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Sta16m8nt of Recommend8d Practice effective from 1 Apr¢1 2005 which has been withdrawn.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..
01992 582951
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