Charity regls(ry&ti¢bTh nurnbtr lJ96365
POTTER STREET BAPTIST CHURCII
ANP4UAL REPORT AND UNAUDITED FINANCIAL SIATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

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|Trustees|||Rew A.M. Taylor -|Rew A.M. Taylor -|Minister|
|---|---|---|---|---|---|
||||M.H. Hoilutgsworth|||
||||C.J.Rowe|||
||||M.J.Gardner|-Treasurer||
||||B.Carroll|||
||||C.N. Rowe|||
||||S.J.Mitchell|||
||||P.M. Jenkins|—Secretary||
||||P.G. Channell|||
||||A.L.Bellworthy|||
||||M.J.Tew|||
||||D.H. Thomas|||
|Charity number|||1196365|||
|Principal|address||Potter Street Baptist||Church|
||||98Potter Street|||
||||Chapel Lane|||
||||Harlow|||
||||Essex|||
||||CM17 9AW|||
|Independent||examiner|HBAccountauts|||
||||Phunpton<br>House|||
||||Plumpton<br>Road|||
||||Hoddesdon|||
||||Hertfordshire|||
||||EN11 OLB|||
|Bankers|||Barclays Bank|pic||
||||14The Water Gardens||Shopping Centre|
||||Harlow|||
||||Essex|||
||||CM20 1AN|||





|||||Page|
|---|---|---|---|---|
|Trustees' report||||1-3|
|Independent|examiner's||report||
|Statement of|financial||activities||
|Balance sheet|||||
|Notes tothe financial||statements||7-15|





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|Current ilna|ncial year|||||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
||||funds|funds||
||||2022|Z022|2022|
|||Notes||||
|Income from:||||||
|Donations<br>snd legacies<br>Charitable<br>activities|||98,668|5,326|103,994|
|Other tmding<br>Investments|activities||20,657<br>4,246||20,657<br>4,246|
||||474||474|
|Total income||||||
|X~i|||124,045|5,326|129,371|
|Charitable<br>activities|||114,130|3,602|117,732|
|Net incoming|resources before transfers||9,915|1,724|11,639|
|Transfer offunds at the start ofthe charity|||2,922,904||2&922,904|
|Net movement|in funds||2,932,819|1,724|2,934,543|
|Fund balances|at<br>1 January 2022|||||
|Fund balances|at311tecember Z022||2,932,819|1,724|2,934,543|





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|||||2022||
|---|---|---|---|---|---|
|||Notes||||
|Fixed assets||||||
|Tangible assets||12|||2,872,315|
|Current assets||||||
|Debtors||||||
|Cash atbank and inhand||13|7,051|||
||||61,370|||
|Creditors. ' amounts|falling due udthiu one year|14|68,421<br>(6,193)|||
|Net current assets||||||
||||||62,228|
|Total assets less current liabilities||||||
||||||2,934,543|
|Income funds||||||
|Restricted funds<br>Unrestricted<br>funds||15|||1,724|
|Designated<br>funds||||||
|General unrestricted|funds||2,872,315|||
||||60,504|||
||||||2,932,819|
||||||2,934,543|





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|I|Accounting<br>policies (continued)|
|---|---|
|1.5|Expenditure|
||Expendi<br>hue is recognised once there is alegal or conshuctive<br>obligation<br>to transfer economic benefit toa third party, it is<br>probable<br>that a transfer of economic benefits<br>will be required<br>in settlement,<br>and the amount oftire obligation<br>can be<br>measured<br>reliably.|
||Expenditure<br>is classified by activity. The costs ofeach activity are made up ofthe total ofdirect costs and shared costs,<br>including<br>support costs involved<br>in undertakiug<br>each activity. Direct costs attributable<br>to a single activity are allocated<br>directly<br>to that activity.<br>Shared<br>costs which<br>contribute<br>to more<br>than<br>one activity<br>and support<br>costs which<br>are not<br>attributable<br>to a single activity are apportioned<br>between<br>those activities<br>on a basis consistent<br>with the use ofresources.<br>Central staff costs are allocated<br>on the basis oftime spent, and depreciation<br>charges are allocated on the portion ofthe<br>asset's use.|
|1.6|Tangible fixed assets|
||Tangible<br>fixed assets are initially<br>measured<br>at cost and subsequently<br>messmed<br>at cost or valuation,<br>net ofdepreciation<br>and any impainnentlosses.|
||Depreciation<br>is recognised so as to write offthe cost orvaluation ofassets less their residual<br>values over their useful lives<br>on the followiug bases:|
||Freehold buildings<br>0%|
||The gain or loss arising<br>on the disposal ofan asset is deteuuined<br>as the difference<br>between<br>the sale proceeds<br>and the<br>carrying<br>value ofthe asset, and is recognised<br>in the statement offinancial<br>activities.|
||The freehold buildings<br>have been valued by the trustees based on the insumnce<br>value.|
|I.V|Impairment<br>offixed assets|
||At each reporting<br>end date, the church reviews<br>the csrryiug<br>amounts ofits tangible<br>assets to deteunine<br>whether<br>there is<br>any indication<br>that those assets have suffered an impaument<br>loss.Ifany such indication<br>exists, the recoverable<br>amount of<br>the asset is estimated<br>in order to determine<br>the extent ofthe impairment<br>loss (ifany).|
|1.8|Cash and cash equivalents|
||Cash and cash equivaleuts<br>include cash in hand, deposits held at call with banks, other short-term<br>liquid investments<br>with<br>original<br>maturities<br>ofthree months or less, and bank overdrafis. Bank overdrafis<br>are shown<br>within bonowings<br>in cument<br>liabilities.|
|1,9|Financial instruments|
||The church<br>has elected to apply<br>the provisions<br>of Section ll 'Basic Financial<br>lustruments'<br>and Section 12 'Other<br>Financial Instruments<br>Issues' ofFRS 102to all ofits financial iustnunents.|
||Financial<br>instnuuents<br>are recognised<br>in the church's<br>balance<br>sheet when<br>the church<br>becomes party<br>to the contractual<br>provisions ofthe instrumeut.|
||Financial<br>assets and liabilities<br>are offset, with<br>the net amounts<br>presented<br>in the financial<br>statements,<br>when<br>there is a<br>legally enforceable right to set offthe recognised<br>amounts<br>and there is an intention to settle on anet basis or to realise the<br>asset aud settle the liability<br>simultaneously.|
||Basic1inanciai assets|
||Basic financial<br>assets, which<br>include<br>debtors<br>and cash and bank balances,<br>are uutially<br>measured<br>at transaction<br>price<br>including<br>transaction<br>costs and are subsequently<br>canied at amortised<br>cost using the effective interest method<br>unless the<br>arrangement<br>constitutes<br>a financing<br>transaction,<br>where<br>the transaction<br>is measured<br>at the present<br>value of the future<br>receipts discounted<br>at amarket rate ofinterest. Financial assets classified as receivable<br>within<br>one year are not amortised.|





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||Unrestricted|Restricted|Totat|
|---|---|---|---|
||funds|funds||
||2022|2022||
|Donatious<br>and gifts<br>Gift Aid tax<br>Grants receivable|83,209<br>l4,484<br>975|4,826<br>500|88,035<br>14,984<br>975|
||98,668|5,326|103,994|





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|4|Charitable<br>activities|||
|---|---|---|---|
||||2022|
||Church Organisations|income|20,657|
|S|Other trading<br>activities|||
||||2022|
||Hall lettings||4,246|
|6|Investments|||
||Interest receivable||474|





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|7|Charitable<br>activities|||||
|---|---|---|---|---|---|
||||||2022|
||Stat'f costs|||||
||Rent and council tax||||53,501|
||Light, heat and water<br>Insurance||||9,077<br>5,812|
||Cleaning<br>and gardening<br>Repairs and maintenance<br>Telecomms<br>and computer <br>Travel||expenses||1,819<br>821<br>11,185<br>1,915|
||Church Orgsuisations<br>expenses<br>Youth and children's<br>work<br>Music and audio-visual||||3,954<br>14,200<br>202|
||printing,<br>postage and stationery<br>Sundry expenses||||1,866<br>555<br>1,790|
||||||106,697|
||Graut funding ofactivities <br>Share ofgovernance<br>costs||(see <br> (see|note 8)<br> note 9)|9,235<br>1,800|
||||||117,732|
||Analysis by fund|||||
||Unrestricted<br>funds|||||
||Restricted funds||||114,130|
||||||3,602|
||||||117,732|
|8|Grants payable|||||
||||||2022|
||Grants to mstituttons:|||||
||DEC I)kraine Humanitarian<br>Harlow Food Bank||Appeal||1,624|
||Baptist World Mission<br>Baptist Home Mission<br>StClare's Hospice<br>Marie Curie||||260<br>3.034<br>3,000<br>512|
||University ofHerts Student <br>RIB||Union||235<br>100|
||The Living God Baptist|Church,||India|70<br>70|
||||||8,905|
||Grants to individuals|||||
||||||330|
||||||9,235|





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|Accountancy|Accountancy|
|---|---|
|Analysed|between|
|Charitable|activities|



|Support|costs|Governance|2022|
|---|---|---|---|
|||costs||
||g|||
|||1,800|1,800|
|||1,800|1,800|
|||1,800|1,800|



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|Employment|costs||
|---|---|---|
|tVages and salaries|||
|Other pension|costs|43,741|
|||9,760|
|||53,501|





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||||Movement|in funds||
|---|---|---|---|---|---|
||||Incoming|Resources|Bslaoce at|
||||resonrces|espeaded|31December|
||||||2022|
|DEC Ukraine Humanitarian<br>Harlow Food Bank|Appeal||1,624|(1,624)||
|BMS World Mission|||1,540|(260)|1,280|
|London Hearts for Conuntluity<br>StClare's Hospice<br>Marie Curie|||34<br>787<br>956|(34)<br>(787)<br>(512)||
|RNIB|||235|(235)||
|The Living God Baptist Church,<br>Other||India|70<br>70|(70)<br>(70)||
||||10|(10)||
||||5,326|(3,602)|1,724|



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|||||Movement<br>in||
|---|---|---|---|---|---|
|||||funds||
||||Balance at<br>IJanuary<br>2022|Incoming<br>resources|Balance at<br>31December|
||||||2022|
|Lmtd and buildings|||2,872&315||2,872,315|
||||2.872,315||2,872,315|
|Analysis ofnet assets between|funds|||||
||||Unrestricted|Resttdcted||
||||funds|funds||
||||2022|2022||
|Fund balauces at 31Deccluber <br>Tangible assets|2022 are represented|by:|g|g||
|Cmrent assets/(fiabilities)|||2,872,315<br>60,504|1,724|2,872,315<br>62,228|
||||2,932,819|1,724|2,934,543|





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