SLOUGH BAPtIST CHURCH Trustees, Report & Annual Accounts for the year i October 2022 to 30 September 2023 CONTENTS The Purpose of thls Document This document describes the activities and financial affairs of the church for the year. It is intended to include all the information that the Charity Commission recommends be reported annually. Contents Referen￿ and Administrative Information Report of the Trustees for the Year Ended 30 Sep 2023 Independent Examiner's Report to the Trustees of Slough Baptist Church Statement of Financial Activities Balance Sheet Notes to the Financial Statements 11 12 13 14 Slough Baptist Church Trustees, Report & Annual Accounts 2023 Page 2 REFERENCE AND ADMINISTRATIVE INFORMATION Aims The principal aim of Slough Baptist Church is the advancement of the Christian faith according to the principles of the Baptist denomination. The Church may also advance education and other charitable purposes in the United Kingdom and l or other parts of the world. It is affiliated to the Baptist Union of Great Britain and is also a member of the Evangelical Alliance. Charity Status The charity was registered at the Charity Commission on 26 January 2010 with the charity registration number 1133760. Address & contact details.. 34 Windsor Road htt :Ilwww.slou Slough 01753 523058 Berkshire, SL12EJ mail to= office hba tistchurch.or .uk slou hba tistchurch.or Trustee8 Mrs D Ayoma (until December 2023) Ms A Callum (from January 2023) Mr D Curley Mr J Edwins Mrs E Fraser Rev D Howell Mrs J Jones Ms L Longman Mr M Ngwenya Mr J Shepherd Mr A Tarrant Miss C Taylor (until December 2023) Mr M Taylor (from January 2023) Mr J Tettelaar (from January 2023) Mr M Warren Rev K Wilson Custodian Trustee Baptist Union Corporation Ltd Baptist House, PO Box 44 129 Broadway, Didcot Oxfordshire, OX118RT Bankers Lloyds Bank High St, Slough Berkshire, SL1 1 DH Independent Examiner Sarah Crispin A.C.A. Stewardship 1 Lamb's Passage London, EC1Y 8AB Slough Baptist Church Trustees, Report & Annual Accounts 2023 Page 3 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023 The trustees are pleased to present their report together with the financial statements of the Church for the year ended 30th September 2023. Structure, Governance and Management The governing document is an Individual Deed of Trust dated 1896, supported by a Constitution adopted on 22 April 2009 and revised 10 April 2022. The Church is a registered charity. The Church Members, Meeting is the governing body of the church, which appoints ministers, elders, deacons and church officers. The ministers, elders, deacons and officers form the Church Council and act as managing Trustees. The church's buildings are held by the Baptist Union Corporation as custodian trustees. Objectives and Activities Objectives The mission we have for ourselves is unchanged: "We aim to giv8 glory to God by offering a Welcome for the whole wortd, being a Witness to the whole world, enabling Worship from the whole world.. Sometimes, a grand statement like this is easy to say but how do we actually do it? At Slough Baptist Church, we aim to offer a welcome to the whole world. We know we cannot welcome all eight billion peoplel But, just as Jesus positively welcomed anyone, whatever their race or background, we too want to be known as a welcoming people. We also aim to be a witness to the whole world. We see our responsibility to be both a local and international witness. In Slough, we have a unique privilege of having the world on our doorstep. A SUNey of attendees indicates that at Sunday mornin9 worship people from over 40 different nations can be present. We also desire to give glory to God by offering worship from the whole world. This means recognising and using the rich diversity of races, ages and experiences of the fellowship in deepening our worship of God. Activities The church programme includes Sunday Services, Sunday Club (for those under 15), home groups, prayer meetings, Friday Families (parent & toddler group), Guides, Brownies, Rainbows, youth activities, groups to explain the Christian faith, evangelism, social events, fund-raising events, educational and holiday activities for school children, and more. Publlc Benafit In planning the adivities of the charity, we have considered the guidance on public benefit issued by the Charity Commission, including the specific guidance to charities for the advancement of religion. Slough Baptist Church Trustees, Report & Annual Accounts 2023 Page 4 Prioritiès for the Future At the 2021 AGM, the following vision for the next five years was presented: Our Vision is to be a church where our worship and welcome give witness to the power and love of Christ,. an inter-generational, inter-cultural community of faith in the centre of Slough, rooted in prayer and committed to growing disciples who will impact the town and the world for God. Over the next five years, we plan to become increasingly . A Praying Church, because without Jesus Christ we can do nothing: We will root all our decisions and activities in prayer, and we will faithfully pray for one another. We will encourage one anolher to come before God both as individuals and as a gathered community, to worship, to listen, to ask for help, and to re￿1ve from Him. A Disclpling Church, because it is only through disciples that the world will be reached for Christ= Everyone in the church will be growing as a disciple and as a disciple-maker from the youngest to th8 oldest. We will joumey with p80ple from an initial point of contact to where God wants them to be through seNi¢es, sermons, small groups, one-to-one dis¢ipling, mentoring and coaching. An Intercultural Church, because we want to reflect the unity in heaven here in Slough: We will embrace the varied cultural backgrounds in the fellowship and become a church where people of every culture can find a sense of belonging. We will incrèasingly reflect our town's cultural diversity in both our membership and our leadership. A Collaborating Church, because we are all part of one church, Christ's body.. We will partner with local churches to grow the evangelical witness in the Slough area. We will explore ways to release resources for mission, starting by exploring partnership with Cippenham Baptist Church. A Serving Church, because God gives us compassion for our community: We will make a difference to our town by serving the community as a demonstration of God's love for the world. We will connect with the local community to communicate our new life in Jesus through all that we are, all that we do, and all that we say. A Sending Church, because the world will not believe unless people are sent to tell the good news.. We will send out new partners from th6 congregation to work locally, nationally and internationally. We will grow in engagement with mission partners through prayer, generous giving and short-term Se￿1￿. Slough Baptist Church Trustees, Report & Annual Accounts 2023 Page 5 Achievements and Performance Welcoma We have a dedicated team of volunteers that stand at the front door of the church to welcome regular, occasional and visiting worshippers to the Sunday morning service. On the first Sunday of each month, we hold a fellowship bring-and-share lunch to allow members of the congregation to get to know different people. The number of members has remained steady over the last five years and currently stands at 113. Following the return to in-person services after Covid, we have welcomed a new cohort of members, whilst at the same time. a similar number of long-time members moved on to pastures new. Our Members, Meetings are now generally held in hybrid fomat, with members present in the church building. but also able to join the meeting and contribute via Zoom. This allows greater involvement of senior members and those with younger children. Our attendance at Members, Meetings has risen to above 500/0. Our Sunday morning services are livestreamed on YouTube, allowing greater access to participate for members of our fellowship that have restricted mobility, sickness or who are extremely clinically vulnerable. Witness As a Church we endeavour to spread the Good News of Jesus in a wide variety of ways. We employ two full time ministerial staff, a Lead Pastor and a Pastoral Cara Pastor, to oversee a range of existing activities and to support members in setting new mission activities. We have held several Alpha Groups over recent years, including one hosted at The Moon & Spoon public house, just along the road from the church. Alpha Groups provide a safe environment for curious people to ask questions about the Christian faith. Our Friday Families group for parents and toddlers meets each Friday morning during tem time. This provides a meeting point for an ever-changing group of people drawn from the community around us. as some toddlers go off to nursery school and other babies are born and join in. The church hosts a local schools worker, who is employed by Christian Connections in Schools, and who meets with young people in the schools of Slough, Windsor and Maidenhead. Together with many other churches our financial support to the Baptlst Home Mission helps smaller churches, plants new churches and supports educational, commercial and hospital chaplaincies. Two church members have been exploring mission work in Uganda and France respectively, by going for short visits. The church is supporting this and expects to continue to do so in the next few years. We have continued our links with Frontiers in Central Asia, World Horlzons and Varna Baptist Church in Bulgaria, and are building a new link with Smile Charlty Uganda. We also give regularly to other mission organisations including Slough Foodbank, the London City Mission, Christian Solidarity Worldwide, Operation Mobilisation, the Bible Society, Compassion and Tearfund. Slough Baptist Church Trustees, Report & Annual Accounts 2023 Page 6 Worship Services Following the end of lockdown. the size of our Sunday morning service Congregation started at a low level, but then grew steadily through 2022. Attendance during the reporting period stabilised at to about 150 on an average Sunday. The downstairs section of the church is mostly full on most Sundays, although there is plenty of room for more upstairs. On Sunday evenings, we hold Discover sessions, which are attended by about 20 people each week. This is an interactive worship event, where participants can ask questions and share their understanding of the Bible with one another. This session is particularly popular with young adults in the 18-30 age range. Pra Prayer is the foundation to all we do and we have many opportunities to pray. We encourage prayer in our worship seNices and in Home Groups but we also have additional occasions for prayer, including weekly prayer meetings on Tuesdays and Church Prayers each month on Saturday mornings. Home Grou Home Groups are important, providing close fellowship, prayer and wide-ranging Bible study. We have six groups meeting regularly at present either in-person or using the church zoom account. Their main goals are to support members in fellowship, to pray together and to learn together. Families Youth & Children The church's regular weekly activities, including Sunday morning groups, the youth home group, Y@s (14 to 18-year-olds), Guides, Rangers, Brownies and Rainbows, have all been re-established following the lifting of Covid restrictions. We maintain close links with the Boys, Brigade that meets at St. Andrew's Methodist Church, providing leaders for some of the groups. The Boys, Brigade and Girl Guides join the congregation for Parade Services four times each year. We have continued to host a variety of annual events, such as Easter Explored, a summer Holiday Club and a late autumn Light Party. Christmas Unwrapped primary school presentations by Christian Connections in Schools, We continue our regular work with mission to children, young people and families through a variety of activities including the Y@S weekend away, Satellites Summer Camp, weekly Sunday Club groups, events with local Christian young people, our nativity Servi￿ and other all-age services Financial Review Total income (excluding actuarial gains on the Baptist Pension scheme) was higher than 2022 by £90,000, including £82,000 received as bequests. Underlying income, (excluding bequests) was therefore £8.000 higher than 2022. Expenditure was higher in 2023 than the previous year by £17,000, due mainly to inflationary pressures on staff costs, combined with a vacancy in the ministry team in 2022 having been fslled at the beginning of 2023. The trustees and membership agreed several cost reductions, the most significant of which included the reduction of the Tithe from 20 % of General Fund income to 10 % of General Fund income. This was implemented from May 2023, with commitments to existing Mission Slough Baptist Church Trustees, Report & Annual A¢counts 2023 Page 7 partners being partly drawn from reserves associated with the Tithe Fund, until the end of the financial year. Investment Policy Generally, no investments are held. Any unrestricted donations received are used. within a calendar year of being received, for chuTch expenses or for church projects or given to others as described in the grants policy. However, any large donations over £10,000 are notified to the Church Members, Meeting, which may authorise sums to be invested with the Baptist Union Loan Corporation until a suitable project is identified. Reserves Pollcy ReseNes are needed to manage any cash flow delays where income arrives later than expenditure. Cash in the bank at any one time is normally sufficient to cover such delays. However, if necessary, the treasurer is authorised to accumulate a sum equivalent to be￿een one and four months of expenditure as reserves. Running costs for the church are met from the unrestricted General Fund and the Church Fund, which is a restricted fund for church running costs. The trustees have determined that the charity should aim to hold total net current assets in those combined funds of no less than £20,000 (which equates to about one month of budgeted running costs) so that the charity could continue to operate should income and l or expenditure vary adversely. At the year end, the reseNes in those funds, excluding bequests of £82,000, were estimated at £108,000. which is the equivalent to slightly over four months, budgeted running costs. These reserves are expected to fall in the next financial year unless income from regular giving increases. Grants Policy As Slough Baptist Church we will give money away in accordance with these principles.. We give a fixed proportion of our general fund income by tithe to projects outside the fellowship. The amount is agreed at the Annual General Meeting. For 2023, the proportion was 20 % until the end of April 2023 and 100/0 from the start of May 2023 (2022= 200/0)- In addition to this, we encourage people in our fellowship to give to various charitable organisations both directly and through our Mission Fund. Grants can be made locally, nationally and internationally. Grants may be to individuals or organisations. Grants must be in line with the purpose statement of the church. This is, "As Slough Baptist Church we aim to give glory to God by offering a Welcome to the whole world, by Witnessing to the whole wortd and by bringing Worship from the whole world." All grants are to aid in the propagation of the Christian faith, either directly (e.g. grants to missionary societies), or indirectly (e.g. grants given in the name of the church for the improvement of the spiritual, physical, emotional or educational welfare of those in need). Grants may be made to individuals linked to the fellowship from the Persons in Need (PIN) fund. These grants are administered confidentially by a panel appointed by the Church Members, Meeting. All PIN grants will be below £1,000 for any one person in any one year. Slough Baptist Church Trustees, Rèport & Annual Accounts 2023 Page 8 The Annual General Meeting for Members authorises an annual budget for grants, and the Church Council appoints committees to decide how the budget for grants is to be allocated. A report of expenditure is given at each quarterly Church Members, Meeting and in the Annual Report and Accounts. We also invite people to give to a different"Cause of the Month" each month, as chosen in advance by the Members at their quarterly meetings. The grants raised in this way in 2023 have come to a total of £343 (2022 £6,650). In addition. a special Winter Appeal raised £19,000 for the Church Fund. Risk Management The church council has appointed people to manage the following specific areas of risk.. Security and fire safety Health and safety Finance and legislation Safeguarding Policies and procedures are reviewed regularly and are published on the church website. During the lockdown, we developed a Covid Risk Assessment to identify and mitigate the risks of infection for our staff, volunteers and visitors. The assessment was revised several times to reflect changes in Government guidelines and based on our experiences as the church opened up to 'in-person' worship again. All of the Covid restrictions have now been lifted. Slough Baptist Church Truste8s' Report & Annual Accounts 2023 Page 9 statement of Trustees, Responsibilities The Charities Act 2011 requires the trustees to prepare a statement of accounts for each financial year, which comply with the regulations made under that act. The trustees are responsible for preparing the trustees, annual report and the financial statements in accordan￿ with applicable law and United Kingdom Generally Accepted Accounting Practice. Charity law in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its incoming reSoUr￿S and application of resources, including income and expenditure, for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and apply them consistently, observe the methods and principles in the Charities SORP, make judgements and estimates that are reasonable and prudent, state whether the with applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements, and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approval This report was approved by the trustees on . In.￿￿￿..?.02I￿...... The trustees authorised Jonathan Tettelaar (Treasurer) to sign on their behalf. Treasurer Slough Baptist Church Trustees, Report & Annual Accounts 2023 Page 10 ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SLOUGH BAPTIST CHURCH** I report to the charity trustees on my examination of the accounts of the Slough Baptist Church (the Trust) for the year ended 30 September 2023 on pages 12 to 23 following, which have been prepared on the basis of the accounting policies set out on pages 14 to 16. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body _**listed**_ in section 145 of the 2011 Act. I confirm that _**I**_ am _**qualified**_ to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination. _**I**_ have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Sarah Crispin ACA Date: 20 June 2024 Institute of Chartered Accountants in England and Wales Stewardship 1 Lamb's Passage London EC1Y 8AB Slough Baptist Church Trustees' Report & Annual Accounts 2023 Page 11 SLOUGH BAPTIST CHURCH- YEAR ENDED 30 SEPTEMBER 2023 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2023 SUMMARY INCOME AND EXPENDITURE ACCOUNT Unfestricted Funds- Restricted Funds- Total hjnds Total fvnd$ Not05 General Desigrkated En(lowmenl Income 2023 2022 INCOME AND ENDOWMENTS FROM: Donat40ns and legacjes Investrnents Charitable acbvities other income and endowments 187,416 1.687 150.058 337,474 1,687 396 10,581 249,211 238 179 10,110 9.639 Total Income and •ndowm•nts 198,742 151,396 350,138 259.738 EXPEhlDITURE ON Charitablo activities other 176.179 44,545 30.858 39.302 290.882 273.520 Totsl eXpendI￿re 176,179 44,545 30,856 39.302 290,882 273,520 Net ￿n￿Me1(exP•ndItuToP 22,563 144.5451 130,8561 112,094 59,256 113,7811 Transforn betW￿n fund$ {31,9791 31.232 747 {9,4161 113,3131 130.856} 112,841 59,256 113,7811 Other Rècognised GainsllLosse¥l Actuarial gainslllosses} on defined benefrt pension schemes 18,036 htet movement In fund8 19,4161 113.3131 130.8561 112,841 59.256 2,255 Reconclllatlon of funds Totsl fund5 brought forward 110.961 19,2e8 767.770 40,466 938.465 936.210 Total funds carrled forward 101,545 5,955 736,914 153.307 997,721 938,465 The staternenl ol finanryal activllies Ir￿udeS all galns and losses r8cogni8ed In the year. All incoffle and 4xpendilur* derive from continuing operation$. Movements on reserves and all recognised gains and losses are shown above. The notes on pages 14 10 23 form part of thèse accounts. An analysis ol the SOFA including comparative amounts lor each type of fund is included in Note 16. Slough Bapilsl Church Truslees'Repori & AnniialAccounl$ 2023 Pa￿ 12 SLOUGH BAPTIST CHURCH - YEAR ENDED 30 SEpfEMBER 2023 BALANCE SHEET AS AT 30 SEPTEMBER 2023 Note 2023 2022 FIXED ASSETS Tangible assets 763,337 800,282 CURRENT ASSETS Debtors and prepayments Investments Bank and Gash balances 10 11 18,646 24.270 196,766 239,682 16,237 23,551 106,132 145,920 CURRENT LIABILITIES Amounts falling due within one year 12 5.299 7,737 NET CURRENT ASSETS 234.383 138,183 TOTAL NET ASSETS 997,720 938,465 FUND BALANCES Restricted funds Endowment funds Income funds 13 736,914 153,307 767,770 40.466 890,221 808,236 Unrestricted funds Designated funds General funds 14 5,955 101,545 19,268 110,961 107.500 130,229 TOTAL FUND BALANCES 997.721 938,465 The notes on pages 14 - 23 form part of these accounts. An analysis of thè net assets by type of fund is included in Note 16. Approval The report and accounts were approved by the trustees on IO The trustees authorised Jonathan Tettelaar (Treasurer) to sign on their behalf. Treasurer Slough Bap¢isi Church Trustees'Report & Annual Accounts 2023 Page 13 SLOUGH BAPTIST CHURCH- YEAR ENDED 30 SEPTEMBER 2023 NOTES TO THE FINANCIAL STATEMENTS l. Accountlng poltcles These financial slatements have been prepared on 8 going ￿ncern basts. underthe hlstorical c05t CO￿ention. Ba8ed on th8 8dequaLyof Ihe chanvs re5ew as 8llhe balan￿ sheel ¢JalÈ, alongiwlh th8 kn￿edge of the thanws abiltyto m8et bi115, pa￿ents and other liabilthes a8theylall due. the ttustees have a wsonable expact8￿0Th Ihalth8 charityhas suffirAent resoufcesto rxjnlinue in O￿latE0n87 existenc forlheforeseeable tutuR. In making Ihis a5sessmenlthe tru8tees have ¢onsklerEd the Impaclol CovKF19 and have concludEd that its impad on nel ints)mewill not m8iellal. These financial slatements have been prepared In accordan￿WIth the'statemenl of Recomm8nded Practio." Accounling and Reportiw by Chawities pwaring their accounts in aCco￿an￿￿rth the Finandal Reporting Standard applicable in the UK 8TKI RepuNic of I￿land IFRS 1021" I'lhe Charities SORPJ, with Ihe Financial Reporting St8nd4rf app1s￿ble in th8 United Kingdom Republicol Ireland I'FRS 102,? and wilh the Charitles AGt2011. THe ¢haritymeetsth8 definition of a publicbenefrtenltyas sèt oul in FRS 102. TheChaiitl8s IAGwJnts and Reports) Regulations Ithe'2008 Regulalions'l require challlie51o PTepare their a()x*unls ￿ WX)rdan￿ wiih'Accounling Reporting tychari￿S'. Slatemenl of RecomTnend8d PrBdi(* 8Nectwelrom 1 April 2005,, but Ibi5 acfxJunlI￿ standard ha5 $lnce been withdrawn 8nd has been rePla￿d bythe Ch8tth88 SORP menlionwj In th8 Pre￿lIng paragraph. The chawiiy has prepared Ihese fin8Ddal stalernents in accoTdancewthlhtr n￿¥ Chaiilies SORP., this departurefrom Iha 2008 Regulations 15 bel￿d ne(EssaryforthEse finawal slatemenis lo gNe a and lairvmrf. The charity has laken advantage of the Èxemption o)nleTred bythe SORP {FRS 1tr21 from the r8quirernBnl to produc8 4 ts$h fflow 5talementon thegfounds of rf$ size. The following areth8 accountirtg poliae5 have been applied in dealing with material ite lal Ilonatsdand granllncome Voluntary income rec8Ned by way of donations and 0fft8 is irKlud*1 in fuu in lh8 Ststement ol F￿anC￿87 A(*¥i￿"@S when w8Ned, induding grfts in kind that rAPab￿ olvaluation. Donations under Gifi Aid. log8lher wilh Iha tax re¢o¥erablp thew&n, are 8¢¢0unied for wh8n recewl. Provision is mad8 for undaim8d tax al the year*nd. For W¢xs, enli￿ement the ea￿leT of tho chur¢b be6ng nolrfied ot an imppDding distfibubon orlhe legacybeiThJ The churth has rel￿￿ S￿n￿G￿nIty on voluniew5 in out 118 8¢JNites during Ihe year. Hvfftr. in attordance with the SORP. the value of these servlw h85 not b88n recojnlsed as inwme 88 they Gannot be reliabty measured. Ibl Expendiiurn Items of exp8ndrture a￿ th8Tged in Ihe aLwunts in the period in whT¢h th8y are ir￿u1r8d. These or8 8llocaiedto Ihe following heading5 and include atln"bu18ble VATwhich cannot b8 recovered.. -Charit8ble adNili88 Compttses all eypendrtur8 that di￿￿ty relatedlo Ihe objects of th8 chur(*. £oslsof g8nerating (unds are Ihos8 cos15 lrtcurr8d in fundr8k8ing aGtwK(es. rarts payablè are taken Into accounl at the eartler ol the date when they wa pahl or the date whpn IW t*come copstNctwe obligattons -Govemanf* Costs indudfr those IncurrEd in thè ol ts asse1$ arvj a￿ pthmarity a550¢1ated with D)nslitutton818nd staltttory requ1￿m8Th Transfe￿ be￿nI￿ndS are ntadp by thetru5teesas appropriai8. Ic} Fund $InK￿re pertdi1urewh￿h me818 ce¥taln criieria 15 idenlffied tothe relevanl fund. General unrestricted funds r8pre5ent donalion$ and olheT incAJm8 received or geneTrled forthe oblects of lh8 ChutGh wilhoul fvr1hersp8￿rIed pU￿oSe and ara available a8g8ll8ral funds. Th&fOll￿ng funds are ¢lassed as GeneTrl: The Gene￿lF￿nd-f0r Ghurch running rDsts and allo¢alion to de51gnat8d funds Ileslgnated Unre&biC￿ funds Ihose have been allorAted by the TNslees for k18ntifith tulura eXP8nditu*. Th8 fijnds are da$sed as Deslgn81ed.. Th& frth8 Fund- lor planned gNing, bu(Iget8d aThnuafy as a W0po￿on ofin¢xJm8 The Pwsons NeedlPIN) Fund-forsTnall benevoleDtgrfts io indNidual8 R88trlcteil lunds arEto bÈ used forspecffied putposes as I&￿J dowm bythe donor. The followng fvnds dassed as Re$fr7Ct8d.. The Building Fund-forbvildlng projects The ChurchFund- for Slough BaP￿st Chvrth running ¢￿ts FirdayFemith Fund-for aciwlies alth8mothers' and loddlers, meelings heh1 in churcth on FTiday3 The Mrssion Funds- variou5 fiJnd8 lor handling donalion$foT missiork purpose5 They S Fund-lor church youth adivlie5 Oth8F re5tfided funds". The ComfftunityC8f& Fund- foradwitw ofthe thuych relaledlo Ihe Open Churth ebEnl$ The Foodb8nkFund-fo¥supporting Slough Foodb8nk actNit￿5 The Ldthes'Rech8w8Fund - fvractwit￿s oflh8 church rtlaied lo L8d(e&' R8charye evants The Pe￿n$In NeedlPINJ Fund-forsmall ￿ne¥O18￿1gfftslo find￿￿uats Enrtowmentfufids ar8 to be hEkl as capital. The Pmpety EndowmenlFuffll hokjs all the pweriie5 owned bythe thurch. Slough Baplist Church Twstees'Report & AnnualAccounts 2023 Page 14 SLOUGH BAPTIST CHURCH- YEAR ENDED 30 SEPTEMBER 2023 NOTES TO THE FINANCIAL STATEMENTS 1. Aecountlng pollclg$ Icontlnuodl Idl T4nulbte flxed 888•ts and d•proclatlo Tangible assels artr included in the balance sheet at cost oral market value al th8 dale of the gift. Depreclallon on fixed 88sels is provided at rates considered appropriate lo reduce book values to e$limated residual values overtho useful lives of the a8set5 ¢oncerned.. Buildlngs Straight Ilne over 50 year8 Buildlng improvem8nt8 siraighl line over 20 to 50years Computer equipment stralghl line over 3 yaars Other eqwpment Stralghl line over 5 to 20 years Assets in the ¢OUf8e of con$lAJciion are not depreciated until they ar8 completed. D8precialion ¢0mmen￿$ In the quarterfollowing a¢qulsllion or¢aplla1188tion. Sm811 items of equiptnent Ivamjed at £1,000 or le$51 are written off on PurCh￿e. Freehold land noldepredated. lel Flnanclol Instwment8 The Charity5 finandal assets and financial li8bllities a11 ouallfy as basi¢ financial in51mmenls, os defflned in FRS 102. Except for loans, ¢reditOts and debtots are measured at their expecied settiemeni value (normally the amounl of cash that Ihe ¢harfWexpect$ to payor recelvel. lfj P•n$lon8 The Church 15 an employer partl¢ip81ifig in a pension 5¢heme knDWD as the Boptisl Pension Scheme I the Scheme,), whlch is admlnlstered by Ihe Pension Trustee IBapbsl Pension Ttust Limited). The Scheme Is a separaie leyal enlty 8nd Ihe a$88ts of the Scheme are h&ld separately Irom those of Employer and the other participating employer8. I he bcneme, poviousw Known a8 Ine ¥apiisi Minis￿[$. ven810n truno, Startea In 1Y2b, Dut was aos8(J lo luiure o¢¢rual of defined benefits on 31 December 2011. Prior lo this date the main bene￿1 provided through the deflned BÈn&fil IDBI Plan was a penslon of one elghlielh of final minirnum pensionable income for eaeh y88r of penslon8bEe service togelh8r wlh addlllonal pen$lon in re$pect of premiums pahl on Pen$10n8b￿ Income In excess of Minffnurn Pp.n