REGisfERED CHARifY NUMBER: 1198633
rt f the Trustees and
d Financial Statements for the Peri
14A
2022 to 31 Dec
mber 2022
Prin￿'S Drive Ba
urch

Prince's Drive Ba
tist Church
ntents
eriod I
the Financial Statemen
ril 2
22to
l De￿mber 2022
for the
Page
Report of the Trustees
I to 3
Independent Examiner's Report
Ststement of Financial Acttvities
Balance Sheet
Notes to the Financial Statements
Detsiled Ststement of Financial Activities
10 to 11

PrIn￿'S Drive Ba
tist Church
Re
rtoftheTr
for the Period 14 A 112022
Decem
er 202
The trustees present their report Wtth the financial statements of the charity for the period
14 Apri12022 to 31 December 2022.
OBJECTIVES AND AcfIvITIES
Objectives and aims
The aim of the church is that of the advancement of the Christian faith to the principles of the
Baptist denomination.
The church also aims to further educate and cary out other charitable purposes in the United
Kingdom (UK) andlor other parts of the world.
In fulfilling the purpose, the Chur(h will engage in a range of activities either on its own or with
others that will vary from time to time. The activities may indude, but a￿ not restricted to..
Regular public worshipi prayer, Bible Study, preaching and teaching;
- The Communion of the Lord's Supper;
Evangelism and mission, locally, regionally, nationally and internationallyi
- Tre teaching, encouragement, welcome and Inclusion of young people.
Nurture and growth of Christlan disciples.
Education and training for Chrlstian and community service,.
Giving and encouraging pastoral care;
Supporting and cncouraging charitable social action.
Encouraging relationships with and supporting Baptists and other Christians;
FINANCIAL REVIEW
Principal funding sources
The primary source of revenue relates to amounts received from Church members and ittendees
by way of direct and cash offerings and donations.
Investment policy and objectives
The Church offi￿rS have considered the most appropriate policy for investing funds, which is, at
present, to hold surplus funds on deposit at the Church's banks.
Reserves policy
The Church Officers have establlshed a policy whereby the unrestricted funds held by the charity
should ensure the essential costs ( ) of a full tsme ministry for six to nine months. Based on the
2022 accounts, this equates to an amount from £51,147 to E76,720 in general funds. Should
reseNe funds be drawn down as the result of an unforeseen emergency, measures will be taken
to restore the reserves to the agreed level within five years. This policy will be reviewed again at
the 2023 AGM.
( ) Essential costs equate to total annual unrestrirted expenditure minus expenditure on gifts and
depreciation.
Page I

Prince's Drive B tist
Re
d14A
tees
ri12022 to 31 December 2022
ftjr the Peri
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an
unincorporated charity.
Recruitment and appointment of new trustees
Five weeks (Sundays) before a Church Members meeting, considering a trustee appointment
(re-appointment), nominations are invited from members for the roles. nominations must be
submitted in writing with the supporting signature of tWD Other Church Members and the consent
of the candidate, to the Church Secretary or equivalent. Three weeks {Sundays) before the
meetlng the nomination5 are published to the members for prayer and consideration. Trustees are
appointed for 1, 2 or 3 years after which they can be re-appointed by following the sarne
procedure.
In order to avoid the entire trustee body retiring at the same time, appointments are made for
different durations of servlce. The exceptions are the Secretary and Treasurer positions which are
for l year but can be re-nominated for as many years if they and the membership are content.
Oryanisational strncture
Prince's Drive Baptist Church is a Charitable Incorporated Organisation (CIO), registered with the
Chartty Commission and operational from 14 Apri5 2022 when tt transferred the assets and
responsibilities of its predecessor organisation, whidi was an ex￿pted charsty.
Risk management
The Church Officers have conducted their own review of the major risks to which the charity is
exposed and SYSten￿ have b&n established to mitigate those risks. The Churth Officers do not
consider there to be significant external risks to funding. Intemal risks are minimised by the
implementation of Pro￿dureS for authorisation of all transactions and to ensure consisient quality
of delivery for all operational asperts of the charity. These procedures are periodically reviewed
to ensure that they still meet the needs of the charity
REFERENCE AND ADMINISTRATIVE DEfAILS
Registered Charity number
1198633
Principal address
Princes Drive
Colwyn Bay
Conwy
LL29 8LA
Trustees
Revd Dr R L Beamish (appointed 141412022)
Mrs L Beamish (appointed 2415/2022)
P W Dutton (appointed 14/412022)
J K Finch (appointed 141412022)
K J Hewrinson (appointed 141412022)
Ms R E Verghese (appointed 1414/2022)
R W Evans (appointed 141412022)
B Nuss (appointed 1511112022)
M Coulton (appointed 15/1112022)
Ms E CoLJlton {3ppointed 1511112022)
R Evans (appointed 15/1112022)
R Lander (appointed 15]1112022)
Page 2

Prince's Drive Ba
tist Church
for
he Perio
14A
ril 2022
l De￿mber 202
REFERENCE AND ADMINISTRAnVE DEfAILS
Independent Examiner
Pritchett & Co
Chartered Accountants and Chartered Tax Advisers
16 Wynnstay Road
Colwyn Bay
Conwy
LL29 8NB
Approved by order of the board of trustees on
behalf by-
t3
and signed on its
ewinson - Trustee
Page 3

In
ndent Examiner's Re
Prince's Drive B ti
rt to the Trustees of
hurch
Independent examiner's report to the trustees of Prince's Drive Baptlst Church
We report to the charity trustees on our examination of the accounts of Prince's Drive Baptist
Church (the Trust) for the period 14 April 2022 to 31 December 2022.
Responslbilities and basis of report
As the cnarity trustees of the Trust you are responsible for the preparation of the accounts in
accordan￿ wlth the requlrements of the Charities Art 2011 ('the Act,).
We report in respect of our examinatton of the Trust's accounts carried out under Section 145 of
the Act and in carrying out our examination we have followed all applicable Directions given by the
Charity Commission under Section 145(5)(b} of the Att.
Independent examiner's Statement
We have completed our exatnination. We confirm that no rnaterial matters have come to our
attention in connection with the examination giving us cause to believe that in any material
respett:
accounting records were not kept in respeLt of the Trust as required by Section 130 of the
the accounts do not accord with those record5,' or
the accounts do not comply with the applicable requirements concerning the forrn and
content of accounts set out in the Charities (Accounts and Reports) Regul¢ltions 2008 other
than any requirement that the accounts give a true and fair vlew which is not a matter
considered as part of an independent examination.
We have no concerns and have come across no other matters in conneclion 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.
Pritc.hett & Co
Chartered Accountants and Chartered Tax Advisers
16 Wsfflnstay Road
Colwyn Bèy
Conwy
LL29 8NB
Date:
231oc12....a.....................
Page 4

Prince's Drive Ba
tist Church
Statement f Fi
ncial A
no
14 A ril 2022 to 31 December 2022
Unrestricted Restricted
fund
fund
Total
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and other
93,022
93,022
Investment income
282
282
Total
EXPENDITURE ON
Charitable activitses
Gifts Missions
Gifts other
8,530
500
8,530
500
Other
Total
93,775
NET INCOME/(EXPENDrnIREI
1,974
(2,445)
(471)
RECONCILIATION OF FUNDS
Total funds brought forward
118,664
464,756
583,420
TOTAL FUNDS CARRIED FORWARD
120.638
462311
582,949
The notes forni part of these financial statements
Page 5

Prin
'$ Drive B
urc
Balance Sheet
mber 2022
Unrestricted Restricted
fund
fund
Total
funds
Notss
FIXED ASSETS
Tangible assets
22,319
462,311
484,630
CURRENT ASSErs
Cash at bank 2nd in hand
98,319
98,319
NET CURRENT ASSErs
TOTAL ASSETS LESS CURRENT
LIABILITIES
120,638
462,311
582,949
NET ASSETS
120 638
462 311
582,949
FUNDS
Unrestrlcted funds
Restricted funds
120,638
462,311
TOTAL FUNDS
582 949
The finanaal statements were approved by the Board of Trustees and authorised for issue on
and were signed on its behalf by:
ewin50n - Trustee
The notes form part of these financial statetnents
Page 6

Prince's Dnve Ba
tist Church
otes
for the Perl
th
14A
in
il 2022 to 31 De￿mber 2
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charty, which is a public beneftt entity, have been prepared
in accordance with the Charities Act 2011. Tre financial statements have been prepared
under the historical cost convention and include the resuits of the Churth's activities on a
receipts and payments basls.
Income
All income is recognised in the Statement of Financial Activities Once the charity has received
the funds.
Expenditure
Expenditure is recognised ontr incurred. ExpenditLfre has been classified under headings
that aggregate all cost related to the category. Where costs cannot be directly attributed to
particular headings they have been allocated to activities on a basis consistent with the use
of resources.
Tangible ffftd assets
Depreciation is provided at the following annual ￿te5 in order to write off each asset over its
estimated useful life.
Fixtures & fitiings - 20Qk reduang balan￿.
No depreciation is accounted for on the freehold property.
Taxation
The chèrity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds cfjn be used in accordance with the charitable objectives at the discretion
of the trustees.
Restritted funds can only be used for parttcular restriLted purposes within the objects of the
charity. Restrictions arise when specified by the donor or when funds are raised for
particular restricted purposes,
Further explanation of the nature and purpose of each fund Is included in the notes to the
finsncial statements.
Page 7

Prince's Drive B tist
hurch
es
for the P
th
tinued
er
022
ril 2022 to 31 De￿￿
ACCOUNTING POLICIES - continued
Pension costs and other post-retlrement benefits
The charity operates a defined benefit pension scheme. Contributions payable to the
charity's pension scheme are charged to the Statement of Flnancial Activities in the period to
which they relate.
The Church has previously been notified of a potential deficit in the pension fvnd. As at 20
June 2022 this deficit, as advised by the Baptist Union was E9,100. However, the Church
officers have subsequently received corresponde1￿ adwsing that there is no further
shortfall debt.
INVEsfMENT INCOME
Deposit account interest
282
TRUStEES' REMUNERATION AND BENEFrrs
Thefft were no trustees, remuneration or other benefits for the period ended
31 December 2022.
Trustees, expenses
There were no trustees, expenses paid for the period ended 31 December 2022.
TANGIBLE FUED ASSETS
Fixtures
and
fittings
Freehold
property
Totals
co
Additions
452 532
492 655
DEPRECIATION
Charge for year
NET BOOK VALUE
At 31 December 2022
452 532
32,098
Page 8

Prince's Drive Ba
tist Church
Notes
ft)r
e finan
tements - continue
erlod 14 A il 2022 to 31 December 2
22
MOVEMEHf IN FUNDS
Net
movement
At
in funds 31112122
At
1414122
Unrestricted fund5
General fund
118,664
1,974
120,638
Restricted funds
Church Buildings
464,756
(2,445)
462,311
TOTAL FUNDS
583,420
582 949
Net movement in fiJnds, included in the above are as follows:
Incoming Resources Movement
resources expendedin funds
Unrestricted funds
General fund
93,304
(91,330)
1,974
Restricted funds
Church Buildings
(2,445)
(2,445)
TOTAL FUNDS
93,304
93 775) L471)
RELATED PARTY D15CLOSURES
Prince's DF&ve Baptist Church is a Charrtable Incorporated Organisation (CIO), registered
with the Charity Commission and operational from 14 April 2022 when tt transferred the
assets and responsibilitie5 of its predecessor organisation, which was an excepted charity.
Tho value of the freehold propety transferred In was £452,532 and the value of the flxtures
and fittings was £31,670.
Page 9

ince's Drive Ba
t Church
De
iled Statement of Financial A
ivities
r the Period 14 A
ril 20
2 to 31 Decem
er2
22
INCOME AND ENDOWMENTS
Donations and other
Freewill offering
Income Tax refund
Other income
61,210
9,672
93,022
Investment income
Deposit account interest
282
Total incoming resources
93,304
EXPENDITURE
Gifts
Grants misslOn5
Grants other
8,530
500
9,030
Support costs
Administration
Subscriptions
Event payments
Catering
Telephone
Equipment
Depreciation
Expenw Ind bank charges
2,226
1,534
1,189
489
65
5,580
1,562
12,645
Human resources
Wages
Pensions
31,433
40,042
Property
Rates and water
Insurance
Carried forward
171
2,272
2,443
This page does not form part of the 5t4tutory financial statements
Page 10

Prince's Drive Ba
tist Church
etailed Statement
for the Perio
14 A rll 2022
ivities
l December 2022
Property
Brought fomard
Light and heat
Repairs and maintenance
Cleaning
Depreaation
2,443
3,511
2,301
1,065
2,445
11,765
Missions
Mission costs
4,736
Manses
Rates and water
Insurance
Repairs and maintenan
10,992
894
12,971
Governan￿ costs
Independent examination
Solicitor5 fee5
1,500
Total resources expended
Net expenditure
This page does not forni part of the statutory financial statements
Page 11