2021-12-31-accounts

A company limited by guarantee - registered number 07863666

Registered as a charity in England and Wales - No. 1150434

London Baptist Church

Report and Accounts

31 December 2021

London Baptist Church Registered number: 07863666 Trustees' Report (Incorporating the Directors' Report)

The trustees, who are also the directors for the purposes of company law, present their report and accounts for the year ended 31 December 2021.

Principal activities

The company's principal activity during the year continued to advance the Christian faith for the benefit of the public.

Trustees

The following persons served as trustees during the year:

Mr S H Kim Mr T Ho Mr Y Cha (appointed on 3 March 2022)

Small company provisions

This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board on 21 September 2022 and signed on its behalf.

S H Kim Chairperson

1

London Baptist Church Statement of Financial Activities for the year ended 31 December 2021

Incoming resources Donations Investment income - bank interest received Total incoming resources Worship and supporting activities Donations to third parties Administrative expenses Total resources expended Net incoming resources for the year Total funds brought forward Total funds carried forward	2021 £ 295,012 39 295,051 (18,610) (2,577) (71,690) (92,877) 202,174 328,111 530,285	2020 £ 148,094 292
		148,386 (10,076) (1,410) (80,870)
		(92,356)
		56,030 272,081
		328,111

2

London Baptist Church Registered number: Statement of Financial Position as at 31 December 2021

07863666

Notes Fixed assets Tangible assets 3 Current assets Debtors 4 Cash at bank and in hand Creditors: amounts falling due within one year 5 Net current assets Net assets Funds General funds The Charity's total funds	2021 £ 9,187 8,642 514,546 523,188 (2,090) 521,098 530,285 530,285 530,285	2020 £ 12,250 6,592 310,433 317,025 (1,164) 315,861 328,111 328,111 328,111	2020 £ 12,250 6,592 310,433 317,025 (1,164) 315,861 328,111 328,111 328,111
			328,111
			328,111
			328,111

The director are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.

S H Kim Chairperson Approved by the board on 21 September 2022

3

London Baptist Church Notes to the Accounts for the year ended 31 December 2021

1 Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard), Charities SORP (FRS 102) and the Charities Act 2011.

Incoming resources

Incoming resources are recognised when entitlement has passed to the charity. Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. Legacy income is recognised when receipt is probable and entitlement is established. Income from donated goods is measured at the fair value of the goods unless it is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Income from donated facilities and services is recognised when received if the value can be reliabley measured.

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Plant and machinery 25% reducing balance

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

2 Employees Average number of persons employed by the company 3 Tangible fixed assets Plant and machinery etc £ Cost	2021 2020 Number Number 2 1 Motor vehicle Total £ £

4

London Baptist Church Notes to the Accounts for the year ended 31 December 2021

At 1 January 2021 At 31 December 2021 Depreciation At 1 January 2021 Charge for the year At 31 December 2021 Net book value At 31 December 2021 At 31 December 2020 4 Debtors Other debtors 5 Creditors: amounts falling due within one year Other creditors	4,308 4,308 3,533 194 3,727 581 775	27,200 27,200 15,725 2,869 18,594 8,606 11,475 2021 £ 8,642 2021 £ 2,090	31,508
			31,508
			19,258 3,063
			22,321
			9,187
			12,250
			2020 £ 6,592
			2020 £ 1,164

6 Other information

London Baptist Church is a private company limited by guarantee and incorporated in England. Its registered office is:

Bible Study Community Centre Unit 148-150 Penwith Road

Earlsfield London SW18 4QB

5

London Baptist Church Detailed statement of financial activities for the year ended 31 December 2021

Administrative expenses Employee costs: Wages and salaries Travel and subsistence Motor expenses Premises costs: Rent and church usage cost General administrative expenses: Telephone and fax Stationery, postage and printing Subscriptions Repairs and maintenance Depreciation Sundry expenses Legal and professional costs: Accountancy fees Other legal and professional	2021 £ 24,000 582 3,030 27,612 33,697 33,697 367 306 250 154 3,063 992 5,132 980 4,269 5,249 71,690	2020 £ 23,343 - 3,047
		26,390
		46,296
		46,296
		- 62 250 864 4,083 755
		6,014
		1,080 1,090
		2,170
		80,870

6