| Pege | |
|---|---|
| ReportoftheTrustees | Ito2 |
| Ind€p€ndent Examiner'sReport | 3 |
| St&tementofFirancial Activities | 4 |
| BalanceSheet | 5to6 |
| Notcs tolheFitrancial Statements | ?to15 |
| DetailedSaatementofFinancial Activities | 16to17 |
| FORTHE Y | EAR END | ED31STDECE | ]\IBER202I | ||
|---|---|---|---|---|---|
| 31.12.2r | 3t.t2.20 | ||||
| Unrestricted | Restricted | Total | Total | ||
| Notes | tund f |
tund t |
funds r |
funds L |
|
| INCOMEAI\'D ENDOWMENTS FROM | |||||
| Voluntaryincome | lt9,993 | rr9,993 | r29,740 | ||
| lnvestment income | 1 | 3,031 | 3,031 | 4,990 | |
| Other incomc | t0,188 | 10,188 | |||
| Total | 133.212 | 133,212 | 134,730 | ||
| EXPENDITURE ON | |||||
| Raising funds | 63,233 | 63,233 | 64,544 | ||
| ChurchExpenditue | 56,l6l | 56,16r | 53,446 | ||
| Totel | t19,394 | t19,394 | It7,990 | ||
| Transferfromunincor?oratedentity | I,I?4,086 | ||||
| NETINCOME | 13,8t8 | 13.818 | |||
| RECONCILIATIONOFFUNDS | |||||
| Totalfutrdsbroughtforward | t,190.826 | I,190,826 | |||
| TOTALFUNDSCARRIEDFORWARD | t.204.644 | l-w&44 | -.U2qq! |
| 31.12.21 | 31.12.20 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| tund | tund | funds | funds | ||
| Notes | f | { | L | ||
| FTXED ASSETS | |||||
| Tangibleassets | 7 | 1.088.993 | r,088,993 | t,092,754 | |
| CURR,ENT ASSETS | |||||
| Debtors | 8 | 6,641 | 6,64t | 't,200 | |
| lnvesftnents | 9 | 395 | 395 | 395 | |
| Cashatbankandinhand | 137,049 | 137,049 | I 17,049 | ||
| r44.085 | 144,085 | 124,644 | |||
| CREDITORS | |||||
| Amountsfallingduewithinoneyear | l0 | (lr,134) | (11,134) | (s,046) | |
| NETCURRENTASSETS | l]2,951 | 132,95r | u9,598 | ||
| TOTALASSETS LESSCURRENT | |||||
| LIABILITIES | 1.221.944 | 1,221,944 | t,212.352 | ||
| CREDITORS Amountsfallingdueafter morethan oneyear |
lr | (17.300) | (17,300)(2t,s26| | ||
| NET ASSETS | _)_20!.641 | -1204444.-1.:.!-2q,!2! | |||
| FTJNDS | l2 | ||||
| Unrestricted funds | ,204,6M | ||||
| TOTALFUNDS | _1204,644 | 1.190,826 |
| ACCOUNTING POLICIES-continued | |
|---|---|
| Fund accounting | |
| BalanceoffundsfromsaleofManse | 387 |
| Christmascollection | 678 |
| Mcn'sSupperClub | 823 |
| Handcraff Group | 780 |
| TotalDesignated funds | 2,668 |
| INVESTMENTINCOMI | ||
|---|---|---|
| 3t.t2.21 t |
3t.t2.20 f |
|
| Rentsreceivcd | 2,355 | 4,O95 |
| Interest receivable-trading | 6'16 | 895 |
| 3.031 | 4.990 |
| Raising donationsardlegacies | |||
|---|---|---|---|
| 3t.t2.21 | 3t.12.20 | ||
| a | L | ||
| Supportcosts | -233 | 5!,s44. | |
| 1. | NET INCOME(EXPENDITUR,E) | ||
| Netincome(expenditure)is statedafterchargiug/lcrediting): | |||
| 31.12.21 | 31.12.20 | ||
| f. | L | ||
| Depreciation-ouinedassets | 2104 | _2,0-lI | |
| 5. | TRUSTEES' REMUNERATION AND BEI.EFITS | ||
| 31.12.21 f |
31.t2.20 t |
||
| Trustees'salari€s | ]Lse1 | )l_927 |
| COMPARATIVESFORTIIESTATEMENTOFR | NANCIALACTTVITIES | ||
|---|---|---|---|
| Unrestricted | Resricted | Total | |
| tund | tund | funds | |
| f | f. | f. | |
| INCOMEANDEIYDOWMENTSFROM | |||
| Voluntaryincome | 128,140 | 000 | 129,740 |
| lnvestment income | 4,990 | 4,990 | |
| Total | 133,730 | r,000 | 134,730 |
| EXPENDITURE ON | |||
| Raising funds | 63,544 | 1,000 | 64,544 |
| Church Expenditure | 53,446 | s3,446 | |
| Total | l16.990 | 1,000 | r17,990 |
| Transfer Aom unincorporatedeotity | r,174,086 | 1,174,086 | |
| NETINCOME | t,190,826 | I, t90,826 | |
| TOTAL FU\DSCARRIED FORWARD | rJj!.!2! | 1,r90.826 |
| 7 | TANGIBLEFTXED ASSETS | |||||
|---|---|---|---|---|---|---|
| Fixtures | ||||||
| Freehold | and | |||||
| propcrty f |
fittings t |
Totals L |
||||
| cosT | ||||||
| AtlstJanuary2021 Additions |
1,t13,526 2,t00 |
92,O22 3,843 |
r,205.548 5q41 |
|||
| At3lstDeccmber2021 | r,n5,626 | 95,865t,2tt,49t | ||||
| DEPRECIATION | ||||||
| AtlstJanuary2021 | 30,045 | 82,749 | 112,794 | |||
| Chargeforyear | 6,r48 | 3,556 | 9,7M | |||
| At3lstDecember2021 | 36,193 | t22,498 | ||||
| NET BOOXVALUE | ||||||
| At3lstDecember2021 | 1,079,433 | 9,560 | _.Lq!!J2l | |||
| At3Ist December 2020 | 1.083.481 | ____227) | )!22$1 | |||
| 8. | DEBTORS:AI\IOUNTSFALLINGDUE\l'ITHt\ONE YEAR | |||||
| 31.t2.2t | J .12.20 | |||||
| Prepayments and accruedincome | fs8! | L J-2oo |
||||
| 9. | CURRENTASSET INI,ESTMEN*TS | |||||
| 31.12.21 | 31.12.20 | |||||
| ! | I | |||||
| Funds(interest) heldby HEBA | 395 | 395 | ||||
| IO, | CREDITORS:AMOU\TSF.{LLINGDUE\4,ITHINONEYEAR | |||||
| 31.t2.21 | 31.12.20 | |||||
| L | ||||||
| Social securityandothertaxes | 727 | 659 | ||||
| Othcr creditors | 10,407 | 4,38'l | ||||
| _Ll,!1 | _1,01q |
| FORTHEIEARENDED3ISTDEC | E]\IBER2021 | E]\IBER2021 | ||
|---|---|---|---|---|
| Il. | CREDTTORS: AMOT,NTSFALLINGDUEAFTER MORE | THANONEYEAR | ||
| 31.12.21 | 3t.12.20 | |||
| Othercreditors | L 17,300 |
L 21,s26 |
||
| 12. | MOVEMENTINFIIIIDS | |||
| Net | ||||
| movement | At | |||
| Atl.l.2l | infunds | 3t.t2.2t | ||
| [. | f | t. | ||
| Unrestrictedfunds Generalfund |
1.190.826 | r3,8r8 | 1,2M,644 | |
| TOTALFUI{DS | __!2!.ql!__Lrq!J-l044!! | |||
| Netmovement io fimds, included intheaboveare asfollows: | ||||
| lncoming | Resources | Movement | ||
| resources t |
expended f |
infunds t |
||
| Unrestricted funds | ||||
| General fund | 133,212(119,394)13,818 | |||
| TOTALFU\DS | J])2120.12;21)-.!-1,!-l! | |||
| Comparativesformovementinfulds | ||||
| Net | ||||
| movement | At | |||
| Ar1.1.20 t |
infunds f |
31.12.20 f |
||
| Unrestrictedfutrds | ||||
| Generalfund | 1.190.826r.190,826 | |||
| TOTALFU\DS | -LUq,!2!_.1J99,!26 |
| Comparativenetmovcmentinfun | ds, included inthe aboveare asfollows: |
|---|---|
| IncomingResourcesGains and rcsourcesexpendedlosses LiL Movemen! infunds I |
|
| Unrestricted fuItds Generalfund |
r33.730(116,990) 1,174,0861,r90,826 |
| Restrictedfutlds | |
| Restrictedfund | 1.000 (1,000) |
| TOTAL }-U\DS | .!l1Jt9Ul_Zp9q).1111p9!!_29.q2! |
| Acurrent y€ar12moothsandprioryeart2 | monrhscombined positionisasfoll | ows: | |
|---|---|---|---|
| Net | |||
| movement | At | ||
| At1.1.20 | in funds | 31.t2.21 | |
| t | r. | L | |
| Unrestricted funds | |||
| Generalfund | r,2M,644t.2M,U4 | ||
| TOT-{LFL-r-DS | _llv,6!7)2041"4 |
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | infirnds | |
| r | , | f. | ,, | |
| Unrestrictedfunds | ||||
| Generalfund | 266,942 | (236,384) | 1,t74,086 | t,2M,U4 |
| Restricted funds | ||||
| Resfiictedfund | 1.000 | (1,000) | ||
| TOTALFU\DS | _?5L242 | Gl]:]!1) | rj.]-Epq! | 1w,64! |
| Tvpe offinancialassumption | o/"pt |
|---|---|
| RPIprice inflationassumption | 3.20 |
| CPIprice inflationaszumption | 2.70 |
| MinimumPensionablelncomeincreaseadjustment (aboveCPI) | 0.50 |
| AssumediDvestmentrehlms | |
| - Pre-retiremant | 2.95 |
| -Postretirement | 1.70 |
| Deferrcdpensionincreases | |
| -PreApril2009 | 3.20 |
| -PostApril2009 | 2.50 |
| AccountingDate | 3lDecomber2021 Li |
3lDecember 2020 |
|---|---|---|
| Balanceshectliabilityaty€arstart Minus deficiency contibutionspaid lnterestcost(r€cognisedinSoFA) |
21,526 (3,695) 79 |
33,708 (3,631) 555 |
| Remainingchange to the batancesheetliabiliry (recognisedinSoFA) Balancesheerliabilityatyearend |
-j:) I7,300 |
_(:,t*) 2l,526 |
| beenvalued usingthefollowingass | umptionssetbyreferencetot | hedurationofthedeficitrecovery payments: | hedurationofthedeficitrecovery payments: |
|---|---|---|---|
| Accountingdate | 3lDerember2021 | 31December20203lDecember 2019 | |
| DiscountRate | 2.0% | 0.4o/o | 1.7% |
| Futureincreasesto Minimum | |||
| PensionableIncome | 4.1% | 3.0% | 3.2o/o |
| FORTTIEYEAR ENDED 3IS | T DECEMBER2O2I | |
|---|---|---|
| 31.12.21 | 31.t2.20 | |
| r | ||
| INCOMEANDENDOW}IE\TS | ||
| Voluntsryincome | ||
| Collections | 88.595 | 95,729 |
| Covenants(Giftaid) | 17.268 | t6,996 |
| Mums&Toddlers | 33 | 47 |
| Sundry Receipts | 4,252 | 1,387 |
| SpecifiedCifu | 9,845 | t5,581 |
| 119,993 | 129.740 | |
| Investmcnt income | ||
| Rentsreceived | 2,355 | 4,095 |
| Interest receivable-trading | 676 | 895 |
| 3,03r | 4,990 | |
| Otherincome | ||
| CovidFurlough Grant | 10,188 | |
| Total incomingresources | 133,2t2 | 134,730 |
| EXPENDITURE | ||
| Church Expenditure | ||
| Church LeadersSalaries(Trustees) | 3'1.997 | 37,997 |
| Othersalaries | 13,946 | t4,044 |
| Social security | 2t5 | l,l00 |
| Persions | 4,015 | 3,918 |
| Increase(reduction)in pensionliability | (s3l) | (9,458) |
| Telephone | 36,{ | 352 |
| Travel&Subsistence | 55 | 226 |
| ConferenceFees | r00 | 4t0 |
| IntemshipCosts | 4,857 | |
| 56,16r | 53,446 | |
| Supportcosts | ||
| Church BuildingExpenses | ||
| Repairs&Maintenance | 2,291 | 2,075 |
| Insurance | t,200 | 1,142 |
| Light andheat | 2,3'74 | t,902 |
| Telcphone | t,646 | 1,481 |
| Postage andstationery | 1,532 | 1,105 |
| Sundries | 2,325 | 2,393 |
| Cleaning | 4,643 | 3,594 |
| Carriedforward | 16,0tI | 13,692 |
| DETAILEDSTATEMENTOFFIN FORTEE YEARENDED31ST |
ANCIALACTIVITIES DECEMBER2O2I |
|
|---|---|---|
| 31.12.21 | 3t.t2.20 | |
| L | f | |
| Church BuildingExpenses | ||
| Broughtforward | 16,01 I | t3,692 |
| Copyright | 93r | 878 |
| t6.942 | 14,5',70 | |
| 7WestCastleStreetExpenses | ||
| Cleaning | lt9 | 235 |
| Rates arldwater | 385 | 421 |
| Insurance | 379 | 361 |
| Lightand heat | 't,436 | |
| Repairs&Maintenance | 898 | 1,6t9 |
| 3,217 | 4,0t0 | |
| Mission | ||
| HeartofEngland tsaptist Association | t,500 | t,500 |
| Outrerch, Gifts&Home Mi*sion | ||
| SpecialEvents | 1,505 | 230 |
| SpecifiedGifts- Designated | 9,845 | 15,58r |
| CAP | 4,158 | 3,239 |
| CareFund(netofrepayments) | (50) | (300) |
| Bridgnorth Youth&SchoolsProject | 6,000 | 6,000 |
| KingsKids | 500 | |
| Prayer&Healing On TheSaeet | 382 | |
| Other | 2,400 | 2,400 |
| 23,858 | 28,032 | |
| Otherresourc€s expetrded | ||
| Training&conferences | 453 | r27 |
| Speakers&Communion Supplies | 30 | 9 |
| Youth&Rainbow | 292 | 211 |
| Baokcharges | 418 | 429 |
| BiblePrayerNotes&FreedomInChrist | 3,392 | 4,032 |
| Accountancyandlegalfees | 2,745 | I,802 |
| Subscriptions | 682 | 801 |
| Depreciation - Church | 7,265 | 6,708 |
| DeEeciation-No.7 | 2.439 | 2,307 |
| t'7,7t6 | 16,432 | |
| Total r€soulces expend€d | t19,394 | II7,990 |
| Netincome | __.!-L!1! | t6.7q |