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2021-12-31-accounts

TEM
NT0
INANCI		 AL
VITIE
Y		 ENDING 3 DECEMB DECEMB 21
2021 29200
Income & Endowments Mnrest-
Jff		 ~D~l ~RI I Total
f' 6
Donations
&Legacies		 25 120,942 0 104,834 225,776 1&2,992
Investment
Income		 26 47 0 0 47 117
Charitable
Activities		 27 45 0 3,457 3,502 2,951
Other Income 28 1,196 0 0 1,196 1,619
Trading Activities
Total Receipts		 29 19,077
141,307		 0
0		 0
108,291		 19,077
249,598		 17,761
205,439
Expenditure
Charitable
Activities		 13,15 120,157 6,864 42,713 169,734 151,850
18-22
Total Expenditure 120,157 6,864 42,713 169,734 151,850
Net Income/Expenditure
forthe year
before gains/losses
ofFixed Assets		 21,150 -6,864 65,578 79,864 53,589
Net Gains/Loss
on Sale		 of Fixed Assets 0 0 0 0
Net Income before transfer 21,150 -6,&64 65,578 79,864 53,589
Transfer Between Funds -26,934 9,864 17,070
Net Income before other
recognised losses -5,7&4 3,000 82,64& 79,864 53,589
Gains/Losses
on Deferred Benefit
Pension Scheme 5 29,300 0 0 29,300 1,200
Net Movement of Funds 23,516 3,0M 82,648 109,164 54,7&9
Reconciliation
ofFunds
Total Funds brought forward -44,700 9,500 3&5,562 350,363 295,574
Total Funds canted forward -21,184 12,500 468,210 459,527 350,363

Note 2021 2~02
~R*FA
I
Tangible Fixed Assets 23 629,138 640,784
Current As88Ls
Bank 5 28,719 53,761
Baptist Union Corporation 7 35,646 10,599
Cash 8 154 580
Prepayments 9 6,032 5,760
Debtors 10 7,271 7,782
77,822 78,482
CCC t UWSti
Accruals &Creditors 11 1,433 1,176
Loans falling due within one year 12 25,000 35,517
26,433 36,693
N t current Asse 51,389 41,789
Loans falling due after one year 12 172,500 172,500 254,410 254,410
Net Assets excl in Pension Li ili 508027 428,163
Defined Benefit Pension liability 5 48,500 77,800
Total Net Assets 459,527 350,363
Cdhd F
d
Unrestricted -21,184 -44,699
Designated 12,500 9,500
Endowment 0 0
Restricted 468,210 385,562
TotalFunds 459,526 350,363

A new
depreciation
policy was ag		 reed by the Tr ustees
in 2019 it isas follows:
Only items with avalue exceeding
depreciated.
The following rates		 61,000 will be
of depreciation		 included as Capital Expenditure
were agreed:		 and therefore
Keyboard (purchased
in 2016)		 5years
Chairs
in Worship Area		 10years
Stacking Chairs 5years
PA If Audio equipment 5years

The key financial
assumptions
underlying
the valuation
were as follows
Type ofassumption
RPI price inflation assumption
CPI price inflation assumption
Minimum
Pensionable
Income increases Adjustment
(above CPI)		 3.20
2.70
0.50
Pre-retirement
assumed
investment
returns
(gift yield plus 1.75%)		 2.95
Post retirement
assumed
investment
returns
(including
benefits
matched
by the insurance
policy ) (gift yield plus 0.59fi)
Minimum
Pensionable
Income increases (CPI plus 0.5%)		 1.70
3.20
Deferred pension increased (based on RPI
-Pre April 2009		 3.20
-Post April 2009 2.5
Pension increases
-Based on RPI with an annual
floor of IP/o and annual cap of 5%		 2.70

Movement
in Balance Sheet		 liability
2021 2020
5 f,
Bal b/f 79000
Pension Delicit 48,500 77,800
Movement
in Balance Sheet		 29,300 1,200
Deficit Payments
Due
Balance Sheet Liability at year
Deficiency Contribution
Paid
Reduction
in Deficit Payments
Balance sheet liability at year		 start
by BU re Covid
end		 3,746
3,746
0
0		 3682
2761
920
0
N t the Accounts the Accounts
2021 29200
6Bank 6
GBC 19,803 45,967
Steps (held in GBCbank) 243 243
Boys' Brigade 8,584 7,148
Holiday 0 287
Craft 89 116
28,719 53,761
7Baptist Union
General Funds 10,599
10,599
8Cash
6BC(Petty Cash) 41 184
STEPS —Cash 7 5
Boys' Brigade 38 219
Lunch
Club		 16 100
Craft Time 15 46
Flowers 37 26.25
9Prepayments
Bridge Insurance Brokers 5,494 5,250
Business Stream 24 23
Siemens finance 251 251
Onecom/Plus Net 39 23
Virgin Media 10 10
Medway
Council		 215 204
6,032 5,760
10Debtors
HMRC 7,271 7,302
West Kent Domiciliary Care/Choice Support 0 480
7,271 7,782
11Accruals
Total —Gas 716 848
SSE 452 196
Vodafone 0 6
Co-operative Bank -Visa 192 0
Kent County Supplies (KCS) 73 126
1,433 1,176
12Loans Outstanding
Accounts Repayable Baptist Baptist 2021Total 2020Total
Building Union
Fund
Within one year 25,000 0 25,000 35,517
After one year 162,500 Q 162,500 246,910
Thank you Offering (4 years at52,500 pa) 0 10000 ~7
197,500 0 197,500 289,927

13Or&a~hiss io
&
2021 2020
Unrestricted Restricted Total Total
Brigades 5 5
Opening
Balance		 0 7,357 7,367 6,414
Income 0 2,402 2,402 2,238
Gift Aid (under GA in SoFA) 0 225 225 0
Expenditure 0 1,372 1372 1,2&6
Closing Balance 0 8,622 8,622 7,367
Craft Time
Opening
Balance		 162 162 445
Income 903 903 276
Expenditure 911 911 559
Transfer of Funds to Gen. 50 50 0
Closing Balance 0 104 162
STEPS
Opening
Balance		 248 248 218
Income 75 75 67
Expenditure
from Cash		 73 73 37
Closing Balance 0 250
Lunch Club
Opening
Balance		 100 100 122
Income 46 46 308
Expenditure 130 130 210
Transfer to General 0 0 120
Closing Balance 0 16 16
Totals
Opening
Balance		 0 7,877 7,877 7,200
Income 0 3,426 3,426 2,889
Gift Aid (under GA in SoFA) 225 225 0
Expenditure 0 2,486 2,486 2,092
Transfers
Out		 0 50 50 120
Closing Balance 0 8,992 8,992 7,877

Restrict ed, Designated
&Unrestricted		 Funds
2021 5}20
Unrestricted Restricted Total Total
General signated
6 E
Land & Buildings —GBC 0 0 600,000 600,000 600,000
Fixtures &Fittings 0 0 29,138 29,138 40,784
General 27,317 0 0 27,317 33,101
Pension Deficit -48,500 0 0 ~,500 -77,800
Project Sensory Room 0 0 140 140 0
project 2 (for Loan Repayments) 0 12,500 8,798 21,298 19,659
Loans to be Repaid 0 0 -197,500 -197,500 -289,927
Flowers 0 0 37 37 26
Mission 0 0 50 50 50
Christians
Against Poverty(CAP)		 0 0 12,456 12,456 5,691
CAP Smile 0 0 2,484 2,484 1,860
Family Outreach Worker 0 0 2,861 2,861 7,430
Church Family Fund 0 0 317 317 888
Holiday 0 0 0 0 287
Brunch Club 0 0 436 436 436
Organisations 0 0 8,992 8,992 7I877
-21,183 12,500 468,210 459,527

Salaries and Related E xpenses
2021 ~220
~UKC@dGt& Desiin.leg Restricted Total
Salaries 40,689 6,864 12,040 59,593 52,572
Furlough Rebate -868 0 -2,212 -3,079
DBSCheck 0 0 40 0
Sub Contractor 0 0 0 0 1,966
Pension Contributions 5,607 0 0 5,607 5,512
Pension Deficit 3,747 0 0 3,747 2,761
Manse Expenses 7,412 0 0 7,412 7,473
56,627 6,&64 9,829 73,319 65,829

Loans 2021 2020
E. E
Baptist Building Fund Balance b/f 220,000 242,500
Thank Offering Gift 2,500 2,500
Repayments -25,000 -25,000
Balance of Loan 197,500 220,000

to reflect this as a liability ofE2,500ayear for 10years. This is currently
totalling E7,500.
2021 2020
Baptist Union: Balance b/f 69,927 130,087
Interest Accrued (in SOFA exp) 527 2,784
Repayments -70,453 -62,944
Balance of Loan 0.00 69,926.74
17Christians Against Poverty Expenditure 2021 2020
geminated Restricted ~T Total
E E E
75Salary (shown under salaries) 6,864 2,888 9,752 8,570
Fees (shown under finance fees) 0 39 39 0
6,864 2,927 9,791 8,570
Expenses shown under CAP
Contribution to CAP HQ 0 6,300 6,300 6,300
Smile 0 1,000 1,000 2313
0 1,287 1,287 9,594
Other CAP Expenditure 0 8,5&7 8,587 18,207
No o 2021 ~20 0
Unrestricted Designated Restricted Total Total
E
18Other Activities
Children's
Church		 344 0 344 20
Youth Work 106 0 106 0
Conferences
&Training		 5 0 5 200
Travel 375 350 725 1,054
Visiting Preachers 200 0 200 175
Outreach 483 0 483 28
Thank You Gifts 78 0 78 100
1,591 0 350 1,941 1,577
19Upkeep ofChurch Premises
Repairs &Maintenance 19,193 0 0 19,193 7,526
Water Rates 158 0 0 158 165
Heat & Light 7,822 0 0 7,822 6,186
Insurance
&Valuation		 5,250 0 0 5,250 6,229
32~3 0 0 32,423 20,106
20 Administration
Telephone 373 0 373 513
Printing 2,786 0 2,786 2,634
Office Supplies 733 0 733 756
Publicity 0 0 0 324
Finance Fees 729 68 797 741
Membership
Fees		 1,003 0 1,003 890
5,624 0 68 5,692 5,857
21Supplies and Services
Materials 1,853 0 0 1,853 1,595
Small Equipment 1,524 0 0 1,524 2,745
Refreshments 279 0 0 279 299
Media &Books 701 0 0 701 505
Music &Organ 1,537 0 0 1,537 1,120
Flowers 0 0 139 139 197
Depreciation
(Designated)		 0 0 11,646 11,646 11,984
5,893 0 11,786 17,679 18,445

~22 2020
Unrestricted Restricted Total Total
22 Grants to Charitable Causes 6
Home Mission 5,000 0 5,000 5,000
Missionary
Aviation		 Fellowship 4,800 0 4,800 4,800
BMS World Mission 4,200 600 4,800 4,800
BMS World Mission (Guinebor) 0 900 900 2,075
BMS World Mission (Shrubsoles) 0 625 625 0
The Family Trust 1,200 0 1,200 1,200
M &S Newnham
(Includes Taxi)		 1,000 300 1,300 1,175
Compassion
re Wilkenson		 400 30 430 400
Tear Fund 300 2,383 2,683 350
Spurgeon's
College		 0 0 0 300
Medway Gideons 200 0 200 200
SEBA(bread of Life) 200 0 200 175
Release International 0 0 0 100
Open Doors 0 0 0 100
SAT-7 UK 0 0 0 100
Hope Health Action 100 0 100 0
African Pastors Fellowship 120 0 120 0
Leprosy Mission 180 536 716 0
The Children's
Society		 100 20 120 0
Samaritans
Purse		 200 0 200 0
18,000 5,394 23,394 20,775
Donations
From Church		 Family Fund 0 1,012 1,012 230