```
REGISTERED CHARITY NUMBER: 1164766
```
```
Report of the Trustees and
```
```
Unaudited Financial Statements
```
```
for the Year Ended 31 December 2022
```
```
for
```
```
Fleet Baptist Church
```
```
A J Bennewith FCA, FCPA, FFA, FFTA,
FIPA, DChA, FRSA
3 Wey Court
Mary Road
Guildford
Surrey
GU1 4QU
```
```
Fleet Baptist Church
```
## **`Contents of the Financial Statements for the Year Ended 31 December 2022`**
|||**`Page`**||
|---|---|---|---|
|**`Report of the Trustees`**|`1`|`to`|`5`|
|**`Independent Examiner's Report`**||`6`||
|**`Statement of Financial Activities`**||`7`||
|**`Balance Sheet`**||`8`||
|**`Notes to the Financial Statements`**|`9`|`to`|`18`|
```
Fleet Baptist Church
```
## **`Report of the Trustees for the Year Ended 31 December 2022`**
```
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31December2022. The
trusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableinthe UK
and Republic of Ireland (FRS 102) (effective 1 January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
```
TheprincipalobjectiveoftheChurchistheadvancementoftheChristianfaithaccordingtotheprinciplesofthe Baptist
denomination.TheChurchmayalsoadvanceeducationandcarryoutothercharitablepurposesintheUnited Kingdom
and/or other parts of the world, including through gift and grant-making.
```
```
The Trustees have consideredthe CharityCommission'sguidanceon publicbenefit and, in particular,the specific guidance
oncharitiesfortheadvancementofreligion.Infulfillingtheaboveobjectives,theChurchwillengageinarange of
activitieseitheronitsownorwithothersthatwillvaryfromtimetotimewithactivitiesbeinginitiated,expanded, or
closed, as appropriate. These activities may include but are not restricted to:
```
- `-regular public worship, prayer, Bible study, teaching and training;`
- `-baptism, as defined in the Baptist Union's Declaration of Principle;`
- `-the Communion of the Lord's Supper which shall normally be observed at least once a month;`
- `-evangelism and mission, locally, regionally, nationally and internationally;`
- `-teaching, encouragement, welcome and inclusion of children & young people;`
- `-the nurture and spiritual formation of Christian disciples;`
- `-education and training for Christian and community service;`
- `-giving and encouraging pastoral care;`
- `-supporting and encouraging charitable social action in the United Kingdom and abroad;`
- `-encouraging relationships with, and supporting, Baptists, other churches and Christians.`
```
To facilitate this work, it is important that we maintain the fabric of the Church buildings.
```
```
The Trustees would like to thank all the volunteerswho contributeand work so hard to supportthe Church'sactivities and
enable it to function.
```
```
Page 1
```
```
Fleet Baptist Church
```
## **`Report of the Trustees`**
## **`for the Year Ended 31 December 2022`**
## **`ACHIEVEMENT AND PERFORMANCE`**
```
AsaChurchwecontinuetoprayforgrowth,infaith,sizeandinfluence.Welongtoseemorepeoplecomingtofaith in
Jesus Christandto helpnurtureandencourageindividualsin theirown spiritualandChristianformation.The importance
of being'lightandlove'in the communityhasbecomeoneof ourprimevaluesas we learnto serve the surrounding area
more effectively.
```
```
As of 31st December 2022, our membership was 125. During 2022
```
- `-7 people were received into membership`
- `-8 people resigned`
- `-1 person was removed due to attendance at another church`
- `-8 people were baptised`
```
2022hasseensignificantchange.Iflastyearwasayearofcominghomeandconsolidatingasfamily,thisyear has
witnessedagreatermeasureofshaping,building,andreleasing.Wearerecognisingandresourcingavarietyof ministry
areas withinFBC, such as Prayer,PastoralJourneying,Alpha,Men's Ministryand TeachingTeam, and we are seeing gifted
and equipped people released into these areas.
```
```
Ourin-personSundaygatheringsarelivelyandwellattended,andwe havebeenprivilegedtosee manynewcomers visit
ona regularbasis.In Septemberwe beganFAB (FamilyAll-InBreakfast)- a shorterSundayall-inservicewithbreakfast in
the middle.We see this as a wonderfulway to invitethosewho are new to churchand a greatway to foster conversation
andbuildcommunity.Ourtwice-yearlyAlphacourseshavemadeaconsiderableimpactwithmanyAlpha participants
havingnowintegratedintothechurchfamily.ManyhavefoundpersonalbeliefinGod;somehavebeenbaptised and
some have become members.
```
```
A significantstep has been made in seeingHart Foodbankmove theirbase to FBC. This is a wonderfulway for us to serve
andfacilitatesuchanimportantinitiative.Foodbankiscontinuallyexpanding,resultinginthemneedingavenue which
wouldprovideopportunitytoengagewithclients,morestoragespace,akitchen,andrefrigeration.Asachurchwe are
delightedtoworkalongsideHartFoodbankandprovidethebasetheyneedfortheirexpandingwork.Wearealso in
discussions with Foodbank to house a community pantry in a renovated garage within FBC's car park.
```
```
We also startedto supporta CAP (ChristiansAgainstPoverty)initiativecalled'LifeSkills'.Free coursesare providedto help
participantsmanagetheirmoneyaswellaslookatrelationalandpersonalwellbeing.Thefirstcoursewasdelivered in
November with more planned in 2023. This initiative is jointly run with Christ Church, Church Crookham.
```
```
Throughoutthe year, several activitiesfoundfresh momentum.Toddlealongre-startedin Septemberand has already seen
agrowingnumberattend.VariousMen'sministryandWomen'sministryeventshavebeenprovidedandhave included
visitsfromspeakersGordonHicksonfrom'HeartcryForChange'andBekahLegg,CEOofthecharity'Restored'.We have
organiseda Newcomersmeal, scheduledmonthlyprayer& worshipgatherings,and enjoyeda Summer BBQ alongside our
regular array of activities.
```
```
FBC has benefittedfrom guest speakersincludingRick Oldlandfrom HarvestAlliance,RachelHicksonand Helen Azer from
'HeartcryForChange',MarkMadavanandCliveCorfieldtoinputintoourjourney.Theyarelong-timesupportive friends
of ours and bring inspiration and encouragement as well as key training in areas such as prayer and living in freedom.
```
```
There has alsobeen an increasein networkingwithotherchurchesin the areaandwith'ChristiansTogether',resulting in
ussupportingtwokeytown-wideeventswithworship,music,andcrafts.Themostnotablewasourinvolvementin the
Queens PlatinumJubilee in June and the re-stagingof the Walk-ThroughNativityat the ChristmasFestival in November. At
the Christmas Festival we were also involved in organising carol singing on the main stage at the end of the evening.
```
```
Page 2
```
```
Fleet Baptist Church
```
## **`Report of the Trustees`**
## **`for the Year Ended 31 December 2022`**
```
TheChurchcontinuestoencourageandsupportmembers'involvementinthelocalcommunityandthereare many
servingasvolunteersandtrusteesinotherlocalcharitiesandorganisations.TheseincludeFleetAngels,Fleet Carnival,
FleetBaptistPre-School,FleetChristmasevents,FleetMarathonsandFACCTS,acharityworkingwithintheschools of
Fleet and Church Crookham.
```
```
We are excited to see the evolvingshape of FBC and so very gratefulto God for the immeasurablegrace and kindness that
continually resources and envisions us. We are also humbled by the love and generous service of our church family.
```
```
TheChurchconductssomeofitsactivitiesthroughgiftandgrant-making.Giftsandgrantsweremadeto organisations
operatingoverseas,nationally,andlocallywhoseobjectivesreflectitsown.Grantswerealsogiventosupport members
and attenders pursuing mission and vocational work.
```
## **`FINANCIAL REVIEW`**
## **`Financial position`**
```
TheChurch'saccountsfortheyearended31December2022aresetoutonpages7 to18.TheChurch'smainsource of
incomeis offeringsanddonationsfrommembersandattendeesandtheassociatedgiftaidclaims.Expenditureover the
yearhassupportedtheactivitiesofthechurchbysupportingstaff,providingforministries,maintainingproperty, and
making gifts and grants.
```
```
Unrestrictedincomedecreasedby 0.5% to £193,615(2021: £194,621).This slightdecreasereflectsthe naturalturnover of
achangingchurchmembershipandindividual'sworkfluctuations.Similartolastyear,wecannotunderestimate the
changes and uncertainty in the wider economy and its effects upon people's own financial positions.
```
```
Unrestrictedexpenditureincreasedby4.2%to£183,603(2021:£176,278)mainlyduetoanincreaseindepreciation of
£10,348(notacashitem)andanincreaseinlightandheatof£2,949.Therewas,however,adecreasein maintenance
expenditure of £7,376.Last year saw high input into our boiler and heating system which made a difference.
```
```
After this, the Church'sactivitiesin 2022led to an excess of incomingresourcesover resourcesexpendedof £9,950, being
asurplusof£10,012onunrestrictedfundsandadeficitof£62onrestrictedfunds.Afterthemovementonthe defined
benefitpensionscheme,thenetmovementsaresurplusesof£31,162onunrestrictedfundsandadeficitof£62 on
restricted funds.
```
## **`Reserves policy`**
```
TheChurch'spolicyonreservesisthatUnrestrictedfundsareneededtoprovideprotectionagainst,andtheability to
continueoperatingdespiteeventssuchasa suddenlossofincomeortheneedtodesignatefundstospecificprojects or
itemsofexpenditureatshortnotice.ThemajorityoftheChurch'sfundsareintheformofthepropertythatituses to
carryoutitscharitableactivities(theChurchbuildingsandtheManse),socouldnotbeusedinpracticein such
circumstances. Therefore, this policy focuses on the reserves that are represented by cash.
```
```
Muchof the Church'sexpenditureis fixedor semi-fixedin nature,mainlybeingpremises-relatedor staffcosts. Charitable
gifts and donationsare not fixed in naturebut,for relationshipreasons,suspensionof these by the Churchat short notice
would only be consideredin extreme circumstances.The Church'sincome comes primarilyfrom collectionsand donations
fromChurchMembersandtheassociatedGiftAid.Whilstthereisnorelianceonadominantlocalemployer,the risk
exists of small number of significant donors suffering a dramatic fall in their income or moving away.
```
```
The Trusteesbelievethatthe minimumlevel of unrestrictedcash reservesshouldbe sufficientto allowfor expenditure to
bereducedgraduallyover18monthsfollowingasustainedreductionofincometo25%belowtheexpenditure budget.
This 18-monthperiodwouldcomprise6 monthsof review followedby 12 monthsof gradualcost reductionandas such a
reserve of 25% of the annual expenditure budget would be required.
```
```
On 31 December 2022 unrestrictedcash reserves were £160,149(31 December 2021: £166,246),well above the budgeted
reservespolicyfigureof £47,580.Reasonsfor the decreaseincludeinvestmentintothe buildingssuchas a new fire alarm
system and various roofing and fireproofing repairs. For the 2023 Budget the reserves policy figure is £48,553.
```
```
Page 3
```
```
Fleet Baptist Church
```
## **`Report of the Trustees for the Year Ended 31 December 2022`**
## **`FUTURE PLANS`**
```
We anticipatethe momentumalreadyexperiencedwill continueto gain even more traction.We hope and expect the next
yeartoseeagrowingattendanceonSundaysandinourmid-weekactivities,regularnewcomers,new members,
successfulAlphacourseswithresultingsalvationsandbaptisms,vibrantcollectiveworshipandan increasing involvement
frommembers.Ourreachwithinthecommunitywillcontinuetoexpandwithpotentialplansandinitiativesfor 2023
includinga communitypantryand developinglinksbetweenFoodbankand the CitizensAdvice Bureau.Seeing an increase
in new familiesjoiningus has generatedthe need to prioritiseour deliveryof groupsand activitiesfor childrenand young
people.FABSundayandToddleAlongarepartofthis,withhopestoemployapart-timechildrenandfamilies worker.
Being an outward-facingchurch,immersed withincommunity,continuesto be a major value alongsideprayer& corporate
worship, teaching and application of the Word of God, and 'being' family together.
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
```
Fleet BaptistChurch("the Church")is a CharitableIncorporatedOrganisationgovernedby the constitutionadoptedon 10
September2015.On 9 December2015,the Churchregisteredwith the CharityCommission,receivingthe charity number
1164766.
```
```
The custodiantrusteeof the Churchis the BaptistUnionCorporationLimited,whichis charitynumber249635and which
is controlled by the Baptist Union Council.
```
```
TrusteesareappointedbytheChurchMembers'MeetingtoberesponsibleforthegovernanceoftheChurchand the
fulfilmentofitsobjectivesthroughitsactivities.Onappointment,Trusteesareprovidedwithcopiesofthe constitution
andtheBaptistUnionCorporationLimitedGuidelineLeafletC15:HelpI'maCharityTrustee,aswellascopiesof recent
LeadershipTeammeetingminutesandfinancialreports.Trustees,withtheexceptionoftheSeniorPastor,receive no
financial benefit for their trustee service.
```
```
The Trusteesaim to meet bi-monthlyto prayerfullyreviewprogressagainstobjectives,to discernGod'swillinrelation to
the Church'sobjectivesand activitiesand to exercise governance.They delegateday to day operationof Church activities
tothePastorsandvolunteersappointedtoleadvariousministries.ChurchMembers'Meetingsareheldat regular
intervals(at leastfourtimes a year)to worship,to discernGod'swillin relationto proposalsbroughtby the Trustees and
toprayerfullyconsidermattersinthelifeoftheChurch,suchasthebudget,financialreports,membershipand general
church activities.
```
```
TheChurchisamemberoftheBaptistUnionofGreatBritain,theSouth-EasternBaptistAssociationandthe Evangelical
Alliance.
```
```
TheTrusteeshavereviewedthemajorrisksthattheChurchisexposedtoandsystemsandprocedureshave been
established to manage those risks.
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number`**
```
1164766
```
## **`Principal address`**
```
115 Clarence Road
Fleet
Hampshire
GU51 3RS
```
```
Page 4
```
```
Fleet Baptist Church
```
## **`Report of the Trustees for the Year Ended 31 December 2022`**
## **`Trustees`**
```
Mrs Y Mandiki
Ms S Rinaldi Treasurer
M J Lewis
M Corr (appointed 1.10.23)
B Gillman (appointed 1.10.23)
```
## **`Senior Staff member`**
```
The position of Senior Pastor was vacant throughout the year.
```
## **`Independent Examiner`**
```
A J Bennewith FCA, FCPA, FFA, FFTA,
FIPA, DChA, FRSA
3 Wey Court
Mary Road
Guildford
Surrey
GU1 4QU
```
## **`Solicitors`**
```
Anthony Collins Solicitors LLP
134 Edmund Street
Birmingham
B3 2ES
```
## **`Primary Banker`**
```
CAF Bank Ltd
25 Kings Hill Ave
West Malling
Kent
ME19 4QJ
```
## **`Custodian Trustees`**
```
The custodiantrusteeof the Churchis the BaptistUnionCorporationLimited,whichis charitynumber249635and which
is controlled by the Baptist Union Council.
```
```
Approved by order of the board of trustees on 25 October 2023 and signed on its behalf by:
```
```
M J Lewis - Trustee
```
```
Page 5
```
## **`Independent Examiner's Report to the Trustees of`**
## **`Fleet Baptist Church`**
## **`Independent examiner's report to the trustees of Fleet Baptist Church`**
```
I reporttothecharitytrusteesonmy examinationoftheaccountsofFleetBaptistChurch(theTrust)fortheyear ended
31 December 2022.
```
## **`Responsibilities and basis of report`**
```
AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewith the
requirements of the Charities Act 2011 ('the Act').
```
```
I reportin respectof my examinationof the Trust'saccountscarriedoutunderSection145 of the Act andin carrying out
myexaminationI havefollowedallapplicableDirectionsgivenbytheCharityCommissionunderSection145(5)(b)of the
Act.
```
## **`Independent examiner's statement`**
```
I havecompletedmyexamination.I confirmthatnomaterialmattershavecometomyattentioninconnectionwith the
examination giving me cause to believe that in any material respect:
```
`1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or`
`2. the accounts do not accord with those records; or`
`3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.`
```
I have no concernsand have come acrossno othermattersin connectionwith the examinationto whichattention should
be drawn in this report in order to enable a proper understanding of the accounts to be reached.
```
```
A J Bennewith FCA, FCPA, FFA, FFTA, FIPA, DChA, FRSA
```
```
A J Bennewith FCA, FCPA, FFA, FFTA,
FIPA, DChA, FRSA
3 Wey Court
Mary Road
Guildford
Surrey
GU1 4QU
```
```
26 October 2023
```
```
Page 6
```
```
Fleet Baptist Church
```
## **`Statement of Financial Activities`**
## **`for the Year Ended 31 December 2022`**
|`Unrestricted`
`fund`
`Notes`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`2`
`177,278`
`Other trading activities`
`3`
`14,600`
`Investment income`
`4`
`957`
`Other income`
`5`
`780`
**`Total`**
`193,615`
**`EXPENDITURE ON`**
**`Charitable activities`**
`6`
`Ministry`
`103,413`
`Establishment`
`53,695`
`Mission and Events`
`26,495`
**`Total`**
`183,603`
**`NET INCOME/(EXPENDITURE)`**
`10,012`
**`Other recognised gains/(losses)`**
`Actuarial gains on defined benefit schemes`
`21,150`
**`Net movement in funds`**
`31,162`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`629,063`
**`TOTAL FUNDS CARRIED FORWARD`**
`660,225`|`Restricted`
`funds`
`£`
`20`
`-`
`-`
`-`
`20`
`-`
`-`
`82`
`82`
`(62)`
`-`
`(62)`
`7,967`
`7,905`|`31.12.22`
`31.12.21`
`Total`
`Total`
`funds`
`funds`
`£`
`£`
`177,298`
`177,719`
`14,600`
`9,950`
`957`
`432`
`780`
`6,885`
`193,635`
`194,986`
`103,413`
`100,698`
`53,695`
`46,033`
`26,577`
`29,679`
`183,685`
`176,410`
`9,950`
`18,576`
`21,150`
`770`
`31,100`
`19,346`
`637,030`
`617,684`
`668,130`
`637,030`|`31.12.22`
`31.12.21`
`Total`
`Total`
`funds`
`funds`
`£`
`£`
`177,298`
`177,719`
`14,600`
`9,950`
`957`
`432`
`780`
`6,885`
`193,635`
`194,986`
`103,413`
`100,698`
`53,695`
`46,033`
`26,577`
`29,679`
`183,685`
`176,410`
`9,950`
`18,576`
`21,150`
`770`
`31,100`
`19,346`
`637,030`
`617,684`
`668,130`
`637,030`|
|---|---|---|---|
||||`194,986`|
||||`100,698`
`46,033`
`29,679`|
||||`176,410`|
||||`18,576`
`770`|
||||`19,346`
`617,684`|
||||`637,030`|
```
The notes form part of these financial statements
```
```
Page 7
```
```
Fleet Baptist Church
```
## **`Balance Sheet`**
## **`31 December 2022`**
|`Notes`
**`FIXED ASSETS`**
`Tangible assets`
`11`
**`CURRENT ASSETS`**
`Debtors`
`12`
`Cash at bank`
`13`
**`CREDITORS`**
`Amounts falling due within one year`
`14`
**`NET CURRENT ASSETS`**
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`PROVISIONS FOR LIABILITIES`**
`15`
**`NET ASSETS`**
**`FUNDS`**
`16`
`Unrestricted funds`
`Restricted funds`
**`TOTAL FUNDS`**|`Unrestricted`
`fund`
`£`
`429,717`
`77,100`
`160,149`
`237,249`
`(6,741)`
`230,508`
`660,225`
`-`
`660,225`|`Restricted`
`funds`
`£`
`-`
`-`
`7,905`
`7,905`
`-`
`7,905`
`7,905`
`-`
`7,905`|`31.12.22`
`Total`
`funds`
`£`
`429,717`
`77,100`
`168,054`
`245,154`
`(6,741)`
`238,413`
`668,130`
`-`
`668,130`
`660,225`
`7,905`
`668,130`|`31.12.21`
`Total`
`funds`
`£`
`452,985`
`43,697`
`174,213`|
|---|---|---|---|---|
|||||`217,910`
`(10,165)`|
|||||`207,745`|
|||||`660,730`
`(23,700)`|
|||||`637,030`|
|||||`629,063`
`7,967`|
|||||`637,030`|
```
The financialstatementswere approvedbytheBoardof Trusteesandauthorisedforissueon25 October2023and were
signed on its behalf by:
```
```
M J Lewis - Trustee
```
```
S Rinaldi - Trustee
```
```
The notes form part of these financial statements
```
```
Page 8
```
```
Fleet Baptist Church
```
```
Notes to the Financial Statements
for the Year Ended 31 December 2022
```
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,havebeenprepared in
accordancewith the CharitiesSORP (FRS 102) 'Accountingand Reportingby Charities:Statementof Recommended
PracticeapplicabletocharitiespreparingtheaccountsinaccordancewiththeFinancialReporting Standard
applicablein the UK and Republicof Ireland(FRS 102) (effective1 January2015), FinancialReportingStandard 102
'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland'andtheCharitiesAct2011. The
accounts have been prepared under the historical cost convention.
```
## **`Offerings, donations, and tax refunds`**
```
Offeringsand donationsare accountedfor gross when received.The associatedtax refunds are accountedfor on a
receivable basis in line with the offering or donation.
```
## **`Legacies`**
```
Legacies are accounted for when their receipt is certain and can be properly quantified.
```
## **`Investment income`**
```
Investment income is included in the accounts in the year in which it is receivable.
```
## **`Fund raising and publicity costs`**
```
Expenditure on these items is not material.
```
## **`Fixed assets`**
```
Tangiblefixedassetsforuse bytheChurcharecapitalisedif theycanbe usedformorethanoneyearandcost at
least £250.
```
```
The freeholdlandandbuildingsandothermajorassetspurchasedpriorto 1 January1997were recognisedin the
balance sheet at their transfer value from the previous charity.
```
## **`Depreciation`**
```
Depreciationis providedon all tangiblefixed assets, except freeholdland,at rates calculatedto write off their cost
or valuation, less estimated residual value, of each asset over its expected useful life.
```
|`Freehold buildings transferred from previous charity`|`- over 31 years`|
|---|---|
|`Freehold buildings`|`- over 50 years`|
|`Furniture and fittings`|`- 2-4 years straight line`|
|`Equipment`|`- 2-4 years straight line`|
## **`Taxation`**
```
The charity is exempt from tax on its charitable activities.
```
## **`Fund accounting`**
```
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
```
```
Restrictedfundscanonlybe usedforparticularrestrictedpurposeswithinthe objectsof the charity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purposes.
```
```
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
```
```
continued...
```
```
Page 9
```
```
Fleet Baptist Church
```
## **`Notes to the Financial Statements - continued`**
## **`for the Year Ended 31 December 2022`**
## **`1. ACCOUNTING POLICIES - continued`**
## **`Pension costs and other post-retirement benefits`**
```
ThechurchparticipatesinapensionschemeknownastheBaptistPensionScheme.Deficitcontributionsto the
definedbenefitelementoftheBaptistPensionSchemearechargedtotheStatementofFinancialActivities as
futureliabilities.ContributionstothedefinedcontributionelementarechargedtotheStatementof Financial
Activitiesintheyeartowhichtheyrelate.Furtherdetailsof theschemeareincludedinthenotesof the financial
statements.
```
## **`2. DONATIONS AND LEGACIES`**
|`Donations`
`Gift aid`
**`3.`**
**`OTHER TRADING ACTIVITIES`**
`Church premises lettings and sales of goods`
**`4.`**
**`INVESTMENT INCOME`**
`Interest on bank and building society accounts`
**`5.`**
**`OTHER INCOME`**
`Gain on sale of tangible fixed assets`|`31.12.22`
`£`
`144,100`
`33,198`
`177,298`
`31.12.22`
`£`
`14,600`
`31.12.22`
`£`
`957`
`31.12.22`
`£`
`780`|`31.12.21`
`£`
`150,686`
`27,033`|
|---|---|---|
|||`177,719`|
|||`31.12.21`
`£`
`9,950`
`31.12.21`
`£`
`432`
`31.12.21`
`£`
`6,885`|
```
continued...
```
```
Page 10
```
```
Fleet Baptist Church
```
## **`Notes to the Financial Statements - continued`**
## **`for the Year Ended 31 December 2022`**
## **`6. CHARITIES ACTIVITIES COSTS`**
|**`CHARITIES ACTIVITIES COSTS`**||
|---|---|
|`Ministry`
`Establishment`
`Mission and Events`|`Direct`
`Costs`
`£`
`103,413`
`53,695`
`26,577`|
||`183,685`|
|`Mission and events includes the following Gifts and Grants payable:`|`Mission and events includes the following Gifts and Grants payable:`|`Mission and events includes the following Gifts and Grants payable:`|||
|---|---|---|---|---|
||**`2022`**|**`2022`**|**`2022`**|**`2021`**|
||**`Unrestricted`**|**`Restricted`**|**`Total`**|**`Total`**|
||`£`|`£`|`£`|`£`|
|**`Gifts and grants payable`**|||||
|`Grants to people`|`500`|`-`|`500`|`4,000`|
|`Baptist Missionary Society`|`9,998`|`-`|`9,998`|`9,998`|
|`Wycliffe`|`2,000`|`-`|`2,000`|`1,500`|
|`Fleet and Crookham Churches`
`Together in Schools (FACCTS)`|`4,500`|`-`|`4,500`|`4,500`|
|`Compassion UK`|`1,000`|`-`|`1.000`|`-`|
|`Open Doors`|`1,800`|`-`|`1,800`|`1,600`|
|`Other*`|`2,228`|`-`|`2,228`|`4,491`|
|`FBC Pre-School`|`2,020`|`-`|`2,020`|`2,000`|
||||||
||`24,046`|`-`|`24,046`|`28,089`|
||||||
```
*Includes leaving collections, gifts to speakers and other small donations.
```
## **`7. TRUSTEES' REMUNERATION AND BENEFITS`**
```
There were no trustees' remuneration or benefits for the year (2021: none).
```
```
Ms Sue Rinaldiwas paid£14,050forworshipleading,administrativeandothergeneraldutiesincluding streaming
and leading services (2021: £12,200 for worship leading, administrative and other duties).
```
## **`Trustees' expenses`**
```
Therewerenotrustees'expensespaidfortheyearended31December2022norfortheyear ended
31 December 2021.
```
```
continued...
```
```
Page 11
```
```
Fleet Baptist Church
```
## **`Notes to the Financial Statements - continued`**
## **`for the Year Ended 31 December 2022`**
## **`8. STAFF COSTS`**
|**`8.`**|**`STAFF COSTS`**||||||
|---|---|---|---|---|---|---|
|||||`31.12.22`||`31.12.21`|
|||||`£`||`£`|
||`Wages and salaries`|||`58,000`||`58,400`|
||`Social security costs`|||`1,391`||`1,622`|
||`Other pension costs`|||`3,344`||`3,008`|
|||||`62,735`||`63,030`|
||`The average monthly number of employees during the year was as`|`follows:`|||||
|||||`31.12.22`||`31.12.21`|
||`Associate Pastors`|||`2`||`2`|
||`No employees received emoluments in excess of £60,000.`||||||
|**`9.`**|**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**||||||
|||`Unrestricted`||`Restricted`||`Total`|
||||`fund`|`funds`||`funds`|
||||`£`|`£`||`£`|
||**`INCOME AND ENDOWMENTS FROM`**||||||
||`Donations and legacies`|`177,354`||`365`||`177,719`|
||`Other trading activities`||`9,950`||`-`|`9,950`|
||`Investment income`||`432`||`-`|`432`|
||`Other income`||`6,885`||`-`|`6,885`|
||**`Total`**|`194,621`||`365`||`194,986`|
||**`EXPENDITURE ON`**||||||
||**`Charitable activities`**||||||
||`Ministry`|`100,698`|||`-`|`100,698`|
||`Establishment`|`46,033`|||`-`|`46,033`|
||`Mission and Events`|`29,547`||`132`||`29,679`|
||**`Total`**|`176,278`||`132`||`176,410`|
||**`NET INCOME`**|`18,343`||`233`||`18,576`|
||**`Other recognised gains/(losses)`**||||||
||`Actuarial gains on defined benefit schemes`||`770`||`-`|`770`|
||**`Net movement in funds`**|`19,113`||`233`||`19,346`|
||**`RECONCILIATION OF FUNDS`**||||||
||`Total funds brought forward`|`609,950`||`7,734`||`617,684`|
```
continued...
```
```
Page 12
```
```
Fleet Baptist Church
```
## **`Notes to the Financial Statements - continued`**
## **`for the Year Ended 31 December 2022`**
## **`9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued`**
|`Unrestricted`
`Restricted`
`Total`
`fund`
`funds`
`funds`
`£`
`£`
`£`
**`TOTAL FUNDS CARRIED FORWARD`**
`629,063`
`7,967`
`637,030`
**`10.`**
**`NET MOVEMENT IN FUNDS`**
**`2022`**
**`2021`**
`£`
`£`
`The net movement in funds is stated after charging:`
`Independent Examiner's Remuneration`
`3,600`
`3,600`
`Independent Examiner's fees for bookkeeping`
`and accountancy services`
`3,540`
`4,600`
`Depreciation: owned assets`
`31,271`
`20,923`
**`11.`**
**`TANGIBLE FIXED ASSETS`**|`Unrestricted`
`Restricted`
`Total`
`fund`
`funds`
`funds`
`£`
`£`
`£`
**`TOTAL FUNDS CARRIED FORWARD`**
`629,063`
`7,967`
`637,030`
**`10.`**
**`NET MOVEMENT IN FUNDS`**
**`2022`**
**`2021`**
`£`
`£`
`The net movement in funds is stated after charging:`
`Independent Examiner's Remuneration`
`3,600`
`3,600`
`Independent Examiner's fees for bookkeeping`
`and accountancy services`
`3,540`
`4,600`
`Depreciation: owned assets`
`31,271`
`20,923`
**`11.`**
**`TANGIBLE FIXED ASSETS`**|`Restricted`
`funds`
`£`
`7,967`|`Total`
`funds`
`£`|
|---|---|---|---|
||||`637,030`|
|||||
||**`2022`**
**`2021`**|||
||`£`
`£`|||
|||||
||`3,600`
`3,600`|||
|||||
||`3,540`
`4,600`|||
||`31,271`
`20,923`|||
|||||
|**`COST`**
`At 1 January 2022`
`Additions`
`Disposals`
`At 31 December 2022`
**`DEPRECIATION`**
`At 1 January 2022`
`Charge for year`
`Eliminated on disposal`
`At 31 December 2022`
**`NET BOOK VALUE`**
`At 31 December 2022`
`At 31 December 2021`|`Freehold`
`property`
`£`
`462,150`
`-`
`-`
`462,150`
`58,737`
`10,070`
`-`
`68,807`
`393,343`
`403,413`|`Fixtures`
`and`
`Computer`
`fittings`
`equipment`
`£`
`£`
`70,621`
`42,279`
`6,564`
`1,805`
`(366)`
`(602)`
`76,819`
`43,482`
`25,226`
`38,102`
`18,447`
`2,754`
`-`
`(602)`
`43,673`
`40,254`
`33,146`
`3,228`
`45,395`
`4,177`|`Totals`
`£`
`575,050`
`8,369`
`(968)`
`582,451`
`122,065`
`31,271`
`(602)`
`152,734`
`429,717`
`452,985`|
|---|---|---|---|
```
FreeholdPropertycomprisestheChurchpremisesandtheManse.ThenetbookvalueoftheChurchpremises at
31 December 2022 was £290,243(2021: £298,116)and the net book value of the Manse at 31 December 2022 was
£103,100 (2021: £105,297).
```
```
Computer equipment includes sound and other equipment.
```
```
continued...
```
```
Page 13
```
```
Fleet Baptist Church
```
## **`Notes to the Financial Statements - continued`**
## **`for the Year Ended 31 December 2022`**
## **`12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
|`Interest Receivable`
`Gift Aid Receivable`
`Prepayments`
**`13.`**
**`CASH AT BANK`**
`Church:`
`-CAF cash account`
`-CAF gold account`
`-Office expenses account (CAF)`
`-Stewardship deposit account`
`-The Family Building Society`
**`14.`**
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Other creditors`|`31.12.22`
`£`
`589`
`75,816`
`695`
`77,100`|`31.12.22`
`£`
`589`
`75,816`
`695`
`77,100`|`31.12.21`
`£`
`230`
`42,618`
`849`
`43,697`|`31.12.21`
`£`
`230`
`42,618`
`849`
`43,697`|
|---|---|---|---|---|
|||**`2022`**||**`2021`**|
|||`£`||`£`|
||||||
|||`17,841`||`16,761`|
|||`70,517`||`10,763`|
|||`683`||`497`|
|||`-`||`67,432`|
|||`79,012`||`78,760`|
||||||
||||||
||`168,053`||`174,213`||
||||||
||`31.12.22`
`£`
`6,741`||`31.12.21`
`£`
`10,165`||
## **`15. PROVISIONS FOR LIABILITIES`**
```
ThechurchisanemployerparticipatinginapensionschemeknownastheBaptistPensionScheme ("the
Scheme").TheSchemeisaseparatelegalentitywhichisadministeredbythePensionTrustee(Baptist Pension
Trust Limited).
```
```
The minister is eligible to join the Scheme.
```
```
FromJanuary2012,pensionprovisionforMinisterswasmadethroughtheDefinedContribution(DC)Plan within
the BPS. In general,members pay 8% of their PensionableIncome and employerspay 6% of members' Pensionable
Incomeintoindividualpensionaccounts.Inaddition,theemployerpaysafurther4%ofPensionableIncome (or
3% if the employeris in the segregatedDC section)to cover Death in Service Benefits,administrationcosts, and an
associatedinsurancepolicywhichprovidesincomeprotectionforBPS membersintheeventthattheyare unable
to work due to long-termincapacity.This incomeprotectionpolicyhas been insuredby the BaptistUnionof Great
BritainwithAviva.MembersoftheBasicSectionofBPSpayreducedcontributionsof5%ofPensionable Income,
and their employers also pay a total of 5%.
```
```
continued...
```
```
Page 14
```
```
Fleet Baptist Church
```
## **`Notes to the Financial Statements - continued for the Year Ended 31 December 2022`**
## **`15. PROVISIONS FOR LIABILITIES - continued`**
```
Benefits in respect of service prior to 1 January2012 are providedthroughthe Defined Benefit (DB) Plan within the
BPS.Themainbenefitsforpre-2012servicewereadefinedbenefitpensionofoneeightiethofFinal Minimum
PensionableIncome for each year of PensionableService, togetherwith additionalpensionin respect of premiums
paidonPensionableIncomeinexcessofMinimumPensionableIncome.TheScheme,previouslyknownas the
BaptistMinisters'PensionFund,startedin1925,butwasclosedtofutureaccrualofdefinedbenefitson 31
December 2011.
```
```
AformalvaluationoftheDefinedBenefit(DB)Planwasperformedat31December2019bya professionally
qualifiedActuaryusingtheProjectedUnitMethod.ThemarketvalueoftheDBPlanassetsatthevaluation date
was £298 million.
```
```
ThevaluationoftheDBPlanrevealedadeficitofassetscomparedwiththevalueofliabilitiesof£18 million
(equivalentto a past service fundinglevel of 94%). As a resultof the valuations,in additionto the contributions to
theDCPlansetoutabove,itwasagreedthatthestandardrateofdeficiencycontributionsfromchurches and
otheremployersinvolvedintheDBPlanwillremainatpreviouslyagreedlevels,increasingeachyearinline with
increasesintheMinimumPensionableIncome.Thedeficiencycontributionsarebroadlybasedon12% of
PensionableIncome/MinimumPensionableIncome, reflectingeach employer'scontributionsin March 2015. Some
employersthatwereinvolvedintheDBPlanforashortperiodpaylowercontributions.TheTrusteeand the
Councilagreeda50%reductionforalldeficiencycontributionspayablebetween1July2020and31 December
2020.
```
```
Inaddition,theBaptistUnionofGreatBritainagreedtocontributealumpsumof£0.5mby31December 2020.
The Recovery Plan dated 30 September 2020 envisaged deficiency contributions continuing until 30 June 2026.
```
```
At the end of June 2022, the BPS signed an agreementwith the insurancecompanyJust Group to secure members'
pensionbenefitsundertheDBPlan.Asaresult,theSchemenolongerhasashortfall.Arevisedstatement of
contributionswasannouncedinJuly2022withdeficitcontributionsfromeachparticipatingemployerinthe DB
Planreducingto£1permonthfromAugust2022.However,participatingemployersremainresponsible for
providing a share of any additional funds that the DB Plan may require in the future.
```
```
The key financial assumptions underlying the valuations were as follows (% pa):
```
|`Type of assumption:`|`% pa`|
|---|---|
|`RPI price inflation assumption`|`3.20`|
|`CPI price inflation assumption`|`2.70`|
|`Minimum Pensionable Income increases (CPI plus 0.75% pa)`|`3.20`|
|`Assumed investment returns:`||
|`- Pre-retirement`|`2.95`|
|`- Post retirement`|`1.70`|
|`Deferred pension increases:`||
|`- Pre April 2009`|`3.20`|
|`- Post April 2009`|`2.50`|
|`Pension increases`|`2.70`|
```
As thereis a largenumberof contributingemployersparticipatingin the Scheme,the Churchis unableto identify
its share of the underlyingassets and liabilitiesof the scheme. Accordingly,the chargefor the periodrecognised in
the Statement of Financial Activities represents the employer contributions payable.
```
## **`Movement in Balance Sheet liability`**
```
continued...
```
```
Page 15
```
```
Fleet Baptist Church
```
## **`Notes to the Financial Statements - continued`**
## **`for the Year Ended 31 December 2022`**
## **`15. PROVISIONS FOR LIABILITIES - continued`**
```
Section 28.11A of FRS 102 requiresagreed deficit recovery paymentsto be recognisedas a liability.The movement
in the provision is set out in the table below.
```
||**`2022`**|**`2021`**|
|---|---|---|
||**`£`**|**`£`**|
|**`Liability at the beginning of the year`**|`23,700`|`29,412`|
|`Contributions for the year`|`(2,994)`|`(5,050)`|
|`Interest cost`|`444`|`108`|
|`Remaining charge/(credit) to balance sheet (recognised in SoFA)`|`(21,150)`|`(770)`|
||||
|**`Liability at the end of the year`**|`-`|`23,700`|
||||
## **`16. MOVEMENT IN FUNDS`**
|**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Charity Fund`
`Emmanuel Fund`
`Toddle Along`
**`TOTAL FUNDS`**
`Net movement in funds, included in the above are as follows:`
`Incoming`
`resources`
`£`
**`Unrestricted funds`**
`General fund`
`193,615`
**`Restricted funds`**
`Charity Fund`
`20`
`Toddle Along`
`-`
`20`
**`TOTAL FUNDS`**
`193,635`|`At 1.1.22`
`£`
`629,063`
`4,249`
`497`
`3,221`
`7,967`
`637,030`
`Resources`
`expended`
`£`
`(183,603)`
`-`
`(82)`
`(82)`
`(183,685)`|`Net`
`movement`
`At`
`in funds`
`31.12.22`
`£`
`£`
`31,162`
`660,225`
`20`
`4,269`
`-`
`497`
`(82)`
`3,139`
`(62)`
`7,905`
`31,100`
`668,130`
`Gains and`
`Movement`
`losses`
`in funds`
`£`
`£`
`21,150`
`31,162`
`-`
`20`
`-`
`(82)`
`-`
`(62)`
`21,150`
`31,100`|
|---|---|---|
```
continued...
```
```
Page 16
```
```
Fleet Baptist Church
```
## **`Notes to the Financial Statements - continued for the Year Ended 31 December 2022`**
## **`16. MOVEMENT IN FUNDS - continued`**
## **`Comparatives for movement in funds`**
|`At 1.1.21`
`£`
**`Unrestricted funds`**
`General fund`
`609,950`
**`Restricted funds`**
`Charity Fund`
`4,016`
`Emmanuel Fund`
`496`
`Toddle Along`
`3,222`
`7,734`
**`TOTAL FUNDS`**
`617,684`
`Comparative net movement in funds, included in the above are as follows:`
`Incoming`
`Resources`
`resources`
`expended`
`£`
`£`
**`Unrestricted funds`**
`General fund`
`194,621`
`(176,278)`
**`Restricted funds`**
`Charity Fund`
`365`
`(132)`
**`TOTAL FUNDS`**
`194,986`
`(176,410)`|`Net`
`movement`
`At`
`in funds`
`31.12.21`
`£`
`£`
`19,113`
`629,063`
`233`
`4,249`
`-`
`496`
`-`
`3,222`
`233`
`7,967`
`19,346`
`637,030`
`Gains and`
`Movement`
`losses`
`in funds`
`£`
`£`
`770`
`19,113`
`-`
`233`
`770`
`19,346`|
|---|---|
```
The Charityfund is for restrictedfundsreceived and then paid out for their specificpurposes.The Emmanuel Fund
isusedtoblessthoseknowntoFleetBaptistChurchwhoareunabletomeettheirimmediatematerial needs.
Toddle Along is an organisation that operates within Fleet Baptist Church.
```
```
continued...
```
```
Page 17
```
```
Fleet Baptist Church
```
## **`Notes to the Financial Statements - continued`**
## **`for the Year Ended 31 December 2022`**
## **`17. RELATED PARTY DISCLOSURES`**
```
The custodiantrusteeof the Churchis the BaptistUnionCorporationLimited,which is charitynumber249635 and
which is controlledby the BaptistUnion Council.The Churchis also a member of the BaptistUnion of Great Britain
and the South Eastern Baptist Association.
```
```
There were no relatedpartyexpensesduringthe years ended 31 December 2022 or 31 December 2021. Payments
to one trustee in respect of services rendered are disclosed in note 7.
```
```
In 2022, the Trustees made total unrestricted donations of £13,600 to the Church (2021: £12,060).
```
```
Page 18
```