REGISTERED CHARITY NUMBER: 1132797
Re
ort of the Trustees and
Financial Statement5 for the Year Ended 31 December 2023
for
Ba
t Church
Xeinadin Audit Limited
8th Floor Becket House
36 Old jewry
London
EC2R8DD

Ba
tist Church
Contents of the Financial Statements
for the Year Ended 31 December 2023
Page
Report of the Trustees
Report of the Independent Auditors
7 to 10
Statement of Financial Activities
li
Balance Sheet
12
Notes to the Financial Statements
13 to 26
Detailed Statement of Financial Activities
27 to 28

Ba
tist Church
Re
)ort of the Trustees
for the Year Ended 31 December 2023
The trustee5 present their report with the financial 5tstementS of the charity for the year ended 31
December 2023. The trustees have adopted the provisions Df the Charities Statement of Recommended
Practice ISORP 20211 applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and with the Charities Act 2011.
'Do not store up for yourselves treasures on earth. where moths and vemiln destroyi and where thieves
break in and steal. But store up for yourselves treasure5 in heavÈn. where moths and vermin do not
destroy* and where thieves do not break in and steal. For where your treasure is, there your heart will be
also.
(Matthew 6..19-211
The church finished the year with a reported deficit of £17,734. When, however, the fund5 spent on the
manse at 47 College Drive (which wa5 paid out of our Capital Fund) is excluded, then the outcome is very
close to the breakeven budget that the church set itself at the beginning of the year.
It was very pleasing that, although offerings lincluding donations) were £13,000 13.8%) below budget. they
did in fact grow year on year by £11,000 13.4%) for the first time in four years (this is after adjusting the
2022 offerings for the Ukraine appeal). Total income for the year was adversely affected by the planned
sale of our property at 8 Oxford Drive and the subsequent loss of rental income whilst the property
remained empty. Rental income finished £10,000 under budget and, with "other income being £2,OOD
above budget, total income finished at £21,000 below budget.
As regards expenditure, totsl spend was £24,000 under budget which was driven by a significant
underspend on staff costs of £37,000 due to the fact that we have run with staff vacancies throughout the
year. Whi15t underspending on our st3ff costs has helped us to offset our shortfall in income, it is not a
position we wish to be in and it inevitably takes its toll on the other members of staff and our volunteers. It
wa5 therefore great news that, Matt Easton and Farrah Easton agreed to become our new youth and young
adults worker and our children and families worker respettively. Thi5 meant that we entered the new year
with only one staff vacancy, that of our lead minister, due to the retirement of Derek Page after a
wonderful seNice of 38 years. The large underspend on staff c0st5 wa5 partially offset by a £13,000
overspend in other areas, particu13rly on repair5 and improvements to the church building.
In last year'5 report of the Trustees, we highlighted that the Bapt15t Union had signed a contrart with the
insurance company Just Group. This meant that the £531 per month we were paying into the pension fund
as a 'deficit" contribution had dropped to £1 per month an annual saving to RBC of over £6.000. Thi5
arrangement has continued in to 2024 and, whilst we expect the transactions to be successfully completed,
the rules governing cessation event5 and period5 of grace remain in place.
As Trustees, we do very much focus on the financial 'numbers" but we never lose sight of the fart that we
are not overseeing a Set of complete business numbers, a5 there is one large number missing from the
accounts. That number is the enormous amount of unpaid voluntary work that ijnderpin5 everything we do
and without which we could not hope to extend His kingdom. Thank you for all the unseen work that is
carried out by so many and the generous giving of your time, your talents, your prayers and finances.
Let us continue to seek His provision and retain a thankful heart as we seek to 'build a vibrant
Chri5t-centred community with a vision for extending His kingdom
Page I

tist C
urch
Re
of the Trustees
for the Year Ended 31 December 2023
OBJECTIVES AND ACTIVITIES
Objectives and aims
In order to achieve its principal objective of advancing the Christian faith according to the principle5 of The
Baptist denomination, the Church provides a variety of activities to its membership and to the community
generally. The aim 15 to show the love of Jesus Christ in both word and deed and to bring people into a
closer relationship with Him as living Lord.
Central to the work and witness of the church 15 the provision of regular public services of Christian
worship. These services tske place each Sunday at 10.30 a.m. and 6.30 p.m. There are also 0¢￿sional
services at other times.
There is a full children's programme during the morning service. The church seeks to be a friendly and
welcoming community, and anybody is free to attend any of these services.
The church website www.ruislipbaptistchurch.org give5 comprehensive details of the church's activitie5,
which include the following..
Approximately 20 "small groups" of people meet in the homes of members lor on church premises) to
facilitate the growth of faith and discipleship. Further details of these can be obtained from the church
office or web51tÈ,'
A group for preschool children called Action Tots meets on Wednesday mornings during schoDI term
times-
Groups for younE people aged 11-14 years and 14-18, providing them with Christian teaching and social
responsibility. The church also provides social activities for them, with meetings twice a week 3$ well as
attending Christian festivals and other Christian events-
Groups to meet the needs of those in the third age and those who have additional needs. We provide
signed services and service5 for our deaf community-
The Qfe Connect group. which meets on a Monday morning and meets the needs of the elderly and
lonely in our local community,.
For one week in the school Summer holidays around one hundred regular worshippers of the church of all
ages, staff a holiday club for seven to eleven year olds from the local community. Between one and two
hundred children normally attend thi5 event.
Also, in the Summer Holiday5, an event is normally held over three days, called 'Holiday at Home
for
people of fifty-five years of age and over from the local community. This is run over three consecutive day5,
with activities, speakers and a trip out to a local place of interest.
Throughout the year we regularly attend local schools to lead assemblies and organise a number of
seasonal activities for primary school aged children.
After Christma5 we hold a Senior Citiiens New Year's Party.
Other regular activitie5 and events include.. a craft club, an art club, a Tuesday Fellowship meetin& regular
visits to lead services in Ic)¢èl Carè Homes, Ministry to Men, and a dad's camp. The purpose of all these
groups is to assist the community and demonstrate the love of Jesus Christ.
Page 2

Ba
t15t Church
Re ort of the Trustees
for the Year Ended 31 December 2023
Fmm time to time the Church runs courses in parenting and money man3gemÈnt, and for people
interested in discovering more about Christianity we run courses entitled 'Chri5tianity Explored and
Alpha"
Information is shared on Social media informing the local community of our activities.
In addition to the above many individuals and gmups meet with others to share their faith and support
others.
The Church operates systems to ensure that all people working with children and vulnerable adults are
appropriately vetted with regard to the Disclosure & Barring Services.
Grantmaking
The tru5tee5 set aside from their number, including representstives from the church membership, a finan
committee that reviews requests for financial assistance.
During the year the Church made grants totalling £78,966 to institutions. The three largest grants were..
Bapt15t Home Mission 1£14,0001 Home Mission is the way churches in the Baptist Union of Great Britain
support one another financially. Our gift 15 used to provide grants for a variety of ministries in and through
Baptist churches and support the work of the London Bapt15t Association.
BMS World Mission 1£14,4201 is a Christian mi55ion organisation working in around 35 countries. Our gift
for the BMS General Fund is used to 5UPPOrt the ongoing mission activity of BMS and provide support for
it5 disaster recovery work.
Wycliffe Bible Translators 1£12,0301 Wycliffe Bible Translators exists to make the Bible available to every
people group in the world. Our gift is specifically direrted to provide personal support for Janet Souster, HR
Director for SIL Francophone Africa Region in Mali.
Volunteer5
Statistics are not maintained for the number of volunteer hours undertaken by the membership including
the trustees but frDm anecdotal evidence, the figu￿ is substantial.
AcHIEVEmE￿r AND PERFORMANCE
Charitable activities
The Church does not measure the success of its programmes only in numbers, including financial numbers,
but a150 in le55 tangible areas like fellowship and encouragement. The Trustees recognise that these are
difficult to measure but, due to the very hard work and commitment of tsur staff and volunteers, we
believe that 2023 was another positive year in the life of the church, and that we will be able to pursue our
mission purposes in 2024 with continued enthusiasm.
During the year, our membership was 27412022.. 2781.
Average attendance at worship Services has steadily grown throughout the year and likewise in the work
with children and amongst young people.
Page 3

Ba
tist Church
Re
the Trustees
for the Year Ended 31 December 2023
FINANCIAL REVIEW
Flnan¢lal posStion
The Church continues to raise the funds which it needs to carry on its activities from within its own
membership and congregation. No wider public appeal was made for funds during the year.
The Church expressed its part in the life of the wider church by making grants to national and international
Christian organis3tions and societie5 Wlth Christian aims and objectives compatible with the church's own
charitable purposè.
The Church is heavily dependent on its membership working as volunteers in all aspects of the church's
activities, many of which run with little Dr no impact on the church'5 expenditure, but nevertheless
contribute 5ub5tantially to the achievement of the church's objectives.
The financial results for the year, together with a summary of the accounting policies adopted are set out in
the accompanying financial statements.
Reserves policy
The church maintains sufficient reserves to ensure that it has sufficient operating cash to meet its expenses
pending receipt of any irregLJlar income such as the annual Gift Aid claim and always in excess of 3 months
budgetary expenditure.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is an unincorporated charitv.
The Charity is governed by an Approved Governing Document, being a Constitution, which states that the
principal purpose of the charity is the advancement of the Christian faith according to the principles of the
BaptlSt denomination to include the advancement of education, community service and such other general
charitable purposes in such parts of the United Kingdom and the world as the Church shall determine.
The Church occupies premises which are held by The London Baptist Property Board Limited, on Trusts
which are entirely compatible with the above objett.
Organisational structure and decision making prO￿sS
Member5 of the Church are accepted into membership in accordance with the Constitution which require5
them to have professed personal faith in jesus Christ and to understand the responsibilities of church
membership.
Th2 members, meeting normally takes place six times per year and has re5pon5ibility for the overall policy
of the church. Sn accordance with the Constitution, the members appoint fifteen Tru5tee5 lone of whom 15
appointed Treasurer), who together with the Ministers (who are also appointed by the members), and
collectively known as the Diaconate are responsible for the day to day running of the church's work and
witness, and the financial and legal aspects of the charity. All member5 are encouraged to take an
appropriate part in the spiritual and practical tasks involved in the furtherance of the charitable objective.
Relevant matter5 may be submitted to the Church meeting by the Trustees for guidance, or may be raised
by members in Church meeting for further consideration by the Trustees. Though the Constitution permits
decision5 to be made at Church meetings by appropriate majoritie5, the Church seeks to work by consensus
wherever possible.
Page 4

Ba
tist Church
Re
ort of the Trustees
for the Year Ended 31 December 2023
STRucfuRE. GOVERNANCE AND MANAGEMETr
Induction and tralning of new trustees
Upon appointment, each trustee receives a copy of the Constitution and thereafter meets regLJlarly with
the other trustees for the purposes of performing his or her duties including praying for the membership
and the fvture direction of the church. The trustees are encouraged to liaise with each other and receive
guidance from policy documents available.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure
appropriate controls are place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAIL5
Registered Charty number
1132797
Principal address
122 Manorway
Ruislip
Middlesex
HA48HR
Trustees
Revd D Page Senior Minister (resigned 8.10.231
Revd B Dore Assistant Minister
R Bawden Secretary
C Rowland Treasurer
C Gardner
A Ingram
E Corrado
G Jones
DTuft
l Bawden
Mrs H Yarrow
Miss A Davie5
E chong
Miss E Jones
Mrs Toshowole
A Zea (appointed 19.7.23
Auditors
Xeinadin Audit Limited
8th Floor Becket House
36 Old Jewry
London
EC2R 8DD
Page 5

Ba
tlst Church
Re
ort of the Trustees
for the Year Ended 31 December 2023
REFERENCE ANDADMINISTRATIVE D￿AlLs
Bankers
National Westminster Bank plc
118 Field End Road
Eastcote
Pinner
HA5 IRP
Property Trustee5
The London Baptist Property Board Limited
Unit C2
15 Dock Street
London
EI 8JN
Website address
www.ruislipbaptistchurch.org
STATEMENT OF TRUSTEES, RESPONSIBIUTIES
The trustees are responsible for p￿parIng the Report of the Trustees and the financial statements in
accordance with applicable law and United Kingdorn Accounting Standards (United Kingdom Generally
Accepted Accounting Practice).
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Report51
Regulation5 2008 and the provi5ion5 of the trust deed requires the trustees to prepare financial Statements
for each financial year which give a true and fair view of the state of affairs of the charity and of the
incoming resources and application of resources, including the income and expenditure, of the charity for
that period. In preparing those financial statements. the trustees are required to
select suitable accounting policies and then apply them consistently*
observe the methods and principles in the Charity SORP,.
make judgements and estimates that are reasonable and prudent,.
prepare the financial statement5 on the going concern basis unles5 It is inappropriate to presume that
the charity will continue in busines5.
The trustees are responsible for keeping proper accounting records which disclose with reasonable
accuracy at any time the financial p051tion of the charity and to enable them to ensure that the financial
statements comply with the Charities Act 2011, the Charity IAccount5 and Reports) Regulation5 2008 and
the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and
hence for taking reasonable steps for the prevention and detettion of fraud and other irregularities.
Approved by order of the board of trustees on
... Iclwand signed on its behalf bv..
C Rowland - Trustee
Page 6

Re
ortoft
Ba
e Inde
endent Auditors to the Trustees of
tist Church
Opinion
We have audited the financial statements of Ruislip Baptist Church Ithe 'charity'l for the year ended
31 December 2023 which comprise the Statement of Financial Activitie5, the Balance Sheet and notes to
the financial Statements, including a Summary of significant accounting policies. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting
Standards (United Kingdom Generally Accepted Accounting Practicel.
In our opinion the financial 5tatements=
give a true and fair view of the state of the charity's 3ffair5 a5 at 31 December 2023 and of its incoming
resources and application of resources, for thè year then ended-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Pradice,. and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and
applicable law. Our responsibilities under those standards are further d@5cribed in the Auditors,
responsibilities for the audit of the financial statements section of our report. We are independent of the
charity in accordance with the ethical requirements that are relevant to our audit of the financi31
statements in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical
re5pon5ibilities in accordance with these requirements. We believe that the audit evidence we have
obtained is sufFicient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertaintie5 relating to events
or conditions that, individually or collectivelyi may cast Signif1￿nt doubt on the charity's ability to continue
as a going concern for a period of at least twelve morith5 from when the finan¢ia5 statements are
authorised for issue.
Our responsibilities and the responsibilities of the trustees with respert to going concern are described in
the relevant sections of this report.
Other information
The trustee5 are responsible for the other information. The other information comprises the information
included in the Annual Report, other than the financial statements and our Report of the Independent
Auditors thereon.
Our opinion on the financial statement5 does not cover the other information and, except to the extent
otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information
and. in doing so, consider whether the other information is materially incDnsistent with the financial
Statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we
identify such material incon515tencies or apparent material mi55tatement5, we are required to determine
whether this gives rise to a material misstatement in the financial statements themselves. If. basecl on the
work we have performed, we conclude that there is a material mi5Statement of this other information, we
are required to report that fact. We have nothing to report in this regard.
Page 7

Re
ort of the Inde
endent A ditors to the Trustees of
Ba
tist Church
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charitie5 (Accounts and Reports)
Regulations 2008 requires us to report to you if, in our opinion:
the information given in the Report of the Trustees is inconsistent in any material respect with the
financial statements,. or
sufficient accounting records have not been kept,. or
the financial 5taternents are not in agreement with the accounting records and returns,. or
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
A5 explained more fully in the Statement of Trustees, Re5ponsibilitie5, the trustees are responsible for the
preparation of the financial statements which give a true and fair view, and for such internal control as the
trLJStees determine is necessary to enable the preparation of financial statements that are free from
material mi5Statement, whether due to fraud or error.
In preparing the financial statements. the trustees are responsible for a55e55ing the charity's ability to
continue a5 a going concern, disclosing, as applicable, matters related to going Concern and using the going
concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations,
or have no realistic alternative but to do so.
Page 8

Re
ortoft
Ba
e Inde
endent Auditors to the Trustees of
tist Church
Our responsibiltties for the audit of the financial statements
We have been appointed as auditors under section 144 of the Charities Act 2011 and report in accordance
with the Art and relevant regulations made or having effett thereunder.
Our objectives are to obtsin reasonable assurance about whether the financial ststements as a whole are
free from material mi55tatement, whether due to fraud or error, and to issue a Report of the Independent
Auditor5 that includes our opinion.
ReasDnable assurance is a high level of assurance, but is not a
guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement
when it exists. Misstatement5 can arise from fraLJd or error and are considered material if, individually or in
the aggregate, they could reasonably be expetted to influence the economic decisions of users taken on
the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed
below..
Discussions with and enquiries of management and those charged with governance were held with a view
to identifying those laws and regulations that could be expected to have a material impact on the financial
statements. During the engagement team briefing, the outcomes of these discussions and enquirie5 were
shared with the team, as well a5 consideration as to where and how fraud may occur in the entity.
The following laws and ￿gUlationS were identified as being of significance to the entity..
Those law5 and regulations considered to have a direct effect on the financial statement5 include UK
financial reporting standard5, Company Law. Tax and Pensions legislation, and distributable profits
legislation.
-Those laws and regulations for which non-compliance may be fundamental to the operating aspetts of the
business and therefore may have a material effect on the financial statements include health and safety
legislation, Charities SORP, GDPR.
Audit procedures undertaken in response to the PDtÈntial ri5k5 relating to irregularities (which include
fraud and non-compliance with laws and regulation51 comprised of.. inquiries of management and those
charged with governance as to whether the entity complies with such laws and regulations,. enquiries with
the same Concerning any artual or potential litigation or claims.. inspertion of relevant legal
correspondence,. review of board minutes,. testing the appropriateness of journal entrie5' and the
performance of analytical review to identify unexpected movement5 in account balances which may be
indicative of fraud.
No instances of material non-compliance were identified. However, the likelihood of detecting
irregularities, including fraud, is limited by the inherent difficulty in detecting irregularities, the
effectiveness of the entity's controls, and the nature, timing and extent of the audit procedures performed.
Irregularities that result from fraud might be inherently more difficult to detect than irregularities that
result from error. As explained above, there is an unavoidable risk that material mi55tatements may not be
detected, even though the audit has been planned and performed in accordance with ISAS IUKI.
A further description of our responsibilities for the audit of the financial statements is located on the
Financial Reporting Council's website at www.frc.org.ukl3uditorsresponsibilities. This description forms
part of our Report of the Independent Auditors.
Page 9

Re
ort of the Inde
endent Auditors to the Tnjstees of
tist Church
Use of our report
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities
IAccount5 and Reports) Regulations 2008. Our audit work ha5 been undertaken so that we might state to
the charity's trustees those matters we are required to state to them in an auditors, report and for no other
purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other
than the charity and the charity'5 trustees as a body, for our audit worl for this report, or for the opinions
we have formed.
Xeinadin Audit Limited
8th Floor Becket House
36 Old jewry
London
EC2R 8DD
Date:
Page 10

Ba tist Church
Statement of Financial Attivities
for the Year Ended 31 December 2023
31.12.23
Total
funds
31.12.22
Total
funds
Unrestrirted
funds
Restrirted
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacie5
390,280
390.280
449,396
Investment incomÈ
Other income
8,917
10,942
8,917
10.942
15,705
9,274
Total
410,139
410,139
474,375
EXPENDMJRE ON
Raising funds
214,249
214,249
219,282
Charitable activitie5
Grant making
Youth and Children'5 Work
78,966
42.Z65
78,966
42.265
82,769
48,828
Other
92.393
92.393
84,919
Total
427.873
427.873
435,798
N￿INcOmE1(ExpEND1YuREl
Other recognised gainglllossesl
Gains on revaluation of fixed assets
Actuarial gains on defined benefit schemes
117.7341
117,7341
38,577
380,371
380,371
24,937
28,067
Net movement in funds
362.637
362,637
91,581
RECONCILIATION OF FUNDS
Total funds brought forward
7,418.585
7,418,585
7,327,004
TOTAL FUNDS CARRIED FORWARD
7,781,222
7,781.222
7,418,585
The notes form part of these financial statements
Page 11

Ba
t15t Church
Balance Sheet
31 December 2023
31.12.23
Total
funds
31.12.22
Total
funds
Unrestricted Restricted
funds
funds
Notes
FIXED ASSErs
Tangible assets
11 7,524.937
7,524,937
7,133,446
CURRENT ASSErs
Stocks
Debtors
Cash at bank
12
13
248
110,258
165,723
248
115,604
194,323
110,258
165.723
276,229
276.229
310,175
CREDITORS
Amounts falling due within one year
14
{19,9441
{19,9441
125,0361
CURRENT ASS￿5
256,Z85
256,285
285.139
TOTAL ASSETS LESS CURRENT LIABILITIE5
7.781.222
7,781,222
7,418,585
NET ASSET5
7,781.222
7,781,222
7,418,585
FUNDS
Unrestricted funds
16
7,781,222
7,418,585
TOTAL FUND5
7.781,222
7,418,585
The financial statements were approved by the Board of Trustees and authorised for issue on
"*KsV.KR....Trcl4... and were signed on its behalf by:
C Rowland- Trustee
awden - Trustee
The notes form part of these financial statements
Page 12

Ba
tist Church
Note5 to the Financial Statements
for the Year Ended 31 December 2023
ACCOUNTING POLICIES
Basis of preparing the financial statements
The accounts are prepared in accordance with the, Charities Statement of Recommended Practice
Icharities SORP 20211, FRS102 and with the Charities Att 2011
Ruislip Bapt15t Church is a registered charity, no. 1132797 and meets the definition of a public
benefit entity under FRS102. Assets and liabilities are initially recognized at historical cost or
transaction value unless otherwise stated in the relevant accounting policy notes.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to
the fund5, It 15 Probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities a￿ recognised as expenditure as 500n a5 there is a legal or constructive obligation
committing the charity to that expenditure, it 15 probable that a transfer of economic benefits will be
required in settlement and the amount of the obligation can be measured reliably. Expenditure is
accounted for on an accrua15 ba515 arid ha5 been classified under headings that aggregate all cost
related to the category. Where costs cannot be directly attributed to pèrticular heading5 they have
been allocated to activities on a basis consistent with the use of re50urce5.
Grants offered subjert to conditions which have not been met at the year end date are noted as a
commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation 15 riot provided on premises and fixtures and fittings, namely pews and organ. This is
contrary to Section 189 of the Statement of Recommended Practice.. AccoLJnting by Charities.
Furniture and equipment are capitalised where the pur¢hase price exceeds £500. Purchases of £500
or below are written off in the year in which such expense is incurred. Depreciation is provided at
appropriate rates to write off furniture and eqLJipment over their estimated useful life.
The church has followed a practice of not dep￿cIatIng its building assets Sin￿ it first produced
accounts in 1937. The church building and manse propertie5 are intended to sustain the work of the
church over an extended time period and receive the benefit of regular investment to maintain their
serviceability and value.
This departure 15 needed to give a true and fair view and continues into future periods.
stocks
Stock5 are valued at the lower of c05t and net reali5able value, after making due allowan￿ for
obsolete and slow moving items.
Taxation
The charity is exempt frorn tax on its charitable artivities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objertives at the discretion of the
trustees.
Page 13
continued...

Ba
t15t Church
Notes to the Financial Statements- contin
for the Year Ended 31 December 2023
ACCOUNTING POUCIES- continued
Fund accounting
Restricted funds can only be used for particular restricted purposes within the objects of the charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted
purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial
statements.
Pension costs and other post-retirement benefits
The charity operate5 a defined contribution pension Scheme. Contributions payable to the charity's
pension scheme are charged to the Statement of Financial Activities in the period to which they
relate.
Further detai15 of retirement benefits can be found at note 19.
Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are
mÈa5ured initially at fair value, net of transaction costs, and are meaSU￿d subsequently at
amortised cost using the effettive interest method, less any impairment.
Creditors
Short term creditor5 are measured at the transartion price. Other financial liabilitie5, including bank
loans are measured initially at fair value, net of transactions costs, and are measured subsequently
at amortised cost Using effective interest method.
Government grants
Government grants receivable are accounted for on the accruals basis.
DONATIONS AND LEGACIES
31.12.23
31.12.22
Offerings
Donations
Gift aid
Legacies
268,123
62,943
59.214
283,230
60,992
60,076
45,098
390,280
449,396
Grants received, included in the above, are as follows..
31.12.23
31.12.22
Other Érants
45,098
Page 14
continued...

Ba
t15t Church
Notes to the Financial Statements- continued
for the Year Ended 31 December 2023
INVESTMENT INCOME
31.12.23
31.12.22
Rents ￿ceiVed
Dep051t account interest
2.802
6,115
13,515
2,190
8.917
15,705
OTHER INCOME
31.12.23
31.12.22
Sundry income
10,942
9,274
IiAISING FUNDS
Raising donations and legacies
31.12.23
31.12.22
Ministers, stipend
Staff costs
Manse rates and water
Manse insurance
Manse repair5 and improvements
Ministers, travel
Hospitslity allowance
Visiting preachers fees
Evangelism
Church insurance
Church repairs
Church furnishings
Church light, he3t and water
Interest payable and similar charge5
Support costs
88.303
47.691
5,687
1.847
16,318
1.077
88.058
37,621
5,241
609
8,283
310
11
2,628
338
8,941
7.352
14,219
4.006
14,596
380
746
44,964
6,253
10,553
1.282
14,395
587
1,246
214.249
219,282
Page 15
continued...

Ba
t15t Church
Notès
hè Financial Statements- continued
for the Year Ended 31 De¢ember 2023
GRANTS PAYABLE
31.12.23
31.12.22
Grant making
78,966
82,769
The total grants paid to institutions during the year was as follows..
31.12.23 31.12.22
Baptist Missionary Society- general
Baptist Missionary Society- relief fund
Bapt15t Missionary Society- support
Home Mission Fund
Wycliffe Bible Translators (Janet Sousterl
OMF
MAF
EthiopiAid/Hope Enterprises
Mission to Prisons
CMS ISh8ron Rosel
Wycliffe Bible Translator5 (Pete & Kate Myer51
14,420
1.580
14,620
1,580
200
14,700
10,920
7.752
7,752
6,570
5,850
2,000
4.275
14,000
12,030
5,814
8.752
5,160
4.140
5,500
1.500
E il
Operation Agri
Tearfund
Christian Concern
London Theology School
Through the Roof
Spurgeons Childcare
Spurgeons College
Sat 7 Trust
B￿adline
Three.. Eighteen
Christian Solidarity Worldwide
UCCF The Christian Unions
500
500
500
500
500
570
500
500
500
500
500
500
500
500
500
600
500
500
500
500
51x1
500
5￿j
78.966 82,769
Page 16
continued...

Ba
tist Church
Notes
o the Financial Statements continued
for the Year Ended 31 December 2023
AUDITORS, REMUNERATION
31.12.23
31.12.22
Fees payable to the charity's auditors for the audit of the charity's
financial statements
Auditor5, remuneration for non audit work
4.620
2,340
4,260
2,700
TRUSTEES, REMUNERATION AND BENEFrrs
31.12.23
31.12.22
Trustees, salaries
Trustee5' NIC
Trustee5' pension contributions to money purchase schemes
73,704
6,775
7,824
74,993
3,464
9,601
88,303
88,058
Trustees, expenses
Expenses tDtalling £8,88212022: £1,151) were paid to 5 12022.. 41 trustees in the year.
The reimbursed expenses were for the running and funding of church activities, maintenance &
travel costs.
STAFF cosrs
31.12.23
31.12.22
Wages and salaries
Social security costs
Other pension costs
192,032
9,440
13,636
174,349
9,188
14,658
215,108
198,195
The average monthly number of employees during the year was as ftJllows-.
31.12.23
31.12.22
Ministry
Pastoral
Cleaning
Administration
Organisation and Resources Co-ordinator
Youthlchildren's worker
li
li
No employees received emoluments in excess of £60,000.
Page 17
continued...

Ba
t15t Churc
Notes to the Financial Statements- continued
for the Year Ended 31 December 2D23
10. COMPARATIVES FOR THE STATEMENT OF FINANCIALAcfiviTIES
Unrestricted
funds
Restricted
funds
Total
fund5
INCOMEAND ENDOWMENTS FROM
Donation5 and legacies
449,396
449,396
Investment income
Other income
15,705
9,274
15,705
9,274
Total
474,375
474,375
EXPENDITURE ON
Raising funds
219,282
219,282
Charitsble artivities
Grant making
Youth and Children's Work
82,769
48,828
82.769
48,828
Other
84,919
84,919
Total
435,798
435,798
NET INCOME
Other recognised gainslllossesl
Gains on revaluation of fixed a55et5
Actuarial gains on defined benefit
scheme5
38,577
38,577
24,937
24,937
28,067
28,067
Net movement in funds
91,581
91,581
RECONCILIATION OF FUNDS
Total funds brought forward
7,327.004
7,327.004
TOTAL FUNDS CARRIED FORWARD
7,418,585
7,418,585
Page 18
continued...

Ba
t15t Church
Notes to the Finan¢ial Statements- continued
for the Year Ended 31 December 2023
11. TANGIBLE FIXED ASSErs
Fixtures
and
fittings
Church
premises
Manse
premises
Totals
COST OR VALUATION
At l January 2023
Additions
Revaluations
4,817,765
2,070,000
358,254
11,120
1112,1781
7.246,019
11.12D
267.798
439,976
160.0001
At 31 December 2023
5.257,741
2,010.C
257,196
7,524.937
DEPRECIATION
At I january 2D23
evaluation adjustments
112.573
1112,5731
112,573
1112,5731
At 31 December 2023
NET BOOKVALUE
At 31 December2023
5,257,741
2,010,(KK)
257.196
7.524,937
At 31 Decernber 2022
4,817,765
2,070,000
245,681
7,133,446
Cost or valuation at 31 December 2023 is ￿presented bv..
Fixtures
and
f￿ingS
Church
premises
Manse
premises
Totals
Valuation in 2023
Cost
1,019,662
4,238,079
855,050
1,154,950
187,8311
345,027
1,786,881
5,738,056
5.257,741
2.010,000
257,196
7,524,937
The Church premises were revalued in February 2024 by G M Easton IARICS retired) on the
depreciated replacement C05t basi5. The revaluation considered the premises to be valued a5
follows:
Building
Land
3,257,741
2.000.000
Total value
5,257,741
The trustees believe this Is the appropriate value to apply at the balance sheet date as there have
been no material changes between the balance sheet date and the date of valuation.
Page 19
continued...

Ba
tist Church
Notes to the Financial Statements continu
for the Year Ended 31 December 2023
ii.
TANGIBLE FIXED ASSEfs- continued
The Manse properties were revalued on 8th February 2022 by Lakin & Co IARLAI on an existing use
basis.
The fixture5 and fitting5 are shown at their insured value.
The church is the beneficial owner (subject to the relevant trusts) of the church, 122-126 Manor
Way and manse premises, the legal title to which is held by the church's custodian trustee (the
London Baptist Property Board Limited).
12. STOCKS
31.12.23
31.12.22
Stock5
248
248
13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23
31.12.22
Tax
Prepayments
110,258
107,642
7,962
110,258
115,604
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.IZ.Z3
31.12.22
Bank loans and overdrafts (see note 151
Social security and Dther taxes
Other creditors
Accrued expenses
93
3,468
14,295
7,180
2,558
7.696
9,690
19,944
25,036
Page 20
continued...

Ba
tist Church
Notes to the Financial StatemÈnts- continued
for the Year Ended 31 December 2023
15.
LOANS
An analysis of the maturity of loans is given below..
31.12.23
31.12.22
Amounts falling due within one year on demand:
Bank overdrafts
93
16.
MOVEMENT IN FUNDS
Net
movement
in fund5
Transfer5
between
funds
At
31.12.23
At 1.1.23
Unrestricted funds
General fund
Youth Mission
Non-5pecified Fund
Missionary (Designated) Fund
Capital fund
Safe House Men
Safe House Women
Tuesday Fellowship
Fellowship fund
7.260,047
2,538
1.537
12,586
133,564
1.604
1931
1.162
5,640
376,059
IOA06
7,646.512
2,538
1,625
12.899
109.944
1,604
330
1,214
4,556
374
313
112.5001
12861
111,1201
15771
52
11,0841
1,000
7,418,585
362,637
7,781,222
TOTAL FUNDS
7A18,585
362,637
7.781,222
Net movement in funds, included in the above are as follows..
Incoming
resource5
Resources
expended
Gains and
losses
Movement
in fund5
Unrestricted funds
General fund
Non-specified Fund
Missionary (Designated) Fund
Capital fund
Safe House Women
Tuesday Fellowship
Fellowship fund
405,934
640
313
1410.2461
12661
380.371
376,059
374
313
112,5001
15771
52
11,0841
112,5001
1577)
11.200}
13,084)
1.252
2,000
410,139
1427,873)
380,371
362,637
TOTAL FUNDS
410,139
1427.873}
380,371
362,637
Page 21
continued...

Ba
tist Church
Notes to the Financial Statements con
for the Year Ended 31 December 2023
inued
16.
MOVEMENT IN FUNDS-contlnued
Comparatives for movement in funds
Net
movement
in funds
Transfer5
between
funds
At
31.12.22
At 1.1.22
Unrestrlrted funds
General fund
Youth Mission
Non-5pecified Fund
Missionary IDe5ignatedl Fund
Capital fund
Safe House Men
Safe House Women
Tuesday Fellowship
Fellowship fund
7,219,056
2,538
2,109
11,008
88,466
1,668
288
1,871
91,867
150,8761
7,260,047
2,538
1,537
12,586
133,564
1.604
1931
1,162
5.640
12861
12861
1,578
45,098
1641
13811
17091
5,640
7,327,D04
91,581
7,418,585
TOTAL FUNDS
7,327,004
91,581
7,418,585
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Gain5 and Movement
losses
in funds
Unrestricted funds
General fund
Non-specified Fund
474,375
1435,5121
12861
53,004
91,867
12861
474,375
1435,7981
53,004
91,581
TOTAL FUNDS
474,375
1435,7981
53,004
91,581
Page 22
continued...

Ba
st Church
Notes to tho Financial Statements- continued
for the Year Ended 31 December 2023
16.
MOVEMENTIN FUNDS-continuèd
A current year 12 months and prior year 12 month5 combined position is as follows=
Net
movement
in fund5
Transfer5
between
funds
At
31.12.23
At 1.1.22
Unrestricted funds
General fund
Youth Mission
Non-specified Fund
Missionary (Designated) Fund
Capital fund
Safe House Men
Safe House Women
Tuesday Fellowship
Fellowship fund
7,219,056
2,538
2,109
11,008
88,466
1,668
288
1,871
467,926
140,4701
7,646,512
2,538
1,625
12,899
109,944
1,604
330
1,214
4,556
88
313
112,50DI
15721
1,578
33,978
1641
619
17091
5,640
15771
52
11,0841
7,327,004
454,218
7,781,222
TOTAL FUNDS
7,327,004
454,218
7,781,222
A current year 12 months and prior year 12 months Combined net movement in funds, included in
the above are as follows..
Incoming
resource5
R@50urce5
expended
Gains and
losses
Movement
in funds
Unrestricted funds
General fund
Non-specified Fund
Missionary (Designated) Fund
Capital fund
Safe House Women
Tuesday FellowshSp
Fellowship fund
880,309
640
313
1845,7581
15521
433,375
467,926
88
313
112,5001
15771
52
11,0841
112,5001
15771
11.2001
13,0841
1,252
2,000
884,514
1863,6711
433,375
454,218
TOTAL FUNDS
884,514
1863,6711
433,375
454,218
The non-specified funds relate to gifts from anonymous donor5 where they have requested control
over how the funds are used subject to the agreement of the Church Treasurer.
Page 23
continued...

Ba
tist Church
es
o the Financial Statements- continued
for the Year Ended 31 December 2023
17. EMPLOYEE BENEFIT OBLIGATIONS
The Church is 3 participating employer the Baptist Pension Scheme I'the Scheme"), which is a
separate legal entity administered by the Pension Trustee (Baptist Pension Trust Limited). The
assets of the Scheme are held separately from those of the Employer and the other participating
employers.
The Scheme, previously known as the Baptist Ministers, Pension Fund, started in 1925, but wa5
closed to future accrual of defined benefits on 31 December 2011. Prior to this date the main benefit
provided through the Defined Benefit IDBI Plan was a pension of one eightieth of final Minimum
pensionable income for each year of pensionable Service together with additional pension in respect
of premiums paid on Pensionable Income in excess of Minimum Pensionable Income.
From january 2012, pension provision 15 being made through the Defined Contribution IDCI Plan
within the Scheme. In general, members pay 8% of their Pensionable Income and employers pay 6%
of members, Pensionable Income into individual pension accounts, which are operated and managed
on behalf of the Pension Trustee by Broadstone Corporate Benefits Ltd. In addition, the employer
pays 8 further 4Yts of Pensionable Income to cover Death in Service Benefits. administration costs,
and an associated insurance policy which provide5 income protection for Scheme members if they
are unable to work due to long-term incapa¢ity- This income protection policy has been insured by
the Baptist Union of Great Britain with Aviva Limited.
The Scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102.
Because it is not possible to attribute the Scheme's assets and liabilities to Specific employers, the
scherne is accounted for as if the Scheme were a defined contribution scheme.
The Ministers are eligible to join the Scheme.
Artuarial valuation as at 31 December 2019
A formal va5uation of the Defined Benefit IDBI Plan was performed at 31 December 2019 by a
professionally qualified Actuary using the Projected Unit Method. The market value of the DB Plan
assets at the valuation date was £298 million.
The valuation of the DB Plan revealed a deficit of assets compared with the value of liabilitie5 of E18
million (equivalent to a past seNice funding level of 94%). The Church and the other employer5
5UPPOrting the DB Plan are collectively responsible for funding this deficit.
The key a55umptions underlying the valuation were as follows..
Type of financial assumption
%pa
RPI price inflation assumption
CPI price inflation a55umption
Minimum Pensionable Income increaseslCPI
plu5 0.75YD pal
Assumed investment returns
Pre retirement
3.20
2.70
0.50
2.95
Page 24
continued...

Ba
tist Church
Note5 to the Financial Statement5- continued
for the Year Ended 31 December 2023
17.
EMPLOYEE BENEFIT OBLIGATIONS- continued
P05t retirement
Deferred pension increases
Pre April 2009
P05t April 2009
Pension increases
Based on CPI with an annual fToor of 0%
and annual cap of 5%
1.70
3.20
2.50
2.70
Post retirement mortality in accordance with 80% of the S3NA standard mortality table, with
allowance for future improvements in mortality rates from 2013 in line with the CMI 2019 core
projectlDns, with a long term anriual rate of improvement of 1.75% for males and 1.5% for
female5.wlth the core Smoothing parameter and with additional initial mortality improvement factor
A-0.5%.
The next actuarial valuation of the DB Plan within the Scheme is due to take place not later than as
at 31 December 2022.
Recovery Plan
In addition to the contributions to the DC Plan set out above, where a valuation of the DB plan
reveals a deficit the Trustee and the Council agree to a rate of deficiency contribution5 from
churches and other employers involved in the DB Plan.
Following the 2019 valuation a Recovery Plan was signed in September 2020 under which deficiency
contributions are payable until lune 2026. These contributions were broadly based on each
employer's membership at 31 December 2014 and increase annually in line with increases to
Minimum Pensionable Income as defined in the Rules.
On 30 June 2022 the Baptist Pension Scheme signed an agreement with the insurance company Just
Group I Iu5t"I to Secure D& Plan members, pension benefits. Just are now providing financial backing
for all pensions provided through the Scheme's DB Plan and following thi5 transaction, the Scheme
no longer has a shortfall. An updated RecDvery plan was then signed in August 2022 under which
recovery contributions from each participating employer in the DB Plan reduced to £1 per month
from August 2022.
Movement in Balance Sheet Liability
Section 28.IIA of FRS 102 requi￿$ agreed defitit rÈcovery payments to be recognised as a liability.
The movement in the provision is Set out in the table below.
31.12.23
31.12.22
Balance sheet liability at year start
Minus deficiency contributions paid
Interest cost Irecognised in SOFA)
Remaining ¢￿di￿(change) to balance sheet liability Irecognised in
other gain5 and losses).
31,200
13,7421
587
128,0671
Page 25
continued...

Ba
t15t Church
Notes to the Financial Statements- continue
for the Year Ended 31 December 2023
17.
EMPLOYEE BENEFIT OBLIGATIONS- contlnued
Balance sheet liability at year end
°comprises any change in agreed deficit recovery plan and chènge in assumptions betwee
vear-end5.
The year end liability is now considered to be nominal and the monthly charge will be treated as an
annual expense.
31.12.23
31.12.22
Discount rate
Future increases to Minimum Pensionable Income
5.71fA
4.10%
2.00%
3.2%
18. RELATED PARTY DISCLOSURES
There were no related party trangactions for the year ended 31 December 2023.
19. ULTIMATE COTrmlOLLING PARTY
The charity is under the control of the Board of Trustees.
Page 26

Ba
tist Church
Detailed Statemen
of Financial Activities
for the Year Ended 31 December 2023
31.12.23
31.12.22
INCOME AND ENDOWMENTS
Donations and legacies
Offerings
Donations
Gift aid
Legacies
268.123
62,943
59,214
283,230
60,992
60,076
45,098
390,280
449,396
Investment income
Rents received
Dep051t account interest
2,802
6,115
13,515
2,190
8,917
15,705
Other income
Sundry income
10,942
9,274
Total incoming resources
410,139
474,375
EXPENDrruRE
Raising donations and legacies
Trustees, salaries
Trustees, NIC
Trustees, pension contributions to money
purchase schemes
Staff salaries
Social security
Pensions
Manse rates and water
Manse insurance
Manse repairs and improvements
Ministers, travel
Hospitality allowan
Visiting preachers fee5
Evangelism
Church insurance
Church repairs
Cèrried forward
73.704
6,775
74,993
3,464
7,824
45,026
Z,665
9,601
27,772
5,724
4,125
5.241
609
8,283
310
380
746
44,964
6,253
10,553
203,018
5,687
1.847
16,318
1,077
2.628
338
8,941
7,352
14,219
194.401
This page does not form part of the Statutory financial statements
Page 27

Ba
t15t Church
Detailed Ststement of Financial Activities
for the Year Ended 31 December 2023
31.12.23
31.12.22
Raising donations and lega¢les
Brought forward
Church furnishings
Church light, heat and water
Pension deficit interest
194.401
4,006
14.596
203,018
1,282
14,395
587
213,003
219,282
Charltable artivities
Youth minister and children's worker wages
Pensions
Youth and children's work & materials
Grants to institution5
20.870
5,812
15.583
78,966
21,720
932
6,042
82,769
121.231
111,463
Other
Fixture5 and fittings
20,821
Support costs
Management
Wages
Flowers
Postage and telephone
Printing and stationery
Subscriptions
Worship expenses
Other
52,432
1,449
5.905
4,862
9,176
5,887
6,968
49,864
1,190
6,154
4,988
5,304
4,951
4,821
86,679
77,272
Governance costs
Auditors, remuneratlDn
Auditors, remuneration for non audit work
4.620
2,340
4,260
2,700
6,960
6,960
Total resources expended
427.873
435,798
Net lexpenditurellincome
(17,7341
38,577
This page does not form part of the statutory financial 5tatementS
Page 28