Charlty numbw. 1172326
ROMFORD BAPTIST CHURCH
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
VINT

ROMFORD BAPTIST CHURCH
coKrEKrs
R•f8rnnc• and Admlnlstratlv• Delalls of th• Charhy, Its Trustws and Advisers
Trusto•s' Report
Independent Audltors. Report on the Flnanclal Slatements
statem•nt of Flnancial Activltl•s
3-11
12-15
16
Balance Sheet
17
Ststement r*f Cash Flows
18
Notes to the Financial Statements
19-32

ROMFORD BAPTIST CHURCH
REFERENCE AND ADIAINISTRATIVE DETAILS OF THE CHARITY, rrs TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER2023
Trustees
H Ayris. Secretary
S Tunde, Treasu
Rev. l J Bunce
B Schulte
Rev. J R Love8nJ
J J G￿va-MalekodUnmI
R S Ebom (resigned 31 December 20231
Rev. V J Bunce
J L Brown (resi￿ed 31 Jan￿ry 20231
K S Yates
E O Ar0￿￿10
F O La¥wdni
D Smith (8PIKiinted 11 June 2023)
Charfty reglstered
number
1172326
Prlnclpal offl¢è
Main Rt)ad
Romford
Essex
RM13BL
Indwndent audlto
Venthams
Chartered Accountants
Millhouse
32- 38 East Strè8t
Rochford
SS4 1DB
Page 1

ROMFORD BAPTIST CHURCH
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARrrY, ITS TRUSTEES AND ADVISERS
(CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Bankers
Rt)yal Bank of Seolland
Drummorvj House
PO Box 1727
Edinburgh
EH12 9RH
Baplst Unlon CorpNakn Ltd
Baptist House
PO Box 44
129 Broa¢th¥ay
Oxford
OX118RT
LoThJon Baptisl Propety Board Ltd
Unit C2
15 Dock Street
London
E18JN
CCLA
Sènator
85 Que￿ Wctorfa Street
Lc￿￿On
EC4V 4ET
Pa98 2

ROMFORD BAPTIST CHURCH
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees present their annual report t(yther wth the audited financial statements of th8 Charity for the 1
January 2023 to 31 December 2023
The Twst88s of Romford Baptist Church have the res￿￿s￿11ty of r•Npemting Trthth the pastors In promoting the
whole misslon of the Church. pastoral. èvangelisti.c. SOCI￿ 8nd 8Gumenical- In and arou￿1 Romford, but also in
the wder community and thrcwghout the v￿rtd.
Objactiv•s and actfvltles
a. Policies and objectlves
Tha ch8rtys obpclNes are:
The advancemenl of the Christian Faith accordlng to the prlnLipl8s of the Baptlst deTh)min8ti0n.
A<fvance education and carry out other tharifable purposes in the United Kingdom and other parts of the
workl.
The relief of those in ne&J. by re350n of 5ouLh. agg. ￿khearth. financial hardship ￿ other disadvantage.
In setting objectives and planning for aclivtties. Ihe TNstees have given due ¢onslder8tlon to general guFd8nca
published by the Chartty commissi￿ relatiThJ lo wblic benefi( Ir￿uding the guidance Public b8n8fil.' running a
charity IPB21'.
b. Activitias und•rtakan to achieve objectlves
In fulfilling Its purpose the thurch engages In a range of actiwtt&8 ￿ether IL5 own or with others that vary from
time lo tirne activities b8ing iNtiated. expanded or closed, as appr(4)riate.
c. Grantamaklng poll¢les
The church makes donati¢￿5 ID SUPPOrt other Baptist Ca￿eS i￿Ing donations to BMS Worfd Mission. We
8150 SUPPOrt ow I￿aL churches together srJ)t]ols ministy. Graceworks. We do not make grants to individuals or
other organis81ions.
d. Voluntee
For nearly all of cwr ￿ti￿$S need volunteers and this Is som8thing that remains a challBnge, particularly
slnce Covtd. We recognisa that this is r8fl8Ct8d by many orga￿￿tIOnS nationwide but we are gralefvl to all
those people who gNe of their time on ellher 8 regular (Y iffegulor basi5.
Pag8 3

ROMFORD BAPTIST CHURCH
TRUSTEEY REPORT {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Oblectlves and acllvltles (contIn￿dI
. Main activities undertaken lo furtherlhe Charws purposes forthe publlc benefit
Annual Raport
Romford Bapl'st Church's theme f¢X the year 2023 was based on Isaiah 54..2 'Enlarge the place of your lent,
stretch your tent curtains wide. do not hold back.. lengt￿ srjur cords. streruthen your stakes.. As we exploreé
this Iherne during the year we were chollenged as a thurch to go deeper in our faith with J&8us so that we are
stronger to grow and more open to what &)d may have fN u5 a5 indivKluabs and as a church.
During 2Q23 the church was In operatlon for the full year. We saw skJnthcant Ilfe In ￿1 aspec15 of the church, ¥￿th
th8 church bulldlngs arKI minlstries runnlng 7 day8 a week vAlh 100's of people accesslng the Church on a day-
to-day basis. Our Sunday congregations strong in number aTrd continued to see the varKJus actwities
growing.
W8 maintsined holding the C8useway serwce c4Ke a month for adults with additional needs, this happens on thè
fourth Sunday afternoon of the month and has seen a support. Both Sunday moming and everbing services
continued to thrive.
S￿￿1C@s r8laltro to th8 riles of p8ssage C(￿linUBd IhrcvJh Ih8 y88r 8s we r8cognised th8 passing of
beloved and lon*standlng members of tho a5 w811 as tt)ose hav8 k)Ir*l kn more racent years. Two
of our congregation We￿ also deduted in 2023.
Youth and ChlldT•n
Our Youth, Childr8n's and Familiès work has prOS￿reAl in this last y8ar. OLJr YoLJth and Childr8n's worf(8r has
now transferred lo being a Mlnlster-in-TRinlrvJ al Spurge(m's Colkge, vthilst remaining on placement al Romford
Baptist Church.
The SUr￿aY groups, ￿tekty yDuth and rAher acbvj1￿S ￿ntInued to meet A summer hotiday club was held
and the Auttjmn youth weekend to Fellowslip AllrAt vrds a W success.
Postoral CJre
The pastots continued to supF￿ a significant number of pecyle with pastoral care. Some more difficult arxl
demanding siknations meant that th8 paslcKs had to engage wlh outside agencies and local government,
particularly where there were injustices and housiro matters, sometimes leaving vulnerable people, including
childr8n, on kne streets of Romford. Horne communKTh and past￿81 visiting also took pl8c8 81 times and
regular contad Vds kept wth as many peo￿ as possible by telephone. messaging. ernail or wrttten
communication. The Minister Team leader ￿s0 trKJk up a r(Ae ¥￿th the local hosprtal trust as hOnC￿ary chaplain.
Addltlonal needs
Our aclwities for those add￿Onal ne8ds rAintinu8d to be busy. The regular Amaze groups are now back
a full programme. including the M(￿thlY Causvway servi￿, whilsl the Amaze Parents Support Group continued
to SUPPDrt esch other throwJh reguJ8r c(4wersations via messages 8S W8118s m88ting oncÈ 8 month.
Adoptlon Group
The adoption group continued thi8 year. We have fom)eA meaningful relatK*nships the local 8Uthority and
olheT5 to better support adopted chiklren and ￿Ung people and their farni1￿s. The actNiles run by the adoption
team alOr￿ with the local authority ￿Ere veryweil atterKled afKI appreryated by the wnmunty.
Dl8clple8hlp
Our small groups wlinued during the year meetirMJ in a number of homes around the area as well as a group
continuing to m88t onlin8 as it had done during Covid. We studi8d many drfferent SLJbj8cts and b8n8fitÈd by the
Page 4

ROMFORD BAPTIST CHURCH
TRUSTEES. REPORT {coKnNUED)
FOR THEYEAR ENDED 31 DECEMBER2023
Obloctlves and adlvhies (contlnuod)
joint leaming.
During the ygar we held 3 Baptismal s8NcRs th 8 lotsl of 11 pecwe Prof￿1ng th81r fath in J8$Lts through the
Wdters of Baptism.
Older ggneratlon
All tho WO￿ wth the older gen8rnbon was able conttnue ihis year and. at each evenL th8re was ahNayE space
given for a sFv)rt tslk or thought aboLrt the Christian lath 8rvJ favcKJrite hymns sung. Th8 weekly Treasure Tiwnes
is preceded by som8 choosing to lurKh together before each session as well as during the FK)lidays when the
group don't me8t. Thls is a go)d way to maint8in rdationships and combat lon8lln8ss felt by mary of this age
group. So many have no-one else to share a meal with other than during thls regular gathering.
3 Holiday at Home day events were also Fun on a vaiiety of th8mes givTng a for older people lo meet with
th￿[ peers. again to overcome their k**li)ess INrt also to atteThl geared to thwr age group wth fun
f￿d at its hearL
Mlssion
Our Outreach work, tha M88tirwJ Flace. had contrued trj th[1￿ during the year Imth some n8W Staff joinlng the
18Bm. W8 saw a number of groups partnering vthth us i￿udir¥j the HOSP￿ and Age UK and some of those vtho
have attended have subséqLJenty joined the older generab.on actiwlies or have begun to wme on a Sunday
mtsrning to Ihe service. 11 has been enC￿raJIrlJ Éo see a lot of r￿¥ peoplejoining with us al the Meeting Place.
We continue Iu 5UWOrt the Comrnunity klon8y Advice Centre. a debt support prcgromrne th81 h&8 grown and
now has a waiting list. This was 1a￿r￿h8d in AW 2021. We currentty have 6 trained volunteers and are
regist8rgd with the FSA to support peorAe from Ihe wmmunity th h8V8 debt to help them lo gel back on th8ir
feat. 2023 saw some GI￿nts being free from thelr debts t￿t sadty we ￿ded the year with a waiting Ilst of clb8nls
needing support. We are acttvely sed(iry to Increase ar￿ train the number Df advisors lo Increase the capaclty.
ThÉs is an imt4)rtant part of our mkqsK)n.
We continued lo support the vhxk of those *lK) reach into the I￿al schools with the message of the
Chrlslian faith thrcyJgh our partnership with Gratxworks. We also coniinue lo partner with a street feeding
programme which aims lo t￿0￿de food for those in ne&Y in the Romford area 5 da￿ a week. We are still
Jrking wth our link church in Sor￿, Bulgaria.
We hav8 sIrC￿ links wtth BMS World m￿th. suppybry Lwi5e arKJ Pat8r L￿Ch. worklng in Banglad8sh.
W8 held a perfomiance of "Ir WalL8 CoLdd spea￿ a play by the Artless Theatre Ccrfnpany 8boul persecuted
christia￿ across the worhj. This a gcxxl supporL
Our Partnership with Winter Gardens Baptist Church continu8d, vknereby we have corbtinued to indude prayer
ints in our weakly n￿letter. This was a gre81 focus for our wth Home Missitin.
Durlng the yèar we took on the oV￿￿$hiP and m8nag8m8nl of the Romford and Collier Row Fwdbank. To this
&nd we hav8 set up a new charty {Romford Baptlst Church Community Carel %thlch wès registered in
September 2023 {Charity number 1205474). The assets of the Fooybank were passed over to us from tha
previous organisation. Whist in this year the a¢￿Unts of the Foodb8nk are reflected in the church accounts, in
fubJre yeavs they will be separated. We have empty a Ccx)rdinator for the Foodbank.
The chuTch received visits frcm a number of schwls duriro ts sear for sp8cial servic8s including Harvest,
Chrislm8s and Easter. We also condLKted assembl￿ in kKal sthcNJls pr8s8nting copies of the book "Irs YcAJr
Move..
Other groups ￿ntInued to meet includirKJ the prayer group5 online and in ￿rsOn, sodal groups and craft
groups.
Page 5

ROMFORD BAwfisT CHURCH
TRUSTEEV REPORT ICOPrnNUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Oblectlves and activities {contffin￿d)
We revi8w?￿ updated lh8 churL**s Safeguarding pclicy during year.
Church Away Day
In Jun8 w8 hekl fAJr church away day 81 Frinton on Sea. This was well attended. the thefne of the day was
based on uur verse of the year. there was also OPFQrtuntyin the prcgramme to spend time together socialty.
Leadèrship Away Day
In November the Leadershlp Team and the Trustees of ParksKle {see below) an away day at South Weald.
The aim of the day was to seek Gcd's RBC arbj Parkside jointly aThl we cotjld move foNard
together. The outcomes of this day continue f¢ywar(l into 2024.
Parkside
The work of Romford Baptlsl Church Housing Association {ParkS￿le) continued and was by Romford Baptist
Church Minister Team Leader and is supported by the Minister who has a fC￿S on th8 old8r g8n8t8tion. Th8 full
report fer activlties of this Home carb be seen in ils own repcwl.
The Buildings
We continued lo maintsin our Eyjilthngs and ensure that they remained in goc¥J order, this included some
substsntial roof repairs. A new toilet vras added in the kAJrEe premises. We also upgrad8d th8 cameras in
the church sanctuary for a better slreamirMJ service.
Som6 outslde baokirgs made use of the bu￿j1￿J, the BIL￿1 Donovs, some chlklren's dar￿ classe8, 8
fostering group, a phonlcs groLW arKI 8 ￿men,5 group. We have also built strong links with the U3A and the
job cenlre. We continue to be a member church of the Bapt￿t Union of Great Britain and LoThJon Baptists.
Flnan¢e
L¢okfng lobward
Like many organisalr￿ts ￿ ar8 anticipatiry thè fijlure ￿lIh faith blrt 81so a sensè of vthat will nèed lo be
drfferent. We a￿ listeni1￿ lo God 8nd the community to see what we need to do lo show God's love going
forward. God is still at work. The church has spent some time stsrling to Icok at the next steps for the church.
Page 6

ROMFORD BAPTIST CHURCH
TRUSTEEV REPORT {COTrUINUEDI
FOR THE YEAR ENDED 31 DECEMBER2023
Achievements and porfomian
a. Rovi8w of actlvltles
At 31 Dec8mber 2023 the churc* rnembers￿p totalkd 212. During th8 y8ar we had 13 new m8mbers join the
church. Sunday attendance grew to around 350 a￿1 atrywt (x)mputsrsldeMces were tuned in lo tsur
Ihjeslream seThl¢es each Sunday.
Th8 ￿tiVitieS of the chwch. through its organisations, have cx)ntinued vthh 8 sense of purpose and
encouragement. We have exFerienced the enccAJragement of many new peopl8 worshipping wth us throughc
the year.
The church was host to a number of occasbons. makkng the larg8 vAIrs￿P area and extensNe bulldlngs 8vaiLoble
to organisations within the communty.
b. FundraJ8lng activities and Income generatlon
The churth generates income mainly through the donations from its membership and others throughDuI the
regular cC￿gregatIoll. The trustees regularly update tho mwmb8rship as lo th8 current financwl situation of the
church.
c. Inv￿lment pollcy and perfonnanca
The church do8s not have an investment wrtfolK). any resentsl are the Baptist Togelher high inter851
accounL
Financial revlew
. Golng toncern
After moking appropriate enquiries, the Trustees have a re8son8bLg expectation that the Charty has adaquate
resoU￿e$ lo conlinue in operational exisience for the foreseeable future. For this reason, thèy continue to adopt
the going concern basis in prepari￿ the financial statements. Further detai￿ regarding th8 adoption of the wiryJ
concem basis can be found in Ihe acccAJnbng F￿￿#s.
b. Reserves policy
In order to meet the running costs of the thurth for 12 mnths beyond Ihe balan￿ sheet dale, an amount
estimated 8t £450,000 would be required. This amount is comfortabty met by Ihe cash reserves h8ld by the
church.
Total inwme for the year was £540.470 {2022: £415,581) and the total exp8ndi￿re for th8 year was £486.701
12022.. £465,381). Tr surplus for Ihe sEar Wd8 £53.769 (2022: £49.800 deficlll.
c. Princlpal Tlsks and uncertalnlles
All mapr insurabl8 risks are subject lo norwnal church arbj employerfs insurance. Contractual risks are rèMew8d
before being entered into lo assess thal they ts)uld not signif￿n￿Y IMW upon the church's ability to fulfil its
objectives. An annual rew8w of 811 areas of risk urKlertaken by th8 trustees in conjunction Mlh stsff And
volunl68rs responsible for the orea of actswty.
Pagè 7

ROMFORD BAvllsT CHURCH
TRUSTEES. REPORT (copillNUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
d. Principal fundlng
The prinapal funding source of the charity is the donations received from members of the church throughout the
year.
e. Flnènclal control
Romford Baptist Church - the Charity rwates under a scheme of authority delegation. Disbursement of the
Charity assets must be property authorize(I In a(£ordance ￿th the pr(thdures. All pay7nent musl have
dual aulhoriz0ti￿.
Romford Baptist Church has a Nnants Commlttee that mèets three times a yèar to rèvlèw pmposad annual
budg8t, the final financial year statement and the ann￿1 audit reports and accounts.
The Finance Committee recommend the annual buw the annual audit￿j rwts arKI ac￿Unts to Ihe Romford
Baptist Church Trustees who recommend these at the Church meetiro.
Tha Flnal Year End Accwnts are prepared by the Treasurer. r8¥1￿￿ by the Finorth Team, a￿￿Ved by the
TNstees befgre being presented to the Chwch Nlembers meelirva. off by the Trustees and submitted
to th8 Charity Commi&sitin.
The Romfdrd Baptist Church Leadership Team - whith 1K1￿￿e$ the Trustees- receives regular management
reports and ensures that this is representative of the actwit￿S within the Charty.
Page 8

ROMFORD BAPTIST CHURCH
TRUSTEES. REPORT ICOMTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Structurei governanco and management
. Constitutk)n
Romford Baptlst Churth is a reglstered d￿rIty, number 1172326. and Is o)nstiiuted under a Trust dèed.
b. Methods of appolnlmgnt or èlection of TTusle¢s
The management of the Charity i8 the reS[￿nSIbIlIty of the TIL￿ ￿ ar8 elected and co-optad under the
terms of tho Trust deed.
c. Organlsatlonal strncture and ded8lon4naklng pollcles
The deacons are elected by the Church members at the Annual G￿er￿1 Meeting IAGM) CK other church
Membèrs Meeting as (lesired.
At the end of December 2023, the leadership team ¢￿￿ls18d of tw fulktine p&tsrs. part time pastor, one
Outreach Leader,fv￿ ministers in Iraining. officers and deacorts.
The church also employs a number of full and part time staff to assist wlth adrnknlstratlon arKJ to run the coffee
shop (Th8 M8eting Place).
Plans forfuture periods
The fvlure Is challenging and exryting: we are &xpecting great thiros of an arnazng God as we reach out into our
community in Rotnforf. We are reminded of the r￿d to pray aboLrt how %%E can, individually and corporately,
bring glw lo our Lord and Saviour. Jesus Chri%L 2024 vlll see the churd) ¢e￿brati￿ Its 90th anniversary and
work Is being d(￿8 towards a strategyof (Jeveloplng th8 thurth for the next 98n8ralKTrn.
Page 9

ROMFORD BAPTIST CHURCH
TRUSTEE¥ REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
statement of Tru•t••8' r•sponsibilitie8
Th8 Trustees 8re responsible for preparing tho Trustees. Rewrt * the financial slalements in accordance wilh
appllcable law and United lfjngdom Accountir4J StarKlards {United Kirydom G8n8rally Acc8pt&Y Accounting
PractTce).
The law applicablè to ¢h8Iibes in Engl￿ & Wales requires the Trustees to Frepare financial statements for
each financial which glve a true and fair wew of the state of affairs of the Charity and of its incoming resources
and application of resources, inclL*Jing its in)me aThJ exFenditure. for that period. In p￿paring these financial
statements. the Trustee5 are required to:
select suitable accountlng wI￿leS and Ihen apply them consistendy.
observe the rnethods and princAFles of the Char￿eS SORP (FRS 102)"
make judgments accountiry estimates that are reasonable and prudent..
statè wh8ther applie*ble UK Acc4Junting Stsndards IFRS 102} have ￿en followed. subject to any mater￿1
departures disclosed and explained in the financial statements..
pr8P8re the financial statements on Ihe COr￿ern basis unless it ts irkippropriale to presume that the
Charity will ￿n￿nue in business.
The Trustees are responsible for keerAThJ ad8quat8 accountiry r8eAYds Ih8t ara sufv&gnt to Show and 8xplaln
the Charivs transactions and disrjose vthh ￿asOn8t￿e accuracy at any tSme the financlal posttlon of the Charity
and enable them ¢0 ensure that th8 finaTKyal stalements comply ￿￿th the charib.es Act 2011, the Charity
(Accounts and R￿orts} R￿ulatIOr￿ 2008 and the provtsions of the Trust deed. They are also responsible for
safeguarding the assets of the Charity and hence for lakirg reasonable steps fcf the prevention and detection of
fraud 8nd other irregularities.
Page 10

ROMFORD BAPTIST CHURCH
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Dlsclosure of SnfomMtl¢)n to audltors
Each of the p8ts0ns who are Trustees at the time this Trust86s' Rep￿rt Is approved has (￿n￿lm￿ that..
so far as that Trustee is aware. ther8 is relevant audit inf0m18t￿)n of which the charitys auditors ar8
unaware, and
that Trustee has tsken all the steps that ought to have been taken as a Trustee in order to be aware of
any rdevant audit infomi8tion to establish thal the charW$ auditors are aware of that information.
Audltorn
The audhors, Venthams, have indiczted their wiliThJness to ())ntinue in olkn. The d8s￿3nated Trustses will
propose a molM)n reappointirvj the auditors at a me8tlrvJ of the Tntstees.
Appmv8d by order of the members of the board of Trust￿ and signed on their beha]f by.
HAY
Trustee
Dale: ILr_6-ZoZ
Page11

ROMFORD BAPTIST CHURCH
INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF ROUFORD BAPTIST CHURCH
Oplnlon
We have aLKlited the financial statements of R0mfC￿ 8aptist Church {the 'chariWI for the year e￿ed 31
December 2023 which comprise the Stsiemenl of FI￿nCIal ACti￿tieS, Ihe Balance Sheet, Stslement of Cash
Flows and the related notes. induding a summary of signiffic2nt accounting policiès. Thè financial ￿pOrtIng
framework that has tr￿n applied in their pyep8rati￿ is applicable law 8nd Untted KIn￿oM Ac￿unting
Standards, induding Flnancial Reporting Stsndard 102 Tr Financial Reporting Standard applrcable in the UK
and Republic of Ireland, (United KlrKJdom G8neraltyAccepted AccountirvJ Pradicel.
The financkgr ststements hav6 been prepared in aGr&￿danCe wth AccountirKJ and RepDrbrKJ by Chariti8S
preparing their accounts in a￿ordanCe wilh the F￿a￿la1 Reporting Stsndard5 applicable in Ihe UK ar￿ Republic
of Ireland (FRS 1021 in pr8férance to thè Accounting and Rep)rting by Ch8ribes'. Statement of Recommended
Practice rssued on 1 April 2005 whlch Is ref￿r￿1 to in the ex12nt regulatic￿S but h8s been %wthdrawn.
This has been th)ne in ￿der for the acwunts to WOVKle a true and fair view Wb aG￿r￿an￿ wth the Generally
Accepted Accounting PrdCtKe effective for reFortirKJ peri￿ tr￿InnIng on or aft8r 1 Jarw 2015.
In our opinion the financial statements=
give a true and fair view of the stste of the charills affairs as al 31 Dxember 2023 and of its incoming
resources and applicab.on ol resourcEs for the year th8n ended,.
have been prO￿rIY prepareA in aC(￿rdan￿ vrith United Kin9lom GeneTrlly A￿epted A¢￿U￿ting
Practice,. and
have prepared In accl)￿lance ￿1h the requirements of the Charities Act 2011.
Basls for opinion
We cond￿ted our audit In accordance Inlern*ic¥wl Stsndards on ALvJMng (UK) {ISAs {UKI) and applicable
law. Our responsibilib'es und8r thosè standards arè further de8cribgd in the Auditors, responsibilities for th8 8udit
of th8 financial statements section of our report. We are ffKlependent of thg chaTtty In accordance the ethlcal
requirements Ihat are relevant to our audit of the financial statements in the United Kingdom, inciuding the
Financial Rewrting Ctyjncil's Ethical Stsndard. and we have fulfilled cur olher ethical responsibililies in
acc4)rdance these requirements. We b￿￿ve that th8 audli 8vidoKa wa have obtain8d is sufftCi8nt and
appropriate to pn)vid8 a basis for our opin#)n.
Condusions relatlng to golng con¢em
In auditing the finants81 Slalements, we havè conduded that the Trustees, use of the goiro concern basis of
aGeounting in the preparation of finanual stslements is appropriate.
Based on the work we have perfomied. have r￿1 identified any wnaterial urKertainlies relating to events or
conditions that, indiwdualty ￿ collectively, m8y cast significant doubt on the charl￿S ability to continue as a going
concem for a period of at least Iwefve months from Ihe finan￿￿ statements are authorised for issue.
Our reswnsibilities and Ihe reSp￿SibIlI1es of ts Twslees vAlh ￿pect lo ¢0￿M are d&scrlbed In the
relevant S8Cti￿s Df this r8rKJrL
Page 12

ROMFORO BAPTIST CHURCH
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF ROMFORD BAPTIST CHURCH
ICONTINUED)
Other Infomiatlon
other irfom7alion comwses Ihe information in¢]￿ed in ts Annual Report other than the financlal
statements and our Auditors, ReFQrt ther8on. The Trustees are responsitAe for the other information contained
within the Annual RetKJrL Our opinion ￿ the financial stst8ments does not cover the oth8r infomiation and,
except to th8 8Xtent olherwi%e exPl￿￿Y stsl8d in our rewt. do not express 8nyform of assurance condusion
thereon. Our responsibility is to r8ad the otlw infomiation a￿1, ￿ doing so, conslder wh8ther the otsr
informatl¢Jn is mat8rially inconslstent with the finarKial stalements sx our kr￿&￿edge obtained in the course of the
audiL or olhewAse appears to be rll8tetslty misstated. If w8 Nlentrfy such material I￿nSistenc[eS ￿ apparent
material misstatements, we are required to délemiine %thether this gNes ris8 to a material misstatement in the
financS81 ststements Ihemselv8s. If. based on the ￿)rk we ￿rforrned. we condude that there is a materiol
misstalemenl of thi8 other infomation, ￿ are r￿Uired to repcyl that facL
We have nothlvJ lo rep)rt in thi8 regwd.
Mattars on whlch wa are required ¢0 report by exceptlon
We have nothing to report in respect of the folbwng mattars kn tho Charitie5 (Accounts and Reports)
Regulations 2008 requires us to reportto Jru if. in our otxnion=
th8 information glven in the Trustees, Rewi is Inconsisi8nl in any malerial respect ￿ the financwl
statements. or
sufficient aCCC￿n￿ng records have not ￿en kept" or
the firwncial ststem8nts are rKrt in agreement vAth lh8 acC￿trY records and returns" or
we have not receNe(l all the infom)ation and ewanations require for our aL￿￿lL
Responslbllltles of trustees
As explained more fulty in the Trustees, Reswnsibiiilies Statement, the Trustses are responsible for the
preparation of the finanual stateTnonts whth give a ts and fair vw, and fc￿ sl￿ intemal control as the
Trustees determine Is necessary to en8blè the preparation of ffinancF81 ststements Ihat 8re free from material
mi5ststemenL whether due to fraud or error.
In prepathg the financial stat8m8nts. Ihe Tn￿leeS ar8 resFonsib18 for assessing th8 charitys abilty lo continue
as a going concem, dis¢loslng, as ap￿Icable. matters rdated to going r￿n￿rn and using the going concem
basis of accounttrwj unless the Tru51ees either intend to liquidate the charty or lo cease operations. or hav8 no
re81istic 8lt8mative but to do so.
Page 13

ROMFORD BAPTIST CHURCH
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF ROMFORD BAPTIST CHURCH
ICONTINUEDI
Audltors. rnsponslbllllSes forthe 8udh of th• Ilnand81 statorn
We have been appoint￿ 88 auditor under sectk)n 144 of the Charrttes Act 2011 and report in ￿cOrdan￿ with
the Act and relevant regulations made or haV￿￿j effecl Ihereunder.
Our objethes are to obtain r8asonab18 assurw￿ about ￿ether financkql ststsments es a who18 ar8 fr88
from material misstalement. ￿ether duo to fraud or errDf. 8rKi lo Issue an AudilL>rs' Report that Indudes our
opinion. Reason8Na 8ssur8nrA is 8 high of asSur8r￿. but Is not a guarantee that an audit conducted in
accordance wFth ISAS (UK) wll ahvays detect a material misstatement vthen il e￿Sts. Mi5slatements cari arise
from frawj or error and are considered materd if, 1rklividu￿ty or in the aggregate, they could reasonably be
expected to inffluen￿ the economic de¢i%ions of users laken on the basis of these financial statements.
lffegularities. induding fraud, are instsnces of non-compAiarKe with laws and regulali¢Jns. We desSgn procedure8
in line with our respo￿lbIlItres, ouVir*d above, to deted material misstatsments in respect of irregu18riti8S,
including fraud. The extent lo %thlch our pr￿lureS are capable of detsding irreguLaThties. including fraud Is
delalled below.-
Based on our discussions thè ch8ritys managem￿1 and tre Ttuslées, we identifi8d that th8 followng laws
2nd regulations are signrficant lo the entiiy.
• Those laws and regulalons cortsvjered to have a eff￿1 on Ihe finanaal statements Ir￿lude UK financial
repOrkn￿j standards and Charity Law.
. Those Jaws and regulations for vknk* nOr￿pIlan(% may b8 fundam8nlal to the 0￿ratIng asp8cts of th8
charity and ther&forÈ may have 8 materfal effect on the flnanclal statements Indude compllance urith the
charilable objectives, puLlic benefiL furKlrai8ing regulab"ons. &￿eguardIng and health and safety legislatK)n.
These matters ￿ere discussed amongst the ertsJaJemp￿t le8m * the planning sb3e and the team remained
alert to non-compliance thrOug￿Jut the audiL
Audtt proc8dur8S UtKlert8ken in response to Ihe pjtenlial rfsks relatlng to INegtharMes {which Include fraud 8nd
non-wmpllanc6 vAth laws and regulatK)nsl cC¥nw￿ed of. enquries of mar)agemenl and the Trustees as to
8lh8r the entity complies wth such laws and regulatK)ns'. enquiries with the som8 concerning any actual or
potenllal litsgation or daims: inspxtion of relevant key risk assessments and inspection reports,. review of
Trustee meeting minutes,. testing the appropri81eness ofioumd entw" 8MI the perfomiance of 8nalytical review
to idenlrfy unexpected movements in acuunl baiances %thich may be indicative of fraud.
No instances of material non-c0mp1iar￿e were trdentif￿. Fk)wever, the l*elikJod of delecting irregularities.
including fraud, is limitsd by the inherent ￿rffi￿Ity in (letecting irregularths, tt)e effectiveness of the entitqs
controls. a￿1 Ihg naiure, timing and extenl of the audrt prLKedures performed. Irregularities that result from frautl
might be inherenly more dmcult to detect than irregularities that result from error. As explained above. there Is
an unavoidable risk that material misstal8m8nts may not b8 d8t8Ct8d, 8v8n though th8 audtt has b88n planned
and perfomied in accordance ISAS IUK).
A ftJrth8r descriptK)n of our responsibilities for the a￿tt of the financ￿1 statements is located on the Financi81
Reportlng Council's website atr. ww.frc.o
.uk1a￿ltorsreS
ibilthes. This description forms part of our
Auditors, Report.
P￿14

ROMFORD BAPTIST CHURCH
INDEPENDEMf AUDITORS. REPORT TO THE MEMBERS OF ROUFORD BAPTIST CHURCH
ICONTINUED)
Us8 of our report
This rewrt is made sol8ty ID Ihe tharitl5 tnjstees. as a ithy, In accordance with P8rt 4 of th8 Charities
(Accounts and Reports} ReguLgtions 2008. Our audil vh)rk has been undertaken so thal we m*3ht stsle to the
charitys trustees those matters we aro required to stste to th8m in an Audilors. Report and for no other purpose.
To the fullest extent pemirtted by law, we do not ac￿pt or assume reSFonsibility lo anyone other than th8 char
and its trustees. as a ￿y, for our audit I￿rk, for this rephNt, or for th8 OPHnions have fcmed.
V•nthams
Chartered Accountants
ststutory Autditor
Millhouse
32 . 38 East Streel
Rochford
Essex
SS4 1DB
Data.. 17 June 2024
Venthams ar6 eligible to act as audilors in temis of seclicn 1212 of the CLNnpanth Act 2006.
Page 15

ROMFORD BAPTIST CHURCH
STATEMENT OF FINANCIAL ACTNITIES
FOR THEYEAR ENDED 31 DECEPIBER 2023
Unrestricted Re8trl¢tad
funds
funds
2023
2023
Total
funds
2023
Total
fvnds
2022
Note
Incom¢ from:
Donations and legacies
Charitable activities
264.960
235,923
38.687
9Crf)
265.860
235.923
3B,687
248,995
150. 113
15,813
Investments
Totsl Income
539.570
900
540.470
415,681
Expendllure on:
Charhable aclvllies
485A57
486,701
465,381
Total expendlture
485,85r
486.701
465,381
Net movement In funds
53.713
53,769
(49,800)
R8conclllatlon of funds:
Totsl fvnds b￿ght fornvard
Nal movement in funds
7.%1.898
53,713
7.624.967
53.769
7,674. 767
(49,800)
Total funds carried forAord
7,615,611
64125
7,678,736
7,624,967
Page 16

ROMFORD BAPTIST CHURCH
BALANCE SHE
FOR THE YEAR ENDED 31 DECEMBER 2023
X123
2022
Note
Flxed assets
Tangible assets
12
6,810.588
6. T89,992
6,810,588
6,789,992
Current Ossats
Stocks
Dèbt¢)rs
Cash at bank and in harKI
13
14
627
692
19,613
838,276
20,189
864.938
885,754
858,581
Creditors.. amounts faling due within one
year
15
{17,606)
(23,606)
Net current assets
868,148
834,9T5
Totsl assets less cUrr￿t Ilablllll•s
7.678.736
7,624,967
Total nat assets
7,678,7
7,624.967
Charfty funds
Restricted funds
Unrestrict￿1 fuNIs
16
16
63,125
7.615,611
63.069
7.561,898
Total funds
7.678,736
7,624,967
The financial statements were approved and aUthoris￿l for issue by the Trustee5 and signed on their behalf by.
H Ayrls
Trustee
Date..
Ilk-6-l(fZ+
PAge 17

ROMFORD BAPTIST CHURCH
STATEMEKf OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
Cash flows from operatTng activities
Net cash us8d in Op8ratir￿ activiti8S
62,415
(31.57T)
Cash flows from Invesllng actlvltl8s
Purchase 0ftsngIb￿ T￿8d assets
{35.753)
(8,22t)
Net cash used in investing a¢tlvlYos
{35,753}
18,221)
Cash fiow9 from flnanclng xtlvltles
Net cash provlded by financing athibes
Change In Cash and ¢8gh oqulvalents In the year
Cash and cash equiydlents at the beginning of the ye8r
26,682
(39,798)
8T8,OT4
838276
Cash and cash equivalents at the end of the year
864,938
838,276
Page 18

ROMFORD BAFnsT CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Genernl Informatlon
The charty was establlshed as a CIO on 29 March 2017 and VRS registered with the Charity Commission
under charity number 1172326. The charity e£4nmenced trading in 1 June 2018 foHowng the transfer of
the assets of Romford Bapttst Church an unincorporated charrty.
ountlng pollc1•5
2.1 Basls of pr8paratlon of flnancial stalémènts
Tr rinan¢k81 stalèments have been Prepar￿ in accordance wth the Charities SORP IFRS 1021-
Acenunling and Reportiw by Charities: Statement of RecOmrner￿ed Pradice applicable to charities
F)reparing their accounts in a￿rdance the Fina￿7 Reporting Standard applicable in the UK
and Republr of Irdand {FRS 1021 (effecbve 1 January 20191. Ihe Financial Reporting sI￿dard
appluble in th8 UK and Republr of Ireland (FRS 1021 and th8 Charitie5 Act 2011.
The financial ststerrhents have been prepared to gfve a Irue arKI fairf wew antj have dep8rted from
the Charities (Accounts and Reports} Regulalions 2008 only to the exlenl required lo PrO￿￿e 8
and fall view. This departure has invofved folkmng the Chartbe5 SORP (FRS 102) published in
October 2019 rather than th8 Ac£￿nting and Rewrting by Charities: Stst8ment of Recommended
Prac￿ effectivo from 1 April 2¢Y)5 Ithich has sI￿e been wlthdr8wn.
Romford Baptist Church meets the definthon of a publ￿ benefft enwty under FRS 102. As58ls and
liabilities are Initial￿ rec(wJnis&J at histo￿￿ cosl or tr8nsaction Wdlue unless othemse stated in the
rdewdnt 8ccnunting polry.
2.2 Golng concern
There are no mal8rial uncertainties regèrdiry the Ltharws abilty to wntinue. Therefor8 the accounts
are prepared on a going (X)r￿rn basis.
2.3 Incom•
l income is recogni￿ once the Charity has èntitlemenl to the income, il is probable thet the
income wdl b8 received and the am￿nt of income receNable can be rneasured reliabty.
Income tax recoverable in reLgtion to investment income is reccgnised al the time the Invostment
In￿rne Is receivable.
2.4 EXp￿dIlure
Expendiknre ￿ recognised once there i8 8 legal or constructive obligation lo transfer economic ben8frt
to o third p8ty, il is probable that a transfer of economic benefts %wll be required in settlement and
th8 amourrt of the obligation can be measured reliatJy. Expendiiure is dassffied by activity. The costs
of each actiwty are made up of the totsl of direct C(k8ts and shared costs. induding support costs
Involved in undertaklng each actiwty. Direct ¢J)sls attrknutabl8 to a skngle xtwity are alocated dSreclly
to that acuvity. Shared costs whKh C¢￿tri￿￿jte to more Ihan one activity and support costs whlch are
rK)t attributable to a single activity ar8 apprKironwJ belMEen thosé aCtiv￿e$ on a basis con51slent ￿th
the use of resources. Cèntral staff cosls a￿ alkxaled on the basis of time $ponL and deprecia￿on
tharges all￿ted on the wrtion ofthe asset's use.
Expendrture on charitable adrvrtie5 is incurred on dwecty urwjertaking the activities which further the
Charitys objectives. as ￿11 as any associated support costs.
Page 19

ROMFORD BAvnsT CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accountlng poll¢l•s {¢onllnuad)
2.4 Expendlturo (contlnued)
Grants paydble are charged in the year vthen the offer is made except in those cases where the offer
is c(￿ditIOn￿. such grants being rec(NJnised as expenditure when the conditions attaching are
fvffilled. Grants Off￿ed subject to ¢￿ditionS which hav8 nol b8en m81 al th& yoar end aro noted as a
ccrfnmilment, bul not accnHJ as expenditure.
l expendibjre Is Irthfve of Irreo)verable VAT.
2.5 Int•rest r•ceivabl•
Interest on funds held on de[￿rt is induded when rec*vabie and the amount can be measured
reliably by the Charity" thts is normalty upon r￿)lif￿atIon of the interest paid or payable by the
InstEtution ￿￿th whom the funds are d8POSited.
2.6 Tanglble flxed assats and deprnckntlon
T8rgible fixed assets are ir4ti8lly recogni8ed at cost After recognition. under the cost model, tangible
fixed assets are measLwed at cost less accumulated depreciation and any accumulated impairment
losses. All costs incurred to bring a taTrJible fixed asset into ris intended wothing condition should b8
included in the measwement of cosL
Depreclation Is charg8d so as lo all￿al8 the cost of tanLlbie flxed assets k8SS thelr r8sldual value
over their esllmated useful INes. .
Depreciation is promded on the fdbMrvJ bas&8:
Freehold prr¥J8rty
- propety not deprecrdled, r￿1 V•tir*s str3ighl
Ilne 10 YE￿5
Lon￿terM leasehold property
Flxture5 and ffith'ngs
- straNJht 3 to 5 years
2.7 Stocks
Stocks are valL*d at the ￿Wer of cost net realisable Vdlue after making du8 alloswdnce for
obsolets and slow•moving stcth. Cost Ind￿eS all dtrecl costs aTrJ an appropriate propOrt￿)n of fixed
and variable overheads.
2.8 Debtors
Trade and other debtors are rec(onised at the seluement amount after any trade disC￿nt offere(l.
Prep8ym8nts are valued at th8 Sm￿nI prepaKI nel of any trade di9￿Unts due.
2.9 Cash at bank and In hand
Cash at bank a￿1 in hand includes cash a￿4 sl￿-teM highly liquid investments with a short maturity
of three months or from the date of aLY4UiStbon LY openirwJ of the deposit or similar acwunt.
P8g8 20

ROMFORD BAFfisT CHURCH
NOTES TO THE FTNANCLAL sTATEmEP￿s
FOR THE YEAR ENDED 31 DECEMBER 2023
Accountlng polkles (contlnued)
2.10 Liabilities and provisions
Liabililies are reccgnised vthen trwe is an c*ligation al Ihe Balance Sheet date as 8 result of 8 pasl
event, it is probable that a transfer of ecCMm￿ ben8frt will be required in settlement. and the amount
of the settlement can be estimated relkgbly.
Liabilities are recognised at the amwnt that Ihe Charity antidpatas M wlll pay to settle the debt or th8
amount it has rvL8N8d as ￿fvancert p2yTh8nts for th8 gcths or services rt must provmlg.
PrO￿lS1Ong are measured at the best estim8te of the 8mwnts rèquir8d to settle the obligation. Where
the effect of the time value of money is material. the provision Is bas￿ on the present V81ue of those
amounts, disccrtjnted at the F*&tax (thsrxiunt rate that reflects the r¢5ks specific tu the liability. The
unwinding of the discl￿nI is rBwgnised in fhe Stslement of Finoncial Activities as a finance cost.
111 Financlal Instruments
The Charty has financial assets and fnancial Irabilthes of a kind that qualfy as basic fin8nci81
instruments. Basic financial instruments Bre initialty récA>Jnised al transaction value and sub8equ8ntly
measured al thelr settlerTTrent value V￿th the exception of bank loons which are subsequent
meayjred al 8mortised cost using thè effective interest method.
2.12 Pénsions
Th8 Charity Dp8rat&S 8 defir*d conlribubon p8nsK)n 8d￿me and the pertsran tharge represents th8
amounts payable bylhe Charityto the fu￿1 In respect of the year.
2.13 Fund accounling
General funds are unr&StrI&￿ fvThJs ￿1¢h are awlalAe for us8 at the discretion of the Trustees in
further8nce of the gener81 obiectrves of the Charity aMJ uthich have nol been designated for other
purposes.
Designated fv￿$ ¢￿￿lse unwlricled fvnds that have been set ashde by the Trustees for p8rticulAr
purpos&s. Th8 aim ￿ use of exh d&signatÈd fund set out in the notes to the financlal
stslements.
ReStr￿ted furkys are fvnds whith are lo be usgJ in acoydance wilh speufK rest￿CtIonS imposed by
donors or which h8ve been raised by the Charity for particular purrh)ses. The costs of raising and
adrnlnlsterkng such fvnds are charged against the Spe￿fiC furKI. The aim and use of each restdcted
fund is sel out in the notes to the finanaal statements.
Investment income, gains and losses are alkncat&J lo the appropriate fund.
Page 21

ROMFORD 8￿1ST CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Incorne from donatlons and ltyaclos
Unrestrlcted Restricted
fund5
funds
2023
2023
Total
funds
2023
Totsl
fvnds
2022
D￿altonS
264.960
265,860
248.995
Tolal 2022
248.995
248,995
Income from charltable 8ctMtles
Unrostrkted
funds
2023
Total
funds
2023
Tot81
funds
2022
Income from charitable xbvitses- Church
235,923
235,923
150,773
Total 2C
150, 773
150, 773
Invastmant Income
Unrestricted
funds
Totsl
funds
2023
Total
funds
2022
Inv8Stment incom8- hcal investment PTr)P8rties
Investment income- I￿al cash
19.778
18,9CQ
19,778
18,909
10,325
5,488
38,687
38.687
15,813
Totsl 2022
15,813
15.813
Page 22

ROMFORD BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEklBER 2023
Analy81s of grnnts
Grants to
Institutlons
2023
Total
funds
2023
Total
funds
2022
Grants, Church
7,5
7,500
13,050
Tol812022
13,05)
13,050
The Charity has m8de the folltming mtsi* grants to inslitrrtions durirvJ the year.
2023
2022
Name of In5tltutlons
Graceworks
Baptist Union Home MIssi¢)n
BMS World Mission
Operation Mobilisalion
Winter Gardens Baplisl Church
2.DOO
{7.500)
11.000
1.800
10.250
1,000
2,01)0
7.500
13,050
Analysis ol •xpondlture on charitable actlvhbes
Summary by fund ty
Unr•stricted Restrlcted
funds
lund5
2023
Total
2023
Total
2022
Churth
485,857
486,701
465,381
Total 2022
465,178
205
465,381
pa￿ 23

ROMFORD BAFfisT CHURCH
NOTES TO THE FINANCIAL STATEUENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Analy818 of èxpondlture by acthiitles
Grant
funding of
activities
20rJ
undertaken
directly
2023
Support
Total
funds
2023
Totsl
fvnds
2022
2023
Church
304.761
7.500
174.440
486,701
465,381
Tot812022
299.316
13.050
153,015
465,381
Anatysls of dlract costs
Total
funds
2023
Total
fvnds
2022
Church
2023
Stsff costs
Church houskng expenses
Travel
Other M￿lSterIal costs
Mission and outreach
209.853
19.886
1.031
6.649
67.342
209.853
19,886
1,031
208.344
38.252
766
9,980
41,974
67.342
304.761
304,761
299,316
Total 2022
299,316
299.316
Page 24

ROMFORD BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEAIENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Analysls of oxpendltum by aclfvltles (Gontlnued)
Analysls of support costs
Total
funds
2023
Tot81
fvnds
2022
Church
2023
Stsff costs
Depreaati
Church premises
Church (rffi￿ expens85
Auditors. remuneration
Lagal fees
39,228
15.157
69,793
40.628
7,632
2,￿2
39.228
15,157
69,793
40,628
7,632
1002
39,769
20.936
40, 142
38,042
7,170
6.956
174.440
174,440
153,015
Totsl 2022
153.015
153,015
AuditOf5' Temuneratlon
The auditors. rgmuneralion amounts to an a￿Jitor fee of £7,524 (2022- £7, 170), and accountancy of £ -
{2022- £ -1.
10. Staff ￿$ts
2023
2022
Wages and salaries
Soryal s8curity costs
contributi￿ lo defined LxintriLMrtion pensitm 9d￿meS
217,573
10.914
20,594
212,822
11,549
23,742
249.081
248, 113
The av8we number of pers(Mk8 ernp￿￿ by the Charity durirvJ the year was as folbws:
2023
No.
2022
Employees
14
13
No 8mployee r8C8fved remuneration amtwnting to mL*e than £60,CMJO In ellher year.
Page 25

ROMFORD BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
l. Trustees. stlpend and expenses
DuriTrJ Ihe year. salaries have been patd lo Rev l Bunce £43.559 (2022: £39,780). Rev V Bunce £31,800
12022.. £29,73018nd Rev J Love8rd £22,470 {2022.. £20,489), for ministerial sem￿. Employers pengion
ContriL￿￿on5 totdling £14,822 (2022.. £14.8221 paKI on ￿1r behatrt.
Included in the aty)ve salaries are expenses totslliNJ £7,895 {2022.' £6,358) ￿lch were rermbu￿ed or
paid directly lo 3 Trustees.
12. Tanglblè Ilxed assets
Long-tern)
leasehold Flxturns and
property
tlngs
Freahold
property
Total
Cost or valuation
Al 1 January 2023
Addition8
6,577,314
10.956
188.000
125,023
24.797
6,890,337
35,753
At 31 December 2023
6,588270
188,000
149,820
926,090
Dèpreciation
At l January 2023
Charge for tt)e year
100,345
14,061
100,345
15,157
At 31 December 2023
114,406
115.502
Net book value
At 31 December 2023
6.587.174
188.000
35A14
6.B10,588
At 31 December 2022
6.577,314
188,000
24,678
6,789,992
13. Stocks
2023
2022
Raw materials and consumables
692
Page 26

ROMFORD BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
14. Debtors
2023
2022
Due within ono year
Trade debtlys
other debtfNS
PrepayTnents and acxyued income
3,759
10.873
595
12,899
6,119
20.189
19,613
15.
CredltOT5: Amounts falllng du• wlihln one year
2023
2022
Trade credito
other taxation and soe4818ecuiTty
Accruals and deferred intsjm
&B67
215
7,524
12,433
4,003
7,170
17,606
23,606
Page 27

ROMFORD BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEAfjBER 2023
16. Stat•ment of funds
Statement of funds- current year
Balance at
31
Transf¢rs December
Inlout
2023
Balance at 1
January
2023
Income Expendllu
Vnre8trlcted funds
Designated funds
FIx8d ass8t fund
ContirKJency fund
Junction Rowj
Parent ar¥J Toddler Group
789.992
20,596
6,810,588
68,090
45.170
2.837
44170
3.069
4546
(47781
906.321
{4,778)
20,596
6,926,68S
General funds
General furKI
Auxllliaries fund
Church 9roup actiwtyfunds
632,552 4￿689 {455.235)
{20A96)
622.410
7,789
58.727
1&236
(25.844}
535.024
1481,0791
{20,5961
688,926
Total Unrestricted funds
7,561.898
539.570
(485.85n
7,615,611
Rastrlctad funds
Benevolent Fund
Future pro1￿ fund
Jack Petchey Fund
252
0.000
1817
60,000
1873
900
{8441
63,125
Total of funds
7.624.967
540.470
{486,701)
7,678,736
Page 28

ROMFORD BAPTIST CHURCH
NOTES TO THE FtNANCiAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
16. Statemort of funds {contlnued)
Statement of funds - prfor year
B81gnce 81
31
December
2022
B818nc8 al
l January
2022
Transfers
In/ou£
Income EKpen(fifure
Unre8tricted funds
Deslgnated funds
Fixed 85set fur
ConliThJer￿yfUnd
Junction Road
Parenl and TOdd￿r Group
&802.707
f12,715)
6.789,992
68,090
45.170
3,069
45.170
&387
(1318)
6,9t5,967
6,387
(3,318)
f12.715) 6,906,321
Gonerol fund8
General fund
Auxiliaiies fund
Church group actsvlty funds
675,271
7,789
12,022
389,974
(4￿,588)
20,895
632,552
7,789
15,236
19.220
(8,272)
(7.734)
695.082
409.194
(461.860)
13.761
655.577
Total Unrestrfcted fundB
7.611.049
415.581
(465, 178)
7,561,898
Restrfctod funds
Benevolent Fund
Future wojecl fund
Energise fund
J8ck Pelchey FUNI
252
252
(446)
3,020
(203)
2,817
63,718
(203J
(446J
63.069
Total of funds
7.674,767
415.581
(465,381)
7,624,967
Page 29

ROMFORD BAPTIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
17. Summary of lunds
Summary ot lunds- curr•nt year
Balance at
31
December
2023
Balance at 1
January
2D23
Transfers
Inlout
Income Expendltur•
Designated funds
General funds
Rest￿cted funds
6.904321
655,5TI
63.069
{4,7781
(481.079)
<844)
20.596
(20.5961
6.926.685
688.926
63.125
S35.024
7.624967
540.470
1486.7011
7,678,736
Summary of funds - prfor y•or
Balance al
31
Belan￿ al
1 JBnuary
2022
Trnnsfers D￿ernber
in/Dut
2022
Designated funds
General funds
Restricted funds
6,915.967
69&082
63.718
6,387
409.194
(3.318)
(461,860)
(203)
(12,715) 6,906,321
13,161
655,577
(446J
63,069
7,674,767
415,581
(465,381)
7.624.967
18. Analysls of net assets b8hv•8n funds
Anatysls of net assets between funds- currant y•ar
Unr•strlct8d Restricted
funds
funds
2023
2023
Total
funds
2023
Tanglb18 fix8d assets
Current assets
Credikws due yEar
6.810.588
822.629
(l7,6C￿)
0.810.588
885.754
(17.6061
63,125
Tatsl
7.615,611
63,125
7,678,736
Page 30

ROMFORD BAPTIST CHURCH
NOTES TO THE FINANCL4L STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
18. Analysls of net asséts bètw••n fvnds (conllnued)
An•lysls of net assets between funds - prlor year
Unrpsthcted ReStr￿ted
fund8
tunds
2022
2022
Tot81
ftinds
2022
Tanglble fixad assets
Current assets
Credit￿5 due within one ￿aT
6,789,992
795,512
(23,$06J
6,789.992
858.581
(23,606J
Tc*tal
7.561,898
63,069
7.624,967
19. Reconclll8tlon of not mov6m•nt In funds lo not cash flow from operatlng actlvltles
2023
2022
N81 Inwm&18xpenditure for the ￿r {as p8r Statement of Financ*1
Activities)
53,789
(49.800)
AdJustm8nts for
Depreci8tion charges
Decreasellincfease) in stocks
Increase in d8btors
In¢reaselldecre3s8) in creditor3
15,157
20.936
1692)
(3,939)
1,918
15761
(6,orA>i
Nét cash provtded byl{used In) operatlng aGll¥llie5
62.415
(31.577)
20. Analysis of cash and ¢a$h equlvalents
2023
2022
Cash in harKI
864.938
838,276
Total cash and cash equlvalents
864,938
838,276
Page 31

ROMFORD BAIYIST CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
21. Analysls of changes In net debt
At31
December
2023
January
2023 Cash flo*
Cash at bank and in hand
838,276
21662
864,938
838.276
26.662
864,938
22. Penslon commltments
The tharity operates a defined contrknubon pensiorb scheme. The assets of the scheme are held
Separate￿ from those of the charity tn an independentty administ8red fund. The pension cost tharge
represents conlribulions payable bythe ¢harrty lo the ftjnd amounted lo £20,59412022.' £23.7421.
Related party transadlons
During the year. inccyne of £68,500 {2022.' £64.tXM)I was received from Romford Baptist Church Housing
A￿CIation Limit8d, 8 charity undèr Common cmtrol, in r88p8cl of pastor81 services. During th8 year
payments of £2320012022: 23.200) were made to Romford Baptist Church HousSng Association LlrNtted
in respect of bo)k-keeping and premBes management. At the balance sheet dats £116 {2022.. £2351 was
receivable frLMn RBCHA and inctudgj wilhin trode debtors and £4.169 (2022.. £4.0031 was payable to
RBCHA and is induded thin tra18 cr8dilors.
24. Post b•lance sheet events
The Harold Hill rnanse ojrrenty being hdd by Romford Baplist Church is most Ikew to be transferred to
the EBA and the BUGB at th8 histr)ric valu8 of it W8s brought into th8 RBC books at some pc>int in
2024.
Page 32