## **STOCKSFIELD BAPTIST CHURCH** ## **Report & Accounts 2021** ## **References and administrative details Registered Ad** d **ress** Main Road, Stocksfield Northumberland Charity Registration Number 1182577 ## **Trustees** Mr P Jorysz (Minister) Mr K Frost (Secretary) Mrs J Donaldson (Deacon) Mr R Donaldson (Deacon) Mrs L Hodgson (Deacon) Mr D Hutton (Deacon) Mrs D Hutton (Treasurer) Mr T Knight (Deacon) The following trustee completed their term of office during 2021. Mr N Parker (Treasurer) ## **Property Trustees** The Baptist Union Corporation Limited Baptist House, 129 Broadway, Didcot, Oxfordshire OX11 8RT ## **Bankers** Lloyds Bank Whickham ## **Independent Examiner** Heritage Accountancy Prudhoe The trustees present their Annual Report and financial statements for 2021. ## **Structure, Governance and Management** The Charity is governed by an Approved Governing Document. Members of the Church are accepted in accordance with the Constitution which requires them to be or to have been publicly baptised on the profession of faith in Jesus Christ or following other modes of baptism to renew their public profession of faith in Jesus Christ. The members Meeting normally takes place five times per year and has responsibility for the overall policy of the church. In accordance with the Constitution, the members appoint up to six Trustees, who together with the Minister, Church Secretary and Treasurer (who are also appointed by the Members), are responsible for the day to day running of the church’s work and witness, and the financial and legal aspects of the charity. All members are encouraged to take an appropriate part in the spiritual and practical tasks involved in the furtherance of the charitable objective. Relevant matters may be submitted to the Church meeting by the Trustees for guidance or may be raised by members in Church meeting for further consideration by the Trustees. Though the Constitution permits decisions to be made at Church meetings by appropriate majorities, the Church seeks to work by consensus wherever possible. During the Coronavirus pandemic all church meetings have continued utilising Zoom, often with increased attendance governance has been maintained in accordance with the constitution. ## **Objectives and Activities** The principal purpose of the charity is the advancement of the Christian faith according to the principles of the Baptist denomination to include the advancement of education, community service and such other general charitable purposes in such parts of the United Kingdom and the world as the Church shall determine. In order to achieve the principal objective, which is set out above, the Church provides a variety of activities both to its membership and to the community generally. The aim is to show the love of Jesus Christ in both word and deed and to bring people into a closer relationship with Him as living Lord. Central to the work and witness of the Church is the provision of regular public services of Christian worship. These services take place each Sunday at 10.00 am. There are also occasional services at other times which are advertised on the Church Notice Board and the website at stocksfieldbaptistchurch.net. There is a full children’s programme during the morning services. The church seeks to be a friendly and welcoming community, and anybody is free to attend any of these services. The church runs a series of house groups for the growth of faith and discipleship in the homes of some members, and further details of these can be obtained from the Trustees on request, or at the Sunday services of worship. The church is responsible for a ‘Stay and Play’ Toddler Group which meets in the Church premises on Tuesday mornings, with the purpose of assisting the community and demonstrating the love of Jesus Christ. From time to time the Church runs courses in parenting, and courses for people interested in discovering more about Christianity, entitled ‘Jigsaw’ and ‘Alpha’. The Church runs various events for Young People. The Youth Coordinator and an Ecumenical Group provide a witness and service in local schools. The Church works with local ecumenical groups in various community projects including Holiday Club. The church operates systems to ensure that all people working with children and vulnerable adults are appropriately vetted with regard to the Disclosure and Barring Service. The church gives 10% of it’s income to charitable organisations as shown in the accounts. The church has read the Charity Commission guidance on public benefit and is satisfied that the activities outlined above clearly demonstrate that the charity is providing a benefit to the public. ## **Achievements and Performance** During the Coronavirus pandemic the achievements and performance noted below were impacted to varying degrees. Zoom was utilised extensively and, where possible, there were some meetings held at church especially for children and youth. The activity most affected was Stay and Play, but this restarted mid-year and is thriving. The Church does not only measure the success of its programmes in numbers, including financial numbers, but also less tangible areas like fellowship and encouragement. The Trustees recognise that these are difficult to measure, but believe that 2021 was a positive year in the life of the church, and that it will be able to pursue its mission purposes in 2022 with renewed enthusiasm. One church member died during the year, and two moved to other churches in different parts of the country. At 31 December 2021 the membership stood at sixty-two. Average attendance at worship services has remained stable during the year, and children’s work and youth work has been maintained for much of the year, face to face. The annual Holiday Club was also held in October. Stay & Play Group resumed in mid-2021 as part of our service to the local community. ## **Financial Review** The Church continues to raise the funds which it needs to carry on its activities from within its own membership and congregation. No wider public appeal was made for funds during the year. The most significant expense relates to the ministry of the P Jorysz as Minister of the Church, to lead and co-ordinate the church’s activities including the Sunday Services, to provide pastoral care for the congregation and other people, and to equip and encourage the membership in their life, Christian witness and service. Ministry expense also includes T Knight Youth Coordinator who leads youth work and outreach into schools. During 2021 and for 2022 the church is also supporting the training of a new Baptist Minister. The Church expressed its part in the life of the wider church by making grants to national and international Christian organisations and societies with Christian aims and objectives compatible with the church’s own charitable purpose. The Church is heavily dependent on its membership working as volunteers in all aspects of the church’s activities, many of which run with little or no impact on the church’s expenditure, but nevertheless contribute substantially to the achievement of the church’s objectives. The financial results for the year, together with a summary of the accounting policies adopted are set out in the accompanying financial statements. The Coronavirus pandemic has had no significant impact on income and additional costs have broadly been offset by savings. Ministerial training of £9321 was funded from reserves and additional giving. The Trustees recognise that giving is currently below levels required to cover our commitment to ministry but reserves more than cover any projected shortfall and this will be kept under review to ensure continued financial viability. The church is a participating employer within the Defined Benefit section of the Baptist Pension scheme and has been making ongoing deficit payments to cover the costs of past service of its employees within the scheme under a recovery plan. The church understands that if it had left the scheme at the year-end, it would have to have made a one-off payment estimated to be £34,300 to meet its statutory obligations to the scheme. The church has no plan to leave the scheme and expects to continue to make payments to the scheme in line with the recovery plan. ## **Reserves Policy** The reserves policy of Stocksfield Baptist Church is to hold three months of all expenditure plus a further three months staff costs to allow the church to adapt to any changes in the income or expenditure of the church. Having considered the relevant risks of changes in income and expenditure, the Trustees have determined that the appropriate level of reserves is in the range £36,000 to £38,000. As at 31 December 2021, the church held total reserves of £68,718 of which zero were restricted and £12,589 designated. Reserves that were neither restricted nor designated amounted to £56,129. The church is currently progressing a project to provide a new entrance with disabled access and toilet to be funded from special appeal and any available grants. ## **STOCKSFIELD BAPTIST CHURCH FINANCIAL STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2021 GENERAL RECEIPTS & PAYMENTS ACCOUNT** |**Note**
**Receipts**
Offerings
Donations and other income
2
Income tax recovered on gifts
Investment Income
3
Rents and contributions for use of premises
Raised for other causes
4
**Total Receipts**
**Payments**
Ministry
5
Mission
6
Upkeep of church premises
7
Administration
8
Amounts passed on to other causes
**Total Payments**
**Net receipts / (payments) for the year**
**Transfers to / (from) general fund**
**Cash balance at previous year end**
**Cash balance at current year end**|**2021**
63306
4277
12704
8
9098
0
**89393**
(66,731)
(13,172)
(11,504)
(4,499)
0
**(95,906)**
(6,513)
**0**
**62642**
**56129**|**2020**
60877
2768
13253
30
9750
0| |---|---|---| |||**86678**
(54,384)
(12,800)
(12,563)
(8,610)
0| |||**(88,357)**
(1,679)
**0**
**64321**
**62642**| |**PROPERTY FUND RECEIPTS & PAYMENTS ACCOUNT**
**Note**
**2021**
**Receipts**
Offerings
7940
Income Tax Recovered on Gifts
735
**Total Receipts**
8675
**Payments**
Repairs
(6,858)
Improvements
(6,768)
**Total Payments**
**(13,626)**
**Net receipts / (payments) for the year**
**(4,951)**
**Transfers to / (from) general fund**
**0**
**Cash balance at previous year end**
**17400**
**Cash balance at current year end**
**12449**
**FAMILY FUND RECEIPTS & PAYMENTS ACCOUNT**
**Note**
**2021**
**Receipts**
Donations
0
**Total Receipts**
0
**Payments**
Contributions
(570)
**Total Payments**
**(570)**
**Net receipts / (payments) for the year**
**(570)**
**Transfers to / (from) general fund**
**0**
**Cash balance at previous year end**
**710**
**Cash balance at current year end**
**140**
**CHRISTIANS AGAINST POVERTY FUND RECEIPTS & PAYMENTS ACCOUNT**
**Note**
**2021**
**Receipts**
Donations
0
**Total Receipts**
0
**Payments**
CAP Subscriptions
0
Expenses
0
**Total Payments**
**0**
**Net receipts / (payments) for the year**
**0**|**2020**
3640
923| |---|---| ||4563
(4,493)
(690)| ||**(5,183)**
**(620)**
**0**
**18020**
**17400**| ||**2020**
0| ||0
(315)| ||**(315)**
**(315)**
**0**
**1025**
**710**| ||**2020**
0| ||0
(552)| ||**(552)**
**(552)**| |**Transfers to / (from) general fund**
**0**
**Cash balance at previous year end**
**0**
**Cash balance at current year end**
**0**
**STATEMENT OF ASSETS AND LIABILITIES AT 31 DECEMBER 2021**
**Note**
**2021**
**Assets**
Bank and other cash balances
Petty Cash
0
Loyds Bank Current Account
761
Loyds Bank Deposit Account
67958
Other monetary assets
Debtors
0
Loans made
0
Gift aid claimed but not received
4555
Investment Assets
9
0
Assets Held for Church's own use
10
2176541
**Total Assets**
**2249815**
**Liabilities**
Current Liabilities
11
(1,341)
Long Term Loans
12
0
Pension Scheme Liability
13
(18,749)
Other Liabilities
14
0
**Total Liabilities**
**(20,090)**|**0**
**552**
**0**| |---|---| ||**2020**
0
1802
78951
0
0
3566
0
2027119| ||**2111438**
(2,166)
0
(22,172)
0| ||**(24,338)**| The accounts and statement of assets and liabilities set out on pages (1 & 3) relating to the year ending 31st December 2021 are as approved by the Deacons. Signed: Kevin Frost - Secretary Dorothy Hutton - Treasurer Date: 1st March 2022 ## **NOTES TO THE ACCOUNTS** ## **1. Basis of accounts** These accounts have been prepared on a'receipts and payments' basis and in accordance with Section 133 Charities Act 2011 ## **2. Donations and other income** |Donations
Legacies
Memorial gifts
Mission Activities:
Church Weekend
Old people's Lunch club
Romania
Mum's & Toddler's group
Youth Work
Other income
**Total Donations and Other Income**
**3. Investment Income**
Bank Interest
Trust Income
Other Investment Income
**Total Investment Income**
**4. Raised for other causes**
Christian Aid
Open Doors
Marie Curie
**Total Raised for other causes**
**5. Ministry**
Minister's stipend
Pension contribution
Pension deficit fund
National insurance
Travel and general expenses
Manse costs
Other Ministry
**Total Ministry**|**2021**
0
0
0
3477
200
185
100
0
315
**4277**
**2021**
8
0
0
**8**
0
0
0
**0**
**2021**
(37,518)
(3,728)
(3,695)
0
(2,179)
(10,290)
(9,321)
**(66,731)**|**2020**
300
0
0
563
586
449
100
580
190| |---|---|---| |||**2768**
**2020**
30
0
0| |||**30**
0
0
0| |||**0**
**2020**
(36,416)
(3,658)
(2,724)
0
(1,656)
(9,540)
(390)| |||**(54,384)**| The Minister acts as one of the church's trustees and receives remuneration and other benefits in respect of his services as Minister, including the provision of manse accomodation rented by the church from the Minister and his spouse. Also includes the Youth Coordinator who receives remuneration and other benefits in respect of his services as Youth Coordination. Other ministry includes two years training costs for a minister in training £9321 |**6. Mission**||| |---|---|---| ||**2021**|**2020**| |Home Mission|(4,200)|(4,200)| |BMS World Mission
Peoples Kitchen
Northumberland Foodbank
Open Doors
SMILES
Uhuru
Church Weekend
Old people's Lunch club
Romania
Mum's & Toddler's group
Sunday School & Youth Work
Holiday Club
Other Mission Giving
**Total Mission**
**7. Upkeep of church premises**
Utilities
Cleaning
Insurance
Repairs & Maintenance
Other Premises
**Total Upkeep of church premises**
**8. Administration**
Telephone and intenet
Advertising and website
Subscriptions and copyright license
Equipment
Audit
PA systems
Other administration
**Total Administration**
**9. Investment Assets**
Stocks and Shares
Corporate bonds
Gilts
Investment property
Other investment assets
**Total Investment Assets**|(2,500)
(200)
(300)
(500)
(500)
(50)
(3,221)
0
(182)
(219)
(30)
0
(1,270)
**(13,172)**
**2021**
(3,166)
(3,061)
(2,256)
(3,021)
0
**(11,504)**
**2021**
(324)
(665)
(1,022)
(1,194)
(331)
0
(963)
**(4,499)**
**2021**
0
0
0
0
0
**0**|(2,500)
(200)
0
(1,000)
(500)
(600)
(563)
(161)
(471)
(68)
(956)
0
(1,581)| |---|---|---| |||**(12,800)**
**2020**
(4,436)
(3,298)
(2,195)
(2,634)
0| |||**(12,563)**
**2020**
(432)
(653)
(1,006)
(4,622)
(274)
(207)
(1,416)| |||**(8,610)**
**2020**
0
0
0
0
0| |||**0**| **10. Assets Held for the Church's own use** The church is the beneficial owner (subject to relevant trusts) of the following assets, the legal title to which is held by the church's custodian trustee (The Baptist Union Corporation Ltd): - Church building at Main Road, Stocksfield, Northumberland valued in the accounts at £1,964,960 based on insured value - Church manse at 22 Birkdene, Stocksfield, Nothumberland valued in the accounts at £111,455 based on insured value The church also owns fixtures, furniture and equipment with ans insured value of £100,126 based on insured value ## **11. Current Liabilities** |**11. Current Liabilities**||| |---|---|---| |Open Doors
HMRC Tax
Utilities
Ministers Expenses
Cheques written but not cashed
Other current liabilities
**Total Current Liabilities**
**12. Long-Term Liabilities**
Baptist Building Fund Loan
Baptist Union Loan Fund Loan
Loans from Church Member's
Other
**Total Long-Term Liabilities**|**2021**
0
(1,025)
0
(316)
0
0
**(1,341)**
**2021**
0
0
0
0
**0**|**2020**
0
(1,120)
(546)
(500)
0
0| |||**(2,166)**
**2020**
0
0
0
0| |||**0**| ## **13. Pension Scheme Liabilities** The Church is a participating employer the Baptist Pension Scheme (“the Scheme”), which is a separate legal entity administered by the Pension Trustee (Baptist Pension Trust Limited). The assets of the Scheme are held separately from those of the Employer and the other participating employers. The Scheme, previously known as the Baptist Ministers’ Pension Fund, started in 1925, but was closed to future accrual of defined benefits on 31 December 2011. Prior to this date the main benefit provided through the Defined Benefit (DB) Plan was a pension of one eightieth of final minimum pensionable income for each year of pensionable service together with additional pension in respect of premiums paid on Pensionable Income in excess of Minimum Pensionable Income. Since 1 January 2012, benefits have been provided through a Defined Contribution (DC) Plan. A formal valuation of the DB Plan as at 31 December 2019 by a professionally qualified Actuary using the Projected Unit Method. At the valuation date the market value of the DB Plan assets was £298 million, whilst the level of assets needed to pay benefits was £316m, giving a deficit of £18m (equivalent to a past service funding level of 94%). The Church and the other participating employers in the DB Plan are collectively responsible for funding this deficit. The next actuarial valuation of the DB Plan within the Scheme is due to take place not later than as at 31 December 2022. Under the Schedule of Contributions, the church makes a monthly payment in respect of the DB scheme deficit, currently £312.48, which will increase in line with increases in Minimum Pensionable Income. The Schedule of Contributions foresees these contributions continuing until June 2026. The pension scheme liability shown in the Statement of Assets and liabilities is calculated as the current rate per month multiplied by the number of months remaining in the current Schedule of Contributions, which amounted to £18749 as at 31st December 2021. The Church has been advised that the estimated cost for the church to buyout their Pension Scheme liabilities at [31 December 2021] was £34300. 14. Other Liabilities (if applicable) ## **STOCKSFIELD BAPTIST CHURCH** ## **Report & Accounts 2021** ## **References and administrative details Registered Ad** d **ress** Main Road, Stocksfield Northumberland Charity Registration Number 1182577 ## **Trustees** Mr P Jorysz (Minister) Mr K Frost (Secretary) Mrs J Donaldson (Deacon) Mr R Donaldson (Deacon) Mrs L Hodgson (Deacon) Mr D Hutton (Deacon) Mrs D Hutton (Treasurer) Mr T Knight (Deacon) The following trustee completed their term of office during 2021. Mr N Parker (Treasurer) ## **Property Trustees** The Baptist Union Corporation Limited Baptist House, 129 Broadway, Didcot, Oxfordshire OX11 8RT ## **Bankers** Lloyds Bank Whickham ## **Independent Examiner** Heritage Accountancy Prudhoe The trustees present their Annual Report and financial statements for 2021. ## **Structure, Governance and Management** The Charity is governed by an Approved Governing Document. Members of the Church are accepted in accordance with the Constitution which requires them to be or to have been publicly baptised on the profession of faith in Jesus Christ or following other modes of baptism to renew their public profession of faith in Jesus Christ. The members Meeting normally takes place five times per year and has responsibility for the overall policy of the church. In accordance with the Constitution, the members appoint up to six Trustees, who together with the Minister, Church Secretary and Treasurer (who are also appointed by the Members), are responsible for the day to day running of the church’s work and witness, and the financial and legal aspects of the charity. All members are encouraged to take an appropriate part in the spiritual and practical tasks involved in the furtherance of the charitable objective. Relevant matters may be submitted to the Church meeting by the Trustees for guidance or may be raised by members in Church meeting for further consideration by the Trustees. Though the Constitution permits decisions to be made at Church meetings by appropriate majorities, the Church seeks to work by consensus wherever possible. During the Coronavirus pandemic all church meetings have continued utilising Zoom, often with increased attendance governance has been maintained in accordance with the constitution. ## **Objectives and Activities** The principal purpose of the charity is the advancement of the Christian faith according to the principles of the Baptist denomination to include the advancement of education, community service and such other general charitable purposes in such parts of the United Kingdom and the world as the Church shall determine. In order to achieve the principal objective, which is set out above, the Church provides a variety of activities both to its membership and to the community generally. The aim is to show the love of Jesus Christ in both word and deed and to bring people into a closer relationship with Him as living Lord. Central to the work and witness of the Church is the provision of regular public services of Christian worship. These services take place each Sunday at 10.00 am. There are also occasional services at other times which are advertised on the Church Notice Board and the website at stocksfieldbaptistchurch.net. There is a full children’s programme during the morning services. The church seeks to be a friendly and welcoming community, and anybody is free to attend any of these services. The church runs a series of house groups for the growth of faith and discipleship in the homes of some members, and further details of these can be obtained from the Trustees on request, or at the Sunday services of worship. The church is responsible for a ‘Stay and Play’ Toddler Group which meets in the Church premises on Tuesday mornings, with the purpose of assisting the community and demonstrating the love of Jesus Christ. From time to time the Church runs courses in parenting, and courses for people interested in discovering more about Christianity, entitled ‘Jigsaw’ and ‘Alpha’. The Church runs various events for Young People. The Youth Coordinator and an Ecumenical Group provide a witness and service in local schools. The Church works with local ecumenical groups in various community projects including Holiday Club. The church operates systems to ensure that all people working with children and vulnerable adults are appropriately vetted with regard to the Disclosure and Barring Service. The church gives 10% of it’s income to charitable organisations as shown in the accounts. The church has read the Charity Commission guidance on public benefit and is satisfied that the activities outlined above clearly demonstrate that the charity is providing a benefit to the public. ## **Achievements and Performance** During the Coronavirus pandemic the achievements and performance noted below were impacted to varying degrees. Zoom was utilised extensively and, where possible, there were some meetings held at church especially for children and youth. The activity most affected was Stay and Play, but this restarted mid-year and is thriving. The Church does not only measure the success of its programmes in numbers, including financial numbers, but also less tangible areas like fellowship and encouragement. The Trustees recognise that these are difficult to measure, but believe that 2021 was a positive year in the life of the church, and that it will be able to pursue its mission purposes in 2022 with renewed enthusiasm. One church member died during the year, and two moved to other churches in different parts of the country. At 31 December 2021 the membership stood at sixty-two. Average attendance at worship services has remained stable during the year, and children’s work and youth work has been maintained for much of the year, face to face. The annual Holiday Club was also held in October. Stay & Play Group resumed in mid-2021 as part of our service to the local community. ## **Financial Review** The Church continues to raise the funds which it needs to carry on its activities from within its own membership and congregation. No wider public appeal was made for funds during the year. The most significant expense relates to the ministry of the P Jorysz as Minister of the Church, to lead and co-ordinate the church’s activities including the Sunday Services, to provide pastoral care for the congregation and other people, and to equip and encourage the membership in their life, Christian witness and service. Ministry expense also includes T Knight Youth Coordinator who leads youth work and outreach into schools. During 2021 and for 2022 the church is also supporting the training of a new Baptist Minister. The Church expressed its part in the life of the wider church by making grants to national and international Christian organisations and societies with Christian aims and objectives compatible with the church’s own charitable purpose. The Church is heavily dependent on its membership working as volunteers in all aspects of the church’s activities, many of which run with little or no impact on the church’s expenditure, but nevertheless contribute substantially to the achievement of the church’s objectives. The financial results for the year, together with a summary of the accounting policies adopted are set out in the accompanying financial statements. The Coronavirus pandemic has had no significant impact on income and additional costs have broadly been offset by savings. Ministerial training of £9321 was funded from reserves and additional giving. The Trustees recognise that giving is currently below levels required to cover our commitment to ministry but reserves more than cover any projected shortfall and this will be kept under review to ensure continued financial viability. The church is a participating employer within the Defined Benefit section of the Baptist Pension scheme and has been making ongoing deficit payments to cover the costs of past service of its employees within the scheme under a recovery plan. The church understands that if it had left the scheme at the year-end, it would have to have made a one-off payment estimated to be £34,300 to meet its statutory obligations to the scheme. The church has no plan to leave the scheme and expects to continue to make payments to the scheme in line with the recovery plan. ## **Reserves Policy** The reserves policy of Stocksfield Baptist Church is to hold three months of all expenditure plus a further three months staff costs to allow the church to adapt to any changes in the income or expenditure of the church. Having considered the relevant risks of changes in income and expenditure, the Trustees have determined that the appropriate level of reserves is in the range £36,000 to £38,000. As at 31 December 2021, the church held total reserves of £68,718 of which zero were restricted and £12,589 designated. Reserves that were neither restricted nor designated amounted to £56,129. The church is currently progressing a project to provide a new entrance with disabled access and toilet to be funded from special appeal and any available grants. ## **STOCKSFIELD BAPTIST CHURCH FINANCIAL STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2021 GENERAL RECEIPTS & PAYMENTS ACCOUNT** |**Note**
**Receipts**
Offerings
Donations and other income
2
Income tax recovered on gifts
Investment Income
3
Rents and contributions for use of premises
Raised for other causes
4
**Total Receipts**
**Payments**
Ministry
5
Mission
6
Upkeep of church premises
7
Administration
8
Amounts passed on to other causes
**Total Payments**
**Net receipts / (payments) for the year**
**Transfers to / (from) general fund**
**Cash balance at previous year end**
**Cash balance at current year end**|**2021**
63306
4277
12704
8
9098
0
**89393**
(66,731)
(13,172)
(11,504)
(4,499)
0
**(95,906)**
(6,513)
**0**
**62642**
**56129**|**2020**
60877
2768
13253
30
9750
0| |---|---|---| |||**86678**
(54,384)
(12,800)
(12,563)
(8,610)
0| |||**(88,357)**
(1,679)
**0**
**64321**
**62642**| |**PROPERTY FUND RECEIPTS & PAYMENTS ACCOUNT**
**Note**
**2021**
**Receipts**
Offerings
7940
Income Tax Recovered on Gifts
735
**Total Receipts**
8675
**Payments**
Repairs
(6,858)
Improvements
(6,768)
**Total Payments**
**(13,626)**
**Net receipts / (payments) for the year**
**(4,951)**
**Transfers to / (from) general fund**
**0**
**Cash balance at previous year end**
**17400**
**Cash balance at current year end**
**12449**
**FAMILY FUND RECEIPTS & PAYMENTS ACCOUNT**
**Note**
**2021**
**Receipts**
Donations
0
**Total Receipts**
0
**Payments**
Contributions
(570)
**Total Payments**
**(570)**
**Net receipts / (payments) for the year**
**(570)**
**Transfers to / (from) general fund**
**0**
**Cash balance at previous year end**
**710**
**Cash balance at current year end**
**140**
**CHRISTIANS AGAINST POVERTY FUND RECEIPTS & PAYMENTS ACCOUNT**
**Note**
**2021**
**Receipts**
Donations
0
**Total Receipts**
0
**Payments**
CAP Subscriptions
0
Expenses
0
**Total Payments**
**0**
**Net receipts / (payments) for the year**
**0**|**2020**
3640
923| |---|---| ||4563
(4,493)
(690)| ||**(5,183)**
**(620)**
**0**
**18020**
**17400**| ||**2020**
0| ||0
(315)| ||**(315)**
**(315)**
**0**
**1025**
**710**| ||**2020**
0| ||0
(552)| ||**(552)**
**(552)**| |**Transfers to / (from) general fund**
**0**
**Cash balance at previous year end**
**0**
**Cash balance at current year end**
**0**
**STATEMENT OF ASSETS AND LIABILITIES AT 31 DECEMBER 2021**
**Note**
**2021**
**Assets**
Bank and other cash balances
Petty Cash
0
Loyds Bank Current Account
761
Loyds Bank Deposit Account
67958
Other monetary assets
Debtors
0
Loans made
0
Gift aid claimed but not received
4555
Investment Assets
9
0
Assets Held for Church's own use
10
2176541
**Total Assets**
**2249815**
**Liabilities**
Current Liabilities
11
(1,341)
Long Term Loans
12
0
Pension Scheme Liability
13
(18,749)
Other Liabilities
14
0
**Total Liabilities**
**(20,090)**|**0**
**552**
**0**| |---|---| ||**2020**
0
1802
78951
0
0
3566
0
2027119| ||**2111438**
(2,166)
0
(22,172)
0| ||**(24,338)**| The accounts and statement of assets and liabilities set out on pages (1 & 3) relating to the year ending 31st December 2021 are as approved by the Deacons. Signed: Kevin Frost - Secretary Dorothy Hutton - Treasurer Date: 1st March 2022 ## **NOTES TO THE ACCOUNTS** ## **1. Basis of accounts** These accounts have been prepared on a'receipts and payments' basis and in accordance with Section 133 Charities Act 2011 ## **2. Donations and other income** |Donations
Legacies
Memorial gifts
Mission Activities:
Church Weekend
Old people's Lunch club
Romania
Mum's & Toddler's group
Youth Work
Other income
**Total Donations and Other Income**
**3. Investment Income**
Bank Interest
Trust Income
Other Investment Income
**Total Investment Income**
**4. Raised for other causes**
Christian Aid
Open Doors
Marie Curie
**Total Raised for other causes**
**5. Ministry**
Minister's stipend
Pension contribution
Pension deficit fund
National insurance
Travel and general expenses
Manse costs
Other Ministry
**Total Ministry**|**2021**
0
0
0
3477
200
185
100
0
315
**4277**
**2021**
8
0
0
**8**
0
0
0
**0**
**2021**
(37,518)
(3,728)
(3,695)
0
(2,179)
(10,290)
(9,321)
**(66,731)**|**2020**
300
0
0
563
586
449
100
580
190| |---|---|---| |||**2768**
**2020**
30
0
0| |||**30**
0
0
0| |||**0**
**2020**
(36,416)
(3,658)
(2,724)
0
(1,656)
(9,540)
(390)| |||**(54,384)**| The Minister acts as one of the church's trustees and receives remuneration and other benefits in respect of his services as Minister, including the provision of manse accomodation rented by the church from the Minister and his spouse. Also includes the Youth Coordinator who receives remuneration and other benefits in respect of his services as Youth Coordination. Other ministry includes two years training costs for a minister in training £9321 |**6. Mission**||| |---|---|---| ||**2021**|**2020**| |Home Mission|(4,200)|(4,200)| |BMS World Mission
Peoples Kitchen
Northumberland Foodbank
Open Doors
SMILES
Uhuru
Church Weekend
Old people's Lunch club
Romania
Mum's & Toddler's group
Sunday School & Youth Work
Holiday Club
Other Mission Giving
**Total Mission**
**7. Upkeep of church premises**
Utilities
Cleaning
Insurance
Repairs & Maintenance
Other Premises
**Total Upkeep of church premises**
**8. Administration**
Telephone and intenet
Advertising and website
Subscriptions and copyright license
Equipment
Audit
PA systems
Other administration
**Total Administration**
**9. Investment Assets**
Stocks and Shares
Corporate bonds
Gilts
Investment property
Other investment assets
**Total Investment Assets**|(2,500)
(200)
(300)
(500)
(500)
(50)
(3,221)
0
(182)
(219)
(30)
0
(1,270)
**(13,172)**
**2021**
(3,166)
(3,061)
(2,256)
(3,021)
0
**(11,504)**
**2021**
(324)
(665)
(1,022)
(1,194)
(331)
0
(963)
**(4,499)**
**2021**
0
0
0
0
0
**0**|(2,500)
(200)
0
(1,000)
(500)
(600)
(563)
(161)
(471)
(68)
(956)
0
(1,581)| |---|---|---| |||**(12,800)**
**2020**
(4,436)
(3,298)
(2,195)
(2,634)
0| |||**(12,563)**
**2020**
(432)
(653)
(1,006)
(4,622)
(274)
(207)
(1,416)| |||**(8,610)**
**2020**
0
0
0
0
0| |||**0**| **10. Assets Held for the Church's own use** The church is the beneficial owner (subject to relevant trusts) of the following assets, the legal title to which is held by the church's custodian trustee (The Baptist Union Corporation Ltd): - Church building at Main Road, Stocksfield, Northumberland valued in the accounts at £1,964,960 based on insured value - Church manse at 22 Birkdene, Stocksfield, Nothumberland valued in the accounts at £111,455 based on insured value The church also owns fixtures, furniture and equipment with ans insured value of £100,126 based on insured value ## **11. Current Liabilities** |**11. Current Liabilities**||| |---|---|---| |Open Doors
HMRC Tax
Utilities
Ministers Expenses
Cheques written but not cashed
Other current liabilities
**Total Current Liabilities**
**12. Long-Term Liabilities**
Baptist Building Fund Loan
Baptist Union Loan Fund Loan
Loans from Church Member's
Other
**Total Long-Term Liabilities**|**2021**
0
(1,025)
0
(316)
0
0
**(1,341)**
**2021**
0
0
0
0
**0**|**2020**
0
(1,120)
(546)
(500)
0
0| |||**(2,166)**
**2020**
0
0
0
0| |||**0**| ## **13. Pension Scheme Liabilities** The Church is a participating employer the Baptist Pension Scheme (“the Scheme”), which is a separate legal entity administered by the Pension Trustee (Baptist Pension Trust Limited). The assets of the Scheme are held separately from those of the Employer and the other participating employers. The Scheme, previously known as the Baptist Ministers’ Pension Fund, started in 1925, but was closed to future accrual of defined benefits on 31 December 2011. Prior to this date the main benefit provided through the Defined Benefit (DB) Plan was a pension of one eightieth of final minimum pensionable income for each year of pensionable service together with additional pension in respect of premiums paid on Pensionable Income in excess of Minimum Pensionable Income. Since 1 January 2012, benefits have been provided through a Defined Contribution (DC) Plan. A formal valuation of the DB Plan as at 31 December 2019 by a professionally qualified Actuary using the Projected Unit Method. At the valuation date the market value of the DB Plan assets was £298 million, whilst the level of assets needed to pay benefits was £316m, giving a deficit of £18m (equivalent to a past service funding level of 94%). The Church and the other participating employers in the DB Plan are collectively responsible for funding this deficit. The next actuarial valuation of the DB Plan within the Scheme is due to take place not later than as at 31 December 2022. Under the Schedule of Contributions, the church makes a monthly payment in respect of the DB scheme deficit, currently £312.48, which will increase in line with increases in Minimum Pensionable Income. The Schedule of Contributions foresees these contributions continuing until June 2026. The pension scheme liability shown in the Statement of Assets and liabilities is calculated as the current rate per month multiplied by the number of months remaining in the current Schedule of Contributions, which amounted to £18749 as at 31st December 2021. The Church has been advised that the estimated cost for the church to buyout their Pension Scheme liabilities at [31 December 2021] was £34300. 14. Other Liabilities (if applicable) CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of stocksfield Baptist Church On accounts for the year ended 3151 December 2021 Charity no lif any) 1182577 Set out on pages 4-10 I report to the trustees on my examination of the accounts of the above charity [￿he Trust I for the year ended 3111212021. Responsibilities and As the charity trustees of the Trust, you are responsible foT the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 {"the Act.). I report in respecl of my examinalion of the Trust's accounts carried out under section 145 of the 2011 Acl and in carying out my examination, I have followed the applicable Directions given by the Charity Commission under seclion 14515}{bl of the Act. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect.. accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records Indopendent examiner's statement I have no COn￿rnS and have come across no other matters in connection wilh the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed: Date: 202 Name: Lorna Copple Relevant professional qualification(sl or body {5f any): FCCA Address: Heritage Accountancy Lld 76 Front Street, Prudhoe Northumberland, NE42 SPU Section B Disclosure Only complete if the examiner needs to highlight matters of concern (see CC32, Independenl examination of charity accounts.. directions and guidance for examiners). IER October 2018 GSve here brief details of any Items thatthe examiner wishes to disclose. IER October 2018