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|||Page|
|---|---|---|
|Statement
of Finanaal|Accvltles||
|Balance Sheet|||
|Notes to the Accounts||9- 16|
|Independent
Examiners'|Report|17|
##
|||||Notes|Unrestricted
Funds|Designated
Funds|Restricted
Funds|Tots!Funds
2023|Total Funds
2022|
|---|---|---|---|---|---|---|---|---|---|
||||||6|6|6|f|6|
|Income and expenditure||||||||||
|Incoming
resources||||||||||
|Personal
giving|||||118,581|||118,581|112,942|
|Tax recovered
on Gift Aid|||||28,221|||28,221|24,639|
|Bank and Building Society Interest|||||317|||317|14|
|Premises
hire and sundry
income|||||13,883|||13,883|7,516|
|Restncted
givmg - missions|and|donatrons|||||19,551|19,551|17,292|
|Restncted
givmg - other|||||||72,266|72,266|52,347|
|Designated
gnnng
—other||||||6,745||6,745|26,669|
|Total incoming
resources|||||161,002|6,745|91,817|259,504|241,419|
|Resources expended||||||||||
|Direct charitiable
expenditure|||||158,192||190.423|348,615|204,534|
|Expendrture
from Drganisations||and events||||||||
|Total Resources expended|||||158,192||190,423|348,615|204,534|
|Net Income i (Expenditure)|for||the year||2,810|6,745|(98,606)|(89,051)|36,885|
|Transfer between
funds|||||(3,682)|(26,349)|30,031|||
||||||(872)|(19,604)|(68,575)|(89,051)|36,885|
|Other recognised
movements||||||||||
|Pension
deficiency
interest cost|||||(595)|||(595)|(212)|
|Actuanal
change to balance|sheet liebgty||||19,521|||19,521|901|
|Net movement
ln Funds|||||18,054|(19,604)|(68,575)|(70.125)|37,574|
|Balances brought
forward at|Isi|Apnl 2022|||78,222|29,219|1,986,487|2,093,928|2,056,354|
|Balances carried forward
at|31st||March 2023|8,9 & 10|96,276|9,615|1,917,912|2,023,803|2,093,928|
|There were no other recogmsed|||gains and losses|||||||
##
|||||||Notes||2023||2022|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||6||6|
|Tangible fixed assets||||||||1,944,944||1,946,593|
|Current esseta|||||||||||
|Debtors|||||||15,576||26 778||
|Short term|deposits||||||68,986||108,801||
|Cash et bank and||in|hand||||45,467||47,381||
||||||||130 031||182,960||
|Liabilities:|amounts||falhng due|withm|one year||||||
|Cretii'tora|||||||(9256)||(15,125)||
|Net Current|assets|||||||120775||167,835|
|Total asseta less||current liabilities||||||2,065,719||2,114,428|
|Liabilities:|amounts||falling due|after|more than one year||||||
|Credrtors||||||71||(41,916)|||
|Defined benefit pension scheme||||liability||||||(20,500i|
|Net assets|||||||||||
|Chantable|Funds||||||||||
|Unrestncted||||||||96,276||78,222|
|Designated||||||||9,615||29,219|
|Restncted||||||10||1,917,912||1,986,487|
|||||||||2,023,803||2,093,926|
##
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||A0 expendrture
ex|cept for malor|cept for malor|expenditure
on property|,
is chargtxf as direct cherrtable|expenditure
in the year w|hich
it is incurre|d,
end is not|capntaaed||
|---|---|---|---|---|---|---|---|---|---|---|
|2|Direct Charitable|Expenditure|||||||||
||||||Unmstncted|~esrgnated|||||
||||||Fuiids|Funds|Restncted|Funds|Total Funds 2023|Total Funds 2022|
||Staff Costs||||||||||
||Mimster and mense||||42,981||||42 981|33,608|
||Church
administrator||||13,249||||13,248|13,256|
||Mission to Seniors||||10,962||||10,862|14,900|
||Children's
worker|||||||||19,677|
||Youth worker||||13,47D||||13,47D|13,219|
||Bookkeeper||||7,679||||7,679|9,558|
||Caretaker/Cleaner||||||||||
||Total staff costs (see Note 3 below)||||88,24D||||88,24D|103,218|
||Other Costs||||||||||
||Bspbst church premises||expendaura||32,690||170,915||203,605|45,040|
||Management
and admmistrebon|||costs|10,37D||||10,370|6 075|
||Youth end children|||||||||608|
||Outreach||||751||||751|(316)|
||Music end PA equipment||||3,926||||3,926|4 377|
||Ministry Tre ning||||949||||949|1,447|
||Other ministry
end|acbvrbes|||2,366||||2,366|2,602|
||Missions end donetrons||(see Note 4 below)||18,900|||19.508|38,408|39,483|
||||||158,192||190,423||348,615|204,534|
##
|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|Staff Costa end T|rustees Expense|s||||||||2023|2022|
|Satanas||||||||||73,452|84 SSD|
|Social Seonrhj costs|||||||||||293|
|Parlslon costs||||||||||9,631|12,575|
|Manse costs||||||||||4,9D3|5,621|
|Other costs||||||||||254|149|
|Total||||||||||SS,240|103,218|
|The average
number ofemployees||dunng|the year was|||||||||
|No employee
received emoluments||m excess off50 000 dunng||the year|No sums were mimbursed||to the|Trustees for|their uork es Trustees.|||
|Missions ahd Dohatlona||||||||||||
|||||Unrestricted||Deslgmlled|||Re stn cted|2D23|2022|
|||||||||6|||6|
|Home Mwsion|||||2,000|||||2,000|3,8DD|
|BMSWodd Mission|||||I,DDD|||||1,000|3 SDD|
|City Centre Cha plein|||||I,DDD|||||1,000|I 150|
|Street Pastors|||||1,000|||||1,000|1,000|
|Heel Afnca|||||||||I 050|1,050|1,050|
|August and Anrta Besson, AI.M|||||1,400||||1,350|2,750|2,550|
|FaSowship
Fund|||||||||1,570|1,570|2,26D|
|Beny and Heather|Mann||||6,10D||||8.059|14,159|12,738|
|Becky Sleds|||||1,700|||||1,700|1,756|
|lan and Emma Pickett|||||4,100||||1,050|5,150|5,050|
|Grotnnp
Natmns|||||||||4 263|4,263|2,193|
|tDngdom
Business||||||||||||
|Other donetmns
under 61,000 each|||||60D||||2,166|2,766|2,136|
||||||18,90D||||19,508|38,408|39,483|
##
||||Equipment|Church|Manse||Total|
|---|---|---|---|---|---|---|---|
|At I Apnl 2022|||8,246|1,789,996|150,000|1,946,242||
|Additions||||||||
|At 31 March|2023||8,246|1,789,996|150,000|I|848,242|
|At I Apnl 2022|||1,649||||I 649|
|Deprecation|charged|in lhe year|1649||||I 649|
|At 31 March|2023||3,298||||3,298|
|Carrying
amount||||||||
|At 31 March|2023||4,948|I 789996||||
|At 31 March|2022||6 597|I 789,996|150,000|1,946,593||
##
||Accrued
men|me||
|---|---|---|---|
||Prepaymants|and other debtors||
|7|Creditors:|amounts|falling due within one year|
||Other creddom|||
||Acc rue la|||
||Buildng fund|loan from|members|
|7.1|Creditors:|amounts|taglng due after more than one year|
||Buildng fund|loan fmm|members|
##
|9|Designated|Designated||Funds||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||Balance et|Transfer||Movement|m resouram|||Balance et|
|||||||1 Apnl 2022|between|fund|Incoming||Qutg|an g|31 March 2023|
||||||||||f|||f||
||Producbon||of mwsion||resources to seniors|1.845|||||||1,845|
||Working|vnth||children|and families|705|||||||705|
||Children|2||||320|||1,089||||1,409|
||The Link||||||||5,656||||5,656|
||Building|fund||||26,349|26|349||||||
|||||||29,219|26,349||6,745||||9,615|
##
|Restnc|ted
Funds|||||||
|---|---|---|---|---|---|---|---|
|||Balance at|Transfer|klovement|in resources||Batanrw et|
|||1 Apnl 2022|tetween
fund|Incoming||Outgoing|31 March 2023|
|||E||E||E||
|Fixed asset fundsi||||||||
|Church|premises|1,789996|||||1,789,996|
|Mense|(senior mmwterl|150,000|||||150000|
|Other funds:||||||||
|Mwsion|& Donations|18,921|(4,3181|19,551||19,506|14,tt46|
|Future|Prolects|27,570|34,349|72,266||170915|(36,730)|
|||1,986,487|30,031|91,817||190,423|1,917912|
##
##
##
|to contnbute
a lum|p sum of80|.5m by 31|December 20|20
The current
Recovery
Plan|dated 30 September
|
|---|---|---|---|---|---|
|The key financia|essumpuons|underlying|the valuation|were ss fogows||
|Type offinancial|aaaumptfon||||%ps|
|RPI prka. Inflation|essumpbon||||320%|
|CPI pnce infiabon|assumpbon||||2 70'4|
|Mimmum
Pensionable
Income||Increases||||
|(CPI plus 0 75'4 pa)|||||320%|
|Assumed
mvestment
returns||||||
|- Pre-reurement|||||2 95%|
|- Post-mtirement|||||1 70%|
|Deferred
pension|increases|||||
|- Pre Apnl 2009|||||320%|
|- Post Apnl 2009|||||2 50'4|
|Pension increases|||||2 70'4|
##
##
|on 30th June 2022 the Baptist Pension scheme signed|on 30th June 2022 the Baptist Pension scheme signed|on 30th June 2022 the Baptist Pension scheme signed|on 30th June 2022 the Baptist Pension scheme signed|an agreement|an agreement||wrth the msurance|wrth the msurance|wrth the msurance|company Just|Group ('Just') to|secure DB Plan members|pensen|pensen|benefits|Just are now prowding|Just are now prowding|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|hnenrual
backing for afi pensions
provided|through||ttie Scheme's||DB|Plan and fofiomng||||the transacbon,|the Scheme no longer has 6 shorlfeg. An||updated|Recovery||plan vms then signed|ln|
|August 2022 under which recovery contnbutmns
from each parlimpsting|||||||employer|m|the|DB Plan reduced to El per month||from August 2022||||||
|Movement
ln Balance Sheet Llebgtty||||||||||||||||||
|Secbon 28 11Aof FRS 102 requires
agrmrd||deficn|recovery payments||||to be recognised|||as e Imbauy||||||||
|The movement
in Ihe provision
is set out|in|Ihe table below||||||||||||||||
||||||||||||||||2023||2022|
||||||||||||||||6'|||
|Balance sheet liabdrty at 1 April 2022|||||||||||||||20,500||25,635|
|Minus defktency
conmbutlons
paid|||||||||||||||(1,574)|(4,646)||
|Interest cost (page 7)
Remaining
change to balance sheet Irabfirty||(page|7) '||||||||||||595
(19,521)||212
(901)|
|Balance sheet lwbihty et 31 March 2023||||||||||||||||20,500||
|' Compnses
any change
in agreed oefimt|recovery||plart end change|||in|assumphons||between
year ends.|||||||||
|Accounting
date||||||||||||31 Msrcti 2023|31 March 2022|||31 March 2021||
|Dwcount rate||||||||||||5 69)|||3036||094|
|Future increases
to Minimum
Pensionable|Income|||||||||||3 4)k|||4 936||35'4|
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