Peckham Park Road Baptist Church
Registered Charity Number: 1194671
ANNUAL REPORT AND ACCOUNTS
FOR THE YEAR ENDED
31st MARCH 2022

Peckham Park Road Baptist Church
Content$ of the Financial Statemgnls for the Year Ended 31 Mareh 2022
Page
Report of the Tru5ts8s
Indèpèndènt Examinerfs Report
StB16mènt of Flnancial Activities
Balance Sheet
Notès to the Financial Slat&ments

Peckham Park Road Baptist Church
Trustee's. Report
For the year ended 31st March 2022
The Trus18e5 presanl their annual report togelhor with th8 financial slalemenls of Peckham Park Road Baptist
Church for thè ￿3T onded 31 MarGh 2022.
Th¢ Trustees conflrm that the Annual report 2nd financlal slat9ments of the charity comply with the Current
statutory requlrèmenls. the requiremènts Df the chaTills governing docum8nt and the provlslons ol th
Statement of Recommended Practieè Charities FRS 102 ISORPI Accounting and Reporting by Charities-
Ch8rily Name.. Peckham Park Road Baptist Church
Charity registr8tion number: 1194671
Reglsl8red offlce.. Peckham Park Road Baptist, 121 Peckham Park Road. London, SE15 6SX
Board of Trustees:
The Irustees in offic8 during the year were as follow5-
Reverend Ann Luther (Chairl
Adelodun Adetunll
Andrew 8imon Webber
Abiodun Opar8
Hort9nse Donaldson
Accountsnt$:
Moore Kingston Smith LLP. OTbilal House. 20 Easlorn Road. Romford RM13PJ
Objectives of thg charlty
The princlpal purposes of Peckham Park Road Bapliyt Churoh IPPRBCI are:_
The advancgmont of the Christian f8lth according to the prlnciples of tha Baptist denomination.
The Church may also advance educatlon and carry out other charitable purposes in the Unlled Klngdorn andlor
other part$ of th8 world.
R8vl&w of Progress
Durtng this year the Churoh continued lo run a regular programmé of weekly worship services and prsyer and
study groups which aro open lo everyone. Our Sunday moming congregation has conlinued lo r8eov8r following
th6 impact of the pandemic. The earfy p&rt of of Ihe year gaw eovid reslriclions being eased and people
beginning to regabn confidence1n meeting together agaln. Our hospilalily team were abl8 to host several meals
together for th8 Church community. For people who had been eating alone durtng covld times these w8re a rèal
encouragam8nl.
Al prosent there are 60 mambers on th8 ChLErch foll. Through this year we were pleased lo baplls8 3 people
and hold the marrlagè service of 1 couple. while 2 new mémbers were added to the Church membership. We
sadly lost m8mber through death.
Page 1

Peckham Park Road Baptist Church
Trustee's. Report
For the year ended 31st March 2022
R•vlew of Progress cont.
Support is provtded lo mernbers 8nd olhers through keeping in regular oontacl by phDna and also through
visit8tK)n, both in peoplg's homes and. as reslrictions have allowed, in hospitals. The pandemlc has left a legacy
of lear. Isolation and uncBrtainty and through our pastoral care team and the Phonelin& we hav@ bèen working
lo bring r88ssurance and rocovery of confKJénca.
Our mldwoek work with children and youth has contlnued throughout th& year. staffed by our Chlldren and youth
learn. A numbgr of our childrèn arè the sole child w a lamily and the provision of a weekly Kidsclub provlded
Important regular Social interaction.
We have continued to explore the pDl&ntl81 development of our premises, in partnership ￿th the London Baptist
Assoclalion. SeverBI posslble designs havg been considered and the prDjecl is ongoing.
On 3rd June PPRBC was regisleied with the Charity Commisslon and recèSved a regislered tharSty number.
Revi8w of Financlal Position
Thè total receipts on unrestricted funds was £63.175, This includès both Church offerings and rental incomes
from user gr￿Jp$. Rgslricted donations of 6,470 were 8lso received 8nd are detailed Sn tho fln8nc(al statement.
The Glft Ald ￿ceiVed showed an increase from the previous yfyar.
Th8 Church received a grant of£3,000 from the LondonBaplisl Association lo fLtnd a comtnvnily phonellne.
This project went live In November following a lime of prèparation and Ifaining ol the vdunt88r team. The cost
lolall6d £3,432 Invol￿n9 the Church in making a donalion to cover the differencg.
£29,372 was spent on salaries which for part of the ye8r In¢lud8d the part-limo Church admini51ralor who left al
the end of 2021.
The nel result for the year was an 6xc8ss of expenditure over recelpts 01 £2.746.
statament of Publle Baneflt
The Chuwh premises continuèd lo be avallable lo the various community groups whlch stayed open throughout
the pandemSc. Th8 foodbanks and Asylum Seekers Day Centr8 both adapted the delivery of their servlces to be
able to continu6 to function and mè@t the needs of v8ry vulnerab16 pÉoplÉ while accomtnodaling reslriclions.
Wg are sSlualed in an area where there is a growing 8mount of property development to the delrimenl of the
Ioc81 n9ighbourhood. Cornmunity spa¢& Is dgcreasing and we have re¢8nlly been able to offèr space to several
local eornmunity groups al affordable rants. Thesg Include a music schoot and a children's drama group
Our own activities are open to all OUT community. They include a women's centre. Kidsclub. an annual sèsside
coach trip and holiday youth projects. A Comrnunity Phoneline was also e$t8blished with a lo providing
local people who had been shul during lockdown to speak with a frlendly voice.
Pag8 2

Peckham Park Road Baptist Church
Trustee's. Report
For the year ended 31st March 2022
ReseTvey Pollcy
It 18 Church policy lo carry maintsin savings which would cover 3 months of th6 Church continuing to opèrate.
Th18 amount of £5,550 In the Investment fund did not maat this target
The building fund has continued lo provide oosts for small areas of rnaintenance and has also patd towards the
Surveyors fees for the proposed dev&lopm8nt of the Church pretnises.
Futurè Dfrvolopments
We are contlnulng lo look al ways of dèvèloping the mlnlslry of the Church, especlally wllh a vlow lo connecttng
more eff&¢tlv&ly vAth young adults.
We are a150 exploring the possibility of brlnging some other small Baptist Churches in Peckharn togelh8r. One
such Chutch has closed bul there are 3 Dthers in dose proximity. all of whom havè sm811 congregations. We
are hostlng a meeting with them and the London Baptlsl Assoclatlon in att8ndan¢8 lo look at a more effective
way forward.
statomont of Trusts8s' Responslbilitlets
The Trustees are responsible for preparSng the Trustees, Re￿rt and the f1nancial 81alemenls in accDTdance
with applicable law and United Klngdom Accounting Standards Iuntied Kingdom Generally Accepted
Accounting Practice).
Tha law applicable lo charities in England and Walfis requires the Trustees to prepare financi81 stslemenls for
each financial year which glv& a true and f8ir vièw of the slate of affair8 of the Charity and of the incoming
resources and appliGatlon of resourc85 for that period.
In preparing those financial stal8m@nls the TrLSsleps arg requirad to..
Select suitable a¢counllng pDlicies and then apply them consisl8nlly,'
Observe the methods and principlos in Ihe Charltles SORP.,
Make judgmènts and esllmales that aTe reasonable and prudent..
Preparè thÈ fin3nciaS slalemonls on 8 going concem basis unless il is inappropriaté tr) presume Ihal the
charity wlll contlnue in business.
The Trustees are responsible for keeping prop8r accounting records thal disc105e with r88sonable accuracy at
any lime the financlal position of thè ch8rlly and lo enable Ih8tn tr) ensure the financi81 stal6ments comply wlth
th8 Charities Act 2011. the Chalitlès SORP and the provisions of Ihe trust deèds. They are also responslble for
S8f8guarding the assets of thè Charity and h8nce for taking reasonable stèps for the prevention and detection
of fraud and other iTregularitiès.
Th15 report has been approved bythe Exgcutive Commlttee and siynod on Ihelr behalf
Dale..
13-11-2L
RÉv8rend Ann Luther
Chair and Reverend
Pag8 3

Independent Examiner's Report to the Trustees of
Peckham Park Road Baptist Church
For the year ended 31 st March 2022
I report lo the trustees on my examlnallon of the accounts of P&ckham Park Road Baptlsl Church for Ihe yeo1
endgd 31 March 2022.
Responslbilities and basls of report
As the charity trustees of the Trust you are responsiblg for the preparation of the accoLEnls in accordance wllh
the requirements ol the Charities Act 2011 I'thè Acl'l.
I report in r8specl ol my examinallon of the Trust's accounts carried out under sèction 145 of the 2011 Acl and
in Carr￿ng out my examination I have followed all the appllcablg Directions given by the Charity Commlssion
under secllon 14515llbl af the Act.
Indèpgndent examlner's stat9ment
have cornpleted my exatninallon. I confflrm that no mallers have ooms lo my attantlon In connecllon wllh th6
examination giving me eause lo believe..
accounting records were nol kept In rgspecl of the Trust as required by section 130 of the Act,. or
the aocounls do not accord with those records.
the accounts do not comply with the applicable requirem6nts concerning the forffl and conlenl of accounlg
S81 out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the
accounts give a 'tru8 and fair view whlch Is not a matter considored as part of an Indgpen(Senl
8xamlngbon.
I have no collcerns and hav& come across no other mallers in CDnnecllon with Ihg examlnalion lo which
attention should b8 drawn in this raport in order to enabl@ 8 proper L¢nderstandirtg of the accounls lo be
ached.
Karen Wardell
Partner. Moore Klngston Smlth LLP
For and on bÉh8lf of Moore l(ngslon Smllh LLP
Chartered A¢cgurTrtants
Dale.. 14 DecÈmbÈr 2022
Orbital House
20 Eastern Road
Romford
RM1 3PJ
Page 4

Peckham Park Road Baptist Church
Statement of Financial Activities
For the year ended 31st March 2022
R•$trlct¢d
Funds
2022
UnTestrfct8d
Funds
2022
Total
Funds
2022
Total
Funds
2021
Notes
Incom8 from:
Donations and grants
6,449
45,255
51,704
45.622
Other Incom6
20
17,919
17,939
14,740
Inv&slmgnl Income recgived
38
Total
6,470
63,174
69,644
60.400
endlturo on:
Raising funds
Charitable activities
3.432
68,958
72,390
62.091
Total
3.432
68,956
72,390
62,091
Net Incomol{•xpendlture)
3,038
{5,784)
12.7461
11,6911
Transfers befvleen funds
othgr recognispd gainslllossesl:
Actuarial Ilossgsygdins on defin8d
benefit penslon schgmes
115,700)
115,7001
Net movements in funds
3,038
{21,484}
118,4461
11,6911
Reconciliation of fLEnds:
Fund balanc8 at l April 2021
Fund balance al 31 March 2022
2,197
5.235
10,220
11,264
12.417
6,029
14,108
12,417
10
The notos on pages 7 to 11 form part of these financial 8lal8m8nts.
All ineoming resources and resources expended dèrlv8 from continuing aclivitiBs.
There ar8 no recognlsed gains or Ioss9$ Othèr than the surplus for Ihe ￿ar.
A separate Income and Exp&ndltvre Accounl has not baèn prapared as It would not malerla15y differ from the
SlatemBnl of Financial AclivitiEs.
Page S

Peckham Park Road Baptist Church
Balance sheet
As at 31st March 2022
2022
2021
Notes
Flxed Assets
1,790.000
1.790,￿0
Current Assets
Debtors
Cash al bank
222
15.228
1.805.450
11,840
1,801.840
Current Llabllltles
Creditors.. amourEts falling due
w[￿In one year
2,169
13.0331
Net ass•ts èxeluding penslon liablllty
1,799,fj71
1,786,967
Defined benefit pgnsion
scheme liabillty
115,7001
Net assets
1783 971
1802417
Represent8d by-
UnreslrlctÉd fullds
R8valuation rÉsgrve
Pension reserva
Restricted funds
10
4,436
1,790,000
115.7001
5.235
2,197
1.790,000
10
10
10,220
Total funds
1783 971
1802417
The Annual R6port and Accounts were approved for issue by the Executive Committèè and signed on their
behalf by..
Date:
Rev Ann Lulher
Chair and Reverend
The notes on pages 7 10 13 form part ol these fin8nclal statements.
Pagè 6

Peckham Park Road Baptist Church
Notes to the Financial Statements
For the year ended 31st March 2022
Aecounting Poll¢les
Charlty Informatlon
Registered office.. Peckham Park Road Baplist, 121 Peckham Park Road, London, SE15 6SX
Basls of praparatlon
These Ilnancial slalements are prepared on a going concèm basis, under the historical cost
convention modlfied for th8 revaluation of Ilsled investmènts and certain pioporty assets which ale
accounted for at market value.
The financial statements have been prepared1n accordance with Section 1A of FRS 102"The
Financial Reporting Stsndard applicable in thè UK and Republio tsf Ireland" I'FRS 102.1, including
update Bulletin 2. The Charity is a public bènèfit entity for the purposes of FRS 102 and Ihergfor9
thè charity also prep8red its financi81 statements in accordance with the Stalemenl of
Recommended Practice applicablÈ to charities preparlng their accounts Sn accordance with thè
Financial Reportlng Standard appllcable in the UK and Republic of Irtrland IThe FRS 102 Charities
SORPI, and the Charities Act 2011.
The flnanclal slalements arè prepared irTr sterling, which is thè functional currency of the charity.
Moneiary amounts in thase financial slalemEnts are roundèd to the nearest pound.
Golng con¢èm
The trustees have assessed wh8lher the use of the golng concem basis is gppropriate and have
considered posslble events or condllions that Tllighl c8St signiflcant doubl on the ability of th8
charitable entity to continu& as a golng conc8m. Th8 trustees have made this assessment for
P8riod of St least one ￿&r from the dale of approval of the financial stalernents. In making Ihls
a88essment the Iruslees have considered tha impact of Covid 19 and. as set OLJt in the Iruslees
report whilst som8 income lines are 8ffeeted they are partly mlligated by antlClP8ted costs savings. In
particular the Iruslees have considerèd the Gharilabl6 enlitls forern51s and projections and have
taken account of pressuTgS on donation and Inv8slment Income. Aftèr making enquirlos thè trustees
have concluded that IheTe is a raasonable expeclÈtlon that the charitable entity has adèquate
resources to continue in opèrational exislencg for the forese8abl& future and Ihgr8 arè no materlal
uncertalnties. The Irustèes Iherefore continues to adopt tho going concern basls In preparing1ts
financial statemènts.
Funds
Unreslricled funds represent the funds of the Irusteos that are not subléct to any restriction3
regardlng thèir use and arg avallable for application on the genar81 purposes of the charlty.
The reslricled funds can only be sP8nt on the purpos8 for which they were glv8n.
The accounts include all transactions, assets and liabilities for which the trustees is ￿SpOnSIble in
law. They do not includ8 the accounts of church groups that owe their main afliliatton lo another
body or those that are infomial galh8rings ol church m9mbers.
Page 7

Peckham Park Road Baptist Church
Notes to the Financial Statements
For the year ended 31st March 2022
Inctsrne
All income is included in the Statement Df fin8nci81 activities when the charity is entitlèd lo recewe the
Inoome and the amount can be quantified with ieasonable accuracy. Th8 following pojlclès are
applied lo partlcular caleaories of Income:
Donations and grants
Planned giving réceivable under covenant is recognlsed only when roceived.
Incom8 tax recoverable on covenants or gSft aid donallons Is recognised vthèn the income is
recognised.
Grants and l@oaci85 are accounted for as soon as the Iruslees ara notifled of its legal gntiU8m8nl,
tho amount due Is measurable and its ultimate rec61pl is probable.
Olherlncom
Minibus Hire inoome from lelliT)g of mini bug is recognised when rental is duè.
Rgntsl income from the letting of Church owned property is Tecognised whèn the rental Is due.
Investment Income
Interest is aooounted for ￿en ree6iv8ble.
Expenditura
Expenditurè ig recognised on an accrual basis as a liability is In¢urred. Expendltute includes VAT.
and is reported as part of IhE expenditure lo which il relates=
Raising funds
Costs of raising funds comprise the costs assoclaled with atlracllng voluntary income.
CharitBbl$ expenditure
Comprise5 those costs Ineurred by the ¢h8rity in the dellvery of its acllvities and sèrvlces for Its
ben&flclaiies. It includes both costs that can be allocated dlreclly lo such aclivib&s and those cosls
ol an indirect nature necessary to support Ihem.
All costs arg allocated botween the expEndilure categories of the SOFA on a basis designed to
reflect thè use of the resovr¢è and set out In Note 4.
Flnanclal Instruments
Tho charity only has flnancial assets and flnanc(al liabilltles of a kind Ihal quality as baslc flnanclal
inslrum8nls. Basic financlel instruments arè Inllially recogn15ed al transaction value and
subsequently measured al their selllemenl value.
Flx•d Assèts
Incom8 generalingpropgrty
Income generating property is shown at fair value. Tho Church hall is hEld al ils fair value as
indèpéndently valued in 2019.
Pension costs
The costs of retirement benefits are providèd IhTough Ihe Bapllst Pension Schème, 8
multl-employer 5chem&.
The Church also recognises its118bility in respect Df deliLIl reduction arrangements of Ihg historic
dofined benefit Section of the Bapllst Pènsion Scheme for two previous officers of the Church.
As informatlon is not av8ilable lo use defin8d benefit accountlng, in accordanca with the
requiretnpnls of FRS102, the Church accounts for these payment8 as if they are dèfined
ntribulion sohgmes.
Page 8

Peckham Park Road Baptlst Church
Notes to the Financial Statements
For the year ended 31st March 2022
Penslon co$ts cont.
The Church's contribution tr) these schomes are recognised as a Ilablllty and an èxpense,
in the perlod in which th• salaries lo which the contributions relate are payablè.
Cash and cash equlval8nts
Cash and cash equivalents Inolude cash in hand and depo85ts held at call with banks.
Page 9

Peckham Park Road Baptlst Church
Notes to the Financial Statements
For the year ended 31st March 2022
Totel Èncom8
Reslrictod Unrostrfcted
Funds
Funds
2022
2022
Rgstrletgd Unrestricl•d
Fund5
Funds
2021
2021
Total
2022
Total
2021
Charitable Income
Donations
Gift Aid Reclaimed
Church Phoneline
3,449 38,652
6,603
42,101
6,603
3,000
2,197
38,103
5,322
40,3r
5.322
3,000
Other Income
Hire of Church HalllF8cilltles
Minibus Hire
Rental Income
Other Income
8.925
475
8.050
469
8,925
475
8,Q50
489
7,490
7,490
5,180
2,070
5,18CI
2,070
20
Investment Incomè
Bank Interest Recelved
38
38
3 Total expendlture
Restricted Unrestrlcted
Funds
Fun(Js
2022
2022
Restrlctgd Unrestrlctèd
Funds
Fund¥
2021
2021
Totsl
2022
Total
2021
Costs dlrectFy allocated to actlvitles
Church UlilitiÉs
Building Maintenance & Cl6aning
Council Tax
Church Phoneline
Summer Day Trip
Training lor ChuTch Phoneline
Wages & Salaries
P8nsion
Sundry
Insuranc
6,337
4.323
1,528
6.337
4.323
1,528
1,137
1,200
2,295
29.372
7.073
4,177
3,711
1,441
4,177
3,711
1,441
1.137
1,20
2,295
29.372
7,073
28,907
5,603
526
2,370
28,907
5.603
526
2,370
2.548
2,548
Support costs allocatèd to actlvltles
Computer and IT costs
Bank Charges
Motor Expènses
Audit. 8e¢ounlancy and payroll
OffKe Supplles, printing and
postage
House UtSlltles
F88s & Subs¢rfpllons
Lggal Fees
Glfts
S￿ndry
Insurance
341
98
939
3,722
341
96
939
3,722
2.424
29
585
3.090
2.781
585
3.090
2,424
3,840
925
1.832
478
2,781
2,344
1,834
1,572
3.840
925
1,832
478
1,834
1,572
1,500
1,621
1,980
1,500
1,621
f.980
All of the 2021 and 2022 expenditure related to charitable activities.
Pag&10

Peckham Park Road Baptist Church
Notes to the Financial Statements
For the year ended 31st March 2022
4 Trustees and Employv¢s
The chaiily had an BveTage of two (2021.. two} employees during thè year. whose staff cost amounted lo
£29,37212021-. £28,907).
No employee recelved r6muneratlDn greater than £60,000 during the year12021', llE)ne).
The key m8nagoment personnel are considèr6d lo be the Iruslees. Tho trustees éid not receive any
remunerallon nor were reimbursed expansès during the year curront and preceding year.
Therg wore no other disclosabla transactions in respect of Iruslees. persons d05ely conn8cted wlth them
or other related parties.
5 Taxatlon
As a charity, Pockham Part( Road Baptist Chuich Is axempl from lax on income and gains falling wllhin
section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Galns Act 1992 to the Èxtent that
these 8re applled lo ils charitable objacts. No lax charges hove arisen in the Charity.
6 Tanglble Flxed Assets
Church
Bulldlng
Total
2022
Income ggneraling prop8rty
Cost or ravaluatlon
Brought forward
Carried fO￿ard
1,79CI.000
1.790,000
1.790.QOO
1,790.000
Not Book Value- 2022
1.790,000
1,790,000
Nat Book Value - 2021
1.790,000
1.790,000
The trusteès are of the oplnion that the Church hall is held at its fair value as Ind8pendenlly Valu￿ in 2019.
7 Debtors: Amounts fallSng du• wlthln one year
2022
2021
other debtors
222
8 Credltors.. Amounts falllng dug within ona year
2022
2021
Other laxalion and soci81 security
Other creditors
2,169
2,428
605
Pa9e11

Peckham Park Road Baptist Church
Notes to the Financial Statements
For the year ended 31st March 2022
9 Penslon8
tist Penslon Schemg
The Church is an èmployer participating in the Baptist Pension Seheme I the BPS'I, which is admirsislered by th8
Pension Trustee IBÈplist Pension Trust Limiledl. The Scheme is a separate legal entity and Ihg assets ol the
Schemg are held separalelv from those of thts Employer and olh&r particlpatinq employers.
For any rnonlh. eath participating employer in the Scheme pays contributions as set out in tho Schedule of
Contributions in for¢e al that lime.
The Schomg is considered to be 8 mulli-gmployer schema as d8$cribed in Sectlon 28 of FRS IQ2. This is becBusè
it is not possible lo attribute the Schemè's 8ssets and liabllities lo specific employers 8nd Tneans that
contribution5 are 8ccounled for as if tho Scheme werg a defined contribution scheme. The pension costs
chargèd to thè SOFA in the year are contributions pay8blè towards benefits and expenses accrued in that yeAr,
plus any Itnpacl of defictency contrlbulions.
Th& mlnlsler and some members of the church are ellgible lo join the Schem8.
From January 2012, pènsion provlslon lor th8 Mlnlsler land Some members of staff} is being made through the
Defined Contribution (DCI Plan within the BPS. In general, members pay 8¢/0 of Ihgir Penslonable Income and
employ8rs pay 6/0 of mambèrs, Pensionable Income into indlvidual penslDn accounts, which are oparatèd and
managed on behalf ol the Pension Trustee by Legal and Goneral Life Assu¥anee Society Limited. In addition, the
employer pays a further 4¥0 of Pensionable Income to COVEr Dg8th in Service Benefits, administration costs, and an
associated insurance policy which providas income protection for Sthemg rnembers in th8 8vènl that Ihgy are
unable lo work due to long-tsrm incapacity. This Income protection pollcy has been insured by tha Baptist Union of
ryfAAt ArilAin with I Iniim l imitArt MAmhp_rq nf thp R*¢ir..qpr.tinn nxv rAdtir.ftA r.nnlrihiit¢nn.4 nf nf PAnkinn#hlA
Benellts in rgSPeCt of service prtor to 1 January 2012 are piovldgd through th& Defined Benefit (DBI Plan within
the BPS. Thè main benefits for pre-2012 servicer were a dèfinèd benefit pension of one eighlielh of FinBI
Minimum Pensionable Incom& for 8atth year Of Penslonable Service, louether Mllth addillonal pension in respect of
premlums paid on Pensionable Incotne in excess of Minimum Pensionable Income.
The BPS, previously known as tho Baptist Ministers, Pension Fund, started in 1925. The ￿heme was closed lo
lulure accrual of defined benefits on 31 December 2D11. Thè scheme is not contraclod out of the State Second
P8nsion.
Thè table below summarises the main results of thè most recent actuarial valuations of the 'Defined Benefit IDBI
Plan In the BPS. These valuations were performed by a professlonally qualified Acluary using the Projected Unil
Method. The Church and thè other employers supportlng th2 DB Plan are colleGlively responsible for lunding this
dèlicil,
DPS DP Plan
31 December 2019
31 December 2D22
£300m
£318m
£18rn
940
D8t8 of valuation
Dale of next valuation
Markat value of scheme assets IA)
Technical provisions IBI
Deftcil IIBI- IAII
Funding IÈv8111A1 I IBII
Page 12

Peckham Park Road Baptist Church
Notes to the Financial Statements
For the year ended 31st March 2022
9 Penslons eont.
As a result Df the valuations, in addition to the contrlbutions lo the DC plan sel out above. the followlng deficiency
contributions weT8 agr68d'.
For the BPS, Ihg standard rate of deficiency contributions pay8blo by churches and olhBr employers involved In Ihe
DB Plan is based on 12QA of Pensionablfy IncDme l Minimum P8nsionabl@ Incown8 fiom 1 January 2016. The
contrlbutions are based on each Ehurch's or olher employerfs position al March 2015. Some chLtrches and olher
employers Ihat were only involved in the DB Plan lor a short period pay less than 12%. The Recovery Plan
envisaaes deficiencv contributions conlinuino until 30 June 2026.
The k8y financial assumptions undorlyillg the valuation were as follows..
RPI price inflation assumption
CPI price inflation assumption
Mlnimum Pensionable Income increase5 ICPI plus 1.0%
pal
Assumed investment rglurns
Prg-rglirgmenl
Post retirement
Deferred pension Increases
Pre April 2009
Post April 2009
Pension increases
MaSn S¢hem8 ponslon Pro Aprfl 2006
Main Schemo ponsion Post Aprll 2006
3.60
2.85
3.85
5.10
3.95
3.60
2.50
3.40
2.30
Post-relirament mortality in accordance wEth 75VA of the S1NFA and S1 NMA tables, with allowan￿ for future
improvements in mortality rales from 2003 in line wifh the CMI 2012 core projections, with a IDng term annual
rale of improvetnent of 1.750/0 for male5 and 1.50/0 for females.
The next actuarial valuation of IhB OBfinod Benefit Plan within the Schgme is due to take plkce not laler than as at
31 D8cerllber 2022.
Recovery Plan
In addition lo the contributions in Ihe Defined Contribution Plan sot out above, where a valuation of tho Delined
8enefit Plan reveals a deficit the Trustee and the Council aoree to a rale of deficiency contributions from
churehes and other employers Involved in the Defined Benefit Plan.
Undèr tha curr8nl Rècovéry Pl8n, deficlèncy conlributions ara payable until 30 June 2026.
These conlribullons aro broadly based on the employors membershlp Bl 31 Decemb6r 2014 and IncraBse
annually in Ilne wllh increases to Minlmum Pensionabl6 Income as dollned in the rules.
Section 28,11A ol FRS 102 rgquires agrged d81icit rEcovery payments lo b9 recognlsed as 2 IlabNily. The
mOV8ment in the provision 18 Set out In thè t8blè bÉlow'.
2022
8alance sheet Ilabllily at y8aT start
Minus deficiency conlribulion8 paid
Remaining change to balance sheet liability Irecognised
In SOFA).
Balance sheet liability al year end
4,327
11,373
Page 13

Peckham Park Road Baptist Church
Notes to the Financial Statements
For the year ended 31st March 2022
9 P&n$ions cont.
Comprises any change in agreed deficit recovery ptan and change in assumptions belween year ends. It was
riTst possible to Tecognise the liability in the Balance Sheet in 2022.
The deficit contributlons are based oll an averago sharo, equally w9ighled by employer, of the overall 5¢hetne
deficit and do not reflect individual ampl0￿r 1labll1￿És. Thè Church has bèèn Infomièd thal ag at 30 Juna 2022
based on its actLJal share of the eLJrrent liabilitie5, 11 would need lo pay £15,700 lo exil the sGhgme. This figure is
revised monlhly lo rell&¢l Ilu¢lualions in fin8ncial markets and Ih&ir &ff6¢1 on th6 und&rlying as8umplion8 on
which the estlm8tsd cost Is basèd. Th8 d8flcll recovery plan is currenlly undgr rèvi8w ar￿ may in future morè
closely refleEt thF Church's shar8 of the Ove￿11 sch8m8 deficit.
Income and ex
endltum
The 10181 pension cost for the Church is shown in the table below, wlh last year's fioures shown for comparison.
2022
2021
BPS Mlnlster s6etSon
BPS defl¢it fundlnu Qonlribulior
BPS Staff secllon
2,743
4,327
2,746
2,557
7.[)70
5,303
No pension contributions were outstanding at the Balance Sheet dale12021'. Nill.
10 Movement In funds
At1
Aprll
2021
Incomlng
resourcès
2022
Outaoln
resources
2022
At31
March
2022
Transfers
2022
Restricted funds:
Restricted Building Fund
Church Phonelino
2.197
2.197
2.197
2,197
Unrestrlcted funds:
Ggneral fund
Pansion ras8rv8
10,220
63,174
168,9581
4,436
10,220
63,174
184,6581
111,2641
Total funds
Page 14

Peckham Park Road Baptist Church
Notes to the Financial Statements
For the year ended 31st March 2022
10 Movement in funds cont.
Mov8m8ntln funds In respect ollhg comp8ratlv6 p8rftod."
At1
Aprll
2020
Incomlng
resources
2021
Outgoln
resources
At31
Mar¢h
2021
Transfgrs
2021
2021
Re$trl¢tgd funds..
Reslricled Building Fund
Unrèstrl¢t¢d funds:
Total funds
11 Related Party Tronshctlons
Durfng th8 year the charity had no relglgd party transacuons.
12 Comparative Statèmènt of Financial Actlvltles
Restricted Unrèstrlct8d
Funds
Funds
2021
2021
Total
Funds
2021
Income fmm..
Donations and grants
Charitable activities
Investment income received
2.197
45,495
12.670
38
58.203
47,692
12,670
38
60,4QlO
2,197
ènditure on..
Raising funds
Charitabl8 acb'vilies
62,091
62,091
62,091
62,091
Net in¢omellexpendlture}
2.197
13,8881
11,6911
Transfars
Nel movements In ftjnds
2,197
3.88B
{1.691)
Reconclliatlon of fund5-.
Tol& funds brought forward
Total funds Garried forward
14,108
10,220
14,108
12,417
2,197
Pagè15