2021-04-05-accounts - Godalming Baptist Church

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		Page
Report ofthe Trustees		1 to	3
Independent Examiner's	Report
Statement ofFinancial Activities
Balance Sheet
Cash Flow Statement
Notes to the Cash Flow	Statement
Notes tothe Financial Statements		9 to	16
Detailed Statement ofFinancial Activities		16

					Unrestricted	Restricted	Total
				Notes	funds f	funds E	fundsf
INCOME AND	ENDOWMENTS		FROM
Donations and	legacies				108,096	6,154	114,250
Charitable activities
Premises hire					6,154		6,154
Investment income					32		32
Other income					1,723,883	2,108	1,725,991
Total					1,838,165	8,262	1,846,427
EXPENDITURE	ON
Charitable activities
Ministry costs					21,491		21,491
Administrative	costs				13,913		13,913
Establishment	costs				60,971		60,971
Mission costs					7,044	15,003	22,047
Total					103,419	15,003	118,422
NET INCOME/(EXPENDITURE)					1,734,746	(6,741)	1,728,005
Transfers between funds					(11,144)	11,144
Other recognised gains/(losses)
Actuadial gains	on defined	benefit schemes			14,839		14,839
Net movement	in funds				1,738,441	4,403	1,742,844
TOTAL FUNDS	CARRIED FORWARD				1,738,441	4,403	1,742,844

		Unrestricted	Restricted	Total
		funds	funds	funds
	Notes	E	E	E
FIXEDASSETS
Tangible assets		1,392,961		1,392,961
CURRENT ASSETS
Debtors	12	28,569		28,569
Cash at bank		352,959	4,403	357,362
		381,528	4,403	385,931
CREDITORS
Amounts falling due within one year	13	(8,078)		(8,078)
NET CURRENT ASSETS		373,450	4,403	377,853
TOTAL ASSETS LESSCURRENT UABILITIES		1,766,411	4,403	1,770,814
PROVISIONS FOR LIABILITIES		(27,970)		(27,970)
NET ASSETS		1,738,441	4,403	1,742,844
FUNDS	15
Unrestricted funds				1,738,441
Restricted funds				4,403
TOTALFUNDS				1,742,844

	Cash Flow	Cash Flow	Cash Flow	Statement
forthe	Period 20December 2019to 5 A				ril 2021
				Notes
Cash flows from operating	activities
Cash generated from operations						1,782,742
Finance costs paid						(234)
Net cash provided by operating activities						1,782,508
Cash flows from investing	activities
Purchase oftangible fixed	assets					(1,425,178)
Interest received						32
Net cash (used in)/provided	by investing		activities			{1,425,146)
Change in cash and cash equivalents		in the
reporting period						357,362
Cash and cash equivalents	at the beginning
ofthe reporting period
Cash and cash equivalents	at the end of
the reporting period						357,362

				f
Mission costs				22,047
The total grants paid to institutions			during the period was as follows:
				f
Overseas	Mission			6,512
Overseas	child sponsorship			224
Otherdonations				310
Missionary	work- UK			6,712
Trnity Trust- local schools				1,100
Churches	Together	in Godalming		640
				15,498

The average	monthly	number ofemployees	during the period was as follows:
Ministry
Administration

The key financial assumptions	underlying	the valuations	were as follows
Type ofassumption: RPI price inflation assumption				Spa 3.20
CPI price inflation assumption				2.70
Minimum Pensionable Income	increases	(CPI plus 0.75M	pa)	3.20
Assumed investment returns:
- Pre-retirement				2.95
- Post retirement				1.70

			Incoming	Resources	Gains and	Movement
			resources 6	expended f	losses 6	in funds 6
Unrestricted	funds
General fund			141,677	(79,529)	14,839	76,987
Church Premises		Fund	1,373,429	(23,890)		1,349,539
Legacy fund			323,059			323,059
			1,838,165	(103,419)	14,839	1,749,585
Restricted funds
Ambassadors'	Fund		2,980	(12,624)		(9,644)
Pastoral Fund			3,171	(784)		2,387
Other restricted		donations	2,111	(1,595)		516
			8,262	(15,003)		(6,741)
TOTALFUNDS			1,846,427	(118,422)	14,839	1,742,844