Teddington Baptist Church Annual Report & Accounts for the year ended 31 December 2023 Contents Trustees, Annual Report Independent Examinerfs Report Statement of Financial Activities 2023 Balance Sheet Statement of Financial Activities 2022 10 Notes to the Accounts 11-19
Teddington Baptist Church Trustees, Annual Report for tho year ended 31 December 2023 Reference and Administrative Detsils Teddington Baptist Church is a charity registered with the Charity Commission of England and Wales, with Registration nutnber 1197977. The registered name of the charity 15 TEDDINGTON BAPTIST CHURCH. The oddre55 5 17 Church Road, TEDDINGTON, TWII 8PF. The Minister 15 Rev John Gleghorn who is a Trustee by virtue of his appointment. The other Mana8ement Trustees are rK)n4alaried and during the year were: Joy 8ell Ito 15 March) Nick Collett Ito 15 March) Geoff Goodway Ito IS Mar¢h} Tim Perrin Carol White Michael Wilkinson The Trustees are commonly referd to as The Leadership Team and Rev John Gle8horn is the Chair. The Custodian Trustees are.. The London Baptlst Property 8oard The church employed: Gabriel Oos Santos as part time cleaner The church's bankers were.. 8arclays Bank pk, 6 Clarence Street. KINGSTON upon THAMES, KTI INY Ito 8 September) CAF Bank Ltd. 25 Kings Hill Avenue. Kings Hill. WEST MALLING, ME19 4JQ Funds belon8ing to the church were also held by- The London Baptist Property Board Limited, Unil C2, 15 Dock Street. LONDON, EI 8JN The Baptist Union Corporation Limited, Baptist House. PO Box 44, DIDCOT. OXII 8RT The church's Independent Examiner is: Jacob Cavenagh and Skeet. 5 Robln Hood Lane. surroN. SMI 2SW. The church x*licitor5 were: Morrison5 Solicitors, 2nd Floor, 8 Waldegrave Road, TEDDINGTON, TWII 8GT Anthony Collins Soli¢itor5. 134 Edmund Street. BIRMINGHAM. 83 2ES Page 2
Teddington Baptist Church Trustees, Annual Report for tho year ended 31 December 2023 Accounting and Reporting Responsibilities The trteeS are responsible for preparing the Trustees. Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the church and of the incoming resources and application of resources of the church for that period. In preparing these financial statements. the trustee5 are required to.. select suitable accounting policies and then apply them conslstently: obseNe the methods and principles in the Charities SORP- make judgment5 and estimate5 that are reasonable and prudent.. State whether applicable accounting standards have been followed. subjert to any material departures disclosed and explained in the financial statements.. and prepare ihe financi?1 statements on the 80ing concern basis unle$5 it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping adequate accountlng records that are sufficient to show and explain the church's transartion5 and disclose with reasonable accuracy at any time the financial position of the church and enable them to ensure that the financial statements compty with the Charities Act 2011, the Charity IAccounts and Kleportsl Regulations 21Xt8 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable step5 for the prevention and detection of fraud and other irregularitles. Structure. Gov¢man¢e and Management Teddinglon Baptist Church is an independent Baptist Church. Its aim is the advancement of the Christian Gospel consistent with the statements of principle and faith of the Baptist Union and the Evangelical Alliance. The Church Is a Charitable Incorporated Organisation ICIOI. Governing documents consist of the Deed of Trust dated 23 January 1884, logether wlth the Constitution dared 15 September 2021, which came into operation on l October 2022. The Leadership Team is accountable to the Church Meeiing Imembers of the churchl for the overseeing of all policy matters and activity undertaken by the Church. The Leadership Team normally meets at least once a month. Church Meetin85 normally take place six times a year including the Annual General Meeting which normally takes place in March. The Management Trustees are chosen by the church mernbers and elected by secret ballot. normally at the Annual General Meeting. The election5 are for vacant posts and for existing Management Tru5tee5 Standing to be re-elected. New Trustees are provided with an Induction Pack and briefed about thelr responslbilities on their appolntment. The Leadership Team regularly reviews the major risks to the church and take5 appropriate steps to manage these risks. The Church Meeting agrees a budget every year which typically includes Mission giving to our two related Baptist organizations. Bapt15t Missionary &)ciety World Mission and Home Mbssion Fund. Regular finance updates a provided to the Leadership Team meetings and to the Ch¥Jrch Meeting. The Church ha5 policy documents on: Health and Safety,. Fire Safety,. Safeguarding,. Data Protection: Employment: and Lettings. It also has an Ethos statement. The Church maintains disabled access to its buildings, including a ramp at the main entrance and a lift to the upper floors to enable acce5S to all activities in our buildings. Page 3
Teddington Baptist Church Trustees, Annual Report for the year ended 31 December 2023 Objertives and Activitles The vision statement of the church states that our aim is to be a vital. growin& challenging and empowering church. We a150 aim to be an integral part of the local community and to serve it as best we can. In furtherance of this objettive, the trustees have complied with the requirements of the Charities Art 2011 to have due regard to the Charity Commission's published guidance concerning the operation of the Public Benefit requirement under the Act. During 2023, we continued to run our popular Open Door and Busy Bees on a Tuesday moming during tem)-time. Open Door caters for parents and carers with children aged between O and 234. Busy Bees is for parents and carers with children frorn 2% up to school age. These group5 provide the opportunity for the adults to chai together and for their youngsters to play Using a wide range of toys. Busy Bees also provides various craft-based activities and a Bible story. We also continued to run our suctessful Who Let the Dads Out? Held every three weeks on a Saturday morning, this caters for dads and other male carers with their chIldn up to infant school leaving age. It provides men wilh the opportunity to get to know other men and have Some quality play time with their children. DurinÈ the year. TBC Men's Ministry arranged monthly social events open io men from the church, their friend5 and men who attend actwlties at church. These events included a crazy-8olf evening. a board games evenin& a treasure hunt and an evening walk. These events were greatly enjoyed by those who attended them. We also continued to hold the Sunflower Cafe. Held once a month on a Saturday mornin& this Is a drop-in session for families and carers who a caring for someone under age 18 who has a special educational need, a dlsabilitv, or an additional need. The support offered by thls Initiatlve has been much appreciated. During the year we also continued to run 4Youth. Held twice a month on a Sunday afternoon, this Is a group for youn8 people from the a8e of io. An encouragement has been the increased numbers attending. A hlghllght of the year was a Summer weekend away at Carroty Wood aclNity cent. We a150 continued to hold 'Unstoppable Families,. Held during the aftemoon on the first Sunday of the month, this caters for parents and children and include5 mu5jC, Storie5. craft and tea. Numbers attendin8 have fallen since the pandemic and the intention is to discontinue this aciivity. at least temporarily. Throu8h the year, a number of social outings and events were or8anized by diffent people in the fellowship. These included coffee mornings. walks, a visit to the Brands Museum and a visit to the Museum of the Home. Such activities 8ive participants the opportunity to have an interesting day out. and to get to know one another more. This year we continued with the Emmaus Project. Run by'share Jesus International.. this is a new two-year initiative aimed at helping churches reach their communily with the gospel. In March, we held a Church weekend away at A5hburnham Place, led by the leaders of the Emmaus Project. A separate pro8ram was arranged for the children. The weekend was very beneficial for those who attended. During the year a number of special events were held. At Easter we held a new family event called 'E8gslravaBanza'. This cofflbined the tellirb8 of the Easter story with an Easter egg hunt and proved to be very popular. In September, we held a Family Fun Day for the local community. This was well attended and much appreciated. On 31 October we held our annual Light Party a5 an alternative to Halloween. As Christmas approached, in November we held a Craft Fair, which provided spate for a Bood number of locèlly based stallholders. and which also featured attractions for chIldn such as nativity dressing-up and farm animals. We also held 'West End Has Faith at Christmas.. This was an evening of songs and stories by performers from London's West End and proved to be very popular. In December we held a concert by the Friary Brass Band. The month ended with our usual Christmas events. including our regular Carol service, Christingle service. and Christmas day family servite. This year we have continued to support the Richmond Food Bank and have continued to play a part in the work of Street Pastors in Kingston. The Church also houses Grace Advocacy. Grace Advocacy 15 an advocacy setwice Page 4
Teddington Baptist Church Trustees, Annual Report for tho year ended 31 DeCeMr 2023 designed to help vulnerable adults struggling with things sijeh as money and debts, benefits, housing and adult social care. This service is in increasinE demand, especially in the current cost of living CfiSIS. Throughout the year our premise5 have been LSSed extensivety by a range of outside organiiations and individuals for meetings, parties and activit5 for all ages. We offer a range of rooms and prices to suit a wide variety of needs. We have continued to work alongside other churches through Churches Together in Teddington. This has included participating in Christi8n Aid Week. the natFonal Warm Space scheme, contributing to conducting services at Laurel Dene Care Home and Staffing the Christmas Day lunch for the elderly at Elleray Hall Ithis year the chuich was responsible for organising the lunchl. All of oyr activities and the use of our premises by oihers cannot take place without the dedicated effort and support of the staff. and of members of the congregation of this Church working in a voluntary capacity. Thank5 are due to all those who have enabled activitles to take plate. The church, above all, is a cornmunity that meets to worship God. Each Sunday we welcome all who wish to join with us as together we sin& pray and hear God's word. Carin8 for one another is also a priority, and we do this through our Minlster. a Pastoral Team and a network of Lifegroups which meet regularly throughout the year. In 2023, our Church financial giving was focused on the two Baptist charities, BMS World Mission and Home Mission Fund. Alongside this. each month in our morning service we featUd the work of a particular charity th?I a member of the church had some invofvement with. This enabled church members to learn aboui and, if they wished, to support these charities. The church engaged in fundraislng in the forrn of receiving free-will offerin8s/donatlons, some of which were gift- aided, from members of our fellowship. However, we did not contract the 5eryice of any professional fundraisers a5 defined by section 58 of the Charities Act 1992. We do not engage in persistent fundraising nor intrusive fundraising practices with any of our donors, including vulnerable people, and we never have private or coercive discussions with indwiduals about their giving. Our fundraisin8 practices are ethical and in accordance wlth Biblical principles. No complaints were received about our fiJndraisin8 practices. There are no material uncertainties over going concern. Achlevements and perfomiance The numbers of those coming to the church's range of activities includin8 our Sunday services ir)dicate that we continue to make progress In achievinE our aims and serving the needs of the community. Durin8 2023 our activities have continued to be popular and the facilitie5 that the church offers have remained in demand. The Church 15 known as a welcoming church and is Increaslngly becomin8 a multicultural community embracing families from Hong Kong and other nations worldwide. FUre Plans In November. our current minister, Rev John Gleghorn, resigned his position and will be leavin8 the Church on 17 February 2024. A prlorlty in 2024 will be the Search for a new minister. In September. the leadership held a Vision Day. 6 priorities were discemed for the year ahead: Regular corporate prayer b. Ensuring that the gospel is preached at every opportunity Succession planning, particularty regarding the Church Office d. Progressing our work with children and youth e. Equipping all members to disciple a new believer Improving our premises A further focus will be the Emmaus Project and especially how to build on all we have learned after we reach the end of the process in September. Page 5
Teddington Baptist Church Trustees, Annual Report foT the year ended 31 December 2023 Financial Review The accounts have been prepared in accordance with the Accounting Regulations set out under the Charities Act 2011, the Charities SORP IFR51021, Financial Reporting Standard 102 and the Constitution of Teddington Baptlst Church. The ministry of the church is SUPPOrted by the voluntsry giving of the members and wider congregation. Gift Aid is claimed regularly on a large proportion of these gifts. Additional income 15 recelved from the regular hiring out of the church premises to h)cal community groups. local authority consultation events, tharities and individuals. Total income wa5 £218,662 which is £25.748 more than in 20221£192.9141. Included in the total was unrestricted voluntary income of É104,443 which is £1,616 more than in 20221£102,8271. Income from the hire of church premi%s wa5 £51.087 which is £846 les5 thon 20221£51,9331. The letting fees were unchanged for 2023 and the lettings were mainly to regular groups. Income from letting 5 Walpole Crescent Wa5 £20,CQO. There was a change of tenants during 2023. Interest on savings accounts was £5,846 which is £4.283 rn0 than 20221£1,5631 due to the increased interest rates. Restricted voluntèry Income of £2.5CKI was received for the Fumiture and Equipment Fund. Total expenditure for ihe year was £172.869 which is £11,275 more than 20221£161.5941. The unrestricted expenditure was £171,128 which is £6,252 less than 2022 I£177.3801. Owin8 to the increased income we were able to increase our support of the 8apt151 missionary institultons and to make improvements to the premises. The expenditure from designated funds was £l.(knJ which is £2,814 les5 than 20221£3.8141: this was from the Mi55ion and Outreach fund to Share Jesu5 International. The unrestricted general fund at the end of the year was £117.844 which is £37,144 more than 2022{£80,7l. This includes fixed assets of £3,052. The cash at bank and in hand was £251,029 which is £55,809 more than 20221£195,220}. The pension for the Minister is paid into the Baptist Pension scheme. On 30th June 2022 the Baptist Pension Scheme signed an a8reement with the insurance company Just Group to secure DB Plon members, penslon benefits. Just are now providing flnanclal backlng for all penslons provlded through the Scheme's D8 Plan and following this transaction. the Scheme no lon8er has a shortfall. An updated Recovery plan was then signed in Au8U5t 2022 under which recovery contribution5 from each participatin8 employer in the DB Plan reduced to £1 per month from August 2022. The pension for the Cleaner is paid into the NEST government penslon scheme. The December payment of £111 for the Cleaner was paid in January 2023, and this Is Included in the accruals. The reserve poliry is to cover 6 months of ministerial costs and 3 months of other costs. The reserwe fund was reduced from £65,1JX) to £58,(MJ) due to the departure of the As51Kiate Minister in 2022. The church holds investments In the form of cash deposits held in immediate access interest bearing accounts. The investment policy is designed to attract a reasonable rate of return at a low risk while maintaining sufficient liquidity to Meet our on80ing requirements. De$t accounts are held with the Baptist Union Corporation and London Baptist Property Board. signed by= Date.. Page 6
Independent examlnerfs report to the trustees of Teddington Baptist Chuych I report to the charity trustees on my examination of the account5 of Teddington Baptist Church Ithe Church) for the year ended 31 December 2023 set out on pages 8 to 19. Responsibilitles and basis of report As the charity's trustees you a responsible for the preparation of the accounts in accordance with the requirements of the Charitie5 Act 20111.the Arf). I report in respect of my examination of the Church's accounts as carried out under section 145 of the Act and in carrying oul my examinat(on I have followed all the applicable Directions given by the Charity Commission ut)der sectlon 14Sl5llbl of the Act. Independent examinerfs statement I have completed my examination. I confim) that no matters have come to my aitenlion in connection wlth the examination giving me cause to believe that in any material spect- accounting records were not kept in respect of the Church as reqUId by section 130 of the Act,. or the accounts do not accord with those records,. or the accounts do not comply with the applicable reqU1MentS concerning the fom and contenl of accounts set out in the Charities IAccounts and Reponl Regulations 21x18 other than any requirement that the accounts give a 'true and fair Vie which is not a matter considered as part of an independent examination. 117ave no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mlriam Hi¢k50n CTA FCA Jacob Cavenagh & Skeet 5 Robin Hood Lane Sutton Surrev SMI 2SW Date.. li mavckn 2ozi+ Page 7
Teddington Baptist Church Statement of Financial Activities for the year ended 31 December 2023 ststement of Flnanclal Actlvities Unrutri¢W gnal¢d R•skncknd Tota 2023 Total 2022 lunds lunds Incom• arvj •ndwnerrts frnn OonatLxns and ltyaa85 Income frun charilatle xtiwb85 126,350 12.879 71.087 128,850 12.879 71.087 12&253 8.365 56.733 1.563 191914 Other Irddir•J actsvitses In¥estrnts T¢¢al In¢ome ahd tndty+M#nt 21S.112 Isoo 8.662 Exp8nditur• o Expondibjreon chantsble acbviles PreachlThJ. T8a¢hiThA Mus¢ & W¢Y5hip Youih MInty Evan•isrn & Ministhe& Fello1 41.145 41,145 SS.)62 1.210 7.601 1.sg¥J 18.618 80.818 5.916 5.980 118.6011 161.594 14. 15.336 1.301 18.588 1.301 18.588 MI551 Ilnstittjtknsl E$¢abNsthi managent & NAmiStra 10 T41 84.829 6.287 12 6.287 13 3,707 12 3,707 12 Oihef e%peThYittJre 14 171,121 171889 Gains 11055es on invesknenl a5S8ts N•¢ lfi¢om•l l¢¥peDdlturel b•lov• tranthr 45.034 11,0001 1.759 45.793 31,320 Transfers Gross transfe bewn ILw¥Js. h 2.110 iio.cooi 17.1 19.110 5.763 15,7621 Gross transfers out Oth•r i•¢ognis•d oinsl10sMs Gains on r•valuab.. fixJ assets. ch3 use 12.1101 N•t mo¥•mortt In furKIs 37.144 13511 45,793 31.320 R¢¢¢)n¢lliarion of lunds Totsl fund¥brought forwArd J.7tyJ 7W,476 18M 7.540.041 7,$08,721 T81 fUnd8¢ath for*rd 117,844 7W,476 18J14 7.585,834 7,$40.041 Page 8
Teddington Baptlst Church Balance sheet as at 31 December 2023 Balance sheet 2023 Fund5 Fd¥ Rxtd assets Tangit4e asseL8 17 7.34Q.7B5 7.310,144 7,340.785 7.340.144 Curr•nt assets Debtor5 Cash al bank In 18 7.973 251.029 12. 195.220 207,816 19 259.002 Ll•bilities Cr&#ltors'. Afflots fawng due In Me year 13.953 7.919 13.953 7.919 N•t Gun•nt l•¥s current Nabllhl•8 24&049 199m7 Total •ss•ts l•*$ ¢uff•nt lbIlo•S 7.585.834 7.yo.o¢t Provlslon¥ Total n•t a&••ts 7,585.834 7.540,041 R•prtt•nt•d ty Unrn8trlcl•d General FWNI 21 117,W D•$lgna•¢ 21 7.337.n3 7.337,733 7.218 7216 4.527 5.$27 58.IXM) 65.QYJ 17.¢XXJ Legaty SOn ¥)d Outrtsadl Fund 5peu81 Resérve Fund Iding Rewrs Pension R85efve Addilionai WLYK•rs Fur Spedal Prclecls F 25.CO) 25.(ts) R•¥trict•d Family •KI Ywih Work Furtl Furnilwe & equbmwl FuThl H(ytsing Fuj 'nislefs PastoRI FUTr 21 &917 5017 32YJ 5,817 1250 7.SBS.834 7.YQ.041 The financial statements were approved by the tnjslees on and signed on their beha5f by.. Page 9
Teddington Baptist Church Statement of Financial Activitles for the previous year ended 31 December 2022 Statement of Financial Activities - Prevlous Year Unrgstricied fu18 08siqnated funds Rtstrfcted funds Totsl 2022 funds Total 2021 funds Incorn¢ ar ¢ndwnents Irom: Otywiions arQ kgatae5 Inwffle frryn charilatAe actMIi85 Ottw trading acbwtiE5 InVe$kn Other In{e Total Incom and •ndwn•rtt$ 124.147 8.365 56.733 4.106 128253 6,365 56.733 1.563 134.544 2.278 31.145 176 3.357 171,500 118.006 4.106 192.914 expendllure .. Expendiiure an charitabth bbe5 Preaching. TexNry. Musb¢ & Wcnhip Youth MinL%try Evangdism & OlherM'ni$¢rf¢s Fellowship IlrotstuM)nsl £$tsbshMont Management & Admlristrabtyi S)verna Other expenditure Tolal xp•ndlturn 58.362 1.210 7.601 65,999 1.210 2,986 18.618 .fyJ3 5.916 18.618 80.818 5.91S S,980 118,eOI1 161,594 14.834 76.610 5.225 3.858 15231 170,117 81S 118.eo11 116.1011 1n.300 815 In¢om• I l•xp•ndlturnl b•tor• trnsl•r 16,601 3,291 31.J20 1.383 Transl¢ri Gross Iranslots bewn Gross Ifdn5fw5 beb¥een fiJTrl5- wl N¢t mov•m•Thi In lund• 2.939 12.7241 11.643 2.824 4.593 14.5931 1,383 11.3001 15.7631 31.J20 17.686 Re¢oncSllallon ol lunds Total fiJnd¥ brought lorward 89,057 7.421790 16.K4 7,508.721 7,50T,33& Total fufid earri•d lorward 7.440,47 18.86S 7.$40,041 7,508,721 Page 10
Teddington Baptist Church Notes to the financial statements for the year ended 31 Decembor 2023 1 AGcourttlng Poticle8 Ba515 of k¢ounting The ac£ounts arp prgpargd undof hstorical ujsi convwbon aEh4 in acr4)rd Viith Finarhxjl RepNtiw Standard 102. the Chgriues 2011 pnd the requiremenL8 ofA(tounbw aTrl Rewb"rs by Charities.. sta1t¢f Re¢mmthY Pracbce appCtye to olarities prepariry thaf accouTilS Sn acCOrdar wih Ihe Financial Rery)P siandatd •%4h?t4e in the UK aTr1 the of Ir8 IFRS 1021. The ac¢xjts a presented in slerfirvj round1 10 the rearest ptyJTrJ. Teddiroton 8apbsi Church is a th)ritsble Organal wJ ¢ m05trfits actswttes al it5 premises al Church Road. Teddingtm. TW118PF. 11 Is a puNic befft entity. Going Concern Al the time ol appfoving the financial staltyments. the trustee$ have 8 reasfnèNe txpedah' that Ihe thLwch has adequate reswrces io continue in operational the ftre5ee?bEe thATe. Tre We rn maierial U[erta1nbe$ the thurth's ability10 wnbnue In its optrations. 0)nbnLie 10 adoptthe guwwJ t0¥5 of3oxwb.ry m wepaDThJ th8 finaThal $tawls. Dofiaiions Don8tons arè atttxjriled for gros5 then received. Rafund of Ineom• T•x Refund el Ire Tax frLwn ra¥ed der Gft AKI the aC0x13 ihe year the dcrfabon Is r8cd¥ed. Logacles Legaaes are their r8ceyt Is probatle aTrJ ran b• prorfyguanbfied. Inve8lmenl Incom• Invesbmenl Incemg * indud•d sh the yearm It 1$ I49. Grant8 Payablè The Church mak8$ tyants10 othw wts)se dwtabte rt4&25 I¢$K) It aknm•S lo varbJs Indlwduals involvfd In Chnsban mirdstry. Gov•manc• Cost• Thi$ represents dired e¥pendSture on the gDvwnan¢e orme churth 3fKI c5¢$ of Inde1 ass•ssrnonl and prolesslonal 9eNleos for tho curreni y?ar. M0510l Ihe marYagt is carried oul iih)ut Lthar99 ty v¢Yunts&s. Ths ntaryle ojsi Is not Indudod In the Stat1n1 91 Finanoal Actyvilles Ilw¢ bs uJ51 for th•r $wM¢o. T8nqibl• Fix•d Set$ Freehok118nd and builditys are 1thJa¢d atd¢•Ded cc6l%thch %was used al lh8 O• Ortran$1 FRS1L12. Fre8htAd nd $ deprecAaied. Ottr fixed assets are indled •1 ¢osi D•pr•cl4tion Depreoalion has mi been charyJ M th• Church #r Th rosKknlial prwtMs 00d by Ihe Churr. bocause In Ihe opinion el ihe TnJ8lees, the residual valu8 of 8a¢h a$$61 L¥ greater than the catyThJ valw2. 1)epretsaih2n on Ottx¢d assets is t41AalY to te off the w51 en a'slralght. IID8' baS ovw the •y4Kted %%llh a y•ats d•p•tsabJn £ts9•J yol pw(a8e al rate of 25% anr. Fur Ac¢ountlng Reslncled. unreblridthj deggnaied UN¢$L gwwal ¥e s¢p¥atety ¢Jsd05ed In Ihe a15. Rostdaad funds are su4¢ to spriC reslricbons npos•J by the d¢)nor or by Ihe nawwe ollh¢ appe. Deswwai&a fupth afe set asde ai th• direction ofthe Iruslees lor spedfic purposes. They )Uld otherhise lorm part ol LTh8sirttld fvth1$. Spth)fK d8s¥nai8d fiJTras rewesentw fixc1 assets appear In lh8 accounts and thes8 are reathly availaDJe fof oihef purpos Exponditure Expendilure is on an acrnols bw'$, w gyants ¥•¢harg kn the awyJ)ts %th¢n pald to fv loriF4L R•a¢rves Pollcy A Special Reserve Is in Flace to make IsI?n fty Lml(xesaen rrstar. Tha rnswvo i& bag•J on 6 months ofmhislerlal costs and 3 monlhs ol other eXpeitUre. Penslon Costs The church pays c0nknbulns the 8apiist PtnsK)n S(th•ne. The $¢h0 is a multi.p10ytf Sm0 and il i% not Fx)ssiNe to Idenbfy the asset$ and li•bilities ol the 5the are otinbulable to the clxrh. Tl 50knme is VwefL¥e acccwlgj for as a dofinod 5rhem¢. C•sh ol bank and In hand Cash ai bank and in hand indth osh •bY sts)rt 1nWknts ith a m•tsJrityof tttree month$ or less fr theéate of opening oflhe dopwi. Creditors and provi510llS Cr8diiors and Pfowgons are recoJThsed %4tre the chanty ha5 a pr85wt(4J%gal arigr¥J frryn a pasl 01 thal wll probabty result in the transfer of nd5 to a Lhird parly amwnt duE 105eiOe Ih¢blvJolx ¢an be m¢aKtyJ or estimaied rbty. Creditr6 proOnS are rewgnised ai Iheir setMneni 8mount. F¢nan¢lal insirument$ The charlty ordy has finanwl 8S5ets and 58bil"IEs of a that ¢uahfy45 bas¢ instrtyrtL8. 8a%c finanoal ir6trumenlS are ¥tiallY ree¢grw5ed al trartSa¢li YalL* and measfftd atlh•rseluwI Wue. Page 11
Teddington Baptisl Church Notes to the financial statements for the year ended 31 December 2023 alysis of incL¥ne and expEnditure 2 Dortati•rM and109aci• UnrEstsicted DewgTrated Restrfct•d Total 2023 Total 2022 Bankers Orders ¢a$h & RefiJnd of IrKrme Tax Ministcrfs PaSrnI Fu¥J I0 Hous1 Fund Ir8 FumllLwe & EquI)ml Fwrtl Inr 88.7&fj 15.658 21.7 86,785 15,658 21,9)7 87.318 15.509 21.320 Total 126.350 128.850 128,253 3 Incomg Ir¢4h ¢h•ltabl¢ •Clfvity•• Unr•stdcttd Deslgrtaied R•strict•d T¢i¥l 2023 Toial 2022 Gwups 1.626 2.867 2.7g9 670 Év8n Open Door 8 Busy B•ès Unslopp8ble F8mllles Leithe L)ad5 Chjl Men'5 Min&lry Prlnvng & Photrtopy Chuich W•¢kw 2.867 2.775 10 256 4.839 12.879 230 4.639 12.871 Tolal 6,365 4 Oth•r Iradlnq ac1111•8 iknr•ri¢t•d D•yn•t•d R•stri¢i•d Toial 2023 Total 2022 Hiffj of ChLrfth Ptthmises Renl 5 Wpd?Cfesc8nl 51.087 20,0th) 71.087 51.087 20.C 71,OB7 51.933 4.8W Total 51,733 S InstMt5 Unr•slrict•d D•9n•d R•stiiet•d Total 2023 Total 2022 Ini8rest 8ank ACCO1# 5.848 5.846 s,a48 1.563 To¢•1 1,56J Page 12
Teddington Baptist Church Notes to the financial statements for tho year ended 31 December 2023 6 Expendrtur& ¢)rb ¢haritalJle xtiwtios. Preach4n9, Teaching. &Worship Unrestricted DesNJnated ReMrkted Total 2023 Total 2022 Mlnlsl8f5 Sary Minisierfs EmpWNIC Min18 Pslon Minislels Trawd & Expenses Assooale Vrfnisier's sary Associate Min151er% ER NIC Assooate Mini$iee$ PenOn Assooate Mnislees T&E Visual d8 34.450 875 4.158 34.450 875 4.158 76 32.175 1.e25 16.500 549 2.082 95 103 Confvence & As5bty Fees Fees & Expanses to Speake Klusic. Worthp & thpynght AudYJ Msual 8 359 518 519 263 159 Disople5h 20 10 58.362 41,145 41.145 T Expndltr• on charitsbl• xtivlll•s. Youth l&nl#try UnY•#trf¢¢•d O•slgn•t•d R•tri¢t•d Total 2023 Total 2022 1.210 1,210 Tts 8 Expendltur• on ¢harttsbl• •¢t[ik$- Evanylism & Oth•r MlnlslTi•s Vnro81ri¢1od Dsignatgd R•8lrKted Total 2022 2023 Evenl$ FamAioy & Cre Unswoable FamQi5 Open Door Bu$y 8ees Who Let the Dad5 thjt 175 972 260 322 571 322 571 421 1.288 1.288 1,279 182 M8n'5 Ministy MlsM & Iknch Fund Church Weekerk1 1.000 7.734 15.336 7.734 14.330 Tolal 7,801 9 ExPer{lUT2 on charftabl• xtlvilles. Fellowship Uhrestiict•d D•819rtated Re8trlct•d Tot 2023 Toial 2022 Calenng Pastofal 1.283 1.283 1.427 263 1.301 1.301 1,690 Page 13
Teddington Baptist Church Notes to the financial statoments for the year ended 31 December 2023 10 ExpBnditur8 on charitable acUvitiès- m510 Ilnstitutions Unrestdcted Oesigrwlod Restrictod Total 2D23 Total 2022 BMS Wthd Miss Homo Mlsg 9.294 9.309 18,58B 18.5B8 18.618 11 Expendltura on chariiable ad1vill. Establishmert unre¥¢19d O•519D¢d R•61rfcted Total 2023 T¢t)I 2022 Cl&aherfs Sary Clean¢ffs P¢nsbn CounGA Tax Housekeer0 & Sal InsuTrnce Q)niracts & srA Prem6e$ Rubbish & Re4WitwJ El8Ctricity Ga$ T8lephJne & Broadband Wa¢ DeprgciAlb Fumllura & Equpmeni Fu 8,724 762 8.724 782 3.835 826 6.226 4.583 34.9)7 8.148 815 3,835 826 6.226 4.583 34.9)7 4.820 620 7.173 5.529 30.425 4.821 5,713 3.974 1.198 6.636 815 10.478 4.1&9 1.614 10.478 4,169 1,614 741 741 Total 84.088 741 84,829 10,118 12 Exp•ndlturn on charftabl• aetlvltl•s. Managm•nt & Admlni•trnllon Unr•strbcthd Deslgn¥d Res¢riclOd Tolal 2023 Ttrtal 2022 AccounttThJ & Payr1 Bank ¢harye$ cornpub.ro & Sonware Prinong and Phokncopy Postage Pl1ty Sladonory Sthcripty 651 722 294 1.162 1.264 ie6 982 1,159 493 1.125 6.267 1.159 493 1.125 6,267 538 642 1.258 S,916 Tot•1 13 Govérnance Unr•slri¢led D•slgnaied R••trfct•d Total 2023 Total 2022 lThlepeThl•it EN2minatten Fee Legal aThY Professional Fee5 Legal Fees to sèt w CIO 2.56D 1.t47 1.147 3,707 3.707 s.yBo Page 14
Teddington Baptist Church Notes to the financial statements for the year ended 31 December 2023 14 Other expenditure Unre51rict•d De51gn3ted Restrict•d Total 2023 Total 2022 Baptist Pension Prows Legacy E¥peryJilur8 12 12 118.7761 175 Total 12 12 118.6011 15 EmWoye• Costs 2023 2022 Wages and Salarie5 Employs Natnl IUrae Ccfiirtthon Pension Contributn OJ)er c061$ Iwni. c4un¢il ta& w4t•r. PhNe. broadband) 43,174 875 $6.823 2.174 6.831 4.755 6.135 To18 53.797 71.963 Averago nufflbgrol pson8 p10fv by charity Thwe WEre no •mpbyees rec•¥8d Pyea ofmrffjo Ihan £60.c#)). The key rnanagemenl personnd r81 pk)Ye¢ of t39.48312022'. £56.7971 the . 2023.. 2 2022.. 3 16 Exp•ns88 and Oona¢i¢)n Apart Irom the ministers ro okner thnlee5 rx¥ed rernuwati ¢Jwr¥J th• The deg•ls of lh• M¥tl femuneralk)n are in 7 and these paymants a Oy c.$ wskntution. Expen505 01 £nil12022.. £10] rdmbJrW io tru$tee8. 2023 2022 Total donèb'OrnS Irtyn tru51ws 19) 15. Thwe re rK> other ra1y parry trac ywr. 17 Tanglbl• Flx•d Asxl# Frwhold Ffjxtur•s. L¥nd and Flltlngs & Bulldlngs Equlpn•Tht Tot•1 Cost or 088rnèJ ¢o$t Al Wlnnhg ofyew Additions Clsposals Al end ofyear 7.337.733 183246 7.STr).979 2.110 2.110 7.337.n3 165,3S6 7,9)3,089 ooplahon Al of yo¥ Released on di5W)S Depreryan Al er olya8r 19).835 1eo,e35 1.469 182.304 182.304 Nel 8ookVue Al bg)nYKng ofyear Al end of year 7.337.733 7.337.733 2.411 7.NO.144 3.052 7.340.785 Pagg 15
Teddington Baptist Church Notes to the financlal statements for the year ended 31 December 2023 18 Debtoys 2023 2022 Hire of Pr&es &ft Rep8irynent PrepaYMl% 3.402 2.191 7.973 4.687 S.926 11596 TctsLs 19 Cash at bank and in hand 2023 20 Bardays cUrrentknt CAF Cash Accwnl CAF Gokl ACTrI Baptisi Uni(h) Ctsiporat Aitouni Petty Cash A¢wunt LoTrYon 8apts$i Property BD*d 10.387 45.368 e6.308 20.027 172 109.403 251.029 $7 105.277 195.220 rot•l• 20 Cr•dliors.' f•lUnp du• ifi ¢)np 2023 2022 AGryua15 Deferr8d Incom• 12.153 5.294 2.625 13,993 Page 16
Teddington Baptist Church Notes to the financlal statomenls for the year ended 31 December 2023 21 Fund Movements Currént >4r2Q23 Opening Incomo exnd11re Translers Closing General fund 80.7Tr) 216.1V2 211162 171.128 171.128 I7.8) 17.890} 117,844 117,844 Total unr1Cl¢d 80.700 8WIngS Le9aty Mi$$ion 8nd Qjtreath FLThJ Speoal ReseN Fd Buil¢Jiro Repalrs Pension ReseNe Additional WOrS Fu Speoal Projects Fund 7,337.733 7.216 5,527 7.)37,733 7,216 4,527 17,OWI 17.lJOO 17,000 25,rxo 25,C#)O Total O•¥lgnat•d 7.440.476 10.000 7,449,476 Family 8fj Youth Werk Pd Furnitur• & Equikxreni Fund Housng- Hour Fund Min5stefg Pastoral Fund 8.917 741 12.1101 5.617 3,250 5.817 3.250 Total R•rkt•d 18.865 1500 741 12.1101 18,514 Grand Total 7.540.N1 218,662 172.889 7,505.B34 Tho Bulldlrys lund c819 ol Ih&church r•shJWJal at 79 Hamptén Road aThJ 5 V¥alpc4e Cr8scnl. This fuid is not readily availabkn foroihtr purp)ses. Th8 Legary Fund 1$ f¢r monil¢rtry lh¢ •Xpéndlf of Wg'¢s. Thts (krta¢h Finl was sel up ID 2013 to put as8 for rnith •d lh• ¢fvr¢h. The Sp•d& Reswè Fu VAS $01 as a pro44on * ¢o¥w any wrforw (Ule c¥trJms1%Th5. It 15 to covtr 6 months ofMkni$lero1 $18 3 months ofolherrnsl5. Tl)e Buldina Repar5 Fund LS to ¢ovtr on the is addiLwI 10 the tAJgeled %ls $ts. The Pensiw Reswve is m Cr¢'S lthlity lo the 84)tist Sch•D• defry¢ 15 b•ry p•'d ir%talments1see Pet7sk)ns se¢tsiNIl. The Additional Wark•t5 FL0 lo asstsl In for addllHx41 suff in thefuttxe, the M¢om• may be insuffiowl to cover lh8 eo$ts. Th• Spoual Proie¢ts FurKI •$ set h) 2017 for wadès to Ihe (nfer rrx4m and offtes. arkl for roof repairs. Thg Family Youlh W¢th Fund Is a iestriciJ hjnd for the f¢ wl to thklien aThJ adult5. The Furnihx& & Equtsi1 Fund Is a reStred luTrl 1orthywbC SpIlY for ww)sÈ ¢fpufchawrg fumitrjre #nd •guient f the ¢hurch. The transfer thJriTrJ Ihe yew was made VE pwdwse cla ftvl ass. The HwsiNJ Fund makes of up to £2.000 lo lTryiL rnberS %sh move ITr the Wl ar8a. 10 ènabl8 ihem 10 CQDllnue to be Involved in Ihe chwGI. Payrnts made affj &¥ts. the iniwmbji ts Ihai the recwer wl pay bxk Ints the fund in iha future trey are able. The Mirw$rs Paswal FuThJ Is Ircffl donatior to K4nL%wto W mwnbws oftt* in vnftyeseen difflrgjlbes. Page 17
Teddington 8aptist Church Notes to the financial statements for the year ended 31 December 2023 Pie¥lous 2022 Openlry lrt¢om• Expenditure Transfers Closfjng G8ner fund 69.057 188. 177.ml 177.380 215 80.700 80,700 r¢x Unrnstrfcthd 89,057 188.8lVI 215 7.337.733 9.030 7.527 7,337,733 7,216 5,527 LegaLy 175 11.6391 and OJtrexh Special Resefye Fund Buildiw Repairs Pw5K)n Reserve 121.SOOI 25.C 118.7761 2.724 A¢dillonal waer$ Fd Special Projects FLmd 25,000 Total O•slgn•ted 7.421790 11&6011 1.085 7,440.476 FlIyal Ytyjth Wolk Fu>Y FltUre & eqUIent Fml H¢xJsSng- Hougng Furrtl hh'NlsWs Pastoral FL 432 815 11,3001 8.917 S.817 3,250 18,86S 5.811 1.750 T¢to1 ReiriGi•(I 16.874 $15 11.3001 Grand Total 7,508.721 192,914 161,594 7.540.041 22 C1mItMent• und•r op•r¥b"n9 l•a8 The tot31 lre minimum payments rnrFL%rtdL8ll•oFeralk¥ we as rc110.. 2Q23 2022 In l yèar 2.5 year¥ 573 1,267 573 Operaknng lease payments rÉcogwJ as •) eygew thi% £89812022". ET831. 23 P•ftslons The Church is a participating employer in the Baptist Pension Scheme I'lhe Scheme.), which 15 8 separ8te legal entity administered by the Pension Trustee (Baplisl Pension Trust Limited). The assets of the Schem8 a held separately from those of the Employer and the other pa'¢iPating employers. The Scheme, prewously known as the Baptist Minislers. Pension Fund. started in 1925, but Was closed lo future accrual of defined benefits on 31 December 2011. Prior lo Ihis date the main ber)efit provided through the Defined Benefit IDB} Plan was a pension of one eightielh of final minimum pensionable income for each year of pensionable service together with additional pension in respect of premiums paid on Pensionable IncrAne in excess of Minimum Pensionable InMe. From January 2012, pension provision is being made through the Defined Contribution {DCI Plan within the Scheme. In general, members pay 80/0 of their Pensionable Income and employers pay 6Yo of mernbers, Pensionable Income into individual pension accounts. which are operated and managed on behalf of the Pension Trustee by Broadslone Corporate Benefits Ltd. In addition. the employer pays a further 40/0 of Pensionable Income lo cover Death in Service Benefits, administration costs. and an associated insurance policy which prowdes income protection lor Scheme members if they a unable to work due to long-term incapacity. This income prolection policy has been insured by the Baptist Union of Great Britain with Aviva Limited. Page 78
Teddington Baptist Church Notes to the financial statements for the year ended 31 December 2023 The Scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. Because it is not possible to attribute the Scheme's assets and liabilities to specific employers, the scheme is accounted for as if the Scheme were a defined contribution scheme. The Ministers are eligible to join the Scheme. Recovery Plan In addition to the contributions to the DC Plan sel out above, where a valuation of the D8 Plan reveals a deficit the Trustee and the Council agree lo a rale of deficiency contributions from churches and other employers involveé in the DB Plan. On 30th June 2022 the Baptist Pension Scheme signed an agreement with the insurance company Just Group I"Jusl") lo secure DB Plan members, pension benefits. Just are now providing financial backing for all pensions provided through the Scheme's DB Plan and following this transaction, the Scheme no longer has a shortfall. An updated Recovery plan was then signed in August 2022 under which recovery contributions from each participaling employer in the DB Plan reduced lo £1 per month from August 2022. Page 19