## ## |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|