MORDEN BAPTIST CHURCH TRUSTEES, REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2024 Jacob Cavenagh & Skeet Chartered Accountants 5 Robln Hood Lane Sutton SM12SW
MORDEN BAPTIST CHURCH LEGAL AND ADMINISTRATIVE INFORMATK)N Registered Address Crown Lane Morden Surrey SM4 5BL Charlty Reglstratlon Number 1129817 Trustees Mrs E Bradshaw (Chair) Rev E Youngman (Resigned 31 December 2023) Mr D Moass Ms D Willetts Mr J Flambert Mr A Newton Mrs R NevAon Mrs l Tchilingirian Mr C Newman Mrs H Rouse Mr G WorncH) (Appointed 91h June 2024) Property Trustees The London Baptist Property Board 235 Shaftesbury Avenue London WC2H 8EP Bankers HSBC 5 Wimbledon Hill Rd Wimbledon London SW19 7NF Independont Examlner M R Hickson, FCA CTA Jacob Cavenagh & Skeet 5 Robin Hood Lane Sutton SM12SW
Morden Baptist Church Trustees Report for the year ended 5 April 2024 The trustees present their Annual Report and Financial Statements for the year ending 5 April 2024. Charltable Objects The charity is govemed by an Approved Goveming Document, which states that the principal purpose of the Church is the advanrnent of the Christian faith according to the principles of the Baptist denomination. The Church may also advance community work, education and carry out other charitsble purposes in the United Kingdom or other parts of the world. Organlsational Structurn and Daclsion making process The church is run day to day by the small team who are employed by the charity. There is a Leadership Board with a chairperson that are responsible for the charity (as trustees). the govemance of Ihe Church and the fulfilment of the purpose through its activities and the strategic direction of the Church. The Leadership Board meets at least 6 times per year for worship, prayer and support and consideration of leadership, govemance and pastoral issues. The Chair and Pastor{s) also meet monthly. Ordained ministers who are appoinled to undertake a permanent ministerial role in the Church become Trustees by virtue of their role and responsibilities. Other Trustees are appointed by a dear and open process through the Church Members, Meeting. Any person qualified to be a member of the Church shall be eligible for election as a Trustee provided that at least one half of the Trustees shall have been baptised by totsl immersion in water. Trustees shall serve so long as they have the support of the Church Members, Meeting and (except for those in minislerial office) shall be actively reappointed at least once every five years. All new Trustees are given inforniation relating to the responsibilities of trustees and the w(Mk of the charity. Further training is provided as appropriate. Church membership is open to those who have completed a membership class, signed a membershlp covenant, accept the beliefs of the Church, commit themselves to serving Christ within the Church and beyond, abide by the decisions of the Church Members, Meeting and acknowledge their responsibilities as Church Members. As a Church of Baptist foundation we encourage members to be baptised by total immersion but such baptism is not regarded as conditional to membership. Church Members. meetings have responsibilty for the overall policy of the Church. All members are encouraged to tske an appropriate part in the spiritual and practical tasks involved in the furtherance of the charitable objectives. Though the Constitution permits decisions to be made at Church Members, Meetings by appropriate majorities, the Church seeks to work by consensus wherever possible. The Church has a staff team to execute certain aspects of its ministry. The staff team who served during the year are as follows: Jonathan Logan - Youth and Families Worker Brian Stanger- Facilities Assistant Rev Elaine Youngman - Minister Terri Palmer- Administrator
Morden Baptist Church Trustees Report for the year ended 5 April 2024 Objectlves. actfvltles. achlevements and performance In order to achieve the Charitable Object. the Church provides a variety of activities both to its membership and to the cx)mmunity 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. The Church ministers to a wide spectrum of ages and this is reflected in a varied programme of activities and events including work with children and families and a long established work with senior citizens. The Church has a missional focus and as such looks for opportunity to serve the local community in a variety of ways in order to meet people's spirilual, emotional and practical needs. A wide range of activities and initiatives have taken place during the year. A Sunday moming service each week, induding activities for children and young people Partnership (formerly known as membership) courses Distributlon centre for Wimbledon Food Bank Partnership with Community Fridge offering a sustainable use for food waste and a supply of fresh food to address local food poverty Open house free café for people to access support and community Life groups that enable people to meet together to grow in their faith, socialise and be supported Short courses on various topics that help people grow in their faith Pastoral care team to support people during difficult times Community groups including Inspire Community Choir, Garden Cafe and Reflect -craft group Leisure day activity day with lunch for elderly people addressing loneliness Provide a garden for use by the local community Prayer room available for individual and group prayer Youth and family work Safeguarding training Childrenl Families Holiday Clubs. for the local community providing games, craft and activities in Summer. Half term and Easter school holidays. The Church operates a system to ensure that all people worklng with children are approprlately vetted with regard to DBS checks. The trustees are aware of the Charity Commission guidance on public ben8fft. and are satisfied that the charity is providing a benefit to the public. Flnanclal Revlew The Church continues to raise the majority of the funds which it needs from within its own membership and congregation. The Church is committed to making donations to other charitsble organisations and causes. and seeks to give away between 10% and 200/0 of its income to such causes. The Church is heavily dependent on its members working as volunteers in all aspects of Ihe Church's activities, many which run with little or no impact on the Church's expenditure, but nevertheless contribute substantially to the achievement of the Church's objectives. Income for the year was £194,861 (2023 . £220.589) and expenditure for the year was £202,067 {2023: £158.830), resulting in a deficit of £7,206 (2023 . Surplus £61,759). The Trustees are satisfied that the Church is a going concem.
Morden Baptist Church Trustees Report for the year ended 5 April 2024 Trustees, responsiblllties In relation to the financlal statements The Trustees are responsible for preparing the Truslees. Report and the Financial Statements in accordan with the applicable law and United Kingdom Accounting Standards. The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the stste of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:_ Select suitable accounting policies and then apply them consistently Observe the methods and principles of the Charities SORP Make judgements and estimates that are reasonable and prudent State whether applicable accounting standards have been followed, subject to any departures disclosed and explained in the financial statements Prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will conlinue in business. The trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Acl 1993, the Charity (Accounts and Reports) Regulations 2CK)8 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Reserves Pollcy It is the policy of the Churth that unrestricted funds which have not been designated for a speafic use should be maintained at a level equivalent to between three and six monlh's expenditure. The trustees consider that reserves at this level will ensure that, in the event of a signrficant drop in funding, they will be able to continue the Church's current activities while consideration is given lo ways in which additional funds may be raised. The total reserves held at the end of the year were £1.524,242 (2023.. £1,531,448). Of these reserves £20,363 (2023,. £13,388) are restricted and £1,423,045 (2023: £1,409,379) are designated. Induded in the designated reserves are £1,598,000 (2023". £1.601.000) represented by tangible fixed assets less the long tenn borrowings. The general reserves are £80,834 (2023". £108,681). This is equivalent to just under 5 months of unrestricled expenditure, which now meets our reserves policy. However, the trustees continue to monitor income and expenditure to maintain this level of reserves. Signed on behalf of the Board of Trustees." Andrew Newton. Trustee Emma Bradshaw. Trustee Date: 10 October 2024 10.L+
Morden Baptist Church Independent Examinerfs Report I report to the charity trustees on my examination of the accounts of the Morden Baptist Church (the charity) for the year ended 5 April 2024. Responsibilitles and basls of report As the charity's trustee3 you are responsible for the preparation of the accounts in accdance with the requirements of the Charities Act 2011 (Ihe Act,). I report in respect of my examination of the charty's accounts as 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 Commlssion under section 145(5)(b) of the Act. Independent examlnorfs statement I have completed my examination. I confinn that no material matters have come to my attention in connection with the examinats.on giving me cause to believe that in any material respect: accounting records were not kept in respect of the charity as required by section 130 of the Act; or the accounts do not accord with those records; Ihe accounts do not comply with the applicable requirements conceming the form and content of accounts set out in the Charities (Accounts and Report) Regulations 2008 other than any requirement Ihat the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination. the accounts have not been prepared in accordance with the metlK)ds and principles of Accounting and Reporting for Charities . Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102). I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the accounts to be reached. Miriam Hickson CTA FCA Jacob Cavenagh & Skeet 5 Robin Hood Lane Sutton Surrey SM12SW Date: ILL ZQZ*
Morden Baptist Church Statement of Financial Activities FOR THE YEAR ENDED S APRIL 2024 Unrestricled funds General Deslgnated Restrlcted funds Total Funds 2024 Total Funds 2023 Income Donalions and legacies Regular Giving Tax refunds Restrfcted giving Other gilts and donations Other Income Other trading activities U88 of premises Interest received 80.359 19.576 80.359 19.576 12,636 4.996 234 95.634 23,510 2,166 4,275 233 12.636 4,996 234 76.247 813 76,247 813 94.567 204 Total Incom• 182.225 12.636 194,861 220,589 Expendlture Charitable activities Direct costs Reduction in pension liability Prnmises and Support Costs 120.609 2,474 123.083 118.314 {23,620) 64,136 10 75,797 3,187 78.984 Totsl expondlluro 196.406 5,661 202.067 158,830 Not Incorno l (exp•ndltur•) (14,181) 6.975 (7,206) 61.759 Transfers between funds (13.666) 13,666 N•1 movomont In funds (27,847) 13,666 6,975 {7,206) 61,759 Reconclllatlon of funds Funds brought forward at 5 April 2023 108,681 1,409.379 13.388 1.531,448 1,469,689 Funds carri•d fonvard at 5 April 2024 80,834 1.423,045 20,363 1,524.242 1.531,448 The notes on pages 10 to 17 fomi part of the financial ststements
Morden Baptist Church Statement of Financial Activities FOR THE YEAR ENDED 5 April 2023 Unrestricted funds Restn"etsd Geral Designatod funds Total Funds 2023 Total Funds 2022 Note Incom Donations and legacies Regular GNing Tax refunds Restiicted giving Othergifts and donaiions Other Income Other trading activities Use of premises Interest received 95,634 23,510 95.634 23,510 2.166 4.275 233 126,302 32,039 16.482 2.135 612 2.166 4.275 233 94,567 204 94,567 204 64,512 22 Total Incom• 218,423 2.166 220,589 242.104 Expendlturn Charitable activities Direct costs Reduction in pension liabilty Premises and Support Costs 116.972 (23,620) 64,136 1.342 118,314 (23,620) 64,136 97.419 (966) 56,864 10 Total expendlturo 157.488 1,342 158,830 153.317 N•t Incomo 1 (exndItUre) 60,935 824 61,759 88,787 Transfers between funds 4,157 Net movement In funds 56,778 4,157 824 61.759 88,787 Reconclllatlon of funds Funds broughl fOard at 5 April 2022 51.903 1,405.222 12.564 1,469.689 1,380.902 Funds caThled forward at 5 Aprll 2023 108.681 1,409.379 13.388 1,531,448 1.469.689 The notes on pages 10 to 17 forni part of the financial statements
Morden Baptist Church Balance Sheet AS AT 5 Aprll 2024 2024 2023 Not• FIXED ASSETS Tangible fixed assets 1,598.000 1.601.000 CURRENT ASSErs Debtors Cash at bank LBPB Deposit 9.741 98,673 16.337 30.740 99,279 15,525 124.751 145,544 CREDrfoRS Amounts failing due within one year (23.554) (23,475) NEf CURRENT ASSETS 101.197 122,069 TOTAL ASSETS LESS CURRENT LIABILITIES 1.699,197 1.723,069 PROVISIONS 10 CREDrroRS: AMOUNTS FALLING DUE AFfER ONE YEAR LBPB loans 191621 NEf ASSETS 1.524,242 1.531.448 FUNDS Unrestricted Unrestricted DeSnated Restricted 80,834 1,423.045 20,363 108,681 1,409.379 TOTAL CHARITY FUNDS 1,524,242 1,531,448 The financlal ststements were approved by the Trustees on 10 October 2024 and 3lgned on their behalf by Andrew Newton. Trustee Emma Bradshaw. Trustee The notes on pages 10 to 17 form part of the financial ststements
Morden Baptist Church Notes to the Financial Statements l Accounting policies a) Basis of prnparation The financial statements have been prepared in acwrdarKe with the Charities Slatement of Recommended Practice (Charities SORP {FRS 102)). Financial Reporting Standard FRS 102, and the Charities Act 2011. The financial statements are drawn up on the historical cost basis of accounting and presented in wund8 sterling rounded to the nearest pound. The church meets the definrtion of a public benefit entity under FRS 102 and is an unincorporated charitable trust with registered addfess of Crown Lane. Morden. Surrey SM4 5BL. There are no material uncertainties regarding the church's ability to conlinue in operation. b) Income All income is included in the Stslement of Financial Aclivities when the charity is entitled to }( it is Probable Ihat the income will be received and the amount of income receNable can be reliably measured. The following specFfic policies are applied lo particular categories of income: Donations are accounled for gn)ss when received. Regular donations are Ihos& received as standing order or through the envelope scheme Other donations are mainly those receNed through Ihe weekly offering cl Expendlturn Exp8nditure is recognis8d once there is a legal or constructive obligation to make 8 payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliabty. Expenditure is indusive of any VAT which cannot be recovered. d) Dobtors. credltors and provisions Deblors are included at the settlement amount due. Creditors are recognised where the charity has a present obligation arising from a past event thal will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimaled reliably. Creditors and provisions are recognised at thetr 8etUement amount. •) Cash at bank and In hand Cash at bank and In hand Includes cash and short temi hlghly liquld Investments wlth a short maturty of three months or less from the date of opening the deposil. fj Financlal Instruments The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are inltially recognised at transaction value and subsequently measured at their $8tt1ement value. g) Fund accounting Funds held by the charity are either. Unrestricted general funds - these can be used in accordance wilh the charhable objects at the discrelion of the Trustees, or Restricted funds - these can only be used for particular restricted puwes wrthin the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for a particular restricted purpose. h) Tangible fixed assets Fixed assets are shown at cosL The trustees conslder that the residual value of the properties Is sufflcienty high to render depreciation immaterial. Depreciation on the garden development is charged at 20Yo of the cost per year. on a straight line basis. l) Penslons The church makes contributions towards the deficit on the Baptist Pension Scheme under the deficit reduction plan. A provision has been made for the total contributS due. This is detsiled in note 10. 10
Morden Baptist Church Notes to the Financial Statements (continued) 2 Other Income Unrestricted Deslgnated Restrlcl funds funds funds Total 2024 Total 2023 Other Income 234 234 233 234 234 233 Dlr•ct costs Unr06trlct•d Doslgnatod R•strlctod funds funds funds Total 2024 Total 2023 Discipleship Ministry expenses Worship Fellowship and ministry Missions and ministries 1.304 86,403 674 7,095 25,133 92 244 1.396 86,647 674 9,233 25,133 819 90,476 1,540 5,487 19,992 2,138 Tolal direct costs 120.609 2.474 123.083 118,314 3.1 Staff costs Total 2024 Total 2023 Salaries and social security Pension costs 76,270 76,582 8.603 84,714 85.185 2024 2023 Number of empk)yees 2024 2023 Key Management Personnel remuneration induding social secufity and pension costs Induded within salaries above are termination payments of £nil (2023: £nil). These are recognised when legal agreement is reached. There were no employees whose emoluments exceeded £60.000 (2023: none). 11
Morden Baptist Church Notes to the Financial Statements (continued) Promls•s and support costs Unrestrlct•d Deslgnated Restrlctad funds Funds funds Total 2024 Total 2023 Bank charges Church and manse insurance Church repairs and maintenance Church utililies Cleaning Accounts preparation fees Independent Examination fees IT - computers and hardware IT - support, backup and software Manse repairs and maintenance Manse uth'lities Office equipment Printing. ststionery and equipment Professional services Telephon8s. including manse Depreclation 150 3.558 24,981 14.158 4,716 1.440 2.356 733 1,496 7,733 2,558 11 1.848 4,107 2,952 150 3.558 28,168 14.158 4.716 1,440 2.356 733 1.496 7,733 2.558 11 129 3.642 17.523 12,187 4,818 1.320 2.079 1,458 1.338 5,570 2.636 118 4.227 897 3,194 3,000 3,187 4,107 2.952 3,000 Tolal premises and support costs 75,797 3.187 78,984 64.136 5 Tanglble flxed a8ts Church and halls PAaftse: 1 L5nks Av•nu• anse: 254 Hlllcross Avonue Gardon d•vglopment Total C1 At 6 April 2023 Addrtions At 5 Aprll 2024 500.000 585,000 505.000 15,000 1,605.000 500,000 585.000 505,000 15,000 1.605.000 Depreclatlon At 6 April 2023 Charge ft)r the year At 5 Jwril 2024 4,000 3.000 7.000 4.000 7,000 Net Book Value at 5 April 2024 Net Book Value at 5 Aprll 2023 500.000 585,1)00 585,000 505,000 505,000 8,000 11,000 1,598.000 1,601,000 The church and halls are shown al a site valuation only, because of their specialist nature and this is now treated as deemed cost since transition to FRS 102. Assets. such as computers and AV equipment are fully expended in the year of purchase when not material. A separate register of assets is maintained for insurance purposes. 12
Morden Baptist Church Notes to the Financial Statements (continued) Debtors 2024 2023 Tax recoverable Pfepayments and accrued Income 6.528 3,213 8,104 22.636 9.741 7 Crodltors: liabllltles falllng due wlthln one y•ar 2024 2023 LBPB Loan Accfuals and deferred income 16,667 6,887 16.667 6,808 23,554 23.475 Cr•dftors: Ilabllltlos falllng duo after one y•ar 2024 2023 L8PB Loan . repayment due withln . 1 to 2 years 2 to 5 years More than 5 years 16.667 50.000 108,288 16.667 50,000 124.954 174 955 191.621 In 2021 8 £250.000 zero percenl interest loan was taken oth from the London Baptist Property Board {'LBPB"), repayable over 15 years. The loan was taken out to purchase the manse at 254 Hillcross Avenue. with the remainlng consideration for the purchase being met from cash and cash equivalenls. 13
Morden Baptist Church Notes to the Financial Statements (continued) Movements In restrfcled fvnds and analysis of net assets betw•en funds Movomonts In restrlcted funds 2024 Balance at 6 April 2023 Movement In resources Balance at Income Expendltureiffr S Aprll 2024 Education Fund Mission Targeted Stair Lift Ivy Huxter Memorial Bible Leisure Day- Minibus Fund Leisure Day Youth Residentials Grace Room Blinds Bequest (Lighting repair) Spurgeon's College Garden project Church kitchen equipment 746 1.307 111 2,182 1.507 2.779 1.538 81 2,000 247 236 1,307 111 2,182 1.263 2,779 {244) 600 (2,138) (81) (2,000) {92) (1,106) 1,584 13,388 12.636 (5,661) 20,363 Movements In restrlctod funds 2023 Balan at 6 Aprll 2022 0Ment In resources Balance at Incomo Expendltur•iffr S Aprfl 2023 Education Fund Mission Targeted Stair Lift Ivy Huxter Memorial Bible Leisure Day - Minibus Fund Leisure Day Youlh Residentials Grace Room Blinds Bequest (purpose to be agreed) Spurgeon's College Garden project Church Kitchen Equipmenl 746 1,307 111 2,182 1,507 2,779 1,538 81 1.307 111 2,182 1.507 2.845 1,538 81 (66) 247 247 890 2.166 (1,276) 12.564 2.166 (1,342) 13.388 14
Morden Baptist Church Notes to the Financial Statements (continued) Movements In rnstrlcted funds and anatysis of net ass•ts botw•en funds (contlnued) Purpose of Funds Education Fund Stsir Lift Ivy Huxter Memorial Bible Leisure Day- Minibus Fund Leisure Day Grace Room Blinds Yothh Residential Spurgeon's College Garden pyojecl Church kitchen equipment Donations given to support the development of people often through mi&sion Fund started by Children to enable accass by Stsir lift to the church upper floors A bequest to provi(le a Bible to each couple who marry in the church A fund to provide a minibus for the Leisure Day Club A fund to provide activities for Leisure Day Club A fund to provide blinds for the Grace Room A fund to enable young people attend events. A fund to donate lo Spurgeon's Col A fund created for the development of the Garden. A donation givan to fund the purchas8 of church kitchon equipmenL Analys18 of nol ass•ts b•two•n funds 2024 Unrestrlct fund? D•slgnated funds Restrfcted funds Total 2024 Fund Balancos aro ropresentsd by Tangible Fed Assets Net current assets Provisions Long lerm liabilities 1,598.000 1,598,000 101,197 80.834 20.363 (174.955) (174.955) Fund Values 80.834 1.423.045 20.363 1,524,242 Analys18 of net a8S•t• betwoen funds 2023 Unrestrict•d funds Deslgnatod funds Rgstrlct•d funds Total 2023 Fund Balances are roprnsented by Tangible Fixed Assets Nel current assets Provisions Long term liabilities 1,601,000 1,601,000 122,069 108,681 13,388 (191,621) {191,621) Fund Values 108 681 1.409.379 13.388 1.531.448 15
Morden Baptist Church Notes to the Financial Statements (continued) 10 Panslon The Church is a participating employer the Baptist Pension Scheme ("the Scheme"), which is a separate legal entity administered by the Pension Trustee (Baplist 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 Baptisl Ministers. Pension Fund, started in 1925. bui was dosed to future accrual of defined benefits on 31 December 2011. Prior to this date the rnain benefit provided through the Defined Benefit (DB) Plan was a pension of one eighlieth of final minimum pensionable income for each year of pensionable service together with addilional 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 Conlribution (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 operaled and managed on behalf of the Pension Trustee by Broadstone Corporate Berkqfits Ltd. In addilion, 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-temi incapaaty. This income proteth'on policy has been insured by the Baptist Union of Gat Britsin with Aviva Limited. The Scherne is considered to be a multi-employer scheme as described in Section 28 of FRS 102. Because it is not possible to attfibute the Scheme's assets and liabilities to speufic employers, the schem6 is accounted for as if th8 Scheme were a defined contribution scheme. The Ministers are eligible to join the Scheme. R•covery Plan In addition to the contributions lo Ihe DC Plan set oul above, where a valuation of the DB Plan reveals a deficit the Trustee and the Council agree lo a rate of deficiency contribulions from churches and other employers involved in the D8 Plan. On 30th June 2022 the Baptist Pension Scheme signed an agreement with the insurance company Just Group ("Just") to secure DB Plan members. pension benefits. Just are now providing financial backing for all pensions provided through the Scheme's DB Plan and following this transaction, Ihe Scheme no longer has a shortfall. An updated Recovery plan was then signed in August 2022 under which recovery contributions from each participating employer in the DB Plan reduced to £1 per month from August 2022. Movoment In Balanc• Sh••t Ilablllty Section 28.11A of FRS 102 requires agreed deficit recovery payments lo be recognlsed as a liabllty. The movement in the provision is set out in the table below. 2024 2023 Liability brought forward Deficiency contributions paid in year Interest cost Remaining change to balance sheet liability ' Liabilty at year end 24.800 {1,900> 720 ' Comprises any change in agreed deficient recovery plan arKI change in assumptions between year ends. 16
Morden Baptist Church Notes to the Financial Statements (continued) 11 Related partles The trustees receive rKI remuneration for their role as trustses. During the year Elaine Youngman. was employed by the Church as a minisler. In respect of Elaine Youngman's employment as a minister 3h8 received a gross salary of £22,874 (2023 . £26,758) and employer pension contributs'ons of £5,228 (2023 . £6.620) were made. She is also provided with living accommodation, and was not reimbursed for any expenses {2023 . £1,163). Deborah Willetts was paid £3.240 (2023: Nil) during the year for website development. These payments are pemiitted by the church's goveming document. 12 LEASING COMMrrMENTS Oporating1oaso8 The totsl future mlnlmum lease payments under operallng leases at 5 Aprll 2024 were payable as set out below: 2024 2023 Within one year 406 Within two to five years Over 5 years 406 The operating lease charges for the year weffj: Hire of computer equipment 17