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2021-03-31-accounts

REGISTERED COMPANY NUMBER: 09388657 (England and Wales) REGISTERED CHARITY NUMBER: 1160363

Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 March 2021

for

THORNBURY BAPTIST CHURCH

THORNBURY BAPTIST CHURCH

Contents of the Financial Statements FOR THE YEAR ENDED 31 MARCH 2021

Page
Report of the Trustees 1 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8 to 9
Notes to the Financial Statements 10 to 20
Detailed Statement of Financial Activities 21 to 22

THORNBURY BAPTIST CHURCH

Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objective of the Church is to proclaim the gospel of Jesus Christ in the local area and throughout the world. This is summed up in the Church mission statement which is as follows:

'Following the way of Jesus, by loving God, one another and the world.'

Significant activities

During the past year the church has sought to express that objective by seeking to help, bless and benefit our local, national and international community links. Some of the very many activities which have been undertaken are set out in the "charitable activities" section below, and it is considered that they are all for the public benefit.

Public benefit

The Trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our current and future activities.

Ministry

During the year the church's activities were made possible by the many members of the TBC family who used their time and gifts to serve the vision and life of the community. The Church Trustees and the elders would like to take this opportunity to say how grateful to we are to be in a place where so many people have been gifted to serve in so many different ways.

Page 1

THORNBURY BAPTIST CHURCH

Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2021

ACHIEVEMENT AND PERFORMANCE Charitable activities

During the last year the church has been actively developing its local community, national and international links.

Worshipping Congregation

The church holds weekly meetings for Christian worship on Sunday mornings and most Sunday evenings, all of which are open to the community.

Restrictions imposed by the response to COVID-19 meant that, apart from a short spell in September and October, the worshipping congregation moved on-line predominantly through the media of You Tube, Facebook, Zoom and WhatsApp. Sunday morning services and midweek reflections for the adult congregation reached audiences across the globe. On-line content was recorded and issued on DVD for those without internet access.

Adult small groups continued to meet on-line via Zoom and practical support to those in need continued throughout the year with members of the congregation delivering food and prescriptions as well as maintaining regular contact over the phone.

Youth content was delivered through Zoom and WhatsApp throughout the week, but over the course of the year engagement levels dipped, in line with national trends, because of digital overload and the inability to recreate relational youth work in an on-line environment. Worship for children morphed in to on-line family worship with parents present throughout in line with safeguarding best practice.

Alpha courses, for those interested in finding out about the Christian faith, also moved on-line.

Local Community

The Foodbank and Debt Advice services continued throughout the year and use of the premises for these activities was prioritised, with numbers served by the Foodbank increasing due to the impact of COVID-19.

The drop-in group for the lonely was replaced by on-line contact, the lunch-club for the elderly was unable to meet and the Coffee Shop and Soft-Play for parents and toddlers had a few COVID secure sessions in the premises supplemented with off-site outdoor activities and virtual connections.

Primary school assemblies were not possible under COVID restrictions in place in schools but some sessions for young people of front-line workers were run by our Youth Team in the local secondary school as well as mentoring for individuals in need referred by the school.

The premises remained closed to use by community groups through the year.

We continue to operate our assisted living home in Thornbury. This home is leased from Green Pastures, a national Christian social enterprise. Our aim is to provide the residents with a firm foundation to move forward in their lives.

COVID-19

Throughout the year the charitable company followed Government requirements in respect of COVID-19, physical adjustments were made to the premises supported by a suite of COVID Risk Assessments which were kept up to date to reflect changing requirements.

The trustees have considered the impact that the COVID-19 pandemic will have on the charitable company's current and future financial position. The trustees consider that the charitable company will continue as a going concern for a period of at least 12 months from the date on which these financial statements are approved as the charitable company holds sufficient reserves (as detailed on page 3) to be sustained for the foreseeable future.

The trustees therefore consider it appropriate to adopt the going concern basis of preparation of the accounts, as detailed in note 1 to the financial statements.

Page 2

THORNBURY BAPTIST CHURCH

Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2021

Regional and national

Thornbury Baptist Church have links with several mission partners, offering support variously through prayer, practical involvement, or financial assistance.

Locally we have continued to develop such links with Beloved in Bristol, helping and supporting sex workers leave that work; the Willow Tree Centre, supporting those who have suffered baby-loss; the Julian Trust, providing food and beds for homeless people.

Nationally we have continued our links with a couple working on a deprived estate in Hull and with LZ7 a music-based youth outreach based in Manchester.

Through a link with a Charity called CRED the Church supports team leadership of young people from across the UK who have been marginalised / on probation to undertake trips to help others in need both home and overseas which helps them grow in confidence and esteem.

Overseas

Our international links include, support for the training of students through the YWAM Malaysia organisation; the sponsorship of many children in Colombia; an outreach to local children and the Roma community in Bulgaria; support for a local church's outreach amongst poor communities in Romania; the provision of training and literature for ELAM, working with Iranian people; the support of a Prison Outreach ministry in Eastern Europe, through Transform Europe Network; the provision of education programmes in Africa, through CRED; the support of Christian outreach to Jewish people, through Jews for Jesus; the support of Christian satellite broadcasting, through SAT-7; and social programmes amongst some of the poorest communities in India, through the Bridge Trust.

All of our mission activity is overseen by our Mission Focus Group who provide a first line of support and accountability.

FINANCIAL REVIEW

Financial position

The financial position of the church is considered to be satisfactory. During the year under review, the total income was £377,293 (2020 - £340,547). There was a net surplus of £17,187 (2020 - net surplus of £18,717) on unrestricted funds and in addition, there was a net inflow of £15,968 (2020 - £6,294) on restricted funds activities during the year.

Reserves policy

The trustees aim to maintain free reserves in unrestricted funds at a level which equates to approximately three months of unrestricted charitable expenditure. The trustees consider that this level will ensure that there are sufficient funds available to cover employee, building related and governance costs.

At the year end there were free reserves of £135,955 (2020 - £144,516), designated reserves of £42,635 (2020 - £68,383) and restricted funds of £30,911 (2020 - £46,879).

FUTURE PLANS

Our Church aims are to continue to be used by God to show His love to our community where we live and share the good news of His gospel in all we do.

Our response to the restrictions arising from COVID-19 increased our on-line presence and showed the importance of maintaining an effective presence going forward, as well as re-enforcing that it is no substitute for face-to-face so we will explore a blended approach.

COVID-19 interrupted the plans for greater community engagement through the appointment of a Pioneer Families Minister, as restrictions ease, we look forward to growing more links, especially with young families in community.

The retirement of our Teaching Pastor and Children and Youth Pastor in 2021/22 afford the opportunity re-focus and develop ministries across the Church and our plan is to adjust the leadership to achieve this.

Page 3

THORNBURY BAPTIST CHURCH

Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, its Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

The charity will look for new trustees as required. Such persons will need to be eligible to serve in accordance with the Articles of Association.

Organisational structure

The day to day administration of the Church is undertaken by administrative staff and volunteers in the church office. The Elders are assisted in their roles by a team of support leaders who have oversight for particular areas in the Church including administration, mission and youth work.

CHURCH COMMUNITY

The Church has Spiritual Leadership who are a group of persons (The Elders) who are recognised by the Church Community as having responsibility and authority within that community for its spiritual oversight. Those who served in this capacity in the year under review were;

P Ferguson (Community Pastor - employed) M Levy (Children's and Youth Pastor - employed) retired 21September 2021 D Lawrence (Teaching Pastor - employed)

S Heath D Ling H Staley P Hunter - appointed June 2021

The "family forum" is a meeting of members of the Church community. At such meetings the members together seek to understand God's plans and purposes for this Church. We also review the activities of the Church over the last quarter including mission and youth work and are given information on the finances of the Church. The decision to appoint pastors and elders is also made by the family forum.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

09388657 (England and Wales)

Registered Charity number

1160363

Registered office

Thornbury Baptist Church Centre Gillingstool Thornbury Bristol BS35 2EG

Trustees

D Tubb TP Wicks M Stuart (resigned 31.8.21) A E Dukes DJ Baker-Falkner (appointed 28.10.21)

The trustees are also directors for the purposes of Company law.

Page 4

THORNBURY BAPTIST CHURCH

Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2021

REFERENCE AND ADMINISTRATIVE DETAILS

Independent Examiner

Haines Watts Chartered Accountants Bath House 6-8 Bath Street Bristol BS1 6HL

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

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

Approved by order of the board of trustees on 20 December 2021 and signed on its behalf by:

TP Wicks - Trustee

Page 5

Independent Examiner's Report to the Trustees of Thornbury Baptist Church

Independent examiner's report to the trustees of Thornbury Baptist Church ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ICAEW which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns. other than the matter set out below, and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Matter of concern identified

The Directors' view on the impact of COVID-19 is disclosed on page 2 and in the accounting policies note. However, not all future events or conditions can be predicted. The COVID-19 viral pandemic is one of the most significant economic events for the UK with unprecedented levels of uncertainty of outcomes. It is therefore difficult to evaluate all of the potential implications on the charity.

Geoffrey Speirs FCA ICAEW Haines Watts Chartered Accountants Bath House 6-8 Bath Street Bristol BS1 6HL

20 December 2021

Page 6

THORNBURY BAPTIST CHURCH

Statement of Financial Activities (Incorporating an Income and Expenditure Account) FOR THE YEAR ENDED 31 MARCH 2021

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
299,016
Charitable activities
4
Ministry
2,068
Youth work
344
Book centre and coffee lounge
17
Investment income
3
359
Total
301,804
EXPENDITURE ON
Charitable activities
5
Ministry
102,392
Mission
90,280
Youth work
90,141
Book centre and coffee lounge
1,804
Total
284,617
NET INCOME
17,187
RECONCILIATION OF FUNDS
Total funds brought forward
187,151
TOTAL FUNDS CARRIED FORWARD
204,338		 Restricted
funds
£
70,448
5,041
-
-
-
75,489
30,939
11,832
16,750
-
59,521
15,968
30,911
46,879		 2021
Total
funds
£
369,464
7,109
344
17
359
377,293
133,331
102,112
106,891
1,804
344,138
33,155
218,062
251,217		 2020
Total
funds
£
295,325
37,144
5,318
2,469
291
340,547
142,464
106,282
64,142
2,648
315,536
25,011
193,051
218,062

The notes form part of these financial statements

Page 7

THORNBURY BAPTIST CHURCH (REGISTERED NUMBER: 09388657)

Balance Sheet 31 MARCH 2021

Unrestricted
funds
Notes
£
CURRENT ASSETS
Stocks
13
310
Debtors
14
40,440
Cash at bank
169,534
210,284
CREDITORS
Amounts falling due within one year
15
(5,946)
NET CURRENT ASSETS
204,338
TOTAL ASSETS LESS CURRENT
LIABILITIES
204,338
NET ASSETS
204,338
FUNDS
17
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
2,866
66,865
69,731
(22,852)
46,879
46,879
46,879		 2021
Total
funds
£
310
43,306
236,399
280,015
(28,798)
251,217
251,217
251,217
204,338
46,879
251,217		 2020
Total
funds
£
310
44,805
185,735
230,850
(12,788)
218,062
218,062
218,062
187,151
30,911
218,062

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 8

THORNBURY BAPTIST CHURCH (REGISTERED NUMBER: 09388657)

Balance Sheet - continued 31 MARCH 2021

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 20 December 2021 and were signed on its behalf by:

TP Wicks - Trustee

The notes form part of these financial statements

Page 9

THORNBURY BAPTIST CHURCH

Notes to the Financial Statements FOR THE YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling which is the functional currency of the charity and are rounded to the nearest £.

The financial statements have been prepared on a going concern basis after consideration by the Trustees of the potential impact of COVID-19. The trustees have considered the impact of this issue on the charitable company's current and future financial position. The charity holds unrestricted, general reserves of £135,955, designated reserves that can be drawn down if necessary of £68,383 and a unrestricted cash balance of £169,534. The trustees consider that the charity has sufficient cash reserves to continue as a going concern for a period of at least 12 months from the date on which these financial statements are approved.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Offerings and grants are recognised on receipt. Procedures are in place to ensure the completeness of income.

Income tax recoverable on gift aid donations is recognised on an accruals basis at the same time as the original donation.

Foodbank - donated food is recognised in the accounts of the foodbank.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

The church land and buildings at Gillingstool, Thornbury are excluded from the accounts on the basis they are held by a separate excepted charity.

All assets costing more than £100 are capitalised. Fixed assets (other than those transferred from the existing charity) are included at original cost and are depreciated on a straight line basis as follows:

Plant and equipment 25%

continued...

Page 10

THORNBURY BAPTIST CHURCH

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICIES - continued

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Volunteers and donated goods and services

The value of services provided by volunteers is not incorporated into these financial statements.

Where goods or services are provided to the charity as a donation that would normally be purchased from suppliers, these contributions are included in the financial statements as an estimate based on the value of the contribution.

Goods donated and held for distribution are not recognised in the financial statements as they are considered to be held on behalf of North Bristol Foodbank.

Cash and short term investments

Cash at bank is held to meet short-term cash commitments as they fall due rather than for investment purposes and includes all cash equivalents held in the form of short-term highly liquid investments. Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial Instruments

The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

2. DONATIONS AND LEGACIES

Donations and offerings
Income tax recoverable		 2021
£
327,258
42,206
369,464		 2020
£
249,187
46,138
295,325

DONATED GOODS, SERVICES AND FACILITIES

During the year the church has benefitted from numerous services provided by volunteers covering areas such as children's and youth work, Luncheon Club, Book Centre and all areas of ministry. Further services have been provided in the form of assistance with maintenance, finance and administration. In accordance with the Statement of Recommended Practice, no amounts are included in the accounts for the services donated by volunteers.

continued...

Page 11

THORNBURY BAPTIST CHURCH

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2021

3. INVESTMENT INCOME

3.
INVESTMENT INCOME
Investment income
4.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Luncheon club
Ministry
Two by Two club
Ministry
Rent
Ministry
Other events
Ministry
Youth events
Youth work
Other events
Youth work
Bookstall and coffee lounge
Book centre and coffee lounge
5.
CHARITABLE ACTIVITIES COSTS
Direct
Costs
£
Ministry
119,825
Mission
3,123
Youth work
93,386
Book centre and coffee lounge
1,804
218,138
6.
GRANTS PAYABLE
Ministry
Mission		 Grant
funding of
activities
(see note
6)
£
-
85,486
-
-
85,486		 2021
£
359
2021
£
-
-
5,041
2,068
344
-
17
7,470
Support
costs (see
note 7)
£
13,506
13,503
13,505
-
40,514
2021
£
-
85,486
85,486		 2020
£
291
2020
£
6,489
686
23,807
6,162
5,311
7
2,469
44,931
Totals
£
133,331
102,112
106,891
1,804		 2020
£
291
2020
£
6,489
686
23,807
6,162
5,311
7
2,469
44,931
344,138
2020
£
1,736
65,981
67,717

continued...

Page 12

THORNBURY BAPTIST CHURCH

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2021

6. GRANTS PAYABLE - continued

The total grants paid to institutions during the year was as follows:

Fundacion Amigos y Hermanos,
Cali, Columbia - child sponsorship
CRED Foundation
YWAM - Malaysia
Jews for Jesus
One 25 Limited
ELAM Ministries
Transform Europe Network
Udvarhely (Romania) Church Fund
ROPE
The Bridge Trust
Beloved
SAT-7 UK
Light - LZ7
Other		 2021
£
11,832
11,600
3,807
1,200
100
3,363
7,460
1,566
53
2,300
1,200
2,800
1,500
240
49,021		 2020
£
14,168
-
1,335
1,200
1,200
4,845
2,670
-
1,475
5,400
-
-
-
1,200
33,493

7. SUPPORT COSTS

Ministry
Mission
Youth work
Ministry
Mission
Youth work		 Accounting
and
Finance
governance
Premises
£
£
£
195
1,032
7,875
194
1,031
7,875
195
1,031
7,876
584
3,094
23,626
General
back
office
costs
Phone
Totals
£
£
£
3,220
1,184
13,506
3,219
1,184
13,503
3,219
1,184
13,505
9,658
3,552
40,514		 Accounting
and
Finance
governance
Premises
£
£
£
195
1,032
7,875
194
1,031
7,875
195
1,031
7,876
584
3,094
23,626
General
back
office
costs
Phone
Totals
£
£
£
3,220
1,184
13,506
3,219
1,184
13,503
3,219
1,184
13,505
9,658
3,552
40,514
23,626
Totals
£
13,506
13,503
13,505
40,514

continued...

Page 13

THORNBURY BAPTIST CHURCH

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2021

8. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2021 2020
£ £
Depreciation - owned assets - 7,100
Accountants' fees - independent examination 2,800 1,290
Accountants' fees - other services 294 2,462

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.

10. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 2021
£
161,321
8,337
5,485
175,143		 2020
£
124,776
6,311
4,466
135,553

The average monthly number of employees during the year was as follows:

2021 2020
Average number of staff 10 8

No employees received emoluments in excess of £60,000.

continued...

Page 14

THORNBURY BAPTIST CHURCH

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2021

11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
269,329
Charitable activities
Ministry
13,337
Youth work
5,318
Book centre and coffee lounge
2,469
Investment income
291
Total
290,744
EXPENDITURE ON
Charitable activities
Ministry
115,022
Mission
92,364
Youth work
61,993
Book centre and coffee lounge
2,648
Total
272,027
NET INCOME
18,717
RECONCILIATION OF FUNDS
Total funds brought forward
168,434
TOTAL FUNDS CARRIED FORWARD
187,151
12.
TANGIBLE FIXED ASSETS
COST
At 1 April 2020 and 31 March 2021
DEPRECIATION
At 1 April 2020 and 31 March 2021
NET BOOK VALUE
At 31 March 2021
At 31 March 2020		 Restricted
Total
funds
funds
£
£
25,996
295,325
23,807
37,144
-
5,318
-
2,469
-
291
49,803
340,547
27,442
142,464
13,918
106,282
2,149
64,142
-
2,648
43,509
315,536
6,294
25,011
24,617
193,051
30,911
218,062
Plant and
machinery
£
32,181
32,181
-
-		 Total
funds
£
295,325
37,144
5,318
2,469
291
340,547
142,464
106,282
64,142
2,648
315,536
25,011
193,051
218,062

continued...

Page 15

THORNBURY BAPTIST CHURCH

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2021

13.
STOCKS
2021
£
Stocks - books, CD's and cards
310
14.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021
£
Income tax recoverable
42,202
Prepayments and accrued income
1,104
43,306
15.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021
£
Social security and other taxes
2,906
Accruals and deferred income
25,892
28,798
16.
LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
2021
£
Within one year
18,720
Between one and five years
42,120
60,840		 2020
£
310
2020
£
42,026
2,779		 2020
£
310
44,805
2020
£
2,475
10,313
12,788
2020
£
18,720
60,840
79,560

continued...

Page 16

THORNBURY BAPTIST CHURCH

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2021

17. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Mission fund
Care fund
Building repair fund
Youth fund
Restricted funds
Building fund
Specific Mission fund (Calikids)
Foodbank fund
Skate Park project
Green Pastures fund
Church workers salaries fund
TOTAL FUNDS
Net movement in funds, included in the above are
Unrestricted funds
General fund
Mission fund
Care fund
Building repair fund
Youth fund
Restricted funds
Specific Mission fund (Calikids)
Foodbank fund
Green Pastures fund
Church workers salaries fund
TOTAL FUNDS		 At 1.4.20
£
144,516
19,829
20,750
2,056
-
187,151
6,237
8,829
2,648
549
648
12,000
30,911
218,062
as follows:		 Net
movement
in funds
£
50,227
(35,695)
9,713
(5,159)
(1,899)
17,187
-
665
28,854
-
(13,551)
-
15,968
33,155
Incoming
resources
£
258,869
24,250
18,340
-
345
301,804
12,497
45,604
5,388
12,000
75,489
377,293		 Transfers
between
At
funds
31.3.21
£
£
(58,788)
135,955
46,338
30,472
6,951
37,414
3,600
497
1,899
-
-
204,338
-
6,237
-
9,494
-
31,502
-
549
-
(12,903)
-
12,000
-
46,879
-
251,217
Resources
Movement
expended
in funds
£
£
(208,642)
50,227
(59,945)
(35,695)
(8,627)
9,713
(5,159)
(5,159)
(2,244)
(1,899)
(284,617)
17,187
(11,832)
665
(16,750)
28,854
(18,939)
(13,551)
(12,000)
-
(59,521)
15,968
(344,138)
33,155

continued...

Page 17

THORNBURY BAPTIST CHURCH

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2021

17. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Mission fund
Care fund
Building repair fund
Youth fund
Restricted funds
Building fund
Specific Mission fund (Calikids)
Foodbank fund
Skate Park project
Green Pastures fund
Church workers salaries fund
TOTAL FUNDS		 At 1.4.19
£
141,445
2,885
15,932
7,139
1,033
168,434
6,237
13,046
1,291
573
3,470
-
24,617
193,051		 Net
movement
in funds
£
70,191
(38,010)
(1,850)
(8,683)
(2,931)
18,717
-
(4,217)
1,357
(24)
(2,822)
12,000
6,294
25,011		 Transfers
between
funds
£
(67,120)
54,954
6,668
3,600
1,898
-
-
-
-
-
-
-
-
-		 At
31.3.20
£
144,516
19,829
20,750
2,056
-
187,151
6,237
8,829
2,648
549
648
12,000
30,911
218,062

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Mission fund
Care fund
Building repair fund
Youth fund
Restricted funds
Specific Mission fund (Calikids)
Foodbank fund
Skate Park project
Green Pastures fund
Church workers salaries fund
TOTAL FUNDS		 Incoming
resources
£
272,287
6,552
6,667
-
5,238
290,744
9,701
3,482
-
24,620
12,000
49,803
340,547		 Resources
Movement
expended
in funds
£
£
(202,096)
70,191
(44,562)
(38,010)
(8,517)
(1,850)
(8,683)
(8,683)
(8,169)
(2,931)
(272,027)
18,717
(13,918)
(4,217)
(2,125)
1,357
(24)
(24)
(27,442)
(2,822)
-
12,000
(43,509)
6,294
(315,536)
25,011		 Resources
Movement
expended
in funds
£
£
(202,096)
70,191
(44,562)
(38,010)
(8,517)
(1,850)
(8,683)
(8,683)
(8,169)
(2,931)
(272,027)
18,717
(13,918)
(4,217)
(2,125)
1,357
(24)
(24)
(27,442)
(2,822)
-
12,000
(43,509)
6,294
(315,536)
25,011
18,717
(4,217)
1,357
(24)
(2,822)
12,000
6,294
25,011

continued...

Page 18

THORNBURY BAPTIST CHURCH

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2021

17. MOVEMENT IN FUNDS - continued

Designated funds

Mission fund - represents income of the church which is set aside for mission purposes. During this year 20% of unrestricted offering income of the church was allocated to this fund.

Building Repair fund - reflects funds set aside on a monthly basis for building repairs.

Youth fund - represents funds set aside for youth work.

Care fund - represents income of the church which is set aside for care issues which arise from time to time in the church. During this year 3% of unrestricted offering income of the church was allocated to this fund.

Restricted funds

Building fund - represents donations where the donors have requested that the money be used for improving or extending the church premises.

Specific Mission fund - represents donations where the donors have expressed a wish that the money be used for a specific mission purpose. This currently represents money in relation to child sponsorship in Cali, Colombia.

Foodbank fund - represents monetary donations received specifically for foodbank and related causes. Goods donated are not reflected in the fund as they are collected and distributed on behalf of North Bristol Foodbank.

Skate Park project - a community project in Thornbury being undertaken by Dan Potter. Dan Potter left employment at October 2018.

Green Pastures fund - represents a housing project in Thornbury. Grants and donations are received from external sources specifically to be used to fund the leasing of a property, to renovate and let to formerly homeless individuals. This fund is currently showing a deficit of £12,903 relating to 8 months worth of rent. Further information has been disclosed in the Post Balance Sheet Events note.

Church workers salaries fund - During the year £12,000 was received towards the support of a church worker's salary.

Comparative analysis of net assets between funds, are as follows:

Fund balances as at 31 March 2020
Unrestricted
Restricted		 Fund balances as at 31 March 2020
Unrestricted
Restricted		 Fund balances as at 31 March 2020
Unrestricted
Restricted		 Fund balances as at 31 March 2020
Unrestricted
Restricted		 Total
funds funds funds
£ £ £
Current assets 192,650 38,200 230,850
Current liabilities (5,499
)		 (7,289
)		 (12,788
)
Total net assets 187,151 30,911 218,062

Transfers between funds

During the year, a transfer of £46,338 (2020 - £44,454) was made from the General fund to the General Mission fund reflecting the Church's policy of earmarking 20% of general donations for mission purposes.

continued...

Page 19

THORNBURY BAPTIST CHURCH

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2021

17. MOVEMENT IN FUNDS - continued

Transfers between funds - continued

Similarly, £6,951 (2020 - £6,668) was transferred from the General Mission fund to the Care fund being 3% of general donations. A further £3,600 (2020 - £3,600) was designated for building repairs.

18. RELATED PARTY DISCLOSURES

Donations from trustees and related parties

The aggregate donations received from trustees and other related parties were £16,630 (2020 - £16,440).

19. POST BALANCE SHEET EVENTS

Subsequent to the year end, the deficit held in the Green Pastures fund was cleared and payments owing were waived by Green Pastures.

20. COMPANY LIMITED BY GUARANTEE

The charity is a private company, registered in England and Wales, limited by guarantee having no share capital and, in accordance with the Memorandum of Association, every member is liable to contribute £1 towards the costs of dissolution and liabilities incurred by the charity in the event of the company being wound up.

Page 20

THORNBURY BAPTIST CHURCH

Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2021

INCOME AND ENDOWMENTS
Donations and legacies
Donations and offerings
Income tax recoverable
Investment income
Investment income
Charitable activities
Bookstall and coffee lounge
Luncheon club
Two by Two club
Youth events
Rent
Other events
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Social security
Pensions
Ministry
Books, cards and supplies
Conferences and training
Events and activities
Foodbank
Green Pastures costs
Grants to institutions
Grants to individuals
Support costs
Finance
Bank charges		 2021
£
327,258
42,206
369,464
359
17
-
-
344
5,041
2,068
7,470
377,293
161,321
8,337
5,485
1,761
95
1,028
4,422
16,750
18,939
49,021
36,465
303,624
584		 2020
£
249,187
46,138
295,325
291
2,469
6,489
686
5,311
23,807
6,169
44,931
340,547
124,776
6,311
4,466
5,019
1,256
6,098
20,395
2,125
27,442
33,493
34,224
265,605
439

This page does not form part of the statutory financial statements

Page 21

THORNBURY BAPTIST CHURCH

Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2021

Finance
Accounting and governance
Accounting and governance
Premises
Premises costs
Depn of plant & equipment
General back office costs
General back office costs
Phone
Communications
Total resources expended
Net income		 2021
£
3,094
23,626
-
23,626
9,658
3,552
344,138
33,155		 2020
£
3,752
24,228
7,100
31,328
10,647
3,765
315,536
25,011

This page does not form part of the statutory financial statements

Page 22