2022-12-31-accounts - Broadmead Baptist Church

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			Page
Reference and Administrative		Information
Trustee Annual Report			2-5
Independent Examiner's	Report
Statement of Financial	Activities
Balance Sheet
Cash Flow Statement
Notes to the Accounts			10-23

					31December	2022	31December	2021
				Note	f	f	f
Fixed assets
Tangible fixed assets						26,681		36,409
Investments						47,560		15,977
						74,241		52,386
Current assets
Debtors				10	561,117		555,191
Current asset investments				11	12,923		14,622
Cash at bank and	in	hand			59,227		70,686
					633,267		640,499
Creditors
Amounts falling due		within	one year	12	(6,870)		(600)
Net current assets						626,397		639,899
Net assets excluding		pension	liability			700,638		692,285
Defined benefit pension
scheme liability				16				(18,400)
Total net assets				15		700,638		673,885
Charity funds
Restricted funds				13		6,593		4,546
unrestricted funds				14		694,045		669,339
Total Charity funds						700,638		673,885

			Restricted	Unrestricted	12mths	15.5mths
			funds	funds	2022	2021
		Note	E	6	E	f
Income
Donations and legacies		2	2,713	137,440	140,153	45,858
Investment income		3		7,179	7,179	389
Charitable activities
Other trading activities				23,678	23,678	7,917
Other income				131	131	700,005
Total income			2,713	168,428	171,141	754,169
Expenditure
Expenditure on charitable	activities	6	2,281	160,391	162,672	62,139
Total expenditure			2,281	160,391	162,672	62,139
Net income / (expenditure)	before
gains / (losses) on investments			432	8,037	8,469	692,030
Net gain / (loss) on investments		9,11		(116)	(116)	255
Net income /(expenditure)	before transfers		432	7,921	8,353	692,285
Transfers between funds		14,15	1,615	(1,615)
Other recognised gains / (losses)
Actu aria I gains / (losses) on	defined
benefit pension scheme		16		18,400	18,400	(18,400)
Net Income / (expenditure)	and net
movement in funds for the period			2,047	24,706	26,753	673,885
Reconciliation offunds
Total funds brought forward		13-15	4,546	669,339	673,885
Total funds carried forward		13-15	6,593	694,045	700,638	673,885

				12months ended		15.5months	ended
				31December 2022		31December	2021
				E	E	E		E
Cash flow from operating activities
Net movement in funds				26,753			673,885
Adjustments for:
Depreciation oftangible fixed assets				9,728		3,022
Dividend income (included in investing		activities)		(387)		(96)
Interest (Included in investing activities)				(6,792)		(293)
Unrealised fixed asset investment	(gain) /		loss	(1,583)		25
Actuarial (gains) / losses on Dg pension		scheme		(18,400)		18,400
Fixed assets transferred to the CIO						(31,500)
Decrease / (increase) in debtors				(5,926)		(555,191)
Increase / (decrease) in creditors				6,270		600
				(17,090)			(565,033)
Net cash inflow / (outflow) from operating			activities	9,663			108,852
Cash flows from investing activities
Purchase oftangible fixed assets						(7,931)
Purchase ofinvestments				(30,000)		(32,004)
Proceeds from sale ofinvestments						16,002
Dividend income				387		96
Interest received				6,792		293
Net cash inflow / (outflow) from investing			activities	(22,821)			(23,544)
Net change in cash and cash equivalents				(13,158)			85,308
Cash and cash equivalents at the start ofthe period				85,308
Cash and cash equivalents at the end ofthe period				72,150			85,308
Analysis ofcash and cash equivalents
				Start	of		End	of
				the year		Cash flow	the year
					E	E		E
Current asset investments				14,622		(1,699)	12,923
Cash at bank and in hand				70,686		(11,459)	59,227
				85,308		(13,158)	72,150

Audio Visual and Computer equipment	5 years
Kitchen Fittings and equipment	5years

ions and	lega	cies
			Restricted	Unrestricted	12mths	15.5 mths
			funds	funds	2022	2021
			f	6		f
Donations	and	gifts	2,713	137,440	140,153	45,858

		Restricted	Unrestricted	12mths	15.5mths
		funds	funds	2022	2021
		6	f	f.	6
Dividend	income		387	387	96
interest	received		6,792	6,792	293
			7,179	7,179	389

					Restricted	Unrestricted	12mths	15.5 mths
					funds	funds	2022	2021
					E	E	F.
Income	from	premises	room	hire		23,678	23,678	7,917

income
		Restricted	Unrestricted	12mths	15.5 mths
		funds	funds	2022	2021
		E	E	E	E
Transferred	tothe CIO on 31August 2021				699,869
Other income			131	131	136
			131	131	700,005

Expenditure o	n charitable activities
		Restricted	Unrestricted	12mths	15.5 mths
		funds	funds	2022	2021
		E	E		E
Direct charitable	expenditure	2,281	159,611	161,892	61,780
Governance costs			780	780	359
		2,281	160,391	162,672	62,139

		Restricted	General	Designated	12mths	15.5 mths
		funds	fund	funds	2022	2021
		f	f	f	f	f
Ministry:
Church staff costs			90,235		90,235	26,801
DBpension scheme costs			2,327		2,327	1,307
Childrens' ministry			1,911		1,911
Evangelism ministry			1,799		1,799	1,330
Hospitality and catering			1I163		1,163
Mens' and Womens'	ministry		326		326	459
Pastoral care support		1,285			1,285	980
Pulpit supply and service costs			650		650	333
		1,285	98,411		99,696	31,210
Mission:
Direct missionary support		813	9,829		10,642	3,060
BMS World Mission support		99	2,985		3,084	6,578
Home Mission support		84	2,985		3,069	6,431
Other mission support			140		140	400
		996	15,939		16,935	16,469
Premises and Administration;
Bank charges			60		60
Books and materials	costs		886		886	187
Cleaning costs			6,657		6,657	1,315
Contract services			1,133		1,133	695
Depreciation			9,728		9,728	3,022
Equipment purchases			2,290		2,290	169
Flat expenses			896		896	774
Miscellaneous expenditure			329		329
Music and sound costs			529		529	568
Oflice supplies			151		151	26
Organ maintenance			216		216
Printing and photocopy			87		87
Subscriptions and licences			2,005		2,005	267
Training costs			3,020		3,020	5,315
Utilities costs			13,148		13,148	1,241
Website & advertising	costs		4,126		4,126	522
			45,261		45,261	14,101
		2,281	159,611		161,892	61,780

			Restricted	General	mths	mths
			funds	fund	2022	2021
				E	E	E
Independent	examiner's	fee		300	300	300
Professional	fees			480	480	59
				780	780	359

Net income	for the year isstated after charging/	for the year isstated after charging/	12mths	15.5 mths
			2022	2021
			E	E
Depreciation			9,728	3,022
Independent	examiner's	fee	300	300

Staff costs during the year were as follows:	12mths	15,5 mths
	2022	2021
	6	E
Salaries	62,751	17,645
Social security costs
Pension costs	9,040	3,032
Other costs	18,444	6,124
	90,235	26,801

				2022	2021
				No.	No.
Pastoral	and	administrative	staff	4	4

Tangible fix	ed assets
		Audio Visual	Kitchen
		&Computer	Fittings &
		equipment	equipment	Total
		f	f
Cost
At 1January	2022	41,923	6,723	48,646
At 31December 2022		41,923	6,723	48,646
Depreciation
At 1January	2022	11,949	288	12,237
Charge in the	year	8,384	1,344	9,728
At 31December 2022		20,333	1,632	21,965
Net book value
At 31December 2022		21,590	5,091	26,681
At 31December 2021		29,974	6,435	36,409

Fixed Asse	t Investments
		2022	2021
Market value		f	f
At 1January		15,977
Additions		30,000	16,002
Revaluation	gain / (loss)	1,583	(25)
At 31December		47,560	15,977

				2022	2021
				f	f
Other debtors				24	450
Gift Aid	receivable			9,676	10,113
Amount	receivable from West of England	Baptist Trust Company	Ltd	551,417	544,628
				561,117	555,191

		2022	2021
Market value		f	f
At 1January		14,622
Transferred	to the CIO on 31August 2021		30,343
Disposals			(16,002)
Revaluation	gain / (loss)	(1,699)	281
At 31December		12,923	14,622

12.	Creditors:	Amounts	Amounts	Amounts	falling due within one year	falling due within one year
									2022	2021
									f	f
	Accruals								6,870	600
									6,870	600
13.	Analysis of		movements			in restricted funds
	Year ended		31December 2022:
						Brought	incoming	Resources	Transfers	Carried
						forward	resources	expended	in / (out)	forward
						f	f	f	f	f
	Broadmead		Mission	Fund		370	2,370	(808)		1,932
	Missionary	Care Fund				188		(188)
	Pastoral Care Fund					3,988	343	(1,285)	1,615	4,661
	Restricted	funds				4,546	2,713	(2,281)	1,615	6,593
	15.5 month		period		ended 31December 2021:
						Transferred	Incoming	Resources	Transfers	Carried
						tothe CIO	resources	expended	in / (out)	forward
						f		f	f	f
	Broadmead		Mission	Fund		2I211	7,588	(9,429)		370
	Christian Aid					40		(40)
	Missionary	Care Fund				188				188
	Pastoral Care Fund					4,143	825	(980)		3,988
	Restricted	funds				6,582	8,413	(10,449)		4,546

				Brought	Incoming	Resources	Transfers	Gains /	Carried
				forward	resources	expended	in / (out)	(losses)	forward
				E		f	E	f	E
Designated	funds			543,354					543,354
General fund				125,985	168,428	(160,391)	(1,615)	18,284	150,691
Unrestricted		funds		669,339	168,428	(160,391)	(1,615)	18,284	694,045
Designated		funds comprised the			following:
					Brought	Incoming	Resources	Transfers	Carried
					forward	resources	expended	in / (out)	forward
					E		f	f	E
Manse Property			Fund		543,354				543,354
Designated		funds			543,354				543,354
15.5 month		period		ended 31December 2021:
				Transferred	Incoming	Resources	Transfers	Gains /	Carried
				to the CID	resources	expended	in / (out)	(losses)	forward
				f		f	E	f	f
Designated	funds			543,354					543,354
General fun'd				149,933	45,887	(51,690)		(18,145)	125,985
Unrestricted		funds		693,287	45,887	(51,690)		(18,145)	669,339
Designated		funds comprised the			following:
					Transferred	Incoming	Resources	Transfers	Carried
					to the CIO	resources	expended	in / (out)	forward
					F.	E	E	E	f
Manse Property			Fund		543,354				543,354
Designated		funds			543,354				543,354

		Restricted	Unrestricted
		funds	funds	2022	2021
		E	E	E	E
Fixed Assets			26,681	26,681	36,409
Investments			47,560	47,560	15,977
Debtors			561,117	561,117	555,191
Current asset investments			12,923	12,923	14,622
Cash at bank and In hand		6,593	52,634	59,227	70,686
Creditors due within one	year		(6,870)	(6,870)	(600)
Defined benefit pension	scheme liability				(18,400)
		6,593	694,045	700,638	673,885

Type ofassumption								ftp.o.
RPI price inflation assumption								3.20
CPI price inflation assumption								2.70
Minimum Pensionable Income Increase Adjustment				(above CPI)				0.50
Pre-retirement assumed investment	returns		(gilt yield plus 1.75%			pa)		2.95
Pre-retirement assumed investment	returns		(Including		benefits	matched	by the
insurance policy) (gilt yield plus 0.5%	pa)							1.70
Minimum Pensionable Income increases		(CPI	plus	0.5%)				3.20
Deferred pension increases (based on RPI)
Pre April 2009								3.20
Post April 2009								2.50
Pension increases
Based on CPI with an annual floor		of0%and		an annual cap		of5%		2.70

				2022	2021
				6	6
Balance sheet liability at	start ofperiod			18,400
Minus deficiency contributions paid				(2,327)	(1,307)
Interest cost (recognised	in the Statement ofFinancial Activities)			345	(9)
Remaining change to	balance sheet liabilityo	(recognised	in the Statement of
Financial Activities)				(16,418)	19,716
Balance sheet liability at	end ofperiod				18,400

recovery payments:
			31December 31December
			2022	2021
Discount rate			5 7o/o	20%
Future increases to Minimum	Pensionable	Income	0.0'Yo	4.19o