Company re8i51r4lioTr nuniber,, 00209503 Charity regi51ratioll numbcr: 247113 North Western Baptist Association (A ¢ompiny limit￿ by Suw￿te¢) Annuol Report and Financial Sthtements for ￿le Yeor Ermled 31 December 2024 *AEBA4DIS* 1710912025 COMPANIES HOUSE A25 North Western Baptlst A&soclation Contents R¢f¢ren¢e ind Administrnliv¢ De14ils Trnsiees, Report 2to6 Indcpendtni Exmmincls Rep)rt Statement of Finattciai Aciivities 8109 Balance Sh¢¢t 10 Slateii)ont of C•$h Flm NoteB to the Fin*n¢i•l Stst¢ments 12to21 North Western Baptlst Assocfiation Reference and Admlnlstratlve Detalls Trustee8 Reveirnd Z Adclcyc Reverend G Ayon Mrs K BOnk￿LY0￿ ReveiEnd J Bradbury RcvcKnd P Jump Mrs D IAndriau Mr$ S Nuit¢r ReVe￿nd S Oxley Ms L Quiuley Mr K Wisd¢ll Reverettd R M B Gouldbourne Se¢ret•ry MY M R He8￿n Prlnclpal Offlce Independent Methodi8t Ruouree Centre Fleet Strcct P¢mbcrton Wt8An WN5 ODS Reglstered Office 1st Floor Block C The wI￿rf Burmley BBII IJG Tli¢ Charity is incorpornte41 in England. 00209503 Company Rqlstratton Number Charfty Reglstr•don Nuniber 247113 B•nk¢r6 Unity Trusl Bank Four Brindley Place Birniin8hani BI 2JB Independent ExainlDer Champion TLL Limited 7-9 Stalion Road H¢skeili Battk PT¢Ston Lanco#liire PR4 6SN P48¢ 1 Noi*h Western Bxptlst Aisocladon Trustees, Report Th¢ lrnsl¢c5. who ar¢ directs)rs foT the pwpo8cs of conip8my law, prescDI thc awiual report iogether the financial slat¢mGnls ofilK ¢harithble Gompwiy for ili¢ yc4r ended 31 Decemb¢r 2024. OBJECTIVES AND ACTIVITIES ObJe¢ls The obje¢l$ of thc charity 81 Rl our iu lis MeN￿randU￿ of Association are: The advancement of th6 Chrislien reltgion cspc¢ig1ty by tbe Mell￿ of arnl in Accordance ivith th¢ principles of Ihc Baplisl denomin4lion aj sel out for th¢ lirne being in Ihe D￿l￿ra110n of Principle of Ihe Bap¢is1 Union of GreAI Brilain. Publlc BeD¢flt The Iruslees confirm Ih•t they hAve complied with the requiremenw of section 17 of Ihe Cheriti￿ Acl 2011 to havc due re8fyrd to the public benefit 8uida￿e published by Ihe Choffity con￿1$$10￿ for England and W41¢¥. Report on 2014 Objeellvts F2elllt#te a 4ti'Ategl¢ retA¢w event for trn$tees teAm memben 8$ a foundalloTr for fvrther ¢on$uliatloni In the Ilght of BUGB n￿•1￿e rtvlow. MET Si8nifiG•nl work ivas don¢ to generale financial models And r¢source ouessmeois for Ihe next five Ye￿ No ¢l¢Ar ron￿rd pmposAl8 have yet b¢en fortlKoming from BUGB. Contlnue to promote • sense of beloholDg purpose throu811 th¢ Aiw¢l•llon theme '0￿￿ our Eyes" MET This w•$ used as a IhenK Ihrou8hout the yeor #nd ivas generally well received. Contlnue to offer ond develop ongolni NWRA IDlil•dvu and evehts Includln8> Mlnlglersl Conference, LAtf hford LeAfDln8 ComwuDIty. Tr4nsJAomal Mkntsltn, Home MIMlon, IMPAcf wt¢kend, Pl•neer Netivork etc. MET usi￿1 evenls were aTranged and suceessfully implemented. Pèrficida¢ effort was Inade io increase Safe8uaTding Trainlng to xddress posi-lockdown bJcklo85. The introduclioD of morc structure approach and An Eve4Jtbrile booking 8ySt¢m was of partIC￿l￿r benefit in Iljis respect, Develop Assocl•tlon response to BUGB ProJe¢t Vltslet recornm¢ndatlon$ Jvlth ele•r ImpleJnent¥tlon alms gnd objeetlves. PART MET An initial drnft pul logether and Rc8ional 1¢4m m¢mber8 p4rll¢ipAt¢d fvlly In nafionAI briefin89 and planhing meetings. WO￿ is 008oing aDd w¢ would expect lo have a fw81 verston in place by mid 2025. Engage wlth BUGB FIDan¢e revleiv to put steps kn place foi. NWBA to be nnanclally suslalnable fu the niedlum ternk PART MET NWBA pirlicipled fiilly in variou$ meetsnlls and briefinBS but Ihcro i& •s YVA, no cle4r proposal for a way frnrd ftom BUGB. NWBA made fomrd fimttce r¢th￿tionS 111 the li8bt of our be$1 a88essment of a likely oulcome, P88e 2 North W£stern Baptlst Assodatlon Trustees, Report Complete a 8erles of eonslllta¢lon events for cbui'ehes aad leaders wlth partleullr refer¢n¢e to the BUGB Flnance Revlew. MET A series of Conversation Day8 were 8vr4ng¢d in Autumn of 2024. R¢3ponyu 8t￿ suggellions were collllled into detailed Sumniary which was mth available io trU$lce$ and team nKnibers and will bc used as a basis for rther discussions in 2025. EItAbll$h the NWBA lupport CIO wlth InlilAI suppoyt phAies In pl*c& MET A sep4r•t¢ CIO wos ¢8IAbli￿ltd willi in ¢<¢le&ial stsvctur¢ which li￿ be4n ￿Med "The Oncsimus CoMin￿nity, Iniii•l trustees h&ve beeN appoin*d Jnd pilot partrKr8 wt in place. Su¥laln our EcuinonlcAI ¢ng•gemen¢ wl¢h PArtlculir Prforlty to Supporting IrAniltlon at the SkelmeiwlAle ￿%￿Me￿Ie￿I Centre ond Churche• ToRethtr ID Chuhlre. MET The SEC has been placed on a 5￿tal￿obk futsnci81 footing witb att ongoing plan for building improveweDt in plac& CTMR athd CTC liave developed 8 growing partner8])ip and boih trustec boards l)ave now coinmissioned a feasibility study into oK8aAi5atiJ)nal merger. ThFS though hay required É18nifi¢wit itipul from NWBA leaDi membcrs and trusleG3 I'emain c4nccm¢d about the longer lern) viability of our current ecuin¢ni¢al 81ructtwes. Partlclpate In the BAp¢I8¢ "Everyone Everyivhtre" Inltladve to help churchm •nd leadeN to more tknlly èng•Ee ln lid￿10￿ devtlopmeDt. MET Team nKmbeix have pl&yed A part in ihe Bhaping of the n&tionil proje¢t and a numb¢r of chur¢liM w¢r¢ pres¢nled at Ihc launch conf¢Tcnrx in (ktober 2025. On8oinB disrussion$ are iti plAce is lo how ts> engft8e with &nd benefit froih Illi8 developin2 iniliailve. Cfjntlnue to develop orfey IDlielple} Proir*mm¢ lTh¢ludln8 2 found•dtsttAI Intern eehem¢, MET 1¢ was encouraging 10 See B signifi¢4￿ numbey of young leaderd at the IMPACT we¢kend, and 10 s¢¢ reol en8agement wilh the l¢ad¢Tship respowibilit1¢9 of the event. We have Iwo aclive bnlerns in Ihe NWBA area. one of whoiii I￿$ noi comc directly Ihrou¥h the "BXPLORE" initialive, but I￿S niAde strong connection with us. Funding is in place lo continvc into 2025. ContlDUe ¢0 enggg¢ ivlih Hdlfisporg" ehur¢hes wllh speciflc 1hte￿lI0n to more fully IDelude congregallons •nd members from non-Brltlsh Irldldons. MET We have beett pleased lo se¢ i number ofnon.Brilish ohur¢h¢$ #ppn)a¢liing us for ￿rther cngagefflenl And tcain members have been welcomed li VafiOUS styategic evenls. This Work is ongoin8 bul is devcloping in a postlive diT¢¢iion. Work ￿th Chui'ebY)u are rcsponsible for the preparalion af tli¢ accounts in accordan¢¢ with the requirements of the Q*mpani¢s Acl 2006 ('th¢ 2006 Act,). Haviiw satisfied myself th#1 the account8 of North Weslern Baplist AsS￿latIo￿ are not requiird kn bc audited under ParL 16 of the 2006 ALI and arc ttli8ibl¢ for indepeNlenl ¢xaminalion, I r¢porl in respeLI of my examination of your charity's accounts as carried oul undet scclton 145 of the Charities Act 2011 ('Ihc 2011 Act,). In cArryin8 out Iny exominalion I llove followed the Dircclions giv¢n by tlie Charity Conwnissimrftendcd Prnclice applicable lo charilies pTeporin8 Iheir a¢eounLs in accord4nc¢ iYi(h ihe Fin￿)¢3&1 Rtport4n8 Siand8rd appiicabk in th¢ UK ond Republic of Ir¢land (FRS 102) - (Charities SORP IFRS 102)). the Financial Rcporling Sthndard applicAble in the UK nnd Republic of Ir¢land (FRS 102). They ￿$0 ¢omply with the CompanirA Ad 2W6 ¥nd ch￿ltieS A¢t 2011. BAsl$ of prep*ratlon North W¢slern Baptist A880Ciation mc¢i8 the definition of • public bencfil ¢ntsiy uoder bRS 102, A¥scls Ind liabilitiei are iThili&lly r¢cognised Al histod¢ol ¢o$l or traniiction valuc unless ol1w￿ls# 8tAted in the relevant accouniing policy note¥. Goliig ¢oncern Th¢ tnL5te¢s consider that thcre •te DO malerlal uncerfainties ab¢￿1 th¢ chariW5 ability to continue as 4 going concern nor llny 8ignificAnl Ms of unccrtainty lknt 8ffect the carrying valuc of assets held by Ilie GhaTity. E%emptlon from pi'ep4rlng * ca9h Iloiv itA¢oment The clwity is excmpt from prepirin8 a casli flow staiement. Page 12 North Western Bgptist Assocl8tlon Notes to the Financlal Slatements for the Year Ended 31 December 2024 Income •nd endowments All incomc is recogniscd Or￿ the charity enlitlem¢nt lo th¢ ineom¢, it 4$ pmbablB ihat the iftconK will b¢ received and the amount of the income reteivable can be measured Rliably. Donatlon8 DO￿tiOn¥ •r¢ r¢¢o8nls¢d vkn¢n the charity has been notified in writing of both th¢ *moun¢ diid selll¢m¢Dt d8t¢. rn the event that a donaiion is subject lo conditions Ihat require 8 level of p¢rformanrx by the clillriry before the charity is cnlided io the fill￿5, Ihc income is deferred and nol irwgniscd until cithei th05c condilions are fvlly inet. or tlK ￿]filMent of those eonditions is wliolly wiiliin ihc cotttrol of thc charity and it is probable that ih¢s¢ conditions will be fi￿rIlled in ihe reporting pcriod. GrAllti recelv*bl¢ Or4nts are y￿0￿￿78ed wlien the cl)arity has an ¢nlillemenl to the funds and any conditiQDJ linked w the Brants hAve beeft niet. Where pcrfonDanc¢ conditions are aitsch¢d to the ￿TrI and are yel lo bc met, the income la reco8nised as a liability and inGludcd on Ihc balance sheel 18 d¢fei'Ked incom¢ lo b¢ r¢l¢o¥ed. Expendltsre All expendilwe is recognised once there 18 0 1¢8al or cong1n￿liV¢ obligatton lo thol expenditure. it is probable seltlenKni is required and Ihe amount can be n￿UrnI reliably. All ¢￿ts are illocated to the applicable expendittir¢ heding that aggregate similar cosis ¢0 ihat olesory, Where costs cannot bc directly attributed to particular he&din8S they hNve b¢en Allocated on A basil ¢on8islenl with the uge of rw)urce8, Ivith cenlral staff costs Bllocfrted on th¢ basis of time 8penl, And depreciation cl￿￿¢8 •lIo￿ted on th¢ portion of th¢ •wl'$ US¢, Other supporl costs are allocated based on Ihe spread of staff Costs. RAl$lng Ilmds Tliese are costs incurrcd ITh 4llracliiig voluntslry in¢ome, t1￿ InAna8oment of tnv¢stments And tho$e incurrcd in trading aeiivities tha¢ raise funds. Ch8rlt*ble •ctlvlrfes Charitable expenditurc comprises Iliose c4)sts ii)¢urred by Ik Charity in delivery of its •clivilies al￿ services for its beneficiaries. At intlude8 both costi that can be 8llocAted direclty to such activities and those costs of Aft indire¢t nature necessary to iupport li￿￿. Cr•nt provlsloni Provision3 for 8raots are m￿e wheii the intention to mAk¢ A 8ratti ba$ been commuDiUi¢d to th¢ recipiottt but Ihere is uncertainly aboui either the timin8 of th¢ grant ol the lmount of 8rnnl p&y8ble. Gaveriiance costs These include ihe costs attributsble to ihc charity's compliance with constitulionfil and 8f8tutory requireinents. iticluding audit. 8ttale8ic nwagemeni and ffi18te¢5's Mectin￿ 8nd ￿1mbur8ed ¢xpcnses. TaxotSon The obarity is ￿￿sid¢￿I ￿ pass the tests sel out in Par88raph I Schdule 6 of the Finonce Act 2010 and therefore it meets the definilion of a charilable COD)pany for UK corpoTation tax purposes. Accordingly, tlle charity 18 pot￿111811Y ¢xenip¢ froni 1oX8tion in re8pcct of income or capil818ai119 received wiihiii ur¢gories covered by aiapier 3 P8ri I l of tl)e Coiprntion Tax Act 2010 or Section 256 of Ilie Texalion (Jf Cli#fgeabl¢ Gains Acl 1992. to ¢h¢ ¢xlent thai such income OY gains applied exclusivcly to charitsble purpose& Pa8¢ 13 North Western Baptlst Assoclatlon Notes to the Flninclal Statements for the YeAr Ended 31 Deeember 2024 ProirAnime Yellted Siivestments Progtamme relaRd investments are made in furih¢rnnc¢ of ihe ¢h4rity'8 objec1$ 8nd 8ny Inv￿1￿COl ￿t￿lfi is secondory lo the charitable purpose ￿1pported by the iiivestmenl. Such invesun¢nts are irtcluded at their cost. Any loss of impaim)enl arisin8 froiii such inveslnients is clwg¢d As pArt of charliible ￿1ville8 within Siatcmenl of Financial Aclivitic•. Flyed Asset Invutmenl$ Fixed a￿t investmenls, oth¢r than PfO8rnmme reluted investhients. Are inGlvded xl market vllluc tht th¢ bolanLe shed dats, Realised Sai￿ and losseg on investments are calculated 45 lh¢ differenc¢ b¢tween Mles pr￿Ced8 and their markct value It the Stsrl of ihe year, or their subse4uenl cos4 and #Te chwged or u¢diicd to the Sial¢ment of Financi81 Ac¢ivilics ift the ￿rIOd of dispo￿1. Unrealised 8aini ond losses represeni the movemenl In mjtht VAIuc8 during the y¢•r ond are rAedited or eharged lo th¢ Sw¢m¢nt of Fin?n¢i41 Activilic8 ￿6¢d on lh¢ mjrket valu¢ &i the year end. Trnde debtorg Trade debtor8 Iro amoiinls due from wslonKr5 for Merchandise sold or #rvices pcrfornied In th¢ ordlnjry cours¢ uf bus•nc%q. TrDde debiors re￿gniSed inilially at the transoclion price. They are Mbsequenily Imwed at wmonised ¢ost iISln8 the effective interest n￿thOd, provi$ion for impAirmenl. A pmvision For Ihe impairnienl of Ir4de deb￿18 is estab]islwl when there is objective evId¢￿ that the ch•rity will noi be able lo collect all anwunts due according lo ti)e oiigin81 tern￿ of Ilie rcccivables, Fund itructur¢ Unresiri¢ted income ￿ndS arc Sen￿,81 fimds thai th availabl¢ for at the Irustees'8 di￿￿tiOn in fi￿l￿er8￿ce of the objective5 of the ¢harity. R¢slricted in¢ome fund8 4re those don•ttd for usc in i ￿rtICUlar irta or for w¢¢ifj¢ PUTPOK& th¢ use of which is restricled ￿ thal Brea or purpose. Penslons And oiher post r¢dremenl obllgArfons The ¢hariry opeTAI¢8 A dcfincd coniribulion pcnsion scli¢mc which 18 i p¢niion plan under ￿lICh fixed nttibutions w¢ paid iThlo i p¢nsion fund llnd the charity has no leg&L oi. CODsiruGtsve obligaiion to pay fvrther ¢onlributions even if IIK fund doe5 hold sufficienl 4siel$ to pay all ¢mploy¢¢s the b¢nefits relating to euwloyee 8eryic¢ ID th¢ ¢urreDi aftd priorpertod& Colliribuiions lo defined Contribution pl•ns re￿&ThIS¢d in Ihe Si&teineiil of Fin41i¢ial Aolivilie8 wh¢D they 4re due. If contrsbiition PA￿ne￿￿ ¢xceed the coniribuiion due for scrvice. the exttss is rE¢oBni%d as a prepayment. P4ge 14 NoTth Western Baptlst Assoclatlon Notd to the FlnAnclal StAtements for the Year Ended 31 December 2024 J IL¢on* from donAtlons Unr¢strt¢ted fun RdtYl¢ted fund$ Tot41 2024 TotAI 2023 Getttral Donations Oift old I￿1*1Med ¢1 57.700 13J27 266,607 8.263 65.963 13,327 266 607 56,309 2S3 985 337.634 345 897 310,294 Grnnts r¢ceived, included iii the Above, ar¢ 45 folloivs.. Baptist Union of Gr￿1 Britain 260 107 243,485 243 485 260 107 4 from ehArltable *cdvlde8 Unregtrlcted Cuhdi Total 2024 Total 2023 GenerAI Youth activiti¢s. events, resoUr￿S Mini8lers confpJt•Ke 17.667 17,667 12,147 S Inve$tmen¢ Ipcome UnreJtrl¢led Tothl 2024 Tot41 2023 Geieral Unlisted investment income Listed inv¢slm¢DI illcome 200 1,001 200 2(M) 2,036 Pag< 15 North Western Baptl8t Assoclatlon Notes to the Financlal Statements for the Year Ended 31 December 2024 6 Other In¢ome Unrutrleted nd8 To1741 2024 Totil 202J Gener#1 Closed Churches Stoff costs reimbiiised Employm¢nt Allow¥nc¢ Misc¢U&ncou8 110.924 38,8ll 5,000 110.924 38,811 5,000 lff2,430 23.514 5.000 158075 158075 134,543 7 Exp¢ndlthre on r*klng fundi ) m*nigeTheTht CO5¢1 Unrestrlettd funds Tot•1 2024 Totsl 202J General Investment InAna¥emeni ¢osts 8 E%pendlture on chirlt#ble •etlvlde¥ Uiirejtrlcted funds Ruttlcied funds Tol*1 2024 TolAI 2023 Genei'AI Note Home Mission Grants NWBA Grints Sthff ctssts Other direct Costs Ministerial EmergeThcy Fund'granls Or8nis payable- individuals 130.177 15,500 284,168 65,159 130,177 15.500 284,168 65,159 132,139 7,800 264.940 77,620 1,380 1,380 2,050 9,380 504 384 484 $49 P48¢ 16 North Western B8ptl$t A8soelAtlon Notes tij the Finanelal Statements tor the Year Ended 31 December 2024 9 Not In¢omingloutgolng resoDreeJ Nel incoininW(outgoln￿ TesourGH for die year iii¢lude: 2024 2023 Indep¢ndeDt Examinev's femunerolion 10 Truit¢e6 remuneYAtIon And expense$ R¢v P Jump (Ivho AS Rcgionol Min18ter is ilso a ttuste¢ of NWBA).. &Alary of £42.034 {202J'. £40 068) •uthori8cd by t1￿ Memorindurn and Articles. Hou5in8 paynents of £13.S64 (2023.. £12,955) ond Ir&vellinB and other expeDKs of £6,073 (2023,. £6,864) Ivef¢ Also incuTr¢d in the y¢br. I I Stalf tosts The a8gr¢8ate pyroll costs were 16 follow8: 1024 2023 Stlff ¢08ts dvrlng the were: Wages and saliri¢s So¢ial seairiry costs PeL8ioJ colls 251.035 18,463 14.670 234,829 16.024 264940 The moDilily averyge numb¢r of F¢r8ons (in¢ludin¥ ￿￿101. manag¢iwit 1¢4m) employed by the chiiity durin¥ th¢ yc4r eXpr¢￿d as fjjll time equival¢uts was ss follows: 2024 No 2023 No mi￿10￿ and evangeli$m AdmihistrAtio io 12 13 No ¢n)ploy¢c received eLlloluments of more than £60,ocKJ during the year. 12 Taxitlo The cliority is & r¢8a8tered charity •nd 18 therefore ¢xempl fvortj laxalion on It's ¢liarit8blc activities. Page 17 North Western Baptlst A880CiatSon Notes to the Financial Statements for the Ye74r Ended 31 December 2024 13 Ftsed ay8et Investll￿*S Ltsted Ibvt5tments Uffjllited IDvestments Trtrtal Cost Al l JinuBry 2024 R¢v•lua(ion Disposals Ai 31 D¢cember 2024 328.161 13,256 98.106 4,005 332.166 13,256 98.106 243.311 247316 Net book volue At 31 D¢¢¢mber 2024 243311 247316 At 31 December 2023 328.l61 332.166 14 ProgrAmme rel*ted Inveitmnt$ Other InvestmeDts Tot•1 Cojl Al l January 2024 At 31 Du¢mbu 2024 300,906 300,906 300,906 Provlilon At 31 December 2024 Net book value Al 31 Deceinbcr 2024 At 31 Dec￿nber 2023 300,906 15 D¢btors 2024 2023 Piep9yniernts Other debtQT8 1,447 173418 1,304 131.147 174.865 132451 Page 18 North Western Baptist Assoclatlon Notes to the Flnanelal StAtements for the Year Ended 31 December 2024 16 Credllor$ 2024 2023 Acc￿41$ 17 Fuiids Bgl•n¢¢ At 31 Decembor 2024 Oth¢r Ruource8 reeognlied expended VIn￿O039e5) JAnUAry 2(J24 Incomlng Yesourees Unre$lrlcted fundi General Fund Social in￿$th￿l¢S - property Contin8ency fijnd Eul iancftshiie Fund 215J3S 5211,834 (494,194) 13,256 263,231 300,906 200.000 300.906 200,000 74.997 795 155 528 834 498 111 839 134 Reitrl¢ted funth Mini$lcrial En￿rgencY Fund Private Funds 263 (1.380) 1,831 TotMI funds 798.103 537097 507491 840,965 Pthge 19 North Western Baptist As$ocladon Notes to the Flnanelal Statements for the Year Ended 31 December 2024 Balan￿ at 31 Deeember 2023 Other Re$our¢eJ i'ecognlsed expended gAlnsl(losses) Ineomihg rtsourc Jahp•ry 2013 UhTestrletEd fuiidi (kn¢ral Fund Social investments - propety Conlin8ency fvnd East LanushiY¢ FuDd 213.285 468,838 (473,709) 6,￿1 215,335 300,906 200.000 300,906 200,000 805,469 468.838 (486,073) 6,921 795,155 Rejtrlcted lund$ Mini$(eriAI EIDer8ency Fw 2.873 2948 Tot81 fvlld5 798 103 Fundg &Te described In the Trustees ReporL 18 AttAIy818 af net auets betw¢en tsnds Unreitrieted funds Reatrlcted lundj Tot•1 funds 912024 Geiiergl Fixed asset investfflents Programme related invcstn*llrs CuTr¢ni C¥rTent li¥bilitie8 247.316 300.906 132.895 247,316 300,906 134,726 1,831 Total net assets 676.810 678,641 Unre8trlcted tullds Rostrl¢ted Tot•1 fundi At 2023 Geiiei'AI Fixed asset investments Progrme Tel4l¢d iuve8tm¢nts ¢￿￿ent a33EIS Current liabilities 332,166 300.906 177,468 332,166 300,906 180,416 2,948 Total nel assets 795 155 798,103 Page 20 North Western Bapllst Assocl2llon Notes to the Fynjnclal StAtements for the Yexr Ended 31 December 2024 19 Rel•¢ed party trAllS*Ctloni Relaied party tran￿110n8 in the year are as dis¢losed ITh Note 10 and as iioted below: Rev P Jump (TTUStee and Regional Minislcr) is also a TThs(ee of Skelmersdale E£Un￿nICal Cenlre, registeytd charity. NWBA bas ￿￿1Ved income from the C¢nlrc in th¢ year, and paid invoieth on its behalf, of whi¢b £7200 was oulslandin8 Ot Ilie yeAK end. Twslees of NWBA may al80 be tNsleeslJwnbers of member Ch￿￿ch¢S who from time io lim¢ receiv¢ 8r¥nts fron) NWBA as part ofihe normal a￿1vIlle$ ol both. R¢v P Jump is ￿31) • truitee of BUGB from which NWBA T¢¢OiVeS its core ￿nd1￿8. 20 Blpltst penAlon i¢hem¢ The Assocl&iion IJ an enwloyer p8rticipAling in ihe Baplist Pension Scheme (BPS), Tbis 18 • separate legol entity admiDj$lered by tlie Pension TrLiilee (Baplisl Pension Trusl Limited). The Minislers employed by tile Association ￿ eligible lo join die Scbeme. Froni January 2012. pension provisioii has be¢n mode thmugh the Defined Conthibution pllln within the BPS. other employees pension prnvision 18 with wmpanies external to the BPS. Benefits for one employee {2023: 1) in respect of seryice prior to 1st January 2012 ire provided ihroD8h the Defined Ben¢fi¢ IDB) Plpn wiihin the BPS. The niain Ixn¢fils'. 8 dcfin¢d benefit pension of 1180th of Final Miniinum Pensionable Incvme ftir eacb ye•r of PensionAble 3eryi¢4 log¢iher wftih athli(ion81 pension ID respect of premiums paid on pensionable inconie in exc483 of Inininiujn ponsionable iiico3De. The BPS cl(xKd to ￿DIre accrnil of dtfmed be￿ri¢S ork jlsl D¢i%inber 2011. A formal valuation of the DB plaft relatin8 lo all erylojrrj wa$ performed 11 31 Dec¢inbeY 2020 by professionally qualified Actuary U5in8 Lh¢ Proj¢Gta Unil Mcthod The niarkel valuc of DB Plan assers al the vulualion dat¢ WAS £298m. The Valuat?￿] of the DB plAU revealed o deficit of *skls compared wlth the VAlue of liabiliilu of £18m (equiv8l¢nt lo & pasl fiinding level of 94%). A¥ a result of I1￿ ￿t￿li0n the ￿andard iale of deficiency cO￿trIbUtIOnS payable by chwches and oth¢r enJployez6 involved in thc DB Plan would remain al 12•A of pensionable income. Tlie rccovery plan envisased defici¢llCy COlltributs'on5 ￿nI]n￿1n8 until 30 Junc 2026. Due to various ¢h4n8es liowcver the dcfi¢it contributioiis rduced lo £1 per monih in 2022. Tb¢ expelldlture for the year T¢pr¢srnls tlie employer contsibulions pyable. Pa8¢21