| GENERAL FUND RECEIPTS & | PAYMENTS ACCOUNT | PAYMENTS ACCOUNT | PAYMENTS ACCOUNT | YEAR ENDING | YEAR ENDING | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31/12/2022 | 31/12/2023 | ||||||||
| Receipts | Note | ||||||||
| Offerings | 3 | E | 31,857.92 | 33,168.09 | |||||
| Income tax recovered on gifts |
E | 7,888.89 | 7,207.40 | ||||||
| Donations and other income |
4 | E | 580.86 | 466.93 | |||||
| Hire and contributions for use of premises |
E | 10,182.14 | 5,896.00 | ||||||
| Raised for other causes | 5 | E | 1,825.22 | 1,164.00 | |||||
| Rent received from manse | E | 10,200.00 | 10,200.00 | ||||||
| Building fund | |||||||||
| Total Receipts | 62,535.03 | E | 58,102.42 | ||||||
| Payments | |||||||||
| Ministry | 6 | E | 35,902.34 | 37,824.71 | |||||
| Upkeep of church premises | 7 | E | 10,422.28 | 15,179.50 | |||||
| Mission | 8 | E | 3,191.90 | 2,937.00 | |||||
| Administration &general expenditure |
9 | E | 2,479.94 | 3,795.95 | |||||
| Total Payments | 51,996.46 | E | 59,737.16 | ||||||
| Net receipts for the period | 10,538.57 | -E | 1,634.74 | ||||||
| Transfers from General | Fund to Building | Fund | |||||||
| Transfers from/to General |
Fund from/to | Community | Evangelist | Fund | 10,000.00 | E | 5,000.00 | ||
| Balance - at start ofperiod | 8,427.38 | E | 8,965.95 | ||||||
| Balance - as at end of period | 8,965.95 | E | 12,331.21 |
| YEAR ENDING | YEAR ENDING | |||
|---|---|---|---|---|
| Receipts | 31/12/2022 | 31/12/2023 | ||
| Envelopes and other income |
||||
| Legacy | ||||
| VAT recovered | ||||
| Total Receipts | ||||
| Payments | ||||
| General repairs &improvements | ||||
| Total Payments | ||||
| Net receipts for the period | ||||
| Transfers to Building Fund from General | Fund | |||
| Balance - at start ofperiod | 439.50 | E | 439.50 | |
| Balance -as at end of period | 439.50 | E | 439.50 |
| YEAR ENDING | YEAR ENDING | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Receipts | 31/12/2022 | 31/12/2023 | |||||||
| Envelopes and other income |
|||||||||
| Slee Blackwell final distribution | |||||||||
| Interest received | 298.78 | 1,537.35 | |||||||
| Total Receipts | 298.78 | 1,537.35 | |||||||
| Payments | |||||||||
| Interest | |||||||||
| Total Payments | |||||||||
| Net receipts forthe period | 298.78 | E | 1,537.35 | ||||||
| Transfers to Community | Evangelist | Fund | from General | Fund | |||||
| Transfers from/to General |
Fund from/to | Community | Evangelist | Fund | 10,000.00 | -E | 5,000.00 | ||
| Balance - at start of period | 71,821.45 | E | 82,120.23 | ||||||
| Balance - as at end of period | 82,120.23 | E | 78,657.58 |
| FINANCIAL STATEME | NT FO | R THE YE | AR ENDING | 31DECEMB | ER2023 | ||||
|---|---|---|---|---|---|---|---|---|---|
| BALANCE SHEET AS AT | 31/12/2022 | BALANCE | SHEET AS AT | 31/12/2023 | |||||
| Statement ofAssets | and Liabilities | ||||||||
| ASSETS | Note | ||||||||
| Bank~an n s |
|||||||||
| uoyds Account | 10,741.02 | ||||||||
| CAF Cash ACcount | 9,405.45 | 2,029.70 | |||||||
| 80CAccount | 75,153.08 | ||||||||
| CAF Gold Account | 82,120.23 | 3,504.50 | |||||||
| 10 | 91,525.68 | 91,428.29 | |||||||
| LESS LIABILITI 5 | |||||||||
| Short term Loans from Members | |||||||||
| TOTAL ASSETS LESSTOTAL | LIABILITIES | 6 | 91,525.68 | 91,428.29 | |||||
| REPRESENTED BY: | |||||||||
| GENE~RA F NG |
|||||||||
| Balance 1stJanuary | 8,427.38 | 8,965.95 | |||||||
| Surplus/De/ficit during |
Year | 10,538.57 | -E | 1,634.74 | |||||
| Transfer to Building Fund | |||||||||
| Transfer from/to Community |
Evangelist | Fund | 10,000,00 | ||||||
| Balance 31stDecember | 8,965.95 | 12,331.21 | |||||||
| BUILDING FUND | |||||||||
| Balance 1stJanuary | 439,50 | 439.50 | |||||||
| Surplus/De/left during |
Year | ||||||||
| Transfer from General | Fund | ||||||||
| Balance Sist December | 439.50 | 43980 | |||||||
| COMMUNITY EVANGELIST |
FUhiD | ||||||||
| Balance 1stJanuary | 71,821.45 | 82,120.23 | |||||||
| Surplus/De/fcit during |
Year | 29L78 | 1,537.35 | ||||||
| Transfer from General | Fund | 10,0M.OO | 5,000.00 | ||||||
| Balance 31stDecember | 82,120.23 | 78,657.58 | |||||||
| TOTAL RESERVES | 91,525.68 | 91,428.29 |
| 3 | Offerings | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2023 | ||||||||
| Sunday offerings | - envelopes | E | 17,173,92 | E | 16,269.09 | ||||
| Sunday offerings | - plate | ||||||||
| Standing Order |
offerings | E | 14,684.00 | E | 16,899.00 | ||||
| Total Offerings | E | 31,857.92 | E | 33,168.09 | |||||
| 4 | Donations and |
Other Income | |||||||
| 2022 | 2023 | ||||||||
| Communion offerings |
E | 27.20 | f | 51.50 | |||||
| Other income | E | 253.66 | f | 81.43 | |||||
| Gift Day | f | 300.00 | f | 334.00 | |||||
| Lee Abbey training | E | f | |||||||
| Total Donations | and Other Income | 580.86 | E | 466.93 | |||||
| 5 | Raised for Other Causes | ||||||||
| 2022 | 2023 | ||||||||
| Home Mission | E | 70.00 | E | 438.00 | |||||
| BMS World Mission | E | 1,340.22 | 521.00 | ||||||
| Other Mission | f | 415.00 | f | 205.00 | |||||
| Total Raised for | Other Causes | E | 1,825.22 | E | 1,164.00 | ||||
| 6 | Ministry | ||||||||
| 2022 | 2023 | ||||||||
| Minister's stipend |
E | ' | 18,956.40 | 22,043.84 | |||||
| Baptist Pension | Fund DC plan employer | contributions | f | E | |||||
| Baptist Pension | Fund DB plan deficiency | contributions | E | 2,192.36 | E | 12.00 | |||
| Minister's travel |
&other expenses | E | 1,285.73 | E | 1,587.23 | ||||
| Music &worship | expenditure | E | 701.77 | E | 736.14 | ||||
| Training &teaching | E | 41.57 | f | 373.79 | |||||
| Manse rent, council tax &water expenditure | E | 12,584.33 | E | 12,775.48 | |||||
| BU Subscriptions | E | 140.18 | E | 296.23 | |||||
| Total Ministry | E | 35,902.34 | E | 37,824.71 |
| 7 | Upkeep ofchurch | premis | es | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2023 | ||||||||
| Lighting and heating | E | 929.04 | 2,768.47 | ||||||
| Cleaning &catering | E | 1,621.50 | 2,197.73 | ||||||
| Insurance | E | 4,647.39 | 4,943.74 | ||||||
| Repairs and maintenance | f | 3,139.35 | 4,869.56 | ||||||
| 2 Coronation Street | E | 85.00 | 400.00 | ||||||
| Total Upkeep ofchurch premises | E | 10,422.28 | E | 15,179.50 | |||||
| 8 | Mission | ||||||||
| 2022 | 2023 | ||||||||
| Home Mission | f | 715.00 | f | 500.00 | |||||
| BMSWorld Mission | E | 1,631.00 | E | 661.00 | |||||
| Sunday School Youth | Work | E | 104.90 | f | |||||
| Other mission | E | 170.00 | f | 1,200.00 | |||||
| Publicity &outreach | f | 571.00 | f | 576.00 | |||||
| Total Mission | E | 3,191.90 | E | 2,937.00 | |||||
| 9 | Administration &general |
expenditure | |||||||
| 2022 | 2023 | ||||||||
| Church office | E | 1,101.63 | 1,254.46 | ||||||
| Subscriptions | f | ||||||||
| Equipment | E | 66.31 | 487.99 | ||||||
| Other administration | &general expenditure | E | 1,312.00 | 2,053.50 | |||||
| Total Administration | &general expenditure | E | 2,479.94 | E | 3,795.95 | ||||
| 10 | Reconciliation -Bank Balances &Funds |
||||||||
| 31/12/2022 | 31/12/2023 | ||||||||
| Uoyds Business Account | E | 10,741.01 | |||||||
| Bank Balance - CAF Cash Account | E | 9,405.45 | E | 2,029.70 | |||||
| Baptist Union Corporation | Account | f | 75,153.08 | ||||||
| Bank Balance - CAF Gold Account | E | 82,120.23 | E | 3,504.50 | |||||
| E | 91,525.68 | E | 91,428.29 |
| Type ofassumption | 96pa | ||
|---|---|---|---|
| RPI price inflation assumption |
3.209o | ||
| CPI price inflation assumption |
2,709o | ||
| Minimum Pensionable |
Income increases | (CPI plus 0.759op.a.) | 3.209o |
| Assumed investment returns |
|||
| - Pre retirement | 2.959o | ||
| - Post retirement | 1.709o | ||
| Deferred pension increases |
|||
| - Pre Apiil 2009 | 3.209o | ||
| - Post April 2009 | 2.509o | ||
| Pension increases | |||
| —Main Scheme pension | Pre April 2006 | 2.709o | |
| —Main Scheme pension | Post April 2006 | 2.709o |