2023-03-31-accounts

		Unrestricted	Endowment	Total	Unrestricted	Endowment	Total
		funds	funds		funds	funds
		2023	2023	2023	2022	2022	2022
	Notes
Income and endowments from:
Voluntary income
and legacies including donations	3	41,250	-	41,250	24,844	-	24,844
Income from
charitable activities	4	161,075	-	161,075	156,951	-	156,951
Investments	5	3,395	-	3,395	2,837	-	2,837
Other income	6	113	-	113	405	-	405
Total income		205,833	-	205,833	185,037	-	185,037
Expenditure on:
Charitable activities	7	166,567	-	166,567	121,610	-	121,610
Net gains/(losses) on
investments11(20,377)-(20,377)142-142
Net movement in funds18,889-18,88963,569-63,569
Fund balances at 1 April
2022171,24012,500				183,740107,67112,500			120,171
Fund balances at 31
March 2023190,12912,500				202,629171,24012,500			183,740

		20232022	20232022
	Notes
Fixed assets
Investments1488,28288,659
Current assets
Debtors15		22,119	20,909
Cash at bank and in hand		93,228	75,172
		115,347	96,081
Creditors: amounts falling due within
one year16		(1,000)	(1,000)
Net current assets		114,347	95,081
Total assets less current liabilities		202,629	183,740
Capital funds
Endowment funds - general1812,50012,500
Income funds
Unrestricted funds
General unrestricted funds	181,263		164,336
Revaluation reserve		8,866	6,904
		190,129	171,240
		202,629	183,740
The financial statements were approved by the Trustees on 4		January 2024
Mrs E MortimerMr K Adams
TrusteeTrustee

		Unrestricted	Unrestricted
		funds	funds
		2023	2022
	Other income	113	405
	Charitable activities
		2023	2022
	Staff costs	50,570	32,038
	Administration	2,087	2,427
	Insurance	10,771	10,111
	Premises costs	64,564	50,665
	Manse expenses	10,969	4,090
	Pastoral care	4,510	4,941
	Resources	1,053	317
	Telephone	1,288	1,826
	Legal and professional costs	395	256
	Sundry expenses	8,187	12,277
	Bank charges	32	32
	Governance costs	1,080	1,080
		155,506	120,060
	Grant funding of activities (see note 8)	11,061	1,550
		166,567	121,610
	Governance costs comprise independent examiner's fees of 1,080 (2022 - 1,080).
8	Grants payable
		2023	2022
	BMS World Mission	1,200	600
	CBA (Baptist Union Home Mission)	1,200	600
	BMS (Baptist Missionary Society) - Ukraine	1,000	-
	Saltmine Trust	1,935	-
	Watford Town Centre Chaplaincy	1,500	-
	Other	4,226	350
		11,061	1,550

Number of employees
The average monthly number of employees during the year was:
	2023	2022
	Number	Number
Pastoral Care (Minister)	1	1
Management of House and Community	2	2
	3	3
Employment costs	2023	2022
Wages and salaries	47,949	26,619
Other pension costs	2,621	5,419
	50,570	32,038
During the year, an amount was paid in relation to Pastoral Care (Minister) by way of a Stipend of 20,852
(2022: 1,104).

Listed
investments
Cost or valuation
At 1 April 202 88,659
Additions20,000
Valuation changes(20,377)
At 31 March 202388,282
Carrying amount
At 31 March 202388,282
At 31 March 202 88,659

15	Debtors
		2023	2022
	Amounts falling due within one year:
	Trade debtors	17,875	17,825
	Other debtors	4,244	3,084
		22,119	20,909
16	Creditors: amounts falling due within one year
		2023	2022
	Accruals and deferred income	1,000	1,000

		MovementMovement
		in fundsin funds
	Balance at	IncomingBalance at Incoming	Balance at
	1 April 2021	Resources1 April 2022 Resources 31 March 2023
Permanent endowments
Sutton Road Fund	12,500	12,500	12,500
	12,500	12,500	12,500

Analysis of net assets between funds
	Unrestricted	Endownment	Total
	Funds	Fund
Fund balances at 31 March 2023 are represented by:
Investments	88,282		88,282
Current assets/(liabilities)	101,847	12,500	114,347
	190,129	12,500	202,629
	Unrestricted	Endownment	Total
	Funds	Fund
Fund balances at 31 March 2022 are represented by:
Investments	88,517		88,517
Current assets/(liabilities)	19,154	12,500	31,654
	107,671	12,500	120,171