WRBC T￿aSUr0[ Walsworth Rd HilrF¥ti Herts SG4 9SP . Walsworth Fk)od ANNUAL REPORT & ACCOUNTS 2021 Page1of1 ANNUAL REPORT - WALSWORTH ROAD BAPTIST CHURCH This is a summary of s(xne of the 81kn1ies whi(* I(￿k duriTrJ the year. with a parlicJJlar focus on events vthich dem¢Mstrate wblic l￿efftaS a register￿1 L*ariiy. Walsworth Road Bapb5t Churth is a friendty Baptist celebrated its 150th anniversary in 2019. The thurth invries the communty to %wrship God with us. There are regular Sunday services each ￿￿k. and a number of events and groups to appeal to people of all ages. In 2021 V+P retumed lo meefirrfJ in the building, V*ilh a Zoom broadcast for those unable to attend in person WRBC runs a youth dub for youryJ peop￿ in yearn 6 to 11 on &Jnday evenings. Cknline activilies ￿ntinUed all year foryoung people. WRBC is the for the 3rd Hitc*in and 91h Hitchin Guhjing groLPS. WRBC aims to provide pastoral care for the wider community arourKI the and employs a church workerto help the pastor wilh this task. They We￿ paitwlth busy meeting the pastoral need of our communty during bckdth￿s. The church maintains ils Vidman and E(trward￿ buildings and offers them to a wide range of lo(*l groups induding an •x8r(isè d855. a t(xYdler group, a reoxder group. a lo¢al We continue to have dose links tW•Y) Ic￿1 ¢t￿rIti.es. th8 Hitchin Churthes So*ools Worker Trust {PHASEI arKI Churches T(Wher in Hitthin. WRBC continue(1 to run its annual Shoe Box Proie(a in ttjlkboration wth local s(*0015, delwering a reduced but still substantial n*Jmber of shoe ￿¥eS the charity LKnk to How distributed abroad at Chrislmas time. The thurch cajllects funds for other (*aiilies give to peop￿ bolh in the UK 8nd abroa¢J. See note 4c for full t1etails. Accounts 2021 vl.1.x15b- kokiera Prwited 18102r2022 Page2of9 la Receipts & Payments January. Decemb￿ 2021 Prevlou• DeSIgr￿(•d R•Strk￿ UnrBstriclgd TOTAL 2021 Y￿r 2020 In¢¢)mo BuibJino U8e Mi5SK)n Pkx 1039.( 3￿.45 3.039.CQ £ 2.924 2.028 69.880 1324.32 2.653.77 £ 8424&93 64,248.93 £ 21,333.19 £ 45.24 £ (Xher Ir 21,333 19 45.24 25,192 76 Tra(*xaft I&E Tdzl Inc￿• 13x32 £ O.QO £ 84995.81 £ 91.320.13 £ 1Lh).097 AdrrirtstrabcAI 2,830.48 1400.85 2,830.48 £ rr* 431.50 2,832.35 £ 2.477 7.1 etrrtjrch UF408P Man8e 8,953.36 £ 7,947.63 7.947.83 £ 11.421 Ministy & P•Yol Ministy Ex￿$8$ MisS￿n ￿ HOG EYpen(Ihxe MisS￿n Regukrswrft Utilthes 55381.87 1.319.99 55,281.67 È 1,319.99 £ 3,988.17 £ 3.785 1.941.17 3,052 10.804 1.225.t 9,575 [#] &07T.88 .￿ £ 9&43406 £ 10,800.00 £ 5,077.88 £ Toial EApvM 159T.67 £ 99,031.73 £ 102,239 Nei IncL 1 i 127US £ 7.711.W 2,142 Chary in val￿of Stoc* Not ProftUDtsfi¢il -7,712 -£ 2,142 brfwt•n Fun crrri*ma5 Tree 383 1 1225 / T*iMing to Fkpe FLThI Pasteral Gifts 5tK Accounts 2021 v1.1.xlsb- kopiera Printed 1W02r2022 Page3of9 1 b. Notes to the Receipts and Payments Statement Building Use describes income from a wmle rary of peci)le and organisatsons wlK* use Ihe premises. primarily Ihe chU￿h Han. This of course heavily reduced overthe pandem￿. Mission Ad Hoc Income indudes gffts recoN8d by tha Church wilh thè intsnbon thal those gifts are for¥Yarded to other charities. The main ehaTiti8s suprKjrt￿l by WRBC under Ihi6 he*Jing arè BMS and Llnk to Hts￿. plus, eath year. we hokl a Christsna5 Tr8e Appeal for tharity. Tha Off$rin9 includes monies received through Monthty giwng (mainty StsndiTrJ Orders). Wee￿Y giving lihrough an envd0￿ giving sr*emel. and any oth8rgffts r￿¥￿1 via th* website cash Other 1￿m& indudes monies rec&v&J from Ihe Httchin Youth Twst lon an annual basis as part of an access agregmontl. Gift Aid redaimed on ¢knnalk￿s arn1 b8gaaes or one-off donat￿$. Traklcraft income is deriv￿J from a stall run byvolunteers which sdls ethicalty-sourced prcxyucts from the Tiavjcraft organisatb)n. This scheme is intended to o)ver ts costs & to make a smal profit. The figurès quoted indude items US￿ by the church vknich tracknl $4paratgty Via a receipts system and arè trntered into lh8 sothvare. Adminislratbn costs ￿dude a w•Je ra￿ of eyperws li￿nceS. gJb5CriPtK)ns and ojnforanco CC6ts, as ¥￿11 as 3trab3htfoTrvard ad￿￿nIStratX)n u)sts such as paFw. ink. Fyjsters, et¢. Church Groups orKI Activibes incI￿leS e4)ense5 for Youlh W(ffk as well as i*tÈriry & kntchen costs. Churth Upkeep indudes servic85 1x￿ts needed to maintain church buildings such as PAT tesiing. boSler serybung. Ètc.. equipment costs to re￿a¢e or damaged item5, deaning costs and Insuran￿ costs. 10 WRBC ¢)wns a Manse vknich is uwl lo house ryjr ￿nISter and his family. Mansa ujsts Include councl tax. water rates. heatiTrJ, 1￿h￿.ng. etc. Some of Ehese CO￿ are pahl directty by thè ehurch. others are pakl by the Minister and an agreed proporbr￿ damed back throwJh Ihe Minsterfs Expen59S System. 11 Ministy and payroll costs are the costs to Ihe cFMJrch of emplow.ng a Minister includirvJ stipeTrd. empwrfs National Insurance. L¥nph)yeffs pension (bnlribulion, etc. and the rDsts of empk)wng a part time youth worker, a part time church wcykgrwtth a speual emphasis on pastoral care ar￿ outreach. and a e￿an￿r, who was the onty rnember of slaff on furI￿gh the t*Jilding was dosed. 12 Ministy Expenses ar8 5pift into areas- expenses dalM￿j by ern￿Oyees in conn8ctirm wth their duties (such as books. miWe, pastrffal, etcl and extemal expensgs assocklted wth running services (fees for visiting preachers. organists. etc). 13 MissKsn Ad Hoc Expenditurè is directy link8d to itern 2. and is th8 distritxAbJn of gffts rgceived by the Church for other charities. 14 MiSs￿n Regular Support indudes rnOn￿ a regular basi5 to or93nisations wilh vthich WRBC Ilnked such as thè Baptist Mission8ry Soriety IBMS), th8 Centr81 Baptist Asswation ICBAI, PHASE School$ Worker, ete. This 3UPPOrt is Vot￿ as part of thè 8nnual buthJet at Ih? stsrt of each yèar. 15 Ub"lities o)mwses ts costs of gas, glectsKity. water. o)nsumed byts thurch. 16 Restricted IncL¥ll8 is a term d&fined by Ihe Charty c￿misSil￿ to d8￿be mon8y which has b8en gwen for 8pwr￿ W￿Se and so canrM)t be ijsed a dKferent purp)s&. So the WRBC accwnts have to split out our Receipts and Payments into unrest￿ and Restricted A¢￿Unts 2021 v12 Pagè4of9 1c. Analysls of Fund Movements for the Year Date Memo IAwno Amount Fund Sub4 te orles Chdskna$ Tree O￿nIng b*nce R6¢epts duriffj PayTNenls dwr*J Designated - Flow•r Fund 0110112021 OFa)ng ba￿ R￿pts durirvj thgyaar PayThents durbw th& 31112rAr21 L>JsNig L* £ • 766.yj 383.15 . 432 /. 31112r2021 General 01h)112021 OperirvJ balanr Recaipts duwtr*> £ 14 285.￿ 265.02 311121a)21 Operatlon Agrl 1A)11￿21 Openiry b￿arre D•signal￿- Rè$erv89 01￿1r￿}21 OperMrvJ bBbr Rorwig thJrirKJ Iha >wr 35,[￿.c 62.0) 3111Y3J21 31112rJ)21 35.OOD.00 Twinning 0110112021 R¢stricted- Justice Fund 01101rkn21 Ow¥tYJ baL8nté R￿￿pts thJrirwJ Ihe swr thIringt￿ ￿ar 3111212021 Ctsmg bal Operitr#J R￿elpts thJr*vJ Ihe I￿.32 7,185.00 31112fJ)21 1341.32 7.185 Mission Ad Hoe- Link to Hop8 01m112021 Opening bla￿8 £ 0 1XJ1.IXI 1.231.r¥) 3111213r21 Accx)unts 2021 v1.2 Printed 1810212022 Pagè5of9 2. Statement of Assets & Liabilities at 31st. December, 2020 As of Dec 31, As of D¢G 31, 2020 Cath at bank4Trd In 35.303.68 8n.18 35,043ts4 110¢5.12 8¥ckys 8￿k¢aoh￿CuJrt 394.045.24 lJfjJ1110 9&124.19 Tptal Cash at bAnk fW12JS Ewlprnem 120. 7.448.78 1323.78 249.30 StrKk 249.30 7.698 144.010.11 N•t cuThontAs¥•ts 147.W6m Cufièni Lplmlibes VAT Uabllty Pr¢p8￿v￿nts T(é81 CutRnt Lk*Aln 3,815.75 3￿1&75 3.8IS.75 1AO,194AJ 140.194A3 0.00 rotal Crodtttsrt.. ¥m¢Jurts famkng ¢k*wilhin Nvt cuffenta**bts 0.00 147.WS.Q3 147.9Q¢.Q3 T￿31 36s•ts ewTrnt16abllNI n•t aM¢ts lllthlthl C•pltal and R86efb Fund9 ￿l￿atsd BP¥6 1￿,1$¢A3 147,906.03 ChTh51rnasT 3￿15 Fund 1.07Y.QD 35,Th￿r 35.CW.OD MrJ¥ionAd Hr*Gills FuThJ Pastoral (4ts oo) 12,341.32 TwThing Yolal Funds D**lBnJ*d 3.￿32 Jujtke 7,185.00 0.00 Y•ulh Wovk•r 70ts1 R•8lrtded 7.185. 102.611.L 7.185.00 107.174.95 4.09724 147.th03 -7.711. 140.19&43 alArb¢H •tStwt oljw 147. 91.tsj pa￿Th2nts Bal&*Fig it￿n 140.191 Accounts 2021 v1.2 Printwj 1W02r2022 P8ge6of9 4. Notss to the Financial Statements 4a Ba¥1¥ ofk¢ounts These a(wJnls have been pr8pared on a 'receipts and p8yments' basis as describ&J in the Charity Commisson docum￿1 CC16 and accord wtth S.42(31 charib.es Act 1993. The format ofthase acojunts is lurlher based on the recommendati(￿ by the ofchurch Accountsnts and Tr&8sur8r$ IACAT) aThJ the Baptist Uruon. 4b Incomlng Re8ourc06 - Char¥lablg actlvltles Income from donations and other vduntsry income are reLwnised on a received basis. The charity has not given anyfin8ncial Consideration for voluntary hdp r8ceNed duriro the year. grKI is rKJt able to quantify s￿h 8ssislance. 4c Grant maklng pollcy Grants, grfts and donations werè m8(le b) various thar￿e$ in Ihe fvrlheran(x of the church's Object￿98. Monies received for speafie rAuses are hebj in a restricted fvnd. pendiry remiltance of monies to the appropriate benef￿lary. The tharity provides furHIs year to support BMS WoNd Mission. the Central Baptist A88wation Mission Fund, chur￿￿5 Togelher thi Hitchin. our fv￿nn9d churc* in Turaan Ivla Baptk%t Twinning in Isr881. a UK tharityl aThJ Hitthin Scknls Work8r project 4d Pension ￿$ts The Church is an empw parbcipating in a scheme as the Baptist Ministers. PensKJn Fund llhe Ministers. Fund'l. The Minister(s) are dvJible to p)in thè Fund, which B a Mu￿-8mployeT defln8d ber￿rrt Scheme. whith B funded and not contraixed out of state scheme. Tha main ￿efft provided by the Nkni$ter8' Fund is a pensKJn of one etghtifrth offinal Minimum P&nsionabb IrKom8 togethw ¥wth a￿d￿c¥181 I￿nsIOn in respact of preMI￿S paid on Pensionablo Ineome in axeess of the Minimum PensK¥)tha I[￿Orne. The profft and k)ss charge the represerrts the emk￿Y￿r c(rt)triLAJbon pay4b￿. 4e Investments Investments are quoted under thè StÈtsmenl of Assèts and ￿at￿l￿e$ at lh8 markel value on Ihe date these inv8stsll8nts We￿ donated to the church. Al 8re in LSE quotèd funds. It is intended to revalue th08e investm8nts every 5 years. Ihè revalualion in 2025. Incomè from invesknents IS al￿oUnted for when receKvable. 4f Fund accounting FurKls bythè charity are dassified as :_ Unrnslrfeledqeneral funds . these a￿ fund5 which can te used in ac0)rda￿a vthh the tharrtaNè objects at the discreb.on ofts trustees: DesvJnat8d funds- tlw are funds set a￿de bythtr trustees out of ur*estricted general fund8 for spe￿f purposes. In orderto sImp￿1h8se statements ths catepry wl from 2022 Restrfcl•d lunds . these are funds can onty ￿ used for parbcular rostrithd purFrfJse$ vthhin the objects ofthe charify. Expendilure vthich these 1xi￿rI8 is thargwj to the fvnts. statement of Trustses. Responsibllltl¢s Charity faw requires ￿ Trustees IDeacons) to prepare finanoal slatements that give a Inje and fairview of the statè of affays of lh8 charity at tr* ervj of the finanoal year. In doing so twstees are r8quired to.. il Select suitthe ac¢x*untirvJ poliogs and athy Ih6m ¢on8kstenUy. ill makejud￿Ments and eslimates that a￿ reason8ble aThJ prLKlgnt iiil State whether applKxNe accounttyig slandards and ststèments of recY)mmended practice have been followed. subject to any material depaEtures disdosed 3fKI expLained in the financial st8twnents' and N) Prepare the financial slatements on the On￿ng c(xwn basis unkn it i5 inapproKKiate to wesumg that the charity ￿11 cth1inue in cyeration. unts 2021 v12 Pmted 181￿2022 Pag87of9 The Deacons are ￿sponSItAe as trustees for rnaintsining proper acwunting T8￿)rdS which disdose ￿th rèasonatAe accuracy at any b"m8 the finar￿¥81 rKJsrbon olthe ehanty and enables them to ensure that flnan¢ial sr8ternents compty *ilh charty law. Tr Oeac4Jns are al￿ resrmsiN& for safe guarding the a&sets of the Church and hence for taking wsonalAe steps forthe prevention and detection of fraud and other IrreguLgrits￿. 4h Propèrty Assets Relalnod for the Charlty's Ch¥n Us• Thè church is the tener￿￿ 0￿er (subject to the rekvant tNsts} of trAI￿n9 assets. Ihe logal which is held by the church's cusloJian trustee lthe Bapb"st un￿ cOry￿rat￿¥n Ltdl.. W81s%w)rth Road BaF￿$t Church. WaL8*Y)rth Ro&l. Hitchln, SG4 9SP The Manse. 13 Nirw¥￿$ Way. Hitehin. SG4 41 Reserves Policy The Reserves Pdiwwas knt revie*Ed in 2018 *th8re vas agreed that a ￿￿re of £35,Ol￿ wcyjld b8 seen as 8 minimurn amount. 4j R¢lat•d Charities The custodian Trustee of the churth is tha Baplist un￿ COr[mb￿ Limit￿ T*thth is charity numbèr 249635. and %thich i8 controlled by Ihe Baptist Union Council. The thurch is 81so a member oflh& Baptist Union of Great Bn'lain. the Central Bapb"st A550aal*Jn and CMhrehe5 Together in Hitchin. 4k Banklng There were h¥0 bank acwjnts in use during this a￿untir*3 w*)d. The Barclay3 ac￿Unt is used as Ih main day-t{￿aY banking account & alnv)st all Emlls are paid from this accounL The HSBC account is used as the ￿)untI0r paying in via Standu￿ Ord￿5. The thurch also has an intwosl b8aring deposit with lh8 Bapti8t Union. Th8 ac(x)unts packaga u￿1 duriTrJ this accwnb.ng ￿(x1 was the'Quic*BLK)ks Online, prr*Juct supplied by Intuit Inc. I Ihe banknng transactions are held exdusNety in I￿1(%800k$ and 8rè re(x)nC￿ed on a rnonlhly basis with the Bank Statements. Thus Iha yea¢s dc6iThJ baL4nc£s arE mainlained in QuickBwks and accord with th8 Bank State￿nts. 41 Fund$ The church acCL￿rts have a numberof Funds are maintsirted in t appty. It is my responsibility to state. on the basis of prttedures spocffiad in the G￿ra1 DweclN)n5 given by the Charlty Commr88ioners under section 4317llbl of the Act. wheiher paTbcular matters have come to rny attention. Basis of inde￿nd•nt exarnin•rfs r•port My examlnaiion was carried in acCordar￿e *ilh Ihè GÈneral Directions gNÈn bythe Charity Commissioners. An examination includes a mlew of the acuunbrKJ records kept by the charity and a ry)mparison of thè ac¢ounts pre5enfrd with ihjse recwls. 11 aso ind￿JeS (x)nSKIeratic￿ of any ￿￿Su81 rtems or discbsurès in the accounts, and seeking explanalions from you as Injstees ¢onc8ming any $wh matters. The procgduies undertaken do not provide all the evidence Ihat ￿￿¥jId be wuired in an and rmsequenty l not ewess an aud6t wnK)n on the vlew given by thè 8c¢x)unts. Ind•p•ndent examln•es statemert In connèction my ey2minalion, no mattw has tsyne kn my attenlkn: 111 which gfves reasonab￿ caus8 bdieve that in any material respect th& raquir8m8nts to keep accountin9 T8¢￿d8 in aCcordaU￿ sectKJn 41 of Ihe Act.. and io prep&8 ac￿Unts which ac(x)rd with th6 a￿ountIng i•cord$ and to compty with the actotsntiThJ requirements ol the tsve not been met c 121 to whrth, in my opinion. attention be in orderto 8robb a und8r3t8ndir¥J of the accounts to be rea Signed- ..... ..23....M.IK.(.4....202.