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





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|Trustees and directors|Trustees and directors|(Jcey management<br>personnel)||||
|---|---|---|---|---|---|
|Tim Allen|||Olumide<br>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)||||



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||Purley Baptist Church|
|---|---|
||Banstead<br>Road|
|David Clarke|Purley|
|Director|Surrey CRB 3EA|





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





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||||||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<br>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<br>by|||||||||||
|Restricted<br>Funds|||13a|||885,980|||879,338||
|Unrestricted<br>Funds|||12a||~4786 343<br>~23|||4|770 <br>64|483<br>821|





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





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||||Unrestricted|Unrestricted|Restricted|2022<br>Unrestricted|2022<br>Unrestricted|Restricted|2021|
|---|---|---|---|---|---|---|---|---|---|
||||Funds||Funds|Total|Funds|Funds|Tota I|
||||E||E|E|E|E|E|
|Income from:||||||||||
|Donations<br>and legacies|||481,877||20,601|502,478|507,647|6,560|514,207|
|Charitable<br>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<br>on:||||||||||
|Charitable<br>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|





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||||AS AT|31 DECEMBER 2022|31 DECEMBER 2022|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||2022||||2021||
||||Note|||||||||
||||||||||E||E|
|Fixed assets<br>Tangible assets|||Bb|||2,124,929||||2,121,766||
|Current assets||||||||||||
|Debtors<br>Cash at bank and in||hand|9b||338,219<br>221,927||||287,063<br>353,186|||
||||||~560 146||||~640|249||
|Current<br>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<br>Funds<br>Unrestricted<br>Funds||||13b<br>12b|||23,486<br>~2407 203<br>243<br>68||||20,266<br>~2450 195<br>2 470 461|





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





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



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|Sa.|Charitable|Activities -|Group||||||
|---|---|---|---|---|---|---|---|---|
|||||Direct|Grant|Support|Total|Total|
|||||Costs|Funding|Costs|2022|2021|
|||||E|E|E|E|E|
||Ministry/worship<br>Mission<br>Purley Cross Centre|||174,560<br>70,175<br>25 442<br>2ZQJ22|98,726|98,733<br>200,608|273,293<br>369,509<br>25 442<br>~44|230,741<br>301,260<br>27 932<br>~93|
|5b.|Charitable|Activities -|Church||||||
|||||Direct|Grant|Support|Total|Total|
|||||Costs|Funding|Costs|2022|2021|
|||||E|E|E|E|E|
||Ministry/worship<br>Mission|||174,560<br>34,080|98,726|98,733<br>197,468|273,293<br>330,274|230,741<br>283,291|
||Purley Cross Centre|||~25 442<br>~234<br>82|~98 726|~201|25 442<br>62209|27 932<br>~54<br>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|



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|7.|Grants payable|||||(con|tnue)|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||Total|||Total|
||||||||Unrestricted||Restricted|2022|||2021|
||||||||F.||E||E||E|
||Mission and re(ief|||||||||||||
||Baptist Union Home Mission<br>Baptist Missionary<br>Sooety|||I und|||12,000<br>23,000|||I UGQG<br>23,000|||8,500<br>20817|
||BMS —Jamaica appeal||||||||||||5.000|
||Bnghton<br>Road Baptist —Jamaica appeal||||||||||||5 QOG|
||BIAS Ul;raine|||||||200|545||745|||
||Croydon<br>Refugee Centre<br>Fmbrace the Middle East||||||||1.202||1.202||5,0GO|
||Other|||||||779|||779|||
||Individuals<br>—Fellowship|fund|||||||4 150||4 150||2.517|
||||||||35,979||5,897|41,876|||46.834|
||Missionary<br>Support|||||||||||||
||yvycliffe Bible Transiators||||||29,005|||29,005|||26.650|
||Mission Aviation<br>Fellowship||||||5|7Q5||5,705|||5250|
||individuals||||||12|076|2330|14406|||10200|
||||||||46.785||2.330|49 116|||42.100|
||Socia/ Aenon|||||||||||||
||Purley<br>P Kentey Churches||Toaether||Food Hub||||871||871|||
||Purley Churches<br>Christmas||projects||||||6.863|6,863||||
||Children<br>in Need||||||||||||142|
||Total grants<br>-group||||||82|765|15 161|98726|||89076|
||Grant from PBC to 58 12||||||||||||12 QOG|
||Total grants —church||||||82|765|961|98 726|||~iCil<br>76|
|Ba|Tangible assets —Group|||||||||||||
||||||Freehold||Church &||Office, Qube|||Total||
|||||Properties|||Sound|Equip|& PCC Equip|||||
||Cost or valuation|||||||||||||
||At<br>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<br>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<br>2021||||2|4222|9|541|~1727||6 2zrt||4c0|
||||||||||||||Page 16|





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|Bb|Tangible assets|—Church||||||
|---|---|---|---|---|---|---|---|
||||Freehold|Church B|Office, Qube||Total|
||||Properties|Sound Equip|& PCC Equip|||
||||E|E|E|||
||Cost|||||||
||At<br>I January<br>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<br>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<br>At 31 December|2022|~64|II3II)|17041|~2I24||
||At 31 ilecember|2021|2~04|0~4|727||~21217 6|



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||||||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<br>~I|10392<br>~7|
||Included<br>in other debtors||is a debt of|6217,000 payable over 5years|||





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||||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|



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





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||||Balance at|Income|Expenditure|Transfers|Balance at|
|---|---|---|---|---|---|---|---|
||||1January<br>22||||31December 22|
||||E||||E|
|General|Fund|Church|2,450,195|537,743|(585,727)||2,402,211|
|General|Fund|58:12|2 320288<br>4770483|101509<br>~22|(~37665)<br>(~92)||2 384 132<br>47<br>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 <br>General|—Other organisations<br>Fund Total||10845<br>2421<br>9|17416<br>~538 058|(~9449<br>(~5)|(~1500|17312<br>2 45<br>195|





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





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|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<br>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<br>Fund Total|||||2,124,929|531,668|(314,386)||2,342,211|
||Purley Cross Centre||||||12,947|||12,947|
||Special objects||fund|||~42|15531<br>~0146|(314386)||15531<br>~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<br>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|





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



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





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## 

|RPI price inflation|assumption|assumption||3.20|
|---|---|---|---|---|
|CPI price inflation|assumption|||2.70|
|Minimum<br>Pensionable||Income increases|(CPI plus 1.0%pa)|3.20|
|Assumed<br>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|





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## 

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