REGISTERED CHARITY NUMBER: 1182820
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2021
for
SURBITON NEW LIFE BAPTIST CHURCH
Ark Accountancy Chartered Certified Accountant 31 Cheam Road Epsom Surrey KT17 1QX
SURBITON NEW LIFE BAPTIST CHURCH
Contents of the Financial Statements for the Year Ended 31 March 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 5 |
| Independent Examiner's Report | 6 | ||
| Statement of Financial Activities | 7 | ||
| Balance Sheet | 8 | ||
| Notes to the Financial Statements | 9 | to | 16 |
| Detailed Statement of Financial Activities | 17 | to | 18 |
SURBITON NEW LIFE BAPTIST CHURCH
Report of the Trustees
for the Year Ended 31 March 2021
Surbiton New Life Baptist Church operated as an unregistered charity until 4.4.19, governed by the rules of the London Baptist Association. It was registered as a CIO (charitable incorporated organisation) from 5.4.19. The charity reference is 1182820.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The purpose of Surbiton New Life Baptist Church CIO is the advancement of the Christian faith in accordance to the principles of the Baptist denomination. In addition, Surbiton New Life Baptist Church advances education and carries out other charitable purposes in the United Kingdom and/or other parts of the world. The CIO was set up with the intention to transfer off all of the activities, assets, and liabilities of the existing unincorporated Surbiton New Life Baptist Church to Surbiton New Life Baptist Church CIO.
Page 1
SURBITON NEW LIFE BAPTIST CHURCH
Report of the Trustees
for the Year Ended 31 March 2021
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The period between September 2020 till date has been a challenging time in the life of the church as the lockdown due to the Covid 19 pandemic has brought about some drastic changes in the way we do church and reach out to one another and the wider community. Following the recent lock down, most of the activities of the church were put on hold and only a few were held online via Zoom. This platform has been effective as all the church members have been able to log on to join in the services. We have been blessed with friends and families joining in from various parts of the world (India, U.S.A., Ghana, and other parts of the UK).
Mission/Evangelism
As a church we have been in partnership with the Baptist Mission Society and have been contributing financially to the missions abroad. We also contribute to the mission through our birthday donations which are collected and forwarded to the BMS.
We have also set up a monthly contribution to the New Generation mission in Romania, which aims to present the gospel to the youth in Romania and it is headed by Iulian and supported by other churches and ministers. Iulian has taken a number of missionary trips to Romania within this period and his recent trip saw hundreds of people attend the conference he hosted and some accepting Jesus as their Lord and being baptised.
With regards to evangelism, the church has not done much as plans for the year regarding outreach was put on hold due to the COVID 19 lock down. Although we have not been able to go out and evangelise, we have had a couple of people join us for our services and have been blessed by the various ministries here. Presently, I am conducting a survey with some members of the church to find ways by which we can reach out to our community in an effective and efficient way. The easing of the lockdown has been a welcome news for us as we can begin reaching out to many in a face-to-face basis.
Prayer
We as a church have entered into a phase where we are praying more. Some may say the lockdown has been a blessing in disguise but we believe everything happens for God's purposes to be accomplished. We have continued with our Wednesday and Friday prayer meetings at 7pm on Zoom and have introduced a face-to-face prayer meeting at the church premises on Wednesday morning from 10:30 to 12 noon since March of 2021. Many members who will usually not pray openly have been enjoying the sessions and have been praying out during the meetings. We have also had people from outside the church (unknown to any of the members) join us for the prayer sessions as well as some friend family. We have seen an increase in the number of people in these prayer sessions and have been encouraged by the testimonies we share on answered prayers. People have also visited the church premises on various days for private prayers.
Bible Studies
Plans to start a Bible study were made but due to the lockdown, this was also put on hold and hopefully will begin in January 2022. The studies will be on "Sharing Your Faith" which is a workshop designed by Evangelism Explosion to help Christians share their faith with the world around them. Materials for these studies have been purchased and, in a sense, this study is aimed at helping us to gain confidence and seizing every opportunity to share the gospel as a church. Further to this, we will continue studying the scriptures on a weekly basis as we do with the prayer sessions.
Music Team
As with most of the other ministries in the church, the Music have not been able to continue with their rehearsal due to the lockdown. Moreover, as singing was not permitted during our services, this has been a cause for the team not to be meeting for rehearsal. As the lockdown has been eased and people have started coming to the church premises for service, there has been talks for the music team to start rehearsing and ministering during service.
The Lighthouse (Young Adults)
Page 2
SURBITON NEW LIFE BAPTIST CHURCH
Report of the Trustees
for the Year Ended 31 March 2021
The Young Adults' meetings continued on Zoom throughout the lockdown and are held on Sundays from 3.30pm in the afternoon. The group has had few people join in for their studies and are constantly in touch with each other through their WhatsApp platform where they share inspirational messages with each other and also prayer points each week. Three of the young adults who have been very instrumental in organising their activities have moved from the locality, so they do not join the group any longer. One other person has also been employed by the Haas F1 team and has moved to Banbury, but she continues to fellowship with the team and has been leading as well. I and a Deacon/Trustee also join this group to support them in their studies.
Youth/ Children
The Youth and children ministry were going well up until the lock down. Efforts were made by their teachers to have meetings online via zoom but it proved difficult as the children spend a lot of time doing schoolwork online and adding the Friday meeting became too much for them hence the meeting has been put on hold. We do have some of them joining the Sunday services and we are expecting Sunday school to start soon as the lockdown has been eased.
Men's Meeting
The men of the church have continued with their fellowship in via zoom and have been able to complete a number of studies in the Bible. They recently finished with the study of the book of revelation and had their first face-to-face breakfast meeting at the church premises before they took a break for the summer holidays. So far there are seven regular attendees to the Saturday morning meeting
Balaclava Road
The premises was shut down to all hirers during the lockdown but has been open again to the hirers after the easing of the lockdown. DDCC stopped using the premises in January 2021, but Lagoinha church still fellowships there on Saturdays. The Well has not started because of the lockdown and also not enough volunteers to support.
Pastoral Care
We have had individual members being ill and some being admitted to the hospitals but God has been good to us and many have recovered fully and other are still responding to treatment. A lot of thanks goes to the Pastoral Care team who have been in regular support to all those going through challenging times and ill-health. Also, I am aware of some individuals who go out of their way to help others who need help and are much appreciated. We continue praying for the full recovery of those who are still unwell.
Security
We have kept the security of both Balaclava and Langley Road running although we have had a couple of times that the alarm at Balaclava has been triggered but nothing adverse has occurred.
MANSE
The manse has been refurbished for me and the family. We moved in in May and so far, everything is going well.
FINANCIAL REVIEW
Reserves policy
It is the opinion of the Charity Trustees that there are sufficient reserves to maintain on-going operations. The trustees have complied with the duty in sections 17(5) of the 2011 Charity Act to have due regard to public benefit guidance published by the Charity Commission.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The church is controlled by its governing document, a constitution, and constitutes a charitable incorporated organisation, company number CE017081, a charity registered as a body corporate under part 11 of the Charities Act 2011. It is also governed by the rules of the London Baptist Association
Page 3
SURBITON NEW LIFE BAPTIST CHURCH
Report of the Trustees
for the Year Ended 31 March 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational structure
The pastor and deacons of the Church are the Charity Trustees and are responsible for the governance of the Church and the fulfilment of the purposes through its activities acting according to the will of God as discerned by the Church Members' meetings. The Church's organizational structure and the procedure for the appointment of the leadership are specified in the Church constitution. This constitution was approved by the Church meeting and can only be altered by a resolution of a Special Church Members' Meeting.
Wider network
Surbiton New Life Baptist Church is part of the wider network of Baptist Churches in the UK.
Risk management
The Charity Trustees are aware of the need to examine the major financial, strategic, and operational risks faced by the Church. We confirm that systems have been established so that necessary steps can be taken to manage and mitigate those risks..
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1182820
Principal address
6 Langley Road Surbiton Surrey KT6 6QJ
Trustees
Mrs A Miller Church Secretary N Jones Retired D Hankin Retired Mrs I Esler Clinical Consultant (resigned 28.5.20) Mrs C Stevenson Retired J Waters Retired Rev R Asante Pastor Mrs D C Townsley Trustee (appointed 14.6.20)
Independent Examiner
Mary E Ryan FCCA Ark Accountancy Chartered Certified Accountant 31 Cheam Road Epsom Surrey KT17 1QX
Solicitors
Anthony Collins 134 Edmund Street Birmingham B3 2ES
Minister
Rev Richard Asante
Secretary
Andrea Miller
Page 4
SURBITON NEW LIFE BAPTIST CHURCH
Report of the Trustees
for the Year Ended 31 March 2021
Approved by order of the board of trustees on 9 September 2021 and signed on its behalf by:
Mrs A Miller - Trustee
Page 5
Independent Examiner's Report to the Trustees of SURBITON NEW LIFE BAPTIST CHURCH
Independent examiner's report to the trustees of SURBITON NEW LIFE BAPTIST CHURCH
I report to the charity trustees on my examination of the accounts of SURBITON NEW LIFE BAPTIST CHURCH (the Trust) for the year ended 31 March 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mary E Ryan FCCA Ark Accountancy Chartered Certified Accountant 31 Cheam Road Epsom Surrey KT17 1QX
5 October 2021
Page 6
SURBITON NEW LIFE BAPTIST CHURCH
Statement of Financial Activities
for the Year Ended 31 March 2021
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies Investment income 2 Other income Total EXPENDITURE ON Charitable activities Property - Langley Road Property- Balaclava Road Property - Northcote Avenue Ministerial Youth & children's work Langley Road church meetings Mission/The Well Tots & Carers Fellowship Fund Refurbishment Support costs Total Net gains on investments NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds £ 76,138 20,723 - 96,861 6,370 21,256 77,474 19,443 67 849 165 - - - 47,827 173,451 529,945 453,355 2,224,766 2,678,121 |
Restricted fund £ - - - - - - - - - - - - - 4,674 - 4,674 - (4,674) 4,674 - |
31.3.21 Total funds £ 76,138 20,723 - 96,861 6,370 21,256 77,474 19,443 67 849 165 - - 4,674 47,827 178,125 529,945 448,681 2,229,440 2,678,121 |
31.3.20 Total funds £ 34,850 99,640 4,414 138,904 27,367 34,022 663 23,231 1,312 722 1,114 102 383 - 53,585 142,501 - (3,597) 2,233,037 2,229,440 |
|---|---|---|---|---|
The notes form part of these financial statements
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SURBITON NEW LIFE BAPTIST CHURCH
Balance Sheet
31 March 2021
| Notes FIXED ASSETS Tangible assets 6 Investment property 7 CURRENT ASSETS Debtors 8 Cash at bank and in hand CREDITORS Amounts falling due within one year 9 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 11 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted funds £ 3,914 2,700,000 2,703,914 3,188 9,561 12,749 (38,542) (25,793) 2,678,121 2,678,121 |
Restricted fund £ - - - - - - - - - - |
31.3.21 Total funds £ 3,914 2,700,000 2,703,914 3,188 9,561 12,749 (38,542) (25,793) 2,678,121 2,678,121 2,678,121 - 2,678,121 |
31.3.20 Total funds £ 6,971 2,170,055 2,177,026 8,528 45,632 54,160 (1,746) 52,414 2,229,440 2,229,440 2,224,766 4,674 2,229,440 |
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 9 September 2021 and were signed on its behalf by:
A Miller - Trustee
The notes form part of these financial statements
Page 8
SURBITON NEW LIFE BAPTIST CHURCH
Notes to the Financial Statements
for the Year Ended 31 March 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost Fixtures and fittings - 50% on cost and 20% on cost
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.
Taxation
The charity is exempt from tax on its charitable activities. Although rental income exceeded the VAT threshold at the year end, the impact of COVID-19 has meant that it is now well below the threshold
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
Page 9
SURBITON NEW LIFE BAPTIST CHURCH
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
| 2. INVESTMENT INCOME Rents received Deposit account interest 3. TRUSTEES' REMUNERATION AND BENEFITS Trustees' salaries Trustees' social security Trustees' pension contributions to money purchase schemes Trustees' expenses One trustee was reimbursed expenses of £1,564 in the year (2019 two trustees £774) 4. STAFF COSTS The average monthly number of employees during the year was as follows: Administrative staff Youth worker Minister Cleaner No employees received emoluments in excess of £60,000. 5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 34,850 Investment income 99,640 Other income 4,414 Total 138,904 EXPENDITURE ON Charitable activities Property - Langley Road 27,367 Property- Balaclava Road 34,022 Property - Northcote Avenue 663 Ministerial 23,231 Youth & children's work 1,312 |
31.3.21 £ 20,531 192 20,723 31.3.21 £ 31,712 - 5,268 36,980 31.3.21 1 - 1 2 4 Restricted fund £ - - - - - - - - - |
31.3.20 £ 99,575 65 99,640 31.3.20 £ 31,450 556 5,919 37,925 31.3.20 1 1 1 2 5 Total funds £ 34,850 99,640 4,414 |
||
|---|---|---|---|---|
| 138,904 27,367 34,022 663 23,231 1,312 |
continued...
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SURBITON NEW LIFE BAPTIST CHURCH
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
| 5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL Langley Road church meetings Mission/The Well Tots & Carers Fellowship Fund Support costs Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 6. TANGIBLE FIXED ASSETS COST At 1 April 2020 and 31 March 2021 DEPRECIATION At 1 April 2020 Charge for year At 31 March 2021 NET BOOK VALUE At 31 March 2021 At 31 March 2020 |
ACTIVITIES - Unrestricted funds £ 722 1,114 102 383 53,585 142,501 (3,597) 2,228,363 2,224,766 Plant and machinery £ 7,511 1,719 1,878 3,597 3,914 5,792 |
continued Restricted fund £ - - - - - - - 4,674 4,674 Fixtures and fittings £ 6,322 5,143 1,179 6,322 - 1,179 |
Total funds £ 722 1,114 102 383 53,585 142,501 (3,597) 2,233,037 2,229,440 Totals £ 13,833 6,862 3,057 9,919 3,914 6,971 |
|---|---|---|---|
continued...
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SURBITON NEW LIFE BAPTIST CHURCH
Notes to the Financial Statements - continued
for the Year Ended 31 March 2021
7. INVESTMENT PROPERTY
| FAIR VALUE At 1 April 2020 Revaluation At 31 March 2021 NET BOOK VALUE At 31 March 2021 At 31 March 2020 Fair value at 31 March 2021 is represented by: Valuation in 2020 Valuation in 2021 8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.21 £ Trade debtors 1,757 Other debtors 385 Prepayments 1,046 3,188 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.21 £ Bank loans and overdrafts (see note 10) 40,000 Trade creditors (2,158) Other creditors 700 38,542 10. LOANS An analysis of the maturity of loans is given below: 31.3.21 £ Amounts falling due within one year on demand: Bank loans 40,000 |
£ 2,170,055 529,945 2,700,000 2,700,000 2,170,055 £ 2,170,055 529,945 2,700,000 31.3.20 £ 8,097 385 46 8,528 31.3.20 £ - (438) 2,184 1,746 31.3.20 £ - |
|---|---|
continued...
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SURBITON NEW LIFE BAPTIST CHURCH
Notes to the Financial Statements - continued
for the Year Ended 31 March 2021
11. MOVEMENT IN FUNDS
| Unrestricted funds General fund Property - Langley Road Property - Balaclava Road Property - Northcote Avenue Ministerial Youth Langley Road church meetings Mission/The Well Tots & Carers Fellowship Fund Restricted funds Refurbishment Fund TOTAL FUNDS Net movement in funds, included in the above are Unrestricted funds General fund Property - Langley Road Property - Balaclava Road Property - Northcote Avenue Ministerial Youth Langley Road church meetings Mission/The Well Restricted funds Refurbishment Fund TOTAL FUNDS |
At 1.4.20 £ 43,394 850,941 1,007,066 320,055 - - - - 2,609 701 2,224,766 4,674 2,229,440 as follows: Incoming resources £ 75,330 3,888 11,273 5,370 1,000 - - - 96,861 - 96,861 |
Net movement in funds £ 30,201 94,820 (34,983) 382,841 (18,443) (67) (849) (165) - - 453,355 (4,674) 448,681 Resources expended £ (45,129) (9,068) (21,256) (77,474) (19,443) (67) (849) (165) (173,451) (4,674) (178,125) |
Transfers between funds £ (107,487) 6,947 4,238 76,778 18,443 67 849 165 - - - - - Gains and losses £ - 100,000 (25,000) 454,945 - - - - 529,945 - 529,945 |
At 31.3.21 £ (33,892) 952,708 976,321 779,674 - - - - 2,609 701 2,678,121 - 2,678,121 Movement in funds £ 30,201 94,820 (34,983) 382,841 (18,443) (67) (849) (165) 453,355 (4,674) 448,681 |
||
|---|---|---|---|---|---|---|
| as |
continued...
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SURBITON NEW LIFE BAPTIST CHURCH
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Property - Langley Road Property - Balaclava Road Property - Northcote Avenue Ministerial Youth Langley Road church meetings Mission/The Well Tots & Carers Fellowship Fund Restricted funds Refurbishment Fund TOTAL FUNDS |
At 1.4.19 £ 46,740 851,391 1,007,455 320,388 - - - 412 1,150 827 2,228,363 4,674 2,233,037 |
Net movement in funds £ (19,993) (13,492) 40,247 14,692 (23,231) (1,311) (723) (1,119) 1,459 (126) (3,597) - (3,597) |
Transfers between funds £ 16,647 13,042 (40,636) (15,025) 23,231 1,311 723 707 - - - - - |
At 31.3.20 £ 43,394 850,941 1,007,066 320,055 - - - - 2,609 701 |
|---|---|---|---|---|
| 2,224,766 4,674 |
||||
| 2,229,440 |
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Property - Langley Road Property - Balaclava Road Property - Northcote Avenue Ministerial Youth Langley Road church meetings Mission/The Well Tots & Carers Fellowship Fund TOTAL FUNDS |
Incoming resources £ 33,586 13,875 74,270 15,355 - - - - 1,561 257 138,904 138,904 |
Resources Movement expended in funds £ £ (53,579) (19,993) (27,367) (13,492) (34,023) 40,247 (663) 14,692 (23,231) (23,231) (1,311) (1,311) (723) (723) (1,119) (1,119) (102) 1,459 (383) (126) (142,501) (3,597) (142,501) (3,597) |
Resources Movement expended in funds £ £ (53,579) (19,993) (27,367) (13,492) (34,023) 40,247 (663) 14,692 (23,231) (23,231) (1,311) (1,311) (723) (723) (1,119) (1,119) (102) 1,459 (383) (126) (142,501) (3,597) (142,501) (3,597) |
|---|---|---|---|
| (3,597) | |||
| (3,597) |
continued...
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SURBITON NEW LIFE BAPTIST CHURCH
Notes to the Financial Statements - continued
for the Year Ended 31 March 2021
11. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Property - Langley Road Property - Balaclava Road Property - Northcote Avenue Ministerial Youth Langley Road church meetings Mission/The Well Tots & Carers Fellowship Fund Restricted funds Refurbishment Fund TOTAL FUNDS |
At 1.4.19 £ 46,740 851,391 1,007,455 320,388 - - - 412 1,150 827 2,228,363 4,674 2,233,037 |
Net movement in funds £ 10,208 81,328 5,264 397,533 (41,674) (1,378) (1,572) (1,284) 1,459 (126) 449,758 (4,674) 445,084 |
Transfers between funds £ (90,840) 19,989 (36,398) 61,753 41,674 1,378 1,572 872 - - - - - |
At 31.3.21 £ (33,892) 952,708 976,321 779,674 - - - - 2,609 701 2,678,121 - 2,678,121 |
|---|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Property - Langley Road Property - Balaclava Road Property - Northcote Avenue Ministerial Youth Langley Road church meetings Mission/The Well Tots & Carers Fellowship Fund Restricted funds Refurbishment Fund TOTAL FUNDS |
Incoming resources £ 108,916 17,763 85,543 20,725 1,000 - - - 1,561 257 235,765 - 235,765 |
Resources expended £ (98,708) (36,435) (55,279) (78,137) (42,674) (1,378) (1,572) (1,284) (102) (383) (315,952) (4,674) (320,626) |
Gains and Movement losses in funds £ £ - 10,208 100,000 81,328 (25,000) 5,264 454,945 397,533 - (41,674) - (1,378) - (1,572) - (1,284) - 1,459 - (126) 529,945 449,758 - (4,674) 529,945 445,084 |
|---|---|---|---|
Page 15
continued...
SURBITON NEW LIFE BAPTIST CHURCH
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
12. RELATED PARTY DISCLOSURES
Remuneration of £31,713 was paid to one trustee in the year (2020 £21,028 to two trustees). Expenses of £539 was reimbursed to one trustee in the year (2020 £774 to two trustees).
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SURBITON NEW LIFE BAPTIST CHURCH
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 31 March 2021 | ||
| 31.3.21 | 31.3.20 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Gifts & collections | 27,571 | 17,624 |
| Donations | 6,901 | 6,308 |
| Gift aided donations & refunds | 41,666 | 10,918 |
| 76,138 | 34,850 | |
| Investment income | ||
| Rents received | 20,531 | 99,575 |
| Deposit account interest | 192 | 65 |
| 20,723 | 99,640 | |
| Other income | ||
| Gain on sale of tangible fixed assets | - | 4,414 |
| Total incoming resources | 96,861 | 138,904 |
| EXPENDITURE | ||
| Charitable activities | ||
| Trustees' salaries | 15,856 | 15,725 |
| Trustees' social security | - | 278 |
| Trustees' pension contributions | 2,634 | 4,746 |
| Sundries | - | 625 |
| Pulpit expenses | 338 | 1,306 |
| Travel & subsistence | 22 | 1,428 |
| Premises expenses | - | 19 |
| Missionary giving & donations | 283 | 1,137 |
| Books & subscriptions | 219 | - |
| Premises expenses | 275 | - |
| Youth facilitation | 48 | 2,562 |
| 19,675 | 27,826 | |
| Support costs | ||
| Management | ||
| Trustees' salaries | 15,856 | 15,725 |
| Trustees' social security | - | 278 |
| Trustees' pension contributions | 2,634 | 1,173 |
| Wages | 13,778 | 17,983 |
| Social security | - | 32 |
| Rates and water | (29) | 2,976 |
| Insurance | 4,404 | 4,459 |
| Light and heat | 3,232 | 5,955 |
| Telephone | 2,028 | 2,011 |
| Carried forward | 41,903 | 50,592 |
This page does not form part of the statutory financial statements
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SURBITON NEW LIFE BAPTIST CHURCH
Detailed Statement of Financial Activities for the Year Ended 31 March 2021
| Detailed Statement of Financial Activities for the Year Ended 31 March 2021 |
||
|---|---|---|
| 31.3.21 | 31.3.20 | |
| £ | £ | |
| Management | ||
| Brought forward | 41,903 | 50,592 |
| Postage and stationery | 160 | 1,102 |
| Sundries | - | 233 |
| Repairs & renewals | 106,527 | 53,117 |
| Motor, travel & subsistence | 55 | 1,474 |
| Books & subscriptions | 1,099 | 1,156 |
| Computer costs | 508 | 340 |
| Training | - | 40 |
| Advertising | 1,097 | 239 |
| Missionary giving & donations | 25 | 880 |
| Legal fees | 540 | - |
| Professional fees | 1,160 | - |
| Plant and machinery | 1,528 | 1,019 |
| Fixtures and fittings | 1,529 | 1,606 |
| 156,131 | 111,798 | |
| Finance | ||
| Bank charges | 812 | - |
| Other | ||
| Telephone | 32 | 997 |
| Governance costs | ||
| Accountancy fees | 460 | 390 |
| Bookkeeping fees | 1,015 | 1,490 |
| 1,475 | 1,880 | |
| Total resources expended | 178,125 | 142,501 |
| Net expenditure | (81,264) | (3,597) |
This page does not form part of the statutory financial statements
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