## ## ||||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| ## ##