REGlStERED cHAR￿y NUMBER 1186522
FINANCIAL STATEMEPlfS FOR THE PERIOD ENDED
31 AUGUST 2024
FOR
SANDBACH BAwnsT CHURCH
ICHARITABLE INCORPORATED ORGANISATION)
VERSION FINAL 10111124
Page l of 17

coiirEpifs OF THE FIIIAIKW STATEMEp¥rs
FOR THE PERIOD ENDED 31 AUGU￿ 2024
PAGE(S)
Rew cfj ￿ Tnstees
3-8
Eyarninerfs Re[￿rt
Statanent of R￿e1[￿ paYn￿ts
10-12
13
Jtes to the Rnancial &aten￿ts
1+17
Page 2 of 17

SANDBACH BAPT￿ CHURCH
REPORT OF THE TRIISTEES
FOR ThE PERIOD ENDED 31 AUGUST 2024
The trus￿ present their reix)rt with the finarKial State￿￿ts of the diarity fr￿ the pEriod ended 31
August 2024. The trust￿5 have adoFtsJ the provisi(￿ rf tIE State￿Ent d R&xKM)en￿I Practi
(SORP)"AccounliTYJ and ReFxxbrKJ by 0￿ribeS..
REFERENCE AND ADMINIStRATON DEfAILS
Charity name
SarKIt￿ch BaFX]'st Churth
1186522
Principal address
36 Green Street (GrouFMJ FlrNJr)
sa￿1￿Ch
Cheshire
Cwii IGX
Rev A Stewart (Chair)
Mr B Williams
Mr G Hill (re-aptwjintsl 27111123)
Mrs A ]0￿ (rtrapwnted 27111123)
Mr I Patsons
Mr5 S R&ldiffe
Mrs H Carter
The tn￿ are all memtV5 of ￿ thaTity
Rev A Stthyart (CFwr}
Mr B Willtams
Mr G Hill
Page 3 of 17

Mrs A Jones
Mr5 H Carter
Mr I Par50rs
Mrs S Ra(kliffe Retired (25111124)
Bankers
Royal Bank of Scotla￿%
Mr D Hallworth
Charitable obiert
The ￿ncipal pUr[￿se$ of ttE Churth are:
l) The advarKenMt of the Chrtstian faith Kcordirmj to wIr￿l*S of BaptLSt
deromination, and
2) The Church may also athan￿ ed￿atsn ar#1 cany out (XI￿r ￿￿[￿b]e pUT￿Se5 in the UK
andlor other palts of the world.
Sandbath Baptist Church was pre1￿￿Y StnKlur￿j a5 a (tharltsb￿ Unincorpxakl AS$￿atiOn.
however, the Church trx)k decisi)n to convert to a charilab￿ ITKorp)rated Organisation fcto
and the new CIO was registerej wtth the Chanty CLYnmisston for Et¥Jlarnl a￿1 Wale5 on 22 NovemtEr
2019.
The Charity CL¥nmission for EThJL3nd Waks aU￿ri￿1 the tTrn5fer ¢A assets and Ik?FA"lJt￿5 and
Ihe granting of an irklemnity unts sLrtion 105 of ts a)arts P£t 2011 lth￿n SaNlbKh Baptist
Church (the unirwrted enbty) arjd &I￿liK￿￿ Baptst ￿UrCh (1186522) on 29 January 2020.
The charity is a memter of BatAist Unicm of (knat Britain aNJ Nc*th Westem Baplist
The charity is controlled by its gOv￿nI￿ (CIO Ass(Kiakn Consbbjbon) dated l November
2019 a￿1 amended 7 March 2021.
Church memiE￿. Meetings are durirKJ the year tD rfwjss a￿1 make decisiors on the life of
the thurch. In &COrdar￿ ￿th consthjtsn. n*mtET5 aPtK)int Trusts￿ who are resForsible for
the overall governan￿ of the Church, aThJ the and legal as￿ of charity. The Trustees
meet regularfy every 3.4 weeks arnj receive a fina￿la1 rqKKt or UFthte at ead) rI￿trng.
The minister and dder also ￿￿t each week ty ZrKXn.
All memtErs are encouw to take an appropriate part in ￿ spiiitual and tasks involved in
Page 4 of 17

In order to ￿leve the prinop31 dwritable obie(INe atthe, the thurch provides a Var￿ of activities
both for tts Mem￿rShip and for the c￿MUnIty. is to share k)ve of Jws with the
community in Sandbach, and furt1￿ af*ld.
The Thurch does own a of worship but rents a hall at Sa￿lik￿￿ Primary A(2ty on a
Sunday momirwJ. Additi"onally. the Church rents a c(Mnmunty buildiThJ at 36 Green Street (Ground
FlrK)r), Sandbach Cal￿ Oasis C(wnmunty Centre foa5i51 for further of worship, siudy groups
and CLxnmunty.based ￿]V￿. Tr Churrh also rnak￿ Oasts availatAe to c(￿rnUn￿ groups to hire.
The Church also uses a hybiid of f￿e to fa￿ atNJ online ￿tIVIt*S canied out on the Ziyxn video
Confere￿Ing plattorm. A summary of key is as folhjvs:
WothKI SttyaTrl1￿Yer
Central to the work and witness of the Church ts the kYovisN)n of reJuk3r Surnlay Serv￿e5 of Chri5ttan
worship. A thikI￿n'S prryJram￿￿ usualty takes pl￿ duriThJ tse servic&.
An a￿10 r&tirdir¥J of Sunday n￿lI￿j worship is taken wt on the Churth website.
Averdge weekly attendarKe on a Sunday moming ￿ the ￿p￿tir￿j was 47.
The fdlowirrfj mmj-week grouFS ncw PrayeT, w￿ship ar¥J Bible Sttth:
Tuesday Eveniro"Encounter viith (kKI" trEdir4J
Walnesday Moming Felk)wship
Wednesday EveniThJ &ble SttKty GKwp
Saturday Morniw Gatherir
MUS￿ Group Practice
Church . the ￿urth has run three sessK)As as a rnmplrb￿tary *le of (Taft based
Y￿rShIp and further se55K)ns are plan￿￿ in ttE fthire
Monthly informal youth bible St(￿ group
Online via zc￿M
Thursday eveniry Altth House
ne of the (DmmunirZtk￿ ctonnds oF*￿A duriThJ COVID-19 kthk)wn have contin￿1 i.e.
Whats4pp groups.
The mintster pIr#j￿ed a weekty wslettw. which I￿lu(*d tething. famity ￿, pray requests
and spEtial items of interest to the Church. Th&e wme ￿nal￿d to memiEr5 a￿1 a5Xtk4tes and
printed delivered ts) ttrKJse WR￿)Ut enHI.
A thurd) Retreat is ￿anned for 26 CktotEr 2024, vA)Kh Y￿11 te a time of 5pinbJal enri￿￿Ent arKI
In athlition to ￿ f&Trto4&e aLx)ve Worship. W arKI Prnyer, we
provitsd trE folh)wirNJ seTrfj￿.
Tots Co- tcxldkn arKI carers
BAP for senkys.
Shceb)x packnng for the Teams4U slKtt*)x
Extemal letknrys to groups provmjing communty led ￿ti¥l￿￿.
Page 5 of 17

Universty of the 3ttt P4e fU3A
Wornen's Instttute
National Chldbirth TnL5t
thitionalty. an irnIe￿n(1ent youth (•n Urban Saints n￿ets at Oas5 and the Urban
Saints l&iders are all of thurth.
urth is an ￿tiVe rnem1￿r (A T(4thr in SafKJbKh ccrs? WKI in addl￿n to ioiniThJ
tcgett*r in arts of worship of Wit[￿ tD the c(xnmunty. Church IT￿lter5 alsojoin￿l wtth
other churches in saNli￿ to SUPIW finan(idty a￿1 with volunteers, the followiThJ communty
Se￿￿e5.
Sandbach F(xxJbank
Lifeline Debt Advi￿ up to ckjsure of tr* servKE on 3118124
Sandbach Partrtsy
Christian Aid week
"Net Zero in our ￿l9h1￿)Urhc￿rf- dimate tharKJe krally
Outd(K)r community sir¥JiThJ of ￿[StmaS Carob a￿1 shariry Christmas meswJe.
Christma5 1)ay lunch for people in our (xxnmunty WIK) are on their own.
Amnesty IntematTronal's WrFte ￿ R￿hts campavJn, which ￿7r¥]S tcgether from
amund the workl to fight injustKe aTrJ gjptxxt w￿e human rights are under threat.
Church mem￿￿[5 have expressed a wil1iThJn￿S to ￿ part of the i)urw with CFs5 as they
explore how Youth and Families Work M￿ht eV0￿e tn Sa￿lbach. The Church is a150 syilling to I
orkn to the Fxjssibility of puth.rrfj financial afKI volunteers into that prOj￿l
Our minister meets regulaty with other (kngy in SaThJbath and kKAI Baptst mintsters.
The Church also has strory ties wtth &4tK11%3ch Primary Acaemy minister is a &)vemor
and meets wtth theteachers and d(Jes sonE with the chihjren.
A p[C￿raM[￿e (* indusive social events YRS held during the yew Ind￿11￿2 walks a￿1 a garden party.
The Church has Iken kx)kirnJ at issues ￿ neur￿1ver￿ to help ensu￿ ve a￿ as indu5ive as
FI￿1b[e.
In tem)s of WKkr missMJn the thurch i￿l￿deS SUPEX)rt for a wide varth of miwon proj
in the UK and overseas through ￿r5(￿l cont< pw and fina￿1￿1 gNirKJ as follows:
BaFkn"st Unton Hon￿ Miwin
BMS World Mis&on
North Westem Baptist Assooiat
Healirtg RcKJms
Prison felk)wship
C(NnF4355ion Int￿nat￿￿1, thrwgh whmth the church SU￿ six thildren and youro twple
in drfferent c(NJrtrs by cunw￿Ing by ktter5 afKI ords.
Open Doors
Urban Saints and Nefyn Youth Camp5
Teams4U Sh1￿1X A￿￿61
TearfurMI
Santtus Refty SupEL)rt
AR￿UK
Blble SLK
Page 6 of 17

Lifdine Debt Athi
Sandbach F(XKlbank
SaThlbKh Pantry
chan￿ Changing LNes
sandb￿ Prin￿ry Acafj￿ Toy ApFeal
On occa5i(ffis, guest stEakers from scme of the onjanisations supt#Nt share infomxtion about
their wo￿{ at Sunday services during the year.
StErial appeab have a19) iEen held thrw fofkAMThJ ￿Y (auses:
Mission Aviation Fdk)wship
Sandbath Foc*Jbank aNI SaThJbath Pdnty
Morning Star Ministries
thristian AKI Sp)nsOr￿ btke rbje
Tear Fund (Huw LuThth a￿1 B"KJ ()Jiz}
AdditionaHy, a rTrai￿ fundraisiTrJ ap￿1 was esiabt6W in 2022 fvr the Tek Ura Mi5sKM) in Abanra.
This work is by fomier BMS Mi55ionaries Dan and Annie Dupree.
Due the fart that BMS will not te sUPtMytirNJ Dan and Dupree in 2024, ￿ thurch committed to
pmvwje further financial Dan arKI AnnE Dupree have visted ￿Urch to give a
pr￿ltatIOn of the mission work undertaken by Tek Ura and one of the a)urch Trustees went to
Albank during rewting terKKI to * first hatKI the of mission.
The Church OFerates a Safeguarding Policy to Pro￿ chiklren and vulnerable adults, whth is
reviewed regularty by the leadership team duriry ￿ year and approved by ￿ Church on an annual
basis. The Church arrdnges saf￿jua¥dlng trainirrfj, for those who it in accordarte with the
a)urch Safeguarding Policy. Tr Church also a￿ureS that kH)ple w0￿1ng with chiklren and
VUIWab￿ adults a￿ aptKopriatdy vetbl by ￿ Di￿osUre and BarriNJ Swvice.
The Trustees have read the a￿lity CoMmiss￿n guIdar￿e on public tenefit are satisfied that the
artmties out11r￿ atM)ve dea￿ d￿[M)n￿te that the charity is providing a I￿)efit to the public.
Athievements and Perforn￿n
The Church d￿S not measure the S￿PsS of tLs pr￿3￿mMeS onty in num[￿5, ind￿ing financial
number5 but also in tsngible areas like feFkA¥ship aNX)urV￿L The Truts r￿nise
that th￿ are difficult to measure.
The arttvities listal in the wlion atrf)ve uThkn"Objectives arnl ArtiVI￿5. a Churth
which is comfflitt￿l to ¢ts Charitab￿ ob￿￿ve5.
On 31 August 2024, the mernlHship strth at 45.
Financial Review
The Church Ix>ntinues to rdise ftl￿ts. which it to carry on its ￿1VitieS frixn within its own
meMi￿ShipIcongregatIOn ar￿ exiernal lettiros.
The (hurth employs memt)er of staff, whKh is t￿ minister and is I￿avilY depeTrknt on its
memLEr5hip working as volunteers in all asFtrts of ￿ church's ￿tI¥l￿e5.
The Treasurer preFkires a b￿]get at tr* t*ginniry of ￿nar￿jaI Year, whith is apwoved first by
the and Trti￿d by the Churth Meeting in Septant£r annually.
Page 7 of 17

Within the overall bu(kJet, the Church sets a missK)n budget each year ba￿1 approximatety on 10%
of the previous yearfs income a￿1 suppx)rts work of the wwjer thurch otrEr national and
intemational Christ&3n organisatmxs through mission gifts.
In rthition to the Mission Bty the ￿urCh akn hokls a￿￿15 during year in whth mory is
rais￿1 paid out to c*her charitable organisatK)ns.
An èjreed FinarKial Controls Policy (l￿1udI￿J on ReseThES aThl InVestn￿ts) is in pke
trNJether with a self-asSeSs￿ against the (hrlty Commisskyt d*rMist. This cha*list o)ntains
qUeSt￿n5 to help charity trustees evaluate the (harivs ￿rf0m￿n￿ against legal requirements
and goc¥J pracbce recommerKJations *t out in commi55#)n's gUKlan￿ on itsnal financial
contro15 for cha17ties.
The financial resu115 ￿ the tErKxd, tCoetI￿ with a summary of the LKmuntirvJ FX)Itcies adopted are
set out in the a(tompanying financial statements. The financial siatements show an overall surFAus
for the year of £10,336, whKh was than b￿.
The TnJstees and Church membe￿ hae agr￿ that stx Th)mHI ex￿￿t￿re kept in
reserves to cover uwtctsj exFenditiJre, whith arise. The Church oJrrentty has suffioent
reserves to meet this pK)liLy requiremenL
Rev AG Stewart
Chair of Trustees
Page 8 of 17

Report of the Indeptsthit Eraminer to the Tn*ees of sand1￿￿ Baptist Churth
On the accounts the ifjt September 2023_ 31st August 2024
The Churth's Trust￿ are rwsitAe 1xe[￿rat￿ of the ￿cOUnts. The (hurch's trusts
consider that an audit ￿ not ￿Uired fc￿ this teric*J under sectr)n 144 of the Tharities Act 2011 fthe
char￿ ACV? and that an eknminalion is netsjed.
It is my restx)nsibilty to:
Exami￿ the ￿CoUnts Sect￿ 145 of tt* CIK3rities Att
To folk)w the pr￿lureS laMI down in the gerthl dir&tions g￿En by ￿ Charity Commtssion
(under stttion 145(5Xb) of ttE tharitie5 ACL and
To stste whether particular matters have come to my attentK)n
My examinatM)n was canied cxrt in accordarKe vith gerthl given ty the Chaiity
C(wnmi￿1O￿. An examIna￿n indudes a review of the a￿OUntIng records kept by the church and
comparison of the a(u)unts presen￿1 with tMJse recrnts. It also indudes consideJation of any
unusual It￿n5 or discb)gJres in the accounts arnl Seeki￿ expLanatw)ns from the trustees Con￿rn1r￿j
any such matters. The prC(edUr￿ tsndertaken th) provKle all the eVKIen￿ that would be r￿uir￿j
in an audit, arKI (￿T￿Uentty rK) opinion is given as to whets ￿rnunts trtEsent a True and fai
view and the re[￿ is limited to ljw matt￿5 set out in the stst￿t lkn.
In connection byith my examinatwjn, rn material matt8s have c(xne to my attentTh which gives me
cause to tdieve that in, any material res[￿.
countiNJ were not kept in with sth 130 of ts (hrities Art: or
I have come across ￿ (Xher matters in (￿ne￿k)n with the ewination to whith attent￿￿ shouhl
dravffl in order to enat4e a pro￿ unde￿￿11￿j of ￿ ￿CoUrt$ to ￿ rea(￿d.
SvjnatU￿ of eyamlner........... ......
Name of indeFeThknt exami￿.
Relevant prof￿s￿jnal qua1FFthtm￿ of iTrkperKlent eyamir￿........
Name of firm (tétse
appropriate):.................
Add￿.......
PostCc&.....L.w)(l..tF
Paee 9 of 17

SANDBACH BAlYtIsr CHURCH
FINANCIAL sfATEMEpif FOR THE PERIOD ENDED 31 AUGusf 2024
GENERAL RECEIvfs & PAYME1￿ ACCOUNT (UNREsfRZCfED FUNDS)
2024
2023
Re￿ipts
Weaty f)fferings
12,347
40.894
11,273
7,038
3,213
2,513
9,602
42.￿3
10.894
4,832
850
2.381
19)
Rents and contriiKrtw)rs of pr￿niSeS
Rais￿1 for other causes
Church weekend Retreats
200
Total Receipts
77h78
71092
Payments
Ministy
MF5sion
Premises
Administratbjn and (ther
Amounts passed onto other caus
Total Payments
(38,715)
(7,8W)
(12.818)
(3,172)
(2,539)
(65,044)
(37,377)
(7,000)
(12,169)
(3,604)
(2.471)
(61621)
Net receipts l (payments) for the ￿lod
12.434
9,471
Transfe￿ from General Fund
Trnnsfers to General Fund
(16)
240
133W7
146,505
(28)
240
124,164
133,847
Cash balance at curt year end
Page 10 of 17

BUILDING FUND RE￿IpTs AND PAYMErirs AccouNf (DESIGNATED
ACCOUNT)
2024
2023
Receipts
Grant Oasis
Grant Manse
Total Receipts
Payments
MaIntenaf￿￿R￿vat￿￿ to Manse
MaIntenan￿Rer￿)vat10n to Oasis
Total Payments
(1,867)
(309)
(1176)
(3.583)
(3,819)
{7,402)
{2.176)
(7,402)
TransfeTS to l (from) Building fund
33.576
31AOO
40,978
33.576
Cash balance at ￿rrent year end
SHOEBOX APPEAL (DESIGNATED ACCOU￿￿
2024
2023
Receipts
tkn)atioTLs
457
Total Receipts
457
Prf)xes arKI c(Httents
Transport
Total Payments
(o)
{480)
(480)
(185)
(3CK))
{485)
204
(28)
16
28
88
88
Cash balance at wevious year end
Cash balance at ￿rrent y￿r end
308
Page 11 of 17

WELCOME BAP REcuvfs AND PAYMEpifs AccouNr
(RESTrlCtED FUNDS)
2024
2023
Donations and otTrEr incune
Memorials
1,087
1,692
Total Receipts
1.087
1.692
Payments
(1.141)
(231)
(1.372)
(761)
(266)
(1,027)
Gifts, (ards and ott*r
Totsl Payments
Net receipts l (paymwts) for the yiod
(285)
(240)
1,481
956
(240)
1,056
1081
Cash balan￿ at previ(Mts year er
Cash balance at ￿rrent year end
CHILD SPONSORSHIP RECEtPTS AND PAYMErirs ACcOuP￿ (RESTRICTED
FUNDS)
2024
2023
Receipts
Weew donatK)ns a￿1 (ther i
Totsl Receipts
2,723
723
2,572
1572
Child swnSOT5hip charities
Total Payments
io
(2.564)
(1564)
(2,004)
(w)
Net receipts l {payM￿ts) for the period
159
Trnnsfers from General fund
Cash balance at previous year end
Cash balan￿ at ￿rrent year end
90
817
658
Page 12 of 17

srATEMENf OF ASSEfs AND LIABIL[￿ AT 31 AUGiisf 2024
2024
2023
Assets
Bank and cash Lk31an
Cash in haThJ [unih3nked colblKK6)
RBS Bank Account
Bapts"st Union Corp. Ltd (7 day notre)
BaWI'st Union Corp. Ltd {3 nx)nth ￿e)
10.597
14,853
154,536
10,299
14,468
144.883
Debtors
Gift aid daimed ljut recav&l
li
395,416
575,402
388,302
557,952
Total Assets
Liabilities
Current liabilities
Penwn *heme liatmlty
Other liabilibes
Totsl Liabilities
12
The accounts Stat￿Ment of assets arKI liabilit￿5 35 set out on pages 11>13 rdating to ￿1C￿l
endi¥wJ 31 August 2024 are as apy0V￿ by the trust
IH Parsons
Treasurer
Page 13 of 17

NOTES TO THE FINANCIAL AccouKrs
133 Charities Act 2011.
2024
2023
nk and savtngs inter
Trust Incc*ne
7,038
4,832
7038
4￿32
3. Raised for other Causes
2024
2023
Tek Ura Albania
Tear Fund
BMS Hatvest
Sandba(h Foodbank Pantry
Morning Star Mini
Angel Tree
(hristsan Ahj
Mission Aviation Fe1k)V￿hlP
Total rnised for other Cau
649
273
1.184
472
305
ICK)
143
50
io
7(K)
1513
l381
Other Income
2024
2023
Uttlty aiKI 0￿r ￿rKI5
other incorne
Total Other Income
5. Minislry
2024
2023
Ministerfs stiFEnd
Pension contribution
Pension defbx fvnd
PAYE and NatThal insurdn
Council Ta4 Travel and gerErdl ￿perL$es
MarGe costs (IrL1￿1￿ utilitss}
Other ministry
Total Ministsy
(21,286)
(6,791)
(12)
(3,786)
(2.743)
(4,079)
(15)
(¥715)
(19.374)
(6,419)
(12)
(3,916)
(2,583)
(5,043)
(30)
(37￿77)
Page 14 of 17

The Minister ads as of the church's tnjstees arkd receNes remunerali)n and other I￿nefts in
restert of his Se￿￿e5 as Mini*, irKtudir¥J ￿ wovision of rna￿ accommc%lalJon, owrEd by the
church.
6. Mission
2024
2023
Baptist Missiorory kniety
Baptist Home Mi&wn
(1,100)
(1,9W)
(T30)
(100)
(100)
(1,050)
(150)
(i(xi)
(o)
(i.IcKJ)
(1,9(KJ)
(350)
(l(M))
(ICK))
(215)
(250)
(ioo)
(135)
A R￿ha UK
Bible ￿￿Iety
Tek Ura AItKnYa
Sandbach Pantry
CLMnpaSSb￿ UK Gkthl Fcoj
Eli
Healiro Rix)ms
Lifeline Debt A(fvi(E
Open Doors
Prison FelloWshiplA￿d Tree
Sanctus
ChaKe ChangiThJ Lives
Urban Saints
Sa￿lbath Frx*Jbank
SaThJbach Primary Acad￿nY Toy Aprthl
Totsl Mission
(1￿)
{71XJ)
(1￿)
(820)
(i(KJ)
(100)
(41KJ)
(150)
(1￿)
(7WO)
(1￿)
(800)
(250)
(950)
(250)
(o)
(400)
(o)
(o)
(7,000)
7. Premises
2024
2023
Rent- Oas15
utillt*s - (la5iS
Small equipmenVfvmiture-
Oasis/SPA
InsUran￿- Oasi
re exunguisher checks- Oasis
Hire of Hall - Sandbath Acadany
Total Premises
(7.752)
{1,738)
(7.752)
(1,355)
(365)
(434)
(223)
(2,IMO)
{Il169)
(1,170)
(442)
(116)
(1,6￿)
(Il818)
Page IS of 17

8. Administration & Other
2024
2023
Website Fees
L[￿nSing f
Subsaiptwms (BU, NVIBA Ciis)
other Fees & TrdiniTrJ
Youthlsunday khW(*s
ConsUMa￿e$
Cards arKI gifts
Advent ca￿ndars1EaSter grfis
Churth WeekerKIIRetreats
Other
Total Administration and Other
(233)
(818)
(250)
{418)
{315)
(215)
(757)
(323)
(473)
(209)
i J
(462)
(382)
(294)
(o)
(o)
(3,172)
(317)
(163)
(247)
(91X))
(o)
(3,604)
2024
2023
Tear Fund (Hury￿ lunthlSyria/Quiz)
Sandtkich Panty
sa￿EbaCh F(KKlbank
Prison Fellowship1Ar￿I Tree
Christian
Moming Star MinistrEs
Tek Ura Albania
BMS Harvest Apt*al
Mission Aviatx)n Feltowship
compassw￿ UK Gift AKI
{273)
{579)
(30)
(143)
(o)
{100)
(649)
(o)
(7CKJ)
(65)
(l539)
(472)
(2(K))
(l(M))
(50)
(io)
(60)
{1,184)
(305)
(o)
(9))
(1471)
10. Child Sponsorship Charity
2024
2023
C(￿pasS￿ln Internati)nal
Open D(K)rs
(2.348)
(216)
(1,788)
(216)
Totsl Child Sponsorship awrities
11564)
(1004)
11. Assets held for Churth's use
2024
2023
Manse
Sound equltynent
Visual equi￿￿nt
compute￿ and fumitu
Air Purifier
393,8f
386,902
675
l(XJ
325
300
388,302
i((J
750
l(K)
395h16
Page 16 of 17

The church is the L￿nefIda1 owner (subject to Tetevant trusts) of the following assets, the legal
trtle to Ythich is hekl Lry thurch's cu*(Klian tr￿Stee lthe Bapbst Un¥)n Corpwabon Ltdj:
(hurch manse at 53 &x)th Avenue, SarKlb￿h, CWII 4JN val￿1 in ￿0)Unts at £393.866
(based on insurable thy one as at 3118124)
The church also owns fixtures, fvmiture awKJ 8wiwient with a value of £1,550
12. Pension Scheme Lrability
The Church is a partiCiFkitiro BaFtist pens￿ knme whith 15 a
separate legal entity administered by Pension Twstee (Baptist PensK)n Trust Limfcexl). The assets
of the Scheme a￿ hehj sepa• from of the Empw aThJ cthr ￿7rtICipating employer5.
The Sch￿e, prevK)usty known as the Ba￿]St Mini*&￿ Penyon Furnl, started in 1925, 1)ut was
dosed to fvture accrual of defined LErEfits on 31 De￿nI￿r 2011. PrK)r to this date the main tenefft
prov￿cYj through the tEfined Benefft (DB} Plan was a FensM)n ￿ orE eightieth of final minimum
pensionable incorrE for year of tEnsK)rob￿ ser1￿￿ t(￿￿tI￿r with additional pensK)n in resFett
of premiums paid on Pengonabk Ir￿orr￿ in excess of Minimum Pensionable Ir￿Me. Since l January
2012, benefft5 tove prOv￿ed through a ￿ned Contribution (DC) PL3n.
A fomial valuation of the DB Plan as at 31 DecemiEr 2019 ty a wofessionally qualified Actuary using
P￿]￿ted Unit MethLxI. At ts valuatb)n date market value of ￿ DB Pkn assets was £298
million, whibt the level of assets r*eded to pay I￿￿t5 was £316m. giving a def￿[t of £18m
(equiwdknt to a past servtce fiJnd1￿ level of 94%). The (hurch and the other p3rtiapatiThJ
employers in the DB Plan are collecbvdy resp)nyble for fundi￿ this defKit. The next actuarial
valuati(ffi of ts DB Plan vdithin the 15 due to tske pl￿ Sater than as at 31 De(￿nl
2022.
On 30th June 2022 the Baptst Pension thme swJ￿j an agreement with the insuran￿ (rmnpany
Just Group Cjusn to secure DB Plan wnbers, Fers#)n ￿￿efits. are IK)w providing financial
backing for all pensions provided through the kheme's DB Plan arxl folkming this transacb"on, the
heme no loroer has a shortfall. An u[xIa￿ RecoV￿Y t4an was tFEn sig￿￿ in 2022 under
which recovery contributions fr(xn e￿ PartKI￿l￿g empw in the DB Plan reJd￿ed to £1 per
nK)nth from August 2021
Page 17 of 17