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2020-12-31-accounts

Page
Reference and Administrative Details ofthe Charity, its Trustees and Advisers
Trustees' Report 2-8
Independent
Auditors'		 Report on the Financial Statements 9-12
Statement ofFinancial Activities 13
Balance Sheet 14
Notes to the Financial Statements 15-27

Trustees H Ayris
A Ogunleye
STunde
Rev.
IJ Bunce
BSchulte
Rev.J R Loveard
J E Stannard
JJ Giwa-Majekodunmi
N RWalden (resigned 31 July 2020)
RSEborn
Rev. VJBunce
J L Brown
KSYates
Charity registered
number 1172326
Principal office Main Road
Rornford
Essex
RM1 3BL
Independent auditors Venthams
Chartered
Accountants
Millho use
32-38East Street
Rochford
Essex
SS41DB
Bankers Royal Bank ofScotland
Drummond House
PO Box1727
Edinburgh
EH12 9RH
Baptist Union Corporation Ltd
Baptist House
PO Box44
129Broadway
Oxford
OX11 8RT
London Baptist Property Board Ltd
Unit C2
15Dock Street
London
E1 8JN
CCLA
Senator House
85Queen Victoria Street
London
EC4V4ET

Unrestricted Restricted Total Total
funds funds funds funds
2020 2020 2020 20/9
Note K K K E
Income from:
Donations
and		 legacies 228,660 500 229,160 248,012
Charitable
activities		 101,857 101,857 152,459
Investments 17,119 17,119 19,200
Other income 33,670 33,670
Total income 381,306 500 381,806 419,671
Expenditure
on.
Charitable
activities		 406,647 500 407,147 430,434
Total expenditure 406,647 500 407,147 430,434
Net movement in funds (25,341) (25,341) (10,763)
Reconciliation offunds.
Total funds brought forward 7,656,895 63,423 7,720,318 7,731,081
Net movement in funds (25,341) (25,341) (10,763)
Total funds carried forward 7,631,554 63,423 7,694,977 7,720,318

2020 2019
Note
Fixed assets
Tangible assets 6,790,923 6,799,215
6,790,923 6,799,215
Current assets
Debtors 24,751 43,114
Cash at bank and in hand 894,784 894,506
919,535 937,620
Creditors: amounts falling due within one
year 15 (15,481) (16,517)
Net current assets 904,054 921,103
Total assets less current liabilities 7,694,977 7,720,318
Total net assets 7,694,977 7,720,318
Charity funds
Restricted funds 16 63,423 63,423
Unrestricted
funds		 16 7,631,554 7,656,895
Total funds 7,694,977 7,720,318

Unrestricted Restricted Total Total
funds funds funds funds
2020f 2020f 2020f 2019
Donations 228,660 500 229,160 248,012
Total 2019 247,262 750 248,012
Unrestricted Total Total
funds funds funds
2020f 2020f 2019
Income from charitable activities —Church 101,857 101,857 152,459
Total 2019 152,459 152,459
5. Investment income
Unrestricted Total Total
funds funds funds
2020 2020f 2019
Z
Investment income - local investment properties 14,400 14,400 14,400
Investment income - local cash 2,719 2,719 4,800
17,119 17,119 19,200
Total 2019 19,200 19,200

Unrestricted Total Total
funds funds funds
2020f 2020 2019
Z
Government furlough income 33,670 33,670

Grants to Grants to Total Total
Institutions Individuals funds funds
2020
F		 2020
f		 2020 2019
Grants, Church 27,000 27,000 28,750
Total 2019 28,250 500 28,750
The Charity has made the following
material
grants to in		 stitutions
during the year:
2020 2019
Name of institution
Graceworks 2,000 3,000
Baptist Union Home Mission 10,500 10,500
BMSWorld Mission 10,500 10,750
Operation
Mobilisation		 2,000 2,000
Church1V23 2,000 2,000
27,000 28,250

Unrestricted Restricted Total Total
funds funds funds funds
2020
f		 2020
f		 2020f 2019
Church 406,647 500 407,147 430,434
Total 2019 429,923 511 430,434

Activities Grant
undertaken funding
of		 Support Total Total
directly activities costs funds funds
2020f 2020f 2020f 2020f 2019
Church 234,018 27,000 146,129 407,147 430,434
Total 2019 278,226 28,750 123,458 430,434
Total Total
Church funds funds
2020f 2020 2019
Staff costs 184,814 184,814 193,743
Church housing expenses 15,462 15,462 14,947
Travel 382 382 1,057
Other ministerial costs 10,966 10,966 18,722
Mission and outreach 22,394 22,394 49,757
234,018 234,018 278,226
Total 2019 278,226 278,226

Total Total
Church funds funds
2020 2020 2019
Staff costs 45,924 45,924 51,244
Depreciation 14,703 14,703 11,550
Church premises 26,276 26,276 33,868
Church office expenses 44,579 44,579 14,241
Auditors' remuneration 6,330 6,330 10,210
Legal fees 8,317 6,317 2,345
146,129 146,129 123,458
Total 2019 123,458 123,458

Staff costs
2020 2019
F
Wages and salaries 196,163 205,004
Social security costs 10,917 12,698
Contribution to defined contribution pension schemes 23,656 27,284
230,738 244,986
2020 2019
No. No.
Employees 12 12

Longderm
Freehold leasehold Fixtures and
property
F		 property
E		 fittings
f		 Total
Cost or valuation
At 1 January 2020 6,577,314 188,000 80,036 6,845,350
Additions 6,411 6,411
At 31 December 2020 6,577,314 188,000 86,447 6,&51,761
Depreciation
At 1 January 2020 46,135 46,135
Charge for the year 14,703 14,703
At 31 December 2020 60,838 60,838
Net book value
At 31 December 2020 6,577,314 188,000 25,609 6,790,923
At 31December 2019 6,577,314 188,000 33,901 6,799,215
2020 2019f
Due within one year
Trade debtors 9,021 28,222
Other debtors 11,045 10,311
Prepayments and accrued income 4,685 4,581
24,751 43,114

2020 2019
F
Bank overdrafts 537
Trade creditors 9,151 3,830
Accruals and deferred income 6,330 12,150
15,481 16,517

Statement
of		 funds - current year
Balance at
Balance at 1 31
January Transfers December
2020 Income Expendituref in/out
f.		 2020
Unrestricted funds
Designated
funds
Fixed asset fund 6,799,215 (8,292) 6,790,923
Contingency
fund		 68,090 68,090
Junction
Road		 45,170 45,170
6,912,475 (8,292) 6,904,183
General funds
General
fund		 724,355 371,865 (398,608) 14,460 712,072
Auxiliaries
fund		 7,789 7,789
Church group activity funds 12,276 9,441 (8,039) (6,168) 7,510
744,420 381,306 (406,647) 8,292 727,371
Total Unrestricted funds 7,656,895 381,306 (406,647) 7,631,554
Restricted funds
Benevolent
Fund		 252 252
Future project fund 60,000 60,000
Energise fund 446 446
Jack Petchey Fund 2,725 500 (500) 2,725
63,423 500 (500) 63,423
Total offunds 7,720,318 381,806 (407,147) 7,694,977

Statement of funds - prior ye ar
Balance at
Balance at 31
1January Transfers December
2019 Income Expenditure in/out 2019
Unrestricted funds
Designated
funds
Fixed asset fund 7,456,426 (657,211) 6,799,215
Contingency
fund		 68,090 68,090
Junction
Road		 45,170 45,170
7,569,686 (657,211) 6,912,475
General funds
General
fund		 82,077 384,847 (408,126) 665,557 724,355
Auxiliaries
fund		 7,789 7,789
Church group activity funds 34,073 (21,797) 12,276
89,866 418,920 (429,923) 665,557 T44,420
Total Unrestricted funds 7,659,552 418,920 (429,923) 8,346 7,656,895
Restricted funds
Fishers Fund 8,346 (8,346)
Benevolent
Fund		 252 252
Future project fund 60,000 60,000
Energise fund 446 446
Jack Petchey Fund 2,486 750 (511) 2,725
71,530 750 (511) (8,346) 63,423
Total offunds T,731,082 419,670 (430,434) 7,720,318

Summary offunds - cur rent year
Balance at
Balance at 1 31
January Transfers December
2020 Income Expenditure in/out 2020
R
Designated funds 6,912,475 (8,292) 6,904,183
General funds 744,420 381,306 (406,647) 8,292 727371
Restricted funds 63,423 500 (500) 63,423
7,720,318 381,806 (407,147) 7,694,977
Summary offunds - prior year
Balance at
Balance at 31
1January Transfers December
2019 Income Expenditure inlout 2019
Designated funds 7,569,686 (657,211) 6,912,475
General funds 89,866 418,920 (429,923) 665,557 744,420
Restricted funds 71,530 750 (511) (8,346) 63,423
7,731,082 419,670 (430,434) 7,720,318
Analysis ofnet assets between funds - cur rent period
Unrestricted Restricted Total
funds funds funds
2020 2020 2020
K K K
Tangible fixed assets 6,790,923 6,790,923
Current assets 656,112 63,423 919,535
Creditors due within one year (15,481) (15,481)
Total 7,631,554 63,423 7,694,977

Analysis ofn et asse ts between funds - prio r period
Unrestricted Restricted Total
funds funds funds
20'/9
K		 2019 2019f
Tangible fixed assets 6,799,215 6,799,215
Current assets 874,197 63,423 937,620
Creditors due within one year (16,517) (16,517)
Total 7,656,895 63,423 7,720,318