## ## |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|Charity|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|2021|| |---|---|---|---|---|---|---|---| ||||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|(Continued)|||| |---|---|---|---|---|---|---|---|---|---|---| |||||||||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| ##