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|||Page|
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|Charity<br>Information ..|||
|Report ofthe Trustees.|||
|Independent<br>Auditor's|Report||
|Statement<br>of Financial|Activities. ....||
|Balance Sheet.||.12|
|Statement<br>of Cash Flows....||13|
|Notes to the Financial|Statements ..|.14|





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|The Association<br>is served<br>by|:||||
|---|---|---|---|---|
|Revd Dr Clive Burnard|Regional<br>Minister|until 31)uly 2022|||
|Revd Mary Taylor|Regional<br>Minister|until 31 March 2022|||
|Revd Dr Adenike Adebajo|Regional<br>Minister|from<br>1 September|2022||
|Revd Ann Chesworth|Property<br>ik Legal|Officer|||
|Iris Cheung|Administrator<br>from 1)anuary 2023||||
|julie Crabtree|Administrator||||
|Revd Peter Dunn|Discipleship<br>Enabler||||
|Revd Graham<br>Ensor|Regional<br>Minister|Team Leader|||
|Naomi<br>Fennell|Young Adult<br>Lead|from 19September||2022|
|Debbie Gamble|Office Manager||||
|Revd Alex Harris|Regional<br>Minister|Pioneering<br>lk Church||Planting'|
|Hannah<br>Harris|Finance Officer from 1 February<br>2022||||
|Dan Morrell|Communications|and Digital<br>Lead from||20 june 2022|
|Revd Kez Robinson<br>Iodie Thorpe|Mission<br>Enabler, then<br>Regional<br>Minister <br>Children,<br>Youth 5 Families<br>Enabler|||from 1 March 2022|
|Dean Thorpe|Treasurer||||





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||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
|||||||Note|6|6|
|Fixed assets|||||||||
|Tangible assets||||||9|1,508,419|1,394,352|
|Investments||||||10|2,450,494|2,669,968|
||||||||3,958,913|4,064,320|
|Current assets|||||||||
|Debtors||||||11|94,659|108,768|
|Cash at bank|and|in|hand||||163,552|409,219|
||||||||258,211|517,987|
|Liabilities|||||||||
|Creditors:<br>Amounts<br>one year|||falling||due within|||(201,306)|
|Net current|assets||||||14,476|316,681|
|Total assets|less current|||liabilities|||3,973,389|4,381,001|
|Total net assets|||||||3,973,389|4,381,001|
|Funds|||||||||
|Restricted<br>funds||||||13/14|155,334|155,394|
|Unrestricted|funds|||||13/14|3,818,055|4,225,607|
||||||||3,973,389|4,381,001|



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|||||||2022|2021|
|---|---|---|---|---|---|---|---|
||||||Note|E|E|
|Cash Flows from|operating|activities:||||||
|Net cash usedin|operating|activities|||18|(188,181)|(546,469)|
|Cash Flows from|investing|activities:||||||
|Dividends,<br>interest|and rents|from investments||||36,039|19,254|
|Proceeds from the|sale of fixed assets||||||190,810|
|Proceeds from sale|of investments|||||972,939|1,213,140|
|Purchase of investments||||||1066 464|(1,248 697)|
|Net cash (used in)/provided||byinvesting||||||
|activities||||||57 486|174 507|
|Change<br>in cash and cash equivalents|||in the|year||(245,667)|(371,962)|
|Cash and cash equivalents<br>the<br>ear||at the beginning||of||409 219|781,181|
|Cash and cash equivalents||at the end|ofthe|||||
|ear||||||163552|409 219|





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|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|||||||E|E|
|Sundry|donations||and legacies||(unrestricted)|30,000|31,094|
|Sundry|donations||and legacies||(restricted)||11,716|
|||||||30,000|42,810|
|Donations||and|legacies in the year ended 31December 2022 include:|||||
|Bottom|Trust|||||30,000|30,000|
|Legacies|||||||1,094|
|Biglife|India|Appeal||Restricted|Income||11,716|
|||||||30,000|42,810|





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||||2022|2021|
|---|---|---|---|---|
|BUGB core funding|||218,112|179,426|
|Interest on loans|to churches||19,925|12,803|
|Income from churches||for services rendered|3,648|2,338|
|Closed churches|income||75,867|237,114|
|Other Income|||4,941|3,447|
||||322,493|435,128|



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|||||2022|2021|
|---|---|---|---|---|---|
|||||6|E|
|Office|costs|||13,299|13,056|
|Closed|church|property|costs|22,937|12,359|
|||||36,235|25,415|



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|Activity|or|programme|Activities<br>undertaken<br>directly|**f**<br>d.<br>Grant<br>unding<br>t. .t.<br>of<br>activities|Support<br>Costs<br>(note 6)|2022|
|---|---|---|---|---|---|---|
|Ministry|||3,358||310,199|313,557|
|Mission||||133,353||133,353|
||||3,358|133,353|310,199|446,910|
|Activity|or|programme|Activities<br>undertaken<br>directly|Grant<br>funding<br>of<br>activities|Support<br>Costs<br>(note 6)|2021|
|||||6|||
|Ministry|||2,275||293,239|295,514|
|Mission||||97,865||97,865|
||||2,275|97,865|293,329|393,379|





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|.Expendit|ure<br>on charitable<br>activities (continu|ed)|||
|---|---|---|---|---|
|Charitable|Activity costs include the following|grants:|2022|2021|
|||||E|
|Grants to|institutions:||||
|Mission Grants|||112,855|64,827|
|Biglife|||11,498|22,038|
|NCPRIR, Blackley|||9,000|11,000|
||||133,353|97,865|



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|.Support costs|||
|---|---|---|
||2022|2021|
||E|E|
|Staff costs (note 8)|250,261|233,868|
|Regional<br>Minister|23,835|18,992|
|Trust officer|10,624|10,902|
|Legal expenses|3,151|5,057|
|Governance|8,314|8,264|
|Other|14,014|16,156|
||310,199|293,239|



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|.Net in|come for the|ye|ar is stated|af|ter cha|rging:|||
|---|---|---|---|---|---|---|---|---|
||||||||2022|2021|
|||||||||E|
|Auditor's|remuneration|-|Audit (excluding||VAT)||5,800|4,830|
|||-|Accountancy|(excluding||VAT)|2,150|1,800|
||||||||7,950|6,630|



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|he average<br>monthly<br>number<br>of employees|analysed<br>by function<br>was:||
|---|---|---|
||2022|2021|
|Mission|2|2|
|Ministry|6|7|





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|.Analysis ofsta|ff costs (continued)|||
|---|---|---|---|
|Staff costs during|the year were as follows:|2022|2021|
||||E|
|Salaries||183,698|166,989|
|Social security costs||11,660|10,410|
|Pension costs||25,529|27,835|
|Other costs (Council Tax, Water charges, Accommodation)||29,374|28,634|
|||250,261|233,868|



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|econdment<br>from Harrogate<br>Bapti<br>.Tangible assets|st Church<br>and has been|charged at E10,519(20|charged at E10,519(20|21:E12,985).|
|---|---|---|---|---|
||Closed<br>Church<br>Properties|Freehold<br>Land<br>8 Buildings||Total|
||E||||
|Cost or valuation:|||||
|At 1 Ianuary<br>2022|400,000|994,352||1,394,352|
|Additions<br>at Cost|62,500||51,567|114,067|
|Disposals|||||
|Transfer|15,000|(15,000)|||
|At 31 December 2022|477,500|1,030,919||1,508,419|
|Depreciation:|||||
|At 1 Ianuary<br>2022|||||
|Charge for the year|||||
|Disposals|||||
|At 31 December 2022|||||
|Net book value|||||
|At 31 December 2022|477,500|1,030,919||1,508,419|
|Net book value|||||
|At 31 December 2021|400,000|994,352||1,394,352|





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|||||Listed<br>Investments|Bonds|Mixed<br>Motive<br>Investments|Cash|2022|
|---|---|---|---|---|---|---|---|---|
|Cost/value<br>forward||brought||1,992,810|80,000|407,198|189,960|2,669,968|
|Additions||||917,423||149,041||1,066,464|
|Disposals||||(786,767)||(55,514)|(130,658)|(972,939)|
|Realised<br>ains|and||unrealised|(299,056)|||(13,943)|(312,999)|
|Cost/value<br>forward|||carried|1,824,410|80,000|500g725|45g359|2g450g494|
|||||||Mixed|||
|||||Investments|Bonds|Motive|Cash|2021|
|||||6|6||||
|Cost/value<br>forward||brought||1,938,646|80,000|371,642|39,491|2,429,779|
|Additions||||1,005,625||92,603|150,469|1,248,697|
|Disposals||||(1,156,093)||(57,047)||(1,213,140)|
|Realised<br>ains|and||unrealised|204,632||||204,632|
|Cost/value<br>forward|||carried|lg992~810|80g000|407,198|189,960|2,669,968|





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||||2022|2021|
|---|---|---|---|---|
||||6|6|
|Trade|debtors||45,088|53,557|
|Short|term element of mixed motive|loans to churches|49,571|55,211|
||||94,659|108,768|



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|2.Creditors amounts<br>falling due within|one year||
|---|---|---|
||2022|2021|
||6|6|
|Accruals|7,950|7,956|
|Other Creditors|235,785|193,350|
||243,735|201,306|





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|4.Analysis of net assets by fund||||
|---|---|---|---|
|Year ended 31December 2022|General|Restricted|2022|
||6|6|6|
|Fixed assets - Tangible assets|1,414,658|93,761|1,508,419|
|Investments|2,425,686|24,808|2,450,494|
|Net current assets|(22,290)|36,765|14,476|
||3,818,055|155,334|3,973,389|
|Year ended 31December 2021|General|Restricted|2021|
||6|6|6|
|Fixed assets - Tangible assets|1,300,591|93,761|1,394,352|
|Investments|2,641,498|28,470|2,669,968|
|Net current assets|283,518|33,163|316,681|
||4,225,607|155,394|4,381,001|
|5.Related party transactions||||
|aptist Union ofGreat Britain||||
|he Association<br>is a member ofthe Baptist Union ofGreat Britain (BUGB).||During the year,|it received|
|rants from the BUGBas shown:||||
|||2022|2021|
||||6|
|BUGB Core Funding||218,112|179,426|



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|||||2022|2021|
|---|---|---|---|---|---|
|When the Association<br>carries out work for||such|churches, fees|||
|are charged<br>and the resulting<br>income is shown|||as Income from|||
|churches<br>for services rendered.||||3,648|2,338|
|Loans made to churches<br>during|the year|||151,301|100,000|
|Loan repayments<br>received<br>from|churches|during|the year|63,414|59,718|
|Interest on loans received<br>from|churches|during|the year|19,925|12,803|
|Fee paid to a church<br>in respect|oftrust officer secondment|||10,519|13,798|
|Grants<br>made to churches<br>during|the year|||99,988|58,936|



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|employers<br>in the DB Plan are collectively|responsible<br>fo|r funding<br>this de|ficit.||
|---|---|---|---|---|
|The key financial<br>assumptions<br>underlying|the valuation|were as follows:|||
|Type ofassumption<br>RPI price inflation<br>assumption||||%p.a.<br>3.20|
|CPI price inflation<br>assumption||||2.70|
|Minimum<br>Pensionable<br>Income Increase|Adjustment<br>(above CPI)|||0.50|
|Pre-retirement<br>assumed<br>investment<br>returns<br>(gilt yield||plus 1.75'/0 p.a.)||2.95|
|Post retirement<br>assumed<br>investment<br>returns<br>(including||benefits|||
|matched<br>by the insurance<br>policy) (gilt yield plus 0.5% p.a.)<br>Minimum<br>Pensionable<br>Income increases<br>(CPI plus 0.5%)||||1.70<br>3.20|
|Deferred<br>pension<br>increases (based on RPI)|||||
|Pre April 2009||||3.20|
|Post April 2009||||2.50|
|Pension<br>increases<br>based on CPI with an|annual<br>floor of|0% and annual|cap of5%|2.70|



## 




## 

## 

|||2022|2021|
|---|---|---|---|
|||6|6|
|Net movement<br>in funds||(407,612)|283,030|
|Losses/(gains)<br>on|investments|312,999|(204,632)|
|Investment<br>income||(36,039)|(19,254)|
|(Profit) on the sale|of fixed assets||(28,310)|
|Purchase oftangible<br>fixed assets||(114,067)|(529,548)|
|Assets transferred|at fair value||(200,000)|
|(Increase)/decrease|in debtors|14,109|(25,345)|
|Increase/(decrease)|in creditors|42 429|177,590|
|||188 181|(546,469)|



## 



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