2023-12-31-accounts

Hertford Baptist Church Hertford Baptist Church 'Leading people i toagr wing r lationship with Jesus Christ, Port Hill Hertford A registered place of worship Registered Charity No 1131979 Report of the Trustees Accounts 1 January - 31 December 2023

Hertford Baptist Church HERTFORD BAPTIST CHURCH REPORT AND ACCOUNTS CONTENTS Pagè Trusloes, Report Irbdgpendgnt Auditor's Roport 10-12 Slalemenl of Financial Activities Balance Sheet 14 Notes to the Accounts 15-27 Summary of Accountg 28

Hertford Baptistchurch HERTFORD BAPTIST CHURCH Report of the Trusteos and Accounts for the year ended 31 December 2023 The trustees are pleased lo presenl Ihelr annual report togolh9r with the financSal statement of the charity for the year èndlng 31￿ ol December 2023 which is also prepared lo meet the requirements for the tru81808 report and accounts for submission to the Charity Commisslon. Th8 financial slalomonts comply with the Chatities Aet 2011, and the Accounting and Reporting by Charities.. Statement of Recommtsnded Practice applicable to charities preparFng their ac¢ounts In accordanc8 wlth the Financial R8porting Standard applicab19 in tho UK and Republ1¢ of Ireland IFRS 1021 (effective 1 January 20191. The financlal statemènts have been prepared io give a 'lrue and fair, view and havo departed from the Charltles (Aeeounts and Reports) Regulations 2008 onty to the extpnt rgqUIIBd to provlde a'lrue and fair vlew,. This departure has involved the adoptlon of the Accounting and Reporting by Charities- Statement of Recommended Prac(Ice applicable lo charities preparing thelr accounts in acctsrdance with the Financial Reporting StarKJard applicable in lh8 UK and Republic of Iréland IFRS 1021 for accounting p8riods beginning on or after 1 Jalluary 2019 lather than the Accounting and Roporting by Char¢lie5'. Sta16m8nt of Recommend8d Practice effective from 1 Apr¢1 2005 which has been withdrawn. In preparing this report, the trustees have taken note of all the rèquir8m8nts and guidance issued by the Charity Commission including the specifie guld8nc& for rellgious charllies on public benefit. The charity's pollcy Is lo pr8par8 ils accounts on an accruals basis and comply with 8pprovÈd aeeounting standards. Pagel I

Hertford Baptist Church HERTFORD BAPTIST CHURCH Report of the Trustees and Accounls for the year ended 31 December 2023 OUR PURPOSES AND ACTIVITIES The Corè Purpos6 of the Church is"Leading people into a growing r¢latlonship with Jesus Christ.. Ourvision and value sialements define the nature of thÉ church and its vislon for growth. The church $8eks tts encourage individual membtsrs to demonstrate these values in their own lives and the Calls lo Adton of the church a￿ expressed as'maèt God.. 'Make Friends,, 'Mak8 a Differgncè,. The church follows tho doctrinal basls contalned In Its governing document and saeks to apply this in today's socl$ty and culture. Tha ehureh's principal aim is to advance th8 Christian faith in Hertford and surrounding areas and through the Chrtstlan church naliona11y and worldwide, and lo serve the spiritual. emotiona5, moral and physical needs of Ihg local community. To help fulfil these oblecliv88, Hgrtford Baplisl Church maintain5 a regisler8d placè of worship and associated buildings, for Christian worship. fellowshlp, leachlng and cornmunlty acllvities. Public WQTship Sorvicgs are conducted every Sunday morning on the prém¥sÉs, which attract around 150 peoplg frorn tha local community each week. In addition, a range of evenlng and weekday actNltièg ar6 provided for all ages and many s8Ctlons of socièty. lo whlch all are welcome. To achieve the bèn8flts of smallw scale group aclSvities, Home Groups meetweekly for leamlng, mutual encguragemenl arld support. In addition lo our core purp088 Df Ihe advancement ol the Christian faith. and as an ¢xpresslon of that core purpose, tha chur¢h se¢ks to provide additional public bgnefil through th8 provision of aclivili8s such as lunch85 for Ihe elderly and breakfasts for men Ibolh once a monthl, Toddler Club, Baby Group and a youth club run on the prgmises conjunclion with Hertford YoLsng Life. Home Start meet weekly In the church premises and Place ofWel¢orne. a weekly coffee drop in cenlre. We continue engagorn&nt wllh the Ioc81 communty through project8 Including the Food Bank, Street Pastors and Futur8 Hope (working wilh young people dealing wlth erlses such as addiction, mental health pioblems and famlly breakdown), and facilitating a bTanch of a Christians Against Poverty ICAPI cèntre. The Church also supports a variety of projects caring for the poorest and n8gdlBSt around the world Ihrough soaal action and ovang81ism. staff Rev. DrAlan Ward, Baptisl Ministsr and Mlnlsty TÉ8m Leader Helen Ward, Ministry Leader for F8mllles, Young People and Community OulTeach Dawn Weston, Ministry Lead8r for Pastoral Care & Prayer John Goligher. Financo Adrnlrhlstrator. Anna Saunders, Office Secretary Pa8e12

k4ertford Baptistchurch HERTFORD BAPTIST CHURCH Report of the Trustees and Accounts for the year ended 31 December 2023 ACHIEVEMENTS AND PERFORMANCE Much of 2023 has been domlnaled by th8 seaTch for a new mlnlsler and a third person tr) complèta tho minlslry team with expertlS8 in children, young people and lamilies, and community oulreÈeh. On the recornmgnd8liori Df the Trustees. the Church Mgmbers appolnt8d thè R&v Dr Alan Ward. an accr8di1gd Bapti81 Minlslèr and Helen Ward who has extensive relevant experSence. They joined the church in SeplomL>or and together with Dawn W8Ston form Ihg Ministry Team. Over recent ygars and as a result of (he pandgmic the Church has gt8adily declined ir¢ number. Since Soptembgr the church has Iocussed on rekindling hope through dlfflcult times and joy al Christmas. There has b&on a new freedom in worship and numbers have begun lo climb. Services of public wor8hffip ar8 condvoted every Sunday rllorning ori tho pr8mises, vthich attracted around 150 PBople from the local community each week. Much work has gone into ifflproving the live stream of our 10.15am service. Improvements have enabled us to bTing lo an end our 9.15am onlina servlce and enable mOTe people to partieSp8tè In th& main moming serv1ce whgn th8 chuTch family gathers. Chlldren's and young peop18's activltlss are also provided on Sunday mornlngs and al other Ilmes wllh a significant increase Én attendance in the last quarter. Monthly Sunday evenSng gatherings for informal worshlp and prayerwore held throughout the ygar. During altlumn half term the church took part in 'Slreets of Llghl,. an InE￿at￿ve which brings a mess8gè of lovè. hope and light to the stréèis of cities and towns across the country coinciding with Halloween. Participants decorate windows with words and pictures around the theme which oro lit up durlng Ihe dark evenings. Tralls war8 prodU￿d and distributed, and many p8opl8joinBd together lo find streets of light windows. There were over 50 win(lows decor8t8d in and around Hertford and a light paty saw lots of children and young families gather and lake pa*L The church has regularly participated in the Hertfoid Christmas Gala. This is an opportunlly to get out into the Eown and engage with th8 Ioc81 community. This year we also took a stall al the Chrlslmas Market held in the grounds (>f lh$ Castle. Over the course of the weekend. we sang and spoke 10 1000s of paopl8. Over 80 volunteers, prepar8d resour¢8s, sang carols and gave away 1000 children's aclNity bags and Invitations to our Christrnas $8rvle8S. Throughout Advent the church pul on differont servi¢93 to engage the IOCBI community. A reft8cliv& service for those that may not hav8 falt Ilk¢ ¢elebratSng. A lamlly nativity with a live donkèy, crafts, photo backdTOP scene and refreshmènts. A contemporary carol servico that had tnore of a party feel wth mulled wlnè, r8frèshments and mustc afterwards and a carols by candlelight servic&. The services were well attended by the church family and lols of people from the eommunity. Thé church continues lo be adively involved wlth the community throughout the we8k In many and varted ways. including providing key input lo local organisalions such as Hertford and District Foodbank, FulureHop8, Young Life and th8 Christians Agairisl Povorty ICAP} debt centre in partnership with Christ Church W8re. T￿r6 were 180 Church Mgmbgr3 at the end ofthe year. P&gc13

Hertford Bdptistchurch HERTFORD BAPTIST CHURCH Report of the Triistees and Accounts for the year ended 31 December 2023 STRUCTURE GOVERNANCE and MANAGEMENT Governlng document Hertford Baptist Church is a charily r8gist8red wllh the Charity Commisslon No. 1131979, consllluted as an Unincorporated Charitable Agsoci2tion. 11 is govemed by a Foundation Trust 08ed d8led 16 November 1903 enrolled in the Central Office of the Supreme Court of Judicature on the 21 November 1903. by a constitution approv6d by the Charity Commis8ion on 5 Oclober 2009 and by Declar8llon of The Baptist Trusts for Chureh88 2003 and the Baptist Trusts for Manses 2004, dated 18 April 2006. The church is the beneficial owner of freehold proparty in Hertford, the legal lille lo which is held by the church's custodian trustèe. the Baptist Unlon Corporauon Ltd. Appointment of trysta8s Hertford Baptist Church is a fully independent organisatlon and the Church Membors. Meellng, normally held slx times a y8ar, is the d8cision-making body. The Church Membèrs, Me61ing appolnls Deacons who act as trustees. Tha appointmènt of Iruslees requires the sUPPOrt of not less than 50% éligtbla vo16s cast. Deacons are apptslnted for a period of three years and may seNe for two consocutivo perfods of three years before being required lo sland down for a minlmum ol one year. Two officer5. a Secretary and a Treasurgr, ara è18cted annually and aro @x offlclo deacons and trustees. Information is provided for those considering offering themselves for eleclir)n as deacons and ITUSt88S, 88 IS Induction and ongolng IralnSng for those elected. Organlsatlon The day-lo-day programme Bnd spiritual welfare of the church is the responslbllily of the Ministry Team, in con8ullatlon wlh the Leadership and Staff Tèams. IndIv￿Ual deacons h8Vè 8 lèad role in various a8pect8 oflhe church's ministy. The Minlslry Toam, deacons and trustees meet monthly to detèrmine, approvtr and monitor the strategy and progr8mmè of the church, lo receive financial reports. and lo undertake thè management responsibilities of thg charlty. and for prayèr. Thay meet annually lor an extsnded meeting lo cgnside¥ strategic devèlopmenl. Hertford Baptist Church is 8 mamber of the Baptist Union of Gieat Britain. ils regional org8ni98tion the Central Bapt18t Association. and a number of other organisations wilh which il identifies, including th8 Evangellcal Alllan¢o and the local ecumenical gTOUP, Hertford and Dislrfcl Churches Togolher. Page14

Hertford Baptisl Church HERTFORD BAPTIST CHURCH Report of the Trustees and Accounts for the year ended 31 December 2023 Related parties and co.operation with other organisations With the exception ol MinlslryTeam Members, who by nature ollheir appolnlmenl are trustees and also paid employees, non& of Iho ¢haTlty's other Iruslees receive remuneratlon or other benefits from Ihelr work with the charity as trustee. John Goligher is employed as th8 financial admlnislralor lor the church and was appoinl8d lo this position in Novembor 2014. Ho was r¢-appointed as Church Treasurer In January 2021. a rDle for which he is not remunerated. Any connèctlon bo￿@en a truste& or sonior manager of the charity with a supplier or external organlsalion musl be disclosed lo the full board of Irusl8os in tho samo way as any olhor conlraclual r&l8llonship w51h a related party. In the current year. no such related transactions were reported. Various organisalions are associated with the church and 1h8ir18aders are appointed by the Church Members, M8eling. Some of these small org8nlsatlons koap thèlr own accounts Ènd havè separata bank accounts,. none exceed £5.000 in Income or expenditure per annum. Other unrelated organisalions, which are compatible with fhe church's values, use the church p￿M*s&S and usually pay a nominal fee for doing so. There are no other legal or fomial links with related parties. Pay pollcy for sgnior 8taff The pay of senior staff is reviewed anllu811y and normally increased in accordance wlth average earnings. In view of the nature of Ihg charty, the trustees consider the advice of 'The Baptist Union of Gr8at Britain, whan sott1ng pay lavals. Rlsk managgm•nt A policy of contlnuous rfsk assessment and revlew is adopted. A suite of policies has been agreed by the Church Meeting. including a Health & Safety Policy. Thes8 policies are reviewed annually, and any r8Vl8lot)s rèportéd lo the eTnber3 at the AGM in May. A range of risk assessments, action plans and work actwities are carried out periodically. Built on a model document from the Bapti81 Union, a comblnod Safegu8rding Pollcy and ProCedu￿S for Chlldren. Young Peoplg and Adu51s at Risk has been adopted and 18 reviewed and adopted annually. The Pension and BUGB Tru8tee8 8eTII a joint Communica￿9￿ 8t the end of July 2022 to partSclpating church85 statlng that the pension scheme was no longer in deficit. This resulted in thg monthly debt catculations ceasing and the deficit contribution reducing lo £1 per month. Pag¢15

Herlford Baptistchurch HERTFORD BAPTIST CHURCH Report of the Trustees and Accounts for the year ended 31 Decernber 2023 FINANCIAL REVIEW Financial income is derived from voluntary donatSons and regular giving by church members and those who attend the church. supplernen18d by contiibutions to activities by th059 taklng part, and some Incom8 from the hiring of the prornises. Donations during the year of £142,140 were received through rggular offerings. This was 3 decraase on the previous ygar and the budg6ted target. A significant proportlon of the church's incorn8 Is glvèn. by way Df donations, lo Chrisvan mission and relief gTOUPS and training colleges. to individuals in tralnlng for Christian Se￿ICe,. people engaged in Chrtslian work, mostly overseas and through their commissltsnlng organisalions. Thèsè grants are approved annually by the ChLkrch MembeT5' Meeting and no commitment is made to grants in advance or lo future funding, wSlh the funding for such grants being raeèiv8d during the year of payFnenl. During 2023 th8 church was able, through the gener051ty of members and friendg, to maka donations lo exlsrnal cau58s amounting lo £32,271 or about 14010 of total non-capital expgndllure. A pastoral care fund is also available for immediate relief of need. Full disclosure of material grants mad819 included Sn the notes lo the accounts includlng the names of indivlduals ullimalely beneliling from matgTSal amounts. In 1997 H8rtford Baptist Church made a grant of £34k to a Local Ecumenical Partnership ILEPI in Ware ¢all6d Emmanuel Shar8 Church IESCI. This was a joint velllure b8tW8èn the Baptist denomination and Christ Church Ware. the local parlsh church. The purpose of th¢ grant was lo assist wilh the purchasè of 8 Manse lo be used by the Mlnlstar of ESC. In 2022, th8 members of ESC decided lo close th8 chureh and following the sale of the property. HertFord Baptist Churoh received a percentagg of the proceeds, proportional io thè original contribution, as pei the grant agreement. As a rosult. durlng the year the charity recowod £171k on tho closure of Emmanual Shared Church. The tru81ees have decided to inve81 thes& funds for a long-lerm return. RESERVE POLICY R8setves at the end ol the year 81tsod at £364,484. The trustees consider thé frèè r8s8Nas of £193.484 to bg adgquale forthe future PUTposes Of the church for the coming year. Funds arg'ie5tr1ctad' when given for8 sp8ekfic purpose and generally those are disbursed before th8 end of tho financlal ye8T. 'Designaled' funds are funds designated by the trustees lor a particular purpc>s8, and in the interests of clarity, the tallgible fixed assets of the church (land. buildings, fixtures, and flttlngs) which are not ntsrmally available for general purposes ar8 held as designated lunds. Thè expectation is that funds will be used for the fijrtherance of the church's obSèclives in the year recglved and Ihere are no speclflc Inv8slmof51 pawers. The policy is that rèsetves of unreslricled funds Ifre8 Tgserves} should normally b8 not lass than the equivalent of 3 months, expenditure and not gXC68d 12 months, expenditure. Reserves are currently the equlvalenl of 4 months budgeted 8xpèndllure, and the trustees consider this adequate for the y8ar ahead. Reserve funds should be readily accessible. Cash 1nvastm&nts should be mtained In high interest. Instant access, bank 8ccourEts. The proporty should be usgd to lurtheT thè alms Df the church and not used for investment purposes, 8XC6Pt for short- tèrm letting of th8 letnporarily vacant housing. Page16

Hertford Baptist Church HERTFORD BAPTIST CHURCH Report of the Trustpes and Accounts for the year ended 31 Deceinber 2023 PLANS FOR FUTURE PERIODS As the church grow8 across all age ranges, we will look lo grow and deepen our reliancè on Jesus in all areas of our lives and ¢r)MmunSly. We will seek lo Idèntlfy and develop leaders through all of our ministries with a special. although not exclusive, focus on the younger generation. We will provide opportunilles for our church family to gxplore Iheir faith, grow in ¢onfid8nc8 and experignco God for themselves. Those on the edge of tha community and new lo faith w511 be welcomed in and Invltad to loln us. explore faith. mak8 a cornmltment, and flnd ways to $8Tve alongside others through chuich activltles and in their everyday livos. We wlll seek further ways trj engage with local farnilies and provide new spaces ftsr th8m to gather and meo1 olheTS. Famili05' events will be held regul8rfy throughout the year to de8pon rBlatlonshlps and give opportunity to make new friends and meet God. W& will look lo èncourag6 and grow our curr8nl hotllP groups lo be a place of disclplÉship and support, and a vehlel& for outreach to the local Community. We alm lo slimulale and grow ttew communllies that will play a slgnlflcanl role in maturing the faith ol the church family and wlll gxlgnd filendship lo those who ar8 èxploring faith. Wè will continuè to d8valop our presence in Hertftjrd and on the intemel. Improvlng our1Svestream, website. and 80d81 media presence. W8 will look for ways lo partnor with other churches and org8nisalions in the local area and Intemationally lo improve the Iiv8s of olhers and lead people into a orDwlng relationship with Jesus Chrlsl. CUSTODIAN TRUSTEE No funds ai8 h&ld on behalf of others as Cuslodlan Trustee. Page17

Hertford Baplist Church HERTFORD BAPTIST CHURCH Report of the Trustees and Accounts for the year ended 3q December 2023 REFERENCE AND ADMINISTRATIVE DETAILS Charlty number.. 1131979 Church oifice- 13115 Chamb8rs Str8è1. H&rtford SG14 1PL Telephone.. [phone] Emall.. théoflica hertlordbo list.or .uk WebsS10'. www.h8rtfofdb8ptisl.org.uk Bsnkers.. Lloyds Bank plc. 516 MaEI(el Place, H8rlford SG14 1 DF Solicilors.. LDngmores, 24 Castle Street, Hèriford SG14 1HP Auditors.. SCB {Accounlantsl Ltd, 31 Sackvlllè Street. Manchester, M13LZ TRUSTEES Rev. Dr Alan Ward Baptlst Minislpr (AP￿l￿ted Sept 20231 H81gn Ward Minl61ry L&adeT lor FamS1ies, Young Peop18 8nd Community Outreach (Appolnled 41h Sept 20231 Dawn Weslon Ministry Leader lor Pastoral Care & Prayer Jerytrna Chandlar Appoinl8d 23rd May 2023 lan Davi8 John Gollgher Tr8asurèr" Hannah Hardlng Paula Hine Retired 2ytt May 2023 Sheila Know￿8 John Low Church SÈerèt8ry' Cloire Mabbett Appointed 23<4 May 2023 Clare Macpherson Apwlnted 23rd May 2023 Paul Nlcholson David Snell Retsred 31Bt Decembèr 2023 ' Church officers are appointed or re-appolnted annualty by mbmbèts vote at the Annual GeneTal Meeting In May. Page18

Heriford 13iiiilip I Church -.ÉJlYtki(J Ststsment of Trustee5' Responsibililles: The Truste05 are respansible for prepaiing Ihe Roport of the Tru51ees and the financid ststements in aG￿rdance with applicabl& law and Unitod Kingdom AccoLsnting Standards Ilhe Unll8d Klngdom Generally Acceptod Accuunling PrdLticel. The law applicAble to charities requirE5 the trustees to prep8r8 financial slalernents for èach financial year whi¢h givè e Irue and fair vlew of tho stale ol affairs of the charfty and al Ihe ircoming resources and applleats'on of resources for Ihal rlod. In preparing the8e accounts, the Irustees are requifed to: Se￿¢t suit8ble accounllng pJli¢ies and Ihen appty Ihem c(th818tently- obs8rve the methods and principles of the Charity SORP". make judgements and estimates that are reasonable and prudent: state whether applicable accounting standards have been follDwed, sth)j&ct lo any rn8terfal depariure8 disdosed and explaingd In the fIn8n￿aL slalemants., ￿￿pare the financlal statement$ on the going conc8rn basss unless It Is Inapproprlate to PTe8ume that lh8 ch81iLy WH contlnue In operation. The Iruste8s aro responslble for keeping a￿oUntIng records Éhat disclose wth reg$on2PJe 8CCLsraoy 8t any lime thg financlal posltlon of the charity and enable them to en8urè that the flnanaal statements comply wlth the Charities Aot 2011, the Charity (Accounlg and Reports) RegulalioTIS 2D08 and Ihe Constitution as Arnended 22nd March 2022. They arfs also responsible for safeguarding the assets of the charity and hence for tsking r8asonablg Steps lorthe prevention and detection of fraud and otrer Iriegulaiitses. The tnJst88s are responsibl8 for the maintenance and Integrtty ol thg charity and financAal inform8tioTr included on the charity'swebsite. L8glslalion In the UnitEd Kingdom governlng the pr8P8ralion and dis88mlnatlon ofllnancial staletnenls may dlffor from legislatlon otherjurfsdlctlons. ststement ol Dl¥¢losure lo Audhor In 80 fgr as the trustees ar8 awaie.. there Is N) relevanl audit infomiallon of whlch the charity's sudito￿ ar8 unaware., 8nd the trustees have taken all Sleps that th8y cAJght lo havo taken to makè themselves 8war6 of any relevant audll Infomiatlon and to estsbllsh that th8 8udltors are aware of that information. Audltor The auditor8. SCB (Accwnlanlsl Limited, wlll be proposed for re-appointment at the forthcomlng Annual General IAeeting. Approvèd by th8 T￿￿te9S on the .... .. .:/.Pc/s%At*.hv.Zgand signed on their behalf by: Thoma5 John S Gollghev. Treasurerrrntstee John Low, Chalr ol Trustees -fA- Ptgt19

Hertford Baptist Church Independent Audilor's Report to the Members of Hertford Baptist Church For the year ended 31 December 2023 Opinion Wè have audited thè financial statemen15 of HgTtford Baptist Ghltrch (the 'charlly'l IOT the year ￿ded 31 Decomber 2023 which comprise fhè Statement of Financial Actlvities. Balance sheet and Notes to the financial stalernenls, including significant accounting poll¢i9s. The financial reportlng fram&work that has applied in Ihelr préparation is appll¢able law and Unitèd Klngdom Accounting Standards, Including Financial Report¢ng Slopdard 102 The Financial Reportlng Slarnlard applicable In th8 UK and Republic of Irtsl8nd (United Kingdom Generally Acc8plÈd Accounting Practice). In our opinion the finat)clal statements.. give a Irug and fair view of the stalg of the charity's affairs as at 31 Decembgr 2023. and of its Incomlng resources and appSi¢alion of resources, including its Income and expènditure. for the year then ènded,. have been properly prepared in accordance with Unilod Kingdom Generally Accepted Accounb'ng Practie8', and have been prepared in accottlance with the Tequiretnenls of (he ChaThties Aet 2011. Basis for opinion We condueled our audit in accordance with Internallonal Standards on Audltlng IUKI IISAS IUKII and applicable law. Our responsibilities under those standards arè further described in the auditorresponsibilitièsfor the audit of theflnancial gtatèments section of our report. We are Indapènd8nt of the charity in accordance wlh the 8lhical requirements that arè relevant to our audit of the flnanclal statements in the UK. Including the FRC'S Ethical Standard, and we have fulfilled our other eth1cal respon5iblllties in accordance with these requiretnents. We believe that the audll evidence wè have obtained is suff5cionl and appropriate lo provldè a basis for our opiniun. Conclusions relating to going concern In audrf(ing the financial 81alements, we have concludèd that the trustees. use of the going concérn basis of accounting In the preparatioft of the financial stalgments Is appropriate. Based on the work we have performgd. we have not identlfiad any material unGertaintl&s relaling lo èvanls or conditions that. indlvldually or collectively, may cast signiflcanl doubt on thè ch8rily's ablllly to conlinue as a going concoTn foi a period of at least twelve months from when the finallcial statements are aulhorised for Issue. Our responsibilities and the responsibili1185 of the trustees with rèspect lo going concerll are d￿Cribed in the rglevanl $o¢fjons of this report. Other infomialion Th8 Trustees are responsible for the other informallon. The other infr)mation compTises the information included in thè trustees anllual report, other than thè financial statements and our auditorf5 réport Ihereon. Ouroplnion on the financlal siatements daes nol cover the olhor informallon and. except to the extent otherwise 8xpllcltly slaled in our report, we do not gxprèss any form of assurance conclusion th8r80n. In connectlon with our audit Df the flnancial slalèmÈnts, our responsibility is to read the other inforfflation and, in doing 50, consider whether the othor in*ormation is materially inoons151enl with the financial slalements or our knowledge oblain8d In the audit or othemlse appears to b8 mateTially misstated. 11 we identify such material Inconsistencies or apparent matarial misslalemgnls, we are require{5 to determine whether this gwes rise to a material mi55talemenl in the f1nanclal statements themselves. 11. bas8d on Ihe Work we hav8 pBrformed, we conclud8 that there is a materlal mlsslalemènt of Ihls other infomatlon. we are requlrèd to report that fact. We have nolhlng lo report in thls r8gard. MatteTS on which we are required lo report by exception In the lioht of thè knowledge and understanding of the charity and lis environment obtained in the course of Ihe audit. we have not Identified material misslatemenls in the trustee's report. We have nothlng to report in respect Df the following matters in relation lo which the Charities (Aecounls and Reports) egulations 2008 wulre us lo report to you If, In our opinlon: the informatSon glven In the finan¢lal statements is inconsistent In any material raspecl with the trusleos, report- or the charlty has not kept adequat& accounting records., or Pase | 10

Herlford Baptist Church the financlal slalemènts 8r8 not In agreement wlth tha accounting rewrd5 and relums; or certain disclosures of Tiustees, romuneratlon specified by law are not made-, 01 we have not Teceived all th¢ infomialion and explanations we requirg for our audit. Responsibilities of Trustees As explained more lully in thÉ trustees, resporTrsibililies siatemenl, the liuslees are responsiblè for the preparation of the Ilnancial statements and for being salisfiod Ihatthey give a truè and falrview, and for such internal ctsntiol as the trustees delermln¢ Is ne￿SSary to ènable the preparation of financlal statsm8nts that are freg from maleTial ml8slat¢menl. whalher due lo fraud or error. In preparing the flnancial slalern8nts, the Iruslees are responstble for 8ss6ssing the charity's abllity lo contlnue as a golng concern, disclosing, as applicablè, matters related lo going concem and usin9 the going concern basis of accounting unless the truste88 ellhèr Intend to liquidalg th8 charlly orlo cèasè operallon5, or have no realislic allemaliv$ but lo do so. Auditor respovsibililies for the audit of the financial statements We havè been appoinlod as audllor under sèctlon 145 of th8 CharflSes Act 2011 and report In accordance with regulations madè under seclton 154 of that Act. Our objectives ara lo obtain reasonable assurance about whether the finanolal siatements as a whole are free from matorial misstatement, whether due lo fraud or error. and lo issue an audilols ieport that includ@s our opinion. Reasonable assurance is a high 19v81 of assurance, but Is not a guaran198 that an audit conducted in awordance with ISAS IUKI wlll always detect a rnatorlal misstatement whèn it exists. Misstalem8nts can arfse from fraud or error and are consid8red mat8rial if, individually or iri the aggregate, they Could reasonably bè expected lo influence the oconomlc decislons of users taken on the basls of these financial statements. Th8 extent to whlch our procedur&s capable of dgtectlng Irregularilles, includlng fraud is dètalled below.. Irregularities, Including fraud, 8re instances of nOn-￿MplIance with laws and regulations. Wtr design proc6dures In Ilne with our respollsibilillas, ouuined abovo. to detect material tnisstalements in rgsped of irregu181itiès, including fraud. We gained an understanding of th8 lèg81 and regulatory framewoTk applicable to the charity and th8 industry in which il operatès. and considered the rlsk of acts by the BharSty that were contrary lo appllcable laws and regulatlons, includlng fraud. We discussed with the trustees the policios and procedures In place regarding compliance with laws and regLJlatlons. We discussed omongsl the audit leam the id8nllfled laws and regulations, and remalnad alert lo any Indications of non-compllanca. During th8 Audit we focu8sed on laws and regulafjons which could raasonably be expethed lo give to a materlal misstatement in the finanaal staletll8nls. including, bul not limited to, the Charity Act 2011, SORP 2019 and UK lax legislallon. Ourtgsls Includgd agreeing tho financial statement dlsclosures lo underlying supporting documentation and enquiries w￿h management. Our procedures in relation to fraud included bul wgre not Ilmiled to-. inqulr6s of man8geThent whelher thèy h8V6 any knowledge of any actual. suspected or alleged fraud, and discussions amongst the aud11 team rggarding risk of fraud such as opportunltles lorfraudulenl manipulation of flnancial statements. We d81Èrmined that the prlnclpal risks related to posting manual journal pntTie3 lo manipulate flnanci81 performance and management bias through judgèmènts in accountlng eslim81os. We also address8d th& risk of managetllgnt override ol internal controls. includlng tesling joumals and appropiiateness of olhoT entries in the nominal1@dger' reviewing transactions around the end of the reporting period- and 8valualing whath6r there evidence of bias by the IrustEes that repres8ntad a rEsk ol material mlsstalement duè lo fraud. BgC8use ol the inh6r6nt Ilmstalions of an audit. there Is a rlsk thal we will not delect all irregula￿lieS. including tho80 lèading lo a material mi5slatemenl in the financial statements or non-compliance with r8gulalion. This risk Incr&ases th8 more that compliance with a law or regulation is rèmoved from the 9vents and transactions reftected in the finanelal slalemgnls, as we will be lessllkely lo bocome sware of inslancos of non-compliancè. The risk Is also greater regarding Irreg￿laritieS occurring due lo fraud ialher than error, as fraud involves intenlional cOr￿alm9nl, lorgery, collusion, omission or misrèprèsentation. A further description of our wsponsibllities for thè audit of Ihg Ilnan¢ial 5talemenls Is locatèd on the Financial Reporting Councll s websitè 2lwww.frc.org.uklauditorsresponsibillties. This description forms part of our Reportof Ihg Independènl Auditors. Pagel 11

Hertford Baptistchurch Use of our report This report, Including the opinions, has been prepared lor and only for the charity's trustees as a body in accordancg with section 145 of the Charllles Act 2011 and regulations made under section 154 of that Aet (Regulation 30 of the Charities (Accounts and Reports) Regulations 20081 and for no other purpose. To Ihe fullest extent permitted by law. Wg do not accept or assume any r8sponsibillly Its anyone olh8r than tho oharlly and the ¢harltls Iruslee¥ 85 a body, for our atjdlt work, for th18 rèport, or for the opinions we hav6 formed. Mr Jeffrey or (Senlor Statutory Auditor) For and on behalf of SCB (Accountants) Ltd 31 Sackville Street Manchester M13LZ Date . 0811012024 Pagel 12

Herlford Baptist Church HERTFORD BAPTIST CHURCH statement of Financial ActiNryties for the year ènded 31 Dec8rrthr 2023 Unrestricted Deslgnated Rostrlcted Total FundsTotal Funds Funds Funds Funds 2023 2022 Income frf)m: Donations and 18gacies Regular Offerings Special Gifts & Legacies Ihankofferi Glft Aid recoverabte CharitalA8 actimties Investments- bank interest Other Use of propefty Repayments 142,140 182,12e 1,413 1,585 143,553 194,841 3,535 32.474 1,005 4,892 145.484 42,473 6.960 31,729 1,472 968 11,130 3,535 634 31,522 1.005 4.892 318 44,776 229 44.776 229 38.465 316 Note 15 406,690 3,316 425,305 267,867 Expendlture on: Charitabte A¢fili￿o$ Local Ministry Support Costs 1>8nts payable.. Nalonal Mssion Wodd Mlssion Fuknre Mission Thankoff&ring & Special Note 3 191,581 13,244 73,449 265.030 13.244 236.1 11,473 Nots5 Note 5 12,755 16.516 3,000 12,755 19,D36 3,000 13,260 23,458 2.520 Note 5 4,800 1,525 6.325 Total te6 237.096 78.249 4,045 319 390 284,376 Net Inoomel{eypendllurel 119.594 162,9501 17291 105,915 116,5091 Transfers b8knn Funds 117.0251 16.913 112 152,569 146,0371 1617) 105,915 116,5091 Other recognls•d Galnslllosse$): Actuarlal gainslllosses) on definod ben8fit Pgnsion schemes Net Mtyvement in Funds 100,000 152,569 146,0371 (6171 105,915 83.491 Reconclllatlon of fund$: Total FurKls Brought Forward Notes 15. 16 & 17 211,915 2.023.160 1,934 2,237,009 2,153,518 Total Funds Carried Forward Notes 15, 16 & 17 364,484 1.977.123 1,317 2,342 924 2 237,009 There are no recognlyed gans and bsses olher Ihan the re5uIi for the year. Al of the Church's a¢￿￿tieS are cLissed as continuing The ngtes number8d 1 to 20 form part of these accounts Anatysis of thè comparative funds in the prthrious year (2022} Is PTOMded In Nole 9. Pagel 13

Hertford 13ai)li st Church HERTFORD BAPTIST CHURCH BaLence Sheet at 310ec8mber 2023 2023 2022 Notes Fixed Assets.. Tanglbb Flyod Assets Note 11 1,925,Q08 1,975.737 Current Assets O¢btoTs Cash 01 bank and in hand e12 No(8 13 32,474 407,631 31,709 238,092 Totsl currentassels 440.105 269.801 Ltablllii8s- Credltors.. arwunts falling due wilHn 1 year Note 14 1211891 18,5291 Net current asse 417,918 261,272 Total a5S8ts IESS Gtirr8nt hablllles 2,342,924 2.237.009 Totalnet assets 2,341924 2.237,D09 The fvnd8 of the charhy: Unre5tr1ctBd Designated R&8tricte Note 15 Note 16 Nots 17 364.484 1,977,123 1,317 211.915 2,023,160 1.934 2,342,924 2,237,009 Approved by the Dlacon#t• on , Trust•• Tho notss n￿bered 1 - 20 form part of these Accounts Page114

Hertford Baptist Church HERTFORD BAPTIST CHURCH Notes to the a¢¢ounts for thg year ended 31 December 2023 l. Accountlng Pollel•s The principal accounting policies adopted. jLsdgem8nts and key sources (rf aslimallon uncortainty in the preparation r)f Ihe financlal statements are as follows.. a. Basls of Pr*paratlon Tha accounts ar8 prepared in accordanc8 With the Charities Statement of R0￿Mmended Pr8ctlc8 Icharili8s SORP 20191. FRS102 and wlth thg Charities Act 2011. The financial statements have b¢en prepared lo givè a 'true and falrf vlew and have dÈparted from tho Charftiès IAccounls and Fieports) Rogulalions 2008 only to th6 extent requlred to provlde a 'lrue and fairf view. Hertford Baptlst Church meets thè definition of a public bengfil entity under FRS 102. As$8ts and liabilllies are inltlally recconis8d at historical cost or IransactEon value unloss Dtherwise slatèd In the relevant accounting pollcy nololsl. The financial statements are prepared In slerting, whlch is the functional ourfency ol the Ch8rlty- Monetary amounts In these financial statements are rounded la Ihe nearest £. b. Proparation of th8 accounts on a 90ing conc&m basts In order lo assess the appropria18ness of Ihe going coneèrn assumption basis. the Trusleos have considered th8 church's financS8l position, liquidity, unrestricted resèrvès and forecasts for the foreseeablo ful￿re taking into account the principal rlsks lo whlch the oharlty is exposed. Th8 Trustees have considered the itnpact of a severe economic outcome on Hertford Baptist Church and the Èffèctivèness of management actions that mlghl be taken lo mltlgale Ihe Impact of thls stress. Trustee5 have also consldéred the clrcumslances under which the actlvltles of the chureh would be unable to continue. After taking into aceounl the current level of the charity's cash and reserves and the financlal performance since 31 December 2023, the Trustees hav& conoludsd that the rl8k of thi5 sllualion occurrlng Is remote. Accordingly. and aftèr making appropriate enquiries, the Trustees have a reasonable expectatlon that the charity will be able lo continuè in operallon and wnget Ils liabilities as they fall due for al least hNelve months from the da18 of slgnlng f Ihls report. On this basis these financlal statGments hav8 boen prepared on a going concern basis. Income Incomè Is recognised when the charlty has 8ntillemenl lo the funds, any performance conditions attached lo the Iletllls} of income have been mel. it is more likely than not that the incomg will be received and the amount can bè measured reliably and is not doferred. Income from government and other grants, whelher'capiial, grants or'r8v8nue' grants, is rgcognised when thè eharity has entlllemenl to the funds. any perfomiance conditions attached lo the grants have been mel, It is more likely than not that tho Income will be recelved and th8 amount can be mea8ured reliably and is not deferred. Legactes are accounted fDr when probate has b8on completed, the amount of the lagacy can bg rellably quanltfied and the condillons of the legacy are wllhln thè control of the church. One such18g8cy has be8n notified foT thg currént year (20231. One such lega¢y was also notified In Ihe previous year120221. Pagel 15

Hertford Baptist Church HERTFORD BAPTIST CHURCH Notes to the accounts for the year ended 31 December 2023 d. Donated service5 and facllltles Donated professlonal seTh¥ices and donated facllllles aro recognlsèd as income whgn the charity has control ovér the item, any condltlons asstsclaled wlth the donalpd f(em have been met, thé rèceipt of economic benellt from the use by the charity of Ihg item is probable and that 6conomlc benefit can be measured reliably. On recelpl. donated profèssional sèrvices and donalod facilitiès are recognised on the basls L>f the value of tha gift lo the charity, which is Ihe amoltnl the charity would have been wS1ing lo pay lo obtain services or fa¢ilities ol equiva5ent economic benaflt on the open market., a corresponding amount is then recognised in èxp6nditure in the peTi(Kl of tee8ipI. No such servlces or facili1188 hav8 been donalod in the curr8nl120231 or previous120221 years. In accordance with the Charities SORP IFRS 1021, tha ganeral volunteer lime ol the church members wider church fellowship is not racognlsed In financial t8rms. Refer to the Iwstoe5' annual report for more infomialion about thelr conlributS0n. Interest Receivabl* Interest on furids held on deposit is includèd when recgivable and thè arnounl can be measured reliably by thè charity- IhÈs Is normally upon notification of the interest paid or payable by Ihe bank. Fund Accountlng Unrestric19d funds arè avallable lo spend on act1v￿leS that furthei any of the purposes of the chLErch. Designated funds are unrestricted funds of the charity which the Iruslees have de¢ided al Iheir discr8tion lo sel aside to use for a specific purposa. In the ev8nl of Ihe intended purposé not requiring the rnon8y such funds could b8 rèturned lo general use. The aim and use of each designated fund is sel out in the notes to the financial statements. Reslricled funds are donations whleh the donor has speclfied are lo be solely used for particular ar8as ol the church's work or for spocific projects supported by tho churGh. The aim and usè of each reslricl8d fund is set out in the nol&s to the financial statements. The church has no endowTll9nt fvnds. g. Expendlture and irr8coverable VAT All expenditure Is accounted lor on an accruals basts. Expènditure Is recognisgd once there is a lega1 or ¢onstructlve obligation to make a payment to a Ihlrd party, 11 Is probable that setdement wlll be ¥equired and the amount of Ihg obligation can bè measLkred reliably. All oxpendilure is dassilièd as relating lo chafitable aciivilies. Th888 activiti8s are further ¢la5sified belweèn.. Local Ministry Ito which all gtW8rn8nce and support costs Bre attributed) Grants payable Irrecoverable VAT is charg8d as a cost against tho act1vlly for which the &xp&nditure was in￿rred. P#8el 16

Hertford Baptislchurch HERTFORD BAPTIST CHURCH Notes to Ihg accounts for the year ended 31 December 2023 h. Allo¢atlon of 5UPPOrt costs Support costs are thoso that assist the work of the chuTch bul do nol dlreclly rèpresent charitable actlvlties. Support costs include office costs, payroll and other praf8s8ional services and govemance c08ts whlch support thè ehurch'5 activities. These costs have been allocated entirely to10¢81 mlnistry. Decisiorks on the awarding of granls do not Incur support costs as they are mad& by thg church mèmbèrs in the church WllEetlng. based on information provlded by the Iruslees and other mèmbèrs. No 5UPPQrt 5tsff time is attrTrE )ut8ble lo the grallt awarding process. Operatingloasès The chuffh c18ssilies the lease of the office prlntorl¢opier as an operatlng lease,. the tille lo the equipmgnt remains with the lessor and the equlpmenl is replaced every 5 years while the econorni¢ lifé of such eguipwnent Is normally 5 ygars. Rental chargès are charged on a stralghl line basls over the term of the lease. Tanglble flxod as$&t$ In D8cember 2011 all freehold land and buildings were surveyed and revalued al ¢urrent market r816s by lain Davies MRICS and on the advlce of the audltors values for land and buildings w8rè assessed separately. The church and halls are shown al their falr value for reallstlc alternative use of £600,000. 13115 Chambers Slroel, Hertlord. currgnlly used as offices and meeting rooms, are shown at the fair value assigned to Ihem if Ihgy were to revert to residential use. Bulldlngs, irnprovements, fixtures, flttlngs and equipment oo51ing £4,000 or more are capilalised at cost. Freehold lènd is not depreciated. Other fixèd assets are depr¢Giated over their estimated us9ful ecortomlc live5 on a slralght line basis as fDIIows'. Freehold bulldings are depTeoaLed over 50 yèars following the revalLJallon in 2011. Fixtures, fillings and equiprnenl are depreciated al a ralo of 1 Oyo per annum. On this basis, the organ, pews and Dther fixtures and flttings wlthln th8 church would hav8 been fully depr8clated al 31 DècÉmber, 2019. As these Items are all In continuing usa, thay were revalued at Iheir insur8ne8 valuations al 31 December 201 g,. oigan £146.74812018 NBV £4,485) pews. etc. £121,48012018 NBV £2,062). They have been depreciated In the current year at a rate of 10Yo pèr annum. k. Debtors Debtors are recognlsed al the settlem8nt amount due. Prepaymenls are valued at the amount propaid nel of any trade discounts du8. Cash at bank and In hand Cash at bank and cash In hand includes ￿$h and short tèrm highly liquid investments with a short maturity of three months or18ss from the dats of acquisition or openlng the deposit or similar account. Th&se short terrn highly Ilquid invéstments are valLJed at the initial investment value. m. Crédltors and a¢cruals Credltors and aecruals are ye￿9￿1$ed when the charity has a presonl ob11gation resultlng from a past evènt that will probably result in the transfer of funds lo a Ihlrd party, and Iha amount due to 88tUe the obligation can be measured or éstimated reliably. Creditors and accruals are naTmally eslimal8d al their setllernenl 8mount afterall¢)wing for any trade dl8counls due. n. Penslons The church was prevlousty a partlclpating 8mployer in Ihg Baptist PensEon Scherlle I'the Schemè) whleh is a sepaTal@ legal entlty adminislored by the Pènslon Trustee (Baptist Pension Trusl Llmiledl. The assets of the scheme are held separdt81y from those of Ihtr Employer and other partiLipating employers. A ce88Btion event occurred in 2022, but no liabilities ar95e because the Scheme was fully funded. P28el 17

Hertford Baptist Church HERTFORD BAPTIST CHURCH Notes to the accounts for the year endod 31 December 2023 The Pension Trustee18aplisl Pension Tmst Limiledl, conlinugs to conslder the Scheme lo be fully fundgd and there arè no liabilities. Thè church does not conlributo lo any defined ￿nOfft pension schgme for its èmployees. o. Related Chariti•s The custodian Tru81ge of the church is the Baptist Union Corporation Limited which is charlly number 249635, and which is controlled by the Baptist Unlon Council. Thp chLJreh is also a member of the B8ptisl Union of Great Biltain, and ihe Contral 8apll$l A$s(￿ation. The church mad8 a donation lo th8 Baptist Unlon Horne Mlsslon Scheme as set out In note 5. p. Tax Exemptlon charity is exempl frorn lax on Income and g8lns falllng wllhln section 505 of the Taxes Act 1988 strdon 252 of the Taxation of Chargeable Gains Act 1992 to tha èxlenl that these are applied lo its chailtablg objects. q. Flnan¢lal Instrument8 The charity only h8s financial assets and flnanclal liabilities tsf 8 klnd that qualify as baslc flnancial instruments, Baslc financlal instrurnents are initially recognised al transaction value and subsoquenlly measured at their selllemenl valu with the exception of bank loan8 which are subsequently rll88sured ot amortised cost uslng the effective Inlerost method. Judgement and key sour¢e$ of è$tlmatlon uncertainty Estlrllales and Judgements are continually evalualgd and are basad on historlcal axperlence and other f8Ctors,includlng xpectations of lulure evants that are believed to be reasonable undèr the elrcumstancgs. The Irusl makes estsmatès and assumptions concerning the futur8. Th& resulting accounting estlmates will, by dèfinition. seldom equal the rèlated actual results. The eslimales and assumptions that have a slgnificanl risk of causing a material adjustment lo the canyng amounts of assets and liabllltlès within the next financial year are addresséd b810w. 111 Useful èctsnomic lives of tangible assets The annual depreciation charye for tangibl8 assets sensitive lo changes Én the eslimaled uS￿ul economic lives and residual valuès of the assets. The useful economic liv85 and residual values are r6-ass6ssed annually. They are amgnded when neeègsary. 1111 Golng concern The Irusl898 conslderthe Ir¢Jslto b8 a golng concem, forlhg rèÈ8ons as detailed In a¢counllng policies to thèsè financial statements. The estlmates and undorfying assumptions ar8 r￿E￿Wed on ar) ongoing basls. Revisions lo awounlSng eslimales a reeognised in tho perlod in which thè èstlmale is revlsed wh8re the revision affects only that period. or in the p6dod of the rèvlsion and lulurp pertods whare the r8vlsion affects both curront Ènd future periods. 2. Legal Status of the Church Hortford Baptist Chur¢h is a regislerod ohadty no. 1131979 and the d)Ltrch building is a règlslered place of worship. Pagel 18

Hertford Baptist Church HERTFORD BAPTIST CHURCH Notés to the accounts for Ihe year ended 31 December 2023 3. Local Nthnlstry Unrgstrlcted Deslgnated 2023 2023 Restricted 2023 Total 2023 Total 2022 Prenrris85 Depreciati£ Ministy ChurGh A¢liiAties Ojtreach Actimties Enabling Act'irittes Bank charg88 44.879 44,879 71.825 83.343 13,505 6,481 44,900 97 265,030 236,185 35,053 70,366 78.507 5,850 5,219 41.186 71,825 83.343 13,505 4,￿7 44,900 97 191,581 1,624 73,449 2Q122 totals for unr8Strictsd, designated and restricted funds 163,136 73,049 236,1 4. Support Costs 2023 2022 Audit fee Professiond fees S8cretsrial 6.300 5,223 1,721 5,874 3,995 1.604 13.244 11,473 GDvernance ¢osts are attributed 8ntiigly lo local ninlstry Is8e note Ihl and unrestricted funds In both 2rJ23 and 2022. The Professional lees relats to othar linancial seNces from the auditor, letting agenY8 fees and 8dwce I￿ardIng GDPR pollciès. Pag¢119

Hertford Baptist Church HERTFORD BAPTIST CHURCH Notes to Ihe accounts for the year ended 31 Decernber 2023 5. Grants for Mlsslon Unrèstrlcted D•skJnated Rg$lrlcled 2023 2023 2023 Totsl 2023 Total 2022 Natlonal Pllsslon Baptist ICBAI Future Fkjpe HèrtFord Young Lif8 Othars 5.800 2,855 2,500 1,600 12.755 5,800 2.855 2.500 1,600 12,755 5.800 2.500 2,500 141 13,2eO 2022 totals for unr65tricled. de81gnaled and restrlcted funds 16} 1196 12,960 World Mission BMS World Mission BMS Relief Fund (fvr societies Peop18 Intsrnational (to SLEPPDrt a Gouplel SIM (to support 1 perSc￿l Interserve IM LeRoyl Matiza Family12020 OMI Latin Link IW Oawes} 5,800 2,000 520 7,800 520 10.773 283 160 (i) 3.690 2,061 1.365 3,600 3,690 2,Q61 1,365 3.600 3,690 2.061 1.365 3.600 1,526 23,458 16) 16.516 19.036 2022 totsls for unrestricted, designaied and restricted fund5 {81 18,510 4,948 Futurg ME6slon Spurgèons College All Nations Chrlstian cl￿ege 11) 1,500 1.500 3,OtKJ 1,500 1,500 3.000 121 2022 totaPs for unrestricted, deslgnated and resiricted funds Thankoff•rlng & SpecFal Appoal Thankofferlng Special Appgal 121 4.800 4,8(KJ 1,525 6,325 1,525 1,525 131 4,800 21Y22 totals for uwestrtcted, dosignat8d and restrict¥l funds 1512022'.141 soparate grants wore paid wl to instikntion8.The number of grants wode in each category ar dI￿k}Sed 8boNE in brackets. Some single grants a￿ paid in mnthty or quarterly instslment& Pk) support costs are apportioned to ts pay￿￿￿1 of grants to Mission. Page | 20

Hertford Baptist Church HERTFORD BAPTIST CHURCH Notes lo the accounts lor the year ended 31 December 2023 6. Total Expendltura staff Costs Premt5e$ Costs other Total 2023 Total 2022 Local Ministy National Mission Workl Mission Future Msslon Ihankoffering Spaeial App8a15 (>)￿rnanCe 105.668 116,704 42.658 12.755 19,036 3,OOCI 4,800 1,525 13,244 97,018 265,030 12.755 19,036 3,000 4,800 1,525 13,244 319,3 236,185 13,260 23.458 11,473 284.376 105,668 116,704 Tcrtal eypendllure ¥Yas £318,928 12022.. £284,376) Df thich £236,634 unrestricted12022'. £206,08671 £78,249 designatsd {2022.. £73,049} atMI £4.045 was restricted12022.' £5.2401. 7. Analysls of staff costs. trustee rgmunoratlon and e¥ponsBs and the ¢ost of key Managen￿nt personnèl 2023 2022 Sts"pgrtds, Eypensès & Wages Soc181 Security Costs Penslons Costs 98,756 3.277 3.635 105,668 90,536 3.240 6,076 99,852 No employ6es had omployaa berteflts in gxcess of £60,00012022'. nil). Pension costs are allocated to actimlles in tryxjrtion to the related staffing ¢osts incurred and are Charged to unreslrl¢ted fund5. 3 pastors were remuner8kd £54.211 12022: 2 pastors £48,594) using scales recommnded by the Baptist Unlon and according lo the re￿Want agreementwith Ihe Charity Comrnisslon. 1 trusiee WdS remunerated £23,20312022.. £21,671) during the year for Mvrk not related to his rde a5 a trusteg. In total , all trust88s, InclEMJlng paStors,￿ere rettwnoraled £77.10812022 .51,3601. No charity tNstee rEcei￿d payn*nl lor profe￿0￿81 or other seNces supplied to ihe charity 12022.. niD. During thè year. pho￿, travd and m8al ewenses totaifing £478 were reimbursed to 1 pastors and 1 trustée12022.' phone, travel meal expenses of £1.052 10 2 paslors and 1 trusleel. In addlllon, 3 paslors and 1 trustees made purchases totalkng £2.741 on beh8K of the church arid wer8 réimbursed 12022.. 2 pastors and 2 trustee, £2,CKJ51. In &Jdldon to Ihe trLkSte¢s. Ihe key management p8rsonnel of P￿rtford Bapdst Church ¢rM7wrise Ihe church office secretary and tre adninistrator Iwho arè ènN)IDyeesl and the book-keepar . the cashi8rs arhd the ywih and ohildren's Tht)rk ad￿￿nIstratOr (tho are volunlaèrsl. Tre total emptyee benefits of the key management PeTsonne1 of the trust are not trustees {1 indiMdu81} ￿ere £17,208 12022.. 1 indimdual, £16,041). Pa8¢121

Hertford Bapti£tChurch HERTFORD BAPTIST CHURCH Notes lo the accounts for the year ended 31 December 2023 8 Staff Numbers Averagè Number of Employees 2023 Number 2022 Number Minislors Team Leader for Pastoral Care & Prayer SecretarieslAdrrMnistralors (all part-tirYEI Cleaner Ipart-time) Pag¢122

Hertford Baptist Church HERTFORD BAPTIST CHURCH Notes to the accounts for the year ended 31 December 2023 9 Comparativè flgur&s {2022) for the separate classes of funds shown In total on the fa¢9 of the SOFA Unrestricted Designated Reslrlctèd Total Fund8 Funds Funds Funds 2022 Incom8 from: Donations and ￿g￿el@s RegulaT Off8rings Spècial Gifts & Legacies Thankoffering Gift Ald rèco%Erab charilab￿ a¢￿￿tIeS In￿lMents- bank Interest Olher Use of property Rgpayments Total 145,484 2,622 145,484 42.473 6.96LI 31,729 1,472 968 37,552 6,960 2,007 2,299 29,512 1,472 210 38,465 316 218,839 38,465 316 267.867 46,519 2,509 Expendlture on: Charltable act1￿￿&S Local Ministsy Support Costs Grants payakAe', National Mission World Nlssion Total 163,136 11.473 73,(149 236,185 11,473 12,968 18,51CS 2Q6,087 292 4.948 5.240 13.260 23,458 284,376 73,049 Not Incon￿(E>PendIt(tr6> 12,752 {26.5301 {2.731} 116,5091 Tran8fers be￿n Funds {30,664} 31.389 {7251 17.912 3,456 16.509 Other rècognlsed GalnsllLo$s*s}Galns & (Lo559s} A¢￿ar￿al gainslllossesl on deflned benefit pension s¢hèrne Net Movement In Funds 100,000 82.088 100,000 83,491 4,859 (3,456} Recon¢lllatlon of Funds: Tota1 Funds Brought Fowdrd al 1 January 2022 129,827 2,018,301 5,390 2,153,518 Total Funds Carrled Forward 8131 Decetllbsr 2022 211,915 2,023.160 2 237,OL19 Poge | 23

k4ertford BaptistChLArch HERTFORD BAPTIST CHURCH Noles to the accounts for the year ènded 31 D¢¢8mbor 2023 10 Rglatod party transactlons Cbs8 famiw mmbars of the trustees and key management personnel of Hertford Bapb81 Church are rggardgd as rfylalpd parties for Ihe purposes of these accounb. The majority of thase péopl8 are Ihemselves members of the church. The total amount of donations reCei￿d wlhoul Conditions from trustee8 and connocted parues Wds £26,65512022 £23,060). No ejpenses were pald to any relatsd paty12022.' nill. 2 person rekted to the trustees made purchases on behall ol the church and was relrnbursed £23812022.'nll l. reimburSen￿ntS ￿tre made lo parties related lo tho key rrKgnagement personnel12022'. nill. 11. Tanglble Fixed Assets Frèèhold Land Frg8hold Bulldlngs Flxture Flttlngs & Equipmont Total Costvrfaluatlon At 1 January 2023 Additions Al 31 Decernber 2023 Dfyprgciatlon At 31 Decertjer 2022 char￿ for tre year Al 31 DeGember 2023 Net Book Value Al 31 Decembèr Al 31 Decembar 2022 468,000 1,595,220 462,605 21.096 483,701 2,525,825 21,0 2,546,921 468,0( 1,595.220 346.994 31,W 378,898 203.094 39,921 243,015 550.088 71,825 621,913 468,QOO 468,1100 1.216,322 1.248,226 240,686 259,511 1.925,008 1,975,737 Frgehold Land and Building$ In D8cember 2011 all freehold land and buildings were Su[￿Yed and rèvalued al current market rates by lain Daifjes MFICS Bnd on the admce of Ihe auditors vatutss for land and buildings were assessed separat6ly. Th8 ehurch and halls are sho￿￿ al their fair value for realistic alternative use of £600.000. 13115 ChatMb8rs Street He￿ord, currenoy used a5 offices and meetlng rotsmg, ar8 STr￿ at Ihe falr Wdlue assigned lo them If they lo revert lo residential use. The value of builcfings wll be depreelated 0￿r 50 years under FRS 15 follo￿?￿￿ the valuation In Decernber 2011. Fixlures, liltings and ￿￿lpn￿nt arè depreclated al a rate of 10Yo per annum on valuation figure. Page124

Hertford Baptist Church HERTFORD BAPTIST CHURCH Note5 to the ￿￿o￿nIS for the year ended 31 Dtrcember 2023 12. Dtbtors 2023 2022 Gift Aid Recoverab 32,474 32,474 31,709 31,709 13. Cash at Bank and In Hand 2023 2022 Bank A¢counts Petty Cash 407,511 120 407.631 237.983 109 238,092 Includes £171,000 r8¢eived from ErI￿rnUel SlJ9r&d Church heid pending irNesbnènL 1& LIablI￿leS 2023 2022 Payr(Al IlabllSI6s Accruals 3,358 18,831 22,189 1,737 6,792 8,529 15. Unrèstrlet•d Funds Balanea MovenTrnt Balance Penslon Ineomlng Outgolng Transf8rs LEabilty 31.1223 1.1.23 Ggn8r81 Church FurvJ8 211.915 406,690 237 096 17,025 364,484 In 1997 Hertford Baptist Church nigde a grant of £34k to a Local E¢Un￿nICal Parhershlp (LEP} In Ware called Emmanu&l Share ChuTch (ESC}. Thls a joint ventur& bèfv¥6èn Ihe Baptist d9nominallon and Christ Church Ware, the local parish church. The purpose of ihe gTanl was to assist wth the purchase ol a Manse to bts u88d by th8 Minlster of ESC. In 2022, the members of ESC d8cided to ck)se Ihe church arKJ foll￿￿ng Lhe sale of the property, HeTlf£Kd Baptist Church received a p8r¢entage of the proceeds of thè house sale proportional to original contribution, as per the grant agreemènt. Durlng Ih@ year. out of Ihg total unrestricted income of £406,69) the charlty rec8lV8d £171,000 on the dosuTQ of EmnHnuel Shared Church. The Trustees have decided to Snvesl these fvnds for a bn9 term reknrn and its baon included in general chuich funds. A transfer was made to Deslgnated Funds to refflecl capitafis&l I￿r0￿ments to Ihe church's fi)dures ar flttings. Page | 25

Hertford Baptist Church HERTFORD BAPTIST CHURCH les to the 8ccounk for the year ended 31 Decembsr 2023 16. Deslgnated Fund¥ Balancè 1.1.23 Galns gnd losses Balanc 31.12.23 IncorThng Outgolng Transfers Thankoffering Training Support (Xher designated dc*Trtions 4,169 120 11.010 15,299 631 1,931 45,492 47.423 2,051 50,064 52,115 4.814 14.183) 6,424 T￿gIble fixed asgats 1,975.737 2,023,160 71,825 78,249 21,096 16,913 1,925,008 1977,123 15,299 Trp Thankoffering funds are ral8ed ea¢h y68r for specifi'c causes. The funds raised in 2023 were ￿Ven to all Nab'ons Christian Colege and Spurgeon's Cc41eg8. The Training Support Fu￿1 SUPPLYts indiNiduaL8 training for Chrisb'an sorwce Ihrough full or part-tiFW courses or on training pL8cen￿nts. The TanglNe Fixed Assets Fund ITFAFI Is set a￿de to represent Ihe nel ￿tsk ￿lu8 of the propety of the hurch. £21,096 was transferred from General Funds tr) the TFAF to reflect the capitslisauon of refurbÈshmenl of c￿8 of the Garretts Close nKgnsg In ac¢ordanco wth the accounting policigs. 17. ReStri￿ed Fund$ Balance 1.1.23 Galns and losse5 BalanttÈ 31.12.23 Incorning Oulgokny Transfgrs Baptist societies Otheis 1.934 1.9D3 1,413 3,316 2,520 1,525 4,045 1.317 112 112 1,934 1,317 Baptist soclEles awl olher funds are ongoing funds held for spéclfic scrieties. the rnalorlty of thich are paid oul In thé cwrs8 of th8 year. 18. Anaty81s of N•t A%s8ls Betwaon Funds Tanglblg xed Assets Nat Curr•nt Ass9ts Total Assets UnroStr¢cted Funds (note 15) 364,484 364,484 D8slgnated Fl￿dS (note 161 1,925,008 52.115 1,977,123 Restrictsd FurKls Im[8 17} 1.317 417916 1,317 2,342,924 1.925.008 Page126

Hertford Baptislchurch HERTFORD BAPTIST CHURCH Notes lo the accounts for the year ended 31 December 2023 19. Operatlng lease Gommltments Al 31 December 2Q23 fhere were ¢ommltrrEnts und8r opeTating leasss 2023 2022 Land & Buildings Other Total Eypiring ￿thIn 1 year Ewiring wthin 2-5 years 907 2,041 907 2.948 2,948 3,855 20. Post Balance Sheet There are no material post balance sheels events lo report, although T¥uslees note the inflationary pressures whlch May impact future financial performance and event5 in Uktalno, Ihglsrael Gaza conflict and navlgatlon Issues In the Red Sea which may contribute to above Inflatlon increases in energy costs once current hedges expire. P&gG127

Herlford Baptist Church HERTFORO BAPTIST CHURCH - Summary of Accounts Stalèmenl of Financial Actimties for the year ended 310ecember 2023 Unrestricted Designated Restricted Total Funds Total Funds Funds Funds Funds 2023 2022 INCOVE & EXPENDYfuRE Income from: Donations and legaoi¢s ReguLgr OFferings Speclal Glfts & LegacSes Thankoffering GiflAid recoverable Cha￿l￿bI8 A¢0￿￿e$ Aclibities vknich gen8ralo ftjnds Use ol propgrty Repayments Bank Snteresl 142,140 182,126 1,413 1,585 143,553 194,841 3.535 32.474 1.005 145,484 42,473 6,960 31,729 1,472 11.130 3.535 31,522 1,005 318 44,776 229 4,892 44.776 229 4,892 38,465 316 Total Exp•ndltura on.. Gharitsble Activides Local Ministy Qrfjsprnance Costs Grants paY&￿e.. Nation81 N(Isslon World Mission Fulure Mission Thankofferlng & SpèciaE 406,690 3.316 425.305 267,867 191,581 13,244 73.449 265,030 13,244 236,185 11,473 12.755 16.516 3,OOD 12.755 19,036 3,000 6,325 13,260 23.458 4.8QO 1.525 Total 237.096 78,249 4,045 319,390 284.376 Nel Incomellewenditurel Transfèrs beknn funds 169,594 17,025 152.569 (62,95Ql 16,913 (46,0371 17291 112 {617} 105,915 116,509} 105,915 116,509) 100.000 AciLtarial Gain&titosse8} on defjned be￿111 pension schern8 Ngt Movement In Funds 152,569 (46,0371 16171 105,915 83.491 Total Funds broLvJht fowrd al 111123 211,915 2,023,160 1,934 2,237,OJ9 2,153,518 Total Funds carried forward at 31.12.23 364,484 1977 123 2.342,924 1237,009 Balance Shoet at 31 Doc8mber 2023 Fl%8d Assèts Tangib￿ Fixed Assets 2023 2022 1,925,008 1,975,737 Currant Assgts Debtors Cash at bank & in hand 32,474 407,631 31.709 238,092 Llabllltl•s arwunts falling dLJe wthin 1 year 122.189} 18.5291 Net Current Assets 417.916 261,272 Nèt Assets Funds 2,342,924 364,484 1,977,123 1,317 2,237,009 211,915 2,023.160 Unr8strlcted D8slgnat8d Reth¢t¢d P8ge | 28 2,342,924 2,237.009