DOWNfoN BAPTJST CHURCH Knoii'ing Jesus Christ and mak'inLJ Hitn knom REGISTERED CIIARITY NUMBER 1131186 TRUSTEFS• AJ¥NUAL REPORT FOR THE YEAR Ei¥DED 31Jt DECEMBER 2023 This report yhould be read in ¢onjunction with the charity's accou for the year end¢d 31Yt D¢Mb 2023. Ddails of th¢ strts, gov¢rnawx arxl management of the cbarity. and its admiill5tration detsiK axe t out under the hcadiDg-CoDStitulion and Administration" on pa8e l of t1 ac¢4)uDts. Our ObJeetfve4: Sharing God's love in the ]o¢al LwmuDity through word and Being an ioclusive. wel¢omin& wvrshipping community rxntred on the Holy Scripture. Our Mission Sthtement is "Knowing Jesus Chria and nMkin8 Him known- and Scck lo encourage a faith journey for all pwl< young aTrl old regkn of previous eXle. Our work is Ctrordinated and motiiknxed by the eleetal the Treasurer. and the two Ministers of the churclL These individuals also fimction the Cbarity Trustees. The Tntss 2 Vision Meetings) in 2023 to ryogre&8 the work of the ehunh vthi¢h has grown as we inylement our 'Forward Vision.. There have also been four meelings for the membcrsbip of the churcty inCIaln8 the AGM on the 20 Mard4 awl two Vision rn1 March MemlKrs' AGM brin8in8 the nllrn of ow TnL8es to trn which includes our two ministerd and ttYasur. We work ¢losely with the church offie¢, the wothip group and the many volwi¢rs who provid¢ th¢ church's aclivitie& We are thankf for our fellow ChrisliaDS in our surroulldin8 community al conlinu¢ to share wlth them through the Downton ChurclK8 Tog¢th¢r. Our A1vitie. Gathering arotmd The TABLE for worship. prayw, and fellowship: Th¢ LARDER wher¢ supply foo¢ donated by the local community and lo¢AI bwin to those in the local community who are iti need and we are 81s0 a distribthion centre for Sa]isbury Food BaoK' The WARDROBE wt sbare frK clollun8 ¢knnated by the Iiltnutiity" The GARDEN. a WLununity 8aTthn where we sb&E chur¢h outdoots prthknin8 fresh v¢8¢tabl¢s and providiti8 OUtd(M)r fellowship for families: The KITCHEN where we offer a lunch to older Fwple attending ow Thwthy Services a1 refr¢shn and a cbat to Young P•opl¢s Work The number of people attending ouryouDg ' work on a Sutthy nx)rning eSpiallY of We arc fortunate to have a team of Itv¢ty. volwit¢er& Thelr activities include
$ingin& bibl¢ teaching, dran4 gamrf mfts atwj fiMMI raistn8. We lost most of our secondary a8e group and their leaders duriti8 'tAKk Down, and are now looking for D¢w leadeys for this a8¢ group. (Ar aim is to enre th&t1k (ildren ¢nioy t¢ing part of the bUb fwllily. Th¢ Playroom (pr¢vlowly Litiit a•b) This Wednesday Morni T(Kkller Cburch is for Pr¢-Sd0l children and their ¢arern. 11 engag with young church memb¢r3' farnili¢s atKI famili¢8 who not previously involved in Chllh activities. The off ¥tsvities for the ¢hiklreD aThl opporlunities for adults to tall share bli Ae stories pray siw In the warn) sun1 ny)ntb this group enjoyed being Outdoors in the 8ath Holmlay Club This annual summ¢r ¢hildr¢n's A¢tivity ¢v¢nt W89 held over 3 days at the end of Jy. It attracted more than 120 djildrni of Primary xhool a1 25 SOndary scl)(x)l age. It offered bible-based h]ng. ima8inthve craft activities and ewic games plus joyful singing. It is Inspi to se¢ ¢hur¢b nmbers of all ag¢3 ThThking tog¢ther lo wivide Ibis n)inisty to the S¢knob work Ow minisrs and some ¢huYrb memlxrs are iThvolval in two local S¢h0o one prinwy at one secondary, leading w)rsbip, holding RE days in ¢bub. &ting Lg Governors. W¢ Ixlieve this brings real benefit to our eommuDiti¢s. On¢ of our pastorn alx) leads the I(al Other Outreaeh Work aT¢ abroad swh as the Philippine Commmity Fu1 whicb • familie5 on the rubbish and Brownie4 RNID. Breast Feding Advi aryl an Farjy ReIng and Singing Group. Commnity GTOUPJ Five Bfoups meet regularly duriog the wea in the IM)DKS of iThlividual membern for Bibk The Cre Hom Son of our chur¢b m¢mbm and allth continue to work to swort our families from Summ*ry t is clear from the aknve overview that our memixrn are xtively ci)mlllltt¢d to furtkring the objcctivcs and the forward vision of the chuh. The number of pwle attending the churd) s¢rviccs each wc¢k has slowly incre&8ed over the year and the official membership has renja1 fatrly stable over the year. The Sunday s¢rvi¢e is full of m)le of all ages
enjoying worship. te*hiD8 a1 fellowship and the Thwsday Morni service bgs IKen mwh enjoyed by our older age 8roup. Ow SdaY evening prnyer servi$. Th¢ tnner Room, are welcomed by those who appreciat¢ a quiet lim¢ of prny¢r. Ckw tivItieS allow our ministers. Th¢ church w¢b5it¢ is www The Trustees prayerfidly and Olthiislically look forward to 2024. The aUnts firther denM)Dthte our faith io action a1 the TnL8te¢s IKliev¢ that the n &4et sitiOn shown on the balance sheet at 31st December 2023 provides a Und base from wbich to continue nKeting our objective& The ¢Flty's poli { r¢scrves is set out tn note 2 As required by section 4 of & Ch8riti¢s Art 2011, the Tnutees bave C4)nsidered th¢ guidance publis1 by & Charity ComMoll in of public bcnefiL They belteve that the charity's objectives fall within the definition of charitable pUrySe8 in the Act and that the d¢ rang¢ of ac11viti 8¢¢ out alx)V¢ ¢LYbtrilJtssto me&in8 those obi¢¢tsve8. Joy Hugb¢s Signa
DOWNTON BAPTIST CHURCH REGISTERED CHARITY NUMBER 1131186 ACCOUNTS FOR THE YEAR ENDED 31st DECEMBER 2023 INDEX PAGE CONSTITUTION AND ADMINISTRATION srATEMENT OF FINANCIAL AcfiviTIES 2023 STATEMENT OF FINANCIALAcnvmES 2022 BALANCE SHEET STATEMENT OF CASH FLOWS NOTES TO THE ACCOUNTS 6t015 TRUSTEES. APPROVAL 16 INDEPENDENT EXAMINER'S REPORT 17
DOWNTON BAPTIST CHURCH PAGE I CONsfiTLrnON AND ADmINRAON Downton Baptist Church is affiliated to the Baptist Union of Great Britsin but operates in accordance with its own constitution, which may only be changed by a two thirds majority of the members in general meeting. A church covenant Yrds established in 1793 and re-affirmed annually. A new and upthted church covenant was adopted in November 21XM) and this is now re-affimied annually. The church reetstered as a charity Ino. 1131186) from 18th August 21YJ9 and is required to file its annual accounts ènd an annual trustees, ret wrth the Charity Commission. The accounts have been prepared in accordance with the requirements of The Charities Art 2011 and the Charities SORP (FRS 102). using the act("n8 pOIleS Set out in note l. Under the terms of the constitutTh the church has a 'shared leadership. that is responsible for all aspects of the church's affairs. indudin8 Spiritual matters. finance and adrnlnistration. The shared leadership team comprises the ministers. ministry team. deaTr$ and treasurer. who collectivety are regarded under trust and charity law as USteeS'. A5 such, they are also responsible for rewewin8 and mitigating any risks to which the church may be exposed. The following were'charity trustees, during 2023: Ministers Rev P J Rh¢ade5 Rev K M Ullyatt Ministry team None Deacons Dr M J Brueton Mrs D E Bugden Ifrom 26.3.23) Mrs S G 8urr Dr J M Hughes Mrs AJ Ivens-smith Mrj E King Dr H M Uoyd-jones Treasurer Mr l D Miichell The church also has the followin8'holdin8 trustees, who are responsible for IK>ldin8 its property, to be used by the church as set (xrt In a separate trust estsblished in 1813 Isee also re 91: MrRDAvery Mrs D C Jennings MrA S Mitchell Mr l D Mitchell MrMHSmith Holding trustees a5 such have no responsibility for the day to day running of the church although l D Mitchell 15 also treasurer. as set out above. The church's main bankers are CAF Bank ofwest Mallin& KenL The church also has funds on deposltwith Scottish Widows. Re£tered at: South Lane Downton Salisbury Wiltshire SP5 3NA
PAGE2 STATEMENfoF FIP•ANCiAiAaivmESFOR TIEYEAR El031D£(EMOEftIo23 2023 Z022 TOT FUKJS W4COMEAMD E14DOIAIEM15 FRCAI: DErtatr4lng tlenated Taxr¢covtrnWe under8ifi4bJ Lwty Mn7eletth OthErprernls¢skn¢omÈ 4262 5,979 87W) 5.979 11.158 17.957 1354 13.698 072 IY,2CO 4,171 8.789 Interest•r#Jdr4bJends otherlr*wThe 4262 8J34 4262 9032 9.210 11245 EXPENDtruRE ON.. PAknlst¢rW¢osts 145.593 141.679 61 61D)4 45.716 70.203 52.724 10.614 7.48Z 15A74 4240 238 45.716 Awwyweekend OthervApeTh¥s Athnintstr•i Deprocl•tK)n Dona¢kn5pa S39 14,508 ZL130 3J95 19.279 2LIY) 3.161 13X io 5J79 ILOI8 16S.SJ2 qu2 227 119.9391 142.4661 G(L[l5510ftv•ATh li 1th.370 10.370 TOTAL (DEFmC(VE 120,WI 227 370 PA691 157.7151 REDUCTION INAavAL LL411LThON DEFINED ENEFrrpENSiOPISCIIEME 15.07• NMOVE£riN FW405 n7 10.370 19.S691 14Z.6371 TOTIiFUNDS BROUGHTFORW•A) 17L025 112.845 2B%C 32797 TQTALFiINOSC4PJIIED FCthWARD I5093 123,215 275,491 285.09)
DOWNTON BAPTIST CIIURCH PAGE3 STATEMENT OF FINANaALACTMTIES FOR THE YEAR ENDED 31st DECEMBER 2022 2022 TOTAL FUNDS unre5tKt R*sttht•d Minibu5 Peanent funds funds nd end(Twment INCOME AND ENCOWMENTS FROM: Dirert Oe5ignated giiryr Tax recovernblp vnder8ift ald Lega Manse lettlng Other premi5e5 income Away weekend Interest and dIdendS other Income 71349 1.240 li.A58 418 72.589 Ii,iS8 17,957 i.0 13.200 4,171 8.789 3.605 9.210 17.539 13.3(M) 4.171 8.789 119.510 22.169 141,679 EXPENDITURE ON: Inisterial c05t5 Premlses Awayweekend cKhei expen Admlni5tratlon Depretrdtlofi Donatlons payable 70.203 51724 10.614 7.482 15,874 4.240 52.724 J,720 6.718 15.825 4.194 12.(XX) 764 49 11.408 I384 21.AlS 184.545 143.8741 1418661 LOSS OP4 REVALUATION OF INVESTMENT5 li 1140491 114Wg) TOTAL NET (DEaTINcOmE {43.8741 1461 114.8491 157.7151 REDl10N IN AUARIAL LIABILITY ON DEFINED BENEFIT PENSION SCHEME 19 .078 15,078 ErvEmENT IN FUNDS 128,7%) L(fA 114W91 {42ffi371 TOTAL FUNDS BROUGFrt FORWARD 199.821 182 127.691 327.697 TOTAL FUNDSCARRIED FORWARO 171.025 136 112,845 285,LW
e4 la 32 5
DOWNTON BAIryIST CHURCH PAGE 5 STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31st DECEMBER 2023 2023 2022 CASH FLOWS FROM OPERATING ACTIVITIES Net cash Consumed by operating activities (11.470) (41,461) CASH FLOWS FROM INVEsllNG A1vE5 Interestand dividends Purchase of taaIble fixed assets Long tefm pension deficit contribut1$ 4.262 11.571) 112) 3,605 12.157) 12.1921 2.679 1744) CHANGE IN CASH AND CASH EauwALETr¥rs 18,791} 142.205) CASH AND CASH ÉQUIVALEMTS at 1st January 2023 148.0% I,301 CASH AND CASH EQUIVALENTS at 31st December 2023 139.305 148,096 Cash and Cash equivalents are'ca5h at bank and in hand, as shown in note 13. RECONCILIATION OF NET INCOME TO CASH FLOW FROM OPERATING ACTIVlnES Totsl net deficit per statementof financial artivities {page 21 19.569) (57,7151 Adjustments for: Depreciation charges IGain)/Loss on revaluation of Investments Interest and dividends Ilncreasel/Decrease in debt IncreasellDecrea5e) in creditors 3,895 110,370) (4.262) 4,240 14,849 13.6051 8.847 16941 11.9Ji) 16.254 Net Cash consumed by operating activitTres 111,470) 141,4611
DOWNTON 8AvnsT CHURCH PAGE6 NOTESTOTHE ACCOUMtS FOR THE YEAR ENDED 3tst DECEMBER 2023 ACCOUNTING BASIS AND POLICIES The accourhts are prepared in accordance with ihe requirementsof the Charities Act 2011. the Charities SORP IFRS 1021 issued bn 2014 and updated In 2019. and Financial Reporting Stsndard 102. The transrtKJn date to the FRS 102 regime was 1st January 2014 and the required restatement as at that date was made a5 a prior period adjustment in the a¢¢ounts for the year ended 31st L*ernr 2015. The a¢co¢tnts are generally prepaod on the historical e¢>st basis lyjt including the rev4lLWtion of fixed asset investments and an approprKite provision for the long term liabiltty for defined pension scheme Costs {based ¢)n actuarial Valuation). The accounts are prepared usino the folkx¥ing principal accounti policies: Tangible fixed assets: other than freehold yoperty. crfwhi¢h details are qfftn in note 9, taryible fixed assets are induded at historic cost less provigon for deprecwtion and impairment. Depreciation is Charged atthe fdlowin8 annual rates: - property improvements o¥er IS arS strat8ht line. char8ed to lenernl fund - rtureS and equipment at 33 113% on reducing bala¢, ¢harged to general fund - minibus at 25% on reducing lanCe, charged to minil)us fund. xed asset investments: are included at market value at the baL4rKe sheet date. Gains and105ses on dsposal or revaluation are shown as part of net irKome in ihe ststement ol rinancial activities. Income and expenditure: is recognised on the acctS basis as and wn it becomes due or payable. Charitable donations". it is the church's pcdKYto make charitable donations each year that are approximately IO% of its unrestricted general fund income. Defined benefit pension costs: are rewnised on the basi5 of apwoprkite artuarial valuations {see also •ih)ve and note 191. FUNOS AND RESERVES The church has a PERMANENT ENt)OwmEl that rnust be maintained and can only be spent or altered with the exkyess permission of the Charity Cornmissi. In addition to the fixed asset investments shown in note 11. the permanent endowment indudes the church's freehcAd propèrty. details of which are given in note 9. There is a MINIBUS FUND reflectiry money Original gi¥en for the purchase of a minibus. The fund balance represents the carrwng Value of the current minibus and annual depreciation charges on this are charged to the fund.
DOWNTON BApnsT CHURCH PAGE 7 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31st DE(EMBER 2023 {continuedl FUNDS ANO RESERVES Icontinued) Other RESTRICTED INCOME FUNDSarise on the basls of income recelved each year but these are 8enerallyfvlly spent in the yearof receipt. aVIng Itttle or nothing to be carried forward. Movements on restrlrted Income funds are shown in note 21 and details of designated giving are shown in note 8. The rernainder ofthe thurch's funds are UNRESTrICTED and are shown as GENERAL FUND. It is the trustees, poliry to keep at least 3 rnonths, of anticipated 8eneral fund exynditure as a RESERVE on the 8enernl fund to tnable the church to meet its obligations and Ilabllltles. partkularly to the ministers and other staff, as they fall due. OThER INCOME 2023 2022 One third share in the income of Anne Tyler, Rushall charitab Tntst Ma8azine adverti51nB stsff Costs cOVered Youth and children's work 4,5LX) 3A34 3,226 2.820 564 9.210 698 9.032 •* restricred income MINISTERIAL cOs 2023 2022 Ministers, em0luffnts and national insurance Pension contributions Minlsters. trdining and sabbatical Travel and milea8e 53.942 5.275 1.210 577 61.004 62.748 5A19 1.395 241 70,203
DOWNTON BAPTIST CHURCH PAGE 8 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31st DECEMBER 2023 Icontinuedl PREMISES 2023 2022 Water and sewerage Light and heat Insurance Repairs and maintenance Carelaking and kitchen sundries Pension eontributions 618 7.449 322 3,633 4,174 35,330 8.912 353 52,724 23.509 9.220 372 45.716 OTHER EXPENSES 2023 2022 Minibus running costs Social and meals Magazine printing Youth and children's work The Garden The Larder Teaching rnateri•b Gifts and sundries 1,136 2,042 4.313 473 1.306 2.790 3,091 ify) ss 112 7.482 14.508 included £21KI in reett of restricted income IKI indudes £&3812022 £5641 in respert of restricted incorne includes £1.250 in respert of restirted income SS all in respect of restrirted inwme ADMINISTRATION 2023 2022 Secretarial assistsnce and Thatlonal insurance Pension contributions Printing. postsge and ststionery Telephone Computer costs Subscriptions and fees Copyright licence5 Doubthil debt provision Staff training Property management fees Independent examiner's fee 8ank charges Payroll charges 12,359 613 11.336 563 1.772 425 596 610 1.091 1,336 270 1.740 1,260 415 672 564 1.028 15621 75 65 173 21,130 173 15,874 & included £49 in respect of restrirted income
DOWNTON BAPTIST CHURCH PAGE 9 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31st DECEMBER 2023 {continuedl DONATIONS PAYABLE 2023 General fund. Desi8nated Totsl gi payable 2022 Total payable BU Horne Mission BMS Birthday 8MS General The Brldge Project Bright Kids {Ukrainel DEC ITurkevlSyria earthquake refiefj Dorset Youth for Christ Downton Primary Ihgrd5hip fvndl OMF Intemational Pastoral hardship Philippine Community Fund Philippine Community Fund {Baguio) Philippine Community Fund {Cuckoo Fairl Philippine Community Fund (Sunflowers) Salisbury Street Pastor5 Sanctuary Foundation (for Ukraine) Spvrgeons Tearfund Wiltshire Wildlrfe Hospitsl 3.450 750 737 4.2 737 4.100 T35 4,1 3.450 750 4.21X) 275 275 500 250 1200 45 3,462 1,700 760 1.431 1,200 600 151 3.059 151 1.742 1.317 1,393 1.2(X) 107 107 75 23,408 13.300 5.979 19,279 The deSnated 8ivirry figure of £5.97912022 £11.4081 include5 £Nil12022 £2501 in respect of related 8ift aid tax recoverable.
DOWNTON BAPTIST CHURCH PAGE 10 NOTESTO THE ACCOUTr5 FOR THE YEAR ENDED 31st DECEMBER 20231continuedl PROPERTY The church holds property in South Lane. Down to be used in accordance with the terms of trust deeds dated 25th September 1813 and 31st Detember 1858. The property comprises the current chapel {the original chapel having been demoli5hedl. rnanse and adi(Mnin8 field. As noted on page l. the property is held by five 'holdin8 trustees, and thefreehold title is reeistered in their names at the Land Registry. Income and expenditure in respect ofthe property is dealtwth through the church accounts and the property is considered to be part of thechurch's pernianent endowment but it never been as an a55et on the balance sheeL The trustees have no plans to try and sell the property. which in any case could only be sold with the agreement of the Charity Commission and in cornpliance with their terms for maintaining the endowment. The trustees do not have a current market valuefor the property and do not believe that the cost of obtaining one would be jU5trfied. The buildings are Currently insured for £ 3.852.250 and the contents for £149.861 but these figures kgnore the value of the land. io TANGIBLE FIXED ASSErs GENERAL MINIBUS FUND FUND TOTAL FtreS improvements & equipment Total Minibus COST At Istjanuary 2023 Additn$ Disposals 24.344 19,437 1.571 43.781 1.571 7.858 51.639 1.571 At 31st December 2023 24,344 21.(KJ8 45.352 7.858 53,210 DEPRECIATION At Istjanuary 2023 Charge for year On disp05a15 8,115 1.623 14,294 2.238 22.4C8 3.861 7.722 34 30.131 3,895 At 31st De¢ember 2023 9.738 16.532 26.270 7,756 34.026 NET BOOK VALUE At 31st December 2023 14.606 4.476 19.082 102 19.184 At 31st t)ecember 2022 16.229 5.143 21.372 136 21.508
DOWNTON BAPTIST CHURCH PAGE 11 NOTESTO THE ACCOUTr5 FOR THE YEAR ENDED 31st DECEMBER 2023 Icontinuedl li FIXED ASSET INVESTMEPtts MARKET VALUE 2023 2022 At beginnir¥ of year Revaluation in year At end of year 112,845 10,370 123,215 127.694 {14,8491 112,845 The above is a holding of 6.208.86 inc¢*rne units in COIF Charitie5 Investment Fund. This investment forms part of the pemianent endwnent ofthe charity. 12 DEBTORS 2023 2022 Tax recoverable undergift aid Accrued income Expense prepayments 4.107 1.578 1.742 7,427 3,625 1.793 1.998 7.416 13 G4SH AT BANK AND IN HAND 2023 2022 CAF Bank current account Scottish Widows deposit account Petty cash float 79,055 87,846 60,000 250 148,096 250 139,30S 14 CREDITORS FALLING DUE WITHIN ONE YEAR 2023 2022 DonatM)ns payable - restricted incorne - from church tithe 156 156 1.470 10.749 Deposits and amounts received in advance Accrued expenses Taxation and soc1 security Pension contributions Other creditors 1.211 2.090 705 577 192 4.775 339 13.622
DOWNTON BAPTIST CHURCH PAGE 12 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31st DECEMBER 2023 {continuedl 15 STAFF cosrs AND NUMBERS 2023 2022 Remuneration Employer social security costs Employer penslon contributions 72.436 1,301 6,260 79,997 79,551 1.697 6,735 87,983 Number Number Headwnt during the year The employer pension contributlons shown above relateto current stsff and exclude £1212022 £2,192) in respect of defi¢it contributions for previous ministers and movements in the long term pen$Tr dEfKi¢ liability, details of which are given in note 19. 16 TRUSTEE REMUNERATION. EXPENSES AND t)ONATIONS Rev P J Rhoades and Rev K M UIIydtt ale paid a stiPd in their capacity as minlsters and th 15 shown as emoluments in note 4 and included in the figures disclosed In note 15. Neither they fK)r any other trustee was paid any remuneration in either yr in respect of their services as trustees. Travel and mileage Costs of £57712022 £2411 were reimbursed to the rninisters in respect of their yrk in that PaCity and ministers. training and sabbatical costs of £1.21012022 £1.3951 were paid. No other expenses were paid to or for the ministers or any other trustee in either year apart frorn the reimbursement of out of pket expenses incurred on behabf of the charlty. The trustees together made free¥¥ill donations to the tharity duriw the year of £6,99012022 £8,¢YJOI. 17 RELATED PARTY TRAMSACTIONS The church provides office accomodation and some administrative services to Downton 4Family. a UK registered drity set up in March 2017 that provides family and parenting 5UPPOrt in the llxal wmmunity. Two ofthe churth's trustees are also trustse5 of L)ownton 4Family and one former trustee works for the charity. The amount receivable from Downton 4Familyfor the above services wa5 £26012022 £2601.
DOWNTON BAPTIST CHURCH PAGE 13 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31st DECEMBER 2023 {continuedl 18 CONTRIBUTION OF UNPAID VOLui¥fEERS In common with rnany charities. and in partictslarother churches. the church benefits significantly from the unpaid work of volunteers. both members and non members. in the provision of its charitable activities •nd its administratlon. In attdance th the Charities 50RP IFRS 1021. no monetsry value is put on this contribution. 19 HISTORIC PENSION COSTS AND LIABILMES For many years previou5 rninisters were members of the Baptist Ministers. Pension Fund (part of the Baptist Pension kheme) and the church paid contributions to this fund on their behalf as emphjyer. The fund was a c(mtributwi, defined benefit scheme but is also a rnulti-employer scheme and as such VRS previously accounted for in these accounts as a defined contribution scheme: contributions payable by the church each year were shown as part of expenditure but no inforrnation was required to be disdosed about the overall position of the %heme or ts assets and liabilities. The contibution rate to the above fund had increased in recent years and an artuarial valuation as at Detember 2010 revealed a Si8nffjicant deficitof assets cornpared to liabilities. Accordi1¥ the fund was closed to future accrual of benefits on 31st December 2011. Undercurrent pensions legislation the church had a continulng Ilabillty to make"defKiency contributions" to the fund in order to reduce, and uhimatety eliminate. the deficit (althoh it has not spaned any formal agreement to do sol. Subsequent actuarial valuations as at 31st December 2013 and 315t Detember 2016 continued to show a growing deficit against which defKiency contributions vme likely to be payable for an extended period. Extensive discussions took place within the "Baptist familrf, that led in 2018 to the agreement of a Yamily solution" under whbth the Baptist Union contributed É33 million to the fund and the fund Members agreed to have future pension increases based on movements in the CPI rather than the RPI. Following this, the next actuarial valuation, as at 31st December 2019. showed a much reduced defKit lof £18 rnillion. down frorn £93 million in 20161. After allowing for a temporary 50% reduction in deficiency contril)utions from July to December 2020, the period for vthith such contributions are likety to be payable was shortened to run to June 2026.
DowNTC BAPTIST CHURCH PAGE 14 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31st DEIIMBER 2023 {tOminuedl 19 HISTORIC PENSION COSTS AND UABILfflES Iwntinuedl Followlng a perth of fabxjurable mark•t condi1Sons. the Pension Trustèe was able In June 2022 to stÉn a 'buy in, agreementwthjust Grtsjp. a spe¢ialsit tnsur•nce company, under which tlw took over respibIlity for meets"r&t ¢¢)stof members, pension beFfits. Fdl¢)wiry this' in, the fund M> loryr has Jrv deficbt of assets compared to1sabilitie5 Ifor the first time in two decades). Nominal deficiency contrObutlon5 will continue at £1 per morth until lun• 2026 b it is rx)t anticipated that any fttr Ilabllitywll arise for employer churches. On that basis. all but £30 of the long temi lialxlity provislon brow forward from 2021 wa5 written back and credited in ts statementof financial activitbes. The above furKI is maneged by the Baptlst Pertslon Trtsrt Limltéd as Pensw)n Trustee is cUrrenV admirthstered by Bmadstom Consultants & Aetuariès Ltd on their beFNalf. With effect frcffi 1st Janyary 2015. in a¢Cwdan wlth the requlrements of the Charltl•$ 50RP IFRS 1021 and Financial Reporting Star•Jard 101 such fvnds are to be treated In thè way a5 other defined benefit pension schemes. When the scheme was in dèfitii this reqwred the Inclon as l)th an expense and liablllty of the prwnt %¢lut of the ¢lwrth's share of the lory term cost of elimlnatlrvd the defKiL fwires were based detailed a$5wnptws m•de14T the artrIeS and were as follows: 2023 2022 Provislon at bewnThng of yea¥ DefencY contriLxrtions paid in year M0Ment in artuarial liability. Incl1 interestcost and other charw 17,31XJ 11192) 1121 1ts.078) Provlsion at errfl of year 18 The church has been •dvised that the cost of out its pension liabilitie5 uThYer the c4d defined benefit plan as at Dember 2023 was PPToMirnately £l.IXQ12022 appromimately £l.LKQI. CURRENT PENSION cosrs AND LWLMES two mTrnisters and the ¢)ther two empl(yffts are all members of defined contrlbutlon pension plans to which the churth make5 contributKsn5 based on pensionable income. Thè amounts frjrthest plans arè shown In 15. Tre was an OUtstarKry Ihbliiityft* ore of pbn5 •t 31$¢ De¢ember 2022 of £577.
DOWNTON BAPTIST CHURCH PAGE 16 TRUSTEES, APPROVAL The accounts of Downton Baptist Church f¢xthe year ended 31st December 2023 set out on pages I to 15 were discussed and approved by the trustees on 2024 Signed on behalf of the trustets: Name l4w Optsfrw miTrÉu Name loy SEnature Sqnature .3.2
DOWNTON BAPTIST CHURCH PAGE 17 INDEPENDENT EXAMINER'S REPORT I report on the accounts of Oownton Baptist Churth for the yearended 31st December 2023 set out on pages I to 15. RESpE1VE RESPONSIBIUTIESOF TRUSTEES AND EXAMINER The trustees are responsible forthe preparation of the account5 arKI theyconsiderthat the I11t requirement of section 144 of the Charitoes Act 20111the Act) does not apply. It is my responslbillty. wTrthout perfom)in# an audit. to out an examlnation of the accounts and to report to the trustees and ehurth mernber5. BASIS OF INDEPENDENT EXAMIMER'S REPORT My repcyt is in respect of an exarrination carried out uThler sectlon 145 of the Art and in accordance with the directions liven bythe Charity Commissioners under subsection Sbl of that sertkon. An examinatlon irKludes a review of the accounti reconls kept by the church treasurer and a comparison of the accounts presented with those records. It also indudes considerati¢)n of •ny unusual items ordlxlosus in the accouftts and seeking explanatlons ¢oncernln& any such matters. The prrxedures undertaken do not provlde all the evlden¢e that would be required ft>r an audit and consequently I do rhx PreSS an audit opinion on the view given by the a¢wunts. My pOrt is limrted to those matters set out below. INDEPENDENT EXAMINER'S sfATEMENT No matter has come to my attention from my examination which gbves me reasonable cause to believe that in any material respect accountlry records have not been kept in accordance with sectlon 130 of th• Act. or that the accounts presented do not accord wlth those e0rd$ or compty with the actounting requiremtnts ofthè ACL No other matter has come to rny attention in connection with my examination to which. In my oplnion, attention should be drawn in order to ertable a proper undetstanding of the aecounts to be Teached. SIGNED J LaWnCe 30 Longland Salisbury iShirt SP2 7ET OATE
DOWNTON BAPTIST CHURCH PAGE 17 INDEPENDENT VAAMINER'S REPORT I report on the accounts of Dowfiton Baptist Churth forthe year ended 31st De¢ember 2023 set out on pa8es I to 15. RESPE1vE RESPaYSIBIUTIES OF TAUSTEESAND EAAMINER The trustees are responsible forthe PreParatTr of the accounts and they considerthat the audit requirent of sectlon 144 of the Charltles Art 2011 (the Act) does not app. It is my responslblllty. without rtOm71n£ an aLbdit, to carry out an examinatlon of the accounts and to report io the trustees and church members. BASIS OF INDEPENDENT EXAMINER'S REPORT My report is in respect of an exafflination carried out under section 145 of the Act and in accordance with the directions 8i¥en by the Charity Commissioners under subsertion 51bJ of that se¢tlon. An e¥amlnation indude5 0 review of the accounting records kept by the church treasurer and a comparison of the accounts presented with those records. It also in¢lude$ conslderation of any unusual items or dl0$ureS the aCcnts and 5eekin& explanations concernir4 any SL*h matters. The pr(Kedure5 undertaken do not provlde all the evidence that would be required for an audrt and consequently I do not exprèss an audit opinion on the view given by ttre a¢counts. My report Ss limlted to those rnatters set OLrt below. INDEPENOENT EXAMINER'S STATEMENT No matter has to my attention from my examinatKJn whKh gives me 4nable cause to befieve that in any material respect accountirv& records have not been kept in ac¢ordan¢e wlth sertlon 130 of the Art. orthat the a¢tounts presented do not accord wlth those reeords or comply wth the ac¢tyJnting requirements of the Act. No other matter has come to my attention in connection with my examinatM)n to which. in my oplnlon, attention should be drawn in order to enable a proper understandlnq of the aeetyjnts to be reached. YGNED J LawnCe 30 Lon8land Salisbury Wittshlre SP2 7ET DATE