## **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 RepcKtlr*ty Ch•rlt*s •¢¢ouThts in
hthe Hnanclal Retffiln&St•ndard awlkat4tln the Vxathd Aeput*d 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 Chadt*s Att 2011
and ihat an inde￿ndent examinaiknn is needed. l amouauned io undertake the ex•mlnat*ffi bvWn¢a quallfl•J
rn￿r ofth@ Charterod InstiiLrteol Mana8QfflW At¢wnfanis.
s myt•wsitsllity to..
t￿MIN*the Jttoun15 lunder 5eciion 145 of the Actl,
to Idlow lh• wo¢odures do*n Int￿ G•rK•ral Dh•atrffi$8thbytheCharftyComm655kn lunder
sectlon 145ISllbl of lh• Acil, ind
to state whether p•rtltu14r h•* ¢¢m¢i¢ my*rtWbi*ffi.
l••ls dEx•mlnw'• Stst•m•nt •nd sew ol*wk 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$Or dlsck)sures In the atttyjnts.
and the seeWn8olexp4aftationstrom the trustet5concerrHn8*ny matters. The undertaken dp not
de all ihe ￿ld1￿Celhaf wjld bt rtqulred in •n •udit •y￿.£￿n$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 reir*d, 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 be*n rnet., or
to whlch In wryoplnlon, dra*Ybln 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

T<Y4t VAiLEY WTISTfELLCIHSHIP
NOTESTOTHE STATEMEPITQF FIIIANCLAL AcnvmEs
FOR ThE YEAR ENOEO 31ST OECEMIER1021
L 8AYSOF AMNTIPIG
The accountslfinJrthl 5t•tsmentsl have been prepared under the hist¢•*al tost Items recwlsed at costry tran¥¢ty
Value unlE55 ulhErwise stated it) the ￿le¥an[ noielsl 10 these accwnts. The finarKhi1 sratrments hjve been prepared in Kiordance with
the 5tsternent of Recommended PT4¢b¢t'. Accountin8a￿l Rewtirvd b¥Cha￿tieS preparin8thÈlr a£counts in a£cLYdance wlth the Flnanclal
Reportyn8 Standard 8ppli¢4ble in the UK and Rèpubl￿ of Ireland IF￿ 1021 isyjed on 16Juty 2014 and the Flnanclal Repothng stsndard
applltsblt In thè Unlted ￿n410M and Republk ol Ireland IFRS 102land ts04r40es•£r Mi.
receib*d by wtyoloonatlothsand 4ffts. It In the lull StateineDtof FlnaKWAcVWt*swhen
rOcq￿ort. Gffts kn Kind èrè ￿lued attr*ir estknated ¥al￿t0 thÈtharttyaThJ are IrKhJOed under the approprfa* headlrys.
iblè incom
Is Valued and incl￿ett In the Income to ihe e￿en1that it represents8r>Jds 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 olftx*d assets, ai¢ r¢co8nl*d In fum In tr*Ststement of Artmues Inthe
y•ar whlch thty are fecthed.
are to be for specffied purposes as ieouired by1he*Jtyi￿. 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 fvnd5**1ch 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•￿+ Inci*ne. si￿* l J•muary 2012. bèn*fits 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 EwipEf*315TQE(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 RepcKtlr*ty Ch•rlt*s •¢¢ouThts in
hthe Hnanclal Retffiln&St•ndard awlkat4tln the Vxathd Aeput*d 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 Chadt*s Att 2011
and ihat an inde￿ndent examinaiknn is needed. l amouauned io undertake the ex•mlnat*ffi bvWn¢a quallfl•J
rn￿r ofth@ Charterod InstiiLrteol Mana8QfflW At¢wnfanis.
s myt•wsitsllity to..
t￿MIN*the Jttoun15 lunder 5eciion 145 of the Actl,
to Idlow lh• wo¢odures do*n Int￿ G•rK•ral Dh•atrffi$8thbytheCharftyComm655kn lunder
sectlon 145ISllbl of lh• Acil, ind
to state whether p•rtltu14r h•* ¢¢m¢i¢ my*rtWbi*ffi.
l••ls dEx•mlnw'• Stst•m•nt •nd sew ol*wk 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$Or dlsck)sures In the atttyjnts.
and the seeWn8olexp4aftationstrom the trustet5concerrHn8*ny matters. The undertaken dp not
de all ihe ￿ld1￿Celhaf wjld bt rtqulred in •n •udit •y￿.£￿n$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 reir*d, 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 be*n rnet., or
to whlch In wryoplnlon, dra*Ybln 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

T<Y4t VAiLEY WTISTfELLCIHSHIP
NOTESTOTHE STATEMEPITQF FIIIANCLAL AcnvmEs
FOR ThE YEAR ENOEO 31ST OECEMIER1021
L 8AYSOF AMNTIPIG
The accountslfinJrthl 5t•tsmentsl have been prepared under the hist¢•*al tost Items recwlsed at costry tran¥¢ty
Value unlE55 ulhErwise stated it) the ￿le¥an[ noielsl 10 these accwnts. The finarKhi1 sratrments hjve been prepared in Kiordance with
the 5tsternent of Recommended PT4¢b¢t'. Accountin8a￿l Rewtirvd b¥Cha￿tieS preparin8thÈlr a£counts in a£cLYdance wlth the Flnanclal
Reportyn8 Standard 8ppli¢4ble in the UK and Rèpubl￿ of Ireland IF￿ 1021 isyjed on 16Juty 2014 and the Flnanclal Repothng stsndard
applltsblt In thè Unlted ￿n410M and Republk ol Ireland IFRS 102land ts04r40es•£r Mi.
receib*d by wtyoloonatlothsand 4ffts. It In the lull StateineDtof FlnaKWAcVWt*swhen
rOcq￿ort. Gffts kn Kind èrè ￿lued attr*ir estknated ¥al￿t0 thÈtharttyaThJ are IrKhJOed under the approprfa* headlrys.
iblè incom
Is Valued and incl￿ett In the Income to ihe e￿en1that it represents8r>Jds 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 olftx*d assets, ai¢ r¢co8nl*d In fum In tr*Ststement of Artmues Inthe
y•ar whlch thty are fecthed.
are to be for specffied purposes as ieouired by1he*Jtyi￿. 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 fvnd5**1ch 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•￿+ Inci*ne. si￿* l J•muary 2012. bèn*fits 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 EwipEf*315TQE(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