## **BRISTOL ROAD BAPTIST CHURCH, WESTON-SUPER-MARE** Registered as a Charity in England and Wales No. 1133730 ## **INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JANUARY 2024** ## **GENERAL FUND** ## _2022/2023_ ## **INCOME** ## **EXPENDITURE** 2023/2024 _2022/2023_ 2023/2024 ## **MAIN INCOME** - _£ 25,613.57_ Offerings for General Fund - _£ 2,504.19_ Gift Aid -Freewill Offerings - £ 1,725.50 Gift Aid - Small donations scheme - _£ 60.00_ Direct Missionary Offering |£|27,287.39|_£_|_4,138.12_|Pastoral Costs|£ 3,960.41| |---|---|---|---|---|---| |£|1,346.50|_£_|_2,286.00_|Missionary Causes|£ 2,971.00| |£|1,933.00|_£_|_9,792.38_|General Expenses|£ 6,996.55| |£|155.00|_£_|_4,054.04_|Manse|£ 2,014.60| |||_£_|_19,197.35_|Fabric, equipment, maintenance|£ 4,504.52| |||_£_|_2,311.84_|Energy - Gas and Electric|£ 4,291.31| |||_£_|_5,888.40_|Church Insurance|£ 5,181.13| ## _£ 29,903.26_ ## **OTHER INCOME** - _£ 15,000.00_ Gross rent - letting of manse - £ 30,721.89 £ 15,000.00 - _£ 104.76_ Gross Interest -Lloyds PLC £ 815.65 Interest on 1 year bond £ 1,342.47 - _£ 5,500.00 Bequests £ 6,949.38_ Other Income £ 3,261.35 _£ 9,789.27_ Excess of Income over Expenditure £ 21,221.84 _£ 57,457.40_ £ 51,141.36 _£ 57,457.40_ £ 51,141.36 1 **BRISTOL ROAD B** Registered a ## **ACCOUNTS SUMMA** ## _2022/2023_ ## **CASH BALANCES** _£ 111,135.24 £ 111,135.24 £ 9,789.27 £ 120,924.51_ Cash at Bank brought forward 1 February 20 Petty Cash brought forward 1 February 2023 Excess of Income over Expenditure 2023/202 Cash carried forward 31 January 2024 **CASH BREAKDOWN AT 31 JANUARY 2024** _£ 4,716.96 £ 116,102.55 £ 120,819.51 £ 105.00 £ 120,924.51_ Treasurer's Account -Lloyds PLC Lloyds 6 month Bond Business Instant Account - Lloyds PLC Petty Cash Account ## **DESIGNATED AND UNDESIGNATED FUNDS** |**DESIGNATED AND**|**UNDESIGNATED FUNDS**|| |---|---|---| |_£_|_4,029.82_|General Funds| |_£_|_792.14_|Missionary Funds| |_£_|_2,500.00_|_Pension Debt Liability Fund - TPT_| |_£_|_75,641.47_|Pastoral/Manse Reserve| |_£_|_29,743.22_|General Reserves| |_£_|_2,000.00_|Church Insurance Reserve| |_£_|_5,000.00_|Cedric Perkins Bequest| |_£_|_1,217.86_|Friday Night Subscriptons| |_£_|_120,924.51_|| as a Charity in England and Wales No. 1133730 ## **APTIST CHURCH, WESTON-SUPER-MARE** ## **ARY FOR THE YEAR ENDED 31 JANUARY 2024** ## 2023/2024 023 3 24 £ 120,819.51 £ 105.00 £ 120,924.51 £ 21,221.84 £ 142,146.35 £ 7,298.08 £ 50,000.00 £ 84,658.27 £ 141,956.35 £ 190.00 £ 142,146.35 - £ 6,466.26 Undesignated - £ 1,021.82 Designated for missionary purposes - £ 88,686.87 Designated for costs of settling a new pastor - £ 38,141.04 Undesignated - £ 1,500.00 Undesignated but earmaked for annual insurance - £ 5,000.00 Undesignated - £ 1,330.36 Designated for funding social events - £ 142,146.35 2 ## **BRISTOL ROAD BAPTIST CHURCH, WESTON Registered as a Charity in England and Wales No.** ## **FINANCIAL REPORTING COUNCIL - SECTION 28 DISCLOSURE REPORT EMPLOYER; BRISTOL ROAD BAPTIST CHURCH (WESTON-SUPER-MARE)** ## **PENSIONS SCHEME; The Pensions Trust - Career Average Revalued Earnings ("CARE") Pension Scheme** The church participated in the scheme (but see below) , a multi-employer scheme which provides benefits to s is a defined benefit scheme in the UK. The scheme is subject to the funding legislation outlined in the Pensions Act 2004 which came into force on 30 issued by the Pensions Regulator and Technical Actuarial Standards issued by the Financial Reporting Council, occupational pensions schemes in the UK. **The Trustees of the "Care" scheme decided in March 2015 to close the Scheme to any further build-up of be** This decision followed an Actuarial Review and a Consultation with participating employers. The Care Scheme employers continue to pay the required recovery plan payments to repair the funding deficit in respect of acc When a participating employer withdraws from a multi-employer Defined Benefits Scheme (like the "Care" sch its share of any deficit. This is known as the debt on withdrawal. As at 30 September 2022 the estimated debt calculated to be ~~£~~ 12,820 ~~.~~ The next review and valuation will be in 2025. **A Revised Recovery Plan has been drawn up by the scheme trustees to run from 1st April 2021 until 30 Sept** make a Recovery Payment, payable monthly. The church is legally liable for the payment of the Recovery Plan payments for the complete duration of it alth ## **THESE ACCOUNTS WERE PREPARED BY THE CHURCH TREASURER SALLY COLE.** Sally Cole 15 February 2024 ## **EXAMINER'S REPORT** I have examined the Income and Expenditure Accounts for the Year ended 31 January 2024 with the records a Accounts give a true and fair view of the Finances of Bristol Road Baptist Church as at 31 January 2024 and its ## **Alastair Donnelly, 3 Lansdown Gardens, Weston-super-Mare. BS22 7FE** Alastair Donnelly 16-Mar-24 3 ## **N-SUPER-MARE** ## **1133730** some 41 non-associated employers. The scheme 0 December 2005. This, together with documents set out the framework for funding defined benefit **enefits with effect from 31 March 2016.** e continues on a "paid-up" basis which means that rued Past Service Benefits . heme) it must, by law, pay a debt representing for Bristol Road Baptist Church has been **tember 2027** ; the church as an employer is required to hough BRBC now has no remaining paid-up members. and supporting documentation and in my opinion the operating profit for the year then ended.