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|BALANCE SHEET||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||2022||||2021|||
|||||||Notes||||||||||||
|FIXBDASSETS||||||||||||||||||
|Tangible
fixed assets||||||||||||1,470,120|||||1,122,250|
|Investments||||||||||||380,204|||||380,204|
|TOTAL FIXED ASSETS||||||||||||1,850,324|||||1,502,454|
|CURRENT ASSETS||||||||||||||||||
|Debtors||||||||||27,731||||34,291||||
|Cash at bank and
in hand||||||||||360,334||||669,269||||
|TOTAL CURRENT ASSETS||||||||||388,065||||703,560||||
|LIABILITIES||||||||||||||||||
|Creditors.
amounts
falling due||||||||||||||||||
|within
onc year||||||10||||18,682||||3,218||||
|NFT CURRENT ASSETS||||||||||||369,383|||||700,342|
|TOTAL ASSETS LESSCURRBNT LIABILITIFS||||||||||||2,219,707|||||2,202,796|
|Provisions
for liabilities
and|charges|||||16|||||||||||63,400|
|NET ASSETS||||||||||||2,219,707|||||2,139,396|
|THE FUNDS OF THE CI-IARITY||||||||||||||||||
|Unrestricted
Income Funds||||||||||||2,015,442|||||1,738,442|
|Designated
Income Funds||||||11||||||62,666|||||272,895|
|Restricted
Income Funds||||||12||||||141,599|||||128,059|
|TOTAL CI&RITY FUNDS||||||||||||2,219,707|||||2,139,396|
|The trustcees consider that the||charitable|company||is|entitled||to exemption|||from|the requirement|to|have|an audit||under the|
|provisions ofSection 477(I)ofthe Companies||||Act 2006. Members||||||have|not required
thc charitable|||company||under Section||
|476 ofthe Companies
Act 2006, to obtain an audit|||||for the year ended|||||31 Dcccmbcr 2022. The directors|||||acknowledge
their|||
|rosponsibilities
for ensuring|that the charitable|||company|||keeps accounting||||records which comply||with Section|||386 and 387||
|ofthe Companies
Act 2006 and for preparing||||financial||statements|||which give a true and fair view||||ofthe||state|of|affairs of|
|the charitable
company
as at|31 December 2022 and ofits surplus||||||||for the||year then ended
in accordance||||with|the||
|requirements
ofSection 396|and which othmviise||||comply||with the||requirements|||ofthe Act relating||to thc|financial|||
|statements
as far as applicable||to the charitable||company.||||||||||||||
##
##
|||||2022|2021|
|---|---|---|---|---|---|
||||Notes|||
|CASH FROM OPERATING|ACTIVITIES|||||
|Net cash used in operating|activities||15|11,836|(134,685)|
|Cash flows from investing|activities|||||
|Dividends,
interest and rents||||34,729|41,934|
|Purchase offixed asset||||(355,500)|(39,500)|
|Net cash provided
by investing
activities||||(320,771)|2,434|
|Change
in cash and cash equivalents
in the||year||(308,935)|(132,251)|
|Cash and cash equivalents
at|the beginning|ofthe year||669,269|801,520|
|Cash and cash equivalents|at the end ofthe year|||360,334|669,269|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|GRANTS|AND DONATIONS|—CURRENT YEAR|||||
|---|---|---|---|---|---|---|
|||||||2022|
||||Unrestricted|Designated|Restricted|Total|
||||Funds|Funds|Funds|Funds|
||||f||6||
|Baptist Union Grants|||140,147||129,367|269,514|
|Other grants
and donations|||71,726||9,528|81,254|
|Preaching|fees and expenses||9,307||32|9,339|
|Ministers|Conference||9,840|||9,840|
|Training|courses||9,830|||9,830|
||||240,850||138,927|379,777|
|GRANTS|AND DONATIONS|-PRIOR YEAR|||||
|||||||2021|
||||Unrestricted|Designated|Restricted|Total|
||||Funds|I'unds|I'unde|Funds|
|||||6|||
|Baptist Union Grants|||113,432||104,706|218,138|
|Other grants and donations|||1,868||2,298|4,166|
|Preaching|fees and expenses||5,797|||5,797|
|Ministers|Conference||2,070|||2,070|
|Gift Aid|||300|||300|
|Training|courses||915|||915|
||||124,382||107,004|231,386|
##
##
##
||||||2022|
|---|---|---|---|---|---|
|||Unrestricted|Designated|Restricted|Total|
|||Funds|F'unde|Funds|Funds|
|Bank interest||6,566|||6,566|
|Baptist Insurance|Company|801|||801|
|Property rental||27,362|||27,362|
|||34,729|||34,729|
##
|INVESTMENT|INCOME - PRIOR YEA|R|||||
|---|---|---|---|---|---|---|
||||||2021||
|||Unrestricted|Designated|Restricted|Total||
|||Funds|Funds|Funds|Fulids||
|Bank interest||8,157|||8,|157|
|Baptist Insurance|Company|801||||801|
|Property rental||32,976|||32,976||
|||41,934|||41,934||
##
|CHARITABLE ACTIYITIES - CURRENT YEAR|CHARITABLE ACTIYITIES - CURRENT YEAR|CHARITABLE ACTIYITIES - CURRENT YEAR|CHARITABLE ACTIYITIES - CURRENT YEAR||||2022|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Designated|Restricted|Total|
|||||Funds|Funds|Funds|Fullds|
|||||||8||
|Ministry
employment|||costs|119,387|||119,387|
|expenses||||23,488|||23,488|
|Baptist deficit pension||adjustment||(55,392)|||(55,392)|
|Safeguarding
Officer||||5,807|||5,807|
|Safeguarding
officer|expenses|||317|||317|
|Manse regular expenses||||9,343|||9,343|
|One offManse expenses||||9,717|||9,717|
|Manse rental||||2,670|||2,670|
|Manse repairs/services/rental||||3,095|||3,095|
|Mission||||7,409|12,144|118,449|138,002|
|Establishment||||15,627|||15,627|
|Ministers
conference||||12,102|||12,102|
|Other expenditure||||3,702||7,397|11,099|
|EBAAssembly||||437|||437|
|Youth expenses||||204|||204|
|Depreciation||||7,630|||7,630|
|||||165,543|12,144|125,846|303,533|
|Support Costs|||||||2022|
|||||Unrestricted|Designated|Restricted|Total|
|||||Funds|Funds|Funds|Funds|
|||||||f||
|Company
secretary's|salary|||22,374|||22,374|
|Company
secretary's|expenses|||2,998|||2,998|
|Independent
extuniner's||fees||1,770|||1,770|
|Legal and statutory
payments||||3,520|||3,520|
|||||30,662|||30,662|
|Total Charitable
Activities||||196,205|12,144|125,846|334,195|
##
##
##
|CHARITABLE|ACTIVITIES|ACTIVITIES|ACTIVITIES|- PRIOR YEAR|- PRIOR YEAR|- PRIOR YEAR|||||2021|
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||Unrestricted|Designated|Restricted||Total|
||||||||Funds|Funds|Funds||Funds|
|Minisny|employment||costs||||94,008||||94,008|
||expenses||||||10,319||||10,319|
|Safeguarding
Officer|||||||5, 110||||5,110|
|Manse regular|expenses||||||8,648||||8,648|
|One offManse|expenses||||||21,538||||21,538|
|Manse rental|||||||1,437||||1,437|
|Manse repairs/services/rental|||||||3,268||||3,268|
|Mission|||||||8,741|1,000|147,763||157,504|
|Establishment|||||||11,708|||26|11,734|
|Ministers
conference|||||||4,024||||4,024|
|Other expenditure|||||||4,627|5,000|5,060||14,687|
|EBAAssembly|||||||96||||96|
|Depreciation|||||||7,400||||7,400|
||||||||180,924|6,000|152,849||339,773|
|Support Costs|||||||||||2021|
||||||||Unrestricted|Designated|Restricted||Total|
||||||||Funds|Funds|Funds||Funds|
|Company
secretary's
salary|||||||22,066||||22,066|
|Company
secretary's
expenses|||||||2,762||||2,762|
|Independent
examiner's||fees|||||1,423||||1,423|
|Legal and statutory
payments|||||||999|1,260|||2,259|
||||||||27,250|1,260|||28,510|
|Total Charitable
Activities|||||||208,174|7,260|152,849||368,283|
|TRUSTEE AND STAFF REMUNERATION||||||||||||
|The staff costs|were:||||||||2022||2021|
|Trustees (Regional Ministers)||||and|support|statf||||||
||Salaries||||||||128,109||106,804|
||Social security|||costs|||||6,238||5,484|
||Pension|costs|||||||13,220||8,896|
||||||||||147,567||121,184|
|Average weekly number||ofstaff employed||||during|the year:|||||
|Full time||||||||||||
|Part time||||||||||||
|||||||||||6|5|
##
|compensation
received
by key management
including
benefits|compensation
received
by key management
including
benefits|is f36,703 (202|1:691,6|14).||
|---|---|---|---|---|---|
|NET INCOME FOR THE YEAR||||2022|2021|
|Net income for the year|is stated after charging:|||||
|Independent
examiner's|fees|||1,770|1,422|
|TANGIBLE FIXEDASSETS - CURRENT YEAR||Oflice|and|||
|||computer||Operating||
|||equipment||property|Total|
|COST||||||
|Balance at I Januaty 2022|||3,779|1,144,450|1,148,229|
|Additions||||355,500|355,500|
|Balance at 31December|2022||3,779|1,499,950|1,503,729|
|DEPRECIATION||||||
|Balance at I January 2022|||3,779|22,200|25,979|
|Depreciation
charge||||7,630|7,630|
|Balance at 31December|2022||3,779|29,830|33,609|
|NE'f BOOK VALUE||||||
|At 31December 2022||||1,470,120|1,470,120|
|TANGIBLE FIXEDASSETS - PRIOR YFAR||Office and||||
|||computer||Operating||
|||equipment||property|Total|
|COST||g||||
|Balance at I January 2021|||3,779|1,104,950|1,108,729|
|Additions||||39,500|39,500|
|Balance at 31December|2021||3,779|1,144,450|1,148,229|
|DEPRECIATION||||||
|Balance at I January 2021|||3,779|14,800|18,579|
|Depreciation
charge||||7,400|7,400|
|Balance at 3I December|2021||3,779|22,200|25,979|
|NET BOOK VALUE||||||
|At 31December 2021||||1,122,250|1,122,250|
##
|ACCOUNTS FOR THE|ACCOUNTS FOR THE|YEAR ENDED|YEAR ENDED|YEAR ENDED|YEAR ENDED|YEAR ENDED|31 DECEMBER 2022||||
|---|---|---|---|---|---|---|---|---|---|---|
|NOTES TO|THE ACCOUNTS||||||||||
||||||||||Book Value|Book Value|
||OPERATING PROPERTY||||||NET BOOK VALUE||as at|as at|
||||||||||3I/12/2022|31/12/2021|
||46 Churchill|Road, Thetford|||||||243,150|244,850|
||2 Buchanan|Gardens,||Wickford|||||347,480|349,860|
||17Station Road||||||||484,720|488,040|
||16 Firethom|Court|||||||394,770|39,500|
||||||||||1,470,120|1,122,250|
|8|INVESTMENTS||- CURRENT YEAR|||||Freehold|Unlisted||
|||||||||Property|investment|Total|
||Mmket value|at I|January|||2022||377,000|3,204|380,204|
||Market value|at 31 December 2022||||||377,000|3,204|380,204|
||INVESTMENTS||- PRIOR|||YEAR||Freehold|Unlisted||
|||||||||Property|investment|Total|
|||||||||6|||
||Market value|at I|Januaty|||2021||377,000|3,204|380,204|
||Market value|at 31 December 2021||||||377,000|3,204|380,204|
||Unlisted
investment||||||||||
||||||||||2022|2021|
||Baptist Insurance||Company||||shares||||
||Loan fund||||||||801|801|
||General fund||||||||2,403|2,403|
||||||||||3,204|3,204|
||DEBTORS:|Due|within||onc||year||2022|2021|
||Loans to Churches||||||||24,791|34,291|
||Trade debtors||||||||420||
||Other debtors||||||||2,520||
||||||||||27,731|34,291|
|]0|CREDITORS: Due within|||||one year|||2022|2021|
||Trade payables||||||||1,572|1,868|
||Accruals||||||||1,560|1,350|
||Deferred income||||||||15,550||
||||||||||18,682|3,218|
##
##
||DESIGNATED FUNDS|DESIGNATED FUNDS|Brought|||||Carried|
|---|---|---|---|---|---|---|---|---|
||-CURRENT YEAR||forward|Income|Expenditure|Movement|Transfers|forward|
||||||||f||
||Pension Reserve Fund||200,003||||(200,003)||
||Pioneer||5,000||||(5,000)||
||Mission||67,892||(12,144)|(12,144)|6,918|62,666|
||||272,895||(12,144)|(12,144)|(198,085)|62,666|
||DESIGNATED FUNDS||Brought|||||Carried|
||-PRIOR YEAR||forward|Income|Expenditure|Movement|Transfers|forward|
||||6||||||
||Pension Reserve Fund||253,459||||(53,456)|200,003|
||Pioneer||10,000||(5,000)|(5,000)||5,000|
||Mission||95,152||(2,260)|(2,260)|(25,000)|67,892|
||||358,611||(7,260)|(7,260)|(78,456)|272,895|
|12.|RESTRICTED FUNDS||Brought|||||Carried|
||—CURRENT YEAR||forward|Income|Expenditure|Movement|Transfers|forward|
||||6||||||
||Home Mission Fund||61,457|137,229|(115,195)|22,034||83,491|
||Southminster
Fund||51,600|284|(5,100)|(4,816)|(7,641)|39,143|
||Lay Ministry
Fund||1,654||||7,771|9,425|
||Ministers'
Benevolent|Fund|3,566|1,414|(1,989)|(575)|460|3,451|
||Ministers
Training
Fund||9,782||(3,562)|(3,562)|(131)|6,089|
||||128,059|138,927|(125,846)|13,081|459|141,599|
||RESTRICTED FUNDS||Brought|||||Carried|
||-PRIOR YEAR||forward|Income|Lxpenditure|Movement|Transfers|forward|
||Home Mission Fund||72,370|105,906|(141,819)|(35,913)|25,000|61,457|
||Southminster
Fund||51,600|||||51,600|
||Lay Ministty
Fund||9,295|105|(7,746)|(7,641)||1,654|
||Ministers'
Benevolent|Fund|3,426|993|(1,853)|(860)|1,000|3,566|
||Ministers
Training
Fund||11,213||(1,431)|(1,431)||9,782|
||||147,904|107,004|(152,849)|(45,845)|26,000|128,059|
##
##
##
|ANALYSIS OF NET ASSETS|ANALYSIS OF NET ASSETS|Unrestricted|Designated|Restricted|Total|
|---|---|---|---|---|---|
|-CURRENT YEAR||Funds|Funds|Funds|Funds|
|||6|6|||
|Tangible fixed assets||1,470,120|||1,470,120|
|Investments||379,403|801||380,204|
|Net cun ant assets||165,919|61,865|141,599|369,383|
|||2,015,442|62,666|141,599|2,219,707|
|ANALYSIS OF NET ASSETS||Unrestricted|Designated|Restricted|Total|
|- PRIOR YEAR||Funds|Funds|Funds|Funds|
|||||6||
|Tangible fixed assets||1,122,250|||1,122,250|
|Investments||379,403|80]||380,204|
|Net current assets||300,189|272,094|128,059|700,342|
|Provisions
for liabilities|and charges|(63,400)|||(63,400)|
|||1,738,442|272,895|128,059|2,139,396|
|15.|RECONCILIATION|OF NET MOVEMENT|OF NET MOVEMENT|IN FUNDS TO|NET CASH FLOW FROM||
|---|---|---|---|---|---|---|
||OPERATING ACTIVITIES||||||
||||||2022|2021|
||Net income for the reporting||period as pcr SOI'A||80,311|(94,963)|
||Adjustments
for'.||||||
||Dividends,
interest and rents||from investments||(34,729)|(41,934)|
||Depreciation||||7,630|7,400|
||Decrease in debtors||||6,560|9,500|
||Increase/(decrease)|in creditors|||15,464|682|
||Increase/(decrease)|in pension|provision||(63,400)|(15,370)|
||Net cash used in operating
activities||||11,836|(134,685)|
##
##
##
|Type ofassumption|||%pa|
|---|---|---|---|
|RPI price inflation|assumption||3.20|
|CPI price inflation|assumption||2.70|
|Minimum
Pensionable||Income increases (CPI plus 1.0%pa)|3.20|
|Assumed
investment||returns||
|- Pre-retirement|||2.95|
|- Post retirement|||1.70|
|Defemed pension|increases|||
|- Pre April 2009|||3.20|
|- Post April 2009|||2.50|
|Pension increases|||2.70|
##
##