## Godmanchester Baptist Church
Report and Accounts Year ended 31 December 2021
1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk
## **GODMANCHESTER BAPTIST CHURCH**
## **CHARITY INFORMATION**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
**Trustees** Rev Daniel M. Beckett Carolyn J. Keats Appointed 4 Oct 2021 John E. Brown Brett A. Mickelburgh Delia M. Steer Joseph D. George Veronica Ruth Blakey Anthony Goodwin Hazel A. Bray Joanna M. Hitchins Martin A. Webb Paul G. Hamilton Resigned 1 Sept 2021 Joseph P Warton Resigned 20 Jan 2022 **Key Staff** Rev Daniel Beckett (Senior Pastor) Carolyn Keats (Associate Pastor) **Governing Document** Constitution dated 25 February 2020, amended 17 July 2021 Merged with Godmanchester Baptist Church Trust (charity number 1089263) on 1 January 2021 **Charity Registration Number** 1188171 **Principal Address** Godmanchester Baptist Church East Chadley Lane Godmanchester Huntingdon PE29 2BJ **Independent Examiner** Lourens du Plessis ACA CA(SA) Stewardship 1 Lamb's Passage London EC1Y 8AB **Bankers** CAF Bank Kingdom Bank
|**Contents**|**Page**|
|---|---|
|Charity Information|1|
|Trustees' Annual Report|2-6|
|Independent Examiner's Report|7|
|Statement of Financial Activities|8|
|Balance Sheet|9|
|Notes to the Accounts|10-21|
Page 1
## **GODMANCHESTER BAPTIST CHURCH**
## **TRUSTEES' ANNUAL REPORT**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
The trustees have pleasure in submitting the Report and Accounts for the year.
## **Objects of the charity**
The charity is a charitable incorporated organisation and is governed by its Constitution. The objects of the charity, as set out in the governing document are:
a) The advancement of the Christian faith according to the principles of the Baptist denomination. b) The Church may also advance education and carry out other charitable purposes in the United Kingdom and/or other parts of the world.
## **Summary of the charity's main activities and achievements**
Where it is relevant, the Trustees take into account the guidance of the Charity Commission on Public Benefit. We provide public benefit principally in the provision of a Place of Worship, with regular services open to all members of the public. We seek to contribute to the moral and spiritual education of children and young people and to engage with and promote self-worth in those who have suffered social exclusion. Additional public benefit is offered via the use of the building for community and other charity activities where reduced hire rates are charged, as well as by companies where charges are in line with similar commercial facilities in the area. We seek to fulfil our charitable objectives in the advancement of Christianity and in supporting those in need, specific examples of which are given below.
## **Objective a:**
_Among adults_
Our membership at the end of 2021 was 140. Due to Covid restrictions it was only possible to start meeting in person from September but using the borrowed Grace Fellowship building rather than East Chadley Lane due to the building refurbishment project. No new members were admitted into membership during this period due to the restrictions on meeting in person. Services on a Sunday morning and the monthly “Songs of Praise” continued to be broadcast using YouTube, partly due to the restrictions and partly due to broader demand from church members, attendees and wider non-GBC affilitated people who had started watching our broadcasts.
In early 2021 the decision was made to proceed with the next stage of the Oikodom building refurbishment project to improve the worship area. This meant that the large hall could not be accessed during the project. GBC received the offer to use another unused church building, Grace Fellowship, in Alconbury and from September the morning services took place in person there. Services continued to be recorded and broadcast online for those who did not feel able to attend in person. The Songs of Praise congregation continued to only be broadcast once a month. Tuesday Treat returned in September to their comfy chairs, sharing tea, coffee, teacakes, crumpets, sausage rolls and cake all with lots of chatting and laughter.
We held a one day Mix event in September to enable people to “mix” and catch up and meet in person and also for people who had found the church online to meet up in person. In addition throughout the year there was regular contact through the Care and Connect groups to ensure that everyone was contacted by someone within the church on a regular basis to check that they did not need help and to keep in contact. Homegroups continued to meet online or increasingly in person as restrictions eased. During the year various training materials have been used including the launch of the Toolbox initiative in September.
This provided a range of teaching including in-depth bible study, book club, teaching on specific subjects such as parenting and also well-being.
We have sought to attain our objective by worshipping God; engaging in the mission of the Lord Jesus; training others to serve the Lord Jesus and extending His kingdom.
Page 2
## **GODMANCHESTER BAPTIST CHURCH**
## **TRUSTEES' ANNUAL REPORT**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
## _Among youth_
In the Autumn Term Friday Night Project and TOAST started meeting physically back in the building. It was very strange for us all including the young people who hadn't been in the GBC building for so many months. and while many things had changed through lockdown and COVID the young people still loved sweets!
On a Sunday night we began gathering together again as youth church at Generation Rising.
## _Among Children_
After running a very popular (socially distanced!) toy library throughout most of 2020 and 2021, our Littlefoot toddlers group were also able to return to meet and play indoors on Wednesday mornings in the Autumn Term, albeit with much restricted numbers. Those who have been able to come have really appreciated the re-opening of this very popular weekly session, and in some ways it has been good to have more time and space for play and conversation.
## _Beyond Godmanchester, in the U.K. and abroad_
We have fostered closer working relationships with other churches in the Godmanchester and Huntingdon district, seeking to bear witness to Jesus Christ through joint services and some open-air events in the towns, as well as collaborating in certain community projects. We support Medway Christian Fellowship in Huntingdon. Our ministers have spoken at Baptist Union events as specialists in their field.
We have made financial contributions to Baptist Union Home Mission to support the work of the BU in resourcing UK churches. We continue to make financial contributions for overseas mission work.
## **Objective b:**
We have provided emotional, practical and spiritual support for those in our congregation and community who have needed such assistance. The sick, the aged and the infirm are visited and practical support offered as appropriate.
For most of the year we were only able to operate a toy library for those who used to attend the weekly Littlefoot Parents and Toddlers Club. In the Autumn, we were able to restart the club but only for a limited number of parents and toddlers due to the restrictions on space. Together with those from other churches some of our members are involved in the Cornerstone Pregnancy Crisis Centre, a confidential counselling service for pregnant women and their partners. We also have members who are involved with the work of Huntingdon Area Money Advice (HAMA) and the church premises are used as one of its bases for meeting clients.
For much of the year “Tuesday Treat” which is a coffee, cake, friendship and fellowship group was not able to meet in person. For some of the year it was possible to arrange for smaller groups to meet outside but from September they were able to restart the weekly meeting. During August we ran a summer event for senior citizens, with talks and activities of interest to those attending. Working in association with the Home Office, Hope Into Action and numerous other local bodies and organisations a project to resettle a Syrian Refugee family commenced and has been successful, the project being ongoing into 2022.
The Foodbank has remained affiliated with the Trussell Trust – a charity which provides assistance and training to those running food banks around the country. Donated or purchased non-perishable food items are redistributed without charge to those in urgent need.
Page 3
## **GODMANCHESTER BAPTIST CHURCH**
## **TRUSTEES' ANNUAL REPORT**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
We have 100 local agencies who can act as Referral Agencies for the foodbank including 12 schools in and around Huntingdon and Godmanchester. These agencies can issue vouchers to those in need which can then be redeemed at the Foodbank. Godmanchester Foodbank maintains close ties with other foodbanks and charities in the area, providing financial support through gifts to Grub Hub, Love Oxmoor Foodbank, Huntingdon Volunteer Shop Fresh Food initiative and Fusion Family and Youth project.
During 2021 62,050 kg (52,411 kg in 2020) of food parcels were distributed, an increase of 10,000Kg over the previous year. A rise of 30% in users was seen across the year, and we helped feed over 3,000 adults and children.
The majority of people assisted live primarily in Huntingdon and Godmanchester and most have help on 3 or 4 occasions before passing through their emergency and their situation improving. An area where we have seen an increase in demand for Foodbank services is with people where the problem is bigger, the debt is rising and mental health issues have been acute. To help with these clients we have been working with a CAB trained advisor who has been supporting those who need more than food, offering debt advice, benefit help and other forms of support.
The Covid 19 pandemic and Lockdowns impacted donations at the local food store collection points yet support through schools at Harvest Festival and similar held up well. Local churches, community groups and businesses all contributed to collections ready for Christmas Hampers where we provided 350 to families in need.
We also worked closely with HCAP in providing fresh fruit and vegetables and Christmas supplies for another 100 families with pre-school age children. We were also fortunate to work with a local company who had surplus meat in the run up to Christmas and found homes for turkey crowns, bags of chicken breasts and small legs of lamb – an amazing generous gift for some of our families.
## **In order to facilitate the achievement of these objectives**
We have emphasised the priority of prayer together, in prayer triplets, in small groups, at meetings specifically for prayer and during our services. These have been undertaken either online or in person where this was possible. We have sought volunteers from within the congregation with the best skills possible and offered training or mentoring to enhance these if required. We commenced the new phase of the Oikodom project in May 2021. This will provide improved facilities in the worship area both in terms of heating and also sound as well as making it more versatile. We have sought grants for this project some of which were received during the current year. We have paid and supported both Pastoral and Administrative Staff. We encourage the widest participation in our activities, where necessary subsidising events and activities so that ‘ability to pay’ is not a barrier although many of these have been held online during the current year so there has been no cost involved.
In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.
Most of the charity's activities are undertaken by volunteers and the charity could not operate effectively without their efforts.
## **Structure, Governance and Management**
Responsibility for setting policy and for making operating decisions rests with the trustees who meet regularly to monitor the activities of the charity. Trustees serve for a maximum of three years before standing for re-election. New trustees are recruited and appointed by church members according to the constitution.
Page 4
## **GODMANCHESTER BAPTIST CHURCH**
## **TRUSTEES' ANNUAL REPORT**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
## **Financial review**
During the year income decreased by £4,324 to £410,230 and expenditure increased by £26,690 to £362,163. The surplus for the year decreased by £31,014 to £48,067 and the charity's net assets increased by the same amount, to £739,692. Net current assets stood at £188,788.
## **Funds in deficit**
There were no funds in deficit at the end of 2021
## **Reserves policy**
The trustees have determined that the charity should aim to hold £60,000 in easily accessible reserves (which equates to about 6 months' of unrestricted salary expenditure) so that the charity could continue to operate should income and / or expenditure vary adversely. At the year end the charity held unrestricted funds (excluding fixed assets fund) of £66,812 and unrestricted cash of £29,836. The cash deficit was caused by £60,000 being transferred at year end to the building project and a large Gift Aid claim awaiting payment.
## **Going concern**
The Charity Trustees are confident that Godmanchester Baptist Church remains a going concern.
## **Key risks and uncertainties**
The charity is exposed to various risks - be they operational, financial or reputational. The trustees review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks.
## **Responsibilities of trustees under charity law**
The trustees are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the trustees are required to:
1. select suitable accounting policies and apply them consistently;
2. observe the methods and principles in the Charities SORP;
3. make judgements and estimates that are reasonable and prudent;
4. state whether the applicable accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements; and
5. prepare the financial statements on a going concern basis unless it is inappropriate to presume
that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 5
## **GODMANCHESTER BAPTIST CHURCH**
## **TRUSTEES' ANNUAL REPORT**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
## **Approval**
This report was approved by the trustees and signed on their behalf by:
Daniel Beckett ___________________________ Daniel Beckett - Lead Pastor Date: 11 October 2022
Brett Mickelburgh ______________________________ Brett Mickelburgh - Treasurer Date: 11 October 2022
Page 6
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF**
## **GODMANCHESTER BAPTIST CHURCH ('the Charity')**
I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31 December 2021 on pages 8-21 following, which have been prepared on the basis of the accounting policies set out on pages 10-12.
## **Responsibilities and basis of report**
As the charity’s trustees of the Charitable Incorporated Organisation 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 Charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Charity 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.
## Lourens du Plessis
Lourens du Plessis ACA CA(SA) Member of the Institute of Chartered Accountants in England and Wales (ICAEW)
Stewardship 1 Lamb's Passage London EC1Y 8AB
Date: 13 October 2022
Page 7
## **GODMANCHESTER BAPTIST CHURCH**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
|Note
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
**Total income and endowments**
**EXPENDITURE ON:**
Charitable activities
7
**Total expenditure**
**Net income/(expenditure)**
**Transfers between funds**
17
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
17|Unrestricted
Funds
£
180,989
1,795
280
3,223
186,287
219,766
219,766
(33,478)
(84,176)
(117,654)
540,849
423,195|Restricted
Funds
£
223,829
-
-
114
223,943
142,398
142,398
81,545
84,176
165,721
150,499
316,220|Total
Funds
2021
£
404,818
1,795
280
3,338
410,230
362,163
362,163
48,067
-
48,067
691,348
739,415|Total
Funds
2020
£
404,539
4,249
487
5,279|
|---|---|---|---|---|
|||||414,554|
|||||335,473|
|||||335,473|
|||||79,081
-|
|||||79,081
612,267|
|||||691,348|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing operations.
The notes on page 10-22 form part of these accounts.
Page 8
## **GODMANCHESTER BAPTIST CHURCH**
## **BALANCE SHEET**
## **AS AT 31 DECEMBER 2021**
|Note
**FIXED ASSETS**
Tangible assets
10
**CURRENT ASSETS**
Stock
11
Debtors
12
Cash at bank and in hand
13
**CREDITORS: Amounts falling**
**due within one year**
14
**Net current assets / (liabilities)**
**Total assets less current liabilities**
**TOTAL NET ASSETS**
**FUND BALANCES**
17
Unrestricted Funds
General funds
Designated funds
Restricted Funds|Unrestricted
Funds
£
356,383
356,383
-
34,948
38,151
73,099
(6,287)
66,812
423,195
423,195
58,151
365,044
423,195
-
423,195|Restricted
Funds
£
194,244
194,244
13,519
10,133
98,910
122,562
(587)
121,976
316,220
316,220
-
-
-
316,220
316,220|Total
Funds
2021
£
550,627
550,627
13,519
45,081
137,061
195,661
(6,873)
188,788
739,415
739,415
58,151
365,044
423,195
316,220
739,415|Total
Funds
2020
£
384,081|
|---|---|---|---|---|
|||||384,081|
|||||28,543
29,415
256,006|
|||||313,964
(6,697)|
|||||307,267|
||||||
|||||691,348|
|||||691,348|
|||||86,302
454,547|
|||||540,849
150,499|
|||||691,348|
The financial statements were approved by the Board of Trustees and were signed on its behalf by:
Daniel Beckett Brett Mickelburgh ----------------------------------------------------------------------------Daniel Beckett - Lead Pastor Brett Mickelburgh - Treasurer Date: 11 October 2022 Date: 11 October 2022
Charity number: 1188171
The notes on page 10-22 form part of these accounts.
Page 9
## **GODMANCHESTER BAPTIST CHURCH**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
## **1 Statutory Information**
The charity is a charitable incorporated organisation registered with the Charity Commission in England & Wales. The charity's registered number and principal address can be found on the Charity Information page.
## **2 Accounting Policies**
These financial statements are prepared on a going concern basis, under the historical cost convention.
These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.
The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.
As described in the trustees' annual report and note 21 below, the charity merged with Godmanchester Baptist Church (charity number 1089263) on 1 January 2021 pursuant to an order by the Charity Commission dated 6 July 2020. These financial statements follow the merger accounting provisions of the SORP, and the effect of this is described in note 20 below.
The principles adopted in the preparation of the financial statements are set out below.
## a) Going concern
The trustees (who are the charitable company's directors for the purposes of company law) have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.
b) Income Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.
Income from donations includes:
- i) Recoverable gift aid. This is recognised when the related donation is received. Gift aid that has not been recovered by the balance sheet date is included as a debtor.
- ii) Donated facilities, services and goods. Goods donated for distribution to beneficiaries are recognised as income when receivable at fair value (being an estimate of the amount it would cost to purchase those items). Facilities, services and goods donated for the charity's own use are recognised as income when receivable at their value to the charity.
The charity relies on volunteers to carry out many of its activities, particularly its various ministry activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.
When donated goods, services and facilities are distributed or consumed, an expense in respect of those items is included in the Statement of Financial Activities. At the year end any goods that have not been distributed or consumed are recognised as stock; donated fixed assets are capitalised.
Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from church retreats and other events and courses.
Investment income represents income generated by the charity's assets and includes income from letting the charity's property and bank interest.
Page 10
## **GODMANCHESTER BAPTIST CHURCH**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
## c) Expenditure
Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.
The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.
Expenditure on raising funds comprises the costs incurred on fundraising.
Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.
## d) Fund accounting
- General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects. Endowment funds are donations that are retained as capital in accordance with the donor's wishes. The nature of the restriction determines whether the endowments represent permanent endowments or expendable endowments.
## e) Tangible fixed assets
Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £500 (or it is an item of computer equipment close to this value) and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:
Freehold land Is not depreciated (because it is not consumed by use) Freehold buildings Over 20 to 50 years after taking account of the building's residual value Furniture Over 5 to 10 years Equipment Over 3 to 10 years
The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.
## f) Stocks Stocks of donated items held for distribution to beneficiaries are measured at fair value; stocks of goods donated for the charity's own use are valued at an estimate of their value to the charity.
## g) Pension scheme arrangements
The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.
## h) Taxation
The charity has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.
## i) Financial instruments
The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Except for loans, creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive). The charity recognises liabilities for the principal of those loans that remains outstanding at the year end (i.e. the liabilities exclude any interest chargeable on the loans in future years).
Page 11
## **GODMANCHESTER BAPTIST CHURCH**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
## j) Exemption from preparing a cashflow statement
The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.
## k) Critical accounting estimates and areas of judgement
ln preparing financial statements certain judgements, estimates and assumptions have to be made that affect the amounts recognised in the financial statements. The trustees consider the following to be significant:
- i) The annual depreciation charge for property, plant and equipment is sensitive to changes in the estimates for useful economic life and residual value. These estimates are reassessed annually and, when necessary, adjusted to reflect current circumstances.
## **3 Donations**
|Donations of cash and similar
Donations in kind (note 3a)
Government grants (note 3b)
Other grants receivable
Income tax recoverable
**a**
Donations in kind comprise:
Goods donated for:
Distribution to beneficiaries|2021
£
214,700
74,800
3,000
69,484
42,834
404,818
2021
£
74,800
74,800|2020
£
244,730
102,372
3,641
12,826
40,970|
|---|---|---|
|||404,539|
|||2020
£
102,372|
|||102,372|
Goods donated for distribution represents foodbank donations in kind received for onward distribution.
## **b** Government grants comprise:
|Grants for foodbank/ministries
**4**
**Income from charitable activities**
Church ministries
Other income
**5**
**Income from other trading activities**
Sale of items
**6**
**Investment income**
Property letting
Bank interest|2021
£
3,000
3,000
2021
£
1,679
116
1,795
2021
£
280
280
2021
£
3,109
229
3,338|2020
£
3,641|
|---|---|---|
|||3,641|
|||2020
£
4,143
106|
|||4,249|
|||2020
£
487|
|||487|
|||2020
£
5,136
143|
|||5,279|
Page 12
## **GODMANCHESTER BAPTIST CHURCH**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
|**7**
**Charitable expenditure**
**a**
**Costs incurred directly on specific activities**
Fundraising costs
Cost of goods sold
Salaries, travel and expenses ministers and foodbank
Gifts to speakers
Hospitality
Venue hire
Equipment hire
Literature
Events - other costs
Ministries - other costs
Subscriptions and professional fees
Miscellaneous charitable expenses
Foodbank, including stock purchased and donations in kind expensed
_Subtotal_
Gifts/Grants payable (note 7e)
**b**
**Costs incurred on support & administration**
Governance costs
Professional fees
Administration salaries
Conferences and training
Printing, postage, telephone, internet and stationery
Equipment expensed
Utilities
Repairs, maintenance & cleaning
Depreciation of tangible fixed assets
Insurance
_Subtotal_
**Total expenditure**|2021
£
925
518
63,212
165
1,880
10,627
4,468
771
154
1,792
3,254
461
109,876
_198,102_
41,219
239,321
6,734
39,545
2,400
12,048
2,708
7,256
16,240
32,009
3,904
_122,842_
362,163|2020
£
5,588
362
45,402
100
2,247
8,130
8,033
1,072
2,268
8,202
1,827
4,000
92,682|
|---|---|---|
|||_179,913_|
|||40,070|
|||219,983|
|||2,114
44,603
1,268
8,287
6,702
6,639
9,963
33,898
2,016|
|||_115,490_|
|||335,473|
The fee payable to the independent examiner for preparing and examining the accounts was £3,600 (2020: £2,100 - independent examination only).
## **c Charitable expenditure split by activity - current year**
|Oikodom
Oikodom
Ministries
Events
Foodbank (note 16)
Church
Ministries
Events
Foodbank (note 16)
Church
**Charitable expenditure split by activity - prior year**|Fundraising
costs
£
391
-
-
925
127
1,443
Fundraising
costs
£
362
-
-
-
5,588
5,950|Gifts/Grants
£
311
-
8,667
-
32,241
41,219
Gifts/Grants
£
650
-
2,529
-
36,891
40,070|Direct costs
£
2,217
1,778
128,376
-
64,288
196,659
Direct costs
£
10,642
11,688
100,030
-
51,603
173,963|Support/
governance
costs
£
60
-
3,660
-
119,122
122,842
Support/
governance
costs
£
2,318
-
1,651
-
111,521
115,490|Total
costs
by
activity
2021
£
2,979
1,778
140,703
925
215,778|
|---|---|---|---|---|---|
||||||362,163|
||||||Total
costs
by
activity
2020
£
13,972
11,688
104,210
-
205,603|
||||||335,473|
## d **Charitable expenditure split by activity - prior year**
Page 13
## **GODMANCHESTER BAPTIST CHURCH**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
## **e Gifts/Grants payable**
|Gifts/Grants for UK and overseas mission
Gifts/Grants for the relief of poverty and advancement of health or saving of lives
The comparatives for the previous year are as follows:
Gifts/Grants for UK and overseas mission
Gifts/Grants for the relief of poverty and advancement of health or saving of lives
The charity's principal grants to institutions comprised:
Anglo Indian Concern
Baptist Union of Great Britain Home Mission Fund
Cornerstone Pregnancy Crisis Centre
Organisation working in Central Asia
Huntingdon Area Money Advice
Hope in Action
Medway D-CAF
Rehoboth Children's Homes (Philippines)
Thrive (Youth work)
HCAP
Teepee for Hope
Snack Shack
Grants to institutions for less than £1,000 each|Institutions
£
26,992
7,882
34,874
Institutions
£
32,043
3,514
35,557|Individuals
£
2,213
4,132
6,345
Individuals
£
2,213
2,300
4,513
2021
£
3,812
8,337
1,507
4,470
2,007
1,020
1,008
3,812
1,980
2,927
1,440
-
2,553
34,874|2021
£
29,205
12,014|
|---|---|---|---|
||||41,219|
||||2020
£
34,256
5,814|
||||40,070|
||||2020
£
3,812
8,337
1,507
4,470
2,007
3,350
1,008
3,812
1,650
-
-
1,000
4,604|
||||35,557|
The charity has taken advantage of an exemption conferred by the Charities SORP and has not disclosed the names of some grant receiving institutions as they operate in territories where Christians are persecuted; the disclosure of this information would be prejudicial.
## **8 Analysis of staff costs, the cost of key management personnel and trustee remuneration**
The average monthly number of employees during the year was 3.6 (2020: 4.5). Most of the charity's activities are carried out by volunteers.
No staff received salaries at a rate of more than £60,000 per annum.
The charity's key management comprise the trustees and the key staff named on the Charity Information page. Total employment benefits payable to key management for the year were as follows:
|Other
Employer
Wages &
employment
pension
salaries
benefits
contributions
Trustees:
Daniel Beckett
26,812
-
2,929
Carolyn Keats
9,168
-
-
Ruth Blakey
24,246
-
1,987|2021
£
29,741
9,168
26,233|
|---|---|
||65,142|
The following amounts were payable in the previous year:
|Other
Employer
Wages &
employment
pension
salaries
benefits
contributions
Trustees:
Daniel Beckett
24,863
-
2,753
Carolyn Keats
-
-
-
Ruth Blakey
26,480
-
1,987|2020
£
27,616
-
28,467|
|---|---|
||56,083|
Page 14
## **GODMANCHESTER BAPTIST CHURCH**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
Daniel Beckett and Carolyn Keats served as church leaders, and Ruth Blakey as administrator, and received the above payments for serving in that capacity, not for serving as trustees; these payments are permitted by the charity's governing document.
In addition the charity incurred expenditure totalling £15,773 (2020: £15,765) in respect of the customary provision of accommodation to Daniel Beckett, who is a trustee, so that they could better perform their duties.
## **9 Acting as agent**
On occasion the charity receives money on behalf of other charities, which it banks and then pays out to these charities. This income is received as agent for these other charities and the income, and the related payments, are excluded from the Statement of Financial Activities; any money that has not been distributed by the year end is recognised as a creditor.
During the year the charity acted as agent for an agency working in central Asia administered by GBC on behalf of a church member and, in that capacity:
- a) received £700 (2020: £845) and paid £700 (2020: £970)
- b) at the year end the charity owed £75 (2020: £75) to the central Asian mission agency.
## **10 Tangible fixed assets**
|Cost
At 1 January 2021
Additions
At 31 December 2021
Accumulated depreciation
At 1 January 2021
Charge for the year
At 31 December 2021
Net book value
At 31 December 2021
At 31 December 2020
**11**
**Stock**
Donated goods
For distribution to beneficiaries|Freehold
Property
£
682,237
194,244
876,482
304,169
27,958
332,127
544,354
378,068|Fixtures,
fittings and
equipment
£
44,744
4,311
49,055
38,731
4,051
42,782
6,273
6,013
2021
£
13,519
13,519|Total
2021
£
726,981
198,555|
|---|---|---|---|
||||925,536|
||||342,900
32,009|
||||374,909|
||||550,627|
||||384,081|
||||2020
£
28,543|
||||28,543|
Foodbank donations in kind (received, expensed and held at year-end) are valued at the Trussell Trust's indicative valuation of £1.75/kg.
## **12 Debtors**
|**Falling due within one year:**
Trade debtors
Tax recoverable
Other debtors
Prepayments and accrued income
**Total debtors**|2021
£
42,834
347
1,900
,
45,081|2020
£
20,091
129
9,195
,|
|---|---|---|
|||29,415|
Page 15
## **GODMANCHESTER BAPTIST CHURCH**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
## **13 Cash at Bank and in Hand**
|Cash at bank with immediate access
Notice deposits (with a term of three months or less)
Petty cash
**14**
**Creditors: liabilities falling due within one year**
Taxation and social security
Other creditors (note 9)
Accruals|2021
£
45,843
90,642
577
137,061
2021
£
2,554
75
4,244
6,873|2020
£
165,425
90,413
168|
|---|---|---|
|||256,006|
|||2020
£
-
75
6,622|
|||6,697|
## **15 Pension commitments Summary of pension contributions payable for year:** The charity's pension contributions were as follows
|to defined contribution pension schemes
**Summary of pension liabilities at the year end:**
The charity's pension liabilities at the end of the year were as follows:
in respect of defined contribution pension arrangements
**16**
**Foodbank Fund**
**Income**
Donations of cash and similar
Donations in kind
Government grants
Grants
Income tax recoverable
Investment income
**Expenditure**
Gifts/grants
Food distributed to beneficiaries
Recipe card project grant projects
Other direct costs including salary, storage costs and vehicle lease
Support/administrative costs
Net (expenditure)/net income|2021
£
5,725
5,725
2021
£
244
244
2021
£
33,045
74,800
3,000
6,800
2,372
114
120,131
8,667
98,201
9,910
20,265
3,660
140,703
(20,572)|2020
£
4,740|
|---|---|---|
|||4,740|
|||2020
£
244|
|||244|
|||2020
£
70,534
102,372
-
1,981
3,217
5|
|||178,109|
|||2,529
91,759
-
8,271
1,651|
|||104,210|
|||73,899|
Page 16
## **GODMANCHESTER BAPTIST CHURCH**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
## **17 Funds**
During the year the movements in the charity's funds were as follows:
|_Designated Funds_
Fixed Assets Fund
Buildings
Children
Friday Night Project
Littlefoot
Major Events
Targeted Ministry
Youth
Youth Residential Trips
_General Unrestricted Funds_
Total Unrestricted Funds
_Restricted Funds_
Encouragement
Foodbank
Littlefoot
Mission
Oikodom
Refugee Project
Youth
Aggregate of funds|Opening
balance
2021
£
384,081
60,000
251
2,477
2,774
1,563
1,898
1,286
217
454,547
86,302
540,849
787
96,716
16
50
48,283
1,210
3,437
150,499
691,348|Incoming
resources
2021
£
-
2,815
-
833
-
675
640
35
-
4,998
181,289
186,287
313
120,131
-
175
102,640
684
-
223,943
410,230|Outgoing
resources
2021
£
(32,009)
(10,029)
(211)
(806)
-
(1,778)
(479)
(714)
-
(46,026)
(173,740)
(219,766)
(311)
(140,703)
-
-
(925)
(458)
-
(142,398)
(362,163)|Transfers
in the year
2021
£
4,310
(52,786)
-
-
-
-
-
-
-
(48,476)
(35,700)
(84,176)
-
(5,824)
-
-
90,000
-
-
84,176
-|Gains and
losses
2021
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|Closing
balance
2021
£
356,382
-
40
2,504
2,774
460
2,059
607
217|
|---|---|---|---|---|---|---|
|||||||365,044
58,151|
|||||||423,194|
|||||||789
70,320
16
225
239,998
1,435
3,437|
|||||||316,220|
|||||||739,415|
The transfers referred to above were made for the following reasons:
a) The transfers relate primarily to resources being committed to the Oikodom project as building work progressed
b) Other transfers represent fixed assets purchased and transferred from the general fund, and foodbank costs reimbursed to the general fund.
## **Analysis of net assets by fund**
The assets and liabilities of the various funds were as follows:
|Tangible fixed assets
Stock
Debtors
Cash at bank and in hand
Creditors falling due within one year||General
Designated
funds
funds
£
£
-
356,382
-
-
34,601
347
29,836
8,314
(6,287)
-
58,151
365,044
Unrestricted Funds|Restricted
funds
£
194,244
13,519
10,133
98,910
(587)
316,220|2021
£
550,627
13,519
45,081
137,061
(6,873)|
|---|---|---|---|---|
|||General
funds
£
-
-
34,601
29,836
(6,287)
58,151|||
|||||739,415|
Page 17
## **GODMANCHESTER BAPTIST CHURCH**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
In the previous year the movements in the charity's funds were as follows:
|_Designated Funds_
Fixed Assets Fund
Buildings
Children
Friday Night Project
Littlefoot
Major Events
Targeted Ministry
Youth
Youth Residential Trips
_General Unrestricted Funds_
_Total Unrestricted Funds_
_Restricted Funds_
Encouragement
Foodbank
Littlefoot
Mission
Oikodom
Refugee Project
Youth
_Aggregate of funds_|Opening
balance
2020
£
414,602
9,512
251
1,898
2,378
1,627
2,043
1,086
-
433,397
119,681
553,078
212
23,518
-
211
25,714
6,097
3,437
59,189
612,267|Incoming
resources
2020
£
-
5,136
28
557
615
7,887
477
700
217
15,617
193,513
209,130
1,325
178,109
1,964
50
22,489
1,487
-
205,424
414,554|Outgoing
resources
2020
£
(33,898)
(12,131)
(530)
(1,416)
(231)
(11,688)
(722)
(500)
-
(61,116)
(161,167)
(222,283)
(650)
(104,210)
(1,956)
-
-
(6,374)
-
(113,190)
(335,473)|Transfers
in the year
2020
£
3,377
57,483
502
1,438
12
3,737
100
-
-
66,649
(65,725)
924
(100)
(701)
8
(211)
80
-
-
(924)
-|Gains and
losses
2020
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|Closing
balance
2020
£
384,081
60,000
251
2,477
2,774
1,563
1,898
1,286
217|
|---|---|---|---|---|---|---|
|||||||454,547
86,302|
|||||||540,849|
|||||||787
96,716
16
50
48,283
1,210
3,437|
|||||||150,499|
|||||||691,348|
## _**Analysis of net assets by fund**_
In the previous year, the assets and liabilities of the various funds were as follows:
|Tangible fixed assets
Stock
Debtors
Cash at bank and in hand
Creditors falling due within one year||General
Designated
funds
funds
£
£
-
384,081
-
-
19,099
300
69,322
73,343
(2,119)
(3,177)
86,302
454,547
Unrestricted Funds|Restricted
funds
£
-
28,543
10,016
113,341
(1,401)
150,499|2020
£
384,081
28,543
29,415
256,006
(6,697)|
|---|---|---|---|---|
|||General
funds
£
-
-
19,099
69,322
(2,119)
86,302|||
|||||691,348|
Page 18
## **GODMANCHESTER BAPTIST CHURCH**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
## **Designated funds**
Fixed Assets Fund the value of property and equipment in use and owned by the church Buildings money designated for building development and rental income Children funds set aside for children's work, including summer holiday clubs Friday Night Project funds set aside for this youth project Littlefoot funds set aside for the parent/toddler group Major Events funds set aside for major church events, including the church weekend Targeted Ministry funds set aside for specific ministries aimed at particular groups, such as seniors Youth funds set aside for youth work Youth Residential Trips funds set aside for youth residential activities
## **Restricted funds**
Encouragement funds given for practical help to those in need Foodbank grant funding and other donations given for the Foodbank project Littlefoot funds given specifically towards this parent/toddler group's activities Mission funds given for various mission activities Oikodom funds given for the Oikodom building project Refugee Project support given towards the refugee family sponsored by the church Youth grant funding received for youth work
## **18 Operating lease commitments**
The charity has an operating lease for a van used by the Foodbank. The minimum amount payable (until the next break clause and ignoring the potential effect of future rent reviews) in respect of this lease is as follows:
|Within one year
Between one and five years
Payments falling due:|2021
£
2,026
338
2,363|2020
£
-
-|
|---|---|---|
|||-|
During the year the charity was charged £2,651 (2020: £nil) for its operating lease.
## **19 Capital commitments**
|Contracted for but not provided for by the balance sheet date|2021
£
189,895|2020
£
-|
|---|---|---|
This relates to building contracts for the Oikodom project, yet to be delivered by the contractors.
## **20 Transactions with related parties**
During the year the charity:
- a) received donations totalling £26,685 (2020: £26,913) from related parties (which includes trustees, any other members of key management and anyone closely connected to them).
Except as disclosed in note 8 'Analysis of staff costs', there have been no other transactions with related parties during the year.
Page 19
## **GODMANCHESTER BAPTIST CHURCH**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
## **21 Merger with Godmanchester Baptist Church Trust**
As discussed further in the trustees' report and the accounting policy notes above, Godmanchester Baptist Church (charity 1089263) merged with this charity (number 1188171) on 1 January 2021 with permission from the Charity Commission to transfer the assets of the old charity under an order of the Commission dated 6 July 2020.
All activity during 2020 took place in the previous charity, and all activity during 2021 took place in this newly merged charity. There is thus no analysis to be presented between the entity for the principal components of the Statement of Financial Activities during these periods. All figures in the current year relate to the merged entity, and all comparatives solely to the previous charity.
Similarly, as the entities merged at the beginning of the current financial year, this charity had no net assets at that point, and all net assets at the beginning of this financial year related to the previous charity. As the charities merged (applying the SORP provisions for merger accounting), assets and liabilities were brought over at book value, not fair value. These accounts therefore do not contain any revaluation relating to the merger of the entities. No adjustment was required to align accounting policies and there was no restatement of previously reported funds.
## **22 Events after the balance sheet date**
On 1 April 2022, the charity took possession of a property gifted to it by Little Stukeley Baptist Church (Grace Fellowship). A professional valuation will be obtained however this could be as high as £750,000.
Page 20
## **GODMANCHESTER BAPTIST CHURCH**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
|Note
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
**Total income and endowments**
**EXPENDITURE ON:**
Charitable activities:
7
g
**Total Expenditure**
**Net income/(expenditure)**
**Transfers between funds**
17
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
17||General
Designated
2021
2021
£
£
180,554
435
217
1,578
110
170
408
2,815
181,289
4,998
173,740
46,026
173,740
46,026
7,549
(41,028)
(35,700)
(48,476)
(
)
(
)
(28,151)
(89,503)
86,302
454,547
58,151
365,044
Unrestricted funds|Restricted
2021
£
223,829
-
-
114
223,943
142,398
142,398
81,545
84,176
165,721
150,499
316,220|Total
2021
£
404,818
1,795
280
3,338
410,230
362,163
362,163
48,067
-
48,067
691,348
739,415|||General
Designated
2020
2020
£
£
192,523
6,597
852
3,397
-
487
138
5,136
193,513
15,617
161,167
61,116
161,167
61,116
32,346
(45,499)
(65,725)
66,649
(
)
(33,379)
21,150
119,681
433,397
86,302
454,547
Unrestricted funds|Restricted
2020
£
205,419
-
-
5
205,424
113,190
113,190
92,234
(924)
91,310
59,189
150,499|Total
2020
£
404,539
4,249
487
5,279
414,554
335,473
335,473
79,081
-
79,081
612,267
691,348|
|---|---|---|---|---|---|---|---|---|---|
Page 21