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|Trustees Annual
Report forthe Year ended 31December 2021|Trustees Annual
Report forthe Year ended 31December 2021|Trustees Annual
Report forthe Year ended 31December 2021|Trustees Annual
Report forthe Year ended 31December 2021||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|The Trustees submit their annual report and the financial statements||||for the year||||ended 31December 2020.The|||||
|Trustees have adopted|the provisions ofthe Statement
ofRecommended|||||practice (SORp —FRS102)|||||"Accounting||
|and Reporting
by Charities" issued in 2015in preparing the annual|||report and financial statements|||||||ofthe||charity.|
|Reference and Administrative||details|||||||||||
|Name||Oldfield Free Church (Baptist)|||||||||||
|Registered
Charity Number||11S4642—entered
on Register||19November||||2013|||||
|Principal Address||Maiden Avenue, Greenford|||||||||||
|||Middlesex UB60DJ|||||||||||
|Minister||Rev Ian M Thomas|||||||||||
|Trustees/Deacons||M Vijayamanoharan|||||||||||
|||D Pierrepont
(Treasurer)|||||||||||
|||R Rego|||||||||||
|||Cornel Tudosa-Merauti|||||||||||
|Property Trustee||The Baptist Union Corporation|Limited||||||||||
|||Baptist House, 129Broadway|||||||||||
|||Didcot, Oxfordshire
OX118RT|||||||||||
|Secretary||Vacant|||||||||||
|Bank||Lloyds Bank pic.|||||||||||
|||254 Northolt
Road,|||||||||||
|||South Harrow|||||||||||
|||Middlesex
HA2 8DZ|||||||||||
|Independent
Exaininer||Ms Esther
Chu was appointed||as Independent
Examiner
many|||||||years ago.||
|||The Trustees are very grateful|to Ms Chu for continuing||||||and who has||||
|||carried out the examinations|without|||charge.|||||||
|Structure and Governance|||||||||||||
|The Charity isgoverned|by its|Trust Deed dated 18September 1970and is part|||||ofthe Union ofChurches|||||known|
|as The Baptist Union of Great Britain and Ireland
(Registered
Charity|||||Number|||249635).|Oldfield||Free|Church|
|(Baptist) has been registered||with the Charity Commission
(Registered|||Charity||Number 1154642).||||||
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|The key assumpti|ons
underlying
the valuation
w|ere as fo|
|---|---|---|
|T
eoffinancial|assum
tions|9o a|
|RPI price inflation|assumption|3.20|
|CPI price inflation|assumption|2.70|
|Minimum
Pensionable
Income increases (RPI)||3.20|
|Assumed
investment
returns|||
|Pre-retirement||2.95|
|Post-retirement||1,70|
|Defined pension|increases||
|Pre-April 2009||3.20|
|Post April 2009||2.50|
|Pension increases|||
|Main Scheme pension||2.70|
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||Note|Restricted|Unrestricted|Total|2020|
|---|---|---|---|---|---|
|||E||E||
|Receipts||||||
|Donations and Grants||1,602|45,455|47,057|53,459|
|Bank Interest|||53|53|255|
|Total Receipts||1,602|45,508|47,110|53,714|
|Payments||||||
|Charitable
Activities||2,080|49,614|51,694|19,120|
|Cash surplus/deficit
for year||478|4,106|4,584|14,837|
|Cash balances at 1 January||771|117,841|118,612|103,775|
|Cash balances||||||
|at 31December||293|113735|114028|118612|
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|Donations|and Grants||||||
|---|---|---|---|---|---|---|
|||Restricted|Unrestricted|Total|2020||
|Gifts and|Offerings|902|34,663|35,565|27,435||
|Tax recovered|||7,097|7,097|5,354||
|Gift Day|||2,426|2,426|||
|Donations|from organisations|700|805|1,505||936|
|Sundry receipts|||517|517||232|
|||1602|45508|47110|33|957|
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|3.
Payments|||||
|---|---|---|---|---|
||Resticted|Unrestricted|Total|2020|
|Minister||26,100|26,100|3,449|
|Manse costs||5,042|5,042|1,181|
|Church maintenance||5,863|5,863|2,655|
|Subscription s||833|1,279|684|
|Utilities||2,774|2,774|2,382|
|Insurance||2,379|2,379|2,530|
|Giffs|1,634|3,725|5,359|4,033|
|Outreach||592|592|132|
|Administration||897|897|1,023|
|Youth||335|335|35|
|Sundry expenditure||1,074|1,074|1,016|
||2080|49614|51694|19120|
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|5.|||
|---|---|---|
|Fixed Assets|2021|2020|
|Church
property at Maiden Avenue|1,736,131|1,676,853|
|Manse property at 11 Rosehill Gardens|274,258|258,244|
|Fixtures and Fittings|73,999|71,298|
|Girls Brigade|75|75|
||2084463|2006470|
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|6.
Current Assets||||||
|---|---|---|---|---|---|
|Current Accounts||4,451|General|Fund|107,528|
|Less outstanding|cheques||Charities|Fund|293|
|Deposit Accounts||i09,333|Bursary|Fund|3,560|
|Cash|||Communion
Fund|||
||||Emergency
Fund||319|
||||Grou s|Funds|1,784|
|||114,028|||114,028|
|Loans|||Loans|||
|||114028|||114028|
||||As At|||As At|
|---|---|---|---|---|---|---|
||||31/12/2020|Recei ts|Pa ments|31/12/2021|
|General|Fund||109,571|44,375|46,418|107,528|
|Communion||Fund|476|68|||
|Emergency||Fund|1643|600|1924|319|
|Bursary|Fund||4160||600|3,560|
|Charities|Fund||771|1,602|2,080|293|
||||116,621|46,645|51,022|1'l2,244|
|Groups|||1,991|465|672|1,784|
||||118612|47110|51694|«4028|
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|for the year|ended 31Dece|mber 2021|||||
|---|---|---|---|---|---|---|
|7.Funds|||||||
|||As at||||As at|
|||31/12/2020|Recei ts|Pa ments||31!12/2021|
|Unrestricted|Funds||||||
|General||109,571|44,375|46,418||107,528|
|Communion||476|68||||
|Emergency|Fund||600|1924||319|
|Bursary Fund||4160||600||3,560|
|Boys Brigade||1251|172|301||1,122|
|Girls Brigade||740|293|37'l||662|
|||117841|45 508|49614|0|113735|
|Restricted Funds|||||||
|Charities
Fund||771|1,602|2,080||293|
|TotalFunds||118612|47110|51694||114028|