EAST MIDLAND BAPTIST TRUST COMPANY LIMITED
IA Company Limited by Guaranteel
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS
YEAR ENDED 31ST DECEMBER 2023
ChaTity Number.. 250068
ompany Number.. 00178555

EAST MIDLAND BAPTIST TRUST COMPANY LIMITED
Company Limited By Guarantee}
CONTENTS
Page
Company Infomialion
Annu81 Report of the Trustees
Independent Examinerfs Report
Statement of Financial Activities
Balarn￿ Sheet
Notes to the Accounts
8-16

EAST MIDLAND BAPnST TRUST COMPANY LIMITED
(Company Limited by Guarantee
COMPANY INFORMATION
TRUSTEES
Dr C D Hanning
Mr T D Jackson
Revd M Fegredo
Mr G N Anderson
Revd M Clay
(Chairman)
(Treasurer)
COMPANY SECRETARY
Mrs R Nitholls
KEY MANAGEMENT
All Trustees
REGISTERED OFFICE
Baptist House
PO Box 44
129 Broadway
Didcol
Oxfordshire
OX118RT
REGISTERED NUMBER
OQ1178555
CHARITY NUM8ER
25D068
BANKERS
Lloyds TSB
43 Irongzte
Derby
DEI 3FT
INDEPENDENT EK4MINER
A R R Price FCA
A R R Price Limited
Chartered Accounlanls
17 Newslead Grove
Nollingham
NG1 4GZ

EAST MIDLAND BAPTIST TRUST COMPANY LIMITED
(Company Limited by Guarantee)
ANNUAL REPORT OF THE TRUSTEES
The trustees prèsent their report wllh the financial statements of the charitablè company for the year ended
31st December 2023.
OBJECTS AND ACTIVITIES
Alms and objectlves
The Ea51 Midland Baptist Trust Company Limited is a company IiTnite(I by guarantee and also a registered
ch8rrty and ils obje¢ts are as set out in the Memorandum and Articles of Association dated 1 sl January
2002 and include provision as lo.
The promotion of Evangelical religion in the East Midlands or els8where according to the principles
and usage for the time being of Protestants of the Baptist Denomination,
Promote, or asstst in promoting, or assist in the building, repairing and restoring places or cenlres
of worship, Ministers, houses, Halls, Schools. Colleges, Institutions and other buildings.
Provide monies required foi all or any of such purposes.
The exercising of corporate trusteeship over those churches in trust with the company.
ACHIEVEMENTS AND PERFORMANCE
Achievements
In furthering ils primary objective cluring 2023 the Company conlinu8d to act as Custodian Trust88 for the
churches in Trust wrth rt and as Management Trustee for a few property related Trust Funds.
The duties carried out included".
a. Accounting lo individual churches for interest earned on funds held.
b. Approving plans submitted where alterations were proposed. ensuring that SLrfFicienl funds were
available to setvice any loans taken out and that the correct procedures had been followed in the
use of archilecls and quanllly surveyors.
Aggregating fund5 held on beha￿ of churches and the East Midland Association in order to secure
the best rates of Interest al minimum risk through a spread of inveslmenls. This aclivf(y was ceased
in March 2023 and Churches invested their funds in the Baptist Union cash invèslmenl accounts or
opened their own investment accounts.
d. Making grants to loc81 churches from various Reslrieled Funds.
Financial Reviaw
Total In¢oming resources for the year wer? £65,06412022- £33,869). Total resources expended for the year
were £ 40,564 12022.. £28,260). Where ¢o$1s 8re shared belween unreslricled 8nd restricted aclivfties they
have been apportioned by the Trustees on the basis of amount used,
The funds at 31 st Decembei 2D23 were £1,162,36612022- £1.113,1551 of which £ 88,01012022.. £66,602)
were unrestricted £339,674{2022.. £328,549} were restricted and £734,68212022.. £720,004} were endowed
lunds.
Rgservès Policy
In order lo provide a quality, effective and efficient service lo 11$ beneficiaries the Trustees are aware of the
desirabilty of setting a level of reserves that, in th8 evènt of funding not being suffici8nl to COV8r eX￿nsaS in
the future. a smooth transition can be made to a lower level of servi￿.
However, the running costs ofthe company gre generally quite modest and 8lways capable of being covered
by a Gorresponding level of investment income. The Tru51ees do not therefore consider that any level of
reserves is required bul will rèview this policy on an annual basis. Total general reserves at 31 sl December
2023 are £88,01012022. £56,602).

EAST MIDLAND BAPTIST TRUST COMPANY LIMITED
(Company Limited by Guarantee}
ANNUAL REPORT OF THE TRUSTEES
Investment Pollcy
From March 2023. following an investment review, the policy was changed. From this date surplus funds
weie deposited in a Baptist Union Corporation cash deposit ac¢ounl. The interest Dn this account tracks
the Base Rate and in is on one year notice.
STRUUURE, GOVERNANCE AND MANAGEMENT
Constitution
The main decision-making body of the Company during the year end8d 31 st December 2023 wa5 the Board
of Directors has appointed by the Parent Company, the East Midland Baptist Association Limited. wi(h effect
from 1st January 2002.
In addition to the Directors (the Trusleesl the Company was served by a Trust Officer and employee Df the
Baptist Union Corporation Limited, to whorn the Company paid an appropriate fee.
The Trust Comp8ny is wholly owned subsidiary of the East Midlands Baptist Association. Recruitment to fill
vacancy for a directof is notrfied by the Trust to the Association Bts8ré, who then seeks a suitable
replacement from the churches of the assc)ciation and, after discussion al their board meeting makes the
appoinlrment lo the EMBTC board.
In conn8Ction with the cofporale tiusleeship of those churches in trust with the Association. the EMBTC boaié
has delegated ils responsibilities lo a specialist Trusteeship Committee, urider the guidance of the Manager
of the Baptist Union Corpor81ion Ltd, for whose services a fee is paid.
The company has continued to provide financial support for cap(tal purposes tD various chur¢h¢s within the
East Midland Association. These have been by way of loans on terms agreed by the Trustees. The company
has also provided expert advice on legal and property issues lo churches involved in extensive building work
or in the buying and selling of m8nse properties_
Trustees
The trustees of the company during the year and at the year-end were those appointed by the Parent
Company, the East Mid5and Baptist Association Limited, as detailed bek)w".
Chairman
Company Secretary
Dr C D Hanning
Mrs R Nicholls
Treasurer
Mr T D Jackson
Revd M Fegredo
Revd M Clay
Mr G N Anderson
Rlsk Review
The ttustees have examined the major risks which the charity faces and confirm that systems have been
established so that the necessary steps can be taken lo redu￿ these risks.
Statemfrnt on Public Benefit
The objectives and aclivf(ies, and achievement and perfomiance sections of this report clearly set out the
activities which the charity undertakes for the public benerrt The Trustees confirm that they have complied
with the duty in section 4 of the Charities Act 2011 to have du8 regard to public benefit guidanGe published
by the Commission in determining the activities undertaken by the charity.

EAST MIDLAND BAPTIST TRUST COMPANY LIMITED
Icompany Limited by Guarantee)
ANNUAL REPORT OF THE TRUSTEES
STATEMENT OF TRUSTEES, RESPONSIBILITIES
Th8 trustees (who are also directors of East Midland Baptist Trust Company Limited for the purposes of
company lawl are re5tK)n5Fble for preparlng the Councils, Annual Report and the financlal statements In accordance
w￿h applicable law and United Kingdom Accounting Standards (United Kingdom (*nerally Accepted Accounting Pract1￿).
Company law requlres the trustees to prepare financial siaterrEnts for each financial year, which give a true and fair
v￿￿ of the state of affairs of the Charitable cofftpany and of the incomlng resources and application of resourc￿,
IncI￿lIng the income and expenditure, of the charitswe companyfor that Ferlcxj, In preparing these financial 5tatetnents,
the trustees are required to..
select 5uiiable accounting policie5 and then apply them consistendyi
observe the method5 and principles in the Charitles SORP 2015 (FRS 102},'
make judgements and eskn.mat￿ that are reasonable and prudent.
state whether applicable UK Accounting Standards have been followed, sjbj'ect to any tnaterial
de￿rtureS disc105ed and explained in the finandal statements;
prepare the financial statements on the going COn￿M basls unless 6t Is Inappropriats to ￿esume that
the charitable company will continue in operation.
The trustees are resWns1b￿ for keeping adequate accounting records that dEclose with reasonable accuracy at any time
the financial position of the charftable company and enable thern to ensure that the flnancial ststements comply with
the Companies Act 2006. They are also r2sponsible for safeguarding the assets orthe charitsble company and hence for
tsking reasonable steps for the p￿ven￿On and detection of foud and other Irregular￿teS.
In so far as the trustees are aware..
the￿ is no relevant information of which the chaikable tompanrfg independent examiner is unaware,. and
the tNStees have taken all Steps that they ought to have tsken to make themselves aware of any relevant
informatlon and to estsblish that the independent examlner Is aware of that informatson.
The rep)rt has Èeen prepared hayiThJ taken advaThtsge of the small companies exernption in the C0tnpan￿S Art 2(K)6
Approv
ylhe
slees on
d si9ned on their behalf by..
Drch
Hanning

EAST MIDLAND BAPTIST TRUST COMPANY LIMITED
(Company Limited by Guarantee)
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES
I report on the accounts of thè Charitable company for the year endecl 31 st December 2023 which are s81 out on
pages 6 10 16.
This report is made solety lo the Charity's Trustees as a body. in accordance with Section 145 of the Charities
Act 2011. My independent examination work has be@n undertaken so that I might slate to the Charities Trustees
those matters18m required to slate lo them in an Independent Examiner's Report and for no other purpose. To
the fullest extent permilled by18w, I do not accept, 01 assume iesponsibility lo anyone other than the Charity and
the Charity's Trustees as a body, for my Independent examination work, for this report. or for the opinions I have
found
Responsibilities and basis of the report
As the charity's Trustees ofthe wmpany land also its Directors for the purposes of company18wI ?re responsible
for the preparation of the accounts in accordance with the requirements of the Companies Act 20061 the 20
Act").
Having satisfied mysew that the accounts of th8 Company are not required lo be audited undèr Part 16 of the
2006 Act and are eligibl8 for independent examination. I report in respect of my ex8min8tion of your charity's
accounts as carried out under seclion 145 of the Charities act 2011 1.the 2011 Act.). In carrying out my
examination I have followed the Dir8Ctions gDien by the Charity Commission under sectlon 14515llbl of the 2011
Act.
Independent examinerfs statement
I have completed my examination. I confirm that no matters have come to my attention in connection wrfth the
examination giving me cause to believe,.
accounting records were not kept in resp￿1 of the cornpany as required by s8clion 386 of the 2006
Act.. or
2. the accounts do not accord with those rewrds., or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other
than any requirement that the a¢¢ounts give a true and fair view which is not a matter Gon5Klered
as part of the independent examination.. or
4. the accounts have not been prepared in 8c¢ordance wf(h the methods and principles of the
Slalemenl 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 {FRS1021.
I have 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 lo enable a propor understanding of the accounts to be reached.
Alam8 A R R PRICE FCA Chartered ACGOU
ant
Forand on behalf of A R R Price Limitgd
l T Nowslead Grove
Nottingham
NGI 4GZ

EAST MIDLAND BAPTIST TRUST COMPANY LIMITED
(Company Limited by Guarantaol
STATEMENT OF FINANCIAL ACTIVITES
lincluding incom8 and èxpenditure account}
FOR THE YEAR ENDED 31ST DECEMBER 2023
Unrestricted Restricted Endowed
Funds
Funds
Funds
Totsl
Funds
2023
Total
Funds
2022
Notes
Income from..
Donations
Bank and investment In￿Me
Trustee fees and other Income
5,30Q
25,811
10,203
5,300
49,561
10,203
6.889
17,061
32,462
1,407
Total income
6,889
17.061
65 064
Exp8nditure on.
Raising funds
Charitsble aclivi(ies
1.126
18,580
1,126
39,438
10,043
18.217
20,858
Totsl expenditure
19,706
20,858
40,564
Nel Incominglloulgoingl resources
Net gainslllossesl on investmènts
21,4Q8
6,889
6,236
13,7971
18,475
24,500
5,609
24,711 1119,5861
Nèt movement in funds
21,408
14,678
49,211
113,977
R8con¢iliatlon of funds
Total funds brought fOn￿ard
68,602
326,549
720.OCA 1.113,155 1,227,132
Totsl funds Ca￿led forward
14
88.010
339 674
734 682 1162 366 1,113,155
All transactkjns are derived from continuing aCtiV￿e$.
All recognised gain5 and losses are IKluded in the StstÈrnent of Tinandal ALtJvldes.

EAST MIDLAND BAPTIST TRUST COMPANY LIMITED
(Company Limited by Guarantee)
COMPANY NUMBER 00178555
BAL4NCE SHEET
AS AT 31ST DECEMBER 2023
Notss
2023
2022
Fixed Assets
Tangible assets
Investments
453,250
4,967
458217
453,250
1,481,216
1934 466
Current Assets
Debtors
Cash al bank and in hand
16,575
1,282.876
23,779
903,312
1,299,451
927,091
Creditors-. amounts falling due within one year
12
595,302
1,748.402
Net Current As5etsllLiabilities}
704,149
1821,311}
Net Assets
1 162 366
1.113 155
Represented by..
Endowment funds
Restricted income funds
Unrestricted funds
734,682
339,674
88,010
720,004
326,549
66,602
14
Total Charity Funds
1,162,366
1,113.155
Tre charitable cornpany Is enb.ded to exemOon fmm audrf( under Sethon 477 ofthe Comthlnies Act 2006 for the year ended
31st December 2023.
The rnember5 have not required the chariiable company to obtaln an audlt of Its flnanclal siatements for the year ended 31st
Decefflber 2023 in accordan￿ with Section 476 of the Compan￿5 Act 2006.
The Trustees acknowledge th￿r reS[x)nsi￿litles for..
(a) ensuring that the CDmpany keeps accounting records whlch comply with Sections 386 and 387 of
the Q)rnpanies Act 2006,. afid
Ib) preparing financial statements whith give a true and fair Mew of the stste of affalrs of the company
as at the end of each financial year and of its profrfc or loss for each financial year in accordan
with the requirements of Sections 394 and 395 and which otherwi* LDtnpty with the requirements
of the Companles Att 2006 reLiting to financial strAternents, si far as applicable to the company.
The account5 have been prepared in accDrdance wfth the provisions ￿p￿icable to cornpanies subjett to the small cOm￿nIeS
regime.
Approved by the 8oard of Trustees on
and sNJned on their behalf by..
T Jackson
Treasurer
Dr
Truslèe
The notes on pages 8 10 16 form part of these financial stalemenls.

EAST MIDLAND BAPTIST TRUST COMPANY LIMITED
Icompany Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST DECEMBER 2023
ACCOUNTING POLICIES
Basis of preparation
East Midland Baptist Trust Company Limited is a company limited by guaranteè in the United
Kingdom. In thè èv8nl of the charity being wound up, the liability in iespect of the guarantee is
limtted to £1 per member of the charity. The address of the registered office is given in the charity
Information on page 1 of these financial statements. The nature of the charity'5 oper8tions and
principal activities are set out on pag8 3.
The charity conslrtutes a public beneff( entity as defined by FRS 102. The financial statements
have been prepared in ac¢ordance with Accounting and Reporting by Charities.. Statèment of
Recommended Practic8 applicable to charities preparing their accounts in aGGOfdance with the
Financial Reporting Standard applicable in the UK IFRS 1021 issued on 16 July 2014, Ihe
Financial Reporting Standard applicable in the United Kingdom IFRS 1021, the Charities Act
2011, the Companies act 2006 and UK Generally Accepted practi￿ a5 i( applie5 from 1 January
2015.
The financial slalements are prepared on a going concern basis under the historical cost
convention, modified to include certaln items al fair value. The financial statements are prepare
in sterling which is the functional currency of the charty.
The signtfiGanl accounting policies applied in the preparation of these financlal slalements are sèt
out below. These policies h8ve beèn consisl8ntly applied lo all years presented unless otherwise
stated.
Incoming and endowments
All incoming resources are included in the Statement of Fin8n¢i81 Activities ISOFAI when the
Charity is legally entitled lo the income after any performance conditions have been met, the
an￿Unt can be measured reliably and il is probable that the income will be received_
Donation and legacy income are included in fvll in the Statement Cjf Financial Activities when
receivable.
Investment income iy included when receivable.
Expenditure
All expenditure is accounted for on an accruals basls and has been classified under heading5
that aggregate all costs related to the ealegory. Expenditure is recognised wh8r8 th8re is a legal
or conslruclive obligation to make payments to third partie5, It is probable that the settlement will
be reqUI￿d and the amount of the obligation can be measured reliably. 11 is calegorised under
the following headings..
Raising funds includes inveslmerbt management fees.
Charitable activities comprise those costs incurred by the charitable company in the
delivery of its activities and services for rts beneficiaries. It includes both costs allocated
direclty lo such aGtivities and those costs of an indirect nature nècessary lo support them.

EAST MIDLAND BAPTIST TRUST COMPANY LIMITED
(Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST DECEMBER 2023
Support costs allocation
Support costs ale those Ihal assist the work of the Gha￿tY bul do not diieclly repr8sent charitable
activit￿S and include office costs, governance costs, administrative payroll costs. They are
Incurred direGtly in support of expenditure on the objects of the Gharity and include project
management carrled out at Headquartèrs. Where support costs Cannot bè dlrectly attributed to
particular headin9s they have been allocated lo charitable aclNities on a basis consislenl with
use of the resources.
The analysis of these ￿SIS is included in note 4.
Tangible assets
Depreciation has not been provided on the pioperties owned by the charitable company. as in
the opinion of the trustees, the disposal value of the assets is not expected lo be less than the
carrying value.
Investments
Investments are reeognised initially al their transaction value which is normally the transaction
price le55 transactlDn costs. Subsequently, they are measured at fair value with changes
recognised in 'nel gains Illossesl on invesiments. in the SOFA rfthe shares are publicly traded or
their fair value can otherwise be measured reliably.
Debtors and creditQTS receivablplpay4ble within one year
Debtors and creditors with no stated interest rale and receivable or payable within one year are
recorded al transaction price. Any losses arising Irom impairmenl are recognised in expenditure.
Taxation
Thé comp8ny is a r￿lstered eh8rity and is therefore enlTtled lo the exemptions from corporation
lax afforded by section 505 of the Incomè and Corporation Taxes Act 1988. Accordingly, there
is no corporation lax charge in these financial slatemenls.
Custodian trustee funds
The charitable Gompany holds funds on beh81f of churches wlhin the East Midlands Association
as Custodian Trustee. Responslbilily for managing these funds rests w(th the management
Iruslees of the respeclive churches, 8nd details of these assets should appear in their own
accounts. As Custodian Trustee we have a duly lo disclose the information relating to assets
held and details appear on pages 15 and 16.
Funds
Permonent endowment funds are capital funds where there is no power lo convert capital into
income. They musl generally be held indefinitely except where the Charity Commission has
agreed otherwise.
Restricted funds are funds that can only be used for particular restricted purposes within the
objects of the charitsble company. Reslriclions arise when donors specify the purpose for which
thè incomé can bé used

EAST MIDLAND BAPTIST TRUST COMPANY LIMITED
(Company Llmited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST DECEMBER 2023
Funds Icontlnuedl
Unrestricted funds are donations and other illcoming resources receivable or generated for the
objects of the charitable company wilhoul specified purpose and are available as gener81 funds.
Endowment funds representthose assets which must be held peMianerrtly by th8 Gharily. Income
arising on the endowment funds can be used in accordance with the objects of the charity and is
included as unrestricted income. Any capital gains or losses arising on the investments form part
of the fund. Investment managemtrnt charges and legal advice relating lo the fund are charged
against the fund.
Going Concern
The linancial statements have been prepared on a going concern basis as the trustees bèlieve
that no material uncertainties exist. The Iruslees have considered the level of funds held and the
expected 18V81 of income and expenditure for 12 months from aulhorising these financial
slaternenls. The budgeted inwme and expenditure is suffi¢ient w((h the level of reserves for the
charty lo be able lo continue as 8 going concern
Judgements and key sources of estlmatlon uncertalnty
Accounting estimates and judgements are continually evaluated and are based on historical
experience and other factors, including expeclalioris of future events that are believed lo be
reasonable under the circumstances_
There are no k8y assumptions conc8rning th8 futur8 and other key sources of estimation
uncertainty 31 the reporting dale that have a s1gnffi￿nt risk of causing a material odjuslmenl to
the carrying amounts of assèts And liabilitiès within the next financial year.
INCOME FROM INVESTMENTS
Unrestricted Restrscted Endowed
Funds
Funds
Funds
2023
Total
2022
Total
Bank and investment income
Th8 comparative figure for 2022 has been adjusted by £1.407 now shown as other
income on the SOFA
EXPENDITURE ON RAISING FUNDS
Unrestricted Restricted Endowed
Funds
Funds
Funds
2023
Total
2022
Total
Investment management
10

EAST MIDLAND BAPTIST TRUST COMPANY LIMITED
(Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST DECEMBER 2023
EXPENDITURE ON CHARITABLE ACTIVITIES
Direct
Costs
Support
Costs
Total
Costs
2023
Total
Costs
2022
Grants and gifts
Propertyllegal eosl8
TnJslÈeship fe
ChurGh loans written off
Printing, postage and telephone
Independent examinefs fee
25,000
25,000
696
8,200
4,359
103
1,080
8,700
308
8,0L13
696
8,200
4,359
103
1,080
186
1.020
25,000
14,438
39,438
18,217
Grants of £25,OOQ are to five Baptist churches for building improvernenls.
INDEPENDENT EXAMINERS REMUNERATION
The independent examiners remuneration amounts to £1,08012022'. £1,020).
EMPLOYEES, TRUSTEES AND KEY MANAGEMENT
None of the trustees or key management reseive any remuneration and there are no staff cos1812022..
No tfftvelling, conference and other expenses w8r& reimbursed lo directors12022.' nil}.
TANGIBLE ASSETS
Unrestricted Restricted Endowed
Funds
Funds
Funds
2023
Totsl
2022
Total
Freehold Propety
COST AND NET BOOK VALUE
Ag 411st January 2023
Disposals
408.250
45,000
453,250
453,250
As At 31st DécembÈr 2023
408,250
45,000
453.250
453,250
Represented by the following freehold
Pfoperties".
178 Oxclose Lane, Arnold, Notts,
40 Trueway Driv8, Shepshed, Leics
408,250
45,000
453.250
453,250

EAST MIDLAND BAPTIST TRUST COMPANY LIMITED
(Company Lirnited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST DECEMBER 2023
INVESTMENTS
As50Giation Restricted Endowed
Funds
Funds
Funds
2023
Total
2022
Total
UK Listed shares and securities
Market value as al 1st January 2023
Addrtions
Disposals
Net realiseélunrealised GainsllLossesl
ILos5esllGains attributable lo EMBA
Re-apportionmanl to current 8SSOts
692,588
199,OQ6
589,622
1,481,216 1,701,635
30,975
1714,2901 12E15,242} 1608,0971 11,527,629) 127,5391
6.236
18,475
24,711 1119,5861
21,701 1104,2691
4,g68
21,701
4,968
Market value as al 31st De￿rnber 2023
4,967
4,967 1,481,216
DEBTORS
Unrestricted Restricted Endowed
Fund$
Funds
Funds
2023
Total
2022
Total
Loans to churches {see note 101
Other debtors
Accrued income
4,359
19,420
16,575
16,575
16,575
16,575
23,779
LOANS TO CHURCHES
As al 31st DeGember 2023. the amount on loan from each fund was as follows".
2023
2022
EMBA Loan Fund
Swanwick
759
Capital Prolects
Greenhills
3,600
4.￿9
The amounl of loans to Churches rewverable after more than one year is £Nil12022." £3,852}
12

EAST MIDLAND BAPTIST TRUST COMPANY LIMITED
(Company Lim5ted by Guarantepl
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST DECEMBER 2023
11
CASH AT BANK AND IN HAND
Association Restricted Endowed
Funds
Funds
Funds
2023
Total
2022
Total
COIF and Lloyds Accounts
324,875
275,570
682,431 1,282.876
903,312
12 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Associatlon Rgstricted Endowed
Funds
Funds
Funds
2023
Total
2022
Total
Inter-company account
Creditors and accruals
594,3Q2
1,000
595,302
594,302 1,715,011
1.000
3,391
595,302 1,748,402
13 RESTRICTED AND ENDOWED FUNDS
Balance at
1st January
2023
Balanc8 at
31st
December
2023
In¢oming Outgoing
Funds
Funds
Other
recognisèd
gains
Restricted
Loan funds {al
Association fund Ibl
258,876
67,673
326,549
6,889
265,765
73 909
339,674
6,236
6,236
6,889
Endowed
Castle Gresley Ic
Capital project fund {d)
20,858
699,146
720.004
120,8581
17,Q61
17,061
18,475
734,682
734,682
120,8581
1.046,553
23,950
(20,858)
24.711
1,074,356
Restricted
lal Both the Association Loan Fund and the Emrnanuol Trust Loan Fund have been used lo make
low interest loans to churches usually up lo £30,000 can be borrowed repayable over 10 years al
hall the Base Rate, bul variable up to a maximum of 5 /4. The amounts on loan to churches are
detailed in nole10. These loans are no longer Offe￿d.
Ibl Nel interest earned on Association Fund, is available for use by the Trust Company.
Endowments
Ic) The proceeds from the Sale of the Castle G￿SleY Church are available for loan or investment in
an Association property.
13

EAST MIDLAND BAPTIST TRUST COMPANY UMITED
(Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST DECEMBER 2023
Endowments {continuadl
Idl Consolidalion of funds from the sale of closed churches under a Charty Cornmission Scheme
dated 19th January 2004. The Charity Commission has now agreed lo this fund being used for
all purposes that advanGe the woik of the East Midland Association. The balance includes a total
of £28, 151 being the cumulativé Unr8alis6d Gains that have accrued since 2003.
14 RESERVES
2023
Unrostri¢- R8stri¢tsd Endowed Total
ad
2022
Total
As at 1 sl January 2023
66,802
326,549
720,004
1,113,155 1,227,132
Nel Movement in funds for the year
21,408
13,125
14,678
49.211 1113.9771
As At 31 st December 2023
88,010
339,674
734,682
1,162,366 1,113,155
15 ALLOCATION OF CHARITY NET ASSETS
The nel assets of the Charty are held for the vallous funds as follows".
Unrestricted Rèstrlcted Endowed
Funds
Funds
Funds
2023
Total
2022
Total
Tangiblè fixed assets
Investments
Current assets
Current liabilitie8
408,250
4,967
270,095
595,302
88,010
45,000
453,250
453,250
4,967
1,481,216
734.682 1,299,451
927.091
595,3021 11,748,402)
1,162,366
1,113.155
294,674
339,674
734.682
16 RELATED PARTIES
The charitable company is a wholly owned SLJbsidiary of the East Midland Baptist Association Ltd Ilimiled
by guarantee) No. 4302466 incorporated in England & Wales and a registered charty (No. 10944571.
17
CUSTODIAN TRUST FUNDS
The charitable cornpany holds, as Custodian TTuslee. certain assets being UK listed shares 8nd securities
and cash deposits for or for the benefit of the churches and associated charities w¥thin the AssoGt8tion.
The trustees do not have any directly trtle lo these funds bul administers them within the genÈral
framework of the Charilies Act 2011 and the objectives of the individual churches. The funds
14

EAST MIDLAND BAPTIST TRUST COMPANY UMITED
{Company Limited by Guarantee
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST DECEMBER 2023
17
CUSTODIAN TRUST FUNDS (continued}
are gener8lly'reslricted' as lo their use. and the trustees try lo ensure that these restrictions are complied
with.
Under current legislation the Iruslees are only required lo gnie a description of th8 assèts which they hold
in thi5 capacity. The following schedule shows the assets of each ¢uslodian fund and how IhEse are held
on behalf of each church or Gharity. Investments are included al Market V8lue.
2023
2022
Specific
Investments
Aggregated
Investments
Total
Total
Restricted Funds
Burgh Trust
Christchurch IMan5el
Trust
Coningsby Trust
Cook Memorial Fund
Eastwood
Hugglescote Church Trust
Ilkeston, Queen St Bc
Trust
Kirkby Forest st
Long Eaton
Long Eatori Taylor Trust
Loscoe BC
Nottingham Thomas
Helwy5
Ruddington Trust
47,735
164,186
56,884
13,487
39,771
3S,118
8,851
6,437
15,288
77,857
31,231
744
10,000
1,712
87,868
194,521
762,114
8,851
6,437
15,288
Unrestricted Funds
Bretton
109,237
16,621
73,460
770
Bulwell
Daybrook
Derby Osma5ton
Epworth
Eyres Monsall
Fleet
Gosberton Investments
Heanor
770
770
33,921
26,835
9.686
92,506
29,623
15

EAST MIDLAND BAPTIST TRUST COMPANY LIMITED
Icompany Limited by Guarantee}
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST DECEMBER 2023
Unrestricted Funds
Icontinuedl
Kegworth
Langley Mill
Littlèover
Loughborough
MilfDrd
Newark
Nottingham Mansfield
Road
Nottingham New
Whitemoor
Skegness
Smalley BC
Sutton in Ashfield
Wirk5WOrth & Bonsall BC
Trust
15,177
12,197
45,814
234,329
108,749
9,038
90,731
120,716
18,728
32,781
13,437
767
770
770 1,095,213
Ternporary unrealised
834n on aggregate funds
229,156
16.058 2,086.483
9,621
6.417
16