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2022-03-31-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 2022

for

THORNBURY BAPTIST CHURCH

THORNBURY BAPTIST CHURCH

Contents of the Financial Statements FOR THE YEAR ENDED 31 MARCH 2022

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 2022

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 2022. 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 2022

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 all of which are open to the community. Around 250 - 300 people of all ages attend these meetings on an average Sunday. We have been encouraged that following the disruption to public gatherings caused by Covid 19, during which we were careful to follow all Government Guidelines, our public meetings have become well-supported again.

To help give people confidence in coming back to the building we continued to reserve an area of the building where people could pre-book socially distanced seats via the church website.

One of the innovations which was implemented during the return from Covid was a weekly live-stream of the service, which enabled those who could not come back to the building to engage with our services. This was broadcast via our website, Facebook and YouTube channel. We are also aware that these were accessed by people in the wider community, and indeed the world! On-line content was recorded and issued on DVD for those without internet access.

Our work with children and young people suffered during the period of Covid restrictions. After an initially enthusiastic response to online gatherings, interest waned. However, efforts were made by staff and volunteers to support families, and engage with young people, and whilst it was not easy, as things opened up again, face-to-face relationships began to be re-established. Of particular note were our outreach youth clubs which quickly re-established themselves as soon as Covid restrictions were lifted and saw a weekly attendance of about 30 young people (aged 11-18).

We aim to be a welcoming church for those interested in finding out more about faith. One option for those who want to know more is to join one of our regularly held 'Alpha' courses which are a good introduction to the Christian faith. Several people have attended such a course over the past year.

About 60% of the Church meet in small groups throughout the week and these have proved to be of enormous benefit in maintaining a level of engagement and support thought the disruption of Covid.

Through the Church's Care Fund, we have been able to support individuals and families who are in urgent need.

Local Community

As Covid restrictions eased, the Church was able to resume many of its activities in the local community. These include the local Food Bank (in partnership with other local churches), provision of debt advice support and counselling, and a thriving soft play cafe three mornings per week for parents/carers and their babies and toddlers. (In fact the FoodBank team did an outstanding job of continuing to serve their clients, without a break, throughout all of the disrupted Covid period).

To encourage and draw together more senior citizens, we initiated a monthly Seniors' Afternoon Tea, which proved to be very successful and popular, both with older folks in the church and from the local community.

The church's premises remained closed to use by other community groups through the year mainly to relieve the need for the extra enhanced cleaning, required by Covid protocols.

Regional and national

Thornbury Baptist Church have links with a number of 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 in leaving this work; the Willow Tree Centre, supporting those who have suffered baby-loss; the Julian Trust, providing food and beds for homeless people.

Page 2

THORNBURY BAPTIST CHURCH

Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2022

Oasis, our assisted living home, originally established to help homeless women, changed to being a home for homeless men. Our own experience and also wisdom gained from regional and national organisations working with the homeless, indicated that the need for men's housing was more urgent.

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.

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 Now; the provision of education and social programmes in Africa and India, 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 £392,727 (2021 - £377,293). There was a net surplus of £5,842 (2021 - net surplus of £17,187) on unrestricted funds and in addition, there was a net surplus of £28,468 (2021 - £15,968) 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 £72,204 (2021 - £135,955), designated reserves of £76,964 (2021 - £68,383) and restricted funds of £75,347 (2021 - £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. We expect that most of the work mentioned above will continue and develop. In addition, in the coming period we anticipate:

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.

Page 3

THORNBURY BAPTIST CHURCH

Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure

Leadership

The spiritual oversight of the church, and the week-to-week management of the church is provided by a group of elders, affirmed by the congregation. The elders meet weekly, and liaise regularly with the Trustees, an elder always being present at a Trustees meeting to establish clear communication between the two groups.

The elders also meet monthly with a group from the wider congregation called 'The Development Group' for the sharing and discussion of ideas about the development of the church's vision.

Those who served as elders in the year under review were;

P Ferguson (Community Pastor - employed) M Levy (Children's and Youth Pastor - employed) - retired September 2021 D Lawrence (Teaching Pastor - employed) S Heath D Ling P Hunter H Staley

Staff Team

Throughout this period the church were served by a staff team as follows: Community Pastor (F/T) Teaching Pastor (P/T) Children's & Youth Pastor (F/T) - retired September 2021 Youth Worker (P/T) - appointed as Youth team Leader (P/T) to replace retired Youth Pastor Youth Worker (P/T) to cover the maternity leave of the Youth Team Leader Pioneer Families Worker (F/T) Children's Worker (P/T) - started July 2021 Church Centre Manager (P/T) Events Manager (P/T) CareTaker (P/T) Cleaner (P/T)

The staff team oversee teams of volunteers without whom many of the church's activities could not run.

Family Forum

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

Page 4

THORNBURY BAPTIST CHURCH

Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2022

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.

Independent Examiner

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

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 21 December 2022 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 2022.

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 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.

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

21 December 2022

Page 6

THORNBURY BAPTIST CHURCH

Statement of Financial Activities (Incorporating an Income and Expenditure Account) FOR THE YEAR ENDED 31 MARCH 2022

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
285,244
Charitable activities
Ministry
2,310
Youth work
1,533
Book centre and coffee lounge
578
Investment income
3
17
Total
289,682
EXPENDITURE ON
Charitable activities
5
Ministry
106,945
Mission
127,779
Youth work
45,424
Book centre and coffee lounge
2,841
Total
282,989
NET INCOME
6,693
Transfers between funds
17
(851)
Net movement in funds
5,842
RECONCILIATION OF FUNDS
Total funds brought forward
204,338
TOTAL FUNDS CARRIED FORWARD
210,180		 Restricted
funds
£
66,798
36,247
-
-
-
103,045
56,516
13,018
5,894
-
75,428
27,617
851
28,468
46,879
75,347		 2022
Total
funds
£
352,042
38,557
1,533
578
17
392,727
163,461
140,797
51,318
2,841
358,417
34,310
-
34,310
251,217
285,527		 2021
Total
funds
£
369,464
7,109
344
17
359
377,293
133,331
102,112
106,891
1,804
344,138
33,155
-
33,155
218,062
251,217

The notes form part of these financial statements

Page 7

THORNBURY BAPTIST CHURCH (REGISTERED NUMBER: 09388657)

Balance Sheet 31 MARCH 2022

Unrestricted
funds
Notes
£
CURRENT ASSETS
Stocks
13
310
Debtors
14
44,110
Cash at bank
170,304
214,724
CREDITORS
Amounts falling due within one year
15
(4,544)
NET CURRENT ASSETS
210,180
TOTAL ASSETS LESS CURRENT
LIABILITIES
210,180
NET ASSETS
210,180
FUNDS
17
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
8,579
66,768
75,347
-
75,347
75,347
75,347		 2022
Total
funds
£
310
52,689
237,072
290,071
(4,544)
285,527
285,527
285,527
210,180
75,347
285,527		 2021
Total
funds
£
310
43,306
236,399
280,015
(28,798)
251,217
251,217
251,217
204,338
46,879
251,217

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 2022

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 21 December 2022 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 2022

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 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.

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.

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%

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.

continued...

Page 10

THORNBURY BAPTIST CHURCH

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2022

1. ACCOUNTING POLICIES - continued

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 LEGACIES
Donations and offerings
Income tax recoverable		 2022
£
301,887
50,155
352,042		 2021
£
327,258
42,206
369,464

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 2022

3. INVESTMENT INCOME

Investment income
4.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Rent
Ministry
Other events
Ministry
Youth events
Youth work
Bookstall and coffee lounge
Book centre and coffee lounge
5.
CHARITABLE ACTIVITIES COSTS
Direct
Costs
£
Ministry
149,911
Mission
31,911
Youth work
38,719
Book centre and coffee lounge
2,841
223,382
6.
GRANTS PAYABLE
Ministry
Mission		 Grant
funding of
activities
(see note
6)
£
951
96,289
-
-
97,240		 2022
£
17
2022
£
36,247
2,310
1,533
578
40,668
Support
costs (see
note 7)
£
12,599
12,597
12,599
-
37,795
2022
£
951
96,289
97,240		 2021
£
359
2021
£
5,041
2,068
344
17
7,470
Totals
£
163,461
140,797
51,318
2,841		 2021
£
359
2021
£
5,041
2,068
344
17
7,470
358,417
2021
£
-
85,486
85,486

continued...

Page 12

THORNBURY BAPTIST CHURCH

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2022

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
Tear Fund
Other		 2022
£
8,217
12,423
2,504
100
-
1,200
5,560
-
-
3,300
1,200
3,800
-
6,544
1,903
46,751		 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

7. SUPPORT COSTS

Ministry
Mission
Youth work
Ministry
Mission
Youth work		 Accounting
and
Finance
governance
Premises
£
£
£
131
1,160
6,825
130
1,161
6,824
130
1,161
6,825
391
3,482
20,474
General
back
office
costs
Phone
Totals
£
£
£
3,325
1,158
12,599
3,324
1,158
12,597
3,325
1,158
12,599
9,974
3,474
37,795		 Accounting
and
Finance
governance
Premises
£
£
£
131
1,160
6,825
130
1,161
6,824
130
1,161
6,825
391
3,482
20,474
General
back
office
costs
Phone
Totals
£
£
£
3,325
1,158
12,599
3,324
1,158
12,597
3,325
1,158
12,599
9,974
3,474
37,795
20,474
Totals
£
12,599
12,597
12,599
37,795

continued...

Page 13

THORNBURY BAPTIST CHURCH

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2022

8. NET INCOME/(EXPENDITURE)

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

2022 2021
£ £
Accountants' fees - Haines Watts, independent examination 1,395 1,330
Accountants' fees - Haines Watts,other services 1,781 1,764
Accountants' fees - other services 306 -

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.

10. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 2022
£
153,724
6,915
6,628
167,267		 2021
£
161,321
8,337
5,485
175,143

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

2022 2021
Average number of staff 11 10

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 2022

11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
299,016
Charitable activities
Ministry
2,068
Youth work
344
Book centre and coffee lounge
17
Investment income
359
Total
301,804
EXPENDITURE ON
Charitable activities
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
12.
TANGIBLE FIXED ASSETS
COST
At 1 April 2021 and 31 March 2022
DEPRECIATION
At 1 April 2021 and 31 March 2022
NET BOOK VALUE
At 31 March 2022
At 31 March 2021		 Restricted
Total
funds
funds
£
£
70,448
369,464
5,041
7,109
-
344
-
17
-
359
75,489
377,293
30,939
133,331
11,832
102,112
16,750
106,891
-
1,804
59,521
344,138
15,968
33,155
30,911
218,062
46,879
251,217
Plant and
machinery
£
32,181
32,181
-
-		 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

continued...

Page 15

THORNBURY BAPTIST CHURCH

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2022

13.
STOCKS
2022
£
Stocks - books, CD's and cards
310
14.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022
£
Income tax recoverable
50,151
Prepayments and accrued income
2,538
52,689
15.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022
£
Social security and other taxes
1,352
Accruals and deferred income
3,192
4,544
16.
LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
2022
£
Within one year
18,720
Between one and five years
23,400
42,120		 2021
£
310
2021
£
42,202
1,104		 2021
£
310
43,306
2021
£
2,906
25,892
28,798
2021
£
18,720
42,120
60,840

continued...

Page 16

THORNBURY BAPTIST CHURCH

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2022

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
Ukraine Mission 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
Ukraine Mission fund
TOTAL FUNDS		 At 1.4.21
£
135,955
30,472
37,414
497
-
204,338
6,237
9,494
31,502
549
(12,903)
12,000
-
46,879
251,217
as follows:		 Net
movement
in funds
£
51,383
(40,027)
(697)
(2,555)
(1,411)
6,693
-
5,890
5,065
-
20,191
(12,000)
8,471
27,617
34,310
Incoming
resources
£
246,834
15,445
25,870
-
1,533
289,682
14,108
22,147
46,319
12,000
8,471
103,045
392,727		 Transfers
between
At
funds
31.3.22
£
£
(51,362)
135,976
39,253
29,698
6,098
42,815
3,600
1,542
1,560
149
(851)
210,180
-
6,237
-
15,384
-
36,567
(549)
-
1,400
8,688
-
-
-
8,471
851
75,347
-
285,527
Resources
Movement
expended
in funds
£
£
(195,451)
51,383
(55,472)
(40,027)
(26,567)
(697)
(2,555)
(2,555)
(2,944)
(1,411)
(282,989)
6,693
(8,218)
5,890
(17,082)
5,065
(26,128)
20,191
(24,000)
(12,000)
-
8,471
(75,428)
27,617
(358,417)
34,310

continued...

Page 17

THORNBURY BAPTIST CHURCH

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2022

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 1.4.20
£
144,516
19,829
20,750
2,056
-
187,151
6,237
8,829
2,648
549
648
12,000
30,911
218,062		 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		 Transfers
between
funds
£
(58,788)
46,338
6,951
3,600
1,899
-
-
-
-
-
-
-
-
-		 At
31.3.21
£
135,955
30,472
37,414
497
-
204,338
6,237
9,494
31,502
549
(12,903)
12,000
46,879
251,217

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
Green Pastures fund
Church workers salaries fund
TOTAL FUNDS		 Incoming
resources
£
258,869
24,250
18,340
-
345
301,804
12,497
45,604
5,388
12,000
75,489
377,293		 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 18

THORNBURY BAPTIST CHURCH

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MARCH 2022

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. The remaining small balance has been released to general funds.

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.

Church worker's salary fund - represents funds received specifically to support a church worker's salary.

Ukraine Mission fund - represents a specific fund set up in support for Ukraine from March 2022.

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

Fund balances as at 31 March 2021
Unrestricted
Restricted		 Fund balances as at 31 March 2021
Unrestricted
Restricted		 Fund balances as at 31 March 2021
Unrestricted
Restricted		 Fund balances as at 31 March 2021
Unrestricted
Restricted		 Fund balances as at 31 March 2021
Unrestricted
Restricted		 Total
funds funds funds
£ £ £
Current assets 210,284 69,731 280,015
Current liabilities (5,946
)		 (22,852
)		 (28,798
)
Total net assets 204,338 46,879 251,217

Transfers between funds

During the year, a transfer of £40,653 (2021 - £46,338) 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 2022

17. MOVEMENT IN FUNDS - continued

Transfers between funds - continued

Similarly, £6,098 (2021 - £6,951) was transferred from the General Mission fund to the Care fund being 3% of general donations. A further £3,600 (2021 - £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 £12,620 (2021 - £16,630).

19. 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 2022

INCOME AND ENDOWMENTS
Donations and legacies
Donations and offerings
Income tax recoverable
Investment income
Investment income
Charitable activities
Bookstall and coffee lounge
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
Accounting and governance
Accounting and governance		 2022
£
301,887
50,155
352,042
17
578
1,533
36,247
2,310
40,668
392,727
153,724
6,915
6,628
3,609
564
3,458
5,274
17,082
26,128
46,751
50,489
320,622
391
3,482		 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
3,094

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 2022

Accounting and governance
Premises
Premises costs
General back office costs
General back office costs
Phone
Communications
Total resources expended
Net income		 2022
£
20,474
9,974
3,474
358,417
34,310		 2021
£
23,626
9,658
3,552
344,138
33,155

This page does not form part of the statutory financial statements

Page 22