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|**INDEX**|**PAGE**|
|---|---|
|Trustees' Annual Report|1 - 6|
|Independent Audito~s Report|7 - 10|
|**StatementofFinancialActivities**|11|
|Balance Sheet|12|
|StatementofCash Flows|13|
|Notestothe Financial Statements|14 - 23|
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|||
|---|---|
|until 30 April 2021|Mr David M Leverett FCA|
|from 1 May 2021|Mrs Emily A Blake LLB|
|**IndependentAuditor**|**GriffinCharteredAccountants**|
||**AirportBusinessPark**|
||Unit 4 Silverdown Office Park|
||EXETER|
||**Devon**|
||EX5 2UX|
|**Bankers**|CAF Bank Limited|
||25 Kings Hill Avenue|
||Kings Hill|
||WESTMALLING|
||Kent|
||ME19 4JQ|
|**Solicitors**|Toilers LLP|
||1 WatersideWay|
||Bedford Road|
||NORTHAMPTON|
||NN4 7XD|
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||**Note**|**General**|**Designated**|**Capital**|**Total**|**Total**|
|---|---|---|---|---|---|---|
|||**Fund**|**Fund**|**Fund**|**2021**|**2020**|
|||£|
£|£|£|£|
|**Income and endowments from:**|||||||
|**Donationsandlegacies**|**2**|**24,775**|**0**|**0**|**24,775**|4,719,689|
|**Investments**|3|**2,510**|**0**|**0**|**2,510**|849|
|Other|||||||
|- **Proceedsofultimatetrusts**|4|**0**|**0**|**1,398,216**|**1,398,216**|48,332|
|**Totalincome**||**27,285**|**0**|**1,398,216**|**1,425,501**|4,16s,s101|
|**Expenditure on:**|||||||
|**Charitableactivities**|||||||
|Costofloan and grant making|5|**33,670**|**75,239**|**298,977**|**407,886**|99,221|
|**Total expenditure**||**33,670**|**75,239**|**298,977**|**407,886**|99,221|
|**Net income**||**(6,385)**|
**(75,239)**|**1,099,239**|**1,017,615**|4,669,649|
|**Transfers between Funds**||**15,000**|**50,577**|**(65,577)**|**0**|0|
|**Net MovementinFunds**||**8,615**|**(24,662)**|**1,033,662**|**1,017,615**|4,669,649|
|**Reconciliationoffunds:**|||||||
|Total funds brought forward|16|**15,177**|**92,284**|**4,562,188**|**4,669,649**|0|
|**Total funds carried forward**|16|**23,792**|**67,622**|**5,595,850**|**5,687,264**|4,669,6491|
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||**Note**||**2021**|||2020||
|---|---|---|---|---|---|---|---|
|||£||£||£|£|
|**Fixed Assets**||||||||
|**Investments**|9||**2,729,495**||||2,844,525|
|Capital equipment|10||||**919**||0|
|**Current Assets**||||||||
|Debtors|11|**120,074**||||52,971||
|Cash at bank and in hand||**2,879,695**||||1,785,910||
|||**2,999,769**||||1,838,881||
|**Creditors: Amounts fallingdue**||||||||
|**within oneyear**|12|**42,919**||||13,757||
|**Net Current Assets**|||**2,956,850**||||1,825,124|
|**Total Assets less Current Liabilities being**
**Net Assets**|||Is,6a1||,264I||4,669,6491|
|**Charity Funds**||||||||
|**Unrestricted funds**||||||||
|General Fund|16|||**23,792**|||15,177|
|Designated Fund|16|||**67,622**|||92,284|
|Capital Fund|16||**5,595,850**||||4,562,188|
||||Is,6a1||,264I||4,669,6491|
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|||**2021**|2020|
|---|---|---|---|
|||£|£|
|**Reconciliationofnet movementinfunds to net cash flow from operating activities**||||
|**Netmovementinfunds**|**1,017,615**||4,669,649|
|**Adjustments for:**||||
|**Interestreceived**||(2,510)|(849)|
|**Depreciation**||918|0|
|**Decrease/(increase)indebtors**||(67,103)|(52,971)|
|(Decrease)/increaseincreditors||29,162|13,757|
|**Net cash provided by /(used in) operating activities**||91a,oa21|4,629,586I|
|**Cash flow from investing activities**||||
|**Interestreceived**||**2,510**|849|
|**MovementsinloanstoChurches**||||
|Loans transferred from Baptist Building Fund||**0**|(2,845,290)|
|**Loans made**|**(350,000)**||(300,000)|
|**Loansrepaid**||**465,030**|300,765|
|**Purchaseoffixedassets**||**(1,837)**|0|
|**Net cash flow from investing activities**||11s,1031|1 (2,843,676)1|
|**Changeincash and cash equivalentsinthe reporting period**|**1,093,785**||1,785,910|
|**Cash and cash equivalentsat31December 2020**|**1,785,910**||0|
|**Cash and cash equivalents at31December 2021**|2,a19,s9s1||1,18s,910 1|
|**Cash and cash equivalents consists of:**||||
|Cash at bank andinhand|**2,879,695**||1,785,910|
|**Cash and cash equivalents at31December 2021**|2,a19,s9s1||1,18s,910 1|
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|**2**|**INCOME FROM DONATIONS AND LEGACIES**|**2021**||2020|
|---|---|---|---|---|
|||£|£|
£|
||Thank-offerings from Churches (see below)|**24,400**||35,000|
||Church Donations|**0**||15|
||**PersonalSubscriptionsandDonations**|**375**||200|
||Transferred from Baptist Building Fund (see below)|**0**||4,684,474|
|||**24,7751**||I4.119,6891|
||**ThefundstransferredfromBaptistBuildingFundon1 June2020were:**-||||
||**GeneralFund**|**0**||14,334|
||Designated Fund|**0**||164,201|
||Capital Fund|**0**||4,505,939|
|||01||I4,684,4741|
||**Thenetassetstransferredwere:-**||||
||**Loanstochurches**|**0**||2,845,290|
||**Currentassets**||||
||**Debtors,prepaymentsandaccruedincome**|**0**|55,646||
||Cash at bank|**0**|1,794,229||
|||**0**|1,849,875||
||**Currentliabilities**||||
||Sundry creditors|**0**|10,691|
1,839,184|
|||01||4,684,4741|
||**Thank-offerings from Churches**|£||£|
||Bristol, Totterdown|**3,500**||0|
||Buckhurst Hill|**0**||7,000|
||Didsbury|**900**||0|
||Ipswich, Colchester Road|**10,000**||0|
||Liverpool, Old Roan, Aintree|**0**||5,000|
||Newport, Castlehold, IsleofWight|**0**||10,000|
||Northampton, Abbey Centre|**0**||1,750|
||Rothwell (Leeds)
**Sevenoaks,TheVine**|**0**
**5,000**||6,250
0|
||South Oxhey|**5,000**||5,000|
|||**24,4001**||35,0001|
|**3**|**INCOME FROM INVESTMENTS**|**2021**||2020|
|||£||£|
||Bank Interest|**2,510**||849|
|||**2,5101**||8491|
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|**4**|**PROCEEDS OF ULTIMATE TRUSTS**|**2021**|2020|
|---|---|---|---|
|||£|£|
||Abertillery Baptist Church|**102,306**|0|
||Deal Baptist Church|**100,000**|0|
||Kingston, John Bunyan Baptist Church|**1,195,910**|0|
||Witchford Baptist Church|**0**|48,332|
|||**1,398,2161**|48,3321|
|**5**|**CHARITABLE ACTIVITIES**|**2021**|2020|
|||£|£|
||**General Fund**-**Support costs**|||
||**Administrator'ssalary/fees**|**14,502**|6,533|
||**Travelcosts**|**1,304**|262|
||**Computerconsultancy**|**190**|0|
||**Printing,stationery,postageandtelephone**|**360**|335|
||**Bankcharges**|**229**|108|
||**Insurance**|**3,246**|531|
||General publicity|**20**|20|
||Website|**129**|154|
||**Governancecosts(seenote6)**|**12,772**|7,278|
||**Depreciationonfixedassets**|**918**|0|
|||**33,6701**|15,2211|
||**Designated Fund - Grants**|||
||Alness Baptist Church|**0**|20,000|
||Bexhill-on-Sea, Sidley Baptist Church|**0**|10,000|
||Buckhaven Baptist Church|**0**|5,000|
||Chiddingfold Baptist Church|**0**|7,500|
||Dennistoun Baptist Church|**0**|25,000|
||Ewyas Harold Baptist Church|**4,239**|0|
||Hainault Baptist Church|**11,000**|0|
||Heanor Baptist Church|**15,000**|0|
||Islay Baptist Church|**0**|11,500|
||Montacute Baptist Church|**10,000**|0|
||New Addington Baptist Church|**0**|5,000|
||Oxford, John Bunyan Baptist Church|**10,000**|0|
||Sutton St James Baptist Church|**25,000**|0|
|||**75,2391**|a4,oool|
|||**108,9091**|99,221I|
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|**5**|**CHARITABLE ACTIVITIES (CONTINUED)**|**2021**|2020|
|---|---|---|---|
|||£|£|
||**Capital Fund**- **Grant**|||
||The London Baptist Property Board Limited|**298,977**|o|
|||**298,9771**|01|
|**6**|**GOVERNANCE COSTS**|**2021**|2020|
|||£|£|
||Trustees' Meetings
Audit fees|**3,043**
**5,940**|108o|
||Audit fees due to previous auditors|**1,320**|6,270|
||Independent examinationofBaptist Building Fund|**900**|o|
||Legal fees|**1,569**|900|
|||**12,7721**|7,2781|
|**7**|**EMPLOYEES**|**2021**|**2020**|
|||£|£|
||Staff costs during the year were as follows:|||
||**Wagesandsalaries**
**NationalInsurancecosts**|**8,667**
**48**|o o|
||Pension costs (NEST)|**260**|o|
|||**8,975**I|01|
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|---|---|---|---|---|
|**10**|**FIXED ASSETS**||**Office**|**2021**|
||||**equipment**|**Total**|
||||£|£|
||Cost brought forward||0|**0**|
||Additions||1,837|**1,837**|
||Cost at31December 2021||1,8371|**1,8371**|
||Depreciation brought forward||0|**0**|
||Charge for the year||918|**918**|
||Depreciationat31December 2021||9181|**9181**|
||Net book valueat31December 2021||9191|**9191**|
|**11**|**DEBTORS**|**2021**||2020|
|||£||£|
||Other debtors|**117,205**||49,997|
||Prepayments|**2,869**||2,974|
|||**120,0741**||52,971I|
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|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE**|**YEAR**||
|---|---|---|
||**2021**|2020|
||£|£|
|**Tradecreditors**|**36,079**|2,957|
|**Accrualsanddeferredincome**|**6,840**|10,800|
||**42,919**I|13,757I|
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|**Analysisoffund movements 2021**|||||||||
|---|---|---|---|---|---|---|---|---|
||**Balance**|||**Income**||**Expenditure**|**Transfers**|**Balance**|
||**brought**||**forward**||||**carried forward**||
|||£|||£|£|£|£|
|**Unrestricted funds**|||||||||
|General Fund|||15,177||27,285|33,670|15,000|23,792|
|Designated Fund|||92,284||0|75,239|50,577|67,622|
|Capital Fund|4,562,188|||1,398,216||298,977|(65,577)|
5,595,850|
||**4,669,649**|||**1,425,501**||**407,886**|
**0**|
**5,687,264!**|
|**Analysisoffund movements 2020**|||||||||
||**Balance**||**b/f**|**Income**||**Expenditure**|**Transfers**|**Balance c/f**|
|||£||£||£|£|£|
|**Unrestricted funds**|||||||||
|**General Fund**|||0||50,398|15,221|(20,000)|15,177|
|Designated Fund|||0|164,201||84,000|12,083|92,284|
|Capital Fund|||0|4,554,271||0|7,917|4,562,188|
||||**0**|**4,768,870**||
**99,221**|**0**|
**4,669,649!**|
|**Analysisofnet assets between funds 2021**|||||||||
||||||**General**|
**Designated**|**Capital**|**Total**|
||||||**fund**|**fund**|**fund**||
|||||£||£|£|£|
|Fixed Assets|||||919|0|2,729,495|2,730,414|
|**Current assets**|||||65,792|
67,622|2,866,355|2,999,769|
||||||66,711|67,622|5,595,850|5,730,183|
|**Currentliabilities**|||||42,919|0|0|42,919|
||||||**23,792**|**67,622**|**5,595,850**|**5,687,264!**|
|**Analysisofnet assets between funds 2020**|||||||||
||||||**General**|**Designated**|**Capital**|**Total**|
||||||**fund**|**fund**|**fund**||
|||||£||£|£|£|
|Fixed Assets|||||0|0|2,844,525|2,844,525|
|**Current assets**|||||28,934|92,284|1,717,663|1,838,881|
||||||28,934|92,284|4,562,188|4,683,406|
|**Currentliabilities**|||||13,757|0|0|13,757|
||||||**15,177**|**92,284**|**4,562,188**|**4,669,649!**|
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