ELTHAM PARK BAPTIST CHURCH
Charity No 1190789
Annual Report and Finandal Ststements
For the year ended 31 D￿mber 2022

ELTHAM PARK BAPTIST CHURCH
Contents
Page
Referen￿ AdMIn￿tra￿Ve rktsns
Tru5tees' report
Statsment of Financlal ActwIt￿5
Balan￿ Sheet
Note5 to the Accounts
10-19
Independent Exalni￿r$ ReF(Vt

ELTHAM PARK BAPTIST CHURCH
Reference and Administratlve Details
Charity Name
Ellham Park Baptist Churth
Charity Reglstrntion Number
1190789
Reglstered and Admi￿￿trative Office
32a Westmount Roal
London
SE9 IJE
Trustees
ArrEokl Tarfing
Patrfcki Mary Bailey-Barclay
Alfred Bassah
Jill Rac￿eY
Kathleen Nobbs
Heather &>ldsworthy
Rachel Priddle
Andrew Goldsworthy
Bankers
Lloyds Bank PIC
25 Greshaffl Street
London
EC2V ?HN
Independent Examlner
field Sull￿an
9 Hare & Blllet Roaj
ackheath
London
SE3 ORB

32a Westmount Road, Eltham,
ELTHAM PARK
BAPTIST CHURCH
London SE9 IIE
020 8859 7740
Info@epbc.or&uk
www.epbc.OTg.uk
Trustees, Annual Report for the perSod from isr January 2022 to 31st December 2022
Charity name: Eltham Park Baptist Church
Charlty reglstratlon number,. 1190789
Objectives and Activities
Summury oAthe purpose5 Df the ¢ht7rity 05 set outln Its governlng document
The principal purpose of the Church is the advancement of the Christian faith according to the
principlÈs ol the Baptisi denominatSon. The Church may also advat)ce education and carry out other
charitable purposes in the Unlted Kingdom andlor other parts tsf the world.
Summory of the muin uctivities in rElution to those purposesfor the publlc benefit, In portlculur, the
octivities* pmjects orservices identlfied In the uccounts.
The Activlties may include but are not restrlcted to:
-Regular public worship, prayer, Blble Study, preaching and tÈachlng.
-Bapt15m, as defined in the Union's Declaration of Principle.
-The Communion of the Lord's Supper which shall normally be observed at least once a month.
-Evangelism and mission, locaSly, reglona15y, nationally and IntÈrnatlonalW.
-The teaching, encouragement, welcome and incluslon of young people.
-Nurture and growth of Christian disciples.
-Educatlon and tralnlng for Christlan and communlty service.
-Givlng and encouraging pastoral care.
-supporting 3nd encouraglng charitable social actlon in the United Kingdom and abroad.
-Encoura8in8 relationships with and supporting Baptists and other Christian5.
Stotement confirmlng whether the Trustee5 h¢7ve hod regard to the guidtsnce Issuedby the Ch¢7rity
Comn7iSSiOrt tsn publlc beneAIt
The Trustees confirm that they have had regard to the guldance i5suÈd by the Charlty CommSsslon on
public benefit.
Worklng out ourpurpose thr9ugh our vision
As trustees and members of Eltham Park, we are commltted to the development of our vislon
statement to be a 'People-loving. lesus-centred Church,. To dchSeve thls aim, we set out a mission
staternent, whlch underplns the purposes for all our activities as a church arkd ch8rltv.
To love people os Jesus loves them, we willfotus on thefollowing three areGS.'

Our relutionship with God. We willseek to grow dependency upon God und go deeperin ourfvith.
ive seek to do this so thot we orestrengthened to live o life thot reflectsjesus. We sholl Ilsten to God
undbe trt7nsformedby Him through thefollowing wuys.-
Worship t7ndpiayer
Readlng scripture
Preuching ond te(3ching God s Word
Our relationshlps wlth euch other. We wlllseek to toke t7n interest in allpeople, encouruglng people
to use their glfts ondfeel t7ppreclated. We wlllseek to support ond coreforone anotheros we Ilve out
ourfalth through thefollctwing ways..
Encouruglng deeper relt7tlonshlps through smt711groups/homegroups
Prtscticol corefor oll
Intergenert7tional activities
Ourrelotlohshlp wlth the woHd/communlty uround us. We willseek tD support Etlch other to live ond
shtsre whojesus Is through the whole of ourlive5 both withln the communlty of Elthum ond the world
around us. We wlll seek to do this in thefollowing ways..
Be ts positffve presence in the community
Share ourfoith
Be concernedlorotJrenvironment ondissue5 ofiustl
To achleve these aims, the trustee5 organise and plan for regular thurch servlces, events and training.
They also o¥ganise the maintenance of the premises in order to facilltate our meeting together.
Achievaments and Performance
Summory of the muin tichlevements of the churltyi tidentifvlng the dlfference the churlty'5 work hos
made to the circumstances of its beneflciarles ony widerbeneflts to societyus a whole.
Worshlp ond Pruyer..
We continue to meet every Sunday morning for a servSce Includlng sung worshlp, prayer and teaching.
This is preceded by a prayer time and followed by tèa and coffee, where we aim to strengthen our
relationshlps wlth each other and extend a warm welcome to those who are newto the church.
On the flTSt Sunday of each month. we take communion together as part of the main Service. Our group
of young people111-181 are now encouraged to loln us for this speclal act of worship- sornething new
instigaled thls year. The second Sunday of each month Is a specific all-age serwce, where children and
young people are Included, wlth teaching and worshlp aimed at all ages.
Our third Sunday is usually followed by our church members meetlng- a tlme for prayer. discussion and
decisions about the life of our church. Thls Is an att of worship in a different context.
During the final Sunday of the month, we include updates about the mlsslonaries we support and have
a time of prayer for thetn. In the last week of the month, we also gather for a specific time of prayer as
a church.
ThisyeHr, we have formally recognised a team of people who are developlng thelrglfts of leadingwor5hip
at church, as well as our minlster and minlster-ln-training, and a growing group of peoplè willing to
develop thelr gifts in preaching and teaching. We have continued to include a range of different faos to
le3d parts of the servlce, from leading prayers, Bible reading, sharing the all-age talk, ghjing a testlmony,
or sharing news. This is helping us to grow ourfaith and develc*p ourgifts- part of OUT mission statement
and has encouraged a friendly and welcoming ethos In our servlces. We also brought bèck the much-
loved birthday box, so anyone wlth a blrthday can ch005e a sweet treat and be sung to and prdyed for.

The services are organised to follow a serles of ihemes to deepen the 5plrltual understandlng and
prattical application Into the everyday lThfeg of the congregation. These themes are chosen tO8ether bv
those leading the preaching and teaching, to reflect the next step on our path towards meeting the 3im5
set out at the beginning.
Since October, we havÈ a run mornlng Bible Study group that meet on a Sunday before the servi￿. This
was begun as a iesponse to the need for some people to meet together, who are unable to participate
in a weekday home group. The homegroups land Bible study group), contlnue to use nr)tes from the
service theme, to delve deeper and dlscu55 the teaching presented, a5 well a5 provide opportunities to
develop strorsger and supportive relationshlps with each other and to pray.
We are pleased to see Continued growth in new famllies and individua15 who have settled at Eltham Park
and have mède It their home church. In fact, we welcomed 10 new people in one go durlng the year.
However, we are also sad to note the passlng of four of our older members. We held one wedding for
mernbers of our own church, although the church was also hlred for wedding5 by members from the
local community. We had four baptism5 and held a dedication 5eEvice for two children.
Foll¢)wing from the murder of George Floyd. and a re¢ognltlon that racism need5 to be tackled rather
than ignored, the church ran a series of studles following the book by Ben Llndsey, 'We need to talk
about race,. Altogether, over 40 people took part. As a result, we have begun to actively redress the
imbalance of people in leadership role5 and become more aware of cultural dIfferen￿S that may cause
tension between people through lack of understanding. We are aware that this is not a tick boxsolution,
but one that needs addressing over a long-term basis.
Leodership Team..
Throughout the year the leadershlp of the church consisted of our mlnlster, Rev Ltscy Wrlght, our
mSnister-in-training, Cherie Roger5 and a group of b&tweÈn 9 and 10 deacons, all of whom are trustees
of the church. This team meets once a month to discuss the business of running the thurch and once a
month for prayer. Two new deacons joined the team thls year and one resigned.
Bulldings..
To reduce the heatlrig bSlls13st autumn, we agreed to meet in the church halls ratherthan the 5anctLJary.
Thi5 saved money and ensured people were able to worship in the warmth. In fact, we had very positive
feedback from the congregation who liked the informality and closeness uslng the halls generated. The
number of people attending prayers before the service also Increased.
The office has been revamped and updated, Includlng new desks and carpets.
Postoral Cqre.-
Followlng the easlng of Covid based restrictions, we reopened the Friendship Centre Lunch Club In
March. This news was gratefully received ljy all the folks who attend- the majority beithg older folk from
our local community who are not otherwise associated wlth the church. Numbers returned to pre-ctsvid
lèvels of 40-45 bythe end of the year. Lunch Club also provided a Maundy Thursdaytea and a Chrlstmas
dlnner. Small 'Bags of BlessinB' were glven at Easter to vulnerable older people we krhtrw locally, and
these sarlle people a150 re￿iVed a Christmas Hamper. Our Pastoral Cère team tries to ensure that people
we know who need a personal vlslt can receive one.
Knit and Natter meet weekly and provide an opportunity to enjoy and learn more about knlttin& while
developing deep frlendshlps.
Our youth leaders contlnue to provide care, educatlon, fun and games In Boys, Brlgade, Glrls, Brigade,
EPYC and Klngdom Kid5. The numbers In all these groups have steadily grown over the year, followinE
the substantial dip Caused through Covld. We held a paricake evening for our families at the beginning
of Lent and also held a 'Light Partty for chlldren assoclate(J with the church in October as an alternative
to Halloween.

During the summer, we held è serles of events for our famllies to help new people build relationships
wlth exlstlng member5. We also started a Famille5 WhatsApp gfoilp, whlch h2s enabled famlly members
to ask for or offer support as needed.
We held a wonderful Barn Dan￿ at Haivest tlme, where people assocSated wlth our church Isuch as
through Lunch Clubl came, ate, danced and got to know each other. Thi5 was also true of our fun-filled
Christrnas Party. The ladies associated with the church, ran a very enjoyable Christmas craft evening
following a supper. A further opportunity for those with partlculèr g1ft5 and skllls to be able to Share
them wlth the wlder church family and beyond.
However, we a150 became aware that there Is a gap In the pastoral care for the men In our church that
needs to be addressed.
Everyweek, we have messages asking for prayer on our PrayerNet. This is a wonderful waythat we show
care and concern ftrr eèch other.
Mlsslon ond Evongellsm..
This autumn, in response to thè rising cost of livlng and the increase in fuel prices, we tried to set up a
arm Welcome, foranyone associated with the church Ithrough the pre-school. youth work, Lunch club
etcl who needed a warm and frlendly space to stay in during the day. Unfortunately, desplte advertlslng,
no tsne used the facllttles, so the venture was stopped after a few weeks.
We continue to support four different MISS￿narieS through a yearly glft and regular prayer. One work5
for XLP In London, one In RomanS3 and two are BMS misslonarie5. We ¢ontlnue to Support BMS and
Home mlssion as part of our glvlng, along wlth Our local Food Bank.
We collected chocolate èggs at Ea5terand toys 3tChrlstm3s for Superkidz, harvest produce to the Manna
Centre and Food Bank and ra15ed over £500 for Macmillan In our coffee morning.
We also transferred the primary use of our minl-bus to XLP, but aTe still housing the bus on our premises.
Relatior15hips wlth other churchE5.'
At Christmas, it was our turn to organlse the joint Caiol Singing between the churches on Westmount
Road. We joined the Baptist Union CDnference live steam for one of our servlces.
Volunteers..
We thank all the volunteers who make our church happen. This Includes those runnlng Lunch Club, Bov
Brigade and Girls, Brlgade, EPYC, Kingdom Klds, Home Grouplbible study leaders, those who provlde and
arrange the flowers, who organise Knit and Natter, provlde tea and coffee on a Sunday morning, those
who take pastoral visits, who maintaln the premises, run the tech lor Sunday services, welcome people,
Sort musSc, lead and preach, fill the blrthday box, prepare communion, orEanlse rotas, send emails and
messages, sort ourfinances and those who garden. Withovt all the tremendous work that they do, there
would be no Eltham Park Baptist Church.
Structure, Governance ond Munogement..
The appointment of trustees is made in accordance with the 8aptlst Unlon guldelirbes and confirmed by
our Church tonstitutlon, ratSfled in 2013. Trustees must be members of the church, nomlnated by a
mlnimum of two member$ 2nd voted by 213s of the membership present at the electSon. The trustees
are respon51ble for rnakinE decisions on all matters of general concern and Importance to the church
Including deddlng on how the funds are to be spety)t but wlll brlng all 5ignlficant changes before the
rnembers of the church for final instruction.

Financial Review
Revlew of the charlty'5finunclulposititM ut the end olthe period
A5 at 31 December 2022. the charity had total fund5 carried forward of £4,232,02612021-
£4,307,064). The funds were represented predomlnantly by tangible fixed assets, mainly the
church bulldlng and the Manse occupied by our mlnlster. Of these funds £Nil12021.' £Nill were
restrlcted and the balance unrestricted.
When considering the flnancial position, the Trustees conslder and monitor the cash and bank
balance%. At the end of the year, bank and cash balances amounted to £191,22312021..
£227,868), a reduttlon of £36,645 from the balance at the start of the year.
The TrLJStees have concluded thèt the flnancial posltion of the charity at the end OF the perlod was
strong wlth sufficient assets available to 5UPPOrt the planned artivitie5 in thè future.
Stutement exploining the policyforholding reseNes statlng why they are held
The charity'5 pollcy15 to hold Teserves in unrestr4Cted funds sufficient to cover 5 month5,
expenditure. The maln Sour￿ of income for the charity is donations from members and others
attendlng the church. The holding of r&serves at this level enables the charity to plan activities
and commit to expenditure In the knowledge that should there be a drop In the level of income,
or an unavoSdable unplanned expenditure requirement, the charity has sulflcient time to respond
without a serious adverse Impact.
In applylng this pollcy, the Trustees exclude Tangible Flxed Asset5 Iwhlch are not readlly
realisablel and, in previous years, the Defined Pension SchEme Liability.
Amount of resetves held
At the end of the year the chaTity held free reserves of £190,69912021- £240,1191. This was
518nificantly in excess of the amount requlred to be held under the reserves policy.
The reason that slgniflcant excess funds were held is that the charity received a substantial legacy
in 2018. The amot4nt of the legacy w3$ £220,165, and ihe legacy included no restrictions as to it5
use.
Durlng 2020 the church members decided to deslgnate two thlrds ol the money received through
the legacy to fund an additional church worker to Support the minister, and the remaining one
third to fund work required on the church property. At the end of the year the balance in the
designated funds amounted to £131,094, leaving £59,605 withln the General Fund.
Detuils offvndmuterlollyln defi¢l¢
At the year-end there were no funds materlally In defidt.
Explt7notion of any uncertulnties about the chorlty continulng as o golng corttern
Having censldered the financial positlon of the charity at the year end, tho monthly accounts
prepared for subsequent periods and the expected activities over the forthcoming 12 months, the
Trustees have concluded that there is no material uncertainty over the abSllty of the charity to
contlnue as a going concern. They have therefore prepared the charft¢s accounts on a golng
concern basis.

Reference and Admlnistrative details
Charit
name
Registered charity number
Charity's principal address
Eltham Park Baptist Church
1190789
32a Westmount Road
Eltharn
London
SE9 IJE
Names of the charity trustees who manage the charlty
Tru$tee harne
Date$ acted if not for
whole year
Mame ol person lor borty)
entitled lo appolnt tTUStee Ilf
Office Ilf any)
Rev. Lucy WTIEht
Mlnister
Eltham Park Baptist Church
members
Minister-In~
Training
Cherle Rogers
Colin Barnes
To July 2022
From july 2022
Alfred Bassah
Thomas Feasey
Andrew Goldsworthv
Heather Goldsworthy
Kathleen Nobbs
Treasurer
Rachel Priddle
Secretary
1111 Rackley
Tracy Thomas
From july 2022
Declarations
The Trustee5 dedare that they have approved the Trustees, Report above.
518ned on behalf of the charlt¢5 trustees on................................. by..
Slgnature..
Name..
Positlon..
Rachel Rtsse Priddle
Secretary
Andrew Goldsworthy
Treasurer

ELTHAM PARK BAPTIST CHURCH
STATEMENT OF FINANCIAL ACTDIIIIES FOR THE YEAR ENDED 31 DECEMBER 2022
Note
Unregtrlctad
Restricted
Total
2022
Urtre$trfcted Restrlrted
Total
2021
Income and
endowments fro
Donatlons arvj legacles
Investment incorne
81,883
L15
9,170
91,053
115
96,172
77
3,605
99,777
77
Other tradlng activltTes
rotsl income
31,382
113,380
31,382
26,320
26,320
126,174
9,170
121550
122,569
3,fAJ5
expenditure
Charftable AC￿￿￿e5
Mlnlstry
M1551on
75,772
75,772
34,467
105,511
70,446
70,446
29,325
92,293
25,297
105,511
9,170
25,720
92,293
188,459
3,605
Estsbllshment
Total Expendlture
206,580
9,170
215,750
3,605
192,064
Net Income I
(Expendlture) for the
year
193,2001
(93,2(X)}
165,890)
(65,8￿)
other recognlsed
gainsl(105ses)
Actuarial gain￿110$￿) on
éefined benefit penslcffis
schem
14
18,162
18,162
1,017
1,017
Net Movement In
Funds
{75,038)
175,038)
164,673)
164,873)
Reconciliation of
Funds:
Total Funds b￿￿ht
forward
Total Funds carrled
forward
4,3D7,Q64
4,307,064
4,371,937
4,371,937
4,232,026
4,232,026
4,307,064
4,307,064

ELTHAM PARK BAPTIST CHURCH
BALANCE SHEET 31 DECEMBER 2022
Notes
2022
2021
Fixed Assets
TatKJlble Nxed Assets
4,D41,327
4,041,327
4,087,345
4,087,345
Current Assets
Debtors
io
23,894
20,57B
227,868
Bank and Cash
191,223
215,117
248,446
Current Liabilitie5
Creditors.. arwunts
ftlling due vllthin one year
IL
(24,418)
18,327)
Net Current Assets
Total assets less current
19),699
240,119
4,232,026
4,327,464
Net Assets excludin9
pension Iloblllty
Defined benefit penslon
scheme
Lrdbll
4,232,026
4,327,464
14
PO,4001
4,307.064
Total net a￿ets or liabilitie5
4,231026
Charity Funds
Re¢rkted
12
Unrests*cted
4,232,026
4,307,064
Totsl Charfty Funds
4,232,026
4,307,064
The not& on pages 3-11 form an integral partofthese accounts. These accounts were approved by theTrustees
and slgned on their behalf by
Treèsurer
ekcrteL
PQ IQDLF

ELTHAM PARK BAPTlSf CHURCH
NOTES TO THE ACCOUNTS
YEAR ENDED 31 DECEMBER 2022
I ACCOUNTING POLICIES
a Basis of preparattOII
The accounts are prepared in accordan￿ with the Charibes Statement of Recommended P¥K￿ce
(Charities SORP 2015), FRS102 ar￿ wlth the Charities Att 2011.
Eltham Park Baptist Church m*ts the deflnltion of a public benefit enuty under FRS102. Assets and
liabilities are initially recognlzed at historical cost or Iransaclion value unless otherwise stated in the
relevant accountirwJ policy notes.
b Income recogrjition
All Incoming resourw are included in the Statement of Financlal ACtI￿tIeS when the charlty Is legally
enoded to the income after any perfomance conditi(Fns have been met, the amount can be measured
reliably and It Is probable that the income WTII be received.
c Donations
Donatlons are accounted for gross when received. Hxed asset gifts In knnd are recognlzed when r￿&vable
and are Included at falr value,
d Legacles
Legaaes are accounted for at the earller of the Estate accounts being finalised and notified and the legacy
being re￿ived.
e Investment Income
Investment income ¢5 Included in the accounts in the year In which ￿ Is Ye￿1vabLe.
f Expenditure recognition
l expendiiure is accounted for on an accwals basis. Expenditure 15 recognized where there is a legal or
constructive obligation to make payments to third parties, it 15 probable that sddement will be required
and the amount of the obligation can be measured reliabty-
g Costs of ralsing funds
The Church does not make formal appeals for funds, and expenditure on these Items is tIErefore not
materfal.
h Grants payable
The Church makes grants to other organisations whose charitsble objects complement its work. Tlw are
accounted for when the recipient hhs been notified of the grant and pèyment15 unconditional.
i Support costs
Support costs are those that a￿15t the work of the churth but do not directly represent charitable aLtivities
and include Offi￿ costs and govemance cost. Where support Costs cannot be directly attributed lo
particular headings they have been allocated to the cost of ralsing funds and expenditure oll charitable
activltles on a ba55s consistent with the use of resources. This represents dI￿rt exper￿lture on the
governan￿ of the church. Most of the management Is carrled out without charge by volunteers. This
intangible cost 15 riot included in the Ststsment of Flnandal Attlvltles Sin￿ there Is no me35urable cost tr)
the volunteers for their sery1￿.
io

j Fixed Assets
Tangible fixed a55ets ale capitalised if they can be used for more than one year and cost at kast £1,000.
They are initialty recognised at cost or, for donated assets, at a reasonable estimate of thelr value on
re￿ipt.
There is no reliable information available for the cost of the church premlses and so on first tlme adoption
of FR5102, the Insurano value used p￿vIouslY was adopted as deemed cost.
k Depreclatio
Depreciation Is provided on all fixed assets, other than freehold land, to write off the cost on a straight-line
basis over thdr experted useful life, at the following rates..
Freehold land
Bulldlngs
Furniture and fittings
io%
Computers and equlpment 33%
I Investment Assets
Investments are initially stated at cost. Subsequently they are measured at fair value wlth changes
rewgnlzed in the Statement of Financial Activities If the shares are publicly traded or their fair value can
othe￿Ise be measuwj rellably. All other investment assets are shown at cost less Impalrment.
m Funds
Unrestricted funds are available for u* at the discretion of the trustees In furtherance of the general
objectives of the charity and which have not been deslgnated for other purposes.
Designated funds compiise unre51ritted fvnds that have been set aside by the trustees for speclfic
purposes. The aim and use of each deslgnated fund is set out In the rbotes to the financlal sLatements.
Restrltted furKls are fuThJs whlch are to be In accordance with speciflc restrKbons imposed by donors
or which have been ralsed by the charity for specific purpose5. The cost of raising and administering such
funds are charged against the spedflc fund. The alm and use of each restrfcied ftjnd Is set out in the mtes
to the financial statements.
Endowment funds represent those assets whlch must be held perManen￿Y by the charity. Income arislng
on the endowment funds can be used In accordan￿ with the objects of the charity ènd is included as
unrestricted Income. Ally capltal gains or los*s arising on the investments fomi part of the fund.
Investment management tharge5 and legal advi￿ ￿latIng to the fund are chafged agalnst the fijnd.
Employee benefits
The charity operate5 a deffned contribution plan for ￿rtain of ts employees. A defined contributlon plan 15
persion plan under which the charity pays fixed contributlons into a separate entity, Once the
contributions have been paid the charity has no further payments obl[ga￿ON$. The contribubons are
recognised as an extEnse when they are due. Amounts not pald are shown In accruals in the balance
sheet. The assets of the plan are held separately frorn the charlty In an Independently administered fund.
Prior to 2012 pension provision was made through multi-employer defined benefit pension plan5. Where it
Is not tx)ssible for the charfty to obtain suffiaent Information to enable it to acctsullt for a plan as a defined
nefit plan, It accounts for the plan as a defined contribution plan.
li

Where the plan is in deficit and where the charity has agreed, wlth the plan, to participaie in a deflclt
funding arrangement, the charity recognlses a liability for thSs obligation. The amount reco9nised Is the net
present value of the contributions payable under the agreetnent that relate to the deficlt. This am(yJnt Is
expensed in the Statanent of Financial ActivIt￿s. The unwlnding of the dlscount Is recogni5ed as a
finan￿ cost.
Donations and Legacies
UnYÉstricted
Re5trfrted
2022
2021
Donation$ and Legacie5
Offerings
67,257
7,978
75,235
74,630
Tax rÈfiJnds
13,970
1,192
15,162
14,772
other donatKJns
656
656
375
Legacie
ID,OLKI
Total
81,883
9,170
91,053
99,777
2021 £3 605of the donabons andlegacle5 Income wasaltnbutsble to r8sirKtedfvnds with Éhe remaining
£96,172 belng attnbutable to unrestricted funds.
Investment Income
Unrestricted
R¢5trlcted
2022
2021
Investment Income
Enterest rec￿Ved
115
77
Total
115
115
In 2021 alllnvestmentincome was attnbulable to unr2¢￿￿T￿nd$.
other tradlng )ctivlUes
Unrestrfcted
RestriLted
2022
2021
Income from other tr3ding activlties
P￿MIseS and rninibus hlre fees
27,553
27,553
26,320
Lunch club
3,829
3,829
Totsl
31,382
31.382
26,320
In 2021 alllncon7e from othert￿d1￿g athwties was attr/butable to unrestHctedfvnd&
12

Ministry
Unrestrl¢ted
Re5trrcted
2022
2021
Mln15W5 $￿pend, renslon and Nl
Mlnister In Tralnlng'5 stipend, pEn51on and
NL
35,987
35,987
34,403
26,711
26,711
25.700
Wisit5ng speakers
Conferences and trninlng
Church minlbus
267
267
40
1,676
1,676
1,213
Other minlsty costs
2,206
2,206
2,089
offi￿ staffing
Subxrfptlons
3,540
3,S40
2,510
1,375
1,487
1,487
999
Prtnting¢ Postage armj statlonery
999
1,245
Independent examlnation
PeTr5ion scheme finance cost
2,360
2,360
1,582
382
382
other administrative cost
157
157
115
Total
75,772
75,772
70,446
Mlsslon
Unrestricted
Restricted
2022
28,598
2021
Grants PByable
19,428
9,170
25,841
2,757
Chlldren and youth work
Cateting Costs
1970
2,970
2,683
216
2,683
378
Outreach
216
349
Total
25,297
9.170
34,467
29,325
Unrestrlcted
Restrlcted
20Z2
2021
Grants payable
BUGB Home Mi85ion
6,QOO
6,OtKI
10,280
11,6
628
6,OLK)
S,2￿j
13,625
936
BMS Workl MIS￿on
s,￿0
7,800
5,280
3,89)
other rn15slonarles
Other charfiable organlsatiot
Total
628
19,428
9,170
28,598
25,841
13

Establishment
Unrestricted
6,337
Restrlrted
2022
2021
Manse expe￿Se5
aeaners
6,337
5,743
9,548
1,538
4,072
9,TlO
1,786
9,448
9,448
aeaning materlals
Lnsurance
1,795
4,354
1,795
4,354
16,715
3,560
192
Light arnl heat
Rates and waste
16,715
Sundr
192
209
Telephone and lThter￿t
Repairs and malntenan
Small equlptnent
Depreclatknn
390
390
786
16,294
16,294
11,077
784
46,018
105,511
46,OL8
46,980
Total
105,511
92,293
staff costs and Trustees expenses
2022
2021
staff costs and Tr45Stees
expense$
Salarles
Gross salary
Employers natknal Irksuran
Employerfs r￿n￿on contrI￿tkInS
Counal tax, water rates etc
68,109
65,445
Sctlal secwity C(k8ts
1,043
6,194
2,929
PFnsloll costs
6,OJO
2,792
(￿er costs
Total
78,275
74,247
The average number of employees during the year wa5
No em ￿0Yee r￿fved emoluments In excess of £60,000 during the year.
The Minlster acts as one of the church's trustees in accordan￿ with the Trust Deed and re￿fved
remuneratlon of £31,556 and other benefits in respect of her seNices as Minister, including the prowslon of
manse accommodation owned by the church.
The Minister-in-trainirKJ acts as ￿e of the thurch's trustees in a¢¢ordance with the Trust Deed and recelv
remuneration of £23,905 In respecL of her Serv1￿ as Minlster-ln-training.
£Nil in total was relmbursed tr) the Trustees in respert of expenses incurred as Trustees {2021.' £NII).
The Church pays pension contrlbutions for its MinisiEr and Minister-in-trainlng b) the Defined ContTrbubon
Plan withln the Baptist Pension Scheme, which is admlnlstered by the Pension Trustee, Bapt15t Penslon Trust
Llmlted. Further details of the scheme a￿ set out Iri Note 14 below.
14

9 Tanglble Fixed Assets
Churth
Premlses
Mxt¢tres,
ttings &
Equipment
Mansa
Motor
vehlcles
Totsl
Tangible Nxed Assets
Cost
L January 2022
AddIti(￿S
DispDsal
3,903,693
391,257
2,500
49,722
4,347,172
31 December 2022
3,903,693
391,257
1500
49,722
4,347,172
DeprecTatJon
L January 2022
Charge for the year
On disptssals
195,185
39,037
19,565
3,913
1286
42,791
3,014
259,827
46,018
31 December 2022
234,222
23,478
2,340
45,805
305,845
Net book value
l January 2022
3,708,508
3,669,471
371,692
367,779
214
6,931
4,087,345
4,041,327
31 De￿mber 2022
16C>
3,917
All of the fixed a￿ts are used for dlrett tharltable purposes,
10 Debtors
2022
2021
Accrued Income
2,208
21,686
600
epayment an(f other debtors
19,978
20,578
23,894
11 Creditors: amounts falling due withln one year
2022
2021
Trade crEdlto
576
1,197
AcC￿￿LS
23,842
7,130
24,418
B,327
15

12
Restrlcted Funds
Currènt period
l January Incomln9 Resources
2022 Resources
expended
Galn$
and Transfers
losses
31 December
2022
Unrestrlcted Funds
GeneralFund
4,143,326
113,380
173,936
18,162
4,100,932
De*gnatedFunds
AddltKJnal worfrer
112,743
26,712
5,932
86,031
45,r63
Propety
50,995
RestrÉcted Funds
SMS World Ml%lon
5,280
3,890
5,280
3,890
Romanla
other organtsauons
Total
4,307,064
122,550
215,7SO
18,162
4,232,026
Prèvlous perlod
l January Incoming Re50urtes
2021 Resource5
expended
Gains
and Transfer5
31 December
2021
UnreSt￿cted Funds
GeneralFund
4,176,171
122,569
156,43L
1.017
4,143,326
DeslgnatedFunds
Adjtiional worker
138,443
57,323
25,700
6,328
112,743
50,995
Propety
Restricted Funds
Tear Fund
3,325
280
3,325
280
Other organisatlon5
Total
4,371,937
126,174
192,064
1,017
4,307,064
L)uring 2020 the church members decided to designate two thirds of the money weived through a legacy In
2018 to fund an addltlonal church worker LD SUPPQrt the Minister, and the remaining one thlrd to fund work
requlred on the church property.
During 2022, the fund for an additional worker wa5 used to pay the costs of our Ninister-in-Traln1￿J. ThÈ
property fund was u*d to pay for repalrs to roots on the church site.
During 2022, the church reoived nK>ney in support of a projett run by BMS World Mission and mlsslonarles
working In Romania.
On OC￿S1On5, the church ￿elVeS money in support of other organisations. Any such amounts are accounted
for withln restrlcted funds. The funds are shown in aggregate above due to the immaterial amounts Involved.
16

13
Analysis of net assets
Current perlod
General
funds
Restricted
funds
Total
unds 202
Tangible fixed assets
Current assets
Current liabilitles
Pen%on liabllitie5
4,041,327
208,087
(17,388)
4,041,327
215.117
124,418)
7,030
(7,030)
Net assets at 31 De￿rnber 2022
4 232 026
4 232 026
PrevloLLS period
General
Restrlcted
Total
02
Tangible fixed assets
Current assets
Current1Sabllltles
Pension liabilltles
4,087,345
246,745
(6,626)
(20,400)
4,087,345
248,446
(8,327}
(20,400}
1,701
(1,701)
Net assets at 31 De￿ml￿r 2021
4,307 064
4 307 064
14
Pensions
The Church Is an partlcipating employer In a perTrsion scheme known as the Bapt15t Pension Scheme Vthe
Scheme.?, whlch Is a separate legal entity administered by the Pension Trustee (Baptlst Pension Trust
Ltmltedl. The assets of the Stheme are held separately from those of the Employer and the other
parucipating employers.
The Scheme. prevlously known as the Baplisl Ministers, Penslon Fund, stsrted In 1925, but was close¢J to
future accrual of defined benefits on 31 December 2011. Prior to thls date the maSn benefit provided through
the Defined Benefit IDB) Plan was a pEnsion of one eighbeth of final mlnimum pensionable income for each
year of pensionable service together wlth addltional penslon In ￿Pect of premiums pakl on Pensionable
Income In eX￿s$ of Minlmum Pensionable Income.
From January 2012J penslon provlslon Is being made through the Defined Contribution (t)C) withln the
Scheme. In general, mernbe￿ pay 8% of thelr PensiDnable Income and employer5 pay 6% of member
Pensionable Income Into individua1 pension accounts, which are operated and managed on behalf of the
Penslon Trustee by Broadstone Corporate Benefits Ltd. In addition, the employer pays a further 40h of
Pensionable Income to cover Death in Serv1￿ Benefits, admlnlstration costs, and an a￿OCIated insuran
policy which provides income protection for Scheme Mernbe￿ If they are unable to work due tr) long-temi
incapacity. This income protectton poliry has been Insured by the Bapdst Unlon of Great Britsln with Avlva
Llmited.
17

The Scheme is considered to be a multl*mployer scheme as descrlbed In section 28 of FRS L02. Because It
is not PC>sslble to attribute the Scheme's asse(5 and liabilltle5 to specific employers, the scheme is accounted
for as if the Scheme were a defined CDntMbutlon scheme.
The Mlnister and the Minister-in-Training are digible toJoin the SCh￿e.
Actuarlal valuation as at 31 December 2019
A formal valuatlon of the Defined Benefit {DB) Plan as at 31 De￿rnber 2019 was carried out by
professionally qualified Attuary usiThJ the Prolerted Unit Method. At the valuatr.on date the market walue of the
DB Plan assets was £298 million, whilst the level of assets needed to pay benefits was £316mi giving a deficit
of £18tn (equivalent to a past serwce funding level of 94Wo). The Church and the other participating
etnpbyers in the DB Plan are collectively responsible for funding this deficit.
The key assumptK)ns underfying the Val￿tion were as follows:
Type of ossumption
kPI price Infia￿On assumptlo
CPI prlce inflation assumption
Minlmum Pensionable Irwme inueases
sumed Investment returns
Pre-reurement
Post reknreM￿t
Deferred penslon Increases
P￿-April 2009
Post-Aprll 2009
Per￿1￿ Increas
Maln scheme penslon
/0 p.a.
3.20
2.70
3.20
195
1.70
3.20
2.50
2.70
Mortallty was assumed In accordance wlth 800/0 of the S3NA standard mortalbty table. Future Improvements
projected from 2013 In Ilne with the"CM12019" projection wlth a long-term rate of Improvement of 1.75¥0
p.a. for males and 1.5% p.a. for females wlth the core 5n￿othIng parameter and with addidonal inltial
mortality improvement factr)r A=0.5%.
The next actuarial valuation of the DB Plan wlthin the 5theme was due to take pla￿ not later than as at 31
De￿rnber 2022. However, the DB Plan is tc> be wound up, and the pr￿$$ to wind It UP Was stsrted with
effect from 31 March 2024 and therefore no formal valuats'on is due tr) take pla￿.
Recovery Plan
In addition to the cor)tributions to the DC P￿ll set out above, where a valuation of the DB Plan reveals
deficit the Trustee and the Council agree to a rate of defioency contributions from churches and other
employers involved in the DB Plan. Following the 2019 valuation a Recovery Plan was slgned In September
2020 under which deficiency contributions were payable until June 2026.
On 30th June 2022 the Baptist Pension Scheme signed an agreement wth the Insuran￿ CoM￿nY Just Group
C'just,? to secure DB P5an membeT5' pension benefits. Just are nDW providing financial backing for all
pensions provided through the Scheme's DB Plan and, following this tran5acbon, the Scheme no longer has
shortfall, An updated Recovery plan wa5 then signed in Au9usi 2022 under whlch recovery contributions fro¥n
each participating employer In the DB Plan reduced to £1 per month from Augusl 2022. These contributSons
a￿ payable under the ￿coVery plan until June 2026. The outstandlng defiaency contributions due vnder the
Recovery Plan are not consdered materlal and therefore have not been included in the balance sheet.
18

Movement In Balance Sheet Ilability
Section 28.IIA of FRS 102 requlres agreed deficit recovery payments to be recognised as a Ilabllity. The
movement In the provlslon is set Ixjt in the table below.
2022
2021
BalaTEce sheet Ibblllty at year stsrt
Minu5 deficlency contrlbutions paid
Interest co* {recognlsed In SOFA)
Remalnlng change to balance sheet liHblllV [r￿niSed in SOFA)
Balance sheet l￿bIl￿ at year end
20,4£
(2,6201
382
25,742
14,419)
94
(18,162)
11,017)
20,400
* Comprises any change In ogreed deficit recovery pL3n and change in assumptions between year*nd5,
15
Rttlated Charflles
The custodian TTUStee of the church is the Bap￿St Union Corpc¥ration Limlted which is charity number 249635,
nd which is controlled by the Baptist UnFon Counol. The church 15 also a member of the Baptisl Unk)n of
Great Briiain, and the London Baptlst Association.
The church made a donatlon to the Baptlst Unlon Home Mission Scheme as set out in note 6.
19

Independent Ex3mlner's Report to the Trustees of The Eltham Park Baptlst Church
I report to the trustees on my examination of the financial statements of The Elth3m Park Baptist Church Cthe
charity? for the year ended 31 D￿rnber 2022 whith comprise the Statement of Financial Athvities, the Balan
Sheet and related note5.
This repK)rt is made solely to the charity's tnjstees, as a body, in accordance wlth sertion 145 of the Charitie5 Att
2011. My work has been undertaken so that I might stste to the charity's trustees those matters T am required
to State to them In thls report and for no other purpose. To the fullest extent permitted by law, I do not accept
or a￿ume resp)nsibility to anyone other than the charity and the charitys tW5tees as a bodyi for my worL for
this report, or for the opinlons I have fomied.
Responsibilitles and basls of report
AS the trustees of the charfty you are Tesponslble for the preparation of the financlal statsments in accordarte
with the requirements of the CharSties Art 2011 {'the ALt?.
I report in ￿pect of my examination of the chariiys financial statements carrled out under sectlon 145 of the
Art and In Car￿ng out my examinètitsn I have folbwed all the applicable Directions given by the CForfty
Commlsslon uNler *ttion 14515)(b) of the ACL
An indepeThJent examlnation does not Involve gathering all the eviden￿ that would be required in an audit and
consequently does not cover all the matters that an auditor considers in giving their opinlon on the financial
statements. The planning and conduct of an audit goes beyond the limited a55uronce that an independent
examination can provide, Consequently l express no opinion as tr) whether the finanaal statsments present
'true and fairf view and my report Is limited to those speafic matters set out in the independent examlnerfs
ststement.
Independent examiner's statement
L have completed my examination. I tonflrm that no material maiters have come to my attention in connection
with the examinatlon glving me cause to believe that in any material respect-
accountlng records were not kept In respect of the charity as requlred by section 130 of or
the financial statements dts not accord wth ttM)se records; or
the financial statsments do not comply with the applicable requlrements conornlng the form and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any reqU1￿ment that the
accourts give a'tnje and fair vlew whtch Is not a matter consIde￿d as part of an Sndependenl examlnatlon.
I have no concerns and have come across no other ￿tter5 in connecbon with the examination to which
attention should be drawn in thi5 report in order to enable a proper understanding of the fina￿la1 statements to
be reathed.
rimothy Sulllvan FCA
Field Sullivan Limlted
Chartered Accountants
9 Hare and Billet Road
London
SE3 OR8
Date:
Fleld Sullivan Llmlted Reg¢stered In England no. 8024052
20