2022-12-31-accounts

Table ofContents
Annual Repoia 2022 .
Aim and Purposes. ...
Oblertives and Artivities		.
At hievements anti Veifomtanr			p .
International Minim@
Safeguarding ..
Children and Youth..
Disopleship
Fellowship
Reaching Out						..8
Sooal Acuon .							.10
Future Plans .....							13
External Links...						.13
Premises.
Church Membership.						.14
Staff and Vol unteers. .						.	15
Structure, Governance	and Management.			..	...15
Administrative Infoirmanon							15
Trustees Responsibilrees.		.					15
Trustees						.17
Financial overnew. ...						..IB
Wor i&place Pensions							..19
Audit Report					.	..21
Annual Accounts							.24

St	a	tement	of Finan	cial A	ctivities for the per	iod from 01	January 202	2 to 31Dece	mber 2022
						Unrestricted	Designated	Restricted	Total	Prior year
						funds	funds	funds	funds	total funds
Income and endowments			from:
Donations	and legeoes				Note 3	289,785	118,949	759,389	1,168,124	473,697
Investments		- bank	interest			1,906			1 906	2214
Total income						291,692	118,949	759389	1,170,030	475,911
Cxpenditure on:
Fx enditure		nn rhantable arbvhles			Note 4	261 875	185112	700,913	1,147,809	'IQ6 Q04
Total e enditure						261,875	185,112	700.913	1,147,899	396,904
Net Income /(expenditure)			resources	before	transfer	29,817	(66,163)	58,476	22,131	79,008
Transfers
Gross transfers between			funds - in			59	105,280		105,347	122,975
Gross transfers between			funds - out			(79.228)	(1,119)	(25.000)	(105,347)	(122.975)
Other recognised		gains	Ilosses
Gains on fixed assets and			loans			1,053,077	(62,536)		990539	2,573.882
Net movement in	funds					1,003.725	(24.532)	33.476	1,012,670	2,652,890
Reconcl get(on of		funds
Total funds brought		forward
					Notes 158 16	3,039,803	(75,007)		2,964.797	311,907
Total funds cerned		forward
					Notes 158 16	4,043,528	(99,538)	33,476	3,977,466	2,964,797

					Total Funds	Total Funds
					2022	2021
					6	5
Fixed assets.
Tangible assets			Note	10	4262 927	3 261 175
Total Fixed assets					4,262,927	3,261,175
(. Ul I alit assets
Dobtors			Noie	1 1	l9,200	690
Cash and cash equivalents			Note	12	427,308	377,871
Total Current assets					446,508	378,561
Liabiisres'
Creditors falling due within		one year	Note	13	62 953
Net Current assets/(liabilities)					383,555	378,561
Total assets less current		liabilities			4,646,481	3,639,736
Creditors falhng due after		more than one year	Note	14	669015	674939
Total net assets					3,977466	2,964,797
Tlis fuiids of ilia cliarlly:
Unrestncted funds			Note	15	4,043,528	3,039,803
Designated funds Restricted funds			Note Note	16 17	(99,538) 33,476	(75,007)
Total charity funds					3,977466	2,964797
Approved e	rusts	on ..~.%.~.....~.............8rYtt ~a~ go~~			signed on their	behalf by

				2022	2021
					F
Net income/(expenditure)		for 2022
(as per the financial	statements)			961,345	2,652,890
Depreciation charges				51,325	5l,325
(Ini:reuse)/de(:icosa	iii	fixed assets		(1,001,752)	(3,312,500)
(Increase)/decrease	in	debtors		(18,511)	612
Increase/(decrease)	in	creditors		57,030	674,939
Net cash provided	by operating		activities	49,437	67,266

3	Income from Don	atio	ns	and Legacies
								Unrestricted	Designated	Restricted	Total 2022	Total 2021
								6	f			6
	Regular Offerings							222.057	51,892		273.950	233,160
	Donations							14,881	14,508		29390	39,256
	Leqacies								7,975		7,975
	Donabons/Grants	fur 'Tire		Bndgs'					29.559		/88,948	122,063
	Gift Ad Ilccrvereble							46.I68	I5,0I5		51.180	/I, /68
	Receipts for Use of Church				Centre			6,681			6.681	5,141
	HMRC (Work Retention Scheme)											2 310
								289.785	118949	749mae	1,168.124	473.697
	2021 lotals by lype	of fund						273 847	199850			473 697
4,	Expenditure on Charitable				Activities
								Unrestricted f	Designated 6	Restricted	Total 2022 6	Total 2021 6
	Premises							51.535	70.348	700,913	822,796	92.031
	Depreaation							61 326			51.325	61,326
	Interest Payablo							9.653	21,/6'		3I.410	1562 I
	Ministry & Outreach							131.940	15.153		147.0O3	142,310
	Mmistry Support							16,021			16021	5,531
	Mission Crants						Nole 5	I 401	77 846		79247	90.186
								261,675	185,112	700.913	1.147.899	396.904
	2021 totals by type	of fund						238225	152296	6 382		396904
5.	Grants for Mission
								Unrestricted 6	Designated 6	Restricted f	Total 2022 6	Total 2021 f
	National Mission
	—Baptist Home Mission								11,800		1i.800	11,500
	- Holiday Bible Week								3,371		3.371	73
	-Storl Valley Schools Trust								2,150		2.150	2 720
	-Bishop's Stortford	Food Bank						1.000			1,000	2,313
	- Others							401	2000		2 401	247
								1 401	19,321		20,721	16852
	2021 totals by type of		fund					619	16233			16852
	World Mission
	- BMS Workf Mesion								17,831		17.831	16,955
	-European Chnstian Mission (R & C Smith)								11,351		11,351	10,105
	-Samaritan Hospital (E & C				Singirankabo)				8,196		8,196	8,168
	- Eastern Europe Mission Work (E 8,P Reed)								4.316		4,316	3,803
	- Operation Agn											576
	-Tear Fund											740
									41,694		41.694	40.346
	2021 totals by type of		fund						40346			40346
	Other Mission
	-Compassion UK (Rvmnda				School Proiect)							32.988
	- Support for Ukrainian		Churches			and	Families		16831		16831
									16,831		16.831	32,988
	2021 totals by type of		fund						26 607	6 382		32.988
	Total							1,401	77.846		79.247	90.186
	2021 totals by type	of fund						619	83,185	6.382		90,186
												29

Staff Numbers	Staff Numbers			2022	2021
				Number	Number
Average	Number	of Employees
Ministers				2	2
Youth Worker				0	0.4
Church	Centre Manager			1	1
Church	Publicist	and Church	Bookkeeper	0.6	0.3
Cleaner				0.4	OM
					4.1

10.	Tangible fixed		assets
											Freehold	Freehold
											Land	Buildings	Total
											6	5	6
	Cost
	at 1 January	2022									746,250	2.566,250	3.312,500
	Disposals
	Revaluabonc
	Arlditions											1.053,077	1.053077
											746 250	3619.327	4365577
	Depreciation
	el 31 December		2021									51,425	51.325
	Oisposalc
	Addibons
	Charge for the year											51 325	51 325
												102650	102650
	Net book value
	et 31 December		2022
	at 31 December		2021								746,250	2 514,925	3.261 175
I I,	Deblois
												2022	2021
													5
	Other Debtors											6,982	690
	Income Tax Recoverable											12,218
												19200	690
12,	Cash and Cash		Equivalents
												2022	2021
												L	6
	Bank Accounts											427,110	377,582
	Cash in Hand											198	289
												427.308	377,871
13.	Creditors: amounts			falling due within one		year
												2022 6	2021f
	Accruals											62.953
												62 953
14.	Creditors: amounts			falling due after	one year
												2022	2021
												5	6
	Bapbst Union	Loan for Church Centre			& 'The	Bridge'						456,474	453.271
	Baptist Union	Loan for Manse 2(14 Cavell Court)										212,542	221 668
												669015	674.939
15.	Unrestricted	Funds
					Balance				Movement			Gains and	Balance
					1.1.22 f		Incoming 6			Outqoing	Transfers 8	losses 6	31.12.22 F.
	General Fund					296	272.912			(200,897)	(79.169)		(6,857)
	Manse 2 Loan	Fund			(221,668)			18,780		(9.653)			(212.542)
	Tangible Fixed Assets				3 261	175				51 325		1 053.077	4 262 927
					3,039.803		291,692			(261,875)	(79.169)	1,053,077	4,043528
	Gains and losses		reflects the addisonal		fared	asset created		by	'The	Sndge' redevelopment.

15.	Designated	Funds	Funds
					Balance	Movement				Gains and	Balance
					1.1.22 6	Incommg f	Outgoing f		Transfers f	losses 6	31.12.22 E
	General Reserve				150,105				296		I50,401
	The Bridge'	Redevelopment		Fund	117,468	34,741		(64,918)			87,292
	Church Contre Loan Fund				(463,271)	30,480		(21,766)	60.620	(62.638)	(466H74)
	Legacies				36,642	7.976		(3,104)	(800)		39,713
	Capital Reserve				20,572			(5,160)			15,412
	Communion	Fund			18,227	739		(6,790)	(500)		11,676
	Ctrurr1r Centre Fll-Oui Fund				11,662						11,002
	Special Proiects Fund				11696	1.650			800		14,146
	Others				12,891	53728		98429	53.253		21,443
					(75006)	118,949	(185,112)		104,169	(62.538)	(99,538)
	Gains and	losses	reflects additional		loan received from	the Baptist	Union	for The	Bndge' redevelopment
16	Restricted	Funds
					Balance	Movement				Gains and	Balance
					1.1.22	Incoming	Outgoing		Transfers	losses	31.1222
					6			6	6	6	6
	Grants Iur	'Tho Bridge'
	Hallingbury	Free Church Trust				750,000	(693,122)		(25.000)		31,878
	Herts Communny		Foundation			5,000		(3,402)			1,598
	East Herts	District	Counal			4,389		4.389
						759,389	(700,913)		(25,000)		33.476

	S	tateme	nt	ofFinancial Activitie	s for the period fro	m 01 January	2022 to 31	December 2022	December 2022
					Unrestricted	Designated	Restricted	Total		Prior	year
					fuiids	funds	funds	funds		total funds
INCOME & EXPENDITURE					E	E	E	E
Income from:
Donasons and legaoes
- Regular Offenngs					222 057	51 892			273 860		233 160
- Donations					14881	14.5D8			29.390		39256
Lcgocmc						7 076			7.075
- Drmasnns/Grants		fnr The	pndge'				Tso 3&n		788 li48		122063
- Gift Ard Recoverable					se tee	1501			G1,180		71 768
-Receipts for Use	ofChurch			Centre	6681				6681		5 141
-HMRC (Work Retention Schema)											7 110
Invoatmonls
- Dark interest					I 90G				1 906		2 214
Total					291 692	118949	759389	1	170030		475 911
Expendituro on:
Chantable adivibes
Prem ses					51,535	70 348	700,913		822,796		92 031
Deprerxatmn					51,325				51.325		51 325
Interest Payable					9 653	21 765			31,418		15521
hlinistry &Outreach					131,940	15 153			147093		142310
henistry Support					16.021				16,D21		5 531
hlission Grants
-Nabonal Mission					1401	19321			20,721		16852
-World Missmn						41 694			41,694		40 346
- Other Mission						le ssi			16831		32 988
Total					261 875	185112	7DD 913	1	147899		396904
Net income/(expenditure)					29,817	(66 163)	58.476		22 131		79008
Transfers beliveen	funds				(79,169)	104 169	(25 DDD)
					(49,352)	38D06	33476		22,131		79008
Ga ntr (lcaaea) On fixac aaseta and loans					1,D53,077	(6253!!)		990,539		2.573,882
Net Movement in Funds					1.003,725	(24 532)	33.476	1 012.670		2.652 890
Total funds brought	forward		at	31 12 21	3.039803	1 5007)		2 964 797		311 907
Total funds carried		forward	at 31.12.22		4,043,528	(99,538)	33,476	3,977,466		2,964,797
Balance Sheet as		at 31	December 2022
								2022		2021
								6		E
Fixed Assets
Tangible	f	xed assets						4 262.927		3261 175
Current Assets
Deb!ore									19.200		690
Cash and		cash eqtnvalents						427 'i08		377!171
Llabgiges
Amounts felling	due within			one year					62,953
Net Current assets								383555		378561
Total assets lass current				gabigtles				4 646481		3639736
Amounts fagmg	due after			more than one year				669015		674 939
Total Net Assets								3,977,466		2,964,797
Funds:
Unrestncted								4 043,528		3,039803
Designated									(99538)		(75007l
Restncted									33476
								3,9T7,466		2,964,797