	and
	guidance issued by			behaviours over time. Additionally, the church's services and		activities
	the Charity			re available to anyone and	everyone. The outreach through	the
	Commission	on		Foodbank is also for the public benefit, regardless ofrace, gender,
	public benefit			aith or ability.

You may choose to	You may choose to	include	further	statements where relevant about:
Policy on grant				No grants are made
making		Para 1.38
Policy on social				No social investments are made
investment including
program related		Para 1.38
investment
Contribution made by volunteers		Para 1.38		he church relies on volunteers tofunction. This is unday service, from welcoming people to helping		not only during run the service	the
				itself, but beyond that to the mid-week	small groups and involvement
				ith Foodbank. This voluntary work would total some 100-200hours
				per week.
Achievements	and Performance
			SORp
			reference
Summary ofthe main			Para 1.20	Forthe first half ofthe year, we held	worship online giving our
achievements ofthe				ongregation the opportunity to see one another,		sing, pray and	gathe
charity, identifying		the		around the Scriptures.
difference the charity's				ereopened our building for public	worship and	other gatherings		in
work has made to the				ugust of2021-this was a significant	moment in the life ofour
circumstances of	its			ommunity after the pain ofmultiple	lockdowns.
beneficiaries and	any			Reopening was particularly important	for members ofour community
wider benefits to				ith children, and for our young people, who were able to gather and
society as a whole.				ocialise with one another again.
				Our Foodbank programme operated throughout		2021providing	vital
				ood aid forthose in need.
dditional information			(optional)
ou may choose to	include further statements where relevant about:
Achievements against
objectives set			Para 1.41
Performance of				During 2021offerings and donations	from church	attendees were 149'
fundraising activities			Para 1.41	lower than in 2020. As a consequence	ofthe pandemic, the church
against objectives	set			building remained closed for services	until August	2021,with a
				resulting drop in regular offerings. The provision		ofgovernment
				upport through Furlough grants enabled the Trustees to continue
				spending on the direct charitable activities ofthe		church and retain		ou
				taff.
				hroughout the year, there continued	to be a high level ofcash
				donations received into the Foodbank, which has		enabled the church
				ocontinue meeting the increasing level ofdemand across Banbury				for
				he support ofthe Foodbank.
Investment
performance against			Para 1.41
objectives

inancial	Review
		SORp	~
		reference
Review ofthe charity's		Para 1.21		Income for 2021totalled f215,771,a decrease of1196compared to
financial	position at			2020.
the end ofthe period
				Expenditure in 2021totalled f192,657,	including expenditure on
				hurch refurbishment amounting tof12,331(compared			tof61,281in
				2020). Excluding church refurbishment	costs, expenditure		in 2021
				otalled f180,326, in line with the 2020	total off180,905. Following
				he financial uncertainties resulting from the pandemic,			the church has
				continued to keep a careful watch over	its operational	spending.
Statement	explaining	Para 1.22		he Trustees have determined it is appropriate to hold		3months of
the policy	for holding			operating costs in cash, totalling around	f45,000.
reserves stating why
they are held
Amount ofreserves		Para 1.22		Unrestricted reserves at 31December 2021amounted		tof147,040.Of
held				hat total, f119,106is held in a Baptist Union Corporation			Trust Fund,
				and the balance is held as cash reserves.
				Ofthe unrestricted reserves total, f136,645 is designated			as a capital
				und for future capital expenditure.
				Restricted cash reserves off92,365are	held to meet future costs of
				he Foodbank.
Reasons for holding		Para 1.22		N/A
zero reserves
Details of	fund	Para 1.24		N/A
materially	in deficit
Explanation ofany		Para 1.23		here are no concerns about the charity	as a going concern.
uncertainties about
the charity continuing
as a going	concern

Additional informatio	Additional informatio	n (optional)	n (optional)	n (optional)
You may choose to include		further statements where relevant about:
The charity's principal			he principal source offunds (excluding periodic fundraising				activities
sources of (including	funds any	Para 1.47	orspecific (donations)	projects such as church refurbishment) ofthe church attendees. This equates	is from the offerings to around 809'when
fundraising)			he Gift Aid	is also considered. This income isfrom a large number of
			individuals.
			In addition,	around 10%ofits income is from premises		hire	and
			greements	to access the church's car park.
Investment	policy and		No investments are made.
objectives	including
any social investment		Para 1A6
policy adopted

A description ofthe principal risks facing the charity	Para 1.46	Para 1.46	he largest risk isthat ofindividual donors stopping their giving. This ould likely be a slow decline over a period ofmonths and requires monitoring to ensure that giving is maintained.	he largest risk isthat ofindividual donors stopping their giving. This ould likely be a slow decline over a period ofmonths and requires monitoring to ensure that giving is maintained.	he largest risk isthat ofindividual donors stopping their giving. This ould likely be a slow decline over a period ofmonths and requires monitoring to ensure that giving is maintained.	he largest risk isthat ofindividual donors stopping their giving. This ould likely be a slow decline over a period ofmonths and requires monitoring to ensure that giving is maintained.	he largest risk isthat ofindividual donors stopping their giving. This ould likely be a slow decline over a period ofmonths and requires monitoring to ensure that giving is maintained.	he largest risk isthat ofindividual donors stopping their giving. This ould likely be a slow decline over a period ofmonths and requires monitoring to ensure that giving is maintained.
Other
tructure, Governance		and	Management
	SORp
	reference
Description ofcharity's			None
trusts:
Type ofgoverning	Para 1.25		rust deed
document
(trust deed, royal
charter)
How isthe charity	Para 1.25		he Church	is constituted	as an unincorporated			association.
constituted'?
(e.g unincorporated
association, CIO)
Trustee selection	Para 1.25		he process	for appointing	trustees	is outlined	in the Church's
methods including details ofany			onstitution in section 10.6.This is by unanimous rustees, confirmed by the church's membership.					agreement ofthe
constitutional
provisions e.g.
election to post or
name ofany person or
body entitled to
appoint one or more
trustees

Additional informatio	Additional informatio	n (optional)
You may choose to include		further statements	where relevant about:
Policies and
procedures adopted for the induction and		Para 1.51
training oftrustees
The charity's
organisational
structure and any		Para 1.51
wider network with
which the charity
works
' Relationship with	any
related parties		Para 1.51
Other

Names ofthe char	ity truste	es who man	age the charity
Trustee name	Office	(ifany)	Dates acted (ifnot for	name ofperson (orbody)
			whole year)	entitled toappoint trustee
				(ifany)
raig Corbett	Church	Secretary	Appointed
			6March 2022
lexander Sherwood	reasurer
Stefan McNally	Lead Pastor
arah Williams	ssociate Pastor
Ruth Parle	Health	8cSafety
Merid Desta	afeguarding		Appointed
			18September 2022
in-Chien Yeap	Church	Secretary	Resigned
			6March 2022

Corporate trustees	—names ofthe directors at the date the report was approved	—names ofthe directors at the date the report was approved	—names ofthe directors at the date the report was approved
Director name
Name oftrustees	holding	title to property	belonging tothe charity
Trustee name		Dates	acted ifnot for whole year
Baptist Union Corporation		Ltd