| 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 |
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| 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) |
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| R Rego | ||||||||||||
| Cornel Tudosa-Merauti | ||||||||||||
| Property Trustee | The Baptist Union Corporation | Limited | ||||||||||
| Baptist House, 129Broadway | ||||||||||||
| Didcot, Oxfordshire OX118RT |
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| Secretary | Vacant | |||||||||||
| Bank | Lloyds Bank pic. | |||||||||||
| 254 Northolt Road, |
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| South Harrow | ||||||||||||
| Middlesex HA2 8DZ |
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| 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). |
| 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 |
| 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 |
| 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 |
| 3. Payments |
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|---|---|---|---|---|
| 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 |
| 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 |
| 6. Current Assets |
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|---|---|---|---|---|---|
| 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 |
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| 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 |
| 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 |