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 advan￿rnent 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 acc￿dance 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
G￿eral 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 (ex￿ndItUre)
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 fO￿ard 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 DeS￿nated
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 contribut￿S 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 a8￿ts
Church
and halls
PAaftse:
1 L5nks
Av•nu•
anse:
254
Hlllcross
Avonue
Gardon
d•vglopment
Total
C￿1
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
￿0￿Ment 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 F￿ed 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 G￿at 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