2022-03-31-accounts

R•glstèrgd numbef.. 08043770 Charity number- 1147984 GOLD HILL BAPTIST CHURCH IA company limlted by guarantee) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

GOLD HILL BAPTIST CHURCH (A company Ilmlt8d by guarantee} CONTENTS R•fernnce and adminlstrative d•tails of the company, Its Trnstses and advlsevs Trustms. roport 2-10 Indopendent audltors. rnport on thg fln•n¢lal yt•toment• stst•mont of flnanclal •ctlvltl 15 Balanc• •h•et 16-17 Ststement of ¢a•h fiow• 18 Notes to the fln•nclal statornents 19-46

GOLD HILL BAPTIST CHURCH (A company Ilmited by guarants•l REFERENCE AND ADMINISTRATIVE DEfAILS OF THE COMPANY, ITS TRUSTEES AND AOVISERS FOR THE YEAR ENDED 31 MARCH 2022 TNsl•es Stewart Bisht)p, Trustee Guy Parkin, Trustee Antonia Castle. Trustee Stephen Rayner. TnJstee Iresignèd 30 June 20221 Reverend Stephen James Walker-williams, Trustee (appointed 1 May 20211 John Sadler, Treasurer Ire$ignod 31 December 20211 Johannes Etten, Trustee Iresignwj 31 L)ecember 20211 Company r•glsternd number 08043770 Ch•rlty r•glstered umber 1147984 Reglstefed offlc• The Hub Church Lane Chalfonl Sl Pet•r Buckinghamshira SL9 9RF Company s•cretary J R Gledhill Indepondgnt audltorn Wise & Co Chartered Accountants and Stalulory Auditors Wey Court West Union Road Famham Surrey GU9 7PT Bankws National Westminster Bank pk 44 Packhorse Road Gerrards Cross Bucks SL9 8EG Sollclto Anthony Collns 134 Edmund Streot Bimiingham B3 2ES Pagg 1

GOLD HILL BAPTIST CHURCH IA company Ilmltad by gu•r•nteo1 TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2022 The Truslefrs, who are Elders of the Churth, land ar8 al¥0 direclors of the charity for the purpose5 of the Companies A¢tl present Ihar annual report together with the audited finan¢ial statements of Gold Hill 8aplisl Church Ilhe company) for the year ended 31 Ma￿h 2022. The Trustees confimi that the Annual report and financial statements of the company comply the cjjrrent stslulory requirements. the requirements of Ihg company's governing document and the provisions of t￿ FRS102 Slalement of Recommended Practice ISORPI "Accounting and Reporting by Charrtlg5" &fflive 1 January 2015. Pmtor. Tewn L•ader In April 2021. Th• Church membèrship vol•d lo apkh)int Rev Stephen Walker-IAfjliam5 as Pakn- Toam Loader of Gokj Hil Baptist Chureh. This appointffnt Yds effoctwe from 1 May 2021. Structurn, govemance. and managèmont . Consilutlon Th• company is regisler¢d as a charilabie company limrted by guarantee with Company registration number 8043770 and sel up by a Memorandum of Association on 20 Apnl 2012. The company is a registered Charity number 1147984. Th• prir￿paI objects of th• CoMp￿Y are: The advancement of ￿ Christian faith according to tM princr18s and practs'ces ol Iho Baptsst denOminat￿n. ii. Other chantable purposes in the United Kingdom andlor other part8 of the wortd. Thw• havo boen no changes in ttr cknjedives sirK the last anrn￿l r8POrt. b. Mlsslon of th• church - Ilms and obJectlv8s G¢Jld Hill se¢ks to be an aulhenttc Christ4ike communty, encountering God. making disciplas and transforming lh& workl. The Chui¢h seeks to Re&h, Restore and Release people in ¢JJr local community as well as into wider world. missK)n is fulfilled through the folkMing departments aThJ a¢tNilie$. which, during the yoar ended 31 March 2(Y22 V+We: Oay to day management is delegated lo the people listed boltrAT. 1. Prayer, Discipleship and Teaching linduding Onlin• presen¢o1, Dave Criddle 2. Strategy Coordinator- Steve Rayner 3. Worship & Encounter lincl. Galhenngs, Techn￿al Toam. Events. Wak￿ne Team) - tasks $harod betwoen volunteer team members. 4. Mission, Outreach, Evangelism, Church Planting. Partnerghips. Cros$£uhural Missil￿. IV¢xations Supportl, Mission & Ministry, Lc¢al Miss￿n - Stephen Walker-williams 5. Church Lrfe Ministry - Age-relaled.. sla9&related', membership., HHH - Jam08 Simmons e. Chaplain¢y- Jackie Buie 7. Pastoral Support. Lrf8 Groups, lites of passage, Prayer ministy and Cross-culbjral to￿ - Jackie Bu 8. Oporion¥. Support & Services {incl a¢*nin. web1dig￿8l media, c¢mmunulions, evants & Conferences, calenng. premises, caretakingl- Jwe Gledhill 9. Staff Leadership- Stephen Walker-W1￿m8 10. Finan¢è Taam- John Sadlèr All Elders ar6 appointed by members al a Church Meeting. There is a tean of Deacons representing a wide range of ministries and activities, who are also elected by members at a Church Meeting and who are appointed to assist the Elders to undertake their responsibilities. Page 2

GOLD HILL BAPTIST CHURCH (A company 11mlt￿ by guarantw) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 Organlsatlonal structure: D•clslon maklng. Inductlon and tralnlng of Irustèes As at 31 March 2022 the Church hwj circa 345 fvll Church members on its records, circa YJ additional r0gu￿r attenders. (with a further ¢irca 255 maintaining association wlh Gold Hill as Friends.) The members are invi(ed lo meat four times a year al a Church Meeting lo review the activities of the Chufch and make key deeL8ions strategy and finance. presented by thg Elders. as as approwng key appointments. There 1$ an elected Church Council, Wh￿ consists of the elected Elders and elected Deacons and further elected Church represenlalivey. The Church Council meets four times a yeor to Consider new inrtiatives and plans presented by the Elders prior to presentation lo Church Meeling. Directorn" Trustees; Eld•rs & Training The Company has a number of Elders who are aLw Direclofs and Charity TnJslees d the Company. Those vtho have hald this posrtion during the year ended 31 March 2022 and as at IXXI Iseptemberl 2022 lunless otherwise stated), b8ing th• last date possible pnor lo th8 publication of this doeumenl were a8 follows." Slowart Bish G￿ Parkin Stephen Rayn8r Irestgned 30 June 2022) John Sadler Iresign•d 31 December 20211 Anto Castle Johannes Etten Ires¢gned 31 December 20211 Rev Sl¢phen Walker-williams (appointed wrth 8ffeca from 1 May 20211 The Company's constitution speeifies that thè majority of Directors and Charity Trustees musl be non-salaried members of the Church. There aro ¥ number of other paid omployees of the Church who are also Eldern of the Church. Those who have held thls position during t￿ year ended 31 Marth 2022 and as at IXXI Iseptemberl 2022 (cl￿1 than ￿ staled). being the last date possibl8 Pr￿ to the publication of this document weie as follows.. Jackie 8ui• Joyce Gwhill Jam•$ Simmons Dave Ciiddle The Elders 8re approved by the Church Council and then elecliyd by a ballot ol the Churth members. To be 8ppointed they have to achieve seventy-five percanl of votos east in the b8lh)t. All Jppoinlees wiu already have been integrated into the life of the Church, befrY8 bein9 nominated and they receive on the job tuit￿n by attending Eldern, Meetings. They are also providèd with malefial on Tfustee responsibilities produced by the ChaTty Commission and the B8Ptist Union ol Great Bntain. Voluntwrs The ministry of thg Church roll￿ heavity on the worf( of volunteern. Wo employ up lo 9 lul lime equivalent stsff. some ar¢ full and othe¢8 part tirre. Hcwevef. we estimate that I￿￿￿e are over 200 volunteefs invo in the various mini$1ri6s of the Church, including Leadership. Children and Youth Work, Community and Fami Work, Finance and Administration, P88toral Care. Sunday Minislry and Members in Mission_ Publlc Ben•frt In planning the aclivrties for the y•ar. the trustees have considered tho Charity CommissKin'8 guidance on public benefit and, in particular. the specrfic guidance on charit￿$ for the advancomenl ol ￿lIgIOn. The charty sotks to 8eNe tho coffffiunty in whKh rt ffj srtualed a6 well as erigaging in national and inlemat￿nal ministry. ID accordance with the requlreff￿nts of the chwts.es (Accounts and Rewrtsl Rogulations 2￿j8, th8 Truslees confirni they have compl￿1 w((h that duty. Pay3

GOLD HILL BAPTIST CHURCH IA ¢ompany Ilmlted by guarante•l TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 d. Rlsk management The Twslees have assassed tha major risks lo whtch the company is exposed. in particular thw rel8t•J to the operalK)ns and finances of the company aThl tn saltsffied th￿8 systems and procedures are in plxe lo mrtvJate our exposure to the rn•pr nsks. Objectlves and Actlvllles •. Activltles for achievlng oblectiv•s Sunday Worshlp During periods whèn we have been able lo meet 'in-person' we held our Sunday morning services a18.45am and 10.30am in the main Church building. Our youth group continued to hohj their own seryiees. Since moving to the Hub in September 2021, services have teen hehj al 8.45am, 10.30am an(17.00pm. Onllne Prnsenc• Gokl Hill publishes a website that now has rn￿h expanded functionality and usabilty. It makes us mor• effedive in OUT efforts lo communThlo WI￿ are lo I￿r communrty and enables space for u$ to produee promote resourees and material to help people in faith and reach others. W8 continue lo use s¢xial media and are seeking lo develop Ihi8 by implementing a tewn. led by volunteers, to cree corrtent and Inleracl onbThJ. Uf• Group Minlstry Our Lrfe Group ministry continues wtth the clear ¥i$im that peop￿ in smaller groups T4￿￿k1 'Share Lrfe, Sha Jesus.. Al the heart of this. rt is all knjt having deep. honest and accountable relalionst)ips wrth other people. growing in cmjr discipleship and finding way$ to share the message of Jesus with othors. There are group8 meeting within ChaKonl St Peter. a¥ well as groups rneeling across the wider locality, feflecling the geographical makeup of our church famty. Our Lrfe Group leaders continu& to do a brilliant job at supporting Iheii groups and providing leader8ttip. As well as the regular, year-round groups, thore have been seasonal 'Explore Groups. that meet for a sel perKid for something more focused. whether that be for Christians exploring farf(h MO￿ deeply using something like the Fleeting Shadow5 lent series N for reaching oul with farth through our Atpha course. Short T•rni Mlsslon Ev•nts During the year to 31 March 2022. the Church has supwted seNer81 ¥hort4em mission inrtikn"ves. Lo¢al MIS￿0￿ in th• cornmunlty The Churcfi has continued lo have another successful year seThing the communfty in addrtion to several local courses and communrty inrtialives. During th• year, the Church continued our partnership with CSP Youth Cenlre, whKh we support on behalf of the communrty. by providing Some volunteers. Ow the coming yeaf h¢4)e to renew stfengthen our partnership wrth the Youth Centre. The Church coffee shop that operates in the village and trades independently urKler the name of Gokd Hill (Bread Housel Ltd Ihe BREADHOUSE, eonlinued lo contribute to village lifo. In 2021. the Church exercised a bréak elause to surrender a lease on a shop that was adiacenl to the BREAOHOUSE. The opportunty to enhance the re¥h that we are able to h￿ ￿ the community through offenng an arts and c￿$ lacility tr￿￿9 8g'Unique Like You. will continue. Toddlw PT•i8e has ￿ntinued to welcLYne parents. caw# and their pre-school children on to the premises on a Fnday moming-, wrth Child attendance ran9ing be￿een 40 and 70 per session. Hub night (previously kn¢)wn as Plunge Plus). 7-115 Friday evenirrfJ Children'• Ch￿) erhgages with th8 local community and has a th.kl attendance ranging from 3040. In addifion, the Church premises wll continu8 to be u8ed by LANTERNS, a Mental Healh Day Caro Centre enabled through Buekinghamshire Mind, on a Tuesday, Gold Hill has developed a Senior5, Day. and this Page4

GOLD HILL BAPTIST CHURCH (A company limited ty guarant••) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 attracts over 35 senior people each week every Wednesday. It has had a roal impact on the communty particulaity a8 this area of work has been Klentifsed by the Counly Council and they are not ablg to r8$¢w￿e rt. The Church is a key player in the main local community events in the year. the summer festival on Gold Hill Common Ichalfonl St Peter Feast Day} and provides a team of volLtnleer worters for the set-up, running and sel-down of the faalrties. also for Village Fun Night, held in It￿ village centre on the first Fnday of 0￿Mber, for which the Church opens the doors of its cafe for tea, coffee and mince pies. arKI has a visible presence wrth a st1 lo inleracl with and encourage the l¢xal community. On a Monday. the Foyer has been open as a P￿rIC working space {hosling a number of lo¢al individuals 'working from home'l. Since eaty Spring, the Hub has ho$led a Ukraine cafè - welcoming Ukraine guests stsying in the k)calty with a place of connecti￿, and thereby helping to identfy their need$ - wrth being met on srte, s￿h as t￿.ce-WeekIY language ￿SSOns, and pl0vis￿Tr of clothing and other artKles require(l. The Hub has aL80 been used to support communty health in a variety of ways.. hosting the annual Flu Clinr, enabling the local Primary ca￿ NefvKJrk lo meet for both planning and trainin9, and acting as a base for community Health Vi8rtors lo host individual meelin9s with paren15 and thildren and run eaty years parenting courses. A M￿tal healtlthllbeing grtyjp was al80 fun at the Hub over a peric¥J of 12-weeks, and a range of aclivrt¢es promoting physical frtness also provided. Local schools have held both Chfislmas and full-sehool assembtes in the main audrtorium. During Lockdown, frozen meats ware delivered lo Senior members of the local communrty. and supp¢xt provided by telephone and wrstten contact. The opening of our ne4¥ buildin9 enabled a dedicated space lo be allocated lo our Foodbank operatK)n Partnering wrth the Trussell Trust Foodbank in Chesh8m, we ￿ both receive donations, and on average deliver food par￿15 to around 10 homes in the village per week, with demand eonlinuing to grow. Childrnn and Young Poople Our investment in the Children and Youth d our ChU￿h and surrourbding communty is exlremely inwtanl. Natal￿ Criddle was appointed to the role of the Youth WoTker al Gold Hill and regulafly ha8 contact with about 50 young people in the church and btheen 80-100 families in the village at the Youth Centre dunng the week. Our Children's and Families wother Shona Hunter-Sir¥Jh ccnlinue$ to ha¥e a hugely po$thve impact on the children in the church and community seeing growth within mid-week groups and launching a new ministry called 'Grfted'. Events during the year have largely been held on digital plafforms. Our Children's and Youth Work minislrk?s continues lo be supported and resourced in the main by volunteers. Our volunteers. amazing dedication 18 muth appreciated by parents. carern and the wider church famity and communty. During the year. we continued to see Pa￿nIS. aPprec￿tIon of the various acliwties provided for chikjren and young pe¢)ple. The children continued invrting friends to rn1d￿eek activi1￿$. We have continued to care for and teach over 100 children each Sunday and our mid-week children's tlub. Hub Night, reaches oul to the local i>)mmunity and has Seen significant In¢rea5es in attendance. In addrtion. our schools w(Yk ha• deve particularly at RcertSWO¢xI School aThJ in¢reasin9ly al the Chatlonts Communrty College. Young Adult Due to the effxts of Covid-19, rt wa8 a difficuh year for Our young away frw home Istudyingl. A soual event together wf(h l¢xal young adults was held Pric￿ lo commencement of thwr stLsdy year. A volunteer beader for this agelstage has subsequenlty arTanged a number of S￿la1 galheFingS to encourage more connectivty. promoted online connection and estab116hedMacililaled Young Adult Lrfe Groups. Another volunteer leader holds a special 'University preparation, session in the earty autumn to help prepare new students 08 ty leave hfft, and this in¢lude6 information and adv￿ fyom olher more seasoned students. Over 60.• James Simmons overs￿3 our lrfe st4e ministry and links in with the SenK>rs' Ministry. towdinaled by a Church volunteer. This group aims in particular lo provide a range of activities and servi￿¥ particularfy awned al Ihe Seniors, lover 80sl age group. Page S

GOLD HILL BAPTIST CHURCH IA company limited by guaranleel TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 Pasloral Car• Ther? are many ways Pasloral ca￿ tak88 placè at Gokl Hill. Much pastoral cara is carr￿d out qurtg uneonsciously a8 members watch out for one another and as théy meet within the variou$ small groups embodied in Church life. The Core Pastor81 Team. in conjundion wilh pastoral eklers and coordinated by Jackie Buie, takes overarching responsibility Ic gnsunn9 that specific pastoral neods in tho fellowsh1p a￿ Ident￿led and mel. In addition to 5UPPOrting small group leaders in the Pfovision of care, the Team prioritises support for the eklerty, the housebound, thos• hospilalised, those in damaging relationships and those bereaved. GrAd Hil has established a CAP Debt Counselling C&)tre ￿ partnership with Emmanuel Church Chesham. King's Church Amersham and St James Gerrards Cross. This provides free debt eounselling in people's own homes and is supported by the resources & experienc of the national CAP Ichrislians against Povety) organisalion. A5 refvrred to above, Gobj Hll al￿ links to the Food Bank4 in Che$ham & Amersham th distribute fc¥J to tP#)se who we in need and this has been an important area of ministry lo many durin9 th? periods of 'lockd¢YWn'. To thts end we Pfovide lood VOLschats to any who call inlo tha chur¢h office and can prove their hvel ￿ need. In addition, since b¢kdown for the Covid-19 season. Gold Hill has been a dolivery point for the Food Bank to (￿r very loc•i communty and dropoff point for donation8. Prayer Prayer 18 a vital part crf Gold Hill Baptist Chureh, and all Inembers aro encouraged to h•ve thw cythm p•rsonal prayer lrfe. bLrt this is supported by the offer of prayer ministry at all our Sunday services. There is an organized prayer chan for particular needs, and ￿ •bJefS are cc¥nmitted lo pray for each member ol the chuTth Wbthin Ihg year. There is 8 dedicated prayer room in the church building, which may be bod(ed by the hour for erthor individual or group use. Church prayer evenings are arranged 6 times per year, typicalty Wbth a different themenocus on occasion. Gc4d Hill have linked tQ9elhgr wlh s6veral other local Churches in our area to hold 24-hour pr8yer sessions for our communrties,. local issues and mattgrs affècting the wider Workl. Both 20218TrJ 2022 sw éxh ye8r 8t•t by $8tting 48ide January with a month of prayer. Dunng January 2022, we encouraged everyong lo pray each day, including a day of fasting once per weok. We 8180 use a dedicated prayer room in our building which can be used for pr￿￿. Discipl•ship During this year, work has continued to plan and implement • 'Discipleship Pathway at Gobj Hill. This 18 an attempt lo create a dearty definod slructtsre so that every pers￿ who connects with our chuT¢h can be ompowered arKI enabkd to t81(e steps forwar(I In farth wrth Je5u$. It includes a mixturg of rosoUrC￿ aThJ gu￿?$, a5 well a8 painting a picture for people of what 9rowng matunty in farth looks like. Global Mlssion The CrDSS-Cultural T*m provides financial, prvyer aThJ other practical support to over88as workèrs. These partners have been fomially selected and are, in most caseB, professionally trained and qualrfied for Ihw"r v¢xalions. Their assignments are fomially assessed and aFvroved by the Cross£ubtvral Team. Their pury)ose 18 to establish and bviky the Church in varwJus locations around the wodd. this Can be by bible translation, evangelism, providing support servKes, drug rehabililalion. support ministries among the poor and training. They are supported financially al drfferent levels accordin9 to a standard set of principles that is applied consistently, such as assessing their needs Idependenl on l1)catw)n, famity and w0￿1n9 requiremenlsl, otho means of support and income and the Church's abilty to fund them. Dynng the year there were 9 individuals or couple$ supported by the Cross-cumufal Team. Local Church Partner4hlp• Gold Hill Baptist Church continuès lo maintain link$ wrth and provides advice, speakers and support to local Churche5. There is a growing demand for and concern for partnellng with many olhor kncal Churches. and links wrth these wdl bo lurther examined and developed during the corning yw. Regular moelings are ￿ld wilh Page 6

GOLD HILL BAPTIST CHURCH IA company Ilmited by guarantefjl TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 leadeTS of cAhèr I￿1 Churches in SoLrth Bucks, wrth the aim of wothing together to roach the region wrth the Gospel and see the church renewed. A smaller group of 8aptist Churches have recently laurtched the South B￿kS Nthork wilh Ihe5e aThs. Stephen Walker-william hu slrntegic oversight rf this netsvort. New 8uildlng Pro5•¢t and oth•r property matt•rd Foll¢)wing a decision that was made by Church members al the end of 2013 to Seek new premises, in January 2017. Gokj Hill Baplisl Church puichased a buikling known as The Randall Building for the sum of £1.8 million. The purchase was made with a rnixtufe of donations and loans from Church members and a ban of £800,0 from the Baptist Union Corporath￿. Pnor to submrtting a planning appltslion. Gold Hill Baptist Church conducted a l¢xal consuttatvJn wilh many local stakeholders and during 2017. Chillern District Council granted a lull planning Fernission to t￿lId a n4V buikling. Subsequently, tho Church faised funds Ihrovgh gifts, interest free loans and members making future pledges and a fvthor loan of £1m frMI the Baptist Union Corporation. Church Members approved a proposal to agro9 lo enter a contrad lo buikl the new Hub Haart Home facilty which included demolition of the oxisling strueture. Gold Hill signed a Build and Design contract wth Jwvis Conlraeling Limrted •Thl building took pl during 2020121. The new building, which is called the 'Hub' was completed and handèd over to Gokl Hlll in September 2021. The agreed contract prieé fof the buildng arnounled to £6,450,000. the land price was £1.800.000 and an additional sum of £829,8S5 to co￿1 professional and Integral fft out costs. On 3 December 2021 the sale of the Gokl Hill East srte completed, and we received the balance cl the sum of £3.6m that was due lo b¢ pad {£2,040.0001. From this sum, £1,705.073 was used lo repay the balance on a 88plisl UTh￿1 Bridging Loan and the Church weived the balance. In Detember 2021, the 8aptisl Union agreed lo grant a further loan to the Church and lo Consolidate all the outstanding loans Ihal rt has into one new loan lolalling £1,611.502 whth is repayable over 15 years. In addition. in December 2021, the Church began lo repay the outstanding short-lern loons that rt had oulslanding in connection with Ihe Hub Htyne building project. Wth fegard lo a seclion of land that is ￿•m￿￿ by Church callod the iowef Road. the Church has taken steps lo ensure ltr￿ good signage and feneing have been ereded on the srte and that good site m8na9emenl is undèrtaken. On 19 February 2021. Gold Hill srAd a prcperty known as 47 Layters Clo•0 for £405,000. The Pfoeeeds after osts, were used to pay off thè balance of an existing k)an wrth the Baplisl Union Corporation {£59.901.01), wilh Ihe remainder baing allo¢aled towards tho HHH Building project and the Church General Fund. Gold Hlll Car• The Church has a very ckjse ass¢xialion with Gold Hill Cara. which was located near to thg Church and was established as 4 separate organisation by a proViOUS trmber of the Church. provKling ordinary and spgcialisl dementia ¢are arld shettèred accommodation for the ekjerly. for over 50 year8. The Church continues to have closè working relationship with Gold Hill Care. b. Grant maklng poll¢l0s Grants are made by the Church to both UK and intemational mi$sion8 to further their WO￿ and in accordarte th the missKJn objectiv95 of the Church. Achievtrm•nts and perfomi•nc• a. Golng COn￿rn After making appropriate enquiries, the trustees have a reasonable expeetalion that the company has adequate resources lo continue in operalKJnal exislence for the foreseeable future. For this reason. Ihey continue lo adept Ihe going concern bast8 in preparing the financial slatements. Further dotails regarding the adopt￿n of the golng conG•m ba￿S can be found in the Accounting Policies. Page 7

GOLD HILL BAPTIST CHURCH (A ¢omp•ny limited by gu•rantse} TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR E14DED 31 MARCH 2022 b. Support of oth•rwork The Church 5UPPOrts various other ministrie$ and ¢harrtable OTganisalions thiough providing pastoral support, encouraging members to pray and by making funds av&lable. The Global Mission Council have responsibil for ensunng re51rieted grfls made for the $LbPPOrt of particular ministries are used for that pury)ose ar￿ lor recommending and administering the genefal oveiseas giving of the Church. ¢. Prin¢lpal rik8 •nd un¢•rtainties As a charty. the Chureh faces a number of principal ri8ks and uncertainties. The most severe would be a substantial drop in income which is largely ￿lIant on the giving of church members. Another risk WC￿ld be a reduction in the number of volunteers who are prepared to offer their tne to enable the Church lo achieve acl1vrt￿5. The Church could also be affected by ¢)theT macro¢onomic rtsks which may affect the UK economy. During the financial year, Covid-19 irnpacled the church through closuie ol the buildinglsile and thè impacl of this ￿maInS under review. The longer4erm impact is expected to become tharer a8 the pandemic weakens and wrth Tesumption of nornMI actsvity. d. ReseNes policy The Trustees have agreed • tsrget res¢p￿ poI￿Y (namely enough to cover thrne months. expendilurel and ￿11 take steps lo implement this policy as and when surplus funds are available. The Church believes in the grace ol God and is grateful for the Sacrifi￿al giving of our member5 to provide for our financial needs as they anse. The Church believes that monie5 should be utilijed for the fvrtherance of the woth of the Church in the community 88 soon as rt 1$ practical and is consistent wth an ordety and ￿Sponsible stewardship of tho funds and the woth of tho Church. •. Rlsk pollcy We maintain a simple risk register. which idontffies major risks to tho continuing miSs￿n of the Church wthin the communsty. We rety on Ihe ggnerous and sxrificial giving of the Chufch members to onable our many ministries wrthin the communty. As a charty, we also benefit from thg lax relief provided by the Govemmenl's Cft Scheme. whKh enables us lo extend our ministry in tho communrty even rn￿e effectively. f. K•y man•gem•nt personnel Salaries for key management staff aro set ty the Trustees, who meet at least annually, in accordanr* with the Charit￿$, goveming d￿urnents. Local and national comparators are constdered. alongside 1ndp4￿U81 reSpOn￿bIlty levds and perfomance. During the year. a Staff restnjcturing exercise was completed and tsvo p)srtvJns were made redundant. g. Flnancial rnvi•w Financial In¢ome is derived from voluntary donations and regular gSvSng by the congregation. mainty via the Church Tnjst. During the year under feview. regular giving to the General Fund increased lo £437,69612021." £414,146). Income lo the Hub Heart Home PTqecl for Ihe finanual year totalled £631.85512021.. £270,892). Ful details on Financial Incomè are 5hovm in Not08 4 to 7 on pages 26 to 29. A signifi¢anl proportion of th• Church's incune is given by way of donations lo Christian mission and relel groups, mslty overseas or throu9h their c(mmissioning organisalions. The other main area of expenditure for the Church ig that of salaTies. Funds ar9 "reslrieted" when they are given for a specific Purpose. These ftjnds genwalty 981 distributed in the financial year. excepting the need for feseTve5. Funds are also set asth as designated in order lo facilrtate Irdcking of unrostricled funds as they are spent. Unreslricled funds Iwhich in this instsnce conslrtule Ihe 'free' r?serv8sl available al the year-end amounted to £3.785.827. being an increase of £3,370,324 on the prior yeaT. Theso fvnd$ win be used on the Chur¢h'$ objectNes in the year to wme, whilst, when possible. some restricted funds will b• held back to enab￿ the Church to meet its target resgry95 policy. As there •T• no speufic investment pry4ve￿, thè majority ol ¢a8h reser¥e8 in Intefesl b•aring. 90 day or instsnt ac￿81 bank accounts. Page 8

GOLD HILL BAPTIST CHURCH IA company Ilmlted by guarant801 TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 Plans lor fu￿re periods . Futur8 developments Plans for fvILlfe developments build Upc￿ Iho actNilies OLrth'ned in Iho 'Objtelives and Activities. section abcNe as we seek lurthef our mission. Mofo recently, we have moved the lo￿$ of our vision language and leadership being about seeing people 'Reach¢d, Restored and Re￿aSed in Jews, name.. This is now forming the us of all our planning, activities and direction Ilhe below is frwi a Visi￿ and Language update document thal provKled for those in leadership posrtions wilhn the churth): R•#ch￿- rèaching people with a relational gospel encounter.. On cfft le￿1 this coukl be reaching out and making contact ¥￿th people far from God. This is a great thing to do and challenges us lo continue stepping out and engaging in deepening relational ￿ntact wrth people 4th0 are far fr(Mm God. Our understanding of seeing people reached ￿d5 lo go furthèr. It needs lo include exposure to the Gospel in some way. This coukl b8 a sharing ol leslinxmy, an offenng of Pfayer, listening to a talk, a full-on gospel presentalionlconversalion. Restored- rèstoring peop￿ lo rvjhl relationship with arnl in J88US.' As people have gospel conveisalions, we pray th there will be an increase in the number of people that make first lime commitments to Jesus., people that arn restored to ryht relat￿shiP wth J•sus and as a r6sull other restoration lTr￿S. We also recognise that Jesus, restoralion ministry ¢￿￿InUeS after we beccffie a followor. We pray for an iKrease in people bthng restored in Jesus WhO￿ne$S and healing. Rel•as•d- ro￿a$ln9 God's placed potential in people.. One of the key ￿n9 of malunty as a disciple is that we beeome reproductive, we join in the Jesus mission ministry. This area i￿ludeS re￿aSIng peoplg In thèir Gc#J given potential and gifting 8s well as releasing each disciple wa have contsct with lo be reproductive disciples i.e.. dtsciples who make disciples, leaders who raise up (thor leaders aThJ ¢hurches that churches. Sinc•. we have Wun lo consistentty lead into th￿0 focuses. the eongregalion is taking more of a personal nership of these objects.ves as well as collectively Wofking together to see the aims achieved. The objectives have boèn translated into prayer goals and also praelical steps in many drfferent arèas of church lrfe, with that wJrk ongoing lo ensure all wo are and do is fccus6I luward this ane goal. Tru•tws' Responsibllitlos Ststem•nt The Trustees Iwho are also directors of Gokl Hill Baptist Church lor the purposes of company law) are responsible for prepanng th• Trustees, rewt and the financkql statements in accordance wth appluble Iw and United Kingdom Accountiry Standards (United Kingdimn Generalty Accepted Aceounting Praclicel. Cryny Itw require8 the Tfustees to prepar? finarKial Statements lor exh financial year. Undw Company Lqw the Trustees not approve the financial statements they are satisfied that they give a true and fair view of the s18te of affairs of the charitable company and of the incoming Te50urces and applicats.on of resoure¢s, includir¥J the ineome and expenditure, of t￿ eharrtable company for that penod. In preparirwJ these financial slalemenls. the Trustees afe required to.. seled suitable accountin9 policies and then app￿ them consislenuy.. obserye tho methods and principles In the Charrt￿5 SORP., make judgments and accounting estimates that are reasonable and prudenl.. prepare tho financial slalemenls on the going concern basi$ unless rt is inappropriate to Presu￿ th the ch¥itable e¢Jmpany ￿ntinue in OFefath?n. Tho Trustees are responsible for keeping adequate accounting reeofds tr￿1 are sufficiènt to show arwj explain the tharitable company s transactions and disclose wilh reasonable accuraey at any time the financ￿1 poS￿.0n ol lh• charrtabb company and enable them to ensure thal the financial Stslements comply with the Companies Pag¢ 9

4XILD HILL BAPTIST CHURCII {A eoMp•ny Ilm•d by gu•r•nt••) TRUSTEES, REPOltr ICONTr4UEDI FOR ThE YEAR ENDED 31 IAARCH 2022 2￿6. Thy wo also ￿sp￿SIble for s8f•guardiThJ a88ets of th8 thantsble cutwany arml h8n( for tskiThJ r8asonabl• st•p8 lor Iho wevonlkn and dete(on of ¢)ilw Irrnguladl. Dl8clo•ur• of Infornmtlon to th• udltorn Exh of Iho pwscms l)o are Trustees at tho thls Trustees. report 1$ approved has confimed that". f8r •$ Ihat Truslae 15 awarg, l• no relEvanl a￿11 infixmauon of vknith th8 chariiob Col￿an￿5 audtl¢ys arg unaware, and that TN$loa has tak6n am the 8tOP8 th•1 ¢)ught lo h8v6 been tskvn 08 4 Trustee in onlor to be awarn any relevant audlt inf0m￿l￿rt and to estsblish Ihat the tharilable ¢(￿n￿$ auditors ar• awarn of that Informayon. Guy P•rkln (rruslo6} nd St•ph•n J•mM Walk•r¥lllllam• Pago 10

GOLD HILL BApnsT CHURCH IA company limit•d by guarant•e) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF GOLD HILL BAPTIST CHURCH Opinlon audrted the financ￿1 statements of Gold Him Baptist ChLbrch (tho '¢harrtable company'l for the year onded 31 March 2022 which ccffjpriso the Statement of financial activrties. the Balance sheet, the Slalement of ¢•sh flows and thè relat•d notes, induding a summary of signfficanl ac¢ounling polties. The Iinancial reporting framework Ihal ha8 been applied in their preparalion is applicable baw and United Kingdom Ac¢ounling Stsndards, including Financial Reporting Standard 102 'The Financial Reporting Standard applKable in the UK and Republic of Ireland. (Unrted Kingdom Generally Attwled Accounting Practice). In ow ￿1ft10n the financial statements. gNt a Inje and far view of the Slate of the tharitable Compan￿$ affairs as al 31 March 2022 and of its incoming resource5 application of resources, including rts Incomg and expenditure lor the year then ende(I,' have been property prepargd in ¥cordance with United Kingdom Generally Aecepled Accounting Pratlice", and have boen PTepar&J in accordance wilh the requirements oftho C¢ynpanw Act 20C6. B•sls for oplnlon We conducted ¢)ur audit in accordance wrth International Standards on Audrting {UKI IISAS IUKII and appIl￿ble lffw. Our responsibilrties under those standards are further described in the Auditors, responsibilrties for the 8udrt of the financial statements section of our repkirt. We are independent of the Charitab￿ company in accordance wrth the ethical re4uiiemenls that are relevant to Our audit of the financial statements in the Unrtgd Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilrties in accordance wrth these requirements. th believg that the awjit emdence we have obtained is sufficignl aThJ appropri8le lo provide a basis lor our opinion. Conclusl¢)n8 r•latlng to golng conc•m auditi'ng th• finarKial $tal8menls. we c<xKlud8d that the Trust￿$. use of Iho going corKem basis of accounting in the preparation of tha flnancial Stateménts is appropriate. 888ed on the work wo have perfomed, we have not identified any material uncertainties relating lo events or condf(ions that, Individually or colleclivety. may rasl sunificant doubt on thé Charrtab￿ company's abilty to continuè as a going concom for a p8rth of at Igast fv48lve month5 from whan the financial slalements are authorised for issue. Our responsibilrties and the responsibililios d the Tnjstees with respect lo going conrAm ￿ described in the rel8vant sethons of this report. Page 11

GOLD HILL BAPTIST CHURCH IA company Ilmlted by guarantèel INDEPENDENT AUDITORS. REPORT TO TrIE MEMBERS OF GOLD HILL BAPTIST CHURCH ICONTINUEDI Oth•r inf¢)m?atlon The othgr Information comprises the information included in the Annual report other than the fin8ncial statements and our Auditors, report Ihereon. The Trustees are responsib￿ for tho other information ¢ontained within the Annual report, Our opinion on the financial slalernents doès not eAiver the other inlomiation and, èxcept to the extent olheAvise ex￿•¢11￿ staled in our report, we do not express any ftxm of assuran conclusion thereon. Our responsibilty 1$ to regd th• oth•r infom)atK)n and, in doing so, Cons￿er whether the olher infornalion is materially inconsistent wrth tho financial slalemenls or our knowledge obtsined in the course of the aLKIrt, or olh6¢wise appears to be malerialfy mLsstsled. N we ￿entify such matenal Inconsislenryes or apparent material misslalemenls, we are feqLJired to delemine whelher thi8 gNes ri¥e lo a material mi5slalèment in the financiai slalemenls themselves. If, based on the th we have perfomwd. ￿ condLvJe that there is a material Misstate￿nI ol this other lnlormat￿n, wa are ffjquired lo report that fact. have nothing to rwt in this regard. Oplnion on oth•r matt•r4 preserlbed by th• Companies Act 2006 In ow opknion. based on the WO￿ undertaken in the c¢Mirse oftht a￿111.. the information given in ￿ Tru5tees' report fcw the finanual year for whth the financial stateff*nts are prepared 1$ ¢onsislenl with It￿ f1nanck41 slalements. tho Trustees. rep￿1 has been prepared in accordanc• with awlicable ￿81 requirem•nls. M•ttèrn on whkh w• arn r•qulrnd to rnport by •xception In the lighl of our knowledge and understanding of the charitable company and its envwonment obtained ￿ the courne of tho aud￿. we have not Kl8ntrfied matenal misstalemenls in the Tru51ees' report. W8 have nothing lo report In fespect of the f01b￿l￿g matters in relahon to whth Companies Act 2rth requires us to report to you rf. in our opinion". adequate accounting TecoTds haw rbot b88n kept. or retum$ adequate for our audrt have not bee received from bfanches not vlsrted by UJ.. or financial stalerrenls aro not in agreement wth the accountiThJ recofds and returns.. or certain disclosures of TrLTrslee5' remunerats.on specifigd by law are not made. or ¥ft have not received all the information and explanat￿n$ wt require for our audit," or the Trustees were not enlilled to Prepare tho financial statements in ac¢ord8nce with the sma eompanies regime and take advantage of tho small companies, exemptions in preparing the Tru51ees' report and from the requirement lo prepare a Strategie report. Page 12

GOLD HILL BAPTIST CHURCH (A company limltod by guarante•l INDEPENDENT AUOITORS. REPORT TO THE MEM8ERS OF GOLD HILL BAPTIST CHURCH {CONnNUED} Respon$lbilitl•s ol trustoos As explained more fvlly in the TrLbslees' responsibilities statement, the Tru51ees (who are also the directors of the chantable ¢ompany for the purposes of company lawl are responsibte for th• preparation of the financtal statements and for being satisfied that thèy gNe 4 tN8 fair view, and for Such Inlemal control as the Trustees determine is necessary lo enable the preparats'on of financ￿1 statements Ihat e fr•e from material misstatement. whether due to fraud or error. In preparing the financial slalemen15, the Trustees a￿ responsible lor assessing the charitsble company's abilty lo continue as a going concem. disclosing, a8 applicable, matters related to going concem and using the going concem basis of ac¢ounting unknss the Tru51ees either intend to h'quidate th8 charitable company or to •ase opefalions. or have no rgali$tsc akemativa bul lo do 80. Audllorn. responslbllltles forth• •udlt of th• financlal Statements Our objectives are to obtsin feasonable assurance about wthether the financial statements as a whoh are free from material mi$51atemenl, whether to fraud or error, and lo issue an Auditors. report that includes opinion. Reasonable assurance 1$ a hyh level of assuranee. but is not a guafanlee that an audrt conduded in accordance with ISAS IUKI will always detect a material misslalemenl when il exists. Mis$tatement5 can arise from fraud or wrof and are considered material rf, indiv￿u31ty or in Ihe aggregate. thgy could reasonabty be expected to influence the economic decisions of users taken on thè basis of these financial stslements. lffegularrties, including fraud, are instances of non<ompliance wrth laws and regu5alions. We design procedures in line with our responsibilities, outlined abovè. to detect material misslalements in respect of irregularrties. induding fraud. The extent to whKh prwedures are Capable of detecting irregularities. in¢luding fraud 15 det8iled belovr. We gained an understanding of th8 legal and iegulalory framework applicable lo the charitable company and the industry in which it operates, and considered the risk d acts by the chairtable company Ihat were conlrnry lo applicable lavA and regulations. Including fraud. We designed audrt PTocedures to respond to the flsk, reeognising that the risk of rd detecting a material misstatement due to fraud is higher than the risk of not detecting one resutting from erToT, as fraud may invofve deliberate concealment by, f￿ exampbe. lorgery or intentional misrepresenlalions, or through colluswjn. Iocussed on I￿8 and regulations which ￿ld give ri¥• to a material misslatemenl in the financial Statements. including. but not limited lo. thé ComPan￿S Act 2006, Charilios SORP (FRS 1021 and UK tax islatKsn. Our tes18 included agreein9 ￿ financial statement disclosures to undertying 5UPPQrting documentabon and enquiries with managem¢nl. In addrtion lo this. during the cour8e of the audrt our testing revK9we(l expenditure on chantable activities lo provide assurance that costs were ￿levant to the chanty's activit￿s. As in all our audrts, we also addressed the risk of management override of internal Controls, including testing journals and evaluating whether Ilwe evidenc• of bias by the Iwstees that represented a nsk of material M￿stateMent due lo fraud. There art Inherent limitations in the audrt procedures described above and, the fvrther removed non- compliance wrth I￿$ and rogulalions is from the events and transactions refiected In the financial slalemenls. the lèss I￿ety wè would beccme tare of IL dKI Kl8ntify ￿Y key audit matters relating to Irregularrties, including fraud. A fijrther description of our re¥ponsibililies for the audrt of the financial statemonls is located on the Financial Reporting Council's website at.. au nsi This description fornis part of c￿1 Auditors, report. Page 13

GOLD HILL BAPTIST CHURCH (A company limlt•d by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF GOLD HILL BAPTIST CHURCH ICONTINUEDI Us• of our report This rq)ort is made solety to the charitable company's members. as a b&ty. in accordance with Chapter 3 Part 16 of the C￿panIeS Act 20CIS. Our audrt work has been undertaken 50 that we might state to the charitable company's members those matters we are required lo stale to them in an Auditors. report and for no other purpose. To the fvllest extent permitted by law. we do not accept or assume responsibilty lo anyone other than the chantable company and its members, as a t￿y. for our audr( woth, foi this report. or for the opinions we hava fomied. Wl*e & Co Chartered Accountants and Slalulory Auditor¥ Wey Court West Unv)n Road F8mh Surrey GU9 7PT 1+110 1202 Page 14

GOLD HILL BAPTIST CHURCH (A company Ilmlt•d by guarant￿) STATEMENT OF FINANCIAL ACTIMnES IINCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 MARCH 2022 Unrestrlcted funds 2022 Resirlct•d funds 2022 Totsl lunds 2022 funds Income Imrn: Don81ion8 and legacies Charrtable aCtivrt￿S InveslrrEnts Other income 456.698 12,763 1,257 1.165,657 851.676 1.101.374 12.853 1.257 1,165.657 851,570 8.938 40,599 5,685 T(Aal incom• 1,636.375 651,766 2.288,141 906, 792 Expondltufe on". Charitable aclivrties 584,451 154,349 738.800 644,689 Total exp•ndllurn 584.451 154,349 738,800 644,689 N•t Incom• Transfers beh¥een funds 1,051,924 364.985 497.417 1364.9851 1,549.341 262, 103 21 lknt mo¥•m•￿ In funds 1.416,909 132,432 1.549,341 262, 103 Reconciliation of funds.. T(tsl funds brought forward Not movement in fund5 1401.696 1.416,909 3,875,698 132,432 6.277,394 1.549.341 6.015291 262, 103 Total fund• carrled lorward 3.818.805 4.008,130 7.828,735 6.277,394 The Stalemanl olfinancial actwrtiès indudes all gains and losses recognised in the year. The on pag68 19 to 46 form part of these financial statements. Page 15

GOLD HILL BAPTIST CHURCH IA company Ilmited by guarantee) REGISTERED NUMBER: 08043770 BALANCE SHEET AS AT 31 MARCH 2022 2022 2021 Flxed as8•ts Tangible assets Investments Investment propety 14 16 15 9.313.034 7,9CQ,834 l.QJ6, 756 9,313,035 8,907,591 Current a••ets Stocks Debt(xs C88h at b8nk and in hand 17 18 1,025 214,458 466,253 3.Of8 187,989 I,(%K,693 681,736 1,197. TCQ Creditors.. amounts fallw due wrthin one 19 {S48,344} f2.446.349) Not currnnt ass•ts I Ilabllll•¥ 133,392 (1,248,649) Totsl •ssots I•u Cuffent Ilabllltles Credrtors". rnnts faHing due after ffKre th?￿ or y•ar 9.446.427 7,658.942 20 {1,619.6921 (1,381.548) N•t 4•80ts excludlng penslon •s*•t 7￿2$,736 6,277.394 Total n•t ••s•ts 7.826,736 6,277.394 Chailty funds Restricted fvnds UnrnSlr￿ed fvrm Designated fund• General fvnds Ro¥8luation re8aNO 21 4.008.130 3.875,698 21 21 32,808 3,786.797 899.255 415.503 1,086,938 Total unreslncted fvnd• 21 3,818,605 2,401,696 Total lunds 7.828,736 6,277,394 Pa90 16

OOLD HILL 8APTIST CHURCH IA c4ynp•ny Ilrnlt•d ty guJrnntMI REGISTERED NUM8ER.' 08043770 BALA14CE 3HEEf ICONTINUEDI AS AT 31 MARCH 2022 Tho Tnth ltrdr resp￿$￿11￿8 tr 9)M￿Tra ¥&ilh ts re9￿monts crf tho Act ￿ respèct to accl￿ni￿g r•c4rd8 •nd wopornlhjn of lknancial 8tal•m8nts. Th• flnand•l ststom•r)ts ww• •pprov•d authorfs•J for168u• by th• TN8tfjg9 WKI s￿nId on thdr b•lir ty: ¢3uy p•￿In ITru¥tsel nd 8t•ph•n J•m• walk•r￿IllIaml pay 19 10 40 f(*m ofthM• finanLaal stat•m•nts. Pa9• 17

GOLD HILL BAPTIST CHURCH IA company limit•d by gu•rante•l STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022 2022 2021 Cash flows from op•rating •ctlvltl•g Net ca•h used ￿ operating aclwilia8 (337.1441 38.378 Cash flows frorn invo3ting a¢tivltl•s Dividends, interests and rent$ fr￿￿ In￿tMOr Purchase of tangible fix•d asséts Proceeds ftom sale of investments 1,257 40,599 12.000.431> (3.085,436) 2,610,000 7,035, 745 N•t cuh provlded byllused In} Invgstlfig actlvlti 610.826 12.009,0921 Cash flows from Ilnancing Ictlviii C•sh infltrws from new borrowing Repayments of borrowing 89S.268 1.545,2L {1.709,390) (107,927) N•t cA8h lug•d Inyprovidgd by flnanclng a¢tfvitl•s 1814.122) 1A37.273 Chango In ca•h and ¢ash equlvalents In th• yur Cash arKI ca8h equival6nts at the beginnin9 of the year 1540,4401 1.006,693 1533.441) 1,540. 134 C•sh and ¢Mh equlvalents at tho •nd of th• y••r 466,253 I,CQ6, 693 The ncl•s ￿ pa998 19 to 46 forni part ofthe80 financial statewEnt8 Pago 18

GOLO HILL BAPTIST CHURCH IA company Ilmlted by gu•Tanto&1 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 MARCH 2022 General InfomiatSon Gold Hill Baptist Chureh is a corpoiat¢ ¢harrty limrtad by guarantee, inCo￿orated in England and Wes. Regisl8r8d Number. 08043770 tts principal offica is at The Hub. Church Lane. Challonl St Petar, Buekinghamshire. SL9 9RF. England. Accountlng pollclos 2.1 BMI• of pr•parnlion of flnanclal statements The financial $latem8n15 havo bogn prepared in aecordaneè wrth thè Charrties SORP IFRS 1021 Accovnling and Reporting by Charrties Slalement ol Reeommend6d Practice applicable tr) charrt￿S preparing their accounts in accordance Wrth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 arKI the Companies Act 201A. Gokl Hill Baptist Chureh me¢ls definrtion of a public benefft entty under FRS 102. Assets and liabilities are initially ffjcognised al historical cost or transaction value unless othe￿iS8 $laled in the relevant accountirwj poky. 12 Golng conc•rn After making appropriate enquir￿, the Tnjstees have a reasonable expec*￿n that the eompany has adequate resourees to continu8 in op8rational existence for the forseeable future. For this reason, they continue lo adopt the coneem basis in pieparin9 rinancial statements. Page 19

GOLD HILL BAPTIST CHURCH (A company limited by guarant•o1 NOTES TO THE F1fr4ANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accountlng pol1cl￿ Icontinuedl 2A Income l income rs recognised once the ccmpany has entrtlement to Ihe income. rt 18 prct*able that tho income will bg recèived and the amount of income receivable can be méasured reliabty. The recognitK)n of incomg from legacies is dependent on establishing entillemenl, the probability of receipt and thg abilty to e51imale wth sufficient accuracy the amount receivable. Evidence ol entitlement to a legacy exists when the cclrwany has sufficient evidenee that a gift has been left to them Ilhrough knowbedge of the existen￿ of a Val￿ will and the death of the benefaclorl and the executor is satiSf￿d that the propety in questh?n will not be required lo satisfy claims in the estsle. Receipt of a legacy musl bé recognised when rt is probable that il will be received and the fair value of the amount receivable. which will generalty be the expected cash amount to ￿ distrrt)uted lo the company, can be reliably measured. Grant8 are included in the Slalemgnl of financial activities on a Teceivable basis. The balance of income received lor specific purposes but not expended during the penod Is sh(Mn in the relevant lunds on the 8alan¢e sheet. Vther8 In¢ome is recoived In advanc8 of enlrtlemenl of receipt, rts re¢ognits"on is deferred and included in credrtors a8 deferred income. l•there entitlement occurs before income is received. the income is accwed GTrfts in kind donated lor dlstnbutK￿ are Included at valuation and recognised a8 inc¢Mne they are distributed to the projects. Gifts donated for re5alg are Included as income when they are sold. Vtt￿e thè dC￿ated gDLwJ 18 a fL¥ed aG8eL it is measured at fair Wdluo. unles8 it % impfactul lo measure this rdLabty. In whth case the cost of the rtem to the donor Should be usgd. The gain L8 recognised a$ income from donations and a corresponding amount is Included in the appropriate fixed as$et das$ and depreciated over the useful economic life in accordance wrth the company's accounting pOl￿¢e$. On receipt, donated professional seNices and facilities are recognised on the basi8 of the value of the grft to the company which is tho amount it wouhj have begn willing to pay to obtain sefWCeS Of fac11rt￿5 of equivalent economic bgnefft ￿ the q)en market", a corresponding amount is then fecognised in expenditure in the pwic<l of rKeitA. Income tax recoverable in relation to investment income is recognised al the time the investment Income 18 receivable. Other incorne is reeognised in the period in which it Is recgivable and to the Qxtenl tho goods have be•n provided or on completH)n of the servi¢e. 14 Expendifvr• Expendrture is recognised onc• there is a Iggal or constructive obligation to transfer econom benefit to 8 third paty, rt is probable that a transfer of econ¢)mic benefits will be requrred in settlement and the amount of the obligation can be measured reliably. Expendfture is clas$ffied by activity. The ¢08ts of each aelivily arn rnath up of the total of dire¢t costs and sharèj ¢osts, including support CO8ls involved in urbdertaking each activity. Direct Costs attfibulable lo a single activty are allocated difectty to that activty. Shared cost$ contribute to more than one adivity and SLbPPOrt costs which are not altribulable to a Sing￿ activity aTe apportioned betsv8en those activities on a basro consistent with the use of rosources. Central 8taff eosl8 are allocated on the basis ol lime spent. and depreciation charges allrKaled on portion of the a88•t's usa. Pap 20

GOLD HILL 8APTI8T CHURCH IA company Ilrnlted by guarnnt•o} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 MARCH 2022 A¢¢oynting pollcles lcontlnuodl 2.4 Expendlture Icontlnued} Expendrturg on Charitable activities is Ineurred on directly undgrtaking the activities which furthor th• ¢ompany's objective8, a8 well as any associated support ¢08ts. Central support costs been aNC￿ed on l)asi• of resources used and ha￿ been apportioned to ts c08ts ofthe ¢hureh aclNrtied aThl to govemance ¢o$ls. Govemance costs comprise all costs ￿￿ting lo lh6 Kcountability ol the Church and rts compliance with regulalK)n$ and gotsj practice. The86 co818 indude costs relating lo the stvtory audit. Grants payable are charged in the year vthen the offer is made except in those ease$ vthere the offer is conditional, SLbch gwanls being recognised a$ expendrtuie when the conditions altaching are futfilled. Gr8n18 offered Subject lo conditions which have not ￿en met at the ygar end are noted as commitment. bLrt not a¢crued as expenditure. All expenditure is inclusive of iFrttoverable VAT. 2.5 Government grants Govemment grants ielating to langible fixéd assets are treated ats defeffed incc•me and released to the Statement of financial activities over the expected usefijl INes of the assets concerned. Other grants are credrted to the Statement of financk41 acliwlies as ￿ reLated expendrture is incurred. 2.6 Intoresl r•c¢lv•ble Interest on funds held on deposrt is included when receivable and the amount can be measured rgliabty by the company, thr6 18 nomially upon notification of the inlefest paKI or payable by the inslilulion with whom th8 funds ar• dep)sited. 2.7 Taxatlon The company is considered to pa$J the tests set out in Paragraph 1 sChed￿e 6 of the Finance Act 2010 and Ihwefore rt meets the definition of a eharrtable coryany UK corporation tax purposes. Accordingly, th company ￿ potenlialty èxempl from taxation in respect of incomè or capital gain$ received within categories covered by Chapler 3 Part 11 of the Corpofalion Tax Act 2010 or Section 2S6 of the Taxation of Chargeable Gains Ad 1992. to the extent that Such inconie or gains are appl￿d exclu$Nety to charrtabie purposes. 2.8 Tanglble flx•d 488ets ind depreclation Tangible fued a¥setS C081¥ig £1.1))O or ff¥)re ￿ Capitalised arKI recognised when future econom b8nefits are probJle and th• c￿1 or value of the a¥•et w be measured reliably. Tangible frxod assgls aro inrtialty recognised at cost. After recognition. under the ￿$1 rr*)del, tangible fixed a¥aets are mea5ur•d al cost less accumulated depreciation and any accumulated impaimenl losso$. Doprecialion is not chafged on freehold land. All costs i￿urred to bring a tangible fixed u8et into rti intended working condition 8houkl b• included in the measuremenl of Page 21

GOLD HILL BAPTIST CHURCH {A company limit•d by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accounting policios {contSnued} 2.8 Tanglbl• Ilx•d •i•ets and dopreclatlon leontlnu•d} Depreciat*)n 15 charged so as to alhxzte cost of tsngible fixed u8ets less their r&S￿u81 value over their estimated useffijl INOS. DepreaalKJn is provided on the loll(Ming bases.. Fre¢hohJ Pro￿ty Motor vehicles Fixtures and fittings Office equipment - Siraight4ine method 20V. Reducing balance method 150A Slrai9hl-line method 10% Straigh14ine method and 1￿15% reducing balance method depending on a8S8t 200A SlraKJht-line method Computer equpmenl 2.9 Inv•stments Fixed asset investments are a fom) of financial instrument and are Initi'alty recognised at the transaction cost and subsequently measured ot fair value al thg Balance Sheet dale, unless the value cannot be measured reliably in vthieh case tt is measured at cosl18ss impairment. Investment gains and kJsses, whether realised or unreah"sed, are combined and presenied as 'GainsllLossesl on invéstments, in th8 Slal8menl of finarKial aclivrties. Investments in $ubsidHries are val￿1 ai co8t16u provision for impwrnent. 2.10 Stocks stocks ar• valued at th• IDNer of cost net reall50b￿ value after makin9 due allowance for obsolete and slowthmoving stocks. Cost indudes 81 dlrect costs and an appropriate proportion of fixed vwiable overheads. 2.11 D•btors Trade and other debtors are rKognised al the settlement amount after any Irado discounl offered. Prepayments are valued * the amount prepa￿ nel of any trade discounts due. 2.12 C•sh at bank and In hand Cash * bank and in hand In¢ludes cash and $hort-lerm highly liquMI Investments wth a short maturity of throe m￿thS or less from Ihe date of acquisrtion or opening of the dgposil or smilar account. Page 22

GOLD HILL BAPTIST CHURCH IA company Ilmited by guaTant•el NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accountlng policies Icontinuodl 113 Llabilitl•s •nd provlslons Liabilities are reco9ni8ed wh4m thora is ￿ oblbgation at th• Balance sheet date as a resuk of a past event, it is probable that a transfer of economic benefft w￿1 be required in ¥ettlemenl. and the amount ol the 6ettlemenl can be estimated reh'ably. Liabilities are rocognised al the amounl that the company anlicipales it wll pay to settle the debt or tho amounl it has reeeived as adVar￿ed payments for the goods or services it must provide. Provisions are measLtred al the best ¢$limale of the amounts required to settle the obli9atson. the effttt of the time value of tt￿neY 1$ material, the Provision is based on the Pfesent value of thos• amounts. discounted al the pre-tax discount rale that reftecls the nsks spo¢thc to the liability. T nwir#Jing of the disc￿nI fecognised in the SLilwnenl of financial actwrt*s as a finance cosL 2.14 Financlal Instruments The company onty has financial a$86ts and financial liabilities of a kind that qualfy as bax financial instruments. Basic fin￿¢141 instruments are Inrtialty reco9nised al transaction value and subsequently measured at their 5ettlem8nl value wrth the exception of bank kjans which are subsequ8ntty measured at amortis•J cost Using the effective interest method. 2.15 opera￿n91•4#a8 Rentals paid under operating l•ases are charged to the Statement of financid activit￿8 on a straight- ne basis over the leas• temi. 2.18 P•nslons The eompany operate3 a defined contribution pension scheme and the pension char9e represents the amounts Payab￿ ty th8 company to ttr￿ fvnd in respect ofthe yaar. Tho company has set up a Slakeholder P¢nsion Scheme and rnlevanl staff are Offe￿ eontnbutions lo personal pensions within thrèe months of starting service, which are accounted for as they fall dug. The pension charge represents the amounts payable by Ihe company to fund in respect of the year. Pag823

GOLO trMLL BAPTIST CHURCH IA c¢)mpany limlteil by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accounting poll¢les {contlnuedl 117 Fund accounting General fund$ arn unresliKted furrfls ar• Wallab￿ for al the discretion of the Trustees furtherance of the general objectives of the ¢¢ffipany and which have not been designated for other purposes. Des￿nated fur￿$ comprise unrestri¢ted funds that have been set ashJe by the Tnjslees foT particular purposes. The aim and use of each designated fund 1$ sel out in tha notes to the finanoal slalements. Restricted lunds are funds whth are to be US￿ In a¢eordance with sp￿rf￿ restr￿l￿S imposed by dorK)TS or which have been raised by tho ccrfnpany for partlCLtlar purposes. The ¢08ts of raising and dminislerin9 s￿h fvrKls are tharged against th& sp8crfi¢ luThl. The awn arKI u6• of each restncted fund is sel out in th8 Th)tes lo the financial slalements. Investrn8nt Iiic(xne, galni losse8 aro allocated to the appropn'ale fund. Pa9e 24

OOLD FILL BAPTIST CHURCH IA company lImft￿ by guarante•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Crttl¢al accounting estimat•s and •rnas ofJudgm•nt Estimates and judgments aro conlinualty evaluated 8nd are based on hi$lorKal experwice and olher I￿Or$. induding exp&tstions of future •¥ents that are bdiewl lo be reasonable under th• circumstances. CritThl accounting estimates 8Th1 a¥$unyth)ns'. The company makes eslimales and assumptions coneefning the fvture. The r9sulting accounting esb"males and assurytions w￿. by definrtion. seldom ffjual the felat•d actual r•sults. The estimates and assumptions that have a significant risk of causing a material adju$lment lo the carying amounts of aB$ots and liabilits.es wthin the next financial year arg discussed below. Cridcal arnal of judgment.. Tangible fixed assets are depreciated o*r their useful lives taking into account residual values where appropriate. The aclual lives of the assets antj residual values are assessed annually and may vary depgnding on a number of factors_ In rg4$sessing the asset lives, factors such as technological innovation, Pfoducl lifè cycles and maintenance prc4Jrammes are taken into account. Rosidual vthes cons￿er fthure market conditi"orts. the remaining lrfe of the asset and proieded disposal values. Page 25

GOLD HILL BAPTIST CHURCH IA company limlted by gU8r•ntee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Incom• lrnm donatiom and l•gacie* Unrestricted R•strlctèd funds funds X122 2022 Total fvnd• 2022 Anatysls of donatlons Hub Heart Home IHHHI Hope Community Church Mission Fund Fellowship Fund Other Offenng colw￿n other General Fund 631.855 631.855 4.249 3.100 9.824 9.145 12.416 437,696 4.249 3,100 9.824 9,145 5,608 437,6 456.698 651,587 1,108,285 Government grants 89 Total 2022 4S8.698 651.676 1.108,374 Unr8slrict8d Funds 2021 R8Stricl8d Funds 2021 Total l￿dS 2021 Analysls of donatlons Hub Heart Home IHHH Community Church Mission Fund Femmhip Fund Other Offenng Co1￿Ction Other General Fund Gffts lo IndivKluals on behall of the TnJ8t- restricted 270.892 270,892 14.411 12, 740 11,940 14.411 12,740 11.940 2,020 414, 146 2,020 414, 146 430,627 296.372 726,999 Page 26

GOLD HILL BAPTIST CHURCH IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Incom• Irom danatlons and1•gacl8$ Icontlnuedl un￿51￿cl￿d Fund$ Restricted Funds 2021 Tot81 2021 Legaaes Grants Governm¢nt grants 64.747 64,747 9,713 .111 ,713 21,595 28.518 Subtotal 93.263 31.308 124.571 Tot812021 523,890 327,680 851.570 Income fr¢m charltablo actlvltitis Unrestricted Rostrlcted funds funds 2022 2022 Total funds 2022 Uw of Prenwses B¢xJkshcp and Modia UnNue Lkn You 12,365 12.366 12,763 12,853 Unrnstnded Restncled funds lunds 2021 2021 funds 2021 u￿ of Promises Bcokshop and Media UnNue L*• Y 3.150 3, IXI 4,953 4,953 3,985 4,953 8,938 P&Je 27

GOLD HILL BAPTIST CHURCH (A company Ilmlt•d by guar¥rktee) NOTES TO THE FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Investm•nt Incom• Unrestrlcted ftsnds 2022 Total fund• 2021 Rental incryne Bwk intere51 1.250 1,250 1,257 1.257 Unresliycled funds Tol funds 2021 Rental incomè Bank interest 40.553 46 40,553 46 40,599 40, 599 Oth•r Incomlng rnsourc•• Unrmtrlct fvnds 2022 Total funds 2022 Other incomino resour¢es Profft on salg of premise5 32,251 1.133,406 32.251 1,133,406 1,165.657 1.165,657 Ourin9 yoar pre¥ityJs premise$ used by the thiiity arrfl investment propert￿$ w•re sold for a profft of£1,133.406. P•ge 28

GOLD HILL BAPTIST CHURCH IA company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Oth•r incomlng f•SOUWC•S Icontlnu•d Unrnsliycled funds Tot81 funds 2021 Oth•r incoming resour¢o5 5,685 5,685 Analysls ofgrants Granls to In8tltutlons 2022 Total funds 2022 Global Mission and G¢)Id Hlll Ministries 91.843 91.843 Grnnls lo Inslilutions 2021 Total funds 2021 Global Mission Gold HIH ministn.es 99,336 99.336 Page 29

GOLD HILL BAPTIST CHURCH IA company Ilmlted by guarant••l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Analysis of grants Icontlnu•dl Tho company hal mado the folkm.ng malenal grants to Inslilutions during th year. 2022 2021 Anafysls of gr*nts giv•n Granls payablo to Global Mission Payment of Fellowship Donatw)ns 91,843 93. 121 6.215 91,843 99.336 Analysls of oxpondltur• by actlvltl•s Summary by fvnd typ• UThr•strlct•d Restrlctod funds funds 2022 2022 Total 2022 Gh)bal Mission and Gold Hil Mini$tn'88 584,451 154,349 738,UOO Aclivilies und8rtaken directy 2021 Grant nding ol activities 2021 Tolal 2021 Global Mission and Gohj Flill Ministrios Expenditure of Designated Incomo 564.031 79.85 800 643,889 564.031 80,658 644,689 Summary by exp•ndlturo typ• Staff costs Oth•r costs 2022 2022 Total X122 Global Mission arKI Gold Hill Mlnislries 279.650 459.1S) 738,8(￿) Pay 30

GOLD HILL BAPTIST CHURCH IA company Ilmlted by guarant￿) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 MARCH 2022 Analy¥i¥ of expgndltur• by actlvltl•s {contlnuedl Summary by •xpenditurg lyp• (continu￿) Staff costs OU￿rC0st￿ 2021 2021 Total 2021 G￿￿01 Missty)n and Gold Him Ministries Expenditure of Designated In¢ome 317.956 325,933 643,889 317,956 326. 733 644.689 10. An•lysls ol OXP•Dditurg by actiyilles Activilles undertaken directly 2022 Grant fundlng of actlvities 2022 Support costs 2022 Total funds 2022 Global Mission and Gokl Him Ministr￿5 77,138 91,843 $69,819 738.800 Activit￿5 undertaken diTrclly 2021 Grant funding { aclwities 2021 Support costs 2021 Tcrfal fvnds 2021 Global Mission and Gold Hill Ministn8s Expenditure of Designated Income 80.061 800 99,336 464.492 643.889 80.861 99.336 464,492 644, 689 Page 31

GOLD HILL BAPTIST CHURCH (A cornpany limlted by guarante•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOEO 31 MARCH 2022 10. Analysis ol oxpendlture by •ctivitAu {continued} Analysis of dlrect costs ToLIl nds 2022 Tol81 lunds 2021 Expendrture of desunated inctsne Expendrture on bo¢Jk8 and t¥88 Water rates Heal and light Worshy support and events Wi$iting speakers Training costs Ministers expenses and rent Youth projects Prcpety expenses Unique Like You ChLtr¢h Maintenance Hope Communty Church 2,597 383 21,616 12.5S3 1.339 676 1,619 205 5,050 7,816 250 3,369 4,432 16. 108 32.660 4,901 3.651 10,157 10.614 &869 1,600 77,138 80,861 InckKled within Unique Like You costs are cperating l&a•e rontal costs 01 £1.250 {2021.' £15,000) for the rentsl premi$e$. All of the UnNue Like You expenditur• was paffl tr￿￿ rnslrKted funds. with all othor expendiluro bein9 Ufeslncl•J. Page 32

GOLD HILL BAPTIST CHURCH {A company limited ty guarantsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 10. Anatysls of expendStur• by actlvitle8 Icontlnuedl Analysis of support co•ts Totsl funds 2022 Total funds 2021 staff costs Printing. postsge. slatiomry and telephone Computer supplies Subscripti(￿$ Insurance Bank Charges Depreciation Miscellaneous Minibus expenses other *aff costs Irrecovefable debts Hub H•art Hiyne Loss on disposal Grants and donalv)n$ Goveinance costs 279.650 8,606 15.490 3.655 10A29 638 108,893 2,178 317.956 14,830 13,961 3,296 844 457 1,238 1,219 769 16,394 17.039 91.791 36,098 20.001 12,855 18,574 12.493 18,768 $69.819 464.492 11. Audblorn. rnmungrntlon 2022 2021 Fo8¥ paytble to th• cwany's audit￿ for the audit d the c(Ynpany's annual accounts 18,758 17,434 Pago 33

GOLD IULL BAPTIST CHURCH (A company lirnitod by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 12. Staff ¢o•ts 2022 Wages and salaries Social security costs Contribution to defined contributs'on pension schemes 236,955 15.824 26,871 273. 704 17,455 26. 796 279.650 317.955 The average numbor of persons ￿plOYed by tho ccryany durirwJ tho year was a folbw$. 2022 No. 2027 No. Average number of staff 11 14 Th• average hoadcounl expressod a8 fu114ime 8quivalenls was. 2022 No. 2021 No. Ful time aqivthnl No employee re￿Ved romuneratwJn aft￿UntIng to moro than £60,000 in either year. During the year the key management personnel team, fryméd of tho staff of eldern. wor• paid total remuneration of £179,035 {2021. £171,364}. 13. Trust••s' r•muneration and exp•ns Dunng the y88r. no Tru$lets receiNed any rgmuneratson or beneftts f2021- £NILI. During tha yw ended 31 March 2022, no Tfustee expenses have boen irKurr•d (2021- £NIL). Page 34

GOLD HILL BAPTIST CHURCtrI IA company Ilmiled by guarant••l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCtrI 2022 14. Tangible fix•d us•ts Flxtvres and Offic• Computer ffttings •quipm•nl equipmont Freehold Motor PfOPOrty vghi¢les Total Co•t or valuatlon Al 1 April 2021 Additk)ns Disposals Transfers betsveen classes 7,928.931 1￿63.123 1600.4111 16,0001 1201,788 18.602 21.138 116.126) 7.952,533 23,495 2,000,431 1521,53n 102,675 201.788 At 31 March 2022 9.079,855 304,463 23,614 23.495 9.431,427 Dgproelatlon At 1 April 2021 Ch8rge for the year On disposals 30,573 85,886 130.5731 15,000) 5,000 16,126 1,585 116,126 51,699 118,39J 151,6991 20.022 10,900 Al 31 MarGh 2022 85.886 20,022 1.585 10,900 118.393 Not book valu• At 31 Mar¢h 2022 8,993,969 284,441 22.029 12.S96 9.313,034 At 31 March 2021 7,898,358 2,476 7.900.834 Page 35

GOLD HILL BAPTIST CHURCH (A cofflpany limitod by guarantge) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 16. Invostmgnt property Freehold Investment property At l April 2021 Di$posals 1,006,756 11,006,756) Al 31 Mar¢h 2022 During the year th• investment prope￿.0$ wer• •old. 18. Flxed as••t In¥e3tments Inv8$lmonts subsldlary companies Cost or valuation At 1 April 2021 At 31 Ma￿h 2022 Prlnelpal subsldl•rl•s Th• folknwing was • subS￿l8ry undertaking ￿ th• cryny. Nam Company nurnb•r Holding Unique Liké You Limftod 09588313 100% The ¢<ffipany was domiant throughout the period from Inco￿oration. Thèrefore group accounts have not bgen prepared. Al ffix￿1 asg•t in¥estft*nts are hdd in tho UK. Paye 36

GOLD HILL BAPTIST CHURCH {A company Ilmitod by gu•rante•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 17. Stock• 2022 2021 Finished goods and gry)d$ for res 1.02S 3,018 1& Dgbtor• 2022 2021 Due wlthln one y••r Other debtors Prepaymenls and a¢crued irco 211.403 3,055 185. 158 2,831 214,458 18T.989 Page 37

GOLO HILL BAPTIST CHURCH IA company limited by guafanteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YeAR ENDED 31 MARCH 2022 19. CTeditorn.' Amounts falllng due wlthin on• ymr 2022 2027 other toans Other tsxation and %)cial securty Other creditors Ae¢Tuals and deferred inccma 325,018 5,315 173,566 44.445 1.297,476 4,676 599.764 544.433 $48,344 2,446,349 Oth•r lo•n• Int￿ded within other k)ans li £78.018 (2021.. £91.776) due to the B¥tist Union, see furth•r diseh)sure in nole 20. other h)an8 al￿ indude knani to th8 sum of £247,1)YJ12021.' £1,205,700). These have been provided by Church members lo faci1rt3t• the purchase and build of Tho Hub. Church Lane. other credllovs Included wthln other credrtorn aro fvnds I￿￿j as agent. DUIK￿ the year incOw￿ of £24.383 12021.. £18,1)021 was col￿ted on behalf of other charitable organ15alions. Paymènts made lo charitable organisalion5 of fund8 collected lolalled £25,815 (2021.. £17,780). Fund8 not yet paKI over and recognised wtthin other creditors al year end totsl £4.361 12021.. £5,793). Cf•ditorn'. Amounts falling du• after mor• than one year 2022 2021 1,619.692 1.381.548 Oth•r loans A• •t the year end the charty had a knan 4wth thè Baptist Union Corporation Limrted (Baptist Union). This consists of loan8 that have b68n previously granted and combined into one. At the year end this was repayable over 1 S years at a variable interest rale wrth minimum monthly payments of £11.286. Tho Baptist Union is secured ty a fixed charge ow the freehokl Property owned ty the charty. T￿ Hub. Church Lane. Other loans al80 includo loans to th8 sum of £100,000 (2021.. £25.0001. Theso have been provided by Churth members lo lacilitate thg Pufchase and bulkl of The Hub, Church Lane. Page 38

GOLD HILL BAPnST CHURCH IA company Ilmit*d by guaranlwl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 21. Ststement of funds ststern•nt of fund• • curygnt y••r Balance at 31 March 2022 8alance al 1 April 2021 Trnnsfers inlout Income Expenditure unrestrict￿ fund• 0￿19n4t￿ funds Property Fund Mission Fund {Part Fellowshy Fund (Part) Lower Road Grfts lo Mission Fund Other DesBnaled Gffts Hope Communrty Church 845,869 16.OJO 1845,8691 85,474 186,2931 15,211 4,834 3,737 3.737 22,577 S.760 126 11,809) 112,3151 110.009 8.578 899,255 4,374 188.102) (782.7191 32,808 G￿Oral fund• General Funds - al fiJnd• Revaluation re8eNe 415,503 1.086,938 1,632,IX)1 1496,349) 2.234.642 11.086.9381 3.785,797 1,$02.441 1.632.001 1496,349} 1,147.704 3,785,797 T(•tsl Unrn8trlcl•d fvnd• 2A01,696 1.636,375 1584.4511 364,985 3.818,605 R•strleted fund• Fellowship FuThd (Part) UnK4ue Like You Mi58Kryn Sundry Gifts Man88 Fund Hub Heart Homo Communty Mission Fund Sponsorship of Pastor G￿$ of Individual Churth Member Othgr Restncted Gifts 22,012 9,824 179 3,100 31.836 {4.0911 16,$601 3,912 5.405 27.770 27,TTO

92,476 3,382.217 9.112 1392,476 8.159 631 1140,2071 122} 3.882,024 3.228 19721 13,452 24.688 Page 39

GOLD HILL BAPTIST CHURCH IA company Ilmit•d by guarants*) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 21. Statement of funds {contlnuedl Statsmont ollund•- current yoar Icontlnuedl Balance at 31 March 2022 Balance at 1 Aprll 2021 Transf•rs inlout Inc<Mn• Expondltur• Minibus Fund Foodbank Refugee response 2S,085 130 1.337 2,113 26,195 11.336) 902 1.038 3.875,698 651,766 1154.349} 1364,9851 4,008,130 Totsl of funds 6.277,394 2.288.141 {738.8001 7.826.735 P40 40

GOLD HILL BAPTIST CHURCH (A COm￿nY Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 21. Stat•ment of funds (conlinuedl Statèment of fvnd•- prlor year Balance 81 31 March 2021 B8lanco at 1 Awil 2020 Trans1815 i￿out IrKomg Expenditure Unr•stricted funds 0￿19nated fund• Propety Fund Mission Fund (Part) Fellowship Fund (Part) Ltr*8r Road Gffts lo MiSs￿n FurKI Community Mission Fund Othèr Designated Gffts Hope Community Church 845,869 24,166 845,869 16.030 4,834 3, 737 448 (88,236) 80,1 3,737 448 3,318 22,5TT (3.318) 22,577 5, 760 14,411 (3.651) (5,lJX+) ,949 14.411 (91,887) Tl,782 899,255 General fund¥ General Funds- al fundi Revaluati￿ reserve 459,601 1.086,938 561. 101 (472, 144) If33.055) 415, 1,086,938 1.546,539 561. 101 (472. 144) (133,055) 1,503,441 Tol•1 Unre8trlcted fund• 2.451,488 575,512 (564,031) (61,273) 2,401,696 Re¥trlcted funds Fellowship Fund (P￿t) Unique Like You Mission SurKlry Gift8 Manw Fund Hub He•rt Home Community m￿s1on FurKI Sponsorship ol Pastor 16,287 If,940 25.194 12,740 (6,215J (32,660) {4,885) 22,012 7,466 (704) 734 27, 770 392,476 3.093.024 7,885 27,770 392,476 3,382.217 9.112 115 2TO.892 (36.098) 54,399 112 115 Page41

GOLD HILL BAPTIST CHURCH IA Company IlmSted ty guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 21. Statement ol fvnds Icontinuedl Statement of fvnds - prfor year {contlnuedl Balance al 31 Ma￿h 2021 Balance al l Apnl 2020 Transfers in/oul Income Expenditur Gifts of Individual Church Member Other Restricted Gifts Minibus Fund 66 8,980 15,352 800 (8CQJ 66 8,980 25,065 9,713 3,563,804 331,279 (80,658) 61,273 3,875,698 T¢)tal of funds 6,015,292 906. 791 (644,689) 6,277, 394 Summary offunds Summary of funds- currènt year Balance at 31 March 2022 Balanc• al 1 Aprll 2021 Transfe Inlout Income Expenditure Designated fijnds Generdl fvnds R8$tTiCted fiJnd$ 899,255 1.502.441 3.875,698 4.374 1.632.001 651.786 188,102} 1782,719) 32,808 1496,349} 1.147,704 3,78S,797 {154,349} 1364,985) 4.008,130 6.2ri.394 2,288.141 1738,8001 7.826.735 Page 42

GOLD HILL BAPTIST CHURCH IA comp•ny limit•d by guaranto•1 NOTES TO ThE FIPIANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Summary of fund• IcontSnuedl Summary offund•. prloryear Balance al 31 March 2021 Balanc& al l Ap￿ 2020 Translers I￿Oul Incom Exp&thYilure Designated fvnd$ General funds Restricted funds 904.949 1,516,539 3,563, 14.411 561, 101 331,2T9 (91.887) 71,782 899,255 (472, 144) {133,055J 1,502,441 (80,658) 61,273 3,8T5,698 6,015,292 906.791 1644,689) 6,277.394 Analysis ol fi•t a8••t• between fund• Analysls of not •s••ts belween fund• - Current year Unre$lrlctod R•stricled nd• funds 2022 2022 Totsl funds 2022 Tangible fixed assets Fixed asset investments Current assèts Creditots due wlthln ona year Credrtois due in more than one ye 3,947,048 5.365.986 9,313,034 504,841 176,895 681,736 1480,687) 167,6571 1548.3441 11 $2 5981 11.467,0941 {1.619,692} Total 3,818.605 4.008,130 7,826.735 Page 43

GOLD HILL BAPTIST CHURCH (A company Ilmlted ty guarants•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 23. AnItys￿ of net •s•ets behveen fund• Icontlnuedl Anatysig of not asMt• be￿o¢n funds- prlor y•ar Unreslricl8d Restricled funds lunds 2021 2021 2021 Tangible fixed a¥wts Fixod asset investrnenls Investment propety Curyent assets Creditors due within one yèar Creditors due in more than on& ye•r 331.666 7.569. 168 7.W.834 1,006.756 1.006, 756 1.096.695 101,005 1. 197, 7LIO {33.422) (2.412.927) (2,446,349) (1,381,548) (1,381.548) Total 2.401,696 3,875,698 6.277,394 Reconclllatlon of net movement In lund• to n•t cuh flow from operatlng actlvltl•s 2022 2021 N•t income lor the year {as per Statement of Financial Activrties) 1.549,341 262. 103 AdJu$tmgnts for. Deprecmlion charges OivKdends, interests and rents from investments Lossllprofill on the Sale (rf fixed well Decrease in Stocks Increase in deblc Oecreasa in creditors 118,393 1,238 11.2671 (40.600) 11,133.4061 20,(￿1 1.993 2,215 {26,4691 (67,583) (845.7391 (138,996) N•t cash pio¥ld•d byllused Inl operntlng actlvltl (337.144 38.378 Page 44

GOLD HILL BAPTIST CHURCH IA ¢ompany Ilmitfjd by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 URCH 2022 2& Analys•J ol and ¢uh wulvalents 2022 2021 Cash in h￿d Notu deposits Ilw than 3 months) 208.157 258,096 705,556 301, 137 Tot•1 cuh and ¢#h equlval•nts 466,253 Y,C06.693 Analy¥ii of ch•ng88 In n•t d•bt At 1 Aprll 2021 Ca•h flows At 31 March 2022 Cash at bank and In hand Debt due within 1 year Debt due after 1 year 1,006.693 (540,440} 466,253 11.297.476) 972,458 1325,0181 11.381.548} 1238,144) 11,619,692) 11,672,331} 193,874 11,478,457) Capital ￿Mmitmants 2022 2021 Contfactod for not Provid￿ In th•￿ financial statem•nl• Purcha6e. constructvJn or deveWff￿nI of tangible f￿￿ assets 34,5SO l. T82. 742 28. Pension commitments company contribute8 to individual's mow purchase pension schemes. The assets of the scheme are hekJ separately from those of the company in an independently adminislefed fund. The pension cost charge represents contributions payable by the company lo the fund and amounted lo £26,871 {2021 £26,796). All pension expenditure is unrestricted. Contributions tolalSing £105 {2021- £1,448) were payable lo the lund al th• b81ance Sheet date and are included in creditors. Pa9e 45

GOLD HILL BAPTIST CHURCH IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 29. Opgrating l•a$• commitmonts Al 31 March 2022 the company had commitments to make future minimum lease payments under non- cancellable operating lease5 as follows.. 2022 2021 Not later than 1 year Later than 1 year and not later than 5 years 1.987 7,783 2.570 9,770 2,570 30. Mombèrn. liability Eaeh member of the charitable company undertakes to contribthe to the assets of the company in th& event of It being wound up while helshe is a member, or within year after helshe ceases to bo member, such amount as may be required, not exceeding £1 for the debts and liabilities contraeted before helshe cea$e$ to be a mernber. 31. Relatgd party trnn$actions The Gold Hill Church Trust is a separate charity eslablished in 1966 to advance the Christian Faith and exercise Christian charity by making grants to Gold Hill Baptist Church and others. The Church can exercise signrfieanl influence over the appointment of Trustees of the Trust but as part of the purpose of the Trust was to provide a degree of independence for the donors to the Trust rt is not thought appropriate to consolidate the financial statements of the Trust with those of the Church. In practice most giving to the Church is given the Trust. Income received from the Trust during the year lotallgd £1,046,79912021'. £734.712). At the year end, there is £170,27912021.. £104,700) included wrthin other debtors which was collected in March 2022. 32. Controlllng plrty There is no ultimate controlling party. Page 46

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