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|||Page|
|---|---|---|
|independent
examiner's
report to lhetrustees|||
|Statement offinancial|activities||
|Statement offinancial|position||
|Notes to the financial|stateinents|4-16|
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|Yearended 31|Dece|mber 202|3|||||
|---|---|---|---|---|---|---|---|
||||||2023|||
|||||IJnrestnc
ted|Restricted|||
||||Note|fund s
8|funds|Total funds
f|Total funds
6|
|Income and andes' ants||||||||
|Donations
and legacies|||4|172,613||196,417|191,665|
|Investment
income|||5|1,324||1,324|128|
|Total income||||173,937||197,741|191,793|
|Eapencfitore
Expenditure
on charitable||activfdes|6,7|185,933|25,249|211,182|224,600|
|Total expenditure||||185,933|25249|211,182|224,600|
|Net incomei(loss)||||(11,996)|(1,445)|(13,441)|(32,8D7|
|Transfem
between|funds|||5,921|(5.921)|||
|ocher recognisecf|gains|and losses||||||
|Actuarid
gains on|defined|benefit pension||||||
|schemes|||||||21,400|
|Net movement
In|furtds|||(6,075)|(7,366)|(13,441)|(1'I,407)|
|Reconcit ladon of|funds|||||||
|Total funds brought|forward|||1,434,676|27,648|1,462,324|1,473,731|
|Total funds
carried forwanl||||1,428,601|2D,282|1,448,883|1,462,324|
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|3f Oecember 20|23|||||||
|---|---|---|---|---|---|---|---|
|||||||2923||
||||||Nate|||
|Fixed assets||||||||
|Tangible fixed assets|||||12|1,315.159|1.315.159|
|Cunant assets||||||||
|Debtors|||||13|9,73:?|9,234|
|Cash at bsnit and
in hand||||||138.042|142,798|
|||||||145,774||
|Qedttorst
amounts|faglng due wshbr one year||||14|12.050|4,867|
|Itet currant assets||||||'I33,724|147.165|
|Total assets less current|||liabiTifies|||1.448,883|1.482.324|
|Oeitned
benefit pension||plan liablity|||15|||
|lest assets
including|degned
benefit pensmn|||plan fiability||1.448,883|1.462,324|
|Funds ofthe charily||||||||
|Restricted fttnds||||||20,282|27,648|
|Unrestricted
ftrnds:||||||||
|Revaluabon
reserve||||||687,617|687.617|
|Other unrestricted||income fursls||||740,984|747,059|
|Total unrestricted
funds||||||1,428.601|1.434,676|
|Total charity funds|||||17|1,448,883|1,462,324|
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|Donarions
and i|egeeiee||||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2023|
|||K|6|6|
|Donsrrons|||||
|Offsrings||104,017|2,105|106,122|
|Tax refunds||16,635|1,928|1&.563|
|Other donations||7,679|19,771|27,450|
|Grants|||||
|Grants
receivable|||||
|Other donaaena|and legaelea||||
|Use of buildings|and legacies|||44.282|
|||172,613|23.804|196.417|
|||Unrestricted|Restricted|Total Funds|
|||Furds|Furds|2022|
|||||6|
|Donations|||||
|Offering s||112,780|1.920|114,700|
|Tax refunds||18,5&2|2,241|20,823|
|Other donations||2,923|15,483|18,306|
|Grants|||||
|Grants
recta v able|||||
|Other delusions|and legacies||||
|Use of buikiings|and legacas|31,336||31.336|
|||172,021|19,644||
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|Expenditure
on charitable
ac6vts|es
by fund type|||
|---|---|---|---|
||Unrestnctsd|Restricted|Total Funds|
||Fund s
f|Fund s
f|2023|
|Mlnls try
Establishment|61,079
77,130|3,649|77,130|
|hllission|30.773|21.400|52,173|
|Support costs|16,951||16,951|
|||25,249|211.162|
||Llama tnctsd|Restncted|Total Funds|
||Funds|Fund s
f|2022|
|Ministry|82.970|1.340|64.310|
|Establishment|69,690||69,690|
|Mission|32,406|23,612|56,220|
|Support costs|14,380||t4.360|
||199,446|||
##
||Activities|||||
|---|---|---|---|---|---|
||undertaken|Grant funding||Total funds|Tata! fund|
||direrlly
f|of activtbes Support costs
f
f||2823
f|2022
f|
|Ministry|64.928||7,102|72,030|91,967|
|Establishment|77,130||6.347|63,477|73,660|
|Miss ron|28,173|24.000|3.502|55,675|5&,953|
||'l70.231|24,000|16,951|2'l1,162||
##
||||. Total 2623|Total 2022
f|
|---|---|---|---|---|
|Church
office|||3,015|2,669|
|CommunicaUons|arxl|IT|6,045|5,769|
|Prindng
and copier charees|||1,306|1.300|
|Finance costs|||2.091|1.954|
|Other support|costs||1,721|1.604|
|Rsfreshm ants|||2,771|1.064|
||||16,951||
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|Grants to lnsatudons|||
|---|---|---|
|Baptist Upon Home Mission|11,000|11,005|
|BMSWorld hlission|13,000|13,000|
|Total grants|24.000|24,005|
|Wages|and salaries|||55,151|
|---|---|---|---|---|
|Social|security costs|||578|
|Other|pension costs —defined|benefit|12|2,707|
|Other|pension costs —defined|contribution|1,722|670|
||||36.184|59,106|
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|Tangible 0xsd a|ssets|||
|---|---|---|---|
||||Freehold|
||||property|
|Cast||||
|At 1 January
2023 and 31December||2023|1,315.159|
|Osprsctagon||||
|At 1 January
2023 and 31December||20ZI||
|Carrying
amount
At 31 December|2023||1,3'I5.150|
|At 31 December|2022||1,315.150|
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||||||||Freehold|
|---|---|---|---|---|---|---|---|
||||||||property|
||At 31Oecember||2023|||||
||Aggregate|cost||||||
||Aggregate|depreciation||||||
||Carrying|value|||||635,159|
||At 31 December||2022|||||
||Aggregate|cost||||||
||Aggregate|deprsctatton||||||
||Carrying
value||||||535,159|
||Other debtors|||||||
|||||||9,732|9,234|
|14.|Creditors:|amounts||fading due within|one year|||
||Accruals and defemxl|||rncome||12,050||
|||||||12,050|4.867|
|15.|Pensions|and other||post retirement|benefits|||
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|Type ofenancitd
assumpkon|||
|---|---|---|
|RPI price inflation assumption||3.20|
|CPI price inflation
assranpgon||2.70|
|Minimum
Pensio nable krcome Increase|||
|adjustment
(above CP0|||
|Pre&etirament
assumed
irwastment
returns(gilt
yield plus 1.75%ps)||2.95|
|Post retirement
assumed
inveslmant|||
|returns
(including
benefits
matched|by|1.70|
|the Insurtmce
policy) (git ykrkf plus|||
|0.5%ps)|||
|Minimum
Pensionable
Income Increases|||
|(CPI pius 0.5%)|||
|Deferred
pension
Increases (based on|||
|RPI)|||
|- Pre Aprg 2009|||
|—Post Apnl 2009|||
|Pension increases|||
|-Based on CPI with an annual
floor
0% and annual
cap of 5%.|of|2.70|
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|Section 28.11A of FRS
liability. The movement|102 requires
agr
in the provision
is|eed
deficit recovmy
paym
set out inthe table below.|ents
to be recognis|
|---|---|---|---|
|Accounting
date (year|enttingii|31Dec2023|31Dac 2022|
|Balance sheet liability at|year start||521,400|
|Minus deficiency
contributions
paid|||(52,707)|
|interest cost (recognised|in SoFA)||FA01|
|Remaining
change to balance sheet
liability
(recognised
in SoFA)|||(819,094)|
|Balance sheet liability at|year end|||
##
|16,|Analysis ofcharitable fends|Analysis ofcharitable fends|Analysis ofcharitable fends||||||
|---|---|---|---|---|---|---|---|---|
||Unrestricted||funds||||||
||||At||||Gains and|At|
||||1Jan 2023|Income|Expenditure|Transfers|losses|31 Dec 2023|
||||E||||E|8|
||General
Fund||676,880|173.937|(162,723)|(35,00D)||653,094|
||Designated|Funds|||||||
||—Buildings||||||||
||Maintenance||49,414||(22,550)|40.921||67,785|
||Designated|Funds|||||||
||- Commumty||||||||
||Events||4.257|||||4;257|
||Legacy||16,5D8||(660)|||15,848|
||Revaluation||||||||
||reserve||687,617|||||687,617|
||||\,434,676|173,937|(185,933)|5.921||1,428,601|
||||At||||Gains and|At|
||||1Jan 2022|Income|Expenditure|Transfers|losses|31 Dec 2022|
|||||8||5|F||
||General
Fund||658,825|\86,849|(170,194)||21,400|676,88D|
||Designated|Funds|||||||
||—Buildings||||||||
||Maintenance||7D,875|5,000|(26,461)|||49,414|
||Designated|Funds|||||||
||- Community||||||||
||Events||4,257|||||4,257|
||Legacy||19,001|3M|(2,793)|||16,508|
||Revaiuation||||||||
||reserve||687,617|||||687,617|
||||'1,440,575|172,149|(199,448)||21,4M|1,434,676|
##
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||Al||||Gains and|||At|
|---|---|---|---|---|---|---|---|---|
||1 Jan 2023|lrcome|Expenditure||losses|31|Dee|2023|
||||F||||||
|CHYP Fund|3.763|4,370|(4,596)|||||3,537|
|434 Fund|8,764||(2,950)|||||5,814|
|tvtinist0r
Gifts|1,929|1,920|(3,849)||||||
|Ladies Evening|||||||||
|Fellowship|'i82|578|(602)|||||158|
|Pharaoh's
Pantry|12,517|8,428|(10,735)||||10,210||
|Womsns
Hour|487|613|(543)|||||557|
|Gift Day 2023||7,895|(1,974)|(5,921)|||||
|Buil dings|||||||||
|Maintenance|||||||||
||27,648|23,804|(25,249)|(5,921)|||||
||At||||Gains and|||At|
||1 Jan 2022|income|Expenditum||losses|31|Der.2022||
|||6|||||||
|CHYP Fund|3,736|1,920|(1,893)||||3,763||
|434 Fund|10,819|45|(2,100)||||8,764||
|lubnratry
Grfts|1,349|1,920|(1,340)|||||1,929|
|Ladies Afternoon|||||||||
|Fellowship|264||(586)|||||'i82|
|Pharaoh's
Pantry|12,890|6,486|(6,859)||||12,517||
|Womens
Hour||576|(89)|||||487|
|Gift Day 2021|4.092||(4,092)||||||
|Gift Day 2022||8,193|(8,193)||||||
|Buldings|||||||||
|M sr ntsnanca|||||||||
||33,156|19,644|(25,152)||||||
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|Analysis|ofnet|funds||||
|---|---|---|---|---|---|
||||Unrtetricled|Restricted|Tata I Funds|
||||Funds|Funds
f|2o23
5|
|Tangible|fixed assets||1,315,159||1,315,159|
|Current|assets||125.492|20,282|145,774|
|Creditors|less than|1 year|.(12,050)||(12,050)|
|Defined|benefit pension|||||
||||1.428.601|||
||||Unrestricted|Restricted|Torsi Funds|
||||Funds|Funds|2022|
|||||f||
|Tangible|fixed assets||1,315,159||1,315,159|
|Current|assets||124.384|27,648|152,032|
|Creditors|less tharr|1 year|(4,867)||(4.867)|
|Defined|benefit pension|||||
|||||27,646|1,462,324|
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