Dagnall Street Baptist Church 

Registered Charity Number 1127791 

# REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 

## FOR 

## DAGNALL STREET BAPTIST CHURCH ST ALBANS 

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## Dagnall Street Baptist Church Trustees’ Annual Report for 2021 The trustees present their Annual Report and financial statements for 2021. 

## Objectives and activities 

The principal purpose of the charity (which throughout this report will be referred to as the Church) 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. 

When planning our activities for the year, the trustees have considered the Charity Commission's guidance on public benefit and in particular the specific guidance on charities for the advancement of religion. The trustees try to enable ordinary people to live out their faith as part of our Church community. 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 community generally. 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. 

Central to the work and witness of the Church is the provision of regular public services of Christian worship. These services take place most Sundays at 10 30 am. There are also services at other times. By the end of the year, the majority of the Church's activities had recovered following the COVID19 epidemic. The weekly podcast continued to be transmitted and was appreciated by those still reluctant to attend in person. The children's weekday programmes have restarted and Sunday children’s ministry has adapted to suit the ‘new normal’. The Church seeks to be a friendly welcoming community and anybody is free to attend any of these services. Prayer is offered after morning worship. Prayer weeks are organised on an occasional basis. 

The Church runs a series of house groups for the growth of faith and discipleship in the homes of some members and at the Church. Also from time to time, the Church runs courses for people interested in discovering more about Christianity. The Church is responsible for a weekly term time Toddler Group which meets on the Church premises on Wednesday mornings and monthly, on Saturday mornings, ‘Who Let the Dads Out' meets with the purpose of assisting the community and demonstrating the love of Jesus Christ. The Church runs various organisations and events for Children and Young People. The Church operates systems to ensure that all people working with children and vulnerable adults are appropriately vetted with regard to the Disclosure and Barring Service. The Church has two Designated Persons and their photographs are displayed alongside the photographs of the ministers and deacons and all the employed staff at the Church and Cross Street Centre Limited. 

The Cross Street cafe is wholly owned and run by the Church, open four days a week for four hours each day. The directors of the company limited by guarantee - Cross Street Centre Limited - manage the cafe. The surplus from trading is covenanted to the Church each year. The Cross Street Centre provides a meeting point for both formal and informal meetings. Many community groups use these premises on a regular and also on a one off basis. The Cross Street Centre also runs a games group, a knitting group and a book library. These are all open to members of the community. 

## Achievements and Performance During 

## 2021: 

The Church does not measure the success of its programmes only in numbers, including financial numbers, but also in less tangible areas like fellowship and encouragement. The Trustees recognise that these are difficult to measure, especially given the disruption to activities in the last year, but believe that 2021 was a positive year in the life of the Church, and that it will be able to pursue its mission purposes in 2022 with renewed enthusiasm. 

At 31 December 2021 the membership stood at 92 (2020: 94). There were 3 new members added during the year, 4 members died and 1 was removed. 

The Church is actively promoting the use of the premises by groups that are working for the benefit of the local community. This means that the Church premises are occupied for around 30 hours from Monday — Saturday. The groups that use the premises are pastorally supported by the Cross Street Centre staff and by the ministry team. 

Financial Review The Church continues to raise the funds, which it needs to carry on its activities from within its own membership and congregation. Some income is generated from hire of premises and the annual covenant from Cross Street Centre Limited. No wider public appeal was made for funds during the year. 

The most significant 'Ministry' expense represents the costs of the Minister - Rev Simon Carver - who leads and coordinates the Church's activities including the Sunday Services, provides pastoral care for the congregation and other 

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Dagnall Street Baptist Church i people, and equips and encourages the membership in their life, Christian witness and service. The Church employs a fulltime site manager, Mr. David Hobbs. The minister and site manager live in accommodation provided by the Church. The Church expressed its part in the life of the wider Church by making grants to local, national, intemational Christian and socially aware organisations and societies with aims and objectives compatible with the Church's own charitable purpose. The Church is heavily dependent on its membership working as volunteers in all aspects of the Church’s activities, many of which run with little or no impact on the Church's expenditure, but nevertheless contribute substantially to the achievement of the Church's objectives. The financial results for the year, together with a summary of the accounting policies adopted are set out in the accompanying financial statements. The Church had net income of £2,686 in the year (2020: net expenditure £55,980) which increased general reserves to £150,946 (2020:148,725). These reserves are needed to cover future expenditure of the Church and are in addition to the designated reserves of £60,000 held in relation to our reserves policy. 

TheReserves Trustees have established a Reserves Policy and are satisfied that they have sufficient reserves at the Balance Sheet date, together with ongoing income anticipated, to enable the Church to function effectively in the coming year. Our medium term plan is to maintain a minimum of six months of total expenditure reserves. We have used £100k of our reserves to pay for a second minister for three years (this plan commenced in 2017 and ended in 2020). 

> RiskThe TrusteesManagement have made an assessment of the major risks facing the Church, and are satisfied that there are policies in place to minimise these risks. Plans for the future The Cross Street Centre Café continues to provide a valuable service to the local community and to this end, an in depth review of its operation was undertaken in 2019. The café is now returning to pre covid turnover levels. 

Structure, governance and management The Charity's governing document is the Constitution of the Baptist Union of Great Britain which was adopted by the Charity on 19th January 2006. Members of the Church are accepted in accordance with the Constitution, which requires them to be or to have been publicly baptised on the profession of faith in Jesus Christ, or following other modes of baptism to renew their public profession of faith in Jesus Christ. The members' Meeting normally takes place six times per year and has responsibility for the overall policy of the Church. In accordance with the Constitution, the members appoint Trustees, who, together with the Ministers, are collectively known as the Diaconate. The diaconate is responsible for the day to day running of the Church's work and witness, and the financial and legal aspects of the charity. All Church members are encouraged to take an appropriate part in the spiritual and practical tasks involved in the furtherance of the charitable objective. Relevant matters may be submitted to the Church meeting by the Trustees for guidance, or may be raised by members in Church meeting for further consideration by the Trustees. Though the Constitution permits decisions to be made at Church meetings by appropriate majorities, the Church seeks to work by consensus wherever possible. 


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ThanksThe trusteesto volunteers would particularly like to thank the large number of its membership working as volunteers in all aspects of the<br>Church's activities, many of which run with little or no impact on the Church's expenditure, but nevertheless contribute<br>substantially to the achievement of the Church's objectives.<br>(LU ~*~\Vea.2 \<br>Chris Penn Secretary<br>\S November 2022<br>**----- End of picture text -----**<br>


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Dagnall Street Baptist Church 

## Reference and Administration 

## Registered Name: DAGNALL STREET BAPTIST CHURCH ST ALBANS 

Charity No. 1127791 

Church Address: 1 Cross Street St Albans Hertfordshire AL3 5EE 

## Trustees: 

Simon Carver (Minister) Chris Penn (Secretary) 

Trevor Oakley (Finance Deacon) Alison Ashmore Shannon Beadle (resigned 31st December 2021) Velma Eyre (resigned 21 April 2022) 

Paula Iddiols 

Janis Morse (Safeguarding Trustee) Diane Saunders 

Danny Smith (resigned 14th June 2021) 

Bankers NatWest 

10 St Peters Street St Albans Hertfordshire AL1 3LY 

Independent Examiner Martin Hannah 

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Independent examiner's report to the trustees of Dagnall Street Baptist Church St Albans<br>| report to the trustees on the accounts of the Charity for the year ended 31 December 2021, which are set out on pages 6<br>to 13.<br>**----- End of picture text -----**<br>



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The accounts have been prepared in accordance with the Charities (Accounts and Reports) Regulations 2008 and<br>Accounting and Reporting by Charities SORP2015 applicable to charities preparing their accounts in accordance with the<br>Financial Reporting Standard FRS102 published in September 2015<br>Responsibilities and basis of report<br>The charity's trustees are responsible for the preparation of the accounts in accordance with the requirements of the<br>Charities Act 2011 (the Act). The charity's trustees consider that an audit is not required for this year under section<br>144(2) of the Act and that an independent examination is needed<br>| report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying<br>GULP SABERbave fpliowed all the applicable Directions given by the Charity Commission under section 145 (5)(b) of<br>**----- End of picture text -----**<br>



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Independent examiner's statement<br>| have completed my examination. | confirm that no material matters have come to my attention in connection with the<br>examination which gives me cause to believe that, in any material respect<br>+ the accounting records were not kept in accordance with section 130 of the Charities 2011 Act; or<br>+ the accounts did not accord with the accounting records; or<br>+ the accounts did not comply with the applicable requirements concerning the form and content of accounts<br>set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the<br>accounts give a ‘true and fair’ view which is not a matter considered to be part of an independent<br>examination.<br>I have no concerns and have come across no other matters in connection with the examination to which _ attention<br>should be drawn in this report in order to enable a proper understanding of the accounts to be reached.<br>Signed: ‘\ a sien Date: November 2022<br>Name: Martin Hannah<br>Relevant professional qualification or body:<br>Member of Association of Chartered Certified Accountants of England and Wales<br>Address: 8 Damson Way, St Albans, AL4 9XU<br>Oo<br>9<br>1State: t of Financi iviti |<br>1<br>'<br>**----- End of picture text -----**<br>




Dagnall Street Baptist Church 

## 2024 Stat t of Fi ial Activiti 


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||||||||||
|---|---|---|---|---|---|---|---|---|
|Notes|Unrestricted|Restricted|Total|Total|
|funds|&|Endowment|funds|funds|
|funds|2021|2020|
|Incoming and|Endowments|from:|Ae|£|£|£|
|Offertory|and|hire|income|2|114,319|2,539|116,858|117,546|
|Charitable|activities|1,856|1,856|4,793|
|Investments|615|615|494|
|28,615|28,615|19,056|
|Total|145,405|2,539|147,944|141,889|
|Expenditure|on:|
|Charitable|activities|3-6|128,277|1,851|130,128|182,386|
|Other|12|15,131|15,131|15,483|
|Total|143,408|1,851|145,259|197,869|
|Net (expenditure)/income|1,997|688|2,685|(55,980)|
|Transfer|between|funds|8|.|S|?|-|
|Net movement|in|funds|1,997|688|2,685|(55,980)|
|Reconciliation|of funds|
|Total funds|brought forward|688,403|2,925,265|3,613,668|3,669,648|
|Total funds|carried|forward|690,400|2,925,953|3,616,353|3,613,668|

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Dagnall Street Baptist Church 

## Statement of financial position 

|Statement of financialfinancial position||||
|---|---|---|---|
||Notes|2021|2020|
|Fixed assets:||||
|Tangible assets|7|3,384,923|3,384,923|
|Current assets:||||
|DebtorsandPrepayments||10,500|14,349|
|COIFCharities Deposit Fund||54,874|54,874|
|Baptist Union||61,384|50,813|
|ScottishWidowsAccount||63,842|63,810|
|Cash atBankandCash inhand||62,277|57,366|
|Totalcurrentassets||242,877|241,213|
|Current liabilities||||
|Creditors andAccruals||11,447|12,468|
|Net currentassets||231,430|228,745|
|Total NetAssets||3,616,363|3,613,668|
|Funds:||||
|Endowmentfunds|9|2,924,561|2,924,561|
|Restricted funds|9|1,392|704|
|Unrestricted funds||||
|General||150,946|148,725|
|Designated|8|539,454|§39,678|
|Total Unrestricted||690,400|688,403|
|TotalCharitableFunds||3,613,363|3,613,668|



The financial statements on page 6 to 13 were approved by the Trustees and signed on its behalf by: 

x) 

Chris Penn 

|S November 2022 

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Dagnall Street Baptist Church 

## Notes to the Accounts 

## Note 1 - Accounting Policies 

## Year ended 31 December2021 

- Basis of preparation The financial statements have been prepared in accordance with the Accounting Regulations set out under the Charities Act 2011 and with the Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard FRS102 and the UK Generally Accepted Accounting Principles (GMP) as they apply from 1 January 2015. 

- Going Concem The Church meets its day to day working capital requirements through its cash facilities. Projections are prepared that take into account possible changes in income and expenditure. Having assessed the principal risks, the Trustees consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements. 

- Donations Donations are accounted for gross when received. 

- Legacies Legacies are accounted for when 'there is legal entitlement; they are measurable and their receipt is 

- probable. 

- Investment Income Investment income is included in the accounts in the year in which it is received. 

- Fund raising and publicity costs The Church does not make formal appeals for funds, and expenditure on these items is therefore not material. 

- Grants payable The Church makes grants to other organizations whose charitable objects complement its work. They are accounted for in the year in which they are paid. 

|Grants payablepayable<br>The Church makes grants to other organizations whose charitable objects complement its work. They are<br>accounted for in the year in which they are paid.|Grants payablepayable<br>The Church makes grants to other organizations whose charitable objects complement its work. They are<br>accounted for in the year in which they are paid.|
|---|---|
|Governance costs<br>This represents direct expenditure on the governance of the Church. Volunteers carry out most of the<br>management without charge. This intangible cost is not included in the Statement of Financial Activities<br>since there is nomeasurable costtothe volunteers fortheir service.||
|FixedAssets<br>The Church premises, the manse and 37 and 39 Spencer Street are included in the balance sheet at<br>historic insurance value when first capitalized in 2006, because reliable cost information is not available,<br>and valuation would incur significant costs which would be onerous compared with the additional benefit||
|gained by the user ofthe accounts.||
|Depreciation<br>Depreciation has notbeen charged ontheChurch orotherpremises, because in theopinion ofthe<br>Trustees, the buildings are maintained toa good standard.||
|Note 2 - Special Collections including tax refund<br>2021<br>2020||
||£<br>£|
|Christian Aid|688<br>90|
|DEC Appeal|-<br>e|
|GiftDay<br>Birthday fund|1,252<br>2,212<br>599<br>420|
|Total|2,539<br>2,722|
|Note 3 Ministry|2021<br>2020|
|General<br>General||
|Minister<br>Admin costs ofMinistry|48,808<br>49,255<br>4,473<br>26,208|
|Musicand Books forMinistry|1.442<br>—__844|
|Total|54,724<br>76.307|



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Dagnall Street Baptist Church 

Note 4 - Mission Spending and Special Collections Paid Over 

|||Special|
|---|---|---|
||Mission Budget|Collections|
|Overseas Mission|£|£|
|BMS World Mission|6,000|5 99|
|BMS ReliefAppeal|||
|Christian Aid|||
|Release International|||
|TWAM|||
|ManipurCharitable Trust|300||
|Gifts for<br>J Cook & Vokhuls|300||
|DEC Appeal|200||
|Total Overseas Mission|6,800|599|
|National Mission|||
|Home Mission|7,000||
|Knit for Peace|300||
|Bible Society|300||
|Projects -CBA|200||
|Total National Mission|7,800||
|Local Mission|||
|STEP|300||
|Op Agri||1,252|
|Open Door|300||
|Regional Baptist College|700||
|Herts Refugees|500||
|Messy Church|100||
|Regional Ministers Fund -CBA|200||
|Fund for the Future|300||
|Total Local Mission|2,400|1,252|
||17,000|1,851|



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Dagnall Street Baptist Church 

## Note 5 — Property Costs 

||2021||2020|
|---|---|---|---|
||General||General|
||E||£|
|Insurance|6,183||5,431|
|Utilities|8,753||10,706|
|Caretakerand cleaning|19,344||22,492|
|Maintenanceand repairs|11.659||32 586|
|Total|45,939||71,215|
|Note 6 - Expenditure on Charitable Activities||||
||2021|2020||
||£|£||
|Mission Spending|17,000|19,130||
|Ministry Costs|54,724|76,307||
|Property Costs|45,939|71,215||
|Admin Costs|10,250|11,196||
|Designated Funds|365|778||
|Total|128,278|178,626||



Note 6 - Expenditure on Charitable Activities 

## Staff Costs and Trustee Expenses — included within above 

The staff costs (excluding CSC) were as follows: 

||2021|2020|
|---|---|---|
||£|£|
|Salaries|58,617|74,727|
|Social security Costs|4,878|6,245|
|Pension costs|9,752|12,010|
|Total|73,247|92,982|



The average number of employees in the year was 4 (2020: 5) 

No employee received emoluments in excess of £60,000 in the year (2020 none). The Minister was the only Trustee to receive money for expenses: £6,251 (2020: £6,168) 

The Church previously paid pension contributions for its Ministers to the Baptist Ministers Pension Trust Limited, which wasa final salary defined benefit scheme until 31st December 2011, which was not contracted out of the State second pension. The scheme is a multi-employer scheme and it is not possible to identify the assets and liabilities of the scheme, which are attributable to the Church. In accordance with FRS17 therefore, the scheme has been accounted for as a defined contribution scheme (see Note 11). Since 1st January 2012, pension provision has been made through a defined contribution scheme. 

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Dagnall Street Baptist Church 

## Note 7 - Tangible Fixed Assets 


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Church 37 and 39<br>including Cross Spencer<br>Street Centre The Manse Street Total<br>Cost or Valuation £ £ £ £<br>1st January 2021 2,924,562 248 684 211,677 3,384,923<br>Additions<br>Disposals<br>31st December 2021 2,924,562 248,684 211,677 3,384,923<br>Depreciation<br>1st January 2021<br>Charge for the year<br>31st December 2021<br>Net Book Value<br>31st December 2021 2,924,562 248,684 211,677 3,384,923<br>31st December 2020 2,924,562 248,684 211,677 3,384,923<br>the first time in 2006 we we included our buildings buildings on the Balance Sheet as as Fixed Assets. We included<br>value as at 01.01.2006 01.01.2006 and then capitalised the building work, which took place during 2006. This<br>performed on the Manse Manse and 37 and 39 Spencer Street.<br>8 - Designated Funds<br>Transfers<br>01.01.2021 Incoming Outgoing In(Out) 31.12.2021<br>Manse, 37&39 SS 460,361 460,361<br>Special Reserve 60,000 60,000<br>Equipment Reserve 14,401 14,401<br>Toddlers 3,890 141 (365) 3,666<br>Others 1026 1,026<br>Total 539,678 141 (365) - 539,454<br>**----- End of picture text -----**<br>


For the first time in 2006 we we included our buildings buildings on the Balance Sheet as as Fixed Assets. We included them at insured value as at 01.01.2006 01.01.2006 and then capitalised the building work, which took place during 2006. This work was performed on the Manse Manse and 37 and 39 Spencer Street. 

Note 8 - Designated Funds 

Manse, 37 and 39 Spencer Street This fund represents the Manse and 37 and 39 Spencer Street. 

## Special Reserve 

This represents funds that are not immediately needed for the current activities of the Church. It is held in the event of an unknown expense for ministry, mission or property. The balance held at the year-end is based on the estimated cost of covering circa four months expenses in the event of a loss of funding (£60,000). Additional funds are held in general reserve. 

## Equipment Reserve 

This represents money paid to the Church from Cross Street Centre Limited for the hire of all the kitchen equipment. This money is kept separate to finance the next purchases of equipment. 

Toddlers 

This represents income and costs for the DSBC Toddler Group. A weekly amount is collected and pays to run the group. 

Others 

This comprises the Flower Fund. 

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Dagnall Street Baptist Church 

|Dagnall Street Baptist ChurchChurch|||||
|---|---|---|---|---|
|Note9 -Restrictedand EndowmentFunds<br>01.01.2021<br>Restricted<br>£<br>Daycare<br>614<br>SpecialCollections<br>90<br>Endowment<br>Church premises<br>2,924,561<br>Total<br>2,925,265|Incoming<br>£<br>2,539<br>2,539|Outgoing<br>&<br>(1,851)<br>(1,851)|Transfers<br>In/(out)<br>£<br>*|31.12.2021<br>£<br>614<br>778<br>2,924,561<br>2,925,953|
|Note 10 -Analysis ofNet Assets|||||
||Net Current||||
|FixedAssets<br>£<br>GeneralFunds<br>Designated Funds<br>460,361<br>Restricted Funds<br>Endowment<br>2,924,561<br>Total<br>3,384,922|Assets and<br>Investments<br>£<br>150,946<br>79,093<br>1,392<br>231,431|Total<br>=<br>150,946<br>539,454<br>1,392<br>2,924,561<br>3,616,353|||



Note 11 — Pensions The Church is an employer participating in a pension scheme known as the Baptist Pension Scheme (‘the Scheme”). The Scheme is a separate legal entity, which is administered by the Pension Trustee (Baptist Pension Trust Limited). The Minister(s) and Associate Minister are eligible to join the Scheme. 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. In addition, the employer pays a further 4% of Pensionable Income (or 3% if the employer is in the segregated DC section) to cover Death in Service Benefits, administration costs, and an associated insurance policy which provides income protection for Scheme members in the event that 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. Members of the Basic Section pay reduced contributions of 5% of Pensionable Income, and their employers also pay a total of 5%. Benefits in respect of service prior to 4 January 2012 are provided through the Defined Benefit (DB) Plan within the Scheme. The main benefits for pre-2012 service were a defined benefit 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. 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. 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%). As a result of the valuation, in addition to the contributions to the DC Plan set out above, it was agreed that the standard rate of deficiency contributions from churches and other employers involved in the DB Plan will remain at previously agreed levels, increasing each year in line with increases in the Minimum Pensionable Income. The deficiency contributions are broadly based on 42% of Pensionable Income / Minimum Pensionable Income, reflecting each employer's contributions in March 2015. Some employers that were involved in the DB Plan for a short period pay lower contributions. The Trustees and the Council agreed a 50% reduction for all deficiency contributions between 4 July 2020 and 31 December 2020. In addition, the Baptist Union of Great Britain agreed to contribute a jump sum of £0.5m by 31 December 2020, including a lump sum of £30m in 2018. The current Recovery Plan dated 30 September 2020 envisages deficiency contributions continuing until 30 June 2026. The key financial assumptions underlying the valuation were as follows: RPI price inflation assumption r320. tC price inflation assumption [270 So Minimum PensionablePensionable IncomeIncome increasesincreases (CPI|0.75%pa)plus 7 ee Page 12 




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Dagnall Street Baptist Church<br>Assumed investment returns: Ti‘<br>|——S—S—SSCSC‘“‘<‘<~i_-Presetirement iéisd<br>- Post retirement<br>[Deferredpensionincreases|——“—~“‘<27S]<br>- Pre April 2009 rs20.SCS~S~S™<br>- Post April 2009 [25000<br>**----- End of picture text -----**<br>


As there is a large number of contributing employers participating in the Scheme, the Church is unable to identify its share of the underlying assets and liabilities of the scheme. Accordingly, due to the nature of the Scheme, the profit and loss charge for the period represents the employer contributions payable. The total pension cost for the Church was 2021 £9,232 (2020 £10,702). 

The Church has been advised that the estimated cost for the church to buyout their Pension Scheme liabilities, as at 20 December 2021, was £607,000. 

The next actuarial valuation of the DB Pian within the Scheme is due as at 31 December 2022. 

## Note 12 — Related Party Transactions 

The ‘Cross Street cafe’ is wholly owned and run by the Church. The directors of Cross Street Centre Limited, a company limited by guarantee, manage the cafe. The two director shareholders are the Finance Manager, Mrs Liz Blight and the Church Secretary, Chris Penn and they hold their shares as nominees for the church. During the year Cross Street Centre Limited paid the Church for use of premises £Nil (2020 £nil) and the trading loss which it covenants to the Church. In 2021 this trading loss is confirmed to be £916 (2020 Loss £1 411). 

in addition Cross Street Centre Limited reimbursed the following costs incurred on its behalf by the Church; wages £15,131 (2020 £15,483). 

There are no other related party transactions. 

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