2022-03-31-accounts - Watnall Road Baptist Church

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Contents		Page
Trustees' Annual Report		1to6
Independent Examiner's	Report to the Trustees
Statement of Financial	Activities
Balance Sheet
		10to 21
Notes to the Accounts

Registered	Name	Watnall Road	Baptist Church
Charity Registration	Number	1144186
Principal Office		Watnall Road
		Huck nail
		Nottingham
		NG1SESG
The Trustees		Rev SJ Robinson
		Mr L O'Kane
		Mrs D Pindura
		Miss LJ Buckley
		Mrs y Campbell
		Mr T L Clay
		Mr AJ Clay
		Mrs K E Cooper
		Mrs F Daft
		Mrs A Francis
		Dr E H McVicar
Accountants		A R R Price Limited Chartered
		Accountants
		17 Newstead	Grove
		Nottingham
		NG1 4GZ

The financial statements	for the year ended	31stMarch	2022	are presented	in the format for submission to the Charities
Commission and show:
Incoming resources of			E190,668		(6225,232 in 2020/21)
Resources expended of			E205,797		(6196,181 in 2020/21)
(Net expenditure)/net	income		(E	15,129)	(6 29,051in 2020/21)
Actual gains on defined	benefit pension	scheme	E	2,082	(E 9,794 gain in 2020/21)
Net movement in funds			(E	13,047)	(E 38,845 in 2020/21)

2020-21	Donations	and	Legacies	2021-22	2021-22	2021-22	2021-22
actual						Variance
						actual	to
				budget	actual	budget
				E		E
133,312	offerings			125,185	127,339		2,154
5,473	donations				1,365		1,365
22,169	covid support		Engage Gifts				0
2,376	jobs retention		scheme (furlough)				0
35,029	gift aid			30,525	30,427		-98
13,149	raised for	other causes			4,643		4,643
400	legacies
211,908	total donations		and legacies	155,710	163,774		8,064

diture was	f5,386 less t	han w	e budge	te	d,	of which E	ngage Gifts spent f2,	917more than forecast.
2020-21	expenditure						2021-22	2021-22	2021-22
actual							budget	actual	difference
							f
10,315	engage gifts						15,000	17,917	-2,917
185,866	expenditure	on charitable		activities:			196,183	187,880	8,303
196,181	total expenditure						211,183	205,797	5,386
						total
225,232	income						199,260	190,668	-8,592
29,051	surplus or (deficit)		for the year				-11,923	-15,129	-3,206
diture on	charitable activities		was f8,303			less than	budget. The table below shows an analysis of this variance,
ministry costs accounting		for E8,068of			this	favorable	variance.
2020-21	expenditure	on charitable			activities		2021-22	2021-22	2021-22
actual							budget	actual	difference
							E
104,747	ministry						116,079	108,011	8,068
46,298	mission						39,703	39,505	198
33,991	upkeep of church		premises				39,501	39,482	19
830	governance	costs					900	882	18
185,866	total expenditure						196,183	187,880	8,303

Engage Gifts stock at cost	price	E14,872
Engage Gifts cash		E14,895
Restricted funds (amounts	given for specific purposes)	E 1,873
Emergency Fund		E40,000
Building Fund		E14,934
Unallocated		E45,490

							2022			2021
						Unrestricted	Restricted		Total	total
						Funds	Funds		Funds	funds
					notes	E			f	f
Income and endowments
donations and legacies						159,131	4,643		163,774	211,908
charitable activities						7,739			7p739	5,478
other trading activities investment income						13,644 35			13644 35	7 341 228
coffee shop						5,476			5,476	277
Total income						186,025	4,643		190,668	225,232
Expenditure
Expenditure on raising funds. Costs ofother trading activities					9	17,917			17,917	10,315
Expenditure on charitable Total expenditure	activities				10	179,212 197,129	8,668 8,668		187,880 205,797	185,866 196,181
Net (Expenditure)/Income		and net	movement	in funds		(11,104)	(4,025)		(15,129)	29,051
Transfer between funds
Actuarial 6ains/(Losses) Scheme	on	Deferred	Benefit Pension			2,082			2,082	9,794
Net Movement in Funds						(9,022)	(4,025)		(13,047)	38,845
Reconciliation offunds
Total funds brought forward						408,534		5,853	414,387	375,542
Total funds carried forward						399,512		1,828	401,340	414,387

					2022
			notes	f	6
Fixed Assets
Tangible Fixed Assets			15		284,277	280,864
Current assets
Stocks			16	14,872		16,773
Debtors			17	34,744		18,926
Cash at Bank and in	Hand			90,772		124,502
				140,388		160,201
Creditors: amounts	falling due within one yea r			(8,325)		(6,056)
Net Current Assets					132,063	154,145
					416,340	435,009
Provision for Liabilities
Defined benefit pension		liability	19		(15,000)	(20,622)
Net Assets					401,340	414,387
Funds ofthe Charity
Unrestricted Funds					399,512	408,534
Restricted Funds					1,828	5,853
Total charity funds			20/21		401,340	414,387

					unrestricted	restricted	total	total
					funds	funds	funds	funds
							2022	2021
							f
4 donations and	legacies
offerings					127,339		127,339	133,312
donations					1,365		1,365	5,473
grants —Ashfield		District		Council covid support				21,669
grants —Nottinghamshire				County Council covid support				500
grants —jobs retention			scheme					2,376
income tax recovered on gifts					30,427	(1,909)	28,518	35,029
raised for other		causes				6,552	6,552	13,149
legacies								400
total donations		and legacies			159,131	4,643	163,774	211,908
5 charitable activities
rents and contributions				for use of premises	7,739		7,739	5,478
6 other trading	activities
shop income	—engage		gifts		13,644		13,644	7,341
7 investment income
bank interest	receivable				35		35	228
8 other income
coffee shop					5,476		5,476	277
					5,476		5,476	277
9 costs of other trading			activities
purchases					8,461		8,461	4,911
stock movement					1,900		1,900	1,006
rent					4,420		4,420	4,420
rates					368		368
utilities					2,255		2,255	1,519
insurance					457		457	455
sunclry					56		56	16
					17,917		17,917	10,315

expenditure on charitable activities
		2022			2021
	unrestricted	restricted		total	total
ministry wages and salaries employer's NIC pension costs manse upkeep minister's books and materials	76,513 2,324 7,117 3,437 627			76,513 2,324 7,117 3,437 627	75,957 2,089 5,624 2,765 232
minister's travel	353			353	243
mentoring costs	255			255	240
visiting ministers ministry sub total	275 90,901			275 90,901	87,150
support cos'ts wages and salaries pension costs telephones inc mobiles printing and stationery	7,318 341 1,958 2,596			7,318 341 1,958 2,596	7,651 383 1,938 2,400
subscriptions	2,328			2,328	2,245
courses and conferences	237			237	242
finance cost (pension deficit) sundry expenses support costs sub total total ministry	153 2,179 17,110 108,011			153 2,179 17,110 108,011	616 359 15,834 102,984
mission
given to other causes feeding families children, families and young people	17,201 1,137		4,643 520	21,844 520 1,137	35,707 480 734
seniors	275		265	540	262
Active Partners			2,789	2,789
worship group/AV coffee shop	643 4,681		451	1,094 4,681	1,150 352
catering Renew 34	246 955			246 955	5 541
outreach	22			22	1,120
					725
equipment depreciation —equipment	5,677			5,677	5,232
total mission	30,837		8,668	39,505	46,298

		2022		2021
	unrestricted	restricted	total	total
	f	f
upkeep of church premises
wages and salaries	9,907		9,907	8,438
employer's NIC	61		61	32
pension costs	494		494	121
light and heat	7,441		7,441	5,761
furniture and fittings				632
repairs and maintenance	7,769		7,769	8,067
insurance	3,802		3,802	3,569
cleaning	2,241		2,241	1,654
depreciation —land and buildings	5,867		5,867	5,717
	37,582		37'582	33,991
support costs
wages and salaries	813		813	850
pension costs	38		38	42
telephone	218		218	215
printing and stationery	288		288	274
subscriptions	259		259	248
courses and conferences	26		26	27
finance cost (pension deficit)	16		16	69
sundry expenses	242		242	39
	1,900		1,900	1,763
total upkeep ofchurch premises	39,482		39,482	35,754
governance costs
examiner's fee	882		882	830
TotalExpenditure	179,212	8,668	187,880	185,866

				Notes		to the Financial Statements
							activity	support	total
								costs	funds
							E	F.	E
11Analysis of expenditure		on	charitable		activities 2021
ministry							87,150	15,834	102,984
mission							46,298		46,298
upkeep of church premises							33,991	1,763	35,754
governance costs							830		830
							168,269	17,597	185,866
Analysis ofexpenditure		on	charitable		activities 2022
ministry							90,901	17,110	108,011
mission							39,505		39,505
upkeep of church premises							37,582	1,900	39,482
governance costs							882		882
							168,870	19,010	187,880
12 independent examination			fees				2022		2021
fees payable for:							E		E
independent examination			of	financial		statements	882		830
13 staff costs
wages and salaries							94,551		93,654
social security costs							2,360		2,092
employer contributions		to	pensions				7,990		5,441
							104,901		101,187
							No.		No.
number of ministry	staff
number of administrative			staff
number ofcaretaker	staff

			Land and
			buildings	Equipment	Total
	cost		6
	at 1April 2021		547,089	43,054	590,143
	additions		7,500	7,457	14,957
	at 31March 2022		554,589	50,511	605,100
	depreciation
	at 1April 2021		287,153	22,126	309,279
	charge for the year		5,867	5,677	11,544
	at 31March 2022		293,020	27,803	320,823
	carrying amount
	at 31March 2022		261,569	22,708	284,277
	at 31March 2021		259,936	20,928	280,864
16	Stocks
			2022	2021
	stocks for resale		14,872	16,773
17	Debtors		2022	2021
			E
	income tax recoverable		30,706	15,498
	other debtors and	prepayments	4,038	3,428
	total debtors		34,744	18,926
18	Creditors: amounts	falling due within one year	2022	2021
			E	E
	tax and social security		1,461	1,366
	other creditors		6,864	4,690
	total creditors		8,325	6,056

				2022	2021
Defined	benefit pension	liability
Comprises
Liability	as at 1April 2021			20,622	32,472
Deficiency contributions		paid		(3,709)	(2,740)
Interest	cost			169	684
Changes	in deficit recovery plan and		in assumptions	(2,082)	(9,794)
Liability	as at 31March	2021		15,000	20,622

			31.03.22	31.03.21	31.03.20
Accounting Date
Discount Rate			0.90ao	0.90'Yo	2 00o/o
Future Increases	in Minimum	Pension Income	2.80~/o	3.50%%uo	2.80~/o

Analysis of	Chari	table Funds
			At					At
			01/04/2021	income	expenditure	gains/(losses)	transfers	31/03/2022
			f			f	f	f
unrestricted	funds		38,498	172,381	(167,121)	2,082	7,457	53,297
Engage Gifts			33,985	13,644	(17,917)			29,712
Church Premises		inc manse	259,936		(5,867)		7,500	261,569
Building Project		Fund	36,115		(6,224)		(14,957)	14,934
Emergency	Fund		40,000					40,000
			408,534	186,025	(197,129)	2,082		399,512
Restricted	funds
Raised for	other	causes		4,643	(4,643)
Feeding Families			520	-	(520)
Active Partners			2,840	—	(2,789)			51
AV Equipment			1,427		(451)			976
Momentum			801					801
Natter			265	—	(265)
			5,853	4,643	(8,668)			1,828
Totals			414,387	190,668	(205,797)	2,082		401,340

Analysis ofnet assets between	funds
		Unrestricted	Restricted	Total funds
		funds	funds	2022
Tangible fixed assets		284,277		284,277
Current assets		138,560	1,828	140,388
Creditors less than one year		(8,325)		(8,325)
Provision for liabilities		(15,000)		(15,000)
Net assets		399,512	1,828	401,340
Analysis ofnet assets between	funds (continued)
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2021
				f
Tangible Fixed Assets		280,864		280,864
Current Assets		153,738	6,463	160,201
Creditors Less Than One Year		(5,446)	(610)	(6,056)
Provisions for Liabilities		(20,622)		(20,622)
Net Assets		408,534	5,853	414,387