##
##
|||Page||
|---|---|---|---|
|Reference and Administrative
Details||||
|Report ofthe Trustees|2|to|5|
|Report ofthe Independent
Auditors|6|to|9|
|Statement of Financial Activities||10||
|Balance Sheet||||
|Cash Flow Statement||12||
|Notes to the Cash Flow Statement||13||
|Notes to the Financial Statements|14|to|24|
|Detailed Statement of Financial Activities|25|to|26|
|TRUSTEES|Donald Campbell|
|---|---|
||Laurie Marshall|
||Judy Hyde|
||Mark Maybury|
||Louise Gore|
||Mark Steel|
|PRINCIPAL ADDRESS|Trinity
Hill|
||Sutton Coldfield|
||West Midlands|
||B72 1TA|
|REGISTERED CHARITY|1131309|
|NUMBER||
|AUDITORS|Wallace Crooke|
||Chartered
Accountants|
||&Registered
Auditors|
||Wallace House|
||20 Birmingham
Road|
||Walsall|
||West Midlands|
||WS1 2LT|
|BANKERS|Lloyds Bank Pic|
||Birmingham
Road|
||Sutton Coldfield|
||West Midlands|
||B72 1QA|
##
|trustees
who have|served
during the year and|
|---|---|
|Donald Campbell|Team Leader / Minister|
|Laurie Marshall|Elder|
|Louise Gore|Elder|
|Judy Hyde|Elder|
|Mark Maybury|Elder|
|Mark Steel|Administrator|
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||||FOR THE Y|EAR END|ED 31 DECE|MBER 2022|||
|---|---|---|---|---|---|---|---|---|
||||||||2022|2021|
||||||Unrestricted|Restricted|Total|Total|
||||||funds|fund|funds|funds|
|||||Notes||||F|
|INCOME AND ENDOWMENTS|||FROM||||||
|Donations
and legacies|||||740,293|66,124|806,417|771,486|
|Charitable
activities|||||||||
|Organisations||||||1,515|1,515|8,056|
|Second Thoughts||||||11,891|11,891|38,586|
|Under 5s||||||11,763|11,763||
|Other trading
activities|||||916||916|838|
|Investment
income|||||1,374||1,374|418|
|Total|||||742,583|91,293|833,876|819,384|
|EXPENDITURE ON|||||||||
|Charitable
activities|||||||||
|Organisations||||||20,286|20,286|23,882|
|Facilities|||||69,957||69,957|97,593|
|Mission|||||150,266|2,736|153,002|146,354|
|Children
8 Young People|||||30,872||30,872|6,795|
|Employment
Costs|||||388,548||388,548|334,462|
|Sundry Expenses|||||66,791|12,523|79,314|49,666|
|Administration|||||49,235|28,883|78,118|31,905|
|Administration
staff||||||||61,774|
|Depreciation|||||6,000|37,024|43,024|53,110|
|Bank charge|||||1,116||1,116|1,206|
|Legal fees|||||2,229||2,229|1,596|
|Audit fee|||||4,170||4,170|3,450|
|Total|||||769,184|101,452|870,636|811,793|
|NET INCOMEI(EXPENDITURE)|||||(26,601)|(10,159)|(36,760)|7,591|
|Transfers
between|funds|||19|5,001|(5,001)|||
|Net movement
in funds|||||(21,600)|(15,160)|(36,760)|7,591|
|RECONCILIATION|OF FUNDS||||||||
|Total funds brought|forward||||1,069,998|307,728|1,377,726|1,370,135|
|TOTAL FUNDS CARRIED||FORWARD|||1,048,398|292,568|1,340,966|1,377,726|
|CONTINUING
OPERATIONS|||||||||
|All income and expenditure||has|arisen from|continuing|activities.||||
##
||BALANCE SHEET|||
|---|---|---|---|
||31 DECEMBER 2022|||
|||2022|2021|
||Notes||F|
|FIXEDASSETS||||
|Tangible assets|13|1,134,265|1,129,385|
|CURRENT ASSETS||||
|Debtors|14|54,887|64,143|
|Cash at bank and in hand|15|170,400|188,061|
|||225,287|252,204|
|CREDITORS||||
|Amounts
falling due within one year|16|(18,586)|(3,863)|
|NET CURRENT ASSETS||206,701|248,341|
|TOTAL ASSETSLESSCURRENT||||
|LIABILITIES||1,340,966|1,377,726|
|NET ASSETS||1,340,966|1,377,726|
|FUNDS|19|||
|Unrestricted
funds:||||
|General
fund||13,739|17,672|
|Designated||1,034,659|1,052,326|
|||1,048,398|1,069,998|
|Restricted funds||292,568|307,728|
|TOTAL FUNDS||1,340,966|1,377,726|
##
|||FOR TH|E YEAR ENDED 3|1 DECEMBER 2022||
|---|---|---|---|---|---|
|||||2022|2021|
||||Notes|||
|Cash flows from|operating|activities||||
|Cash generated
from operations||||29,793|42,801|
|Net cash provided|by operating
activities|||29,793|42,801|
|Cash flows from|investing|activities||||
|Purchase oftangible
fixed assets||||(47,454)||
|Net cash (used in)/provided||by investing|activities|(47,454)||
|Change
in cash|and cash|equivalents||||
|in the reporting|period|||(17,661)|42,801|
|Cash and cash equivalents||at the||||
|beginning
ofthe|reporting|period||188,061|145,260|
|Cash and cash equivalents||at the end||||
|ofthe reporting|period|||170,400|188,061|
##
##
|RECONCILIATION
OF NET (EXPENDITURE
ACTIVITIES|)/INCOME
TO NET CAS|H FLOW FROM O|PERATING|
|---|---|---|---|
|||2022|2021|
|Net (expenditure)/income
for the reporting|period (as per the|||
|Statement of Financial Activities)||(36,760)|7,591|
|Adjustments
for:||||
|Depreciation
charges||42,574|53,110|
|Decrease/(increase)
in debtors||9,256|(17,102)|
|Increase/(decrease)
in creditors||14,723|(798)|
|Net cash provided
by operations||29,793|42,801|
##
|ANALYSIS OF C|HANGES
IN NET FUNDS||||
|---|---|---|---|---|
|||At 1/1/22|Cash flow|At 31/12/22|
|||F||F|
|Net cash|||||
|Cash at bank and|in hand|188,061|(17,661)|170,400|
|||188,061|(17,661)|170,400|
|Total||188,061|(17,661)|170,400|
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|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|||Unrestricted||Restricted||Total|Total|
|||funds||funds||funds|funds|
||||||F|F|F|
|Other income|||916|||916|838|
|In 2021, trading|activity income|was all attributable|to unrestricted||funds.|||
|INVESTMENT INCOME||||||||
|||||||2022|2021|
|||Unrestricted||Restricted||Total|Total|
|||funds||funds||funds|funds|
||||F|||F|F|
|Deposit account|interest||1,374|||1,374|297|
|Loan interest|||||||121|
||||1,374|||1,374|418|
##
##
|INCOME FROM CHAR|ITABLE ACTIVITIES|||||
|---|---|---|---|---|---|
|||||2022|2021|
|||Second||Total|Total|
||Organisations|Thoughts|Under 5s|activities|activities|
||F||F|F||
|Organisation s|1,515||1 "l,763|13,278|8,056|
|Second Thoughts||11,891||11,891|38,586|
||1,515|11,891|11,763|25,169|46,642|
|Income|Expenditure|Net|
|---|---|---|
|F||F|
|11,891|16,916|(5,025)|
##
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##
|CHARITABL|E ACTIVITIES COSTS|||||
|---|---|---|---|---|---|
||||Direct|Support||
||||Costs (see|costs (see||
||||note 8)|note 9)|Totals|
|||||E||
|Organisations|||20,286||20,286|
|Facilities|||69,957||69,957|
|Mission|||153,002||153,002|
|Children
8 Young People|||30,872||30,872|
|Employment|Costs||388,548||388,548|
|Sundry Expenses|||79,314||79,314|
|Administration||||78,118|78,118|
|Depreciation||||43,024|43,024|
|Bank charge||||1,116|1,116|
|Legal fees||||2,229|2,229|
|Audit fee||||4,170|4,170|
||||741,979|128,657|870,636|
|DIRECT COSTS OF CHARITABLE||ACTIVITIES||||
|||Unrestricted|Restricted|2022|2021|
|||F||F|E|
|Facilities||69,957||69,957|97,593|
|Mission||150,266|2,736|153,002|146,354|
|Children
8 Young People||30,872||30,872|6,795|
|Employment|costs|388,548||388,548|334,462|
|Sundry Expenses||66,791|12,523|79,314|49,666|
|Organisation|||20,286|20,286|23,882|
|||706,434|35,545|741,979|658,752|
##
##
|SUPPORT C|OSTS|||||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|2022|2021|
|||||||F||
|Administration||||49,235|28,883|78,118|31,905|
|Administrative|staff||||||61,774|
|Depreciation||||7,411|35,613|43,024|53,110|
|Governance:||Audit|fee|4,170||4,170|3,450|
|||Bank|chgs|1,116||1,116|1,206|
|||Legal|fees|2,229||2,229|1,596|
|||||64,161|64,496|128,657|153,041|
##
##
##
||2022|2021|
|---|---|---|
||F||
|Remuneration|78,801|82,526|
|Pension|15,171|19,828|
##
##
##
|||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|---|
|||||||||E||
|Wages and salaries||||||||326,295|335,557|
|Social security||costs||||||25,562|26,357|
|Other pension||costs||||||39,939|45,509|
|||||||||391,796|407,423|
|The average|monthly|||number ofemployees|||during the year was as follows:|||
|||||||||2022|2021|
|Employee||||||||14|14|
|No employees||received emoluments|||in|excess ofF60,000.||||
|ANALYSIS OF GRANTS||||||||||
|The largest grants|||made by the Church|||during the year were as follows:||||
|||||||||2022|2021|
|24/7||||||||10,250|22,500|
|Agape||||||||2,500|3,000|
|Baptist Missionary|||Society|||||16,000|16,000|
|Claytons||||||||11,500||
|ECM||||||||12,250|10,000|
|Frontiers||||||||2,000||
|Go Africa||||||||1,500||
|Heart of England|||Baptist Association|||||30,658|28,500|
|Jericho Foundation||||||||7,000|6,500|
|Latin Link||||||||5,000||
|Operation
Mobilisation|||||||||4,200|
|Reach Across||||||||7,200|5,000|
|Sparkbrook|||||||||1,200|
|Wilsons||||||||2,500||
|Wycliffe Bible|Translators|||||||10,255|10,000|
|Sudan Project|||||||||1,300|
|Egypt Project||||||||2,000||
||FOR THE YEAR|ENDED 31 DECE|MBER 2022|||
|---|---|---|---|---|---|
|12.|ANALYSIS OF GRANTS - continued|||||
|||||120,583|108,20|
|13.|TANGIBLE FIXEDASSETS|||||
||||Fixtures|||
|||Long|and|Motor||
|||leasehold|fittings|vehicles|Totals|
|||||F|F|
||COST|||||
||At 1 January 2022|1,390,550|86,905|45,588|1,523,043|
||Additions|42,000|5,454||47,454|
||At 31 December 2022|1,432,550|92,359|45,588|1,570,497|
||DEPRECIATION|||||
||At 1 January 2022|261,440|86,630|45,588|393,658|
||Charge for year|41,163|1,411||42,574|
||At 31 December 2022|302,603|88,041|45,588|436,232|
||NET BOOK VALUE|||||
||At 31 December 2022|1,129,947|4,318||1,134,265|
||At 31 December 2021|1,129,110|275||1,129,385|
|14.|DEBTORS|||||
|||||2022|2021|
|||||F||
||Amounts
falling due within one year:|||||
||Other debtors|||2,405|965|
||Short term deposit|||26,122|31,187|
||Income tax recoverable|||11,374|11,899|
||Employee
loan|||5,000|5,000|
||Prepayments|||3,736|3,842|
|||||48,637|52,893|
||Amounts
falling due after more than one|year:||||
||Employee
loan|||6,250|11,250|
||Aggregate
amounts|||54,887|64,143|
##
##
##
|CASH AT BANK AND IN H|AND|||||
|---|---|---|---|---|---|
|||||2022|2021|
||General|||Total|Total|
||fund|Designated|Restricted|funds|funds|
||F|F||||
|Cash in hand|50|||50|50|
|Bank current account||||||
|no. 1|6,510|69,740|10,776|87,026|107,095|
|Bank current account||||||
|no. 2|1|||1||
|Bank deposit account|2,569|45,499|29,575|77,643|76,269|
|Card collection accounts|5,680|||5,680|4,647|
|Total|14,810|115,239|40,351|170,400|188,061|
##
##
##
|2022|2021|
|---|---|
|E|E|
|18,586|3,863|
##
##
|Minimum
lease payments
under non-cancellable
ope|rating
leases fall due as follows:||
|---|---|---|
||2022|2021|
||F||
|Within one year|13,260|14,960|
|Between one and five years|12,240|25,500|
||25,500|40,460|
##
##
|ANALY|SIS OF NET ASSETS|BETWEEN FUNDS||||
|---|---|---|---|---|---|
|||||2022|2021|
|||Unrestricted|Restricted|Total|Total|
|||funds|fund|funds|funds|
|||E||E|E|
|Fixed assets||908,170|226,095|1,134,265|1,129,385|
|Current|assets|158,814|66,473|225,287|252,204|
|Current|liabilities|(18,586)||(18,586)|(3,863)|
|||1,048,398|292,568|1,340,966|1,377,726|
##
##
##
||||Opening|Incoming|Resources|Transfers|Closing|
|---|---|---|---|---|---|---|---|
||||Balance|Resources|Expended||Balance|
|Glory group|||283|252|80|(110)|345|
|Organisation|funds/|||||||
|Under 5s|||2,184|13,278|3,369|(10,838)|1,255|
|Second Thoughts|||30,394|11,891|16,916||25,369|
|Manse fund|||39,750||||39,750|
|Special offerings|||9,426|11,281|12,443||8,264|
|Mission trips|||226|1,750|2,736|1,000|240|
|Building project|||175,465|47,905|37,025||186,345|
|Renovation|fund||50,000|4,936|28,883|4,947|31,000|
||||307,728|91,293|101,452|(5,001)|292,568|
|Unrestricted/||||||||
|Designated|Funds|||||||
||||Opening|Incoming|Resources|Transfers|Closing|
||||Balance|Resources|Expended||Balance|
|Capital fund|||914,170||6,000||908,170|
|General fund|||17,673|629,517|516,257|(117,194)|13,739|
|Contingency|fund||88,216|1,225||(5,749)|83,692|
|Community|||8,308|64,229|63,354|2,750|11,933|
|Mission 8 External||||||||
|Giving||||9,637|129,563|119,888|(38)|
|Lunch club|||1,017|2,967|2,435|(550)|999|
|Outreach|||460|2,933|6,545|3,612|460|
|Pastoral|||38,403|5,032|14,158|(2,900)|26,377|
|Repairs Holland||Road|619|||892|1,511|
|Youth|||417|27,043|30,872|4,252|840|
|Youth Mission|||715||||715|
||||1,069,998|751,963|769,184|5,001|1,048,398|
##
##
##
##
##
|professionally
qualified|A|ctuar|y|usi|ng the|P|rojected
Unit Method.|rojected
Unit Method.|rojected
Unit Method.||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||BDSDB plan||||
|Date ofvaluation||||||31|December 2019||||
|Market value ofscheme||assets|||||||||
|(A)||||||||8300m|||
|Technical provisions|(B)|||||||F318m|||
|Deficit [(B)-(A)]||||||||818m|||
|Finding
level [(A)/(B)]||||||||94o/o|||
|The key financial assumptions||||underlying||the valuation|||were as follows:||
|Type ofassumption||||||||||'/o pa|
|RPI price inflation
assumption||||||||||3.20|
|CPI price inflation
assumption||||||||||2.70|
|Minimum
Pensionable|Income|||Increases||(above CPI)||||0.50|
|Assumed
investment|returns||||||||||
|Pre-retirement
assumed||investment|||returns||(gilt yield plus||||
|1.75'/o pa)||||||||||2.95|
|Post retirement
assumed||investment
returns||||||(including|||
|benefits matched
by the||insurance|||policy) (gilt yield plus||||||
|0 5o/o pa)||||||||||1.70|
|Deferred pension increases (based|||||on RPI)|||||3.20|
|Pre April 2009||||||||||3.20|
|Post April 2009||||||||||2.50|
|Pension increases|||||||||||
|Based on CPI with an|annual||floor||of 0'/o|and||annual cap of|||
|5o/o||||||||||2.7|
##
##
##
||||FOR THE YE|AR ENDED 31 DECE|MBER 2022|||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|||||Unrestricted|Restricted|Total|Total|
|||||funds|funds|funds|funds|
|INCOME AND|ENDOWMENTS|||||||
|Donations
and
Offerings||legacies||519,187||519,187|528,178|
|Giff aid||||106,442||106,442|117,999|
|Fees||||27,043||27,043|5,060|
|Special offering
Donated services and facilities||||87,621|11,281
54,843|11,281
142,464|12,330
107,919|
|||||740,293|66,124|806,417|771,486|
|Other trading
Other income|activities|||916||916|838|
|Investment
income||||||||
|Deposit account||interest||1,374||1,374|297|
|Loan interest|||||||121|
|||||1,374||1,374|418|
|Charitable
activities||||||||
|Organisations|||||13,278|13,278|8,056|
|Second Thoughts|||||11,891|11,891|38,586|
||||||25,169|25,169|46,642|
|Total incoming||resources||742,583|91,293|833,876|819,384|
|EXPENDITURE||||||||
|Charitable
activities||||||||
|Wages
Social security||||326,295
25,562||326,295
25,562|335,557
26,357|
|Pensions||||39,939||39,939|45,509|
|Facilities||||69,957||69,957|97,593|
|Mission||||150,266|2,736|153,002|146,354|
|Children 5Young People||||30,872||30,872|6,795|
|Employment
costs||||(3,248)||(3,248)|(72,961)|
|Sundry Expenses||||66,791|12,523|79,314|49,666|
|Organisation|||||20,286|20,286|23,882|
|||||706,434|35,545|741,979|658,752|
|Support costs||||||||
|Management||||||||
|Administration||||49,235|28,883|78,118|31,905|
|Administrative||staff|||||61,774|
|Depreciation|oftangible||and heritage|||||
|assets||||6,000|37,024|43,024|53,110|
|||||55,235|65,907|121,142|146,789|
##
||FOR TH|E YEAR ENDED 31 DECE|MBER 2022|||
|---|---|---|---|---|---|
|||||2022|2021|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
||||E|E||
|Management||||||
|Governance|costs|||||
|Auditors'
remuneration||4,170||4,170|3,450|
|Accountancy|and legal fees|2,229||2,229|1,596|
|Bank charges||1,116||1,116|1,206|
|||7,515||7,515|6,252|
|Total resources|expended|769,184|101,452|870,636|811,793|
|Net income||(26,601)|(10,159)|(36,760)|7,591|