OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-12-31-accounts

Report and Accounts

J & E Pri

Year ended 31 December 2021

BLESSED ACCOUNTANTS 328 London Road Mitcham Surrey CR4 3ND Tel: 020 8544 1551 Email: accountants@blessedltd.com Web: www.blessedaccountants.com

EARLSFIELD BAPTIST CHURCH

FOR THE YEAR ENDED 31 DECEMBER 2021

COMPANY INFORMATION

Registered Office Magdalen Road
Earlsfield
London
SW18 3NZ
Charity Registration Number 1193754
Trustees/Deacons Rev K Parr (Minister)
Mrs J Davis (Secretary)
Mr A Adesuyan (Treasurer)
Ms D Dorman
Mrs B Lee
Mrs L Perez Bernaldez
Mr B Williams
Company Secretary Mrs J Davis
Property Trustees The London Baptist Property Board (L.B.P.B)
235 Shaftesbury Avenue
London
WC2H 8EP
Paid Staff Rev K Parr (Minister)
Ms Y Biney (Cleaner)
Governing Document CIO For Earlsfield Baptist Church
Independent Examiner Mrs M Adriaans ACMA CGMA
Bankers Barclays Bank
Leicester
LE87 2BB
CONTENTS
Page
Trustees Report 2-6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Accounts 10-11

1

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021

The Trustees have pleasure in submitting the Report and Accounts for the year ending 31 December 2021.

Objects of the charity

The principal aims and objectives of the Church are:

The Church is committed to enabling as many people as possible to worship at its services and to become part of the local congregation. Church services were held by Zoom on Sunday mornings from January 2021 to March 2021 due to continuing COVID 19 restrictions. The Church building was reopened for communal worship on 21st March 2021 with services also being available on Zoom for those unable to come to the Church.

Governance

On the 28th February 2021, at a Special Church Members' Meeting, the members approved the incorporation of the Church as a Charitable Incorporated Organisation (CIO) with a constitution. The Church received its registered Charity status on the 9th March 2021.

The policy and operating decisions of the Church rest with the Trustees who met twelve times during the year. Key decisions were brought to Church Members by emailed correspondence (hard copies were sent by post to those without access to the internet) and also communicated at Church Members' meetings.

Review of Activities

Congregation and Members

The Church celebrated its 124th Anniversary in 2021 as did the Junior/Mini Church. Weekly worship services continued to be held on Sunday mornings at 11 am although these services were held on Zoom only from January to mid-March. The Church moved to the Hybrid Model for worship (online and offline community) from 21st March 2021 after COVID restrictions were lifted. During this period the Church continued adherence to Government recommendations of social distancing, hand sanitizing, the wearing of face coverings and no congregational singing. Most restrictions were lifted in July 2021 although face coverings continued to be worn when singing. Zoom online gatherings were also utilised from February to May for 'Tea and Talk at Two on Tuesdays' enabling those feeling isolated to meet others for an hour or so.

The Church was without a Minister for half of 2021, after Rev. Gavin Carpenter's resignation in March 2020. He had served the Church as Minister for 14 years. In the absence of a Minister, worship was usually led by one or two Trustees or by Church Members along with visiting speakers.

Trustees managed the day to day business of the Church with support from Rev Phil Barnard, Regional Team Leader, and Rev Jim Sutton, our appointed Moderator.

Throughout 2021, contact was maintained with all members of the congregation by fortnightly newsletters, telephone calls, emails and, when possible, home visits. In the period covered by this report, three people were received into membership, three members received their home call; four people resigned their membership and one member moved away.

Current membership stands at 44. One child was dedicated during the period.

Due to ongoing COVID restrictions and the absence of a full time Minister, the Church was not able to hold Lent studies but Easter, Pentecost, Harvest and Christmas services were held and limited activities resumed from September 2021.

New Minister Appointed

In early 2021, after interviews in late 2020, Rev Keith Parr was invited to preach as a guest speaker (online service) and then formally invited to 'preach with a view' in March 2021. After this, 43 ballot papers were issued to members; on the 9th April, two Church Members along with the Church Secretary met on the Church premises to count the returned ballot papers. 34 votes were counted of which 32 were in favour of appointing Rev Keith Parr as the new Minister. The result was announced to the Church on Sunday 11th April. The Church welcomed Keith as our Minister on 23rd June 2021 along with his wife Karen and two dogs, The Famous Lola and Marvellous Milo. Induction Service was then held on 26th June 2021.

2

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 DECEMBER 2021

Mission:

Covid Pandemic along with government restrictions were still in place for most of 2021. The Church continued to stay active in the community where it was safe to do so.

• The Church continued support of the Earlsfield Food Bank by the provision of food and other necessities. Volunteers from the Church also manage and help at the Food Bank on Thursday mornings.

• Our BMS Mission Partner, Christine Kling, resigned from her Paris posting at the end of July 2021 and no replacement Partner has been appointed.

• The Church opened on Thursday lunchtimes for individual prayer from September 2021.

• A Prayer Texting Service was initiated in October 2021 whereby members were able to request prayer. These requests and other matters for prayer are circulated on a daily basis.

• With the help of The Red Balloon Family Foundation (Registered Charity in England and Wales 1158982), the Earlsfield Tuesday Club resumed its meetings in November 2021. This provided a weekly, free, after school drop-in club for local children from Reception age through to Year 6. The children, together with their parents, carers and some younger siblings, met from 3.15 pm through to 5 pm on Tuesday afternoons to take part in a range of Bible based activities.

• Throughout the year, the Church continued to support various charities through its Communion offerings - Mission Aviation Fellowship, Christian Solidarity Worldwide, Earlsfield Food Bank, Christian Aid, BMS World Mission, Bible Society, Leprosy Mission, Operation Agri and Home Mission.

• The Leadership Team spent a day together to pray and to discuss the vision for the Church in November 2021.

• A Christmas Coffee Morning and Table Top Sale was held in December 2021.

Premises:

Due to limited activities taking place at the Church, all planned building works were put on hold. In line with Covid guidelines, hand sanitizers continued to be used and stringent cleaning of the premises was maintained. General maintenance of the premises continued throughout the year where needed.

In the absence of a Minister, the Manse was rented to tenants from January 2021. When Rev Keith Parr was appointed in June, the vacant home of a Church Member was rented by the Church to accommodate him and his family. This tenancy was concluded in early December 2021 when the tenants of the Manse gave notice enabling Rev Parr to move into the Manse.

The Colour Box Montessori School continued to rent The Rock on weekday mornings during term time with new management taking over in February 2021. A Dance School and a Stage School hire the hall on weekday afternoons and evenings and on Saturdays respectively. The 6th Earlsfield Guiding Group hire the halls on Wednesday evenings.

Sadly the Church broken into on a number of occasions in the latter part of 2021. Computer equipment and the Minister's personal possessions were stolen and substantial damage sustained. Security measures have been taken to prevent further incidents.

General Data Protection Regulation 2018:

Members of the congregation continued to be contacted by email from the official church email addresses. The Church remains compliant with GDPR. However, as the UK left the EU in early 2021, the Church will need to ensure it follows the new UK guidelines with regard to retaining members' personal information.

Safeguarding:

The church’s safeguarding statement and policy are reviewed annually and copies are displayed throughout the premises. The statement is read to the church members annually and all leaders of clubs and activities held at the church have been made aware of the statement and must adhere to the policy and procedures.

Plans for Future Periods:

Mission: The Trustees remain committed to the mission focus of the Church and endeavour to strengthen the outreach programme whenever possible. There is a mission focus each month when a specific charity or organisation is highlighted and supported through the communion offering.

3

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 DECEMBER 2021

The Church will continue with the Hybrid Model for Sunday services to give our congregation and members the choice of where to worship. Hybrid worship offers more inclusivity; it includes the housebound, those who are unwell, those who may have COVID concerns, those who live far from the the Church Building and those who are busy with work and family commitments.

Hybrid Church offers new opportunities to include more of our community in the body of Christ.

The Church will also be looking at different ways to reach out to the Community such as meeting and holding events in pubs and coffee shops.

Although the Church became a registered Charity in in March, some matters are still outstanding such as new Bank Accounts and new registration with HMRC. These items should be completed in 2022.

Renovations: In 2019, Church Members approved the cost of refurbishment of the existing Hall toilets but, due to the pandemic, this work was placed on hold. Planning Permission has now been granted. However due to the significant increase in labour and material costs, renovation of Church Halls may be put on hold.

Financial Activities and Affairs

Whilst affected and still impacted by the COVID pandemic, the Church's financial position remained stable and secure.

The Church rented out the Manse between January and December as it was empty without a Minister at the start of year.

In February a new 10 year rental lease agreement for the use of 'The Rock', the Church's Hall, was signed with new owners of The Colour Box Montessori Nursery School.

Hall Hire income was still below pre COVID levels as restrictions were still in place in early months of 2021. We expect 2022 fees to be higher.

Members of the congregation continued to give generously to the Church, although average weekly offerings (including direct bank donations) continue to fall year on year.

The Church continues to make all payments and expenses via online bank transfer or Direct Debits. Payments are processed by the Treasurer and then approved online by either the Church Secretary or another Trustee. A small team of Church members meet monthly to count and bank cash/cheque offering.

Please see the attached detailed accounts.

Total Income has increased by £21.4k to £113.9k (2020: £95.4k), due to higher Hall Hire rental income as COVID restrictions lifted.

General Fund has increased by £17.3k to £93.5k (2020: £76.2k). 2020 was impacted by lockdown restrictions. To support our 'community' business and groups that hired the Church halls, the Trustees cancelled all rental payments during lockdown

Restricted Fund has increased slightly by £4.1k to £20.5k (2020: £16.4k) mainly due one off donation of £10k towards Church's Building Fund for renovations. This was partially offset by last year's one off Income of £4.1k as the Church incorporated the 'Over 60s Club' finances into the main Church accounts.

Total Expenditure increased by £33.1k due to combination of new minister (stipend and moving costs) joining in June 2021 and lower cost of not having a minister for 9 months in 2020. Total Expenditure was £98.4k (2020:

The Total Income of £113.9k less total expenditure of £98.4k resulted in a surplus of £15.6k (2020: surplus of

Net assets have increased by £765k to £6,403k (2020: £5,638k), due to increased property valuation based on insurance rebuild values. Total Cash Balance at end of the year was £15.8k (2020: £44.2k).

Funding:

The Church continues to raise necessary funds from within its own membership, congregation and by hiring out its halls. The Church is committed to making donations to other charitable organisations and causes. In this period, £7.5k (£7.4k in 2020) was donated to such charitable organisations and causes including Christian Aid, Leprosy Mission, BMS World Mission and the Baptist Union's Home Mission. In addition to regular giving, the Church is grateful for the continued support to the Church in terms of personal donations and coffee mornings.

4

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021 Finandal R•YAow 12.1% to £33.2k (2020.. £37.7k). Chwdb offwIr￿ gi¥iry) CLyd1rn￿ to d8c¥oase115% ￿ 2021, 17% in 2020 arKI 3% In 2019) a$ both m8mb8rshy and corwJwlth numbars fall a￿1 membe￿. personal (¥￿M$￿nCes change. The yew5 of COVID {3)20 aNI 2021) is a roth•J cry¢gakn as sLvn• ToguL4r fx8hipp8rs hab chosen not to rebjm. Hire of Prtmls8s of £56.1k12020.' £29.4kl has by 91.1%. addl11c￿ £162k frtyn Direct Cburch w>ansos of £82.8k 01 £18.7k we onè off movJrvJ costs I￿ Kfinister and f8m61y and hoLts1￿j ntal accomfft)JattM lor 6 mmths. These costs are off5el by £25k rent81 Inc£iw re¢thved Irom The Manse. Offjrall rect Church •xp8nses have increased by 60%12020: £49.7k) 85 res111 ol havvJ a Th4nistertr slx mon compar811 to nlne months ¥Athout a rninister in 2020. The Church to 8perMI Within ils Tlds YO￿ •>pfjrrae wa8 at 95% {2020.. n%). Th• Churth ¥lm$ to rnaintain on expense fatKJ oforca 90% (1￿ £1 iwKcffie. ￿ on expense). 2021 opwatiry of 95% is hEgher than target due to t)n¥ oll It9al costs of £5.6k rdating to CIO thality stslus aThJ naw k)ng tern rent•l lease agrnement the Cobur Box knt•8sty5 Nmory after Of￿￿￿￿5h1p. Th8 ChLrwth 19 hoAWy on and th8 rom8¥thr ol its ctywrryalion tAthtng as vobjnteorn In ON aspects of tho Chur¢h'8 8¢Ovlti•s. many olththth lilua Impx tr) th• Church's •¥wndth. Ixrt noverthde88 ¢ontrfbJte to the arle¥￿￿t of the Churth a￿￿8. Polleyon RM•Th 11 is tha pdlcy ol th• Church to I￿1n18￿ unwostri¢tsd bonk cash balwKe oquivalanl lo rTwths' •xp•Nliiurn (curr8nUy £15kl. If the balanc8 is hwJher than thls al lh• of the yoar. tho (18118 ) be lrnnsfeffod b) w D•rth se￿n0$ account h8ld L.B.P.B. lo benefit Ir(Mn the intwest rates. At th• of 2020. tot4 bonk cash balan(x was £41.182. thr £10,OC) Fat￿y, £45,(KM) ¥m transffe￿ed to the Churchts Dwit swrvj aCc￿nI held ￿1h LL¥Klon 8aptst Pwty Board IL8.P.81. Tn￿t•••' RMpon•lbllltl•• Ch8rlty Lqw us as TnL8tees b prepare 8t¥t•m8nts fty oath a(¥X￿nI1￿j ￿ar •twJ Ir vlèw ol th8 stat8 01 tho charity and ofits experKllttw8 for ts ywr. 1. Select suitat)le 8ccx>untyry pdiws oThJ aprly them U>n￿lenty. 2. Make judgemenls aTrJ estimates that arg ro)s¢ryt4• and 3. Sl8le th¢ ¥pplkatle accounory stsndath fokn•J. 84¢t to ony matertal deparknM8 dlsdosed and explained in the acuunts. 4. Prepare the finandal stsments on an wr¥J twls it i& to pr88um thgt the rtslty VAII ¢onllnug 6n busin8ss. time. the finanual F)siliryi ol Ihe ￿)mPanY ord that tho ffftnci￿ slatem8nts c(¥rWy V•ith tha Companlas Act Twst888 81$0 h8VO 8 rwslbllity to safeguard th8 •$8ots clth• and lo tAk8 rnasonth steps to pre¥wl fraud or any other irregukyiibe8. Approval MrB J Davis (CPwrch Secrnt8ry1

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EARLSFIELD BAPTIST CHURCH I have examined the accounts for the year ended 31 December 2021 on pages 8 to 11 following which have been prepared on the basis of the a(thunkn'ng policies set out on page 10. Respective Responsibillties of Trustees and Examiner The Trustees of the company are responsible for the preparation of accounts: they consider that the audit requirements under section 144 of the Charities Act 2011 do not apply but that an independent examination is needed. I have been appointed to corxduct an Independent Examination required by section 145 of the Charities Act 2011 and to report in accordance with the regulats'ons made under section 145 of that Act. It is my responsibilty to examine the accounts. without perforniing an audit. and to report to the Trustees. Having satisfied myself that the company is not subject to audit under company law and Is eligible for independent examination. it is my responsibility to.. (1) examine the accounts under section 145 of the Charttles Act 2011: (2) follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011; (3} state whether particular matters have come to my attention. Basls of Examlnofs Statoment This report is in respect of an examination carried out under section 145 of the Charities Act 2011, and in accordance with the general directions given by the Charity Commlssioners. An examination includes a review of the accounting records kept by the charity. and a comparison of the accounts presented with those records. It also includes a review of the accounts and making such enquiries as are necessary for the purpose of thls report. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a Irue and fair viev/ arKI the report is limited to those matters set out in the statemenl below. Examlnerfs Statement Based on my examination, no matter has come to my attention which gives me reasonable cause to believe that in any material respect. accounting records have not been kept in a(xordance with section 386 of the Companies Act 2006, or that the accounts p￿sented do not accord with those records. or compty with the accounting requirements of section 396 of the Companies Act 2006. No matter has come to my notice in connection with my examination to which. in my opinion. attention should be drawn to enable a proper underslanding of the aox)unts. Mrs M Adriaans ACMA CGMA 46 Thrigby Road, Chessington. Surrey. l(r9 2AQ

Unrestricted
General
Restricted
Total
Total
Funds
Funds
Funds
Funds
2021
2021
2021
2020
Note
£
£
£
£
INCOMING RESOURCES
Incoming resources from generated funds
Voluntary income
2a
33,168
20,466
53,634
54,053
Transfer from General Fund
-
-
-
Investment income
80
8
88
609
Gift aid recovered
4,142
-
4,142
8,518
Incoming resources from community activities
Hire of Premises
2b
56,085
-
56,085
29,353
Total Incoming Resources
2,7c
93,475
20,473
113,949
92,534
RESOURCES EXPENDED
Direct Church activities
3a,b
82,753
640
83,393
50,721
Charitable Donations
3c
-
7,456
7,456
7,390
Transfer from General fund
3c
6,436
-
6,436
5,708
Transfer from Restricted fund
3c
-
1,100
1,100
1,500
Total Resources Expended
89,189
9,196
98,385
65,319
Statement of Financial Activities
FOR THE YEAR ENDED 31 DECEMBER 2021
Summary Income and Expenditure Account		 Unrestricted
General
Restricted
Total
Total
Funds
Funds
Funds
Funds
2021
2021
2021
2020
Note
£
£
£
£
INCOMING RESOURCES
Incoming resources from generated funds
Voluntary income
2a
33,168
20,466
53,634
54,053
Transfer from General Fund
-
-
-
Investment income
80
8
88
609
Gift aid recovered
4,142
-
4,142
8,518
Incoming resources from community activities
Hire of Premises
2b
56,085
-
56,085
29,353
Total Incoming Resources
2,7c
93,475
20,473
113,949
92,534
RESOURCES EXPENDED
Direct Church activities
3a,b
82,753
640
83,393
50,721
Charitable Donations
3c
-
7,456
7,456
7,390
Transfer from General fund
3c
6,436
-
6,436
5,708
Transfer from Restricted fund
3c
-
1,100
1,100
1,500
Total Resources Expended
89,189
9,196
98,385
65,319
Statement of Financial Activities
FOR THE YEAR ENDED 31 DECEMBER 2021
Summary Income and Expenditure Account
Net Movement in Funds
Revaluation of assets
Transfers between funds
Accrual		 4,287
11,277
15,564
27,214
747,931
-
747,931
87,269
-
1,100
1,100
1,500
-
-
-
451
Fund balances at 1 Jan 2021
5,624,790
13,258
5,638,048
5,521,613
Fund balances at 31 Dec 2021
6,377,007
25,635
6,402,642
5,638,048
Movements on reserves and all recognised gains and losses are shown above.
Thenotes onpages10-11 formpart ofthese accounts.

8

BALANCE SHEET 8 AT 31 DECEMBER 2021 FIXED ASSErs Tangiblg assets 6277.144 5,529.213 6277.144 5,529213 CURRENf ASSETS London Baplist Propety Board Nats'on￿ SavOng5 Inc(ffje B(¥MI Cash and bank 14.853 126.652 108,835 CURREprr LIABiullES Liabilities falling due vsithin y Sc 1.153 Not Current Awts 125Ag9 108.835 NET ASSETS 6h02.643 5,638,048 FU14D BALANCES UnTe5trict8d fLtnds Germl Funds Qeslgnatsd fiJnd8 RostrK¢ed Funds C8p6ts1 7d 95,$77 7¢ 2S,635 7d 13.258 5 529 213 R8¥wsitslitres ofdKfj¢twthst8es.' a. 7h8 membern have not reqthrnd Ihe chart8L company to 0148in an •(A¥tt o11ts 8ccounts for ocoydance with Secbon 145 olthe ChoniK*s Acl 2011 the acc¥wnts been eXwkn￿dbY an inde￿￿rt examlnef whose rew¥t frxms part ofthis (k)cum￿. n ACMA Charity nurthr. 1193754 The notes cffl pages I￿11 fomi part ofllwo xcounts.

EARLSFIELD BAPTIST CHURCH

Notes to the Accounts FOR THE YEAR ENDED 31 DECEMBER 2021

1 Accounting Policies

The Financial Statements have been prepared in accordance with the Charities Act 2011 on a Receipts and Payments basis.

a) Donated and grant income: Donated income and grants receivable are taken into account when received by the charity. Income received in circumstances where a claim for repayment of tax has been or will be made to HM Revenue & Customs is grossed up for the tax recoverable. Any amount of tax reclaimed from HM Revenue & Customs but not yet received is shown within the charity's debtors.

d) Fixed assets and depreciation: Fixed assets acquired for use by the charity are capitalised and depreciated over their estimated useful life unless they cost less than £5,000 when they are written off on purchase.

Depreciation periods are as follows:

Motor vehicles 25% reducing balance Furniture and office equipment 25% straight line

The company operates a defined contribution scheme for certain of its employees. Pension premiums are charged as they are paid.

2a Voluntary income
General donations
Transfer from General Funds
To Building Fund (via L.B.P.B)
To Building Fund
To Church Denominational
2b Incoming Resources from Activities for Generating Funds
Hall Hire
Investment Income
Gift Aid recovered
Total income
3
Charitable activities
a
Direct Charitable Costs
Minister's Stipend, Pension and NIC
Pastoral Assistance and Visiting Preachers
Ministry Expenses
Church Mission activities
b
Support and Administration
Church Premises Costs
Manse costs
Admin/Other
Combined charitable activity cost
c
Donations
Transfer from General Funds
To Building Fund
To Church Denominational
Transfer From Restricted Funds To L.B.P.B Youth Account
Donations to supported charities and causes
Total expense		 Unrestricted
Restricted
Total
Total
Funds
Funds
2021
2020
£
£
£
£
33,168
14,030
47,198
48,346
-
-
-
0
-
-
-
0
-
6,436
6,436
5,708
33,168
20,466
53,634
54,053
56,085
0
56,085
29,353
80
8
88
609
4,142
0
4,142
8,518
60,307
8
60,315
38,480
93,475
20,473
113,949
92,534
Unrestricted
Restricted
Total
Total
Funds
Funds
2021
2020
£
£
£
£
17,884
-
17,884
10,995
788
-
788
45
0
-
0
0
278
-
278
2,930
18,950
-
18,950
13,971
£
£
£
£
25,694
-
25,694
21,175
24,374
-
24,374
7,699
13,734
640
14,374
7,876
63,803
640
64,443
36,751
82,753
640
83,393
50,721
2021
2020
£
£
£
£
-
-
-
-
6,436
-
6,436
5,708
-
1,100
1,100
1,500
-
7,456
7,456
7,390
6,436
8,556
14,992
14,598
89,189
9,196
98,385
65,319

The freehold land and buildings (Church's premises and a manse) are owned by the Church but held in a trust by the London Baptist Property Board. Insurance rebuild value as at May 2021 is used as valuation for these assets, is considered the most appropriated basis.

EARLSFIELD BAPTIST CHURCH

Notes to the Accounts FOR THE YEAR ENDED 31 DECEMBER 2021

5 Statement of Assets and Liabilities at 31 December 2021

2021 2020
Notes £ £
a)
Cash Funds Bank Current Accounts 14,631 32,694
Bank Deposit Accounts 1,189 11,489
Total Cash at bank 15,820 44,182
National Income Bond Held by London Baptist Property Board 50,000 50,000
Other Monetary Assets London Baptist Property Board - Main Deposit Account (DE16270) 54,691 9,619
London Baptist Property Board - Youth Deposit Account (DE16560) 6,142 5,034
126,652 108,835
London Baptist Property Board - transfer from main deposit to bank current account 0 0
b)
Assets Retained for Church Use June 2021 May 2020
Church Building (Place of worship & praise) - Magdalen Road SW18 3NZ 3,953,720 3,848,633
Church Halls - Magdalen Road SW18 3NZ 1,966,670 1,342,108
Manse (Minister and family residence) 27 Ellerton Road SW18 3NG 356,754 338,472
Church Property Valuation as at May 2021, based Church's insurer, 'Baptist Insurance' rebuild valu 6,277,144 5,529,213
c)
Liabilities
Offering 660 0
Expenses 1,813 0
Net total 1,153 0

6 Staff and Trustees

At 31 December 2021, the charity employed 2 staff. Its activities are generally carried out by volunteers. No staff received salaries at a rate of more than £60,000 per annum.

During the year the Minister was reimbursed for expenses totalling £834.48, the Trustees were reimbursed for expenses totalling £1,503.83.

7 Funds

Analysis of Fund Movements for the Year

a) Unrestricted Funds may be used by the Church for any of its ordinary purposes. The movements in the fund are shown in the Receipts and Payments Account.

b) Designated Funds represent sums set aside, out of oridinary unrestricted funds, for specific designated purposes, but they can be transferred back into general funds at any time.

Fund Name
Fund Purpose
Totals (per Receipts and Payments Account)		 Balance
1 January
£		 Receipts
£		 Payments
£		 Transfers
£		 Balance
31 December
£
0 0 0 0 0

Notes:

c) Restricted Funds represent either income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest, or donations or grants received or invited for a specific purpose. The funds may only be spent on the specific purpose for which they were given. Any balance remaining unspent must be carried forward as a balance on that fund and cannot be absorbed into general funds.

Fund Name
Fund Purpose
Church Denominational
London Baptist Property Board - Youth Deposit Account
Supported Charities
Building Fund
Parents & Toddler Group
Benevolent Fund
Over 60s Club
Totals (per Receipts and Payments Account)		 1 January
£s		 Receipts
£s		 Payments
£s		 Transfers
£s		 31 December
£s
0
7,886
(6,786)
(1,100)
0
5,034
7
0
1,100
6,142
31
1,235
(1,265)
1
1,980
11,200
0
13,180
1,341
0
0
1,341
261
145
0
406
4,611
0
(45)
4,566
13,258 20,473 (8,096) 0 25,635

d) Restatement of Prior Year Fund Balances on Balance Sheet

Restatement of Prior Year Fund Balances on Balance Sheet Restatement of Prior Year Fund Balances on Balance Sheet Restatement of Prior Year Fund Balances on Balance Sheet Restatement of Prior Year Fund Balances on Balance Sheet
£1.5k fund transfer between 'London Baptist Property Board – Youth Deposit' Account and 'Church Denominational Account' was incorrectly shown under ‘General Fund’
instead of ‘Restricted Fund’ on both the Summary of Financial Activities and Balance Sheet in 2020 Accounts.
The below prior year adjustment has been made in this year’s account to ensure opening balances for 2021 are also correct.
Overall zero impact to 2020 Balance Sheet position.		 Reported Restated Adjustment
2020 2020 2020
£ £ £
FUND BALANCES
Unrestricted funds 97,077 95,577 (1,500)
General Funds 0 0 0
Designated funds 11,758 13,258 1,500
Restricted Funds 5,529,213 5,529,213 0
Capital 5,638,048 5,638,048 0