2022-12-31-accounts - Purley Baptist Church

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Contents		Page
Leadership Team report Auditor's report		1 —4 5-7
Consolidated Statement of Financial	Activities	8
Consolidated Balance Sheet		9
Consolidated Cash Flow statement		10
Church Statement of Financial Activities		11
Church Balance sheet		12
Notes to the financial statements		13—24

Trustees and directors	Trustees and directors	(Jcey management personnel)
Tim Allen			Olumide Lala
Michele Bailey			Ben Quartey-Papafio
David	Clarke		David Colpus
James	Collins		Linda Davies (appointed		2 March 2022)
Jenny	Giles (appointed	2 March 2022)	Chris Roe (appointed	2	March 2022)
Helen	Harris (appointed	1February 2023)

	Purley Baptist Church
	Banstead Road
David Clarke	Purley
Director	Surrey CRB 3EA

			Unrestricted	Restricted	2022 Unrestricted	2022 Unrestricted	Restncted	2021
			Funds E	Funds E	Total E	Funds f	Funds E	Total f
Income from: Donations and legacies Charitable activities (note 3) Investments			532,546 55,096 440	20,601 30,893	553,147 85,989 440	543,957 25,418 1,778	6,560 30,535	550,517 55,953 1,778
Premium Other Total income			50,000 1170 639252	51494	50,000 ~1170 ~690746	3417 ~574 570	37095	~3417 611665
Expenditure on:
Charitable Activities	(note Sa)
Ministry/Worship Mission Purley Cross Centre Total expenditure			273,293 350,099 ~623 392	19,410 «25 442 «44 852	273,293 369,509 ~25 442 668 244	230,741 295,020 ~525 761	6,240 27 932 34 172	230,741 301,260 ~27 932 ~559 933
Net income			15,860	6,642	22,502	48,809	2,923	51,732
Transfers between	funds
Net movement in	funds		15,860	6,642	22,502	48,809	2,923	51,732
Reconciliation offunds Fund balances brought		forward	4,770,483	879,338	5,649,821	4,721,674	876,415	5,598,089
Fund balances carried forward			4~78 343	~88 98	~672 23	4~770 4 3	879 338	~549821

					2022			2021
			Note
							E		E
Fixed assets
Tangible assets			8a		5,382,653			6,249,490
Current assets
Debtors			9a	360,648			37,142
Cash at bank and in	hand			616,392			530,327
				977,040			567,469
Current liabilities
Creditors: Amounts	falling due in less		10a	~500370			9~21	538
than one year
Net current assets/(liabilities)					~476 670			(	354	069)
Total assets less current		liabilities			5,859,323			5,895,421
Creditors: Amounts	falling due after more				(	187,000)		(	217,000)
than one year
Provisions			17		(	-)		(	28	600)
Net assets						672 323		5	649	821
Represented by
Restricted Funds			13a			885,980			879,338
Unrestricted Funds			12a		~4786 343 ~23			4	770 64	483 821

		YEAR ENDED 31DECEMBER 2022	YEAR ENDED 31DECEMBER 2022	YEAR ENDED 31DECEMBER 2022	YEAR ENDED 31DECEMBER 2022
				2022			2021
Net cash used in operating activities (see below)					(154,223)			(23,957)
Cash flows from investing activities
Proceeds on disposal of property Purchase of property, plant and equipment			639,000 (~18712)				400,000 (10244)
Net cash provided by investing activities						620,288		389,756
Cash flows from financing activities
Repayments of borrowing			380000				30000
Net cash used in financing activities					(	380000)		(~30000)
Change in cash in the year						86,065		335,799
Cash at start ofthe year						~530 327		~194528
Cash at the end of the year						~19		~50 327
Reconciliation of net cash provided	by	operating	activities
Net income Depreciation Loss on disposal offixed assets Change in debtors Change in creditors Change in provision Net cash used in operating activities						22,502 14,688 861 (92,506) ( 71,168) (28600) (154223)		51,732 13,731 ( 1,000) (81,504) ( 6916) (23 957)
Analysis ofchanges in net debt			At	1)an		Cash	Non-cash	At 31Dec
			2022			flows	changes	2022
Cash Loans falling due within one year Loans falling due in more than one	year		530,327 (630,000) (217000) (~31 67 )			86,065 350,000 30000 ~466 65		616,392 (280,000) (~187000) 24492
								Page 10

			Unrestricted	Unrestricted	Restricted	2022 Unrestricted	2022 Unrestricted	Restricted	2021
			Funds		Funds	Total	Funds	Funds	Tota I
			E		E	E	E	E	E
Income from:
Donations and legacies			481,877		20,601	502,478	507,647	6,560	514,207
Charitable activities (note 3)			55,096		30,893	85,989	25,418	30,535	55,953
Investments				440		440	1,778		1,778
Other				330		330	3 215		3 215
Total income			537	743	~51 494	589 237	538058	37 095	575 153
Expenditure on:
Charitable Activities (note 5b)
Ministry/Worship			273,294			273,294	230,741		230,741
Mission			312,433		17,840	330,273	278,481	4,810	283,291
Purley Cross Centre					25 442	25 442		27 932	27 932
Total expenditure			~585	727	43 282	629009	509 222	32 742	541964
Net (expenditure)/income			(47,984)		8,212	(39,772)	28,836	4,353	33,189
Transfers			4	992	(4992)
Net movement	in funds		(42,992)		3,220	(39,772)	28,836	4,353	33,189
Reconciliation	offunds
Fund balances	brought	forward	2 450	195	20 266	2 470 461	~2421 359	15913	2 437 272
Fund balances	carried forward		2 407	2I43	23 486	~2430 689	~24	~20 26	2 470 461

			AS AT	31 DECEMBER 2022	31 DECEMBER 2022
						2022				2021
			Note
									E		E
Fixed assets Tangible assets			Bb			2,124,929				2,121,766
Current assets
Debtors Cash at bank and in		hand	9b		338,219 221,927				287,063 353,186
					~560 146				~640	249
Current liabilities
Creditors: Amounts		falling due in less	10b		67 386				4~5954
than one	year
Net current assets						~492		760		~594 295
Total assets less current liabilities						2,617,689				2,716,061
Creditors: Amounts		falling due after more				(	187,000)			(	217,000)
than one	year
Provisions				17			(	-)		(~28 600)
							43	6		2 470 461
Net assets
Represented	by
Restricted Funds Unrestricted Funds				13b 12b			23,486 ~2407 203 243 68				20,266 ~2450 195 2 470 461

This is stated after charging:	E	E
Audit fee	8,960 ~146 8	7,900 ~17 1
Depreciation
Income from charitable activities	2022f	2021 f
Purley Cross Centre Purley Counselling Service Rent of manses Church events	30,893 8,655 42,900 3541 ~99	30,535 14,082 10,000 1336 ~53

Staff costs	FOR THE YE	AR ENDED 31DECEMBER 2022 (continued)
			2022	2021
Salaries Employer's National Insurance Employer's contribution to defined contribution pension schemes Interest cost and change to defined benefit scheme liability			E 320,500 22,169 28,932 (~24 986)	E 276,879 20,326 24,940 ( 819)
			3~46 615	~321 32
The average	monthly number ofemployees	during the year were as follows:
			2022	2021

Sa.	Charitable	Activities -	Group
				Direct	Grant	Support	Total	Total
				Costs	Funding	Costs	2022	2021
				E	E	E	E	E
	Ministry/worship Mission Purley Cross Centre			174,560 70,175 25 442 2ZQJ22	98,726	98,733 200,608	273,293 369,509 25 442 ~44	230,741 301,260 27 932 ~93
5b.	Charitable	Activities -	Church
				Direct	Grant	Support	Total	Total
				Costs	Funding	Costs	2022	2021
				E	E	E	E	E
	Ministry/worship Mission			174,560 34,080	98,726	98,733 197,468	273,293 330,274	230,741 283,291
	Purley Cross Centre			~25 442 ~234 82	~98 726	~201	25 442 62209	27 932 ~54 4
6.	Support costs —Church
					Ministry	Mission	2022	2021
					E	E	E	E
	Administration				56,947	113,895	170,842	149,250
	Governance	—auditor's	remuneration		1,940	3,880	5,820	5,040
	Facilities				39846	79693	119539	84 234
					~98 7	197468	~296 2 1	~2524

7.	Grants payable					(con	tnue)
										Total			Total
							Unrestricted		Restricted	2022			2021
							F.		E		E		E
	Mission and re(ief
	Baptist Union Home Mission Baptist Missionary Sooety			I und			12,000 23,000			I UGQG 23,000			8,500 20817
	BMS —Jamaica appeal												5.000
	Bnghton Road Baptist —Jamaica appeal												5 QOG
	BIAS Ul;raine							200	545		745
	Croydon Refugee Centre Fmbrace the Middle East								1.202		1.202		5,0GO
	Other							779			779
	Individuals —Fellowship	fund							4 150		4 150		2.517
							35,979		5,897	41,876			46.834
	Missionary Support
	yvycliffe Bible Transiators						29,005			29,005			26.650
	Mission Aviation Fellowship						5	7Q5		5,705			5250
	individuals						12	076	2330	14406			10200
							46.785		2.330	49 116			42.100
	Socia/ Aenon
	Purley P Kentey Churches		Toaether		Food Hub				871		871
	Purley Churches Christmas		projects						6.863	6,863
	Children in Need												142
	Total grants -group						82	765	15 161	98726			89076
	Grant from PBC to 58 12												12 QOG
	Total grants —church						82	765	961	98 726			~iCil 76
Ba	Tangible assets —Group
					Freehold		Church &		Office, Qube			Total
				Properties			Sound	Equip	& PCC Equip
	Cost or valuation
	At I January 2022				6,237.850		33,632		49873		6,321.355
	Additions						8,915		9 797			18712
	Disposals				( 870.000)				( 3683)		[ 8,3683)
	At 31 December 2022				5367850		42	547	55987		5466384
	Depreciation
	At I January 2022					13,628	24,091		34,146			71865
	Charge for the year						7,066		7622			14,688
	Released on disposal								( 2 822)			2 822)
	Ai 31 December 2022					13628	31157		~8946			83 ~31
	Net book value
	At 31December 2022								17
	At 31 December 2021				2	4222	9	541	~1727		6 2zrt		4c0
													Page 16

Tangible assets	—Church
		Freehold	Church B	Office, Qube		Total
		Properties	Sound Equip	& PCC Equip
		E	E	E
Cost
At I January 2022		2, 110,126	33632	49,873		2193631
Additions			8.915	9,797		18,71?
Disposals				(3683]	(	3683)
At 31 December	2022	2110126	42547	55987	2	208660
Depreciation
At I January 2022		13.628	24,091	34,146		71865
Charge for the year			7.066	7622		14.688
Released on ciisposal				2 822)		( 2822)
At 31 December	2022	13628	31157	58946		83 731
Net book value At 31 December	2022	~64	II3II)	17041	~2I24
At 31 ilecember	2021	2~04	0~4	727		~21217 6

					2022	2021
					E	E
	Gift aid tax recovei able				115.229	26800
	Other debtors				236.157	4.700
	Prepayments				9262	5642
					360648	37 142
9b.	Debtors —Church
					2022	2021
					E	E
	Gift aid tax recoverable				106.800	26.800
	Other debtors	(including	intercompany	loan see note 15)	222.157	249,871
	Prepayments				9262 ~I	10392 ~7
	Included in other debtors		is a debt of	6217,000 payable over 5years

			2022	2021
			E	E
LBPBloans			280,000	630,000
Other creditors	(including 6167,000 other loans see text in note 11)		184,147	274,859
Accruals			36 223	16679
			500 370	~921 538
Creditors: Amounts		falling due in less than one year —Church
			2022	2021
			E	E
Other creditors			17,147	7,859
LBPBloans			30,000	30,000
Owed to subsidiary				312
Accruals			20 239	7 783
			~76	~44

Creditors: Amounts falling due in more than on	e year —Group
	2022	2021
	E	E
LBPBloans	~17	~2170 0

			Balance at	Income	Expenditure	Transfers	Balance at
			1January 22				31December 22
			E				E
General	Fund	Church	2,450,195	537,743	(585,727)		2,402,211
General	Fund	58:12	2 320288 4770483	101509 ~22	(~37665) (~92)		2 384 132 47 343
			Balance at	Income	Expenditure	Transfers	Balance at
			1January 21				31December 21
			E				E
General	Fund	Church	2,421,359	538,058	(497,222)	(12,000)	2,450,195
General	Fund	58:12	2300315	36512	( 28 539)	~12000	~2320 288
			~4721674	574570	(~525 7 1)		4~770 483
Unrestricted		Funds —Church
			Balance at	Income	Expenditure	Transfers	Balance at
			1January 22				31December 22
			E				E
General	—Church		311,117	523,251	(566,457)	4,578	272,489
General	—Fixed assets		2,121,766			3,163	2,124,919
General	—Other activities		~17312	~14492	(~19270	(~7741	~4793
General	Fund	Total	~2450 195	~537 743	(~5727)		~2402 211
			Balance at	Income	Expenditure	Transfers	Balance at
			1January 21				31December 21
			E	E	E		E
General	—Church		291,328	520,642	(499,773)	(1,080)	311,117
General	—Fixed assets		2,119,186			2,580	2,121,766
General General	—Other organisations Fund Total		10845 2421 9	17416 ~538 058	(~9449 (~5)	(~1500	17312 2 45 195

13a.	Restricted Funds —Group	Balance at	Income	Expenditure	Transfers	Balance at
		1January 22 f		f		31December 22 f
	58:12Development Parley Cross Centre Special objects	859,072 7,496 12770 ~7	30,893 ~20 601 ~4	( 1,570) ( 25,442) (~17 840 (~42)		857,502 12,947 15531 8~
		Balance at	Income	Expenditure	Transfers	Balance at
		1January 21 f		E		31December 21 f
	58:12Development Purley Cross Centre Special objects	860,502 4,893 11020 IL7741	30,535 6560 ~7	( 1,430) ( 27,932) (~4810 (~41 )		859,072 7,496 ~12770 ~738
13b.	Restricted Funds - Church
		Balance at	Income	Expenditure	Transfers	Balance at
		1January 22 f		f	E	31December 22 f
	Special objects Purley Cross Centre	12,770 7 496 20 266	20,601 ~30893 ~14 4	(17,840) (25 442) (~28 )		15,531 ~12 947 28 478
		Balance at	Income	Expenditure	Transfers	Balance at
		1January 21 f		E	f	31December 21 E
	Special objects Parley Cross Centre	11,020 ~4893 ~15	6,560 30 535 ~95	( 4,810) (27 932) (32742)		12,770 7496 ~226

14a.	Analysis ofnet		assets between	funds - Group
				Fixed		Net Current	Long	Inter		Tota I
	2022			Assets		Assets	Liabilities	Fund accounts
						E	E	E
	Church General		Fund	2,124,929		247,282	(187,000)	217,000		2,402,211
	Parley Cross Centre					12,947				12,947
	Special Objects		Fund			15,531				15,531
	58:12General	Fund		2,418,253		182,879		(217,000)		2,384,132
	58:12Restricted		Fund	839	471	18031				857 502
				382	653	~476 7	(~187000)			72 323
				Fixed	Net	CurrentLong	Inter	Total
	2021			Assets		Assets	Liabilities	Fund accounts
						E	E	E
	Church General		Fund	2,121,766		322,591	(245,600)	251,438		2,450,195
	Purley Cross Centre					7,496				7,496
	Special Objects		Fund			12,770				12,770
	58;12General	Fund		3,288,253		(716,527)		(251,438)		2,320,288
	58:12Restricted		Fund	839	471	19601				859072
				~6249	4 0	(35kB%)	(245 600)			5 649 821
14b.	Analysis of net		assets between	funds - Church
						Fixed	CurrentLiabilitiesTotal
	2022					Assets	Assets	and provisions
						E	E	E
	General Fund					2,124,929	526,875	(314,386)		2,337,418
	General Fund —Other activities						4 793			4 793
	General Fund Total					2,124,929	531,668	(314,386)		2,342,211
	Purley Cross Centre						12,947			12,947
	Special objects		fund			~42	15531 ~0146	(314386)		15531 ~7689
						Fixed	CurrentLiabilitiesTotal
						Assets	Assets	and provisions
	2021					E	E	E
	General Fund					2,121,766	602,671	(321,554)		2,402,883
	Generoi Fund —Other orgonisations						17312			17312
	General Fund Total					2,121,766	619,983	(321,554)		2,420,195
	Purley Cross Centre						7,496			7,496
	Special objects		fund				12770			12770
						21217	~40 249	(~21 55	)	~2440 461
										Page 21

The following trustees Association::	received remuneration	rity of the Memorandum	gi Articles
		Remuneration	Pension
			Contributions
		E	E
James Collins Tim Allen Chris Roe	Senior Minister Assistant Minister Worship Pastor	35,958 44,125 4~1667	4,247 4,364 3333

Subsidiary
The subsidiary, 58:12has company Road, Purley, Surrey, CR8 3EA.The the consolidated accounts on a line	number 4832161, charity church has full control of by line basis. A summary	number 1101446and registered office the subsidiary. The subsidiary has been of its results for the year is as follows:		of Banstead included in
			2022	2021
			E	E
Assets Liabilities Total funds			3,891,618 649 984 3241634	4,307,006 ~1127646 3 179360
Income Expenditure Surplus			101,509 ~39 235 f)2 274	48,512 29969 ~1854

RPI price inflation	assumption	assumption		3.20
CPI price inflation	assumption			2.70
Minimum Pensionable		Income increases	(CPI plus 1.0%pa)	3.20
Assumed investment		returns
—Pre-retirement				2.95
—Post retirement				1.70
Deferred pension	increases
- Pre April 2009				3.20
- Post April 2009				2.50
Pension increases
—Main Scheme pension				2.70

Movement in balance sheet liability The agreed deficit recovery payments have been recognised as a liability.	Movement in balance sheet liability The agreed deficit recovery payments have been recognised as a liability.	Movement in balance sheet liability The agreed deficit recovery payments have been recognised as a liability.	Movement in balance sheet liability The agreed deficit recovery payments have been recognised as a liability.	The movement	in the provision	is set
out in the table below.					E
Balance sheet liability 1January 2022 Less deficiency contributions paid					28,600 ( 3,614) 536
Interest cost (recognised in SoFA) Remaining change to balance sheet liability (recognised		in SoFA)			(25 522)
Balance sheet liability at 31December 2022
This liability represents the present value of been valued using the following assumptions	the deficit contributions set by reference to the		agreed as at the accounting date and has duration ofthe deficit recovery payments: 2022 2021 2020
Discount rate Future increases to Minimum Pensionable	income			5.3'ro 09o	2.09o 4 lo/o	0.4o/o 3.0ogo