PARK ROAD BAPTIST CHURCH ACCOUNTS FOR THE YEAR ENDED 31 DEceM8ER 2023
PARK ROAD WTIST CHURCH LE13AL AND AIXNI8TIIATNE INFORMATK 1128471 R•vd. M IW (Mlnl•l•n P•tw Hunt IS•tt•twl C•rol Llld• rrf••w•rl H#nnth Ciwk Ricwd Cl• Dug 8•nn Hll•ry Hill NO9 PAU¢ Rlch•NI P¥thryth P•t•r Sh•Sdii¢k Llnd• Lyd1• Wlty)n P•rk R¢•d e•plrt CttL¥th & C P•rk Ro*J Ru•hd Prfn¢lp•l Addrn••: NNIO 2 Coll•g• Slrn•t Hwh•m Fw•rn Notth•nts NNIO 8DZ •nk•rn: HSBC B•ik Hlgh Slr¥t Rushd•n NN10 ONP
PARK ROAD BAPTIST CHURCH ACCOUNTS FOR THE YEAR ENDED 310ECEMBER 2023 INDEX Pago Trustees, report Independent examiners report Staterwnl of Financial Activit Balance Sheet Notes to the Flnancial Ststements 7-13
PARK ROAD BAPTIST CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 The Tru8lees present their report with the accounts of the Park Road Baptist Church1thg"church' or the'charitn for the year ended 31 D•¢èmber 2023. The accounts havè been prepared on a Receipts and Payments basis in accordanee wth accounting polirAes 8tr1 OLrt in tho notes to the aco)uftls and (x)mply wth the Charitys trust deed and th• Charbties Act 2011. Although not quIred lo do so as a Chanty which used the Receipts 8nd Paymants basis, the accounts also comply with the wulremonts ol the AcLounting and Chorrtig$ Stgt8ment of Reo)mmended Pradcg1$gwnd edrticnl #nd Financial R•porting Standard FRS 102. R•fer•nce and Adrnlnl•trotl Inforni•tlon The Tru$tee$ dudng th8 riod We as follo..- Peter Hunt ISecret8ry1 Carol Little reasurer) Hannah Clark from M8rc Richard Clath until March Doug Benn Hilary Hill Nigel Munday Richard Papwort Peter Sheldrick untll March Lindg William$ Lydkq WThl8on The trustees are Ihts elected dlocono1•. El•ctlon8 tsk6 ple In M8fch •n¢J henc• $om• tru8tees have not 8•Th•d for th• full a¢UntIng year. Th•1•od•rnhlp team al80 included th• folfvlng gmployet8:. Revd Mark Du99an IMini81erl The Minl$l&r, Revd Mark Duggan, w88 al$0 o Tru8lee and called to lead the chLtrch In prnoching and wor8hlp and wa8 respon$lble for pastoral care. mlsslon 8nd o118spects ol church life. StTu¢tur• Gov•rn•n¢• and M•nag•m•nt The Charfty regl8lerfjd with the Charity Comml88lon durlng 2CD8. Induetlon •nd Trnlnlng of Tru•t• Should thè trxi8ling TNsle•s ¢on8lder tt neces88ry lo appoint fvrthor Trustees. they would en8ur• that adequate training was providod and th8t 8ny candidate would have the rgquirad 8klllB in management and planning and wosjld hav& empathy for the Object•8 of the Charity. Obl•ctlvM •nd ActlvlY•• The principal activities of the Chartty are.'- 81 the advanment of the Christian faith ar£ordlng to th& prfndples of the B•pli$l Denomlnatlon,. bl advance edu¢'on and e•ry oul other chorftable purp08e8 In th& Unll•d Kingdom 8n(Vor other parts ofthe wodd., cl fac¢litale the development of Children and young people 8nd provlde ¥uppgrt for the eldety., dl provide bulldings and facilities lor cornrnunity events,. •) to do such other thing8 that ale ¢h8ritgbl¢ in law as deleminad, from lime to Um8. by the Tru81e•8. Flx•d AM•ts Any change8 in fixed 88881$ during the year are sel out In tho notes to the acoJunl8. Rlsk Poll¢y Exlemal risks trxi$l relating to new rnembers and volunlegrs, as wdl as funding Irom grants. don8tlon$ and fijnd rnising. New Trustees undertake training in all prfxedures to mitigate risks. Internal risks are also mitsgaled by training, but also strict adherence lo the wl8s 8pplicable lo the church. Poge I
PARK ROAD 8APTIST CHURCH REPORT OF THE TRUSTEES ICONfDI FOR THE YEAR ENDED 31 DECEMBER 2023 FSnanclal Revl•w Th8 Trustees are satlsfied wlth the results for thè perfod, paitularfy in light oflhe current economlc dim818. and the gen8r81 Inme and #XndItUre ended Ihe yoarwith ¥ $UfpIu$. The 2023 attouftls have been prepared on a Receipts and Paymen18 b8SI8. The Gift Aid lor 2022 of £19.335.5S received in February 2023, is r8cord8d in th• 2023 acrthints. The Trust8e8 will continue to monitor th¥ porfOAnCe Oft Charfty and ¥xeruse re8pon8ibl8 $teward8hip over it8 f88011rce8. Fund R•lolng Church members eleded to 88The the c4Jmmunity with fr8t 6vent8 in 2023. Church run communlty grou Three groups wer& njn during 2023 by lh• ¢hurch lor th• communlty; th• StKom• gnd •xp8ndlture acrAJunts for eath of th8s8 groups was accounted for independgntty and audilgd by our Int•mal Auditor, Richgrd Clo. Sunbfjom$. Crafting kngal$ and Park Road LadK•$ Group. Prfnclpal Fundlng 8ourc•• Th• thurch ha8 thrm prlndpgl •ourc•8 of Income, nam•ly'. Weekly, monlhty antj annu¥l offering$ given by m•mber8 of Ihe ts)ngregalion and vi811or8. rhfj monl•s lotall¢d £90,610.68 In 2023, This 16 an incr&88e of£8,104.C6 on the prwitsus year or 9.8%. This in¢orne 18 U8ed primarfly to fund the rK>Bt ol a full tlme Bapt18t Mlnister, a part.tlme Youth Worker and an f8mily wother. The co81 of stipend. 8alarie8. pension and Nl in 2023 wa8 £40,530.80. Part of this incom& 18 u8gd for gdmlnl8tr011gn co818, to poy cl•8ner8 all Ulty blll8 of t church as w91141 the cost of repairing and maintaining thè all pr8m1888. This income is also u$gd to fvnd youth antj children'i work, ev•nt8 for th• elderfy. misskin donallon8 and to $upport communty ovenls and ch8rttl&8. Incom¥ from the use ol our pr•mi8e8 to ext•m•l ¢i>mmunty group8. Includlng ch•rttl88 gnd non-profll maklng organi$8ty'on$ and from interest. This income lotslled £9,203 durlng 2023. This income 1$ used lo p8y cleaners, help Ihtr cost ol rep8iring and m8int•ining the premises, healing and lighting co$l8. Duin8llons and fund falslng for general u8& by the church and for 8peafic charity and communlty prolgcts. Th18 money lolalled £8.580.73 during 2023 and £9,801.21 waB used in 2023 for the puipos8& 8pecrfied, 6ome of this being glft aid from the 2022 giving recolved In 2023, d. Grants and gift3 given lo the church foi 8perAfic uses. This money tolalled £300.C() In 2023. £498.88 wa6 u8•d n 2023. the difference being taken from the Sums from the previou8 year. Page 2
PARK ROAD BAPTIST CHURCH REPORT OF THE TRUSTEES ICONTDI FOR THE YEAR ENDED 31 DECEMBER 2023 R•lat•d charftl The custodian Tru8le¥ of the churc 1$ the Bapt181 Union Coiporalion Llmlled, which holds the deed$ lo Ihe churc4),' the Man88s, 74 Park Rd. and 110 Glou¢•ster Crescent, Ru8lKten,' and the Inve81menl 0888ts in nots 8. Tho inv8stment a19 h8ld by the Baptist Union Corporation Limtt•d or• for the reslricAed purpose ol funding building developmonl. Ststsm•nt olTru•t•M' RMpon•lbllbU•• The Tru81e¢$ ara re8ponsibl8 ftr preparing the Tru8tees' Rewrt and the finan081 $t8t8ments in ac¢ord8nce with applicable18w and the Untted Klngdom Accounting Stsnd8fd8 induding Finand81 Rwrting Slandafd 102 Iunlled Kingdom G¥n&rally Aapt¥d Accounting Proclul. TM l•w oppllcable lo chartl•8 In Engl8rK4 8nd Wal68 requlrno t TfU81888 to prgpare ffinancl•l ststements for •ach fin8ncial yaar which gfv• e tru& and falr vlew of the stsl• of affair8 01 the Chgdty gnd of th• incoming reBoufcfj8 ond appllcats.on of rgsources of the Charity lor Ihol perlod. In preparing IhoBe ffinan¢lal 8tatements th• truste86 ar• roquired select 8uft8ble aCLounllng policleB and apply them con811tnlly.' ob8erve th• methods 8nd principle8 in th• Charflies SORP.. make judg¥ment8 and •8tlmat86 that arn rea8on8ble 8nd pwdent., Stale wh•thor oppllcgbl• accountlng stondaTd8 h•v• follthved $ublect lo any d8partur•s dl8do8ed and èxplained In the accounts,, Prepare the accoun18 on the golng conc•m baBI8 unlo•• In&pproprfat• to 8B8umtr that the Chortty wlll rAJnUnue In oper8ti0n. Tho Tru8le•$ ore respon8ibl¥ for keeping proper accounllng record8 Ihal dlscSoBo wtth rea8on8ble accur8Cy gt any limo the fin8ncl•l p081tion of th• Charty and •nable Ihern lo •n8ur• that th8 finan•1 8tatemen18 Comply with the Charities Act 2011 and tru6t do•d. They are al80 respon8ible for 8al•guarding th• o$80ts ofth• Charfty and hon for t•klng roaaon•bl• 8tOPB for th• pr•vention and ectIOn of fraud And other irrggularities. Approved by th• Tru8t8e8 on Monday March 18. 2024 and gned ori thoir be by.. Carol LRtle (fr•88uTerl P•t•r Hunt {Secrel8ry1 Pgrk Road Bapllst Church Park Road Rushden Northants NN10 OLH Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PARK ROAD BAPTIST CHURCH We rekX)rt to Ihtr truste98 on our ex8minalion of the accounts of Park Road Baptist Church {Ih&'ChadWI for the year ended 31 December 2023. RctIve Ro•pon•lb115tl•• of Tru•tte• ind Examln Th8 Charity's Iwsleos 8r8 responsibl$ lor th• pr&pgralion of tho a¢counls. Tho Chanly'$ liustèès consider that on audit is not requirod foi this yoar under secton 144121 of the Charflles A 2011 Ilhe 2011 Adl and that an indep8nd8nt axamination 1$ ngèd•d. It 18 our rasponsiblllty to". Examine the a¢¢oun15 undor 8èction 145 of the 2011 Act., Follow tho procedureslgid down in thg General Dirgcli¢)n$ given by th¥ Charity Commission under section 145{Sllbl of the 2011 Act". 8nd Slate whether paTb'Gular matters have come to our attention. Ba•5• of Ind•p•nd•nt Examln•rf• Report Our examln81ion w88 carried out in 8e£ordance with th8 Gener81 Directions glven by the Charity Commissloners. An •x8mlnalion includes a review ol the accounting rècords kept by the Charity and a comparison ol th accounts presenle(I wilh those r8cord$. It also indudes conbideration ol any unusual item8 or disdosures In the accounts and Seèklng trxpl8nalions from you a8 Iru8le88 concerning 6uch matters The proceduros undertaken do not provide all the evidence Ihat would be required in an audit, and consequently we do not e¥pre8S 8n audit opinion on the view given by the ?oUnt$. Ind•p•nd•nt Examln•rf• Sl•t•m•nt We have completed our èx8mination. Wo confim that no mater181 m8tt•rs havo come lo our 8tt•nllon In conn¥¢tion with the examination which givos us U6¢ to bolieve th81 in, any mèlerial re8P•¢t'. the 8ccounllng record8 were not kept in accordance with 8ection 130 of the 2011 Acl,. or the a¢unt$ di¢J not accord with the 8ecounling re¢ord6 and comply with the accounting re¢ord$', or the gccounts did not comply with the gpplicable r8quirgmenls concerning the lorm and content of gccounts s•1 out in thè Ch8ritlos IAccounts and RoPQrtsl Ro9ulations 2008 oth&r than any requirement that the acLountS 9ivo 8.tsue and fairf vlew which is not a matter con81defed a8 Part ol an independent examlnatlon. We hove no ooncern8 and have com• across no olhef matt•r8 in COnne10n with tho ex8mln8lion lo whlch 8ttention 8houl(J be drawn in th$ r•port In order to gnable 8 Pfopgr understanding of the Accounts to be reached. Mcshano Wright Ch8rter8d Certifl8d Ac¢ountant8 2 College Street Higham Feryers Northants NN10 8D2 Date 3 May 2024 Page 4
PARK ROAD BAPTIST CHURCH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 RECEIPTS AND PAYMENTS GENERAL ACCOUNT Unrn•trlct•d Totsl Totsl Valuntsry D••1 nated G•n•rnl Re•trtct•d 2023 2022 INCOMING RESOURCES: Voluntsry Income W¢&kly offerings Donation8 ond gifts Grant8 rteewabl& Income tsx re¢over•d Mlscallanoou8 in¢om• .392.45 24,744.CKI 90.392.45 35.404 95 82,508.62 4.628.90 8.238.95 3.{) 235.50 2.422 C 19,1C(1.05 3.745.80 19,335.55 3,745.80 18,954.19 2,886.55 InvMtm•nt In¢om• 11,¥))S.99 228.31 423.74 12.558.04 10,838.72 Actlvltle• for q•n•r•tlng lund• Fundraising 21ivl 78.79 341.95 420.74 J.41 Oth•r Incomlng r••ourc 21vl 2,076.00 1.505.00 3,581. 2,453,88 Tol•l IrKomlnp rn•our¢ 162 043.OB 10 849.71 166 738.53 123 099.07 RESOURCES EXPENDED Co8t$ of charitabl• 8th111g8 311) 109,010.55 23.580.05 11,491.13 144,081.73 109.380.05 Totsl mourcm •xp•nd•d 109 010.$5 23 580.05 11491.13 144 081.73 109 380.oj N•t In¢omlnglloutgdng1 r••ourcM tOre tron•f•r• Tr•n•f•r• b•tw••n fund• 43,032.53 {12,730.341 38.17 18.645.391 8 128.17 21,658.80 13.719.02 N•t In¢omlnglloutgolng1 rn•oure Total fund• brought forward R•v•luaUon uptum 34,942.53 10,488,175.S4 58 791.00 112,7e6.511 17.864.60 1519.221 21,656.80 86.082.89 10.591,123.03 58 791.00 20,108.41 9,355,499.60 1020 982.00 Total lund• urrl•d forwnrd 10 581909.07 84 Y83.67 10 671570.83 0 591123.03 Th8 notes on pages 8 to 13 form part of th088 a¢Unts. Page S
PARK IIOAD WTIST CHUIRCH MOTES TO THÉ ACCOUNTS FOR ThE YEAR ENDED 31 DECEMBER 2023 BALANCE SIIEET 2023 2022 Fl¥•d TangKle fixed a8Mts 10.5S9.883.ts) 10,fjIX>.092 00 10.W.883.C 10,5CQ.092.00 Cury•nt ••uts Caih •1 bank 151 CB561 1151.095 51 138,484 15 Curr•nt LIMbllltl•• LoAn Irom 8U lor 110 Gknwt•r Av• 407,88 47.453.12 112.887.83 91 031.03 Tot•1 cuM¢ii Il•blll¢lw 10,871,570.83 10 591.123.03 InGom• fvnd• S,LW C6 84,883.07 17,efA,80 85.082,89 R•¥u•lw 1rn & purthu G•n•r•i nd a8.791.00 10 523 118,07 1,020,982.CO 9 467 193.54 io 10.561909.07 10488.175.54 TOTAL FUP40S 10,871 S70.83 10 S91 123.03 T aetounts wfjro Ipprovod by the Tru•te•8 on 27th M•rch 2023 and 81gn•d on th•ir b8h4lf ty.. C Llttl• Tr••sur•r P Hunt S•cr•tary Th• not•1 on pw 8 to 13 p•rt ol theea UnIt. Page 6
PARK ROAD BAPTIST CHURCH MOTES TO ThE ACCOUNTS FOR ThE YEAR ENDED 31 OECEII8ER 2023 A¢¢ounllry pollcl•• lluit d••d •fvJ lh• Ch•rllbts Ad 2011. not requlr•d to th) Ks AJ • th•rty RK•lpt• and Paym•nty bmkn. th• Tru•t•88 h•¥d ¢hoMn comth wlth th• r•qulf•nrts olth• fv£coJntlrva aeKI Ch• 13•n•rnl lund• R••trfct•d fund• al Uw of gfft8 T•fjd for bl Sp•dk lurKI T•hlrYd w•rts. ThM• [• up •p•dk I C•pA•l •xpw)dlfLK• Truil Fund •awii hold by 8•Ohl Unkn Coryxwth. Volurrtry d••lgn•t•d fun •> R•••fw Kwjnt. w•1 lommd M • trKsklng •ets)urrt trnds forth8 kwn•MI ttwnt. bl W•ff4r• •cxxmt. fimd ftym•d lortAl•r• alft• to Iho•• in n••d tr• l•miki. cl R•p•lr• •c¢trJnt. Th1• fimd w•8 loTrn•J In 2017 for u•• of th• r•p•lr oltha prwlw• at P•rt Ro•d. dl M•n8• th))Xbnt. Thi• fvnd w•1 fomwd In 2022 fiy ol Ih ryjlr th• m•nw. l• r•c4nl••d on • b••k• •nd l• dny r•lthd •MpdttY•. Fundf•iwrg IroTh of rnl•t•d •xp•ndltw• Inv••lrnrt 1ftm• b•nk Ini•r••l and dfr4ha•nd• r•¢*v• b••ls of rt• puipoe•, •nd In •pprcylit• c•t•gory, unl•u tt h trnm•twW In th• ¢>Y3t•xl ot lh• •I)ntI. Page 7
PARK ROAD BAPTIST CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 1 Accountlng pollce• Icontlnuedl Flxed 48•ets and dfrprnclatlon The ¢hurth pfymises and manse 8fe indudod in tho balance sh•et At insured value. Costs of minor 8ddilion$ to fixed 8s8els. defined as those cosling1888 thon £S,CQO ea¢h, are expen8ed in th8 year in vthich they re irKurred. Fixture8 and fitting8 In tho churd) 8re Includ•d 81 Insurance volue bO¢gy raliabla cost Information IB not avai18ble. Inv••bx•nt a•••t* Quole¢J inv•$lmtrnl$ ar¥ $tsl•d al $18nd th•y 8r• hald by the Baptigt Union Corporation on the church's beh#¢f. They are restricted for the purpo$o8 ol b•ing used for now buildings and bullding redevelopment projects, rather than for g•ner8ling income. P•n•lon co•ts The Charity operateB è deflnod contribution wn8ion 8¢h•m• for •mploye•8. Th• •mount rocogni8ed in tho profil and 108$ a¢¢ount 1$ #)• ntrIbUtIOn mède by the Charity for ¢ortain omployee8. Gov•rn•nc• co•ts The8e ropre8ent dir8d &¥pondrtur¢ on th• gO¥•Man ol th• church. Most of the man•g8m8nt18 nI•d out wilhoul charge by volunteers. This intsngiblo cost 1$ not Indud•d in the Slat•m•nl of Fingnaal ActNilles $lnco Ih•r• IB no measurable cosl to Ihe volunteer8 loi Iheir 8eThiC8. Page 8
PARK ROAD BAPTIST CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 INCOMING RESOURCES Voluntsry 00•1 n•t•d 2023 T¢t•l 2022 Totsl Unr••trlct•d RMtrlct•d 11 ind DongtionB F¢Jod Parc811 M•n'$ breakfast Ladl•8 Fellowship 24.744. 337.13 2,221.74 5.880.08 2,422. 27.503.13 2,221.74 S,880.08 2,883.67 1,727.QJ 218.23 24,744.00 35,404.95 4 828.90 SpaIdck Fund 300. 300.C(I 300.00 3CN).CpJ 88nk Int•r&$t recèNed IneAJmo from inv98tmnts U8e ol prom18 man Rent 1.011.99 423.74 1,435.73 228.31 3,694.OJ 1,072.C 168.08 4,198,00 5 41K¢.C 10 838.72 228.31 3,894.00 228.31 423.74 fv) BMS E88yfindlng wdlvpaypel 341.95 341,95 78.79 420.74 320.) 40.41 360.41 78.79 78.79 341.95 vl ¢>tt Annive8ary Sundritss Weekend Away W•dding61Funefal 41.00 32.00 41.00 32.00 1,505.00 623.18 1.505.00 1505.CLI 2 453.68 Page 9
PARK ROAD BAPTIST CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 RESOURCES EXPENDED Voluntary 2023 2022 Unr•8tdct•d R••trlcted D1 n•tsd Total Totsl l) Co•ts of ch•tftabl• aclMII Mlnl•ty Salaries and wages (Note 41 Payroll provider Stewardship Ministerfs travel Pulpit supplies P8Stor81 care Vi811ing prea¢h8r8 Manse upke&p Loan Inte8t 40,530.80 592.QJ 250 85 242.CXJ 84.03 40.530 80 592.1)J 250.65 242.1)J 6403 35.426.27 550.80 155.CJ 291.28 148.42 140.C#) 11,415.87 2 235.16 50 362.80 8,478.C6 3.154.58 51332.10 11,290.94 10,513.55 28,282.55 3 154.56 73 138,59 11.290,94 10 513.55 Youth work goneral Youth worker $8Jgrie$ Outreach Given to other c8uIo8 Nol• 3{11) Men's breakfast 392.87 8.791.08 14949 235.62 777.78 8.79108 349.39 18.221.31 1,723.48 8,216.04 145.91 tO.183.00 349.39 6,551.31 9,870.00 18 967.97 7 055.24 235.82 28 256.83 20 268.43 È•tbll•hm•nt Cleaning ¢ontracl Cloaning materials Equipment Health ènd 8of•ty In8urnnc Ltghting and hoatlng Rep8ir8 and maintenanr Water 11,942.T7 230 13 143.78 246.45 7.468.13 12.444.57 11,942.77 230.13 143.78 246.45 7,468.13 12,444.57 741,98 699.30 33 917,09 9,411.84 401,83 2,630,85 403 92 8,807.82 3,413.49 4.724.38 555.25 30.149.38 741.9B 699.30 33 175.13 741.98 Advertising Anniversary Promotion Catering expenses Conlerences & meeting attondance Copyright licéncè 08S ICR81 ch•d(8 Food Parc818 Mlscellaneou8 Ofg8nlpiano lunlng Prfnting, postage and 8tgtionery Professional f8881bank charge8 Subscripts'on8 Telephone Tr8ining Website neW81 438.54 438.54 1,852.62 426.81 10. 1,103.28 418.22 445.crfj 1,188.10 418.22 1,831.29 1,188.10 1,388.29 3.307.58 3,307.58 18.00 802,C#) 314.61 905.$3 681.0) 614.88 177.50 34.17 2,409.13 2,25 348.00 319.73 879.92 645.50 18.00 282.C 314.61 905.53 881.C 614.88 177.50 34.17 540.00 183.25 174.87 8 599.64 5 233.87 Tolal cost of charitable actsviti08 109 010 55 23 580.05 11491.13 144 081.73 109.380.OS Page 10
PARK ROAD BAPTIST CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 RESOURCES EXPENDED ill Co•t of CharfIab ActlvltS• GI to oth•r u•. BMS HMF Illuminate Misslon Oth•r Voluntarfty D••lgn•t•d 2023 2022 Unrn•trlcted R••trlct 4,830.00 33S.C 4,840.00 Total S,185.00 4,840.00 5,680.08 536.23 16 221.31 Totsl 5,020.fJ) 4,590.00 S,880.08 536 23 8 551.31 573.00 10 18300 9,070.C Voluntaflly D••lgnat•d 2023 Total 2022 Tot•1 Supportl•tsff eo•i• Unr••trlct•d R••trfct•d Mini8tor8 $lip8nd Family Work•r Wo998 Pen$bn contslbullon Natlonol in8urnnc• 28,532.04 4,416.88 4,499.70 3 082,40 28,532.04 4,416.66 4,499.70 3.082.40 40 530.80 28.665.56 6,199.31 2,581.40 35 428 27 Th• numhr of p•r80n8 omploy8d by th• church during t y••r WA8 gs follM.'- 2023 No. 2022 No. charttsb acttvttl•8, fund Talsing ond publlc relallon•. 8nd #dminl8lrntlon Full-time Part-time Total employ••B Nonwmon•tsry •M•ts hold: Held for church'8 own u8e'. Church premI8e8 9t Path R04d M8nse at 74 Park Rood M#n$& at 110 Glouc•$t•r Avenue FlxtureJ, fvmrture, 8quipm¥nt and org8n with An In8ured v8lug of.. 2023 2022 8,952,847.51 341,455.51 258,581.23 1.CQ5,200. £ 10 558,883.00 8,899,252.t)) 339,419 Cp) 257,039.cx) 9Cfj,496.00 £10 SCQ 092.C#) All of tho fixed as8el8 are used for dired charil8bl¢ purposes and 8r¢ sf¢own 8t the lale$l In8ured value, figLsres al 31 Dgcember 2023 show gn upward revaluation of £ 58 791.IXJ £ 180814.00 Page 11
PARK ROAD BAPTIST CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 Bank balanco• 2023 2022 HSBC current account Vol Reserve 8c¢ount 1 (HSBC MMI Vol Reserve account 3 (United Trust Bank) Vol Welfare fttnd 59,486.04 36,530.46 28,105.60 63,503.87 28.15850 82,491.88 240.68 91,609.47 90,891.06 Aceounts held by Bapti8t Union Corporth'on.. Ru8hd8n Park Ro8d 6 (Tru81 Fund alcl 11,C62.63 £ 151095.51 £ 138484 15 Loan• Mortgoge on 110 Glourm¢•r Ave held by the BU Repayment8 mad• Balan 47,453.12 9,04S.44 £ 38 407.66 58,417.96 £ 47 453.12 R••trlct•d fund• Tho InMe lund8 ofthe Ch•rty include th• lollowln9 r•slrfthd funds (seè note8 ¢)n pa9 8 8nd 91:. Mov?m•nts In Fund• In¢omlng Outgolng RMourc•• R••ourc B•ln¢ at I Jnu•ry 2023 Tr•n•f•rn D•cernbor 2023 Actlvlty d¥ys BU Trust Fund Food parcels Fundraising Lgdlgs Fellow8hlp Men'$ Brogkla8t Organ OulreachNouth Weekend Away Youth WO dec. fvnd 208.51 11.C62.83 3.720.23 970.95 218.23 212.1)J 663.51 635.eo 138.71 38.17 206.51 228.31 2,457.24 8,359.16 111,29).94) 13,307.581 18.551.311 2,889.89 778.80 218.23 212.CK) 123.51 431.73 257 42 1540.DJI 1503.931 11,386.291 1.505.00 38.17 23 $80.05 Page 12
PARK ROAD 8APTIST CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 OECEMBER 2023 O••lgnated fund• Mov•m•nts In Fund• Incomlng 01rtgolng Rmourc Rwiurc Bl•nce• t 1 January 2023 Balan¢M at 31 Tr•n•f•r• D•cOmr 2023 Youth account Repairs Account Mans• Acccwjnt Rg$erv& Policy R&8erve account 2 fare account 2.422.LWJ 1235.621 I725.} 110,513.55) 38,17 3.470 00 4,620.00 2,222.55 7,329 66 2,986.02 61,942.CQ 9,854.13 245.31 4,885.82 8,879.57 61,942.00 9,435.02 240.68 85 082.89 419.11 11 475.13 .128.17 10 Unr••trlct•d fund• Mov•m•nts In Fund• Incomlng Outgolng BalIn¢ ot 31 Ruourc•• Rmourcm Trnn•hr• G•ln•llo••M Dèc•mb•r 2023 J•nu•ry 2023 G•nernl fiJnd'. Rwalu8llon uptum 10.488,175.54 152,043.08 (109,010.551 18,090.CW)I 10,523,118.07 58 791.00 10 488 175.54 152 04308 109 010.55 58 791.00 10 581909.07 11 An•ly•l• of n•t •M•ts b•twM•n fund• Voluntarlly D••lgnat•d fund• R••trl¢t•d lund• G•n•rnl lund• T¢)tsl Tanglbl• flxod a8Mts Cash al b8nk'. 10,558,883.¢)0 54,387.95 7.056.76 38 407 68 10 581 920.03 0.00 10,558,883.fx) 59.486.04 91.809.47 38,407.88 84 552.71 10.671570.83 Current acLx)unl Othr accunl8 5,098.09 84,552.71 Loan cr01 12. P•n•lon C1¥ The Charity operat•8 8 d•flnod cltIon 8ehome in respect of th8 Mini8teTS. Th• lotsl o)ntributitsn8 paid during the year were £4,499.70 13. R•11t ch*rftl The custodian Trustee ofthe chuTth 18 the Bopllst Unlon Corporallon Limited, which18 controlled by the Bgpbsl Unitin Coundl. The Bapts'81 Unlon Corporation h¥¥& l•gal title lo th• ehurch premise8 Inole 51 ¥nd rts Tw81 Fund A¢¢ount Isel out in note 618n¢J 8180 fA)nlrol over the bonk account which accounts for incoming and outgoing soUrceS in relation lo these as8el8 Iset OLrt In note 61. The Inv88tmenl 8s80ts ore held for the mtrlct&J purp08e ofth& ndIng of church building PToiect8. The church is C•)nlrolled by the TNst¥g$ ol the Chadty. As 8 re5utt, no one indivldual OT body had conlrd overthe church. Page 13