2022 Year End Finance – Annual Report This is a very different year end to last year! When our budget for 2022 was prepared we were aware that the on-going effects of the pandemic could deplete our finances. In 2021 we were able to make use of the government furlough scheme of £10,188. However, in 2022 we have had to rely solely on our reserves to meet the cost of our £20,000 deficit, as our voluntary giving has reduced even further. The increased cost of living has of course taken its toll worldwide. Our total income for the year ending 31[st] December 2022 was £102,451 and our total expenditure £122,760. The largest amount in our budget was salaries and their associated costs. We honoured our commitments to our staff - Pastor, Administrator and Cleaner, despite our monthly giving being drastically reduced. Following Graeme’s notice to retire, consultation meetings were held towards the end of the year where it was made clear that if we wish to employ a full time person in our church we would need to be able to fund this (approximately £48,000). We have also honoured our commitments to Missionary giving for the year:- £1,500 to HEBA home missions, £5,588 to CAP, £7,833 to BYSP and £2,400 to Nicky Brand. In addition to the Specific Gifts raised of £2,179.75 for King’s Kids Christmas appeal, £315 for CAP Christmas Hampers, £150 for Food Bank and £1,085 raised for Graeme’s retirement gift. In 2022 it was also necessary to carry out some urgent structural work on the Church roof and Number 7 roof and gutters, staircase and window lintels amounting to £9,940. Following our recent quinquennial inspection we now also need to have the Church electrical wiring inspected. I am hoping that we will be able to carry out much of the other necessary work ourselves without incurring too much cost (volunteers are very welcome!). For some time now the Lord has been reminding me of Hebrews 10:23-25 – ‘Let us hold unswervingly to the hope we profess, for He who promised is faithful. And let us consider how we may spur one another on to love and good deeds, not giving up meeting together, as some are in the habit of doing, but encouraging one another, and all the more as you see the Day approaching.’ SR* (o Cw ecxlc REGISTERED COMP￿￿¥ NUMBER: CE015834 IEDgl*nd and Waleg) REGISTF.RED CHARITY NUMBER: 11811MS REPORT OF THE TRUSTEES AND F[N￿￿ IA FOR THE YEAR E&TIED 31ST DECEMBER 2022 FOR ST CHURCH Slanton Rtslpb & Co Limited The Old Police Statio itbllrn Strcd Bri(tyorth Shropshire WV164QP BRIDG.YORTH BAPTIST CllLTRCH CONTEfws OFTHE MLNCIAL sfATEMF.NTS FOR THE R LYDED 315T DECEMBER 2022 Page ReNhrt ofth¢ TTr$ttes I to 2 Independent Rtport St*ttmtttt ofFknci•l Aclhldcx Ballnee Sheet 5 to 6 Notcb to the F1Th9nei￿ Ststemellts 7 to 15 lTretailed Statement ofFillancial Adivitits 16 to J7 REPORT OFTHE TRii*fEF STD Thc tru51eespre&enttheir rEPOrt Thith the fillallci￿ 5t*eow of th¢¢knity fw th¢yearthyJgA 31srDe¢tmi*r2022. The tnJstees haye athp*d the provisions of ACCI￿￿11DE and Rq)QNiDg by Cbartues.. Swern￿L of Rea￿ended Ptartice appbcablt to cknttes prewTDJg thetr *rcounis in act0rda￿ with the FiDanti￿ Rtp(wDng Stsndatd ¥pJicable ijj the LIC2nd RepublK ollrelarxt (FRS 1021 letf¢rtTve l JaDW 20191. I. OvErseeitig cburth atsd otber ]egJl a￿d admi￿]5￿4￿v¢ If￿r.$ rehtcd to thc Opwion of the chatity iocludmg r¢5POnsibility for the ￿￿plOy￿enttst staff. Lrkn Ttteive reguJarryrt8 Iw safe8trd￿￿ hea]th thnd safety. followors of Jes￿¥. we reJiwD t￿￿ to thc thKtriry¢ ￿ arricies of fath by thr rhurch ￿u￿b￿s. LeadeTE mect cvery, or 3 wreks 80d rettive reyll3r reports covttiDg all of thJTch lifc mcbkthng Wffj)Tthip, wayer 20•• has beeu a srtallge yeaT. ViewEd by TDally as the &st p¢￿t CONTD yw.. We bavÈ cert*￿ty Seen thc end of COVID and defyitely a5 a nabon we ljave oot recovued pgycho1owa￿Y the tw The PAthit howcver ¢1￿￿￿£dO￿rCoroMVllIty a￿d wb¥6 tyf ug ¥welL The ohgoillg dcbare in evaDgelI￿ world beett."'Wh8twiU cbur(b I(￿￿ like COV￿.. The answer 16 of tiKvse.' We are soiry8 to fjod out ￿ time OJL- We wot5hip a C]LwJ of thi￿g8 a rreatot (lo￿8 ba& is noi tt dis¢iplesbJp F￿y. wepr￿ orL This year has Teprestll￿ ehanges kYo[x)￿Oos atMI we ate all baviTrg adi￿l We tr¢ callcd as discipks of Je¥us io press On towardthe￿￿ to f￿1$h thr t¥e.' chaD8ebuithtgoaiTethaiD&the same. The summerwas fi]Itd numTr*Tof S￿Y adiviDt4 incI￿￿Ki3]IS7ng OVuwalk4 sbatiDg food togethtr. and sic provided byNDI Quite Mic Nigbi in thc garthtt of Number SeVr￿. The Hzrye5t Festiva] serviee prLThlueed bounty, which was dotsatcd to thc Bridsnffib F￿mI B￿L￿. Ova thi5tm4 w¢ t￿￿ the PtllSf SbL*&)xApFYa]. rogethtrwithts￿￿lld￿S (x1]￿[￿￿￿1ty.we ¥nE 89 iknskneb(bx With som¢ leadtrsbw 10]es Cornillg in Mty and our pastor. fraethc c￿ Tetititig thje to ill health 31 thc of the year. this gave opwrllknjty fot tbe chwcb ffimdy to stcp irlto ttJuaps and SWTt tht lekn &$ ¥kt entua new rra fot thc chuTfh. Web&ve Seen leA d¢Thhw bui tbe Vision retiJaiu& We have SeeD 50rthe leave llew pwple anive Iwelc4)rtst.'I bw the putwfes ot'C.hrisi are UllrhangeiL We k¢cp the attd kttp I(￿nE ￿ Jesus aud Stick to the truth as veale41 in stnpture kneTothttekD￿ity ¢haDge olerti￿. L￿k1￿￿b￿k ovrrthe yr4T,Gt¥l h&% faitt￿￿ ￿ ug and b￿Sed us in so We ¢Dd thE year i(w)knDg torward rtel Tr￿ful PTrise to God our Fatherl REPORT OF TBE TRiiSTELS THEI'£AREbDED 31ST DE 12 STRUCTURE. GOVEBNANCE AND wAGE￿￿1T GoverDlng doevrneDt The ¢h8riry is contn)lled by its governitig d(Kwa￿l a d¢ed of trus4 alld ¢ODStibJte8 a clwitable ill¢OTporated orgaThisatiOn. Publie Benefit Statement The trustees confim they are satisfied that thev have complied Fiith their duty reg3rds to EAwiThg that the thariry has und6rtaken suitable works for the benefit of thepubli¢ #s requirrA by the awiti¢S CommissiQ￿. REFERENCE AND AD%￿L￿STRATIyE DETAIts Reglstered CIO oDmber CE0158J4 IEJ8laDd and Wales) RegistErtd Cbthty nWDber 1181045 Registered office Brid￿j0[[h Baptist Churcb 7 Wesi Castle Streei Bridgnortb Shropshire VV16 4AB M Triggs (Tcsigned 15.5.22) M Anduson (resiglled 15.5.22) Mrs E MondoD (resigned 15.5.22) T5 L Mason M Gibbons G Clark (resiwd 15.5.22) Mrs K RAY Indepertdent ExAmiDer Stantoll Ralph & Co Limited Chartered Accouniants Th¢ Old Police Station Whitburn Stscet Bridgnorth Shropshir¢ WV164QP Approvedby order of theFrt)ard of truste¢s OD I lth May 2023 aod 5iglled otl its behalf by. Mr5 L M&sots- T￿￿tee Page 2 BAPTIST CHLR Indepelldent examlner's rel￿rt to tbe thlsteu of BrfdEnorth BspttSt Churth I re￿)rt to tbe ¢harity on my ¢xan]i4ation of the ac£ouDts of the CIO for the year ended 31st Dcc¢llth¢r 2022. Responsil)Ilitles and of report A5 the chaTity's trnsiees of the Cto you art reswisible for the preparntion of the accounts ID accordanc¢ with the requirements of the Stsiem¢llt of Rc£ornmended Pra¢tice applicable to tharities. Having satisficd mysclf that the accounrs of the Cbarfftty arc Dot requir&1 to be audite41 under Charity Law and are eli￿ble for Irtd¢p￿ellt cxamiDatits￿ l T¢[￿)rt in wect of my examiDation of YOUT charity's acCoU￿ts a& Carried out nder Seciion 145 of the Charities Ati 2011 (the 2011 ACVJ. In oul my cxamtnation I have followed thc DirectioDs 8iveD by th¢ Charity co[D￿&S￿on under Section 145(5) (bl of the 201 J Act. Independent ex*ffjiner's Statement I have completed rny ¢xamination. I eonfirm thst ijo rnatte￿ have ¢ome to my altention in corJne¢tion wftth the cxamitiation giv￿¥ me cause to beJi¢ve". arcounting Eecords were kept itt respect of the cbaJity,' or the accounts do noT accord with those re￿rdS,. or the accounts do not ¢OTllply with the aC￿Unttng requirements other than aay r4uiremellt that the accoutyts give a true and fair viesv which is not a t￿￿tter coJJsid¢rcd aspart of an ]￿le￿dent examin￿lon,. or the a¢coullts bay¢ not been prepared in accordan¢e with the methods and priticiples of the stat￿nent of Recommended Practice for ac¢ounting and rerA)nin8 by tlwities {4yp1x￿bl¢ to charities preparing their LccounL8 in a¢£ordaDce with the Financiat Rtporting Stsndard applicable ill Jbe UK ￿ Republic of treland (FRS 1021). T have no coneems artd have come across no other matrers ID CODnection withlhe examtnation to which attention should be dtrawTh u) this report ID ordvto enable a pmper understsndiDg of the a¢¢ounts to ￿ reathed. Adri2ll Ra]ph FCA CTA Stanton Ralph & Co Lirnitrd The Old Police Station Whitbun) Street Bridgnortb ShEop$h￿¢ WV16 4QP Ilth May2023 Page 3 BRID .NORTH BAIryI CHURCH ATEMLYf OF ThLNCIAL ACTIVITIES ITAR EhTED 31ST DE EMBER 2022 31.12.22 Total 31.12.21 Total fi￿dS LTDrestricted Restricted NotCS INCOME AND ENDOWMENfs FROM Voluntary incom¢ 94,890 200 95,090 119,993 Inveslmeni income Other inrorne 6,236 6236 3,031 Tot 2(M) 133 12 EXPEPiDrruRE ON Raising funds 61.844 2LM) 62.044 63.233 Chur¢h Expeudittre Total 107421 107621 NET INCOMFJ(EXPENDrruRE) {6295) {6.295) 13.818 RECONCtLIATION OF FLThDS Totsi fu]MJ5 brought forward 1,204,644 1204.644 1.190.826 TOTAL FUNDS CARRIED FORWARD 1 198,349 1198,349 Page 4 BRIDG.NORTH BAPTIST CHLRCH BA￿NcE SHF.F.T 31ST DF.CLMBER 2022 31.12.22 Totsl 31.12.21 Total fimds fi￿d Notes FIXED ASSETS Tan￿b]e assets 1,089.098 1.089,098 ,088.993 CURRENT ASSETS Debtors lttyestncnts Cash at baDk and in hand 5239 5.239 6,641 395 116J03 116303 144,085 CREDITORS Amouttts falling duc withitt one yesr io (7.052) (7.052) (11.134) P4ET CURRENf ASSETS 109251 132 951 TOTAL ASSETS LESS CURRENr LLIBIUTIES 1.198.349 1.198.349 1,221.944 CREDITORS Amounts falling due afterrrwe than onc yeaT (17,31)0) NET ASSKTS 1 198.349 1 198 349 FUNDS Uttrestrict¢d fimds 12 1 198 349 1.198 349 The Clwity is entitled to exemption from al￿1t ur#Jer the CharA"ties Act ?OAO The bitsiee8 acknowledge their rasp0￿sIbilitscs foT (a) (bl preparjng fJnan¢iai statetjkeots whi¢b give a fair ￿eW of the of affairs of th¢ ¢hatity at the end of each f￿ancIal year and of its surplus ord¢fi¢it for each fjtthncial year Page 5 CH SHEL1- collthiued CE%IBER ID22 ThE fjnatscial srat¢ments were appTovedby tht Bo&rd of Trn5tees and authori5ed for issue oa Ilth May 20ll aDd were siga¢d on its behalf by: L Masoo. Trustee The notes form pwt of the5¢ fjnaDcial Page 6 liORTH BAP THE FLNLNCIAL STATEMEYTS FOR THE ITAR Ehl>ED 31ST DECEMBER 2022 ACCOIINfiNG POLICIES Basts ofpreparlng the financ￿ stsietyents The f￿an£731 statements of the Cto. which is a publit b￿erit eniity urder FRS 102, have been prepared in accordance with the Charities SORP {FRS 102) 'AccountinE and Reporting by Cbariti¢s'. Ststemellt of Rccommended Prafflice applicable to cha￿tieS preparing their ac¢ouDts in accordance wtth the Finaucial Reporting StoudaTd applicable it) the UK aDd Republic tsf Ireland (FRS 1021 {effethive l Janu8ry 2019),, Financial Reporting SwLdard 102 Tr FinaDciai ReFM)rtitig Srand*rd applicable tn thc 3Dd Republic of Irelattd, and the Companies Act 21KhS. The fir￿￿¢1￿1 siatements have becll prepared under the historical cost convetttion. Income All income i4 rec4)gDised itt the Ststement of Finaocial A¢￿￿tieS ollce the ¢harity has ￿titleMent to the fi]nds, it is probabk that the income wEll k ￿ceIVed and the atnouttt can be meg￿ta reliably. Expendlture Liabilities ar¢ rKogniscd as expenditure as s(M)tt as there is a l¢gal or ¢iJnstructtve obligation the ¢h8n'ty to that expBrditure, Èt is probable th¥ a transfer of econo￿1¢ benefits will be required in settl¢m¢rLt and tb¢ aTnount of the ob]igation can bc rneas￿￿d reliably. Exp￿￿"t￿re is a¢¢ouuted for on an acCrU￿S basis and h been claSsif￿d under headings that aggregate all Cost related to the category. Whcrc costs Ca[￿￿t be directly attributed to panicular headiDg5 they havr br￿ allocated to acttvits.es oll a bas&s c4)nsistent with the llse of Tangible fjied a55ets Depreciation 15 provid&1 at the followiD8 atmual ratrs in order to wtite off the depre£iable amowit of e2ch &sset ovci its estimated us¢fvl ￿fe, where applicablc alltr t3killg account of freehold lat￿ which is Dot depreciated and estimated residual values at the end of each &sseVs u8efid ]ife. Freehold PToperty- lTr/o (prcmises) and6.6°A (outbuildtDgs) on the depreciablc amount Fixtures, fittings & equipment- 2￿/0 (Ki Cost Taxatlon The clwity is exempt from COr￿10n tsx on its cbarttable activiUe& Restrlete41 Funds Tbis fi]Dd repres¢llts income wbieh bBs been reteived wbith is subject to 8p¢¢ifl¢ trusts OT objectivcs established by the dollorfs). Examples include Bequests or ErAowmenrs v/hi¢h are to be used for a specific purymjse. Ai31 December 20?2 rcstricreA fiujds totslled £NiL Unre5trictedlGentral Fll￿d$ A Capital Fund has been created representing the balance sheet ¢arrying Yah￿ of Bridgnortb Baptist Church¥ Fixed Assets. At 31 December 2022 this corDprised a property figure of £1:089,098 TAthich was pr&lon)inantly made up of the Church and No.7 Prwwty Land & Buildings includtng FixThJres & Fittings and Equipmellt Used in those two buildings. The CApitsl Fulld Is separated from other UnT¢Stri¢ttdlGeneral Funds and n￿ke8 it clear that it is inteDdd to be wed for the proki5ion of facijities in promoting the WO￿ of Bridgnorth Baptist Church. The deeds of both buildings are held by the TTUS¢ee5 of tbe Heart of E￿gland BaptistAssociation. Desigllat¢d Funds are also part of UtiregtrictedlGeneral FuDds but 2te eam)arked for a parti¢uiar project. The designation is for ad￿]nIstrati%e purrK)ses only attd th)es TKbt legally resrrict the Inths, th"sctetion to speDd tbe fitud. An exanjple of a desigjated fijttd might be a specific thur¢h ¢4)Ilects"oll for a particulu cause. At 31 DeCe￿ber 20?? desigthated totaU£d £0. Page 7 YORTH BAPTisr RCH NOTES TO THE FLYANCIAL STATEMEhTS. FOR THE YEAR EF4U)ED 31ST DECT.MBER ed 1122 ACCOUNTING POLICIES- eolltiDued Fund a£eowitiDg The bal8n¢e r¢n)aining of Uorestrickneral Fwi¢L% ￿ be made freely available to spend 00 any of the Chur¢b'8 purposes and to¢alied £109.25L &t 31 D￿mber 2022. However the trn5tces cottsider that.. BridgnoTth Bapts# Cburch should hold Furds amounting to approximately three months expenditwE. Thi8 recognises that there are fiT￿￿￿¢tal obligations in rtlation to tbe employment of staff and Ongoing cost of maintaining and runDing the Church and No.7. A budget lJasbeeD drawnup for yeaT ¢1￿￿8 31 Decemk*T 20?3 Fthich sbows this figwe is some £25,(M)O. Th¢ exttrior of the D)ain chllr¢b budding requires atttntii)n. There are, &150. &cv¢ra] arcas of work that both in the church building and No 7 will nted to be addre￿ in the near ￿tUr¢ to irrkprove internal dccoratioD, fa¢ilit* b¢ttei use of space aod address gtnernl wear and É¢4r. li is tberefore ￿nSidered prndcttt given the age of both buddings. lo set aside £15,IXK) >&gaillst ullforesecD ¢xpense5 to Tjjaintsinth properti&4 in g￿d ¢ODditiOIL Aftet deduction of the al￿ve two items a balance of £69251 of freely a￿lIable fuDds remains. The TnJ5tees considcr that th¢te arc sufficient fjJDds avAilable to meet its ob]ig&lions. The truste¢5 ititend to r¢view the policy at Ic&8t once every 12 rnonths. Pension crfts *Dd other ￿$t-retireD￿￿t beneflts The charitAble CLYnpaDy op¢fdtrS a defmed contrib￿10￿ pension scbeme. Contri￿110n$ payabl¢ to the charitable compall￿S pension scljeme are chwEed to the knternent of Fi]wicial Activities in the PEriod tts which they rclat¢. INVKSTMENf INCOME 31.12.22 31.12.21 5,268 968 2,355 676 Rents received Interest re¢¢ivable- tradtng RAISIPIG FLY4DS R#tskng do￿*￿0￿5 •Dd Iweies 31.1222 31.12.21 Supp)rt costs Page 8 BRIDCFIORTH B ST CHURCH TP.S T THE Ff%'AliCIAL STATEMENTS. c n¢tnued FOR THE ThI)LD 31ST DECEJIBER 2022 NET INCOmEJ{EXPEMlm￿￿) Net Income/(eXp￿diIU[c) is stated aftercbargmgl{crediiing).' 31.12.22 31.12.21 Depreciation- owned assets 10.043 TRUSTEES, RIMUN£RATION BLNEFTrs 31.12.22 31.12.21 Trust¢es' salarits Trustees, ￿Pe*st5 During the year one trustee was reiDJbursed for ¢xf£Dses c4bsts jttGU￿ed for the Cljaritys business durAng the course o*his employrnenL CO.MPARATIVES FOR THE STATEMENT OF FINANCIAL AcrtVlTIES Unrestricted RcstriGted fimd Totsl INCOME ABI￿ ENIK)WMEKfs FROM Volutttary in¢on 119,993 119,993 lttvestmettt illcome Other income 3,031 3,031 Totxl 133 212 133 212 Raising fimds 63233 63.233 Church Expellditure Total 119 NET INCOME 13.818 13,818 RECO.P*CILIATtor* OF FUNDS Total funds brought tDrwaTd 1.190.826 1.190.826 TOTAL FiJNDS CARRIED FORWARD Page 9 . RTII BAPTIST CHURCH TriOTES TO THE FDIthCIAL STATEMEYr - nthhlled FOR YEAR ETr4DED JIST D MBER 2022 TANGIBLE FIKKD ASSETS Freehold fittin8S Totals COST At 1st J8nuary 2022 AdditioD& 1.115.626 7.895 95.865 12Jl,491 At 31sL December 2022 123 $21 1 221639 DEPRECIATION At 1st January 2022 Charge for yeaT 36,193 86,305 3,815 122,498 At 315t DeceTDbeT 2022 42.421 132541 NET BOOK VALUE At 31siDe¢en)ber 2022 1081 l(K) 1089 098 AL 31 st December 2021 1079 433 9,560 1088 993 DEBTORS: AMOUNTS FALLtNG DUE ￿T￿[li ONE YEAR 31.12.22 31.12.21 Prepayments and acctucd ittcome 31.12.22 31.12.21 Funds (intercst) beldby HEBA 395 CREDrroRS: AMOUNTS FALiING DUE IIqTHtN ONE YEAR 31.12.22 31.12.21 Social security and otkn rxx¢s Other Creditors 842 727 Page 10 BRtDG%ORTH BAYnST CHURCH OTES TO THE VLY￿cL4L STATEIIEP*TS- contiDue41 CREDITORS: AMouNfs FAiJJNG D￿£ AFtER MORE TItAli ONE YEAR 31.12.22 31.12.21 Other Creditors A2. MOVEMENT IN FLTNDS Net movement At 31.12.22 At 1.122 Unrestrl¢ted fllnds 1204.644 {6.295) 1,198,349 6.29 1,198349 Net movettrnt in incEuded in the aknve are ag foitOWB'. Incoming Resources MovemcrAt filnds Unrestricted r￿d3 General fi￿d 101.126 (107.421) (6,295) Restrl¢ted funds Rcstrictcd fiu (2M) TOTAL FUNDS 107 621) Comp2r*dves for movement kn I￿l￿d$ Nct movement in fvt)Jts 11.1.21 31.12.21 Unrestrlcted funth GtLeraJ fund 1,190,826 13,818 1,204.644 TOTAL FUNDS 1 190826 13.818 Page 11 TES TO lliE CIAL STATEME F.ThDED 31sr DF. ntiii IL MOVEMENT FUNDS. t￿li￿￿ed Comp&ttitiv¢ net moveth¢nl ID fvllds. iftthe akne are &$ fo)lows: inwDitig Rtsourc¢9 ¢xpeudol Mov¢JneTk¢ in funas UnrtJtylctedf•nds General fiu 133.212 1119J94) 13,818 133 119 J94 TOTAL Fuf4DS A cutT2lJtyw 12 atsd pri(sryc8r 12 ))y)th combilldytionis as ftsuows". ovemeDt At 31.12.22 At 1.121 UDfcstri¢ted Getteral bjnd i.I90.$26 7.523 ,198,349 I 190 L76 7523 a9 TOTAL FifNDS A curmt year 12 t1￿mIth$ 3ndprior ye8T 12 ttM)ntts c¢)mbincd tyov¢theni in f￿&%. incluiled irl the above are as follows.. TDcomwg Rttources Mov¢ment its fiDid8 Unrestrkted fgDd5 GerLerdL fi 234J38 (226,815) 7.523 R¢strictEd fuDds Restricted fjjttd (2QO} 234.438 •27 015) TOTALF(JNDS Pa8e 12 BRIDGNORTH BAPIIST C TES TO THE ThLYCL4L STATEMELNTS- c tlnued FOR THE ITAR EhllED 31ST D -MBER 2022 13. EMPInYEE BENEFIT OBLIGATIOYS During theperiod the Church rn&de deficicncy ContrJTr)U¢io]￿ of £4.143 (2021 £4,015) The Church is a partÈcipatin8 employer in the Bapti￿ Perjsion Scheme {Yie Scheme"). which is a ￿parate legal elltity administetcd by the PensioD Trustee {Bapt151 Pen5ioTh Tnjst Linjited). The assets of the sChe￿e aTe hdd scpardtely frorn those of the Employer arjd the other wti¢tparLug ernployeT5. The Scheme. prcviou8ly kttowD as the Baptist MinisleTS' PeDsion Flln4 stsrted in 1925, but was ¢los¢d to fubjre ac¢rual of defjned benefits (KL 3 1 Decclnber 2011. Prior to thi"$ date the maiD bencfit proviW through the Defined Ben¢fit (DB) Plan w&8 a pen•'oth of one cigbticth of fiuai ]niuiTnum p¢nsionabl¢ inco￿¢ for each year of pensionable seLvice together with aiklition31 pensjoll in Kspect of prtmiurns paid OD Pensionable Income in ex¢￿ of MiniDllmi Pensiojmble IwD)¢. From Jartuary 201?, prJ]sion provisi¢)D is bethg through the Defjned Contribution (DQ PLan withill the Scheme. lo g￿eTaI. membeTS pay 8/0 of ther PeJsion4ble IncollLe attd employers pay 6QA of m¢mben' Peusiotsable InconJe Iti￿ itidividual pension 8£c(wJtsrs. vAJich are op¢rdred and ll￿naged on behalf of Ibe Pe￿50￿ TN¥ee by Broadstone CoTpofdte Benefits Ltd. In additioJ4 the eAnployer pays a firrher 4°/0 of Pe￿￿lo￿abl¢ tn¢ome to c4>ver Death in SeTrFie¢ Betsefit& ad￿l￿tratiOn costs. attd an associated itigurancc policy which provi(ks incom¢ pwtrrtion for Scheme membert if they ar¢ uDablc lo work due to long-trmi incapacity. This income protection policy h&s be¢n llmjred by the Baptist UtiioD of Great Britsin with Avivd Limited. (Members of tbe Basic Sectiorl pay rebjced contribUti¢￿S of 5°A of Pensionable Income. and their empk)y¢rs &lso pay & total of SOA). The scherne is Considered to b¢ a multi longer a shortfatl. An updated RecoTrEry pLqn s then stwed io Aug￿ ?022 ullder which recovery contributions from each particJpatitt8 ¢mploy¢r itt the DB Plan rtythJ¢rd to £1 per￿Qllth ftY>m August 2022. Movement ill Bfilance Sheet Ji*blKty Scctiots 28.1 IA Df FRS 102 reqllire5 deficit reeAwery pa)wts ro bc recDBDised a liability. T koveD]entinthe rmvision is set out in thc thblt brknwgnd 15 shoN￿a5 otha cralitOTS ifl llo(e I l. A¢¢oulltillgDate 31 D¢¢enth 2022 31 December 2021 Balancc shcct liability at yrar513rt Minus deficieDCy contribuEiODS pajd IrLEerest cost {r¢£ogDi%¢d io SOFA Remainittg change to the ba]8nce sl*etJiabiJity Ircetigtti8￿ ill SoTrAI 17,3(K) {2.192) 324 21,526 13,6941 79 A15.432) (6091 Balgn¢¢ sh¢¢t ljability atyear ¢Dd 17,3(N) This Jiabijity represents the present of Ehe defirit ¢4)nmTr*urioDS agr¢&J as ai the ac¢ouNttng dale and h38 beell vakned USiDg th¢ foll¢)IYing 85wWLons by ref¢r¢tKe to th¢ thnuon ofthe defitit ￿¢￿very pAyments'. Accounting date 31 D￿¢[￿ 2022 31 De£ember 2021 31 Detanbtt 2020 Discount R Ful[￿e iThueases Lo Minimum PensioDBbl¢ Income 5.66% 2.￿/• 0.41 3.26% 4_1% Page 14 BRIDGliORTH B CHURCH OTE TO THE FV*AFiCUL STATEMEN - cDnthiued R THE YEAR ThI)KD 31ST DECEMBER 2022 13. EMPLOYEE BENEFrr OBIIGATtONS- continued Cassation and other Events Consequent wn the departtlre of a fornjer Pastor in 2(MJ7, the Church had a cess8tion eveni undBr Section 75 of the Pa￿lOn8 Act 1995. This makes the Chutcb liable for the proportion of the overall deficit {&gsessed by reference io the cost of securing b¢nefits by the purchase of athiuitics) aN>licable to its PTevTrous Pastors u,ho were tt)embers of the S¢heme. At present the Church is paying the ongoitig deficieney ￿ntrIbUtions Outlilled aknve, and the balance sheet liability alx)vc is bwd on thoÉe deficiency cootribution8. However, the Pension Scheme Tnjstee h&s the right to quantify and seek paymt of the thbt at atty tirnt. 14. RELATED PARTY DISCLOSIJRLS There were ]LO related paty traD5actions forthe ycar endfyl 31st De£ember 2022. Page 15 ORTH BAPTIST CHURCH DETAI[￿D STATEME.Yr OF FL%￿Nc FOR THE YEAR ENDED 31ST D MBER 2022 31.1222 31.12.21 Voluntsry income C4)Ilections Covenants (Gift aid) Mums & Toddlers Sundry Receipts Specified Gifts 74.578 13,819 88,595 17,268 33 4.252 371 95,090 119.993 IDvestmeDt iA¢ome Rents ￿¢¢iVed Int¢rest rcceivabl¢- tradin8 5.268 968 2,355 676 6.236 3,03 L Other lttcome Covid Furlough Gtattt Total IDcfjming resources IOlJ26 133,212 Church Ewnditure Church Leaders Salari¢s (frustecs) Other salaries Social security P¢nsioJJs R2duction ill w)sion liability T¢l¢phone Travel & Subsisten¢¢ ConferenGe F¢es 39.153 15,456 773 4.143 (15,108) 392 J7.997 13,946 215 4,015 (53 1) 364 55 768 45,577 56,161 Support ¢osts Church B￿lIding Eipenyes Repakrs & Mailltenance l]Nirance Light and heat Telephone Postage aud station Sundrics Clcanitig Copyright 3,509 ,386 2.430 2.000 1.279 877 4,928 671 2291 1,200 2.374 1,646 1532 2 J25 4.643 931 17,080 16,942 This page ¢knsnot forni partof the statutory fit)anciaJ stst¢rtLents Page 16 DETAILED STATEMEYT OF FLNAliCIAL ACTIVITIES FOR THE TrEAR EliDED 31ST DECEMBER 2022 31.12.22 31.12.21 Cbureh BuildiDg E￿e￿Ie5 7 West Castle Street Expe￿Se1 CleaAJing Rates and water Insurance Light aTLd heat Rq)airs & Mailliet)at￿e 149 498 438 1,664 119 385 379 1,436 898 6,766 3217 Ml8slon Heart of EDglattd Baptist Ass￿latIon 1.500 1,500 Outreach, Glft$ & Home MA￿10 Special Events 56 6322 5588 1.505 9,845 4,158 {50) 6,000 CAP C￿¢ Fund Inct of repayments) Bridgnorth Youtb & Schools Project Rencw Wcllbcing Opeu The &)ok Fund Other 7,833 500 161 22.8(rf) 23,858 Other resourees e￿elldtd Trn￿ing & collferences Speak¢rs & Conllnullion Supplies Youth & Ra￿boW Bank ¢harges Bible PrnyerNotes & Re50urcEs Accoulltancy and legal fees SUb￿ripu0llS Depreciation- Church Depreciation- No. 7 45 190 13 385 748 .662 753 7,437 453 30 292 418 3,392 2,745 682 7,265 2.439 Totsl rEsourcts expended 107621 119J94 Net [￿￿t￿d￿￿T¢)fftI￿￿e 95 13,818 Page 17 SR* (o Cw ecxlc REGISTERED COMP￿￿¥ NUMBER: CE015834 IEDgl*nd and Waleg) REGISTF.RED CHARITY NUMBER: 11811MS REPORT OF THE TRUSTEES AND F[N￿￿ IA FOR THE YEAR E&TIED 31ST DECEMBER 2022 FOR ST CHURCH Slanton Rtslpb & Co Limited The Old Police Statio itbllrn Strcd Bri(tyorth Shropshire WV164QP BRIDG.YORTH BAPTIST CllLTRCH CONTEfws OFTHE MLNCIAL sfATEMF.NTS FOR THE R LYDED 315T DECEMBER 2022 Page ReNhrt ofth¢ TTr$ttes I to 2 Independent Rtport St*ttmtttt ofFknci•l Aclhldcx Ballnee Sheet 5 to 6 Notcb to the F1Th9nei￿ Ststemellts 7 to 15 lTretailed Statement ofFillancial Adivitits 16 to J7 REPORT OFTHE TRii*fEF STD Thc tru51eespre&enttheir rEPOrt Thith the fillallci￿ 5t*eow of th¢¢knity fw th¢yearthyJgA 31srDe¢tmi*r2022. The tnJstees haye athp*d the provisions of ACCI￿￿11DE and Rq)QNiDg by Cbartues.. Swern￿L of Rea￿ended Ptartice appbcablt to cknttes prewTDJg thetr *rcounis in act0rda￿ with the FiDanti￿ Rtp(wDng Stsndatd ¥pJicable ijj the LIC2nd RepublK ollrelarxt (FRS 1021 letf¢rtTve l JaDW 20191. I. OvErseeitig cburth atsd otber ]egJl a￿d admi￿]5￿4￿v¢ If￿r.$ rehtcd to thc Opwion of the chatity iocludmg r¢5POnsibility for the ￿￿plOy￿enttst staff. Lrkn Ttteive reguJarryrt8 Iw safe8trd￿￿ hea]th thnd safety. followors of Jes￿¥. we reJiwD t￿￿ to thc thKtriry¢ ￿ arricies of fath by thr rhurch ￿u￿b￿s. LeadeTE mect cvery, or 3 wreks 80d rettive reyll3r reports covttiDg all of thJTch lifc mcbkthng Wffj)Tthip, wayer 20•• has beeu a srtallge yeaT. ViewEd by TDally as the &st p¢￿t CONTD yw.. We bavÈ cert*￿ty Seen thc end of COVID and defyitely a5 a nabon we ljave oot recovued pgycho1owa￿Y the tw The PAthit howcver ¢1￿￿￿£dO￿rCoroMVllIty a￿d wb¥6 tyf ug ¥welL The ohgoillg dcbare in evaDgelI￿ world beett."'Wh8twiU cbur(b I(￿￿ like COV￿.. The answer 16 of tiKvse.' We are soiry8 to fjod out ￿ time OJL- We wot5hip a C]LwJ of thi￿g8 a rreatot (lo￿8 ba& is noi tt dis¢iplesbJp F￿y. wepr￿ orL This year has Teprestll￿ ehanges kYo[x)￿Oos atMI we ate all baviTrg adi￿l We tr¢ callcd as discipks of Je¥us io press On towardthe￿￿ to f￿1$h thr t¥e.' chaD8ebuithtgoaiTethaiD&the same. The summerwas fi]Itd numTr*Tof S￿Y adiviDt4 incI￿￿Ki3]IS7ng OVuwalk4 sbatiDg food togethtr. and sic provided byNDI Quite Mic Nigbi in thc garthtt of Number SeVr￿. The Hzrye5t Festiva] serviee prLThlueed bounty, which was dotsatcd to thc Bridsnffib F￿mI B￿L￿. Ova thi5tm4 w¢ t￿￿ the PtllSf SbL*&)xApFYa]. rogethtrwithts￿￿lld￿S (x1]￿[￿￿￿1ty.we ¥nE 89 iknskneb(bx With som¢ leadtrsbw 10]es Cornillg in Mty and our pastor. fraethc c￿ Tetititig thje to ill health 31 thc of the year. this gave opwrllknjty fot tbe chwcb ffimdy to stcp irlto ttJuaps and SWTt tht lekn &$ ¥kt entua new rra fot thc chuTfh. Web&ve Seen leA d¢Thhw bui tbe Vision retiJaiu& We have SeeD 50rthe leave llew pwple anive Iwelc4)rtst.'I bw the putwfes ot'C.hrisi are UllrhangeiL We k¢cp the attd kttp I(￿nE ￿ Jesus aud Stick to the truth as veale41 in stnpture kneTothttekD￿ity ¢haDge olerti￿. L￿k1￿￿b￿k ovrrthe yr4T,Gt¥l h&% faitt￿￿ ￿ ug and b￿Sed us in so We ¢Dd thE year i(w)knDg torward rtel Tr￿ful PTrise to God our Fatherl REPORT OF TBE TRiiSTELS THEI'£AREbDED 31ST DE 12 STRUCTURE. GOVEBNANCE AND wAGE￿￿1T GoverDlng doevrneDt The ¢h8riry is contn)lled by its governitig d(Kwa￿l a d¢ed of trus4 alld ¢ODStibJte8 a clwitable ill¢OTporated orgaThisatiOn. Publie Benefit Statement The trustees confim they are satisfied that thev have complied Fiith their duty reg3rds to EAwiThg that the thariry has und6rtaken suitable works for the benefit of thepubli¢ #s requirrA by the awiti¢S CommissiQ￿. REFERENCE AND AD%￿L￿STRATIyE DETAIts Reglstered CIO oDmber CE0158J4 IEJ8laDd and Wales) RegistErtd Cbthty nWDber 1181045 Registered office Brid￿j0[[h Baptist Churcb 7 Wesi Castle Streei Bridgnortb Shropshire VV16 4AB M Triggs (Tcsigned 15.5.22) M Anduson (resiglled 15.5.22) Mrs E MondoD (resigned 15.5.22) T5 L Mason M Gibbons G Clark (resiwd 15.5.22) Mrs K RAY Indepertdent ExAmiDer Stantoll Ralph & Co Limited Chartered Accouniants Th¢ Old Police Station Whitburn Stscet Bridgnorth Shropshir¢ WV164QP Approvedby order of theFrt)ard of truste¢s OD I lth May 2023 aod 5iglled otl its behalf by. Mr5 L M&sots- T￿￿tee Page 2 BAPTIST CHLR Indepelldent examlner's rel￿rt to tbe thlsteu of BrfdEnorth BspttSt Churth I re￿)rt to tbe ¢harity on my ¢xan]i4ation of the ac£ouDts of the CIO for the year ended 31st Dcc¢llth¢r 2022. Responsil)Ilitles and of report A5 the chaTity's trnsiees of the Cto you art reswisible for the preparntion of the accounts ID accordanc¢ with the requirements of the Stsiem¢llt of Rc£ornmended Pra¢tice applicable to tharities. Having satisficd mysclf that the accounrs of the Cbarfftty arc Dot requir&1 to be audite41 under Charity Law and are eli￿ble for Irtd¢p￿ellt cxamiDatits￿ l T¢[￿)rt in wect of my examiDation of YOUT charity's acCoU￿ts a& Carried out nder Seciion 145 of the Charities Ati 2011 (the 2011 ACVJ. In oul my cxamtnation I have followed thc DirectioDs 8iveD by th¢ Charity co[D￿&S￿on under Section 145(5) (bl of the 201 J Act. Independent ex*ffjiner's Statement I have completed rny ¢xamination. I eonfirm thst ijo rnatte￿ have ¢ome to my altention in corJne¢tion wftth the cxamitiation giv￿¥ me cause to beJi¢ve". arcounting Eecords were kept itt respect of the cbaJity,' or the accounts do noT accord with those re￿rdS,. or the accounts do not ¢OTllply with the aC￿Unttng requirements other than aay r4uiremellt that the accoutyts give a true and fair viesv which is not a t￿￿tter coJJsid¢rcd aspart of an ]￿le￿dent examin￿lon,. or the a¢coullts bay¢ not been prepared in accordan¢e with the methods and priticiples of the stat￿nent of Recommended Practice for ac¢ounting and rerA)nin8 by tlwities {4yp1x￿bl¢ to charities preparing their LccounL8 in a¢£ordaDce with the Financiat Rtporting Stsndard applicable ill Jbe UK ￿ Republic of treland (FRS 1021). T have no coneems artd have come across no other matrers ID CODnection withlhe examtnation to which attention should be dtrawTh u) this report ID ordvto enable a pmper understsndiDg of the a¢¢ounts to ￿ reathed. Adri2ll Ra]ph FCA CTA Stanton Ralph & Co Lirnitrd The Old Police Station Whitbun) Street Bridgnortb ShEop$h￿¢ WV16 4QP Ilth May2023 Page 3 BRID .NORTH BAIryI CHURCH ATEMLYf OF ThLNCIAL ACTIVITIES ITAR EhTED 31ST DE EMBER 2022 31.12.22 Total 31.12.21 Total fi￿dS LTDrestricted Restricted NotCS INCOME AND ENDOWMENfs FROM Voluntary incom¢ 94,890 200 95,090 119,993 Inveslmeni income Other inrorne 6,236 6236 3,031 Tot 2(M) 133 12 EXPEPiDrruRE ON Raising funds 61.844 2LM) 62.044 63.233 Chur¢h Expeudittre Total 107421 107621 NET INCOMFJ(EXPENDrruRE) {6295) {6.295) 13.818 RECONCtLIATION OF FLThDS Totsi fu]MJ5 brought forward 1,204,644 1204.644 1.190.826 TOTAL FUNDS CARRIED FORWARD 1 198,349 1198,349 Page 4 BRIDG.NORTH BAPTIST CHLRCH BA￿NcE SHF.F.T 31ST DF.CLMBER 2022 31.12.22 Totsl 31.12.21 Total fimds fi￿d Notes FIXED ASSETS Tan￿b]e assets 1,089.098 1.089,098 ,088.993 CURRENT ASSETS Debtors lttyestncnts Cash at baDk and in hand 5239 5.239 6,641 395 116J03 116303 144,085 CREDITORS Amouttts falling duc withitt one yesr io (7.052) (7.052) (11.134) P4ET CURRENf ASSETS 109251 132 951 TOTAL ASSETS LESS CURRENr LLIBIUTIES 1.198.349 1.198.349 1,221.944 CREDITORS Amounts falling due afterrrwe than onc yeaT (17,31)0) NET ASSKTS 1 198.349 1 198 349 FUNDS Uttrestrict¢d fimds 12 1 198 349 1.198 349 The Clwity is entitled to exemption from al￿1t ur#Jer the CharA"ties Act ?OAO The bitsiee8 acknowledge their rasp0￿sIbilitscs foT (a) (bl preparjng fJnan¢iai statetjkeots whi¢b give a fair ￿eW of the of affairs of th¢ ¢hatity at the end of each f￿ancIal year and of its surplus ord¢fi¢it for each fjtthncial year Page 5 CH SHEL1- collthiued CE%IBER ID22 ThE fjnatscial srat¢ments were appTovedby tht Bo&rd of Trn5tees and authori5ed for issue oa Ilth May 20ll aDd were siga¢d on its behalf by: L Masoo. Trustee The notes form pwt of the5¢ fjnaDcial Page 6 liORTH BAP THE FLNLNCIAL STATEMEYTS FOR THE ITAR Ehl>ED 31ST DECEMBER 2022 ACCOIINfiNG POLICIES Basts ofpreparlng the financ￿ stsietyents The f￿an£731 statements of the Cto. which is a publit b￿erit eniity urder FRS 102, have been prepared in accordance with the Charities SORP {FRS 102) 'AccountinE and Reporting by Cbariti¢s'. Ststemellt of Rccommended Prafflice applicable to cha￿tieS preparing their ac¢ouDts in accordance wtth the Finaucial Reporting StoudaTd applicable it) the UK aDd Republic tsf Ireland (FRS 1021 {effethive l Janu8ry 2019),, Financial Reporting SwLdard 102 Tr FinaDciai ReFM)rtitig Srand*rd applicable tn thc 3Dd Republic of Irelattd, and the Companies Act 21KhS. The fir￿￿¢1￿1 siatements have becll prepared under the historical cost convetttion. Income All income i4 rec4)gDised itt the Ststement of Finaocial A¢￿￿tieS ollce the ¢harity has ￿titleMent to the fi]nds, it is probabk that the income wEll k ￿ceIVed and the atnouttt can be meg￿ta reliably. Expendlture Liabilities ar¢ rKogniscd as expenditure as s(M)tt as there is a l¢gal or ¢iJnstructtve obligation the ¢h8n'ty to that expBrditure, Èt is probable th¥ a transfer of econo￿1¢ benefits will be required in settl¢m¢rLt and tb¢ aTnount of the ob]igation can bc rneas￿￿d reliably. Exp￿￿"t￿re is a¢¢ouuted for on an acCrU￿S basis and h been claSsif￿d under headings that aggregate all Cost related to the category. Whcrc costs Ca[￿￿t be directly attributed to panicular headiDg5 they havr br￿ allocated to acttvits.es oll a bas&s c4)nsistent with the llse of Tangible fjied a55ets Depreciation 15 provid&1 at the followiD8 atmual ratrs in order to wtite off the depre£iable amowit of e2ch &sset ovci its estimated us¢fvl ￿fe, where applicablc alltr t3killg account of freehold lat￿ which is Dot depreciated and estimated residual values at the end of each &sseVs u8efid ]ife. Freehold PToperty- lTr/o (prcmises) and6.6°A (outbuildtDgs) on the depreciablc amount Fixtures, fittings & equipment- 2￿/0 (Ki Cost Taxatlon The clwity is exempt from COr￿10n tsx on its cbarttable activiUe& Restrlete41 Funds Tbis fi]Dd repres¢llts income wbieh bBs been reteived wbith is subject to 8p¢¢ifl¢ trusts OT objectivcs established by the dollorfs). Examples include Bequests or ErAowmenrs v/hi¢h are to be used for a specific purymjse. Ai31 December 20?2 rcstricreA fiujds totslled £NiL Unre5trictedlGentral Fll￿d$ A Capital Fund has been created representing the balance sheet ¢arrying Yah￿ of Bridgnortb Baptist Church¥ Fixed Assets. At 31 December 2022 this corDprised a property figure of £1:089,098 TAthich was pr&lon)inantly made up of the Church and No.7 Prwwty Land & Buildings includtng FixThJres & Fittings and Equipmellt Used in those two buildings. The CApitsl Fulld Is separated from other UnT¢Stri¢ttdlGeneral Funds and n￿ke8 it clear that it is inteDdd to be wed for the proki5ion of facijities in promoting the WO￿ of Bridgnorth Baptist Church. The deeds of both buildings are held by the TTUS¢ee5 of tbe Heart of E￿gland BaptistAssociation. Desigllat¢d Funds are also part of UtiregtrictedlGeneral FuDds but 2te eam)arked for a parti¢uiar project. The designation is for ad￿]nIstrati%e purrK)ses only attd th)es TKbt legally resrrict the Inths, th"sctetion to speDd tbe fitud. An exanjple of a desigjated fijttd might be a specific thur¢h ¢4)Ilects"oll for a particulu cause. At 31 DeCe￿ber 20?? desigthated totaU£d £0. Page 7 YORTH BAPTisr RCH NOTES TO THE FLYANCIAL STATEMEhTS. FOR THE YEAR EF4U)ED 31ST DECT.MBER ed 1122 ACCOUNTING POLICIES- eolltiDued Fund a£eowitiDg The bal8n¢e r¢n)aining of Uorestrickneral Fwi¢L% ￿ be made freely available to spend 00 any of the Chur¢b'8 purposes and to¢alied £109.25L &t 31 D￿mber 2022. However the trn5tces cottsider that.. BridgnoTth Bapts# Cburch should hold Furds amounting to approximately three months expenditwE. Thi8 recognises that there are fiT￿￿￿¢tal obligations in rtlation to tbe employment of staff and Ongoing cost of maintaining and runDing the Church and No.7. A budget lJasbeeD drawnup for yeaT ¢1￿￿8 31 Decemk*T 20?3 Fthich sbows this figwe is some £25,(M)O. Th¢ exttrior of the D)ain chllr¢b budding requires atttntii)n. There are, &150. &cv¢ra] arcas of work that both in the church building and No 7 will nted to be addre￿ in the near ￿tUr¢ to irrkprove internal dccoratioD, fa¢ilit* b¢ttei use of space aod address gtnernl wear and É¢4r. li is tberefore ￿nSidered prndcttt given the age of both buddings. lo set aside £15,IXK) >&gaillst ullforesecD ¢xpense5 to Tjjaintsinth properti&4 in g￿d ¢ODditiOIL Aftet deduction of the al￿ve two items a balance of £69251 of freely a￿lIable fuDds remains. The TnJ5tees considcr that th¢te arc sufficient fjJDds avAilable to meet its ob]ig&lions. The truste¢5 ititend to r¢view the policy at Ic&8t once every 12 rnonths. Pension crfts *Dd other ￿$t-retireD￿￿t beneflts The charitAble CLYnpaDy op¢fdtrS a defmed contrib￿10￿ pension scbeme. Contri￿110n$ payabl¢ to the charitable compall￿S pension scljeme are chwEed to the knternent of Fi]wicial Activities in the PEriod tts which they rclat¢. INVKSTMENf INCOME 31.12.22 31.12.21 5,268 968 2,355 676 Rents received Interest re¢¢ivable- tradtng RAISIPIG FLY4DS R#tskng do￿*￿0￿5 •Dd Iweies 31.1222 31.12.21 Supp)rt costs Page 8 BRIDCFIORTH B ST CHURCH TP.S T THE Ff%'AliCIAL STATEMENTS. c n¢tnued FOR THE ThI)LD 31ST DECEJIBER 2022 NET INCOmEJ{EXPEMlm￿￿) Net Income/(eXp￿diIU[c) is stated aftercbargmgl{crediiing).' 31.12.22 31.12.21 Depreciation- owned assets 10.043 TRUSTEES, RIMUN£RATION BLNEFTrs 31.12.22 31.12.21 Trust¢es' salarits Trustees, ￿Pe*st5 During the year one trustee was reiDJbursed for ¢xf£Dses c4bsts jttGU￿ed for the Cljaritys business durAng the course o*his employrnenL CO.MPARATIVES FOR THE STATEMENT OF FINANCIAL AcrtVlTIES Unrestricted RcstriGted fimd Totsl INCOME ABI￿ ENIK)WMEKfs FROM Volutttary in¢on 119,993 119,993 lttvestmettt illcome Other income 3,031 3,031 Totxl 133 212 133 212 Raising fimds 63233 63.233 Church Expellditure Total 119 NET INCOME 13.818 13,818 RECO.P*CILIATtor* OF FUNDS Total funds brought tDrwaTd 1.190.826 1.190.826 TOTAL FiJNDS CARRIED FORWARD Page 9 . RTII BAPTIST CHURCH TriOTES TO THE FDIthCIAL STATEMEYr - nthhlled FOR YEAR ETr4DED JIST D MBER 2022 TANGIBLE FIKKD ASSETS Freehold fittin8S Totals COST At 1st J8nuary 2022 AdditioD& 1.115.626 7.895 95.865 12Jl,491 At 31sL December 2022 123 $21 1 221639 DEPRECIATION At 1st January 2022 Charge for yeaT 36,193 86,305 3,815 122,498 At 315t DeceTDbeT 2022 42.421 132541 NET BOOK VALUE At 31siDe¢en)ber 2022 1081 l(K) 1089 098 AL 31 st December 2021 1079 433 9,560 1088 993 DEBTORS: AMOUNTS FALLtNG DUE ￿T￿[li ONE YEAR 31.12.22 31.12.21 Prepayments and acctucd ittcome 31.12.22 31.12.21 Funds (intercst) beldby HEBA 395 CREDrroRS: AMOUNTS FALiING DUE IIqTHtN ONE YEAR 31.12.22 31.12.21 Social security and otkn rxx¢s Other Creditors 842 727 Page 10 BRtDG%ORTH BAYnST CHURCH OTES TO THE VLY￿cL4L STATEIIEP*TS- contiDue41 CREDITORS: AMouNfs FAiJJNG D￿£ AFtER MORE TItAli ONE YEAR 31.12.22 31.12.21 Other Creditors A2. MOVEMENT IN FLTNDS Net movement At 31.12.22 At 1.122 Unrestrl¢ted fllnds 1204.644 {6.295) 1,198,349 6.29 1,198349 Net movettrnt in incEuded in the aknve are ag foitOWB'. Incoming Resources MovemcrAt filnds Unrestricted r￿d3 General fi￿d 101.126 (107.421) (6,295) Restrl¢ted funds Rcstrictcd fiu (2M) TOTAL FUNDS 107 621) Comp2r*dves for movement kn I￿l￿d$ Nct movement in fvt)Jts 11.1.21 31.12.21 Unrestrlcted funth GtLeraJ fund 1,190,826 13,818 1,204.644 TOTAL FUNDS 1 190826 13.818 Page 11 TES TO lliE CIAL STATEME F.ThDED 31sr DF. ntiii IL MOVEMENT FUNDS. t￿li￿￿ed Comp&ttitiv¢ net moveth¢nl ID fvllds. iftthe akne are &$ fo)lows: inwDitig Rtsourc¢9 ¢xpeudol Mov¢JneTk¢ in funas UnrtJtylctedf•nds General fiu 133.212 1119J94) 13,818 133 119 J94 TOTAL Fuf4DS A cutT2lJtyw 12 atsd pri(sryc8r 12 ))y)th combilldytionis as ftsuows". ovemeDt At 31.12.22 At 1.121 UDfcstri¢ted Getteral bjnd i.I90.$26 7.523 ,198,349 I 190 L76 7523 a9 TOTAL FifNDS A curmt year 12 t1￿mIth$ 3ndprior ye8T 12 ttM)ntts c¢)mbincd tyov¢theni in f￿&%. incluiled irl the above are as follows.. TDcomwg Rttources Mov¢ment its fiDid8 Unrestrkted fgDd5 GerLerdL fi 234J38 (226,815) 7.523 R¢strictEd fuDds Restricted fjjttd (2QO} 234.438 •27 015) TOTALF(JNDS Pa8e 12 BRIDGNORTH BAPIIST C TES TO THE ThLYCL4L STATEMELNTS- c tlnued FOR THE ITAR EhllED 31ST D -MBER 2022 13. EMPInYEE BENEFIT OBLIGATIOYS During theperiod the Church rn&de deficicncy ContrJTr)U¢io]￿ of £4.143 (2021 £4,015) The Church is a partÈcipatin8 employer in the Bapti￿ Perjsion Scheme {Yie Scheme"). which is a ￿parate legal elltity administetcd by the PensioD Trustee {Bapt151 Pen5ioTh Tnjst Linjited). The assets of the sChe￿e aTe hdd scpardtely frorn those of the Employer arjd the other wti¢tparLug ernployeT5. The Scheme. prcviou8ly kttowD as the Baptist MinisleTS' PeDsion Flln4 stsrted in 1925, but was ¢los¢d to fubjre ac¢rual of defjned benefits (KL 3 1 Decclnber 2011. Prior to thi"$ date the maiD bencfit proviW through the Defined Ben¢fit (DB) Plan w&8 a pen•'oth of one cigbticth of fiuai ]niuiTnum p¢nsionabl¢ inco￿¢ for each year of pensionable seLvice together with aiklition31 pensjoll in Kspect of prtmiurns paid OD Pensionable Income in ex¢￿ of MiniDllmi Pensiojmble IwD)¢. From Jartuary 201?, prJ]sion provisi¢)D is bethg through the Defjned Contribution (DQ PLan withill the Scheme. lo g￿eTaI. membeTS pay 8/0 of ther PeJsion4ble IncollLe attd employers pay 6QA of m¢mben' Peusiotsable InconJe Iti￿ itidividual pension 8£c(wJtsrs. vAJich are op¢rdred and ll￿naged on behalf of Ibe Pe￿50￿ TN¥ee by Broadstone CoTpofdte Benefits Ltd. In additioJ4 the eAnployer pays a firrher 4°/0 of Pe￿￿lo￿abl¢ tn¢ome to c4>ver Death in SeTrFie¢ Betsefit& ad￿l￿tratiOn costs. attd an associated itigurancc policy which provi(ks incom¢ pwtrrtion for Scheme membert if they ar¢ uDablc lo work due to long-trmi incapacity. This income protection policy h&s be¢n llmjred by the Baptist UtiioD of Great Britsin with Avivd Limited. (Members of tbe Basic Sectiorl pay rebjced contribUti¢￿S of 5°A of Pensionable Income. and their empk)y¢rs &lso pay & total of SOA). The scherne is Considered to b¢ a multi longer a shortfatl. An updated RecoTrEry pLqn s then stwed io Aug￿ ?022 ullder which recovery contributions from each particJpatitt8 ¢mploy¢r itt the DB Plan rtythJ¢rd to £1 per￿Qllth ftY>m August 2022. Movement ill Bfilance Sheet Ji*blKty Scctiots 28.1 IA Df FRS 102 reqllire5 deficit reeAwery pa)wts ro bc recDBDised a liability. T koveD]entinthe rmvision is set out in thc thblt brknwgnd 15 shoN￿a5 otha cralitOTS ifl llo(e I l. A¢¢oulltillgDate 31 D¢¢enth 2022 31 December 2021 Balancc shcct liability at yrar513rt Minus deficieDCy contribuEiODS pajd IrLEerest cost {r¢£ogDi%¢d io SOFA Remainittg change to the ba]8nce sl*etJiabiJity Ircetigtti8￿ ill SoTrAI 17,3(K) {2.192) 324 21,526 13,6941 79 A15.432) (6091 Balgn¢¢ sh¢¢t ljability atyear ¢Dd 17,3(N) This Jiabijity represents the present of Ehe defirit ¢4)nmTr*urioDS agr¢&J as ai the ac¢ouNttng dale and h38 beell vakned USiDg th¢ foll¢)IYing 85wWLons by ref¢r¢tKe to th¢ thnuon ofthe defitit ￿¢￿very pAyments'. Accounting date 31 D￿¢[￿ 2022 31 De£ember 2021 31 Detanbtt 2020 Discount R Ful[￿e iThueases Lo Minimum PensioDBbl¢ Income 5.66% 2.￿/• 0.41 3.26% 4_1% Page 14 BRIDGliORTH B CHURCH OTE TO THE FV*AFiCUL STATEMEN - cDnthiued R THE YEAR ThI)KD 31ST DECEMBER 2022 13. EMPLOYEE BENEFrr OBIIGATtONS- continued Cassation and other Events Consequent wn the departtlre of a fornjer Pastor in 2(MJ7, the Church had a cess8tion eveni undBr Section 75 of the Pa￿lOn8 Act 1995. This makes the Chutcb liable for the proportion of the overall deficit {&gsessed by reference io the cost of securing b¢nefits by the purchase of athiuitics) aN>licable to its PTevTrous Pastors u,ho were tt)embers of the S¢heme. At present the Church is paying the ongoitig deficieney ￿ntrIbUtions Outlilled aknve, and the balance sheet liability alx)vc is bwd on thoÉe deficiency cootribution8. However, the Pension Scheme Tnjstee h&s the right to quantify and seek paymt of the thbt at atty tirnt. 14. RELATED PARTY DISCLOSIJRLS There were ]LO related paty traD5actions forthe ycar endfyl 31st De£ember 2022. Page 15 ORTH BAPTIST CHURCH DETAI[￿D STATEME.Yr OF FL%￿Nc FOR THE YEAR ENDED 31ST D MBER 2022 31.1222 31.12.21 Voluntsry income C4)Ilections Covenants (Gift aid) Mums & Toddlers Sundry Receipts Specified Gifts 74.578 13,819 88,595 17,268 33 4.252 371 95,090 119.993 IDvestmeDt iA¢ome Rents ￿¢¢iVed Int¢rest rcceivabl¢- tradin8 5.268 968 2,355 676 6.236 3,03 L Other lttcome Covid Furlough Gtattt Total IDcfjming resources IOlJ26 133,212 Church Ewnditure Church Leaders Salari¢s (frustecs) Other salaries Social security P¢nsioJJs R2duction ill w)sion liability T¢l¢phone Travel & Subsisten¢¢ ConferenGe F¢es 39.153 15,456 773 4.143 (15,108) 392 J7.997 13,946 215 4,015 (53 1) 364 55 768 45,577 56,161 Support ¢osts Church B￿lIding Eipenyes Repakrs & Mailltenance l]Nirance Light and heat Telephone Postage aud station Sundrics Clcanitig Copyright 3,509 ,386 2.430 2.000 1.279 877 4,928 671 2291 1,200 2.374 1,646 1532 2 J25 4.643 931 17,080 16,942 This page ¢knsnot forni partof the statutory fit)anciaJ stst¢rtLents Page 16 DETAILED STATEMEYT OF FLNAliCIAL ACTIVITIES FOR THE TrEAR EliDED 31ST DECEMBER 2022 31.12.22 31.12.21 Cbureh BuildiDg E￿e￿Ie5 7 West Castle Street Expe￿Se1 CleaAJing Rates and water Insurance Light aTLd heat Rq)airs & Mailliet)at￿e 149 498 438 1,664 119 385 379 1,436 898 6,766 3217 Ml8slon Heart of EDglattd Baptist Ass￿latIon 1.500 1,500 Outreach, Glft$ & Home MA￿10 Special Events 56 6322 5588 1.505 9,845 4,158 {50) 6,000 CAP C￿¢ Fund Inct of repayments) Bridgnorth Youtb & Schools Project Rencw Wcllbcing Opeu The &)ok Fund Other 7,833 500 161 22.8(rf) 23,858 Other resourees e￿elldtd Trn￿ing & collferences Speak¢rs & Conllnullion Supplies Youth & Ra￿boW Bank ¢harges Bible PrnyerNotes & Re50urcEs Accoulltancy and legal fees SUb￿ripu0llS Depreciation- Church Depreciation- No. 7 45 190 13 385 748 .662 753 7,437 453 30 292 418 3,392 2,745 682 7,265 2.439 Totsl rEsourcts expended 107621 119J94 Net [￿￿t￿d￿￿T¢)fftI￿￿e 95 13,818 Page 17