FRIMLEY BAPTIST CHURCH FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 December 2023 Charity registration 1132849 Frimley Baptist Church. Balmoral Drive. Frimley Camberley. Surrey. GU16 9AR ww.fbc.org.uk FRIMLEY WTIST CHURCH For the yew ofid￿ 31 DKomber2023 Pag• Twste6'$ Annual Roport Inde[￿dent ExamFnefs ReF(¥I Statement of Fina￿18] A¢tsvbbes Balan￿ Sheet Notas to thè FIna￿la1 Slat8m 8-14 FRIMLEY BAPTIST CHURCH TRUSTEES. ANNUAL REPORT For thg year ended 31st Deumbor 2023 The Truslees are pleased to sui¥nitlheir ArThial ReF*NL Constltulo Frnnley Baplist Chjrch (the Churth) Vras Constit￿ as a In Ils rfght kn 2009. charity nufflber is 1132849. A written ¢Xl￿t￿lic￿l wfiith fo11o4VS the Baptist UrKffi fomwt sèts thè rylndrA•s by which th• Church is organised aTrJ mrygj. A separate Intst de& uM)tsin8 provjws govemirvJ the churth building. Mlnlster. T￿￿te•S and Allnlsty T••n DuritYJ. 2023 the r8MswJ struclure iMplem￿ta￿ in 2021 1x￿lIn￿lI0 bed inwith the Twstee Tean and th8 MiThstry Toam f￿Ang thelr speca.fic wponsit*lth8. Th8 T￿￿te￿$ continued to oversee the operation of thg charity in twms crf ￿1r Spiritual overwght and IwJal rosponsib(lib"es, whiL81 the Ministry Team conc8ntrated upon th8 MLdtit￿￿8 of areas that thèy cdlg¢tlvdy resPOn￿tAe for {ministry. youth. and past£￿ mattwsl. The Minister. Tntstees and Ministy Team members 8rg 8wKAnted bytho M￿berS oftho (￿urth in accordance vthh the Cortstltulic￿. People are eligible to h(4d the KM)St of Trusiee aThJ manber of th8 MinistyTeam and limitations aF¥tyr8latsd to doso faTrwly mem￿r5 bwngwithin Ihs Iwjershlp {as set out in Ihe FBC constitution). Minister. Rev. 13yn TtrKrfnas. T￿￿tee and Chwmwn of bolh fv Tn￿leeS ￿ Ministy Team TNstees Derek Witt- R￿lected in May 2023 Sally Ashf(Yd Duntxn Matheson- R￿le(led in May 2023 Colin Mapperfey Ministry T•am MaI￿lm Wc*Jd- Penod of Serv￿ end&J in May 2￿23 Rathel Bevan- PeriTrJ of semce endad in May 2023 Na¢th Walte- Perfod of seN¢e ondgd in May 21Y23 Da￿d Day- R&elected in May 2023 DuneAn Math8son- Sto(KA down from 1h8 Mlrkny Team In May 2023 Rosle Cowperlhwalle Joann& Hayes Marilyn John JamE Hill- Ele(*ed in May 2023 Sltphèn Fenwck- Resigned as y￿th Le&Jereff￿l1Ve 31# August 2023 Dave Ctqan. Cw)ted onlo the Ministy Team in Novemter 2023. FRIMLEY BAFnsT CHURCH TRUSTEES. ANNUAL REpoirr For tho yw •ndod 31st t)e￿nbel 2023 Pald Staff Minister Rèv Qyn Th(ffi&s Bursar Fiona Mapperley Youth Worker Stephen Fenwck unll erKI August 21JrJ. Da￿ t)crn) •prAnted as d 12 NownLwr 2023. Church Administrator Mahesh Thapa M￿ar T￿ Church hos ¢￿tin￿l its mlr¥8try of athfanc4ThJ the christi￿ faith in and pdh)n. t*)th locally. nationally. aThJ orouThJ the vnrtd- other ¢￿￿￿a￿onS and indwidL￿ls through prayer aThJ finandally. In a nom￿ y8ar. thè Churth runs sC￿e 40 acts¥ilies coverNvJ a fiAI spectrum of ages. T￿e ￿e open to all and thwfreè of c*aTrJe orfor a small. nomi￿￿ chargo. During 20Y3 Ihe m8in 10..30am SuThJay serviw rx)ntlnwl to bg INfrstrgwl and. subwuanty malle availaiAe in edtted form, on Y￿jTUbe. Groups for men (rhe Shed) Ladies (w￿nen FBCI met thrOUghc￿ the year. engaging various activities. Tr Popln café. MithHeek Felhxship. 8n Eng￿￿h larwage supwrt group for tlThe whose first language is rh)t English. cyerated for mosiw8&ks thè yèar. In addition. we work vrith some outsKle organisalions such as a locat wvnary scw hosting thèir Christsvas 9￿j Easter perfc*mane*s. We Pfowde a daytime meetirvJ spaca fc￿ s8vèral cancar support groups linked lo Frimley Park Pkn5Pital also prowiding a ¥￿ue for heaNh Prof￿￿￿)81$ to d8lN8r trainiNJ to schcdleacher5, nurses and othor carg W0￿ditYa 0￿n￿&s. W& dosely wilh som810(sl relugee families. The Churth commrts to give 20% of unroslrl¢t￿ Ir￿X￿ to a¢ll￿tieS outsldo of Frimley BaptisL in addition Ihere are cdlections for the'C(mmuntty Carg, fvnd1£14,246 20231811 of whlch Is useLI to supwrt the needy Iccally, natNJnally, intèmationally. Thor8 W8r8 S￿(la1 collections I￿.. Turkey I Syria Earthquake lin May 2023): FBC Supwrted Mission8rf0s {kn November 20231: SSM llrthn￿a &Jucation tharftyl and Hovera*l D￿&M￿r 2023). IAfull report ofthe Chjrch's thbes can t* fr￿nd in tho Clwrth's Amual Rewwt2023 presented al the Annual Church Member5. Meeting in May 2024.1 Public 8enofft The Trustees have conshlered Ihe guidance by Chty Commwpjn regarding publ beneffit and the work of the charity. Trnlnlng of Tru8t•8s On apKK*nlment Trustees we given an inducticm ￿ to exFlain tho duli&s and r8sponsibilits8s of Trustees. ￿lere Ministy T8arn roles carry specific respongbilibos. trwniNJ 1$ provKlgd as ne¢e$sary. Al Tru$t8es and Ministy Team membef5 undergo saf•guarding training and are DBS ch8cked al the en1￿￿ed I￿e1. FRIMLEY BAPTIST CHURCH TRUSTEES, ANNUAL REPORT For th• ￿ •nd•d 31*t Decamb8r 2023 Declslon maklng wocess T*lthln th• Charfty De￿S￿￿S are taken in aCcOrdar￿ th thg fr*n8woth set out in thè Cffistilullon. Th8 dèclston of the Church Members. Meeting is final. ProK%)s* are ￿￿3ht to the ChuTth Mefflbws. Meeting by both the Trustso group and th¢ Ministy Team. The Trustees rthn fomMI legal resFX)nsibilib&s forthè effg¢ifve runnkng of the thU￿h (the ¢harfty) and the delivery of its otiectwes. ￿ Churth Megb"F¥J may gNe direclions to the Twstsos, but legal reS￿sibIlitieS cannot b8 held ￿ ddegaW by the Chwth Medng (ft* ox8mpl8 In ro18t to the employment of staffj. From time to time. su￿pS c< the Ministy Team aro a￿18s*nOd to lask of evaluating Optio￿ Ivthhin theirdelegat&l respongbllrtiesl ar￿ are (di8(wswI in full mpeb.ngs of the Ministy Team. DeKisions are made by Ihe Ministy Team. W wlthln th&ir remiL u matters are brought to the Church Members. Pkntirg for dixusskn WKI votkng. Btyts a￿ agregj annually by thg NO¥￿}ber Church Membets, Meelir@ Exp8ThJiluro Ls Thrado only on approvd oftho budggt W8r and ￿1h du81 athylsation. Flnan¢0 The rmno1￿ statements: have been preparnd In wilh th& ac￿￿nting Fdi(aes set in Th)tes ks the financ#al statements: C￿ty with the gov8rThng (kornL The Charrbes Act 2011: and Acc(xJnting a￿1 Rep(KtirvJ by Charilie5: Slaternenl of R￿£￿ended Practice appficable lo charities preparirvJ their finanoal statèmènts in accordancè wth tho Finaniaal Rewting Standard appl￿ble in the UK and Republic of Ireland fcharilies SORP"). The Church is financ&1 by members and otrw indivHJuaLs (*Jsefy assotxated wlih IL Thèrè was a surFlus on general lurNJs of £18,489 in 2023. Cash has beerb invastgd the Cambridg8 & Counl'es bank on a sh)rt4ami basis to 8am rates of Interest. The Trustees give thanks lo Gc•J f￿ Iho timely of thrrwh Hts to enablg the work olthe thurch to continue. The Church Ihe major rth to vthith the Chxch is exp>&J ￿ an annual basis. Th8 Church has g8neTal reserves to bo to witin￿ its mirristy. these total £161,702 on 31 December 2023. The Church aims to retain abcwjt £40,000 aq reserves to fuffil 115 obligations a5 an employer and to coverany unforeseen o)sts. Any a&JItk￿￿1 furnls above thè rèsèrvès ￿¥¢1 are retained for future spending and wll be used when appropriate to enh8Thx the ministry of th Church or d8velop the Church's premises. Reserves wll be in¢roased lo énsuro wo meet all our obligatio￿. A sum of £30,OC4J was 'n￿f￿cÈd. fL* th8 purr%>￿ of supporting the creation of a full or part twne cc*Nmunity and pastoral worker Ix%t to hèlp Pr￿1th and fuffil the Church's visi¢ slatement"Together. connecting Christ, church. and community" by helping dolivgr pastoral ca aThJ discAFdeship SUPF*)rt b ajults and seniors. FRIMLEY BAwnsr CHURCH TRUSTEES. ANNUAL REPORT For th• ygar ondgd 31st Doc•mb•r 2023 Statoment of Tru•to•8' R•8ponslblllll•s The trusteas 8ro responsiblts for wepariTrJ the Annud Report a￿1 the fin￿(*81 statemerts In accordan￿ Mth applKable law aTrJ regulakn￿S. The law a￿l￿ble to Charit￿ in E￿land & Wales requires the trustees tl Prepare financial slatements for each finarrial year in acC(Kdar￿o with Unl￿￿ lfjrrfjthrfn Generally Attepted Accountlng Pr8dc6 {unIt￿ Kingd(Mn Ac¢xuntif¥J Standards aml atfdicatde lawl. The trustees rnusl not approve the finarKial slalements unless trw arn sabsf*d that they gtve a Inje and fair viawof the state ofaffairsofthe charity and of the in(x>miThJ reSoxw￿8rnl applicatM)n ￿reSOUr￿, I￿rUth.r￿j the income and expendtbjre. crftho charity for that pericKI. In preparing these fi￿(la1 stalemerts, the trustees are rgwired t•: a) select sulta￿e ￿n11ThJ Oicaes and apF4y thom conslst&nly. b) obseN8 mellKxl$ and princ4￿¢$ in the char￿eS SORP, c} make judgments aThJ aca)unting estimates Ihat are reas(￿at48 and pnthnt,. d) stat8 wheth8r applicablè UK A£cLyJnting Stsndards have bew folbwod, $u¥g¢t to any materfd departures dis¢k6ed and eX￿ained in the financial statements. o) prepare the financial slatements on the witvJ c(#Kem bags urtss it is inar4)ropriate to preswne that the tharity wll continue lo cperate. Th8 trustees are resp(N)si148 lor s￿(¥8nt aoxuntirNJ re[L￿￿S that disclose with reasonable accJJTxy at any tim8 the financaal pos11￿ of the dwrity and enat48 tham to ensure that thè fsn8neial slat•m6nts cOm￿Y with tho C￿￿ntieS Art 2011, ts Charity (Accounts and Rep￿ts} Regulations 2008 and Ihe prowsKms of the trust deed. They are dso resrM)nsible for safgguarding tha assots of the tharity and Ste￿ ft>r tho wevenlion and detection of fraud and other irregulaiibes. Oryanlsallons Bank•rn National Westminster Bank Wc 45 Park Street CaMb8￿Y s￿￿Y GU15 3PA Indwndent Examlngr Andrew Skdtffi ACA Brv*ers Chartered AcccyJnknts (￿e8￿ SlrBel Gornshall Sunpy GU5 9LY CAF Bank Ltd 25 Kings Hill Avenu8 lQngs Hil Wesl m￿ling Kent ME194JQ Tnth on 2 2￿4 afof the Trustees Athes( FRIMLEY BAPTIST CHURCH Indopond•nt Examlngrfs Reportto the Trustws of Frlml•y 3aptlst Church I report tothé trust88s on myèx8mination ofthe fin8ndal stst8m8nts ofThe Frinkn Baptt3t Church {'the charity'l forlhe year 31 DeC￿ber2o23 (x)mwise th8 Statemwt of Finan(il ￿hNIties. the Baance S￿t arnl rglalwj notos. This report is made to the than1￿3 tru5tee5, as a ￿, in a(xort18￿ with S￿tK)n 145 of th¢ Charioes Act 2011. My Mrrfk has been undertaken so Ihal I might state to the charity's trustees Ihose trott￿ l am rffjuired lo slate tothèm *) this rep)rtand for no other purpose. To the fijllest exlent peTmitted by l&v, I do r￿t aci* ¢x assumè respon%bilty to anyone other Ihan the charity and the charltys trustees as a body. for my work, for ttus report, c* for thè o￿AlonS I havè formod. R•sponslbllitl•s and basis of r•w¢ A8 tho trustegs of tha tharity you ar8 rwthsit4e Iha waparalion of the statements in acc£rfdance with the WUiTements ofthe char￿8$ *0￿ 2011 Arf). I rgport in respgcl crf my examinalion of Ihe thariws finanaa stateffthls carri8d out under section 145 oflhe Act and in ¢arying c&rt my eyaminatKffl I h8vefoll(Md all ts appli￿ble Dlr8clicms &yven by the Chartty Commi5siJn UnderS￿tiOn 145(5llb) of th8 ACL An independent examinati accounting recxxds were kept in resp*d of thg as rEqulrgd by soctb)n 130 ofthe Ac(. or the finanaal statements do Th)t ￿{x￿d wth Il¥Jse recrf. or the flnandal slatom￿ ¢$) Mt corn￿ th& applicat4e ￿luIrements oJnc4ming the form and (x)ntsntofatx(wnts sel out in th& Charfties (Acuwnts and Repc*ts} Regulations 2[￿ other Ihan any ￿uireMent that the accounts gNe true and f￿r Mew vthith 18 not a matter r>Msider*J as part ol an Indèw)d8nt examinalicm. examinati￿ to whith attention shoubj be drawn in this reF(xl in Order to erAt4e a pr￿T understandiro of the fina￿1￿ statemtrnts to reached. Alld￿ Skltm, ACA INtependenl Examiner Brewers Chartergd A¢¢ounWts Boum• Hcyjse. Queen Street. Gomshall. Su￿￿. GU5 9LY Date: 2 Awil 2024 FRIMLEY BAPTIST CHURCH STATEMEKf OF FINANCIAL ACTMTIES Forthe year er1d￿ 31st Docambv 2023 G•neral Doslgnatsd Rostrlctsd Total Total Motss Funds Funds Fund8 2023 2022 Incom• and •Thdown￿ from Donation$ and legacles Offerings and donatio Inrame tax recoverable donatk)ns 164,1 38.133 202202 37.522 201.591 200.309 6.017 44.150 44.039 43,539 245,741 244,348 Investrnent Income Interest 1.612 1.612 1,612 1,612 629 629 Charltable A¢tlvltles Children ￿Uth dubs Popin Café 933 1.1(Kl 8.288 9.221 1.100 8,288 10,321 9,869 706 10,575 Total Income 205.847 51,827 257.674 255,552 Expondltur• Charltabh ￿lIVI￿e¥ Ministry Mission Church premises Café expenses Support Costs 77,1 52.083 27.276 7T,1￿ 77,327 45.167 97.250 80.715 46.231 63.183 1,063 663 29.740 23,632 18.955 29.746 Totsl Expndlturo 187.358 18,955 45,167 251,480 245,520 Net Incom• I IExpendlturo1 for th• y•8r 18.489 118.9551 6.660 6.194 10.032 Trwsfor b•tw8on funds (33.7803) 33.780 Other recognlsed galns I (losses) Actuark?I gains l {bss8s) on defined bonefft pe￿OnS schernes 14 15,432 M•t Movamont In Funds 115.2911 14.825 6.660 6.194 25.464 RKonclllatlon Qf Funds: Total FuTrJs brought forward 176,993 443.758 10.688 631.439 605,97S Total Funds Ca￿l•d forward 161,702 45B,583 17.348 637,633 631,439 FRIMLEY BAPTIST CHVRCH BAIJTrICE SHEET Al 31st D•c•mber 2023 FIX￿ Assets Tangible fix￿ assets 436.261 451.758 D8btors Bank and cash 10.638 191,739 205.377 10.461 171,789 182.250 Current Llabllltlgs Creditors.. aMc￿nts falllw due wlthln c￿0 4,005 Nel Currenl As80ts 201.372 179.681 Total Assets Less Current Uabllities Net As80ts •x¢ludlng Penslon Uablllty 637,633 631.439 Defined benefrt Ponsion schemo Pension bability Totsl Net As$•ts 637,633 631,439 ¢harlty Funds Unr8slricted funds Designated fvnds Total unfestricted fvnds 161.702 458.583 620,285 176.993 443.758 620,751 Reslrthd funds 10 17,348 10,688 Totsl Charlty Funqls 637,633 631.439 Approv•d by th• Trustoes on 2 April 2024 and slgn•d on th¢lr bohall by: .. D Matheson FRIMLEY BAPTIST CHURCH NOTES TO THE FINANCIAL STATEIAEMTS Year 31 December2023 1. Accountlng Polices Basis of A¢counling The financial statements have been prepared in 8cwdan￿ vlilh 'Accwnting and RerK)rtirKJ by Charit*s: ststement of Recommended Practice applbcable to charitses prepariThJ their accounts in accordance th Financial Reporling StarKlard applicable In the UK and R8pUt1￿ of Ireland IFRS 1021 ISecx)nd EdKion)'ar the Financial Reporting Standard applicable in the United Kir￿Orn and Reput4ic of Ireland IFRS 1021 and th8 Charilies Act 2011 arKi the UK Ge￿ knepied Pract￿ as from 1 January 2015. The financial statemonts have been prepared lo g￿￿ a Irua and fairf VMY and have departed frr*m the Charities {ACC￿nts and Reports) Regulatk)ns 2008 0￿Y to the extent required to wovide a 't￿￿ and fair ew. This departure has invofved Idl￿￿ng 'Accountiro and Rep)rting by Charitie5: Staternent of Recomrnended Practice appl￿b￿ to chariiies preparing their accounts in accordance with the Financial ReKNxting Standard applicable in tho UK and Republic of Ireland (FRS 1021 (SecorKI Edilion}'rather than thg Accounting and Repc*11ng by Charibes: Statement of Rgo)mmended Practlco effecuve from 1 Aprll 2(#)5 which has since been wlhdrawn. Frimty Bapli8t Church m8&ts ts d8ffinili￿ of a publ￿ benefft entity uThlgr FRS 102. Tho Church holds only basic finantial instruments. Assets aNI liabilibes are inibally rectsJnlsed at hlstorical cost or transaction value unless other%Mse ststed In the relevant accounting Fdicy notes. The Iruslees have aSSe￿ed V*thether the use of Ihe g￿ng concern basi5 is appYowMte. After making enquries, especialty considering the impact of the c(￿Ona￿DJs pandem￿. the trustees have Ixjnduded that Ihere is a reasonable expedalion that lh8 Charity has adequate reWU￿ for the f￿8$eeable future. Th8 Charity th8refore Ix)ntinu85 to a(k)pt tha going ¢oncem ba￿ In preForing its finanLaal statements. All Ir￿mIng resources are included in the Statemgnt of Fnanclal Acmies ￿en the Charity islogally gntiugd to th8 incomè after any p8rfomance ¢))nditb)ns have been me( the amount can be measu￿1 reliatAy arbj it 15 probable that the income wll be receNe(l. Donations. IndudwwJ incomè tsx recovered C￿ donalions. are aC(XmJnt￿ for gross when receNed. Legacies are accounted for when probate has been cC￿￿eted, the amount of the legacy carb be reliably qUantir￿d and the conditsons ofts legacy we thilhln the contrd of the ¢hurth. Investment income is inclLhJed in the accounts in the spar in it is receNatle. Expondltura r8cognitloD All expenditure is accourbted on an accwals basis. EX￿drtUre is recognvzed where there ts a legal or conslructNe ok￿l98th0n to make payments to third partw, it is probabbe that setuèment will be required and th& amount of the (￿l¥jatiOn can be measured reliabty. Support Costs are those that assist the Y+tsrk of the church but do (firedy rewesenl charitable activit￿5 and include office costs and gov8mance (￿Sts. A sKJnrFi¢2nt amount of management is carried oul witlvjut charge by volunteers. This Intangib￿ ￿st is indudod in the Ststemenl of Financaal Activthgs since there Is no moasurable cost to th8 vdunteers for their services. FRIMLEY BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS Year ¢ndod 31 Docombw 2023 1. A¢counllng Pollc68 ¢onl&tru VAT Due to the naturé ofthe Churth's it is (Mrtside the scopè of VAT aNJ thèrefore its financi81 activitiO8, as stated. 8re VAT indusive. Tanglbk fixed assets Fixed assets over £1.000 are capllali88d. Depreualion is provided on ¢))st or rewalued Am￿nI ovor the estimat&J ￿ful Ipfts of the assets. The rates Land and buildings- freehokl propety 2% strawJht lino basis Fixtur8$. fittings and aqvrpmgnl 20% reduorwJ balanca b￿S Ihwgh the freehokl property has been revalu￿ by thè Tntstees perK*knlly. the Trustees do not inteThJ to revalue the prcyety wi the future. Funds Unrestricted fun(Js are availatle for use at the di￿vetKIn of the trustees in furtherance of the general objectives of the L*arity arKJ wthich have n(A be￿ de5WJWted for other purKKtses. DespJno1gd funds comprise unrestr￿ted lunds that have been sel aside by the trustees for Spec￿C purposes. The revaluation of the freehLld property has beon trea￿ as a d8shJnatwJ fwmj aThJ Is reduc8d by the annual epreciation provided. Restricted funds are fijnds wh￿h arg to b8 used in accNdance Specif￿ reslitbons imposed by donors or which have b8en raised by the charity for specrfic Pu￿8S. Expendthre whith meets the criteria is charged to the fund. The aim and use of oach restrictsd fund Is sèt out in tho to th8 ffinanci￿ stat8m8nts. Employ•e b•n•fits For all eligible member5 of staff the church pays a fixgd sum into thw perscmal p8nsk)n schemes on a defined conlr*)ution basis via the NEST sd*me *thich compli8s wth AUt￿E￿O1m8nL In previous years the church ￿ pald in to the Baptst Unk)n final sakry s(*eme for ministers. Thi% is a definad benefft scheme and was fourMI to be underfunded. The defical on this sthome has requlred the church to conlinue io pay a fixed amount of £12 per annum this Jpar Vlith Wedict￿S of £12 next year. This liabillty for the agreed deficit reduclion Pa￿nents is recognk8eil ￿ the w￿nts. FRIMLEY BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS For tho yearended 31st Da¢0M￿ 2023 Z Dlroct Charltabl• Expondlturo Mlnl$try: Gonerdl Rgstrlctod Fund Funds Total 2023 Total 2022 Ministers. slyend and pensh)n Youth worter salary and [￿nSic 48.620 27,912 616 48,620 27,912 616 44,401 31,201 1,3 Other costs 77,191 77.191 77.328 Unrastrl¢W Restricted Tolal 2023 Tolal 2022 Ml$slon Given to other causes Iso8 bgk)w) Youth and chldren's thurch Outreach Other groups 43,7 3.128 418 4.831 52.083 36,951 8.210 80.657 11.344 418 4,831 97.250 63,716 10.606 1.438 45.167 80,715 Oth•r Caus•s 2023 2022 Glv•n Glvon Community Care FLtnd [Remember the Pthy] BMS Appeal.. Christmas Appeal.. Summer Cambertey Yiyjth ftx Christ M & S Vening S & A Matheson B U (Home Missh)n} Appeals: TurkeylSyTia Earthquake l Ukraine Refugees l Asylum seekers J Carlisle Other 14.246 17.437 11.044 12,595 7,gJO 10,828 7.003 3,692 4,500 7.647 4.000 10,237 1.162 1,081 8.039 7.003 3.692 3.203 7.647 10,926 7.461 3.031 1,4(Xl 10.008 80.657 7.461 5,171 1.162 1,300 13.707 51.827 10.695 36.447 4,666 63.716 3. Upk8w of Church Pr8mls8s 2023 2022 Lhjhting and Hea￿ng Cleaning Insurances {r￿u(￿n9 Manse £6241 Repairs and maintenance (induding Manse £6681 Water ratas Other costs lall Manse) Council tax, water ratss and bro8db8nd Depreciation 8224 4,208 4264 3,865 1205 3.609 4,929 3,241 3.993 25,618 3,387 20.850 46,231 21.050 63.183 10 FRIMLEY BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMEIITS For the yw onded 3181 DeCem1￿r 2023 4. Support Costs 2022 Office salaries and penwon Printing. stationery and IT running costs Telephono Bank charges Other administration costs Govemance costs. Independent Examination fees 16.418 11,350 5.189 4.474 736 571 242 267 4.466 4.402 2.695 2,568 29,746 23,632 Support costs aro fully alktsted to fwK15 and are rb)t alr￿a￿ to any reslricted funds. 5. Ernployws and Key Manag•m•nt P•r50nnel The key management personnel of the Charity comprise of the Injslees. minister and youth wcmker. The aggregate remuneration pa¥J lo key management personnel duriro ￿ year wa5 £69.01712022- £68,569). No trustees wgre remunerated fortsr as INstso. 2022 Wages and salaries Social security costs Pension costs . der￿ed LX)nlribution 74,981 6.762 9.679 91.422 7.101 5.531 96.636 Average number of ern￿OYeeS Ministy Management and adrninithton No employeg recelved remuneration in ex￿ (rf £60.(N)O. 6. Tanglblo Flx•d A%80ts Frnohold Computor& land & & other Flxiurgs & Bulldlngs Equlpment Flttlrys Total Cost Al 1st January 2023 Addibons Disposals At 31st December 2023 943.958 3,7 84.754 543 11.710 1.040.482 1,036 5,359 947.738 85,297 12,806 1.045.841 Depreciation At 1st January 2023 Charge lor the year Disposals Al 31st O￿ornber 2023 500.200 18.955 76.787 1.692 11.737 209 588.724 20.856 519,155 78.479 11.946 609.580 NET BOOK VALUES At 31st December 2023 428.583 6.818 860 436.261 At 31st Dec8mber 2022 443.758 l of lhg r￿d assets are used ts dir8¢t tharita￿e purtM)ses. 7.967 33 451,758 FRIMLEY BAPTIST CHURCH NOTES TO THE FINANCIAL STATEMENTS For tho year •ndgd 31$ll)￿mber 2023 7. D•btors 2023 2022 Accrued Incrme: incomg tsx rwver 10.638 10,638 10.461 10,461 8. Cr￿ltOrs. amounts falllng due wlthln one year 2023 2022 Accruals 4,005 4.Th)5 2,569 2,569 g. D68lgnatsd funds Buildlngs Cash Totsl Balance at 1st January 2023 443.758 443,758 In￿rnIng 3.780 33.780 Expendliure 18.955 18.955 Balancas al 31st December 2023 428.583 30,000 458 583 The main dewgn*ed fund relates to the reVa￿ati￿ of ts freew pr(perty less deveryath￿ charged to the Slatement of Finanual Activitses. In the year £30,(X)O was desKJnated into a separate b8rth ￿nI hekl to fund an at*litiuwl member of staff as a fLxed lemi appointment. 10. Rostrict•d funds Balances at 1 January 2023 Trnnsfer Balan￿$ at 31 between Decembor Income Expenditu￿ funds 2023 Communlty Care Fund Appeals: Christmas Missbnary Christmas Gffts Appeals: Summar Appe￿S.. Turkeylsyria Earthquake RefugeesIA￿uM Seekers Pastor￿ Caro Popln Café Sheii Women FBC Children's Church FBC Juniors Children's Groups Youth Charity Donation FBC Youth Club Youth Satellites 2023 Youth Rdndeer Games Youth Bowling Youth Donutb'ng Youth Laser Youth tuck S Fenwck le8￿ng C Russo11 funo 6.178 14.246 8.039 2,807 17,437 {61) 61 2,926 8,100 2.807 7.461 5.171 7.461 3.031 316 1(M) 19 271 41 621 219 316 2,359 19 312 104 41 810 1.164 313 1,353 513 1.492 2255 254 219 763 2.352 2,098 2.009 364 378 378 1,926 237 912 51.827 912 45,167 10.688 17,348 12 FRIMLEY BAPTIST CHURCH NOTES TO THE FINANCIAL sfATEMENTS For tho yoar ended 318t Dg¢gmbgr 2023 11. Funds by Net A¥s•ts Vnr•¥trl¢t•d tl8slgnatod R•strl¢t•d Funds Funds Fund• Totsl Funds FNed Assets 7,678 428,583 436261 Current Assets 158.029 17,348 205,377 Crèditors I4.￿5) 14.U)S) Net Assets 161.702 17.348 637,833 12. Transactlons wlth Trust0￿ and ¢onn•d•d p*11*. DuriThJ the year th8 trustees m&Je th)natiC￿ to the Frimley Bapt￿1 Chwch c1£15.665 {2022- £15.725). G￿ Thomas, a tnjstee, was paKI a salary of £39.619 pensin of £3,815 8nd expwws of£421 in his posthn of Minister of the church. Eypenses relate lo travel and trainirg. This i8 akn￿￿ in the ChariV$ ￿n${lIU1￿M. Th8 son of Chjncan mat￿0￿ ￿￿rkS with Ihe charity YC￿ Wilh a MissKffl. aThJ rgceNed a th)nation of £4,0￿ from Frimley BaMlst Churc* in the year. 13. Penslon The Church is a participatir#J empEwEr in the Baptist Pensxjn Scheme rthe Scheme"). vthich a separate al entity administered by the Pension Tntsteè (Baptst PensN)n TnJ5t Limited). The assets of the Schème e held separatgtyfrom th)se ofthg Empk)yer and Other partkipat•)g empwrs. The Scheme, previousty kn¢ywn as the Baptsi minis￿ Pension Fund. slarted in 1925, but was dosed io fulure accrual of defilled benefrts on 31 December 2011. Prior lo Ihis date the main benefrt providod through th8 Defined Benefft IDBI Plan was 8 pension of one eightieth of final minimum pensthablo Onc￿le for each year of ￿nsI0natAe service IryJelW vrilh additiwl penswi in respect of w￿l￿m8 paid on Pensionable Income in exce55 of Minimum PenS￿nable Income. ￿n￿ 1 JaMary 2012. teneffts have been pro￿ded through a Defined ContriLxJbon (DCI PLqn. A fomial valuation of the DB Plan as at 31 December 2019 by a profess6onal qualifie(l Actuary using the Projgcted Unit M8lhod. At th8 ¥￿uatI)n dat8 the market value of th& DB Pian assets was £298 million, whilst the level of assets needed to pay ber￿fits was £316 million, giwng a defecit of £18 millkjn lequNalent to a past seNi¢e funding levd of 94%}. The ChurL* and the other pa￿apating empknyers in the DB Plan are cdledj'vdy responsible for funding this defec#L The next actuarial v*tk)n of the DB PL8n wthin tho Scheme Is due to tak8 place not later than as at 31 Decemb8r 2022. On 30 June 2022 the Baptist Pen&on Scheme S¥Jr￿d an agreement Ihe insurance wmpany Just Gr￿P I'Just'} lo secure DB Flan membors. pensi¢)n bonefits. Just ara rw providlng financial backing for all p8nsKJns prO￿ded through the Scheme's DB Plan and f￿10￿1[￿j this transactrjn. the Stheme no longer has a shortfall. updated Recovery klan was then svJned in August 2022 under vthich re(x)very contribulwM8 from each pathpating empbyer in the DB Pian reduced to £1 per month from August 2022. 13 FRIMLEY BAPTIST CHURCH STATEMETr￿ OF FIN￿4ClAL ACTfvmES For th• >•ar ond•d 31$1 De¢ombw 2023 l& Comparatlvos for tho Statemont of Flnanclal AcUvltles- ￿ar ondgd 31 DKomber 2022 Ge￿ra1 Deslgnated Rgstrlcted Tolal Funds Funds Funds 2022 Incom• and •ndownwnts from Donatlons and legacle% Offeilngs and donations Income tax rec￿T￿le on donations 1TT,404 39.784 217,188 22.905 2W.309 4.255 44.039 27,160 244.348 Invostmont Income Interest 629 629 629 629 Charitabl• Activiti•$ Children and wuth clubs Popin Café 9,287 7t 1,288 9.287 10.575 Total Income 219.105 36,447 255.552 Expenditure Charltablg Actlvltl Minlsty Miswn Church premises Café expenses Support Costs 77.327 51,756 77.327 80.715 63.183 663 23.632 28,959 18.879 23.632 Total Ex￿nditUr• 197.682 18,879 28,959 245,520 Net Income l (Ex￿ndIture) for the year 21.423 (18.8791 7.488 10.032 Transfor betw••n fvnds othor r•cogniwl galn$ l (los￿) Actuarial gains I Ilosses) on dery￿d benefft pensi￿$ ￿h¢M￿S 15.432 15.432 Not Mov•mont In Funds {18,879) 7.488 25.464 R•con¢ilialion of Funds: Total Funds brwghtfcwward 140.138 462.637 3.200 605.975 Totsl Funds ¢arrlgd forward 176.993 443.758 10,688 631.439 14