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2022-12-31-accounts

GILLINGHAM BAPTIST CHURCH [GBC]

TRUSTEES’ ANNUAL REPORT AND FINANCIAL ACCOUNTS

FOR THE YEAR ENDING 31 DECEMBER 2022

CHARITABLE INCORPORATED ORGANISATION: 1169112

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GBC – TRUSTEES’ ANNUAL REPORT & FINANCIAL ACCOUNTS for 2022

NAME OF CHARITY Gillingham Baptist Church CHARITY NUMBER 1169112 ADDRESS Green Street, Gillingham, Kent, ME7 5TJ INDEPENDENT EXAMINER Lorraine Wilson, FCCA, 24 Larkfield Avenue, Gillingham, Kent, ME7 2LN. BANKERS Co-operative Bank, PO Box 250, Skelmersdale, WN8 6WT CUSTODIAN TRUSTEES The Baptist Union Corporation OF PREMISES Baptist House, 129 Broadway, Didcot, Oxfordshire OX11 8RT

MANAGING TRUSTEES

All Managing Trustees must be members of the church. The Leadership Team during 2022 comprised:

Stephen Greasley Minister Fred Adams Elder Re-elected 15 November 2022 Karen Collins Elder Elected 19 November 2019/Resigned 15 November 2022 Simon Collins Elder Elected 15 November 2022 Raphael Khelawan Elder Elected 15 November 2022 Niki Lownds Elder Elected 15 November 2022 Lyn Newlan Elder Re-elected 17 November 2020/Died 19 July 2022 Stephen Carr Deacon Re-elected 16 November 2021 Hilary Cox Deacon Elected 19 November 2019/Resigned 15 November 2022 Rachel Davey Deacon Elected 15 November 2022 Sharon Greasley Deacon Elected 15 November 2022 Helen Holloway Deacon Re-elected 16 November 2021 John Lownds Deacon Elected 15 November 2022 Elizabeth Rowland Deacon Re-elected 15 November 2022 Penelope Wyatt Deacon Elected 15 November 2022

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GBC – TRUSTEES’ ANNUAL REPORT & FINANCIAL ACCOUNTS for 2022

ANNUAL REPORT FOR 2022

1. CONSTITUTION

Gillingham Baptist Church was first established in 1879 and moved into its present location in 1882. It became first registered as a charity on 18 April 1965.

On 9 September 2016 Gillingham Baptist Church was registered as a Charitable Incorporated Organisation (CIO) with the Charity Commission (with all the Assets and Liabilities of the previous charity (Reg. No: 233942) being transferred to the CIO on the 31[st] December 2016) .

The governing document is ‘The Charitable Incorporated Organisation Constitution’ as produced by Anthony Collins Solicitors and the Baptist Union Corporation and approved by the Charity Commission. The latest version was updated by Gillingham Baptist Church and approved by the Charity Commission in 2021.

2. CHARITABLE OBJECT

The principal purposes of the Church are:

3. ORGANISATIONAL STRUCTURE AND DECISION-MAKING PROCESSES

The Church employs one Minister full-time, one part-time Administrator, one Debt-Centre Manager, one Family Outreach Worker, one part-time Site Manager and two part-time Cleaners.

Members of the Church are accepted as such in accordance with the Constitution which normally requires them to have been baptised by immersion upon personal profession of faith. Persons who have not been baptised in this manner may at the discretion of the Church Members’ Meeting be accepted for full membership based on their own public profession of faith.

The Church Members’ Meeting normally takes place six times per year and has overall responsibility for the church. In accordance with the Constitution, the members appoint a maximum of twelve Trustees, in addition to the minister, who collectively are known as the Church Leadership Team and are responsible for the church’s work and witness, and the financial and legal aspects of the CIO. All church members and attendees are encouraged to take an active part in the spiritual and practical tasks involved in the furtherance of the charitable objectives.

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GBC – TRUSTEES’ ANNUAL REPORT & FINANCIAL ACCOUNTS for 2022

Relevant matters may be submitted to the Church Members’ Meeting by the Trustees for guidance or may be raised by members in the Church Members’ Meeting for further consideration by the Trustees. Though the Constitution permits decisions to be made at Church Meetings by an appropriate majority, the church seeks to work by consensus wherever possible.

Governance of the church has been maintained by monthly in-person meetings of the Trustees.

4. OBJECTIVES AND ACTIVITIES

The Church has read the Charity Commission guidance on public benefit and is satisfied that the activities outlined below clearly demonstrate that the charity is providing a benefit to the public. In order to achieve the principal objectives set out above, the Church provides a variety of activities both to its membership and to the community generally and all activities are open to the public. The aim is to show the love of Jesus Christ in both word and deed, and to bring people into a closer relationship with him as living Lord.

The Church operates systems to ensure that all Trustees, employees and volunteers in eligible positions (including all those working with children and adults at risk) are appropriately vetted with regard to the Disclosure and Barring Service.

Central to the work of the Church is the provision of regular public services of Christian worship. These are mainly morning Sunday services with some short series of evening devotions during the year (online). We also provide a full children’s programme during the morning Sunday services. There are regular weekly activities, including a mums’ and toddlers’ group, Boys’ Brigade and Girls’ Association, home groups, a coffee morning, and a craft club. A lunch club is usually held once a month. There is also an occasional Brunch Club. The Church sponsors a Debt Centre, and we have a family outreach worker in the community. The premises are also rented out to various outside groups, some meeting regularly and others are for single events.

5. ACHIEVEMENTS AND PERFORMANCE

Whilst numbers are important, the church measures its success in less tangible characteristics such as personal and corporate spiritual growth, friendship, care and encouragement.

5.1. SERVICES

Post-pandemic the Church is beginning to see growth and revival. Trends from 2021 are continuing with an increase in weekly attendance being reported. A wide variety of nations are represented.

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GBC – TRUSTEES’ ANNUAL REPORT & FINANCIAL ACCOUNTS for 2022

In 2022 there were 2 funeral services, 6 baptisms and 2 weddings.

5.2 CHILDREN’S CHURCH

During our Sunday morning services we have been able to provide a range of opportunities for children and young people. For our younger age groups it has been very encouraging to see numbers grow through the first half of the year. Reaching between 19-24 on a regular basis in the Junior group and between 4-10 in the Infant group. As a result, we reassigned staff so that all children could participate in activities and learning. Sessions for the younger groups included Bible stories, crafts, games and videos. In the latter half of the year we introduced new branding for these groups. These are now called ‘Jesus and Me’ (JAM) for the Infant and ‘Discovering Jesus’ (DJ’s) for the Junior age groups. The first Sunday in the month is also an All Age Family Service.

5.3 BIBLE CLASS

Bible Class is a group for secondary school aged young people. We provide an interactive setting to allow members to explore the Bible’s teachings and how they apply to their everyday lives. Numbers each week fluctuate between 14-22 attendees. Three members have also been baptised in the past year.

5.4 OTHER GROUPS

The church also provides other groups and activities for children, young people and adults.

5.4.1 THE BOYS’ BRIGADE AND GIRLS’ ASSOCIATION

The Boys’ Brigade and Girls’ Association meets on Friday evenings during school term time throughout the year offering a lively programme of educational and games activities, and seeking to develop the children’s faith and citizenship. 2022 saw the launch of a new badge scheme for Company and Senior sections. From September we also encouraged Year 6 Juniors to stay on for Company if they wished to do so. This was to enable them to access greater stretch and challenge in activities in preparation for starting secondary education the following year. This has been really well received by participants and parents/carers. Numbers have steadily increased throughout the year post-pandemic especially in our Junior section. We now have a waiting list for newcomers for the 8-11 age range.

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GBC – TRUSTEES’ ANNUAL REPORT & FINANCIAL ACCOUNTS for 2022

5.4.2 HOME GROUPS

Home Groups normally meet fortnightly in the homes of some members, to encourage growth in faith and discipleship. News at 10 is a weekday group that meets fortnightly at church. A fortnightly Bible Study/Prayer Time that met regularly pre-pandemic is still on hold. Further details about these groups are usually available from Trustees or in our regular communications to the church fellowship.

5.4.3 ‘STEPS' (PARENT AND TODDLER GROUP)

‘STEPS’ meets on a Monday morning and is open to parents and carers of preschool children. Activities include craft, play and singing (where all are encouraged to join in). Refreshments are also provided. Numbers have fluctuated throughout the year with an average of 18 families attending. Later in the year there was a possibility the group might have to close due to under-staffing. However, new volunteers have since been appointed.

5.4.4 FRIENDSHIP MORNING (COFFEE SHOP)

Friendship Morning takes place on Wednesday mornings at the church providing a drop in coffee shop and an opportunity for those seeking social interaction, companionship, practical and prayer support. A Christian talk is given weekly as well as a small time of worship and prayer. Attendance has fluctuated throughout the year with numbers between 15-25 attendees.

5.4.5 THE ALPHA COURSE

The Alpha Course has taken place throughout the year. The course is designed for new Christians; those with a nominal faith; or those exploring faith. 4 courses ran in 2022 with 22 participants attending either on Monday mornings or a Tuesday evening. A follow-up group has also been running all year at church which has helped with discipleship, training and helping people integrate into church life. 2 of those that have attended the course in 2022 have subsequently been baptised. 7 are also regularly attending a church.

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GBC – TRUSTEES’ ANNUAL REPORT & FINANCIAL ACCOUNTS for 2022

5.4.6 CRAFT TIME

Craft Time is a fully inclusive community Christian outreach group that meets fortnightly on a Thursday at church. A regular Christian message is given whilst attendees bring along their own crafts to do which includes knitting, crochet, lacemaking, drawing & painting and card making. Opportunities to learn IT skills (for example, how to get the most out of smart-phones) are also provided. During 2022 there were 29 regular attendees. Other activities participants took part in during the year included a Christmas lunch and sale of work. The group regularly supports charitable causes and during 2022 raised £600 for its chosen charity the Teenage Cancer Trust.

5.4.7 LUNCH CLUB

Lunch Club was unable to restart in 2022 due to ill-health.

5.4.8 BRUNCH CLUB

Brunch Club is aimed at the families of primary school age children and resumed in the October half term. It provided a cooked as well as a continental breakfast for attendees alongside a wide range of craft and play activities. At Christmas 2022 the Brunch Club was run in partnership with Medway Adult Education and Medway Go. Medway Go runs clubs for those eligible for free school meals.

6. HELP AND SUPPORT FOR THE LOCAL COMMUNITY

6.1 CHRISTIANS AGAINST POVERTY (CAP DEBT CENTRE)

The Christians Against Poverty (CAP) Debt Centre had a busy year due to the cost of living crisis, with many past clients on a stable management budget finding themselves struggling to make ends meet. Thankfully, the centre has not faced financial difficulty and has continued to help those in need. A number of events have taken place during the year, notably: a ‘Green Doctors’ event (‘Green Doctors’ is a charity which helps people with fuel efficiency advice); a ‘Come and Take’ morning to offer donated items to those in need; 86 Christmas hampers from the Kingsway International Christian Centre (KICC) were also delivered to CAP clients and others. Contacts were invited to a number of evangelistic events throughout the year (such as the Churches Together in Medway Christmas Connect) with many also opting to attend the Alpha course.

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GBC – TRUSTEES’ ANNUAL REPORT & FINANCIAL ACCOUNTS for 2022

6.2 FAMILY OUTREACH WORKER (FOW)

Our Family Outreach Worker (FOW) works in partnership with St Mary Magdalene Church on Gillingham Green to deliver a number of activities. A ‘Coffee Morning’ has run almost every Tuesday throughout the year with up to 14 people attending. This provides a safe space for families to talk about issues and challenges affecting them. At the last meeting of the year a ‘bring and share lunch’ was held which was a great success.

The Toddler group has continued to meet on a Thursday during term time with 10 families that regularly attend. During the summer holidays a 4 day event was held at St Mary Magdalene where families could take part in games, enjoy lunch and watch a film.

Pre-school coffee on a Friday has seen increased interest during 2022 with up to 12 people now attending. This provides a supportive and caring environment for parents/carers whilst their children attend the pre-school. A safe play area is provided for children and babies too.

6.3 THE CHURCH PREMISES

The Church premises were also used by various organisations/groups and individuals from the local community. These included:

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GBC – TRUSTEES’ ANNUAL REPORT & FINANCIAL ACCOUNTS for 2022

7. MISSION

During the year, the church financially supported Mission Aviation Fellowship (MAF) and gave personal support to Mark and Sarah Newnham who work for them as well as to the Baptist Missionary Society, Christians Against Poverty, the South East Baptist Association (SEBA) and the Family Trust. We also continued our sponsorship of a child in Haiti through Compassion UK. We gave small donations to Good News for Everyone (formerly the Gideons) and African Pastors Fellowship. In addition, the Mission budget helped cover the employment of a Family Outreach Worker to assist local people. All the above support was agreed by the Church Members’ Meeting.

The Mission Team also had £1,000 of unallocated monies to administer and these went to:-

8. SAFEGUARDING

The Church continues to recognise its responsibilities for safeguarding children and adults at risk. This comprises an agenda item at the monthly Church Leadership Team (Trustees) meetings and, at its annual meeting, the church confirmed this commitment through the reading of the annual safeguarding statement. DBS checks on new and existing volunteers were carried out through 2022 and no incidences were reported. Safeguarding training of all relevant staff is due in 2023.

9. HEALTH AND SAFETY

2022 was a quiet year in Health &Safety terms. We budgeted for 3 or 4 more fire door replacements in order to continue to reach recommendations made in a professional 2017 Fire Safety Survey. However, a roof repair and other bills ruled that out. A break-in during late 2021 led to nearly £3k being spent on a more secure final fire exit door on the Main Hall stage during 2022.

The Fire Marshal & Evac chair course was attended by 23 people. This was followed by 4 training sessions (to accommodate small groups of marshals) in the procedure to be followed in the church. General procedures were shared with the congregation during a Sunday service.

No periodic inspections or servicing were due in 2022. All annual ones took place e.g. PAT tests, fire extinguishers, lift inspections, and gas boiler. Finally, First Aid certificates expired as a result of the Covid pandemic lockdowns. New training has been booked for 2023.

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GBC – TRUSTEES’ ANNUAL REPORT & FINANCIAL ACCOUNTS for 2022

10. GDPR - UK

The church continues to respond to changes required in law with regard to data protection. All policies and documentation are kept under systematic review and updated accordingly.

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GBC – TRUSTEES’ ANNUAL REPORT & FINANCIAL ACCOUNTS for 2022

11. FINANCIAL REVIEW

11.1 INCOME & EXPENDITURE

Increased giving from our members and attendees has continued to help with our expenses during 2022. The rental income decreased as groups with Medway Council connections were transferred to Britten House, a recent acquisition of the council. We continued to have a steady income from the Preschool and 2 other church groups that use our premises.

We were operating again for the complete year, so our running costs are as they were pre-pandemic. We had new energy contracts for gas and electricity before the pandemic and have benefited from lower costs. A new contract for electricity will come into effect during 2023.

There was a final surplus of £9,200 of income against expenditure for the year. This surplus has been carried forward to 2023. We are aware that there will be increases due to inflation in premises costs as well as in staff costs and when the gas and electricity contracts are renewed.

The grant income for CAP which came in during 2021 was sufficient with other regular contributions to cover all CAP expenses. We will now need to cover future expenses from the general fund. Funding was received from the Kent Community Foundation to secure the role of the Family Outreach Worker until May 2023.

11.2 LOAN REPAYMENTS

We still have one loan outstanding: to the Baptist Building Fund. £1,500 a month continues to be transferred from the General Funds to the Project Fund to help cover these repayments. The loan from the Baptist Building Fund will be repaid from these transfers and from pledges by church members. Some pledges have been withdrawn, but other contributions have been made, some significant. If current contributions continue, the church is now on track to repay this loan over 7 years, 3 years early.

11.3 CONFLICTS OF INTEREST

No payments were made to ‘Connected People’. The Trustees ensure that if there is ever a conflict of interest regarding any matter, then this is declared, and the person with the conflict of interest takes no part in any discussion or decision regarding the matter being considered.

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GBC – TRUSTEES’ ANNUAL REPORT & FINANCIAL ACCOUNTS for 2022

11.4 PENSION FUND

The Baptist Pension Fund has made an agreement with Just Group Insurance that takes the pension fund out of a shortfall position. From August 2022 our contributions have been reduced to £1 p.m.

The financial results for the year are set out in the accompanying accounts.

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GILLINGHAM BAPTIST CHURCH

STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDING 31ST DECEMBER 2022

Note
Income & Endowments
Donations & Legacies
25
Investment Income
26
Charitable Activities
27
Other Income
28
Trading Activities
29
Total Receipts
Expenditure
Charitable Activities
13,15
18-
22
Total Expenditure
Net Income/Expenditure for the year
before gains/losses of Fixed Assets
Net Gains/Loss on Sale of Fixed Assets
Net Income before transfer
Transfer Between Funds
Net Income before other
recognised losses		 2022 2021 2021
Unrest-
Unrestricted Designated Restricted Total Total
£ £ £ £ £
126,253 0 60,282
186,535		 225,776
798 0 0
798		 47
358 0 5,895
6,253		 3,501
477 0 0
477		 1,196
19,326 0 0
19,326		 19,077
147,212 0 66,177
213,389		 249,597
119,114 382 52,906
172,402		 169,734
119,114 382 52,906
172,402		 169,734
28,097 -382 13,271
40,987		 79,864
0 0 0
0		 0
28,097 -382 13,271
40,987		 79,864
-21,808 19,908 1,900
0		 0
6,289 19,526 15,171
40,987		 79,864

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GBC – TRUSTEES’ ANNUAL REPORT & FINANCIAL ACCOUNTS for 2022

Gains/Losses on Deferred Benefit
Pension Scheme
5
Net Movement of Funds
Reconciliation of Funds
Total Funds brought forward
Total Funds carried forward
48,500
0
0
48,500		 29,300
54,789
19,526
15,171
89,487		 109,164
-21,185
12,500
468,210
459,527		 350,363
33,605
32,026
483,381
549,013		 459,527

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GBC – TRUSTEES’ ANNUAL REPORT & FINANCIAL ACCOUNTS for 2022

GILLINGHAM BAPTIST CHURCH

BALANCE SHEET AT 31st DECEMBER 2022

Fixed Assets
Tangible Fixed Assets
Current Assets
Bank
Baptist Union Corporation
Cash
Prepayments
Debtors
Current Liabilities
Accruals & Creditors
Loans falling due within one year
Net current Assets
Loans falling due after one year
Net Assets excluding Pension Liability
Defined Benefit Pension liability		 Note
23
6
7
8
9
10
11
12
12
5		 2022
£
£
619,018
28,595
65,944
171
5,839
5,958

106,507

1,513

25,000

26,513

79,994
150,000

150,000
549,012
0
 2021
£
£
629,138
28,719
35,646
154
6,032
7,271
77,822
1,433
25,000
26,433
51,389
172,500
172,500
508,027
48,500
**106,507 ** 77,822
1,513
25,000		 1,433
25,000
26,513 26,433
150,000
0		 172,500
48,500

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GBC – TRUSTEES’ ANNUAL REPORT & FINANCIAL ACCOUNTS for 2022

Total Net Assets
Charity Funds
14
Unrestricted
33,605
Designated
32,026
Endowment
0
Restricted
483,381
Total Funds		 549,012
-21,183
12,500
0

468,210
549,012		 459,527
459,527

The Notes on Pages (14-25) form an integral part of the accounts.

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GBC – TRUSTEES’ ANNUAL REPORT & FINANCIAL ACCOUNTS for 2022

GILLINGHAM BAPTIST CHURCH

Notes to the Accounts

A new depreciation policy was agreed by the Trustees in 2019 it is as follows:

Only items with a value exceeding £1,000 will be included as Capital Expenditure and therefore depreciated. The following rates of depreciation were agreed:

Keyboard (purchased in 2016) 5 years Chairs in Worship Area 10 years Stacking Chairs 5 years PA & Audio equipment 5 years

The Trustees agreed to depreciate the Yamaha electric Keyboard purchased in 2016 at the rate of 20% of cost price per year. This was fully depreciated in 2020.

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GBC – TRUSTEES’ ANNUAL REPORT & FINANCIAL ACCOUNTS for 2022

3 Reserves

The Trustees consider that the current assets shown on the balance sheet are sufficient reserves to maintain current operational activities.

4 Related Charities

The Custodian Trustee of the church is the Baptist Union Corporation Limited (BUC) which is charity number 249635, and which is controlled by the Baptist Union Council. The church is also a member of the Baptist Union of Great Britain, and the South Eastern Baptist Association.

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GBC – TRUSTEES’ ANNUAL REPORT & FINANCIAL ACCOUNTS for 2022

GILLINGHAM BAPTIST CHURCH

Notes to the Accounts

5 Pension

The Church is a participating employer in the Baptist Pension Scheme (“the Scheme”), which is a separate legal entity administered by the Pension Trustee (Baptist Pension Trust Limited). The assets of the scheme are held separately from those of the Employer and the other participating employers.

The Scheme previously known as the Baptist Ministers’ Pension Fund started in 1925, but was closed to future accrual of defined benefits on 31 December 2011. Prior to this date the main benefit provided through the Defined Benefit (DB) Plan was a pension of one eightieth of final minimum pensionable income for each year of pensionable service together with additional pension in respect of premiums paid on Pensionable income in excess of Minimum Pensionable Income.

From January 2012, pension provision is being made through the Defined Contribution (DC) Plan within the Scheme. In general, members pay 8% of their Pensionable Income and employers pay 6% of members’ Pensionable Income into individual pension accounts, which are operated and managed on behalf of the Pension Trustee by Legal and Broadstone Corporate Benefits Limited. In addition, the employer pays a further 4% of Pensionable Income to cover Death in Service Benefits, administration costs, and an associated insurance policy which provides income protection for Scheme members in they are unable to work due to long-term incapacity. This income protection policy has been insured by the Baptist Union of Great Britain with Aviva Limited. [Members of the Basic Section pay reduced contributions of 5% of Pensionable Income, and their employers also pay a total of 5%].

The Scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This is because it is not possible to attribute the Scheme’s assets and liabilities to specific employers and means that the scheme is accounted for as if the Scheme were defined contribution scheme

The Minister is a member of the Scheme

Actuarial valuation as at 31 December 2019

A formal valuation of the DB Plans at 31 December 2019 by a professionally qualified Actuary using the Projected Unit Method. At the valuation date the market value of the DB Plan assets was £298 million, whilst the level of assets needed to pay benefits was £316 million,giving a deficit of £18 million (equivalent to a past service funding level of 94%). The church and the other participating employers in the DB Plan are collectively responsible for funding this deficit.

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GBC – TRUSTEES’ ANNUAL REPORT & FINANCIAL ACCOUNTS for 2022

BC – TRUSTEES’ ANNUAL REPORT & FINANCIAL ACCOUNTS for 2022
The key financial assumptions underlying the valuation were as follows
Type of
assumption
RPI price inflation assumption
CPI price inflation assumption
Minimum Pensionable Income increases Adjustment (above CPI)
Pre-retirement assumed investment returns (gift yield plus 1.75%)
Post retirement assumed investment returns (including benefits matched by the
insurance policy ) (gift yield plus 0.5%)
Minimum Pensionable Income increases (CPI plus 0.5%)
Deferred pension increased (based on RPI
- Pre April 2009
- Post April 2009
Pension increases
- Based on RPI with an annual floor of 0% and annual cap of 5%
% pa
3.20
2.70
0.50
2.95
1.70
3.20
3.20
2.5
2.70

Mortality is assumed in accordance with 80% of the S3NA Standard mortality table. Future improvements projected from 2013n in line with the ‘CMI 2019’ projection, with a long term annual rate of improvement of 1.75%p.a. for males and 1.5% p.a for females with the core smoothing parameter and with additional initial mortality improvements fact A=0.5%

The next actuarial valuation of the DB Plan within the Scheme is due to take place not later than 31 December 2022

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GBC – TRUSTEES’ ANNUAL REPORT & FINANCIAL ACCOUNTS for 2022

GILLINGHAM BAPTIST CHURCH

Notes to the Accounts

Recovery Plan

In addition to the contributions to the DC Plan set out above, where a valuation of the DB Plan reveals a deficit the Trustee and the Council agree to a rate of deficiency contributions from Churches and other employers involved in the DB Plan.

Under the current Recovery Plan signed in September 2020, deficiency contributions are payable until June 2026. These contributions are broadly based on the employer's membership at 31 December 2014 and increase annually in line with increases to Minimum Pensionable Income as defined in the Rules.

Movement in Balance Sheet liability

Movement in Balance Sheet liability
Bal b/f
Pension Deficit
Movement in Balance Sheet
Deficit Payments Due
Balance Sheet Liability at year start
Deficiency Contribution Paid
Reduction in Deficit Payments by BU re
Covid
Balance sheet liability at year end		 2022
£
48,500
0
48,500
3,746
2,217
0
0		 2021
£
77,800
48,500
29,300
3,746
3,746
0
0

48,500
29,300
3,746
3,746
0
0

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GBC – TRUSTEES’ ANNUAL REPORT & FINANCIAL ACCOUNTS for 2022

GILLINGHAM BAPTIST CHURCH

Notes to the Accounts

6
Bank
GBC
Steps (held in GBC bank)
Boys' Brigade
Holiday
Craft
Lunch (held in GBC bank)
7
Baptist Union
General Funds
8
Cash
GBC (Petty Cash)
STEPS – Cash
Boys' Brigade
Lunch Club
Craft Time
Flowers
9
Prepayments
Bridge Insurance Brokers
Business Stream
Siemens finance
Onecom/Plus Net
Virgin Media
Medway Council		 2022
£
18,185
245
9,428
0
637
100
28,595
65,944
65,944
18
23
13
16
66
35
171
5,540
26
0
41
10
222		 2021
£
19,803
243
8,584
0
89
28,719
35,646
35,646
41
7
38
16
15
37
154
5,494
24
251
39
10
215

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GBC – TRUSTEES’ ANNUAL REPORT & FINANCIAL ACCOUNTS for 2022

10
Debtors
HMRC
West Kent Domiciliary Care/Choice
Support
11
Accruals
Total – Gas
SSE
Vodafone
Co-operative Bank -Visa
Kent County Supplies (KCS)
12
Loans Outstanding
Accounts Repayable
Within one year
After one year
Thank you Offering (5 years at £2,500 pa)		 5,839
5,958
0
5,958
860
205
0
243
205
1,513
Baptist
Building
Fund
2022 Total
25,000
25,000
137,500
137,500
12,500
12,500
175,000
175,000		 6,032
7,271
0
7,271
716
452
0
192
73
1,433
Baptist
Building
Fund
2021 Total
25,000
25,000
162,500
162,500
10,000
10,000
197,500
197,500

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GBC – TRUSTEES’ ANNUAL REPORT & FINANCIAL ACCOUNTS for 2022

GILLINGHAM BAPTIST CHURCH

Notes to the Accounts

13 Organisations
Brigades
Opening Balance
Income
Gift Aid (under GA in SoFA)
Expenditure
Transfer of Funds
Closing Balance
Craft Time
Opening Balance
Income
Expenditure
Transfer of Funds to Gen.
Closing Balance
STEPS
Opening Balance
Income
Expenditure from Cash/bank
Expenditure from Bank (under Conf & Mat in
SOFA)
Closing Balance
Lunch Club		 2022
Unrestricted
Restricted
Total
£
£
£
0
8,622
8,622
0
4,253
4,253
0
175
175
0
3,383
3,383
0
0
0
0
9,667
9,667
0
104
104
0
922
922
0
221
221
0
100
100
0
704
704
0
251
251
0
202
202
0
150
150
0
36
36
0
268
268		 2021
Total
£
7,367
2,402
225
1,372
0
8,622
162
903
911
50
104
248
75
73
0
251

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GBC – TRUSTEES’ ANNUAL REPORT & FINANCIAL ACCOUNTS for 2022

Opening Balance
Income
Expenditure
Transfer to General
Closing Balance
Totals
Opening Balance
Income
Gift Aid (under GA in SoFA)
Expenditure
Transfers Out
Closing Balance		 0
16
16
0
100
100
0
0
0
0
0
0
0
116
116
0
8,992
8,992
0
5,477
5,477
175
175
0
3,790
3,790
0
100
100
0
10,755
10,755		 100
46
130
0
16
7,877
3,426
225
2,486
50
8,992

25

GBC – TRUSTEES’ ANNUAL REPORT & FINANCIAL ACCOUNTS for 2022

GILLINGHAM BAPTIST CHURCH

Notes to the Accounts

14 Restricted, Designated & Unrestricted Funds

Land & Buildings – GBC
Fixtures & Fittings
General
Pension Deficit
Project Sensory Room
Project 2 (for Loan
Repayments)
Loans to be Repaid
Flowers
Mission
Christians Against
Poverty(CAP)
CAP Smile
Family Outreach Worker
Church Family Fund
Brunch Club
Organisations		 2022
Unrestricted
Restricted
Total
General
Designated
£
£
£
£
0
0
600,000
600,000
0
1,526
17,492
19,018
36,512
0
0
36,512
0
0
0
0
0
0
240
240
0
30,500
23,793
54,293
0
0
-175,000
-175,000
0
0
65
65
0
0
-58
-58
0
0
565
565
0
0
2,632
2,632
0
0
2,378
2,378
0
0
339
339
0
0
179
179
0
0
10,755
10,755
36,512
32,026
483,380
551,918		 2021
Total
£
600,000
29,138
27,317
-48,500
140
21,298
-197,500
37
50
12,456
2,484
2,861
317
436
8,992
459,527

26

GBC – TRUSTEES’ ANNUAL REPORT & FINANCIAL ACCOUNTS for 2022

GILLINGHAM BAPTIST CHURCH

Notes to the Accounts

15
Salaries and Related
Salaries
Furlough Rebate
DBS Check
Sub Contractor
Pension
Contributions
Pension Deficit
Manse Expenses		 Expenses
Unrestricted		 Expenses
Unrestricted		 2022
Designated
Restricted
43,153.14 0
0 0
0 0
0 0
5,688 0
2,223 0
7,529 0
58,593 0

The Church started the year with 7 employees and finished the year with 6 - A full time Minister, a part time Administrator, a part time Debt Centre Manager, a part time Family Outreach Worker, a part time Site Manager and two, then one, part time Cleaners. No employee was paid more than £60,000. The Minister is, by the nature of his employment, also a Trustee of the Church. His total remuneration, including Housing Allowance was £31,556

The Minister’s employment entitles the minister to free accommodation in a house either owned or rented by the Church and for which the Church pay the council tax, water bills, and 25% of the gas & electricity bills. The church also provide phone & Internet. (shown under Manse Expenses). The Church pay rent to the Minister, who owns his own property. This is also shown under Manse Expenses.

Further funding has allowed the Family Outreach Worker (FOW) role to continue and it is anticipated that it will continue till the end of June 2022. The role is then dependent on further funding.

27

GBC – TRUSTEES’ ANNUAL REPORT & FINANCIAL ACCOUNTS for 2022

GILLINGHAM BAPTIST CHURCH

Notes to the Accounts

16
Loans
Baptist Building Fund Balance b/f
Thank Offering Gift
Repayments
Balance of Loan		 2022
£
197,500
2,500
-25,000
175,000		 2021
£
220,000
2,500
-25,000
197,500

Loan is repayable over 10 years with 20 six-monthly payments of £12,500. The loan was paid directly into the church account in August 2018 and repayments started in August 2019. As per the request of the Baptist Building Fund two extra payments will be made after the loan has been repaid. The Trustees agreed to reflect this as a liability of £2,500 a year for 10 years. This is currently totalling £12,500.

totalling £12,500.
Baptist Union: Balance b/f
Interest Accrued (in SOFA exp)
Repayments
Balance of Loan		 2022
0
0
0
0		 2021
69,927
527
-70,453
0.00

Loan is repayable over 10 years. Interest is accrued on a daily basis. Interest rate is variable but it is lower than commercial rates. The current rate is 3.5%. Repayments are made on a monthly basis and started one month after the loan was drawn down. Loan repayments are shown under ‘Projects 2 Loan Repayments’

This loan has now been repaid.

28

GBC – TRUSTEES’ ANNUAL REPORT & FINANCIAL ACCOUNTS for 2022

17
Christians Against Poverty Expenditure
Designated
75
Salary (shown under salaries)
6,864
Fees (shown under finance fees)
6,864
Expenses shown under CAP
Contribution to CAP HQ
0
Smile
0
Other CAP Expenditure
0		 17
Christians Against Poverty Expenditure
Designated
75
Salary (shown under salaries)
6,864
Fees (shown under finance fees)
6,864
Expenses shown under CAP
Contribution to CAP HQ
0
Smile
0
Other CAP Expenditure
0		 17
Christians Against Poverty Expenditure
Designated
75
Salary (shown under salaries)
6,864
Fees (shown under finance fees)
6,864
Expenses shown under CAP
Contribution to CAP HQ
0
Smile
0
Other CAP Expenditure
0		 Restricted 2022
£
6,864
9,660
119
6,864 9,778
0 6,300
0 1,742
1,301
0 9,342

The Church Members’ meeting of July 2016 agreed to continue hosting the CAP Debt Centre. As part of this commitment it was agreed to make an annual contribution to CAP HQ, employ a Debt Centre Manager and meet other designated costs.

Until the end of 2019 the CAP Debt Centre Manager’s Salary was paid from General Funds. From 2020 it was agreed to transfer the Salary from the General Funds to CAP designated and pay it from there so that the actual costs of running the Debt Centre could more easily identified.

Throughout 2022 the centre was funded by a grant from the Kent Community Foundation in addition to donations from members and friends of the church.

29

GBC – TRUSTEES’ ANNUAL REPORT & FINANCIAL ACCOUNTS for 2022

GILLINGHAM BAPTIST CHURCH

Notes to the Accounts
18
Other Activities
Children’s Church
Youth Work
Conferences & Training
Travel
Visiting Preachers
Outreach
Thank You Gifts
19
Upkeep of Church Premises
Repairs & Maintenance
Water Rates
Heat & Light
Insurance & Valuation
20
Administration
Telephone
Printing
Office Supplies
Publicity
Finance Fees
Membership Fees
21
Supplies and Services
Materials
Small Equipment		 2022
Unrestricted
Designated
Restricted
Total
£
£
£
120
0
0
120
0
0
0
0
965
0
0
965
401
0
461
862
325
0
0
325
887
0
0
887
47
0
0
47
2,745
0
461
3,206
12,338
0
0
12,338
168
0
0
168
7,924
0
0
7,924
5,494
0
0
5,494
25,924
0
0
25,924
489
0
0
489
3,630
0
0
3,630
809
0
0
809
0
0
0
0
593
0
237
831
977
0
0
977
6,498
0
237
6,735
2,441
0
36
2,476
1,402
0
0
1,402		 Total
£
344
106
5
725
200
483
78
1,941
19,193
158
7,822
5,250
32,423
373
2,786
733
0
797
1,003
5,692
1,853
1,524

30

GBC – TRUSTEES’ ANNUAL REPORT & FINANCIAL ACCOUNTS for 2022

C – TRUSTEES’ ANNUAL REPORT & FINANCIAL ACCOUNTS for 2022
Refreshments
Media & Books
Music & Organ
Flowers
Depreciation (Designated)		 802
0
586
1,388
633
0
0
633
1,714
0
0
1,714
0
0
389
389
0
382
11,646
12,028
6,993
382
12,656
20,030		 279
701
1,537
139
11,646
17,679

31

GBC – TRUSTEES’ ANNUAL REPORT & FINANCIAL ACCOUNTS for 2022

GILLINGHAM BAPTIST CHURCH

Notes to the Accounts

22
Grants to Charitable Causes
Home Mission
Missionary Aviation Fellowship
BMS World Mission
BMS World Mission (Guinebor)
BMS World Mission (Shrubsoles)
BMS Ukraine
The Family Trust
M & S Newnham (Includes Taxi)
Compassion re Wilkenson
Tear Fund
Medway Good News for Life (Gideons)
SEBA (bread of Life)
Barnabas Fund
FEBA Radio
SAT-7 UK
Hope Health Action
African Pastors Fellowship
Leprosy Mission
The Children’s Society
Samaritans Purse
AMAT
Donations From Church Family Fund		 2022
Unrestricted
Restricted
Total
£
£
£
5,200
0
5,200
5,000
0
5,000
4,300
250
4,550
0
900
900
0
0
0
0
1,504
1,504
1,200
0
1,200
800
300
1,100
450
0
450
13
681
693
250
0
250
400
0
400
200
0
200
200
0
200
200
0
200
0
0
0
150
0
150
0
162
162
0
0
0
0
0
0
529
529
18,363
4,326
22,688
0
250
250		 2021
Total
£
5,000
4,800
4,800
900
625
0
1,200
1,300
430
2,683
200
200
0
0
0
100
120
716
120
200
0
23,394
1,012

32

GBC – TRUSTEES’ ANNUAL REPORT & FINANCIAL ACCOUNTS for 2022

GILLINGHAM BAPTIST CHURCH

Notes to the Accounts

23 Tangible Fixed Assets
Cost
at 1 January
Additions
Revaluation Gain
Disposals
31stDec
Depreciation
Change in year
Disposals
Total
Net Book Values
at 31st December 2020
Premises Funded by
Church Building – Restricted
Manse – Restricted		 2022
Freehold Land
Fixtures
& Buildings
& Fittings
£
£		 Total
£
629,138
1,908
0
0
631,046
12,028
0
12,028
619,018
2022
600,000
0
600,000		 2021
Total
£		 2021
Total
£
600,000
29,138		 640,784
0
1,908		 0
0 0
0
0		 0
600,000
31,046		 640,784
0
12,028		 11,646
0
0		 0
0
12,028		 11,646
600,000
19,018		 629,138
2021
600,000
0
600,000
600,000

33

GBC – TRUSTEES’ ANNUAL REPORT & FINANCIAL ACCOUNTS for 2022

Mr. Julian Scannell FRICS IRRV MCIArb MEWI of Watson Day, chartered surveyors, valued the church building in December 2014 and put a value of £1,625,000 on the premises. This valuation was done on the basis of the building being a Specialist Property and on the basis of depreciated replacement cost. A new valuation was carried out in March 2020 giving the value on 31[st] December 2019. The basis of the valuation is now 'Fair Value' defined as "the price that would be received to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date" This value has been set as £600,000, as at 31/12/2019

The Manse, 5 Seaton Road, was purchased in December 2010 at a cost of £181,000. The Trustees revalued the Manse at the end of 2016 and agreed to value it at £250,000, in line with similar properties in the area. It was sold for £250,000 in August 2018.

Fixtures and Fittings had all been fully depreciated in 2013 A new keyboard was purchased in 2016. The Trustees agreed to depreciate it at 20% of its cost price per year. This is now fully depreciated. A new depreciation policy was agreed by the Trustees in 2019.

Project relates to money raised to refurbish the Lighthouse room. This project was completed in 2020. The fund was then closed.

Project 1 relates to the money raised for, or contributed to, the Building Project. This project was completed in 2020 and the fund was then closed

Project 2 relates specifically to money raised for Loan repayments. Together with the money that has been pledged to repay these loans the church will need to transfer £1,500 a month from its General funds into this fund to ensure there are sufficient funds available to repay all loans over the next ten years. If the income given specifically to Project 2 varies then this figure may change accordingly. This fund is currently on track.

Project 3 relates to money retained from payments to the Builder. This payment was made in 2020 and the fund was then closed

34

GBC – TRUSTEES’ ANNUAL REPORT & FINANCIAL ACCOUNTS for 2022

GILLINGHAM BAPTIST CHURCH

Notes to the Accounts

25
Donations & Legacies
Offerings
Donations to Charitable Activities
Donations for Projects
Christians Against Poverty
Family Outreach Worker
Donations to Church Family Fund
Income Tax Recovered on
Offerings
26
Investment Income
Bank Interest
27
Charitable Activities
Flowers
Refreshments
Holiday
Organisations
13
28
Other Income
Other Income		 Unrestricted
£		 2022
Desig-
nated
Restricted
£
£		 2022
Desig-
nated
Restricted
£
£
110,399 0
0 0
0 0
0 0
0 0
0 0
15,853 0
126,253 0
798 0
798 0
0 0
358 0
0 0
0 0
358 0
477 0
477 0

35

GBC – TRUSTEES’ ANNUAL REPORT & FINANCIAL ACCOUNTS for 2022

29 Trading Activities

Rents
Fund raising Activities re Project
Total Receipts		 19,326
0
0
19,326
0
0
0
0
19,326
0
0
19,326
147,212
0
66,177
213,389		 19,077
0
19,077
249,597

36

rJ. Ji tr4)On5ibilI￿ olThsTee5 Ilw l.-Ii+Jfttl'5 IniNIi) 1111. rtlPllll)Jbii' Ihi. priisw.Np￿1l o! Iht ￿￿t511r￿¥ IThL. ctsJrcbTh J tsllIiL%iLiiisyJL'I ¥ l# lliy ry1M)n￿lNIllv iu Iltsij of iithpeJ¥kiii tsarnirr'xsTAIViklEni l ii IldiiK4 Wiknii f.[-C'.A ML T 11.N 1xiN￿. LAYLYL 41>/2} . Signed by Managing Trustee Signed by Managing Trustee Signed by Managing Trustee 37

GBC – TRUSTEES’ ANNUAL REPORT & FINANCIAL ACCOUNTS for 2022

38

GILLINGHAM BAPTIST CHURCH

STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDING 31ST DECEMBER 2022

2022
2022 2021
Not
e		 Unrest-
Income & Endowments Unrestric
ted		 Designa
ted		 Restric
ted		 Total Total
£
 £
 £
 £
 £
Donations & Legacies
25		 126,253 0 60,282
186,53
5		 225,77
6
Investment Income
26		 798 0 0
798		 47
Charitable Activities
27		 358 0 5,895
6,253		 3,501
Other Income
28		 477 0 0
477		 1,196
Trading Activities
29		 19,326 0 0
19,326		 19,077
Total Receipts 147,212 0 66,177
213,38
9		 249,59
7
Expenditure
Charitable Activities
13,
15		 119,114 382 52,906
172,40
2		 169,73
4
18-
22
Total Expenditure 119,114 382 52,906
172,40
2		 169,73
4
Net Income/Expenditure for the
year
before gains/losses of
Fixed Assets		 28,097 -382 13,271
40,987		 79,864
Net Gains/Loss on Sale of Fixed
Assets		 0 0 0
0		 0
Net Income before transfer 28,097 -382 13,271
40,987		 79,864
Transfer Between Funds -21,808 19,908 1,900
0		 0
Net Income before other
recognised losses 6,289 19,526 15,171
40,987		 79,864
Gains/Losses on Deferred
Beneft
Pension Scheme
5		 48,500 0 0
48,500		 29,300
Net Movement of Funds 54,789 19,526 15,171
89,487		 109,16
4
Reconciliation of Funds
Total Funds brought forward -21,185 12,500 468,210
459,52
7		 350,36
3
Total Funds carried forward 33,605 32,026 483,38
1
549,01
3		 459,52
7

GILLINGHAM BAPTIST CHURCH BALANCE SHEET AT 31st DECEMBER 2022

2022
Note 2022 2021
Fixed Assets £ £ £ £
Tangible Fixed Assets 23 619,0
18		 629,138
Current Assets
Bank 6 28,595 28,719
Baptist Union Corporation 7 65,944 35,646
Cash 8 171 154
Prepayments 9 5,839 6,032
Debtors 10 5,958 7,271
106,50
7		 77,822
Current Liabilities
Accruals & Creditors 11 1,513 1,433
Loans falling due within one year 12 25,000 25,000
26,513 26,433
Net current Assets 79,99
4		 51,389
Loans falling due after one year 12 150,00
0		 172,50
0
150,0
00		 172,500
Net Assets excluding Pension Liability 549,0
12		 508,027
Defned Beneft Pension liability
5		 0 48,500
Total Net Assets 549,0
12		 459,527
Charity Funds
14

Unrestricted		 33,605 -21,183
Designated 32,026 12,500
Endowment 0 0
Restricted 483,38
1		 468,21
0
Total Funds 549,0
12		 459,527
The Notes on Pages (14-25) form an integral part of the accounts.

GILLINGHAM BAPTIST CHURCH

Notes to the Accounts

A new depreciation policy was agreed by the Trustees in 2019 it is as follows: Only items with a value exceeding £1,000 will be included as Capital Expenditure and therefore depreciated. The following rates of depreciation were agreed: Keyboard (purchased in 2016) 5 years Chairs in Worship Area 10 years Stacking Chairs 5 years PA & Audio equipment 5 years

The Trustees agreed to depreciate the Yamaha electric Keyboard purchased in 2016 at the rate of 20% of cost price per year. This was fully depreciated in 2020.

The Trustees consider that the current assets shown on the balance sheet are sufficient reserves to maintain current operational activities.

4 Related Charities

The Custodian Trustee of the church is the Baptist Union Corporation Limited (BUC) which is charity number 249635, and which is controlled by the Baptist Union Council. The church is also a member of the Baptist Union of Great Britain, and the South Eastern Baptist Association.

GILLINGHAM BAPTIST CHURCH

Notes to the Accounts

5 Pension

The Church is a participating employer in the Baptist Pension Scheme (“the Scheme”), which is a separate legal entity administered by the Pension Trustee (Baptist Pension Trust Limited). The assets of the scheme are held separately from those of the Employer and the other participating employers.

The Scheme previously known as the Baptist Ministers’ Pension Fund started in 1925, but was closed to future accrual of defined benefits on 31 December 2011. Prior to this date the main benefit provided through the Defined Benefit (DB) Plan was a pension of one eightieth of final minimum pensionable income for each year of pensionable service together with additional pension in respect of premiums paid on Pensionable income in excess of Minimum Pensionable Income.

From January 2012, pension provision is being made through the Defined Contribution (DC) Plan within the Scheme. In general, members pay 8% of their Pensionable Income and employers pay 6% of members’ Pensionable Income into individual pension accounts, which are operated and managed on behalf of the Pension Trustee by Legal and Broadstone Corporate Benefits Limited. In addition, the employer pays a further 4% of Pensionable Income to cover Death in Service Benefits, administration costs, and an associated insurance policy which provides income protection for Scheme members in they are unable to work due to long-term incapacity. This income protection policy has been insured by the Baptist Union of Great Britain with Aviva Limited. [Members of the Basic Section pay reduced contributions of 5% of Pensionable Income, and their employers also pay a total of 5%].

The Scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This is because it is not possible to attribute the Scheme’s assets and liabilities to specific employers and means that the scheme is accounted for as if the Scheme were defined contribution scheme

The Minister is a member of the Scheme

Actuarial valuation as at 31 December 2019

A formal valuation of the DB Plans at 31 December 2019 by a professionally qualifed Actuary using the
Projected Unit Method. At the valuation date the market value of the DB Plan assets was £298 million, whilst
the level of assets needed to pay benefts was £316 million,giving a defcit of £18 million (equivalent to a
past service funding level of 94%). The church and the other participating employers in the DB Plan are
collectively responsible for funding this defcit.		 A formal valuation of the DB Plans at 31 December 2019 by a professionally qualifed Actuary using the
Projected Unit Method. At the valuation date the market value of the DB Plan assets was £298 million, whilst
the level of assets needed to pay benefts was £316 million,giving a defcit of £18 million (equivalent to a
past service funding level of 94%). The church and the other participating employers in the DB Plan are
collectively responsible for funding this defcit.
The key fnancial assumptions underlying the valuation were as
follows
Type of
assumption
 % pa
RPI price infation assumption 3.20
CPI price infation assumption 2.70
Minimum Pensionable Income increases Adjustment (above CPI) 0.50
Pre-retirement assumed investment returns (gift yield plus 1.75%) 2.95
Post retirement assumed investment returns (including benefts
matched by the insurance policy ) (gift yield plus 0.5%)		 1.70
Minimum Pensionable Income increases (CPI plus 0.5%) 3.20
Deferred pension increased (based on RPI
- Pre April 2009 3.20
- Post April 2009 2.5
Pension increases
- Based on RPI with an annual foor of 0% and annual cap of 5% 2.70

Mortality is assumed in accordance with 80% of the S3NA Standard mortality table. Future improvements projected from 2013n in line with the ‘CMI 2019’ projection, with a long term annual rate of improvement of 1.75%p.a. for males and 1.5% p.a for females with the core smoothing parameter and with additional initial mortality improvements fact A=0.5%

The next actuarial valuation of the DB Plan within the Scheme is due to take place not later than 31 December 2022

GILLINGHAM BAPTIST CHURCH

Notes to the Accounts

5 Pension (continued)

Recovery Plan

In addition to the contributions to the DC Plan set out above, where a valuation of the DB Plan reveals a deficit the Trustee and the Council agree to a rate of deficiency contributions from Churches and other employers involved in the DB Plan.

Under the current Recovery Plan signed in September 2020, deficiency contributions are payable until June 2026. These contributions are broadly based on the employer's membership at 31 December 2014 and increase annually in line with increases to Minimum Pensionable Income as defined in the Rules.

Movement in Balance Sheet
liability
2022 2021
£ £
Bal b/f 48,50
0		 77,800
Pension Defcit 0 48,500
Movement in Balance Sheet 48,50
0		 29,300
Defcit Payments Due
Balance Sheet Liability at year start 3,746 3,746
Defciency Contribution Paid 2,217 3,746
Reduction in Defcit Payments by BU
re Covid		 0 0
Balance sheet liability at year end 0 0

GILLINGHAM BAPTIST CHURCH

Notes to the Accounts
2022 2021
6
Bank		 £
 £
GBC 18,185 19,803
Steps (held in GBC bank) 245 243
Boys' Brigade 9,428 8,584
Holiday 0 0
Craft 637 89
Lunch (held in GBC bank) 100
28,595 28,719
7
Baptist Union
General Funds 65,944 35,646
65,944 35,646
8
Cash
GBC (Petty Cash) 18 41
STEPS – Cash 23 7
Boys' Brigade 13 38
Lunch Club 16 16
Craft Time 66 15
Flowers 35 37
171 154
9
Prepayments
Bridge Insurance Brokers 5,540 5,494
Business Stream 26 24
Siemens fnance 0 251
Onecom/Plus Net 41 39
Virgin Media 10 10
Medway Council 222 215
5,839 6,032
1
0
Debtors
HMRC 5,958 7,271
West Kent Domiciliary Care/Choice
Support		 0 0
5,958 7,271
1
1
Accruals
Total – Gas 860 716
SSE 205 452
Vodafone 0 0
Co-operative Bank -Visa 243 192
Kent County Supplies (KCS) 205 73
1,513 1,433
1
2
Loans Outstanding
Accounts Repayable Baptist
Building
Fund
2022
Total		 Baptist
Building
Fund
2021
Total
Within one year 25,000
25,000		 25,000
25,000

After one year 137,500 137,500 162,500 162,500 Thank you Offering (5 years at 12,500 12,500 10,000 10,000 £2,500 pa) 175,000 175,000 197,500 197,500

GILLINGHAM BAPTIST CHURCH GILLINGHAM BAPTIST CHURCH
Notes to the Accounts
1
3		 Organisations
2022 2021
Unrestric
ted
Restrict
ed
Total		 Total
Brigades £

£

£
 £
Opening Balance 0
8,622
8,622		 7,367
Income 0
4,253
4,253		 2,402
Gift Aid (under GA in SoFA) 0
175
175		 225
Expenditure 0
3,383
3,383		 1,372
Transfer of Funds 0
0
0		 0
Closing Balance 0
9,667
9,667		 8,622
Craft Time
Opening Balance 0
104
104		 162
Income 0
922
922		 903
Expenditure 0
221
221		 911
Transfer of Funds to Gen. 0
100
100		 50
Closing Balance 0
704
704		 104
STEPS
Opening Balance 0
251
251		 248
Income 0
202
202		 75
Expenditure from Cash/bank 0
150
150		 73
Expenditure from Bank (under Conf &
Mat in SOFA)		 0
36
36		 0
Closing Balance 0
268
268		 251
Lunch Club
Opening Balance 0
16
16		 100
Income 0
100
100		 46
Expenditure 0
0
0		 130
Transfer to General 0
0
0		 0
Closing Balance 0
116
116		 16
Totals
Opening Balance 0
8,992
8,992		 7,877
Income 0
5,477
5,477		 3,426
Gift Aid (under GA in SoFA) 175
175		 225
Expenditure 0
3,790
3,790		 2,486
Transfers Out 0
100
100		 50
Closing Balance 0
10,755
10,755		 8,992

GILLINGHAM BAPTIST CHURCH

Notes to the Accounts

Notes to the Accounts Notes to the Accounts Notes to the Accounts
1
4
Restricted, Designated & Unrestricted Funds
2022
Unrestricted Restrict
ed
Total
Gener
al
Designa
ted
£

£
£
£
Land & Buildings – GBC 0
0
600,000
600,000
Fixtures & Fittings 0
1,526
17,492
19,018
General 36,512
0
0
36,512
Pension Defcit 0
0
0
0
Project Sensory Room 0
0
240
240
Project 2 (for Loan
Repayments)		 0
30,500
23,793
54,293
Loans to be Repaid 0
0
-175,000
-
175,000
Flowers 0
0
65
65
Mission 0
0
-58
-58
Christians Against
Poverty(CAP)		 0
0
565
565
CAP Smile 0
0
2,632
2,632
Family Outreach Worker 0
0
2,378
2,378
Church Family Fund 0
0
339
339
Brunch Club 0
0
179
179
Organisations 0
0
10,755
10,755
36,51
2
32,026
483,38
0
551,918

GILLINGHAM BAPTIST CHURCH

Notes to the Accounts

5
Expenses
2022 2021
Unrestrict
ed		 Designat
ed		 Restricte
d		 Total Total
Salaries 43,153.14 0 19,319
62,472		 59,593
Furlough Rebate 0 0 0
0		 -3,079
DBS Check 0 0 0
0		 40
Sub Contractor 0 0 0
0		 0
Pension
Contributions		 5,688 0 0
5,688		 5,607
Pension Defcit 2,223 0 0
2,223		 3,747
Manse Expenses 7,529 0 0
7,529		 7,412
58,593 0 19,319
77,912		 73,319
The Church started the year with 7 employees and fnished the year with 6 - A full time
Minister, a part time Administrator, a part time Debt Centre Manager, a part time Family
Outreach Worker, a part time Site Manager and two, then one, part time Cleaners. No
employee was paid more than £60,000. The Minister is, by the nature of his employment,
also a Trustee of the Church. His total remuneration, including Housing Allowance was
£31,556

The Church started the year with 7 employees and finished the year with 6 - A full time Minister, a part time Administrator, a part time Debt Centre Manager, a part time Family Outreach Worker, a part time Site Manager and two, then one, part time Cleaners. No employee was paid more than £60,000. The Minister is, by the nature of his employment, also a Trustee of the Church. His total remuneration, including Housing Allowance was £31,556 The Minister’s employment entitles the minister to free accommodation in a house either owned or rented by the Church and for which the Church pay the council tax, water bills, and 25% of the gas & electricity bills. The church also provide phone & Internet. (shown under Manse Expenses). The Church pay rent to the Minister, who owns his own property. This is also shown under Manse Expenses.

Further funding has allowed the Family Outreach Worker (FOW) role to continue and it is anticipated that it will continue till the end of June 2022. The role is then dependant on further funding.

GILLINGHAM BAPTIST CHURCH

Notes to the Accounts

1 Loans
6 2022 2021
£
 £
Baptist Building Fund
Balance b/f 197,500 220,000
Thank Ofering Gift 2,500 2,500
Repayments -25,000 -25,000
Balance of Loan 175,000 197,500
Loan is repayable over 10 years with 20 six-monthly payments of £12,500. The loan
was paid directly into the church account in August 2018 and repayments started in
August 2019. As per the request of the Baptist Building Fund two extra payments will
be made after the loan has been repaid. The trustees agreed to refect this as a
liability of £2,500 a year for 10 years. This is currently totalling £12,500.
2022
2021
Baptist Union: Balance b/f
0
69,927
Interest Accrued (in SOFA
exp)
0
527
Repayments
0
-70,453
Balance of Loan
0
0.00
Loan is repayable over 10 years. Interest is accrued on a daily basis. Interest rate is
variable but it is lower than commercial rates. The current rate is 3.5%. Repayments
are made on a monthly basis and started one month after the loan was drawn down.
Loan repayments are shown under ‘Projects 2 Loan Repayments’
This loan has now been
repaid.
This loan has now been
repaid.
1
7		 Christians Against Poverty
Expenditure		 2022 2021
Designat Restricte Total Total
ed d
£
 £
 £
7 Salary (shown under 6,864 16,524 9,752
5 salaries) 9,660
Fees (shown under fnance 119 39
fees) 119
6,864 9,778 16,642 9,791
Expenses shown under
CAP
Contribution to CAP HQ 0 6,300 6,300 6,300
Smile 0 1,742 1,742 1,000
Other CAP Expenditure 1,301 1,301 1,287
0 9,342 9,342 8,587
The Church Members’ meeting of July 2016 agreed to continue hosting the CAP Debt
Centre. As part of this commitment it was agreed to make an annual contribution to
CAP HQ, employ a Debt Centre Manager and meet other designated costs.
Until the end of 2019 the CAP Debt Centre Manager’s Salary was paid from General
Funds. From 2020 it was agreed to transfer the Salary from the General Funds to CAP
designated and pay it from there so that the actual costs of running the Debt Centre
could more easily identifed.
Throughout 2022 the centre was funded by a grant from the Kent
Community Foundation in addition to donations from members and
friends of the church.

GILLINGHAM BAPTIST CHURCH

Notes to the Accounts 2022
Unrestric
ted
Designat
ed
Restrict
ed
Total		 Total
£

£

£
 £
1
8
Other Activities
Children’s Church 120
0
0
120		 344
Youth Work 0
0
0
0		 106
Conferences & Training 965
0
0
965		 5
Travel 401
0
461
862		 725
Visiting Preachers 325
0
0
325		 200
Outreach 887
0
0
887		 483
Thank You Gifts 47
0
0
47		 78
2,745
0
461
3,206		 1,941
1
9
Upkeep of Church
Premises
Repairs & Maintenance 12,338
0
0
12,338		 19,193
Water Rates 168
0
0
168		 158
Heat & Light 7,924
0
0
7,924		 7,822
Insurance & Valuation 5,494
0
0
5,494		 5,250
25,924
0
0
25,924		 32,423
2
0
Administration
Telephone 489
0
0
489		 373
Printing 3,630
0
0
3,630		 2,786
Ofce Supplies 809
0
0
809		 733
Publicity 0
0
0
0		 0
Finance Fees 593
0
237
831		 797
Membership Fees 977
0
0
977		 1,003
6,498
0
237
6,735		 5,692
2
1
Supplies and Services
Materials 2,441
0
36
2,476		 1,853
Small Equipment 1,402
0
0
1,402		 1,524
Refreshments 802
0
586
1,388		 279
Media & Books 633
0
0
633		 701
Music & Organ 1,714
0
0
1,714		 1,537
Flowers 0
0
389
389		 139
Depreciation (Designated) 0
382
11,646
12,028		 11,646
6,993
382
12,656
20,030		 17,679

GILLINGHAM BAPTIST CHURCH Notes to the Accounts

GILLINGHAM BAPTIST CHURCH
Notes to the Accounts
2022 2021
Unrestrict
ed
Restrict
ed
Total		 Total
2
2
Grants to Charitable Causes		 £

£

£
 £
Home Mission 5,200
0
5,200		 5,000
Missionary Aviation Fellowship 5,000
0
5,000		 4,800
BMS World Mission 4,300
250
4,550		 4,800
BMS World Mission (Guinebor) 0
900
900		 900
BMS World Mission (Shrubsoles) 0
0
0		 625
BMS Ukraine 0
1,504
1,504		 0
The Family Trust 1,200
0
1,200		 1,200
M & S Newnham (Includes Taxi) 800
300
1,100		 1,300
Compassion re Wilkenson 450
0
450		 430
Tear Fund 13
681
693		 2,683
Medway Good News for Life
(Gideons)		 250
0
250		 200
SEBA (bread of Life) 400
0
400		 200
Barnabas Fund 200
0
200		 0
FEBA Radio 200
0
200		 0
SAT-7 UK 200
0
200		 0
Hope Health Action 0
0
0		 100
African Pastors Fellowship 150
0
150		 120
Leprosy Mission 0
162
162		 716
The Children’s Society 0
0
0		 120
Samaritans Purse 0
0
0		 200
AMAT 529
529		 0
18,363
4,326
22,688		 23,394
Donations From Church Family
Fund		 0
250
250		 1,012

GILLINGHAM BAPTIST CHURCH

GILLINGHAM BAPTIST
CHURCH		 GILLINGHAM BAPTIST
CHURCH
Notes to the Accounts
2022 2021
2
3		 Tangible Fixed Assets Freehold
Land
Fixtures		 Total Total
& Buildings
&
Fittings
Cost £

£
 £
 £
at 1 January 600,000
29,138		 629,138 640,784
Additions 0
1,908		 1,908 0
Revaluation Gain 0 0 0
Disposals 0
0		 0 0
31stDec 600,000
31,046		 631,046 640,784
Depreciation
Change in year 0
12,028		 12,028 11,646
Disposals 0
0		 0 0
Total 0
12,028		 12,028 11,646
Net Book Values
at 31st December 2020 600,000
19,018		 619,018 629,138
Premises Funded by 2022 2021
Church Building – Restricted 600,000 600,000
Manse – Restricted 0 0
600,000 600,000
600,000

Mr. Julian Scannell FRICS IRRV MCIArb MEWI of Watson Day, chartered surveyors, valued the church building in December 2014 and put a value of £1,625,000 on the premises. This valuation was done on the basis of the building being a Specialist Property and on the basis of depreciated replacement cost. A new valuation was carried out in March 2020 giving the value on 31[st] December 2019. The basis of the valuation is now 'Fair Value' defined as "the price that would be received to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date" This value has been set as £600,000, as at 31/12/2019

The Manse, 5 Seaton Road, was purchased in December 2010 at a cost of £181,000. The trustees revalued the Manse at the end of 2016 and agreed to value it at £250,000, in line with similar properties in the area. It was sold for £250,000 in August 2018.

2 Fixtures and Fittings had all been fully depreciated in 2013 A new keyboard was purchased in 2016. The trustees agreed to depreciate it at 20% of its cost price per year. This is now fully depreciated. A new depreciation policy was agreed by the Trustees in 2019.

2 Building Project (Fund for 4 Future)

Project relates to money raised to refurbish the Lighthouse room. This project was completed in 2020. The fund was then closed.

Project 1 relates to the money raised for, or contributed to, the Building Project. This project was completed in 2020 and the fund was then closed

Project 2 relates specifically to money raised for Loan repayments. Together with the money that has been pledged to repay these loans the church will need to transfer £1,500 a month from its General funds into this fund to ensure there are sufficient funds available to repay all loans over the next ten years. If the income given specifically to Project 2 varies then this figure may change accordingly. This fund is currently on track.

Project 3 relates to money retained from payments to the Builder. This payment was made in 2020 and the fund was then closed

GILLINGHAM BAPTIST CHURCH Notes to the Accounts

GILLINGHAM BAPTIST
CHURCH
Notes to the Accounts
2022 2021
Desi
g-
Unrestric
ted		 nate
d		 Restrict
ed		 Total Total
2
5
Donations & Legacies		 £
 £
 £
 £
 £
Oferings 110,399 0 0
110,399		 101,206
Donations to Charitable
Activities		 0 0 4,083
4,083		 4,919
Donations for Projects 0 0 33,456
33,456		 68,560
Christians Against Poverty 0 0 7,144
7,144		 17,474
Family Outreach Worker 0 0 7,398
7,398		 740
Donations to Church Family
Fund		 0 0 254
254		 391
Income Tax Recovered on
Oferings		 15,853 0 7,948
23,801		 32,485
126,253 0 60,282
186,535		 225,776
2
6
Investment Income
Bank Interest 798 0 0
798		 47
798 0 0
798		 47
2
7
Charitable Activities
Flowers 0 0 417
417		 30
Refreshments 358 0 0
358		 45
Holiday 0 0 0
0		 0
Organisations
1
3		 0 0 5,477
5,477		 3,426
358 0 5,895
6,253		 3,501
2
8
Other Income
Other Income 477 0 0
477		 1,196
477 0 0
477		 1,196
2
9
Trading Activities
Rents 19,326 0 0
19,326		 19,077
Fund raising Activities re
Project		 0 0 0
0		 0
19,326 0 0
19,326		 19,077
Total Receipts 147,212 0 66,177
213,389		 249,597

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