Gershwin Road, Brighton Hill, Basingstoke RG22 4HL ## **Report of the Trustees And Financial Statements** ## **For the Year Ended 31[st] December 2022** ## **Registered Charity No:1130871** ## **Index** ||**Index**|| |---|---|---| |||**Page**| |Report of the trustees||| |Structure, Governance and Management||2| |Objectives and Activities||3| |Financial Position||6| |Plans for the Future||9| |Statement of finance||| |**Trustees:**|Rev. D. Bishop|Minister| ||Mr. A. Dilley|Treasurer| ||Mrs. R. Hill|Secretary| ||Mr. R. Barnes|| ||Mr. M. Brunsdon|| ||Mr. R. Foster|| ||Mr. S. Harris (Jan – March)|| ||Dr. D. Kitson|| ||Mrs J Knight (March onwards)|| ||Mrs M McGarry|| ||Mr. J. Moar|| ||Mrs E Werrett (March onwards)|| |**Independent Examiners:**|Mr. M. Li|| ||Mr. P. Shears|| |**Bankers:**|CAF Bank Ltd|| ||25 Kings Hill Avenue|| ||Kings Hill|| ||West Malling|| ||Kent|| **Knowing Jesus; making Jesus known** **Church Website:** http://www.basingstokebaptist.org.uk ## **Report of the trustees** ## **Structure, Governance and Management** Basingstoke Baptist Church is governed by the Church Meeting in accordance with the Constitution. The Deacons, Treasurer and Secretary are appointed from within the membership by the Church members and serve a 3-year term of office. Appointment is carried out according to the terms set out within the Constitution. The Church also employs a stipendiary Minister who generally acts as chairman of church organisations. The Minister, Deacons, Treasurer and Secretary form the Trustees who, having been chosen from within the organisation, do not require formal induction, although a leaflet published by the Baptist Union of Great Britain explaining their duties is available to them. The Deacons normally meet twice monthly to discuss and pray about the life and work of the church. They take proposals and recommendations to the bi-monthly Church Members’ Meeting for discussion and decision. Amongst the business discussed at these meetings, consideration is also given to such matters as Health and Safety, Safeguarding, Data Protection and other associated risk assessments. The Church is part of the Baptist Union of Great Britain and follows the guidelines of that organisation. The trustees have assessed the major risks to which the charity is exposed and are satisfied that policies and systems are in place to mitigate exposure. Page 2 ## **Objectives and Activities** - The Activities and Objectives of the Church may include but are not restricted to: `·` regular public worship, prayer, Bible study, preaching and teaching; - baptism, as defined in the Union’s Declaration of Principle; - the Communion of the Lord’s Supper which shall normally be observed at least once a month; - evangelism and mission, locally, regionally, nationally and internationally; - the teaching, encouragement, welcome and inclusion of people of all ages; - nurture and growth of Christian disciples; - education and training for Christian and community service; - giving and encouraging pastoral care; - supporting and encouraging charitable social action in the United Kingdom and abroad; - encouraging relationships with and support of Baptists and other Christians At the start of 2022 there was worldwide concern at the Omicron variant of Covid 19. Our Leadership Team continued to work to keep abreast of changes to coronavirus related regulation and advice, making changes to arrangements for Sunday worship and for other uses of the building as necessary. We thank God that whilst case numbers peaked in January, numbers of hospital admissions and deaths did not return to the levels we saw in 2021. The majority of legal coronavirus restrictions were lifted by the UK government in March 2022. As a consequence of the pandemic, 2022 was another challenging year in the life of the church, as we continued to seek God’s guidance on how best to move into new areas of community work post pandemic. In common with many other churches, neither Sunday attendance nor the availability of volunteers to run community focused outreach has fully recovered after lockdown. We originally moved to livestreaming Sunday services via YouTube due to Covid and we have chosen to continue to do so, with an average of 12 households joining us on-line each Sunday through 2022. The following activities are carried out to achieve some of our objectives above: **Life Groups** provide opportunities for discussion and Bible teaching to promote the growth of Christian disciples. They also enable those who have attended Alpha, or are new to the church an opportunity to meet with a small group of likeminded individuals in an atmosphere more likely to foster friendship than is necessarily possible on Sundays where the numbers are greater. At the start of 2022 three Life Groups were still meeting weekly on-line via video conferencing, having moved away from physical meetings due to Covid, but three had started to meet weekly in person at the church. We saw a number of changes to our Life Groups over the past year. Two groups stopped meeting. A new monthly Life Group was launched, meeting at church, looking at spiritual, musical and technical aspects of worship. Another new Page 3 Life Group was launched, meeting fortnightly in a home, with a focus on deepening our relationship with God through Bible study and prayer. By the end of 2022 just one Life Group was continuing to meet on-line. There are no plans to stop offering this option. Prior to Covid we had no on-line groups but we’ve discovered that Zoom does make it possible for some who would otherwise be unable to be involved due to health or childcare constraints to actively participate via video link in this aspect of church life. **Outreach Events** are normally organised during the year to raise the profile of the church in the local community, provide opportunity for evangelism and enable those unaccustomed to church activities sympathetic access to the church community. In 2021 it had not been possible to run our customary range of outreach activities due to the coronavirus pandemic. In 2022 we began were able to start moving towards running more outreach events. In March we hosted **“** Time to Remember”, a Memorial and Thanksgiving service for those who had died during the Covid pandemic. During lockdown large gatherings for funerals had not been permitted. We hoped that this service would help many in our congregation and our community to celebrate the lives of those lost during the challenging time. We dressed a tree of remembrance with labels bearing the names of those we loved and lost from March 2020 to March 2022 – the Covid years. Post Covid we have been very aware of financial pressures and food poverty on our doorstep. The cost of living has been increasing, with food and energy prices going up significantly. For this reason we have continued to build on our initiatives around food distribution. **Weekly Food Distribution** has continued throughout 2022 in partnership with Community Food Link, a Basingstoke based inter-denominational organisation sharing food surplus donated by local supermarkets with those in the community facing food poverty. Our church serves as a weekly distribution hub, sharing food with varying numbers of local families. On an average week we served around 16 households with two bags of groceries each. We have been pleased to be supported in this outreach by our local PCSO and other police officers, who strive to make positive connections with families on Brighton Hill. **The King’s Café** , first launched in November 2021, was open almost every Tuesday in 2022. Our church kitchen has a top food hygiene rating and our catering team offers fresh nourishing lunches for anyone in need, with an option to make a voluntary contribution towards the cost. Our front of house team not only offer table service but also a warm welcome, building friendships with our regulars. On five Tuesdays in the school summer holidays we switched from serving lunches to family evening meals, serving around to 50 people each week. We present an opportunity to learn more about Jesus some of our Café visitors have already chosen to accept an invitation to worship with us on a Sunday. **Basingstoke Foodbank – Brighton Hill Hub** first opened at our church in July 2021. We continue to work in a partnership arrangement with the Trussell Trust seeded Basingstoke Foodbank. Every Wednesday we offer a local collection point to clients Page 4 who have been referred by a designated referral agency. Basingstoke Baptist Church provides not only a venue, but also a welcome and refreshments as the Foodbank team put together food parcels to meet the needs of local households. We also host a Christians Against Poverty adviser offering debt support, facilitating one to one meetings from time to time. Our Church is also a resource benefitting a number of others in our local community. In 2022 we hired out our building to our local Brownie and Rainbow groups for weekly meetings, to the Rwandese Christian Fellowship, to the Southern Counties Baptist Association and to Mosaic Church. We have provided a venue free of charge to Christians Against Poverty for client meetings, to the Pyjama Fairies for a sewing day, to OneChurch Basingstoke for occasional prayer breakfasts, to Community Food Link for weekly management meetings (until they were able to relocate to new premises at Festival Place), and for Stop Domestic Abuse UK who ran a course here on healthy relationships for local children and young people in August. Lastly in December we were delighted to be able to welcome the families of Brownies and Rainbows from all across Basingstoke for a Christingle Service, and the children, staff and families of Hatch Warren Junior School for a Carol Service. After the Covid years, it was a joy to have the church building full again this Christmas. All Church organisations are run by volunteers who are taken predominantly from within the church congregation, usually comprised of a small leadership team working with a wider group of serving volunteers. Our current food related activities at the church used an estimated 70 hours of voluntary work each week. Trustee roles are also voluntary, so the volunteer hours listed would be extended significantly by a minimum of 5 hours per week served in that capacity. Some members of the Church also give their time and/or money to linked organisations in the wider community. These include Community Food Link (mentioned above), Street Pastors who offer support to those attending late night activities in the town centre, Basingstoke Foodbank providing emergency food provisions for families, SERV Wessex Blood Runners providing a transportation service for NHS hospitals, a youth café providing a safe town centre meeting place for teenagers and the Town Chaplaincy which offers support to those working in the town. Page 5 ## **Financial position** ## **Church Funds Breakdown** ## **Unrestricted Fund – General Fund** There is only one unrestricted fund; this being the General Fund which is used to finance the regular activities of the Church, gaining its income from the free-will offerings given to the Church by its members and other regular worshippers who attend the services and activities. Income is also received from the hire of the church premises to external organisations. The balance at the end of the year was £38,935. ## **Unrestricted Funds (Designated Use)** The Unrestricted Designated Funds and their use and purposes are as follows: **The Development Fund** – this is used to further the development of the church’s ministry. The Development Fund is used mainly for significant projects and most income from giving is received when the project is being planned and implemented. Significant changes to the church building and the purchase of a manse for a minister have been the main use. The church agreed that from 2021 all regular giving to the church would go into the General Fund and a transfer made to the Development Fund of the amount used for repayment of the Baptist Union Corporation Loan on the manse. The Development Fund was also used in 2022 to fund enhancements to the kitchen to aid the church’s ministry using food and to purchase a smart TV for the meeting room. Some giving was received specifically to help with the kitchen enhancement. The balance at the end of the year was £8,060. **The Fellowship Fund** – this is used to help people known to the Church should they be in financial hardship for some reason. The balance at the end of the year was £2,167. **The Support Fund** – this is used to make donations to support specific ministry work. The balance at the end of the year was £300. **Church Organisations** – this Fund represents the money held by the various church organisations, which are Connections, First Steps and Youth Club. All the organisations have now ceased to meet although the Youth Club funds are still being used to support a child in Bolivia through a child sponsorship program. Other funds are being held pending reallocation. The balance at the end of the year was £1,555. **Contingency Reserve Fund** – this Fund was set-up in 2018. Its purpose is to ensure funds have been earmarked and set aside for use when and if the Church encounters unforeseen major events such as a downturn in income (freewill offerings) and/or major buildings repairs. No changes were made in 2022. The balance at the end of the year was £35,945. Page 6 ## **Restricted Funds** There are three restricted funds as listed below. ## **Buildings Funds** It holds the Church’s property holdings (church and Manse), which in various ways are subject to restrictions of use and disposal; all Property is held in Trust for the church by Baptist Union Corporation (BUC). ## **BUC Manse Loan Fund** This is the loan from the Baptist Union Corporation (BUC) to fund the purchase of the Manse (the residence provided for the Church’s pastor), and it currently stands at £191,686 outstanding after repayments have been deducted and interest has been added for the year. The loan repayment is currently slightly more than the amount required by the BUC, although repayment levels are now only reviewed by the BUC once a year and not every time interest rates change. The repayment date on the loan is December 2035. **The Specified Giving Fund** – this Fund receives any monies that are donated for specific organisations supported by the church either through the offering or regular giving. Offerings are passed on to other organisations along with any gift aid that can be claimed. It can also be used to cover the costs of specific items agreed by the church where the income has been given specifically for those items. It is currently used for income and expenditure on our food related outreach. Income is from voluntary giving specifically for that purpose as well as from donations received from those attending the King’s Café. The balance at end of the year was £274, all in respect of food outreach. Page 7 ## **Summary** Whilst some sums are received by way of rent for use of premises at the church (£3,225 in 2022), the Church’s main source of income is free-will offerings (£82,612 for the General Fund in 2022 plus amounts totalling £2,603 into some other funds). These are received from its members and others who worship at the Church. Tax refunds are also reclaimed on any offerings given under the Gift Aid scheme and cash offerings under the GASDS scheme. This raised an additional £21,589 across all funds in 2022. After transfers to other funds, the General Fund had a surplus of income compared to expenditure of £7,761. The reserves at the beginning of the year amounted to £80,871 and at the end of the year were £86,962. At the year-end the money was held with the Church’s bankers (£37,283) and the Baptist Union Corporation (£44,472) plus offerings not yet banked (£134) . At the end of the year there were no amounts owed by the Church and amounts owed to the Church totalled £5,347. Expenditure is incurred in paying our minister and to enable the church’s ongoing programme of services and activities. In addition approximately 10.2% of the total General Fund’s income was given to other Christian missions/organisations as specifically agreed by the Church membership. The rest of the General Fund expenditure is in respect of the maintenance and running costs of the premises and the manse (including transfer of funds to enable repayment on the loan in respect of the manse) and general administrative requirements. Page 8 ## **Plans for the Future** As we reflect on the past year we are hopeful for the new. As a fellowship of Jesus followers our desire continues to focus on being His people and doing His will. We hold firm to the vision to ‘know Jesus and make Jesus known’ and to see that vision embodied in our ‘core values’. Fellowship: Our passion is to see every member and attendee of Basingstoke Baptist Church fully immersed in the family. From the first encounter our desire is that the love of Jesus would be clearly expressed breaking down barriers, ensuring guests become friends who naturally become family. We believe that through the grace of God it is possible to be ‘naturally nice’ – the love of God we have experienced should naturally overflow. As we focus on fellowship we do look inwards to love and care for one another. Our ‘Life Groups’ are a starting place as we rub shoulders with each other and this coming year we’ll invest more resources into increasing numbers who attend these small groups. Ensuring fellowship and belonging is part of our DNA we’ll review every ministry team so that it sees itself as a place of affirmation reflecting this core value. Ministry: Having kept our distance through the Covid-19 season many opportunities to use our spiritual gifts have been on pause. 2023 will see the prayer ministry team relaunched and active within our gatherings. We’ll also explore the equipping of members to step out in the areas of prophesy, healing and deliverance. We believe our God is active amongst His people and giving opportunity for an encounter through individuals in the church is of great importance. Teaching: Our focus will continue - ‘how can we be more like Jesus!’ Investment in teaching resources from Precept Ministries, with a launch from their national directors specifically for our Life Groups, will start the year. Sunday messages will start with a mini-series in 1 John looking at ‘how we love one another’ with other series being planned with practical application. We do not want to just be hearers of the Word but doers also. Exploring ways of utilising the recording and streaming capabilities at the Church to expand our reach of those hearing our teaching would also be an exciting exploration this year. Worship: We want to facilitate encounter with God. Our desire is that our times of corporate worship would usher in an awareness of God’s presence and draw us to abandon reservation and release us to freely express our love of Jesus. We pray for a strengthening of our musicians and leaders and look for greater freedom and abandonment in our praise. Plans for teaching on worship are being explored with a practical implication. Evangelism: Health brings growth naturally. As we look at all aspects of our life as a church ensuring we are healthy, we expect to see growth. ‘… the Lord added to their number daily those who were being saved’ is a statement from the early church that we pursue. We will continue to build bridges through our food ministries (Food Hub, Foodbank, King’s Café, fellowship meals) and add an informal ‘discovery’ opportunity that will make joining the family easier. Future bridge building mission activities will be planned for Easter and the King’s coronation to see our community introduced to Jesus who is worthy of our all. Page 9 We are excited for all that the Lord has in store for us and pray that we will be the committed and obedient disciples that He has called us to be. Page 10 Ba51nytoke BapUstChurth 202245xcowits Rewstered ChèrltyU3WI Baslngstoke Baptist Church Recelpts and Payments Accounts 2022 1130871 ASINGSTOKE baptist church Fortho pthod tr￿￿ (start dot•l 0110112022 To (ond datel 3111V2022 Section A Receipts and Payments Unr••tsl¢tsd' OMlgn•t•d th* TrMN*tE Larty•ArPOXI 1.23. A1 R•thpts Vokrtary GMrYJ HMRC Tax Relurnjs Hlre of knbls•s Bank Irrterest Churth Or9￿11￿0n8 toth• 12,612 21986 1N94 327 2TI 20AJJ 1225 IM27 1M32 io IGross Incom f¢rARJ 107022 112,667 111.•94 12 Sub 13 107 1116ffi7 14 A3Pa Istsy 4q4S2 4333 *674 446$ 11674 1.781 1,996 15 4971 16 Church Staff Costs MIs8kn) and OutrtJLth Govwnan¢¢ ¥rKI Costs Rep￿1& & Rew15 Cmjrth Ory•nliats"oni Payments FdlrMEhip Pa￿n￿ts •,674 17 4971 14636 IB 1374 1&947 1.781 2.271 1273 21 22 24 LoAn RfjpwYm￿ts Made 19,600 19.1ty) 19,300 19310 17 22,667 1374 104292 1041JI 27.361 19,0ty) 31.174 21,370 19,600 49.897 274 7J09 A8 CA•h funds IN¥t yow •nd C•sh fynds (htsy*•r•nd 81871 87.230 73.012 31 274 32 20101m23 Basln8str&eP4pUstChurch 2022Accounts ReElrteredCharlty11311871 Section B Statement of assets and liabilities at tlie end of the period C•te or￿• D•81gnat•d B1 ¢A%h fvna¥ ton•ar￿le Total AM Fund8 Account Dètall Cash hl toM•r••t£ 134 2,175 31.474 lJ4 Bank CU￿• 4170 34108 4V72 3.3n 444n 262 BUQ Deposm or94￿$#￿￿ F￿d$ 37 Totsl c•sh fund* 282 81.809 Unr•&trl¢t•d' tonoHr•gt£ Do•lyn•tsd' R•Btrf¢tsd' T•W All F￿￿¥ D8ts118 CrEditok 4152 183 13 4347 41 OOVEF114ANCE 4 OTHER 102 13 4347 B3 Inv•#tm•nt*M D•talls charfW• own ¥•• Chw¢h 8ulbJlng IlnsuMLx>Valualcffll chtyth Conta￿$ (Insuran￿v￿Uab"￿) Manse 44 Mayfiebj ￿dge Ontyl TotslAu•l¥ D•tall8 Iqln•lv•l Resth(a¢d Restrictéd Il88.225 1210S3 Restri¢Aed 4278 47 B6 Llablllll•s F*￿t•whIch 16tyrdatsA Restricted R•sIrf￿od Re8trfd8d O•tails Baplst Uracfft ￿￿l￿Wj Strategy S¢hare Boptst Ur*en Cwpor8Uon Loan Baptst S¢hemÈ Defined Benelt twlcl ro*AILl•èlffATÈ8 loptloThg11 1*W0n￿ 20.000 191,616 01thc4D35 So• Nots 211,688 61 $10n•twr• PrfntNamè D* of iPPTov41 Pr È.Ir) LLgY IslslL3 7QmV20 Basin8Stoke Baptist Church 2022 Accounts Reglstered Charity 1130871 Indep•nd•nt Examlner4' Reporttts the Trusteeg ofthe chU￿h Report of the accounts of Baslngslok• B•pU$t Churth for th• year endlng 31st Oecember 2022, whkh are set out In the wecedlng P49•$. Respective responsibl1￿6$ of th• trust••$ 8nd th* wmintrr¥. As tho Charity's truste•s you ar• wponsibte lor the preparallon of the accounts., you conslder Ihat Ihe aud6t requlrgmant ol S9¢tion 43121 as amended of the Charibes Act doe8 not appty. It is our r8sponsibiltty to state. on lh8 bas18 of proc•dur8s spaafiod in1h• G&￿Tal Dlrecvon glven tythe Charity Commissioners under Sectk)n 47171{bl of the A4 ¥4thether partkular mattèrs hpvg ¢omg10 our attenfjon. 18 of thè Examln•rs' ropo Our ¥xamlnallon was ¢anieil out in accordance with the General Dlrectknn gfven by the Charity Commlssk)ners. An s)Xomlnotlon indudo$ a r¢¥iew ofthe accounling records kept by th8 Church and a comparf$on oflhfr ac¢fMnts presented wilh those Tecwls. 11 also inGlude8 consideration of any unusual item or disckisurè In th8 aceounts, and sètking ¢xpl8nAlion from you as ttJ¥tee concemlng any such malters. The pro￿dureS undertaken do not provlde all the evidence thalwculd be re¢wwed in an aud¢ and consequentty we do not exprnss an au¢￿1 opinion on thg vlew ghen bythe accounts. Independenl ExamlneTS' ststement. In connection 7hith our exaThMnalion, no matt•r has c4ym8 lo our attenlth: %%thich giv•s us r•#sonabl¢ to tdieve that In any matedal respect the requlrements:_ to keep accountlng records In aecordance wth Stiction 41 la$ amgnd•dl of th? Act, and to prepare accounts whlch aC￿rd wllh the 8¢coUn￿n9 records, and to eonWyvAth th• &eounlin9 requir¢men18 oflhe Ad h8ve not bpen me( or to %thlch, In OUT oplnlon, attentk)n $ho￿d ￿ draym in orderto enab￿ * prrjper understsnding of Ihe accounts to be reached, or ¥thich gives us reasonabl8 cau$• to bell•v• that in any mateJia¥fesp8¢t the acco constrtulion have not be¢n mot. les of the Church's Slgnature Signature Name MrMLI Name r P Shears Address 13 Ravel Clo#e BasirvJstc*• H•mp8hir• RG224EB 8 Linnet Close Kempshett Ba¥in#¥tok• Hampshire RG22 5PD gc>2S 20Z3 20IOV2023 Bpinq5tokeBJpttst Chwrfh 2022Accounts ReE15tered tharSty 1130871 NOTES TO ACCOUNTS Seetlon A- Re￿IP1S and Paym•nt• 1 Fund8: _ Unr88trlctod Fund (Gèneral Use) The Unre$tr1c￿d Gerffil Use FuTrJ k8 th& General Fund. This Fund ￿ LWI forthe doy to day runnlng ol lh• Church and rfs ￿th￿e$. 2 Funds: . Unrestri¢tsd Funds (Dgslgnatod UrA)) Th• Urwstrthd D8signal•d Usa F￿d8 are,. Development Fund. Or9onl$albTr$ Fwd, SuFPOrt Fund and F•llowshlp Fund. They ore shtswn separate from the 0th8r unre8tricled fijnds fordarty purp06e6. Dwdoprrnnt Fund- Is us8d to rece￿ mana9• payTh•nts fortho d•¥•bpm•nt worfl ofth• Churth. Thi5 1$ not reBtri to buibjing work. ft18 for use in anywork thatthe Churd) 8ees a$ devd¢Jping the overall missb?n of the Church. In 2019 and 2020 thi5 furbj wa¥ u$gd for major rolurbi$hment olthe malTh chur(l) hall aThJ to fuThl tho costs of Churd) Lrfè Pastor up to May 2020. ¢>gani&8tion$ Fund- Thi* fund i¥ forth• monios by Ihe varb)us Church organisatiorm that have th8Ir own fund$'. Connecti￿8, First Steps and Yertjth Club. Thè6e Orga￿sa10nS have cea8ed to n*et. but lunds remain separately awa￿ThJ future reva11oc*L￿. Supp)rt Fund-Thi8 i% used to pmwde grfts aTra supportto peopk8 in rnL1￿c￿arywo[k. Felowship FUnd-Th￿ fund is IN use by th8 Mini5t8r to 5UFPOrt mgfflbers and pgoplg thalthg mini$tsr ha$ tecome aware of who need financMI asyist*n¢e in $¢)meway. Conb'ngew ReseNe Futr)J- Th￿ 1$ merny s•t asidD b) onabltr tho Church to react to unfors88n 8¥ents, wch as major bu*JtThJ$ ￿pa¥S and a Is￿ntUM in kneom• loffethgsl Me•lv•d. 3 Funds: . Rgstrlctod Funds At lh• $tsrt of th• y•arthe Church had justOTrg R88tritsd Fund., Giving Spec￿ed GI￿ng Fwd- Is u88d to man&Jo th8 gNirvJ and payThnts for rt8rn5 Ofto organvdatvrffj that have 8pecffied by the indwklugl in their 9iving_ B•¢aus• the moni85 gNen are for a 5p•eff￿d puwe thi5 fund in lh8 R88trict8d Fund abjory ¢0 compty with Charity Comm168ion guidane•. The Restrid•d funds 5150 represent Ihe ownershlp oftho ¢hur¢h Pr•ni$•s and Man80. Th• Mans• Loan Ae¢ount and Fur are wed to record the Manse Loan repaymgnts. As the w¢ptsrty 15 an asset It 15 recorded in So¢tign B ofthe a￿OUnts uTrderA$80ts and LMlxltso$, un10$6 tt Is to do ￿th Sales or Purtha¥es, these are then recorded below thg irjconp ond eynditure a$ 8ppropri*. 4 Fund$- . Endovfflient Funds At present the ¢hur¢h tJoe6 not any End¢Jwn*ftt Funds and thos• are therefore not shvwn in the accounts. A1 Receipts: 5 Voluntary Glvlng: This 18 thè gNing Ihat 18 rg¢¢Ngd from indiviJual8 eithorby bank transhr orh6wII offerfng. 6 HMRC Tax R6fund$: ThIB Is the rnow that hBS been red81r￿￿ erfher underthe Gfft AKI scheme. orthe GASDS stheme frorn HMRC,. redain¥rvJ th• tax paKI on donab"on6 from Indiv¥￿&16. 7 Hirè of Prnmiw: Money rec*wed frcffl r¢vm g>#emal bttin9s and from any otherdonat4ons lor the use ol Churth buldingj. 8 Bank Interest: Interest on Bank accounts that awg glgibb to reco￿ inteTrsL 2QIOV2023 8thng5tc*e Bar115tCbJrth 2021ACC￿nts e Church Oraanl8•llon•: This rel*g8 to the*loThMr Churth orgAnk￿￿OnS', ConngctionB. Fu5t StOP8 and Ywth Club. They have al ¢èa8ed to m￿L The I￿nre& hgld by the Churth organisationj. Conn¢¢bons, First Stsps and Youth Club are held In thè Orgarri6ations FuThl. All fund¥ are now herd within the church's bank accounts. Inwng and expendltur6 of Church organisationts Ibd*)wl. Oryanth•tlon Op•nlng Balwnc• £ 507 In¢om• £ E￿ndI￿r+ £ clo￿ng Balanc• £ Conne¢llo Flrnt Step8 Youth Club 743 TOTAL 1.891 AU Mon1￿ are hold ponding any futur8 nthv work to bg $tsrtod ond the Youth Club Contin￿ tts fund thg thikd sp￿80r8hip In Bo11￿• whld) thè youth club had stsrted sever81 years a90. 507 336 407 10 Ml8cellanoou8: In Ihe Rgstrthd fvnd thKs Indud06 donauons msdè forfocd provh1￿ at Ihe churth. It 18 Used to offselthe cost of provhllr the me8Ls. For 2022. it al80 ind￿5 a grfl of£1CKI frorn Food Link used to to Iwlpwilh th• fi)od dislribution costs. 11 Sub Total {Gross Income for AR) This isthe total income that i8 requ¥8d for the Trusteo8ATrnu•l R•port 12 A2 A88ets and Investm•nt Sal•s No Assetor inve8tsn&nt 8•1•s durinu th? yoar. 13 Sub Totsl Total of the receipts in soctits) A2 14 Totsl roGeipts Total of1h8 reC￿pts In sgction A1 and A2 A3 Payments: 15 Mlnl8try: Payment of the Ministstrs Stipend, Emph)￿￿6 P¢nslon ¢ontrbutlon and Expensos. so covern visrtlng speakarftès, and tht church'8 contibution to the B8PtBt Minislers Pension Schemtsfortho dofiot on the D•fin•d B•n•frt sotti￿ in rosp8d of 8 prg¥iou6 mink8¢er. 18 Mansg: Cov•rs th• Msts tsf mnning a thg rnnistsr and hi$ famify to INe In, couwl tax, le￿Irs. wAtsr ratsi, tèknphonè. broadband and buiwing imurancs. M8Jor r8p8irs w non roubne repla¢￿entS •fe exckn4thI. 17 Church: Tho89 arg the ￿$t to covor tho running and mairrt8nance orthe chu￿ pr8rrI88s In Ggrshwin Road. Cosls indud8.' Telaphong. Ublty &lls, Insuran￿, Mlnor R•paits (from lh• G8n8ral fund- UTrrestrictedl, EquipmenL Ckaning 18xcept wages). Malor rapalrs or non routine repL4c£mants arè •xdud•d. 18 Staff Costs Thwe are the cg91s ofthe 8talf otherthart the Mnister. Only a deanor 15 culrenty ernployed. 2010112023 asIn￿tOke BaptKttCINrth 19 Mlsslonloutreach: Chirlty1130871 Th•se th• wjts for the ¢hurch s own outr•a¢h acbvith•s and thè payments made fo other ￿USe5 the ¢hurth wlshw lo uupp¢rL The bmkdown b?1￿ stsJw$ h￿the Mi881¢Jn gfving to vai*)uts org8N$ation has bggn diBtributed from I￿th the General Fund and th8 D88Ignat￿ Fund. In addikn.on £336 was sent from the Yolth Club lorganbati￿s FuTrJl to C¢Ynpassion in ontinuth.on of the chibj sponsorship started.several y8ats ago. External Ills$lon Goneral Fund lfiad Fund 2022 Totsl Mission BMS Worfd MissK)n Spurgaon$ Colkge MOMY Lifeline Town Ch8pl8in¢y Fofylbank Street Pasto TearfurKI COn￿Unty Focd Link 8t Mrchael's Hk?spice TOTAL 5,320 1,500 2S2 252 252 252 250 252 1tY) 12A30 1,500 252 252 252 252 250 252 100 1AIO 11.010 Genernl Fund ¢ifiod Fund 2022 TotAI 805 Food outr•ath 1,954 Othor Outreach Evgnts18ge pagg 10 for trrteakdtswn) TOTPL 959 959 3A17 OVERALL TOTfvL Governanco and ¢)ther. For thg General Fund this covers costs Involved In n￿nlig Church activit￿$ and intemal events. training and Church governancg. 12,574 &374 15.947 21 Ropalrn: Th680 th• Ma￿r ropairs and rgnow*, ljoth to ￿ Church a￿1 the Manse durfng the year. repalrs and rWae*Mnts havè been pwd out ofth• G•n•ral fund new *èms to enhanc6 ouradvltie$ havo boon paid from th• Dsv•lopmènt lund. 22 Church Oryanisations See Nole 9. 23 Support Fund Payments Payments made fromlhe Support flmd thring the year. 24 Followship Fund Payments Payments mad8 frorn the Fglv*$hip luThd during th• ￿ar. 25 Sub Total {Gross oxpendlture for AR) Thi% is tho 10181 oyp•nditufe that Y& roquired for th8 Truste8s Annual Report 2010112¢ Baskn8th8JptiStChurth 2022 Attounts Re8LSteredCharlly 1130871 A4 A88ets and Invo8tmont Purcha888 26 L￿Th R•paym•nts Made Repaymonts mad• tsward¥ thg Man8e Loan. 27 Sub T¢)tal Total paynpnts kn 6•eti¢n A4 28 Total Payments Tolol paymnts for all lunds durwv the year, Sub lotal A3 plus Subtotal A4. 29 Net of Rocoipt81(Payment•} Shows the surp1u￿der￿t for eath fund for the Yoar. 30 A5 Tran8f•r B•tW￿fft Funds Thi8 8how$ the mon* tsaTrsferrgd bgtsveen FuThls. Tran8fer6 were made to thè D•v•knpment Fund frcffl the General Fund Ito CO￿rthe c¥)$ts of Ihe repayTh8fbts on ts Mansg loan, a$ all givirvj in rospocl of th8 loan repayrnent was dir8Ct8d into the Ggngral Fund from the stsrt of 20211. 31 A6 Cash Funds from Last Yoar Thr8 8h¢)ws the rnorny broughtforward frcffi Ihe pre￿Ou$ wr. 32 Cash Fund8 Th1$ Year End Thè ca$h fvrKl8 avai￿￿ althe end ofthe yo411s tha gum of Ihe money brought forward the n•tof retelpts/poytMnts phJ$ or rninus th8 moneytran8ferred b&bv80n accounts. This wll be carried forward to Ihe fdlNln9 finan¢lal yoar. This Ineludès any Creditor or Dgbtor amounts and Iheoe are shown In Seclon B2. Thi8 then 89rees wrth the totals of Sections B1 and B2 bolyw Secllon B A880ts and Li•biliti• 33 B1 Cash fund• ThIB sknws In whlch at¢oun*the rrnney for ¢a¢h ofthg variou$ funds it * h•kl. 34 Cash In Hand: Thi8 shrv*s any rnoney that has been receivod by th• Church but was not banked bofore the end ol th* year. Ntsrmalty only hapFen8 when th8 W dgy of the yearfal$ on a Sunday ¢x the last dgy ij a bank h¢*lay. 88 bankSng thatmoney vthll not takè pLqc• untl th8 fo11r*￿9 ￿or. 35 Bank Curr•nt Account: Funds held In thè Church Djrrent 4￿Untwth CAF. Bank Doposlt A¢¢ount: Funds held In the Churth deptssf( acctyjntwth CAF. 37 BUC D•poBtt Account: Fund8 ￿￿1 on deposst wth the Batht Union cO￿jra￿.0n. 38 Organ18atlon Fund8 Funds hokj by the varh)u8 Churth organtsation8 that 18 not helJ In any of Ihe above aLrounts. 39 Total Cash Funds The Tot81 Cash dtssing balances for each fund type in section 'B1 Cash Funds" should agree with the ckjsing balan￿ for ¢a¢h fvnd typo in"Ca£h Fundts Year End. kn $8¢tron Awhgn ¢ombw)od with tho Creditors and Debtor5 in Section 82. 20IOV1023 Ba*n8strae BWLStCh￿rth 2022Attotsnts RWstvedChorlty113WI B2 Oth•r monetary Assots 40 Cr•dltor8: No money was ow•d by thè Churd) at th• •nd of2022 and been In￿￿ed as 2022 eyr¥Jiture. 41 Debtors: Shrws mO￿Y Ihat 1$ du• to th• Churth from •xt•mal sourtol Ihat has [￿t b88n r8c8N8d during the fmarKial year but haB b8en indudgd in 2022 income. nllatlon HMRC Totsl Amountowln 5,347.29 6,347.29 Comrn•nt• GWtAKJ and GASDS ¢Lwmèd and r•¢oN•d Jan 2023 42 Totsl A68•ts B2 Shows the totof As8etslLiabilitw for all Funds. 43 B3 Investment Assets This Churd) di>B5 not have w inveslment A888ts,. th&r8fora nothing to rapw B4 As80ts rolaln•d for th• charlty's ¢>wn u8• 44 Church Building: is th8 Insurance valuatlon of ts Churth prgrn1$96 In Gerst￿Tr Road. Basod on th• anrtual insurane* valuation. 46 Church Contents: Thi$ 1$ the Insurance vahJution ofthe Ctsjrch corthnts in &r5fv*in Road. 48 Man80: This 1$ an •$timatsd rna￿t valu8 ofth8 manBe, based on on a$sessn*nt of gmilaf prryerty sak prices and market mDV8rrEnt8 since th8 pr8VbJU8 Valuat￿n. 47 Total Ass•ts: sho￿ the CurrèntVal￿ oltha A6Mt*. B6 Llabllltlgs 48 Baptlst Unlon Bulldlng Stratagy Sch•m•: This is the long terrn loan, at zero % interest. thatthe Church has from thè BaptBt Union Building Stra*gy Sch0mè. Thi& w88 9ranlod lo tho Churth to •nabb Ihe original buihJing5 to be ere*d. 2010U2023 8aS1nrn￿eB8PtI5l Church 2022 Nxcounts R￿Ster8)￿al￿vIj3D￿II 49 Baptist Union Corporntlon M•n$• Loan". Thi& 1$ the loan that the Churth haB tsken out in ordeTtC* purchas& th• manie. Thi5 18 a tsv8nty year knan thg or￿1r￿al repayThentw&s du8 for repayrrent in Decerrtjer 2035. The loan wa8 drawn down Sn De¢•rnber 2015 and the first repayTnents Comm￿j in January 2016. J Baptl8t P•n#ion Schorn• D•fin•d B•n•frt Deficlt: Th18 18 the Deficitth&tthe ¢hureh has forlh8 P￿￿ou8 C1￿¢d Defined Benefrt pgn$Ktin Schèrnè. The payments forlho daftit art mÈde monthly as part ofour pen8YJn payrnnts urKler mink8try Eee nots 75. The Churth * a parfe¥)8Irt9 ernplJyerlh8 Bapl8t Pens11￿ Schomg llhe SChwN￿, which 16 8 s•par810 18gal •nt administered by th& P8nslon Tr*Jsts8 IBapti5t Pension Trust Lirnitedl. The aM•ts ofthe Schwrn are how $4)ar8tetyfrcffi Ihose oftho Er￿￿Yor and tho Othèr partiopating 8rnploy8r8. Thè Scheme. prevK)usty knovm a5 the Bapt15t MinK¥t8r8' Pen8ion Fund, $tart•d in 192S, butwas d05ed to futurn accnwl ol defined b8nefts on 31 Decttnber 2011. Pr40rto thi¥ date Ihe main benefft p￿ded through D￿nad Bèntfft IDBI Plan was 8 pension of on• •wJhti•th ol final mirmmum pensionab￿ in¢ome for ea¢h year of F•nslOna￿# $ONts tOgètl*rwith bjditional pens*Jn In respect ol pMmtsJms pald on Pèn8ionabb In¢ome in excess of Minimum Pensionatk kncome. $i￿t 1 Janu￿ 2012, benofts have b88n prowded through a ￿fined Conth"bulion (DCI Han. A formal valuation of the DB Pl•n as ot 31 Decernbar 2019 by a profe88ion8lly qualified Aetuary usintr th• Pmi#¢t•d Unit M8thod. At the valuat¢on date th8 market valjjè ofthè D8 PLqn aB$8t$ wa$ £298 ryuNion. whdst tha KI￿1 ol assets n•èd8d to pay benefrts wa$ £316m, giving a d￿l¢It of £1Prn (equivalènt to a past Servi￿ fundlro ￿v•1 of 94%). Th• Churth and th• Other Parts￿pat￿￿ emk4oyers in the DB Plan are colK8th81y responsib￿ for funding this defi¢it Th n•xl aC￿rial vduation of the DB Plan Yllhin Ihe ScheN* h du• to takè ￿ace [￿t later than a¥ at 31 C)ecembor 2022. cx131Jth ju￿ 2022 the 88pth'$t PenspJn &herne svJned an agr88n*rrt with thg in$uranc• ¢ompany Just Gro￿ I'Ju8VI to cure D8 P￿n members. pen61on benefrtg. Just are providing finawal backin9 for all pensv)ns provlded thrwgh the sche￿,5 DB PL9n and following this transa¢tion, thv Scherm no longer has a $hortfall. An upda1ed RKovery plan was then •h3nèd in Augu$t 2022 underwhith recovery Mnln"butSon8 trom eA¢h partiapatin9 ernp￿er in the ￿ Plan ￿duced to £1 per rrthth fromAugust 2022. 51 Totsl Liabiliti￿. This 8hw thè totsl l18t11￿89 tr th¢ ChU￿h. 20mtyJJ23 8as6ngstoke BwtThr(hurch 2022 I￿¢Unts Re¢*teredchodtylI￿7I IL 2021 RECEIm:_ OFFERIPJGS- CASH Valualcffll chtyth Conta￿$ (Insuran￿v￿Uab"￿) Manse 44 Mayfiebj ￿dge Ontyl TotslAu•l¥ D•tall8 Iqln•lv•l Resth(a¢d Restrictéd Il88.225 1210S3 Restri¢Aed 4278 47 B6 Llablllll•s F*￿t•whIch 16tyrdatsA Restricted R•sIrf￿od Re8trfd8d O•tails Baplst Uracfft ￿￿l￿Wj Strategy S¢hare Boptst Ur*en Cwpor8Uon Loan Baptst S¢hemÈ Defined Benelt twlcl ro*AILl•èlffATÈ8 loptloThg11 1*W0n￿ 20.000 191,616 01thc4D35 So• Nots 211,688 61 $10n•twr• PrfntNamè D* of iPPTov41 Pr È.Ir) LLgY IslslL3 7QmV20 Basin8Stoke Baptist Church 2022 Accounts Reglstered Charity 1130871 Indep•nd•nt Examlner4' Reporttts the Trusteeg ofthe chU￿h Report of the accounts of Baslngslok• B•pU$t Churth for th• year endlng 31st Oecember 2022, whkh are set out In the wecedlng P49•$. Respective responsibl1￿6$ of th• trust••$ 8nd th* wmintrr¥. As tho Charity's truste•s you ar• wponsibte lor the preparallon of the accounts., you conslder Ihat Ihe aud6t requlrgmant ol S9¢tion 43121 as amended of the Charibes Act doe8 not appty. It is our r8sponsibiltty to state. on lh8 bas18 of proc•dur8s spaafiod in1h• G&￿Tal Dlrecvon glven tythe Charity Commissioners under Sectk)n 47171{bl of the A4 ¥4thether partkular mattèrs hpvg ¢omg10 our attenfjon. 18 of thè Examln•rs' ropo Our ¥xamlnallon was ¢anieil out in accordance with the General Dlrectknn gfven by the Charity Commlssk)ners. An s)Xomlnotlon indudo$ a r¢¥iew ofthe accounling records kept by th8 Church and a comparf$on oflhfr ac¢fMnts presented wilh those Tecwls. 11 also inGlude8 consideration of any unusual item or disckisurè In th8 aceounts, and sètking ¢xpl8nAlion from you as ttJ¥tee concemlng any such malters. The pro￿dureS undertaken do not provlde all the evidence thalwculd be re¢wwed in an aud¢ and consequentty we do not exprnss an au¢￿1 opinion on thg vlew ghen bythe accounts. Independenl ExamlneTS' ststement. In connection 7hith our exaThMnalion, no matt•r has c4ym8 lo our attenlth: %%thich giv•s us r•#sonabl¢ to tdieve that In any matedal respect the requlrements:_ to keep accountlng records In aecordance wth Stiction 41 la$ amgnd•dl of th? Act, and to prepare accounts whlch aC￿rd wllh the 8¢coUn￿n9 records, and to eonWyvAth th• &eounlin9 requir¢men18 oflhe Ad h8ve not bpen me( or to %thlch, In OUT oplnlon, attentk)n $ho￿d ￿ draym in orderto enab￿ * prrjper understsnding of Ihe accounts to be reached, or ¥thich gives us reasonabl8 cau$• to bell•v• that in any mateJia¥fesp8¢t the acco constrtulion have not be¢n mot. les of the Church's Slgnature Signature Name MrMLI Name r P Shears Address 13 Ravel Clo#e BasirvJstc*• H•mp8hir• RG224EB 8 Linnet Close Kempshett Ba¥in#¥tok• Hampshire RG22 5PD gc>2S 20Z3 20IOV2023 Bpinq5tokeBJpttst Chwrfh 2022Accounts ReE15tered tharSty 1130871 NOTES TO ACCOUNTS Seetlon A- Re￿IP1S and Paym•nt• 1 Fund8: _ Unr88trlctod Fund (Gèneral Use) The Unre$tr1c￿d Gerffil Use FuTrJ k8 th& General Fund. This Fund ￿ LWI forthe doy to day runnlng ol lh• Church and rfs ￿th￿e$. 2 Funds: . Unrestri¢tsd Funds (Dgslgnatod UrA)) Th• Urwstrthd D8signal•d Usa F￿d8 are,. Development Fund. Or9onl$albTr$ Fwd, SuFPOrt Fund and F•llowshlp Fund. They ore shtswn separate from the 0th8r unre8tricled fijnds fordarty purp06e6. Dwdoprrnnt Fund- Is us8d to rece￿ mana9• payTh•nts fortho d•¥•bpm•nt worfl ofth• Churth. Thi5 1$ not reBtri to buibjing work. ft18 for use in anywork thatthe Churd) 8ees a$ devd¢Jping the overall missb?n of the Church. In 2019 and 2020 thi5 furbj wa¥ u$gd for major rolurbi$hment olthe malTh chur(l) hall aThJ to fuThl tho costs of Churd) Lrfè Pastor up to May 2020. ¢>gani&8tion$ Fund- Thi* fund i¥ forth• monios by Ihe varb)us Church organisatiorm that have th8Ir own fund$'. Connecti￿8, First Steps and Yertjth Club. Thè6e Orga￿sa10nS have cea8ed to n*et. but lunds remain separately awa￿ThJ future reva11oc*L￿. Supp)rt Fund-Thi8 i% used to pmwde grfts aTra supportto peopk8 in rnL1￿c￿arywo[k. Felowship FUnd-Th￿ fund is IN use by th8 Mini5t8r to 5UFPOrt mgfflbers and pgoplg thalthg mini$tsr ha$ tecome aware of who need financMI asyist*n¢e in $¢)meway. Conb'ngew ReseNe Futr)J- Th￿ 1$ merny s•t asidD b) onabltr tho Church to react to unfors88n 8¥ents, wch as major bu*JtThJ$ ￿pa¥S and a Is￿ntUM in kneom• loffethgsl Me•lv•d. 3 Funds: . Rgstrlctod Funds At lh• $tsrt of th• y•arthe Church had justOTrg R88tritsd Fund., Giving Spec￿ed GI￿ng Fwd- Is u88d to man&Jo th8 gNirvJ and payThnts for rt8rn5 Ofto organvdatvrffj that have 8pecffied by the indwklugl in their 9iving_ B•¢aus• the moni85 gNen are for a 5p•eff￿d puwe thi5 fund in lh8 R88trict8d Fund abjory ¢0 compty with Charity Comm168ion guidane•. The Restrid•d funds 5150 represent Ihe ownershlp oftho ¢hur¢h Pr•ni$•s and Man80. Th• Mans• Loan Ae¢ount and Fur are wed to record the Manse Loan repaymgnts. As the w¢ptsrty 15 an asset It 15 recorded in So¢tign B ofthe a￿OUnts uTrderA$80ts and LMlxltso$, un10$6 tt Is to do ￿th Sales or Purtha¥es, these are then recorded below thg irjconp ond eynditure a$ 8ppropri*. 4 Fund$- . Endovfflient Funds At present the ¢hur¢h tJoe6 not any End¢Jwn*ftt Funds and thos• are therefore not shvwn in the accounts. A1 Receipts: 5 Voluntary Glvlng: This 18 thè gNing Ihat 18 rg¢¢Ngd from indiviJual8 eithorby bank transhr orh6wII offerfng. 6 HMRC Tax R6fund$: ThIB Is the rnow that hBS been red81r￿￿ erfher underthe Gfft AKI scheme. orthe GASDS stheme frorn HMRC,. redain¥rvJ th• tax paKI on donab"on6 from Indiv¥￿&16. 7 Hirè of Prnmiw: Money rec*wed frcffl r¢vm g>#emal bttin9s and from any otherdonat4ons lor the use ol Churth buldingj. 8 Bank Interest: Interest on Bank accounts that awg glgibb to reco￿ inteTrsL 2QIOV2023 8thng5tc*e Bar115tCbJrth 2021ACC￿nts e Church Oraanl8•llon•: This rel*g8 to the*loThMr Churth orgAnk￿￿OnS', ConngctionB. Fu5t StOP8 and Ywth Club. They have al ¢èa8ed to m￿L The I￿nre& hgld by the Churth organisationj. Conn¢¢bons, First Stsps and Youth Club are held In thè Orgarri6ations FuThl. All fund¥ are now herd within the church's bank accounts. Inwng and expendltur6 of Church organisationts Ibd*)wl. Oryanth•tlon Op•nlng Balwnc• £ 507 In¢om• £ E￿ndI￿r+ £ clo￿ng Balanc• £ Conne¢llo Flrnt Step8 Youth Club 743 TOTAL 1.891 AU Mon1￿ are hold ponding any futur8 nthv work to bg $tsrtod ond the Youth Club Contin￿ tts fund thg thikd sp￿80r8hip In Bo11￿• whld) thè youth club had stsrted sever81 years a90. 507 336 407 10 Ml8cellanoou8: In Ihe Rgstrthd fvnd thKs Indud06 donauons msdè forfocd provh1￿ at Ihe churth. It 18 Used to offselthe cost of provhllr the me8Ls. For 2022. it al80 ind￿5 a grfl of£1CKI frorn Food Link used to to Iwlpwilh th• fi)od dislribution costs. 11 Sub Total {Gross Income for AR) This isthe total income that i8 requ¥8d for the Trusteo8ATrnu•l R•port 12 A2 A88ets and Investm•nt Sal•s No Assetor inve8tsn&nt 8•1•s durinu th? yoar. 13 Sub Totsl Total of the receipts in soctits) A2 14 Totsl roGeipts Total of1h8 reC￿pts In sgction A1 and A2 A3 Payments: 15 Mlnl8try: Payment of the Ministstrs Stipend, Emph)￿￿6 P¢nslon ¢ontrbutlon and Expensos. so covern visrtlng speakarftès, and tht church'8 contibution to the B8PtBt Minislers Pension Schemtsfortho dofiot on the D•fin•d B•n•frt sotti￿ in rosp8d of 8 prg¥iou6 mink8¢er. 18 Mansg: Cov•rs th• Msts tsf mnning a thg rnnistsr and hi$ famify to INe In, couwl tax, le￿Irs. wAtsr ratsi, tèknphonè. broadband and buiwing imurancs. M8Jor r8p8irs w non roubne repla¢￿entS •fe exckn4thI. 17 Church: Tho89 arg the ￿$t to covor tho running and mairrt8nance orthe chu￿ pr8rrI88s In Ggrshwin Road. Cosls indud8.' Telaphong. Ublty &lls, Insuran￿, Mlnor R•paits (from lh• G8n8ral fund- UTrrestrictedl, EquipmenL Ckaning 18xcept wages). Malor rapalrs or non routine repL4c£mants arè •xdud•d. 18 Staff Costs Thwe are the cg91s ofthe 8talf otherthart the Mnister. Only a deanor 15 culrenty ernployed. 2010112023 asIn￿tOke BaptKttCINrth 19 Mlsslonloutreach: Chirlty1130871 Th•se th• wjts for the ¢hurch s own outr•a¢h acbvith•s and thè payments made fo other ￿USe5 the ¢hurth wlshw lo uupp¢rL The bmkdown b?1￿ stsJw$ h￿the Mi881¢Jn gfving to vai*)uts org8N$ation has bggn diBtributed from I￿th the General Fund and th8 D88Ignat￿ Fund. In addikn.on £336 was sent from the Yolth Club lorganbati￿s FuTrJl to C¢Ynpassion in ontinuth.on of the chibj sponsorship started.several y8ats ago. External Ills$lon Goneral Fund lfiad Fund 2022 Totsl Mission BMS Worfd MissK)n Spurgaon$ Colkge MOMY Lifeline Town Ch8pl8in¢y Fofylbank Street Pasto TearfurKI COn￿Unty Focd Link 8t Mrchael's Hk?spice TOTAL 5,320 1,500 2S2 252 252 252 250 252 1tY) 12A30 1,500 252 252 252 252 250 252 100 1AIO 11.010 Genernl Fund ¢ifiod Fund 2022 TotAI 805 Food outr•ath 1,954 Othor Outreach Evgnts18ge pagg 10 for trrteakdtswn) TOTPL 959 959 3A17 OVERALL TOTfvL Governanco and ¢)ther. For thg General Fund this covers costs Involved In n￿nlig Church activit￿$ and intemal events. training and Church governancg. 12,574 &374 15.947 21 Ropalrn: Th680 th• Ma￿r ropairs and rgnow*, ljoth to ￿ Church a￿1 the Manse durfng the year. repalrs and rWae*Mnts havè been pwd out ofth• G•n•ral fund new *èms to enhanc6 ouradvltie$ havo boon paid from th• Dsv•lopmènt lund. 22 Church Oryanisations See Nole 9. 23 Support Fund Payments Payments made fromlhe Support flmd thring the year. 24 Followship Fund Payments Payments mad8 frorn the Fglv*$hip luThd during th• ￿ar. 25 Sub Total {Gross oxpendlture for AR) Thi% is tho 10181 oyp•nditufe that Y& roquired for th8 Truste8s Annual Report 2010112¢ Baskn8th8JptiStChurth 2022 Attounts Re8LSteredCharlly 1130871 A4 A88ets and Invo8tmont Purcha888 26 L￿Th R•paym•nts Made Repaymonts mad• tsward¥ thg Man8e Loan. 27 Sub T¢)tal Total paynpnts kn 6•eti¢n A4 28 Total Payments Tolol paymnts for all lunds durwv the year, Sub lotal A3 plus Subtotal A4. 29 Net of Rocoipt81(Payment•} Shows the surp1u￿der￿t for eath fund for the Yoar. 30 A5 Tran8f•r B•tW￿fft Funds Thi8 8how$ the mon* tsaTrsferrgd bgtsveen FuThls. Tran8fer6 were made to thè D•v•knpment Fund frcffl the General Fund Ito CO￿rthe c¥)$ts of Ihe repayTh8fbts on ts Mansg loan, a$ all givirvj in rospocl of th8 loan repayrnent was dir8Ct8d into the Ggngral Fund from the stsrt of 20211. 31 A6 Cash Funds from Last Yoar Thr8 8h¢)ws the rnorny broughtforward frcffi Ihe pre￿Ou$ wr. 32 Cash Fund8 Th1$ Year End Thè ca$h fvrKl8 avai￿￿ althe end ofthe yo411s tha gum of Ihe money brought forward the n•tof retelpts/poytMnts phJ$ or rninus th8 moneytran8ferred b&bv80n accounts. This wll be carried forward to Ihe fdlNln9 finan¢lal yoar. This Ineludès any Creditor or Dgbtor amounts and Iheoe are shown In Seclon B2. Thi8 then 89rees wrth the totals of Sections B1 and B2 bolyw Secllon B A880ts and Li•biliti• 33 B1 Cash fund• ThIB sknws In whlch at¢oun*the rrnney for ¢a¢h ofthg variou$ funds it * h•kl. 34 Cash In Hand: Thi8 shrv*s any rnoney that has been receivod by th• Church but was not banked bofore the end ol th* year. Ntsrmalty only hapFen8 when th8 W dgy of the yearfal$ on a Sunday ¢x the last dgy ij a bank h¢*lay. 88 bankSng thatmoney vthll not takè pLqc• untl th8 fo11r*￿9 ￿or. 35 Bank Curr•nt Account: Funds held In thè Church Djrrent 4￿Untwth CAF. Bank Doposlt A¢¢ount: Funds held In the Churth deptssf( acctyjntwth CAF. 37 BUC D•poBtt Account: Fund8 ￿￿1 on deposst wth the Batht Union cO￿jra￿.0n. 38 Organ18atlon Fund8 Funds hokj by the varh)u8 Churth organtsation8 that 18 not helJ In any of Ihe above aLrounts. 39 Total Cash Funds The Tot81 Cash dtssing balances for each fund type in section 'B1 Cash Funds" should agree with the ckjsing balan￿ for ¢a¢h fvnd typo in"Ca£h Fundts Year End. kn $8¢tron Awhgn ¢ombw)od with tho Creditors and Debtor5 in Section 82. 20IOV1023 Ba*n8strae BWLStCh￿rth 2022Attotsnts RWstvedChorlty113WI B2 Oth•r monetary Assots 40 Cr•dltor8: No money was ow•d by thè Churd) at th• •nd of2022 and been In￿￿ed as 2022 eyr¥Jiture. 41 Debtors: Shrws mO￿Y Ihat 1$ du• to th• Churth from •xt•mal sourtol Ihat has [￿t b88n r8c8N8d during the fmarKial year but haB b8en indudgd in 2022 income. nllatlon HMRC Totsl Amountowln 5,347.29 6,347.29 Comrn•nt• GWtAKJ and GASDS ¢Lwmèd and r•¢oN•d Jan 2023 42 Totsl A68•ts B2 Shows the totof As8etslLiabilitw for all Funds. 43 B3 Investment Assets This Churd) di>B5 not have w inveslment A888ts,. th&r8fora nothing to rapw B4 As80ts rolaln•d for th• charlty's ¢>wn u8• 44 Church Building: is th8 Insurance valuatlon of ts Churth prgrn1$96 In Gerst￿Tr Road. Basod on th• anrtual insurane* valuation. 46 Church Contents: Thi$ 1$ the Insurance vahJution ofthe Ctsjrch corthnts in &r5fv*in Road. 48 Man80: This 1$ an •$timatsd rna￿t valu8 ofth8 manBe, based on on a$sessn*nt of gmilaf prryerty sak prices and market mDV8rrEnt8 since th8 pr8VbJU8 Valuat￿n. 47 Total Ass•ts: sho￿ the CurrèntVal￿ oltha A6Mt*. B6 Llabllltlgs 48 Baptlst Unlon Bulldlng Stratagy Sch•m•: This is the long terrn loan, at zero % interest. thatthe Church has from thè BaptBt Union Building Stra*gy Sch0mè. Thi& w88 9ranlod lo tho Churth to •nabb Ihe original buihJing5 to be ere*d. 2010U2023 8aS1nrn￿eB8PtI5l Church 2022 Nxcounts R￿Ster8)￿al￿vIj3D￿II 49 Baptist Union Corporntlon M•n$• Loan". Thi& 1$ the loan that the Churth haB tsken out in ordeTtC* purchas& th• manie. Thi5 18 a tsv8nty year knan thg or￿1r￿al repayThentw&s du8 for repayrrent in Decerrtjer 2035. The loan wa8 drawn down Sn De¢•rnber 2015 and the first repayTnents Comm￿j in January 2016. J Baptl8t P•n#ion Schorn• D•fin•d B•n•frt Deficlt: Th18 18 the Deficitth&tthe ¢hureh has forlh8 P￿￿ou8 C1￿¢d Defined Benefrt pgn$Ktin Schèrnè. The payments forlho daftit art mÈde monthly as part ofour pen8YJn payrnnts urKler mink8try Eee nots 75. The Churth * a parfe¥)8Irt9 ernplJyerlh8 Bapl8t Pens11￿ Schomg llhe SChwN￿, which 16 8 s•par810 18gal •nt administered by th& P8nslon Tr*Jsts8 IBapti5t Pension Trust Lirnitedl. The aM•ts ofthe Schwrn are how $4)ar8tetyfrcffi Ihose oftho Er￿￿Yor and tho Othèr partiopating 8rnploy8r8. Thè Scheme. prevK)usty knovm a5 the Bapt15t MinK¥t8r8' Pen8ion Fund, $tart•d in 192S, butwas d05ed to futurn accnwl ol defined b8nefts on 31 Decttnber 2011. Pr40rto thi¥ date Ihe main benefft p￿ded through D￿nad Bèntfft IDBI Plan was 8 pension of on• •wJhti•th ol final mirmmum pensionab￿ in¢ome for ea¢h year of F•nslOna￿# $ONts tOgètl*rwith bjditional pens*Jn In respect ol pMmtsJms pald on Pèn8ionabb In¢ome in excess of Minimum Pensionatk kncome. $i￿t 1 Janu￿ 2012, benofts have b88n prowded through a ￿fined Conth"bulion (DCI Han. A formal valuation of the DB Pl•n as ot 31 Decernbar 2019 by a profe88ion8lly qualified Aetuary usintr th• Pmi#¢t•d Unit M8thod. At the valuat¢on date th8 market valjjè ofthè D8 PLqn aB$8t$ wa$ £298 ryuNion. whdst tha KI￿1 ol assets n•èd8d to pay benefrts wa$ £316m, giving a d￿l¢It of £1Prn (equivalènt to a past Servi￿ fundlro ￿v•1 of 94%). Th• Churth and th• Other Parts￿pat￿￿ emk4oyers in the DB Plan are colK8th81y responsib￿ for funding this defi¢it Th n•xl aC￿rial vduation of the DB Plan Yllhin Ihe ScheN* h du• to takè ￿ace [￿t later than a¥ at 31 C)ecembor 2022. cx131Jth ju￿ 2022 the 88pth'$t PenspJn &herne svJned an agr88n*rrt with thg in$uranc• ¢ompany Just Gro￿ I'Ju8VI to cure D8 P￿n members. pen61on benefrtg. Just are providing finawal backin9 for all pensv)ns provlded thrwgh the sche￿,5 DB PL9n and following this transa¢tion, thv Scherm no longer has a $hortfall. An upda1ed RKovery plan was then •h3nèd in Augu$t 2022 underwhith recovery Mnln"butSon8 trom eA¢h partiapatin9 ernp￿er in the ￿ Plan ￿duced to £1 per rrthth fromAugust 2022. 51 Totsl Liabiliti￿. This 8hw thè totsl l18t11￿89 tr th¢ ChU￿h. 20mtyJJ23 8as6ngstoke BwtThr(hurch 2022 I￿¢Unts Re¢*teredchodtylI￿7I IL 2021 RECEIm:_ OFFERIPJGS- CASH