Company Tegistration number. 00209503
Charity registration number: 247113
North Western Baptist Association
(A company limited by guarantee)
Annual Report and Financial Statements
for the Year Ended 31 Decwnber 2023

North Western Baptist Association
Contents
Reference and AdmIn￿tratiVe Details
Trustees, Report
2to6
Independent Examillegs Report
ststement of Financial Activities
8t09
Balance Sheet
io
Notss to the FinanciaL Statsments
llto21

North Western Baptist Association
Reference and AdMi￿trative Details
Trustees
Reverend Z Adeleye
Reverend G Ayoma
K Banks-Lyon
R¢v¢rend J Bradbury
Reverend P Jujnp
Mrs D Londriau
Mrs S Nutter
Reverend S Oxley
Ms L Quigley
Mr M RHeaton
Secretary
Principal Office
Independent Methodist Resource Centre
Fleet Street
Pemberton
Wigan
WN5 ODS
Registered Office
1st Floor
Block C
The Wharf
Burnley
BBII IJG
The Gharity is incoqK)rated in England.
00209503
Company Registration Number
Charity RegistrationNllmber
247113
Bankers
Unity TrL8t Bank
Four
Brindley Place
BI 2JB
Independent Examiner
Champion TLL Lin)ited
7-9 Station lioad
Hesketh Bank
Preston
PR4 6SN
Page I

North W￿tern Baptist Association
Trnstecs, Report
The trustees, who are directors for the purposes of company law. present the annual report tocrether with the
fmancial statements of the charitsble COLDpany for the year ended 31 December 2023.
Objects
The objects of the charity as set out in its Memorandum of Association are:
The advancement of the Cknristiall religion especiaIly by the means of and in accordance with the principles of
the Baptist denomination as set out for the tin]e being in the Declatation of Principle of the Baptist Union of
GreatBritain.
Public BenefAt
The trustees confirn that they have complied with the requirements of section 17 of the Charities Act 2011 to
have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Report on 2023 Objectiv
While we recognise the importance of setting and being beld to account against agreed objecttves, all important
part of NWBA'S role is also being able to adapt to changing circumstances. and support churches as they do the
satne. Perhaps one of the greatest lessons of recent years is that uncertainty cannot be avoided, and that
flexibility and responsiveness are important to a succ￿fill organi￿tiOn &8 strategy and obj￿tiVes.
While we bave retained our focus on the agreed objectives for the year* oullined in our 2022 Annual Repor4
we have also responded to new initiattves and challenges &$ they have emerged. These have included:
PROJECT VIOLET: A significant action r￿earch project inittated by BUGB to bigblight and respond to the
experiences of wonlen in ministy and leadership. We have welcomed the issue rdise througb this and etwed
positivety to consider bow NWBA should appropriately respon
CHURCHES TOGETHER IN CHBSHtRE: There has been a need to support a significant transition in the
operations of Churches Together in Cheshire in which NWBA Regional Ministers have played a major role, due
to their associated responsibilities in this respecL
LEARNING OPPORTUNITtES: We bave been pleased to support one of our ministers in establishing a
network of Christian thinkers and activists to better understand the missional and theological implications of
"Artificial Intelligence" We have also engaged in deeper parthersbip with Northern Baptist College in
developing leaders.
EVERYONE EVERYWHERE: We have been actively involved in an emerging network of Baptist leaders
seeking to pIace a ￿eater emphasis on mission and evangeli￿ which is due to be lauuched at the 2024 Baptist
Assembly.
Engaging WAtb these has requtred us to re-prioritise some of our 2023 objectives, but we would report the
following outcomes:
Introduce and develop annual focus on discipleship: -ShariDg God's Treasure" was promoted through the
year, also seeking to complement this with Tim's BUGB President's thell￿. MET
Develop NWBA Team and embed Dew appointments: All plallned appointments were made. though the
Church Life Minister for Cheshire stood down at the end of the year following a new appointment elsewhere.
The team continued to work well together being appreciated by th¢ NWBA clllwches and leaders. MET
Page 2

North Western Baptist Association
Trnstees, Report
Work with Renew Wellbeing: Unsurprisingly. growth of new settings has not been as marked as when this
illitiative was launche￿ but we have Continued to work in partnership, using this as a platforni to promote
well-being more generally. MET
Physical gathering/AG￿. We are gratethl to H￿1 Grove Baplist Church for hosting our first "in p¢rson"
AGM gathering since 2019. this was well received and attracted a significant number of participants. MET
Further consolidate and develop the Transitional Ministry Team initiativ¢: The team of transitional
n]inisters has continued to grow with regular gatherings for learning and reflectiotL This has aIso attracted
ministers in simiIar roles from outside our Associatio￿ that we have been pleased to welcome. MET
Offer and expand Leadership Development Hubs: Unfortunatety, demands and challenges elsewhere have
not allowed us to give this the attention we hoped. It remains an important part of what we would hope to offer
as an Association NOT MET
Continue to offer and develop the work of the latchford L£arning Hub: The group met monthly througbout
2023 and continues to attract new participants as they r￿d themselves in new leadership Toles. MET
Appointment of a part-time Communications & Digital Lead: A part time appoiDtinent was made in Autull)n
2023. MET
Explore partnership Ivith B2Ptist Environmental Netiyorlc - Ivhile there remaiDS interest and con]miiment
to this at local church leveL we have noÈ been able to develop this at Association leveL partly due to a cI]ange in
peTsoDnel. NOT MKT
Review & develop Ministers. Conference: A significant review w&8 Undertake￿ thougb a significant part of
the response indicated contentment with its present structure. Some changes have been made in the ]ight of
comments and the event continues to be offered. MET
Continue the l(WBA Pioneer Network: The network continued to meel faciIitated by a Regional Minister
through 2023 MET
Re-explore the development of #hub Church￿". Ivhile some broad convetsations have taken plac4 8nd local
partnerships encourage4 this has not been developed fornially NOT MET
Support BUGB human sexuality consultstion: The consultation proceeded throllgb 2023, NWBA supported
churches and leaders through forn)al events and one-to-one engagemenL MET
Skelrnersdale Ecumenical Centre: The Centre has reacbed a place of fillanci￿ stability with the building debts
now paid. NWBA RM continued to be secondment through the year. MET
IDisciple} programme and BUGB Young Leaders initiativ&= The programme has been offered througlLOUt
the year, and while participant numbers have not always been at the level hoped for, the progrdmme has been
well-Teceive(L with a significant cohort ofyoung leaders engaging througblMPACT and similar events. MET
Maintain core actÉvities (IMPACT, Safvduardingg W NAM development and oversighL CMD)= These
have all been offered and conttnued through the year, with the Saft8uarding training backlog now largely
addressed. Work has aIso been done on an onIine Ix)oking system vA]ich signifiCat￿Y streaD]lined
administration. MET
BUGB finance review: NWBA officers and trustees have fi￿Y participated in the BUGB finance review. MET
Review and develop NWBA'S Safegn2rding resourw: This was undertaken in collaboration with BUGB. A
key outcome of this is the online booking a￿gement MET
Page 3

North Western Baptist Association
Trustees, Report
Objectives for 2024
Facilitate a strategic review event for trustees and team members &8 a foundation for further consultations in the
light of BUGB finance review.
Continue to proniote a sense of belonging and purpose through the A550ciation theme"Open our Byes"
Continue to offer and develop ongoing NVIBA initiatives and events incEuding, Ministers, Conference,
Latchford Learning Conllnunity. Transitional Ministers, Home missio￿ If￿ACT weekend. Pioneer Network
etc.
Develop an Association response to BUGB Project VioletrecoD)mendations with clear implementation aims and
objectives.
Engage with BUGB Finance review to put steps in p]ace for NWBA to be financially sustainable in the medium
tern.
Complete a series of consultation events for churches and leaders with particular reference to the BUGB
Finance Review.
Establish the NWBA support CIO witb initial support ph￿￿ in place.
Sustaiti our Ecumenical engagement with particular priority to supporting transition at the skelD￿rsda1e
Ecumenical Centre and Churches Together in Cheshire.
Participate in the Baptist"Everyone Everywhere" initsative to help churches and leaders to more fi￿Y engage in
n]ission developmenL
Continue to develop and offer {Dtsciple} Progranune including a foundationaL Intern scheme.
Continue to engage with "diaspoTa" thurches with specific intention to more thlly include co]wegations and
members from non-British traditions.
Work with Churches Together in Merseyside and Liverpool Free Churcb Council to develop an ecumenical
recognition of the 40th Anniversary of "Faith in the City. in 2025.
FINAIYCIAL REVIEW
The Charity's main source of amiual Tecurring Éucome is a ￿ from the Baptist Union of Great Britain. BUGB
income consists of Home Mission givin& legacies and other income. Our granf is a predetern]ined percentage of
total inoome of BUGB in the financial year. This source has been subject to flucbjations over recent years and is
dependent on the financial perforn]aDce of BUGB each year. BUGB has commenced a review into the fi]nding
of associations to reduce the uncertainty that this causes.
During 2023 NWBA received £102,430 (2022: £136.697) from the sale of closed churches. Otber sources ot
income indude illdividual a[￿ Church donations.
Although there is the review of BUGB fjnances currently underway, the trustees of NWBA are looking at
alternative ways to fiud our activities and reduce reliance on BUGB.
PLoe 4

North Western Baptist Association
Trnstees, Report
Expenditure is mainly in gants and stsff costs. with team metnbers empIoyed or seconded in different roles
across the region. rnainly in part time posts. £139.939 of grant payments to Churc1￿ and projects were made in
the year. The Baptist Pension scheme deficit contributlons are now £1 per montlL
Investment portfolio gains amounted to £6,921.
Overa]l a deficit orose on the unrestricted fund of £10314 ill 2023 - thankfully the charity has significant
reserves to cover this, alld the trustees will continue to a deficit budget into 2024 by continuing to iuvest in
stsffing and support for our member churches and their congregations.
Funds
Unrestricted funds
The Charitys uDrestricted reserve ci)nsists of a general fimd and four designated fi￿d& which at the year-end
amounted to £795,155 (2022:£805,469) wbiclL the Trustees bave allocated as follows:
General fund £215,355
SocÉal investment Propety £300,906
Contingency fund £200,000 (fornierly one yeafs n￿nI￿ costs)
East Lancasbire fulld £78,914
Pension reserve £Nil
The pension reserve is to cover the calculated deficit that would be due to the Baptist Ministers Pension Fund
for NWBA current and fornier employees. The fund is in sutplus and the reserve is no Ionger requireiL
The improvements in the property owned by the charity in Melling and used for the work undertaken there is
complete. It is considered that the cutTent valuation of the property will be in excess of the acquisition cost and
improvements. with a n]arket assessment to be made, although there is no intention of disposing of the &8set.
Restricted fund:
Ministerial Emergency Fund:
This 15 fi￿ded by donations and is used to enable stsidy grants and fmancial support for ministers in nee
Grants of £2,125 (2022:£1,300) bave beenmade during the year.
Investment Powers and Restrictions
The Association uses the services of an investment manager for botb Association and Church inveslments. The
policy Is to maximise return on invesÈment within a secure base. on a sound ethical platforni.
Loans and grants
The Association does not make loans available to churches.In addition to Home Mission grant ft￿dill￿ we do
on occ&sion'award grants to churches on application for Mission and Equipment and to cover deficits on the
Baptist Ministers Pension FuThd (defjned benefit scheme).
R￿erVeS pojicy
The cI]arity has set aside £200.000 as a designatrd fund to cover one yeavs rutADing costs of the charity
(excluding grant payments) due to the Wkcertainty of the amount of grant fimdi￿(r from BUGB, which in itself is
dependent on ￿ft8 and legacies for its own income. The re￿￿inIng reserves held in the general fillld are
available for future projects.
Page 5

North W￿tern Baptist Association
Trustees, Report
STRUCTUR& GOVERNANCE AND MANAGEMENT
Governing document
The Company is governed by its Articles of Association dated 28th March 2019, as approved at the Special
General Meeting of member cbur¢hes.
Supporting the Articks procedures on electing trustees.
Trustees serve for up to a three year period and a n￿lMUM nine years.
FurtlLer sub committees are appointed when and if required by Council for specifioputposes.
Risk Assessment
The Trustees have introduced a risk n￿lagement process to assess busin￿ risks and implement systems to
mitigate these risks. The procedures will be periodically reviewed to ensure that they still meet the needs of the
Charity.
Custodian trusteeship
The NWBA is a CustodiatL TnL%tee for many churC1￿S in its membership. It holds propety, stocks arld shares
and bank accounts ITh its position as trustee. Deeds to properties are held with the B4)tist Union Corporation,
other &ssets are held separately from Association own assets.
Sm211 Compani￿ provision statement
This report has been prepared in accordance viith the sma][ companies regime under the Companies Act 2006.
The annual report was approved by the trustees of the charity on 2 Septejnber 2024 aud sigu¢d on its behalf by:
Reverend S Oxley
Trustee
Page 6

North Western Baptist Association
Independent Examiner's Report to the trustees of North Western Baptist Association
I report to the charity tr[￿teeS on my eKqmi￿ti0n of the accou￿ of the charlty for the year ended 31 December
2023 which are set out on pages 8 to 21.
Respective responsibiIities of trust￿ and examiner
As the charity's trustees of Nortb Western Baptist Association (and also its directors for the puryoses of
company law) you ar¢ r¢sponsible for the preparation of th¢ aG¢ounts in accordance wkth the requirements of tbe
Companies Act 2006 ('the 2006 ACV).
Having satisfied myself that the accounts of North Western Baptist Association are not required to be audited
under Part 16 of the 2006 Act and are eligible for independent examinatio￿ I report in respect of my
exan]ination of your charity's accounts as CaEried out wider section 145 of the Clwities Act 2011 ('the 2011
Act,). In ca￿ing out my exatnination I have followed the Dlrections glven by the Charity Conm]ission under
section 145(5)(b) of the 2011 ACL
Independent examiner's statement
Since North Western Baptist Association's gross income exceeded £250.000 your examiner must be a member
of a body listed in section 145 of the 2011 ACL I CODfirm that I am qualified to widertake the examination
because I am a member of tbe ACCA. which is one o£*he listed bodtes.
I have completed my exan)i￿o￿ I CODfirni that no matters have corne to my attention in connection with the
examination giving me cause to bejieve:
l. accounting records were not kept in respect of North Westem Baptist Association required by sectio
386 of the 2006 A¢ or
2. the accounts do not accordwitb those records: or
3. the accounts do not comply with the accounting requirements of sectioll 396 of the 2006 Act other than
any requiretnent that the accounts give a 'ttu¢ and fair view, which is not a matter considered &$ part of a
independent exami￿tion. or
4. the accounts bave not been prepared in accordance with the methods and principles of the Ststement of
Recommended Practice for accounting and reporting by charities [applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Jreland (FRS 102)].
have no concerns and have come across no other matters in connection with the examination to which attention
sILould be drawi in this report in order to eDable a proper understanding of the accounts to be reached.
A Bell ACCA
Champion TLL Limited
7-9 Station Road
Hesketh Bank
Preston
Lancashire
PR4 6SN
2 September 2024
Page 7

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North Western Baptxst Association
(Registration llULuber: 00209503)
Balance Sheet as at 31 December 2023
2023
2022
Note
Fixed assets
Other investments
Social investments
14
14
332.166
300,906
379,984
300.906
633,072
680,890
Current assets
Debtors
Cash at bank and in hand
15
132,451
47.965
138,005
306,259
180.416
444264
Creditors: Amounts falling due within One year
Net current assets
16
15.385
316,812)
165,031
127,452
Net assets
798,103
808,342
Funds of the charity:
Restricted income funds
Restricted fimds
2.948
2.873
Unrestricted income funds
Unrestricted fi]nds
795,155
805,469
Total funds
17
798,103
808.342
For the fmancial year ending 31 December 2023 the charity was entitled to exemption from audit under section
477 of the Companies Act 2006 relating to small companie&
Directors, responsibiEities:
The members have not required the cl)arity to obtain an audit of its accounts for the year in question in
accordance with section 476. and
The directors acknowledge their responsibilitses for comptying with the requirements of the Act with respect
to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companÈes subject to the
small companies regime.
The financial statements on pages 8 to 21 were approved by the trustees, and authorised for issue on 2
September 2024 and signed on their behalf by.
Reverend S Oxley
T￿￿tee
Page 10

North Western Baptist Association
Notes to the Financial Statements for the Year Ended 31 December 2023
I Charity status
The charity is limited by guarantee, incoTpofdted in EnglaThd. and consequently does not have share capitaL Each
of the trustees is Itable to contribut¢ an atnount not exceeding £10 towards th¢ assets of th¢ charity in the event
of Iiquidation.
The address of its registered office is:
1st Floor
Block C
The Wharf
Burnley
BBII IJG
The principal place of business is:
Independent Methodist Resource Centre
Fleet Street
Pemberton
Wigan
IWN5 ODS
These fAnancial statements were athhorised for issue by the trustees on 2 September 2024.
2 Accounting polici
Summary of significant accounting po]icie5 and key aceouDting estimates
The principal accounting policies applied in the preparation of these fllwLGial statements are set out below.
These policies have been consistently app]ied to all the years presentel unless otherwise stated.
Statement of compliance
The fmancial statements have been prepared in accordance with Acwunting and Reporting by Charities:
Statement of Recommended Ptactice applicable to cl]arities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UL and Republic of Ireland (FRS 102) - (Charities SORP (FRS
102)), the Financial Reporting Standard applicable in the UK and Republic of hEland (FRS 102). They also
compLy with the Companies Act 2006 and tsities Act 2011.
Basis of preparation
North Western Baptist Association Jneets the definitÈon of a public benefit entity wider FRS 102. Assets and
liabilities are inittally recognised at bistorical cost or transaction value unless othenyise stated in the relevant
accounting policy notes.
Going concern
The ITUStees consider that there are no n￿la1 uncertaiDties about the cknitys ability to continue Ls a going
concern nor any significant areas of uncetsinty that affect the canying value of assets Ileld by the cbarity.
Exemption from preparing a cash flow statement
The charity is exempt from preparing a cash flow statemenL.
Page Il

North Western Baptist Association
Notes to the Financial Statements for the Year Ended 31 December 2023
Income and endowrnents
All income is recognised once the charity has entitlement to the income, it is probable that th¢ income will be
received and the amount of the income receivable canbe masured Teliably.
Donations
Donations are recognised when the charity has been nolified in V￿ltillg of both the amount and settlement date.
In the event that a donation is subject to conditions that Tequir¢ a level of performance by the charity before the
charity is entitled to the fimds, the income is defetr¢d and not recognised until either those GonditioDs are fully
mel or the fiffilment of those conditions is wholty within the control of the cljarity and it is probable that these
conditions will be fillfilled in the Teporting perio
Grants receivable
Grants are recognised when the charity has an entidement to the funds and any conditions linked to the grants
have been meL Where perforn]ance conditions are attached to the grant and are yet to be me¢ the income is
recogllised as a liability and included on the balance sheet as deft￿ed income to be released.
Expenditure
All expendttire is Tecognised once there is a legal or Constructive obligation to that expenditure, it is probable
settlement is required and the amouTht can be measured re]iably. All costs are allocated to the applicable
expenditure heading that aggregate similar costs to that category. Where costs cannot be direcdy attributed to
particular headings they have been aIlocated on a basis consistent with the use of Tesources, with central staff
costs allocated on the basis of time spenL and depreciation charges allocated on the portion of the asset's use.
Other support costs are allocated based on the spread of staff costs.
Raising funds
These are costs incurred in attra¢ting voluntary incom4 the n]anagement of investments and those incwTed ill
trading acttvities that raise fiulds.
Charitable activities
Charitable expenditure comprises those costs incutred by the charity ill the delivery of its activities and servlces
for its beneficiaries. It includes both costs that can be auocated directly to such activities and those costs of an
indirectnature necessary to support them.
Grant provisions
Provisions for grants are made when the intention to make a grant has been communicated to the recipient but
there is un¢ertainty about either the timing of the grant or the ajnount of grant payable.
Governance costs
These include the costs attributable to the cl]arity's complianrx with constibjtional and statutory requirements,
including audiÈ stratsgic management and trustees's meetings and reimbursed expenses.
Taxation
The cl]arty is considered to Pa￿ the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and
therefore it meets the definition of a charitable cotllpany for UK COEporation tsx purposes. Accordingly, tbe
charity is potentially exempt from taxation in respect of income or capital gains received within catsgories
covered by Chapter 3 Part I l of the co￿oration Tax Act 2010 or Section 256 of the Taxation of Chargeable
Gains Act 1992. to the extent that such income or gains are applied exclusively to cbaritable pu￿oSeS.
Page 12

North Western Baptist Association
Notes to the Financial Statements for the Year Ended 31 December 2023
Programme reIated investments
Programme related Invest￿ents are made in furtherance of the charitys objects and any investment return is
secondary to the cl]aritable putpose supported by the investmenL Such investments are included at their cosL
Any loss or impairnlent arising from such illv￿ents is charged as part of charitable activities within the
Statement of Fiuallcial A¢tivtti¢s.
Fixed asset investments
Fixed asset investments. other than programme related investments. are included at market value at the balance
sheet dats. Realised gains and losses on investments are calculatsd as the difference between sales proceeds aud
their market value at the start of the year, or their subsequent cosL and are cbarged or credited to the Stat¢￿eTht
of Fir￿nCIal ActivitÈes inthe period of disposal.
Unrea]ised gains and losses represent the movement in market values during the year and are credited or
charged to the Statement of Financial Activities based on the nwket value at the year en(L
Trade debtors
Trade debtors are amounts due from customers for mercbandise sold or services EKrfornied in the ordinary
cowse of business.
Trade debtors are recognised initsalty at the transaction price. They are subsequentty measured at amortised cost
using the effective interest metho(L less provision for impairnienL A provision for tbe impairnient of trade
debtors is established when there is objecttve evidence that the charity will not be able to collect all amounts due
according to the original tern￿ of the receivables.
Fund structure
Unrestricted income funds are geoeral fi]nds that are available for use at the discretion in fijrtherance
of the objectives of the cbarity.
Restricted income funds are those donated for use in a particular area or for specific purposes. the use of which
is restricted to that area or purpose.
Pensfions and other post retirement objigations
The charity operates a def￿ed contrl)ution pension scheme which is a pension plan under which fjxed
contributions are paid into a pension fi￿d and the charity has no legal or constructive obligation to pay fi]rther
contributions even if the fund does not hold sufficient assets to pay all employees the benefits Telating to
employee service in the current audprior periods.
Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are
due. If contribution payments exceed the contnbution due for service. the excess is ttcognised as a prepaynkent.
Page 13

North Western Baptist Association
Notes to the Financial Statements for the Year Ended 31 December 2023
3 Income from donations
Unrestricted
funds
Restricted
funds
Total
2023
Total
2022
General
Donations
Grants
54.184
253,985
308,169
1125
56,309
253.985
55,286
218,812
2,125
310294
274.098
Grants receivel included in the above, are as follows:
Baptist Union of Great Britaill
243,485
243.485
243.485
218.812
243 485
218,812
4 Income from charitable 2Ctlvitles
Unrestricted
fi￿dS
Total
2023
Tot21
2022
General
Youth activities. event& ￿50￿[Ce5
Ministers conference
12.147
11.943
12.147
11.943
14,989
10,412
24.090
24.090
25,401
5 Investment fineome
Unrestricted
funds
Total
2023
Total
2022
General
Unlisted investment income
Listed investment income
200
1,836
200
1.836
200
2.683
2.036
2.036
2.883
Page 14

North Western Baptist Assocmation
Notes to the Financial Statements for the Year Ended 31 December 2023
6 Otber income
Unrestricted
funds
Total
2023
Total
2022
General
Closed Churches
Staff costs reimbursed
Employment Allowance
Miscellaneous
102,430
23,514
5,000
3,599
134 543
102,430
23,514
5.000
3,599
134 543
136,697
34,613
5,000
2,947
179,257
7 Expenditure on raising funds
a) Investment management costs
Unrestricted
funds
Total
2023
Total
2022
General
Jnvestment management costs
3.574
3,574
3.574
4,673
4,673
3.574
8 Expenditsre OD charitable activitie5
Unrestricted
funds
Restricted
funds
Total
2023
Total
2022
General
Note
Home Mission Grants
132,139
7.800
264,940
77.620
132,139
7.800
264.940
77.620
121,154
28.192
243.915
67,630
Staff costs
Other direct costs
Ministerial Emergency
Fund grants
Ii
2,050
2,050
1,300
482,499
2,050
484,549
462,191
Page 15

North Western Baptist Association
Not￿ to the Financial Statements for the Year Ended 31 December 2023
9 Net incomingloutgoing resourc
Net outgoijjg resources for the year include:
2023
2022
Independent Examiner's remuneration
1.080
1.080
10 Trustees remuDeratioD and expenses
Rev P Jump (wbo as Regional Ministsr is also a bi]stee of NWBA): salary of £40,068 (2022: £37 422)
authorised by the memoralldu￿ and Articles.
Housing payments of £12.955 (2022: £11.909) and travelling and other expenses of £6.864 (2022: £6.908) were
also illcurred in the year.
11 Staff eosts
The aggregate payroll costs were ￿ follows:
2023
2022
Staff costs during the year were:
Wages and salaries
Social security costs
Pension costs
234,829
16,024
14,087
217.693
13.843
12.379
264,940
243,915
The montbty average number of persons (including senior management team) employed by the charity during
the year expressed as fjjll time equivalents was as follows:
2023
2022
Mission and evangelis
Adn]inistration
12
io
13
li
No employee received emoluments of more than £60.000 during the year.
12 Taxation
The chaTity is a registsred clwity and is therefore exempt from taxation on ivs charitable activities.
Page 16

North Western Baptist Association
Notes to the Financial Statements for the Year Knded 31 December 2023
13 Fixed asset investments
Listed
investments
Unlisted
investments
Total
Cost
At l January 2023
Revatuation
Disposals
375.979
5.1
(53,000)
4,005
379,984
5,182
(53.000
At 31 December 2023
328,161
4.005
332.166
Net book value
At 31 December 2023
328.161
4.005
332,166
At 31 December 2022
375,979
4,005
379,984
14 Programme related investments
Other
investments
Total
Cost
At l January 2023
300,906
300.906
At 31 December 2023
300.906
300.906
Provfision
At 31 December 2023
Net book value
At 31 Decen)ber 2023
300,906
300.906
At 31 December 2022
300.906
300.906
IS Debtors
2023
2022
Prepayments
Other debtors
1.304
131.147
138,005
132,451
138,005
Page 17

North Western Baptist Association
Notes to the Financial Statements for the Year Ended 31 December 2023
16 Creditors
2023
2022
Other creditors
Accrnals
312,853
3.959
15,385
15,385
316,812
17 Funds
Balance at
31
December
2023
Balance at i
January
2023
Other
recogllised
gainsloosses)
Incoming
resources
Resources
expended
Unrestricted funds
General Fund
Social investments -
property
Contingency fund
E&st Lanc&shire Fund
213285
468,838
(473.709)
6.921
215,335
300.906
200,000
91278
300,906
200,000
78,9l4
(12,364)
(486.073)
805.469
468.838
6.921
795,155
Ro8tri¢ted funds
Ministerial Emergency Fund
2,873
2.125
(2.050)
2.948
Total funds
808,342
470,963
(488,123)
6,921
798,103
Page 18

North Western Baptist Association
Notes to the Financial Statements for the Year Ended 31 Decejnber 2023
Balance
Balance at
Other
at31
l January Incoming R￿o￿T
recognised December
2022
rasollrw e￿ellded Transfers gainsloosses) 2022
Unrestricted funds
General Fund
Social invesianents -
propety
Contingency fund
East Lancasbire Fund
Pension reserve
198.194
481,579 (465,564)
38.414
(39.338)
213.285
291,820
2(K),000
91.278
47.500
9.086
300.906
200,000
91,278
47.500
828.792
481.579 (465,564)
(39,338)
805.469
Rutricted funds
Ministerial Emergency
Fund
4.113
1.300
2,873
Total funds
832.905
481.639
(466.864)
(39.338)
808.342
Transfers between funds
TTansfers between fimds in 2022 are:
£9,086 from general fiuid to propety- atnount of general fimds invested in the Melling pmpety
fA7,500 from pension reserve to general- ieduction in provision
Fund5 are described in the Trustees ReporL
18 Analysis of net assets between fllnds
Unrestricted
funds
Restricted
funds
Total funds
at 2022
General
Fixed asset investrnents
Programnie related investments
Current assets
CuTrent liabilities
332,166
300,906
177,468
(15,385)
795,155
332.166
300.906
180,416
(15,385)
2.948
Totalnet assets
2,948
798,103
Page 19

North Western Baptist Association
Notes to the Financial Statements for the Year Ended 31 December 2023
Unrestricted
funds
R￿tricted
fund5
Total funds
at 2021
General
Fixed asset investments
PrograjDn￿ related investments
Current assets
Current liabiIities
379,984
300.906
441,391
316,812
379.984
300.906
444,264
316,812)
2.873
Total net assets
805,469
2,873
808,342
19 Related party transactions
Related paty transactions in the year are as disclosed in Note 9 and as noted beIovr.
Rev P Jump {Tn￿e and Regional Minister) is also a Tnjstee of Skeltnersdale Ecumenical Centre, registered
charity. NWBA has received income frotll the Centre in the year. and paid invoices on its behal£ of which
£7200 was outstanding at the year end.
Trustees of NWBA may also be tr￿teeShneMbcrS of member churches who from time to time receive grants
from NWBA as part of the nornthl activities of botlL
Rev P Jump is also a trustee of BUGB from which NWBA receives its core funding.
20 Baptist pension scheme
The Association is an employer participating in the Baptist PeDsÉon Scheme (BPS). This is a separate legal
entity administered by the Penston Tn￿ce (Baptist Pension T￿￿ Limited).
The Ministers employed by the A&sociation are eligible to join the Scheme.
From January 2012. pension provision has been made through the Defined Contr1￿UtiOn plan witbin the BPS.
Other employees pension provision is with companies external to the BPS.
Benefits for one employee (2022". 1) in respect of servAce prior to 1st January 2012 are provided through the
Defllled Benefit (DB) Plan within the BPS. The main benefits: a defirled benefit pension of 1180th of Final
Minimum PensionabIe Income for each year of Pensionable Service. together with additional pension in respect
of premiums paid on pensionable income in excess of minimum pensionable income. The BPS closed to thture
aCCn￿ of defmed benefits on 31st December 2011.

North W&stern Baptist Association
Notes to the Financial Statements for the Year Ended 31 December 2023
A fornial vaIuatÈon of the DB plary relating to all employers w&s perfornied at 31 December 2020 by a
professionaIly qualified Actuary usiug the Projected Unit metho￿ The market value of DB Plan assets at the
valuation date was £298nL
The valuation of the DB plan revealed a deficit of assets compared with the value of liabilities of £18
(equivalent to a past fimding level of 940A). As a ￿guIt of the valuation the standard rats of deficiency
contributions payable by churches and other employers I￿volved in the DB Plan would remain at 12% of
pensionable income. The recovery plan envisaged deficiency contributions continuing until 30 June 2026.
Due to various changes however the deficit contrAbutioTh8 reduced to £1 per month in 2022.
The expenditure for the year represents the employer contnl>utions payable.
Page 21