2022-12-31-accounts

			Page
Report ofthe Trustees		«c		e
Independent Examiner's	Report
Statement ofFinancial	Activities
Balance Sheet
Notes to the Financial Statements		10	to	18

		for the r En	1 Dec mb	r202
					2022	2021
		Unrestricted	Rsstdcted	Endowment	Total	Total
	Notes	funds	funds f	fundf	funds	fundsf
INCOME AND ENDOWMENTS
FROM
Donations and legacies	2	19,752	4,712		24,464	18,672
Other trading activities Investmsnt Income	3 4	20,690 ~41 173	9312		20,690 50485	4,961 38294
Total		~81615	14,024		95 839	61927
EXPENDITURE ON
Raising funds	5	6,791		2,125	9,466	13,219
Charitable activities Church activities	6	~68988			~8,988	122 885
Total		~75779	550	2 125	78 454	136,104
Net gains/gosses) on investments		~134797	~88,71		~102196)	108,010
NET INCOME/(EXPENDITURE) Transfers between funds	19	(7,643) ~3712	(75443) ~3712)	(2,125)	(85,011)	33,833
Net movement In funds		(3,931)	(78,955)	(2,125)	(85,011)	33,833
RECONCILIATION OF FUNDS
Total funds brought forward		204,156	916,818	254,779	1,375,753	1,341,920
TOTAL FUNDS CARRIED
FORWARD		259 225	837 863	252 654	1 2118742	1,376 753

C	t I u	Swin
	B~al nc	S~e
	~tgggi	IIErr4Q
	Notes		2022f	2021f
FIXEDASSETS
Tangible assets	12		4,288	1,214
Investmsnts
Investments	13		897,371	999,567
Investment property	14		246,514	246,514
			1 148 173	1 247295
CURRENT ASSETS
Debtors Cash at bank and in hand	15 16		5,845 ~142241	5,908 134432
			148,086	140,340
CREDITORS
Amounts falling due within one year	17		(5,517)	(11,882)
NET CURRENT ASSETS			142,669	126453
TOTAL ASSETS LESSCURRENT LIABIUTIES			1,290,742	1,375,753
NET ASSETS			12M742	1375753
FUNDS	19
Unrestricted funds			200,225	204,156
Restricted funds			837,863	916,818
Endowment funds			252,654	254,779
TOTAL FUNDS			I 2113742	I 375753

		No tral Ch ch Sw t e 9 clalS t f r ey rEn 3	No tral Ch ch Sw t e 9 clalS t f r ey rEn 3	tn n e -continued c her
2.	DONATIONS	AND LEGACIES
					2022f	2021f
	Donations and Gfft aid	collections			21,553 2,911	15,547 ~3126
					24,464	18,672
3.	OTHER TRADING ACTIVITIES
					2022f	2021
	Hire of Pilgrim	Centre			20,690	~4961
4.	INVESTMENT	INCOME
					2022f	2021f
	Rents received				24,552	12,392
	Income from fixsd asset investments				25,648	25,881
	Deposit account Interest				285	41
						38294
	RAISING FUNDS
	Investment management		costs
					2022f	2021f
	Portfofio management Rental property expenses				578 ~8888	525 ~12694
						13,219
6.	CHARITABLE	ACTIVITIES COSTS
				DlreOI	Support
				Costs (see	costs (see
				note 7) f	note 8) f	Totals f
	Church actNrlies			~23 950	45,038	~68 988
7.	DIRECT COSTS OF CHARITABLE ACTIVITIES
					2022f	2021 f.
	Staff costs					11,825
	Mense properly	expenses				1,153
	Sundries				1,074	798
	Denominations	and assessments			7,771	9,117
	Worship				2,226	2,549
	Minister payments				12,542
	Donations				337
					23950	25444

SUPPORT C	OSTS
						Governance
					Management f	costs f	Totals 5
Church activities					~42 718	2 320	~45 038
Support costs, induded		in	the above, are as follows:
Management
						2022	2021
						Church	Total
						activities f	activities 8
Rates and water						60	1,320
Insurance						3,585	3,068
Light snd heat Telephone and internet						14,899 2,122	11,294 2,229
Printing, postage snd stationery						1,680	2,410
Cleaning and	household					3,980	3,744
Repairs and	renewals					11,515	BB,595
Professional	fees						290
Bad debts							439
Bookkeeping,	management		accounts and
payroll Depreciation	oftangible	and heritage assets				2,714 2,163	2,732 ~1115
						~42 718	~95 238
Governance	costs
						2022	2021
						Church	Total
						actndtles f	activities 8
Independent	examination		and accountancy			2320	2205
TRUSTEES'	REMUNERATION			AND BENEFITS

	C Ch S on Note o the F nanc t ts - c tinued or eYear ded De ber 20	C Ch S on Note o the F nanc t ts - c tinued or eYear ded De ber 20	C Ch S on Note o the F nanc t ts - c tinued or eYear ded De ber 20	C Ch S on Note o the F nanc t ts - c tinued or eYear ded De ber 20	C Ch S on Note o the F nanc t ts - c tinued or eYear ded De ber 20
11.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
			Unrestricted		Restricted	Endowment		Total
			funds f		funds f	fundf		funds
	INCOME AND ENDOWMENTS	FROM
	Donations and legacies		17,912		760			18,672
	Other trading activities Investment Income		4,961 29241		~9053			4,961 38294
	Total		52	114	9813			61 927
	EXPENDITURE ON
	Raising funds			470	12,170		579	13,219
	Charitable activities
	Church activities		72	081	50804			122,885
	Total		72,551		62,974		579	136104
	Net gains on investments		14	459	93551			108010
	NET INCOME/(EXPENDITURE) Transfers between funds		(5,978) ~9,520)		40,390 ~9520		(579)	33,833
	Net movement In funds		(15,498)		49,910		(579)	33,833
	RECONCIUATION OF FUNDS
	Total funds brought forward		219,854			255,358		1,341,920
	TOTAL FUNDS CARRIED FORWARD		204,	166	916818	264779		1 375753
12.	TANGIBLE FIXEDASSETS
						Fixtures
						and
					Equipment	fittings f		Totals f
	COST
	At 1 January 2022				25,963	23,966		49,929
	Additions				~1792	~3444		~5236
	At 31 December 2022				~27755	27	410	~55 165
	DEPRECIATION
	At 1 January 2022				25,148	23,569		48,715
	Charge for year				1,175		987	~2162
	At 31 December 2022				2B321	24	556	50877
	NET BOOK VALUE
	At 31 December 2022				~1434	~2854		4,288
	At 31 December 2021				817		397	~1214

Notes o Fin for the Y ar FIXEDASSET INVE8TMENTS	ancial S ements -co tinued Ended 31 December 2 22
	West of
	England	United
	Baptist	Reform
	Trust Co. 6	Church f	Totals f
MARKET VALUE
At 1 January 2022	381,247	618,320	999,567
Unrealised gains	(31,451)	(70,745)	(102,196)
At 31 December 2022	349,796	547,575	897,371
NET BOOK VALUE
At 31 December 2022	349,796	547,575	897,371
At 31 December 2021	381,247	618,320	999,567

DEBTORS:A	MOUNTS FALLING DUE WITHIN ONE YEAR
		2022 f	2021
Trade debtors		581	785
Prepayments	and accrued income	5,264	5,123
		5,845	5,908

17.	CREDITORS: A	MOUNT	S FALL	ING DUE WITHIN	ONE YEAR
							2022	2021 f
	Other creditors						1,098	916
	Accrued expenses						~4419	~10966
							5,517	~11 882
18.	ANALYSIS OF NET ASSETS BETWEEN FUNDS
							2022	2021
				Unrestricted	Restricted	Endowment	Total	Total
				funds f	funds f	fundf	funds f	funds f
	Fixed assets			4,288			4,288	1,214
	Investments			102,463	794,908	246,514	1,143,885	1,248,081
	Current assets Current liabilities			98,991 ~5517)	42,955	6,140	148,086 ~581	140,340 ~44 882
				200 225	837,853	252854	1 200 742	1 375.753
19.	MOVEMENT IN FUNDS
						Net	Transfers
						movement	between	At
					At 1.1.22 f	In funds f	funds f	31.12.22
	Unrestricted funds
	General fund				204,158	(7,643)	3,712	200,225
	Restricted funds
	Swindon Church	Fund			414,440	(22,889)		391,751
	URC Fund				502,378	(57,266)		445,112
	Equipment Benevolent Fund					3,712 ~1000	(3,712)
					91B,818	(75,243)	(3,712)	837,863
	Endowment funds
	Property - Baptist				254,779	(2,125)		252,654
	TOTAL FUNDS				1,375,753	~88011		1 200 742
	Net movement in	funds,	Included	In the above are	as follows:
					Incoming	Resources	Gains and	Movement
					resources f	expended f	losses	In funds f
	Unrestricted funds
	General fund				81,815	(75,779)	(13,479)	(7,643)
	Restricted funds
	Swlndon Church	Fund			9,312	(550)	(31,451)	(22,689)
	URC Fund						(57,288)	(57,266)
	Equipment Benevolent Fund				3,712 1,000			3,712 ~1000.
					14,024	(550)	(88,717)	(75,243)
	Endowment funds
	Property - Baptist					(2,125)		(2,125)
	TOTAL FUNDS				95839	~8,454)	~102198)	~85011)

				Net	Transfers
				movement	between	At
			At 1.1.21 f	in funds f	funds	31.12.21 f
Unrestricted funds
General fund			219,654	(5,978)	(9,520)	204,156
Restrtcted funds
Swlndon Church Fund URC Fund Manse Repair Fund			425,133 439,625 2 150	(10,693) 62,753 ~77870,	9,520	414,440 602,378
Endowment funds			866,908	40,390	9,520	916,818
Property - Baptist			255,358	(579)		254,779
TOTAL FUNDS			1,351520	33833		1,375,753
Comparative net	movement	in funds, Induded	In the above are as follows:
			Incoming	Resources	Gains and	Movement
			resources f	expended	losses f	in funds f
Unrestricted funds
General fund			52,114	(72,551)	14,459	(5,978)
Restricted funds
Swindon Church Fund URC Fund Manse Repair Fund Moyrs leaving present			9,063 760	(50,544) (11,670) ~60	30,798 62,753	(10,693) 62,753 (11,670)
Endowment funds			9,813	(62,974)	93,551	40,390
Properly - Baptist				(579)		(579)
TOTAL FUNDS			61 927	~136104	~t08 010	33,833