## 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:
- a) the advancement of the Christian faith according to the principles of the Baptist denomination;
- b) the advancement of education in the Christian faith; and
- c) to carry out other charitable purposes in the United Kingdom and/or other parts of the world.
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.
- The Craft and Scrabble Club resumed its meetings in 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.
- The Church is now on Facebook and Twitter enabling further contact via social media.
- The Church website was also upgraded to be more user-friendly.
## _**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 a1 membe. personal (¥M$nCes
change. The yew5 of COVID {3)20 aNI 2021) is a roth*•J cry¢gakn as sLvn• ToguL4r *fx8hipp8rs
hab* chosen not to rebjm.
Hire of Prtmls8s of £56.1k12020.' £29.4kl has by 91.1%. addl11c £162k frtyn
Direct Cburch w>ansos of £82.8k 01 £18.7k we onè off movJrvJ costs I Kfinister and f8m61y and hoLts1j
ntal accomfft)JattM lor 6 mmths. These costs are off5el by £25k rent81 Inc£*iw re¢thved Irom The Manse. Offjrall
rect Church •xp8nses have increased by 60%12020: £49.7k) 85 res111 ol hav*vJ a Th4nistertr slx mon
compar811 to nlne months ¥Athout a rninister in 2020.
The Church to 8perMI Within ils Tlds YO •>pfjrrae wa8 at 95% {2020.. n%). Th• Churth
¥lm$ 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 Of5h1p.
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 ar*le¥t of the Churth* a*8.
Polleyon RM•Th
11 is tha pdlcy ol th• Church to I1n18 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
sen0$ 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*) Faty, £45,(KM) ¥m
transffeed to the Churchts Dwit swrvj aCcnI held 1h LL¥Klon 8aptst Pwty Board IL8.P.81.
Tnt•••' RMpon•lbllltl••
Ch8rlty Lqw us as TnL8tees b prepare 8t¥t•m8nts fty oath a(¥XnI1j 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>nlenty.
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 sts*ments 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 psented 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 eXwkndbY
an indert examlnef whose rew¥t frxms part ofthis (k)cum.
n ACMA
Charity nurthr. 1193754
The notes cffl pages I11 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.
- b) Other income and expenditure: Investment income is taken into account when receivable and expenditure, including irrecoverable VAT, when incurred by the charity, regardless of when payment is made. Donations/Grants payable are taken into account at the earlier of when they are paid or become constructive obligations. Donations/Grants for the support of mission are accounted for on the basis of support that relates to the financial year.
- c) Funds: Unrestricted funds are donations and other income received or generated for the objects of the charity without specified purpose and are available for purposes as directed by the trustees. Restricted funds are amounts received where the donor has specified the purpose for which it should be used.
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
- e) Pension costs:
The company operates a defined contribution scheme for certain of its employees. Pension premiums are charged as they are paid.
- f) Taxation: The Church is a charity but ‘excepted from registration’ under The Charities (Exception from Registration) (Amendment) Regulations 2014 and is exempt from taxation under the Income & Corporation Taxes Acts.
- g) Cashflow statement: The Church has taken advantage of the exemption provided by the Financial Reporting Standard 1 and has not prepared a Cash Flow Statement for the year.
|**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**|
- **4 Assets for Church Purposes**
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**|