R•gI￿red numb•r. 08043770 Ch•rity numb•r: 1147984 GOLD HILL BAPTISTCHURCi4 (A Company Urnit￿ by Guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 'ACEHCYUH* T9110￿3 COk4PANIES HOUSE A14 #182 GOLD HILL BAPTIST CHURCH {A Company Umit•d by GuaTant•e) CONTENTS Rof•r•rK• and Admlnlstratfv• Delalls of th• Company. tt8 Tnjstms and Advisg 2-10 Ind•p•nd•nt Auditorn. R¢port oh th• FlhwKl•l Slat•m Stal8ffl•ht ￿ Flnanclal Athltles 15 Balanc• Sh•8t 16-17 statom•nt of C4¥h Fl 18 Not•s to th• FlnaThcl•l Slatem•Dts 19-45 GOLD HILL BAPTIST CHURCH (A Company Limited ty Gu•rant••) REFERENC£ AND ADMINISTRATNE DETAILS OF THE COIIPANY. rrs TRUSTEES AND ADMseRS FOR ThE YEAR ENDED 31 PIARCH 2023 Tmst•8s stewart &'slM¥*. TnJ5tee (res¥r￿ 24 No¥embef 2022) Guy Pathin, Twst Antontra Castro, Trustee SteFth&) Rayw. Trustee {rnsigned 30 20221 Revertnd Stephen James Walker.VAliams, Trustee •arion Lugard. Tftth lappoinl•d 11 D&•mber 2022) Company reglsternd numb•r 08043770 Char6ty rnglster•d number 1147984 Reglsl•red offl¢• Th¢ Hub Chur¢h Lane Cfvatlont St P*r Buckinghamshir• SL9 9RF C¢>myny sxvthy J R Gle Independent •udltorn Shw Gibb$ {Audil) Limiled Statutory Aud*0 Unton Roal Famh•m Suffey 8ank• National Weslminster Bank 250 Bishopsgate London EC2M 44A Sollcltorn Anthony Callirts 134 Edmund Str Bimlingha 83 2ES Page 1 GOLD ￿LL BAPTIST CHURCH (A Cornpany Umit•d by Guarantw) TrUSTEES' REPORT FOR ThE YEAR ENDED 31 MARCH 2023 The Trustees, who arn Eldern of the Chuth. akn diiectcKs of thg charity for the PUWise5 of Ihe Companies Art) present thwr armual report together with the audror 8043770 and was set up by a Memor•nthMn d Assrfiakn on 20 Awl 2012. The Mmpany Is a ￿gistered Charity number 1147984. Th? objects ofthfr ¢4ryary arn." The advanc•nwrt of th• christi￿ fadh according to Ih prinoples and Wacti￿$ of the Bapkn'st denominatton. i. Other thw*able in the ih%ted Ifmykni fnyor other parts Oft￿wa￿. Ther6 have been no clwvjes in the obiedi¥os Il* last Annual fewL b. Mlstslon of th• GhurGh- •lms and obixlives Gold Hill seeks to be an authentr Christ4*e ￿r(￿TrUnty, encounlwing God. making disciple$ and transfomiiftg w￿ld. The Church $8oks to R•a¢h: RestoR and Release people in kncal ¢ommunty as well as into the wmlèr worbj. The miSsic￿ 1$ fulfiled through tho folkywww depart￿ *MJ ￿les. vjtiich. during Ihe year end¢d 31 March 2023 **ero.' Day to day rnanagern￿t is d•leg*¢d to the pec* ltsled beh 1. Church Lifo Ministy." Strattyic Pfay¢r. DisoOeshKo WMI memknhw.. Staff Ltadershlp.- Stephen Wa*•r-IAIItr'*ns 2. Vlornhip & En￿•nE¢T (Ird Gathe￿rIa$ Ind￿111￿j o￿A8 Wese￿¢. Teclvwal T￿1. Il*kome Team)-t05ks shared betrKon ￿t￿rItarn mthmber 3. Mlsston. Outraach, E*angeftsm. Clwrt* PLarlirwJ, Cr05$4thlurnl Missw . ￿1 Mission. stthen W8L*¢r-IMlli8ms 4. Chihlren arvj Ytxth Minisby. SI￿￿ Trlmlw4ir S. Cornm￿￿ Lits Ic¢al ￿$s11)rt a¢i¥TbtrS arnl w oltt* HHH-JW &rnfflons premis•s, carvtakingl. Joyc• Gl>Jha 8. Finan￿ T•om-Jokn S•Jl AN Elders afo ap￿In1¢d by ffleM1￿ at a Church Meeting. There is a team of Oeacons representing a wide range of ministries activitsis. who are also e￿ed ty ffwr*ers at a Church Moetw and who are appowiled to assist the Elders to undert*e thetr respowbtht Page 2 GOLD HILL BAPTIST CHURCH (A Comp•ny Umlted ty Guarant••) TRUSTEES. REPORT ICONnNUED) FOR THE YEAR ENDED 31 MARCH 2023 Oryanls•tiMal stnthrn; De¢l8itin maklng: Inductlon and trainlng of tnth•s As at 31 Mar¢h 2023 lh• Church had ¢irca 331 lun Churt* members on its records. cKca 60 addittonal regular attenders. (with a fthher circa 255 maintsffiing associabon with Gohl Hill as Friends). The members are inwted 1¢ meet four tims a year * a Church PAeebng to rewevl the activit*s of th8 Churth ar#1 make key decisions on strategy and finance. presented by the Elder& as a5 appro¥ir¥J kay appointments. There is an elxled Churth Counul. Wh￿ consists of th8 eleded Eldws ekcted l)eacons and further elected Church Tepres8ntatNe$. The Church C￿Jnal n￿ts ftyjr times a year kn ￿nS￿ler r• ￿lIlatIveS and plans presented by th8 Ehlern prforlo Pfesenlation tt) the Church Olr•Gtors: Tntsteos: Eldovs & Trnlnlng The C¢)mpany has a nurnber of Elders ¥tho are also and Charty Tntsteos of lh• C￿nPanY. Thos•￿0 have held thi$ posrtion during Ihe year eftd•J 31 Marth 2023 and as at 26 September 2023 lunless otherwise stated). being tho18st date possbkn prior to the publicalion of ttys docuFrwitwèr• as foll￿*$. Stewart Bishop Iresgned 24 Nowmber2022) Guy Pathin Stephen Rayner (resigned 30 June 2022) Antonia Caslle Rev Stephen Wa*er-Wlliafns Marfon Lugard (appoir+ted 11 Dec￿ 2022) The Company's constitution specifies that maionty of t)irnctots and Charity Trustees must be nonpsalaried members of the Church. There ar• a nwnber of other paid emknes ofthe Chuvth who are abso Elders of the Chur¢h. Those who hwe heid this dunn9 the yèar ended 31 March 2023 and as * 26 September 2023 (athor than as sl*ed). beirq thfr last date p055bie pmr to Ihe Publ￿￿7 of this d￿rnent wore as foll¢xs' Jackie Buie and ffinding ways lo sh*• the m•ssage ol Jesus with dhers. There are groups m¢¢ting wilhin Challont St Petsf. as t￿1 as groups meeting across the wider Pxality. fellecting the geograph￿01 makeup of our thurch la￿ty. Our Life Gro￿ leasJ&3 continue to do a brillwtjob at supwrtin9 thèir groups and provii*n9 leadership. As as th• re9uI•T. ye•r4D￿d groups. thern b¢en seasonal Eypfore Groups, that me•t for a s•t wiod for something morn focused, th* bfr lar Chftstians eXp￿AN9 farth deepty using srynthng like th• Fleeting Shadows lent series orfor reaching ¢xrt wth farth through ourAlpha r4ursè. SIK)rt 7•nn Mlssion EvènL% Quring Ihg year to 31 March 2023. thè Clwrch has SL¥wtsd sèhwal $hort4emi rnission initoti¥e5. Local Mlsslon In tho Gornmunlty The Church has continued to have another successfvl year seMn9 Ihe communty in addition to sévernl lttal courses and communty initiatives. Durin9 the y. the Church con¢ttwed ow partnership with CSP Youth Centre. which we support on behalf ofthe communty. by prowding som& ￿t￿nI8¢r5. Over the coming year we to fonw and strer¥Jth8n partnershy with the Yoth Céntre. Tho Church fA)ff¢e $hop that operated many ye•$ in village and traded tndependenlty under the namè of Gold Hil (Braad H¢)uso1 Ltd Ihe BREADHOUSE dosed wilh effecl from December 2022. The opportunity to enhance the reach thal we arn ats￿ to have in the comrrwdty thmugh offering an arts ar￿ uafts f¥ilty ulled 'Unlque Like You, continues to opefate from tr* buddiThJ. Toddler Prdise has conlinLted to welc4Th parenls. carern and Ihw pr￿sCh¢)01 childreri on to the premk8e$ on a Friday momin9', wilh child atterthrte rnngiw berween 40 and 70 per se55ion. nighl (previously known a5 Plunge Plus>, 7-11s Friday evening Chiklren's Club ewa9es with tho kul Cofnmunity and has a chrfd attendance ranging from 3NO. In additior*, tho Church wemisas will Contin￿ to bè used ty LAKTERNS. a Montal Health Day Cara Cantre enabled Ihwh 8uckingh8mshire Mind. on a Tuesday.. Gold H￿1 has dev¢l¢)ped a Seniors. W, and Ihk% altracts over 35 senior people eath *ek e¥wy Wednesday. It has had a real impact on the communty partKularfy as this area 01 ha$ l)8on idenlbW by the County Council and Ihey are not able to resource IL Pago 4 GOLD HILL BAPTIST CHURCH (A Company Lknit•d by Guarnnlee) TRUSTEES. REPORT ICOtfflMUED) FOR THE YEAR ENfkD 31 klARCH 2023 Tha Chur¢h is a key player in the tK+ main hxal ctyNNnty the ye¥. ttrK* summer festival on Gold Hill Common (Chawonl St Peter Feast Day) 8ThJ provides a toam of volunteer WOTkers for the set4JP, funning and set41¢ywn of the facilitses.. atso lor Vdlage Fun N*3ht. held in lh¢ vfllage eentre on th8 first Ffiday of December. for Th*)tch th8 Ch(wch opens the ￿￿1$ of ts cafo fty l* ¢dfe8 mirK* ws. and has a vi8ibl• presenc• wrth a stal lo interact wnh and enG￿rage th8 loial cunmunty. On o Monday. the Foyer has been qxn as a wothing spao (ho$tiw a number of local tndivtduats Yo￿1ng fmm hcMr*'l. Sin¢e eaty Spring, the Hub has hosled a Ukraine Café - welcoming Ukrnine guests staying in the ioc4ty wdh a *ce of conne¢tK)n. ar￿ thereby ￿p1)g to ￿entity their needs- with some being Met on site. as *wtc￿eekIY larquagt lessM5. and promsion of cblhin9 other artides requiRd. Th fflinisty at the Hub has been wnised as a tontse of k¢al response to tho Ukr8inknin confiKt. The Hub ha5 aL¥o been used to suppryt c(¥nmun*y Iwlth ffi a var*ty of ways.. hosting th• annual Flu Ch"nic. enabling the local Primary Care NetrArJth lo Meet for both planning and trninwbg. acting a5 a base for C¢mmun￿l He* Wsittys to host individual meetings with pwents and Chiklren and run earfy years parenting ¢ourses. A menlal he*tlthvellbeing group was also fun at the Hub o¥w a period of 124¥eeks. and a rtnge of activbties promoling Physi￿ fftness atso pro¥kded. L￿al schools have held bolh Chri$trnas atvj full.school as8embl¢s in the rnain audilorNJffL Tho opening of the fyjikling wwblad a d•*caW to b• al¢¢atod to ow Foodbank opw*itsn. Partnering with Ihe Tru5sell Trust Foodbank in Chesham. wo now both receive donations. and an average dolN¢r fth>J parcfjts to arwnd 10 H) the village perTA*ek. witti demand continuing lo graw. Chlldrnn and Young Peoplo Our investment in tho Children and Youth oltyjrchuth StsTr(xThJin9 communtsi is ¢xlrem8ly importanL Our Children Y¢Julh Minister. Shona Hunter-singh ¢4)ntinues to provKle excellent oversNJht of this area. W¢ have regularty 50 Y￿Jry peoplo *larnlin9 the thurch Y￿ group$ and betr*een 81>100 fami1*5 in the village connecting with at the Youth Certh during we& Our Chiklren's ministry conlinues have a hugety positive impact on the Children in th• churth and eommunty swng 9￿¥￿h wilhin nlld-week grnups. Events during the year hm laffJety been in¢redibty wdl attended indudry parties in October. Christmas. Easter and for Year 6s. Our Children's and Youth WO￿ minisliies continues to bo supported and resourced in Ihe rnain by volunteer5. Our volunteers. amazing dedication is apprKoted by p*ents, ¢arers and the *rydor Church family and communty. Ourfng Ih year. ￿ ¢￿tInUed to se8 pwents. apprtciation of the wious aclNrt￿ provlded for Children and youn9 peopl& Th? chik1ren continued inviting tlw ￿fid$ lo mi&week activttw2s. We have continued lo ¢aTe for ond teach over 100 chldren exh Sunday •nd our m￿-Week chrldren'$ club. Hub Night. reaches out to the local cornmunity and has seen si9nfficant increases in *lendance. In addition. our s¢h¢)01s has developed Parti￿J1arty * Rober￿ sdKI￿ wueasth at thp Chalfonts Cc#nrnunly Colw. Young Advlts Wo are of thg dtffA>Jities ￿1￿j a n￿thr ol y￿ft9 aduh are away from home (studying). A x*ial togethw wrth k)cal adutts was heid lo commencement ol their sludy year. A volunteer 1oad•r fof Ihis agelstage t￿8 Subsequ￿NY affaThJed a number of s￿181 9atheringS to tA￿Urage more conne¢twity. promoted ￿line connection and eslablishednacilitated two Young Aduft Lrfe Groups. Another volunteer teader holds a speual Univetsty preparation. session Ai thfr eaty autumn to help prepare ne students as they lea￿ home, and this inchJdes informatw)n and advte ffom other more Seasoned sludents. Ov•r SO James Slrnmty￿ owse¢s ow frf¢ slage mwiistry and ￿nkS in T*ith th¢ Seniors. Ministry. coordinated by a Church volunteer. This group aims In to pmid8 a rnngo Of acts¥ths and ser¥ices p¥tKulwfy aimed * the Seniors. (over 805) 890 gmup. Page S GOLD HILL OAPTIST CHURCH (A Comp•ny Limlted by Guar•nt•e) TRUSTEES. REPORT ICONnNUEDI FOR THE YEAR ENDED 31 MARCH 2D23 Pastoral Care There are many Pastornl Care lakes pkn at Gohj HIL Much paslw* care is carried quite unconsciousty as members oul for one anolher ald as Ihey meet wiihin the various small groups ertiodied in Churth lile. The Coro Past+)ral Team. in C¢nIur￿l1Tr T*Kh pastoTrl eldws and ¢¢￿1n8t¢d by Jackie 8uie. tak85 overarching respon5ibAty fcr en9Jrsn9 that SPEcif(c pastoral needs in the lellowship are idonlthed and meL Since Jackie's departure in Octobw 2tr22. Stephen Walker-Will4•ns has takon a lead in this area In addityon to supw)rting $m•ll group leadets in the provision of care, the Tgam prioritises support for the eldety. the h)usel)wnd, thos• hosprta*d. tt￿6 li dwnaging relgtKJnship$ and Ihose berewed. Gold Hill has establi5h¢d 8 CAP Debt Ctyjr￿r9 Centre in partnefshio with Emmanuel Church Chesham. King's Church Arne￿arn and St Gerrards Cross. Th5s pmvides free debt C4Unselling in people's own homes is supported ty th• restyjrces & expwien¢e of the n*'t)nal CAP (ChrI￿lAn% 89ainst Poverty) organi5alion. As referred to aboNE, Gohy Hlll also I'nks to the F*Jod Banks in Chesham & Amer5ham that distribute fwd to thosé vkno are in r*ed. and Ihis has been an imprylanl arna of rnini51ry to many during Ihe periods of 'hxkd(Mn'. To this end providè food Nruchers lo ary call into the church olfice and can prove their level af need. In addition, sinc4 ￿d(￿n for the Covi&19 season, Gokl HIH has boen a delivery Point f¢r Ihe Fo￿j Bank to Ollf very local comunity and drnpoff port for d(Thtions. Prayer is a vilal wl of Gold HVA Baplisl Church, aNI al rnembèrn arn enctyjfaged to have their own personal prayer IKe. bth Ihis is supported by the offer of prayar I￿1$￿ al ay our Sunday seplices. There is an Ofganized prayer ¢ha￿ lor parficular needs. and the ehjws afe canmutted to prny for exh member ofthe church within the year. There is a dedicatod prayor room in the church buKding, whKh may be booked ty the hour for eit￿r indFMdual or group use. Chur¢h pAy•r thenirgs are aryanged 6 tirns per year. typicalty with a drfler8nt themehttus on each 4xcasion. Gold Hill linked togetrer wilh several other k￿1 Churches in our areo to hold 2+hour Pfayw sessions IOT our e(rnunilies: bssues arKI matters affecting the wider Worfd. Both 2022 and 2023 saw exh year SW by setting aside January with a month of prayer. Ouring January 2023, W8 encouraged everyone to pray eath day. indudiTrs a day ¢* fasting onc• per week. We also use a dedicated ayer in our buikling can ￿ used tr prayw. Ols¢lpl•ship Ouring thbs year. has continued to plan and implement 8 '0istypleship P*hway' at Gokl Hitl This is an attempt to create a deaty defined str￿1￿8 so that thpry pewn *tho conr*cts wlh our ¢hurth cgn be powefed and enablgd to lake steps forwarf in faith Jesus. It i￿ludeS a mixture of r•sources and guides, well as painting a pidurn for wple of vthat gr¢xry rnatwity in faith looks like. Global Ml*sion The Cro5￿Ult￿ay Te•n wovides fffAncial. prayer and othw prarthal $upport to overseas wothers. The58 . Partnets have been fomialty 98l¢ded and are. in most c￿, profe55ionalty trained and qualified for Ihoir Yocations. Their assvjnments arv fom)aity assessed and app[(t￿l by thg Cro$s4uttural Team. Their PUfPOS8 15 to establish ar¢d build the Church vartous hxalwis around the worfd.. this be by bibl8 translation, evangelism. pro￿￿￿9 support sw¥ices, drug rehth'litation. support ministr￿5 among the poor and trnining. Thty aro supported finan¢ialty 81 drferent le¥ei% accorfing to a siandard set ol principles that 1$ applied consistently. such as assessing thew needs (dependent M locati¢)n. famlty and wothing requirements), other means of support and in¢ome and the Church's thlity to fund thwn. During tha year there wore 10 individuals or couples, who receibTd financial suppo Page 6 GOLD HILL eAPTIST CHURCH IA Ci>mp*ny Llmlt•d by Gumnt•• TRUSTEES. REpoirr (coKriNUED) FOR ThE YEAR ENDED 31 MARCH 2023 Lac41 Chuv¢h Partn•tshlpg Gold Hill Baplist Church continues to mairrtan links whh provides attvice. Speake￿ and support to 10¢81 Churthes. Thero is 0 growiNJ defflaf￿ for and c¢rKem for partneriThJ with many other local Churches, and links With th•s8 will be further examined and devdoped duiin9 the comin9 ye¥. Regul•r meelirvjs are held wilh leadern of t)ther l¢xa Churc1￿ in ￿1h Bucks. the aim together to roa¢h the re9ion wlh the Gospel ar#8 ￿ the church fenewed. A smaller grnp of Baptist Churches have recently launched the South 8u¢ks Networt wlh thes¢ •ms. Stephen has strategr o¥ersighl of this n8lwoth. N•w 8uildlng PToJ¢d and olhr pmperty fflalt• Gold Hll signed a Build and Dèsign contrad *ith JaNs Conlracling Lifflted and building woth ttxA( place durin9 2020121. The bu￿lIng, wttth is called the'trhjb" VAS conwleled ar¢d handed over to Gotd Hill in September 2021. Tho agreed contract prtce lor the building arnounted lo £6,450,000 with an additional sum ot t439.345 to e4ver professional fees. audK* ￿SUal and fft out rA)Sts. In Decernbw 2021. ts Baptist Un￿￿n a9reed to grant a fvrther loan to the Church and to Consolmlate 31 th8 1)utstandlng Icons that it has into ane new loan totsllin9 £1,611.502 Ib*rto a5 at 31 Mart* 2023: £1.529.135) is wabl• 0￿r 15 yea￿. Gold Hill wern notified that hrvis ¢ontracb"ng irnited had entered into Admfftistration on 28 FebNary 2023. Professional •JvtCo is being sougm concemin9 the treatrft￿ ofthe retenti¢)n fvnds that afe held by Gdd Hill. Wrth regard to a secbon of land that is ulmed The Chaifonts Chrisban Trns( ¢8lled the"LNer Roarf. the Chur¢h h85 laken steps to ensure thal gcrfxl s¥Jna9e foncing have bgon ¢rocled ￿ Iho Site and that 9￿1 site managerreftt 18 undtytsken. f3old Hlll Carn The Church has a ¥ery dose assooats¢)n Gokl Hill Care. which 15 located near to th• Chur¢lt and was estsblish8d as a separnte OT9anisalK*n ty a previaus mmber of the Church, Pf+)vidin9 ordinary and spec￿1$1 demeniH care and sheltered ac¢amrrMxlation ft¥ tr* e￿. for ¢Mr SO yo¥& chU￿h eontinues to have a cknse vthing relationsh￿ with Gotd Hill c￿e. Grant maktng poll¢lfjs Grants ore made by tho Chuffth to both UK and intema￿l to lurtl*r Iheir and in accordance with the mission obJxtN¢s ofthe Church. A¢hi•¥•m•nts •nd p•rforM￿ Golng ¢onc•rn After makin9 approprFate enquir*s. Ihe INslees have a reasonable expectation that the company has adeqLtale sources to continue in operational eyistw forlhe foreseeable future. F¢x this reason. they continue to adopt Ihe going c4yKern basi$ in prepaiin9 tho financial slater[￿l& Further dataas regarding the adoptK*n of the goiTrJ concem basis can bg found in th• Acc¢uthg Pol* b. Supptsrt of oth•r wo The Churth supports various ¢)ther rninistries and charilth ty9anisatsons thmugh PmVKl¢tVJ pastoral suppl￿. en¢ouragin9 members to Pfay and by making fvrrfls avatlable. The Cross Cultural Team have responsibility for ensufing restrithd gifts made the supwt of Part￿ular ministries are used for that purpose and for re¢ommending and administering the pr*al Overs￿ gr4ing ofthe Church. c. Prtnclpal rfsks and unoertal As a chwtty, the Church faces a number of pnncipal iisks uncgrtainltes. The mosl sevère would be Substanti￿ drop in income is tary¢ty fekant on the giviNJ of chur¢h members. Another risk would be reduction in the nwnber trf volunteers are prepared to offef the* It￿ lo enable the Church to xhieve ils aclivilies. Th¢ Church cwld ako be affected by ts mauwnomK rtsks which may affed the UK economy. Page 7 GOLD TrIILL BAPTIST CHURCH IA Comp•ry Umltsd by Guarnnteo) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 klARCH 2023 d. R•seTh•s poll¢y The Trnstegs have agreed 3 taryet Trserye * (nThty enou9h to thrw months, expenditur•l and will tske steps to implement this poly as and vAwi Su￿1￿5 furKls aro arailable. The Church believes in the grace ol GOJ and bs gfatefvl for the s¥nficial giving of our rn￿berS to PVJVKlè for rjur financHI n88ds as they arise. Tho Church belie￿ that monRs shouh1 be uldi%ed for the fvrtherarK• of the worf¢ of the Church ui the cornmunty as SQDn as rt is prxtical and ss con$￿TrI orderty wd r85pon$thle 5tewwdshp of the l￿d$ and thè oftho Chur¢h. •. Rlsk policy We maintain a s¥Trpl8 iisk regi5tsr, whic* ¥Jwrt*As mw ￿ to tho ¢antinuvwJ oflho Church tp*thin tha commvnity. ￿ rety on tho gonerous wikial 9ivin9 of tho Churth mentsts to ?Trab￿ our many ministries Wilh￿ tho ctynmunty. As a chanty. Th* also berefft fmm the tsx feliof provided ty the Govemmenvs GiftAid Scheme, whith fjnabt8S U5 to our niNstry c<>mmunty oven mNe effe¢tNdy. f. K•y manag•mert P•￿￿￿￿ Sal3r¢es fc* koy management stsff set by Ihe TnJste8s. who mett * lea* annualty. in acry)rdar￿ with the thaiibes, governing d￿fflents. Local and national are e4￿$1dered. alongShle irtdividua M$po￿lbilfy levels 8nd perfrn. Dwin9 th• ye¥. a slaff r¢stFUCturwig ex¢Nse was ￿MPleted and Iwo g. F•n*nclal r•vi Financial irtome 15 deris*d from ¥￿n1•Y (lorikn rtyular gNir¥ ty the mainly via th# Church Tnjst. Durmg the year under revvw. regul¥ gi¥ffw to th• Genernl Fund increased to £457.61912022'. £434,832). Income to the Hub Hoart project for lh6 yearlotalled £213.031 (2022. £631.855). Full detabls on Financial Income are shthwn in Ncles 4 10 7 on pages 26 to 28. A significant proportKln ol the Chur¢lis inm 1% by w of d¢)nats'on5 to Christian mission and rèlief groups. mostty o¥er5eas or through ther conwrM5*ning wganisation& Tr other main area of eypenditure for chU￿h is that of salaries. -rethided' TAt*n they arn gi¥tn lor a specffic pury)ose. These fvnds genernuy get d55tributed ffi Ihe ffinan¢t* year. excepting thè r￿ed for feserves. Funds are al￿ set aside as designated in orderto fathb'lats trac*ing of unrestsicled as they are spenL Unreslrthd fvnds (vth￿h in thi5 instsnce constitute the Yfe8' reserves) awaiwo at y￿￿end 8ffrf)unted to £Y2.262. These fuThYs wl1 bg used on tho Churth's 0biRCts￿ in Ihe yearlo ¢4m¢. wthlst. whon possiblo. somo fund5 wll be held back to en•blo the Churth to m*t its tty re59Th*s pJliGy. AS thero are no speGrfic investment powers. the maionty of cash reser¥os we kept in irrter8St bearing, 90 I￿tant accoss bank accounts. Plans faf Iirturn p•rlods a. Futur• d•velopments Plans for firture developments buld upon thfr t)ulftned in the Y)bje¢lsbes and ActTriilies' section ab¢)ve as we seek fUrtI￿r aur missN)n. Morn ￿tanty. have moved Ihe focu$ of our vision kngua9e and leade￿hIP lthvard being about ￿n9 people'Reached. Restored and Released in Jesus. namg.. This i8 nc￿ fomiing the focu$ of 811 our plannbNJ. actiwties and direction (tr* bekh¥ 15 from a vision and language update document that was pro¥ided for those in leadership po&b'ons *illvn the church): (h ¢ne le¥01 this ￿Uld b• reaching (Irt and m&krng Mnt8d with people lar Irom God. This is a great Ihtng lo do and challenges us to continue stepping Out and engaging in dèepenin9 relational ￿ntact wilh people who are far from God. Our undetstsnding of ￿Ing people Rart*d needs to go luther. n needs to indude exposure to the Gospel in some way. This rould be a shariry of leslimony. an offerin9 of PAyer. listening lo a talk. a fUl￿n Restornd- rnstty?ngpeop* ts ￿t￿l￿¥￿h11) andin Page 8 130LD HILL BAPTIST CHUflCH IA Company Llmil•d by Guarnnts•) TRUSTEES. REPORT ICONnNUED) FOR THE YEAR ENDED 31 MARCH 2023 As people have gospel convers*ions. w8 Wdy that ¥AII bg an increase in Ihe number of people that make first tim8 ￿rnm￿8nts to Jesus: pe4ie that ara le*0￿d to relth'onship wilh Jesus and as a resull other r8StorJlion IItrw5. increase in people beirKa re#(xed wi Jesus wIKkn and he*. Released- ffjlea&ng G(W$placedWgntslinpeople.' One ofthè key siqns of matunty as a is that ￿ b•¢LYne repffyJucli¥e. joln In the Jesus mission and ministy. Thts area in¢ludes rdeasing pvJpte in their G¢xf 9wèn potenlwl and giftin9 &5 well as ieleasing each discipk we haw contact with to be reproduclr•* disoples ie.. diso'ptes make dis(apl•s. leade￿ rai up other l¢aders and churches that churches. Since. hw• begun la con$isienty l•ad into th0￿ fogjses, tho is iakiftg mor• of a pers¢)nal ownership of the50 objethes as well as colledivoty wortirrfj togeth•T tt> lh8 aim$ *hie¥ed. Tho objedivès hav8 beèn Ir8n$lated into prnyef go* ond atso p￿tte&l steps tn mary drflernnt aroas of church lrfo. with that woth ongoing lo ensure all ￿ are and do ff￿￿$ed tuKJrd goal. Post balan¢• ¥h••t •v• In May and J￿8 2023. the Churth launched a'Gi¥ing fty the Futu￿. appeal to raise l￿d$ in and108n$ two pmiects. Firslty. to reduce our debl on the building and secondty. lo eKplore whelher the Church could Purchase • ne4¥ Manse. Through Ihe generous gNing and prayw of our Church Meft*ern. thts appeal rnised ovgr £600,000 and tho EldOF5 ar• considorr@ ts ngxt steps conceming the proiecls. TNstts8' Respon$iTrillll•s St•l•mert The Truslees (who afe also dire¢lus of Gokl Baptt5t ChLKch for tho PU￿1$0$ of cornpany lawl are respnsible Iw preparing the Tnjstees. rep¢>rt and Ihe fina￿la1 statements in accordane* wrth applicable and United lfjngdcffi AC￿nb"n9 Stsndards ILIthI Kift9tsm Genernlty Ae¢epled Ac£ounting Practicel. Company law requres the Tru*ees to weparp sl*ffnents tr oach fina￿1#1 yoar. Undw company law the Trustees must nat approve the financial slalements unless Ihey are satisfied that they give 8 truo and fair view d th• $t*• d affairs ol the charitth of the inctyning resour¢es and appllcation of resourtss. includin9 the inc(*Tre ar#* expenditure. of IM Ltlaiitable wnpany for that period. In preparing those finanoal slalements. the TTU51ees arn wuired to.. sotect suiloble accounting Wicies and then c4)n5i*entty: obseNe tho mèlhods #nd winwles in ts Charrt*$ SORP: make jud9ments aThl acwunting edimates that arn Yeasonabb and pn￿￿nt. Prepa￿ the finahe1￿ Stalemenls on the gory cor*em basis unless is inappropilato to preswno that The Tntstees are responsble lor keeping adewate awjunhng rectyds that We suffKtent to show and explain Ihè charitable companys tr8nsaditin5 arm1 disd¢)se wilh reasonth ocojracy * any time Ihe finan¢ial poSi￿on of the charilAbl• coryjany and enabh them to tt￿1 Iho finan(ial sts¢wnents compty with the CompanTes Acl 2006. They aro also reSponsi￿e lor safeguarding th• ass¢ts of the ¢h8ritth compary and henco for tsking asonable steps for the pre¥enkn ￿ deleth￿ t)thor iEre9ulaTrlie5. Page 9 DlsGlo•urn ol Inforn￿tton t•th• •udkn . **t Tnjstso *48 takn all ts 8*ro ID hbvo boffi a Tnth kn onlw ID b• awwo Guy Pl￿n (rrustsa) ql O¢Éo&er 2•11 (rnth) Pag• 10 GOLD frILL BAPMST CHURCH IA Company Limited by Guarante•) INDEPENDENT AUtXTORS' REPORT TO ThE MEIA8ERS OF GOLD HILL 8APTIST CHURCH Oplnlon We have audit¢d tha finano4 staterne￿ ol GcAd Hil Baptist Churth (the 'charttable companvj for the year ended 31 March 2023 which cornpr￿e the StataThent of Finanual A¢A1￿lieS, the 8aian¢e Sheet, the Statement of Cash Flows and the rd*ed notes. Trndudn￿ a summ&y af siqniftcanl accounting poliues. The fiftancial reportiry tramewi** that has been S￿le(l in th￿r preparation is applicable I￿ United Kingdom Accounlirb9 Standards. IndUd￿￿ Financial Reportirwj Standard 102 Tr FinwKo1 Reporting Slandard app1Kab￿ bn the UK and Republic ol Irelanrf (United Kingdom Generaty Ace4Ned Accountin9 Pract￿). In ouropinion the financa81 statem￿.. gbve a true and f&'r VI￿ of th? *ate of the charilabk (rynpany5 aff*'ts as al 31 March 2023 and of ils incoming re￿Ur￿ and appI￿n of ￿1¢￿. irthdino its income expenditure lor the year then Practtc¢'. and opÈnlon We conducted our 8sJdit th accordance wilh Inlemthonal Standard$ on Auditing {UK) {ISAs IUK)) and appli¢abl¢ law. Our responsibilities those st￿dardS are l￿th0rde$u1beO in the Auditors, responsits'lrties for the audrt of the financial statèments sec*itin of our repo￿ We ￿ independent d Iho tharitable ¢ompany in accordanee with tré othicd Mquirements that are relevant to our •Jdrt of Ihe financial $tstem*nts in the Unrted Kingdom. including the Financial Reportin9 Counul's Ethical Stwd•rd. and fvlfilled our other ethical responS￿Ill￿e5 in aCcordab￿ Wrth these require￿￿& Wo belrn that the ajdl Mdertt we ha¥e ¢btained is Suffioont and appropri*e to pmvide a basrs for tyjr opin#￿. ConGluslons relatlng to golng ￿n¢•M In a￿lI￿n9 the financial $tatem•nts. we hav8 corKJuded that the T￿￿, use of tho g0¥1g concern basi5 01 accountsn9 in tho prty•rntiM olthe fThncbd s¢aleff*nts 15 appropriato. 8a5ed on the we have perforn￿. 7A* ha¥e Klentified any mateiial urtertaintie5 relating to evan1$ or o)nditions thaL irtdbwdualty ¢y ¢oMectpiety. nvi cast significant dO￿*t on the chwitable rAInwan￿$ abilrty to ¢onlinuè as a going e4ncwn fc¥ a period of at 18asl twel4e months frryn T*h8n the finan¢ièl ststements arè authorised lor issu Our responsibilitie5 th¢ ￿sPonsib￿lieS of Ihj Tnjsi￿ wilh resp¢ct to going cortem arn described in th¢ relevwt sed1￿$ d this ropo Page11 GOLD HILL ￿PY1ST CHURCH (A Cornpany Llmlted by Guarnnlw) INDEPENDENT AUDITORS. REPORT TO MEMBERS OF GOLD HILL UPTIST CHURCH (CONTINUED) Oth•r infornmtlon The othe¢ inlonnation comwises th• informalion induded tn the Annual Report olher than Ihe financial glalements and ¢)ur Auditars Rei*rt there¢￿. Th• Twgtees are fesponsblg for the Ot￿r infomialion contained within the Annual Report. Our opinbon finanrial ¥latemenls do89 not cover ts other infomalicn and. except to the exlent othepwise eyplicty *ated li our report. we do fiot expl￿S any fom of assurance condusion the￿n. Our résponsibilty to read th6 otsr infom)ation a)d. li dosng so. consider whelher the othor ￿10MlatiOn is materially inC4￿51Stent wilh tt* finwKial ststements or our know* obtalned in the course of ts audiL u otherwise appea￿ to be malwialty mi5ststed. K we identfy Suth material inconsisleftcies OT apparent material misstatemeftts. VK •• rwiired to deteffnine whether this gt¥e$ Ibse to a matenAI misstaternent in thè finarKial Stateme￿ them5ePdes. If. bas•d on th8 wth T4b* Ihive perfom)¢d, wo conclude that there is a m*Mal missl*ff*rt d this olher w1fomwtK￿. Wo aro requir￿ to report that f We have nothing to rewt in this rewd. Opinlon on oth•rm•tt•ts prnscrfb•d by th• Cafflp•ni•s Act 20 In our opmnion. basod on the woth ur#lertaken in th• c*urn• ofthe the inlormation gY¥en in the Tnjstees. Rewrt tr the f￿￿187 yw for which tho financial statemen15 a prepared is con951ert wilh the finarKial statffnents. the Tiustees. Report has 1*8n in xcordanc¥ *ilh wl¢abl• logal requirements. Matt•rn on *thtch x arn r•quirod to rnport by exc•pknn In tho Iwht of ow kn(y￿ge and 4JndwstandiThJ af I1￿ company aTrJ its envirorllrffit obtained in the oourse ofthe aud¢ we have not idwtif*d Mat•1￿ fflwtsten￿ in Ihe Trustees. Report. We hav• nothiTrJ lo rnport in respect clth* fdkyMng mattws in relation to whth Cornparve5 Ad 2006 fequires us to rewt to ytw rf. in our opinion: adequate accounting fecoftls not been Y8tum¥ adequ*1 lor our audit havg not bgen tho financial slatements are not Ml agreem￿t wdh the ac¢oun¢iry record$ and relums" cettiin disdo$ures ofTnJstees' rory￿n￿￿1on spwfKd by l•* arn not made: or we not recebved •M inforyration arKI eyplanationswe requye foraur audtr. or the Tnjslees wero not ehtill8d to prnpare the fin￿claI staternnts in accofdan¢e with tho small companies regime and lake advantsge of Ih smal companies. exemptions in preparing the Tnjstees. Report and from the requirement to preparn a Str*e9ic R Page 12 GOLD HILL BApnsT CHURCH (A Company Umlled by Guirant•e) INDEPENDENT AUOITORS. REPORT TO TrE MEMBERS OF GOLD HILL 8APTIST CHURCH {CONTINUEDI Responslbiuties of trust•eg A$ 8xplaind morn fulty sn the Tntsloes. Resp￿￿1￿ Statfjmert the Tnjstees (who are also the directors of the chariiable company for Ih purposes of I￿> are responsible for the preparation of the financial stal¢menl$ al￿ for bewvJ satisf*d that Ihry give a tr￿ And fair and for such inlemal control as Ihe Trusttss det•miine is rbecessary to enable the prepaT*th ol ffinoncial stateffents tPAi are fr•e from material misstalemenL due to frnud or eTh￿. In preparing Ihe lknancial slatemenls. tho Trustees rewonsible fu assessing tho tharitsbh company's atsi￿ty lo continue as a goiry Conwn. disclosing, as appkablg. mattern r*ted to 90in9 concom and using th8 90ing ￿nCern basis of acwunting unkss the TFUStee$ erther inland to liquidate the charlabl¢ company or to ceas• operntion& or ha¥¢ no realistic thmati￿ buito do s Audltorn. rnsponslbilliies forth¢ audlt of th• financbal statem Our obiectiwes are lo ¢btgin rea5￿91￿ assuranr* abc#rt the ffflaicid statements as a wholo aro fr¢0 from m*erial misstatement. wthather dug io fraud or •rffjr. and to issu• an Audrtors, Report thal includes our opinton. Reasonable assurnneo 1$ a hiyh le*1 of assurance. but is a 9uarantee tht an audit conductèd in ac¢wdance with ISAS IUK) wil al*rays d8tect a material rTNsslatement when rt exists. Misstatements tan arise from fraud ¢x error and are consthred Matw￿l rf. indiw"dually or in thè 89gregale. they could reason•bly be •¥pec*ed to infiuenGe the economr t'n9 by Charities." Statemert of Recommended Practi* applicable to charities preparing their accounts in accord￿ with tr* Financial R¢pottin9 Standard appl￿ble in the UK and Republic of IrelaThJ IFRS 1021 {effeclNe 1 January 20191, the Finanwl Reporting StsndaTd appliuble in the UK 8TrJ Republic of treland (FRS 102) and thg Cryllpanie5 A¢t 20C6. Gohl Hill B* Church meets the dehit¥)n ol a publ* bgnofft enUty urKleT FRS 102. Assets and liqbilities are initially recognised al histo￿•1 cost (Y tsansaclion valuo unh5$ ollwwso $l*l¢d in th• rel8vant ac¢ounling pok'cy. 22 Golng COn￿M After making appropriate •nquifies. the Trnstees Iw¥e a reasonable eypectstion Ihat the company has adequate resourca to contsnue in cperatixtal extstence for the forneeable fiAure. For this rea50n. they C￿ntinUe to al¢>pt Ihe goiNJ crmcem basls wi pr￿riTh9 the financial slalemerts. Page 19 ¢IOLD HILL BAPTIST CHURCH IA Cofflpany Umlted by Guarnnts•} NOTES TO THE FIPIANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 A¢￿￿nI1￿9 polkl8s IMnllnu•d> 2J Incom• Alt income is re¢ognised onco tho cLYnpary has entrtkni¢N to the ineome, it is probable that the inc4me will be received ar#J the arrKwnt of irKcffi• r¢ceivable ¢an be measured reliabty. Tho re¢o9ftrt￿ of irKc*ne fr(*m Wes is deFernlent on establishing efttidwwl, the probabilty of rece￿ and ability lo estitrole ¥￿th suffic¢ent a¢turacy the amount recewable. Evidert￿ of entillerrwt lo a legacy exists ¥&lwi the ¢￿anY ha5 SLffKtenl e¥iden¢e that a gift has b￿left to them (Ihrough knty*ledge of the existence of a valid will and Ihe death of the benef8¢tor) and the executor k5 s*isf*ed that Il* piop•ty fft questTh w￿1 not be required to satisfy claims in the estste. Receipt of a legxy must be rectsrrised when it is probable that li wdl be received and the fair value of the amount recei¥alAe. vthith will geft•rdlty bè the ewed cash aFMunt to be dith"buted lo the c¢#mpany. can bg rebably rneaswad. Grants arn in￿￿8￿ in the St*eft*nt ol Financial AIXNilt8s on a Trcewab￿ basis. The balance of incomè received for speufic pU￿oSe5 txrt Mt expended during the period is shown in the relevant funds on the Bal•nco Sheot. Where irKome is receNed in 8d¥ance of entrtiemenl of receipt. its nit￿n is defeffed and in ¢￿di10￿ as deferred wwme. Where enlrtlem8nt occu Glft$ in kK)d donated trrt distr￿ull0Tr are lTr￿Uded at Valuati¢￿ and re¢ogni8ed as incom8 wh•n thoy Wo distrbuted to tho Pfoi&ts. Gifts donated for resalo aro induded as income when they are sold. Wl*rn the donated good 18 a fthyd asset. It 18 ffEasur￿.￿ fa* value, unl95S it 15 impractseAI to measure this fe1￿bty, Mi whith ease the cost of the item to the donor should be used. The gain is reeA)gnised as In￿Me from donatwMs and a corr95pondin9 amount is induded in tho appiopriate fixed asset dass and depreci•ted o*r useful economic lilo in aco)rdance with tho ¢ompaty$ On receipt, donated professional SWVK*5 and faulit*s are recognised on the basis of th• value of th0 gift to the ¢ompany is tho amnt it *ryJld been wiifing to pay to oblaln ser11￿ or fac41itie$ of equivafgnt econonyc benefft on ttte *¥en mthet O C(Xfesponding amount is then reco9rks¢d in e)¥¢ndilura in lh8 of Treei income Lq f8¢8ivablo. Othor ffteome ks recogni8ed in the pernd in t*hith it is receivth ond la Ihe axtont tho goods have been provided or on completion of the serita. 14 Expendltsrn Expenditurn Is recognised once there 1$ ? legal ty ¢onstnKtive i)bl*3ation to transfer e¢ont)ffliC benefrt lo a third party. l 15 pmbable th* a transfef of economi¢ benefrts will be requirad in seluement and the amouftt of thg obl4atioft be measufed feliably. Expenditure classffied by actbvty. The costs of eath actrty ar• mado up ol the tclal of direct e<>sts and ghared cosls. includiThJ support Msts involved in undErtth"r¥J •ach actNty. Drect costs attnbutable lo a single activty are allocated direclty lo Ihal artivty. Shared costs conlrbuie to more than one activity and support costs are not gttributsble to a single adivity ar¢ apportK)ned between those aetwities on basi5 0)nsistent wilh tho use of resources. Central 4aff ￿sts aro allocated on the basis ol lirng spent. wd depreciatKin ¢harges allcKated OD the portiffi of the a8S•t's use. Page 20 GOLD HILL &4PTIST CHURCH IA Company Limtted by Guarnnt•• NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 AC￿1n11ng pollcl•s (coThtlnued) 2A Exp•nditsrn (conllnu8dl Expendrtufe on ¢ho1itoble a¢tivlies is inoJffeJ on dtre¢l￿ ￿1￿?1￿￿1Th9 the acti¥itses which fvrther tr mpany'$ obie¢ti¥es. as well as any associated suppryt Msts. Cerfrnl $upport CD5ts ha¥e been &knc4ted on thè * of resources used and been apport¢oned 10 the costs of the Chu￿ a(li¥ilied to govemance costs. Go¥em3ru costs wnwise al costs relakn9 to the pthc accouniabilty of th• chU￿h and i conwffian￿ *ith rngulaKJn$ and gwl PfaclK*. The9e costs include relatir8 to th• statuk)ry audit Grants payable are charged in the year when ts cller is madg except ￿ Ihw Ca￿ where Ihe offer is conditional. suth grants beinig rec4gnised as expenditure when the c¢nditvJns aitaching are lulfdled. Grants offered subied to conditims ha¥e not b••n mat * th• yoar end are as a C￿MItMent. bul not accnted as eXP￿rtUre. All e¥p￿d￿ur• is thi¢*jsr￿ cl VAT. ZS Gov•mmtnt grw Government grants relating to tsngibte fued ass*s aro treated as d¢ferred income and released to the Sl8tem¢nt of Financtal A¢ti¥iti'es the expected usèful liv•s of the asset$ ¢oncemed. Other 9rants aTe credited to th8 Statwwft of Financial Activit*s as the related expenditure is incuffed. 16 Int•rnst r•celvabl• Interest on lunds ￿ld on deposit 15 induded T*hen receNable and amounl can be mtsgured reliabty by the company: this is nryrnally ol tho inttte￿ paid or payabio by the 17 TayAtlon Tho compary is considered to PX5 thg tests set out in Paragraph 1 Schedule 6 of the Financ• A 2010 and thefekn it m¥ts the definition of a charitable company for UK cOrp￿allon tax puryoses. Awdingty. tm company is potentialty ex￿p¢ from ta¥Aknn in respect of in¢ome or c¥ilal gains receb¥•l Wbthin catego￿$ M¥er¢d by Chapter 3 Part 11 of the co￿*ratIon Tax Ad 2010 or Seclio 256 of tho Taxation of c￿eab￿ Gains Act 19a2. to tho Oxtent that such irKome or g&ns are applied e¥clusiv8ty lo charitth purpD¥05. 2.• Tangibl• Ilx•d ass•ts and d•pre¢l4llon Ton9fole f￿d assets ¢osting £1.OQ) or more are capitalised and reco9nised fvture e¢onom benefts arn probable arKI the cost or value ofthe wgl can be measured reliabty. Tangfole fwl assets *• inlti* recognised at cosL Aftor recwition. under the cost model. tangfole fixed assets arn measurnd * ctssl Itss accwnulated depr8ciat¢on and any a¢¢umJla impaimwnt losses. Depreciati"on is nol charyed ￿ freehold land. AM c4sts irKurred lo brin9 a tangbi le fixed assot into its intended shwhj be irKluded in the measuremonl of Pa9e 21 GOLD HILL 8APTIST CHURC IA Company Limlt•d by Guar•nte•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 AccountlDg poUrJes (contlnuedl 2.8 Tafiglble fix•d a￿e1& and deprnclatlon {¢ontlnued> O¢pr¢tiatton ig so as lo alkKate ts cost of tsn9ible fmd assds less Ihetr residual valu• over their estimatad useful ffi¥o5. . Fv88hold property Motor veh¢les Fixluros and fith"ng$ Office equipment . 2Y4 Straght4ine melhod - 20% Reducing balance rnthod - 15% Straight4ne method - 10% Straight4ne rfthod and 11k15% reducing balance method depending on assel . 21YA Slra9h14ine method CompLth equiptr*rt 2J Inveslm•hts Fmed asset in￿$1mentS are a fom cl finwwl instrumenl and are Inth1￿ recognised at their transaL1ion cost and subsequentr4 measured * falr value at Balance Sheet date. Emless the value cannot be measured reliabty in caso ft is measured at cost less impairment. Inveslment g•ins and 1¢7sses. *ttoth•r fealised or ur￿e?11$ed. we combined and pfeserrted as 'Gainsl{Losses) on investments. in th¢ Slatemenl of Financial kbvitie* 110StsG Stocks are Valued at Ihe kwer d cost and net rgalisable after makirfj due dlowance for obsolete and slort41￿1n9 sto(*s. Cog1 irK#￿e5 81 ¢*rect costs approprwte proportion gf 111 O•btorn Trad• and ollw debtots are rncognwl * the settlement rnnl after any trade discount offer•d. PTrpaymenls arn valued al th8 ￿pUr￿ PW*aKI ol trado discounts duo. 2.12 Cash at bank and lth hand Cash at bank har#1 w￿ludeS ¢•sh ￿ short4efm highly liquid Mwesknents with a short m8tuiity ol three months or 18ss the +Jate of acquisffjon ￿ opening of thg deposit or similar acMunL Page 22 GOLD HILL BAPTIST CHURCH (A Compafiy Llmltod by Gu•rnfrt•e) NOTES TO TME FINANCIAL STATEMENTS Foft THE YEAR ENDED 31 MARCH 2023 A¢¢oynting polklK (¢ontlnu•d) 2.13 Li*blliti•s and provi4ong Liab11rt￿ are Tecognised when there is an i*JlKJation at Iho 8Jlante Sheet d3t• as a result af a past 6vent. it k8 probable that a Iwisfer of ec¢)nonM¢ bBn8fft wll be requred ih settlemenL and the amount Li*ilitw are reco9nised at the amount that ts ctynpany anti¢ip*es rt WIK pay to settle the debt or the amount A has rec4Ned u advanced payiwts for the goods or serliw it must pmide. Provssions are measured * thg estimate ofthe affthnts required to settlg the obligati￿. Vthe the effect ol Ihe t#iw valuo of money bs matenal. thè pro¥ision is based on tho presonl value olthose amounts. di8¢ounted at Ihe PT&lax dwiunl rate that reffects the risks specthc to the Irdbilrty. The unw7nding ofthe disctyjnt is recogni58d in the Statement of Fin¥nrJal A(li¥itses as a finance cost. 114Fln•nGi*l Instruments The ethnpany has fin*co1 assets arrtl finatwal liabililies of a kn'Thd thal qualify as bast finar5cial instruments 8aslc finanoal instrumenls are inilialty recognised at transaction value and subsequenlty meaSU￿d at ltsir sottlThnl valuo with tho exception of bank ban8 which are Z160perntlng I￿1$ Rerfds paid urthr operating kases we chwged to lh• Statement of FinanGial Acti¥ilies on a straight4ne bask8 (Yrfwthe leage tern. 116 Penslons The company Qkwates a defined Cfyrtrib￿lQn pension sctsme and ts pensi¢￿ charge r4>resents the arM￿ts pay*kn by the comp¥ry totr* fiu¥J in rwjed ol the year. The company has set up a Stakeholder pe￿Oft Scheme and relevant stsff are offered ¢ofttributions to p8rsonal pensws whhin three months of *artiny ser¥ice. whi¢h are a¢counled lor as thoy fall du8. The pensim eharyo rnpreserts lh• amou￿ payth ty th8 company to Ihe fijnd in re5P¢Ct of the year. Page 23 130LD MILL WTIST CHUIICH IA Cornp•ny Um*•d by Guaranty•) NOTE8 TO THE RNANCIAL STATEIIIENTS FOR THE YEAR ENDED 31 MARCH 2023 Accountlng pollcl•8 (Gonlimwd) 2.17 Fund a¢Gounting Generdl fijnds ar• unrestrK*ed fvnds which we avalable tr usg #t tho discretion d the Trustees in furtherance of Ihe general obje¢tP4es of the company and whKh h*• not been desonated for other pu￿0$￿. Designated lunds cfjftwrise unrestrKW fund$ that beoft 801 aside by Trusltss for particular purposes. The am and uso of exh lund is 4•t 4>Jl in th• n¢tos to the finanGBI staiements. Restridal funds arn lunds T*IKh io be w•1 fft xcordance with $peerf￿ restridions imptssed by donors or which been rni8ed by campwby lor pai*cular purposes. The costs ol ralsing and administering such fwd5 * charged agalr￿t the specifK firrfl. The am and use of each restricled fvnd 13 sd out in the io the fiftancial statemen1& Page 24 GOLD HILL BApnsT CHURCH IA Company Limit•d by GuaAnto•1 NOTES TO ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Crlil¢al aGcouThling esUmat•s•nd #mg of faclots. induding •xperta￿￿ d ft#ure eb**s th* We belrebtd to be ￿Sonable undw Iho The ￿rnpanY makes ests'm*es and aSsUr￿tiOnS corKeming tt* future. The ￿$￿ting a¢¢ounling estimates and assUrnptt￿S wdl, by definition. seldom equal thè rela￿ 4¢aual results. The est4n8tes and assumptions that a signifKant iisk ol causing a matwil adjustment to the caffying amunls of Tangible fLwJ assets arn deprecHted their useful taking into ¥count restdual value5 where appr¢wiat¢. The of the assets and res¢dual v*ues are *sessed annualty and may vary dependin9 oft o number ol lad0￿ In re4ssessi19 asset liv¢s. factors such as te¢hnologi¢al Innovation. product Me cydes and mayntenaKe programmes aTe taken into a¢counl. Residual vabjes sider futur8 mathet corwJrtN￿¥. tr¢ rerrtaining lrffj ofthe asset and projected disposal values. Page 25 GOLD HILL BAPTIST CHURCH IA Carnpany Limit•d by Guarantee) IIOTes TO THe FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Incom• fr•m d¢)ftatioths and l¢gaci lknrnstricled Restricted funds funds 2023 2023 Total fund5 2023 Afi4￿15 oldonalion8 Hub Hoart H(m¢ (HHH) Community Churth Missttin Fund Femrywship Fund Other OffarirwJ Coladion 213.031 213.031 2.868 27,785 2,868 27,785 7.133 48,226 22,428 457,619 7,133 2.550 19,273 457,619 45,676 155 U8• ofHyb Faclth¢s G•nera] F4nd 486.575 292,515 m.090 Total 2023 4&5,575 292,515 YT9.090 Umstncted Restricted Funds 2Lr22 Tol81 funds 2022 Y22 AMtysi$ of donaiion• Hub Heart Hcrn IHHH) Hope Communty Church Mis$ion Fuftd FeU¢Mfship FWKI 631.855 631.855 4.249 3.1( 9.824 9.145 9.296 3. 120 434.832 4.249 3. 100 9.824 9.145 Z488 3,120 434.832 Uso af H￿+ Facirit General Fund 453.834 651,587 1. 105,421 89 Total 2022 453.834 651,676 1, 105.510 Pap 26 GOLD TrllLL BAPTIST CHURCH (A Conwny Umlt•d by GuaraDts•) NOTES TO ThE FINANCIAL STATEMENTS FOR THE YeAA ENDEO 31 IAARCH 2023 Income frnm ¢h•vttable a¢livilies UnrnstrlGted nd$ 2023 Totsl funds 2023 Us0 ol Premlses Carf sales Uniqve Lkn You 23.486 23.486 23.732 23,732 Total funds 2022 lunds 2022 fvnds 2022 Use ofpremises 12.365 398 12.365 398 Unlqu¢ Like You 90 12.763 12,853 In¥eslffl•nl In¢ome Unr•stricled fvndg 2023 Total funds 2023 Bank intorest 93 Pag8 27 GOLD IILL 8APTIST CHURC (A Company Uffllt4d by Guarafitv) NOTES TO THE FINANCIAL STATEMEPITS FOR THE YEAR ENDED 31 hlARCH 2023 Inv•stm•nt Incom• Icontlnuod Unrnslncted funds 2022 Tol81 funds 2022 Rental income 1,250 1,250 1.257 1.25T Olhw Inc¢>ffllng W•￿VIC•S UnrnWict•d funds 2023 Totsl funds 2023 Chddren and Yo￿ wxome 12,704 30.202 12.704 30.202 42.906 42.906 Unrnstricted lunds 2022 funds 2022 Chft*en and yoth incomg Other uMy)me Proft M salo d prerniB 3,281 31.834 1. 131406 3.281 31.834 1. 133.406 1. 168,521 1,168.521 DuriNJ the yoar erthd 31 Mwch 2022 th• pmious pM¥$8s u8ad ty Iho chwity and investff properlios wern s¢Jld tra PTofft of£l.133.4 Page 28 GOLD HILL BAPTIST CHURCH IA Company Llmlted by Gu•rantMI NOTES TO THE FIMANCIAL STATEMENTS FOR THE YEAR ENDED 31 paARCH 2023 Anatysls olgrants Tolal lunds 2023 Grants 2023 Global Mis¥ian aod FelkAth¥> Fund 111,521 111,621 Total nds 2022 Grnnts 2022 Globa Mission 91.843 91.843 Tho follwig grdnts T*re mad? thJiiNJ y•ar. 2023 2022 Anatysls of gr•nts 9lv•n Global Misgion Follow5hy Fund 93,721 17AOO 91.843 91.843 Page 29 GOLD HILL BAPTbST CHURCH (A Company Umited by Gyarnnteel NOTES TO THE FINANCIAL STATE11ENTS FOR THE YEAR ENDED 31 laARCH 2023 Anafysls ￿ exp•Ddltyr• ty a¢tsvit Summary by fund typ• UDrnStricted R•stricted lunds 2023 Total 2023 2023 Global PAission and Gohl Hill Ministsi•¥ 64.193 244,991 909.184 Unresfrictsd Restii¢t8d funds lunds 2022 2022 Totsl 2ff22 Global Missim and G¢kJ Hdl Minist￿% 584,451 154.349 738,800 Summary by •xp•ndltsrn typ• Total 2023 2023 2023 Globol Mis&w and Gokl Phll Minislr 258,359 650.825 909.184 staff ￿sts OltsrLvsts 2022 2022 2022 Globat M￿lon aNJ Gokj Hlll Mlnistries 279.650 459, 150 738.800 Page 30 GOLD HILL 8ApnsT CHURCH IA Company Llmit•d ty Guarnntse> NOTES TO The RMANC￿L STATEMENTS FOR THE YEAR ENDEO 31 MARCH 2trI3 10. An•lysls d exp¢ndlture by actlvltlas Acthiltles GThnl undortaken funding of dlrecdy actl¥ii••¥ 2023 Support Tot4 funds 2023 2023 Globol M&ssi)n GO￿ HHI Miiystn8s 138,863 111,521 658.800 909.184 Grnnl uThlwtak8n funding ol Support Tor lunds 2022 2022 2022 2022 Glob81 PAission and Gold Hiu lkn"str*s 77.138 91.843 569.819 738,800 Analysls t)f dkn¢t Costs Tot81 fvnd5 2022 fvnds 2023 Eypnditufe on I￿kS and caNIs Water rates Heat and Iwt W0￿h1P support events Oulreach Visiting speakers Trainin9 costs Ministry frypens Ch￿l￿n and Ytyjth Property è>penses Unique Like You Chur¢h Maintenance Hope Cmnunty Chu 2.59T 383 21.616 8.871 3.682 1.339 576 6,902 8.809 10,614 4.090 5.859 1.912 32,908 10,933 31,202 1133 4417 15,891 29.418 IrJD 138.863 77.138 Page 31 GOLD HILL &4PTIST CHURCH IA Comp*ny Umlt•d by Guarnnl•• NOTES TO niE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 10. Afialysls of •xp•ndltw• ty *cti¥**s (¢onlinued An*tysls of dlv•¢t ¢osts l¢orrtlnu•d) Induded wihin Unique Lkn Ytyj costs aro c•￿Ing costs of £Nit (2022: £1,250) for the l Of the UIK¥4w Lkn You expenthtiNe was p4id from re5trYled fvnds, am ¢)thw eypenditure bety Anaty¥ls olsupport ¢418ts Totsl funds 2023 Tol•l fvnds 2022 st8ff costs other *aff costs Prinlwig. POSta9e. stthw and td¢ptr Coryuter supplies Subscription# Insuranco Bank charges Depreciatsn MisceKatWOU¥ Minibus expen8e5 Irrecovernbte debts ULY fvlnistries 268.359 18,370 7.987 14274 3.141 279,650 17.039 8,506 15.490 3,655 10.429 638 108,893 2, 178 817 219.177 3,230 1.572 299 654 1.514 1852 91.791 Mlnkslry ¢xpen Legal fees Grants donat*Js 12.493 18.758 18.513 6UMOO 569,819 11. Audit•rn' r•murt•r•Oon 2023 2022 Fees payablg to the Wxllorftyt￿ au&* ofth¢ c4rparfs amual accounts 18,513 14 758 Page 32 GOLD ￿LL BAPTIST CHURC IA Compw Limited by Guarant••) NOTES TO ThE FINANCIAL STATEMENrs FOR THE YEAR ENDED 31 MARCH 2023 12. Staff 2023 2022 Wago9 and f)ocial Securtty costs 219.694 16.031 21734 236.955 15.824 26,871 258.359 2T9,650 Included wilhHI wages *KI ¥alarns •• costs of £10.404. Tho average ol pw50n$ *•1 by the duiiry tho year was as follo￿. 2023 2022 A¥erage numb8rof*aff 2023 2022 F￿7 time eqival During ts year thfr kwi t•8ffl. fom*d of the siaff of elders. weTr paid total remuneratKJn of £181.092 {2022." £179.0351. 13. T￿￿$. femuner4tlon and exp•nses During Ihe yw. no Tft￿ re¢eNed any rnfflun￿ N dher bpnefft8 lor th•ir woth as a Trustee P022- £NIL). During the year endod 31 2023. no Trugteo WLY4es be￿ ineurrtl 12022- £NIL). Page 33 GOLD frILL BAPTIST CHURCH (A Cornp•ny Limil•d by Gu•r•nts•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 IAARCH 2023 14 Tanglble fix•d a88 Flxtur•s Fr••hold Offl¢• eomputsr prop•rty v•hkl•s tlithigs •quipm•rf •qulpm•nt Tolal Cost wv•lu•tion At 1 April 2022 Additrons 'sp0s￿l 9.079,855 11.619 (8.440) 23.614 23.495 9.431.427 69.241 (8.4401 17.1S1 40A78 At 31 Marth 2023 9.083.034 17,ISI 344,941 23.614 23.495 9,492.23S D•prnci•llon At 1 Apfll 2022 Charge forth• ye On disposals •5,886 171.980 20.022 3A30 38,050 10.900 2.799 118,393 219,430 1253) 3,171 At 31 M*cb 2023 251.613 3,4X+ 51,072 4.756 13.699 337.570 Nel book At 31 March 2023 8,825.421 11721 286.869 18.458 9,796 9.154.666 At31 Math 2022 8.991969 284.441 22.029 12,595 9.311034 IS. FIx4d agget Inveslmohts Inv•$thients in subsldiary Orn￿￿1¢9 Cost orv•lu8tian At 1 April 2022 At 31 M¥ch 2023 Page 34 GOLD HILL BAPTIST CHURCH IA Company Limil•d by Guarantsel 140TES TO THE RNANCIAL STATEMENTS FOR ThE YEAR ENDEO 31 MARCH 2023 Prfn¢lpal $ubskll•rf N•m• Company numb•r loldlng Uniquo Liko You Lynited 09588313 100% been prepared. AII fixod as8¢t inv•stsn•rts aro in the UK 16. Sto¢k8 2023 2022 Cards and books 915 1,025 17. Oèbtorn 2023 2022 Du• wllhln ¢)n• y••r Trade d&•to Other debtors 120.675 23,451 211.403 3,055 149,074 214.458 Page 35 GOLD bMLL &4PTIST CHURCtrI {A Company Umlted by Guar•nte* NOTES TO ThE FINANCIAL STATEMENTS FOR ThE YEAR ENOED 31 IAAR¢H 2023 11. Credltorn: Amounts famlng du• wlthln on• y••r 2023 2022 Other loans Trade Credrtors ¢Jhff taxation aThl so¢*1 security 3TI,114 10,074 4,391 205,025 22,502 325.018 5,315 173,566 44.445 619,106 548.344 Induded within loRns is £58.114 12021" £78.018) to the Baptst Union co￿01Allon Lim((ed (Baptrst Unian). $ee further dischxuro ift note 19. othor k)ans atso include lo¥￿ to sum ot £319,00012022: £247.0001. These have been prowded by Churth memb¢rs to knlit*o th• purn*￿ bU￿d rf Tr* Hd). chu￿ Lane. Other ¢r•dit<> Included within thor bs a of £194.936 12022: £168,826) hold as retention funds on the buildiThJ of the hub. Akn Ind￿led are fvnds hell as ag￿L OwiThJ the year wKome of£20.578 (2022: £24.3831 was cdlected on bohalf of other charitable organis*ions. Payments made to charitable organisation$ of lunds cdlected totalted £19.S03 {2022'. £25.8151. Funds yet pthl over and recognised wilhin other credrtors at year end total £5.23712022". £4.361). 19. Cr¢dltor8: Afflounts falllng duo ali•r morn than oft• y••T 2023 2022 1,471.022 1.619.692 Paye 36 GOLD HILL OAPTIST CHURCH (A C¢mp•ny Llmit•d by Gu*rnntsel NOTES TO TrIE ANANCIAL STATEMENTS FOR THE YEAR ENDED 31 hlARCH 2023 As at tho erKI tho Cha￿ tho Baptsl Union. This consists ol loans tha h•ve b•¢n pr¢wousty granted aftd ¢offthirted irto one. At the year •1Ka this wag mpayabl• +)ver 15 yeats at a TrMi8bl• est fate wilh minwnum monthty payff*nts of£12.970. The Baptist Union is gecwed by 8 fNed chary8 over tho freehold property owned by the th*ity, The H￿. Church Lafte. Other loans also rnclude to th8 t￿M of£Nd (2022: £1CfJ,OOO>. Theso ha¥* b•on pri>vKled by Church members to facilitate Ihe purcl*e and burfd of The Hub. Church Lane. Page 37 GOLO ￿ BAPTIST CHURCH IA C•)mp•ny Umll•d by Guardnt••) NOTES TO ThE F114AMCIAL STATEIIENTS FOR THE YEAR EIIDED 31 AIARCH 2023 Slatgmont of fund• Slatsment of lunds. cun•nt y•ar Balan￿ at 31 Mar¢h 202J B•lane¢ at I Aprfl 2022 Trnnsf•rs Inlout Incomè Exp•ndityi• Deslgnat•d fithlts Propety Fund Mission Fund (Party FelloKhip Fund (Part) 173611 3.703.150 0,4841 88.073 3.585.889 12.800 4.834 1837 15211 4￿34 3,737 Gifts to Miss¥)n Fund 32.108 {208.6451 3,791,223 3.615.456 Gener￿ lundB General Furtds. 3,78S797 $53,236 I455￿8) (3,791.223 92.263 Totsl UnreslrtC￿ fund• 3A18.605 s53,3￿ 1K4.193} 3.707.718 A•*￿￿d fundg Fa￿ShiP Fund (Part) Uis8ion Fund (p￿ Sundry Hub Heart H¢mg Communty Mission Fund Spmsorship of Paslof Gifts of Indiv￿ Chw¢h lknber Cxhef R•stri¢Xed Gift¥ Mkmbus Fund Foodbank Refvgee respons¢ IAanse Fund JIM36 SA05 27,7YO 3.082,024 {17MiII 132361 41.571 4287 26.776 3.914,461 9.090 237 250 213m1 1180.594) 24688 25.195 10J05 (22.821 14.629) 1250) 12.S22 20.566 3J93 10,633 20,750 110.6331 1.038 20,750 Page 38 IA Compw LOmit•d by Guarante•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IAARCH 2023 20. Si•tsmnt of fvnds (continued) Stat•m•Tht of fvnd•. eurmrty•w Iconllnwd) B•l•nc• Jt 31 March 2023 B*lanc• at 1 Apil 2022 Trnnsf•rs Inlout Incom• Expendbtsrn 4.001.130 292J15 (241.991) 4.055.654 Tot•1 ollund> 7￿28.73$ 146J21 1909.184) 7,763.372 RostrlGtqd fundg Hub Hoff4 repres￿ts the Mt boc* value of th• Ixopeity. of lo•n$. to the extent that Deslgnat•d fvAdg Propoty fund was set up In the yw aThl rewesents the net book vah* of the property (axcluding amouftts in th¢ Hub Heart Home rnstricted fi￿) in the BaSanc¢ SheeL thereby Mlenlrfyir4J lund$ available for other puwes of tre Church. Page 39 GOLD HLL BAPTIST CHURCH IA Company Umii•d by Guwanl••) NOTES TO THE FINANCIAL STATEMENTS FOR ThE YEAR ENDED 31 MARCH 2023 20. Slatement of funds (coThtlnuedJ Statem¢nt of funds . prfory¢•r Balanc& al 31 Balance al l Aprt 2ffI1 Income Expendiiurn Trdnsle I￿out 2022 Unrestrlthd fvnds D•$ign•ted ￿fid$ pro￿ Fund Mission Fund (Part) Fellowship FuThl (P￿> Ltrwer Road Gits to Mission Fund other Desuqnaled Glfts Community Church 845.869 1&030 (845.869) 8&474 18Q293) 15,211 4,834 3,737 448 8.578 3, 737 r2,577 4760 125 4.249 fi.&)9) (12.3751 899.255 4.374 (88. 102) (7f2.719J 32.808 Genwal Funds- on fvnds Rovalualton ffjsep4• 414503 I.OM938 1.632.001 (496,349) 2,234.642 (1.086.938) 3,785.79T I.￿2.441 I.632.￿1 (496.349) 1. 147. 704 3,7*￿ 797 2,401.696 1,636.375 (584.451J 364.985 3.818,605 Restricted fund$ Fell(Avship Fund (Part> Unique Lkn Y¢yJ k14sslon Fund IPart) Sundry Gifts Manse Fur#1 Hub Heart Hrff Communty Mi58M)n Fund Sponstyship of Pasl¢r Gffts of IndNidual ChuK¢h 2Z012 9,824 179 3. 1(Xl 31,836 (4,091) (4550) 3.912 (30) 5.405 27.770 27.770 392,476 1382,217 9.112 115 (392.4761 8,159 631.855 (140.307) (221 3.882.024 9,090 115 Page 40 GOLD HILL BAPTIST CHURCH (A Company Umlted by Guarante*) NOTES TO ThE FINANCIAL STATEIIEIITS FCM The YUR ÉNDED 31 MARCH 2023 Stat•mort of fvnds Iconknuedl Statement olfunds- priorymr (continu•dl Balance 81 31M8 2022 Balance 8t 1 2021 Trnnsf8rs in/oul Inc¢Th Expendllure 3.228 130 1.337 Zl13 (972) 11452 24,688 25,195 903 1,038 Minibus Fund Foodbar 2&065 11.336) 12.171) 1,096 3.875.698 651.766 (154.349) (364,985) 4.008. 130 Total otfunds 6.27T.394 2.28¢ 1411 (T38,800) 7.826. 735 21. Summary of lunds Summary of ￿nd5- cuvrnnt y•ar 8alan¢e •t 31 ￿•￿h 2023 Transf•rn Aprfl 2022 Incorno Exp•ndllur• Designated funds General fvnds Restrirted fund$ 32m8 3.71S,797 4.QOg.130 1208,6451 3,791.223 $53,236 145S,548) 13,791.2231 292.518 1244.991) 3.615A 92.262 4.05S654 7,826.735 845.821 09,1841 7.763.372 Page 41 GOLD HILL BAPTM CMURCH IA Company Limlknd by Gu•raAle•) IIOTES TO ThE FIMANGIAL STATEMENTS FOR TrIE YEAR ENDED 31 MARCtrI 2023 21. Summary of funds (¢ontlnu¢dl Summary •ffvnds- ptsyar 88lance 81 31 Ma￿h 2022 8a18nce at Trnnsf•ts Designated General luThls Restridgd fijnds 899.255 I.￿?.441 1875.698 4.374 1.632.tY)1 651.766 188,1ff2) (182. 719) 32.808 (496.349J 1.147. 704 3.785,797 1154.349) Q64.985) 4.008. 130 Q2n.394 Z28Ql41 (T38.aooJ 7,fL6,735 An*lysl$ of net assets betmm funds Aft•ly$ls of not assets be1W￿ furn1#. ¢utr•nl y•ar T¢)tal funds 2023 fvnds 2023 nds 2023 3.595.684 5,558.981 9.154.665 Fixed asset inveth*nts Currenl assets Creditors duewithii one year CredbtOTS du• in morn thon rrn ye 354.025 1241,992> 344,809 698J34 137T,114) (819.106) (1,471.022) 11.471.0221 Totsl 3.707,718 4.055.654 7.763.372 Page 42 GOLD trILL &4PTIST CHURCH Company Umlted by Gtsarnnl••) NOTES TO THE HNANCIAL STATEMENTS FOR ThE YEAR &40ED 31 MARCTrI 2023 An*sb ofrnt os•ts bei*wn wloryear Total runds 2022 funds 2022 lunds 2022 Tang￿1￿ fixed assols 3.947.LM8 5.36&986 9,313.034 Current 888*8 Creditors duo one ye C￿￿￿or5 in more than one yew YJ4.841 17&895 681.736 (4W.687) (67.657) (548,344) {152.598J (1.467.094) (1,619.692) Total 1818,605 4.008,130 7,826, f35 R•con¢lli#tJon of n•t mo¥emenl In to n•t thmfrom operallng a￿l¥ltIeS 2023 2022 inc(Ynelexpenditure for Iho yèar (as pw of Financwl Activibes) 163.3631 1,549,341 Adlu$tm•nts for. Depreoalion t*arg¢s 219.177 118.393 (1,257) (1, 133.406) 1.993 (26,469) (845,739) L0651lproft) on Iho sale offjxed assets 110 65.383 18.666 Decreasellinueasel In d8bttys Increasel(decwse> in creditors Not Gash provlthd tyl(u5ed In) op•rating actréld 239.810 f337, 144) Pa9e 43 GOLD HILL BAPTIST CHURCH (A Company Lknllod by Guarnnteèl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 PIARCH 2023 Analysls •1 Cash and •qulv•l• 2022 Cash in hand Natic• deposiis (les* than 3 336.371 211474 208.157 258.096 466.253 2& Analysls of chang•s In n•t d•bt Ai 1 Apiil 2022 Cash ftows Al 31 Ma￿tt 2023 Cash at bank and in hand Debt due withKI 1 year Oebt aftor 1 year (325,0181 11M19,$92) (S2.096Tr 1377,114) 148,670 (IA71.022) (1N78.457 179,166 11.299,291) 26. Cathl commltrnents 2023 2022 Contrncted for bul not provlded In thes• I￿￿n¢la1 *at•ff Purthase, oJnslNd•)n or devokpment of ￿ed assets 34,550 Thg eompany ¢ontsibutes lo indNiduafs Th￿aY purchase pension xhemes. The a880ts of the scheme aro h¢ld separalèty fThn those of the company in an independontty admink8tered lund. Thg pension cosl charge represonts conlnbutions payabla by the ctynpany to tho fvnd and amOW￿ to £22,734 (2022 . £26,871). AU pension eywndiiure is unrestrthd. Contribuli¢)ns total￿ng £12 (2022 - £1051 payabh to ts fund at tt* balance $heet date and are Induded in crtditors. P8ge 44 ¢1￿ frILL BAPTISTCHURCH IA Campany Llmit•d ty Guarnntoe) NOTES TO THE RNANCIAL STATEMENTS FOR THE YEAR ENDED 31 AIARCH 2023 2& Op8rnting l•aM c•mmilm•nts At 31 M8reh 2023 Ihe ¢4Mp￿ had ¢omthnts to rnininMTh laase payments under non 2023 2022 Not latsr than 1 year Later than 1 year aThl kntor than S yoarl 1,987 5,796 1.987 7,783 7,783 9,770 Mwnb•rn' Uablllty E¥h member of Ihe ¢horilable •ny underta(es to ccffitrbuto to assets of the company in lh• ¢nl of it b8in9 wound ￿ whle helshe 15 a nwnber. or wthin une yw after h￿She ceasos lo bè member, such arnount as may be wuiTed. not exceeding £1 tor tho debts and liabilities Contracted fore h&l8he ceases to bo a 30. llelat￿ transacuo The Gold Hlll Church Tnffjt is a sepwate ch•iity e*thhed in 1986 to ai*Mica Chrisknan Failh and exer¢iso Christian charity ty maing grants to Gokl Hill 8aptisl Church and othws. The Church Can exerriso swniknnl infiuence ayer thg aPp￿rne￿ d Tnotees d the Tnjst but as part of the purpose of the Tntst was Io PTo¥ide a dggree ol Kthpendonce fot the donors to tho Trnst il is ftot thought apgr¢)priale to ojnsolidate Ihe financi81 statements of the Trust with those of the Church. In pract￿e most gi￿n9 lo Ihe Chuth is gr•en via Tw8L Inclxne r•oi¥ed from Ihe Tru$1 during the year lotslled £704.24812022. £1.046.799). Al Ihe year end. ljwe is £81.gQ {2022: £170.279) induded within other debtors whk* was cdlecled ￿ Marth 2023. 31. Controlllng p• Page 45