FINANCE REPORT
| Notes | Unrestricted | Unrestricted | Designated | Restricted | Endowment | 2022 | 2021 | |
|---|---|---|---|---|---|---|---|---|
| Income and endowments | ||||||||
| Donations and legacies |
2 | 97709 | 0 | 12591 | 0 | 110300 | 113115 | |
| Investment income |
3 | 21920 | 5737 | 0 | 0 | 27657 | 30118 | |
| Charitable activities |
4 | 23350 | 8950 | 0 | 0 | 32300 | 22255 | |
| Other | 0 | 0 | ||||||
| Total incoming resources |
142979 | 14687 | 12591 | 0 | 170257 | 165487 | ||
| Expenditure | ||||||||
| Raising Funds | 5 | 3363 | 1481 | 4844 | 4575 | |||
| Charitable Activities |
6 | 134662 | 11861 | 12906 | 5355 | 164784 | 135260 | |
| Other expenditure | 7 | 22480 | 96 | 0 | 0 | 22576 | 20706 | |
| Total Expenditure | 160505 | 13438 | 12906 | 5355 | 192204 | 160542 | ||
| Net incoming resources | ||||||||
| before gains on investments | -17527 | 1249 | -315 | -5355 | -21948 | 4946 | ||
| Increase on investment value |
-14380 | -14380 | 35213 | |||||
| Net Income for the Year | -17527 | -13131 | -315 | -5355 | -36328 | 40159 | ||
| Transfers between funds |
17-19 | -25 | 0 | 0 | ||||
| Net movement in Funds |
-17502 | -13156 | -315 | -5355 | -36328 | 40159 | ||
| Other recognised gains/(losses) | ||||||||
| Net gains/ (losses) on the | ||||||||
| revaluation offixed assets. |
0 | 0 | ||||||
| Actuarial gains/ (losses) on |
||||||||
| defined benefit pension scheme | 21 | 16643 | 16643 | 89 | ||||
| Net movement in Funds |
-859 | -13156 | -315 | -5355 | -19685 | 40248 | ||
| Total Funds brought forward |
64043 | 326352 | 1118 | 407269 | 798782 | 758535 | ||
| Total Funds carried forward | 63184 | 313196 | 803 | 401914 | 779097 | 798782 | ||
| Comparative figures for each fund are |
shown | in the | notes to the accounts. |
| Notes | 2022 | 2022 | 2021 | 2021 | ||||
|---|---|---|---|---|---|---|---|---|
| P. | ||||||||
| Tangible Fixed Assets |
423699 | 433706 | ||||||
| Current Assets | ||||||||
| Stocks | 12 | 1061 | 1435 | |||||
| Debtors | 13 | 15972 | 7807 | |||||
| Investments | 14 | 325210 | 315683 | |||||
| Bank &cash | 15 | 15616 | 62337 | |||||
| 357860 | 387262 | |||||||
| Current Liabilities |
||||||||
| Creditors: | amounts | falling due | ||||||
| within one | year | 2462 | 3487 | |||||
| Net Current Assets | 355398 | 383776 | ||||||
| Total Assets | less current | liabilities | 779097 | 817481 | ||||
| Defined benefit pension | scheme | 21 | -18700 | |||||
| Net Assets | 779097 | 798782 | ||||||
| Charitable Funds |
||||||||
| Endowment | 17 | 401914 | 407269 | |||||
| Restricted | 18 | 803 | 1118 | |||||
| Designated | 19 | 313196 | 326352 | |||||
| Unrestricted | 20 | 63184 | 64043 | |||||
| 779097 | 798782 |
| UnrestrictedDesignated | UnrestrictedDesignated | Restricted | Endowment | Endowment | 2022 | 2021 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| 3. Investment Income |
||||||||||
| Rent received from | 8The Dell | 21687 | 21687 | 22610 | ||||||
| Bank & investment | interest | 233 | 2827 | 3060 | 5655 | |||||
| Dividends from invested |
funds | 2910 | 2910 | 1853 | ||||||
| 21920 | 5737 | 0 | 27657 | 30118 | ||||||
| 4. Income from charitable |
activities | |||||||||
| Trading income |
||||||||||
| Rents and room hire | 23350 | 23350 | 19614 | |||||||
| Refresh cafe | 756 | 756 | 0 | |||||||
| Fair trade | 730 | 730 | 362 | |||||||
| Other organisation | income | |||||||||
| Flower Fund | 514 | 514 | 194 | |||||||
| Tuesday Together 8.Lunch | Club | 5891 | 5891 | 1830 | ||||||
| WotsTots | 1059 | 1059 | ||||||||
| Coffee | 0 | 0 | 7 | |||||||
| 23350 | 8950 | 0 | 32300 | 22255 | ||||||
| 5. Raising funds | ||||||||||
| Investment management |
costs | 1481 | 1481 | 1319 | ||||||
| Manse letting fees | 3363 | 3363 | 3256 | |||||||
| 3363 | 1481 | 0 | 4844 | 4575 | ||||||
| 6. Charitable activities |
||||||||||
| Ministry | 54460 | 54460 | 45090 | |||||||
| Mission - external donations | 18525 | 150 | 12591 | 31266 | 34827 | |||||
| Mission - other expenditure | 149 | 7374 | 7523 | 2274 | ||||||
| Establishment | 61528 | 4337 | 315 | 5355 | 71535 | 54427 | ||||
| 134662 | 11861 | 12906 | 5355 | 164784 | 136618 | |||||
| 7. Other expenditure | ||||||||||
| Support Costs | 22480 | 22480 | 19860 | |||||||
| Other Costs | 96 | 96 | 0 | |||||||
| Governance costs |
0 | 0 | ||||||||
| 22480 | 96 | 0 | 22576 | 19860 |
| YEAR ENDED | 31 DECEMB | 31 DECEMB | 31 DECEMB | 31 DECEMB | ER 2022 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11. Tangible | Fixed Assets | |||||||||
| Freehold | Fixtures, Fittings | Total | ||||||||
| Property | &Equipment | |||||||||
| 2 | ||||||||||
| Cost | ||||||||||
| At 1 January 2022 | 535545 | 238051 | 773596 | |||||||
| Additions | 0 | 0 | 0 | |||||||
| Disposals | 0 | 0 | 0 | |||||||
| Adjustment | 0 | 0 | 0 | |||||||
| 535545 | 238051 | 773596 | ||||||||
| Depreciation | ||||||||||
| At 1 January 2022 | 128276 | 211614 | 339890 | |||||||
| Charge for the | year | 5355 | 4652 | 10007 | ||||||
| On Disposals | 0 | 0 | 0 | |||||||
| 133631 | 216266 | 349897 | ||||||||
| Net Book Value | at | 31 December | 2022 | 401914 | 21785 | 423699 | ||||
| at | 31 December | 2021 | 407269 | 26437 | 433706 | |||||
| Insured | ||||||||||
| Freehold valuation | Date | Cost | Value | |||||||
| E | ||||||||||
| Land at Reedley | Road | 1945 | 2200 | 0 | ||||||
| Church buildings |
at Reedley | Road | 1951/68/94/2009/1 7 | 523919 | 4355630 | |||||
| Manse, 8The Dell, | Westbury | on Trym | 1947 | 3776 | 404802 | |||||
| Caretaker's House: |
1 Brainsfield, WoT | 1970 | 5650 | 255029 | ||||||
| 535545 | 5015461 | |||||||||
| All the fixed assets | are used | for charitable | purposes. | |||||||
| 2022 | 2021 | |||||||||
| 12.Stocks | 2 | F. | ||||||||
| Fair trade goods | 1061 | 1374 | ||||||||
| Other | 0 | 61 | ||||||||
| 1061 | 1435 | |||||||||
| 13. Debtors | ||||||||||
| Tax recoverable | 5008 | 5730 | ||||||||
| Prepayments and other debtors |
10964 | 2077 | ||||||||
| 15972 | 7807 | |||||||||
| 14. Investments | ||||||||||
| Stock Exchange | portfolio | at market value | 111171 | 125551 | ||||||
| Money invested | in Octopus Choice | 0 | 3919 | |||||||
| Loan to Baptist | Union | 214039 | 186213 | |||||||
| 325210 | 315683 | |||||||||
| 15. Bank &cash balances | ||||||||||
| Lloyds Bank | 9558 | 57221 | ||||||||
| Cash & other accounts | 6058 | 5116 | ||||||||
| 15616 | 62337 |
| The key financial | assumptions | assumptions | underlying | the valuation | were as follows: | were as follows: |
|---|---|---|---|---|---|---|
| %pa | ||||||
| RPI price inflation | assumption | 3.50 | ||||
| CPI price inflation | assumption | 2.75 | ||||
| Minimum Pensionable |
Income increases | (CPI plus 1.0%pa) | 3.50 | |||
| Assumed investment returns |
||||||
| -pre-retirement | 3.50 | |||||
| -post retirement | 2.25 | |||||
| Deferred pension | increases | |||||
| - Pre April 2009 | 3.50 | |||||
| - Post April 2009 | 2.50 | |||||
| Pension increases | ||||||
| - Main Scheme pension | Pre April 2006 | 2.70 | ||||
| - Main Scheme pension | Post | April 2006 | 2.00 |
| EXPENDITURE ANALYSES | EXPENDITURE ANALYSES | EXPENDITURE ANALYSES | EXPENDITURE ANALYSES | ||||||
|---|---|---|---|---|---|---|---|---|---|
| YEAR ENDED 31 DECEMBER 2022 | |||||||||
| General | Designated | Restricted | Endowment | 2022 | 2021 | ||||
| F | L | L | |||||||
| Ministry | |||||||||
| Minister &expenses |
32804 | 32804 | 31670 | ||||||
| Pension deficit interest |
2407 | 2407 | 83 | ||||||
| Pulpit Supply | 1070 | 1070 | 365 | ||||||
| Rent paid for 2 Mulberry | Walk | 0 | 0 | 3500 | |||||
| Rent paid for 76Westbury | Lane | 15000 | 15000 | 6405 | |||||
| Manse rates &insurance | 3179 | 3179 | 3067 | ||||||
| 54460 | 0 | 54460 | 45090 | ||||||
| Mission | |||||||||
| Family church/youth | work/other | 149 | 149 | 0 | |||||
| BMS/Home Mission |
18000 | 18000 | 17200 | ||||||
| Donations to other |
causes | 525 | 150 | 12591 | 13266 | 17627 | |||
| Refresh Cafe | 332 | 332 | 81 | ||||||
| Fair Trade | 509 | 509 | 204 | ||||||
| Flower Fund | 364 | 364 | 293 | ||||||
| Tuesday Together | & Lunch | Club | 5287 | 5287 | 1236 | ||||
| Wots Tots | 882 | 882 | 460 | ||||||
| 18674 | 7524 | 12591 | 0 | 38789 | 37101 | ||||
| Establishment | |||||||||
| Light, heat &water | 6753 | 6753 | 4955 | ||||||
| Premises including |
repairs | 11799 | 11799 | 7023 | |||||
| Cleaning including |
materials | 15035 | 15035 | 12869 | |||||
| Depreciation - buildings/fittings |
4337 | 315 | 5355 | 10007 | 10590 | ||||
| Insurance | 3880 | 3880 | 3525 | ||||||
| Manse maintenance | 7972 | 7972 | 2034 | ||||||
| Caretaker | 10390 | 10390 | 9881 | ||||||
| Caretakers House |
3366 | 3366 | 3550 | ||||||
| Groundsman | 2333 | 2333 | 0 | ||||||
| 61528 | 4337 | 315 | 5355 | 71535 | 54427 | ||||
| Support costs | |||||||||
| Administrator | 14892 | 14892 | 11930 | ||||||
| Admin costs | 1996 | 1996 | 2502 | ||||||
| Church telephones/internet | 840 | 840 | 954 | ||||||
| Fees | 3363 | 1481 | 4844 | 4575 | |||||
| Bank Charges | 102 | 102 | 110 | ||||||
| Other Adjustments | 96 | 96 | 0 | ||||||
| Miscellaneous | 4650 | 4650 | 5211 | ||||||
| 25843 | 1577 | 0 | 0 | 27420 | 25282 | ||||
| Total expenses | 160505 | 13438 | 12906 | 5355 | 192204 | 161899 |
| EXPENDITURE ANALYSES; | EXPENDITURE ANALYSES; | GRANTS | GRANTS | |||||
|---|---|---|---|---|---|---|---|---|
| YEAR ENDED 31 DECEMBER 2022 | ||||||||
| General | Designated | Restricted | 2022 | 2021 | ||||
| L' | 2 | |||||||
| Baptist Missionary Society |
9000 | 9000 | 8600 | |||||
| Baptist Home Mission | 9000 | 9000 | 8600 | |||||
| Compassion fund gifts |
0 | 0 | ||||||
| Connected organisations |
giving | 150 | 150 | 420 | ||||
| 18000 | 150 | 0 | 18150 | 17620 | ||||
| Raised for other causes | ||||||||
| A Rocha | 125 | 539 | 664 | |||||
| Bible Society | 150 | 150 | 451 | |||||
| BMS Birthday Fund |
915 | 915 | 531 | |||||
| Bournville Christmas Gifts |
100 | 100 | 700 | |||||
| Bristol Baptist College | 696 | 696 | 720 | |||||
| Bristol Dementia Action Alliance |
589 | 589 | 645 | |||||
| Bristol NW Foodbank | 219 | 219 | ||||||
| Christian Aid |
863 | 863 | 1326 | |||||
| Christian Aid Appeal |
1800 | |||||||
| Christian Solidarity Worldwide |
640 | 640 | 758 | |||||
| Christians Against Poverty |
50 | 401 | 451 | 291 | ||||
| Crisis Centre (In Hope) | 723 | 723 | 1039 | |||||
| European Baptist Federation |
310 | 310 | 970 | |||||
| European Baptist Federation |
Appeals | 3446 | 3446 | 2715 | ||||
| Friends International | 335 | 335 | ||||||
| Horne for Good | 539 | 539 | ||||||
| Int. Fellowship of Evangelical |
Students | 335 | 335 | 241 | ||||
| Lawrence Weston Christmas | Gifts | 200 | 200 | 490 | ||||
| Network Counselling |
634 | 634 | 558 | |||||
| Sixty One | 50 | 401 | 451 | 291 | ||||
| Shepherd Society (Hope Christian |
Trust) | 310 | 310 | 645 | ||||
| Tearfund | 549 | 549 | 1058 | |||||
| Tearfund Appeal |
1737 | |||||||
| Universities & Coll. Christian |
Fellowship | 241 | ||||||
| 525 | 0 | 12591 | 13116 | 17207 | ||||
| Total | 18525 | 150 | 12591 | 31266 | 34827 |
| YEAR EN | DED 31 DECEM | BER 2022 | |||||
|---|---|---|---|---|---|---|---|
| Tuesday | |||||||
| Refresh | Fair Trade | Flower | Together | Wots Tots | Total | ||
| Income | Cafe | Fund | Lunch Club | ||||
| Sales | 756 | 730 | 1486 | ||||
| Subscriptions | 485 | 1059 | 1544 | ||||
| Donations | 412 | 314 | 726 | ||||
| Lunches/Outing | 4852 | 4852 | |||||
| Transfer from Church | 102 | 102 | |||||
| Raised for | other causes | 240 | 240 | ||||
| 756 | 730 | 514 | 5891 | 1059 | 8950 | ||
| Expenditure | |||||||
| Purchases | 146 | 509 | 364 | 1232 | 644 | 2895 | |
| Lunches/Outing | 3432 | 3432 | |||||
| Equipment | 186 | 13 | 199 | ||||
| Training | 0 | ||||||
| Speaker/events | 623 | 623 | |||||
| Rent to church | 225 | 225 | |||||
| Donations | to other causes | 150 | 150 | ||||
| 332 | 509 | 364 | 5437 | 882 | 7524 | ||
| Surplus | 424 | 221 | 150 | 454 | 177 | 1426 | |
| b/f assets | 349 | 349 | |||||
| b/f stock | 1361 | 1361 | |||||
| b/f debtors | (creditors) | -611 | -611 | ||||
| b/f cash | 403 | 101 | 77 | 1049 | -187 | 1443 | |
| b/f fund bank account | 2742 | 909 | 3651 | ||||
| b/f church | bank account | 7672 | 7672 | ||||
| 8075 | 3942 | 77 | 1049 | 722 | 13865 | ||
| c/f assets | 0 | 0 | |||||
| c/f stock | 1061 | 1061 | |||||
| c/f debtors | (creditors) | 0 | 0 | ||||
| c/f cash | 365 | 101 | 227 | 1503 | 138 | 2334 | |
| c/f fund bank account | 2963 | 761 | 3724 | ||||
| c/f church | bank account | 8134 | 8134 | ||||
| 8499 | 4125 | 227 | 1503 | 899 | 15253 |
| General | Designated | Restricted | Total | |||
|---|---|---|---|---|---|---|
| Main Fund | ||||||
| Offerings | A | 76888 | 76888 | |||
| Raised for | other causes | F | 10205 | 10205 | ||
| Tax refund | B | 17410 | 2386 | 19796 | ||
| Manse Rent | I | 21687 | 21687 | |||
| Rents and | room hire | I | 23350 | 23350 | ||
| Dividends | D | 2910 | 2910 | |||
| Loan Interest | G | 233 | 2827 | 3060 | ||
| Legacies | E | 3411 | 3411 | |||
| Ministry fund | C | 0 | ||||
| Other Organisations | ||||||
| Sales | 6338 | 6338 | ||||
| Subscriptions | 1544 | 1544 | ||||
| Donations | 828 | 828 | ||||
| Raised for | other causes | 240 | 240 | |||
| Total | 142979 | 14687 | 12591 | 170257 | ||
| Combined | ||||||
| Offerings | A | 76888 | 76888 | |||
| Tax refunds | B | 17410 | 2386 | 19796 | ||
| Donations | etc | C | 2372 | 2372 | ||
| Dividends | D | 2910 | 2910 | |||
| Legacies | E | 3411 | 3411 | |||
| Raised for | other causes | F | 240 | 10205 | 10445 | |
| Investment | interest | G | 233 | 2827 | 3060 | |
| Trading activities | H | 6338 | 6338 | |||
| Rent | I | 45037 | 45037 | |||
| Total | 142979 | 14687 | 12591 | 170257 |
| ur | ing the year there have been t | he following addition | s and deletio |
|---|---|---|---|
| ADDITIONS | DELETIONS | ||
| B | rofession offaith | Todeath | |
| B | ba tism | Toresi | nation |
| B | transfer | Totransfer |