EAST MIDLAND
BAPTIST ASSOCIATION
ANNUAL REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2023
Company Registered Number: 4302466
Charity number 1094457

EAST MIDLAND BAPTIST ASSOCIATION
YEAR ENDED 31ST DECEMBER 2023
INDEX TO THE FINANCIAL STATEMENTS
Page
Company Information
Annual Report of the Trustees
418
Report of the Independent Examiner
Statement of Financial Activities
10
Balance Sheet
Notes to the Financial Statements
12119

EAST MIDLAND BAPTIST ASSOCIATION
COMPANY INFORMATION
DIRECTORS
Revd M Clay
Revd M l Hills
Revd H M Colk
Revd M A Jones
Mr A Smallridge
Revd D C Harvey
MrsEMCox
Mrs K G Mcmanus
(Regional team leader)
reasurer)
{Moderator)
COMPANY SECRETARY
Mrs R Nicholls
REGISTERED OFFICE
West Bridgford Baptist Church
Melton Road
West Bridgford
NorriNGHAM
NG2 7NF
REGISTERED NUMBER
4302466
CHARITY NUMBER
1094457
INDEPENDENT EXAMINER
ARRpri￿FCA
A R R Pri￿ Limited
17 Newstead Grove
NOTtINGHAM
NG14GZ
BANKERS
Uoyds TSB
43 Irongate
DERBY
DE1 3Fr

EAST MIDLAND BAPTIST ASSOCIATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023
The Trustees present their report with the unauditsd financial statements of the company for the year ended
31 st De￿rnber 2023.
PRINCIPAL ACTIVITY
The principal activity for the year under review was that of Charitable Trustees.
OBJECTS OF THE CHARITY
The East Midland Baptist Association is a company limited by guarantee and a registered charity. Its objects
are set out in the Memorandum and Articles of Association dated July 2014 and include provision as to:
The promotion of Evangelical Christian religion in the East Midlands or elsewhere according to the
principles and usage for the time being of Protestants of the Baptist Denomination and for the
furtherance of such objects to hold religious. evangelical. educational, philanthropic, social or
business meetings and generalty to act as may from ts'me to time be determined.
Support or assist in supporting Ministers, Evangelists. Lay Pastors, Teachers, Missionaries and any
of them and all or any Churches, Missions. Societies, Associations, Committees and Causes
connected with the Baptist Denomination.
Provide monies required for all or any of such purposes.
CHARI￿ ORGANISATION
The main decision-making body of the Association during the year was the Board of Directors (the Trustees),
which was made up of those elected by the member churches plus the Regional Minister Team Leader and
the Association Treasurer (bjth ex-officio) and one ClHJPted member.
The company has one wholly owned subsidiary, The East Midland Baptist Trust Company. The Directors of
the Trust Company are appointed by the Board of the Association.
The Mission work amongst the churches is undertaken by the Associab'on Company and the Custodian
Trusteeship work being undertaken by the Trust Company
OBJECTIVES AND ACTIVITIES
The objects of this charitable company are the advancement of the Christian faith. particularly across the East
Midlands and especially by the means of and in accordan￿ with the principles of the Baptist denomination
as set out for the time being in the Declaration of Principle of The Baptist Union of Great Britsin (BUGB}.
The charitable company exists as a ne￿ork of churches seeking to serve God's kingdom, led by the Holy
Spirit, enabling a51 to do everything possible to fulfil God's apostolic mission and ministry within the
communities in which they are placed. The charitable company believes that the local church is the primary
way in which God's apostolic mission is fulfilled and as such, healthy churches are crucial to seeing God at
work across the region. The trustees of the charitable company are committed to growing healthy churches
through inspiring, equipping, canng, partnering and pioneering. These five priorities guide the work of the
charilable company.
The principal activities of the charitable company are the employment of a Regional Ministry and
administrative staff team and the organisation of a number ofvolunteers, working in groups or individually, to
offer support and guid2nGe, training and financial resources to advance the Christian faith in a way which
benefits Baptist churches and the communities they serve.
The charitable company is part of the family of Baptist organisations serving the needs of rnany of the Baptist
churches in Great Britain, working particularly dosely with the Baptist Union of Great Britain and BMS World
Mission.

EAST MIDLAND BAPTIST ASSOCIATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023
EMBTC Small Building Project Grants
rhe East Midland Baptist Trust Company {EMBTC} established the Small Building Project Grant fund to
support EMBA churches in the maintenance, renewal and development of theirchurch buildings. During 2023,
EMBTC have awarded five Small Building Project Grants to assist with the following projects..
Buckminster Road Baptist Church, Leicester- Refurbishment of three rooms for community use.
Central Baptlst Church, L8icester- Garden projecL
Market Bosworth Free Church, Leicestershire- Damp proofing course.
Melton Mowbray Baptist Church. Lelcestershire- Community Church Garden.
Swanwiok Baptist Church, Derbyshire - re-roofing, replacing entran￿ door, insulation and damp
proofing
EMBA Retired Baptist Ministers, Network (RBMN)
Around 90 Baptist Ministers have "retired" in the East Midlands.
A clear pattern for our Retired Ministers, Network has emerged as some prefer to meet by Zoom only,
some enjoy both Zoom and in-person gatherings, some engage only very occasionally, and some not at all.
It has been good, in 2023. to see many of these Ministers, long or rnore recently retired, supporting our
gatherings.
We will continue to facilitste fijrther activities for this network.
EMBA Ministry Recognition Committee (MRC
The Ministry Recognition Committee primarily works with those who are exploring a call to ministry across the
EMBA.
In 2023 we had the prrvilege of meeting with four individuals who were exploring a call to accredited ministry.
One was exploring a call to be an accredited pastor, and three were exploring a call to be a fully accredited
minister with the Baptist Union of Great Britain. Of these three, one was already undertaking training at
College, one was looking to go to college in 2024. and one was a reinstatement to the accredited list following
a return to the United Kingdom. The MRC were delighted to commend all four to the Baptist Union.
In November 2023. the EMBA joined with the Yorkshire Baptist Association and with St Hild College to host
an online 'explore your call event, for individual's we are in the early stages of asking what God might be
asking of them, and whether this might include some form of ministerial foimation.
MRC is comprised of representstives from the regional team, EMBA ministers, and others who have been
appointed by our churches. We are grateful for the work and time that they give to this group.

EAST MIDLAND BAPTIST ASSOCIATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023
Grants Group
In 2023, EMBAwere able to continue to fund three Mission Grants and Pioneer Mission Grants to support
church and pioneer ministry and EMBA ministers-in-training with Minister-in-Training Training Grants
{MIThG}.
In recent months, the Regional Team have undertaken a review of the mission grant and pioneer mission
grant criteria, process and requirements. The outcome of the review has been the creation of a new Grant. a
Mission Partnership Grant, available to help a Baptist Church, pioneering ministry or ecumenical partnership
including Baptists. to engage effectively in mission by supporting a minister, minister in training, or other
workers. At the heart of the Mission Partnership Grant (MPaG) is a more active approach involving genuine
partnership be￿een each grant recipient and the EMBA, mainly expressed through a Mission Accompanier
{MA) who will journey with the rninistry throughout the grant period. The grant aims to encourage and support
a ministry to become thoroughly missional in nature, to foster accountsbility and also increase the likelihood
of long-term financial sUStainabiSity.
Safeguarding
As followers of Christwe have a Gospel responsibility to ensure thatwe are giving of our very bèst to all those I
we welcome amongs+ us and that we do so within an atmosphere of safety and security. During the past
year we have continued to see a high demand for safeguarding training and it has been encouraging to see
several of our churches reaching out and seeking Association support with safeguarding policy and practice
that have not previously. During the past year we have also sought to improve the safeguarding training
booking process., the move to online bookings and payments using Churchsuite having created a much easier
and simpler administrative process for everyone. A total of 52 trainings were held during 2023 (32 Level Two
trainings and 20 Level Three trainings) resulting in over 1000 ministers, leaders and church workers receiving
training across our regionl Further information about safeguarding trainings can be found on the EMBA
website.
The Association was also delighted to announce the appointment of Mr Kenny Henry as our first paid
Safeguarding Lead for the Association. Kenny join&J the Regional Team and commenced this new role in
November 2023. Initially, Kenny has focused on the safeguarding case file and assisting Ghurches with
safeguarding concerns but over the coming year. he will also be taking over all of the safeguarding
administration.
During the year, we were pleased to be able to resource those in our churches who have taken on the role of
Designated Person for Safeguarding (DPS). In July we were joined by Rachel Stone and Nicky Gibbard from
the National Safeguarding Team who led a training day specifically for Church DPS'S. The day was wèll
attended and received significant positive feedback, with DPS'S reporting feeling supported, encouraged and
better equipped in their role going fo￿ard. The Association hope to provide an annual training day for DPS'S
with plans underway for 4Ynother event in the Autumn of 2024.
EMBA Training
The Association continues to deliver a wide range of resources to help churches. These include the
Re,imagine and Rooted programs. Re:itnagine takes participating churches through a ￿0-year learning and
development process Imeeting roughly every six months) and encourages leadership teams to reflect on
areas of culture, leadership, discipleship and mission so that they are better equipped to engage with the
communities they are part of and be kinadom focused churchks.
While Rooted is the EMBA'S commitmentto equip ministers and leaders for contemporary ministry and to help
churches engage in mission and ministy in our ever-changing world.
There are plans to deliver the CPAS Growing Leaders Course, which aims to help develop emerging and
existing leaders. This course focuses on ihe Characteristics and skills of Christian leadership ar4d combines
teaching, mentoring and practical application.

EAST MIDLAND BAPTIST ASSOCIATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023
EMBA Ministers, Conference
As in previous years, we continue to hold a Ministers Conference in February.
There is a growing sense among ministers that the conference is drawing them closer together and is a
significant time for in their ministries. We encourage ministers and churches to invest in these days as a
priority for challenging, refreshing, learning and enabling that will have an impact back home in our Ghurches.
RESERVES POLICY
The Directors have determined that the minimurn Reserves required to be maintained are equivalent to three
months, pay in lieu of notice for all paid staff plus an equal amount for contingencies.
RISK REVIEW
A review of the major risks which impact on the work of the Association has been undertaken and prO￿dureS
have been established to manage the risks identified.
TRUSTEES
The Trustees of the company during the year and at the date of this report were:
Moderator:
Company Secretary..
Treasurer. (ex officio)
Revd Mark Clay(ex officio}
Revd Martin Hills
Revd Matthew Jones
Rev David HaNey
Mrs Becky Nicholls (non-voting)
Mr A Smallridge
Mrs Eleanor Cox
Mrs Kay Mcmanus
Revd Hannah Colk
STATEMENT OF TRUSTEES, RESPONSIBILITIES
Company Law requires the Trustees to prepare financial statements for each financial year which give a Irue
and fairview ofthe state ofaffairs of the Association and OT Its eX￿sS or deficiency of income over expenditure
for that period. In preparing those financial statements the Trustees are required to..
Select suitable accounting policies and then apply them consistently.
Observe the methods and principles in the Charities SORP.
Make judgements and estimates that are reasonable and prudent.
State whether applicable accounting standards and statements of recommended practice have been
followed, subject to any material departures disclosed and explained in the financial statements.. and
Prepare the financial statements on the going Con￿rn basis unless it is inappropriate to presume that
the charitable company will continue in operation.
STATEMENT ON PUBLIC BENEFIT
Our main activities and who we are and the objectives of the charitable company are described above. All
our charitable activities focus on the promotion of the Evangelical Chrtstian Religion and the support of its
Ministers, Lay pastors and Churches connected with the Baptist denomination and are undertaken to further
our charitable purpose for the public benefit.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy
at any time the financial position of the Association and enable us to ensure that the financial statements
comply with the Companies Act 2006. We are also responsible for safeguarding the assets of the Association
and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

EAST MIDLAND BAPTIST ASSOCIATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023
STATEMENT OF TRUSTEES. RESPONSIBILITIES (Continued)
This report has been prepared in accordance with Accounting and Reporting by Charitie5. Statement of
Recommended Practice and Reporting by Charib'es SORP 2019 (FRS102) in accordance with the special
provisions of Part 15 of the Companies Act 2006 relating to small entities.
SIGNED ON BEHALF OF THE TRUSTEES
Dated".
F4PrY 2£)2Lk .

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EAST MIDLANDS BAPTIST
ASSOCIATION
I report on the accounts of the company for the year ended 31st December 2023 which are set out on pages
12to 19.
This report is made solely to the Charity's Trustees as a body, in accordance with Section 145 of the Charities
Act 2011. My independant examination work has been undertaken so that I might state to the Charities
Trustees those matters l am required to state to them in an Independent Examinerfs Report and for no other
purpose. To the fullest extent permitted by law, I do not accept, or assume responsibility to anyone other than
the Charity and the Chanty's TruSt￿S as a body, for my Independent examination work, for this report, or for
the opinions I have found.
Responsibilities and basis of the report
As the Gharity's Trustees of the company (and also its Directors for the purposes of company lawl are
responsible for the preparation of the accounts in accordance with the requirements of the Companies Act
2006 ("the 2006 Act").
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the
2006 Act and are eligible for independent examination. I report in respect of my examination of your charity's
accounts as carried out under section 145 of the Charities act 2011 I'the 2011 Act.). In carrying out my
examination I have followed the Directions given by the Charity Commission under section 145(51(b) of the
2011 Act.
Independent examlner's statement
Since the company's gross income exGeeded £250,000 your examiner must be a member of a bocly listed in
section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination by because l am a
member of The Institute of Chartered Accountsnts in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the
exarnination giving me cause to believe..
accounting records were not kept in respect of the company as required by section 386 of the
2006 Act, or
2. the accounts do not accord with those records" or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act
other than any requirement that the accounts give a true and fair view which is not a matter
considered as part of the independent examination.. or
4. the accounts have not been prepared in accordance with the methods and principles of
the Statement of Recomrnended Prath"ce for accounting and reporting by Charities (applicable
to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS102).
I have no concerns and have come across no other matters in connection with the examinatiori to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
Name A R R PRICE FCA Chartered Accountant
For and on behalf of ARR Price Limited
17 Newstead Grove
Nottingham
NG14GZ
Date:.....

EAST MIDLAND BAPTIST ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST DECEMBER 2023
{Including Income and Expenditure Aetount)
Restricted
Unrestricted Deslgnated Endowed
Funds
Funds
Funds
Total
Funds
2023
Total
Funds
2022
Note
INCOME from
Charltable activities
BU Operational Funding
BU Home Mission Funding
Donations and legacies
Proceeds from Sale of Closed Churches
Ministers Conferen
Preaching Contn"butions
Sundry Income
Investment Income
Rental Income
182.651
182,651
134,095
119,668
7,954
13.546
12,953
3,184
16,879
34,249
9.308
259,224
12,953
3,184
16,894
41.970
9,308
266,960
3,320
13,508
46.896
7,374
15
7,721
TOTAL INCOME
7,736
346.361
EXPENDITURE ON CHARITABLE ACTWITIES
Employment Costs
Manse Costs
Travel Costs
Training
Ministers Conference
Other Conferences, Commtttees and Meetings
Home Mission Grants
Grants and Donations
Church Relations
Office Costs Inc. Printing and Photocopying
Technology and Telephone
Insurance
Depreciation
Lagal and Professional
Sundry Expenses
Subscripbons
Closed Church costs
Governance Costs
Independent Examinerfs Fee
Insurance
Finan￿ Cost (Pension deficit)
TOTAL EXPENDITURE
154,044
26.098
11,181
11,077
11.745
4.314
88.317
2,498
154.044
26,098
11,181
11,077
11.745
4,314
88.317
11.930
908
4,665
7.277
1.868
9,345
12.249
11.414
2.244
1,615
138,416
25,116
10,551
9,744
2,795
81,101
6,075
1,043
3,876
8,752
1,654
9,017
7,467
7,278
1.9g3
1,740
9,432
4.665
7.277
1.868
12,249
10.482
2.244
1.615
932
1,644
1,330
352
511
361.571
10,364
371,935
316.811
Net Incomel(Expenditure) for the year
beforè other recognised gains
(102,347)
{2,6281 {104,975)
29,549
Transfers between funds
773.615
(773.615)
other R8cognised Losses on Investrnents
19,070
2.631
21,701
(104,270)
Actuarial gainslllosses) on defined Benefrt sC￿me
37,067
Net Incomel{Expenditurel for tho year
and Net Movement in Funds
69).338
780.494
1773,6151
773.615
<83,274)
1,767,432
137,654)
1,805,086
1,767,432
Balances at 1st January 2023
Balances at 31st December 2023
213.323
11-13
1.470.832
213.326
1,684.1S8
All of the Charity'8 activities are derived from conb"nuing activities.
10

EAST MIDLAND BAPTIST ASSOCIATION
BALANCE SHEET AT 31ST DECEMBER 2023
Company Number 4302466
2023
2022
Note
Fixed Assets: Tangible Assets
Current Assets
Debtors
Cash on Deposit
Cash at Bank
5,334
11,420
623,038
1.007,365
82,417
1,712,820
1.746,081
15,535
1,761,616
Creditors
Falling due within one year
33.966
5,562)
Net Current Assets
1,678,854
1,756,054
Total Assets Less Current Liabilities
1.684.188
1,767,474
Provisions for liabilities
Defined Benefit Pension Scheme Deficit Liability
(301
(42)
Net Assets
1,684,158
1,767.432
Funds
Unrestricted:
General
Designated
Restricted-
1.470.832
780,494
773,615
131,330
81.993
12
13
129,801
83,525
Endowed..
13
TOTAL CHARITY FUNDS
1,684,158
1.767,432
For the year ended 31 st December 2023 the company was entitled to exemption from audit under section 477
of the Companies Act 2006 relating to small companies.
Oirectors. responsibilities=
The members have not required the company to obtsin an audit of its accounts for the year in
question in accordan￿ with section 476: and
The Directors acknowledge their responsibilities for complying with the requirements of the Act with
respect to accounting records and the preparation of accounts:_
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act
2006 relating to small entities.
These accounts were approved by the Directors and authorised for issue on
and are signed on their behalf by:"
girlo-J+
. L .FJck4L.
R Nicholls,.
Secretary
allridge
Treasurer
The notes on pages 12 to 19 form part of these accounts.
11

EAST MIDLAND BAPTIST ASSOCIATION
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2023
1. ACCOUNTING POLICIES
Constitution
The Charity is a company limited by gu8rantee, incorporated in England and Wales
company number 4302466 and a registered Charity number 1094457. The registered office is Wèst
Bridgford Baptist Church, Melton Road, West Bridgford. Nottingham NG2 7NF.
Accounting Convention
The financial ststements have been prepared under the historical cost convention in accordance with
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to Charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland SORP 2019 (FRS102) and the Companies Act 2006.
The East Midlands Baptist Association meets the definits'on of a public benefit entity under FRS{102).
The presentation currency is £ Sterling
Preparation of the Accounts on a Going Concern Basis
The Trustees considerthat the Charity can continue as a going concem for at least the next 12 months
and accordingly the accounts are prepared on a going concem basis.
Key assumptions and judgements
Estimates and judgements are continually evaluated and are based on historical experience and other
factors, including expectations of future events that are believed to be reasonable under the
circumstances.
Multi*mployer defined benefit plan
On 1st July 2022 an agreement was signed with Just Group to secure DB plan member's pension
benefits as a 'buy in policy,, providing financial backing for all DB pensions provided through the
Scheme's DB plan.
The time to complete the exer¢ise of setting up individual pension arrangements is anticipated to
complete over the next couple of years_ Until the buy-out and wind up are complete not all risks
relating to the DB plan are removed. The Un￿rtaIntieS include:
the sale values that will be achieved on disposal of residual investments.,
the costs of operating the DB plan until completion of the buy-out PrO￿S$,.
the costs of the buy-out process: and
the cost of making any amendments to the DB plan to enable the buyout to proceed.
It is expected that the assets of the DB plan will be sufficient to cover all costs and liabilities that
remain. However, it is possible that if things turn out worse than anticipated that further ￿ndS will be
needed from employers.
The Trustee and the Baptist Union have agreed that deficit reduction contributions will reduce to £1
per month until June 2026. Currently, they do not anticipate reinstating the requirement to pay the full
deficit reduction contributions in the future. but cannot rule Ihis out at this stage.
Consolidation
In the opinion of the Trustees, the company and its subsidiary undertaking comprise a small group.
The company has taken advantage of the exemption provided by Section 398 of the Companies Act
2006 not to prepara group accounts
12

EAST MIDLAND BAPTIST ASSOCIATION
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2023
Incom8 Recognition
Income from grants, donations and other voluntary income are recognised on a receivable basi5.
Proceeds from the sale of closed churches is recognised when notified of entitlement to the funds has
been established.
1. ACCOUNTING POLICIES continued
Expenditure on Charitable Activiti8S
Expendituie is included on an accruals basis inclusive of any VAT that cannot be recovered.
Expenditure primarily relates to staffing and support costs to enable the Charity to support Baptist
Church Gommunities in the East Midlands. The support is wide ranging and involves pastoral care of
ministers and churches, support for outreach. youth work, training, payroll service and finance. The
Charity also makes a number of grant Payments through its Home Mission Grants to support
ministries across the region.
Included with charitable actfvlties are governance costs that are associated with constitutional and
statutory requirernents and the strategic management of the Charities activities.
Tangible Fixed Assets
The Charity is not the owner of any properties. It has an interest in properties owned by the East
Midlands Baptist Trust Company to the value of £408,250. Depreciation is provided at 330/0 on cost
to write off Offi￿ and IT equipment over its estimated useful life.
Investment Policy
Investments are held in the name of the East Midland Baptist Trust Company Limited wherethey are
shown at fair Value and managed by means of a mix of Gilt Edged Securities and high interest
deposits so as to meet the ongoing needs of the Charity.
Oebtors
Debtors a￿ recognised at the settlement amount. Prepayments are valued at the amount prepaid.
Cash at bank
Cash at bank and in hand includes cash and shortterm highly liquid investments with a maturity within
12 months of the Balance Sheet date.
Creditors and Provisions
CredÈtors and provisions are recognised where the Charity has a present obligation resulting from a
past event that will probably result in a transfer of funds to a third party at the amount due to settle
the obligation can be measured or estimated reliably. Creditors and provisions are normally
recognised at their settlement amount.
Fund Accounting
Unrestricted funds- are available to spend on activities that further any of the purposes of the Charity.
Designated- funds are funds set aside by the Trustees out of unresL"ictecl ftjnds for specific purposes
or projects.
Restricted funds - are funds that can only be used for a particular restricted purpose. The restriction
may be declared by the donor when making the gift or may result from the terms of an appeal.
Endowment funds- are resources received by the Charity that represent capital and that Charity law
requires the Trustees to invest it or retain and use it for the Charity's purposes. In respect of
permanent endowments the Trustees have no power to convert li into income and apply it. Whereas,
expendable endowments the Trustees do have this power. Expenditure that meets these criteria is
h2rged to the appropriate fund.
13

EAST MIDLAND BAPTIST ASSOCIATION
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2023
Voluntary Assistance
The Charity has not made any financial consideralion forthe voluntary help it has received during the
year, nor is it able to quantify such assistance.
1.ACCOUNTING POLICIES continued
Pension Schemes
Multi-employerpension scheme
The Association is a member of a multi-employer scheme. Vvhere it is not possible for the
Association to obtain sufficient information to enable the Association to enable it to account for
the plans as a defined benefit scheme. it accounts for the plan as a defined contribution
scheme. Vvhere the scheme is in deficit and where the association has agreed, with the scheme,
to participate in a deficit fjjnding arrangement the Association recognizes a liability for this obligation.
The amount recognized is the net present value of the contributions payable under the agreement
relating to the deficit. The amount Is expensed in the Ststement of Financial Activities.
A liability for the agreed deficit funding has been provided in these accounts.
Defined contnbution scheme
The Association operates a tjefined contribution %heme for employees. Contributions payable are
recognized in the Statement of Financial Activities when due.
14

EAST MIDLAND BAPTIST ASSOCIATION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2023
2 DONATIONS & LEGACIES
Restricted Total
Unrestricted Endowed Funds
Funds
Funds
2023
Total
Funds
2022
Donations
Legacies
1,500
6,454
7.954
3 EMPLOYEES AND TRUSTEES
Staff Costs
2023
2022
Salaries
Employers Nl
Pension Cost5." Defined Pension Scheme
131,577
8,768
14,783
26,326
118,301
6,823
13,292
25,116
Other Costs (Council tax, water and accommodation}
179,454
163.532
No employees have emoluments about £60,000. The average number of employees is 5.
Five Trustees were reimbursed expenses for travelling cOnferen￿S and other expenses of £1,214
(2022". £6,109 number of trustees reimbursed was 5)
Trustees receiving remuneration is the Regional Minister Revd M Clay consisting of'.-
Remuneration
£39,750
Employer Pension Contributions
£4,688
Manse
£4,677
The Memorandum of Association of the Charity provides for remuneration and benefits to be paid to those
appointed as Regional Ministers of the Charity. Remuneration if paid to the Regional Ministers as fully
accredited Baptist Ministers of the Baptist Union of Greal Britain. to exchange information, provide advice
and support to churches and to their ministers and leaders to enable the Charity to further is objects.
4 EXPENDITURE OF CHARITABLE ACTIVITIES
2023
2022
Home Mlsslon Grants
Homé Mission Grants to Churches
88,317
81,101
Other Grants to Churches {reslricted)
other Grants to Individuals (designated)
9.432
4,125
1,950
9.432
6,075
The grants to individuals are in support of theolc#3ical training, spiritual courses and benevolent payments.
S NET INCOME FOR THE YEAR IS STATED AFTER CHARGING
2023
2022
Independent Examiner's Fee
Depreciation
Profit on disposal of assets
1.644
9,345
1,330
9,017
15

EAST MIDLAND BAPTIST ASSOCIATION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2023
TANGIABLE FIXED ASSETS
Computer and Office Equipment
At cost 01.01.23
Additions
Disposals
Cost 31.12.23
47,OWJ
3.259
50.349
Depreciation
at 01.01.23
disposals
for year
35.670
9,345
45,015
Net book value at 31.12.23
5,334
DEBTORS
2023
2022
Amounts owed by group undertakings
Inter-company Account (Note 141
Prepayments and accrued income
594,301
28,737
623.038
1,745,011
1,070
1,746,081
CREDITORS - Amounts falling due within one year
2023
2022
Accruals for gfants payable
Other creditors and accruals
Incom8 in 8dvan
Taxation and Social securty
8.833
8.856
12,745
3.532
2,762
2,800
33.966
6.662
9 PROVISION FOR LIA81Lrr:
2023
2022
Defined Benefit P8n$ion Scheme Deficit Liability
Balance Sheet Liability at 1st January 2023
Deficiency Contributions paid
Interest Cost
Change in ￿abilIty
42
{121
42,006
{5.4081
511
{37,0871
Balan¢e as at 31st Decembèr 2023
30
42
10 ANALYSIS OF NET ASSETS BY FUNDS
Unrestricted Rastrictsd
Funds
Funds
Total
31st December 2023
Fix8d Assets
Current Assets
Currènt Liabilities
Provision5 for Liabilities
5,334
1,499,494
133.966)
(301
5,334
213.326 1.712,820
133,9661
1.470,832
213,326 1.684,158
31st December 2022
Fixed Assèts
Current Assets
Current Liabilities
Provisions for Liabilities
11,420
1,552,861
15.562)
142)
11,420
208,755 1.781,616
(5.5621
42
1.558.677
208,755 1,767.432
16

EAST MIDLAND BAPTIST ASSOCIATION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2023
11 UNRESTRIGTED FUNDS
Balance al Incoming
Outgoing
01.01.23 R•sources Resources
R•alisad Trdnsfers
Gains
Balance at
31.12.23
Unrestricted Funds
780,494
259.224
361,571
19.070
773.615
1.470 832
12 DESIGNATED FUNDS
Balance at Incoming Oirtgolng
01.01.23 Resources Resources
Reallsed Transfers
Gains
Balancè #t
31.12.23
Pioneer Ministy Fund
Regional Ministry FurKI
Pension Resetve Fund
175,573
125.OLXI
473.042
(f 75,5731
(125,Cfj))
473,042
773.615
773,615
13 RESTRICTED AND ENDOWME￿ FUNDS
Batance at Incorning
Outgoing
01.01.23 Resoujres Resources
Realised Transfe
Gains
Balance at
31.12,23
Restrlcted
Benevolent Fund
Hunt Legacy
Thos Cookè Trust
Sutton in Ashfield
Le[￿ster Ass
Peterborough Chaplaincy
Burton on Trent
87.451
11.151
14.585
5,232
10.782
3,154
396
502
194
400
18
61
14,80n
(932)
(2.125)
1,075
135
171
86,873
10,750
13.133
5,492
11,318
508
1.727
136
21
131,330
4.725
1.610
129,801
Endowments
Hart Foundation
MidlandlPegg Fund
RoundlKeywood Trust
Doric Trust
Kniplon Trust
45,747
18.652
12.048
1,666
692
447
172
(2,500)
563
236
152
59
11
45,476
19,580
12,647
4,871
951
906
81,993
1011
Z.500
1.021
83.525
TOTAL
213.323
7.736
110,3641
2.631
213.326
Explanatory Notes
The Pioneer Mini5ty FuTrJ has been Ixeated lo set aside resources for mission projects ¢uryentty under consi¢Jeralion
and those in the future (e.g. Church Planting).
The Regional Ministry Fund h85 been cRated during the present u￿ertaInty of hjture A55ociation funding to contribute
towards thè potèntial budgèt defJcrf( over the ne%1 5 years.
A fund to be used for churches who get into financial drfficuty with their p8nsion fund dèfkit or dosed churchès where
Éhe pension defiat is higher than their assets
The above deslgnated fund5 are no longer needed and have been transferred back into general fijnds.
The BenevO￿nt Fund is used to relieve fina￿la1 distress amongst Baptist Ministers aTrYor their dependants in the
event ol incapacf(y or death.
17

EAST MIDLAND BAPTIST ASSOCIATION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2023
13 RESTRICTED AND ENDOWMENT FUNDS (Continued)
The Hunt Legacy is used to support work amongst women. with a preference for Derbyshire.
The Thomas Cooke Fund is a legacy supporting ministy within the Loughborough District.
The Sutton in Ashfield Fund is to be used for the advancement of Baptist work in
Nottinghamshire.
Leicester Association Fund - This ￿presents the residual fijnds of the Association to be used
to support the ministy in Le[￿Ster.
The Peterborough Prison Chaplaincy Fund is a fund to support the ministry at Peterborough
Prison.
The Burton on Trent Fund is to assist young people to attend Baptist events.
The income from the Hart Foundation supports the educab.on of Baptist Associats'on area.
The MidlandlPegg Trusts provide grants for those in theological training.
mlnlo The income from the Round, Keywcrf)d. Doric and Knipton Trusts are distributed to various
causes.
14 RELATED PARTIES
a) East Midlands Baptist Trust Company
The East Midland Baptist Trust Company (limited by guarantee no 178555 incorporated in England
and Wales. Charity Number 250068) is a wholly owned subsidiary. DirectcKs are appointed by the
board of its holding company.
The financial results of East Midland Baptist Trust Company are: _
Gross assets are £1.757.668 (2022: £2,861.557) liabilities are £595.302 (2022: £1,748,402) wtth
total net funds £1,162,366 {2022: £1,113,155). Totsl income amounts to £65,064 (2022.. £33,869)
and expenditure of £40,564 (2022 £28.260) wrth net gains on investments of £24.711 (2022:Loss
£119,586) resulting in a surplus for the year of £49.211 (2022: Defictt £113,977).
Beneficial ownership of the propety and investment assets of the holding company is vested in the
Trust company and recognised through the balan￿ on inter-company account which is shown in
debtors. Assets which represent the balances are:_
2023
2022
Property at Cost
Deposits and Investments
408,250
186,052
408,250
1,336,761
594.302
1.745,011
b) Baptist Union of Great Brttain
The Association is a memter of the Baptist Union of Great Britain (BUGB). Durtng the year, it
re￿iVed grants from the BUGB as follows".
2023
2022
BUGB Operational Funding
Home Mission Funding
182.651
134,095
119,668
182,651
253,763
c} Rent was paid to West Bridgford Baptist Church in respect of rent of the Association offices
amounting to £2.160 (2022..£2,160)
18

EAST MIDLAND BAPTIST ASSOCIATION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2023
15
Pensions (Continued)
Baptist Pension scheme - Defined Benefit Plan
On 1st July 2022 an agreement was signed with Just Group to secure DB plan member's pension
benefits as a 'buy in policy,, providing financial backing for all DB pensions provided through the
Scherne's DB plan
The time to complete the exercise of setting up individual pension arrangements is anticipated to
complete over the next couple of years. Until the buy-out and wind up are complete not all risks
relating to the DB plan are removed. The uncertainties include:
the sale values that will be achieved on disposal of residual investments-
the costs of operatj'ng the DB plan until completion of the buy out process.,
the costs of the buy-out pro￿ss. and
the cost of making any amendments to the DB plan to enable the buy-out to proceed.
It is expected that the assets of the DB plan will be sufficient to cover all costs and liabilities that
remain. However, it is possible that if things tum out worse than anticipated that further funds will be
needed from employers.
The Trustee and the Baptist Union have agreed that deficit reduction contributions will reduce to £1
per month until June 2026. Currently. they do not anticipate reinstating the requirement to pay the full
deficit reduction contributions in the future. bLrt cannot rule this out at this stage.
19