| Table ofContents | Table ofContents | ||
|---|---|---|---|
| Annual Report and Accounts. | |||
| Report ofthe Trustees | |||
| Objectives and activities. | |||
| Our aims. | ..3 | ||
| Our objectives.................... | 3 | ||
| Our communications .. Strategies. ................... |
3„4 | ||
| Grant making policy. | 5 | ||
| Staff. | 5 | ||
| Use ofvolunteers. .. | |||
| Activities and achievements. | |||
| How our activities deliver | public benefit. | ||
| Religious activities. | |||
| Structure, governance and management. |
|||
| Organisational Structure |
.. | ||
| Recruitment and appointment |
oftrustees. . | 9 | |
| Induction and training of |
trustees. | ..10 | |
| Risk Management. | .10 | ||
| Financial review .. | 10 | ||
| Reserves policy | .10 | ||
| Principal funding sources | and | financial performance ... | .11 |
| Investment policy and objectives .. |
.11 | ||
| Trustees and Administration | .. | 12 | |
| Trustees during the year | 12 | ||
| Independent examiner |
12 | ||
| Name ofthe bankers. | 12 | ||
| Independent Examiner's |
Report to the trustees of Ross-on-Wye Baptist Church ................13 | ||
| Responsibilities and basis of |
report | ||
| Independent examiner's |
statement . | 13 | |
| Statement offinancial activities.. | |||
| Balance sheet . | .15 | ||
| Cash flow statement .. | .26 | ||
| Notes tothe accounts ..... | .17 |
| Notes | Unrestricted | Unrestricted | funds | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|---|---|---|
| General | Designated | funds | funds | 2022 | 2021 | |||
| f | f | f | ||||||
| Donations and legacies |
2 | 156,065 | 1,000 | 30,507 | 187,572 | 188,897 | ||
| Charitable activities |
3 | 4,293 | 18,803 | 6,549 | 29,645 | 7,029 | ||
| Investment income |
4 | 692 | 3 | 695 | 391 | |||
| Total income | 161,050 | 19,806 | 37,056 | 217,912 | 196.317 | |||
| Expenditure on: | ||||||||
| Charitable activities |
5 | 137,988 | 15,401 | 25,382 | 178,771 | 192.926 | ||
| Total expenditure | 137,988 | 15,401 | 25,382 | 178,771 | 192,926 | |||
| Net income | 6 | 23,062 | 4,405 | 11,674 | 39,141 | 3,391 | ||
| Transfer between funds | -2,499 | 2,499 | ||||||
| Net movement in funds |
20,563 | 6,904 | 11,674 | 39,141 | 3,391 | |||
| Total funds brought forward | 127,967 | 53,040 | 40r351 | 50,000 | 271.358 | 267,967 | ||
| Total funds carried forward | 148,530 | 59,944 | 52,025 | 50,000 | 310,499 | 271,358 |
| Notes | 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|---|
| f | f | |||||||
| Cash flows | from operating | activities: | ||||||
| Net income | forthe | year as | per the statement | offinancial | 38,446 | |||
| activities | ||||||||
| Adjustments | for: | |||||||
| Depredation | charge | 2,645 | 2,645 | |||||
| (Decrease) | increase | in debtors | -186 | 2,455 | ||||
| (Decrease) | Increase | in creditors | -24,613 | -1,931 | ||||
| Net cash (used)/ provided | by operating acthllties | 16,292 | 6,169 | |||||
| Cash flows | from investing | activities | ||||||
| Investment | interest | 695 | 391 | |||||
| Capital expenditure | on property | |||||||
| Net cash used in investing | activities/capital | expenditure | 16,987 | |||||
| Change in cash and | cash equivalents | in the | year | 16,987 | 6,560 | |||
| Cash and cash equivalents | atthe beginning | ofthe year | 175,801 | 169,241 | ||||
| Cash and cash equivalents | atthe end | ofthe | year | 192,788 | 175,801 |
| Unrestricted | funds | Restricted | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|
| 2 | Donations and legacies | General f |
Designated f |
fundsf | Totalf | Total | |||
| Offerings and gifts | 133,656 | 1,000 | 28,340 | 162,996 | 159,214 | ||||
| Income tax recoverable | ~22409 | 2167 | 24 576 | 29683 | |||||
| ~156065 | |||||||||
| 3 | Income —charitable activities | ||||||||
| Use ofpremises | 377 | 18,803 | 19,180 | 6,164 | |||||
| Outreach | 1,654 | 4,308 | 5,962 | 811 | |||||
| Youth work | 2262 | 2241 | 4503 | 54 | |||||
| 4293 | 18 | 803 | 6 549 | 29645 | 70 9 | ||||
| 4 | Investment income |
||||||||
| Bank interest | 692 | 695 | 391 | ||||||
| Total income | 161,050 | 19,806 | 37,056 | 217,912 | 196,317 | ||||
| 5 | Expenditure-charitable | aaivities | Unrestrictedfunds | Restricted | 2022 | 2021 | |||
| Ministry &mission | General f |
Designated f |
Fundsf | Totalf | Totalf | ||||
| Saladies &national insurance | 59,864 | 5,233 | 65,097 | 88,200 | |||||
| Pension costs | 3,287 | 3,287 | 5,609 | ||||||
| Ministry support costs | 1,481 | 1,481 | 968 | ||||||
| Gifts tospeakers | 875 | 875 | 875 | ||||||
| Miscellaneous ministry |
costs | 3,340 | 3,340 | 4,043 | |||||
| Children and young people |
7,995 | 3,155 | 11,150 | 5,950 | |||||
| Outreach | 1,058 | 14,289 | 15,347 | 13,593 | |||||
| Catering | 1,067 | 1,067 | 1,636 | ||||||
| Office costs including salary |
15,838 | 15,838 | 16,347 | ||||||
| Publicity | 586 | S86 | 72 | ||||||
| Sundries Mission and other gifts |
(note 7) | 841 ~15189 |
259 416 |
2 05 | 1,100 »0 |
942 9 40 |
|||
| ~111421 | 675 | 25382 | 37 7 | 157775 | |||||
| Establishment | |||||||||
| Building repairs &maintenance | 27,731 | 2,727 | 30,458 | 6,586 | |||||
| Equipment replacement |
&repairs | 1,044 | 945 | 1,989 | 5,820 | ||||
| Light and heat Water |
6,988 63 |
3,170 339 |
10,158 402 |
9,237 366 |
|||||
| Insurance Cleaning &management |
4,301 ~2512 ~42 639 |
1,673 1 6 |
S,974 736 |
5,540 80 |
|||||
| Expenditure before provisions |
154,060 | 15,401 | 25,382 | 194,843 | 190,576 | ||||
| Net income before provisions | 6,990 | 4,405 | 11,674 | 23,069 | 5,741 | ||||
| Provisions (non~ah) | |||||||||
| Depreciation Finance costofdiscount unwind Reduction in pension liability |
2,645 261 ~18978 |
2,645 261 —0978 |
2,645 96 -391 |
||||||
| Total provisions | -16072 | -16072 | 2350 | ||||||
| Total expenditure &provisions |
137988 | 15401 | 25382 | 178771 | 192926 | ||||
| 6 | Net income | 23,062 | 4,405 | 11,674 | 39,141 | 3,391 |
| Charitable donations | Charitable donations | and grants | Unrestricted | Unrestricted | Restricted | Total 2022 | Total 2021 |
|---|---|---|---|---|---|---|---|
| E | E | ||||||
| Baptist Home | Mission | 6,600 | 6,600 | 6,600 | |||
| BM SWorld Mission | 504 | 504 | 1,004 | ||||
| AM (Alan gt Pauline Jordan) | 6,600 | 6,600 | 6,600 | ||||
| Others | 1,485 | 1,485 | 2,296 | ||||
| Stewardship | Fund (Designated) | 416 | 416 | ||||
| Acts 435 | 2,705 | 2,705 | 2,515 | ||||
| Jordans | 525 | ||||||
| 2,705 | 18,310 | 19,540 | |||||
| Employees | 2022 | 2021 | |||||
| The average number | ofpersons | employed | during the year was: | 4 | 5 | ||
| Employment | costs | E | E | ||||
| Salaries | 75,537 | 97,194 | |||||
| Social security | costs | 1,771 | 3,445 | ||||
| Pension costs | 3,904 | 6,218 | |||||
| 81,212 | 106,857 |
| 10 | Debtors | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|
| E | E | |||||||
| Gift Aid tax reclaim | 6,689 | 6,822 | ||||||
| Other debtors | 565 | 246 | ||||||
| 060 | ||||||||
| 11 | Cash at bank and | in hand | 2022 | 2021 | ||||
| E | 6 | |||||||
| Current accounts | 19,944 | 11,635 | ||||||
| Savings accounts | 1 2844 | 64 | ||||||
| 102 | 780 | 176 801 | ||||||
| 12 | Creditors: amounts | falling due | within one year | 2022 | 2021 | |||
| 6 | ||||||||
| Pension scheme | —contributions | to deficiency | 12 | 4,568 | ||||
| Accruals | 2,000 | 289 | ||||||
| Other creditors | 1,665 | 6,603 | ||||||
| 3 | 677 | 11460 | ||||||
| 13 | Creditors: amounts | falling due | after one year | 2022 | 2021 | |||
| Pension liability | ||||||||
| At 1January | 21,429 | 26,226 | ||||||
| Finance costofdiscount | unwind | 261 | 96 | |||||
| Increase/(decrease) | in pension | liability | -18,978 | -391 | ||||
| Deficiency contributions | -2670 | -4502 | ||||||
| At 31December | 42 | 21429 | ||||||
| Amount falling due |
within one year | 12 | 4,569 | |||||
| Amount falling due |
after | one year | 30 | 16860 |
| The liability | The liability | represents | the present | value ofthe | value ofthe | deficiency | deficiency | deficiency | contributions | contributions | at | the accounting | date. The |
|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| discount | rate used is4 | 688(2021:1 | 388)and the minimum | pensionable | income | rate 70%(2021:40%). | ||||||||
| See note | 16 | below for | more information | about the | pension | liability. | ||||||||
| 14 | Analysis | of | net assets | between | Unrestricted | funds | Restricted | Endowment | 2022 | |||||
| General | Designated | funds | fund | Total | ||||||||||
| Balances | at | 31December 2021 | E | 6 | E | E | ||||||||
| represented | by: | |||||||||||||
| Tangible | fixed assets | 64,164 | 50,000 | 114,164 | ||||||||||
| Current | assets | 88,074 | 59,943 | 52,025 | 200,042 | |||||||||
| Current | liabilities | -3,677 | -3,677 | |||||||||||
| Non-current | liabilities | -30 | -30 | |||||||||||
| 148,531 | 59,943 | 40,351 | 50,000 | 310,499 |