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" &ff*live 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 appointff*nt 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 princr*18s 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. Opor*ion¥. 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 cre*e 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$¢w￿e rt. The Church is a key player in the main local community events in the year. the summer festival on Gold Hill Common Ichalfonl St Peter Feast Day} and provides a team of volLtnleer worters for the set-up, running and sel-down of the faalrties. also for Village Fun Night, held in It￿ village centre on the first Fnday of 0￿Mber, for which the Church opens the doors of its cafe for tea, coffee and mince pies. arKI has a visible presence wrth a st*1 lo inleracl with and encourage the l¢xal community. On a Monday. the Foyer has been open as a P￿rIC working space {hosling a number of lo¢al individuals 'working from home'l. Since eaty Spring, the Hub has ho$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 Rc*ertSWO¢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 n*4V 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 tr*mber 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 $LbPPOrt of particular ministries are used for that pury)ose ar￿ lor recommending and administering the genefal oveiseas giving of the Church. ¢. Prin¢lpal ri*k8 •nd un¢•rtainties As a charty. the Chureh faces a number of principal ri8ks and uncertainties. The most severe would be a substantial drop in income which is largely ￿lIant on the giving of church members. Another risk WC￿ld be a reduction in the number of volunteers who are prepared to offer their t*ne to enable the Church lo achieve acl1vrt￿5. The Church could also be affected by ¢)theT macro*¢onomic rtsks which may affect the UK economy. During the financial year, Covid-19 irnpacled the church through closuie ol the buildinglsile and thè impacl of this ￿maInS under review. The longer4erm impact is expected to become tharer a8 the pandemic weakens and wrth Tesumption of nornMI actsvity. d. ReseNes policy The Trustees have agreed • tsrget res¢p￿ poI￿Y (namely enough to cover thrne months. expendilurel and ￿11 take steps lo implement this policy as and when surplus funds are available. The Church believes in the grace ol God and is grateful for the Sacrifi￿al giving of our member5 to provide for our financial needs as they anse. The Church believes that monie5 should be utilijed for the fvrtherance of the woth of the Church in the community 88 soon as rt 1$ 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 C*ft 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 (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 W*es. 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 pwic92,476 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