||||Page||
|---|---|---|---|---|
|Report ofthe Trustees||I|to|6|
|Report ofthe Independent<br>Auditors||7|to|10|
|Statement ofFinancial|Activities||||
|Balance Sheet|||12||
|Notes to the Fmancial|Statements|13|to|27|
|Detailed Statement of|Financial Activdnes|28|to|29|





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||||||||31.12.22|31.12.21|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|Total|
||||||fimds|fimds|funds|fimds|
|||||Notes|||||
|INCOME AND ENDOWMENTS FROM|||||||||
|Donations<br>and legacies||||2|449/96||449@96|430202|
|Investment<br>mcome|||||15,705||15,705|268|
|Other income|||||9,274||9,274|8,125|
|Total|||||474@75||474/75|438,595|
|EXPENDITURE|ON||||||||
|Raising funds||||5|219,282||219,282|201,367|
|Charitable<br>activities|||||||||
|Grant making|||||82,769||82,769|76,869|
|Youth and Children's|||Work||48,828||48,828|43,933|
|Other|||||84J19||84„it19|94,451|
|Total|||||435,798||435,798|416,620|
|NET INCOME|||||38,577||38477|21,975|
|Other recognised|gains/flosses)||||||||
|Gains on revaluation||offixed assets|||24,937||24J37|317,963|
|Actuarial<br>gains/flosses)|||on defined benefit||||||
|schemes|||||28,067||28,067|(1,888)|
|Net movement<br>in|funds||||91@81||91,581|338,050|
|RECONCILIATION|||OF FUNDS||||||
|Total fimds brought|forward||||7827,004||7427,004|6,988,954|
|TOTAL FUNDS CARRIED FORWARD|||||7,418,585||7,418,585|7,327,004|





|Balance Sheet||||||
|---|---|---|---|---|---|
|31December 2022||||||
|||||31.12.22|31.12.21|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
||Notes|g||||
|FIXEDASSETS||||||
|Tangible assets|11|7,133,446||7,133,446|7,129,330|
|CURRENT ASSETS||||||
|Stocks|12|248||248|248|
|Debtors|13|115,604||115,604|52,673|
|Cash at bank||194323||194423|213,958|
|||310,175||310,175|266,879|
|CREDITORS||||||
|Amounts<br>faHing due within one year|14|(25,036)||(25,036)|(38,005)|
|NET CURRENT ASSETS||285,139||285,139|228,874|
|TOTAL ASSETSLESSCURRENT||||||
|LIABILITIES||7,418,585||7,418,585|7,358,204|
|PROVISIONS FORLIABIIITIES|16||||(31,200)|
|NET ASSETS||7,418,585||7,418,585|7,327,004|
|FUNDS|17|||||
|Unrestricted<br>funds||||7,418,585|7,327,004|
|TOTAL FUNDS||||7,418,585|7,327,004|





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|DONATIONS|AND LEGACIES|||
|---|---|---|---|
|||31.12.22|31.12.21|
|Offerings||283,230|294787|
|Donations||60,992|19,137|
|Gifi aid||60,076|66,907|
|Legacies||45,098|49,871|
|||449,396|430,202|
|Grants received,|included in the above, are as follows:|||
|||31.12.22|31.12.21|
|Other grants||45,098|49,871|





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||||31.12.22|31.12.21|
|---|---|---|---|---|
||Rents received||13@15||
||Deposit account interest||2,190|268|
||||15,705|268|
|4.|OTHER INCOME||||
||||31.12.22|31.12.21|
|||||f|
||Sundry mcome||9+74|1,403|
||Government<br>grants|||6,722|
||||9/74|8,125|
|5.|RAISING FUNDS||||
||Raising donations|and legacies|||
||||31.12.22|31.12.21|
||' stipend||88,058|83,422|
||Staffcosts||37,621|30,448|
||Rates aud water<br>~ce||5~1<br>609|7,545<br>662|
||Sundries|||855|
||Repairs and improvements||8/83|16,631|
||rs' travel||310|88|
||Hospitality<br>allowance||380|595|
||Visiting preachers fees||746|300|
||Evangehsm||44,964|10,170|
||Church insurance||6/53|6,077|
||Church repairs||10,553|23,133|
||Church fumishmgs||1482|10440|
||Church light and heat||14/95|11,071|
||Interest payable and|similar charges|587|130|
||||219482|201,367|





## 

|GRANTS PAYAB|LE|||||
|---|---|---|---|---|---|
|||||31,12.22|31.12.21|
||||||8|
|Grant making||||82,769|76,869|
|The total grants paid to institutions|||during the year was as follows:|||
|||||31.12.22|31.12.21|
||||||f.|
|Baptist Missionary|Society|—general||14,620|14,120|
|Baptist Missionary|Society|—relief fund||1,580|1,580|
|Baptist Missionary|Society|—support||200|200|
|International<br>Needs|||||2,400|
|Home Mission Fund||||14,700|14,400|
|Wycliffe Bible Transistors||tJanet Sousteri||10,920|10,920|
|OMF||||7,752|7,752|
|MAF||||7,752|7,952|
|EthtopiAid/Hope<br>Enterprises||||6,570|5,190|
|Mission to Prisons||||5,850|4,470|
|CMS (Sharon Rose)||||2,000|600|
|Wycbffe Bible Transistors||(Pete &|Kate Myers)|4,725|1.185|
|Operation Agri||||500|500|
|Tearfund||||500|500|
|Christian Concern||||500|500|
|London Theology School||||500|500|
|Through the Roof||||500|500|
|Spurgeons<br>Childcare||||500|500|
|Spurgeons<br>College||||500|500|
|Sat7 Trust||||600|600|
|Breadline||||500|500|
|Three: Eighteen||||500|500|
|Christian<br>Solidarity|Worldwide|||500|500|
|UCCF The Christian Unions||||500|500|
|Moorlands|||||600|





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||||||||31.12.22<br>f|31.12.21|
|---|---|---|---|---|---|---|---|---|
||Fees payable to the charity's||auditors||for the audit|ofthe charity's|||
||financial|statements|||||4,260|3,300|
|8.|TRUSTEES' REMUNERATION||||AND BENEFITS||||
||||||||31.12.22|31.12.21|
||Trustees'|salaries|||||74/93|72,671|
||Trustees'|NIC|||||3,464|3,560|
||Trustees'|pension contributions||to money purchase||schemes|9,601|7,191|
||||||||88,058|83,422|



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||||||31.12.22|31.1221|
|---|---|---|---|---|---|---|
|Wages and salaries|||||174,349|172,751|
|Social security||costs|||9,188|6,698|
|Other pension|costs||||14,658|14,127|
||||||198,195|193,576|
|The average monthly|||number ofemployees|during the year was as follows:|||
||||||31.12.22|31.12.21|
||||||2|2|
|Pastoral|||||1|1|
|Cleaning|||||2|2|
|A ministration|||||3|3|
|Organisation|and Resources Co-ordmator||||1|1|
|Youth/Children's||worker|||2|1|
|||||||10|





## 

|COMPARATIVES|F|ORTHE STATEMENT OF|FINANCIAL AC|~S||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
||||funds|funds|funds|
||||E|||
|INCOME AND ENDOWMENTS FROM||||||
|Donations<br>and legacies|||430,202||430402|
|Investment<br>income|||268||268|
|Other income|||8,125||8,125|
|Total|||438,595||438,595|
|EXPENDITURE ON||||||
|Raising funds|||201,367||201,367|
|Charitable<br>activities||||||
|Grant making|||76,869||76,869|
|Youth and Children's|Work||43,933||43,933|
||||94,451||94,451|
|Total|||416,620||416,620|
|NET INCOME|||21,975||21,975|
|Other recognised<br>gams/(losses)||||||
|Gains on revaluation|offixed assets||317,963||317,963|
|Actuarial<br>gains/(losses)||on defined||||
|benefit schemes|||(1,888)||(1,888)|
|Net movement<br>in funds|||338,050||338,050|
|RECONCILIATION||OF FUNDS||||
|Total fimds brought forward|||6,988,954||6,988,954|
|TOTAL FUNDS CARRIED||||||
|FORWARD|||7,327,004||7,327,004|





## 

|TANGIBLE FIXEDASSETS|||||
|---|---|---|---|---|
||||Fixtures||
||Church|Manse|aild||
||premises|premises|fittings|Totals|
|COST ORVALUATION|||||
|At I January 2022|4,817,765|2,070,000|333/17|7,221,082|
|Revaluations|||24)t37|24„)t37|
|At 31December 2022|4,817,765|2,070,000|358454|7~6)019|
|DEPRECIATION|||||
|At 1 January 2022|||91,752|91,752|
|Charge for year|||20,821|20)821|
|At 31December 2022|||112,573|112/73|
|NET BOOKVALUE|||||
|At 31December 2022|4,817,765|2,070,000|245,681|7,133,446|
|At 31December 2021|4,817,765|2,070,000|241,565|7,129,330|



||||||Fixtures||
|---|---|---|---|---|---|---|
||||Church|Manse|and||
||||premises<br>5|premises|fittings|Totals<br>f|
|Valuation|in|2012||(9/50)||(9,950)|
|Valuation|in|2013||145,000||145,000|
|Valuation|m|2014||160,000||160,000|
|Valuafion|in|2015||60,000|2,052|62,052|
|Valuation|in|2016||80,000||80,000|
|Valuation|in|2018|579,686|170,000||749,686|
|Valuation|in|2020|||515|515|
|Valuation|in|2021||310,000|7)963|317,963|
|Valuafion|in|2022|||24,937|24,937|
|Cost|||4438,079|1)154850|322,787|5,715,816|
||||4,817,765|2,070,000|358454|7,246,019|





## 

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|12.|STOCKS||||
|---|---|---|---|---|
||||31.12.22|31.12.21|
||||f|f.|
||Stocks||248|248|
|13.|DEBTORS:AMOUNTS|FALLING DUE~ONE YEAR|||
||||31.12.22|31.12.21|
||Tax||107,642|47,816|
||Prepayments||7,962|4,857|
||||115,604|52,673|
|14.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR||||
||||31.12.22|31.12.21|
||Bank loans and overdrafts|(see note 15)|93||
||Social security and other|taxes|3,468|3,636|
||Other creditors||14,295|705|
||Accrued expenses||7,180|33,664|
||||25,036|38,005|





## 

||||||||31.12.22||31.12.21|
|---|---|---|---|---|---|---|---|---|---|
|Amounts<br>fallmg due withm one year on demand:||||||||||
|Bank overdrafis|||||||93|||
|PROVISIONS FORLIABILITIES||||||||||
||||||||31.12.22||31.12.21|
|Provisions|||||||||31,200|
|Provisions<br>represented|the estimated||Baptist Union Pension|||Scheme deficit at the previous|||year<br>en|
|More details on this (including||abreakdown||ofmovements|in|the provision)|can be found|in note 18.||
|MOVEMENT IN FUNDS||||||||||
|||||||Net|Transfers|||
|||||||movement|between||At|
|||||At 1.1.22||in funds|fimds||31.12.22|
||||||||f,|||
|Unrestricted<br>funds||||||||||
|General fimd||||7,219,056||91,867|(50,876)|7,260,047||
|Youth Mission||||2,538|||||2,538|
|Non-specified<br>Fund||||2,109||(286)|(286)||1,537|
|Missionary<br>(Designated)|Fund|||11,008|||1,578||12,586|
|Capital fund||||88,466|||45,098||133+64|
|Safe House Men||||1,668|||(64)||1,604|
|Safe House Women||||288|||(381)||(93)|
|Tuesday Fellowship||||1,871|||(709)||1,162|
|Fellowship<br>fimd|||||||5,640||5,640|
|||||7827,004||91,581||7,418)585||
|TOTAL FUNDS||||7427,004||91481||7,418,585||



## 

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## 

|||||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|---|---|
|||||resources|expended|losses|in funds|
|Unrestricted|funds|||||||
|General fund||||474,375|(435,512)|53,004|91,867|
|Non-specified|Fund||||(286)||(286)|
|||||474,375|(435,798)|53,004|91,581|
|TOTAL FUNDS||||474475|(435,798)|53,004|91,581|
|Comparatives|for movement||in funds|||||
||||||Net|Transfers||
||||||movement|between|At|
|||||At 1.1.21|in funds|funds|31.12.21|
|||||||g||
|Unrestricted|funds|||||||
|General ftmd||||6,925,287|337,536|(43,767)|7,219,056|
|Youth Mission||||8,538||(6,000)|2,538|
|Non-speci6ed|Fund|||2,396|(716)|429|2,109|
|Missionary<br>(Designated)||Fund||11,008|||11,008|
|Capital fund||||38,596|280|49,590|88,466|
|Safe House Men||||1,669||(1)|1,668|
|Safe House Women||||490||(202)|288|
|Tuesday Fellowship||||970|950|(49)|1,871|
|||||6,988,954|338,050||7,327,004|
|TOTAL FUNDS||||6,988,954|338,050||7,327,004|





## 

|||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|
|||resources|expended|losses|in fimds|
|Unrestricted|funds|||||
|Geneml fund<br>Non-specified<br>Capital fimd|Fund|437,365<br>280|(415,904)<br>(716)|316,075|337,536<br>(716)<br>280|
|Tuesday Fellowship||950|||950|
|||438,595|(416,620)|316,075|338,050|
|TOTAL FUNDS||438,595|(416,620)|316,075|338,050|



||||Net|Transfers||
|---|---|---|---|---|---|
||||movement|between|At|
|||At 1.1.21|in funds|funds|31.12.22|
|Unrestricted<br>funds||||||
|General fund<br>Youth Mission<br>Non-specified<br>Fund||6,925,287<br>8,538<br>2,396|429,403<br>(1,002)|(94,643)<br>(6,000)<br>143|7360,047<br>2,538<br>1,537|
|Missionary<br>(Designated)|Fund|11,008||1,578|12,586|
|Capital fimd<br>Safe House Men<br>Safe Bouse Women<br>Tuesday Fellowship||38,596<br>1,669<br>490<br>970|280<br>950|94,688<br>(65)<br>(583)<br>(758)|133,564<br>1,604<br>(93)<br>1,162|
|Fellowship<br>fund||||5,640|5,640|
|||6,988,954|429,631||7,418,585|
|TOTAL FUNDS||6,988,954|429,631||7,418,585|





## 

|above are as f|ollows:|||||
|---|---|---|---|---|---|
|||Incoming|Resources|Gains and|Movement|
|||resources|expended|losses|in funds|
|||8||6||
|Unrestricted|funds|||||
|General fimd||911,740|(851,416)|369,079|429,403|
|Non-specified<br>Fund<br>Capital fund<br>Tuesday Fellowship||280<br>950|(1,002)||(1,002)<br>280<br>950|
|||912,970|(852,418)|369,079|429,631|
|TOTAL FUNDS||912,970|(852,418)|369,079|429,631|



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|The key assumptio|ns<br>underlying<br>the valuation|were a|
|---|---|---|
|Type offinancial|assumption|%pa|
|RPIprice mflation|assumption|3.20|
|CPIprice inflation|assumption|2.70|
|Minimum<br>Pensionable<br>Income|||
|increases(CPI plus 0.75%pa)||0.50|
|Assumed<br>investment<br>returns|||
|-Pre retirement||2.95|
|-Post retirement||1.70|
|Deferred pension increases|||
|-Pre April 2009||3.20|
|-Post April 2009||2.50|
|Pension increases|||
|-Based on CPI with au annual floor of0%|||
|and annual cap of|5%|2.70|



## 



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|The movement<br>in the provision|is set out in the table below.|||
|---|---|---|---|
|||31.12.22|31.12.21|
|Balance sheet liability<br>at year start<br>Minus deficiency contributions<br>paid<br>Interest cost (recognised in SoFA)||31,200<br>(3,720)<br>587|35,929<br>(6,748)<br>447|
|Remaining<br>creditJ(change)<br>to <br>other gains and losses)o<br>Balance sheet liability<br>at year|balance sheet liability (recognised in<br> end|28,067<br>0|(1,572)<br>31400|



|The year end liability<br>is now<br>annual expense.|considered|to be nominal<br>and th|e monthly<br>charge<br>will b|e treated as|
|---|---|---|---|---|
||||31.12.22|31.12.21|
|Discount mte|||5.70'/o|2.00'/o|
|Future increases to Minimum|Pensionable|Income|4.10'/o|3.2'/o|





## 

## 



|Detailed Statement|o|inanci|ctivitie|||
|---|---|---|---|---|---|
|for the Year Ended|31 December||2022|||
|||||31.12.22|31.12.21|
|INCOME AND ENDOWMENTS||||||
|Donations<br>and legacies||||||
|Offerings||||283430|294,287|
|Donations||||60,992|19,137|
|Gift aid||||60,076|66,907|
|Legacies||||45,098|49,871|
|||||449,396|430,202|
|Investment<br>income||||||
|Rents received||||13,515||
|Deposit account interest||||2,190|268|
|||||15,705|268|
|Other income||||||
|Sundry income||||9,274|1,403|
|Government<br>grants|||||6,722|
|||||9474|8,125|
|Total incoming resources||||474475|438,595|
|Raising donations|and legacies|||||
|Trustees'<br>salaries||||74,993|72,671|
|Trustees' NIC||||3,464|3,560|
|Trustees' pension contribufions|||to money|||
|purchase<br>schemes||||9,601|7,191|
|Pastoral<br>worker and cleaners||||27 772|27,310|
|Social security||||5,724|3,138|
|Pensions||||4,125||
|Rates and water||||5,241|7,545|
|Insurance||||609|662|
|Sundries|||||855|
|Repairs and improvements||||8)283|16,631|
|Mnisters'<br>travel||||310|88|
|Hospitality<br>allowance||||380|595|
|Visiting preachers|fees|||746|300|
|Evangelism||||44,964|10,170|
|Carried forward||||186,212|150,716|





## 

|the Year<br>ded|31D<br>e|mber2<br>22|||
|---|---|---|---|---|
||||31.12.22|31.12.21|
|Raising donations|and legacies||||
|Brought forward<br>Church insurance<br>Church repairs<br>Church furnishings<br>Church light and heat<br>Pension deficit interest|||186412<br>6,253<br>10453<br>1,282<br>14/95<br>587|150,716<br>6,077<br>23,133<br>10440<br>11,071<br>130|
||||219/82|201,367|
|Charitable<br>activities|||||
|Youth minister<br>and <br>Pensions<br>Youth and children's<br>Grants to mstitulions|children's<br>work &|worker wages<br>materials|21,720<br>932<br>6,042<br>82,769|33,726<br>6,936<br>3,271<br>76,869|
||||111,463|120,802|
|Other|||||
|Fixtures and fittings|||20,821|20,822|
|Support costs|||||
|Management|||||
|Wages<br>Catering|||49,864<br>1,190|39,044<br>689|
|gifts and|presents|||248|
|Postage and telephone<br>Printmg<br>and stationery<br>Subscriptions<br>Worship<br>expenses<br>Other|||6,154<br>4,988<br>5+04<br>4,951<br>4,821|6,204<br>4,015<br>5,063<br>8,008<br>5,078|
||||77272|68,349|
|Governance<br>costs|||||
|Auditors'<br>remuneration<br>Accountancy<br>fees|||4,260<br>2,700|3,300<br>1,980|
||||6,960|5,280|
|Total resources expended|||435,798|416,620|
|Net income|||38,577|21,975|