2020-12-31-accounts - Leigh Road Baptist Church

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

				Page
Report ofthe Trustees			I	to	6
Independent Examiner's	Report
Statement ofFinancial	Activities
Balance Sheet
Notes to the Financial Statements			I0	to	20
Detailed Statement ofFinancial		Activities	2I	to	22

F	OR THE Y	EAR EN	DED 31 DECE	MBER 2020
					2020	2019
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Notes				f
INCOME AND ENDOWMENTS	FROM
Donations and legacies		2	216,147	45,936	262.083	230,677
Charitable activities
Charitable activities			10,619	96,832	107,451	179,313
Investment income Other income		3	55,122 27,838	3,369 5,250	58,491 ~33 OSS	58,357 474
Total			309,726	151,387	461,113	468,821
EXPENDITURE ON
Pension provision			(19,084)		(19,084)	(3,201)
Charitable activities
Charitable activities			284,735	143,630	428,365	491,549
Other			997		997	I 330
Total			266,648	143,630	410,278	489,678
NET INCOME/(EXPENDITURE)			43,078	7,757	50,835	(20,857)
Transfers between funds			205	(205)
Other recognised gains/(losses)
Actuarial gains on defined benefit schemes
Net movement in funds			43,283	7,552	50,835	(20,857)
RECONCILIATION OF FUNDS
Total funds brought forward			2.796,137	330,548	3,126,685	3,147,542
TOTAL FUNDS CARRIED FORWARD			~2,839420	338,100	3.177,520	~3126,685

FIXEDASSETS		2020	2019
Tangible assets
		2,686,993	2,687,992
CURRENT ASSETS
Debtors
Cash in hand		24,266	26,286
		504 875	475,815
		529,141	502,101
CREDITORS
Amounts falling due within	one year	(8257)	(13,967)
NET CURRENT ASSETS
		520,884	488 134
TOTAL ASSETSLESSCURRENT
LIABILITIES
		3,207,877	3,176,126
PROVISIONS FORLIABILITIES
		(30,357)	(49,441)
NET ASSETS
		3 177520	3 126685
FUNDS
Unrestricted funds
Restricted funds		2,839,418	2,796,137
		338 102	330548
TOTAL FUNDS
		3 177520	3 126685

			2020	2019
			f	f
Lettings	- non stables		54,973	54,946
interest	Idividends	received	3,518	3 411
			58,491	58,357

Minimuni Pensionable	income increases	3.20
(CPI plus 0.75%pa)
Assumed investment	returns
- Pre - retirement		2 95
—Post retirement		1.70
Deferred pension increases
-Pre April 2009		3.20
-Post April 2009		2.50
Pension increases
- Main Scheme pension		2.70

Accounting date (year ending):		31/12/20	31/12/19
Balance sheet liability at year start Minus deficiency contributions paid Interest cost ( recognised in SoFA)		649,441 f(3,909) f 807	S52,642 f(5,099) 6 1,203
Remaining change to balance sheet liability* ( recognised	in SoFA)	X((5,983)	f696
Balance sheet liability at year end		f30,357	f49,441

Accounting	date			31/12/20	3I/12/19	3I/12/18
Discount rate				0.4%	1.7%	2.4%
Future increases to minimum		pensionable	income	3.0%	3.20/	3 30/

TANGIBLE FIXEDASSETS
			Fixtures
	Freehold	Plant and	and
COST	property f	machinery	fittings 5	Totals f
At I January 2020 and 31 December 2020	2 684 000
DEPRECIATION
At 1 January 2020 Charge for year		9,699 570	47,415 429	57,114 999
At3I December2020		10,269	47,844	58,113
NET BOOK VALIJE
At 31 December 2020	2 684000	1,708	1,285	2,686,993
At 31December 2019	2684,000	2 278	1,714	2,687 992

This Freehold Property has	been revalued at:
The Stables a Oasis Coffee House (Alpha Manse, 29 Marguerite Drive Manse, 19Parkside Tennis courts (at valuation) 193-195Leigh Road v Flats 191aand 193 a Warehouse - Chalkwell Park Flat 189aLeigh Road *	Centre)» a Drive *	195,000 315,000 337,000 650,000 12,000 345,000 330,000 300,000 ~200 000
		~2684 000

		2020	2019
		f
Other debtors		15,439	15,280
Income tax recoverable		8,827	11,006
		24,266	26,286
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2020	2019
		f
Accruals and deferred	income	8,257	13,967

				2020	2019
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
Fixed assets		2,686,993		2,686,993	2,687,992
Current	assets	190,573	338,568	529,141	502,101
Current liabilities Provision for liabilities		(7,791) ~30357)	(466)	(8,257) ~30,357)	(13,967) ~49,441)
		~2839418	~338 102	3,177,520	3,126,685

MOVEMENT [N FUNDS
		Net	Transfers
		movement	between	At
Unrestricted funds	At I/I/20 f	in funds f	funds	31/12/20
General fund Thank Offering Oasis Eco-Fund Youth Fund - Designated Friday Night Cafe	2,789,929 4,221 I,O I I 998 (27)	3 1,150 11,053 (1,073) (98) 1,962 82	12,442 (9,054) (3,148) 75 (60)	2,833,521 1,999 938 2,960
Restricted funds	2,796,137	43,076	205	2,839,4I8
Football Women Fellowship Links LRBCtoddlers Energise Tennis club Pre-school LRBC Housing &Welfare Association Coffee Club Churches Together in Leigh Sundry one-off items Suspended meals Night Shelter	57 538 489 1,519 554 7,089 24,584 288,132 2252 921 2,081 2,332	39 148 (214) 22,507 (8,434) (4,108) 96 (260) 431 (1,400) ~1,046)	(50) (84) (100) 29	57 527 553 1,205 554 29,596 16,150 284,024 96 1,992 1,352 681 1,315
	330,548	7759	~205)	338 102
TOTAL FUNDS	3,126685	50,835		3,177520

Net movement in f	unds, included in the above are as	follows:
		Incoming	Resources	Movement
		resources	expended	in funds
			f	f
Unrestricted funds
General fund		293,594	(262,444)	31,150
Thank Offering		13,816	(2,763)	11,053
Oasis		(1)	(1,072)	(1,073)
Eco-Fund		50	(148)	(98)
Youth Fund - Designated Friday Night Cafe		1,962 305	~223)	1,962 82
		309,726	(266,650)	43,076
Restricted funds
Women Fellowship		496	(457)	39
Links		192	(44)	148
LRBC toddlers		791	(1,005)	(214)
Tennis club		51,759	(29,252)	22,507
Pre-school		91,364	(99,798)	(8,434)
LRBC Housing &	Welfare Association	3,349	(7,457)	(4,108)
Coffee Club		150	(54)	96
Churches Together	in Leigh	40	(300)	(260)
Sundry one-off items		2,211	(1,780)	431
Suspended meals Night Shelter		~(035	(1,400) ~2,081)	(1,400) ~1046)
		151387	~(43 628)	7,759
TOTAL FUNDS		~461 113	~410,278)	~50 835

		Net
		nrovement	At
	At I/I/19	in funds	3 I/12/19
Unrestricted funds
General fund Oasis	2,794,639	(4,710)	2,789,929
Eco-Fund	2,050	2,171	4,221
Youth Fund -Designated Friday Night Cafe		1,011 998 ~22)	1,011 998 ~22)
Restricted funds	2,796,689	(552)	2,796, 137
Football
Women Fellowship Links	85 630	(28) (92)	57 538
LRBC toddlers Energise Tennis club Pre-school LRBC Housing dc Welfare Association Churches Together in Leigh Sundry one-oif items Suspended meals Night Shelter	648 2249 521 5,596 28,721 291,192 2,582 13,758 3 955 916	(159) (730) 33 1,493 (4,137) (3,060) (330) (12,837) (1,874) I 416	489 1,519 554 7,089 24,584 288,132 2,252 921 2,081 2,332
	350 853	~20305)	330,548
TOTAL FUNDS

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
Unrestricted fends
General fund		282,521	(282,011)	(5,220)	(4,710)
Thank Offering		19,462	(3,892)	(15,570)
Oasis		32,722	(53,379)	22,828	2,171
Eco-Fund		1,416	(380)	(25)	1,011
Youth Fund - Designated Friday Night Cafe		998 508	~530)		998 ~22)
		337,627	(340,192)	7,013	(552)
Restricted funds
Football		770	(798)		(28)
Women Fellowship		1,635	(1,547)	(180)	(92)
Links		553	(412)	(300)	(159)
LRBC toddlers		2,570	(2,500)	(800)	(730)
Energise		108	('75)		33
Tennis club		5,627	(4,134)		1,493
Pre-school		104,717	(105,854)	(3,000)	(4,137)
LRBC Housing &Welfare Association		2,986	(6,046)		(3,060)
Coffee Club		150	(100)	(50)
Churches Together	in Leigh	510	(875)	35	(330)
Sundry one-off items		6,213	(21,332)	2,282	(12,837)
Suspended meals Night Shelter		2,017 3,338	(3,891) (1,922)		(1,874) ~1416
		~131 194	(149,486)	~2,0)3)	~20,305)
TOTAL FUNDS		~468 821	~489 678)		~20 857)

		Net	Transfers
Unrestricted funds	At I/I/19 f	movement in funds f	between funds	At 31/12/20
General fund Thank Offering Oasis Eco-Fund	2,794,639 2,050	26,440 11,053 1,098	12,442 (9,054) (3,148)	2,833,521 1,999
Youth Fund -Designated Friday Night Cafe		913 2,960 60	25 ~60)	938 2,960
Restricted funds	2,796,689	42,524	205	2,839,418
Football Women Fellowship Links LRBC toddlers Energise Tennis club Pre-school LRBC Housing &Welfare Association Coffee Club Churches Together in Leigh Sundry one-off items Suspended meals Night Shelter	85 630 648 2,249 521 5,596 28,721 291,192 2,582 13,758 3,955 916	(28) (53) (11) (944) 33 24,000 (12,571) (7,168) 96 (590) (12,406) (3,274) 370	(50) (84) (100) 29	57 527 553 1,205 554 29,596 16,150 284,024 96 1,992 1,352 681 I 315
	350,853	~12546)	~205)	338 102
TOTAL FIJNDS	3 147542	29,978		3,177520

A current year 12 m as follows:	onths and prior year 12	months combined n	et movement in f	unds, included i	n the above ar
		Incoming	Resources	Gains and	Movement
		resources	expended f	losses	in funds f
Unrestricted funds
General fund		576,115	(544,455)	(5,220)	26,440
Thank Offering Oasis		33,278 3'2,721	(6,655) (54,451)	(15,570) 22,828	11,053 1,098
Eco-Fund		1,466	(528)	(25)	913
Youth Fund - Designated Friday Night Cafe		2,960 813	~753)		2,960 60
		647,353	(606,842)	2,013	42,524
Restricted funds
Football		770	(798)		(28)
Women Fellowship Links		2,131 745	(2,004) (456)	(180) (300)	(53) (11)
LRBCtoddlers		3,361	(3,505)	(800)	(944)
Energise Tennis club		108 57,386	('75) (33,386)		33 24,000
Pre-school		196,081	(705,652)	(3,000)	(12,571)
LRBC Housing & Coffee Club	Welfare Association	6,335 300	((3,503) (154)	(50)	(7,168) 96
Churches Together in Leigh Sundry one-off items Suspended meals Night Shelter		550 8,424 2,017 4,373	(1,175) (23,112) (5,291) ~4,003)	35 2,282	(590) (12,406) (3,274) 370
		282,581	~293 114)	~2,0)3)	~12546)
TOTAL FUNDS		~929 934	(899,956)		29,978

		DETAILED STATEMENT OF FOR THE YEAR ENDED	FINANCIAL ACTIVITIES 31 DECEMBER 2020
			2020	2019
			f	f
INCOME AND ENDOWMENTS
Donations and legacies
Giii aid giving Sundry donations	/	income	109,699	127,482
Income Tax Recovered			2,990	22,098
Legacies			28,370	34,174
Grants			58,752	4,000
Non gilt aid collections			36,897
CAF / stewardship		services	17,062	23,421
Other donations			4,783	3,775
Oasis gratuities			2,177	1,880
Fundraising events				975
Womens fellowship			1,353	8,836
Grants received				1,634
Suspended meals donated				509
				1,893
			262,083	230,677
Invastment income
Lettings - non stables
Interest / dividends	receivinI		54,973	54,946
			3,518	3,411
			58,491	58,357
Charitable activities
Lettings - stables managed Other donations			9,442	32,558
Pre-school			9,696	9,822
Oasis cafe			87,993	104,302
			320	32,631
			107,451	179,313
Other income
Loan
Insurance claims			33,088
				474
			33,088	474
Total incoming resources
			461,113	468,821
EXPENDITURE
Other trading activities
Pensions
			(19,084)	(3,201j
Charitable activities
Wages
Carried forward			169,104	172,010
			169,104	172,010

	FORTHE YEAR ENDED	31 DECEMBER 2020
		2020	2019
		f	f
Charitable activities
Brought forward		169,104	172,010
Cleaning and maintenance		10,613	15,980
Buildings and equipment		40,655	13,066
Food and drink		959	I 1,273
Music and multi-media		1,070	926
Organ and piano tuning Youth		1,572 143	1,715 853
Speakers		295	680
Evangelism and discipleship PA (including computer visuals Events at LRBC	)	1,370 808 1,008	1,501 I 269 18,081
Support - other Support -organisations Support - individuals Conferences / courses		1,489 28,654 7,085 966	2,787 38,918 8,850 1,673
Other funds		2,063	6,108
Pre-school wages Oasis wages		95,979	99,409 ~37 617
		363,833	432,716
Other
Plant and machinery depreciation		569	759
Fixtures and fittings depreciation		428	571
		997	1,330
Support costs
Management Insurance - buildings/contents		8,428	10,496
Services (light, heat etc) Telephone and internet		18,141 4,689	22,552 4,123
Postage and stationery Photocopying		822 2,583	2,426 3,134
Publicity / printing		913	2,098
Books, visual aids etc		131	141
Subscri ptions / licences		1,086	1,675
Staffexpenses		988	3,982
Information technology		15,015	3,978
Legal and professional Bank charges		11,659 77	3,794 434
		64,532	~58 833
Total resources expended		~410278	489,678
Net income/(expenditure)		50,835	~20,857)