2022-12-31-accounts

Contents		Page
Report ofthe Trustees		1-8
Auditors' Report
Statement of Financial	Activities	10
Balance Sheet
Cash Flow Statement		12
Notes to the Financial	Statements	13-32

							Total	Total
					Unrestricted	Restricted	funds	funds
				Note	funds	funds	2022	2021
					E	E	E	f
Income and endowments		from:
Donations and legacies					124,599	6,542	131,141	495,508
Charitable activities					94,848		94,848	63,435
Investments					14,179	455	14,634	13,239
Other income					1,000		1,000	12,544
Totalincome and	endowments				234,626	6,997	241,623	584726
Expenditure on:
Charitable activities				6	243,892	14,750	258,642	268,684
Total expenditure					243,892	14,750	258,642	268,684
Net income/(expenditure)					(9,266)	(7p753)	(17,019)	316,042
Other recognised	gains/(iossesJr
Gains/(losses) on	revaluation		of
fixed assets					700,526		700,526	315,401
Gains/(losses) on	revaluation		of
investment assets					46,161		46,161	26,911
Net movementin	funds				737,421	(7,753)	729,668	658,354
Reconciliation of	Funds
Total funds brought forward				16,17	5,527,804	361,354	5,889,158	5,230,804
Totalfunds carried forward				17,19	6,265,225	353,601	6,618,826	5,889,158

							Note	2016	2015
								E	E
Net cash provided by/(used		in) operating activities						993,243	595,754
Cash flows from investing		activities:
Purchase and revaluation	offixed and		investment		assets			(753,396)	(353,490)
Net cash provided by (used in) investing activities								(753,396)	(353,490)
Change in cash and cash	equivalents		in the	reporting		period		239,847	242,264
Cash and cash equivalents		at the beginning		ofthe	reporting
period								357,256	114,892
Cash and cash equivalents		at the end	ofthe	reporting		period		597,103	357,156

				Unrestricted	Restricted	Total	Total
				funds	funds	2022	2021
				E	E	f	f
	Offerings			83,456	4,191	87,647	96,535
	Tax refunds			27,019	1,411	28,430	19,542
	Donations			14,124	940	15,064	14,343
	Legacies						365,088
				124,599	6,542	131,141	495,508
	INCOME FROM CHARITABLE ACTIVITIES
				Unrestricted	Restricted	Total	Total
				funds	funds	2022	2021
				E		E	E
	Local Mission	Events		1,522		1,522	676
	Children & Families' Ministry			9,603		9,603	6,009
	Community Centre —room hire			26,414		26,414	12,750
	Income from	The	Ark (incl Renew)	50,099		50,099	27,321
	Fees for weddings		and funerals	3,155		3,155	4,165
	Group activities (see note 20)			3,290		3,290	2,385
	Secondment	income		675		675	9,900
	Other charitable		income	90		90	229
				94,848		94,848	63,435
4.	INCOME FROM INVESTMENTS
				Unrestdcted	Restricted	Total	Total
				funds	funds	2022	2021
				f	f	E	E
	Rent received			13,284		13,284	13,186
	Bank interest			895	455	1,350	53
				14,179	455	14,634	13,239

	FOR THE YEAR	FOR THE YEAR	FOR THE YEAR	FOR THE YEAR	FOR THE YEAR	ENDED 31DECEMB	ER 2022
5.	INCOME FROM OTHER SOURCES
						Unrestricted	Restricted	Total	Total
						funds	funds	2022	2021
						f		E	f
	Grants					1,000		1,000	12,544
						1,000		1,000	12,544
	EXPENDITURE ON		CHARITABLE ACTIVITIES
						Unrestricted	Restricted	Total	Total
						funds	funds	2022	2021
						E	E	E	E
	Ministerial					56,099		56,099	96,712
	Mission					89,854	58	89,912	84,740
	Group activities (note 20)					2,320		2,320	1,954
	Donations/grants		(note		10)	22,500		22,500	22,500
	Establishment					28,762	9,763	38,525	24,939
	Maintaining	investment				1,697	2,775	4,472	1,204
	Miscellaneous					1,375		1,375	214
						202,607	12,596	215,203	232,263
	Support and governance				(Note 9)	41,285	2,154	43,439	36,421
						243,892	14,750	258,642	268,684
7.	SUPPORT COSTS
						Unrestricted	Restricted	Total	Total
						funds	funds	2022	2021
						E	E	E	E
	Staffing					11,617		11,617	11,666
	Telephone	&IT				9,834		10,738	4,604
	Postage &	stationery				1,457		1,457	809
	Leases, licences &subscriptions					4,899		4,899	5,988
	Equipment	&sundry		costs		5,498	316	5,814	4,877
	Depreciation					5,266	934	6,200	2,477
	Finance costs					14		14
						38,585	2,154	40,739	30,421
	Governance	costs
	Audit/Independent			Examination		2,700		2,700	6,000
						2,700		2,700	6,000

DONATIONS/GRANTS
	Unrestricted	Restricted	Total	Total
	funds	funds	2022	2021
	E	E		E
BMSWorld Mission	10,500		10,500	10,500
Baptist Union Home Mission	9,500		9,500	9,500
South Wales Baptist College	2,500		2,500	2,500
	22,500		22,500	22,500

	2022	2021
	E	E
Wages &salaries	105,087	125,392
Social security costs	2,760	7,157
Pension costs	7,527	10,262
	115,374	142,811

			Total	Total
	Full-time	Part-time	2022	2021
Ministerial
Mission
Establishment
Support

			Unrestricted		Restricted	Total
		Church
		property	Fixtures,
		(excluding	Fittings,
		investment	Equipment	Total
		property)	&Plant	Unrestricted
		E	E
Cost
At 1January	2022	4,859,746	184,680	5,044,426		5,044,426
Additions			1,111	1,111	5,600	6,711
Revaluation	gain	684,442	16,085	700,527		700,527
At 31December 2022		5,544,188	201,876	5,746,064	5,600	5,751,664
Depreciation
At 1January	2022		3,859	3,859		3,859
Charge for year			5,266	5,266	934	6,200
At 31December 2022			9,125	9,125	934	10,059
Net BookValue
31December 2022		5,544,188	192,751	5,736,939	4,666	5,741,605
31December 2021		4,859,746	180,821	5,040,567	-	5,040,567

NVESTMENTS
		Fixtures,
		fittings,
		equipment
		&plant
		(included in
	Property	property)	Total
	E	E	E
Cost
At 1December 2022	237,045	2,350	239,395
Revaluation gain	46,161		46,161
At 31December 2022	283,206	2,350	285,556
Depreciation
At 1December 2022
Charge for the year		387	387
At 31December 2022		387	387
Net book value
At 31December 2022	283,206	1,963	285,169
At 31December 2021	237,045	2,350	239,395

DEBTORS
	2022	2021
		f
Trade debtors	1,454	1,743
Other debtors		270,000
Accrued income	4,483
Prepayments	796	594
	6,733	272,337

			2022	2021
			E	f
	Petty cash		116	139
	Current Accounts		38,787	24,698
	Deposit Reserve Accounts		558,198	332,319
			597,101	357,156
15.	CREDITORS: AMOUNTS	FALLING DUE WITHIN ONE YEAR
			2022	2021
			E	E
	Other taxation and social security		1,845	2,690
	Other creditors		902	1,034
	Trade creditors and accruals		10,013	16,984
			12,760	20,708

RESTRICT	ED FUNDS
		At 1			At 31
		January			December
		2022 f	Income E	Expendituref	2022 E
Sycamore	fund	1,970	440	(58)	2,352
Renovation	&building	359,384	6,557	(14,692)	351,249
		361,354	6,997	(14,750)	353,601

			At 1				At 31
			January				December
			2021	Income	Expenditure	Transfers	2021
			E	E	f	E	E
Sycamore	fund		2,434	236	(700)		1,970
Renovation	&	building	5,354	357,281	(3,171)	(80)	359,384
			7,788	357,517	(3,871)	(80)	361,354

		At 1January			At 31
		2022			December
			Income	Expenditure	2022
				E	E
General funds		5,262,074	926,522	(163,912)	6,024,684
Designated	funds	265,730	54,791	(79,980)	240,541
		5,527,804	981,313	(243,892)	6,265,225

		At 1January				At 31
		2021				December
			Income	Expenditure	Transfers	2021
		E	E	f	f	E
General fund		5,115,687	562,084	(262,859)	(152,838)	5,262,074
Designated	funds	107,329	7,437	(1,954)	152,918	265,730
		5,223,016	569,521	(264,813)	80	5,527,804

						At
			At 1January			31December
			2022 6	Income f	Expenditure f	2022 E
Group activities			1,080	2,798	(2,889)	989
Legacy incl Kingdom		Bank	242,934	894	(34,573)	209,255
Donations for	Youth
Worker			5,000			5,000
Ark including	Asda grant		16,716	51,099	(42,518)	25,297
			265,730	54,791	(79,980)	240,541

		At 1				At 31
		January				December
		2021	Income	Expenditure	Transfers	2021
		E	6	f	6	f
Group activities		3,938	2,385	(1,954)	(3,289)	1,080
Legacy incl Kingdom	Bank	86,675	52		156,207	242,934
Donations for Youth	Worker		5,000			5,000
Ark		16716				16,716
		107,329	7,437	(1,954)	152,918	265,730

				Unrestricted	Restricted	Total
				f	f	f
Tangible	Net		Assets	5,736,938	4,666	5,741,604
Investments				285,169		285,169
Bank				248,166	348,935	597,101
Net current		liabilities		(5,048)		(5,048)
				6,265,225	353,601	6,618,826
~P«
				Unrestricted	Restricted	Total
				f	E	f
Tangible	Net		Assets	5,040,567		5,040,567
Investments				239,395		239,395
Bank				265,802	91,354	357,156
Net current			liabilities	(17,960)	270,000	252,040
				5,527,804	361,354	5,889,158

ACTIVITIES
				2022	2021
				f	f
Net income/(expenditure) for the reporting			period (as per the
Statement of Financial Activities)				729,668	658,354
Adjustments for:
Depreciation charges				6,587	2,477
(Increase)/decrease	in stocks			668	411
(Increase)/decrease	in debtors			265,604	75,778
Increase/(decrease)	in creditors			7,948	11,112
Net cash provided by/(used in) operating		activities		993,243	595,754
analysis ofCash and	Cash Equivalents
Cash in hand				597,101	357,156
Total Cash and Cash	Equivalents			597,101	357,156

			Un restd cted	Restricted	Total	2021
			f	f	f	f
The	following	operating	leases were in existence at the year	end
Due	in less than 1year		2.271		2,271	2,271
Due	in 2-5years		4,085		4,085	6,156
			6,156		6,156	8,427

					Total
			Unrestricted	Restricted	funds
			funds	funds	2021
			f	E	E
Income and endowments	from:
Donations and legacies			137,992	357,516	495,508
Charitable activities			63,435		63,435
Investments			13,238		13,239
Other income			12,544		12,544
Total income and endowments			227,209	357,517	584,726
Expenditure on:
Charitable activities			264,813	3,871	268,684
Total expenditure			264,813	3,871	268,684
Net income/(expenditure)			(37,604)	353,646	316,042
Transfers between funds			80	(80)
Other recognised gains/(losses):
Gains/(losses) on revaluation		offixed
assets			315,401		315,401
Gains/(losses) on revaluation		of
investment assets			26,911		26,911
Net movement infunds			304,788	353,566	658,354
Reconciliation ofFunds
Total funds brought forward			5,223,016	7,788	5,230,804
Totalfunds carried forward			5,527,804	361,354	5,889,158