## ||||Page|| |---|---|---|---|---| |Report ofthe Trnstces||I|to|2| |Independent
Examiner's
Report||||| |Statement ofFinancial|Actsvities|||| |Balance Sheet||||| |Notes tothe Financial|Statements|6|to|l3| |Detailed Statement of|Financial Activities|I4|to|I5| ## ## ## ## ## ## ## ## ## |||F RTHE YE|AR ENDE|D 31STD
E|BER2020||| |---|---|---|---|---|---|---|---| ||||||||Period| ||||||||7 12.18| |||||||Year Ended|to| |||||||31.12.20|31.12.19| |||||Unrestricted||Total|Timd| ||||Notes|fund||funds|fundsI| |INCOME AND ENDOWMENTS FROhl|||||||| |Volunlary
income||||128,740|1,000|129,740|| |Investment
income|||2|4.990|||| |Total||||133,730||134,730|| |EXPENDITURE ON|||||||| |Raising funds|||3|63,544|1,000|64,544|| |Church Expendhture||||53446||53446|| |Total||||116,990|1,000|117,990|| |Transfer from unincorporated||entity||L174.086||1,174,086|| |NET INCOME||||1.190,826||1,190,826|| |RECONCILIATION|OF FUNDS||||||| |Total funds brought|forward||||||| |TOTAI, FUNDS CARRIED||FORWARD||1.190.826|-|1,190826|| ## |31|STDE|EMBER2020|||| |---|---|---|---|---|---| |||||31.12.20|31.12.19| |||Unrestricted|Restricted|Total|Total| |||fund|fund|funds|funds| ||Notes||||| |FIXEDASSETS|||||| |Tangible assets|7|1,092,754||1.092,754|| |CURRENT ASSETS|||||| |Debtom||7200||7,200|| |Investments||395||395|| |Cash at bank aud in head||117,049||117,049|| |||124,644||124,644|| |CREDITORS|||||| |Amounts
falling due within one year|10|(5,046)||(5,046)|| |NET CURRENT ASSETS||119.598||119598|| |TOTAL ASSETSLESSCURRENT|||||| |LIABILITIES||1,212,352||),212352|| |CREDITORS|||||| |Amouats
falling due ager more than one year|11|(21,526)||(21526)|| |NET ASSETS||~1190826|-|~1,190826i|| |FUNDS|12||||| |Unmstricted
funds||||1,190826|| |TOTAL FUNDS||||I 190,826|| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||||||Period|| |---|---|---|---|---|---|---|---|---|---|---| ||||||||||7.12.18|| |||||||Year Ended|||to|| ||||||||31.12.20||31.12.19|| ||Support costs||||||~64 544|||| |4.|NET INCOME/(EXPENDITURE)|||||||||| ||Net income/(expenditure)|is stated|after charging/(crcditiug):|||||||| ||||||||||Period|| ||||||||||7.12.18|| |||||||Year Ended||||| ||||||||31.12.20||31.12.19|| ||Depreciation - owned assets||||||9015|||| |5.|TRUSTEES' REMUNERATION||AND BENEFITS|||||||| ||||||||||Period|| ||||||||||7.12.18|| |||||||Year Ended|||to|| ||||||||31.12.20||31.12.19|| ||||||||K|||| ||Trustees' salades||||||~37997|||| ||Trustees' expellscs|||||||||| ||During
the year one trustee was reimbursed|||for expenses|costs incurred|for the|Cbadty's|business|during|the| ||coume of his employment.|||||||||| |6.|COMPARATIVES FOR|THE STATEMENT OF FINANCIAL ACTIVITIES||||||||| ||||||||||Total|| ||||||||||fundsf|| ||NET INCOME|||||||||| ||TOTAL FUNDS CARRIED FORWARD|||||||||| ## ## |7.|TANGIBLE FIXEDASSETS|||||| |---|---|---|---|---|---|---| |||||Fixtures||| ||||Freehold|and||| ||||property|frttings||| ||COST|||||| ||Transfer
Additions|1,113,526||87,272
~4750|1,200,798
~4750|| ||At 31stDecember 2020|1,113526||92,022|I|05,548| ||DEPRECIATION|||||| ||Transfer
Charge for year|24,036
~6009||79,743
~3006||103.779
9015| ||At 31stDecember 2020|~30045||82749||112794| ||NET BOOKVALUE
At 31stDecember 2020|~1083481||~973|1|092754| ||At 31stDecember 2019|||||| |8.|DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR|||||| |||||31.12.20
f|31.12.19|| ||Prepayments
and accrued income|||7200||| |9.|CURRENT ASSETINVESTMENTS|||||| |||||31.12.21)|31.12.19|| |||||8||5| ||Funds (interest) held by HEBA|||395||| |10.|CREDITORSt AMOUNTS FALLING DUE WITHIN ONE YEAR|||||| |||||31.il2.20|31.12.19|| |||||||8| ||Social security
and other taxes|||659||| ||Other creditors|||4.387||| |||||~5046||| ## ## ## ## ## |Type o(financial assumption|v/i pa| |---|---| |RPI price inflation
assumption|3.50| |CPIprice inflation
assumption|2.75| |Minimum
Pensionabte
lnconie increases (CP1plus 1.0'/v pa)|3.50| |Assumed
investment
returns|| |-Pre.mtiremeut|3.50| |-Post redrement|2.25| |Deferred pension increases|| |-Prc April 2009|3.50| |-Post April 2009|2.50| |Pension increases|| |-Main Scheme pension Pre April 2006|2.70| |-Main Scheme pension Pre April 2006|2.00| ## ## ## ## |||FOR THE YEAR ENDED 31STDECEMBER 202
|0
|| |---|---|---|---|---| |IL|CREDITORS:|AMOUNTS FALLING DUK AFTER MORE THAN ONE|YEAR
31.12.20|31.!2.19| ||||8|| ||Other creditors||~21526|| |12.|MOVEMENT|IN FUNDS||| ||||Net|| ||||movement|At| |||At 1.120|m funds|31.12.20| ||Unrestricted
funds|||| ||General fund||1,190,$26|1.190.826| ||TOTAL FUNDS||I 190826|1.190826| ||Incoming|Resources|Gains and|Movement| |---|---|---|---|---| ||resources|expended|losses|in funds| ||g|6|g|| |Unrestricted
funds||||| |General fund|133,730|(116,990)|1,174,086|1,190,826| |Restricted funds||||| |Restricted fund||(1,000)||| |TOTAL FUNDS|~134730|(117,990)|1,174,0$6|~1.190826| ## ## ## ## ## ## |Accounting
Date|||31December 2Q20|31December
2Q19| |---|---|---|---|---| |Balance sheet liability at|year|start|33,708|33,637| |Minus deficiency contributions||paid|(3,631)|(3553)| |Interest cost (recognised|in SoFA)||555|578| |Remaining
change tothe|balance sheet liability|||| |(recognised
in SoFA)|||(9,106)|(3,046)| |Balance sheet liability at|year|end|21,526|33,708| |Accounting
Date||31December 2020|31December 2019|31December 2018| |---|---|---|---|---| |Discount rate||0 4o/o|1.7o/o|2.4o/o| |Future increases to||||| |Minimum
Pensionable|Income|3.0o/o|3.2o/o|3 3ol| |Cessation Event||||| ## ## ## ## ## ## |||F RTHK YEAR ENDED 31S|TDECEMBER 2020|| |---|---|---|---|---| |||||Period| |||||7.12.18| ||||Year Ended|to| ||||31.12.20|31.12.19| |INCOME AND|ENDOWMENTS|||| |Voluntary
income||||| |Collections|||95,729|| |Covenants (Gifi|aid)||16,996|| |Mums th Toddlers|||47|| |Sundry Receipts|||1,387|| |Specified Gifis|||15.581|| ||||129,740|| |Investment
income||||| |Rents received|||4,095|| |Interest receivable - trading|||895|| ||||~4990|| |Total incoming|resources||134,730|| |EXPENDITURE||||| |Church Expenditure||||| |Church Leaders|Salaries (frustees)||37,997|| |Other salaries|||14,044|| |Social security|||1,100|| |Pensions|||3,918|| |Increase/(mduction)||in pension liability|(9,458)|| |Telephone|||352|| |Travel k.Subststence|||226|| |Confemnce Fees|||410|| |Internship
Costs|||~4857|| |Support costs||||| |Church
Building Expeases
Repairs k Maintenance|||2,075|| |Insumnce|||1,142|| |Light and heat|||1,902|| |Telephone|||1,481|| |Postage and stationery|||1,105|| |Sundries|||2,393|| |Carried fonvard|||10,098|| ## ## |F RTHE YEAR ENDED 31S|TDE EMBER2020|| |---|---|---| |||Period| |||7.12.18| ||Year Ended|to| ||31.12.20|31.12.19| |Church
Building Expenses||| |Brought forward|10,098|| |Cleaning|3,594|| |Copyright|878|| ||14,570|| |7West Castle Street Expenses||| |Cleaning|235|| |Rates and water|421|| |Insurance|361|| |Light and heat
k Maintenance|1,374
1,619|| ||4,010|| |Mission||| |Heart ofEngland Baptist Association|1,500|| |Outreach, Gifts dt Home Mission||| |Special Events|230|| |Specifred Gifts - Designated|15,581|| |CAP|3,239|| |Care Fund (netofrepayments)|(300)|| |Bridgnorth
Youth fk Schools Pmject|6,000|| |Kiags Kids|500|| |Prayer A Healing
On The Street|382|| |Other|2400|| ||28,032|| |Other resources expended||| |Tnuning
tk conferences|127|| |Speakers dt Communion
Supplies||| |Youth tk Rainbow|217|| |Bank charges|429|| |Bible Prayer Notes 8:Fmedom ln Christ|4,032|| |Accouatancy
and legal fees|1,802|| |Subscription s|801|| |Depreciation - Church|6,708|| |Depreciation - No. 7|2307|| ||16432|| |Total msources expended|117,990|| |Net income|16740||