Broadmead Baptist Church
(A Charitable Incorporated Organisation, Charity Number: 1191289)
Trustees, Report
and Annual Accounts
For the year ended 31 December 2023

BROADMEAD BAPTIST CHURCH
CONTENTS
Page
Reference and Administrative Information
Trustee Annual Repoit
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Cash Flow Statement
Notes to the Accounts
10-23

BROADMEAD BAPTIST CHURCH
REFEREN￿ AND ADMINISTRATIVE INFORMATION
For the yeorended31 December2023
Charity status
On 15 September 2020 Broadmead Baptist Church registered a5 a
Charitable Incorporated Organisation I'CIO"). The asset5 and
liabilities of Broadmead Bapt15t Church, which historically operated
as an excepted Charity under sub-section 5 of the Charities Act 1993,
were only officially transferred to the CIO on 31 August 2021. These
accounts present the financial activity of the CIO for the year ended
31 December 2023, and the comparative period for the year ended
31 December 2022.
Registered office
Broadmead Baptist Church
I Whippington Court
Bristol BSI 3HY
Key management personnel
Rev M Detzler
Mrj Cordle
Mrs C Everingham
Minister
Trainee Minister
Women's Worker
Trustees
Mrj Cordle
Rev M Detzler
Mr O Holm5trom IResigned 17 July 20231
Mr J Staplehurst ITrea5urerl
Mi55 K Rogers Isecretaryl (Resigned 17 July 20231
Mr Ademola (Appointed 17 july 20231
Mr5 C Tang (Appointed 17 July 20231
Principal bankers
Metro Bank
One Southampton Row
London WCIB SHA
and
HSBC Bank plc
62 George White Street
Cabot Circus, Bristol BSI 3BA
Independent examiner
Mr P E Hodges CPFA
Independent Examiner
74 Cottrell Road, Bristol B55 6TN

BROADMEAD BAPTIST CHURCH
TRUSTEE ANNUAL REPORT
For the yeur ended 31 December2023
The Trustees are pleased to present their report together with the independently examined account5 of
Broadmead Baptist Church I the Church I for the year ended 31 December 2023. These accounts have
been prepared in accordance with the Charities Statement of Recommended (Charitles SORP 20211 and
FRSIO2,
The Trustees confirm that the report and accounts of the Church comply wlth the currÈnt statutory
requlrements, the requirÈments of the Church's governing document and the Charities SORP 2021.
Purpose
Broadmead Baptist Church is governed by an Approved Governing Document whl¢h states that the prlnclpal
purpose of the Church 15 the advanEement of the Christian faith accordlng to the principles of the Baptist
denornination. The Church may a150 advance educatlon and carry out other charltable purposes In the
Unlted Klngdom and/or other parts of the world.
The church occupies premises which are held by the Broadmead Baptist Chapel Trust on trusts whlch are
entirely compatible with the Church's purpose a5 Stated above.
Beliefs
The Church subscribes to the Baptlst Union of Great Brltaln's Declaratlon of Prlnciple..
'That our Lord ondsoviourjesus Chris¢ God monifest in thellesh, is thesole tJnd Gb501ute authorityin all
motter5 pertuining tofuith Clnd pr￿ct￿ce, us revealedin the Holy5criptures. ond thot euch church hos Ilberty.
unrler theguidonce of the Holyspirit, to interpret administerhNs I¢FW5.
Thtst Christion Baptism is the immersNon in water into the ni7me of the Father, theSDn Holyspirlt, of
those who hoveprolessed repentunce toward5 God andfaith in our LordJe5us Chrlst who 'dledfor ourslns
ccording to theScriptures,' was buried, ondrose uguin on the third duy,.
Thotit is theduty of every ￿￿(iple to bearpersonal wfftne5S to the gospel of Jesus Chrlst, andto tuke partln
the evungelNsm of the world."
Organi5ational Structure and decisSon making proce55es
Members of the Church are accepted in accordance with the Constitution which afflrrns that baptlsm bv
Immerslon upon personal profession of faith in Jesus Christ is the normal mode of entry Into membership of
the Church.
Church Members, Meeting5 norrnally take place at least four tlmes per year. These meetlngs are an
opportunity for Members to Consider and review routine matters associated with the life of the church
including issues related to church membership, the appointment of the leaders ITrusteesl, the approval of
the budget. as well as providing opportunities for considering proposals for the development of the Church
and advancement of Its purpose through its activities.

BROADMEAD BAPTIST CHURCH
TRUSTEE ANNUAL REPORT (continued)
For the year ended 31 December 2023
Organlsatlonal structure and decision making processes (continued)
Church leaders ITrusteesl are responsible for the governance of the Church in accordance with the
Constitution and the fulfilment of the purpose through it5 activitie5 Bcting according to the will of God as
discerned by the Church Members. Church leaders, meetings normally take place at least six times per year.
Objertives and activities
In fulfilling its purpose as Stated on page 2, Broadrnead Baptist Church engages in a range of activities for the
benefit of its Members and the community generally. The aim is to show the love of Jesus Christ in both
word and deed and to bring people into a closer relationship with Him as living Lord.
Central to the work and witness of the Church is the provision of regular public services of Christian worship.
These gatherings take place each Sunday at 11.-ODam. There are alsc> occasional service5 at othei tirne5,
including evening Prayer and Praise gatherings. Crèche facilities are provided during the Church's Sunday
morning services. The Church seeks to be a friendly and welcoming community and anybody is free to
attend any of these gathering5.
The Church run5 a Series of bible study group5 that rneet across the City of Bristol in members, homes.
These groups usually meet on a weekday evening to study God's word, to enjoy Christian fellowship and to
encourage growth in faith and discipleship to the Lord Jesus Christ.
The Church continues to let rooms to commercial and charitable organisations both on a long-term regular
and occasional basis.
Financial review
These accounts present the financial activity of the Church for the year ended 31 December 2023 and the
balance sheet of the Church as at that date. The comparative period relates to the year ended 31 December
2022.
During the year ended 31 December 2023 the Church received unrestricted income which amounted to
£230,45012022.' £168,428).
Restricted income in the year ended 31 December 2023 amounted to £11,70312022.. £2,713).

BROADMEAD BAPTIST CHURCH
TRUSTEE ANNUAL REPORT lcontlnuedl
For the yeor ended 31 December 2023
Financial review Icoa)tinuedl
Unrestricted expenditure in the year ended 31 December 2023 arnounted to £284.38312022.. £160,391) ai
restricted expellditure amounted to E6,54912022. £2,281). The net movement in lund5 (alter gain5 or
losse5 on investments, tr4n5fer5 between lund5 and actuarial gain5 or Ios5e5 On the deflned beneflt pensSon
Scheme) for the year ended 31 De￿rnber 2023 amounted to loss of £54,00412022.' £26,752 incomel.
As at 31 December 2023 the Church had net assets of £646,63412022.. £700,638), of which £13,43012022..
£6.5931 related to restricted funds and £633,20412022.. £694,045) related to unrestricted funds. Thi5
amount includes £471,35412022.. £543,354) related to the Manse Property designated fund. Details of the
Church's restricted and unrestricted funds during the year ended 31 December 2023 are prov5ded In notes
13 and 14 re5pectivelv.
Investment polity and performance
Careful stewardship Is thÈ drlving princlple reg8rding how the Trustees mana8e finances In general and
speclflcally how the reserve funds of Broadmead B3Ptist Church are invested. Detailed below are the
Investment stewardship principles that the Trustees have adopted..
Investment5 must be made wlth an approprlate awarene55 01 the need trj protecteapital,.
Investment of reserves and other liquid assets must take Into consideration the need for Ilquidity
to meet cash flow needs.. and
Investments and holdlngs must seek to take 8dv8ntsge of opportunlties for competitlve returns.
Reserves policv
The Trustees, reserves policy is to seek to maintain minimum general reserves greater than or equal to
approximately three months, core operating costs. The Church's budgeted cost5 forthe year endlng 31
Decernber 2024 is £303.287. The Church's unrestrlcted general funds Ht 31 Decernber 2023 lexcluding the
Manse Property designated lundl wasE161,850 tneanlng that, at the flnanclal year-end, Its reserves were
confirmed to be at a level in exces5 of the Trusteès, mlnlmum reserves requirement.
Related party transartions
None of the Trustees receive remuneration or other benefit by reason of their position a5 a Trustee.
Trustees are required to disclose to the B03rd of Trustee5 all relevant connections and interest5 in the 5Hrr
way as any other contractual relationship wlth a related party. During the year no suth related party
transactions were reported.
The church building relating to Broadrne4d Baptist Church Is held in trust by Broadmead Bapt15t Chapel
Trust, charity registr&tion nurnber 255948, whose reglstered offite is I Whipplngton Court, Brlstol BSI 3HY.
Broadmead Baptist Church is a rDernber of the Baptlst Union of Great Brltaln (Baptlst Union) and the West of
England Baptlst Network Iwèbnetl. Further details are provided in note 17.

BROADMEAD BAPTIST CHURCH
TRUSTEE ANNUAL REPORT {contlnuedl
For the yeor ended31 December 2023
Risk management
The Trustees, risk management strategy comprlse5'.
an annual revlew of the principal risks and uncertainties that the Church faces..
the establishment of pollcle5. Systems and procedures to mitigate those identified risks,. and
the Implementation of procedures designed to rnlnlmise or manage any potentlal Impact on the
Church should those risks materialise.
The risk management review has identifled that financial sustainability is the major financial risk for the
Church. A key element in the rnanagement of financial risk Is the regu13r review of reserves and the
availabllity of liquid funds to settle debts a5 they fall due. The Church currently has an acceptable level of
reserves whlch mltigates this risk in the short to rnedlurn term.
Trustees, responsibilltle5 Statement
The Charities Act 2011 require5 the Trustees to prepare accounts for each financi81 year which give a true
and falr vlew of the state of aff3irs of the Charity and of Its Income and expenditure for that period. In
preparing the accounts the Trustees consider the Charity has-.
selected suitable accountlng poll¢ies and then applied them consistently,.
made judgement5 and estlmates that are reasonable and prudent,.
stated whether applicable 6ccountlng stand8rds have been followed, subject to any material
departures disclosed and explanatlons In the accounts,. and
prepared the accounts on a going concern basls.
The Trustees are responsible for maintaining.proper 3ccounting records which di5c105e with reasonable
accuracy at any time the financial positlon of the Charity and enable it to ensure that the accounts comply
with the Charities Act 2011. They are also responslble for safÈguarding the assets of the Charity and hence
for taklng reasonable steps to prevent and detect fraud and other IrreEularlties.
The names of the Trustee5 who Served durlng the perlod are listed on page l. In accordance with charitv
law, as the Charity's Trustees, we certify that..
so fèr as we are aware, there is no relevant accounts Informatlon of whleh the Charlty's
exarnlner Is unaware; and
as Trustees of the Charlty we have taken all the steps that we ought to have taken in order to
make ourselves aware of any relevant audit information and to establish that the Charity'5
examiner is aware of that informatlon.
Approved by the Tru5tee5 and slgned on thelr behalf bv..
Rev M Detzler
Minister
Date:

2011012024. 12..37
BBChurch Stan 001.jpg
BROADMEAD BAPTIST CHURCH
IIIDEPENDENT EXAMINER'S AEPOATTOTHETRUSTEES OV
bROAOMEAD BAPTtSTCHURCH
I report io thetru5teÈson myoAamlDHllon of the accountsof Broadmead Baptlst Churihfor Iheyear ended
31 De￿rnber 2023which are setoutOTh￿8ÈS? tfj 2a.
ftBsP0Th51bllttles andba$iioli¥port
The charftyStIU51ee53rerespon5ibleforthe preparaiknn ofthe4ccaunlsln accordance WiththE
requlrementsolthÈ£harlt1è5Art 20111'theAci'l.
I reportln ie5pettof myÈxarnlnwllonvf the Charlty's 3CtOuntscarried outundersEttToD 145vf the 2011 Act
and In ￿r￿￿nIo￿ttny￿amEn1tbn, I ha¥¢ lollDw4d alltheappllcabk olrecdons1￿en bythe ChJrfty
CDmmi5SK￿ ￿r￿erseCtI￿n 14515llbl ofthoArt_
Independeni •XamlTrir'551atem¢nt
I havecompleted rny exarnlnatilln. I confirmthat nomatErial matters havecome to my attentiDll In
connectSoD wth the exarnxn3tion whlch gives mè tau5e lo belleveiharin, anymaterlal respect..
the attounllng recordswere noikept in acrordancewlth5ECtion 130vftheCharl￿eS Aci or
the atttsunt5 did notaccord withthe accountlhE records.'or
theaccounts dld not complywith thE applicable re4u1rernentsconcernlngth￿form?Trd COnt￿t
of atwunt5SCtourinihe CharEtlÈs IACtOunisand Reportsi RegulatlfjD5 ZOP8 otherlhan 3￿Y
re4ulrernentthatthekccoUnt5 8lve4 Irueandfèli'vlEwwhith15 nLTrta mattercOn￿dered as
p&rtof an ￿deP*￿4*￿tE￿￿￿[natI0Tr.
I ha¥ertotontern5 and havecomeacross no DtheT rnatters InconnEttlonwith the exarnlnatlTrn to whlth
ttontlon should bedrawn In th15reportln order ioenèblebproperunderstandlngof the arcounts ia be
reached.
Mr PE Hud8esaPFA
IndEpepdentExamlner
74Cpttrell Hoad
Bristol B55 6TN
SIBned..
te:
htWs.'Ilmail.google.comlmaillulOl#inboX?prolecto￿1

BROADMEAD BAPTIST CHURCH
STATEMENTOF FINANCIALACTIVITIE5
For the year ended31 December2023
Restricted Unrestricted
funds
funds
2023
2022
Note
Income
Donations and legacies
Investrnent incoffle
11,703
174,527
3.529
186,230
3.529
140,153
7.179
Charitable activities
Other trading activitle5
othèr incomè
51,733
661
51,733
661
23,678
131
Totsl income
11,703
230,450
242,153
171,141
Expenditure
Expenditure on charltable actlvltles
6,549
284.383
290,932
162,672
Total expenditure
6,549
284,383
290,932
162,672
Net income I lexpendlturel before
gain5 1 Ilosse51 on investments
5,154
153,9331
148,7791
8.469
Net gain / Ilossl on investments
9,11
15,2251
15,2251
11171
Net Income / lexpendituyel before transfe
5,154
159,1581
154,(K>41
8.352
Transfers between funds
14,15
1,683
11,6831
other recogni5ed gain5 1 Ilossesl
A¢tuarial gains / Ilossesl on defined
benefit pension scheme
16
18,400
Net intome / lexpenditurel and net
movement sn funds lor the year
6,837
160.8411
154.0041
26,752
Reconciliation of funds
Total funds brought forward
13-15
6,593
694,045
700,638
673,885
Total funds carried forward
13-15
13.430
633.204
646.634
700,637
The statement of flnanclal actlvltles Includes all galns and losses recognlsed the year.
All income and expenditure relates to continuing activities.
The note5 on pages 10 to 23 form part of these accounts.

BROADMEAD BAPT15T CHURCH
charity number: 1191289
BALANCE SHEET
As ot31 December 2023
31 December 2023
31 December 2022
Note
Fixed assets
Tangible flxed assets
Investments
16,952
166.128
26,681
47,560
183,080
74,241
Current assets
Debtors
Current asset Investments
Cash at bank and in hand
io
5.529
414,130
55.547
561,117
12.923
59,227
li
475,206
633.267
Credltors
Amounts falling due within one year
12
111,6521
16,8701
Net current a55ets
463.554
626.397
Net assets excluding pension Ilablllty
646,634
700.638
Oeflned benefit pènslon
scheme liability
16
Total net a55ets
15
646.634
700,638
Charlty funds
Restricted funds
Unrestricted funds
15
14
12,430
633.204
6,593
694,045
Yotal Charlty funds
646,634
700,638
The accounts were approved by the Trustees and signed on their behalf by..
Rev M Detzler
Minister
Date..
iy
The notes on pages Ioto 23 form part of these accounts.

BROADMEAD BAPTIST CHURCH
CASH FLOW STATEMENT
For the yeor ended31 December 2023
31 December 2023
31 December 2022
Cash flow from operating activities
Net movement in funds
Adjustments for..
Depreciation of tangible fixed a55et5
Dividend income (included in investing activities)
Interest lincluded in investing activities)
Unrealised fixed asset investment Igainl / loss
Actuarial Igainsl I losses on DB pension scheme
Decrease / lincreasel in debtors
Increase / Idecreasel in creditors
154,0041
26,753
9,729
13,476
1531
6,432
9,728
13871
16,7921
11,5831
118,4001
15,9261
6,270
555,588
4,782
573,002
117,0901
Net cash inflow I loutflowl from operating activities
518,998
9,663
Cash flows from investing artivities
Purchase of tangible fixed assets
Purchase of investments
Proceeds from sale of investments
Dividend income
Interest received
1125,0001
130,0001
3,476
53
387
6,792
Net cash inflow I loutflowl from investing activities
1121,4711
122,8211
Net change in cash and cash equlvalents
397,527
113,1581
Cash and cash equivalents at the start of the year
72,150
85,308
Cash and cash equivalent5 at the end of the year
469,677
72,150
Analysis of cash and cash equivalents
start of
the year
End of
the year
Cash flow
Current asset investments
12,923
59,227
401,207
13,6801
414,130
55,547
Cash at bank and in h4nd
72,150
397,527
469,677
The notes on paBes 10 to 23 form part of these accounts.

BROADMEAD BAPTIST CHURCH
NOTES TO THE ACCOUNTS
For the yeor ended 31 December 2023
Accounting policies
1.1 Ba515 of accountlng
The accounts have been prepared in accordance with the Charities Statement of Recommended
Practice (Charities SORP 20211, the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021 and the Charities Act 2011.
Broadmead Baptist Church is a registered charity, no. 1191289 and meets the definition of a
public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost
or transaction value unle55 Otherwise stated in the relevant accounting policy notes.
These accounts present the financial activity of the Church for the year ended 31 December
2023 and the balance sheet of the Church as at that date. The comparative period relates to the
vear ended 31 December 2022.
The presentation currency of these accounts is Sterling 1£) and the accounts are rounded to the
nearest £.
1.2 Income recognition
All incoming resources are included in the Statement of Financial Activities when the Charity is
legally entitled to the income after any performance conditions have been met, the amount can
be measured reliably and it is probable that the income will be received.
1.3 Donations and legacies
Donations are accounted for gross when received. Legacies are accounted for when probate has
been completed, the amount of the legacy can be reliably quantified and the conditions of the
legacy are within the control of the Church.
1.4 Investment Income
Investrnent income is included in the accounts in the year in which it is receivable.
1.5 EJ(penditure recognition
All expenditure is accounted for on an accruals basis. Expenditure is recognised where there is a
legal or constructive obligation to make payments to third parties. it is probable that settlement
will be required and the amount of the obligation can be measured reliablv.
1.6 Costs of raising funds
The church does not make formal appeals for funds, and expenditure on these items is therefore
not material.

BROADMEAD BAPTIST CHURCH
NOTES TO THE ACCOUNTS
For the year ended 31 December 2023
Accounting pollcle5 Icontlnued)
1.7 Expenditure on charitable activities
Direct charitable expenditure compri5e5 ministry-related and mission-related costs and premises
and administrative costs that are incurred in order to support the Church'5 charitable objectives
and activities. Governance costs relate directly to the costs of the Church fulfilling its
governance responsibilities.
Many of the Church's activities, including its management, are carried out without charge bv
voILJnteers. Thi5 intangible cost is not included in the Statement of Financial Activities since
there is no me&surable c05t to the volunteers for their service.
1.8 Tanglble fixed assets
Tangible fixed assets are capitalised If they can be used for more than one year and cost at least
£1,000. They are initially recognised at cost. Depreciation is provided on all fixed a55et5 to write
off the cost on a straight-line basis over their expected useful life, at the following rates..
Audio Visual and Computer equipment
Kitcherh Fittings and equiprnent
5 yeaTS
5 years
The Church occupies premises at I Whippington Court, Bristol, which are held by a separate
trust, Broadmead Chapel Trust.
1.9 Investments
Investments are initially stated at cost. Subsequently they are measured at fair value with
changes recogni5ed in the Statement of Financial Activities if the shares are publicly traded or
their fair value can otherwise be rneasured reliablv.
1.10 Funds
Unrestricted fund5 are available for use at the discretion of the Trustees in furtherance of the
general objectives of the ChLJrch and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for
specific purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed
by donors or which have been raised by the Church for specific purposes.

BROADMEAD BAPTIST CHURCH
NOTES TOTHE ACCOUNTS
For the year ended 31 December2023
Accounting policle5 Icontinuedl
1.11 Employee benefits
ThÈ Church operates a defined contrlbution plan for Its employees. A defined contribution plan
is a pension plEn under whl¢h thÈ Church pays fixed contributions into a separate entlty. Once
the contributions have been paid the Church has no further payments obligations. The
contributions are recognised as an expense when they are due. Amount5 not p6ld are shown in
accruals in the bBlance5 sheet. The assets of the plan are held separately from the Church In an
independently adtnlnistered fund.
Prior to 2012 penslon provision was made through multi-ernployer defined benefit pension
plans. WherÈ it is not possible for the Church to obtaln 5uflirlent information to en3ble it to
account for a plan as a defined benefit plan, It accounts for the plan as a dèfined contribution
plan.
Where the plan is in deficit and where the church has agreed, with the plan, to particSpate In a
deficit funding arrangement, the Church recognises a liability for its obllgatlon. The amount
recognised is the net present value of the contributions payable under the agreement that
relate to the deficit, The unwinding of the discount is recogni5ed as a finance cost 3nd any other
charges in the measurement of this liability is expensed to the Statement of Fln8ncial Activities.
Donations and legacies
Restricted Unrestricted
funds
funds
2023
2022
Donations and gifts
11,703
174,527
186,230
140.153
In the year ended 31 December 2022 Income of £137,440 was attributable to unrestrlcted funds and
£2,713 was attrlbutable to restricted funds.
Investment income
Restricted Unrestricted
funds
fund5
2023
2022
DividÈnd Income
3,476
53
3,476
53
387
Interest retelved
6,792
3.529
3,529
7,179
In the year ended 31 December 2022 Income of £7,179 was attributable to unrestricted funds.

BROADMEAD BAPTIST CHURCH
NOTES TO THE ACCOUNTS
For the year ended 31 December2023
other tradin£ attivities
Restricted Unrestricted
funds
funds
2023
2022
Income from prem15es ioorn hlre
51.733
51.733
23,678
In thÈ Veal ended 31 December 2022 income of £23,768 was attrlbutable to unrestricted funds.
other income
Restricted Unrestricted
funds
fund5
2023
2022
Other incorne
661
661
131
661
661
131
In the year ended 31 December 2022 income of £131 was attributable to unrestricted funds.
Expenditure on charitable activities
Restrirted Unrestricted
fulld5
funds
2023
2022
Dirert charltable expenditure
Governance costs
6.549
282,903
1.480
289,452
1,480
161,892
780
6,549
284,383
290,932
162,672
In the year ended 31 DecèmbÈr 2022 expenditure of £160,391 was attributable to unrestrlcted funds
and £2,281 was attributablÈ to restricted funds.

BROADMEAD BAPTIST CHURCH
NOTES TOTHE ACCOUNTS
For the year ended 31 December 2023
Expenditure on charitable artivities Icontinuedl
al Analysis of direct tharitable expenditure
Restrirted
funds
General Designated
lund
funds
2023
2022
Ministry..
Church staff costs
149,841
149,841
9),235
2,327
1,911
1.799
1.163
326
DB penslon 5chetne cost5
Childrens, minkStry
Evangelism tnini5try
HOSp￿alItY caterin8
Mens, and Womens, mlnlstry
Pastoral care support
Pulpit Supply and 5ervlce tosts
596
596
272
272
1.691
691
1,691
691
2.030
113
2,143
1,218
156.452
1.285
650
1,218
154.422
2.030
99,696
MIs510n.'
Ollect mlsslonary support
BMS Woild Mlsslon support
Home Misslon support
Training Training Fund5
Other mi55ion Support
1,932
4.396
4,324
4,324
6,328
4,324
4,324
2,587
683
10.642
3,084
3,069
2,587
683
140
4,519
13,727
18,246
16,935
Premises and Administration:
Building Refurbi5htnent
Bank charge5
Book5 and materia15 COSt5
72,000
105
72,CQO
105
60
1.165
3.481
1.230
9.729
1,962
599
1,165
3,481
1,230
9,729
1,962
599
Cleaning cost5
Contract Se￿i(e5
6,657
1.133
9.728
2.290
896
Depieclatlon
Equlptnent purchase5
Flat expen5e5
Mlstellafieous expenditure
Muslc and sound costs
980
329
169
169
529
Offlte Supplies
OiÉan malnten8nce
Printing and pl)otocopy
5ubscription5 and1Scence5
Training costs
1.950
1,95D
151
216
752
752
87
2,(￿5
3,020
13,148
4,126
45,261
2,228
1,070
16,863
471
2,228
1,070
16,863
471
Website & advertising costs
114,754
114,754
6,549
282.903
289,452
161,892

BROADMEAD BAPTIST CHURCH
NOTES TO THE ACCOUNTS
For the yet7r ended 31 December 2023
ExpendSture on ¢harltable a¢tlvltles lcontlnuedl
In the year ended 31 December 2022 dlrect charltable Èxpenditure of £159,611 was attributable to
unrestricted funds and £2,281 was attributable to restricted fund5.
bl Analysis of governance c05t5
Restricted
funds
General
fund
2023
2022
Independent examSner's fee
Professional fees
3(M)
1,180
300
1,180
300
59
1,480
1.480
359
In the year ended 31 December 2022 governance costs of £780 was attributable to unrestricted
funds.
Net income for the year1$ stated after charglngl Icreditlngl:
2023
2022
Depreclatlon
Independent examlner's fee
9,728
9,728
3(XJ
Church staff costs and trustee remuneration and expenses
Staff costs during the year were as follows..
2023
2022
109.856
62,751
Soclal 5e¢urlty costs
Pension costs
19,939
20.046
9,040
J8,444
Other costs
149,841
90,235
No ernployee re¢eived employee benefits In excess of £60,0(M) p.a, during the year.
The Mlnlster and Assoclate Mlnlster are Trustees. They eath recefved remuneration of £29,735 and
£29,507 respectively, and other benefits in respect of their services, including the provision of rnan5e
accornmodation rented by the Church from each of thern.

BROADMEAD BAPTIST CHURCH
NOTES TO THE ACCOUNTS
For the yeur ended 31 December2023
Church Staff c05t5 and trustee remuneration and expenses Icontinuedl
No Trustee received any remuneration from the Churth for their servi￿$ as a triJ5tee during the year
neither were they reimbursed any Tfustee expenses during the year.
Total aggregate remuneration paid to key management personnel during the year was £72,283.
The average monthly number of employees during the period was as follows..
2023
2022
No.
Pastoral and administrative staff
In addition to it5 employees, the Church gratefully received voluntary help from members of Broadmead
Baptist Church.
Tangible fixed assets
Audlo Vlsual
Kltchen
& Computer
equlpm2nt
Flttlngs &
Bqulprnent
Total
Cost
At l January 2023
41,923
6,723
48,646
At 31 December 2023
41,923
6,723
48,646
Depreciatlon
At l January 2023
Charge in the year
20,333
8,384
1,632
1,345
21,965
9,729
At 31 December 2023
28,717
2,977
31,694
Net book value
At 31 Decetnber 2023
13,206
3,746
16,952
At 31 December 2022
21,590
5,091
26,681
All of the fixed assets are used for direct charitable purposes.

BROADMEAD BAPTIST CHURCH
NOTES TO THE ACCOUNTS
For the year ended 310ecember 2023
Fixed A55et Investments
2023
2022
Market value
At l January
Additions
47,560
125,LKIO
16,4321
15.977
30.000
1,583
Revaluatlon gain / Ilossl
At 31 December
166.128
47,560
The Church's fixed asset inve5tThents comprlse listed investment funds that are Marnag￿ by Ruffer
It)vestment Company Limited.
10. Debtors
2023
2022
other debtor5
1.150
7.536
13,1571
24
9,676
551,417
GiftAid recelvable
Amount receiwable from West of England 8aptistTrust Company Ltd
5,529
561,117
11. Current Asset Investments
The market valuatlon of the investments held by the Church relating to the Redcross Street Burial
Ground Fund For Broadmead Baptist Chapel and the Monles reteived from the Sale of the Manse
Deposit Fund were as follows..
2023
2022
Market value
At l January
Addltlons
12,923
4CK),CQO
1207
14,622
Revaluatlon galn I Ilossl
11,6991
At 31 December
414.130
12,923
The Church's current asset Investments are Income units held in a COIF Investment Fund that is
managed by CCLA Investment Management Limited.

BROADMEAD BAPTIST CHURCH
NOTES TO THE ACCOUNTS
For rhe yeorended 31 December2023
12. Credltor5'. Amount5 f&lllng due wsthln onÈ year
2023
2022
Othercreditor5
Accrua15
2,105
9,547
6,870
11,652
6,870
la. Analysls of movements In restrlcted funds
Year ended 31 December Z023'.
Brought
forward
Incomlns
re50urce5
Resour¢e5
eXpend￿d
Tran5fer5
In I loutl
Carrled
lo￿ard
Broadme3d m￿s1on Fund
1,932
J,458
8,674
11,9321
1,458
6,087
4,661
1.571
12,0301
1,683
5,835
Restrlcted funds
6,593
11.703
IS.5491
1.683
13,430
Ypar éDded al DeEember2022'.
8¥ou8ht
forward
Incomln8
resources
Resources
Transfers
Carrled
expended
forward
Broadmead miss￿￿ Fund
370
2.370
18081
1,932
Mi55ionaiy Care Fund
188
3,988
343
1.615
4.661
Restrictedfund5
4,546
2,713
1,615
6,593
De5¢rlptlon of restrlcted funds
Bioadrnead Miss￿)n Fund
Th￿ fund ielète5 togift5 and dDnat10Tr5 8iVen in 5upporlof BMSW¢rld ML4sh)n, the Bapiist
Union Home Mi55ion Fund and Other[n￿SK)n SUPPDrt.
Thksfund IElète5 to￿￿5 and doNiions ihat ale re¢¢lved foi theChu￿b,5 diiectly
This lund relatos to gifts and donatlOllS that are received for theChuich'5 diiect
mlssbnarles ihAf aF¢ piomoted by theYrustee5.
Pastoral Care Fund
Thi5funda5515ts wth pa5tDFal nEed5 DI membtls and aitendees ol thechurch.

BROADMEAD BAPTIST CHURCH
NOTESTOTHE ACCOUNTS
For the ye¢7r ended31 December2023
14. Analysis of movements Irb unre$trl¢ted funds
Year ended 31 December 2023-.
Brotsght
forward
In¢omlng
r•sou1£¢5
Resources
expended
Tr3nsfers
Galnsl
Carried
In I loutl
forward
Deslgnated funds
G￿￿￿[￿5 fvnd
543,354
150,691
172,CK)01
1212.3831
471,354
161,850
230.450
11,6831
15,2251
UnT￿tricted fund5
694,045
230,450
1284,3831
11,6831
15,2251
633,204
Designated fund5 COtnpri5ed the followlng..
Brought
lorw3rd
Itb¢omlnE
resources
Resouite$
Tran$fers
In I lout)
Carrled
forward
expended
Manse Property Fund
543,354
172,0001
471.354
D￿lATh8ted funds
543.354
172,MOI
471,354
Year ended 31 Decernber 2022..
Transférr¥d
to the CIO
Incomln¥
resource5
ResouYce5
Transfers
Galns I
Carrled
forward
expended
Desl8Thated funds
Geneial fund
543,354
125,985
543,354
150,691
168,428
1160,3911
11,6151
18,284
Unre5trjc*ed fund5
669,339
168,428
160,3911
11,6151
18,284
694.045
Designated fund5 tomprlsed the following..
Transferred
to the CIO
l#¢omlng
resources
Re$our¢es
Transfers
In I lout)
Carrl
forward
expended
Manse Properly Fund
543,354
543.354
Designated funds
543,354
543,354

BROADMEAD BAPTIST CHURCH
NOTES TO THEACCOUNTS
For the yeor ended 31 December 2023
14. Analys15 of movements In unrestrlcted funds Icontlnuedl
Descrlptlon of deslEnated funds
Manse Property Fund
Thls fund relates to the proceeds the Church recelvÈd from thesale of Its
manse property, which are desigaated to bè Used for the purchase of an
alternative rnan5e property in due course.
15. Analysls ol nel assets between funds
Restrictsd Unr05trtcted
lunds
funds
2023
2022
FSxed Asset5
16,952
166,128
5,529
414,130
42,117
111.6521
16.952
166,128
5.529
414,130
55,547
111.6521
26,681
47,560
561,117
12,923
52,634
16,8701
Investment5
Debtors
Current a55et Investments
Cash at bank and In hand
Credltors due within one year
Defined beneflt pension scheme liablllty
13,430
13.430
633,204
646,634
694,045
16. Penslons
Baptlst Penslon Scheme
The Church 15 a participating employer In the Baptist Pension Scheme I the BPS"), whlch is a separate legal
entity adminlstered by the Penslon Trustee (Baptist Pension Trust Lirnltedl. The assets of the BPS are held
separately from those of the Employer and the other partlcip4ting etnployers.
The BPS. prevlously known 35 the Baptist Minister5, Penslon Fund, started in 1925, but was closed to future
4ccrval of deflned benefits on 31 December 2011. Prior to thls date the main benefit provided through th@
Deflned Benefit IOBI Plan was a pension of one elghtièth of final minimum pensionable incorne for Each
year of pensionable service together wlth addltlonal pension in respect of premium5 pald on Pensionable
Income in excess of Minimurn Pen51onable Income.
From January 2012. penslon piovlsion is belng made through the Defined Contrfbutlon (DCI Plan wlthin the
8PS. In general, member5 pay 8% of thelr Pensionable Income and ernployers pay 6% of members.
Pensionable Income Into indlvldual pension accounts, which are operated and managed on behalf of the
Pension Trustee by Broadstone Corporate Benefit5 Ltd. In additlon, the employer pays a further 4% of
Pensionable Income to cover Death in Service Benefits, adtnlnlstr8tion costs, and an associated insurance
policy whlch provides income protection lor BPS members if they are unable to work due to lons-terrp
Incapacity.

BROADMEAD BAPTIST CHURCH
NOTES TO THE ACCOUNTS
For the year ended 31 December2023
16. Pension5 Icontinuedl
This incorne protection policy has been insured by the Bapt15t Union of Great Britain with Aviva Limited.
Members of the 8asic Section pay reduced contributions of 5% of Pensionable Income, and their
employers also pay a total of 5%.
The BPS is considered to be a multi-employer scheme as described in Section 28 of FR5102. Because it
is not possible to attribute the BPS'S assets and liabilities to specific employers, the scheme is accounted
for as if the BPS were a defined contribution scheme,
The Minister and some members of church staff are eligible to join the BPS.
Actuarial valut7tion t75 ut 31 December2019
A forrnal valuation of the DB Plan as at 31 December 2019 was carlled out by a professionally qualified
Actuary using the Projected Unit Method. At the valuation date the market value of the DB Plan assets
was £298m, whilst the level of assets needed to pay benefits was £316m, giving a deficit of £18m
(equivalent to a past service funding level of 94°Al. The Church and other participating employers in the
DB Plan are collectively re5pon5ible for funding this deficit.
The key financial assumptions underlying the valuation were as follows..
Type ofossumptlon
RPI price inflatlon assumption
CPI price inflation a55UmPtlon
Minimum Pensionable Income Increase Adjustment (above CPI)
Pre-retlrement assumed investment returns18ilt yield plus 1.75% pal
Pre-retirement assumed investment returns lincluding benefits matched by the
insurance policy) (gilt yield plu5 0.5% pal
%p.o.
3.20
2.70
o.so
2.95
1.70
Minimum Pensionable Income Increases ICPI plus O.5%1
Deferred pension increase5 Ibased on RPII
Pre Aprll 2009
P05t Aprll 2009
Pension incre4ses
Based on CPI with an annual floor of 0% and annual cap of 5%
3.20
3.20
2.50
2.70
Mortality is assumed in accordance with 80% of the S3NA standard mortality table. Future
improvements projected from 2013 in line with the"CMI 2019" projection with a long-term rate of
improvement of 1.75% p.a. for male5 and 1.5% p.a. for females with the core smoothing parameter and
with additional initial mortality improvement factor A-0.5%.
The next actuarial valuation of the DB Plan within the BPS will commence in 2023 to reflect the position
as at 31 December 2022.

BROADMEAD BAPTIST CHURCH
NOTESTOTHE ACCOUNTS
For the yeor ended31 December2023
16. Penslons Icontlnuedl
RecoveryPlon
In addition to the contrlbutlons to the DC Plan set out èbove, where a valuation of the OB Plan reveals a
deflclt the Trustee 8nd Council agree to a rate of deliaency contributions from churches and other Èmployers
Involved in the DB Plan. Following the 20J9 valuation a Recovery Plan was slgned In September 2020 under
which deficiency contributions are payable untll June 2026. These contributions were broadly based on the
employer'5 rnember5hlp at 31 December 2014 and increase annually in line with Incre4se5 to Mlnimum
PÈnslonèble Intome as defined in the Rule5.
On 30 June 2022 the Baptlst Penslon Scheme signed an 8greement with the insurance cofflpany Just Group
'Just I to secure DB Plan members, pension benefits, Just are now providing flnantl81 backing for all
pensions provided through the BPS'S DB Plan Hnd followlng thls transactlon, thè BPS no longer has a shortfall.
An updated Recovery Plan wa5 then slgnÈd In August 2022 under which recovery contribution5 frorn each
partlclpatlng employer In the DB Plan reduced to £1 per month from August 2022.
Movement In Bolunce Sheet liobilitv
Sectlon 28.IIA of FRS102 requires agreed deficit recovery payment5 to be recognlsed as a Ilablllty. The
movement in the provision is Set out the table below..
2023
2022
Balance sheet liability at start of peiiod
Minus deficiency contrlbuiions pald
Interest cost Irecognised in the Staternent of Flnanclal Acrivltlesl
Remaining changeto balante sheet Ilablllty Irecogni5ed in the statement of
18,4tK)
12.3271
345
116,4181
Balancesheet Ilablllly at end of period
Comprises any chan8e in agrEÈd defSclt recovery plan and change in a5sumptioDs between year-end5.
Thls liability represents the present value of the deflclt contrlbutlons agre&d as at the accounting date and
has been valued uslng the follDwlng assumptions set by reference to the duration of the deflclt recovery
payments..
31 December
2023
31 Detembèr
2022
Discount rate
5.7%
2.0%
4.1%
Future increases to Minitnutn Penslonable Income
Defined penslon contrlbutlons
The Church makes defined pension contrlbutlons on behalf of ellglble employees. The assets of the scheme
are administered by an Independent pensions provider. Pension payments. recognised as charltable
pxpendlture wlthln Churth staff costs during the period, amounted to £9,040.

BROADMEAD BAPTIST CHURCH
NOTES TO THE ACCOUNTS
For the year ended31 December 2023
17. Related charities
Broadmead Baptist Church 15 a member of the Baptist Union of Great Britain (Baptist Union) and the
West of England Baptist Network Iwebnetl. During the period the Church made payments to West of
England Baptist Payroll Cornpany Limited la subsidiary of webnetl in relation to its Church staff costs
as summarised in Note 8 to these account5. During the period the Church also made donations to the
Baptist Union Home Mission fund and to the BMS World Mission fund, which are managed by webnet
on behalf of the Baptist Union of Great Britain.
The Church occupies premises at I Whippington Court, Bristol, which are held by a separate trust,
Broadmead Chapel Trust. In the prior financial period, as recorded in Note 10, the proceeds from the
sale of the Church's manse property were held by West of England Baptist Trust Company Ltd, a
charity which operates as custodian trustees of property and investments owned by individual Bapt15t
churches that are members of the Baptist Union Of Great Britain (Baptist Union). In the the year to 31
Decernber 2023 the ftjnds were received from the West of England Baptist Trust Company Ltd and are
no held In the COIF Deposit Account.