2021-12-31-accounts

Tove Valley Baptist Fellowship Treasurer's Report 2021

TVBF General Fund

2021 was a momentous year for TVBF with the opening of the TVC and a huge step into the unknown for finances and a steep learning curve for all of us but here we are, and I’m pleased to say our finances at the end of 2021 are looking ok - but that’s 2021

2022 I’m sure will be a different matter.

Our overall income target was nearly £92,000 and we achieved £100,699.68 most of that being because we had no Pastor costs and whole year rental income for the manse.

TVC hire income actually came in over budget by nearly £1,000 (Although running costs meant a final loss of £2229.68)

On a good note - We have a 2 yr. fixed contract for Gas & Elec so hopefully no huge surprises next year!

General Offering was less than budgeted but was covered this year by underspending. And expenditure was less than budgeted with staff costs being the main saving.

This could be a problem going forward when we have no manse income and a Pastor. We have a faithful God who has always been there for us in the past, but we need to be good stewards of this gift to us.

That said we gave over £9000 to our various mission projects.

At the end of the year, we have ended up with a £34,242.74 surplus.

If after the accountants have verified the figures, I suggest we move £25,000 to the TVC account, so that depending on circumstances they can be used to repay member loans.

TVC Account

Offerings in for the BU Loan less payments made give us a balance of £22,609 There is also £11,000 restricted funds and over £3000 from grants and donations

As with all things at present the interest rate for the loan has increased and we will now have to pay an increase of £91.01 per month to £4263.42 per month

BU Loan and Savings Report

Self-explanatory.

Weston Manse Sale shows the proceeds in the BU savings account and the fund split and use.

TVC Dev Co Financial report

The TVC Development Co returned £11,000 to TVBF last year and kept sufficient funds to pay the final account due in April 2022 (£ 44,718 ). Once VAT has been reclaimed on these the TVC Dev Co will be wound down and the bank account closed. The current balance is £46,488 .70 and there will be about £5,000 left after all expenses including final accountant’s fees are paid. Which will be paid to the TVC account

Lastly Thanks to everyone for their help this past year especially Colin Jane and Jeremy and to YOU all as well. I’m looking forward to seeing what God has planned for us this year.

VALLEY BAPTIST FELLOWSHIP R 117921 FINANOAL STATEMEr￿s Pa8e I

VE VALLEY BApYisf FELL SHIP FirEN Pay3 Examlnrfs Hewi to Twstee5 e$61015 Iloieswihe FhwKWS14tathEnts P48e I

I14DE￿NDENT EXAMINER'S REPORTTO THE TRUSTEES OF TOVE vAL￿aApTlST FELLOWSHIP My report on the finHnu31 statements (￿the p•desforthe ythr enoeo 3L Detembèr 2021 hl¥t be?n prwred in (cordarKe with the Charities Act 20LL Ithekil and with xwuniin8and RepcKtlrty Ch•rlts •¢¢ouThts in hthe Hnanclal Retffiln&St•ndard awlkat4tln the Vxathd Aeputd Irdand IFPS 102115s￿d on L6Juty 2014. Thecharty's trustees conyder thai an audrt 6 not requlreo for ihls Year uThJer section 144 of the Chadts Att 2011 and ihat an inde￿ndent examinaiknn is needed. l amouauned io undertake the ex•mlnatffi bvWn¢a quallfl•J rn￿r ofth@ Charterod InstiiLrteol Mana8QfflW At¢wnfanis. s myt•wsitsllity to.. t￿MINthe Jttoun15 lunder 5eciion 145 of the Actl, to Idlow lh• wo¢odures don Int￿ G•rK•ral Dh•atrffi$8thbytheCharftyComm655kn lunder sectlon 145ISllbl of lh• Acil, ind to state whether p•rtltu14r h• ¢¢m¢i¢ myrtWbiffi. l••ls dEx•mlnw'• Stst•m•nt •nd sew olwk w11•r￿ MYeA•rnihbi￿rt w•surried out in Jccwdonce Iht General ￿the0￿￿tycOffl￿1Sth. ex•mlnatl¢n Indude$4 reltr• ofiheaetouniini rttords kew tyihtthJrfty •nd a cwJr150n olthE Kcount5 esente¢l ￿th Ih05e records. tt also Ind￿Je$￿sIderalknn ol afiywUsU￿ ￿eM$Or dlsck)sures In the atttyjnts. and the seeWn8olexp4aftationstrom the trustet5concerrHn8ny matters. The undertaken dp not de all ihe ￿ld1￿Celhaf wjld bt rtqulred in •n •udit •y￿.£￿n$t•yÈthtfy. Tho ownltsn Is ￿¥￿￿ as to whEth the ounf$ present a'irue and l•lt' ¢ht rewt is ￿mited 10 Ih05e matter5 SEI tyJt l# the 5t•tement belLVW. connECtlon ￿￿￿h rny ¢umInal￿n, huMm• io m¥•￿nE￿'. WhKh vesme re9￿Mble￿￿5t to tolieye th•L ￿ anymDterkJl reird, thE re9ulrements.' to keep accounti￿ rec¢¥d5 In accordance with Sectkffj 130olthe io prewre accounis accord lth the atcountln8 rewrds and •xounik requlrement5dtheCh•rhle5 hm rhx ben rnet., or to whlch In wryoplnlon, draYbln LYd•rto wwbl• • woper wderSta￿1neofthQ (oun¢5 to be reached. 1110612022 For•nd on behalloP Tove Accountaffl(y Ltd Olfice 6. Town HalL 86 WarlIn8￿r￿ Easi.TrthreMer. Northèffl¥ WW12 685 Page 3

TOVEVALLEYWTLST FELLOWSHIP STATEMENT OF FINANOALAcnvmES fw the year ended 31st December 1021 2021 2020 Tot•1 INCOME Don•tlons •nd L•8•d•s Weekly offerln8S Donations Gront5 Glft Ald tax refunds Weston project 56,289 56,289 58.083 1.012 47.49J 405 56,287 186,794 ,250 36,491 58.083 1.012 17.086 3and4a 405 Ch•th•ble Artl¥ttles Youth Club Sundry 3.555 2,543 3.5S5 2,543 19) In￿stment incorne Interest 313 313 I,fJ)2 Olh•r R•ntsl Incorn• 28.290 28.290 6.810 TOTAL INCOM114G RUOURCES 121 405 198 EMPEIIDITufiE Costs of Ralslng Funds Charltable Actl¥lt4ES 3,4 ind 6 110,802 21I28 132,6XI 299.579 Other Ex￿ndIture 4,776 TOTAL RESOUAtsS USED iio 21 132 630 304 355 NET INCOMING RESOURCES Ilm2 54J53 405 65J50 H.069 RevalUat￿n of assets Trnn5frrs between fvnds .16,996 3.180 -80,176 balances brought forward 669,711 7S8,S66 8.879 1.437,156 1,393.087 8AiANCES CAARIED FORWARD 663￿01 749.739 9,284 IN22￿30 IA57,156 l. Movements of all reserves and all ￿ognIsed galns and knssesart shown 2. All of the charty's operntK)ns a￿ classed as on80in& 3. The notes on pages 6 to 15 forrn part of these firwncial statements Page 4

TOVEVAUEY BAPIWFfLLOW5HIP BALANCE SHE A5 AT 315T OECEM8ER ZOZI Notes Non-rnonetary assets 1.777,064 1,109.813 Currert Assets Debtors Cash at bank and In-hand Other mornetary assets 12 113,812 110.7f 329,094 103,469 227.913 435.904 Crtdltots: amounts falllnodutwithln ont yea io 582.147 108.561 14ÉfcuRRÉNfASSÉTS .354.234 327.343 TOTALASSETS less currert liabill￿e5 1422 830 1437 156 Cr•dltory'. •mounts lallln8 due èfterone year IN22￿30 1.437,156 CAPITAL AND RÉSERVES General Funds Endowment funds New Chrtstlan Cemfe funds 459273 46S.176 749 739 749.739 758.566 R•strirted Funds Mis*on fund 8enevolenr fuThd C4pltal Renewol 116 Gen C fund Weston Funds 352 -928 3.288 2.161 4.411 9.284 352 -928 3,288 2.161 5b 51 58 8,879 Re¥aluatk)n Re5er¥e 204.535 204.535 1.422.830 IA37.156 Date approved by the tfU5tets and Signed on theirbehalf by Trustee Paoe 5

TJds or 5eryKe5whkh woukl otherwise be pur¢hised. Wh¢r¢ It lsdlfflcuttoi notw5￿￿¢ tsvalue the8￿sOr SeThI￿ s￿h as¥olunteer Jme, the accountsdo Trji Include ifiem. ¢ludln8 8n)ts lor the pur¢hatA olftxd assets, ai¢ r¢co8nld In fum In trStstement of Artmues Inthe y•ar whlch thty are fecthed. are to be for specffied purposes as ieouired by1heJtyi￿. Expenditlffe whkh these criter1¥ Is alkcated to the rdevant fund. Income derNqd from thqse funds is retained within tt concemod. r• unr•5trIct41 fvnds whkh th• tryst••s h• d•4wi•d to b• vs•d 1ty4 swlht purpos•. Where thes• funds yitkl Investment Income. thls Is avallable Ii¥eeneral wrposes. OtÈ&ll￿￿are fvnd51ch are de￿In1th0O1 restthred. •rE for u ty the ch•￿ty In fvlftllr411S moth Objeei￿￿ar￿I ère tapitsllsed and depreC￿ted atthè fol*)wkn8 ratss.. 2% redwlw balèr Fwnllurt & Egulpmefil 25X1¢d￿￿Wbl￿•r￿t Tht rntes¢hwn •r¢ukul•ted to wrfte oftthè tost of the isset ￿1115 eslmated uselul1Sle olseThln8the charlty. Tove Valley Baptlst Fell¢)wsNp l)ecame a <harltsbl• I￿p￿￿ted ICA)I w JIM March 1019 I￿1 •4 a5%•tsw•r• transterred across attuner+tWrttter4d￿n v•lue. I FIXEDASSETS Furn￿￿re & Totsl CD5t brought foThv4rd l January 20ZI ddlt DIsp05als Re¥aluatbn A5 at 31s1 Decembef 2021 i.If•).999 703.931 4510 1,165.509 701931 1,864,930 4.510 1,869,440 Oeprttlatlon.. Depreciaiion brou8ht lo￿3rd l Jan￿ry IOZI Dlsposals Char8e for the year A5at 3151 Decembw 2021 5L699 55.696 415 4AL2 87.964 92.376 As at 31sf December 2021 1.716.966 1.777.064 Asat 31st Decefflber 20 1.109.XN) 513 1,109.813 Pa8e 6

TOVE VALLEY wfsT FELLOWSHIP P40TE5 TO THE STATEMENT OF FINANCIALAcllviTIE5 Iconiinuedl FOR THE YEAR ENDED 31ST DECEMBER 2021 5. REsTricfED FUNDS la) M15510N FUND Not•5 UM0$tsk￿ Endowment Restrlded 2021 Funds Fund5 Funds Total 2020 Tota Donatlons Gift aid tzx rèfunds Interest Total In¢om• Exp•ndltur• Expen5e5 Total Exp•ndbturq N•t In¢om• Translers between fvnds Balances brought forward 352 352 352 Balanc•s carrl•d forward 352 352 352 5. RESTRICTED FUNOS Ibl 8ENEVOLENT FUt4D TOWCESTER Notss Unr•strlrt•d Endowm•nt R•strlcted Funds Funds Funds 2021 Tt>t•l 2020 Tot•1 Incom• Donations Interest Gift aid refunds Totsl Incom• Eypqndlturn Expenses Tot•1 E¥pvndltw• Net Income Transfers between lunds Balances brought forward -928 -928 720 B•lonce5 l<Jn¥ard -928 -928 -928 Pw9

f40TESTO THE STATEMENT OF FINANOAL ACTNMES Iwrtlnuedl FOR ThE YEAR ENDED 31ST DECEMBER 20ZI 4. ENDOWMENT FUNDS l¥1 PJIW CMfiiwAN CENTrG FUNO Iloies Unrtstrfrt¢d Endowm¢rf Restr￿¢4 Funds Funds Furtll 2021 T•t•l 2020 Tot•1 Intome Donatlons Grants Gift aid tsx fefunds Investment incorne Tot•1 Inoffl• 58.CQ3 1,012 17.086 186,794 60,250 14,442 1.012 17,086 Expendlture Sundries Professlonal fees Total E¥p•ndMur• 21.82B 21,828 55,379 491 55.870 21,828 21W8 N•t Intom• 54.353 54.153 205.616 Transfers between fvnds 43.180 43,180 B•l•n¢es brou8ht 10fv4•r 758.566 758,566 552.950 Oalancw rarded fovwavd 749.719 749.739 758.$66 Pa8e 8

NOTES TO ThE STATEMENTOF FINANCIAL ACTIVrnES (cont1r￿ed￿ FOR THÉ YEAR ENIXD 31ST DfCEMBER 2021 3. GENERAL FUNDS 14otes Unre5trlcted E￿lOWment Restrlcted Fur Fund5 Funds 2021 Totsl 2020 Total Income Weekly offerings Gift aSd tax refunds Investment Income Rental income Youth Club Sundry Interest S6,289 56,289 30.404 56.287 22.049 28.29) 3.555 2,543 313 121.894 28.290 3,555 2,543 313 121.894 6.810 190 I,CQ2 86,338 ExpendRufe Pasttsrs ¢osts Youth work Churth expenses Other expenses Total Resources Usod 35,741 2.393 72,668 35,741 2.393 72,668 48,SS7 289 193,21S 4.776 I46￿37 6b iio iio Income over expendlture Ilm2 IlJ192 -160A99 Transfers between fund5 -16.996 .16,996 Aevaluatlon of pfoperty Balances brought forward 465,177 465,177 625,676 Balanc•s carrled forward 459.273 459,173 465,177 Pa8e 7

TOVE VALLEY BAPTIST FELLOWSHIP NOTES TO ThE STATEMENT OF FINANCIAL Acfp4iTIES Icontlnuedl FOR THE YEAR ENDED 31ST DECEMBEA 2021 5. RESTRicfED FUNDS lel WESTON FUNDS Notes Unrestrfcted Endtr4fftent Restrkted Funds Fund5 Funds 2021 Total 2020 Total Incom• Donatlons Gift ald tax refunds Interèst T￿al Income 405 61KJ 405 405 Expendlture Expenditure Total EXPer￿ltUre N•t Incom• 405 40S Transfers b￿ween funds Balances brought forward 3,4C6 BalarKes urrled fon¥ard 4,411 4.411 5. RESTRICTED FUND5 If) CAPITAL RENEWAL 1% GEN Notes UnMstikt•d Endowmerf Restrfrted Funds Funds Funds 2021 Toial 2020 Total Incom• Donations Glft ald tax refunds Interest Total Incom• Expendtturè Expendlture Total ExPend[￿re Net Inc•m• Transfws bètween funds Balan￿$ brought forward 3,288 3,288 3.288 Balances tarrled forwartl 3.288 Pa8e 10

140TU TOTht STATeMet4T OF FINANCiALAcnvmu Iwntlnyedl FOR ThE YEAft ENDED 31ST DECEM6ER 2021 13. PAYMENTSTOTRUSTEES l or more trustees has beÈn paid rtmuneration or ha5 receNed other I￿￿1T0M ernpkiyrnent with the charftv. M Whitlock has been poid fOrern￿￿d ser¥w as the p¥ior. Salary £21.950 Pension contributions 3.937 8 trLt5tee5 have clalrned £4149 expenses Evange15sm IT costs Sunday schc4Jl Weston Malntenance Phone cleanin￿ConSuM0bIes Sundry Church costs £340 E128 £22 f 140 E45 £3SO El.133 É2,158 There were no related party transattknn$l%¥ the perknd. 14. PENSION XHEME uMiunES The Church is • participatini employer the Baptist Pens￿￿ Scheffle l-the Sche￿￿.1, which is a 5eporote le8Jl entity administered the Penslon Trustee (Baptist Pensknn Yrust ￿￿led1. The the kneme I￿ held sep•r•tdy Irom those ol the EM￿0yer and the other partl¢5patin6 empl¢)yers The Scheme. previousw known as the 8aptist Ministtrs, Pension Fund. started in 1925. but was c105ed to future accrual of defined benefits on 31 December 2011. Prior to this date the main benefit prtsvidetl throu8h the Defined 8enefit1081 Plan was a pension of one ei8htieth ol final rninimum pefi5ionoble incoffe for eKh Year of pensionable 5er¥ice tO8eEher wlth additional pension in respect of premlums paid on PensionaNÈ IncomÈ in x¢Éss ot Minimum Pen$h)n•￿+ Incine. si￿ l J•muary 2012. bènfits h¥v• bt*n provided through a Defineé Contribjtion (DCI PIBn. A lorrnal valuation of ihe OB Plan as * 31 December 2016 ty a profeSSthal￿ qualified Actuary using thè Projected Unit Method. At the ¥aluatSon date the market value of ihe D8 Plan assets was £219 mill￿Th. whilst the level of assets needed io pay benefits was 312rn1 BlvlnB a defic5t 01 £93rn leqvl¥alent to a past seryke fundln8 level of 70%]. The Church and rhe other partlclpatln8 employers in the DB Plan are collectivefy responsiwe for funding this deficit. The next actuarial valuation of the OB Plan wthin the Stheme Is dve to tale place not latev than a5 at 31 December 2019. Under the Schedule of Contributions, thechufth makes a monthty paymeni In respect of the DB scherne defictt, currentty £349.39, which will increase in line with increases in Minimum Pens￿n)ble Income. Theschedule of Contributws foresees these contributloThs conilnuin8 until Decernt)er 2035. Pa8e 15

TOVE VALLEY BAPTisf FELiOWSHIP NOTESTO THE STATEMENT OF FINANCIAL AcnviTIES Icontinuedl FOR ThE YEAR ENDED 31sr DECEMBER 2021 5. REsTricfED FUNDS tsIThIC FUND Notes Unrestrkted EndOW￿nt Re5trlcted Funds Funds Funds 2021 Total 2020 Total Incomè Donatlons Gift aid tax refunds Inlerest Tot•1 Incom• Expendlture Expendlture Yotal Expendlture Net In¢¢Jffle Transfefs between funds Balances brought forward 2.161 2,161 2.161 Balanc•s carrl•d fon¥ard 2.161 2.161 2,161 Pa8e 11

TOVE VALLEY BAPTItt FELLOWSHIP NOTES TOTHE STATEMENT OF FINANaAL AcnvThiES l¢ontIn￿dI FOR THE YEAR ENDED 31ST DECEM8ER 2021 6. GENERAL RESOURCES USED 2020 Total Funds Fund5 Fund5 Totsl (•) P•stOfS Costs Stipend Empl¢)yvs Nl PensSon contrlbutlon Water rates- Manse Repairs- Manse Expenses Telephone LIght5n￿he3tin8 Council tax Insuronce- Manse 23.728 23.728 37,484 331 7.3tlO 276 1,351 6.616 6.616 2,399 954 247 1.452 2,399 954 247 1.452 666 759 350 48,557 345 35,741 345 35,741 Ibl P•yments- Youth Work & SuDd•yScho Youth work Youth Club Sunday 5choDI supplles 324 1,683 386 2,393 324 1,683 386 2.393 249 Icl Payment5. ch￿￿h •xp•n Books & Publlshin8 Li8htIn￿heatins Water rates Hire ol pr*mis Insurance Accounts cornpilétlon lees PrintlnyJ5tatlonery Telephone Mlsc Expenses Repair5 IT c05tS Confefentes and suhcriptions Evan8elisrn Mum5 & Tots Sundrie5 Professlonal Fees Bank Char8es TraininyJCour5es Staff costs Home Misslon Depreciation 4.226 287 4.226 287 1.015 1.380 1,091 750 106 6.463 6,463 so 50 1,418 2.140 894 601 1.418 2,140 894 601 689 347 3.691 3,380 494 147,011 423 7,774 347 3,691 5,186 9.622 5.186 9,622 36 678 72.668 6,726 72.668 193.215 Idl Payments. otherèxpen We5tori mon5e rentjl lost5 4,776 Page 12

IIOTESTOIHE STATEMEIIT ￿ FINANOALAcnwnESIMMkwdl F(MtThE YEOJt EwipEf315TQE(EMIER Z)ZI 2020 Tot•1 Tot•1 7. AECEIpTS.￿n￿ty￿K1¥ Vm5 &Tots su￿Jryln￿ffle 43 ThÈ GI￿n￿mI￿1￿ ftef￿￿ 1543 190 B. OThER MONFfARY ASSETS Neld lorirt¥e5tmenu'. Tawce5t¢r Helrndon Newthrl#l•neonwe 1.251 3J41 JJ41 g. CW AT W4K AFID WI M• Cash Bink Current A￿OUnt Bank 8ulldln$Account ¥thClub 71.837 37.050 1.873 110.7f￿) 44.219 59.250 101.469 Loan 107 I￿.561 592.147 IL ￿1￿c0ST$ll￿1 IIiIMJ Gr055 w￿¢5 Ind >lirles Nthtiohal Inynnee Cothbuttoni p9n￿On 28,769 145 37,484 331 35.$30 45.155 Noe￿￿O¥e￿ re￿fftd emptye be￿eM$e￿eeoN tf•).(Lo The •vérn8e M￿1hty nwnberofemplty*Wd￿II¢Fe pe¢lthlTAwe •sldknA¥'. P•sttys PensloThC¥ts The Charity 0￿rat•S acontrlbL4tOryg•nsboTrsch•M. delkW￿￿lknft tharled In the 5tatemMt0ffina￿￿ attM1￿%￿S they KUW. Endo¥rnent'. elmdon-n•t prrnd5 held by BapiKff Un Unrestriaed 113312 I13￿12 319￿9¢ P4t14

VALLEY BAPTIST FELLOWSHIP R 117921 FINANOAL STATEMEr￿s Pa8e I

VE VALLEY BApYisf FELL SHIP FirEN Pay3 Examlnrfs Hewi to Twstee5 e$61015 Iloieswihe FhwKWS14tathEnts P48e I

I14DE￿NDENT EXAMINER'S REPORTTO THE TRUSTEES OF TOVE vAL￿aApTlST FELLOWSHIP My report on the finHnu31 statements (￿the p•desforthe ythr enoeo 3L Detembèr 2021 hl¥t be?n prwred in (cordarKe with the Charities Act 20LL Ithekil and with xwuniin8and RepcKtlrty Ch•rlts •¢¢ouThts in hthe Hnanclal Retffiln&St•ndard awlkat4tln the Vxathd Aeputd Irdand IFPS 102115s￿d on L6Juty 2014. Thecharty's trustees conyder thai an audrt 6 not requlreo for ihls Year uThJer section 144 of the Chadts Att 2011 and ihat an inde￿ndent examinaiknn is needed. l amouauned io undertake the ex•mlnatffi bvWn¢a quallfl•J rn￿r ofth@ Charterod InstiiLrteol Mana8QfflW At¢wnfanis. s myt•wsitsllity to.. t￿MINthe Jttoun15 lunder 5eciion 145 of the Actl, to Idlow lh• wo¢odures don Int￿ G•rK•ral Dh•atrffi$8thbytheCharftyComm655kn lunder sectlon 145ISllbl of lh• Acil, ind to state whether p•rtltu14r h• ¢¢m¢i¢ myrtWbiffi. l••ls dEx•mlnw'• Stst•m•nt •nd sew olwk w11•r￿ MYeA•rnihbi￿rt w•surried out in Jccwdonce Iht General ￿the0￿￿tycOffl￿1Sth. ex•mlnatl¢n Indude$4 reltr• ofiheaetouniini rttords kew tyihtthJrfty •nd a cwJr150n olthE Kcount5 esente¢l ￿th Ih05e records. tt also Ind￿Je$￿sIderalknn ol afiywUsU￿ ￿eM$Or dlsck)sures In the atttyjnts. and the seeWn8olexp4aftationstrom the trustet5concerrHn8ny matters. The undertaken dp not de all ihe ￿ld1￿Celhaf wjld bt rtqulred in •n •udit •y￿.£￿n$t•yÈthtfy. Tho ownltsn Is ￿¥￿￿ as to whEth the ounf$ present a'irue and l•lt' ¢ht rewt is ￿mited 10 Ih05e matter5 SEI tyJt l# the 5t•tement belLVW. connECtlon ￿￿￿h rny ¢umInal￿n, huMm• io m¥•￿nE￿'. WhKh vesme re9￿Mble￿￿5t to tolieye th•L ￿ anymDterkJl reird, thE re9ulrements.' to keep accounti￿ rec¢¥d5 In accordance with Sectkffj 130olthe io prewre accounis accord lth the atcountln8 rewrds and •xounik requlrement5dtheCh•rhle5 hm rhx ben rnet., or to whlch In wryoplnlon, draYbln LYd•rto wwbl• • woper wderSta￿1neofthQ (oun¢5 to be reached. 1110612022 For•nd on behalloP Tove Accountaffl(y Ltd Olfice 6. Town HalL 86 WarlIn8￿r￿ Easi.TrthreMer. Northèffl¥ WW12 685 Page 3

TOVEVALLEYWTLST FELLOWSHIP STATEMENT OF FINANOALAcnvmES fw the year ended 31st December 1021 2021 2020 Tot•1 INCOME Don•tlons •nd L•8•d•s Weekly offerln8S Donations Gront5 Glft Ald tax refunds Weston project 56,289 56,289 58.083 1.012 47.49J 405 56,287 186,794 ,250 36,491 58.083 1.012 17.086 3and4a 405 Ch•th•ble Artl¥ttles Youth Club Sundry 3.555 2,543 3.5S5 2,543 19) In￿stment incorne Interest 313 313 I,fJ)2 Olh•r R•ntsl Incorn• 28.290 28.290 6.810 TOTAL INCOM114G RUOURCES 121 405 198 EMPEIIDITufiE Costs of Ralslng Funds Charltable Actl¥lt4ES 3,4 ind 6 110,802 21I28 132,6XI 299.579 Other Ex￿ndIture 4,776 TOTAL RESOUAtsS USED iio 21 132 630 304 355 NET INCOMING RESOURCES Ilm2 54J53 405 65J50 H.069 RevalUat￿n of assets Trnn5frrs between fvnds .16,996 3.180 -80,176 balances brought forward 669,711 7S8,S66 8.879 1.437,156 1,393.087 8AiANCES CAARIED FORWARD 663￿01 749.739 9,284 IN22￿30 IA57,156 l. Movements of all reserves and all ￿ognIsed galns and knssesart shown 2. All of the charty's operntK)ns a￿ classed as on80in& 3. The notes on pages 6 to 15 forrn part of these firwncial statements Page 4

TOVEVAUEY BAPIWFfLLOW5HIP BALANCE SHE A5 AT 315T OECEM8ER ZOZI Notes Non-rnonetary assets 1.777,064 1,109.813 Currert Assets Debtors Cash at bank and In-hand Other mornetary assets 12 113,812 110.7f 329,094 103,469 227.913 435.904 Crtdltots: amounts falllnodutwithln ont yea io 582.147 108.561 14ÉfcuRRÉNfASSÉTS .354.234 327.343 TOTALASSETS less currert liabill￿e5 1422 830 1437 156 Cr•dltory'. •mounts lallln8 due èfterone year IN22￿30 1.437,156 CAPITAL AND RÉSERVES General Funds Endowment funds New Chrtstlan Cemfe funds 459273 46S.176 749 739 749.739 758.566 R•strirted Funds Mis*on fund 8enevolenr fuThd C4pltal Renewol 116 Gen C fund Weston Funds 352 -928 3.288 2.161 4.411 9.284 352 -928 3,288 2.161 5b 51 58 8,879 Re¥aluatk)n Re5er¥e 204.535 204.535 1.422.830 IA37.156 Date approved by the tfU5tets and Signed on theirbehalf by Trustee Paoe 5

TJds or 5eryKe5whkh woukl otherwise be pur¢hised. Wh¢r¢ It lsdlfflcuttoi notw5￿￿¢ tsvalue the8￿sOr SeThI￿ s￿h as¥olunteer Jme, the accountsdo Trji Include ifiem. ¢ludln8 8n)ts lor the pur¢hatA olftxd assets, ai¢ r¢co8nld In fum In trStstement of Artmues Inthe y•ar whlch thty are fecthed. are to be for specffied purposes as ieouired by1heJtyi￿. Expenditlffe whkh these criter1¥ Is alkcated to the rdevant fund. Income derNqd from thqse funds is retained within tt concemod. r• unr•5trIct41 fvnds whkh th• tryst••s h• d•4wi•d to b• vs•d 1ty4 swlht purpos•. Where thes• funds yitkl Investment Income. thls Is avallable Ii¥eeneral wrposes. OtÈ&ll￿￿are fvnd51ch are de￿In1th0O1 restthred. •rE for u ty the ch•￿ty In fvlftllr411S moth Objeei￿￿ar￿I ère tapitsllsed and depreC￿ted atthè fol*)wkn8 ratss.. 2% redwlw balèr Fwnllurt & Egulpmefil 25X1¢d￿￿Wbl￿•r￿t Tht rntes¢hwn •r¢ukul•ted to wrfte oftthè tost of the isset ￿1115 eslmated uselul1Sle olseThln8the charlty. Tove Valley Baptlst Fell¢)wsNp l)ecame a <harltsbl• I￿p￿￿ted ICA)I w JIM March 1019 I￿1 •4 a5%•tsw•r• transterred across attuner+tWrttter4d￿n v•lue. I FIXEDASSETS Furn￿￿re & Totsl CD5t brought foThv4rd l January 20ZI ddlt DIsp05als Re¥aluatbn A5 at 31s1 Decembef 2021 i.If•).999 703.931 4510 1,165.509 701931 1,864,930 4.510 1,869,440 Oeprttlatlon.. Depreciaiion brou8ht lo￿3rd l Jan￿ry IOZI Dlsposals Char8e for the year A5at 3151 Decembw 2021 5L699 55.696 415 4AL2 87.964 92.376 As at 31sf December 2021 1.716.966 1.777.064 Asat 31st Decefflber 20 1.109.XN) 513 1,109.813 Pa8e 6

TOVE VALLEY wfsT FELLOWSHIP P40TE5 TO THE STATEMENT OF FINANCIALAcllviTIE5 Iconiinuedl FOR THE YEAR ENDED 31ST DECEMBER 2021 5. REsTricfED FUNDS la) M15510N FUND Not•5 UM0$tsk￿ Endowment Restrlded 2021 Funds Fund5 Funds Total 2020 Tota Donatlons Gift aid tzx rèfunds Interest Total In¢om• Exp•ndltur• Expen5e5 Total Exp•ndbturq N•t In¢om• Translers between fvnds Balances brought forward 352 352 352 Balanc•s carrl•d forward 352 352 352 5. RESTRICTED FUNOS Ibl 8ENEVOLENT FUt4D TOWCESTER Notss Unr•strlrt•d Endowm•nt R•strlcted Funds Funds Funds 2021 Tt>t•l 2020 Tot•1 Incom• Donations Interest Gift aid refunds Totsl Incom• Eypqndlturn Expenses Tot•1 E¥pvndltw• Net Income Transfers between lunds Balances brought forward -928 -928 720 B•lonce5 l<Jn¥ard -928 -928 -928 Pw9

f40TESTO THE STATEMENT OF FINANOAL ACTNMES Iwrtlnuedl FOR ThE YEAR ENDED 31ST DECEMBER 20ZI 4. ENDOWMENT FUNDS l¥1 PJIW CMfiiwAN CENTrG FUNO Iloies Unrtstrfrt¢d Endowm¢rf Restr￿¢4 Funds Funds Furtll 2021 T•t•l 2020 Tot•1 Intome Donatlons Grants Gift aid tsx fefunds Investment incorne Tot•1 Inoffl• 58.CQ3 1,012 17.086 186,794 60,250 14,442 1.012 17,086 Expendlture Sundries Professlonal fees Total E¥p•ndMur• 21.82B 21,828 55,379 491 55.870 21,828 21W8 N•t Intom• 54.353 54.153 205.616 Transfers between fvnds 43.180 43,180 B•l•n¢es brou8ht 10fv4•r 758.566 758,566 552.950 Oalancw rarded fovwavd 749.719 749.739 758.$66 Pa8e 8

NOTES TO ThE STATEMENTOF FINANCIAL ACTIVrnES (cont1r￿ed￿ FOR THÉ YEAR ENIXD 31ST DfCEMBER 2021 3. GENERAL FUNDS 14otes Unre5trlcted E￿lOWment Restrlcted Fur Fund5 Funds 2021 Totsl 2020 Total Income Weekly offerings Gift aSd tax refunds Investment Income Rental income Youth Club Sundry Interest S6,289 56,289 30.404 56.287 22.049 28.29) 3.555 2,543 313 121.894 28.290 3,555 2,543 313 121.894 6.810 190 I,CQ2 86,338 ExpendRufe Pasttsrs ¢osts Youth work Churth expenses Other expenses Total Resources Usod 35,741 2.393 72,668 35,741 2.393 72,668 48,SS7 289 193,21S 4.776 I46￿37 6b iio iio Income over expendlture Ilm2 IlJ192 -160A99 Transfers between fund5 -16.996 .16,996 Aevaluatlon of pfoperty Balances brought forward 465,177 465,177 625,676 Balanc•s carrled forward 459.273 459,173 465,177 Pa8e 7

TOVE VALLEY BAPTIST FELLOWSHIP NOTES TO ThE STATEMENT OF FINANCIAL Acfp4iTIES Icontlnuedl FOR THE YEAR ENDED 31ST DECEMBEA 2021 5. RESTRicfED FUNDS lel WESTON FUNDS Notes Unrestrfcted Endtr4fftent Restrkted Funds Fund5 Funds 2021 Total 2020 Total Incom• Donatlons Gift ald tax refunds Interèst T￿al Income 405 61KJ 405 405 Expendlture Expenditure Total EXPer￿ltUre N•t Incom• 405 40S Transfers b￿ween funds Balances brought forward 3,4C6 BalarKes urrled fon¥ard 4,411 4.411 5. RESTRICTED FUND5 If) CAPITAL RENEWAL 1% GEN Notes UnMstikt•d Endowmerf Restrfrted Funds Funds Funds 2021 Toial 2020 Total Incom• Donations Glft ald tax refunds Interest Total Incom• Expendtturè Expendlture Total ExPend[￿re Net Inc•m• Transfws bètween funds Balan￿$ brought forward 3,288 3,288 3.288 Balances tarrled forwartl 3.288 Pa8e 10

140TU TOTht STATeMet4T OF FINANCiALAcnvmu Iwntlnyedl FOR ThE YEAft ENDED 31ST DECEM6ER 2021 13. PAYMENTSTOTRUSTEES l or more trustees has beÈn paid rtmuneration or ha5 receNed other I￿￿1T0M ernpkiyrnent with the charftv. M Whitlock has been poid fOrern￿￿d ser¥w as the p¥ior. Salary £21.950 Pension contributions 3.937 8 trLt5tee5 have clalrned £4149 expenses Evange15sm IT costs Sunday schc4Jl Weston Malntenance Phone cleanin￿ConSuM0bIes Sundry Church costs £340 E128 £22 f 140 E45 £3SO El.133 É2,158 There were no related party transattknn$l%¥ the perknd. 14. PENSION XHEME uMiunES The Church is • participatini employer the Baptist Pens￿￿ Scheffle l-the Sche￿￿.1, which is a 5eporote le8Jl entity administered the Penslon Trustee (Baptist Pensknn Yrust ￿￿led1. The the kneme I￿ held sep•r•tdy Irom those ol the EM￿0yer and the other partl¢5patin6 empl¢)yers The Scheme. previousw known as the 8aptist Ministtrs, Pension Fund. started in 1925. but was c105ed to future accrual of defined benefits on 31 December 2011. Prior to this date the main benefit prtsvidetl throu8h the Defined 8enefit1081 Plan was a pension of one ei8htieth ol final rninimum pefi5ionoble incoffe for eKh Year of pensionable 5er¥ice tO8eEher wlth additional pension in respect of premlums paid on PensionaNÈ IncomÈ in x¢Éss ot Minimum Pen$h)n•￿+ Incine. si￿ l J•muary 2012. bènfits h¥v• bt*n provided through a Defineé Contribjtion (DCI PIBn. A lorrnal valuation of ihe OB Plan as * 31 December 2016 ty a profeSSthal￿ qualified Actuary using thè Projected Unit Method. At the ¥aluatSon date the market value of ihe D8 Plan assets was £219 mill￿Th. whilst the level of assets needed io pay benefits was 312rn1 BlvlnB a defic5t 01 £93rn leqvl¥alent to a past seryke fundln8 level of 70%]. The Church and rhe other partlclpatln8 employers in the DB Plan are collectivefy responsiwe for funding this deficit. The next actuarial valuation of the OB Plan wthin the Stheme Is dve to tale place not latev than a5 at 31 December 2019. Under the Schedule of Contributions, thechufth makes a monthty paymeni In respect of the DB scherne defictt, currentty £349.39, which will increase in line with increases in Minimum Pens￿n)ble Income. Theschedule of Contributws foresees these contributloThs conilnuin8 until Decernt)er 2035. Pa8e 15

TOVE VALLEY BAPTisf FELiOWSHIP NOTESTO THE STATEMENT OF FINANCIAL AcnviTIES Icontinuedl FOR ThE YEAR ENDED 31sr DECEMBER 2021 5. REsTricfED FUNDS tsIThIC FUND Notes Unrestrkted EndOW￿nt Re5trlcted Funds Funds Funds 2021 Total 2020 Total Incomè Donatlons Gift aid tax refunds Inlerest Tot•1 Incom• Expendlture Expendlture Yotal Expendlture Net In¢¢Jffle Transfefs between funds Balances brought forward 2.161 2,161 2.161 Balanc•s carrl•d fon¥ard 2.161 2.161 2,161 Pa8e 11

TOVE VALLEY BAPTItt FELLOWSHIP NOTES TOTHE STATEMENT OF FINANaAL AcnvThiES l¢ontIn￿dI FOR THE YEAR ENDED 31ST DECEM8ER 2021 6. GENERAL RESOURCES USED 2020 Total Funds Fund5 Fund5 Totsl (•) P•stOfS Costs Stipend Empl¢)yvs Nl PensSon contrlbutlon Water rates- Manse Repairs- Manse Expenses Telephone LIght5n￿he3tin8 Council tax Insuronce- Manse 23.728 23.728 37,484 331 7.3tlO 276 1,351 6.616 6.616 2,399 954 247 1.452 2,399 954 247 1.452 666 759 350 48,557 345 35,741 345 35,741 Ibl P•yments- Youth Work & SuDd•yScho Youth work Youth Club Sunday 5choDI supplles 324 1,683 386 2,393 324 1,683 386 2.393 249 Icl Payment5. ch￿￿h •xp•n Books & Publlshin8 Li8htIn￿heatins Water rates Hire ol pr*mis Insurance Accounts cornpilétlon lees PrintlnyJ5tatlonery Telephone Mlsc Expenses Repair5 IT c05tS Confefentes and suhcriptions Evan8elisrn Mum5 & Tots Sundrie5 Professlonal Fees Bank Char8es TraininyJCour5es Staff costs Home Misslon Depreciation 4.226 287 4.226 287 1.015 1.380 1,091 750 106 6.463 6,463 so 50 1,418 2.140 894 601 1.418 2,140 894 601 689 347 3.691 3,380 494 147,011 423 7,774 347 3,691 5,186 9.622 5.186 9,622 36 678 72.668 6,726 72.668 193.215 Idl Payments. otherèxpen We5tori mon5e rentjl lost5 4,776 Page 12

IIOTESTOIHE STATEMEIIT ￿ FINANOALAcnwnESIMMkwdl F(MtThE YEOJt EwipEf315TQE(EMIER Z)ZI 2020 Tot•1 Tot•1 7. AECEIpTS.￿n￿ty￿K1¥ Vm5 &Tots su￿Jryln￿ffle 43 ThÈ GI￿n￿mI￿1￿ ftef￿￿ 1543 190 B. OThER MONFfARY ASSETS Neld lorirt¥e5tmenu'. Tawce5t¢r Helrndon Newthrl#l•neonwe 1.251 3J41 JJ41 g. CW AT W4K AFID WI M• Cash Bink Current A￿OUnt Bank 8ulldln$Account ¥thClub 71.837 37.050 1.873 110.7f￿) 44.219 59.250 101.469 Loan 107 I￿.561 592.147 IL ￿1￿c0ST$ll￿1 IIiIMJ Gr055 w￿¢5 Ind >lirles Nthtiohal Inynnee Cothbuttoni p9n￿On 28,769 145 37,484 331 35.$30 45.155 Noe￿￿O¥e￿ re￿fftd emptye be￿eM$e￿eeoN tf•).(Lo The •vérn8e M￿1hty nwnberofemplty*Wd￿II¢Fe pe¢lthlTAwe •sldknA¥'. P•sttys PensloThC¥ts The Charity 0￿rat•S acontrlbL4tOryg•nsboTrsch•M. delkW￿￿lknft tharled In the 5tatemMt0ffina￿￿ attM1￿%￿S they KUW. Endo¥rnent'. elmdon-n•t prrnd5 held by BapiKff Un Unrestriaed 113312 I13￿12 319￿9¢ P4t14