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2021-12-31-accounts

ENDED 3 1 DECEMB ER 2021
Unrestricted Unrestricted Restricted Total Total
general designated funds Funds funds
funds funds 2021 2020
Note F F
Income from:
Giving 54,284 2,807 57,091 52,815
interest 400 658 30 1,088 1,793
Letting s 3,961 3,961 2,455
Other income 1,200 1,346 1,536 4,082 5,224
Total Income 59,845 2,004 4,373 66,222 62,287
Expenditure
on:
Housekeeping 19 10,805 190 10,995 9,052
Ministry
and		 mission 11 40,724 3,835 44,559 14,477
Fabric costs 12 14,709 14,709 4,092
Management and administration 13 3,962 270 4,232 2,018
Total Expenditure 70,200 4,295 74,495 29,639
Net income/(expenditure) before
transfers 10,355 2,004 78 8,273 32,648
Transfers
Between		 funds 24 (9,950) 10,000 (50)
Gains on revaluation offixed
assets 14 44,827 44,827 39,001
Net movement in funds 20,305 12,004 44,855 36,554 71,649
Reconciliation of funds
Total funds brought forward at
1 January 2021 125,003 167,875 3,218,743 3,511,621 3,439,972
Total funds carried forward at
31December 2021 104,698 179,879 3,263,598 3,548,175 3,511,621

Unrestricted Unrestricted Restricted Total Total
general designated funds funds funds
funds funds 2021 2020
Note F
Fixed Assets
Church premises 14 2,681,732 2,681,732 2,636,905
Other property
& property-related		 assets 15 570,500 570,500 570,500
Furniture
&equipment		 16 0 376
Total fixed assets 0 3,252,232 3,252,232 3,207,781
Current Assets
Prepayments 17 2,910 2,910 2,640
Debtors 18 2,962 5 2,967 2,871
Cash at bank - short term deposits 19 101,101 179,879 11,361 292,341 299,092
Cash
in hand		 20 40 40 47
Total current assets 107,013 179,879 11,366 298,258 304,650
Amounts
falling		 due within one year:
Accruals 21 1,230 1,230 510
Creditors and advance receipts 22 1,085 1,085 300
2,315 0 2,315 810
Net current assets 104,698 179,879 11,366 295,943 303,840
Total assets less current liabilities 104,698 179,879 3,263,598 3,548,175 3,511,621
Provision for liabilities 23
Total net assets 104,698 179,879 3,263,598 3,548,175 3,511,621
Funds ofthe church
Restricted funds 24 3,263,598 3,263,598 3,218,743
Unrestricted general funds 24 104,698 104,698 125,003
Unrestricted designated funds 24 179,879 179,879 167,875
Total church funds 104,698 179,879 3,263,598 3,548,175 3,511,621

6.Giving
Unrestricted Unrestricted Restricted Total Total
general designated funds funds funds
funds funds
2021 2021 2021 2021 2020
F
Loose offerings 30
10,1		 10,130 9,619
Gift Aid 02
34,6		 1,390 35,992 33,432
Tax recovered under GASDS 02
9		 902 725
Tax recovered on Gift Aid 50
8,6		 348 8,998 8,357
Thank Offering (exc. Gift Aid) 675 675 0
Harvest
offering		 (exc. Gift Aid) 334 334 627
BMS Birthday Scheme gifts (exc.Gift Aid) 40 40 45
Home Mission (exc. Gift Aid) 20 20 10
54,284 2,807 57,091 52,815
a)
Gift		 Aid and tax recovered
on restricted		 funds is split as follows:
Gift Aid Tax recovered
Thank Offering 815 204
Harvest Offering 510 128
Home Mission 20 5
BMS Birthday Scheme 45 11
1,390 ~ 348

Unrestricted Unrestricted Restricted Total Total
general designated funds funds funds
funds funds
2021 2021 2021 2021 2020
Interest on Main Church Fund 400 400 531
Interest on Designated Building Reserve 658 658 1,211
Interest on Restricted Building Fund 30 30 51
400 658 30 1,088 1,793

Unrestricted Unrestricted Restricted Total Total
general designated funds funds funds
funds funds
2021 2021 2021 2021 2020
P
Rent of church flat 2,376 2,376 1,000
Hall/room lettings 1,535 1,535 1,405
Ground Rent from 75Auckland Rd. 50 50 ' 50
3,961 0 3,961 2,455

were somewhat
limited du
9.Other income		 e to coronavirus
restricti		 ons.
Unrestricted Unrestricted Restricted Total Total
general designated funds funds funds
funds funds
2021 2021 2021 ~ 2021 2020
F
Donations 1,200 250 1,450 5,034
Bazaars 1,346 1,045 2,391 10
Rainbow Toddlers 241 241 170
Miscellaneous 0 10
1,200 1,346 1,536 4,082 5,224

Unrestricted Unrestricted Restricted Total Total
general designated funds funds funds
funds funds
2021 2021 2021 2021 2020
F F F
Cleaning 13 13 27
Telephone and Internet access 755 755 583
Office supplies/photocopying 113 113 261
Household provisions 101 101 91
Subscriptions 549 549 586
Heat & light 3,531 3,531 2,781
Council tax &water rates 321 321 374
Minor equipt. purchase/replacement 633 633 78
Insurance 3,909 3,909 3,848
Rubbish collections 329 329 327
Pest control 192 192 96
Catering 359 190 549 0
10,805 190 10,995 9,052

Unrestricted Unrestricted Unrestricted Restricted Total Total
general designated funds funds funds
funds funds
2021 2021 2021 2021 2020
F F F
Stipend —G.Gwendu (Minister) 22,458 22,458 0
Employer's
pension		 contrib. -G.Gwend u 2 539 2,539 0
Minister's
manse related expenses		 2,587 2,587 0
Staff expenses —G.Gwendu 113 113 0
New minister's
removal costs		 1,405 1,405 0
Gift to moderator 999 999 0
Visiting speakers
Home Mission Fund		 1,450
2,360		 1,450
10,2,370		 4,200
2,357
Christian
Education		 Project 1,870 1,870 1,820
BMSWorld Mission 2,360 2,360 2,300
BMS —Ben Francis 1,180 1,180 1,150
BMS —Dave 8 Michele Mahon 1,180 1,180 1,150
BMS Birthday Scheme payments 96 96 101
Local evangelism
projects		 93 93 22
Virtual service software 130 130 50
Thank Offering 1,694 1,694 0
Hope Health Action (Haiti) 1,045 1,045 0
Harvest
Offering		 972 972 913
Rainbow Toddlers 18 18 40
Settlement
costs		 0 374
40,724 3,835 44,559 14,477

Unrestricted Unrestricted Unrestricted Unrestricted Restricted Restricted Total Total
general designated funds funds funds
funds funds
2021 2021 2021 2021 2020
F
Church maintenance 1,351 1,351 838
Church
housing expenses		 12,702 12,702 2,089
Heating
maintenance		 280 280 788
Depreciation
of major equipment		 376 376 377
14,709 0 14709 4092
Church
housing expenses		 includes F4,994on redecoration and refurbishment of the
church flat in preparation for letting it and K4,798 on redecoration and refurbishment
of
parts ofthe manse in preparation for the arrival ofa new minister.
13.Management and administration
Unrestricted Unrestricted Restricted Total Total
general designated funds funds funds
funds funds
2021 2021 2021 2021 2020
F F
Royalties and licence fees 619 619 699
Fire precautions 447 447 299
Landlord's
gas certificates		 50 50 50
Bank charges 103 103 60
Landlord's
licence for church flat		 635 635 0
Professional fees re: conversion to CIO 2,108 2,108 910
Professional fees re: Building works 270 270 0
3,962 270 4,232 2,018

further
 routine increases recommended
by B		 aptist Insurance
since then.		 aptist Insurance
since then.
Church premises
in
Wellesley Road
Insured value at 01/01/15 2,163,511
Revaluation
movements
to 31/12/20		 473,394
Insured value at 31/12/20 2,636,905
Insured value at 31/12/20 2,636,905
Revaluation
movement
24/06/21		 44,827
Insured value at 31/12/21 2,681,732

Cost included
in		 Nature ofcost data Nature ofcost data
balance sheet
Church manse at 225 Balfour 410,000 Trustees' estimate of'deemed
Road, Ilford historical cost' at 1/1/1 5
Flat at 75BAuckland Road, Ilford 150,000 69%oftrustees' estimate of
(There is a third party interest of 'deemed
historical cost' at 1/1/1 5
31%in this property)
Freehold of75Auckland Road, 10,500 Actual purchase price in 2011
Ilford (2flats)
Total 570,500

16.Furniture
&equipment
Cost
At 1 January 2021 27,921
+Additions 0
At 31 December 2021 27,921
Accumulated
depreciation
At 1 January 2021 27,545
+ Charge for year 376
At 31 December 2021 27,921
Net book value at 31 December 2021 0
at 1 January 2021 376

17.Prepayments
Unrestricted Unrestricted
Restricted		 Total Total
general designated funds funds funds
funds funds
2021 2021 2021 2021 2020
F F F
Insurance 1,970 1,970 1,930
Royalties and licences 450 450 410
Manse council tax 245 245 0
Waste collections 85 85 80
Website hosting 80 80 80
Virtual service software 80 80 80
Church flat council tax 0 0 60
2,910 0 2910 2 640
8.Debtors
Unrestricted Unrestricted Restricted Total Total
general designated funds funds funds
funds funds
2021 2021 2021 2021 2020
F
Tax to be recovered under GASDS 271 271 156
Tax to be recovered on Gift Aid 2,203 5 2208 2715
Refund on church flat council tax 288 288 0
Refund re: electric meter works 200 200 0
2,962 5 2,967 2,871
9.Cash at bank —short term deposits
Unrestricted Unrestricted Restricted Total Total
general designated funds funds funds
funds funds
2021 2021 2021 2021 2020
F F F F
CAF Bank account 37,025 235 37,260 39,645
HSBC Account 28,109 3,528 31,637 37,091
Cambridge8
Count.		 31/7Notice A/C 35,967 48,356 84,323 83,574
Nationwide
Account		 62,782 62,782 62,742
Charity Bank 68,741 7,598 76,339 76,040
101,101 179,879 11,361 292,341 299,092

0.C ash in hand
Unrestricted Unrestricted Restricted Total Total
general designated funds funds funds
funds funds
2021 2021 2021 2021 2020
F F
Cash in hand (church) 40 40 47
Cash in hand (Youth activities) 0 0
40 40 47

Unrestricted Unrestricted Unrestricted Restricted Total Total
general designated funds funds funds
funds funds
2021 2021 2021 2020
F F F
Heat & light 600 600 460
Professional fee re: conversion to CIO 500 500 0
Sewerage charges
Church flat utilities		 130
0		 130
0		 0
'50
1,230 0 1,230 510

22.Cred itors and advance rece ipts
Unrestricted Unrestricted Restricted Total Total
general designated funds funds funds
funds funds
2021 2021 2021 2021 2020
Deposits on car park remote controls 250 250 300
Advance receipt ofchurch flat rent 835 835 0
1085 0 1085 300

24. Movement
in F		 un ds ds
Fund Fund
Balances Movement in resources Balances
brought carried
forward Transfers Gains forward
1 Jan 21 Incoming Outgoing in(out) (losses) 31 Dec 21
F F
Unrestricted
general funds
Main Church
Fund		 125,003 59,845 70,200 (9,950) 104,698
Unrestricted
designated		 funds
Designated
Building
Reserve 167,875 2,004 10,000 179,879
Restricted funds
Church premises 2,636,905 44,827 2,681,732
Church manse 410,000 410,000
75b Auckland
Rd+75
freehold 160,500 160,500
Thank Offering 2021 0 1,694 1,694 0
Harvest
Offering 2021		 0 972 972 0
Restricted
Building		 Fund 7,838 30 270 7,598
BMS Birthday Scheme 0 96 96 0
Special collections 10 295 200 105
Bazaar re:Hope Health Action 0 1,045 1,045 0
Special Pastoral
Fund		 699 699
Rainbow Toddlers 1,771 241 18 (50) 1,944
Other youth activities 1,020 1,020
3,218,743 4,373 4,295 (50) 44,827 3,263,598

ENDED 31 DECEMBER 2020 DECEMBER 2020
Unrestricted Unrestricted Restricted Total
general designated funds Funds
funds funds 2020
F f.
Income from:
Giving 51,816 999 52,815
Interest 531 1,211 51 1,793
Lettings 2,455 2.455
Other income 5,044 10 170 5,224
Total Income 59,846 1,221 1,220 62,287
Expenditure
on:
Housekeeping 9,052 9,052
Ministry
and mission		 13,366 1,111 10,477
Fabric costs 4,092 4,092
Management and administration 2,018 2,018
Total Expenditure 28,528 1,111 29,639
Net income/(expenditure) before
transfers 31,318 1,221 109 32,648
Transfers
Between		 funds (20,000) 20,000
Gains on revaluation offixed
assets 39,001 39,001
Net movement in funds 11,318 21,221 39,110 71,649
Reconciliation of funds
Total funds brought forward at
1 January 2020 113,685 146,654 3,179,633 3,439,972
Total funds carried forward at
31 December 2020 125,003 167,875 3,218,743 3,511,621

BALANCE S HE ET AT 31 DECEMB ER 2020
Unrestricted Unrestricted Restricted Total
general designated funds funds
funds funds 2020
F
Fixed Assets
Church premises 2,636,905 2,636,905
Other property a property-related assets 570,500 570,500
Furniture
&equipment		 376 376
Total fixed assets 376 0 3,207,405 3,207,781
Current Assets
Prepayments 2,640 2,640
Debtors 2,871 2,871
Cash at bank - short term deposits 119,879 167,875 11,338 299,092
Cash in hand 47 47
Total current assets 125,437 167,875 11,338 304,650
Amounts
falling		 due within one year:
Accruals 510 510
Creditors and advance receipts 300 300
810 810
Net current assets 124,627 167,875 11,338 303,840
Total assets less current liabi%ties 125,003 167,875 3,218,743 3,511,621
Provision
for		 liabilities
Total net assets 125,003 167,875 3,218,743 3,511,621
Funds ofthe church
Restricted funds 3,218,743 3,218,743
Unrestricted general funds 125,003 125,003
Unrestricted designated funds 167,875 167,875
Total church funds 125,003 167,875 3,218,743 3,511,621