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|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|
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||||||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|
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||||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|
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|||||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||
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|Audio Visual and Computer
equipment|5 years|
|---|---|
|Kitchen Fittings and equipment|5years|
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|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|
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|||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|
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||||||Restricted|Unrestricted|12mths|15.5 mths|
|---|---|---|---|---|---|---|---|---|
||||||funds|funds|2022|2021|
||||||E|E|F.||
|Income|from|premises|room|hire||23,678|23,678|7,917|
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|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|
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|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|
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|||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|
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||||Restricted|General|12|mths|15.5|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/|(crediting):|12mths|15.5 mths|
|---|---|---|---|---|---|
|||||2022|2021|
|||||E|E|
|Depreciation||||9,728|3,022|
|Independent|examiner's|fee||300|300|
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|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|
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|||||2022|2021|
|---|---|---|---|---|---|
|||||No.|No.|
|Pastoral|and|administrative|staff|4|4|
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|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|
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|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|
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|||||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|
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|||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|
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|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|
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|||||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|
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|||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|
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|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|
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|||||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|
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