## **Gilgal Baptist Church Trustees Report for the year ended December 31[st] 2022** The Trustees present their annual report along with the unaudited financial statements of the company and the Independent Examiner's report for the year ended 31st December 2022. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" (FRS 102) (effective 1 January 2019) in preparing the annual report and financial statements of the charity. ## **Reference and Administrative Information** ## **Trustees** The minister and deacons of the church are its trustees for the purpose of charity law. The trustees who served during the year are as follows: Martin Gillard (Minister) Liz Rees (Church Secretary) John Hornsby (Treasurer) Jacqui Crole Alison Farrow Caryl Gill Linda Harber Daphne Harris Cathryn Hodges Gordon Lovering Malcolm Nicholas Lawrence (‘Larry’) Knowles (appointed 26[th] April 2023) Mark Peers (appointed 26[th] April 2023) **Charity Name & Registration Number** Gilgal Baptist Church Porthcawl Unincorporated Charity Registered in England & Wales Charity Number 1134864 **Governing Instrument** Constitution adopted 11/3/2009, Based on model Baptist Union constitution **Principal address** Gilgal Baptist Church Park Avenue Porthcawl CF36 3EP **Independent Examiners** Baker Knoyle Chartered Accountants Orbit Business Centre Rhydycar, Merthyr Tydfil CF48 1DL ## **Structure, Governance & Management** The charity’s reference and administrative information is set out on page 1 and includes details of the Trustees and its principal office. Gilgal Baptist Church is an unincorporated charity governed by a constitution, and is affiliated to the Baptist Union of Great Britain. Its ultimate governing body is the church members meeting. Members meet between four and six times a year, with one of those meetings being designated the Annual General Meeting. The day to day administration of the life of the church is delegated to the minister and deacons. Deacons are elected by the members from within the membership for a three year term and can be re-elected. ## **Objectives & Activities** The principal purpose of the Church is the advancement of the Christian faith according to the principles of the Baptist denomination. The Church may also advance education and carry out other charitable purposes in the United Kingdom and/or other parts of the world. In fulfilling the above purpose the Church will engage in a range of activities either on its own or with others that may include but are not restricted to: - regular public worship, prayer, Bible study, preaching and teaching; - baptism, as defined in the Union’s Declaration of Principle; - the Communion of the Lord’s Supper which shall normally be observed at least once a month; - evangelism and mission, locally, regionally, nationally and internationally; - the teaching, encouragement, welcome and inclusion of young people; - nurture and growth of Christian disciples; - education and training for Christian and community service; - giving and encouraging pastoral care; - supporting and encouraging charitable social action in the United Kingdom and abroad; - encouraging relationships with and supporting Baptists and other Christians. ## **Achievements & Performance** The trustees of Gilgal Baptist Church, Porthcawl, are pleased to present this report of our activities during 2022. As we often need to remind ourselves, the “church” is NOT a building, rather it is a group of Christian people, called by God to be part of His family. This has never been more evident than during our redevelopment of Park Avenue which was completed in April 2022. It was with a real sense of joy and thankfulness that we returned to the building on Palm Sunday 10 April. Up until this point we continued to worship in Awel Y Mor community centre which had served us very well during the building project. To celebrate the completion of the building and our returning to worship there, we had several special events, including our formal opening, which took place on Saturday 11 June when various local community groups and neighbours were invited. Our town mayor, Mark Chegwen, supported the event and cut the ribbon. On Sunday 12 June we had our official 150th Anniversary services led by the Rev. Elfed Godding and this was followed by a very well attended bring and share lunch. The following Thursday 16 June Rev. Yinka Oyekan joined us for an evening where we explored the very interesting topic ‘The man who split time in two’. Saturday 18 June was a family fun day with many from the community attending, enjoying visiting the stalls, participating in games and having fun on the bouncy castles. Our official celebrations concluded on Thursday 23 June when we hosted an evening with Graham Kendrick. Over 220 people enjoyed a superb evening of Praise and Worship in our refurbished building. Our Pastor, Reverend Martin Gillard, has continued to preach a strong biblical message in person and via online services though Facebook, YouTube and on our website www.gilgal.co.uk. For those who do not have the technology and haven’t been able to join us in person we have continued to produce CDs of the services that have then been delivered, along with our weekly news letters, to various members around the area. This year, we have very much enjoyed the themes of the services. Our Pastor was on Sabbatical for most of January and February. When he returned to our redeveloped building he preached in the morning on: Discover your SHAPE, Our God Is... (on the nature and character of God), and on 'The Practice of Prayer'. In the evenings we looked at 'The Practice of Praise' 'How to Be a Disciple' and People of Prayer. There were also topical messages on Easter, Harvest, Christmas and Baptism. All these messages are now available on our social media pages and church website. The Leadership team of Pastor and Deacons meet on a monthly basis in person. As well as handling matters of current business, they try to think and plan strategically in line with the goals of the church; To be a church that families love, To make disciples who make disciples, To bring more people to faith in Jesus Christ and To have a building that is fit for purpose. We achieved the last goal in 2022 and then began reformatting the other goals which will take us into 2023 and beyond. The team’s thoughts and decisions are always shared at subsequent Members’ Meetings. Members of the fellowship are encouraged to attend a mid-week House Group and, in the autumn of 2022, we began a restructure of our house group system which has resulted in several new groups with more people in attendance. The groups generally study the previous week’s sermon, with the aid of questions provided by our Pastor. We also have several ministry teams, co-coordinating various areas of activity such as administration, community, evangelism, prayer and world mission: the teams support people already serving in those areas, challenge others to get involved and propose new initiatives. One such initiative from the community team has been to engage with the community, sharing the love of Jesus in our new cafe area running a craft group and warm hub on Thursday afternoons. Our midweek ladies’ group “Gilgal Ladies” meet in our new cafe area on the 1st and 3rd Wednesday of each month. We have had different speakers and themed evenings some of which include Keep Fit Praise. Gilgal Ladies also runs a Facebook page which provides daily messages of encouragement and bible verses. Also held in our new cafe area is our weekly lunch club which resumed in June. This regularly accommodates around 60 people for a 2-course lunch which takes place after our midweek traditional service. The prayer team has continued to run an electronic/telephone prayer chain which we are making very good use of. They also held a pre-Christmas prayer meeting where we had the opportunity to pray for our community and our Christmas outreach. At the beginning of 2022 we appointed our children's worker Natalie Sharp to work alongside our youth Pastor Owen Hughes, who then left us in July to move into sports ministry. Sunday Club fully resumed with different age groups being catered for. We were able to hold a summer Holiday Bible Club in our redeveloped church building and whilst numbers were lower than in previous years our enthusiasm was not dampened. We were also able to move our thriving toddler group from the Woodland Avenue Scout Hall into our Church Hall and new cafe area from June 2022, where we welcome over 30 toddlers and their carers to each session. Conscious that many people in society struggle financially, we run a Foodbank distribution centre twice a week, based in the local YMCA. This is one of 10 such centres within the Bridgend area. One of the team is also a trustee of this charity, which is affiliated to the national body, the Trussell Trust. In addition to helping people practically, we also want to share with them the news of God’s love. During 2022 we have been able to participate in several outreach activities. Through these activities, we pray that many will come to know Jesus as their Saviour and Lord. At Christmas time we were able to hold an open-air event in the town centre where we had a nativity scene with REAL donkeys! We gave out invitations to our Christmas services which were well attended. Returning to our church building in April we were thrilled to witness 3 baptisms and 2 dedications of infants. Over the year we welcomed 5 into membership. Sadly, during 2022 we also lost 1 member who died. We give thanks for the life and memory of Barbara Jenkins. Our total membership at the end of 2022 is 131 members. We thank God and praise Him for all that He has done in the past year and trust Him for all that lies in the future, as together we seek _to know Jesus better and to make Him better known._ ## **Financial Review** The Treasurer prepares the annual budget for the Deacons and then the church meeting to approve. The Treasurer then prepares a monthly summary that allows the Deacons to monitor income and expenditure against that budget. Financially, God has continued to bless the work of the church. The detailed accounts are available elsewhere, but in summary our net assets at the end of December 2022 stood at £718,635, compared to last year’s figure of £648,549. During the year a further £205,454 was spent on the building project to create a new entrance and add a cafe, kitchen and toilets at the rear of the church, together with installing under floor heating throughout the building. At the end of 2022 our total cash balances were £64,120 compared to £210,319 at the end of 2021. We are grateful to our members who give so generously in response to God’s prompting. This also allows us to continue to support numerous Missionary organisations throughout the world both in prayer and financially. We believe that the building is adequately insured against all likely risks. ## **Reserves Policy** The trustees have examined the requirement for free reserves, which are those unrestricted funds not invested in fixed assets, designated for specific purposes or otherwise committed. The trustees consider this ideally should be not less than three months of operational running costs, i.e. around £25,000. At the end of the year our free reserves were considerably in excess of this, at £65,613 (2021 £184,268). ## **Trustees** The trustees in office as at December 2022 are set out on page 1. All of these served throughout the year. Those elected more recently are also listed. Trustees are elected from within the church membership for a period of three years, after which they are eligible for re-election. Also, the minister is ex officio a trustee. We have complied with the duty in section 17 of the 2011 Charities Act to have due regard to guidance published by the Commission in respect of our duty to provide public benefit. This report, which has been prepared in accordance with the provisions in the Charities Act 2011, was approved by the Trustees at their meeting on 09 August 2023 and signed on their behalf by: A J Hornsby Treasurer 09 August 2023 |**Gilgal Baptist Church Porthcawl**|**Gilgal Baptist Church Porthcawl**|**Gilgal Baptist Church Porthcawl**|Charity No
(if any)|**1134864**|| |---|---|---|---|---|---| |Annualaccountsforthe period|||||| |Period start date|**01/01/2022**|**To**|Period end date|**31/12/2022**|| ## **Section A Statement of financial activities** |**Recommended categories by**
**activity**
Guidance Notes
**Incoming resources (Note 3)**
**Income and endowments from:**
Donations and legacies
S01
Charitable activities
S02
Other trading activities
S03
Investments
S04
Separate material item of income
S05
Other
S06
S07
**Resources expended (Note 6)**
**Expenditure on:**
Raising funds
S08
Charitable activities
S09
Separate material item of expense
S10
Other
S11
S12
S13
Net gains/(losses) on investments
S14
S15
**Extraordinary items**
S16
S17
S18
S19
S20
**_Reconciliation of funds:_**
S21
S22
1
**_Total_**
**_Net movement in funds_**
Total funds brought forward
**_Total funds carried forward_**
**_Total_**
**Net income/(expenditure) before investment**
**gains/(losses)**
**Net income/(expenditure)**
**Transfers between funds**
**Other recognised** **gains/(losses):**
Gains and losses on revaluation of fixed assets for the charity’s own use
Actuarial gain/(loss) in respect of pension schemes|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05| |---|---|---|---|---|---| ||127,500|58,830|-|186,330|217,027| ||5,528|-|-|5,528|1,330| ||3,621|-|-|3,621|3,043| ||641|3||644|2,154| ||-|-|-|-|-| ||-|5,540|-|5,540|1,153| ||137,290|64,373|-|201,663|224,707| ||||||| ||-|-|-|-|-| ||139,938|4,462|-|144,400|107,227| ||-|-|-|-|-| ||393|5,515|-|5,908|1,481| ||140,331|9,977|-|150,308|108,708| ||||||| ||3,041
-|54,396|-|51,355|115,999| ||-|-|-|-|-| ||3,041
-|54,396|-|51,355|115,999| ||-|-|-|-|-| ||-|-|-|-|-| ||||||| ||-|-|-|-|-| ||18,731|-|-|18,731|990| ||15,690|54,396|-|70,086|116,989| ||||||| ||363,446|285,103|-|648,549|531,560| ||379,136|339,499|-|718,635|648,549| ||||||| ## **Section B Balance sheet** |**Fixed assets**
**Intangible assets (Note 15)**
**Tangible assets (Note 14)**
**Heritage assets (Note 16)**
**Investments (Note 17)**
**_Total fixed assets_**
**Current assets**
**Stocks (Note 18)**
**Debtors (Note 19)**
**Investments (Note 17.4)**
**Cash at bank and in hand (Note 24)**
**_Total current assets_**
**Creditors: amounts falling due within**
**one year (Note 20)**
**_Net current assets/(liabilities)_**
**_Total assets less current liabilities_**
**Creditors: amounts falling due after**
**one year (Note 20)**
**Provisions for liabilities (Note 12)**
**_Total net assets or liabilities_**
**Funds of the Charity**
**Endowment funds (Note 27)**
**Restricted income funds (Note 27)**
**Unrestricted funds**
**Revaluation reserve**
**_Total funds_**
Signed by one or two trustees on behalf of all
the trustees|Guidance Notes
B01
B02
B03
B04
B05
B06
B07
B08
B09
B10
B11
B12
B13
B14
B15
B16
B17
B18
B19
B20
B21|**Unrestricted**
**funds**
**£**
F01|
**Restricted**
**income**
**funds**
**£**
F02|**Endowment**
**funds**
**Total this**
**year**
**£**
**£**
F03
F04|**Endowment**
**funds**
**Total this**
**year**
**£**
**£**
F03
F04|**Total last**
**year**
**£**
F05| |---|---|---|---|---|---|---| |||-|-|-|-|-| |||313,523|327,964|-|641,487|452,437| |||-|-|-|-|-| |||-|-|-|-|-| |||313,523|327,964|-|641,487|452,437| |||||||| |||-|-|-|-|-| |||22,661|4,804|-|27,465|25,659| |||20,637|-|-|20,637|30,554| |||25,181|18,302|-|43,483|179,765| |||68,479|23,106|-|91,585|235,978| |||||||| |||2,866|11,571|-|14,437|18,866| |||||||| |||65,613|11,535|-|77,148|217,112| |||||||| |||379,136|339,499|**-**|718,635|669,549| |||||||| |||-|-|-|-|-| |||-|-|-|-|21,000| |||||||| |||379,136|339,499|-|718,635|648,549| |||||||| |||-|||-|-| ||||339,499||339,499|285,103| |||379,136||-|379,136|363,446| ||||||-|| |||379,136|339,499|-|718,635|648,549| |||||||| |||Signature||Print Name||Date of
approval
dd/mm/yyyy| |||A.J.Hornsby||A.J.Hornsby||09/08/2023| |||||||| CC17a (Excel) 21/08/2023 2 **Section C Notes to the accounts** ## Note 1 **Basis of preparation** _**This section should be completed by all charities** ._ ## **1.1 Basis of accounting** These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with: the Statement of Recommended Practice: Accounting and Reporting by Charities • and with*  preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 • and with*  the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) - and with the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102.* TRUE * -Tick as appropriate ## **1.2 Going concern** _**If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:** Not Applicable_ An explanation as to those factors that support the conclusion that the charity is a going concern; Disclosure of any uncertainties that make the going concern assumption doubtful; Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern. ## **1.3 Change of accounting policy** The accounts present a true and fair view and the accounting policies adopted are those outlined in note { }. |Yes*
No*||* -Tick as appropriate| |---|---|---| |||| |**_Please disclose:_**||| _**(i) the nature of the change in accounting policy; (ii) the reasons why applying the new accounting policy provides more reliable and more relevant information; and (iii) the amount of the adjustment for each line affected in the current period, each prior period presented and the aggregate amount of the adjustment relating to periods before those presented, 3.44 FRS 102 SORP.**_ CC17a (Excel) 21/08/2023 3 ## **1.4 Changes to accounting estimates** No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP). |Yes*

No*

**_Please disclose:_**||* -Tick as appropriate|* -Tick as appropriate| |---|---|---|---| ||||| ||||| |**_(i) the nature of any changes;_**|||| |**_(ii) the effect of the change on income and expense or_**
**_assets and liabilities for the current period; and_**|||| |**_(iii) where practicable, the effect of the change in one or_**
**_more future periods._**|||| ||||| ## **1.5 Material prior year errors** No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP). |Yes*

No*
**_Please disclose:_**||* -Tick as appropriate|* -Tick as appropriate| |---|---|---|---| ||||| ||||| |**_(i) the nature of the prior_**||**_period error;_**|| |**_(ii) for each prior period presented in the accounts, the_**
**_amount of the correction for each account line item_**
**_affected; and_**|||| |**_(iii) the amount of the correction at the beginning of the_**
**_earliest prior period presented in the accounts._**|||| ||||| CC17a (Excel) 21/08/2023 4 ## **Section C Notes to the accounts (cont)** ## **Note 2 Accounting policies** ## **2.2 INCOME** _This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below._ |**Recognition of income**
Donated services and facilities that are consumed immediately are recognised as income
with an equivalent amount recognised as an expense under the appropriate heading in
the SOFA.
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be
the fair value of those gifts at the time of their receipt and they are recognised on receipt.
In the reporting period in which the stocks are distributed, they are recognised as an
expense at the carrying amount of the stocks at distribution.
**Donated services and**
**facilities**
Donated services and facilities are included in the SOFA when received at the value of
the gift to the charity provided the value of the gift can be measured reliably.
This includes any realised or unrealised gains or losses on the sale of investments and
any gain or loss resulting from revaluing investments to market value at the end of the
year.
**Income from interest,**
**royalties and dividends**
This is included in the accounts when receipt is probable and the amount receivable can
be measured reliably.
**Income from membership**
**subscriptions**
Membership subscriptions received in the nature of a gift are recognised in Donations
and Legacies.
Membership subscriptions which gives a member the right to buy services or other
benefits are recognised as income earned from the provision of goods and services as
income from charitable activities.
**2.3 EXPENDITURE AND LIABILITIES**
**Liability recognition**
Liabilities are recognised where it is more likely than not that there is a legal or
constructive obligation committing the charity to pay out resources and the amount of the
obligation can be measured with reasonable certainty.
**Investment gains and**
**losses**
**Governance and support**
**costs**
Support costs have been allocated between governance costs and other support.
Governance costs comprise all costs involving public accountability of the charity and its
compliance with regulation and good practice.
These are included in the Statement of Financial Activities (SoFA) when:
 the charity becomes entitled to the resources;
· it is more likely than not that the trustees will receive the resources; and
 the monetary value can be measured with sufficient reliability.
**Donated goods**
**Contractual income and**
**performance related**
**grants**
**Offsetting**
There has been no offsetting of assets and liabilities, or income and expenses, unless required or
permitted by the FRS 102 SORP or FRS 102.
**Grants and donations**
Grants and donations are only included in the SoFA when the general income
recognition criteria are met (5.10 to 5.12 FRS102 SORP).
This is only included in the SoFA once the charity has provided the related goods or
services or met the performance related conditions.
Donated goods are measured at fair value (the amount for which the asset could be
exchanged) unless impractical to do so.
In the case of performance related grants, income must only be recognised to the extent
that the charity has provided the specified goods or services as entitlement to the grant
only occurs when the performance related conditions are met (5.16 FRS 102 SORP).
**Legacies**
Legacies are included in the SOFA when receipt is probable, that is, when there has
been grant of probate, the executors have established that there are sufficient assets in
the estate and any conditions attached to the legacy are either within the control of the
charity or have been met.
**Government grants**
The charity has received government grants in the reporting period
**Tax reclaims on**
**donations and gifts**
Gift Aid receivable is included in income when there is a valid declaration from the donor.
Any Gift Aid amount recovered on a donation is considered to be part of that gift and is
treated as an addition to the same fund as the initial donation unless the donor or the
terms of the appeal have specified otherwise.
**Settlement of insurance**
**claims**
Insurance claims are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other
income in the SoFA.
Gifts in kind for use by the charity are included in the SoFA as income from donations
when receivable.
**Support costs**
The charity has incurred expenditure on support costs.
**Volunteer help**
Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in 'Income
from other trading activities' with the corresponding stock recognised in the balance
sheet. On its sale the value of stock is charged against 'Income from other trading
activities' and the proceeds from sale are also recognised as 'Income from other trading
activities'.
Goods donated for on-going use by the charity are recognised as tangible fixed assets
and included in the SoFA as incoming resources when receivable.
The value of any voluntary help received is not included in the accounts but is described
in the trustees’ annual report.|Yes
No
N/a|Yes
No
N/a|Yes
No
N/a| |---|---|---|---| ||||| ||Yes
No
N/a
||| ||
||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| |**2.4 ASSETS**
**Intangible fixed assets**
**Heritage assets**
**Current asset**
**investments**
The charity has investments which it holds for resale or pending their sale and cash and cash
equivalents with a maturity date less than one year. These include cash on deposit and cash
equivalents with a maturity date of less than one year held for investment purposes rather than to
meet short term cash commitments as they fall due.
They are valued at fair value except where they qualify as basic financial instruments.
**Debtors**
Debtors (including trade debtors and loans receivable) are measured on initial recognition at
settlement amount after any trade discounts or amount advanced by the charity. Subsequently,
they are measured at the cash or other consideration expected to be received.
**Stocks and work in**
**progress**
Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net
realisable value.
Goods or services provided as part of a charitable activity are measured at net realisable value
based on the service potential provided by items of stock.
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the
contract.
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, eg allocating property costs
by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
They are valued at cost.
**Investments**
Fixed asset investments in quoted shares, traded bonds and similar investments are
valued at initially at cost and subsequently at fair value (their market value) at the year
end. The same treatment is applied to unlisted investments unless fair value cannot be
measured reliably in which case it is measured at cost less impairment.
Investments held for resale or pending their sale and cash and cash equivalents with a
maturity date of less than 1 year are treated as current asset investments
**Grants with performance**
**conditions**
Where the charity gives a grant with conditions for its payment being a specific level of
service or output to be provided, such grants are only recognised in the SoFA once the
recipient of the grant has provided the specified service or output.
**Grants payable without**
**performance conditions**
Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be
recognised.
The charity has intangible fixed assets, that is, non-monetary assets that do not have
physical substance but are identifiable and are controlled by the charity through custody
or legal rights. The amortisation rates and methods used are disclosed in note 15.2
They are valued at cost.
The charity has heritage assets, that is, non-monetary assets with historic, artistic,
scientific, technological, geophysical or environmental qualities that are held and
maintained principally for their contribution to knowledge and culture. The depreciation
rates and methods used as disclosed in note 9.6.1.4.
The charity accounts for basic financial instruments on initial recognition as per
paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17
to 11.19, FRS102 SORP.
**Tangible fixed assets for**
**use by charity**
The depreciation rates and methods used are disclosed in note 14.2.
They are valued at cost.
These are capitalised if they can be used for more than one year, and cost at least
£1000
**Redundancy cost**
The charity made no redundancy payments during the reporting period.
**Deferred income**
No material item of deferred income has been included in the accounts.
**Creditors**
The charity has creditors which are measured at settlement amounts less any trade
discounts
**Provisions for liabilities**
A liability is measured on recognition at its historical cost and then subsequently
measured at the best estimate of the amount required to settle the obligation at the
reporting date
**Basic financial**
**instruments**||Yes
No
N/a|Yes
No
N/a|Yes
No
N/a| |---|---|---|---|---| |||||| |||Yes
No
N/a||| |||||| |||Yes
No
N/a||| |||||| |||Yes
No
N/a||| |||||| |||Yes
No
N/a||| |||||| |||Yes
No
N/a||| |||||| |||Yes
No
N/a||| |||||| |||Yes
No
N/a||| |||||| |||Yes
No
N/a||| |||||| |||||| |||Yes
No
N/a||| |||||| |||Yes
No
N/a||| |||||| |||Yes
No
N/a||| |||||| |||Yes
No
N/a||| |||||| |||Yes
No
N/a||| |||||| |||Yes
No
N/a||| |||||| |||Yes
No
N/a||| |||||| |||Yes
No
N/a||| |||||| |||Yes
No
N/a||| |||||| |||Yes
No
N/a||| |||||| |||Yes
No
N/a||| |||
||| |||Yes
No
N/a||| |||||| **POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE** ## **Section C Notes to the accounts (cont)** ## **Note 3 Analysis of income** |**Note 3 Analysis of income**|**Analysis of income**|**Analysis of income**|**Analysis of income**|**Analysis of income**|**Analysis of income**|**Analysis of income**| |---|---|---|---|---|---|---| |**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**
Donations and gifts
104,18918,420
- 122,609125,868
GiftAid
22,661 4,804
- 27,46525,659
Legacies
650
- -6502,000
General grants provided by government/other
charities
-35,606
-35,606 63,500
Membership subscriptions and sponsorships
which are in substance donations
- - - - -
Donatedgoods,facilities and services
- - - - -
Other
- - - - -
**Total** 127,500 58,830
- 186,330 217,027
Lunch Club/Senior Citizens' Teas
3,310
- -3,310 975
Toddlers
1,019
- - 1,019 355
- - - - -
Other
1,199
- - 1,199
-
**Total** 5,528
- -5,5281,330
Hire of halls
380
- -380 696
Fundraising concert
3,105
- -3,105
-
Sale ofSurplusItems/ScrapMetaletc
86
- -862,116
Other
50
- -50231
**Total** 3,621
- -3,6213,043
Interestincome
6413
-644 2,154
Dividendincome
- - - - -
Rentalandleasingincome
- - - - -
Other
- - - - -
**Total** 641 3
-644 2,154
- - - - -
- - - - -
- - - - -
- - - - -
**Total**
- - - - -
Conversion of endowment funds into income
- - - - -
Gain on disposal of a tangible fixed asset
heldforcharity's ownuse
- - - - -
Gain on disposal of a programme related
investment
- - - - -
Royalties from the exploitation of intellectual
propertyrights
- - - - -
Other -Contras-SeeNote 6
-5,540
-5,5401,153
**Total**
- 5,540
-5,5401,153
137,290 64,373
- 201,663224,707
**Other information:**
**TOTAL INCOME**
**Other:**
**Other trading**
**activities:**
**Income from**
**investments:**
**Separate**
**material item**
**of income:**
**Analysis**
**Donations**
**and legacies:**
**Charitable**
**activities:**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**
**Analysis**|||||| ||Donations and gifts|104,189|18,420|-|122,609|125,868| ||GiftAid|22,661|4,804|-|27,465|25,659| ||Legacies|650|-|-|650|2,000| ||General grants provided by government/other
charities|-|35,606|-|35,606|63,500| ||Membership subscriptions and sponsorships
which are in substance donations|-|-|-|-|-| ||Donatedgoods,facilities and services|-|-|-|-|-| ||Other|-|-|-|-|-| ||**Total**|127,500|58,830|-|186,330|217,027| |||||||| ||Lunch Club/Senior Citizens' Teas|3,310|-|-|3,310|975| ||Toddlers|1,019|-|-|1,019|355| |||-|-|-|-|-| ||Other|1,199|-|-|1,199|-| ||**Total**|5,528|-|-|5,528|1,330| |||||||| ||Hire of halls
|380|-|-|380|696| ||Fundraising concert|3,105|-|-|3,105|-| ||Sale ofSurplusItems/ScrapMetaletc|86|-|-|86|2,116| ||Other|50|-|-|50|231| ||**Total**|3,621|-|-|3,621|3,043| |||||||| ||Interestincome|641|3|-|644|2,154| ||Dividendincome|-|-|-|-|-| ||Rentalandleasingincome|-|-|-|-|-| ||Other|-|-|-|-|-| ||**Total**|641|3|-|644|2,154| |||||||| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| ||**Total**|-|-|-|-|-| |||||||| ||Conversion of endowment funds into income|-|-|-|-|-| ||Gain on disposal of a tangible fixed asset
heldforcharity's ownuse|-|-|-|-|-| ||Gain on disposal of a programme related
investment|-|-|-|-|-| ||Royalties from the exploitation of intellectual
propertyrights|-|-|-|-|-| ||Other -Contras-SeeNote 6|-|5,540|-|5,540|1,153| ||**Total**|-|5,540|-|5,540|1,153| |||||||| |||137,290|64,373|-|201,663|224,707| |||||||| |**All income in the prior year was unrestricted except for: (please**
**provide description and amounts)**||Donations to building fund of £24,835; gift aid on same £4,774.
Interest on building fund £612. Grants of £63,000 towards building
project, £500 from BCBC's "Summer of Fun" fund.
Contras (mainly gifts to be passed on to specific charities) £1,153.||||| |**Where any endowment fund is converted into income in the**
**reporting period, please give the reason for the conversion.**||||||| |||||||| |||||||| |**Within the income items above the following items are material:**
**(please disclose the nature, amount and any prior year**
**amounts)**||||||| CC17a (Excel) 21/08/2023 7 **Section C Notes to the accounts (cont)** ## **Note 6 Analysis of expenditure** |Fundraising agents
Operating charity shops
**TOTAL EXPENDITURE**
**Total other expenditure**
Incurred seeking grants
Building Costs (R&R, Utilities etc)
Investment management costs:
Incurred seeking donations
**Expenditure on**
**charitable**
**activities**
Employment Costs
Operating a trading company
undertaking non-charitable trading
activity
Investment administration costs
Other
Depreciation
**Total expenditure on charitable**
**activities**
**Other**
**Total expenditure on raising funds**
**Total**
Mission and Ministry
Contras (mainly "special collections"
where the donor specifies the money is
to be passed on to other charities)
Netinterest ondefined pension liability
**Separate material**
**item of expense**
Advertising, marketing, direct mail and
publicity
Start up costs incurred in generating
new source of future income
Rent collection, property repairs and
maintenance charges
Operating membership schemes and
social lotteries
Staging fundraising events
Database development costs
Other trading activities
**Analysis**
Portfolio management costs
Intellectual property licencing costs
Cost of obtaining investment advice
**Expenditure on**
**raising funds:**
Incurred seeking legacies|**Analysis**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**| |---|---|---|---|---|---|---| ||Incurred seeking donations|-|-|-|-|-| ||Incurred seeking legacies|-|-|-|-|-| ||Incurred seeking grants|||||| ||Operating membership schemes and
social lotteries|||||| ||Staging fundraising events|-|||-|-| ||Fundraising agents|||||| ||Operating charity shops|||||| ||Operating a trading company
undertaking non-charitable trading
activity|||||| ||Advertising, marketing, direct mail and
publicity|-|-|-|-|-| ||Start up costs incurred in generating
new source of future income|-|-|-|-|-| ||Database development costs|-|-|-|-|-| ||Other trading activities|||||| ||Investment management costs:|-|-|-|-|| ||Portfolio management costs|-|-|-|-|-| ||Cost of obtaining investment advice|-|-|-|-|-| ||Investment administration costs|-|-|-|-|-| ||Intellectual property licencing costs|-|-|-|-|-| ||Rent collection, property repairs and
maintenance charges|-|-|-|-|-| |||-|-|-|-|-| ||**Total expenditure on raising funds**|-|-|-|-|-| |||||||| ||Employment Costs|58,948|-|-|58,948|49,252| ||Mission and Ministry|49,219|-|-|49,219|41,580| ||Building Costs (R&R, Utilities etc)|18,313|-|-|18,313|9,873| ||Depreciation|11,942|4,462||16,404|5,416| ||Other|1,516|-|-|1,516|1,106| ||**Total expenditure on charitable**
**activities**|139,938|4,462|-|144,400|107,227| |||||||| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| ||**Total**|-|-|-|-|-| |||||||| ||Contras (mainly "special collections"
where the donor specifies the money is
to be passed on to other charities)|-
|5,515|-|5,515|1,153| ||Netinterest ondefined pension liability|393|-|-|393|328| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| ||**Total other expenditure**|393|5,515|-|5,908|1,481| |||||||| |||140,331|9,977|-|150,308|108,708| CC17a (Excel) 21/08/2023 8 ## **Section C Notes to the accounts** **Note 9 Support Costs** _**Please complete this note if the charity has analysed its expenses using activity categories and has support costs.**_ |**Support cost**
**(examples)**|**Raising funds**
**£**|**Activity 1**
**£**|**Activity 2**
**£**|**Activity 3**
**£**|**Grand total**
**£**|**Basis of**
**allocation**| |---|---|---|---|---|---|---| |||||||**(Describe**
**method)**| |Governance|-|840||-|840|All unrestricted
Independent
Examination
fees| ||-|-||-|-|| ||-|-||-|-|| ||-|-||-|-|| |Other|-|-||-|-|| |**Total**|-|840||-|840|| _**Please provide details of the accounting policy adopted for the apportionment of costs between activities and any estimation techniques used to calculate their apportionment.**_ CC17a (Excel) 21/08/2023 9 ## **Section C Notes to the accounts** ## **Note 10 Details of certain items of expenditure** ## **10.1 Fees for examination of the accounts** _**Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).**_ |**Other fees (for example: financial advice, consultancy, accountancy services) paid**
**to the independent examiner**
**Independent examiner’s fees**
**Assurance services other than audit or independent examination**
**Tax advisory fees**|**This year**
**£**|**Last year**
**£**| |---|---|---| ||840|750| ||0|0| ||0|0| ||0|0| CC17a (Excel) 21/08/2023 10 **Section C Notes to the accounts (cont)** ## **Note 11 Paid employees** _**Please complete this note if the charity has any employees.**_ ## **11.1 Staff Costs** |**11.1 Staff Costs**||| |---|---|---| |**Salaries and wages**
**Social security costs**
**Other employee benefits (Manse etc)**
**Total staff costs**
**Pension costs (defined contribution scheme)**|**This year**
**£**|**Last year**
**£**| ||50,572|40,331| ||-|500| ||4,237|4,364| ||4,139|4,057| ||58,948|49,252| **Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party** _**Please give details of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter 'true' in the box provided.**_ **No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000** **TRUE** |**Band**|**Number of employees**| |---|---| |**£60,000 to £69,999**|| |**£70,000 to £79,999**|| |**£80,000 to £89,999**|| |**£90,000 to £99,999**|| |**£100,000 to £109,999**|| ||| ||| ||| |**Please provide the total amount paid to**
**key management personnel (includes**
**trustees and senior management) for**
**their services to the charity**|| ||£38,634
(Our Pastor is both a full time employee and a trustee, with the
permission of the Charity Commission)| ## **11.2 Average head count in the year** **The parts of the charity in which the employees work** ||**This year**
**Number**|**Last year**
**Number**| |---|---|---| |Fundraising|-|-| |CharitableActivities|1.75|1.5| |Governance|-|-| |Other|-|-| |**Total**|1.75|1.5| CC17a (Excel) 21/08/2023 11 ## **11.3 Ex-gratia payments to employees and others (excluding trustees)** _**Please complete if an ex-gratia payment is made.**_ **Please explain the nature of the payment** **Please state the legal authority or reason for making the payment** **Please state the amount of the payment (or value of any waiver of a right to an asset)** ## **11.4 Redundancy payments** _**Please complete if any redundancy or termination payment is made in the period.**_ **Total amount of payment** **The nature of the payment (cash, asset etc.)** **The extent of redundancy funding at the balance sheet date** **Please state the accounting policy for any redundancy or termination payments** CC17a (Excel) 21/08/2023 12 **Section C Notes to the accounts (cont)** **Note 12 Defined contribution pension scheme or defined benefit scheme accounted for as a defined contribution scheme.** _**12.1 Please complete this note if a defined contribution pension scheme is operated.**_ **Amount of contributions recognised in the** £4,237 **SOFA as an expense** **Please explain the basis for allocating the** All employment costs, including pension contributions, are paid from unrestricted funds. **liability and expense of defined contribution pension scheme between activities and between restricted and unrestricted funds.** _**12.2 Please complete this section where the charity participates in a defined benefit pension plan but is unable to ascertain its share of the underlying assets and liabilities.**_ |**Please provide such information as is**
**available about the plan's surplus or deficit**
**and the implications, if any, for the reporting**
**charity**
**Please confirm that although the scheme is**
**accounted for as a defined contribution plan,**
**it is a defined benefit plan.**|
Our Pastor belongs to the Baptist Ministers Pension sch
and replaced by a defined contribution plan. Our Youth
plan.
The Church is an employer participating in a pension sc
administered by the Pension Trustee (Baptist Pension T
Scheme are held separately from those of the Employe
employer in the Scheme pays contributions as set out i
considered to be a multi-employer scheme as describe
scheme's assets and liabilities to specific employers an
defined contribution scheme. The pensions costs charg
expenses accrued in that year, plus any impact of defic
being made through the Defined Contribution (DC) Pla
Income and employers pay 6% of members' Pensionab
managed on behalf of the Pension Trustee by Legal an
further 4% of Pensionable Income to cover Death in Se
provides income protection for Scheme members in th
protection policy has been insured by the Baptist Union
prior to 1 January 2012 are provided through the Define
service were a defined benefit pension of one eightieth
together with additional pension in respect of premiums
The Scheme, previously known as the Baptist Ministers
benefits on 31 December 2011.|eme. This was originally a
Pastor and Children's Wo
heme known as the Bapti
rust Limited). The schem
r and the other participati
n the Schedule of Contribu
d in Section 28 of FRS 10
d means that contributions
ed to the SoFA in the year
iency contributions (see be
n within the Scheme. In ge
le Income into individual p
d General Life Assurance
rvice Benefits, administrat
e event that they are unabl
of Great Britain (BUGB) w
d Benefit (DB) Plan within
of Final Minimum Pension
paid on Pensionable Inco
' Pension Fund, started in|defined benefit plan, but
rker contribute to a (differ
st Pension Scheme ("the
e is a separate legal entity
ng employers. For any mo
tions in force at that time.
2. This is because it is not
are accounted for as if th
are contributions payable
low). From January 2012
neral, members pay 8% o
ension accounts, which a
Society Limited. In additio
ion costs, and an associat
e to work due to long-term
ith Unum Limited. Benefit
the Scheme. The main b
able Income for each year
me in excess of Minimum
1925, but was closed to fu|ly qualified Actuary using
The valuation of the DB
vice funding level of
this deficit.
e improvements in
ment of 1.75% for males
actor A=0.5%.
December 2022.
lan reveals a deficit the
lved in the DB Plan.
26, broadly based on the
ensionable income as
with the insurance
s a result, the Scheme
ns from each
this was closed in 2011
ent) defined contribution
scheme), which is
and the assets of the
nth, each participating
The Scheme is
possible to attribute the
e Scheme were a
towards benefits and
, pension provision is
f their Pensionable
re operated and
n, the employer pays a
ed insurance policy which
incapacity. This income
s in respect of service
enefits for pre-2012
of Pensionable Service,
Pensionable Income.
ture accrual of defined| |---|---|---|---|---| ||**Actuarial Valuation as at 31 December 2019:**
A formal valuation of the Defined Benefit (DB) Plan wa
the Projected Unit Method. The market value of the DB
Plan revealed a deficit of assets compared with the val
94%). The Church and the other employers supporting
The key assumptions underlying the valuation were as|s performed at 31 Decemb
Plan assets at the valuati
ue of liabilities of £18 millio
the DB Plan are collective
follows:|er 2019 by a professional
on date was £298 million.
n (equivalent to a past ser
ly responsible for funding
s, with allowance for futur
rm annual rate of improve
al mortality improvement f
not later than as at 31st
re a valuation of the DB P
and other employers invo
e payable until 30 June 20
h increases to Minimum P
me signed an agreement
ned Benefit (‘DB’) Plan. A
ced, with deficit contributio
2022.|| ||**Type of financial assumption**|**%pa**||| ||RPI price inflation assumption
CPI price inflation assumption
Minumum Pensionable Income increases
(CPI plus 0.75% pa)
Assumed investment returns:
- Pre-retirement
- Post retirement
Deferred pension increases:
- Pre April 2009
- Post April 2009
Pension increases:
- Main Schemepension|3.20
2.70
3.20
2.95
1.70
3.20
2.50
2.70||| ||Post-retirement mortality in accordance with 80% of the
mortality rates from 2013 in line with the CMI 2019 core
and 1.5% for females, with the core smoothing parame
The next actuarial valuation of the DB Plan within the s
**Recovery Plan**: In addition to the contributions to the D
Trustee and the Council agree to a rate of deficiency co
Under the Recovery Plan dated 30 September 2020, d
employer's membership at 31 December 2014 and inc
defined in the Rules. However, at the end of June 2022
company Just Group (‘Just’) to secure members’ pensi
no longer has a shortfall and so a revised statement of
participating employer in the DB Plan reducing to just £|S3NFA and S3NMA table
projections, with a long te
ter and with additional initi
cheme is due to take place
C Plan set out above, whe
ntributions from churches
eficiency contributions wer
reasing annually in line wit
the Baptist Pension Sche
on benefits under the Defi
contributions was announ
1 per month from August||| |||||| ||**Movement in Balance Sheet liability**|||| ||
Section 28.11A of FRS 102 requires agreed deficit reco
is set out in the table below.|very payments to be reco|gnised as a liability. The m|ovement in the provision| |||||| ||**Accounting date (year ending):**|**31 December 2022**|**31 December 2021**|| ||
Balance sheet liability at year start|£21,000|£26,151|| ||
Minus deficiency contributions paid|-£2,662|-£4,489|| ||
Interest cost (recognised in SoFA)|£393|£328|| ||
Remaining change to balance sheet liability*|-£18,731|-£990|| ||
Balance sheet liability at year end|£0|£21,000|| |||||| ||* Comprises anychange in agreed deficit recovery plan|and change in assumptio|ns betweenyear-ends.|| |||||| ||This liability represents the present value of the deficit c
followingassumptions set byreference to the duration|ontributions agreed as at t
of the deficit recovery pay|he accounting date and h
ments:|as been valued using the| |||||| ||**Accounting date**|**31 December 2021**|**31 December 2020**|**31 December 2019**| ||
Discount rate|2.0%|1.4%|1.7%| ||Future increases to Minimum Pensionable Income|4.1%|3.2%|3.3%| |||||| ||**Cessation Event**: Consequent upon the departure of t
under Section 75 of the Pensions Act 1995. This make
reference to the cost of securing benefits by the purcha
Scheme.
In December 2019 the Church entered into a “Double C
this arrangement the Church is no longer liable for this
line with the RecoveryPlan outlined above.|he then Minister from the
s the Church liable for the
se of annuities) applicable
essation Debts Arrangem
debt, but the Church conti|Church in 2009, the Churc
proportion of the overall d
to its previous Ministers w
ent” with BUGB and the P
nues to pay the ongoing d|h had a cessation event
eficit (assessed by
ho were members of the
ension Trustee. Under
eficiency contributions in| _**12.3 Please complete this section where the charity participates in a multi-employer defined benefit pension plan that is accounted for as a defined contribution plan.**_ **Describe the extent to which the charity can be liable to the plan for other entities' Each of the churches participating in this plan is responsible solely for its share of the deficit and is not liable for other obligations under the terms and conditions entities' obligations. Also see narrative above. of the multi-employer plan** CC17a (Excel) 21/08/2023 13 ## **Section C Notes to the accounts (cont)** ## **Note 13 Grantmaking** _**Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.**_ ## **13.1 Analysis of grants paid (included in cost of charitable activities)** |**Analysis**|**Grants to**
**institutions**
£|**Grants to**
**individuals**
**£**|**Support costs**
**£**|**Total**
**£**| |---|---|---|---|---| |Donations to various Christian
organsations and to other churches|**26020**|**1100**|**NIL**|**27120**| |Activityorproject 2|||-|-| |Activityorproject 3|||-|-| |Activityorproject 4|||-|-| |**_Total_**|**-**|**-**|**-**|**-**| ## _**Please enter “Nil” if the charity does not identify and/or allocate support costs.**_ ## **13.2 Grants made to institutions** |**_My charity has made grants to particular institutions that are material in_**
**_the context of its grantmaking. Details of the institution supported,_**
**_purpose of the grant and total paid to each institution is available on the_**
**_charity's web site._**|**_Yes_**|**_Please provide_**
**_details of charity's_**
**_URL._**| |---|---|---| ||**_No_**|**_Provide details_**
**_below_**| |**Names of institution**|**Purpose**|**Total amount of**
**grantspaid £**| |---|---|---| |Baptist Missionary Society|Support of churches worldwide|8,100| |Baptists Together Home Mission Fund|Support of Baptist churches in UK|8,100| |South Wales Baptist College|Support of ministers in training|1,000| |Tear Fund|Relief & Development work|2,500| |Latin Link|Support of churches in South America|2,000| |Blythswood Care|Relief & Development work|900| |||-| |||-| |||-| |||-| |**_TOTAL GRANTS PAID_**
**_Other unanalysed grants of £500 or less each_**
**_Total grants to institutions in reporting period_**||**22,600**| |||3,420| |||26,020| CC17a (Excel) 21/08/2023 14 **Section C Notes to the accounts (cont) Note 14 Tangible fixed assets** _**Please complete this note if the charity has any tangible fixed assets**_ **14.1 Cost or valuation** |**14.1 Cost or valuation**|**n**|||||| |---|---|---|---|---|---|---| |**Freehold land &**
**buildings**
**Other land &**
**buildings**
**£**
**£**
At the beginning of the
year
439,515 -
Additions
171,031 -
Revaluations
- -
Disposals
- -
Transfers *
- -
At end of the year
610,546 -
****Basis** SL over 50 years
on the 2021/2022
building project
(Starting from
May 2022)
None applied -
the real value of
these assets is
considerably
greater than their
historic cost
**** Rate**
2%
At beginning of the
year
- -
Disposals
- -
Depreciation
7,437 -
Impairment
- -
Transfers*
- -
At end of the year
7,437 -
Net book value at the
beginning of the year
439,515 -
Net book value at the
end of the year
603,109 -
**14.4 Impairment**
**14.5 Revaluation**
**_the name of independent valuer, if applicable_**
**_the carrying amount that would have been recognised_**
**_had the assets been carried under the cost model._**
**_the methods applied and significant assumptions_**
**_Please provide a description of the events and_**
**_circumstances that led to the recognition or reversal of_**
**_an impairment loss._**
**_If an accounting policy of revaluation is adopted, please_**
**_the effective date of the revaluation_**
**14.3 Net book value**
**14.2 Depreciation and impairments**|**Freehold land &**
**buildings**
**£**|**Other land &**
**buildings**
**£**|**Plant,**
**machinery**
**and motor**
**vehicles**
**£**|**Fixtures,**
**fittings and**
**equipment**
**£**|**Total**
**£**|| ||
439,515|-|-|134,743|574,258|| ||171,031|-|-|34,423|205,454|| ||-|-|-|-|-|| ||-|-|-|-|-|| ||-|-|-|-|-|| ||610,546|-|-|169,166|779,712|| ||**d impairments**|||||| ||SL over 50 years
on the 2021/2022
building project
(Starting from
May 2022)|None applied -
the real value of
these assets is
considerably
greater than their
historic cost|SL or RB|Reducing
Balance|SL or RB|Straight Line
("SL") or
Reducing
Balance
("RB")| ||
2%|||Mainly25%||| ||||- 121,821 121,821
- - -
- 8,967 16,404
- - -
- - -
- 130,788 138,225
- 12,922 452,437
- 38,378 641,487
**_provide:_**|||| ||-|-|-|121,821|121,821|| ||-|-|-|-|-|| ||7,437|-|-|8,967|16,404|| ||-|-|-|-|-|| ||-|-|-|-|-|| ||7,437|-|-|130,788|138,225|| |||||||| ||439,515|-|-|12,922|452,437|| ||603,109|-|-|38,378|641,487|| |||||||| |||||||| |||||||| |||||||| **14.6 Other disclosures** _**(i) Please state the amount of borrowing costs, if any, capitalised in the construction of tangible fixed assets and the capitalisation rate used. (ii) Please provide the amount of contractual commitments for the acquisition of tangible fixed assets. (iii) Details of the existence and carrying amounts of property, plant and equipment to which the charity has restricted title or that are pledged as security for liabilities.**_ - _The "transfers" row is for movements between fixed asset categories._ _** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB_ CC17a (Excel) 21/08/2023 15 ## **Section C Notes to the accounts (cont)** ## **Note 17 Investment assets** _**Please complete this note if the charity has any investment assets.**_ ## **17.1 Fixed assets investments (please provide for each class of investment)** |Carrying (fair) value at beginning of
period
**Add:**additions to investments during
period*
**Less:**disposals at carrying value
**Less: impairments**
**Add: Reversal of impairments**
**Add/(deduct):**transfer in/(out) in the
period
**Add/(deduct):**net gain/(loss) on
revaluation
Carrying (fair) value at end of year|**Cash & cash**
**equivalents**|
**Listed**
**investments**|**Investment**
**properties**|**Social**
**investments**|**Other**|**Total**| |---|---|---|---|---|---|---| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ***Please specify additions resulting from acquisitions through business combinations, if any.** _**Please note that Fair Value in this context is the amount for which an asset could be exchanged between knowlegable and willing parties in an arm's length transaction. For traded securities, the fair value is the value of the security quoted on the London Stock Exchange Daily Official List or equivalent. For other assets where there is no market price on a traded market, it is the trustees' or valuers' best estimate of fair value.**_ **17.2 Please provide a breakdown of investments shown above agreeing with the balance sheet row B04 differentiating between those held at fair value and those held at cost less impairment.** |**Analysis of investments**
**Cash or cash equivalents**
**Investment properties**
**Listed investments**
**Social investments**
**Grand total (Fair value at year end+Cost less impairment)**
**Other investments**
**Total**|||| |---|---|---|---| ||**Fair value at year end**|**Cost less impairment**|| ||**£**|**£**|| ||-|-|| ||-|-|| ||-|-|| ||-|-|| ||-|-|| ||-|-|| ||||| ## **17.3 If your charity holds investment properties, please complete the following note:** **(i) Explain the methods and significant assumptions in determining the fair value of investment property held by the charity (ii) Name or independent valuer, if applicable, and relevant qualifications** **(iii) Provide details of any restrictions on the ability to realise investment property or on the remittance of income or disposal proceeds (iv) Explain any contractual obligations for the purchase, construction or development of investment property or for repairs, maintenance or enhancements** CC17a (Excel) 21/08/2023 16 ## **17.4 Please provide a breakdown of current asset investments, if applicable, agreeing with the balance sheet.** |**Analysis of current asset**
**investments**
**Cash or cash equivalents**
**Listed investments**
**Investment properties**
**Social investments**
**Other investments**
**Total**|**This year**|**Last year**| |---|---|---| ||**£**|**£**| ||20,637|30,554| ||-|-| ||-|-| ||-|-| ||-|-| ||20,637|30,554| **17.5 Guarantees Please provide details and amount of any guarantee made to or on behalf of a third party Name of the entity or entities benefitting from those guarantees Please explain how the guarantee furthers the charity's aims** |**17.6 Concessionary loans**
**Amount of concessionary loans made (****_Multiple_**
**_loans made may be disclosed in aggregate provided_**
**_that such aggregation does not obsure significant_**
**_information_ ).**
**Terms and conditions eg interest rate, security**
**provided**
**Value of any concessionary loans which have**
**been committed but not taken up at the reporting**
**date**
**Amounts payable within 1 year**
**Amount of concessionary loans received**
**_(Multiple loans received may be disclosed in_**
**_aggregate provided that such aggregation does not_**
**_obsure significant information)._**
**Amounts receivable after more than 1 year**
**Amounts payable after more than 1 year**
**Amounts receivable within 1 year**|||| |---|---|---|---| ||**_Description_**|**This year £**|**Last year £**| ||||| ||||| ||||| ||||| ||**_Total_**||| ||||| ||**_Description_**|**This year £**|**Last year £**| ||||| ||||| ||||| ||**_Total_**||| ||||| ||||| ||||| ||||| ||||| ||||| **17.7 Additional information Please provide information about the significance of investments to the charity's financial position or performance eg. terms and conditions of loans or the use of hedging to manage financial risk. For all investments measured at fair value, the basis for determining the value, including any assumptions applied when using a valuation technique. Where a charity has provided financial assets as a form of security, the carrying amount of the financial asset pledged as security and the terms and conditions relating to its pledge.** CC17a (Excel) 21/08/2023 17 ## **Section C Notes to the accounts (cont)** ## **Note 19 Debtors and prepayments** _**Please complete this note if the charity has any debtors or prepayments.**_ |**_Please complete this note if the charity has any_**
**_debtors or prepayments._**
**Note 19 Debtors and prepayments**||| |---|---|---| |**19.1 Analysis of debtors**
**Trade debtors**
**Prepayments and accrued income**
**Other debtors**|**This year**
**£**|**Last year**
**£**| ||27,465|25,659| ||-|-| ||0|0| ||27,465|25,659| ## **Total** _**Please complete 19.2 where a material debtor is recoverable more than a year after the reporting date.**_ ## **19.2 Analysis of debtors recoverable in more than 1 year (included in debtors above)** |**Prepayments and accrued income**
**Other debtors**
**Total**
**Trade debtors**|**This year**
**£**|**Last year**
**£**| |---|---|---| ||-|-| ||-|-| ||-|-| ||-|-| ||-|-| CC17a (Excel) 21/08/2023 18 ## **Section C Notes to the accounts (cont)** ## **Note 20 Creditors and accruals** ## _**Please complete this note if the charity has any creditors or accruals.**_ ## **20.1 Analysis of creditors** |**Accruals for grants payable**
**Bank loans and overdrafts**
**Trade creditors**
**Payments received on account for contracts or**
**performance-related grants**
**Accruals and deferred income**
**Taxation and social security**
**Other creditors - Defined benefit obligations**
**Total**|**Amounts falling due**
**within oneyear**|**Amounts falling due**
**within oneyear**|**Amounts falling due after**
**more than oneyear**|**Amounts falling due after**
**more than oneyear**| |---|---|---|---|---| ||**This year**
**£**|**Last year**
**£**|**This year**
**£**|**Last year**
**£**| ||-|-|-|-| ||-|-|-|-| ||588|111|-|-| ||-|-|-|-| ||12,411|17,333|-|-| ||1,438|1,422|-|-| ||-|-|-|21,000| ||14,437|18,866|-|21,000| ## **20.2 Deferred income** ## _**Please complete this note if the charity has deferred income.**_ ## _**Please explain the reasons why income is deferred.**_ |**_Movement in deferred income account_**
**Balance at the start of the reporting period**
**Amounts added in current period**
**Amounts released to income from previous periods**
**Balance at the end of the reporting period**|**This year**
**£**|**Last year**
**£**| |---|---|---| ||-|-| ||-|-| ||-|-| ||-|-| CC17a (Excel) 21/08/2023 19 ## **Section C Notes to the accounts (cont)** ## **Note 24 Cash at bank and in hand** |**Note 24 Cash at bank and in hand**||| |---|---|---| |**Other**
**Cash at bank and on hand**
**Total**
**Short term cash investments (less than 3 months maturity date)**
**Short term deposits**|**This year**
**£**|**Last year**
**£**| ||-|-| ||-|-| ||43,483|179,765| ||-|-| ||43,483|179,765| CC17a (Excel) 21/08/2023 20 **Section C Notes to the accounts (cont)** ## **Note 27 Charity funds** ## **27.1 Details of material funds held and movements during the CURRENT reporting period** _**Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the blanace sheet.**_ _*** Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds**_ |**_funds_**||||||||| |---|---|---|---|---|---|---|---|---| |**Fund names**|**Type PE, EE**
**R or UR ***|**Purpose and Restrictions**|**Fund**
**balances**
**brought**
**forward**
**£**|**Income**
**£**|**Expenditure**
**£**|**Transfers**
**£**|**Gains and**
**losses**
**£**|**Fund**
**balances**
**carried**
**forward**
**£**| |BuildingFund|R|BuildingImprovements|285,103|64,373|(9,977)|-|-|339,499| |General Reserve|UR|Unrestricted General Reserve|363,446|137,290|(140,331)|-|18,731|379,136| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| |**_Other funds_**|**N/a**|**N/a**|-|-|-|-|-|-| |**Total Funds**|||648,549|201,663|(150,308 )|-|18,731|718,635| CC17a (Excel) 21/08/2023 21 ## **Section C Notes to the accounts (cont)** **Note 27 Charity funds (cont)** ## **27.2 Details of material funds held and movements during the PREVIOUS reporting period** _**Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the blanace sheet.**_ _*** Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds**_ |**_funds_**||||||||| |---|---|---|---|---|---|---|---|---| |**Fund names**|**Type PE, EE**
**R or UR ***|**Purpose and Restrictions**|**Fund**
**balances**
**brought**
**forward**
**£**|**Income**
**£**|**Expenditure**
**£**|**Transfers**
**£**|**Gains and**
**losses**
**£**|**Fund**
**balances**
**carried**
**forward**
**£**| |BuildingFund|R|BuildingImprovements|191,882|94,874|(1,653 )|-|-|285,103| |General Reserve|UR|Unrestricted General Reserve|339,678|129,833|(107,055 )|-|990|363,446| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| |**_Other funds_**|**N/a**|**N/a**|-|-|-|-|-|-| |**Total Funds**|||531,560|224,707|(108,708 )|-|990|648,549| CC17a (Excel) 21/08/2023 22 **Section C Notes to the accounts (cont)** ## **Note 28 Transactions with trustees and related parties** _**If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.**_ ## **28.1 Trustee remuneration and benefits** **None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)** **FALSE** _**In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any**_ _**remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.**_ |**Name of trustee**|**Legal authority (eg**
**order, governing**
**document)**|**Amounts paid or benefit value**|**Amounts paid or benefit value**|**Amounts paid or benefit value**|**Amounts paid or benefit value**|**Amounts paid or benefit value**| |---|---|---|---|---|---|---| |||**This year**||||**Last year**| |||**Remuneration**|**Pension**
**contribution**
|**Redundancy**
**(including**
**loss of**
**office)/ex**
**gratia**
|**Other**|
**TOTAL**| |||**£**|**£**||**£**|**£**| |**Rev Martin Gillard**|**Constitution**|**30960**|**3845**|**0**|**3829**|**38207**| |**Rev Steve Lock**|**Charity Commission**
**Agreement**|**0**|**0**|**0**|**0**|**2000**| |||||||| |||||||| _**Please give details of why remuneration or other employment**_ **Rev Martin Gillard is the Pastor of the church. By virtue of his** _**benefits were paid.**_ **office he is a member of the leadership team and hence a trustee, but he is also entitled to a stipend in accordance with our constitution.** **Rev Steve Lock was employed by the church as a youth worker prior to becoming a trustee and the Charity Commission consented to this arrangement.** _**Where an ex gratia payment has been made to a trustee, provide an**_ **Rev Steve Lock left our employment at the end of 2020, but** _**explanation of the nature of the payment.**_ **subsequently received an ex gratia payment of £2,000 during 2021 in recognition of the esteem in which he was held by the members.** ## **28.2 Trustees' expenses** _**If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".**_ |**No trustee expenses have been incurred (True or False)**|||**_FALSE_**| |---|---|---|---| ||||| |**Type of expenses reimbursed**||**This year**|**Last year**| |||**£**|**£**| |**Travel**||**333**|**117**| |**Subsistence**|||| |**Accommodation**|||| |**Other (please specify): Cost of purchasing carbon monoxide alarm f**|**or manse**|**35**|**65**| ||||| ||**TOTAL**|**368**|**182**| |**Please provide the number of trustees reimbursed for expenses or**
**who had expenses paid by the charity**|||| ||**ONE**||| ## **28.3 Transaction(s) with related parties** _**Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.**_ **There have been no related party transactions in the reporting period (True or False)** _**FALSE**_ |**Name of the trustee**
**or related party**|**Relationship to**
**charity**|**Description of the**
**transaction(s)**|**Amount**|**Balance at**
**period end**|**Provision for bad**
**debts at period end**|**Amounts**
**written off**
**during**
**reporting**
**period**| |---|---|---|---|---|---|---| ||||**£**|**£**|**£**|**£**| |**Porthcawl YMCA**|**Common Trustee -**
**Mr A J Hornsby**|**OUT: Room Hire for**
**running Foodbank**|**2703**|||| |**Gulu Mission**
**Initiative**|**Common Trustee -**
**Mr A J Hornsby**|**OUT: Donation to**
**support charity's work**
**in Uganda**|**500**|||| |**The G P Janes**
**Bequest Fund**|**Common Trustee -**
**Rev M J Gillard**|**IN: Grant Towards PA**
**System / Cameras**|**3606**|**1164**||| |||||||| _**In relation to the transactions above, please provide the terms and conditions, including any security and the nature of any payment (consideration) to be provided in settlement.**_ _**For any related party, please provide details of any guarantees given or received.**_ CC17a (Excel) 21/08/2023 23 **Section C Notes to the accounts (cont) Note 29 Additional Disclosures The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts. If there is insufficient room here, please add a separate sheet.** CC17a (Excel) 21/08/2023 24 ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GILGAL BAPTIST CHURCH PORTHCAWL** ## **Independent examiner's report to the trustees of Gilgal Baptist Church Porthcawl** I report to the charity trustees on my examination of the accounts of Gilgal Baptist Church Porthcawl for the year ended 31 December 2022. ## **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 Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. ## **Independent examiner's statement** 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. ## R.I. KNOYLE ACA FCCA Baker Knoyle Chartered Accountants Orbit Business Centre Merthyr Tydfil CF48 1DL 4th August, 2023 Dated……………………………………….. Page 1