## **Annual Report 2021** Oakham Baptist Church | Melton Road | Oakham | Rutland | LE15 6AY Charity Number 1130173 www.oakhambaptist.org.uk 1 ## Contents INTRODUCTION ....................................................................................................................... 3 LEADERSHIP TEAM | TRUSTEES ........................................................................................... 4 REPORT OF THE TRUSTEES ................................................................................................. 5 MINISTER’S REPORT .............................................................................................................. 5 SUNDAYS ................................................................................................................................. 6 WORSHIP .................................................................................................................................. 7 WELCOME TEAM ..................................................................................................................... 7 YOUTH AND CHILDREN’S WORKER REPORT ..................................................................... 7 SCHOOLS OUTREACH ............................................................................................................ 8 There has been no schools outreach during 2021 due to the Covid restrictions. ..................... 8 CHILDREN & YOUTH ............................................................................................................... 8 SAFEGUARDING ...................................................................................................................... 8 LIFEGROUPS ............................................................................................................................ 9 PRAYER and spiritual growth .................................................................................................... 9 PRAYER CHAIN ...................................................................................................................... 10 REACHING OUT TO THE COMMUNITY ............................................................................... 10 HOME AND OVERSEAS MISSIONARY CONTACTS ............................................................ 11 2 ## INTRODUCTION **The Annual Church Members Meeting** will be held in **April 2022** . The Meeting is open to all who worship at OBC, not just Church Members, and is an opportunity for us all to: - thank God for His many blessings to us all. - rejoice in all that God has done in us, through us and for us throughout the year. - show our appreciation to all those who have served in the many different ministries. - ask the Leadership any questions. - learn more about the plans we believe God has for us in the year(s) ahead. - pray for the future of OBC and the on-going ministries. Our Annual Report is an overview of the activities of Oakham Baptist Church during 2021 which we hope will give you an idea of all that happened during the year. If you would like more information about any aspect of the Church’s life, then please speak to the Church Secretary. Those Church Members present will be asked to formally adopt the Financial Report & Accounts. The only change in the leadership team in 2021 has been the addition of Reverend Thomas Bowring who was inducted in September 2021. 3 ## LEADERSHIP TEAM | TRUSTEES The Leadership Team earnestly seek and welcome the Holy Spirit to guide and inspire us in all that we do, trying to live our lives in accordance with God’s Word, praying for wisdom, discernment and vision so that we do only “what we see the Father doing”, striving to be wise stewards of all God’s provision to us and endeavouring to avoid wasting time, energy and resources on fruitless pursuits. We desire a church that welcomes all comers, reaches out to the lost, cares for those in need and disciples all, so that every person is valued as an individual and grows towards maturity and an ever-closer walk with God. As Church Trustees we undertake the legal and financial business of the church, ensuring that the relevant Health & Safety Requirements and Child Protection and Safeguarding Requirements are met. We take responsibility for the upkeep of the church building and manse, insurance, household management and other needs as they arise. After prayerful consideration based on biblical models of church leadership, the church membership agreed at the Church Members Meeting in September, to the use of ‘deacons’ in addition to the legal requirement for charitable trustees. Even though, at present, all deacons are trustees, this enables us to elect leaders who fit with the Bible’s criteria for deacons without them needing to be charitable trustees, while also holding our leaders accountable to the biblical criteria for leadership. For more about the qualities of a deacon refer to 1 Timothy 3. Church Members Meetings are generally held at least once a quarter, and during 2021, we managed to do this with a mixture of Hybrid or Zoom meetings due to Covid restrictions. The “Church Charity Trustees” are the members of the Leadership Team who have been formally appointed by Church Members and during 2021 comprised: The Revd. Thomas Bowring (Minister) (Appointed September 2021) Joy Steele (Secretary) (Elected for first three-year term from December 2020) Andrew Gilbert (Treasurer) (Co-opted in March 2020. Elected for first three-year term from December 2020) Tim Allen (Trustee) (Co-opted in March 2020. Elected for first three-year term from December 2020) Merv Bamber (Trustee) (Elected for first three-year term from 10th July 2019) Lorraine Harper Trustee) (Co-opted in March 2020. Elected for first three-year term from December 2020) Neil Kirk (Trustee) (Elected for second three-year term from December 2020) The Property Trustees are East Midland Baptist Trust Company Ltd, Baptist House, 129 Broadway, Didcot, Oxfordshire, OX11 8XD. Our Bankers are Barclays Bank, High Street, Oakham, and our Independent Examiner is Jon Dyson. 4 ## REPORT OF THE TRUSTEES In 2021, the wider leadership team included the following Member: Rhoda Gibson (Children’s Work) Rhoda Gibson continued as Youth and Children’s Worker, and this is a full-time role. Ebenezer Kang’ombe continued as part time Systems Administrator _._ Eleven new members joined the Church during 2021 and ten members resigned or transferred their membership. One member, (Val Gardner), died during the year so that as at 31[st] December 2021 there were one hundred and twenty members. Membership is reviewed periodically. Throughout 2021 a morning worship service has taken place in a variety of ways; Zoom, You Tube broadcasts as well as hybrid services have all been used to provide a place for the congregation to meet with God in the Church building, or online if they were shielding or hesitant to mix with others. Multiple services were resumed on 7[th] November 2021, the second service being in the afternoon at 3.00pm, in a more relaxed form enabling those who needed a little extra space to feel comfortable meeting in person. ## MINISTER’S REPORT I can’t speak for the year up until September, but it’s been a great year in the spiritual life of the church since then. We opened up the book of James, a first for some people, after discerning that God wanted us to explore this first New Testament book from Jesus’ brother and look at how those very first Christians were called to live together and love each other. James, as a leader, pulled no punches and he writes very clearly about the expectations of those who follow Jesus. Each part of that wonderful book is rich and alive with sound doctrine and discipleship principles so if you missed any of the series I really encourage you to go onto YouTube and watch them. There was great feedback following the series and I know it spoke into many people’s lives. It was a sheer joy to baptise Nathan and Cathy in December, two completely opposite stories of how we can faithfully respond to God’s command that we are baptised following our personal commitment to Christ. The rest of December we held to a traditional Christmas model, something we had all missed with the turmoil of the previous year. Wendy and the worship team put together a fabulous carol service and carols by candlelight service that was a huge success. Lotty’s fabulously funny and thoughtful nativity hit some Covid related bumps during the production phase, but thanks to the team’s versatility and tech prowess of Ebe we had a wonderful time seeing all the hard work and practice the young people and Rhoda had put in. It was a great day. On Christmas day we gathered around the manger to look upon our infant King and followed that with our shared Christmas meal. A huge thankyou to all who 5 helped with the day. The tables were full of joy and laughter, and it is something we want to repeat every year we can going forward- what an amazing way to reach the community. Finally, I want to say how loved, welcomed and cared for we, the Bowring family, have felt here. The warmth and love of this church family is a miraculous gift, and it regularly brings us to tears when we experience the pure love that you, our brothers and sisters, show to us and each other. I foresee that God has wonderful things to show us from his storehouse of great blessing in 2022 and I await with excited anticipation to see how He will move. Rev. Tom Bowring. ## SUNDAYS Our main Church Celebration is held every Sunday at 10.30 am when the Church Family meet to worship God in person or online. The style is informal and contemporary and is the place where the majority of the preaching and teaching of the church takes place. The music groups use a number of different instruments to provide a wide range of worship songs from traditional to modern. Up-to-date technology enables the use of CDs, DVDs, etc. when appropriate. Holy Communion is celebrated regularly and from time to time all age worship takes place. All these continued via online services and different ways of worship were explored using Covid Safe meetings, or remote recordings. On the first Sunday evening of the month at 6.00 pm the Church Family join together for Sunday Night @ Six to worship and pray in an informal setting. The aim is to create space for God to move as the Holy Spirit is invited to come and minister without limits. This has continued online. 6 ## WORSHIP Wendy Allen continued the coordination of the worship team throughout 2021.Teams of musicians and singers have served the church throughout the year, and in addition, music videos have been used to supplement the recordings that the music group have produced. With the return to worship in the building, the team have worked hard to provide sung and instrumental worship which have been much appreciated by the congregation. Challenges with the sound desk have been overcome and both the music and AV teams have worked hard to deal with the added complication of simultaneously doing in person and broadcasting via You Tube. ## WELCOME TEAM Our ministry is to make everyone feel welcome in our fellowship – this is especially important, not only for our church members to feel welcome, but particularly for visitors who have come to worship with us. This team has not been needed in it’s usual role during lock down but we have had new members joining the congregation online and it has been exciting to welcome them in person now that we are meeting in person again. This remains an important ministry within the church especially as people return in person and new people continue to visit the church and, we pray, feel at home here. ## YOUTH AND CHILDREN’S WORKER REPORT . The Children’s and Young people activities were restricted in the early part of the year as a result of Covid lockdown. Despite this there were weekly calls and connections with the young people over Zoom with a variety of games and interactive ways to help teach them about Jesus. Once the lockdown ceased, we were able to be more creative and weekly Sunday school resumed. The parent and toddler group, Tiddlers, started back up and we were able to put on a Youth Alpha which culminated in a fantastic weekend away with the young people to Northampton. Along with this there was a ‘Light Party’ in late October and the preparation for a grand Christmas production which was able to proceed despite several Covid isolations for key team members. We are blessed with an extraordinary number of young people in our church, and it remains a wonderful privilege to get alongside them and help them in their faith. The plans for 2022 are to see the ‘LEt’s GO Build’ club resume, along with the development of the ideas that were on hold due to Covid. These include starting a Mentoring programme so the Children and Youth are supported in their everyday life and various community events including, Messy Church, a Youth Friday night meeting and Holiday clubs Neil Kirk (Trustee for youth and children’s work) 7 ## SCHOOLS OUTREACH There has been no schools outreach during 2021 due to the Covid restrictions. ## CHILDREN & YOUTH **SUNDAY MORNING GROUPS:** **ADVENTURE (Ages 0-4 years) DISCOVER (Reception - Year 2) EXPLORE (Year 3 - Year 6) CONNECT (Year 6 -Year 9) ENCOUNTER (Year 10 - Year 13)** The groups have met online for most of the year but resumed face to face in September 2021, either in the Church building or, in the case of Connect and Encounter meeting in the local Costa Coffee Shop. ## SAFEGUARDING **Janet Elmore and Rhoda Gibson** The Safeguarding Policies for both the Children, and the Adults at Risk, continued to be implemented during 2021. The team consists of Janet Elmore and Rhoda Gibson. Janet Elmore has taken on the role of designated contact for vulnerable adults. The trustee overseeing Safeguarding is Neil Kirk. Thanks were given to Janet Evans who stepped back from her role on the team after many years of service. There were no reported incidents during 2021. There were no major changes to the policies during 2021, although they were consistently reviewed. Janet Elmore continued to ensure that an up-to-date DBS check was undertaken for everyone for whom it was required, and she will continue in this role. At the present time, no-one working with Adults at Risk requires a DBS check, as the Church does not undertake any Regulated Activities. 8 Both policies are available to view on the Church website and can be found under “Resources” and under “Policies”. ## LIFEGROUPS We are very blessed at OBC to have no less than ten Life Groups, encompassing almost 100 members of the congregation. It has been a difficult year for everyone, and the Life Group leaders have done a superb job in caring for the members of their Life Groups – meeting on Zoom/Skype, meeting up in smaller groups (socially distanced, of course), and caring in many practical ways for those who are in need. Life Groups are a key factor in the discipleship of the church, and we would encourage anyone not presently engaged in a Life Group to seriously consider joining one, not just for discipleship but to form those friendships which are so essential to us all. Just speak to Kate or myself, Peter Mancey, and we will be delighted to help you find the right group for you. We have kept in weekly touch with the Life Group leaders during this time, by phone, to see how they are in order to bring encouragement and to see if there are any prayer needs for the group itself. Peter and Kate Mancey From October 2021 the Lifegroup leaders have been meeting with the Minister to pray for the members of the church in their lifegroups. ## PRAYER and spiritual growth Prayer is one of the main ways that we develop our personal relationship with God - growing spiritually - and the principal means of passing on God’s blessings and goodness to others in ministry and intercession. There are so many prayer opportunities for us: - Sunday mornings at 9.30 am - Tuesday mornings at 7:30 am - Small groups - Sunday Night@6 - monthly meetings - Sunday morning services - Prayer ministry on Sunday mornings - 40 days of Prayer during Lent - Ministry team dealing with prayer for an individual on a series of occasions. - Prayer chain (Church Suite email) - Prayer walks (occasional) - Prayer room (occasional) - Week of Prayer and Fasting 9 - Facebook group - Thy Kingdom Come (Pentecost) - National Prayer Weekend (September) The prayer ministry team have sometimes not been unable to meet in homes with any of the church family needing prayer. However, Kate and Peter Mancey have been praying for those in need over the phone and by setting up Zoom calls for more in-depth ministry, both with individuals and a number of couples. We have seen God touch lives in wonderful ways bringing restoration and healing, to the praise of His name. Since restrictions have eased members have been visited and prayed for in their own homes again. Peter and Kate Mancey In addition, two online prayer meetings began, led by Bryan Steele, in March 2020 as a response to the Covid Pandemic. These have continued at 10,00 on a Wednesday morning and Sunday evening at 19.00 throughout the year and have had a consistent group of people praying every week. The Wednesday morning meeting has stopped now that the early morning Tuesday morning prayer meeting has restarted. We have seen, over the year, considerable growth in our awareness of the presence of God; freedom in worship; the welcoming of the Holy Spirit into our monthly Sunday night @ six services. We are seeing this freedom more and more in the Sunday morning services as well, as we are able to flow between worship and prayer. In 2021, we encouraged the sharing of prophetic words during Sunday morning services. The change to online services has made this spontaneous response to what The Holy Spirit is saying more difficult but not impossible. Sunday night@6 and the prayer meetings are both places where there is an opportunity to seek and respond to what The Spirit is saying. ## PRAYER CHAIN The OBC Prayer Chain exists as a vehicle for bringing traumatic, emergency situations that have a direct bearing on OBC families straight to God in urgent arrow prayers. Thanks to Church Suite, if you are on the Church Address data, you can join the 58 people who are already part of this valuable link, providing that we have your email address. To become part of this ministry, please contact John Donald at prayer@oakhambaptist.org.uk We thank God for the many answers to prayer, and the many people carried by Him in difficult and trying times, through the Prayer chain. ## REACHING OUT TO THE COMMUNITY This took place through a variety of ways: ## **REACHwomen** ## **SANCTUARY** **TIDDLERS – toddler and baby group** ## **EXERCISE CLASSES** ## **PAINTING FOR PLEASURE** 10 ## **OBCinerma** ## **LEGO CLUB – Let’s Go Build!** ## **ALPHA** ## **MEN OF GOD** Many of these activities have had to stop due to the Pandemic. REACH women have had some online meetings, Care of the more vulnerable and elderly members of the Sanctuary was undertaken by volunteers who shopped and collected prescriptions for them as well as keeping in touch by phone or doorstep visits when they were allowed. A follow up to the Alpha course was run on Zoom very successfully in the Spring with participants from a variety of backgrounds. Men of God have had prayer breakfast meetings firstly in the church and then with speakers via Zoom because of the Covid restrictions and then as restrictions were eased, back in the building again. We continue to support UK and overseas work both prayerfully & financially and aim to ‘tithe’ as a minimum from the offerings OBC receives. We primarily support UK mission work through the Baptist local Home Mission arrangements, and overseas via BMS with whom we have longstanding partners John & Sue Wilson. We also give to the work of Salt Malawi. We continue to support the work of a variety of other missions and ministries such as Food Bank, Open Doors and cover the costs of a local CAP Debt Counsellor (David Clark) from 2018. **Our BMS Missionary Partners John and Sue Wilson** ## **Salt Malawi Julian and Caroline Lott** 11 CHARITY COMMISSION FOR ENGLAND ANO WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of On accounts for the year ended Charity no (if any) Set out on pages I report lo the Iruslees on my examination of the accounts of the above charily {"the Trust") for the year ended Responsibilities and basis of report As the charity's trustees, you are responsible for the preparation of the accounts in accordan￿ with the requirements of the Charities Act 2011 {"the Act"). I report in respecl of my examination of the Trust's accounts carried out under section 145 of the 2011 Acl and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145151(b} of the Act. Independent examiner's statement 44+*e -appl￿￿￿. Delete I l if not applicable. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below ') which gives me cause to believe that in, any material respect.. the accounling records were nol kept in accordance wtth section 130 of the Charities Act., or the accounts did not accord with the accounting records., or the accounts did not comply with the applicable requirements concerning the form and content of accounts Set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement thal 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 aGross no other malters in connection wilh the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ease delete the words in the brackets rf they do not apply. Signed: Date: IL.oS. Ir)3 Name: Rolevant professional qualificationls) or body IcA,QIL( IER Oct 2018 Ilf any}: Address: 3, LtwÉ Section B Disclosure Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charily accounts.. directions and guidance for examiners). Glve here brief details of any items that the examlner wishes to disclose. IER Oct 2018 OAKHAM 8APTisf CHURCH srATEMENT OF FINANCIAL ACllVmES FOR ThE YEAR ENDED 31 DECEMBER 2021 Total 2021 UhrMtricted li•*tsirt ToLIl 2020 from 125,546 33 48.385 In.931 36 144,5( 1,51 146,6C 125.675 I74,(￿3 118.531 26,ffi9 3,074 121,6(5 26,669 148.2n 89,305 11,433 IC(1,738 145.1 3.074 tlet income l (ex￿￿￿t￿e) before G•ins and losges on investments {19.524) 45.314 25,790 45,868 Net gail￿/ (kn￿} Net Income l (Expenthr•} for thè ye (19.524) 45.314 25,?30 45,868 Totsl fc*wad Net I￿￿ne l (EwlthE) 1,691,939 (19,524) 57,258 138.376 1,8E8.050 I￿,716 45,314 {57,258) 1,8n.715 25.79) 1.826,847 45,868 Asset Revaluat I￿.376 2,036.882 I68￿2 1,872,715 Page I OAKHAM BAFrIsr CHURCH BALANCE SHEEf 31 DECEMBER 2021 2021 2020 FlxÈd Assels TaThJSble Fwl Assets io 1,792,266 1,792,266 1,571,364 1,571,364 Current li 1,597 247,720 249.317 26,522 274,79) 301,351 Bank arKY Gish 12 Current Uabilittes falllryj due ￿thIn l¥￿ ye 13 4,7CI) Nét Currefit Awets Total assets kn cumt lkbt1E￿eS 244,617 301.351 244,617 2,036,882 301,351 Total rt assets ￿ 1k?bill￿es 16 1,872,715 Charity Funth 14 168,832 180.776 15 1,8E8,050 1,691,939 Total Cha5ity Funds 2,036,882 1,872,715 The notes on pages 3-11 form an integral part of these accounts. These accounts were approved by the Trustees on 20 June 2021 and signed on their behalf by: Andrew Giltert (r￿sUrer) Joy Steele (Secretary) Page 2 OAKHAM BAiryisf CHURCH NOTES TO THE ACCOUKtS YEAR ENDED 31 DECEMBER 2021 I ACCOUNTING POUCIES a Basls of preparatlon The accounts a￿ prepared in accordance with the. Charities Statement of Recommended Practice (Charities 9)RP 2015), FRS102 and with the Charitie5 Act 2011 Oakham Baptr'st church Is a regi5ter*J charity, no. 1130173 and meets the definition of a public benefit entity under FRS102. A55ets and liabilitie5 are initsally recognized at historical cc6t or transartion value unless otherwise 5tsted in the rdevant accounting pjicy notes. b Income recognition All incoming resources are included In the Statement of Flnancial Activlb'es when the chanty Is legally entrtled to the income after any performance conditions have been met, the amount can be measured lia￿Y and rt is probable that the income will be re￿fftd. c Donatlons Donations are accounted for grc6s when received. Fixsj asset gifs in kind are recoanized when receivable and are included at fair value. d Legacles Legacies are accounbj for at the earlier of the Estate accounts being finalised and notsfied and the Ivjacy being wived. e Investment Income Investment incoff£ is includej in the accounts in the year in which It 6 reCeiva￿e. f Expenditure recognition All exrenditure is accounted for on an accruals basis. ExFendItU￿ is rKc4Jnized where there is a legal or constructive olligabon to make payments to third part￿5, it is probable that settlement will be wuir&4 and the amount of the obligation can be measured reliably. g Costs ol ralslng funds The Church dces not make fonnal aprea15 for funds, and eX￿ndItUre on these lten￿ is therefore not material. h Grants payable The Church makes grants to other organisations whose charitable obJects completrent its work. They are accounted for when the reCip￿llt has been notsfied of the grant and payment is uncondthnal. Support costs Supwrt Costs a￿ thc6e that assist the work of the church but do not directly represent charitable acb'vilies and include office costs and governan￿ c05t. Where SUPFOrt Costs cannot be directly attTlbuted to particular heading5 they have teen allcated to the c05t of raising funds and exFenditU￿ on charitable activities on a basis consistent wth the use of resouKts. This ￿presents dirett expenditu￿ on the governance of the church. Most of the management 15 carriej out without charge by volunteet5. Thls intangible ctst is not included in the Statemert of Financial A￿'￿tieS since there is no ff*a5urable (￿t to the volunteers for their Se￿￿. Page 3 Fixed Assets Tangib￿ fixed assets are capits1s￿ rf they can be us&1 for more than one year and cc6t at least £l,CKKI. They are initialty r￿nISed at cost or for donated assets, at a ￿sona￿e estimate of their value on receipt. There is m reliable infonrthn available for the cost of the church premises and so on first time adoptw)n of FRS102, the Insuran￿ value used p￿￿)uSlY was adopted as deem8J cctst. k Depreclation Depreciatson is provided on all ￿ed assets, other than freehold land, to write off the cost on a straight-line basis over their e Publicity Futxl Totalj 16 Analysls of net assets Total Analysis of net assets RestrlLtsJ 14 Des¥Jnated Funds mte 15 168,832 168,832 1,792,2E6 1,792,266 75,783 1,86B,050 2,036,882 T¢)tal* 244,617 17 Pens1•￿$ The c￿rCh Is an ernpIry￿r parts"apatiThJ In a ￿n51)n sc￿*￿e known as ￿ Baptst PemsK)n kheme ffthe *h￿ery, whth is &Jmlnlrtered by the PensK)n Trustee IBapts'si PensK)n Tr￿ knmlied). The Is a ￿P￿ate legal entlty aThJ Ihe assets of the ￿ a￿ hekj separatety frcrn the arml the fftr pattipatlng anpbyu Fr* any nKJrrth, eath pattJpattThJ ern￿¢￿ In (£￿tr￿tt￿5 as set in lthe 9￿￿jUk ofCortittyJt*)n5 in force at that time. The ￿ is COr6K*r￿ to be a n¥jItsem￿0Yer as d￿riL￿1 In S&ivJn 28 of FRS 102. Thi4 Is ￿￿Se fc Is rK )ssiLle to attribute the Sthmes assets aTrJ Ikibllts to 5rEcif£ ￿pknYers a￿1 r￿an5 that contrknitms are account￿1 for as If the ￿e wwe a defi￿ (tjntrknjtion xhane. The SfnSKJns c(6ts charyed to the &)FA a bebw). The Min6tu(s) [arMI memt*ts of the dKMrh staffj Is l are elNJib￿ to ￿1n *hen￿. Fn)m janu￿ry 2012. provLsK)n ts beirYJ nk3de thrju￿ the Defin￿1 Conlrilmjtbn (K) Pkn wlthln tr *hfft. In g￿eral, munbers pay 8% of thelr Pensionabk 11K(￿ arKI anployers pay 6% of memL￿5, PensbnaLle Income into individ￿11 pw6h)n accounts, whKh a￿ Lwat8J and man&pJ cn Irhaw of the Pen5M Trustee by L8Jal ar¥J GerEral Life A￿a￿e timfjtej. In a(hJiti¢Ji, ts ￿nPtyr pays a fvrther 4% of Pensicwb* to cw tkath In Srte F￿r￿fits, adminL51ralic¥i costs, aThJ ￿ asxtlated insurarKe whth yY(wldes mewl)a5 in the e￿ that they are unabk to to IcK¥J.tem) ￿pa￿ty. This Ir￿ome has txen Ir$ur￿l by the Barkist UnIC￿ of Lknt PAltsin wth AvNa t￿c. [MemLYs of the Ba&c SeCt￿n pay rEdtKed contrllwi¥)ns of 5% of PensK)n*le I￿, and thar wnpb)yus alg) pay a total of 5%.] The furthu 4% contributbjn rate is to 3% Berth In rw of savte fv to l Jan￿￿ry 2012 a￿ provKled thrO￿h the Benefit {DB) Plan wlthln the s(1)￿. The main ￿nefits ts pre.2012 5eThre a defiwj ￿nefft kyskjn ofone ehJht*th of Final MinNnum Pen5kThbk IrKcme for year of Persbn&)k SerV￿e, t£gethtr w￿h aldith)nal persKffl in of paKI on ￿K)nable ImThe in exc￿5 of MIn￿L￿1 Pens￿￿￿blE Inccffle. The *herrE, known as the BaOist Mhisttrs. Pen5bn FUNI, started in 1925, tmjt wa5 ek}￿ to fuiure ￿(nJal of (kfin&l b￿ts on 31 t￿)btr 2011. Page 9 A ft)mial ValUat￿n of the Defined Benefit (DB) Plan was pvfc*m&J at 31 D￿ember 2019 by a protssionalty qualified Actuary ijsing the Projected Unit Method. The matket value of the DB Plan assets al the valuation date was £298 million, The valuation of the DB PL4n revealed a deficit of assets cO*wa￿1 with the value of liabilities of £18 milliDn (equivalent tD a past service fvndiro levd of 94°/ol. The Church and the othtr employexs sUPtx)rting the DB Plan a￿ collectively restKJnsib for funding this deficit.The kty financièl assumption5 underlying the valuation were as folk)ws.' RPI price inflat￿n assumption CPI Inflab.￿ assufftptK>n Minimum pensi￿able Income Increases {RPI) Assumed investrnent returns Pre-retiremenl - Post retirement Defwral pensDn irKreases - P￿-April 2(X)9 Post-April 2￿9 PensiDn irKreases Main ￿h￿￿E Pension 3.20 2.70 J.20 2.95 1.70 3.20 2.50 2.70 POst-reti￿menÈ nK)rtality in acc￿da￿e with 800k of the $3NFA and S3NMA taNes, wlth allowanTr for ftItu￿ impKovema)ts in mortality rates frc¥n 2013 in line with the CMI 2019 ctye pro]￿tIorS, with a thg temi annual rate of improvement of 1.750/0 for males and 1.5% fDr lemales, witt) the core sffNxJthing parameter and with additional initkil n￿rtalIty improveynent factor A-0.5%. The ne￿t artu￿la1 valuation of ihe DB Plan within the is due to take not later than as at 31 December 2022. n ac1J￿￿n to the contribut￿n5 to the DC Plan set out 8b)ve, where a valuation ol the DB Plan reveals a defKit the Trustee and the CourKil agree to a rate of der￿le￿V a)niributs'cffis frcmn d7urches and othtr involved in the DB Pkn. Under the curtnt R￿0Very Plan dated 30 September 202CI, deffciery coNtribut￿S are payabk until 30 June 2026. These contributwjns are broadly bas￿1 on the employw's membership at 31 Decefflt￿ 2014 and increase annually in line with in(Te&es to Minimum Pensionable ItL(Mne as defined in the Ruks, However, the Trustee and the Council agreed a 50% red￿tion f¢x all deficiercy contrlbub'on5 paYa￿t behveen l July 2020 and 31 twmLrr 2020. sett￿n 28.IIA of FRS 102 requires agr￿ deficit paymwts to be rKognised as a liability. The movement in the provistin is set out in the tsble below. BalavKe sheet liability at year stsrt Minus defic￿rry (￿tribut￿)n5 paKJ Inte￿st Cost {rec(onsed in ￿FA) Ranaining change to bakince sheet liabillty, (￿()jnISed itb SOFA) Balance sheet liability at year end 39,427 (4,229) 90 29,427 13, 177) 16351 19,800 112,3201 24,574 *ComkYises èny change in agreed defKit recovery yan and (hange in aSsuMptior￿ txtween year-etK15. This liabsllty rewesents the present value of the deficit contribut￿nS agreed as at the ￿coUnting date and has been valu￿1 using the folknwiThJ a55umptions sei by re￿erte to the duratsc￿ of the deficit rea)very ￿Y￿ents.. Page 10 31 Dec 2021 31 t>ec 2020 0.4% 31 2019 1.7% DI￿nt r* 4.1% 3.2% 18 Related Charltles The custoJian Trustee of the church is the Baptst unl￿ Cortx)rtion Limrt&l which 15 charity nUM￿r 249635, and which is controlbJ by the &iptst Unicffl c￿nCil. The church is also a member of the Baptst Union of Great Britsin, and the (state) Batrt]'st A￿￿lat*￿. There We￿ no tran&icbons bets￿n the chuth a￿1 its relat& d￿ritIeS during the year. Page 11