SPALDll¥G BAVTIST CHURCH
CHARITY COMMISSION REGISTERED I¥0. 1130326
STATEMENT OF ACCOUNTS
for ibe vear ended
31ST DECEMIIER 2023

SPALDING BAPTIST CHURC
CHARITY INFORMATION
AS AT 31ST DECEMBER 2023
R¢gist¢red Address
Swan Sireet
Spaldin8
Lincs.
PEII IBT
Trustees
Rev'd Karen Smilley (Chair)
Diane Clay (Church Sccrcthry)
Marian Boxall {Treasurer)
John Chesier
Gordon Gooding
Carol Gricf
Mark Rogers
(iordon (ireen
Kevin Granville
Page 1

SPALDIYG BAPTIST CHURCH
TRUSTEES RF.PORT
FOR THE YEAR ENDED 31ST DECEMBER 2023
'rhe Trustccs prcscnt their rewirt and accounts for the year cndcd 31 st December 2023.
Governance aDd ManAgement
'rh¢ charily %¥as established by Declaration of Tft￿l and is registered with ihe Charity Commission. Number
1130326.
Charity Trustees are appoinied by the mem￿r$ at an Ordinarv Church Metnbers Meeting for a three-year
tem). All Members of the age of 21 or over and who meet the necessary requiremenis are eligible io be
notninated fur eleclion by the church Members. A close family memkr of a servfftng Trustee is not eligible for
appuinlment.
Objeeilves and Acttvities
The objectives of thc Charity are the advancement of the Christian Faith according to the princip1¢5 of the
Flapiisi denominarion.
The Trusiees consider ihat Ihe objeciii¢s and a¢livities of Ihe Charity. are in accordance with the Charity
LomiMi5sion's gcncral guidancc on public bcncfit.
Aetlvltles ind Aehievemen¢s
Church life ¢onlinu¢d as previously throughout 20?3. Sunday worship. Discipleship groups, members,
leadership and trusiee meeting?s all ¢ontinued. Our 2022123 i¥arn) space lias developed and growii into a
Community Cale. scrving a swcei breakfast or mornin8 snack. a hot lunch. bollomless hot and cold drinks,
and ci)n¥ersation. Our illvolvement in the communitrj. of Spalding increased with relationships bein8
estsblish¢d and nurtured. Our iniention has been to develop partnerships wilh local and nalional mentAI healih
chariiies lo build fruitful relalionships in order ihal we mav love our llci¥hiK)ur ihrough 5ibFnposiii)8 10
professionals where appmpriale. Our work in schools also increased. As well as Open the B(K)k and
assembli¢s in local primary. schools. ￿¢ began to support secondarv age cliildren iii a lo¢al a¢ademy in
tackling some common issu¢s and challen¥e5 facing i¢enager¥. by working in small groups lo help str8t¢¥iz¢
and develop coping mcchanisms lo help with rN)or menlal health. bull)'in8 and anti-social behaviour. There
have b¢en further building improvements to th¢ church includin¥ making spac¢s mor¢ user frieiidly and
a¢eessiblc. ?014 pr()misLs lo be an excitin8 year, as iNe cunsider the ￿a￿. fnn*ard and ask yel again. l.ord. how
may w¢ serve you?
Rlsk MAD4gement
The Iruslees have reviewed the major risks faced b), the Charity and have concluded that th¢ systems in place
are suflicient to mitigate Iheir effect. The risks and s)'stems are reviemed and updaied on a regular basis.
Reserves Polic),
Unrestricted general reserwes are held at a level deemed by the TNste¢s to be sufficient to cover the annual
operalioiial costs.
Signed on behalf of the Truste¢s.'
Mrs D Clay
Church Secretary
Dated..
Page 2

INDEPF.NDF.Yr F.XAMINF.R'S RF.PORT
TO THE TRUSTEES OF THE
SPALDING BAvfIsT CHURCH
I report to the charitv trustees on m). examination of the accounts of the Chariry for the vear ended 3 1st
D¢cLmb¢r 9023. which are set oul on p3gcs 4 to 9.
Responsibilities basis of the report
As the Chariiy's Trustees you are resw)nsible for the preparation of the accounts in accordance wilh ￿)e
r¢quirements of the Charities Act 2011 ('the Aci,).
I report in respect ol- tny examination ol-the charity's accounts carried out under section 145 of the Aci and in
carryingT oiil my examination I haN'e follo￿ed all thc applicable directions given by the Charity c.ommission
under ￿etIon 145 {5)(b) of thc Aci.
Independent examin¢r'¥ ststement
I have wmpleted my examination. I confirni that no material matters have come to my attention in
¢unneciion wilh Ihe cxaminalion 8iving me cause lo b¢li¢ve that in any material r¢spcct.'
l ) accountin8 records were noi kept in respeci of the charity as required by seclion 130 of the Act. or
2) the ac¢ounts do noi accord with thos¢ records; or
3) the a¢count5 do noi comply with the opplicable requirements concerning the fomi and conl¢nts of the
aceounl8 ser out in the Charities (Accounts and Reports) Regulalions ?008 other than any requiremeiiis
thal the accounts give a Irue and fair view which is not a mailer considered as pat1 of an ind¢pend¢nt
examination.
I have no concems and have come acn)5s no other matters in ¢onnection with the cxamination to which
attention should be drawn in this report in order io enable & proper understanding on the accounts to bc
reached.
M¢l￿n Price
Irkdependeni Examiner
Dat¢d. 13" m￿LA IA)I*
Page 3

SPALDINC. BAPTIST CHURCH
STATEMENT OF FINANCIAL ACTIVITIES
THF. YEAR ENDED 31ST DECEMBER 2023
2023
R￿tr1ded
Endowmeftt
Funds
Funds
2022
Cpeneral
Funds
Note
Tolal
Total
INCOME:
Giving
Giving- refund5
Donations and iTrihcr income
Rental income
Investment income
75.681
10.74?
75.681
10.742
78.423
12.108
5.676
306
4.1)43
7,640
14.458
102
5.676
357
TOTAL INCOME
IIH.513
4.043
51
108.607
112,781
EXPENDITURE:
Donaiions ro exiernal missions
Miftistry and C)ulrvdch
Paid ¥iiiploJeL's
Building costs
Adminisiration
11.469
12.144
2631
1229
14.100
13.373
13,984
11.247
32.25
16.332
14,938
62.085
8.733
62,085
.733
TOTAL V.XPENDITURE
144.681
3.860
148.541
88.751
GAINSI(LOSSESI ON INVESTMENTS
Unrealised
13491
NET INCOME (EXPENDITURE)
(40.168)
183
163
(39.822)
23.681
TRANSFERS BETWEEN FUNDS
NET MOVEMF.NT IN FUNDS
(40.1681
183
163
(39,8221
23,681
FUND BALANCES BROUGHT FORWARD:
I st January 2023
3.676,173
30
2.301
3,678.504 3.654.823
FUND BALANCES CARRIED FORWARD:
31 It December 2023
3.636.005
213
?,464
3.638.682 3,678,504
m)ies onwges 6 10 9forniparl ofihese accoynLS
Pag8 4

SPALDING BAPTIST CHURCH
sTATEmE￿'T OF ASSETS AND LIABILrrIES
AT 31ST DECEfvIBER 2023
2023
2022
Note
FIXED ASSETS
-rangible filed assets
Jnvestment ass¢ls
3,550.961
3,551 ?81
2,114
3.553,187
3,553.395
CURRENT A56•ETS
Debtors
Cash at bank and in hand
10
14.657
72.132
86.789
26.151
100.362
126,513
CURRENT LIABIL￿TEs
Creditors
12
1.294
1.404
NET CURRENT ASSETS
85.495
1?5,109
3.638.682
3.678.504
FUNDS
Ilnre8tricted fund.q
General funds
3.636,(￿5
3,676.173
Restrieted funds
F.ndowmtDi futtds
213
1.464
3.638.682
Jo
2.301
3,678.504
The financial siatements on pages 4 10 9 1¥e￿ approv¢d by the'l-rusiees on 13th March, ?0?4
and signed on their b¢half b).:
Mrs D Clay
Church Secrelary
Mrs M Boxall
Treasurer
The noles onpages 6 10 9forFnpart ofthese 47c¢ounts
Pa9e 5

SPALDING BAPTIST CHURCH
OTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2023
A. Accountin
Policies
Th¢ principal accounting policies adopted in the preparation of the financial slaiements are set out
below.
{a) Basis of preparaiion of fmancial siatrments.
The findnLial stalcments have been prepared in accordan¢c with applicable United Kingdom
AcLouniing Standards. The). have also been prepared in accordance w'ith ihe Statem¢ni of
RcL()mmended Practice, "Accounting and Rewrting bj. Charilies" published in ?01 S. The
accriials b&8is of accounting has been applied.
(b) Fixed Assets
rreehold properties have been included in ihe accounts ai their insured values. being the values
adopied in the accounis as ai 31 DeL'¢mber 2018. Rouiine additions and replacements to fixtures
and equipment are treated as renewals and are charged to ¢urreni expenditure.
(c) Funds
Endowmeni Funds are funds where th¢ capithl must be maintain¢d, and only tl)e income arisin8
may be used as Cilher resrricted or unreslricied depending upon ihe purwse of Ihe eiidowment.
Designated Funds are funds designaied for a particular purpose. bui ihcy r¢taiii the character of
unr¢slricted fund5 and the ¢hurch is at liberty io apply ihem for general purposes
Restricted Funds cannoi be used for general purwses as the funds have been giv¢n a resiricled
us¢ by thc donors.
Ilnr¢stricted Funds are available for use at the dI￿retIOn of the Truste¢s in fijrtherance of the
general objeciives of the Charity.
(d) Income
InLom¢. offerin¥s and donations are re¢o8nised when recei%'ed. refunds are recognised when
Ihe am(iunts are claimable. l.egacies are reLognised when the ¢hur¢h is legally entitled lo the
amounts du¢. Investmenl and other income is recognised when li is r￿e1ved.
(e) Resourc¢s expended
Amounts re￿ived specifically for missions are dealt with in the restrickd funds ihe liability
for payment is recognised when the aTnoLknis arc received. All other ¢xpenditur¢ is 8enerally
r￿Ognised Nlhen it is incurred.
Page 6

SP.4LDING BAFfisT CHURCH
STATEMENT OF ACCOUNTS
31ST DECEMBER 2023
Donations and Other Incom¢
2023
2022
Donaiions
Warm Welcome grants
Oiher income
Missionari donations
Sutton Si Jam¢s Trust
l¥'als01i's Charity in¢ome
1.571
2,902
9.520
2.601
3,239
869
630
615
16.151
7.640
3. Donations to external misjions
2023
2022
A Paymenis to Home Missions:
BU H(Trmc Mission
Paul and E15a.' Operation Mubilisaiion
3,767
3.921
1.250
5,171
3,767
B Payments to World Missions:
BMS World Mission
The l.epr05y Mission
Mission Africa
Tear Fund
Ilop¢ Now
Mission Aviaiion Fellowship
Othlrs
3.767
1.255
1.255
765
3.921
1.307
1.307
20
1.255
2.036
10,333
2.258
8.813
To¢41 dongtions lo esternxl mission$
14.1iX)
13.984
4. Minlsl
gnd Outreach
2023
2022
New piano
Children, youth and families work
Youth workers expense5
Guest pr¢achers
Aduli Mission
Pastoral care
Ben¢volent work
Travellillg cxpcn%s
Donation - CAP
P&ssover Meal expenses
BU Alrilialion fees
2.611
2.107
345
3,050
304
7.373
985
.279
35
994
1,105
360
560
541
974
937
360
559
13.373
11,247
Page 7

SPALDII¥4G BAFtIST CHURCH
STATE.MENT OF ACCOUNTS
31ST DECEMBER 2023
Paid em
lo
2023
2022
Development Minister
Minisierfs Stipend
Ministerf5 p¢nsion costs
Youth WOfk¢r's w'ages
Youth w(ffker's pension cos
BU Pension defÈcil
2,400
8.250
1.042
17.489
877
2.192
26.062
4.685
18.585
12
in
202J
2022
Lighting and heatin8
Insurances
Waier rai¢s
Council T&x
Repairs and maintenaftce..
Church
Manse
Lhapel Lane
6.297
3.465
1.640
2.338
5.649
IA9
953
38.058
2.?_19
8.048
4.541
550
62.085
16.132
d Inl$tr8tion
202
2f12
Interviews and movin8 expenses
Ministcrial expenses
Conf¢r¢n¢¢s
Printing and stationery
'lelephone. compuier and websiie
Cgpyrighi and music licen¢es et
Renial Property manayemeni
Pwoll scrvice fees
Sundry expcns¢5
6,527
400
1.108
1.089
2.711
787
714
504
1.420
1.025
722
2.304
8.35
2.491
420
614
.7.33
14.9.18
Page 8

SPALDTNG BAPTIST c￿RCH
STA TEMEKf OF AccouNrs
31ST DECEMBER 21123
8. Fixed 48sets
2023
2022
Church premises
Church Manse
Flouse, 19 Chapel Lane
Equipmcnl
3.154,705
?47.695
148.561
3.154.705
247,695
148,561
320
3.550.961
3.551.281
nvestmeDI assets
2023
2022
Charity Fixed Interest Fund
2,226
2.114
2.226
2,114
10. Debtors
023
20
InLome lax rcp8yments
Oiher debtors and prepaymen
10.500
4.157
2.500
-3.651
14.657
?6.151
11. Cash At bank and in hand
2023
Llo)'d5 Bank accounts
HSBC Bank accc)unls
COIF Charities Deposit Fund
Cash in hand
5,333
27,224
39,431
144
39,467
56,770
4.112
13
72.13?
100.362
12. Creditorn due within one
eAr
2023
2022
Other creditors
Pension lund
.294
877
1.404
Page 9