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← Burlington Baptist Church, Ipswich, Suffolk

2023-10-31-accounts

Charity Registration Number 1126707

Burlington Baptist Church Ipswich

Trustees' Report and End of Year Financial Statements Year Ending October 31[st] 2023

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Burlington Baptist Church Trustees Report 2022-2023

Statutory Information

Registered Address

London Road Ipswich Suffolk IP1 2EZ

Charity Registration Number 1126707

Managing Trustees

The Revd Simon Harris (Senior Minister) The Revd Claire Earl (Minister) Mr Jonathan Chalmers (Treasurer) (until February 2024) Mr Chris Lacey (Treasurer) (from February 2024) Miss Alice Speedie (Secretary) Mrs Rebecca Willson (until October 2023) Mrs Rebecca Garland Mr Nathan Luetchford Mrs Jane Hewson Mr Chris Hewson Mr Paul Boulton Mr Henry Matter (from November 2023)

Holding Trustee

The Baptist Union Corporation Limited

Baptist House 129 Broadway Didcot, Oxfordshire, OX11 8RT

Directors

Timothy Chowns Caroline Sanderson Robert English Christopher Hanning Andrew Hawksworth The Revd Joseph Lennox John Levick The Revd Christopher Lewis The Rev Ann Chesworth Karen Martindale Olusegun Obidipe Mohan Pandian Jeremy Ponsford Michael Southcombe Timothy Walker

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Burlington Baptist Church Trustees Report 2022-2023

Graham Ward Peter Walls Peter Welch John Jones

Bankers

Barclays Bank PLC 1 Princes Street Ipswich Suffolk IP1 1PB

CAF Bank Ltd Kings Hill 25 Kings Hill Avenue West Malling, Kent ME19 4JQ

Independent Examiner

Vincent Chandler FCA FCCA Moore Green Chartered Accountants 22, Friars Street, Sudbury, Suffolk CO10 2AA

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Burlington Baptist Church Trustees Report 2022-2023

Annual Report for 2022-23

The trustees present their Annual Report and financial statements for the year ended 31st October 2023.

The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable in the UK and Republic of Ireland published in October 2019.

Charitable Objectives

The Charity is governed by an Approved Governing Document which states that the principal purpose of the charity is the advancement of the Christian faith according to the principles of the Baptist denomination to include the advancement of education, community service and such other general charitable purposes in such parts of the United Kingdom and the world as the church shall determine.

In particular, the charity has the purpose of providing for the advancement of the Christian faith in Ipswich and beyond, providing instruction for children, young people and adults in the Christian faith, holding public Christian worship, and having Christian fellowship with other Christians.

The church occupies premises which are held by The Baptist Union Corporation Ltd, on Trusts which are entirely compatible with the above object.

Organisational structure and decision-making processes

Governance

The charity is governed in accordance with a Constitution dated 30 October 2008 supplemented by approved relevant notes, a copy of which is available to members of the charity. In line with Baptist Union new and amended clauses ratified by the Charity Commission, the Constitution was updated in September 2021 following approval by the Church Meeting and Trustees to provide for virtual and hybrid church meetings.

Public Benefit

In planning our activities for the year, we have had regard for the Charity Commission's guidance on public benefit at our Trustees’ and Church Meetings (addressing Sections 4 and 17(5) of the Charities Act 2011). In achieving the aims and objectives as set out in this report, the Trustees consider that the charity is fulfilling its requirement to deliver a public benefit. This is particularly shown by:

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Burlington Baptist Church Trustees Report 2022-2023

Membership

Members are admitted in accordance with the provisions of the Constitution by vote of the Church Meeting on the basis of their profession of Christian faith, either by Believer’s Baptism or by affirmation. This year we have witnessed one baptism and now have a membership of 148. The list of members and friends is carefully reviewed as part of our three yearly Constitutional review schedule however the review was delayed due to Covid and the drop in membership reflects the changes in commitment and attendance in churches experienced across the UK as per a survey conducted by the Evangelical Alliance.

Members are encouraged to assist the work of the church by volunteering to help in various organisations of the church.

Trustees

The managing Trustees of the charity are the Ministers of the church (appointed by the Church Meeting for an unspecified period), the Church Secretary and Treasurer and between five and seven deacons (appointed by the Church Meeting for a period of three years).

The Trustees meet at least nine times per year to review operations, the financial position and any developments to ensure the church’s objectives are being fulfilled. Vision/Strategy meetings are held at least twice a year and include the wider staff team.

Church Meeting

A meeting of church members is held 3-4 times per year. One of the meetings incorporates the constitutional annual Church Members’ Meeting to receive the annual accounts and report, to appoint an Independent Examiner, and to consider proposals for the strategy and vision of the church in the coming year, along with other appropriate matters. At one meeting the Budget for the following year is discussed and agreed. Additional Vision Sundays are used to engage strategically with more members as appropriate through the year.

The Church Meeting has responsibility for the overall policy of the church, in accordance with the Constitution. Relevant matters may be submitted to the Church Meeting by the Trustees for guidance, or may be raised by members in a Church Meeting for further consideration by the Trustees.

Fraud Prevention

A Fraud Prevention and Tax Evasion policy is in place to ensure there will be greater awareness of the risks we face in this area, the necessary behaviour we expect from staff and volunteers and ways in which we are seeking to prevent fraud.

Data Protection

A Data Protection policy and procedures are in place to support our compliance with the European General Data Protection Regulations (GDPR). This includes privacy notices and consent forms with on-line tools being used as much as possible for easier operation.

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Burlington Baptist Church Trustees Report 2022-2023

Objectives and activities

Core activities

In order to achieve the principal objective which is set out above, the church provides a variety of activities both to its membership and to the public community. The aim is to show the love of Jesus Christ in both word and deed and to bring people into a closer relationship with Him as living Lord.

Additionally, we provide:

Our Senior Minister has been involved in speaking at Christian conferences in the UK and overseas, teaching groups of Baptist ministers online, and offering peer to peer support to other church leaders.

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Burlington Baptist Church Trustees Report 2022-2023

Charitable giving

The church has generally given at least 15% of its regular sources of income to other Christian charities. However, due to the cost-of-living crisis and a reduction in our income, this has been reduced to 5%. This percentage is reviewed regularly.

The main charities we donate to are:

Each Christmas we hold a retiring offering for Happy Home in Kenya which supports and provides accommodation and education to orphaned children and youths.

The church has continued to develop longer term partnerships with some mission partners, including the Path to Victory Project in Kyrgyzstan, Transforming Lives for Good (UK) and Kintsugi Hope (UK).

A full list of the charities that we have support during this period is contained in the notes to the financial statements.

Safeguarding children and vulnerable adults

The church operates systems to ensure that all Church Members working with children, young people and vulnerable adults are appropriately vetted with regard to the DBS system. Arrangements are in place for all such people to receive suitable training for their roles in the church.

Use of premises

Many church-led activities take place in the Church Centre. This facility is also used for some local Council meetings, a regular NCT group, Adult Education Classes, CSCS classes, a children’s keyboard class, camera club, Brownies and sometimes a local theatre group.

The Church Hall is used by a range of community groups. As well as being designated as a voting centre for local and national elections, it also facilitates:

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Burlington Baptist Church Trustees Report 2022-2023

The church has established policies to ensure that such hires come within the limitations of the Constitution and relevant laws.

The main Church Centre is approved for use by the Council as an emergency centre.

Community Hub

We have a long-held vision for converting the Church Hall into a Community Hub. Initial grant funding and donations were secured to proceed to stage 1 of the project which involved the appointment of architects and measurements to be made to ascertain a guide cost of the project. Several drawings were proposed and discussed at length with the Trustees until one plan was deemed the most appropriate and this was taken to the Church Meeting for further discussion with the architects in attendance. There was a unanimous agreement to progress with the proposal to pre-planning stage, which was granted.

Grant funding bids continue to be pursued. Alongside this, partnerships have been growing with Ipswich Borough Council, Suffolk County Council and Burlington Primary Care. One of our members has arranged a wreath-making class for the staff of Burlington Primary Care as part of their staff well-being programme for their staff, which is scheduled for December.

Health and Safety

The church, mindful that the Trustees bear full responsibility for this aspect of the life and work of the church, has appointed a Health and Safety Officer to advise the Trustees. This is currently the Operations Manager who ensures that relevant health and safety training is provided for employees and volunteer leaders of most church groups. Food hygiene advice is also available to those involved in preparing food for consumption on the church premises.

Achievements and performance

The church does not measure the success of its programmes primarily in numbers, including financial numbers, but in less tangible areas like fellowship and encouragement. The Trustees recognise that these are difficult to measure, but believe that the year covered by this report was again a positive one in the life of the church, and that it will be able to pursue its mission purposes in the future with renewed enthusiasm. We continued to work on starting, developing and maturing missional communities through this year.

The Trustees acknowledge that the work of the church is highly dependent on those members who provide voluntary service in many areas. These include:

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Burlington Baptist Church Trustees Report 2022-2023

As well as a Senior Minister we also employ paid staff to take the burden of administrative work off volunteers, such as:

There have been fairly stable numbers attending the Sunday worship celebration although these are lower than they were pre-Covid. There has been the encouragement of new people joining us regularly. Overall, we intuitively sense that our ‘reach’ into the wider community continues to be significant through the variety of community activities undertaken.

Support

We recognise that staff and key volunteers require a system of support and encouragement. These are principally provided by:

Maintenance and upgrade of the premises

The actions from the last quinquennial review in 17/18 are still actively being planned into the maintenance schedule. Routine day-to-day maintenance of the church buildings and manse was supplemented by a one-off cable repair to the lift in the Church Centre.

Major work is carried out by commercial contractors, with volunteers carrying out several minor tasks, contributing many hours of work.

The church premises continue to be secured by external dusk to dawn lighting, CCTV, an alarm system and use of SmartWater marking for key assets.

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Burlington Baptist Church Trustees Report 2022-2023

Financial review

Financial policies

The church has established systems to properly receive monies in and to control expenditure in accordance with the Constitution and the directions of the Trustees and Church Meeting. Budgets are matched to anticipated income based upon previous years and anticipated changes.

Financial guidelines have been approved by Members for the protection of the Church’s finances and assets and also for the protection of individual members of the Finance Team. The guidelines stipulate who may authorise payments at three levels of expenditure, and what processes should be followed when purchasing goods or services.

The Treasurer is always a Trustee. The Finance Manager is a part-time paid employee who manages day-to-day financial transactions (income and expenditure) on behalf of the church, monitors and reports on the financial situation, and prepares the annual budget and annual accounts. The Finance Manager reports to the Treasurer.

The Finance Committee is a separate group and consists of at least five people (though the standing committee is currently depleted). The committee is formed of the Treasurer plus other Church Members, only one of whom may be a Trustee. The Finance Committee considers and advises the Trustees on financial issues. In particular, they discuss, and amend, if necessary, the annual budget before it is presented to the Trustees’ Meeting. The Church Meeting is responsible for approving the budget. Similarly, the annual accounts are reviewed by the Finance Committee prior to approval by the Trustees’ Meeting, and are then received by the Church Meeting.

A comparison of budgeted income and expenditure against actual income and expenditure is presented to the Trustees at least four times per year.

The annual church accounts are prepared by the Finance Manager and independently examined by external, qualified accountants. The accountant who will carry this out is previously agreed by the Church Meeting.

Reserves Policy

Expenditure is controlled to match anticipated income based on annual budgets, with some allowance to build up reserves as prudent provision for known upcoming major expenses or anticipated deficits. The Reserves Policy is reviewed from time to time. Taking into account the Church’s current financial position, its annual income, its financial oversight, the potential for loss of key income and the need for adequate cash flow, it is considered that the current level of reserves, £27,000 may be too low. A level of three months expenditure, calculated across all non-restricted funds is considered prudent and our intention is to move towards that level.

General Fund

All freely available reserves are held in the General Fund. The Trustees monitor the level of reserves and will address any shortfall or make proposals to the Church Meeting in respect of any accumulated surplus to meet the church’s objectives. The reserves also represent the working balance of the church, particularly given the claiming of Gift Aid in arrears. During the course of this financial year the regular giving was lower than the budget, primarily through a drop in attendance and changes in personal circumstances including members re-locating out of the area. We also faced a lower than anticipated income from room hire. The finances were discussed at the October Church Meeting and

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Burlington Baptist Church Trustees Report 2022-2023

members were invited to review their current giving to allow budgets to be drawn up for the following year. Towards the end of the financial year two members of staff resigned resulting in an over-recovery of the financial position against the budget. Given the ongoing anticipated deficit with a fully-staffed position it was agreed by Trustees that a staff review would be undertaken before re-hiring commenced.

Restricted funds

Monies are held in Restricted Funds where an appeal or a donor restricts their use, for instance to support the work of a particular organisation within or outside the church.

Designated Funds

Living Wage

The church recognises that the mandatory minimum wage or the government national living wage may not be sufficient for people to be able to pay their bills. The optional but higher rate set by the Living Wage Foundation is implemented for all employees. Revised rates for the real Living Wage are announced each November. Pay for all employees and Minister(s) is increased from 1[st] January each year by the Baptist Union recommended percentage increase for ministerial stipends, unless this would leave an employee’s pay below the real Living Wage level set the previous November in which case the real Living Wage rate is used.

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Burlington Baptist Church Trustees Report 2022-2023

Risk assessment

The trustees have carried out or overseen relevant risk assessments and believe they have taken adequate steps to manage the risks identified.

Presentation currency

The presentation currency is £ sterling.

Signed following approval by the Trustees on 7 May 2024

Alice Speedie Church Secretary

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Burlington Baptist Church Trustees Report 2022-2023

Independent Examiner's Report to the Trustees of Burlington Baptist Church Ipswich

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 October 2023 which are set out on pages 13 to 32.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Association of Chartered Certified Accountants.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Vincent Chandler FCA FCCA Independent Examiner Moore Green Chartered Accountants 22 Friars Street Sudbury Suffolk CO10 2AA

03.07.2024

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Burlington Baptist Church Trustees Report 2022-2023

Statement of Financial Activities

Burlington Baptist Church

Statement of Financial Activities

For the period from 01 November 2022 to 31 October 2023

Notes Unrestricted Unrestricted Designated Designated Restricted Endowment
Total		 Endowment
Total		 Prior year
funds funds funds funds
funds		 total funds
Income and endowments from:
Donations and legacies 207,711.47 1,631.41 41,188.57 — 250,531.45 259,900.50
Income from charitable activities 149.24 7,173.02 368.99 — 7,691.25 7,211.40
Investments 441.36 — — — 441.36 57.89
Other income 33,969.90 29.00 1,000.00 — 34,998.90 31,799.69
Total income 2 242,271.97 8,833.43 42,557.56 — 293,662.96 298,969.48
Expenditure on:
Expenditure on charitable activities 220,560.37 19,746.17 25,468.01 — 265,774.55 327,357.33
Other expenditure — — — — — 287.00
Total expenditure 3 220,560.37 19,746.17 25,468.01 — 265,774.55 327,644.33
Gains / losses on investment assets — — — — — 20,563.54
Net income / (expenditure) resources before trans 21,711.60 (10,912.74) 17,089.55 — 27,888.41 (8,111.31)
Transfers 13
Gross transfers betw een funds - in 200.00 28,302.78 27,168.80 — 55,671.58 107,045.12
Gross transfers betw een funds - out (21,910.78) (33,760.80) — — (55,671.58) (107,045.12)
Net movement in funds 0.82 (16,370.76) 44,258.35 — 27,888.41 (8,111.31)
Reconciliation of funds
Total funds brought forward 27,283.28 114,617.71 1,509,382.38 **— ** 1,651,283.37 1,659,394.68
Total funds carried forward 27,284.10 98,246.95 1,553,640.73 **— ** 1,679,171.78 1,651,283.37

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Burlington Baptist Church Trustees Report 2022-2023

Balance Sheet

Burlington Baptist Church

Balance sheet (Separate funds) As at: 31 October 2023

Notes General Designated **Restricted ** Endowmen At 31/10/2023 Endowmen At 31/10/2023 At 31/10/2022
Fund Funds £ £
Fixed assets
Tangible assets — 28,088.91 1,538,906.00 — 1,566,994.91 1,573,840.85
Fixed assets 8 — 28,088.91 1,538,906.00 — 1,566,994.91 1,573,840.85
Current assets
Debtors 14,780.30 669.84 655 — 16,105.14 38,117.33
Cash at bank and in hand 23,147.22 69,488.20 14,962.56 — 107,597.98 52,743.79
Current assets 37,927.52 70,158.04 15,617.56 — 123,703.12 90,861.12
Liabilities 12
Creditors: Amounts falling due in one year 10,643.42 — 882.83 — 11,526.25 13,418.60
Net current assets less current liabilities 27,284.10 70,158.04 14,734.73 — 112,176.87 77,442.52
Total assets less current liabilities 27,284.10 98,246.95 1,553,640.73 — 1,679,171.78 1,651,283.37
Total net assets less liabilities 27,284.10 98,246.95 1,553,640.73 — 1,679,171.78 1,651,283.37

The financial statements were approved by the Board of Trustees on 7 May 2024 and were signed on behalf by:

Christopher Lacey

Church Treasurer

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Burlington Baptist Church Trustees Report 2022-2023

Notes to the Financial Statements for the year ended 31 October 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The charity constitutes a public benefit entity as defined by FRS102. The financial statements have been prepared 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.

The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. The policies have been consistently applied in all years presented unless otherwise stated.

Income recognition

All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

Donations

Donations are accounted for gross when received. Fixed asset gifts in kind are recognized when receivable and are included at fair value.

Legacies

Legacies are accounted for on the earlier of notification of an impending distribution and the legacy being received, provided that the legacy can be properly quantified.

Expenditure recognition

All expenditure is accounted for on an accruals basis. Expenditure is recognized where there is a legal or constructive obligation to make payments to third parties, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Grants payable

The Church makes grants to other organisations whose charitable objects complement its work. They are accounted for in the year in which they are paid or when the recipient has been notified of the grant and payment is unconditional.

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Burlington Baptist Church Trustees Report 2022-2023

Tangible fixed assets

Land and buildings, held by Burlington Baptists church for its own purposes, are stated at cost. All maintenance costs are written off as incurred. No depreciation is provided on freehold properties since it is the Trustees policy to maintain these assets in a continual state of sound repair, and accordingly the Trustees considers that any depreciation charge would be insignificant.

Functional equipment purchased for use within the church premises or elsewhere by Burlington Baptist church is capitalized and depreciated on a straight-line basis at the following annual rates

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees

Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements .

Restricted funds ran only be used for particular restricted purposes within the objects of the charity, Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

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Burlington Baptist Church Trustees Report 2022-2023

2. INCOME & ENDOWMENTS

Analysis of income and expenditure Selected period: 01 November 2022 to 31 October 2023

Total
Unrestricted D esignated R estricted Endo wment T his year Last year
Income and endowments
Donations and legacies
1101 - Offerings 163,431.07 — 525.00 — 163,956.07 169,676.81
1102 - Tax refunds 30,962.46 69.44 2,900.91 — 33,932.81 42,134.64
1103 - Grants — — 18,470.00 — 18,470.00 1,000.00
1104 - Gifts & Donations 13,317.94 1,561.97 19,292.66 — 34,172.57 47,089.05
Donations and legacies Totals 207,711.47 1,631.41 41,188.57 — 250,531.45 259,900.50
Income from charitable activities
1302 - Other activities 149.24 7,173.02 368.99 — 7,691.25 7,211.40
Income from charitable activities 149.24 7,173.02 368.99 — 7,691.25 7,211.40
Totals
Investments
1201 - Bank interest 441.36 — — — 441.36 57.89
Investments Totals 441.36 — — — 441.36 57.89
Other income
1303 - Insurance Claim — — — — — 4,648.56
1401 - Room hire 33,800.49 — — — 33,800.49 26,441.92
1402 - Sundry income 169.41 29.00 — — 198.41 209.21
1405 - Intern Fees — — 1,000.00 — 1,000.00 500.00
Other income Totals 33,969.90 29.00 1,000.00 — 34,998.90 31,799.69
Income and endowments 242,271.97 8,833.43 42,557.56 — 293,662.96 298,969.48
Grand totals

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Burlington Baptist Church Trustees Report 2022-2023

3. EXPENDITURE

T o tal
Unrestricted D esignated R estricted Endo wment T his year Last year
Expenditure
Expenditure on charitable activities
2000 - Church w eekend — 2,150.00 — — 2,150.00 1,633.00
2002 - Other activities — 3,961.72 5,985.26 — 9,946.98 4,979.09
2100 - Ministry 966.37 233.35 300 — 1,499.72 1,853.91
2101 - Wages & salaries 143,852.89 — — — 143,852.89 127,534.99
2102 - Pensions 8,554.08 — — — 8,554.08 7,917.74
2103 - Training 2,868.53 — — — 2,868.53 3,169.74
2104 - Travel & Conference 1,320.60 612.74 — — 1,933.34 1,909.96
2105 - Manse Expenses 6,348.65 — — — 6,348.65 4,752.69
2110 - Mission Giving 12,100.89 230 2,363.99 — 14,694.88 44,844.92
2111 - Outreach — — 445.81 — 445.81 —
2120 - Children's w ork 318.96 — — — 318.96 753.9
2122 - Catering costs 1,443.17 1,367.47 981.86 — 3,792.50 4,625.61
2130 - Pastoral — 101.21 — — 101.21 —
2300 - Resource materials 239.35 351.51 — — 590.86 504.05
2301 - Equipment 1,438.30 182.04 1,529.40 — 3,149.74 1,223.68
2303 - Computer Softw are 2,378.51 — 143.88 — 2,522.39 2,177.40
2400 - Church Heat light & Water 14,946.20 — — — 14,946.20 11,731.58
2401 - Insurance 6,123.28 — — — 6,123.28 6,509.26
2402 - Cleaning Materials 1,420.99 — — — 1,420.99 1,555.68
2403 - Repairs and renew als 5,067.16 2,552.88 13,462.38 — 21,082.42 73,538.55
2406 - Flow ers 135.62 — 255.43 — 391.05 845.57
2408 - Halls Heat and Light & Water 2,766.40 — — — 2,766.40 4,539.37
2410 - Manse repair & maintenance 1,057.91 — — — 1,057.91 4,549.38
2411 - Manse Insurance 136.09 — — — 136.09 308
2600 - Printing stationery and 1,271.52 — — — 1,271.52 863.25
advertising
2601 - Telephone & Broadband 1,865.75 — — — 1,865.75 1,622.99
2602 - Subscriptions 2,270.94 359.7 — — 2,630.64 4,104.78
2603 - Bank charges 279.76 — — — 279.76 267
2604 - Sundry expenses 86.45 219.62 — — 306.07 306.88
2607 - DBS Checks — — — — — 89
2800 - Depreciation — 7,423.93 — — 7,423.93 7,345.36
2900 - Independent Examination 1,302.00 — — — 1,302.00 1,300.00
Expenditure on charitable 220,560.37 19,746.17 25,468.01 — 265,774.55 327,357.33
activities Totals
Other expenditure
2701 - Pension Deficit Interest
Other expenditure Totals		 —
—		 —
—		 —
—		 —
—		 —
—		 287
287
Expenditure Grand totals 220,560.37 19,746.17 25,468.01 — 265,774.55 327,644.33

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Burlington Baptist Church Trustees Report 2022-2023

4. STAFF COSTS

Staff Costs 2021/22 2020/21
Gross Salaries* £139,405 £124,757
Employers National Insurance** £4,499 £2,778
Pensions*** £17,194 (£8,778)
£161,097 £118,757

The average monthly employees during the year was 8 (2021/22: 8)

No employee received emoluments in excess of £60,000

Two ministers act as Trustees and received remuneration including gross pensionable salary, payrolled benefits, housing allowance, Employer NI and Employer pension in 2022/23, as employees of Burlington Baptist church totalling £59,668 (2021/22 £ 58,896).

The ministers received benefits in respect of their services as Minister, including the provision to the Senior Minister, of manse accommodation owned by the church.

Payments in respect of other post-retirement benefits are charged to the Statement of Financial Activities in the period to which they relate.

Accrued holiday pay is not recognized in the financial statements as this is not considered to be a material component of total expenditure.

5. PENSIONS

The Church is a participating employer in the Baptist Pension Scheme (“the Scheme”), which is a separate legal entity administered by the Pension Trustee (Baptist Pension Trust Limited). The assets of the Scheme are held separately from those of the Employer and the other participating employers. The Scheme, previously known as the Baptist Ministers’ Pension Fund, started in 1925, but was closed to future accrual of defined benefits on 31 December 2011. Prior to this date the main benefit provided through the Defined Benefit (DB) Plan was a pension of one eightieth of final minimum pensionable income for each year of pensionable service together with additional pension in respect of premiums paid on Pensionable Income in excess of Minimum Pensionable Income

From January 2012, pension provision is being made through the Defined Contribution (DC) Plan within the Scheme. In general, members pay 8% of their Pensionable Income and employers pay 6% of members’ Pensionable Income into individual pension accounts, which are operated and managed on behalf of the Pension Trustee by Broadstone Corporate

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Burlington Baptist Church Trustees Report 2022-2023

Benefits Ltd. In addition, the employer pays a further 4% of Pensionable Income to cover Death in Service Benefits, administration costs, and an associated insurance policy which provides income protection for Scheme members if they are unable to work due to long-term incapacity. This income protection policy has been insured by the Baptist Union of Great Britain with Aviva Limited. The Scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. Because it is not possible to attribute the Scheme’s assets and liabilities to specific employers, the scheme is accounted for as if the Scheme were a defined contribution scheme.

Actuarial valuation as at 31 December 2019

A formal valuation of the Defined Benefit (DB) Plan was performed at 31 December 2019 by a professionally qualified Actuary using the Projected Unit Method. The market value of the DB Plan assets at the valuation date was £298 million.

The valuation of the DB Plan revealed a deficit of assets compared with the value of liabilities of £18 million (equivalent to a past service funding level of 94%). The Church and the other employers supporting the DB Plan are collectively responsible for funding this deficit. The key assumptions underlying the valuation were as follows:

Type of financial
**assumption **		 % pa
RPIprice inflation assumption 3.20
CPI price inflation assumption 2.70
Minimum Pensionable Income
increases (RPI)		 3.20
Assumed investment returns
-Pre-retirement 2.95
-Post retirement 1.70
Deferred pension increases
-Pre April 2009 3.20
-Post April 2009 2.50
Pension increases
- MainScheme pension 2.70
§Post–retirement mortality in accordance with 80% of the S3NFA and S3NMA tables, with
allowance for future improvements in mortality rates from 2013 in line with the CMI 2019 core
projections, with a long-term annual rate of improvement of 1.75% for males and 1.5% for
females, with the core smoothing parameter and with additional initial mortality improvement
factor A=0.5%.
The next actuarial valuation of the DB Plan within the Scheme is due to take place not later than
as at 31 December 2022.
The agreed Revised Schedule of Contributions for that date was confirmed and agreed in December 2023 with the
Pension Actuaries and the Pension Regulator thatthere is now no longer a deficit, and so no pension provision is
required.

21

Burlington Baptist Church Trustees Report 2022-2023

Recovery Plan

At the end of June 2022, the Baptist Pension Scheme signed an agreement with the insurance company Just Group (‘Just’) to secure members’ pension benefits under the Defined Benefit (‘DB’) Plan. As a result, the Scheme no longer has a shortfall. A revised statement of contributions was announced in July 2022 with deficit contributions from each participating employer in the DB Plan reducing to just £1 per month from August 2022. See www.baptist.org.uk/pensions for more details.

DB Plan finances and risk exposure

As things currently stand, it is expected that the trustees of the scheme that the existing DB Plan funds to be adequate and a relatively small surplus may emerge. Discussions over the use of surplus are ongoing but we cannot rule out the possibility of a shortfall. Deficit Recovery Contributions (DRCs) In light of the above uncertainties, the Trustee will continue to collect £1 per month from each employer so that the direct debit facility remains open should there be a significant change in circumstances. If there is a significant detrimental change, employers may be asked to increase their contributions. This requirement will cease when the buy-out completes - and we move towards wind up of the DB Plan.

Movement in Balance Sheet liability

Section 28.11A of FRS 102 requires agreed deficit recovery payments to be recognised as a liability. The movement in the provision is set out in the table below.

Accounting date (year ending): Accounting date (year ending): 31 October 2023 31 October 2022
Balance sheet liability at year start - £23,851
Minus deficiency contributions paid £0 (£3,575)
Interest cost (recognised in SoFA) £0 £287
Remaining change to balance sheet
liability*(recognised in SoFA)		 £0 (£20,563)
Balance sheet liability at year end - -
* Comprises anychange in agreed deficit recovery plan and change in assumptions betweenyear-ends.

A workplace pension scheme for all other employees is provided by NEST. At 31 October 2023 there were four eligible job holders and one job holder with a right to opt in, enrolled into the work place pension scheme provided by NEST.

6. RELATED CHARITIES

The custodian Trustee of the church is the Baptist Union Corporation Limited which is charity number 249635, and which is controlled by the Baptist Union Council. The church is also a member of the Baptist Union of Grant Britain, and the Eastern Baptist Association which is charity number 1089795.

The church was registered as a charity on 11 November 2008, charity commission number 1126707.

22

Burlington Baptist Church Trustees Report 2022-2023

The church made donations to the Baptist Union Home Mission scheme of £168 (2021/22: £7,139).

7. RELATED PARTY TRANSACTIONS

Four trustees received a total of £2,248 for reimbursed expenses (2021/22: Two Trustees, £1,860).

The aggregate amount of donations received from Trustees and related parties was £54,930 (2021/22: £58,828).

8. FIXED ASSETS

Cost
At 31st Oct 2022
Additions
Disposals
Revaluation
At 31st Oct 2023
Depreciation
At 31st Oct 2022
Charge for the year
At 31st Oct 2023
Net book value
At 31st Oct 2022
At 31st Oct 2023		 Church
Premises
£200,000
£200,000
£200,000
£200,000		 Manse
£189,669
£189,669
£189,669
£189,669		 Church
Centre
£1,149,237
£1,149,237
£1,149,237
£1,149,237		 Fixtures,
Total
Fittings &
Equipment
£274,917
£1,813,823
£578
£578
£0
£0
£275,495
£1,814,401
£239,983
£239,983
£7,424
£7,424
£247,407
£247,407
£34,934
£1,573,840
£28,088
£1,566,994

9. OTHER RECOGNIZED GAINS/LOSSES

2022/23 2021/22
£ £
Re-measurement of multi-employer pension liability - 20,564

– 10. CURRENT ASSETS DEBTORS

10. CURRENT A SSETS – DEBTO RS
Class and nominal code General Designated Restricted Endowment Total Last year
Current assets - Debtors
DEBTORS : Debtors — — — — — 4,648.56
GIFTAID : Gift Aid Refund 10,549.39 89.84 655 — 11,294.23 27,937.01
receivable
PREPAY : Prepayments -504.2 504 — — -0.2 2,334.83
Z05 : Accounts Receivable 2,931.56 76 — — 3,007.56 1,108.40
Z06 : Prepayments 1,803.55 — — — 1,803.55 2,088.53
Total 14,780.30 669.84 655 — 16,105.14 38,117.33

23

Burlington Baptist Church Trustees Report 2022-2023

11. CASH AT BANK AND IN HAND

----- Start of picture text -----
Class and nominal code General Designated Restricted Endowment Total Last year
Current assets - Cash at bank and in hand
6501 : Barclays Account 7,338.31 (9,835.94) 15,533.84 — 13,036.21 1,417.55
6502 : Barclays Premium 2,547.18 2,511.88 — — 5,059.06 2,544.13
6503 : CAF Account 47,216.80 18,578.98 (1,391.10) — 64,404.68 23,150.47
6504 : Contact Cash — 28.29 — — 28.29 28.29
6510 : ElevensesF4TS Cash — — 52.55 — 52.55 64.44
6514 : Flow er Cash 54.02 — (28.59) — 25.43 41.67
6515 : Impact Cash — 27.49 (27.49) — — 28.40
6516 : Impact current account — (818.85) 818.85 — — 873.19
— — —
6517 : Ladies Fellow ship Current (0.02) (0.02) (0.02)
6523 : Time to Sew Cash — 254.14 4.50 — 258.64 189.01
6526 : Tiddlyw inks Cash — 36.35 — — 36.35 53.89
6530 : CAF Gold ( General) (35,023.70) 58,655.88 — — 23,632.18 23,289.89
6531 : Scottish w idow s ( General) 1,015.62 — — — 1,015.62 1,013.89
6532 : First Steps Cash — 50.00 — — 50.00 50.00
6590 : Cash in hand (1.01) — — — (1.01) (1.01)
Total 23,147.22 69,488.20 14,962.56 — 107,597.98 52,743.79
----- End of picture text -----

– 12. LIABILITIES CREDITORS

----- Start of picture text -----
Class and nominal code General Designated Restricted Endowment Total Last year
Liabilities - Agency accounts
6699 : Agency collections — — 23.64 — 23.64 —
Total — — 23.64 — 23.64 —
Liabilities - Creditors: Amounts falling due in one year
— — —
BU : Baptist Union Loan (0.31) (0.31) (0.31)
Corporation
CREDITORS : Other Creditors 4,842.09 — 173.50 — 5,015.59 10,398.52
Z04 : Accounts Payable 5,801.33 — 686.00 — 6,487.33 3,020.39
Total 10,643.42 — 859.19 — 11,502.61 13,418.60
----- End of picture text -----

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Burlington Baptist Church Trustees Report 2022-2023

13. MOVEMENT IN FUNDS

Purpose and Restriction of Funds

Designated Purpose Restriction
AVFUND - Worship AV Fund Audio Visual equipment None
CHURCHWE – Church Weekend Funds for the church weekend. None
DUCKLINGS – Singing Ducklings Activities of the Singing Ducklings
community groupnow closed.		 None
DUKE - Duke of Edinburgh Duke of Edinburgh group activities None
EQUIP - Equipment Equipment expenditure - now closed None
ETERNITY - Eternity Activities of the Emerge youth group None
FIXTURES - Fixtures Furniture and
Equipment Reserve		 Furniture and equipment fixed assets None
IMPACT - Impact Activities of Impact missional
community		 None
INTERN - Intern Fund Activities of the Internship Programme None
CHAT – Coffee & Chat Activities of the coffee & chat group
which has replaced Ladies fellowship
and lunch club missional communities		 None
LEGACY - Legacy Funds given in memory of deceased
for use for specificprojects		 None
LUNCH - Lunch Club Activities of the Lunch Club missional
community– now closed		 None
Mission - Mission Giving Mission giving, part of the tithe None
NEW - New Projects new projects in respect of staff or
buildings or outreach		 None
REPAIRS - Repairs & Renewals For maintenance and repair of church
buildings		 None
SABBAT - Sabbatical assist our ministers with travel costs
during their sabbaticals and to fund
the additionalpreachingfees		 None
SAX - Saxceptional Activities of the Saxceptional mission
communityNow closed		 None
TIDDLY – Tiddlywinks Activites of the Tiddlywinks missional
community		 None
TIME – A Time to Sew Activities of the Time to Sew missional
community		 None
Zpension – Pension reserves Represents the Pension Liability None
Restricted Funds Purpose Restriction
BMS - BMS Setup to receive church member
donations to add to church mission
givingto BMS		 Funds can only be used for the stated
purpose
CENTRE - Church Centre Reserve Fixed assets fund for the church
centre building		 Funds can only be used for the stated
purpose
CHILDREN - Childrens Work Donations from church members for
childrens work at Burlington		 Funds can only be used for the stated
purpose
COMMHUB – Community Hub Community Hub development project Funds can only be used for the stated
purpose
DUKE - Duke of Edinburgh Donations from church members for
activities of the DofEgroup		 Funds can only be used for the stated
purpose
ETERNITY - Eternity Donations from church members for
youth work at Burlington		 Funds can only be used for the stated
purpose
F4TS11SES - Feet for the
Street/Elevenses		 Donations for the missional
community that offers hot food and
drinks as well as clothes, sleeping
bags		 Funds can only be used for the stated
purpose
FLOWER - Flowers Donations to be used for church
flowers		 Funds can only be used for the stated
purpose
H4I - Heart For Ipswich Funds allocated for Heart for Ipswich (
now Network Suffolk)		 Funds can only be used for the stated
purpose

25

Burlington Baptist Church Trustees Report 2022-2023

HAPPY - Happy Homes Donations received from church
member to add to church mission
givingto HappyHome(Kenya)		 Funds can only be used for the stated
purpose
HOME - Home Mission Donations received from church
members to add to church mission
givingto EBA		 Funds can only be used for the stated
purpose
IMPACT - Impact Donations for the activities of the
missional community that visits local
hostel		 Funds can only be used for the stated
purpose
OPEN - Open Door Donations for the activities of the
missionalprovidingmeal at Christmas		 Funds can only be used for the stated
purpose
PERSPECT - Perspectives Donations received from church
members to add to church mission
givingto Perspectives		 Funds can only be used for the stated
purpose
PROJECTOR - PROJECTOR Donations in response to an appeal
for aprojector now closed		 Funds can only be used for the stated
purpose
PROP - Property Reserve Fixed asset fund - Church building Funds can only be used for the stated
purpose
RUTH - Project Ruth Donations received from church
members to add to church mission
givingto Project Ruth		 Funds can only be used for the stated
purpose
SANCTUARY – Sanctuary Refurb Sanctuary refurbishment fund Funds can only be used for the stated
purpose
SPURSE - Samaritans Purse Donations received from church
members to add to church mission
givingto Samaritans Purse		 Funds can only be used for the stated
purpose
SpecGifts - Special Gifts Proceeds from special collections to
add to church mission giving to
various charities		 Funds can only be used for the stated
purpose
TEAR - Tear Fund Donations received from church
members to add to church mission
givingto Tear Fund		 Funds can only be used for the stated
purpose

Fund Transfers

Transfers between fund classes Description £
Transferred from General funds to
Designated funds		 Transfer from General to Church
Weekend fund to cover deficit. £273
Transfer £600 to Duke of Edinburgh
fund for DofE license
Transfer £1100 to Eternity for youth
work
Transfer £578 to Fixtures for purchase
of capital equipment
Transfer £6000 to Repair fund for
planned maintenance and repairs
Transfer £1050 to Sabbatical fund.		 9,601
Transfer between Designated funds Transfer £6392 from Sanctuary fund
to New Projects as pledges pay off
some of the deficit		 6,392
Transfer General to Restricted funds 0
Transfer from Designated funds to
General fund		 Transfer £200 donation from Time to
sew to General funds		 200
Transfers from Designated to
Restricted		 Transfer £27,169 from Sanctuary
fund to Sanctuary fund to cover the
deficit on the Sanctuary fund		 27,169
Transfer from Restricted funds to
Designated		 0

26

Burlington Baptist Church Trustees Report 2022-2023

Burlington Baptist Church

Fund movement by type Selected period: 01 November 2022 to 31 October 2023

----- Start of picture text -----
F und and type F und balances Inco ming Outgo ing T ransfers Gains and Jo urnal F und balances
bro ught fo rward R eso urces R eso urces Lo sses Entries carried fo rward
Unrestricted
General - General fund 27,283.28 242,271.97 220,560.37 (21,710.78) — — 27,284.10
Sub-to tals 27,283.28 242,271.97 220,560.37 (21,710.78) — — 27,284.10
Designated
CHAT - Coffee and 2,423.00 — — — — — 2,423.00
Chat
CHURCHWE - Church 294.78 382.43 950.00 272.79 — — —
Weekend
DUCKLINGS - Singing 30.92 — 30.92 — — — —
Ducklings
DUKE - Duke of (1.57) 53.48 359.70 600.00 — — 292.21
Edinburgh
EQUIP - Equipment — 1,114.98 — — — — 1,114.98
ETERNITY - Eternity 1,040.89 4,914.94 6,274.69 1,100.00 — — 781.14
FIXTURES - Fixtures 34,934.85 — 7,423.93 577.99 — — 28,088.91
Furniture and
Equipment Reserve
IMPACT - Impact 251.90 — — — — — 251.90
INTERN - Intern Fund 5,082.37 — 388.54 — — — 4,693.83
Mission - Mission 182.28 — — — — — 182.28
Giving
NEW - New Projects 13,428.05 — — 18,702.00 — — 32,130.05
REPAIRS - Repairs & 12,272.07 — 2,552.88 6,000.00 — — 15,719.19
Renew als
SABBAT - Sabbatical 5,568.95 — — 1,050.00 — — 6,618.95
SANCTUARY - 38,555.80 50.00 — (33,560.80) — — 5,045.00
Sanctuary Refurb
Fund
TIDDLY - Tiddlyw inks 368.91 448.00 465.54 — — — 351.37
TIME - A Time to Sew 184.51 1,869.60 1,299.97 (200.00) — — 554.14
Sub-to tals 114,617.71 8,833.43 19,746.17 (5,458.02) — — 98,246.95
----- End of picture text -----

27

Burlington Baptist Church Trustees Report 2022-2023

----- Start of picture text -----
F und and type F und balances Inco ming Outgo ing T ransfers Gains and Jo urnal F und balances
bro ught fo rward R eso urces R eso urces Lo sses Entries carried fo rward
Restricted
BMS - BMS 18.75 150.00 168.00 — — — 0.75
CENTRE - Church 1,149,237.31 — — — — — 1,149,237.31
Centre Reserve
CHILDREN - Childrens 348.44 — — — — — 348.44
Work
COMMHUB - 3,750.60 20,229.80 13,462.38 — — — 10,518.02
COMMUNITY HUB
EBACOYEAR - EBA 25.00 — — — — — 25.00
Church of the Year
ETERNITY - Eternity 15.23 — — — — — 15.23
F4TS11SES - Feet for 1,702.57 433.99 635.88 — — — 1,500.68
the Street/Elevenses
FLOWER - Flow ers 25.43 230.00 255.43 — — — —
FORMNETWOR - 1,480.80 1,000.00 803.88 — — — 1,676.92
FORM Netw ork
H4I - Heart For 250.00 — — — — — 250.00
Ipsw ich
HAPPY - Happy — 427.18 313.76 — — — 113.42
Homes
HOME - Home Mission 18.75 150.00 168.00 — — — 0.75
IMPACT - Impact 837.19 — — — — — 837.19
OPEN - Open Door 219.87 30.00 345.98 — — — (96.11)
PROJECTOR - 0.97 — — — — — 0.97
PROJECTOR
PROP - Property 389,669.00 — — — — — 389,669.00
Reserve
RUTH - Project Ruth 282.86 — — — — — 282.86
SANCTUARY - (38,555.39) 6,386.59 — 27,168.80 — — (5,000.00)
Sanctuary Refurb
Fund
SCCTOURS - SCC — 8,470.00 6,008.22 — — — 2,461.78
SUFFOLK TOUR
SpecGifts - Special — 1,750.00 — — — — 1,750.00
Gifts
TEAR - Tear Fund 55.00 300.00 350.00 — — — 5.00
TFIMoveOn - TFI — 3,000.00 2,956.48 — — — 43.52
Move On
Sub-to tals 1,509,382.38 42,557.56 25,468.01 27,168.80 — — 1,553,640.73
----- End of picture text -----

Note: The Sanctuary Refurb Fund was established to receive donations in response to an appeal for a capital refurbishment project. The expenditure on the project exceeded income, however, there are active pledges of donations which we are still to receive into this fund. The deficit in this fund will reduce by these donations but in the meantime is offset by funds transferred from New Projects into a designated Sanctuary Refurbishment fund.

28

Burlington Baptist Church Trustees Report 2022-2023

14. GRANT MAKING

Analysis of grants paid (included in Mission Giving under Costs of Charitable Activities in Note 3)

Analysis Grants to
Institutions
(£)		 Grants to
Individuals
(£)		 Support
Costs
(£)		 Total
(£)		 2022/23
Beam 98 98 700
BMS 414 414 3,639
BugB EBA Home Mission 168 168 7,139
CYM 546 546 1,750
Happy Homes Kenya 388 388 697
Harnhill 98 98 700
CAP debt Centre (Hope
Church)		 3,740 3740 3,010
Inspire Christian Counselling 542 542 1,575
Irini Trofimov - 1,624 1624 3,500
Kintsugi Hope 540 540 1,575
Oasis Language School - - 420
Perspectives 542 542 1,575
Project Ruth 1,622 1622 12,887
Route to
Freedom		 1,501 1501 1,505
TLG (ST Matthews Church) 600 600 700
Talitha Koum - 450
Tearfund 350 350 803
TWAM 50 50 450
YMCA Trinity - - 269
Move On grants to Ukrainian
refugees		 - 1,364 1,364 -
Community grant 30 30 -
Mission on the Move 200 200 -
Unallocated 278 477 3,028
Total 11,707 2,988 14,695 37,979

29

Burlington Baptist Church Trustees Report 2022-2023

15. Comparative figures are provided in the following two reports for the SOFA and movement in funds for 2021/22

----- Start of picture text -----
Unrestricted Designated Restricted Endowment Total Prior year
funds funds funds funds funds total funds
Income and endowments from:
D:>nations and legacies 202,935 1,995 54,971 259,901 225,523
lncorre from charitable activities 20 7,192 7,211 1,295
lnvestrrents 58 58 2
Other incorre 26,576 4,724 500 31,800 22,129
Total income 229,589 13,910 55,471 298,969 248,950
Expenditure on:
Raising funds
Expenditure on charitable activities 224,431 31,870 71,056 327,357 239,399
Other expenditure 287 287 281
Total expenditure 224,431 32,157 71,056 327,644 239,680
Net income/ (expenditure) resources before trans 5,158 (18,247) (15,585) (28,675) 9,270
Transfers
Gross transfers between funds - in 15,388 91,656 1 107,045 25,508
Gross transfers between funds - out (20,316) (63,138) (23,590) (107,045) (25,508)
Other recognised gains/ losses
Gain/Losses on pension liability 20,564 20,564 (212)
Net movement in funds 230 30,835 (39,174) (8,111) 9,058
Reconciliation offunds
Total funds brought forward 27,054 83,783 1,548,558 1,659,395 1,650,337
Total funds carried forward 27,284 114,618 1,509,384 1,651,284 1,659,395
----- End of picture text -----

30

Burlington Baptist Church Trustees Report 2022-2023

Movement in Funds 2021/22

Fund movement by type Selected period: 01 November 2021 to 31 October 2022

Fundandtype Fund balances Incoming Outgoing Transfers Gainsand Journal Fund balances
brought forward Resources Resources Losses Entries carriedforward
Unrestricted
General-Generalfund 27,054 229,589 224,431 (4,929) 27,283
Sub-totals 27,054 229,589 224,431 (4,929) 27,283
Designated
AVFUND - Worship 234 (234)
AVFund
CHAT - Coffee and 2,367 56 2,423
Chat
CHURCHWE- Church 1,855 2,951 1,391 295
Weekend
DUCKLINGS-Singing 376 345 31
Ducklings
DUKE- Dukeof (165) 714 2,180 1,629 (2)
Edinburgh
EQUIP - Equiprrent 55 (55)
EfERNl1Y-Bernity 1,437 4,923 5,020 (300) 1,041
FIXTURES - Fixtures 16,031 7,345 26,249 34,935
Furniture and
Equiprrent Reserve
IMPACT-Impact 252 252
INSPIRE- Inspire
INTERN - Intern Fund 11,415 553 {5,779) 5,082
LEGACY - Legacy 12,224 (12,224)
Mission-Mission 181 182
Giving
NEW -NewProjects 49,030 (35,602) 13,428
REPAIRS - Repairs& 13,161 4,649 11,537 6,000 12,272
Renewals
SABBAT- Sabbatical 4,519 1,050 5,569
SANCTUARY- 38,556 38,556
SanctuaryRefurb
Fr1nrl
SAX - Saxceptional 50 (50)
TIDDLY - Tiddlywinks 515 492 638 369
TIME-A TirretoSew 313 1,172 1,301 185
ZPension-Pension (28,162) 287 7,885 20,564
reserves
Sub-totals 83,783 13,910 32,157 28,518 20,564 114,618

31

Fundandtype
Fund balances
brought forward
Incoming
Resources
Outgoing
Resources
Transfers
Gains and
Losses
Journal
Entries
Fund balances
carriedforward
Restricted
BMS-BMS
23
135
139
19
CENTRE- Church
1,149,237
1,149,237
CentreReserve
CHILDREN- Childrens
648
{300)
348
Work
COMMHUB-
3,751
3,751
COMMUNITYHUB
DUKE-Dukeof
(1)
Edinburgh
EBACOYEAR- EBA
25
25
ChurchoftheYear
ETERNITY - Bernity
13
30
28
15
F4TS11SES- Feetfor
2,347
122
766
1,703
the Street/Bevenses
FLOWER - Flowers
114
88
25
FORMNET\M)R-
1,500
19
1,481
FORMNetwork
H4I-Heart For
250
250
Ipswich
HAPPY - Happy
(5)
212
207
Homes
HOME- HomeMssion
23
135
139
19
IMPACT- Impact
1,220
383
837
OPEN-OpenDear
392
172
220
PROJECTOR-
1
PROJECTOR
PROP-Property
389,669
389,669
Reserve
RUTH - Project Ruth
5
9,665
9,387
283
SANCTUARY-
4,624
39,533
59,423
(23,289)
(38,555)
SanctuaryRefurb
F11nrl
TEAR-Tear Fund
85
275
305
55
Sub-totals
1,548,558
55,471
71,056
(23,589)
1,509,382
Totals
1,659,395
298,969
327,644
20,564
1,651,283

16. INDEPENDENT EXAMINATION FEES

2022/23 2021/22 £ £ Independent Examiner ’ s Fee 1,200 1,300

32