Report of the Trustees and
Unaudited Financial Statements for the Year Ended 315t D￿rnber 2023
for
Testwood 8aptlst Churth

Testwood Baptist Church
Contents of the Financial Statements
for the Year Ended 31st December 2023
Page
Reference and AdmInI￿ratIVe Detalls
Report of the Trustees
2 to 6
Independent Examiner's RÈp4>rt
Statement of Finanaal Actlvttles
Balance Sheet
Notès to the Financial Statements
10 to 19

Testwood Baptist Church
Reference and Administrative Details
for the Year Ended 31st December 2023
TRUSTEES
The Revd M Huckle (Senior Pastor)
Mr H Francis (Treasurer)
Mrs M Murray
Mr P Pikè
Mr C Ridout
Mr J Frowd
Mr R King
Mr A Price
Mr N Tuck
Mr M Hones
The Revd J A Shepherd IAssociate Pastor) (appointèd 1.7.231
PRINCIPALADDRESS
2833 Salisbury Road
Totton
Southampton
$040 3LZ
REGISTERED CHARITY NUMBER
1129913
INDEPENDENT EXAMINER
Sheen Sticklarhd
Chartered Accountsnts
2 Oriel Court
Omega Park
Alton
Hampshire
GU34 2YT
BANKERS
Uoyds Bank plc
30 Commercial Road
Tottorb
Southampton
PROPERTYTRUSTEES
The Baptsst Union Corporation Limited
Baptist House
129 Broadway
Didcot
Oxfordshire
OX118RT
Page I

Testwood Baptist Church
Report of the Trustees
for the Year Ended 31st December 2023
The trustee5 present their Annual Report and financial statements in respert of the year ended 31st De￿mber 2023.
OBJECTIVES AND ACTNrnES
Charitable Object
The Charity is governed by an Approved Governing Document dated 20th March 2￿8 which states that the princlpal
purpose of the charity is the advancement of the Christian faith accoiding to the princsples of the Baptist
denomination to include the advancement of education. community Servi￿ and such other general charitable
purposes in such parts of the United Kin8dom and the world as the Church shall determine.
The Church occupies premises, which are held by the Baptist Union Corporation Ltd. on Tnjsts which are entirely
compatible with the abovè object.
Pa8e 2

Testwood Baptlst Church
Report of the Trustees
for the Year Ended 315t December 2023
OBJEcfivES AND A￿1V[rIEs
Objectives and Activities
In order to achieve the principle objective which is set out above. the Churth provides a varTety of acttvities both to its
membersFtip and to the community generalty. The aim is to show the love ofJesu5 Christ in both word and deed and
to bring people Into a closer relationship with Him as living Lord.
Central to the work and wttness of the Church is the provision of regular public services of Christian worship. These
services normally take place in person each Sunday at both 9.30am and 11.15am in the morning and 7.IK)pm in the
evenrng. As well as the normal face to face services. as a legacy of Covid, we have further developed our on line
capability through the extraordinary teamwork of both staff and volunteer5. In doirbg 50 we reach not only our own
ommunity but many more beyond our kxal community.
There are also occasional seNices at other times which are advertised on the Church Notice Board. weekly Church
Newsletter and the website at www.testwoodbaptist.org. There is usualW a full children'5 programme during the
morning services. The Church seeks to be a friendly and welcominB community and everybody is free to attend any of
these services.
The Church runs a series of house groups for the growth of faith and disCip￿shiP in the home5 of some members. and
further details of these tan be obtsined from the Tnjstees on request. or at any Sunday services of worship. The
majority of the groups meet in ￿emberS homes but some continue to use Zoorn, a skill developed during Cowd. House
groups provide an excellent support function.
The Church is respon5ib5e for a Babies and Toddlers group which meets in the Church premises on Friday mornings,
with the purpose of a5S15tingthe community and demonstrating the love oflesus Christ, see TBC Friday below.
The Church hosts a very popular State Registered Pre-school which provides Prtrschool education and is available to
the whole communitv.
The Church runs various events for Young People, including Gid5 Brigade and Youth aubs. as well as groups for those
with disabilities. The Church operates systems to ensure that all people workiThg wtth children and vulnerable adults
are appropriately vetted with regard to the Disclosure and Barring Ser*ice and safeguarding legislation. See TBC
Fridays.
The Church has active links woth the local schools and colleges.
TBC Fridays launched in September 2021 has continued to go from stren8th to St￿n8th- this is a community day for all
the family. There are groups for parents and tots. kids, and youth at variou5 times throughout the day. This provide5
great opportunity for parents to come and bring children. hang out with oiher parents and enjoy a nice coffee and a
chat. Each week there are drfferent types of activities. Friday Tots run from 10am to 11.30am, Friday Kids Ifor prirn3ry
aged children) 5.30pm to 6.45pm and Friday Youth Isecondary age) 7.30pmto 9.Wpm.
TBC Fridays has been very successful arbd 4(>80 families attend Friday Tots sessions each week, and on average 100
Kids attend Friday Kids and 100 attend Friday Youth. To enhan￿ this rninistry we employed a Community Pastor and
re grateful for the support of Baptist Insurance ￿th this.
on￿ a year the Church turn5 Out in forte to run and support the local Totton Family Fun Day which is attended by
over 5,000 local inhabitants. The airn 15 to provide a free day of famity fun for everyone. an expression of God's love to
the local tommunitv.
The Church operates a food parcel facility. "basics bank-. in association with Youth and Familiès Matter, giving
emergency food parcels to those identified as in need. Referrals are often received from local agencies through
voucher scheme. Ba51C5 Bank supported 2.505 adults and children during 2023. The local community continued to
heavily support this project. as well as many organisations and supermarkets, both with food and finan￿.
Page 3

Testwood Baptlst Church
Report of the TfUStee5
for the Year Ended 31st December 2023
OBJEcllvES AND AcllviTIE5
The Church normally runs a "Worn &gain- event whereby the local community (an come and selert a Set of clothes lor
50p from the vast amount of'good but used- clothe5 that have been donated by its members arhd other members of
the public. These events are open to all the community.
Public bÈnÈfit
The trustees confinn that they have referred to the Charity Commission's guidaTh￿ on public benefit, and in particular
the specific guidance on charilies for the advancement of reliwon. when reviewiThg the aim5 and objective5 of the
Church and in planning futuie activities. The trustees believe that the many and varied activities of the Church as
detailed above provide both religious and practical care and support both lor the membership and the wider local
community.
ACHIEVEMENT AND PERFORMANCE
Achievements and Performante
The Church does not measure the success of r(S Pfogrammes only in numbers, includin8 financial numbers, but also in
le55 tarbgible areas like fellowship. encouragement and wellbeing. The Trnstees recogni5e thal these are difficult to
measure, but bèlievè that the church brings positNe outcomes to peoples INes.
During the year 22 people were ￿eNed into formal church membership and 3 people came out of membership
having moved and started worshipping nearer to their new homes. At 31st De￿mber 2023 the formal membership
stood at 303.
The Church continues to be much encouraged by its local MP. Town countillor& Heèd Teachers. and other community
leaders. who are very p051tive about the Church's impact on the communtty. espeoally the Fun Day which provides
day of family fun (including loodl, without charge and 15 therefore accessible by every member of the communitv.
Page 4

Testwood Baptist Church
Report of the Trustee5
for the Year Ended 31st December 2023
FINANCIAL REVIEW
Financial Review
The Church continues to raise fund5 which rt need5 to carry on its artivities frorn within its own membership and
Congregation. No wider public appeal wa5 made for fijnds forthe church during the year. The most significant ongoing
expenses relate to staff costs to support thè ministry of the church and maintenance of the church facilities to support
our ministry.
The Church expressed its part in the life of the wider churth by making grants to national and international
organisations and Societies with Christian aims and objectbves compatible the church's own charitsble purpose.
The Church is heavily dependent on its membership working as volunteers in all aspects ol the church's activitie5,
many of which run wÈth little or no impact on the church's expendsture. but nevertheless contribute substantially to
the achievement of the church's objectwe5.
The finantial results for the year. together with a summary of the accounting pol¢cies adopted are set out in the
accompanying financial ststÈments. The undèrlying financi31 position remained stable and healthy throughout 2023.
The church does not have any outstanding 3rnount5 due on the building and we are mindful of the ongoing need to
maintain the upkeep of our well used faciltties. The church also benefrted from the agreement which the Baptist
pension scheme signed on 30th June 2022 with insurance company Just Group I'just") to secure DB Plan members.
benefits. Just are now providing financial backing for all pen5ion5 provided though the Scheme's DB P5an and following
this transaction, the Scheme no longer has a shortfall. An updated recovery plan was then signed in August 2022
under which recovery contribution5 from each participating employer irb the DB Plan (including the church) reduced to
£1 per month from August 2022.
Reserves
The Trustees coniinue to seek to apply the Reserves policy which balance5 the ongoing commitments of the church
with the known levels of regu5ar committed giving and ensuring that the main goal remains to utilise the church
resources to meet our objectives.The Trustees continue to monitor the levd of re5eNes to ensure that thi5 objective 15
fulfilled. The Trustees consider that the current level of reserves to be appropriate in the current circumstances.
Risk Management
The Trustees have made an assessment of the major risks faang the church and are satisfied that there are policies
and procedures in place to minimise these risks.
srRUCTURE. GOVERNANCE AND MANAGEMEI
Organisational Structure and Decision Making Process
The Members of the church are accepted in accordan￿ with the Constitution. Church membership is open to all those
who have made a public profession of faith in Jesus Christ by being baptised by immersion and who accept the belief5
of the Church. Those who have not been so baptised may still be accepted for membership at the discretion of the
Church Members Meeting based on their public PrOfe￿On of faith. All applications for membership are subject to
acceptance at the Church Members Meeting.
Members Meetings normally take place four times a year and have responsibility for the overall polity of the church.
In accordance with the Constitution. the members appoint a number of Trustees, (currently 111. including the Senior
Pastor, and Treasurer (who are also appointed by the members), and c01lettive￿ known as the Leadership Team. They
are responsible for the day io day running of the church's work and witness. and the financial and legal aspects of the
charity. All member5 are encouraged to take an appropriate part in the spiritual and practical tasks involved in the
furtherance of the charitable objectNe.
Relevant matters may be submitted to the Church meeting by the Trusteesfor guidance or may be raised by members
in Church meeting for further consideration by the Trustees. Though the Constitution permTt5 decision5 to be made at
Church meetings by appropriate majorities. the Church seeks to work by consensus wherever possible.
Pagè 5

Testwood Baptist Churth
Report of the Trustee5
for the Year Ended 315t De￿mber 2023
174h oJ.fft.*.rf..1o￿... andsiwl on Tts behaLfby:
Approved by ord¥ofthe ￿[d ol trL￿ee$ on... .
Mr H Francis-Trustee
Page6

Independent Examiner's Report to the Tr￿tee5 of
Testwood Baptist Church
Independent e¥zminer's report to the trustees of Testwood Baptist Church
I report to the charity trustees on my examination of the accounts of Test*ood Baptist Church (the Trust) for the year
ended 31st December 2023.
Responsibilities and basis ol report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the
requirements of the Charrtie5 Act 20111.the Art'l.
I report in respett of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying
out my examination I have followed all applicable Dirertion5 given by the Cornmission under Sertion 14515llbl
of the Act.
Independent examinerfs Statement
Since your charity's gr05s income exceeded £250,CKKI your examiner must be a mernber of a listèd body. I can confirm
that l am qualified to undertake the examination because l am a member of Institute of Chartered Accountants in
England and Wales, which is one of the listed bodie5.
I have completed my examination. I confim) that no material matters have come to my attention in connection with
the examination giving me cause to believe that in any material respert:
accounting records were not kept in respect of the Twst as required by Sertion 130 of the Act,. or
the accounts do not accord with those records.. or
the accounts do not comply with the applicable requirements conwning the fomi and content of accounts set
out in the Charities IAccounts and Reports) Regulations 2(KTr8 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 ofthe accounts to be reached.
D A Sanders 8A (Honsl FCA
Sheen Stitkland
Chartered Accountants
2 Oriel Court
Omega Park
Alton
Hampshire
GU34 2
Date:
Page 7

Testwood Baptlst Church
Statement of Financial Activities
for the Year Ended 31st December 2023
2023
Total
funds
2022
Total
funds
Unrestricted Restricted
fund
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
376,716
11.015
387,731
332,159
Charitable activities
Charitable activities
4,945
4.945
4,019
Investment income
221
221
13
Totsl
381.882
11.015
392.897
336,191
EXPENDITURE ON
Charitable artivities
Ministry
Establishment
Mission
The Hub
Governance costs
230.441
93.(MXI
55.4EAI
1.573
6,030
11.015
21.649
995
241.456
114,649
56,455
1,573
6,030
192,131
118,071
28,760
1,125
6,704
Totsl
386,504
33,659
420,163
346,791
NET INCOME/IEXPENDrruREI
14,6221
122,6441
127,2661
110.6001
RECONCILIATION OF FUNDS
Total funds brought fo¥ward
133.121
748.IYJ5
881.216
891,816
TOTAL FUNDS CARRIED FORWARD
128.499
T15.451
853,950
881,216
The notes form part of these financial statements
Page 8

Testwood Baptist Church
Balance Sheet
315t De￿mber 2023
2023
Total
funds
2D22
Totsl
funds
Unrestricted ReSt￿d
fijnd
fvnd5
Notes
FIXED AS5ET5
Tangible a5sels
li
102M12
725,451
827.453
853.124
CURRENT ASSEIS
Debtors
Cash at bank
12
13.033
19
13,033
19.864
14,776
19,416
31897
31897
34.192
CREDrroRS
Amounts fallingd￿&with1n one year
14
16.4tM)I
16.4(K)I
16,ItKJl
NEf CURRENT ASSETS
26.497
26.497
28,092
TOTALASSEfs LESS CURRENT LIA8IUTIES
128.499
725,451
853,950
881.21S
NET A55Ef5
128.499
725A51
853,950
881,2L6
FUNDS
Unrestricted funds
Restricted funds
128,499
725.451
133.121
748.095
TOTAL FUNDS
853,950
881.216
The financial statements We￿ appr￿e￿ by the Bo*d of Tru5tee5 and authorised for Issue on
. and were sjned on its behalf bv=
Mr H Francls-Tru5tee
The notes form part of these finarKial statema)ts
Page 9

Testwood Baptlst Church
Notes to the Financial Statements
for the Year Ended 31st December 2023
ACCOUNTING POUaES
83$1$ of preparing thè flnandal statements
The accounts of the charity which is a public benefit Èntity under FRS 102, have been prepared in accordan
with "Atcounting and Reporting by Chaiities= Statement of Recomftiended Prartice applicable to charities
preparing their accounts in accordance wtth Financial Repothng Standard applicable in the UK and Republic of
Ireland IFRS 1021 leffective 1st January 20191 (Chartties SORP IFRS 10211. and the Charities Act 2011. The
financial statements have been prepared under the historical cost convention.
The attounts have been prepared on a golng concem basis. In the opinion of the trustees, theré are no
materièl uncertainties in regard to the Charity's ability to continue a5 a going concern. The trustees do not
consider that the effects of the conflict in Ukraine. the Middle East or the current economic 51tuatitsn will
impact on the charity's ability to continue to operate.
Income retognltlon and donatlons
All incoming re50urees are included in the Statement of Financial ArtNitie5 when the charity i5 legally entitled
to the incorne after any Performan￿ conditions have been met. the amount can be measured reliably, and it 15
probable the income will be recetved. Donations are accounted for gross when received.
Investment income
Investment income 15 induded in thè accoLbnts in the year in which IE is receivable.
Expenditure reco8nition
AIS expenditure is accounted for on an accrua15 basis. Expendtture ts recognised where there is a legal or
constructive obligation to make payments to third partie5. It is Probable that settlement will be required. and
the amount of the obligation can be measured reliably.
Grants payable
The church makes grants and donations to other organisations and indiMdua15 whose charitable objectives
complement its work. They are accounted for in the year in which they are paid.
Support Costs
Support Costs are those that assist the work of the church but do not directly represent charitable attivities
and rdate to governance t05t5. This represents direct expenditure on the governance of the church. Most of
the management is carried out without charge by volunteers. This intangible cost is t)ot included in the
Statement of Financi31 Atiivities since there is no measurable cost to the volunteers for their service.
Tangible fixed assets
The original church buildings are considered to be inalienable and historic fixed assets and are excluded from
the balance sheet because reliable c05t information is not available. and valuatiot) would incur significant costs
which would be onerous compared to the 3ddition31 benefit gained by the users of the accounts. The
Insuran￿ value of the premises is £5.938.393 which includes the new church building which was completed in
December 2007. The manse premises are rtated at cost and depreckition has noi been charged, because in the
opinion of the trustees, the ressdual value of the asset is not less than the original c05t price. Fumiture and
equipment in the church premises are included at cost or net realisable value. Items of equipment are
tapit31ised where the purchase price exceeds £5W.
As stated above. depreciation has not been charged on the manse premises.
Depreciation on other fixed assets is calculated to write off the coston a straight_line basis over their expected
useful life at the following rates=
Fumiture and fittings
Computers and equipment
33%
Page 10
continued...

Testwood Baptlst Church
Notes to the Financial Statements- continued
for the Year Ended 31st December 2023
ACCOUNTrNG POLiaES- continu
Tanglble flxed assets
New Church Building
2%
Taxatlon
The charity is exempt from tax on tts charttable actNitie
nds
Unrestrlcted funds are available for use at the discretion of the tnJsteÈs in furtherance of the genèral
objectives of the charity and which have not been designated for other purposes. Restricted Funds relates to
the 'Building Fund. which was established for a new church building and hence are capital items and the
Gordon Tuck Fund which was set up to hold donations given in memory of Gordon Tuck. The fund5 are used in
accordance with specific restrictions imposed by donors or which have been raised by the charity for particular
purposes. The church received a 8rant of £11,015 from Baptist I[￿uranCe toward5 the cost of ernploying a
Community Pastor. which was feceived and expensed durin8 the year.
Pension tosts and other post-retiremerrt beneffts
The pension Costs charged in the accounts ￿present the contributions payable by the church during the year
in accordance with FRSIO2.
Under FR5102 employers that participate in multi-employer defined benefit schemes where there is
insufficient information to do full benefit accounting and Whe￿ the employers are not under common control
need to recognize a liability to make payments to fund any deficit. This liability was required to be recognized
for the first time in the accounts for the year ended 31￿ December 2016. As. however, this information was
not available when the 2016 accounts were prepared no such liability was recognized ai this time. Provision for
the full liability due as at 315t December 2017 was trèated as an expense in the 2017 account& Following the
agreement with lust Group to secure the the benefrts of the members of the defined benefit scheme. no
liability is required to be reco8nised in the accounts and the reduclion Fn the liability as a result of this
transaction has been deducted from expenses in the 2022 account5.
DONATIONS AND LEGACIES
2023
2022
Offerin8 and donations
Gift aid
334,834
52,897
282,181
49,978
387.731
332.159
Page 11
continued...

Testwood Baptist Church
Notes to the Flnancial Statements- contlnued
for the Year Ended 31st December 2023
INVESThIENT INCOME
2023
2022
8ank interest
221
13
INCOME FROM CHARiTABLE ACTMTIES
2023
2022
Activity
Charitable actiwties
Charttable actbWties
Rents receNed
The Hub
3.480
1,465
2,745
1,274
4.945
4,019
GRANTS PAYABLE
Unrestrirted
Restritted
Total
2023
Total
2022
Youth ènd Families Matter
Hour of Revival (Dugmoresl
Home Mission Fund
MAF (Watermansl
Amor Europe (Youth Development)
Southampton City Mission
Baptist Missionary Society
Thelma Mills
Southern CBA
Watermans- donations
Moorlands College
Jonathan Rhodes- donation linternshipl
Dugmore- donations
G Tuck- Charlotte Bailey
Katrina Elkn"ns- donation Iminisler
training)
Totton Fun Day- donaiion
British Youth for Christ
Aid for Ukraine
4,2fKJ
1,SlXI
1,51J)
1.5(
4.200
1.500
1.500
1,500
10.350
1.500
1,500
1,500
1,800
720
300
240
100
3W
240
3(
240
Iix)
31.000
3(X)
500
10.000
995
31.0
5(M)
iO.(KK)
995
1,5IKJ
1,020
1.5¢JO
1,020
5.0(K)
750
5.000
55,460
995
56,455
28,760
Page 12
continued...

Testwood Baptist Church
Notes to the Flnanclal Statements- continued
for the Year Eniled 31st December 2023
INDEPENDENT EXAMINER'S REMUNERATION
Governance costs of £6,03012022 - £6,7¢MI represents amounts paid to the independEnt examiner for the
examination of the accounts of £4,51#)12022 - £4,4001. fees for other accounting and btsokkeeping services of
£1,9￿ 12022- £1,7001 les5 an overprovtsion for fees in respert of the 2022 accounts of £370 12022
underprovision of £6041.
TRUSTEES, REMUNERATION AND BENEFfrs
There were no trustees, remuneration or other benef￿ for the year ended 31st December 2023 nor for the
year ended 31st De￿rnber 2022.
Trustees, expenses
There were no trustees, expenses paid for the year ended 31st December 2023 nor for the year ended
31st December 2022.
STAFF COSTS
2023
2022
Wages and salaries
Social security costs
Other pension costs
206,983
12.183
11,860
183,044
10,102
110,6701
231,026
182,476
Throughout 2022 the Churth engèged an associate pastor on a selfemployed basis to assist the Senior Pastor.
Payments to the ass(Kiate pastor are included in wages and salaries above. No payments were made in the
year ended 31st December 2023.
The average monthly number of employee5 during the year wa5 a5 follow5=
2023
io
2022
Employees
No employees received emoluments in ex￿$$ of £60,C(KI.
The two Ministers act as church trustees in accordance with the Trust t)eed and received remuneration of
£62,923 in the year ended 31st December 2023 whilst arting as tTUStees12022- one minister
£42,899).
Pension contributions of £5.409 were paid on behalf of the two ministers12022 - one minister- £4,2901. £Nil
12022- £Nill in total was reimbursed to the Trustees in respect of eypenses incurred asTTustees.
The Church paid pension contributions for its previous Senior Pastor to the Baptist Pension Scheme IBPSI.
which is administered by the Pen￿On Trustee18aptist Pension Trust Limitedl. The scheme is a separate legal
entity and the assets of the scheme are held separately from tho* of the employer and other participating
employers.
Page 13
tontinued...

Testwood Baptist Church
Notes to the Flnancial Statements- contlnued
for the Year Ended 31st Decernber 2023
STAFF COSTS. continued
For any month, each participating employer in the scheme pays contribution a5 set out the schedule tsf
contributions in force at the time. The scheme is considered a multremployer Scheme as described in SÈction
28 of FRS 102. Thi5 is because it is not possible to attribute the stheme's assets and liabilities to specific
employers and means the contributions are accoijnted for as if the 5theme was a defined contiibution scheme.
The pension costs charged in the year are payable towards benefits and expenses accrued in that year plus any
impact of deficiency contribulion5 Isee belowl. For the year ended 31st De￿rnber 2017. pension costs
included the amount of the pension Ihability estimate as at 31st December 2016 as described in note l.
Pension costs for the year ended 31st December 2023 did not include an adjustment In respect of a change in
the pension scheme deficit12022- credit 01 £20,877).
COMPARATIVES FOR THE STATEMENT OF FINANaAL AcnvmES
Unrertricted Restricted
fund
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
332.159
332,159
Charltable artivities
Charitable activities
4.019
4.019
Investment income
13
13
Tthal
336,191
336,191
EXPENDITURE ON
Charitable arti¥ities
Ministry
Establishment
Mission
The Hub
Gove¥nance costs
192.131
96.489
26.010
1.125
6.704
192,131
118.071
28.760
1.125
6,704
21,582
2.750
Total
322,459
24.332
346,791
NE[ INCOMEIIEXPENDITUREI
13.732
124,3321
110,6txii
RECONCILIATION OF FUNDS
Total fund5 brought forward
119.389
772,427
891,816
TOTAL FUNDS CARRIED FORWARD
133.121
748.095
881.216
Page 14
continued...

Testwood Baptist Church
Notes to the Financial Statements- continued
for the Year Ended 31st December 2023
io.
PENSIONS
The Church 15 8 participating employer in the Baptist Pension Scheme I'the Stheme'l, which is 3 Separate le8al
entity administeréd by the Pénsion Trurtèe (Baptist Pènsion Trust ￿"MIted>. The assets of the Scheme are held
separatèly ffom those of the Employer and the other participating efftployers.
The Scheme. previously known as the Baptist Ministers. Pension Fund. started in 1925, but Wds closed to
future aetrual of defined benefits on 310ecember 2011. Prior to this date the rnain benefit provided through
the Defined Benefil IDBI Plan was a pension of one eightieth of final mtnimum pensionable income for each
year of pensionable service together wth additional pensson in respect of premiums paid on Pensionable
Incomè in excess of Minimum Pensionable Income.
From January 2012, pension provision is being made through the Defined Contribution IDCI Plan within the
Scheme. In general, member5 pay 8% of their Pensionable Incow* and employers pay 6% of members,
Pen5ion3ble Intome into individual pension accounts. which are operated and managed on behalf of the
Pension Trustee by Broadstone Corporate 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 provide5 income protection for Scheme members if they are unable to work due to long-term
incapacity- Thi5 income protection poliLY h35 been insured by the Baptirt Union of Great Britain with Awva
mited. Members of the Basic Seciion pay reduced contributions of S% of Pensionable Income, and their
employers also pay a total of 5%.
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'5 a55ets and liabiltties to 5pecthc employers. the scheme is accounted for
as rf the Scheme weie a defined contribution scheme.
The Ministers and some members of the church staff are eligible to N)in the Schèmè.
ArtU3ri31 valuation as at 31 Oecember 2019
A formal valuation of the OB Plan as at 31 December 2019 was carried out by a professionally qualified Actuary
usin8 the Projected Unit Method. At the valuation dale the market value of the DB Plan assets was £298
million, whilst the level of assets needed to pay benefits was £316m. giving a deficit of £18m lequivalent to a
past service funding level of 94%). The Church and the other paniopating employers in the DB Plan are
collectively responsible for funding this defictt.
The key finanoal assumptions underlyirtg the valuation were as follows
Type assumption
RPS price inflation assumption
3.20
CPI price inflation assumption
2.70
Minimum Pensionable Income Increase Adjustment (above CPI)
0.50
PTe-retirement assumed investment return5 Igilt yield plus 1.75% pal 2.95
P05t-retirement assumed investment return5 (including benefft5
matched by the insurance policyl Igslt yield plus 0.5% pal
Minimum Pensionablè Income increases ICPI plus O.5%1
Deferred pension increases (based on RPII
Pre April 2009
Post April 2009
Pension increases
Based on CPI with an annual floor of 0% and annual cap of 5%
1.70
3.20
3.20
2.50
2.70
Page 15
continued...

Testwood Baptist Church
Notes to the Flnancial Statements- continued
for the Year Ended 31st December 2023
io.
PENSIONS- continued
Mortality was assumed in accordance with 80% of the $3NA standard mortality table. Future improvements
projected from 2013 in line with the'CMI 2019" projection with a lon8-term rate of improvement of 1.75% p.a.
for males and 1.5% p.a. for female5 Wlth the core Smoothing parameter and with additional initial mortality
improvement fartor A=0.5%.
The next actuarial valuation of the DB Plan within the Scheme was due to take place not later than as at 31
December 2022. However, the DB Plan is to be wound up, and the ptocessto wind it up was stsrted with effect
from 31 March 2024 and therefore no forrnal valuation is due to take place.
Recovery Plan
In addition to the contributions to the DC Plan Set out above. where a valuation of the DB Plan reveals a deficit
the Trustee and the Couftcil agree to a rate of deficiency contributions from churches and other employers
involved in the 08 Plan. Following the 2019 valuation a Recovery Plan was siEned in September 2020 under
which deficiency contributions are payable until 30June 2026.
On 30th June 2022 the Bapt15t Pension Scheme signed an agreemeni Just Group I"Just"I to secure DB plan
members. pension benefits. Just are now providing financial backing for all pensions provided through the
Scheme'5 D8 PSan. and following this transaction, the Scheme no longer has a shortfall. An updated Recovery
Plan was then signed in August 2022 under which recovery contributK)n5 from each participating employer in
the DB plan reduced to £1 per month from August 2022. These contribution5 are payable under the recovery
plan until June 2026. The outstanding deficiency contributions dve ￿der the Recovery Plan are not considered
material 3nd therefore have not been included in the balance sheet.
Movement in Balance Sheet liability
Section 28.IIA of FRS 102 requires agreed deficit recovery payments to be recognised as a liability. The
movement in the provision is Set out in the tsble below.
31.12.23
31.12.22
Balance sheet Ilability at year start
Minu5 deficiency contributions paid
Interest cost Irecognised in SOFA)
Remaining change to balance sheet liability Irecognised in SOFA)
23.900
13.0231
448
121,3251
Balance Sheet liabilrty at year end
Compri5e5 any thange in agreed deficit recovery plan and change in assumptions between yearends.
Where relevant, the liability rep￿sents the present value of tke defiat contributions agreed as at the
accounting date and ha5 been valued using the followng assumptions set by reference to the duration of the
deficit recovery payments..
Accounting date
31.12.23
31.12.22
31.12.21
Discount Tate
NIA
NIA
2.0%
Future increases to Minimum Pensionable Irhcome
NIA
NIA
4.1%
Page 16
continued...

Testwood Baptist Church
Notes to the Financial Statements- continued
for the Year Ended 31st December 2023
ii.
TANGIBLE FIXED ASSEfs
Fumtture
and
rittings
Church
premises
Computers
& equipment
Manse
Totals
COST
At 1st january 2023 and
31st December 2023
1.061.713
97.(
101,442
49,662
1,309,817
DEPRECIATION
At 1st January 2023
Charge for year
315.395
21.234
95,717
1,173
45,581
3,264
456.693
25,671
At 31st December 2023
336.629
96,8
48,845
482,364
NET BOOK VALUE
At 315t December 2023
725.084
97.1
4,552
817
827,453
At 31st December 2022
746.318
97.(KKI
5.725
4,081
853,124
All of the fixed assets are used for dirert tharitsble purposes.
12.
DEBTORS: AMOUNTS FALUNG OUE wrtHIN OP4E YEAR
2023
2022
Atcrued income- Gift
13,033
14.776
13.
CASH AT BANK
2023
Total
funds
2022
Total
funds
Lloyds Current Account- No I
Uoyd5 Current Account- No 2
Hub Account
8,040
11,281
543
3,530
15,235
651
Total
19.864
19.416
Page 17
continued...

Testwood Baptist Church
Notes to the Financial Statements- continued
for the Year Ended 31st Decernber 2023
14.
CREDITORS: AMOUNTS FAWNG DUE WITHIN ONE YEAR
2023
2022
Accruals and deferred income
6,IlX)
15.
MOVEMENTIN FUNDS
Net
movement
in funds
At
31.12.23
At 1.1.23
Unrestrirted funds
General fund
133.121
14,6221
128.499
Restricted funds
Building fund
Gordon Tuck Fund
747.INh)
1.095
121.5491
11.0951
725.451
748.095
122,6441
725,451
TOTAL FUNDS
881,216
127,2661
853.950
Net movement in funds. included in the above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestrirted funds
General fund
381,882
1386,5041
14,6221
Restricted funds
Building fund
Gordon Tuck Fund
Baptist Insurance grant for Comrnunity
Pastor
121.5491
11.0951
121.5491
11,0951
11,015
111.0151
11,015
133.6591
122.6441
TOTAL FUNDS
392.897
1420,1631
127.2661
Page 18
continued...

Testwood Baptlst Church
Notes to the Financial Statements- continued
for the Year Ended 31st December 2023
15.
MOVEMENT IN FUNDS- contlnued
Comparatfves for movement in lunds
Net
movement
in funds
At
31.12.22
At 1.1.22
Unrestrirted funds
General fund
119.389
13.732
133,121
Restrirted funds
Building fund
Gordon Tuck Fund
768,582
3,845
121.5821
12.7501
747.(K)O
1.095
772.427
124.3321
748.095
TOTAL FUNOS
891,816
110.61K)I
881.216
Comparative rhet ￿0vement in funds. included in the above are as fdlows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestrirted funds
General fund
336.191
1322,4591
13,732
Restrlcted funds
Building fund
Gordon Tuck Fund
121,5821
12.7501
121,5821
12,7501
124.3321
124.3321
TOTAL FUND5
336,191
1346,7911
110.6(X)I
16.
RELATED PARTY DISCLOSURES
The custodian Trusiee of the church is the Baptist Union Corporation knmited which is charity number 249635
and which 15 controlled by the Baptist Union Council. The church is also a member of the Bapt15t Union of
Great Britain and the Southérn Counties Baptist Association. The church made a grant to the Baptist
Missionary Society as Set out irb note 5 to the financial statements.
Revd M Huckle. the senior pastor and a trustee of the charity. was appointed a tTUStee of The Southern
Counties Baptist Association on 6th November 2023. The church made 3 grènt to this char4ty as set out in note
5 to the financial statements.
Mr H Frarbcis. a trustee of the charity. 15 a director of The Baptist Insuran￿ Company plc. a provider of
insurance services to the church. All insurance Servi￿S provided by the company are on an arms length basis.
Page 19