Registered Charity no. 1130582 Union Baptist Church Trustees. Annual Report and Accounts Year Ended 31st December 2023 Union Baptist Church Yéar Endod 31st December 2023 Contenls Page Page Legal and Administrative Infomation Trustees. Annual Report Independent Examiners Report 10 Statem8nt of Financial Activities 11 Stat8ment of Financial Position 12 ststement of Cash Flows 13 Notes to the Financial Statem8nls 14 Union Baptist Church Year Ended 31st December 2023 Legal and Admlnlstratlve Informatlon R•f•r•nc• The Charity is Cal￿d"Union Baptlst Church. and is registered vith th& Charlty Ctsmmisskjn for England and Wales. R•g1St•r￿ Charity Number 1130582 R•glst•r•d Offle• Easlon Street High Wycombe Bucks HP11 1NJ The Tru•tM• The trustees vtho served durlng tha flnanclal year ending 31st December 2023 are as follow8: Gary Hamihon Sheen8 Dykes CatheTin8 McN8rn8y Roger Mundy lan Manktelow Thornas Burrningham Karèn 88tès Andrèw Wingfi•ld Stephèn Weston Anthony Croft Judith Hamilton Roger Pantridge Rev Malcolm Hazell Judy Pantridge Helen France Sarah Atsvell Jennifer Rwke Mark Dykes George Haln8s RfjstigrJ&d March 2023 Resign&dAugust 2023 Appointed March 2023 Appointed March 2023 Appointed March 2023 AppoAnledJuly 2023 Appolntèd M8r¢h 2023 Prop•ity Holdlng Tru8t8•s'. Church.. Baptist Union Corporation Lld wlih Un 88PtI8t Protwty Trustees M8ns¢'. Baptist Union Corporation Ltd Union Baptist Church Year Ended 31st December 2023 Legal and Admlnlstratlve Inforniatlon Prlmary Bank•rs BardayE Bank PLC PO Box 41 High Wycombg HP1126G CAF Bank Limited 25 lQn95 Hill Avenue Kings Hlll Wèst Mailing, Kent ME194JQ Ind•p•nd•nt Ex#mlngr Nigel Wyatt BSC FCA Wyatt & Co Chartèrèd Accountsnts 125 Main Street G8rforth Le8ds, LS25 IAF Union Baptist Church Year Endèd 31st Decembor 2023 Trustees, Annual Report Structure. governanc8 and management The Church is govemèd by its Foundation Trust D$ed128 March 18451 aThJ Its Conslrtulion119 May 2009}. The Charity is an unincorporated association affiliatèil to Ihe Baptist Union of Gr&8t Brftain. The Managing Trusiees are appolnted by a Church Members Mèeting. Church Ministers. 8s M8n8ging Trustees, are app￿'nt&d by resolutKJn ofthe Church Mernbers at a Special Church Mernbers Meeting. Objoctlves and Actlvltl•$ Objects of tho Charlty: The principal purpose of th• Church 15 thg advancemont of tho Chr55ti8n fath according to thè prlnciples of th¢ Baptist denornination. It is affiliated to the Baptist Union of Great 8rrt8in and is also a memb$r of the Ev8n981ical Mliance. The Church may also advance education and cary oul other Charitab￿ purposes in the United Kingdom or othér p8rt5 of the worfd. Th• Vlsion of thg Church 18: To see HvJh wYcom￿ transfom)èd by God through HIS kwlng. swing and woishipplng ehurch. Actlvltlè$: In ftjifilling its purpose, the Church engag9$ in 8 range of actfvmes e+ther on Its own, or with others. that wlll vary from time lo time with activities bèing initia¢edlexpanded or closèd as appropriate. The activities may indude. bLtt ara not restricted to.. Regular public worship. pra￿r. Biblo study. preaching and teachStYJ Baptism by immersion Communlon ol the Lord's Suppor Evangelism and mission Children and young peoplè's chriSt￿n disciplaship Education and training for Chrlstian and wmmunity service Pastoral carg Supporting and 9nwura9ing charitable social adon In th& Unite(l ￿ngdorn and abroad Working with other Baptrsts and Christians Publlc Benefft: In planning the actNili8s of the charity, the Managing Trustees hava considgred the guidance on publlc benefit issued by th& Charity C(xnmission and in partteular the speclfic guidan¢• on tharities for the advanc*m•nt ol religion. Publlc B8nefft art￿lt￿3 We promote the central truths ol the Christian faith through our many Ministries and TèAm$. 8$ well as through our regular Sunday worship s8rvicè$ and acfNities. We serve our local community in High Wycomb8 through our many community links and actNiUg$. Our building8 are very well used by the communty to wh¢)m the k)ve of God is shown and démonstralgd. We seek to make our premises and aetivitss as accessible as possible so that all can bèn$fit. Many ofour members are involved in local ¢omrnunty-based actNities e.g. High Wycombè Child Contact Cantrè and Ch8plainiigS. Wa run ehurch-ba$$d activibes for the lonely and vulnerablè. We supwrt Wy(x)mbe Homeless Connection. We fund and support Chrisoan mis$h)n in other countries, provhling help and support to those in Union Baptist Church Year Endèd 31st Decomber 2023 Trusteès, Annual Report Our church motto tsxt for 2023: 'M8y tho God of ho￿ flll you wlth all Joy and peace as you trust In HIM.. {Rornans 15.13) A¢hievomonts and Porfonnance At the start of the year, we agraad a set of practical 8nd aspirations for 2023. 8hown b&low. The commènts in italics beneath èach show how well we met these objectlv&s. Our focus for 2023 was whole life disciploshlp. 1. This main aspiration will be taken forward by the launch of LIFE ILiving in Faith Everyday) groups in Seplemb&r. Training will be offered to ptstèntial leaders in January and June ¢0 develop naw skills to encourage a degper discipleship. The V15ion lor LIFE groups h8s been shared with current and potential small group19ad8rs in late 2022 and January 2023 and will ba shared more wid6ly with thg felh)wship in June with tha opportunity to enrol in a LIFE Group in earfy Septembar. Following a process of solectlng ondtr8ining lead&ts anLY shèring the vision with thè church, nine LIFE Gmups We￿ launched in SeptènJb8r. W& now have appmxim8tely 5LPA more peoplo 8rtiwly engagedin our church small groups through LIFE Groups which meet with an Antenlional focus of applyin9 Gods word and èn¢our8ging one anotherto Live In Faith E￿ryday. 2. Tho February weekend at homg will have th8 theme of Finding Frontline Confldancè to b& dksThples ofJ8su$ in times of crisis and everyday lrfe. Our speak&r will bè P8uI Woolley. who is thè Ch￿1 Executive of the London Institute for Contemporary Christianity whose rninisty is dedicated to wholg life discipleship. Th8 Weekend at Home w8s è grè8t success with 123 attending. Paul Woolleygave us Iwo 8xc&llenl t8achlng sessions and our ¥vorship was 18d by Syndesis who also led 8 rn￿￿¢ wort(shop alongsldè other actiwties ¥Yhffch attend&&s could opt into. The focus on 'Confid&nc& in the G(￿pe1. continued ift Iho Sund8ymoming wotshp as Joèl Phillips preached and challengèd us 811 to grow in confidence whereverour fronlline is. 3. Our Lent sermons, home group notes and daity wadlngs will reinforce the main th8mè of Confidence on our frontlines and confKlgnce in the gospel. Our Lent series explomd Var￿U$ 8spgcts OfgM￿￿g in Conf￿0￿ce 08 we seek to share tha S￿0d news of Jesus on our frontllnés,. this helped to prepare the ground lorthe 18un¢h ofLIFE groups in Ihe autumn. (se& no. l above) 4. We wlll contlnuo the regukgr This Time Tomorrow slots in serv￿eS in order to mod81 an¢J encourage the fellowship to see how Chris14ike disciplèship is worked out in Ihe ￿al wodd. This T￿￿8 Tomorrow took pl8Ge fwe bmes ￿ moming s8Nicès 2023 and continued to ￿ suc¢&$sful in supporting thosts in18￿l￿W&d and encouraging the felk•wship to Cljrist-like d￿cipleS￿1p in people's lives. 5. In order to makè dl$oplo8 In Ihe next generation ￿ ar& wking Iwo new part time appointmgnts.. ¢x)e ehiklrèn's and families workers and ihe othar. a youth worker. W& h8v• $uccessfully made an appolntmont forthe Ch￿Ire￿ and Young Famllles w0￿￿rro18. jack￿ Rham was &pw"nted to the role in May and has made 8 V8ry encouraging start as sho has grown into the mle and de￿loped otjr ¢hildren s minislry and team. We h8vb not been 8ble to fill the Youth Wortèr vacancy but wo aro vory thankful to our team of voluntaaryouth leaders whKh has grown dunng 2023. Union Baptist Church Year Ended 31st December 2023 Trustees. Annual Report 6. Wg hope to take lO￿ard th& ￿VIng Stones Project ¢Juring 2023. This will provKlè a welcoming and flèxlblo btjilding that will serve Vnion Baptist Church and our town. Work comm&nGed on our Livlng Stongs Project in Seplembèr2023. By the end of the yèèr, pews and the old sloping 11(K)rhad been mmovèd, th8 bas& fora new lo￿1 floor was place. part oftho b8kony cut back to make h8&droom fora largerplalform, brickwork cut back to mak& way fora new disabled a¢¢es8 doorway to what will be a new welcome are8 that has already bgen ertl8rg8d by thr8e smallerro(xrJs being made inlo on$ 18rger8rea. Wort W￿lcOntinU& Into 2024 with an antKiP818d finishing date sometime In September of the samo year. Reflections from the Church Leadershlp on 2023 2023 motto texl: May tho God of hope fill you wlth all joy and peace as you trust In HIM, (Romans 15.131 Church Secretary's Roport 2023 Our focus in 2023 was whole-lile disupleship and our Plans and Aspirations were linked to this th8me as we sought to d6tp&n our spiritual lives as a church fellowship and build a new worship spaca for the future. LcK)klng back over the year we can see how wè m$1 these 8SPITations and thank God for Hts wondethl and faithful provision. Our Wgok of Prayer in January sought to str8n9thon 8nd deepen our faith and our dBlly dèpendence on God. It also helped us to be more awar6 and intentional in how we view our Iiv6s. Our faith an(J worship a not confined to Sunday worship but we are living out our faith in every situation that we are in throughout ihe week. wheiher in OUT families, our work. our fri8ndships. our neighbourhood or our intèrèsts. This continued into February as we had another v&ry successful Weekend@Horne. Paul Woolley, CEO of LICC {London Institute for Contemp(nry Christiantyl. spoke with great challenge on thg therne of "Finding Frontline Confidence.. We had a most ènjoyabla timg together a5 we shared in the various acttviti0s and game5 and were led in worship by Synd$sls. The p￿achIng seriès on Confidence in Ihe Gospel which ran through to Eastèr grounded us firmly in the solid I￿jn(la￿0ns of our faith. E8st8r was the usual deeply meaningful p&rK)d ol th8 y88r as the truth of the Cross and th$ RasurT9Ltion were proclaimed. We reached out to Poop￿ on the Rye and held a mosl successful Holiday Club called 'Restoration Slation. with a full house of 80 childrén ol Primary Schod age and a volunteer team of over 40. There was greal1Snklng with parents. 8 large number of whom attended the final all-age service. Malcolm Hazell. our Senior Pastor, inlornied us of hls de¢tsion lo stsnd down from hls ministy at the and of August. He h8d served us faithfully through the èight years ol his tim8 with us, steering us through th$ challènges (>1 Covid. enthusing us through the Living Stones Projoct. Chall￿gIng us through his excellent and syst8matic pr8aching of God's Word, drawing together a committ8d anrt unthed leadgrship team, rocruiting Andrew Wingfield to be our Assoaate Pastor, bèing a wisg 8nd compasshjnate pastor to many and building us up in so many other ways too. Wa wèrè saddaned by his decision but we wished hlm wall and thanked him in a S￿la1 ￿ant at th8 9nd of A(Jgust. God had blessed his ministry with us and we sent him and Dawn off with our love and best wishès In the next phase of their Iwes together in His servic&. We are blessed by havlng Andrew Wingfield as our AS$￿￿9te Pastor and the Church agmd vthdèheartedly for him to step up to the role of Interim Lead Pastor frorn Sgptember. Under his leadership and ministry h0 has maintained and buitt on the fimi gr(￿ndIng that Malcolm had established. We have se&n eontlnuéd growth in many areas as th• f8llowship has grown doser togelher as we transferred to the Mamorial H811 a$ our temporary w)rship spac8 untll thè Living Stones building work is cornpleted. Union Baptist Church Year Ended 31st Decembor 2023 Trustees. Annual Report The start of Sèptgmbgr also saw the launch of th8 new LIFE groups. We now havè 50% more ￿0P actw&ly engagod in our church small groups which meel to appty God's word and to Èncourage another lo'Live In Farth Ev8ryd8y". This had been supportad by training sessions and peer-montoring groups for leaders. Cme ofthe most Slgnificant 8v8nt5 of the year was ihè move from our chapel area along with the associated rooms on both the ground fioor and first floor. This had teen stsrted previously with thè removal of the organ but with the signing of the contract wrth Beeks the buildèrs and the planned start of works at the bgginning of Saptamber th8 whole of the chapel area had to be cl8ared, induding the removal of thè ground fl¢J)r pews. There were several weeks of weparatory wtsrk culminating with a work party day which saw many ol the followship joining together to achi&ve tha monumentsl task of removing all remaSning èquipment and fumiture to the Memorial Hall for tho satting up of that space lor our weekly $6rvices, including transferring all the audiTrvi5ual and Iwe-streaming equipmènt to the new'sound desk" ar&a at the rear of the hall. Other aquipmgnt had to be housed in various storage arèas which preV￿usty had had lo be daarod. Al rgdundant items filled a huge skip. This was a great ex8mrAa ol coming together with purpose lo servè Ihè fellowship and our Lord and we would likè to récord our thanks to all vtho worked so hard to coordinate. prepare everyihing, set up all the power and •16drics, as well as all who gave ol iheir time and end8avour in so rnany ways. W• would likè tr) thank 8spe¢ialty Aubrey Dunford and Roger Coatès for Ènsuring all cabling was removed and the n9w set up in the Memorial Hall achieved., but also th9 propety team. led by Steph8n Weston, the Hub Team 16ad by Lynn Manktelow, the Living Stones group le(1 by Colin Hutt, the Worship Team in coordinating the tnusical 5gt up in the Memorial Hall. and Calvin Prentlca in ov$rseeiry the removal and sale of pews. W• thank all who helped in whatever way- what seemed impossiblè became posSi￿e and w8 givg V)anks lo God for thall Ou￿ng th& ytr8r th& church ￿reed lo begin the process of becoming 8 CIO Ich8rilal￿g Incorporated Organisation} and this wll be ongoing during 2024. This is seen to be adv3nt398ous for vs a5 we move lorw8rd. Th8 usu81 Christma5 events were well supFM)rted and w& praisè God for baing able to hold all our various services in the Memorial Hall, inclvding Ihe Carol serv￿ both in the moming and the evening. As a churth we continsjed to support many ktal groups and ￿￿niS•ll0nS in HvJh Wycomb8 ajongside our Community activ￿.8$. This support in both prayer and finarth r8ach85 Out to Crisis 8rea5 of the worfd as well as to our linked mission work&rs in ovars&as sgttings. May our eyes continue to be focused on our broken worfd and not just on our local area. We gNe thank5 tr those who have served us in ministry dLtring the year- Malcolm and Andr￿ for their leadership, o)mmrtment and service up to September, And thèn Andrgw from Sgptember onwards. God has b￿ssed us richly. Our thanks go too to our varitius 18y pr&8chers who have preached the Word both to us and to othèr Ictal churd)ès. It was grèat to welcome Jackie Rham on lo our staff team as our Childrgn and Families Worker in June and to see her settling so well into her role. We also had the joy ol having Chris Manktelow 85 our Ministry Tr8in8e for th8 year. He o)ntributed greatly lo Many ol our ministry opportunitl8S and challenged hims&W in areas wherg he m8y not have been so confident. We wish him ￿11 in his new rolè wsth BMS. Our admlnistration tèam and all our paKI grnployees SUPPOrt the work of the church so effectivety and w• thank tham for 811 that thèy do. Bo oncouraged by 811 that has i*en achieved in 2023. May we b8 filled with all joy and peaco as wa trust In Him and l¢x)k forward to all Ha will do in 2024. Roger Panlridge, Church Secretary (Admin Elderl Union Baptist Church Year Ended 31st Dec8mber 2023 Trustees. Annual Report Plans and Aspirations 2024 Bas8d on our Strategic Plan for 2024.. Player We will continue OUT commltment to Pf8yer as the bedrock of $vèrything we do, increaslng our t￿8 on praying for those we want lo see becom& disciples. A week of prayer wlll bè held in June. owing as Disciples Following the Sl￿0$s1ul launch of LIFE groups in 2023 wa will in¢r&88e the number of thes& groups which have an intentional focus on encouraging equipping one another to livè in faith everyday We will hold a Wèékend at Home in February to hèlp us grow together as a church famlly and closer lo God as we expk*re Ihe themè 'Togeth#r on Mission. Discipbs who Makg Di8cipIg3 We wish lo enabb peD￿e who we already sge Of know lo tske steps closer to Jesus. Th1$ Includes Providing trainlng on to Share our faith, increasing the opportunities lo invite people into a Christkan ¢ommunty e.g. Flt for Lrfe, Coffee and Chat. and creats'ng spaces where PèOKA• ¢an share their own faith Joumeys a.g. lunches lor parants at Babi85 and Toddlers. We wish to meet needs and build relationships through our Communty rninisty. This will includ• axpanding our team sorving in our Job Club, launching a CAP money course and d8V81opin9 plans for our new worship space and coffee area to b& used to sèw our community. We will seek to make d5s0p￿s of chlkjien arKI young people by encouraging and equipplng our children and young pooplè to sharé th8ir f8rth. To provide opportunities for them to invttè ththr friènds into an engaging Christian community such as East8r Hdiday Club and a Youth Weekend. To grow new relatN)nships with children and families through links with a local Primary school. EnablSng Struclur¢s We will cornplete Phase 1 of constnjction oftho LI￿n9 Strjngs Projs¢t to transfo￿ our chapel and provld& now walcorne I rA)ffg9 Space. Wg will proceed with the appoinlrnent of a Senior Pastor as p8rt of tho ministerial team. Union Baptist Church Year Endod 31st December 2023 Trusteos, Annual Report Flnanclal Rovlew W* have been very blessed by the generous gNing of God's people here at UnK)n ovèr the last year, in what ha$ no doubt been a difficult period for many poople financially. That gwing has not onty supported the day to day running ol th8 church but also enabled th& Living Stones Project to start on site. It mèans we h8ve been able to contlnuo to support the wide range of ministries in the church. OUT paid staff, run our axtanslV9 property and be able to support a range of other partners in the work of Christ in HvJh Wycombe. elsewh•rè In the UK and across thg worfd through our support of intefnatK>nal missions. In monetary tems, totsl giving in 2023 was nearty doubl that of 2022, due primarily to the generous support for the Living Stones ProjecL Headlines from the 2023 financial year are.. Total gfving including grft aid was £610.976, of which ovar half wa$ to the Living Stones sanctuary redgvek)pmenl project Rentsl and rèlat¥d income lotalled £68,708. well above bud Total eXpendI￿re laxdudlng Livlng Stones} amwnted to £285,721, over £40,000 bdtsw budgel Th& General fvnd stsnds at £101,589 at the and of 2023 erall. exduding Living Ston&s proj8¢t and (*anges lo fixed as5el values, Ihere was a surplus of £30,339 income over expenditure The Livin9 Ston8s sanctuary r¥d$v91opmenl project started in 2023. In 2023.. A totsl of £3T7,646 Inco￿ was received towards the project dudng thè ￿ar There was £285,328 expenditu￿ on the proje¢t, rnoslty the payments to our contractor Beeks for the work they have undert8ken to date At 31st D&¢ombgr 2023 there were £970.006 fvnds remaining fof the projoct Reservo5 Pollcy Rg8ervg9 The church has a reserves poly vthii* was updated In September 2021. As at 31st Docember 2023 there was £42,535 in the reserves aco)unt. The required level of r&seNes calculated against th• rosthv¥s poh'¢y was £42.411. This is within of the 5% tolerance specified by thè ptsli¢y. In addition, In 2023, a Llving Stonos R•sèrvè of £60,000 was ns are reviewed on an ongoing basis. Revislons to 8cwunting estimates are recogni5ed in the period in wh￿h the estlmat& is r&￿s￿a where the revision affects only that pèriod, or in the period of th8 reViS￿n and future periods where t f*￿$￿n affècts both currènt and luture peri¢)Ys. 16 Union Baptist Church Year Ended 31 st December 2023 Notes to the Flnanclal Statements 2 Anafy$l$ of Incom• unrestn.ctod Endowment Restrictgd Totsl Funds Funds Funds Funds 2023 Ineom• Frorn t)onatlons and Off•rlngs Donations and gifts Grft aid L898¢19S Grants 21S.089 32,615 1,000 315,008 47,264 $30,097 79.879 1.000 248,704 362,272 610.976 Ineome From Charttable Actlvltl•s Chufch Èetivty and events income Weddlngs and funerals income RTh)m hire income 1,799 110 66,708 1,799 110 68.708 70,617 TO,617 Income From Inv•stm•nts Interest receivable 12,134 12.134 12.134 11134 Total Income 331,455 362,272 693,727 17 Union Baptist Church Yèar Ended 31 st Dècembar 2023 Notes to the Flnanclal Statements 2 Anatysls ot Income (Contlnuedj Unr•stricted Endowment Fund3 Funds R•strkte(l Total Funds Funds 2022 Incoma From Donatlons and Off•rlngs Donations and gffts Grft Legacies Grants 226.615 34.379 2.000 41,451 9,272 268,080 43,651 2,000 262.994 50,723 313.717 Income From Charltable Actlvttles Church adivity arTrd events irwmg Wgddings and fungrals irKome Room hire income 1.918 3.114 52.018 1,918 52,018 57,050 57,050 Incom• From InV￿tM•nts Interest receivable 2,712 2.712 2.712 2.712 Total Incom• 322,756 50.723 373,479 18 Union Baptist Church Year Ended 31st December 2023 Notes lo the Flnanclal Statements 3 Expondltur• On Charltabh Aetlvltl•s By Fund Typ• Unrestricted Endowment Funds Fur¥Js Restrthd Total Funds Funds 2023 Ministry Administr8lK)n Premises costs Mission donatlons and grants 106,836 74,386 60.589 43,108 8￿) 105 285,244 107.638 74,491 345,833 43.108 284,921 286.149 $71,070 Unr&StriCt￿ Endowment Funds Funds Restrl¢ted Total Fund$ Funds 2022 Ministy Administrallon Premises costs miss￿ donations and grants 121,514 61.995 112,505 39.59) sso 135 37.578 122,064 62.13Q 150.083 44.88D 335,604 43.553 379.157 Premises costs includes 8 £91012022.. £9111 deprery8tion charge in 2023. 4 Ind8p•ndont Examlnatlon Fe•$ F••s paydbl8 to the indwndent examiner for.. 2023 2022 Indep8nd8nt gx?mination and prèparatkn of the ffin8[￿al statements 2,400 19 Union Baptist Church Year Ended 31st Décember 2023 Notes to the Flnanclal Slatements S Stsff Costs The total staff costs and gmployp& benefits for the rèporting ￿rIOd ara anatyS8d as folk)ws'. 2023 2022 Wages and salarles Social securty costs Employpr contribution$ to p8nsion plans 120,466 4,095 6,752 132,268 S,910 6.591 131,313 144,767 aver899 he&l¢ouni of eM￿oYeeS during the ￿ar was as fdkm.. 21Y23 11 2022 Average headcounl No 6mploy￿ received employee benefits of more than £60,000 durirvJ the year. The Charity also utilised the services of some seLf-emFloyed ¢onlr8¢ttrs durlng the y&8r. Key Manag•m•nt P•rsonn The charity considers its key management P8rsonnel lo te the Ministers. The tclal remuneratlon received by key managgmgnl a$ fdbws.. 2023 2022 Key management personnel gm[A0￿ bongffit 51,773 60.078 8 Trust•• R•mun•ratlon and Exp•ns During ihe year trustees received reMUnerat￿n and other benefits in respect of their services as Ministers, induding th8 provision of manse accommodation. on• bèing own*d by th8 d)urch and th• other being renled by Ihe church from the Mir+ister and his spous9. Remun8r8tion and other benefts were paid in accordance wth the church constibjtion and bolh are not remunerated lor the role as Irusttrts. The lotsl ¥gmuneration r￿e[Ved during the year including employers national insurance aThJ emplosers pension contribution was as follows. 2023 2022 A Wingfield H8Z811 (Jan 2023 toAug 2023) 37,435 23,172 32,677 36,828 20 Union Baptist Church Year Ended 31 st Dècember 2023 Notos to the Financial Statemonts 6 Trusteo Remuneratlori and EX￿n￿￿ (Conllnuod) During the year the trustees incurred out ol pocket expenses in re¥)e¢t of &xpenso$ Incurred as Trustees. Tho total ex￿nseS claimed during the year was £1,001 12022.. £2,TT61. The ￿ of expenses incJJrred related to training costs, conference costs. tx)oks and travgl. Durfng the year A Wingfield received £15,42212022.. £14,688> Irom thè chureh for rènting a privat8 property for use as the Churches Manse. 7 Tanglblè Flx•d A88•ts Fwhold land and Fixtures and buikJin9S rittings Totsl Cost I Valuatlon At 1 January 2023 ReV81U8l￿n Additlons 1,868,360 {18.3601 3.962 1,872,322 118.3601 At 31 Decembef 2023 1,850,000 3.962 1.853,962 D•prèclatlon At 1 January 2023 Charg8 for this year At 31 Dscèmbgr 2023 991 990 991 990 1.981 1,981 Carrylng amount At 31 D¢￿mber 2023 1,850.000 1.981 1.851,981 At 31 08￿mbar 2022 1,868,360 2.971 1,871,331 All of the fixod assets 8re u$gd for dlrgct ¢haril8blo purpos￿. As at 31 December 2023 Ihe main Church site was recognised in the accounts vthh a value of £1.150,OCM)12022'. £1.150.OCKJI, b8$9d upon 8 fonnal v8lu8tion unt*ortak$n in April 2020. A fomal valuatlon of the maln Church site Icomprising of the Church, HUB and cottag81 was performed by Duncan Bailèy K•nnèdy LLP, a local fimi of Chart6r•d Building Surveyors in April 2020. As at 31 December 2023, the Man8e wa8 recognised in the accounts wilh a value of £700.00012022: £718,3601, bas8d upon a valuation und&rt8k8n by JNP Estste Agents Ltd in Febnjary 2024. 21 Union Baptist Church Year Ended 318t D8cembor 2023 Notes to the Flnanclal Stat•m•nts 8 D•btor¥ 2023 2022 Trade d&btOfS Prepa￿￿ents and acewed income 4,272 28,568 2,992 12,999 32,840 15,991 9 Cr•dltors: Amounts Folllng Dug Wlthln One Y•ar 2023 2022 Other creditors Acuuals Deferred income Loans 98.828 4,571 3,017 10,952 1,341 1Q.000 10.000 113,399 25.310 22 Union Baptist Church Year Ended 31 st December 2023 Notes to tho Flnanclal Statemonts 10 Analy•l¥ of Charltsblg Fund• Gains I {Losse$l 31 D•¢ 2023 1 Jan 2023 Income Expenditure Transfers Unrestrkted Funds General funds 135,480 309,806 1273,705} 1273,7051 169,9921 {69.992} 101,589 135N80 309,806 101.$89 D•sIgn•t￿ Funds Prop6ty maintenancè fund Retsined contrnggn¢y fund Sanctuary redevelwment ILSPI fund BU dgpos4t fund Liwng stones project reserve 111.2161 10,000 18,784 42,240 295 42,535 125,592 17,953 143.545 114.384 3.401 117.785 60,CKJO 60.000 302.216 21,649 111,2161 70,000 382,649 Total Unr•strfct•d 437,696 331,455 12849211 484,238 Endowment Funds Property endowment fun 1,868,360 118,3601 1,850,000 Tot*1 Endowment 1,868.3fj0 {18,360} 1,850.000 ReStrIct￿ Funds HUB enhancement Crisis fund DiScret￿nary fund Liwng stones project Organ fund YP bursary fun Day e8ntra fund 7.527 1.500 9,027 3,509 634,319 14.762 1,079 359,693 13211 1285,3281 4,267 708,676 14,762 181 Isx)) 1,638 1,638 Totsl Restrl¢t•d 6fj2.255 302.272 1286.149) 738,370 Total Funds 2.968.311 693.727 {571.070} 118.3601 3.071608 23 Union Baptist Church Year Ended 31st December 2023 Notes to the Flnanclal Statomonts Galns I IL08895131 Dèc 2022 1 Jan 2￿22 Incorne ExFenditure Translers Unr•strlet•d Funds General fijnds 149,493 322,756 1280.1591 1280.159) 156.6101 156,6101 135,480 149.493 322.7S6 135.480 D•SIgnat￿ Funds Property mainlgnance fund Retained conlingency fund Sanctuary redevewment fund BU deposit fund 30,710 155,4451 44,735 20,000 42,100 140 42,240 115,831 9,761 125,592 112.519 1,865 114,384 301.100 155.4451 56,501 302.216 Total Unre•trlct 450.653 322,756 1335,6041 {1091 437,fj96 Endowm•nt Fund• Propety endowment fund 1,839.491 28.869 1.868,360 Totsl Endowment 1.839,491 21869 1.868.360 Restrlcted Funds HUB enhancement Crfsls fund L ￿ing stonès proiact Organ fund YP bursary fvnd Day eentre fur Discretionary fund 6.027 1,500 S.289 43,210 7.527 IS,3981 137.6051 109 628,714 14,762 634,319 14,762 500 1,638 3,509 1,638 3,335 724 15501 Total R•strlct•d 654,976 50,723 143,5531 109 662,255 Total Funds 2.945,120 373,479 {379,1571 28.869 2.968.311 24 Union Baptist Church Yéar Endèd 31 st December 2023 Notes to the Financial Statements Fund Dèserlptl<)n$ D•8lgnat•d Funds Property m8intgn8nce fvnd Retained contingency fvrKI Sanctuary redevelopment lund fijnd lor the general maintenance and repair of church property. fund to hold reserves polKy money. fund lo refurbtsh and modernise the church sanctuary, but where the monles were giv&n wth the explicit ￿MIsSion for thèm to bg used on other projects in thè church rf not nèadèd for th8 Lwing Stones Project. Aso indude5 money agreed by the tru5teeslchurch to be transferred from other funds Inormalty the General Fundl for use on th6 Sanctuary R￿l￿Val0pM0nt. BU deposit fund monies held on our behaK bythe BU folhmng th8 sale of the man$0 gardan. A reserve fund for the Lwing Stones Project which the Tnj$t￿ orè authorised to use to address unexpected signrficant ￿jdits0n81 èxpenditure which results in the costs exceeding the total budget, S￿nIfICant shortfall in the fvnds received, or to address short tèm cash fiow issues, to ena￿0 tho chureh to ba able to mo&t its contra¢tu81 obligations. Liwng stones project reserve Endowmgnt Fund¥ Propèty and01￿m￿nI futvj fund hdding Ihg valug of the Church Property. R￿t￿cted Funds HUB enhancement a fund to enhance the faulities of the HUB, including tha mèmixial bhxk wrth any flxturès or fittlngs needgd. fund to ba able to donate to a maior crfsls h8ppenlng in th? worfd le.g. 98rthquake dis8Stefl. fvnd to relurbi5h and modgrnise the church sanctuary. fun¢J for th9 repair ¥nd rgpla(¥ment of the church organ. fund to support ￿ur￿j people G¥)Ing on Sh￿ tgrm mission PToJe¢ts. fvnd to support day centre for older folk. nd used at Ihe discreb'on of the pastOTS and elders to support those in the fellowship going through a time of particular hardshlp. Crtsis fund Limng ston&s woJg¢t Organ fund YP bursary fijnd Day centre fund Oiscr81K)nary lund Material Fund Transfèrs A transfer of £60,000 took place from th& general fund to the n￿Y &stsblishad Liwn9 Stonos prLie¢t reserve. 25 Union Baptist Church Year Ended 31s1 DeceM￿r 2023 Notes lo the Flnanclal Statements 11 An*￿1$ Of Nèt As8•ts Bètw••n Fund8 Unrestricted Endowment Funds Funds Restricted Total Funds Funds 2023 Tangible fixed assets Currènt assats Cfedrtors less than 1 year 1,981 595,656 1113,3991 484,238 1.850,000 1.851.981 738,370 1,334,026 1113,3991 738,370 3,072,608 1,850,CX)O Unrestricted Endtswmenl Rest￿ted Totsl Fund¥ Funds Funds Fund$ 2022 Tangiblo fix8d assats Current assets C￿litOrS less th8n 1 ￿ar 31,840 467.313 125,310) 473,843 1.839.491 1,871,331 654,977 1,122,290 {25,3101 654,977 2,968,311 1.839,491 12 R•lat•d Party Tran•actlon• During the y8ar L Manktdow a closé family memb8r of trustéa l Manktèlow wa$ employed by ts charty. The total remuneration paid by the church during the year including emFdoyer pension contributions and èmployer nattonal insurance contritr*Jtions was £30,26612022-. £24,879}. During the year the Church made a donaticffj to Wycomb8 Homebss Connections of £3,50012022'. £3,100). M Dyktrs 1$ 8 trusté6 of both the ChtAr¢h and Wirombe Homelass Connè¢tion$. 13 Contlng•nt Llablllty FollovArKJ the financLal year end the Church received a numbèr of p￿dged Int&￿st fm loans from a number of church rnembers as part of the Church's Limng Stones renovab.c￿ project. The total interest fr88 loan pledges at the wnl of the accounts boiThJ signed amounted to £116,000. Tha loan p￿d99$ 8rg conb"ng$nt uptsn tha Church accèpting tha loan offèr and drawng (k)vm on mèmL*r loans and the member 5ti11 agreeing to the loan commitment. 14 volunt￿1• The church ben&fit$ gr&81ty from tho voluntsry contributions of tim$ and money by its formal rnemtKrs and regular attendeos. Please refer to the trusto&'s report for further detail about volunte8r contributions in tha {￿anISatIOn. 15 Capltal Commltmant During thè yaar. Ihe Chur¢h gmbat*gd on 8 maj¢y redgvglopmgnt Proj￿ in thg maln sanctuary and adjoining rooms, known as the Living Stones project. As of ihe end of May 2024 just before the signing of tha acctyjnts. lh& total outstanding contractual capital commrtm•nt for this projèct is £561,229.83. This commitment synrfies the ¢h8ritys financial re5ponsibiltyfor completing the redevelopment work. 26