**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:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. 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
Page 7
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...
Page 10
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...
Page 11
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...
Page 12
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...
Page 13
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...
Page 14
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).
Page 16
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
Page 17
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
Page 18