Charity Number:
1185692
STOUR VALLEY BAPTIST CHURCH
UNAUDITED REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
STOUR VALLEY
baptist church

STOUR VALLEY BAPTIST CHURCH
TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees present their report and the accounts for the year ended 31 December 2023
CONTACT
The Church can be contacted via 2 Elm Road, Shipslon on Stour, Warks. CV36 4FA
OBJECT
The vision of Stour Valley Baptist Church Ithe Church) is..
to proelalm Jesus Chrlst to people todav
to make disciples
to build God's church and see revival
to plant new churches
to reach the nations
In pursuit of these objects the trustees expend the charity's ￿sOurceS on..
lal
employing a Mlnlster. a Children's Worker and a Digital Marketing Manager
and paying thelr expenses. Imlnlstryl
Ibl
paying for the or8anisation and hosting of events and projects that provide an opportunlty
for people to find out about jesus. Imissionl
Icl
hiring premises and providing equipment that provides a meeting place for members and
visitors (Upkeep of church premise51
Idl
necessary adrnini5tration inturred in the running of the church. (Administration)
The Churth operates an unrestrlcted general fund and a restricted fund known as the"Tithe Fund"
Approxlmately IO% of the Income to the general fund is transferred to this fund throughout the
year. The monies in the fund a￿ donated to other organisations and people with Similar objetts
to the Church. fithe Fund recipients are selected by the Trustees from people and organisations
known to the members of the Church. The vast majority of these monie5 are allocated to people
workin8 overseas.
CONSTITUTION
Stour Valley Baptist Church ISVBCI was planted In February 1999 from Chipping Campden
Baptist Church. It adopted a constitution In 2004 and became a separate entilv
in charge of it's own finances from l January 2005.
The Church Is a reglstered charity in England- number 1185692
The Church is lun on a day to day basis by a Leadership Team that normally includes a majority of
Deacons who act as Trustees to the Church.

STOUR VALLEY BAPTIST CHURCH
TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 ltorttinuedl
During the year ended 31 December 2023 the followlng people formed the leadershlp team and were
trustees of the Charity..
Revd D Pulham
l French
(stepped down at the 2023 AGM for a sabbatical year)
R French Iresigned 21.4.241
L Holcombe lappointed 21.04.241
T Porter Iresiened 29.05.231
5 Chapman
B Source lappoSnted 23.4.231
L Bolderston (appointed 23.4.231
Minister and Trustee
Secretary, Deacon and Trustee
Retired Treasurer and Trustee
Treasurer and Trustee
Deacon and Trustee
Deacon and Trustee
Deacon and Trustee
Deactsn and Trustee
Deacons are normally elected, by the church members, at the Annu31 General Meeting IAGMI for H term
of three years. Although in the case of vacancies within the year nominations are sought at church
meetings.
REVIEW OF THE YEAR AND FUTURE DEVELOPMENTS
2023 Saw us continue to meet weekly on Sunday rnorninÈs at Shipston Primary Sthool. We gradually grew
as a Church communlty, with the opportunity to welcome many new visitors. The majority of those visitors
de¢ided to remaln wlth us and commit to SVBC as thelr Church community.
A growing number of re8ular church attenders are also part of a small group.
All groups seek to relate faith tg everyday1Sfe through study and discussion.
We have run an after-school club at Shipston Primary School as well as monthly assemblies at IlrninBton
Primary School. We marked the coronation of King Charles 111 by buying a coronation souvenir Matthew's
Gospel for every pup¢l at Shipston Primary School. We also continue to run a mid week toddler group, 'Llttle
Fishes,, which continues to be valued by a growing number tsf Mums and carers.
We have continued to work closely with the other churches in the town on a variety of other projects
including Messy Church events for families. a summer chlldren's Ho5iday aub and regular'Holiday at
Home. days for the elderly and the housebound.
The Church continues to employ a part time Dlgital Marketing M3nager. helping us connect with the wider
'digital' community beyond our Sunday gatherin8s as well as offering our re8ular congregation relevant
onllne resources.
All the above activities reflect our commitment'to proclaim Jesus Christ to people today and to make
'digital' community beyond our Sunday gatherings as well as offering our regular congregation relevant
online resources.
All the above activities reflect our commitment'to proclaim jesus Christ to people today and to make
disciples, of those who have chosen to put their faith in Him. They also demonstrate the public beneflt
8enerated by the charitv.
The link, first established in 2005, with pastors and Missionaries in Myanmar has been maintained, as have
links in Nepal and Spain and Asia.
Such activities demonstrate ihe Church's commitment to'reach the natlons. in real and tangible ways.

STOUR VALLEY BAPTIST CHURCH
FINANCIAL REVIEW
The Deacons have been constantly reviewing our financial result5 a5 detailed on pages 5 to 13.
Post covid we have increasingly seen a decline in our regular donations. We have partly mitigated the
fall in our income by reducin8 our expenditure.
RISK REVIEW
The Leadership Team has conducted its own review of the major risks to which the charity is exposed
and mechanisms have been establishèd to mitigate those risks.
RESPONSIBILITIES OF THE TRUSTEES
Charity law requires the Deacons to prepare financial statements for each flnanclal year which give a
true and fair view of the state of affairs of the Church as at the balance sheet date and of it5 incoming
resources and application of resources, including income and expenditure for the financial year.
In preparinÈ those flnancial statements the deacons should follow best practice and
select suitable accounting policies and apply them consistently
make jud8ement5 and estimates that are reasonable and prudent and
prepare the financial statements on the going concern basis unle5S It is inappropriate to
assume that the Church will continue on that basis.
The Deacons are responslble for malntalning proper accounting records which disclose at any time the
linancial position of the Church and to enable them to ensure that the financial statements comply with
charity le@islation. The Deacons are also responsible for safeguarding the assets of the Church and
hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
PUBUC BENEFIT
The Trustees have complied with their duty to have due regard to the guidance on publlc benefit published
by the Charity Comrnis5ion in exercising their powers and duties. Examples of this public benefit can be found
in other parts of this report.
25 /1.i..../.......
Approved by the Tru5tee5 On ............
2024 and signed on their behalf
l French
Secretary, Deacon and Trusteè

INDEPENDENT EXAMINERS REPORTTO THE TRUSTEESAND THE MEMBERS OF
STOUR VALLEY BAPTIST CHURCH IN RESPECT OF THE YEAR ENDED 31 DECEMBER 2023
l Teport on the accounts of the Charity for the year ended 31 December 2023, which are set out on pages 5 to 13.
Respective responsibllltles of deacons and independent èxaminers
The charity's trustees are responsible for the preparatlon of the accounts. The charity's trustees consider that
an audit is not required for this year under sectlon 144121 of the Charities Att 2011 (the 2011 Act) and that
an independent examination is needed.
It is my responsibility to..
examine the accounts under section 145 of the 2011 Act
to follow the procedures laid down in the General Directions given by the Charity Commission (under
section 14515llbl of the 2011 Act.. and
to state whether particular m8tters have come to my attention.
Basis of Independent eyamlner5 report
My examination wa5 carried out in accordance with the General Directions given by the Charity Commissioners.
An examination includes review of the accounting record5 kept by the charity and a compari50n of the accounts
presented with thtsse records. It also includes consideration of any unusual items or disc105ures in the accounts
and seeking explanations from you as trustees concerning any such matter5. The procedures undertaken do not
provide all the evidence that would be required in an audit, and consequently no opinion Is given as to whether
the accounts present a "true and fair view" and the report is limited to those matter5 set out in the statement below.
Indèpèndent examlners report
In connection with my examination. no matter has come to my attention:
which gives mè reasonable cause to believe that in any material respect the requirements:
to keep proper accounting records in accordan￿ with section 130 of the 2011 Act and.
to prepare accounts which accord with the accounting records and comply with the
accounting requirements of the 2011 Act.
have not been met: of
to which. in my opinion. attention should be drawn in order to enable a proper understandlng
of the accounts to be reached.
Danlel
mes Colwell FCCA CTA A
Danlel Colwell & Co
Charterèd Cèrtlfléd Accountant and Chartered Tax Advisor
.2024

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STOURVALLEY BAPTIST CHURCH
NOTESTOTHE ACCOUNTS FOR THE YEAR E14DED 310ECEMBER 2023
I ACCOUNTING POLICIES
The atcounts have been prepared under the hlstorlcal cost convention aNJ in accordance with..
the Statement of RecornmÈnded Practlce., Accounting and Reportlng by Charitie5 preparin8 theSr accounts in
accordantÈ wth the Flnancial Reporting Stsndard applicable in the UK and Republicof Ireland IFRS1021
issued on 16 July 2014.
and with the tharitiès Att 2011.
The Charlty meet5the definition of a pub11c benefit entity under FRSIQ2.
The prlnclpal accounting policies adopted In the preparation of the financl81 staterrEnts have been
revlewed In light of adopting FR5102 as opposed to thè pre￿ou$l¥ adopted FRSSE.
No thange in accountin8 pdities wès seen to be needed and no restatement of comparative fS8ureswas
required.
Incomlnoresources
Income re￿IVed from donotlon5 and grants Is Included in incoming resources when these are recelvable.
Income tax recovered 55 Included in the period In whlch the donatlon that aave rlse to it occurred.
Interest is in£luded when recelvable by the Church.
In orderte perform it's charitable actlvltles the Church is dependant upon voluntary help provlded
by rnernbÈrs and frlendsof the Church. The value of such help is inip055ible to quantify and 15 not intluded
in the account5.
Fundoccotsnrinq
Fund5 held by the Church are either..
Unrestrlcted Eeneral funds- these are funds which can bÈ uked In accordantr wlth the tharitable
object5 of the Church
Restricted funds- these 3refundsthat can only be used fgr partitular purpose5 ￿thIn the oblects of
the Church. The Church currently operate5 restricted funds as follow5,'
The tithe fund for donations in support of cause5 that have slmllarobject5tothe Church
Llttle fSshes fund to be used forthe Llttle Flshes children's attivity club
Holiday at Home to be used on a holiday at home event foreldÈrly.
Vision Fund monles are held to further the vlslon statement as specrfic needs arlse.
Thls fund is nowclosed.
Welfare fund forthe relief of hardshlp locallv
The Youth Project Fund represents monle5 transferred tothe care of the Bapt15tChurch from the Ship5ton
lolnt chur¢hÈs during the year undei review.
Donation$5pecifically for those fund5 may be only used for the defined object of that fund.

STOURVALLEY BAPTIsY(￿URCH
NOTESTOTHE ACCOUNTS FOR THE YEAR ENDED 11 DECEMBER 2023
ACCOUNTING POLICIES Icontlnuedl
Grunts Mtsde
The Charity makes gr3nts to orgHni$atlOn5 and individualsworkSnE In the UK and oversea5 having
Similar objert5 to the Charity. Grants are made at the dlscretion of the Trustees and are usually to
organlsatSons or Indlvlduals wlth whom the church body has an hlstoric or actlve worklng relationship.
Pensions
ThÈ Charlty is an employer partlclpatSn8 In a penslon scheme known as the Baptist PensSon Scheme I'yhe Scherne I
hlch is admlnistered by the Pension Trustee (Baptist Pension Trust Limited). The kheme is a Separate le8al entity and
the assets of the Scheme are held 5eparatelyfrom those ef the Employer and the other partlclpatln8 employers.
For any month. each partldp3ting ernployer in the Scheme pays contributions as set out in the khedule of
Contribution5 in force 4t th4t time.
The Mlnlster employed duringthe accountin8 period was ell8lble for and decided to continue in member5hlp
of the Scheme. which is not contracted out of the State Seco￿1 Pension.
From January 2012, pension provision is bein8 made through the Defined c(￿trIbUtion (DCI Plan within the Scheme. In
8eneral. members pay 8% of theSr Pensionable Incorne and ernployers pay 6%of member5, Pensionable Intame into
indlvidual pension account5, which 3re operated and managed on behalf of the Pension Trustee by Legal and General
fe A55urance Society Limited. In addltlon, the employerpay5 3 further 4% of Pensionable Income to cover Death in
Semce Benefits. admSnistratlen costs, and an as59ciated insurance politywhlch prowdes income protection for
Scheme members in the eventthat they are unable towork due to long-term incapacity. This income protectlon pollcy
has been insured by the 8aptlst Union of Great Britain with Aviva Limlted. The further 4% contrlbutlon rate Is reduced
to 3% for Employer contributions made to the Segre8ated DC Arran8ement
Benefits in respect of Se￿Ce prlorto l January 2012 are provided through the Oefined Benefit IDBI Plan wlthln the
Scheme. The main benefits for pre-2012 sÈrvite were a deflned benefit pension of onÈ Èi8htieth of Flnal Mlnlmum
Pensionablè Intome for each year of Penslonable Seryltr, togetherwith additional pension In respect of premiums paid
on Pensionable Income in excess of Minimum Pensionable Intome. The Scheme previously known as the Baptlst
Minister5. Pension Fund, stHrted in 1925. but was closed to future accrual of defined bÈnÈfits on 31 December 2011.
Actuarial valuation as at 31 December 2019
A formal valuatSon of the Defined Benefit IDBI Plan was performed at 31 De￿mber 2019 by a profeS￿OnallY quaiifled
actuary using the Projected Unit Method. The market value of the DB Plan a55ets at the valuatlon date was £298 million.
The valuation of the DB Plan revealed a deficit of a55ets compared with the value cf liabilitie5 of El8million lequivèlent
to a past seryice funding level of 94%). The Charity and the other employer5
suppDrtini the DB Plan are collectively responsible forfunding thi5 defitit.
As a result of the valuation. in addition to the contribution5to the DC plan set out above It was agreed thatthe
standard rate of deficiency contributlon5 from thurches and ether employers involved in thé DB Plan wlll remaln at
prevlou51y agreed lÈvÈls. increasing each year In Ilne wlth Increases in the Minimum Pensionable Income. The
deficiency contrlbutions are broadly b3sed on 12% of Pen5ion3ble Incomelminimum Pensionable Income reflecting
each employer'5 contrilxjtions in March 2015. Some employers that were invofvÈd in the DB Plan for a short period pay
lower contrlbutions.

STOUR VALLEY BAPTISY CHURCH
NOTESTO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
ACCOUNTING POUCIES Icontlnuedl
The key financial a55urnptions undertylnE the valuation weTr asloilows..
TYPE OF ASSUMPTION
RPI price inflation assumption
CPI price inflatlon assumption
MlnSmum Pensionable Incorne In¢reasÈs ICPI plus 1.0% pal
Assumed Investment returns
Pre-retlrement
P05t-retirement
DÈferred penslon Increases
-Pre April 20D9
-Post April 2009
Penslon increases
-Moin Scheme penslon
%pa
3.20
2.70
3.20
2.95
1.70
3.20
2.50
2.70
In addition to the contributions to the DC Plan set out above, where a valuatlon of the DB Plan reveals 8 deflcit the
Trustee and the Countil a8ree to a rate of deflclency contributii)ns from churches and otheremployers involved in the
DB Plan.
Under the RÈtovery Plan dated 3DSeptember 2020. deficiency contrlbutlons were pèyèble untll 30 June 2026.
Thes& contrlbutlons are broadly based on the employer's membership at 31 December 2014 and increase annually in line
with Increases to Minimum Pensionèble Income as defined in the Rules. However, the Trustee and the Council a8rÈÈd a
50% reduction for 411 deficiency contributions payable between l July 2020 and 31 December 2020.
The 2021 Account5 included a provision for the p0$5ible liabilty under the Bapti4t Pension Stheme.
At the end of June 2022 the Baptlst Pension Scheme si8ned an agreement with the Insurance companyJu5t Group I'JUSVI
to Secure members, pens1on benefit5 under the Defined Benelit I'DB'I Plan. As a result, the Scheme no lon8er has a
shortfall. A revised 5tsternent of contrSbutlons was annountÈd in july 2022 wlth deficit contrlbutions from each
particip3tln8 employer In the DB Plan reducing to just £1 per month from Au8U5t 2022.
The stheme Is consldered to be a multl-employer scheme a5 described in sectlon 28 01 FR5102. This is because it is not
posslble to dttribute the Scheme's assets and liabilities to 5pecificemployer5 and means thatcontrlbutions are
accounted for as if the scheme were a defined tontrlbutlon scheme. The penslon costs charged in the SOFA in the year
are contributions payable towards benefits and expensès accrued in that year* plus any impact of deficiency
contributions.

STOUR VALLEY BAPTIST CHURCH
io
NOTESTOTHEACCOUNTS FOR THEYEAR ENDED 31 DECEMBER 2023
2. MINISTRY
2023
2022
Salaries
Employer's pension contributions
Employer's national insurance
Pastoral care expenses
Manse èxpÈnses
Ministry gifts
Training costs including conferences
Pastoral mlleage expenses
Worship grouplonline worship
41,175
4,349
3,172
1,459
11,078
196
260
717
321
56,600
4,617
4.285
823
10,728
580
260
396
148
62,727
78,437
Average number of employee5
No employee received emoluments in excess of £60,000
Trustee remuneration and ex
enses
2023
2023
2023
2023
Gros5
salarv
Employer
Employer
Pension
¢ontrlbutions contributions
Reimbursed
expenses
D Pulham
31,800
3,133
4,068
6,159
Housing expenses of £11.07812022'. £10,728) are pald on behalf of D Pulham.

li
3. MISSION
2023
2022
Junior church
Famlly church
Small group resources
Alpha course expenses
Catering costs
Little flshes Irestrlctedl
Rock solid
Holiday at home Irestrictedl
Other outreach
282
260
103
19
564
2,097
258
2,082
531
284
41
566
2,177
126
1,374
827
6,196
5,395
4. ROOMSAND BUILDING HIRE
2023
2022
Hall rental
Storage
5,330
6,479
64
5,330
6.543
5, ADMINISTRATION COSTS
2023
2022
Prlntlng, statlonery and postage
Telephone and internet
General expenses
IT and equiprnent
Subscriptions
Professional fees
Bank charges
Interest payable
Insurance
Website costs
Build planning and design costs
Computer depreciation
293
477
28
12
1,631
1.770
133
349
425
2.467
1,450
219
214
763
786
43
1,080
467
7,982
311
5,483

STOUR VALLEY BAPTIST CHURCH
12
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
DONATIONS FROM TITHE FUND
2023
2022
Home mission fund
Baptist Missionary Societv
OMF IM & J Griffithsl
Open Doors
Hobson and Marv
Ukraine
Mill House of Bread
Batram
CAP Donation
2,400
1,104
1.200
600
1,000
2,400
I,lQ4
1,200
600
54
1,008
600
1.200
8,166
1,008
600
1,20D
9,112
7. SPECIAL COLLECTIONS FOR OTHER CAUSES
2023
2022
Hobson and Mary
Ukraine
Pann Nann Eln
Open Door5
Coronation books
3,797
39
644
236
662
1,336
4,277
5.378
5,613
8 FIXED ASSETS
Equlpment
2023
Written down value brought fonNard
Addition in year
Depreciation in year
Written down value carried forward
934
311
623

9 PROVISIONS FOR LIABIUTIES
13
The 2021 A¢count5 intluded a provlsion for the possible liability under the Baptist Pension Scheme.
At the end of June 2022 the Baptist Pension Scheme slgned an agreement with the insurance
company Just Group I'lust'l to secure members, pension benefits under the Defined Benefit I'DB'I
Plan. As a result, the Scheme no longer has a shortfall. A revised statement of contributions wa5
announced in July 2022 with deficit contribution5 from each participating employer in the DB Plan
reducing to just £1 per month from August 2022.
The pension liability represents the present value of the deficit wntributions indicated as
being attributable to the Charity by the pension trustees. It has been valued using the following
as5UrnPtions Set by reference to the duration of the deficit recovery payments.
Accounting date
Discount rate
Pensionable income
31 Dec 2023 31 Dec 2022
0.00%
5.70%
NIA
4.50%
The movement in the provision is set out below.
2023
2022
Opening liabilitv
Minus deficiency ¢ontrlbutions paid
Interest cost
Remaining change to balance Sheet liablllty
Balance sheet liability at year end
17,540
12,1671
214
15,5871