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||||Page|
|---|---|---|---|
|Independent|examiner's
report to the trustees|||
|Statement|offinancial|activities||
|Statement|offinancial|position||
|Notes to the financial||statements||
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|Year ended 31|Dece|mber 2022||||||
|---|---|---|---|---|---|---|---|
||||||2022||2021|
|||||Unrestricted|Restricted|||
|||||funds|funds|Total funds|Total funds|
||||Note|E||E|E|
|Income and endowments||||||||
|Donations
and legacies|||4|172,021|19,644|191,665|198,685|
|Investment
income|||5|128||128|18|
|Total income||||172,149|19,644|191,793|198,703|
|Expenditure||||||||
|Expenditure
on charitable||activities|6,7|199,448|25,152|224,600|190,994|
|Total expenditure||||199,448|25,152|224,600|190,994|
|Net income/{loss)||||(27,299)|{5,508)|{32,807)|7,709|
|Transfers
between|funds|||||||
|Other recognised|gains|and losses||||||
|Actuarial
gains on|defined|benefit pension||||||
|schemes||||21,400||21,400||
|Met movement
in|funds|||(5,899)|(5,508)|(11,407)|12,437|
|Reconciliation
of|funds|||||||
|Total funds brought|forward|||1,440,575|33,156|1,473,731|1,461,294|
|Total funds carried foAvard||||1,434,676|27,648|1,462,324|1,473,731|
##
|31 December 20|22||||||
|---|---|---|---|---|---|---|
||||||2022|2021|
|||||Note|6|6|
|Fixed assets|||||||
|Tangible fixed assets||||12|1,315,159|1,315,159|
|Current assets|||||||
|Debtors||||13|9234|8716|
|Cash at bank and
in|hand||||142,798|176,945|
||||||152,032|185,661|
|Creditors: amounts|falling due within one year|||14|4,867|5,689|
|Net current assets|||||147,165|17S,S72|
|Total assets less current liabilities|||||1,462,324|1,495,131|
|Defined benefit pension||plan liability||15||21,400|
|Net assets including|defined benefit pension||plan liability||1,462,324|1,473,731|
|Funds ofthe charity|||||||
|Restricted funds|||||27,648|33,156|
|Unrestricted
funds:|||||||
|Revaluation
reserve|||||687,617|687,617|
|Other unrestricted||income funds|||747,05S|752,958|
|Total unrestricted
funds|||||1,434,676|1,440,575|
|Total charity funds||||17|1,462,324|1,473,731|
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|Donations
and|legacies||||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2022|
|||||6|
|Donations|||||
|Offerings||112,780|1,920|114,700|
|Tax refunds||18,582|2,241|20,823|
|Other donations||2,823|15,483|18,306|
|Grants|||||
|Grants receivable||6,500||6,500|
|Other donations|and legacies||||
|Use ofbuildings|and legacies|31,336||31,336|
|||172,021|19,644|191,665|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2021|
|Donations|||||
|Offerings
Tax refunds||108,378
18,738|1,920
2,630|110,298
21,368|
|Other donations||2,463|17,581|20,044|
|Grants|||||
|Grants receivable|||||
|Other donations|and legacies||||
|Use of buildings|and legacies|46,975||46,975|
|||176,554|22,131|198,685|
##
||||Unrestricted|Total|Funds|Unrestricted|Total|Funds|
|---|---|---|---|---|---|---|---|---|
||||Funds||2922|Funds||2021|
||||8||6|6|||
|Bank|interest|receivable|128||128|18||18|
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|Expenditure
on charitable
activit|ies by fund type|||
|---|---|---|---|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2022|
|||8|9|
|Ministry|82,970|1,340|84,310|
|Establishment|69,690||69,690|
|Mission|32,408|23,812|56,220|
|Support costs|14,380||14,380|
||199,448|25,152|224,600|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2021|
|Ministry|55,224|3,196|58,420|
|Establishment|64,981|2,161|67,142|
|Mission|36,016|14,102|50,118|
|Support costs|15,314||15,314|
||171,535|19,459|190,994|
##
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||Activities|||||||
|---|---|---|---|---|---|---|---|
||undertaken|Grant|funding|||Total funds|Total fund|
||directly|of|activities|Support|costs|2022|2021|
||||k|||k||
|Ministry|84,310||||7,657|91,967|65,192|
|Establishment|69,690||||3,990|73,680|71,268|
|Mission|32,215||24,005||2,733|58,953|54,534|
||186,215||24,005||14,380|224,600|190,994|
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|Analysis ofsup|port costs|||
|---|---|---|---|
|||Total 2022|Total 2021|
|Church oftlce||2,669|4,105|
|Communications|and IT|5,789|6,627|
|Printing
and copier charges||1,300|1,136|
|Finance costs||1,954|1,818|
|Other support costs||1,604|1,628|
|Refreshments||1,064||
|||14,380|15,314|
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||2022|2021|
|---|---|---|
|||E|
|Grants to institutions|||
|Baptist Union Home Mission|11,005|11,000|
|BMSWorld Mission|13,000|13,000|
|Total grants|24,005|24,000|
##
|||2022|2021|
|---|---|---|---|
||||E|
|Wages and salaries||55,151|41,174|
|Social security costs||578||
|Other pension costs —defined|benefit|2,707|4,564|
|Other pension costs —defined|contribution|670||
|||59,106||
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|Tangible fixe|d assets||
|---|---|---|
|||Freehold|
|||property
9|
|Cost|||
|At 1 January|2022 and 31 December 2022|1,315,159|
|Depreciation|||
|At 1 January|2022 and 31December 2922||
|Carrying
amount|||
|At 31 December 2022||1,315,159|
|At 31 December 2021||1,315,159|
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||In respect||of tangible|of tangible|fixed assets|held|at valuation,|the|aggregate|cost, depreciation|cost, depreciation|and|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||comparable||carrying amount that would|||have been recognised|||ifthe assets|had been|carried|under|
||the historical cost model are as follows:||||||||||||
||||||||||||Freehold||
||||||||||||property||
||At 31 December 2022||||||||||||
||Aggregate||cost||||||||535,159||
||Aggregate||depreciation||||||||||
||Carrying|value|||||||||535,159||
||At 31 December 2021||||||||||||
||Aggregate||cost||||||||535,159||
||Aggregate||depreciation||||||||||
||CarrYing value||||||||||535,159||
|13.|Debtors||||||||||||
|||||||||||2022|2021||
|||||||||||F||E|
||Other debtors|||||||||9,234||8,716|
|||||||||||9,234||8,716|
|14.|Creditors:||amounts|falling due within one year|||||||||
||||||||||||2021||
|||||||||||||6|
||Accruals and deferred||||income|||||4,867||5,689|
|||||||||||4,867||5,145|
|15.|Pensions||and other|post retirement||benefits|||||||
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|Type offinancial assumption||o/o pa|
|---|---|---|
|RPI price inflation
assumption||3.20|
|CPI price inflation
assumption||2.70|
|Minimum
Pensionable
Income Increase
adjustment
(above CPI)||0.50|
|Pre-retirement
assumed
investment
returns(gilt
yield plus 1.75'/o pa)||2.95|
|Post retirement
assumed
investment|||
|returns
(including
benefits matched
the insurance
policy} (gilt yield plus|by|1.70|
|0.5% pa)|||
|Minimum
Pensionable
Income increases
(CPI plus 0.5%}||3.20|
|Deferred
pension increases (based on|||
|RPi}|||
|- Pre April 2009||3.20|
|- Post April 2009||2.50|
|Pension increases|||
|- Based on CPI with an annual
floor
0%and annual
cap of5%.|of|2.70|
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|Section 28.11A of FRS
liability.
The movement|102 requires
agr
in the provision
is|eed
deficit recovery
paym
set out in the table below.|ents
to be recognis|
|---|---|---|---|
|Accounting
date (year|ending):|31 Dec 2022|31 Dec 2021|
|Balance sheet liability at|year start|521,400|g26,128|
|Minus deficiency contributions
paid||(R2,707)|(54,564)|
|Interest cost (recognised|in SoFA)|2401|f262|
|Remaining
change to balance sheet
liability* (recognised
in SoFA)||(F19,094)|(fA26)|
|Balance sheet liability at|year end||E21,400|
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|the deficit reco|very payments.|||
|---|---|---|---|
|Accounting|date|31 Dec 2022|31 Dec 2021|
|Discount rate||5.3%|2.0%|
|Future increases to Minimum
Pensionable
Income||3.3%|4.1%|
##
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|Unrestricted|fund|s||||||
|---|---|---|---|---|---|---|---|
|||At||||Gains and|At|
|||1 Jan 2022|Income|Expenditure|Transfers|losses|31 Dec 2022|
|||||||6||
|General Fund||658,825|166,849|{170,194)||21,400|676,880|
|Designated|Funds|||||||
|- Buiidings||||||||
|Maintenance||70,875|5,000|(26,461)|||49,414|
|Designated|Funds|||||||
|- Community||||||||
|Events||4,257|||||4,257|
|Legacy||19,001|300|(2,793)|||16,508|
|Revaluation||||||||
|reserve||687,617|||||687,617|
|||1,440,575|172,149|(199,448)||21,400|1,434,676|
|||At||||Gains and|At|
|||1 Jan 2021|Income|Expenditure|Transfers|losses|31 Dec 2021|
||||5||6|6|6|
|General
Fund||677,725|156,572|(140,200)|(40,000)|4,728|658,825|
|Designated|Funds|||||||
|- Buildings||||||||
|Maintenance||48,565||(17,690)|40,000||70,875|
|Designated|Funds|||||||
|- Community||||||||
|Events||4,257|||||4,257|
|Legacy||12,646|20,000|(13,645)|||19,001|
|Revaluation||||||||
|reserve||687,617|||||687,617|
|||'l,430,810|176,572|{171,535)||4,728|1,440,575|
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|Analysis ofnet as|sets between funds||||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2022|
|||||F|
|Tangible fixed assets||1,315,159||1,315,159|
|Current assets||124,384|27,648|152,032|
|Creditors less than|1 year|(4,867)||{4,867)|
|Defined benefit pension|||||
|Net assets||1,434,676|27,648|1,462,324|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2021|
|||||F|
|Tangible fixed assets||1,315,159||1,315,159|
|Current assets||152,505|33,156|185,661|
|Creditors less than|1 year|(5,689)||(5,689)|
|Defined benefit pension||{21,400)||(21,400)|
|Net assets||1,440,575|33,156|1,473,731|
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