OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-12-31-accounts

Report ofthe Trustees for the year ended 31December 2022 Page
ACHIEVEMENTS & PERFORMANCE
Services and Worship.
Community
Activities.
Children
and Youth
Partnerships.
Mission.
Buildings.
Future Plans.
STRUCTURE &GOVERNANCE.
StaffTeam.
Trustees.
Financial
Review.		 10
Declaration. .
REPORT OF THE INDEPENDENT EXAMINER 12
STATEMENT OF FINANCIAL ACTIVITIES 13
BALAN CE SHEET. 14
CASH FLOW STATEMENT. 15
NOTES TO THE FINANCIAL STATEMENTS 16

Signatures
Full Names Matt Marks Alex Luffrum
Position Trustee Secretary
Date

Year ended 31December 2022
Notes Unrestricted Restricted Endowment Total Total
funds funds funds 2022 2021
f f
Income from:
Donations and legacies 327,444 9,327 336,771 283,557
Charitable activities 10,622 10,622 5,171
Investment income 738 738 23
Totalincome 338,804 9,327 348,131 288,751
Expenditure on:
Charitable activities 336,917 9,351 346,268 267,838
Total expenditure 336,917 9,351 346,268 267,838
Net income/(expenditure) 1,887 (24) 1,863 20,913
Reconciliation
offunds:
Total funds brought forward 226,255 25 10,788 237,068 216,155
Total funds carried forward 18 228,142 10,788 238,931 237,068

BALANCE SHEET
At 31December 2022
Notes 2022 2021
f f
Fixed assets
Tangible fixed assets 10 18,236 16,426
Current assets
Debtors 11 39,528 14,994
Cash in hand and at bank 12 200,483 234,870
240,011 249,864
Current liabilities
Creditors: amounts falling due within one year (7,168) (11,747)
Net current assets 232,843 238,117
Total assets less current liabilities 251,079 254,543
Non-current
liabilities
Creditors: amounts falling due after one year 14 (12,148) (17,475)
Net assets 238,931 237,068
Charitable
funds
Unrestricted
funds		 15 228,142 226,255
Restricted funds 16 25
Endowment
funds		 17 10,788 10,788
Total funds 18 238,931 237,068
These financial statements were approved by the Trustees on l '"ia ~"~3
and signed on their behalf by:
Signatures
Full Names Matt Marks Alex Luffrum
Position Trustee Secretary

CASH FLOW STATEME CASH FLOW STATEME NT
Year ended 31December 2022
Notes 2022 2021
f f
Cash flows from operating activities:
Net income for the year as
per the statement
offinancial activities		 1,863 20,913
Adjustments
for:
Finance cost pension discount
unwind		 1,008 839
Depreciation
charges		 1,462 6,662
Movement
in pension
liability		 (8,370) (15,557)
Pension deficiency payments (2,878) (4,853)
Increase
in debtors		 (24,534) (2,791)
Increase
in creditors		 334 2,477
Net cash (used in) / provided
by operating		 activities (31,115) 7,690
Cash flows from investing activities:
Purchase ofproperty,
plant		 and equipment (3,272)
Net cash used by investing activities (3,272)
Net (decrease) / increase in cash and cash equivalents (34,387) 7,690
Cash and cash equivalents at the beginning ofthe year 234,870 227,180
Cash and cash equivalents at the end ofthe year 12 200,483 234,870

2 Donations
an		 d Legacies
Unrestricted Restricted Total 2022 Total 2021
f f
Offerings
and		 similar donations 220,013 7,642 227,655 230,629
Gift Aid tax refunds 37,619 1,604 39,223 39,265
Donations
received for meals, outings
and similar 166 81 247 544
Grants received 780 780 340
Bequests and legacies 68,866 68,866 12,779
327,444 9,327 336,771 283,557
3Income from Charitable Activities
Unrestricted Restricted Total 2022 Total 2021
f f
Income from use ofchurch premises 2,366 2,366 450
Sale ofbible study notes and Christian
magazines 66 66
Subscriptions and general sales 6,497 6,497 4,134
Other income 1,693 1,693 587
10,622 10,622 5,171
4 Investment
income
Unrestricted Restricted Total 2022 Total 2021
f
Bank interest 738 738 23
5 Expenditure on Charitable
Activities
Notes Unrestricted Restricted Total 2022 Total 2021
f
Ministry 128,020 128,020 110,691
Mission 73,482 9,351 82,833 72,814
Establishment 135,415 135,415 84,333
336,917 9,351 346,268 267,838

Total Expenditure
Activities Gant
undertaken funding of Support Total 2022 Total 2021
directly activities costs
f
Notes
Ministry 128,020 128,020 110,691
Mission 21,130 61,703 82,833 72,814
Establishment 95,694 39,721 135,415 84,333
244,844 61,703 39,721 346,268 267,838

Grant Funding
(Over f1,000Specifie		 d)
Unrestricted Restricted Total 2022 Total 2021
f
Baptist Home Mission 1,317 1.317 1,279
BMSWorld Mission (General,
Medical, Birthday S.Relief Funds) 1,481 1,481 1,413
Christmas
Offering (Family Space 5
YMCA) 2,778 2,778 1,824
Crosslinks - Andy Symons 12,000 12,000 12,100
Harvest Offering 6,256 6,256 13,006
IFES —S. Scorsone 8,400 8,400 2,800
3CChurch - CAP 1,200 1,200 1,200
OM - Emily 5 Riza Pepa - Kosovo 12,000 12,000 12,050
SIM International-
N Coleman		 4,800 4,800 4,800
Wycliffe
UK - T& N Kempton		 9,600 9,600 9,600
Grants payable - f1,000and less 1,554 317 1,871 1,132
52,352 9,351 61,703 61,204

Support Cos ts
Unrestricted Restricted Total 2022 Total 2021
f
Administrative staff 31,463 31,463 31,003
Other administrative costs 8,257 8,258 9,224
Governance costs
39,720 39,721 40,227

Staff Costs and Tru stees' Expenses
Total 2022 Total 2021
f E
Salaries 144,890 135,749
Social security costs 3,007 4,792
Pension costs 12,130 10,918
Decrease in pension liability (8,370) (15,557)
Other costs 14,280 9,335
165,937 145,237

0Tangible Fixed Assets
Church Furniture & Computers
&
premises Manse fittings equipment Total
Cost
At 1January 2022 59,100 3,688 71,300 70,553 204,641
Additions 3,272 3,272
At 31December 2022 59,100 3,688 71,300 73,825 207,913
Depreciation
At 1January 2022 52,000 65,662 70,553 188,215
Charge forthe year 1,462 1,462
At 31December 2022 52,000 67,124 70,553 189,677
Net BookValue
At 1January 2022 7,100 3,688 5,638 16,426
At 31December 2022 7,100 3,688 4,176 3.272 18,236
1Debtors
2022 2021
f f
HM Revenue &Customs (Gift Aid tax reclaim) 3,149 3,426
Legacy receivable 26,515
Prepayments 9,864 11,568
39,528 14,994
2Cash in hand and at Bank
2022 2021
f f
Cash 726 124
Current accounts 14,663 53,170
Savings accounts 185,094 181,576
200,483 234,870

2022 2021
f f
Pensions
liability (deficiency		 contributions payable to Baptist Pensions) 12 4,925
Accrual for grant payable in respect ofChristmas offering 2,778 1,699
Accruals and deferred income 1,026 3,561
Trade creditors 3,352 1,562
7,168 11,747
14Creditors: Amounts Falling Due After One Year
2022 2021
f
Pension
liability:
At 1January 22,400 41,971
Finance cost ofdiscount unwind -included within Ministry activity 1,008 839
Deficiency contributions paid (2,878) (4,853)
Decrease in pension liability- staff costs (8,370) (15,557)
At 31December 12,160 22,400
Amount
falling due within one year		 12 4,925
Amount
falling due after		 one year 12,148 17,475
The discount rate used forthe finance cost for pension liabilities is 4.5% (2021:2%).
15Unrestricted
Funds
Net income/
Transfers
At 1.1.2022 Income Expenditure (expenditure)
to/(from)		 At 31.12.22
f f f f
f		 f
General fund 200,748 232,005 (283,603) (51,598)
(17,088)		 132,062
Designated
funds:
Fellowship
fund		 1,709 (153) (153) 1,556
Legacy fund 15,910 69,139 69,139 85,049
Organisations'
fund		 2,250 5,429 (5,651) (222) 2,028
Partnership
fund		 32.231 (49,320) (17,089)
17,088		 (1)
Tangible fixed assets 5,638 1,810 1,810 7,448
226,255 338,804 (336,917) 1,887 228,142

Net income/
At 1.1.2022 Income Expenditure
(expenditure)		 At 31.12.22
f f f f f
Appeals fund 25 9,327 (9,351) (24)
25 9,327 (9,351) (24)
Appeals
Fund		 - is for special offerings taken during the year, for example at Christmas and Harvest.
17Endowment Funds
Net income/
At 1.1.2022 Income Expenditure
(expenditure)		 At 31.12.22
f f f f
Church and manse buildings 10,788 10,788
See Note 1gFixed Assets for background details.
18Analysis of Net Assets
Analysis ofnet assets Fixed Current Current Non-current
assets assets liabilities liabilities Total
Unrestricted funds 15 7,448 237,232 (4,390) (12,148) 228,142
Restricted funds 16 2,779 (2,778) 1
Endowment funds 17 10,788 10,788
18,236 240,011 (7,168) (12,148) 238,931