REGisfERED CHARITY NUMBER 1186522 FINANCIAL ￿ATEME￿[[S FOR THE PERIOD ENDED 31 AUGUST 2022 FOR SANDBACH BAvrisr CHiMiCH {CHARITABLE INCORPORATED ORGANISATION) Page l of 17 coKrErirs OF THE FINANCIAL STATEMEKrs FOR THE PERIOD ENDED 31 AUGUS[ 2022 PAGE(S) 3-8 l(k12 13 Nctes to the financial StsteTh￿ts 1+17 Page 2 of 17 SANDBACH BAPT￿ CHURCH REPORT OF ThE TRUStEES FOR THE PERIOD ENDED 31 AUGU￿ 2022 The trust￿ wesent ts￿1[ ￿e￿t with ￿ finarKial statrnts of trE (fiarity for the WKKI er￿￿ 31 (SORP) "Ac(x)untiThJ arKJ Rewrts"ng by Chanbes" REFERENCE AND ADMiN￿RATIoN D￿AlLs Sandbach Bapti* thurth Re9iStered Charity Number 1186522 PriTKipal address 36 Green Stre& (Grou￿1 FIC￿) Sarmlbach (J*shire Cwii IGX A StLwart ((Thair) Mr5 L mY￿t Mr I Parsons (r￿ap￿Mnt￿1 2911U21) Mr5 S Wa￿urt0￿ (resig￿ 29111121) MrDMur Mr5 A ]ones Mr G Htll Mrs S R*Eiffe (ap￿in￿l 29111121) The trustees are all meM1￿S of cha Rev A Stewart ((h3ir) Mrs L Mynett {reswJned 2811U22) Mr I Parsons Mr D Murphy (resigned 28111122) Page 3 of 17 Mr G Hill Mrs A J(wEs Mrs S Radcliffe Mr B Williams (awx)J"nted 28111122) Mrs H Carter {arv)int￿ 28111122) Bankers Royal Bank of Scotland Indepa¥lent eXa￿lner Mr D Haliworth Charitable (￿jeCt The priThipal purrmw of the (hurch are: l) The adva[￿en￿t of Ch￿lian fafth ￿1￿j to the wirK¥kn of the Bapb'st denomination, 21 The Churth may also acfvarKe eLl￿atK)n carry out ¢ts d￿rItal* purFoses in the UK andlor rthr pats of the world srRucfuR4 GOVERNANCE AND MANAGEMErir Sandtkich Baptist (hurch was str￿tured as a chal1tsb￿ UnincDfFKxated AsscKiation" however. the Churth tc(& {kYis￿n to convert to a (ltarrtab￿ Inc0rFKXa￿ OnJani5ali)n Cfto and the new ao Vdas registerol wtth the Charity crnimissK￿ for ErKJlaFKI Wales on 22 Noveml 2019. The (harity C(NnmissK)n for EThJlar¥J arnj Wales aUtFK¥is￿ ttE trnnts of assets and 1kabilit￿ and the granting of an irKknnty under sectM)n 105 of ttE (thaiitEs kt 2011 tetsyeen Sand1￿ Baptist Church (the unin(x)rpNated entity) arKI Sandt￿￿h BaFrt& Churol (1186522) cm 29 January 2020. The dk3rity is a nEmter rf the Batrtist un￿￿ of Great ￿lts1￿ and the Western Battist A￿￿tiOn. The tharity is contrdled by its wemirNJ (kKument (ao AsxKiatK)n constiti￿) da￿1 l Novemtkr 2019 and 7 March 2021. Church Memlwg Meetirus are duriTr3 the year tn discuss a￿1 make key (k(?sions on the life of the (hurch. In ￿Cordan￿ w￿h consbtutM)n. mem￿r5 aFp)int Trustees who are resw)nsible for the overall ￿￿nan￿ of the (hurth, aTkJ financial aThl18Jal a5r￿ts of (tsiity. Tr Trustees m￿t regularty >4 weeks and recave a fina￿1 retKrft or utthte at ￿ meeting. The minister a￿1 ekl& also eath week lry Zc￿l. l are enc￿ra￿d to take an part in spiriti&il arnl tasks invofved in the furtheran￿ of the rhiritable (*)iecb Page 4 of 17 In (Kder to achEve the prin0￿￿1 chaiitsbk obiethe atThe, thu￿ ptThits a Var￿ of activibes trK)th to rts mem￿rShip and to communty. The aim 15 to share the love of Jw with tr community in Sandbach, and furt￿ afiekl. The Church opErates a saf￿￿ard1￿ PolKy to chiklren a￿1 vulnerable adults, whth is reviewed a￿1 appfDv81 IN the Church on an annual basis. Tr thurth also arrdnge5 Sa￿uardIng training duriry year, fix t￿e WIK) in Churth Sifeguar(ting Policy. The Churth ￿￿5 rk)t own a pLyE of wcK5hip but rults a hall at SarKlba(h PrTrmary A(3Jemy on a Sunday moming. Pddrt]onalty, the Churth rents a 13xnmunty buikling at 36 Green Str￿[ Sandbach roas1￿ for furt￿￿[ acts of SYOT5hip, st￿Y groups (￿lMUnity.ba￿ knit1￿. The Church also makes Oasis available to communty grwps to hire. As the country came out of kKkdown folkn¥iTh3 COVID-19 par￿ Trusts awNJ carefully Cor￿der￿1 the pa￿ at whtth f￿e to shcwkl (rrtrtinue or re-commen￿. This has resulted in a hybrKI mix of fa￿ to arvj online ￿ti¥l￿￿ carrEd out on the Z(￿1 VKkn conferen(ing piatfomi. A 5umffb3ry of key ￿￿.¥1￿5 i5 as folkJv5: StUdyarnIP￿ Central to the 7NOrt and Wit￿ of the thurch is ts trnv)n of regular setVKES of Christian w0￿h1p and we were delighted to iE ab￿ to physK31ty ￿jain for ￿K￿Ship on a Surk1ay rnming at Sandbach Primary kndemy fmm Juty 2021. A children's w(MJTrmme akn rtrstsrted during the t￿[nir￿￿ servKe. Covmd prot{￿15 ¥￿e wt in plat to protect the ww)st vulnerable in the congrejation Trustees atvj Churth Irffil￿￿S. An audN) re(￿1n9 nK*T¢iry YaJ5hip is taken on thurth TAebsik. The fOlkW￿n9 m1d.week groups meet for Prayer, Worship and &"ble Study: F￿e to Fa EvenirvJ"Encounter with (hl" n￿tIng Wed[￿daY Evening House gr(MJP Saturday Morning F¥ayer GaU*rirwJ Music Group PrdLtKE onli￿ via Zryjm W￿nesdaY momiThJ L￿lieS Fell0V￿7p Thursday evening Fh)use group The minister prcKlu(Ed a weekly n&Ykn, which i[KI￿a te￿1￿. fami￿ ne•¥5. prayer rsluests and wcial iteTns of Inter￿ to the thurch. These weTr anal￿1 to T￿nter5 a￿1 atyxits and printeAJ aTrJ delivered to those wjple Y4ttlKXrt em￿1. The Church also h@Kl the fdk)*ir¥J events: Churth Weekend . a time of worship afKI ￿al tcoethei Churth Retreat. a to relkyt on wtkit Ikxl was sayitvj to us as irnthvmknls aFKI a Church Church LeadeT5 Day- a to let￿t on us as knders aThJ the missK)n of the Churth Page 5 of 17 Furthw Church Awaydays to reflett on our irKlThTrlual arKI Churth M￿5￿)n fekjs are ￿ned in the r￿x￿ rew)rting F￿￿K1. Acbytsat Oasis Our mmmunty centre at Oasis has fulty re-0￿ duri￿ the year and in additM)n to the f&e to servi￿. Tots arxl Co- PFtr5d￿ t(xldler5 aThJ Ca￿ BAP for Sen￿￿5 Kn￿ a￿1 natter Shoetox packing Teams4U 5TrhJet()x proprt Extemal lett1r￿ to the Universtty of the fU3A? for cl its (m￿Unty led At the tifne of wKI￿1r￿y this IEWrt, the fdknYiNJ groups are wI￿n it is safe to to St￿￿kn &oup for Vul￿b￿ in (xjr ct¥nmunty AdditKJnalty, an i￿ndent Y￿ organisatM)n (alled Urban Saint5 F￿S at Oasis atKI is ￿ ty memt￿5 of the Church. A prcmjramrr￿ of social fftnts was hekl (kniTrJ the year Vdalks arKI a s￿la1 evatt to lebrate the Queen's14ab"num Julx"Fe During the year. the Church c(xIun￿ a rrtDJr￿ (* at Oasis as folbw5" Improved ventilatK)n to make the buikYirKJ safer folk)wiw Covid-19 Impmved ￿Ctss to the entra￿e to nN3ke ts lyJikJiThJ ffhjre ￿CesSible for with dtsabilibes During financial year, the ventilathjn w(￿k has aThJ we are waiTring for e[rtTrn￿ work to CoMn￿. The Churth is an adive memlm of thuTcFEs TC¥je￿ in sandb￿ and in addttK)n to ijining tr￿ether in acts of worship arKI of Wit￿ to cc￿nm￿nty, (hurch also joirEd with other thurches in SiThlb8ch to SUPE￿ LKth finatKiaUy and with ¥￿unteers, the folhjying community servKes: Sandbach F(KKlbank line t*bt Advi C(¥nmunty Pantry ristsan Atd %*ek Our minister meets regutarty with Ot1￿ C￿ in Sandbad) and kKBI Baptist ministers. In terms of wider mission aCbvit￿s. (Thurch supp)rt for a WKle varEty of mission projects in the UK arKI overseas throwh Cont￿ prayer and finarKial givtt¥J as folh)ws." Page 6 of 17 Ba￿lst UnK)n Fkxv* and O¥er5eas MissM)n Healing RIKMnS Prison fello￿Ship Compassion Intematior01. throwjh vthth the Church supF￿ fi¥e chiklren a￿1 yourKJ ￿￿pIe in diffe￿nt countries by (W￿1n9 by arKI (Ards OtEn thx)rs Urb3n s￿nts Youth Camps Tearfund Britsh R8J Cm55 . Uknine G(￿ ne4¥s for every( A Rocha UK Bib￿ &xiety LifelirE Debt Pthi S￿[al appeals have also hekl thtDughcKrt the sear for the followiNJ 9xxI causes: chan￿ d￿NjIr￿j lives Bapbst Mis5*)nary W fBMS?"Life's i# Cry" ap[￿1 BMS suptx>rt for missKThries in iJk*l Teams4U - Ukraine Christian Aid srK)nsored bike rm Tear Fund s￿531 eveni￿ - Ukraine thwch (k*s TX)t Tr￿Ure SUC￿ of its pr￿laMme5 onty in numters, indLKtirwJ financ￿1 numtErs but also in less trnglb￿ areas like fellowship a(Kl aKOUTageffent. The TtiJ5t￿ rec(yJnise that are difficult to measu￿. partKukirly during a tsme Wh￿ we were emergiFVJ from l¢Kkdown. On 31 A￿uSt 2022, ￿ Fnemter5hip st(xxl at 49. Financial Review The Church Contrn￿ to Trise fur￿, whth it needs to catry on 115 acbts f￿Ill Within its own membershlp1o)rNJr￿Jat￿fft aThJ extem31 lettiros. thurth em￿oyS one Mernt￿r of slaff, whth is tr* minister 15 l*avily de{￿rth￿ on its memtership wryking as volunteer5 in all asperts of the thurth's Churth sets a miss¥￿ W eath bas￿1 apwoxfft• on IO% of the prevKMJS yearfs irKome a￿1 SUPFQrts the WO￿ of the wi(kn Church a￿1 otsEr natKthl a￿1 intWTratK￿1 christian organi&itions through mission grfts. An agreed Fuwcial c(￿trol5 Poly (l￿1￿￿￿j on aTKI Invesln*nts) is in pla together wth a self.assess￿t aJain& Charity C(xnmÉssion checklist. This cher*tist contains questions to help charity tn&e& evaluate a￿￿rt inter Tnjst Income Other InvestvTrent Ir￿Ome Total Investment thcfjme 1.271 1.271 2022 2021 BMS Life's First Cry chan￿ Charoing LiNe5 BMS Chdl (Chrfvers) Teams4U Ukrai 2tKI 647 Total raised for other Giuses 1.925 506 2022 2021 Grants Insurnn￿ daim Utilty arxl (ther refunds 11,370 Total Other Income 106 I1￿70 5. Ministry 2022 2021 Ministerfs Sti￿NI {18,530) (6.093) (3,420) (3,650) (2.347) (3,898) (o) (37,944) (18,912) (5.662) {2,918) (2,928) (2.144) (2,884) Pension deficit furKI PAYE and National insuran CourKil Tax. Travel arKI gerEtal extErts Man* costs (including teW]orE) Other ministry Total Minisby (35W8) Page 14 of 17 The Minister atts as of the thurth's trustees arKI rec£tves rernUn￿dtm)n aNJ i)U*r ￿nefits in reSF*d of his swvKes a% Minister, indudityj ttt Provisi￿ of [￿1[￿ acc(KnmDdat￿n, oyffled by the church. 2022 2021 Baptist Mi5wnary Soc Bapts"5t Hime Mission (1,1￿) (1.￿) (3￿) (i(x)} (i(xi) (o) {0) (i(K)) (o) (1￿} (1.0￿} (250) (I,(KK)) (300) (45) (4￿) (330) (1,080) (1,870) (o) (ioo) (11)o) (IOD) (200) (100) {93) (i(KJ) (I,o¢xJ) (250) (I,(KB) {3QKI) (21J)) (39)) (o) {0) (6,892) A Rocha UK Bible &¥iety chan￿ ChaThJing L 8MS Nepal Appeal GKkns ((knJ TW45 for EV￿y￿￿) Bin TwinniThJ Healing RcMYllS Lifeline Debt AdY￿e Open Erors Tear FuTrJ urt)an Saints Bribsh Cmss- Ukraine Cry in the Dark Total Mission (7,100) 2022 20 Rent- oasis utilities- Oasis Small quiwnent purchw- Oasis InSUran￿- Oasis Fire extinguisher checks - Oa95 Hire of Hall - Sandba(h Acèkn)y Trtal Premises (7,752) (1,176) (2￿) (410) (102) (2,160) (iiwo) (7,722) (588) (699) (398) {128) (240) (9.775) 8. Administration & Other 2022 2021 Website Fees O Legal Fee5 Li￿n51￿j fees SubscriFlJon5 (BU, NWBA ar¥J (16) other Fees & Trainir4J Youth/Sunday khool (263) (o) (718) (283) (141) (71) (245) (515) (642) (274) (105) (ioi) Page 15of 17 Consumab Cards atKI gift5 Advent Calendars/Easter E93S Church Weekend/Retreats Other Trtal Administration and Other (212) (429) (281) (1,955) (28) {4XI) (209) (227) (373) {0) {21) {I712) 2022 2021 BMS Life's first cry (collected 20121) BMS Life's ftr5t cry (colletsl 19120 aThJ pakl 20121) chan￿ ChaThJirKJ LNes Teams4U Ukraire thJnatK)n5 Teams4U UkrairE Grft AM BMS Chad (Chi]vers) Donati BMS Chad (chi￿￿) Gift Aid compass￿ UK Gift AKI (o) (438) (2￿) (640) (ioi) (647) (95) (93) (1214) (506) (1,238) (o) (o) (o) (o) (o) {0) (1.744} 10. Child Spons(K5hip Charities 2022 2021 Compassion Intematrjnal 0￿fi tknjrs Tear Fund Total Child Sponyxthip Charities {1788) (216) (1,788) {216) (1004) (1184) 11. Assets held for Churth's use 2022 2021 Manse Sound eqUI￿￿￿t Wisual equipment CompLrters and furniture Air Purifier Total A55ets held for Church's 356,260 7(K> 125 350 303.717 725 150 375 699 305,666 358,035 The church is the b￿JaI (subject to the reknnt tr￿sts) of the fDlknYirvJ assels, the legal title to which is the churth's ojrtcxlian lJustee IttE BaFlist UnK)n Corpjknn Ltd]: Church manse at 53 Eo)th Aveft￿, Sarmlbath, CWII 4JN valLEd in the at £356,260 (tosed on ir￿￿rable value as at 3V8122) church also owrs fixtures, fumibjre aThl with a value of £1,775 Page 16 of 17 12. Penston Scheme Llability The Churrh is a participating empkjyv ￿ Battst l>ens*)n fthe khen*l, whth is a separate tegal entity administered by the Pension Trust￿ (BarAJst Penswjn TnJst Limfted). The assets of the 5d￿ffle are hekl sepatatdy from tIK)se of the Empw and the other participatipg em￿0YerS. The ￿Me, prevx)usty known as the BaFlÈst Ministers. FuThJ, started in 1925, but was dosed to future accrual of defind tenefft5 on 31 Dec￿t￿ 2011. l¥w)r to this date the main t£￿rt provKled through Defin￿ IDB) PL4n was a FensK)n eightieth of final minimum pensionatk Inco￿ fix e￿ year of tMsi)nabk service t¢y￿￿ with addÈtional ￿sKIn in res of premiurn5 ¥N4id on Pensionabte in excess of Minimum Per6K)nable IT￿Ome. sin￿ I january 2012, I￿nefits Iwe been providal through a Lkfined Contrlbution (E£) Pkin. A formal valuabon of the DB ￿an as at 31 DecemFM 2019 by a profess￿￿￿ qualified Actuary usiro the Pn)jLrted Unlt MethcKI. At the valuation date market Val￿ of ￿ DB Pkn assets wa5 £298 millK)n, whilst the levd of assets ne&led to pay I￿efitS vias £316m, giviThJ a defyit of £18m (￿Ul¥alent to a tk3st seNKe funding thl of 94%). TIE thurch arKJ otlEr paftrL1E￿ts￿g eM￿Ye[S in the DB Plan are collectivety res￿r￿ll￿ ￿ fuThJiw this tsfKiL thrial valuthn of the DB Plan within the Scheme is due to tske pkxe rnt later than as at 31 2022. On 30th lune 2022 ttE Bapb"st S¥J[￿ an ag￿ with I￿ inSurn￿e company Just Group fiusn to secure DB Plan memiEr5' l*rths. Just are now pmvkling finanoal backjng for all pensions proVK￿d thrO￿h knme's DB Plan and following this tsansxtton, the SchetT* no k)rKJer has a s￿￿tfall. An utxtated Rec￿ plan was t1￿b S*3￿ in August 2022 under which recovery ContributKm￿ fr(￿ part#Jpatiry emt*)yer in the DB Plan to £1 month from August 2022 Page 17 of 17