## 

||Pege|
|---|---|
|ReportoftheTrustees|Ito2|
|Ind€p€ndent Examiner'sReport|3|
|St&tementofFirancial Activities|4|
|BalanceSheet|5to6|
|Notcs tolheFitrancial Statements|?to15|
|DetailedSaatementofFinancial Activities|16to17|





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|FORTHE Y|EAR END|ED31STDECE|]\IBER202I|||
|---|---|---|---|---|---|
|||||31.12.2r|3t.t2.20|
|||Unrestricted|Restricted|Total|Total|
||Notes|tund<br>f|tund<br>t|funds<br>r|funds<br>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||,190,826|
|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<br>Amountsfallingdueafter morethan oneyear|lr|(17.300)||(17,300)(2t,s26\||
|NET ASSETS||_)_20!.641||-1204444.-1.:.!-2q,!2!||
|FTJNDS|l2|||||
|Unrestricted funds|||||,204,6M|t,190,826|
|TOTALFUNDS||||_1204,644|1.190,826|





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|ACCOUNTING POLICIES-continued||
|---|---|
|Fund accounting||
|BalanceoffundsfromsaleofManse|387|
|Christmascollection|678|
|Mcn'sSupperClub|823|
|Handcraff Group|780|
|TotalDesignated funds|2,668|



## 

|INVESTMENTINCOMI|||
|---|---|---|
||3t.t2.21<br>t|3t.t2.20<br>f|
|Rentsreceivcd|2,355|4,O95|
|Interest receivable-trading|6'16|895|
||3.031|4.990|





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||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<br>f|31.t2.20<br>t|
||Trustees'salari€s|]Lse1|)l_927|



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## 

|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<br>f|||fittings<br>t|Totals<br>L|
||cosT||||||
||AtlstJanuary2021<br>Additions|1,t13,526<br>2,t00|||92,O22<br>3,843|r,205.548<br>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<br>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|





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||FORTHEIEARENDED3ISTDEC|E]\IBER2021|E]\IBER2021||
|---|---|---|---|---|
|Il.|CREDTTORS: AMOT,NTSFALLINGDUEAFTER MORE|THANONEYEAR|||
||||31.12.21|3t.12.20|
||Othercreditors||L<br>17,300|L<br>21,s26|
|12.|MOVEMENTINFIIIIDS||||
||||Net||
||||movement|At|
|||Atl.l.2l|infunds|3t.t2.2t|
|||[.|f|t.|
||Unrestrictedfunds<br>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<br>t|expended<br>f|infunds<br>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<br>t|infunds<br>f|31.12.20<br>f|
||Unrestrictedfutrds||||
||Generalfund||1.190.826r.190,826||
||TOTALFU\DS||-LUq,!2!_.1J99,!26||





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|Comparativenetmovcmentinfun|ds, included inthe aboveare asfollows:|
|---|---|
||IncomingResourcesGains and<br>rcsourcesexpendedlosses<br>LiL<br>Movemen!<br>infunds<br>I|
|Unrestricted fuItds<br>Generalfund|r33.730(116,990) 1,174,0861,r90,826|
|Restrictedfutlds||
|Restrictedfund|1.000<br>(1,000)|
|TOTAL }-U\DS|___.!l1Jt9__U_l_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!|





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|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|





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|AccountingDate|3lDecomber2021<br>Li|3lDecember 2020|
|---|---|---|
|Balanceshectliabilityaty€arstart<br>Minus deficiency contibutionspaid<br>lnterestcost(r€cognisedinSoFA)|21,526<br>(3,695)<br>79|33,708<br>(3,631)<br>555|
|Remainingchange to the batancesheetliabiliry<br>(recognisedinSoFA)<br>Balancesheerliabilityatyearend|-j:)<br>I7,300|_(:,t*)<br>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|



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## 

|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|<br>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|





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|DETAILEDSTATEMENTOFFIN<br>FORTEE YEARENDED31ST|ANCIALACTIVITIES<br> 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||,374|
|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|